The evening world. Newspaper, January 21, 1904, Page 9

[} | i > SIRE TO REPEAL “NEAR SIDE” LAW py FAILS; GATES BACK IN GHT GOES ON) TRIM FOR FIGHT) BUTING BY Blé NEN President Fornes, Leadér Mo-|Dissatisfied Bondholders in the/Big Plunger Re-Enters Wall Call and Members of Mer- ohants’ Assoolation Join in Fight on Foolish Car Rule. ‘The way is now clear for the repeal @f the foolish “near side” car ordi- hance. President Fornes, of the Board of Aldermen; John T. McCall, Tam- many leader of the Board, and mem- pers of the Merchants’ Association have come to realize the absurdity of the rule which was first pointed out by The Evening World, All these in- fluences favor the repeal. Alderman McCall was prominent at the meeting on Tuesday of the Board of Aldermen in opposing the repeal. He explained his attitude to-day to an Evening World reporter. The Alder- man, who is the Democratic leader of the Board, chairman of the Finance Committee and a member of the Sink- ing Fund, made {t clear that he does not consider the near side ordinance ® good law and that he was among the first to originally object to its sdop- don. “My attitude on Tuesday Was prompted purely in a spirit Cs re play,” said Alderman McCall. n Merchants’ Association, which iD cor of able citizens whom the cont Pome respects “highly, originally ad yooutcd the sure, 1 learned to-day {hut the Merchants’ Assocjation 18 nove opposed tw the ordinance and that sition exactly. Mhut desiring to plaice the Board in & ridiculous position AL once by the repeal of an ordinance which hed not been fully teste a, 1 yielded to gon- eee vetatter to. the Kaiiroad Committee. und .moved to reler he matter to the tho matter fia be more fair in my €s SrWas it correctly, Aen Aue er Murphy prompted tne Deuder Murphy Presahutiokt™ aluerman all was asked. aevou cannot, contradic’ Wry x pee Ye can hor heard from Mr. a from what y fi not his cus- Board whether this or that ordinance shall or shall not ‘be adopted or repealed. president Fornes sald to-day t repealing ordinence should have been the Railroad Committee, Peters right now to repeal the said Mr. mores, ree Sere ainly @ foolish ordinance an 01 fev 4 have been adopted. At next Tues- day's meeting of the board the resolu- tion will In be called up and acted upon, thus obviating the necessity of a publio hearin, . ‘Members of the Merchants’ Associa- tion are also moving to have the fool- ish rule repealed. THE CLOSING QUOTATIONS. bi Jowest and closl com exittay "utes eres ent see is ge. or from lest ded Cee aaa reese” errs eas aa FR. PEtHe Peete tt bttetet te ttt [ett #2 Bouts South, +tttt+ AEE Ui # i inion Pacific pf. . &. Leacher..: #F. 1 Me ™ 4 + ttetttt Shipbuilding Trust Refuse to Accept the Alteged Wrecker’s Proposals for a Compromise. AN efforts to effect a compromise or nettioment in the United States Ship- building Company suit have failed. The famous litigation will continue with re- nowed vigo? and bitterness. Charles M. Schwab and his associates in interest have endeavored to thelr ut- most to bring the sensational sult to an end and prevent further disclosures of the methods by which this great shipyard combination was organized and wrecked. He offered concessions that he and his counsel have character- {zé4 as magnificent in their liberality in the hope of preventing the taking of further testimony in the sult. He conceded that the company he ts alleged to have wrecked was insolvent He withdrew his opposition to the a) pointment of a permanent receiver, an almost panicky retreat from his former stubborn defense. In fact he agreed to crifice nearly $5,000,000 rather than jeubmit to further questioning by he {counsel for thé complaining bondholders. Litigants Not Appeased, This amazing backdown would not appease the litigants. The Schwab clique was still reserving to itself mill- fons that the bondholders declare they are not entitled to in law or equity, Their counsel, Samuel Untermyer, ad- vised them that they were entitled to all or nothing, and to-day they have decided to stand by his advice. On the other hand, Mr. Schwab has been advised that a further surrender on his part would be an admission of many ugly charges made in the com- plaint of the