New Britain Herald Newspaper, July 10, 1915, Page 11

ndrick Ro[usos{Stoto’s Petition —Gase Goes Over to Monday New York, July 10.—A: charge by hn B. Stanchfield, chief counsel for rry K. Thaw, that the state had in Justice Hendrick’'s court an expert “jip-regder” who was translating for benefit of alienists whispered con- tion the slayer of ' Stanford hite had with his attorneys and mbers of his family, precipitated a uest yesterday by Deputy States torney General A. L. Becker that a trial be declared. Justice Hen- ick refusad to grant the petition but tructed the jury that remarks By nsel Were not to be considered. _Thaw himself was on the = witness nd at the time of the occurrence. was excused without cross-exami- uon immediately after it. During e day he told his own story of how nhot ang killed Stanford White and gave his ideas about alienists who ve testified far the state at pre- ceedings.' -Syre of Himself. Thaw's examination was ‘conducted Deputy Attorney General Frank K. K., Mr. Cook passed rapidly from e subject to another, allowing Thaw give full explanations when he de- ed. With but one or twu exceptions law answered evéry question put to jm directly and with emphasis. pectators remarked thac he seemed § be sure of himself, Three residernts of Sherbrooke, John i Cayanaugh, a lawyer, Lueia Bour- , a life insurance agent, and Eugene chambault, a waiter, followed Thaw the stand. They said Thaw did not jpear to be rational. Reads Evelyn’s Testimony. #Justice Hendrick having announced he had been informed by coun- for the state that Hvelyn Nesbit haw was too ill to appear in court, ir. Becker read to the jury her tes- eny at a habeas corpus proceed- in White Plains. The reading - still in progress when an adjourn- ent was taken until Monday, RIED TREASURE mrmn AT BEDFORD 000 of the $90,000 on Rich Stock- Murdeéred in Iowa in 1868, % Recovered. d"aN la., July 10.—With four n under arrest for alleged compli- in the murder of a wealthy stock- i and his son at Siam,; Ia., in Sep- mber, 1888, and arrangements made tgo Emeg on - ot the state’s chief of « Attorney: General Cosson’s . ofice last night said t Qy ‘Were pre “Paylor county’s double murdér and triéd treasure. This, they said; would come Tues- day, when the preliminary hearing of the . defendants, Bates Huptsman, Samuel Scrivenor and Henry and John: Damewood - will be, called in a local ‘The. ,‘viofim of the murder is sup- 1.08¢d to have been Nathaniel Smith, acgording to W. W. Bulman, an at- toraey.. “Smith an.me to Siam from St. Jo-. peeph, Mo., we learn,” said Mr. Bul- man, “at the time he was engaged .to girl who later married, . This girl's gon, is pow. in Bedford. We have nd $43,000 of the $90,000 Smith is tsupposed to have had when he was led.” b * B ., FOWLER MAKES CHARGE. 5. Has Been Involved’ in Grave " Breaches of Neutrality. Wa.lhins;on July 10—Former Rep- reli#l\tafive Fowler, of Illinois, coun- for an organization called Labor’s h;{ibn:l Peace council, last night thé’!tdoru reserve board a com- Wit ‘charging that the United States involyed in grave breaches . of itrality ‘“‘through the medium of ' an extensive conspiracy composed of | certain” bankers and officers and di- | - rectors of federal reserve banks and meémber banks embraced in the fed- al relerve system acting in conjunc- tion with officers and agents of Great " Britain, ¥fance and Russia.” | 3. P. Morgan & Company and that firm’s business allies are named as " ehiefly responsible for theé alléged “‘conspiracy” ‘through which it is as- b serted that $220,000,000 has been ob- ed from federal reserve banks or ‘member banks for use in connection ‘with the purchase and shipment from | ithin the United States of war ma- erials for European belligerents. ir face these transactions are de- clared to have made it appear that money was obtained ; for purely jommercil purposes. It . i arged and/it is the intention of the ‘‘eonspirators”s to similarly obtain ore than 3300 000,000 additional for e use of ma‘Alllee e fivlsm ‘BUYS BRUCE. Steamer to Be Used in thé White Sea. 8t. Johns, N..F., July 10.—The pur- by the Russian government of ice-breaking steamer Bruce from Newfoundland company was It" is "understood used in the. White: sea fall and winter in an ef- htms ‘were gervice in oundland | ‘ed for the next phase |/ On | further | trality and to avoid contravention of The Hague convention forbidding the establishment of belligerent wireless stations on neutral soil during a war, the United States government has re- fused to grant a license to the Atlantic Communication company for the oper- ‘ation of the great German wireless tates Navy Wireless In the interest of American neu< station at'Sayville, N."Y., and will take over at once the operation, manage- ment and control of that station. The navy department notified Congress- man Herman A. Metz, president of the company, of the ‘decision of the gov- ernment to take over the plant, and Captain William H. G. Bullard, super- intendent of the United States naval station at Arlington, Va., assumed TOURISTS ROBBED | BY THREE BANDITS Party of Thirty-five Held -Up in Yel- Park—Individual Losses Small. Salt Lake City, Utah, July ‘10.