The evening world. Newspaper, January 3, 1914, Page 4

Retiring at Eighty-one, H. L. Peston Advises Young Men |b to Settle in Small Town. LY MILLIONAIRE. Rock of Finance Since Before the Civil War—-Simple Life for Him Now. When it became known that H. 1. Morton, familiarly called “Uncle Harry" Ry Wau otreet for the last thirty yeara, @t last actually retired there were Fegrete expressed by big and Mill9 men in the financial district, for Re wan in financial life had more en- Mimbelf there than the head of Qrokerage firm of H. L. Horton & bing had been in that position ef the first millionaires in the Wome days that followed the Civil War, @f one of the most solid firms in ppl loves to visit. He is as welcome May day. Horton wanted to retire three ego but asoclates refuned to it, Yesterday he announced that was itrevocable, and to his Russell G. Colt, F. W. An- ©. B. Mears, L. T. Watson, he @resly the use of his name in the Mere than an hour he talked ef hie life and Wall street. TO VOUNG MEN BASED ON EXPERIENCE. Harry" has well opinions. @re some extracts from them: bring their Up to believe themeesives poor. wealthy sone become effi- @lerka before allowing them to countenance and with a well shaped nose, a always ready to shape = gronotinced chin, The lines ere not deeply graven, as eigen in @ person of eighty- NOW AB AN AVERAGE MAN OF FIFTY. ‘ ly Mr. Horton is as strong average man of fifty and even @how no signs of nervous- | Mile eyes and ears are an good fever they were and though he ome extra fiesh he is as ac- es tormerty. ave seen tundreds, even thou- of men that I looked up to when came to New York, sink down down until they totally disap- “ said Mr. Horton in speaking fall Gtreet. “It g men, and the ‘Way to beat it is to be afraid of than anything else. Minus Retired Financier as He Appears With His Favorite Companions Wall Street it would take the United Staten a thousand yours to accomplish what has been done in the past fifty. “Tho Street in great, but"—his eyes twiukied—"‘my greatest cause for thank- fulness is that I've always been able to meet my obligations and have never been put in jail. The greatest pleasure I've had han been in watching the Browth of prosperity and power of our country, If I had time I could tell you Of thousands of incidents connected @ Inner life of the Street—of for- icked up in short order and lost in a few seconds, of men made rich whim., But that WALL STREET BLAMED FCR AL. MO8T EVERYTHING. “I think the present changes in finance are good, though I have not studied the currency bill, President Wil- fon is @ great man, and {f he doce not attempt to destroy confidence in big business this country will remain pros- Dperous. “It has always been that way. The People of the country have alwaya been Prone to blame Wall street for things caused by other agencies, Wall streot fg bad on individuals, but Jt's great for the nation, A rash man has no busi- neas there, Attribute whatever success I have had to my cowardice, I have always feared to wade in eo deep that it was difficult to wade out. “If I could say anything to the people I would advise them to give the rail- roads a chance, I believe in intelligent Government supervision, but I would al- low the railroads to make a fair living, ‘The railroads are the builders of Amer- tea, “Mr. Horton gave up business in 1886 and went to Europe with his wife, where he was presented at the English Court and entertained at many English houses, He returned to the United States five years later and again en- tered business, Hin regard for titled visitors to this country is not high, tak- Ing them as a whole, HELL DEVOTE HIS LIFE SIMPLE PLEASURES. He was born in Bradford County, Pa, — on July entered busines: waukee in 1856, ried, firat to Miss Nellie Breed of Mil- waukee, ‘and ome time after her death to Miss Sara Patten of New York, Both his sons are dead, but two @aughters, Mra, Blanche Hutton and Mrs. Grace Lockwood, are alive and live in adjoining houses on Fifty-sev- enth atreets His ten-year-old grandson, on of Mrs. Hutton, is one of