New-York tribune. [volume], March 08, 1908, Page 2, Image 2

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mitt** ta teeutne; •»!« e»U c*« making; »ald iwibll
c*tlon ; and provided, tbat delegmtes both f retn the
utate at large *n<l their alternates and delegates
from each Congress district and their alternatas
rnsy b* elected in conformity with the laws of the
rtate In which the election occurs, provided the
•t*te committee or any such Congressional commlt
tl*e«>lv«3f That this committee direct that the
call for the conventions of the several Congress dis
tricts of this state wherein there is _ no separate
Congressional committee, be issued by the committee
designated In the election Uws of the State of New
Tork for ealllnic conventions, and that such con
vmtlons be held In conformity with the Uws of this
state.
Borough President Cromwell of Richmond put
through a resolution providing for adjournment
of the committee to Friday night. April 10. the
right before the convention.
TIMF. TO TAKE A STAND.
"I offered that resolution." said ex-Repre
sentativ* IV>us;las after adjournment, "because
I thought it wa* time that the state committee
took a etand for the nomination of Governor
Hughes at Chicago. I srn.ke of my Intention to
five members of the state committee before we
met. and they tried to dissuade me from Intro
ducing the resolution I put in to-day. 1 don't
care whether Ptate Chairman Woodruff likes it
or not. The Republicans generally want
Hughes for President, and it is time that the
*tate committee put itself on record. If any
man in the committee to-day is opposed to the
nomination of Huches he had a chance to .Bay bo
when I offered the resolution."
"Tber* was no objection to the indorsement of
the Governor." said State Chairman Woodruff.
"1 never have been a*:air»pt such indorsement.
When I was asked about It yesterday I said
that 1 did not expect to offer a resolution, as
the action of the state committee ou'd in no
way bind the etate convention."
BOT POLITICS. PATS LOUIS PAYN.
"It was a piece of asinine politics," paid Louis
F. Payn. "It does not mean anything. Here it
Is the 7th of March, and the natlor<?l convention
is th«« middle of June. How do we know what
will happen between now and the Ist day of
June? Mr. Taft or Mr. Hughes or any other
candidate may between now and June say or
do something that will render htm absolutely
impossible as a candidate. I am an old-fash
ioned Republican, and I am not u.«ed to boy pol
itic*". The friends of Governor Hughes should
at the proper time pick out four men for dele
grates-at-large who are known to be upright
Republicans and loyal to the Governor, and they
should not be Instructed for the Governor or
any one else. It is an Insult to the intelligence
of a renl Republican delegate-at-large to in
struct htm three months in advance to vote so
und so. If I should be chosen aa a delegate and
r.r.y one ehould «et up in convention and resolve
to Instruct me how to vote I would resent it on
the spot. In fact. I would not accept an elec
tion In such circumstances. To-day's action is
unfortunate for Mr. Hughes. If he falls it will
be more on account of his fool friends than his
enemies. The resolution offered to-day was not
weli r*-c<-!vod. as every one could see. It was a
piece - f fnol politics."
"I think the resolution was a good thing. I
voted for It." sa'.d George W. Aldrldge.
VASSETT IS FACETIOUS.
prr .M»nt{ttive J. Sloat Fassett facetiously
congratulated Charles W. Anderson, the nesrro
internal revenue collector, in these words:
"Charlie. I heard your applause for your chief.
It ssaa grand. Tou always did lend color to a
state committee meeting."
"The Republicans up the state will he glad
that the resolution was put through." said
Charles H Betts. of Wayne. "The politicians
<io not warm to the Governor, but the people
■Be him. It really makes hut little difference
what the politicians like or do not like if the
people are enthusiastically for it. The people in
the end usually hey« their way."
HO STATEMENT FROII GOVERNOR.
When an effort was mad<* to fee Governor
Baafjasj at the Hotel Astor Colonel Treadwell,
iiis military secretary, said the Governor wa
too bupy to receive any one prior to his de
parture. Colonel Treadwell said he was sure
that Bat Governor would not make a statement
r'lati^•e to the action of. the state committee at
1h1«= tim<\
"I Avpectrd just such action." said General
- Stewart L. Woodford, president of the Hughes
-ICatlonal Leag-tie. "Of course J am deeply grat
" ifi^d. I believe It expresses the purpose of a
• *ir:if-<3 Republican party in New York. If New
York stands resolutely and honestly by Gov
~->rnor Hugh'? I expect his nomination at Chl
;-./cago"
COMMITTEE IN ATTENDANCE.
The following answered to rolicall:
I_j«hn .1. Bart>tt- I 21V— B«>n5»ir.!n T» O<J«>:1, Jr.
Z—Htaarf (uillara. 21— lA>uis F. Parn
3—L«>*-is ■ S*nit. v Victor U Allen.
♦—Jacob A. LJvincEton. 23— Wllltam Barnet. Jr.
•*• j- T 1* Kracle. 124 — Horac« G. Tennant.
«— T-m^tlir I' WooAruX. — Joijn K. Ftewari.