bondholders that would seriously affect his standing in the financial world. There are chatges of fraud against Mr. Schwab and his di- rectors that further concessions on his part would practically admit, and rath- er than suffer this stigma Mr. Schwab 1s determined to fight-to the end. Samuel Untermyer said to an Even- ing World reporter to-day that the fight would go on. “All effort to compromise or settle the case has come to nothing,” said Mr. Untermyer, “and the fight will con- tinue where it left off at the last hear- ing in Newark, Next Monday the case {s down for a hearing before Judge Kirkpatrick, of the United States Di trict Court in Trenton, and unless some unforeseen contingency arises the pro- coedings will resume at that date.” New Issue in the Fight. ‘This hearing is for the purpose of de- termining whether or not Mr. Schwab can be brought within the jurisdiction of the Jersey court, and every effort will be made by the Schwab counsel to prevent him being called to the stand In the sister State, ey, consent Mr. Schwab has been made a co-defendant in the original suit, and thereby laid himself open to the charges of fraud that were orig: inally merely inst his directors of the. reoreaal ea “uiiipbullding come ny. His counsel made this concession for the reason, as he stated, of showfng that the courts of New Jersey woula have no jurisdiction over Mr. Schwap ance on the witness reorganized company, the latter would be inflated beyond its real value, just as at present. Tho wiping out of this stock would also destroy Schwab's in- dividual control, and the complaining bondholders wili accept no plan that | leaves Schwab in control. But Mr, Untermyer is confident that Judge Kirkpatrick will find that his court has jurisdiction and can compel Schwab to take the stand again. Even should this contention fail Mr. Unter- myer is prepared to make Mr. Schwab a defendant in another suit in which there would be no escape for him from examination, Mr. Untermyer sald to- day that Mr, Schwab would have to take the stand again and tell his side of the story. Otherwise his defense would have no leg to stand on. ‘The failure of the efforts gf the past few davs to bring about a’settlement bitterness that has been exhibited by both sides in the sengational proceed- ings. Hopes to Wipe Out Mortgage. Mr. Untermyer belleves that through the courts he can wipe out the $10,000,000 jsecond mortgage held by Schwab ana | by wiping out this mortgage-the value of the first mortgage bonds of his {clients will be Increased 70 per cent. ors soft top mattress. Accounts Opened. AU & West 125th Street, Near 7th Ave. Extraordinary Bed Outfit Sale: , $10; special this week, like design, extended foot, brass trimmed, any size; all steel woven wire spring and excellent __ This very unusual value will give you an insight into the other very remarkable reductions we are now offering throughout our imrhense store in Reliable Home Outfittings. Liberal Terms, MANN come \ Actual value everywhere 5.95 Outfit consists of white enamelled Bed, and thereby prevent his further attena- | ( of the litigation has only increased the, Street an Optimist and Plans to Send Stock Values to High Levels. John W. Gates has arrived in the city from Texas, where he has been for sev- eral months, He went direct to the office of Harris, Ga! & Co, to-day, where he held quite a reception. Mr. Gates is ready to bull stocks—in fact, told in these columns ten days ago, he has already begun his campaign, The big plunger is full of bullish en- thusiasm and looks better and is stronger than he has been for years. He is tn campaign. travel through the west and southwest without being impressed by the wealth apparent on all sides. “I am more hopeful,” he said, ‘in regard to the business outlook of this country than I have been for fifteen months. “People were buying stocks in 1902 on a 81-2 to 4 per cent. basis, while to-day the same stocks can be bought on @ 9 to 7 per cent. basis. The difference ts too great, all things considered.” “Our country is too rich to warrant pessimism Money {s abundant and yet our trade {s enormous. “Our exports are at the highest mark In the history of our country. Our In- ternal commerce is on