davidaulloa/AmericanStories huggingface dataset:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-11-24
THOUSANDS CHEER
CITY WHITE WINGS
Fetherston's Department
Makes Fine Show in
Street Parade.

The white Wings had their day
Yesterday, when 700 picked men
marched through the streets with old
and modern street cleaning apparatus.
Tho line Of march ended OF the let
Field Artillery armory, Broadway and
68th St., where there was review, and
where lsst night an exhibition was
opened by Commissioner Fetherston
and City Chamberlain Bruere.
Thousands Of people had stopped 70
watch the parade before IL passed be-
fore Mayor Mitchell, Commissioner
Fetherston, the judges who were 70
bestow the prizes and others, including
former Commissioned William II. I'd
wards. at the reviewing stand.
There were three divisions, two Of
them devoted 10 the men, horses and
apparatus now in use, and the third 10
dirt collectors and sbsorbers that the
city may buy for future use. The
bands Of the Police, Fire and Street
Cleaning departments headed the d.
visions.
The motor vehicles received tbeiE
fair share Of attention, but real On
thusiasm was manifested when some
Of the horses. now working for the
city from ten 20 twenty years, passed
along. The men, too, we're apPl2pded
as they kept the perfect alignment that
usually goes only with the long drlil
ing Of the military.
Kitty, nearly ten years in the SER
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-11-24
NOW IN WANT, He
SUES RICH WIFE
Gave Her Fifth Avenue Home,
from Which She Shuts Him,
KereSey Says.

John T. Keresey. formerly a wealthy
importer of rugs. filed suit Yesterday in
the Supreme Court 10 recover chattels
valued at S7,425 from his wife, Mrs.
Mary d. kcresey. who, he said, has
closed against him the door OF her
home, at . East g3d ST, which years ago
he bought for $4,000 and gave her.
Keresey, who says he Is living in
want in a furnished room, declares
that i'm the last twenty years he has
turned over 10 Mrs. Keresey more than
5000 600. The couple have hye sons,
the eldest of whom will be twenty-onc
years old IN January.
Kerescy holds his sister-in-law. Miss
Margaret Donueliy. responsible fol
much OF his trouble. lie blames her
for causing him 20 become addicted 10
drink Miss Donnelly used to be a
partner Of keresey in business, but ne
bought out her interest.
The house Of his wife, Keresey says
contains $4,000 worth of furniture
which he bought, end he needs the ar
ticles, which he is suing to recover. to
keep him from want He is now EN-
ployed by the firm of Benguait & Kere.
sey, of which his brother, James Kere.
sey, is 2 member.
= Among the articles demanded bS
Keresey is a painting by ". X. Ranger
valued a. s2,500 . cabinet, $3.50; q
Chippendale chair, S275, and several
rugs. In lieu Of the articles, he asks
for S7,425 and $4,000 damages for his
wife's retention OF these articles.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-11-24
TRIBUNE READERS
MAKE CITY GROW
Hundreds Select Lots for
Summer Homes at
BeaChwOod.

Automobiles on Atlantic City Boule-
ward view daily the process OF develop
ment Of Beachwood. the new sescoast
summer resort being constructed Tor
New York Tribune subscribers near
Toms River, Barnegat Bay, N. j. This
latest addition to The state map VIII
assume the aspect OF an actual living
community in the spring.
Hundreds Of workmen are engages
in identifying the big tract Of land.
Roads are being constructed and sur
veyors are rapidly laying out the build
ing lots and sites selected for the con
structicn of the community houses
such as the yacht club, bathing payll'
ION, dining hall, garage, etc. a PARK
way, free Of access to all the residents
Of the town. is being cleared along the
waterfront. which extends for more
than a mile along the beach.
Atlantic City Boulevard, the New
Jersey State highway extending from
New York Grey TO Atlantic City, runs
through the Beachwood property. Hun
drods Of automobiles daily during the
summer whiz through the tract OF land
along this speedway. on both sides or
which will be erected residences by
members of the colony.
Another favorite site for prospective
summer homes is the territory adJoin-
ing the intersection of the Central
Railroad Of New Jersey and the Penn
sylvania lines. which cross the prop
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-11-24

