davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1913-11-30
NEW DEPARTURE
IN STATE BONDS
LOuisiana's New Constitution
Calls for Taxes to Retire
Bonds Serially.

Instead of following the time honored
practice of authorizing state legislatures
TO levy sufficient taxes year by year. the
new Louisiana constitution actually levies
these taxes, naming a fixed rate, which
the officials say will be sufficient to pay
the serial bonds to be issued In December
as they fall due in from one TO hfty
years. as well as the semi-annual install
ments Of interest.
This appears to be a new form OF state
financing which has developed as result
of the necessity to make ample provision
for the payment OF maturing principa!
and interest of the new bonds TO be OF
fered and thus alay doubt In the minds
of investors.
The Legislature is given no discretion In
the matter, according TO Caldwell, Mass
lick & Reed. attorneys of this city, VINO
say that after levying the tax the same
article provides for emergencies by re-
duiring the State Auditor TO make COM
putation each year of the amount which
can be realized by the levy of the fixed
rate. and if that amount is not sufficient,
due TO reduction Of the assessed valuation
or other causes not now foreseen, the
Auditor is required 10 compute new
rate that will be sufficient and extend II
upon the tax rolls for collection as other
state taxes are collected. States are I'M
mune from suit. but their officers are sub
ject to writs OF mandamus 10 compel the
performance Of specific duties. and this
provision for automatic extension OF the
rate of the tax is one that the bondhold-
ers can enforce by mandamus.
4 few months ago the attention Of In
vestors was called TO the default OF the
city of Atchison. Kan. in the payment OF
maturing bonds. no sinking fund having
been provided and the city being deter
mined to compel its creditors TO accept
new bonds at rate OF interest lower
than the market rate. The courts prompt-
ly gave relief, although they gave the
city few years in which TO make up the
default. The Atchison case gave impetus
To a movement that had been going for
ward among investors for some years 10
induce municipalities TO pay their bonds
serially, instead of al one time IN the
distant future. The Investment Bankers
Association OF America has been urging
the adoption OF policy Of public debt
which should provide for its retirement
gradually. practically doing away with
the old theory of sinking funds and using
the taxes for the paymen: OF maturing
bonds each year. \ great many munich
palitics have adopted the new plan. and a
notable case is that of Seattle. which a
few months ago issued one TO five year
serial bonds to the amount OF N""ooo
10 pay debt falling due. although the
first ordinance for the payment or the
debt provided for twenty-year bonds. the
adoption of this policy by the state OF
Louisiana will go a long way In inspiring
the confidence OF investors and Is likely
TO prove a model In state financial legs
lation. both In its plan FOR gradual retire
ment OF the state debt and its provisions
for actually guaranteeing the payments.
New-York tribune., 1913-11-30

Giasberg. Oto-Broadway Trust Company
S12G %. p.,o,
Greenwood. II. ST. George--I. Marquis Ho'e
Company. Sl52 IS. ~,
Hayes. Marcelus F.-American La" Boon
Company. S2i7 l6 90, On
Krimko Jacob-A. Friedman et -. - u , ov
Iicht Herman S-American Law BOON
Company. S323 ~.
IanGfur. Samuel--Same, s2sl . ,co .,
Mulhall Martin Mr.. Barry. s1.@3o ~;
Potsch. Charles H.-C. II. HolurIuse'
S?.99I Is.
Peiser. Isaac-B. Weinberg. SSi1 ~ ,oo,
Pickoner. Beniamin-M j. Henschcl, 81 "
O'Mallev. Joseph F.-M. Kraemer. 81" ~.
Patterson. Rober. S.-AmeriCan Law BOOK o.
S2.7 Al. ~
Rosson Thomas Italian savings Bank 81 90
Reilly. Rudolph R.-lIotel Holley Co. sIDi o.
Sears, judah H.-Overman Tire Co. S21o y.
Stiner. Samuel P.-Wilmore Realty CO..
Schacn,r. Louis. or Louis schaf'er-E. senft'
500 81. .,o, "a
Schwartz Max-A G. Lockwood ct al. sl9l 10.
White, David-K Frchs, S227 -.
American Moving Picture Machine Co
Shepherd Clark TO-. 1854 60
Central Park. North East RiIcr haliroad
Coz. l. Niclilnbottom, 81. G39 ~.
Frazee Realty Co-Back & Boyd Mfg Co.
IIcrfror Coz. RYAN. $500 II.
Samc-Same, E3j1 "a
Same-Sarc. S6GJ 53
O'RourEc Brothers Co.-Church r. Gates
Co. 81, 235 81
Patton Commercial sehool-E. :. Greene
pari Enell General Contracting Co.-John p.
Kane Co., SlS5 G2
New-York tribune., 1913-11-30
BUSINESS REVERSES

