The evening world. Newspaper, June 22, 1903, Page 10

ey whe only connection 1 had with the ¢ Ing, there should be an incressed i aaa pelved Nor Formed Shipbuild- ‘Ing Trust, and Made No Deal with Schwab. MAKES. OPEN CHALLENGE. Answerlng Statements in Receiver- “~\fhip Proceedings, He Defies Any-| Sp Body to Prove He Acted Otherwise _, than for Corporation's Benefit. sy TS © Bpecial to The Evening World.) ‘ON, N. J., June 22.—In an af- Presented in the court proceed- here to-day looking to the appoint- of a receiver for the United States ding Company Lewin Nixon @ full deniel that he was the pro- “of the trust or had arranged the of {ts formation. John W. » he sald, had concelved the idea | 8Nd carried it out. hearing was before Judge Kirk- bl in the United tSates Court. Mr. | tn his aMdavit sala: ST have read the 111 of complaint andj each and all of the insinuations} tements therein to the effect that 4 the promoter of the organization the United States Shipbuilding Com- Pany, or that 1 conceived the plan of inization. conception and promotion thereof Was the work on one Juhn W. Young. on Pieeicitnation as was desired. Only Gave Advice, ih the agreement which was made} iween Mr. Young and the Trust Com-| reof the Republic fur the purpose! ing the compauy or with the ob- @r underwriting or securing pur- for the vOKw.s Of sue coupany, emt the ume + gave iny opuon to 1 was eniiy agnorant or the ni 4 gad nolins the SeweUN OF “They, 1 presume, were selecied vy iia during the negoations was from the fact tnat ilving near New York and being tne head of the largest snip Yards in that vicinity, 1 was naturady to Irom time to time by per- interesiew in th 3 whieh 1 freely PBUM wWeleve in, tu Lae iY Uyeauon and unioi aris woud uestroy oruiticss ana | compeduon, “and woud oe| Wy aavantag cous. jolucely ueuy Lout 1 made any rep- | uons As tY Values or earnings, | Hany such that were made, pending | wm@egotiations were based’ enciresy Feports of accountants. All that 1 vand still maintain is, that when | in touch with a central manage- ment and after such time as work could | br be s0 allotted as ty employ each plant the work it was best capadle of ‘of at least $0.00 per year from shipyard plants, @stenate the value of the plants fe of the Bethlehem, working in ation under one management and Of producing as at present more A $14,000,000 worth of finished prorduct » At not less than $20.010,00), * No Deal with Schwab, SMe. Nixon also denied that he was in way responsible for the statements | the condition of the] MY or which were cir Company of the Repubi! uing in the affidavit, he sald: ny absolulely each’ and every mt to the effe e the tion of the defendant com- had ben arranged between wab and myself that Mr. wan, ‘would acquire the plant, prop iy and business of the Rethlehem Steel so that he might thereafter Ball the same yrmous profit to the defendant company. Mon te contrary tie. fact Is that wab had acquired the Bethlehe: 1 ation long before either the ion or the maturity of the pl ais at mattention has heen called to the fon, entirely unproven. that I had) ed ommended the ado - | to-d and exposure of ms nd director of the company. b: { and through a disinterested titution will from me, by reason of my acts omissions, in connection with ganization or management of the An Opeu Challenge. y_ that there has been any mis- ton my part in the management company since I became a di- ie stock~ and persons interested in the Ri wab begun to-day for ited for by F side had'a bis array ‘esenting the complain- indabury, Henry Wool- @ Henry Untermeyer, Counsel Peppullding Company were ttorney-General TP siotartar ANe™SZ General Mr. Wool thie. bili of complain renee of which has already been I gave an option my plant as a growing concern to hiin, subjéct to such] ¢ @f¢ not participate in or in any way! !, | escape, will seek no es-ape, jth i Outside Market Lacked F; WORMSER LOSES HIS LEASE SUIT After a Day of Argument Justice Been Made Out Against the Interurban Railroad Company COMPLAINT IS DISMISSED. Constructive, Court Holds, in Big of Metropolitan. After a whole day of argument tween Albert L. Stickney. in behalf of Isidor Wormser, Jr., and W.D, Guthrie on the part of the Interurban and the railway magnat Whitney, Elkins, Ryan, Dolan, ener and Vreeland, Jvetice Scott, the Supreme Court, he- of | this afternoon decided from the bench that Wormser had not proved and fraud, intentional or constructive, in the scheme under which the Metropolitan | system was leased to the Interurban on the guarantee of the Metropolitan Se. curitles Company organized by Kuhn, Loeb & Co. He thereupon dismissed the compiaint Au “Amateur Financier.’ Mr. Guthrie said that a court of law was not the place for insinuations, nor i answers to Insinuationa and he would hem over, Inuomdoos of this youn, + this amateur fnancier ( yorm| Breat financit, who organi i Metropolitan did !t y upon the necessities of the Met- ropolitan Street Railway Company,” and ira nae Street Rallway Compan I shal! not dignity by charaoterizin he lawyer he i ‘offed at Mr. Wogaser's testimony that he could “get nd satis- faction from ‘Thomas F, Ryan when he the lease to Interurban was to sell for $73.00.000. and his other offer of 130 for stock then selling at 180 In the market.” ‘As for the Irresponsiility of the Jeas- Ing company, Mr. Guthrie pointed to the character of the men who were back of the Securlties Company guaranteeing the lease—Kuhn, Loeb & Co., the Mor- ton Trust Company, Whitney. Ryan and the rest. Profited by Transaction, Mr, Guthrie declared {it to be an ancient principle of law and equity that a man cannot profit by a trangac- ton and then attack the transaction successfully on the ground of its u: fairness to him or its Mlegality. aite,co! cluded with a remonstrance t Attitude permitted to counsel to eas fraud against men of reputation witho! some evid nce upon which they might oha hope to prove the Albert ‘Stickney ah he arose to reply, He si “I have no Intention=I do not at= tribute to Mr, Whitney, Mr, Ryan and the others any moral «ullt; any inten- tional fraud; but Your Honor, aittin asa Chancellor in Equity, will ‘have no from your duty’ of restoving this valuable property to ite owners, “ite carrying out of the acheme. the utal carrying hod, over the helpless atockholdern, ef this: schorwe by this little coterie clearly shows the Way to vou, as the successor of Chan celior Kent, in this monstrous matter, Mr, Stickney declared that the offi statement ‘Issued from President Vre land's office three days before the lease of Metropolitan to Interurban. showed that the company held over $60,000,000 Worth of securities, all available assets, and that It wana pretense, a fraud and a sham te say that this lease was nac- essary In order to raise a ppetry, $23,000,~ OM for needed Improvemey —— STOCK BROKING FIRM RAIDED. Three Arrests Made by Jersey City Police at Concern Patronized by New Yorker: with anger as A stock broking concern on the top floor of the Second National Bank Build- ing, In Hoboken, was ralded to-day and e men arrested. The place was run under the name of Graham & Montell, | dealers in stocks and bonds. It has been watched for some time by the police and Detectives Kerrigan and Wein- thal were Instructed by Chief of Police t three men arrested, gave thelr names and addresses Rowland W, Jolinson, No. M8 West One Hundred a Twenty-el New York Cit i 120 Fifth avenu . and. ‘Thomas, Radeliffe, No, 167 Sussex street, Jersey City, There was a ticker In the office, was carried off by the detectives Most of the patrons of the place are to have been New Yorker; ‘The three prisoners were arralj before Recorder Stanton, who ha sued warrants for their arrest on the complaint of Chief Hayes. walved examination, ned r CURB STOCKS DULL. and Prices Were Irregular, ‘Trading on the curb waa dull and tr- regular to-day. The bid and asked prices of the principal outside securl- tes were: American Can... American Can pf, Greene “Copper Marin Norra ec Becuritien’ fe Wool ved f vat aries 3 d receive for ¢ Bethiehom $5,000, 000,000 of 3 nd els asked what the col-| of was told that Morteaes one on the another on the Company's enti: prop- | The Cotton Market. ‘The cotton market opened steady to- jday with prioee unchanged to 4 poinus ly due to the indicated cool, showery conditions through the South- a States. After the initial e Liverpool macket displayed a tend- | ency to Hates which stimulated Ors and eventually caused prices here to rise 3 t0 6 points all around, although trade wag mostly in September, October and December, to @ great extent Pp premiera. The prices were: June, 12.0 12.15 bid; August, 11.79 to 11. 