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Anttpedes nc*t July rr August. Tho fcleral
mlrii^crs ./-.,;-!:•. ; i with the idea of. such »
x -.. the Minister of Defence. Thomas Ewinc-.
mstatt thai the presence .cf America's fleet
mouM s>* most rratifying to all Australians.
■ v. fe-.-l that our future in Ul • l'.v*'i>." he said.
-.:« bound up with thai of the filial Slatos."
tm m several reasons for the satisfaction
felt 'or \»stra!ia;i-. rremier Deakta MM not
-atierir.i: tJie Amorican people in the comraum
ra*:«a which b» addressed la thiir srovcrnment
threW;i Consul General John P. Bray here last
December ■ IWII the warships to come to this
rwnr?or cf ti^c = !,,I>,. In i:is loyltatlon he said:
• NV> other federation in rr.o worl.l possesses ■•
many taHttWl of likened to that of the United
«• -•. .is does the Commonwealth of Australia.
nn-3 I doubt whether any two, peoples rould be
--■- «] ■ are la MM touch •«««• each other
rvr.-? - likely to benefit MM by anyth.nc that
trnd« to 3cr.it ihcSr relation? more closely."
fTJLBM FniEXDSHIP FOR AMERICA.
Ikwtnlfma of al! rta-e*. indeed, have ■ de
cided UUinp and admiration for Americans, due
to sentimental, commercial and even political
rau^c In the flr.=t place, M Australasian ■«»«-
M»en and ■■■*'■■ not infrequently observe
tvlienover the till Ilia of Asiatic immigration to
Australia comes up. or that of Australasian na
tional defence. America is the nearest Caucasian
r.«ichl>or and friend which the Commonwealth
has. This fact lias added strength because,
M«cakln« broadly. Australians are almost super
t^nsitivo over Asiatic proximity, prestige and
influence: and. whether there is prround for such
feolinjr or not. they are apprehensively mindful
afl their jrr*>at physical reparation from any
connate pooplo. This feelinir. it may be added, is
| ri ml by leading politicians, especially those
In the powerful I alar party, and it includes th?
Japanese, altogether regardless of the Anglo-
British alliance. •
The Americans will not have left their coun
try's smiling little landlocked harbor at Pa?'t
I^co. with its walls of tropical verdure and its
jolly natives, far behind before they ill be
greeted, doubtless, by British warships and e«
«oned to Sydney. Sydney is the headquarters
of Givat Britain's South Pacific fleet and a
naval base of much importance, and the welcome
which the visitors from the United States will
have will he overwhelming from the moment the
splendid battleships pass the Heads to Mar- a'
"War Cove until they steam out of what Is re
tarded as the most beautiful harbor in the
.In-! prior to the Russo-Japanese war a Japan
rie fleet vlsitod the cUe( Australian ports under
command of Admiral Kamimura. It was cord
iaNy •■..■•.•d. chiefly by official Australia, which
represented the Crown and made much of the
representatives of England's ally. But the
Americans" visit mV. be less formal and much
anon- hearty. In 1001. when the armored cruiser
Brooklyn, comparatively fresh from her triumphs
off s^ntiagr. and yet bearing scars of that fight,
visited Sydney and Melbourne to represent the
Vnitod Ftatei! at the founding of the Australian
Commonwealth, she was visited by thousands of
3>ersons. v:\tn were loud in thoir praise of her
and of her country. This experience^ will be
many times repeated when the Beet arrives here.
Sydney offers natural advantages for eater
■ ■iaiaial much beyond those of Melbourne, but
the latter will not allow her rival to surpass her
in warmth of gr«-et:ng or fooling. Melbourne
j.rides herself or, being "the most American*' of
Australian cities, and she will strive to live up to
that reputation when the Americans are here.
frhik plans arc not yet made, it can be said
that the entertainments in Sydney will be rather
moro on the naval side than those here win be.
Sydney -,- fond of sailors, and the American
« rews will not have cause to complain of their
fctsy. Melbourne's round of enjoyments Kill be
somewhat more circumscribed, but this city la
sti'l tlie Serai capital, and Melbourne in the
s-^ason is ..... of tho gayest of places. It is more
than probable that sports of all k;n^-for Aus
iraiia is devoted '"' out " dour life — will play
jin important part in the «'ntertainmeiit to be ar
j-K;:gej for the Americans. The visitors will
arrive just when th*» Australian baseball season
—for th« .•>• play that game In the Commonwealth
• — v. ill tw at its height, and there are other sports
in plenty for those who may wish to vary the
round of social entertainment with something In
tht w*y of more robust pastime in the open air.
AMERICAN CREWS VISIT PANAMA.
PananiH. March !"•. — Lieutenant Commander H. I-
Cone and the i<(h*T Bcrrs and ■>;.- of the Ameri
ca!: ton»»d«« fKitiiia ■.- d< liplited with their •-•■■•;
lion hero. This nioruin^ the rjestroyers >nov«-d up
«!o.«-r to I'aiiasna and no bow within the BMW
limits lii- • i.i i" i-;--:. to visitors every after
noon, frrun I to i o'clock.
All the mm of tbe fiotilia are proud of she record
which th«? little boats have made The dt-stroycrs
arc in practically as good condition as when they
left the I'nifd J~tat"«=.
1-ast erenlng the oSlrers of the Beet attended a
danw at the Tirol! Club, where they met many
prominent citizens and the city and canal officials.
TiHrc-vas a baseball game to-day 1 between a nine
from tlie destroyer Stewart and a local team, and
later csrery man who could t><- sjiarr-fl from the
t«oals went to see :i bullflght, in which men and
women v* re In tl:.- ri:ig.
MALTA HOPES FOR VISIT OF FLEET.
>J*)i;<, Mar-!: li— The announcement iluit ;■i <■
American fleet would make a trin around ; lie
world iias been .... ■■„.'.:■■■
s!iou!.J tbe r.'-r-t vi?:i Malta. U^ reception •• 11 '•■
In the !i; nds of >!•«> military authorities, as the
Kcditcrracean 6eel is al>ye::t frora Junt until Oc
THE KAISER'S CONGRATULATIONti.
l-otidon. March li.^—X dispatch to "The Daily Mai! '
from Berlin Bays that Jh" Emperor •-• 1,1 warm per
prnalcongratulations to President lioose^'olt oa tiic
■« nl of TV- Ik** ait •■--'- Kay ahead of
prbedute I Inf.
