New Britain Herald Newspaper, March 13, 1915, Page 9

e NEW BRITAIN DAILY HERALD, SATURDAY, MARCH 13, 1915. | ROMANCES OF THE -~ “QUARED CIRCLE” (Continued From Eighth Page.) never recovered, early seized McCoy in its grasp, and he left home to go to 1lndianapolis. In the Hoosier metropalis he got a job as dishwasher in a restaurant frequented by sport. ing men. McCoy got into a quarrel with another boy, and the boss” forced them to go into the ring on an upper floor and settle their dif- Zerences with the gloves. McCoy’s opponent was a much bigger boy, but in his first bout the XKid exhibited such cleverness that he easily mas- tered his apponent. Kid liked the fighting game and took it up in earnest, and in 1891 he went to St. Paul for his first public battle, with a negro named Pete Jen- kins as his opponent. He won easily in four rounds. From that time on McCoy was a confirmed wanderer, going about from city to city, usually beating his way on the railroads, fighting oc ionally and living by his wits, ‘Early in 1893 McCoy went to New Orleans, where Bob Fitzsimmons was training for his middleweight .cham- pionship battle with Jim Hall. Mec- Coy looked upon Ruby Robert as the “master of ring science, and he 'deter-~ mined to get a job in his training camp. McCoy was even then a good boxer, but he concealed that fact in seeking a job, and was engaged as a dishwasher. Fitz soon found that the dishwasher was not without talent as a boxer, and the Kid was promoted to the job of sparring partner. The Hoosier lad studied every move Bob Jnade, and, while attempting to hide his own talent, Fitz finally suspected his purpose. Then Bob waded into him in earnest, but McCoy took .all ‘he could send, and came back smil- ing for more. When McCoy finally left the camp, he had added vastly to his knowledge of boxing, and he put it into effect so well that when Fitz graduated into the heavyweight fanks McCoy was recognized as the best middleweight in the ring. A few years later McCoy.s wander- ings carried him to South Africa, where he fought and defeated Billy Doherty, the South African cham- pion at Johannesburg. The sports wha knew the Kid's record backed him heavily, and among these was Barney Barnato, the diamond king. Whose career had been as spectacu- lar ‘and romantic as that of McCoy. Barnato, a Jew, had been a circus clown'and actor before he made an Immense fortune from speculation in | the Kimberley diamond mines. Bar-| nato became a close friend of Mc- Coy, and offered to accompany the boxer to. England and back him against the best men in that coun- Try. McCoy accepted the offer, but while on the way Barnato put a tragic end to his remarkable career by jump- Ing ' overboard. YALE'S BASKET BALL TITLE, Elis’ Defeat' of Dartmouth Clinches Intercollegiate Championship. New Haven, March 13.—Yale won the intercollegiate basket ball cham- pionship last night for the first time since 1907, defeating Dartmouth, 36 to 15. Yale finished the first half in the lead, 12 to 4. *Dutch Arnbld starred in the scor- ing:for Yale with twelve points, toss- ingsix out of eleven goals from fouls. Both fives substituted freely in the last half., A son and a grandson of former presidents of the United States played for Yale in the persons of Charlie Taft and Newel Garfield. > SOCCER GAME ON TAP. New Britain' and Meriden soccer teams will clash tomorrow afternoon &t Hanover park, Meriden. The New Britain team holds the samé num- ber of points as the Manchester Glens for, the league championship and should they be victorious they will be the champions of the league. They are taking a strong and fast team and the game. will no doubt be excit- ing. The Meriden boys are in fine form and will give the New Britain boys .a tremendous run for the two toveted paints. Iver Johnson Bicycles Are the Best Come in and sce our line of bicycles, $15.98 to $50.00. ‘We carry a full ling of bicycle tires nd sundries. ¢ We are hcadquarters for bicycle re- iring. § Fisk and Miller auto tires at low- , prices, Why buy cheap tires when u can buy the best for a little re? . A, GLADDING 4 Chestnut Street new | 1arge, | There have been no further gold im- VIEN OF SMYRNA A dispatch from Ambassador Mor- genthau at Constantinople received at the state brought the information that Rear Admiral Peirse, commanding the British fleet before Smyrna, delivered department, Washington, MEOITERRANEAN, SEA Allies Serve Notice of Bombardment on e Smyrna in Order to Capture Railroad, mug‘m Mty "% .