davidaulloa/AmericanStories huggingface dataset:
St. Paul daily globe., 1895-12-26

table from the start. If the pro-
moters had any serious expectations
that the traffic of the system
rise rapidly enough to earn dividends
on stock and pay fixed charges, they
were disappointed. We doubt If they
expected it. They were, like so many
others of their kind, taking a short
cut to wealth.
There has been sharp scaling
down of nominal values in this re-
organization, but some of the evils
of the old methods have been re-
tanned. The common stock. repre-
senting the ownership of the prop
erty, is kept at $102, 100000. The sale
of the property in the foreclosure
shows that this value is almost
wholly fictitious, and the stock must
depend for it's value on the same
conditions on which the original
rapidly, it may get a value; If not,
it will have only nominal one, SIM
ply because it earns nothing. The
unfortunate holders of the old stock
had to put up $40 share as the
alternative of being frozen out. The
second mortgages and other Junior
membranes had to surrender their
bonds and take preferred, 5 per cent
non-cumulative stock for them. The
first mortgage bondholders get new
general mortgage bonds for rs per
cent of the face of their securities,
and receive 40 per cent Of the scale
down in new adjustment bonds and
l per cent in cash. The new cap
stock, $102, 100000; preferred stock,
Sill, 1856, 900; general mortgage fours,
SOC, 800, ,582; adjustment fours, $751;
72S,310, making a total of 1862, ,204, 1892.
This leaves the capitalization about
what it was before, but scales down
the interest charges from So, 9,536,0S2
to S4,500,000.
The assessments on the stock and
junior bonds raised 1857 ,644 in
| cash, $780, 900 of which will be ap-
piled to the floating debt and the re-
mainder used for working capital.
If needed, $3O,OOO,OO0 of bonds may
| be issued, not exceeding So, ,000,0 900 an
| nually, and after ten years 100000
annually may be put out. In addi-
ton to these provisions for the
solvency of the system, not exceeding
| SIT, ,000. 600 of prior-lien bonds may be
issued during the first five years,
taking precedence of all mortgages,
as an insurance against unforeseen
contingencies. These are precau-
tions against an income less than
| outgo, and show that the reorganiz-
ers are taking long look ahead for
any dividends on the common stock,
with passed dividends on the pre-
| ferred. 1t is evident that the time
anticipated by the G O b e has not
yet arrived when capitalization will
be based on present and actual
values. Further experience in in
! solvency courts must be had to make
so wholesome method possible.
St. Paul daily globe., 1895-12-26
ALDERMEN MEET TONIGHT.
Prospects Favorable for n Lively
Session.

The prospects for lively session of
the board Of aldermen tonight are ia
vorable. No new measures of impor-
tance are looked for, but it is more
than likely that the award of the gar
bage contract will furnish provocation
for dispute. There is a chance that the
board may concur in the assembly res
olution awarding the contract to Field
ing & Shepley, but such action will
scarcely be taken without a spirited
discussion.
Another measure that may meet with
some opposition is the ordinance ex-
tending for one year the time within
which the Fifth Ward Transfer COM
pany must begin the construction of
it's proposed railroad. The assembly
passed this ordinance last Monday
night by vote of eight to one. Wheth-
er the civic federation will be on hand
tonight to oppose the ordinance before
the board remains to be seen.
Of course the report of the Parker
retrenchment committee will be for
mally submitted, but 1t Is safe to say
that it will not be read aloud again.
St. Paul daily globe., 1895-12-26
ITALY IN AFRICA,

