davidaulloa/AmericanStories huggingface dataset:
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-01-18
Credits and Loans.

Moreover, our bankers are engaging
more actively in the arrangement OF cred
its and loans for foreign borrowers who
will employ the funds chiefly for pur-
chases OF the products Of American enter
prise Finance is working to Increase the
export trade, and while the downward
progress OF foreign exchange has been
arrested by the negotiation OF
foreign loans here, the operations Of the
money market all evince the growing as
tendency OF our bankers. This Is re-
Elected as much in the establishment or
the $4,000. 900 credit for Russia as in the
peculiar and quite extraordinary importa-
ton Of 100000 gold from China,
whether or not 1t is strictly bit OF Tor
eign exchange business and in the larg"
shipments Of gold which Japan has been
making to the United States. London eN
poets that supplies OF gold will be released
hv the Bank OF England for American
uses, although there are indications that
such release of gold will he part or bar
gain invoking the agreement to employ
the metal as a basis for financial assist
ance TO Canada, France and other coun-
tries.
Domestic money rates have FALLEN 10
new low levels, and that Wall Street has
been encouraged thereby il manifested ny
the underlying firmness which has CHAR
acteriZed the securities market, including
corporate shares as well as bonds and
no.es. Speculative effort has been Infer
entail. but ii has been anything but reck-
less. and Is a gratifying sign OF sentiment
rather than reprehensible symptom. Nor
has ii been as pronounced as the strengtl
of the investment inquiry. Also, when II
comes to examining the causes FOR the ap-
pearance OF an improving tendency IN
ouoted values no fault can be found with
the disposition of Wall Street 20 express
in securities hopeful opinion OF the m
ture. The facts already commented upor
have been supported by other constructive
,,henpmena
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-01-18
ID. #. Malone in New Law Fir.

Dudley Field Malone, Collector OF the
Port, has formed law partnership with
Valentine Taylor, former counsel to the
Sheriff, counsel to the Governor under
Suffer- acting counsel to tho Governor
under Glynn and for three years a
Deputy Attorney-General. Tho new Arm
has opened offices IN the Washington Life
Building. 141 Broadway.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-01-18
COURT CALENDARS THIS DAY.
NEW YORK COUNTY.
Supreme Court-Appellate Division-Re-

NEW 1OHh Y.
Supreme Court-Appeliate Division--Re-
cess
Supreme Court-Appellate Term-Recess.
Supreme Court-Special Term--Part l.
Before Cohalan, ], Motion calendar called
Part II.-Betore Lehman, J. Court opens
at 1880 A.. NJ Eek parte matters.
Part III--special Term-Before Green
baum, J. Motions, Demurrers--Nos. 297,
e9s sos. Preferred causes-Nos. 1875. 2Sl7.
eral calendar--Nos. 5000, 2si5 1874 1854
332l, Sst6. $3.50. Sss?, ana, 92So, 1854. 1855,
s7lS. 3I?s slSs al6s. 3t2S, ais 2ssa 1851.
Part Iv,-Betore Giegerich, J. Case I'M
finished.
part v.-Before blanchard, j. Case I'M
part v-BstOrs HendrioE. j, csse I'M
part vII-Betore Con. j. Clear
Causes TO be sent from Part H. to Parts
~. v. VI and VII. for trial,
Mos. 1885. 1925, 3sss, sOii, 2sss Ass,
3125, 2sO4. 1881. Ss65, 3lOl. SO15, 1891, 332s,
seas S72s. 35OS, S7is. SsOs clear,
Part III:-Betore Philbn, Nos. 1915,
2l5s, 2i51. 2l62, Ass, also, 2s., 2l7l. 2175,
21i7, 244i. s4l2, ?+44, 24'b, 2i5O, 245l, 2462
Part nxs ssss ss Pure so,s si:; i7 7.
i5!s .S:s,. y: iif ;sss ii;;ss; !. :sss: asss
.'f Psrt ~ yEBs,cro F.odie'o9, 'c j.No. ,s.
49, sss, s: ss i i5;s 49, ISL
siss, 1852, 2454, :t56. 1859, Case unfinished
AZ 'I issC s.oo sacs, p saci, sscs sssa icss
;s, a ssss ss s ISL ss: sGSSSs ::G si
a7's, s.4'. s..s 2's, atS'' Case unfinished
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-01-18
Confidence stu, Politically Impaired

