Skip to main content
The largest online newspaper archive

The Brooklyn Citizen from Brooklyn, New York • 19

Location:
Brooklyn, New York
Issue Date:
Page:
19
Extracted Article Text (OCR)

ID THE BROOKIA'X CITIZJ5X, SUJSDAY, MARCH 1903. IUGIG WJWB llHL SEBUHLTY IRE NEW TORK BUILDING LOAN BANKING COMPANY. Main Office, 1 1 6th Mew York City. Brand Office, 12 Court Brooklyn. BROOKLYN STOCKS AND BONDS, The following table gives the bid and asked price and the last actual sale of all of tha principal local securities not actively dealt in on the Stock Exchange.

In addition, it contains much other information of value: I E. Subscribe Capital. JO.OOO.OOO.Oo Aaiela, Jan. 1. 19011 liaarantr Fan aa4 rJarplas, 37r.OU.bt4 (Continued from Page Thirteen.) Report Shows that It Has Matured Eight Series.

Stocks or Eonds Date of Par Value. Rate Per Cent Bid, Bonds Become Due. Authorized Issue. Features All the best in building and loan. Last Salt, Asked When Payable.

Bonds. Business Strictly Local. No real es tate trans 67tf 67V 106k action considered outside of the Met BURKE BILL LIKELY TO PASS. 85 107 86 107 109 103 105 87 ropolitan District of New York City. Investment Shares carrying 6 per, cent dividend coupons, payable semi-annually through any bank.

Savings Pass Book Shares, dues pay While the local stock market was extremely djill during the past week, It is announced that financial men of Brooklyn are working upon matters of interest that 'may develop within the coming week." The only operation of interest was the sole of the Eighth Ward Bank stock to the Borough Bank or to certain people representing, that institution. Just now the inclination toward the concentration of banking interests is very strong, but negotiation' -which have been in progress have not, so far, been very successful. It is stated on good authority that offers for controlling interests in three separate banks have been made and declined. It is believed, however, that the failure of these enterprises might lie followed by success when the same propositions are advanced upon tht institutions in question upon a moro favorable basis. Some financial men say that it is not a puyjug proposition to buy controlling interests in separate banks and run them as branches of other banking institutions, but those who make these assertions are, as a rule, connected with hanks of an ultra-conservative nature, and they are generally satisfied if the report's from their 1UO 102 104 85 1895 1902 .1891 1894 1894 1889 1896 1899 1899 1894 1898 Mortgage Tax Bill May Exclude Co-operatiTe Associations From It PrOTiiions.

ments in 103 103! October 1, 1945 2901 April 1, 1941 Julyl, 1941 July 1, 1941 January 1, 1930 Sept. 1, 1916 February 1, 1950 1949 January 1, 1951 April 1, 1944 October 1, 1909 April 1, 1931 January 1, 1934 January 1, 1907 January 1, 1917 January 1, 1911 October 1, 1933 any amount received at any time, and may be withdrawn on demand, with accrued dividend at the rate of 5 per cent Installment Shares, dues 55 cents per Ofcc'-i 83 112 103 112 109 67 106 85 105 109 103 105 86J4 102 87 83 113 -105 112 llOtf 101 101 95 102 24S 114 103 108 104tf montn an eacn i 1884 i 1891 i 1894 1886 1886 1891 i 1893 A "a-o" J-J A "j-'j" A-0 A-0 A-0 J-J J-J A-0 J-D A-0 Q-J J-J J-J J-D F-A M-N F-A Q-F J-J J-J J-J J-J 100 1000 1000 1000 1000 1000 1000 1000 1000 1000 1000 1000 1000 1000 1000 iooo 1000 1000 1000 10 1000 1000 1000 1000 1000 1000 100 1000 1000 1000 1000 100 1000 1000 45,000,000 6,970,000 5,000,000 250,000 3,500,000 2,884,000 240,000 650,000 16,000,000 7,000,000 10,476,000 660,000 730,000 2,241,000 220,000 250,000 250,000 52,000 121,000 12,000,000 6,000,000 200,000 200,000 200,000 125,000 200,000 884,200 300,000 400,000 298,000 000,000 100,000 110,000 600,000 Brooklyn Rapid Transit Gyieral mortgage Collateral mortgage Brooklyn Heights 1st mortgage. Q. C. ft Suburban 1st Q.

