Newspaper Page Text
5Js ON BANKS AGAIN
Secretary Cartel Wants $45.
000,000 on. or Before July 15.
■ j ul >' 2.— Secretary Cortelyou this
1 " 11^ jounced a further call on the national
e raoonß° for Rpproxlmate i v $45,000,000. to
tack ieV °^ or before July IS. The call does not
*• ** a^aattatiai having government funds to
apply t0 c * of jr-0.000 «.r less. Of the 1.433 national
th* •**?- about seven hundred come within the
* p r****!n!tatior) and to realise W5.000.000 each of
*""*■ '■•' niJlg banks will be required to transfer
t! * T *"%t t iKjrr about 60 per cent of Its holdings.
to tie Tre^^ the amount required to meet the
*^2r2 disbursing officer*.
cSec« * M been the policy of the Secretaries of
It ' f«jn" to d p r'> ?l t government funds with the
** T '"* lv in cases of urgent public necessity, and
** nk * there only so Ion? as the necessity
* >1 "' . t this time, it is said at the Treasury
«»*'-' eat. there is a redundancy of currency in
""! * parts of the country, and although the
r< * rly ■ the Treasury, is ample for all purposes
*-''■ rv Cortelyoa decided to call in about $46,
•*••*' .j can have no disturbing effect on the
75 r«" ket > as many of the banks have such
* n ' y amount of cash on hand as to make It
* Tre % their advantage than otherwise to sur
»*t^ a portion of their public deposits, and so
*Tf the payment of the 1 per cent Interest
* t imposed by tbe currency act passed at the
f^^sion of Congrress.
turn called to-day will increase the working
*"* tv balance to about $115,000,000, leaving about
2|!«o!«» rtill in the depositors- banks subject to
«.. local government depositaries hold, accord
*, last week's bank statement, J19.059.700 ,of
* f ,,i llTiri - deposit*, and will, therefore, if .the
pVt e-ts *'* to be made pro rata by the. deposi-
I*stf«I * s tf« "throughout the country, have to return
-USB more an 56.000.000 by July IS. With the
l^Treserve of the associated banks of this city
""^diiur »' J60.000.00a. however, and money still
"riM in f' om the Interior, and with call money
I>OU . and Vi per cent and th Urn money ™ ark *' t
l \\s th* New York banks could without feclln?
if« S a drain restore to the Treasury much more
Js the largest amount -which they are likely to
wcanrf upon to pay, especially as the funds to be
. -r.*d w'.r. M & consequence of the daily deficit,
H'^eaMy pajd out again by the government. It
noted that the specific object of the Secretary
Y-.V." Treasury in issuing the present call Is to
* -jr part of the J53.0M.000 ■ per cent bonds
•"Sij, mature on August 1. but no definite in-
Tt«s«Uon as i- his Intention In regard to this point
wTreacfced this city. The last call for return of
!^e-Tner,t moneys was issued on April 28. direct-
V* payment of 520.0 M.OOO by May 9 and J25,0-».-
J^trMay 23. a total of J15.000.000.
BOSD INTEREST UNPAID.
Wheeling £ Lake Erie Delay
Arouses Wall Street Talk. '
Tb« Mercantile Trust Company received a dis
patefc from Cleveland yesterday saving that funds
*ere h*-.ne forwarded to pay the July coupons on
the $6*4.5* general mortgage bonds of the Pitts-
r .-r £ KlweMaC and Lake Erie Coal Company, a
•übsidiary of the Wheeling & Lake Erie Railroad.
It is expected that the money -will arrive to-day.
Ha trust company has received no advices in re
«rd to paying the July 1 interest on the $2,094,000
eSßtpmeat trust bonds of the Wheeling & Lake
Erie Railroad Company. The failure to meet the
interest or. these bonds has aroused unusual mm
m in financial circles, as default on equipment
trust obligations is at rare occurrence. It -was
pointed out that if the company did not meet the
interest within ■ specified time the trustee of the
fconds would, in the regular course of proceedings.
wise lhfc equipment on which the security is a
Those identified with the company said, however,
that it was not probable that the Interest due
T.ould be allowed to remain in default, as the
Mizun? ortbe rolling stock would seriously Inter
fere with the operation of the road. Before he
can pay the interest the receiver will have to make
implication to tie court for permission to do so,
tna i; is expected that this will be. done. At pres
ent the equipment bonds do not fall within the
jurisdiction of the receiver, and are not included
tmonK his liabilities, but should he make applica
tion to the court, a* stated above, the bonds would
then become a direct obligation, end would have
to be taken care or at their lull value In any re
organization plan promulgated.
During its previous receivership the Wheeling &
like Erie defaulted on Its equipment trust obliga
tions. At that time the receiver got authority from
the court to assume, the obligation, and the value
of the bonds suffered no depreciation in conse
<jueace. The only other default on equipment
trusts in recent years was that of the Toledo. Ann
Arbor & Northern Michigan Kailroad. In that case
the obligation was not assumed by the- receiver.
■afl the trustee took over the equipment and. after
1 great deal of difficulty, sold or leased It to other
roads, realizing only about half Its value. In addi
tion, it took him about eighteen months to round
tip «J1 the cars, which were scattered all over the
$3,000,000 MINE SWINDLE CHARGED.
Chicago Company Alleged Fraudulent—
aister and Manager Indicted.
Ca*a» July . -An investigation by postofflce
■teptctors .' the affairs of the American-Mexico
Mining and Developing Company, a $3,w».CwJ cor
poration, uith Its principal officta in this city,
resulted to-day in indictments ag^nst W. A. Arms,
promoter of the corporation, and "Walter S. Dillon,
employed as manager in Mexico. A system of mines
«xploited by the company and subsidiary concerns
are said by the pun authorities to be worth
less. Investors, it is declared, have been in Chl
rago for the last Pew weeks, clamoring for a re
turn of their money*.
It is charged that thirty-four fictitious dividends,
intended t<» deceive investors, amounting to more
than (£0,400, have been paid, and further that Arms
promoted the organization of the Consolidated Min
ing ana SrrK-lung Company of Maine, and through
tiitt corporation made a pretended purchase of
additional mines at a cost of $105/00 and a fic
titious eaie to the American Mexican Company for
HQAUQI It is asserted that fictitious assays and
*&!*» reports and entries were made in the books
of th» coa ?p-v for the deception of Investors. The
■tots are situated at Sierra San Lorenzo. State of
EARNINGS FALL; SURPLUS STILL HIGH.
