new york tribune (new york, ny) 1907-09-08 [p...

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* v. _:^..> TO HEAH DTt.MOREHOISE JVEAV-VOKK DAILY ' TKIBP?<E.~ SPypAT," SEfTEM^ER 8, 1907 .afV \u0084 , o c nv TWT c TROY VXD STEEL, RESPONSIBLE VIEWS OF THE GREAT QUEBEC BRIDGE, NOW A MASS J^TWISTED IRO>. ANT> ST FOR o?Sr™ «T un«e •— A com pa, 9on -*-o< -WU * the Tb. rl unx,«r*^ * U>. W. «lv. »Ml fnnt view of the ruined bridge.^.tm ho^'^^^^f fallen structuro.-The Moptreal Standard. ; a?!? U. S. Attorney's Office Will Use Him in Standard Suit. T>r Charles L. Mil ill 111 'of No. - ? West \u25a0•* r^o says he will begin a suit for J100.000.000 gainst the Standard Oil Company and John D. rockefeller for Illegal use of his patents, did not see Frank B. Kellogs In his office in the General j»ostoffloe Building yesterday. He did talk for two Jours with the assistants of the Deputy United States Attorney OlSiriT who Is in charge of the government's care against the Oil Trust. He was assured that his testimony would be wanted and he was requested, ho said yesterday afternoon, to hold himself In rc-adiness to appear at any moment. The conference yesterday morning did not ha\e any reference to the suit the doctor is planning to make the Standard pay for the use of Ws eatentc There ulll be no delay in this suit, how- th^iflLple. but lie. wid yesterday that the law- «r af£rkeep:ng to papers for a long Urn*, told hTm that it would be useless to bring a smt \u0084wx»t Bockefeller unless Dr. Morehouse had " on . S o Waxing warm, the doctor exclaimed: "Id like to hold John D. out at arm's length. There wouldnt fee a single hair left la Us head when I got through •with him-the old devil : lie la a perfect scamp, *"\u25a0 awake niphts to hatch up plots to ruin people and get the millions that by rights belong to others. la his put Dr. Mimliaasa will have b* attorney lay particular Ktress on the statement that when the Standard Oil Company for.-cd him out of busi- ness in Cleveland it obtained fifty 20-ton oil presses aad three, 250-ton presses. Similar presses, he Paid yesterday, have been aaed by the Standard Oil Company ever since end, he charges. In violation of his patents. I "Here is something John D. Rockefeller cannot K^ke" the doctor raid, showing- the reporter a cake of wax. "because the secret lies In my head. ; This wax when made into candles does not become ..oft under heat either from burning or warm ! weather It will not turn over as those do that you Uee new This wax was made by me from refuse left from burning oil. Some day I may again take * .. Its manufacture or Fell the formula, but the •Standard Oil Company will never pet hold of It as 'long as I live, and I will see that It does net 'do bo after my death.' C A Dean, who was the first to make products I from earth oil. wag an Intimate Mead and business 'fLfsoci&te of Dr. Morehoupe. fays the doctor. Mrs. Moroh^uße Is planning to write to President JJtoOEirrelt In rejrard to her husband's case. THI G. A. R. AT SARATOGA. I A Lively Contest Over Election of Com- mander in Chief Expected. Saratoga, M V . Sept. 7. -The national encamp- ment af the Grand Army of the RepublJo will begin •\u25a0 acsual session here on Monday, and many of the officers and delegates have already arrived. The Interest chiefly centres in the election cf cfScers and a lively contest for commander Tn 23 to succeed B. R Brown 1. expected^ Fr,^ra! candidates r.re in t!w BaM. Among these from the Bast Is Charles Barrows, of Ruth- erford. K. », who has served several terms as gcai t.rmsster general of the order. He has tie backing of the New Jersey .a? e organization, of which he Se * ps« commander in chief. He served In the Army of the PMsssaa la the Civil War. Among tie candidate, from the West Is Captain P. H. Coney, of Kansas. PUTS HIGHWAYMAN TO FLIGHT. Provision Dealer, Twice Attacked. Almost Overcome When Help Arrives. BloomfieW. K. J , Sept. 7 »iMI *!?*— 1 A. Drudy a produce dealer of this place, while on his way home at an early hour this aioraiog. was twice erected by fcisawaymen. The first was on Liberty Ftreet. near the bridge over the Morris Canal. I>nidy. after a hard fight, put the thug to rout. The produce dealer was Jogging along toward bis home, when another highwayman assaulted him. S. Who was pretty worn by his first ea- :counter, shouted for help. His assailant was fast : overpowering him. when Mr,, Frederick C. Ax o- •DeoS: of Spruce street wife of a veterinary sur- :£«,. came to the rescue. She had been nursing >*- husband, who Is suffering from concussion of -*l brain, caused by the kick, of a horse She got SI revolver and ran toward the *Btg&BS P^o- 'vision dealer. The highwayman took to his heels. :o>rudy was badly cut and bruised when Mrs. Arto- peous arrived. . HEFORXS THR BRIDOE AS IT APPEA THE ACCIDENT Cleveland Doctor Says It Is Increasing—Ad- vises Separation in Schools. D- John H. Lowman, of Cleveland, in the Sen- tember number of "Charities and the Commons, lays that the mortality among tho young from Srculosl, has Increased, and that^ls 1, so ,^. to theTeV.es that the di«»ase is decreasing. Dr. P m°ayhav°e r ralsV the" figure, In «\u25a0£«£\u25a0£ clinic, in Cleveland, the doctor has round 20 per cent lnfented out of 600 examined. The transition of a child from a free unre- rt ,ned a ; life in the open air atmosphere c danger of' infection from tuberculosis. More fresh aIT in the schoolrooms more time spent in the open air, increased teaching In hygiene and ele- mentary instruction in tuberculosis as a part of the curriculum are among the plans discussed for presenting the further spread of the disease in the * Dr° L,wman believes that a change in the pres- ent system of school inspection is necessary T.pon the detection of disease on examination It Is pro- posed that the children so effected shall be tau ht In special classes. In Italy, at Milan specially constructed buildings, with wide veranda-, have been projected by the authorities. Dr. Lowman urges that this echeme and methods for getting school children Into the country should be taken up without further delay in this country. TUBERCULOSIS AMONG CHILDREN. Chauffeur for Jsidor Wormier Gets Off with $3 Fine. Had Diogenes not c«a*ed in his search so long ago It -would have been crowned with eucceen yes- terday In th* Harlem court, when a chauffeur ad- mitted epeedlng. Magistrate Crane seems to have been much more fortunate than Diogenes, for he told the chauffeur he was the third honest man he had met In leos than twelve years. Patrolman McGrath pot Alexander Eptlng, of rv>bbs Ferry, where he Is employed a chauffeur by Isidor Wormfer. While speeding: up to Morris Park at lens than a hundred milefl an hour he got caurht at I9Gth street and Broadway. •\u25a0I'm guilty, ail right." he paid, -when arraigned. •'Why, I believe you are the third man who has come before In twelve years and unhesitatingly told the truth," pasped the magistrate. "It is so unusual to hear that from th*» chauffeurs who come before me that 1 shall take it into consideration In imposing the tine, and will let you off with $3." Fatrolman McGrath also caught at the same place Alfred Panler, chauffeur for H. J. Chisholm. jr. The chauffeur said lie did not think he was going us fast as the catrolman paid. but he was f.r.ed $10. The machine cot wrecked when the ar- rest was made. When McGrath pounced out on the party tas machine swerved and threw out the chauffeur. Mr. Chisholm and a friend of the latter, but no one was much hurt. All the chauffeurs caught on Friday night in the Bowery net were fined either to or 510 by Magis- trate Finn. Otto Miller, the first prisoner, drew a $10 line and a regret from the magistrate that he could not make It 550. William Mc- Guirk. chauffeur for Bernard