Springfield weekly Republican. [volume], May 22, 1913, Page 15, Image 15

About Springfield weekly Republican. [volume] (Springfield, Mass.) 1851-1946

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THE MOLECULE,
We are two atoms, She and I,
United in a Molecule;
To separate us none may try—
We live within the Golden Rule.
We’ve witnessed mueh, and traveled far;
We've.dwelt in stations high and low.
We’ve helped to fashion many a star—
And aided in its overthrow!
We helped to pave the Milky Way;
We helped to shape this mundane sphere.
AU Nature's mandates we obey—
We go, and ask not why, nor where.
We’ve slumbered deep in Ocean’s bed;
We’ve lived in rocks, and trees* and flowers;
We’ve swirled in vapors overhead.
And diopped to Earth in cooling showers.
We’ve murmured in the plunging stream.
And in the earthquake's trembling floor;
W’ve shimmered in the lightning’s gleam.
And spoken in the thunder's roar!
We’ve sailed in icebergs from the pole;
We've tossed upon the breaker’s crest;
We’ve danced where heaving billows roll,
And dreamed where peaceful waters rest.
We’ve sparkled, sweet, in luscious fruits;
In Ceres’ realm we long have worked.
We’ve delved in humble herbs and roots—
No duty have we idly shirked.
As through Creation’s wondrous maze,
To higher forms, we gravitate
Our lot is changed in countless ways;
But never altered is our state-
A tiny, deathless' Unit, we
Shall Evolution’s law fulfil—
In fair, and goodly, company-
Through endless transmutations still!
Horace G. Hopkins.
Milwaukee, Wis., March 1, 1913.
SCIENCE AND INVENTION NOTES
NEW WONDER IN SHIPBUILDING
Hamburg Line Boat Burns Crude Oil
Instead of Coal and is Free From
Smoke.
The repeated rumors that the British
admiralty will put some form of gas en
gine into new naval ships, and that the
day of coal combustion is almost over, call
out special interest in the Hamburg line
ship Christian X. which recently made
her first trip from Hamburg to Phila
delphia. She is described in an article
by Arthur St George Joyce in the Tech
nical World magazine, as a steamless
wonder. ‘‘Driven only by powerful mo
tors, with crude oil as fuel, the Christian
X, named after the Danish king, showed
no funnels and, being absolutely free of
all smoke and grime, was literally 'clean
as a hound’s tooth.* By utilizing the space
usually given over for crew quarters, the
vessel offers high-ceilinged, roomy cabins
and salons that suggest a first-class ho
tel.
“The engines which drive the ship are
of the compact internal-combustion model,
Occupying a comparatively small space,
and furnish 25,000 horse-power. Their
exhaust is discharged through hollow steel
masts 45 feet above the deck. Her
length is 384 feet, beam 58 feet,, molded
depth 30 feet, and displacement 10,550
tons. There are two motors, each develop
ing about 1250 horse-power at 140 revo
rutibna per minute, which is sufficient to
yield a speed of 14 miles an hour. This
speed cau be maintained for 24 hours by
the use of 12 tons of crude oil.
“The Christian X cau carry 1000 tons
of the oil fuel in her double bottom, or
enough to keep her on a trip around the
world. Her combustion engines can be
reversed in eight seconds from full speed
ahead to full speed astern.”
Recent investigations at the Flagstaff
(Ariz.) observatory seem to have strength
ened Prof Lowell's theory that the
“canals” observed on the planet Mars are
in fact real canals of water and that they
are the work of beings of high intelligence.
Prof Worthington in a recent article says
that on account of the low atmospheric
pressure on Mars, water boils at a tem
perature of 111 degrees. Tims evapora
tion must be rapid. He believes that the
water which feeds the canals must be
conveyed in closed conduits or pipes, as
otherwise it would all evaporate before it
reached the equator from the poles. The
progress of the water, or perhaps the
vegetation due to it, can be traced in the
telescope as the Martian season advances.
But, owing to the shape of the planet, it
is concluded that this water cannot mere
ly flow by gravity; it is thought that it
must be farced along by some sort of
pumping system. Mars is in a more ad
vanced stage of planetary existence than
the earth is and it has lost most of its
atmosphere and most of its water. Each
winter the water is locked up in the form
of a polar ice-cap, and each spring this ice
cap melts,- releasing the water. There is
every reason to believe that under the con
ditions prevailing on Mars there are be
ings of an advanced order living there. It
is argued that these beings may be farther
along in the scale than the denizens of
earth are. since the race there has had
more time to evolve. Of course, however,
all this is as vet merely in the realm of
speculation—scientific romance as if were.
In the Bulletin of the American Geo
graphical Society Leon Dominian calls
attention to the rich field of investiga
tion that will be opened up by the passing
out of Ottoman control of a large sectiop
of the Balkan peninsula. Nearly every
square mile of the territory in question
needs mapping, and it is besides a prac
tically virgin field for geological, ethno
logical and historical research. To judge
from the cartographical work heretofore
done in Bulgaria by the military carto
graphical institute £t Sofia, we may ex
pect excellent map work in whatever ter
ritory that country may acquire from
Turkey. Whatever may be the merits
of the quarrel between Turkey and the
allies, it is notorious that science and
exploration do not flourish under the Cres
cent, whereas the other Balkan states
are at least in sympathy with modern
ideals in these fields, so that the outcome
of the war, up to date, is fortunate from
a scientific standpoint. Just to mention
one point of contrast: Bulgaria. Servia
and Greece all possess official meterologi
cal services, with networks of stations
whose observations furnish the materia]
for compiling climatic statistics of those
countries. Turkey has nothing of the sort,
and what little information we have of
her climate has not been gathered by
Turks.
