davidaulloa/AmericanStories huggingface dataset:
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-02-03
westchester Avenue Bank.

WestCheSter Avenue BANK a
The Chamberlain said he would he able
20 place approximately Si,400,000 at ;
per cent. $4,000 at - per cent. and
320,0O0,000 at Gig per cent. final plan
as to activ. accounts will be worked
out 10y tn. Comptroller and the Chamber
lain.
1t was pointed out yesterday that Mr..
Bruere IN getting $4,000 additional
revenue from the banks had brought 10
the city more than twice enough money
20 pay the annual budget cost of his of
Gee, which Is $4,000
The banking commission authorized the
Cha mberlaiu yesterday to require, in his
discretion. any or every bank receiving
city money to deposit bonds To secure
such deposits, the bonds to h" approved
by the Comptroller and the Chamberlain
In transferring funds from inactive "a
active accounts removals will be made
frst from the accounts paying the lower
rates of interest. This Will tend
to give stability to the city's reserve
balances. The city, under the law
may not make time deposits. which or
dinarily earn higher rates of interest
Such arrangements are made in n number
OF American cities, notably In Cleveland
Ohio.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-02-03
PROPOSALS.


SEALED BIDS win be received BY tho
second floor. Municipal building. Park Row
and centre and Chambers streets New York
CITY unit. /, \, NJ. on Tuesday, February
.. 1914 for contract lo+ for furnishing de
ivoring ANA Installing gaze ana other valves.
slulCe yates aud Hppuritnances along cats
Kill uqueduct mainly within New YORK city
limits, $50
At the above place and time the bids will
be publicly opened and read. Pamphlets
containing Information for bidders ana
pamphlets OF contract drawings can he OBJ
iaintd al the above address Mt the Secre
,ary's office nv deposit,nR IN" sum OF nvs
do,larS go In cash or It's equivalent for each
pamphlet For further particulars apply
10 the ONCE Of the Principal Assistant En-
elnecr At the above address
CHARLES STR ACSS President.
CHARiE S y CHADWICK,
JOHN F. CALVIN
mmissioners ~ tho BOARD Of water supply
JOSEPH r. MORRISSEy. Secretary
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-02-03
<OkIlt CAROLINA.
PUBLIC NOTICES.

~~~-~~-~~~~>>>~-~-~-"-- ~--~~--~---~---~
MEM ioEE snI,jn.ErEMi". ,couhi, r,N.Sr
App,i, a'lou uLI petition of GEORGE
M'tLEi.LAN, HEEMAN. 4, ,ailyz Allen
sMtfii MolH!.iss R"fE! !t11T i5dEHMN Nf ii
SThhiN, ,W3%pnrK'yI. hAANGGn1,H antt
The chs ot New York for and ON h,har u
sail 'ry. t"f NC aprmr'w"ni "i ,"ul'ls
Laws Of iS5l aul the Various statutes
amsndatory thereof and Implement.
,hers,o rriAllys TO .saNr'9s n, per per
structon, mdlni nance amt "prrau""
an elevated railroad "a WrstcNt-',I Annrnu.
ynrd thence 4. org the ~"uthe.u Rouleyart
to On The Bos,on Hoai thence s."as M n,.'or
Rosa 70 one !s'n1rs Hc ,trdHt snid
easeurn's hay' rot n""' hIl"'n' acquired
BY E, pTrIlsHIE,' Is, s. iili,EiF'T aI,rN ina, mo
Serond Suppl,u.sutn' amt Am"nd"5 Report
Of J19n ! Fr%sdn,"". f%oh ',4irr'G6,
Auprnisai d 'lv appointed IN m, ,no'" 81.
titled proceeding VIII IA Ter"ri ir~ u!iH
ne :s,h Gey q %G."nHGr 'i b. an AZ o. ATE S.