a sound basis. ‘The farming communities are rich gnd the prices of our agricultural products are giving farmers increasing profits. “T look for better markets and grow- ing optimism.” Mr. Gates talked quickly. His sen- tences were short, sharp and to the point. He said what he had to say 80 clearly that there was no mistaking his meaning. He Tefused to say anything beyond the words quoted, and would not talk about the story that he was to lead a bull campaign nor would he discuss the formation of the firm of Charles G. Gates & Co, with its Immense capital- fzation, but. what he sald showed his position and has set Wall street talk in Nir, Gates is a man of action and not much of a talker, When he belteves stocks are selling too low he takes steps to make them sell higher, 80 wail In the street expects some pyrotechni stock market. Speculators were say! ing to-day that nagers who have not a tight railroad m hold on their properties had better look sharp, for Mr. Gates loves to catch a man napping and is no respecter of persons. —————— WHEAT MARKET. ‘There were declines in all the wheat markets to-day. Corn declined 1 cent here and 11-8 in Chicago under liquida- tion, After the first hour of trading the whole grain list had a demoralizing appearance with the leaders apparently selling, and a lot of stop loss orders were caught. New York's openin; prices were Wheat—May, 931-8; ‘uly, 89. Corn— MGhicawo's r ices were: Wheat o's opening prices —May. oot 7-8.to 921-8; July. 841-8 to &3 7-8. _Corn—May, 501-4 to 503-8; July, 485-8 to 481-2; September, 48 to 481-8. New York's closing ‘prices wer May, 93 1-8 to 93 1-4; July, 881. nary 553-4 nominal; May, bid. Mr. af any’ plan which seer closing prices were; Wheat vido for “annuiling ot | Say, 178 to 98; July, 68 1-2; Beptem- common and preferred stock. His |ber, 7. © nuary, +8; a Contention is that if this stock is per-|49 7-8 to 00; July, 481-8; September, mitted to share in the securities of the | 47 3-4. STOCKS SOAR ON Morgan, Rookefeller, Gates, Keene, Harriman and Hawloy In the Market and Business Gets a Boom. Tt was hard to find a substantial in- tereat on Wall street to-day that be- Meved in lower prices. It became evi- dent that the large interests were work- ing in harmony for higher prices for the first time in many months. There were practical proofs that J. P. Morgan was buying his favorite issues; that the standard Ol! contingent was at work in its group: that 1, H, Harri- man and James R. Keene, who were at one another's throats a year ago, were taking both Southern and Unton Pacific shares; that Edwin Hawley and his friends were buyers of Kansas City Southern, Alton and other stocks of that group; that the Moores were busy in Rock Island stocks; that the Whitney- Ryan group were taking tractions; that John W. Gates and his followers were busy in Realty shares and the whole market. ‘These different groups are Irresistible when together, and as they bought, stocks advanced until the whole list was on an average of 11-2 points higher, while individual gains ran from 1 to 4 polnts, Rock Island preferred, the Moore leader, was up 48-8 points. Realty preferred, Mr. Gates's pet, at this mo- ment advanced 2 1-2 over the opening or 3 points over the clos St. Paul, the Rockefeller standby, was up 1 8-4 tq 148 8-4, while Eries, the Mor- gan leaders, showed general fractional advances. Mr. Harriman's roads showed sharp rallies, Union Pacific being up 1 1-4 Mr. Hawley's issues were all string, with Alton common over a point higher and the preferred also showing @ sharp advance, The steel issues are now considered in all groups, and Morgan, Rockefeller and Gates brokers are all buying it. Mr. Rockefeller to strengthen his control, Mr. Morgan to influence the price of bonds, of which he still holds as syndi- cate mahager many millions, and Mr. Gates to cover and to go long of a stock 1h whose future he thoroughly believes. The news elements were all in favor lof the effort to advance the market. The war news was more favorable, money was so easy that It invited in- vestment in bonds or stocks and gave encouragement to speculators. Mr. Gat optimistic interview gave encouragement to the weak-kneed, the large tonnage reported by the railro and the continued good earnings hi swept away the blues from the finan- cial centre of the country. etter trade ri helped the outside public Steel and Slo strong. ‘The specialties all tantial advances, Rubber Goods was tive, and Mr. Keene was operating In . He put the common to almost a point. ‘The preferred also on small sales showed an advance. The Grangers were all strong on the grain movgment and in WHITAKER WRIGHT'S JUDGE IS MENACED Abusive Letters Sent Him Every Day and He Creates Sensa- tlon by Announolng the Faot and Warning Senders. LONDON, Jan. £1.