Newspaper Page Text
THE SUN, SATURDAY, DECEMBER 7, 1912.
formation on many particular Instances'
lh 'Which the povoi of the .Slock li.v
chanffo authorities has been exerted ti
PubUc fldntitii8. anil explanations wilt
hoglvm of tho failure of tlio authori
ties) to prevent such wrongdoing ns hits
routed antagonism or criticism.
There will nUo lie presented In con
motion with this matter of Incorporn
Hon the report of the Hughe comnils
Ion. which decided nKaln.it recommend
ing Incorporation, nnd It will he main
tained that the authorities of the Ex
chtngei have compllul with this lecnm
nMidatlon of the HiikIics commission
In that respect:
'This conimlslon In refr.ilnlng from
Arising, the Incorporation of the Ex
change, docw so In the expectation that
tha Exchange will In the future take
full advantage of the powers confornd
upon It hy Its voluntary organization
aad will he active In preventing wrong
doing KUch as ha occurred In the past.
Than xrn helleve that there will be no
serious criticism of the fact th.it It Is J
not Incorporated. If. however, wrong-. (
doing recurs and It should appear to,
tha public at large that the Exchange;
Jia been derelict In exerting Its powers I
at)d authority .to prevent It. we hellcvs
'that the public will ln.lt upon the In-
corporation of the lAohnngo and in
subjection to State authority and super,
ii Acrownlnnts nbpoenert.
' TvTiethr or not the eovernors of the
tsohange have compiled with this
recommendation of the Mushes com
wrlwion and have exercised due dill--0c
In protection actinst fraud Is n
question that the exchange atlthorltles
eontlder certain to Vi raised by the
Pujo committee. Suhpcrnns have been
leified hy the Pujo committee for the
accountants who went over the books
of the member? of the Columbus n.nl
Hocking foal and Iron pool. The col
lapse of that pool has been the only
rtl scandal since the report of the
Hughes commission was snhmlttcd and
tt Is of course Incumbent upon the ex
change to explain why the operations of
'the pool were not stopped before harm
wan done to Innocent speculators and
investors. In reply the exchange will
Ula,boratc the explanation made of the
failure of Coster. Knnpp & Co.,
an. even more unsavory transaction,
iwljlch the Hughes commission Inquired
Into very clo.icly. That explanation
"The failure of Messrs. Coster. Knapp
'ft Co. was caused by their own reek
!8 and unprincipled speculation. No
safeguard which the Stock Exchange
could by any possibility place around Its
tret illations could have prevented this
realamlty. The llrm did not do a bank
ing business, receiving funds subject to
'check, and their methods, after their
capital had been absorbed, were abso
"In other words, they npplled their
customers' securities and funds to their
own use and by unsuccessful specula
ton lost not only their own money but
the money of their clients. It must
he evident that dishonesty of this de
scription cannot be guarded against, anil
th" only course possible to the authori
ties of the exchange was to punish It
In the most seM'fe manner when dis
covered. This was done by the expul
sion of the firm under the Stock Ex
change rules, after due anil proper trial
Mnxlnmm Vnlnntlon flppoied.
