davidaulloa/AmericanStories huggingface dataset:
The labor world. [volume] (Duluth, Minn.) 1896-current, 1914-06-20
BERGER PREDICTS
4 4 SEVERE i I CRISIS !| S
Former Congressman From Mil
waukee Fears Hard" Times
for Coming Winter.
SUGGESTS TAKING !. =.
OVER COAL MINES
b ould Buy the Mines and oper.
4 ate Them for Benefit Of the
People.

That the present business depres-
sion is more than merely psychology
cal,' as termed by President Wood
row Wilson, is the opinion of Victor
Berger, former Socialist Congressman
from Milwaukee. -. u
The business if this country is now
facing very serious crisis, he thinks,
and conditions mucn worse, than
those of 1898 may be expected be-
fore the next winter is over. The
seriousness Of the condition is greatly
Intensified by the high cost Of living,
preventing many thrifty workers
from saving during the summer even
if they have jobs This, he thinks,
will cause a great deal of suffering
II do not wish to don the toga of
a prophet" he said, NOR do I wish
to appear as one spreading evil news,
but the present condition is more
than just psychologically bad. There
is a real industrial crisis which is be-
ing keenly felt all over the country.
Not only are workingmen feeling its
grip, but business men all over the
country are complaining of the great
business depression. 49, -.
Bitter Crisis Coming.
1.-THE conditions at present, how
ever, are not half as bad as they are
to be in the coming winter. Usually
Workingmen are able to save little
during the summer, if they are
thrifty, and in such a manner, pre-
pare themselves for the hardships Of
the winter. This will not be possible
this summer. The prices of food
products have gone up to such, an
alarming extent that no workingman
can save anything, no matter how
frugal he is. It is impossible for him
to do so. The prices of food are SO
per cent higher today than they were
In i89 8. This must be taken into con-
sideration.'' :sE, ~ q,
l. sBerger,s attention, was directed 4to
the recent outrages in olorado@ and
to the lack of measures taken by the
government in bringing about an
equitable adjustment Of the struggle.
Reminded of the loss of human life,
the horrible massacre Of children and
women, he said: Il am not a silent
nor a loud mourner. I believe in ae-
tion. @s.@[
Would Have Demanded Action.
Had I been in Congress, I would
have advocated that the Congress in
vestigate the cause of the bitter strife
which caused SO much unnecessary
bloodshed. That, however, is not all
I would have also advocated that a
commission take over the mines and
operate them for the people, while
the investigation was in progress. : ]
do not mean that the mines should
be confiscated, no! I would have a
commission fix the price of the. mines
the real values of them, and Mr.
Rockefeller would be Justly. compen-
stated. Unlike President Wilson,
| would not send any one to see Mr.
| Rockefeller I would act in behalf
| of the people. : j.
| However, at present we cannot
| dictate to Mr.. Rockefeller what he
should and should not do The mines
belong to him, he owns them, and we
have no legal right to dictate a. policy
Continued on Page 3. =
The labor world. [volume] (Duluth, Minn.) 1896-current, 1914-06-20
FAVOR LITERACY TEST.

( :. WASHINGTON June 19.-At a
convention. of the District Epworth
league, resolutions approving the Dill,
lingham Burnett immigration bill,
and especially the literacyt.te test, were
adopted. This bill is being strongly
urged by the American. Federation OF
the senate. s*st $. 5.S s5<.s
The labor world. [volume] (Duluth, Minn.) 1896-current, 1914-06-20

Continued on. Page 8.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-03-07
INCORPORATED AT ALBANY.
[By Telegraph to The Tribune


