davidaulloa/AmericanStories huggingface dataset:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-06-08
Chaplin Milne Grenfell
Failure May Entail
Further Trouble.
MARKET OTHERWISE
NOT IN BAD SHAPE
Gold Likely to Accumulate in
International Markets, Thus
Forcing Down Rates.
[ BY Gable 70 The Tribune. !

London. June THE liquidation which
preceded the Chaplin. Milne, Grenfell fall
ure affected prices during the whole of
last week and virtually foreshadowed the
event. so that the announcement on Sat
urday caused no great furry, but IL is
feared, on account Of the firms wide
Stock Exchange connection, that there
may be further trouble. Otherwise the
market is not in bad shape.
Home rails were depressed by the
threatened labor troubles and by the ef-
forts Of the railway men TO combine with
the miners to force better pay and short
er hours, but the general situation took
on an improved appearance, especially
since the selling pressure in Paris was
lightened by the decision of the London
conference to supply Brazil with money.
The market is now waiting TO see If
Brazil will accept the terms offered.
The money market looks more and more
like flow of gold TO the great centres
and to a cheap and abundant supply until
the fall. There is trade reaction IN
many countries, reducing the demand Tor
currency. and general conditions war
rant the Dtlltl llldl lllt pOi ION4a'e 49,
tries will be able to import only rela-
lively small amount of gold during the
current year. Consequently the greater
part of the new gold produced is likely TO
accumulate in the international markets.
OF course. the situation will change II
there Is a general revival Of confidence,
and the market would once more lend
freely to all countries, but this seems un-
likely at present.
The Bank of England last week got
nearly all the gold arriving in London
from abroad and the influx nearly offset
the holiday drain to the country, so that
the reserve declined only 5000. TO W.T.
10000. while the stock OF gold increased
s225.OO to s179, $4,000. The proportion Of
reserve to liabilities was slightly higher
at A. 49,
Discounts remain practically stationary
with two. three and four months bills at
"a. and six months bills at Sls per cent.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-06-08
S226,501,075 FOR
CITY IN FOUR MONTHS
Prendergast Shows Sources from
Which Big Amount Was
Received Here.

In the financial summary for the month
of April. as we'll as for the first four
months Of the present year, issued by CON-
troller Prendergast, IL is shown that from
January to April 80 the city received
s226. 5O1.O75 or this amount s3o,139,7Ss
was received from taxes, assessments,
water rates, docks and ferries. subway
rentals and more than one hundred mis-
cellaneous sources.
The marlborough Rapid Transit Com
pany and the Brooklyn Rapid Transit
Companv paid In s1,01s,349 on require
ments for subway contracts, ana sl3o'-
sS7.oS2 was borrowed from the public.
The loans included the issuance OF
ss5 600 900 for corporate stock. The bal
ance was in revenue bonds and bills ana
corporate stock notes
Net cash payments during the term
amounted TO s1S5.7s2.792, including
st9sl5.419 for expenses of the govern
ment. OF which s3,o5O.s6s was for taxes
N the state. The outlay for pubic I'M
movements of ell kinds was s2l'5s1'SeS'
The report of the current operations
has been supplemented By an addendum'
showing the operations OF the appropr-
atoms for 1910. 1911. 1912 and 1913 and
the experience OF the city during that
,eriod in the collecting Of taxes for these
wears. These tables show. among other
things. that there was saving by the
administration in the authorized appropri-
atoms OF 1910. 1911 and 1912 OF si2.S2i.-
52s which was paid back into the gen.
eral fund.
The tax levies for the four years from
1910 TO 1918 amounted to s576.455,o3s'
The addendum also contains statements
dealing with the amount Of special assess
ments levied against property benefited by
improvements made These assessments
amounted to si5.729,sio. with an addi-
tlonai ss.44s.s7o to be borne by the city
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-06-08
'FARRAGUT' is NEW PHONE
New Exchange Now Open in Old
Chelsea District

