davidaulloa/AmericanStories huggingface dataset:
Evening star., 1914-04-08
Doesn't Think. conaress VIII
BE MisIed as to Sentiment
on Tolls Issue.
FRIENDS SEE PURPOSE
TO DESTROY INFLUENCE
Belief Expressed That White House
May Issue Broadside Intended
as an Answer.

President Wilson does not believe
that Congress will be Influenced in the
slightest degree by what friends of the
administration claim is organized
campaign to misrepresent the senti-
ment of the country on the tolls ques-
ton He steadfastly adheres to his
confident prediction that the people
where they are uninf1uenced by manu-
factured publicity, are with the ad-
minstration and it's stand on this
question.
Friends of the President care little
about opposition of the kind that every
man and every newspaper or magazine
has a perfect right to make, it was
said today. 1t is recognized that men
and institutions are free to take sides
and express themselves, but the resent
| ment is directed against what are
charged to be deliberate falsehoods,
sensational Misrepresentation through
| pyrotechnical channels and methods
which a human spirit of fairness OBJ
! jects to.
May Fire Broadside.
! There have been hints that the admin
istration may have something to say
concerning the supposed motives back Of
the campaign, but there Is nothing Off
| cial today to bear out these tips II
President Wilson Is to fire a broadside
against the sinister features of the fight
he is keeping his own counsel. He may
not regard the time as opportune or the
game worth the cunning. He may not
regard the time as ripe to go to the coun-
try with suggestions that would throw
real fire into the contest but if he should
! will be no surprise.
| That the principal aim of the organized
| attacks in progress is to discredit the
President, putting him in the attitude
! of no longer having support through the
! country, his prestige in Congress and
elsewhere destroyed. is regarded by
friends of the President true That
this campaign is not fathered for any
other purpose is also believed to be true.
A Scrutiny of Motives.
/ The Gripping OF the Presidents power
would mean. it is pointed out. his decay
| as a facsor within his party and his
elimination the possible nominee of
the next national democratic convention
Is the present game political wholly or
do other motives. now being searched
| for enter into it?
| Advces today are that friends of the
administration in Congress who are
studying the new game of attack may
open up the question in Congress within
| a short time and there is no doubt they
| will do so il they obtain support from
the White House.
Evening star., 1914-04-08
TARIFF, NOT TOLLS,
FACTOR IN JERSEY
Republicans Assign Reasons
for Election Result in
Seventh District.
SAY THE PROGRESSIVES
ARE BACK IN OLD PARTY
Democrats Contend the Administra.
ton Policy Was Not An Issue.
Expected Republican Success.

Drukker's plurality. $3.50
Woodrow Wilson. running
for governor in 1910. lost this
district BY 1000 majority
Coy. Fielder of New Ter
sey, elected governor last
November BY 10000 plural
lty, lost the district by 5000
votes.
Evening star., 1914-04-08
THE DAY IN CONGRESS
Senate.


Met at noon.
Canals committee arranged plans
for public hearings on the Panama
tolls exemption repeal, which be-
gin tomorrow.
Senator Bryan attempted to
force the woman suffrage amend
ment off the calendar on a point
of order. but was defeated by
Vice President Marshall, who
overruled him.
Senator Weeks continued his
speech or the Panama tolls ex-
emption repeal. analyzing treaty
provisions.
Agreed to take up the radium
conservation bill Friday.
Met at noon.
Miscellaneous bills on the calen-
dar were considered.
Lands committee continued con-
sideration of the coal and oil
leasing bill.
New Jersey delegation asked the
rivers and harbors committee to
appropriate for dredging Newark
bay.
Representative Murray of Okla
homa spoke in defense of his vote
on the Panama tolls repeal.
Evening star., 1914-04-08
WEATHER.

Rain tonight, with rapidly fall
ing temperature: Thursday fair
and much colder.
FULL REPORT ON PAGE EIGHTEEN
Evening star., 1914-04-08
Controversy Presents Difficulties.

Continued on Eighth Page.)
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-05-09
Vicious Financing.