Albany March 6.-The following incor-
porations were fled with the Secretary
of State to-day:
The White Plains Modern Laundry M WIZ
Plains: SO. 900: George r. Barrett NO. - lsi,
err avenue. White Plains. George J.. hdiie''
and Francis Y. Bopper, White Plains.
Harry LADDERS Film Company Msnnst,s,, 3
$1,000; Abner t. Stupel. No. 10 br1ao W. -
New York: Peter 4. Lee and George r. MAJ
T. G. sykes s Co. Rochester; eontractins
S25 900; Edwin e. p kes. Earl d. Wilcox ana
Beverly Hills. Rochester. realty; $50 ooo;
Elizabeth y Canister. William II. canister
and William J. Trimbie Rochester. ,,..a,,,r.
Indestructbe Tire Corporation. Mammalian u. u,
5000 geo: Albert L. Potter. No. 6's West l'sth
street New York. John \. inslee and Ansein'
p. Anderson, New York -, CON
The Liebig Remedy Company. Bunalo: ~
coo: Robert T.. Rayman. Kenmore. y \ -.
Wiley Hickok and Charles Dream. Buffalo.
Punchflm. Manhattan: 100000: John Byrne'
No. 30 West l42d street. New YORK, Johh D.
Hickey, New York. Robert Eble. Brooklyn
Sidney Hostein-Frlesian Corporation. SD
ney: $50 900: Robert W silver and Joseph n
Broas Sidney y. y. Austin H. 'oodr'c"'
Hayone Corporation. Manhattan; merchan n.
disc; $50 600; Ourward r. BurcheIl. No. ~
Broadway, New York. Robert y. broueh ana
Mansfield Ferry. New York.
Petit. Marshall d Co. Broohlyn; mercnsn-
disc. $4,000; Louis R. Petit. 10 81 2Ss Fsi nt
Isaac Marshall Brooklyn.
Uyde's Improved Hydromaze Company Man
haitian. plumbing supplies; $1,000 tranK ~.
HYDE No ~ East 93d street. New York.
Mary \. Hyde and Frederick y. HYDE, Ne"
York
New York salesthyl Corporation. Manhattan;
drugs chemicals: So 600. Daniel + BERG
hemer No. II Wall street. New York; James
A. Byrne and Arthur A. McGiyney. New York.
National Railroad Advertising Company.
Olesn' 1000. clair Merritt. Gordon cook and
John Dugam. Ole2n.
Cleruont Realty and Holding COMPANY.
BROOKLYN $1,000. Edwin g. Williams. No. 33s
Clermont avenue Brooklyn: Gardiner -.
Matthews. Brooklyn. Max Freedman New
York ,
suits. 5000: samuel Freeman. No 5l9 Nos.
trand avenue Brooklyn; sarah Freeman and
b. sunshine. Prooklyn.
Ellis 4 Gotermann. Great River; toilet ar
ticles 500 600. Charles b Hobbs yirest
Francis 4 HIcl Bronx. 1900
The Velcdrone COMPANY Buffalo: $4,000;
william NJ. Wilson. No - Park view avenue
Buffalo: -. H. Lewis and Frederick Nokes'
DTtchess Foundry Company, Poushkeepsie;
$4,000. William Wsgnitz. No ~ Gate street.
Pouehkeepsie; John G. Van Iile and Joseph
Dufour PoyghNeepsie ~
New stitch Embroidery Company. Msnhat-
tan. $40 600; Ira Skutch g9s Sterling Place,
BROOKLYN: Benjamin Klinger, Brooklyn Eta
l. Rotheim. New York. ,,-.,,,....
T. Goldberg. Inc, Manhattan distiliei!
500 900: Shepard J. Goldberg, 30 ll3' East
ern PARKWAY. Brooklyn: Joseph VI. Goldberg
a1d samuel Goloberg New FORK .,
600. charles Diamond No. l5I East Nstn
street New York: Mary Diamond ana Sis
mund Lederer. New York. ,o-
The Fulton Arms Comp ny. Manhattan, ~
o0O. Charles L. APPEL, No ~ william street
New York: Harold II. straus and Michael W.
woodland. New York.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-03-07
Advertising Americans

