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HSTresidf.ni nr QUEENS INDICTED tawrence Greyer to the Bar on Charge of Passing False Claim. PS RELEASED WITHOUT BAILJ Counsel Gets Leave to Examine Grand Jury Minutes ln- Ftifflcieiicy of Evidence Admitted. . . Graft hunting in Queens reached a cli y-.8-r yesterday when Lawrence Gresser. President c: that borough, was arraigned ■' Asters Justice Garretson hi the BsgaSaal - z'doun. Lens Island City, or? an Indictment -»^argia£ hna ' "'■ auditmsr p fraudulent rTsim against the city. For two months arid a half a grand jury • asS been astveas; into the charges of sandal corruption, and within that period President Gresser has s&in one after another of his rablnet and borousrh e.mploj'es arraigned on Iriictments. Thes- lesser indictments ap r^ared all to be leading to the "man hijrfcer up." Baal -wasn the announcement .»as xrisde yesterday confirming rumors a( **r-era! days that an indictment had been founo a«T2.msr President Gresser himself, it created a sensation throughout the borough. Considerable cf the sting 1 was taken out ,_cf the accusation, however, when Mr. Gres »»' was arraigned in court and his attorney": r -C?srerce Edwards, mad* a motion to dis _^siiss the indictment, anr^inp that the evi dence presented to the errand Jury was not .~ient to warrant the finding of the chare*- During- the discussion that followed District Attorney Frederick G. De Witt .stated to the court £bat he had advised the rnimfl jury that the evidence before them •"■as net sufficient. He said ho warned the grmt jury and requested them to appear before the court for further instruction, hut Instead the Jury had voted the indictment- Surprise in Both Camps. Mr. De "Witts statement caused as much * •xcirement among- the raasi — ■as-i — ■ --• the followers of "Joe." Cassidy. who hopes £Hb ? e t the ofs> p of President of Queens :n •«.-- cf anything untoward happen ingr to "Mr. Gresser. Althousrb the indictments - «re handed — court by Foreman Henry T. "Weeks of the grand Jury shortly after 11 o'clock m the morning:, '• was after 3 o'clock In the afternoon when Mr. Sresser was .rraigned. ■?!*■ had others to keep ' — company. One T2.s= former Under Sheriff .To-!-'! M. Phillips. ■'•■he helped him carry his primary fight and also assisted in electing him to the efflce of Bon President last fall. Phi! ?-ps appeared in court in answer to five in 1 '«i!ctrr!er:ts. four charging grand larceny m -tits first -.---. -■•-■ on? charging grand lar '-r-en" in the semid <3°gree. ' The other was Cornelius J. Burke, who Served as Superintendent of Sewers in Mr. <^-esser's cabinet last year. Sir. £i:-ke, Who ■"ap indicted some me ago and succeeded "?n having th* charge set aside en a techri* ealtty, was there to answer to a reindict- Trserjt charging him with attempted grand ■!arc*T!r. G<-es«er Ready with Bondsman. Phillips and Burke sen speedily disposed of, sad then President • -.-»ser was called t*» tne her. He entered the courtroom a? •^r^paiiied by his pan. Lawrence T. Gresser: i is counsel. Mr. Edwards, and John J. Daly, ■XT t ircn dealer, of Long Island City, who ~«rss ready t<? go his bail, but it turned ou: » v st llr. Da!y Tras not needed. --In reply to Mr. Edwards's motion to dis russ the indicrment. District Attorney De Tv-rr said he was willing to submit to the roort the evidence or. which the indictment «as- : .re and allow the court to pass rrrcr. the question. "I a— not -- -- to take assumption for '---• said Justice Garretson. addressing both Mr. Edwards and District Attorney T>€ "*Vitt. "The District Attorney has al -a- ■ farsiliarised himself with the cvi- Senc and if the District Attorney is will ing that The defence "hall inspect the ■dn txs M bin ray «o. I want you." — direct i-.S T»-ie remark to M*\ Edwards— **to tell »-ne wherein the evidence is insufficient. I - <3o net want thr responsibility of this mat ter put up to the court." . JMr Sd»a.rds then made ■ motion for per mission to inspect the grand jury minutes. It was concurred in by the District Attor ney and granted by the Justice. Then the .«<.-- cd bail was raised, id the District Attorney a~e~d to allow Mr. Greaser to go on his own recognizance. Justice Garref "■*n gave ilr. Edwards until Monday in which to finish its examination of the g-snd jury nir.utes and make his motion for a dtrrnisea] cf •'-•• indictment. ■Hot a Word at Uno Time." "Set a word, i — a word! I will have mm' liil to say at this time." President Sresser declared hi reply to requests for a -•atement -s-hen leading the buiidins. The indictmer.ts against both Gresser and FnHEpB gre -:r cut cf th« concreting of sev ipral culverts in the borough, at a total <-=Et of about J4.000. and the charge igamst •'rr'seser was that he audited a fraudulent <-"a.^ tor S£7S, dated August 5. for work and tra^enais furnished by John K.ron in that '""nr-fectioa. whereas the materials wer« not roniished and the services not rendered. ■Phillips wast charged with collecting '-auduient claims against the city as fol 'r^-*; August 5, JSTC icr work or. a cul *'!t of the Black Stamp Road: July 27, WO 'or 7-crk en the ,-■---■■■ culvert: September 2. Sit" for work on three cul - c— _ E iq College Po'nt; August ?, SSSS for "*"9rk on tiro culverts in Jackson avenue, KtuJ July 2T, $345 for work on culvert at r:u»h:r:?r :u»h:r:? waterworks, al! of which claims tlie indictments pror.ounce fraudulent. Bcrfce -was indicted for anempted grand «. to endeavoring to collect money for ar. inspection of ■ sewer at Rockawar Beach, which the indictment alleged was aerar made. Borough President =.