davidaulloa/AmericanStories huggingface dataset:
Macon beacon. [volume] (Macon, Miss.) 1859-1995, 1894-03-17
THE TARIFF MEASURE,
As Amended by the Senate Sub
Committee Having It In Charge,
TIE SENATE ANn TIE rArrrF pnr-


WASHINGTON, March s.-The Wilson
tariff bill, which passed the house of
representatives February /. was laid
before the full membership Of the sem
ate committee on finance this morning
al II o'clock in the amended form upon
which the democratic majority OF hat
committee finally agreed, sitter one
whole months consideration. and
changes of front upon all
the more important objects OF taxation,
simultaneously with the presentation
of the bill to the full eommitte it was
out for publication through the
press The chief features upon which
interest ceutered were the pro-
in regard 70 the tariff on sugar.
ron ore, lead, wool and its manu-
lectures, cotton manufactures, and
internal revenue taxes on whisky
md tobacco, The sugar provision is
IS follows:
Macon beacon. [volume] (Macon, Miss.) 1859-1995, 1894-03-17
WANTED TO SEE HIN POP.
4 Uhnd's Curiosity SpoTls Her Big sisters
Mnll.Iahh HlanN


: 4 Uhud's Curiosity SpoIls Her Big sister
: Well-ISid Plans
/ The last Of the sunset glow was fad,
ing from the western horizon, and the
stars had begun Il shine out clear and
bright on the darkening September
sky. On q corner " the haarlinr-houss
piazza, in the light which shone from
the door, a slender Young girl with
dark eyes, wavy brown hair. and wear.
inC a gacefully-draped white gown,
sat in the shadow. The glow Of this
cigarette showed thst a summer youn
mar occupied a chair slightly in IL,
rear Of her.
Their conversation was intermittent,
and carried on in low tones
Yes, I'm glad were such good
friends Mr.. Van de Horn. because l.
because we're SO eongenial-and. to he
frank, because ! like you." The girl
turned her head and smiled at her com.
pauion. giving apretty emphasis to the
last sentence.
But, say. maybe Won don't like this
Sn.,&e-IN fire it, The cigarette wen,
whirling out upon the lawn.
oh, , wouldn't have had you dc
that on my account for anythinp. Mr..
Van de HON. And then YOU are SC
fond of them.
Perhaps ought to have fired it be-
fore, hut l didn't think: but, saw,
what 4 pretty ring that is. taking the
hand which rested on the chair arm.
Did you know we were thinking OF
away to-morrow?" said the girl.
pensively, without noticing the remark
as to the ring.
No, YOU don't mean it? Tell us all
abont it, said the young man. still
holding the hand.
There's nothing to tell, except how
lonesome I'll be, and
little sigh was all that remained
the sentence, There was silence for
moments, broken only by the
'eraplng sound when Mr.. Van de
iorn's chair was moved along a little. ,
Il wish You wouldn't, Mr.. Van de
Torn; feel sad tonight, and you really !
now You shouldn't do that" :
But, my dear Miss Lands, | nm
comforting YOU" I
"No-there, there! ! shall have to % I
nto the house. No one but-that IS. mn I
ne-can give that sort OF consolation I
o me. didn't think o would trife t
:
Ihe young lady had started TO rise
ON her chair, and the young man, az
c dropped on one knee, still holding G
he hand between his own. did not see {
lie SIGHT which made her stop. +
J GU mistake me-you really do. II c
o than friendship | offer you-n :
hut he got no further. In the light
hlch streamed from the doorway G
ood a little white-robed figure, and at b
'e pause a small voice piped: Fl
sister May, is he dom to pop? Tell :,
Il | want to see it."
Child, what are you doing down v
re at this time of night?" said tbe q
Jung lady, glazing and rigid. I
want TO see you make him pop .
ID the tot, in a rather frightened H
of voice. b
.lvLa. Et
what are You talking about? Go Pt
STAIRS this minute back to bed" -
! didn't do muffin" came in tearful
os' u heard mamma say if anvbodv ca
uId make a man pop you could, and Ht
ever saw muffin pop but a cork and ri
tick and | jest only wanted to see ",
:. Horn pop."-Chicapo News W
Macon beacon. [volume] (Macon, Miss.) 1859-1995, 1894-03-17

