davidaulloa/AmericanStories huggingface dataset:
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1897-08-07

The fourth heat was a splendid dash.
Arthur Gardiner of Chicago won in
"a 1-5 seconds, with ]. A. Newhouse
of Buffalo at his pedals and A L.
Brown Of Cleveland just behind New
house.
fourth, with W. NJ. Randall of Roches-
ter a better winner in SO lis seconds.
Barney Oldfield was length behind
and Owen S. Kimball of Louisville
good third.
TWO MILE HANDICAP
The fourth event was the two mile
handicap amateur. first three to qualify.
1t was run in six heats. and about 40
We're entered. The first heat was slow
until the finish. C. w. Crick. 40 yards,
Sinking Springs, Pa, spurted and won
By a wheels length. Fred Schrade.
scratch, second; William G.. LIE Compile,
80 yards, third. Tinle-:45
Second heat-W. a. Ladue. 20 yards.
won; A. D. Goeller, scratch. second;
W. A Lantz. SIS yards. third. Time
5:49 2-5.
Third heat-Bo5 Milleh was scratch.
For a mile the line kept up a rapid
pace. but in the second they prone
naded Miller won, George H. Collett,
60 yards, second, C. M. Bly,, 40 yards,
third. Time-4:5S.
Fourth heat-F. P. Gastalder, 10
yards, won, E. C. Hausman. 20 yards,
second, 0. V. Babcock, 60 yards. third.
Time-i:34 3-S
Fifth heated Llewellyn. 60 yards.
won, Joseph P. Rogers, 100 yards. sec
ond, George B. Van Heest. 100 yards.
third Time-4:51 4-5.
Sixth heat-E. D. Stevens won. A.
NJ Zimbrach, so yards, second. II. w.
Middendorf. so yards. third. Time
4:42.
ONE MILE. 2:O5.
The next event was the one mile.
2:05 class (.rofessionaD run in five
heats, first two TO qualify.
First heat-The pace was slow and in
the last lap Clinton w. Davis crossed
first. Nat Butler hunted him down.
however. and came down in the stretch
even with Barney Oldfeld. but crossed
first by a narrow margin. Oldfield sec
ond. Time-2:52 "a.
Second heat-They loafed for two
thirds and finished easy. e. D. FIGHT
ner won, w. z. Becker second. Time
90
Time limit was 2:3O. Referee Gideon
decided no race and no run over
Third heat-Pop DamDman led the
field, and landed an easy winner. Ma
jor Taylor the colored lad from Cam
bridgeport, Mass, second. Tinle-2: &c.
Time limit, 2:30; no race and no run
ova--
Fourth heat-F. 4. Mcfarland won.
Fifth heat-This was splendid
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1897-08-07
A Good Wheel Wrench.

N;7ov York Evening Pest: A good screw
wrench is a necessity TO any one who de-
sires TO keep his bicycle in good order. If
fhe wrench is not true, it slips conlnUal-
" when used fer tightening or lOosentng
purposes. This not only means parked
knnclles and Iacerated fingers. but the
shar-e corners of the nuts themselves are
raDid3v worn away This MOI only de-
tracts from che appearance Of a wheel,
nnence Of the impossibil.ty of screwing
f,aezn up sufficiently. a screw wrench
should remain at one size without a
symptom of shifting, and then. ~ tleH
only, can q. good grip be secured.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1897-08-07
ROCK SPRINGS COAL STRIKE.
Lasted One Day and the Miners
Gained Two Points.

Rock Springs, Wyo., Aug. 6.-The
strike at the Sweetwater mine lasted
only yesterday. The men all went back
TO work this morning at the old rate,
concluding not to buck a powerful cor
DoratiOn.
The miners, however, gained two
points in having a check weighman to
insure accuracy in weights, about
which complaints have lately been
made. and also in having all material
TO be used in mines delivered by the
company where wanted without ex-
pense to the miners.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1897-08-07
BAD BLOOD ENDS IN BLOOD.
Arkansas Farmers Fight a Fatal
Duel.

