davidaulloa/AmericanStories huggingface dataset:
The herald., 1898-07-24
Recent War Revenue Decisions

The law division of theainternal revenue
bureau Is reported to be working overtime
in the effort to respond to queries made re-
Earding the construction TO be placed upon
different sections of the war revenue bill.
Among the more important rulings that
have been recently made by Commissioner
Scott are these:
A personal bond issued in connection with
trust deed must be stamped; also certiti-
Gates of acknowledgment of deeds and
mortgages. Ships manifests, If they con-
tain only items of supplies for the ship,
need not be stamped.
Brokers must pay the tax of $50 for every
place at which they do business, includ-
ing branch offices wherever they receive
orders and disburse money.
A policy of insurance In any form, REIN
surance or otherwise, must be stamped. A
permit Endorsed on the policy for the re-
moval of the insured property need not be
stamped.
Checks issued by a city or county officer
upon the official deposits of the corporation
need not be stamped. Generally, all off,
cial documents signed by a state, county
or city official are exempt.
Checks, mortgages and similar documents
signed by officials of building and loan as
sociatons must be stamped.
When a draft is accepted for payment it
must be stamped, although 1t was stamped
when issued.
~ railroad company need stamp only the
original and one duplicate Of a bill of lading
If the government or anybody else wants
more copies they must pay for the stamps
on them.
Liquors bottled for sale must be stamped
at the time of bottling, Irrespective of the
fact that they may be kept in stock to be
"aged' before sale.
A travelling salesman, selling by sample,
although he may work on a commission, Is
not commercial broker within the mean
Ing of the law
Judgment note must be stamped
A check. draft or money order upon any
body must be stamped. The law is not re-
stricted in this regard to the operations of
banks.
Respecting the status of mutual insur-
ance companies, whose operations are ex-
empted by the law, the commissioner says:
whenever the business of the association
or company goes beyond the point of pro-
lection for its own property. then it Is TAX
en- oft ss3aaFax emption. If it carries on
business fof Profit or benefit to the COM
pany or Its members. save that of mutual
protection to the property of Its members,
then 1t is not exempt"
A receipt for money not being in form
either a bank check, draft, certificate of
deposit, not drawing interest, or order for
the payment Of any sum of money" Chat
being the language of the section in the
law covering the bank check taxi, does not
require stamp.
The herald., 1898-07-24
Financial Review

NEW YORK, July 23.--The New York
Financier says of the weekly bank state
ment:
Since July the clearing house banks of
New York city have reduced their cash re-
serves over eighteen million dollars. In
the same period which embraces ionly
three weeks. they have increased their
loans $1400O,0O0, and their deposits have
fallen off about 50. O00,O 900 The cash reduc-
lions have been due altogether to opera
lions with the treasury, since the move
ment from the interior still continues. The
statement, therefore, In its changes, shows
the effect of financing the new loan, and as
the treasurer has received In cash for small
subscriptions nearly or quite half the
amount Of the entire loan, there seems to
be no cause for further disturbance In the
money market The remaining allotment
of 500 900, 900 will probably be financed by
extending payments over a short period
treasury deficits on one and counterfeit
ing the receipts from the new bonds. In
the meantime the designation Of certain
banks as repositories for government funds
will prevent the locking up of large
amount of cash In the treasury. OF course
If all the remaining subscriptions were paid
in one sum. the effect might temporarily
tighten the money market, but this Is not
anticipated The current statement shows
the first decrease In loans since the first
week in May. The loss appears to be dis
tributed well throughout the list in small
amounts, and reflects probably liquidation
Of mercantile accounts. The market for
call paper at present Is very inactive, new
business being less than expiring maturi-
ties.
The herald., 1898-07-24

The word admiral is derived by the dis
tionaries in rather a roundabout fashion
from the Arabic emir, a word which has
been variously translated lord. commander,
general. An emir was an officer in the Sara
Genie and afterward in the Turkish army,
and, as these were composed mostly of cav
airy, the emir was originally cavalry off,
Ger. AS the conquests of the Turks broad
ened, the Turkish sultans began to make
war upon the sea as well as upon the land,
and the officers who commanded vessels
and fleets retained the title that they had
when directing squadrons of horses. The
title is found among the Algerine and Bar
barry pirates, and is first noticed in English
use during the reign of Edward III, when
officers were commissioned as "Amyrel Of
the BE" or admiral of the Navy."-St.
Louis Globe-Democrat.
The herald., 1898-07-24
The Views of Clews

