davidaulloa/AmericanStories huggingface dataset:
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-07-30
A RASH NAN.
Hc Questions or Dccries the Ethical supe-
rIority OF Woman.

To THE EDITOR or THE SuN--Sir: Fee
male suffragists and their supporters re-
fer constantly to the moral influence"
which woman's entrance into the affairs
of politics may be supposed to bring with
u. Aside from their reliance upon an
exceedingly dubious claim OF abstract
Justice" which Ignores completely the
natural functions and mutual response
bslities Of the sexes. this contention APP
pears to afford the sole major premise OF
their argument for the vote
IN II is possible 10 do SO politely, aca-
demically and without invidious asser
tion or connotation | wish TO ask whether
as a matter of fact there is any ground
whatever. even the remotest, for a belief
In tho ethical superiority of woman?
Morality covers innumerabs aspects OF
thought and conduct There are simple
truthfulness of statement and implicat ion.
direct openness of purpose and dealing.
absolute honesty with ones self and one $
associates there are precise recognition
Of responsibility and obligation. complete
respect for law and the rights of Others.
exact fairness of judgment irrespective OF
persons; there are confinement OF curios-
ity 70 ones legitimate affairs, tolerant
respect for Emergencies of opinion. charity
In condemnation of imperfections OF char
acter there are restraint OF emotional
Impulses respect for rational rather than
intuttivc convictions. guidance by recog-
nized principles In place OF underlined
preferences; there are devotion to truth
for tho sake OF understanding, pursuit Of
knowledge for the sake OF WISDOM culti-
Walton or intellect for the sake OF achieve
ment; there are personal modcsty OF de-
pertinent and dress. retcence Of speech
and intimate aUusion. strict regard for
the privacy OF domestic relations. All
these things and a multitude of others are
moral Attachments: In which of them, II
any, is woman the superior of man?
Woman undoubtedly is tho superior OF
man In her enforced attitude of guarding
herself against tho indscrctlons of her
own affections or desires. and In the per
sonal and domestic devotion, sympathy
and other traits which accompany that
Instinct OF motherhood. qualities which she
shares with all undcgenerate female ami
mails OF the higher species. But aside
from these things In what respect is
woman more moral than man? And in
those relations OF her unquestioned supe-
riorfty. is II not true that man far more
ofien, even overwhelmingly more often, IL
woman's protector than her traducer7
FRED MrTcALy.
PLAINrrsLD. N. J., July 20.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-07-30
4 Professional Anti-SaiOOnist on the
souls OF Dist Hers

To THE EDITOR or THE SUN-Sir. The
defence in THE SCN OF the liquor traffic
by Mr. George q. Brown. "A Prcsbyt, rian
elder and n dstlller OF Louisville. Ky,
carries one back 10 the time WHEN slavery
was defended in the name OF religion.
Mr.. Brown thinks that the Presbyterian
Church will be responsible for tho damna-
ton Of the souls of those who are eX-
cluded from Christian fellowship because
they cannot conscientiously accept pro-
hibltion as necessary part OF Chris
tauity."
HUT what about the loss Of tho souls
OF thos. who think that II IL the duty
Of the Church To try to destroy that
which is harmful to mankind and the
souls OF those who die druuknrds who
might have been saved II the Church had
done its full duty?
WILLIAM n ANDERSON,
state Superintendent Antl-Saloon League
~ New York
New YORK July 20.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-07-30
LIEUT.. PORTE GOES FISHING
Enen Bos.i, His "Grentcst rival"
Arrives on the Oceanic.

