davidaulloa/AmericanStories huggingface dataset:
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-10-20
H. O. BINNEY IN WoRKHOUsE.
Lawyer Refuses to File bond to
Keep the Peace.

Harold O. Kinney, a lawyer who has
been arrested 50 many times for sp,ei-
Ing and on other charges that he him
self cannot keep track OF them. is now
lodged In the workhouse on Blackwelis
Island. He will stay there three month.
unless he backs down from his Sand ~
refusing 20 file a bond OF 81 600 To keep
the peace for SIX months.
The case on which Binney was sem
fenced grew out of an arrest on his
own part Of a man he met nj a Soc.1ls;
meeting last Saturday in l25th street
His charge against the man f"ll through
but n complaint Of disorderly con'u''
was entertained by IN" court against
Binney hlms NJ In the night court NJ
told Magistrate Deuel. that he would not
pay cash II fine was imposed Whe0
ne was found guilty and told to Ho d
bond TO keep the peace. he likewise
refused He was taken to the Island
from tho West Ffty-fourth street prison
yesterday morning.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-10-20
SEES $5,OOO,OOO,OOO
EXPORTS THIS YEAR
Banker Believes War Must
Bring Vast Increase In
Foreign Commerce.
MEANS BALANCE OF TRADE

A banker OF standing. who is in a
position to see very great volume of the
financing OF the export trade of the coun-
try, said yesterday that exports to tho
belligerent countries and others depen-
dent on them were increasing in such
volume that a doubling of the export
trade OF the nation within the coming
year could DO looked for. This would
make the total exports for the year s5,-
00O, 900 ,000 based on the figures for the
fiscal year ended June 80, 1913.
Important developments yesterday
showed that the three great belligerent
nations England. France and Germany,
with Russia also figuring, were making
strenuous efforts to get in the markets
OF this country the food. clothing, am
munition and gun supplies they need in
increasing quantities. The trade in these
supplies that has 80 far developed here,
said one banker. Ii only beginning OF
what may be- expected
1t was learned that in one large bank
ing institution yesterday morning n food
OF cables. numbering 100 TO loan UNI
precedented amount--had been received
from British and European banking CEN
tres directing tho payment hero out OF
credits held with this bank OF great sums
for foodstuffs and munitions OF war.
The payments We're for purchases Just
made OF wheat. flour, grains OF all kinds.
dried peas, canned goods and munitions
OF war.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-10-20

come OF s1215 in 1914 and dividend
OF something like 4 per cent.
~ would not think So replied MT
Willard.
Mr.. Willard said that on the Baltl-
more and Ohio there had been large
retrenchment IN expenses ana ne believed
that a similar step had been taken on
other roads both before the war and since
Louis - Brandeis then questioned Mr..
Willard az to the necessity for additional
revenue for the Baltimore and Ohio. Mr.
Willard said among other things that the
railroad needed additional money to meet
$4,000 900 OF notes which are 10 mature
in June next. These notes bear "a per
cent. interest He said the road had
80. 600 stockholders and the last divi-
dend was paid partly out OF surplus,
50 OOO, 600 being taken, which left about
s32 O0O, 900 He added that he still ad-
hered to the contentious made by him AT
the hearing Of the case last spring.
1.-THE effect OF the war" said he. has
been that 1t has accentuated the falling
of I'm business"
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-10-20
Millions for Ammunition.

Payment on an order for s7.0OO,000 OF
ammunition was heard OF from an au-
thoritative source in Wall Street, ana
another Of 100000 for the same ma
terials
The business that Is going on in war
supplies said banking and exchange OK
perts yesterday. is large. Agents ana
dealers are negotiating In big sums ana
buying on lavish scale, with immediate
payments and no shipping risks to the
buyers.
Another significant development or yes
terday was the arrival OF representatives,
OF England, France and Germany at the
banks with unimpeachable credentials
who opesed up gilt edge accounts with
credits drawn from the other side, ana I'M
mediately made Withdrawals or large
sums TO pay for shipments abroad
on the Produce Exchange yesterday the
export demand for wheat and other grain
was a feature OF the market. Chicago is
doing record trade in shipments oil
wheat and provisions, the weekly snip
ment OF wheat being estimated at Sl2.-
600 900 and the purchase or provisions Is
said to be as high as $l6.0OO,OOO. The
September export figures tell the story
most plainly In showing that shipments
of breadstuffs. wheat, flour, corn ana
other supplies were more than two ana a
half times what they were In September
year ago, being $i5,SSO.6S3, an increase
Of S27,472l3l. II cotton shipments were
! normal there would have been additional
exports Of nearly s60,000,00o.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-10-20

