davidaulloa/AmericanStories huggingface dataset:
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-06-21
100000 workers Affected.

The workmen's compensation law OF
New York an cts between 100000 and
1000. 900 workers In the State. II Is est.
mated that OF this number between 1907
600 and zoo, 600 will. be injured annually
and that $4,000 will b so injured as tn
bring them under tn, law. As general
proposition the law does not operate for
u man whose disability liz less than two
weeks. although medical and hospital ser
vice april to all INJURIES
The law Is so explicit that the commits
sloners believe that all sulh injury cases
will be taken out Of the courts. II will
relieve the calendars. II is sad. and do
away with the pre- nj profitable system
OF ambulance chasing.
with the railroads In allegiance the
commission Is working almost night and
day 10 lie ready for the enforcing OF the
law. The state then will ion with
twenty-three other States OF the Union
In insttuting a system whereby Il will
collect from employers compensation for
INJURIES 10 employees while Mt work ex-
cept those Incurred by design or when
In helpless condition from intovication
Personal relations between euplover and
employee will he abolished and the State
will act US the mlddieman. II will de-
ter7nine the rate OF compensation the
time for which II will he paid and In
cases ~ death 10 whom the money IL to
naid.
me insurance feature or the law
whereby employers may escape veNatious
negotiations for each individual injury.
Is the most important feature OF the
bill in the estimation OF business men
the state Itself has gone into insurance
and win have as its councillors the mu-
tual and stock comnaries approved by
III" state Insurance Department and the
big corporations which will make their
own insurance.
F. Spencer Baldwin an exnert in In
dustrial insurance, manager OF the State
fund. has worked ont the details of the
State plan, and yesterday he explained
some OF the features OF f. lie was sacre-
tarv Of the EMPLOYEES Insurance Fund
OF Massachusetts. which handled the Mas
sachusetts law. He no'nted out that New
York is providing insurance for about
forty-two industrial groups which em-
brace about / 200 snerlfic occupations
every one OF which has a rate
The emnloyers premiums are based on
his pavrolls and the rate fixed for his
class o' en1nlovaes. II he desires HI. ca,
pay this in TO the State and be exepmt
He can obtain policy from an approved
company and cover himself, or he can II
he Is sun'r'en'lv liable. guarantee the
Insurance himself
I'VE believe the state can give the
hest insurance for several reasons" Mr..
Baldwin said. we know Il is ahou,
Sl-3 per cent less than private comnany
rates. and more evpediilOus We know
there Is considerable doubt In the MIND.
or employers about Il. hut the fact that
we Inv" had about 10 000 nnnIlcations
for policies within the last few weeks
elbows the interest I'm the subject This
does not mean that all these EMPLOYERS
VIII take state policies They want TO
study them IN connarison with policies
OF private companies
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-06-21
ROADS MAY ESCAPE
COMPENSATION LAW
Shreveport Case Decision Be-
lieved to Affect New
York Statute.
TEST BY RAIL LINES HERE
State Officials Are Ready to
Start WOrkmen's Aid Prompt
ly on July 1.

The United states supreme Court may
have eliminated the interstate railroads
Of this state from the operation Of the
New York workmen's compensation law
which goes into effect on July I.
Just ~ the time the commission and
its experts were working out the rates
and premiums for the big carriers with
their hundr, ds OF thousands OF employees
the Shrev port decision. written by JUS
tice Hughes. was handed down. which
leaves both commissioners and railroad
men undecided, and "a test case may DO
necessary.
Under the decision OF Justice Hughes
this can be passed upon by the Inter-
state Commerce Commission. which has
tho power to set aside all laws or rtgu-
lations OF States which Interfere with the
operation Of railroads engaged in inter-
state commerce.
At the office of the commission. Madi-
son avenue, II was said yesterday that
nothing positive had yet been decided
In the matter. II Is still In the discus
sion stage between the railroads and the
commission. In all likelihood the ques-
ton will be taken up in some form later
on. Whatever the result may be II will
not EXEMPT the railroads from an emf
ployers' liability law, for II they avoid
the one they will come under the Federal
law. which. however. Is not so drastic a.
the State regulation.
Among the roads concerned are the
New York C,ntral, West Shore Erie.
Lackawanna, Lehigh Valley. New York.
Ontario and Western. Delaware and Hud-
son and Boston and Albany, together with
many shorter lines.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-06-21
GOLD EXPORTS NEAR
END, BANKERS THINK
Opinion Is That There Is Little
Likelihood of Any Coming
Back at Present.
EUROPE SATISFIED NOW
Mr.. May Declares Administra-
tons Policy Appears to Have
Sent Specie Away.
EUROPE SATISFIED NOW

The end OF gold shipments abroad for
the time being will come with the close
Of the week in the opinion OF leading
international bankers. The total amount
OF gold shipped since the first OF the year
has been s7o.750.oOO Though the ship
ments will end soon the possibility OF
further exports later that will take an
other large amount OF gold out OF the
country before the end OF the year is
seen by bankers The best opinion among
international bankers Is that there ls no
likelihood OF drawing back any OF this
gold In the present staSnant conditions
OF business here
Max May. vice-president OF the Guar
anty Trust Company. one OF the authori-
ties on exchange In the country. said yes
terday that he looked for the end OF the
present gold outflow by the close OF the
week.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-06-21
Europe wants No More.

The reason lie that Europe has now
satisfied Its wants." said Mr.. May. The
expected cessation of exports next week
is not based on Offering Of commodity
bills, but because Europe does not care
TO take any more gold at present.
Il do not look for the gold TO come
back this year. II would be impossible
TO say when Il could come back There
certainly appears TO be little chance OF
gold coming this way under present con-
ditions OF business. The Administrators
measures appear TO have done all that is
necessary to send gold abroad and have
IL stay there.
Even with the operation OF the reserve
bank system. II will not be possible TO
stop the outgo or bring gold here. II
would be case of manufacturing paper
money like the South American republics
to Ill the voice left by the gold out
flow"
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-06-21

. Mr.. May said that In the present dull
ness OF business money is ruling so cheap
here that there Is little incentive TO draw
bills now that would result In trend OF
money this way. Ordinarily bills are
drawn at this time In advance OF the ship
ments OF grain and cotton and other COM
modities later Low priced money ruling
now makes such a proceedinr IN Hnv vol
ume improbable, with the reuslt that one
more means OF influencing the flow OF
money here Is reduced In strength
The outflow OF gold with little or no
prospect Of It's return. said Mr.. May Il "a
proceeding that promises TO be repeated
next year and hereafter " business ana
financial conditions brought about by the
tariff and other Administration measures
continue.
we have made Il easier for European
merchants and bankers at the expense Of
ourselves" said Mr.. May.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-06-21
RAILROAD STOCKS
THE CHICAGO MARKET.

CHICAGO, June 20.--Thc tendency of
values again showed an improvement due
to the better feeling in the New York
market National Carbon common, Swift
q CO. and Sears Roebuck sold at the high
points Of the week. city Connecting pre-
ferred advanced a point from last sale.
Metropolitan Elevated az were easier,
while Union Loop 81 maintained a firm
position. The summary:
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-06-21

FORT Hancock. y, J.--Sealcl proposals H.
duplicate VII be received here until ~ VI
June -, 1914, and then opened for con
struutlns standard gauge railroad. recon.
structing parallel gravel wagon road and
filling trestle Information furnished on
application Envelopes should be indorse
proposals for constructing roads" and I'D
dressed to the ouartermaster.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-06-21

SpIt cottJI a New York was unchanged
~ 1895. southern spot markets were un-
cha. Sed 90 = lower. with New orleans
lS 1916. Galveston 10 lille. Savannah
49,, Houston 1884,, Augusta 1tt and
Memphis 1888,
Tlo New Orleans market was steady
sfter the closing here. Prices there were
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-06-21
MAY Be FORCED OUT
AS BANK DIRECTORS
Members Of Stock Exchange
Firms Worried by Federal
Reserve Law.
SEEK DEFINITE RULING
Financiers Want to Know
Whether or Not They May
Remain on Boards.

Stock Exchange houses whose members
are directors OF national banks are much
disturbed on the approach OF the time for
getting the Federal reserve bank system
into action by that section OF the act
which II Is thousht prevents any national
bank director from having any business
association with his bank
The question is one which has been
bothering the members OF the big private
banking institutions ever since the reserve
act was passed. II has been felt that the
broad wording OF the statute would force
all the members OF private banking firms
holding national bank directorships to re-
sign or else terminate the business rela-
tons OF their Arm with their own banks
The force OF the application OF the law
to Stock Exchange Arms. however, was
not fully realized until last week. when
the question OF what action Ia to be taken
began 70 receive lively attention.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-06-21
West virginia Nearly $4,000, 900.

