davidaulloa/AmericanStories huggingface dataset:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1915-08-20
ASK SUIT AGAINST
SHIP TRUST HEADS
Minority Stockholders Demand
S1O,O00,000 for Receiver
ship Losses.

AS one of the preliminary steps IN
the movement of the minority stock
holders of the International Mercan-
tile Marine Company to have the re-
ownership vacated and TO avoid pay
ment of the assessment OF SOU q
share, proposed in the bondholders'
REORGANIZATION plan, Loucks Alex
ander, attorneys for the minority, yes
terday served formal demand on Re
ceiver p. A. S. Franklin to bring SUIT
against the directors for permitting
the company to go into receivership.
For the damage alleged to have been
done to the security holders slO,OOO,-
900 is asked as restitution. The pro-
testing minority, through their law
yers, charge the directors with neSli-
gence of their duty in respect 10 al
lowing the company not to pay the H.
terest on the various bond Issues mat
were in default at the time receiver
was appointed for the company. IL Is
claimed that there were between So,-
100000 and sl0,000,000 Of funds with
which 10 meet these obligations and
that there was no valid reason why
the payments should not have been
made.
The action taken yesterday by the
minority stockholders of the lnterna-
tional Mercantile Marine Company fol-
lows closely on tie protest meeting
held by them Wednesday in the Of
fees OF their attorneys in the Equi,..
table Building. Another meeting VIII
be held on August %, and in the mean
while further attempts will be maze
to seek the cooperation OF a larger
number Of stockholders.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1915-08-20
.DU POINT COMPANY
TO REORGANIZE
Present Concern To Be Sold
to the New One for
S120,0O0,O0O.

Directors Of the L. |. du Pont Ge
Nemours Powder Company have ap-
proved a financial readjustment plan
involving the sale of the properties to
new concern to be known as L. |. du
Pont de Nemours & Co., which will be
incorporated under the laws of Della
ware. The purchase price is TO be
$4,000, 900, of which 81 ,484, 100 will
be in cash, $50, 661 200 in debenture
stock and s5S,S54,200 in common stock:
The debenture stock will consist of
two classes, viz, s per cent cumulative
non-voting, and per cent cumulative
voting. Holders of the per cent pre-
ferred stock of the present company
will be given the opportunity either
to accept for each 500 share 500 8
per cent cumulative non-voting new
dcbenture stock, or for each 500 par
value Of the stocE now held they can
get $50 1-3 par value 6 per cent voting
stock of the new company, with the
privilege TO the holder Of this stock OF
exchanging it for non-voting stoc"
prior to April 25, 1916.
All the common stock of the new
company will be distributed TO the
common stockholders of the present
company as a dividend. A person hold
ing one share of common stock, in ad-
dition. will receive two shares of r."
|. du Pont de Nemours & Co. All the
obligations of the present concern, IN
GLIDING all the contracts with foreign
governments now in course of execu-
ton, are to be assumed by the new
company. 1t is announced that the
change will not affect the business OF
the company, the plan involving IN
no way practical operations, but deal
ing principally with a financial reor-
ganization. The personnel of the di-
rectorate and the management of the
new company will not be disturbed;
When two-thirds of the stockholders
have approved the plan an offer Will
be made to purchase the outstanding
bonds and preferred stock Of the old
cOmpanV.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1915-08-20
TOPICS OF THE DAY
IN WALL STREET
Traders Not Too Certain
How to Take Sinking
of the Arabic.
MARKET SELLS OFF
SHARPLY AT CLOSE
Brokers Puzzled by the Early
Ability of the List to With
stand Pressure.