Reference to the relation between the
Stock Exchange nnd Wall Street bank
Ins Institutions Is also contained In
tho brief. In reply to substantially the
same question as was asked by the
Hughes commission, that Is. "Would It
be practicable for the banks or the
banks' clearing house, with tho assist
ance of the Stock Exchange, to fix
a maximum valuation of securities for
purposes of loans, based, say, upon av
erage values for the preceding week
or month? Would such n plan have
any useful results so far as 'pyramid
ing' nnd Insufficient margin transactions
are concerned?" To this question the
brief replies In part as follows:
In our opinion meh a plan would be not
mjv impra'i'-able but productive of re-ults
which would be dnngeroiH 11 not dlMrou
The present praetb e furnishes Infinitely
more protection All bank- or inntltu
, tjons which lend monev watch with sernp
tllous earefulne the ranse of price
affecting seuntle lorlsed w llh them as col
lateral. Theso pricet are enmln'-d not only dnllv,
but tn times of excitemint frequently
hourly, and an Immediate call l mad
upon the peron tn whoe favor the loan
stand should the prices of securities in
dicate that the customary mareln re
quired hi. the money lending Institution
has heen impaired
It is usual foi all so-called Wall Street
loaus to carrv a minimum marsin of 50
per cent upon the money value of th"
loan, as represented by the surplus amount
of .secnrltle When cry violent fluctua
tions overtake the Mock market there
rnav be brief lntunce where thU margin
if Impaired, b'l' it Is almost an unknown
case for an ln-l It tn Ion lending money
linger the above condition not to he pro
tected to the required extent, or if not
fully protected at nil events sufficiently
so to avoid any lo And, as a matter of
fact, as n matter of record the financial
Institutions throughout the country loan
ing money on Htnek r.xchange collateral
have rarely lnit a dollar
It has been stated by one of the mot
honored and eperienced presidents of a
trust company In the vicinity of Wall street
that there i no safer Investment In the
world for hanking lunds than loam to
members of the Mock Exchange on mar
The Hughes commission wanted to
know, as does the I'ujo committee, If It
would not be advlsablo to Institute some
method of supervision over the charac
ter of a security admitted to the Slock
Exchange list, nnd also If It would not
he a public protection to have peilodl
cal Inspection of the books of members
of the exchange. In regard to super-
if Ion over the listing of securities the
It is not the settled and invariable ruin
that rallrnRd corporations and such cor
porations as would not bo unfavorably
affected by tho frequent issuance of state
ments, whose securities ar listed upon
the Stock Kichance, should give out period
ical details, but, In the case of certain indus
trial and mercantile corporations and
enterprises the knowledge of their business
thus conveyed to poaslblo competitors and
rivals would be a great injustlro and would
frequently not only interfere with the
prosperous management of their business
but would unfairly reflect the business as a
whole, because at certain porlods of the
ywar they would he unable to make a satis
factory statement of details,
In regard to the Inspection of books
of members of the Exchange the brief
Bonk Inspection an Injmtlce.
The Inquisitorial nature of an Inspection
hy any authority of the book of the mem
ber of the Etehange would be an Injustice,
and if perflated In would betray the con
fidence of clients who entrust their affairs
to the members of the Slock I'lchansc
It would terve no good purpose because
jen portions of their books as would be
not affect the confidence of the public!
and It is fair to suppose that no Inspection
which should betray confidential trans
actions between llcnt and broker would
be made public.
It Is not to be believed thai transaction'
of Importance would be enttusted to mem
bers of the Kxchange unless it was supposed
that they would be kept oufldclitlal. The
proposed remedy, If it were such, would
be a far greater evil than that which by any
iliahce may exist at the present time. The
duties of an Individual transacting business
as a private banker or broker aie so dlfler
rut and his responsibilities are so clilinllnr
from those of a bank or trust i otnp.inv that
Hie question of Inspection inil'l be looked
at from an entirely dirtcrcnt point of view
the personal honor and standing of the
brokeiage or banking house are. their capital
In trade and If their business Is not trans
acted In proer lorin they are the sufTerrrs,
whereas a bank or trust company suffers
chiefly through Its stockholders for any
Irregularity that may transpire.
It is to lie temenibered that broker are
engaged, not In a public but In a prlvnto
business Moreoer, It Is a private business
of n peculiarly confidential natuie I hey
are agents transacting, not their own busi
ness hut that of others entrusted to tliem.