' 7— Jacob A. Br«r.;^r. 2« — Gc-onre R Malby.
j._<}«, r¥r » Cromwell. 27— Daniel F. Strobe 1.
l,_chsr!f« 11. Murray. — John I. Mott.
in — Baasad $. Koer.l*. — Ray D. Smith.
11— WIHlara Halrin. SO— <Jeorpe W Punn.
11-John fi. flbea 131— Charles n Bstu
MANY pfoSMM Lav«- vlnit is known sis ■ u local reputation.'! In a /■•■riaiii <it v
m Ktat«' they mn.r be v.«ti known, but outsl<l<* of a limited iiw there is no
deiuand f«jr Uietu.
The l*i)un,i:i I'iniKi luu ■ reimtatiuu wiii<li now <-.\tt>nfls rill ov«-r the
itmrld, ii.to «'V«-ry country wli«*rv there, ai»- cultured inuslc-lovera. la Berlin. In Paris.
Ixiimloii. Vi»«uiia.\st. [Hliiis»«ia. nr«a In fur-off Australia and New Zealand, the. l'hmuia
I'iftnw Las ■ siruug f«»ll<j\viir_ among i ti«- most progressive, \i'»;>\>
in many tectiorts it it the only American piano that is kmowm at all.
That i» wfiut Is meant v\!!'-ii it lii said thai iti»- Hnnolfl Pliitio >- rlw* standard iv
. ftruutvnt *-T its rl*M throughout Mm- \\ni!.t
It - always aj:r<-<-iil>!«' i " know that utie's personal Jiulguieut 3s ratitled l>y tboae
i «rho«e «»j»!usoii- «arry th»- rn<.-i \\«'ij<iil.
■1,, Pianola Phum hi nmsYi only (a \v»-i.. ■ st •-••!•• P/lMclook ami Stuyvesant stvl«s.
Bach of lhe«« ln*trurii«it* I* «tjri<i;tr«l in it- r-la--< ;(ii«l f-i'- '--en'- the maxlmuin piano
value afceafaal at Us jprioe. Only these foui pianos contain tix- genuine Pianola.
Other FO-caJW'd "PlaytT-pfanos" rnuyt n<<«-ssari!y contain Home other player of leu HBei
tncy snd jir»£tig<? than th»- Pianola. Prices •€ Pianola Pianos $509 to $1,050. Moderate
monthly payment?.
The AEOLIAN COMPANY
Aeolian Hall- 362 Fifth Aye. y near 34th St. Sew York
J»— Henry E. O'Brien. — Q«ort« W. AldrWge.
l«-^toa«i>b H. De Bra«m_ 153— J Bloat Faaseti
IS— WlllHiin H. t>ou(r»««. I ft4 — Joha A. Merrill.
16— San>uei Krulemitch. I 35-^John Grimm. fc.
-M"BPi> McKee. FredeiirH QMBBt.
IK— William H. Ten K>ck. 37— G«orge H. Witter.
1»— j.:iuuj U. Ward. I (I;ark* W. Anderson.
Jacob A. Brenner held the proxy of Michael J.
Dady; Victor L. Allen that of Cornelius V. Col
lins, .of Troy; Congressman George R. Malby
that of John F. O'Brien; Ray B. Smith that of
Francis Hendricks, and Postmaster Grelner that
of John G. Wickser, of Buffalo.
IirSTUXG FOR HUGHES.
Republicans in Fifteenth Scent
Quigg-Gilman-Tammany Deal.
The Republican Organization Cl-.lb of tho 16th
District, of which Charles W. l-rtler is president,
is out with a lett«r to enrolled Republicans rai
lying them to the Hughes standard In the pri
maries on March 31. The letter accuses the
Quigg-Gilman people with being in league with
Tammany Hall. The letter saj>:
The present organization was intrusted wttfc
the political management of the. district In li'o-,
through the overthrow, after three- years ol per
sistent effort, of the Qui»rK-<.iHnian domination.
Its efficiency has been shown by the overwhelm
ing majority which it secured for Governor
Hughes (the largest In any Assembly district of
the state) and by the election of all its candi
dates In 1907. although opposed not only by Tamm
any Hall, but by the so-called Independent Re
publican Club, the precursor of the present Con
servative Republican Ciub. The high character
of its candidates was shown by the indorsement
they received from non-partisan civic bodies.
You are urged to prevent the Republican or
ranixatlon from fcelng controlled by the aid of a
Tammany alliance, and to assist in maintaining
the cause of clean party Bovenunect. not only by
voting at the primary election for the organiza
tion ticket, but also by taking an active personal
Interest in the conduct of district affairs.
TAFT CARRIES GUILPORD.
Speaker Cannon's Native County Indorses
the Secretary for President.
IKrom Th<> Tribune Bureau.]