Little Rock, Ark. Aug. 6.-Near Fair
view, in Dallas county, this morning,
Paul Horton shot and killed William
McCuade and made his escape. Horton
and McQuade were prominent farmers.
Bad blood has existed between them
for some time. The killing resulted
from an attempt Of Horton TO tear
down McQuade's fences Friends Of
both families are taking sides IN the
affair, and another feud which may
result in much bloodshed. is likely to
fellow
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1897-08-07
The u. S. Govt Reports
show Royal Baking Powder
superior to ali others.

Bv sending coupon ana 81 you can
secure Appleton's Stratford-on-A Avon
edition. II de Luke volumes, superbly
illustrated in photogravure, together
with a portfolio OF art plates made
in Paris by Goupil & Coz AS the
distribution is strictly limited to 200
sets prompt action is necessary.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1897-08-07

the fifth heat. Sam Brock and Jay
Eaton were on the 35-yard mark, with
Frank Butler at 80 yards. Butler took
the lead on the last lap, but Eaton
spurted from the tail end and crossed
the line an easy winner, F. c. Hoyt go
YARDS second, viii Corwin (75 YARDS
third. Time-4:50 3-5.
Johnny Johnson was unable 10 start
in the sixth heat Of the two-mile pro-
fessional handicap, and F. A. McFar-
land was the other scratch man, with
James A. Church on the 40-yard line,
F. F. Kammerat 55 yards and Frank
NJ. Dampman at 225 yards. Charles a.
Church won, G. S. Wells 600 yards)
second, o. L. Stevens GO YARDS third.
Time4:42.
ONE-THIRD MILE OPEN.
The next event was the one-third
mile open, amateur. to be run in ten
heats, first two to qualify.
First Heated Lleileyn, Chicago,
won; Fred R. Rattersly, ST. Louis, Sec
ond. Time-:45.
Second Heat.-John S. Johnson, Wor-
cester, Mass, won; A B. Goehler.
Buffalo, second. T1me-:45 20.
Third Heat.-Roy Dawson. Boonton,
N J., won; ]. ]. Howard, st. Louis,
second. Time-:47 %.
Fourth Heat.-F. P. Gastalder, Allen
town, Pa, won; Albert Bateman, Phil
adelphia, second. Time-:46 3-5.
Fifth Heat.-R. A. Miller, New York,
won; o. V. -Babcock, New York, sec
ond. Time-:44 3-5.
Sixth Heat.-E. d. Stevens. Buffalo,
N. Y, won; Fred ] Morse, Chicago.
second. Time-:4S 2-5.
Seventh Eeat-I. A. Powell, Nef
York, won; A NJ. Zimbrick, Rochester,
second Time-:47
Eighth Heat.-E. NJ. Blake, Keene, N
H, won; William II. Fearing, New
York, second. Time-:45 2-5.
Ninth Heat. Charles Coleman,
Scranton, won; Joseph p. Rogers, Phil
adelphia, second. Time-:45 Is.
Tenth Heat.-E. w. Peabody, Chi
cago, won; Club Nelson, Springfield,
Mass, second. Time-:45.
QUARTER MILE.
The third event was the quarter mile
championship, professional, and was
run in five heats, winners only to
qualify All the cracks were entered
in the first heat Major Taylor, the
colored crack from Massachusetts, took
the lead. Tom Cooper of Detroit kept
at his heels and won by Wheel
length. Time-:32 rs.
Becker, Loughead and Newton lined
up for the second heat, which Loug-
head, the Ontario boy, won by three
lengths. Time-:34 2-5.
Eddie Bald, A. E. Mertens of ST.
Paul, o. L. Stevens of Ottumwa, Ia,
and Harry West of Philadelphia
started in the third heat. Bald won
in beautiful squirt. Time-:s4-
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1897-08-07
Boston Wool Market.

