davidaulloa/AmericanStories huggingface dataset:
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1905-07-16
Notice of Sale.

Under and by virtue of the provi-
sions of a mortgage deed executed to
me by p. Henry Dowd and C. F. Dowo
Register of Deeds of Wake County in
Book 1T. page 127; and in the office
of the Register of Deeds of Johnston
county, in Book L. No. 8, page 81
l will expose to public sale on Mon
day, the Gath day of July, 1905, at u
o'clock m, at the County Court House
door, in the city of Raleigh, all and
every the right, title, interest and es-
tate of the said +. Henry Dowd and c..
f. Dowd, in and to a certain tract OF
land lying partly in Wake County and
partly in ohnston County and describ-
ed as follows:
Beginning at a popular on Swift
Creek, Mrs. Wayland Dowd's corner
runs as her line north &c. degrees easl
S5.25 chains to q stake on the old
Raleigh and Smithfield road, Mrs
Wayland Dowd's corner, thence down
said road to a stake in the outside
line of the original John Jones tract
thence as said line south | IL degrees
west 43 chains to hcnory on the
bank of Swift Creek; thence up said
Creek to the beginning, containing
$50 acres more or less, being the tract
devised to Lydia M. Dowd (now de-
ceased) wife of said c. +. Dowd, I'M
der the last will and testament of he.
father DR.. J. II. Jones.
Terms of sale: Cash.
c. M. BUSBEE, Trustee.
June "a. 1905, II. ID. S.
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1905-07-16
Personally Conducted Tour to the Pa
cific Coast via Seaboard Air
Line Railway.

The Seaboard announces a person.
ally conducted tour from North Caro-
lima to points in Colorado, the Yellow
stone National Park, Los Angeles, San
Francisco, the Lewis and Clark Expo
sition at Portland, Ore, and other
points of interest on the Pacific Coast
10 leave about August 1st to Sth exact
date being decided later. The round
trip is only $3.50 and the route will
be via Atlanta, Birmingham, Memphis
st. Louis, Kansas City, Denver, Colo
RADIO Springs, Salt Lake City, Los
Angeles. San Francisco, the Shasta
Route to Portland, Northern Pacific
turn via st. Louis.
Through Pullman cars will be ar
ranged for the exclusive use of the
party, which will be personally con-
Quoted by Rev. VIM. Black and wife, of
Davidson, n. c., who successfully
handled the large party from North
Carolina last August.
Itinerary of the trip is now being
prepared which will give full details
as to the rates, StOp-oVerS hotel rates
and points of interest 1t will be one
Of the most complete trips of it's kind
ever arranged from this State and at
very small cost. Those who join the
party will be shown every attention
over the entire trip which will con-
sumo between four and five weeks.
Write for booklet and information
to Rev. VIM Black, Davidson, n. c.,
or address,
CHAS. H. GATTIS, T. P. A,
Raleigh, n. G.
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1905-07-16
Stocks and Bonds.

New York, July 1.-THE stock mar
ket fell into lethargy today, and only
insignificant changes resulted from
the days small business. The heavy
accumulation of cash revealed by the
bank statement was much larger than
indicated by the preliminary estimates.
but this was supposed TO be due to the
rectification of last weeks unexpected
ly large decrease by the working out
of the computation by daily averages.
AS this building up of tie reserves is
for the purpose of providing for the
repayment of the 100000 of
government deposits called for today,
the money market is not expected to
benefit from it. The ease of call
money during the past week had evil
IDENTIFY been due to the temporary ex-
pertinent of these funds. The con-
traction in loans relieved any appre-
hension that the subscriptions for he
Japanese loan had made any undue IN
roads upon available credits. The alb
sorption of Union Pacific set afoat re-
newed con1ectureS as TO the coming
dividend, action upon which has been
expected from day TO day during the
week. The financial Chronicles esti-
mate Of the expansion in railroad
gross earnings attracted attention, re-
turns from 125 railroads partly esti-
mated indicating an increase for the
first half OF the year over the rather
unfayorable showing of the first half
of last year OF approximately $55, 000,-
600, while the comparison with the
first six months of 1897, eight years
ago. shows an expansion of some
S470.0GO,000. The buying of Union
Pacific held the market firm to the
close.
Total sales of bonds (par vaIue)
s1.02S, 600.
Total sales $4,000 shares, includ-
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1905-07-16
PROPOSAL FOR STRUGGLING
BRICK PAVED STREETS AND
SUPPLYING MATERIAL AT KIN