Traders went home last night with
40, any very definite idea of what the
liking Of the Arabic was going to
80 When the first news appeared
~ renewed the selling that had be-
nm % dwindle. but the movement was
80 carried far and in most instances
.,octs did not reach their previous low
1913 OF the day. For nearly an hour
- forward the market showed no par
.;crlsr concern about the Arabic. pos
INV because there was a general be-
Tcf that .he vessel had been warned
H., ,be submarines commander and the
rssssngers and crew given time to get
s0,sv In the boats. IL was well after
go o'clock. in fact and the first news
5o6 been received before l:3o-that
stccks began 10 show real unsettle-
.ent. Al that time the positive dis
catches from London and Liverpool
RAJ the Arabic had been sunk without
warning and that she had gone under
m eleven misutes caused question TO
No made Of the earlier reassuring re-
norts. In the last fifteen minutes about
,w.ntv stocks on the active list made
new low prices for the day. and twelve
more reached their previous low levels.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1915-08-20
LOST PHOTO SHARES HER
Leads Police to Alleged Check
Artist After Long Hunt.

With the arrest of Mrs. Helen Fail,
alias Grifen, pretty brunette of
twenty-five, at her no e, 446 Grand
View Avenue, Queens, on forgery
charge, the police y they have caught
the person who has been passing many
worthless checks on Williamsburg
storekeepers. Mrs. FAIL, an expert
penman, obtained place as bookkeeper
after she separated from her husband
several months ago. Through bad bust
ness she lost the job.
Then, the police say, she began to
give out forged checks, and put the
police at their wits end. A few days
ago. while in a store at 1886 Knicker-
booker Avenue. where she is said TO
have swindled the proprietor out Of
$40, she lost a group photograph con-
tanning her portrait, by which the police
were able to arrest her yesterday. She
confessed, according to the police, and
gave a long list Of storekeepers whom
she had swindled.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1915-08-20
Steel Rails in Demand.

With a general advance in steel
prices, largely as a result of the entry
of France and Russia into the Ameri-
can market for equipment, greater
buying is expected from the railroads,
and surprise is expressed in steel cir
cles that the domestic demand has not
already reached larger proportions.
considering the fact that the foreign
orders have zen heavy for more than
year and half The order for 25,-
900 tons of rails recently allotted the
Steel Corporation by Russia evoked
Interested c nment i TT e circles,
as the company up to the present has
been getting little business from this
source. the bulk Of the Russian orders
having gone 10 the Lackawsnna and
Cambria Steel companies. Further
large orders for steel rails, bars and
other classes Of steel for export are
declared to e pending. Sales of tin
plate 10 Great Britain, it is said, are
reaching large proportions.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1915-08-20
POLICE DEPARTMENT.

pen'Isnsd;rl2 m. Aug 49, r! !1iIsc, :; A. =,
Temporary i,,Isa%.at. SUR l. ); vcsbuLsh.
% D. in charge Sd s. " .S sdsl1 Ii,b :" s oT5
charge 18Th ). d. addition 70 own l day noon
Aug. 10: Lleuts !. T. Ieith: ssh; and b. T.
! m. Aug 20: ). H. Kayanash lIt,h: 10 lesd
70 80, d. .Sd w.5 aq' s5 "a t to bet Bur
coTey GU q bet Bur. 90 ID dayi h., ID M d,y Aug
days. 1 p M. Aug II; G. T. ChiGuet,e sd, ga. TO
'' E. S. Rs . Rd' w. S' hats! ESD Aug
D. D.o, M ,nA Aug T. f to R lss,h aug & e
Schessnger aud ]. J. Crowley, l7O!h. 20 18th
/ D.. ! day. 2 , m. Aug y; j. 7: H t.id2
zen $ , 4 TnopD'Qp mist MS A ad 4: i ' ny
pun m. Aug a. to /. m. Avs e; j yI Lent
3d. +. j. Conklin. Goth: to b. b. H. squad duty
in s. 5. /. from precincts indicated. d.ys s
18Th h. T. ". Gray. iels,: W II, Lewis, 18TH Pat
rick McDonoush. 2I5th: D; J. M,her 2sSin es.o,. q
T. %.mmsck' 81 s D.. 20 days. noon. Aug. = !:
T. 4 Me,ioldrieE 18th :. p, day. noon Aug Is 49,
Without psy-surseon C. d, Nammaek: 50 ID :: d..
Guerin. 18th day. a m: Aug Is; j. l.. coreY
3s,h. day. i.ol a. M Aus co;3:li,, t isnh "a
/ day, ~ D. M. Aug %; J. 4. Morgan. litth.
day m Aus 10 oven xS Sc%i's Ii$,b i'T'9 a,y
IS m Aug IL: = Fenstein. i52d. days =
a m. Aus 81 ~ T. Mckeon. l7tth. day.
sick tssv.HPtlmn. ]. J. Govern. 18th. 30 days
full Pay Will. On Sick Rsport-sergt: 7. +. J..
OGrady 1sth Pet. IL :t5 ,. IN, Aug H. 10 noon,
Aug. Is: Ptlmn. N. ]. Mccormack seth. I0lj
a m. Aug. Is: j, j. Brennan Traffic Division d.
Rs.sn.d-itinn ]. Tond ed Pet. l? p. m.
Al IL
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1915-08-20
COFFEE.

