The Coeur d'Alene press. (Coeur d'Alene, Idaho) 1892-1907, 1899-03-25
LABOR NOTES.

The plan for financing the United Rail
ways and Electric Light company, which
will control all the street railways and
electric lighting plants Of Baltimore, has
been made public by Alexander Brown 4
Sons, the fiscal agent OF the syndicate
which has acquired q controlling inter
est in these properties. There will be a
total capitalization of S76,OO0,OOO in
stoak and bonds. OF this amount $685.
100000 vii be per cent 5O-year gold
bonds, sl4,OOo,OOo preferred cumulative. 4
per cent stock, and $24,OOO,O00 common
stock.
The combination Of the cast iron pipe
and foundry interests into one concern
seems to be an accomplished fact. The
prospectus OF the United States Cast Iron
Pipe and Foundry company has been Is
sued. The company will be authorized to
$l5,OO0,Q00 per cent non-cumulative
preferred stock and $l5,OO0,OO0 common
stock. OF this, 5000, 900 of preferred
stock and 100000 common stock are
to be retained in the treasury for the
purchase of additional companies and
pA1Aeo- 4hC RAG5Cht 1AhGaA OubPuS Va
cast iron pipe Is stated to be 100000 tons
per annum, of which the new company
win be able, it is said, TO supply 10000
tons.
Articles Of incorporation have been fled
with the secretary Of state of New Jersey
Of the Kentucky Distilleries and Ware
house company, with an authorized eapi-
tai stock of 1872 900, 900, divided into $l2,.
600 700 preferred stock, with ] per cent
cumulative dividends and $4,000, 900
common stock This company is what 10
known as the Bourbon Whisky Trust
Fifty-seven companies making Kentucky
whisky, have mus far entered into the
agreement.
A permanent organization Of the Viz.
ginia q and Southwestern Railway com
pany and Virginia Iron, Coal and Coke
company has been effected. George L.
Carter, of Pulaski, Va, was elected presi-
dent OF both companies. These com
panies represent a syndicate of Virginia,
Tennessee and New York capitalists,
which has determined on important de-
in southwest Virginia. This
syndicate has purchased the South At
lantie and Ohio railroad, the Bristol,
and North Carolina rail
road, IL iron furnaces in southwest Viz
ginia, from Bristol TO Roanoke, inclusive,
and 2l5,OO0 acres of coal and iron lands
in Virginia and Tennessee. The purpose
is to develop these properties as early as
practicable.
A meeting Of broom corn holders and
dealers, representing the Illinois growing
districts and the stock in store in Chi
eago, was held in that city recently. Re
ports were received, showing the entire
visible supply Of broom corn, and after
a long discussion, it was decided, owing
to the shortage, that an immediate ad- |
vance of $50 per ton be made. Il ap-
peared from the talk that the shortage
had not been 20 great in 80 years, or the |
crop confined to 30 few hands, or such q
small quantity in the possession Of pro !
ducers. 1t was stated that there l. q
shortage in all the leading markets Of the |
and that many broom manun- |
facturers have but a meagre supply on I
hand. It Is quite likely, in view Of this>
action, that there will be further ad- |
vance in the price Of brooms.
Articles Of Incorporation have been filed !
by the American Radiator company, at I
Trenton, n. j., with an authorized capital /
Of $4,000, 900, one half Of which h pre-
Ierred stock with per cent cumulative
The company Is empowered TO |
and deal in radiators, boilers J
and other heating apparatus. This cor.
poratiOn is formed for the purpose Of sue
eeeding to the business Of the Illinois
Of the same name.
Employment to procure the passage Of
ordinances for paving streets and alleys
at a compensation which IL in part con-
tingent upon success in obtaining the
necessary ordinances and securing the
contracts is held, in Criehfeld vs. Beg.
nudez Asphalt Paving Company (m.),
II l. R. A., 347, TO be void on ground Of
public policy because tending to bribery
and corruption.