davidaulloa/AmericanStories huggingface dataset:
The sun. [volume] (New York [N.Y.]) 1833-1916, 1897-09-20
SPEYER e. CO.,
80 BROAD STREET.
The Union Pacific. Denver & Gulf
Railway Company. 4

Tho Undersigned. representing q majority OF the
consolidated mortgage bonds Of the Union Pacific.
Denver and Gulf Railway Company. issued under ito
mortgage dated April l, lsVo. have been constr
tuted q committee for the protection Of the Interests
OF the consolidated mortgage oondholders. under an
agreement. dated September Is. 1897, copies OF
which can bs obtained at the once of the Depoat-
tary, Central Trust Company OF New York. No. 81
Wal street, y. y. or Of the agency of the DEPOSIT
tary. the American Loan and Trust Company. No. 50
State Street. Boston. Mass.
Holders of consolidated mortgage bonds may de-
post the same with the Deposltary in the City OF
New York. or IN Boston st It's said agency, on or be-
fore the frat day OF November. 1897. Certificates Of
the Depository will Re issued for the consondated
mortgage bonds so deposited, and an application VIII
be made. as soon as practicable. TO have such csrttn
Gates listed upon the New York stock Exchange.
Dated New York. september Is, 1877.
G~RENvILLE ~. DODGE, ChairPaA
GEoRGE VI. PULLMAN,
J. KENNEDY TOD.
OLIVER ANES. u
HARRY %
HENRI htD1s' Il
hhNhe LEsi' ~
Conatateas
J. T. GRANGER, Secretary
o s. WISE,
(. HENDERSON, Counsel.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1897-09-20
finauriaI.
OREGON IMPROVEMENT
Reorganization.
NEW YORK, s.u, ,
BOSTON, 'SP'' . !

E N6sro S2RE Sept :, 1897.
To Deposltors OF Consolidated Mortgage Bonds
and Preferred and Common stock under tho
Plan and Agreement OF REORGANIZATION rep
resented BY the undersigned Committee nnd
To Holders of bonds and stock or tho OregOn
Improvement Company
This Committee has modified tho Plan Of Re
organization set forth in the Asrrcmen; OF May
30. 1896, under which this Committee is acting,
30 as to provides:
I. That the stock to be Issued by the new Com.
pany shall consist OF
n. Five per cent. 70 y cent? non.cumulative
First Preferred stock. for 81 $4,000.
b. Four per cent. "a = cent? n~Ou.cumulativo
Second Preferred stock, for : 1000. 900.
C. Common stock for $1,000, 900.
2. That holders OF Consolidated Mortgage
bonds and Preferred stock Of the Improvement
Company paying twelve and one.ha'f per cent.
u2la v cent upon the par value thereof, in &C.
cordNnCe with the terms Of said Agreement,
shall receive Nn equal amount, to wit, twelve
and one.half per cent. tl2La y cent.l in new First
Preferred stock, sixty per cent. 80 4 cent? in
new Second Preferred stock. and forty per cent
tI0 e cent? in new Common stock;
J. That holders OF Common stock paying ten
per cent. 40 y cent? upon the par value thereof,
In accordance with the terms OF said Agreement.
shall receive IN equal amount, 10 wit, ten por
cent. 10 Z cent? in new First Preferred stock.
and sixty per cent. t6O y cent? in new Common
stock.
The Second Preferred and Common stock arc
TO receive ratahly per share all dividends paid
In any year after pay ment OF 5 per cent. on
First Preferred. 4 per cent. on Second Preferred.
and / per cent. on Common stock.
A memorandum more particularly showing such
notifications has been filed with each Of the depos.
itaries under said Plan.
The time FOR payment OF tho second installment Of
the payments required under said Plan is extended
to SEPTEMBER GOTH. 1897. on or before that date
depositors O: Consolidated Mortgage bonds aud stock
should. besides paying said ~!nstallmer;, present their
Certificates 10 one OF tho depos!tsrles. to be so
stamped a. to show assent to the notifications above
stated; the Agreement OF Reorganization Of May 20.
1890. to be operative as II the Plan therein had C-iGi-
nAlly been as so modified.
The said notifications have already been Assented
to by the deposltors Of q majority In value OF said
Consolidated bonds.
The time within which bonds and stock may be de-
posted under the said Agreement OF Reorganization.
modified as above. without penalty. has been eI.
tended to and including SEPTEMBER 2JTI. 1897,
The two .~nstslimen,s OF tho payment required by
such Agreement and heretofore called. must be paid,
with interes: on the hrst thereof, at the timo OF
deposit
JOHN !. WATERBURY,,
r. COOLIDGE, JR-.
X. ROLLINs MORSE.
y. BACHE,
COMMITTEES.
SIMPSON. TEACHER L BARNUM. Counsel
The sun. [volume] (New York [N.Y.]) 1833-1916, 1897-09-20
Res'vc. sGs7. goa, 900 sl7s. sS4. 500 Dec. 81. 82l 800
Rs've I'd lSO.53I.l75 5-.gs9.0 25 Dec. l,547 $50