Henry Clews, in his last financial cir
cular, says: The operators in stocks ap-
pear to have reached the conclusion that,
after such an excited market as we have
had during recent months, reaction of
quiet was to be expected. They have rea-
soned that the army campaign is not like
ly to reach any additional victories during
the hot months, but may be reasonably
expected to eliminate in an early peace.
Thus the expectation has become general
that, as the military campaign and the Wall
street movement run on parallel lines, We
may not expect any buoyant activity In
either for the next few weeks.
1t is mainly for these reasons that the
large July interest and dividend disburse-
ments have had no marked effect upon the
market. This source of reinvestment nigh.
have been made the occasion for rise in
prizes had a few strong operators chosen to
turn 1t to account; but that class of specu-
lators seem to be still out of the market
and hoping for lower range Of prices.
Nevertheless, there has been, during the
week, an important investment demand
from this source, which has fallen mainly
upon the gilt-edge dividend-paying stocks
and railroad bonds. In the latter the trans
actions have been conspicuously large,
with the result of a general advance in
prices. In anticipation Of the government
loan, holders of railroad bonds sold out
freely, with the intention OF reinveSting In
the new bonds; and now, that they see the
government issues divided between the
popular subscriptions and the financial In
situations, they have had to repurchase the
class of securities with which they had
parted. This has some significance for the
future of stocks, for a rise in corporate
bonds is always conducive to higher prices
In the share market.
While the stock market Is comparatively
Ptagnant and speculation is lifeless, there
no abatement of its intrinsic strength.
1tocks are well held, ana holders apnear
'~Adent in higherrante Of prices when
The herald., 1898-07-24
Transfers, $1,000 and Over
Daily Statement.)

DAILY Statement)
s. e. Hubbell ct al to 2. f. Flammer
Lot 1872. Westlake Park trt. ....... 81 900
Pacific Loan Co. to Lydia Williams
Lot I. blk C, Knob Hill trt.... LOO
N; Ohlandt and J. A. Buck to H.
Roos-Lots II and 49, blk 4, T.. L. A. $500
j. f. Towel ct al. to Nellie M. Dunn
Part lots Is and II, Ellis trt. ...... 1,5o0
Mrs. Mary A. kimball and T. 70.
kimball to Adeline R. Ragoss-Lot
II blk 8. Paramount trt............,. 1900
j. M. Harris to Mrs. Mary U. Harris
All Of ]. M. Harris und- Y int. in
lot 10, Workman and Hollenbeck trt 2750
@. Heberle to A. W. Surbeck-All int
In part Sec. 20, 3 s. n.............. ! 410
w. Mead ct al. to J. J. Boyle ct l.
Lot lO3, Mills Il Wicks Extension Of
SECOND st Observation-Disclosures. 1150
blk 4. Porter l.. & w. Co. resurvey
of town of San Fernando. ........ $500
l.. Brose ct al. TO j. f.. BRAKEMAN
Lots g. IS and SO, NJ. l.. Wicks sub
of lots 304 and 305, South & Porter
tract ...;.......... :............:....... 1000
j. Il. BRAKEMAN ct al. to Sarah l. Rus
sell-Lot Is, blk D, Denison trt...... 800
w. P. and o. M. Gould 10 c. M. Gehr-
kens, H. c. Foster-Part lot 20, NE
Pomona trt Observation-Disclosures. $500
H. C. Foster ct al. to c. M. Gehrkens
ALL interest in OBSERVATION-DISCLOSURES. 1000
F. Thorn ct al. to Adellne Sumner
Lots IL. 10 and IA, blk b, Lincoln
man Heights Observation-Disclosures. 1,15O
Twenty transfers under $1,000. of
which eight were nominal. ........... 4O47
Iotal .......................... .$2S 601
The herald., 1898-07-24