justified by facts. why ! know 1t sst.
cral instances wherein American mann.
racturcrs place "A foreign stamp og ,h..-
goods and thereby hnd a more ready sA..
for them.
"Ono point that l would Ike 10 ON.
phasi2c particularly is that tn. .Nt.. 10
America movement Is not "a hyst.f..t,
sensational idea. 1t Is great .Iu.t-
tonal movement that will take much tim
and hard work. The ucorporttors u4ve
volunteered 70 shoulder the lcadcrsa.p bat
they will need the help Of every o.r It
took Europe years t. gain its pr. st.e. 4.
will take ms "A long time =, ..'I. .I
ours. The movement Is not directed
AGAINST any nation. but ia thu ''..a
OF the Unit Sta,es Of America Tn.
opportunity that has presented .ts,lf 90
us is not Of our making yet we wou. .
be foolish to ignore It,"
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-10-20
LONG CRUISE FOR NAVAL MILITIA
board at Opening Meeting Considers
Trip TO San Francisco.

WASHINGTON. Oct 10. The general
board of the Naval Militia, created by
law last winter, assembled IN Washington
to-day for a week OF meetings. The board
ia to aid the development and efficiency OF
the Naval Militia al a supplementary
force to the navy mad increase cooperation
between the navy and Naval Militia.
After a conference with Secretary
Daniels the board considered the adv1sa-
bility OF sending tho Naval Militia forces
Of the Eastern States on n cruise through
the Panama Canal to the San Francisco
exposition. The question OF getting more
naval vessels for the militia's use is also
10 be discussed.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-10-20
A Plea for Retirement.

Replying to that question" said Mr..
willard, 81 reply simply as chief ex-
ecutive OF the Baltimore and Ohio rail-
road. In my opinion the Baltimore and
Ohio Is a going property, is fairly capital
lied, well worth Its outstanding obligations
and much more, II we are 10 Judge the
future by the past 1t will be necessary
for us to spend about $4,000, 900 a year
for some years to come. ] would like to
be in n position to recommend to people
who write me tho purchase OF securities
hut cannot conscientlously at the present
time recommend To any one 10 purchase
under present circumstances and I there
fore think that we ought TO have the rates
advanced. I think the rates ought to
be increased so we can make the neces-
sary improvements to meet the conditions
presented"
Then Commissioner Clements, address
ing MIR Willard said
MANY Industries large Industries we'll
managed. are now standing still TO see
what Is going 10 happen: that however
bad we think our situation H. II IL bet
ten than any one elses in the world Ex-
port commodities are being stored and the
cotton people are in distress. This con-
dition applies to many lines of business
and affects many industries. Is that a
situation which should be left out OF view
when you come to consider an increase OF
railroad rates particularly 10 keep ur
long standing diTdends?"
1.-THE railroad IL a semi nub,ic insti.
tuition" sad President willard ut can,
| not close It's shop; for instance 30 PEI
! cent. OF our passenger mileage does no.
pay for the running"
/ Commissioner Meyer then asked: DC
/ YOU mean that conditions since July 20
| when the commission handed down Il.
| decision, have changed or Is Il that you
want 10 SHIFT the huIien from tho share
holders TO those who pay the freight"
81 do not think 1t will have that effect, ;
! said Mr. willard
Mr. Brandeis IN the course Of his exam
nation OF Mr., willard Unlimited that 4
was the duty OF the board OF directors o
the Baltimore and Onto 10 reduce its divi
dends I'm view Of the diminishing net In
come, but Mr. willard declared that ever,
dividend that had been paid since he wal
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-10-20
Changing OF Conditions.