Petroleum is produced in twenty-three
counties OF West Virginia, from Harrison
county on the east to the western State
line. and from Pennsylvania southwest to
Mlngo county. This State. which 10 the
home OF the anticlinal theory. as devel-
oped by Dr. I, c. White. State Geologist,
possesses ideal structure for the storage
OF oil over so large an area that many
pools have been developed and the drilling
of wells yielding as much as 1000 barrels
a day OF initial production Is still fire.
uuent. Conditions are still favorable In
the State for the development Of new
prolific pools that would bring tho total
yield OF the State beyond the maximum.
In 1912. for example the development Of
the Blue Creek pool in Kanawha county.
increased the total production for that
year 10 l2.l2s,962 barrels.
While no pool equivalent TO the Blue
Creek was developed during the year
drilling was more active than ever before
owing TO the high prices for oil. The
total value increased A67 per cent, or
from sle.s27,7eI in 1912 to s2s,s2s,slS
in 1918.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-06-21

Two or three responsible people With ready
cash may ttRt Immediate advantage OF
wonderful opportuuit! Tor something new
ia the moving picture business. New idea
that the market demands and cannot get.
can show very large prohts on investment
nrst year; unlimited thereafter. Address.
4 q. T. box 1873. sun.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-06-21

Tho Liverpool market was steady. There
vas an irregular business In spot cotton.
With middl!ng II points lower at 7.57d.
Sales, 5000 bales Receipts, 5000 bales I;
sll America.
prs,as ~ 7 g,..,nooJ u.r..
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-06-21
THE PHILADELPHIA MARKET.

PHrApELPHIA. June 2o.-The market
was dull. with trading restricted TO a few
Issues. Lake Superior was steady on
some odd lot buying. The summary:
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-06-21
THE BANK STATEMENT.

The weekly statement Of the Clearing
House Association compares as follows
with the previous weeks figures:
ACTUAL CONDITION
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-06-21
MORE MONEY FROM
EASTERN OIL FIELDS
Appalachian Yield Slightly
Smaller. but Returns
Greater.
VALUED AT S63.OOO,O0O
Output Of Petroleum Comes
From the Wells Of
Five States.
VALUED AT S63,OOO,OOO

WAsurNnroN June %. - During 1918
the Anpalach'an oil field. embracing New
York, Pennsylvania. West Virginia south
eastern Ohio and Kentucky. showed "a
slight decline. l72 per cent. In the pro-
ducton OF petroleum. falling from 2e.-
33s.516 barrels In 1912 to 25.sS5.640 bar
rels In 1913. q decrease OF 4b2.s7e bas-
rels. The value, amounting to ses.e1s.s77
In 1918. was on the contrary. increased
by <s.bs per cent, about the Same pro-
portional increase ss was shown In 1913
over the previouns year The largest
amount. 2,So7.422 barrels. was producSd
In April; the smallest amount. I.ssS.<eo
barrels. In February. Tho average pricp
a barrel increased from $3.50 In 1913
TO sac In 1918. according to the UnitAd
States Geological Survey. =
Increased Activity I'm New YORK.
The increase in the price OF petroleatn
which began at the end OF 1919 had u
desired effect OF stimulating drilling -
tivity in all the Appalachian states IN
New York this took the FORM chiefly Of
cleaning out old wells with an imme-
diate increase IN production. In January,
1913. the product rose from n monthly
total OF 7s.<2i barrels to 1909. Febru-
airy. besides being a short month. always
shows low production because Of severe
weather. but the product In 1918 vas
slightly greater than for the same month
in 1912
The usual course OF production In New
York for several years has been q de-
cline OF about or 8 per cent. 90 that
the change to SCI per cent. increase In
really significant The total value in
creased from sl,4ol.ss0 to s?,i6s.357. or
54.75 per cent, which was phenomenal.
The average price for the year 1912 was
$3.50 and for 1913 II WAS $40 . bar
rel OF forty-two gallona
Cause of Decline.
The conditions In New York were true
also Of Pennsylvania and In this State
also the stimulation by high prices was %
great as TO change a usual decline OF
o. per cent into very slight In
crease, l0l per cent. A total of 1871
1877 barrels was produced IN 1918. against
7,sS7s4s barrels in 1912 The gain IN
total value was very great. The total
value was sls.7i6i4s In 1913 and sl2.-
ss6,152 In 1919, al an average price OF
sac in 1918, compared with sl.64 In
1912.
The oil regions spread over so much
territory In western Pennsylvania. in
Guiding pools scattered from the New
York TO the West Virginia and Ohio
boundaries, that the productive conditions
vary considerably in different pools.
All have long passed their prime, but
they differ in their stages OF exhaustion.
Those In Venango county ind the Brad
ford and other northern pools include the
pools which originated the oil industry III
the United States and international oil
commerce. although Canada's oil produc-
ton began at about the same time and
Rumania also was IA productive country
before the Drake. the first American well.
WAS drilled. The wells in the south
western counties OF Pennsylvania have
been drilled more recently.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-06-21

