davidaulloa/AmericanStories huggingface dataset:
The New York herald., 1922-07-24
RYAN SETTLEMENT
UNDER WAY TO-DAY
Receiver Starts Series of Con-
ferences to Clear Loan
Situation.

Settlement of the affairs of Allan A.
Ryan. bankrupt. will begin to-day with
the first of series of conferences ar
ranged by David Hunter Miller Of the
firm of Parker Marshall. Miller &
Auchincloss. attorneys for the receiver.
and Francis G. Caffey. The time and
place of the conference will be fixed
this morning and it may be held in the
offices of the lawyers at 81 Broadway
The purpose of the conferences. which
will precede the usual bankruptcy near
ings. In the course Of which Mr.. Ryan
Will probably be examined personally. Is
to clarity some Of the extraordinary stu
ations that arose from the compl.ca-
tion of Mr.. Ryan's affairs especially In
regard to the large loans outstanding.
In most bankruptcy cases in which
loans on collateral figure the banks
have so well protected themselves that
there remains a substantial equity above
the amount loaned. and this equity is
usually available for the benefit Of the
unsecured creditors. In Mr.. Ryan's case
the exact reverse of the usual situation
obtains. judging from the schedule filed.
There Is not only no equity. but the
amount Of the loans far exceeds the
apparent value Of the collateral.
1t will be the purpose Of the receiver
to learn to what extent the schedule
filed In court represents the true stua-
ton. In the course OF this process 1t
may be necessary for the financial in
stitutions concerned to put a value, even
II It is an arbitrary one. on Stutz stock.
which figures in so many of the Ryan
loans and the cornering of which led to
his financial downfall.
In the schedule which he filed Mr.
Ryan apparently put no value whatever
on the Stutz stock. For instance. in the
case of the Lawyers Title and Trust
Company which loaned Mr. Ryan $685.
067 on 4.500 shares of Stutz. the value
of the security Is shown in the schedule
as unknown" This loan figures out at
about SS6 share. The same Is true
as to the 3,605 shares Of stock on which
A. A. Housman & Co. loaned Mr.. Ryan
$a0.035, or at the rate Of about s24
share. Whether or no any value was
attached TO this particular stock where
it was used with other securities as col
lateral for loans does not appear from
the schedule.
The price fixed for the stock when
the shorts were caught in the Ryan
corner was about $551. While the stock
has been barred from the New York
Stock Exchange ever since the price
declined after the corner to about 100, II
has been as low as so. II has not been
quoted anywhere for some time past
ard there is, therefore. no valuation put
upon it. II banks holding the stock are
able to dispose Of 1t at fair price there
might remain In some Of the loans an
equity available for the unsecured cred
itors.
1T Is for the purpose Of clearing up
such matters as this that the conferences
are to be held. 1t is expected that some
of the larger creditors will be repre-
sented at the first hearings. Allen
Wardwell of Stetson. Jennings & Mar
shall Is expected to represent the Guar
anty Trust Company and William
Travers Jerome and George F. Lewis
will probably represent Mr.. Ryan.
The New York herald., 1922-07-24
UNCLE SAM IS SEEKING
I,7OO NEW LIEUTENANTS
Eligibles to Be Examined in
Week of August l3.

Examinations are to be held during
the week beginning August 13 to fill the
vacancies for 100 second lieutenants
which exist in the regular army. There
are openings in all branches of the rer-
vice except the Chaplains' Corps, Medi-
cal Corps and Judge Advocate Generals
Department.
1t Is stated at the headquarters Of the
Second Corps area. at Governors Island.
that all applications for the examina-
tions from New York. New Jersey and
Delaware are to be submitted 10 the
Commanding General Of the Second
Corps area. All candidates must be cit!-
zens of the United States and between
the ages of 81 and 80.
Those eligible for appointment are
warrant officers and soldiers Of the rcgI-
lar army Of two or more years service.
reserve officers and members of the en-
listed reserve, national guardsmen of
commissioned or enlisted grades. and
graduates Of certain technical institu-
tons designated by the Secretary OF
War
The New York herald., 1922-07-24
BOY, 8, CAUGHT IN TRAP
AS PEPPERMINT THIEF
Father Tells Bad Boy joe to
Sleep Well in Jail.

