New Britain Herald Newspaper, May 22, 1915, Page 11

Allows fimintmst Due (h; Bagk. 23 Vashington, May 22.—At the con- on of five days of argument, Jus- McCoy of the district supreme rt¥took under advisement yester- 3 the motion of the government al dismiss the suit brought by the j§s National bank to enjoin Secre- gy McAdoo, Comptroller of the Cur- Williams and Treasurer Burke, alleged unlawful persecution of bank, elief sought by the plaintiff pend- lk ation was denied by the court, as to the payment into the uury of* $5,000 interest on bonds the bank and withheld to cover balties imposed by the comptroller failure to furnish certain reports. emporary restraining order against e payment of this money into the Jasury was granted at the outset he proceedings, and the court later i Pass upon the question of con- ing it. Decision Before July 1. . Justice McCoy indicated that he ould occupy some time considering fle case, but would endeavor to dis- Ose of it before July 1. In denying ‘;. prayer for an injunction pending figation he said that’ without con- lering what evidence might here-- Pler.pe presented, there was nothing k the record before him now which owed the government officials had cised arbitrary power or power trumy in regard to the refusal lect the Riggs bank as a reserve ey. t seems to me on the record as it ands ‘that the government officials julgy be remiss in their duty in se- ng it as an agent for new appli- bt banks,” said the justice. *The nce here is of persistent ‘viola- of the law and those vielations ot begin when Mr. Williams came o office;, and they have continued this day.” ‘ot Good Policy. As a judge in passing on banking estions, Justice McCoy added, it ght not be out of place for him to that the policy of not having de- sits in stock exchange banks as Impared with commercial a good one, and that congress d adopted the same view as ex- essed in the federal reserve act. e court also considered on the ord as now made up the charge t Secretary }chduo showed mal- n.@n interview in his office with’ jggs bank officials. The justice said appeared to him that the malice S rather ‘“‘on the other side.” % R ite s 1 ’ BURY HATTERS CASE. ihdmer Suys. Organized Labor Men l Help to Pay $300,000 Judgment. | o York, May 22.—The United | ers of North America in conven- e had before them today for 8 ation a report by "a special ittee appointed to find a way to hatters of Danbury, Conn., whose homes Loewe & company | that city have threatened to fore- e a mortgage in order to satisfy 300,000 judgment.: The conVention écted to devote the day to a solu- p of this problem. pol. Sontheimer, second vice-presi- of the Connecticut State Federa- of Labor, promised the delegates the hatters can feel assured of i cooperation, assistance and sup- Jt, moral and financial, of the “Real | ine organized labor men of this ptrund “USED MAILS TO DEFRAUD. ake Man Arrested in New York Wilmington, Delaware Authorities. York, May 22—Raymond Mc- , son of A. W. McCune of Salt e City, was arrested here today at reguest of Wilmington, Del., au- ties and charged with using the to defraud in connection with Peruvian Gold Mine company, pse offices are in Wilmington. It stated that $200,000 in stock sub- tions have been paid into the banks | ALL CHICKS by feeding for the first three weeks PRATTS Baby Chick Food 1 carries them sataly through the danger prevents disease, mnre- umck arowin and ‘ear !old Money Back Guarastes b7 Dealers Everywhere company's offices as a result of a cam- paign with circulars. 0 Recently McCune reported that burglars had robbed his home here of $80,000 worth of jewelry. TURNS DOWN SHRAPNEL ORDER. Battle Oreek Firm Refuses to Make Shells foi Belligerent Nation. Battle Creek, Mich., May 22.—C. E. Kolb, president of a local manufac- turing. concern, has refused an order from a European government for shrapne] shells. The order, if agcept- ed, would have amounted to ‘about $3,000 a day for an indefinite period. “I could not sleep easy With the thought that the product of our plant was murdering boys in Europe,” said Mr. Kolb in announcing his‘action, “If the United States wanted the shrapnel we would make them.” L. F. & C. Mutual Aid dance. Hanna's Armory, Tuesday eve.