In the partition of Africa which has
been going ON now for many years,
England and Germany have so COM
pletely absorbed the public attention
that the efforts of Italy, in conquest
and colonization in Abyssimia have
been overlooked, until the defeat the
other day of the Italian troops by the
Abyssinians recalled to mind the fact
that Italy is having a share in the di-
vision of the dark continent. In the
native Abyssinians, England some
years ago found stubborn and
able opponent to her schemes of ter
ritorial expansion, an experience
that cost her $50,000,000 and the loss
of many lives. When later Italy
caught the colonizing fever, She took
advantage of the conflict of the
AbysSinians with the Mahdists, and
negotiated a treaty with King Meme
lik, putting all of Abyssinia under
her protectorate. This treaty was
subsequently rejected by Menelik, and
desultory warfare ensued, resulting
in his submission.
Under the guise Of maintaining the
protectorate, Italy extended her oc-
cupations from MassoWah, on the Red
sea, inland, and last summer, MeneEik,
becoming apprehensive of Italian ag-
gression, entered into negotiations
with Russia. The affinity, between
the religion Of Abyssinia and the Greek
church of Russia rendered the estaIb-
lishment Of friendly and diplomatic
relations easier, and since that time
Russian interference in Abyssinian
affairs has been quite prominent In
the recent battle with the Italians
it was a Russian officer who COM
manded the Abyssinians. One of the
events Of last summer was the en-
thusiastic reception at st. Peters,
burg of the Abyssinian ENJOYS and
priests, and the proclamation made Of
the identity of their religion. 1t was
Italian Jealousy of Russian interfer-
ence that prompted Baron Blanc
Italy's prime minister of foreign af-
fairs, to exclaim recently in the cham
Der of deputies: "The Emperor Meme
lik owes his throne to Italy, and in
return he has betrayed Italy"
1t is reported that King Menelik
was killed by a stroke of lightning
last October, and this revolt is led
by Ras-that is, general-Mangas
who is a son of King John, Menelik's s
predecessor. He is now leading the
revolt against Italian influence and
control, instigated in part, probably,
by the recognition by the Italians of
his cousin Menelik as king instead of
himself as Johns successor. He is
said to be an able administrator, a
valiant soldier and very Fbbtter
enemy of the Italians. The costly
experience of England and the char
acter of the Abyssinlians, taken with
the interest shown by Russia, prom
ise complications in that country that
may lead to interesting and exciting
oUents
St. Paul daily globe., 1895-12-26
HARD ON THE DRUSES.
Over 1900 Killed in a Fight
With Turks.

Over 1900 Killed in a Fight
With Turks.
CONSTANTINOPLE Dec. "a, via So
fla, Bulgaria, Dec. 25.-Advices receiv-
ed here today from Beirut report that
a severe fight has taken place between
the Turkish troops and the Druses near
Zudich. The fight took place on Dec.
q, and, according to the official report,
the Druses lost 12,2OO killed, while only
seventy Turks were killed and fifty
wounded.
The representatives of the powers
yesterday entered a. protest before the
commission which controls the execu-
ton of the reforms and Sir Philip Cur
rie. the British ambassador, demanded
the immediate recall of the kadi of
Mush, who is accused of melting the
Mussulmans to disturbances. 1t is re-
ported from Marsus that disturbances
have occurred there between the Mus
sulmans and Christians. The outbreak,
however, was soon quelled by the
authorities. This disturbance is be-
lieved to explain the arrival of the
missionaries and Christian families at
Mersina Dec. IL.
Advices from the island of Crete say
there have been no fresh disturbances
there. 20
St. Paul daily globe., 1895-12-26

No wonder the old line gas COM
panies are Fastening to absorb the
monopoly of making and selling
acetylene gas. The tests made of 1T
demonstrate it's superiority to gas or
even electricity as an illuminant. One
jet of acetylene, giving flame about
as large as a twenty-fve-cent piece,
burning three-fourths of a foot an
hour, made a gas jet, burning 51s
feet an hour of common gas, look pale
and sickly, with blue and dull red
color, and, by comparison, when the
acetylene was turned off, the room
appeared dark. Again, three acety-
lene jets, using the same quantity of
gas an hour, rendered of a dull red
the light from two twenty-five-candle
power and one 1O0-candle power in
candescent electric lights and two
ordinary gas jets in a room fifteen
feet square.
St. Paul daily globe., 1895-12-26
WRECKAGE WASHED ASHORE.
The Gales on British Coast Have
Caused Many Disasters.

LONDON, Dec. 25.-The heavy gale
has continued all around the coast Of
Great Britain and Ireland and many
small wrecks have occurred within the
sight of those on shore, and, besides,'
much wreckage has been stranded, tell-,
ing of further disasters Of which de-
tails are not yet known. The greatest
anxiety is felt for all vessels due and
unreported. Several gallant rescuesi
are reported to tighten the dark pages,
of disaster and death. Fai
The Trawler Sunrise took refuge at
Aberdeen in a much damaged condi7,
ton, five of the men on board havTr
ing been drowned. Friends Of the
crews Of the vessel gathered on the
shore, and there are heartrending
scenes among the helpless onlookers
on the havoc wrought by the sea.
In KingStown bay the bodies of a
crew of a. life boat which yesterday
went to the rescue Of vessel which
was flying signals of distress, but
which was capsized before reaching
the ship, are coming ashore.
St. Paul daily globe., 1895-12-26
RAILWAY REORGANIZATION.