Interest In oil development In Ohio
was Almost entirely confined TO the east
ern and central parts of the State, where
drilling was mos; active in Belmont.
Hooking. Perry and Fairfield counties.
No considerable pools were developed,
and In spite OF a drilling campaign skill
fully planned and carried out with great
energy by the larger companies the pro-
duction declined from s.s69,0o7 barrels
in 1912 TO s7sl46s barrels In 1913. or
about 2,0g per cent. Both the Lima dis
trict and the southeastern district shared
In the decline. which amounted 10 49,
barrels in the southeast and TO 1855
barrels IN the Lima district. The aver
age price for the two districts increased
fiom 81 30 in 1912 to So In 1913. and tho
value of the States total product in
creased Adj per cent, or from sl2,0S5,-
99s to Sl7.53s.452
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-06-21

The provision OF the law. q part OF SEQ
tion 20. is ss follows:
other than the usual salary, or direo-
tors fee, paid TO any officer. director or
employee OF a member bank and other
than a reasonable fee paid by said bank
to such officer director or employee for ser
vices rendered to such bank. no officer.
director. employee or attorney OF a mem
Der bank shall be a beneficiary OF or re-
ceive directly or indirectly any fee, COM
mission. gif. or other consideration for or
In connection with any transaction or
business OF the bank"
The application OF this provision to stock
exchange firms comes In the fact that In
many cases the firms. some OF whose mem
bers sit on the directorates OF national
banks. are important depositors or Dor
rowers at the banks. In accepting an in
terest rate from a bank on a deposit ac-
count the arm member would indirectly
be receiving consideration from the bank
In the opinion OF the strict construction
lists. II is felt that this may be the in
depreciation Of the Treasury Department
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-06-21

The oil output OF Kentucky is little
over half that OF New York. II comes
chiefly from a considerable number o.
small wells most of them old, In Wayne
county. Within the last few years.
however, drilling efforts have been active
to extend the West Virginia pools over
into Kentucky with only moderate sue
cess In Lawrence county.
Incre Sod prices proved stimulating in
Kentucky also. and the total increased
from 4s4,3 barrels IN 1912 to 524,56S
barrels in 1919, a gain Of SO per cent.
while the total value increased from
{+24,S42 20 sG75,74s. or 1905 per cent.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-06-21

The appended table gives the percent
age OF cash reserves to deposits OF the
more prominent banks and trust COM
panles:
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-06-21

Important changes In cash holdings and
loans OF the banks and trust companies
q faIlnMa.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-06-21
some of the Men Affected.

The members OF private banking firms
who may have TO choose between resign
Ing national bank dlrectorships or with
drawing business from the banks are
J. P. Morgan. who is a director Of the
National City Bank and the National
Bank OF Commerce; II. +. Dawson OF J
P Morgan & Co. a director in the First
National, Liberty National. Chemical
National and the National Bank Of
Commerce; T. w. Lamont OF J r Nor
gan Co, a director OF the First Ma
tional Bank. and William II. Porter Of
J. +. Morgan & Co. a director OF the
Chemical National Bank
Jacob II. Schifr. head OF Kuhn, Loeb q
Co. director of the National City Bank.
james Brown Of Brown Bros. a Co, a
director OF the Bank OF New York n.
Il. A.
William A. Read OF william A. Read &
Co. director OF the Bank OF New York
N. II. A.
James a. Blair OF Blair a Co., director
OF the First National Bank f. l. Marston
OF Blair & Co.. director OF the Mechanics
and Metals Bank.
August Belmont OF August Belmont A
Co. director In the National Park and
Chatham and Phenix National Bank
Pliny Fisk OF Harvey Fisk & Sons, di-
rector of the American Exchange Ma
tionai Bank A A. Tilney OF Harvey Fisk
q Sons. director OF the Chatham and
Phenix National Bank.
All or these firms are Stock Exchange
members
Paul NJ. Warburg OF Kuhn Loeb & Co,
selected as one OF the members OF the
Federal Reserve Board. has told his
friends that as soon as his appointment IS
confirmed he VIII resign all HE director
ships in railroads and industrials
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-06-21
No Ruling In the Matter.