his favor- TO twice mar- ET STOMACH, COSTIVE, BLIOUS, ites, ja hie son's son, Harry Horton, who Is twenty-wix. ‘Mr. Horton is a member of the Mai hattan Club, the Union League Club, Lawyers’ Club, New York Athletic Club and Riding Club, His favorite dive: sions wimming and riding, though last year he bought bis first automo bile and dispo of most of hin sta- ble. des hat the remainder of hin life will be devoted to simple please ures and to his friends, YOUTH ARRESTED IN FLAT AS ACTIVE SILK BURGLAR Bolt of Silk and Ten Dresses Traced to Him—Owned Rare Old- Fashioned Jimmie. Isaac Feuer, @ youth of twenty-one, who has a fiat at No. 1 Avenue C, was arrested there to-day and locked up in the Clinton street station charged with burglary. In his apartment Detectives Mundo and Shine found a eatchel in which were a pipe cutter, @ heavy wrench, @ small jimmy and an old- fashioned sectional jimmy in three pieces, one of the type, the detectives wald, which had been popular among burglars years ago, though it was rare to find one now, The detectives were led to Fouer's home by elghteen-year-old Anna Fur- man, who lives with her father, Ben- Jamin, a tailor, at No, 174 Delancey street, On Tuesday night Abraham Stern, a manufacturer of wllk dresses at No, 158 Clinton street, robbed of about $2,500 worth of bolt silk and ten silk dresses, the latter worth $100 each. Mundo and Shine were assigned to the case, and yesterday Stern told them he had heard that a vaudeville actress, now playing in Newark, N. J., had bought six of the dreases for $3, The Newark police found the young who sald she had bought the *) dresses from Furman, who told the de- tectives he had bought the dresses, but Was afrald to take the detectives to the man who eold them to him, It wes then that his daughter volunteered rather woman, than have her father suspected. According to the police, Feuer has a record and was sent to El for picking pockets. He wi with burg! also for receiving stolen goods. NEW YORK HAS 132,000 AUTOS ALBANY, J piled May, it 18 shown that New Yorw Stal y and Furman was held by Gecretary of State Mitchell NO POLICE UPHEAVAL; WHEELS TURN EASILY: NOTHING “WIDE OPEN” Known There Will Be No “Loosening Up.” day, Commissioner McKay wae in full wing of command at Headquarters, George Dougherty, the Detective Bureau head, was at work on some interesting recent mysteries. Bureau heads and equad commanders had been restored to thetr old posta. It was reported in police ciecies that Commissioner McKay had discovered in & tour of the west side from Fourteenth atreet to One Hundredth atrest laat nd rly to-day unmistakabie that gambling house keepers were preparing to take a chance and open up. It wan eeported further that uniformed policemen had been stationed at four places at least which have been closed for months recently but bear the appearance just now of being ready for busin ‘The Commissioner, was asked about this We admitted that he had mad Jong and thorough inspecion of the Third and Fourth Inapection Districts, but refused to discuss conditions as he found them. “All I have to say,” he remarked, “te this, If gambling houne keepers or disorderly house keepera try to open up they will find New York a decided- ly unhealthy and unpleasant commu- nity @o far as they are concerned.” Apparently a number of gamblers, fig- uring on a big shake-up at Police Head- quarters on the first of the year, hi arranged to do business for a time at In handling this situation Com- the special a Waldo, and he has the same men at work who closed up so many gambling houses during the last administration. Commiastoner McKay has abolished one of Commissioner Waldo's rules. Mr. Waldo would never allow himself to be directly quoted unlei he pressly stated that quotations be used. Commissioner McKay sn- nounced to-day that when he had any- thing to make public he would take the responsibility of launching it ;er- wonally, The commissioner and Mayor Mitchel are in thorough accord on many matt of police policy, , But Mayor Mitchel has said that he intends to proceed slow!: in the Police Hepartment. “There will be no changes for the 4 the commissioner to-day. are now chiefly concerned in a quiet and thorough enforcement of the McKay, at the Helm, Makes| An atmosphere of peace and tranquil. | ity tented on the Police Department to- | WAL 7 Northern Pacitio | Permavivania Reading . 