davidaulloa/AmericanStories huggingface dataset:
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-09-14

Securities aHd Hatlroas Probfeas'
THIS in substance Is all that is ensss
Ing most banking energies. domestic and
foreign, at present When tho .nterna-
tlona money market Is working again
With some degree OF sr,oothncss and reg
ular!ty Il VIII be possible 10 consider
the problems Of the domestic money mar
ket with some bright promise OF So
luton which will conducc to the recovery
OF home and foreign trade. as well as to
the support OF American values. lmpa-
tience for the restoration OF those facilities
OF the securities market by which the
country's capital resources are kept liquid
and without which trade and industrial
enterprise must lansulsh, very properly
asserts that the securities market IL an
Indispensable department OF the money
market
AZ the same tims the question Of the
reop,ninc OF the stock Exchange ana
related markets for regular transactions
can probably he better approached after
Improvement has been established In the
international money market. for without
such improvement a huge potential re-
turn OF American stocks and bonds from
Euvope Is an enormous. although perhaps
not an insuperahle, obstacle TO stock mar
ket reopening.
By the same token also II can he seen
that through the solution Of the problem,
OF foreign exchanEr approach ~ heins
made 20 the solution OF tho financial prob
lens " the great American railroad IN
dustry. which were placed before Pres'-
dent Wilson last Wednesday and led to
tho Presidents public acknowledgment
Of railroad claim. for public support Just
as Congress vas oddly engaged in aha p
ing a hili Tor raising railroad freight
rates 2 per cent. all around through
emergency taxation 20 provide the Fed
eral Treasury with additional revenues
The European war will still have created
a heavy burden FOR our railroads. hut
IL better forticn exchange conditions car
he contrlved they will make for an en-
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-09-14
ELECTIONS AND MEETI>Gs.


Notice a. hereby given that sra
meeting ~ the stoclholfera ~ 'la ri.hT
& FARMER COMPANY will boo hold On o.
29th day Of September. 1914. AZ three N'.'o
\. NJ. at tho Office If said ConpunN. N'
East 2lst street. In the Borough "' "
haitian, City OF Now York tor 80 r0-n.
OF voting upon q proposition - In. rcts' q.
Capital stock Of said Company from '.".'.
Consisting Of 1000 shares OF the par tt'
OF 500 each. to $500, 900 consisting . 800
at the same time for III, purpose 20: csealr
out OF said increased Capital stock AMI a.
part thereof SEQ. 600 ln Preferred Capt
~ the par value ~ 500 each, AMI he D.
snce Of sai1 increased stock. TO vi'' 80" FL
In Common sock, consisting - 1000 A..
mon shares OF the par value OF 5000 ft..
WILLIAM X. FARM Err. r-s.iier
HENRY BHOWN, lr., Sc,ro'4rH.
Dated Nov York, Septemu"r J. lsit
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-09-14
COMPREHENSIVE NOTICE

August .''h, i'l'
Tho co.partnetship here'ofJi. ea's'l.
under the firm name OF Charles Head 4 O.
with offices at II Wall street, New No'
and - state street, Boston. Mas, .'
with branch office A. GroSyrror
Providence, 2. /. and slater True; co u
Pawtucket r. I. Il Dissolved this daE
mutual consent All outstanding Acc0la
OF the New York. Providence and PavtI q
Offices should be paid 90 WIN. O. BOg e.
and Charles g. West, 'Hquida'ins pa
mere" at Messrs. Keech, LocW & 90. 7 W.
street, New York city
JAMES $ McrORP-
JAMES SuLLtNc
VA. e HpRlANb
CHARLES e., We.
DENTER HLAGDEH
JAMES \. PARKER
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-09-14
Halt 81 NH shut Down.