An Inspection of their books would dl-1
close thn atTalrs of their cutomeis and If
the result were made public the affalis of
their customer would be made public, nnd
ir II... .n,,,l,,ll ,,,,, ,il,ll..
it n-nni.i i, h.m... -..! .n.inM. r,,r it
would be without effect Iheie would
seem to be no more warrant for examining
the books of a stock broker than the books
of a priMite hanker or n of real estate broker
or of an iicent for the collection of rents
fiom real estate, or of a collector or com
mission merchant who bundles the goods
or moneys of others
lull Alone? Fluctuation.
Another portion of the brief, perti
nent on account of the recent high call
money rate, and the effort to connect
the Stock Exchange with the Wall
Street banks In a money conspiracy,
has this to say In regard to fluctua
tions In call money rates.
It Is lecoitnUeil that mon"y Is a com
modity and that like all other commodities
it will seek the spot where It will command
tho highest price call money rates are
not regulated by the Stock l.xehange The
price of call loai's s regulated by supply
and demand, an U the supply w hich In
normal nmcs ami uier normal conouions .
might he ample is (".inies of great financial
stress areaily diminished by timidity and I
the hoarding of money on the part of nn- '
Kxtreme vnrlatlons are unusual and the
Institutions of this city and of the West
deprecate them exceedingly The fluc
tuation ol share prices does depend lo a
considetable riegiee upon whether money
tie plentiful or scarce, but the natural flow
of money sooner orlater ceks its level and
any attempt lo arbitrarily control the rale
of money is bound lo meet with disaster
We have nlluded to the timidity nnd the
unscrupulniisiiess of certain parlies as nid
ins in a locking up of currency, thereby
causing extreme rates or tlucluntlotis. It
is not our Intention to dwell upon this sub
ject, but we wish lo say that until the dov
ernnient finances are put in such a onilltion
that the currency of the cotinlrv has lis
natural ebb and lion JU-t so long will Intent
fluctuations he possible in nioiiv rates
In regard to "short sales" the brief pre
sent the t ii 1 1 1 It I it r argument thai a short
Interest proleiis prices in times ni demoral
ization or panic, that "repurchases ' lie
uuently check the downward course of
prices and are nt times practically the only
support when money is active and condi
tions are very unfavorable to operation
for the long account
In regard to the practice f dealing
on margins It says that this Is abso
lutely essential to the conduct of many
transactions, whether In stocks or
The brief nlso deals with other qtics
tlons regarding the brokerage business,
such ns tho licensing of brokers, manip
ulation, the so-called "laundry busi
ness" and other matters which have
not yet been criticised by members of
the Pujo committee, but which it Is the
desire of the authorities of the ex
change to explain fully.
It Is the desire of the exchange, so
said one of the ofllcers yesterday, to
present all matters of exchange busi
ness as frankly and candidly to the
Pujo committee as to the Hughes com
mission. When that commission was
appointed, he recalled, tho governors of
the exchange wrote to It that "It will
give us the greatest pleasure to appear
before you and review the replies made
by us and dlcuss the same at the fullest
length agreeable to yourselves." The
sane disposition, he said, actuates the
governing body of the exchange to
da y .
SUGGEST MUZZLE FOR PUJO.
Democrat le Leaders Object tn Mock
WASHtNOTO.v, Dec. 6. Some of the
Democratic leaders in the Houe of
Representatives would be happy If they
could apply a muzzle to Ch.iirnian PuJ)
of the money trust coininit'.e". They do
not approve of the habit which Mr. Pujo
ha' contracted of giving out statements
about excluding stocK exchanges nnd
clearing houses from the malls and
about regulating these Institutions
under the Sherman iintl-lrtist law as
conspiracies In restraint of trade..
Responsible leaders of the House
point out that If Mr. Pub entertains
these vlows the proper way for him
to express them wouid be In a report
to the House after nt Investigation
has been completed.
Some of Mr, Pujo's colleagues on the
money trust Investigating committee re
fuso to accept tho statements he
hus made. Democratic lenders say they
are going to have enough trouble over
the revision of the tariff without
stirring up unnecessary ngltntlon hy
giving out interviews on tho money
trust before the committee even has
tlnlshed Its Investigation or Is ready
In other words the distinct Impres
sion was gained here to-day that Mr.