‘ ,kfla\‘" -‘%; o, ST 0 BRITISH BATTLESHIP INFLEXIBLE an ultimatum to the Turkish com- mander of the port demanding the surrender of the garrison within twenty-four hours. If the demand was not complied with, the ultimatum continued, the fleet would open =a bombardment of the city. Smyrna occuples a strategic point, as may be seen from the accompanying map. There the railroad leaves for Con- stantinople, and it is this line that the allles want to transport their troops. The sea attack through the Dardanelles and the land attack with Smyrna as a base will then proceed simultaneously. WAR REVOLUTIONIZING FINANCIAL RELATIONS 0 United States With Nations of Etrope. (Special to the Herald.) New York, March 13, 1916—The ac- tivity in investment circles is satisfac- tory evidence of financial improve- ment in undertone. There has been a much larger absorption of securitics by American investors than is general- | ly appreciated; proving that the home buying power is still very considerable, notwithstanding business reaction and declining dividends. Of both stocks and bonds there has been good.buy- ing, especlally of bonds. The supply has come from foreign selling as well as from new local offerings, all of which have been taken with surpris- ing readiness. Foreign liquidation has really been more pronounced than at any time since the re-opening of the Stock Exchange. The most striking evidence of financial improvement, however, was the prompt taking of new loans in this market. As has already been stated in these advices, New York is now the only free money market of importance in the world, and these new miovements are bound to have an important futare effect. When the war is over other nations will again' go to the large European reservoirs of capital for needs, but the effect of these new ven- tures upon Americans will be educa- tional, sinc it will widen the horizon of our bankers, investors and business men, and hasten ‘““the day' when the United States will take a more promin- ent part in international, financial and commercial affairs. Money Market Easy. The money market continues easy, mainly because of slackened commer- cial requirements the rates for time | money and commercial paper being | lower even than a year ago at this time. The surplus bank reserves are amounting to $129,000,000. ports this week, although our mer- chandise exports continue to show a heavy excess over imports. Foreign exchange is unsettled, with rates, showing a downward tendency owing to persistent reports that foreign gov- ernments intend to establish large credits on this side. There has been a decided increase in the supply of fi- nancial bills resulting from transac- tions of the Swiss; German and Ital- ian governments. The supply of com- mercial bills is somewhat uncertain owing to the violent changes in the character of our export trade. Ship- ments of food products continue on a very liberal scale, being quite suffi- clent to offset the declines in cotton, olls, lumber, etc. There has also been a very large increase in the ship- ments of steel manufactures and mun- itions of war. The continued excess of i l exports, which is being accelerated by a heavy decline in imports is rapid- ly turning the United States into a creditor nation. The debt which Sir George Paish referred to last autumn has already been paid, and Europe is getting more and more into our debt. We are steadily buying less and selling more a result of the war. Our interest payments, which used to be about $350,000,000 annual ly, will be reduced by the return of securities. The remittances by aliens to their friends in Europe, which are large in the aggregate, have been cu down materially. usually spend over $200,000,000 a year in Europe, and this outflow will be stopped this season. Our ocean freight bill, usually about $50,000,000 annually, will be smaller because we only pay the freight on imports. The war is revolutionizing our financial re- lations with Europe, and will leave us | financially independent in a higher degree than ever before. Our present loans are only war loans but they are of the greatest significance; and ere long the American banker and the American manufacturer will be doing effective team work together in the world’s market. This means also new fields for the American investor, who is becoming weary of the obstructive tactics of home politicians. Slow and Gloomy Progress. The war makes slow and gloomy ' Before very long Constant- fall into the progress. inople is expected to hands of the allies. This will be one of the most decisive events of the war, and is bound to have important consequences. It will give Russia the much-coveted access all the year into southern seas, and will promptly re- lieve the pregent congestipn of wheat and oil supplies in the Black sea. This means the strengthening of Russia fi- nancially; also cheaper wheat the world over. As for the end of the war, that does not yet appear to be in sight. A military deadlock exists on the continent which cannot be broken without terrible loss of life on one side or the other would really end the war. At the moment these con- tingencies did not appear to Be close at hand and. maybe some months will en- sue before they can be actually reached, unless returning reason and outside pressure should bring the struggle to a pausc earlier than now seems likely. The business situation continues