In a recent number of Flight Griffith
Brewer takes up the subject of the col
lapse of monoplane wings. Calling at
tention to the fact that about a year ago
Bleriot reported to the French govern
ment that monoplanes were liable to col
li.,^ in the air, not only by the breaking
of the stays under the wings, but also by
the breaking of the supports over the
wings. Mr Brewer inquires into the cause
of the structural collapse to which mono
planes seem to he peculiarly liable. Be
cause the wings of monoplanes project
like arms from the sides of the frame,
he agrees that it is easier to twist the
outer ends of the wings than the shoulder
portions. "Without changing the path of
flight of the machine.” Mr Brewer states,
“the speed of travel may increase, and
this causes the center of pressure to travel
backward, thup tending to turn the wings
over forward, owing to the pressure be
low the front portion decreasing while
the pressure increases below the rear por
tion. The effect of this change in the
center of pressure is a progressive twist
from the shoulders of the wings outward,
the left wing twisting like a right-hand
corkscrew . and the right wing twisting
like a left-hand corkscrew.”
According to papers read by eminent
authorities at the recent congress of
American physicians and surgeons, life
in cells taken from a livihg -animal or-
ganism has been sustained under certain
conditions for more than four years after
the anima] from which they were taken
ceases to exist. The speakers declared
that it ultimately would be clearly dem
onstrated that life in severed cells could
be sustained for as long a period as the
organism would live under normal can
ditions. This view was taken by Dr
Ross G. Harrison of Yale university, who
spoke on "The life of tissues outside the
organism from the embrvological stand
point.” Drs Montrose T. Burrows of Cor
nell university, Robert A. Lambert of
Columbia, Leo Loeb of St Louis and War
ren H. Lewis of Baltimore all maintained
that life could be maintained in severed
cells and that there could be regular
growth in the actual cell divisions and
not merely degenerative movement. It
was declared that life could be suspend
ed and made active again through the ap
plication of a proper medium.
Now that papier-mache is used so ex
tensively in other industries, there would
seem to be opportunity for employing it
with profit in the manufacture of automo
bile bodies, says the Scientific American.
The framework of the body, for instance,
might be built, up of netting and light
steel braces, with the papier-mache firmly
pressed into the interstices of the netting.
Such a body would be lighter than a steel
body, less expensive to build than an
aluminum one. and strong enough. Inci
dentally, papier-mache is capable of being
highly finished, and it is quite probable
that enamel would show less tendency to
chip or flake off it than when metal is
used.
The New York Central railroad is to
put in service on the New York terminal
division 10 new electric locomotives which
will be the most powerful of their kind in
existence, says Power. Although weigh
ing only 100 tons, which is 15 tons less
than those now in service, they will be
more powerful, as the tvhole weight is car
ried on the drivers. Normally they will
develop 1400 horse-power continuously and
will be capable of developing as high as
5000 horse-power for short periods. They
will exert sufficient tractive effort to haul
a train weighing 1000 tons at 60 miles
per hour. One of these locomotives has
already been thoroughly tested out on
the Harlem division, and the remaining
nine are being finished as rapidly as pos
sible. On both divisions of this road .hey
are now operating 130 electric trains
per day, and the equipment has been m
operation for more than six years.
William Ireton, a New Jersey man of
80 who looks as hale as many men of 40,
says he lays it all to a habit he has of
drinking a pint of sea water every morn
ing as a tonic. Ordinary salt water is not
sufficient, fox- there are other minerals
in sea water besides common salt. The
explanation given by the scientists of the
tonic effects of sea water on the human
system is that man developed through
long ages from what was originally an
aquatic existence. The fact that man can
not live long without salt seems to bear
out this theory of his marine origin. In
the artificial mode of life which is now
prevalent some of the elements which the
system craves are wanting. A good course
of the genuine old original brand of sea
water seems to tone up the bodily pro
cesses by supplying the missing elements.
Prof von Behring, the celebrated dis
coverer of diphtheria antitoxin, announces
in a recent German medical weekly the
discovery of a protective inoculation
against diphtheria. It consists of a mix
ture of diphtheric toxin and antitoxin.
Prof von Behring asserts that no unfavor
able results follow the injection of his
remedy, which gives complete immunity,
similar to antism.illpox vaccination. He
considers the new vaccine, specially valu
able for persons attending diphtheria pa
tients. For the present it will not be
made public, but will be handed over to
hospitals for further experiments.
Unslaked lime has been used . success
fully for thawing frpzeu earth in West
Liberty, la. Sewer trenches were being
dug during the winter months. The ground
froze to a depth of four feet and resisted
all efforts of the trenching machine to
break it. Finally, says Popular Mechan
ics, quicklime was broken up into small
pieces, spread the width of the trench to
be opened and covered with straw, hay
or manure. Water was then poured upon
it. the covering retaining the heat, and
this, with the hot water, penetrated the
frozen ground sufficiently to enable the
trenching machine to make headway.
A novel adaptation of the motorcycle
is noted in the Engineering News by the
Philippine correspondent of that journal.
A motorcycle, belted to a circular saw, is
in use on the construction of an Albany
province school-house. B. F. Mills, a
former district engineer of the bureau
of public works of the Philippine islands,
is the contractor for the building and the
originator of the scheme.
A new world’s altitude record was es
tablished by the French aviator Petre
yon. In a monoplane he rose to a hight
of 19,650 feet or nearly four miles. An
other French aviator named Guillaux made
a world's record flight from Savigny to
Paris in one hour. The distance is 118
miles. Chevillard, another aviator, car
rying four passengers in a biplane, rose to
a hight of 4920 feet, establishing a new
record.