Anthony Brohasek, proprietor Of a
candy factory at 2402 Atlantic avenue,
Brooklyn, has long complained that
children have been stealing his candy.
Yesterday he. laid trap. putting two
boxes of peppermint In his factory win
dow and hiding near by.
A little head appeared at the sill A
shrill voice said, "Poosha.' and young
Joe Ferino, 8. entered. He grabbed the
peppermints and then BrohaselS grabbed
him.
Joe set up yell. He told Brohasek
II wasn't he who had stolen the candy.
but the other fellows--the ones below
Brohasek took young Joe to the police.
He was charged with Juvenile deln-
quency and sent to the Children's So
ciety for arraignment this morning
Joe's father. who lives at 1855 Allan
tic avenue. in Brownsville, called TO have
a look at his son. He was non-commit-
tai. He said he couldn't appear in court
because he had to work.
"Good-a-by. bad boy. joe" no said !;
sleep In jail happy"
The New York herald., 1922-07-24
PRAISE AND BLAME
MIXED FOR MILLER
Albany Review Makes Duell
Senate Star, With Lock
wood in Second Place.

In its belated review OF the last legis-
lative session the state Bulletin. pub
lished by the New York State Associa-
tion. gives Gov. Miller credit for having
done noteworthy courageous things as
an administrator" questions his claims
to making big economies in the State.
hands the palm TO Holland S. Duell of
westchester as being the most conspic-
uous member Of the Senate "for ability.
constructive effort and independence,
and tells what are the best and worst
laws passed by the session.
The association condemns the resolu-
ton calling for the impeachment of
Judge Strong. now In progress, as the
worst passed by the Legislature. This
was introduced by Assemblyman Me-
Whitney of Nassau. The Bulletin says:
1T involves a personal and political
attack on Judge of the Supreme Court
in part at least because he brought about
indictments In Nassau county against
political contractors who had loaned
money to the introducer of the resolu-
ton"
Senator Charles w. Lockwood of
Brooklyn gets second place as star
legislator, and Senator Nathan Straus.
Jr., gets honorable mention.
Controverting the Governors economy
claims and taking him to task for not
press 1g hare mis- plan for reorganiz-
ing the State government the Bulletin
adds
The uo lid bring about some
ST .lor ents which are COM
pa tlveL active because they are
grated on me existing crazy struc-
tire of the State government. These
Include the establishment of central
purchasing system with provision for
Standardization for supplies, further CEN
trail control Of State printing and adver-
tising and more responsible organiza-
ton of farms and markets activities"
The act establishing the separate Chill
dren's courts is picked by the State as
ISOLATION as the most meritorious of the
session. and the worst law passed was
the Congressional gerrymander' bill in
troduced by Senator Ward ". Tolbert
and Assemblyman Sol Ullman. both Of
New York.
Senator Tolbert and Assemblyman Ull-
man are credited with the best consti-
tutional amendment, that providing for
real home rule.
Senator Lockwocd's resolution extend
ing tho life OF the housing committee
was the best in that line.
Adeibert Moot of Buffalo is president
of the association, John G. Agar and
George w. Wickersham OF New York are
vice-presidents and prominent men and
women of the State are on the advisory
council.
The New York herald., 1922-07-24
BOLDLY TURNS BOOK WORM.
Negro Slayer to Read All He Can
I'm Last Four Weeks of Life.

Luther Boldly. negro desperado. who
killed Detective Sergeants Francis Buck
ley and William Miller in Manhattan. is
going to read all the books he can during
the remaining four weeks he h1s 20 live.
Warden Lewis Z. Lawes Of Sing Sing
announced yesterday that ths young
murderer prefers fiction. Soon as he
finishes one book he sends to the prison
library for another.
I'm going to read all can." ex.
planned Boldly. Only good books are
supplied to him. He gets nothing ro-
mantle or melodramatic or lurid Boldly
is to die In the week of August 2s. with
Herbert Smith. white, who killed Post
master Lewis Johnson at Nineveh juno
tion, N. Y.
The New York herald., 1922-07-24
APPEALS ron OLD CLOTHES.

