davidaulloa/AmericanStories huggingface dataset:
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1914-09-21
BANKS HERE WILL
CONTRIBUTE TO
GOLD POOL FUND
Clearing House Meets to
Consider How Sum Will
Be Divided-"We Are
All Ready" Says Rue.

Philadelphia will contribute $4,000, 900
toward the s1oO,oOOoOO fund which will
be raised by bankers in the United
States to relieve the foreign exchange
situation.
This became known after the meeting
OF the Clearing House Association this
afternoon, called to consider the amount
that banks in this city would supply.
Members of the association. after the
meeting, would make no announcement
of what took place. but it is understood
that the amount agreed on was ss,OOo,oOO.
Levi l.. Rue, chairman Of the Clearing
House Committee and president of the
Philadelphia National Bank said that the
institutions in this city would subscribe
whatever amount Secretary of the Treas
ury McAdoo shall decide. He said that
information had not yet reached this
citycity as to the exact amount institu-
tions here will be asked to furnish.
philadelphia stands ready to furnish
her quota said Mr.. Rue.
How the individual banks will contrib
ute to the fund could not be learned, nor
how the amount will be divided among
them.
Formation of syndicate will be the
first actual business that will be done.
1t Is believed and not more than two or
three days will be needed for this, at
the most. In this syndicate there will be
included the city banks in the reserve
cities of New York. Chicago and st.
Louis. Since many large cities are listed
as country banks these may also be
asked to contribute.
1t is understood that assessments will
be made generally in proportion to the
gold holdings of banks. On completion
of the syndicate, subscribers will be ask
ed to forward % per cent of their sub
scriptions. S25 100000, to New York. An
officer of the Clearin gHouse Associa-
tion today expressed the opinion that
large part, if not all of this S25. 900 900.
would be forwarded to the treasurer of
the Dominion of Canada, at Ottawa, soon
after its receipt.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1914-09-21
INCREASE IN FIRE
INSURANCE PREMIUM
COLLECTIONS HERE
Gain of $40, 1882 Noted in
Receipts of All Companies
in First Half of Year.
Total Exceeded $3,000,-
600.

Gain of $40, 1872 Is recorded in the amount
of fire Insurance premiums collected here
during the first six months of this year
by all OF the companies doing business
In Philadelphia. Total collections for the
period aggregated 1901, ,5s4. az against
SS,o45,4o2 in the first half OF 1913.
or the total collections between jan
uary and June 30 this year. income of
Philadelphia stock companies totaled
s550,ns; Philadelphia mutual companies.
flO6,4s7; Pennsylvania State companies,
SlH,792; New England companies, s452, ,213;
New York companies, s7O2, S24; New Jer-
sey companies, sl35,699; Southern COM
panies, S64,O62; Western companies, $780,
$780, and foreign companies, $685.
Liverpool and London and Globe Com
pany. foreign corporation, heads the
list of Individual companies, with income
receipts during the period of SIT 500 Fire
Association of Philadelphia is second in
the list, with a recorded premium income
of $113,6Oe
The following table gives a record of
the payments received by Philadelphia
stock and mutual companies during the
period. compared with income for the
first six months of 1913:
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1914-09-21
CARRIAGE SALES
BIG, DESPITE THE
ADVENT OF AUTOS
Builders Declare Business of
1913Largest in Trade His
tory-Convention to Meet
in Atlantic City.

