davidaulloa/AmericanStories huggingface dataset:
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-08-03
CLEARING HOUSE MEETINGS
ARE CALLED FOR TO-DAY

, pany. II. y. Dawson Of y p. Morgan 4
Co, stephen Baker. president OF the Man
haitian Company William A. Nash, chair,
man OF the board of the Corn Exchang,
Bank: Alexander J. HemphilI. president
of the Guaranty Trust Company Walter
e. Frew. president of the Corn Exchange
Bank James s. Alexander. president o.
the National Bank Of Commerce
II wac rumored also that Henry l.
Higginson OF Boston was at the con.
ference.
Other bankers at the conference in.
cluded J. y. Wallace OF New York and
J. McAllister, J. Wayne and Mr.. Cald.
we'll OF Philadelphia.
Bankers Confer All Day.
The conference at the Vanderbilt, which
was followed by conference OF the Clear.
ing House committee at the METROPOLITAN
Club was preceded by u series OF con
ferences Of bankers during the morning
and afternoon at the Metropolitan Club.
Mr.. Morgan, who remained Throughout,
the day at the Metropolitan Club, attended
the conference at times and at others con-
ferred with individual bankers. Meantime
Mr. Nanderlip had established his head
quarters at the Hotel Plaza and there
conferred with other bankers. The Clear
ing House committee met at the Metro
politan for the greater part of the day
comforting with the bankers. practically
all OF whom went TO see Secretary Nc
Adoo
In these conferences the financial sit.
udtion WAS gone over thoroughly. The
bankers discussed the conditions OF the
banks and trust companies as shown In
the statement on Saturday. They received
kilograms and telephone messages from
bankers throughout the country. They
had previously asked those bankers just
how much of the additional currency they
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-08-03
The GOLD SUPPLY OF NATION WILL BE CONSERVED

that all private banks that did not apply
for a license nv July 81 could not receive
deposits az private bankers. The time
limit, however, was extended until No
vember l. With very few exceptions all
the heads OF che private banking concerns
have made their applications for licenses,
with the result that nearly all the books
have been examined BY state bank ex-
sminers.
Yesterday Surt. Richards conferred
with the heads OF local savings and pri-
vHte banks. There Is no cause for alarm
as to the solvency Of any of the institu-
lions. but there exists feeling Of unrest
among the foreign element OF the city
whose native countries arc at war or
likely to be.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-08-03
A Lifetime Furniture Experience

There are few. if any, in the retail
Furniture business that know as much
about the many and various makes OF
furniture as we have learned, not only by
our long experience in purchasing and
guiding manufacturers, but by actual con-
tact with hundreds and thousands of GUS
toners who have proved by use the ex
cellence and durability of the Furniture
we sell. The ordinary advertised Furni-
ture Sale is often like the intangible roar
of big. empty seashell. A very little
examination invariably shows that it's
foundations are very slim outside of I'M
salable stocks and small lots made up
cheaply for August Sales.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-08-03
Gold shipments Discussed.

At the conference also was discussed the
question of preventing further export OF
gold, but at the same time II was pointed
out that the banks here had certain obli-
cations to meet IN foreign countries. The
question was how that best could be done
The question OF cutting down the high
exchange rates also was discussed
When Max May. who is regarded as the
highest authority on foreign exchange in
the United States. and August tlrich
reached this city last night they seemed
10 he confident that the unprecedented
condition Of the foreign exchange market
would be eased to-day
We are going to explode the foreign
exchange rates" said Mr.. C1rich conn.
IDENTIFY. referring TO such quotations AZ
$3.50 pound sterling Arrangements
will be made to take care Of the situation
here. Our trip was most satisfa Glory and
7 believe that everything will he worked
out tomorrow"
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-08-03
SAVINGS BANKS MAY
GIVE 60 DAY NOTICE
Meeting To-day TO Discuss the
Withholding Of
Deposits.
RICHARDS CALLS HEADS
superintendent stops Sunday
Transactions--GeneralF Feel
ing Of Security.

Presidents OF the savings banks OF
Greater New York will meet to-day TO
discuss the advisability OF taking adj
vantage OF tho sixty day withdrawal
clause OF the banking law. The meeting
has been called for Q :30 this morning
by Eugene l. Richards Superintendent
OF the State Banking Department, and
will take place at 81 Broadway.
II Il II decided TO invoke the sixty day
withdrawal agreement between the de-
postor and banking officials an agree
ment will be made to allow depositors I,
withdraw a percentage OF their savings
II they want to. The meeting has been
called to prevent a needless run on the
savings banks on account Of the
European war.
The private banks arc now practically
under the control OF tho State Banking
Department It was originally provided
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-08-03

Curb Market Association had issued or
ders to It's members TO cease doing bust
ness when the Stock Exchange closed
The New York Curp Market Associs,
ton" he said. ''patr,,ticaliy ordered It's
members to refrain from doing business
IN this time OF trouble and stress, and II
is the only organization OF responsible
curb brokers In New York
ANY person who deals with parsons
or with groups OF persons Offering them
selves al a curb market or a stock mar.
ket IN Broad and New or other streets
In the financial district does 40 with grave
risks OF being swindled."
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-08-03
GRAECIA ALSO RETURNS.
LIN" Hsmburg-A mericsD Stes m
ship Avoids British ships.

mo llttlc steamship Graecla of tue
hamburg American West Indian feet,
winch had been warned by wireless to
I''+ out for and avoid three British
. rcrs AuuNn To he at sea, the Berwick,
surolN and Bristol, passed in Sandy Hook
ta,. llef night
N'cr being cleared at Quarantine this
morning sho will land her passengers and
Eso and to- NJ At the Atlas pier at tho
" NJ west rwenty-hfth street. increas-
- % .,'H' tons tn" idle tonnage OF the
~ nhurc- American Line at this port
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-08-03
MONACO PRINCE RETURNS
starts NJ Full speed for Home After
Reaching Azores.
Special Cable DespsscA to The eur.

SpecIdI tdole Despn1ch 20 1Hn Sur.
poSrA DELGApA. Azores. Aug. 2.-The
Prince Of Monaco arrived hero three days
ago aboard his yacht Hrondelle to spend
the summer, but on the receipt OF war
news he started at full speed for home.
The Hamburs-Amercan Line treishter
schwarzburg. with n valuable cargo for
the West Indies. faced into the harbor
OF st. Michaels this morning for refuge,
fea ring the outbreak OF war She ia
moored inside tho breakwater awaiting or
ders from the home office OF tho line.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-08-03
CANADIAN RESERVES CALLED.
British War once sent out Notice.
Ten Days Ago.

OTTAWA. Ont. Aug. "a special mum.
Der Of the Ccnddd Gdsetto was issued
by tho Government tonight calling II
service all British naval reserves who arc
in Canada.
That the British Government liz pre-
pared is evidenced by the fact that vir.
tuallv all OF these naval reserve wore
notified by letter from the British Wal
OffCe ten daYs ago.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-08-03
KROONLAND ON WAY HERE
Flying American Flag, Leaves Ant
werp with Americans.
spect1y Gable Dr.po,ch 10 THE s,

Vt
ANTWERP, Aug 2.--The Red Star Line
steamship Kroonland sailed to-day for
New York filled to hcr capacity with re-
turning Americans, many Of whom left
, heir baggage behind rather than remain
in Europe. Tho Kroonand files the Ameri-
can flag. She carries many OF the pas
sengers who we're 10 have sailed on the
lmperator
The Chicago hallway Terminal Commits.
ION inspected the port Of Antwerp to-
day.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-08-03
\ MAIN BREAKS; MANY IN PERIL.
accident NJ seventh Ave. and :3d
Nrect Flood, New subway.

- twenty inch water main burst ~
seventh avenue AMI Twenty-third street
~ o'clock this morning, hooding the
- 'v't'ouS for tho now Seventh avenue
Ern'oav
~" ives ~ twenty or thirty l1borers
= work. thirty.r,, feet below the Sur-
tA'e we're endangered. but all escaped.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-08-03
The August Furniture Sale

Dating back to time when not one of
any of the existing general stores dealt in
furniture. so far as we know. we organized
the semi-annua] Furniture Sales. They
were popular and well patronized because
the policy and plan were sound and the
sales were genuinely conducted.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-08-03
GERMAN SHIPS SIGHTED.
Two Cruisers Reported Near the
Canary Islands.

trS'id' Cable Despotch 10 Tns SCs,
Las pALMAs, Canary Islands, Aug. a.
Wireless messa ges received here say that
two German warshlps arc in tho neighbor-
hood If rhe Canary Islands. The German
collier sailed from this port early this
morning.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-08-03
An Opportune Time to Buy