— United States cavalry and scouts to- day were searching the western side of Yellowstone National park . for three highwaymen who yesterday held up and' robbed a party of thirty-five tourists, mostly teachers from -New York City, who were making the trip into the park in five stage coaches. Al reports. received here stated that individual losses were small, many of the tourist saving '‘their money by dropping it on the bottom of the coaches. The robbery oeccurred about one and a half miles above the junction of the’ Gibbon and Firehole rivers. United ‘States Senator J. H. Brady of Idaho; F. J. Haynes, president of one of ‘the transportation concerns, and Barney Baruch of New York were in a‘coach immediately behind tHe stage held up. ‘When they became aware of' what was happening they turned back to a road and notified the park offi- cials. It is believed the bandits are mak- ing their way towards ‘the Jackson Hole country, a favorite retreat of criminals, south of the park. low" Stone UNFILLED TONNAGE. New: York, July 10.—The unfilled tonnage of the United States Steel | corporation on June 30, totalled 4,678,- 196 tons, an increase of 418,598 over | May. i BURMAN WINS 100-MILE RACE. Burlington, Towa, July , 10.—Bobh Burman won a hundred-mile automo- bile race on a half-mile track here | yestérday. Time—2;06:47. e ——————————————————————— At a Court of Probate holden in New Britain, within'and for the Dis- | trict of Berlin, in the County of| Hartford and State of Connecticut, | on the 9th day of July, A. D, 1915. | _ Present Bernard F, | Kstate of Thomas F. Murray, late of New Britain, in said district deceased, Upon the petition of Mary S. Mur- ray and Johanna M. Murray, Berlin, | praying that as adminstrators on the | authorized and empowered to sell and convey certain real estate, si uated in Newington, Conn., as per ap- plieation on file more fully appears, it ‘is 2 Ordered—that said application be heard and determined at the Probate | Office in New Britain, in said distriet, on the 14th day of July, A. D., 1915, at 9 o’clock in the forenoon, and that i notice to' be given of the pendency of | said application and the time and place of hearing thereon, by publish- ing thig order'in some newspaper pub- lished in said New Britain, having a | circulation in said District, and by | posting a copy thereof on the public signpost. in the town of New Britain, in said District, and return make, BERNARD F. GAFFNEY, Judge. Gaffney, Judge. | | estate ‘of said deceased they may be GRAVE DIGGERS STRIKE. Hoboken, N. J., July 10.—A strike of grave diggers at the Hoboken cem- etery has resuited im the postponement of thirty funerais. The grave diggers’ troubles were due to inability to get their weekly wages because of an in- Junction suit arising out of the city's recent adoption of commission gov- ernment, number, have refused to go back work until their wages are Meantime the bodies awaiting to paid. ing vaults. CROCKER’'S TEAM WINS. Complete plans were formulated for the coming. carpet bowling games between Clan Douglass, O. S. C.,.and Lexington lodge, 'I. O, 'O. F., to be held July 29 at a meeting . between representatives of ea¢h organization last evening. A smoker will follow the game. Three captains have been chosen Dby, Lexington lodge, W. W. Bullen, Orrin F. Curtis and R. B! Crocker. - In practice games held at the close of the meeting Captain Crocker’s team defeated Captain Bul- len’s team, 8 to 5, and Captain Cur- tis’ team, 6 to 4. NO INTERVENTION IN MEXICO. Believed Wilson Will Continue Pres- ent Policy. Washmgton, July 10.—Advocates of immediate armed American interven- tion in Mexico, are unlikely to per- suade President Wilson to act as they wish, administration omclals said yes- terday. They expect him to take up the problem as soon as he returns from €ornish, but are sure he will not con sider American intervention ' while there exists the. slightest possibility that peace can be restored by auy other means. WEEKLY BANK ATEMENT, New York, July 10.