C. Suburban 1st con. Jamaica Brooklyn lit Sea Beach 1st mprtgage Brooklyn Union Elevated 1st mort Kings County Elevated 1st mort Nassau Electric con. mort Nassau 1st mortgage Atlantic Avenue 1st mortgage Atlantic Avenae general mortgage Atlantic Avenue improvement B.4W.E Series A B. W.

E. Series B. ft W. E. 2d mortgage B.

ft W. E. general Brooklyn City 1 First Consol. mortgage Brooklyn Crosstown 1st mortgage Cal. Cem.

ft 1st New W. 1st mortgage G. Lorimer, 1st Gr. St ft 1st mortgage Coney Island ft Brooklyn First "mortgage Cert's indebtedness First consolidated mortgage Brooklyn City ft 1st mortgage York ft North First L. I.

Electric 1st 45,000,000 7,000,000 150,000,000 250,000 3,500,000 4,500,000 240,000 650,000 16,000,000 7,000,000 15,000,000 660,000 730,000 2,241,000 220,000 250,000 250,000 52,000, 121,000 12,000,000 6,000,000 200,000 200,000 200,000 125,000 200,000 2,000,000 300,000 400,000 2,000,000 2,000,000 2,100,000 1,500,000 600,000 100, share. Estimated maturity 10 years. All dividends payable from Mortgages Paid Off and additional ad 4-5 10 4'A 16 87V 84 114 106 116 111 102 102 100' 104 246 114 103 108 107 109 106 vances maoewnere conditions warrant institutions their ow Homes Purchased for small cash pay- ment; balance paid monthly, same as rent ins Kumv mni no, are vn in the financial world. It is a mailer of fact that there are re' than two or three bunks in show that they art, holding stated as iut 97 101 245 113 101 106 103 106 105 38S 100 100 99 115 80 not more In its nnuual report, which wag recently Issued, the Bedford Co-operative Building and Loan Association of this shows that it has' matured eight series, paying to its members more than although it is a neighborhood organization, and does not seek to extend Its tncmbership beyond a limited area. The ninth series, which has' forty-six Khares, rill rcsfh its par value of $200 per share In June; two mortgages, aggregating nre to be cancelled, and the bal-ince will be paid in cash to Investing members.

The amount to be paid in on Mich $200 share is in monthly instalment of $1 each; and the. interest is ti.out 6 per compounded. The as-am-intion has nssets of notwith-itnnding the stock matures every six j.cnth.s. nnd the surplus is There ire 1.292 shares in force, nnd the forty." tixth series is being issued. 1891 July 1, 1916 or41 1888 July 1, 1908 1887 January 1, 1907 i 1877 July 1, 1941 I 1885 May 1, 1910 1 1886 i July 1, 1906 1883 January 1," 1903 1895 January 1, 1903 i 1895 i July 1, 1948 11889'! Julyl, 1939 Brooklyn to-day which have not 'been ten 102 400 102X 102 100 11C 81 ioo; 8 1897 1895 Dec 1, 1927 June 1.

1925 J-D Loans on Dwellings. To build, to purchase, or to ramove rilttlnff On flrst morlsage only; 10 pr cant, or lesa ot our appraiser's valuation. Loans ra-payabta In aasy monthly payments. No premium or bonus charsed. Evary sood application promptly accepted.

Over 00 loana placed, amounting to 1:650.000. Over 13 yeara In bual-nww. Better than ordinary montage. No bl Interest payment twice yearly. No large principal turn falling due.

It will he to your advantage to Investigate. Send name and addrena for printed matter, rr call and ak for the Secretary. Or a repreaentative Kill call on you If desired. THE THRIFT Savings, Loan and Building Fund. ASSETS, St, 730, 000.

Offices: 207 RYERS0N BROOKLYN. Adjoining Pratt Institute nuildlng. ILLUMINATING COMPANIES. 2,500,000 2,500,000 5,176,000 i 1897 1898 1898 1895 A 0 A-0 -J Q-M F-A J-J October 1, 1997 October 1, 1997 January 1, 1939 February 1, 1940 January 1, 1920 -100 1000 1000 1000 100 1000 1000 1000 100 100 1000 2,500,000 2,500,000 5,176,000 4,275,000 15,000,000 15,000,000 307,000 200,000 1,250,000 1,250,000 2,140,000 95 220 116 103 105 250 1 260. 110 110 121 120 .1....