No Fancy Prices Here
for we combine style and quality with moderate
prices in all our clothes and haberdashery.
Suits as low as $18 & $20
Bath Rnhet nnd Dretsing downs
model t, ax u fll as plain
Pujo will be sat on hard by the House
leaders unless he buckles down to hfs
Investigation and lets the facts speak
The conduct nnd management of the
New York Htock Exchange will be. made
the, subject of careful Inquiry by the
money trust committee of the House,
An announcement to this effect was
made to-day by Mr I'ujo. Twenty
one witnesses will appear before tho
committee next week, among; them offi
cials of the New York Stock Kxchange.
It Is Mr, l'ttjo'. opinion that all stock
exchanges nro. "close corporations,"
wielding n large power that should be
brought under (lovrrnment control. In
Investigating New Yolk Stock Ex
change officials Mr. I'll Jo will attempt
to establish the following alleged facts:
That seats or memberships In the
New York exchange are limited to a
select few. held at exorbitant prices,
thus barring hundreds of legitimate
brokers from free nnd unrestricted com
merce. That the governors have almost un
limited arbitrary power to cancel any
That It Is Impossible to secure a scat
without the tacit or actual consent of
great financial powers.
That arbitrary authority exists to nd-
.tlilt or bar stocks and bonds from "list
Ing" the privilege of being traded in
upon the floor.
That the "c.urh" exchange Is a medium
of commerce forced upon brokers and
'bankers, often unwillingly, by the dom-
ilnant "Interests" of the Stock Exchange.
I To-day the full banking committee of
, the House met, Chairman Pujo report
jtng the progress of the Inquiry nnd the
prospective witnesses next week. Sum
mit rntermyer, attorney for the com
nlttee, Is expected here Sunday In prep-a-ntlon
for the taking of testimony Mon
day. COURT RAPS WHITMAN FOR
DELAYING CASE THREE YEARS
Cniivit'tcd of A bllllct ioil. Mail's
Appt'al Is Not ActPtl On
in That Timt.
The Appellate Division of the Su
preme Court yesterday criticised Dis
trict Attorney Whitman for permitting
one Joseph Turley, convicted of abduc
tion, to remain out on ball for three
ytars before his nppeal came before the
court. The court found that the con
viction was proper and tn the unani
mous opinion, written by Justice Scott,
"There Is much Well Justified com
plaint nt the present time of the slow
ness with which the ctltulnal law Is
enforced, and especially of the great
length of time wMlch Is frequently per
mitted to elapse between n conviction
und the review by the Appellate courts.
The courts are most unjustly charged
with a largo share of the responsibility,
but the blame rests elsewhere.
"The present Is a particularly flagrant
case. The defendant was convicted In
March, 1303, nnd was almost Imme
diately released on ball pending nn ap
peal. The record Is not voluminous and
the question of law are neither dlfll
cult nor Intricate, and yet t'hn defendant
has been at large for three years nnd a
half before the appeal Is brought on for
"The duty to bring It on promptly
rested upon the District Attorney, who
had It In his power at any time to force
n hearing of the appeal by moving
under the statute to dismiss 'it. This
court ha never shown Itself to be un
willing to support nnd cooperate with
tho District Attorney in compelling ap
peals In criminal cases to be argued
The Appellate Division took only two
weeks to decide the Turlev case after
i It was argued.
When District Attorney Whitman's
attention was called yesterday to Jus
tice Scott's criticism he explained that
the tardiness was to some extent be
yond his control. The case originated
during the administration of a former
District Attorney, he said.
In the past year. Mr. Whitman said,
his office has established n high mark
In arguing cases before the Appellate
Division. In eleven months 103 cases
have been argued, while the hlgliest
previous number was M In 1309. In
only three cases has there been a re
versal, the District Attorney said.