8 Bld; 0 Scott Decides No Case Has' No Evidence of Fraud. Intentional or Financia! Deal Involving Merger) ‘ & gentle- ) that this was ‘a mere sham to loot the offered $10,000,000 for the securities which | 4 ji. while trading | 44 ETE. &% vorery STOCKS DOWN IN DULL MARKET Announcements of Gold Ship- ments Weakened the Trading and Wiped Out Gains Made in the Early Dealings. Announcements of gold shipments added to the depression prevailing in the stock market during the greater part of tq-day's session, Trading opened with some promise, prices show- ing gains, but the certainty that yellow metal was to go abroad started a down- ward movement which was not checked, Trading, which opened dull, went along In @ Iletless w, utterly davold of feature, the only reassuring sign being the accepted theory that declines would not be permitted to reach Important dimensions. The average losses on the list were from 1-4 to 1 point. Brooklyn Rapid Transit and Motro- politan were the weak features of the day, the loss in Metropolitan Securities being pronounced The latter ‘esue was hammered down to 78, © loss of 3 8-4, while Brooklya Rapid Transit and Metropolitan were each closed with a loss of 1 3-4. United States Leather realized a loss of 8 points while the common was only 1-2 under Tho Steel stocks were closed down 1-8 to 1-4, while Atchison, St, Paul, South- em Pacific and Western Union Tele- graph each reulized a decline of 3-4 per cent. Amalgamated Copper was off 5: while American Sugar closed un- changed. Baltimore & Ohlo declined the preferred was up 1 Canadian Pacific was 5-8 under, as was Rock Island. Colorado Fuel & Ire wan pushed back to 63, thts being a loss of 1-4, Denver & Rio Grande preferred waa 1-4 under, while the Erie issues josed with losses of 8-6 to 6-8. Louls- ville & Nashville was 7-8 under, Minois Central, Pennsylvania and Reading declined 1 point. Missourl Pa- cite lost 1-2 as did Norfolk and: West: ng New York Central and Uni The Wabash issues closed The total sales of stocks were 327,700 shares and of bonds $1,420,000. Vhen the stock market closed engage- ments for eo in gold for aifprnent had been firms ‘ian tho jank, 3850.0 100 olan. ody of Boston, $3 (we; Heldelbacn, Takelneliver & Co, you The Closing Quotations. ad sloaing:pelens, nage, from Batarday's shoei ices OF ace as followa: High. Low. Close, ont 3 1+! 3 F sinSareisenkaeent ae ie Sageige ie Hittett ferecesestsce ese? z ex, Pacific | Union Paclft Union Pactfe pe. u eererte fe se MAYOR HAD TO WAIT FOR MISS CENTRAL, Telephone Hold-Up at City Hall Until She Arrived to Operate New Switchboard, Mayor Low, President Cantor, Presi- dent Fornes—all the city officials, in fact, at the City Hall-«were deprived of telephonic communication with the out- side world for @ time to-day. The trouble was due to the lack of specific orders which the new telephone girl had received. She was engaged Friday last to manage the new central station which had Just been Installed. “At what Bour will I have to report for work?" she asked. "Oh, you needn't work on railroad a olty oficial told her, “Get about 10 o'clock. (alw by the clock, Central.” We don’t work city Job was a sinecure, so she wasn't at all anxtous about arose tais morning front hair to a nicety so as to look her urely journeyed downtown. Meantime, olty offices were being called up from all over town, but the answer came back to each: "Don't answer."” When Miss Central appeared short! fter 10 o'clock she found fas that a at itis era job was not always cked up to be. WANTS FIRM’S CHARTER ANNULLED Nicholson Makes Charges Against Brokers Before the Atterney-General. ALBANY, aiven by Attorney-General Cunneen to- day on the application of Col. W. J. Nicholson, of Evergreen, L. Ij for the annulment of the certificate of incorpor- ation ot Halght & Freese, stook brokers, ot New York City, ‘The petitioner ana Daniel 8. Decker appeared for the ap- plication, and ex-Gov. Frank 8. Black And ex-Diatrict-Attorney | William _K. scott, of New York City, for the de- Tonia corperstion Col, Nicholson alleges that he lost a considerable sum of to the de gambling insolvent. Col. DRESSER’S BUSINESS CAN CONTINUE. Court Gives Recelvers Permis- sion to Go on Until June 29, Judge Holt in the United States Dis- trict Court to-day signed an order per- mitting the rocelvers of Dresser & Co. to continue the business until June 29. In the application the receivers, through counsel, state that they hi jie fants since their appointment the firm prior to the bankruptey’ and $00 000 due the firm on ope: nunts for goods soll prior to bankrupt ‘On new bual- ness the receivers say ‘they have col- lected $146,176 