- -'-IAN COMMENT ON THE CRUISE.
St! IvtMTfcursr. March 15.— Th» "Slovo"* Bays that
the return of ih* American fle< ( as announced is
; v «r-T>sßtion:il as Its «Vp*rture for ibe Pacific Ap
parently*, • --.••'.-. danper t«f war
Tnxf <JiKapp^r< i 3. jjikj «ddj-: "While this arouses
<■ 'r sa^faotion iti Ivirono the preservation of
X" ■*■ «■ if due •■ t!r> display of the big !«ti.-k of th*
i:ti:t«J Ptai">-. the priHs<Tice of Japan an-1 the gruyl
tjjtQtxa »•! tlre^it Bri*ain."
The "Kovoe says: "Whatever the "rig
ir:il purp^^^ the <ru>e has done a useful service
I.v a jiufciic examination of the American navy.
We T'^l<l that tbe I'M HIM of Uh V. ■' t I • ■-■ away
Jrorn our yiior!-^. where it v.ould : - ••••» with the
heart iert welco:n*."
EXiLE FOR HAYTIAN INSURGENTS.
Paris. March 13.— 1t is reported hew thai as a re
mit of the representations sf the French, British.
German and American governments, the President
of Ilayti has contented to allow General Flrmin.
ihe leader cf the insursents, and tan others who
lock refuge in the various consulate* at Gonaivea
»>nd Port-a-Paix. after the (allure cf the prising,
to leave the island on condition that they agree not
i Shopping hy
Do you shop i
HEW YORK TELEPHONE CO.
15 Dry Str**t
SCHWAB WITH MORSE.
WILL HEAR IIIS SHARE.
' Former Banker Tells Htm lie Plam
to Retire with No Debts.
j Charles W. Morse, through Bagenc P. Carver,
; of hl« counsel, gave out last night a lons state
ment. In which li(» told how he intended to re
habilitate his affairs and pay nil his Indebtedness.
i According to the statement, the former tanker
, expects to have enough after settling all "just
; debts and moral obligations" to enable him to
I live the rest ot his life "by rigid economy." Coun
sel refused to state -what Mr. Morse's ideas of
I "rigid economy" were or how much the eliminated
i financier expected to have left.
Mr. Morse says he purposes to fisrht In "every
! honorable way." a::«l hopes for a speedy disposal
I of the criminal charges pending against him both
in the federal and county courlp. In regard to
the bankruptcy proceedings which arc pending
. gainst baa, he reiterates his announcement that
i he will prove his solvency. In case he is over
j ruled on his demurrer as to the rights of the three
petitioning creditors, whose position as legal bank
: ruptcy petitioners he doubts, he says be will de
j atand a jury trial and carry the case, if neces
! sary, to the United States Supreme Court.
Charles A. Honna, receiver of the National Bank
i of North America. Mr. Morse says, is "simply the
temporary receiver." Mr. Hanna refused to com
• ment on this statement last night, but it is pener
j ally understood that hp is the permanent receiver.
i Mr. Carver issues for his client a genera] threat
j to bring suit against any and all persons who
j may make any statement in the public press
• tending to injure Mr. Morse or the Morse securi-
The statement says that Charles M. Schwab in
tends to share the "full burden of responsibility
thai may belong to him, whether legal or moral,"
in connection with the suit which the. receiver has
brought against the directors of the National Bank
of North America under the Horse regime to re
cover losses alleged to have seen Incurred in stock
The statesssnt says:
Mr. Morse propose?, and believes that he is able
I with the co-operation of his creditors, to pay all
of his fust debts within a reasonable time, and to
i pay also such moral obligations as may be deemed
by him and by us to be of that nature, leaving
sufficient, by pcsslbly ripid economy, to enable mm
to live the rest of his life. We propose to fight
in every honorable way. invoking such legal rlKt;ts
and remedies :;«= we may have, to accomplish that
purpose, even if In so doing we are obliged to bring
actions, defend actions or take my other course
which we consider necessary- In relation to the
criminal matters, of which there are some Pend
ing, both before the courts of the United States
and the state courts of New York, we shall hai! a
quick determination of those questions, both as to
matters of law and matters of fact. We have had
a conference with the United States District At
torney, and he ties. res. as we do, to see first what
legal rights the government has under that Indict
ment, and we shall Me an exception, and possibly
motions, in relation to the jurisdiction of the court.
■ demurrers raisin? questions of law and a motion
in regard to tbe quashing of the Indictment. We
hope during the week of April i to argue the mat
ter before Judge Hough.
Then the statement says that "Mr. Raima Is
pimply the temporary receiver, appointed under the
authority of the Controller of the Currency, and not
under the authority of any court." Regarding the
bankruptcy matter counsel says be does not believe.
that any of the three persona Is a creditor who.
under the bankruptcy act, can petition Mr. Morse
Into bankruptcy. On this point it says:
Resides this certain acts of bankruptcy are
alleged in the petition, one of them being in re
lation to the R. A. C. Smith Judgment and the other
- rt-latlnc to a preference alleged for the '' M '!'
• nth Street Bank and Philip J. Britt \\ c un
derstand that the R. a. C. Smith Judgment will
■ be opened. and if the same is not opened we
shall go into a hearing on Tuesday to nave_lt
opened In which case all defect Is cured. We
da not think that the alleged preference of the
Fourteenth Street Bank and Mr. Britt is a fraud
i ulent preference, and we doubt if such a prefer
' ence, for many reasons, if it is a preference,
would stand, even without bankruptcy proceed-
Prior to the bankruptcy pioceedings certain
friends of Mr. Morse raised $100,000 to assist
him In such matters as mipiit bo deemed neces
sary It has been stated that certain people,
among whom was Calvin Austin, had certain
notes In the Bank of North America, and that in
. pome way or other they wore mixed up with
;Mr Morse. Mr. Morse assured me when I came
•' here that he. could purchase notes- for a certain
sum of money. We had repeated conferences
I with the receiver and Mr. Morse without result.