Old clothes OF all kinds. household ar
ticles and brc-a-brac are wanted i,y the
Federation for the Support of Jewish
Philanthropic Societies for their rum
mage sale to be held later in the sum-
mer. the proceeds Of which are to 60 70
the ninety-one charitable institutions
comprising the federation. Contributors
may leave donations at 226 West Thirty
eighth street. at Temple Emanuel. Fifth
avenue and Forty-third street: the Beth
FL Sisterhood. 32s East Sxty-second
street or the Spanish and Portuguese
Synagogue. West SEVENTEEN street
The New York herald., 1922-07-24
GASOLINE PRODUCTION
BROKE RECORDS IN MAY
Consumption, Ouer I3, ,OOO, 900
Barrels, Also Unprecedented.

May, 1922, witnessed the greatest pro-
duction Of gasoline and the greatest in
dicated consumption in the history of the
business. according to a statement by r.
L. Welsh. secretary of the American Pc
troleum Institute.
Production reached 12.229,975 barrels.
The highest previous production was TO-
SO6,693 barrels in September, 1920. In
May. however, reserve stocks were re-
duced $4,000 barrels.
Gasoline stocks, in comparison with
the number of automobiles. are slightly
lower than the average for 1918 to 1921
inclusive.
The amount available In storage
May / for each of the 10.44S, sag auto
mobiles registered January was So
gallons. as against an average Of 81 for
1918 to 1921, inclusive.
The summer demand for gasoline is
about double the lowest demand of the
winter.
The New York herald., 1922-07-24
TWO SEIZED, ACCUSED
OF POCKETBOOK TRICK
Caught in Park Row, Where
Stumble Is Tried.

Baetino d'Baltolo of so Oak street
and Santo Scappatori of 10 Hamilton
street are locked up in Police Head
quarters charged with attempting to
swndle by the game of drop the
pocketbook' opposite the old Post Of
flee Building In Park row yesterday.
1t is alleged D'Baltolo dropped a
pocketbook with 500 Confederate bill
sticking out from its fold. Two men
from Jersey City came along and one
picked UP the pocketbook. AS he was
putting the bill in his pocket. 1t is
charged. Scappatori told the two men
he would call policeman II they did
not split
One of the Jersey men was handing
Scappatori $50 when Detectives Henry
Mugge and John Finn made the arrests.
When searched four similar 800 bills
were found on the two men, who will
he arraigned In the Tombs court this
morning.
The New York herald., 1922-07-24
LEGION CAMP ASKS FOR FOOD.
Furniture Also Wanted for Use Of
TubercuIar Veterans.

New YORK women are requested to
send box of canned vegetables. jams.
barrel. of potatoes carrots, turnips.
&C., to the Veteran Mountain Camp OF
the American Legion at Paradise Point,
Tupper Lake. N. Y. Camp chairs ham
mocks. pillows. pillow cases. sleeping
bags. sheets. blankets. knitted helmets.
socks. mittens. hand towels, bath towels,
books and magazines also will be thank
fully received
The camp will take care of tubercular
and other convalescent veterans Of New
York State. Packages should be sent
parcel post or express prepaid.
The New York herald., 1922-07-24
WOMAN HELD IN DEATH
OF BABY DENIES GUILT
Mary Tufts Says She Didn't
KnoW City Regulations.