Clerk of the County u Ne" YORK on lne .9th
day Of NqyemosI iSlS3 ,,vr> ,.,. SAT-,
Second Supplemented and Amended Report
VII h. presented for 'unniW"t"u 70 nc Su-
Sueo,al Term thereof Part ~ 10 he he.l n
ne First Judicial pisirir', ut tn" county
Cour, hG1," n ne h9rs"F e.. 9" MS az
an Ial, -, the opening OF court on that
day. aud that then AMI tnere or As soon
tnI r-ast.r as counsel can ue heard thereon.
IA nation wi! be made 'ha' tn" said Second
Supplrmental and Amended Report he con-
'"'F'' " ARGiiIHXTn y WATSON,
Corporu'ion counsel
'''""S en-. y OF m' S.s Sor.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-02-03
FORECLOsURE sALEs.


SUPREME COURT. COUNTY OF new
tee for HENRY BrRDEN. deceased, plain.
tin, against II. EVERETT THORPE, an
others Defendants.
In pursuance Of judgment OF foreclosure
and sale duly made and entered In the
2jth day OF December, 1913. I. the under
signed. the referee In said judgment named
saesroom No. 1915 vesey street. In the
borough Of Manhat'an, city of New York on
noon on that day, by JOSEPH p, DAY, Auc.
tioneer. the premises directed by said judg-
msnt to be sold. and therein described as
follows:
all ALL that 10, q land IN III: the CITY si,, and
thereon. bounded and described az follows:
BEGINNING at point In the northeriy
side Of Thirty-eighth Street distant seventy.
nve feet westerly from he inter.ee'isn Of
and the westerly side of Lexington Avenue,
and running thence northerly parallel with
inches 10 the centre in" ~ the block; theme
westerly along said line seventeen feet
| Avenue and part Of the way through party
wall ninety eight feet nine inches TO the
thence easterly along the northeriy side of
| Thirty-eighth street seventeen feet to the
point OF 6esinn,ns said premises being
Twenty.three East Thirty-Eishth street, and
being those which were conveyed to said
! party Of the nrst part by Maud e. Nicol by
| deed dated February 18th. 1909. and deliN
cred simultaneously herewith this mortgage
{ being given to secure portion OF the con
| sideration named In said deed.
subject to the covenants and restrictions
! as to nuisances and buildings, which arr
contained In deeds conveying the promises
| recorded in the ONCE Of the Register OF
| the County Of New York In Liber 337 oi
J Conveyances page II. so far as said cove
nants and restrictions are legally binding
! upon the premises. and also subject to any
encroschments which an accurate survey OF
| the premises may show.
| Dated New York. January 20. 1914
TOWNSEND MORGAN Referee.
! EUGENE SMITH.
/ Attorney for Plaintiff. Z? Wall ST Y. city
i The following IL a diagram OF the prop
L. l.. M L. =
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-02-03

- Warren street New York
We beg to announce that Messrs, Jesse
ls!ior Stgdus, Percy : Struus and Herbert y
Straus have this day retired from our arm.
l. STR A.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-02-03

- Warren street New York
We beg to announce that Messrs, Jesse
Straus have this day reIired from our arm.
l.. STRAuS 4 SONS
STATE OF NEW YORK. COUNTY OF NEW
We. the undersigned. NATHAN sTRAUs
ana LEE KOHNS ~ hereby certify, par
suant to Section NNI, Article III Of m.
Partnership Law, thai We at cnntuuirg 80
In tho transaction OF the general glassware,
china and crorkery business At ~ Warren
street in the Borough Of Manhattan City
and stat. of New York, and that the tru. or
real full names ~ the persons Intending todcal
under such name. together with their re
specti,r places Of residence. are As follows
NATHAN STRAIS - Nest 72d Street
Lee koHNs. i2I West 7eth Street. New
Dated New York. February End. 1914
NATHAN STRArS.
