davidaulloa/AmericanStories huggingface dataset:
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-03-27
COMPANIES TO
TEST RESERVE LAW
Act Called infringement Of
state Rights in Giving Some
Powers to Banks.

The executive committee Of the trust
company section OF the American Bank
ers Association has determined to test
the constitutionality OF the clause in
the Federal reserve act which gives 20
national banks In the reserve system
the power to exercise trust compauy
privileges. How this suit is to he in
stltuted viii be determined al an early
date. II was announced Yesterday in
Trust Companies. a semi-onicil maya
zine published in the interest of trust
companies.
Tn question of legislation by the
states 10 give state banks aud national
banks the RICH to exercise trust COM
pany privileges has aroused q great deal
OF hostility aInOng the trust companies
Several influential state banks have also
taken the position that It would be
unwiSe to add to The functions OF ma
tional and state banks those OF trust
companies.
Tn" question OF State rights has come
very sharply to the front. II is main
tanned by the trust companies that tho
governing of the relations Of financial
institutions 10 private property within
a state IL he privilege of the state
and not a concern of the Federal Gov
Therefore, on tho constitu-
tiona ground Of infringement OF the
sovereign rights OF n state. the clause
of the reserve act. 1t is held. must b..
,ested as TO It's legality In the United
States supreme Court.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-03-27
VILLA LOSES IN SONORA.
American Mines and Railroad In
Hands Of = nsa Forces.

Fit PAso. March 26.-Carranza forces
under Col. Samanieso captured Mocte-
yuma. south OF Nacozari. In Sonora, late
yesterday after q sever fight lasting
forty-eight hours. Then they advanced
and captured Nacozari. the nome OF a
big sinelter and extensive mines OF the
Phelps Dodge Company.
Nacozari IL the terminus OF a railroad
owned by the Phelps Dodge Company
md operated to Douglas. Ariz. Col
Samanfego will march north. II Is said,
with a view to clearing the entire Naco-
zari railroad.
C~arransistas hold the port OF Aqua
Prleta, opposite Douglas. and IL the rail-
road can be cleared they will he In pos
session Of considerable sonora territory.
Matamorss will not be attacked for u
few days. or until villa gets more artil-
lery from Monterey 10 offset that of Gen
NafYarette. who II in command Of the
defences at Matamoras.
Villistas assert that they are q
operating trains between Mexico city
and the northern border. regardless of
activities Of C%arranza raiders
Private aivtces from Vera Cruz say
that Carranza Is receiving large quaint
ties OF arms. and that In the lost month
more than $4,000 recruits have been in.
corporated into his army. A movement In
the direction Of Mexico city from t.sper-
ANA. on the Tampico-Nera Cruz line, Is
contemplated to prevent Zapatista raids
into Puebla and Hidalgu states.
Many German residents OF Monterey
have been forced to subscribe to the
i.0O0. 900 pesos loan recently levied hy
Gen. villa. Amounts ranging from 2,oUc
TO 5000 pesos have so far been paid. tn,
aggregate being about 10000 pesos.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-03-27

lateral calls came In July and Missouri
Pacific and Lehigh Valley were dumped
on the market. Prices became demon
allied. Rock Island sold at 227s. as
compared with 57L Rock Island pre-
fcrred at so. against 20. Wabash, Mis-
souri Pacific and all the other stock Of
the syndicate slumped.
Just then Kuhn, Loeb & Co. stepped
into the breach and Otto Kahn assumed
active charge of the situation. Assocl-
ated with the bankers was Sir Ernest
Cassel. often regarded AS the British
financial adviser at that time. The
transaction was considered "A purely
banking one. brought about to preserve
the equilibrium Of the stock market and
the safety of the banking Institution
with money at stake. The great enter
prise of Pearson and Farquhar had gone
on the rocks.
TIL first important Farquhar enter
prise in South America was ia Brazil.
He organized the Bahia Tramway, Light
and Power Company with a capital OF
$500. 900 and a bond Issue Of the same
amount. His boldest undertaking was
the Port OF Para, destined TO give an
outlet for the great rubber fields. Bonds
were Issued to the extent OF $40. 600. O0O.
Many other enterprises followed thick
and fast. Among these was the Brazil
Railway Company, the Madeira-Msmore
Railway Company, the southern Brazil
Lumber Company. the Para Construc-
ton Company and the C%ruguayan Rail
way Company.
Farquhar bought a famous palace in
Paris and added TO it an art collection
valued at 81 1000. 900. In New York he
purchased a house at 1850 Fifth avenue,
near Ninetieth street.
To-day of his South American ZEN
lures the following are in the hands of
receivers: The Brazil Railway Com
pany, the Madeira -Mamore Railway
Company, the truguayan Railway Com
pany. the Brazil Land and Cattle Pack
ing Company and the Port of Para
Thus more than $4,000, 900 of the
$500, 100000 enterprises have slipped
from the control of ~tarquhar and Pear
son.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-03-27
WHITMAN GARBAGE
VETO STIRS MAYOR
Public Will Have to stand Bar
rem Island OdOrs Now.
He Says.
CONTRACTORS GAMERS