Tie coffee market was less active yesterday. ami
appeared TO be somewhat unsettled. The evening
up Of September contracts. which accounted for such
a large proportion Of Wednesday business.
but little IN evidence and after opening l point
lower TO l point higher active months sold ~
. or points TumOrs that the yalcrization plans
IN Brazil were assured and spprehensiOns that Tho
rains reported IN producing sections might be fol-
lowed by a cold snap with frost complaints neyt
week These features failed 10 inspire any general
or aggressive demand. however. and the market
essed OF slightly under realizing IN the late trai-
ing with the close net unchanged to points
lower Sales we're reported Of $500 bags.
The early cables from Brazil reported no change
IN the primary market situation. except for an
advance Of l-22d In the rate Of Rio exchange on
London. and the cost and freight offers repore
here during the afternoon were about unchanged
10 A shade frmer IT reported that quota
tions for Santos 4 ranged from about S6jc TO Sf5c
English credits while Rio Is we're quoted arouni
zoe II is reported that interior buyers are SIN
holding on and warehouse deliveries lately have
beeu running smaller. which some take as indicating
a reduction IN the invisible supply. with posi-
bility that any builish development might bnng
huycrs In the market TO replenish their stocks II
moi 10 provide for their more remote requirements.
The oficisl cables reported rain In all districts
OF Sac Paulo with maximum and minimum TEN
ncratIIres ranging from II down 10 50 % degrees.
The local spot market remained quiet and steady
al &c for Rio Is. Range OF prices
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1915-08-20
GUARD DIVISION
TO PARADE HERE
Gen. Organ Will Command
1000 in Van Cortlandt
Park Review.

New York National Guardsmen from
five boroughs, 1000 strong, will parade
at Van Cortlandt Park Saturday, Sep
TENDER 20, as an object lesson, it Vas
announced yesterday. at the hcadouar-
tiers of Major General John +. Organ,
division commander. Governor Whit
man and prominent officers Of the army
will be present.
Every branch OF the militia service
will be seen in this review, and the
division will march as if in an enemy
country, with wagon train. scouts, pa
trolls, flank and rear guards.
The three coast defence commands
will be assembled as a brigade OF in
fantry, reinforced by auxiliary troops,
consisting of cavalry. field artillery,
signal and sanitary corps and machine
gun squad. Each of the two infantry
brigsdes. the 1st and I'd, will be REIN
forced in the same manner. 1t is prob
able that the mounted troops will en-
camp in Van Cortlan,, Park the night
previous to the parade.
General Organ said yesterday that
expense was the only factor which de-
TERED him from assembling the en-
tire guard of the state.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1915-08-20
Sales in Auction Rooms.