Per u, Grant Straus
LEE KOHNS
STATE or SEW YORK COUNTY OF NEW
ON ms second day OF February 1874 he.
fore me personally came LEE koHNS to me
known and known 10 me to he one OF the In
,lividunls described Ia ANA who executed the
foregoing certificate, ana he duly aCkuowl.
on the said second day Of February. lsli
before me personally also came VI GRANT
STRAI'S, the attorney Tor NATHAN STRAT'S
10 me known ana known to me to he M
indivldual descrihed in and who M such al
torney executed the foregoing certlHcai, ,n3
he duly ncknoM lodged to me that he executed
Straus therein described and for the nv
poses therein mentioned by virtue Of a Power
OF Attorney duly executed hv the ala
NATHAN STRAUS and bearing date the onJ
day Of February, lelt
Notary ruhlic "a No 9t1G
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-02-03
BANKS ADD $4,000
! TO CITY'S REVENUES
Bruere's New Move Will Bring
In Twice Enough Cash to
! Pay Cost of His Office.
HIGHER INTEREST RATES
Some Repositories \ grcc to Pay
; Per Cent. Instead Of :
on City Money.
HIGHER INTEREST RATES

The city gains $4,000 in revenue for
the rest OF the year as the result of bet
ter interest rates obtained by Chamber
lain Henry Bruerc on its deposits in
banks and trust companies.
For many years the city has received
3 per cent. on virtually all its balances.
or the 100 institutions acting as city
repositories In the last quarter year. all
except five paid . per cent. Nobody
had urged them to pay more. Former
Cha mberains have let the banks fix their
own rates. and almost invariably 1t was
per cent.
Mr. Rruere, acting with the consent. of
Mayor Mitchell and Comptroller Prcndcr-
CAST. the other members of the Banking
Commission. thought the city deserved
more Tie sent letters to all city depos-
had carried for several years and ind-
eating that a higher rate of interest was
desired. at least on inactive accounts.
The outcome IL that OF the 100 insti-
lions designated as city repositories yes
terday, TWENTY-FIVE agreed to pay per
cent. during the next quarter, thirty-one
agreed to pay 2is per cent. and one 90
rer cent. II " likely that S?7 500. 0oA
~ the $50. 600. 900 which the city has In
cash will he returning .is per cent. in
terest or better.
The repositories which agreed to allow
interest at ny per cent or better are
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-02-03

SALE of u = Naval Vessels Sea ed pro-
pnsas VIII be received at tho Bureau OF Sup
piles and Accounts, Navy Department. Wash
lngton, u. g., until ~ o'clock noon, May 4
1914, when they Will he puhlicly opened, for
the purchase OF the following vessels: l., :.
Manila, AT Navy Yard. Mare Island, cal. ap.
praised value 80 0O0 u :, Restless, at
Naval Torpedo station. Newport, II. l., an
praised value 50 600 The Manila VIII be sold
for cash to the highest bidder ana the Rest
less 10 the bidder Offering the highest pric"
ahove the appraised value, Forms of pro-
posal and bond, and Information concerning
the vessels, aud the terms ana conditions %
sale may be obtained upon application TO the
Bureau OF supplies and Accounts. JOSEPHUS
DANIELS. Secretary Of the Navy. i-s7.it
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-02-03

East 3Sth st
The approximate amount Of the ten or
10 satisfy which the above de scr bed
property IN TO be sold, Is Thirty-iVe thou
sand six hundred seventy-six and $500
ts35 $3.50 dollars, with interest thereon
from the ?5th day OF November 1918 to-
gether with the costs and allowance amount
ing to Three hundred nifty -four and 30-lOO
1854 3oi dollars. with interest from the .b'h
Of November, 1913. together with tn. ak
penses Of the sale. Tn. approximate amour,
~ the taxes. assessments and water rates. or
other liens, which are 20 be allowed TO the
purr haser out - the purcht~- money. or paid
BY the Referee. IL fs99 a. ana interest.
Dated New york. January 80 1914
TOWNSEND MORGAN Referee.
The gazette-times. [volume] (Heppner, Or.) 1912-1925, 1914-12-24
Retiring Rural Highway Bonds

the period or term of issue was re-
ported.