There are favorable times to buy furni-
ture, just as these are favorable days to
buy American bonds and stocks under
the pressure of the war news
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-08-03
Continued from First Page

at the conference last night and also at the
various meetings throughout the day.
When he left Secretary McAdoo's apart
ment he was smiling and when the re.
porters asked for a statement, he said:
Il am not the person you want 10 see"
Then he added:
II may say that everything Is all right"
Secretary McAdoo seemed 10 feel that
the proper protective measures had been
decided on and that everything would be
all right to-day. He said he would return
to Washington on an early train to-day
Despite the reassuring statements It
was said by bankers last night that In all
probability Clearing House loan certiH-
Gates would DO issued here A meeting OF
the Clearing House committee WAS held
In the Metropolitan Club after the meet
ing in the Hotel Vanderbilt. That meet
ing was really continuation OF the meet
inS that had been held at the club through
out the day.
The reason FOR the issuance OF the
Clearing House certificates. II was said.
might lie In the fact that the additional
currency is not all available for the banks
In this State. The New York city and
State national banks are entitled on the
basis of their capital and surplus reserves
to issue about $500. 0O0. 900 OF additional
currency. but a banker who left the meet
ing at the Vanderbilt pointed out that
only $4,000. 900 OF New Yorks share Of
the additional currency has come from
the Government Printing Office In WASH
ington.
Clearing House May Act.
Because the full 500. 900 is not inn
mediately available II Is likely that the
Clearing House Association at its meeting
this morning may vote to issue the loan
certificates which of course will be used
for Indebtedness between banks and will
be protected by commercial paper securl-
tics.
The conference between the Federal
authorities and the bankers was long
and exhaustive one. Every phase OF the
situation was discussed.
The bankers are going over the whole
situation" said banker The Secre-
tary was in a receptive mood and ex-
pressed himself that the Administration
would do everything possible.
The amount OF the Aldrich-Vreeland
currency available Is disappointing. The
New York national banks expected that
$500, 100000 would he available, but this
of course can he remedied by the printing
presses, though IL will take time
AS to the fact that enough OF the ad'
ditional currency had not been printed.
ii was explained that there was no need
for concern over that fact. The currency
can be printed within a day or so, 1t was
said. and will be here in New York in
ample time.
Messrs williams, Hsmlin and Hard
ing will remain In the city to-day TO
superlntcnd the distribution Of tho addi-
tionsl currency among the different
banks.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-08-03

Secretary McAdoo accompanied by
John Shelton williams, Comptroller OF
the Currency. arrived from Washington
soon after o'clock. On the train with
them were Max May OF the Guaranty
Trust Company and August Clrtch II
the foreign exchange department OF Lad
enburg. Thalmann & Co. Mr. McAdoo
and Mr.. Williams left their companions
and hurried to the Hotel Vanderbilt.
Shortly after their arrival the bankers
began to reach the hotel and went to Mr..
NcASoo's apartments There were nine
teen OF twenty, all leaders In the imam
cal world. The last to reach the hotel
was j. =. Morgan Among tho bankers
at the conference, which began about 3
O'clock were Frank A. Nanderlip, presi-
dent OF the National City Bank and pres!-
dent ef the National Currency Assocld-
ton; Richard Delatield. president OF the
National Park Bank william WOODWARD
acting chairman OF the Clearing House
Commission and chairman OF the execu-
tive committee OF the National Currency
Association; A, Barton Hepburn. chair.
man of the board Of the Chase National
Bank.
Gilbert G. Thorne. vice president OF the
National City Bank Gates W. McGarrll,
president of the Mechanics and Metals
National Bank; Franklin Q. Brown OF
Redmond & Co, George F. Baker. Jr.,
OF tho First National Bank. whose father
In chairman Of the board Of that insti-
tuition: Francis l.. Hine, president OF
that bank, who. with Mr. Woodward. wont
to Washington on Saturday TO confer
with Secretary McAdoo Benjamin Strong.
Jr.. president of the Bankers Trust Com
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-08-03

} We sell only sterling furniture, barring all
meretricious stuff.
The August sale stocks are of exactly the
qualities we sell every month in the year,
which our regular customers buy and rec
ommend to their friends.
The variety is much more extensive than
ever.
The August sale consists of special lots
made for us at reduced prices by some of
our favorite manufacturers, by whom our
regular and frequent orders are appreciated,
plus other regular goods on which we take
loss only at this time in the year.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-08-03
Furniture Selling Here Is Different
~ Etgbt Timely Conslae,ut,ons for This ANguN

go Every piece of furniture on our floors is
priced less than the July prices, and the
tickets tell the story plainly and faithfully.
co. Some of the pieces show but small saving,
but even that is actual saving.
Cd Very many pieces of splendid quality, de-
siraple from every point of view, we are en-
abled to offer, in this Sale, at very consid-
cradle reductions from prices at which they
recently sold.
(s) This being an exceptionally important
sale, I commend it especially.
...... . '. ..'.. %,NlA&
The Madison daily leader. [volume] (Madison, S.D.) 1890-current, 1914-12-18
PEOPLE OF ENGLAND
HAD FELT SECURE