This company was one OF the nrst TO
order curtailmcnt q production. u being
effected about August . one-halt the
mill. ar four units, was shut down and
the majority OF employees were retained
20 work alteruat" days now consisting
II a single eight hour shift.
Concentrates formerly going to the
Greene smelter NJ Cananea have again
been Verted TO ether this FL Paso
plant ~ American Smelling and Refining
Company. or tho Douglas sner-r OF
Phelps. Dodge & Co
Bladen Copper Mine. Company pro
duced i,532.oo0 pounds OF copper in
August which wa. BY Ear the greatest
total for 4 single month yet recorded by
the comp2nys smelter. n represented.
however \ cleanup. following two months
interrupted operations. for Juno output.
was hut $500 pound. and that of July
l.G2c.o0o pounds The companyss pro-
duction n comparison follows GbsD:
s,y month, ......... i?ai,(oo sssS@o $4,000
my .ny,, ,,....,......'.. $50 i.ss"9 LIZ ~ :.
Etshi month. ,s.Si5UI ii.@5c0 s.is9.ss
There was secured during August =
mill recovery Of 79.7O per cent. which
was one OF tho best Yield. hut not the
highest secured 10 date.
II Is understood that no curtailment OF
production, has Yet been ordered and
none seems 70 BE- IN view. The copper
has always been marketed I'm London as
standard, but shipments % late have been
diverted direct 20 New York None OF 81
has yet arrived. however
The worlds copper production. since the
August curtailment became fully effective
has dropped to a basis Of about $4,000
tons per anEum. This estimate was made
FOR THE SUN by copper man in touch
with all branches 81 the industry here
ard abroad Las, years copper produc-
ton OF tn" world Appropriated es6,37I
tons. as estimated by Henry II. Merton a
Co. against l.0o6fio tons IN 1919.
RIO Tluto's operations In Spain have
gradually decreased OF late. The COM
pluy's production IL understood TO have
been curtailed in lire with orders ISSUED
hv other companies. although to what
extent has not been definitely stated
This much Is known. however: no NOR,
pyrtss are figuring among imports 70 til,
United states.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-09-14

DelubtOno.
For example. argument Is now being
made OF the resort had early in August
10 the emergency currency law that
the banks are too niggnrdly IN dispensing
credit and are exacting too high a price
for IL. The argument has wholly mistaken
thu nature ~ the emergency currency
addition TO ordinary bank note circulation
and tho purpose OF taking out extra
circulation. Primarily and almost wholly
the emergency increase of circulation was
meant to guard against a stampede for
cash and was designed 20 facilitate tho
conversion of bank deposits on demand
into an acceptable form or token OF
money. The emergency currency law was
an expression OF the lesson learned In
1907 when there was general suspen-
sion Of bank payments merely because
the banks were without means 10 meet
demands FOR currency and at the same
time maintain sorrc reasonable ratio OF
reserves 10 liability.
only indirectly does the taking out Of
emergency currency tend TO increase the
lending power Of tho banks, The grant
OF bank loans augments deposits by prac-
tically the amount loaned. Unless In tho
circulation OF currency the emergency
notes are used to cash bank deposits and
50 lower reserve requirements or unless
the banks are able to use the notes 10
withdraw reserve money from circulation,
an increase OF deposit liabilities through
Increased loans based on the notes must
result automatically IN a relative reduce
ton OF reserves,
At time OF crisis IL is proper TO In
wade reserves. FOR several weeks the
banks Of New York city, hearing ;he
ultimate burden OF financing the balances
oated at New York, which is the coun-
iry"s commercial clearing house. have re-
pOrtcd a large deficit below statutory re-
serve requirements This shows that there
has been no hesitation TO make a needful
emergency employment Of reserves where
! thci" employment is clearly understood
Nevertheless, IL IS a dictate OF banking
experience that when a crisis calls for this
recourse 10 reserves FOR which reserves
are kept, the process should be safe
guarded by charging rates for tho grant
OF credit, which will afford insurance
gainst abuse OF credit
10 II were to-day conceivable that The
! Issuance Of emergency currency would
stimulate borrowing demands on the hanks
! by compelling such lending rates as OBJ
tain IN normal times there would he grave
danger of "A destructive impairment of ths
reserve position which would injuriouslS
AFFECT the soundncss Of the credit basis.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-09-14
Need Gold Only 70 settle balances.


