davidaulloa/AmericanStories huggingface dataset:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-06-30
UNCERTAINTY OVER
C.,H. sd. INTEREST
Non-Payment of Obligations,
Due Tomorrow, May Force
Another Reorganization.

Lack of definite information in the
financial district yesterday concerning
the payment of the interest due to-
morrow on securities of the Cincinnati,
Hamilton & Dayton Railroad led to
reports that another reorganization Of
the property was under consideration.
As the company is not earning its
fixed charges and is already iheavy
borrower from the Baltimore 4 Ohio
for it's current needs it was understood
that any readjustpent would involve
the elimination of the guarantee OF the
S9,2O7 900 issue of refunding per cent
bonds of the Pere Marquette Railroad.
As the Baltimore e. Ohio guarantees
the principal and Snterest on $7,50o,000
refunding Is of the c., II. & D., the
interest on these bonds. IL was stated,
will be provided for. For interest on
other obligations, however. including
underlying bonds and car trust o0liga-
tions. directors Of the Baltimore & Ohio
declined TO say whether that railroad
will supply the money.
The apparent unwillirgness on the
part of the 3. & o. directors 10 come
10 the aid Of it's subsidiary at this time
is believed TO be the result OF the
charges made by Louis d. Brsndeis at
the recent hearings before the Inter
state Commerce Commission. Mr.
Brandsis said that the Baltimore &
Ohio. by the purchase Of the Cincin-
natl, Hamilton & Dayton, had under
taken liabilities Of over s50,000,000
and had received in turn approximately
Sc 600 900 in collateral. Information
of the financial connection between the
two roads. he added, had been with
held from the Baltimore & Ohio stock
holders.
Mr.. Willard denied any attempt TO
keep the transactions between his road
and the c., II. e. d. from being made
public. He admitted that the purchase
OF the c., II. & ID. might have been
unwise and intimated that the prop
erty might be allowed to 20 into the
hands of receiver.
II question very much" he said,
whether the Baltimore & Ohio will be
justified in advancing any more money
10 the Cincinnati, Hamilton & Day
tom"
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-06-30
M'AD0O READY TO
HELP MOVE CROPS
National Banks Asked TO State
How Treasury Can Assist
Legitimate Business.
From The Tribune Bureau.

Washington, June 29.--Queries were
sent out to-day by the Secretary of the
Treasury to the national banks
throughout the United States to ascer-
tain il there is necessity for the gov
ernmcnt 10 deposit funds "to meet the
legitimate demands of business due to
the movement of the crops or to other
commercial causes"
These questions were asked by Sec
rotary McAdoo:
"Does your bank expect to have any
unusual demand for money or credit
within the next six months? Ii so, for
what purpose or purposes?
ITO what extent, in your judgment,
will funds be needed in your imme date
section in addition to what local banks
may be able to supply conveniently and
normally from their own resources
or through the usual accommodations
from correspondents?
During what months between now
and January ], 1915; will additional
funds, III any, be most needed?
"lf, in your opinion, it is desirable to
deposit public funds, as was done last
year, in the national banks in certain
principal cities of the different states,
please indicate when and to what eX-
tent you think it may be desirable to
place such funds in the national banks
in the principal cities in your state,
upon the assumption that the banks
in such principal cities will use such
funds. as far as practicable, for the
accommodation of their country bank
correspondents.
'lf such deposits should be made this
season, please state when you think
the deposits placed in your community
could be returned conveniently TO the
Treasury, indicating the proportion OF
the deposits TO be returned each month,
so that the last repayments may be
made not later than March 1. 1915.
What security commercial paper
! United States or other bonds-can with
the greatest advantage to general bust.
ness and with safety to the government
be given b. the banks in your section
20 secure such government deposits ?"
/ Mr. McAdoo said to-day that he ex-
/ pected that the Federal Reserve banks
will begin business in time TO assist in
moving the crops this fall. but that the
Treasury Department stands ready Ia
help business to the full extent Of its
/ powers through the proper use Of gov.
/ eminent funds"
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-06-30
APPRAISALS OF ESTATES.