DR ABBOTT’S VERSION,
How He Came to Be “Fired” From
the American Peace Society’s Liat
of Vice-Presidents.
[From the Outlook.]
The American peace congress which
held held its session last week in St Louis
is composed of a number of peace socie
ties. among them the American peace
and arbitration league and the American
peace society. The action taken at the
congress which has caused perhaps the
widest comment was not an action taken
by the congress itself, but. by one of the
constituent societies. This was the re
moval of the name of Dr Lyman Abbott
from the roll of honorary vice-presidents
of the American peace society. The rea
son given for this action was that Dr
Abbott had signed a petition of another
society whose representatives were pres
ent at this congress—the navy league of
the United States.
This petition asked for two things’ first,
for the reorganization of the personnel of
the navy, in order that the navy might
bo made more efficient by having younger
officers in high positions and thus securing
fleet commanders with longer experience
than the navy can now have; and, second,
“a continuing and consistent, program of
naval construction, to he formulated by a
council of national defense duly author
ized by Congress." In amplifying this
statement of a "policy for building up the
navy” the petition declared that “to fix
the country’s standard, the proposed coun
cil of national defense should take into
consideration national defense, American
policies, and the naval programs aud mil
itary strength of possible opponents." The
petition included no request for more bat
tleships.
It is evident that by its action the
American peace society was willing to
place itself on record against the reorgan
ization of the personnel of the navy and
against a consistent naval policy of con
struction with a view to national defense.
There are undoubtedly some Americans
who hold that peace will be promoted by
a policy of rendering the army and navy
inefficient. This is not the position of the
American peace and arbitration league, or
of the Carnegie peace foundation. It ap
parently is the position now of the Amer
ican peace society.
The theory that peace does not always
follow as a result of inability to defend
one’s self was amusingly illustrated at St
Louis during the .congress. A peace del
egate on the way to a disarmament ses
sion got into a fight with a pickpocket who
had seized his purse. The peace delegate
was a poor tighter snd it was necessary
for two other men to come to his rescue.
Ope of these received a black eve.. The
purse was restored after the arrival of »
policeman had brought ab®nt peace.
THE SPRINGFIELD WEEKLY REPUBLICAN: THURSDAY, MAY 22, 1913.
NEWS IN THE BUSINESS WORLD
FEDERAL SUPERVISION IS ASKED
Eidman File* Brief WHh
CommfMNiou JteKarding Sew Haven
Investigation. .+
The second brief following the investi
gation of tho railroad situation in New
England was filed Saturday with the
interstate commerce commission. This
is the brief of Joseph B, Eastmdn, who
was the associate of Louis D. Brgndeis
in the hearings^that is tp say, this brief
practically represents the case against the
New Haven. ,
Mr Eastman begins with a, “{lrelimi
nary statement" in which he quotes Com
missioner Prouty. as saying “the railroad
transportation of . New England has cbme
to be almost a complete monopoly. There
is bo other part of this country where
the same territorial and the same com
mercial interests are involved, in which,
the same condition of monopoly exists.”
Mr Eastman points Out that the
monopoly is the New York, New Haven
and Hartford, and that all the people of
New England have therefore a vital in
terest in the service that it gives, the
rates that it charges and the investment
which its securities offer. The investiga
tion was begun, he adds, because of com
plaints about service, and Mr Eastman
says baldly, that the evidence has shown
that demoralization in service existed. The
evidence has also shown, he claims, that
important freight and passenger rates
have been advanced materially, and that
it is a matter of common knowledge that
the securities of both the New' Haven
and the Boston and Maine have suffered
an “extraordinary decline” in price with
in the last few years, and that a re
duction of dividends either has been made
or is contemplated in the case of both
companies.
"The purpose of this brief,” goes on
Mr Eastman, "is to show, from evidence
produced at the hearings or contained
in public documents, what the causes,
in large measure, have been. This evi
dence shows:—
1. That the New York, New Haven
and Hartford railroad company has, in
recent years, used immense amounts of
capital in acquiring, at grossly extrava
gant and wasteful prices, securities of
steamship, trolly, railroad aud other pro
perties.
2. That this company has provided for
the construction of new railroad lines
upon prodigal and wasteful terms.
3. That it has spent large sums ot
money for political and legislative pur
poses in a manner open to severe criti
cism.
4. That it has attempted to disguise
and conceal the consequences of its ex
travagance and waste by neglecting ade
quate provision against the depreciation
of its properties, by a confusing and at
times misleading system of bookkeeping,
and by complicated and intricate transac
tions with its numerous subsidiary com
panies.
5. That its extravagance and waste has
been made possible by loose corporation
laws and lack of proper supervision in
certain states in which it operates and
by evasion or disregard of the laws of
the commonwealth of Massachusetts.
6. That the lack of public supervision
and proper publicity in regard to the
affairs of certain of its subsidiary com
panies deprives investors and the general
public of the information in regard to
this great transportation system to which
they are rightfully entitled.
Regarding publicity the brief has this
to say: “It is impossible to determine the
exact financial condition of the New Ha
ven railroad, or to follow and understand
its transactions without detailed knowl
edge of all its various subsidiary com
panies. The integrity, for example, of the
'other income’ which the New Haven re
ceives through dividends on the stock and
interest on the debentures and notes which
it owns, depends upon the financial con
dition of the companies issuing such se
curities. This condition cannot be esti
mated without, knowledge of the source
of the income of those companies, the pro
visions which they make for maintenance
and depreciation, and the character of
their operations in general. This informa
tion. in many instances, is not available.