The impression has gained currency,
because of the popularity of the auto
mobile, that carriages are no longer
manufactured in very great quantities.
Yet the committee on statistics at the
convention of the Carriage Builders
National Association. which meets in
Atlantic City, N. j., September 8th to
October I'd, will show that considerably
over one million horse-drawn vehicles
were built in this country last year.
Large as is this figure it does not in
clude business, farm or trucking wagons,
but takes account only of such vehicles
as the buggy, surrey. and other light
carriages.
Statistics show that there were made
on an average of a million to million
and a quarter horse-drawn spring We
hicles each year for eight years prior to
January /, 1918, and during the year
1918 the number exceeded 100000. These
figures, which are partly due to the in
crease in population, naturally inspire
confidence in the present and the future of
the carriage and wagon industry.
1t is fair to assume that the vehicle
product OF 1913 was sold for more than
SEQ, 900 900. A minimum of s35,OO0,000 IL
invested in carriage factories in this
country, to say nothing OF the enormous
capital involved in the wagon business,
while the investment in manufacturing
establishments making materials and
parts exclusively for horse-drawn We
hicles is probably as much more.
The coming Atlantic City convention
is the 42d to be held by the vehicle mems
organization. which was instituted in
1872 making it one of the very oldest
trade bodies in America. The associa-
ton does not fix prices nor take any
action in labor matters: its functions
are mainly directed to the uplift and
advancement of the industry. and to the
promotion of a friendly spirit among its
members.
The Carriage Builders National Asso-
ciation has been favored in past years,
at their conventions with the presence of
a number of prominent men, who al
though not in the vehicle businetss, never
theless were pleased TO address the car
riage builders on subjects Of interest to
them. Among these men have been the
late President Mckinley, General Will
liam Tecumseh Sherman. oliver Wen
dell Holmes. the poet. and others of
almost equal fame This year Hon
John Barrett, director of the Pan-Ameri-
can Union at Washington, and formerly
United states Minister TO several South
American countries, will address the as
fsoCation.
In connection wrh the convention there
will be held an extensive exhibition of all
materials, parts ad machinery used in
vehicle building. which will bring to the
attention of the 1900 delegates all that is
new in these lines.
There is much room for optimism in
the carriage huSinesis and il will be a
contented and enthusiastic gathering of
prosperous manufacturers that will crowd
the Million Dollar Pier at Atlantic City
during the last week in september.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1914-09-21

BESSEMER B0NDHoLDERS
URGED TO MAKE DEPOSITS
Minority Committee Is Investigating
Interest Default on Co.'s Securities.

Minority Committee Is Investigating
Interest Default on Co.'s Securities.
Holders of Birmingham, Ensley and
Bessemer Railroad coupon first per cent
bonds, interest on which was defaulted
on September 1, were today requested
by the Minority Bondholders' Commit
tee to deposit their bonds with the Amer
lean Trust Company in Boston or with
the West End Trust Company in this
city, which is the agent of the Amer
lean Trust Company.
Investors in this city hold approximate
ly 100000 of the bonds. and holders of
about si,OOO,OOo of them have agreed to
deposit them with the committee. The
Minority Committee is now conducting an
investigation into the affairs of the
Birmingham, Ensley and Bessemer Rail-
road.
Members of the Minority Committee
are: Chairman, S. H. Cunningham, Bos-
ton: Oscar r. Dare, Philadelphia; Boyd
Mcdowell, Elmira; J. N. II. Campbell,
Hartford. and George T. Wood, Louisville.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1914-09-21
STILL cURTAIL DIVIDENDS

Because Of business depression. inhu.
enced by the European war, eight COM
panies either deferred or passed their
dividends and three companies made re-
ductions last week.
Among the companies that passed their
dividends were the Republic Iron and
Steel, on preferred; Nova Scotia Steel and
Coal. on preferred and common; Crucibla
Steel Company of America, on the pre-
ferred; Central Coal and Coke, on the
common: Calumet and Arizona Superior
and Pittsburgh; Harvester Corporation.
on the common, and Augusta, Aiken Rail-
way Electric, on the preferred.
American Express Company reduced its
dividend from III to / per cent; Standard
Silver Lead Mining from 21a to per cent,
and Old Dominion of Maine from 81 to Is
cents.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1914-09-21
UTILITY DEFERS DIVIDEND
West Penn Traction Directors Say
Co. Must Conserve It's Cash Resources