Boston. Aug. 1.-THE Boston CONNER
cial Bulletin will say tomorrow of the
wool market:
The market continues to advance
slowly at the rate of about a cent a
secured pound each week. Michigan
was sold at 20 cents. The last sale a
week since was at 10 cents. Australian
had advanced still further. Best fine
selections cost 60 cents the secured
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1897-08-07
Chicago Grain and Produce.

Chicago, Aug. 6.-One-half of yester-
days decline in wheat was recovered
Immediately at the opening. Septem-
Der, which closed the day before at l512,
was wanted at from 7IQ7lA, and 1t
touched 771b before the first batch Of
buying orders could be all executed
The want of strong parties on the
bull side of the market soon began 10
be felt and from 771k, the highest point
September reached soon after the be-
ginning of the session. it declined irreg-
ularly during the forenoon to 1913, or
within nc Of the closing price yester-
day. The price of September worked
gradually up from around 1878 to n:
September eased off to 76ss. turned
strong again. and after touching l1s
eased off to 77@771s at the close Sep
TENDER opened 11s@1% higher at 7Ig
77A, sold between 1875 and H42, ana
closed at 77ss bid.
The leading futures ranged as follows:
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1897-08-07
EIGHTEENTH |, 4. v. MEET.
Fifteen thousand Spectators
Are Present.
WAS VERY SUCCESSFUL.
SEVERAL OF THE STATE REC
oRDs ARE SMASHED.

Arthur Gardiner Came Near Taking
Hamilten's Record From Him For
One Mile Paced-Starbuck Breaks
Kiser's Record = Honors Evenly
Divided Among the Amateurs
Today Promises Some Exciting
Contests-Great Time at Willow
Grove Last Night.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1897-08-07
For Seasickness.
Tee Horsford,s Acid Phosphate.

DR.. J. Fourness- Brice of S. S. Teu-
tonic saws: 4 have prescribed it in my
practice among the passengers travel
ing to and from Europe, in this steam
er, and the result has satisfied me tnat
If taken in time il WILL in a great many
cases. prevent seasickness-'
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1897-08-07
Lagoonl Lagoonl Lagoon,

Sunday afternoon. Aug. 8. 1897. the
great Union Quartette and Mandolin
club viii give three concerts, at 5, 6
and D. m. Trains every hour. start
ing at 1:40 p. m. Fare for cound trip.
including admission, % cents.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1897-08-07

New York, Aug. 6.-The following table.
compiled by Bradstreet's, shows the totai
clearances at the principal cities, and the
narcenrage OF increase or decrease. as
compared with the corresponding week
LAST year:
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1897-08-07

parties.
The sales of wool. as comparative re-
turns by months show. bear little re-
lation to the actual consumption in
manufacture, but heavy liquidation
since the new tariff bill was enacted
gives the impression that some dealers
are no longer confident of a speedy
advance Nevertheless, prices have
risen during the past few weeks nearly
I cent per pound
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1897-08-07
London FINANCES.

New York, Aug. 6.-The Evening Posts
London financial cablegram says:
Americans Doomed" today. but I use
the word more in the sense of New York
and continental buying than any real
rush for the stocks here. The profess
sional public here realized largely yester-
day and the continued advance in prices
in New York, with no setback, makes
them nervous about reoDening fransac-
tons, especially on the eve of the set
Element. Todays gains are 2 further adj
ver-ising of the American market, which
is the chief topic of conversation among
financiers here.
New York exchange is watched closely
Were i not fer the enormous shipments
of stocks to New York. gold movements
would be looked for soon- AS II is, Amer
lean bills for delivery ten days hence are
largely offered and shrewd quarters would
not be surprised to hear before long that
New York had engaged gold.
Today gold is in strong demand for
Australia, but / am told that the require
ments in that quarter may terminate
soon.
Kaffirs were good. considering that the
settlement begins on Monday. The Paris
and Berlin bOurseS were firm.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1897-08-07
WE'RE With THE MAJORITY
Salt Lakes Clearings Show
an Increase.
A FAVORABLE OUTLOOK
DUN AND BRADsTREET ARE
BOTH OF GOOD CHEER.

