davidaulloa/AmericanStories huggingface dataset:
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-08-14
ANOTHER Big FLAT
FOR PARK AVENUE
+. G. Potter and A. l.. MOrdccai
4 Son Lease Railroad Block
From 51St to sd St.
LITTLE NEW TRADING

The New York Central Railroad dis
posed by lease yesterday Of the third Of
It's blockfronts OF Park e just
above the new terminal. to builders who
will erect a large apartment house on
the plot. The plot leased Is the one on
the west side of the avenue between
Fffty-irst and ~Fifty-second streets. II
has a frontage of 200 feet on the venue
and rs feet on each street.
Prominent Park avenue builders are
Interested In the leasing concern. the
$50 Park Avenue Company. the presi-
dent OF which Ia Z. clifford Potter. As
ISOLATED with him in the operation are A.
l.. Mordecai 4 Son. to whom has been
given the general contract for erecting
the building. These same interests are
identified with the Montana apartment
house occupying the blockfront on the
east side Of Park avenue. between
Fifty-second and Fifty-third streets.
~diagonally opposite the new site.
The lease was made with he New
York state Realty and Terminal Com
pany. a subsidiary OF the railroad. War
rem & Wetmore. who prepared the plans
FOR the terminal improvement and who
are designing other apartment houses to
be erected on railroad land. will draw
tne plans TOT ms larest Improvement
The new house will he OF twelve stories
and will contain apartments Of from six
10 ten rooms II three baths. Construc-
ton Is to be started at once. II the
house Is expected TO be completed by
next summer. The lease recorded yes.
terday shows that the builders will pay
a rental OF $40. 900 n year.
Two other leases for biockfronts on
which apartments will be built were
closed only recently between the New
York Central and builders. Harry
Flschel leased the block on the west side
of the avenue, from Fiftieth to Fifty-frst
street. and will improve u with n 500. 900
apartment house, :. Fullerton Weaver
took the block on the west side ~ the
VENUE between Flfty-ffth and Fifty
sixth streets. on which he will erect an
apartment seventeen stories high.
which will cost about $500. 600. Last year
Mr.. Weaver took over the northwest
corner OF Park avenue and Fifty-fourth
street. where he is erecting n house
twelve stories high. costing 5000 600. ST.
Bartholomew Church owns the easterly
blockfront on Park avenue. from Ftftieth
To Ftfty-rrst street. where II new church
will he erected.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-08-14
THE STEEL MARKET.
Mills. Rushed with Orders, Booked
Months Ahead.

Interest still. centres on the steel bar
market. Mills are working with fever
ish haste on present contracts and are
booked months ahead. The demand
SHOWS no signs of letting up. Ammuni-
ton manufacturers have booked new
contracts with the nations at war in
Europe and are making inquiries for
s'eel rounds to MI their orders. New
business calls for delivery in 1916. as
producers are unable TO furnish better
deliveries. II is estimated that the
United States Steel Corporations sales
- bars have totalled about 900. 900 tons.
fcfe.gu demand for wire and other ma
tey-dl has been running heavy.
Th''e has been no material change in
IN" situation as regards buying by the
railroads., Producers report, however.
mat there are growing Indications OF
htter demand from this source. They
ar" confident that before the summer
i over there will be good equipment
buying.
The DGtlU Iron Trade says IAN in
depeu7rU' steel interest in Pittsburg has
JUS bought 10000 tons OF billets for
which il paid as high as s23 delivered,
. portion of them being bessemer, Buff
,alo pig iron makers are selling INTO
hr'' hilf Of next year at s14. Italy
would take up to 100. GOA tons of steel
.t'o's here, but Is unable to obtain them.
C0'r",svllle coke price drops 10 81 so
prompt fuel, but contract market Is
nrnl 10
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-08-14
CONSOLIDATED

The underlying strength OF United
STATE steel common vas ono of the fea-
'tr'- ON the Consolidated stock Ex-
'.Hnge Yesterday. Tho stock rallied
easily when there was weakness else
".oI" IN the list. The action OF Steel
m'.b impressed the trading element.
many ~ whom had been working TO
'"'e about an important recession in
~. market.
.l" market opened down. with sub
social losses in many stocks, affected
o. 4 o action ri the interstate Commerce
''"'n'sslon in ordering IA reduction in
~ a.' rates on anthracite coal amount
". ." about 10 per cent.
tItn there was a recovery. with the
war stocks and industrials leading.
American Locomotive. Goodrich Rub
u" Ind Studehaker were among the par
hlarly strong industrials. Aliis-
= htmcrs was very active and firm
carry l. opened at 20, which was II
POINT above us closing price on Thurs
any, aud sold as high AT iii.. but 1t
'''rwhrd dropped to 40i., closing at
II chang 4 hands to the amount
q Ego shares, Other industrials
".''h had special attention accorded
i'8u lu the market were Westinghouse
I."''Ilc. CrIcible Steel and American
'u or United States Steel common
49, $40 shares sold.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-08-14
DAIRY PRODUCTS MARKET.