Goldstein, who owns the Palm Garden In East BSth street, disagreed with the policeman about the speed he was mak- ing but was fined $10. too. Odell Capen. who was running a sightseeing car. admitted he .going too fast and was flned only $5. Charles S. etch. who was showing a car to Mayor Tom Johnson s eon. was flned $5 on the speeding charge and held for trial in $50 for having no New York license and fo7 using a New Jersey tag without being a bona Sde Sent of that .tat-. The other C.r.ey Sand driver. F. S. Beaby. and Thomas W "ho was caught in Fourth avenue, were fined $5 each. AMTTS AITTO SPEKDTXfi CENTRAL OF GEORGIA BOND RULING, protective Committee of Holders Wants Early Deposit of Securities. The protective committee of the bolder* of the sec- end and third preference income bonds of the Central of Georgia Hallway Company has issued a notice vr png holders of these to deposit their securities with the Central Trust Company and the Manhat- tan Trust Company not later than September 20. After that date bonds will be accepted only upon such conditions as the committee may determine. The committee has provided that In no event shall bondholders be required to contribute for expenses more than $7 M for each second preference income bond, and 115 for each third preference income bend deposited. A first instalment of $2 60 on each bend 58 payable et the time of deposit of the sec- «B*s. and *5 « bond en the deposit of the third In- corns Issue. mmm Stamped bonds Bust have the October l. 100.. cad ed! subsequent Interest warrants attached. The Interest to be paid on October 1 upon all second income bonds deposited Is to be collected by the committee- at its discretion, and If collected shall be raid to holders of the negotiable receipts and cer- tificates of deposit a* provided in the agreement. NOMINATED FOR " THE ASSEMBLY. Little Falls. N. T.. Sept. 7.—Thomas D. Ferguson was nominated to-day for Assemblyman from Her- kJmer County on the Republican ticket. CITY BOND ISSUE. the Cause of of Food Chewing Hasty Nervous If your teeth are fit, chew, chew, chew, until the food is liquid and insists on heing swallowed. If teeth are faultjv soften Grape- Nuts with cream or hot or cold milk and allow to stand a minute soaking. "There's a reason" as follows: Grape-Nuts food is in the form of hard and crisp granules, intended to br ground up by the teeth. That work not only preserves the teeth, hut brings down the saliva, so necessary in the primary work of digestion. Many people say (and it is true) that when they eat Grape-Nuts they seem able to digest not only that food but other kinds which formerly made trouble when eaten without Grape- Nuts. "There's a reason" for Grape - Nvits Dyspepsia. Cliew'.! The present administration of the institute, which has continued for more than thirty years under the prlncipalship of Charles O. Btlmets. has had for many years au advisory board ••( about thirty prominent men in th<4 county. Tae chairman oi tfei* bau-a Is tx-ausUti* Gilbert CoUiafc The institutes work covers the entire fleld of the. regular school course from the kindergarten to ad- vanced preparation for tho leading universities, and, besides, it directs a school of music and an art school. «. HASBROUCK INSTITUTE'S PROGRESS. Among the. larpn incorporated private schools in th© vicinityof Now York few hava a greater popu- larity thrui the Rasbnrack Institute of Jersey \u25a0which will raopea soon for lta fifty-second year. Its students come frqm every section cf Hudson County, and its graduates, about a thousand in number, are found In every profession and business throughout the country. In anticipation of many bids. Air. McCooey or- dered the biggest metal box In the financa de- partment to bbbN them In. Controller Metz. who is now in inidoccan, on board the Prlnzessen Ce- cilie, is expected in port by noon of Tuesday. That wouid get htm here In time to open the big metal l>ox at 2 o'clock, the official hour. A launch will be sent down the Bay for him. Controller Metz Expected To Be Here in Time to Announce Offers. Deputy Controller afeCaosy "*ld yesterday that 115 sealed bids for the $40,000,000 of 4', per cent bonds to bn offerfd on Tuesday had been received at the Controller's office. He said he had no moans of knowing in advaaos where the bids came from or how ninny of the bonds were bid for. He said, however, that he was confident that the whole amount would be subscribed for. Mr. McCooey would not confirm th« rumor In Wail Street that the Equitable, Mutual and Xew York Life Insurance companies had each ai«rre?ii to take $5,000,000 of the bonds; nor did he know of the formation of any syndicate to take over a big block of them. MANY BIDS F0: i A pathr-tie feature of the case is the condition of the missing man's two children, who are liv- ing at the Hall home in Winnetka in charge of a housekeeper. Since Hall left Chicago they have received no word from him, and have had no money to meet household rxpenFes. It appears that Hall has been "borrowing" the company's money for at least two years. There has leon little effort on his part to con- ceal this fact. The money taken out of the business -was secur.-d only by promissory notes signed by Hall. -As he has no other property than the fSO.OOO worth of Belding-Hall stock, which is worthless until nil outstanding bills are paid. It Is expected that the $315,000 which he borrowed nnd th© $40,000 which he lent t > irresponsible persons— s3ss,ooo in all— will be a total loss. Misting President of Company Said to Have Taken Big Sum. Chicago. Sept. Th* appointment of a re- ceiver for the properties of tho Beldlng-Hall Manufacturing < pmapaay yesterday followed closely the discovery by the creditors of the concern that its missing president. Jesse Edson Hall, had appropriated to his own use at least 5315.000 of the corporation's funds. So far as can be discovered, every dollar of this money went into mining mock which was- backed up with no tangible property, theatrical ventures which made no money, and other securities which the creditors ar« willuig to Bell In a lump for something less than $4,000. Indications yesterday were that Hall would not voluntarily return from Canada and that criminal prosecution would be instituted to bring him back to this country by the First National Bank, which hold* notes of the com- pany aggregating $100,000. BELDTNG-HALT, FJTLVFE. NEW CONTRACTING COMPANY. Albany. Sept. ".—The Hewlett Bay Company, of Hewlett, Nassau County, organized to do a con- tracting, dredging and building business, with a capital of J500.003. filed articles of Incorporation with the Secretary of State to-day. The directors are E. Macy. of Scarborough; Carleton Macy. of Wood- mere. R. G. Mead. Jr., of Briardiffe Manor, and F. A. Dlllinghsjn and F. M- D«iß«val*e, of Sum- •w, s, ,*» R. I. DELEGATION GOES TO JAMESTOWN. Providence, Sept. 7. The official state party to represent Rhode Island at the Jamestown Exposi- tion on Rhode fsland Day. September 10, left this city for Norfolk to-night. Tho party numbered seventy-five. Including Governor Hlffgtns and his staff, state officials, members of th* general assem- bly, and the militia and prominent citizens. The party" Is due to arrive at its destination on Monday morning. The programme arranged by the Rhort* Island commissioners will extend over four day*, beginning Monday, the departure for home to be made Thursday evening. N. Y. UNIVERSITY FIELD CAMP OPENS. The second annual field camp of the Junior and senior classes of New York University opened yes- terdsy. and Brill continue for two weeks. Sixty students, under Professor Harlng. left th« campus at University Heights early In tho moinlng tor Kingston, N. V. Th-» cair.p is near Fly Mountain. The students will live practically