MATTHIAS J. PALM LAug. 1G. 1919 net
S2O,C39. Mary Ireischleder. daughter; Mar
gnretba Oster, sister. and Margarcths Palm,
sister-in-lew. benefciaries. Assets: pos East
sonalty. S149.
MnS. ANNIE NJ. KINGSLEY Dec. 81
1912: net. S25Oss. Mrs. Frances X. Hutch
hson. Mrs. Clara NJ. X. Clark and Mrs
Emily *. Baumann, daughters. share equally
in the estate. Assets: Deposits. $1.Go3: notes
and mortgages. SS.5es. and 200 shares Nor
folk & Western pfd,, s174 400.
MISS KATE WARNER aug. IA, 1919:
net, 1929, $50. To Alexander Wilson, cousin,
Is given S133. 439; Home for 1ncurabes. 500
600: New York Historical Society, 500. 900:
Helen Wilson. cousin. $50, 600: Frank Wilson.
cousin. $4,000; John Wilson, cousin, SO ooO,
and Kate Wilson, cousin. $1,000. There were
small requests 10 servants and employees.
Requests OF pictures and objects OF art given
TO the Metropolitan Museum OF Art and the
those institutions. Assets: Realty. 90 and 2s
Lispenard st., $50 600: POS and 2l0 East 10Th
/ St. $4,000; deposits. SS3, CSC; pictures and
personally. $4,540: mortgages and notes.
Si25.S and stocks and bonds, s65, 24i. She
owned olS shares p Il. r. and $4,000 par
value bonds Erie II. r.
! CHRISTIAN +: GENNERICH Dec. Is.
bSi11ins .eI snsi5cS, Iobn ' q GennerIcb
/ Harry W. Gennerich and Charles G. Cen
rerich. sons and daughters, each receive
SIS zoe, Assets: An equity OF S26, 100 In
parcel west side Spuyten DuyVil Parkway at
21Oth ST.. appraised al $50. 0O0 life insurance
and mortgages, S71 OIL stocks and bonds
Sc zoo sock OF groceries. $1,000. and house
hold goods. Los There were beCuests
amounting 10 $1,000 10 institutions.
7 MRS. MINNIE RIIALDO SOLOMON June
1 10. 1879 net. SlJ9 4O7. Joel RinGldo Ed
ward J. Rinaldo. Harry RlnaldO and Milk
Hellinger, children. share the estate, each
receiving one-fourth. Assets: 1919 and 1927
second av S5j. 900. equity OF $4,000 in 1922
600 in 1928 Second av.. valued at S2I, geo; 217
/ East 25th st.. see. 500; deposits. $40. OBS
mortgages and personality. S42. Coz; stocks and
olrN. 81 GO
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-06-30
u. S. EXPRESS co.
WINDS UP AFFAIRS
Contracts Taken Over by Other
COncerns-EmplOyes Are
Mostly Placed.

After an uninterrupted service OF
sixty years the United States Express
Company will retire from the trans
portation business tonight at mid
night, the close of its fiscal year, in
accordance with the plan adopted last
March. President d. |. Roberts seid
Yesterday that all the railroad con-
tracts had been transferred to the
other big express companies and that
arrangements had been completed
whereby Wells, Fargo & Co. would act
as agents for the United States EX-
press Company in carrying out the con-
tract with the government for the
handling Of money.
This contr.et went into effect on
March /. 1889. and was made on the
basis of six months notice OF abro-
CATION. It's terms were complex ana
provided that the express company
should receive 20 cents for each $1,000
of banknotes handled, while for gold
shipments the rate of carriage was an
ascending one from 90 cents per $1,000
to 81 90. The charge on the latest
shipment to the local Sub-Treasury OF
about s26,000,000 was approximately
$4,000.
According to Mr.. Roberts, nearly 80
per cent of the $1,000 employees OF the
United States cypress Company have
found work with the other big express
companies or elsewhere. The remain
ing 10 per cent is made up OF en-
ployes who will be retained until the
company's affairs are finally liquidated.
He also said that between rs and 80
per cent of the company's horse and
truck equipment at all important CEN
tres had been disposed of.
officials of the company will begin
work at once on the final liquidation Of
its affairs. President Roberts said that
none of the securities had yet been sold
and that they would be held until con-
litions are favorable to their disposal.
"We will protect the interests of our
| stockholders to the best of our ability"
he added. "The period required for the
/ liquidation of our assets will depend
entirely upon circumstances"
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-06-30
Approve Nor. Pac. Mortgage