Th» gross earnings of the Colorado Fuel ami
koa Company are running about 14 to 15 per cent
I*«* than a year ajco. according to « statement
"«>> yesterday '•>■ B. T. J- ff<-r- . one of- the <iir«<--
Mr. Jeffery said that the surplus for May
*ould b<- about $75,000. which If about J35.000 more
tban the surplus for the same month a year ago,
Theaa flprures ,are reached after providing fill
Merest and sinking fund charges and all o\fr
rharg»s against income, 'i n« company has cash
iz ' thb banks to pay Its coupons falling due on
August 1, and will have a comfortable balance on
BENGAL BANK AGAIN LOWERS RATE.
Calcutta. July The rate of discount of the
B&r.k of Bengal was reduced to-day from 6 to 4
«EADY FOR IMMENSE SUMMER TRAFFIC.
Preparations for moving in the summer months
•bout four hundred and fifty million passengers.
nor * than 9) per cent of the number carried in
th * whole of last year, have been completed by
th « raii,oads of this country, and multitudinous
t**W eheets Firing rate« have been prepared For
"Stance, * he Pemisylvfcnla Railroad, in arranging
"'*_**'*« movement, has made provision to handle
'-■:- mm million passengers. This result has been
*ce©sH)H«hed only by voluminous correspondence
•aor.* the lines in interest and th* preparation
®i Innumerable rat* eheets covering for the Penn
*>"Jv»xi» Railroad system nearly one thousand dif
ltr *tt stations and resort*. i»v
Wcstinghouse Plan Seems Assured
of Success—Time Extended.
The readjustment committee of the Westinghnuse
Electric and Manufacturing Company has issued
a circular. Riving the results of its recent confer
ence with the merchandise creditors', stockholders',
securities investment creditors' and employes'
committees, which dhows that the total subscrip
tions to the $10,000,000 new assenting stock have
reached J5.770,862. This amount was subscribed as
follows: By the merchandise rrr-ditors, $4.130,912;
r the company's employes, J596.650; by stockhold
ers. J2.214.300; hy the Security Investment Com
pany. ».325.00n. and by George Westinghouse. $1.
600,000. Of thu total amount the subscriptions pay
able in cash, as distinguished from those payable
from the surrender of claims, aggregate $5,634,950.
On the strength of this good showing by the va
rious committees the readjustment committee lias
announced its willingness to co-operate with them
In carrying out the merchandise creditors' reor
ganization plan and has extended the time of get
ting assents to the plan until September 1, pro
vided that the fuil conditions of the creditors be
In its circular the committee reque-ts th« bank
creditors to agree to accept in exchange for their
claims one-half of the par value thereof in con
vertible sinking fund bonds of the company at par.
For the oth»r half they are asked to agree to one of
two propositions: Either to accept 5 per cent notes
of the company in three equal amounts, maturing
respectively in four, five end six years from their
date, to the extent of 30 per cent of the face valu«
of their claims, and for thf balance assenting stock
of the company at par: or. B per cent notes of the
company maturing fifteen years from their date.
According to the circular, the committee believes
that under the prevailing conditions it is advis
able for the creditors to be satisfied with the re
duction of the existing debt proposed under the
merchandise creditors' plan and with an increase
of 56.000.000 in cash working capital. It adds that
unless all the terms and conditions of the plan as
set forth are complied -with by September 1, the
committee must proceed with a readjustment or
reorganization of the company which, if necessary,
•will include a judicial sale of the entire assets and
The report of the committee was looked upon in
Wall Street as evidence that practically every ob
stacle to the success of the reorganisation plan
had been removed, and it was the general belief
that the receivership would end on September 1
and the company be restored to the stockholders.
It is understood that the new board of directors
will include many representative bankers of this
and other cities. It is said that George Westing
house will devote his energies to the business man
agement of the rehabilitated company, and will
have very little to do with its financial affairs.
FEWEST SALES IN YEARS.
Yesterday's Stock Market Dullest
Since March 10, 1904.
Business yesterday on the Stock Exchange was
the dullest in four years, the total sales— lo9.L'6s
shares— having been less than on any full day
since March 10. 19(4, when the transactions aggre
p.ii- d only 73.383 shares. The smallest day's trad
ing- prior to that date was in ISOO.
In the second hour yesterday the sales were
less than eight thousand shares, a new record of
dulness for recent years; and in the five hours of
trading only seven issues showed transactions of
more than twenty-five hundred shares each— Union
Pacific. Southern Pacific, Reading, Amalgamated
Copper. American Smelting and Refining, Interbor
oush-Metropolitan common and United States Steel
preferred. The bond department, on the other
hand, was fairly active, total sales being C.765,000
par value, as against J2.326.000 on Wednesday. The
Stock Exchange will be open to-day, but the at
tendance is likely to be light.
RECEIVERS OUST NORFOLK OFFICIALS.
Services of President, Vice-Presidents and
Secretary Abruptly Terminated.
Norfolk, Va.. July 2.-The receivers of the Nor
folk <fc Southern Hallway to-day ordered that the
■ervfoea of the presuUnt, vice-presidents and secre
tary be dispensed with from date. All other offi
cials an retained. The order affects President
Frank EL Gannon, of Now York; First Vlce-Presi-
Aent It K. King, of Norfolk, continuously with
the road since its opening. In MO. when tie was
made general manaper; Second Vice-President G.
W. R-ttr, of Ntrf. Ik; Third Vi.o-Piesident Charles
O. Halr.es, Of Raleigh, and Secretary W. B. Gwyn,
formerly of Asheville N. C.
Counsel applied to United States District Judge
Purnell at Raleigh to-day for the appointment of
Receli er« Fitzgerald, Kerr and Wolcott as ancillary
receiver*, much of the road's property being In
As stated in the dispatches from Norfolk an
nouncing the appointment of . receivers for the
Korfolk & Sou-hern Railway Company, a plan of
reorganization has already been drafted and has
been approved by a majority of the stockholders
and bondholders of the company. This plan,
however, it was t=aid yesterday by a member of
the reorganization committee, will not be made
public tor a week or ten days. It is believed that
the reorganization can be effected without loss to
any security holders, even the holders of the
The receivership was granted on the petition of
the Trust Company of America, trustee, under
the mortgage securing the authorized issue of
125.090.900 first and refunding mortgage bonds,
the $14,000,000 outstanding of which were sold
to a syndicate. Interest on these bonds is pay
able on May 1 and November 1. and there has
l.een no default, but the company's position was
such that reorganization at this time seemed to
be a wise step.