since April 1. New Yorker's WESTERLY, RL, summer cot of Malcolm ‘Anderson, of New York, at Maxtucket, Westerly and Watch Hill, reomaily fin- SY crags tee UREA, ateen hundred | June 22—A hearing was| “In Score Conti ference In Laverpool « the ya February last the Cuma: tary artous passenger Inental service. VOCVET1OOOF0O00H PSHE ‘ 3 ¢ 3 * CUNARD WON'T START RATE WAR Vernon H. Brown Explains Why His Company Will Cease to Be Represented in North At- lantic Conference. Vernon H. Brown, New York agent of the Cunard Steamship Company, gave out @ statement this afternoon explana- tory of the withdrawal of hie line from the North Atlantic passenger agreement. He sald: nd Com- pany gave three months’ notice to the of the North Atlantic Con- withdrawal from agreements of the The three months expired and the demands of the Cunard Company were not conceded. No alter- native was left {t but to withdraw. “This made it imperative on ua, on secre time when she Saturday last. She frizzled her Nlwhtly service, which has deen referred tary of the conference you know, Miss this side, to give the customary four- teen days notice of withdrawal, Miss Central had always heard that a NOtlce was given to Lawson Sanford, which here, on The Cunard Line's fort- to in the press accounts of our with- for m tra t trade | vok we,a ment. has draw, 10! and activ were Am trout the out rey adjustment protect ing prevailed, the weather, nit transport service. » so Iberally t competitors, onna, by put senger rates are concerned. Ject of the company in withdrawing is simply to place itself in @ position to the trade. Cunard company has no desire tg pro- or inaugurate @ cat in rates, All that we want is dle share in the business without being unreasonably handicapped, and I think its share of a fight re entitled to that.¥ Winen James A, Wright, of the Inter- has asked for a revision of the So far this revision has exercised their privilege I cannot prophesy w come will be, but whatever 1s do! probably be settled upon on the other alde.”” LONDON STOCKS INACTIVE. ings in America: NDOD June 22.—The discounts were fir but business ‘© pending the settlement. ‘uit ner pointing ‘bank statement prettiest in ther new city Job, and Jels-, drawal, has existed for many years and was only discontinued during the Boer war, when our extra ships were needed As soon 8 these ships were once more available | the fortnightly service was resumed. “The Cunard company feels that there are too many ships in the trade; the supply far exceeds the demand, and there can be no relief from the existing | situation without withdrawal of the ex- that into the ‘The Cunard company demands a re- to correct the inequalities | Mt present extsting In the classification of some of its steamers so far as pas- ‘The ob- The reasona- y, was Mr, statement and asked for an opinion on it, ted: ‘I think Mr. Brown has stated the case very thoroughiy. The negotiations have been golng on for months on the other side. I don't think there is any danger f a rate war. The Cunard line oe. not Accotnplished and the Cunard Company to with- the out- will Shipping Trust Affecte the Deal- raten for money were easy in the market to-day On the Stock Exchange a rather more cheerful feel- due to the improvement was in- Consols cans opened dull owing to the and the os In regard to the Shipping ‘Trust, became stead) being regainied with anxiety, er later, but, closed HERE'S A RECORD OF ASTINGY SUN It Shone Just Twenty-seven and a Half Hours Out of a Possible 210 in the Last Fif- teen Days. WATER WAGON WAS BUSY. But the Reappearance of the Sun Ie Being Celebrated All Ovr the City and Well-Filled Clotnesiines Show the General Joy. WEATHER FORECAST. Forecast for the thirty-six hours ending at 6 P. M Tuesday for New York City and vicinity: Showers late to-night and Tues- day; fresh north, to east winds. I Here's the unofficial report, compiled by Little Sunshine from the Weather Bureau records, of the reticent behavior of the eun during the period of gloom and moisture from June 7 to 21: June 7—Couldn't hardly notice it at all. June &—Entirely out of business. June 9—‘‘Just a little sunshine.” June 104A trifle less. June 1i—Went back to work for five hours, June 12—Very stingy. June 18.—Stingler still. June 14.—Penurious. June 15—Nothing doing. | June 16—Rubber business—two kinds— great. June June June 17—Mastcintoshes and umbrellas. 