The railroads are willing enough to
have a federal board take the place OF
many state boards in regulating their
issues Of securities. but they are not
willing 10 indorse the present plan for
making the change. From their point of
view the measure before the House
might better be called bill for the pro-
motion of vicious financing. To overcome
the objection that the railroads would
be embarrassed by prolonged waiting II
they were forbidden absolutely 10 issue
securities before they had been author
ICED by the Interstate Commerce Com
mission. the bill proposes 10 exempt a
limited amount OF one-year financing.
That is. u would make short-term financ-
Ing almost continuous with the roads
short-term financing. where the proceeds
20 into fixed investment. is almost al
ways wrong. not only in theory but in
practice In effect. II is the creating OF
floating debt, and floating debt has sapped
the life OF many railroad and deceived
thousands OF investors. Oftener than not
il has evaded notice until the post NOR
TENS have appeared in the newspapers.
and then II was too late for anybody TO
90 anything.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-05-09
STOTESBURY NOW
HEAD OF READING
He Succeeds George F. Baer-
Four Other Offices
Filled.

Philadelphia. May Edward T. stotes-
bury. OF this city, q member Of J. p. Nor.
gan a Co. and Of the Drexel firm Of bank.
ers in Philadelphia, was elected to-day
president Of the Reading Company. the
holding corporation for the Philadelphia
a Reading Railway and Philadelphia and
Reading Coal and Iron Company. Theo-
dore voorhees,. vice-president Of tho rail-
way company. was made president OF that
corporation, and w. J. Richards, VICE
president and general manager Of the
coal and iron company was elected presi-
dent OF that organization.
All three succeed George r. Baer in tho
presidency of the different companies.
At Tn, same time Mr.. Stotesbury was
elected chairman Of the board Of directors
OF the railway company and OF tho coal
and iron company.
With the elections I'VE men now fll
places in the Reading-Jersey Central sys-
tenn formerly held alone by Mr.. Baer.
Last week tho Central Railroad OF New
Jersey elected Vice-President W. G. Bes-
Ter head Of that railroad. while c. f.
Huber was made president Of the Lehigh
and wilkes-Barre Coal Company, Jer-
sey Central subsidiary.
Mr.. Stotesbury has been a member Of
the Reading board for several years. He
was not a candidate for the presidency OF
the holding company. but took IL at the
request Of his fellow directors.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-05-09
M'KENNA REDUCES
HIS R. |. ESTIMATE
Better Crop Prospects Make
Revision of His Figures for
Roads Needs Possible.

Summaries of the reports OF Z. w. Nc
Kenna, who was sent out by the bond
holders protective committee Of the Chi
cago. Rock Island & Pacific Railway
Company to make an estimate OF Its
financial needs, showing his reasons for
fixing upon a total of tS000.oO0. were
made public yesterday. There are two
reports. the second having been drawn up
after q conference with T. M. Schu-
macher, chairman OF the board Of d.
rectors. who had previously estimated
that the road needed 100000, and with
II. U. Nudge. president OF the company.
Mr.. McKenna did not in the second re-
port recede from the position taken in the
first. that fully ss5,0C0.00o or which nearly
100000 was for deferred maintenance.
was needed to put the road Into first
class condition, but he revised the capital
requirements TO a three-year basis, In
stead of five. In the lesser period, he
thought. there should be expended on this
account 81. 100000, or Al,oOo,0OO In five
years; 100000 in each OF the next two
fiscal years and sl2.0oo,oOo in the following
year, with $4,000 additional as a partial
payment on SIS. 0O0, 900 Of new equipment.
About 5000 cars Mr.. McKenna found,
should be retired. though 1000 were per-
haps In condition to be repaired so as to
last from two to five years longer IL
SIS, 00o, 600 we're to be spent for 1000 new
cars there would be a saving In main
tenance of about ssss0co year The saw
ing in operation from the expenditure OF
s41, 900 900 on capital account would De
81, AZ, ls4 a year more. Then, he estimated
the betterments to the road and equip
ment and the fine crop prospects would
probably add 100000 to the company
earnings, OF which sl5Oo.Oo0 could be
saved to net. Altogether. with these and
other items. there would be total OF
1884. 49i, produced by an expenditure OF
about s65,oOO.0oo.
Advocating besides the construction or
the short line from Chicago to Kansas
City. Mr.. McKenna stated his belief that
It would place the whole property In
condition OF such increased efficiency that
sufficient earning power would be devel-
oped TO restore the stock Of the railway
company to at least its par value, and II
Is within the possibilities thdl IL S"N'"
he raised to such value, say at the end
of FIVE years, as to enable the company
to take care OF some of its future IMAM
cling through the sale OF common stock.
In the original report nearly 100000
of the $50, 10000 is set down for deferred
maintenance. In the supplementary re-
port it is noted that crop conditions have
so changed for the better that an addl-
ton of 100000 to the company's net
earnings can be safely counted upon and
that it will not be necessary to draw upon
capital for deferred maintenance, since
the money formerly spent in DIVIDENDS
will more than provide what is needed.
In fact, the extra 100000 in earnings
says the report. may go to meet interest
on any new obligations assumed by the
company.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-05-09
CASH QUOTATIONS,
GENERAL MARKET REPORT.
New York. May s. 1914
GRAIN