6 Bouthern Pacitie |] 20 Union Pacific . GU. 8. Btee 7U. 8, Steel pt «Market Closing—When traders tried | to cover stocks sold short in the second hour the market rallied further and eome issuen reached higher prices than Prevatied at the close of Friday, al- though Steel, Reading and Union Pacific aid not rally as high as the opening level and showed losses at the close, Those whose bullish attitude te not based on trivial considerations but on fundamentals expressed the view that it would be best if the bankers gave all their attention to banking and let the radiroada be run by their owners. Total sales, 197,890 shares, Opening was dull, with no changes of importance, but encouraged by @ com- plete ‘k of bulli#h interest bear: tacked market shortly after opening and prices declined easily. There was « dairly large volume of activity on the decline, but it was all of rofessional origin, and outside of the few issues on which {t was contracted the dectines in prices were ematl. Betrs continued to make use of the argument that withdrawal of banking in- terests from boards of dirgctora would alve rise to a great deal of confusion, but this view did not prevail in nome highly conservative quarters. ‘The belief of thone best informed that action of members of the Morgan house Was very judicious. Reading was the weakest feature, declining to 1661-2, or 17-8 welow Fri- day's close; Union Pacific lost 1 1-2 to 163 1-2 and Steel 1 point to 57 1-2, On decline in firat hour a number of loss orders were caught and some traders said that was the object of the selling. ‘The bear attack was in many places believed to have originated in Central lost @ point to 89 7-8, port was met at the lower price and the leading issues showing resistance to the selling, and offerings were well taken, causing @ slight rally Nabliity clause of the currency law, United Raliways & Electrie Co. regu- lar quarteriy dividend of 1 per cent., payable Jan, 15 to atook of record Jan. | United states Government estimates | Production of bilater and lake copper jin United States during 1913 at 20,000,000 pounds lee than in 1812, at average price of about 168-10 cents per pound output vale ie about $18,000,000 lees than pre- | vious year, | Interborough Rapid Transit sarnings In December showed gain of about §74,- 00. For $ monthe gross income in- creamed $25,000. Tt ie extimated that the borough bonds hae deposed of all bu! & trifle over $1,000,000 of the iseue. ae NEW YORK COTTON MARKET. exports of 1912 to new Io! lower prices. ‘The lat recover the early low, but final prives were 2 to 8 points below yesterday's final, MARKET. Fritay'e Pihveed May 87H. ; July oral Friday's = @sigss May Sass 6-8 higher for both active months, Corn showed a opening 1-8 lowerM@PMeclining about 6 on pressure and light demand. Fin: closing. en CONSOLIDATED Under large trading prices gave way sharply in to-day's early dealin, the Consolidated Stock Exchange. The market in Steel on the decline was par- ticularly road. Commission houses handled some big orders in that stock. 7-8, 600 shares at 57 3-4 and 800 res at 57 5-8, all apparently one order. The/Mexican situation and the action of J. P, Morgan & Co. in re- Mnquishing various corporation direc- torships were both referred to on the up to 3-4 of a point in Reading, 1 point in Canadian Pacific and the same in American Telephone stock. Trading fell away in the lust tour law." POLICEMAN BEATS BRONX BAD MAN SCIENTIFICALLY ry r Not, However, Until Collins Had]; in Left Trail of Ruin in . His Path. t Patrick Collins of No. 437 East One Hundred and Fifty-first atreet, steam ‘fitter, who is sald to be the ter- ror of the Bronx, strolled down Third avenue last night apparently peaceful. At One Hundred and Forty-ninth