In eNpUnE ny the t~aGtoloyy found IN
the house bill. the senate committee
has cUt cut q number Of sections pre-
serving the essential points hy ineor.
pOrStiug them with sections which
they have eontenSel and rearranrrA.
Macon beacon. [volume] (Macon, Miss.) 1859-1995, 1894-03-17
ale Bus. 8 Lbs. Oats from Ono BUS. Seed.

S16 Bus. 8 Lbs. Oats from One Bus. Seed.
This remarkable, almost u~nheard-of,
yield was reported to the John A. Sal
ger Seed Co., La Crosse, Wis. by Frank
Winter, of Montana, who planted one
bushel of Great Northern Oats, care
fully titled and irrigated same, and be-
lieves that in 1904 he can grow from n
bushel of Great Northern Oats three
hundred bushels. It's wonderful oat.
20 sorts field corn, yielding so to 1870
bushels per acre. [Kl
If YOU WILL CUT THIS OUT AND sENDIr
with Sc postage to the above firm you
will receive sample package of above
oats and their farm seed catalogue. IRl
Macon beacon. [volume] (Macon, Miss.) 1859-1995, 1894-03-17
&1OO Reward. g1On

inc reader of this paper will be pleased &c
learn that there is at least ono dreaded
disease that science has been able to euro in
All It's stages, and that is Catarrh. Halls
Catarrh Cure is the only positive cure
known to the medical fraternity. Catarrh
oelnga constitutional disease, requires n
constitutional treatment. Halls Catarrh
lure IS taken internally, acting directly on
tHe blood and mucous surfaces of the
system, thereby destroying the foundation
- the disease, and giving the patient
md assisting naturein doingits work Tho
proprletors have so much faith in its curo.
I'VE powers, that they offer One Hundred
Dollars for any case that it fails to cure
Send for list of testimonials.
address, FL. CHENEY & Co, Toledo, 0.
.Fs3DSold by Druggists, 75c.
Halls Family Pills, % cents.
Macon beacon. [volume] (Macon, Miss.) 1859-1995, 1894-03-17

Best of All

10 cleanse the system in a gentle and tr,,lv
beneficial manner, when the Sprinptime
comes, use the true and perfect REMEDY
syrup of Figs. One bottle will ansyc,. for'
al the family and costs only 50 cents: the
large size 81. Try it and be pleased. Mann.
only. ''-"p w.
Macon beacon. [volume] (Macon, Miss.) 1859-1995, 1894-03-17

We can mention no failure more disas-
trous than that Of physical energy. II in
wolves the partial suspension OF the dicesiivc
anu asstmllative processes, and entails the
rotrenent from business Of the liver and
kidneys. Only through the good Offices Of
Hostottcr Stomach Bitters can the restora-
ton OF its former vigorous status be hoped
Tor. When this aid has been secured, "a re
sumption Of activity in the stomach. liver
anu bowels may be relied upon. The Bitters
couquers malaria and kidney trouble.
Macon beacon. [volume] (Macon, Miss.) 1859-1995, 1894-03-17
"A Child.