Az IA Vcsey st.
By Herbert A. sherman
7TH Az, 3of and 300. s. is.I ssth Ct, Tslr
S.. II irres: Two sty tennis and storas and two
sty rear tenmts. Lee err sgt 2Sth 81 and
7th Az Realty Co al: W q orr atty: N q
ouinby. ref; due s63.G70? IS: taxes. etc. SIS? s..
TO the pltn for $4,000.
BY Henry Brady.
RiviNGr0k ST. 329. =, 7il Mangin 81, 25r
IS: sly stable. { HOwani sst Henr Nodell
et al A A Spear, atty; Winter Russell. ref: due.
ss.sl7.5i; taIes. etc. sl3s.Ss: 10 tho pltf for
5000.
By L. J. Phillips Co.
$50 ST, 30 ", SIS, 33l Central Park W, isr
1922. sty dws: Society OF 81 JOhnland AT
Henry Cssteberg et all Cary &. atiys: Louis
Lsnde. ref due, s2l.i75.5s; to o Young tor
So. o00
At the BronI Exchange:
BY Joseph p. Day
scH0FlElD ST. II s. 800 Long Island Sound.
50Ill9. City Island: T Jewell sgt J Barry
ct al. Hayes 4 X. attys. 7 y Cuthbert, ref.
due. S2.0J2.3I. taxes. etc. sl73sl. 10 the pltf
for $3.50.
BY Henry Brady.
HARRiEr Pl. g. 2s4 Eastern Boulevard.
5OI9l. 6rt7. sIs33; also Trnbdn Az. n 8. los
Zerega ay l00xl0s: J. 0'Hars Of al AIT Colorado
Realty Co ct al; Harrison. atty. p Tin
ley. ref; due. s9.527.5l taxes. ete. $3.50: u
the pltn for sl4o0.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1915-08-20
DEAL FOR CHURCH OFF
Old Edifice in Madison Av
Returned to Trustees,

The deal for the purchase of the
Old South Church, at the southeast
corner OF Madison av. and 3sth ST., has
fallen through, casting the property
back upon the hands of the trustees of
the church.
A provision of this contract was that
the church trustees would defend a
suit to test the power of the Murray
restriction as to whether it's construc-
ton would prohibit the use of the land
for an apartment house. The Appel
late Division Of the Supreme Court
ruling that an apartment house would
not violate the restrictive covenant was
sustained by the Court of Appeals.
The cost of this friendly litigation
was borne equally by the prospective
purchasers and the church trustees. A
reason advanced for the failure OF the
contract was that the buyers had lost
interest in the project, and as dummy
contracted the agreement the trustees
could not enforce its fulflment.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1915-08-20

country HOSE inisrmsten tree 10 prospective Ley
era lat co,,rs reI can. write. NJ agents. see
lOuulr, uSu.s service. % W. Jlst o. Tel 1891 MAJ
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1915-08-20
COURT APPROVES
SHIP TRUST DEAL
Purchase of Pacific Mail
Liners Authorized at
$5,250,000.
SHIPPING DEMANDS
TO ASSURE PROFITS
Marine Company's Receiver
Says Vessels Are Needed
to Offset Losses.