George T.. A. IIalett American pilot N
the Wanamaker transatlantic flying boat
America. and Lieut. John II. Towers
L S. ~. who has been observing the cN-
periments with the America for the Navy
Department. arrived In New York yester-
day from Hammondsport. II will prob
ably be several weeks. Mr.. Halett said.
before the new hull and engines are COM
pleted and the boat is ready for further
tests.
He believes that the changes IN The
boat will make II successful great
deal has been gained by the experiments,
he said, and nothing has been lost but
time. He believes the chances Of success
are increased by putting the fight over
until October.
Lieut.. John Cyril Porte, British pilot
Of the America, who has been AZ IN" New
York club for several days, left last ''gn,
FOR the Adirondacks. where he VIII
take a rest until Mr.. Curtiss sends word
from Hammondsport that the America y
ready to test again. Lieut.. Porte coula
not make public his exact destination
He will spend most of his time fSmng
he said
Enea Bosssi. an italian aeroplane con
structor who rs building TRANSATLANTIC
flying boat, arrived yesterday on the
Oceanic. Lieut. Porte has often spoken
of Bossi rs his greatest rival among
transatlantic flight aspirants since IN"
death OF Hamel but Bossi II not a can
didate for tho Lord Northclffe soo"Vo
prize as the course he considers tho na.
lies from South America 10 Africa m
Northcliffe prize IL offered for ngn'
from North America 10 the British Isles
Bossls machine Is similar I'm design 20
the America II has a sixty foot spre"'
and is equipped with a single goo horse
power Rlamson motor. Tho wi'g spTe"'
OF the America is seventy-s!N feet
Bossi, who Is the Italian agent ~ WV
Curtiss Aeroplane Company came hWe
consult Glenn H. Curtis5 at lI-wn'hur
port. He will return to Italy IN a., ,t.
DAYS. he said. on account Of the war w
In building six aeroplanes for S'NH
nyhich ,nuSt no rushed
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-07-30
Ing all the sources Of supply. Just as the


sullivan law sent the "gunmen" to New
Jersey for their armame the Boylan
law sends the drug fiends thither for
their dope" There Is very severe
law over there covering both physicians
and druggists, but 30 far there IL no
crusade. No doubt the higher minded
doctors and dealers will reject all APP
proaChcs by victims of the drug habit.
but there as here there will he CON
scicnceless ones who will pandor TO the
evil If the price be made high enough.
Resides, the illegitimate traders, the
outlaws, driven from New York, will
take up their quarters temporarily
across the river and invite their pa
them. II will hardly be possible to
search every one coming from New
Jersey into New York; caution will
develop and the law will be TO some
extent rendered nugatory.
The war, II It Is to realize Its pur-
pose. will have to be greatly broadened
in It's scope. New enactments, new re-
strictions, greater energy OF action
and rigor Of penalty must he constantly
resorted TO, Mt ever increasing expense.
Assuredly me result will Justify the
effort II cleanup can be made. But
those who undertook the work In light
ness Of heart must realize by this time
the Immensely difficult and dlscourag-
ing character OF the task.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-07-30
\ Verse In Isaiah.

To the EDITOR or THIN SUN-Sir.
have made the statement TO many people
and some of them pretending 10 be
Biblical students, that there Is an an
junction IN the Scriptures against build
ing cities, but they were always kceptical
about II until read IL 20 them. !; may
be found IN Isaiah Y. s:
Woe unto them that join house to house
that lay field TO Held til there be no place
that they may be placed alone in tho midst
NJ the earth.
! wonder II Horace Greeley had that
passage In mind when he said: Go West
young man, go West :"
AWSuToN II CARMAN
IArCltoGUE, l.. L. July 20
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-07-30

Here Is our esteemed contemporary
World Speech again, celebrating that ac-
complished international language Ro.
which Is las easy for tho japanese.
Chinese or ITindus az for tho Latin or
Teutonic peoples" No doubt; and as
easy for us AZ japanese. Chinese. Etrus-
can and Basque. But listen to hit OF
Ro dialogue:
"Gi tada, aci nav? GOOD morning.
how are your
"Sto e.. abb lie. tThank you, am
well)
Act We resk abc1 tpo you understand
me?)"
We do not but api mugcal hab
awoz mebu7 How many legs has a
lobster?
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-07-30
woWan's Daring Clint