The Atchison system follows the
Erie out of bankruptcy and a receiv-
ership through the process of reor-
ganization. Recently the main lines
of the system were sold under a de-
cree of foreclosure of first mort
cages, on judgment for some S140,-
100000, to the committee of the new
company for 100000, 900. The cause
of the insolvency of this great sys-
tenn was the exploiting it had been
subjected to by it's promoters, who
capitalized it in stocks and bonds at
a figure ON which the earnings of
the roads would not permit the pay
ment of the interest charges, to say
nothing of dividends on the stock.
The panic Of 1898, with the re-
sulting loss of earnings, merely
precipitated a result that was inevi-
St. Paul daily globe., 1895-12-26

for the month of October are over
$4,000. These, the commissioner
states, would have been much larger
but for the reduction made in the
price of liquor. With that reduction,
however, the receipts have largely
increased, rising from $44,64O in Au-
gust to $90.S59 in September and to
Sill, ,79S in October. The opposition
to the system, that in it's early stages,
led to riot and bloodshed, seems to
have wholly disappeared; probably
as much owing to the appreciation of
the benefit to the school fund, to
which the profits are devoted, as to
the energetic enforcement of the law
by Gov. Tillman. This acquies-
cence is evident from the increased
business, which now requires the
main office to be run night and day
to it's full capacity. "''
The state has invested in the busi-
ness, including liquors purchased,
$2S4936, and the total profits accru-
ing to the school fund from the be-
ginning Of operations to the 1st of
October are $21O,6OS. In thus monop-
olizing the liquor traffic, South Caro-
lima has taken a step in advance, but
logically in line with those states
which either impose tax or require
a license as a condition Of engaging
in the business. South Carolina thus
occupies a middle ground between
the radical prohibitionist, who
would totally abolish the manufact-
ure of or indulgence in intoxicants,
and those states, like our own, which
recognize the evils Of the traffic and
seek to limit it by imposing a heavy
license upon those engaged in the
business. 1t is rather of a revolu-
ton, however, which turns an old
Democratic state like South Caro-
lima into one thus experimenting in
state socialism.
St. Paul daily globe., 1895-12-26
THE MAKING OF BOOKS.

So far from there being apparent
any end of the making of books, the
growth of the congressional library
attestS the fact that we are just at
the beginning with no end of the
deluge in sight. In 1870 the law Of
copyright was revised, and stringent
provisions made for obedience to the
neglected old law which required a
copy of each copyrighted book to be
deposited in this national library,
The effect became manifest in the
increase of books thus deposited. But
the startling fact that appears is the
swelling, year by year, of the tide of
publications flowing from the presses
of this country, not to mention for
eign importations.
In 1864 the library Of congress con-
tanned 10000 volumes. 1t now has
within the spacious walls of the new
building over 725,O0O. Since 1870 over
100000 copyrighted volumes. maps,
charts and other publications have
been deposited in the library. The
$500 that were received under the
law in 1870 became 1928 in 1874, 20,6S6
in 1880, 26, S93 in 1884, 42,75S in 1890 and
62,762 in 1894 The yearly increase
has been steady. In no year except
1875 has there been less number than
in the preceding year. The panic of
1873 reached the book trade in 1875,
when the number fell to 14,364 from
1928 in 1874. But such momentum
was acquired after that that the
panics of 1884, 1890 and 1898 made no
impression on the output of books.
Undoubtedly this is due to the i'm
mense decrease in the cost of publica-
ton. The typesetting machines, the
rapid presses, the automatic binders,
with the lower cost of all material
have accelerated immensely the facil-
tiles for making books cheaply. AS
one looks over the book stalls or reads
the announcements Of new publica
tions, the wonder rises as to where
the market is that can consume all
this immense and steadily growing
flood of books. But 100000 of peo,
pie, educated in the common schools
of the country, so many of them read
erS that the black streak of Mliteracy
is hardly perceptible on the diagram,
furnish a robust and hungry mar
ket for these products of brains and
presses. Here again we see, too,
another illustration Of how elastic is
the buying impulse Of the people, and
lease that comes when prices lower.
Cheap books have widened the circle
of buyers and readers of them. Each
successive reduction has added am
other zone of readers. The remark
able leaps made in the numbers indi-
eating the yearly deposits of books in
the congressional library indicate
plainly that the increase in book-buy-
ers is at least proportional to the de-
crease in cost. Could it be ascer-
tanned accurately it would probably
exceed the cost decline; as, in other
lines, it has been shown that de-
crease Of cost leads to much more
than proportional increase of use.
St. Paul daily globe., 1895-12-26
cAROLyNA,s EXPERIMENT.