Sealed proposals will be received by
the board of aldermen of the city Of
Kinston, n. c., until IL o'clock a. m.
of Monday, July 81, 1905, for con-
structing brick paved streets and sup
plying material for same. Extent Of
proposed work is approximately 1000
yards of brick pavement and 5000
linear feet of granite curbing.
Forms of proposal will be ready
for mailing about July 22d, and the
attention of brick manufacturers,
quarrymen and paving contractors is
invited. The contract will be let as a
whole or in parts as shall seem most
desirable. Usual rights reserved.
For specifications and forms Of
proposals address the Engineer, John
w. Hays, 8 S. Adams St, Petersburg,
Virginia.
n. ]. ROUSE, Mayor,
L. j. MEWBORNE, Clerk
Kinston, n. c..
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1905-07-16
Excursion to Richmond. Va.

The Seaboard will operate their an
nual excursion, Raleigh and Durham
to Richmond July 18th. Train will
leave Raleigh S.45 a. M, Durham $50
a. m. Tuesday, July 18th, arriving
Richmond 100 %. M, returning leave
Richmond 700 p. m. Wednesday, July
18th.
Rate from Raleigh and Durham
$225, Henderson and points to Ridge
way $500, Norlina $1.75, oxford $2.25,
Louisburg $2.26. Reserved seat cars
attached. Rate: SO cents one way, rs
cents round trip extra. This train is
always patronized by the best people,
the company in every instance under
taking to do all in its power for the
pleasure and comfort of the passen-
gers.
For information see large flyers, call
on any agent, or address
c. II. GATTIS, T. P. A,
Raleigh, n. c.
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1905-07-16

WEATHER GETS ON
TRADERS NERVES
The Cotton Market Feels
Its Influence.
NET CHANGES SMALL
The Stock Market Fell into Sorl Of
Siupor and Only insignificant
Changes Resulted from the
Small Business Transact.
ed Therein.
ed Therein.
(By the Associated Press }

New York, July 15.-The cotton
market opened firm at an advance OF
l3a1s points in response to highe.
cables and a moderate demand cred
tied to leading bulls. The weather
however, continued favorable, and the
advance attracted renewal of liqui-
datlon and bear pressure, which soon
cost the market the initial gain, and
by the middle of the morning prices
were about one point lower to points
higher as compared with yesterdays.
Trading was quiet at first but became
more active on the break, and the
market acted very nervous.
Receipts at the ports today were
1928 bales. against II ,676 last week.
and SIS last year. For the week esti-
mated. 10000 bales. against S5,T03
last week and 16.160 last year. To-
days receipts at New Orleans 1850
bales, against 524 last year, and at
Houston 4.4s7 bales, against 1853 last
year.
New YnrR. July ID Cotton spot quiet
Ii points higher. 10 5 mddling Yulf. 1910
sales -. Futures opened strong, closed steady.
Open High Low Close
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1905-07-16
Commercial and
Farmers Bank

OFFICERS.
j. j. THOMAS, President.
\. \. THOMPSON. Vice-PreSident
Il. $. JERMAN. Cashier.
III. w. JACKSON. Assistant Cashier.
DIRECTORS:
J. j. THOMAS. President.
ALI. A. THOMPSON. President Raj
eigh Cotton Mills.
CAREY j. HUNTER. Supt. Union Cen
tral fife Insurance Company.
X. Ii. RANEY. Gen. Agent Penn Mu-
tual Life Insurance Company.
THOS. IL. BRIGGS. of Thos. ii. Briggs
X Sons. Hardware.
JOSHUA Il. HILL. of j. X. Eerrall &
Co. GrOcers.
JAMES Il. SHEPHERD. of Shepherd
* Shepherd. Attorneys at Law.
HENRY a. LONDON. Attorney at
Law. PittsborO n. c.
JOHN w. SCOTT, Capitalist. Sanford,
&C.
GEO. W. WATTS. Director American
Tobacco Company. Durham. n. {.
ASHLEY HORNE, President Clayton
Banking Company. Clayton, n. &.
ID. y. COOPER. Capitalist. Hender-
son. n. &.
ASHBY l.. BAKER. President Virginia
Cotton Mills.
Business Solicited. Every facility
for handling accounts of individuals.
corporations and banks. Every cour-
tesy consistent with safe and conser-
vative banking.
COMMERCIAL & FARMERS BANK.
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1905-07-16
Co., 1sz ' "2s1