Tiif total projected line of the Norfolk & South
ern company Is about seven hundred miles, of which
about six hundred are in operation. Construction
work lipon the remaining stretch of one hundred
miles, the most important part of which Is a
bridge mcromm a portion of Albemarle Sound, had
to l><» suspended pome time ago. In consequence of
lurk of funds. The road traverses a rich timber
country, and had expected to get most of Its
traffic from timber, but owing to the stagnation
in the building Industry the expectation of revenue
from that source has fallen far short of the esti
USE OF R. R. TARIFFS EXTENDED.
Washington. July 1. -The Interstate Commerce,
Commission to-day issued an important order ex
tending until October 1, on the application of cer
tain railroads. inn use of tariffs containing long
and short haul clauses, maximum rules and al
ternative rate or faro provisions ana adding that
no chance otner than the extension of time is
authorized in the terma or provisions of its special
tariff circular issued last January. The commis
sion also announce* that it will not grant any fur
ther extension of time in this manner either by
general order or In individual cases, but that from
and after October 1 it will adopt such means as
may be !)••'• ssary to deal with unlawful use of
AUTOMOBILE MERGER REPORTED.
[By Telegraph to The Tribune 1
Detroit. July L— lt is reported here that the
Btdck Automobile Company, of Flint and Jackson,
and the Maxwell-Briscoe Automobile Company, of
Tail y town. N. V . «re planning a consolidation. In
terest attaches t«, this report because of an al
kged movement to induce other automobile con
ternii to *nier the combination.
ST. PAUL ROAD REPORTS PROSPERITY,
! By Telegraph to The Tribune. ]
Milwaukee, July 2. — "The passenger traffic of
our road .luring June has been heavier than it
was last year," f,ai<i an official of the Chicago.
Milwaukee & St. Paul Itailroad to-uay.
"Our freight traffic lias experienced an expan
sion/Of more than 20 per cent over the record for
May, and the prospects for July are that It will
chow a still greater ratio of Increase. Our bollcl
tors report every day that some big manufactur
ing concern is about to take on more men and is
■looking for cars."
NEW-YORK DAILY TRIBUNE, FRIDAY, JULY 3,
GAS COMPANY VICTORY,
Justice Sai/s Code Affects Individ
uals, Not Corporations.
The Consolidated Gas Company won another vic
tory yesterday when Justice Erianger, In the Su
preme Court, sustained the demurrer interposed
by the company in the suit brought by the Attor
ney General to have the franchises of the New
York Gaa LJght Company, the Manhattan Gas
Light Company, the Metropolitan Gns Light Com
pany, the Harlem Gas Light Company and the
Municipal Gas Light Company annulled on the
ground that they were used unlawfully. Justice
Krlanger in his opinion Bays that the matter of
subsidiary rights or secondary franchises, if ex- j
lstent, is for the municipal authorities to contend
with, and of no concern to the state.
Justice Erlanger holds that the section of the
code under which the Attorney General brought
his suit applies to persona and not to corporations,
and that the present suit is not maintainable. He
alFo declares that he cannot a«ree with the At
torney General's contention that he can bring a j
quo warranto suit under the common law, and ,
that he must seek his remedy under other sections J
of the code if the charge that the defendant used I
a franchise in violation of the law be true. Con
tinuing, he says:
True, it is not sought in this action, as was at
tempted by the Attorney General's first effort, to
judicially extinguish the life of the defendant by
annulling its corporate existence, and that the
endeavor is merely to oust it of the right to main
tain its pipe lines in cci iain sections of the city. I
In this action the Attorney General is attempt
ing to do precisely what he sought to accomplish
in the first instance, with the exception only that,
instead of asking for a decree for the annulment ,
of the charter, he restricts the relief sought to
an attack upon the right to use certain secondary
franchises, rights and privileges. I do not think i
that he can in this way successfully evade or cir- ]
cumvent the force of the decision of the Appellate j
Division and prosecute this suit ■without leave of
Justice Erlanger then sustained the demurrer
and gave judgment In favor of the gas company.
TOLEDO, ST. LOUT 3 * WESTERN.
1908. 1907. 180«.
Third week in June... $62,471 $96,387 $67.75(1
July 1 to June 21 8.718,425 4.086,434 '4,014,320
CHICAGO & ALTON.
Month of May —
Gross earnings (751.028 $961,177 $*22.121
Expense* and taxes... 643.600 636.030 «86.512
Net earning*. $»05.328 $325,147 $133,309
July 1 to May 31—
Gross earnings $11,131,716 $11,639,299 $10.674,537,»
Expenses and taxes... 7.632,796 7.608,489 7.562.301
Net earnings 11 mot $3.5&&920 $4,030,810 $3,112,178
CHESAPEAKE & OHIO.
Month of May —
Number of miles. ...... 1,827 1.827 — — — -
Gross earnings $1,817,629 $2,390,939 $2,196,342
Operating expenses 1,180,802 1.540.96» 1.362.752
Net earnings $636,737 $844,970 $843,590
July 1 to May 31—
Gross earnings $23,919,847 $28,368,180 $22,106,433
Operating expenses 15.829.036 15.129,335 13.579,024
Net earnings 11 mos. $8,090,811 $8,236,845 $8,827,409
INTEROCEAXIC OF MEXICO.
Month of May- *
Number of miles 736 736 736
Gross earnings $004,975 $639,356 $546,962
Operating expenses 406,732 447,517 420.479 i
Net earnings $398,243 $191,839 $226,483;
July 1 to May 31—
Gross earnings $7,108,149 $6.572.255 $5,839.66.'* 1
Operating expenses 4.087.015 4,832.81* 4.100,452 |
Net earnings 11 mos. $2,121,134 $1,739,419 $1,739,218
Month of May — •
Number of miles 711 844 884
Grose earnings $620,161 $821,549 $737,121
Operating expenses.... 343.987 530.979 433.466]
Net earnings $276,174 $290,570 $303,655
July 1 to Mar 31 —
Gross earnings $7,599,079 $7,734,338 $0,6f>3,330
Operating expenses 4,958.902 5,158,437 3,720,430
Net earnings 11 mos. $2,641,077 $2,575,901 $2,933,880
NATIONAL OF MEXICO.