Politics remains the worst thing sith
which the banking and business com
munity has to contend. Washington Sun
fails TO commend itself to financial ana
commercial confidence, and what seems
TO be tho only needful impulse to acceler-
ate a great forward business movement
is lacking because OF the persistently
anti business attitude or the Admins
tration. There is no question that the
Administration does not regard Itself as
holding such an attitude. Indeed IL con-
ceves itself as the greatest friend and
aid which business has to-day, but from
the point of view OF business this concep-
ton is a deluslon.
More than once in the last few months
President Wilson has proclaimed the dis
appearance OF antagonism between poll
tics and business He has given bust
ness To understand that the programme
OF disturbing legislative and executive
action in the business field has been ter
minated and he has revealed dlspo-
| sition 10 40 out OF his way to encoura sc
business optimism, as in the position In
! which he took toward the necessity or
rate relief tor the railroads Nevertheless
there Is a vast difference or opinion be-
tween business and Washington to-day,
| and the political factor still keeps bust
ness sentiment in a state OF unscttlement
President Wilson's Indianapolis speech
an utterance unfortunate In almost AL
its relations, whether considered In re-
spect to its matter or its manner its tone
or it's contents, oan only serve to max,
tho confusion OF business ideas about
the portents of politics worse confounded
In that speech the President took II fOl
granted that business interests consented
TO his theories about the Administra ton
knowledge OF business needs and how t'
meet them. but his assumption seems Il
be based on tho obligation which Away
oonfronts business TO make the best I
can Of such conditions, political or other
wise, as arc vouchsafed.
SEpvcSs 4 . true that there !. no
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-01-18
TRANSPORT ARRIVES VIA CANAL.
The Buford BrinGs Thirty-second
Infantry From Pacific.

The United States transport Buford.
which arrived on Saturday night from
San Francisco by way OF the Panama
Canal with the Thirty-second Infantry
aboard, went up the Hudson yesterday
morning to Weehawken where she dis
charged the soldiers. They took train
TO Plattsburg.
The Buford is the FIRST transport arriv-
ing in New York from the Pacific 10 use
the canal. She made the trip in twenty
three days,
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-01-18
FINANCIAL REVIEW
OF THE PAST WEEK
Additional Developments Indi-
cate q Favorable Outlook
for Values.
POLITICS STILL DRAWBACK

Further reasons have been furnished
in the last few days for maintaining OPP
tmlstic views OF the prospect for values
These have been derived from occur
rences and developments In the banking
and business field, and. irrespective OF the
qualifications OF a broader nature which
prudence is bound to urge, they are
worth regarding for a moment.
Probably IL means more to finance Just
now than to the general business situation
that we should be strengthening our posi-
tlon so remarkably In the foreign oN-
changes as the result Of the external
commerce which war has thrown our
way. II is nevertheless OF most encour-
aging omen In all its wider bearings that
our foreign trade should be making such
an astonishing exhibit of growth. Sec
rotary Redfeld's recent figures show that
on the average OF the last few weeks we
are accommodating an export balance at
the rate of $3.50, 900. 600 u year. Under
the circumstances this means for us rather
a greater ability to diminish our capital
Indebtedness abroad and TO take an uu-
precedented part In financing other coun-
tries than the immediate provision OF
directly expansive influences FOR home
trade and industry. At the same time II
introduces factor into our conditions
which makes for the recovery OF volumes
and values
Wheat by it's excited price advances 10
record heights testities to only one phase
OF the foreign demand for goods and COM
modlties which n turning TO this country
for satisfaction. Cotton exports were IN
normal amount during December and are
Increasing beyond that now and promise
to take tho place OF grain when our OK
portable surplus OF wheat dmiulshes
Copper Is coming forward for export de
livery. very heavy purchases having beer
recently made for foreign account, and the
outward movement OF customary articles
goods and staples Is swelling, to say moth
ing of the shipment OF war supplies.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-01-18
Pennsylvania & Mahoning Valley Ry. Co.

Pursuant to the sinking Fund Provision
of tho First and Reminding Mortgage 81 the
P7nrsylNanit and Mahouing Valley Railway
COMPANY. dated May !, 1909, the sum or
siO.ll 90 has been deposited with this Com
paliy as Trustee. Proposals are invited Tor
Inc sale uI bonds TO the amount OF the de
posl stated and VIII be received by the
Undersigned up to Y o'clock noon on Jan jar
street New York city. Tine right Is To-
sfrvel 10 reject any bid. .u
UNITED STATES MORTGAGE a TRUST
COMPANY, Trustee.
BY CALVERT BREWER, Vice President
January @, 1873.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-01-18
Suggests Means of Success.

