davidaulloa/AmericanStories huggingface dataset:
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-09-25
M ADOO TO EXPOSE
STATE BANK HOARDS
Calls on superintendent to Co.
operate With Him in This
Emergency.
WILL ASSIST TENNESSEE

w.surSGroN, Sept 2i.--Secretary Me-
Adoo followed up his rema rkable charge
that the banks OF many sections are hoard
Ing their reserves 10 an "unpatriotically
high percentage" with two additional state
ments to-day.
In one he gave the text Of n telegram
that he had sent to Superintendents ~
Banking IN various states. asking that
they furnish tho Treasury Department
with a statement as to the cash re-
serves Of the state banks. 30 that these
might be published along with the lists OF
national banks which are boarding thei7
reserves.
II IL believed that by publishing tn q
list and thus directing public attention
TO the banks which are piluT IN reserves
tho Secretary hopes to combat the exist
Ing stringency
In his other statement MIR. McAdoo
dealt with the. inability OF the State Of
Tennessee TO n6at a loan OF 81. 400. 900 on
shor, term notes. He declared that It was
prepostcrous that one OF The great STATE
OF the Union, which Incidentally Ia tn"
state II Mr. McAdco's birth. should End
IL Impossible TO ge- such comparatively
small amount Of money
The Secretary announced that n an
attempt being made IN New York by SEN
ator Luke Lea and members of the com
mission representing the state failed 20
obtain the desired loan, 81 will myself sec
II banks cannot he found TO take up this
loan"
President Wilson at his regular con
ference with the newspaper correspond
cnts tS.- afternoon said that Mr. NcAdoo
lad read him the statement Of YESTERDAY
.r rpsard to banks boarding money he-
fore It was made public. and that he was
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-09-25
WANTS TRADE BOARD TO
PRY into STANDARD OIL
senator Gore Offers a Rcso1u-
ton for Investigation of
the Corporation.

WASHINGTON. Sept ga resolution
outlining work for the Federal Trade Com.
mission. to la taken up AZ soon a. that
BODY IL organized was introduced I'm
the senate to-day by senator Gore NJ
oklahoma. who wants an inyes.ip,tio,
"t IN" standard oil Company. Tho r,ao
luton was objected to and went ova.
until tomorrow under the rule, II
directs the trade commission To i,vos,i.
Git" the standard oil Conpsny Az 10 IN,
following matters.
u The relation now existing ouopy
the several branches or compnnlrs into
which the Standard OF Cnmpauv ga
resolved hf'cr la dissolution IN pursuance
OF the decision of IN, supreme Cour,
:. The relation hctwc,n the producirr
purchasing, transporting and refining
ds'h''"s NJ III" STANDARD OF Compsny
or ". branches. and the methods and
prdrtice' on ia" part OF such agcuc "a
toward the iud"ryrd'nt producers, trans
porters and r'nurrs OF oil.
20 The efforts " thu Standard on
company OF the companies into which
it was divided o. control the price nr
crude oil and tho price Of its refined
products as well as the results OF such
Efforts
81 tn" capital and declared dividends
or tho standard ou Company for thros
wears prior q" dissolution, and as To
tho capital and DECLARED al, ldrrds of
several companies into which II Wa re-.
solved since the date OF its dissolution
together with comparison OF such
earnings With the earnings ~ indrpend-
cnt oil refining companies"
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-09-25
CITY NOTE PREMIUM HIGHER.
As High ss 10. Paid-AIIotm-pt
Arc sent out

New York city notes OF three wears
maturity sold yesterday as high rs lO2.
an advance OF points on the Offering
price. Most sales. however. were around
lol i.-l0ias. The notes were In large
demand. Tie closing bid and asked prices
were ioi y and 1918
The allOtments were sent out yester.
dag. No official statement Was made re.
gar Hing the method OF allotment. but Il
is understood that small subscribers and
forcigns purchasers got all they asked for.
The sife Of the subscr ptlon was not
stated Officially. II la estimated that the
public subscription was between tvn and
three times the amount offered OUTSIDE %
the banks. making the total subscription
between $3.50 0o0. 000 and 5000. nno 900
The foreign subscription was sun.Nha,
loss than hoped for. amounting to about
$4,000 900
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-09-25