Northern Pacific directors at a meet
ing yesterday approved the eompany's
new refunding and improvement mort
gage, which is to run from July !, 1914,
TO July /, 2047, a period of 1873 years.
The executive committee was author
lied TO sell all or any part Of the
$20,000,000 OF the new bonds to take
up S10,o00,000 one year notes maturing
July and TO reimburse the company
for additions and improvements to the
property. II was reported that ]. p.
Morgan e. Co. and the First National
Bank will underwrite the new issue.
Northern Pacific's new mortgage will
bear different rates of interest. IL is
understood that the amount to be is-
sued for immediate requirements will
be at al per cent.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-06-30
j. B. DUKE SUED
FOR $S,OOO,OOO
Corporation Says Tobacco
Man Obtained Patents
by Fraud.

James T.. Duke, leader in the to-
baeeo industry, was sued in the SUI
preme Court yesterday by the Inter
state Chemical Corporation, which
charges Duke with fraudulently OBJ
tanning patent and property rights and
which seeks 10 compel him to furnish
IS 100000 capital, in accordance with
an alleged agreement to finance an en-
terprise for the production of phos-
phatc.
The Interstate corporation. Of which
William B. Chisholm is president and
which is incorporated in Virginia with
capital stock Of $5,750,000, had ar
ranged with Thomas l.. Wilson, OF OF
tawa. Canada, inventor of n process for
N-oducing phosphate without the use
Of sulphuric acid, to take over his pat
ents and water rights that he had in
Canada.
Duke. it is alleged, promised to pro-
vide four-ffths of the Sl0,000,0OO
needed. Then, the plaintiff asserts,
taking advantage Of the financial en-
barrsssment of Wilson, Duke gave
him $4,000 for the rights for which
he had promised TO furnish $S,000,000.
The plaintiff asks that the tobacco
man be compelled to provide the money
originally agreed upon and that he be
enjoined from disposing of any of the
property he has acquired from Wilson.
When Wilson suggested to CHS
holm a consolidation of interest with
the Interstate corporation, it was
agreed that the inventor, for his pat
ents, laboratories and water rights,
was to receive in cash and bonds &c.
100000 of the assets of the new cor
poration.
Chisholm sought financial aid from
Duke, the corporation erecting an eX-
perimenting plant at An expense of
100000 at Charlotte, n. c. Duke is
alleged to have agreed to furnish not
only the four-ffths of the S10,000,000
needed but also Sl,650,000 for the pur-
chase of property owned by J. B. Hag-
gin, which would be needed for the
project.
1t is charged that Wilson, needing
cash, borrowed $4,000 from Duke and
later, finding it impossible to pay
back the loan, borrowed more money
from the defendant. Knowing the
financial embarrassment of the in
ventor. it is alleged that Duke then
dealt directly with Wilson, giving him
$4,000 for his rights and patents,
freezing out the Interstate corporation
and failing TO carry out his contract
with the company.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-06-30
EXCHANGE FIRM TO OUT
Has Been in Business Since
1868-Due &c Dull Business.