Mary Tufts. who was arrested Satur-
day following the death Of four-month-
old baby In her apartment at SCI West
i22d street. made the excuse yesterday
" at she did not know it was necessary
to have a permit from the Health De-
partment to maintain a nursery. She
was arragined In the West Side court
aud held by Magistrate Sweetser .or spe-
cial Sessions.
Three other infants found In the Tufts
apartment were removed to Bellevue
Hospital. The child who died was Bobby
Millstein OF 222 Beach Eighty-sixth
street. Brooklyn.
The New York herald., 1922-07-24
Baby Dies While Missing
Father Has Arm Cut off

w yHILE Ira r. Moore aged 80.
wv husband of Mrs. Annie
Moore OF 14S1 East Ninety
fourth street, Canarsie. lay in a,
hospital at Albany with injuries
from an accident after his disap-
pearance from home on Monday.
their young child. Lillian. aged five
weeks. died yesterday of pneu-
monia which developed from whoop-
ing cough.
Mrs. John McGarvin. sister Of
Mrs. Moore. returned yesterday
from Albany. where she visirc.l
Moore. She said he recognized her.
but was unable to speak to her ard
tell OF the manner in which he re-
ceived the injuries necessitating
the amputation of his arm. The
recovery of Moore is expected.
The New York herald., 1922-07-24

staff. announced that on next Friday
Col. Marquis Vittoro Asinari di Ber-
nezzo. Military Attache to the italian
Embassy, in washington. will review m
infantry brigade consisting OF the
Seventy-first and the 107th regiments
Brighten. James w. Robb will visit
the camp next Sunday and remain for q
week. He will be relieved by Brig. Gen.
George r. Dyer.
The New York herald., 1922-07-24
HEALTH BELT CALLED FAKE.
Post Ohice Denies Use of Mails to
Dealer.

The Post Office Department issued an
order Saturday denying use of the mails
to A. p. Owens. 81 West Forty-fourth
street, who, 1t Is alleged. has been selling
a called electric belt with miraculous
curative powers through advertise
ments Post Office inspectors were un-
able to discover merit in the belt.
Owens had several mail addresses, in
cluding 1922 North Claremont avenue.
New York city; 1897 Hertel avenue.
Buffalo Miami. Fla; indianapolis and
San Antonio. Texas
The New York herald., 1922-07-24

CO nmanded by Col. j. Hollis Wells.
esco. ted the 106th Infantry. commanded
by Col. Thomas Fairservis. out of camp
as II left for Brooklyn.
The Seventy-first also formed in line
and escorted the l07th. commanded by
Col. Wade Hays. into camp in the even
ing. Col. Hays had about $50 men in
two special trains from Manhattan.
Col William r. Wright post chief of
The New York herald., 1922-07-24
SHORT CIRCUIT HALTS
ANOTHER I. r. T. EXPRESS
DefecfiUe Shoe Beam Cause of
East Side Line Delay.

Downtown express traffic on the Lex
ington avenue subway was suspended
for fifteen minutes at about $40 p. NJ.
yesterday when a short circuit developed
on one of the trains at 125th street.
No one was injured.
At the Interborough offices the trouble
was attributed to a defective shoe beam.
The New York herald., 1922-07-24
Milk Price to Be a Cent
a Quart Higher in August

II HE price of fluid milk for Au-
gust is to be increased 1
cent quart above the July
prices. according to the Dairymen's
League Cooperative Association.
The nesv prices on the 201-210 mile
freight zone will be: Class l.
Fluid milk for city distribution.
$3.50 hundred pounds. Class q
Milk for cream. ice cream and plain
condensed. 81.
Dealers will pay So cents a quart
for average fluid milk testing Sc
per cent. butter fat.
The New York herald., 1922-07-24
OLD SEVENTH REGIMENT
IN CAMP AT PEEKSKILL

The 10Th Infantry. formerly the
Seventh Regiment. n. Y. N. g.. arrived
at the State Military Camp in Peekskill
last night The Seventy-first Infantry.
The New York herald., 1922-07-24
BANTON LAYS STOCK
LOSS TOLACK OF LAW
Prosecutor Finds State Control
Would Have Saved Big
Sums to Creditors.
SINGLE ITEM is $1,331,0OO
Rankrupts' Books Show How
: One Firm Welched on US.
Z Deposit Certificates.
SINGLE ITEM is S1,331,O 900

In the case of one failed brokerage
firm alone the investing public might
have been saved 1881. 900 by super
vision of brokerage concerns such as is
exercised over banking institutions. ac-
cording to a statement issued yesterday
by District Attorney Joab II. Banton,
who discloses the fact that this par
ticular concern had the temerity to go
short on United States certificate of
post; in other words, to bet a prime
Government security would decline in
value.
Mr.. Banton does not disclose what
concern he has in mind. but il Is one
OF those the books of which are being
examined by him. The amounts men
toned make it clear the house was a
large one. Mr.. Banton has not the books
1T f., NJ. Fuller & Co., but he has those
of E. d. Dier & Co. These were two OF
TIE larger houses that failed. There are
several other firms. however, that Mr.
Ranton might mean. His statement fol-
lows:
The average person does not realize
tie difficulty which confronts the Dis
trtct Attorney in investigating the
charges agairS. brokers and in having
analysis made of the brokers' books
One brokerage concern had approximate
ly 1000 books. another 500 books and
another $50 books. The District Attorney
cannot take the statement or any one
that certain of the books will or will
not show criminal conduct on the part
Of the brokers'. 1t is a matter of neces-
sity to have all of the books of the
brokers examined. This requires a long
and tedious examination of the books by
certified public accountants and an
analysis of the various accounts in order
to find which transactions, if any. are
crooked and wherein the crookedness
lies.
Il am trying to have this work done
with view to the greatest economy
consistent with the greatest efficiency
The New York herald., 1922-07-24

Had there been supervision of the
books of this firm of brokers by any
State department in July Of last year
slight investigation of the books would
have revealed that this firm was short
in its accounts of $3.50 shares Of the
value of S1.572.460. The result would
have been that, II the supervising agent
had been the State Banking Superin-
tendent. the affairs of the firm would
have been taken over in July, 1921, by
the State Banking Superintendent and
liquidated for the benefit of the GUS
toners. This would have been a saving
to the investing public of the difference
between the July shortage and the De-
cember shortage. or. in dollars. approx
mately 1881 900.
The New York herald., 1922-07-24
Firm Long Wa. Insolvent.

"As a matter of fact the books of this
firm show that the firm was insolvent
long before July. 1921. and an investiga-
tion by a supervising agent of the State
would have revealed that fact long be-
fore that month and would have saved
a much larger sum to the investing pub
lie. Had this brokerage concern been
private banking concern the deposits of
it's customers would have been saved and
the larcenies of their money would not
have occurred. Is there any reason why
we should make difference between
bankers and brokers and permit brokers
to run wild with their customers money?
"A startling revelation in the particu-
lar books above mentioned is that these
brokers went short on a United States
certificate of deposit-in the simple Ian
guage Of the uneducated investor in Wall
Street that means that. although custom
ers gave the order and paid for United
States certificates of deposit. this bro
kerage house failed to execute the order
The only explanation for the brokers'
conduct is that they must have figured
that United States certificates would de-
cline in value and they could take
chance In bucketing the order. OF
course, as have explained often, bucket
ing the orders means stealing customers
money"
The New York herald., 1922-07-24
Revelations in Accounts.

Some interesting facts are being re-
vcaled in the examination of the books
now held by the District Attorney.
las an illustration, I will give one
case. The books of this firm reveal the
following startling condition of this
firms accounts. The, first column set be-
low Is the month Of 1921. the second Is
the number Of shares short and the third
column shows the value in dollars of the
ss.a roc that were short
Grand Forks herald. [volume] (Grand Forks, N.D.) 1916-1955, 1922-05-01