EUGENE A. KOHCT-Eugene A. Kohut,
dealer in precious stones at 40. 81 Nassau
street. made an assignment to Henry Lesser
a petition was also filed against him. Cred
itOrs: Samuel IieboWitz, S629; Bessie Znow-
den, S629, and Max NJ Hertenstein S62g all
on notes Liabilities are said to be 10000;
assets. in sight. $4,000.
LOUIS COHEN * SON-Judge Hough dis
missed the petition hled on November I
against Louis Cohen x Son. jewellers OF
No. AIS Grand street, on a settlement at
80 cents on The dollar. payable 10 cents ash
and % cents in notes payable quarterly TO
March IL. 1918. Liabilities. S35. 1886
SIMON SPIRO-Schedules Of Simon Spiro,
wholesale dealer In diamonds ana iewelry, Of
No. II Nassau street, show liabilities OF
sos 542: assets 81 go. in an account. Among
the creditors are Finkelstein Brothers. S2.0I1;
Samuel Hess. S2.42S: GoldmuDz Brothers.
81 800. and /. Hochberger & Son. sl.s97
LOUIS METHGER q CO.--Judge Hough
appointed Samuel il. Lunmis receiver for
Louis MetZgcr & Co, importers and manu-
facturers OF millinery ornaments. at No. 637
broadway. and No 200 Mercer street; bond.
$50. 900, with authority TO continue business
thirty days. The company IL putting through
a composition with creditors at 40 cents on
the dollar. which has been accepted by a
ma iority OF creditors. Liabilities are said 10
he $4,000: assets 500. 600.
AMOUNTS UNDER $4,000.
PENNER BEDDING COMPANY-Judge
Iloush appointed Charles l.. Brookheim re-
ceiver for the Penner Bedding Manufactur-
bond $500.
EDWARD KOLBER-Judge Hough denied
q discharge from bankruptcy 10 Edward Kolber
shoe dealer, OF No. IL Avenue c. against whom
petition was fled on May ~ 1912 The
Judge confirmed the report OF Peter u. Olney
referee that Ko!ber had made transfers Of
part Of his stock shortly before bankruptcy tho
effect Of which was 70 injure the general
body Of creditors and put his property beyond
their reach
STEINER & I.ANDD-Judge Hough appoint
ed Matthew A. Henkel receiver for Steiner &
Lande skirt manufacturers OF No 81 Mercer
street bond si.OC0
SAMUEL BURG-Petition fled against
Samuel Ginsburg. cloak manufacturer Of No
~ Fast 1lth street. by " Abbott. a creditor
for 81 600. on an assigned claim. Judge Hough
appointed F. II. Bangs receiver. bond $1,000,
SAMUEL THc1Il-Petition hlei against
Samuel Then. dealer In mems furnishing goods
and clothing at No. BlS Bowery. Creditors
y Levy & Son. 500. /. NJ Firman. $40, and
Joseph L. Goodman. 1868. Liabilities are
$40 900: assets, Sl0.OOG.
FRIEDMAN BROTHERS-PetitOn flied
against Max and Joseph Friedman. who conf
pose the firm OF Friedman Brothers manu-
faCturers Of furs at No. - West 2Ith street.
Creditors Harry Zaduk. 500: David Itaar
S4Ig. and Edward :. Wheeler. 81 O75 all in
assigned claims. Judge Horgh appointed Henri
r. StmsOn receiver. bond 81 900. with au-
thorltv 10 carry on business FOR ten days As
sets are estimated AT $500.
FANCY MARABOC MANUFACTURERS
COMPANY Hnc.1-Petition fled against the
Fancy Marathon Manufacturing Company. Inc
wear al No 40 East 9th street Creditors:
Ahram Levinson. Sls9; !. Sal1nan & Co, S147
and BENJAMIN Levy, 800. Assets are esti-
mated at 1000.
New-York tribune., 1913-11-30
MOVEMENT OF SPECIE.

