davidaulloa/AmericanStories huggingface dataset:
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-12-11
SOUNDS CALL
FOR MEN AND CASH
Gov. Ferguson Tells Insurance
Chiefs Of Possibilities in
His state.
. WARNING TO NATION

Tho relation Of life insurance COM
panies to the farm and its numerous
problems was discussed yesterday at
the concluding session OF the ninth An
nual meeting Of the Association OF Life
insurance Presidents at the Hote, Astor.
In the morning addresses were made by
senator James W. Wadsworth, Jr., Gov.
James Il. Ferguson Of Texas. DIR. Cyril
q. Hopkins and Burton Mansfield. presi-
dent Of the national convention OF In
surance commissioners. The afternoon
session was taken UP with a discussion
of the loan values Of farms and kindred
topics by the presidents. a%ctuaries and
high officials Of insurance companies
from an sections Of he country.
Gov. Ferguson in his address called
attention to the need of Texas for both
men and capital to develop its 100000
600 acres Of untitled land n deplored
the fact that $1,000. 900 900. which he
said WAS needed at home, had been lent
to European Powers.
I'VE have been almost startlingly
alarmed at that school of political economy
IN tnlS nation which stdIuS LOT tue pubiic
ownership of all property and the with
holding of private ownership of any"
said Gov. Ferguson. Let me emphasize
my allegiance to the doctrine Of private
property. Assuredly as there IL "A God
In heaven we are silently approaching
one of the greatest crises In our history.
We are beset by influences and are face
to face with conditions that may
threaten us from afar and at home. We
must protect ourselves from those who
might attack US from without. but We
must save ourselves from those who
might destroy us from within. The first
may be accomplished by the sword. but
the second can only be accomplished by
the plouRhshare.'
Zone of he most important elements
In the entire problem Of democracy"
Senator Wadsworth said, "is the per-
petuation of the agricultural population.
which In a very true sense must serve
as this country of ours proceeds along
its path OF political development AS a
great, answering balance wheel whose
function shall be TO keep straight and
true the vision of all the people"
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-12-11
STEEL MERGER ADVANCING.
Progrcss Toward Union Of Cam
bria and Lackawanna Reported.

Wall Street heard new rumors yester-
day about the negotiations for the merg-
ing Of steel companies. 1t was reported
tina the efforts to unite the Lackawanna
and Cambria Steel companies and GER
tain other Independent steel concerns
were advancing.
J. l.. Replogle, president OF the Ameri-
can Vanadium Company and the pur-
chaser of a large block of the Cambria
Steel Company stock. was here for a
few hours yesterday. having made a
hurried trip froW Philadelphia. During
practically all the time that he was
in the city Mr.. Replogle was in confer
epce with his associates. He left for
Philadelphia yesterday afternoon at 4
o'clock.
At the National City Bank it was adj
mitted that there had been a conference
regarding steel mergers. 1t was not
attended by Mr.. Nanderlip. who Is men,
toned as the man who will probably
head n syndicate which will probably
finance the merger. Officers OF the bank
when questioned as To why IA steel mer-
ger would be desirable at this time
pointed out hat 1t would result in Il
large corporation with greatly diversified
interests instead of several small on
Germs. each concentrating its efforts in
q limited field. II was also said that
while any one OF the steel concerns
might have an excellent quality of
certain ore the amalgamation of that
orc with that of other steel companies
might result In "A much better quality
OF steel, with Il considerably reduced
production price, II Is known also that
certain Of the concerns with good earn
ing power In times when the demand for
sreel IL great are unable to pay dividends
IN lean years. The proposed merger,
It is understood, is to bring about more
stable earnings under all conditions.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-12-11
FOR CANAL FROM N. Y. TO GULF.
Cores Rcsolutton Adopted by the
senate.

WAsHINCToN, Dec. 10.-The Senate
adopted to-day "A resolution introduced
b. senator Gore calling OF the War De-
nartment for "A report on the feasibility
Sud cost of construction Of a deep water
say from New York harbor by way OF
the Great Lakes to the Gulf Of Mexico.
The route indicated by Senator Gore
Gov the proposed canal IL from New
Hori; haroov up the Hudson. through the
ha,c Canal, via the Great Lakes and the
Illinois and Mlch'r'" Canal, Hennepin
Canal, illinois RINo 'ud the Mississippi
81 the Gulf The waterway Is to be en-
ended ny the Mississippi to st. Paul.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-12-11
NO RECORD KEPT
OF GIFT FOR 7. R.
New Haven Contribution to
Campaign Fund Didn't APP
pear in Annual Statement.
PROSECUTION Is CURBED