The surplus a year ago was $lO,43i,375 and
two years ago 3d., Ala. 500.
A committee has been formed. with Granville
NJ iouer 20 ~ phndp,,.I u -
Union Pacific, Denver and Calf Railway Com
pany. The committee already represents u ma
jority OF the bonds. and invites all holders TO
deposit their bonds with the Central Trust Com
PAW on or before Nov. l. under an agreement
looking to the reorganization OF the railway
company. The holders OF the first mortgage )
Rcent. bonds OF tho Denver. Texas and Gulf
Railway, OF the first mortgage 5 y cent. bonds
OF the Denver, Texas and Fort Worth Railroad.
OF the funded interest certificates OF the last
named. and OF tho stock OF the Union Pacific,
Denver and Gulf Railroad. are invited tn de-
post their ,ecurities with the same depository
and under tho same agreement as the console
dated bonds. Certificates OF deposit will DO
issued by the trust company, and an Rpplica-
ton 10 have them listed upon the New York
Stock Exchange will be made as soon as prsc-
ticable.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1897-09-20

FsH particulars in regard to the issue
may be found in the tolioning letter Of
Mr.. j. EduGrd simmons, President Of
the Panama Ruilr0dd Company, to 'chich
reference is made:
The sun. [volume] (New York [N.Y.]) 1833-1916, 1897-09-20

HENRY II.
MICHAEL H. cARpoZo. of Counsel.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1897-09-20
Oregon Improvement


The undersigned Committee approve the Plan Of
Reorganization OF the Oregon Improvement Company
set forth In the Reorganization Agreement dated May
Goth, 1880. known as the plan q the Waterbury Com.
mittee. the same having been modified In pursuance
OF an agreement with the undersigned IN manner as
shown by memorandum filed VITA the MANHATTAN
TRUST COMPANY. New York. aud the OLD COLONY
TRUST COMPANY. Boston. depositaries under SAID
plan, dated September 18th, ls97.
The undersigned declare their own plan abandoned.
and recommend TO all who have deposited securities
with the Farmer Loan and Trust Company there
under to at once withdraw the same-wntch may be
done without chargc-aud deposit them with one Of
tho Repositories above mentioned under said plan OF
the waterbury Committee As 50 modified.
NEW YoRK September sth. 1897.
ii. AMY,
HENRY X. McHAR9>
yrcuIrr ~ cIpDOzo NJ COUNSEL
The sun. [volume] (New York [N.Y.]) 1833-1916, 1897-09-20

SIMPSON. THAcHER L BARNUM, Counsel
The sun. [volume] (New York [N.Y.]) 1833-1916, 1897-09-20