Washington, March 7.— 9iKT»lflcant n^w«= reached
here this evening Gullford County, N. C, the
birthplace of Speaker Cannon. The Cannon forces
have been making a special effort to carry thi3
county, which ia regarded ap the key to the Eth
Dis-trlet. for the Speaker. Cannon headquarters
were opened there several weeks ago, and Repre
sentative Rodenberg. of Illinois, has been stumping
the county In the Interest of the Speaker. The
Taft forces have not been inactive, however, and
when the convention met to-day they were so far
in the ascendency that there was only one dis-
Beiitlr.g vote wfctn the resolution indorsing Secre
tary Taft for the Presidency was adopted.
Raleigh, X. C . March The Wake County Re
publican Convention Indorsed to-day Roosevelt's
administration and Instructed Its eleven delegates
to the state convention for Taft for President.
SWINGING JEKSEY FOR TAFT.
[By Telef?T«ph to The Tribune.]
Trenton. March 7.— An agreement is said to have
been reached between Governor Fort and the Re
publican leaders of the state whereby the New
Jersey delegation to the national convention will
be for the nomination of Secretary Taft for Presi
dent.
The ultimatum which Governor Fort delivered
on Wednesday has shattered th« slate for dele
gat es-at-large from New fetaoy to the Republican
National Convention which is alleged to have been
agreed on at a conference of the state leaders.
Governor Fort was not Included in the "Big Four,"
the names mentioned being United States Senators
Kean and Brtggs, ex-GofeYiior Murphy and David
BairS. A general understanding has now been
reached, it Is said her?, by which the delegates at
large will be Governor Fort. ex-Governor Griggs,
Senator BriifßS and David Baird.
It If possible, however, that th<* final slate will
have the name of es-Goverr.or Murphy in place of
Mr. Baird.
FIRST N. J. TAFT ASSOCIATION FORMED,
' [By-Telegiaph to The Trlhur." 1
Hackensack. N. J., March 7.— Hackensack Repub
licans have organized the first William H. Taft
Association in New Jersey. The boom was started
In the offices of Mackay & Mh< kay on Friday night.
The club pledges itself to support Govt-rnor Fort
for Vice-President The officers are: President. John
S. Mackay, assistant prosecutor, and secretary.
Lyle A. Skinner. Among the vice-presidents are
James M. Harknees, deputy surrogate; Walter
Scott, under pheriff; Dr. W. F. Farr. W. B. Mac
kay, Jr.. and Dr. R. K. Conrad.
DATES OF REPUBLICAN CONVENTIONS.
The exeeuAve committee of the Republican
County Committee met at the headquartern of tho
etate committee. No. 12 Bast SOth street, yesterday
afternoon, and fixed the dates for the Assembly
District and Congress District conventions ac fol
lows:
Assembly District conventions for the election of
delegates to the Republican State Convention,
Tuesday, April 7.
i 'onercß« dtotriet conveotloni! 'o elect delegates
to the Chicago Cor.ventio.'i. Thursday, April 9.
The formal call for the holding of primaries on
March SI was issue.'., together with a statement
showing thf baste sf re-irespntalion In th- % various
convrntlons.
NEW-YORK DAILY TRIBUNE. SUNDAY. MARCH&IfIOa
Dr. Lyon's
PERFECT
Tooth Powder
Cleanses, preserves and beautifies the teeth
and purifies the breath —
A superior dentifrice for people of refinement
Established in 1866 by
CAMPAIGN FOR GRAY.
Judge Will Not Attend Denver
Com e n tio n , However.
[By Telegraph to The Tribune ]
Denver, March 7.— Jttdg* George Gray, of
Delaware, who will be a candidate for the presi
dential nomination at the Democratic National
Convention in July, has obtained headquarters
at the Savoy Hotel for his delegation. This is
taken here to mean that the Delaware judge is
groins to strive, for the nomination, backed by his
owr. and other Eastern delegations, not the least
0!' -which will be that of New York.
The three chibrooms on the second floor of the
Savoy Hotel, the parlor suite and twelve other
rooms on the same floor, have been contracted
for by the Delaware delegation. The elubrooms,
it is said, will be aaed as the headquarters of the
Gray campaign.
I Hy T*!euraph to The Tribune.]
"Wilmington, Del.. March 7.— Judge Gray an
nounced to-night that he will not go to Denver
and make a personal fl^ht for the Presidential
nomination. He also stated that his son, An
drew C. Gray, would not attend the convention.
The six Delaware delegates will be instructed for
Judge Gray, and his campaign will be directed
by ex-Judge Marvel, of Wilmington.
ANTI-BAILEY MEN MEET.
Huge Oil Con One of tlie Deeora
lions at Texas Demonstration.
! Py TfMPeraph to ThP Tribune. ]
Waco, Tex., March 7. — A huge tin oil can
labelled, '"Phall this or the people rule?" was
placed on tho stage at the Auditorium to-night
and marked tlif> climax of several demonstra
tion? by rive thousand delegates assembled to
plan warfare against Baileyism and keep Sena
tor Bailey from attending- the Democratic Na
tional Convention.
The delegates sang "Coal OH Joe, We've (Jot
Him on the Go," several bands playing Dixie at
intervals. Prominent Texas politicians con
demned Senator Bailey and when they paid he
hi a disgrace to the state a pandemonium of
applntisf- burst forth.