in the Open air. The Juniors* will spend their time on topographical surveys, while the seniors will run out railway curves and locate, stake and estimate short lines of railroad. Ilathrnan had been arrested in Boston on Thurs- day night at the request of the local police. Will- iam H. Curley, of No. 351 East ISOth street, charged him with* pacing: worthless checks and notes to the amount of $5,500 In this city some weeks ago, and a warrant was Issued. Inspector Watt, of Boston, wired that unless the warrant was re- ceived by the opening of court yesterday morning RUhman would probably be released by the magis- trate. Detective Hyams had the warrant, and he was not at home at 12:30 o'clock yesterday morning. A message was left with his wife. lie cot this mes- sage at 1.30 o'clock. Hyiims hurried to Headquar- ters, got the warrant out of his lockbox and then boarded a subway train. The Boston train was just pulling out when he arrived at the Grand Central Station. A burst of speed enabled Hyams to give the letter to a porter. To Prevent Release of Prisoner Detective Had to Make Record Time. Trying to catch a train for Boston nt 2:19 o'clock yesterday morning, in order to put aboard a special delivery letter containing a warrant a ithorirtnpr the holding in Boston for removal here of Samuel J. Rathman. better known as Jack Hamilton. De- tectire Ix>u!s Hyams, of the Central Office, made automobile time. GOT WAHRAKT OFF FOR BOSTON. In another particular Wall Stre-t mis- measures. Because active listed stocks h * v» declined tremendous! th» fashion beta* to re- cite dazing figures of losses— it s^ems to be ac- cepted that Just such recessions run throng* a.l rrc'irlt!** the country over. TWs Is far from tru<*. Tlte country's local securities are rot shrivelled. The bonds c Vmm York and great municipalities an exceptional la their market value shrinkages— somewhat because of more or less speculative wmmmmw Municipal fcends of lesser cities throughout the country are- not to be obtained at any Md f aerifies values; \u25a0\u25a0* the same is true of tV securities of Industrial properties elsewhere- than on the "Wall Street trading Usts. Apt exemplification of thli aj- pears this week in the statement of the Phila- delphia Casualty Company, whoa* presidency 1* taken by ex-Assistant Secretary of th* Treasury Robert B. Armstrong, represent!:;? conservattvo New York and Pennsylvania capitalists— the a?- s»t Investments of the company. apprcacMr.? $1,000,000. showing In September, conir*retl with January 1. a market recession approxi- mating barely 2 or 3 per cent, though, nean- •while, In Wall Street's liquidating rani:. "ac- tive" New York Stock Exchange issues ehxias so savagely. Nor are exhibits Ilka this excep- tional. If there be consideration of similar finan- cial corporations other than those directly vnI.- In the mercurial Influences of Wall Street. Money market condition* Improve s^-r:eWh»t. They are not yet altogether clear; -:• th» ten- dency is the right xray. "Wfcat th« Treasury Department Is aolne: helps more than on tfca i«tirfac<» shows. European payment for cottoa and other crops must also soon - :!:en*ial- Still another factor. though Wall Street ha» •teamed bo far quit© unable to comprehend Its effective consequence, appears In pher.crr.enaj gold mining developments— in southern Nersia more particularly, where th- Goldfleld Consoli- date.l mines make amazing progress. Their record promises to surpass even the dazzlic? days on the Comstock -when John W. llackay and his confreres had. as if by m!rac!e. hur. Jredj of millions handed to them. It is la the Gold- field Consolidated enterprise that a group of New York*3 foremost financiers recently In- vested heavily, joining United States Senator Nixon and other practical mining leaders of Nevada; and what may be considered e'gnlS- cant is that throughout all the recent market nervousness (with virtually every nUn'sg share going begging) GoMfield Consol'-lated has held with a firmness which finds It In September with a market value as high as it commanded at the start of the year reason enough for this sawaOßj In the wondrous mining yields, dally shipments of ore running at bonanza figures. Because of some labor difficulties, now approach!.-.* settle- ment. Goldfleld Consolidated dividends havo been postponed until an early oiSclal -la- nouncement will be made to assure regular & turns to Insiders and the Investors who ,ol> them. The dividend at the start will be equal, probably, to 20 per cent. As to the market's Immediate future. There will be disappointment in conservative predic- tions if Improvement be not extended. The list of bargains is long. There Is hardly a single standard stock selling for anything like prov- able intrinsic value. Some of these examples cannot remain— if anything like sanity abidei with the investment public. Kansas City South- ern Is one such bargain referred to here row for the reason that this -week it 3official state- ment shows that substantial dividends are beta* earned upon the common stock approximating 8 per cent., while the shares are purchasable^ under $30 a share— earnings representing 25 per cent., or more upon the market quotation. Another example is St. Louis South. Western. which, under the personal management of Ed- v.-in Gould, has been during recent years prac- tically reconstructed and developed out of earn- ings until now dividend declarations upon l a preferred stock must logically soon be >\u25a0»> coming—a prospect which explains the belief \u25a0 banking circles that Mr. Gould IfJaasH has been the chief absorber of such stocks ft- un- pleasant market conditions may have forceu others to sacrifice. a Reference in this rex-lew a week Boi to th» obvious bargain counter quotations for Third Avenue Street ralljray shares has the sequel of a sharp ad.\ince. In m far as complications may grow out of the Interborough Metropolitan inquisition. Third Avenue occupies a «*\u25a0•£\u25a0 position. The cancellation of its leas© and It* release from Interborough control would have the immediate result of creating actual Ur«a Increase of value. But the property Is too val- uable to controlling financiers to be P erml^ to assume its own individuality again. Thtra Avenue dividends seem certainly as sure any standard street railway dividend can^ce- And Third Avenue stock may any day •&<»* Biiddenly upward quite as fast as It was receuw rammed and jammed downward by ma ° lp ''^ tion. whose chief aim was to get as much sre— as could be had. the cheaper the better. * This week may witness a turn In the late- borough 'Metropolitan investigation. The cow- stitutlonalitv -f the Publi^ Utilities »* "IT be SS 1 Brh r. -irsJ'of Preparation^~£- saausfcMgS ltl Sm nent of one ot ©^^^ unlversiues. v aau*a» -•*— TTte Financial World. Security market conditions still further ha* prove— if we may take measure by quotation movements. Compared with prices a month ago the chance is marked enough t > denoie sterling betterment in Wall Street sentiment— if even la sentiment only. Authorities believe they recog- nize a material strengthening la basic condi- tions. Much preaching has been heard of advantages to be gained through business recession, but business recession has declined la follow the platitudinous preachers. Even the crops have refused to shrivel vp an obstinacy which this very week precipitates the failure of a Ne-v York Stock Exchange speculative brokerage firm committed to market contracts based upon confidence in an "expert" who has held premier place among crop calamity howlers. Not only do 1907's harvests persist la being Mg balnrexta. but 13"7 grain prices correspondingly persist hi -being prices that are big—while, as the authori- tative forecast of Theodore H. Prio has