BrTTER-The market was devoid or
activity Yesterday as exporters were, NOT
Receipts were free AMI an easy tone pre-:
vailed average quality generally showed
steady packing stock neglected on 20.
count OF poor quality, Prices. Creamery.
49,, ifrs,s. IS TO 81 score :tas5izc:
prime, H:as,,4 a sS5es., sa@mo6 E, 'afT' .oS
90 ??i.c.: lower grades, 2cu Gle; int
tation creamery, trsts x = !? ,9c ladies'
- Nc. lower grades, Is lgc., packing
stock, June make me, :oe' No. ?,iShe"
CiiEfSE Fine quality stock g.. in light
supply for either white or colored. Most
arrivals are dcfoc,ivc and such sell .low
Whole mix. tresh mas white and colorsd.
,g,ci'! H.: .i,G,. SysTsre tanSy lasg
skins. fresh choice, ~ fair 70
'EdGs.The marke, was a little higher
4, st,rd,N ON account OF moderate receipts,
with a good demand for stock showing de-
l n,-s, an, 9Saat shsck. A ,2mi xt "mf tss atT Il
rftcs.. Frr'sh eathored.' %cs'ro,, 2,1 aesc!
sssty@nIs ;'saiSi,c', ~" i. dir'ie., ii,
alic.; hcnnery, whites. nm 70 fancy. SSn.
$50 ]hernery, browns, ?d0aoc.; mixed
live p~ouLTRY-The effort to create =
stronger fowl maFk.i iai"d yesterdsS' -
buyers hold on business was lone AZ
Thursdays quotations, with the movement
SOW Receipts yestcrlar. 10 cars. with
ahou, : on track. Prices; Fowls. be;
b%roi.,r~, l7glec., duoks, jersey. spring,
IT, Use; Long Island. spring, lNa
lNigg. Western, l5C., southern liy,,
~ous'ers. lligc., geese, III l.c.; guinea,
SOC pigeons, goa Csc
DRESSED pOIITRN-Fresh killed
brollers are fairy well marketed for the
hes, grades, with some ~aCCumu'ations ~
IN quality stock existing Fowls were
shaded as 20 prices to clean UP. Old
ROSTERS nrm because Of moderate supply.
Turkeys rarely good enough to bring out.
side prices. spring ducks In good demand
huf offerings are too free for consumption
and the balance IL being stored. Squads
DRAG Frozen chickens In hight demand
Fanny ,arge roasting Nrm. Fowls fairly
active Turkcvs I'm limited demand Prices:
Fresh, fowls, Western, boxed 80 lhs. and
over, lIizr., Western. SDa'd"i large. u =
n l6c.. hroi'er-, "lH-Sc Old BOOSTERS, l2f
dozen, $3.50. = lbs. So. = lns. $50.
Turkeys- Fresh hens AVID toms lt,. Frozen
- Turkcys. lrv picked. selected, 2lN;
Western zoe Texas, l7ai7Hc chickens,
~ 10 box, milk f"', ~ to ~ lbs, &c;
IS ~. ami over, .lI--r, corn fed. IS
to ~ lbs, lac.: ~ lbs. and over, zoe.
Fowls, ~ TO box so no. and over % dozen,
lie 80 TO 50 lbs. iiisc. Old roosters.
l.ml9leC.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-08-14
MONEY AND