here. France is expected to dispose Of
some of her holdings of Americans, but
there is still a good investment de-
mand in that country and yesterday II
was said that her sales might be com
paratively few.
French exchange went still higher
in sympathy with sterling bills ard be
cause there is only small supply max
ing. Cables were 5.1Oll at the close
and checks 511iI. German exchange.
on the other hand, touched the lowest
price yet reached S5ai for demand. It
closed at S57s and the cables were S6ls.
Throughout the world the exchanges
are all against Germany, largely be
cause of her inability to export goods
on large scale. Cable reports from
Paris Yesterday morning told for the
first time Of German shipments Of gold
10 "A foreign country-in this case of
S2,400000 to Denmark-to support her
exchange.
Between London and Paris now eX-
change is at the gold shipment point,
but Paris has foregone her chance TO
take gold from Frances ally and has
subscribed to the British war lean in
stead practically accepting payment in
securities, Just as England used to be
satisfied with securities for the pay
ment of her claims against the United
States.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-11-24
BADEN-P POWELL WILL

The viii Of Mrs. Florence Sydney
Badeu-Powell, wife of Francis Smyth
Baden-Powel, artist and brother OF
General Baden-Powell, Of the British
army, was fled yes terday in the Surro-
gates Court. Mrs. Baden-Powe died
October II.
Mrs Baden Powell left to Mrs. Mar
garet d. Talbot, d friend and wife Of
Charles Fleming Chetwynd Talbot, Of
London, $4,000. Mr. Talbot is named by
Mrs. Baden-Powell as guardian for her
cleven-year-old son, Robert Harold
Baden-Powell, and is to receive 81 goo
d year until the son is twenty-five years
old Mr.. Baden-Powell receives an an
nuity Of $4,000 The income from the
residue OF the estate Is to be used for
the support and education Of the son
of the testatriX, ana at twenty-five
wears old he Is TO receive the principal.
The son is living with his father, at
Wimbledon, London.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-11-24
NOTES OF THE TRADE,
nnsiness L. Whit You Make II.

"The pessimistic manufactures ; !,
throughout the country sald fhii
Gill TO n Tribune representative yes
terdav. "are blaming their troubles on
,he war. tariff. weather, etc, OVERLOOK
inc the vital point that they themselves
arc at fault and have the only remedy:
"Uerewith are the reasons back OF
co,.oin troublesome conditions IN tne
dress trade Take the past season ana
Won will find that style changes nave
been so FREQUENT as 20 make buyers
cynical. Instead Of dividing the year
;nto four seasons they have DIVIDED ~
INTO twelve. getting out new style
oocb month. Beginning with last spring
m ruf1e dresses came out, and mer~
chants loaded up with them. before
tbcv had a chance 10 dispose OF their
efocks the tunic effect dresses came
alone. but we're "A month old before the
mcrcbants had chance TO sell any.
The BASQUE then made its appearance,
then tho redingote. Less than month
later combination sergcs were in vogue,
and then right on the heels OF TINS
came the mandarin effects.
"How can the merchants be expected
TO do business under such circum-
stances? If these same manufacturing
concerns had only waited with the ere
atoms until the opening OF the follow
ing season, merchants would not nave
gone away. as many did, without plac-
ing large orders last fall"
II. Baer, of Baer g. Lilienthal, resi-
dent buyers, reports that business in
the ready-to-wear lines has been up to
the standard in the South. Conditions
in general look much better at present
than they did at the beginning OF the
fall season.
A. Grecnbaum, now IN the Middle
West representing NJ. Greenberg & Co.,
reports business very good IN dresses
and waists, owing 10 the fact that sew
eral large mills are running on full
time.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-11-24
new HAVEN HEADS
FIGHT INDICTMENTS
William Rockefeller and
Six Other Directors
File DemurrerS.
USE SAME ATTACK
AS SAVED MELLEN
De Witt Cuyler and J. L. Billiard
Claim Immunity on Ground
They Gave Evidence.