West Penn Traction Company has de-
ferred payment of its preferred stock
dividend. The last disbursement was IL
per cent. made on July 10, this year.
In announcing this action its Execu-
tive Committee issued the following
statement:
ION account of the present business
depression it appears that the cash re-
ouirements of this company during the
years 1914 and 1915, may absorb the cash
resources, because of its obligations to
make large payments for constructions
and additions TO its plant and property.
The company has on deposit a large
construction fund. but in the expenditure
thereof it Is under contract to make a
during those years"
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1914-09-21
RAILROADS URGED
TO ADOPT GREATER
EFFICIENCY PLANS
Roadmasters of Country
Want Motor-driven Ma
chinery to Supplant Old
Hand Methods-Say Saw
ing Will Be Large.

Larger application by the railroads OF
the country Of scientific efficiency prin-
ciples in their equipment departments 10
being strongly urged by the Roadmasters'
and Maintenance OF Way Association OF
America.
Statistics compiled by the association
show that while the weight of tracks used
by railroads throughout the United States
has increased but 81 per cent. in the last
20 years, the unit load hauled over the
tracks has in some cases increased more
than 300 per cent
Increase in the weight OF track has
necessarily called for the employment
of more men to care for the track under
the heavy loads which 1t is required to
carry.
The association recommends that motor
driven machinery and tools be used by the
railroads so that larger amount OF
ground can be covered and better care
given the maintenance of tracks.
Toward the increase in efficiency. use Of
section motorcars is considered an inn
portant part. 1t Is pointed out that where
motor driven machinery Is used II will
result in a saving of cents a mile. the
cost Of fuel TO the motorcars, repairs, de-
probation and wear Of car and time OF
the men. In view of this It is recon-
mended by a committee reporting to the
association that motor driven cars be used
instead of handcars.
HnHudl CoIiN"ntloH OI lne HHerlCdn
Railway Bridge and Building Association
will be held in Los Angeles october 20,
Fl and %.
Preliminary hearing on proposed
changes for the next classification issue
will be held in New York tomorrow by
the official classification committee.
Alton, Jacksonville and Peoria inter-
urban line, now owned by company
headed by j. c. Van Ripper, of st. Louis
has made application for permission to
issue s150,00o Of stock and 5000 bonds.
The Illinois Public Service Utilities COM
mission has the application under con-
sideration.
Baldwin Locomotive Works will build
one Mikado type locomotive for the San
Pedro, Los Angeles and Salt Lake Rail-
road.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1914-09-21
CAMDEN MAYOR SUMMONED
Must Tell State Health Board Why
Sewage Plant Was Not Built.

\ summons 10 appear before the state
Board of Health, at Trenton, on Sep
temher %, has been served on Mayor
Ellis, Of Camden, that he may explain
why the State should not take action
because Of the city's failure TO build a
sewage disposal plant In compliance with
the order Ia that effect issued In 1910,
AccOTdHg 10 the terms of this order the
city was To have completed such a plant
before september l. 1913 Two plans one
drawn mp by City Engineer Farnham and
another by Street Commissioner Sayers.
were submitted. but neither was approved
bv the board The city then awaited sug-
gestions from the Board Of Health. but
none was given and the date for the COM
p.etion Of the plant passed without any
steps being taken toward its construction.
CITY Solicitor Bleakly will represent
Camden in the comLng inunLrv
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1914-09-21
WAR AIDS HOSIERY MILLS
Manufacturers in This City and State
Certain to Benefit.

American hosiery, &C per cent of which
is produced in Pennsylvania. in the be-
lief of experts, will be greatly benefited
by the European war. Whatever benefit
does result from the Made in America"
idea in hosiery, the eastern section of
the State and Philadelphia in particular
will experience the good results Ninety
two per cent. of the States hosiery mills
are east of the Susquehanna, and the
output of the Philadelphia factories com
prises 10 per cent. of the total production
in the State.
The question of dyes for stockings. deal
ers say, will take care OF itself despite
all talk 10 the contrary.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1914-09-21
COMPANY CONTESTS MANDAMUs
Denial Made of Stockholders Charge
Of Irregularities.

