davidaulloa/AmericanStories huggingface dataset:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-04-02
Finance Economics
Telephone:
Hanover 65l4

year should be postponed in the com
mon interest. The war needs should
have first call on the industries. For
economic reasons. also this is no
time for capital investments which
can be made later
One of the most important phases
Of preparedness is the readiness to
subscribe for the loans which will be
offered for our own and the allied
governments. OF this the bank says:
an view Of much that has been
said of the ability Of the banks to
take great government loan, 1t IS
we'll to emphasize the fact that 1t IS
far more desirable to have the loan
taken by private parties. The eco
nomic difference between having the
banks create new credit and having
the public use the bank credit al
ready existent was set out at length
last month in connection with British
government borrowings. If the
banks create new credit, the effect
will be to initiate the situation and
increase the reserve requirements.
Moreover, the bank situation should
be kept free and strong to deal with
the business situation. The late
British loan was foated without bank
subscriptions, and bank subscriptions
to the late $150.000.000 Canadian
loan were all declined when it was
found that the loan could be filled
without them
The bank advocates campaign OF
thrift to educate the people to save
money to invest in government
loans: However the loans are of
fered they will come thick and fast,
and the American public should be
prepared to take them as a patriotic
service. Saving for the loans should
be in order here as it has been
abroad. There are protests against
economy, on the ground that it may
disarrange and perhaps occasion
losses and unemployment in some
quarters. There is but slight danger
Of unemployment while the war lasts,
and it will only be possible to supply
labor where it is most needed by re-
leasing it elsewhere. Business IS IN
evitably disturbed by war and every
body must adjust his affairs to the
needs of the hour. When the labor
supply is utterly inadequate is no
time to make unnecessary work on
the plea Of keeping somebody busy"
1t is admitted that financially the
country is we'll prepared: There is
absolutely nothing in prevailing
monetary conditions to indicate that
the country is on the verge of war.
Money is easy as the proverbial old
shoe. Credit is granted with Gus
tomary freedom for the usual COM
mercial requirements, and there is
not much demand for other purposes.
The international situation has been
strained so long that the element of
surprise is eliminated and the people
are adjusted to it,"
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-04-02
DIVIDENDS
DIVIDEND No. iss. -
,,,r u.~oyrR FIRE INSURANCE "

THE HNNONtH H' :. ,,,s
New York. March ~ W
A, r,.etinr OF the Board % niree,v
IA ,,ds dav' a Quarterly Dividsnd
Tsso .nJ one-half (gi4) Per Cent Vas
cisT.d. payable April and. isla y,,,tp
Orrs q, the Company. HANOVER sel
ING. Nos - a ss Pins street 10 $50
80 hook. to be closed from Msrcn
10 Anr,i snd. 1917, both dates inelssS /.
W n. s. JARviA esHss
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-04-02
Preferred Stock Convertible.

The proposed new company would ne
called the Boston & Maine Railroad
Company and would take over the fran
chses Of the Eoston & Maine Rail
road and tn" leased lines it operates.
It's preferred stock would be entitled
to per cent cumulative dividends
before the common stock received any,
and after the common had also re
ceived per cent
Both kinds would participate equally
in any further dividends. Preferred
stock and common stock would be is
sued, share for share. to holders of pre-
ferred and common stock of the Boston
& Maine, and preferred stock would be
issued, share for share, 10 holders OF
stock in leased lines. Preferred stock
would have no voting power, but could
be converted, share for share, into COM
mon stock within three years.
Provision for Debts
The debts OF the road would be as
sumed by the new company, present
funded debts to be secured by first
mortgage and present unfunded debts
by second mortgage on the property.
There would be at least fifteen di-
rectors. elected annually. and it is pro-
vided that at least two shall be resi-
dents of Maine, one of Vermont and
four Of New Hampshire.
The statement. which is signed for
the committee by Edward +. Brown,
Conrad ". Croker and Edwin F. Dwell
ley, says that former President Charles
6. Mellen has declared the plan TO be
good one. under which payment OF
dividends could be resumed within one
year from the time it was put in oper-
alton.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-04-02
B. & M. Minority
Plan Calls for
No Assessment
New Credit of $S2, 900, 900
Is Feature Of Reorgani-
zation Proposal