I then went back to Boston and returned to each
person advancing the money the amount places
in my hands.
The statement says that Mr. .Morse and his
"immediate relatives and friends" own between
4-1 and 4." per cent of the stock of the Bank of
North America Regarding the bank counsel
In relation to the Bank of North America it
might be interesting- to know that Mr. Morse and
}.:> immediate relatives and friends in the East
own somewhere between 40 and -1 ■< per cent of
the stock of the bank, and that the receiver has
stated publicly that the bank will pay all de
posits In full.
.' Mr. -Morse «nd Mr. Curtis feel that the first
duty they owe In the matter of the Bank of North
America is to pay off th*- deposits in full, and
have already taken steps, and are now engaged in
an endeavor to raise a syndicate to pay these
depositors In full, either by the purchase of re
ceiver's certificates or by the fectual payment of
tiio. money into the Bub-Treasury of the. United
Slates; and they feel assured that this can be
■ lone at an early date, and trust that none of the
depositors will part with his receiver's receipt
at less than its face value.
In regard to the suit against the directors of
tlie bank, we have not made a full and complete
legal examination; but if. on such an examina
tion, as far as Mr. Morse is concerned, we believe
that there Is a legal liability, we shall recommend
to him that he assume the liability to that ex
tent. We have not conferred with the other di
tors, with the exception of Mi. Schwab and
j his counsel, and we can say that Mr. Schwab's
disposition is to share the full burden of re-
Bponoliadlity that may belong to htm. whether that
oi>liKatiorf»4>e a strictly legal obligation or simply
a moral on*:.
In relation to the suit which is brought against
Mr. Morse on the alleged dummy loans, we deny
any liability in relation to any of them, and
w<_'u!<l say. furthermore, that one of WwijLi loans
was in an} respect a dummy loan, but the per
son whose note is In the bank was paid Value re
ceived for toe amount of the same, Our proposi
tion in relation to the National Bank Of North.
i America Is to pay off the depositors. hold a di
rectors' meeting, elect a stockholders' agent, call
j a stockholders' meeting, confirm the action of the
| directors, deposit the funds in the Sub-Treasury
! of the United States to pay Off th« depositor.-., and
j wind up the bank at the minimum expense for
the. lit-!,; of the Rtockholders.
CANT SMOOTHE OVER BROWNSVILLE.
■ In a prologue to his evening Bermoa last nlirht
Ihe It^v. r*r. It. C. Ransom, pastor of th. African
: Methodist Episcopal Bethel Church, in West 2.".th
etreet. said President Roosevelt In his dealing with
ll. e Brownsville affair "rivalled that, great Russian
general, Kuropatkin. in his masterly retreat from
Moukdcn.*' He said hi pan .
In November, 1906, President Roosevelt issued a
certain order. hut be was very careful not to i?.sue
it until after Election Day. dishonorably discharg- '
ma ■■< battalion of l"niu-d States infantry. In that
order lie '■ .•■•.• debarred the members of the [
battalion from holding any civil office in the United
Now, what has happened? Committees have re- j
ported. We tod the majority report unable to lix i
the blame on any one. but to save the President
It says that the shooting was done by some mem- j
l.ers of that bat t alien. But it is remarkable that !
;fter a. searching investigation not one man has i
been found guilty. Now the President asks Con- |
cresn to extend the time for one year in which to |
allow tbe soldier who can prove that he was In- I
nocent to be restored.
What It the real reason for this change In tJie.
attitude of the President? The real reason is that
a Large number of Southern negroes will be dele
gates to the national convention to nominate, a
President of the United States. Theri will be also
; , l«rc«* number of Northern nog roes at the rolls In
November whose vote will hold the balance of
.. If President Roosevelt or any one else believes
th:.t (i. soldier of that battalion will ko to the
I'resid'nt or to the War Department or to Con
gress to prove himself innocent, he Is wrong. Con-
Kresa must • Instate the battalion and pay thorn
for every hour that they have been out That only
I will satisfy us and will be something like Justice.
The aswafeer said the negroes would not take Sec
•'• try t.i: for their candidate, but wanted a man
TO TALK ON BROWNSVILLE.
There will be an Interesting session of the Re
publican County Committee on Thursday night, the
monthly meeting, if Gflchrist Stewart, the negro
member, who some time ago brought up the
Brownsville Incident, insists upon ■ vote on his
: :,.--.: iiio: ; . Tata resolution, if passed, would place
I thr- county committee on record as asking fop the
I reinstatement of the soldiers dishonorably dls
} charged after the riots at Brownsville, it was
i placed ti 1 the table when in -i introduce I, but Mr.
Stewart l:i-« told his friends that he will attempt
i ... force a vote on the question at the meeting "•>
! Thurt&ay. Friends of Secretary Taft wish to avoid
; a o.'scussion on the subject at this time, while, on
•lie oiNm lian'l, the opponents of Congressman Her
*b«t Parson*! are anxious to embarrass him l»y
NEW-YORK DAILY *-<aiBrXE, MONDAY. MARCH It. 100 S.
HU&fIES TO PUSH BILLS.
1 , : ;U-J
Wants Direct Primary Nominations
and P. S. C. Laze Changes.
[By Telegraph to The Tribune. 1
Albany. March 15.— fisht^for the passage of
the anti-racetrack gambling legislation seemingly
won, two issues remain in the success of which
Governor Hughes is deeply Interested. These are
the recommendations made in his message for the
adoption of a system or direct primary- nomina
tions and the amendment of the Public Service com
missions law to include telephone and telegraph
companies. For the enactment of these recommend
ations into appropriate laws Governor Hughes will
do battle if the occasion arises, according to the
judgment of men close to him.
