davidaulloa/AmericanStories huggingface dataset:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-04-02
M. P. RUMOR PERSISTS
Kuhn, Loeb and Blair & Co
NAV Take Gould Holdings.

Despite the absence Of official confirma-
ton. reports persisted In the financial dis
trict yesterday OF an impending change in
the control OF the Missouri Pacific Rail
road. The bankers who were said TO be
NEGOTIATING the deal whereby George
Gould Is 10 dispose OF his Missouri Pacific
holdings are Blair & Co and Kuhn. Loeb
& Co
Representatives OF these two banking
houses were in conference, and II was not
denied that the Missouri Pacific matter
was the chief topic OF discussion. In well
Informed quarters II Is believed that the
negotiations have reached the stage where
the signature OF Mr.. Gould is the only
thing necessary TO put the deal through.
The syndicate which may take over the
Gould holdings in Missouri Pacific will be
financed largely by Standard Oil money.
II WAS asserted. The stock continued
,trong yesterday. opening ut 3k and
closing Mt IN. n gain OF IN points over
Tuesdays last sale. The number OF
shnres dealt in was 800.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-04-02
HUGHART HEADS G. R. & !.
Last Years Earnings of the
Line Were It's Greatest.

Grand Rapids. Mich. April John "A.
p. Hughart. OF Grand Rapids, was elect
ed president OF the Grand Rapids &
Indiana Railway Company to-day. Will
lam y. Wood, superintendent OF the East
ern Division Of the Pennsylvania was
elected general manager. @. l.. Peck, OF
pittsburgh. was elected vice president. In
charge Of transportation, and d. F. Nc
cabe. vlce-presdent in charge Of traffic
The earnings Of the road for the year
were the greatest in its history. The
gross earnings were S6So.Z3l. an increase
OF slA.9si over 1912. The Income from
other than operating sources was s5l.s33.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-04-02
PERE MARQUETTE DEFAULT
No Interest Paid on Underlying
Bonds. Due to Court Order.

No interest OF the obligations OF the
Pere Marquette Railroad was paid yes
terday owing to an order by the Michigan
District Court. As a result committee
was formed TO protect the holders Of the
defaulted securities. 1t consists Of Stan
ford d. Grape, Detroit; Oliver Prescott.
New Bedford, Mass: r.. V. r. Hcyt.
Boston; Henry r. Hoyt. New York. and
a fifth man yet unnamed. This COM
mittee II to act for all the underlying s
per cent bonds OF the old Flint e. Mar
quette Railroad
A member of J. P. Morgan d Co. ex-
plained that the court refused TO allow
the payment Of the April interest be
cause OF certain debts incurred by the
receivers. The amount of yesterdays de-
fault was placed at $4,000. The man.
agement wished 10 issue receivers certi-
fcates to reimburse the company's treas
ury, but this the court has not yet al
lowed.
When the receivers OF the Pere Mar
ouette were in this city about three
weeks ago the conviction was expressed
that a defult on the April interest might
result In the disintegraton OF the sys-
tenn into twenty-five separate railroads.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-04-02
QUEENS TO FIGHT;
FEARS WATER GRAB
Mass Meetings To Be Held in
Borough to Protest Against
Foley-Maier Bill.

The citizens Of Queens are UP in arms
meetings are TO be held throughout the
borough this week Borough President
Connolly has asked every civic organiza-
ton In the borough to fight the bill and to
send delegations TO the public hearing.
which is 20 be held in Albany on April 10
State Senator Bernard NJ. Patton said
that he and other New York legislators
were deceived into voting for the bill.
"Assemblyman Maier contends, he
said, that the application of the provi-
sions Of this measure. so far as it relates
TO the City OF New York, was brought 10
the attention Of those legislators handling
the bill. and there was n specific agree
ment 10 amend the measure so as to ex-
empt New York City from the provisions
OF the bill. This agreement was wilfully
violated"
Senator Patton said that the bill was
one OF those passed with a rush In the
closing days Of the Legislature, without
any very clear idea as to what it was.
"In proof that this bill is aimed directly
against Queens and in favor OF the pri-
yate water companies in our borough he
said. az wish to state that Henry De
Forest Baldwin, president OF the queens
County Water Company. and William +.
Sheehan. one of the shrewdest manipu-
lators of legislation in the State OF New
York and for many years attorney for the
Citizens Water Company, OF Newtown,
we're among the sponsors OF this measure
and worked assiduously FOR its passage.
They we're assisted by Robert Grier Mon
roe. who acts In conjunction with Mr..
Baldwin in reform movements in New
York City"
Henry r. Towne, chairman Of the Mer-
chants Association committee On water
supply, said yesterday that the Foley
Maier bill was most Objectionable and
would prevent the city from using the
new Catskil water supply. except IN q
manner approved by the political
board" at Albany.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-04-02
Commerce Commission
Will Put Aside All COL
lateral Issues.
CONTINUOUS HEARINGS
ANNOUNCED BY BOARD
Railroads Statement Gives
S600,000,000 as Average
Yearly Expenditure.