The exports Of specie from the Port OF
New York for the week ended November
% we're: Gold 100000 and silver s497.Si
a total of $597, ,S45, against total of sS32.
$50 gold and silver last week and sl.0S7. .96l
the corresponding week last year Since
January ] the exports Of gold amounted
TO s69, ,99S,9l4 and silver 100, against
sSS. .9s2. .4s0 gold and $i,52s,2Ss silver in the
corresponding period last year.
The imports of specie at the Port OF
New York for the week ended November
% were $393.2s1 gold and sl5l,452 silver,
making total of $5H,7l3, against a to-
tai of $3.456,5s6 in the preceding week and
ssi0377 in the corresponding week last
year. Since January the imports Of
specie amounted to $S4.1o9,6S6, against $685.
273,S34 in the corresponding period last
wear.
New-York tribune., 1913-11-30

7 with the Federation OF Associations for
| Cripples are combining in an "Exhibi-
| ton and Sale of Cripples' Work" which
| is to be held at Demonico's Tuesday and
Wednesday, from noon until 6 o'clock.
An urgent appeal Is being made to the
general public to support this movement,
not only by making purchases at the
sale. but by taking note Of the good
work crippes are capable Of doing, with
view to placing orders for future re-
quirements.
There are twelve organizations in the
| federation, of which the Brearley
League Industrial School for Cripples. the
New-York tribune., 1913-11-30

Crippled Chidren's East Side Free schoo
the Harlem Day Home and School "a,
New York State Branch of the Shut,
Society, the Trade School of the Hos,'
tai of Hope and the BIythedale Home n.
Crippled Children are participating r.
the sale.
Special workrooms and salesrooms A..
needed, as in many cases the cripples. A,
formities prevent their employment Nm.
der ordinary shop or factory condition,
whereas with special chairs, tables ano
other equipment furnished, the JOY of o..
ing seff-supporting is assured desni,.
apparently insurmountable handicaps
New-York tribune., 1913-11-30

month; First Lieutenant GEORGE M
PEEK. coast artillery. ifteen days
NAVY.
Commander NJ f.. REED. detached tho ran
ther; TO command the Maine.
Lieutenant Ounior grade) w. 1. 1--WE W '"o
South Carolina. ...,. =,
tached the California; to naval hospitai'
CHIEF Boatswain HENRY HUDSON, detached
the Rhode Island; to the Ranger ,.
Boatswain y. T.. COOK, detached the lllhois'
TO the Rhode Island.
Paymaster's Clerk G.. A. WILCOX, appolhteu'
TO Naval Academy.
MOVEMENTS OF WARSHIPS.-These
movements of navy vessels have been re-
ported:
ARRIVED.
November 27-The Lebanon at New York yard.
November 2s-The Cyclops. at Genoa; the
Morris at New York yard; the Glacier ana
November .,HThe Annapolis. at Toobampo.
SAILED.
Nov. e7-The New Hampshire. from Tux
nam for Vera cruz.
Nov os-The hester. from Key West for
Vera cruz; the Jason from Nilefranche tor
MarseilIes; the Morris, from Newport tor
New York ward: the Whipple, the PAU Jones
and the Perry from San Diego Tor san
Pedro; the Justin from Mazatlan for Mare
Island. -, o,, -,
The connecticut. the Kansas and the ONO OF
the 4th Division, Atlantic fleet VIII leavs
the Mediterranean December for tne eas.
coast OF Mexico calling at Guantanamo @ 81,
route They will relieve the Louisiana. me
Michigan and the New Hampshire, "a DIV
sion which vessels will return 10 the Uni'ed
Tho Nanshan. from san Francisco December j.
for GUaymas, Mexico. ,,.,
The Arethusa from Port Arthur. Tex, Decem-
ber . for Hampton Roads.
Tho Panther detached Atlantic feet and as
signed Atlantic reserve feet. - vi,
The CO ordered commissioned at New YORK
The Montgomery ordered out OF colli',liS,'on ; AZ
philadelphia, and the Montana In full coih-
mission. - ,.., ,,ord
The Parker. ordered commissioned, navy yaru'
Philadelphia. r,.u,,,,,,,s
Tho Panther ulaced In ordinary NJ HII"uNiPA'''
New-York tribune., 1913-11-30
Alabama Great Southern Bonds