observation-disclosures. e5GSOc per GENITAL;
green peas. 2.00u2.5O per sack; tomatoes,
lM1hc per lb.; rhubarb 50T75c; squash.
50c basket; plums, 4oa75c; peaches, 75cQ1.0
35Q45c per box.
Fresh Fruits - Pears, Bartlett; log
91.25 per box; strawberries, ap per
4O0p50c; white and red, 15dSOc; nutmegs
2.O0J2.50; peaches, 50d75c.
Citrus Fruits-Navel oranges, 2.0td3 20;
Mexican lines. repack, 5Od6.00; common
California lemons, -; choice. 100000;
box; canteloupes, 500 per crate; peaches
bananas, 1.00G200.
Butter-Fancy creamery. zoe per pound
do seconds. 1sc; fancy dairy, 17lac; do
Eggs-store, 1sa15c per DOZEN; fancy
ranch. 17Q2Oc.
Poultry@Turkey gobblers. 14d15c per lb.
old ROSTERS, 40014.5O dozen: young roost-
ers, 5.5OQ7.00; small broilers, 2:0O@25 so; large
broilers, 30O@3.5o; fryers, 3.50Q40O; hens
4O0d5.00; old ducks, 3.0093.25; geese, Bcd
35OG5.0o; old ducks, 3.00I3.25; geese, 7oc@
LOO pair; old pigeons, 1.25; young pigeons
The herald., 1898-07-24
Kansas City Live Stocl
Local Quotations

BUTTER-Extra local a2-ounce squares,
f1eQboc; fancy creamery northegn, - oz:
squares. 45q473; diary, Sa-oz., 421s@45; dairy
2s-oz. squares, 4oc; fancy tub, per lb.,
EGGs-1sa1sMc per dozen.
CHEESE-Martin's New York cheddars,
isc; California half cream, per. r.. 1oc;
coast full cream, per h., n1sc; California
Downey or ANCHOR, per H., 5sS; DO; Young ing
iSe 9 sMiss o Der h. 1s
POULTRY-Per dozen: Hens. 3.50Q5. 90;
young ROSTERS, 4:o0q5:o 90; old roosters, 80
ducks Ds saoso tuTkeSs tlKss per D3ana
PoTAFoEsEkurbanks, sOaes
LES-Bests, per 100 lbs. Sc;
lbs. 75c; chiles. dry. per string; Sogl %; Mex
cam per lb,, soc. green, per h., 6@7c; gar
lie. 56e; onions, 75@S0c; do. green, per doz..
D SsT s sassa ess ss s'o
GREEN FRUiTS-Bananas. bunch. 81. 80
as; strawberries. com; 5a6c; fancy, loa
ries, White, 1880; do black, 1890 apricots
a7c gooseberries, per lb.. 3a4c; currants,
box. 60q65c; Logan berries, per box, 4q6c:
4Q6c; figs, per box, 5OQ6Oc; peaches, per
RAIsINs-Fancy clusters, 2o-lb. boxes,
200; 4-crown LII. clusters; 1.75; S-croWn
per p. 4c; 3-crown. loose in sacks per lb.
peas, s75@aoS; biack-eyed beans, 800; gar
per shell 12@1ss hard shell 7@sc peseaan1 a
iS5oaia.o0; loose, loo.
LARD-Rex pure leaf, tierces, Sc; spe-
c cF fsts rsndsTas lara s' navels ss5
Cured fancy. 1.5oaa Co. choice. i.@5; gresn
sppSSnns sR S gMHXf FEu Per pa Sof Bees
No. !, sNc; No. 2, SIC; hind Quarters, No. !.
loc; veal, 7q55se; mutton; 73tc; I lamb; Sc;
ppaxe p bs se G por sst pH5h H.
hogs. 4kc; lambs, per head, 1.5oq2oO; sheep,
per Hy aMp gaT cfyss ha per 10 1o2 &C. pic
lie; fancy 91 breaSfast Bacon, u&c; dried
beef, 14Ac; smoked tongues, Soc; dry salt
$50 az. re; salt clear backs. 7Ac.
TALLOW-Per h., 211Q311c.
WOOLCNominal.
HONEY AND BEESWAX-Honey IN
wax. a925c per pound.
115ze; %. ealf, ise; bYl.s: x; sait steers
.1sg5Ac; do. stays and bulls sA94c; cows
' BEAN Sse ASp pkf aH' pEAs-pnk $3.50
$500 Lima, 3:2543.5o; Lady Washington, 2. 20
92so; small white; 2So92so; green n. field e
500; lentiis, California, S.5og4.oo.
DRIED FRUITS-Apples, sun dried,
sacks, per lb., sNaeo; evaporated fancy,
6dSc; aprlcots, fancy, Sc; choice. eqsc;
cy evaporated, saf6c; plums, pitted, choice,
9@1oc; prunes, choice. boxed. 6@9c; sacked,
4G6c; dates, 71a0sc; silver prunes. choice,
sack. 7!a@sc; boxes. sg1os; figs. California
lb., 5d61sc; California fancy, per h., rio
1oc; imported Smyrna, 12ha15c.
per shells 12713c: hard shell, 7Qsc; pecans.
sQ12c; fiIberts, 126121tc; Brazils. 11Ql2c;
&c; roasted, sasl4c; California, raw. 4@Sc;
NEUTRALITY-SUSPICIOUS.. local mills, $50
per bbl.; stockton brands, US; Oregon go;
rolled barley, per 100 lbs. 140; cracked corn,
per 100 lbs, LOS: feed meal per 100 lbs. LILO;
bran, per ton, 21.00; graham, per 100 lbs.
40.
HAY-wheat, per ton, 1sooa22.oo; barley,
17O011S.OO; oat, 1700l20.0O; alfalfa, baled,
u. 50di13.00; loose, 1900.
GRAIN--Wheat. No: l, 1.eo; No. 2, 80;
barley, common. 1.35.
The herald., 1898-07-24