Washington April Whether or not
the Eastern railroads shall make a gen.
eral increase in their freight rates may be
decided by the Interstate Commerce Com
mission within a month. That the case
would be disposed OF at much earlier
date than had been expected became APP
parent to-day on the commissions deter
mination 10 hold continuous hearings until
all testimony is in, even though the rail-
road representatives cannot close their
final statements tomorrow night, as
planned.
Recent developments tending TO show
the necessity for quick disposition OF the
question have caused the commission to
put aside for the present all collateral
issues and devote its attention almost
wholly TO the rate question. When all the
evidence is I'm the case may be submit
ted upon briefs, with brief, II any, oral
argument.
W. ". Williams. third vice-president OF
the Delaware e. Hudson Company. sub
mitted an elaborate statement Of the gen
eral financial condition Of the railways.
1.-THE average amount annually expend-
ed by the railroads during the last elk
years for additions and betterments." he
said, has been substantially S600,0oo,ooo,
and to earn 40 per cent on this amount
would require additional receipts OF SIS,
544,O61. Notwithstanding the large capl-
tai expenditures made by the railroads
the economies and increased traffic result
ing therefrom have not been sufficient 10
Offset the increased cost of wages, ma
terials, supplies and taxes, so that with a
substantial increase in their fixed charges
the railroads have had less amount with
which TO meet such charges III the rail-
roads are to secure sufficient funds their
credit must be improved, and this can
only be accomplished by larger excess
Of current earnings over the current cost
OF operation and taxes.
Harder to Get New Capital.
There has been a general increase IN
the interest return demanded Of invest
ment securities. and at the same time
railroads have been forced to meet grow
ing competition in the investment field.
The ability of the railroads TO secure
now capital has been impaired by the
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-04-02
JUDGE W. L. DAY RESIGNS
Salary Too Small, He Quits to
Look After Future"

Washington, April 1.-The resignation
OF William l.. Day as United States
Judge FOR the Northern District Of Ohio,
TO take effect May 1, was received to-day
by Attorney General McReynolds. He
is son Of Justice William r. Day, OF
the Supreme Court. and was appointed
IN May. 1911.
Judge Day said to-day: II am resign
ing simply because Of the inadequacy
of the salary Of United States Judge. I
am young man, have a family and
believe I have a future. must look
after it, / become member OF the
legal firm Of Squire. Sanders q Dempsey
on leaving the bench"
Judge Day is thirty-seven years old.
He was United States District Attorney
previous to 1911. His home is I'm Can
ton. Ohio.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-04-02
MySs IN lslo-an increase Of 10 ~

N,Ss IN lsit-an increase Of 10 pse
cent"
Mr.. Delano. president Of the Monon.
explained In detail from charts he had
prepared the plight In which the roads
Of Central Freight Association territory
to-day find themselves"
A. H. Smith, president Of the NV York
Central. described the financial situation
on that system, dwelling at some length
on the necessity with which he said the
system had been confronted Of laying of
longtime and experienced employees and
Of curtailing expenditures In improve.
n,erts
Since September. lslA" said Nj. smith,
we have been forced to reduce our opes-
atins force by 1850 mon. In February o.
this year, as compared with February Of
last year. We had 1900 fewer msn- Our
gross revenues in 1913 were SeAooo,ooo more
than they were in 1914 yet our net income
was S.2Acoo less than Il was IN isdA BE-
fore We had put the Immense amount q
new capital into the property."
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-04-02
Upholds Spirituanye VIM.

Camden. n. j., April 1-Chf1stlAm 0ReoS
sells. who has a hotel In NswaTk ~. J.
was arraigned to-day before Vloe-Chan-
cellor Leaning or Q charge of falltu1 -
support his wife ana his dsusht9. DmmA.
now living hero Gr>ssels explained tha1
his wife and daughter were sptrttualAsts
and that they insisted on holding seanoss
at home, 70 that life with them was un-
bearable. The Vice Chancellor said that
was no good reason for not suppoPting
them, and ordered Greesels 10 pay . .
week TO his family. with back AlimOny
amounting TO 500. Gressels had 10 put Up
a cash bond OF $500
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-04-02
STEEL ORDERS LOWER
Reduction Of Mill Operations
Expected This Month.