Stockholders OF the Alatama Great
Southern Railroad have approved the
authorization of an issue OF 100000 first
consolidated mortgage ; per cent bonds.
Series 4, dated December /, 1913. and ma
turing 1913. OF this issue S2,Ooooo bonds
recently sold to New York bankers will
soon be offered to the public.
Proceeds Of the present issue are to be
expended for additions and betterments.
to be completed as far as possible during
1914 1915 and 1916
New-York tribune., 1913-11-30
COST COMPARISONS
Changes in Average Prices for
the Last Week.

The following table gives the highest
lowest and average wholesale spot prices
of twenty-five articles of current consump-
ton In the New York markets for the
week ended November %, and the differ
ence I'm average from those OF the pre-
vious week, cotton. sugar and lard quota
tions being in cents and hundredths;
New-York tribune., 1913-11-30
JUDGMENTS RECORDED.

The following judgments for amounts more
n an 500 were filed yesterday. the first name
being that Of the debtor:
Beesey, Theodore--R. w. Cooper. $500 20.
Il, rger Bcniamin-American Law Book
COMPANY. 500 81.
Berlingieri. Raffaele CA. Starace. s365 %.
ChristOncrs. George H.--Yonkers National
Bank S3C7 81.
Fornbluth David--N. Feldman. S163 70
Fusco. giuseppe Broadway Trust Company.
SGnS O3
Creenberg. Annie R.-A. w. sekiir ct al.
1895.
New-York tribune., 1913-11-30
II. r. Mcconnell & Co.

"All things considered, the situation ls
not as dark as It appears to be, ana
while there may be some further recess
sions in prices. the present period seems
opportune for purchasing any of the
standard dividend payers Fundamental
conditions are very encouraging, as may
be Judged from the growing balance OF
trade in favor of the United States
Judgment exercised in the selection OF
securities will reveal many attractive
bargains"
New-York tribune., 1913-11-30
BUDGET OF WEEK
In RAILROADS
Transportation News and Com
ment, Changes and Happen
ings in General.

The Lehigh & New England Railroad
recently announced that it had acquired
lease to operate the % miles of road
between Tamaqua and Nesquehoning,
known as the Panther Creek Railroad.
This will mean the transfer of 50 crews
and possibly 2S or 30 engines and l,eO
cars to the new operations.
New-York tribune., 1913-11-30
Wrenn Bros. & Co.

After the first week of the month II
seems likely that investors Will begin TO
consider the large January disourse-
ments. which this time promise to total
about s232. 900 900. as compared with I12.-
10000 for the boom year 1907. Dividend
and interest disbursements in the United
States are increasing at the rate Of about
s9S. 900, 900 per annum, and the total for the
current year will be approximately SLIGO.
10000. \ portion of this money is usually
renlvested the later half of December. and
this year should prove no exception. Sen
timent, moreover. has been helped a little
by the strong case of the railroads in their
argument for higher freight rates and by
the improvement in the cash position of
the New York banks" "
New-York tribune., 1913-11-30

Hereafter passengers purchasing round
trip tickets on any railroad in this cPun-
try and using only the going portion VIII
not have TO wait until the other haf is
sent 10 the general passenger agent. The
unused portion will be redeemed at the
office where the ticket was bought and
| the usual deduction will be made.
New-York tribune., 1913-11-30
Moore, Leonard & Lewis.

Extreme dulness which was the feat
ure of the market for securities during
the early days of the week was succeed
ed by rather better undertone and by
some evidence of greater interest by in
vestors. There seems a disposition to
regard the market as being sold out, If
not, in fact, oversold. Recession in busi-
ness has become increasingly apparent
and the Mexican outlook could certainly
be much better than it is. Nevertheless.
the market is showing dulness rather
than weakness. and there seems evidence
that some interests who are credited with
having important short commitments
outstanding are inclined to cover when
favorable opportunities present them
selves"
New-York tribune., 1913-11-30
j, Frank Howell.