un- satisfactory. The volume of trade is still running below normal. Econo- my is the rule in every direction and consumption is checked. Money is be- ing saved, while enterprise and initia- tive are restrained by fear. Our rail- roads are doing less busincss than a year ago, as demonstrated by the in- crease in idle cars. The steel industry is somewhat more active, but produc- tion is not gaining as rapidly as de- sired, although the export outlet shows gratifying gains. In the textile field there is reason to maintain moderately bution is gradually widening and mill owners are less perplexed by raw ma- terial and labor probems than a year ago. In spite of these drawbacks, there is reason to maintain moderatey hopeful views. Spring is at hand, and with it comes starting of construction work and general sectional activity. Collectively our business situation Is exceptionally sound. ly a season of hopefulness and were it not for the war, a decided recovery would probably set in. In view, how- ~ instead | American tourists | Spring is usual- | ! ever, of the present uncertainty as to ending of the struggle, the disposition is to maintain a conservative policy in all business transactions. HENRY CLEWS. TTALY NOW PREPARED ~ FOR ANY EVENTUALITY Seeion of Pubic Urgag Governmeat |10 Join Wilh Alies. Rome, Via. Paris, March 13, 4:30 a. m-—The Italian government con- tinues to maintain silence regarding negotiations reported to be underway with Austria concerning territorial ccncessions. Nothing has peen added to the semi-official announcement that Italy has instituted no negotiations but simply has listened to proposals emanating from Germany through that country’s ambassador, Prince Von | Buelow. There are persistent reports in Rome that Austria has refused abso- lutely to even discuss the possible cession of Triest and woutd concede only a small part of the Province of Trent. Prepared for Eventualities. The assertion is made I military circles that Ifaly now is prepared for any eventuality. It is apparent to close observers that the situation for Italy Is daily becom- ing more complicated. The argu- ment is being made with persistence that she must soon reach a definite decision as to what course she will follow. The case of Greece is being referred to, her assistance, even if oftered, might not now be accepted by the allies, and the same thing might happen in the case of Italy, some Italian observers believe, if she proposed to join the allles when her help was no longer necessary. Favor Joining Allies. Consequently a certain section of the public is today urging the govern- ment to throw in its lot with the allies while ther eis yet tme and | cpportunity.™ Admitting that Austria-Hungary could be induced to glve up her provinces inhabited by itatians, as for instance Trent and Triest, which is considered most unlikely, this would still not be enough for Italy, accord- ing to the arguments of those who wculd like to see their country fight on the side of France, Russia and Great Britain. The possible forcing of the Darda- nelles by the naval forces of the allies is regarded here as a prelude to the partition of Turkey. It Is im- perative that Italy have a volce in any i such political division in order to claim her share, but thig she could not expect to do if she entered any agreement with the Teuronic allies cencerning Trent and Triest, No Announcement Made. No officlal or even gemi-officlal an- nouncement has yet peen made con- cerning the intentiong of the Italian | £ Lestton HARTFORD. Monday Specials Spring Skirts of Serge, Covert and Gray Cashi- mere, regular $3.95 and $4.95 values. Monday only $2.95. 25 Heavy Coats of ‘all kinds, three-quarter and full length. Monday only at $5.00 each. 16 Heavy Suits Long and Short Coats. Monday only at $5.00 each. None charged or ex- changed. : H. O. P. CLOTHES government in this regard. The nearest approach to any definite indi- cation of how this question is con- sidered by those who have the direc- tion of the affairs of state in their hands is found in the following para- graph in the Glornale D'Italia: “Italy can at no cost allow her position as a world power to be lessened at the conclusion of peace. She cannot permit her national as- pirations to be turned aside, her in- terests to suffer. This is the will of the people, and it must be the pro- RICHT] Represruted by K. W. KDDY, NORTH STANLEY" Bought, Sold § C 409-410 NATIONAL B "Phone NEW BRITAI DIRECT PRIVATE WIRE 1621. TRADING ON MARKET EXCEEDINGLY DULL Undertons Refiests Uncertain Ten- dency--initial Prices Lower New York, March 13.