Information as to the operation Of
the monopolization of the liquor traf-
fic by the state of South Carolina has
evidently come largely through jaun-
diced sources. The general impress
sion derived from the news from that
state is that the effort is largely a
failure, and entirely so pecuniarily.
1t will be a surprise to most readers
to learn of the financial success of the
movement. The net accrued profits
St. Paul daily globe., 1895-12-26
ouietIy Emitted His Wife

CINCINNATI, Dec. 25.-Alex Knop-
fel, wealthy Bay City. Mich. broker
is mysteriously missing. lie and his
wife have been travelling south. He
has been ill and slightly unbalanced.
They were on their home from Jack
sonville and stopped Off here, register
ing at the BUnet house. Tuesday
night, about II C'clCCk, knopfel left
his room and walked out and has not
been seen since. His wife missed him
and has had The police hunting her
husband ever since.
St. Paul daily globe., 1895-12-26
AT THE THEATERS.

The American Extravaganza COM
pany in their greatest spectacle, 'Sin-
bad,' played to two large and enthu-
siastic audiences at the Metropolitan
opera house yesterday. "Sinbad will he
repeated the balance of this week, in
cluding the usual matinee Saturday.
Two of the largest audiences Of the
season were assembled at the Grand
yesterday to see '"The Devils Auc-
ton" This attraction will continue
throughout the week, with another
matinee on Saturday.
St. Paul daily globe., 1895-12-26

Fitzsimmons has crossed over to
Juarez. Mex, and will train in the
old lottery building. AS prize fighting
is decidedly on the lottery order, the
selection of the training quarters will
strike the average reader as just the
St. Paul daily globe., 1895-12-26

Recent photographs of Thomas e..
Platt's mother indicate that she was
a very good woman. Tom is quite a
wise man, but his religious traits have
not been developed to any extent since
he went into politics.
St. Paul daily globe., 1895-12-26
George d. Rogers Entertained.

George d. Rogers who was recently
promoted in the service of the North
ern Pacific road, celebrated the fact
yesterday by bidding a few of his
friends to Christmas dinner at his
home on College avenue. He acquitted
himself quite as creditably as host as
he has in the past in business capaci-
ty, and entertained his guests i'll hap
py manner
St. Paul daily globe., 1895-12-26
That Armenian Is Doomed.

WASHINGTON, Dec. 25.-The Turk
ish legation received from the Sublime
porte the following telegram under to-
days date: IAN Armenian priest be-
longing to the revolutionary commit
tee was arrested at Marash. His
whole correspondence with the chief
of the zeitoun insurgents was found
on him."
St. Paul daily globe., 1895-12-26
Thieves Robbed the p. ii.

CHICAGO. Dec. 25.-Last night
thieves broke into the post0Eice at
Harvey H.. and camied away $500
worth of postage lamps enc SS9j in
money The rostSoactas, jeremiah
O'Rourke. is > uoor l.au a"a the loss
will fal! very heaviiy- lDon bin.
St. Paul daily globe., 1895-12-26

The good people of Montana are
crazy on the subject Of free silver.
Asked for his best sentiment on
Christmas, Gov. Richards telegraphs:
'Peace on earth, the free coinage of
silver and good will to man."
St. Paul daily globe., 1895-12-26
DAILY MEANS.

Barometer. 29S1; maximum temper
ature, %: minimum temperature, 16
daily range, 10; state of weather, clear
precipitation melted snow), II inches
direction of wind, west.
Note-Barometer corrected for tenn
perature and elevation.
P. F. LYONS,
Observer.
St. Paul daily globe., 1895-12-26

EVEN, Mich, Dsc. 25.-The EX-
charge hank has failed It's liabilities
are estimated at $4,000, with about
$500 assets. Gas bier Gardiner says
that the faijurc is due to hard times.
Village funds arc involved in the fall
St. Paul daily globe., 1895-12-26
Fmtal 20 CuttIe.

SUSQUEH ANNA. IA. Dec.-25-For-
ty-nine valuable Jersey cattle on tho
stock farm OF Zion. Alvin Deveraux,
near Deposit, N Y, just across the
state line. which were infected with
tuberculosis. were killed yesterday by
order of the New York state board Of
health.
St. Paul daily globe., 1895-12-26
PROOF AGAINST BULLETS.
Skin of a German Which Is I'M
perviOus to Heavy Shot.

In Berlin a Cingalese battles all
Investigations by physicians by the
impenetrability of his skin, says the
London Graphic. The bronzed
easterner, hercules in shape, claims
to have found an elixir which will
St. Paul daily globe., 1895-12-26

With the beginning of the year
numerous presidential booms will be-
gin to roll down hill
St. Paul daily globe., 1895-12-26
GENERAL OBSERVATIONS.

United States Department of Agri-
culture. Weather Bureau. Washing
ton. Dec. %, GAS p. m. Local Time,
S p. m.. 10Th Meridian Time.-Observa-
tions taken at the same moment of
time at all stations
St. Paul daily globe., 1895-12-26
WEATHER FOR TODAY.