—The statement of the actual condition of clearing { icuse banks and trust companies for, | the week shows that they hold $162,- 711,320 reserve in excess of legal re- quirements. This is a ~ decrease of #1,230,780 from last week. e —————————————— Notice of Hearing on Administration Account. New Britain, July 9, A. D., 1915. District of Berlin, Probate Court, ss. Estate of Mary Meade, late of New | Britain, in said District, deceased. . The Executors having exhibited their administraton account with said Hs- tate to this Court for allowance, it is Ordered—That the 14th day of July, A. D, 1915, at 11 o’clock in the fore- noon, at the Probate Office in New Britain be and the same is assigned for a hearing on the allowance of said administration account with said ministrators to cite all persons inter- ! ested therein to appear at said time and place, by publishing this order in some newspaper p-blished in New i Britain and having a circulation in | said District, and by posting a copy on the public signpost in said Town { of New Britain, neares* where the de- ceased last dwelt. 9 BEBNARD F. GAFFNEY, Judge. . The entire foree, fifteen in | burial | have been put temporarily in receiv- | Estate and this Court direst the Ad- ! Now Controls _ Plant at Sayville, N. Y. charge of 'it, having been sent to New York city for the purpose. ‘The de- cision to take this step was reached after a series of conferences between Secretary Lansing, Secretary Redfield and Secretary Daniels of the navy. cation from President Wilson at Cornish, N. H., in which he approved their course. TWO METHODS TO HELP U. S. BUSINESS Vice-President Hurley of Federal Trade Commission Declares in Statement - Suggesting Plans. ‘Washington, July 10.—Vice-Chair- man Edward N. Hurley of the Fed- eral Trade commission, in a state- men yesterday suggesting plans Dby vhich the commission may give con structive help to American business, emphasized two methods which he considered of particular importance. “One of these” said Mr. Hurley, in his statement, “is to ald the busi- ness men of the country in obtain- ing the additional credits to which their business operations -may en- title them. The second is to aid in establishing a standard system of dhookkeeping and cost account. The two are interdependent.” o The commission has in mind, Mr Hurley announced, divided the coun- | try 'into zones and maintaining in each, experts in accounting, costs and manufacturing upon whom man- ufacturers, merchants. and business men ‘may call for advice and assis- tance in establishing economies. ‘“In Buropean countries, manufac- turers and merchants, aided by their governments, have developed a high state of efficiency, which enable them hto sell their goods in‘ the markets ot the world. The Federal Trade com- mission desires to do what it can to help bring the American manufac- turers and merchants®™n equal terms with- these foreign competitors in or- der. that we may be able to get and hold our share of foreign trade. “When there is completed within th commission the. organization for ®iding business, any manufacturer or merchant, on request, may receive (a) an approved form for presenta- tion to his bank when seeking credit; (b) a form designed to show accnr- ately and concisely his assets and lia- bilities, stock on hand, etc..; (¢) a form of double entry bookkeeping adapted to his class of business, as well as (d) a form and method of arriving at costs, also adapted to his line of business. All of these sample forms will be simple in character and can be supplied by the local prin- ter. It is hoped that the -different | banks throughout.the country wili | carry supplies of these forms for the | | benefit of their customers. | PACKERS' CASE MONDAY. London, July 10.—Apparently the; | negotiations lobking to a settlement i of the cases of American packers in dispute with the British government It | followed the receipts of a communi- | concerning the amount to be paid for | meat cargoes taken by the authorities without resort to the prize court, | | again has broken down. It was an- | nounced yesterday that trial of the| cases will preceed next Monday with- | out further delay RAILROAD) RULING REVERSED, St. Lo Mo., July 10.—The rul- | ing of the United States district court | of Nebraska that the Union Pacific | railroad company violated the Sher- man anti-trust law in_owning a ma- | | jority of stock in the St. Joseph and | | Grand Island railway, was reversed | { by a decision of the federal court of | ; appeals here yesterday. u HARTFORD SUITS FOR STOUT WOMEN A SPECIALTY. Appropriately Apparelled You will appreciate the confl- dence and assurance that is barn of this knowledge. H O. P “Smocks and Middys” from 95(: to $2.95 are just the proper garment for any sport. H O.P. Wash Dresses have authoritative style, exclusive features and absolute dependabil- ity, the three fundamental prin- ciples of H. O. P. clothes. PAYING OF EUROPE'S DEBT TO AMERICA Most Important Problem of Day, Financially Gonsidered (Special ‘to the Herald.) New York, July 10.