Mayor Mitchell said Yesterday that
Gov. Whitman's veto Of the refuse DIS
position bill would compel the city to
continue the reduction plant on Barren
Island. which he termed n nuisance.
"Gov. Whitman in his veto message
speaks Of economy and expense the
Mayor said. Ills action, insures an
economy OF si.373,0oo for contractors
and an expense of that amount for tax
payers. lie says the meaning OF the
measure was obscure It was as clear
as crystal in its intent to give the
Board OF Estimate full power
Mr.. Mitchell vas asked II he thought
this veto was n %forcrunner OF others
affecting bills sent TO Albany by the
city administration He replied
Il should hate to think 1t was indica-
tive of the Governors action on the
home rule measures.
when time to make up the budget
comes. he went on. and We arc dis
missing unfortunate employees because
the city does not need their services
and to cut expenses and we arc schcm-
ms and pruning to Keep down the tax
rate just let the people remember that
~ mcasure that would have clipped
nearly $l,40O. 600 from the budget was
killed At Albany. The people of Rock
away and Flatbush complain of odors
from the disposal plant at Barren Isl-
and let tho newspapers tell them those
frightful odors are going to stay with
them. They've got to smell them and
they're entitled to know who in rcspon-
sible.
some hbelious intimations have been
made that Commissioner Fptherstpu rs
personally Interested in II patent tn be
employed IN connection with the pro.
posed plant. Commissioner Fether~ton
took out y refuse destructur graz.
patent In 1907. Ugh to the use Of VIII i
ne voluntarily donated to the city ut
New York. assigning the remainder.
without consideration, to the Power
Speciality Company. commissi uuer
Fetherston has not and never has had
any interest in the Power Speciality
Company Furthermore. the particular
patent IN question Ia wholly Impossible
OF adaptation TO the proposed cts plant.
which H. Of. q different type II char
acter from plants for which this paten,
Was designed
The Mayor gave out copies Of AZ
affidavit from Nj. F,thcrstou aHd =
letter from him O., The Power Spee.t.ty
Company IN ,,rroboyl'iop Of the state.
meut that the street Cleaning Couu.S.
slouer has no interest 10 'h. patent ,or
the destructor grl...
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-03-27
SAYS EXCISE TRIALS LAG.
Crusade Leader Charges Delay Ia
Procedure In COurts.

The Law Enforcement Society, with
offices at l6 Court street, brooklyn, un-
der the direction OF 7. De Quincy Tully,
is waging a crusade against violators
of the excise law and for speedy trials
OF alleged offenders.
Mr.. fully said yesterday that the
great difficulty in the way of enforce
ment of the excise law Ia the delay eX-
perienced In the disposal of the cases
by the courts and the laxity Of the po-
lice in obtaining evidence.
He said tina chief Magistrate otto
kempner of brooklyn, now dead, had
greatly facilitated the work OF the so
Getty by having the excise cases
promptly disposed of by the Magistrate
or sent to the Court of Specia! S"s-
sions. where trials were made within a
week.
According to Mr.. Tuily there has been
much delay in Manhattan for the rea
SON that the trials of excise cases had
been transferred to the Court of Gen
eral Sessions. The postponements were
caused mainly, he said, by the efforts
Of lawyers to carry the cases over a
year and thus save the excise certlh-
Gates
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-03-27
ROOSEVELT WON'T TESTIFY.
VIII Not Appear AZ the ship Lobby
Inquiry.