obviously when the fun extent OF tbs
American debtor position abroad Is con-
sidercd. including It's representation In
the European hold OF our securities.
even $3.50 100000 gold would not go far
toward honorlng the European drafts
which might be made upon Us. But there
Is difference between maturing bills.
expiring notes and Other accrung uLlj-
cations on tho one hand and Europe =
command over our capital resources de-
nn'td by It's American security invest
mentS on the other. We are obliged 20
meet our notes and pay our bills. but w.
arc not obliged 20 buy back our securities
from Europe except IN - lar as the ohl-
CATION may be 20 ourselves because L q
advantageous 20 make repurchases.
The American debtor position then. re-
duced 10 the dimensions Of maturing obii-
cations, Is such that arrangements 20
furnish gold FOR the settlement Of debit
balances arc hardly likely To- require the
export of ~ much as the 1000. 600 for
which an underwriting was suggested.
Merely to moot n project NJ this kind in
contrast with the manifestation OF a DIS
position 20 hoard gold must encourage FOR
elgn confidence IN American deb, paying
ability. and a little study OF the part which
gold plays IN financial and commercial
Transactions IN normal times shows why
q is that abnormal monetary conditions
can DO brought back toward the normal
ny rendering moderate amounts OF gold
available for money market uses.
In ordinary times II s. obvious that gold
supplies on which credit transactions are
based would no. suffice % cancel moro
than a fraction OF the liability which
has been created through the provision
OF credits. Because the financial and
commercial world Knows that II monetary
and business activities continue there will
h., continuous creation OF credits "a
l.uuety debt there IS no extraordinary
demand for gold Such an extraordinary
demand arises when a grea, shock has
hrrn communicated TO the financial and
commercial organization as Is the case to-
day, but when the first effect Of shock
has passed IL - always seen that the thing
to do Is 20 devise ways TO revive financial
activities and ct business going again
so that credit instruments may do the
work which It Is impossible FOR gold ~
perform. Always the most important con-
trlhutlon TO this resumption is made ~
the demonstration that gold will be forth.
! coming as usual FOR tho settlement OF
| debit balances.
The Washington herald., 1914-06-04
Society Doines in ano Around
6be Jlational Gapital

served rs ushers. and Mr.. George Mack.
brother OF the bridegroom. as best man.
A wedding breakfast at the home Of the
brides parents followed the ceremony.
Mr. and Mrs. Mack left during the
afternoon for welding trip in the North
They will be at home after June Is at lib
Fifth street northeast
The marriage of Miss Marjorie TUX
ton Moore to Mr.. Irving Lee Bragg, OF
Roanoke, Va, took place yesterday
morning at the home Of the brides moth
er. Mrs. ]. Ross Cclhourn. Of the Wood
ley. Only family party witnessed the
ceremony. at which Rev. Herbert Smith.
of St. Margaret's Church, oflciated.
The bride wore her going-eway gown
of changeable blue taffeta. with quaint
little hat Of ieghorn trimmed In small
flowers. They will make their home at
Roanoke at the conclusion Of q short
honeymoon spent In the North.
The Washington herald., 1914-06-04
Aid Far-away Hospital

The entire ballroom floor At Rausch-
er's was given over yesterday afternoon
to the Anti-tuberculosis League. who
gave a bridge party Of 100 tables in
aid of the tuberculosis Hospital. at
Paunce, Porto Rico.
This institution having been estab-
lished largely through the effort Of
Mrs. Albert Norton Wood, during Capt.
Woods residence on the island. she
and other jealous women Of the army
and navy now residing In Washington.
were the promoters of the very sue
cessful enterprise in aid of promoting
the far-away hospital.
Mrs. Garrison. wife Of the Secretary
of War, acted as hostess for the COM
mittee. which in addition to Mrs. Wood.
also included Miss Cotton, sister of the
former governor of Porto Rico.
Many women prominent in official
and resident circles made up tables.
Entertaining in this fashion were
Mrs. Miles Poindexter, Mrs. Edward
st. ]. Greble. Mrs Victor Murdock.
Mrs. John w. Kern, Mrs. william 9.
Kenyon, Mrs. James B. Aleshire. Mrs.
Sherman McCallum. Mrs. Rufus Hardy.
Mrs. George Andrews, Mrs. George
White. Mrs. Leonard Hoffman. Mrs.
Henry T. Mayo. Mrs. @. w. Reed. Mrs.
T. A. Baldwin. Mrs. Z. A. Edwards
Miss Cotton, Mrs. William Barret
Ridgely. Mrs. r. s. Downes. Miss Flora
Wilson, Mrs. Samuel Graham.
Prizes donated by friends of the
league were awarded for individual
scores. The first prize was taken by
Mrs. William s. Kenyon with a score
sf more than 1000 points. Her next
competitor. Mrs. George Marye. scored
3,097. Other prize winners, all above
1000. were Mrs. Walter Wells. Mrs.
Sicard, Mrs. z. II. Cox, Mrs. I. La Hunt.
Miss Mona McAdoo, Mrs. Thomas
Dunn and Mrs. Malcolm Graham. Re-
freshments were served following the
game
Captain D. II. Smith. Of the s. s. Mel
bourne and Mrs. Smith arrived here from
London on Wednesday and are at the
Hotel Powhatan.
The Washington herald., 1914-06-04
Entertained at Chevy Chase