—Tho presiding Judge at tre trial of Whitaker Wright in the King’s Bench of the High Court of Jus- tice created a sensation at the clos of th haring to-day by announcing that he had received a number of abusive letters and threatened to punish the senders if the practice were continued. Ho said that he had been daily recelv- ing anonymous communications and that he had reason to believe attempts were being made in other directions to interfere with the course of justice. He warned the guilty parties that the con- sequences were liable to be very serious for them. ‘Whitaker Wright, whose trial on the charge of fraud began June 11, left the witness box this afternoon after two- days’ cross-examination, during which the Judge was prominent as well as prosecuting counsel. ‘The latter designated as “ies several of the statements of Wright regarding various amounts, some as largo $2,600,000, appearing on the credit side of the London and Globe Corporation’s balance sheet; but, the defendant con- tended that they were merely “slips ot the tongui Wright declared that all his actions were legitimate and had been approved by. the Hoard of Directors, who li also approved of “window dressing” the balance sheets, which practice, the defendant asserted, prevailed in the city in connection ‘with all companies and banks whose business it was to make the best possible showing at the end of the financial year. KILLED BY GAS. Garry, of Harlem, Dead in His Room, T. W. Garry, thirty years old, of No, 106 West Forty-sixth street, was found dead in his room to-day, having been asphyxiated by flluminating gas. ————_———O Inattention to Teeth Dangerous, Inattention to your teeth is responsi- ble for more of your sufferings than any other cause.. Dyspepsia, Indigestion, Liver Complaint, Insomnia and most Stomach Troubles are due to improper mastication of the food. Have your teeth put in perfect condition and relieve your digestive organs of the extra work you are compelling them to do. Put a small sum into your dentist's hands and let him save you five times that amount in worry, doctors’ bills and medicines, Call’and we will be pleased to give you a free examination. We will then give you a price astonishingly low for the necessary work. Then we give a written guarantee to keep our work in perfect repair for ten years free. Every operator is a graduate dental surgeon of the high- est professional standing. To ort ods w Tr. Ww. Found sympathy with the general strength, ‘Trading was exceptionally heavy and! the demand for bonds good. The total sales-of stocks were 975,200! sharés, and of honds $5,880,000. i vleanin nates, from $5.00. Hours: - M. to 7 Mt Glored Sundays. Lady Attendants, Send for Booklet. 2.W,14unoor.oin Av. (212 Biway, cor. Eulton, 988 3d A¥.,cntr.s0th. [410 Bway, cor. Canal. 101 W.424,cor.6th Av. | Brooklyn—490 Fultoi Harlem—130 W.125th.|Boston—T94 Wash'n St New York Painless Dental Co., Inc. every careful spender. Yet consider these paragtap h field of abundant choosing i \ | iit | comprising t regular stocks. N 2lc. for What's left of that lot of in the season at $2.50, $3 and $5, goes on sale to-morrow at \ so be wise and come early. Second Floor, 601 ALL CARS TRANSFER TO BLOOMINGDALES’ Men’s and Women The women's are of patent leather, vici kid and box calf, The men's of patent leather, velour and vici kid, 1Sc. for Women’s Sic. Spring hold” Rubbers. 