---- had a ten- talk with Mayor Gaynor in tbfl City Hall before the news of his indictment "fid been made public. The Mayor wo»ild tnt d:scrss the visit, and later .said !i*> had m comment to make on the indictment. If President Gress^r should resign— which I* ixot thought to be likely at this time— *•• would file tti*i document with the City Oerki The latter would notify th« Mayor r »r>"the vacancy, and it would N* the duty " I »«i<** Mayor to forthwith call a meeting ' f -"..the aldenaen from Queens to elect a r«w Borough President. ft is said that an effort will be made v Uh the aldermen in favor at Rupert ThaEUtt. a member of the Board of SftacaZioa and a resident of Flushing. Mr. ThoaaM Is a Democrat and is reputed as *» a millionaire. AWAPDS TO POLICE HEROES. -"Jseteen policemen of various precincts throe g^out New York City, who at th*> ri«k r t.fheir lives resetted persons from death. *fT** rr P | fl medals and money yesterday at **^2ice Headquarters. To Lieutenant John J". J>» y»r. of the Harbor £quad, a gold twiil znl $25 in gold were presented. The following members of the department re- Ce * T «fl a bronze medal , and $25 in gold : Jataeß Hughee, Harry Dobert, John P. A. litEes, Joseph Ryan, James Ivory, Waah bctoa t. Hegeman. Dennis O'Meara, Elmer *■ Keily, Charles U McKJ*. Frank E. [' ZTfT < Jc!.n P. Me Andrews. David p. Hapesny, Joseph 1* Lorenz. Patrick J. ~£^\ Clarence H. Vining an<J Michael J. **— *• - L LA WHENCE GRESSER. Borough President of Queens, indicted In * Queens graft hunt. NOW SHE ? S GLAD SHE ? S FAT Avoirdupois Breaks Child's Fall and Saves Life. Isidore Saleman. four years old, who lives with his parents on the fourth floor . of No. 377 Hamburg avenue. Williams • bur?, owes the fact that he was not ; killed or at least seriously Injured last ! night to the janitor of tne house and her 240 pounds avoirdupois*. Isidore was playing on the fire escape, i when he slipped and went under the railing:. Mrs. John Pierson. the janitor. was standing directly underneath, and the boy plung-ed straight for her. hitting her a hard blow on the back. The force of his fall thus broken, he slipped in easy fashion to the sidewalk, and began to cry vigorously. This was the first intimation Mrs. Pierson had as to what had struck her. She stooped over, picked Isidore up and . carried him in the house. Then she sent for an ambulance. Dr. Hurd, of the Bushwick Hospital, responded, and after 1 an examination said that neither the : boy nor Mrs. Pierson had anything the '■ ! matter with them. Mrs. Pierson has been complaining of ! her great weight ever since the hot spell began. Now, however, she said she was very thankful for it. and would never complain again. SHARP TALK TO JURORS Judge Swarm Reprimands Them for Acquitting Prisoner. "The testimony in this case has shown how easily the immigration laws are being evaded," said Judge Swarm yesterday, .in General Sessions, during a severe repri maiM to a Jury which had acquitted Jacob Fisfcbein of violation of the actor y laws. "Foreigners come to this country to seek an asylum ■ from oppressors in their own countries." said the Judge. "They evade the laws to get in and after they are admitted they continue to evade the laws in order to serve their own purposes. ] "As for your verdict, gentlemen, I am surprised. Personally I believe the de fendant was Entity. J place no credence in the statements he or some of his wit nesses made upon the stand. I noticed further that one member of your body appeared to look with levity upon these proceedings. He was chewing gum through out the trial and appeared to fe«>l that he owned the whole jury. I regret that I can do .ing." WEARY OF BEING RA(H)TZ Leopold's Fiancee Also Objects and He Wants New Name. Leopold Bants, twenty- four years old, a. drygoods salesman, living at No- 631 East 11th street, wants to change his name and yesterday applied to the Supreme Court for permission to assume the name of Leopold Ross. Now. .-. - first jrlanoe there does not seem anything wrong about the nan-"* of Rahtz, and if pronounced -with a broad German expression it in al! right. Bat when the middle letter is disregarded it doe? not sound so well. In fact, the friends of its owner often associate it with a much de spised rodent. That is why Rahtz wants to be Boss He complains in his petition that hi? name !i» made the subject of "ridi cule and sneers." People greet him, he says, with "Her* come the rat." or, "H-P.o. Mr. Rat"" Hmrev»r, Rahtz hss born* all this to his twenty-fourth year with oommendabie for titude. Now there it • ■ powerful reason for his dep're to change his name It is this: Eta -- is mate 1 to be married next Oc tober and his fiancee objected to assuming the name of Bants She even went so far. he says, as to threaten to break off the engagement unless he changed his name to Roe=. And bo long as bis 3anc4e is ■wining to change her name the young man thinks she has a ''ch T to nay whet it shall N». OHIO MAYOR A SACRIFICE He Quit? to Save Democratic Party and Aid Harmon Boom. F3y TfteEraph tc The Tribune ] ■Newark. Onto July 14 — Democratic poli ticians to-day forced Herbert. Ath»rton, the suspended Mayor, tc resign to save their party the embarrassment of a state in vestigation into the conditions which have existed in this city. "Resign, and save the city the disgrace of an investigation by Goven or Harmon by letting Newark do hc-r own houseclean- Ing way the insistent demand made upon Atherton by his party ■ idem at a long