New-York tribune. [volume], May 04, 1910, Page 10, Image 10

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10
RECEIVER FOR CORDAGE CO.
Bondholders Take Its Affairs
Into Federal Courts.
ALL PLANTS SHUT DOWN
Has Long Done Business at a
Loss, and Has Made Attempt
to Dissolve Itself.
Th*> " Standard Cordare Company, a
$2,500,009 corporation, commonly known as
the Cordage Trust, and the £ucc«ts«=or.
three times removed, of th« old National
Cordape Company, the failure of which,
ju?t seventeen years ago, brought about the
panic of ISC was placed in the hands of
- a receiver yesterday, after an lnvoluntary
!*j>etltion in bankruptcy had been filed
against it in the United States District
Court by three creditors, with claims ag
srre<tatinp BJNI
Judge Hough appointed Lindsay Russell.
a lawyer, of No. Hi Broadway, receiver for
the company, with a bond of $100,000. Mr.
Rustell said yesterday afternoon that from
the brief examination he had been able to
make of the firms affairs its assets, in
*ludin« the plants in Brooklyn. Boston,
and Elizabeth. N. J . were about $1.400.»oo.
•rid the liabilities approximately IMIMts.
From this It would appear that the credit
ors, -who. with the exception of a few
merchant creditors with claim? aggregat
ing less than HfiOQ, are the holders of the
company's outetandinc J2.505.373 first mort
rafre 5 per cent bonds and $::.*7i.t*7 5 per
cent income bonds, would pet less than
£i per cent of the amount of their claims.
Action of the Bondholders.
The bondholders who filed the bankruptcy
petition against the company were Jacob
Fleischhauer. Philip H. E. >>>«<«? and
John Allen, who hold bonds of the par
value of CJffl. Behind them in the move
ment- however, it was eald on good au
thority, were bankinc interests represent
ing holders of large amounts of both
classes of bonds, who are desirous of hav
ing the affairs of the company wound up
Is the regular way through a federal re
ceiver, rather than through voluntary dis
solution, as ptauosea by the directors.
The latter, it will be remembered, on
April 12 applied to the state courts to nave
the company placed in voluntary dissolu- ;
tion, and Justice Blanchard in the Supreme
Court siened an order to show cause why
the company should not be dissolved. In j
their petition the directors said that Tor
years the company had been doing bust
mss at a loo*, and that the deficit
iMIIMWIiI to JGS!,3^ on September 30. BOS..
■XiMf also declared that none of the plants
was in operation, a.v! consequently there
was no net income to pay the interest on
the mortgage bonds, amounting to $14".""
» y#ar.
The proceeding instituted yesterday su
l__ 1.11 this action, but. according to an
officer of the company, application will be
made at once to have the receivership va
cated on -the ground that the petition for
voluntary dissolution had already been
approved by Justice Blanchard and by the
Attorney General of the etate.
In the involuntary bankruptcy petition
filed yesterday the creditors alleged that
SSI April 1, 1206. the Standard Cordage Com
pany executed a mortgage to secure an
i^sue of $£.oP0.<«00 '•' bonds payable In
iwenty-five years, of which *2,471.€K were
issued and are- now outstanding. This is a
second User there being a prior lien
of 52.8CC.000. and according to the petition
ers the property securing the second lien
is not worth as much as the amount of the
drat mortgac-"
It is also alleged in the petition that
for the last three years or more the com
pany has been managed in a wasteful and
extravagant manner, so that there have
been heavy losses each year and the com
pany, it is Raid, is insolvent. The petition
*ets forth further that on April I the com
vany committed an act of bankruptcy by
Ihe payment, while insolvent, of (Alls to
first mortgage bondholders.
This sum. the petitioners say. was for in
terest Owe October 1, 1909, on the first mort
gage bonds, and was paid, they declare, j
out of the free assets of the company. It
•nsis also alleged that the corporation had :
liabilities aggregating more .ban J2.400.0Vt
»-! d that its various plants were not worth
more than JJLOOO.OOO.
\\..i;man & Wollman. of No. -' Broad
street, are counsel for the petitioning cred
itors and also for the receiver.
According to Mr. Russell, the quick assets
b€ the company include $170,000 cash in
Vianks. 5125,<!"0 stock on hand in the vagous
plants and billr receivable of about 525.0 W.
Negotiations, he said, had also been com
jileted for tb* sale of th* Chelsea property
Ii Massachusetts for $80,400. As regards
the plants, he said that while it would
X'iobab!y take between 53.W9.W0 and f 4.000.000
to replace them, they probably could not
l>e sold in the present depressed condition
«,f the cordage business for more than
JJ.fOC'XtOO.
The first mo.tgage bonds are quoted nom
l!.a'i!y around H. Interest on them was de
faulted on Ai.ril i. mil at which time the
jnanagemert sent a circular to the bond-
Jiolders requesting them not to institute
< i\ '■■-!)!,, proceedings, as an attempt was
lo be made to straighten out the company's
affairs without a receivership. The com
|.«n\ continued to lose money, however.
n:id one after another Its plants were
cosed down until none was in operation.