18—Dripping down the neck. 1-1 ; June wo lTiankegiving eervices over, return of aun, A meerre of Stinginess. fifteen days the During ont pases Rours out of « ‘vote rot io houra’ ‘The total reinfall ingots of Harlem flat-houses present a 2O0te ot Clete Calabration oe Wash to say nothing ern tees on Be wich ‘were ell wat begun iterd: with yesterday he Pee mbed out on oversee: rmbed out on Feet Tee he roots and wang with one voice ‘The gun is up And {t 16 now dap pare ‘Hooray’ i at a prelled t down thi " forenae The grow. roar and ly mi 1@ @oil- Founchola aie count ing the clothespins. Papas wesiher: Prophet. aather amolced his, pipe on, the back ihe oid he tn tiny \ ed the wa; atmosphere looks a ea Relay Saturday that 10 was going to clear up on lay. The janitor made no comment, ‘To-day. the general feeling ef hope was 90 str fed by the second visit of the sun that hundreds of Intrepid citzens and clitizenesses came down to business without their umbrellas. Maybe they'll be sorry. —$—=—_—_ ‘The Wheat Mark Wheat opened strong to-day, caused by the unsatisfactory weather condi- tions. Cables showed practically no change, apart from a sharp decline at Paris. September sold up to 801-4, Sep- was 1-4 to 38 and Jul: Jap There was fair buying by commi slon-houges and rome covering, the la‘ ter. mostly in OE a vores aH A.M gpening prices were: Wheat—July, | 83 3- roe per Bork. Disember wie be 87 3- *Whicagy’s 290, A: ul 0 Bon is 1-2 to 1 14; December, Corn—July, 60 1-4 to 60 3-8; Bep- $0 to 3) 14; December, 8 14 to 48 Now York's lowing lees were: Wheat Septem: Decem- Ci Lalesln td 68 1+! yecember, 66 1-2 bla. f er 3; July, 60 1-4) Sember, + 18 ‘ode December, 48 6-8 br May, To-morrow, at Fine Quality, Swiss Ribbed Lisle Thread Vests, with hand crochet tops, lace trimmed, ppapler and double beds, Lace Curtains cleaned \unsettiod and below the best prices of the day. ee Out-of-town - people who ” mail from he | visiting New York will say , between | Money by engaging we ‘guartera by 4 jeatroyed te ae nee of Fur- to Let Third Floor. Stern Brothers Women’s Underwear Extra Fine Swiss Ribbed Lisle Thread Vests, with hand crochet tops or lace trimmed, Extra Quality Swiss Ribbed Pure Silk Ve: Very Fine Gauze China Silk Vests, Lace Curtains for Summer OBBINET CURTAINS, summer; No Charge for Storage. » West Twenty-third Street. JAMES McGREERY & CO, The China and Bric-a-Brac Department will be closed during the Month of July and re-opened early in August, The remainder of the present stock (Silver. ware, Household and Decorative China, Cut Glass, Bric-a-Brac, Curios, Clocks, Florentine Frames and Porcelains, Bronzes, Ivories, Marbles, Pedestals and Cabinets) will be placed on sale at prices so greatly below cost ag to effect its disposal. Beginning on Tuesday, June 23rd, Twenty-third Street, —— es JAMES McGREERY & CO. | JAMES McGREERY & GQ Sale of Silks. Sale of Corsets, Midsummer Shirtwaist| On Tuesday, June 23, Dress Silks,—a very ex-|White batiste Corsets, with tensive variety of blue and white and black and] to 30 inches, white weaves. 1.453 value 2.00, 75¢ to 1.25 per yard, 5,000 yards of black and/High grade corsets,— white check Taffetas and| straight front and various Louisine silks,—and a| models, large variety of printed 375 and 6.50; Foulards and Liberty formerly 5.5 to 12.50. Satins, —and white|/Ribbon and novelty corsets, Habutai. —this season’s models,— 55¢ per yard, at greatly reduced Prices, Twenty-third Street. Twenty-third Street, =| JAMES McGREERY & CO. JAMES McGREERY & G0. Ladies’ Suit Dep't. Ribbons, 3rd Floor. Tourist or “walking” Sui made of grey Homespun, Strapped seam skirt, — three quarter length coat, with belt, $18.50. “Walking” skirts, — pleat- ed design. Various colors, 8.50. White Butcher linen walk- ing skirts, 5.50. ts|Double-faced Liberty Satin Ribbon. 3% and 4 inches wide. Colors:—Blue, pink, mais, lilac, nile, turquoise, red, black, cream and white, r9c, per yard, Twenty-third Street, Twenty-third Street, World Wants Paid Help Wants ta Morn 185 Fahey teevet Special Prices, 28° CANVASSERS Value 45¢ CARRIAGE HANDS. CASHIERS . Value 850 SOC | chamanrnarns - "Value $1.50 98¢ Value $4.25 $2.95 hn aburien and edge, pair’ 91.65, $ 1.95, $2.75 RUFFLED MUSLIN CURTAINS, par $95c, $1.65, $2.75 IRISH POINT CURTAINS, pair $3.75, $4.75, $5.50 Bante EASES LED RENAISSANCE BED SETS, IRONERS . $4.95, $6.00, 96.75 JANITORS JANITRESSES and stored during the Out-ot. People who intend sting Now York will eave time and extended hips, Sizes x18: