davidaulloa/AmericanStories huggingface dataset:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-06-29

creased its gold holdings some 24,ooo,-
900 marks.
Engagement Of s11,0o0,00o more in
gold for Paris made the total since
the first of the year around SSO,OOU,-
900. Exchange rates were trine
higher than at the end Of the week
before, but with the filling OF require
ments Of the semi-annual settlements
abroad and reports that the Bank OF
France might soon reduce its discount
rate, il was considered that the present
export movement had eliminated.
Money Here Still Easy.
Money rates, not unnaturally. were
somewhat hrmer here, but call loans
did not get above per cent, and re-
newals until Monday were made at Ia.
Time accommodation ended the week
about 4 of 1 per cent. higher for
some of the maturities. The CONNER
eial paper market practically ceased TO
do business for awhile after the
Clafin failure, but resumed before the
week had ended.
Surplus reserve in clearing house
institutions Saturday morning was a
little over S31 100000, nearly $780,
600 less than the week before, and
again under last year at the same
time. Payment of income tax, which
must be completed this week, together
with the gold exports, had largely
overbalanced currency shipments from
the interior. and cash holdings were
more than S12,000,000 smaller, but de-
posits and loans were contracted
Money rates may be expected to go
higher this week, but the advance Will
probably not be great.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-06-29
FREIGHT BOAT LAUNCHED
New Ship of Mallory Line VIII
Be COMPLETED Soon.

The Mallory Line announced yester-
day that its new freighter, Neches
would be ready for service between
New York and Galveston within TIVE
months.
The vessel, which was launched at
Newport News on Saturday, is 421 feet
long, with a 55-foot beam, and has .
displacement of 1900 tons.
For the transportation Of express
and perishable cargo the Neches is sn
innovation, having nine exceptionally
large cargo ports on each side, large
overall hatch forward, as we'll as four
overhead matches averaging "a by u
feet in size, six quick acting hosting
winehes, ten -S-ton booms and one 80
ton derrick.
The cargo spaces under decks are
equipped with new system of ventiis'
ton for the transportation Of perish
able cargo by large vsntilators, sif
ducts and electric fans.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-06-29
President Wilson's Boom.

"The Bache Review" of the week
saws: president Wilson's official state
ment to the Virginia editors will have
some good effect in reassuring the
country, but there are two or three
things that, if done at once, would go
much further than verbal assurances
to lift the country out of its real de-
preston.
First of all railroad rates should be
raised at least per cent. This is not
enough, but anything less will be
eventually Intellectual. If the Presi-
dent has the power to bring this about,
he should use it. The condition of the
railroads is one of the greatest causes
of the slump in business. And upon
the restoration of railroad credit by
granting the carriers sufficient net
earning power, depends their future
and the well-being of the whole coun-
try. This restoration Of credit hinges
upon the governments action.
"The signal for such gigantic boom
as President Wilson predicts would be
a brief official announcement by
the Interstate Commerce Commission,
somewhat as follows: The petition of
the Eastern railroads for an advance
is hereby allowed and approved
"The next stop should be,the appoint
ment of a high class, expert business
tariff commission, to remedy at once
several glaringly apparent mistakes in
the tariff bill affecting interests which
will unquestionably be wiped out II
relief is not afforded. Such a com
mission could take up these subjects,
to report upon them while Congress is
grinding out the trust laws, and ac-
ton could be taken at once if President
Wilson had confidence in the commits
sion. A commission of this character
would then be able to take up delib-
erately the work of perfecting the tariff
not to change it materially, but to
make it efficient and workable on the
most scientific lines. The existence of
such a board would be an assurance,
and not a disturbance, to the whole
country"
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-06-29
STATE BANKS IN
FEDERAL RESERVE
Only SO Now, with Trust Com
panies, Against $500 Ma
tional Institutions.