1t will be noticed that the total Ok
pense to the community under the
serial plan is somewhat less than
under the annuity plan. The ex-
pense by either method is, however,
considerably less than the expense
under the sinking-fund plan. For
the purpose of comparison the total
expense to the community under each
plan Is assembled in the accompanying
table:
1t is al unfortunate fact that most
highways do not have a life Of 80
years, and 1t Is not quite evident that
the life of the highway and not the
apparent economic term of the bond
should determine the length OF the
loan. Many miles OF natural soil
roads are annually built by 30-year
bond issues. There is usually no
provision for repair and maintenance
charges, and little business organiza-
ton in the county road system.
This practice is financially dan
gerous. No gravel road surface can
The gazette-times. [volume] (Heppner, Or.) 1912-1925, 1914-12-24

a recently issued bulletin of the
United States Department of Ag-
: r%iculture, entitled Highway
Bonds" the specialists of the office
OF public roads, in collaboration with
Professor James w. Glover, OF the
University Of Michigan, discuss in
detail the various methods by which
q community, having issued bonds to
pay for highway improvements, can
most easily meet those bonds at ma
turity.
The sinking fund, annuity and
serial bond plans are discussed at
length, with elaborate interest and
amortization tables, which will en-
able the County Commissioners to
determine easily the amount of
money that must be raised yearly,
as well as the total cost of any given
loan.
The following Is a summary of
some Of the conclusions:
Sinking-Fund Bonds.
The majority Of highway bonds
now outstanding have been issued as
straight terminable bonds to be re-
The gazette-times. [volume] (Heppner, Or.) 1912-1925, 1914-12-24

last oV years, anu apparently the only
road surfaces for which a 30-year
life is recorded are surfaces of far
more expensive construction than are
usually built under the bond issues
reported.
There is a further advantage in the
annuity or serial bond for highway
construction, because it is more like
ly under such a bond that the road
surface will be paid for before it is
entirely worn out. If an annuity or
serial bond begins to mature imme-
diately, this is not considered a seri-
Gus objection among bankers.
From the nature Of the annuity or
the serial form Of highway bonds 1t
is never necessary to issue new or
re~funding bonds at the end of the
term. The main advantage, how
ever, of both of these types of bonds
is that the community saves more
money than under the sinking fund
plan because 1t avoids paying a high
er rate on borrowed money than it
can obtain on money that 1t loans.
Both the annuity and the serial
bonds have the advantage that they
accomplish with one financial opera
tion all that the sinking-fund type of
bond can accomplish. These types
OF bonds are particularly adapted for
financing operations which by their
very nature involve a wasting Of the
property.
A highway is in part a wasting
property and 1t Is desirable to have
established a margin of safety In
highway financing. Railroads fire.
quently issue serial equipment bonds
for a period of 10 years with which
to purchase rolling stock. The
amount of bonds required annually
is carefully adjusted so that the re-
tirement Is faster than the deprecia-
tion of the rolling stock. The differ
ence between the outstanding bonds
and the value of the equipment in
any year Is the margin Of safety.
In the operation of the annuity
bond both principal and interest are
discharged by a series of equal in
stallments, usually ~semi-annual. Each
installment contains interest on the
amount outstanding at the beginning
of the interval, and the balance is
applied to retiring the outstanding
principal on the bonds. The effect
of this method is to diminish steadily
the Investment Of the purchaser.
II. however, the nominal rate Of
interest paid on the bonds is not
greater than can be earned by a
sinking fund such as, for example,
with Government bonds and a few
state issues, the borrower might ar
range to set aside In a sinking fund
a portion of each installment paid,
equal in amount to that devoted to
the reduction of the principal in the
first installment, and the effect would
be to leave the total investment Of
the purchaser undisturbed until the
sinking fund had accumulated to the
amount of the loan.