-1n so far as the war and it's oonse-
ruences tend, as J have Just shown, 10
change the conditions surrounding the
enlistment Of new capital, they tend TO
change the fundamental relation between
railroad and shipper, for the cost OF capt.
tai Is one = the most important elements
OF the cost OF transportation
at is known Snat the railroads Of the
United States hsve over $500, 900, 900 OF
outstanding obligations which will mature
and must be met within the next twelve
months alone. II was shown in the
original record IN this case that the rail-
roads I'm official classification territory
only had spent approximately 5000. 600. 900
per annum upon their properties for i'm
provemonts and extensions during the
last ten year period, and II will be neces-
sary to continue such expenditures II the
roads are 10 maintain their standard OF
service and provide for the growing needs
OF the future.
Further as nearly AZ can he ascer-
tained, there are more than $4,000, 900, 900
par value Of American railroad securities
held abroad as Investments, The demands
for cash IN Europe growing out OF the
present situation will doubtless result IN
large selling OF such securities when
the markets or stock exchanges are again
opened, and the possible effect OF such
selling upon railroad credit and related
nuhieCts is causing much concern.
"Nlth all this in mind II Will readily
he seen that the available supply OF and
probable demand for new capital ms wei
as the interest rates thereon. are matters
Of great Importance not only TO the rad
roads hu. also To thoso who depep
upon them for transportation
Commissioner Clark began the cross
examination Of Mr.. Willard by ask!nI
him II all the roads IN the case shove,
up like the Delaware. Iackawanna an,
western whether there would be an
jusiihcation for the advance In rates
after the Commissioner pointed out tina
the statement filed upon behalf Of tn
Lackawanna showed net corporate In
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-10-20
FATAL HAZING TO GRAND JURY
Death of student mt 81. Johns Col
Iege to He Investigated.

ANNAPOLIS. Oct. 1s.-Judge Brashears
demanded to-day that the Grand Jury
investigate the hazing at st. Johns Col
lege In May last OF Cadet William r.
Bowlus of Middletown, Md. which caused
his death.
Judge Brashears referred 20 the fact
that Ave young men. held under $1,000
bail. had each protested that ne did not
know who fired the fatal shot.
III they st4li continue TO assume this
stand" no said, then there is nothing
left for you Jurors 20 DO but to present
them on the charge OF murder"
The five freshmen are Fendall l.. Mar
bury of Baltimore. Henry L. Valdez OF
Havana Cuba: George II. Weaver New
York: r. A. Jones Cambridge, and John
NJ Noble, Preston. Md.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-10-20
The Dividend Problem.

Mr.. Brandels maintained that the
credit Of the Baltimore and Ohio was bet
ter safeguarded II II accumulated sur
plus by reduction I'm dividends rather than
by digging into the surplus TO pay the
dividend
Mr. Willard was asked by Commissioner
Clements as to the significance OF his
statement that $4,000, 0O0, 900 OF American
road securities were held abroad lie re-
piled that II was believed that when the
stock exchanges here are opened the de-
mands for cash In Europe will result in
a very large selling OF these securities
and make the condition Of tho railroa as
worse. Mr., willard said that II the rail-
roads were permitted to increase rates Il
would serve to reassure the holders OF
these securities and stabilize matters.
IF this commission will allow an in
crease the foreigners will get n bigger
price than now" suggested Mr.. Brandeis.
Mr.. Willard contended that when the
stock exchanges were opened II this coun-
try were obliged to take back food OF
American securities held In Europe II
would be impossible for the railroads to
raise money for needed improvements
Commissioner Hall suggested that per-
haps favorable action by the commission
along Mr.. WIZARDS line OF thought might
result In still larger dumping OF securi-
ties on the market by foreigners
Now. want TO ask you" said Commits
sioner Clements, rs this application for
tho purpose OF getting more out of the
proposed rates for net revenue or for the
/ purpose OF establishing credit
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-10-20
40 YEARS FOR WHITE SLAYER.
"Prnctised Worst Sins OF the Devil"
Judge Tells Prisoner.

Joseph Anzelotti, 81 years old who was
convicted last week aus a white SLAYER after n
ten days trial in the County Court. Brook
lyn. was yesterday sentenced rs n second
offender to forty years imprisonment at
hard labor in Sing Sing by Judge Faw-
cett He was involved In several Black
Hand schemes and served a year In
prison for selling drugs.
Tho crime for which he was sentenced
yesterday IL for forcing Mrs. Florence
Ryan and her two sisters onto tho streets
by threats OF Disagreement and death.
In imposing sentence Judge Fawcett said:
You practised the worst sins OF the
devil and embody the worst traits OF any
prisoner ever brought before me"
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-10-20
workmen's Compensation Commits
sion.

