New-York tribune. [volume], April 20, 1905, Page 2, Image 2

About New-York tribune. [volume] (New York [N.Y.]) 1866-1924

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I
much Inclined to doubt that they should h»v»
to pay hotel bills and railroad fares, even for\
their families.
A committte to for:r« ?. pr<— .lanent association
of managers was r.ji-oiiit-1. Lart night this
committee held a rueetinff and drafted a con
stitution and by-law?, arhirn ivlll be voted on nt
the meeting to-day. Thhi • ommlUee. according
to the Hyde party, is a clcwr part of the Tarbell
campaign. It n 111 be a moft Important means
for the gathering and control of proxies, they
cay. if the' mutuulization plan ever goea
through
AGENTS IN FIGHT FOtt CONTROL.
la this connection, they ssy. many directors
are becoming tired of ih? cttitude taken by the
agents and the pugeirtior.n from them as to
thu way the company «-hou!d Le run. Host of
the men at this conference, Mr. Hyde's friends
say, are men who hare entered, into compacts
with Gage E. Tarbell t.» h'-lp him obtain the
control of the society. Fr<>a. them, or through
them, came the letters from country policyhold
prs, which, delivered in big batches each day.
demanded mutual/zaOon, they say, and tSe-e let
ters first started President Alexander to ark
for a mutualixation :>l.".?\ with his subsequent
attacks on Mr. Hyde.
"Mr. TarbeU gol control «'f the agents by hold-
Ing out to them the fln*» things they would have
when he boiamo the real power In the society,"
said one of Mr. Hyde's friends, "having ousted
the vk-<r>-pr<>sidor.t and superseded Mr. Alexan
der, who was scheduled to become only a figure
head. Nearly all the men who arc prominent In
this agents' demonstration aro heavily in debt
to the soi iety for advances on renewal accounts. (
Some of thorn aro really salaried men, who. Ac- 1
cording to the call s«nt out. had do right In the
conference. Among these aro launders, of
Michigan, and Dcner-n, of Toronto."
■A member of the committee of solutions is
Elmer Dwiggrins. of lowa, who was active in
■welling the volume of business In the Tarbell
month.' ar.d has been advanced fe5,000 a month
•Jurinjr ihe last rear, and now owes the society
about $r*»,<«Mf»," said another Hyde partisan
"Mr. Allenberg is a member of the firm of
Allenbcrg & Fleming, of Bpokai • and Seattle,
Wash. The society has recently advanced the
firm 1U3.0U0. and it owes $130,000. Many good
• -men who handle agencies all over the country
were excluded from participation in the meeting
by Mr. Tarbell because he feared ;h-«ir influence
would be exorteil to protect the imprests of the
Equitable against the extreme measures con
templated. Oeure^ T. Wilton, the third vice
president of the society, wns not invited to at
tend the meeting, which was considered almost
aa lnpuJt to him. He attended a luncheon given
at thp Lawyers' Club last week by Mr. Hyde to
J-quitable people, and made a sprech In which
liP deprecated, without mentioning names, th?
i.\ tacks tftade on "Ulcers of the '<pcif>ty, declar
ing that th^ be?t interests of the company i>
quire,} tlirh cessation. His sp?r-ch was Tn;per
ronal. but the Tarbell faeticn thought from Its
tone that Mr. Wilson ought rot to have nn op
portunity to mak; a elirHar speech to the
agents."
Th. afternoon Fcrsion developed a resolution
from the agents declaring that they did net afi:
lor themselves any part of the control of tho
Equitable, but demanded that throi'gh the
j'olioj holders tMs control "shall be so vested as
to best conserve t^eir interrs*?.' 1 A committee
I•f seventy-two was appointed to visit All any «'ii
Friday to petition tho C.nerr.cr and the Insur
ance Department for forcible mutuallsatlon of
the society. Another session will be held this
morning.
ST.AI.T OF ' HYDE-ALEXANDER FIGHT.
Some hist Dry as to what began the strife be
tween President Alexander and Mr. Hyde be
« a;; public yesterday. More than a year ago,
it was said. Mr. Alexander wnr.ted his son, P.
B. Alexander, <>#. tlu^-fcrofc^rnp* firm of Alex- 1
T-'Jt-r, Th>>n:as X: Davies. to become a member '■
*f the EquitaLi^'s.^xMMjiJve .•■;■-.. Mr.