Month of May — |
Number of miles 1,730 1.730 1.730
Gross earnings $1,204,394 $1,5*2.701 $1,272,108
Operating expenses 132.418 1,024.046 7G5.00S
Net earnings $471,976 $558,745 $507,100
July 1 to May —
Gro»9 earnings ...$14,438,620 $14,468,342 $12,668,784
Operating expenses.... 9.156.428 9,261,736 7. 794.
Net earnings 11 mos. $5,253,192 $5,2015.006 $4,864,659
NEW YORK, ONTARIO & WESTERN. .
Month of May —
Number of miles 546 540 540
Gross earnings $692,772 $405,070 $554,410
Expenses and taxes... 440,613 4K»,445 393,545
Net earnings $252,159 $214,025 $160,865
Net charges 59. 751 75.978 71.111
Surplus $162, $138,649 $59.764
July 1 to May 31—
Gross earnings $7,881,231 $7,476,114 $6,562,584
Operating expenses.... 5,113,967 5,113,4!»4 4.500.66S
Net earnings 11 mos. $2.2f17.2«4 $2,302,620 $1,755.(*18
Charges 031.331* 822,731 777,003
Surplus $1,335,925 $1,639,88» $978,910
Month of May — '
Number of miles 9,423 9.214 9.147
Gross earnings $9,228,258 $11. 231. (MM $5.!t75.274
Expenses and taxes... 6.350,837 7,900,983 6,929,101
Net earnings $2,877,421 $3,330,023 $3,049,173
July 1 to May 31—
Gross earnings $114,717,613 $114,099,972 $96,401,903
Ex;«nses and taxes... 82.384,282 74,782.907 63,885.010
Net earning* 11 mr*. 532,333,331 $40,218,065 $32,516,802
Number of miles 5.6.83 5.426 5,354
Gross earnings $5,846,593 $6,957,342 $5.66)>.931
Op. exp. and taxes.... 3,077.790 4.120,263 3.260,543
Net earnings $2,768,808 $2,837,079 $2,380,388
July I to May —
Gross earnings $60,908,048 $69,044,015 $61,774,261
Op. expenses and taxea 40.967.450 38,296,081 33.056.088
Net earnings 11 m 05.525,940,593 $31,347,934 $26,118,173
Month of May 190 S. 1907. Changes.
Operating revenues... $164,431 $197,632 Dec. $33 221
Operating expenses.. 129.164 145,134 Dec 16,970
Net oper. revenue. $35,267 $52,518 Dec. $17 251
Taxes 8,400 7.500 Inc. 900
taxes deducted... $26,867 $45,019 Dec. $18,151
Net mlscel. debit or
credit to Income... 6.443 6.552 Dec. 109
Bal. avail, for Int. $20,424 $38,466 Dec. $18,042
Interest 31.350 647 Inc. 703
Deficit $10,928 »$7.819 Inc. $18,745
Eleven months ended May 31 —
Operating revenues... J2.035.788 $2,238,900 Dec. 5203. 1 1 2
Operating expanses... 1.505,261 1.006.097 Dec. S'J,S36
Net oper. revenue. $470,527 $033,803 Pec.5163.27«
Taxes 94,434 82.500 Inc. 11,904
taxes deducted... $376,003 $551, Dec 5175,210
Net mlscel. debit or
credit to Income... 34.957 89.053 Dec. 4.096
Bal avail for int. $341. 13« . $612,280 Dec.5171.114
Interest 341.330 337,113 Inc. 4.217
Denc t I $194 $175,137 1nc. 5175,331
FORT WAYNE & W'AHARH VALLEY.
Month of May — 1908. 1907. Chang**.
Gross earnings .... $107,100 $101,012 Inc. $6,178
Expenses 63.537 «>.»• Inc. 2.772
Net $43,853 $40,447 Inc. $3,406
Gross y Varn°ln^s a . .. 8 !~ $505,166 $461,970 Inc. $43,196
Expenses .. 295.131 284,757 Inc. 10.394
Net earn. 11 moa $210,015 $17-7,213 Inc. $32,802
'To Whom It May Concern.
VTOTICB IB HEREBY GIVEN THAT THE ESTATE
i> of ■ James H. Breslln has sublet to George T.
Stockham (formerly manager of the Hreslln) the
Hotel Wolcott. Thirty-first street. Manhattan. New
York City, and that said hotel Is now being run by
said George T. Stockham an the only person interested
In the business thereof.
Date.l New York. Juno Ist. 190 S.
EVELYN M. BRESLIN,
As Administratrix of James H. Breslln, deceased.
GEORGE T. STOCKHAM.
For Both — City.
iiif nriii.n7 SCHOOL cf i.Avr.rAons.
UadUon Square (1122 Broadway.)
Harlem Branch. 848 Lenox Are., near 127 th Sl_
Brooklyn " 7$ Court St.
SUMMER SCHOOL AT ASBURT PARK. N. J.
Teacher* Hot to all plaoea »li:.ln hundred mil**.
For Young Ladles — Country.
Mrs. S. J. LIFE. The Misses STOWE. Ry>. -Ne« i -■■
MORAVIAN SEMINARY rV)R GIRLS, BETHLEHEM,
Pa. FounJed 174 H. 151Uh year opens Sept. 23rd.
Address J. MAX HARK. D. P.. Prln.
For Both Sexes— Country.
LOOKING FOR A SCHOOL OB CAMP?
YOU CAN FIND the SCHOOL WANTED
by writing School Agency, 530. 41 Park Row. New York.
IK V lllvl INSTITUTION
115 Chambers St., ■. ~T .
The Jnistees have declared a dividend forth*
•iz months ending June 30th. 1908. at tha r.U of
FOUR PER CENT.
per annum, on all sums from $1 to 8,000
entitled thereto under the by-Jaws, payabla
on and after July 15th. 1908. ,
Deposits made on or before July 10th
■Will draw interest from July Ist, 1908.
W H. B. TOTTEN, President I-',-* ;'.
GEORGE B. DUHMUO, Secretary
B E.TENER.Jr..Chairman of Finance Commltte.
INDUSTRIAL SAVINGS BANK
51 Chambers St., New York
The Board of Trustees has declare!
a semi-annual dividend at the rate of
FOUR PER CENT.
per annum on all deposits entitled
DEPOSITS MADE OX OR BEFORE
JULY 10. 1908. WILL DRAW INTER
EST FROM JULY IST. 1W«. ■ ]p .v
THOMAS M. MULRY. President.