Denial of charges made by William De
Cou, Jr., a minority stockholder in a
petition for a mandamus was made IN
Common Pleas court today by the Mana
tawny Bessemer ore Company. Stephen
Robinson, Jr., secretary and treasurer.
and a director OF the company made the
answer
De Cou charged secret and irregular
methods in the conduct Of the business
and asked the court TO compel the COM
pauv 10 allow him 10 examine all records.
In the answer the company contends that
De Cou's lawyer wanted TO examine the
hooks for "ulterioT purposes The COM
pany holds that De Cou may inspect the
records, but his lawyer must hc excluded.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1914-09-21
SALES FORCE COMING HERE
Cambria Steel Co. to Locate Depart
ment in This City.

The Cambria Steel Company's entire
sales department Is to be located in
Philadelphia after October list, with
main Offices in the Morris Building, Chest
nut street west of Broad street
At present the sales department OF the
steel plant is located with the firms main
plant In Johnstown. Pa In bringing the
sales department to this city the Gambia
Company counts on getting closer to the
markets OF Philadelphia, New York and
the East.
1t was rumored that the company con-
templates opening extensive branch Of
fees in the more important South Ameri-
can cities within the next few months.
pany in this city would talk of such a
plan, no denial was made when the ques-
ton was asked one of the department
heads who was visiting in Philadelphia
this morning.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1914-09-21
DIVIDENDS DECLARED

International High Speed Steel, regular semi
annual per cent? payable September 81.
Gold and stock Telegraph, regular quarterly
IA per cent, payable October l.
Ohio Fuel Supply. regular quarterly per
cent payable October 10.
Syndicate Film Company, initial per cent
on both classes Of stock, payable October /
to stock of record September 20. There was
also charged off to depreciation S125,OOO.
Canadian Explosives, regular quarterly Ia
rer cent. on preferred payable October 10 20
stock of record September 80.
Canadian Consolidated Rubber. regular quar-
terly ia per cent, on preferred and / per cent.
on common, payable October l.
Ottawa Light Heat and Power, Ltd. regular
quarterly per cent. payable October l to
stock OF record September 20.
American Seeding Maching Company. regu-
lar quarterly of lia per cont. on preferred and
| per cent, on common payable October Is to
stock of record September 30.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1914-09-21
AFTER MONEY HoARDERS
Treasury Department Begins Inquiry
Of Complaints Against Banks.

Following the announcement by Secre-
tary Of the Treasury McAdoo that he Will
withdraw emergency currency from banks
which have been denying loans for legiti-
mate commercial purposes, II was an
nounced today that Comptroller Williams
is investigating complaints Of this sort.
The complaints indicate that the banks
demand abnormally high rates of inter-
est The Comptroller, It is understood.
is telegraphing the banks to furnish him
with a list of loans and the rates charged
in each instance.
E Where 1t is indicated that a bank re-
fused loan because of insufficient funds
the Comptroller has decided to investi-
gate the reason of this shortage, and
will advise the bank to take out emer-
gency currency 1nvestigs tions conducted
thus far show that banks are not at
fault.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1914-09-21
PUBLIC UTILITY NOTES

The total of electric generating capacity
and power purchased for use at the an
thracite mines Is 79,S11 klowatts, which
Is approximately equal to 105,4OO horse
power The horsepower produced by
steam at the mines is given as 531, $50 in
the last annual report OF the Bureau of
Mines of Pennsylvania.
The Cleveland Railway Company has
been authorized by the Ohio Public
Utilities Commission to issue and sell at
par pro rata to the company's stock
holders 81 O6S,5 500 common stock. The pro-
ceeds are to be used for extensions and
improvements and oreimburse the
treasury for capital expenditures already
made.
The Ohio Public Utilities Commission
has authorized the Massillon Gas and
Electric Company to sell 900 first
mortgage per cent. bonds at so.
Contracts with 673 customers for sos
kilowatts of lighting and 3OS horse
power in motors were closed in the week
ending September by the Minneapolis
General Electric Company.
To establish irrigation and power
plants in Western States. the National
Hydro Electric and Conservation Com
pany has been Incorporated in Delaware
with capital of Sl0,000,0O0.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1914-09-21
LOCAL BANK STATEMENT
Increase During Week of $3,212,-
600 in Reserves

The weekly statement of the Philadel-
phia Clearing House banks and trust COM
panies shows an increase in bank re-
serves. The increase during the last week
amounted to 900, and brought that
item up to SSs.f COO
Both deposit items also show very
marked gains over the previous week.
individual deposits s4O6O0OO and deposits
of banks S2.l170O As was the case the
previous week, Clearing House exchanges
last week fell off again, showing a de-
crease of slSl, 90
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1914-09-21
PHILADELPHIA MARKETS

Rico, 81. 25q3 -; Florida, Sia25O. Cranbcr.
rles, Cape God. Early Black, per bbI 81 SlU5
SSTTan9err!es. cape God Early Black per crate
$i'l9g3 cranherries. Jersey, per crate-Darl
quart. igsc. Peaches. virginia. per 2O-Ib
basket, 25a |c.; do, do. per crate 75c d$l so.
45c 4t,5c do, do, per crate, 75t dSl %. peaches,
iennsylyanla, per baskct-Iarge white or vel
seyi white per Ss-baska, zoe asl; DO DO.
gen2w' ger 2hw' per AInaskst ~ gSl, Pears. nearby
SS2'7'NGa.25; C!aPP,s, Ea,orite. No. /, s3.5Oq5;
20 40; Ns.I|p3.@5 other varieties, S2d d3
pears, New York, Seckel, per bbl. SIu5
ara slI pes. Southern Delawares, per carrier 4Oa
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1914-09-21
CONDITION OF U. S. TREASURY

WASHINGTON. Sept. 2l.-The cond-
tion OF the United States Treasury at the
beginning of business today was
Net balance in general fund, S11S, ,624,-
$50; total receipts yesterday. s2.S5l, ,6g9;
total payments yesterday, s3,O5s3l2.
The deficit this fiscal year Is 81, ,445.SOO
against a deficit of SO 500 last year
exclusive of Panama Canal and public
debt transactions.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1914-09-21
THE MONEY MARKET

NEW YORK, Sept 2L-Condltious in
the money market reflect an improylpp
tendency. Not only Is there a better
feeling prevailing. but lenders are gonn-
what inclined 10 grant accommodation ON
shifting 10 a per cent. basis for ~
uewals.
For time advances borrowers are hid
ding per cent, but Institutions ho,.-
ever, are stiu insisting on 10 per BON,
for various maturities. There Isl how
ever, virtually no fixed rate lending.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1914-09-21
FINANCIAL NOTES