The Stock Exchange firm of Charles
Head & Co., which has been in business
since 1868, will be dissolved on August
l. Charles W. West, one Of the part.
i,ers, said yesterday that the dulness Of
the last three years in Wall Street had
caused the decision to quit. Mr.. West
and Mr.. Borlsnd will join the broker
age firm of Keech, Loew & Co. No an
nouncement was made regarding tns
plans of the other New York partners,
Dexter Blagden, James A. Parker ana
John c. Watson.
OF the two Roston partners James
S. McCobb and James Sullivan---it was
said the former might continue in busi-
ness, but that the latter would retire
The present firm of Charles Head y
Co, is the successor Of three firms, ne
first being Marquard, Hill g. Col. ths
second, Hill, Scott e. Co, and the thiru.
Hill, Head g. Co. Mr.. West, who goes
with keech, Loew ( Co., has been asso-
slassd with the present firm thirty-l"
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-06-30
DANIELS SHES AT
TURKEYS OFFER
Tells POrte's Agent He Must
Talk Turkey" if He Wants
BattleshipS.
lion rhe Trlbune Rureau.

Washington, June 29.-Following the
preparations for the sale of two Ameri-
can battleships to Greece, the Secretary
Of the Navy has been asked if the
United States government would sell
any warships to Turkey. Secretary
Daniels has informed the agent who
approached him that he could give no
answer to an indefinite question, and is
now awaiting a proposal for certain
ships at a given price. The proposal, 1t
is said, did not come directly from the
Turkish Embassy, but through an
American agent.
1t is not probable that this govern
ment will sell any more vessels. In
making his fight for the sale of the
Mississippi and the Idaho Mr.. Daniels
found that the principal opposition to
the proposal was that the American
navy would be weakened by the dis
posal of the two battleships. Not until
it was explained that the two ships IN
question were odd sizes, having a
smaller steaming radius than other ves-
sells, and that the Dreadnaught to re-
place them would make the navy
stronger than ever, was this opposition
overcome. 1t is believed, however. that
Congress would not authorize further
sales. There was some objection, even
in naval circles, 70 selling the Idaho
and the Mississippi on the ground that
to build n Dreadnought would require
years. The authorization for the sale
of the Idaho and the Mississippi went
through as a rider on the naval appro-
priation bill. If proposal 70 sell ships
to Turkey is made it must be presented
as a separate measure, which will have
little chance of passing Congress.
If Turkey fails to acquire American
ships it is possible that she will protest
against the sale OF the Idaho and the
Mississippi to Greece on the ground
that Il would mean a declaration OF
war on Turkey.
The American government will avoid
all possibility Of becoming involved
with Turkey by selling the Idaho and
the Mississippi to an American. The
negotiations have been conducted by
an American agent for the Greek gov
eminent, but officially the deal has
been between an American and the
Navy Department, not between the
Greek government and the United
States. The administration. of course,
knows unoficially that the ships are
going to Greece, but when the time for
sale comes the two vessels will be dc
livered TO the American agent and the
money for them paid by him.
Should Turkey complain to the
United States it will be possible for
this government to point to a precedent
in the sale of the ships. Some years
ago the Turkish government purchased
two ships from Germany. They were
both battleeships, now called the
Kheyr-el-Din Barbarossa and the
Turgut Refs, and they stand at the
head of the Turkish naval list.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-06-30
New Haven Syndicate Ends.

Announcement was made yesterday
that the syndicate which was organized
by j. p. Morgan and associates 10 un-
derwrite $50 000,000 one-year per cent
notes Of the New York. New Haven e.
Hartford Railroad Company, 10000
900 New England Navigation Company
three-year per cent notes and Si0,-
100000 Harlem River e. Port Chester
Railway one-year per cent notes had
expired by limitation. II was stated
that all the New Haven notes. al
but very small amount of the Harlem
River s Port Chester notes and a few
Of the New England Navigation Com,
pany notes had been sold.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-06-30
0USTED, TURNS TABLES
Nyack School Superintendent
Gets Foes Dismissed.