Fifty-Two of the Principal Cities Out
of the Seventy-Six Reporting
Show Gains Either Large OF Small
Western Live Stock Markets
Wall Street Fairly Active-Wheat
In Better Trim-General Glimpses.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1897-08-07

Don't thin your blood with sassafras
or poison 1t with bluemoss. but aid
nature by using DeWitt's Little Early
Risers, the famous little pills for con-
stipation, biliousness and stomach and
liver troubles. They are purely veg
etabie. A. c. Smith & c. D. Swift, 142
Main.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1897-08-07
AT WILLOW GROVE.

summary of the Great Bicycle
Events.
bicycle Track, Willow Grove. Pa.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1897-08-07

w. B. Johnson, Newark. O., says:
zone Minute Cough Cure saved my only
child from dying by Group" 1t has
saved thousands of others suffering
from Group, pneumonia, bronchitis and
other serious throat and lung troubles
A. c. Smith & c. D. Swift, 142 Main
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1897-08-07

and won by So yards. In the bunch
there was a continual shifting of posi-
tions. and it was dead heat between
Fred Titus and Fred Simms for second.
TT d !. L. IL
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1897-08-07
NEW YORK MINING STOCKS.
SAN FRANCISCO STOCKS.

San Francisco, Aug. 6.-The official
closing quotations for mining stocks to-
,7o.- xr-era aS foIio1us-
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1897-08-07
DOMINION OF CANADA.

Totals, U. Isl, 141. $50, 763l %
Totals outside N. Y. 452, $50, 1888 8
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1897-08-07
TRIAL HEATS.

The afternoon races opened with the
postponed trial heats. TIE first of
these was the one mile championship
run in eight heats. first two
The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1897-07-09
IRELAND WINS THE BANNER
Awarded for Greatest Gains in Num-
Der of Endeavor Societies.

San Francisco, July 9.-Ten thousand
people filled Mechanics Pavilion as
early as half past nine yesterday morn
ing and crowds of delegates and visitors
VINO came later were turned away no
room being left for them on the inside
The scene inside the hall was a vast
and happiness with the thousands
eager to applaud or cheer at every op-
portunity.
The formal opening was by Rev. F. E.
Clark, founder and president of the
great Christian movement.
DR.. Clark was received with frenzied
applause by every person in the build
ing. Every man, woman and child
ing aloft flags, banners, handkerchiefS
and in fact every conceivable object to
be had. The demonstration lasted sew
eral minutes and the doctor appeared to
be much affected with the hearty ap-
plause. Secretary Willis Baer formally
opened the convention at this meeting.
The next incident was attended with
wild demonstrations of enthusiasm. 1t
was the presentation of the badge ban
ner to- the country making greatest pro-
portiOnate gain in number of societies
during the last II months, which has
been in possession of Scotland during
the past year. 1t was won by Ireland
and was presented in behalf of the
united society by Rev. Charles A. Dick
inSon of Boston.
The junior badge banner given for the
greatest proportionate increase in num-
Der of societies during the last twelve
months was awarded to Spain. 1t was
presented by w. H. VogIer of Indianap-
oils in an address. 1t had been in the
possession of Mexico.
After singing by the monster choir,
the Mechanics Pavilion meeting ad-
journed until evening.
An incident of the meeting in Wood
wards Pavilion which caused long con-
tinued applause was the reading of the
following telegram from the president:
Washington, D. c., July John Will
lis Baer, San Francisco:-Best wishes
for the success of the convention.
WILLIAM MCKINLEY.
The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1897-07-09
WON'T WORK UNDER GUARD.
Miners Decline to Work Under Pro-
tection of q. S. Marshals