In addition to Its bonds, the company. ha*
«*ji stand ing (2.759.75 C out of Its authorized
12. x.» .••-. capital stock. Charles Wilson
Is president and James G. Hurt] secretary
«-f the company. The other directors are
James B Clews, chairman of the board:
i' S. Ramsay. George H. Squire. jr., Albeit
R Boarwmaa, George T. IJonn< r, Albert M.
3 arlin, Norton Squire and B. I". Ham.
Th* 1 present <-omp?iny was ineorporiu-«l in
April, i ■•"'•'. as •• successor to the Standard
Hope and Twin- Company! which failed in
3 !•()£. This company was .-•' If a successor
of the United States Cordage Company,
which was ■ reorganization of the National
Cordasi* 1 Company, and failed in 1893. The
*=t«»ck of the National Cordage Company.
which waX ■■— widely dealt in then as Stct-l
common and other leading stocks are now,
dropped from 17 on Hay LIU ;o lo»4
three days lat« r, following the appointment
of a receiver for the company. The pries
of nil the active stocks on the list went
down with a crash on the announcement of
the failure, and three Stock Kxehans**
houses and several brokerage mma were
forced to do?*- their doors.
European
\ isitors
will find th«
I^uropcan Columns
of th«
New- York Tribune
a reliable guide to the best
shops, hotels and resorts.
Consult These Columns
Before Sailing
and much valuable time will
be saved for sightseeing-
HAS NO WATER TAXES NOW
Woman Objects to Higher Rate
and Has Houses Destroyed.
[By Telesnaph to The Tribune.]
Boston, May 3. — Men. women and chil
dren tore down two houses, one two
stories and the other three, at "Webber
street ■ and Douglas avenue, Roxbury,
early to-day and carted away all the
available timber in them.
Permission to tear them down had
been given by the owner. Mies Eleanor
Healy, who "was indignant at the higher
water rate charged since the new meter
system was installed.
"I ordered the water turned off and gave
my tenants forty-eight hours to move."
said Miss Healy. "In l!H«l my bill for
th* entire year was fl& The quarterly
bill is now $22 4*\ and. as I compute it.
this is an increase in a year of more
than 900 per cent."
F. B. KELLOGG GOES ABROAD
He Will Return in September to
Prosecute Pacific Merger.
Frank B. Kellogg, special United States
attorney, who represented the government
in the prosecution of the Standard Oil Com
pany, sailed yesterday on the North Ger
man Lloyd liner Kronprinz Wilhelm. Mr.
Kellogg was accompanied by his wife, with
whom he will make a motor trip through
Switzerland and Germany. Mr. Kellogg
said he was enjoying excellent health, not
withstanding the strenuous -work of the
last four years.
"I shall return in September." he said,
"to takp up an aggressive fight against the
trusts that are violating the law. 1 shall
have another interesting task on hand in
prosecuting the Union and Southern Pacific
merger- which comes up in court early in
October." •
A SHARP DROP IN RUBBER
Speculators Alarmed by Meagre De
mand for Raw Material.
London. May 3 —Speculators In rubber
experienced a shock at to-day's fortniKhtly
sale? of raw material in Mincing Une,
wh«n l"t after loi was withdrawn for lark
of purchaser.". Th«> usual buyers were
present, but there was no competition and
the prices offered ranged from Is. to Is. 6d.
bel^w the reserve price of the sellers. One
or two parcels of the best smoked sh<=et
•were allowed to go at lls. ?d. a pound.
Is. 3d b^low the price realized at the las=t
auciion. in order to encourage buyers, but
the auctioneers were unable to arouse the
ie^=t enthusiasm.
It Is explained that th* buyers here are
waiting further advices regarding the re
quirements of American manufacturrs.
The slump in the price of raw material
has given the rubber share market a fur
ther setback.
ANOTHER MILL FOR BORDEN
Print Cloth Factory To Be Erected at
Fall River.
Fall Rivpr, Haas., May 3.— lt was an
nounced to-day that the Fall River Iron
Works Company is to build another mill
for thp manufacture of print cloth. The
print cloth company, which i? controlled by
M. 1". D Bordon. of N~*>tv York, already op
erates seven cotton mill?.
TO PROTECT RAILROAD'S BONDS.
A committee consisting of Alvin W.
Krech, chairman: John L.. Billard, John S.
Kuhn. Robert Wbuor and Asa S. Wing
hap been formed for the protection of the
first and refunding 4 per rent gold bonds
of me Buffalo & Susquehanna Railroad
Company, of which $9.5l<VX>O are cfutstacd
inE- Deposits of the bonds are to be made
with the Kquitable Trust Company, of New-
York. Thi.< action has been taken in view
of the appointment <>f a receiver for the
Buffalo & Susrjuehanna Railway Company,
B ihe lessee o* the property of the
railroaii company.
BRAZIL'S FINANCIAL SURPLUS.
Rio de Janeiro, May 3.— The report of the
government finances for the fiscal year
of Ola show revenues of $160,345,000 and dis
bursements of $154,377,620. The revenues for
the gist quarter of 1910 were $7,500,000. For
eign commerce for the year showed ex
ports of J315,622,DC0 and imports of $155.€9»i,
770. The increase in exports was due chief
ly to the rise in the prices of rubber and
coffee.