Apparently both these propositions are sleeping
deeply now. The Assembly Judiciary Committee
by a decisive vote has refused to report the Green
bill for direct primary nominations, which was
drafted by the counsel to the Governor. Two or
three bills designed to include telegraph and tele
phone concerns within the jurisdiction of the Pub
lic Service commissions are in committee, hard an .<
fast. The Legislature seems to have the idea that
the Governor put these recommendations into his
message more or less perfunctorily, and would be
content to see a final adjournment without any
decisive action taken on them.
Never was there a greater mistake, if his
friends read him aright. Governor Hughes be
lieves in getting results, and taking the most
important tasks first. Hughes men say his opin
ion was that the abolition of professional gam
bling at racetracks was an absolute, pressing
need, a thing to be accomplished before the less
urgent task of changing the primary elections
system, or even of amending the Public Service
Commissions law. Vet never for an instant has
he had any idea of not pressing these issues to
pasage by every legitimate means at his com
mand. His friends in the legislature expect
that just as soon as the anti-gambling bills are
shown to be certainly out of danger, the Gov
ernor will remind the Legislature that he has
recommended action on these other important
questions, and they would not be surprised to
have him test the sentiment of the public on
these propositions in a speech or two.
Hughe* men here say the Governor expects the
direct nominations bill to become law this ses
sion. Surely he will have a hard battle to bring
this to pass. There is much talk here, more or
less unsubstantiated to be sure, of a combination
of political leaders in the state against this
legislation. Whether or not such a combination
is reality, there Is little doubt- that the senti
ment of the working politicians Is largely against
the proposition. Last year, for instance, though
State Chairman Woodruff has been on record
several years in favor of direct primary nomi
nptions. his Influence was thrown openly to the
.support of the Gilchrlst bill making this system
compulsory, whereas other advocates of the
proposition maintained that the surest way to
kill the idea was to enact mandatory legisla
tion. .Many legislators openly charged that it
was due to the influence of Woodruff and other
leaders that the Governor's measure, recom
mended specifically, was killed in the Assembly.
The. sentiment this year seems even more strong
ly against th" new system. ■ Assemblyman Green,
ho has the bill in the lower house, says he will
nsk some time this week to have the Assembly
Judiciary Committee discharged from further con
sideration of his measure. He hardly expects such
a motion to receive more than the necessary for
mal consideration — indeed, he is quite certain that
it will be beaten by a heavy vote. Senator Travis's
bill seems likely to stay indefinitely in the Senate
Judiciary Committee. Therefore a strong fight will
be. needed to get any action OS these bills. Gov
ernor Hughes is prepared to make this light.
It seems likely that this battle for direct nomi
nations will come next in the Governor's pro
gramme. The Public Service, commissions law
amendment — that is, one satisfactory to the com
missions—is not before the .legislature yet. Work
is being done on a bill to bring in telephone and
telegraph companies, but it probably will not be
ready for several days.
Meanwhile the Legislature will have to fight. OH
the racetrack gambling question. This will come
up in both houses this week, probably on Wednes
day in both. When the Agnew bill is taken up in
general orders in the Senate its sponsor will move
to restore It to its original form, making it take
effect immediately. From present indications, he
will have votes enough to accomplish this. The
line-up on this question will indicate pretty clearly
the attitude of the members on the final passage of
the bills, although some Senators may vote to re
tain tiie September 1 amendment who will vote
afterward for the passage of the, anti-gambling
bills in whatever form they come up for passage.
The Senate Judiciary Committee will give on
Wednesday a bearing on the amendment to the
Percy-Gray law. Now that the Codes Committee
has reported out the code amendment, the ardor of
the Jockey Club in opposing this bill probably will
be much dampened, as it is th« code bill which
actually does the work, although this Percy-Gray
law amendment will complement that work.
In the Assembly both bills have been reported
and will be taken up on the order of second reading
early in the week, perhaps on Wednesday. The;-.?
is no doubt there of their advancement. The date
of passage by this House depends on the tactics to
which the opposition nay resort, but the general
belief is that they will be adopted by a large vote
some time next week.
All the banking reform measures are down for
discussion by the Assembly on Tuesday. The Dem
ocrats seem to have their knives out for these bills
and the Banking Department la general. An all
day debate probably will result, ending in the
passage of most of the hill* some time this week.
Borne of them have been amended and cannot be
passed until the latter part of the week. This
legislation is not .so well forward in the Senate,
■•.(• school teachers' "equal pay" bill is sched
uled as a special order for Tuesday in the Senate.
It is practically the bill of last year which Gov
ernor Hughes vetoed. The school teachers' lobby
which roused so much adverse comment then has
not been prominent this time, and by Just that
much is Hie bill's support weakened, since, many
legislators voted foi it not from any fundamental
convictions on the subject, bit because promises
had been wheedled from them by seductive school
teachers. The. prospect Is that if the measure
should pass the Assembly- -which it did with diffi
culty last year— it would get no more favorable re
ception in the executive department.
Meanwhile Cue idea o> adjournment on April 10
seems generally to have been dropped. Th< legis
lative leaders are willing. The Speaker believes
l <<» house can have Its affairs adjusted to quit be
fore that date. The Senate is not in such good
shape, but might finish .i week Inter But in that
the Legislature Is reckoning without the. Governor,
having counted on killing quietly and expeditioualy
all his recommendations save the anti-racetrack
gambling proposition. The Governor will have sev
eral words to say about the dat« of adjournment
if that scheme should be carried through. If or
dinary reasonable consideration is to be given to
the direct nominations bills and the telegraph and
telephone amendment, the tirst week in May seems
a much more probable time for farewells to the
legislative halls. This would necessitate a recess
of a few days for the spring state conventions.
PROTEST FROM SKENE.
Sends Letter to Legislative Com
mittees on Highway Measure.
[By Tpl^raph to The. Tribune.]
Albany. March 15. — In a letter to the Senate
and Assembly committees on Internal Affairs,
State Engineer Skene ha* raised vigorous pro
test to the highway bill recommended by the
(special committee to revise, the highway laws.