William Rockefeller and six others
Of the twenty-one past and present
directors Of the New Haven, indicted
three weeks ago under the sherman
antitrust act. yesterday began their
fight by attacking the validity OF the
Indictment found against them, chiefly
on the ground that the grand jury was
improperly drawn.
Judge Clarence W. Sessions, before
whom the case came up, served notice
mon counsel for The defendants tha'
he would not permit any unnecessary
DELAY. 81 will hear this matter IN the
morning" he declared, land l shall ex-
pect counsel TO be prepared to so on
The main line Of the Rockefeller at
tack upon the indictments sets up
that under the law the jury must De
drawn by commissioner and the clerk
NJ the court. who must reside within
the judicial district. Alexander Gil
christ. jr., the clerk Of the court, desig-
mated this duty TO William Taliman'
his assistant, who. the defendants dc
flare in their demurrers, is a resident
Of New Jersey.
The jury, furthermore sat Illegally
m that the Germ for which it was drawn
had expired. say the defendants law
rers. Persons with no color Of right
we're present daring the taking Of testi-
nonv. and the box from which the jury
vas drawn WIS not filed with the
rnrber Of NAMES required, is another
Qround urged. and the Indictment itself
IS attacked for duphclty.
The defendants attacking the valid
l+v Of the indictment are Mr.. Rookie
TELLER +. W. TAFT, A. Heaton Robert
son. lanes :. Hemingway, Charles F..
Brooker. William Skinner and James
In addition. Tho mas de Witt Cuyler
claims immunity from any prosecution
nv reason of having been a witness pc
fore the federal grand jury Whlcn; IN
February. 1913. indicted Charles >. Mel-
len and others for fhelr part IN, IN tns
Grand Trunk deal. John L. b llI1II
claims immunity by having been calleu
as a witness before the interstate Noi"-
merce Commission.
The attack upon the manner Of draw
inc the grand jury was surprise 10
The government attorneys, Who now
ever had looked for numerous crop
of 5emurrers. None Of them would
talt for publication, but among them
selves thew called the demurrers triv-
ial .h;oo+;or
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-11-24
Cloak, and suits.