WASHINGTON March 26.-Col Roose.
welt will not appear as a witness before
the Senate committee investigating an
alleged lobby in the ship purchase leg
islatiun.
A telegram was received to-day ny
Senator Walsh. chairman of the con-
m.ttee. from Col. Roosevelt. who asked
to he excused from testifying tomorrow
morning. The Colonel said he had no
Information or the subject of the in
quiry that was not available to the
public.
Later AZ n meeting OF two members
OF the committee, the chairman and
senator Sutherland, 1t WAS decided TO
excuse Col. Roosevelt, and he was so ad-
vised. The committee wanted to ques-
tion Mr.. Roosevelt because of ugges
tons In art cles written by him that
the proposed legislation was for tho
benefit OF foreign ship owners.
The committee has subppnaed sidney
T. Morse. secretary OF the conference OF
transatlantic carriers. 10 appear Tues
day.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-03-27
ADD TO STOCK TO BE CLEARED.
ExchanGe Puts General Motors ana
Others on List.

The committee on Clearing House d.
ieoted that the following stocks be added
10 the list Of stocks to be cleared be-
ginning with contracts due Tuesday
next General Motors common and
preferred voting trust certificates,
MAN Copper, r. W, Woolworth COM
MOI, and Montana Power Common.
The committee on stock list Of the
Now York Stock Exchange struck from
tn list the Central Trust Company
certificates Of deposit for the Chicago.
Rock Island n Pacific Railroad col
lateral trust 4 per cent. bonds of 2002.
This action was taken pursuant to the
notice OF the b%ondholders' protective
committee TO the holders OF the certif.
cutes that tho certificates must he sur
rendered IN negotiable form not later
,han March %, 1873, receiving in eX-
change certificates of stock of ia. chi
cago, Rock Island and Pacific Rail.
way Company. Failure to max. such
deposit forfeited all rights of the holder
under tho plan and agreement Of octo-
Der !, 1914,
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-03-27
FORTUNE TRICKS
FARQUHAR AGAIN
Collapse Of Port Of Para Ends
Another Dream Of
Millions.
: FAILED IN RAILWAY PLAN

with Yesterdays ~unce that
the Port Of Para had been placed IN
the hands Of receivers Wall street
mentally registered the collapse OF
another OF the schemes of rercival
Farduhar. former Tammany Assembly
man. soldier of fortune. market operator,
railroad man and promoter. or all the
ANGUS characters who have made Wall
street the talk of this country and OF
the world there are few who have had
this man. nov but about SO years OF
age. who with his associate. Dr. +. s.
Pearson. was the dominating power n
South American enterprises capitalized
at more than $500. 900 and who in his
scheme for a great transcontinental rail-
way In 1910 successfully combated some
OF the most powerful railroad men OF the
country.
wall street has good cause TO re-
member Mr. ~Farquhar. 4 for nothing
else than for that eventful day In July,
1910. when the Pearson-Farquhar syndi-
cate for transcontinental railroad control
in TINS country collapsed and a great
financial smash was narrowly averted.
His dream Of a transcontinental rail-
road in the United states ended. Far
duhar turned to South America, where
he had already made 4 beginning, and
while all went we'll he built up IN that
continent a network of railroads, navi-
CATION companies, development com
panies. public utilities. lumber companies
and other enterprises English and
French investors became heavily inter
cs;ed in hts schemes and their prospects
were rated high, until slowly. one by
one. political conditions In South
America. in Europe and In this country
began to undermine their foundations
To-day thu door to the entrance Of the
syudioatr's Offices ut rs Broad street
shows that AT least il"e Z the numerous
concerns are In the hands Of receivers.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-03-27
CITY WOULD LICENSE AUTOS.
complete Control Urged In nil
BRcked ny

ALBANY, March 2G-nwipht Braman
Of New York city. president OF the La
and order League, came 20 Albany to-
day with an amendment To the autOmo-
bile 'aw providing for the licensing
Of motor vehicles. except motorcycles. by
the first class cities, New York. Buff
iaio u Rochester. All license funds
are ~ go 70 the State.
The measure was introduced by SEN
ator ieorg" Cromwell of Richmond and
AHsemblyman Rice. II Is designed u
give New York more complete contrO
over automobile traffic. The bill was
drawn at the suggestion of Mayor
Mitchell, Corporation Cour sci Polk and
Police Commissioner Woods.
Licenses issued IN first class cities
are to he good anywhere in the state
and state licenses are n he good In the
Nrst class cities,
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-03-27
PATSTASAGREE TO PAY
FOR McMANUS MURDER
Bryan Will Not Ask for Apology for Dissertation of the
United States Flag in Mexico City
Tampico Fight Near.