conference in "The Newark Advocate' office this afternoon. "The Advocate" is ■ Democratic news paper that has sympathized with the saloon fitment. Th* Mayor teemed will) all slong to face a hearing before the Gov ernor and resigned only when great press ure was brought to bear upon him. "They forced me to do it." ■ lobbed, after he had left Us lends the >mo- Atherton's action in deciding not to court 0 state- investigation of his conduct en the night of the lynching of Carl Etherington— last Friday— relieves nor only the Demo cratic party of Newark from an embarrass ing predicament, but will also relieve Gov ernor Harmon from an embarrassing situa tion It has been charged that the Gov ernor has long known the conditions which have prevailed in Newark, and these as sertions could hardly have been prevented from cropping out at the hearing. Poll tician« feared they would b*> used against Harmon in his governorship and presi dential campaignr- GRANDNIECE OF TWO PRESIDENTS [Br Teleffraph to The Tribune] New Orleans. July 14.— Mrs. Mary Taylor Pos*-- a grandnieee of both President Zachary Taylor and President Tyler. diei yesterday at Grands Plantation, the home" of her daughter. Mrs. W. W, Vent re-s near Sunshine. La. Her husband wan a rieioendant of General Thomas FWy. the first United States Senator from Louisiana, who al>o forvrd en Governor of Indiana. -crn~.TOKK: "daily tkihi ye. Friday, text ttt iT?i n BANKERS SEE LESS ' BUSINESS ACTIVITY "Conservative Optimism"' the Prevailing Feeling at State Convention. ■ADDRESS BY MR. VREELAND Wouldn't Put Central Bank in Full Operation Till 1930. Date of Maturity of 2 Per Oent Bonds. 'B-- T«lc«ra.ph to The Tribtnse.] Cooperstown, II V., July 14.— The rather | hack^eved phrase "conservative optimism'" i may be used to describe the prevailing ; feeling of th© members of the State Bank ! ers' Association, who have assembled here j for their seventeenth" annual convention, in relation to the general business outlook. It is th* prediction of representative up state bankers that the coming fall will probably be a period of restricted business activity, but all hay» an abiding faith in the betterment of conditions in the not dis ■ tant future, while there is no dissent from ' the opinion voiced by various speakers at i to-day's session that the increasing ten i dency to extravagance must be controlled j and that the currency system must be. re ! formed. Cooperstown is off the main travelled road, but the registration up to the opening of the business session this morning was larger than that for any year— almost four : hundred the number was later in ! creased nearly one hundred by the ar j rival of members who aimed to reach here ' in time to attend the annual dinner this i evening. President Ledyard Cogswell called the I convention to order this morning and deliv j ered his annual address, the references in J which to the desirability of less legislation ! in the future and to the obligation on his ! hearers as bankers to use their influence in j their home cities and towns to curb ex travagance were heartily applauded. Mr. Cogswell said in part: "We have been through a little more than a year of the administration of President Tart. We have seen a long session of Con gress adjourned. We have heard, if we j have not read, the bills that the adminis ; tration has had passed by Congress. These I new laws are to be tried, out. Let us be j loyal and give them a fair trial, and hope | that they will benefit the country, but I ; am sure that we, as business men. feel t that If we were only let alone for a little while we would get our feet on solid ground again. We shall hope that the coming year will be one of quietness and prosperity. The outlook for our crops, which are the wealth of our country, is excellent. The basis' of our mercantile and manufacturing Interests is firm and solid. We have all become more conservative in our methods, compelled by our experiences in 1907. The only great menace which creates uncertainty and unrest is that of | our extraordinary extravagance, not only in us individually but as shown by the great expenditures of the nation, the state, the city and the town." ' Total Membership Now 731. The secretary, William J. Henry, present ed his annual report, .which showed that i out of more than four hundred institutions and bankers eligible for membership a year ago 143 had meanwhile Joined the associa j tion, the net gain in membership having j been 100, bringing the total to 73L The president then introduced Represent- I ative E. B. "Vreeland, chairman of the j House Committee on Banking and Currency I and vice-chairman of the National Mone tary Commission, who took as his topic, "Shall We Have a Central Bank?" Mr. Vreeland. who spoke for an hour and | twenty minutes, was listened to with the closest attention and was cordially ap plauded, a vote of thanks being given him at the close of his speech. He advocated the principle of a central bank, with the necessary modifications to fit the conditions In the United States, but expressed the opinion that it might be. wise to defer put . ting such an institution into more than j partial operation until 1330. the date of ma j turity of the government 2 per cent bonds, j the question of making provision for the | national banks' enormous holdings of which ! without heavy loss to those institutions : having been one of the most perplexing problems in the, working out of a plan for a I central bank. Important Question* Coming, Up. In opening. Mr. Vreeland referred to