w.sn the market had closed and there
x.. a chance 10 talk with people who
Mint be expected 10 know. the Street
,.ns 10 the conclusion that a mountain
,,a been made out of a molehill. The
,,,u,,ion that the Commerce Commission
and the railway directors had disagreed
ov,r matter that involved no moral
rrpitude." or anything Ike it. grew into
:. definite belief And then people began
n talk Of the fresh black eye that Amerl-
can securities had been given In the view
Of foreign investors. No one, IL was said
around the brokerage offices, could be
NAMED for thinking that Americans
would be a first class thing 10 let alone.
Even assuming that there was nothing
whatever in the charges against the 81.
Paul. the argument of some fire where
there was so much smoke would be sure
10 obtain abroad. especially after all the
political and financial investigations Of
the last year and more. Just when the
time looked ripe for a return of conf-
dence abroad the New Haven crash came
Then the Frisco receivership emptied
many pockets in France and Belgium and
Holland Another blow came in the col
lapse Of the Rock Island securities. Now.
with the charges made against the St.
Paul management, Europe must think
that nothing in American railway fnanc-
Ing is right.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-03-07
|l9PIcS OF THE DAY
IN WALL STREET
ND Facts in a New Guise
Bring About a Break
in ST. Paul.
COMPANY ATTACKED
nv COMMERCE BOARD
= Ian Puts St. Paul Financing in
Category with the New
Haven and Frisco.

IN the last half hour of the
day the news OF Commissioner
u"'. report on the St Paul was all
hS'',.e 6emoralizine because there was
INK left TO learn the real character oil
no ICES IL was suspected that the
us hing Was a tempest I'm teapot.
WV. NV was no proof Of 1t. and the only
%. that traders could do. in their. own
'nHs .,,or was 10 sell the stock. There
PV' familiar ring. too. to the assertion
,n, 900 On0 generalization of the Puget
60 nropertv. but Wall Street memo
y. could not readily recall the details OF
--old story. SO more stock was
=. And because. though it seemed az
"a ~ IN the last degree that so egreglous
generalization OF assets could nave
s..n made years ago and not been discoV-
hefore now. there was not enough
'-s.,r,stion 10 make plain whether there
ny s.sr wholesale and hardly believa-
-. tSslerv in the roads accounts or
-..,ber there was merely quarrel gong
,.,vsen the Interstate Commerce
Commission and the company's directors
...- t,chnicallties OF accounting, more
.,,ct still was sold. If there had yet
49,, vanting any excuse for selling ST.
n.,l 1, would have been found in the
.orr,sslon's comparison of the St Paul
.,m with those Of the Frisco and the
New Haven.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-03-07
ROCK ISLAND PLAN
MAY BE DELAYED
Wallace Committee Will Make
Independent Examination of
COmpany's Needs.

James y. Wallace, president of the
Central Trust Company and chairman Of
the protective committee for the COL
lateral trust bondholders of the Chicago,
Rock Island & Pacific Railroad Company.
in statement issued yesterday. made 1t
clear that his committee would not ac-
cept as final the report made by 7. NJ.
Schumacher. chairman OF the railway
company. who represents the Phelps
Dodge interests in Rock Island. Urging
a stock REORGANIZATION. Mr.. Schumacher
said the needs Of the property during the
next five years would approximate $50
600 geo and that 100000 would he re-
CURED by July 1.
Both the Phelps Dodge interests and
the interests represented by Mr.. Wallace
wished 1T made clear that Mr.. Schu-
machers statement did not emanate from
the bondholders' committee. Mr.. Wallace
said:
The statement in relation TO Rock ISL
and affairs advertised in the New YORK
papers this morning was inserted by IN
terests other than those representing the
collateral trust per cent bonds of HVD2.
THE bondholders' committee has adopt
ed no plan OF reorganization. and will
adopt none until satisfied on the proper
evidence of the fact that such plans are
10 the best interest Of the collateral trust
bondholders, the protection of whose
rights is the sole consideration of the
committee.
The company's fiscal requirements VIII
receive an Independent examination
In view Of the apparent difference OF
opinion existing between the large ROCK
Island stock interests and the collateral
trust bondholders over the property
financial needs. it is believed that some
heated discussions may ensue before a
reorganization plan is finally formulated.
The stockholders. 1t is understood. take
the stand that the expenses OF reorganiza-
ton should not fall entirely upon their
shoulders. While they may be willing TO
nav an assessment as high as 80 snare
they feel that the bondhoders ought to
assist in raising the funds necessary for
the company's needs.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-03-07
EQUITABLE SUIT
AGAINST U. P. BEGUN
Injunction Asked Against Distri-
button of SSS, 100000 Extra
Dividend.