iiohM INV SNhHf
ALBANIAN Rich & nns l. J Rich. las W. aSd
ANrISo wis-Goldberg ncp store. Goldberg.
pasToS" Frcnss Mn Ph,trs coats. iiS W a2d st.
BANGOR Ma L rricss; A rho's 1910
cHicAGo "llimaus: Gum. ile $40 st.
Tort ONT" woirH TBx,-w Stripping. Mas 30
FORT WAYNE. INn-Frank u q Cos u Lous.
1ACkSoS Miss"R a Remington 60. Ken
rinNon. 1870 BwW, AN ho% -. A.. to,,on.
fITTfI ROCK. ARK -lowenberg co. MI I""eh'
plTrsRvRdll~ Frank 4 sedcr; seder coats. go
pITTs al RGiI|Kaufman Dep, Store Levy. base
nent 200 OH M Room No4 , 49,, 90. AKA
san NNNAII-Ieopold Adler. l. Mayer JOBS ''s
ssb av. iitb door.
waists.
nosToN-w 4 A bacon Go. Miss God'os' 81
RosToN%frenos Mr. Ieay. basement. lle w S2d
CHICAGO Naudol Bros. Miss Bernstein. basement
p,T IS ~ Kaufman Dep, stores Miss Gibian.
IS Lew basement. 200 5th ay Room SUI
DRESSES.
Aq1.ANrA-M Rich 4 Broe. J. Rich iS " 4'u
~ H IHT n V Mfg Coz Mr. Reeve. swins 'iik
dfcssce 70 W c2d n, Nth floor 90. A. 90, a,
cIIiCNGo ~Hilmans: q q Gum. llo S4n w.
rd mSTn wyAA,yyNE. IND-rrank u Co. u Lone'
ro ST " wso9Kfh III TEX~w siriplns. MAYS 80
So N !, ie poS Adler Mayer ioos 1853
an av ll'h hoor SKIRTS.
pANGoR. ME-A J. Frecse' AT'e"' lev
, EES;TTN MISS r A Remington Co: Ken
, TnsiS So R FsSimsn bSp Low base
me 2s9 81 o s, E0y HdIor: Mayer Jobs. s's
AN aN llth floor.
Ladies' underwear.
pnsrnN w N A Bacon Co. Miss Gold'ns' Oh
,, exc s., s is Cooper Co; Miss Carey 10 20
c1tcA ,S!a n2I Bros: Miss Bernstein Is ga
or u, s7II Is noS Bser Fuller: Miss koarney' q
sW I 2Sd :, Famous fgn u.s. Barr: Mrs Black. 81
s6th st. Sth floor.
Infants Wear.
cHrcAGo-s Cooper co. Miss fana''' 10 =
cniGA GoH IGH Bros: Miss Bernstein. 10 b ga
s,s l2ih aoG Sal, sser Fuller; Miss Nolis Il
W esd q. 10th floor.
Mans, Dresses, KImonos and Aprons
RosTON-w q 4 Bacon Co. Mss D0'uin'' %
Tni99 So 20 Cooper Co. Miss Gary. 10
22d 81. 10Th floor
linen, pOmsstIcs and Pl'os Goods.
CIV 1.ANp-May Co. 5 We'll. piece goods 81 "
o,ii v.u H. Brandcis & sons. w Roidy' linens
,t.r-TsspI' RGU-Boggs a Bull Mr. Schuiman' piece
"a - " a6fh st. Sth floor. - e., N,
81 TOrIS- Stix- Bacr y Fuller. rIeuhd' q
z"q o ~; iO' ainois 4 Barr CO. Mr. Warren piece
-,1Js ~ " stfh ST. Sth floor. go g..
81 -Manhemer Bros. Mr. hophHs hheis'
1870 BwGy. An toor
silks.
ALBANIAN Rich a Bros. T Beafdon l4S
cII sSrTAN0oGA-D - Lovoman Co: Kari. lfs
crIiCAGo-Mandel Bros. Ertle IL z 22d S.
pIfsrsRf RGH-Kaufman Dept store. hpman.
200 9TH ay. Room S02
Furs.
PTTTSBJ RICH Frank & Sedef. II shamburg JOBS
40 4fh as. 10th floor -,
pITvTSBT' RGII- kaufman Dept store, Levy
basement POO 9Th aV. room sO-. 800 90
BOST0N-Filencs. Mr. Rms basement llo o-d
81. 18th floor ..,,,,
PITTSBI RGH- Kaufman Dept store; Miss VOL
ra.fon and T. l. Cohen. 200 jfh as. Room Sp-
BOSTON Fucnes, Mr. Dutch. uutlmmcd m-Ilnery
Miss O'Nc.li misses aud chldren's millinery ITO
W 32d 81. 18th hcor.
Mems and Boys Wear.
BOSTON-R n White CO. l Friedander clothing.
470 an az 18th floor
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-11-24
DAWSON TO MEET
BRITISH BANKERS
Morgan Partner Going to
London to Explain Plan
to Paw American Debts.

The scene of the conferences be
tween representatives of the United
States and British treasury depart
roents and important bankers has been
shifted TO London, and on Wednesday
Horny p. Dawson. Of J. 2. Morgan &
Co.. will sail on the Adriatic, with Sir
George Paish and Basil b. Blackett, Of
the British Treasury, to continue the
discussions there. He will be met IN
London by James Brown. of Brown
Brothers d Co. member of the com
mittee which, with Albert Il. Wlggln'
president of the Chase National Bank.
and BENJAMIN Strong, IT, governor OF
the local Federal Reserve Bank, repre-
scented the American bankers IN the
Washington meetings. They VIII eN-
plain to the English bankers their pro-
posals for rearranglng the inttfhauoh-
al banking situation.
Out of courtesy 10 the Chancellor or
the Exchequer. whose representative
Sir George Paish Is, the plan when me
American bankers submitted 70 inc
British visitors as an alternative TO
paving gold in settlement OF American
debts abroad has not been disclosed,
but it has been said on seemingly good
authority that il embraced the opening
of a credit with London bankers for
$1,000 1000. on which bills Of exchange
could be drawn which would not have
10 be met for six months. 1t was cal
culated that in six months the trade
balance would be so much IN favor OF
this country that IL would be compare
lively easy to meet debts with exchange
bought al q low price. Whether the
plan has details guaranteeing English
creditors against an abn0rmally low eX-
change rate IN return foi their fore
bcarance in collecting their claims is
not known.
over Sunday il became known that
the stock Exchange authorities had
again obtained clear vision OF open
ing the exchange perhaps before
the end Of the week. The news had
its visible effect in Wall Street IN a
rapid advance in exchange rates that
carried demand sterling up 10 4S9'4,
or less than a cent in the pound below
the gold export point, and cables to
1904 In the exchange market 1T was
said that the stock houses were buying
heavily so they might be able 70 remit
O. their foreign customers the proceeds
Of their security sales. A great deaI
of doubt. however, was thrown on the
probability that there would be muct
4 German or English selling Of bonds
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-11-24