JOHN J. PULLEIN, Comptroller,
EAST RIVER SAVINGS BANK
280 BROADWAY. NEW YORK.
Th* 120 TH SEMIANNUAL. DIVIDEVD ha«
4f\f been declared at the rate of four
UXT\ per cent, per annum on all sums
/\J entitled thereto. Payable after
July 20. 1908.
TVirp'vmTS M*DE OX OR BEFORE JtXY 10TH
?«E£dRAW INTEREST FROM JULY IST.
DICK S RAMSAY. President.
CHAS. A. WHITNEY. Secretary.
114 th Semi-Annual Dividend.
June Oth. 1908.
The Trustees of this Institution hart declared In
terest at the rate of
FOrR PKR f-ENT.
per annum on all .urns not exoeeJln-r $3,000 Twining
on deposit during the three or six months ending on
the 30th lnst.. payable on an,l after July ' 20th. 1»OS
Deposits made on or before July 10th. 1903. will
draw Interest from July Ist. 1908.
JOSEPH BIRD. President.
FR\NK G. STILES. Secretary.
CONSTANT 11. BIRD. Ass't Secretary.
SEAMEN'S BANK FOR SAVINGS,
1 74 and 76 Wall Street.
THE TRUSTEES HAVE ORDERED THAT INTEREST
be raid to depositors entitled thereto under the by
laws and In accordance with tha Savings Bank laws, for
the six months ending June 30th. 1008.
On accounts not exceeding three thousand dollars at the
rate of FOUR PER CENT, per annum
Payable on and after Monday. Jul^Mgu »£ iMellt .
GEORGE M. HALSEY. Cashier.
New York, June 23th. 1908.
Deposits made on or before July 10th will draw lntereet
from Ju!v Ist.
UNION DIME SAVINGS INSTITUTION
BROADWAY, 32D ST. -XD 6TH AVENUE.
GRKELEY SQUARE. NEW YORK.
Interest FOUR Per Cent.
PER ANNUM, from $5 to $3,000. Credited July Ist.
payable July 16th or any time later.
Money deposited on or before July 10th draw. Interest
from July 1. 1008.
CHARLES E. SPRAGUH. President
FRANCIS M. LEAKS. Treasurer.
WILLIAM G. ROSS. Secretary.
North River Savings Bank
31 W. 34th St. bet.. sth & 6th Ayes.
Interest credited July Ist, 1908
FOUR PER CENT
per annum, on deposits entitled thereto, on
$5. to 53.000.
S Deposits made on or before July 10th win ;
draw Interest from July Ist.
Samuel D. Styles, President
Frederick N. Cheshire, Treasurer
Charles F. Turton, Secretary
Open 10 to 3; Mondays 10 to 7; Saturdays 10 to 12.
120 th Semi-Annual Dividend
UNION SQUARE SAVINGS BANK
formerly the Institution for the Savings of
No. 20 Union Square.
*. DIVIDEND has been det-lar.-i for the three and six
months ending July 1. 1908, at the rate of
FOUR PER CENT.
per annum on all sums from $5 to $3,000. payable on
an DB a r f OS r iTS I madb ok or BEFORE JULT 10 vtum
draw interest from july 1.
D 1 FRANK M. HL-RLBCT, President.
W)i H. KOCKWOOD. Secretary.
JOHN T. WEEKS, Cashier.
W EML.KN ROOSEVELT. Treasurer.
Open 10 to 3, Monday 10 to 7. Saturday 10 to 12.
THE BANK FOR SAVINGS.
IN THE- CITY OF NEW YORK 1908 .
280 Fourth Avenue. June ISth. 1908.
178 TH SEMI-ANNTAI. DIVIDEND.
Th . -nrurd of Trustees has declared an interest dlvi-
for°the Ax Month, ending June 30th. IPOS at the
aenu «»Vnrß pfk CENT per annum on all sums of
II 00 and up ward* entitle,] I thereto, and payable on and
af The J d!v\!end- w?M Bb.8 b. credited to depositor, as prin-
C ' P D a epo J sHs ma^on or before July 10th will draw
interest from July 1-V-gg^J TRIMB LE. President.
CHARLES A. SHERMAN. Secretary.
JAMES KNOWLES. Comptroller.
Dry Dock Savings Institution
841 A 343 nOWKKY. Cor. 3d St.. NEW YORK.
The, Trustees have declared a dividend for the six
months ending June 30, 1908, on all deposits entitled
thereto under the by-laws, at the rate of FOLK per
cent, per annum on all sums not exceeding THREE
THOUSAND DOLLARS, payable on and after July 20.
19 De"posits mane on or before July 10 will be entitled
to interest from July I.^.^
ANDREW MILLS. Preald.nu
WM F PATTERSON. Treasurer.
CHARLES MIEHLING. Secretary.
GREENWICH SAVINGS BANK
M X Cor 6th Aye. and 16th St.
INTEREST AT THE RATE OF FOUR PER CKNT.
h(V PER ANNUM will be credited depositors for the
tSt^D SIX MONTHS ENDING JUNE 30 on all sum.
* ' from"ss to $3,000 entitled thereto under the by
8 b made U on 2 or before JULY 10 will draw Interest
from JULY 1. «"«- JAMEg QrINLAN rrMldent .
CHARLES M. DUTCHER. Tre*«*r.
J. HAMPDEN ROBB. I Secretaries.
FRANCIS M. BACON. Jr.. j j
NEW YORK SAVINGS BANK,
>'. W. Cor. 14th St. and Bth Avenue.
The Trustees have declared a dividend for the six
month. ending July 1. IMS. on all deposits entitled
thereto, under the by-laws, at the rate o-
FOUR PER CENT.
per annum, on all sums from.
$5 TO $3,000.
Deposits made on or before July 10th will draw In
'"•« from JU Mn.,,AM FELS INGER. President.
JAMES L WANDLING. Treasurer.
ARCHIBALD M. PEN'TZi Secretary.
GERMAN SAVINGS BANK
' HI THE CITY OF NEW YORK.
Cor. 4th Air anil I4tli Street.
New York, June 22. IPO9.
