The evening world. Newspaper, August 5, 1904, Page 12

fad PAYS $2,000,000 i umn FOR 1 FOR LOSI TIP This Re sass Som « Sum to the Friends ' Had Induced’ to Invest in the ‘Fated Shipbuilding Trust on His ” Belief That it was a Sate Risk, ae} GRaries Mi Schwad, millionaire ste! magnate and organizer of the as ‘Pialted Mates Shipdulldins duddie, got back trom Europe to-day on the! t “To an Bvening World reporter who met him on the White Star line Mr. Schwad confirmed the report that out of his private fortune he fae deen making good the losses his personal friends incurred by, the col- sit ~ “T have already paid out to my friends $2,000,000 of my own money,” eA hemi, “for I felt that I should bear the responsibility of their unfortu- br, Mite whdertakings and therofore voluntarily turned over to thom bial _ * Gmount of my persoua! money.” * | My, Gehwab said that he had been in Germany examining a new armor * glinte that had been manufactured at the Krupp plant in Germany, , “But they are not abead of us on the other side,” sala the formes President of the Stee! Trust, “oltbor in the manufacture of armor plate or any other steel projuct. Of course, it is wise to keep in constant touch ‘with the mBnafactories of the world. 2 AMARICA KBEPS TO THE FRONT, ° “The American people may feel confident that we need not 0 abroad) fae Sens.” « , At the pler Mr. Schwab was mot by bis aged father and they drove to edetioon ‘at the Waldorf. Mr. Schwab will go to Pittaburg this afternoon, | nd later in tho year he will go abroad to Inspect the progress of the butld. fig of @ 100 horse-power automobile that he has ordered from the Charron! eetory tn France. Mead been Mr. Schwab's intention to bring over with him on the Baltic | Sme-dig touring cars that he purchased in Germany, but as sume alterations * all to be made in the gear of the machines he could not watt for “hem, Le \ former Steel President appeared to be in splendid health, On the ay sorces he refereed athletic contests held on the deck of the Baltic. x The great steamship had & stormy passage for the firet few days out, b, ‘ Det during the latter part of the voyage she had calm weather. It was the ij Second westward run, She made the trip in 7 days 14 hours 25 BANK AUN QUE {SUGAR THE LEADER TO STRIKE SPITE} IN STOCK MARKET _ “Report Started that Drovers’ /Gathering Strength, it Shows ~ Trust and Savings of Chicago) the Way in Rising Market and Had Cashed Pay Checks of} Holds Attention Until the the Strike Breakers. Close of Trading, fn frregular and dull opening | tocks became strong and taave| round th Way session, then | of and closed quiet, but at the, prices of the day. The feature of the market was the speculation in Sugar, which rose 23-6 points, on good sales, and closed strong. St, Pau) was also wel! supported and| howed a gain of 11-8 per cent., selling | at 148 1-8, St, Louis and San Francisco second Prefered was up 17-8 pointe at 581-2, Union Pacific was active and figured at 3-3, an advanve of 8-4. Heopl gained 11-2 and Pennsylvania 8-4, Metropolitan and Brooklyn Rapid | Transit were neglected, but on a few CHICAGO, Aug. S—Hundreds of and others to-day thronged y the Drovers’: Trust and Savings near the main é@ntrance of the tock yards, and withdrew deposits, Whether large or small, The unusual Steno attracted @ large crowd, vet all f Manner of rumors in circulation, and a.) @reated a general run on the institution, , ‘The strikers’ action was taken in Petaliation for the alleged action of one h* of the mocking firms, Libby, McNeill & * Liboy, in making the bank an adjunct ) * t their pay department. On Wednes- @ay, it le said, Edward Tilden, a direct- or of the company, led strike breakers 5 $0) the bank in order that they might * Be paid off in cash instead of having 10 experience the emoarras: ts growing out Of the vackers’ eystem of | TRMMCtIONS remained steady, The Bteel Dayhig in checks. stocks were also quiet and figured bid