London, Dec. 1.-THE lombard
ment of cities on the east coast of
England by German cruisers Is the
first overt act of the war against
British territory. The British people
have felt that their fleet in the North
sea was sufficient to render that pos
sibility very remote.
Immediately on the outbreak of hos
tilities the British feet, or at least a
considerable portion Of it, took up po-
sitions on the eastern side of the
North sea, by which the German war
ships were held in check in or close
to their naval base at Wilhelmshafen,
the mouth of the Elbe, and else
where on the western coast of Ger
many. This patrol has been main
tanned since early in August.
1t has been from time to time pene-
trated by German submarines, but so
far as is known the instances when
German cruisers or battleships have
The Madison daily leader. [volume] (Madison, S.D.) 1890-current, 1914-12-18
SENT To CONFER
WITH MEx|CANS
General Scott Will See BOr=
der Commanders.
HOPES TO END TROUBLE
Chief of Staff of United States Army
Will Use His Personal influence in
an Effort to Prevent Further Firing
Across Boundary.

Washington, Dec. 17.-Brigadier
General Hugh l.. Scott, chief of staff
of the army, was ordered by the war
department to proceed to Naco, Ariz.
at once to use his personal influence
with Mexican leaders to cease hostili-
ties.
Secretary Garrison explained Gener-
al SCOTS mission in this statement:
by reason of the personal acquaint,
ance with the different factions while
he was stationed on the border Gen
eral Scott has been ZEN to Naco to
induce the warning factions on the
Mexican side of the line to desist
from imperiling persons and property
on u side of the line
General Scott left Washington at
GLE last night and expects to arrive
The Madison daily leader. [volume] (Madison, S.D.) 1890-current, 1914-12-18

the bombardment. disappeared in a
northeasterly direction.
Redcar says heavy firing was heard
off the coast between s and 500 a. m,
and three cruisers could be discerned
looming out of the haze. The people
of Redcar sought the water front, but
were driven back from the prone
made to a point beyond the danger
zone by the military authorities. No
loss Of life was reported.
The Madison daily leader. [volume] (Madison, S.D.) 1890-current, 1914-12-18
Attack Of Germans
on English Coast.
FOUR TOWNS SHELLED
BY TEUTON WARSH|PS
Some Lives Lost and Consider.
able Property Damage Done.

London, Dec. 17.-The long expect
ed German attack on England has
been made and for the first time in
the history of the United Kingdom
hostile warships bombarded English
towns. Scarborough, Hartlepool, Red
car and Whitby, on the shore of the
North sea, were shelled by German
warships. The extent of the damage
inflicted was not revealed In the early
reports, but refugees from the towns
attacked tell of the destruction OF
several buildings, some of which were
set on fire by the shells.
Early reports say nine persons were
b~ombardment of Hartlepool and at
least fifty shells are said to have been
thrown into Scarborough, where one
death Is reported. Two German cruis-
ers are said to have bombarded Whit
by, which also reports one death, and
Redcar reports say three cruisers could
De seen on the coast al tnat point
The oficial press bureau, however,
nounc only one small German
vessel opened fire on Scarborough and
Whitby and adds that the German
vessels attacking Hartlepool we're
driven CT hy guns from the West
Hartlepool fortress.
Only Few Swift Cruisers Take Part.
Adyices reaching London indicate
that Germany ent only a few swift
cruisers for the raid OH the coast OF
England, largely for its moral effect,
and has not attempted al action with
its main fleet or an invasion of Eng
land. When the news Of the naval
raid was announced by the British ad'
The Madison daily leader. [volume] (Madison, S.D.) 1890-current, 1914-12-18
MANY JOBLESS IN CHICAGO
City Authorities Provide Shelter for
Four Thousand.