Resolutions were adopted condemning thft
Democratic: State Committee for denying- Demo
crats the rlg-ht to select delegates-at-largo to
national conventions at primaries. The conven
tion nominated the following: Pelo^au s-at-
I>arpe— Cone Johnson. Tyler; O. T. Holt, Hous
ton; Cullen F. Thomas, Waco; Lee Young,
Stephenson. Presidential Electors— Roger Q.
Mills. Cornicana; Alexander W. Terrell, Waco.
Six thousand dollars was subscribed for an antl-
BRiley campaign.
P. H. Carnes. of "W'aro, attempted to pin an
anti-Bailey badge on A. M. Kennedy, who acted
as Bailey's manager in the legislative investiga
tion last winter. The men were covered with
blood after they were separated.
SOCIALISTS TURN DOWN LABOR PARTY.
National Executive Committee Opposes Mer
ger—Old Fight Now To Be Resumed.
Tii^ National Kxecutivo Committee of the Po<i;il
ipt party has rejected th« proposition of the
oisi Mst I>.ibor party for a Joint conference for the
purpose of nominating one get of national, state
and municipal candidates for the coming election.
The Pc I_eon Socialists were indignant at tho de
cision and say that when the light between th« two
factions la resumed, the Socialists -will be to blame.
If the amalgamation had been effected Willidm D.
Hay wood would have been the Presidential can
didate.
Some of tho l^BtJrrn of the Dp I>eon Socialists
think the national convention of the Socialist party
will reverse the decision of ths National Executive
Committee.
BRYAN AND JOHNSON BOTH SILENT.
Lincoln, Neb.. March 7. — William J. Bryan said
to-night that he would make no ntatrmraH or
comment on the action of Minnesota Democrats
in indorsing Governor Johnson as a Presidential
iioidnte. Bryan evin< more interest In the ac
tion of the New York Republican committee favor
ing Governor Hughes than in tlie Democracy's
meeting at St. Paul.
St. Paul, March 7.— AVhen Governor Johnson ar
rived at the Capitol to-day lie was besieged by
reporters for a definite statement as to his pl>oFi
tion. To all requests he replied that he had no
statement to make now, and deriined to say when
he would make one, if at all.
HUGHES TO ADDRESS IOWANS.
Th«» third r.nnual dinner of the lowa Society of
N«w York will be held at tho Plaza Hotel. Satur
day evening, Marcli 21. at 830 o'clock. Governor
Hughes, Governor Cummins of lowa, Senator J.
P. liver, Representative Frank O. Lowden,
Judge John V. r>i!lon, J. S. ITllliaillH and J. Ft.
liv.vi will speak.
MORTON CLUB ELECTS OFFICERS.
Ex-Alderman John Wirth Becomes President
for Thirteenth Consecutive Time.
Tho annual election of officers of tho Lev! P.
Morton Club, which haa unanimously indorsed the
nomination of Governor Hughes for President, took
place at the new dubhottse, at Stuyvtsaiit avenue
and Decatur street, Brooklyn, on Thursday evening.
Er-Alderman John Wirth was elected president for
the thirteenth consecutive time. The other ofßcers
elected were : First vice-president, James Z. l'ear
sall; second vice-president, Peter J. Doyle; corre
■pondlna secretary, Charles F. Leonhard ; Bnaadal
secretary, Edward A. Clark ; recording secretary,
Ij. l>. Pearsall, Jr.; treasurer, William Went*; eer
geant-at-arms, Edwin s. Pelliam; bourd of dir<-c
tors, David D. Convert, George N. Hanna, ICdwaid
H. Dlmlck.
The <:lub vras organized fourteen years ago at the
time Le»l J. Morton was elected Governor of New
York Slate. Jt Ii in a prosperous condition, und
bus ad/iiiUfd forty mm ssesnaars nln.ee Jaauar) 1.
EURRIAN UNABLE TO FINISH OPERA, j
At the f-iiti of the etooßdl act oi '.'Siegfried" j.i |
the Metropolitan Op*»ra Hou»e last night, Carl \
Burrian, «fh(MM vocal condition lias nut b«eii of .
i!,. beat all v.<- season, wan compelled to retire j
from the title part. Audi ens Dlppel, as usual, waf ,
ai)i<- to answer to the caU "Tenor wanted!" and j
received many rorJlnl recall* at the end ol tht ;
p< rforniance
- •
FATHER DAUFFENBACH DEAD.
The i>v. Father Peter Duuffenbach, who has
been paaesr of Malv Trinity Roman Catholic
Church, In Montrooe avenue, Brooklyn, for twelve !
years, died yesterda} following .<n apeplecti
Btroke which overcame htm ertiJl*! he "' elchrat- '
ing Mass oa Bund»y. l-'ati.tr Pauflenbacti can>< .
to this country Irom Germany when a. t>oy and w«h j
or<ißln«»d v monslgnor four yean sjßn, H* •«» i
■lztv.nvn veara 010. . |
SUES .MORSE DIRECTORS
(..ntinuod from Hi>t page
as and for a profit to the said bank upon th«^sale
of said stock, and $177 M was credited tO ftr th inter
terest account of the said bank as and lor Inter
est earned upon the so-called loan. 1 her.-af ter rf l h*
■aid two thousand share 3 of said stock carried in
the so-called Elliott loan were pubstituted tor an<l
disposed of for the sum of J:«.:;woi leaving a bal
ance In the so-called Elliott loan of $121.t.99 99. with
out any stock or eecurkiea repreaenUng Kaid amount
or any part thereof and the said amount of 514.:.-
OM in the so-called O: r loan remains in the paia
hank repreeented by or as against the cost of u\o
thousand shares of the said atock. pon tms
transaction, therefore, the said bank has lost *-<".
69999 less the value, if any. of said two thoufcan.i
shares remaining on account of the so-called Oler
There will be a large loss to tho eaid bank, its
stockholders and creditors upon this transaction,
th« precise amount of which cannot yet b 2, aß cr
tain^d by your orator, but, accordlngto nis Des.
estimate, it will b<- not less than $245,000.
The defendants, Morse. Flagler, Havemeyer, Cur
tis. (JitK's. Schwab, Chapin. Thompson and lie
said Charles T. Harnpy had knowledge of, partici
pated In, approved and assented to th«* purchase
and disposition of the said four thousand shares 01
American Ico Securities Company Btock.
PURCHABB ON BOOKS AS LOAN.
On 01 about October 1. 190 C, the said the Na
tional Bank Of North America In New ork pur
chased from the defendant Morse 2.0U0 share? ot
the capital stock of the America*n Ice Securities
Company for the sum of $ISO,OOO and on said day
paid him said amount tnerefor. The real charac
ter of this purchase was concealed and covered by
entering tho sume on the books of the said bank
as a loan to one Leslie K. Whiting secured by the
said 2 000 shaJT«M of stock as collateral security. The
said Whiting was financially irresponsible and had
no knowledge of nor interest in the suid transac
tion nor the said eiock.
On December 15, 7!>06, $3,500 was received by the
said bank a« and for a dividend upon said 2.000
shares of stock and was credited* upon the said
so-called loan account, and upen the same date.
Che market value of said stock having fallen, the
said bank charged against its commission account
and credited upon the said so-called loan the sum
of $12,600 at» and for a loss to the said bank upon
t..i'i stock.
These two items— namely. $3,">00 and $12,500—re
duced the amount of the so-called loan on Decem
ber 15, 1906. from $180,000 to $164,000. On De
cember IT, 1308, the market value of the said stock
having further fallen, the aald bank charged
against Its commission account and credited upon
said so-called loan the sum of $10,000 as and for a
loss to the said bank upon said stock, leaving a
balance in said so-called loan account of $154,000.
On April 6. 1?07. a further dividend upon said
Ftock, amounting to $3,C00, was received by the said
bank and credited n«alnst the so-called loan ac
count. on June 24, 1&07, $40,000 was paid to the Faid
bank by the defendant Morse on account of said
so-called loan account, and on July 23, 1907. an
additional payment of $10,500 was made to the said
bank by the defendant Iforee, thus reducing the
amount of said so-called loan account to $100,000. at
which amount the same Btood on October 12, 1907,
upon which dat« the said bank charged or trans
ferred the said two thousand shares of stock out
of the said so-called loan account into the etock
and bond account of paid bank at $60,00<>. leaving a
balance in said so-called loan account of $40,000.
which amount on said day the said bank charged
or pretended to charge to the defendant Morse,
thereby balancing and closing out the said so-called
loan account in the name of paid Whiting. There
after the said two thousand shares of stock were
charged at JtiO.OOU into the pront and loss account
on the books of said bank and credited to the stock
and bond account. ... ,
Upon this transaction, therefore, the said bank
has lost the sum of $122,500, less the value, if any,
of said two thousand shares remaining In *atd
bank. There will be a large loss to the said bank,
its stockholders and creditors upon this transac
tion, the precise amount of which cannot yet be
ascertained by your orator, but. according to nls
b<-Kt estimate. it will he not less than $105,000.
The defendant Morse, Klagler. Havem<yer. Cur
tis and the said Charles T. Barney had knowledge
of, participated in. approved and assented to the
purchase of the said two thousand shares of
American Ice Securities Company stock.
MAI/LORY STEAMSHIP DKaVLDtGHL
On or about October 25, 1906, the said the Na
tional Bank of North America in New York pur
chased 8,000 shares of the capital stock of the
Mallory Steamship Company at $25 B share and
paid therefor the sum of $200,000. and thereafter
sold or disposed of all of said stock without loss,
except 2.iX>o shares thereof, which was sold by tha
said bank to» one C. W. Harron at $35 a share, or
for the sum of $70,000, taking in payment therefor
h note for the said amount. Th»-> said note is past
due and tins not be«n paid, and there will be a
large loss on the same to the said bank. its stock
holders and creditors, the precise amount of which
cannot yet be ascertained by your orator, but, ac
cording to his i>est estimate, will not bt» leas than
$30,000.
The. defendants Morse. Flagler, Curtis, Oatea and
the paid Charles T. Barney had knowledge of and
participated in, approved and assented to th* pur
i hase of the said 8,000 shares of Mallory Steam
ship Company stock.
At sundry tln>es from January S. 1907, to June 14,
1907. the suid the National Bank of North America
in New York bought and sold and traded In up
ward of 2.000 shares of the capital stock of the
Chase National Bank of th« City of New York in
Bucb manner and at Buch prices that there is now
remaining in the said bank 170 shares of said stock
at a cost of 176,649 02, which said amount, as the
result of purchases and sales of raid stock, ia a lo«»
to the said t>Hnk, its stockholders and creditors,
less the value of said 170 shares of stock.
There will be a large loss to the said bank, Its
stockholders and creditors upon this transaction,
the precise amount of which cannot yet be ascer
tained by your orator, but, according to his best
estimate, It will be nut lesK than |2d,000.
The defendants Morse, Flagler, Havemeyer, Cur
tis, Qatea and the said Chßrles T. Barney had
knowledge of. participated in. approved and a«-
M>nted to the purchase of said Chase National
Hank stock.
AI divers dates between April 10. 1906, and April
20, 1906. and on March IS, ii<v)7, the sajd the Na
tional Bank of North America in New York bought
for Its own account and carried upon Its books
In Its stock and bond account I.GOO shares of the
capita] stock of the Delaware *.- Hudson Com
pany and sold the same at divers dates there
after and thereby sustained a |oe* of $7,471 CB, which
said amount Is a total loss to the said bank, its
stockholders and creditors.
The defendants Morse, Flagler, Havemeyer, Cur
tls, Gatea and the said Charlea T. BRrne.y bad
knowli (it;*» of, participated in, approved and as
sented to the purchase and disposition of the said
1.600 shares of the capital stock Of the Delaware
X- Hudson Company.
LANDS PURCHASE COMPANY.
On or about January IT. 1007, th» said Th»» N'a
t'.>Ti."il Hank of North America in New York pur
chased 1.9(0 shares of the capital stock of th<»
Lands Purchase Company, a corporation owning:
the land and building In th« P.oroiiKh of Manhat
tan City of NeW York, known as No. 37 \\a\\
Htreet, and paid for s;ikl l.'.ifio Mhares on BaM
dnte'tlie sum of $206, 1 . nn<l has ever sine© Car
ried the said stock at th» mr!(I price In its stock
and liond account on its books. Th«»re will be
a larc« loss to the shli! bank, its Rtockholdrrs and
creditors on this; stork, the precise amount of
which cannot vet be ascertained by your orator,
but, according to his best o«stlmnt»\ it will be m
loss than $200,000.
The directors, Morse. Flakier. Havemoyer, Cur
tis Oatea and the said Charlea T. Barney, had
knowledge of, participated In. approved and as
sent. '.1 to the purchase of the .said 1.'*60 shares
of the Lands Purchase Company stock.
EXCHANGE IHJILDING ASSOCIATION.
I'iioi to November 20, IDOS. the aai4 The Na
tional Hunk of North America. In New York,
owned 5,600 shares at the preferred stock and
ii.ti'ju phares of the common stock of the Wttll
Street Exchange Building Association, a corpora
tion owning tho land and building in the Bor
ough of Manhattan, City of New York, known as
No*. ai and 1.; Kxchanxe Place, a part of wlileli
building was oocuiued and used l>y tii^ mild Batik
us its office. The capital stock of nald th»* Wat!
Street )2xcbange Building Association consisted
at that time und has ever since Consisted of
Hi 000 share! of preferred anil 10,000 Hliar^a of
common stonk, .•-'.> thut the stttd bunk so uhning
r. t,')o of the pr»l«arr«d and G.Ouu of the t^ilj com
mon stock controlled tti^ ownership und manage
1:.. iit of Ita banking house.
On Nov«-rnbi-r 29, IM6, and un divert d»ie>» in
11. . etiiij.-i . IWi. and on diwrs tiatKs in May, lswT,
the said bunk pui.ha. ■ 'l I!.SJO additional nhareii vf
uref<-n.-d slid "yu addlltonal shaie* ul i-'oimnori
gto k of *uid Wall Sti<-.i Exchange HulUilng
Aesoclatlon ttnd jutid Uirrefoi tb« sum >.: $SS3
uw) und iherrupuii cauaed the mime 10 t>«- imi
upon llif buoka ol th« «*ald bank mid rarned
tht-reoii as un aewit Ui Uie stock and bond ac
count «t y"»yWK), i>r par value for tin- E,MV shares
„f preferrtjd Mtock, and si.'»,i»h.i tv! the mid MM
MliuitiM ol couiiuon rto«J( Upon Uils purchase
ill,- unit liiiiiu. its BtockhOldera und cwdltom have
lost t'u' sr.ni of tSB.OBO. lesa tin- value, if uriy.
of said 2.500 shares ol the preferred and MM
phares of the comon Btock <>f ih« t>uid Wall Btreel
Kxcbance Huilitiin; Asaoclatlon.
There will of a lHt>;r lo.'^ on this tt,4iit.HitJoi!.
,i,,. predaa amount ol which cannot \.t be aa
rertalned |... vnur orator, but, sooording to his
i,*«t estimitteMt Will l.c nnt le«» than Jlnn.nfK)
The flftendsnt» Morw iiinler. Hav»mey»r. Cur
tit. Schwab, «'h«pin. Thomp«ion, o'Hrifn Hud tb«
»a\<\ Chfirlifi T. Barn*3 h«*rl knowlrrige of. particl
ii«terl tn npprnvpd «nd ass>i"nte'l 10 th' purch»i*»
of t h<-> "aid 2.MW tharea of th 1 * said pref»rr»d
•irrk anri " ' VI aharei of the «*ld common Mock.
it tha WaJl Street Exchange Building Aaaoctation.
\\£/ DRY GOODS- CARPETS-UPHOLSTERY.
Spring and Summer, 1908
importations of
PLAIN AND NOVELTY DRESS SILKS.
FRENCH AND ENGLISH DRESS FABRICS
DRESS AND TRIMMING LACES,
GARNITURES AND BUTTONS.
FRENCH, SWISS AND MADEIRA EMBROIDERIES,
Women's and Misses' Coats and Suits
Upholstery Fabrics and Curtains.
MONDAY TUESDAY— UNUSUAL OFFERINGS
Spring and Summer Silks
Printed Mousselines, Gauzes, Marquisette Silk Brilliants and ]
Striwd Grenadine*, in colors and designs for Street and (i -a
TTenin* Wear incladinf black and whit«. white and black. ( 1-tHJ
and nary and white. Regularly $2.G0 and $3.00 yard, j
Printed Rough Pongees
Natural color, printed designs in polka dots; IJj
stripes and figures. Regularly 91.25 yard, . J.'O
Mousquetaire Glace Gloves
16 BUTTON: pique, tans. Value $4 00. 2.75
16 BUTTON; overseam, tan. black, white. Value $3.50. 2»50
Travelling Bags
Exceptional offering of a variety of styles in Walrus. Pigskin, 1
Seal, Buffalo. Alligator. English Russet and Box Calf; |
made on English imported frames; hand sewed, leather hU-*()
lined, brass trimmings; size 13 to 18 inches. Values $12.00
to $16.50, J
Floor Coverings
For Homes, Churches, Offices and Clubs.
Richly colored heavy pile Carpets.
BRUSSELS, VELVETS AND INGRAINS,
INLAID LINOLEUM, CORK CARPET.
i
Oriental Rugs
Small, large and unusual sizes at moderate prices.
Estimate* on application.
Upholstery
New importations French and English Cretonnes. Printed Linens.
• Damasks, Swansdown and Jacquards.
MODERATE PRICES.
Estimates for Slip Cover*, Windoic Shades and Summer Furnishing* promptly
submitted upon request.
HOWEVER BLEAK AND RAW
is th.s day, remember that Spring is just around the comer,
Also* that we're ready with the finest display of new woo'ens.
Give your order and you'U be ready to greet the season.
Suit or Overcoat to measure, $20 to $50. Trousers, $5 to $10.
Samples and fashion plates mailed free.
ARNHEIM
B'WAY & 9TH
COTTON PRODUCTION CURTAIIJfENT
Chief Manufacturers Have Decided to Con
tinue It.
Boston, March 7.— was announced here to
day that the principal cotton manufacturers
throughout New England, after a careful Investi
gation of trade conditions, have decided to con
tinue the curtailment of the normal production 2i
per cent for another three months.
The p'Coabl* 1 demand for cotton goods he.* been
llßiajfllHl Inquired into, It Is said, and It Is report
ed to be the> belief of the manufacturers that a
continuance of curtailment Is absolutely neces
sary to avoid overproduction.
It is stated that the mill men genprally believe
that they will b« able by this action to k»tp tho
supply of cotton gooda down so as barely to inr->"t
the actual necessities of the country In. that lino
Rnd to avoid thereby the extreme depression and
difficulty of 'selling goods, which, in the past, has
resulted, they claim, from a large surplus stock on
hand in Haass like the pr*v>ent.
The- mi.l men believe that any other course
would mean lengthy shutdowns, with consequent
loss to stockholders and distress to employes.
The New Bedford cotton manufacturers are in
clined to continue the present curtailment indefi
nitely. Several meetings l'»v»* been held, but no
definite action on the matter hap a* yet bf«-n •.i^*i>
The manufacturers of Manchester, N. H., will, It
is understood, follow in the path marked out by
the manufacturers in Fall River. New Bodforfl
and Lowell.
According to William S. Southworth, seeteaary
of the I«owell Cotton Manufacturers' Association,
tho decision of the New England manufacturers,
announced to-day, was hh exprcsiion of opinion
rather than a binding HKreem<>nt to curtiil Mr.
Southworth said that th« amount and duration of
the curtailment would depend upon developments.
It is expected that definite action will be taken
on Monday next, when the annual meethasj of the
l^ill Rivrr Cotton Manufacturers' a^aMslattHl SjfJl
be held. All of the maufacturers in Fall River are
disposed to cut down production. In the last week
the curtailment has amounted to u>.ooo pieces of
cloth, about a quarter of the normal production.
MUST INSTALL SAFETY APPLIANCES
\V. T. Beggln. chief of the bureau of auxiliury
tlre appllunc-CH, hits l» >-v atUßtalned by thu App«-1
i.ii" MtMsja in hlB < -'iit- titlon that eh-- Kire l'<
ptu-trtiunt lii*ri uuttiorlty to contprl the Installation
uf iipplluncrM In pilvuie and public! buildings for
psaSjialssa agalnet fir*. h»- aad)ased Mm Irustrea
of the »-.-t«it«! of L\ A Huffm&n to [dace pip'- Un«
aa the aeOHa] of the cellar and isaseelaai or iLr
building at No £0 P/anta *trret. eesHMesjai lth
a lite baas attachment .t i«J" the building i.Uv»
IfeS sldeMulk.
The I'lie DeaarUaeal Niwvaissi a penalty of l',o
for fa!lur» to SSjaal] with tbt» ora<?r \u» «he Ap
psUals I'lvision MaMata! the Judgment.
SPEAKERS AT AERO CLU.B DINNER.
The aaaaSM annual dinner of the A*-.w Club of
America will be held on Maf«a M at the Hotel St
Regis. Jt ia expected that apeethen will l>e m.ian
by Dr. Willis I* Moore, chief of tho United .--4 1 .-
Weather BurMii. Professor Uotrh. of Harvard
Uaiverstty, and director of Blur Hill Observatory.
Hyde I'urk. Mass.; McCready ke«. Lieutenant
Trank Lahm. L. R. A., «nri Jotimon Pherrlck. presi
den' of in" A«r« I'lub af Ohio. There will also b«
moving pictures ef reoeat aereaautlcai aeAisve.
meat*
/
=HORNER'S=j
FURNITURE
Th» Standard in Quality and Style
SPRING— I9OB
Newest woods, finishes and design ia
Parlor, Drawing Room, Library and
Hall rnrnitnre — from the plainest and i
inexpensive to the richest that skill acd
Cenius have fashioiied.
Such Is the ranere of our va.st stock.
occupying eight spacio'i* I sna It
affords equal choice alike for thp re
quirements of th*» modest apartment
and for th<> home of wealth an.i lux
ury —in smites or single piece* Tn
the matter of values, every price
ticket r- ■'.:>» Its own tnvltlns story ia
plain figures.
R. J. HORNER & CO.
Turnituie Makers and Importers
W. 23d St. W. 24th St.
61-63-65 36-38-40
AMORY OUT AGAINST JEROME.
Ir» a letter to Governor Hush's. dAted '"•
Wednesday. William N. Amory hai» .-i«'*^<i t9t *
opportunity to rlv# evidence acainst Plstrift •»•"
tornpy J«ro;tio on a hearing >>f ■"•» chars** •
cently filed by the King committee. Mr. A*^
asserts in his letter that h# will b« aM» tcJ P"° v
nn.oiin other things, that Mr. Jerome w»s •••"
of the Insolvency of th« Metropolitan Strwt B* 1 -*'
way Company In 1908. vrhen h« Investigated writ*
charges against the company: that the »ccoti 2t:c
hir-ii by Mr. Jerome m,i«le a report tMt was*
leudintc: thut .Mr. Jerome published the report. «•
■etas* with ar uttlclal statement thut practi'*--
was an apolory and a defancv o< persona ot «&*■
guilt he was a wax*, ana thut Mr. J«rowe • *
permitted "guilty person* ta go unpunJ^ttxl *•
itieir crimes."
SOCIOLOGIST TO ADDRESS CIVIC FORl 1 *
Lu. Fr*J«rlck van E»den. ta* worktnK sol - :jU '* !^
port al>J aulhvi «f klollHltJ *t»^> * dare * ; *'*,T,'
aati BjasjHßt «f tt.» «i-. Foruiu at farn*S^ *
tO-nlgbt at * mm apeak on JP»«crtsJ Pj*?"^
l.«m. Work aai UreaU." mh v>» fc>J«V llv '!Lj
WnUieii. Holland, a luniDiau - <fltifiw rlt m ~^
ho iiirii-tlt fouuded lea y«urs <t<< •■ >■' *' 1 "I',. f »
ii-> faun utwl factory, ha* served h-< t nux'" ■
tloren ininllll ti!-,' experiments tsi HoUaw*
Cure hoarseness and sore tnn»
ca.used by cold or u«e olj^
VOice. Aaeel«*e*