There's a new telephone exchange i,
town. in the lower West Side. in the "A
Chelsea" exchange section. "Farrasur-
is the title bestowed by the telephone
company on the newest division. probasl,
because il lies within the gaze OF The
bronze statue Of Admiral Farragut. A
the west side OF Madison Square Park
The new telephone directory contains
numbers Of subscribers listed under thu
new exchange. The latest directory alss
contains 10000 names in New York CITY
and about 10000 copies. weighing l,sg
tons, have been distributed. More than
6 000 names have been added since the
spring edition. The Useful Information
Section" a feature OF the last directory,
is continued.
II gives details OF the Transportation
lines in the city, while the suburban d.
rectory has a similar section, giving pop
ulation statistics Of suburban towns and
their railroad distance from New York
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-06-08
FRENCH CRISIS
WORRIES MARKET
Bourse Likely to Interpret Favor
ably the Elimination of
Rene Vivian.
rBy Gable to The Tribunal

Paris. June The Bourse was De
pressed and nervous last week. serioz
falls being noted in bank shares and IL
dustrias The immediate cause Of ths
depression lay in the compulsory sala
which have been sitting all bushes
initiative. Another bear feature was %
be found in the financial and fiscal pros
poets Of a NiYiani ministry. Rene Viwar
not having abandoned his efforts TO form
a Cabinet until after the close OF satu''
days session. French rentes were vesi
in consequence and coppers and otas
mining securities. together with Russaa
industrials, suffered heavily. but Mexeaa
securities gained several points and rulH
firm yesterday.
The market is likely 10 start well tnn
week on the prospects Of a more noho'
geneous ministry than was promised /"
the Viviani combination.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-06-08
HELD AS COCAINE SELLER
Newark Police Catch Doc"
Frazier and Four Others.

Lourie Frazier. OF Hunterdon St, New
ark. who is known among cocaine users
as Doc" will be arraigned in court to-
day charged with selling the drug.
When arrested he had about $40 worth
OF cocaine on his person and considerable
money the proceeds of his sales, the po-
lice say. Three young negro women. one
OF whom had some cocaine IN her pocket
and William williamson. of Harrison,
who also had some, will face the judge
at the same time that Frazier is ar
raigned.
The arrests were the outcome OF man
datory order by Chief Long, that every
person supposed 10 be trafiiching IN the
drug should be arrested and investigated.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-06-08
Cotton to N. E. Mills.

Fall River, Mass, June 7-Official sta
tistics covering the number of bales OF
cotton shipped to the mills of New Eng
land from the South have just been pub
lished, and they cover period of nine
months of the present cotton year. The
statement shows the increased consump-
ton OF cotton. thereby rejecting in some
part the condition Of the cloth and yarn
markets. The statistics follow:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-06-08
Money Here Still Easier.

None in This city was easier, call
loans renewing at IA per cent after
Monday, when the rate was rs. Fixed
cat funds on collateral security were
available at the end Of the week at
such low rates as 2 per cent for sixty
days and 10 81, for six months.
ENGAGEMENTS of 100000 in gold for
export To Paris during the week
brought the total Of shipments on the
present movement up to s20.5000O0.
With such great ease in our local money
market and demand sterling going to
the high figure Of 4.sSS5 before the end
OF the week. considerable further ex-
ports of gold may be expected.
How easily this gold can be spared
was shown in the Clearing House
statement Of actual conditions on Sat
urday morning a gain of about So
100000 in cash, with deposits only
sl0000000 greater. swelled the surplus
reserve more than 100000 to over
$52 000, 300
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-06-08
Called 10 Fill Stormy Pulpit.

East Orange. n. j.. June THE con-
gregation OF the Elmwood Presbyterian
Church. OF East Orange. has extended a
call 10 the Rev. A. Frederic Dunnels
pastor OF the Highland Congregational
Church. Lowell, Mass. The Elmwood
pulpit has been vacant since December
following a controversy with the pastor,
the Rev. Charles 3. Billiard. and certain
officials OF the church. II is expected the
Lowell clergyman will accept
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-06-08
GrGGENnfrM EXPLORATION co.

lbb bIOduNdFt NV jim 1uile ~, i'i7
QUARTERLY DIVIDEND NO. 80.
The Directors OF the Guggenheim EXplora
ton Company have this day declared quar-
terly dividend 81 three and one-haf per cent
t3iecJ or Eghty-sevon and one-half cents
tS5iscl per share. on the capital stock issue OF
the Company. payable July LIST, 1914. 10 stock
holders % recori al three O'Clock in the after
noon Of June I'm 1914 The books for the
transfer OF the stock Of the Company will close
at three o'clock =. NJ. June 18th and reopen
June 18Th. 1914
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-06-08
YUKON GOLD COMPANY.