Commander W. p. Cronan, U. s. N.
and Mrs. Cronan entertained a large din
ner party at Chevy Chase last evening
complimentary to Mrs. Church. wife OF
Lieut.. Commander J. B. Church. Z. s. N,
who is now with the feet at Vera Cruz.
Among the other dinner hosts at Chevy
Chase last evening were Mr.. and Mrs.
Clarence Wilson. Mr.. and Mrs. David
Fairchild. Mr.. and Mrs. Sturtevant, Mr..
and drs. Arthur Wiilert. Mr.. and Mrs
wagonhorst. Capt and Mrs Baldwin,
Mrs. Beatty and Mr.. Penfeld.
Mr.. and Mrs. William c. Lawson. Of
Chicago. have returned to the Hotel
Powhatan. where they will be during
their stay in the city.
Mrs William r. Smith. wife OF Repre-
sentative Smith, Of Texas, left yesterday
with their two young daughters for their
home in Colorado City.
Hon. william F. McCombs, of New
York. has Joined Mrs. McCombs for a
short visit to the latter's parents, Col
and Mrs. John r. Williams. They will
return to New York today and sail later
in the month for Europe. to pass most Of
the summer.
The Countess Won Bernstorff. wife of
the German Ambassador. who sailed
some weeks ago to pass the summer at
their home In Bavaria, Is making a short
visit in Munich. where she Is at the Hotel
Continental.
Mr.. Irving Lee Bragg of Roanoke, Va.
has been spending the past few days a,
the Hotel Powhatar.
Mrs. ]. d. Cameron. who has been pass
ing the winter in Paris. where she now
maintains an all-year-round residence,
has left that city for a visit to Marien-
bad, Austria.
Mr. and Mrs. Edward Beale Mclean
Will leave town tomorrow. going direct
to Bleck Point Farm. Newport. where
they propose passing the entire gum
mer.
Mr. and Mrs. James E Blaine, 3rd, will
join Mrs. Richard Nevins, of New York,
at Dudley place, Newport, for the greater
part OF the summer.
Mrs. William Rafferty,. wife Of Col.
Rafferty,, U. s. A., and her daughter
Americans now in Rome. Mrs. Rafferty,
presented to the Pope by
Cardinal Gibbons. now on his annual visit
to Rome.
Miss Catherine Britton. eldest daughter
Of Mr.. and Mrs. Alexander Britton, has
gone to Louisville, Ky, for a visit Of
several weeks.
Miss Constance Leupp has Joined her
parents at the summer home Of the
family at Tyringham, Mass.
Mrs. w. E. Borah. wife OF the Senator
from Idaho, has gone to Atlantic City to
pass some time at the Chelsea Hotel
Miss Mildred Brown. of Marietta, Ca,
on her way East to visit friends will stop
in Washington for a weeks visit to her
father, Mr.. Herbert H. Brown. arriving
here Friday morning. and will be at home
to her friends at the Wyoming
Mrs. Harriet T. Graves has returned
from months visit in Georgia and
North Carolina,
The Washington herald., 1914-06-04
NATIONAL PRESS CLUE
TO BURLESQUE COLONEL
Scnbes to Stage The Rive.of Doubt"
June 10 and Hear War Core
spondents' Yarns Tomorrow.