SOUTHERN RY. TRAIN, leaving
Raleigh $40 q. m. and Durham 9:35
a. m, arrives Greensboro IL noon ant
Lynchburg 3:45 p. M; connects witt
c. & o., leaving Lynchburg 4:10 p. m
daily (will wait 80 minutes for connec
ton, IL passengers are reporte6) anc
arrives Va. Hot Springs 49, >. m.
Cincinnati 8 a. m, Chicago $50 p. m
st. Louis 6:28 p. m.
Parlor Car LynChburg to Clifton
Forge.
Pullman Sleeping Cars. Clifton Forg,
to Cincinnati, Louisville, Chicago ano
st. Louis, connecting at these cities fol
all points In Northwest, West ant
southwest.
S. A. l.. TRAIN, leaving Raleigh
1850 a. M, and Durham 1905 a. m.
arrives Richmond 4:55 p. m, and con.
meets with c. & o.. leaving 10:45 p
n, with Pullman Sleeping Car to Gin.
cipnati and Cincinnati to Chicago an6
st Louis.
For Rates, Tickets, Pullman Reser
vations and detailed Information, ap
ply to your ticket Agent, or address
w. o. Warthen, D. P. A., O. & o. Ky
Richmond, Va.
H. w. FULLER, g. P. A.
c. E. DOYLE. General Manager.
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1905-07-16
New Orleans Cotton.

New Orleans, July 15.-Spot cotton
quiet but steady. Sales LOO bales.
including 400 to arrive. Delivered on
contracts 100. Quotations unchanged
Futures opened quiet with prices 10
ais points up. Trading was very
light. Some few buying orders ad-
vanced prices 10 to II points. but
realizing by scalpers soon caused de-
cline of about 10 points on the active
positions. Buying by New York end
ed the recovery here, and prices adj
vanced to a point or two above the
figures. July opened 10 points up at
1854. sold up to 1925. finally rece1-
ing TO 1851 October opened four
points higher at 1850, sold up TO
1850. and finally declined to 1884.
The market closed quiet with July
and August showing net gains of IL
points each, while the other positions
gained to points.
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1905-07-16
Other Cotton Markets.
Weekly Bank Statement.

New York, July 1.-THE staten ent
of averages of the clearing house
banks of this city for the week shows:
Loans $1.107, sos, 100, decrease So
50.400.
Deposits s1159.01S. 200. increase
$713.100.
Circulation $49.157,100. increase
$297.200
Legal tender sss,115,7Oo. increase
$2,552,900.
Specie $220.162,1OO, increase So
190. $50
Reserve $39.277.S0O, Increase Sill
743, 700.
Reserve required s269,754.55O. in
crease $17S.275.
Surplus s19.523.25O, increase SILL
SOS, 425.
Ex-U S. deposits s22.372.s5o. in
crease $11,420.725.
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1905-07-16
Notice.

At a meeting of the board of direc-
tors of the Atlantic and North Caro-
lima Railroad Company, held in New
Bern, n. c., on July IL, 1905, a divi-
dend of / 1-2 per cent. was declared
on the capital stock of said company.
payable at the office of the treasurer
of said company at Goldsboro, n. c.,
on August LIST, 1905.
The stock books of said company
for the transfer of stock will be closed
at u o'clock on July goth. 1905, and
re-opened on August End, 1905, at Il
O'Clock m.
D. ]. BROADHURST,
Sec. and Treas.
A. & n, c. r. r. Co.
713-1w
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1905-07-16
SHOT IN THE ARM.
Serious Accident to Little Nat Alexan-
der It Vultair.
Especial to News and Observer)