—Again the war asserted its depres- sing influence upon this market, ana this despite favorable domestic fac- tors such as a sound business situa- tion, satisfactory crop outlook, a redundant money supply and special activity of the steel trade. This week the tendency of prices on the Stock Exchange was down- wards; partly owing to liquidation connected with the British war loan, and partly owing to the apprehen- sions incident to our relations with Germany ‘and Mexico. The decline wes accelerated by short selling and renewed activity on the bear side. Some of our railroad shares were also affected unfavorably by poor earn- ings; Foreign selling was of course necessitated by preparation for the huge British war loan, the size and terms of which are already familiar. Subscriptions aggregated over $3,- 000,000,000. The specially attractive terms accompanying this loan -are explained by the previous issue not being a brilliant success. Hence an increase of inducements to investor: who had been holding off awalting concessions by the government. A portion of this offering may possibly be placed in this market but the takings will not be large, and are likely to be confined to a few Dbig financial institutions, as American in- vestors are not likely to take readily to foreign securities at the present time. < British bonds, espiecally, one or two year notes, would be more readily absorbed. Some other means of settling European debts will have to be found than our subsecriptions to long term forelgn loans; and the urgent necessity of protecting nation- al credit, and this at no distant date. It has already been proposed thal foreign bankers should meke liberzl collateral loans to foreign holdérs of American securities and then transfex such loans to this side. Tn effect this would mean thet American bankers were accepting foreign holdings as collateral for loans made on this market. How far this will alleviate a trying situation remains to ba seen. But European obigations in this market are reaching such an amazing sum that it is doubtful if this means will entirely satisfy. In some form or another we shall probably le obliged to give Europe extensive cre- dit, until time and more normal] con- dftions have been attained in which to facilitate a settlement. Underestimated Financial Effects. If those of ultra-optimistic tenden~ cles have underestimated the duration and the appalling consequences of this war, it follows they have also underestimated its financial effects. As for the end, that cannot be ex- pected until one side or the other is thoreughly exhausted. The best 3s- timates -are that the struggle will cos Europe from $18,000,000,000 to $20,- 000,000,000 yearly until the finisi Such terrific waste -cannot but pro. foundly affect the world's capital markets, and the adjustment of valuea to these abnormal conditions is still progressing, and the most important a MEMBERS NEW YORK STOCK Represented by E. W. Eddy. Ned Bri 25 shs AMERICAN 25 shs AMERICAN 50 shs LANDERS tain Nat. HARDW. ""5 HOSIERY. FRARY & CLA 50 shs STANLEY WORKS. -~ 50 :hs UNION MANUFACTURING ¢ 50 shs NEW BRIT AIN MACHINE C MEMBERS NEW YORK $TOCK EXCHANGE. 111 Broadway, New York. Established 1879. We will execute your orders amount from one share up. for any listéd securities We give the same careful atiéntion to the ome share the larger customer. ‘We will buy any. ‘We will buy ten shares DIRECT PRIVATE number of shares from one np for or more on conservative WIRE TO NEW YORK NEW BRITAIN OFFICE, 309-310 NAT'L mx Telephone 1012. A problem’ of the day, financially con- sidered, is 'the ‘paying of Burope's debt to the United States. 