davidaulloa/AmericanStories huggingface dataset:
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-06-05
NO TAX INCREASE NEXT
YEAR, SAYS mitchell
Tells Mayors Conference at
Auburn He Got Pointers
in Western Cities.

AUBURN. June <.--The New York State
Mayors conference tonight elected Of
ficers, selected Troy as the next meeting
place and heard Mayor Mitchell of New
York declare for the absolute divorce
OF city employment from politics. In
cidentally Mayor Mitchell proposed that a
national conference of city officials be
called under the auspices OF the New York
conference to meet at the Panama ex-
position next year.
The following officers were elected ::
President. Roslyn NJ. Cox. Middletown (:
vice-president. Louis VIII. Syracuse I;
treasurer. George A. Brock. Loekport :
secretary. c. L. Capes. New York.
Members of the Municipal Bureau Coun-
Gil were elected AS follows: James I. Len
nom Yonkers; j. J. Irving. Binghamton ;
Otto Praff, Oneida. W. j. Grifiing, New
Rochelle; Thomas ii. O'Selll. Auburn.
Mayor Mitchell said In his address:
speaking OF the relation of n city
to its employees New York has, l hope.
lost its provincialism. flor 1t can now
20 out and find inspiration and knowl-
edge In other cities. We have just been
In Chicago. Gary and Cincinnati. and as
result we are going to beneht from
some Of the things we learned.
"It was our intention to run the affairs
Of New York on n business basis. and the
reports that have come TO me lead me u
believe tnat we are eOlns " NC apiV ~
conduct the business of the city nex'
year without increasing our taxes. II w
are able TO do that. then I do not see
why we cannot go through the four years
| of our administration in the same way
1--WE believe that we can get economy
| and you cannot get economy unless yot
get from city employees full measure
| Of service. and you cannot get that I'm
| less you give them a square deal. fol
must make them feel that they are 6
vital and necessary part OF the city gov
| eminent and that suggestions OF policy OF
| administration from them will be wei
coined and will receive full considera
| ton.
I'VE are going to try to establish
| standards by creating efficiency records
| and giving chances TO men and womei
who have so long depended upon politics
| for advancement to get ahead on the bash
OF merit and work done. The day o
politics for help or hurt for city employ
ees In New York city ia past.
I'VE are going to put promotions an
punishment on just basis. There is NJ
more vitalizing a force than that OF open
ing the doors OF opportunity to cit!
employees to advance in their work"
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-06-05
MADOO STILL UNDECIDED.
Secretary Says Government VIII Re
Gully Protected

WAsHiNGroN, June 4.-Secretary Nc
Adoo announced to-day that he had
reached no decision with regard TO the at
titude to be taken by the Treasury De-
partment toward the proposed subway
easement under the post office In New
York city. He served notice that he
would see TO 1t that the interests of the
Government are fully protected" Mr..
McAdoo issued this statement:
81 hope within a few days to make q
definite reply to the Public Service Com
mission of New York about the subway
easement under the post office building
in New York city. There has been much
Misrepresentation about the Departments
attitude. No decision has been reached.
'"The act of Congress throws a great
responsibility upon the Secretary OF the
Treasury, and as l am executing a trust
I must of course see that every essential
fact Is before me before a final decision
Is rendered. / can only repeat what
have said before. that have every desire
. 20 be fair TO the city of New York and to
expedite the important work of the sub
ways, but at the same time ! cannot be
recreant to my duty. and l must, In the
faithful discharge of II, see that the IN
terests of the Government are fully pro-
tected To do less would subject me very
properly to even greater criticism than
that to which ] have already been sub
jected by few Ill tempered partisans In
New York city"
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-06-05
BROKERS' ACCOUNTS
AMAZE CREDITORS
StOppani & HOtchkin Assets
$4,000 With S25O,O0O
Liabilities.
PARTNERS ON THE STAND
Assignee Falls to Learn Where
abouts of $285,OO0
in Stocks.

