Forest City press. (Forest City, Potter County, D.T. [S.D.]) 1883-19??, 1903-10-08

lew York Hears That Standard Oil In
terests Ara After Promoters.

New York, Oct. 3.-Wall street heard
today that the Rockefellers were after
]. p. Morgan's scalp and that h slump
n steel and other Morgan stocks was
only Il step in their plans.
These rumor have been gossiped
through the street fof several days, but
they now are repeated by conservative
men,.
Neither Mr.. Rockefeller nor Mr.. Nor
gan has anything to say.
The late rumOrs about the Rockefel-
lers and Mr.. Morgan were given great
ar circulation when 1t became known
that the Standard OIL interest had
called a number Of large loans.
The calling of these loans caused
some holders to sell a portion Of their
stock rather than attempt negotiations
Tor new loans in other quarters.
In explanation OF calling the loans on
a critical day. 1t was said they wanted
the one at the lower prices.
But many OF the Rockefeller prop
critics show sharp declines. such as
~Ainalgamated Copper. Sugar. st. Paul.
Consolidated Gas. General Electric uni
others.
Mr.. Morgan refused to say a word
for publication.
To Leave Underwriting Syndicate.
The tremendous selling OF steel bonds
Is attributed to the members of the
underwriting syndicate who are OPP
posed to the extension decided upon by
]. p. Morgan, and who mean 10 with
draw October l, the original date set
for the expiration of the agreement.
That several Wall street houses are
skating or very thin ice is admitted.
One of these IL a large banking firm of
the old fashioned, conservative type
that has stood the stress of the storm
~ 80 a. ~ 81 -H--N.
than a generation.
Since June this house has been help
ed out twice tided over to SEEM
Ing safety. Today its conditions is
more precarious than ever. 1t has
scores Of friends among the very rich
men, and these have signifed a will
tngness again to so to its rescue. but
1t is admitted that in times like these
there are limits to aid that can be ex-
tended.
The worst feature is tine forced liquida-
ton Of high class stocks. Pennsylvan-
In sold lower on Monday than during
the panic days in July and August,
when failures were announced, sink
Ing to 115H and closing at 115H.
Philadelphia stockholders who had
subscribed to a SIS. 600, 600 stock issue
then borrowed money On the stock were
the chief sellers.
There is persistent report that the
bear movement against u. S. steel is
designed to end in n reorganization
which shall retire and wipe out q large
proportion of the immense issue of
common stock. This would put the
trust on a much better basis, but would
do 1t at the expense of thousands of
Investors who o the common at high
prices.
A Steel Guarantee.
In a circular issued by the finance
' committee Of the steel corporation to
officers and employees who subscribed
for the preferred stock last December
it Is stated hat in order to dispel APP
prehension of loss, the following addi-
tiona guarantee is made:
THE corporation will at any time
during January or February, 1908. pay
to every subscribing employee who
shall have retained his stock for the
full period Of five years, and otherwise
complied with the terms of the or
iginal circular. $3.50 per share for the
stock. less rebates and benefits he shall
have been entitled to under the cir
. cular, provided he wishes to sell the
stock at that price at that time