Passengers who leaned over tho rsu.
OF the big ship while she was In Qu.r,n-
tine and looked far down at n. lt,,I.
revenue cutter bobbing nj her ga. ~.
a cookie shell were interested in tho cl,,rh
OF young woman up a slantlnr add,
INTO the liner. She is Mrs Erres, I
Draper. daughter OF Mrs. William y
Childs, and she got permiasion Ia ho. "a
the Vaterland down the bay b.r.u.s a,
the indisposltion OF her mother NJ.
Draper did not TO TO Quarantin, IN m.
revenue cutter. but boarded her ,h.,.
from the motor boat Joyance 81. ,s ~.
first woman in several years. cXcen,
moving picture actress. who has ver,u,..
up ladder 20 a liner
Commissioner Eva Booth ~ the salve
tion Army. who has been attending ina
salvation Army congress in London ss,s
the gathering helped more than any o.h.,
convention to unity the forces of IN.
army. The American contingent rredoml.
mated In the congress. hut made no EFFORT
at display.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-07-30
'YATERLAND BRINGS
MANY FOLK OF NOTE
Innovation Brought About h,
Theatre Headliners at
Concert.
ACTORS FUND GETS HALF
Eva Booth. Minor G. Keith and
Robert Graves Among the
Passengers.

The in1ux OF Americans Who H,.o f.,,
wandering in Europe began m e,,e..
yesterday with the arrival ar tho r.,n,a
Hamburg American liner Natcr'ari 49,.
brought ls2 saloon voyaEers Zoo ..,t..
many noted folk. particularly b., a.,
theatrical line. and for thu first time IN
the history of sea benefits hair f.c ,r,r,'
collected at the concert. which WAS yr..
on Tuesday night, went e. IL. Aa,,.,
Fund of America
The result was as fine show ~ go.
has been seen anoat. the talent .r1,dr,.
sam Bernard, Ryan and Tinney. Men
Ellis. sylvester Schaffer. Al Ioson s,l
Brandon Hurst. The Actors Fund u.U'
get s52o and tho German sesmou chsrl.
ties the same amount.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-07-30

Most likely / W. w. leaders and other
promoters of disorder Will give larry
town wide berth in future. The cuun-
try air Is not good for them, especially
as they are TO enjoy It chiefly on Black
wells Island. II will be observed that
ALEXANDER BERKMAH, who stirred up all
the trouble, or at least was a sharer in
the glory" of 1t. goes scot free while
seven Of his associates suffer tho joys
OF martyrdom. II will be interesting TO
note whether this immunity increases
his popularity among the faithful.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-07-30

At the first signal OF war the swift
aeropanes OF France. loaded with bombs,
would dart across the German border
By hundreds.-London dospdich
Well. we'll leaving out Of consldera-
ton the expediency of fiocking or dart
ing over the line loaded with bombs"
without the support of French armies
is there not a disregard in this speclila-
ton OF tho resources of Germany in
aeroplanes and drigibles7
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-07-30
Eat One Another,

To THE EpIroR or THE SUN-Sir' Eat
one another. az the law OF tho earth. Is
the conclusion I have arrived at from a
perusal OF science, Man successfully
combats this law by civilization based
upon experience. This IL tho lesson of
evolution.
Fat one Another" but what IS the use
when "a few lines In THE SUN will give
this key to all conduct national and m
diyidual? LUIS JACKSON.
UPPER MoNTCLAIR, y. j.. July 20
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-07-30
CASE TO TEST WoRKMANS LAW
Employers Claim Fainter h''''"
Was Independent Contractor

An important case was prosecute ''
Workmeu's Compensation Comm .'-.'. %
Yesterdays session, but dt'ls'. ".
not be given until nest wcrb '.''
Rhenwald. "A sign painter Wa
while at work for the Builicrs i
Supply Company I'm l72d s''"
Bronx. His widow, who Is l"i' w." wv
children, filed Il claim ou tho gr"H
he was an employee ~ the r"nN
Tho employer and the ineurdu'
pany maintained that he Wa ="
peudent contractor and az such "a .' ~
included In the employers liabOity '7'
commission instructed both sides '' '''
sent briefs OF their case.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-07-30

Uncle IKE STEPHENSON in announce
ing his retirement from the Senate at
the expiration of his present term says
that eight years in Washington are
enough, and that he IL satisfied with the
honors bestowed upon him. Yet he a.
hale and wiry In his eighty-siXth year
Into his decision 10 retire there may
have entered an apprehension that he
could not cut much of a figure in the
Wisconsin primaries.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-07-30

sweet Singer OF Lyndonville, having sung
his swan song with, az Dryden expressed
IT,
Vocal voice, most vociferous.
In sweet vociferation outvociferinE
Even sound itself.
now apeth the Great Chrononhotontholo-
gos himself Alas. poor John! His cogi-
tativc faculties Immersed In the coglta-
humidity Of cogitation. he draweth out the
thread Of his verbosity finer than the sta
pie OF his argument. Yet It's not that
Loves Labor's Lost. for saith he. even as
Holofernes. the gifted logomachist. hath
said before him. TITS IA gift that / have.
simple, simple: n foolish extiavagant
spirit fun Of forms. fig ires. shapes, objects,
Ideas, apprehensions. motions revolutions
These are begot in the intricate memory,
nourished in the womb OF pia mater, and
delivered on the mellowing occasion :"
But THE SUN was right so why prolong
these verbgyratons?
Say, orontlphosoophorno, where
left you the Gyanousa? What is the
spizzerinktum? And, how about the
cider? SYNrAc11crrs Docrop
New York, July 30.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-07-30

amer NhtSIIdilu' from ithfnDurg, SOUTH
ampton and Cherbourg:
Milton Aborn. Mr. and Mrs Walter
nr. +. VI. Aln-worth, r. Jones
Howard A. Barrows. Baron and baroness
John 4 Barrow.. Won Rachus Iuet,ritz
Henry White Cannon. Col. and Mrs Mar
Mrs. W. l. Chandler. gerun.
Mr. and Mrs. II. s. Mr. and Mrs Percy
thilds Mitchell.
Mrs w. y. Child. Mr. and Mrs william
William II Crocl!er. II Phelps.
Mr. and Mrs c b Baron G. Won Pnurk.
:, Dillingham;. Teienau,
Peter noclser. Mr. ana Mrs. Percy r,
Dr.. and Mr., NJ. o. Nj MN and Mr.. Samuel
Nj an. Mr.. Robert II Z 'i Raymond,
MIS-. i. F. Harper A sch nI Tr' sylvester
E in S.l missin. NJ ,; ana Mrs Jacob
Mrs. Rutherfurd stuy- William sohme,.
M md Mr.. Rooer. NJ Bus tam %f'' Jacques
j. Collier Marcus Braun.
Mr. and Mrs Minor c. Mr. and Mrs, Frank
comnisr Eva Booth. Baron De Patterson.
Mr. and Mrs A. I. Mr.. and Mrs. Richard
Jolson Croker, Jp
Miss G. B. Post.
BY the While Star liner Oceanic. from
Southampton. Cherbourg and Queens
town:
p R P!ddie n.n Mr.. aud Mrs. Frank
Miss Christine Rddle A. Messenger
Mr. and Mrs. W. n. Mrs j. G Munro
Baldwin. Gerald &. Ph,lbin.
Mr.. and Mrs Earle Mr., and Mrt & B.
William Campbell Mrs c. j. Stafford
M and Mrs A. d Lieut.. 4. g. vensble..
Crosby NJ p Mr. and Mrs, bradley
r. De FIore; v...,.... Mi. Mercede. d.
Mrs Nelson 5. Groome Miss Marie l. de
Mrs Louise r. Hem. Flores.
ingNay. Enea Bossi
BY the North German Lloyd liner Kron-
prlnz Wilhelm from Bremen. Southampton
and Cherbourg:
Col and Mrs James Rishop Henry Josef
a.. Campbei Mchter of Gram
Lawrence Curtis j II Roger.
G. ; nodge. Charles stewart Smith,
Mrs Thomas Flag john McClary Steele
Mr. and Mrs. Lathrop George Tyler
Colgate Harper q. r. Vail
Sailing by the White Star liner Rlltic,
for Queenstown and Liverpool
The Rev. Martin An Mr.. and MIR, Robert
stsy. : Chaplin.
Joseph l.. Barbour Capt and Mrs Rober,
Mr. Elizabeth c Rel II. Fletcher
Mr. and Mrs F p. Merrill "
Nr and Mrs Tyler Kenneth Il, Somervile
Cook Bronson Edwin Wilson.
Dr A, H. A, Mayer,
by tho Scandinavian American liner
IIeIlig olav, for Copenhagen;
Sf r. t,s M Dandy So' a Hi'r mr.. r'fi'''
Charles ", Mcclure
ny the HAMBURG American liner presi-
dent Grant for plymouth, Cherbourg and
hamburg
pr and Mrs Below. senator and Mrs Henry
Mrs. Kathryn Bradford = Velte
Prw1t , nmd Mrs James u o eodInc .u,
Ry the Uranium liner Campsnello for
Rot, rdam:
Or and Mrs W II Clarence, b. Day
Arnold Mr.. and Mrs George
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-07-30
! have reached the conclusion tn

have reached the conclusion that my
IDEAS of the vice question have been
wrong. have no hesitation now In
subscribing tn the general Indictment OF
the segregation plan-Mdyor CARTER H.
HARRISON OF Chicago
II anybody should understand cond-
lions in Chicago by this time II is the
son of his father. The second HARRIsoN
like the first, has the courage OF his
convictions
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-07-30

have not sought the nomination 80
Uncle joe CANNON.
. No, it may be forced on his innocence
by the Republican voters of his Con-
gress district: but he Will reluctantly
accept. Scapcgoat that he is, his return
TO Washington would add to the gaycty
OF the nation and perhaps not notably
diminish the stock Of public virtue.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-07-30
The Murder CrOp.

To THE EDITOR OF THE SuS-Sir. one
sensational murder after another nils the
newspapers these days and In nearly every
ease the chances appear bright for the
murderer or murderers getting OF What
a blot on our boasted civilization.
NEW YORK. July 20 HELpAM
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-07-30

London orice. Bingham House / Arundel
street. Strand.
Paris orir.. Rue do Ia Michodiere, on
Rue du Quat=e Septembre.
Washington ONCE. Hibbs Building.
Brooklyn ONCE. 106 Livingston street.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-07-30

Russia aione can put 5000 900 to
100000 men In the field. and Russia
would make far different showing
than she did In the war with Japan
General NELSON A. MILES
In view of the fact that General
MILES predicted a triumph of Russia
over Japan in Manchuria he can hardly
be accepted as competent authority
in the present instance.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-07-30

~ our friends uho favor ns 10Th manuscripts
end Illustrations for publication rlsh 10 haze
reJectcd articles returned hev must IN oil cases
sesd stamps for that purpose.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-07-30

knicker-How are the Smiths getting on?
Bocker--The neighbors hope TO locallze the
conflict to Smith and his wife.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-07-30
subscriptions by Mail, Postpaid,

Readers Of Tue suN leaving town for the
summer months can have tho daily and sun
day and evening editions delivered to them
ia any part Of this country or Europe on
the terms stated above. Addresses changed
as often a. desired. order through news
dealer or directly Of Publication once. tele-
phone .2OO Bcckman.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-07-30

Published daily. including Sunday. by the
Bun Printing and Publishing Association at
40 Nassau street In the Borough Of Man
haitian. New York. President and Treasurer,
william c. Reick. 40 Nassau street; Vice
President Edward r.. Mitchell, i7O Nassau
street; Secretary. c. l.. Luxton. 10 Nassau
street.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-07-30

"St. SwITHiN was a grand old Wet It
rains ev'ry day and IL raining yet" II
II isn't, II will.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-07-30
THE SEAGOERS.
NsterIand and Oceanic Bring Large
Lists-somc Dcpnrtures

Arrivals by the Hamburg Amc rican
liner Naterland, from Hamburg. South .
atnpton and Cherhourp.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-07-30

All checks. money orders. &C. to be made
payable to Tue Sun.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-07-30
THESE BE HITTER WORDS.
old Reliable Dr. syntax Heads q Pro.
cessiOn or POIysylIables

To THE EDITOR or THE SuN-Sr: The
Sweet Singer OF LyndOnville, having sung
his swan song with, as Dryden expressed
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-07-30

NIssrTu NJ LovArsa.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-03-06
E. & O. BREAKS ON
NOTE REPORT
Believed That Expenditures Re-
CURED by Bankers May'Cause
Dividend Reduction.