erty. The railroad station for Beach
wood jewellers will he situated Mt tho
junction Of the two rail lines.
While the premium offer OF seacoast
lots has only been made known 10
Tribune readers within the last TWO
weeks, there has been a wide response
to the invitation to join the newspaper
colony at the salt water coast resort
Among the hundreds who have nj,
ready selected their lots at Beachwood
are many who have chosen the spot to
indulge in their favorite sports OF
boating and fishing, for which Barne-
gat Bay has wide reputation: Others
prefer the site Of Beachwood for them.
selves and families for the reason that ma
the new resort is situated nj a sum
Gent distance from the city TO escape
Weekend excursionists and is also
placed in the midst Of the Jersey coast
summer activities.
Only subscribers Of The Tribune are
allowed to become members OF Bench
wood
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-11-24
SEARS JOB UP AT IN0IIIpy
Reu Says New Examiua.io,
Has Air of Suspicion

A. tho civil service inquiry ys,,,.,.
Judge Jacob Neu. president n ',yps'eL.dsy
commission, referred to The -. ''a's
qualification in the readyertlssd 4s'
nation for Superintendent Of 49, ~ g
nicipal Labor Bureau. lie az ~
proposed action created s",. N
that the examination vas beirgp ' t,,
simply tor one competitor. We AsN
stated that preference should 10 SO
70 residents Of New York Civ s'.ef
aminstlons % which nonresident ", ~.
admitted. at
Superintendent Sears. Who "a.
cially engaged 70 be head Of he K
rcau, is resident % Boston Wv 'e'
Edward J. Mcluerny. presi6.,. ~,
the Eligible Male Attendants' 49,. 49, ~
ton, complained Of fayori,isr, 4, y,
employment u labore-s 90 ,.is,5...s.''
in public baths ard iu the psrs n.
partment, especially in Queens
Secretary Belcher % The rrn,.,..,
comnisri0n said that after 'rvs., y
tioa Borough President C9nrsiig ~
sent letter Of explanation. The ~.
ter was ordered rciBvestigated and -.
inquiry was not yet completed w
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-11-24

60 Tallman's presence in place OF Clerk
Gilchrist was not vital, as special
section Of the statutes permitted ono
living within twenty miles Of the dis
trict TO serve as he did. MIR. Tallman
lives In Englewood which is within
the twenty miles zone.
T. de Witt Cuyler was the first Of
the director defendants TO make his
answer. This he did through O'Brien,
Boardman & Platt, setting mp that the
Grand Trunk deal is part OF the sub
iect matter Of the present Indictment.
For the other defendants, i, Lewis
Anderson filed demurrer for Mr..
Rockefeller. and Judge John w. III.
Grim for Taft, Robertson and Hcmlng-
way, The documents were identical in
wording. and in brief set up that As
sistant Clerk William Tallman was not
the person 10 draw the grand jury;
that less than the required 800 names
were in the box; that Ray f. Schoon-
maker and George Zengerle, stenogra-
pliers. were present in the grand jury
room in violation of law, that the term
for which the jury was drawn had eN-
pircd.
In Judge Crim's demurrer for Rob
ertson and Hemingway il is denied that
the acts complained Of against them
constitute a crime; that the Indictment
is void for duphci,y in that IT charges
several offences, each separate and dis.
tiuct: that the offences complained of
are not set forth with sufficient GER
tainty, and that the monopoly COM
planned Of is not unfair or unreason-
able.
The demurrcrs Of Skinner, Elton and
Brookcr follow the lines of those filed
for Mr. Rockefeller.
Il was recalled in the Federal Build
ing yesterday that the first indictment
against Mellen and others for the
Grand Trunk transaction was success
fully attacked on one of the grounds
urged by Judge Grim for his clients
Yesterday that the term for which the
grand jury had been called had expired
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-11-24
POLICE SIDE LINES TO GO
Amendment Of Rule Hits at
Men Who Use Spare Time.