Wheeling, w. Va, July 9.-United
States Marshal Devanney of Cincin-
natl; accompanied by a large force of
deputies, passed through Wheeling yes
terday on a special train for Dillon
vale, up the river the line of the
Wheeling & Lake Erie road, where the
railroad company is to make an effort
to start the mines today. Some of the
miners at Dillonvale who were forced
out by the Long Run men on Wednes-
day morning say they will not work if
it is necessary for them to be protected.
Last night Antonio DoIninicko was
arrested at Dillonvale at the instigation
of United States authorities on the
charge of bringing in a car load of
beer for the purpose, they claim, of in
citing the strikers to violence through
drink.
Anticipating trouble, Receivers Her
rick and Blickensderfer of the Wheel
ing, Lake Erie & Pittsburg Coal COM
pany and the Wheeling & Lake Erie
Railroad company have issued the fol-
lowing notice:
'tAll persons are hereby given notice
that these mines are being operated by
the undersigned as receivers of the
United States court. All persons in our
United States court. All others are
hereby warned that they must not mo-
lest in any way the persons in our en-
ploy or the property in our possession" >"
The receivers have issued instructions
to all agents along the roads to refuse
to haul liquor or intoxicants of any
kind destined to points where the men
are out on a strike and there is any
danger of trouble.
The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1897-07-09
HAlLSTONES.
As Big as Those That Fell in
Topeka. &
Kill L 3 People Near Stuttgart
in Germany.
DAMAGE is S4,OOO,OOO.
What Our HailstOrm Would
Have Done With Wind.
Thousands of Cattle Killed in
the Fields.

New York, July "a dispatch to the
World from Berlin says:
A Stuttgart dispatch received here
brings the news of a destructive hail
storm which ragged for hours in south
ern WurtemburS, causing the death of
Is persons and damage to crops
amounting to more than $4,000, 900.
Such a meteorological phenomenon in
the hottest month of the year has never
before been experienced in this part of
the tatherland. Before the storm the
weather was extremely sultry. Grad
ually the clouds began to darken and
Within few minutes after there was a
sudden darkness followed by rushing
torrents of rain, which almost submerg-
ed the villages.
The rain was followed by a terrific
hail storm, some of the hail stones be-
ing almost of incredible size
Thousands of head of cattle were kill
ed.
Thirteen persons were killed outright
and many were fatally injured
The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1897-07-09
ALIENS MAY BREAK STRIKE.
1900 Foreigners are Working Under
Government Protection.

Cleveland, July 9.-The Morris Coal
company, the Albright Coal company
and M A. Hanna & Co. report that
their miners are still out and that no
negotiations have been made as yet
Cleveland manufacturers are much
concerned over the situation and are
beginning to dread a coal famine. The
railways are continuing to confiscate
coal consigned to factories and a num-
ber of the concerns are seriously
cramped for fuel
An effort was made to find Colonel
Myron t. Herrick, receiver of the
Wheeling & Lake Erie railroad to as
certain what he had to say regarding
President Ratchford's charge that he is
a promise breaker, but the colonel could
not be found Ratchford says that
Herrick has 1900 aliens working in the
Dillonvale mines and he may overawe
them into holding out against the pres
ent movement.
crate the mines and Ratchford fears
that he may break the strike
The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1897-07-09
THEY HAD TO DOIT.
Republican Senators Were Forced to
Promise Not to Appoint
Currency Commission,