Although the war stamp duty has Sc
verely affected the activity of the New York
stock exchange market, particularly in
those portions Of the list subjected to
manipulative influences, 1t has not checked
the increased attention now being paid to
industrial properties. The strength of
United States Rubber, United States
Leather and some other properties of the
same class may be ascribed to out-and-out
assistance of this character even II 1t is
based on knowledge of the better earnings
and prospects of all such corporations. 1t
might be said however. that our own stock
markets are following in the lead of London
and paying greater attention to investments
and therefore necessarily to speculation
based on manufacturing and mercantile
values and profits. Evidence of this is fur
nished not only by the strength of the old
time leaders of the industrial group of WALL
street stock, such as American Sugar and
American Tobacco but by the appreciation
which followed the introduction of new
corners, such as the American Steel and
Wire company's securities on the stock
exchange Observation-Disclosures
The herald., 1898-07-24
NO MORE DISPUTES WITH CABBY
New System of Computing Fare Intro
duced In France and Germany

Americans travelling In Europe Will
chant paeans Of praise to the man who
invented the new cab system, which both
Germany and France have. to large ex-
tent adopted. Heretofore, in preparing
a schedule, 1t was necessary TO make a
large allowance Of time for conversation
with cabmen. No matter how we'll one
might know the rates, a cab ride was
bound to end in a heated discussion. If
the cabman was English he bullied and
he threatened; II French, he argued: II
German, he growleAsand! no matter what
his nationality might hA h. persisted I'M
The herald., 1898-07-24
Decision on Premium Notes

The supreme court Of Indiana held. in the
recent case of Forbes ct al. VS.. Union Cen
trail Life Insurance company. that there
can be no recovery on policy the premi-
ums Of which were paid only by promis-
sorry notes. which provided that the policy
should be void unless such notes were paid
at maturity. where the insured lived long
enough after such notes became due, and
they were never paid. and that a statement
in such notes over the signature OF the
maker that they were given for the prem-
ums Is conclusive proof that they were not
merely given in payment of other notes by
which the premiums had been fully paid,
even though it Is shown that notes of some
undescribed kind were executed at tho
time the policy was delivered, which were
taken up when the latter notes were
given.
The herald., 1898-07-24
SAN FRAN CISCO MARKET
Gail Board Dealings and Prices Of
Produce