tionally jowor, he Erie issues were firm all da: and closed with fractional ga! . The bond market was k no material change \n pric ature, e total sales of stocks to-day were 41,80) shares, and of bonds 1600000. | Long before the bank doors opened, /“pamors were in circulation thar the Strikers would start a sun on the inati- fution In retaativn, usu when me hoar | $F the cructal test came the strikers were far outnumbered by apprehensive Persons having no interest in the lator controvel yet al} anxious to secure! the mon | net cha A double line extending into the street! oF frum Breeted the bank oimciais, Without pro-! Meet of eXplaiucion (ne officials douoled (he force vl pays veilers and une ad withara 5 Quotations. om eat, clomine peices and fiat recorded alee ate‘ae fiea High. tow The Drovers isust and Savings Ba) {9 locate in tae a ene eet & the HS 3! ay aint R] ut uy | te '¢ WOrkineds adou + $ Yards and pays § per conc. inierest ily uty + % their savings. At opened its dours iy ee 4 ana its iast report, June wy, 22 2 % shows resources and ‘liabilities Me 7 +14) tang (0 $1,885,buy, a8 Bus 8 bo trun in the u ae G4 + % caused the run,” VicerPrestt ao owe $18] aie A. ‘Thien, of tne bank 13S JMS + & 1 Gilden, ie o ther of th Teak lag * S| y director. aga. sgfu Nas rected _— To ‘ey ‘et $ are simply ineeting the situa- aH 4a © tion ve, Paying without question or ar- ay og + $ all deposivors Why wis to wine my aig — @] raw their money. That ie ull 1 cars ty ne te, er officers of the Trust and Bank are William H esident: Charles 3 iri Het, and Willlam C. Cummings, & ee is Met ri the Drovers’ De; Aly sa which William A tides Vice-Presi+ of the Trus; and Savings Ban«, is ¥ SE at the bank was in- this af.ernoon to indie the increasing crowd wiien a: ' 4 it hour extended in a line 20 feet RY - u i | Decline Advance. SHIPPING NEWS, — | 4. GUESTS int mY USING “World | PORT OF NEW York Wants.” During the - Months of June and duly The World > printed 13,446 sepa- Fate Summer Resort “advts.. The second hest New York |; newspaper con- | t ARRIVED. | Arkadia San AG Halle, Gibraltar ) BE) Dia, Galveston. Apache. OUTGOING STEAMSHIPS D, Ia k oaviile, Cottle Livereeeee Hein ton. Nerfote. 8,995. The | Alene, Hav Biruingnam, Vead, 4,481,.| Flominene Rot ne ‘randy, Brune: Iroquois, Chariton Raldat, Brasil | owe of thn Shipbatsing Trt | THE WORLD: Fn. woe) PUBLIC BATHS IN FORTY-FIRST STREET, DEILAY IN OPENING WHICH HAS ANGERED CITIZENS. FA TIE 4 | ANGRY AT DELAY OF PUBLIC BATHS West Side Citizens Complaining Because Those Started West Forty-first Street Have Not Been Completed. The working people on the west side tn the district composed of the streets of the Forties, Fifties and Sixties and from Eighth avenue to the North River, are complaining bitterly over the fact that the public baths aterted two years ago at Nos, M7 and MC West Forty-first street are not yet comploted. Their comments on the officinis, whom they say are responsible for this, the not “as sweet as honey.” It appears that the same «ame has becn played with the residents of the locality for whore benefit the baths are intended that the public generally of New York have had to suffer with | regard to tho opening of the subway. Promiser Made and Broken, The promise was made by somebody that carly this spring the bathe would be opened; then June was set, then July, and now It is August and the doors of the public necessity are stil! closed, The public bave been led along fer more na year by the subway contrnetors and managers In a similor manner, and still the subway ts closed. The months In which the baths would have been mort enjoyed have practicaily | passed for this year, To all appear- ances the bath structure {s complete in every detail and sppointment inetde and out, but when the residents of tho | nelghtorhoot ‘who kope sometiine to | beneft by the baths inquired why they | | wero not opened ty the public they rr ceived no end of