Boston, April "details OF the plan
for reorganization of the Boston q
Maine system. az proposed by the Min
ority Stockholders Protective Associa-
tion, were made public to-day. It is
proposed :nat n new company take over
the property, which is now in the hands
Of a receiver. paying for it IN shares
Of preferred and common stock. Stock
holders in leased lines would lose the
dividends of s, and 10 per cent which
they have been receiving under the
leases in some cases and would receive
preferred stock entitled to cumulative
dividends Of Der cent.
In behalf Of their plan the minority
stockholders claim that Il would reduce
the fixed charges of the system by
100000, would avoid all underwrit-
ing commission and prevent assessment
Of stockholders, while giving the cor
poration extensive credit and giving
stockholders early and substantial divi-
dends. They claim that the reduction
Of 100000 in fixed expenses would
be accomplished without reducing the
aggregate OF dividends paid to stock
holders by more than 500, 900. Bor-
rowing capacity for future develop
ment, they say. would be about sS2,-
600, 900 under the provisions of exist
.nC law.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-04-02
Three Admitted to Stock
Exchange Firm Partnership

Frederick Hill, f. Stuart Peck and c..
Robert Adams will to-day become part
ners in the Stock Exchange firm OF Jo-
seph Walker g. Sons.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-07-21
800 British Women
In Knockers Build
Huts at the Front
Chaperons Accompany Rapidly
Growing Feminine Con-
tingent in France

British Headquarters in France, June
80 (by maiD The feminine section OF
the British army is growing larger day
by day. Khaki-clad young women, at
first limited to the Red Cross section
Of the field army, are rapidly pushing
into many departments of army &C
tivity. displacing men who in turn are
passed along to work nearer the 'front.'
Every boat coming from England
brings new companies of women WORK
ers. At first their work was mostly al
the remote bases, but now they can DC
found working further and further
afeld sometimes indeed within hearing
distance of the guns. In the electrical
denartments at the chief bases women
have very largely displaced men. AS
cbaureurs they are being employed BY
hundreds. not only on ambulances and
light supply wagons, but also on heavy
TRANSPORT lorries, and with entire sue
cess.
Six hundred young women carpenters
are at work building army huts. Iney
had only six weeks of instruction and
preparation in England before crossing
the Channel. Their work here is prac..
tically shop work" The huts are OF
the new, semi-cylindrical Canadian
TYNE. which is being turned out by the
thousand in knockdown form, every
hut exactly alike. The young women
wear neat uniform of regulator
Khaki. with short skirt and Knockers
and a sleeve badge. Each girl has TO
know only one small part Of the whole
process OF hut building; each day she
repeats the same operation, whether II
be with saw, hammer or plane, and
then passes on the work to the next
operative.
The housing Of the women workers
has been accomplished without partieu-
lar difficulty. Some units are in huts,
others billeted in hotels. Each unit has
its own supervisory officers and chape-
rons. While at work II is under COM
mand of young women lieutenants. who
act their part as smartly as any British
subaltern with the actual ighting
forces
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-07-21
Whitman and Edge
Name Port Board
Freight Congestion Problem,
1t Is Thought, Will Be
lBy Telegraph to Tie Trbunel