Alexander hinisrlf had he*n watching all the |
torjvty's transartferis jn B^cnritie.9, according to
thif iiiformari'Jij. thr.t trf\v might l>e twang to
his aott'a firm, but th-ucht that it would be
».-iFier if the bmkrr himself became a member of
the oonunlttes.
?" Mr. Alexander went to Mr. Hyde with the
proposition that he retire from tho commutes
Jn favor of th" broker, the Ftory ran. Mr. Hyde
objected strongly, (shouting "Nepotism!** An i
ojen brrnk followed, nhica v. as for=t*red by I
Gsz* E. Tarbell. Mr. Alexander knew he had j
many relatives In fhu? Equitably berths, and
feared that then* might come a housccleanlng.
Mr. Alexander was .^vuns into Mr. Tart
.•■cheme<=, ran the information, by the promise
ths.t whfi Mr. Tarbsil bcamc the working bead
of the society all the Alpxandcr family would
be protected.
Mr. TarbVll created an exciting scene at the
Savoy yesterday morning in denying thi? narra
tive of 11. H. Knowlea, who accused Mr. Alex
adrr and Mr. Tarbell of dirty politics. He ar
jivr-d Just before the morning mc-eting of the
agrTits, pale faced, eyes flashing. Asked out
Mr. Knowles'a story, he burst forth:
"It's false In toto. That man Knowles is
putting into my mouth things he said himself. I
_E*V«P entered into any such trick. Who Is this
man Knowles, anyhow? Who knows him?"
THE CHECKS TO ALEXANDER.
'^The checks listed in Mr Hyde's letter 10
President Alexander were on exhibition yester
day. They all appear to have been deposited
-An Mr. Alexander's persona] account, save two,
which were sent 10 him within a few days of the
eventful meeting of the directors at which Mr.
Alexander made an attack on Mr. Hyde. On •
back of one of these checks Is written "trus- I
tee's account." This is one of the checks FaiJ !
"llCa have been deposited by Mr. Alexander in his i
own bank, but the amount of which was turned j
ever to the cashier of the Equitable, as de- j
jicrlbed In Mr. Alexander's letter.
— Mr. Alexander, referring to the statements of j
Mr. Hyde's personal attorney, said last night: j
""There is nothing to add to my statement In I
" " ? - : « morning's papers, v.hic-h shows my rela- !
• tion to these affairs, except to •II especial at- !
• t»ntlon to the correspondence which passed be- J
' fasaea Mr. Hyle and myself. Having made my ;
position cleiir, I am glad to submit every detail !
. of the business of the company to the invest!- .
• rations lining made by the committee of the !
• board and by the Superintendent of Insurance, j
' Meanwhile. 1 a*k people to read only with cau- !
tion the daily press statements emanating from
Mr. Hyde's lawyer and other partisan sources." j
HYDE ATTACK ON* ALEXANDER.
A statement by « psrtisan of Mr. Hyde yester
day In regard to Mr. Alexander's aJlcgr-d par
ticipation vi!. Sir. ttyd* In syndicate tranaac
j i:u:.f included tht» following]
i Dales are s!g;.:.'i.£.'-.?. Of tb« checks recfived '
• fey Mr. Al«x^ . iggrefaiins 551.4+5 &2, the first 1
• so<* b«rk to July, i&oi; four of th»m wore !
• In MM, ana tn* rrmiirir.g two in ISOi. This jn- I
• It'"-' coi/trover6j r»-ttc;.*d tfce public on Feb
rnary 3. but it had l*>*n lonu in reparation. Mr. j
• ■ A >■ x /» • 1 « <;.•- does «>ot cUj:;i to rsve returned any '
•Njf the maw. received from those transactions. j
1 — i — — — — — » — — — —^
- ■. ■ ■ :
your Hotel
hut ft ier%Je
Grape -JV ul*
if you a*K-
Order the food served dry
and with cream to pour
over it.
except «s to those received In January. 19&». al
though they were all of the same general cliarac
ter and were paid to him by checks nigncd "James
II Hyde f-ac' 1 (syndicate account). Even the
check of January 11. 1905., for |2S.2tW SI was de
posited by Mr. Alexander to the credit of his own
account at the Hank of Commerce. Ho notice has
ever Non riven to anybody that this check pr us
proceeds were over turned over to the Jvr>>it;ible
Society or that Mr. Alexander had any doubt or
bin right to keep the money which he had taken
and put into his own account. .