According TO the statsticians, the jan
uary l distribution of dividends and in
terest on corporation stocks and bonds
will be larger five weeks hence than ever
before. Surely there is nothing lamentable
in such a demonstration. There may De
more or less 'pinching' in the process OF
collecting this record breaking aggrega-
ton Of profits. but the money was there
and will soon return to circulation. Times
might be worse"
New-York tribune., 1913-11-30
Posner G. Co.

1T is a we'll known feature for prices TO
hover around an almost fixed level for
considerable period when there Is a
change impending, and the impulse given
when that change occurs is an indication
of the trend the market Will take wheh
activity is resumed. The characteristics
of the prevailing market showed that
recuperation process was in progress dur
ing the dull period, and there are many
good reasons why the natural trend OF the
market should be upward in the next few
New-York tribune., 1913-11-30

The Baldwin Locomotive works within
the last ten days received orders for ~
locomotives from several railroads. This
is the largest number of locomotives or
dered within the same period of time
from the Baldwin works since the Penn
sylvania Railroad gave its order for 100
about two months ago.
New-York tribune., 1913-11-30
OUTLOOK IN THE
STOCK MARKET
Views of Brokers in the wall
Street District-Dulness
Indicates Change.

The extreme dulness in the stock mar
ket during the last week and the various
influences which have held the trend In
state of uncertainty leave the question OF
the near future action of the market an
open one The following extracts from
various stock market opinions are pub
licbpd.
New-York tribune., 1913-11-30

,
a lease to operate the % miles Of road
between Tamaqua and Nesquehoning.
known as the Panther Creek Railroad
This will mean the transfer of 80 crews
and possibly 2S or 80 engines and l,ejO
cars TO the new operations.
The Baldwin Locomotive works within
the last ten days received orders for ~
locomotives from several railroads This
is the largest number of locomotives or
dered within the same period OF time
from the Baldwin works since the Penn
sylvania Railroad gave its order for lU
about two months ago.
The experiment made by the Pennsyl-
vania Railroad of exchanging mileage
coupons for railroads, which II has been
making at Pittsburgh for the last month,
has proved successful In consequence
the exchange has been made permanent
at Pittsburgh, Philadelphia, New York
Newark, Jersey City, Trenton, Lancas-
ter, Harrisburg and Phillipsburg, \. J.
This exchange is intended as conven-
ience TO passengers to insure accuracy
in cancellng mileage coupons and 10
avoid confusion and delay arising from
the return of mileage books to passen-
gers at the end of the journey.
The latest report Of the New York
Railroad Club states that il has 2.O99
members and a cash balance in the treas
ury of over $4,000. Many Of the leading
men in various branches Of the railway
service in this country and In the rail-
way supply and manufacturing industry
are members OF this organization
new double track line down the west
slope of the Wasatch Mountains has
been placed in operation recently by the
! Denver & Rio Grande between Soldier
| Summit and Tucker This line Is built
on a per cent maximum grade TO replace
the former per cent line.
At present there are $500 men con-
stantly being employed on the construc-
ton work on the BaguiO branch OF the
Manila Railroad. This has progressed
so far that the passenger equipment has
been ordered and is expected TO arrive
in Manila during the latter part OF 1914
A report issued by the Illinois State
Board of Equalization shows that the
valuation Of steam railway property In
that state for 1918 is $3.50. 1881, Az, an IN
crease of SO. .7Sl sol over last year.
Telegraph operators on the Trinity K
Brazos Valley have received an increase
| in pay averaging 6.7 per cent. which com
pares with S3 per cent, the amount
asked for.
The report submitted by the board of
engineers appointed by the Monat Tun-
mel Commission on the proposed tunnel
through the Continental Divide, near
James Peak. to be built by the Denver
& Salt Lake, states that the tunnel can
be built in about four years at cost
of approximately $4,000. The City OF
Denver is to furnish 100000 Of the
amount required in the form Of loan
During the fiscal wear ended June 30
the freight traffic of ST. Louis made
new record. The number OF loaded frei6ht
cars interchanged by railroads in that
perlod amounted to 2,2l3,SOl, an Increase
OF 245.054 cars. or u. .45 per cent. over the
preceding twelve months. according to
! the report Of the Terminal Railroad As
| sociatiOn.
| Hereafter passengers purchasing iounu-
trip tickets on any railroad in this coun-
New-York tribune., 1913-11-30
Henry Clews G. Co.