Several OF the customers OF the failed
Consolidated Stock Exchange firm Of
Stoppani & Hotohkin. whose affairs pre-
sent one Of the worst tangles in recent
years among brokerage houses, vent to
the District Attorneys office yesterday
with complaints. Assistant District At
torney Colman heard their stories and
took the cases under advisement.
All Of the customers who appeared had
margin accounts. Al first consideration II
was thought at the District Attorneys
office that the law permitted action only
In cases OF hypothecation OF securities
owned outright by a customer. 1t Is be-
lieved. however. that under the laws gov
erning stock transactions passed last year,
hypotkecation OF securities held on margin
is included as punishable.
The ignorance OF their own affairs ad-
mitted on the witness stand by Joseph H
Stoppanl and Walter Il. Hotchkin. men,
bers of the failed Arm. continued to ex-
cite the amazement not only of their Gus
toners. who heard them under examna'
ton. but OF lawyers and financial mer
when the investigation by the assignee's
attorney went on yesterday.
The partners testified that they knew
nothing about the ownership of Account
80. which on the books showed a loss Of
SIS. 900 on the day the firm was assigned
Leon Lautersteln. attorney for the a.
signee, said that the cashier. +. Maloney
had also asserted ignorance OF this mys
FERROUS account. One of the items In 4
was transaction In 275 shares o.
Canadian Pacific. a short sale, which wa.
not completed.
Mr.. Lauterstein said that another mys
terry which the assignee has so far beef
unable to stralghten out Is the where
abouts OF 6.5s6 shares of stock that thu
records OF the office show ought to be OF
hand. These shares have a value o
s2S5 900
The assignee's accountants showed tina
Account 20. the partners speculative me
dunn, according to the testimony OF Ben
jamin Morris. loan clerk, ended UP on tn
day OF assignment $4,000 to the bad.
Did YOU confer with your partner be
fore making transaction In this &C
| count?" Mr.. Lauterstein asked of MI
| Stoppanl.
mo. each carried his own speculation
as he wished" was the reply.
Did you have any idea on the day yo'
failed that your liabilities were $500
Could you have estimated your liabilitie
at that time within $l00,000?"
81 didn't know" replied Mr.. Stoppan
I'VE didn't keep track"
The assignees accountants estimate AZ
sets OF $4,000 against the s250,000 liabili
| ties, the assets consisting OF Office furni
ture. an automobile six years old, $40
| In bank, a seat on the Consolidated Stoc
Exchange and one on the Chicago Boar
| Of Trade.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-06-05
TO ASK WILSON WHY
SUBWAY Is HELD UP
Prendergast Wants to Know If
President Sanctions Nc
AdoO's Delay.
"ANTI-NEW YORK POLIO
Comptroller Says Secretary Has
No Right to Demand Pay
for Easement.

Comptroller Prendergast purposes to
introduce In the Board, of Estimate to-day
resolution asking President Wilson
whether or not 1t is with his sanction that
Secretary OF the Treasury McAdoo Is
holding up subway construction by de-
handing 10000 for an easement be-
meath the Federal Building
Mr.. Prendergast said yesterday that he
mad read the deed transferring the Fed
eral Building site to the Government aid
found nothing to Justify Mr.. McAdoo's at
titude. which Mr.. Prendergast termed
"incomprehensible."
The Federal Government is on the site
solely as a tenant" he said. land has no
rights which can he jeopardlzed by the
construction of subway There is moth
ing In justice or law TO support Mr.. Nc
Adoo.
"In view Of the fact that the city has
been unable TO get any explanation what
ever from Mr. McAdoo II seems TO be
about time that the matter was called TO
the attention of President Wilson himself.
SO long as the President says nothing to
the contrary It must be that the Secre-
tary OF the Treasury Is proceeding with
his entire sanction. II so Is this only one
more incident in a fixed anti-New York
policy on the part OF the Administration
1t would seem 30. The Administration
would certainly have RETAINED from
designating New York as a Federal re-
serve bank city II It had dared.
"Of course. II In a pity to bother Presi
dent Wilson about a matter like thi.
when he has the Mexican question snC
so many other troubles on his hands
but the city is entitled TO know just VIII!
II is being vlctimized by the Secretar,
OF the Treasury"
When the Public Service Commission
presents to the Board of Estimate to-da,
its City Hall Park-Spruce street route
20 be adopted IL Mr.. McAdoo .alls to com
to terms, George McAneny will probably
call for the correspondence between tn
commission and the Secretary OF tn,
Treasury which has not been mad
public. II will be furnished The al
Tentative route proposal will be referre,
to the Board OF Estimates transit com
mittee and may be passed upon by tn,
board next woek.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-06-05
BUSINESS PROPERTY LEASES
Tenants Found for stores. Loft. .ns
whole Buildings.