This bill will be on the Senate calendar lor dis
cusstoa this week. Mr. Bkeaa contends, among
other things, that it must have been drafted In
the Interests of the rich automobtllsta and that
it is distinctly not favorable to tii<: farming
The State Engineer points out that out of the
$50,000,000 bond issue only $12,000,000 is left.
He objects vigorously to tha creation of a "stats
item of trunk line boulevards connecting large
cities," which, ho says, would be used almost en
tirely by automobile
i conclude - c ■ be. "thai ti^is s;;i;>' aystem
of trunk line roads, in order to stand this auto
■■ travel, whlofa it wm of nsesssity have,
wiil nave Lo be built much heavier and wider
tUa:i tii«" ordinary road, sad they will therefore
; \ei\ rraenrtTe reads to stills' It iv. there
fore clear to my mind that to build the system
of trunk lines which is laid out in this bill will
take ■ very large portion of the balance of the
Mr. Ekene says that If this system is to be built
he can't see where the money is to come from
to build the roads needed by KM farming com
munities, He believes the boards of supervisors
should decide which roads to build, and which of
them to build first. /The proposed bill, ho continues,
does not make anNtciultable distribution of the
mileage of the trunk line systems among the vari
ous counties, and therefore is unconstitutional.
Oneida County Is to get 140 miles of .trunk lines,,
Schenectady only 10, Seneca 12 and Albany 45 miles.
The bill, according to the State Engineer, would
compel every county to have a county superin
tendent, who would have extraordinary powers
over the supervisors, highway commissioners and
other town officers. This would be the most ex
pensive office in the county. Town officers would
have to get the consent of the county superin
tendent before they could spend their own money
on their own highways. Finally he contends that
this bill would raise the fax rate to such an extent
that the poorer towns could not stand the increase,
and it would drive some of them Into bankruptcy.
He gives a list of fifty-four towns whose tax rate
would range from $5 up to $26 a thousand assessed
The objections raised by the State Engineer
doubtless will be advanced on the floor by the
Democrats when the highway bill is taken up.
Senators Allds and Hooker, and Senator Tally,
chairman of the Committee on Internal Affairs,
will have adequate answers to them all.
BJXKIXG BILLS SUMMARY.
Given Out by State Banking Depart
ment at Albany.
Albany, March 15.— The report of tho Superin
tendent of Banks, transmitted to the legislature
on the first day of its session, contained a number
of suggestions for the amendment of the banking
law. Bills covering those recommendations have
SiBCC been drawn and introduced in both Senate
and Assembly as committee bills. The State Bank
ing Department to-day gave out a summary of
these bills, as follows:
First-— lncreasing cash reserve to be main
tained by state banks in the Borough of Man
hattan from 15 (pit cent to 11 per cent, 15
per cent to be carried In vault and 10 per cent
on deposit with nferve agent In other boroughs
of greater Now York the required reserve will
be \'- xix 'i per cent in vault and 12Hr per cent on
deposit with reserve agent. Klsewhere in the
state the re.serve requirement is Increased from C
per cent cash in vault and 5 per cent with reserve
agent to 6 per cent cash in vault and 9 per cent
With reserve agent.
.Second — KequirinK IS per cent reserve to be
nf-ld in cash in vault by trust companies in the
Borough of Manhattan, as against 5 per cent
cash in vault and 10 per cent with reserve deposi
tary, of which amount 5 per cent may be in
vested in certain bonds, as at present provided
by law. In other boroughs of greater New York
the reserve requirement is 10 per cent cash in
vault and 5 per cent with reserve depositary.
Elsewhere in the state, 5 per cent in vault and
i> per cent with reserve depositary, of Which 2
per cent may be invested in certain bonds.. In
estimating the reserve for trust companies trust
deposits within the control of the Institution and
time d^>sit.«, represented by certificates with] a
definite TTu« date, not payable within thirty days,
may be eliminated. The additional reserves must
bo accumulated before -February 1, 1903.
Third — Requiring every trustee of a pavings
bank to make an oath of office and file the same
With the Superintendent of Ranks. Heretofore
no oath lias been required of savings bank trus
Fourth — Permitting a savings bank to borrow
money upon the pledge of its securities by ma
jority vote of its board and with approval of
the Superintendent. This provision is in the in
terest of depositors, as it will avoid a sacrifice of
value, by forced sale of securities in time of tem
porary need. >
Fifth— Providing that securities of savings
banks be carried on the books at their Investment
value, ascertained by amortization, and so re
Sixth— Requiring amortization of securities in
mal i" i^ the earnings of savings bank* from
Which dividends are declared. This amortization
Will provide for a gradual extinction of premiums
or discounts on all securities owned by savings
ranks ho as to bring then to par at maturity,
avoiding valuation based on market fluctuations.
Seventh— Creating the office of third deputy, sal
•<>'..' :at th ' department may be represented
in the New \orok branch by one in authority, en
abling proper organization at the branch office in
the metropolitan district within which four-flftha
the banking power of the slat e is concentrated,
Eighth— Providing for meeting of directors of
banks and trust companies at least once each
month, at which meeting a designated officer shall
submit to each director a written statement of all
purchases and sales of securities and of every dis
count and loan of more than $i.' M Xi made since the
last meeting, standing on the books at the time of
such meeting, describing the collateral at the .-late
of the. meeting at which such statement is sub
mitted. This statement will also show the aggre
sate of loans to a single interest whose liability
has been Increased since the last meeting. A verl
tu-d copy of such statement, together with a list
of the directors present at the meeting, is tiled with
the records of the corporation and is evidence of
the facts stated therein. -
Ninth- Reducing the maximum of any secured
loan made by a bunk or trust company- in Man
hattan from 40 per cent of the capital and surplus
to 25 per cent. Prohibiting any underwritten loan
unless the underwriter shall have paid on account
ol the purchase of these securities collateral to the
loan an amount in cash equal to at least 25 per
cent of his obligation. Prohibiting a loan of this
character if its term exceeds the period of one
year, and limiting the amount of such loan to 26
per cent of the capital and surplus. Prohibiting
loaning upon second mortgages if the. amount of
the first and second mortgages exceeds two-thirds
of the value of the property, or if the first mort
gage exceeds W per cent of the capital and surplus
of the bank or trust company making the loan.