9SJ 225 224 116 116 105 103 "40" "VT 79 107 107 10,000,000 15,000,000 15,000,000 1,250,000 1,250,006 1,250,000 2,500,000 The Burke which prohibits building mil hum associations from taking money I payments on stock to pay expenses likely to pnss the Assembly without irriuus opposition, lint unless, (he leagues iMpnvs tlw Somite with the fart that they ir ally desire its passage, it may fail that bu.ly. The bill is still the only iioasuic now in the Legislature which di-octfv uffet iS' building and lonn i SEVEN LEFT DEAD IN MINE. 76 105 1901 A August, 1903 FERRY COMPANIES. Kings County Electric L. ft P.i......

First mortgage Purchase money mortgage Edison consolidated mortgage Brooklyn Union Gas First mortgage Citizens' Gas consolidated Union Gas consolidated New York ft Queens E. L. ft N. Y. ft Q.

E. L. 5 p. c. pref Y.

ft Q. E. L. ft P. 1st Mtg.

Brooklyn' Consolidated mortgage! Brooklyn ft New York 1st Tenth 4 Twenty-third street First mortgage N. Y. ft South Brooklyn T. ft First Union Ferry First mortgage A New York 4 East River First mortgage Many Imprisoned Miners Escape the Disaster bf Explosion And Fire Greenbnrg. 7,500,000 100 6,500,000 1000 5 F-A 1898 1,000,000 1000 6 1,000,000 100 5 A-0 550,000 1000 400,000 100 350,000 1000 5 3,000,000 100 2 2,200,000 1000 5 1890 750,000 100 6 750,000 1000 5 1893 8,500,000 7,500,000 1,000,000 1,000,000 550,000 400,000 350,000 3,000,000 2,200,000 750,000 750,000 15 16 15 August 1, 1948 7 3 76 75 January, 1911 113 UJ 74 78 75 1919 105 106 105.

26 30 1906 70 7S 70 41 42 42 Nov. 1, 1922 96 97 80 8S 1922 90 95 95 The Mf front Iitun League of Co-opera tivo Sjvinss anil Loan Associations will hold t-t iiiimvil meeting at the Astor I'ltalialtau. March 2i. The niiiiiial r-lorts of oUkTrs are to be read, and oilier t.niters discussed which are of interest 'to issiH'iaiijiis of M.inhat'nn. At a meeting the trustees last Tuesday aft'Tinon a of those association in the district which are not member of the 5.

ate League was prepared, nnd circular cttcr will be sent to them, mging them enroll. MISCELLANEOUS. liRKKXPT'TUS. I'cb. HnstrtlPr mini', lh scene of.

Inst night's explosion, is siring up its hiuuun luis'inrrs. This iiiumine tn more men vniprgml mi My nun the mine, nnd it is now tbiiviilit Hint there will not be more thitn seven nhn met dentil by the explosion. It wns diainvered (hi ni'irnina that Xo. left Hut was tire nnd burning fii ively. KIToits nie now being made (o recover the dead anil flood thee mine from the l.oyn! Ilminn Creek in hope of ex-tincuiliiii(; the tire brfore jsrfcit iliiliingt- is done.

The reseiirvl men nre: Mike Flnh, bis son Stephni, T'-n-so'inck. Sieve Ilndiloeks, John (inkirli. f'hniles Ailuinne, Turehiik, John TttrehieKl Their Ininus gone out. and beeoni-ilig hewilileied, waiiileied into the abandoned workings of the mine. They were unable lo give tiny iiifoniinlion regarding the explosion.

Superintendent Marshall that looked safety him were used throughout the mines. 200,000 200,000 100 100,000 100.000 100 10 100,000 60,000 50 6 Monthly 250,000 250,000 50 10 1,000,000 1,000,000 100 10 1,000,000 100 8 750,000 750,000 1000 6 15,000,000 9,375,000 100 7 15 1,500,000 1,364,000 1000 5 4,000,000 3.000.000 100 600 000 600.000 10 6 128 130 128 220 223 97 10S 100 195 200 200 140 150 140 140 145 140 1902 1912 or 1932 US 116 US 162l 164; 164 1890 May 1, 1920 U.2 114 114 122 124 122 70 75 74 Academy of Brooklyn Safe Deposit Co Bond 4 Mortgage Empire State Surety E. W. Bliss E. W.

Bliss pref. Consolidated Mortgage N. Y. N. J.