DIV IDLNU No. y.
l65 Broadway New York, June Isl. 1914.
The Directors OF Tie Yukon Gold Company
have this date declared a quarterly dividend
on the issued capital stock OF the Company
at the rate OF Six per cent. ,Goc) per anndm,
or seven and one-half cents Gl7cb per share
per quarter designated dividend No. 20. Jay
able June Both 1914. T. all stockholders OF
record az 3 O'Clock T. NJ. June 18th, 1914
The books for the transfer OF the stock Of the
Company will close at O'CLOCK T. NJ, June
18th, and reopen June 18th 1914
TfBMAN ~
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-06-08
EXCHANGE FOR THE WEEK
(Rcprintcd from SundaVs Tribune.

Following Of
last together
net changes OF the week and the high
tho high tho
Total sales for the week, s2oo $4,000
400 a
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-06-08
Wm.ARead Go.
New York
Chicago Philadelphia Boston London
DIVIDEND NOTICES.
BETHLEHEM STEEL CORPORATION.
- preferran STOCK


The second instalment Of ! 4to OF the 1'o
dividend which was declared upon the pre-
ferred stock Of Bethlehem steel Corporation
on January -. 1914. will be payable July
f9I4 10 stockholders of record at 3
o'clock z NJ on June lG. 1914: the third on
october !. 1914, 10 stockholders Of record
Al g o'clock T. NJ on September u, 1914,
and the fourth on January =. 1915. 10 stock
holders OF record at p. NJ. on December
Is 1914. Checks will be mailed.
Dated June .. 1914.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-06-08
Cvclist, Hit by Oar, Dies.

Hackensack, n. j., June Peter Kreu-
ger. sixteen years old. OF South I'd ST.,
Hackensack. who was knocked of his b.
cycle by trolley car Friday died In the
Hackensack Hospital this afternoon.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-06-08
European Banks Increase Loans.

European banks this week show some
effect of monthly settlements. the
Bank of France, with assistance from
gold exported here, added over J2.bD-
600 francs to its gold, but made large
increases in circulation and in dis
counts and advances The expected
government loan is still cause of
anxiety in France, and further accu-
mutation Of gold there is expected
The Imperial Bank of Germany re-
ported similar increases in circulation
and loans and discounts. but lost some
4O,OOOoD0 marks in gold. In England
tn, Bank, despite disappearance of for
eign competition for South African
gold, made negligible gains in bullion
holdings and the proportion OF reserve
to liability was little better than for
the week before and abnormally low.
In this country organization OF
regional banks under the new system
has advanced so that the election of III
rectors is expected to be completed by
the end Of the month. If the Reserve
Board itself is organized and can lay
down preliminary regulations there
seems no reason why the system should
not be in operation around the first of
August. as planned. Under prevailing
conditions, however, ii does not seem
particularly important TO have the new
banking act effective before the end Of
the summer. The Treasury Depart
ment is expected to make widespread
deposits of crop moving money, as I
did last year, and even without this
assistance little chance Of stringency
exists, so great is the plethora of idle
funds.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-06-08
Direction May Replace Control.

If one central body alone had TO he
consulted before Interstate carriers
could put out new issues of stocks and
bonds, and that approval would not re-
quire an elaborate investigation into
the way the roads are 10 do business.
delay might he avoided and delay may
mean that the investment conditions
which the securities were designed to
meet may have been changed before
sale can he made. The law purposed
with its elaborate provision for right Of
search into railroad documents and
correspondence, seems TO intend that
the commission is to direct the opera
ton of the roads, a step toward gov
eminent operation which many believe
to he threatened.
The provision that new securities
must be necessary in the public inter-
est, while vague, might be construed so
as TO check sound financing. 1t should
be possible for the roads TO borrow
against future needs while money is
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-06-08