Until it is available, through the medium
of sworn returns to public authorities, in
vestors and the general public areweeprivod
of knowledge to which they are rightfully
entitled.”
The conclusion follows: “The history of
the New Haven company, reduced to sim
ple terms, is comparatively easy to under
stand. Its policy has been to eliminate
competition and gain complete control of
the transportation of New England. In
carrying out this policy it has paid any
price which seemed necessary to achieve
its ends, and the result has been a heavy
burden upon the property, from which it
is now suffering.
"Its officials doubtless hoped and expect
ed that increase in population and busi
ness and the possession of a monopoly
would enable the company to carry this
burden. They probably felt that, in case
of difficulties, rates could be raised aud
fares increased, thus shifting the burden
from the stockholders to the public,
“One lesson which this history' teaches
is that the federal government must ex
tend the scope of Its supervision and regu
lation over interstate common carriers.
No state by lax laws should be able to
nullify the efforts at supervision and regu
lation made by neighboring states, and it
would seem that the federal government
alone is in a position to make this impos
sible. The diagnosis of the case indicates,
among other remedial measures, federal
supervision over capitalization and the is
sue of securities by interstate carriers,
federal limitation aud regulation of the
power of acquiring and holding stock and
securities of other companies, federal su
pervision of all subsidiary companies and
the enforced publicity by this means of
their affairs.'”
NEW HAVEN DIVIDEND IS CUT.
Company Had Paid 8 Per Cent Since
1895 and 10 Per Cent Before That.
The New York, New Haven and Hart
ford railroad company at New York
Thursday reduced its dividend rate from 8
to 6 per cent a year by declaring a quar
terly dividend of 1% per cent.on the com
mon stock. The road has been paying 8
per cent since 1895. Between 1873 and
1893 the stock paid 10 per cent and its
shares sold as high as 279. The stock sold
ns low as 102% during the past fort
night.
On the floor of the Boston stock ex
change even bets were made that the
New Haven directors would declare a
quarterly dividend of per cent or bet
ter at the meeting to be heW'at Grafid
Central station after the close of busi
ness. Early this year the price was
129%, compared with 142%. the high for
1912 151% for 1911, 1(12 for 1910. and
174% for 1909. For many years New
Haven never sold below S2OO a share.
MELLEN TRIAL POSTPONED.
No Hearing- Until Fail ot Manslaugh
ter Charge Against President and
Vlce-Preaident ot New Haven
Road.
State Attorney Stiles Jndson announced
Tuesday at Bridgeport, Ctt; that the ernes
of President Charles S. Mellen and Vice-.
President E. H. McHenry of the New,
York, New Haven and Hartford railroad,'
charged with inaiislaHghrer ln ennnection
with die ■ Westport w rec If W last WefbHf.
would go over until the September term of
the, superior court. ..Owing, to the, assign
ment of jmlgea.-Jie said, insufficient time
would he allowed at the present session, ut
whl' li it had been expected the trial would
.I^,.taken up. ~ .■■
.COMMITTEE FORMED IN BOSTON
To Make Heeou on Advisability of
Conttnulitfi; F^eshnt Policies of
Company,
As a result of conferences between
shareholders and renri sentatives of trus
tees and institutions holding blocks of
stock of the NcW York. New Haven and
Hartford rnilriad. a stockholders' commit
ted has been formed tor the purpose not
only of acting a? a proxy for sharehold
ers, but also to bring to bear on the pres
ent complicated New England railroad sit
uation the unprejudiced judgment of rep
rerintative men of affairs not previously
[concerned in policy of management The
committee consists of George Von L.
Myer (chairman) Charles F. Adams. 2d,
Philip Dexter, Wilmot R. Evans, president
of the Boston five rents savings bank;
James L. Richards mesident of Massa
chusetts gas companies : Charles A. Stone
of Stone & Webster, and Eugene V. R.
Thayer, president of Merchants' national
bank of Boston. Richard Olney and Brad
ley W. Palmer will act as counsel.
DEPOSITORS GET 74 PER CENT.
Windsor Locks Bank Receivers Will
Pay All Bat Original Scaling: ot 26
Per Cent—May Eventually Pay En
tire Amount.
Special Dispatch to The Republican.
Haetfobd. Ct, Friday. May 16.
Depositors of the defunct Windsor Locks
savings bank were made happy again to
day when Judge Marcus H. Holcomb, in
the superior court, gave authority to Re
ceivers Fred P. Holt and Norris S. Lip
pitt to pay an additional dividend of 25
per cent. The dividend will amount to
$110,009.07. Receiver Holt told the court
that there is on 'hand the sum of $126,-
964.27 from which to pay this dividend.
Former dividends to the depositors have
been of 50 and 25 per cent each and the
dividend now in prospect will pay the en
tire amount due the depositors exclusive
of the 20per cent scaling which was au-.
thofized by the court something over a
year ago just before the bank closed its
doors.
Mr Holt informed Judge Holcomb that
in his opinion this is not by any means all
that the depositors will realize from the
assets of the bank. In addition to the sur
plus which the receivers will have after
the payment of the dividend authorized
to-day. the receivers expect to collect
something in their suit against the estate
of Miss Carrie Jordan of Dorchester,
Mass., for the return of insurance stock,
also in the suits aggregating $390,000
against the former directors of the bank.
Mr Holt thinks that the depositors will
eventually receive a full 100 per cent.
To the court to-day Mr Holt explained
that bonds of the city of San Diego, Cal.,
and of Pueblo, Cpl., which are inventoried
in the bank's assets at par, will bring only
95 per cent. He also told the court that
the stocks of several railroads similarly
held are inventoried at more than the re
ceivers can Sell thdm for in the market.