a. previous speaker's remark that predictions that the postal savings bank bill would not become a law had failed, paying that the bankers waited until too late to exert them selves against the proposal, not moving untO after it had been placed in the plat forms of the two great parties, being passed on by the people, and had become a pledge to be executed into law The bill of a year a§o. he went on. would have been injurious to the bankers of the United States, but he did not believe that the bill as recently placed on the statute books would be harm ful to them. Other questions were- coming up, he continued, much more important than that of postal savings banks, and on these the bankers could make themselves beard Reform of the tanking ajn^ currency sys ten; of the United States Mr Vreeland de scribed as the greatest question before the people. If his hearers could be assured of even, level business during the next ten year* their minds would be easy, but every banker took Into consideration the possi bility of a money panic There would be depressions in business, due to crop failures, to war or to other great cause* which could not be avoided but the money pastes of 1573, IS?3 and 1907 •CT.rs.re unnecessary and were due entirely to defective banking and currency methods. The other great commercial nations, with their tetter systems, had not had a panic in nearly a half century. "Branch Bank System Un-American." The free banking system, Mr. Vreeland said, under which twenty-four thousand banks or twenty-four thousand banking units have been established, had been of great benefit in building up this country, and he declared vigorously against the branch bank system as un-American. What was necessary was to correct the defects in the free banking system, which, while it worked excellently in fair weather, fell apart 1m time of trouble, when every one of the twenty-four thousand units looked after its own safeguarding*, without reference to the others. Discussing the defects of the system the speaker mentioned as the first the lack of training in finance of many bank officers, who living In small towns might bo physicians or lawyers. A leader was needed, like the Bank of England in Great Britain, the raising or lowering of the discount rates of which was an in dication to a!! of the banks of trouble ahead or ended. In the second place, bet ter protection of the gold supply was needed. Again, there must be elasticity In the currency system, for an increase of circulation to move the crops and a de crease in the spring, after the movement was over, could never be had while the banknote circulation depended on the price of government bonds. Another great defect waa in the hand ling of the reserves. No other country. Mr. Vreeland pointed out. required any cash reserve at all. ye* this country was the only one in which the currency sys tem broke down in time of need. The New York banks, he estimated, had perhaps WflO.n<Vi,finrt of money of in terior bank.-. but their average reserve was only one-half per cent above the 35 per cent required by law. In what shape would the New York banks be to respond to a sudden call for $50,000,000 or $100,000,000 from the interior They could not do it. The Aldrich-Vreeland law was not part of a currency system, but was a good law to have on the statute books until a panic proof currency system could bo constructed. Reasoning from th« expe rience of all foreign countries, Mr. Vree land said, he had been forced to conclude that centralization of banknote issues and, in some part, of the reserves was necessary for this country, and ne pro ceeded to outline a plan for a central bank which would be adapted to the United States. It should be owned by national and state banks, should have J100.0C0.000 capi tal, should be limited to dividends of not more than I per cent which would pre vent it from becoming a monopoly, and should hold a gold reserve of ■ to 40 per cent as security for its note issues. "But," the speaker added, "if we can't form a central bank free from politics and from great financial interests we don't want it. (Applause). European countries have done it fifty or sixty years. Cant we do !t?" Mr : MoH May Be President. Following Mr. Vreelar.d's address nomi nations ware called for, but the committee was not ready to submit a report It is possible that Luther W. Mott. the present vice-president, will be named for president, and Stuart G. Nelson, vice-president of the Seaboard National Bank, New Tork, for chairman of the executive council, witn the vice-presidency still undecided. It is also understood that the retiring pi militant of the Fourth National Bank, of New Tork. and Hiram R, Smith, president of the Bank of Rockville Centre, will be nominated as members of the executive council of the American Bankers' Association. In the evening occurred the annual dinner of the association, where addresses were made by William A. Prendergast. Control ler of the city of New York, who described the present methods employed in admin istering the nnancial affairs of that great municipality; David R. Forgan. president or the National City Bank of Chicago, who spoke on "Golf and Banking" ; the Rev. Dr. James S. Kittell, of Albany, and Thomas A. Daly, of Philadelphia. An interesting incident of the afternoon was the reunion of members registered at the first conven tion, in 1894, who, to the number of about twenty-five, gathered at luncheon around a big table on the hotel piazza overlooking the lake. NO POLITICS IN FINANCES Controller Prendergast Says New Era in City Has Begmn. [By Telegraph to The Tribune. 