cheap. and SO avoid the necessity Oh
issuing securities at unduly high rates
Of in,cre-. later. Reckless misuse oil
power by a small proportion OF the ran
roads of the country should not result
~ undue restrictions on all the rest.
Whatever regulations may he finally
adopted il is 10 bo hoped that no'hlns
will do away with the custom Of allow
inr stockholders the preference in sub
scrihing for new stock issues. ta'h
shareholder owns certain proportions
ate interest i'm his corporation. ana put
ting out new stock without giving him
a chance to obtain his pro rata share
of the new issue would Lessen his IN
tcrcst. such deprivation of property
rights would probably not be upheld by
the courts.
Crop Conditions Favorable.
Prospects for abundant crops. the
material basis on which hope OF better
business rests. continue excellent. Lit
tc has been reported to reduce the high
estimates made on winter wheat an"
weather conditions for the spring crop
continue favorable Cotton has heeh
backward. but there Is still time To
overcome tho effects Of the prolonged
drouth in the Eastern districts and the
Cvcraburdant moisture That Is MS
couraCing the Southwest.
So far. however. the brilliant aCri-
cultural prospects have produced lttle
upturn in the nations commerce. Busi-
ness generally seems slaCkening. Stocks
of the big merchants here are held un-
usually low. shortage in many instances
being to the extent of hundreds OF
thousands Of dollars. Such improve
ment as has been reported was largely
from Western centres and principally
confined to movement Of seasonable
goods held back by the late sprins.
IN the iron and steel trade some
slight gain Of new business is reported
but il is scattered ard in no great VOL
ume Pig iron is being bought more
freely. hut production or pig IRON IL At
the low rate of December practically
all the gain Of the industry since the
first Of the year having been lost. Rail-
road equipment orders however, were
placed during the week in way that
promised well for this branch of bust
ness when the rate decision is out OF
the way and the roads know where
they stand.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-06-08
REVIEW OF The
WEEK IN FINANCE
Market Tries to Prepare for
the Railroad Rate
Case Decision.
ANTITRUST BILLS
MAY BE CHECKED
Proposed Federal Regulation OF
New Issues Might Work
Hardship.

Toward the middle of last week
security prices began to harden on an
attempt by the market 10 readlust lts
position SO as to be ready FOR the eN-
pected decision in the freight rate case
Whatever the Interstate Commerce
Commission may decide, traders ne
reve that the outside public is more
likely TO respond to favorable news
with buving if the roads are wen
treated than TO indulge in any furthef
large amount of liquidation should the
commissions decision he adverse con-
tinental bourses were rather heaNE'
with considerable uneasincss about the
position OF Russia. and this checked
tendency toward Cheerfulncss in Lon
don. Europe however, was buyer IN
this market, taking moderate amount
of stocks on Wednesday and Thursday.
The railroad rate increase, so ear
nestly desired as token from the gov
eminent that corporations are TO he
allowed a fair return on funds invested,
was favored by President Wilson as a
cure for such business depression as he
would admit existed. Coming in jan
uary, a favorable decision might have
turned the flood of idle money accumu-
lating in the vaults of the banks back
into channels of industry. AS it is,
however, it is a question how far conf
dence will be restored even by the most
generous treatment of the railroads
while the administration attitude
toward trade regulation is unchanged.
Senate May Check Anti Trust Bills.
The antitrust legislation framed in
accordance with the Presidents wishes
moved smoothly on its course through
the House, but it is possible that ef-
fective opposition will be met in the
Senate. The labor amendment was
passed unanimously President Wilson
explained that he did not consider any
compromise had been made with the
labor leaders and he did not think they
understood the amendment would al
low the unions TO violate the antitrust
law. The secondary boycott. however
by which organized labor can persuade
others to stop doing business with those
who deal with concerns which ii has
boycotted, has apparently been made
legal. Short of violence, the unions, 1t
would seem, are allowed 10 use all
means within their power Of putting
pressure on those with whom they may
have a dispute.
The bill providing for regulation of
security issues by common carriers met
determined opposition from represen-
tatives of the railroads. Many states
already require the roads to submit
their financing plans to state commits
sions, and unless the federal body is to
examine more closely into the way the
funds obtained are TO be spent it would
seem little good would be accomplished
by further REGULATE ton. Federal incor-
poration would provide one rule 10
/ which all the roads might submit. but
as states have grown accustomed to
tax the issues of securities by corpora
tons they charter they cannot be ex-
pected willingly TO give up such a
source of revenue.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-06-08

Totals. 1918, sa65 o. sos aas 2as oil. as
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-06-08