WHEAT-Ihe government report on winter
wheat, Issued after the close OF the marNe. on
Thursday. failed TO be a market factor and II
vas apparent that it so nearly in line
with general expectations that traders were
not disposed 10 change their views on the sit
nation. Prices early advanced /. 20 a., and
Whlle the gain was lost under profit taking
ana mai quotations we're 4 70 &c net lower
the tone was steady. and there was al alb
sence or aggressive selling In the local cash
market. No hard winter wheat YVES quoted
al VI ". New York: No red. 81 03ia.
to arrive; No Northern Duluth. 81 ON and
No Northern Manitoba, 81 ON. o b afoat.
CoRN-News from the Argentine was rather
CONNECTING, and the market was nervous adj
'ancins &c early but closing az a net decline
OF sc. The Buenos Ayres market was irmer.
opening at an advance OF 3. 10 lac while
shipment and 6Snc for July, about y TO lc be-
low the recent high point. In the local cash
market, No yellow corn quoted at i6esc,
10 arrive. OATS-rhe market was steady
early. but eased or late with corn. and at the
close was u to NC net lower. Cash market
steady; standard white quoted at 4iis 90 45c.
No ?. - 10 45l7c; No g. u To 4fiac, No l. i3ia
TO Hc; ordinary clipped. asa 10 46c: fancy
clipped, Asa TO 47c all elevator. RYE-Steady.
No , Western. 6sb4c, New York export.
BARLEf-Steady. mailing. 60c, c 1 Z Buffalo
opening navigation. Wheat, including Hour,
exports for the week. were 3.776.ls0 bushels
compiled by "Bradstreets. against 1884, 4l6 the
previous week 32l4. $50 last year: since July
l. 2B.552.5s9. against 1871. 756 last season.
Corn. exports for the week. 81. 059. against 52
sos last week and AL, g3i last year. since July
l, 2,5790Ss against 80. %. 355 last season.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-05-09
Burden for tho l. c. c.

Even as long ago as the days Of the
Hadley Commission it was a recognized
fact that the Interstate Commerce Com
mission had too much to do. Apparently
the authors OF the House bill have a
different idea. They cannot have heard
the almost universal complaint over the
length OF the proceedings in the rate case.
and certainly they can never have at
tempted 10 get. say, railroad statistics
from that slow-moving body. Otherwise
they would certainly have known and
would have proposed to put the security
regulating power into some other hands.
Either that. or they would have increased
the membership of the commission ana
selected part of it to do the new WORK.
As II is. there is only the faintest chance
that a commission working under tho
provisions of the proposed law would ever
be any less than a year or 80 behind IN
its rulings on applications. If favorine
markets would only stay favoring untii
financing was concluded, there might not
Be any great harm In delay. but II Is not
at all likely that they would. Evidently
then. II the House bill becomes law
the railroads will have TO look further
ahead into the future than they have ever
looked before. and the chances for spec
ulation will be largely increased. with
out any great benefit to the investing
public.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-05-09
BOSTON WOOL MARKET.