Telephone First mortgage Realty Associates Journeay Bumham dered propositions for control by other institutions which would run them as branches. And these offers have been, generally, far in excess of the hook or market valuation of the stocks. While it might have been greatly beneficial to the stockholders of these banks to have bad these offers accepted, iliey were refused by the directors, who. for what are believed tobe 'persoim! the project of relaxing control into other hands. As told in "The Citizen" tome days ago, the stock of the Eighth Ward Hank was originally purchased several months ago by Charles Jerome Edwards, James McLaren and others interested in the Union Bank, with the intention of disposing of the stock to the Union Bank.

But 'subsequently the-new holders of the Eighth Wiird Bank stock received very satisfactory offers from various people, and sold their holdings, amounting to 520 shares, fnr a little more than Some of those who saw the check issued in payment say that the deal was effected in the interest of the Borough Bank. I Much interest was manifested, during the part week, in the advance of the sto.k of the Kings County Electric and Power Company, which sold at highest point, 200 anil 250, while its highest previous point wao 205. It is not deemed possible that the advance-, of fi per cent, was due to mere manipulation. The stock generally pays 2 4-10 per rent, on the investment. The officials' of the company refused to discus the situation.

A spot ial meeting of the sbarehnlders of the company will be held in the future. Though no confirmation of the report can be obtained, it is believed that the capital stock of the company ill be doubled ami sold at par to the But even (his prospect, however, is not deemed a satisfactory explanation for the high-. price p.iid for the slock during the past week. Buyers of the stock at 250 would, in order to double holdings, have to pay in part for the new issue making the average price 175. or a (i per cent, dividend payer.

Should this be the proposition to be made to the shareholders at the coming meeting the company mnst have other development pending or else the prices paid, 250, 2H0 and 205, is too high. In the stock of the Realty Associates very little trading was done during the week. The affair of the associates have been discussed a great deal predictions for much higher prices in the near future have been made. Officials of the company have not been reserved in their statements to shareholder that the buying by the Pur-chasing Committee has been extremely satisfactory and that returns from rentals and other-sources are showing nearly 0 per cent, net on the capital. This is exclusive of consideration dt the fact that the company" has een offered large advance on almost every piece of property that it has bought.

It is stated that the Cassidy property on Fulton street, the Journeay i Biirnhain property on Flatbush avenue and another piece on Broadway, Eastern District, could alone be sold at over the purchase Much is expected tn develop from the changes in the affair of traction companies in Brooklyn and Manhattan. It is believed that the Brooklyn companies will be greatly benefited by the developments iu the traction service, and much activity is looked for in these stocks in the near future. The gross and net earnings of the Brooklyn Rapid Transit Company, despite the curtailment caused by the snowfall this month, is improving. TRUST COMPANIES. IS' Dividends.

Surplus. Dec 3L 1 1 Deposit Dec. 31. Bid. Capital Asked.

When Payable. List Sale. Kites. 1900 1901 480 395 480 373 1M Bedford avenue, and is to be a subway; the second, elevated, Vfrom Bedford avenue to Ralph avenue; the third, underground, from Itulph avenuo to Mtiuhuttun Beach Crossing; the fourth, elevated, from Manhattan Crossing to Atkins avenue. The improvement, was to cost the city under the law not more than $1,250,000, and the remainder, whatever it may be, must be borne by the railroad company As.

originally projected, the estimate of the total cost of the work was but it is now believed that it will exceed Xot one cent of the amount to be paid by the city will be handled or even seen by any member of the Board. In fact, the Board has expended very little money. Of the $5,000 appropriated for the commission, the old Board, when it reorganized, turned back into the city treasury just which was rather unusual under the It is pointed out that the Board is entirely outside of polities, though, as a matter of fact, it is part of the city administration. The method of disbursing tho money appropriated for the construction work devolves upon the Controller of the city. When the railroad company expends sums amounting to $25,000, a certificate to that effect, certified by the board, is presented to the Controller, who then issues special revenue bonds for half of the amount, or $12,500.

This is the manner in which the money has been, and is being disbursed. Up to the present (Into a total of a little over $1,000,000 has been expended in payment of the work completed. Practically all the steel work has been delivered by the American Bridge Company and is on the scene of the work, readv for erection. The largest part of it is already in place, especially in the east end. The work completed, as represented by moneys paid for the same, ijeas follows: Section 1 Contract price, aTmount paid, Sec.