WASHINGTON, Dec. 25.-Forecast
for Thursday:
For Minnesota-Fair; colder in south
ern and warmer in extreme northwest
portion; westerly winds.
For Wisconsin-Fair; colder in south
ern and eastern portions; westerly
winds.
For the Dakotas-Fair and warmer,
winds becoming southwesterly.
For Montana-Fair; warmer in east
ern nortion: westerly winds.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1895-07-24
THE DIAMOND,

PITTSBURG, July 2S.-Pittsburg, 5;
base hits, 9; errors, l. Baltimore, 4;
base hits, II; errors, 3. Ten innings.
Batteries-Hart and Merritt; Hoffer
and Robinson.
LOUISVILLE, July 23.-Louisville-
Philadelphia postponed on account of
rain.
CINCINNATI, July 23.-Cincinnati. 3:
base hits, s; errors, 6. New York, 4:
base hits, 10; errors, 1.
Batteries-Parrott, Phillips and
Murphy; Clarke and Farrell
ST. LOUIS, July 23.-St. Louis, s.:
base hits, Y; errors. 6. Boston, 10:
base hits, IL; errors, 5.
Yatteries-Staley and Miller; Dolan
and Ryan.
CLEVELAND, Ohio. July 2S.-First
game: Cleveland, 9; base hits, IL: err
rors, 2. Washington, s; base hits, IA:
errors, Z.
Batteries-Zimmer and Wallace.
Cuppy and Mcguire and Anderson.
Second game: Cleveland, s; base hits
6; errors, i Washington, 8; base hits
g; errors, 3.
Batteries-Zifnmer Wilson, Young.
Mcclure and Mercer.
CHICAGO, July 23.-Chfcagc, 8: base
hits, 10; errors, 3. Brooklyn, 6; base
hits, y; errors 4.
Ratteries@Griffitfl and Kittredpe.
Daub, Stein and Grim.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1895-07-24
Bad at Bradford,

BRADFORD, Pa, July pa cloud
burst occurred here last night and all
railroads and their branches have been
blocked by washouts and bridges
swept away. 1t is impossible to reach
Scottdale, where the worst trouble is
feared. The water fell in sheets. The
Mount Pleasant accommodation train
was chased by the storm. Five
minutes later the track was under
water and the Prick coke works here.
Boulders Weighing hundreds of pounds
were rolled down the hillside by the
storm. The county bridge over Ganley
nun was torn away and swept against
the Baltimore q Quincy railroad
bridge. tearing it out. The tracks here
are covered with mud. Dozens of farm
animals were drowned in the rush of
water, which receded almost as rapieIv
as 1t came. Houses in ireek bottoms
were flooded five and six feet and mar
row escapes from death occurred.
Wrecklng crews are working at the
debris.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1895-07-24
KnnSaS Also.

DENVER, July ga News special
from La Junta, Colo, says: The heavy
rains since Sunday have flooded the
country east of Nepesta, to Lakin,
Kan, and swelling the Arkansas river,
which is is feet inches above low wa
ter mark at La Junta, inches higher
than ever known here. The county
wagon bridge near here, nearly 1000
feet in length, has gone out and the
families in the lowlands have moved
to higher ground. There are no IA
talities reported, the people anticipat-
ing the rise, but thousands of dollars
in property, fumes and bridges will be
lost. Timpas creek is far out of it's
banks. The county wagon bridge
washed out and struck the Santa Fe
railroad bridge, a mile below, knock
ing out two bents and otherwise dam
aging the bridge so trains cannot
cross. The High Line and Holbrook
bitches are broken, but not seriously
All the fumes in this section are
washed out.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1895-07-24
CLAIMS TRINIDAD

NEW YORK, July ga Herald dis
patch from Buenos Ayres says: A
correspondent in Rio Janeiro telegra phs
that he is advised by the English iega-
ton that England claims the island of
Trinidad as her own. One cargo of
coal, it is reported, has been landed
ON the island already. In view of this
II was decided by BraziPs cabinet to
formally protest, and message to
that effect was at once sent to the Bra
IN minister in London. Fiery articles
nave appeared in Brazil papers. de-
priation of territory belonging to PR
I'll, as that country affirms. The cor
respondent says that these articles
ask particularly where the Monroe doc
erlne applies now. They desire to see
II used as political medium in settIine
TINS question. Senior Gabriel, governor
OF the territory of Amapa, has arrived
IN IN Fara and says that in many cases
tne french marines provoked the
trouble in the territory. Inc