Judge Hunt In the United States Dis
trict Court yesterday limited an attempt
of the Government 10 show the legislative
activities of the New Haven authorities.
The attempt was made In order to offset
the testimony given by Charles 8. Mel
len on cross-examination that all acts
OF the directors o on trial or accused
as ConspiratOrs were ~legalized by State
Legislatures or commissions.
X. l.. Bats. special Assistant Attorney
General. succeeded In introducing a let
ter written by Vice-PreSident Timothy
f.. Byrnes In 1909 saying that ne had
been In consultation with Gov. Draper
and Acknowledgement Malone about the
Boston Railroad Holding Company bill
and submitting a draft OF 1t with some
points on the forthcoming special meg
Mr.. Mellen said hat he had re-
ceived the letter and also another one
speaking of the employment Of a Arm
Of lawyers n the cooperation Of MIR.
Winsor OF kidder. Peabody 4 Co.
Further than that the court would not
permit the Government to 20 and Mr..
Bats. continuing his redirect examina-
ton. got from the witness the opinion
that much of the troubles OF the New
Haven. the Investigations and legal
actions. had been inspired originally by
rival financial interests"
Every one in he court awakened then.
for such n thing has not been suggested
before. Mr.. Mellen said, however. that
he could only hearsay testimony o.
this point and the line of questioning
was dropped.
Mr.. Bats wanted TO know IL the New
stockholders knew Of the contri-
button to the Roosevelt campaign OF
1904. The witness sale that the con
tribution had never appeared In any an
nual statement. but that n stakeholder
had been turned loose on the books and
had found nothing to protest.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-12-11
DEMAND IN NEW TRADE
RUSH EXCEEDS SUPPLY
Weekly Reviews Of Conditions
Show Great Holiday
Business.

The trade reviews for the week report
demand far In excess OF the supply IN
many lines. Export trade continues
heavy and domestic buying for the holi-
day season shows an increase, due to
the employment OF thousands of men
who were idle at this time last year.
Dun's says: There is no longer COM
plant of deferred buying but of DIM
Guilty in meeting the steadily expanding
requirements. Consumptive demand eX-
ceeds supply in some lines and distribute
ing channels are INSTRUCTED by the con-
gestion OF freight. rail and oversee ship
ping facilities still being inadequate to
cope with the rush Of traffic. This tends
to act as "A brake on commercial prog
ress. yet the forward movement has not
pcrceptibly slackened. either In domestic
or foreign commerce.
n development of Christmas business
fulfls the most optimistic expectations
Bradstrcef's says: IAN reports agree
that movements are smarter than they
have been at this season for three years
past and in some aspects the situation
excels the flush times of December. 1905
Activity covers IA multiplicity of lines
some OF the leading industries, strained
as they are. cannot increase production
TO the level of demand. and whereas
This season OF the year usually finds
wholesale trade quiet, with inventories
either under way or In preparation. pres
eut currents are such that seasonal dull
ness IL conspicuous by It's absence. ami
nation. but slightly modified by the ap'
proach OF the years end, being the key
note in the quarter just mentioned.
"~Recognition of the fact that there II
a paucity OF supplies makes many pur'
| veyors anxious to cover future require
, ments, to get protection both az to sup
plies and prices. Indeed. so many back
! logs In the form Of filled order book
have been rolled up In the leading lines
OF production hat sellers are refusing
to accept further prompt deliver,
orders"
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-12-11
N. Y. CENTRAL LOSES
MOVE IN TRUST SUIT
Must Show Cause Why 1t
Should Not Divorce the
Michigan Central.
FOUGHT CASE TWO YEARS