suit against the Union Pacific Rail
road Company was begun Yesterday by
the Equitable Life Assurance Society in
the Supreme Court Of New York County
to test the validity of the company's pro
posed disbursement TO the holders of its
common stock of approximately $50 900
600 in Baltimore & Ohio common and pre-
ferred stock and S. 1000, 600 in cash. This
is the second suit brought against the
Union Pacific by holders of preferred
stock, the first having been started early
in the year by individual holders Of that
issue
The Equitable. as the holder Of 1912
shares Of Union Pacific preferred alleges
that the Baltimore & Ohio stock intended
TO be distributed TO the common stock
holers of the former on April I consti-
tutes capital asset of the defendant and
forms part Of the corpus of its proper
ties" In announcing the extra dividend
the railroads directors said it was de-
clared out Of accumulated surplus and
that the Baltimore g. Ohio stock to be thus
distributed should be charged to profit and
loss
DUN temporary anu permanent IiIiuiN-
lions against the distribution are asked
on the ground alleged by the plaintiff that
the extra dividend declared by the di-
| rectors as part of the company's surplus
| constitutes accretions of capital and other
capital assets. The bill OF complaint also
alleges that the part of the Union Pa
ciic's surplus as distinguished from such
accretions of capital is less by many
millions than the amount Of the proposed
| dividend.
II distribution to stockholders is to
| be made from what the plaintiff believes
TO be capital assets, the latter claims that
the preferred shareholders are entitled
| 20 a pro rata share. The suit Is under
stood TO be test case to settle once
and for all the question at issue.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-03-07
BUYING CONSERVATIVE
Trade Authorities Also Report
Much Slow Payment.

Reports of the commercial agencies IN
dictate continued conservatism in buying
with numerous reports OF slow payments.
Bank clearings and gross railroad earn
ings still show DECLINES from year ago.
and commercial failures increase FOR the
week
"Dun's Review" saws: Reports from
the leading commercial and Industrial
centres continue Of mixed character
increased activity in certain directions
contrasting with a tendency toward dul-
ness in others. Consumers OF copper con-
tinue 10 hold off and the price situation Is
easier. Returns of railroad earnings ana
bank clearings still show declines from a
wear ago. the gross income OF companies
raporting for three weeks of February de-
creasing AZ per cent from the same Pc
riod of 1913, while clearings through the
hanks this week showed A loss of I per
cent. Commercial failures this week IN
the United States are 334, against $50 last
week and 2sS the corresponding week last
year.
"Bradstreet's" has the following:
while sentiment as to the future has
not lost any Of its optimism. actual buy
ing is rather conservative, being heid
close to real needs, and speculative pro-
pensities are conspicuous by their alb
sence. Labor is in better call, industrial
operatio are more active and in nu-
merous indoor occupations idleness is Of
negligible proportions. Collections are not
above fair, though in odd cases improve
ment is noted, while at the same time re-
ports Of slow payments are numerous
and in the country districts of the South
west extensions are being asked.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-03-07
COTTON WEAKENS
in LATE TRADING
An Opening Advance Lost After
the Close of Liverpool
Wall Street Sells.