Especial to News and Observer
Vultair. July 15.--Little Nat Alex
ander, the 11-year-o son of Judge
Alexander. of Boydton, Va, met WIN
painful and it is feared a serious ac-
cident at Vultair, in NorthaTrpton
county. at the residence of his Uncle,
Mr.. Ben Pugh. The little fellow was
climbing over a fence when somehow
the hammer of a gun he was carrying
was lifted and the whole load was
fred into his left arm. He suffered
considerably from pain and loss of
blood before he could be reached hy
the physicians.
Doctor Thomas II. valentine, OF
Vultair, and DIR. Plcot, or LattHtnn,
are attending him and hope to be able
TO save the little fellows arm. Much
sympathy is felt in the community.
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1905-07-16

ing-Chesapeake & Ohio 500; L. & N.
1900; Norfolk & Western 1907 Read
ing IA, 100; Rock island Co. 1O.100:
Southern Pacific 1920; Southern
Railway 100; do preferred 800; Tenn.
Coal and Iron $500; Union Pacific
$4,000; U. S. Steel 1890; do prefer
red 3,400; Virginia Carolina Chem.
preferred 100.
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1905-07-16
CAREY y. HUNTER Stale Agent.
Raleigh, ~. G.

manufacturer would put the market
any further unless additional ad-
VanceS in raw material of a radical
nature should be experienced. The
future, however, was regarded as
more or less uncertain
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1905-07-16


devery
e payin
owing
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1905-07-16
Dry Goods.

New York. July 15.-The week end
ed very moderately in the primary
dry goods market. Buyers were dis
inclined toward speculative operations.
although the situation WAS very
strong one on the other hand. how
ever, IL was not believed that the
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1905-07-16
New York Money.

New York, July 10 p. m.-Money on call,
steady 49,. low ruling Yate., last loan
-, closing ., offered al $500, time loans
Was cay; 80 days 81 -, W days $40. SIX,
months 4eh. prime nierc'tile paper 1871,
sterling exchange firm with actual h:.s.ncs
In bankers bills al ie6 65ye Ioo. % Tor demand,
and at 4si.9J0i 1915 Tor 10 dav bills; pOsteC
-aleslooz "a i.o6Gt.S7G4 ass. combills S'L6A, ma
silver ID, Aexinan dollars i1A Government
bonds ......... Railroad bonds ..........
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1905-07-16
J. L.O'QUINN & Go
Florist
RALEIGH, NORTH CAROLINA.

We Give Southern Trading Stamps.
Carnations, Roses and Violets, our
speciality. Bouquets and floral decor
atoms arranged in the best style at
short notice. Palms, Ferns and win
ter blooming plants for the hous-.
Fall Bulbs. Hyacinths, fJarCissus,
Tulips, etc. Rose bushes, snrubbery,
evergreens and shade trees. Veget-
able plants i'm season.
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1905-07-16
Naval Stores.

Wilmington, July ij-Turpenune .rm, g..
receipts 46 casks
Rosn firm, 800, receipts 81 bpls
.ar nrn 100, receipts Y bbls.
Crude firm, ?. 0a1i15GI.IO, receipts ...... bbls
Charleston. Jalv IS, Turpentine steady, So
sales -. casks; Rosln ,teady.
Savannah. July lo-Turpentine dull 30
receipts S6I, sales te7, exports 1860.
Rosin--hrm, receipts BIB; sales 3,o56, ex-
ports co.
Quote A, b. C. $40 ID 3.4j, e, 800; J
$50. 385; Fl 800, /. $50, X AGO, M
LOO. N 40. VIZ i.30, WV 20
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1905-07-16