When the proportion of the INSTALL
ment applied to the sinking fund is
thus taken arbitrarily, the term Of
the bond is absolutely determined
and a modified sinking-fund plan re-
The gazette-times. [volume] (Heppner, Or.) 1912-1925, 1914-12-24

tired by sinking funds. The term
OF these bonds varies from 10 to 40
years, with an average of nearly rs
years. The fund to retire these
bonds Is accumulated by annual In
stallments paid by the taxpayers, and
Is supposed to draw interest con-
ti~nuously and to accumulate a suffi-
cient amount to discharge the debt
at maturity.
The interest which the sinking
fund draws is usually from / to 2 per
cent less than the interest paid for
the loan. Five per cent highway
bonds are common with the sinking
fund calculated to draw 3h per cent
interest.
Objections.
There are objections to the sink
ing-fund method Of retiring highway
bonds. 1t may not be possible to
obtain continuously the requisite rate
OF interest on the sinking fund to
discharge the debt at maturity. The
existence of the sinking fund Is a
constant temptation to municipal Of
ficers to use 1t for purposes other
than the purpose originally intended.
II a county, for example, issues
bonds for a second object, 1t Is easy
to argue that the sinking fund al
ready accumulated may be used to
purchase the new securities and the
finances OF the community are in a
way to become much confused. This
is particularly true since the Off
GERS In charge of such operations are
frequently changing. Sinking fund
tax levies may be deferred through
carelessness or under pressure of
other needs.
The sinking fund always requires
careful attention, because 1t does not
progress automatically in most cases.
It has sometimes been entirely neg
lected. The total cost of a bond issue
retired by a sinking fund will be
greater In the end than the cost of
the same bond issue made by either
the annuity method or by the serial
method.
Annuity Bonds.
BY the annuity method of issuing
bonds both the principal and inter-
est are discharged by constant an
nual or semiannual payments. The
amount of each payment or install
ment Is determined by the term Of
the bond. 1t usually Is necessary to
subdivide the bond Issue into indi-
vidual bonds Of 500, $500 or $1,000
each.
The resulting periodic payment of
principal and interest must vary
slightly because of this adjustment.
The amount of principal retired is
small at first and constantly increases
while the interest charge decreases.
The sum of interest and principal re-
mains constant, and this Is an ad-
vantage, as the tax Is then uniform.
Serial Bonds.
The serial bond differs somewhat
from the annuity bond, because, in
stead of keeping the annual pay
ment Of both principal and interest
constant, the principal alone retired
each year remains fixed. This type
Of bond has become more common
for highway purposes in recent years,
and during 1912 and 1918 the num-
Der Of serial issues exceeded the
number of issues for any other sim
gle given term.
The office Of public roads received
reports for these two years Of $751;
3O0,S19 In serial highway bonds,
which Is over 20 per cent OF the total
county and district bonds for which
The gazette-times. [volume] (Heppner, Or.) 1912-1925, 1914-12-24
Cash Register Bargains

Our prices are about half other deal
ers', We pay highest price for second
hand registers. We do expert repair
ing and guarantee u work. Will ex-
change to suit your requirements.
SUNDWALL CO., sos I'd avenue, Seat
tie, Wash. Phone Main 1850.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-04-10
Beats Russell and Earns the
Right to Meet Jay Gould
for the National
Championship.

Charles II. Sands. OF this city came
into his own by reaching the challenge
round Of the national court tennis cham
pionship tournament on the court or the
RACQUET and Tennis Club. IN West 4Sd ST.,
Yesterday The local man defeated
Charles 7. Russell, OF Boston, by score
OF sets TO J. This entities Sands 10 meet
the champion, jay Gould. in the challenge
round tomorrow.
Yesterdays affair resolved itself into a
contest Of endurance ~ much as any
thing else. Both Sands and Russell had
worked their way through gruelling
matches on Wednesday. Sands being op-
posed TO Pierre Lorillard, OF Tuxedo, and
Russell having 70 contend with his old
rival. W. II. =. HUM. OF Philadelphia. II
was evident that the flve-set match, last
ing as II did more than two hours, took
good deal out of Russell. Sands also
had cause 20 remember his contest, which
also went five sets.
