davidaulloa/AmericanStories huggingface dataset:
The sun. [volume] (New York [N.Y.]) 1833-1916, 1916-02-08
SEES GAIN IN BRANCH
OF RESERVE ABROAD
Thinks Reported Mission of
Gov. Strong Of Fedora!
Bank Right Step.

When asked - tho trip 20 london o.
Benjamin strong. Jr, governor OF the
Federal Reserve Bank here. for the pur-
pose Of establishing a branch o, the re
serve bank IN the British capital was
not "a step Of vital importance In the
conservation - this country's god sup
ply Sol Wcxler OF Rsche & Co. said yes
terday tha; II Was at least a step In the
right direction.
Mr.. Wexler briefly outlined the present
situation and drew q diagram TO en-
phasize II. The diagram WAS a pyramid
with a broad base.
'7'his.' he said, pointing 20 the base
OF the pyramid. represents tho gold
supply in this country at the present time
The apex OF the pyramid represents
credit, and II is easy to see that tho
contraction Of the base line lowers the
height OF the credit.
There IS a large amount ~ COLA n
this country now. Europ" has shipped ~
gold IN paymen, for the materials ""
have sent her. She nov owes LIS moucy
on short tlmc bonds. As long as she j.
in debt TO thus country the now OF gold
away from the United states Will lac
effectually checked,
The opening OF European branches Of
the Federal Reserve Rank will he a
S'HN III 'te FlGnl direction IN tNat our
bankers car go TITO that market and
buy standard bills of exchange,
After the war Europe will try 20
reverse the situation and regain a pov-
tior ~ tina gold here. bur No want
~ he la "A position TO prevent such a
transfer on N great scale.
W can do this by building w our
foreign trade SO when the tim" comes
We will be prepared to hold what W.
have gained. We must establish %
greater merchant marine, so that freight
charges will come to US and not 60
10 ship owners of other countries
Yes" concluded Mr.. WeXlor, "f Nj,
Strong went to Europe FOR tho purpose
Of establishins branches OF tho Fed
cral Reserve Bank II Is a step In tho
right direction, az anything whi"h will
establish American credit balances In
any part OF tho world will afford pro
! lection to our gold stock"
That the opening Of n branr,. ~ the
Federal Reserve Bank In Europe = the
purpose OF Mr.. Strong's trip to the other
side has been affirmed IN wei informed
circles In tina financial district.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1916-02-08
PROvIDENT LOAN PROSPEROUS
Handles n7I.OSO Pledges for sI0.-
6l4,63l in 1913.

James Sp"yer, president OF the Prov'-
dent Loan Society, In his annual report
said that the society in 1915 had had
the greatest yea In It's history. having
made 81, o5s loans. amounting 10 3Ia,-
544,53ijo. an average Of s3+c3 for
each loan.
In September heavy repayments Of
loans began n continued until New
Year, During these -four months the
number OF loans made was 1s0.69s.
amounting to s6,4ls,5os5o. while the
number of loans repaid was 2l0.l96.
amounting to sI.155,93o SO. showing a
decreas" ~ 20, i9s loans. amounting to
S739.A9o.
The society Owls free and clear ten
office buildings exclusively used for It's
work. The star handled l.146,72l
transactions. involving siO,3j2,n77 Three
new members were elected TO tho So
cirty They are Ma Sarah Cooper
Hewitt, Pierre jay n George r. Nc
tlcllau
The sun. [volume] (New York [N.Y.]) 1833-1916, 1916-02-08
FEARS SLIDES WILL
BLOCK BARGE CANAL
state May Expect Duplication
of Panama Trouble, is
Official Warming.