Judge Holcomb commented that it would
be rather difficultTS sell stocks at more
than- market valued -and granted the re
ceivers permission to sell at the best prices
possible. ’The retetver fnrther explained
that the Buffalo Awl Susquehanna stock
held by the bank wilj sep for, about S7OO
more than the inventory and will more
thaff offset the ffapfecirftion of the others.
lit IT I •
FOUR RAILROADS INDICTED.
Accused Alons With. Coal Company
ot Rebating; and Discriminating.
Five indictments,charging rebating and
discriminating in 63 counts were returned
late Friday against four railroads and
a coal company by a federal grand jury
at East St Lotfis, 111. The indictments
set forth instances wherein it is alleged
the laws were violated by the Vandalia;
Cleveland. Cincinnati. Chicago and St
Louis (Big Four); Chicago, Indiana and
Southern; the Grand Trunk railroad, and
the O’Gara coal company. The penalty
that may be imposed for violating the
Elkins law, in case of conviction, is a
minimum fine of SI6OO for each count
and, a maximum of $2Q,000 for each count,
or $1,260.00(1 for the 63 counts. In the
conspiracy charge, however, there is no
minimum^ and the companies may be fined
SIO,OOO for each of the seven counts,
making $70,000, or $1,330,000 for the 61
counts.
One of the most startling facts the gov
ernment hopes to establish is that the
O’Gara coal company, a New York cor
poration, is virtually owned by the Big
Four. The assumption is strengthened by
the belief that T. J. O’Gara of New York,
president of the O'Gara coal company,
with other officers of the company learning
that the grand jury was working on the
charges, hurried to East St Louis. Dis
trict Attorney Troutman of East St Louis
and his assistant, John E. Hamlin, and
Attorney S. Murray Clark, prepared most
of the evidence, hut the work was directly
in charge of August G. Gutherm of Wash
ington. an attorney for the interstate com
merce commission. The cases probably
will be begun in Danville next September.
It will not be possible to try them at the
November term in East St Louis. accord
ing to District Attorney Troutman.
AUSTRALIAN MEAT ARRIVES.
First Shipment Reaches San Francisco
—Font Refrigerator Ships Ordered
for the New Service by One Line.
I Four hundred thousand pounds of frozen
Australian beef and mutton, the first ship
ment of its kind to the Pacific coast, were
landed at San Francisco last week from
the steamer Tahiti. The meat was sold in
Australia with the understanding that a
nominal profit should be made here. If
the agreement is violated, Australia will
ship direct, eliminating the middleman’s
'profit aud assuming all the risk. An im
mediate fall in prices is expected. Cali
lornia and the Pacific coast states eat
meat raised west of the Rocky mountains
and comparative tables show that the av
etage of price is higher there than in Chi
eggp. In an effort toward reduction, in
dependent dealers arranged for the Aus
tralian shipment. The Union steamship
company of New Zealand is so certain that
the trade will be 'permanent that it has
placed orders for four refrigerator ships,
to be used exclusively on the Australian-
San Francisco run.
B. AND A. CONNECTION APPROVED.
Albany Extension to West Shore Line
Will Cost $10,090,000.
The proposed “Short” connection be
tween the lines of the Boston and Albany
and West Shore railroads, to be ctinstrnct
’s4 « few miles south of Albany, will cost
approximately $10,900,000. according to
Vice-President A. T. Hardin of the New
Y’ork Central vompAny in applying Tves
dfiv to tho public service commission at
Albany. N. Y.. for permission to make
the improvement- The public service com
mission, granted^the application. The plans
set WProyed, yard,
tn+StHes-vn-Bofli thee Mt-and west shores
|of the Hudson river ana a $5,000,000
: bridge.
j “THE LIRE OF THE IRON TRAIL.”
‘ It is only in recent years that the im
|. portant department of apologetics, the evi
dence of Chrjstian experience, has re
ceived anything bnt scant recognition in
sciehtifi'- 'tiSfUsaions of theology. The
most celebrated of the later books in this
field is Prof James’s “Varieties of Ke-
I ligious Experience.” To this Harold Beg
; hie added Ms “Twice Born Men," as a
1 footnote. In the same charming and con
vincing manner Ward W. Adair has writ
ten ‘The Lure of the Iron Trail” (Asso
ciation press). This volume of short biog
raphies of railroad men "affords,’’ as he
affirms, "a field of investigation to all who
are interested in the psychology of re
ligjoits experience.” One is piofoundly
impressed by the changes which came in
the lives of these railroad men. mostly by
violent upheavals in the twinkling of an
eye. Wo can attribute the force that grips
their lives, amid interesting, romantic and
dangerous surroundings, to nothing else
than the power of God.
MONEY AND BUSINESS.
CONDITIONS IN BUSINESS.
Business held its own the past week
fairly well. It is certain that these are
some powerful underlying forces in oppo
sition to any serious or prolonged depres
sion. ■ The most important of these is,
of course, the present crop outlook. But,
putting that aside as a mere potentiality,
there are actualities worthy of attention
at the present moment. The export trade
for April shows a gain of 8.2 per cent
over a year ago. The enormous exporta
tion of copper in the same month was a
favorable factor in the metals market.
Copper consumption is proceeding, appar
ently. at a high rate abroad. Railroad
traffic in this country continues to be
heavy, the gain in the first_ week of May
over the year before being 7.2 per cent.