Auntie--Does your new doll close rs
eyesp
Little Ethel-Yes'm, but She is Tho
most wakeful child / ever saw. She
doesn't shut her eyes when / Law ha,.
down, as she ought to. The only wav
to make her go to sleep is to stand hey
on her head and shake hcr.-Good
News. 800
Macon beacon. [volume] (Macon, Miss.) 1859-1995, 1894-03-17
The Greatest 11edicsl Dp1
of the Age.
KE NNEDYsl
MEDICAL D|SC0II
DONALD KENNEDY, Of D0ysm

Has discovered in one of AM,
pasture weeds a remedy tha, W ~
kind Of Humor, from the wors|
down to a common Pimple. '
He has tried it in over el.v.,
cases, and never failed eyceptial
(both thunder humor. Hebas"l
possession over two HUNDRED n
OF its value, all within twt1,T
Boston. Send postal card for M
A benefit is always experienced
first bottle, and a perfect cure I, u
when the right quantity is TAXI,
When the lungs are affected !,
shooting pains, like needles
through them; the same with Fl.
Bowels. This is caused BY h,
ing stopped, and always disapy1
week after taking it, Read tfsIt
If the stomach is foul or biGr
cause squea miSh feelings at frt /
No change of dieteyer netessr.
the best you can get, and enoas!
Dose, one tablespoonful in was'
time. Sold by all Druggists.
Macon beacon. [volume] (Macon, Miss.) 1859-1995, 1894-03-17

WIN giad wasn't Shakespeare" said
dead now" $50 would Shakespeare" said
Macon beacon. [volume] (Macon, Miss.) 1859-1995, 1894-03-17

\ FEiTHrB from the doves wing some
tunes guides the arrow that pierces her
breast-Ram's Horn.
Macon beacon. [volume] (Macon, Miss.) 1859-1995, 1894-03-17

YouNd Lady-"Mr. Parsons. what did
Boaz say when he first saw Ruthl' Young
Nan" don't know, unless he asked her
not TO step on his corn. "-Life's Calendar.
~ the ups and downs Of life the baby ia
unrlvaled. Glens Falls Republican.
Macon beacon. [volume] (Macon, Miss.) 1859-1995, 1894-03-17

How X you sons prospects'' "a lit
Tie hazy at present. 'Indeed ~ "You see,
ne has just entered college"
Macon beacon. [volume] (Macon, Miss.) 1859-1995, 1894-03-17

MARY ANDERSON NAVARRO is still at
work on her memoirs and promises to
have them ready for the publisher in
the spring.
Macon beacon. [volume] (Macon, Miss.) 1859-1995, 1894-03-17

IEAcHER-"What is a right angle1" Bow
1.-Two straight lines around a corner ~,
Macon beacon. [volume] (Macon, Miss.) 1859-1995, 1894-03-17
M MMMZ,

For aworn-out,n rundown debiitated
school teachers, milliners, dressmakers' seam.
s] WoeEsd' g. general ~housekeepers, and over.
Pierce's Favorite Prescription is The bsst =;
aii restorative tonics. 1t Is not a "cureesliS
out admirably fulflls a singleness of mr..
pose, being a most potent specific for All
1 InOse q chronic weaknesses and diseases pecii-
well as uterine, tonic and nervine and A.. az
parts vigor and strength to the whole systam
~ cures weakness Of the stomach. jnd;cos'
5sSn, FLOATING, nervous prostration, hyster is-
ueo,ss'y ana sleeplessness, A Treatise (i6ss
Diseases" sent sealed in piaim enreior. 1a nr
receipt OF ten cents to pay postage. Address
Inuains gispensary Medical Association
inyaiids' Hotel and Surgical institute Buf..
t tssaI n; y. i contains a vast number Of
portraits Of their Ssu su utls s0 ssSI or aivnrt ho 9ss yIs
address Of eaoh. sAu gives sne iul
Macon beacon. [volume] (Macon, Miss.) 1859-1995, 1894-03-17

IT is a mistake to suppose that women
vermarry for money; sometimes, however,
they marry for the want of it. - Boston
transcript,
Macon beacon. [volume] (Macon, Miss.) 1859-1995, 1894-03-17

Nor ANY MoRE Solicit feel more
stupid tonight than | ever did before. Do |
look itf' She-'No; you look Just the same
as usual detroit Free Press.
Macon beacon. [volume] (Macon, Miss.) 1859-1995, 1894-03-17
A Smart Girl,