1 Cooperstown. N. T., July 14.— Controller Prendergast of New Tork. In an address de livered to-night before the New Tork State Bankers' Association, made the emphatic announcement that so long as he was chief nnancial officer of the city the practice fol lowed by preceding administrations of al lowing political considerations to affect or dominate the conduct of its finances would be entirely discontinued. The day has passed, he intimated, when ability to con trol a city department enabled a political boss successfully to maintain his political sway. The complete success of the recent city bond sale the Controller attributed to public appreciation of his candid exposition of the condition of the city's finances as he found them when he assumed office. This candid exposition was contained in a statement issued by the Controller in March of the present year, and was largely based on revelations contained in a series of articles on "Hidden Chapters in City Finance" published in The New- York Tribune during the month of October last. The Controller also graphically outlined the results of his efforts hi the last six months to place the conduct of the Finance Department on a practical business basis, and intimated that it was his intention to introduce a number of radical reforms in the future conduct of city business, such as the more frequent collection of the tax revenues, the perfection of the audit and bookkeeping systems, the closer and more complete inspection of claims and the appli cation of the principle of standardization to the purchase of city supplies. The Controller's Address. The Controller's address was. in part, as follows: The administration of the finances of the City of New York is one of the greatest riscal problems that confronts the people of any community in the world. It is incon ceivable that such a problem should be af fected or dominated by political considera tions, but such has been the history of New York finances during many different ad ministrations. To divorce politics from city financiering is the present duty, and to prosecute that duty to the utmost Is th«» obligation to which I have addressed my self. Party government is a feature of cur national life, but party government can subsist and be made effective without its In fluences being permitted to course through the channels of the ordinary business func tions of the government, be it national, state or city. Bureaucracy in the conduct of the city's affair: has been used as the mainstay of the political system. The ability of the boss to control this or that department, or even an important integral division of a de partment, has frequently accounted for the success of his political sway We have reached a time when bureaucracy must only be used for legitimate ends and boss- Ism must give way to competent and en lightened leadership Such leadership makes for the prevalence of sound prin ciples in Government and efficiency In ad ministration. No other kind of leadership is required and none other will be tolerated by the people. The office of the Controller is distinctly twofold in function. Under the city charter he is the genera! financial manager of the city, and he is also the administrative head of the most Important single depart ment of the city government. Upon as suming office it appeared to me that the first duty I owed the city was to explain, without excuse or equivocation, the exact state of its financial affairs, so that the citizenship of the city and the investing public should have a correct view of its financial condition. With this in mind 1 statement, giving the ultimate results based on actual figures, commitments and estimates as of January 1, 3 910, was pub lished, and in this statement there ap peared for the first time an explicit setting forth of the question of deficiencies due to uncollectible taxes which had Deea financed try the issue of revenue bonds or loans from other funds. I believe that the city is en titled to candor on the part of its officials. and that anything less than candor is a betrayal of the trust imposed by the public in such officials. It has been a matter of great personal gratification to realize that the public has appreciated this attitude or mind on the part of its fiscal officer That ;ood results have followed this policy of candor Is shown by the absolute success of the bond sale of Marcn 21. 1910, when J50.000.Dd0 of bonds were oversubscribed nearly four times, the premium on this issue h^inp $210,000 greater than the premiums derived by the city upon a larger issue during the first six months of 1909. On January 1. 121?. the city of New York owed for account of land liability the sum of 115,000,000. made up of unpaid awards and the accumulation of interest. This was a legacy of previous administrations. When large bond sales had been held in previous years no serious effort had been made to liquidate this enormous liability of the city. Immediately upon the success of the bond sale in March of the present year I issued instructions that these liabilities should b<» paid in the order in which they had been confirmed by the Supreme Court. In three months more than four-fifths of th» total liability had been discharged. Compelled to Borrow to the Limit. Taking up the question of the charter re quirement which compels the city to bor row large sums of money each year in an ticipation of the collection of taxes, the Controller pointed out that in the past the city's