The Workmens Compensation Commits
sion signalized its return from last weeks
upstate trip by dispos!ng OF nearly 600
cases yesterday. thereby establishing a
record The commissioners sat continu-
ously all day. having coffee and sand
witches brought In and eating them "on
the bench"
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-10-20
THAW'S CASE ADVANCED,
VIII he Heard ny the u. =. suprem me
Court on December

WAsIuNGToS, oct. 10. - The Supreme
Court agreed to-day to advance the case
OF Harry Thaw, appealed from the Fed
eral Court for the District Of New Hamp-
shire. The case will be heard December
7 or az soon thereafter as It can be
reached,
The Supreme Court also advanced for
early hearing the case of the Danbury
hatterA
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-10-20
Eastern Roads Ask for Rate Advance
as Vital Necessity to Protect Credit
Commerce Board Shows a
Critical Attitude Toward
the Plea.
ASKS IF A NEW WAR
TAX Is CONTEMPLATED

president was justified by conditions and
circumstances.
Following President Willard, George NJ.
Shriver, vice-president of the Baltimore
and Ohio, presented the specific differences
in the financial situation of the thirty
eight Eastern carriers now as compared
to one year ago, when tho per cent.
rate advance was first requested. Mr..
Shrlver is chairman OF a committee OF ac-
counting officers appointed 10 compile data
for the railroads as whole. M
Shriver's figures covered the period 10
June 30, 1914
Surplus Disappeared.
"a striking feature Of the 1914 re-
turns" said Mr. Shriver. us the complete
disappearance OF surplus or margin"
The figures presented showed that the
railroads in this territory paid in 1914
average dividends Of ass per cent, but
that they fell short by 5000. 900 OF earn
ing that dividend--itseif the lowest rate
OF dividend paid in ten years. The year
1914 was the first year in fifteen years In
which these railroads earned no surplus
over the dividends paid.
For the three systems generally con-
sidered prosperous, viz. the Pennsylvania
the New York Central and the Baltimore
and Ohio the surplus or margin after an
average dividend OF $50 per cent. was
only s46l.235. In 1918 It was l7.0sS. 900
and had averaged s3s,733, 900 for fifteen
years.
In 1914 for the three systems. the sum
available for interest dividends and sur
plus amounted to but asa per cent on
total capital obligations, a rate much the
lowest of any shown in the preceding
fourteen years. Previous to 1914 the ratio
did not fall below b.67 per cent
The hearing will be continued to-mor-
row morning. The indications are tina,
the railroads Will unless individual off,
cials are called complete their case to.
morrow.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-10-20
REVIEW FOR THE CONDUIT CASE
u. 3. Supreme Court Acts in the
New York Suit.

WASHINGTON. Oct, 1.-the Supreme
Court granted certiorari to-day to re-
view the judgment and decree OF the New
York Supreme Court in the suit brought
by the New York electric lines against
the Empire City subway Company TO
compel the latter to grant permission to
the electric companies to use tho condults
II the subway for the laying OF wires
The New York Supreme Court declined
to require the subway company to comply
with the request.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-10-20
Revenues Decrease,

Among other things Mr.. Willard said /:
THE annual statements of all the rail-
roads involved In this proceeding COM
bined. for the fiscal year ended June
80, 1914, show roundly that the total
operating revenues during that year
were approximately s4S, 900, 600 less than
during the previous year. while the
operating expenses during the same
period were approximately s22, 900. 900
greater.
THE net operating income of these
companies for the same period amounted
TO $26O,ooO,OOO, or approximately s76.-
10000 less than was earned during the
previous year, and equal TO but 3.9S
per cent. upon the property investment,
lower return than was shown at any
time In fifteen years.
Tho income applicable to interest.
dividends and surplus, during the fiscal
year just closed was s265, 100000 or
406 per cent. upon the total capital OBJ
legations, this return also being lower
than any IN fifteen years
"a war such as that now raging causes
great and immediate disturbance TO in
dustry, commerce and finance. II causes
contraction OF credit and great restric-
ton II not the actual stoppage OF in
ternational trade. as well az serious dis
turbance to domestic commerce, and as
we have seen It has thrown the security
markets Of the world first into panic and
then I'm suspension OF operations.
"These have, In fact. been the imme-
diate, direct and clearly apparent con-
sequences OF the war which began less
than three months ago but the ulti.
mate and more lasting consequences are
almost as plainly to be seen and will
certainly follow. II they do not accom-.
pany, the conditions mentioned
"These are enormous destruction oil
wealth, with great diversion OF labor
and capital TO unproductive employment
thus causing n check 10 tho worlds ac
emulation 81 new capital and a seriou,
and prolonged rise In the rate OF in
terest The effect Of such higher interes
rates will continue long after the presen
emergency has passed. because they vii
he reflected in the basis upon which
the new securities Will be issued from
time TO time az required for refundnl
and other purposes.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-10-20
Maryland Repatriation Drops.