Limiting the aggregate real estate loans for banks
in Manhattan to 10 per cent of the total assets and
to 25 per cent in other places. Prohibiting the de
positing of funds of a bank or trust company with
another Institution unless designated by a majority
of tile directors, excAsire of any director who is
an officer, director or trustee of the depository bo
designated. Prohibiting loans secured by the stock of
moneyed corporations If the total loans so secured
exceed in the aggregate 10 per cent of the par
value of the capitatl stock of such other corpora
tion. Prohibiting building and loan associations
from ioiiic a second mortgage business.
Tenth — Permitting safe deposit companies to
open branch* upon the approval of the Superin
tendent of Banks.
Eleventh — Prohibiting branches of bank* un
less there be in addition to the capital required
for incorporation a like amount for each branch
up to $100,000. Six months' time is given to
make the adjustment. The superintendent Is
given authority in his discretion to withhold au
Twelfth— Prohibiting branches of trust com
panies unless there be In addition to the capital
required for Incorporation a like amount for
each branch up to $100,000. Six months' time
la given to make the adjustment. The superin
tendent is given authority in his discretion to
Thirteenth — including \inder Section s*>.T of the
Penal Code, providing limitation* on foreign cor
porations, loan or investment corporations, build-
Ing and mutual loan corporations or associations
or co-operative savings and loan associations.
Fourteenth— Amending tin Penal Code to make
it a misdemeanor for any officer of a banking
corporation to maintain a deposit of moneys
belonging to the corporation with another
moneyed corporation with the understanding or
agreement that a loan or advance is to be made
In return therefor. Also it is made a misde
meanor for an officer to intentionally conceal
from directors transactions of the corporation
as required to be reported. It is also made a
misdemeanor for an officer or employe of a trust
company, by agreement expressed or Implied to
alter the terms of time certificates or deposit.
Fifteenth— Providing for publication of notice or
intention to organize a bank and requiring the .su
perintendent to determine the character and gen
eral fitness of the incorporators and whether pub
lic convenience and advantage will be promoted by
such an organization, upon which information lie
may grant or withhold authorization.
Sixteenth— Requiring a director of a bank upon
re-election to include in his oath of office the dec
laration that the stock necessary to qualify htm
as a director has i,ot been hypothecated during his
Seventeenth— Providing for the valuation by
amortization of securities hold as capital invest
ment of i^ust companies. Prohibiting trust com
panies from owning stocks of other moneyed cor
porations, the par value of which is In excess of 10
per cent of the capital of such other moneyed cor
porations. This does not apply to the stock of sale
Eighteenth— Prohibiting mercantile establish
ments from doing a general deposit business.
Nineteenth— the superintendent authority
to correct unsafe practices, extending power to
take possession under certain conditions to all cor
porations to which the banking law Is applicable.
The causes for the dissolution of .1 corporation are
distinctly enumerated, and the proceedings for th«»
liquidation of tailed institutions are fully set forth,
the Superintendent of Banks being given prac
tically the same power to liquidate the affairs of
an institution under his supervision (is the Con
troller of the Currency lias under the national
banking net. This measure enables more adequate
supervision and should afford expert administra
tion of the affairs of failed Institutions, enabling
prompt resumption when possible «cd reducing the
expense of receiverships.
WONT DEBATE WITH WOMEN TEACHERS.
T !■ challenge to debate th* equal pay proposi
t...i, issued by the women teachers has bsan re
(used already by one of th* four men's association*
challenged. Henry C. Moore, president of th)
Male Trachers" Association of Brooklyn and
Queens, has Informed the women teachers that
his organization refuses to bm*l them in debate.
COXDEMXS AXD PRAISES.
Dr. Van Eeden. of Holland, Distin
guishes Between Socialists.
Dr. Frederick Van Keden. the head of the com
munal settlement at Walden. Holland, who Is •••
oraged in spreading his ideas here, called the Social
Democratic Parly of Holland. In an address at the
West Side Young MSB'S Christian Association yes
terday, irreligious, fanatic and dogmatic. At the
same time h9 stood up for religious socialism, for
the Golden Rule "In business and other life and for
the ideals of youth carried Into ail life.
He had no hard ; words for capital as capital. or
the accumulation of great fortunes he would apply
a check. Be expressed amazement at the spirit of
tho American business man. his rtceptlveness.
willingness to learn of new Ideas and lack of the
sordidness and self-seeking which the Kuropeans
pictured as Inherent qualities of the American.
Dr. Walter L. Hervey, of the board of examiners
of the Hoard of Education, introduced Dr. Van
Eeden. Dr. lasi mj said that Uncle Sam did not
take as much care of his men he did of his
mules. The men were not as carefully trained and
did not come of as good stock, he said, referring to
a view he had at one thae of an array expedition
In the West against Indians. He made thid appli
cation general, and then said that the people
wanted to know the reason. They wanted to know
about the square deal. Then he introduced lac
Dr. Van Bsssa began by saying that in civiliza
tion at present there was a. divorce between religion
and business. He would force them to a happy
marriage. They should go through life together.
Persons should not be t:i slaves of words, lie then
said, referring to socialism. He continued:
1 have been told that my ideas are vague. I
cannot tell them in an hour I could not tell
them all at the Carnegie Hall meet W hen I
first began to announce my intention in Holland
I was urged to join the Social Democratic party.
I would not do .so. They are striving to change
the laws to bring about the social change. They
have the class consciousness, they are irre
ligious, fanatic, dogmatic. 1 wish to try to
change things through individual experiment.
Those who believe with me do not wish to wait
for the laws. It is not necessary. We are with-
In the law. But we can work together in a war,
like the workmen at each sad of a tunnel. We
will meet in the middle. In this country I have
found that the laws are making for socialism
With more effect and with greater speed than in
any country in Europe.