A'RANY. Feb New York state will
have 10 wage a fight after the opening
of the barge canal against landslides
similar TO that now being fought by tho
Federal Government at the Panama
Canal, according 10 warning issued to-
night by state Engineer Frank NJ. Will
Jams in his annual report 10 the Legs.
ldture,
1T has been found that for some years
after the opening Of the canal" SAYS
the stat" Engineer, "Ut can lee expected
that there viii be some d'nieu.tl .u-
couut"r.-i III the canal slide rivers hy tho
sizzling of the banks and that consider
able dredging viii have 10 be Tor until
such time rs the banks have been over
grown with vegetation and have as
Sumed their natural slopes"
With ms IN mind and with a Niew to
reducing iinal expenses Mr.. Willi2uS
recommends that the Superintenden; 90
Public Nurks h" empowered TO pur-
chase dIrdges TO meet the requirements
Of maintenance.
ON" of he main recommendations Of
Nv William. Is that the terminal act ~
l'lI l.. amended SO as to permit tine u-e
OF the uucXpcuded balances appropriated
for terminals IN the construction OF new
ones.
'B.tveen New York city and Albany
the Law does not provide for NE con-
4truction of 4 single terminal" says tho
report. "Ir my opinion any uney-
pc' Icd balances wight he used in 'hc
construction of terminals In oin cities
along the Hudson River"
Calling attention 20 terminal work
already done, Mr.. Williams remarks 'at'
several terminal contracts hav" N""u
awarded uuriug the pas, year aud that
he Intends to submit additional plans
calling fOr the construction Of terminals
Ia Sew York city, where the sun or
50 400. 600 l. 20 he expended. lie SAYS
that ne has entered INTO negotiations
NTH -i'V nfiNlals-
The sun. [volume] (New York [N.Y.]) 1833-1916, 1916-02-08
MIDVALE SURPRISES
BY BUYING CAMBRIA
sale If Control Puts lncN-
pcrtrd End to Independent
steel Merger.
PRICE ABOUT S72.OOO.O 600

Wall street was doubly surprised yes
terday when announcement was made
that the effort to consolidate tho Cam
bria. the I.ackawanna and the Youngs-
town steel companies had been abandoned
and that the Midvale Steel and ord
nance Company had purchased control
of the Cambria company AT ss1 a.sharc,
or about $4,000. 900 for the 100000
shares Of Cambria stock outstanding.
In tho financial district tho merger
had been accepted as definitely settled
and the Midyale-Cambr,a deal was
wholly unexpected.
The sale of Cambria steel 20 Mldvale
interests followed II long drawn out
series of negotiations by youngstown
I.ackawunna and Cambria representa-
lives. which began soon after "A syndi-
cat. headed by J. L. Replogle pur-
chased control Of the Cambria COM
pany last November.
After an agreement rs TO tho prices
a, which the companies would partici-
pate IN the merger J. l.. Replogle Sc
cured a large number OF additional OPP
tious on Cambria stock.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1916-02-08
5000 TO STRIKE ON WABASH.
>W itchmrn's linton Plans TIeun-
M cites 1874 right.

CHICAGO. Feb. T-Twenty thousauS
members OF IN" Switchnen's rr,on 81
North America employed by thc Wabash
Railroad viii lie uu strike before Z
'll Of tho week. according t. James u
'ounprS, assistant international prcs!-
dent OF that Organization, Although the
places OF the union men are ls'rg tll,c,i
lS members OF tho Brotherhood OF Ran.
way IrainIncn II * tho plan OF 'ho
union To seek to tie up tho road hv
ealing out the entire union membership.
II Wa animated to-day that there =
u Joss hi,lty Of the strike spreading to
OTHER roads,
IAN effort is hclug made 10 place u
false issue before tho public aid MIR.
toLhnrS. "Thls situation IL an exact
duplicate Of tho Northw estern strike of
ls@i. when members of the Brother
hood Of Railway Tra.nmcn acted as
STRIKE breakers and filled the positions
of the union men. We are the onls
switchmcn's union recognized or atiili-
at"d with the American Federation ~
Labor"
The sun. [volume] (New York [N.Y.]) 1833-1916, 1916-02-08
10000 D%RESSMAKERS
TO GO OUT ON STRIKE
600 shops Threatencd-Arbi-
traitors Settle Demands for
shorter Hours.