"The market has been sold TO almost
standstll. and prices cannot reasonably
be expected to decline much further with
out fresh unfavorable Developments. Not
a few high grade securities are selling at
very attractive prices TO the careful IN
vestor. More encouraging features of I'M
portance are developing especially in the
direction of foreign trade and railroad
rate prospects. besides which there is an
important outstanding short interest IN
the market which has not yet been forced
10 cover Any further Improvement IN
these respects or in the Mexican situation
will cause a prompt rally, but we are sun
constrained TO advise against extensive
commitments for the immediate future
New-York tribune., 1913-11-30

Telegraph operators on the Trinity
Brazos Valley have received an increase
in pay averaging 67 per cent. which com
pares with 9.3 per cent the amount
asked for.
New-York tribune., 1913-11-30
SPECIAL EUROPEAN COLUMNS

Located in the Fashionable Karnthnef.
ring & the favorite resort of Amer.
cans. Perfect French Cuisine & choie,
wines.
New-York tribune., 1913-11-30

During the fiscal wear ended June 20
the freight traffic of St Louis made
new record. The number OF loaded freight
cars interchanged by railroads in that
nerlod amounted to 2,2l3.3Ol, an Increase
of 245O54 cars. or 1915 per cent. over the
preceding twelve months, according 10
the report Of the Terminal Railroad AS
sOciatOn.
The Fargo forum and daily republican. [volume] (Fargo, N.D.) 1894-1957, 1913-04-16

g. r. Hatcher of Grand Forks is in
the city.
?. A. Lee of Pekin was in the city to.
day on business. Il A...
Richard Hutchinson of LaMoure was
IN the city today.
A. NJ. Henderson of Mayvtlle spent
the day in the city. "
Mr.. and Mrs. q. A. Abbott OF Grand
FORKS are guests at the Gardner hotel.
Frank Collins of Minneapolis, was a
business visitor to the city yesterday
and today.
George T.. LaShell of Larimore, was
~ thesctty over night stopping at one
OF the hotels. =.
F: F. Mcbride of Grand Forks was a
business visitor to h city today and
met many friends. -. s., rs
Mr.. and Mrs. f. j. Harrison of James
town arrived in the city last evenIng
to shop and visit friends.
Il. w. Thompson, of Tower City is a
business visitor to the. city, today and
was greeting his friends.
J. w. Lee of Armenia, arrived in the
city last evening to look after business
matters in the city today 40 +. n-
Miss Clara Hanson of the town of
Nome, is in the city today calling on
her friends and shopping.
Mrs. A. Ueland of PIentywood, Mont,
arrived in the city last evening FOR a
short stay at the Waldorf.
Mr.. and Mrs. r.. H. Thomas of the
city. of Lisbon, are in the city visiting
and calling at the. stores.
Mr.. and Mrs. H. G. Tank of Brady,
Mont. arrived at the Waldorf last even
ing for a stay of a few days.
]. B. Akeson of the town of Grandin,
was a business visitor to the city today
and is, a guest at the Webster.
Alex Cannon, of the town of Hawley,
Mimi, is ~trapsacting business in the
city and is a guest at the Elliott.
a. c., Zimmerman and G. w. Nash, OF
Embden, are in the city today on bust.
ness and are stopping at the Prescott.
Hon, James Collins, Hon. Norman e
Black, and other celebrities of Grand
Forks were registered at the Metropole
yesterday.
Mr.. and Mrs. Thomas Hanson of the
town of Erie, arrived in the city last
evening for a short stop at the An
mex. .,-. '-
William NJ. Stephens of Gladstone
Canada, arrived in the city last even
ing to look after business matters to.
day. s. --2 s. k.