Charles F. Noyes Company has leased
the store and basement At 262 Fifth ave-
nue. to the Smith-Gray Clothes Sion
Otore and basement at 2 Plat street 70
the Rumte Company; store at 81 Gold
street to Samuel NJ. Leve. and the store
ana basement at s39-S4l Broadway to "a.
II. Finke'esrin
Pease & Gilman have leased for Ben.
jamin N. Menke to John ]. O'Hare the
new two story garage to be erected on A
plot 50x100 at the northwest corner a,
Sixty-fourth street and Amsterdam ave-.
nue.. The lease Is for long term Of
years and the property will be used for
a public garage.
Shaw & Co. have leased the following
stores: I West i25th street to John =
Murphy and James J. Kelly, 216 Lerox
avenue to A. Heyer and 24l7 First avenu.
to John Schatx.
Pope a Bro. have leased two lofts IN
80 and SO West Third street to Gerbereux
Duff a Kinder.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-06-05

While trading In various sections Of
the greater city was good yesterday
there was no deal large enough to attract
particular attention. For q day of rain
the volume Of business reported was ex-
ceptionally good Apartments, tenements.
dwellings near Fifth avenue and in other
sections not so valuable changed hands.
The largest Of Manhattan's deals affected
uptown property. A triple apartment
house deal reported as being under ne
gotiations several days ago was finally
closed. An Amsterdam avenue corner
store building figured In trade for an
Audubon avenue apartment house site. A
construction company bought a corner on
Northern avenue. The extent of the
northward movement Of the printing trade
was Indicated yesterday by the announce
ment that most Of a thirteen story loft
building planned for West Tnirty-seven;h
street has been leased. Trading In The
Bronx was featured by the purchase by
realty company Of a 254 foot bl.lding
plot on FordGam road. Brooklyn was the
most active OF the four boroughs. Be-
sides sales of small dwellings several sites
for apartment houses were acquired by
builders some of whom have gone over
to that borough from Manhattan.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-06-05
MUST SELL PERE MARQUETTE.
Court So Declares After Planning
aA.OOO,OOO Receivers Certificates.

DErsoIr, June 4.--Judge Tattle In re-
opening the hearing of the pcsation or the
Pere Marquette receivers for the issue OF
SIP O00. 600 of receivers certificates. said
to-day:
~ will probably order the issuance OF
81, 900 900 of receivers certificates. one
third the amount asked for by the re-
ceivers. Whether place them before or
after the divisional mortgages Is i'm
material, for am convinced that the
sale of this road will pay all the DEBTS
and very much more.
''The one thing OF which I am firmly
convinced is that the sale must soon be
made and this receivership be OF short
duration. The receivers certificates II Is
sued, must mature at an early date.
Matters must be wound up ana THIS
road put back in the hands OF real
owners, who can go ahead and operate II.
l want it to be sold under the consoli-
dated mortgages"
The hearing was adjourned until July
for final settlement
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-06-05
roRDHAM ROAD STORE SITE.

L. NJ. Mosauer & Co. have sold for the
Keary estate the southeast corner OF
Fordham road and Marion avenue. va
cant plot having a frontage OF 2b4 feet
on Fordham road and 90 feet on Marion
avenue. The depth Is Irregular. running
from 80 to 10 feet. The property has
been in the Keary estate upward OF forty
wears and was formerly part OF the
Keary homestead. known as the Elms
n has been held at 100000. The pur-
chaser Is the Adams Realty Co, Milton
e. Oppenheimer. president. who will i'm
prove the property with one story store
buildings, about one-third Of which have
been rented through l.. M. Mosauer & Co
Hoppe q Moore will draw plans for tbs
improvement. The property lies within
rs feet Of Webster avenue, opposite th'
Fordham station OF the Third avenue L
and the New York Central.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-06-05
SCHURMAN PLEADS
FOR SHORT BALLOT
Tells Editors New Plan Would
Prevent Waste in State
Administration.