rr.ad* plain, the Southern plainer sets yields surpass- ing past records. . -^ As in jrreat national instances (like this cf crops: In railroad earnings climbing to heights never hitherto approached— the New York Cen- tral system's current report increasing over 512.000 r OOO gross: like the steel trad*, which insists upon doing nothing else than prosper more and more), as in individual Instances th<» record tel!? by way of Illustration appears Insuch proofs as are conveyed by the fact that New York City's wholesalers and jobbers aro this very season overrun with competing buyers from every town and city •« country wide; and this same testimony i* assert*** in ths crowded state of every one of New York's high grade hotels Take for certification the phe- I nnmen?.! record of the most lately erected ct New York's great berase^-OMi Hotel \u25a0•*\u25a0\u25a0 I concerning -whose mhnbi moody oracle 3 •\u25a0•<\u25a0 1 rfed at M rrrat an enterprises Inception "In a '. city already oversupplietl." Not only a* tha very start mm the \u25a0•*\u25a0 "* fined with gt:?st3. but Hi facilities, ruperior and extensive 33 they are. have been taxed virtually to th» limit con- tinually—even in July ? n ' ! August. '\u25a0• 13 much Incidents sillcl reflect Isaac* more truly thaa ran any Wall Street theorizing what the busi- ness conditions of the- country are— this new hotel catering •• precisely such guests a3 ar» in the St. Reels and Waldorf-Astoria r!as>s. CHARGED WITH FRAUD BY A WIDOW. Charged with getting: $1,500 from Mrs. Sarah Kelly a widow, to invest la bonds for her and then 'pocketing the money. Ernest 11. Spargo of No 175 West SCtli street. "this city, was committed in default of $2,500 ball by Judge Howell InNewark yesterday. _ BUSINESS TROUBLES. The following petitions in bankruptcy were filed yesterday In the United States District Court: Involuntary petition against Max Stork, furs and trimmings. No. "J> Bleecker street. Creditors and claims: I*. Freedman. *I,d«>; Samuel Conn. $05; David Friend. IST. Preferential payment of ?jSivo?unUiry> petition against Warm '& Messer. builder* No 80 to 66 East 93th street. Creditors ,-..<•! c!aims: Henry Applebaum. $1,257: the Larln- B>..n Wrecking Company. $925. ami Guild Ferando. Urn Preferential payments alleged. Involuntary petition against John F. Ghee, of West Chester Village Creditors and claim*: Her man Kuhl $325; Frank Olt, $50: Albert Kunemuth. $354- Patrick Mullin. $3.7 MV Conveyance of assets to defendant's wife alleged. Schedules of the United Syndicate Benyesson Corporation, of Hew Jersey, were filed by Robert J. McDermott, showing total liabilities of $3,117 and no asset*. Schedules of Samuel Margutias. showing liabili- ties of $3,111 and nominal asset* of 1600, were filed Dr. Hall, of Union Seminary, to Preach at Five Days' Terminating Services. The Rev. Dr. Charles Cuthbert Hal!, president of the Union Theological Seminary; the Rev. Dr. C. I* Goodell, pastor of the Calvary Methodist Episcopal Church, and others will preach at the final rallies, covering five successive days, which will mark the close of the. third season of work conducted by the Evangelistic Committee of New York City. The first of these rallies will be held In Trinity Church. Broadway and Wall street, next Friday. September 13, at noon. The .sermon will be preached by the Rev William Wilkinson, of Minneapolis, who has held noon servlc-s in Wall street for three sum- mers. On Saturday afternoon. September 14. children from seven or eight different sections of the city will meet at 2:30 o'clock In the neighborhood of Ma OUvary Methodist Episcopal Church. l»th street and Seventh avenue, and after a parade will march to the church for exercises, songs and recitations. The children will be addressed by the Rev. Dr. Guodell. the pastor, and the Rev. Dr. Louis Klopsch. of "The Christian Herald." Last year fifteen hun- dred children attended a similar rally In that church. Sunday, the IMb, win be observed by special services at all the Matt and a special gathering at Fort George at 4 o'clock In the afternoon. A pro- cession of nil the workers and those Interested In the meetings, led by band and chorus, will march the length of the Midway, holding services at In- tervals. <>„ Monday evening:, the l«h. another rally Will be held In the Brick Preshyterlan Church. Xif.h avenue and Kth street. Dr. Hall will preach. and the entire congregation will then march down Fifth avenue to Mm Square, where an open air meeting will follow. A maw. meeting In Carnegie Hall on Tuesday evening. September IT. will end the series. An Parsons, of the Interborougk, Made Inspection Defends Rice. William Barclay Fircone, consulting «•••\u25a0• of the Interborough Rapid Transit Company, \u25a0»! four hours yesterday In th« New Torlc and Brook- lyn tubes at the Battery. Inspecting. th« work. It was after 1 o'clock when Mr. P*r<«ojs rAaMed his offle* lit No 60 "Wall street. It was reported that the rnclnf*™ in charre rf •work on the tubes hart authorized the Rapid Tran- sit Subway ruction Company. the contracting concern, to Install «n Inner steel tube through each, of the t«b*s as they r.-re originally place.l. Asked If this was true. Mr Parsons B»W: "It Is absolutely MtTM. There Is only *\u25a0 ••• tub*, and notl-.tn* eIM bM been contractpd Cor or planned for. Th» tubes I found •"\u25a0• In th« b*-t condition. I I \u25a0\u25a0wl««i the -work from beginning to end. and I am MMMM•«» It as It stands." Mr Parsons Hid Qm erroneous report had i.i orlcln in the fart that th* contractors came across two sections of quicksand. In passing these points tho first contractors failed to take proper precau- tions., ana Km result was that after th« tubes had been Installed It was found necessary to build con- Crete piles under the tubes at the points where quicksand had been encountered "In doln^ th!*> work. ' Mr. rw—M \u25a0\u25a0** th-» tube plate* were rot affected, except in *o far the engines' found it expedient to lower the tubes to meet a tni» lln^ with the top of the concrete riles It -will be found the roof of the tunnel be- tween the two points indicated a* affected by quicksand, one. near Brooklyn, tie other near New Tork Is slightly higher than at other point*. "It was found advisable where, the original con- tract called for concrete work to extend only to the edses of tubes where they come together to earn- the concrete out perhaps three or four Inches from the joints, thereby aiuuil— additional «e- enrtty from possible leaks." Mr Parsons *aid this line of work was begun i two month* ago. after he had consulted with Chief I Enßlceer Oeorg. H. I'egram of the Rapid Transit Subway Construction Company. The engineer for the Public Service Commission. George 9. Rice, then acting for th« old Hoard of Rapid Transit Railroad Commissioners, was aware. Mr. Parsons Bald of tin work being don", and in no partlcu.ar had Mr. Rice, exceeded his authority In th» matter. -I do not M*." said Mr. Tarsons. "why any crit!- clem should be directed against Mr. Hire at this time in connection with the work on the Battery i tubes. To my mind. Mr. Rice Is entitled to com- I mendation, rather than criticism." Mr Parsons said he did not recall the date planned for the opening of the tubes, but when reminded that EL P. Dryan. president of the Inter- borough Rapid Transit Company, had testified be- fore 0m Pnbllo Service Commission's Investigator. Mr Ivlns. that October or early November would find the tubes in practical operation Mr. Parsons agreed the work would be ready by that time. The New York Contracting and Trucking Company had the original contract for building the tunnel, the work afterward being taken over by the Rapid Transit Subway Construction Company. TO CLOSE EVANGELISTIC WOEK. PKAISES TUffNEI WOR X