2 Contract price, amjnint paid. Sec. Contract price, amount paid. Sec. 4 Contract price, amount paid, It will be seen that, according to the above figures, little oyer one-liulf of the work was completed during the.

past year. It is expected that the entire work will be completed in. another year. The next and what is regarded as a vitally necessary improvement which, it is, declared, should follow the progress of the railroad work, is the paving of Atlantic avenue, from Flafhush ttventie to Atkins avenue. This fs a matter now being agitated with much vigor and Assemblyman Miller has a hill now pending in the Legislature, authorizing the Board for the Improvement of Atlantic avenue, to go nhead and superintend the job.

It was feared in some tiiurteis that Borough President Swiiilstrnm and Mayor Low might nlrjeet to this programme. But it is pointed out that the board above named is really a part of the borough administration and ainenahle to the provisions of the Charter: nnd that, therefore, nothing in the projected paving work can be done without the approval of the Mayor and the Borough President. In this manner, it is shown, the city is guarded at every point, and the members of the board and the various civic organizations interested have endeavored to point out to the Borough President that the best interests of the city shall be conserved if the board is given full charge of the work. It is shown that the city will save at least $10,000 in the surveys and grade maps, a work that, in the event of the work being done under the immediate supervision of Borough President Swanstrom, his engineers would have to do over again, at a great cost. The Board for the Improvement of Atlantic avenue did not initiate the bill of Assemblyman Miller, but it was strongly urged by these organizations: The Twenty-first Assembly Distiict Democratic and Republican Clubs; the Twenty-sixth Wnrd Board of TTade, the Fulton Street Board of Trade, the Ocean Hill Board of Trade and the Bedford Section Business Men's Association.

Representatives of these civic organiintious have strongly urged President Swanstrom to favor tbeMiller bill and to secure the co-operation of the Mayor. The cost of paving Atlantic avenue between the points named lias been variously estimated, but the cost to the city, say the members of the Board, will be about $500,000 or It is proposed to lay one-quttrter of the assessment for tho work upon the Long Islnnd Railroad, one-qtiar ter upon the abutting property within 200 feet on each side of the avenue, and the remainder, a little over half, upon the city at large. Of course the laying of these assessments will he attended with more or less trouble, for many of the sections have already been pared. In such eases, however, the Board of Assessors will have power to make such reductions of assessments as it deems proper, and the overplus will be added to the levy upon the vity-at-large. It is claimed by the Board for the Improvement of Atlantic Avenue that, if it is given supervision of the paviug work, within six months after the improvement to the rail road shall have been completed the paving, too, will le fininhed.

President Blackford, of the Board, in discussing the possibility of passage of the bill, hit, I this to say: "Borough President Swanstrom ought to be able to see the reasonableness, the propriety and the economy in providing for the paving of Atlantic avenue as proposed in this legislation. It certainly means that the avenue would be paved and put in order one year sooner and a great deal chenpor than it would be otherwise. There is no graft in this thing. The memliers of the Board receive no salary. They are (tlniply paid $10 each for every meeting they attend, aud we hold about two meetings each week.

So you can see that there is no great amount of money to lie had. We do not see any of the money paid out by the city for the improvement under way and we shall not see any of the money fur the paving of the avenue if, as we Micve, we are given the authority to snin'rintend the work." 18TH WARD TAXPAYERS MEET. 8 16 10 "i 10 10 6 100 100 100 100 100 100 100 100 100 10 16 11 10 10 6 12 12 8 10 16 12 5 8 10 10 6 12 12 8 385 i'7'3" 195 340 435 320 250 385 SIS 264 A-0 Q-J Q-J J-J Q-F Q-F Q-J A Monthly Q-J Q-J 2,000,000 1,000,000 1,000,000 200.000 500,000 500,000 1,000,000 500,000 1,000,000 4,000,000 700,000 Bond and Franklin Flatbush Hamilton. Kings County Long Island 1 Nassau People's Title Guarantee Williamsburg 1,877,209 1,514,394 1,221,940 1,417,342 471,395 1.581,632 "518,754 13.984,251 8,055,087 67129,721 8,637,765 7,050,447 5,845,022 10,684,597 4,313,705 330 430 320 245 385 525 325 39S" 523 100 10 The "Evening I'ost" says: "Members of corpentive building and onn associations nre grntiticd over the nn-lonncenient made this week that liov-tinor ((dell's. mortgage-tax soon be inlroducod in.

the Legislature, will ntaiii provision exempting these or-ionizations. It is a deserved recognition if their work in the direction of thrift honif -getting, which tend to limko hotel- citizens. Too much credit cannot be 'tin to the State and Metiopnlitnn for their work, which- extends ivcr ninny years, in contending that the tat? should encourage co-operative build-ng and loan' associations in every pos-ililc way. as the results of this persist-niey will now be reaped. It will be noted hat announcements of the proposed bill itate that "local" associations are the ones be exempted: the line is thus clearly liawn between the two classes of these irganizntions.