The Treasury balance at the close of business
on Saturday was S2l7, $50, O67. OF which $iiJ,-
ass. O33 was gold.
The imports OF general merchandise, includ-
Ing dry goods. at the port OF New York last week
were SO. 727.6l3 against Sc. 469. 76S the previous
week and 49, IA. 70l for the corresponding week
of last year. The imports OF specie for the week
were Sl33. $50. OF which $95.515 WAS gold.
making total specie imported since Jan. /. So
746.l96. Exports Of specie were: Gold, S7.625.
and silver. SAB. $40. a total OF S72h. 94j, against
1854. 36l the previous week. The exports of
specie since Jan. ! have been: Gold, S2S. g3l. i3i,
and silver. 1874. l25,4l5. % total OF 1853, O56, $40.
The weekly statement Of averages OF the
CLEARING House banks shows:
The sun. [volume] (New York [N.Y.]) 1833-1916, 1897-09-20
finanriaI.
Central Pacific Railroad Company
1st Mortgage Gold Bonds.


once OF the Central Pacific II. n. Cos
san Francisco. August nth. 1897.
THIS company has made arrangements to extend
Its tqS. Ssa.o 900 First Mortgage Bonds, maturing jan
ulry 1. lsgS.. 80 that the Principal thereof shall be
come due "a follows:
Sc. o95. COO. series a. ON December ,, 1909
81. 600. 900. series M
81. 900. 600. series ~ or Dscembcr 4. 1859
sI.asa 900, serIes n
So. 0DT. 600. SERIES * on June I, 1900
s3. ODn 900, series 'F'O
so. 900, 900. series e. u ,oau
81, OGO. 900, scriss 80"
81, 5II.OuO series
with iatercst meanwhile at the rate Of 5 per cent.
per annum. Principal and Interest payable in U. q
Gold Coin.
The right Is reserved TO redeem the Bonds 20 en-
tended at any time on paying to the Bcndholders the
por or face volup Of the Bonds and interest thereof
at tho rate Of Il per cent. per annum from January i.
lsVS, In L. :. Gold Coin. less such interest accrued
subsequent TO that date, as may have been paid there
OH before such redemption thereof.
The right Of the BundholIers to avail Themselves
OF such extension has been reserved to such holders
as. ON ON BEFOuE no. 1897. shan
present their Ponds FOR that purpose AT the ONCE Of
Mcssrs. SiEN Ell 4 C0., NEW WORK.
The Extended Bonds viii DC stamped to show the
extension, and new Coupons win be annexed repre-
Scntiug future interest.
Copies ur the Extension Agreement can be -
ta,ucd at the Comrany's crrte and al tho once of tha
Bankers ucfyEe mentioned.
ISAAC l.. EEoCA.
The San Francisco call., 1897-02-25

its just debts, to which the Governor re-
toried severely that the State of California
had never repUdiated its just debts.
That may be true" replied Mr.. Brown.
''out notice that it has done so on mere
technicalities.
Don. you think" suggested the At
torney- General, that in order 10 save
time, trouble and expense to the Leglsla-
ture it would be better to- recommend an
amount sufficient to carry the office until
the ad djournment OF the Legislature?"
1he GoVernor said that he would neither
recommend nor sign bill for more than
SIC, 600.
Its no use to prolong this contro-
versy," said Mr.. Brown, taking his hat
ana walking toward the door. THE Gov
ernor says he won't sign for any more
than 200. and I'm going home"
:, Record Mr.. Brown as voting aye on
the resolution" said the Governor 10 Sec
retary Markley, "and 1 vote 'aye;' Gen.
erai fitzgerald votes no.
No. don't vote no. said the Attor-
ney-General. II don't wish TO make any
recon- m endation whatever to the Legis-
lature"
Governor Budd inquired of Assembly
man Leavitt whether he would recon-
mend to the Assem- bly, tom orrow the
passage of the $40 600 bill.
NO, sir" replied Leavitt; ''you can ask
Mr.. Shanahan TO do that
Oh, then you are making q matter OF
politics out of this said the Governor.
No. replied Mr.. Leavitt. "I believe
that the State Printing Office requires
$I5,OOO, and l don't want to recommend
any smaller amount"
Then Mr.. Leav.tt, little white about
the gilIs, went out of The room.
The Governor announced that the board
would meet al 10 o'clock tomorrow 10
investigate the $35, 600 bill.
The San Francisco call., 1897-02-25
SENATE PhOCEED1NGs.
Hork of a Day Ira the Upper House
the legislature.