II : expected tina, arproxlma,ah 40
ooo wis .un,o,od l., eoo - -
""'
"eNN"'"N'hs shops IN thls city VII! qu1;
work to-day or tomorrow ~ a general
strike for increased wag.s and I.ss
bor,s uorl Th.. ,o -.
~ ''I''' '"'
'''"e CONCESSIONS when We're ordered
yesterday 10y the board ~ arbitration.
which se,,led a strike NJ % ooo ,,-,.
.,,. -, 81,
'' ""~' anu
i'"SS MdhuiActurers Association by
granting a fpriy-uirc hour week. hiche-
wages and other Demands Of the strikers
Jacob Miller, chairman OF the general
strike committee OF the house dress
wrapper ard k.mono makers. announced
Yesterday that lU,"0G girls IN about 3Gt
shons went on strike for similar do
uuuds namely. Is TO - y.~ cent. in
crease tn wages. u forty-ciCht hour week
;rHd dHU!l" pay for overtime. At ~.
sHu" tn.r officials OF the Ladies' Waist
The sun. [volume] (New York [N.Y.]) 1833-1916, 1916-02-08

Then the earnings ~ all the COM
pauics began to show heavy increases
and the shareholders Of the 1"trkawanna
steel Company. who had agreed to the
price of 90 for their stock, changed
,her minds and wanted more.
The options hold hr the Replog'e IN
tcrcsts expired Oh January 81. The
uthor companies were given until noon
last Saturday to announce DEFINITE ac-
ton. 1t was said here yesterday That
Mir Rcplorle wultcd in New York until
II o'clnck Saturday morning. when ne
took train for Philadelphia. There
he conferred with f.. r. S,o;esbury of
Drexel 4 Co. the Phi adelphia bankets .
Wu,tm II. puuur. president of tue
Cambria Steel Company. and representa-
ives Of W. T.. Corey. president OF the
Midvale Steel and Ordnance Company
At 10 o'clock saturday evening an agree
ment was reached TO sell control OIL
Cambria to Nidvile.
Will, no Official statement other than
a confirmation of he despatch from
Philadelphia could be obtained ycster-
day al the Midvale companys onl'es
here. IT is understood that the company
because Of the acquisition or 'alnhrlt
steel will double its outstanding caintaI
stock by authorizing an additional S'"'-
ooo. 600. which will increase the capitai
stock ur Midva,c to sl50.o0o, 600.
/; Ma reported yesterday afternoon
that Midlale stockholders would be Of
frred the opportunity To subscribe l"
IN. new stock at s." "A share. II wa~
also said .hat an underwriting syndicate
had been formed and hat 1t had already
uuderwritteu the entire amount or the
new issue. II is understood that the un-
dcrwriters will receive a commission OF
-. pgr cent.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1916-02-08

Mr.. Cimau emphasized the fact that
certain last passenger trains over IN"
lake shore road have observation cars.
while certain other trains that Use tho
Michigan Central route from Chicago
ar. not so equipped.
Observation cars" said Mr.. Smith.
ARE a dead weight. We do not nat
them on except IN respouse to demand
Tie Michigan Central has Just as good
service. according to It's bust
hess. as the New York Central. Won
can't run trains and lose money. Won
see he added with a smile. I'm looking
out for tho investment of Mr.. Nenner as
IA Stockholders"
Dwight W Pardee. secretary Of all
the companies Of the New York Central
system, read the names Of the s~tockhold-
erS of those companies. The LAWYERS
were intent on showing tina a large
group Of hig and little roads that should
n" connecting with ore another are con-
'r'Iltd hN the same group 90 men.
In order To Eet closer to the sources of
Information Justice M~0rschauser. with
the assent of both sides. said that tho
trial would he continued AZ II o'clock
this morning In the New York Ceutrars
Office building.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1916-02-08
sTUDEBAKERS CUT SHOP TINE.
MANY Nru Also Get 10 Per Cent.
Raise ny New Plan.