If the assertion of Mr. Alexander that b« did not,
during; all these years that he has been president,
know the sources from which his private hunk ac
count w:is beitiK replenished by these large checks
is to be taken seriously, his absence of curiosity on
the subject is at least remarkable. It would be
interesting to know whether In the Instances in
which Mr. Alexander lost money In the syndicate
be ascertained on what particular transactions the
losses were made before paying them.
It is fortunate for Mr. Hyde .nat this huge con
spiracy against his reputation and his property is
to be dragged Into the searchlight of publicity. It
st:ir(ed by ms« uerading in the sham form of "11111
tuallzatton." but Its real purpose Is at last apparent.
and its hideousness may be seen of all men.
Stripped of all cant, it is nothing more than a
sordid attempt to destroy the property of the young
man whose Interests have been confided to his
trustees.
Mr. Knowles'.i story raised particular con
sternation among the Tarbell and Alexander
forces. They got busy last night, and there
were several denials of it.
It was learned yesterday that Mr. Hyde had
engird by cable as his counsel Joseph H.
Choate. who will give up his post as Ambassador
t<» Great Britain and sail for this city the last
of this month.
WOULD BAR EQUITABLE FROM OHIO.
Columbus. Ohio, April If.— D. K. Williams, an at
torney, asked the State Insurance Commission to
day to atop the Equitable Life Assurance Society
of the I'nlted States from doing business In Ohio.
The commission refused to take such action, hold-
Ing thai the society had done nothing to cause it
to be ousted from Ohio. Mr. Williams refused to
slate for whom lie was acting.
FILING BRIEFS IN LORD SUIT.
Briefs In the Lord salt asking for an injunction
to restrain the Equltable's officers from mutual
izJng the society wUI be fil»-d in Justice Mad
■ our! in Brooklyn to-day by both parties
salt, by Samuel I'ntermyer, for Mr. Hyde,
and by various other intervenors. It will prob
ably i« several days before the Justice renders
any decision.
RECEIVER ASKED IN NEW-ORLEANS.
Ni w -Orleans. April D>. -EMgar M. fnhn. an nttor
r.ry, r:ie(i suit in the civil courts to day here, on be
■ iseU ana other policyhdlders of the
Me I, if. a - tdety, asking for a re
the Lnuhnana law and for an ae
ompany'a aiTnir?>, In \iew of the
lon. The petition represents that
Interests here.
OPPOSES PEXSIOX BILL.
Committee of City Club Gives Rea
sons for Rejecting It.
The committee of the City Club appointed to ex
amine the provisions of the Vale bill, providing
pensions for certain classes of city employes, re
ports strongly against it. The committee says that,
aside from the question of it beinsj good or bad
policy to pension civil employes, it is of the opinion
that the system proposed by Assemblyman Yale is
an impossible one. It should be opposed by the
City Club, says the report, not only because it is
unsound financially and incorrect in principle, but
because it would be likely to establish an extremely
troublesome precedent. Other reasons for opposing
it are stated a.s follows:
it not only substitutes .1 limited time service for
the usual basis of retirement, hut fixes no age at
which retirement may be compelled, falling, there
fore, as a measure for the correction of any actual
evil ■■: superannuation, if any exists.
It discriminates sweeplngly In favor of the older
men in the service, placing the expense of pension
ing thorn almost wholly upon the younger men.
It would commit the city to the support of a pen
pion U<u. and to the payment of Increasingly heavy
deficiency appropriations, without the slightest Jus
ttft>ntlon for th;, laying of such a charge upon tho
taxpaying public.
The member* of the City Club's committee are
Qeorge McAnenv, Homer Folks. Klliot H. Goodwin,
Herbert Parsons nnd Nelson S. Spencer.
VEFEKCE OF RETIKEMENT BILL.
Deny That City Will Have to Expend
Millions for Annuities.
To the Editor of The Tribune.
Sir ' A statement has appeared in your columns
to the effect that if the retirement bill for civil
employes, now rending before the legislature, be
comes a law th« city will be called upon to ex
pend many millions of dollars each year in ord»r to
meet the annuities, Permit us to state emphatically
that there is not a word of truth In the statement.