Hork of a Day in the Upper House of
the Legislature.
SACRAMENTO, CAL, Feb. Ex-senator
Wolfe's motion TO reconsider the bill en-
powering the Attorney-General to bring
suit for dissolution of corpora tions for
violation of provision, was defeated in the
Senate this morning, as was also the BILL
Tie bill increasing the powers of Arch
bishop Riordan of San Francisco was re-
considered, amended so as to cover the
points raised by tbs opposition yesterday
and finally passed.
Wilmington 9iu >'sting defendants
in civil cases to e., =, -aI instead of
specific denials W-, -.Nnsidered and
passed.
Smith moved nat ar nrgency file be
maoe up by the Senators tt~ morrow nj orn-
ing 10 be considered 81 she evening ses-
sion. Referred to the ;.3mmittee on
Rules.
After sharp dessse Bsri's bill compel
ling foreign insurance cora Sanies to de-
post 500, GOO was passed by vote of %
to 10.
The conference eosnns7sEse appointed
on the matter % sEeeFiiGg the prln ting
office reported 10 t@S S.aste this after
noon, recon- aendij-ss lat the Senate re-
cede from its amenG -zent to the investi-
CATION resolution providing for the APP
pointment OF experts by the majority
only.
After discussing the matter at some
length the report was adopted.
The Lieutenant-Governor announce d
that he had received a communication
from the State Printer refusing any
amended or enrolled bills, for the reason
that lie could not return them in the
statutory time.
The following Assembly bills were
passed: By Caminetti, permitting a
change of venue upon affidavit of the de-
fendant of his belief that he will not re-
ceive fair trial; by Shanahan, relating to
the redemption of property sold upon
execution. Elliotts bill relating to the
management ana control of community
property was defeated.
S. J. Jacobs was appointed bill clerk to
ELL the place OF George w. Roche, re-
signed.
A resolution was adopted requesting the
Sta lie Printer TO bind all Senate bills, as
introduced and amended, in volumes of
200 pages each.
committee was appointed to confer
with like committee from the Assem- bly
with view to abrogating the joint rules
limiting the time for the introduction OF
bills.
The Senate tonight passed the follow.
nhS oite' AutuoTIZiuS tue secretary OF
State 10 employ an additional clerk
TO keep accounts in the supply de-
partment; providing against the ab-
sence of officers from the State; fix
ing rules for determining questions
of residence; making it a misdemeanor to
infringe on trademarks by refiiling OF
otherwise; providing for the maintenance
of orphans and foundlings; regulating the
business of pawnbrokerage.
Sfrafton'a hill Dr0hih,tipo
ment of convicis in State prisons in the
manufacture OF textile fabrics other than
jute grain bags and regulating the price o.
sucn bags was refused passage.
Halls bill authorizing the Harbor Com
mission to maintain a free market on Sar
Francisco water front was made special
order for to- morrow morning.
The San Francisco call., 1897-02-25