LOST $105 MATCHING COINS.
.Writrrn Vlallor Camri Arreat
Men Who fiot Money.
John Suftleld, a storekeeper from the
West, came to New York a few days
ngo with some money. He stopped at
the Grand Union, but nftor he met two
young men whose hobby It was to match
coins and to whom Sufflcld lost $105 he
moved to Mills Hotel No. 3.
Lojit night he met the young men
talking to a stranger at Forty-second
street and Sixth avenue. Suffleld fol
lowed them across Forty-second street
and down Seventh avenue. The three
men were matching coins aa they walked
and to Suffleld It appeared that th
stranger lost more often than he win.
At Thirty-seventh street Suffleld
cnlled a policeman nnd the three men
were stopped. The stranger said he had
lost B4 nnd on his complaint tho other
two men, who said they were John Mur
phy, 14 Clinton street, and Joe Stone,
Mills Hotel No. 3, were held for grand
larceny. The other loser was John
Frank Maine, a gardener. Mills Hotel
and good ones at that.
camel' hair, Prrtian tilk and quilled
wool blanket robes, S5 In $30.
HOLD ANNUAL PARTY
Fiftli Avenue and Ninety-first
Street All Lit Up by the
ALL HAPPY, IT IS STATED
Ironmaster Quite the Happiest
of All, Says Official
Andrew Carnegie's olg house behind
the twelve foot Iron or are they steel?
pickets at Ninety-first street and
l'lfth avenue was blight with lights last
night In honor of the eleventh annual
gathering of the Carnegie Veteran As
Each year for eleven years about
this time Mr. Carnegie has gathered
about him the Carnegie "old boys," as
the men who helped to make Mr- Car
negie rich and grew rich with him are
known, and while no exact report of
what goes on ever becomes public It t.i
said that steel kings and princes, past
and present, forget their glories nt
those dinners and dellgnt to tell of the
The "old days" mean th? days of the
Carnegie Steel Company, and many of
the men about Mr. Carnegie's table are
able to recall the tlmts when they
labored In the mills or at the furnaces,
days of the simple life when nobody
was worrying for fear he might die rich.
Iaat night the association elected
officers before It sat down to dinner.
Andrew Carnegie was returned as pres
ident ; Charles M. Schwab, president of
the Bethlehem Steel Company and the
first president of the United States
Steel Corporation, which took over the
old Carnegie company, was elected vice
president, and Charles L. Taylor Is the
Mr. Taylor in his official capacity
told the reporters all about how things
were going. There were speeches, tald
he, hut not for publication, although It
might be said that everybody was In n
"happy vein." Mr. Carnegie, It wa-s
gathered, was even better than that.
He, said Secretary Taylor, was quite the
happiest of all.
Of course Mr. Carnegie made a
.speech quite the speech of the eve
ning. Then Charles M. Schwab re
viewed the battles, victories and de
feats of the members. .1. II. Heed, a
director In the United States Steel Cor
poration; II. P Hope. John Mcleod,
A. (' DlnUey and W. H, Corey, ex
preisldent of the Steel Corporation, were
W. H. Dickson, recently elected presi
dent of the Steam Pump Company, read
n poem. At least Mr. Taylor said Mr
Dickson did, hut he added that like tho
speeches, the poem was "not for pub
lication." Those present besides the speakers
were Charles W. Baker. W. It. Hal
slngcr. P. T. Herg. W. W. Hlackburn.
J. J. Campbell. Albert C. Chnse, D. M.
Cleinson, A. Dinkey. R. A. Pranks,
A. It. Hunt, V. II. Klndl. George louder
Thomas Lynch, Hdwln P. Mills, A.
O'Nell, Thomaa Morrison, George K. Mc
Cague, W. C McCausland. Gibson
D. Packer. William P. Palmer, A. It.
Peacock, Lawrence C. Phlpps, J, H.
Reed, J. B. Schwab. James Scott. Emll
Svenson. H. K. Tcner, Jr., I. H. ftley
and George H. Welghtman.
John O. A. Lelshman, Ambassador to
Germany, cabled a greeting, as did Mil
lar Hunslker of London. There wero
messages from William L. Abbott of
Pittsburg, John C. Fleming of Chicago,
P. G. Kerr of Pittsburg, J. A. Totter
of Los Angeles, nnd K. F. Wood of
New York, all Carnegie veterans, who
were unable to be present at the re
union. HELPING MAMA WAS FATAL.
14-Vear-Md Girl Will Die From
Barns Iteretved Getting "tapper.
Fourteen-year-old Margaret Jenkins
of 358 Hast 138th street had been such
a good girl lately thut when she was
Invited out to a rarty last night her
mother gave her a new silk dress. Mar.
garet was happy and decided she must
do something to show how grateful she
Yesterday afternoon Mr. Jenkins
went out shopping, leaving Margaret
and her nine-year-old sister Mary alone.
Margaret thought It would be nice to
have supper ready nnd started to get
It. hut the kitchen range wouldn't work.
So sho got the kerosene can and poured
oil on the coals.
There was an explosion nnd Mar
garet's clothes were ablaze.
John Locsch of 345 East 139th street
nnd John Henderson of 345 Willis avo
nue wrapped blankets about Margaret
and put out the flames. When Dr.
Auer of Lincoln Hospital saw her he
shook his head. He put Margaret In
an ambulance and held 'her In Mis arms
all the way to the hospital. Sho will
DIGGERS BATTLE IN GRAVE.
Fight Marts When One Mrp (In the
Newark. N. J., Dec, 6. "Peaceful
ns a grave" did not fit one grave In
Falrmount Cemetery yesterday, when
Joseph Buclt of 462 South Orange ave
nue, gravedlgger of the cemetery,
stepped on tho foot of Peter Sudwlck,
his assistant, while they were moving
about In tho restricted space being pre
pared for some one's final resting place,
There was a lively minute or two.
In which blows were struck. Later In
the day Buck was arrested nnd charged
with striking Sudwlck on the head with
BUMPS INTO WRONG MAN.
I.rary Ezoneratea Poller Captain
and la .Now I.nekrd Up.
Patrick Ieary of 203 East Seven
tieth Htreet, In a hurry to get off a
Third avenue elevated train yesterday,
bumped Into the wrong man. It was
Pollen Capt. Domlnlck Henry, but Pat
rick didn't know that. So when Capt.
Henry protested Patrick put his list
through tho Captain's now derby. Capt.
Henry and Leary went off the train in
each other's arms and the policeman
had his man under control by thfc tlmo
they hit the platform stairs.
There JoTin Flannery of 300 Eapt
Seventieth street Injected himself, no
Capt, Henry took him along for Inter
fering. Magistrate McQuade rnt Leary to
the workhouse, for ten days and fined
Sterling Silver Baskets
IHE Gorkam. designs arc distinctive,
MM embodying character, good taste
and originality, -while the values arc
I I if
VISIT TO RYAN'S EXPLAINED.
t'ndervrood's Friend Deny Polltlcnl
Conference Waa Held.
Washivotov. Deo. a. Democratic
lenders vhn lifted their brnwn And CTOW I
huffy when they first learned that Rep
resentative Oscar W. Underwood had
dined at the residence of Thomaa V. Rynn
in Now York Wednesday night in company
with Nelson W. Aldrich, Senator Joseph
W. Bailey and others and that a legislative
programmo was discussed are to-day
laughing over the incident. ;
It all came out to-day While Mr.
Underwood absolutely declined to dis
cuss the subject friends of the Demo
cratic leader commented on it freely.
They explained that Mr Underwood
attended a purely social affair by invita
tion ol Mr. Ityatl. tney saiu me iik
that a legislative programme was debated
They pointed out that Mr. Ryan s
guosta embraced Republicans and Demo
crats, progressives and members of tho
Bull Moose party.