The railroad situation seems improved in
other respects, for the prospect that the
petition for an increase of freight rates
by 5 per cent will be granted now appears
excellent. While the cutting of the New
Haven dividend to 6 per cent is depressing
on its face, the real facts of the New nm
glnnd railroad situation must lead to the
vopclusiou that things are better for Bal -
ing that long-delayed operation over, the
rebound in New Haven shares by from
two to three points, following the direc
tors’ action, bears out that view. It
should be noted that, as a 6 per rent
stock New Haven finished the week, after
all its vicissitudes, some five to six points
higher than New York Central, which is
a 5 per cent stock to be sure; yet Penn
sylvania shares, on a 6 per cent dividend
basis, sold Saturday last only five points
higher than New Haven. In view of the
prestige of Pennsylvania railroad securi
ties this comparison indicates that there
is still little distrust of the fundamental
soundness of the New Haven as a rail
road property, compared with the other
great eastern systems.
Bank clearings for the week indicate no
marked recession of business outside the
centers of stock speculation. Bradstreet s,
for the week ending Thursday, shows a
decline over 1912 of four-tenths of 1 per
cent for the whole country. New York
city’s decline being 14.2 per cent. Ihe
New York Financial Chronicles record
shows a shrinkage, in the week ending
Saturday, of 8.5 per rent for the whole
country. New York’s shrinkage being 13. J
per cent and Philadelphia. Baltimore and
Chicago all showing increases. Analysis
of the clearings by sections and cities
seems to show, as Dun’s agency reports,
that the decline is due largely to the ex
ceptional dulness of stock trading in New-
York, the total sales of shares for the
week falling below a million, the lowest
record for the week in years. Last year
total sales of shares in New York reached
3.664,017 and two years ago about <he
same figure. During last week also the
lowest average in prices since July, 1910,
was reached.
The week's developments in trade .and
industry indicated, if anything, a slight
gain in several directions, compared with
the weeks immediately preceding. Further
tests of the carpet trade were again reas
suring, one large New York carpet and
rug house acknowledging its mistake in
reducing prices by restoring the old price
list. Auction sales were declared success
ful in demonstrating power of con
sumption. In the cotton goods market
the sentiment was better and print cloths
continued firm. The demonstration that
domestic stocks are low tends to steady
the market and drives home the lesson
that those counting on marked reductions
in textiles, as the immediate result. ot
tariff legislation at a time when foreign
mills are very busy supplying .their
regular patrons, may be disappointed.
Everyone concedes that tariff legislation
is a factor in slowing up manufacturing
this spring, but the manufacturers cry
of wolf in the ears of congressmen proba
bly reacts upon buying much as the mar
ket reports of the New Y'ork Journal of
Commerce indicate in the following com
ment- "Salesmen who are now on the road
•seeking additional business are writing in
’to their principals to the effect that they
‘are unable to make much headway on
‘late orders because of the belief that
‘prices will he lower as a consequence of
’the operation of a new tariff law. The
‘salesmen say they find it difficult to dis
prove the likelihood of lower prices when
‘confronted by some of the statements
‘mnnufiicturers are making."
Those who expect a good fall trade in
this country on the basis of excellent
crops and a fairly early enactment of the
new tariff law are not without much justi
fication for their opinion. There is reason
to think that the steel industry would
have u new buying movement from the
railroads in case the interstate commerce
commission should grant the desired in
crease in freight rates. As it is. the steel
mills’ present contracts will keep them busy
for several months, notwithstanding the
present shrinkage m unfilled orders. The
uncertainties of the money market, on
the whole, appear to embody the most
serious menace to business during the re
mainder of the year, and at this moment
the whole world scarcely knows what
to think of the outlook.
Paris has now taken $10,000,000
in gold from New York since May
6, at a high cost, and the low
state of the bank of England’s reserve in
dicates that there is no prospect of a
further reduction in the discount rate in
the near future The flat failure of the
Brazilian loan has had a restraining in
fluence abroad, and now the marketing of
the new Chinese loan in London will
afford a further test of credit abroad.
In New York, the week now opened will
witness the placing of the $45,000,000 issue
of New York city Ila per cent bonds aud
this episode will doubtless have an im
portant bearing us a test of the American
investment market. The city will be
luckv to place it at a fraction above par,
as matters stand. The New Y’ork hanks
closed the week with the surplus rcseive
up $5,700,000. and their present position
is somewhat better than the average for
the season. _________
TUESDAY'S MARKETS.