to.,o, Nav S-"The Commercial Bulieuh
iii ssv Of the wool market tomorrow:
':'Manufacturers have continued 70 sno" mee"
,-..rss, in the new arrivals of domestic wool.
n,h,.h are being taken as fast as they come 20
49,, AZ fully recent quotations There nss
hn.n fairly good business done IN foreign
u'ooi. also. almost everything except low
rro.sbreds nnding a market The market rs
more buoyant as q result OF the strength 81
LIn nss,nx domestic quotations; Ohio and
psnnsyIysnia nseces-belaine washed. 2Th9
5sr. one-half blood combing. 25a25ae; three,
eiehths 2Sdcsc: eelaine unwashed, 5ng
olc nns. 22c. Michigan and New York-fine
unwashes Gle: deiaine. 22922He; one-halI
Blood unwashed. 24a25c; thres.sighths; 2Sg
SsIs WISCONSIN and Missouri-Thres eighth.
blood 24c: one-quarter. 2+c. Kentucky ana
simIIar-One-hslf blood unwashed. 24f2'c;
three-eighths. 25Q26e. -.
secured basis-Tsxas. hne - months; o.g
Sc. sns q 10 s months. 50G52c; nne fall. t5d
47c. caiifornia-Northern. 5og SIC middle
county. tsG4sc; southern, <2g43c; fall free.
sSSt3c oregon-Eastern No l staple, 5Iq59c
Clothing. 53g54e: valley No. /. 47G4sc. Terri
,ory-Fine staple 5s8oOc: fne medium. Sd
Sac fine clothing. 55e57c: nne medium. $40
Ssc one-half blood clothing. a0Gc; three
eishths combing. 46f4sc.
PULLED extra. 57a6cc: "A. oigoec; A supers.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-05-09
TIE METAL MARKETS.

copPER-Ths local street market Tor cop
r.r was unsettled with eiectroiyuc t"ei4"c
and casting 1SS914hc. STANDARD copper GA
ths Metal Exchange was dull at lsS7ho
20 s,iIo for spot. May. June and July In
iS n0son copper closed steady at ie2 les Sd for
emo, and fes IS 81 for futures
TlN-ouiet. with New York spot NAY May an. ana
June quote as.soasS'So' July, Ss.so"o 90 ,Ss
,nru., So ooas3 Soc and September SS.oos
% Mu e." sales on the local exchange amounted
% o. o. ,.ns In London tin closed easy at fSl
,ss = for spo, and fiSs Is Cd for fa,ur so. 49,.
LEAp-ouiet New York, ssaaS's0o' ana
East St Louis s.75aS.sSc IN i0'''"
closed at Els 10 Sd. ,, lion
spEIrER-ouiet. New York spot 0ivS
go rs., 81. Louis. A05a5.ooc. In Lon
Son shelter closed at f21 rs Cd
NEUTRALITY-SUSPICIOUS. No g. oi' % o.",.,s ,,
A., Local iron market quiet at slo zo@sio -
con NJ foundry Northern; sloasie 30 for NO
., Nor,bsrn si4 7SasiS 2s for No Southern
,ch s,s hoNsIt for No z.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-05-09
Brokers Wait Downtown
to Hear Result of the r
"Mop" Meeting.
DECISION RECALLS A
CHAPTER OF FINANCE
Missouri Pacific Directors Have
Three Weeks Left In Which
TO Devise a Plan.