A LUMBER COMPANY ASSIGNS.
St. John. \. 8.. May 3. -Andre Cushing
& <<... one of the largos' .lumber manu
facturing concerns in Kastern Canada,
made an assignment to-day to the Ea.-i
ern Trust Company. Unofficial estimates
plao the liabilities at $30,4001
Tii- !irm was one of a group of American
lumber concerns which imported logs from
Maine by way of the St. John River and
reshipped tb* sawn lumber to the United
Stales free of duty.
LAWYER GUILTY OF FORGERY.
Henry A. Doellinser. formerly a well-to
<i,, lawyer of this city, pleaded guilty to
in the first degree before Judge
Cram in the Court of (J< neral Sessions yes
terdas anil was remanded for sentence.
: p ;• obtained several Thousand dol
lars by forging mortgages on real estate
owned by bis client.-.
CROWD OUT AT PIMLICO
Thistledale Wins Feature Handi
cap in Striking Race.
Pbnttoo, Md., May 3.— A pood crowd wit
iii unrrt a fair day's sport here to-day on a
fast track. The day's feature. The Crick
more Memorial Steeplechase handicap, was
won in striking fashion by Thistledale,
equal favorite with Bigot, whose mishap
at the seventh jump put him out of the
runninK- In the opening event for young
sters, \j» bid came back with a beautiful
race and won most handily.
The summaries follow:
First race <for two-year-olds; four and one
halt' furloiiKS. *:.'»" added.) — Loch let 117 (C
Gilbert), N to 5, 7 t.i 10 and 3 Jo 10. won;
Idle Mi'ha-:. 100 <<-'. flrandj. 4 to 1. 7 to 5
: and 0 to 3, second ; Heretic, IN IE Vukh.uk
iit to .-, 7 to 5 and 8 to .'.. third. rime,
'■ 0:55 1-5. Muff Missiie, Wilfred <;erdes. Itace
ireU, Chilian Squaw, Ell 800 and Footlights
! alao ran
Becand rare if"!- four-year-olda and up
ward; fix irlomra: $:.<m added t— First Up, '■'<;
<A. I'ease.t, IS to 1. •! to 1 and 3 10 1, won.
C!roydon. i<^ 11. B. McCabe >, b «•> I, '.I to 1
and* N to ... .-'■•'• H'l. Margaret, 101 (J. Reid),
g to 1 3 to 1 and 8 to S. third. Thin-.
1:15 3-5. Rose Beaumont, Galinda, Guncot
ton. Kauiit, Haymarket and Clef also run.
Third race <for maiden three-year-olds and
upward ' one mile; $50') added) — Equation, •■>:<
«.T McOahey), 4 to 1. '.< to ■> and 4 to •: won;
M"ltk> '.'7 <<; Falrbroth^r). 5 to 1, '. t.i 1
and even aecond; Ctaaiivari, 110 a. Cioines),
10 •„ 1 4 to 1 and 2 to 1, third. Tim.-. 1:43.
John Mill. r. Amy!. Mv Southern Boy. Spark-
Una Wave, Jack Frost. oghwafta, Howlet and
Tni7.» -»lt*o ran. «...
,■,.,.., „,,.. 'the <'rlckmor<- Memorial
Fte-pl.-«-ha«e Handicap; f<>r four-year-dlds and
upward two mllest— Thlstledale. i«i (H.
Kn<-1*« 3 to l 0 to 5 and I to .'•. won; Dr.
Pillow.^ 138 <X Ryan i. .'. to 1. 8 to 5 and 7 to
10 second: Tourney. 144 ill. Lucas). S to 1,
5 to 1 and even, third. Time. 4 :OS .i .V Vll
halia. B*T»1 and Bigot also ran
Fifth race <for thrr*>-y«»ar-old« and upward:
SSOO ad<«ed: six furloiiKbi— Field Mouw. 113 IB
li,jran even, 2 to 5 and out; won; Beau < hilton.
MsTg' Falrbrother). h to I. f' to - and « to .'>.
Beoond : BaB»r 108 <W. Walker). 11 to 2. 2 to 1
inA !«*•«; third Time. 1!3*». O. M. Millar
Helwik St Jeanne. Cheek. Hamnion rags. Aron
dack and Flylntc Footsteps also ran.
««h we I Maryland Purse; $.VO added,
for three- y«ar olda and upward: on*, mile Mid
forty k-ardii- of Uanpdon. 111 <A NicolaU.
3 to 1. •veil and 1 to 2. won; Th« Golden Butter
tiv W <J JlrCahevK .'. to 1. 2 to 1 and 4 to !<■
eeVond Merman. J»l <A. Steinhardt). ID to 1. 4 to
1 and' S to 2. third Time. 143*. Cay IV
cdver. On-moniouf. Takahlra and Apologize also
"p^v^nth net (Selling $500 added; f. • foul
>^r-oidj ard up«arl; six fur!on?st— Jolly. 10
11 M'-t'ahevi *\ en and nut. wen: «ioi«Jen < astle.
f»"i ','] nWd). .1 to I. 4 t', 3 ■>"■• out. fecr.nd;
]~na<«',Wella K'l <G. Falrbrmher. 5 to 1. * to 5
srid'V to - third Ttir-e 114 1-5 B«rk*hln
Btthrf-.h'm.Tx-rr.etnus, aiiepiUioa RaclnettM and
Court Lad/ *isa na ' — - ~:.~~-~.
NEW-YORK DAILY TRIBUNE. WEDNESDAY. MAY 4. 1.010.
BLAMES GOLD PRODUCTION
Massachusetts Board Says It Is
Cause \ of High Prices.
Boston, May 3.— A marked increase in
the world's gold supply and extravagance
and waste, public and private, are the
principal reasons Riven for the high cost
of living by a special state commission
which has been investigating the subject
for eight weeks.
On© of the most interesting conclusions
is that the tariff, trusts and .trade unions
cannot be regarded as direct or active
causes of the' recent general, advance of
prices. Although agreeing that the tariff,
is not a contributory factor, tin- commis
sion Is of the opinion that when the tariff
is further revised the expediency of re
movinjr the. duties on food products should
be carefully considered. The commission
expressed the opinion that the tariff should
be taken out of politics and placed on a
business basis, as in Germany.
In regard to combinations, the commis
sion also feels that, while they cannot be
held responsible for the present conditions,
constant vigilance with reference to the
action of combinations dealing with the
necessaries of life is doubly incumbent.
HIS "CASTLES IN SPAIN" REAL
Armorer Cardona, of Brooklyn, Going
Abroad to Get Inheritance.
A cafe of where a "dream of castles in
Spain" came true is reported from the 14th
Regiment Armory, in Eighth avenue.
Brooklyn- The lucky man Is Captain
Ramon Cardona. armorer of the regiment
for the last thirty-one years. On the last
day of May he will sever his connection
with the regiment. He has already turned
in his resignation, but it is not to take
effect until alter May 23. the date on which
the regiment left Brooklyn for its "bap
tism of fire" in the Civil "War. He was
then a private of Company A, which he
had joined five years before. He fought
three years and returned a captain.
Captain Cardona would have taken part
in the late unpleasantness hetween this
country and the land of his birth, but was
rejected because of hie age, Soon after his
ifFignation takes effect he will go back to
Spain to get an inheritance, which, it is
said, will assure material comfort for the
remainder of his life.
RECTORS BRIDE LEAVES HIM
Accuses Him of Brutality and Asks
Alimony.
[By Telegraph to The Tribune.]
Baltimore. May 3.— After a married life
that went only a little way beyond the
honeymoon, Mildred G. Dame, the young
wife of Randolph Dame, rector of Memorial
Protestant Episcopal Church, has left his
apartments in the. Cecil, removed most of
her effects, and to-day entered suit for a
partial separation aod for permanent ali
tnonv.
She charges her husband with brutality
and non-support. They, were married last
ICew Year's Eve, the ceremony being per
formed by the young man's father, who is
one of the most prominent clergymen in
Maryland.
Mrs. Dame charges that from the time
of their marriage Mr. Dame treated her
with zreat cruelty and that frequently he
•used language of a kind that she would not
et forth In the Mil, but which. she says,
wili be fully revealed at a subsequent time.
AN ALL NIGHT COMET PARTY
Professor Pickering, in Its Absence,
Talks to Fiances and Party.
|By T<?l«>sraph t« Th» Tribune]
Cambridge. Mass . May The first local
HaOey's comet party returned early this
morning without having had a view of th«
celestial wanderer. The trip was planned
by Frederick S. Good, of Winchester, in
honor of his engagement to Miss Amy
Warder, of Chicago. The party started
late last night, after the "Pop" concert,
and arrived at Ferncroft Inn about 1
o'clock this morning, in time for a sup
per before the comet was scheduled to ap
pear. Although cloud? obscured the view
of the comet, the members of the party
were entertained by Professor William H.
Pickering, of Harvard, with a talk on the
comet and other astronomical matters
until it was time to lake the autos back ,
to Bof-ton. ]
MAY SELL OIL PROPERTIES
Southern Pacific Said to Consider Giv
ing Proceeds to Stockholders.
The Southern Pacific Company, accord
ing to a Wall Street report, is planning to
dispose of its oil properties in California,
exclusive of it.s majority interest in the
(40,000,000 Associated Oil Company, and dis
tribute the proceeds among its sharehold
ers. The Associated Oil Company has un
der ground, on its owned and leased lands,
an estimated minimum of more than 600-
OOO.OOf* barrels of oil. which would supply
the requirements of the Southern Pacific
system for fifty years.
The Southern Pacific's own holdings are
said to be between 65,000 an. l 7;..<W> acres of
"proven"' oil lands, besides many thou
sand acres of other lami Iyinir in the oil
districts. The total value of these prop
erties is estimated at as high as $100,000,000,
and on that bat,Ls the Union Pacific, If
such a distribution should be made, would
receive about $37,000,000. Leading interests
in the Southern PaHflr declined to com
ment yesterday on the rumor.