The (loveruor evidently inlils that wlint are known as "national" issotiations should, pay the, tax. or per-taps he has read what the Superintendent if Banks says about these concerns in innunl reports, and drawn his conclusions ihcrefrnm. An excellent feature of this ixcinption should be that the general pubic nill be ahlc to distinguish the differ-nce between co-operative building and onn associations and "national" orgaui-lations, to the great benefit of the former. is a fact that whenever a receiver was ippointed for a "national" association luring the. last ten years, it had the effect bringing many withdrawal notices to ho co-operative associations of this neigh-lorhood.

The reason was that thousands persons not all building and loan asso-tiations in one general class." 100! NATIONAL BANKS. 1 Feb. 10. Feb. 10.

r7 300,000 568.521 I 50 14 14 14 3,511,674 308 310 i'y; 300,000 565, 186 100 16 12 16 4,905,153 397 400 MMufac'tuVers'' Z52-000 498-523 30 10 10 10 3,582,039 340 300 300,000 622,783 100 12 16 16 J-J 5,598,779 37S 400 400 200,000 258,261 100 6 6 6 1,041,363 210 207 Organization Practicably Completed and By-Laws Adapted. The regular meeting of the newly organized Eighteenth Wnrd Taxpayers' Protective Association was held Friday night nt (ieorge Sclii-iiiiim'g Hull, Xo. -1 Olive street, l'resident Leopold Henn was in the chair. The association adopted the bylaws ot the Twenty-eighth Ward Taxpayers' Protective Association temporarily. TW association was organized last Friday night in Schramm's Hull, with a membership of tifty-foitr.

Its objects are to seeitro Iniprovemiuitff nnd protect the interests of the taxpayers of the Eighteenth Ward. Thirty new members were enrolled Inst night nnd many residents have signified their intention of joining the organization. The meeting will be held the Inst Friday ot each mouth until further no-tic'. The officers of the association, who are to serve terms of one year, are as follows: Leopold Henn, president: William Toung, vice-president; (ieorge Schramm, recording secretary: Peter Miller, finaneinl secretary: (Jus Boehrer treasurer, and Gus Kodthenlierger, sergeant-at-arms. STATE BANKS.

r. Dec 4. 7 Dec 4. 100,000 31,789 100 479,767 125 125 100,000 210,446 100 10 10 10 J-J 1,613,511 300 27C 300,000 170,647 50 7 7 7 1,386,803 140 150 145 100,000 30,088 100 166,170 125 125 100,000 100 500,000 383,543 50 10 10 10 J-J 4,500,000 250 100,000 40.687 100 750,740 115 110 100,000 158,790 100 6 4-6 J-J 930,758 210 200 100,000 150,586 50 8 8 8 M-N 1,119,024 265 245 100,000 79.828 100 533,865 ISO 100.000 143,869 100 143,869 160 162 100,000 62,317 100 6 7' 6 J-J 605,253 150 100,000 121,048 50 5 5 5 1,342.385 175 170 100.000 68,171 100 5 5 5 J-J 829,681 143 143 'i Borough Broadway Brooklyn Coner Island 4 B. B.

Eighth Ward Mechanics' Merchants' North Side People's Seventeenth Ward Srayvesant Twenty-sixth Ward Union Wailabout 1. CHANGES IN UNION SQUARE. President Cantor Order New Arrangement of Paths and Statnes. COMPANIES. INSURANCI FRAGMENTS OF EMPIRE.

Surplus. Book Value. 200,000 243.163 50 10 10 10 J-J 221.58 190 191 1,000.000 1,778.748 50 10 10 10 J-J 277.87 24S 247 Z50'000 X'187'933 50 1 24 24 20 JJ AS 635 601 A report comes from Manhattan that Ibere is a movement on foot for the merger two associations in Brooklyn, one being i nrge organization. The officers are not ret ready to announce the plans, as there lie many difficulties in the way, the two irgsnizations being conducted on different ystems. Efforts to merge two associations some time ago failed for this reason, as no agreement could be reached as to the disposition of the money shich was reserved for the difference between the withdrawal nnd full profits.