SYRACUSE, ". Y, June 4.-Jacob Gould
Schurman. president OF Cornell Univer-
sity. addressed the New York State Press
Association tonight on forms of Ameri.
can government that recently have come
under criticism. James Roscoe Day chan.
cellor OF Syracuse University, spoke on
sane Politics"
President Schurman's address follows ir
part:
In this State OF New York we
should have no State officials elected
by the people except the Governor and
the Leutenant-G Governor. All the rest
should be appointed by the Govern
or. This Is the meaning of the short
ballot. Obviously II makes govern
ment more efficient; for every OFF,
cial becomes at once responsible 10
the Governor. And while the voters
OF the State cannot follow the ad-
ministrative record of a host of sub
ordinate officers they can and do keep
their eyes on the Governor and they
will hold him responsible for the en-
tire administration from top to bot
tom
Legislators should take the respon-
sibinty for their own legislation and
not say, as we now SO frequently
hear them say. that II they are wrong
the courts will correct 1t.
believe that the agitation in favor
Of the recall of Judges and of judicial
decisions rests on a real grievance.
The people have felt that the courts
sometimes gave undue protection to
the property of individuals. and es-
pecially Of corporations, even when 1t
involved the sacrifice of the health,
safety, morals or general well being
Of the community. But the Supreme
Court Of the United States Is not In
any respect open to that accusation.
Chancellor Day devoted most OF hi
time to a defence OF big corporations an'
a protest against recent and proposed
| legislation for the regulation of bust
ness.
| He said. in part:
There Is every sign that the people
are locating the spot of their trouble
and the demagogues have run their
race.
Three Presidents will be buried in
| row. and over their graves the piti-
less sand OF oblivion will be so deep
that no verdant and beautiful things
| will grow there. and the symbols on
| their gravestones will be closed fac
tories and empty freight cars. and
nobody will go there to weep except
n very few disconsolate political kim
dred who will sit IA the sand behind
| the tombstones out of sight and be-
wall the days of promise that blighted
so sadly. In the vacant lots beyond
low markers without names or dates
will tell where lie buried the com
mlssioners and prosecuting attor-
neys.
Chancellor Day took a fling at Presder
Wilson.
Now we have an academician."
said. "a college president who manage
the country as he did unruly college st,
dents with little speeches and some pr
vate lambastings. We have been mao
little nervous by his attempt to sele
the best assassin for the presidency
our Mexican neighbor. Some of us didn
think 1t mattered a peanut shell whiC
cutthroat was president. Let them
each other with provisional recognize
of the survivor and they would kill eac
other on until Mexico got down to d.
cent and honorable men,"
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-06-05
BROOKLYN APARTMENT TRADE

Tha ROsa- Krafft COmDany has SOnI Tor
rosenb M BACON 10 the Serota Bros.
Construction Company twenty-six lots on
Ios,arn parkwav Union street, Lincoln
amd ~ John's nIaces, which the buyers
| Iii ,mnroya with modern anartment
ha,s.e In mart payment Mr.. BACON
rsca,,,ed sra and S7s bergen street. two
s'ar,n,ant bouses The trade Involved
1880 yaimas of s,6S 400.
p'VpeC' C'Rrien has sold for the Rradv
20 b,I,dars the block front On the
"a, ~, Nos,rand ayenue hetween
s,,s .,raa, ond r arysrta avenue Tha
,e. ne, s,'ras ooo taet on Nostrand ave
po' - 49, e., On aev.rts a,,anua and
nue. anu o.. ..1 ooo M a',,ohasars ria -
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-06-05
NEW REALTY CORPORATIONS.

The following realty corporations were
chartered at Albany yesterday:
Trustees Mortgage Corporation, Manhat-
tan; capital $1,000; directors. Van Wyck
Thorne. Forrest L. Lindley and Irving Elm
herman New York city.
Pompeii CONSTRUCTION Company, Inc.
Bronx: capital. $4,000; directors. Charlee
l.. Bowen. Vincent Robino and stephen
Galassi. New York city.
Coryell Building Company, Inc, Bronx
capital $1,000; directors, Frank @. Coryell
Nancy q, Coryell and Minnie c. Coryel
New York city.
Rex Building Company, Inc. BROOKLYN;
capital, $1,000: directors, J. G. Levy and
Maurice f. Miller. brooklyn; Leonora Shat
fer, Glen Ridge. n. j.
Bershad Realty Company, Inc, Brooklyn
capital, 81, 900; directors, David Vershadsky,
Morris Bershadsky and Rose Fischer. Brook
lyn.
Bell-Junius. Inc, Brooklyn; capital, $500
directors, Herman Heller. Yetter Heller sno
Yetta Saltzman. Brooklyn, n. Y.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-06-05
OPPOSES INCOME TAX RULING.
Opinion of Counsel Sent out by In.
vestment Bankers.

The Investment Bankers Association has
issued pamphlet setting forth opinion
OF counsel. Caldwell, Masslich & Reed,
strongly opposing the ruling of the Com
missioner Of Internal Revenue on collec-
ton Of income tax from partnerships.
The question covered Is the right Of In
dividuals OF a partnership to prorate on
their returns all the deductions from part
nership income specified In subsection y
and to exclude from such income interest
received on municipal bonds.
The opinion says; "It Is only necessary
to state the proposition that the right TO
Impose tax under the law must be found
IN the law Itself. not In the Treasury regu-
latIons. The law does not and could not
constitutionaiiy delegate TO the Commits
sioner Of Internal Revenue any power to
increase or diminish the tax imposed. The
function Of the regulations Is to collect
the tax. not to levy It"
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-06-05
ANOTHER WEST SIDE PRINTERY.
13 story Building TO Cost 100000
TO Bc Erected ON 37th street.