JURY READY IN NEELY SUIT
Government Renews Effort to Recover
$45,375 from Former Employe.
The government, in its second suit
against Charles F. W. Neely to recover
5.4.".. H7.'. of the $140,000 proceeds from the sale
of stamps while h* was In <harge of the
bureau of finance of the Department of
Posts at Havana; Cuba, got as far as the
selection of a Jury yesterday before Judge
Hand, in the United States circuit Court.
When the case is resumed to-day all of
the documentary evidence will have been
obtained. Handwriting experts will he
called to testify regarding many of the
signatures on papers that will ti«ure in
the suit.
The lit.-; suit w^ in April, 1904, and the
jury disagreed. When arrested here In
two <>n a criminal charge of embezzling
postal funds. Neely gave $90,000 bail, turn
ing two $10,000 bills over to the court. The
Cuban general amnesty act checked this
prosecution, and when the civil suit was
brought .lu.i^.- Lacombe attached, the
$*j>,<mi. It WUM an effort of N.-.ly's counsel
to have tin- attachment removed that re
vival the case.
UNIVERSITY OF VERMONT NOTES.
Burlington. Yt.. May I.— Founder's day
was observed on Sunday afternoon. May 1.
with exercises in the college, chapel. Ad
dresses were made by G. W. Powers, '11,
on Senator Justin S. Morrill. and by A.
F. Stevens, '10, on "Founder Faith." The
principal address of the afternoon was by
11. A. Lawrence, '93. of Rutland. Vt.. who
made a vigorous plea for the maintenance
in modern college- education of the Ideals
of the old classical course.' The exercises
wet* concluded by Die singing of the Latin
ode, "Annos Post ha c Omnea," and bene
diction by the Rev. Dr. Grismer, of Bur
lington. On this occasion were announced
the elections to the Boulder Society .ml
the Key and Serpent!
The. university recently Issued a bul
letin announcing the departments and sub
i-.t.- of the lectures to be offered under
the newly constituted board for university
extension. The list embraces a Ida va
riety of |c «... v in English literature, the
classics, history, philosophy, the modern
languages, etc. .vvhiltt the technical de-
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HLUTITBI AIsfETMi Hotei Victoria WM
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ALL ON THE HOHEWEG. -Adjolnl ig Ciiino. I Motet Belvedere) MMlitt *
"■ Every Comfort & Luxury, Oolf, *o. /»»w» w» •*» mmm www mmj
IIV3TITR I AKF\ 3rt.o-sr.Aj-i ii^TjbJij
ii^l I XL*W\*.M~4nK\.MLsL^ New. First-class Family Hotel.
. 150 BEDS. ITU BATH AND TOILETTES. FIREPROOF.
TIIK HOTEL DE 1.1 XX OF SWITZERLAND.
iRiariTNITJR Grand Hotel it Kurhaus
la) 1% %Jr (I 1 ML^i Splendid lleiilth Kesort; Well Knnvrn Family Hotel.
" Hours from Lucerne and Interlaken by Rail : Alt. 3.400 ft.
Favorite Centre "for Excursions. BOOKLETS & ATTRACTIVE LABELS. 3*W oth Aye.. N Y.
T~H~O~N GRAND HOTEL & THUNERHOF
On" of the Most * HOTELS BEI.LEVrE ET Dr PARC
Beautiful Spots in the The Leading Establishments. 400 Beds.
BERNESE OVERLAND. Booklets from Town & Country. 389 sth Aye.. N. Y.
~^r~—irZ jpi^ijr"W"~|FTfc~B""~B ■ %# Patronized bj^.Vmericans. HOTEL
MONTREUX Bath * "rollVt'!"TaV ye S <;rr'( t |en< i . NATIONAL
partments of the university are well repre
sented by lecturers on topics of applied
science, engineering and aprleulture. The
aim of th*» course Is "to broaden the hori
zon of those who have not had the advan
tages of a college education, and to afford
an opportunity for those who have attend
ed college to keep in touch with academic
thought along their favorite lines, or to
gain some information about subjects
which they have not had in t-ollepe." The
secretary of the ;->ard is Professor M. W.
Andrews
The homo t>as<?!>all season opened on
April 27 with a 4 to 1 victory over the
University of Maine, and on April 29 oc
curred the defeat of Bowdoln College by v
score of i to ft.
CLASS DISCIPLINES STUDENT
Yale Law Senior Asked to Stay Away
for Rest of the Year.
1 r.> T.leKraph to The Tribune. ]
N,w Haven, May %.— Maegnme <'<>xc, well
known aa a referee In bankruptcy in New
York City. reproved Beekman Raub, of the
senior class of the Sale Law School, dur
ing his lecture on bankruptcy taw to-day,
and Kavii) disputed Mr. Coxe'a right to re
prove him.
The lecturer suggested that the class iak.
mi the matter. The i lass Immediately held
;1 meeting aad voted to a.--k Raub to re
main out of the law school the rest of tht
year. Raub lives in New York.