1T was the queerest thing" said thu
girl at the jewelry counter during the
lull. "When | was in the other store
up town the tloorwalker came around
ana told us all to look out for these
people that go around and steal he.
cause they can't help it. I was kind Of
green then, and | almost put nv eves
out looking for them. One day a won.
an came to the counter and | didn'tpay
much attention to her. After | wa,
through with the party | was WAITING
on happened to look at her and saw
her take a gold-headed hair-pin from a
tray. Ididn't say a word, but found
out who she vas That night yent
right over to her house and told bor
what had seen. She tried to br, ,on
it out, but l was too much for her. and
finally she owned up that she had taken
the PIN"
did you have her arrestedp" asLaa
the ether girl.
NO. said the first girl, but | m,de
her give me the pin."-Buffalo Eynross
Macon beacon. [volume] (Macon, Miss.) 1859-1995, 1894-03-17
ASTRONOMY.

THERE will be two eclipses of the sun
during the year, but both will be In
visible in the United States.
IMMENSE as the bulk Of Jupiter Is, 1t
makes a complete turn IN its axis in a
trile less than ten hours.
PRoF. BARNARD, Of the Lick OBJ
servatory, whose success In photo
graphing the milky way has made
him famous, is to have charge of the
great ferkes telescope at Lake Geneva.
PROF. Z. L. BARNARD has been hon.
oredby the French Academy Of Sciences
with the Arago medal, the highest dis
tinction it could bestow, because of
his wonderful astronomical discoveries.
LIGHT passes from the sun to the
earth in about eight minutes, distance
%, 200, 900 miles. A locomotive travel
ing at the rate of a mile a minute
would require upward Of $50 years to
accomplish the same tourney.
Macon beacon. [volume] (Macon, Miss.) 1859-1995, 1894-03-17

II all the devils were cast out Of some
people they would look like walking skele-
ons,-GalveSton News.
Macon beacon. [volume] (Macon, Miss.) 1859-1995, 1894-03-17

THERE has been invented what Is
called a disappearing gun carriage.
The gun can be raised to the proper
level to fire n shot, md immediately
after discharging disappears from
sight for r~eloading.
Macon beacon. [volume] (Macon, Miss.) 1859-1995, 1894-03-17

How lie Mild Than

Lady of the House--I don't need an,
of your burglar alarms.
Ag~ent-That's just what the ladv
next o said.
Lady of the House ION the alert,-
Said what?
Agent-That it was no use Of ma
calling here as you had nothing to
steal. -
Lady Of the House (gritting her
teetk)-'iivc me three.-Texas S;ft.
ings.
Macon beacon. [volume] (Macon, Miss.) 1859-1995, 1894-03-17

Three hundred and sixty mountains
in the United States are over ten ,thc,.
sand feet high.
Macon beacon. [volume] (Macon, Miss.) 1859-1995, 1894-03-17
GLASS SCHEDULE.
ToBACCo ~sCHEpULg

The schedule Of the Wilson bill levy
ing a tax Of 81 per thousand on cigar
cites wrapped in paper IS stricken out,
and there Is substituted a tax on cigars
Of all descriptions, including cigarettes
weighing more than three pounds per
thousand, $ per thousand; on cigar
cites wrapped in paper, 81 per thou
sand; aud on cigarettes in tobacco SO
cents per thonMnl.
Macon beacon. [volume] (Macon, Miss.) 1859-1995, 1894-03-17
10000