Sor-Tu BEND. Ind. Feb. 7.--FifcctlNe
Mdraf !. tie regular working hours IN
~" Loco. pants - the Studchaker Cor.
pora'|pr vii, h" reduced from tfty-hvc
So ifty hours - week. divided into nine
hours q day for five days. and tive
hours on Saturday. In order to adjust
wtg" 20 the new working hours all piece
rut's aud hour rates will he increased
90 per {
\ Il t.rskiuc. president OF the con-
pauN, said to-day:
"Fu- snmc time our officials have been
considering The" possibility of reducing
oar working hours at South Rcnd and
"" concluded 10 take definite action al
ih.S time In recognition of 'h" loyalty
of our South Bend employees. This
action affects about $500 men and vii,
cost the corporation about $780, 600 per
auuum."
The present pay roll Is about $500,
coo a month
The sun. [volume] (New York [N.Y.]) 1833-1916, 1916-02-08
NURSE NEAR DEATH.
i'oisons Herself IN ENort 90 A>oid
Danger Of Infection.

Mr. catherine 4 Meyer, - years old.
Il trained nurse. az Iqmdrtjn" avenue
and Firth street, Baysidc. is dying in
the Flushing Hospital OF hirhl"rid" or
mercury poisoning. according 80 y report
made TO the Queens torpu'r@' OH" al
j|maica Yesterday afternoon.
Mrs. Meyer was IN Httcidinc" urun =
sick baby. As she was leaning "vc'
the child It coughcd. Mrs. Meyers face
was close 10 that Of the baby. The
nurse washed her mouth with n ~ per
cent. solution of the poison I" prevent
possible infection. and IN this way poi
soned herself. The baby Is stfd To-
have been suffering from Liphthcria.
Several days later Mrs. Meyer he
came ~. She consulted br. -. ~ story
of inside. who. finding that She grew
steadily worse. sent her to the Flushing
Hospital yesterday for Treatment and
reported the case to tho coroners' office.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1916-02-08
GUARDING TEXAS & PACIFIC.
Protective Committee Formed
Fenr Of Receiver.

Announcement has been made Of the
formation 81 "A committee for the pro-
lection Of tho second mortgag" incom"
bonds Of tho TcAas and Pacific Nailwa"
Company that ar" not held hy ia" s..
Louis. Iron Mountain and southern Rail
way Company. Mortimer y luokn"r,
pre-. idcut OF tho New i0rk Trust Com
p.uN, Is Chairman Of the committee,
which includes owen r. Roberts and
Edward Schnfcr
This action was taken because 81 the
impending application FOR the appoint
moul Of "a receiver for the road
III" committee has selected the New
York Trust Company as depositary and
holders OF bonds are requested 10 de-
poslt their holdings IN negotiable form
with al, unpaid coupons.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1916-02-08
PLANS HARMONY ON PENSIONS.
Ma, or'> commission Appoints Con
ference Committee

tity chamberlain Rruere. vice-chaii-
rAa oi the Mayors pension commission.
Announced Yesterday the appointment of
"a conference committee to make adjust
u,Hi. ia matters uf detail III the report
g. tHo commission on tle TEACHERS pen
Siuu luud.
Joseph Natr, Frauh Ecth"'l aud Mrs.
Frauds II. '"'inrn vI'I represent IN" psu-
sion rummlssIuu Vnu>r selected to rep.
resent the Board u Education and the
teachers are George j. Gillespie, John
Greene. Walter II. Bennett. Miss Grace
&. Strachau, Miss isabel \. Ennis. Lyman
a. Best, Harry u, Ienhollow and George
w, Dorland.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1916-02-08
MERCANTILE MARINE
FIGHT NOT NEAR END
Preferred Think Common
Stockholders Are Asking
Too Much.
WANT RECEIVER TO GO