Interest at the rate of FOUR PER CENTUM per
annum will be credited depositors for the nix months
cm 1 'lft June 30. lUOB. on. all sums entitled thereto un
der the bylaws not exceeding three thousand ($3,000)
a °Deposlts made on or before July 10. IMS. will draw
interest from July 1. pAfiIMIR TAfJ Pre>l(J , nt ,
O. F. AMTHOR. Treasurer
AMKKIfAN AND FOREIGN TEACHERS' AGEUCt
supplies Professor.. Teachers. Tutors. Qovernesaea. «to.
to College.. School and Families. Apply to
Mr'a m J TnilVO-Ft'lTflK OS rTnmn <*nnitr*
~ GOING AWAY OVER THE FOURTH? -— "
Wherever you no. leave order with loral newsdealer
for the SUNDAY TRIBUNE as »«on «■> you arrlTe.
SUPREME COURT. NEW TORK COUNTY .—
ton Bank of New York City. plaintiff, v.. Ann.c
Under et al., defendants. •■ • . ,
In pursuance of a Judgment of foreclosure and sale.
duly made and entered in the above entitled acUon
and bearing date the 20th day of May. 1909. I. th»
undersigned, the referee In said Judgment named. •» 111
sell at public auction, at the Exchange Sales «•«*
Nos. 14 and 16 Vesey Street. In the Borough of Man
hattan. City, and County of New York, on the .^d
day of July. 11K)3, at 12 o'clock noon of that day. by
Joseph P. Day, auctioneer, the premise, by ijaia
Judgment directed to be sold, and therein described as
All that certain lot. piece or parcel of land, situate
lying and being In the Borough of the -Bronx. City 01
New York, and being known as lot number 30 on a
certain map entitled "Map of North Melrose. In the
Manor of MorrHania. In the County of WestcS'st»r.
New York." dated West Farms. New York. April—.
1850. made by Andrew Flndlay. Surveyor, and fll»a
in the office of the Register of the County of West-
Chester on May 18th. 18J0, and more particularly a»
scribed as follows:
» Northerly by First (now MM) Street. DO feet: west
erly by lot number 29 on above mentioned map. SO
feet; southerly by lot number 31 on said map. 115
feet, and northwesterly by Courtlandt Avenue. 56 **•*£■"
Said premise, being th« southeasterly corner of 163 d
Street and Courtlandt Avenue, and being th» sam«
premises as were conveyed to Annie Under by Louis
I.ese and others, by deed dated Jane 4. IPO*. recorded
June 19. 1906. in Liber 64. Section 9 of Conveyances,
page 464. The said premises being known by the
street number 370 East Ifi3d Street. ■■;.:"•:"
Dated New York. June 20. 1903. •
GIFFORD. HOBBS & BEARD. Refer**.
■ Attorneys for Plaintiff.
6 Nas.«au Street, Borough of Manhattan, New York-
Th» following Is a diagram of the property to be
gold the street number being 370 East 163 d Street,
Borough of th« Bronx. City of New York;
- 370 E. 163 rd St.
/ •90 ft. h
'*2 - t
; a !l»fi 1 1
g Centre Line of Block.
f , ' -•— - :
The approximate amount of th» lien or charge. to
satisfy which the above property is to be sold. !.
$43,587. with interest thereon from the 15th day of
May. 190 S. together with costs and allowances amount
ing to $387.73, with interest thereon from the 20th day
ot May. 1908. together with the expense, of the sale-
The approximate amount of the taxes, assessments.
water rents or other Hens, which are to b« allowed
to the purchaser out of the purchase money, or paid
by the referee, is $350.59 and interest. .•_..-• v
Dated New York. June 20. 1908.
GIFFORD. HOBBS A BEARD. Refer.*.
Attornsys for Plaintiff.
6 Nassau Street. Borough of Manhattan, New Tork
City. - i ..■,.■--■■-.-
SUPREME COURT. NEW YORK COUNTY-
fj Guardian Trust Company of New York, plaintiff,
against Mogollon Mountains Investment Company, de
fendant. • . ■ -• ■".
In pursuance of a Judgment of foreclosure and sat*,
duly made and entered in the above entitled action on
the Ist day of July. 190S, I. the undersigned, the
referee In said Judgment named, will sell at public
auction at the Exchange Sales Room. Nos. 14-1« Vesey
Street, In the Borough of Manhattan, on the 10th day
of July. 190$. at 12 o'clock noon on that day. by
Joseph P. Das. Auctioneer, the property and. securities
directed by said Judgment to be sold, to wit: 162.500
shares of the Little Fannie Mining Company. 162.000
shares of the Mineral Creek Milling Company.
2.925.000 shares of th« common stock of the Sliver
Creek Mining Company. 214.84* shares of the preferred
stock of the Silver Creek Mining Company. 2*5.000
shares of the common stock of the Mogollon Mountains
Dated. New York. July 3. 190*. •■--
ROY M. ROBINSON*. Referee.
GRATTAN COLVTN. Attorney for Plaintiff. No. 165
Broadway. Borough of Manhattan. New York
City, N. Y. •
Notice of Summons.
SUPREME COURT. NEW YORK COUNTY. — ADA
L. Harris, as sole executrix of and devise* under
the last will and testament of Dwißht M. Harris, de
ceased. Plaintiff, vs. Joseph H. Hoadley. Cyrus Field
Judson and Joseph Leiter, Defendants, Summon.--,
with Xotlce. To the above named Defendant.: You
are hereby summoned to answer the complaint in
thi. action, .md to serve a copy of your answer on
the Plaintiff* Attorney within twenty days after
the service of this 3ummons. exclusive of the (Jay
of service; and In case of your failure to appear or
answer. Judgment trill be taken against you by de
fault for th* rolief demanded In the complaint.
Dated. March 21st. I!>ns
WELLMAN, GOOCK * SMYTH.
Office and Postofflce address. 13 Wall St.. New York
Notice — Take notice, that upon your default tn
appear or answer the above summons. Judgment will
be taken against you for the sum of twenty-frve
thousand on* hundred forty-three 50-100 dollars, with
Interest from May Ist, 1902, and with, costs of this
WELLMAX. GOOCH * SMYTH.
To Joseph H. Hoadley: The foregoing; summons Is
served upon you by publication, pursuant to an order
of Hon. Henry A. Bischoff. a Justice of the Supreme
Court of the State of New York, dated the 2f»th day
of June. 1903. and filed with the complaint in the
office of the Clerk of the County of New York, at
the County Court Hou»» In the Borough of Manhat
tan. In tho City of New York.