normal. boats unloading and preparing
to load with sisal fibre for the United
States officials appear confident that
with the battleship Georgia. the cruiser
Des Moine and the collier Brutus at
anchor In Progreso harbor no difficulty
will he experienced in loading the i9u.-
900 bales uf siaal 40 a%nxiously awaited
by American manufacturers OF binding
Irvine.
Advices from the west coast Of Mex
leo received via naval wireless state
that the Governor Of Sonora has efuse
to give his approval to the imposition Of
q forced loan on the merchants of Quay
mas. According to reports there are in
dications OF a villa success between
Guadalajara and ColimB.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-03-27
Found ammany Too slow.

rorcival Farquhar was born IN York.
Pa. In 1863 and Is a graduate of Yale
college. He is n member OF the bar
Tlmmauy sent him TO the Assembly
from the Third district when hs was a
young man. but ~rolit!cs proved too quiet
for him and he became associated with
Or. Pearson. Who L. related to or in
some way connected with Lord Cowdray.
Then began the dream Of q great trans
continental railroad system to reach
from one coast Of this country TO the
other.
Their frs, step In tho t-ranscontnen-
tai plan vas 20 invest heavily in Rock
Island. winch WIS to form "A part Of
their chain Of roads Thu other prop
critics ON which they t>ed their aspir1-
tons wer" the Lch,gh VALLEY. the Wa
bash. the Missouri Pacific. the Denver
and Rio Grlndc and tho Western Pacific.
VI 1887, miles OF track and a cap
if~ali2Httou uf tiSi.0 0u. ono. Judge ".
II. Moore and u q Reid. the men who
then controlled the Rock Island. seemed
willing 20 sell TO them and early ia
1910 both Pearson and Popular were
elected directors Of the Rock Island
company. They then turned 10 Lehigh
Valley and on their recommendation
their Canadian and English supporters
became heavily Interested. Lehigh Val
los SCARED. The syndicate and it, fol
loving then turned from one railroad
property to another until 10 H. estimated
that the Investments totalled more than
So 0u0. 900.
With 1910, however. there came a
turn IA the market Complicated legal
and political problems made investors
hesitate Tie Synd'cate's holdings had
been pledged for oars In New York
and London ard these securities declined
untl tho banks began calling for add,
ti"ual ooll,eral. tn" syndicate. in
spite Of the bad market, hsg,,u TO liaui-
date a part of it, holdings. More col.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-03-27
sandy Hook Boats Ia R-.um"
May 81.

Commodore n l.. Joyce of the New
J"rs Y Central Railroad announced last
night that drastic measures iu tn" SEA
mems bill affecting bay passenger craft
having hetN eliminated the boats OF
the sandy Ilooh ruut" vii run on
the regular schedule from May - :,
September %. inclusive
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-03-27
WonId Use I.OOO,OOO for JobIess

ALBANY. March Ex-senator James ].
Walker, Democrat, Of New York; in
troduced "A bin to-day authorizing the
New York city Board OF Estimate and
Apportionment to include in the budget
not to exceed 1900, 600 for the use OF
the executive committee On uncmploy-
ment. The money appropriated for this
yea is to be raised by the issue and
sale OF revenue bonds. the bill provides,
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-03-27

suit brought by the stamford T~us.
Company ~ stamford. Conn. gain.
Daniel Doody of the old cor,a.,,
firm of Hobby n poodv The tu
company sued a. execute. OF he =,
tate Of Alfred Hoyt.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-03-27
Interest Exceeds Principal.

\ judgement in which the interest Is
greater than the principal, exceeding q
by more than $4,000, was returncd by
q jury before supreme Court Justice
Garrctsou I've Brooklyn yesterday in \
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-03-27
VERA CRUZ CELEBRATES.
second Anniversary Of signing Of
Plan 81 Guadalupe.

VERA CRrz. March 26.-This city ce'e-
brattd to-day the second anniversary II
the signing of the Plan of Guadalupe
by Provisional President Carranza aud
his associates.
\ military parade was one Of the fel-
lures,
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-03-27
stsal Crops Not Burned.