once in while. when there Is a
chance of some particularly important
Jews coming out in tho late afternoon.
trokers stay downtown after the close
~ the market. They did yesterday at
,ernoon and were rewarded From the
behavior OF Missouri Pacific and the
heavy dealings in the stock during the
day Il was pretty evident that n crisis.
ss the news goes. WAS at hand. The
event. as II proved. was foreseen. though
IN. result OF the Missouri Pacific d.
r.ctors' meeting was something Of a
surprise IL was pretty generally ex-
peoted that there would be hitch In
the negotiations with Kuhn. Loeb & Co..
the hitch 30 be furnished. as usual. by
George Gould. For once in a way.
though, it was not Gould who decided
az the last minute that the terms Of
bargain were too onerous. That is. I'M
less in the letter which Is 70 be made
public on Monday morning there Is still
bered what had happened a couple Of
years ago. when Kuhn. Loeb & Co. were
invited into the Missouri Pacific coun-
ellis only to find after a fortnight that
standing room only had been reserved
for them. looked forward to yesterday
afternoons statement from the bankers
with interest that could hardly be exag-
serated. And they were not disappoint-
ed Whatever the bankers did say.
there was nothing in their explanation
which in any way could be twisted into
enthusiastic praise of what had been
accomplished with Mop" since they
walked right in and turned around and
walked right out again.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-05-09
Further Delay Likely.

There are still three weeks before Mis-
SQUIRT Pacihcs s25,o00.OoO of notes ma
ture. That means that the directors will
not be too pressed for time to consider
whether to accept the plan suggested by
Speyer & Co. the systems bankers, to
refund the notes with other notes and
a cash bonus or TO adopt new plan.
The declination by the other bankers to
participate in the company's financing
will possibly provoke an earlier an
rouncement. There may be one to-day.
since the directors adjourned yester-
days meeting until 1880 o'clock this
morning. But the probability Is that the
fun three weeks will elapse before the
final decision is made.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-05-09
BRITISH BUY OIL FIELDS
Earl Grey Tells of Syndicate
He Has Formed.

San Francisco. May s.-Earl Grey. for
mer Governor General OF Canada. before
leaving last night for Los Angeles. an
nounced the personnel Of syndicate
winch win spend millions OF British
money for the purchase OF two OF the
largest oil companies in California. HIS
associates are Lord Pirrie. head Of the
nite Star Steamship Line; Sir Thomas
Heyden. deputy chairman OF the d.
'e''orate OF the Cunard Steamship Com
pahy; William Anderson. a Danish ship
s|Hoer; Sir William Garston, who has
ven engaged in Egyptian irrigation prof.
o's; Sir Edward Ward. former Secretary
Y me British War ONCE and head of one
hnsland's large steamship companies.
'0 Andrew Weir, president Of the Weir
Steamship Company.
HTa< Grey will h the chairman OF the
Electorate.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-05-09
PRICE MOVEMENT
in COMMODITIES
Wheat Loses an Opening
Advance-Corn and Oats
LOWer-COffee Dull.

Crop prospects as shown by the gov
eminent report were discounted In the
early wheat trading yesterday. IN which
the principal supporting factor was a con-
tinuance OF the foreign buying which has
been apparent for the last week An ad-
vance Of Nc to SC. however. attracted
profit taking to such an extent that last
prices showed scale down 20 net NC to 40
under the previous closs. Offers from the
Argentine at lzc to 1c below the recent
high mark affected the local corn mar
kef. and net decline Of &c was the out
come Of the days trading. Oats sagged
In the late trading and lost nc TO No
net for the day.
Coffee trading continued its dull and
characterless course. with price changes
so small as to be without infuence. For
eign markets were also dull and the local
close was at net point higher 10 points
lower than the close on Thursday.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-05-09
Exchanges May Merge.

A meeting Of members Of the New York
Produce Exchange was held yesterday az
ternoon in the board room Of that insti-
tuition for the purpose OF considering tho
ACCESSIBILITY of appointing q special COM
mittee to confer with similar committee
from the Consolidated Stock Exchange
REGARDING matters OF mutual interest
While this was given out a. the object
of the meeting. 1t was said that In re-
ality II was for the purpose Of talking
over a plan for bringing about a merger
Of the two exchanges This matter has
bsen considered for several years past by
an element Of the membership Of the
New York Produce Exchange.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-05-09
WHEAT EASIER IN CHICAGO
Other Grains, as Well as Pro-
visions, Show Declines.