SAN FRANCISCO, July 23.-Wheat in
active; December, LIN
Barley--Inactive; December, l19h.
Corn-Large yellow. 1;12h91.15.
Bran-l5. 50Gl16.50 per ton.
Fiour-Family extras, 4.6544.75; bakers
extras, s440Q4.5o.
MISUNDERSTANDING Is nominal at 1870
*. milling, 13O01. 10 per GENITAL
Bariey-Feed, l17A@1.20; brewing NOM
' oats-Poor to fair. 1.2o91.ss; good to
choice, L27k9l. 32.4 fancy feed 1.S6@l. S7h:
''I Mli1listuffs-Middings. 1e5o92l.5o per ton;
bran, 15.50@16.50.
160061S.50: alfalfa, L.500140Q
Dry Beans-Pink, 2.50@26o per GENITAL;
small white, 1S0Ql.sk.
VagatAbles-Ou1ouS. eQ076o per cNntAl1
The herald., 1898-07-24
Mortgages, $1,000 and Over

DAILY Statement)
s. D. Spear to S. CAL L. Ass'n-Lot 5,
Ponet's sub. of lot II, Griffn's add.
to =. L. A, 10 yrs. 9 per cent?. 81 900
A f. Pinkham ct al. to Lucie Place
blk II, s. p. trt. yrs, 9per cent. 1000
M. l.. and H. Friend to Matte A.
Qulnt-Lot 2, blk Z, Colegrove trt.
6 yrs, per cent.................... 2,250
Cordelia A. and w. H. Turner to A
!. Gammon-Part farm lot 20, Gar
dena trt. i yr, 10 per cent ........ LOO
Fourteen mortgages under s1000...... 7,0S5
Total OBSERVATION-DISCLOSURES. .$13 ,435
The herald., 1898-07-24
National Bank Changes

The latest bulletin of the comptroller of
the currency, dated July IS. 1898, gives the
following, among other changes: Corpor-
ate existence of national bank extended
The National Exchange bank of Lexington,
KY, until July II, 1918. Application for con-
version to national bank approved-The
Herkimer bank, Herkimer, N. Y. to The
Herkimer National bank; capital. ST.. 900.
The herald., 1898-07-24
$13,4S
Releases, $1,000 and Over
DAILY Statement.)

ID0lIy Slatemcnt.J
Emma C. and Eliza Lentz to A. E.
Pinkham ct al. 41s-l. ............... $1,000
H. p. Merrill to T. E. Kimball, 400
POS ........ ........................ 1000
F. II. Crowell to r. F. Taylor, 1894. 1900
NJ A. Quint to M. l.. Friend, $3.50. 225O
Eight releases under $1,000. ........... 1850
Total ACKNOWLEDGEMENTS. s., 100
The herald., 1898-07-24
LOCAL RETURNS FOR THE GUAR.
TER JUST ENDED
WAR REVENUE DECISIONS
Interesting Questions Passed Upon by
Government Lawyers-Local
Business Notes
OFFICE OF THE HERALD,
Los Angeles, July %, 1898.

Los Angeles, July 1875.
The statement given below shows the
clearings made during the quarter ended
June 30, 1898, by the eight banks which
compose the membership of the clearing
house.
While the figures given do not precisely
Represent the volume of commercial bust
ness transacted by each institution for the
reason that three of the banks named are
also custodians of county funds, yet 1t Is
as accurate an INDEX as may be obtained OF
the business movement of this city.
1t will be observed that the figures show
clearings for the quarter amounting to
SIS, 724, 046S7 The amount for the CORE
spending quarter of 1897 was $15,532, 766. 05,
thus showing a gain of a little over 20 per
cent, which may be regarded as highly
satisfactory.
Statement of the Los Angeles clearing
house for the quarter ended June 30 1898, as
follows:
The herald., 1898-07-24
London Markets

NEW YORK, July 2s.-The Evening
Posts London financial cablegram says
The stock markets here were quiet today
In view of the settlement to begin next
week, but the tone was good. Spanish fotlrs
and foreign buying. It Is difficult. however
to view Spanish finances hopefully, and
everyone Is now inquiring on what foot
New York is still offering bills. largely
against the cotton account, and 1t looks
like a repetition Of last years exchange Of
rrireS
The herald., 1898-07-24
Clearings Clearings
Taken away, Brought.
Farmers and Mer-