simply laid off, and Mr.. Watts had moth
ing to settle in his official capacity.
State Printer Johnston informed n CALL
correspondent that he had requested the
pressmen to remain at work until after
the meeting of the State Board of Exam
liners tomorrow, but that they decided to
go out to-day. They thought that they
had remained in the Office too long. Up
to date including all claims, there Is be-
tween $3S, 900 and $40, 600 due the Office
The Examiner of yesterday morning
contained an article charging that while
Johnston had used only little more
stock and material than his predecessor,
Captain Young. his bills were much
larger in proportion to the quantity OF
material used up. Mr.. Johnston, in reply.
says that Captain Young did printing for
only forty different public Institutions,
while Johnston does the printing for
sixty-one. Another important item, he
says, is the fact that the price of stock is
about one-third of what it was eight and
ten years ago, and this fact will do away
with any apparent discrepancy on that
score. The State Printing Office now does
all the engrossng and enrolling of bills,
which work under Captain Young's ad-
minis tiHtiO WAS uOHe py C!erkS IN the
Capitol. This work alone for the last
three sessions aggre gated $4,000 worth.
AT $3.50 O'CLOCK Mr.. Johnston in formed
the Assembly that Assembly bills Nos.
S0S, 122. 27S, IS, 427. 440, 504 310, g. 653,
81, 297, S07, 2s1, 229, 3l2 and 174 could not
be engrossed because of the strike of the
pressmen.
When Governor Budd and Attorney
General Fitzgerald arrived tonight they
were met by deputation of pressmen.
who asked whether the two officials could
give them any direct assurance that their
wages would be paid. An answer was re-
turned 10 the effect that the Board of Ex-
aminers would approve of the payroll, aud
with this assurance the pressmen seemed
20 be satisfied. The State Printer himself
appealed TO the men tonight not to ham
per the work of the Legislature, and the
result was that the pressmen agreed to go
to work tomorrow morning on the Jour
nails, the files and other necessary printing
for the Legislature. As many compositors,
binders, etc., as may be necessary for this
work will be put on also.
The $40,0 900 which the Governor proposes
to allow, should the Legislature to-mor-
row pass such 8 bill. will pay the expenses
of the Office up to Saturday night. As the
payroll alone aggregates nearly $4,000 per
week, 1t is plain that all or nearly all the
employees would have to go home unpaid
next Saturday night, should the whole
force be put on.
The San Francisco call., 1897-02-25
LEES B1oOD IS BOILING.

Cannot Bedr TO Witness Indi0nfties
Heoped UPost His COWnfrynien.
NEW YORK, n. Y, Feb. 24.-The Ha-
vana correspondent of the Times, writing
under date of February 20, says:
General Lee to-day, in discussing his
course in connection with the arrest of
Americans, said:
Il am under orders from Washington,
and l must obey Instructions from head
quarters. The department authorizes me
to act a certain way, and but carry out
my orders.
Il came here unpreiudiced and deter
mined to form my opinions by what came
directly under my observation.
From the moment l landed. NV
American. blood began to boil and if 1 stay
here much longer and am forced to wit
ness the indignities heaped upon my
couutrymen without cause, it will liter
ally boil away. They trample on our flag
and hiss US on the streets.
Americans are murdered and impris-
oned, indignities are heaped upon our
women and every atrocity conceivable for
Spaniard to put on Americans is thrust
upon Us"
The San Francisco call., 1897-02-25
ASSEMBLY ROUTINE.
Kelsey RcLdaren Contest Decided
kelseu1s Euror.