The employes themselves, numbering some six
thousand, bear the entire expense In the following
manner: Monthly deductions aro required to be
made from the salaries of such persons as desire
to participate in the benefits of the proposition. in
the proportion of 1 per cent for the first five years
of service, 2 per cent for the second jive years of
service. 3 per cent for the third five years of ser
vice, 4 per cent for the fourth five years of ser
vice. 5 per cent for the fifth five years of service,
and 6 per cent for the rest of their period of civil
existence. It is difficult to understand how the
city is und*r any expense, and it is more difficult
to understand why the situation should tie so
falsely represented. The bill do- 1 not contemplate
any expenditure of city money for the purpose of
annuities. It Is respectfully suggested that those
persons who have misrepresented facts come for
ward and over th'-ir own signatures in the public
7)r< »s indu-at^, any provision in the bill which re
quires the city to furnish any money for the pay
ment of annuities.
The proposition is merely a mutual plan of se
curing annuities with fixed assessments, and the
only way In which the city is interested is that
the Mayor, Controller and Chamberlain are desig
nated to act in a Judicial capacity on all retire
ments. In addition, the Controller is designated as
the custodian of the funds contributed by the em
ployes, and is also required to collect the monthly
contribution by deduction from the payrolls. Sure
ly this courtesy to the employes is not too much to
ask of the city. It is not considered practicable
for civil employe! to create a mutual insurance as
sociation, because it involves complexities with the
Insurance law.-, expenses of management and collec
tion and many other difficulties, all of which appears
to indicate that the 6,000 employees who are now
Ft-eking the benefits of an annuity system should
follow the path already made by 26,000 other city
employes, who are si this time included in retire
ment funds authorised by existing provisions of
the city charter. It should be noted, however, that
tho 6,0 i«) persons referred to purpose to pay the en
tire cost themselves out of their salaries, whil" in
contradistinction the 26,000 who are now covered
by the city charter do not bear the cost wholly; as
a matter of fact. 13,50i> contribute none of their
eai nings
In conclusion, permit us to challenge the tra
du^ers of this ben'flcvnt measure to step forward
mid exhibit publicly such clauses as they can find
In the bill as call for expenditures of city money
fcr annuities, and falling their ability to produce
such material let them acknowledge their errors.
:md then forever after hold their peace.
As un Indication of our views, there has been
deposited with the City Chamberlain the sum of
Jl.Otft) in cash by the undersigned, which he is hereby
authorized to "hand to any charitable Institution,
provided any person or persons can exhibit any
clause in the bill providing for the application of
city money for the purposes of paying annuities,
and, further, that as an evidence of good faith nuch
person or persons shall cover our forfeit with a
fckr.llar sum, which they shall apply as a donation
to the retirement fund for clvi! employes to be
« ■tabllsbed by tnls bill, if they cannot prove their
cttse.
JOSEPH HAAG, Accountant and Chief Book-
per.
YVIL.I.IAM H. JASPER, Secretary. Board of As
sessorc.
JOHN M. PHELAN, Auditor, Department of
Docks and Ferries.
JOHN' K. DAKRAGH, Bureau of Sewers.
JOHN H TIMMERMAN. City Paymaster.
FKANCIS B. CL.AIR. Auditor. Finance Depart
ment.
I*RED H. JOHNSON. Assistant Secretary, Board
of Education.
i.LKS J. FARLEY. Assistant Secretary,
Bock TJepartment.
KDWAKI> KENNY, Clerk, Supreme Court.
HENRY R. M. COOK, Auditor, Board of Educa
tion.
DAVID K. AUSTEN; Receiver of Taxes.
New-York city. Auril 19, IKOS.
BILL TO MAKE CHILD LEGITIMATE.
Albany, April If.— Mil wan introduced In the
Jtslsluture to-day by Assemblyman Stanley, of
New-York, making Adelia Stringer Marker the
legitimate child and heir of Charles I.ell liarksr
und leva Gertrude Stringer, both of New-York.
A petition attached «ets forth that the child, now
four years old, was born out of wedlock and is, by
order of the supreme Court, In .-. Roman Catholic,
convent In New- York City. Both parties avow their
parenthood of the child and Join fa the petition.
YOKK DAILY TRIBUNE. THURBDAY. APRIL L'O. 1906.
NEW
AT NUMBER
400 FIFTH AVENUE
[CommlMlon Sale. Booms]
The opening of Pandora's Box was
not more wonderful than our new
method of displaying jewlera 1 prod
uct*. Our rooms will open In a few
day*.