Dr. Van Eeden then told of his efforts In Holland
which met with failure because the enterprise at
tained to such magnitude that he felt himself in
capable of managing It, and win he purposed en
gaging a competent business man he was opposed
by the labor leaders, who subsequently hampered
a man he did engage to such an extent that there
was a break-up. He renewed the effort on safer
grounds, he said. Then be went on:
It would never do to limit fortunes to th* dead
level. Every man should have according to his
abilities. We will not have to tight capital as such.
Wo need capital. Hut we would limit fortunes,
prevent interest. There could then be no great ac
cumulations In the hands of a few. Capital is the
ci.lld of labor. We want to keep the child near th.:
father, and must do away with the pos-sibl- tyr
anny of th« few. It is nor. necessary to have a
revolution to accomplish this. It can be done
The effo'rtß at communism here have had no influ
ence on business. Present conditions were not con
sidered They too often took the early Christians
as th'ir model. "Let us do what Jesus did." they
said That was not only harmful, but also blas
phemous. To ape Him. to imitate Him in a me
chanical way is a sin. We should set his words hi
our hearts. There was no capital as now under
stood in Jesus's time.
We want co-operation, but not of the Social-
Democratic kind. We want nor. alone the distri
butive but also the productive. The latter fcl
vital in our scheme. We want to know wno
makes what we use. We will have no nnddi.
man to eat up the profits. There is no nation
that can carry this out better and quicker than
the American. In our plan there will be no waste
of production. No one shall have so much that
he can exploit his fellow man. To carry this
out we must be business men. but religious men
at that. I have been amazed at the feeling, the
good will, the willingness to learn, of your busi
ness men lam an optimist by profession, but
never hoped for the kind of reception I have re
ceived here, nor the encouragement. It was
worth 8 dozen voyages to America.
Dr. Van Keden was impressed with the re
ligious life here, but paid M was all for Sunday.
More of the spirit of the ancients and of the
Middle Ages, ho said, should prevail, then con
tinuing, he said:
The inclination in this country to dr. the richt
thing 1 have found to be tremendous. II »as
far beyond my expectation. You only need a
start. * When your great capitalists who now
work with such all consuming energy to add to
their already great wealth once start in to work
for the common good, for humanity, they will
be as eager in the new pursuit as they are now;
they will be as eager for results as they now are,
and the consequence will be marvellous. It will
mean a quick revolution in conditions that Is a
less enthusiastic people, a less good hearted
people, would take ■ century to accomplish.
The questions came thick and fast when the
address was concluded, but nearly all called for
elucidations. Dr. Van Baden said that there
were no tramps in Holland. In the last financial
crisis there they were compelled to work on
farms established by the government. Now there
were no vagrants. The meeting closed with the
singing of "America."
DR. MACARTHUK A HUGHES MAN.
Supports His Candidacy in Address and In
dorses Anti-Gambling Policy.
The Rev. Dr. it. S. Mac Arthur, in his address be
fore the Current Events class in the Calvary Bap
tist Church yesterday, spoke strongly in favor of
Governor Hughes's candidacy for the Presidency
and offered resolutions indorsing his action against
racetrack gambling in this state.
"Of ail the Republican candidates," said Dr. Mac-
Arthur. "Mr. Hughes alone could carry New York
State. The dissensions hi the party, the expression
m finances and the criticisms of the President com
bine to make the election of a Krpublican President
a difficult matter."
Dr. Mac Arthur in hie address said that Governor
Hughes could easily carry the New England States
in an election for the Presidency.
"Instead of seeking Presidential honors," said
Dr. Mac Arthur, "Governor Hughes is utmpJy at
tending to his official duties, and the eyes si the
whole people, are fixed upon him at this time.""
Resolutions in support of t' - antl-ra<-etn«ck
gambling bills now before the Legislature were
unanimously adopted by the class.
URGE PASSAGE OF AGNEW-HART BILL.
Twenty parish organizations of laymen, princi
pally in the diocese of Bishop Potter, seal yester
day to the Legislature at Albany, tan i tho Fed-
ration of Church Clubs, resolutions passed by them
\upinK the passage of the. Agmew-Hart aatl-iace
truck gatnblins bill.
TROLLEY CAR RACES 2:15 TROTTER
Owner, Offering Reward for Winning to Mo
torman, Catches Alleged Thief.
Many East New York residents witnessed a race
between a fast trotter and a trolley car In Kulton
street yesterday, in which the car won. Thomas
McCormack, Of Grant and Rldgewood avenues,
drove off with h horse and carriage owned by Will
iam Scheppelman, of No, l"4 Essex street, which
was standing In front if bis home. Scheppelman
gave chase, and at Fulton street boarded at trolley
car and with a good sized bill urged the motor
man to turn on full power.
Although the horse has a record of IS, the car
overtook the rig. and Scheppelman held McCormack
In the carriage while he drove to the Userty ave
nue station, where he was turned over to the police
on a charge of grand larceny.
TO CONSIDER ALDRICH BILL.
Further action in opposition i.> tlie Aldrich cur
rency lull will be taken at | meeting of the com
mittee OB commercial law sf the Merchants" Asso
ciation, to be held early this week. The coii'mit
tee has canvassed the country for the sentiment hi
different financial circles toward the AMrish bill,
and it was s-al<i that the communications received
thus Cat have expressed almost unanimous opposi
Resolutions opposing t'ae Aldrich bill reached the
association last Saturday from tho Hoard of Trade
of St. Paul, the Chamber si Commerce of Rich
mond, Va., and the National League of Commission
Merchants of the I' nit «•■! St.i.- - th* last Indorsing
the Fowler bill.
[Higher in Price, j
H ighest in Quality I
\\ \ Tailor A « «.. \*»v. -<) Kwti I
HUGHESS BAY STATE MANAGER TALX3
In Statement Attacks President, Secretary *
Taft and Latter"3 Indor3er3.
IBy Tc>sraph ta The Tribune. 1
Boston. March l-"». — Ex-Attorney Genera] A. 15.