—advt. BATTING SLUMP, | New Britain High School Stick Work Falls Off. The New Britain High school bat- ters slumped considerably when they struck ‘good pitehing in the New Haven and Hartford games and the batting averages went down corres- pondingly. The boys, however, ex= pect to recover their lost points by fattening their averages on the Nau- gatuck hurler at Walnut Hill park this afternoon. Dudjack still leads but he dropped many points and Comnley is second, eleven points behind. i AB 29 23 24 25 23 28 23 22 18 H Ave. 14 .490 11 479 8 .333 320 .304 ¢ Dudjack Conley Schade Walther Cabellus Kiniry Johnson Horton Martin .. ~l~l\\~l~l—l~|m~|Q POSTPONED GAMES. Pates for'the playing off of all post- poned. games- in the National league except yesterday’s have been filed with the head office. There is a large num- j ber of these now, but at the end of April it looked as if the spring season would be much better than usual in infrequency of breaks in the schedule. They are as follows: In New York—June 28, Boston: June 29, Boston; July 14, Chicago. In Brooklyn—July 23, New York; July 27, Boston; June 2, Philadelphia; Angust 2, Cincinnati. | In Boston—May 28, Philadelphia; July 8, St. Louis; July 13, Pittsburz. In Philadelphia—July 7, New York; July 12, Pittsburg. In Pittsburg—May 29, September 8, Cincinnati. In Cincinnati—June' 27 St. Louls; 27, Chicago. { In Chicago—July 3, Pittsburg; July 6, Cincinnati; September 27, Cinein- rati; September 30, Cincinnati. In St. Louis—None. INTERCOLLEGIATE MEET. Cambridge, Mass., night's rain made a heavy track for the. finals of the New England Inter- collegiate athletic meet at Technology field today and there were indications of further showers during the day. As Dartmouth was conceded the championship, chief interest was in the contest for second place, which appeared to lie between Bowdoin, University of Maine, Bates Massachusetts Institute of ogY. Technol- | way {the contest yesterday, la circuit of the two and COMISKEY NOT One Ball Team Enough Times, He Said. Chicago, May 22.—“One baseball club is enough for me in these times,” said President Comiskey of the White MARKET. in These the story that he was backing Jimmy Callahan in the: purchase of the Kan- sas City Blues, “I am not backing Callahan or atnv- body else in the purchase of the Kan- san City American association fran chise and I am not buying. it my- self. I haven't seén George Teheau in two months and hadn’t the slight- est idea that his ball club was for sale. “As ta Harr\' Lord’s so called jump- ing to the Buffalo Federal leagu. team. He did not jump to ary t>om. He is a free agent, or was until ve terday, and free to sign with any base- ball club he pleased.” STEVE REGAN SUSPENDED, Cornell Pitcher, Disciplined, Says He Goes With Detroit. Ithaca, May 22.—For a-breach of training rules Steve Regan, star pitcher of the Cornell varsity baseball team, has been suspended by Al Sharpe and will not be seen in a Red and White uniform for the re- mainder of his college career, which terminates in graduation this June. Sharpe also learned that Regan had signed a contract to pitch for the De- troit American league team. i several weeks Regan's work has been cagerly watched by big league scouts | and last week a proposition was sub- mitted by the Jennings represonta- tive which Steve will take, he has an- nounced. - DIVORCES F. GALLATIN, JR. ‘Wife Accuses Polo of In- fidelity. Bridgeport, May 22.—Frederic Gal- latin, Jr., polo player, wealthy club- {man and member of one of New York's most exclusive families, was divorced by Emily Trowbridge Gal- latin yesterday -afternoon when Judge W. H. Williams of the civil superior court granted a decree. Mrs. Gallatin alleged infidelity and had a number of private detectives from a New York agency to prove her charge. Mrs. Gallatin, who i§ young and at- !trnclive, wore a blue suit, a large black hat, tan shoes with white spats. | She testified that her country home |18 in Noroton. Player FAST TIME IN AUTO TRIALS. | De Palma Qualifies for 500-Mile Race Over Speedway. | Indianapalis,” Nay 22.