We aim to be your jeweler, advlnor
on society stationery. bric-a-brac,
leather good*. etc. We offer distinct
advantage* In prices. Bend for our
fre<» rata!ngu>, containing prices and
R.ooo photographic reproductions.
MERMOD. JACCARD &KING
JEWELRY COMPANY
DR. MORGAN'S SUCCESSOR.
XOW AX ARMY CHAPLAIN.
The Rev. Mr. Shipman Selected by
Vestry of Heavenly Rest.
The announcement was made yesterday that
fa? vestry of the Church of the Heavenly Rest.
Tnh-ave. and 4iith-st., had unanimously elected
the Rev. Herbert Shipman, chaplain of the
United States Military Academy at West Point.
senior assistant minister of that parish, with
right of succession to the reetorate. This ac
tion amounts practically t<> the naming of the
nexr rector of the parish, but it does not imply
that the Rev. Dr. D. Parker Morgan, who is
now rector of the parish, will retire. Dr. Mor
gan came to the parish from a Welsh vicarate
as assistant rector to the Hey. Dr. R. S. How
land, founder and first rector of the parish, al
most a quarter of a century ago. For six years
he continued in that capacity, until, on Dr.
Rowland's death, eighteen years ago, he be
came rector.
When asked yesterday if the announcement
meant that h» intended soon to relinquish his
rectorship Dr. Morgan said:
"I intend to keen on with my work here for
a long time yet, and I see no immediate cause
why I should get out. My health Is better to
day Than it has been for several years. I have
much work yet to do— far too much to think of
retirement." ,
The Rev. Herbert Bhipman, the new assistant
minister of the church, is a son of the late
R*v. Dr. Jacob Bbaw Shipman, who was for
many years the rector of Christ Church, Broad
way and 71st rt. He served as an assistant in
Christ Church for the two years after he was
graduated from the Genera] Theological Semi
nary in 1894. lie received his bachelor's degree
from Columbia University In 1880, and nine
years ago he was appointed to the West Point
chaplaincy.
The congregation heard the new assistant
minister preach some time ago. and will have
the first chance to hear him after his election on
the morning of Sunday, .May 7. Thf> Rer. Mr.
Shipman will not take up his new work, bow
ever, until fall, it was said yesterday.
It was learned yesterday that J. Christopher
Marks, the organist of the Church of the Heav
enly Rest, has scarlet fever and is seriously ill.
Brttcfl <J. Kinpsley, a nephew of the late Rev.
Charles Klngsley, the English author, has been
named to fill his place temporarily.
RETURN MORTGAGE BILL.
Assembly Passes Senate Resolution
Giving Additional Time.
Albany. April 10.— The Mortgage Tax bill has
been returned to Governor Higgins with ten
days' additional grace for the consideration of
the measure. The Assembly this morning passed
the concurrent resolution passed by the Seriate
yesterday ordering its return without amend
ment to the Governor.
When the resolution had beeh adopted, Mr.
Palmer, the minority leader, said:
We have no desire to Impose technical obsta
cles upon the procedure with reference to this
bill. We should ordinarily object to giving any
additional time to the, Governor for the consid
eration of this measure, to which we of tho mi
nurity have been opposed from the outset; but
we gladly concede t<> him ten days additional
time, in which we hope Increasing light may
shin.' into his mind and lead eventually t«> the
absolute defeat >f the bill in its present form.
XOT TO ABAXDOX BROXX.
Goodsell Bill Xot to Affect Routes
There, Says Turnbull.
Arthur Turnbull, president of ttip Xew-York and
Long Island Railroad Company, and of th'- New-
York City Interborough Railroad Company, in n
Statement issued last night* s:tid that ru.nil transit
by a tunnel under the East River is promised to
Queens Borough within two years. He said that
the New-York and Ixrng Island Railroad Company,
which has the franchise 10 build this tunnel, will
finish it within that time. Shaking uf the Oood
sell bill, he said:
A wholly erroneous impression Is abroad concern
ing the purpose of the bill. The bill does not relate
to (street surface railroads at all, but is an amend
ment of the General Railroad law. But apart from
that fact I wish to say my company has not ana
it never has had any intention of abandoning: any
of its routes In The Bronx. The sole object of the
bill Ik to enable the New-York and Long: Island
Railroad Company to build as soon as possible its
tunnel across the East River.