Kelsey cLaaren Contest Decided in
krtsev's Faror.
SACRAMENTO, CAL, Feb 24-In the
Assent bly, this morning bill was passed
providing for the issue, sale or exchange
OF funding bonds of irrigation districts
organized under and in pursuance of the
act of the Legislature approved March Z,
1887, and to provide for the payment of
such bonds.
In the Kelsey McLauren contested cleo
ton the amendment to recommit to the
committee was lost by a strictly partisan
vote. After several dilatory motions by
the minority the report of the committee
seating Kelsey (R.) was adopted by vote
of 45 to 80 Notice of RECOMMENDATION was
given.
This afternoon the Assembly passed the
following Senate bills: Prohibiting the
appointment or election of receivers re-
lated to Judge; permitting the convey
ance OF community property by married
women, and limiting the time in which
action may be com menced by the hus-
band Ior recovery thereof; providing for
the disposition of life estates in home
steads and community property upon the
death OF the owner.
A resolution 10 rescind the order given
10 the State Printer for binding bills, as
introduced and amended, was lost
The second-reading hle was then taken
up and the Assembly shortly afterward
adjourned.
The Assembly tonight passed the fol-
lowing Assembly bills: Creating a public
school teachers annuity fund; to pay the
claim OF j. V. Hicks. on extradition OF ].
l.. Gibbs, from New York; enabling
cities incorporated under charters to
disincorporate; constituting it crime TO
counterfeit trade marks and fixing penal
ties; appropriating 1885 55 for W. w.
Foote for legal services in the case of
Lynch against Budd; 10 pay the
claims of the Report and Bulletin of San
Francisco for advertising constitutional
amendments; prohibiting the placing of
advertisements on the United States flag;
giving preference to goods manufactured
or purchased within the State on public
contracts; paying the claim OF Luke Cava-
nanch for transcribing testimony for the
Board of Health.
The San Francisco call., 1897-02-25
THE TOBACCO Trust.
In the New York Investigation MS Tesh-
fled That The Cigarette Output Has
NearLH Doubled

NEW YORK, n. Y, Feb. 24-There
was large attendance of spectators this
morning when the joint legislative CON-
mittee resumed its investigation of trusts,
monopolies, etc. On calling the commit
teo to order Chairman Lexow said the
coal trust would be taken up to- morrow.
President Duke of the American Tobac-
co Company again took the stand. He
said the American Tobacco Company was
capitalized originally at SIS 600, 600, which
was aiterward increased 10 $29, ,635, 600.
Approximately the Duke Company and
Allen & Ginter received 81, SOC, 600. Kinney
d Co., Kimball & TO. and the Goodwin
Company $2500,OO0. the Duke Company
receiving $6,000,000 for good will, such as
patents and trademarks.
About $5000,00 worth of stock was
issued for live assets OF the various COM
panies and go. 900, 600 for The good will,
trademarks ana patents. The witness
saidtwhen the stock was increased to 500,
835, 900 there were about forty stockhold-
ers; now there were between two and
three thousand.
Hedenied that his company had secured
control of all the cigarette making ma
chimes by combining with the other COM
panies. he said that prior TO consolida-
ton the five original com panies employed
1895 hands, and in February, 1896. the
American Tobacco Company had 80 14em-
ployes.
In reply to another question the witness
said that common stock in 1894 paid IL
per cent, IN 1895 it paid nothing, and in
1896 it paid 8 per cent in cash, and there
was also q surplus of ST. 400 COO Tue wit
ness attributed the decline in the price of
the stock from III to 63 to unloading. He
said that he had more OF the stock now
than ever before. He declared that the
output in cigarettes had almost doubled
since the consolidation.
Josiah Brown OF Springfield, N. j., Sec
retary of the American Tobacco Company.
was then called, but his testimony was un-
i'm portant.
Francis B. Thurber of the American
Publishing Com pany took the stand and
read long statement concerning the his
tory of the trusts. Mr. Thur Der said the
total result OF the combinations lntelli-
gently administered were beneficial to the
public at large and TO the laboring class.
He said there good trusts and bad trusts,
but the good ones predominated.
George b. Wheeler, wholesale cigar
dealer from Syracuse. the next witness,
testified that The American Tobacco Com
pany's factory agreement had wrought
him injustice in the fact that it refused to
sell him goods because he refused to buy
exclusively from it. The jobber. he de-
clared. could not do business without the
factory's agreement. The witness denied
that he was under salary with the Ma
tional Cigarette Company, a competing
firm.
Counsel for the American Tobacco Com
pany, who was present, at this point de-
clared that the witness was simply the
mouthpiece of the National Cigarette
Company who, he said, brought on all the
litigation against the American Tobacco
Company. The witness retorted that he
was responsible for that litigation and not
the National Cigarette Company. The
committee adjourned until o.morrow.