—Ralph de | Palma, favorite {p the 500-mile auto- | mobile race to be held at the Speed- here on May 29, qualified for when he made one-half mile course in 1:31.7, or at an aver- age speed of 98.2 miles an hour! De Palma was the first man to start in the elimination trials, in which a speed of eighty miles an »our is required to qualify for the -ace. His time was only two seconds un- der the record for the course, made last year by Georges Boillot. Others who qualified were Barney Oldfleld, Tom Orr and Eddie Ricken. bacher. GOOTL) DAY FOR GREFEN. Boston, May 22.—Thé preliminaries in twelve of the fourteen events com- posing the championship program for the New England Intercollegiate Ath- tetic association were run off on the Massachusetts Institute of Technology ficld yesterday. Dartmouth, as was cxpected, was the big team to qualify, | no léss than twenty-four of the Hanover athletes getting into the finals and at least one man scoring in each event. Four men from Dart- mouth qualified in the quarter mile Tun and the shot put, three in the furlong and broad jump and two in the century and pole vault, with one man in each of the six remaining events. The mile and two mile runs will not be contested until the finals today. LORD TO JOIN TT-!E FEDS, Portland, Me., Ml\‘ 22,—Harry Lord, former captain of the Chicago ‘White Sox, has left here to join the Buffalo team of the Federal league. He and | will report today ta sign the con- | tract, the terms of which, it is un. derstood here, have been agreed on. Sox when his attention was called to | OUR HOME BUSINESS War Between U. $. and Germeny Is Unthinkabie, Says Clews. (Special to the Hérald.) New York, May 22, 1915.—Were it not for the® ravages of the European | war, the United States would certain- ly be experiencing decided business improvement. Home conditions are | unquestionably more satisfactory thaun they have been for many months. Our banking situation is sound, and the operations of the new federal reserve system are- proving a potent factor in rebuijlding confidence. Moncey is Coach | For | | urally |easy, and those in good credit have |no difficulty in securing all reason- {able accommodation. = Bank clear- |ings prove increased activity beyond |a doubt. 1n the second week of May | the increase at leading cities was over 12 per cent. In the first week of | May the returns at all citics showed an increase of nearly 33 per cent. No more conclusive evidence of legiti- mate impravement could be offered than these figures. Industry is im- proving, and while our mills are not running on full time, except when occupied with war contracts, their out- { put is steadily expanding. Steel mills are daily adding to their product. which is now estimated at nearly 80 per cent. of capacity. Our railroads are placing orders for | rather more freely, j orders for shrapnel, wire, etc., are keeping a number of plants running day and night. Our cotton and woolén mills are also bet- ter accupied, although there is still much room for improvement. Fall River cotton mills are renewing divi- {dends after a considerable period of | suspension, and some of the New Bed- ford mills are exceptionaly Building aperations, though not up to the average, are increasing. Rail- but is unsatisfactory on others. ter returns are in prospect, figures show occasional gains. Gross earnings on 48 roads in March indi- cate a decrease of 8 per cent. Net results, however, are expected to show a slight increase owing to the econ- omies which the roads have been abie to enforce. Our crop outlook is nat. indefinite at this time, since planting is still incomplete. A acreage is anticipated for all import- ant crops, except cotton: good prices seem probable, and the agricultural districts of the west are still reflect- ing the beneficent effects aof last vear's rich harvest. Wheat is promising | fairly well in spite of damage reports, which are probably exaggerated. This brief review of important factors shows that our home business sit- uation is generaly .sound .and .prom- | ising. One Preventive Influence. Bet- and net ing more positive recuperation, that is less confidence in an ending of the war. the Lusitania incident is still ter_of