The chronicle=news., 1914-07-11


State Insurance Ends First Two
Weeks of Operation-Novel Money
Making Machine Traps Easy
Marks.
New York, July 11.-That New
York will lose nine million dollars
worth OF babies in the next three
months under present conditions is
a statement credited to the associa-
tion which has to do with their well
fare. This figure is based on the
valuation OF a baby at $4,000 and
is obtained by deducting the aver
age cost of rearing a child from
the average earnings of an adult
during the average life time. Large
as the figure seems it marks great
decrease from the previous year for.
on the same basis, 1t has been esti1
mated that Greater New York lost
more than S55,O0O,0OO worth of ba-
bies in 1912, which was decreased
to $4,000, 900 worth in 1918. In
the accomplishment Of this decrease
the city spent only 100000. Even
in the fashionable parts of the city
where rents are high and parents
we'll to do, the association believes
that the death rate is much higher
than 1t should be. After investigat-
ing the factors which led to this
enormous economic loss each year
the spending by the city Of one mil
lion dollars annually is recommend
cd to eliminate it. The greatest OBJ
stacle in the way Of cutting down
this loss at present seems to be the
inability on the part of the poorer
classes, because Of the necessity Of
earning living. and the indifference
Of the wealthier classes. to fnvcsti-
gate conditions affecting child NOR
tality. But the opportunity to save
the lives OF many thousands OF IN
fants and greatly to decrease the
economic loss which now occurs
through unnecessary death. It is
hoped that steps may soon he :aS N
which will give to New York tho
lowest baby death rate In the world
Many New Workers arc studying
the figures OF commercial failures In
the United States during the first
Xix months Of this year as reported
by one OF the leading commercial
Iagcncies. and attempting to deter.
mire how far they are an index tC
the present business situation. These
figures show that during the frs,
ralf OF the year there were S.344
failures reported with total in.
debtedness OF over $1S5,OOO. 900
This is an increase Of about $53.'
100 900 in liabilities over the com.
mercial failures during the first ST,
months last year. But of this ab
normal increase some forty millinr
Is accounted for by large nr,
goods failure which has recently oc
CURED in this city and affected
houses in various parts of the coun
try. Eliminating this one ,aiimr'
the liabilities would amount t.
I$145, ,OOO. 900 for the remaining in
solvenries. For the first six month";
f 1913 there were S.163 similar in
.olvencies with total debts OF $i33.
qO?.O61 For the first six months
II 1912 there were s.31s concern,
Jailed with liabilities slightly ~"
Is1OS, 900. 900. In 1911 the 7OG'
failures showed liabilities of trifl
over $1O3,ODO 900. An aniysis q
these figures according to the us,,a
general classification shows TIA
trading losses not only out-number
I'd any other line, but represcnte
greater liabilities. In the first II
months OF 1914 there were 5.SiI o
these with liabilities OF over $1O2,
400 900 as compared against 57S
trading losses In the first six month
half million dollars.
Wall street. once the greatest bet
ing center of the country nsid
from its stock speculations. is AZ
;, parcntly "broke" At least this
the Interpretation placed by goo
II many people upon the closing OF tn
resort operated for many years b
n Fred Schumm. who had the re7uta
ItiOn OF being willing to bet anyon
d any amount on anything. How man
millions he has held in stakes vi
h probably never be known. but I'll
fact remains that the man who h:
h probably hcW more bets than anyon
lclsc In tho country, finds Wall stree
n 30 poor that he has cancelled HI
lease and is going. away to tn" "ou'
d try. For years past. although h
never exactcd mmission, Scnumr