PUlsbury, Massachusetts manager for IBM fAjsJas]
campaign, issued a statement to-nicht in which h<i
attacked President Roosevelt, Secretary Taft ami
prominent men who have BBSS ' the Taft boom
for "conspiring Is force the nomination of Seer*.
tary v.i ft by halssi , over the heads of the voters
; . threat of President Roosevelt taking the nomina
tion himself rather than let It ko tr> any other
voter." Mr. l*il!3bury criticise^ the President for
his continued silence on the "Taft or Teddy" argu
ment heM out if the Taft campaign mana?<T3 an
a. "menace" that the Secretary must be nominate*
aa the only alternative to a rrncnUnation, el ths
"The President's continue'! slleno on this
question." Bay* Mr. PiUsbury, "means ettfcer that
h<» i.: willing to have the statement used to pro
mote the Secretary's nomination, while adhering
to his declared purpose not to accept a renomi
natlon. or that he is willing to have it '■'""■ at
all event*, whatever the consequence. In either
case, the use of this menace imputes to the Pr»sl
dent a want of candor which hi.-* countrymen
have not been accustomed to ascrib* to him."
TO ISSUE STATE CONVENTION CALL
Democratic Committee Will lleet for This
For the specific purpose cf is?uins a <-al! for th*
state convention to fleet deleeatea to the r.atlocal
convention the Democratic Stat«; CcTnr.iitte- win
meet at the Hotel V;--- 188, In this city, on Thurs
day. It Is understood that April V> is tlie date t'nat
probably will be selected for the state cOßTest&n
and that it will fee hold in Albany or Syracuse.
There was some talk la*t night oj a possibility
that the name of 'AViltiam Jennings p.ryan rn!;h:
be brought into the committee rneet'.r.? either *y
the friends of the Nebraska s'tate^man or tiw
"antis." The latter are In favor ct an mstroctrt
delegation, and SSI ot them ar~ in favor Sf fOKBBJ
the hands of the fri'-n'is of Bryan hy off?rin? a
resolution that the deleeatea to Denver go uiun-
On the other hand, some of the mora radical
IJryan men say that It is tim« to foroe l!i° ' :'.:''■
In favor of their leader In thi* stat--\ and tt has
been sßSsested that th«y nnsrht Introduce sow*
tort of resolution which would force, a ;.r.»-ts3.
it is known that Tammany Hat] «lo> j nor w:?h to
ale •■ itself on record on the Erjan question at this
W. I. WARD TO EETTHE, IT IS SAID.
Not Expected To Be National Committee
man Another Term.
William L. Ward. Republican National Comstit
tecman of X«>w York, has decided. It is understood,
not to be a candidate lor re-election id that otflc?.
A White Plains pap^r quotes Mr. W»rd a? say'ns:
•No. I am not and shall not be a candidate for na
tional committeeman asrain. I hope to so to Ch:
caeo, and will do »:vrrythin~ i can t-> help th*
party, but I cannot afford to give bd the who!*
year to politics, as I did the jcar Fr^i'i-nt r.oose
velt was elected."
Since Mr. Wards: election a* national commit
t"eirian he has been appointed one of th« reeel»«a
cf Ifilßken Brothers, a st?"! corporator!. His
duties with this concern, together with the man
agement of his own larse mamrfactartes ir.ter'sw
at Port Chester, take up about all cf his ti.Tie.
There is a movement on foot. it. waa learned yes
terday, to <■:- ■■■• Mr Ward and Congressman Jofca
K. Andrews as national delegates to Chiragifc
They will probably be for Governor Hughes. »Sth.
Secretary Taft as secend choice.
MAY HOLD CONVENTION IN SPRINGFIELD
IBy Te'eip-aph to The Tn»n- ]
Matf.<.. March 15.— Thomas T.. H!.-
S-:n. who made t'.ie remarkable run f"r CorezOM
on the Independence League ticket la-~t fall, and
who i-; prominently mentioned as Indepeidenc*
League •■■••: President next fail, an
nounced to-day that it was probable the national
is ■■■■ of the Independence party will t»
held in this city. 31: Hispen sayj that he would
prefer to run for Governor of this state *•■*■
IS be could receive the Democratic Indorsement.
He received in the election las* fall mor? voW3
than Henry M. Whitney, the regular Democratic
THE LAST OF THE ALPHA CLITB.
Republicans of the Old Sixth. Engulfed
by Tammany, to Disband.
Then h-n't enoujrh uncovered earth in AnttU D.
down around sth street to make it worth white
planting a.bii of rosemary. Even if they brought
a bit of soil and pat it out in front of No. CB BOS*
of the neighbors wouldn't know or wonldn't car*
what It meant when the sisn "Alpha Club" !•
taken off the front of the li:t!.' tbrewtwrj r«*
brick bouse on May i. Once in th* old Stb Assem
bly l»i:.trict— it is now the new tth. after b«*3«
successively the l*th an.l the lith-th" ctoft too*
itself Pcrioussly. and did the politicians and '■'"
-. • ■•.•••-.•
That was back in th* late W9 and i'> ti« '"'*
and early 'SO*— the club was formed in x*?S tr
a bunch •! yesßsj tetlows. ardent KepabSfcaa* P' il
th* wave of Immigration from E'lrcr" praiu^T
swept its members uptown, and now it baa «■»
to the point wh»r«> only about a dotttl — >— - -
ar" left in the club.
Only (in? ot th*» charter rn'mber* la still en l
roll of tht organization. "f>i'-k" Smith, an emp&H
In the postal Benrice. and he» and hb f J^ f-?"?'*
members have decided it isn't worth whOa '•"* **?
up th«» semblance of the orjcantxatkm any lesser-
The house has been leased to <* physician and th*
.-:-:b «U1 dispose of the furnishings in the eWO
basement Quarters. With the proceeds. added *»
the small fund that the .tub has to It? 1 , i*
"Dick" Smith. Captain 'Ike* Konn. "Jess" Sofcts
worth, "Johnny"' Cashman. Frank Scar.nel an
the •-' of the old crowd will rave enoupn to r*
out and have a pood meat together at a *!3Lf
some pi ■!••'"' uptown wi.rre a Republican has *■■»*
yome incentive to get down to> work.
I HAVE YOU TRIED
It Is well known to be
and all disorders of
the bowels and stomach.
In full hattlt* and 4pttt4j