necessities had been such that finan cial officers had been compelled to borrow to the very limit permitted by the charter without taking into account the inevitable deficits dn« to uncollected taxes. The ef fect, he said, was that deficits were con stantly piling up. bo that in 1916 there was a deficit of some $36,0iX).0n0. Although legis lation was secured to fund this amount* only 13.000,000 was funded between the time that legislation was obtained, in ISO*?, and the beginning of the present year. In the mean tim« the deficits were continuing each year, to that when the present admin istration am into office last January I M deficiency amounted to 539,000,000. From th* proceeds of his v first bond sale the Controller explained that he had funded $3,000,000 of the deficiency, and it was his Intention from the proceeds of the next bond sale, which he expected would take place late in the current year, to found $2.C00,0C0 more, so that by following this policy of refunding the entire deficiency would be wiped out wit bin eight years. Ha had been asked why he had not made an effort to refund the entire amount during his present term, and his answer had been that he was of the opinion that such a course would overstrain the city's energies. This condition of affairs was first made public through the columns of The Tribune in a aeries of articles dealing with city finances just prior to the last municipal elections. After the accession to office of, the present administration Controller Prendergast made an investigation into the facts published by The Tribune, with the result that they were corroborated and officially issued in the Controller's state ment. Revenue Bend Issues- On the question cf revenue bond issues the Controller said he was firmly of the opinion that, if it could possibly be avoided, the city should never avail Itself of the full limit of its borrowing capacity, but that a reasonable margin should al ways be left to represent probable deficits in tax collections. The tremendous strain on the financial energies of the nation ren dered it increasingly difficult to find within tho home money market all the means reccssary to meet the city's requirement, and with a view to relieving these con ditions he had secured legislation at Al bany empowering the city to issue ordinary bills or certificates of indebtedness, similar to those issued by the London CQunty Council, in lieu of revenue bonds, because these ordinary bills were more salable in foreign money markets. In this manner he had been successful in extending the city's market for temporary borrowings. Owing to the burden of duties which had devolved on him in the last six months, the Controller Intimated that he had been unable to complete the formulation of plans looking to a further improvement of the present method of making temporary borrowings on revenue bonds. He could say. however, he was strongly of the opinion that the city should, by appro priate legislation, avail itself at regular intervals during the year of its tax col lections. He believed that the present policy of making practically- all collections at the end of the year was entirely un scientific. After describing the loose methods and utter absence of control in the bureaus of receipts and expenditures in his depart ment. Controller Prendergast indicated the scope of the improvements which are being carried out under his direction in the audit ing of receipts and expenditures and in making closer and more thorough the in spection of claims against the city. Expected to Save City Millions. This new system of audit and inspection, he predicted, would not only save the city millions of dollars, but would result in the handling of claims against the city in a manner which would materially reduce the time now required to audit claims for payment. It would also insure the elimina tion of any favoritism to those having a clost.- knowledge of the system and nullify the friendship of officials in securing pay ment of claims ahead of those less favored or who possessed less knowledge of the former methods of accelerating the work of auditing claims for payment. Briefly the Controller outlined the work that was being done by a special commit tee charged with the task of standardizing specifications and contracts for the pur chase of supplies. The scope of the work of this committee was prodigious, and, while little more than preliminary work had yet been done, there was good reason to believe that the ultimate result would be the evolution of a scientific system which would save a vast amount of money each year which was now lost because of the lack of such a system in the purchase of millions of dollars' worth cf supplies used by the various departments of the city government- Speaking generally of the city's credit Controller Prendergast said that greater New York was ushered into existence at a time which marked the beginning of a period of great economic evolution. No period in the history of the world had been marked by so many evidences of persona! and government outlay and extravagance as that of the last twelve years. The area now comprised within the sjreater city. representing some 32*5 square miles, is com posed in a large part of that which was farm lands at the time of consolidation. The hopes of the people as to Improvements in public utilities had been heightened by the arguements used in favor of the greater city, and thope hopes, together with the extravagent tendencies of the period, had their results. Communities which in ordi