excuses. Some lim berman had failed in bis contract, Again ft Was impossible to got suMMctent mar | t : mi? PyBLIC BATHS ¢ OF THE td SAVOPB: pramaa bere aes W YORK es STL AY sige oo ble; a shortage of marble was reported from Vermont, “Pretty soon they will be tolling us ‘ald one workingman in a letter to ‘The Evening World, “that they can't ope the baths because there is ice at the North Pole, That would be about 4 reasonable as ansthing else. Borough President Ahearn ation wishes to sun all re for the bathe not having be ni at least, President Ahearn himself do Blames It on Mayor Low. Mr, Ahearn's sesretary, Mr, Downing speaking for bia tod: srld thom |baths ought to have been opened long ago, Dut We are not ab aul. We have hud to atand by the contewots inade by the preceding administration, and the ta ea with the contractors. A con a was ma , ter the wate an kind « new bullding that w the con Fitth a ynes inh charge of at work, wot the machine in, but it woo tearry tue water far enough, wi tt they have been nOUgD, e 1 can't bat wat old Croion i‘) put M some in the bath wa VENEZUELA GETS NOTICE TO LET GO United States Enters a Strong Protest Against the Seizure| of Asphalt Mines Held by American Company. WASHINGTON, Aug, 5-—Mintster Bowen haa cabled the State Depart- ment thet he ian lodged a strong pro-) test with President Castro against ine action of the Government In seizing the asphalt mines belonging to the New | York and Bermudes Company, | The receiver of the Government ts tald to be supported by two Veéneaue- | lan warships in his occupation of the company's property Through unofficial sources it ts learned that President Castro's action | in the matter of the asphalt compan has been long considered. Tt ta tn mated that when in the midst of his last desperate struggle with the rebels) | Castro made promises to certain per- suns and corporatt in return for| heir support fivanc y in his contest, | re said to Involve, se people of concer | w the posession of fons, te be a South American ver violated a prontise, and the prevent proceedi 0 the | aispivalt mines are, it is hinted, an outs Krowth of ane of these promises. | It is doubted whether Mr, Bowen's protest will be effective at this | but the State Department ts not aI pored to move In a a hurry and is await. arrival by m r ing the 1 of the det reports from Mr It must be made there hue beer a mikearsute of fustice In the ela Supreme C fore a #68 suffered the New York and Bermudes Aspha Company There are severst legal points involved In thie case, and unth the Depariment 4 supplied with a copy of tho conces: sion usder which the asphalt company is working and ha beea rellably ade 1am io whether or sot the ecrmpony rrted out all of Ite obligations jer that concession Httle ean be di restoring the company's prop. —— IOWA LEAVES PALEWMO, PALERMO, Sicily, Aug. &—The United Séeites bavtie-ship bows jeft here last night for Gibraltar, Two men were left at the SS . ya nde B eegeen’' Hospital ay eee SR et eee FA sr TOWN | AND MANY INJURED Homes of Half the German Community of Illsfeld Wiped Out and Residents Caught Under Falling Walls. HEILBRONN, Wurtemberg, Aug. &— Chree hundred and ten houses out of @ total of 50 at Illsfeld have been de: stroyed by fire, There were few fatall- thes, but many persons were injured by falling “walls while engaged in the work of re: ee THE WHEAT MARKET, ‘The local wheat market opened active and irregular to-day but later became steady and advanced 1-2 a cent, Liver | pool cables were 15-8 of a cent higher The pit belleves that after the violent market of yesterday, with its heavy re- duction of short Interest, it would r | quire some pretty good bull news to maintain prites. New York's opening prices were Wheat-May, 1081-4; September. 