street, however, whose appearance displeased him, He kicked him a while and then began kicking over peanut stands and doot- every one within reach, Collins left a trail of ruin behind him to a lunchroom in the Keith Bronx Theatre Building at Melrose avenue and One Hundred and Fiftieth street, He entered there, and noticing Max Schall- er, a little clerk in Lebanon Hospital, seated at a table he threw @ few plates at him, Schaller tried to defend himself and Collins wrecked the restaurant, smash- ing tables, chaire and glassware, Vo- Heeman Penz of the Morrisania station was called, and Collins made for him, Then Peng gave an exhibition of the scientific way to handle a bad man. He knocked Collins down and then picked him up just to knock him down again. By thé time two other policemen ar- rived Peng had the bad man aa docile as a child. Magistrate McQuade held him to-day in $1,200 bail for examina- tion Monday in the Morrisania Court. Schaller charged him with assault and Penz found a elungshot in “ pocket. oT Bank Reserve 912,1 80,560. ‘The statement of the actual condition of Clearing House banks and trust companies for the k (five days) shows that they hold 612,189,660 reserve in excess of legal requirements. This @ die |}: he noticed a youth | Mo. feel knocked the young man down, beat and | 5 black chairs, varying tnis by assaulting ek on the rally and market became dull, ‘The Closing Quotations. ‘The following were the highest, lowest and last prices of stocks for today and the net changes compared with yesterday's closing prices: PTET beexbau' eReegeercus SPE LE PEE SEECTE TF SaRSEDEW ESS! ITEMS FOR INVESTORS. VW. 8, Rubber Co. regular quarterly Aividerd of 1 1-2 per cent. on common stock, 2 per cent, on first, preferred, and 1 2-2 per cent. secon] preferred stocks payable Jan. 31 to stock of re- cord, Jan. 16. December sales of Sears, Co. show an {ncrease of 21-25 over Dec., 1912, Robuck & per cent. Failures this week were 381, against 289 last week, and 313 a year ago, Government mates exports for year, at $2,497,000,000 and Imports at $1,- 766,000,000, excess of exports highest on record. Gwift & Co, stockholders’ approve issue of & per cent, %-year bonds, Lémit of 960,000,000 placed on issue. ie an increase of $2,816,800 from last week. J. P. Morgan eaye he intends to re- main director of Steel corporation, but FOR DANDRUFF, FALLING HAIR OR floor as responsible for the selling movement in the general mar! Prices at 9:30 o'clock opening call re- flected irregularity compared with Fri- Gay's closing quotations, but there were More declines than advances, donlings, after the call, one of the particularly weak It was dealt in on a large sci failed to sell under 166 5-8 on t {| solidated, when it touched 166 1-2 on the Union Pa- cific, on the other hand, touched a low New York Stock Exchange. level of 153 3-8, when {t was quoted at 153 1-2 on the other board, Amalgamated Copper changed hands ‘on the opening call at 73 1-4, which was its highest and compared with a subse- quent high on the exchange of 73. It later got down to 71 7-8, against an early low on the New York Stock Exchange of 72 1-8, Five hundred shares changed % | hands in one block at 72 1-8 on the de- SUIT SHOWS NEW k NEW HAVEN ‘ITCHED AND BURNED. OWNS WESTCHESTER LINE| Three Times, Natural Size, | Rept Action ts to Recover From Former Owners of Old Portchester Railroad Company. (®pectal to The banking syndicate which has been marketing 999,000,000-6 per cent. Inter- Cotton a all Vaited a porte is 120,000 bales lem than a year ago and 291,000 bales behind those (Market opened little lower and on heavy selling of July that month broke levels, while May touched previous low of season. Spot houses appeared to be good buyers under the 12 cent level and spinners are thought to ®e eager to procure cotton et the 1 to pointe from! ee CHICAGO WHEAT AND CORN AT. omy a ear 4 Wheat opened 14 to 1-2 cent higher and held steady all morning, closing eak tendency after prices were 84 to 1@ below Friday's STOCK EXCHANGE One firm sold 500 shares of Steel at In the Reading was 4 pelt two hours until three doses are ‘World,) WHITE PLAING, Ny Jan. 3.