DETROIT, Dec. ~1c.--Judge Tuttic Of the
Federal our handed down a decision
here to-day ~ n demurrer which may
decide one Of the most important rail-
road cases tried in the United States
courts In a long while and one that has
opinion probably will not he hled for
three months.
The Continental Securities Company.
a New Jersey corporation. holding 100
shares Of Michigan Central stock.
brought suit against the New York Cen
trail railroad. which owns 90 per cent.
Of the Michigan Central. charging that
II was diverting traffic from that road
to the Lake Shore. a subsidiary owned
entirely by tho New York Central.
The Michigan Central n Lake Shore
lines compete. and the Securities com.
pany claims that thisd diversion Of traffic
works an injustice to tho minority stock
holders. violates the constitutions n
laws of every State through which the
roads run and is in direct contravention
to the Sherman antitrust law.
1t is alleged further that transfer
Of the Michigan Central stock to the
New York Central was illegal and that
the stock of the subsidiary has been
~fraudulently manipulated by the con-
trolling o u for sixteen years.
The Securities company asks that the
New York Central Immediately sever
all connection with the Michigan Cen
trail and surrender all Of its stock with
the provision that the stock shall not
have voting power until the case is
settled. The company also demands
that the alleged diversion Of freight and
passenger trafic. suppression Of COM
, petition and restraint OF trade be sum-
marily ended.
The New York Central has attempted
in many briefs and motions to have the
case dismissed on technical issues.
The decision Of Judge Tuttle Is that
the suit cannot be dismissed and that
the New York Central must show why
1t should not be compelled to release its
Michigan Central holdings. why It d.
verified traffic. and why II sfpuld not
face the courts for restraint of trade.
violation of the Sherman Law and of
the constitutions Of those States through
which The roads run.
The New York Centrals purchase of
the $4,000. 900 Michigan Central bond
issue. at an estimated cost Of $llO,-
O00. 900. is alleged to be illegal. and the
Securities company asks that thist trans
fer Of holdings be set aside.
Albert H. Harris. general counsel for
the New York Central said last night
that the case was one Of a series brough,
by c. H. Venper against the road.
At the time Mr.. Nenne fled his ac-
ton in the Michigan courts the New
York Central made a motion to dis
miss the case without filing a brief
The court took some time to consider
the motion and yesterday refused to sc
do, giving the railroad twenty days II
which to hle its answer. he said. Mr.
Harris added that the road had not ever
begun work on Its argument.
II was aid that Mr.. Venner ha
brought suit under almost every viola
ton of the law which he could bring
to bear. Special stress was laid OF
alleged violations of the Sherman law.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-12-11
NEW HAVEN ASKS CLEAN SLATE
Wants 70 HOLD Five Leased Roads
and q Steamship Line.

BosroN. Dec. 10.-"A clean slate with
reference to past actions was requested
by the New Haven railroad at the Pub
lie Service Commission hearing to-day.
The road asked the commission to
recommend to the Legislature the vail
dalton and sanction Of 'any acts which
have heretofore been done by the New
Haven and have not been seriously aues-
toned so far as their results e on
public interest"
The New Haven desires to hold the
Nantucket Steamboat Company. the Sc
curities OF its leased lines now in its
possession n a valuation of holdings
In the Central New England. the West
chester. New York Connecting. the Rut-
land and he Ontario and Western roads.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-12-11

Since December | some additional
heavy contracts have been booked by
the corporation for both domestic and
foreign shipment. Among the important
developments was the resumption of for
eign inquiries In overwhelming measure.
II Is estimated that fully a million tons
are now pending for export only.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-12-11
Yonkers Hearing Postponed.

The hearing before Commissioners
william T. Emmet and James q. Carr
of the Public Service Commission for
the Second District on the complaint of
the Chamber OF Commerce of Yonkers
and Mayor James T. Lennon against the
Yonkers Electric Light and Power Com
pany was adjourned yesterday until De-
cember 20. No testimony was taken.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-12-11
Girls to Vote On strike.

Ballots for the genera, strike Of $4,000
millinery girls decided upon by the joint
board Of Locals Nos. "a and ~ OF Mil
linery Workers and Straw Hat Sewers
were ordered printed yesterday. the
strike plan having been put to a refer
endum.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-12-11

Proposals for Materials: Ofhce Of Depot
Quartcrmaster, Philadelphia, Pa. Sealed
proposals viii he received here until l1,OO
O'Clock A, NJ, January ., 1915, Cor furnish
Ing and delivering nj this Depot; cloth.
cotton, u, u; Denim, blue, Duck. khaki;
Flannel, shirting, and Melton, olive drab.
Information on application.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-12-11
statement Called M~isleadinG.