Chicago. May S-Predictions OF the ear,
lest harvest ever known In the oh.eSS
States made the wheat market ease on ~
strength. Closing prices were steady 81
shade to AaSc net decline. All inc
other leading staples, too. had sometnins
OF a setback-corn, &c to NC; oats, " 70
&c. and provisions. &c to l6c IL was fvI. =
hopes OF bullsh spectators IN wheat
Dispatches were received saying the OK.
lahoma fields were all headed and tEat
signs pointed to cutting being general TINS
season ahead of any previous record Ihe
effect on prices here was Immediately ev.
dent and was continuous for the rest OF
the day, although the market was far
from being demoralized. Range OF prices
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-05-09
American Public Utilities.
5000 Idle Car Increase.

There was a net surplus of 22s.s7s Idle
cars on the lines Of the United States
and Canada on May l. according to the
fortnightly bulletin Of the American Rail-
way Association. made public yesterday
This is an increase OF 5000 over the
number reported on April 10.
During the two weeks ended May the
gross surplus Of idle cars increased from
9,s s.4 to go. 1888. but the shortage increased
trou, Az 10 1854 The net surplus Of box
oars On Nav was 1887 and the coal car
',..,,,,s was lOo.37O. The fiat car surplus
decreased from iol@ TO ss"'
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-05-09
PHILADELPHIA WOOL MARKET.
[By Telegraph 10 The Tribune.

PHILADELPHIA May Slack OF Interest - -
shown In the local wool market athoutn
prices are advancing Rather than ouy ",
advance OF the demand. manufacturers arr
only taking enough to supply their immediate
wants The market is topheavy. ana psIoI I
there Is any spirited buying Il must underso
n revision downward. Dealers IN domestic
eradas cannot compete with foreign WOODS
Which are beginning to arrive In large auan ~
nrico. offered by the mills, az the demand
rom the growers is TOO high. Quotations are
New York. Michigan and IndiananFlne o ae.
ma. S,,,,, ,aiSlsAc. low medium. e3lsd24c;
hreia and low combing. 1920: bury. seedy
and cotted. i7flsc Ohio. Pennsyiyanigas a sna
xVona above 2sTgc; fine. medium, 2n2c
low. medium. 2sa27c: unmerchantaole 23es &c
nne delaine unwashed. 22G2ic; or ~ 1,g
ssn. ane' medium 24i7c: medium, 4c io"'
-,sd,um o4c: braid and low combing. ls92lc'
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-05-09
Yester
SUGAR.

Refined was firm. With a moderate demand.
although renners generally anticipate a little
more activity. All refiners now asking
8 e5c for fne graduated. Trading In raw was
q little auieter. but the tone vas still nrm.
With holders asking 5-32c for Cuba for lsts
May shipment and 3-loc for June shipment.
although rehnsrs were not very aggressive, the
liberal purchases Of the last week apparently
having satisfied their demand for the remainder
OF the month. and there were no sales reported.
Some Porto E,cos we're sold on the basis OF
g. lac for centrifugal. amounting to about 10. 600
Rags. 10 local rehners. and II was generally be
ueVtd that cubas were sold 20 an operator az
5-S2c for late May shipment The market
closed Arm at 3. lac for centrifugal, acc for
molasses and 2hc FOR Cubas. cost and freight
L. LONDON the beet sugar market was quiet
and rather easier at Ss md for spot, Sc Ard
for June and Us cad for August. with tho
curb a, % 2Ad. 81 III and 9s 61sd respectively.
Willstt & Gray: Total stock OF Europe and
America, 40i1. 2s2 tens. against Assn. $50 tons
last year at the same uneven dates. The in
crease Of stock Is i23. SOC TONS against an in
Z q, Ii 10 tnnx las, ~ 10. ~ :.