Cash quotations. were follows:
| Flour barely steady; winter patent I.30@
e es ass5io. sirsIshis 80 e eI:e, pa Sa.
gers 2.4O9s8O. wheat No. . spiing ll3allt
| No. 9i@l No. red. 500 80. corn No. 2
Oh, No. 2 yellow SIX, Oats No. 2k
| rye No. 2 IS. good feeding barley 42a !
| fair to choice mailing 47G49, fax seed No.
&c. Nc aa b Prime t@S.s
| lard per l00b 722hG7.i5 short ribs sides
| (loosei i,75@..90. dry sailed sholders tboxedl
l;5@S00. short clear sides (boxed) l2i
Whiskey basis Of high wines o., clover
! contract grade 1870
New York Provisions.
New YorR: July, l6. Flour quiet, vi wlnt E.
dobakers SO. Iot6.I 2r straights 6.2595.60
Rye flour steady fair 10 good 4.25@Di 80
choice to fancy 4.6O@4.9O.
Buckwheat flour nominal at 20002l0
Corn meal steady, yellow coarse i.2o9l.SO
kiln dried 0003 Id.
Rye nom, No. western. 10.
Wheat Wheat I nrm No red. i"@.... May Nay '
July 92A september S359. Dec. SnN.
Corn easy, No. Z; @H July o.: Sept. ga.
Beef easS: family i2oo@ l..5o, packet ii.a
@l.o0, city extra India:a... mess 10000 1882
beef he ms 81 n06"2.jo.
Cut meats steady, picked bellies sh9lO
picked shouiders5s@6p picked hams lOA'9s.
Lard firm western steamed 81 Now:
No. nom.. refined steady, continent 100
compound A3S65H
POrK STEADY, family IL: o Dl6.CO short clea'
.2.I7@1lI %. mess Il 259li.5o.
Tallow quiet ts2 per pkg), ~. country
Rosin quiet, strained cc.nmon to gooc
Tnrpentine heavy JO}z@6i.
Rice Arm, domestic lair To extra 81 9oh
Molasses steady New Orleans open kettle
good to choice 299 S5.
Coffee spot Rio steady, No. invoice So,
mild quiet cordova lC6l3
Sugar raw nom. falr refining 81, cent.
trifugal 81 test .. molasses sugar q
refined steady, confectioner's A. II, mold a
5 q; cut loaf 500, crushed $50. powdered 10
grs nulated so cubes $50.
Butter stea ". creamery common TO extra.
20 state iaIry loG2O western factory llH
Cheese ncy arm aa. ss run WS sma
Eggs firm state and Penn. nearby
fancy selected white 2}a2i, Southern u 0lj
Potatoes steady, l.. Island ljaG.a7 firm, So Rose
southern 80 Of, Jersey Sweets l.O0Gp2.21.
Peanuts, steady, fancy hand-picked oA@H,
other domestic &N15L3.
Cabbage dull Lone ISlane per bbl., i.COa2@3.
Cotton by steam 10 Liverpool l0Gl3
Cotton seed OH market was quiet
crude (: o. b. mills u, prime summer yellow
.sH, of summer yellow nominai. prirr'
Baltimore Provisions.
Baltimore, July II Flour quiet winter
patents 5O,@o.25spring patents 5.o5@5 50, extra
435.
Wheat quiet spot contract s0%@. spot No :,
So, western July S7K@... asked, Southern by
sample o3@92
Corn steady. spot and July 6l40A, new
Southern white corn 60G63
Oats firmer No. white 32H@L, mixed ......
Rye dull.
Butter steady fancy imitation l7@lS d.
creamery 2l9h do ladle io0l7, store packed,
lI0:6.
Eggs steady i7Ia.
Cheese firm. large l0h. small 1870, me
dunn zee,
Sugar steady, coarse granulaied 45, fine q. 10
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1905-07-16
Grain and Provisions.

Chicago. July 15.-Unconfirmed
gossip of shortage in Russian crops
had a strengthening influence on the
wheat market here today. At the
close the September option was up
1-Sa1-4c. Corn shows a gain of ga.
Oats are practically unchanged. Pro-
visions are TO 10 higher.
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1905-07-16
Raleigh Cotton Market.

Receipts yesterday .125 bales
Prices yesterday 10 to 10 3-S
Receipts year ago yesterday ~ bales
Receipts this season lisa 65 bales
Last year same date .14,249 bales
Quotations by grades: Strict good
mdidling, 10 3-S cents; good middlinG.
10 Ia cents: strict middling, 10 Is
cents; middling. 10 cents; tinges and
stains 3 1-2 to 10 cents.
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1905-07-16
s. A. Stocks and Bonds.