Decrease
The Penn's Grove record., 1914-04-03
Piazza del sisnori.

into the front door of which l stepped
right from the gondola. For the ar
rival of a stranger in a strange city,
it was all preposterously lovely. And
l may say at nee that after nearly a
week here 1 am still TRANQUILITY dazed
with the beauty of the place.
In practically all respects, save that
of comfort, Venice has kept its medic
val aspect. This is due to the absence
of horses or of wheeled vehicles of
any kind. All traffic passes through
the waterways in barges or gondolas.
The narrow streets which interlace
between the canals are used only by
pedestrians, and are spotlessly clean,
somewhat like strips of courtyard of
American fiat buildings, save for the
bright display Of merchandise and the
endless passing of the crowds. To
walk about in these streets is a pleas
ant mystery. They wind ceaselessly,
and just when you think you are
surely coming out somewhere near the
spot you were foolish enough to aim
for, you are brought up abruptly by a
canal with no bridge, and have to ad-
venture some long detour.
Your recompense is that the jump
ing off place at which you emerged
was likely to have given you one more
of the inexhaustible variety of pic
turesque views which will never cease
to draw artists to Venice as long as
the sea tides wash the canals and the
tones Of the palaces stand.
The Penn's Grove record., 1914-04-03
SIR WALTER SCOTS MAN
Faithful Tom Purday Knew Very Well
When He Has a Good
Master.

my good old Grandmother Usher
used to say of Sir Walter: What a
pity so clever a man did not write
sermons instead of novels But to
those who were privileged to see him
in the inner sanctuary of his home,
his whole life was a sermon, and there
he was beloved by all for his benevo-
lence and his true goodness, far ex-
ceiling his greatness" says Mrs. Agnes
Cunningham in T. P.'s Weekly. HE
assembled his household for prayer
at a stated hour every morning, to
which all visitors were invited-often
having a large congregation. His serv-
ants worshiped him, and even the
dumb animals showed a great love
for him, even down to the very pigs.
His much valued servant, forester and
factotum, Tom Purday, was very faith
full, but given to dram drinking and
needless of Sir Walters gentle re-
Dukes. He was told on one occasion
he must leave his service, but replied:
Deed, sir, I'll gang nae sic gait; if
We dinna ken when we've a guide serv-
ant, A ken when I've gat a guide mails
ter On another like offense Sir Wal
ter exclaimed: 'Oh, Tam, Tam, l
could trust you with untold gold, but
not with unmeasured whisky"
The Penn's Grove record., 1914-04-03
DRAW SALARY FOR EATING
Peculiar Occupation of Government
Employees That Is Not Such a
"Snap," After All.

1t sounds like the ideal job when
one hears of getting paid for eating,
but there are two men in Uncle Sans
employ who draw big salaries mainly
because Of this, and they will vouch
for the fact that such a position is by
no means as simple a little thing as a
person might suppose, the Washing
ton Star states. OF course they do
more than this. They investigate into
foodstuffs, prepare reports and do
other things that a layman can hardly
explain. But they get paid for eating
as well. The two men are DR.. c. F..
Langworthy, chief, and DIR. Robert
Miner, assistant, in the bureau of
hygiene of the department Of agri-
culture. These two men have a corps
of assistants who, like themselves,
are required to do plain and fancy
eating. Occasionally a subject is
brought in, under the auspices of
Uncle Sam, and he is placed in a con-
trivance which looks like a cell in a
police station, and is fed and his tenn
perature is taken. Reports are made
as to the effect that the food had on
him. Not long ago a cheese investi-
cation began. Every kind of cheese,
rich, juicy cheese, crumbly cheese,
cheese that was odorless and cheese
that smelled like a political investi-
cation, was brought into the Office.
Doctor Miner picked out a nice, ripe
cheese and cut off a generous slab.
Everybody try some" he urged, bit
Ing into his slice, and everybody did.
For a week the office ate cheese
omelette, cheese %souffle, cheese pud-
ding, plain cheese, baked cheese, fried
cheese and several other kinds of
cheese. The point was to determine
whether cheese could be assimilated.
The office decided that it could and,
inasmuch as some of the hardy work
ers ate six ounces a day without suf-
fering the slightest ailment, the of
fee seemed to be right.