In this connection nn interesting dis
closure wan made to-day by a friend of
Representative Underwood. It was to
the effect tliat Mr Underwood wa in
absolute ignorance of tho fact that
Thomas F. Rvan had contributed $30,000
to the Underwood lYesidential cam
paign oarly this year until Senator John
V. Bankhead of Alabama, who was in
charge of the Underwood forces, so
testified before the Senate committee,
Mr. Ryan and Mr Underwood, both
interested in the University of Virginia,
have known each other for many years.
A friend of Mr. Ryan said to-day that
Mr Rvan made th" contribution to the
Underwood campaign purely for friend
ship's sake. It appears that Senator
Bankhead made no report in detuil to
FEW PLACES FOR BULL MOOSE.
If Thry Herd hy Thrmsclve They
Won't Urt Mnn- Fmors.
Washington, Dec. 6. The Bull Moose
members of the new Congress will not
ho forced to seek for committee favors
at the hands of Representative Mann of
Illinois, the Republican leader. If the
Bull Moose herd by themselves and set
up a separate organization of their own
they will get committee representation
In proportion to their strength In tho
It Is the expectation that the Bull
Moose members will herd by themselves
politically. Representative Lindbergh
of Minnesota Is authority for tl;o state,
mcnt that tho progressive Republican
nnd the slmon pure Progressives elected
In November will doubtlcs. find much
In common, but the Bull Moose will be
enrolled ns Progressives, whercaa yurh
progressives as Mr. Lindbergh, who ran
In tho recent campaign ns n Republican,
will continue to be classified as Repub
licans. Mr. Lindbergh announced to.
day that he would not attend any Re
publican caucus In the new Congrcs,
"I ahull be glad to confer with Re
publicans nt any time," ho said, "hut tho
old purty caucus, which squelched In
dividualism, Is bad In principle. 1 shall
have nothing to do with such nn or
MRS. STOTESBURY'S BALL.
Venetian Dance at rJeltrvnr-Strnt-ford
PiiiLAnr.M'niA. Dee. . Mrs. Udvartl T.
Hlotesbury'a Venetian dance and ball at the
Hellevue-Htratford to-night was unusually
fine. Tho ballroom was trnsformed Into
an Italian garden, and with an elect rlofoun-
taln nlaylng In the centre of the room
and gondolas moving about tho artificial
lake the : special guests found themselves
in a handsome setting for Inn long enter
tainment, . . u ...
Ksvnt an dances were enacted hy Miss
Sybil Maitland, assisted by the .Misses
Croinplon, Palmer ami Ronales. After
iney nRU icompieten ineir irriiirniHnen
Adeline Henee. KUimorted bv her entire
company, danced a ballet and divertksc-
The guests were then summoned to the
bamiuet hall by two Italian troubadours and
pretty Italian girl Mrat served Ilia guests
with cocktail, tiuesis were assigned to
places accotdins to the colors which they
IN the display rooms of
IflThe Corham Company
may ho seen a collection, of
over two hundred and fifty
of these popular gift pieces.
Business Conducted in New York
Yin State of Mnine, Tes
SB INTEREST OK $25 LOAN
District Attorney Seeks In
formation Concerning Em
ployers of Girl Sentenced.
The first two women to be convicted
under the Brooks law against loan
sharks were dealt with yesterday In
Special Sessions, Part V, May Qulnn,
clerk for Chesrerklrk Co. of 203 Broad
way, whose real name Is Mildred Dow
ney of 117 West Fifteenth street, was
fined I2D0. She was convicted on No
vember for lending 125 for one
month nt 6 Interest.
Nan Baumann, clerk of tho State Trad
ing Company of 100 Kfth avenue, waa
convicted nnd continued under ball for
sentence on December 12.