Trade publications report conditions IN
the iron and steel industry such that moro
than a railroad advance Is needed to al
low steel mills to run full. April starts
with orders on hand greatly decreased.
and reduction In mill operation is ex-
pected.
The Iron Age" will say to-day The
prominence given to the heavy reductions
Of railroad train, shop and track forces
has intensified the unfavorable sentiment
in the steel trade, and comparisons with
the low ebb Of demand in November and
December are common. The state OF mind
Of the entire trade is seen in the growing
belief that more than railroad rate ad-
vance is needed to give the steel mills
work enough 10 run full.
THE beginning of the second quarter OF
the year has developed this much as to
prices OF plates. shapes and bars. On con-
tracts calling for 81 more on shipments
in this quarter than has lately been paid.
shipments will be made at first quarter
prices. The tendency is to even lower
prices than on some first quarter con-
tracts Pig iron markets have rarely come
so near to a standstill. Southern iron Is
lower and $40 so is reappearing as the
prompt price for No. foundry iron at
Birmingham"
"The Iron Trade Review" will say
There is little to be said as TO the course
OF the iron and steel trade at the present
time. except that new business still drass
and the outlook is subject OF mixed
sentiment The mills began April with
much reduced order books, compared with
the beginning of March. and In natural
sequence some gradual slowing down OF
mill operations is to be observed. As
vet this diminishing activity is more pro-
nounced among the smaller than the larg-
er producers"
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-04-02
FIRST SALMON FOR WILSON
Early 18-Pound Catch Sent as
Gift to White House.

Bangor Ne. April THE first salmon
taken at the Bangor pool, on the Penob-
scot. this spring was caught by Michael
Flanagan to-day and is now on its way TO
the White House kitchen.
The fish weighed eighteen pounds and
wa. pronounced beauty by dealers. II
was first bought at 81 so a pound by a
grocer who sold IT to a group OF men who
,pisb.d to give Il to President Wilson.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-04-02
Cannon Here, Mum on Politics

Joseph q. Cannon. former Speaker OF
the House of Representatives. arrived in
New York yesterday, and will spend sew
eral days at the Waldorf. He said that
while the political situation interested
him he had no comments to mako on
matters OF state.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-04-02
Rumely Family to Withdraw.

south Bend. Ind. April lie. A.
Rumely and A. J. Rumcly will retire
from the board OF directors OF the NJ.
Rumeiy Company at meeting April 6.
New members of the board will be l.
be Rruyn and r. W. ShIpley. Of Chicago
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-04-02
Banks Arc Prosperous.

The loan and discount increase, taken
with the fact that individual deposits in
creased in the same period by more IMAM
s3o, 10000, was said 10 be an indication
that national banks are in condition 10
meet the demands Of the new system
According the statement, the re-
sources and liabilities OF the national
banks were 81, 5S4 ,4s7, go; their capital
stock was 1896 4S2.12o, and their indi-
vidual deposits. Sc. ,32s,457 Their re-
serves were put at 31,547,5s2,SIb, an aver
age Of 2os2 per cent. and $7.52,42 above
the amount required by law
The cash IN banks has decreased since
January, 1914. about 100000. but has
increased over April, 1913. about so,coo,ooo.
In March the new banks were author
lied 70 begin business, and since the cur
rent act was signed there have been ia
anplications for conversion into national
banks or entrance into the new system
as state institutions.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-04-02
CENTRAL EARNINGS
SAG; COST MOUNTS
Decrease of 81 Per Cent in
February's Net Revenues
of All Lines.