Sea Grit, \. j.. July 20.-The men,
bership Of the New York-New Jersey
Port and Harbor Development Commits
sion was announced to-day after a con-
ference between Governor Edge of New
Jersey and Governor Whitman of New
York.
The New York members are Arthur
Curtiss James. +. II. Outerbridge and
William r. Wilcox. Those represent
ing New Jersey are De Witt Van Bus
kirk, Frank R. Ford and j. Spencer
Smith. The names were announced in
alphabetical order that there might be
no hint of preference as to the selec-
ton Of chairman, an Office which both
executives desire TO be filled by vote
of the commissioners.
During their talk Governor Edge and
Governor Whitman discussed freight
congestion and its remedies. This
problem, it is believed, will be the first
TO be taken up by the commission. Fa-
cilties for handling the abnormal war
traffic will be recommended by the COM
mission.
j. Spencer Smith is a member of the
New Jersey Board of Commerce and
Navigation. and it is believed develop
ment Of waterways will play an i'm
portant part in the programme of the
commission.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-07-21
Exporters Put Pratt
Out, Friends Charge
Say Late Head of Commerce
Bureau Was Victim of
Redheld's Policy

Washington. July 20.-Dr. Z. +:
Pratt, resigned chief of the Bureau OF
Foreign and Domestic Commerce. who
was forced out of the government SER
ice by Secretary of Commerce Redheld,
Is remaining in Washington. sdeter-
mined not 10 run from the scene under
fire."
DIR. Pratt's friends assert that the
circumstances which necessitated his
leaving the government service were a
combination of grievances of New York
exporters and a personal criticism Of
Secretary Redfeld by President Wilson.
DR.. Pratt's friends charge that the
rev export control policy has irritated
a number Of exporters, who made de-
riands upon DR.. Pratt for permits which
could not be Immediately satisfied, and
that, hearing OF the complaints, the
President sent FOR Mr.. Redfeld. who
unshouldered all responsibility upon his
subordinate.
Il was stated also that President Will
son was annoyed by some of the pub
llcity apparently emanating from the
Commerce Department relating 20 the
exports policy of the government and
how the policy might affect neutral
countries.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-07-21
= Commodities 9
Produce Markets-Current

Butter.-Receipts. 1857 packages. Cream
cry. higher than extras. per lb. 39i. n i0i c (.
extras (92 scorel. gaze: frsts tsS 20 Of
score, 81 "a 3s2.c; seconds (s3 to 81 scoreD
3S,24J,l .e; thirds. .im S5e; creamery. un-
salted. higher than extras. +0i.d4le: extras.
80 aT zoe: firsts. 3sM 3Sc seconds, 36H37 &c
state dairy. tubs. finest. 3sia n 39c good TO
prime. 50 2g3sc: common % fair. 35a Csc :
renovated, extras. 36H35 &c; frsts. 35Q
35i2c: lower grades. 33H34i5c imitation
make. frsts. 34g3iizc; seconds. 53q 30 &c
lower grades, 81 = u32 &c: packing stock,
current make. No I. 33iac. No .. 32i. n 33c
lower grades. 300 &c.
Cheese.-Receipts. II .oo3 boxes State. m.
fats. fresh. coored. specials. 10. 22at n PC
white. specials. 22lz N 224. C colored. average
run. 22M 22he; white. average run, 22d
22lac: prime to choice, Il 4M2l2,c. lower
grades. l9M 2lc: twins. fresh. colorea. spe-
cials, 229. n 23c white. specials. % n 22a4c
eolored, average fancy. 22M22i.c white. av-
erage fancy. ga 22ic; cheddars. fresh spe-
cials, -Zea "a 23c average run. % &c: single
daisies. 23a. n 24c: Wisconsin. W m fancy.
twins. fresh. white. 22ff 22ai c: colored. 22N
23c; double daisies. 23N 23iac: Young Amer
icas, 2fn24i4c: state. skins. flats, specials,
lie; fats. prime 20 choice. l3Tl5c; twins
and cheddars, prime TO choice, Balls fair
20 good. sal2c lower grades. 3M7c.
EgRs.-Reeeipts. 1880 cases. Fresh gath
cred, extras. per doz. 1890: extra frsts.
36m31c; frsts. 33iam35c; seconds. goa
32i2c; thirds and poorer. 25Gf2gc dirties. No
!, 30i2d3li2c; No and poorer. 25N3lS
checks. good to choice dry. 2si. n 29i2c: IN
dergrades, 23fi Csc state. Penn and nearby
Western. hennery whites. fine TO fancy. sea
44c; ordinary TO good, 3Snil gathered
whites. ordinary 10 fine. 37Mi2c; inferior.
3lM 36c; Western and Southern. gathered
whites, 3ld 39c state Penn and nearby. hem
merry browns. 40H42c; gathered brown and
mixed colors, ungraded. 34l 39c
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-07-21
Ind
Cotton