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Page 1: New York Tribune (New York, NY) 1907-09-08 [p 4]chroniclingamerica.loc.gov/lccn/sn83030214/1907-09-08/ed-1/seq-4.… · v. _:^..> TO HEAH DTt.MOREHOISE JVEAV-VOKK DAILY 'TKIBP?

*v. _:^..>

TO HEAH DTt.MOREHOISE

JVEAV-VOKK DAILY'

TKIBP?<E.~ SPypAT," SEfTEM^ER 8, 1907 .afV\u0084,o c nv TWT c TROY VXD STEEL, RESPONSIBLE

VIEWS OF THE GREAT QUEBEC BRIDGE, NOW A MASS J^TWISTED IRO>. ANT> ST

FOR o?Sr™ «T un«e•—

Acompa,9on -*-o< -WU*the

—•

Tb. rlunx,«r*^*U>. W. «lv.»Mlfnnt view of the ruined bridge.^.tm ho^'^^^^f fallen structuro.-The Moptreal Standard. ;

a?!? U. S. Attorney's Office Will

Use Him in Standard Suit.T>r Charles L. Milill111 'of No.

-? West \u25a0•*

r^osays he will begin a suit for J100.000.000gainst the Standard Oil Company and John D.

rockefeller for Illegal use of his patents, did not

see Frank B. Kellogs In his office in the Generalj»ostoffloe Building yesterday. He did talk for two

Jours with the assistants of the Deputy United

States Attorney OlSiriT who Is in charge of the

government's care against the Oil Trust. He was

assured that his testimony would be wanted and

he was requested, ho said yesterday afternoon, to

hold himself Inrc-adiness to appear at any moment.

The conference yesterday morning did not ha\eany reference to the suit the doctor is planning

to make the Standard pay for the use of Ws

eatentc There ulll be no delay in this suit, how-

th^iflLple.but lie. wid yesterday that the law-

«r af£rkeep:ng to papers for a long Urn*, told

hTm that it would be useless to bring a smt \u0084wx»t

Bockefeller unless Dr. Morehouse had ™ "on.S

oWaxing warm, the doctor exclaimed: "Idlike to

hold John D. out at arm's length. There wouldnt

fee a single hair left la Us head when Igot through

•with him-the old devil:lie la a perfect scamp, *"\u25a0awake niphts to hatch up plots to ruin people and

get the millions that by rights belong to others.

la his put Dr. Mimliaasa willhave b* attorney

lay particular Ktress on the statement that when

the Standard Oil Company for.-cd him out of busi-

ness in Cleveland it obtained fifty 20-ton oil presses

aad three, 250-ton presses. Similar presses, he Paid

yesterday, have been aaed by the Standard Oil

Company ever since end, he charges. In violation

of his patents.

I"Here is something John D. Rockefeller cannot

K^ke" the doctor raid, showing- the reporter a

cake of wax. "because the secret lies In my head.;This wax when made into candles does not become

..oft under heat either from burning or warm

!weather It will not turn over as those do that you

Uee new This wax was made by me from refuse

left from burning oil. Some day Imay again take*.. Its manufacture or Fell the formula, but the

•Standard Oil Company willnever pet hold of Itas'long as Ilive, and Iwill see that It does net

'do bo after my death.'

C A Dean, who was the first to make productsIfrom earth oil. wag an Intimate Mead and business

'fLfsoci&te of Dr. Morehoupe. fays the doctor.

Mrs. Moroh^uße Is planning to write to PresidentJJtoOEirrelt In rejrard to her husband's case.

THI G. A. R. AT SARATOGA.

IA Lively Contest Over Election of Com-

mander in Chief Expected.Saratoga, M V. Sept. 7.-The national encamp-

ment af the Grand Army of the RepublJo will

begin •\u25a0 acsual session here on Monday, andmany of the officers and delegates have already

arrived. The Interest chiefly centres in the election

cf cfScers and a lively contest for commander

Tn 23 to succeed B. R Brown 1. expected^Fr,^ra! candidates r.re in t!w BaM. Among

these from the Bast Is Charles Barrows, of Ruth-

erford. K.», who has served several terms as gcai

t.rmsster general of the order. He has tie backing

of the New Jersey .a? e organization, of which he

Se *ps« commander in chief. He served In theArmy of the PMsssaa la the Civil War. Among tiecandidate, from the West Is Captain P. H. Coney,

of Kansas.

PUTS HIGHWAYMAN TO FLIGHT.

Provision Dealer, Twice Attacked. Almost

Overcome When Help Arrives.BloomfieW. K. J , Sept. 7 »iMI *!?*—1 A.

Drudy a produce dealer of this place, while on his

wayhome at an early hour this aioraiog. was twiceerected by fcisawaymen. The first was on Liberty

Ftreet. near the bridge over the Morris Canal.I>nidy.after a hard fight, put the thug to rout.

The produce dealer was Jogging along toward bis

home, when another highwayman assaulted him.

S. Who was pretty

—worn by his first ea-

:counter, shouted for help. His assailant was fast

:overpowering him. when Mr,, Frederick C. Ax o-

•DeoS: of Spruce street wife of a veterinary sur-:£«,. came to the rescue. She had been nursing

>*- husband, who Is suffering from concussion of

-*lbrain, caused by the kick,of a horse She got

SI revolver and ran toward the *Btg&BS P^o-'vision dealer. The highwayman took to his heels.:o>rudy was badly cut and bruised when Mrs. Arto-

peous arrived. .

HEFORXSTHR BRIDOE AS IT APPEATHE ACCIDENT

Cleveland Doctor Says ItIs Increasing—Ad-

vises Separation inSchools.

D- John H. Lowman, of Cleveland, in the Sen-

tember number of "Charities and the Commons,

lays that the mortality among tho young fromSrculosl, has Increased, and that^ls

1, so,^.to theTeV.es that the di«»ase is decreasing. Dr.

Pm°ayhav°er ralsV the" figure, In «\u25a0£«£\u25a0£clinic, in Cleveland, the doctor has round 20 per

cent lnfented out of 600 examined.The transition of a child from a free unre-

rt ,neda; life in the open air atmosphere c

danger of' infection from tuberculosis. More fresh

aIT in the schoolrooms more time spent in the

open air, increased teaching In hygiene and ele-

mentary instruction in tuberculosis as a part of the

curriculum are among the plans discussed for

presenting the further spread of the disease in the

*Dr°L,wman believes that a change in the pres-

ent system of school inspection is necessary T.pon

the detection of disease on examination It Is pro-

posed that the children so effected shall be tau ht

In special classes. In Italy, at Milan specially

constructed buildings, with wide veranda-, have

been projected by the authorities. Dr. Lowman

urges that this echeme and methods for getting

school children Into the country should be taken

up without further delay in this country.

TUBERCULOSIS AMONG CHILDREN.

Chauffeur for Jsidor Wormier Gets

Off with $3 Fine.Had Diogenes not c«a*ed in his search so long

ago It -would have been crowned with eucceen yes-

terday In th* Harlem court, when a chauffeur ad-mitted epeedlng. Magistrate Crane seems to have

been much more fortunate than Diogenes, for he

told the chauffeur he was the third honest man he

had met In leos than twelve years.

Patrolman McGrath pot Alexander Eptlng, ofrv>bbs Ferry, where he Is employed s« a chauffeurby Isidor Wormfer. While speeding: up to Morris

Park at lens than a hundred milefl an hour he got

caurht at I9Gth street and Broadway.

•\u25a0I'm guilty,ail right." he paid, -when arraigned.•'Why,Ibelieve you are the third man who has

come before m« In twelve years and unhesitatingly

told the truth," pasped the magistrate. "Itis sounusual to hear that from th*» chauffeurs who comebefore me that 1 shall take it into consideration Inimposing the tine, and will let you off with $3."

Fatrolman McGrath also caught at the sameplace Alfred Panler, chauffeur for H. J. Chisholm.jr. The chauffeur said lie did not think he was

going us fast as the catrolman paid. but he was

f.r.ed $10. The machine cot wrecked when the ar-rest was made. When McGrath pounced out

on the party tas machine swerved and threw out

the chauffeur. Mr. Chisholm and a friend of the

latter, but no one was much hurt.All the chauffeurs caught on Friday night in the

Bowery net were fined either to or 510 by Magis-

trate Finn. Otto Miller, the first prisoner, drew

a $10 line and a regret from the magistrate

that he could not make It 550. William Mc-

Guirk. chauffeur for Bernard Goldstein, who owns

the Palm Garden In East BSth street, disagreed

with the policeman about the speed he was mak-

ing but was fined $10. too. Odell Capen. who was

running a sightseeing car. admitted he .going

too fast and was flned only $5. Charles S. etch.

who was showing a car to Mayor Tom Johnson s

eon. was flned $5 on the speeding charge and held

for trial in $50 for having no New York license

and fo7using a New Jersey tag without being a

bona Sde Sent of that .tat-. The other C.r.ey

Sand driver. F. S. Beaby. and Thomas W"ho was caught in Fourth avenue, were fined $5

each.