The rule that members Of the Police
Department shall engage in no side
lines was amended yesterday. Police
mon under suspension without pay may
now work at something else, with the
permission Of Commissioner Woods.
At headquarters last night it was
said that, although the old rule worked
hardship at times. no specific cases
could be cited as having inspired the
amendment. IL was thought likely the
rule was changed TO emphasize the reg
ulation regarding men In good standing,
many of whom, it is understood, have
been considerably increasing their in
come BY activities outside their depart
mcntal duties.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-11-24
WHAT THE BUYERS
WILL LOOK AT TO-DA 7

INV oRLEANS--D II Holmes Co. Mr. Malone
cluthing ~ y 2eih A. Room $40
ST LoUtS-StiN Bacr 4 Fuller. Sol llubn, genus
Furnishings hosiery and underwear. ~ fsh |"
10th floor
R0sroN- Fllcnea. Nfr Raphael mems and boys
clothing. Mr. kornlrsthal. men : and p")s
clothing basement nc w sd II. 18th hoor'
Miscellaneous.
rosToN--.iogAan March Co. G BRADY, representins
81 Union 90 ilih fnqr 80,
horr rcnoral merchandise. las W Afd a. 81 ~,
CHICAGO Slcgci. Cooper Go. Miss FREAK hoeA"'"
~ B. led ~, 10Th door. . ,,,.s,
pfrrSHIKGU- kaufman Dept store. z Alonsnt
jov,lry 200 5th Az room @2 -.
BOSTON Fiicncs. Mr. Hahn, lcwelu ana leAn''
roods bascmonL li6 w SD 1t. 18th floor.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-11-24
IMPORTATION BUREAU.

tnquiries relating 20 trade matters and
conditions should boz addressed TO the editor
" tho Buyers Column
Question Is the present a good time
10 20 on the road with house dresses
and kimonos? J. Epter. Answer-Yes;
for January sales.
Question VIII ratine be used for
summer skirts? Sincerely, A Salesman.
Answer 1t win be shown by many
concerns.
Question Will the resident buyers
Offices be open Thursday? X. X. An
swer A majority will observe the holt
day.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-11-24

wee, won the first prize and .,
ough prize OF Brooklyn. Hsrys eoi'
cahey was her driver. The Man. huI-
borough prize went 70 Tys.' ''h
driven by Charles Ribbons III Iars
ough prizes for the best dr,v,r's Dor.
awarded 10 William 6. Croocl sssis
haitian; Frank Cornish, The asa.
Harry Beimer, Brooklyn. "'nI;
The judges we're Captain " =.
son, y. 8. A., retired: P. n o. 81. Sie-
superintendent Of equipmen, anton,
Department OF Street Cleaniny. ~ Tie
=. Eresl, superintendent Of H. ngnn.s
A.; DR.. David n. Lesyy, Mrs .. r.! :. z.
Speyer and Mrs. Stella Erich 'anss
The Abbeville press and banner. [volume] (Abbeville, S.C.) 1869-1924, 1914-08-05
Stock Markets of World Closed.

New York.-The vast and complex
machinery Of the securities markets
Of the world came to a complete halt
for an indefinite period. 1t was an
occurrence unprecedented in history.
With all Europe seemingly on the
verge of war, the Continental ex-
changes closed several days ago with
the London market following suit the
New York Exchange would have been
called upon to bear the weight Of the
worlds financial burdens. It virtually
had done so all week, for while the
London market was open, transac-
lions were nominal. The un loading
Of stocks here by panic-stricken Eu-
rope during the last four days and the
consequent collapse Of prices made
history in Wall Street.
To continue longer to bear the bur-
den, in the opinion Of tho bankers,
whose influence determines the course
OF events in the Street, would have
been hazardous in the extreme. After
a period of hesitation and extreme
nervous tension, it was decided 10
minutes before the hour set for the
beginning of business that the eX-
change would not be opened. That
action closed the last great market
Of tho world. "If a general European
wal should come" and member of
the board, "the exchange may be
closed all Summer"