Cotton prices were advanced about
so points after opening somewhat low
er yesterday, chiefly because the trade
has become so congested that 1t re-
quires only limited amount Of specu-
lative buying TO send the market up
with a rush. Toward the close quo
tations fell back under selling for
profits, July contracts showing a loss
Of 10 points finally, while new crop
months left off with net gains Of TO
90 points.
Further good rains were reported in
all parts Of the Southwest. The pre-
cipitation in some sections Of Texas
was so heavy and so general as to dis
pei all doubt about the relief from
recent drouth conditions. In the east
ern part of the belt the crop is said 70
be suffering from a lack Of cultivation
in some sections. A wire from Charles
ton said that the continued heavy rains
in that part Of the state were doing
damage, as the fields were rapidly be-
coming foul. Taking the belt as
whole, however, il was believed that
the crop has shown considerable i'm
provement and Is now in excellent shape.
with sufficient moisture in he ground
TO carry it over a considerable period
of dry weather. There was further
buying by trade interests and japanese
firms were again taking cotton, as they
have been doing for several weeks past
in this and other Eastern markets. 1t
was said that some Of the cotton being
bought at the latter points was coming
to this port for export. Southern spot
markets as officially reported ranged
from 60 points higher at Houston to 50
points lower at Baltimore.
Nactnrla..ta
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-07-21
FORECLOSURE SALES.

SUPREME COURT. COUNTY OF NEW
York.-The Mount Sinai Hospital OF the
City Of New York, plaintiff, against Clara
l.. Disbrow and another. defendants.
In pursuance OF a judgment Of foreclosure
and sale. duly made and entered in the
above-entitled action and bearing date tho
18th day Of June. 1911. !. tho undersigned.
the referee In said judgment named. will
sell at public auction. at the Exchange
Salesroon, No. 1915 yesey Street, in the
Borough OF Manhattan, City Of New ork.
on the eth day Of July. 1911 at ~ o'clock
noon on that day, by JOSEPH P. DAY:
Auctioneer, the premises directed by said
judgment 20 be sold. and therein described
as follows:
ALL that certain lot. piece or parcel Of
land. with the buildings and Improvements
thereon erected. situate. lying and belpg IN
the Borough OF Manhattan. OF the city OF
New York, In the County and state OF Ne"
York bounded and described az follows:
BEGINNING at a point on the southerly
side OF Eighty second Street, distant one
hundred and sixtyfye 0S5) feet Westerly
from the southwesterly corner or Eghsy-
second street and Fourth or Park venus ,ss
and running thence westerly along tns
southeriy side Of said Eighty-second street
eighteen Is) feet; thence southerly parsl-
lei with the westerly side OF said Park or
Fourth Avenu. and part Of the way through
a party wall one hundred G00) feet; thence
easterly parallel with tho said soutnery
side Of said Eighty second Street eighteen
(IB feet and thence northerly parallel with
the said westerly side OF Park or Fourth
Avenue and part OF the way through q party
wall one hundred 900 feet TO tbs poin, or
place Of beginning.
Subject 70 a state Of facts az shown BY
the survey OF Earl p. Lowell, dated March
9Th. 1912.
Dated, New York. July End. 1917.
ROBERT l.. STANTON. Referee.
HOADLEY. LAUTERBACh JOhMsON.
Attorneys for Plaintiff. 20 william
Street, New York City.
The. following is a diagram OF the prop
er,y 70 be sold Its street number 10 IS East
SEND street:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-07-21
Bowman on Food Board
To Represent Hotel and Res
taurant Men in Federal Body