AMTTS AITTO SPEKDTXfi

CENTRALOF GEORGIA BOND RULING,

protective Committee of Holders Wants

Early Deposit of Securities.The protective committee of the bolder* of the sec-

end and third preference income bonds of the Centralof Georgia Hallway Company has issued a noticevrpng holders of these to deposit their securitieswith the Central Trust Company and the Manhat-

tan Trust Company not later than September 20.

After that date bonds will be accepted only upon

such conditions as the committee may determine.The committee has provided that In no event shall

bondholders be required to contribute for expenses

more than $7 M for each second preference income

bond, and 115 for each third preference income

bend deposited. A first instalment of $2 60 on eachbend 58 payable et the time of deposit of the sec-

«B*s. and *5 « bond en the deposit of the third In-

corns Issue. mmm

Stamped bonds Bust have the October l. 100..

cad ed! subsequent Interest warrants attached. The

Interest to be paid on October 1 upon all second

income bonds deposited Is to be collected by the

committee- at its discretion, and Ifcollected shall be

raid to holders of the negotiable receipts and cer-

tificates of deposit a*provided in the agreement.

NOMINATED FOR

"THE ASSEMBLY.

Little Falls. N.T.. Sept. 7.—Thomas D. Ferguson

was nominated to-day for Assemblyman from Her-

kJmer County on the Republican ticket.

CITY BOND ISSUE.

the Cause of

of Food

Chewing

Hasty

Nervous

Ifyour teeth are fit, chew, chew,

chew, until the food is liquid and

insists on heing swallowed.

Ifteeth are faultjv soften Grape-

Nuts with cream or hot or cold milk

and allow to stand a minute soaking.

"There's a reason" as follows:

Grape-Nuts food is in the form of

hard and crisp granules, intended to

br ground up by the teeth. That

work not only preserves the teeth, hut

brings down the saliva, so necessary

in the primary work of digestion.

Many people say (and it is true)

that when they eat Grape-Nuts they

seem able to digest not only that food

but other kinds which formerly madetrouble when eaten without Grape-

Nuts.

"There's a reason" for

Grape - Nvits

Dyspepsia. Cliew'.!

The present administration of the institute, whichhas continued for more than thirty years underthe prlncipalship of Charles O. Btlmets. has had formany years au advisory board ••( about thirtyprominent men in th<4 county. Tae chairman oitfei*bau-a Is tx-ausUti* Gilbert CoUiafc

The institutes work covers the entire fleld of the.regular school course from the kindergarten to ad-vanced preparation for tho leading universities,

and, besides, it directs a school of music and anart school. «.

HASBROUCK INSTITUTE'S PROGRESS.Among the. larpn incorporated private schools in

th© vicinityof Now York few hava a greater popu-larity thrui the Rasbnrack Institute of Jersey

\u25a0which will raopea soon for lta fifty-second year.

Its students come frqm every section cf HudsonCounty, and its graduates, about a thousand innumber, are found In every profession and businessthroughout the country.

In anticipation of many bids. Air. McCooey or-dered the biggest metal box In the financa de-partment to bbbN them In. Controller Metz. whois now in inidoccan, on board the Prlnzessen Ce-cilie, is expected in port by noon of Tuesday. Thatwouid get htm here In time to open the big metall>ox at 2 o'clock, the official hour. A launch willbe sent down the Bay for him.

Controller Metz Expected To Be Here inTime to Announce Offers.

Deputy Controller afeCaosy "*ld yesterday that115 sealed bids for the $40,000,000 of 4', per centbonds to bn offerfd on Tuesday had been receivedat the Controller's office. He said he had no moansof knowing in advaaos where the bids came fromor how ninny of the bonds were bid for. He said,however, that he was confident that the wholeamount would be subscribed for.

Mr. McCooey would not confirm th« rumor InWail Street that the Equitable, Mutual and XewYork Life Insurance companies had each ai«rre?iito take $5,000,000 of the bonds; nor did he knowof the formation of any syndicate to take over abig block of them.

MANY BIDS F0:i

A pathr-tie feature of the case is the conditionof the missing man's two children, who are liv-ing at the Hall home in Winnetka in charge ofa housekeeper. Since Hall left Chicago theyhave received no word from him, and have hadno money to meet household rxpenFes.

It appears that Hall has been "borrowing"

the company's money for at least two years.

There has leon little effort on his part to con-ceal this fact. The money taken out of the

business -was secur.-d only by promissory notessigned by Hall. -As he has no other property

than the fSO.OOO worth of Belding-Hall stock,

which is worthless until nil outstanding billsare paid. It Is expected that the $315,000 whichhe borrowed nnd th© $40,000 which he lent t >

irresponsible persons— s3ss,ooo in all—will be a

total loss.

Misting President of Company Said

to Have Taken BigSum.Chicago. Sept. Th* appointment of a re-

ceiver for the properties of tho Beldlng-Hall

Manufacturing <pmapaay yesterday followedclosely the discovery by the creditors of the

concern that its missing president. Jesse EdsonHall, had appropriated to his own use at least

5315.000 of the corporation's funds. So far ascan be discovered, every dollar of this money

went into mining mock which was- backed up

with no tangible property, theatrical ventures

which made no money, and other securitieswhich the creditors ar« willuigto Bell Ina lump

for something less than $4,000.

Indications yesterday were that Hall would

not voluntarily return from Canada and that

criminal prosecution would be instituted to

bring him back to this country by the FirstNational Bank, which hold* notes of the com-pany aggregating $100,000.

BELDTNG-HALT, FJTLVFE.

NEW CONTRACTING COMPANY.Albany. Sept. ".—The Hewlett Bay Company, of

Hewlett, Nassau County, organized to do a con-tracting, dredging and building business, with acapital ofJ500.003. filed articles of Incorporation withthe Secretary of State to-day. The directors are

E. Macy. of Scarborough; Carleton Macy. of Wood-mere. R. G. Mead. Jr., of Briardiffe Manor, and

F. A.Dlllinghsjn and F. M- D«iß«val*e, of Sum-•w, s,,*»

R. I. DELEGATION GOES TO JAMESTOWN.Providence, Sept. 7.

—The official state party to

represent Rhode Island at the Jamestown Exposi-

tion on Rhode fsland Day. September 10, left thiscity for Norfolk to-night. Tho party numberedseventy-five. Including Governor Hlffgtns and his

staff, state officials, members of th* general assem-bly, and the militia and prominent citizens. Theparty" Is due to arrive at its destination on Monday

morning. The programme arranged by the Rhort*Island commissioners will extend over four day*,

beginning Monday, the departure for home to be

made Thursday evening.

N. Y. UNIVERSITY FIELD CAMP OPENS.The second annual field camp of the Junior and

senior classes of New York University opened yes-terdsy. and Brill continue for two weeks. Sixty

students, under Professor Harlng. left th« campusat University Heights early In tho moinlng tor

Kingston, N. V. Th-» cair.p is near Fly Mountain.

The students will live practically in the Open air.The Juniors* will spend their time on topographicalsurveys, while the seniors will run out railway

curves and locate, stake and estimate short lines ofrailroad.