It is now desired to abandon a portion of the line
in New- York County and in Queens County, namely
the route in the Borough of Manhattan west of 42d
st. and Madlson-ave.. some, of which was not em
braced in the resolution of the Hoard of Aldermen
There Is no advantage to the people of either Man
hattan or Queens Borough in .he construction of
the portions of the line which it is proposed to plvo
up. and the company therefore asks the. permission.
The second Ooodsell bill simply gives the compuiy
permission to modify its grade on application to the
Hoard of Railroad Commissioners,
It is a mistake to say that this connecting tunnel
road, when constructed, will not pay any coniensa
tion to the city. It is required to pay a certain
percentage of its receipts, and it must also nay
franchise and other taxes. It will be built without
iuiy cost to the city.
» .
KAINES HOTELS HAVE A YEAR MORE.
Applications Made Before May 1 Will Have
To Be Granted Under the Present Law.
[BY TELEiiBAPH TO THE TRIBUNE.]
Albany, April W.— Even if th« pending- amend
ments to the Raines law advocated by the City Club
and contained la a bill Intended to eliminate the
Immoral features of existing Raines law hotels pass
the legislator* and are signed by the Governor, the
hotels will have a year of grace.
This fact was developed at a hearing on the bills
before the Assembly Excise Committee to-day, in
questions asked of Deputy Excise' Commissioner
Clement. He declared that applications mad*j for
license before May 1, or any time after May -5 and
before the law took effect, would have to be granted
under the existing law. The bill embodying these
amendments passed the Assembly several weeks
ago. and it is generally believed that it will pass the
senate-, despite this unforeseen circumstance.
MILK AND BOXING BILLS PASS.
Up-State and Tammany Assemblymen Join
Forces on the Two.
LBT TELEGRAPH TO THE TRIBUNE. J
Albany, April 19. —Town and country boxing gloves
and milk littles mingled la the air to-day when
tha Tammany members and the up-State men
Joined forces and pa— the Frawley Boxing t,ui
and the Five States Milk bill. If th.. Governor
Hlgns the bills the rural men will be able to see a
little boxing when they come to town, while a bet
t«r supply of pure milk will be assured the city
dwellers
The Frawley bill legatees fifteen-minute bouts in
club* under the sanction of the Amateur Athletic
Union, Th- Milk bill. Introduced by Mr. Fish at
the, request of the Five States Milk Producers' as
sociation, authorizes the producers of clarified or
Pasteurized milk to form associations without get
ting certificates from the Secretary of State it
affects the States of New-York, Penn»yivunla
Connecticut, New-Jersey and Massachusetts.
It is Easy to Produce Good Music with
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STOCK TAX BILL SIGNED.
Continued from tlrst par*.
upon an agreement evidencing the deposit of Ftock
certificates as collateral security for money loaned
thereon, which stock certificates -are not actually
Bold, nor upon such stock certificates si deposited.
In case of sale where the evidence of transfer i 3
shown only by the books of tne company, the stamp
shall be placed upon such books, and Where the
change of ownership ts by transfer certificate the
stamp shall be placed upon the certificate; and in
cases of an agreement to sell, or where the trans
fer is by delivery of th*- certificate assigned in
blank, there shrill be made and delivered by the
seller to the buyer a bill or memorandum of, such
sale, to whlrh the stamp provided for by thi* arti
cle shall be affixed;, and every hill or memorandum
of sale or agreement to f»»-ll. before mentioned, shall
show the date thereof, the name of. the seller, the
amount of the sale, and the matter or thing to
which it refers, ami no further tax Is hereby im
posed upon the delivery of the certificate of stock
or upon the actual issue of a new certificate when
the original certificate of stock is accompanied by
the- duly stamped memorandum of sale.
The State Controller Is required to provide the
adhesive stamps made necessary by the new law
and to arrange convenient places and times for
their sale.
Heavy penalties are prescribed for infringement
of the law. The companion bill makes the coun
terfeiting of the stamps forgery In the third «le-
Kre<». under the provisions of the Penal Code,
which it amends. Any person who shall make >\
sale- or transfer of stock or issues an agreement
or memorandum without the required stamp and
in violation of the law is made guilty of a* mis
demeanor, and th« penalty is to be a fine of from
IBM to $1,000. or Imprisonment of not more thin
six months, or both, at the discretion of the court.