C~arranzistas deny that Yucatan sisal
fields have been burned. The First Chief
has ~repudiated the Yucatan money is
sued by ex-Gov. Avila and increased the
tax OH sisal from one to three cents per
kilo. Carranza has announced that in
Yucatan the planters have been invited
10 return to their homes and the laborers
to the fields.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-03-27
n EASTBOURNE

Pacific Ave and Park Pl. ocean view en-
lArged and made new; elevator. private
baths. etc, sprciHl rarly rates
GARWoDD a. JOHNSON
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-03-27
HOTEL NEW

South Carolina ave, and beach, Private
baths, running water in rooms. elevator to
street level, sun parlor. CRpaCity $50 Special
rates Booklet BRYAN a WILLIAMS.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-03-27

WAsHiNuroN. March 26.-Reparation
for the death Of John y. McManus. the
American who was murdered by Zapa-
tistas In Mexico city u few weeks ago
will be made OH "A basis satisfactory TO
the United States and to the family OF
the deceased, according to an announce
ment made to-day by Secretary Bryan.
Mr.. Bryan said that he hoped to he
able within a few days to make public
the amour OF the indemnity that would
be paid to Mrs. McManus by those now
in control of Mexico city.
In pursuance OF the policy of follow
ing the line Of least resistance the Gov
ernmen will not calf for any definite
PREPARATION for the affront to the Amer
lean flag in connection with the murder
OF McManus. Despite tho fact that the
flag was decorated and the seal Of the
Brazilian Legation also violated II is the
intention OF the Secretary ~ State to
accept money indemnity for the murder
without calling for any specific apology
or explanation for the afront TO the
colors.
With the payment Of indemnity the
Government will regard the McManus
Incident AZ cosed., taking Il for granted
that the murderers will be punished II
unprecedented.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-03-27
NEW JEKsEN-AsbuTy Psrk.
sPInD lhsrtR AT AsBuRy PARr

SPtND EhSTtR AT NSBURY PhRk,
The Town Without a trONu sXCclien;
hotel Communications continuous ontcr.
tainment boardwalk Casino Easter woek,
Arthur PRYOR Easter sunday, tor circular
address city Information Bureau. sos
Boardwalk.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-03-27
HOTEL

81 Charles place and Beach. The popular
section, within sight and sound OF the
ocean 200 large, sunny rooms, AL op'u eN-
posure. private baths, running wac In
rooms, sun parlor, elevator, 81, Cuislnt
and service best ob'ainab,e Sp,cla carly
season rates. Rocket. II J DNNFS
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-03-27
HOTEL LELANDE

Massachusetts ave. directly on the beach. clcv,
private baths. reasonable rates. Walter $. Hawk.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-03-27
Slayers Not Caught.

So far as can be learned the men re-
sponsibe for the death OF McManus have
not been taken into custody. Gen. pals-
fox. Minister OF Foreign Affairs. has
given assurances. II is understood. that
McManus was attacked for revenge and
that the murder was not i~nstigated or
c~ountenanced by responsible officers.
Reports received here Indicate that
Gen. Obregon and Gen. villa with COM
paratlvely large forces at their backs
are about to clash at Monterey. En-
gagements are also expected Mt Mata-
moras. where Carranzistas are strongly
intrenched awaiting a Villa army.
Conflicting reports are reaching Wash
ington relative to the situation AZ Tam
plco. Both sides are claiming victories
In the preliminary sbirmishing. Each
side Ia rushing reenforcements. indicat-
ing the importance that is attached to
the OUTCOME of this particular battle.
This Government a~nxiously awaits
advices from Tampico owing TO the fact
that there are many foreigners there,
among them about $500 Americans
whose safety may be meniced following
the prospective engagement
A message from Admiral Capertor
states that things are quiet at Progreso
and Vera Cruz.
Elko independent. [volume] (Elko, Nev.) 1915-current, 1915-07-23
W|GWAM TONIGHT

The program for tonight at the
Wiswam is as follows: Two excel
lent comedies, the Pathe News which
Is very interesting, and the ever popu-
lar Diamond from the Sky. This is
the eighth episode and like all the
rest OF the proceeding pictures it
holds the audience spellbound from
the time it starts until the last scene
of the two reels Is finished. The
Pathe News is extremely interesting
this week having scenes from the at
tack on J. p. Morgan's life, also the
Liberty Bell starting on it's trip to
the Fair. And last but not least, the
Fashions for the ladies direct from
Fifth Avenue, New York. The two
comedies are "To Much Bull" and
They Nearly Get The Money"
Mrs. McElory, nee Gladys Hunter,
will play violin at the Wigwam dur.
ing Mr.. Hale's absence in Salt Lake.
adv