Ilathrnan had been arrested in Boston on Thurs-day night at the request of the local police. Will-iam H. Curley, of No. 351 East ISOth street, charged

him with*pacing: worthless checks and notes to

the amount of $5,500 In this city some weeks ago,

and a warrant was Issued. Inspector Watt, ofBoston, wired that unless the warrant was re-ceived by the opening of court yesterday morning

RUhman would probably be released by the magis-

trate.

Detective Hyams had the warrant, and he wasnot at home at 12:30 o'clock yesterday morning. Amessage was left with his wife. lie cot this mes-sage at 1.30 o'clock. Hyiims hurried to Headquar-ters, got the warrant out of his lockbox and thenboarded a subway train. The Boston train wasjust pulling out when he arrived at the GrandCentral Station. A burst of speed enabled Hyams

to give the letter to a porter.

To Prevent Release of Prisoner Detective

Had to Make Record Time.Trying to catch a train for Boston nt 2:19 o'clock

yesterday morning, in order to put aboard a specialdelivery letter containing a warrant a ithorirtnpr

the holding in Boston for removal here of SamuelJ. Rathman. better known as Jack Hamilton. De-tectire Ix>u!s Hyams, of the Central Office, madeautomobile time.

GOT WAHRAKT OFF FOR BOSTON.

In another particular Wall Stre-t mis-

measures. Because active listed stocks h*v»

declined tremendous! th» fashion beta* to re-

cite dazing figures of losses— it s^ems to be ac-

cepted that Just such recessions run throng* a.l

rrc'irlt!** thecountry over. TWs Is far from

tru<*. Tlte country's local securities are rot

shrivelled. The bonds c Vmm York and great

municipalities an exceptional la their market

value shrinkages— somewhat because of more or

less speculative wmmmmw Municipal fcends of

lesser cities throughout the country are- not to

be obtained at any Md faerifies values; \u25a0\u25a0*the same is true of tV securities of Industrialproperties elsewhere- than on the "Wall Street

trading Usts. Apt exemplification of thli aj-

pears this week in the statement of the Phila-delphia Casualty Company, whoa* presidency 1*taken by ex-Assistant Secretary of th*Treasury

Robert B. Armstrong, represent!:;? conservattvoNew York and Pennsylvania capitalists— the a?-

s»t Investments of the company. apprcacMr.?

$1,000,000. showing In September, conir*retlwith January 1. a market recession approxi-

mating barely 2 or 3 per cent, though, nean-

•while, In Wall Street's liquidating rani:. "ac-tive" New York Stock Exchange issues ehxiasso savagely. Nor are exhibits Ilka this excep-

tional. Ifthere be consideration of similar finan-cial corporations other than those directly vnI.-In the mercurial Influences of Wall Street.

Money market condition* Improve s^-r:eWh»t.They are not yet altogether clear; -:• th» ten-dency is the right xray. "Wfcat th« Treasury

Department Is aolne: helps more than on tfca

i«tirfac<» shows. European payment for cottoa

and other crops must also soon b©-:!:en*ial-

Still another factor. though Wall Street ha»•teamed bo far quit© unable to comprehend Its

effective consequence, appears In pher.crr.enaj

gold mining developments— in southern Nersiamore particularly, where th- Goldfleld Consoli-date.l mines make amazing progress. Theirrecord promises to surpass even the dazzlic?days on the Comstock -when John W. llackay

and his confreres had. as ifby m!rac!e. hur.Jredj

of millions handed to them. Itis la the Gold-field Consolidated enterprise that a group of

New York*3 foremost financiers recently In-vested heavily, joining United States Senator

Nixon and other practical mining leaders ofNevada; and what may be considered e'gnlS-

cant is that throughout all the recent marketnervousness (with virtually every nUn'sg

share going begging) GoMfield Consol'-latedhas held with a firmness which finds It

In September with a market value ashigh as it commanded at the start ofthe year—

reason enough for this sawaOßj

In the wondrous mining yields, dally shipments

of ore running at bonanza figures. Because ofsome labor difficulties, now approach!.-.* settle-ment. Goldfleld Consolidated dividends havobeen postponed until

—an early oiSclal -la-

nouncement will be made to assure regular &turns to Insiders and the Investors who ,ol>them. The dividend at the start will be equal,probably, to 20 per cent.

As to the market's Immediate future. There

will be disappointment in conservative predic-

tions ifImprovement be not extended. The listof bargains is long. There Is hardly a single

standard stock selling for anything like prov-able intrinsic value. Some of these examples

cannot remain— if anything like sanity abideiwith the investment public. Kansas City South-ern Is one such bargain referred to here rowfor the reason that this -week it3official state-ment shows that substantial dividends are beta*

earned upon the common stock—

approximating

8 per cent., while the shares are purchasable^under $30 a share— earnings representing 25 percent., or more upon the market quotation.

Another example is St. Louis South. Western.which, under the personal management of Ed-v.-in Gould, has been during recent years prac-tically reconstructed and developed out of earn-ings until now dividend declarations upon l apreferred stock must logically soon be >\u25a0»>coming—a prospect which explains the belief \u25a0

banking circles that Mr. Gould IfJaasH hasbeen the chief absorber of such stocks ft- un-pleasant market conditions may have forceuothers to sacrifice. a

Reference in this rex-lew a week Boi to th»

obvious bargain counter quotations for Third

Avenue Street ralljray shares has the sequel

of a sharp ad.\ince. Inm far as complicationsmay grow out of the Interborough Metropolitan

inquisition. Third Avenue occupies a «*\u25a0•£\u25a0position. The cancellation of its leas© and It*

release from Interborough control would have

the immediate result of creating actual Ur«a

Increase of value. But the property Is too val-

uable to controlling financiers to be Perml^to assume its own individuality again. Thtra

Avenue dividends seem certainly as sureany standard street railway dividend can^ce-And Third Avenue stock may any day •&<»*

Biiddenlyupward quite as fast as It was receuwrammed and jammed downward by ma°lp''^tion. whose chief aim was to get as much sre—

as could be had. the cheaper the better.*

This week may witness a turn In the late-

borough 'Metropolitan investigation. The cow-

stitutlonalitv -f the Publi^ Utilities »* "ITbe SS 1 Brh r. -irsJ'of Preparation^~£-

saausfcMgSltl Sm nent of one ot ©^^^unlversiues. v aau*a» -•*—

TTte Financial World.

Security market conditions still further ha*prove— if we may take measure by quotation

movements. Compared with prices a month ago

the chance is marked enough t > denoie sterling

betterment in Wall Street sentiment— ifeven la

sentiment only. Authorities believe they recog-nize a material strengthening la basic condi-tions.