r. tAs f-: 74- in vh5.h he ls-zzo- Co. a. ra,vsniant /.
EE1a ~ tts Ea11I iu'a v1leA IT'S eror-5zl sun va ~.
As ~ c7-szs e tr-H vay t5 lausa s~rr+a-i,s,s IS
r-lfs be- rex. k1-- --t yra4 ls-r tst1rs kzrd urs4 - IN
IL Fr5lrtt-z . t-s IL Asr-atr Ca. ,srsssw ;h1; ts-s.
IS se1t ts- tA--1E ia Ie7-ia n1 t'ssa~ ali had
rHE lERkoTas 60. FoRrsrEs IT LOOKS iHE.p, IT
INTAiFHN~ IT EN9Ts WHAT Il CVsfsd, N KNOWS
IT SHOULD b.
BA4ss @, is /; hn II s-o-z.-, .-srv ~ ,-rrs OF.
- taerz22i E-tatsy g: goes. nd Tea esds. n. cst.r
fs1au . r-8s.--te h.I bvsa. or rIstt kkre Der. III =.
i71az .i be dss1i fzsr Il all il sAe past n, r,
Il r-S@ra91p :-ztintas t-rsgt itatsns1; rs II.
'.r g De at-rtssl tll - hsT wa" After rsitr. dlu.
- A. ann. Nr-hht9oTrt "a . the snly i5iusto
ts'tt1 l.re Tr-E v-rss sts hard farrs we car Dol
II e. r jag -1se-4Es E.1ty 6t9u
We r1s fhs SCI H.---4 h-s reEr -25s re z5.sl "a
sa.-h he tet = CT ir5-st5-1 t1 czlT 2 q. y reu1e'y ~
Tr1NA ri On tef ea1slrrT g tfT'asa % ARE t.I vesky Il.
T=rlas5aas az ns .1s+a~ otus ~. b., to rs,sfr q or
rss,.a ts NE EiiLD THf BEST vi ES0W, sIGlRp.
iEss or cOSr, sl5 re believe we trs- bstt,r ,hsr ar,ssIy
We t7t- ina; tia z.i.L ,1rs..s t. Is, air, iii 81 ~
rssr BsrtsI IRE f.irs III IT,. s Ear ~ 4. 49,
ne s.r5sd vie , an s.i,a q. a. ia,s tx. III iS a.. 81
~ Ft.ti u'"i h. IA. ags q sintnliI Is tron a .-ty
last oaly ffom atg1Tta % N sshiA a. I-aE az tAs hsfhsd ar.
o'hsT tainss ielas equal. bit tAsy are ntt .qgsl. u. st,s;
nm h' a1a Tua1as4 hFo-sn it sa4 . fTs,.t to L.-.tI
ne vhrston q tie Thin psrt, 4, or.. ,rxk, %. pan, I
tr5{ " tla parts sare have u'sl gslyaai9s5 neal "a 81, I
y DEE fNsu Iass q c5lrts i' MT % goo3 Is painting si..
projected We EtIL6 ron me < aGEs. =. -sslt5t III
ios = POOR ra'atei wheel nor on. made Of E.t.i tair,a,
u. double pri,r fo pi n ''f W.. ZSS yes .'1i "a,
we know, and know. I4ZY irs tS.t -
1: 4; ID: 4: j.. i: :
Macon beacon. [volume] (Macon, Miss.) 1859-1995, 1894-03-17

rierce's Favorite Prescription, for leucon
inca ana uterine debility than l have fo,
and now weigh one hundred and sixtv.siy
pounds, whereas my weight for many wears
sSood at one hundred and Twenty Ave pounds.
With pleasure, | remain"
Yours trulv
Macon beacon. [volume] (Macon, Miss.) 1859-1995, 1894-03-17

Ursula, the Latin name, means !
she bear.
Macon beacon. [volume] (Macon, Miss.) 1859-1995, 1894-03-17

A SLIGHT COLD, if neglected al
me lungs. BRowS's BRoycn,Sl,llS !
give sure and immediate reI;oiH
Macon beacon. [volume] (Macon, Miss.) 1859-1995, 1894-03-17

IN IN LAWYERS OFFICE Semi. ;,
I Innaii p we go out and take de'' u
Junior Partner From Whom I"S !, y, |
Macon beacon. [volume] (Macon, Miss.) 1859-1995, 1894-03-17
MA~ HaAA4ex #aAA