John Nee. Bowman, president Of the
Morgan Hotels Corpora
ton, was appointed yesterday to the
Federal Food Commission TO represent
the hotel and restaurant business OF
the United States. Mr.. Bowman is
president of the hotels Biltmore, Man.
haitian and Ansona, of the Commo-
dore, now under construction in New
York, and of two which are being built
in Atlantic City.
He became active head Of the Blt-
more in 1914. Early in 1916 he organ
lied the Bowman err-Morgan Hotels
Corporation and in June, 1916, bought
the Hotel Manhattan. A few months
later he became a director of the Har-
riman National Bank and in September,
1916, he became president of the An
sonia. His election as president of the
Hotels Corporation took place last
month. He is forty-two years old and
a Canadian. His place on the National
Hotel Mems Food Commission will be
filed by Thomas D. Green, president Of
the Hotel Association.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-07-21
University Of Texas
Discharges Pacifst
Removes Professor Keasbey.
Who Organized Meeting Here

Pacifsm has caused the official de-
capitation of another university pro-
lessor.
Professor Lindley Miller Keasbey,
dean of economics and political science
Of the University OF Texas, announced
yesterday he had been dismissed by
the Board of Regents because Of his
activities in pacifist circles in New
York. He was one Of the organizers
of mass meeting held May 80 at Madi-
son Square Garden.
The announcement Of his dismissal
from the university was contained in
resolution adopted by the regents
which asserted that "for the best in
terests of the university DR.. Keasbey
is removed from his position" He is
the author of many works on interna-
tional law. He received part of his
education at the Kaiser Wilhelm Uni
versity, in Strasburg. from which he
received a degree in 1892. He is fifty
years old.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-07-21
Yesterdays
Business Troubles
Bankruptcy Petitions