—Trading was exceedingly dull and narrow through- out the day's brief market session, the undertone reflecting an uncertain ten- | dency. Attendance of brokers was far below the average and commission | houses reported an increasing lack of outside interest. Initial prices wero mestly lower, the automobile shares | adding to yesterday's losses, with heaviness {n other specialties. Bonds shaded with free offerings of Balti- more and Ohlo convertible fours and St. Paul convertible fives. The clos- ing was irregular, Wall Street, 10:30 actionary tendencies were again uppermost in today's early stock | market, the list a8 a whole falling un- | der yesterday's close. Motor shares | were especially weak, adding material- | ly to their declines of the previous session. United States Steel, Canadian a. m.—Re- gram of the government. No un- justifiable weakness can allowed.” MUSEUM PLANNED BY COMMERCE CHAMBER Many Civ.c ‘mprovements Arc Now Under Way. The directors of the Civic bureau of the Chamber of Commerce last night authorized the organization of a Thistarical society and the estab- lishment of a museum in New Brit- ain. A committee will be appointed shortly to make plans, The step was taken as the result of a resolution passed by the directors of the cham- ber in favor of the plan. Similar actian on the part of the chamber directors and approval of the clvic bureau will lead to the estab- lishment of a series of prizes for the.l best essays by seventh and eighth grade and High school pupils on his- torical subjects pertaining to the city based on original . research by the competitors, The directors alsa charge of the Christmas tree cele- bration in the city hereafter, rellev- ing Mrs. J. A. Traut, the organizer of the movement, from the respon- sibility of this civic affair. A com- mittee to be appointed by the presi- dent af the bureau, S. H. Holmes, will be in charge. A committee also was appointed to arrange for a membership meeting | of the civic bureau some time next | week. The members of the com- mitee are E. W. Pelton, J. 8. Ben- nett and A. H. Andrews. Charles Mueller was elected a mem- ber of the civic bureau to fill the vacancy caused by the murder of Rev. Joseph Zebris. ! The committee on charities and | philanthropies reported to the direc- | tors last night on the Cleveland plan | of federation. It is planned to have a federation of thirty persons, ten to represent the Chamber of Commerce, ten to represent the charitable organ- voted to take Pacific and other actlve 1ssues yielded | fractions, Southern Rallway preferred also made a further decline with a one-point loss in the five per cent bonds. Trading was of the usual week-end character, with light deal- ings. New York Stock Exchange quota- tions furnished by Richter & Co., members of the New York Stock Ex- change. Represented by E. W. Eddy, National Bank building: March 13. Low Close 30% 39% b3% G4y 27 27 4% 96 63% 63% 120% 1203 26 26 95% 95% 66% 661 543% b43 169 169 % 41y 41y | 36% 6 11% 8% 22% 367% 12% 9% 134% 6614 10% 12 511 102% 1065 % 27% 17 1433 533 141 45y High Beet Sugar .. 40 Am Copper . 54% Am Can . 27% Am Can pfd 95 Am Smelting 63% Am Tel & Tel ...120% Anaconda Copper. 26 A T S Fe Ry Co 95 % B & O 66 % Beth Steel . 54% Canadian Pac 169 % Ches & Ohlo ..... 41% Chino Copper .... Chi Mil1 & St. Paul Corn Products Co. Distillers Sec Erie Erie 1st pfd Interborough Interboro pfd Lehigh Val Mex Pet .... Missouri Pac Nev Cons . NYNH&H . Northern Pac L102% Penn R R . L105% Pressed Steel Car. Ray Cons Reading ..... Southern Pac Southern Ry .. Southern Ry pfd Tenn Copper Union Pac Utah Copper Steel Steel pfd Western Union .. Am 86 11% 8% 2214 365 12% 59% 134% 66% 10% 12 51% 36 % 12% 59 134 % 65 % 10% 12 51% 102% 106 27% 17 143% 834 14% 4% 27 119% 61% 44% Lo 1045 1048 64 64 120 62% 44 % 1045 64 izations in the city, and ten givers of charity. The civic bureau direc- tors will recommend to the directors of the chamber at a meeting next | Tuesday that the representatives of | the Chamber of Commerce be ap- | pointed at once and that these men complete the organization of the fed- eration. FINANCIAL BRITISH | BAYA 200 Lives Sk by @ London, X The admiralty the auxiliary ci vessel was n In its statem admiralty says: “On the el age of the B discovered and | her having torpedo. Twenty-Six “'Bight were rescued, | the remainder ““The captain Castlereagh day morning, age and dead belts. He possible survi by the appeal marine which minutes.’ 200 The Belfast e “Daily Telegrap! was torpedoed 9 o'clock off O townshire, Scotl 200 lives were lo almost immedia; a crew of about Wigtownshire most county in the north chann the Irish Sea fro Rescued The eighteen ano were rescued er Balemrina. raft. Another st of the Bayano's adrift and also t survivors were la The Bayano W new steamer. She gow in 1913 and and Fyffes before by the British go out as an auxilk Bayano was of 3 ment and 416 feet 4 word fa fied col your Wwaats thousands of If you have sell, ff you help, if you ter situation, to hire or let the classified place you fn the right pec Executor or Administrator. CAPITAL $750,000. M. H, WHAPLES, Pres't, Connecticut Trust and Safe Deposi A STRONG, RELIABLE CORPORATIG organized and qualified through years of ! trustworthy service, to act as Conservator, SURPLUS Coonecticut Trust and Safe Deposit e