1013-4; December, 1015-8 Corn—06 1-8, Chicago's opening prices were: Wheat —May, 91-4 to 83-4; mber, vt lez to 963-4 (old, 981-2 to % 1-4); December, 14 to HHA y, M28 to September, 625-3 mber, 1-4 to New York's closing prices were Wheat=September, 1013-4; December, ; May, 1011-4. Corn—Soptem- December, 8 1-4 ST 14 Chicago's closing prices were: Wheat ber —September, 975-8 to MI4, old 9 3-4; December, May, 9838 Corn Aumust, 625-8: September, 821-8 to 52 1-4 43 1-8, December, 483-4 bid; May. 4 to oo THE COTTON MARKET, local cotton market opexed frm to-day, with the bull crowd much In evidence, Prices’ were. from $ ta 11 potnta higher than th sterdavs close, The market was also he ped somewhat by “Liverpool cables, ihut market showing @ full response to .he local nce of veaterday. “A moderate reaction occurred after tf he call, due :o the fact that small holders started to it for profits, but soon quieted do vn a pecame firm, ya's opening p pt is ake 0M to By The Te, 48 to Ate comes unal ood, 4 can say this mucus borty-nrat run tne will end ail the vic will have Ww President will try opened next week. re being * VENING, AUGUS: ., th All this a shortage of (* that is tommy-| mM 000,000 IN London Neede ton Money and New) York Has a Glut, So There Is Profit in Shipping the Yellow Metal. The National City Bank will ship $.- 500,000 gold to London by next Tues- day's steamers, The gold has sot yet been engaged at the Sul-Treasury, but the manager of the foreign exchange of the bank says that it will be at once, In addition to the above the National aBnk of Commerce engaged $1,500,000 gold coin at the Sub-Treasury for shipment to Cuba, This Is on account of the $10,000,000 advanced by Speyer and Company in the $45,000,000 loan to the Cuban Government, It is understood that the $10,000,000 paid by Speyer and Company to the representative of the Cuban Govern- ment will be shipped to Havana in three or four instalments covering @ period of that many weeks, From %,- 000,000 to $7,000,000 dollars will be sent in gold, the balance, probably, in cur- rency, In Wall atreet this Is accepted as a sign of the times as well as of the money market, Other shioments are predicted, and engagements of money for shinment, which have been talked about for some time past, may now be expected. “L hove been in the street for the past twenty-two vears,” sald one bank- er, “and I have never seen the time when money was eolng beeing as it {s at present, Usually we jump at money at 4 ver cent. running into Janu- ary, and now there Is a whole lot of it at three and a quarter which ts not wanted, Firms that usually borrow two to four million a week are now using five hundred thousand, and It ts yy to eet at that. ‘he reason for It all {* that foretgn houres find that they can lend their money to a better advantage at home than they can In this market. It is an entirely unusual state of affairs, I would be loath to say that the market for console hae anything at all to do with the shipments to London. It ts simply a fact that rates now have be-| come = favor: that ft Is a better) proposition to ship gold than to go into the market and buy bills. “It is merely an exchange transac- “The market is abso- {bills and rates are such We are really a debtor nation at present’ jand conditions warrant this action.” ae | At the United States Assay Office {t lutely bare that {t Is better to ship the gold ready | was said that the shipment can be had taat t Moutea | {n bare if wanted, rounle, | belong ut it is entirely t will be made in coin, The! | payment ne Panama Canal purchasa | money was to some extent made in coin on account of the tack cf bars. In lthe Assay Office, It fs sald now tha nere is a supply of bar gold Samcient j to meet the demands. likely ¢ ENGLAND INSISTS: ol. Younghusband, of British Expedition to Thibet, Says that Treaty Must Be Signed in Lhassa, CHAKSAM FERRY, Thibet, via Gyangtse, Thursday, Aug. 4 (delayed in transrission).