Ful returns of the national banks of
rrnlladeIphia to the Comptroller of the
currency as Of September - show they
increased their note circulation s., 700 500
Tner June 80, Total circulation outsta nd
-ns on september ~ was Sl7,S41 g75 COM
pared with sl2l2O,7ss on June 80 This is
ne larsest note circulation reported by
a.! the local banks since May "A, 1908, when
stood at sl7,95s, 6is 1t marks an eX-
pshslon OF s60lsl93 from the low level
IL H. recent years, 1il,S23,6S2, recorded on
Jon. Iohn ~ Willys, president OF the Over
hai nhu company, has Joined the "buy-a-
ba,,,sI cotton movement. He has
an O., a psle OF cotton for each of the
overland dealers in the South. He
ssys he will buy an additional bale for
saeh overland car sold during the two
"''"'hs ending November IT,
n, ne subtreasury lost $4,000 to banks
saturday and since Friday $4,000.
nm. rne Calumet and Hecla Mining Com
conirsnts nss renewed It's steel construction
the ba.i They had been held up since
s'"'ihs OF the European war.
NJ. There has been placed on tbe r.suIar
p q, aI y, the Philadelphia stock Exchange
and ;PaI. sualtlonal American Telephone
telegraph convertible aus.
.ths A., PEARSON has withdrawn from
oi Elkins, Norris & Co.
Tr.D,ist ns gross earnings of the LehIgh Valley
eompsrsd ,iiit ipany IN August were yl7s, ,O5i,
of ne ca "a with N75.s6i In the same month
reDrss.lp previous year, an increase OF 5000,
moptS Jung the largest business for ann
atIpS IN ~ the companys history. Oper-
Gonna Hpehses for the month were 8S3. 42I
making mEie9 a. with ssS.7s5. a decrease Of s2s75,
H5s53 @ tne net earnings for the month
There h 'St 3so loi. an Increase of s5466
ialNl ca balance for the month OF
Ns5A go sra,1. sS earnings for l2 months were
sgsiast ,sss ssssiRst s4a N7li.0Os ana net ss57 76g
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1914-09-21
LIVE STOCK QUOTATIONS

CHICAGO, sept q. -- HOGS. - Receipts
2d0O0; market strong; mixed and butchers
IS. 50g0,2O; bulk. S6.26aS. so. CATTLEERe-
celpis, u 90; market steady 10 lUC higher;
heeyes. S725Gu; COWS and he.fers. SidG IS
stoekeTs and feeders, 81 81 5tGa 35; Texans
ceipts, 81 600; market iOc To soc. lower; ma
tive and Western. 50, 1876 lambs. s. 1915 Is.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1914-09-21
PROVISIONS

A light Jobbing movement and little
smoEsd ana aFdfed iaa2oG' G's Western is,s Sesi
and tenders. smoked and air-dried, 32qai..;
Western beef, knuckles ana tenders, smoked 90
q. Hams: s, p. cured Loose, ~. .al6t,c. DO
skinned, loose, 15i5HiG; 90, do. smoked $50
5Esnd and ayeragSe "a 100; hams, smoked,
less 2sq2ac,; picnic shoulders. :. 2. cuTel
Ic2Se, l2gl2Tc; do smoked l4Gl+iac;
bellies in pickle. according 20 average loose
lGa lsc breakfast bacon, as 10 brand and
bacon, westSrn egTed 22624c' lard, Wyss'a1S Wessr6
tubs, IIisdiiS.c; iard pure city kettle
rendered, In tierces llAal2c.; lard. pure
city. kettle rendered. IN tubs, lI&1l2C.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1914-09-21
MINING STOCKS
GRAIN AND FLOUR

-. MHEAT'E7-Receipts, 1860 bush There
p9rters Spring wheat was Ic lower. but
Winter Winter ruled steady Car lots. In export Gle
EaIof' NO. : red, spot and September 81 .19U
Northern Duluth. 81 27Tl32
CORS.-Receipts. 4O4s bush Demand
fairly active and prices lc. higher, under igh5
onerings. Car lots for local trade, as 10
yellow. SSd sSIgc
OATs.-Receipts. sO292 bush. Market
strong and izc. higher with fair demand Tor
local consumption and export No. . white
62g a"3e; standard white, 5iigq55c.; No, 8
white. AGhi2C.
FLoUR.-Receipts, 1900 bbls., i.s2s, ESQ
lbs. in sacks. Trade SLOW, but min limits
straight, S5a5,25; DO, patent, S5.+Od5 IS
kansas straight, iute sacks. s52oI5 50, DO,
patent, jute sacks, S5.GDG5.9O spring first
clear, $3.50 25 do, straight, IS 25a $50; do.
patent SSD46; fayorite brands, 81. 25aG ~;
do regular grades-Winter, clear, 81 75a5
do straight, S5a56 60 do, patent, S.5NdG.
hfE FLOUR. Rulsd steady but quiet. at
S5A5.5 20 per Dbl. Nm MlOi. E.' ~