The following is from Mrs. M. A. Meal.
lister, of Linn Rock, jackson Co.. Ala. 81
was in bad health age was working unon
me, and l had liberation of the Tom abb.
could not get about. l took DR.. Pierce,s
favorite Prescription and it cured me- 7 I
ley ten years younger. l have not had anv
return Of my trouble. I am the mother ~
.nrteen children and l am ffty-three years
have never seen a better woman's friend
1nan Your medicine. l have recommandeJ
10 10 my friends here, and it has never faiieJ
ma my case, So let me thank you for the
sood IL did me-" Yours truly,
Macon beacon. [volume] (Macon, Miss.) 1859-1995, 1894-03-17

How My THROAT Hrprs, IN,
use Hale's Honey of H"rs s,mW 1l9
Pixies Toothache Drops C urS 4 Y
Macon beacon. [volume] (Macon, Miss.) 1859-1995, 1894-03-17
SILK SCHEDULE

In the silk schedule, c4ried silk Is
changed from . cents per pound % %
per eentum al vo,orem; thrown and
spun silk from u to = per eentum Sd
valorem. silk laee> an reduced from
so 10 a Dar can-fm
Macon beacon. [volume] (Macon, Miss.) 1859-1995, 1894-03-17

mentS, which the house bill made free
have a provision, that sl the articles
mentioned, when imported from any
country which lays an import duty or
articles coming from the United states,
shall be subject 10 duties under exist
ing law.
Macon beacon. [volume] (Macon, Miss.) 1859-1995, 1894-03-17

Moods Pills are prompt and efficient yet
asy ia action, sold By 5l druggists &c.
Macon beacon. [volume] (Macon, Miss.) 1859-1995, 1894-03-17

Raw wool is left on the free list cy.
actly as In the Wilson bill. the pr1vi.
sion to 20 INTO effect Angus, ,. 1884.
In manufacture OF wool the valuations
a. given in the Wilson bin are stricken
out, and the schedules now read as fol.
lows:
Macon beacon. [volume] (Macon, Miss.) 1859-1995, 1894-03-17
IN section 80, which says there shall
be levied and collected a tax of ? per
cent on all dividends, etc, the commit.
tee strikes ont the folio WING.

PAD oy corporations or associations. or,antzad
io' proht by virtue Of the laws of tho Irni,eS
states or Of any states by means -,
which the individual stockboldcr is ~
any wise limited. n cash scrin
Or Otherwise; and the net income Of all snch
corporations In excess OF such dividends nm.
he'iies ana interests, Or from any other sourcas
whatever" ' 'oufoes
requirement THAI accounting Off.
Ger. must send in theirlist within thirty
Gays after any dividends become dpe
ana payable is changed to read;
Or before the 10Th Of he month following
payable ""o anu
The provision Of section 80. "tba,
TINS act shall not apply to the income
or dividends received or paid by such |
building and loan associations as arc
organized under the laws of aly state
or territory, and which do not make
loans except 10 shareholders within tho
state where such associations have beer
organized, for the purpose Of this
act dividend shall include every NJ o.
meht IN the way Of division among
tne owners OF tie stock or can.
IVA Of a corporation. or persons
emitted to a share OF its profits or in.
come whether such dividends are ma
'ot OF profits or not, or are paid in lash
or otherwise, is stricken ont.
an important clause added provides
Ina dividends or interest accruing 10
states, counties or Municipalities ana
dividends in these or annuities accrt.
ing 70 corporations or associations
organized and conducted solely for
religious or educational
purposes, Or to any trustee or other
judiciary. on stocks, shares, funds or
held solely for charitable
purposes, on salaries due TO state.
county or municipal officers. shall NOT
DC subject 10 such tax or deduction.
The house bill made It obligatory
upon all corporations paying any EN-.
a salary more than $4,000, to paw
the tax and charge it to such emplovc.
! he senate bill directs the corporation
report the salary paid, but gives the
empioye II right TO act al his own
financial agent in this transaction.
~ provisions making payment Of
Prize money the saine az income. from
salaries Il eliminated. :,
New-York tribune., 1894-04-08