—The greater portion of the British expedition has successfully crossed the Brahmapootra, The vil- lagere are Inclined to be friendly and there are no signs of an armed force to Oppose the advance on Lhassa, Col. Younghusband, the British Politi- cal Agent, bas had two interviews with the Peace Delegates, among whom Is the Grand Chamberlain. The latter pleaded with Younghusband not to pro- ceed, as the Dalai Lama might die of the shock to his religious feelings If the British entered the Holy City. Younghusband replied that the treaty must be signed at Lhassa, but he prom- ‘sed that the troops would not enter the monasteries unless fired on there- from, SULTAN FAILS TO (HP PROMISES No Satisfactory Reply Received by Minister Leishman Touch- ing Rights of American Citi- zens in Turkey. WASHINGTON, Atig. 6.—Min'ster Leishman has notified the State De. partment from Constantinople that has fatled to receive the expected satls- factory reply from the Sultan touching the rights of American citisens in Turkey. While the negotiations will continu it is possible that the American battle hands in duct of these negotiations —— YOUNG CLERK STEALS $250. George M. Griswold, twenty-one years jold, of No, 378 Forest avenue, Jersey City, a clerk for the Mansfield Giass Company at No. 18 Spruce street, was arrested to-day charged with the theft of $20 from the petty cash account of the firm. Griswold was tn charge of the matl- ine department and dre won the ca: nt for money for stamps which he et “id nlended entity in the Centra Str eet Court and was held In $1,500 bail nd Jury ne NO BONDS 70 sel: GOLD D COM OUT ON HUMOLING LAMA | PRINTER TER SEHD this Is as tell Complaint of Mr. Fornes — Improvement for Staten Island Transit Getting Into Shape. Acting Mayor Fornes stated to-dagl that he could not sign any more bondm owing to the fact that he had none te sign. “I expected to sign about a thoue sand to-day,” he said, “but the pristes has not sent me any; he is behind o8 his work and the signature of the bonds must walt his pleasure," In referring to the city-Staten Islin@ ferry deal the Acting Mayor sald that & satisfactory agreement had beem reached between the city and the ferry people. ‘The city had offered,’ he said, ‘$500,000 for the plant of the Staten Island Rapid Transit Company at Bt. George and the company wanted $40,000 more than that amoun\ ond we have compromised on the $51. 000, the company giving us eight addle tlonal lots at St. George not include@ in the original agreement. These lows will enable the city to have @ more commodious terminal at St, George. expect to sign tie contri on del of the city within a few day: ot & Week-End Negligee Shirt —Special — $1.50 Shirts now $1.15, $2.00 Shirts now $1.38, All are Manhattan brand Our $2.50 Shirts are $2,00 H,, C, & Co.'s special make, Hackett, Carhart & Co, Three Cor. 43th St BROADWAY | Cor. Canal St. Stores. Neat Chambers, ws Sunday World Wants Work Monday Morning Wonders, . sticks ever sawed, * Festival Hall. * ernment Building. Number Nine in the New York World’s series of splendid color re- productions of the Biedermann World’s Fair Paintings will be presented FREE to | every Sunday World reader next Sunday. This picture is a beautiful: presentation of one of the oddest buildings ever constructed. DESCRIPTION. In this interesting corner of the “Plateau of States” at the Louisiana Purchase Exposition the most unique structure is that built by Washing- ton. It has the proportions of an Indian tepee and Is five stories high, supported by solid outside timbers, each 100 feet long, the largest single At the extreme left of the painting is seen a part of the Michigan Building; beyond that is the dome on the Texas Building, built in the form of a five-point star; still further back Is the Kentucky Building, andvin the extreme distance may be seen the top of * * Looking past the entrance to the Washington Building one may see the tower on Germany's National Pavilion, Schloss Charlottenburg. On the right, in the distance, is the United States Gov- Order The Sunday World in Advance from Your Newsdealer.