nary circumstances would have been satis fied with the proverbial red school house and country roads, demanded and received schco! buildings typical of the mot ad vanced stages of American civilization and we U paved city streets. And this Illustra tion held good «o far a? almost every other form of municipal activity was concerned. It was inevitable, therefore, thai the period since consolidation should be marked by a tremendous Increase hi the city debt, although the assessed valuations of real estate and her own possessions had also grown apace. Consolidation repre sented a merging of cities and country town's; and the task of the last twelve years had been to make metropolitan af. "these, disintegrated units. The work had beer, stupendous and the cost great The city's funded debt had increased from 5229.187.140 In MM to 1645.575.99? in the pres ent' year. Of this vast debt approximately 5196.524.935 could r-asonably be attributed to' the advance In price* of materials and lard values Surma th« twelve yean The remainder of the city's debt was repre sented by great public improvements, the carrying out of which was without a par allel in any city at any time in the history of the world. Hundreds of millions of dol lars had been expended in many fields. Th* ogress of New York since consoli dation has marked an era in municipal ad vancement and development that ma the city on* of the greates in the worW OPEN FOP TRAFFIC MONDAY Work on Bridges Complete — Engineer Gets Job at $7,500. The new Madison avenue bridge over the Harlem River win be opened for traffic at noon on Monday. This structure, which Is to take the place of an old bridge at that point, runs from 13Sth and Exterior streets, in The Bronx, to Manhattan Borough, where it has two approaches, one starting at Madison avenue and 136 th street and the other at Fifth avenue. The bridge la equipped with tracks for electric cars of both the overhead sad underground type. At the same time on Monday the south ern foot path of th» Manhattan Bridge will be thrown open for traffic. The roadways were opened by Mayor McClellan on the last day of his term, but use of the. foot paths has been delayed by work on some masonry connections. * Bridge Commissioner Martin has appoint ed Charles G. Armstrong as consulting en gineer to superintend the construction and furnishing of the new municipal build ing. His salary will be $7,500 a year. M . Armstrong has acted as consulting engineer for the Auditorium and other well known structures in Chicago and the Pin«?<»r Build ing in this city. MONTENEGRO TO BE A KINGDOM Vienna. .July It. -In response to tin Mon tenegrin not«. all the. powers have agreed to the elevation of Montenegro to the dig nity of a kingdom. The ceremony in con nection with the proclamation will take place in August, on the occasion ul the jubilee of Prince Nicholas. On Saturdays, the store closes at noon, js>aks & (Enmjrattg i ' • Broadway i* '■■!'» Street WTLL IXIWTUHJI FRIDAY * EyD CM RI>AT The Sale of Summer Suits for Men Formerly $2_B, S3O, $35 & $40 Three -garment models, half or quarter lined. The suits are made of worsteds, velour finished cash mere*, cheviots or flannels, m the new shades of grays or browns, as well as blues in fancy weave*. Every gar ment was produced by « for the current season. §aks & Company VTTLL rONTTV^F, FRIDAY & SATGaOMaT Saks-Banister Low Shoes - for Men, regularly S6 &87 at - Included in the assortments are all the mod els created for the current season by the master designer of these celebrated shoes. The leathers : patent, tan Russia. gim metal or wax calf and glazed kid; also buckskin in white, tan or gray. The models : Blucher or regulation Oxfords as well a« two eyelet ties. For North Jersey Coast Resorts 3ALLRAILO SANOYHfIOK flyersOflyers SOLID VESTIBCLED TRAIN* WITH 9TKAJtX»» PtIXMAN BrFTET CARS' kD . y . "total, Park" "ionmotrtij |i#i 3.20, 4.20, 5,05 ! "Sandy Hook" IZrS st. 30, 35, *5. 1 5 ■ w^ k w LeaTS w«i *•.. mm •»* . E ««pt Satun^. and Sept. 5. ,0:S0 f^^^^^ SSS Other Trains: Leave W. MS*. »** 11.20 ..„,. 4:45 . .5:43.. 5:4 3. S: 10 p. n. •110 a. m. 1 .12:4.?. p. m. SB*, only). 1:30. Suß<toy , : Umm «J M SS- 9: 00... 10:00 4:45. 5:30. 6:30 p. m.. 15:01 a. m. ; £ fm,m- 4 - _, m oday Trains Leave W. 3d St. »^56 .." C*SBS S t.. 9:30. MSBa. -. XJ*. * ">■ 3:13 a. m.. 3:50. -.-0 p. m. Liberty St . »:15 a. m., p 4 ai: 8:30 p. m. Hard Coal No Smoke Open Windows Via New Jersey Central MINISTER BACK AT POST Trouble Feared in Bogota When Street Railway Resumes. Bogota, Colombia, July 14.-EUiott North cott the American Minister to Colombia, who had been away from the city for a short holiday, returned to-day. His return was due to the fact that the street ranway company has decided to resume traffic in spite of the open hostility of Colombians and th.- threatened boycott. GENERAL MENDOZA FLEEING Former Governor of Caracas in Flight from Venezuela on Schooner. Willemstad. Curacao. July H. -Genera: Tello Mendosa. who was Minister of Finance in President Castro's Cabinet ».nd afterward Governor of Caracas', arrived here to-day in a sloop. Mendoza is fleeing from Venezuela hv way cf Buen Ayr». Tello Mendoza came into political prom r*-«nce throush an accident to Cipriano Castro at the time of his revolt against Prsßideßi Andrade in IS?