Any person fraudulently falling to cancel and ob
literate the stamps and using the same again is
made guilty of a misdemeanor, punishable by a
tine of from two to $;*>«>, or imprisonment for not
less than six months or I ■■!. The use of counter
feited, altered, washed or restored stamps or their
preparation with intent to use th"m fraudulently
is made punishable by a fine of from JSOO To fl.t'-iiO,
or imprisonment for not more than six months,
or both.
The Controller is empowered to examine the books
and papers of any person, firm, company, associa
tion or corporation, to ascertain whether the tax
has been duly paid upon transfers or sales of its
stocks, and upon his finding that it has not he is to
proceed in a competent court for the recovery of
the tax and penalties. No action at law can be
taken in regard to any transfer of stock madi after
June 1 next, upon which the tax was not paid **nor
shall proof thereof be offered or received in evi
dence In any court of this State."
All of the proceeds of this tax are to be paid into
the State Treasury, and to be applicable to the
general fund of the Stato. The act is to take effect
immediately.
SPRIXKLIXG BILL SURE.
Woodbury to Lay Dust With out
Making Streets Slippery.
There was rejoicing at tho headquarters of the
Street Cleaning Department ove
Albany that a street sprinkling bill would surely
lie passed before the end of th>- it may
be the La Fetra blli, which was drawn up by
Commissioner Woodbury and Introd
in the session only to gel lost in the comi
room, or it may be thf> Prentice bill, whlc
Introduced at the request of the Merchants'
Association in order to Ket around the block
ading scheme of Tammany contractors it
makes no difference which bill 1 they
are identical.
Commissioner Woodbury declared v
that they could not pass the bill too soon for
him. He would not. however, discuss his plans
for sprinkling the streets and laying the dust
of the city. He said there would be time enough
for that when the legislu
power over sprinkling.
It Is just possible that Commissioner Wood
bury will find a way of laying: the dust without
using the unsightly sprinkling carts. He has an
idea that streets like sth-ave. and Madlson
ave. can be kept so clean that there will bo no
need of sprinkling. It will be a case of scrub
bing them thoroughly every morning before
traffic is under way. This can be done with
flushing machines or from the hydrants, and by
washing the side streets for a short distance
back from the avenue the dust nuisance will be
abated. The street will dry speedily after the
morning washing and leave a dry surface for
traffic
John P. Halms, president of the American Ho
clety for the Prevention of Cruelty to Animals
is no interested in this sprinkling question that
he made a special trip to Albany on Tuesday
and appeared before the Committee on the
Affairs of cities to speak In favor of me 1,111
He hits been Beating slippery asphalt for the
last six or seven years on account of the un
necessary burden and cruel risk which came to
horses, and he la rejoiced that the end. of th»
tight Is at hand.
MAYOR CRITICISES OAKLEY
Continued from On* pas*.
tisement for bids for lighting. } -wrote to the
Commissioner that unless a very matrlal reduc
tion was shown he must not execute any further
contracts. The figures seemed to me le»s favor
ind I wrote the Deputy Commissioner to
• them all."
Asked why the gas companies had not been
paid under the July contracts for Welsbach
lamps, the Mayor said: "About six weeks or two
months ago I dire.-ted my chief clerk not to
sign any more warrants calling for the payment
of bills for lighting. I did this at the advice of
the Corporation Counsel, who said It would be
the safer and probably the cheaper course."
"In your opinion has the signing of the Oakley
contracts for I{H»4 prejudiced in any way the
status of the suits for the 1903 bills?"*
"No, if has not. so far as I can see."
'Tour position has been that the charges were
excessive and that a fair price should be de
termined by the courts?"
'"Yes. sir."
"So far .'is you know, who advised Oommls-
Oakley to sign those contracts 0 "
testified In the ease in Brooklyn that his
; 1 him if ht- could obtain the reduc
tion l>.> would be doing well."
"You have in your messages referred to the
dlity Of a municipal plant for plectrio
Vill you state what your position 23
r?"
"In regard lo that. 1 w ni state that the city is
committed to it— to have the work done. Wo
have obtained a commission to estimate the
cost, to prepare plans. Meanwhile lam mak
nent un.ler the YVilliamsburgr
Bridge, a small erecting plant to ligrht the
nsburg Bridge and also to li^ht certain
■-•usfs underneath, using city refuse for
t'u 1. It' successful 1 an in hopes of usi
as fuel for the entire city plant. [ have
;iiso hop* 71 ' 1 - that we could use the power gener
ated in tho Ksnpus watershed to be eatabli.^hed
for the furnishing of new Croton water — the n*w
Crotoi r the purpose of city light'
;t I have just learned over the lor
telephone that nay part of the bill, which
would permit the city to do that, has been
n "j;t under th-- direction of the Governor.