When the men got going yesterday 1t
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-04-10
Sands Wins a SlaShing
Match at Court Tennis

coon became apparent that Sands had
more strokes than his opponent. For the
winning openings the New York player
easily excelled while his volleying was
much steadier than earlier IN the week.
Throughout the opening set SANDS
scored aces OF the tambour and TO the
dedans. After the game stood to In
Sands's favor the local man won the
necessary aces. the decisive one being re-
corded when Russell failed in playing for
a chase.
Russell had all kind, Of speed In the
next set. which he won at games to =
but the unusual effort apparently told on
him. for ne weakened perceptibly there
after. Tho Boston player won only one
single game IN the third set Sands press
ing him so hard that many returns found
the net The grill window, the tambour
and the dedans were trio OF agents that
helped Sands bring about the others
downfall in the fourth and deciding set
When Russell's last hope vanished through
q losing attempt in playing for chase
the clubmen present literally applauded
the winner
The summary follows:
National amateur court tennis championship
final fnatch)-Charlcs r. Sands. Now York,
beat Charles r. Russell, Boston, 50 g.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-04-10
AMERICAN LEAGUE FOR WAR
To Hold Hamilton If It Takes
Every Dollar in Treasury.

Chicago, April e.-The American League
Is ready TO go to war with the Federals
over Earl Hamilton. pitcher OF the ST.
Louis Browns. who Jumped TO the Kansas
City outlaws to-day, according TO Presf-
dent Ban Johnson.
'"rhe American League will stop Hamil-
ton IL 1t takes every dollar In the treas
urv." said Johnson tonight. HE had
signed a most liberal three years contract
with St Louis.
Nothing will be left undone TO check
him In hts unlawful violation OF his con
tractual obligations. Tho incident will
harm the good record OF professional base
ball"
Johnson left for Cincinnati tonight
after conference with ID. l. Reeves, sec
rotary to John X. Tener. president OF the
National League. Reeves will leave to-
morrow morning for 81. Louis.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-04-10
FORM POLO ASSOCIATION
Five Clubs To Be Nucleus Of a
Metropolitan Organization.

Representatives OF five polo clubs IN
this city met at the Montauk Ciuo'
BROOKLYN last night, and formed an or
ganization 10 be called the Metropolitan
polo Association. Those present were
Major G. c. Cochran Brooklyn Riding
and Driving Polo Club; Charles; Lang.
Bedford Polo Club; II. L. Rose. Geegans
Polo Club; DR. f.. Bier, Durland Polo
Club; and Edward Lang, Central Park
Polo Club
Although tho Squadron A was not
represented, IT was expected IL "oulo
seek admission along with several other
military organizations.
Major G.. G. Cochran. the originator or
the idea was elected president 10 serve
for year, while Charles Lang Was
amounted secretary and treasurer.
Grounds have been selected at Kings
Highway and Stilwell ave. Brooklyn
where all of the matches will be played.
1t Is expected that schedule or games
win be ready for announcement next
week
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-04-10
HARVARD RAINS
HITS ON COLGATE
FRYE a Power in Box and
at Bat-Rally Comes
i'm the Seventh.

Cambridge. Mass. April e.-IIarvard
opened its baseball season this afternoon
by beating Colgate BY score OF 7 10 J..
winding up what had been close con-
test for six innings with a lot OF scoring
against Hicks in the seventh and eighth.
The Crimson made thirteen hits. all sin
giles. while Frye. last years left-hander
made a great start, holding tho visitors
10 three singles and allowing only SIX
men 10 reach first base Frye had good
control. nelded we'll and made three hits.
Early In the game Harvard lost chances
10 score by slow base running. How
ever, n run came over in the third on
Watermans single. F'rye's sacrifice and
an error by Johnson, tho Colgate short
stop. In the sixth Colgate tied tho score,
Hicks making n hit reaching third on II
Wild throw by Waterman and coming In
on an out.