.ther Tiechmann OF Fargo. cores.
,pOnding secretary. Misses Ida Swan
son OF Bismarck, Mildred Clark Of
Devils Lake, Edith Pierson Of Min>
newaukan and virginia Rosenberger.
Of DevilaAake. members Of the board
of directors. &. /
Delegates tosthe biennial conyen-
tion of the American. Nurses nsto-
citation 70 b sheld June s26 to- July !
at Seattles Waah.. were chosenH aa
follows: Misses sJ0sephine Stehnes,
Rugby: Esther Tedchmann. Fargo,
and Edith Piersoh. Minnewaukan.
Alternatess named are: Misses Vir-
ginia R~oseiiberRer and Elsie STEM
son OF Devils Lake. Misses Edith
Pierson and Josephine Stennes were
chosen delegates to the State Fed
Grafton Of Woman's clubs.
Legislative Act Endorsed.
Action indorsing the act of the
legislative committee, requiring two
years of high school work as a min
imum@ requirement for X entrance in
nurses training schools was taken by
the convention. a
Messages were ser to Miss Louise
Herman, q former president, now i'll
at her home in Kansas, who was
made an honorary member; Miss
Ethel Stanford. another former presi-
dent. now at the sanatorium at Dun
seth, and Mrs. Randall Lawrence, a
member Of the association. who is
also the sole surviving member of the
first class trained by Florence Night
ingale,
Grand Forks herald. [volume] (Grand Forks, N.D.) 1916-1955, 1922-05-01
Hear
Talk on Home
Gardening

Mrs. Frank Heath. a landscape
gardener Of ability, who resides about
four miles south and west OF Grand
Forks, spoke before a gathering of
women in the Commercial club rooms
this afternoon. Her talk preceded
the bilsiness meeting of the Civic
lea96e, and was given at the request
OF that organization. Mrs. Heath is
recognized throughout this state as
an authority on the subject of garden
ing. and particularly on flower grow
Ing. and her talks on practical gar
dening : filed with valuable in
formation for prospective gardeners.
Her Information has been gained
rom actual experience and is in no
way a matter OF simple theory.
At the meeting of the Civic league,
in progress this afternoon, the mat
ter OF Cleanup week and Membership
week are being taken up. The sec
ond week Of May has been desig-
mated as Civic League week, and dur
Ing this time an intensive cleanup
campaign and membership drive will
be put n The membership contest
is In charge of captains, those on one
side to be Mrs. Charles LeMasurier
ana Mrs. j. ". Hogan, and on the
other, Mrs. Josephine Horton and
Mrs. M. J., Cotton. The winning side
will be treated by the losers.
M. D. kannowski, superintendent
OF city parks, is one of he speakers
at h meeting today,
Grand Forks herald. [volume] (Grand Forks, N.D.) 1916-1955, 1922-05-01
Dates Of Wornen's
/. Clubs Meetings
Are Announced

The meeting Of the first district Of
the North Dakota Federation of
Women's clubs. OF which district
Grand Forks ts a member, will be
held in Larimore June 81 and 2S, ac-
cordtng to announcement. With this
exception, the various districts OF the
state will hold meetings during the
month of May.
Speakers for the different meetings
will include: DR.. II. r. Frehch, Sec
rotary Of the state board Of health;
Mrs. Lyman N. Cary, president OF
the North Dakota federation. Miss
Mary Mary ~ =. powney; director Of the
Miss Bertha Palmer. chairman OF the
art division, and Miss Minnie Nelson,
head of the states schools.
DR.. French. Miss Downey and Mrs.
Carey will visit most of the districts,
Mrs. Carey having made arrange
ments to be present at all but two,
the first and second. The national
same time as the first district meet
ing, this session being held at Chau-
tauqua, New York.
Miss Palmer will appear at as
many meetings as possible, present.
ing the work Of the art committee
of the women's clubs and also show
ing a collection Of pictures she has
PuI CIldoCO III IN HuSC v lie CluU
women of the state, and which she
is using both in her work as head OF
the art committee n in her art
work in the public schools. Miss
Nelson will speak at the Minot meet
ing at least and possibly at others.
The dates of the meetings, besides
that Of the first district, as announced
by Mrs. Fred Conklin of Bismarck,
corresponding secretary Of the North
Dakota federation. follow:
Third District-At Minet, May II.
Seventh District-At Dickinson,
May II, IL and 10. :
Sixth District-At Kuhn, May 16.
Fourth District-At Hankinsor,
May II and IS.
Fifth District-At Grace City,
May 18.
Eighth District meeting at James
town, May 10.
Second District meeting at Mad
dock, May 20.