indications that the preferred stock
holders committee VI the International
M~ercantiIe Marine Company Intends to
hasten the termination ~ the receiver
ship and 30 turn the property back to
the preferred stock holders were seen in
n statement issued yesterday 10y James
n. Wallace, president Of the central
Trust Company and chairman Of the
committee. Nj. Wallace said that the
demands Of the COMMON stock holders
committee were ~ such magnitude that
they could no longer lie considered by
tho interests which he represents in the
Iuternational Mercantile Marine CON
troversy. Nj. Na'lice's statement served
70 confirm. the reports that serious diff
ferences had arisen between the Wallace
committee. representing the preferred
stock. aud the rlattou committee, req
reStntiug the ,rutn"u stock. Mr.. Wal
lAre's statement was a. follows
AT the time of the formation of the
commute" the holders of preferred stock
Of the Mariue company were not in
formed AS to the alue uf their holdings
and were threatened with the practical
extinction ur their interest through the
contamination Of the tnization
plan which had been promulgated in the
interests of the holders of the outstand-
inG bonds.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1916-02-08

The time expired yesterday for the
making Of deposits OF the first mort
Rag" bonds of the Western Pacific Rail
way company AZ tho Equitable Trust
company and the other dcpos.'drirs
throughout tie country uudcr thr r.
organization plan. At tho close Of bust
ness last night 1t WAS not possible Ia
ascertain IA" exact irumber Of bonds
deposited, but IL was said to he clos,
to the total amount, The rcorganizl-
tiOn managers have just received the
figures regarding tn" Western Paciiic's
December earnings, which show graft
Tying groWths, freiGh. earnings alone
increasing 10 per cent.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1916-02-08

Alh"r, u WIpptu, president ~ tho
Chase A@h.,".tl H., q. Gates v. No
,iarrdh prr-,i'rt Of he Mechanics and
Metals hank Nlllilm H. Potter If i. T.
Morgan 4 co., and Seward prosscr,
president OF Ia" l''rI"rs Trust Company,
with th"lr fdmil"s. lrl, on Suud,v for
a pleasure trip TO IN. Pacific coast and
Honolulu. '
The sun. [volume] (New York [N.Y.]) 1833-1916, 1916-02-08

LOST n ladies vI'h room. Not. Aston.
about O. p.E. Nluu'uYu r. a. wl'r f,rc
Of in ehu.. carved, 1850 ,uuN 'ulr. l'rl'y
valued E,~trI g. ,.'lru'I to Nj,
GLADYS MOI 'N',~NpEFll American.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1916-02-08
N. Y. CENTRAL LINES
EQUAL, SAYS SMITH
Denies Discrimination In Mich-
igan Central and Lake
shore Trains.
WITNESS IN VENNER SUIT

Trial " Clarence II. Nenncr's suit
under the sherman law 70 set aside the
consolidation Of the New York Central
and the Lake Shore railroads was re-
sumod yesterday before supreme Court
Justice Murschauser at the Bar Assoc
citation. The trial WAS begun In White
Plains. but was shifted 70 this city for
the sake of reader access TO the New
York central's records and for the con-
vcnience Of the witnesses.
Mr.. Nenner. the author OF many suits
against corporations, has tried In vari-
Gus ways 10 undo the New York Central.
Lake shore merger. In the present ac-
ton he contends that the consolidation of
the two lines. making "a continuous rail
road from New York to Chicago, while
not iu itself Illegal. amounts 10 an H.
legal cont iuation because the New York
Central. already owning the Michigan
Central. acquired control Of the Nickel
Plate and other subsidiary roads when
II bough the Lake Shore. lie asserts
that there Is no real competition in the
great lakes and New York territory.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1916-02-08

In regard to existing buildings the
SAM duplication OF Inspection exists,
tn" Industrial Commission as well az
local boards and officers being charged
with the duty OF inspection.
1T is plain that this dccontralized
control with respect to construction and
structural changes IL not an efficient
means OF carrying on the work b. rca-
son OF the division of r"Spousib lity
and also hat the cost of i"~InsprctIuu
- unnecessarily e~Ntrdvagaut.
81 therefore recommend tina leg.sla-
;ion be enacted transferring the powers
of INSPECTION and supervision now
vested ia the Industrial Commission
under sections 7@b. I?c except subdl-
vision -, I'D 1ge and ar OF the labor
law, m addition 10 the Jurisdiction under
sections Ma and sab of Article VI. OF
tine Labor law. So FAR as they relate 20
alterations and structural changes ia
existing buildings In the city Of New
York. and transferred 20 a department
uul.r IN. jurisdiction OF the Mayor. ans
hat 'hc jurisdiction now vested IN the
building DEPARTMENTS IA each borough in
regard % construction OF factory build
lug- hereafter erected under section 19a
remain IS heretofore. except that the
state Industrial commission should have
no jurisdiction thereover.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1916-02-08