All lingering doubts about THE River
Of Doubt. will be removed on the night
of June 10. when the National Press
Club will put a climax to the controversy
by the production of a play that will
clear up the mystery.
This important impending theatrical
production will be entitled THE River
Of Doubt; or, the -vindication of the
Colonel" a war drama In three acts
by DR.. Leonard Wood" The play will
be staged In the assembly room OF the
National Press Club, and will be inter-
preted by cast made up from the ranks
of Newspaper men stationed in Washing
ton. Some idea of the international i'm
portance of the drama may be gathered
from the fact that two Of its characters.
both Englishmen. appear as the official
villains Of the Roosevelt-Brazilian ex-
ploration.
DR.. Wiley. Admiral Peary, and DR..
Cook figure. prominently in the story.
and clifford Pinchot will be seen as the
and Brazilian ants are included in the
list of minor characters.
Mexican war news at first hand will
be furnished to the members OF the Ma
tionaI Press Club tomorrow night when
the club will observe War Corre-
spondent Night" Washington corre-
spondents who have recently returned
from the front will hold the center Of
the stage, and will relate their expert
ences at Vera Cruz and In the interior
of Mexico. Among those who will ap-
pear will be Joseph p. Amin. wingrove
Bathon. A. J. Sutton. hero of many Mex
lean prison experiences. and A NJ. Jane
son.
The list of entertainment features will
also include specialties by members of
the companies appearing this week at the
National Theater. b. +. Keith's Thea
ter, and the Cosmos Theater.
The Washington herald., 1914-06-04
CHEVY CHASE LAKE.

There have been record crowds in at
tendance at Chevy Chase Lake ever
since opening night 10 see the profess
sional dancers at the pavilion. Prof.
Robey. who will be remembered by pa
irons Of B. F. Keith's as instructor at
the popular dansants held there, and
his partner, give exhibitions of the cor
rect interpretations OF the one-step. tango
and maxixe before the regular dnEcing
period. The professionals arc also en-
gagged to give free instructions to any
patrons who may wish to perfect them
The Washington herald., 1914-06-04

stained men kept pace with the jolting
| wagons with their MANNED burdens that
filled the road to White House. No such
| cortege had ever before passed through
the pine thickets. past the silent swamps
and over the black streams of that part
OF Virginia. Although Federal army
had fought there IN 1857, its losses had
not been nearly as great.
The road being sandy and heavy from
, rain, progress of the procession Of the
MANNED was slow. As the rough wagons
jolted in ruts or over corduroy of logs
in marshy places. the sufferers lying in
them. on beds of straw or boughs. groan-
ed in agony.
Arriving at the river. they were borne
aboard the transports and laid in rows
in cots or upon the decks.
In the course of the day 1,e4 men were
placed on transports. which started for
Washington. At night there remained
in the hospital tents near the shore $50
more. ready to depart as soon as they
could be loaded on the boats.
The labors of the army's medical offi-
GERS and their helpers at this time were
ceaseless. Some of the surgeons hae
slept but an hour or two in three nights
At first there had been a shortage of
nurses, but willing volunteers had been
supplied by the Sanitary Commission.
ceasingly. Their experiences in this labor
were such as could not be forgotten.
Want of Proper Food.
The wounded were not the only suffer
ers at Cold Harbor on the day follow
ing the battle. The men in the trenches
We're suffering from fatigue. painfully
felt now that the nervous tension of bat
tie was relaxed: from exposure; from
bad water. and from improper food.
Their diet for many days had been
devoid OF vegetables and many were
suffering from scorbutic taint, which re-
duced their energy. For over a month
they had had no vegetables, and the beef
used was from cattle exhausted by Jong
marches through country scantily pro-
vided with forage.
In Gen. Lees army a similar condition
existed. On June Gen. Lee had in
formed a visitor to his camp that "ex-
haustion and the want of vegetables had
caused the loss of more than the bullets
of the enemy"
He had advised his soldiers to use the
buds of sassafras and Of wild grapes as
substitute for vegetables. They had
found this poor substitute. Some cases
of scurvy had appeared In Lees army
and Gen. Lee had sent urgent requests
to Richmond for potatoes and onions.
NeHeI IOr tne SOnIeQerdteS was 10 De
only partial; but on June s the Federal
army received ar abundant supply of
fresh and dessicated vegetables from the
North.
"a truce at Cold Harbor, for burying
the dead, will be described June -.
Tomorrow. Gen. Sherman's Cam
Copyright, l9ia.)
The Washington herald., 1914-06-04