SAN FRANCISCO MINING STOCKS.
San Francisco. May The official dosing
quotations (or mining stocks to-day were as
follows:
Ml , .. .101 Justice 11
Alpha Con • O!.|Kentucky Con .IS
Nnds . B ••■ '" | Mexican 1.37
.Belcher " Ji4 | Occidental Con M
Bullion .: : : : nlophir 1.47
Caledonia ,4»HOve i man !•<>
riiallf-nRe Ton -'■ •' ' ■ •' « 33
(I, ti , lr . IH Savage 3«
Confidence l.tmi^ag R»lche r 17
Con Tal & Va l.l2|Pl»rra Ne\mla '„.32
Con'lmi^rial r»H i nlon Con 34
Crown rv.tn' '" ! '-"• ' "' °1
Go\iifi a- Curr y ... > Vtliow Jacket. ...... .W
EUROPEAN ADVERTISEMENTS.
212 PAGES OF NOTES
Giving description, views, rates , and
treneral • information about .U™
TIIK HOTELS OF SWITZF,RI-A\n,
world famed for their hospitality
THIS BOOKLET IS^S^
XII X-< FOR THE \SSL
ASKING. Yi^S.
Call and secure It \ra^
with a handsome coll«c- kL^*-"
tlon of -other illustrated \^X
literature. booKsand
guides on Switzerland, the oT
most unique and in«"xp~n- V
!>ivr vacation country in fhe
world. Or this batch of in- '
t<-r.--stin«; vacation literature
mnifr«l for rout of nontaKC
ten cent*. Simply ask for
"'Vacation Opportunities."
SWISS FEDERAL RAILROAD.
241 s(h A>o., Not York City,
The American Home of
Switzerland.
Established for the benefit of
tourists. Full particulars
about Switzerland Rladly fur
nished. No fees. Let us help
arrange an Ideal Summer trtp
of health and pleasure for
your vacation this year.
HOTEL CATTANI
"VM £ ' '^\ Afa&ifrfiffPl^S^B
ARMY AND IVY NOTES
Proposed New Physical Tests
Disturb Army Officers.
[From The Tribune Bureau.]
Washington, May 3.
CRITICISM OF PLAN.— Army officers
are greatly exercised over the prospect of
an amendment of the conditions prescrib
ing an annual physical test. A tentative
scheme was outlined a month or more hko
and has been under trial by officers sta
tioned at Fort Leavenworth. Fort Myer
and the Army War College, In Washing
ton. Department commanders and the ottl
cers who took part In the trial ride or walk
have made reports, and a special com
ment has been made- by the surgeon Kn
eral. These make up a voluminous mass
of literature now under consideration by
the General Staff. Some criticism has been
made by officers on account of this con
sultation of individual views. They fear
that it is not contributing to discipline to
allow army officers to criticise .an order
and to assist in its composition. They be-.
lieve, an order should be prepared after
due consideration by those in authority
and issued to the officers who are required
to obey It without question. The .Titles
say that the present proceeding will pro
duce discontent, because no order requir
ing physical exercise Is bound to meet
with unanimous approval.
The report of the. surgeon general on the
subject is Interesting. It points out some
of the. defects In the phraseology of the
tentative order. Attention Is called to the
fact that the army engineers appear to be
specially excused from the requirement to
walk or ride. The medical officers believe,
that this exception should be extended to
senior *taff officers, those who compose the
permanent personnel, and whose duties
are not more Actively military than are
those of army engineers in charge of river
and harbor work. It is also recommended
EUROPEAN ADVERTISEMENTS. [ EUROPEAN ADVERTISEMENTS
i t\r* a DMA ™" GRAND HOTEL
■ ■■■ /lI*I Wl m open th*» who!" y«ar: Spring. sismm —
■ A^.W^L^/1 &JLml and Autumn Resort: Th«» Mml atr.ppi n<
mm^ p!?»ce on th" Italian flakes: Moat charm
i\uv w\i « inni ln^ TrarpJt from Switzerland to, ltaly.
r,otth, f rd ™ a '"wmi'lon ivhiiw" __^^—^—^— — — — — ■ »^ — — __^
HOTEL BEAU RIVAGE TIinCDMC! fifUllo HOTEL TIYOLI
Room*: PrliHt»> Ba»h«: Ijik#*i.l»: UUUbllllb nin<-»nt l.*Tft»n «>r*n T-n - .
»» u\ i v i» -f q<i «ti Pampht#t >.a. V*. - -^ £
Fampnlet ■**• ,— ■■■ ■ ■ .. . — ?
m~m*~m±~m^W*m7l~mm "^"llO'm AXD PUVSIOV FX'KK-I.
■ LUCERNE KTrr;f tnfirra Home Comfort: fentr*! K..f -I," Ml twMkm : --. ..,,
I Mqpt^l for K»mlll^ and Tor « linn Pt OJ . TCl^maoMffrT™™^^^
LUGANO r^'S-iSii BRISTOL
(Italian lakes> panorama. Booklet free ; 359 sth * v * •v Y.
LUGANO tE^'yo '^TtL PARK HOTEL
MfINTRFIIX GRANI ? ED^
If IU II I II Li U A Specially Patronized by American*
First Class Modern Hotel: 200'Koom* and Saloon*: -' -* of V? "• '-' * ItVl Bata*.
i:xßiv.\M.»:i) POSITION" ON fsUITZERI-XXD'S n>r-r r \ke.
Cl«w to Knrsaal: Snperb Monntaln VJ^i^SpiM-l»n«i Garden.
P-.MPIII.KTS AND INFORMATION" from TOWN A COUNTRY. 3«» STH A\ E.. NETT ' ""|.
UPIIPHATFI S RASD HOT£L BHIrVU t LAUSANNE HOTEL VICTORIA
ntUUnAILL et Beau RivO e: nrat Closs I; sew Ist class Family Hotel, nr. Station.
hotels:—
Qaellenhof : Hof Razaz
while Switzerland
===== Don't fail to Visit
THE GRISONS
Comprising m^fS^^^^^^M
of the most beautiful valleys and
of the most attractive Mountain Stations,
including the marvellous ENGADINE, »nd the
Health Resort* DAVOS And ADOSA. Mo*»
delightful journey by the famous BHAETIAN
RAILWAY and Ike EUetric BERNINA RAILWAY.
For Booklets apply to the Offices of -
The Swim Federal RAilroAd, 241, sth Avenue, N«w York ;
-: to Town, and Country Bureau, 589. 5tK Avenue, New Y«rlu
PONTRESINA
ENGAOINE r —saw I■ ■ SWITZERL4NO
BEST SUMMER RESORT IN THE ALPS
for Families and Sportsmen
BOOKLRTS t Swiss Federal Railroad. 241 sth Aye , New York.
FREE from s T»wn 6: Country Bureau. 380 sth Aye.. New \ ork
ST. MnDIT7 The BELVEDERE
|W| \m I # Select Hotel for Americans
■ ■■Will I lW Every Comfort : Finest Position
BOOK I. FT** FREE from TOWN * cnr"VTR\ BIRE\r. STH \\ V NF.ff VORV
?T MOBIT7 SCHWEIZEBHOF-CHITEIU
II I fffj HI I. I 1 fI- ' - rwnlllw. Is***
THOUNE ♦Switzerland) Hotel & Pension ITT EN
* "O*"* >ir-r-( ]»*» F:imily Hnnv: Park: r«m Vi^..
■BT W m I*% BJ| A ■*■ •■■ The Mo*t Interesting *°'I Most Picturesque Railway*
■JL H rC vn All m w Alp*
S«-a-..D: May to October. IIOTEI.S: — The "VICTOKIA/* "MONT CERVtN."
VIEGE-ZERMATT -mo>t rosk,- •niffix.%lp. • -or i\c >om
5307 Fert. Birm de to GAJtr. "^HWtIZERHOF. • > A
ZERMITT-GORMERGRmT no>AI * -««**■«
10290 Feet. Booklet*:— sth Avenue. >ew Urk.
ZURICH The BAUR au LAC
m m M, A M V^» M. M First Class family Hotel, facins tha Lake: •xtensiv*
T garden. Latest improvements.
KW York office. 359 sth avenug. N. T-. -where pamphlets may b» obtain^!.
*7. TI "R TifSTT ■" Victoria Hotel* first-class
AlUXlAVlli titiuna iiMiti. OPPOSITE RAILWAT ST\TIOX.
Ever?" modern comfort; private baths and toilet. Boiler Brothers, proprietors.
naOIC ROYAL PALACE HOTEL
WT r% W\ I . Pluro dii tawwtre Francnl Nr»r l.mivr. * Avenue d- lOrwr»i
• ■ i ll\l V J '0° Kwm— so B,ith«: Ki»om with n ith from ?2: luU pea»V**
* m> \ m w^^ from S3. Booklets — 38D sth A*e., >. 1".
BALE. GO Hotel VICTORIA 1111 C I II II C HOTEL
Me.™ c. m ,. .& NATIONAL LI «A UllII L CONTINENTAL
— ; ADVERTISEMENTS AND SrBPCRIPTION?
MOfSJTRIT IT V Swit7ertand for Th * Tribune" received at their Cptvm
UiN I KLU A. iWllZCriana Office. Xo. 13«4 Broadway, between StSth an*
HOTFI RFI MO\T t 3 " th *'*■■ untn * o'clock p. m. Adverrisenseat*
UUI Lib D£/L(1 1U11 1 ■<•: ;ved at the follow-In* branch offices a'- r?sr-
Delightful Spring and Summer «'£ r »'"«■•« ™" until « o-ctock p. m . »i»: -•»
Resort ,nd "Rest. Cure. i ij t h »t. : 104 East 14th *t.. _t>t west 42d st.
that other exceptions b© made, notably In
' the case of officers who are of a rank and
whose duties do not require them to be
with troops in the field, and whose ex
perience and training make them useful
members of the commissioned personnel,
from which they would he excluded by
almost any requirement of dally walks or
rides.