The New York Federal Reserve Bank
rates were I per cent. for thirty to
ninety days and B per cent, for longer
bills.
open market discounts, prime accept
an, per cent.
Commercial paper rates We're 3u3i,
per cent. for sixty and ninety DAVIS
bills and for four to six months best
names, 81. m3a. per cent for others.
call money on the floor OF the stock
EXChanSc last week ranged het ween y.
and > per cent,
Time money WAS active. Rates were
per cent. for sixty DAYS. 30 n
"a per cent. for ninety days, "a n 3
per cent, for o VI months. 3u3. Der
cent. for five months and for over the
year,
Sterling exchange was lower. Final
quotat! ons were; Demand, AL cables.
ANA.
Domestic eNchang" on New York ST.
Louis, par, San Francisco, 4Uc. pre-
MUM Minneapolis, soc, premium chi.
cago, Toe. discount Cincinnati. par
Montreal. $3.50 premium,
can money in London was 3D. per
cent short bills, "a three months
bills, Az per cent,
n silver in London, o3d New
York. A.lsc.
New York Clearing House statement
Exchanges, s84l.5l6,7O7: balance, SIS
S3S,o0s Sub-Treasury debt balance.
s747,Sl2
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-08-14
BIG DRUG FIRM IN A LEASE.
Takes over Property Adjoining I'D
emu aud ISL ~. Quarters.

Elmer Il Amend. who own the
seven story building on n Hamilton
Fish leaschnld, at 205 to 2I3 Third ave-
nue. northeast corner Of Eighteenth
street. nave closed negotiations for the
purchase Of a lease covering the pro-
periies OF the T. X Stuyvosant estate
At 2l5 to 223 Third avenue. southeast,
corner Of Nineteenth street. II was re-
ported that Elmer Il Amend. one OF
the largest drug houses in the country.
were TO enlarge their establishment
While this was confirmed by an official
OF the corporation, he said. however.
mat no definite plans had been for,nu-
lated.
The Bret, n Goode COMPANY has
leased with NJ & l.. Hess the seventh
floor In 1903 Fifth avenue. for n term OF
years. to Irving =. stern
William n, B~loodgood 4 90 have
leased the second loft al Il West Thir-
ty-eighth street TO NJ Shilberg store
az "N West .'orty-0fth stree, TO .Joseph
Mamma. and the third loft at % East
For'y-hrst street to Finger and Brot.
man.
Lewis T.. Preston has leased the store
and basement In the Mercer stree, end
OF the buildirg at 49, Broadway. for a
term Of year,, to j. Spauldlng A Sons
company, OF North Rochester, New
Hampshire.
Teddy Thomas Leonard 4 60. have
leased FOR 1--WE years the hall. 5OxlOO.
at 252 West IlGth street to nnIy
Iruepp, gymnasium M physical Gull
ture school.
Peasc 4 Gilman. as agents. have
rented Offices In 7-ll West Fortv-dfth
street TO Carl II kohlhepp and Charles
Erdiich.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-08-14

PUBLIC UTILITIES.

In cutting the quarterly dividend on Its
S6,7l3,l50 common stock from ~ 70 ]
per cent. the American Railways Company
ala not use the Jitney explanation In
announcing the reduction. The falling
on OF earnings In the subsidiary companies
was due almost entirely to depressed
business conditions in the territory served.
For the year ended June 80, 1914. gross
earnings OF the subsidiaries were $5,hG3,-
2s9, Of which but s766,07S came from
sales Of current for light and power. The
American RAILWAYS has changed It's fiscal
year from June 80 to December 81 For
the year ended June 30. 1914. earnings
we're at the rate 81 81 per cent, on the
common stock, while for six months ended
December 81, 1914, earnings were at the
rate Of G.7 per cent, u year on this stock,
In the year ended June 30 II earned only
SO per cent, on the common. although
9 per cent was paid Gross earnings Of
subsidiaries for June showed u reduction
Of about s32, 600, compared with the same
period of last year while the gross earn
ings for the frst six months Of the cur
rent year showed "A decrease OF about
500. 600 In comparison with the same six
months Of the year Of 1914 with this
reported decrease he. directors. felt that
thew were Justified IN their decision 20
. reduction In the common stock dividend.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-08-14
NEW REALTY CORPORATIONS.