Under COMPARISONS which show the
amount of business done II Is plain that
the statement OF the Comptroller, so far
as it relates TO national banks In gem
cral. is misleading. 1t Is within the
range OF possibility that the 2.143 ma
tionaI banks in ~forty-two States, cover
ing 80 per cent. OF the total area OF the
United States. as mentioned by the
Comptroller. do less banking business
than the National City Bank alone. II
Is possible that they do as little as a
fraction OF | per cent. OF the total busi-
ness done by national banks in the whole
country and have a capital that bears
about the same relation TO the capital
OF all of the national banks.
Until the Comptroller has reduced his
statement to some form which will show
the relative position of the offending
banks in the banking world he will be
doing an injustice to the great majority
of national banks which never violate
the laws against usury or propriety and
usually lend none at rates of interest
far below those forbidden by the statutes.
The Comptroller makes the matter Of
excessive interest rates geographically
large by adding to his total the areas
OF every state which has an offending
bank. Virginia as n whole Is included
because there are Ave offending banks
In that state. He treats other States in
| the same manner. The chief offenders.
according 10 his compilations. are In the
| Southern and Southwestern States. where
agriculture is the great enterprise and
where the risk hat attaches Is very
large. II Is impossible to defend the
rates charged in many of the cases he
cites under any circumstances. but his
own figures show the justice of the con-
tention OF the national bank section that
the practice is not general and Is con-
fned TO particular sections"
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-12-11

Following table gives the untitled tom
mage Of the United States Steel Corpora
ton at the close OF each quarter from
Tune 20. 1907 IN date.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-12-11
WILLIAMS CALLED
UNFAIR TO BANKS
COmptrOller's Attack on Usu-
riOus Charges Branded as
Misleading.
PART ONLY OFFENDING

As Comptroller Of the Currency John
SHELTON Williams repeated his assertion
that national banks charged usurious
rates Of interest after he had bern asked
TO modify and correct his statement py
the executive committee Of the national
hank section OF the American Bankers
Association. the December issue OF the
journal of the association says:
The 2,743 national banks In forty-two
States mentioned BY the Comptroller
comprise approximately one-third OF all
the national banks. and 1,022 In twenty
five states comprise approximately one-
seventh OF all the national banks
Numerically speaking. therefore. the
COMPTROLLER fastens on one-third or one
seventh of national banks the charge OF
collecting excessive interest rates. But
consideration OF the question numerically
is likely to be misleading. IL II Is the
Comptroiier's intention TO make the AL
legation general he will have to consider
banks according to capital and the
amount of money Oaned
Nine Guilty In states %7s.
"1n New York State there are nine
guilty national banks out OF 47s. II Is
a fair assumption that the nine offending
banks are small institutions which have
! "A small part Of the 1856, 600. 600 OF capt.
| tai and "A still smaller proportion OF the
$3.50. 900, 900 OF loans and discounts. In
Massachusetts there are three onending
| banks out of 10 and In Virginia there
| are Ave out OF 1876.
I'm Georgia sixty-six banks out OF 113
are offenders, according to the Comp
troiler. The capital stock o! all the ma
tional banks In Georgia Is only three
quarters of the capital stock OF the Con-
! iinental and Commercial National Bank
| Of Chicago and the loans and discounts
OF all the national banks in Georgia
| (s62, 900, 0OO) are approximately equal to
| the loans and discounts Of the Irving Ma
tional Bank of New York. or the ninety
two national banks in Alabama ffty-two
| are in the Comptroller's list as charging
excessive interest rates. The capital
stock of these ninety-two banks is APP
proximately $40. 200. 200, or Identical with
that Of the First National Bank OF New
York. Their loans and discounts are
approximately one-half Of those OF the
American Exchange National Bank OF
New York.
I'm Texas there are les national banks
classed as offenders by the Comptroller
There are 537 national banks In Texas
with a capital stock of approximately
$50. 200. 900. which Is equal to that OF
the National City Bank and the National
Bank II Commerce In New York COM
bined. but their total loans are less thar
those OF the latter bank alone.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-12-11
ATLANTIC CITY. n. ,.
Famous All-Year Resort
u

PROPOSALS FOR DYNAMITE. Sealed
proposals VII he received Mt the office of
the General Purt Easing OFFICER. Tho Pan.
ANA Canal, Washington. ID. G.. until l2O
y. M, and at the onic. Of the Assistant
Purchasing Agent, Tho Panama Canal,
Fort Mason, san Francisco, cal, not later
than 1880 O'Clock a, m, December Is,
1918, at which time they Will be opened i'm
public for furnishing the above mentiuuei
dynamite Rianka and general Information
to this Circular t\o. aS7p may he
obtained from this office or the offices Of
the Assistant Purchasing Agents. "a state
Street, New York Guy, GA Whitney-Ccr
trail Building. New Orleans. it ANA Fort
Mason, SAN Francisco, CAL also from the
l., =, Engineers Offices In the folloWlu.
cities: Philadelphia, Pa; Bostur, Mass ,
Chicago, H., aud ST. Louis, Mo. y. g.
Boggs, Major, Corps Of Engineers. L, :. A,
General Purchasing OmiCrr.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-12-11