The principal criticism of the new order
j springs from the* fact that the require
| Befits are not sufficiently elastic; that they
are too binding, and fail to anticipate In
clemency of weather calculated at certain
seasons of the year to make walking or
i riding the distance prescribed for six days
; in the week Impossible. There is general
i approval of the proposition to have regu
lar physical exercise*, but this is consid
j ered as having its limitations, and. ac
i cording to the surgeon general, there
should, be an avoidance of anything which
may lead to excesses in that particular
for the sake of causing retirements. While
it Is desirable to help promotion. It is
i pointed out that this should not be at the
expense of retiring officers who are pro
, Relent professionally and useful In the dis
charge of their duties. General I> % onar<l
Wood, who comes to WashlnKton as chief
of »tan*. will presumably have much influ
ence In the final preparation of the order.
He is ono Of the conservatives who believe
that due allowance should be made for «>;•<
and for the Influences of climate in the
case of officers stationed In the tropics
At the same time, General \V.*>d is a tlrm
believer In regular physical exercise. The
army Is awaiting the amended order with
considerable anxiety, especially as It Is
known that the Secretary of War believes
that the existing requirements are not
sufficient.
ORDERS ISSUED.— The following orders
have been Issued.
Colonel l^>riS A I. A GARDE, medical corps, to
fit, i»vit:» to read Paper on ' 'Gunshot Wound*
in Recent Wars.' ' befnre surgical section of
American Medical Association. .Tune. 7.
MaJ«r I'KANE C. HOWARD, medirat corps, to
Columbus barracks for duty until May 2'X
thenef In Jefferson b4rraeka.
Captain LOUIS r OARRARD. Jr. to M*n:!a.
I Juli 1. for examination -for promotion.
Pfaferstamina Gorge
The Most Marvellous & Most
Romantic Sight in Switzerland.
Good and Immediate Health.
Stations 2000 ft. • Resting
Place to and from the Engadlne
Captain FRANK 1.. GRAHAM. <■'-■ Rico r«sl
ment of Infantry, to Washington, examla*
tton for retirement.
Captain CHARLK3 F. CRAIG, med'oa! rs%
detailed t> represent medioa! depart — cm
the army at seventh annual Tieet'.rs it
American Society of Tropical Medicine. ■ ■
St. Louis, June 11.
Captain WALTER M TVIMIKLM. or^nan. » <•»
partment, fr.nn Walter Reed General UoaV
pltal. IMstrtcf of I'olumNa. to proper station.
Second Urul'nan! r»AVir> B. TABLET. S<t
favalry. to Waahlnßtor.; e.xam-natlon for T9- )
tirement. . . . .- - j
Sccrnd IJeutenant u-'.!.:\\i W*. BOt>r>lE M
Infantry. tr> general hospital. Ptrstdta of
San Francisco.
U^ave of absence: First Ij*uti»r,*" €ffX>RGS R
RODNEY, .".ih Cavairj-, two months 'from k
I
N \ V V
UaasaaMH A. W. JOHNSON, -iletaeheij Navai
Aca»i--my. to the l^plaware.
Lieutenant \V. R. VAN ACKEN. to -Navsl
I
IJeutenant "i* S KKMPFK. iletache.l the \ •-»■
.I*»rs«-v. to th^ Mi'-t>ie-»n.
EnsiKn F. B. WOODSOX. detached th- >"♦
t>raska. t.> duty mi *i*i? »t contmtuuanr in
chief Atlantic fleet, on the t'oniwetlcut.
Ensign J. E. PONt>. d»U»ctt«d the \\>»: Vir»
iclnta: to duty in cuaneocion wtt> rtts'rii: v>ut
th« l'«trei.
Midshii>tnan A. S. KtMMAX, detached th»
West Virginia: resignation accented ti> laka
ffr^.t Hag
Acting Awlstant Surßeon A. U JACOPY. ap
pot ii '
MOVEMEXTS OF WARSHIPS.— Th« fat
lowlnjc movements of vessels have been re-,
ported to the Navy Department:
ARRIVED*
April 30 — The Mayflower at Tiaey Point.
May I— The Flusaer. the KelJ and the Arach*.
at navy yard. New York: the New Hamp
shire at Portsmouth, N 11.
May 3— The Wolverine at Cleveland, the chat!*
nooitn and the Samar at S : .(n<hii ■■•
Mtchigan at navy yant, N^w York.
SAILED.
May 2— The Wolverine from Eri» for f!evet«rf.
the Sioux from Boston for R«x-kl»n<t Me
May 3— The South f^rolina from rro\::i. '•'«"
for Hampton Ro»-1s.
The Vncas detached from Atlantic fleet-
The Io\»a commissioned at na\ > yard. Norfol'*.
The Petrel commissioned at na\y yard. Mar«
Island.
STEAMER MORSE TO RESUME-
The steamer C W. Mora?, of the Hud
son Navigation Company, which- chad- the
piston rod of her engine damafed ' a *
week and was lai I up for repairs, will re
sume her regular trips on Thursday .n*v».
leaving her pier for Albany at i p. BK
World- 1 ? mi
33*13
far fis'jt
BSanmatisin
Hasrasthaaia
Etc.