~, il has reduced" said Mr.. Payne.
"s the volume Of American exports and
the balance OF trade one time vastly In
favor Of the United states to the vanish
!ng point"
Mr. Payne reviewed the CONGRESSIONAL
Pocord for April - and 20, l>as. when the
h'~uish war revenue bill wa pending In
'.. House, and quoted from Mr. Under
woods speech in opposition to that
Measure.
"Thc gentleman from Alabama" he
fud Then opposed the very stamp taxes
watch the Democrats have rewritten into
TITS bill on the ground that they were
framed 10 bring pressure upon the poor
man, the professional man, the artisan
and the farInsr Now ! suppose that the
tnHss. Identical with those of 1898, fall to-
day upon the rich"
The House adjourned at 8 40 after eS-
h1usting less than two and "A half hours Of
'1e seven hours allotted for unlimited de-
itt4 Tho bill will he the first business
'otora the House tomorrow and IT IL the
J ,pe Of the Democratic leader that vote
vii be taken not later than O'Clock.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-09-25

or short term notes maturing October {.
ana the state desires to renew or eN-
'cnd Si.foo0o0 of these notes that a
commission representing this state has
been IN New York for some time trying
70 effect this loan. hut without success.
III ~ prcpUstcrous that ono ~ the
great states of the tnion should fiud 1t
impossible 70 procure from the banks
such comparatively small amount OF
money. Senator lea informed me that
h. was going to New York last night tor
the purpose Of Joining the commission
~ rs III lrts to- secure tho needed loan.
III Senator Lea and his associates are
unable to procure from banks in the city
OF New York or elsewhere to-day and
upon reasonable tcrut the desired loan.
/ will myself sc. II banks cannot he
found to take w this loan for the state
~ Tennessee pu the frat Of october next
upon reaS rablc terms and A. reasonable
rate of interest"
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-09-25
MORE GOLD BARS FOR ENGLAND.
Ro,ni Wall Liner Uring- s.bO.OOO
In Metal From Colombia.

Tho Royal Mail liner Magdalcna In
from Falmouth and Colombian and West
indian ports brought $4,000 In gold
bars from Colombia Tor transportation to
England and a large Quantity of iodine
FOR u.s. los the British Red Cross
purscr g. W Harry said that the So.
lcnt was hl''d with twenty -seNrn miles
OF ships Of all sorts when the MaCdalcna
left and that FIVE Of the best vessels Of
the Royal Mail Lac had been requisi-
toned bS the Government. three for
carrying Territorial troops 70 India and
Egypt to take the place OF regulars sent
20 France and two for hospital service.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-09-25
TENNESSEE'S HUNT.
seeks N"uc, without Rcing Forced
10 IaN Per Cent.

senator Luxe Lea Of Tennessee was
one ~ tho busiest men IN the financial
district yesterday tr,iuE to yet financial
aid for has state. Mr L"t dc1.ued 70
comment op the statement made Ivy Score
tIrv Mc\dup .u Washington Inc regard
10 Tho raising ~ the loan for Tennessee
The :, ttpr merely ~uul,d
The luaI houses tu1' have done Te.-
ues,co.s financing Ia The last several years
ARE iolth to take ON new obligation. IN
these days oi t'ht money II is under.
stood that 10Th short ~ an per cent
basis Will interest them. The Tcnnrs.
see funding board considers such an In.
'-rest charge 800 high.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-09-25