Judge Charles NJ. Hough in an order
filed yesterday in the Federal Court
approved the purchase by the Atlantic
Transport Comrany--part of the In
ternational Mercantile Marine Com
pany-of the five ships owned by the
Pacific Mail Steamship Company. This
sale was forced on the latter line, the
largest flying the American flag, by the
La Toilette seaman's act, which. they
say, made it impossible to compete
with Japanese shipping.
The order was made on the petition
of the New York Trust Company, COM
plainant in the receivership suit, which
said that since the European war the
international Mercantile Marine Com
pany has lost three vessels and sold
two. 1t also declares that the Inter
national Mercantile Marine Company
has not acquired any new vessels and
that shipyards OF Europe are so busy
on war orders that they are unable to
build merchantmen.
The New York Trust Company also
says that P. A. S. Franklin, Vice-Presi-
dent and Receiver of the international
Mercantile Marine Company, has In
formed them that it would take three
years to build a new vessel of suostan-
tial size and that it is desirable that
the Atlantic Transport Company &C
quire the Pacific Mail boats now under
charter to il, two of which can be
protitably operated between New York
and London and two others between
New York and San Francisco, via the
Panama Canal.
Present and prospective demands
for shipping facilities between the
United States and European countries,
the petition states, make Mr.. Frank
lin confident that other liners can be
operated probably in such service.
According to the New York Trust
Company the approximate cost OF the
five Pacific Mail ships was sl0,OO0,OoO.
The purchase price authorized by
Judge Hough amounts to S5,25O,OOO.
The sum apportioned to each ship is:
Korea, ll,276 tons, built in 1902,
81 ,O0O,O 900, Siberia, 1924 tons, built
in 1902, $1,O00,000; China, $3.50 tons,
built in 1889, s25O,OOO; Manchuria, 49,
500 tons, built in 1904, sl,5O0,OOO, with
interest at 5 per cent year from
July 81, 1915; Mongolia, 1889 tons,
built in 1904. sl,500,0O0. with interest
on 81 100000 thereof at per cent.
year from August %, 1915.
Judge Hough empowers Mr.. Frank
lin to modify the contract, if neces-
sary, and directs him and the New
York Trust Company to give their
consent TO the purchase and to assist
in all proper ways to bring it about.
The order was signed by Judge
Hough while on vacation at Hanover,
n. II.
The Pacific Mail Steamship Company
was the pioneer line in the Pacific
Ocean carrying trade. In 1o48 its nrs'
steamer. the California, arrived in San
Francisco Bay from Panama carrying
prospectors eager for the gold which
had just been discovered.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1915-08-20
COTTON PRICES
REMAIN UNCHANGED
Market Closes Steady, in Spite
of General BeariSh
Influences.

While the talk in local cotton trade
circles yesterday suggested a more gem
eral tendency toward the bearish view
of Southwestern storm effects so far as
ultimate yields of cotton were con-
cerned, offerings were limited and
prices ruled generally steady, with the
close steady, net 2 points lower on
August, but generally unchanged to 3
points higher. Reports from Liverpool
that an ocean liner had been torpedoed
caused rather sharp break during the
early afternoon, but losses of or 7
points were quickly recovered, and the
continued absence Of Southern hedge
selling, combined with feeling that
such bearish features as the anticipated
contraband declaration had been dis
counted, probably served to restrict
offerings and caused more or less seat
tered covering.
Liverpool was lower than due, and
the local market opened at a decline
Of to points. Offerings were very
we'll taken around the initial figures,
partly by renewal of covering on the
part of Liverpool straddlers, and the
market soon steadied, with the active
months selling about to points
above Wednesdays closing figures dur
ing the early afternoon. The subma-
rine rumors were followed by break
from 9.43c to 935c for October, but the
market closed within . or 3 points of
the best.
The failure of hedge selling from
the Southwest to show itself here with
the improvement in the telegraph SER
vice was probably one of the chief fac
tors in the steadier tone of the market.
Selling of this sort was developing on
rather a more active scale before the
appearance of the Southwestern storm
and it's absence to-day was considered
as indicating either prospect for COM
paratively small August receipts or the
encouraging influence on holders of the
recent banking conferences at Calves
ton. Local spot dealers report no i'm
provement in the demand from export
ers or domestic mills, but many think
that procrastination of forward pur-
chases is leading to an accumulation OF
buying power which may possibly de-
feat the expectation of a material
break in prices as the picking season
advances. Detailed weather reports
showed good rains in some sections of
the belt which were mentioned as still
suffering from drouth in Wednesday, s
weekly weather report, but private ad-
vices from the Southwest were still
very conflicting as to the effects of the
tropical storm, many of them empha-
sizing the damage in the fields, al
though some of the larger spot houses
wired in that the rainfall had done
more good than harm from the stand
point of final crops. Southern spot
markets as officially reported were un-
changed, except Mobile, which had been
relatively low, but showed an advance
of 38 points, and New Orleans was Z
points higher. Range of prices:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1915-08-20
sweden Reported in the War.