Two of the uptown associations In report an unusual number of with-Iranals, attributed to various rniises, but throughout the district withdrawals on file ire not above the average. Applications for mortgages are being received, thoe Trom Brooklyn and Queens boroughs lead-Irg all others in point of numbers. HALF-HOLIDAY CUSTOM. they toiled before the noon hour. They have outlived the old idea, and when you come to think of it the fact must be put down to the negro's credit, for it show that hp has learned to pnt value on time, and time in farming, as in every other kind of business, is worth a treat deal ia this.

age. fnder instructions received from Borough President Cantor Wisner Martin, Engineer of Subsurface Structures, has prepared a plan showing a proposed rearrangement of the paths of Vniou Square so that one broad path coincides with the center line of Broadway extended, while another broad path symmetrical with the foregoing one will be made on the east of Union Square Tark. At the apex of these two broad paths, and in the renter of the Tiew looking- north on Broadway, it is proosed to place the beautiful equestrian statue of Washington which is now at the corner of Fourth arenue and T'onr-teenth street, so that it will have a commanding position. In harmony with this arrangement, it is proposed to plae the Lincoln statue, which is now at University place and Fourteenth street, jnst north of the fountain. Both these statues will he on the center line, of Union Square Tark.

ASSAULTED GIRL'S MOTHER. "But I was thinking that the half-holl-dny plan, which has become so popular Ik other lines of business and industry, ia after nil, the outgrowth of the old idea of the black man. Shall I say it is but the evolution of the old 'negro day' plauT Well, it i in effect at any rate. Of course, the various institutions which close down at Saturday noon now do not close for the same reason which impelled the old negro to quit his plow or his koe at the noon hour on the last day of the week to go fishing or hunting or to loaf around the country store. A half-day's rest has become a business essential, but it i a fact, nevertheless, that the Idea ot restlnt tip Saturday afternoon originated with the negro, aud by the countryside ia Still known as 'negro Tristrand d'Acnnha the Loveliest Piece England Role Over.

Tristan d'Acnnha. 1.500 miles due south of St. Helena, is the smallest, loneliest atom iu the British Empire. It was garrisoned during Napoleon's imprisonment in St. Helena, and the inhabitants are the descendants of Corporal William Gins, who.

with his wife and two private soldier, preferred to" remain there, on the withdrawal of the troops. Wives for the two bachelor were obtained from St. Helens, and some women convicts were also landed there fifty years ago, while an occasional castaway has increased the population from time to time. There are now only some seventy' inhabitants, of whom a bare score are men. The climate is excellent, and the residents very long-lived.

The island is only eighteen square miles, and the chief crop is potatoes, but the live stock consists of cattle, 500 sheep and some donkeys, pigs and poultry. Tobacco and spirits are unknown, nor are there iny laws, the oldest inhabitant being regarded as governor. Communism is the prevailing practice, all thing being shared in common and proportionately. The little settlement of Edinburgh is the only inhabited quarter, and the bunch of well-built stone houses received tins name after the visit of the Htike of Edinburgh in 107. Once a year the governor of St.

Helena visits Tristan d'Acnna with the mails and to see after its welfare, and report thereon to the paternal government at Whitehall. Otherwise the island has no communication with the outer world. Ascension Island Is more important, being a Wtiticd naval base. It is nurd by the admiralty as a ship, and joverned in all respects man-of-war. The ruler Is the captain, and his crew consist of S0 iuhnhitants.

All the adult males ire cbtssed tailor, and the eaptain is as absolute a on the quarterdeck. The climate and soil are good, bananas being largely ctrtivnted. while goats form the live stock. Turtles also frequent tts idiores. and when a war Tessel calls twice a y'eir it incidentally hhips a supply of chclmonidoe for the king and the lord of the admiralty.

Three hundred miles east of Cape Horn lie the Falkland isles, and. though they are unknown to the street-bred man. these RritKh outposts have more than 2(W inhabitants. Sheep raising is the chief occupation, there being nearly 1.000.000 sheep in the isles. The people are happy in being free from public debt, while the fact the ouly tnxes are the import duties on liquor and tobacco may well draw sighs from the Londoner.