MOSES ZIMMERMAN residing at $50 East 72d
ST.. formerly president % the NJ; zimmerman Com
and 32i East Houston ST. and al Phiadephia'
has nled petition in bankruptcy with liabilities
se ed o S' and Of csn Tor eo ,SS r
real estate Is located at $40 to 322 East Houston
st: ~ end l3s suy'n r, st. 6 "? -, 70 ND S esbs
eight lots at Brookhaven. Long Island lie also
has al shares OF stock IN the VI. zimmerman
Company. 1870 shares in the Progressive Realty and
Development Company and 20 shares in the New
Life Publishing Company, values unknown: on the
dor,er Of notes u the NJ Zimmerman Company
and sij.7s2 i' unsecured. petition IN bankruptcy
vas filed against the company on January y ast
WILLIAM CUTTREI.L. butter aud eggs solicitor.
bankruptcy with liabilities OF So 70 and assets
camille Exchange, hypothscated FOR loan Of 800.
\. PAssllAS 4 son. INC.-A petition in bank
De' nso 9efR ,ddS sa at i5s Es ss,h g. ~
these creditors: Aaron l.. Palmer. Sts5' ,Mto
Greenberter ,2ll and Love. BOYD s co. Sl2s.
h iSHN w IS AZ c sos petition
"a bankruptcy has been hisd isains. the Jo ION,
claims p Wsidmsn. $1,000 L. Mc' afthy. $500.
and ~ 4. Dosdy. $50. The company made an
A'j AMEkTcAS CHAIR COMPANY. INC-A ped-
ton in bankruptcy h. been hled asallsi ne Amcr-
siirh.l So and Aaron l.. Palmer. sos.
MAX RDTHSCHlLD. Manufacture Of waists at
lgs spring - has Hled petition I'm BANKRUPTCY,
With fatalities o. s3.ii2 and no assets.
NETTrE BlERH0FF. Of SOL West le9ih =. MS,
MED a petition In bankruptcy. with LIABILITIES ~
,lt32s. d,heisney judgments In favor OF the College
Mi MILpREb RAISroN HART u SO West SSH
st hss nied a petition IN BANKRUPTCY. With labih-
ties ~ S. $50 and no aseis. She ha' only no
creditors Gertrude A. Dubois. $500. ard Jt4ia l.
S' 1LISroN e. ANDREWS. plumber and steam
a,isr n Pnushtecr-le has aie1 a petition In bank
rlp,cy with liabilities y sia7i ard no assets.
P.tItloa Dhmlsssd
ROSE " FTTZpATRICk.-judFeH Hand has H.
missed Tic uriition 10 BANKRUPTCY fled on july
against Hoss NJ Fiirpatnos. dealer ig women 5
apparel al so sch az on a settlement WIN ctcl-
itor.. She pays IN full
Receiver icpolnttd
CLOVER HAT COMPANY INC.--MAy Potter
has been appointed receiver for The CloTer hA
Company. Inc. Manufacture n wnnehs ha's -
40 Gfcef- -
W z CORD COMPANY. INC. manufactursr
NJ cord ,sssels and trimmings a. lig Wooster ST.
has mad. an Assignment ~ hhrru' henahd.
wessly FsIIurs Report
''Bradstre.,'." reports sti business failures dur
inr the w.es In The United ria'ts sgiinn ~,
Tor the previous week and 2st. As'. 2hz ara -
Middle STATE. had y New England - southern.
a.. western 20: Northwestern. IS and Far Mesi
en-. "a canada had ~ for the week. .ssini ~
Tor the prstious week About 81 per cent o. ms
failures had icsS than s. 900 capital and pe'
cent had from 5000 to $4,000 CAPITAL
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-07-21
Government Planning In
ventory of Worlds Ton
mage Available for Allies
Toxic Assured of Steel
Is Told American Exports to
Continue-Benehts by
War Prices
From The Tribune Bureau

Washington, July 20.-This govern
ment has a definite plan for meeting
the shipping needs of the Allies, but
itr details are being kept secret. 1t
vas disclosed to-day that one Of the
very first steps is to be the taking OF
an inventory of the worlds present and
prospective tonnage available for Allied
uses.
The Japanese government has been
requested by Washington to furnish
America with exact figures revealing
the amount Of Japanese tonnage con-
structed and of tho amount building,
together with the approximate dates
when the vessels under construction
will be completed. Similar information
furnished by Great Britain and France
respecting the tonnage of those coun-
tries and statistics revealing Norway's
shipping resources were said already to
BE- in the hands Of this government.
Japan's Figures To Be Large
Japan has promised to furnish the
figures, and it was predicted to-day that
they would be considerably larger than
has been supposed. Every shipbuilding
plant in Japan has been working over
time for more than a year and new
yards for turning out ships have been
built.
The Toxic government already has in
quired as to the attitude of the United
States toward the expectation Of steel
from this country to japan, and has re-
CT ived a favorable answer. America has
assured Japan that she considers Japan
as one Of her associates in the world
war, and she will be specially favored, as
are the European allies.
Japan, it was pointed out, is very
largely dependent upon the United
States for steel, and should her supply
from this country be abridged it would
seriously affect her merchant ship
building plan.
Won't Sacrifice Munitions
Diminution of JaIan's steel and iron
Imports would also have baneful ef-
feet upon Russia, il was asserted, as
Japan supplies the bulk of the NUM-
tlons reaching Russia, and IL confront
ed by situation in which it would be
necessary to sacrifice either munitions
or ships, munitions in all likelihood
would be sacrificed. IL is the determi-
nation of the United States, however,
that no such situation shall arise, and
Japan is assured that her steel pur-
chases will not be jeopardized.
IL is believed Japan will benefit from
the agreement entered into by the gov
errment and the steel interests, where
b. the Allies will obtain steel at the
same price that the United States pays.