We win, therefore, be obliged to usf* fuel for the
"tir municipal light plnnt.
W • expect to acquire the ducts, and ev->n
'.\ith<>ut that, we claim that under th<* agree
ment with the subway companies .ye have the
use nil the space we nt»ed for municipal
.il conductors, and I suppose that we
will begin the actual worh in the cours.
- Sl expect la hear from Mr
'he silva commission, within a
month or six week.-< M to the exact cost."
DEPEW THANKS THE LEGISLATURE.
He Declares No Other Has Been as Good as
It Is.
Albany. April 19.— Senator TVpew visttod the Sen
atf and Assembly to-day and thanked the members
for his re-election. Spreaking to the Senators, he
made the aupßestlon that United States Senators
should report to the State legislature at the close
of each session regarding- the condition of federal
affairs.
"There Is a pood deal of nonsense talked about
the 'good old times." " continued the Senator.
"Now. I have known the legislators of fifty years.
and I can .^iy that the gootl ol.i times are a fraud.
No time is as Rood as the present and no legis
lature aa KOOd as the present one."
In the Assembly Senator Depew spoke In similar
vein, and especially eulogized Speaker Nixon.
MENINGITIS
POND'S EXTRACT
should be used morning and night as a spray
for the nose and throat when diluted with an
equal quantity of water.
Caution. Do not use as a substitute witch
hazel which is sold and represented to be the
MM as Pond's Extract. There it witch hazel
now on the market containing rrood alcohol.
Of seventy samples of witch hazel recently
purchased from as many dealers in the open
market, fifty-two contained Wood Alcohol
CpoisonJ or Formaldehyde (BfdtonJ, jr. both*
€J It is easier to play a Liszt
Rhapsody on the Pianola Piano
than a five-finger exercise on the
ordinary piano. A little perfor
ated roll does all the mechanical
drudgery as well as supplies all
necessary technical knowledge,
and leaves the performer free
to give undivided attention to the
expression and enjoyment of the
music
The ordinary piano, whilr a real
•musical instrument when properly
played, is in the average home lit:!*
more than an expensive article of
furniture. Its musical limitations
have been overcome in the Pianola
Piano by combination with the Met
rostyle Pianola — the standard piano
player. That the musical and ar»
tistic superiority of the new iristru*
ment is recognized by cultured music
lovers is shown in the large number
of grand and upright pianos of all
representative makes which hav#
already been exchanged for it
TS o. BOSS. Electric Victoria Man
ton. Knni 40 ;:■.:>-. on one char??.
Specd — 3 to 14 miles prr hour, 3<->-inc^
wheels, with detachable cliochtj
tires. Side lever steering:, fries $173,
Automobiles
of To-day
Nine years before tha
appearance of Rickets
Steam Carriage in 1861,
Studebaker began the
construction of the ve
hicles which have since
made the name famous
the whole world 'round.
That was really tha
first step toward trie de
velopment and perfec
tion of the most modern
of all vehicles—Stude
baker Automobiles,
everywhere recognized
to-day for their wonder
ful stability, utility, pow
er and beauty.
Nowhere in the world
is there a union of such
wide experience, exact
science, mechanical
equipment for the con
struction of automobiles,
both Qasoline and Llec
tric, as you find at the
Studebaker works. .And
from no other source
comes an automobile that
will so readily pass the
rigid test of the expert;
the minute examination
of the critical, or fulfill
the requirements for
every purpose, as the
You arc invited to the wais
rooms tor a personal demonstra
tion. A catalogue en request.
STUDEBAKER
Broadway and 7 llk Avc,
at 4Mb *»$.. New York.
If©. »OliV Electric Runabout,
Rutu»4f>mtlc<ononecharße. Speed— •
jto 13 tn lies per hour. 30-inch whee!*,
with detachable clincher tire*. Sula
lever steeling, trice 1:035. Without
•sf tor%
AX>V«ti;TI3KM£NT3 »a<J ■übacrrstlsja* 69 CJt^O 52 *