The six dwellings and flats at 43s to
AS West Thirty-seventh street, bought
several days ago by Harvey Underhill
from Theodore Yankauer. will be i'm
proved with a thirteen story building for
the exclusive use OF the printing trade
The building will cost between $35O,0O0
and 100000 and will be built from plans
OF Hill g. Stout, who expect to submit the
drawings to the Building Department
next week. The building will be 1876 feet
wide and $50 feet deep. Next to 1t is the
Twentieth Precinct police station, which
assures light to the building from that
quarter for many years. The building will
be constructed to carry $50 pounds to the
square foot. With the exception of a few
floors 1t Is said the structure has been
rented to printers and kindred tradesmen
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-06-05
TRIPLE APARTMENT DEAL.

Negotiations between the Henry Nor
genthau Company and William F. Burns
affecting three large uptown apartment
houses reported several days ago were
concluded yesterday The Columbus, a
ten story building at the southeast corner
OF Broadway and 18TH street, on a plot
l00x125. was the principal building in
the trade. Mr.. Burns In part payment
for It gave the Glenham, a seven story
building at 1926 Broadway. and the Elbe.
six story apartment at the northeast
corner OF Riverside Drive and 1880 rtreet.
The latter houses were valued 1T $780,
600 The Columbus was held a - $50. 900.
Arnold, Byrne & Baumann negotiated the
deal
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-06-05
OFFER HoLLINs SETTLEMENT.
Attorneys Present Plan for Taking
Over Firms Assets.

Beekman. Menken 4 Griscom, attorneys
for n b. Hoilins & Co.. have sent letter
to the creditors of the firm In which they
offer certain terms for the settlement Of
claims outstanding against the former
Stock Exchange firm.
1t Is proposed as the basis for such set
Element to sell all the assets Of the nrm.
including those in the hands OF the re-
ceiver. to a corporation which has been
formed under the name of the Equities
Realization Corporation and TO offer 10
the unsecured creditors the notes OF tho
corporation payable Ave days after the
transfer OF the assets to the company for
10 per cent Of their provable claims. and
notes OF the corporation payable out OF
the assets transferred to the corporation
when the assets are realized upon II for
30 per cent OF such claims.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-06-05
FETHERsTON WANTS $25s, 900.
Plans Model District TO Try New
Street Cleaning Method.

Street Cleaning Commissioner Fether-
ston will ask the Board of Estimate to-
day for $3.50. 900 TO establish a model dis
trict wherein he would prove that tho
whole city can be cleaned Of dirt and
snow quickly and wen.
His model district Is bounded by
Twelfth street, Fortieth street, Fifth ave-
nue. and the North River. Horses would
Oe replaced by traction engines. Refuse
would be carted off as soon MS collected
and househoders would use standard
form OF covered ash and garbage cans.
The system Of "scow trimming on the
river front would be replaced by power
operated devices for handling refuse.
The Commissioner thinks the city
would save sai,3i2 a year In each district
" the programme were extended. Total
\ reorganization and reequipment would
cost about sl5,e9o.oe0 and would take
three years.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-06-05
THE PHILADELPHIA MARKET.

PHILADELPHIA, June 1.-THE local mar
ket showed practically no change in con-
dition from those OF the three preceding
days Speculative interest continues at
an extremely low point. United Railways
Investment 5s showed a decided weakness
and 1t was the only feature of interest in
the bond market.
There was some demand for Electric
Storage Battery and General Asphalt pre-
ferred. but for most part In odd lotB
There was a better inquiry for money
which IL looked for toward the latter
part OF this month. and this may influence
the trading on the floor Of the exchange
The summary:
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-06-05
MORSE CANAL LINE CHARTERED
Thirty Electric Boats TO Operate BE-
tween New York and Buffalo.

ALBANY, June 4.-The New York and
Buffalo Steamship Company, organized
by Charles w. Morse TO operate thirty
electric boats on the barge canal between
Buffalo and New York city, was incor-
porated to-day with a capital OF $4,000,
The stock is divided into $4,000 shares
with value OF Sc each.
The directors are C. w. Morse, II. s.
Morse, Cyrus Robinson, John w. Hamil-
ton and NJ. L. Gilbert OF New York city,
S. l.. Munson. Jr,, and C. S. Sims of AL
bany G. yelling Thatcher OF Bennington,
Frank e, Howe, Frank Mccarthy, James
W. Fleming, Frank l.. Roche and George
c. Russell OF Troy. Mr. Sims Is vice-pres-
ident OF the Delaware and Hudson Rail
road Company.