Manchester Democrat. [volume] (Manchester, Iowa) 1875-1930, 1899-11-01

cuiiS odo ASV Soto uuu uO CukluSS,
because we could buy them from others
more cheaply Now that the car max
ers have restored their wages and adj
yanced their prices, we have begun TO
build cars freely. In the past three
months we have built nearly 500 new
cars and bought the material for 1880
the end of next March.
AS to average rates OF transporta-
tion:-The attention of the Commits
sion is called to a pamphlet herewith
submitted, on Changes in the Rates OF
Charge for Railway and Other Trans
portation Services. Prepared under
the direction OF John Hyde, Statisti-
clan, by H. I. Newcomb. Chief of the
Section OF Freight Rates in the Division
OF Statistics. Miscellaneous Series. Bull
letin No. 10, U S Department of Agri-
culture, Division of Statistics
That pamphlet contained the first,
and, | might say, the only statistical
publication py authority of the Federal
Government, which has come to my
notice, dealing with these important
questions with sufficient candur and ac
curacy to be of real value in 'leterm,
ing questions affecting the regulation
commerce. The attention of the Con-
mission is particularly called to Table
!, on page IL. under the heading o.
Freight Traffic, and to Table "a, Oh pag,
63, under the heading OF Passenger
Traffic, each OF which gives the volume
of traffic, efficiency of service, anc
earnings. These tables give an i'm
mense amount of accurate information
for the long period Of thirty years from
1867 TO 1896
Conformably to suggestion made
by one of your officers, that the Com
mission would be interested in the plal
adopted by the Illinois Central Rail
road Company for aiding its employee
to buy stock Of the corporation, per
nit me to say that, in brief, it amount
to this; On the first of each month th,
price of shares at the New York Stool
Exchange is telegraphed to Chicago
and the Paymaster is authorized to sci
one share to each employee at tina
price. Payment is accepted in sums O
So, or any multiple thereof Interest a
4 per cent. per annum is allowed on thu
partial payments. and when an EN-
ployee leaves the service, he must eithel
pay in full for his share and receive 6
certificate therefor, or take his money
WIN inc interest," auueu.
The number of officers and employees
other than Directors of the Corporation
registered on the books of the Compan,
as Stockholders, is 705, and their hold
ings amount to 2,554 shares.
| The stock is being gradually pur
chased by those resident on or near thu
line, In each of the eleven states, ii
which the Company is operating rail
ways. there are number of Stock
holders, varying from in Indiana t.
7G7 in Illinois. The total number O
Stockholders in these eleven states is /
| 1876, and the number OF shares held by
them, 33 995.
There are resident in the United
States 1865 Stockholders, owning BAG,
207 shares. or over 81 per cent. of til,
whole; in Great Britain /, 2,543. owning
1866 shares; elsewhere, 1l5, owning
55. 125 shares.
Exclusive of one large block Of
shares, held for more than thirty years
past in trust by Dutch Syndicate OF
Administration Office. against its own
certificates, good to bearer, which are
widely scattered among hundreds OF
owners, the average holding of the lie.
manning proprictors registered on the
Company's books is S5a shares. In the
United States the average is 894 shares
All told, the books show 8 holdings OF
8, 900 shares, or over; So of 1900 shares,
or over; 93 of 500 shares, or over; 694 of
less than 500, but more than 100 shares;
455 of exactly 100 shares each, and 5. 1874
of less than 100 shares. The number
OF Stockholders registered on the books
is G,52G Barely one-seventh of them
own over 100 shares apiece.
All of which is most respectfully sub
mitted
October, 1899. STUYvEsANT FISH.