For BUSTING L, ]. Bonner, superin-
tendent of public schools Of Nyack,
Rockland County, Benjamin Demarest,
president, and W. o. Polhemus. secre-
tary, were themselves ousted from the
Board of Education yesterday by State
Commissioner John II. Finley.
When the board refused to reappoint
Professor Bonner he retaliated by
charging the members with unlawfully
collecting fees from both pupils and
the state for the tuition of several out
of-town pupils. Taxpayers then took a
complaint to Albany.
Commissioner Finley's report crit
cises Superintendent Bonner, as well
as the trustees, removes two OF the
latter and orders the village to refund
81 300 to the state, which it illegally
collected for tuition.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-06-30

Mexico has held several conferences
during the last few days over the mat.
ter of meeting the company's inter
est payments falling due tomorrow,
amounting to more than 100000. 1t
was announced that no decision has yet
been reached, but in view of the fact
that the company has no funds it is
believed that the plan used in meeting
the maturites falling due earlier in the
year will be adopted In these cases
notes to the amount of the interest due
were offered the bondholders. The in
terest due tomorrow includes the first
instalment on the $2,460,341 notes is
sued to pay the January interest.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-06-30
Lightning Rings Fire Alarm

Lightning rang the fire alarm Of the
moquette mill of the Alexander Smith
& Sons Carpet Works, in Yonkers, yes
terday. and started the automatic
sprinklers. which did several hundred
dollars worth of damage TO machinery
and stock.
Deputy Fire Chief Baker and six
companies Of firemen, with apparatus,
were called out. but found no fire. An
other bolt tumbled a thirty-foot flag
pole of the roof of the mill.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-06-30
wills FILED

EEBA DUFF WARING MAY 13); 20
George Dudley Warlng. husband. $50. 900
and personal effects Edwin 4. Duff. broth
er. $4,000: Philip Sheridan Dun, brother.
81 600. residue 10 Mrs. Mary =. Dun.
mother. Brewster & FAIRIES attys.
WILLIAM ERSKiNE TOBRENS (June
20). more than $4,000 personal; 20 Grace
Ferris Torrens. wife William ". sage,
atty.
JOSEPHINE W1SNER June 22). more
Than Si00. O0O personal: 10 six brothers and
sisters $3.50 each TO six nephews and
riece, $1,000 each Murray Ingersoll,
uoge & Humphrey, attSs.
EMMA KNIGHT MAY 22): real estate
unknown: personal more than $500: 10
Susan Hilliard. sister. George Z. Miner,
atty
STEADY b. RossITER (June 2N: to
Augusta s. Potter. daughter, real estate
50. go: personal. $500: Floreuce 4. T..
cotton. daughter. real estate. 1920; per
sonai 81. 9Oo William X. Glchrist. atty.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-06-30
[cAdoo Agrees City May
Delay Providing Facili-
j Ties Under Postofice.
RESTS WITH THE
ESTIMATE BOARD
conseat of That Body Alone
Necessary to Settle Long
Discussed Question.
-. rh, rrlLnnc Rureau. ]