The telegram which Mr.. NcAdoo sen;
to the state superintendent OF BANKING
to-day was:
Reports now being received by the
Comptroller Of the Currency from 1H-
tional banks throughout the country indi-
cate that a money scarcity is being uc-
casioned In large measure because of the
boarding OF funds by many national
banks, which are carrying reserve In
some cases two or three times as great
az required by law, and also shat credits
are being restricted and excessive ratios
" Interest are being charged To- Gus
toners
There ts at this time moro currency
In the country than at any time iu i'9
previous history, there having been is.
sued through the Treasury pepartmctt
since August I moro than $500. 0C0. 600
Of additional national bank currency,
which together with tho relaxation iu
business should create an abundance Of
i1auohle furds
This Department viii withdraw Gov
eminent deposits from banks found to be
boa rdt-g money and charging excessive
rates of interest and will redcposit them
with banks whose funds are tet"g loaned
10 reasonable rates To- meet the iugif i'm 'c
demands or business and for moving th"
crops
This Department would like very much
TO have your pcrdtion In Us efforts
30 remedy this unsatisfactory condition.
and respeCtfully asks ~ IL would not
be possible for you to secure from all
state banks and trust companies IN your
state statements which VIII show their
cash reserves as OF recent date, tho
rates OF interest which they are charg-
Ing OF sting loans and the rates which
they arc demanding for new aCcommod3
tions. and give this Department the benefit
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-09-25

VIII Tia. passage of the rule AID the
h.ll sQutr,ly before the House Leader
Underwood arose 70 open the debate
us speech dwelt upon the patriotism and
courage Of the democratic party. which
n n" face Of Tho known defects Of enact
~ an unpopular piece NJ legislation
within six weeks OF a Congressional cleo
'1u Nis willing to put national needs
aheal of p"rsc- al fortune.
NJ Underwood analyzed the hill and
underworld TO show that the necessity
thereto. was exactly that described by
'he Democratic report favoriug the bill
ie said he realized 1t would he charged
at che present tariff law was failure,
lux mis- allegation was not difficult TO con-
tgoyCrt.
Representative PAYNE OF New York,
san!or minority member Of the. Ways and
Means Committee, was quick to take up
the anticipated charge. lie said the Tn
derwooi- simmons law had failed In every
It~ticular. He recalled the statement
made by Mr. Underwood In the White
House the night President Wilson signed
TIE present tariff law that IT would reduce
tie cost Of living.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-09-25
GOLD POOL ASSURED
BY 5 CITIES PLEDGES
Bankers Promise Federal Re-
serve Board to Raise Their
shares Of S1OO.OOO.OOO.
\. y. MEN TO HANDLE FUND

WAsnrNoroN, Sept. 24.-Detailed infor-
nation concerning the gold pool Of $780,
Ooo,ooo which Is to he formed to meet the
international obligations 81 United states
banks was made public by the Federal Re.
serve Board to-day. Tho board has re-
ceived assurances from banks In New York.
Boston. Philadelphia. chicago and 1t.
Louis that they will subscribe the ma
jority OF tn" pool provided tn. banks Of
other cities pledge themselves 10 subscribe
their proportionate share Of the fund
NJ the request OF the Forgdn Bankers
'umnitt"" tho Reserve Board sent to-day
I" IN" clearing house associations Of the
country tn" form Of pledge to be used IN
taking out subscriptions 10 the pouI
rus was the statement from the Fed
eral Reserve Board
at "A conference OF bankers held In
Washington on September a committee
was appointed TO consider the advisabiljty
OF relieving the International exchange Sit
uation and particularly Of regulating the
outflow of gold. This committee was made
up Of James Il. Forgan OF Chicago. :.
WeNler of New orleans. benjamin Strong
Jr., OF New York. Thomas T. Beal o; Bos-
ton and l.. l.. Rue of Philadelphia The
preliminary report of this committee rec
commended that banks and trust COM
panies. especially those located IN reserve
and central reserve cities. b. requested To-
contribute pro rata to gold fund pf
SliO.OUO.OOO
After conference with the Federal
Reserve Board the bankers committec
supplemented its recommendations In "A
second report made September 10. THIS
report recommended that national and
state banks be- required to contribute to -
gold fund of stO0.O 900. the reduction IN
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-09-25
FRISCO SUBSIDIARY REPORTS.
'hi"ogo aud Eastern Illinois Earns
sIG,13J,1I1 Gross.

Tho report Of the receivers for the Chi
fo and Eastern Illinois Railroad. one
~ t.c principal subsidiaries of the Frisco
NJ MO time of its failure. for the year
"l'd June 30 shows gross income Of
9lf,h35,i77, against sl7299, $50 the pre-
,."us year. Total net income was ST.
- l,5lf, AZ compared with s2,s37,a53.
N'cr interest charges the company
''H'1 the year with n deficit OF Sl,525. s92
~, IN" years operations. against II deficit
y '9tl ,o33 the previous year The bal.
sheet shows the total deficit to be
i.0l5.13l.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-09-25

THE board shares the committees be-
lief that the creation of large fund
at this juncture will have far reaching
effect for good, and Will prove an effective
factor "a restoring confidence IN prlnS'
ing relief, In protecting and strengthen
lug the countrys credit and In facilitating
the expectation OF our products.
THE allotmeuts provide a fair margin
above the total amount named ANY sums
pledged In excess of sl00.0OO,ooO Will be
applied 10 Il pro rata reductlon OF All suo-
sCriptions 10 IN" fund
The report of the torgan committee or
bankers witch provided for a pool OF
$50. 600 900, but which later was amended
SO as 20 call for only sl00.00O.ooO. was
made public The committee says among
other things
I'VE recommend that the ma
tIonal and State banking institutions in
the central reserve and reserve cities
NJ tho United States be required by you
"a contribute TO this fund. due regard
being given to their present holdings Of
gold. as recently sscertained by your
direction.
"As recommended in our report Of Sep
TENDER 4. We believe that committee
representing the clearing house assoca-
tion of each central reserve and reserve
city should apportion in Its district the
amounts and supervise the payments OF
gold or gold certificates for tho creation
~ mi. fund and we therefore suggest
that you address a letter TO the chairman
of the clearing house committee In each
=, those cities recommending tho APP
t,t,nan, ~ such a committee. urging
,ro,,,,t cooneratIon In this plan and stat
;a H. ,nount M gold which YOU may
le 49, 60 a.. tho nroner o,o,a tn he
,','t, -. ,,a. c,,,,
in order to facilitate the transfer OF
s''" VI e." - =. - a,o,,,,.,.,,.l',
.ne 'o,I'' .'u'''s D"ne -, Jo,Snai. 80.
'n"t wv! po -. ''.,'''u w -, IT,, -
cohtT'ou''o"s "'.' Wv "''o.
urv OF the ohiled Sta'.s an" 'na' an
expenditures incident 10 'rhisiers' "neher
made through Sup-Ireasulcs OF otner
wise, shail DC AT EXPENSE Oh 'he iun"
and shall not DE borne oy thc respective
contributors
The committee representing the New
YORK Clearing House Association snoulu
have authority to call upon the contrlpu-
tors Tor gold or gpld certihca'es from time
TO time In instruments AZ required pro
ViIed, that the Contributors shhil nor De
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-09-25
" oman Drinks Poison on sem.

An unidentified woman drank what g..
supposed to have been eight ounces ~
wood alcohol on the steps OF W,s,
Fltty-third street the homo OF william
Mauce. at about o'clock Yesterday tftrr.
noon and died two hours later In Flower
Hospital
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-09-25

Assurances had been received by the
federal Reserve Board from the cities
Of Boston, New York. Philadelphia, Chit
ego and 81. Louis that the major part
OF the stO0.O 200 fund would be sub
srrihed 10y them upon the pledge of other
cities to care for their proportion OF the
sInd
The Federal Reserve Board to-day
sont out copies of the two reports OF the
h,nkers' committee and blanks for pledges
10 the clearing house associations of the
different cities
The communication to the clearing
house associations read in part AZ fol-
lows
Tho board has carefully considered
the committees report and concurs In
its conclusions and Recommendations
The board is convinced of the necessity
If an adequate plan OF national coopera-
ton to meet a situation which Is of ma
tlolal dimensions. and has no hesitation
therefore In giving its approval TO the
plan proposed by the committee. and
recommends your earnest cooperation.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-09-25
The Tennessee Loan.

This was the statement concerning tho
Tennessee loan:
"Scnator Lea Of Tennessee informs mo
that tho state " Tenncsss has 81 600 600
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-09-25
QUICK RESPONSE HERE.
1877 New York Banks VIII Raise
s45, 100000 of Gold Fool.

So satisfactory has been the reply of
the l27 New York banks which We're
requested by the Clearing House com
mttee 10 cooperate In raising New York's
s45.000.000 Of the tl00.00Q,000 gold pool
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-02-13
Defeat st. Nicholas Team
and Go Into Second Place
in League Race.
BROWN. COVERPOINT.
FACTOR IN VICTORY
FcIIowes Morgan Takes Place OF
Turrell. but Fails to Show
at His Best.

The hockey players Of the Crescent AtA-
letic club moved into second place in the
rae. for the championship Of the Anna
teur Hockey League when they defeatei
the St. Nicholas Hockey Club. leaders IN
the championship series. by score OF
to at the 81. Nichola. Skating Rink last
night The first period ended in tie at
goal all. Il vas the first defeat suffered
by IN. St Nicholas team this winter and
was decided surprise 70 the followers OF
the sport
The Crescents owe their victory 10 til,
great work OF Brown AZ coverpoint. He
put ND one Of tn. best games seen on the
ice this winter Dr. Mills also did great
work Al goal. BALM played better than
he has % far this winter. and COX showed
that he has the makings OF a great player
Not one of the ST. Nicholas team lived
10 10 his reputation. At the start Turren
put ND a good game for 81. Nicholas. He
however. was hurt early in the first period
and gave wav 70 Felloves Morgan. The
latter was off his game and did little work
during the evening Pierson put M =
pretty game Al goal, but was unable TO
save off defeat.
Turren was responsible for tho first goa
Of the evening. making the point after 5
minutes and 81 seconds OF play II was
the result OF an individual dash At goals.
Soon after the tally he was thrown 10 the
ice and had to retire. Toward the end or
the period Hallock made a lucky shot and
tied the score 1t was the only other tally
in the first period.
IN the second half the Crescents substl-
tuted Martin for Hsllock On the rebound
Of 2 shot BY Ellis Fellowes Morgan put the
St Nicholas team IN the lead after min
ute and 81 seconds of play. Brown made
the next goal. II was the result OF the
most sensational run OF the night. The
tally was made after 10 minutes and 10
seconds Of play. COX made the winning
goal Of face-off near the ST Nicholas
ret.
The game was remarkably clean. The
only players 10 ne sent TO the timers were
Crescent men Twice in the first period
Brown was ruled off, and in the second
half BALM was given rest. All the pen
allies were for minor fouls.
The lineup follows
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-02-13
PAR GOLF AT PALM BEACH
Favorites Win in First Round
of Tournament.

Palm Beach Fla. Feb. l2.-There were
no upsets in the first round OF match play
Of the South Florida championship and all
the fayorites came through
The feature OF the days play consisted
Of a hard uphill fight, which was won by
r. II. Filter. Merton, over G. &. Hentz-
man. Hamilton. Filter was down at the
turn. but by playing par golf coming
home won on the last green.
II. .. Richard. ST Andrews. was doing
stunts and holed three approaches for IS.
one OF which was 20 yards long. These r.
came IN a string at the seventh. eighth
and tenth holes, and We're responsible for
the passing OF ST. John Wood. Bsltusrol.
by a I'll margin.
The summary follows
First round ,nrst divlsionl-H T.. Earring
ton. Woodland. defeated r D. Frazier. Essex
County. l-s. r smith. Wilmington DE-
fested G. NJ. Brett Country. ! up. !. r. Hyde
south Shore, defeated J. q. Head. Oakmont.
-; r. =. Filler. Merton. defeated g. e.
Heintzmsn Hamilton. ! Up. ~ g. Richard
-. Andrews. defeated ST. John Wood. Bsltus
, rol. 81: r. g. Nandusen Minnekahda de-
fested =. a. Davies, ~ Andrews b.. n q.
colbgrn. indianapolis. defeated William Thss.
"a. Allegheny. 81 Walter Fairbanks. Denver.
defeated Ward Ames. ir.. Duluth. -
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-02-13
BURNS TOO CLEVER
FOR "Y0UNG" FOX
Outboxes Englishman IN len
Slashing Rounds-Weinert
Beats Johnny Howard.