In the last fifteen minutes, when the
market was seriously rejecting the
topedoing of the Arabic and the fears
that some Of her passengers had been
lost, the decline was accelerated by a
umor on the floor Of the exchange
that Sweden had decided to cast in
her lot with Germany. Wall Street
strategists attached much Importance
TO the rumor, because of its plausibili-
". Finland's irreconcilable attitude
toward Russia was recalled. AS was the
fact that Finland had originally been
taken from Sweden by Russia. And
when maps were consulted and it was
seen how Finland apparently offered
a straight road 10 Petrograd, the re-
port was thought all the more serious.
But ii is worth nothing, nevertheless,
that while stocks sold off sharply, there
was no excitement of moment, and
from time 10 time individual issues
made a stand and even regained
little of their lost ground.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1915-08-20
MOVIE CONCERN
BUYS BIG SITE
Famous Players Film
Company to Build on
Marble Hill.
FACTORY PROPERTY
NEAR BRIDGE SOLD
Building Owned by Willetts
Family for Many Years
Other Sales Reported.

The Famous Players Film Company,
of which Adolph Zukor is president,
Daniel Frohmsn managing director,
and Edwin s. Porter treasurer and gen
eral manager, through the A. N. Git
termsn Corporation has bought plot
of thirty-one lots atop Marble Hill,
bounded by West 225th ST., Adrian av.,
Jacobus and Van Corlear places.
The Famous Players will at once inn
prove the land by the erection Of stu
dos, open air stages, laboratories and
factories. The Famous Players de-
cision TO transfer its producing activi-
ties to Marble Hill is considered in
motion picture and real estate circles
as the first move toward the CONVEX
sion of upper Manhattan as q motion
picture producing colony similar IN
scope to the film aggregations now
operating in Los Angeles and other
Western centres.
This spot was selected after a COM
prehensive inspection Of half a hun
dred places on account Of its proxim-
ity TO the upper West Side residential
section and its accessibility by the
New York Central, subway and trolley
to Forty-second st. and lower Msnhst-
tan. Combined with these advantages.
the decision was affected by the un-
limited opportunities for obtaining
rural views and equestrian pictures on
the Riverdale Hills and Van Cortlandt
Park parade ground, while marine
spectacles can be adequately and ia
clely staged on the Hudson or Harlem
rivers, the latter being at the foot OF
the hill to be occupied by the Famous
Players studios. The property is as
sessed for tax purposes at over $780,
900, and was sold for $4,000.
Other sales follow:
FRONT ST-Rusnd & Whiting Company has
sold for members OF The Willetts family. Of Resign.
l. l., the four story factory building al 2s4 and
a plot 46.sr7fS and Is reported to have been sold
for cash. Five years ago title u the property
conveyed BY Walter Il. Nilleits % Elsie r. and
Edna A. Wiletts Rosetta W. Sosson and Gertrude
T. Prosser.
BAINBRIDGE Av.-The Charwyn Realty Com.
den the dwelling at 1928 Bsinbrdse az. IN the
Bedford Park section. on lot 15Il0j. After altera-
lions the buyer will occupy the house.
BATHGATH AN.-The Bepenscn Realty Company
has sold the plot. 50rll5N irregular. Al the north
east corner Of Bathgste and 1891 81
18TH ST-Robert Levers has sold for Oscar
Hsase 500 West l7sth St. three story building.
on lot 2OrTj. adjoining the northwest corner Of n.
Nicholas IL Is ~ present occupied By the
Temple OF the Covenant
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1915-08-20
CAUGHT m BLAZING TAXI
Aged Woman and Garage En-
ploye Badly Burned.

A lighted automobile lamp igrited a
can of gasolene Yesterday in front OF
a garage at 585 Howard Avenue, East
New York, envelopipg the machine and
its seven passengers in flames, and
badly burning two.
Mrs. Margaret Hsrron, seventy-two,
of 1873 Jackson Avenue. Long Island
City. was handicapped by her age in
getting from the car, and received Sc
we're burns about the face, hands and
head.
Alexander Rashkin. Of 1915 Douglass
Street, Brooklyn, an employe Of the
garage, was burned about his arms,
legs. face and hands. He was taken TO
st. Mary's Hospital. The other psssen-
gers escaped injury.