Dated June 26th. l!Xl«.
WELLMAN. GOOCH * SMYTH.
Plaintiff . Attorneys.
yEW YORK SUPREME COURT. COUNTY OF NEW
J^ York. — Gerald Hull Gray, as receiver of the prop
erty of Cyrus Field Judson. plaintiff, against Joseph H.
Hoadley, defendant. Summons. — To the above named de
fendant: You are hereby summoned to answer the com
plaint in this action and to serv« a copy of your answer
on the plaintiff's attorneys within twenty days after th«
service of this summons, exclusive of the day of service,
and in case of your failure to appear or answer Judgment
will be taken ajrainst you by default for the relief de
manded In the. complaint.
Dated March 28th, KM
WELLJIAN. GOOCH A SMYTH.
. Plaintiff". Attorneys.
Offlce and postofflce address. No. 15 Wall St.. New York
To Joseph 11. Headier: The foreyolng; summons is served
upon you by publication, pursuant to an order of Hon.
Henry A- Rischoff. a Justice of the Supreme Court of the
Stats of New York, dated the 23th day of June, 1908.
and filed with the complaint in the office of the clerk of
the County of New York, at the County Court House, in
th« BorouKh of Manhattan, in the City of New York.
Dated June 26th. WEI>L3|IAXi GOOCH & PMYTH.
WELLMAN, aor»-U & PMYTH.
YEW YORK SUPRBMEJ <"OURT.— NETW YORK
X County Fortuna Machine Company. Plaintiff, vs.
Benno Fischer, Defendant.-»-Sumraons. Plaintiff desires
trial 'n the County of New York. To the above named
Defendant You are hereby summoned to answer the
complaint In this action, and to serve a copy of your
answer upon the plaintiffs attorney within twenty days
after service of this summons exclusive of th« day of
service- and in case of your failure to appear, or answer,
judgment vlll be taken against you by default for th»
rell-jf <s*rch.nded In the complaint
Dated New York. May IS. 1908.
REDDING. GREELET & c TIN.
Attorneys for Plaintiff.
Office and Post Office Address.
No. 33 Park Row.
Borough of Manhattan.
New York City.
To B*nro Fischer, Defendant: The foregoing summons
Is served upon you by publication, pursuant to an order
of the HonTcharles L Guy. one of the Justices of the-
Supreme C«trt of the State of New Tork, dared the 10th
Aa.v of June. 1906. and filed with the complaint In the
office of th* Clerk of the County of New York, at th«
Sty Court House, Borough of Manhattan. City of
* "Dated New York, June' 10. 1908.
REDDING. GREELEY 4 AUSTIN.
Attorneys for Plaintiff.
Office and Post OSsce Address.
No. 38 Park Row.
Borough of Manhattan.
New York City.
TV PURSUANCE OF AN ORDER OF HON. CHARLES
I H Beckett a Surrogate of th« County of New York,
notice is hereby given to all persons having clalma
.gainst William F. Paltnenberir late of the Connty of
'?,' York deceased, to present th« same, with vouchers
Thereof to the subscriber, at her place of transacting
K,,tine« at the office of SacKett A I.an» KQ 99 Nassau
Xt Borough of Manhattan, .in th, City of New York.
r before the 28th day of October next,
° n r£ted Sew York, the 14th day of April. 190*.
Datea ->« r>ORnTH Y M. PALMENBERO. Executrix.
oirifPTT & LANG Attorneys for Executrix. 99 Nassau
Street. Bcrough of Manhattan. New York City.
BRUSH MARY H.— m PURSUANCE OF AN ORDER
f lion Charles H. Beckett, a Surrogate of th« County
«r New Tort notice Is hereby given to all persons har-
I'cWm. against Mary H. Crush. late of th« City of
Rr^okllne Mass.. deceased, to present th« same with
vouchers thereof to the subscribers at their place of
Jransac"n« business st the offlte *< Charles P. LatUn*.
hattar. on or before the first day of September. IMB,
Stud*.* Tork, a-^^^gg-Z-ysgiiT
WILLIAM M. VAN BUREN.
- ;- . ■ Executors
CHARLES P. LATTING.
Attorney for Executors.
34 Pine St.. N. T. City. ManhatMn.
T)ROPO3ALS FOR COTTON' PUCK.— Depot Quarter-
X mutfr'a Office 3» Whitehall Ptreft. New lork City.
June- 29. 1908. —Sealed proposals. In triplicate .übject la
the usual conditlonH, will he received here until 1 o clock
P M July 14 IWS. and then opened, for furnishing an 1
delivering at Either the Chicago. Philadelphia. New York
"! nn o .tnn Depots S36.M»> yards cotton duck. 1C oz..
khaki P8?00J yard» «tton duck. l"-z. khaki. I r«f«r
•DM will b« jtiven to articles of .luii-.-iti>- manufacture,
condition, of quality and price .including in the price Ml
foreign productlor.s or manufactur*. th» duty tUereon).
r»lnr aoual Standard eair.pleß CM b« seen and «p<-cln
cau™^ Wanks for propowli and full Information wtU fc«
Sh'fcl-non aDPllcallon at this ofT.ce. Envelope, con-
Sffi *iX~?* "to b. - -si --*arsw! 'PAT
l>uck to be. op*ned July 14. lv>»- COL « M. i>. fAi.-
TEN Per*' 1 Quarterma»ter.
ON JULY 4 AND SUNDAYS
EXCURSION TO NEW HAVEN
Rnnerr. Btemmer RH'HARP PE«'K w:il leav. Pier 3«.
Eas" River »"" A M . East 22rt M . U.:W A M .
d" New Haven 2:3« P. M. Return due New Tor*
R-45 P M Two hour* in New Haven. Music. Restau
rant Lunch Counter. Tickets. Jl.OO: Children. M cents.
Thla excursion und.r F»U River Line management.
Glen Gnoko, The Switchback
FOURTH OF JULY
$1.50 Round Trip Tickets* SI 5O
CHILDREN ••'> fr.> r S
Lear* W. 23d St.. ■:»: Liberty St.. 5:30 A. M.
FOURTH OF JULY
$1.25 Round Trip Tic 51.25
CHILDREN •;- CENTS.
Leave W. 23J St.. R:5O: Liberty St.. 9:00 A. M.