"The Imposition of a fine here must
not be taken as n precedent, said Jus
tire Collins In sentencing May Qutnn.
"You are the first woman convicted un
der the law and the court Is unwilling
here to exert tho drastic pqwers vested
In It. It Is not to be tnken ns precedent
for the treatment of persons, even fe
males, convicted hereafter."
It developed In the testimony that
both girls were paid salaries by a man
named Ooldshlre nnd In tho fearful tan
gle of names nnd addresses that both
firms conducted business via the Stato
of Maine, where the laws allow any
Interest on a written contract.
"Your Honors, this Is the worst scheme
and the worst combination in the entire
run of loan shark cases," declared As
sistant District Attorney Smith In seek
ing tn have Nnn Baumann held for
"The District Attorney wants to know
who the real party behind these glrla is.
One of them, May Qulnn. has been fined
by your Honors and Is In the court
room at this moment Just ns brazen as
ever. When sho was convicted your
Honors did not remand her because she
promised to glvo to the District Attor
ney Information ngalnst her employers.
Well, sho told tis absolutely nothing,
Nnn Butimaun, since that conviction,
has been acting as clerk. If she Is lined
now and sent nway sho will tell nothing."
Nap Buumann will be Interrogated In
the District Attorney's, office before De
cember 12 as to her employers,
LONG TERM FOR MRS. EDMUNDS.
Woman Who Shot ttlehmnnil Prnae
entor Sent to Mate- Prison.
Mrs. Elizabeth Edmunds, who shot
District Attorney Albert C. Kach of
Richmond county In Ills private offlco
In Staplcton, Stuten Island, on August
IS lust nnd who pleaded guilty to a
charge of iissnult In tho first degree wns
sentenced yesterday by County Judge
J, IlBrry Tlernnn nt Richmond, Staten
Island, to not less than three years and
nix months and not more thun flvn
years and six months In State prison
After bentenco had been pronounced
Mrs. Edmunds almost collapsed nnd had
to be assisted back to her cell hy two
Mrs. Edmunds Is the wife of John M.
Edmunds, n Manhattan dentist. She
and her hiiBband have lived apart for
severul years. Sho brought a criminal
action for abandonment against her
husband, nnd It. was because she Imag
ined that Mr. Kuch had not pushed the
caso with sufficient vigor that she shot
the District Attorney. Each lay for
weeks In nn extremely critical condition
before he finally recovered.
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SUITOR TTTT.Tfl GIRL'S COUSIN.
Saloon and Rakery Orrnrr Tried to
Salvatore Trlpodo was killed last night
In a hallway at 326 East 107th street
when ho went to warn a young man
who has been paying attentions, to on?
of Trlpodo's cousins tnat the suit was
hopeless. The suitor, Pasquale Do.
mlnlco, disappeared Immediately after
the murder nnd tho police have tent
out n general alarm for lilm.
Trlpodo owns n saloon at S01 Kast
107th street, a bakerv on First avenue
Jfcctwecn 106th and lOTth streets and Ir.
reputed to be tho owner of several .ele
ment houses. Ho lives, at 315 East lOTt '
t'reet. His cousin Is Hesslo Savlo, who
II es with her four sisters at 323 Ivist
Doinlnlco has been courting Hersle,
but she has always refused to ihjit.
him. A week, ngo he tried to urge In"
Into an automobile In an attempt t
kidnap her, but she would not go.
Then ho threatened to kill her and her
wholo family unless she married him.
Tho girl went to Trlpodo with 'he
tale and last night Trlpod'i went t i
see Doinlnlco. Tenants say that thf
heard four or five yhotJ fired In Do
minlco'a room, then the door slammed
and Trlpodo started downstalrr. 11"
had only gone one fllgh: down vh"n
Domlutco followed and tired n bullet
through tho top of his nktill,
(My On "IROMO QUWNE," tb k
Lmtiv Bromo Quinine
Caret aCoM in OmVuy,ffh 3 Dtyt