suppressed concern. every reason ta hope for a friendly understanding with Germany; but this problem is still unsettled, and is like- 1y to be a source of uncertainty until adjustment is finally reached. War with Germany is unthinkable. Neither country can seriously injure the other, ‘and every effort should be made to prevent such a catastrophe. course, if war did come, it woula temporarily unsettle finances and trade on this side of the Atlantic. Our early a ma There foreign commerce would be still more disturbed than it now is, since ex- ports to Germany would cease entire. Jy. . At present we are shipping large | quantities of merchandise to Germany- | via Holland, Denmark, Norway andj Sweden. This trade would, of courss, be stopped in event of hostilities. The to the ef-| financial *liquidation, and fects of mew taxation and the ,movernment loans. All indications, | however, point toward a peaceful set- { tlement. For many reasons the United States desires to preserve har-| monious relations with Germany chief of these being our policy of aveiding foreign alliances, and the possibility a peace intermediary. Liquidation on Market Severe. The stock market has reflected the SITUATION PROMISING| equipment ; and big foreign | ordnance, barbed | busy. | road traffic is growing on some roads, ! large | There is only one influence prevent- ard | The outcome of | of | large | of our being of valuable service as: as HritAeonum 8%, o HARTFORD SUITS FOR STOUT WOMEN A SPECIALTY 'Special Prices on! 'Ladies’and Misses’| Dresses This Season A “satisfied customer” is a Store's Greatest Delight—We have them. i This is the result in the first place, of our extremely careful methods of buying our stocks, and in the second place, our extremely reasonable prices on this stock which our careful buy- | ing has proven the best. We furthermore require each sales- man and saleslady to completely look after the requirements of each indi-| vidual customer that there be no o-sihmty of Lomplamt or dissatis- " H.O.P. impairment of confidence referred to above. Liquidation has been quite |severe in the speculative stocks; and, as buying has frequently been utl g00d character, the technical position | of the market has prabably been mu- terially strengthened. The slow | {progress of the war and the disap-| Ipointment which that means has been ' an important factor of depression in: this market. Opinions as to the fu-j ture are extremely hazardous. This market is still dominated by the bit- iter struggle in which nearly all of IthP civilized powers of the world are jnow involved, except ourselves, Un. der such conditions, it is impossible to indulge in enthusiastic or perma- nent optimism. War means destruc- tian and not prosperity, except to the { fortunate few. The great strength ,of this country, financially and in- dustrially, lies in its complete isola- { tion from the struggle, and the more , completely ‘that isolation is main- tained the better for all concerned. Now that Italy has decided to enter the war, the end should be hastened, i and this would be a bullish influence. There is mo lack of good investments to be. had in the market at attractive | prices. Speculative operations, how- | ever, will have to be conducted with caution, and a clase watch maintained upon daily events. Sharp fluctua- 1linns and suden activity are inevit- able aceompaniments of the war. Al favorable outcome in our negotiations with Germany would cause a sharp | recovery, while the reverse would nat. urally depress prices. | DRASTIC BRITISH AUTION. London, May 2:34 p. m.—The London county council took a drastic '-‘!(c‘p today to deal with the strike on the municipal tramway system, It or- | derea all employes of military age who are eligible for service in the ]:lrm_\- or navy to surrender forthwith their uniforms and badges. Only men above military age will be em- ployed during the remainder of the | war. [BULLISH ENTHUSIASM | Nearly Entire Lst Makes Sub- RICHTER & MEMBKRS NEW YURK STOCK Represented by K. W. KDDY. 50 STANLEY WORKS, 50 NEW BRITAIN MACHINE, 50 LANDERS FRARY & CLARK 50 UNION MFG. CO, 50 TRAUT & HINE, 50 NEW DEPARTURE CO, XNew Britain Nat. 25 COLTS ARMS, 25 STANLEY RULE & 25 25 50 25 EAGLE LOCK, NATIONAL SPRING NORTH & JUDD. HARTFORD GAS, HUNT, ELLIS & “é.