Another example Of the plight OF the
railroads seeking an increase in freight
rates was revealed yesterday in the re-
port Of the New York Central for Febru-
airy. The earnings last month were great
ly affected by the heavy snowstorms and
we're doubtless worse than would have re-
suited under moro normal operating con-
ditons.
Increased wages and charges due to the
full crew law, and In the case of the
Cleveland, Cincinnati, Chicago & St Louis
for restoration OF damage due TO floods,
added more than $4,000 to last month s
operating costs February gross on all
lines was slS923.272, decrease OF 1888, lol,
and net after taxes amounted to only
500. go, loss OF g, 1854, or e per cent.
For the two months Of tho current year
ended February % the Now York Cen
trails operating revenues were $39,sl2,lE.
a decrease Of Sc, io7,1 o4. and net earnings
were s., ST. a decrease Of s6,oss,OS. or
the subsidiary lines included In the report
the Cleveland, Chicago. Cincinnati st.
Louis. the Chicago Indiana & Southern.
the Lake Erie 4 Western, the Cincinnati
Northern and the Toledo & Ohio Central
showed operating deficits. The following
table shows the February, 1914, earnings
of all lines composing the New York
Central system, as compared with 1913:
NEW YORK CENTRAL & HUDSON RIVER
nrcrudinr Tanston q Albany
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-04-02
reduction Of the factor Of safety Of m

vestment"
W. C. wishart, statistician Of the New
York Central. testified concerning a
railroads cost OF living"
Rates Of pay for transportation have
gone down sharply" he declared. The
consumer OF to-day can secure more
transportation for given amount OF
goods than he ever could before. and the
carrier continues 10 sell at declining
prices regardless of cost OF production.
While transportation revenues. per unit
OF traffic. appear. since 1902, TO have re-
manned fairly constant. IL is estimated
that the actual compensation 10 the car
rier is 40 per cent below the level Of
that OF 1895. The ability OF a railroad
to purchase labor. supplies and credit
has been impaired by the general in
crease in commodity prices In the face
OF a fixed rate OF return per unit OF SER
vice. While average revenues have de-
clined somewhat, wages have risen n
per cent per unit Of traffic. and other ex-
penses and taxes about IL per cent per
unit OF traf1c.
Wages have risen a. a result Of arei-
tration. mediation and the general de-
mand Of higher pay in all branches Of
industry. but stockholders have not re-
ceived relatively as high return as they
received in the late nineties'
Repairs Are More Costly.
j. T. Wallis, general superintendent Of
motive power Of the PENNSYLVANIA, testi-
fled that that system was obliged now to
pay far more for repairs, supplies and
general maintenance Of equipment than
ever before.
THE Penn sylvania system" said he,
paid out s72,s7l.5S for maintenance Of
equipment in 1918, as compared with $Ss.-
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-04-02
%. Altman 4 On.
The Corset Department

has i'm stock, at reasonable prices, a very large
and comprehensive assortment of WOmen's
Brasseres and Bust Supporters made of all
over embroidery (net-iined), embroidered
linen and the desired laces, including Clumy,
filet, point de Flandres, Venetian, Bruges, etc.
Soutens=gorges, for evening or general wear,
are shown inn white or pink sole Milanaise
at SCoSW
Jtfth Aurnus, 14tb unh 18th strrrts, Mem Vnrk
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-04-02

Life is worth living after all. Get
into the Ben Franklin Quiz and youIl
have o real, fascinating interest.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-04-02
Authorized Capital of the
Regional Centres To Be
About $100,000,00O.
LAST FIGURES SHOW
FINE CONDITION
Reserves Above Par-Institutions
Are Ready to Meet Demands
Under Revised Methods.

Washington, April THE new federal
reserve banking system will start business
with a total authorized capital Of about
800 900 for all reserve banks no mat
ter how many institutions the organiza-
ton committee decides to set up This fact
was made known tonight, when hgures
were made public from all national banks
responding TO the last call of the con-
troller of the Currency, made on March T.
The statement giving these figures VIII
be the last of the kind before the system
becomes effective. unless the admnlstra-
tion DELAYS the announcement OF the re-
serve districts. The total capital and sur
plus Of the 7,494 national banks reporting
was given at about sl,IS8,oO,Wo uhder
the Glass-Owen law each national panh
must subscribe s per cent or Its capltai
and surplus to the capital Of the reserve
bank in its district and 8 per cent OF TINS
total would be about sl07 100000.
State Banks to Enter.
Their. were only 1856 national banks
which sgnifed within the legal time their
inten lion to enter the system, so that the
total would be somewhat reduced; but the
entrance of state banks and trust com
NAMES will tend to offset this. and 1t IS
possible that with these institutions the
capital of all reserve banks VIII approx
mate sllo, 10000
The actual working capital or tho re-
serve banks may reach half this amount
for the law provides mandatory subscrip-
lions of only three-sixths of the totai o
per cent. The Federal Reserve Board 0he
machine which will direct the SYSTEM ~
authorized to demand the payment or the
other three-si1ths.
The statement to-day shows national
banks in excellent condition to meet the
demands of the new law. Some obserV-
ers we're surprised BY the fact that loans
and discounts have increased instead or
heing curtailed. Loans and discounts on
March 4, 1914, amounted to $685., 53oSss'
gain over January 10, 19l4-the time OF the
last csll-of slS2,l;o,9G6.
Subscribing banks rust begin payments
for their reserve bank stock thirty days
after the announcement OF the district
and reserve cities. and 1t was believed IN
some quarters that to-day's statement
might show a decrease IN loans and dis
counts because OF this.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-04-02

sSuplus.
The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1914-09-15
NO SIDE TRIPS
The Czar Decides to Go
Straight for Berlin.
Determined to Take German
Capital at Any Cost.