1f Bu- rope cannot pay in merchandise; If we will not take her bonds in large |. | amount, and if foreign holders are unwllllng to part with their Ameri- ica stocks. and bonds, some such scheme for settlement as above sug- gested will have to be devised. For- eign holdings of Americans Thave diminisHed considerably; it being estimated that over $200,000,000 have already been returned to this side, and the third selling movement this vear which is now on will probably continue until preparations for the new British loan are discounted. Great Britain’s obligations to this country must be enormous, since she ie financ¢ing not only her own war but also giving very material financial as- sistance to her Allies.” It is estimated that about $500,000,000 in war or- ders have already been received in this market, and that another bil- lion dollars is in prospect. The ship- ments of these vast amounts of mu- nitions will come next autumn, when the outward movement of our agri- cultural products is at its zenith. The effect of the war upon British trade is shown in the statement that her excess of imports over exports for the year amounts to about $2,240,- 000,000, compared yith her usual ex. cess of $650,000,000. Britain gener- ally pays for much of her excess im- ports by her foreign investments; but this means of adjustment is now shur off, and the enormous burden whica she has shouldered can be appreci- ated by the fact that on March 1 1916, her national debt will hav risen to $6,466,000,000, at the present rate of increase. Due to Foreign Selling. The weakness in raiiroad shares was mainly due to foreign selling, cspecially in St. Paul and a few other etdndard stocks. At the same time American railroad earnings, outside of a few eastern and transcontinental lines, are not satisfactory in spite of better rates. The adverse influences are dull business; diversion of traffic through the Panama canal; slow movement of cotton; effect of the Missouri Pacific collapse, and the financial condition of some of the weaker lines. It may be that these mishaps and the new British loan have DLeen fully discbunted for the time being; and they are cited merely in explanation of this week's fall in values. On the favorable side of the account is the steady growth of ac- tivity in the steel industry, which if continued will soon run into a veritable boom. Under either peace or war the American steel industry must benefit for some time to come. When peace arrives there will be an immense d- mand for tools and semi-fabricated steel for reconstruction purposes, For- cign plants with impaired facilities and a general scarcity of skilled labor will be utterly unabie to meet re- cuirements; all of which will be of advantage to the American manufac- turer and exporter. Our textile trades also continue fairly busy and the gen- eral condition of business, though Guiet, is sound. The government crop report was better than expected, con- sidering the lateness ana cooln of the season. Abundant moisture, how- ever, in June has had a beneficial ef- fect. Allowing for ordinary deteror- ation during remainder of the growing season, the outlook is for ample crops, including cotton, and good prices for the American farmer, upon whom Burope must depend to a greater ex- tent than usual for food during the coming year. Caution Is Necessary. For the time being caution is neces- sary in all financial transactions. Our relations with Germany and Mexico are in exceedingly uncertain. and sensitive stage. The scene shifts daily and so do the possibilities. HENRY CLEWS. P \ | 1 Foreign Offering Action on New York, July 10. velopments in the this country and greater strength to g day. Berlin’ retreat of ti outset, with 2 points in ni sues. The rise was foreign offerings ; reaction and in e in ing out initial ‘, trading, however, 3 itedly under lead of WU Canadian Pacifie, ! States Steel. The ¢ Bonds were steady, Wall Street, nfl' rebound from ness was recorded ket at today's o G specialties. The terially assisted by h of contracts by the umably as a resul latest German note. fered some 1) higher range for A Canadian Pacific, which ad points in that market. u cessjons from the top fore the end of the first a general slackening of & g it e o | New York Stock tions furnished by members of the New change. Represented W National Bank bujldi Anaconda Copper . 38 A TS Fe Ry Co., 99 B & O 76 Canadian Pum Central Leather ., 41 Chesapeake & Ohio 36 Chin Copper ..... 443 Chi Mil & St Paul. S0% Distillers Sec .... 21 Brie . o Erie 1st pfd La. B38% General Electric .163 Great Nor pfd.... % Interborough ... g % Lehigh Valley .. Mex Petroleum ... ” i National Lead . N Y C & Hudson Nev Cons ...... NYNH&HR - N Y Ont & West. . Northern Pacific .. Penn R R ., .5.40 Pressed Steel Car... Ray Cone . Reading ..... Rep Iron & Steel pf 87 ;J Southern Paecific . Southern Rallway South, Rallway pfl Tenn Copper Union Pacific Utah Copper . U 8 Rubber Co. U8 Steel ...... U 8 Steel pfd .. Va Car Chemical Westinghouse Western Union . Connecticut Trust and Safe Deposit: A STRONG, RELIABLE oonon’nou organized and qualified through years trustworthy service, to act as Conservat Executor or Administrator. CAPITAL $750,000. Connecticut Trust and Sfl! M. H., WHAPLES, Pres’t,