-'. Castro was ?eri ously wounded near La Victoria. Sbsbbbbbbi lived there a the time. He took Castro to his home and cared for him till he re covered. After Castro downed And: i he made Mendoas Ma Minister of Finance. He was President Castro's rtghtnasKi man throughout the tetter's administration. His last office was that of Governor of Caracas. The purchas" last month of the steamer Vllle de Tanger by the Venezuelan govern ment brought to light the fact that Gomes was preparing to meet an expected revolt. Several prominent men were said to be un der suspicion. The fleeing of Mendoza. who never had beer, reconciled to the Gome* government, is undoubtedly due to a sys tematic crusade against all who are sus pected of insurgent tendencies. CHINESE PIRATES ROUTED Dislodged from Colowan Island Fort by j Portuguese Gunboat. Hong KooSi July 14.— The guns of the I Portuguese gunboat Patria to-day dislodged j the Chinese from the fort on Colo-wan Ist- j and. Many of the Chinese wer« killed dur- j ir.i? the bombardment. Two junks lnarJ*«l ; with Chinese who were attempting to efrj | cape -were sunk and all of their occupants j drowned. Th» Chinese gunboats stationed here watched the operations. Trouble between the Portugu*** and Chi- j ne«e on Colowan Island gTew out of an at- . tempt of a force of Portusriiese soldiers '•• ; rescue several Chinese students who were held captives by pirates on the Island. The j pirates show»tl fight, and were reinforced by natives from the Chinese villages of the interior. The resistance was M effective j that the Governor at Macao s-nt a gunboat j to bombard the pirate villages and the fort. ; Usbon. July 14.— Official *■••**?? re ,^'iv-.l here announce that the Portuguese troops have occupied Mm fort ■■ Colowan Island. ; 35,000 THREATEN TO STRIKE German Shipyard Workers Demand More Pay and Shorter Hours. Hamburg. July 14.- Thirt\ thousand shipyard workers united to-day In a de- j mand upon their employers for an in- ■ nnw of 10 per cent in «ras*a and a fifty threi hour week. They threaten to strike j In the event that the. concessions a. re fused. The workmen are engaged in the. shipyards at Hamburg. Bremen. Veffesack, Bremerhaven. Flenahurs. Kiel. Lub«ck. | -stock and Siiettin. at $22 The Sale of GET ESTATE OF $600,000 Widow and Children of Henry Belden Win Will Contest. i The --: legal strugsle over the will ci ! Henry Beiden. at one time a partner of • Jay Gould, -was ended yesterday by a d* ; cision of th* Appellate Division of th- Su preme Court, which gives full possession 'of Mr. BsMsafa estate of $**,«» to his heirs. In making this award th- court terms th* scheme whereby the estate wa» kept from th* widow and children a* "un conscionable" and -a fraud «•■* on* wio should nave been the object of brotherly , solicitude and care.' The history of the BBS as reviewed by Justice Clarke in his decision shows that the bulk si Mr. Balden a estate consisted of hi* holdings In what la now knowti as th» I Jersey City Water Supply Company, which he helped to organize ■ I**- The strain attendant upon 'he formaac of th* water company and his increasing years seriously affected Mr. EU»id«n'« health, and. according to Justice Clarke's review. William Beld*»n took advantage of t!ii* [and induced his brother to transfer all of [ the latter? interest in the company to htes. j giving him nothing in r-tura so far'as &• courts could learn. Henry Belden died in BOS but previous t» I this William BsMsa had sold all his hold ! ings In the company to Patrick H. Flyco. ! his brother not receiving anything f rera • the sale. Wh*n Henry Bolder. ■ widow and children found that under the will formu lated by William th^y had been left noth ing they started a contest. Hal Supresn* Court in IS«C decided that the •will was vofci. i but William fell back -- the a*Btg?'Tamtt | ma-- in ISO 9. and the court upheld Ista. j The helra immediately \ppeal<-1. and tH* i Appellate Division now has decided that i th* assismment is void. WHEN IS A BAG A HAM? Not Often, if the Trend of Ofasaf't Mind Is Rightly Ganged. Whether v >asr > « In which cured '".am» *r» put up shall b<» welshed as a part of tb* ham and sold at ham prices was the ques tion discussed before Mayor Obsjbbbl jasaar day by several ham dealers. It was % hearing arranared by Commissioner DriscoU i of the Department of Weights and Meas- I ur»3. who ha 3 started a crusade against th« ' sellinz of wrappings as a part of the food product which they are u*«i to cover. ! F. A. Ferrts. ivho said he had been bag gin« hams for thirty-five years, started to explain that r>n*id*rahie evaporation took, place In a ham after It h*d been put up. -That is rot the- question at issue." ro pllftd the Mayor. Later he declared li* ccuM not get 1 wonl In «*dßewis« and would clos* the hearing and render his .lectston later. •FIGHTING BOB" NOW LUMBERMAN Rear Admiral Robley D. Evans. "J. S. gi_. (retired*, was elected president of the liax lean-American Lumber Company at a meet- In? of the directors, held at -«• rAßiaa)» Perm.. according to advices received in Wall Street yesterday. Other ofllcar elert •d for the ensuing year were W. H. Holßs ter, first vice-president: Ernest R. \Vo©l%»y. second vtc<*-president: W. W. 3tev«wn» treasurer, and I A. Stevens. secrot3ry. NO DECISION ON COURT JOBS. At ft meeting of the Municipal Civil Service Commission yesterday the members discussed the matter of th.- appointment of the new probationary olhcers provided for in the new interior courts law but ar rived at no decision. Or» Tuesday tn* com mission gave a public hearing as to wjiet^jr the new otacers should be appointed by tn» Justices or taken from the Civil &crvic» list. Assemblyman Smith, who waa woe of the t ramers of the bill, said that it waa meant that th« justices should appoint. n