The statement of the First National bank
of this city, as shown in another column,
will afford a gratifying evidence TO its de-
positors and also to the general public Of
the progressive character of the institution.
1t also bears testimony to the satisfactory
character of business In this section.
The herald., 1898-07-24

til the traveller lost his temper or weakly
capltulated in order to stop the row.
Now all that is changed. An indicator
that looks like big cyclOmeter Is fas-
tened to the back of the coachman's box
where the occupant Of the coach can see
it. When the cab starts the driver sets
the instrument going, and at the end of
the drive one. can, tell td q cent what the
fare should be.
Rates have been readjusted to suit this
new system, and the charge is made by
the minute, so that If one takes cab
for a short drive. one pays for a few
minutes only, instead of giving the regu-
lar fee for a course. The cabmen say
that in spite of this arrangement they
make more money than they did under
the old system, for hundreds Of persons
will pay the present price to save them
selves short walk where not one would
have thought 1t worth while to spend
the price OF a course for the same dis
lance.
The only sufferers from the innovation
are the horses, which are kept perpetually
on the go now that so many more persons
ride, and when one considers the forlorn
condition of the average European cab
horse it Is question whether the addi-
tional comfort to the public justifies an
other imposition upon the long suffering
brute. Unfortunately. the new plan h az
not yet been tried In London, where, OF
all places. it is most needed, and. for the
present, travellers must reconcile them
selves to the wear and fear upon nerves
and temper which are Inevitable results
of communion with the London cabby.-
New York Sun.
The herald., 1898-07-24
Exports and Imports

NEW YORK. July 3.-The imports of
dry goods and general merchandise at New
York for the week were 81 So, 900.
The gold and silver movement at New
York for the week ending today was: Ex-
ports of gold, 13.4OS; silver, sos, 100; i'm
ports Of gold, 500 1863; silver $4,000.
The herald., 1898-07-24
VOTERS

Registration Closes August 18th
All persons whose names are not on the
Great Register of 1896 must be registered
before August 18th in order to vote at the
coming election.
TRANSFERS
Transfers from one precinct to another
within the county MUST be made before
October 18th. r. f. NEWLIN,
County Clerk.
The herald., 1898-07-24
Treasury Statement

NEW YORK, July 2S-Today's state
ment of the condition Of the treasury
shows: Available cash balance, 1858 G79, 900;
gold reserve, $1s9, EOS, 20S
The herald., 1898-07-24
Closing Stocks

NEW YORK, July 23-The following
are the closing prices on the New York
stock exchange tOday:
The herald., 1898-07-24
Silver Bullion
CHICAGO MARKET

SAN FRANCISCO, July 23-Silver bar.
5SAc; Mexican dollars, 46hg464c.
The herald., 1898-07-24

"Doctored to Death" could truly be writ
ten on many a gravestone. 1t ia ptiful to
think Of the sorrow and suffering that has
followed and are following In the trail OF
ignorant or vicious medical treatment. The
day will come when stupid or merceuary
doctoring will be criminal. This day Is being
hurried by the wonderful work Of Professor
Munyon
Munyon guarantees that his Rheumatism
Cure will cure nearly all cases of rheuma-
tism In few hours; that his Dyspepsia
Cure will cure Indigestion and all stomach
troubles; that his Kidney Cure will cure
that his Catarrh Cure will cure catarrh no
matter how long standing; that his Head
ache Cure will cure any kind of headache
In a few minutes; that his Cold Care will
On through the entire list Of his remedies.
Guide to Health and medical advice abso-
futeiy free. Prof. Munyon, 1905 Arch St,
Philadclphia
The herald., 1898-07-24
How Wall Street Feels

the summer absentees return and the war
has entered on the peace phase.
The herald., 1898-07-24
Dried Fruit Prices

NEW YORK. July 23.-Callfornia dried
fruits quiet.
Evaporated Apples-Common, eGSc per
pound; prime wire tray. s1s@Ss4c; choice.
3%q9c; fancy, 9Ac
PrunesAQSc.
Apricots-Royal, shG1oc Moorpark, 1p8
lac.
Peaches-Unpeeled, 5Qsc; peeled, 12Q1sc.
Kansas City Live Stock
KANSAS CITY, Mo-, July 23.-Cattle-
Receipts, $50; market unchanged.
Sheep : Receipts, 200; market steady;
lambs, 3.50Q6.50; muttons, 2.5094.5O
The herald., 1898-07-24

Wall paper, late styles. low prices. at
A. A. Eckstrom's. 1924 South Spring street.