Thus far though the matter has been
directly before the Secretary OF the Treas
ury almost since the passage OF the act.
;here has been no ruling In the matter
Private bankers and stock exchange mem
hers affected are considering early action
to secure a definite announcement on how
the Government will interpret the act
Among the cases OF Stock Ex-
change Arm affected IL that OF Hartman
& Co. ]. W. Hartman. one OF the
partners. is president and director Of the
Hartman Na;ionsl Bank. He lie also
vice-pre sdent and director OF the Mer
chants National Bank 1t ie understood
that Mr.. Hartman will not act In the
matter until there is some definite rul-
ing from Washington.
Edward Shearson OF Shcarson. Hamill
g Co. Is "A director OF the Chatham and
Phenix National Bank. James g Col
gate OF James Il, Colgate Co Is a
director OF the Merchants National Bank.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-06-21

The State Banking Department reports
the condition OF the State banks and trust
companies not reporting TO the Clearing
House:
Loans and investments SO .221 80 Inc. s., 2oS6co
Gold ..................... - SO so Dec li2 a.
Currency and biz notes 1905 30 inc. 10000
TOT ii denosits .-.-... C-r ,yT 100 Inc EiT lG
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-06-21

Sales were 1880 bags.
Provisions closed n!gher for the day.
Prices were:
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-07-09
FSPERRYS WILL SHOW
FLYING GYROSCOPE
Inventor Of Stabilizer That
Won $4,000 Prize i'm France.
Back in Brooklyn.
EXPLAINS SAFETY DEVICE
With 4 Small Gyroscopic De-
vices Aeroplane Flew With
out Hand Control.

Elmer A. Sperry and his son Lawrence
came home yesterday from Paris. happy
over the triumph OF their automatic sta
bilizer. which won the French War De-
partment's prize OF $4,000 francs in n.y.
ing machine safety contest. They arrived
on the Olympic OF the white star Line.
Mr.. Sperry, the elder. the inventor of
the stabilizer. Immediately went TO Brook
Ign. where the plant OF the Sperry Gyro-
scope Company Is situated. Lawrence, the
son. who flew tho machine that won the
prize. went to the Aero Club OF America,
where a reception was held in his honor
and where he talked about his flying with
the stabilizing device.
Lawrence Sperry is only 81 years old
He said that some Frenchmen had taken
custody OF the gyroscope. apparently to
try to steal some of Its ideas.
"Deutre, a competitor of ours in the
safety contest" he said. evidently wanted
to see our apparatus. So he attached tn,
gyroscopic stabilizer just rs 1t was coins
TO be shipped over here. ] got word of i
to-day In cablegram. Deutre got GU
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-07-09
EIGHT HURT In MUTINY
ON BLACKWELL'S ISLAND
Three Keepers Hit When Men
Use Dishes as Weapons:
shots Are Fired.

Three keepers and Ave prisoners were
hurt, shot was fred and much crockery
broken in an outbreak OF prisoners IN
the mess hall at the Blackwelrs Island
Penitentary yesterday afternoon. As a
result six hundred prisoners are subsist-
ing to-day on bread, water and tea In
the seclusion of their cells.
Shortly after 4 o'clock, as the work
house and Randsll's Island gangs, 500
in number. were finishing supper. a prls-
oner named Williams jumped to his feet
In the centre of the hall shouting:
Let EN- have II, boys"
Immediately many men near him threw
their heavy earthenware bowls at the five
keepers in the room. Keeper William
Hayes fell ut the first Are. with a cash
over his right ear. As he fell. he dis
charged his revolver. putting most OF
the prisoners to flight. A few, however
threw their dishes at the stone walls
Warden Patrick Hayes and Headkeeps
McManus, aided by other keepers, soon
had them all in their cells.
Deputy Commissioner of Correction
Burdette @. Lewis said last night tina,
he believed the trouble was caused by a
curtailment of letter writing and visit.
Ing privileges because OF a disturbance
on July 4. when the prisoners shouted
we don't want no men, we want votes
for women
Commissioner Lewis said that beyond
the limited diet and one days confinement
already mentioned, ne would defer fur.
Their punishment until the return of Com.
missioner Davis. and the receipt of a
statement of grievances