Chicago, Dec. 17.-Forty-one hun.
dred homeless and jobless men were
given beds in two municipal houses
and the Dawes hotel on the third
night of the present cold wave. In
one municipal lodging house 3,1O0
men slept. Negotiations were COM
pleted by city authorities for another
building which will house 1000 more.
The weather bureau predicted fair
and colder weather.
The Madison daily leader. [volume] (Madison, S.D.) 1890-current, 1914-12-18
shop fumbled down about them.

shop tumbled down about them.
Forty or fifty shells were thrown,
the objective of the German gunners
apparently being the town hall, which
was damaged slightly. Other prop
erty suffered much more severely and
at places the streets were filed with
wreckage.
During the bombardment the vessel
steamed slowly past the town and
finally disappeared in the haze. After
she had been lost sight of the sound
OF her guns was heard for some time.
When German shells began falling
into the town residents rushed out oil
their houses in a state of the greatest
excitement. Many ran to the railway
station and boarded a train that was
just leaving for Hull.
Bombardment of HartIepool.
Nine persons are reported to have
been killed at Hartlepool during the
bombardment, which lasted twenty.
five minutes. Many business premises
and private homes were wrecked. The
German vessels never once were clear.
ly visible from the shore and the re,
suit of the fire from the British forts
on the River Tees is not known. The
gas works were destroyed and pieces
of shell were found all over Hartle
pool.
A report from Whitby says the
Do~mbardment of that place occurred
between 9 and 10 a. m, and that the
two German cruisers which dropped
shells into the town appeared to be
about three miles off the shore. The
Whitby dispatch says one person is
reported to have been killed and sew
eral were injured. A number of build
ings, including the historic abbey
were damaged. The cruisers, after
The Madison daily leader. [volume] (Madison, S.D.) 1890-current, 1914-12-18

Chicago, Dec. 17.-William Lorimer,
president OF the defunct La Sale
Street Trust and Savings bank and
once holder of a seat in the United
States senate, appeared in the criminal
court to urge a speedy trial of the
charges against himself and other of.
ficers of the La Sale Street bank who
we're indicted on charges OF conspiracy
to defraud the bank. The court set
the trial for Feb. /, 1915.
The Madison daily leader. [volume] (Madison, S.D.) 1890-current, 1914-12-18

broken the British line ana emerged
into the North sea have beer few and
far between.
Dispatches from Germany for as
much as a month past have indicated
in one way or another that the Ger.
their sea basis for naval activity
Very little detail of what was going
on has come out, nevertheless these
messages led to the belief that the
German ships might soon attempt
some maneuver.
The Madison daily leader. [volume] (Madison, S.D.) 1890-current, 1914-12-18

miralty In London II threw the Eng
lish metropolis into the greatest state
of excitement that has prevailed since
the outbreak OF the war. Insurance
rates. so far as the North sea is o
cerned, practically were suspended by
Lloyds, and crowds gathered in the
streets to read the announcement of
the attacks.
The official announcement that the
British iotilla has been engaged with
the enemy al various points leads 90
the conclusion there has been more
than one naval encounter in the North
sea, but no definite knowledge of the
outcome 10 at hand.
The Yorkshire Evening News re-
ports that two German cruisers were
sunk in the engagement and that the
British flotilla was damaged. Reports
also are current in London that two
German cruisers have been sunk in
the North sea.
The bombardment OF the English
coast towns would indicate that the
Germans have considerable liberty OF
action and in London there Is a food
OF speculation as to how the German
vessels eluded the British patrol that
has been maintained off the German
coast since early In August.
Throw Shell After Shell.
Advices from Scarborough say that
just before daylight broke a vessel OF
the cruiser type was observed OF Scar
borough. The warship came in close
and for half an hour threw shell after
shell into the town, doing consider
able damage.
A woman behind a counter in
shop was killed instantly and her hus
band was wounded. The ruins of the
The Madison daily leader. [volume] (Madison, S.D.) 1890-current, 1914-12-18
CIVIL AUTHORITIES LEAVE
Much of the Population of Cracow in
FIiuht.

Warsaw, Russian Poland, Dec. H.
Arrivals here from Cracow report that
the civil authorities of the Austrian
fortress have gone to Vienna and that
the middle class population is fleeing
into Hungary.
Gangs OF workmen and soldiers are
said to be busy preparing intrench-
ments and barbados of all descrip-
tons. Art treasures have been taken
to places of safety and the museums
and schools have been converted into
hospitals.
The Madison daily leader. [volume] (Madison, S.D.) 1890-current, 1914-12-18

at Naco at 2 p. m. Saturday. 1t is not
planned that General Scott shall re
lieve or supersede General Bliss of
the active command of the American
troops at Naco. II after further warn
ings the fire into Arizona does not
stop it will be returned by the Amer
lean troops.