Moreover, there is prison accommodation for only eleven criminals, and so rarely is even one cell occupied that the solitary warder policeman puts in his time in the government printing ofhee. Vntil a few years ago education was somewhat neglected, chiefly on acconnt of the scattered residences of tie population, but this defect has been reiedid by the appointment of peripatetic pedagogues, who no wvisit the pupils, since the pupils would Ti-tt Mal Caaetto. Ot Importance. "What A it rcnslfler the frat rmlal of a fl -tic mli-Vw' Anl aftr mwl 4fllbTa'K- arul naNi- A parachuia." Waliaatat fcutr. Taoncfct to Hare Arises From a.a Old SonUterm Institution.

"Before the war, Saturday, or the last half of the day, was called 'negro day, a man with a penchant for the carious, in the New Orleans "Democrat." "and cTen now there are country folk who still hold to the old idea. In some of the more rural sections Saturday is still looked npon "negro day." and it is not uncommon in some quarter of the South to hear white persons being reproached for beiag like the negro when they want to 'lay off half day on the last day of the week. Time was when it was extremely difficult to get the black man to work after 11! o'clock Saturday. He woijVmore think of working Saturday aftciJi than he would think of workiny on the Sabbath. A 1 was saying just now, this idea still prevail in some sections of the country.

The negro still insists on the last half of Saturday, and when he leave his plow at the turning row at the noon hour on this day he doesn't expect to take np the work again until Monday morning. He may want to spend the afternoon fishing or hunting, or be may want to spend the time loafing and joking with the other netroes of the countryside at the story some distance down the road. At any rate, he holds to the old idea that Saturday is "nerro day' so far a the last part of the day is concerned. But the idea is not as general now as it ued to be. There are many nesroes throughout the asrictiltnral 'sections of the South now who would never think ef elainiini: the bnlf-holidar Satur-urriay.

They toil after 12 o'clock just as If. Y. CENTRAL BLOCK By 0 o'clock yesterday trains on the New York Central road were arriving and departing from the (irand Central station on schedule time. The block on the road near (inrrisons station was due to a landslide having been raised. A temporary track was built arouud the debris of the sVi.fc Police Looking for Jamer Fretto, Wio la Wanted for Assault.

Because the mother of the girl he hn been wooing refused to look with favor on bis suit and would not giver her consent to their marriage, James Fretto, 80 years ld, a hoarder, it is alleged, assaulted Mrs. Mary Ferrari, a widow, of No. 1630 Pit-kins avenue. He had been paying court to the woman's fifteen-year-old daughter, Mary, for some time. Last night he formally asked to be allowed to marry the girl, aad when he was refused.

It is claimed that he kicked the girl'i mother and struck her on the head with a brick. He then tried to seize the rhild and carry her off, but neighbors who had been attracted by the screams of Mrs. Farrari, interfered, and the man fled. The woman was attended by Tr. Wem-moll, of Xo.

2000 Atlantic avenue, and an amhiilnnce surgeon the Bradford Street Hospital. A description of the man was given to the police. He is feet 7 inches In height, dark complexion and light mustscbe curled up at the end. He wears dtrk clothes, blue blouse and a slouch bat THE UNEXPLORED tTNTVTRSE. Nature is like a piano all ef the aotea of which we ran not hear; We are surrounded by mysteries.

We know ery In-tie of nature's laws, aad the "windo through wjiii'h the mind looks out are neither numerous nor wide open. Th works ef God are evra more beautiful thaa we are pleased to imagine, and ia this life eur fettered souls mint be con. tent to see oaly a feeble part of the mr relous picture that we ctll th Abbe Mortuz ia Cosmo, riu BIDS FOR PAVING ASKED. President Swanstrom yesterday advertised for bids for paving portions of some twenty-two different Brooklyn streets. While no mention of the maximum cost of the contracts is contained in the it is estimated that the contracts as filially let will approximate nnd the distance to be paved over seventeen miles.

All the bids call fr aphslt paving. Bids mill be opened Saluiday, March 14. Aiken and Aagasta. Via Tenna. R.

R. and Southern Ry. Trouble daily service, 12:40 noon, 3:25 p. m. Pullman drawing-mom sleeping cars; dining cr service.

Xew York OrhVet 271 mi 11S5 BrotdtviT..

Get access to Newspapers.com

  • The largest online newspaper archive
  • 300+ newspapers from the 1700's - 2000's
  • Millions of additional pages added every month

About The Brooklyn Citizen Archive

Pages Available:
251,724
Years Available:
1887-1947