Formal announcement yesterday that
the Chesapeake & Ohio Railway Com
pany had sold TO Kuhn, Loeb & Co and
the National City Bank 100000 notes,
accompanied by rumors that the new
financing might be followed by a reduc-
ton I'm the company's dividend. caused
the stock TO break TO 6sis, a decline OF
80. points from Wednesdays closing price.
Yesterdays last sale was at 5ss.. loss
OF 5is
What led Wall Street TO believe that
the present per cent Chesapeake & Ohio
dividend rate was in danger was the pro-
vision in the note sale agreement with the
bankers that the road must during the
life OF the notes, which mature on June
/. 1915. spend 100000 in improvements
out of earnings before any disbursements
were made 10 stockholders. In this re-
gard Chairman Frank Trumbull said
There is no requirement for changing
the dividend policy of the Chesapeake 4
Ohio II stipulated amounts are earned,
and under the note agreement the first
determination Of this can be made after
the fiscal year ended June so. 1910. Inc
requirement for that year for per cent
on the stock and 100000 to be devoted
to capital expenditure, aggregatns only
about $4,000, the company expects TO
earn. The company earned in the first
seven months OF the current hscai year
nearly the full per cent now being pa'd
per annum."
The 100000 notes sold yesterday are
part Of an authorized issue of AO'OWWP'
the remaining 100000 OF which viii not
be sold prior to July 1, 1910. without the
consent of the bankers. An UNDERWRITING
syndicate IL being formed, and puolc
offering OF the issue will be made at ~,
to Weld $40 per cent. The road received
es for tbs notes, less a commission to tho
bankers.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-03-06
PRESENT CASH NEEDS
approximate

FIRST: A very large OF moncyestmated be the
ncgborfood OF $200000w be required by July l next TO
maturing floating indebtedness including
s0OO due the Railroad Company and interest
provide improvements equipment and better
establish normal working fund for the Chicago Rock
Island & Pacific Railway Company the operating II IS
estimated that cash hand and for the period will
gregae S80OOOG0 applying for
loan for 00000 against securities
the Companys treasury It hoped and believed that such loan
secured but there will then remain SOoOOO be provided
between and July st 1914
provision the dividend due May
M stock Of the Chicago Rock Island Pacific Railway
Company kd collateral for the ~ bonds OF the Chicago Rock
Pacific Railroad Company due 202 and in the judgment
this dividend should not be paid statement
of these requirements furnished by the Comptroller Of Feb
ruary 1st, 1914 is enclosed.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-03-06
TOPICS OF THE DAY
IN WALL STREET
Chesapeake& Ohio Finance
Proves a Mystery to
Stock Traders.
DIRECTORS DECLARE
DIVIDENDS ARE SAFE
e.oct Sells Down More than Five
points-Baltimore & Ohio
Under Pressure.

u.hsther the peculiar PROVISIONS OF ''e
,.oake A. Ohio note financing fore
.so,ed a reduction in the dividend rate
was something that Wall Street
,or hours Yesterday TO discover. by
~. cloee Of the stock market session
- the traders had given il up. pro-
-. themselves unable even 10 COM
.,ord Chairman Trumbulrs supple
-, statement Of explanation. The
- ,hing that appeared plain, however
,,ot to make sure OF selling the notes
~. oo,nnanv had had 10 bind itself to
NJ, before dividends hxed charges OF g.
- ono In the year ending June go 1915
20 400 no IN 1916, and 100000 in 1917. 1913
"a 1910 In the five years ended with 1913
-. co,nonv earned an average of A22O-
90, balance available for dividends. If an
ovsrace of per cent had been paid on the
s,oct IN those years there would have
s.,r left an average Of $1,70sA2 for sur
.l,s Tn the first year Of the new plan
IN, company is bound to set aside S~''-
no before dividends. so that traders, with
heir imperfect knowledge of the details
yes,erdav. we're inclined TO regard the
directors plan as sort Of triumph OF
hone over experience. Consequently,
cb.sapeake & Ohio stock, which had
closed wednesday az 6S7s' closed on
Thursday at 5Ss4.