Washington. July 9.-Upon their re-
turn to the capitol from the White
House yesterday Senators Allison and
Quay denied having conferred with the
president upon the advisability of send
ing in a message on the question of the
currency. Senator Allison expressed
the opinion that if a message should be
received it would be extremely difficult
II not impossible to secure action by the
senate under existing conditions. Nee
essarily, he said, the matter would be
referred to the finance committee, a
majority of which would in all proba-
bility be opposed to the scheme for a
currency commission and would there
fore hold the matter up indefinitely
Independent of the sta atement of SEN
atOr Allison it is known that the Re
publican managers of the senate agreed
three weeks ago not to press any meas
ure for a currency commission at the
present session of the senate. The prom
tSe was made at a time when the fate
of the tariff bill was by no means GER
tain and when it was in the power of
the opposition, to at least indefinitely
delay action upon the measure.
The agreement provided that there
should be no effort on the part of op-
ponents of the tariff to unnecessarily
delay action and that the Republicans
should not urge the currency commits
sion scheme upon congress at the pres
ent session, though the president should
send in message recommending such
q commission.
The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1897-07-09
ALL COAL SEIZED.
Chicago Roads Confiscate Every Car
of Coal on Their Lines.

Chicago. July 9.-Railroad companies
here issued orders to confiScate all coal
being carried over their lines. The or
der carried confusion with it's execution
and the local coal companies who ex-
pected to receive special shipments to
meet the demand of the day were
thrown on their own resources to over
come the difficulty.
The price of common soft coal jump
ed 40 cents a ton. while soft screenings
were rated at just double their Gus
tomary value.
Fully $1,000 car loads from the mines
in southern Illinois were confiscated by
the railroad companies yesterday. The
seizure is made because of a recent su-
preme court opinion which says that
in case of strikes the railroad compa>
MES have the right to confiscate any
coal on their property regardless of the
consfgnee.
The railroad companies claim they
are exercising their just rights in the
confiscation, as they maintain their
contracts with the coal companies call
for so many thousand tons year, and
when strikes prevail they are simply
taking their balance due in the contract
instead of waiting until the bins are
nearly empty, as heretofore.
The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1897-07-09
B. & o. MINERS GO OUT.
They Give Up $4,000 in Wages
Which the Company Holds Back.

Pittsburg, Pa, July 9.-The close of
the third day of the miners strike
found the diggers gaining strength rap
idly in the Pittsburg district. The
CLEANED from all sources, is about as
follows:
Nineteen thousand men idle, an al
most total suspension of work in the
mines along the Monongahela river sus-
pension practically total on the Wheel
ing division of the Baltimore & Ohio
road, only about so men working there.
All of the railroad mines closed with
some of the Hanna mines along the Pan
handle, the New York & Cleveland Gas
Coal company and a few individual
mines.
Baltimore & Ohio is a decided victory
for the miners, because these men were
working under an irOnclad agreement
and by their loyalty to their brethren
forfeited IS, 600 in wages which the COM
pany holds out. The situation as to
serious as yet because there are from
u 600 900 to $4,000, 900 bushels of black
diamonds in stock at the various pools
along the river which can be placed in
this city at short notice and if need be,
a portion of it could be shipped to the
lakes.
The meeting between President
Ratchford and Samuel Gompers today
will be important one, as plans for
carrying on the strike to ultimate sue
cess are to be discussed 1t is claimed
that one of the principal topics will be
is proposed to pay all the miners that
are now working full time in order to
induce them to make the tie-up COM
pIete. 1t is said that President Com
pers will offer to raise a fund of $60.O00
per week to assist the strikers in their
St
The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1897-07-09
HANNA's MEN coERcED.
Company Threatens to Retain. Wages
Due and Some Return to Work.

Pittsburg, July 9.-About one-third
of the full quota of diggers were at
work at the Panhandle mines of NJ. A.
Hanna & Co. yesterday. This is an in
crease and is due to the fact that the
firm posted a notice to the effect that
if the men did not return to work the
money due them on their ironclad con-
tracts would be retained. The amount,
it is said, aggregates $4,000. In the
first pool the men who were under con-
tract also came out There is no basis
on which to estimate the amount sacri-
feed by the first pool miners, the
firms agreed to pay per cent interest
on the money held back.