98c. for Boys’ and Girls’ $1.5 and $2 Shoes. sal 89c. for the Balance! “Women’s Trimmed Hats which were intended to sell earlier There may not be one left by 10 o'clock, To-Morrow, Bargain Friday! Necesssary curtailment of newspaper space prohibits a fair representation of the sale features which will make to-morrow, Bargain Friday, of vital importance to hs as economy mileston n suc !'The Clearance of Shoes To the Front with Bargain Friday Specials! The shoeing of man, woman or child can be done with the most gratifying results in this great January clearance sale, for this in’t a “job-lot” sale, you know, but a sale he best we have in certain assortments made up from lots left over from our ote these values: ’s $2, $3 Women’s 50c. “ Foot- 0 | 12c. ring heel style; vict kid box calf. | 89c th St. Section. BLOOMINGDALE BROS, jd Avenue, 59th and 60th Streets. uch merchandise as is seasonable and good, priced at figures that at once make decisive savings vividly apparent. for Children’s 48c. Croquet 39c. for In black and maroon color. a ‘gives you an illustration of the great $75,000 fur sale! Bear Sets, $5.75. not only want you to shop here to-morrow, but we in- tend to treat you so well that the first thought of shopping vil always suggest Blooming- dales’. == es and they'll lead you to a and $4 Shoes, $1. Heel Rubbers. Rubbers. Children’s and Misses’ 98c, Felt “ Jultets.” Main and Second Floors. This Item fur values which abound in this $25 Japanese Beautiful fur sets, consisting of an elegant thick, fluffy boa, 100 inches long, and handsome large pillow muff to match. Becond Floor, 60th St. Section. ALL CARS TRANSFER TO BLOOMINGDALES’ accordance with legislation. In order to get rid of the consequia ces of our acts we must make, he sald, some equitable arrangement with Pana ma, for it was not to be supposed that Colpmbia meant to submit calmly If, he argued, we fre to build a canal {n Panama, we must have the good will of Colombia, for without it the ob- stacles of disease and outlawry will be 1] infinitely increased. Senator Morgun made an appeal to the newspapers to use their utmost en- deavors to secure information concern- ing the situatlon, saying there was no probability that gny regolution would THE WOHLD: THURSDAY EVENING, JANUARY 21, 1000 MORGAN CALLS FOR PANAMA PUBLICITY Senator In Furthering His An- nexatlon BIH Hits at Roose- velt and Asks for Facts That! Are Hard to Get. WASHINGTON, Jan. 11.—Immediately after the disposal of the routine morn- ing business in the Senate to-day Sen- ator Morgan called for the reading of the bill introduced by him yesterdry providing for the annexation of anama to the United States and also for the resolution directing the resident to en- ter into treaties for the construction of a canal via the Nicaragua route. He then entered upon a formal explanation of the two measures. | Continuing, Mr. Morgan spoke of the | dimculties which the country has en-| countered In Panama, saying they are not of the country's secking, but were | due to the precipituney of the Presl-| dent of the United States | Tt was, however, impossible to undo | what had been done, and he contended that further proceedings should be in elicit new information from the execu- tive department Mr. Morgan predicted that the Prest- dent would not be able to secure future appropriations. |tells about polar explorations. LONDON STOCKS FIRM. Americans Hold Steady ‘while Russians and Japanese Harden. IWNDON, Jan, 2L—Money and dis- counts wero quict {1 the market to-day. Trading on tho Stook Exchange had a firm tendency, owing to the nosenco of adverse Far Kawtern rumors, but a tone of cautions expectation was noticeable in various departments, Conrola were ateady and closed firmer. Home Ralls wore irregular, Americans opened fairly steady at about parity while awalting dovelop- mente, and olosed quict and firm. For- iyners were quiet. Jnpanese und Rus- flan securities hardened, —————— Perhaps some day somebody will explore the North Pole. The 1904 World Almanac and Encyclopedia Price 25 cents, by mail 35 cents. Women Walking Skirts, 3,50 5 00. Value 7.50 to 12.50, Walking and Dress Suits, 7. 10.0 15.0 Value 1 WAISTS ) to 45,00, 2.25 2.50 2.75 3.00 3.50 3.75 4.50 5.00 5.50 Great Bargains in 9 Value “Indeed,” he said, “I don't believe that he wants appropriations. Tt ts better for campaign purposes_that_leg- Islation on the canal question should constet of promises only."’ GROCERIES Fine, small, green French Peas, t | 1 1c percan. Have the garden flavor. magnitude of our buying — SN, Canned Fruit. Sliced Peaches, Sliced Pineapple, Lucious Strawberries, A Ib. can of any, 10c. sealed aches and rears, deliciously palatable, can 5s 19¢ Evaporated Peaches, 1 |b. (CUCTRSe ae bepionaa 12c Evaporated Apricots, 1 |b. cartoneen eu Niai ve 13c Blue Ribbon Prunes, we'l worthy their coveted mame, 3 1-Ib. pkgs. for 28c., 1-Ib. pkg. for 10c Greening or Baldwin Apples— From Jersey orchards; a bas- 21 Oranges—Navels, from sunny Southern California and Florida: dozen, 21 35c., 29c., 25c. and...... c Fancy Messina Lemons J Bright and full of juice, doz All flavors of Fine Jellles—in 9 Mason jars, each...... Fo Liberty Jams—All kinds; Ib. jar for. . sees “Blue Ribbon’? Jams—The best ever prepared, all kinds; 1-Ib. Comb Honey—The busiest bees can muke no better; in glass sec- tions; per section. 19¢ at View" Tomatoes—A Butler Brand that is more than pop- ular; 3 cans for,...... r 25c 9c} Closing Out Sale. in fine imported Vestings, black and colored Flannels, Cashmeres and Brilliantines Hache farnarlelo. Broadway and 13th Street. STOCKS DULL ON THE CURB, i | Prices Irregular, with Seaboard % Line Showing Slight Gain, Dealtngs on the curb were irrogulat to-day, with trading dull. ‘The Seaboard Air Line ixsues were up fractionally, | Whilo the bonds advanced 1 point. Int | terborcugh Rapid ‘Transit was bid down points, to 105, wit! The Wd und asked prices o otpal outalde securities were: Benboard Atr Seaboard Air Line pf. ’s Dept. Rain and Storm Coats, 10 Vor Value 15.00 to 27.00. Cloth and Velour Coats, 5, 8.5" 15. Value 12.50 to 45.00, 8 a, 4.50 4.98 Furs and Sweaters, ee STORES EVERYWHERE 18 RETAIL BRANCHES. Only at the James Butler Stores Can You Buy 336 Lbs. of Granulated Sugar for 15¢ Only at these Stores cam you buy | Finest, Jersey | ‘Essie’ Tomatoes, | at 10 per can. Red ripe, hand packed. You know that these prices are from 10 to 33% per cent less than others charge, the result of the Haack: ' With 118 busy stores to supply, it is no wonder that producers offer us extraordinary price ns to secure our orders—and as our policy calls for the greatest good to the greatest number, all the advan- tages we secure are promptly shared with our public. More pertinent hintings of striking economies follow: Canned _ Vegetables. I can Fancy Early The 3 June Pea: | 5 I can Fine Sweet | 106) Corn. Tomatoes 5 “East View’’ Peas— In the same high | class as the tomatoes; 3 cans 25) | : Cc for.. Essie” stands | here can be: “Hitman Let “East View" Lima Beans—Next in doer ators $0 25c} 10c| Fisher's Lima Beans—Are wellliked; a 2-Ib. can for.... | for best—and oniy one best | Sultana Ralsins—One of the] meatiest of the seedless; 42 | c 25c) 19¢) \ as the} Worcestershire ; ints 10c Ketchup, made from the ted tomato: pints, 15c.; % pints eee 8c Imported Olive Oil, pure; pints, 35¢.; *, pints, 21c Essie’? Sardines, plump and simply the best, in mustard, a can 4 () for | | Best Carolina Head Rice, 3 Ib. linen bag for... “Peerless"’ Beef Extract, full strength and palatable, jar «*Peerless’’ Sauce, as tine best 1 ‘*Peerl best sel pints, {Best New York State Full Cream Cheese, aver, 1 3c] Crackers. Take the edge off the between meals appetite with these toothsome dainties : Fig Newtons, Fruit Crackers, Graham Wafers, Fancy Mixtures, A pound of any 0) Aen) stl Choice, Juicy Picnic Hams, 4 at 8c pound. Closely trimmed, properly cured. iouenenatiaetnaecightiesiletaaanane Tea and Coffee. Unsurpassed Butler Brands. 3 \ Best a ibrisersi FOC Coffee; Ib.,18¢c.; 3 Ibs. Best No, | Teas,all kinds ; 3 Ibs... re 3 cans of excellent Imported Sardines ure oilfor. 25c Cider and White Wine Vin- egar, a boitl: for ioe Yellow and White Meal, 5-ib, linen bag for... EOS Triumph’? Oats—A healthful food if ever there was one 40. package im i Cc 8 Power. A pleasing, be food; package. “Peerless” Buckwheat— Ib. package : 10c “Triumph”? Buckwhea' equals it at the price, package. . Plain Buckwheat—}-lb. linen 13¢ bay Golden Drip Syrup_Fineand Be pure, quart.... ie = 12¢ x R Straight from Jersey’s “Blue Ribbon’ in visture each “Blue Ribbon” Pr and Ch Salt—Won't cake, proof cartons, & A ic Shoe Dressing— J Women’ bottle,