The following realty corporations were
chartered A. Albany yesterday
Gilcr!st Realty Corporation. Manhattan;
capital, Sl5O, 600 directors, Joseph p
Grace, Manhasset. l., J., william II Grace,
Old Westbury. l.. l., and j. Louis
Schaefer. New York city,
Tenwell Company, Manhattan; capital
$50, 600: directors, Henry e. Lockwood,
pIainheId. y. j. silas schNerin. Newark,
y, J., and Elmer j. Austin, The Bronx
New York city.
c. & g Construction Company Manhat
tan: capltal, $50. OOO; directors william r.
O'Drady, Vincent A j. oiagliostro and En-
rico Giordsno, New York city.
Land Buyers Security Company. Manhat-
tan; capita, $1,000; directors, A. Martin.
New York city; william A. Martin, phila-
delphia. Pa, and Edmund T Cooks, Rock
away Park, y. Y
Marcuni Realty Corporation. Manhattan
capital, $4,000; directors, Arthur Graef.
New York city; Alexander Rockmore. The
Bronx. and Arthur T, Brown, New York
city.
St. Nicholas Avenue Realty Company.
Manhattan; capital, $1,000; directors.
Katherine II Henry, Anthony F. Koelble
and Henry A, Passholz, New York city,
Miller Investing Company, Brooklyn
ca pital, $1,000; directors. Anna Miller.
Louis Miller and Philip H.. sieEel, Brook
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-08-14
SYNDICATE HELPS
R@EORGANIZE PUMP
Will Make $3.50 Assessment
Stunned by IntcrnatiOnal's
Stockholders.
$3O.00O.O 900 WAR ORDERS

announcement was made yesterday
of the reorganization plan for the In
ternational Steam Pump Company. which
went into the hands of receivers in
August. 1914. TIL plan provides for an
assessment of $3.50 on the holders of
common and preferred stock.
The securities to be created by the
new company will consist Of class A
I per cent. cumulative preferred stock.
redeemable at li5. There will be an
authorized issue OF 3d. 900. 200. OF which
S5,sss,o63 will be issued at once. There
will also be class Il 6 per cent. pre-
ferred, non-cumulative for three years.
and then cumulative, redeemable ut the
option of the company at 1906. The
authorized issue Of this class of stock
will amount TO sll. 1000. 900. OF which
slo,126.s92 will be issued at once. In
addition to this there will be Sl2,923,o 37
common stock issued out of an author
lied issue OF SIS. 900, 900. The holders
of the old preferred stock on the pay
ment Of s12,5o per share assessment
will receive class A : per cent. pre-
ferred stock and "a per cent. of pres
cnt holdings in new common stock. The
holders Of the old COMMON will get II
per cent in new common after the
payment Of the assessment, for which
class A preferred stock will be issued
at par. This will account for about
S6,s'S.s25 OF the new common stock.
The payment Of the assessment will
take care OF about 03,63s. 063 preferred
stock OF class A and the remaining
100000 will be issued at par 10 the
holders OF the Henry r. worthing,on
per cent. preferred stock. The syn
dicate managers retain the right for
six months from issue 20 pay the Worth
ing'on stockholders iO5 ami accrued
dividends for this class OF stock
The Glass b 6 per cent preferred 10 IN
be Issued at par to the holders of the
international Steam Pump bonds for
principal and interest. The holders OF
the bonds will also receive s3.5444l2 in
new common stock. being IS per cent. Of
principal and accrued interest. The syn
d'cate managers will get $1,000, 600 new
common stock In consideration " under
writing the cash requirements OF the
company.
The new company will have among rs
obligations s442.S00 guaranteed nrs,
mortgage bonds Of the Holly Manufac.
turing Company. $1,000 600 first mortgage
3 per cent. bonds OF the Evansville Iron
Works Company and s52s.l04 preferred
stock of the Blake & Knowles Steam
Pump Works
The cash requirements. according to
the plan. are 50. 500. 900 to nav receivers
certificates and other expenses. which
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-08-14
SEEK LAGGARDS NOW
IN TRADES REVIVAL
"Dun's" Says Study Is Whether
Activity Is General-'Brad-
streets" Optimistic.


The weekly trade Journals report bet.
ter conditions.
Dun's says; at is no longer the ques-
ton as to whether business improves,
but rather as 20 what extent the revival
Of activity has become general. In some
directions, notably In building lines, con-
crete evidence of recovery from past de-
preston Is still lacking. but in It's broader
aspects the commercial and industrial
situation reflects decided betterment.
This fact is confirmed by various OF the
statistical ~baroineters, such as figures Of
bank clearings, failures, pig ron produc-
ton and commodity prices. one OF the
few important causes for disappointment
being found In the returns OF railroad
earnings.
Numerous difficulties nave beset the
transporting interests, but obstacles are
gradually surmounted. and while the de-
cision OF the Interstate Commerce Com
mission does not meet expectations, the
granting of some increase in freight
rates is slightly helpful to the Western
roads.
"A reduction OF 1893 in the number
of idle cars during July is also moder-
ately encouraging, but the movement Of
wheat continues much below normal and
there Is considerably more sidetracked
equipment than was the case n year ago
In addition to the crop stimates and the
railroad rate decision, the statement OF
untitled steel tonnage and the large i'm
portation Of gold and securities attracted
general attention.
Brddstrocts SAYS: ENLARGED house
trade, country wide optimism, smarter
activity in metal manufacturing, fur
Their slight improvement In lines that
long have Jagged, heavier buying OF pig
iron AT advanced prices, relatively ex-
cellent crop news, wal orders that over
flow regular channels To plants not here
tofore engaged In hat respect, better
collections, increased calls for money with
which 10 move crops, some. though not
satisfactory, relief in the way Of higher
freight rates for Western railroads, a
heavy influx Of gold to help bolster
weak rates for foreign exchange. which
are at new record low levels. and sus-
tanned public interest I'm the stock mar
ket comprehend the chief features of
the weeks developments,
Besides, warm weather. has helped
retail traders to dispose OF hummer
goods at greatly educed prices. Al
though the general swing In upward, II
Is most manifest in the iron and steel
industry, and incidentally. feeling as TO
the future conditions to outs,ep actual
buying"
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-08-14
LIS I'ENDFNS.
Manhattan

NORFoLK ST W 8 so y Rlvlns,on 81.
;oN,"" Equitable Life Assurance Soc OF
az Abr Goldberg ct al ,forccios ~
mig attys, Alexander n Green
'EN TRIAL PARK WEST. .. 100 p n
e9th -, 700 NNi00-Chas \ Lindsey art
secured Holdings corp ct a. ,for,cios a.
mtg atty, q u Holhert.
lSsD ST, s. 80 II . 9Th av. 2GNga ll-Rose
!. 'Hrel agt HcurIette Dachrach ~ nj
n"reclos Of mtg at,ys Frees & Nc.
d9TH ST, 200 Il e CO rbus ay. 2lx
100 t-Lucy " Shepard Az lin, sham
berg It al toreclos ~ mtgl atty, n
swain
SETH ST IL W--Fannv EllinEor az, Emma
: Schoch ct al oforec.os OF mig atty,
II swain. ""''
eth ST. IS. $50 Z, W 9Th av. leossss
Emlgrant Ind saw Bank ast l%O " 27th
- Corp ct a. tforeclos ~ mtg stty,. n
a Il j O'Gorman -
STEBblNs AN. n p cor 18TH 81. 25xs2 4
'has Cakes, AS trus, art Rosa Nathan .,
81 .forrcios 81 mtg, ATTY. q r he iuc,'
WALES Az, 5lS--Jno Zshn ct al agt Marta
Anna Buel!eshaCh ct al tfo-eclos n,
mtg atty J II Hildreth.
JAl hSpN AN, Ni-I.Iil.s Roberts az,
Jeanne Guest et a. faction to Cnmprl sno
cihc performance OF contracr. atty A
l. GeillCh. ''' -
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-08-14
SATISFIED

with name and address OF lenders at
torney.l
BID AN, e cor l9th ST. ieasehold. NAV
i. iNI---Levi y Hershfeld TO I. y
Hst.hSeid { wcojit. lis BWsy' 100, ZOO;
isx9sii. July 81. lsO7-Jo.ephine Lar.
Kin 20 Eva Davis; atty, 7 g Co. l7e
MORRIS Av. n . cor Mount, Hop. n, g5Os
%. May 8 isln-Jas = Donovan, Jr. to
Robt $ Clark. Cooperstown. Y. Attys.
~Nerfand a. Prince, ltH Bway g.. S22. 900
18TH ST. 40 W ,st7s.e Lenox av. lsx
aGoll May u. isos-Kassel and Dora
simon - sarah Goi1in. AZ W 10th 81;
atty. Rent NJ Levi, 81 William 81 5000
1905, Feb 5. ~isss-Jno T and Marie r
Farley to the Mutual Life Ins CO. 50
7rH ST. $40 z. NOR, on lease. Apr az
l'oI-Jscob Per!man and sno to Maude
Taylor, atty. Seth : Terry. &C Broad
OAKLAND PL, .. 1910 = cro,ona o aw'
26Ni2o, Dec ~, I9os-Msry O'Shaugh.
messy 10 sarah Bernstein, at.y.s De Ia
Mare 8 Morrison. 2ss Bway. 80. ,si.7so
WEBSTER Az. n . cor Anna nj sixg0
oct = lsoe-Frank and BERTHA Sielan 10
julius Heiiermann. 7ss Elton a $4,000
WARREN ST, lis. n . =, 1885 n v Wash
insl7h -. -3Nso, Dec 10. lgi2-Franccs
i irving to. Cruikshank Co atty, y y
7 IN. Go, 1875 BWay. yiONO
SAME PROPERTY. Nov "a. isi.-HeIen 9
ST LuKEs PL LEROY ST.. so . Hudson
-. 2: lSioo. Jan iG. iaI4-ras + and
KAN Nesrey 20 Emisrsnt Indust Sa
Bank; atty. Edw J Mcclure. 81 cham.
't'N SIss'rss s...r. g.. 0n0
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-08-14
AUTO co. LEASES on IIrH AVE.

'hrls Schierloh has leased FOR a term
OF wears the five story building ms,
completed, owned by Mullen Bros. AZ
the southwest corner of Flrty-seventh
street and Eleventh avenue. to the Chev-
rolet Motor Company Of New York.
which viii use II as It's main ofice.
y. j. Waldron has leased for n term
OF five years l07S Bedford avenue. south
west corner OF Greene avenue. Brooklyn.
FOR John Bahienberg estate 10 Paul r.
Telling. Brooklyn md Long Isla nd agent
OF the Mercer Automobile COMPANY. also
for George W. Bnhreuberg a new garage
TO be built AT 204 Clifton place TO Paul
X. Delling for a seLvIce siAiinn-
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-08-14
BUSINESS TROUBLES.

COOPER & POLLAK STRUCTURAL IRON
WORkS--A petition in bankruptcy has
ssen MED r ,ran tGs Cooper & pqi.oS
street. The company made an assign
ment on Thursday The liabilities are
$1,000 and the assets are between $4,000
DAVID L s-HNEER-A petition in bank.
ruptcy has been h.ed against David l..
co, silk iobbers at ios East Ninsteenth
street. He made an assignment IN
JACOBSON & scHoEN-samuel Jacob.
son and Robert Schocn who composed
the firm NJ Jacobson & schoen at 1909
PARK avenue, have h!ed a petition IN
bankruptcy, with liabilities Of S2,ij7
and no assets.
SHEPARD S. SABLE COMPANY. INC.
iobber in children's hats and caps at
?ss Greene street. has made an assign
ment to David w. Kahn II was In.
corpora,ed in May. 1914, and shepard
BESSIE MicHAELs, dealer in furniture
at u" Norfolk street. has made an as
AbsiRsXAHHfAnMl C GoME frsl; * FeShss' Learned
Hand has ordered Abraham Goldstein.
manufacturer OF waterproof compounds
and should he fail 70 do so an attach,
men, shall Issue committing him until
that Goidstein had in his possession or
under his control silS:l5, but Judge
Hand modified TINS to $50, l0g, though
the Judge said he believed Goldstein
was secreting much more. Judge Hand
wrote a long decision In which he said
that In 1874 G0idstcIn's business con-
sisted In getting notes having no relation
whatever 10 any genuine business from
irresponsible makers. indorsing them by
some one or more OF his four irrespon-
siblc companies. as well as personally.
and d"isCountine them frequently at the
most exorhitantly usurlous rates, The
decision sail the money which Goldstein
got he gave in small part ia the makers,
never more than 80 per cent, and the
rest he used in ways which are now the
subject OF inquiry. The total sum of the
unpaid paper outstanding appears to he
between $50, 900 and $50, 600. and TO all
OF Il one or more Of the four companies
was a party. The account charges the
bankrupt with the issuance Of notes ag-
greglting Sl6S,3i0. upon which he re-
their face value. 4 petition in bank
ruptcy was Med against Goldstein on
December :. 1914. and schedules showed
liabilities Of $50, i9s and nominal assets
of SgS.SSs.
Weekly Failure Report,
Bradsfresrs reports 1913 business failures
during the week in the United states,
against ga for the previous week and
9sS. 27s. 22i and us for the corresponding
weeks Of 1874 TO l9ll, The middle states
had IS. New England, 81; southern. q.
Western, 70, Northwestern, 10, and far
Western. ~ Canada had IS, against 30
for the preceding week About 70 per
cent. Of the concerns failing had capital
of less than 5000 and 4 per cent. had
from s., 900 to go, 900 capital,