Z u...h;n.,on. June ga tentative
3orecment for the proposed grant by
~ s,ovcrnment to New York City OF
s.Swav easement under the United
49, courthousc and Postoirce
aiding in New York was reached az
ronferencc here to-day. the approval
the Hoard Of Estimate and Appor-
Eonmcnt of New York being all that is
On, necessary to settle the question.
Al The conference were Mr.. McAdoo,
xorretarv Of the Treasury; Assistant
teeretaries Charles S. Hamlin and
ron r. Newton. Edward NJ. Morgan,
~ master OF New York; CommiS-
'er Maltbie of the Public Service
nmission. Leroy 7. Hardness, as
tant counsel for the COMMISSION,
"A Doehm and Turner, engineers
kommission; A. B. Frye, the gov
hts superintendent and chief en-
gineer in charge OF federal puildlngs
ia New York. and John G. Knox, AS
sistsnt United States Attorney IN New
York. ~
! Secretary McAdoo gave out this
statement after the conference;
( "Thc Secretary expressed his VIII
ingncss to grant the easement Tor
nominal consideration. as authorized
by the act Of Congress, but the com.
mission asked for a modification OF
that portion Of the Seeretary's terms
which provided for the immediate con-
struction of mail chutes and platforms
the proposed subway where
by mail might be received and DIS
Gtched on subway trains.
"Commissioner Maltbie urged as
Reason for delay in constructing the
hail facilities that the governments
Hans for utilization of the subway for
hail purposes we're not complete. Ihs
3ecretary consented, in view OF this,
Nat the city should not be required to
Install mail facilities in the subway
Ior period of at least two years, and
1niy then at the demand Of the Secre-
5ary of the Treasury, to be based upon
b certificate of the Postmaster General
.o the effect that practicable plan OF
&sing the subway for mail purposes
bad been prepared.
"The proposed changes in the terms
will be J - submitted by the Public
Service C.mmission to the Board Of
Estimate and AppOrtionment in New
York for approval upon the part Of the
city.
AT the conference the other terms
Of the proposed grant were also dis
cussed. They provide, among other
things, that the city will adequately
protect the governments building, in
kemnify the government against any
d all loss whatever arising through
e construction, operation and main
nance Of a subway on the premises
q for providing quarters for the
lfts and postoffiee in New YORK
buld an accident render the building
enable"
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-06-30

solrl Idaho and Illinois at Naples; Patsps-
co at Vera cruz: Petrol at Portsmouth
y H.: Roc at Charleston.
SAILED.
juno aO.-saturn. la Paz for san Diego;
Whlpple, Mazatlan for Menzanillo.
Gloucester: Smith New York yard for
Charleston Cheyenne. HI. H. and H.3
san francisco for Astoria: West Virginia
Guaymas for Ia I'az; New Orleans, Man
zanillo for Acapulco.
June .s-Maynower. Washington for New
York. Mississippi Pensacola for Hampton
Roads; SouOma. Vera cruz for Puerto Mex
leo. via Algarsdo. Prsiric. Vera Cruz for
Annapolis; Patuaent Vera cruz for Cal
weston Galveston. Shanghai for Chefoo;
Palcs and Monooacy Shanghai Tor Hankow.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-06-30
RADE BILL TRUST
! AID, SAYS BORAH
bmmission Authorized to De,
eide, Instead of Courts. on
unfair Competition"

\ Iron The Tribune Bureau
Washington, June 29.-The tolera-
Of monopoly and the attempted
alton of monopoly in the United
S will be the result Of the pro-
trade commission law, according
prediction made by Senator Borah,
idaho, who ended his attack to-day
that measure lie directed atten-
N to that ~ Of the bill which
claTes urlar efair competition
b which a. es the commission
pass judy. on what is unfair
ppetition IN trade.
klready. said Senator Borah, two OF
sppointees of the President to the
y Federal Reserve Board are unde.
as being connected with "big bust
Is" and the trusts" He msntione
names, but il is understood he was
|erring TO Thomas ID. Jones, of Chi
10, director of the Harvester com.
and Paul NJ. Warburg, of Kuhn
e. Co., of New York.
c Of the members Of the Inter
e Commerce Commission, continued
pr Borah, recently confirmed by
enate, has advanced ideas as Ia
Mutation Of public utilities, which
'ried into effect would take mill
,f dollars out of the pockets Of
kQerican people. He had refer
Winthrop Moore Daniels, OF
ey.
r Borah said that he was op.
-Sovernment by commission
IL he time ever came when L
that monopolies had to eX
country. though regulated
pms, he would prefer TO sc,
pm adopted.
MON we are getting read!
etessions to these men witt
q monopolies; we are get
to regulate monopolies
course because we fea
iness," he said.
need" he added. ais
rTouncement that private mo