U. S. Kies. head OF tho foreign trade
department of the bank, in an article on
Cooperative Effort in Foreign Trade"
says: "If we are to succeed in opening
up a new foreign market campaign OF
publicity and education is absolutely
necessary.
Cooperative exhibitions of American
lines coupled with forceful publicity cam
paisns will win tho trade prize.
"EIhibition halls erected by the United
States Government in various parts OF the
world devoted to the display of the
products OF tho factories and workshops
OF the United States would ultimately
return the largest dividends ever earn ed
by any investment made in the United
States
"If the manufacturers OF this country.
by Intelligent cooperative effort, indicate
that they mean business in the movement
to increase the export trade of this
country Congress will undoubtedly heed
their wishes and prepare for them those
facilities which will he of special value in
the movement"
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-01-18
FIRST FREIGHT. RATE ADVANCES
List of increases From New York to
Western Points.

Some Of the advanced rates on freight
from Sew York TO Western points are
riycn by GrCuier NCpO York, the weekly
publication of the Merchants Association,
a. folluVs
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-01-18

Last week sie .6o4.opo.
Previous week. $1,000. 1000.
Jan. to date, Sc 3 ,bS2. 900.
same period 1914. t37 .oO2. 900
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-01-18
Warrington. Contempt Of business

The unbusincsslike and therefore anti
business character OF the Presidents ship
purchase bill is demonstrated by its indlf-
ference to the impending bankruptcy OF
tho Federal Treasury and by its con-
tempt for the law OF profits which alone
governs real business enterprise. IL Is
unbusinesslike In Ignoring the opportunity
afforded 10y the European war to foster
= merchant marine under private auspices
by the assistance which the Government
might render to private initiative Instead
Of monopolizinR the opportunity for itself
regardless OF the inevitably disastrous
consequences. II was Just such an OPP
portuuity a century ago that led to tho
building up of the great American mer-
chant fleet which rivalled the British ma
rine In 1861. when our civil war broke
out and by that time the tonnage or
American merchant vessels was almost a
third Of the worlds total tonnage.
The Presidents ship purchase bill proof
Of political knowledge how 10 serve the
business OF the country Never was there
q greater mistake OF political argument.
Instead Of commanding support and ap-
prevail from business the bill has evoked
its opposition and disapproval, Not only
have ship owners, shippers and bankers
failed TO unite in a request for the creation
Of Government merchant marine; they
have overwhelmingly objected to it. and
his shin purchase measure win another
legislative victory for him Just TO test
his power and prestige.
President Wilson's ship purchase bill
does admirably as an illustration OF why
| Il is that the return OF business conf
d,nce is so hating and slow despite the
I inducements which are presented for it's
swift recovery. Business always has to
make the best OF things, but this il not
/ identical with being recOnCiled to the
projects and experiments OF politics In
/ the domain of business endeavor The
business community is ready to admit that
I President Wilson's achievements of bust
ness legislation in the last year and a
| half have been largely the carrying out
OF an apparent popular mandate. even
though business contends that good
many things should have been differently
done. When business comedies so much
why cannot Washington make some con-
cession TO business experience and espe-
,iciis 10 the ne, 5ss.ty OF restoring coma
dence among business men by showing
that Washington has at last begun &c
understand what business really means
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-01-18
way TO Find outlet for Goods.

Moreover, well informed people under
stand that the large way OF finding an
outlet for our goods in tho South Amer
can market is BY becoming Interested,
either as lenders or propretors, IN the de-
velopment OF those countries. That Is the
way BY which England Germany and
France acquired the larger part OF their
export trade in that quarter. Having fur
nished the capital TO build the railways
England has been able to direct the ex-
penditures for rails, locomotives cars and
supplies Germany has taken the lead in
electrical development. furnished the capt.
tai for the electrical plants and sold the
equipment for them.
when the bankers OF the United States
sell the bonds OF Argentine railways and
lighting companies the equipment and
supplies for such companies can he fur
nished by our manufacturers but the
bankers cannot sell the securities until
the investors OF this country are as well
informed upon South American conditions
as the investors of England and Ger
many"
Reports received by tho bank from
Buenos Ayres, dated December 10, say
Business conditions at Buenos Ayres
have undoubtedly passed through tho
worst stage of this depression. There are
many symptoms of Improvement
with few exceptions, there is hardly
a manufacturer In the United States with
the capital to do so who could not, with
the same expenditure and with the same
intelligent effort that he uses in selling
his product elsewhere, dispose of as large
quantities in the Argentine. limited only
by the capacity of his plant. He must.
however, be prepared to meet competition,
JUST as he does at home"
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-01-18
ARGENTINA'S QUICK
LOAN WORKS GOOD
Cable to National City Bank
Tells of Effect of S15,00O,-
900 Obtained Here.
STIRS WIDE INTEREST