Set Back by Bids on New Y’ork Banda-
After slowly gathering strength during
the greater part of Tuesday's market
at New Y'ork. stocks received a setback
late in the session, when bids were opened
for New York city's $45,000,000 issue of
4Y> per cent* bonds. The bids fell consid
eriibty below the usual estimates. The view
commonly held as to the probable issue
price of the bonds was indicated by the
trading in the bonds "when issued," which
has been in progress on the curb tor some
fi-nic. The-lionds sold as high as 100%,
and yesterday r«ere were sales nt 10014
before the bids were opened. When it be
came known that bids from some of the
largest financial institutions were being re
ceived nt par or slightly above, he bonds
sold off to 100 3-16. and the outstanding
city issues also weakened. Tuesday's
stock quotations follow:—
Net
Sales. High. Low. Close cb’e
W Aills Ch spd 714 7'4- %
I&iOo ABial Copper 75 73% 7W- 14
too Am Beet Sugar 2P% 20% 20%~ %
100 do pref ’ 72% 72% 72%-5%
4.. W Am Cau 33)4 32% 32%— %
50ti do pref ic 'M +% i
100 Am Cot Oil 41 41 41 - % :
100 Am H&I. pr 22% 22% 22%— %
100 Am Ice Sec 24% 24% 24%— % !
300 Ara Loeomo 33 33 33 - %
l.OfiO Am Smelting 078. 60% 67%+ %
2<X) do pref 102% 102 c 103%+ %
100 Am Sugar 110 110 110
400 Am Tel A Tel 128% 128% 128%+ %
100 Am Tobacco 22'1 226 226 “fl
200 do pr new 103% 103% 103%+ %
300 Anaconda 38 37% 37%
1.000 Atchison 90% 00% 90%+ %
100 At Coast Line 122% 122% 122%+1
100 Baldwin Loco 48 48 48 +1
800 Balt & Ohio 08% 98% 96%+ %
100 do p-ref 79% 79% 79%-%
100 Beth Steel p r 71 71 71 +l%
4.350 BklynßapTr 91% 91% 91%
1.300 Cai Petroleum 42 41% 41%+ %
8.770 Can Paciflc 237% 236% 23614—1%
trsi Cent Leather 23% 23% 23%+ %
2,100 Ches & Ohio 65% 04% 64%- %
100 Chic Gt West 14 14 14 +%
2,000 Chic M&St P 108% 107% 107-%- %
100 Chic & N W 129% 120% 120%— %
1.500 Chino Con Cop 30% 38% 38%+ %
200 Col Fuel & Iron 31% 31 31%+ %
:O0 Consol Gas 131% 131% 131%+!%
200 Corn Products 10% 10% 10%+ %
100 Den A- R G 17% 17% 17%— %
300 do pret 32 32 32 + %
2,500 Erie 28% 27% 28%+ %
100 do Ist pref 43 43 43 + %
400 Gen Elec Co 139 13«% 139 + %
800 Goodrich. BE 30% 30 30 - %
100 do pref 93% 93% 93%+1%
500 Goldfield Cons 2 2 2
3.200 Gt North'n pr 127 126 126%+%
500 Gt No Ore sub 34% 34 34%+ %
425 Guggen Exp 46% 46% 46%+ %
100 Illinois Cent 115% 115% 115%+ %
2.400 Insp Copper 17% 17% IT l ^.—%
1.200 Inter Met 14% 14% 14%+%
2.100 do pref 51% 51 51 -I- %
200 IntHarN Tpr 112% 111% 112%+’.%
100 KC & South 22% 22% 22%— %
1,100 Lehigh Valley 155 1 54% 154%+ %
400 Loose-Wiles 32% 32 32%+1%
200 Txmts & Nash 132% 132% 132%+ %
300 Mackay Co 82 82 82
400 Manhattan El 130 129% 130 +l%
2,500 Mex Petrol 66 65 65%+ %
100 Miami Copper 23 23 23
100 Mex Petrol pr 90 90 90 —5
1.600 Mo K A Tex 23 22% 22%— %
900 Mo Pacific 35 34% 34%+ %
100 NatEnASpr 80 SO 80-2
.300 Nat Lead 47 47 47
300 Nev Con Con 16% 16% 16%
2.300 N Y Central 100% 99% 100%+ %
SOO N Y N H & H 105% 105% 105%+ %
200 N Y Ont A- W 28% 28% 28%— %
500 Norf A West 105% 10.5% 105%
500 North I'ariftc 114% 114% 114%- %
100 Pac Tel A- Tel 31 31 31 - %
4.900 Penn R R 110% 110% 110%-%
100 People sGA- C 100 109 109
100 PC c A St L 93 93 93 —l%
200 Pitts Coal 17% 17% 17%— %
200 do nr»f 81% SI 81%+ %
100 ritt FW& Ch 157 157 157 -9
250 Pull Pal Car 154 154 154 -1
400 Rar Con Cop 18 IS 18 + %
38.600 Reading 161% 160% 160%
210 Rep Ir &S pr 81% 81% 81%+ %
3.800 Rock Island 17% 16 16%
1,400 do pref 30% 29% 29%+ %
100 Rnmely 27% 27% 27%
100 do pref 54 51 54 — %
100 Seaboard AL 16% 16% 16%-%
100 do pref 41% 41% 41%+ %
300 st L A- San F 9% 9 9%+ %
1,700 do 2d pref 15% 14 14%— %
100 Sears Roebuck 166% 166% 166%+!%
6.100 South Pacific 97% 96 96%+ %
800 Southern Ry 24% 23% 24%+ %
600 do prof 77 76% 77 +B,
200 Tenn Copper 34% 34% 34%+ %
100 Tex A Pac 16% 16% 16%
100 Tex Company 10514 105% 105%— %
300 Third Ave 34% .34% 34%
200 Tol St LA- W 11% 11 11%+1%
100 UnderwTvne 81% 81% R1%+1%
31.850 Union Pacific 150% 148% 150%+1%
130 Tn Dry Goods 95 95 95 +1
150 United Ry Inv 22% 22% 22%+ %
100 do pref 45% 45% 43%+l
100 I’ S Real & Imp 65% 65% 65%— %
400 U 8 Rubber 6311 62% «3%+ %
1(10 do Ist nref 104% 104% 104%— %
37,624 U S Steel 60% 59% 60%+ %
600 do pref 106% loir’s 105%+ %
so i Utah Conner .50% 50% 50%+ %
500 Va Car Chem 26 26 26 — %
400 Wabash 2% 2% 2%
200 do pref 7% 7^ 7%- %
200 West Marv nr Si 55 55
100 West Un Tel 65% 65% 65%+ %
200 Westinghouse 62 62 62 + %
+lO Woolworth 91% 91% 91%+1%
200 do pref 111% 110% 110%
Local Provlalon Market.
MEATS.