BALTIMORE, Oct l9--Registration In
this State dropped from $4,000 to $780,
n00. The Democrats have large ma
jorlty.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-10-20
MIR. willnrd's Denial.

President Willard emphatically denied
both propositions and contended that
present conditions amply justified the
increase, particularly in view of the fact
that the railroads are quasi-publlc inst!-
tutions and that II was vitality necessary
for them to maintain their credit.
Figures were presented by the car
rters showing the results Of their opera
tons for the first two months OF the
fiscal year 1915. July and August. as
follows:
Total operating revenues 1916, $751;
o72,900; 1914, 1851 ISL ,s25: total operat-
ing expenses 1915, s163.j06,570; 1914.
$l7S,4l2,977; net operating revenue 1915,
s73,566,S3o; 1914. s73,56s,s4s; operating
income 1915, s64,l92,6S9; 1914, s64, 463,-
S79.
These figures are for the thirty eight
carriers in the Eastern territory petit
uoning for the advance.
Daniel Willard made the opening
statement, and while he was Immediately
succeeded by George NJ Shriver, vice.
president of the Baltimore and Ohio
and representing the combined roads,
Mr.. WIZARDS cross-examination after
Mr. Shriver was excused formed the in
teresting feature OF the day.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-10-20
WAR TAX MEASURE
HELD UP BY HENRY
Bill Forced Back to Committee
Because the House Has
No Quorum.
MAY BE REPORTED TO-DAY

wAsHINoroN, Oct IA situation de-
velopcd in the House to-day that may
delay the passage of tho war revenue
bill. II was brought about by Repre-
tative Henry of Texas. who has deter
mined. apparently. to resort to every ex-
pedlent to force Congress to pass legis-
lation for tho relief OF the Southern cot
-. planters.
Leader Underwood called UP the reve-
nue. bill Immediately on its receipt from
the Senate and moved that the House
disagree and ask for a conference on the
Senate amendments. This was the legis-
tsatgs short cut TO early action. 1t being
the hope of Mr.. Underwood to put the
bill through by Wednesday night
Mr.. Henry objected to the reference
OF the bill to conference. He moved
that It be sent TO the Committee on Ways
and Means, OF which Mr.. Underwood Is
chairman.
Mr. Underwood knew that a quorum OF
the House was not In town and that II
he pressed tho motion for reference
to conference Mr.. Henry would make
a point of no quorum" Under the cir
circumstances Mr.. Underwood had to ac-
quiesce in the motion to refer the bill
to the committee.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-10-20
The Line OF Action.

The Ways and Means Committee will
consider the bill at a meeting to-mor-
row morning. IL will report the bill
with II recommendation that the House
disagree on the Senate amendments and
ask for conference. Under the rules
II will be possible for those who are so
disposed 20 force n long drawn out
debate on the revenue bill
The Senate adopted eighty amendments
They can be discussed indefinitely under
the Ave minute rule II Mr.. Henry and his
associates are so disposed Such a situa-
tiOn can be forced on the House until the
return to the city OF sufficient number
of members to do business.
With majority on hand Mr. Under
wood and his lieutenants are confident
they can control the situation. a quorum
is expected in town by tomorrow or
Wednesday at the latest.
After the squabble Representative Bath
rick of Ohio. a Democrat. made point
OF no quorum. A roll call disclosed that
the House was shy twenty-slx OF a
quorum. on motion OF Mr.. Underwood
the House adjourned for the day.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-10-20
Chairman Willard Says the
War Makes Conditions
Dangerous.
NO EFFORT TO SHIFT
BURDEN ON SHIPPERS

WAsHINGToN. oct. 1o.--The Interstate
Commerce Commission began considera-
ton of the reopencd advanced rate case
to-day. The proceedings indicated
clearly that the commission intended to
confine the hearings to conditions that
have arisen since the closing OF the
record in the original case on May 30.
1t was apparent also that the COM
mission was prepared to put the rail-
road presidents through a close examl-
nation as to the reasons for the
reopening OF the case In fact. the
hearing suggested the same critical at
titude on the part OF some Of the Com
missioners that marked the original
advance rate proceedings.
Daniel Willard, president OF the Balti-
more and Ohio Railroad and chairman
of the commission Of railroad presi-
dents, was questioned by Commissioner
Clements Clark, Meyer and Hall In n
way that indicated desire by the com
mission to ind out If the purpose Of
the application was to transfer the
burden brought about by the European
war from the shareholders to the ship
pers. The question was asked IL 1t was
not an attempt on the part OF the rail-
roads to levy war tax on the public.