frankie Burns. Of Jersey CITY, one"
highly rated as 2 contender Tor the ban
tar.woi.ht championship. halted, for the
t,n,c hoinc Al least. the climb or YOUNG
Fox of England. in e.ashinc ten-round
bou, ~ Madison Square Garden LAST
night. Burns Won by = comfortaole Aial-
yin. ard in fact had an advantage m rsr-
haps seven rounds Of the ten.
While he landed clean blows with
greater Frequency. he lacked the power
TO bring about 2 decisive finish, and ~
tho end the RrHon was strong and full OF
6ght I'm the other bouts Mike Maize had
q. little the better Of Young otto, while
Charley Weincrt outboXed and oUttonSht
johnny Howard.
Burns hoxod we'll planned battle and
devoted his attentions 30 the body OF the
Enslishman In the clinches he ruled ST.
prcmc. and iolted home many r'b roast
ing right-handcr. which had their efect.
In the closing rounds he shifted his at
tack. and worked his left to the head.
Fox. however. struck many hard wal
Ion i'm his defence. and in the eighth
round slowed his man down With crash
ing hook on the angle. 81 the Jaw. We
was not able to follow his advantage TOT
BURNS dove 10 cover and. once inslne'
worked With furious speed ~ the hodY.
The Weinert-H Howard battle was vel
worth the while also. In the first w"
rounds Howard had his man on the rum
hut from tho hfth period on he was on
the defensive. and did well ~ last mo
limit. After the sixth round Nelner'
landed five clean blows 10 three, ana
weaker man than Howard might nave
Llr In I'd
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-02-13

to the Jaw The bout was then stopped
The referee also interceded In the r
j. Gerarthy. Union Settlement. VS.. George
Wall. Trinity club. in the same class
when the FIRST named scored heavy
knockdoWn in the second round. Gersrthy
proved too experienced an opponent fo'
Wall.
The summaries follow.
is)-pound class ,irsr b0lu--J Horan. Ia
fayette \ c. defeated T.. Dooley. New roo
4 -: second bout D. DelshsntN. unaltsch-d.
stopped : lfalpern. unattached. ln one roune
third bout J. Mas Glencoe A. g. defeated
W sam. Y VI II. A.. fourth bout. j T.
Gefshty Union Settl-ment. stopped -. WAL
Trinity CLUB IN TWO rounds.
isO-pounl class 'hfsi bout. Foi-t VS.
Harlem = e.. defeated j. Mullen. - Mlrn~si :
I.yceuIn. second bout j. swift. New POLO \
a.. defeated T. Resrdon. unattached; mira
bout ". ReNely. unattached. defeated IT,
Mcfarland unattached. fourth bout -
r.facht chris, church House defeated VI. =
Trace Education Alliance sim bout. >
Dslahanty. Long Island \. G.. defeated l..
Hamilton. ioushliu LNceum.
ll0-rourd class .hrst tout--i Keller. una -
tacned defeated g. Rsdner. unattached; SEC
ond bout. " Ret New Polo \. g.. def-st-i
VI Ssmusls Greek-Amsficsn 4. g. " Asie,
Panon 4. e.. defeated i. r. sheridan. Trinity
club