News of the ready sale OF the Arsen-
tine loan in the United States has created
much interest and favorable comment, the
fact OF its wide distribution giving espe-
cisl satisfaction" is a cable despatch re-
ceived by the National City Bank from
its Argentine representatives, printed in
the current issue OF the Americas, the
banks magazine devoted to the develop
ment OF trade with South America.
''The most encouraging development in
the new movement now under way to
bring about closer business relations be-
tween the United States and the countries
of South America has been tho fiotation
of the Argentine loan for $4,000, 600"
says the leading article in the magazine.
at is certainly true OF the bankers con-
cerned. and probably true in a consider
able degree OF the public, that they were
interested in the loan for other reasons
than those of immediate profit. There is
a genuine desire that the relations OF the
United States with Argentina may be
closer than they have been in the past.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-01-18
LAST WEEKS BOND MARKET,

High Low Clos Net --isil-
Sales. est est. ing. Oh High. Low
= Adams FIX Is, 7i't 7i9t 7ia4 +I4 sOsl 20
3 Alberta f2s.. 95,a 95ia 95'3
Am Agrc On
CIV IS ...... 100 0a7t 100 t01 a7sI
Is AmCot Has 007s Os7I Se7t r .. peli s5
? Am ok & 6s 100 1925 iO3 Y 4 1904 iOoi1
- Am II & l. Is. 1919 iOI 1914 + 4 iOsla 100
AmIce deb Ga. So So IS rs so 1871
2 AmSmltSec6s lO4 lo9s4 1885, r u 1906 I0l
COZ AmT&TcvH9s 97}4 97's e7st 4 4 100 o4If
" AmT&T cit Is $50 s74 ~ = 4 sos So
25 Am Writ p SIS. o2it a. 80 IS ~ HIl
Ann Ar lists o. 65 o5 ~ u 62l1
Argent Gov IS OF W ~ IL % o6ll
30 Armour ilas.. S2i4 Slls wa ri o3bs Se1s
4 AT&SF CIV IS. 101 1905 i0l \ u io2Ia oeas
81 AT & ST CIV Is
1850. ......., Os1I oais 1875 + 4 ooK 500,
IFS AT&SF On Is. oft ora OI4 +it GAL. soll
AT&SF gnisr 90 OF o. q oS5 Wa
2 AT&SF Sh l.. STA 81 81 i 90 500
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-01-18
NORTHERN PACiLIC TERMINAL COM

nUu will OC rOdccmcd by The FarmcrS Ioan and
Trust Con my Trustee. at ITS once. l6-22Wnllam
Street NcS York City, at 10 and accrued IN
terest on the ith day OF February. 1915, at which
date interest viii cease on the above bonds
TIE FARMERS LOAN AND TRUST COMPANY.
Trustee,
BY EDWIN s. MARSToN. President.
New York. January o. 1915
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-01-18

a single great act OF this present great
Congress which has not been carried
out in obedience to the public opinion OF
America" The President says it Is. but
II is no less true that public opinion Is
not obviously satisfied with the method
in which its mandate has been obeyed,
and it Is certain that the acts OF the pres
ent Congress dealing with business have
for the most part been passed without
consulting business ideas and have in
important particulars been passed in de-
lberate contempt OF business experience.
Again the President says: THE Demo-
cratic party does know how TO serve bust
ness in this country" and then he pro-
ceeds to prove 1t by the unrelenting ur-
gency OF his insstence on the enactment Of
his own special bill for the creation OF .
Government merchant marine.
Is Il any wonder that business men
say that politics is still conducting a
crusade against business when so I'M
busnessllke a measure as the ship pur-
chase bill is pressed with so much Ex-
ecutive determination? Also. be II noted
incidentally that II is urged by a man
who betrays his practical Ignorance OF
business by his public statement that the
farmers OF tho United States who raise
grain cannot get any profit out OF tho
great prices that they are willing to pay
on the other side OF the sea, because the
whole profit is eaten up by the extortion-
ate charges for ocean carriage" That re-
mark was made In the Indianapolis
speech in the course OF which the Presi-
dent said in relation to other matters,
that he had taken counsel with men who
knew about finance and men who knew
about business and 1t would seem that
come OF his counselors might have ad-
Vised him that the grain grower who
sells his wheat in the Chicago market to
"A purchaser for export does not have TO
worry about the ocean freight charge
which is added 20 the Chicago price, not
subtracted from It,
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-01-18

all rnl routes. Otner rates are Tor ocean
s"i .oH .o,tes,
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-01-18
QUEENS COUNTY

suprem. Court--Tria Term BefoT- Ia ~
der, j Held In the county court ho..s j"
Long Island City Court opens ana 90. '' =.
called in Part |. az 10 \. NJ II n.
auested that the name OF trial counst "
filed with the clerk In Part l. Afcn.u- 40,
The bar IL called TO rules s. and :, go sh'TT
rules. Queens county Nos. i40 ~ ~
lis, i2S 625L, 66I, sos. s7l 37s ESQ 49, ~ ~,
1874, TRc following causes II market GA
wall be passed for the day. ~ 'aHse VA
SS6' sos, 81. 10. iii, iO2, 721, zee ~. ~,
7IS IA 745 74G. Highest number rca n'' Oh
the general calendar 10 7t6. a., ,rr,,,s.
Before Scudder, j, Held IN the 1'".G,
Court HOUSE in Long island Guy, .",s
| opens and calendar called In Part a !.
A. NJ The following equity cause aTd
called on Monday, January ~, lSss'' ,S,s'
and subsequent days. Il Is reauered , nv,
| attorneys answering calendar sac M. 20
OF the action and the time - T.Gh.rk ISL,
sSs' 49, 49, aSs S7o S7l tsl Az KS ,o. !G
.IIoA, ~ ga tls go t4l Ia, -s,7iRi az
| 346, 3sO. 4l6, 40I, ala. Duryea We ~" ~" IN.
| S56 40. Highest number reache' "'
| general calendar IL Sis. u.,or
County Court - Trial Term n'1Ysr
HqH%PnI'yio cOp No. oP Ps1is a p so .
g, %, -. g. 100, ~ ~. 81: 95 - Is,n ~ ~
is5. g. 80, =, e. .. .: H e TO- ''"'
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1915-04-04
Natures Resourcefulness.

The days of falcOnry are returning.
But in this modern revival of an ancient
sport man himself is to be the game.
which sounds like poetic justice after all
these centuries, and the trained birds of
prey are to belong TO various species.
Word comes from The Hague. for ex-
ample, where Andrew Carnegie's Peace
Palace is mellowing in the spring sun
shine, that pelicans are being educated
TO attack ayiators. With their sharp
beaks and sense of discrimination they
can be relied on, it is confidently pre-
dicted, TO punish the vulnerable spots in
any aviator's face, and. having accom-
plished his downfall, fly back contented-
ly to their perch on their masters wrist.
For Zeppelin hunting a still more ac-
comphshed bird has just arrived from
South America, procured in the Amazon
jungle for Mr.. Ferdinand Bartels, a pro
fessional geological collector, by the In
dian chief Waroma, friend of "Teo-
doro," the mighty hunter 1t is none
other than the red-capped, spiny-tailed
whifiie buff, which spears its prey with
its tail. But Mr.. Bartels should be per-
mitted to describe the birds method and
its possibilities in his own words, as fol-
lows:
Unlike ordinary birds Of prey, the
whihle buff of the Amazon drops and
then scars upward at great speed head
downward and spears its prey from
underneath. This quality Of the wonder
full whifle buff gave me the idea that
the bird, which is very powerful on the
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1915-04-04
"Hang Won Tirpitz!"

The sinking of three British vessels
expressly exempted from attack by the
terms Of the Hague Convention of 1907
has provoked an extraordinary outburst of
Indignation in England "Hang Admiral
Won Tirpitz!" is now the cry, and it has
been taken up seriously by at least one
Liberal paper.
The project seems remote and condi-
tional at best, but apart from all German
threats of reprisals there are man OBJ
jections to what seemed at first the more
practical plan of treating the commanders
of submarines as pirates. If in these days
of frequent prOvOcation eXtravagant
threats are occasionally heard, it must
not be forgotten that when it was possible
to discuss questions of this kind in a more
sober and speculative spirit Germany had
so righteous and so innocent an air that
the situation existing to-day could hardly
have been foreseen by any who were dis
posed to take her professions seriously.
II was at the Hague Conference of
1907 that the German Chief Delegate,
while cheerfully accepting certain pro-
visions, protested against others as wholly
superfluous and unnecessary for his coun-
trymen. Conscience" he said, common
sense and the sense of duty imposed by
principles of humanity. will be the safest
guide for the sailors behavior and will
constitute the most efiicacious guarantee
against abuse. The officers of the Ger
man navy, let me publicly affirm, will al
ways fulfil in the strictest possible manner
the duties which proceed from the I'M
written law Of humanity and civilization"
If this sounds little odd to-day it
must in candor be admitted that the UNI
written law has been quite as useful as
the provisions of the conference.