The cotton market opened steady at an
advance of to points in response 10
steady cables, and sold about 10 ;
points net higher during the morning on
Liverpool buying. covering of shorts ard
scattering bull support. Arbitrage buying
was smut out by the close of the English
market, however. and prices later eased
off. although no real weakness developed
until the Wall Street selling movement
developed late in the afternoon. New or
leans followed the local decline in the
late trading. The close was easy, net un-
changed on March, but generally TO 10
points net lower. March was relatively
quiet and steady, with the close showing
a premium Of 81 points over May, al
though in earlier trading spot interests
we're credited with selling March ana
buying MAY at difference Of about 10
points. Southern spot markets were an
changed. and the local market held quiet
at lsc for mddling upland; no sales DE-
livered on contract. 1,46o bales. Local
contract prices:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-03-07
Completing the Record.

In the last few weeks. but particularly
IN the last few days. changes in the Rock
Island situation have come thick and
fast. First there was the heavy decline
in the securities of the Rock Island COM
pany and in the collateral trust bonds OF
the Iowa corporation. foreshadowing a
Ieceivership, or at least q reorganization.
Then It was announced. some little time
after the fact was suspected. that COM
nittee had been appointed among the di-
rsctors OF the several companies TO draw
rp plan Of reorganization. Followed
the formation Of bondholders protective
committee and a stockholders protective
committee Followed further a statement
from T. NJ Schumacher. chairman Of the
board OF directors of the railway COM
pany. 10 the effect that the company
needed a great deal Of money and thac
Phelps. Dodge & Co. interests would
withdraw from its management unless
tina, money was secured by a stock, as
distinguished from a bond, reorganiza-
ton After that a number of things
csme, but most OF them have not Yet
relieved definite form. Bondholders,
Dcsculative and investing, taking 1t Tor
,srtaln that there would be an assess
mert on the stock which Is collateral for
their securities, when that collateral
Mould have been substituted directly or
Indirectly for the bonds. sold the col
ateral Is yesterday. carrying them down
b a new low record at 42A. Others de-
sared that Mr.. Schumacher's statement
q The needs OF the property was not
borne out by facts. Altogether. the con-
fusion about Rock Islands future is more
tonfounded now than it has been at any
tine since the new management went
MO the property, last year.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-03-07
Allis -Chalmers's Report

ne Allis-chaimers Manufacturing COM
,1hy reports a surplus on December 81
~ OF F,6.lH. representing the profits OF
~ company from the beginning Of busi-
~ On April ~ % December 81. 1913. The
'nea orders on hand ~ the close Of the
var amounted 20 tg.1lO.0Co.
~ dc'iemont. chairman of the board
directors. said in the report there bnd
~ decided falling on in business since
s1' J, in sympathy with the general
.Ns'bing throughout The country. The
- hs asserted. Wss reflected IN n
REDUCTION Of profits each month
Vciobef !, and ~ set there Was no
Enforcement
'''ipfs have voted 10 defer Ovid md
~ Until such time ~ FRONTS and
ant pfosDoeis viii Justify The expcc-
49," mat they can be- declared aud
I'll specified rate
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-03-07
LONDON SUBWAYS GAIN
Gross Earnings Increased 20
Per Cent Over 1912.

Sir Edgar Speyer. chairman of the Lon
don Underground Electric Railways, re-
ported to the shareholders at the annual
meeting in London this week an increase
of 156 900 passengers in the traffic OF
the associated companies in 1913. the
tubes. tunnels and buses carried SoO",-
600 people, and earned nearly &5ooc'e"
gross. a gain of % per cent over 1872.
The great gain in the companys busl-
ness. I'm addition to the increased omnibus
traffic. has been due to the taking over
of the fifteen miles of tubes of the Cen
trail London and the city & South Lohuoh
railways, which contributed 6o,"co" pas
sengers.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-03-07
ON THE CONSOLIDATED
Securities Down on the Call
St. Paul Leads Late Break.

ST Paul's collapse toward the close
brought on rush Of selling on the Con
solidated Exchange that swept prices
down all through the list. st. PAU sofa
as low as 9sl.. Chesapeake & Ohio's de-
cline exerted a depressing influence earlier
in the day The highest prices at which
Chesapeake g. Ohio sold were o'4 ana
j7is on the opening call
Transactions on the call reflected gen
ersl declines. The market was broad
one throughout the day, with business
M rticularly active on the final decline.
Transactions were made in $500 snareS'
with ffty-two stocks represented steer
did not sell under 63ss.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-03-07
WHEAT MAKES
SLIGHT GAINS
Corn Also Advances-Oats
Hold Steady - Coffee
Down a Little.

There was firmer technical position In
the wheat market yesterday, and. al
though news was generally Of bearish
nature, there was better feeling ap-
parent, and with no selling pressure the
course of prices was slowly but steadily
upward. with the close at the top OF the
day. showing net advances of i4c to sc.
In corn. price changes were narrow and
of little consequence. with free offerings
of Argentine for prompt and future ship
ment. The close was At net unchanged
TO &c up. oats were steady.
Local coffee traders were not. disposed
to take long risks. in view OF the dis
turbed condition of affairs in Brazil. al
though there was no selling pressure from
that source, and foreign markets were
firm and higher. Prices here declined to
new low records for the active positions,
the market closing with net losses for the
day of TO points
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-03-07
B. & O. FINANCING
Road May Issue Part of Chi
cago Terminal Bonds.

II was reported i'm the financial district
Yesterday that the form OF financing
which will be adopted by the Baltimore
& Ohio to provide for its needs will be
the sale Of part of it's Chicago Terminal
first mortgage bonds. or other treasury
securities TO meet the 100000 one-year
notes maturing July !, and provide funds
for other use.
II has also been suggested that new
issue of notes may be decided upon and
that additional bonds OF the Chicago Ter
mlnal Company may be Issued as col
lateral. II is not believed that the Balti-
more 4 Ohio at this time plans the du-
thorlzation Of a large blanket mortgage
to care for all its present outstanding
bonded securities ar they mature.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-03-07
TIE METAL MARKETS.

COPPER local street market Tor cop
ne, vss quiet With electrOlyuc quoted ~
rom t427iz 90 li.5Oc and casting from ~ u
I4I2i4c. STANDARD copper on me Metal -
mango was weak ~ ~ Boa 1ic for spo
March and April In London copper closed
nUlat ~ 1874 - for spot ana fof rs I'd ioi
futures. 49,. IN.
g,of March and April tin was quoted 800
~ May. 81 75n3sc. June. 37gOn3sc. and
rulv ssm2s2 In London TN closed cas-
NJ uT2 rs Sd for spot and il'f LIS on io'
futures .... 4. 49,.
LEAD-Was quiet ~ 2 S5mfo6c IN Ne"
yn,k and q s0n z 900 East 81 Louis. In Lon
don lead closed a. i2o 49,,
gPEITER-- Quiet New YORK spot bZ'H
anc and East ~ Louir. 3 i0n 5.2Vc. Lon
don spoifer. RI loH
mos N,ddlssboro No . sos a. IN Lon
st.nsts 20 for No ! foundrr northern. and
7S1tI525 for No northern \"
Southern ana soft.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-03-07
LONDON WOOL SALES.

London. March 6. - There were 1915
bales offered AT the wool auction sales to-
dav The parcels we're largely crossbreds.
and il was difficult TO obtain wool at y n
10 per cent advance for merinos and lOal 10
per cent for crossbre6s. as the market was
i'm sellers favor Americans bought greasy
merino and crossbreds. The sales follow
New South Wales 1900 bales, secured. Is
3da2s ed. greasy 6isdn Is Id Queensland.
100. secured l. I'd n2s 2isd. greasy. I'd a.
IL aiad Victoria. 5000, secured, IL ada
- ard greasy. Gisd~ II Cd. West Australia.
200. greasy. adffis 2iad New Zealand.
I 700. secured. lisa Is I'.d, greasy, Ii.dh
Is 81 cape 81 Good Hope and Natal. 400.
scouredS1s Sd a - Cd greasy, I'D "a Is Id.