Petrograd, Sept. 15.-That the pro-
posed invasion of Hungary by strong
Russian body has been definitely
abandoned was intimated here today.
1t is realized by the Russian general
staff that the German resistance will
be very strong and it has been defi-
nitely decided that the entire Russian
field army will be sent to capture
Berlin.
The czar is determined that Berlin
shall be taken if it costs the Russian
empire it's entire fighting strength.
Because of this 1t is officially stated
there will be no side trips The crown
land of Buckowilna was taken and the
passes through the Carpathians have
been held purely as defensive meas
ures.
The Russians intend to utilize part
of Austria for the passage Of their
troops toward Berlin but it is unlikely
that any real attempt will be made to
invade Hungary proper. The Servian
troops may do SO and will be aided by
the Russians il every way, but the
main Russian column. after the Aus
traian army is completely disposed of,
will be sent directly across Germany
il possible
The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1914-09-15
OFF $4,000 VOTES
Bull Moose Make a Poor Show.
+. ing in Maine.
Both Democrats and Republic
cans Make Gains Over 1912.

!. Portland. Me-, Sept. 15.-The Demo-
cratic victory in Names state election
yesterday was measured by the 3,5S7
plurality by which Mayor Oakley c.
Curtis OF Portland defeated Governor
William T. Haines, Republican, for re-
election, according to unofficial re-
turns from all but 81 Of the 521 cities
and towns today. All four congress-
men, three Republicans and one Dem
ocrat, were elected.
In vote heavier than that cast at
the last presidential election, both
Haines and Curtis ran well ahead OF
the Taft and Wilson figures, while the
Progressive vote cast for Ha1bert Par
ker. the head Of the ticket, showed a
pronounced slump from that cast for
Roosevelt. The comparative returns
available from 484 cities and towns
give:
Haines. Republican, 57,662; Taft,
Republican, 26, ,121; Curtis. Democrat.
61,249; Wilson, Democrat 5O,451;
Gardner, Progressive, 17,443; Roose-
welt, Progressive. 479O4
The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1914-09-15
HooRAY, Old SOL IS OUT FOR
GREATEST KANSAS EXPOSITION!
BIG DAY TOMORROW.

Wednesday viii be Farmers Day
at the fair. Implement dealers
and newspaper men will also be
given special consideration. And
in case the morning is fair the
merchants will decide to "close
shop in the afternoon and call II
Topeka Day" The employees OF
the Santa Fe offices and shops viii
also be given an opportunity 70
attend the fair when Topeka Day
is declared.
The gates of the grounds will be
opened to the public at eight
O'Clock. Judging in the livestock
department will be done in the live
stock arena beginning at o'clock.
BY 10 o'clock the special shows on
the grounds will be in full opera
tion. Conway's concert band and
the Loi Gooch opera quartet will
give a concert on the plaza at IL
o'clock, and also at 4:3O o'clock In
the afternoon.
The special Farmers Day pro-
gram will start out at 9 o'clock
with the opening of the three-day
butter-fat contest and demoastra-
tions in the dairy department. At
$3.50 judging in the agricultural
hall Of the big farm exhibits will
be q feature. Lectures by Harry
Gray of Luray, A. p. Reardon of
McLouth, and Albert Docking of
Manhattan-an farm experts-will
begin at 1890 o'clock. Professor
Mckay will give lecture on dairy
ing at IL o'clock.
Marshall's military band will
give a concert at o'clock in
front of the grand stand. The race
program. which will be started be-
fore 1880 o'clock If possible, will
be . double bill. Aside from the
regular races for the day post
poned races will be run.
After o'clock the admission to
the grounds will be but twenty-five
cents. The special shows will be
. the attraction at Z o'clock. Con-
ways band and the Lois Gooch
quartet will give q concert in the
horse show tent at 1880. The
horse show proper will start at
8:15.