‘“ Members CONSOLIDATED STOCK EXCHANGE of New York, STOCKS, BONDS, GRAIN AND COTTON bought for cash or carried on moderate margin, Execution of orders unsurpassed. Excellent market in Boston Coppers. HARTFORD OFFICE 847 Main Strect "Phone Chm: OLIVER H. THRALL, HARTFORD. - FINANCIAL NEWS ON STOCK EXCHANCE B B stantial Advagees. New York, May' 22.—The stock market gave an exhibition of strength | at the outset of today’s short session, shares of the various companies now engaged in filling war contracts lead- ing the rise with two to three point gains, which were subsequently in- creased, notably by Bethlehem Steel and Crucible Steel. The advance em- braced numerous obscure industrial | specialties,. The greater part of the trading occurred in the first half hour, after which dealings fell away ap- preciably, with some recessions from best prices. The closing was strong. Bonds were steady. Wall 8t,, 10:30 a, m.—Indications of a renewal of bullish enthusiasm were manifested in today's carly stoc market, the entire list, except a few unimportant issues, making substan- tial advances. ' War shares were prominent, ‘Bethelehem Steel scoring initial gain of three points in re- sponse to over night réports that the company had been awarded addition- al large contracts. Crucible Steel, Lackawanna Steel, Westinghouse and affiliated stocks rose 1 1-2 to 2 1.2 points, these gains in many instances being soon increased. Investment is- sues like Union Pacific and Reading were in demand at gains of a point or more. 3,000 shares at a maximum a point, and copper shared move to a like extent. New York Stock Exchange quola- tions furnished by Richter & Co., members of the New York Stock Ex- change. Represented by E. W' National Bank building: N i v v W W | i | United States Steel began with | gain of | Lieutenant ¥, in the | May 45 6614 36 Am Beet Sugar Am Copper Alaska Gold 416 67 % 36% Connecticut Trust and Am Am Am Am Am Am Anaconda Copper. A T8 Fe Ry Co ..100 Beth Steel Can Rac ......40 Central Leather { Ches & Ohip Chino Copper [ Chi Ml & St Paul 90% Cons Gas .... Distillers Sec Erie Erie Gen Elec Great Nor pfd’ Interborough . Interboro pfd Lehigh Val Mex Pet Nat Lead . Nev Cons . . Northern Pac Penrn R R People's Gas Pressed Steel Car. | Ray | Reading Rep 1 & 8 n'd Southern Pac Southern Ry Southern Ry | Tenn Copper Union Pac . | Utah Copper C'& F Co o T Locomotive Smelting Bugar Tel & Tel 53% 365 483 67% ..107 119 32% B 34 47 107 & O 3% R T . cosjasio N .. 148 L1604 374 “"r 14 124 16% 26% .41 L153% L1178 21 . TO% L1429 70 % 619 15 YNH&H... 6 YO&W ..o28% 105 107 113 47 238 144 56 884 16 % 51 B35 % L1268 N 638 55% . 97% 67 1st pfa 107 113 % 23% 144 86 58 Cons prd. 8 Rubber 8 Steel estinghouse estern Unfon I 3 1§% Captain H, L. Ladbury u!i‘ W. Pinches Cedication of the new state | Bpringfield, Mass., last night, £49% | Clubs and Private P Accommoddcd. 172-174 ARCH Sm Safc DcpositCo. A STRONG, RELIABLE CORPORATION organized and qualified through ‘years of efficient, trustworthy service, to act as Conservator, Guardian Executor or Administrator. CAPITAL $750,000. SURPLUS $750,000 Connecticut Trust and Safe Deposit Co. M. H., WHAPLES, Pres't. HARTFORD, CONN. 'LAND IS THE MOST NATURALFORM OF IN VESTMENT " us well as the oldest and safest. Every one in New Britain knows that the factories can manufacture anything in the Hardware line and if more is needed ’t can be made, BUT Do You Reahze That You Can’t Manufacture LAND? When what is here is gone na more can be had. It does not grow except in value. ' OPPORTUNITY KNOCKS BUT ONCE~DON'T OVERLOCK YOUR CHANCE BUY IT NOW In justice to your own interests before you ihvest look over the beautiful PARK RESERVE and satisfy yourself that FACTS are FACTS. The Scheols and costs no more than less desirable sections. PARK Water, Concrete Sidewalks and good S property has all the city conveniences such as Gas, Salesmen are on the property every afternoon and all day Sunday or our automobile is at your service. Take NorthEnd car to Francis street. LAND COMPANY, 504 Natl. Bank Bid