Much preaching has been heard of advantages

to be gained through business recession, but

business recession has declined la follow theplatitudinous preachers. Even the crops haverefused to shrivel vp

—an obstinacy which this

very week precipitates the failure of a Ne-v

York Stock Exchange speculative brokerage

firm committed to market contracts based upon

confidence in an "expert" who has held premier

place among crop calamity howlers. Not only•

do 1907's harvests persist la being Mg balnrexta.but 13"7 grain prices correspondingly persist hi

-being prices that are big—while, as the authori-

tative forecast of Theodore H. Prio • has rr.ad*plain, the Southern plainer sets yields surpass-

ing past records. . -^

As in jrreat national instances (like this cf

crops: Inrailroad earnings climbing to heights

never hitherto approached— the New York Cen-tral system's current report increasing over

512.000rOOO gross: like the steel trad*, whichinsists upon doing nothing else than prosper

more and more), as in individual Instances th<»record tel!? by way of Illustration appears

Insuch proofs as are conveyed by the fact that

New York City's wholesalers and jobbers aro

this very season overrun with competing buyers

from every town and city •« country wide;

and this same testimony i* assert*** in ths

crowded state of every one of New York's high

grade hotels Take for certification the phe-

Innmen?.! record of the most lately erected ct

New York's great berase^-OMi Hotel \u25a0•*\u25a0\u25a0Iconcerning -whose mhnbi moody oracle 3 •\u25a0•<\u25a0

1 rfed at Mrrrat an enterprises Inception "In a'. city already oversupplietl." Not only a* tha

very start mm the \u25a0•*\u25a0"* fined with gt:?st3.

but Hi facilities, ruperior and extensive 33 they

are. have been taxed virtually to th» limit con-tinually—even in July ? n'!August. '\u25a0• 13 muchIncidents sillcl reflect Isaac* more truly thaa

ran any Wall Street theorizing what the busi-

ness conditions of the- country are—this newhotel catering

••precisely such guests a3 ar»

in the St. Reels and Waldorf-Astoria r!as>s.

CHARGED WITH FRAUD BY A WIDOW.Charged with getting: $1,500 from Mrs. Sarah

Kelly a widow, to invest la bonds for her andthen 'pocketing the money. Ernest 11. Spargo of

No 175 West SCtli street. "this city, was committed

in default of $2,500 ball by Judge Howell InNewarkyesterday. _

BUSINESS TROUBLES.The following petitions in bankruptcy were filed

yesterday In the United States District Court:

Involuntary petition against Max Stork, fursand trimmings. No. "J> Bleecker street. Creditorsand claims: I*. Freedman. *I,d«>; Samuel Conn.$05; David Friend. IST. Preferential payment of

?jSivo?unUiry> petition against Warm '& Messer.builder* No 80 to 66 East 93th street. Creditors,-..<•! c!aims: Henry Applebaum. $1,257: the Larln-B>..n Wrecking Company. $925. ami Guild Ferando.Urn Preferential payments alleged.

Involuntary petition against John F. Ghee, ofWest Chester Village Creditors and claim*: Herman Kuhl $325; Frank Olt, $50: Albert Kunemuth.$354- Patrick Mullin. $3.7 MV Conveyance of assets

to defendant's wife alleged.

Schedules of the United Syndicate Benyesson

Corporation, of Hew Jersey, were filed by Robert

J. McDermott, showing total liabilities of $3,117

and no asset*.Schedules of Samuel Margutias. showing liabili-

ties of $3,111 and nominal asset* of 1600, were filed

Dr. Hall, of Union Seminary, to Preach at

Five Days' Terminating Services.

The Rev. Dr. Charles Cuthbert Hal!, president of

the Union Theological Seminary; the Rev. Dr. C.I*

Goodell, pastor of the Calvary Methodist EpiscopalChurch, and others willpreach at the final rallies,

covering five successive days, which willmark the

close of the. third season of work conducted by theEvangelistic Committee of New York City. The

first of these rallies willbe held In Trinity Church.Broadway and Wall street, next Friday. September

13, at noon. The .sermon will be preached by the

Rev William Wilkinson, of Minneapolis, who has

held noon servlc-s in Wall street for three sum-mers.

On Saturday afternoon. September 14. children

from seven or eight different sections of the city

willmeet at 2:30 o'clock In the neighborhood of Ma

OUvary Methodist Episcopal Church. l»th street

and Seventh avenue, and after a parade willmarch

to the church for exercises, songs and recitations.The children will be addressed by the Rev. Dr.Guodell. the pastor, and the Rev. Dr.Louis Klopsch.

of "The Christian Herald." Last year fifteen hun-

dred children attended a similar rallyIn that church.

Sunday, the IMb, win be observed by special

services at all the Matt and a special gathering at

Fort George at 4 o'clock In the afternoon. A pro-

cession of nil the workers and those Interested In

the meetings, led by band and chorus, will march

the length of the Midway, holding services at In-

tervals. <>„ Monday evening:, the l«h. anotherrally Will be held In the Brick Preshyterlan Church.Xif.h avenue and Kth street. Dr.Hall will preach.

and the entire congregation will then march down

Fifth avenue to Mm Square, where an open air

meeting will follow.

A maw. meeting In Carnegie Hall on Tuesday

evening. September IT. will end the series. An

Parsons, of the Interborougk, MadeInspection

—Defends Rice.

William Barclay Fircone, consulting «•••\u25a0• of

the Interborough Rapid Transit Company, \u25a0»!four hours yesterday In th« New Torlc and Brook-lyn tubes at the Battery. Inspecting. th« work. It

was after 1 o'clock when Mr. P*r<«ojs rAaMed his

offle* lit No 60 "Wall street.It was reported that the rnclnf*™ in charre rf

•work on the tubes hart authorized the Rapid Tran-

sit Subway ruction Company. the contracting

concern, to Install «n Inner steel tube through each,

of the t«b*s as they r.-re originally place.l. Asked

Ifthis was true. Mr Parsons B»W:"ItIs absolutely MtTM. There Is only *\u25a0

•••tub*, and notl-.tn* eIM bM been contractpd Cor or

planned for. Th» tubes Ifound •"\u25a0• In th« b*-t

condition. II\u25a0\u25a0wl««i the -work from beginning to

end. and Iam MMMM•«» It as It stands."Mr Parsons Hid Qm erroneous report had i.i

orlcln in the fart that th* contractors came across

two sections of quicksand. Inpassing these points

tho first contractors failed to take proper precau-

tions., ana Km result was that after th« tubes had

been Installed It was found necessary to build con-

Crete piles under the tubes at the points where

quicksand had been encountered"In doln^ th!*> work.

' Mr. rw—M \u25a0\u25a0**•

th-»

tube plate* were rot affected, except in *o far a«

the engines' found it expedient to lower the tubes

to meet a tni» lln^ with the top of the concrete

riles It -will be found the roof of the tunnel be-

tween the two points indicated a* affected by

quicksand, one. near Brooklyn, tie other near New

Tork Is slightly higher than at other point*.

"It was found advisable where, the original con-tract called for concrete work to extend only to

the edses of tubes where they come together to

earn- the concrete out perhaps three or four Inches

from the joints, thereby aiuuil— additional «e-

enrtty from possible leaks."

Mr Parsons *aid this line of work was begun

itwo month* ago. after he had consulted with ChiefIEnßlceer Oeorg. H. I'egram of the Rapid Transit

Subway Construction Company. The engineer for

the Public Service Commission. George 9. Rice,

then acting for th« old Hoard of Rapid Transit

Railroad Commissioners, was aware. Mr. Parsons

Bald of tin work being don", and in no partlcu.ar

had Mr.Rice, exceeded his authority In th» matter.

-Ido not M*."said Mr. Tarsons. "why any crit!-

clem should be directed against Mr. Hire at this

time in connection with the work on the Battery

i tubes. To my mind. Mr. Rice Is entitled to com-Imendation, rather than criticism."

Mr Parsons said he did not recall the dateplanned for the opening of the tubes, but when

reminded that EL P. Dryan. president of the Inter-

borough Rapid Transit Company, had testified be-

fore 0m Pnbllo Service Commission's Investigator.

Mr Ivlns. that October or early November would

find the tubes in practical operation Mr.Parsons

agreed the work would be ready by that time. The

New York Contracting and Trucking Company had

the original contract for building the tunnel, the

work afterward being taken over by the Rapid

Transit Subway Construction Company.

TO CLOSE EVANGELISTIC WOEK.

PKAISES TUffNEI WOR X