Alfred H. Smith. president of the New
YORK Central Lines. was examined yes
tcrday 10y william a. llmau. one of the
Nenuer attorneys. lie chccrfully adj
mitted hat II, had 'becu everything
from messenger boy TO something else.
But he said he couldn't be expected to
he familiar with every scrap Of detail
along $4,000 miles of railroad OF the
functions of more employees than
George Washington ever had IN his
army" lie said that nowadays "compe-
titon between railroads is IN service-the
rates are fixed 10y law"
You try to get the same business In
Chicago for shipment over the Michigan
Central and the Lake Shore "' wa one
of Mr.. tlman's questions. Mr.. Smith
said. Yes" He added that both the
Michigan Central and the New York
Central were striving for every pound
Of freight they could get. The lawyer
seemed to think that the Lake Shore
had better trains and gave better SER
Vice generally than the Michigan Gem
trial. Mr.. Smith said that the Michigan
Central got all the traffic justified. For
years, he said, the Michigan central
suffered disability because Of The neces-
Sity OF ferrying trains over the detroit
River, The river was tuunelled three
and a half years ago, he said. but Il took
time TO make the travelling public forget
the old ferry difficulty.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1916-02-08
Would Amend Regulations.

81 further recommend that II there
be practical difficulties or unnecessary
h~urdsh'ps ~ carrying out the provisious
Of sections ,Ha, 7sb. 19c. 1.-'. 1?c, 40.
SEA and >3b OF Article VI OF this chap
ter. or rule or regulation adopted 10y
No stat" Industrial Commission there
under. a.fegtiug the construction or
alteration OF the building OF exits there
from IN the city of New York. hat the
proper authorities OF the sad city. under
the Jurisdiction OF the Mayor. be given
power to make variations IN the law.
rules and regulations II the spirit OF the
rule or regulation shall I've observed and
public safety sscured.
"Th.-- are In the city OF New York
I5.Si' factories In which there are en-
plpyed 7S2.5G6 employees The sur
]rpuudtu@s aud structural conditions
under which these factories are operated
J,if,r f-om those in other localities and
can hc NOR" .learly understood by tn.
local authorities than by a state board.
"By following out these recommends
lions YOU VII remove from The city ~
New Work. the duplication OF Inspection
nov placed upon IL by tho labor law and
viii give the city du:horities power 20
Obtain the hest central organization pos
s.hle 90 work out its own problems 10
which ! have referred
The sun. [volume] (New York [N.Y.]) 1833-1916, 1916-02-08
81 K~ROGATE>' NOTICEs.

MElEK, CHARLES In pursuance o, AZ,
safe OF tho County Of Sew lrrE. N0f.,
Il hcrcb' g!'"H to IA - lnir..
claims RSu.f' 'har.cs Alcy.r. 80 -. ~.
County O. Ne" York, Ic. ,,s,l 20 l.rn.at
the same With vouchers .ayacuf 20 H., N
scribcr. 80 hi pAE" ~ t~rauSH.t|.g L.qi
ness, at tho ONCE % his attorneys .1'.s.
4 ~Steluk,Wp, 40 40 Nassau ~tr-af. ~.
ougA % M~,uhu''an, CSC, ~ NsN lurk a.,
~ before the .'th GhN 80 Nt mat I.,sd
New York. the Sth d-r ~ NnNcMh.t 49,
HENRY MEYER, Aijulr#s tru'AF EAI.rEr
L STElNk NMf Attorneys for Adn..l s,r,
Manhattan, New York C.iy.