ADJUSTMENTS
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-12-11

OPERA Choice Seats for All Operas.
TICKETS JACOBS TICKET OFFiCE.
Ass Greeley. Normandie Hotel. B'way. 3sth a.,
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-12-11

ADITACRApA a st. B'way. ltoli
Continuous =. NJ.
lSc, 25cl Frank Mr.. h Mrs. Sidney Drew
DOC. lDantelsl Maurice Costello.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-12-11

oHEAMshlP TICKET to aay essS
Omcial Agent 81! line.
Raynond 4 Whitc0mb Co.. s3S 6th Az. NJ
GO TO BERMUDA BY IS S BERMCDIAS
Booklets Quebec :. 5. Co.. Ltd. 3 Bw1y. Ny
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-12-11

GEO. NnuANSG Theatre. B'way. 43 st.
nj. 0VUUW = COntin. II A. Nj. to II PM.
FIGHTING FOR FRANCE P pi.!TUkEs
Symphony Orch. OF 40. Seats 25 a soc.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-12-11

l6AVWU ON JULIAN EITlNGE
Mat. To-day 25 4 SOC. In "COUSIN LUCY"
The Carlisle independent., 1915-06-10

moved on two-wheeled carts driven. and ofttimes drawn, by slaves; while her artists were painting divine dreams on canvas, the streets of proud Athens were lighted by fire brands dipped in tallow.
 The genius of past ages sought to arouse the intellect and stir the soul but the master minds of today are seeking to serve. Civilization has as- signed to America the greatest task of the greatest age, and the greatest men that ever trod the greatest planet are solving 1t. Their achievements have astounded the whole world and we challenge every age and nation to name men or products that can approach in creative genius or mas terful skill in organization, the mar velous achievements of the tremend- ous men of the present day. Edison can press button and turn a light on multiplied millions of homes; Vail can take down the receiver and talk with fifty millions of people; Mo Cormick's reaper can harvest the worlds crop, and Fulton's steam en- zine moves the commerce of land and sea.
 The greatest thing a human being can do is to serve his fellow men; i; Christ did it; Kings decree 1t, and wise men teach 1t It Is the glory of this practical age that Edison could find no higher calling than to become the janitor to civilization; Vail the messenger to mankind; Mccormick the hired hand to agriculture, and Fulton the teamster to industry, and blessed is the age that has such masters for its servants.
The Carlisle independent., 1915-06-10
OUR PUBLIC FORUM
l-.lntrOductOrv

Through the Press Service of Agri. culture and Commerce, the master minds of this nation will be invited to the public forum and asked to de- liver a message to civilization. Men who achieve seldom talk, and men who talk seldom achieve. There is no such thing as noisy thinker, and brevity is always a close companion to truth.
 It will be a great privilege to stand by the side of men who can roll in place the cornerstone of industry; to associate with men who can look at the world and see to the bottom of 1t; to commune with men who can hear the roar of civilization few centuries away.
 Too often we listen to the rabble element of our day that cries out against every man who achieves. Cruelty him." Mankind never has and probably never will produce a generation that appreciates the genius of its day. There never will be a crown without Q cross, progress with out sacrifice or an achievement with out challenge.
 This is an age of service, and that man Is greatest who serves the larg- est number. The present generation has done more to improve the con- dition of mankind than any civiliza- tion since human motives began their upward flight The Greeks gave human life inspiration, but while her orators were speaking with the tongues of angels, her farmers were blowing with forked sticks; while her phil osophers were emancipating human thought from bondage. her traffic
The Carlisle independent., 1915-06-10
Cost of . Trip to Panama
 Pacific Exposition.

Suggested itineraries for a con- prehensive and delightful two weeks tour of the Pacific cost by the Rock Island railroad.
 Frst: Going via Colorado, re. turning southern route:
 Leave Little Rock 3:10 D m. first day.
 Arrive Kansas City lo:3o a m' secSnd day.
 Arrive Colorado Springs 7:45 a m, third day.
 Arrive Salt Lake 12:01 noon, fourth day.
 Leave Salt Lake 3:45 D n fourth day.
 Arrive San Francisco $50 r