standing-Currency notes. s207.6SS.927; gold notes
S9i.S7I: against which the Treasury holds 40
9o23S2 legal tender money for the reduction Oh
surrendered circulation.
In London British consols were again shaoe
lower 997s for money and s9 lois FOR the az
count. The Bank Of England gained Iurihei
rs 900 bullion on balance. In the open market
money was abundant at about rs per cent loi
discounts and 1N1i. Ter cent for daily balances.
Bar silver was .trady at ~ 3-l6d an ounce.
American railway shares were depressed pul
final declines wer- only small fractions Al rhilEs ~
French per cents closed a few centihleS Hls.r,
AT S939l2. although sight exchange on lOHu'"
higher at -. 10 II the sterling.
w J. HAYES 4 sons Of New-York. Cleveland
ana Boston. offer 10 investors selection 81
choice bonds netting from 10 per cent mn
descriptive circular il mailed t. investors Oh ap-
plication. If, .
John H. Davis & Co. offer to investors a line OF
railroad street railway. gas and other ilIs' in"r
gage bonds which have ha their carefu' 'i'Ne--
tipafion and pay > per cent aud upward upon
cost. .,...
The following table gives the current quota
tions Of city bank stocks. together WIN 'he'
New-York tribune., 1894-04-08
second Consolidated Mortgage Bonds.
Funded Coupon Bonds of lssoo.
and Income Bonds.

referring 20 our circulars Of January 81 and March 6th
l>al We inform You that there have been de-
posted with us pursuant to the plan Of reorganization
therein forth:
S26.5G9.OOO Second Consolidated Mtge
Bonds Of issue of............. S:'''o 'ioo
s:.,IIO. 900 Funded Coupon Ponds Of ls>'.
ont II an issue eof..................... Slo''i'4oO
si:.:..S: Income Bonds. out u an issue
Of %ooS'o'~
The new mortgage contemplated in our circulars has
been prepared experienced legal advice and
with the greatest care both to its egalties and pro-
visions and been executed by the Ne"-lork' Lake
Erie ana Western Railroad Company.
bonds secured thereby are now being engraved 70
enable their delivery 10 deposors.
Il will thus be that hat was proposed In our
circulars is nearing s accomplishment and the fore
going statement made in order that outstanding bond
holders may under misapprehcnson 10 the sltu
alton.
Desiring that they shall All have the fullest oppor
unlty to avail themselves Of the plan Of adjustment we
have decided to continue receiving deposits Of the bones
until such time as ready to deliver the new Sc
curtles reservng ourselves. however the right 10
terminate this offer II occasion should require
We are snl Of the opinion that. under the ordinary
condition of commercial affairs. and with suitable pro-
vision construction requirements such as the new
mortgage contemrates the earnings of the Erie prop
eriy will than sufficient TO meet It's fixed charges
as adjusted. in which the holders OF the ne"
bones will nave security which they can depend
but IT, contrary expectations there should be any de-
fault In payment interest the bonds have the beneh
Of 4 mortgage under which foreclosure can BE- promptly
secured and rights ~ the bondholders protected Win
ou delay thus ing the very serious difficulties whch
exist under the present Second Consolidated Mortgage
Furthermore the relations between the bondhoders
and stockholders properly established by the ne"
mortgage under it tho stockholders cannot ag' IN
force the bondholders make concessions when the
stockholders themselves would have been obliged to bear
n the Second Consolidated Mortgage had not contained
such unusual provisions.
We should be glad 20 confer with any bondho''er VINO
for any reason has delayed d~posling and may desire
further Information
DREXEI. MORGAN CO.
NEWlOlsk.
j. :. MORGAN CO...
LONDON.