foot lot just south Of its embassy on the
Avenue of the Presidents. where a chan
cery will be erected. The lot was for
merly part Of the property Of Arthur L.
Bliss. The deal was made through the
office of Story and Cobb and the con-
sideration is said to have been s1s.ooo
The Washington herald., 1914-06-04
selves in the fashionable dances of the

The Marine Band players are on hand
at the music shell every evening, CIV
ing a lengthy program from about eight
to nine. after which hour they perform
for the throng Of dancers at the lakeside
pavilion. Diversion that attracts many
Is afforded by the merry-go-roun1,
swings. bowling alley and shooting gal
lery, while the expanse of lake invites
many to the boats. The illuminations at
Chevy Chase Lake are more elaborate
than ever this season, and evoke much
comment from evening visitors.
The Washington herald., 1914-06-04
GIVE CLOCK TO STERLING KERR.

handsome mahogany clock Of CO.
lonial pattern has been presented to
Sterling Kerr, 1r.. one Of the two living
past masters Of remple-Noyes Lodge.
No. q. r. A. A. NJ, and who for i've
years has been deputy Of the District Of
Columbia for the Supreme Council Of the
Ancient and Accepted Scottish Rite for
the Southern Jurisdiction Of the United
The Washington herald., 1914-06-04

Austria, from September 1. 1872, to
July 81, 1913, produced sis. sss.o 900 gallons
Of beer.
The Washington herald., 1914-06-04

Women were frst admitted to the Uni-
versity of winsoncin in 1895. More than
1.14o were enrolled for ths ssssiouD -
1e11-1k
The Washington herald., 1914-06-04
RUSSIA BUYS LOT HERE.

CEar's Government Acquires Addi-
tion tc Embassy.
Through realty deal closed yesterday.
the Russian government acquires the 30
The Washington herald., 1914-06-04

Mr.. and Mrs william c. Lawson. of
Chicago. have returned to the Hotel
Powhatan. where they will be during
their stay in the city.
The Washington herald., 1914-06-04

Mrs William r. Smith. wife OF Repre-
sentative Smith. Of Texas, left yesterday
with their two young daughters for their
home in Colorado City.
The Washington herald., 1914-06-04
THE cHAMPERNoWNE

KTTTERY POINT. NE.
n. .'s 7.s..: - s.s| - -: r - - k,sssE T.; f.s
The Washington herald., 1914-06-04

Hon. William F. McCombs, of New
York. has Joined Mrs. McCombs for a
short visit to the latter's parents, Col
and Mrs. John r. Williams. They. will
return to New York today and sail later
in the month for Europe. to pass most Of
the summer.
The Washington herald., 1914-06-04
OTTAWA HOUSE

GUSHING ISLAND, PORTLAND H0R., Nj
Most excirxive SPOT in Maine; troleys; no autos
Dsncine boating bathing. Excellent cuisine. Book
iet and rates application. Eariy reseratlons sig
gested-
esttasss 10 Rsas. Assrsss 9. -. DoyeG co.
The Washington herald., 1914-06-04

Captain D. II. Smith. Of the s. s. Mel
bourne and Mrs. Smith arrived here from
on Wednesday and are at the
Hotel Powhatan.
The Washington herald., 1914-06-04

Mr.. Irving Lee Bragg of Roanoke. Va.
has been spending the past few days at
the Hotel Powhatsr.
The Washington herald., 1914-06-04

The Countess Won Bernstorff. wife of
the German Ambassador. who sailed
some weeks ago to pass the summer at
their home In Bavaria, is making a short
visit in Munich. where she Is at the Hotel
Continental.