—Pa- pers were filed: in the Westohester Coun- it | ty Clerk's office to~tay in @ suit brought by the New York, Westchester and Bos- ton Ratiroad Company against Willam C, Gotshal of New York City which states that the New Haven Ratiroad Awake at Night. Could Not Put Stockings On or Let Clothing Come Near It. Bought Cuticura Soapand Ointmentand was Cured. 216 Himrod 8t., Brooklyn; N. Y—"Fer few months my mother was an inflamed leg which started at the and went as farjas the knee. It was three Company te the sole owner of all the| ing atock of the ‘Westchester road. Gotshal! and J. Horave Harding at one time 1908 owned all of the out- etanding stock that had deen issued of the Portchester Railroad Company. Oakleigh Thorne and Marston J. Perry, acting as agents for the New Haven Railroad Company, made an agreement with Gotehall and Harding by which they purchased from them ali of the holdings of the Fortchester road, con- sisting of 1,661 shares. Gotshall guaranteed that all of the outstanding indebtedness of the Port- chester road was paid with the excep- tion only of those debts acheduled on @n attached statement. It has since been learned, ft {e al- leged, that the Portchester Company ‘was indebted to the Concrete Steel En- gineering Company in the sum o¥ $12,000, and the present mit against Gotehali is to recover that amount, tna noe SLUMP IN CORN PRICES. Drop of Three Cents a Bushel on Chieago Excha: OHICAGO, Jan. —Corn prices crashed downward to-day, the January delivery breaking nearly 3 cents a bushel, The same corn that four days ago ‘brought 71 cents sold this morn- ing at 61 1-2, a fall of nearly 10 cents. Tho fact that the leading long here had hedged his holdings by sales of the May option brought on much pressure from epeculators who held bearish are. A emash in values was the re- aul BREAKS A COLD IN A FEW HOURS~PAPE'S First dose of Pape’s Cold Compound relieves all grippe misery. Don't stay stufted up! it blowing and snuffling! Ad Pape's. Cold Compound” taken taken taken will end grippe misery and break Up s severe cold either in the head, chest, body or limbs. an promptly opens clogged: -up im and sir passages; stops nasty relieves 1 headache, dullness, feverishnes: wore _troale sneezing, soreness and Cold Compound” is the quickest, surest relief known and costs only 25 cents ut drug stores. It a without assistance, taste. ni aad the Cuticura Soap and then applied Outicura Ointment. After the second ap- plication she found relief and in two ie her log was perfectly cured and she been troubled since." (Signed) Miss Clare Gently amear the affected parts with Cusieurs, Ointment, on the end of the finger, but donot tub, Wash off the Cuticura Ointmentin five minutes with Cuticura Soap and hot water and continue bathing for some minutes. This treatment ts best on rising and retiring. AS other times tise Cuttcura Soap freely for the tollet and bath, to assist in preventing indam- mation, trritation and clogwing of the pores, Gold everywhere. Liberal sample of each matied free, with 32-p. Skin Book. Address | pent-core “ Quticura, Dept. 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Comprehensive and Altogether Valuable Book of Ready Reference Ever Printed— THE WORLD’S Almanac and for 1 Encyclopedia: 914 andiiv \ leads all other tates of the Union in the number of automobiles, 18,000 hav- ing been registered during 1912, Ilinole gestion—it's biliousneas and cons tm next, with 95,000, and New Jersey re- tion, Try Cascarets; they sweeten the | Hinquishes second place, mainly owing to » Rervousness, Homach, Hayton he sour, fermenting | her new reciprocity law. New Jersey * A + feeling of | food and take bile from the| ea to eighth place and Oblio jumps| Make it grow luxuriant headache, | liver et rry off the constipated waste | Into third position with @ total of 87,000 d beautiful. matter from the bowels, Then your | machini an au stomach trouble is ended. 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