Washington, June 27.-Fifty state
hanks and trust companies nave quail
fed for membership in Federal reserve
hanks as against 1900 national banks.
This small number of state insti-
tutions in the new Federal banking
plan is due chiefly to state laws for
bidding state banks to acquire stock IN
other CORPORATIONS. There are only
twenty states in which the Treasury
DEPARTMENT officials are certain II is
possible for state banking institutions
TO become members of the new Federal
reserve banks without some modiiica-
tion Of the laws.
These states are Vermont, New York,
New Jersey, Delaware, Maryland, Nir-
ginia, West Virginia, Kentucky, Ten
nessee, Ohio, Indiana, Illinois, South
Carolina, Alabama, Mississippi, Arkan-
sas, Texas, Arizona, California and
Oregon.
Two of these states. Kentucky and
South Catolina, passed enabling acts
since the passage of the Federal re-
serve act which make IL possible for
the state banks and trdst companies to
enter tho Federal reserve bank system
in New Mexico and Montana 1t is pos
sible for trust companies, but not for
state banks, 10 become member banks
Of Federal reserve banks.
No effort has been made by the re-
serve bank organization committee to
induce state organizations to partici-
pate in the Federal reserve banks. Ma
t;onal banks oversubscribed the stock
of the reserve banks and il was not
necessary to solicit the participation
of state hanks. However, there were
state Institutions which We're anxious
to be among the original members Of
the new reserve banks and all such
were welcomed, in case they met the
requirements Of the Fedora, reserve
orf
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-06-29
NAVY YARDS QUICK RELIEF
Boston Sent Salem 8, 600 Lbs.
of Bread in Two Hours.

Washington, June 2S.-The prompt
ness with which the government is
prepared to RESP onI 20 emergency calls
for food supplies is sho~n by a report
to the Navy Department from Captain
Cofrman, comnandaDt CT the Boston
Navy Yard, on the distribution of pro-
visions to citizens Of the fire stricken
city of Salem, Mass.
Within two hours after Governor
Walsh, at 8 o'clock in the morning, had
requested Captain Coffman for food
supplies three thousand pounds of loaf
bread had been distributed and seven
thousand pounds more was supplied
later in the day. Eleven tons of pro-
visions also were furnished.
These issues were made urder au-
thority given the cOmmandenr, and
Governor Walsh expressed his appre-
citation of the promptness and value of
the services rendered by the navy.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-06-29
LONDON MARKET
AWAITING EVENTS
Present Adverse Circum-
stances, 1t Is Believed,
Will Be Adjusted.
MONETARY SITUATION
CAUSE OF OPTIMISM
France, Germany and Russia
Bring to an End Their
Campaigns for Gold.

London, June 28.-The stock markets
were held practically in suspension
last week by the combination of inter-
rational and home conditions, but on
the whole the belief was that the ad-
verse circumstances, which included
the Irish deadlock, Mexico, the Near
East and the Claflin failure, would soon
find satisfactory adjustment and that
the markets would be on the right side
after the holidays.
The. money situation is one OF the
chief causes of optimism, and all signs
point to plentiful and cheap money IN
the autumn. A few weeks ago the rear
was expressed that the Bank or Eng
land would be unable to strengthen It's
gold holdings sufficiently to meet the
autumn demands safely and smoothly,
but already the stock of gold, with the
addition of $6,235,000 last week, has
reached the comfortable figure of $780,
$4,000, while the reserve has in
creased S4,805,000 to s148,375,OOO. On
account of the increased deposits the
proportion of reserve to liabilities has
fallen slightly to 47.10.
Gold is thus practically at the de-
sired figure of S200,000,000, and indi-
cations are for a still further increase,
though, owing to various reasons, prin-
cipally trade depression, the newer
countries will probably have to con-
tinue for some time renting gold to
Europe.
Both France and Russia now hold
approximately $S00,000,000 each in
gold, which is far greater sum than
Is often seen in the vaults of trading
institutions, while the Reichsbank
holds upward of s340,000,000. With
these immense sums in their hands,
France, Russia and Germany have
ceased for the time being seeking for
gold, and London holdings are increas-
.ng rapidly.
This readily accounts for the pres
en- optimistic feeling and justifies it
as well. Opinion here is divided con-
corning the United States. The pre-
railing belief seems to be that the de-
preston there is largely the natural
reaction from too buoyant prosperity,
while it is also recognized that Mexico,
the tariff, the new banking system and
the uneasiness regarding President
Wilson's policy toward big business
and railroads are all adverse factors.
1t is felt advisable for Europe to go
cautiously until it is seen whether the
Claflin failure does not clear the COM
mercial atmosphere of New, York, as,
if there are adverse influences in the
American wind-up, there is likely to
be a strong demand from New York
for gold, which will change the situa-
ton in the European money centres.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-06-29
VEWSBOYS PLEASE RAlNEY
See Him OFF at Steamer and
Give Him Hunting Knife.

The second week of Paul ]. Rainey's
1914 set of African hunt pictures viii
begin at the Casino this afternoon. a
number of new pictares have been add.
Cd, showing the Wandarobos tribe Of
natives doing their war dances, their
march across. the veldt and into the
jungle, wild birds weaving their nests
and other scenes.
Mr.. Rainey sailed on the Imperator,
on Saturday on long hunting trip %
India and Africa. He was surprised
and highly pleased with the delegation
of newsboys who saw him off on the
steamer. They presented him with .
large hunting knife as an expression
Of their gratitude because half the re
was given to the Newsboys' Fund.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-06-29
TRANSFERS PLAN STRIKE
They and Ironworkers to Quit
if Denied Arbitration.

A general strike of building material
teamsters and structural iron workers
is possible to-day, unless demands for
arbitration Of the difference between
the Meade Transportation Company
and Its employees are agreed upon.
The transfers have been on strike
for three months. A sympathetic strike
would tie up building operations in the
city, II was said. John Niece, chair
man Of the New York and New Jersey
Marine Arbitration Board, has been
appointed by the striking union to rep
resent II in arbitration proceedings.
The Meade company has refused all
offers for mediation, the labor organi-
zstion representatives. say.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-06-29
Chicago Great Western Report

The Chicago Great Western Railroad
Company reports gross operating rev.
enue for May amounting to $l,090,0l6,
a decrease of S37 ,229, and net operating
revenue after operating expenses of
Sl93,s53, $36,s53 lower than for May
Of last year. For the eleven months
ended May 81, gross revenue totalled
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-06-29
while net revenue decreased s246,ss4 to
S3,149,5S6
Dividends in Fall River.
tBy Telegraph to The

10y ItIegtaph 20 The IrIbune.
Fall River, June 2S.-Directors Of
the Richard Borden Manufacturing
Company have declared a quarterly
dividend of X per cent on the capital
stock of S1,000,O 900, and the Weetamoe
Mills directors declared 1 per cent on
the capital of $500,O00 which will cause
a total outlay of $4,000 on a total
of S1,500, 900.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-06-29
To Merge Old Hat Firms.
fBy Telegraph 10 The tribune

Fall River, June ga corporation
has been organized unjer the laws of
Massachusetts, TO acquire the proper
ties OF the North American Hat Fac
tory, the New England Fur Company.
Bristol County Hat Works and Old
Colony Hat Company, under the name
of "Marshall's Inc" The capital of the
new corporation is 100000, of which
s500.000 is common stock and 100000
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-06-29
.eferred stock. to pay Z per cent eumu.

preIerred STOCK, 70 pay per cent cumu-
lative dividends. First mortgage gold
bonds at 6 per cent will be issued TO
the amount of 100000. The officers
are: James Marshall, PRESIDENT; Robert
Marshall, vice-president; Percy C. Guy,
treasurer. These with Earl p. Charl-
ton. Edward Barker, Simeon B. Chase
and Richard p. Borden constitute the
board of directors.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-06-29
QUAINT ENLl UI IEE4,D
Shsffiald Farms. SlaWsOn Decker 20.

EFEhhLD oIODN'
Resolved, that dividend Of 1i5%e be
SerTed Stock of Sheffield Farms Slawson
Decker Co as OF record at the close OF
business August 22d 1914.
ne AZ further resolved that for the pur-
nose OF paying such dividend the books
for the transfer OF the Preferred stock OF
the Shefield Farms SlawsOn Decker co.
close at i. NJ. August 22d, IDA 10 re-
onen 10 A NJ September ID 1914.
II = HORTON. Secretary.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-06-29
STOCK EXCHANGE FOR WEEK
CReprinted from sundays Tribunc.)

Following usual table Civ the number Of n S ees the
in
Of the 1gl3 q
Total the week. jiio against S76oo %week ago ~ "
200 a
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-06-29
DIVIDEND NOTICES.
UNITED FRUIT COMPANY
dividend NO. 60.

A quarterly dividend Of two per cent on
the capital stock OF this Company has
been declared, payable July 18TH 1914 at
the ofioe OF the Treasurer, 131 state street,
Boston, Mass, to stockholders Of recorl
~ the close OF business June 20. 1914.
CHARLES A. HUBBARD, Treasurer.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-06-29

"Peggy-on-the-Pulse," in the Sunday
Magazine of The Tribune, July 5, shows
the differences of ''lcarus and the
Spider" a pictured story with a point,
as good as Joseph Clement Coll has yet
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-06-29
MERCHANTS EXcHANG
Of ,he city OF New York.
THE BANK OF AMERICA.

New 1Ork, JUNO IUIhl IHI4s
q-hs BOARD Of Directors have to-day de-
clared a scnli-annual dividend OF fourteen
qD per cent. free OF tax. payable July LIST.
ig1l 90 stockholders OF record OF this date.
ri transfer books will remain closed I'M
w NJ. BENNETT. Cashier.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-06-29
THE PEOPLES BANK.

June 18th, 1914.
ONE HUNDRED AND TWENTY SIXTH
CONSECUTIVE SEMI-ANNUAL DINlDEND
The Board of Directors have this day de-
clared a semi-annual dividend OF FIVE PER
CENT payable on and after July LIST, 1914,
20 stockholders OF record June 20th. 1911
The transfer books 20 close June 10Th, 1915
and reopen July !. 1914
WILLIAM MILNE. Cashier.
MERCHANTS EXCHANGE NATIONAL
BANK
Of the City Of New York
June %. 1914.
TIE BOARD Of Directors have this day de-
eiarcd a semi-annual dividend OF three per
cent, free OF tax. payable on and after July
J. 1914 20 Stockholders OF record at the close
OF business June p, 1914
V. v. GAMBLER. Vice-Prest. and Cashier.
Regular quarterly dividend No. 6 OF one
and three-auarters per cent. u%'o) on the
nrst preferred stock outstanding OF William
y. Ronbright e. Company. Incorporated, will
be paid July 10th. 1914. to stockholders o;
record, June 30th, 1915
A. 7. TALIAFERRo, Treasurer.
June g. 1914.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-06-29
Federal Reserve Currency.

Considerable discussion of the Fed
eral reserve currency to be issued
against rediscounted paper, with ad-
ditional security of 40 per cent. in
gold, has naturally arisen. One of
the effects of the new law SHOULD be
to cause bankers to scrutinize care
fully the notes they buy so they may
be certain whether or not they com
ply with the rediscount requirements
in arising from a bona fde pur-
chase of commodities. Actual COM
mercial transactions between separate
buyers and sellers will have to be
sharply distinguished from agency pa
per and accommodation Endorsements.
The new currency is intended to
fiuctuate with the needs of trade, and
so the commercial obligations on which
il rs based must be such that they
will be wiped out at maturity.
What, after the strain of this COM
mercial difficulty, will follow an
nouncemen; of such partial relief in
the advanced rate case as has been
generally forecast is a difficult ques-
tion. 1t may be that securities have
got pretty near down TO rock bottom,
that business has been the worst and
that nothing can prevent the hoped for
upturn in the fall. Then the prom
Used crops should be bringing new
money into trade, and possibly the
elections will put different ideas in the
minds of those who control the ma
TONS policies.
More Gold for Foreign Banks.
Abroad the great European financial
centres maintained fairly well their
more confident tone. The French loan
is on its way toward public Offering
Brazilian affairs may be Strengthened
out in the near future, and London
saw more gold flowing into the Golfers
Of the Bank Of England. In addition
to taking the greater part of the new
South African gold of the week Of
fered in the open market the Bank
of England added nearly $4,000
TO it's bullion, but its proportion of
reserve to liability fell off over a point
and is still the lowest at this time of
year for eight years. The heavy ship
rents from this country to Paris have
aided in bringing the gold of the
Bank of France up TO the unprece-
dented figure of 1875, 100000 francs,
more than 100,000,000 greater than
last week. The Bank Of Germany in
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-03-08
LIKES MEXICAN POLICY
Galveston Making 81, 00O,O
a. Month, Says Resident.

president Wilson's Mexican policy
does not offend anybody in Galveston,
said Fred +. Adams at the Hotel Latham
last evening. I'VE hope It will be fol-
lowed indefinitely, not that we wish Mex
leo any harm, but We can use the S,OU,OJo
a month that the army is spending in our
town That is a lot of money To be spent
i'm a town the size Of ours.
THE men in the army, the newspaper
correspondents and the regiment Of camp
followers are good for 100000 month.
The commlssary department Of the army
is good for nearly as much more. And 10
per cent OF that amount stays right In the
town. Perhaps that does not help busi-
ness.
Everything seems 10 be coming our
way i'm Galveston now. Every steamer
that makes the port goes away with full
cargo. and the railroads are pretty busy.
The policy of inducing small enterprises
TO come into the town is also bearing
fruit The little fellows have a trick or
developing, and there is nothing like hav-
ing many industries in place so that
when one is dull there is something doing
I'm the others
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-03-08
FASHION SHOW TANGO FEST
Mrs. Vernon Castle Wears New
Pauuin Mode in Each Dance.

The tango makes the fashions Nine.
loire said last Sunday when, with one
hundred Paquin gowns and group Of
pretty manikins. she landed in New York
10 give America a taste OF real French
styles. SO it was appropriate TO close the
show which she has been having at the
Ritz Carlton the last three days with an
exhibition Of the tango.
Mr.. and Mrs. Vernon Castle danced it
last night. and followed IL with the one
step and the make. Mrs. Castle wore "A
different Paquin gown for each. For the
tango she put on a pale pink silk. very
simply made, with q little overdress Of
cherry tinted tulle For the one-step she
donned a white crepe. white embroidered
and for the make white muslin with
hand painted flowers. the skirt very short
and narrow
SO many wonderland lot OF men, too
wanted to see the gowns yesterday after
noon that they couldn't nil get In. and
numbers were turned away To-day Nine.
Joire the gowns and manikins are going
to Philadelphia to give the quaker city a
fashion Jolt.
Mrs Castle. though not the Paquin
gowns went from the fashion show TO
the Waldorf Astoria where she and Mr..
Castle appeared NJ n dance for the benont
Of the relief work OF the BETHEL Sister
hood.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-03-08
BRYAN WARNS REBELS
Cautions Carranza and Villa IN
the TerraZas Case.

Ell Paso, Tex. March when United
States Consul Marion Letcher left mere
to-day 10 return TO his post at Chihuahua
il was reported that he carried instruc-
tons from Secretary of State Bryan with
reference 10 the case Of Luis Terrazas, Jr''
who is being held for ransom by Generai
Villa.
1t is said that General Villa and General
Carranza will be informed that the state
Department could only construe the
threatened executions of Terrazas as IN
dicative Of great weakness in the reoel
government OF Northern Mexico
This information came from rebel OF
fetal to-day. The official added that the
Carranza commission appointed 10 IN
vestigate the killing OF William 5. Benton
was prepared TO face any facts which
might be unearthed derogatory TO the ac-
tons OF General villa or his subordinates'
1T will not be a whitewash,' he added
and / ask you TO observe particularly
that the assurances given 10 Washington
on this point have carried conviction vita
them"
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-03-08
TRUSTS DOOMED,
SAYS WICKERSHAM
Trade Combinations Crumbling
Under Competition, He
Tells Lawyers.

Garden City. Long Island, March T.
w. W. Nlckersham, former Attorney
General, was the principal speaker THIS
evening at the sixth annual dinner OF
the Nassau County Bar Association at the
Garden City Hotel, Garden City.
Edward @. Wright, the president OF the
Nassau County Bar Association. after the
last course had been served, introduced
Surrogate John G. Graham, of Nassau
County, as POSTMASTER.
Other speakers were Judge Almet ;.
jerks. Justice Luke d. Stapleton, Lathrop
Brown and Job e. Hedges.
In his address Mr. Wickersham sad;
when the Standard Oil and Tobacco
companies were divided up the fact that
the same persons were stockholders in
like proportions all OF the distributed cor
porations was used 10 support the con-
tention that the dissolution was not real
But the companies were separated for
hidden b. the courts decree to combine
or consolidate anew. said at the time OF
the dissolution that those facts inevitably
would lead TO a further severance Of in
tcrest.
"The process | foresaw has been going
on and still is. The Rockefeller interests
have sold their stock I'm the Waters-Pierce
company to the Henry Clay Pierce inter
ests. Very shortly after the dissolution
Of the tobacco trust its stock in United
Cigar stores Company was sold to outside
interests James h. Duke has centred his
interest largely I'm the Britsh-Americdn
Tobacco Company.
II don't know precisely 10 what extent
the other large folders OF the tobacco
stocks have segregated their interests. but
| know the process is going on. believe
that the community of stock interest IN
the different companies created out of the
tobacco trust is very greatly changed
and that II must entirely disappear within
reasonably short time. That is the in
evitable result of dividing the business
among a dozen or more companies.
People will get tired Of running one
&C mpany in competition with another and
yet holding stock in both. There soon
must come time when they will volun-
tarily separate their interests. and indie
pendent ownership and actual competition
follow.
"The big combination was built up with
the aid of legislation. IL was compelled
to dissolve as a result CT legislation. The
process OF building took more than twenty
years"