B»eon 20+25 Sausages (pkg)
Sliced bscoa 30(1138 22@27'332®:3
Lead 12®1S Sausage meat (lb) 20
Pork— Frankforts 18
Fresh 15iai8 Bologna 18
Salt 16@18 Hams sliced 80035
Roasts 2202$ Tongue 25528
Chops 2062203 Tripe 8312
Lamb— I “ honey eombed
Legs 22525 10@13
lu.ionarters 25:Mutton—
Forequarters 14 Forequarters lOftlS
Chopa 30*40 I>ga 18020
Beef— ICalf's liver 35
Round 25335 Veal-
Rump 35340 Steak 3.5038
Porterhouse Cutlet 35038
35@40045 Roast 18023
Chuck 14016 Chops 25828
Hamburg 15025 ..arters 14020
Roast 25028 Fowl 2502’
Short 29032 Chicken 2803"
Corned (lb) 8022 Philadelphia do 32035
Corned pressed Western broilers 25330
30035 Native broilers 45
Dried 35040 Squabs (pairl 1.20
Smoked 350+’ Pigeons (pair) 50
Liver 14 Capons 3584(1
Suet 10 Turieys 28030835
Smoked shoulders 15 Spring ducks 30835
Hams 22025
GROCERIES.
Buttei— Pickles (qt> 30ij40gM
Tub (new) 32036 Viuegar (gab 20Q40
Creamery 42 Sugar—
Bntterine 25030 Granulated (IS
Cheese— to 20, 1.00
New 25 Brown (ID 100
Old 28 if >l2) 100
S ■‘las 38 Powdered (12) 1.00
Edam (each) Molasses (cab P. R. 65
1.0001.25 Maple sirup (gal) 1.50
Sage 32 Eggs (dozen) (local)
Roquefort 48 20035
GRAIN AND FLOOR.
Whaat— !Oata(bu)new 47
N* I white (cwt) Corn—
-202 20 West (cwt) 1.3501.40
Bran (cwt) 1.3001.40 Northern (bn> 1.00
Middlings (cwt) 1.45 Hay bailed (ton) 23025
By» ted (cwt) Straw (cwt) 1.20
4 5001.60 . inseed oil meal 2.35
Mlxad feed (cwt) r nseed meal 1.75
1.3501 4J'Flotrr—
Gluten (cwt) 1.6501.70 St Louis 006.25
Hve(lb) 304 Haxall 5.75
Cornmeal (cwt) * Graham 5.75
1:3561.401 Entire wheat (lb> 4
Checking Accounts
THERE is a distinct advantage in depositing
all the money which you receive and then
making disbursements by check, as the
check becomes an unquestioned evidence of pay
ment, and can be preserved as a receipt. This
bank extends every courtesy to all patrons, with
out regard to the size of their accounts.
Union Trust Company
“Springfield’s Leading Commercial Bank”
VEGETABLES AND FRUIT.
Fiench endive 43040 Wax Beans (qt) 15
Brnch beets 10013 ,reen st. beans (qt)
Punch carrots 10015 15
Bunch Turnips 15 Dandelions (pk) 20
Green Peas (qt) 10 Pineapples 10030
Hothouse tomatoes Pineapples (do»
40 1.1002 50
Florida tomatoes Strawberries 15825
Parsley (bunebi s^lo
Grapefruit (each! Cabbage AM new 5
b^KXSIo Egg plant (each)
Apples— 13030
Baldwin (pin 40065 r^ttnee 8010
(barrel o.OOStX .A Celery ibnnch> 12020
Russett (pk) 408.j0 Oranges—California
(barrel) 300 (dozen) 40075
Cranberries (qt) 17 Florida
' 25 Dnlona (peck) 20080
Potatoes (pk) .10 5
110 Bermuda (lb) 10
nt-? P° tatoes CO Green peppers (each)
23 s
Ncr potatoes (pk) 75 Bananas 20025
Asparagus (bunch) bananas 30050
„ . t Figs 20825
Hot-houae cucumbers Dates Ohl 12014
Banking and Financial
A. W. NASON & CO
INVESTMENTS
318 Main Street, Springfield
Bonds
Short-Term Notes
Preferred Stocks
Correspondents of
STONE & WEBSTER
BOSTON.
SPRINGFIELD
FIRE AND MARINE
INSURANCE COMPANY
CASH CAPITAL, $2,000,000.00
A. W. DAMON, President.
CHAS. E. GALACAR, Vice-PreaX
W. J. MACKAY, Secretary.
PRIOLEAU ELLIS, Ass’t Sec’y.
E. H. HILDRETH, Ass’t Sec’y.
GEO. G. BULK LEY, Ass’t Sec’y.
F. H. WILLIAMS, Treasurer.
Springfield Agents:
Oppenheimer & Field, 14 Fort St
Sammer Resorts
THE WOLCOTT SCHOOL
Capitol Hill. Denver. Colorado
ACCREDITED WITH EASTERN’ COL
LEGES FOR GIRLS. FINE MUSIC
ADVANTAGES. GYMNASIUM. DANC
ING. OUTDOOR SPORTS.
For Sale by Parcel Post
GOOD smoking or chewing tobacco; Ken
tucky natural leaf, mailed anywhere.
30e per pound. NOVICE HARPER, Box
813. Mayfield Ky.
Help Wanted—Men.
MALE help wanted to work in an inatl
tutlon as nurses to care for the Insane.
Address Box 1178. Worcester, Mass.
Agents Wanted
OOD experienced agents for coming fad
-T of merit. W. W. P., Republican Office.
Banking and Financial
Summer Resort
Literature
The Republican is
glad to distribute to
its readers booklets
and circulars de
scribing the resorts
it advertises.
Such literature
will be sent any
where by mail pro
vided postage is for
warded with the
reddest.
Be sure to specify
the resort or locality
concerning which
you desire informa
tion, and send at
least 4 cents in
stamps.
Educational
15