Baltimore. July IL s. ALL common "a
asked. do preferred, g..
bonds--4s......
A. Z. Ia. common -. % .. pr eferred
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1905-07-16
New Orleans. July Ii, Cotton futnr
Liverpool.

,v"rpooi. July L. p. INJECTION snot
business dull prices points Ii higher
- 81. erlcan mIddling fair, O. good middling.
Co., niddhng B "a low middling 5.T, good
.,rd mary 800 ordinary %. The sales Of the
day 2cNr GALES OF which 200 were for specn-
.tiou aud export and included 100 Ameri
can. Receipts 10G, haies. 2.5O0 American
Futures opened steady and closed easy.
The Montgomery advertiser., 1905-02-04
ENGLAND CHALLENGED.
United states' Lawn Tennis Association
 Randa naa.


 New York, Feb. 3.--A challenge for the lawn tennis championship of the world is to be sent by cable tomorrow to the English Lawn Tennis Assocla- tion by the United States Lawn Ten his Association. This action was de- cided upon at the twenty-fourth an- nual meeting of the association which was held here tonight. The following officers were reelected:
 President, James Dwight, Boston; Vice-President, R. D. Wrenn, New York; Treasurer. Richard Stevens, Hoboken; Secretary, P. L. Presberry, Boston.
 The application of tennis clubs of Nashville, New Orleans. Atlanta, Ma con. Mobile and other Southern cities to form the southern Lawn Tennis Association" and become a member of the National Association was turned over to the Executive Committee.
 The association decided that chal- lenges of United States singles, East versus West doubles and challenge doubles are to be held at the Newport Casino; Eastern doubles to be held at the Longwood Cricket Club, Boston; Western singles and doubles to be held at Kenwood Country Club, Chi cago, and the women's challenge at the Philadelphia Cricket Club, Phila- delphia.
The Montgomery advertiser., 1905-02-04
THE VIEWS OF CASSATT
PENNSYLVANIA RAILROAD FRESH
 DENT IS INTERVIEWED.
Recognizes the Eaeas0nableness of Leg isiati0n Providing for the Govern
 mental Regulation of Rates
 Under Proper Safeguards.

Philadelphia, Feb. 3.-By reason of the wide discussion on the subject of interstate commerce legislation and of the advanced views which the Penn sylvania Railroad management were believed to entertain upon this ques- tion, representative of the Associated Press called on A. J. Cassatt, president of the Pennsylvania Railroad, today for the purpose of ascertaining his views and the views of his company on this subject.
 In response to inquiries Mir Cassett said that the management of the Pennsylvania Railroad Company had for some years past recognized the reasonableness of legislation providing for the governmental regulation of rates under proper safeguards to the owners of railroad properties. While these views, Mir. Cassatt said. had not at first been shared by some of the leading railroads who naturally had Q good deal of apprehension as to fhe result of comforting the power to deal with the very complicated questions in- volved upon any body composed of men without special training and experi- ence in such matters, yet he believed there was now a general disposition to acquiesce in proper legislation upon this subject.
 cir. cassatt said the question of pre- venting discriminations or preferences between shippers by the payment of rebates or by any other device seemed to be confounded in the minds of the public with that of governmental regulation of rates. The former sRb- ject was already dealt with by the federal statute known as the E1kins act, passed in 1908, he said. in as ef- fective a way as possible by any legIs- lative enactment unless perhaps in the case of private cur lines, where further legislation might possibly be needed to bring them under the provisions of the Elkins act and that this would be met by the Overstreet bill, which is now on its passage through Congress.
 Mir. Cassatt did not care to discuss the details of bill. but was clear in his conviction that any legislation which would deny the right accorded to every other corporation and Go ev- cry private citizen to appeal to the ex- Isting courts in the ordinary course of business for the determination of ques- tions affecting property in which 60 many hundreds of thousands of citi- zens are directly interested, either as employees or as holders of securities and upon the prosperity of which that of the general business of the country so largely depends. would not only be an unjust and unfair discrimination. but might result disastrously to the public welfare.
 Mir. Cassatt referred to the fact that the amount of money invested in rail- road property was about twelve thou sand million dollars, represented by securities mostly held in this country and very widely distributed among the people and that the number of em- ployes was about 100000.