$2.50 Round Trip Tickets $2.50
Leave W. 23J St.. 7:50: Liberty St.. «-nc A. M.
$1.00 Round Trip Tickets $1.00
CHELDREN 50 CENTS.
Leave W. 23d St.. 9:50; Liberty St . 9 00 A. M-
FOURTH OF JULY
/• ■ Up the Picturesque Hudson.
To West Point, Hewburgh,
Poughkeepsie anil Return
BY SUPERB DAY U>E «TF^rBKS
"HENDRICK HUDSOV.- >r\s \ORK.
"ALBANY." AND "MART POWELL.
Leaving Desbrofoes St.. 8:40. 9 40 A. M . and
1:45 p. m. W. «m St.. a oft l*)o<> a. m. and
2:00 P. M.; W. nata St.. *:», :•>-•■» A. m and
2-20 P. M. Returning. duo W. 42d St . 5:30 and
8 40 P. M. Orchestra, on «ach boat. Se« StiaDt
THESE CHARMING EXCURSIONS
M\DE l>\lt.V. EXrEPT SU>DAY.
Patrons ar» advised that Mi Jo » •«* '>.tTt
will b<» MN room on the second •*•■ up and
FOURTH OF JULY AFTERHOOH EIC.
TO WEST POINT
STE.\MEB MARY POWTIL
L«avtn* Pesbrr>sse» St. 1:45. V.'. 42d St. 2:00.
■•vV 129 th. 2:20 P. M. Arriving ■>•<• Point 5
P M wlMra connection for N»w Tort 1» m*.l»
with Day Line Steamer "UEXDKIfK lICD
SON " Excursion fare. $: o*l Also •■-■- when
buying tickets of return by any w**' Shore or
■ T. Central train, or Cent. Hud. .- f r. $1.10.
fa.lets in Camp. Public BaildinßS. «M
BY LAND OR SEA
Anywhere and everywhere your fancy
— we're ready.
Some seasonable suggestions for the
Fourth : SST: : --::<SS
Matar* mi* 3 d»T, •H.g
Atlantic City * *»*• IIS2
Thousand Inland* ....... .3 «aj» *>-<»
Thousand Island* and Ranld*. Mont
real and Lake* 9 «"■*• ss.aw
THE FARES COVER ALL EXPENSES.
Many other Summer Tour. In America and abroad.
Travel Tickets everywhere.
TO CANADA BY SEA.
P. F. •TRINIDAD" sails July 14. Aug. '■ 15. * Ron »
New York to Quebec. $45 up.
THOS. COOK & SON.
245 1200 BROADWAY. «4!» MADISON AYE..
Ma FIFTH AYE.. NEW YORK.
0 up THE Hudson
To West Point & Hewburgh
Sir. Homer Ramsdell
3LeaTes foot rRAXKUX ST- 0.00 \.M~
WEST 129 TH ST.. 9.30 A..M
■Karalng. I^t»s lEWBIKIiH «.OO P.^B.a
WEST POINT TOO P.M. -
Round Trip, 90 Cents.
DINNSK SERVED ON BOARD
ORA.VGK LAKE PARK.. «tu«t«d <•
*eantt'il Orang» Lafea. h«s o»«nr sAlert ittne
tloas this •anuner. T!»» Part Is « mile* froia
Hewlmrst. and 1» »«>ry easily and T«1.k17 r-a<B«i
br troi*Ts rmaohur rwrrj 10 nin»t". tflrectly
from toe boat landings— tins a*mMß« txtnr
sioar<«s th« a*aUooal p»«a»nre at a trolley rtaa
through a ox>«t <t»il(catfal part of Ttf country.
Kiciir^tro rt^fcer- from *«w York to .->ran*s Lake
Park. $1.13. Tickets sold on steamer.
FOURTH OF JULY
„ To CLENWOOD
UD Steam-r "Orient" from Pier ■
w r E. > near Hanover Sq "IT Sta..
at 8"0 \. M sad from foot 31at
li A St.. E. 8.. A 10:0« A. m ■■lere
lllG 1»K leaves Olenwood at .'. mi P. M
111 ** on July 4rn. and 4:3<> P. V on
Sunday. Stops at Great Neck •■
Sound July 4th „ sOc.
OUUIIU ,„„„„, SOC» Ticket.
SPECIAL SEA CUFF STEAMBOAT
The Fast Twin-Screw Steamer
ON JtXT 3D. mi <TH ANO «TH.
Leave ft. ■ 31 M St. I'»I '» '&m Cliff.
Frldav July 3rd 1:30 p.m. T:<*> p m.
«,,,*>„ Tuiv 4th »M sa. m. ::•»».■
Kay * jS Mh J«- ». tloo p. m.
Sunday July Sih ■ *:3O p. m. « no . -
Monday July fith ?.00? .00 a. m.
This service subject to fh*n»« without notice.
FARE 30c. ONE WAV. Mr. HOI '. ' TSIP. |
JVLY 20T1I TO 31VT. 190 S.
Grand Historical Pageants
stite Tl«lt of 11. R. H. Prlnre of Wale*; Display by
French. American, and British Warship*. Foreira
"rand stand imml aaM tickets for th» pa«»«nta
on «ale. Mi and after July Ist. at the oficej ot
THOS. COOK <&, SON,
245 12l*> BROADWAY. ««3 MAPI SON AT«..
r.«3 FIFTH AYR NEW YORK. *
tHIwB Long Island Sound
NORWICH I IMC • f>n Monday* Str. CHESTER W.
NUnnIUII LlNt . CUMIN Urn V\*T *t». N. R.. ft.
Clarkson »• t">:«rt a. m.: ft. of East -'-'■'• ■* 1«:45
a m for Net» Lnn.lon. connecting there for Norwich.
Flsher> Island. Srontn«rton. Watch HI!!. Narraransett
Pier Newport. Provldenc*. Boston, *<-. For »<»
Haven and Br1«!K«pori Line *«•»»•«• see regular adver
tisement. Fold*-r on request. A. <"*• P. A.. Pier 19.
N. R-. N. V _^
RED BANK LINE.
, MVi , Fraaklln St. Pier 24. N. R.. :aily. 9 A M.. '
-. M ■ Sundays. !> A. M. only for Highlands. Red Bank,
etc. &c. .V*-. Trolley to Uni Branch. Asbury Pu*
Extra Boat leaves July « »nd a. 8:30 A. V