davidaulloa/AmericanStories huggingface dataset:
The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1905-08-18
RAILROAD NOTES.

Grievances Of the Omaha fremen have been
settled after conference with General Superin-
tendnt S. G. Strickland Of st. Paul. and have
returned home.
The funeral Of Colonel E. H. G. Taylor, late
freight auditor Of the Northern. Pacific road,
was held yesterday and the general Offices
closed at noon.
The Great Western road boiler makers at Del
vein, who went out without authority Of the
union grand lodge, have returned to work. They
were given until Monday to get back or lose
their charter.
The Northern, Pacific, will start the special
EHoo-Hoo train from st. Paul to Washington
state at 1925 am. Sept. 8. reaching Portland
at 7:55 pm, Sept. Z. with stops at Butte,
Spokane, Tacoma and Seattle.
The conductors want it understood that g.. 3.
Alderman Is not authorized by them to solicit
for an outing fund for '.the Railway Conductors
association He has secured money from prom.
inent business firms under the guise Of an
authorized solicitor.
G. Il. Hubbell, general superintendent of the
central division Of the Rock Island system.
change places with Hsas. Cable, for many years
general superintendent Of the northern division
with headquarters at Cedar Rapids.
Thirty-nine lectures on practical phases o.
their work have been arranged for winter de
livery to Pennsylvania employees by heads 0
| departments. "A class in transportation will b,
open to employees OF the Psnnsylvania, Adams
&N
The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1905-08-18
Becomes international. ]

Cleveland. Ohio, Aug. 18.-The clos
National Railroad Master Blacksmiths''
name was changed to hInternational''
because Of the large foreign member
ship. The following officers were
elected: President, D. B. SWinton, Ca
madam Pacific, Montreal; first vice
president, John s. Sullivan, Pennsyl-
vania railroad, Columbus, Ohio; second
vice president, G. Fl. Judy, Baltimore
& Ohio. Pittsburg; secretary and treas
urer, A. l.. Woodwork, Cincinnati,
Hamilton &&Dayton, Lima, Ohio; chem
was selected as the place for next
years convention.
The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1905-08-18
500 CLOSING EXTENSION.
Track Laying Going on at Rate Of Five
- Miles a Day.

Notwithstanding weather conditions
which have delayed track laying oper-
ations on the 500 line, the engineering
department expects to turn over the
two new extensions early this fall.
The Underwood extension, twenty
miles northwest from Washburn, will be
completed in ten days. It is now half
laid. On the Thief River Falls-Ken,
mare line, 296 miles, track is being laid
at the rate of five miles a.day. About
ffty-fve miles are, already laid from the
east end and fifteen miles from the west
end.
At least forty miles Of passing tracks
are being put down by the 500 line this
year. Many Of these are being installed
in the 120 miles distance from Mime
apolis to Glenwood. Some Of the tracks
are from 5000 to 1000 feet long. Ole
sidetracks are being heightened. also
Business is SO heavy since the Winni
peg line was opened that it is. possible
the company may be compelled to dou
ble-track to Glenwood.
The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1905-08-18
FINISHING
Great Northern to Have Speed Track
Clear to Winnipeg.

Great NOrGnern 10 have speed track
Clear to Winnipeg.
Special to The Journal.
Crookston, Mimi, Aug. lS.-The work
of surfacing the Great Northern road
bed from this city to the Canadian line
with three feet Of gravel, which has
been in progress during recent weeks,
Great Northern will have, from Mime
apolis to Winnipeg, one Of the speedi-
est pieces Of track in the entire coun-
try. The work of surfacing, which has
been rushed forward rapidly by large
gangs Of Italian laborers, from pits at
Angus and Downer. follows the laying
of the new eighty-pound steel, which is
Northern passengers in their fast flight
from Minneapolis to the Manitoba me-
tropolis. Before the steel gangs were
put to work, large crews of civil engi-
neers were employed to straighten out
all kinks and bends in the road which
it was possible to avoid, new supplies
Of ties were put in along the roadbeS
and the old clay bed leveled to the
side of the track in order to provide
for the deposits of gravel which were
to follow.
Assistant General Superintendent A.
L.. Brown of the Great Northern came
up this morning in his private car AZ
on a tour of inspection of the work
which has been done on the line. He
was Joined here by Superintendent
jerks Of the northern division.
The Great Northern will be in ex
cellent condition to compete with thu
500 for the mail contracts, or rather
to defend a strenuous bit Of competi
ton from that road which is promised
The road will also be in better condi
ton than for years to handle the fal
wheat crop of the northwest, and par
~ticularly that from Manitoba, which i
of late years seeking a market AM
storage at the head Of the lakes, an
is shipped thru the states.
The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1905-08-18
SOO'S BIG
Forecast of Annual Report Shows Flat
tering Condition.
New York Sun Special Service. .

New York Sun Special Service.
New York, Aug. 1S.-The annual re-
port of the MINNEAPOLIS, st. Paul &
Sault Ste. Marie will be published in
q few weeks, and will show about the
following income account for 1905:
total, ~$S,716,622; for 1904, 5000, 49S;
operating expenses, : 1905, $4,502, sos;
1904, $3,746,78 net, 1905, ID, OLA;
1904, $~3,212,71S.
Per cent expense to gross, 1905, 51.7;
1901, $50.
Charges less other income, 1905,
S2o,i5O, 5e9; 1904, $1,s59,472:
Surplus, 1905, $~2,o63,4l5; 1904,
The above surplus represents full 7
per cent of the preferred stock and
about II per cent on the common. =
The profit, and loss surplus in the
balance sheet is, $~4,234,122 against
$685. 1856 last year. The company
charged off $1S5,SO4 in one item to
additions and betterments.
The mileage of the system on Jan,
1. 1905, was 1,789.79 miles. The mile
The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1905-08-18

are under construction is about $40
miles. BY Jan. l, 1906, the system
mileage will be about 2,l29.79 miles.
If bonds are issued on the entire new
mileage at the rate Of $4,000 a mile,
mile will be reduced by that time to
$22.2O1. The stock will be at the rate
Of slightly less than $4,000 a mile.
The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1905-08-18
THE WOMAN WE LOVE

She needs a pure life-g1ving remedy Ike
Crystal Tonic. It quickly cures rheu-
troubIe Bright's disease, heart disease,
neuralgia, nervous exhaustion, bad blood,
headache, backache. dizziness. sleepless-
ness, dyspepsia, general debility, tired
system. For sale all druggists, $1.Oo, a
bottle. Try II. II not satisfied after us-
inr. write Chrystal onic Co. Marshall,
Mich, and they viii refund your money
The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1905-08-18

distance to the twin cities fifty miles.
The plan is to connect with the Great.
Northern at Browns Valley, Mimi,
and with the Great Northern and 500
at Hankinson, n. D. Among the pro
moters Of the scheme are H. s. Morris,
cashier Of the First National bank; J..
a. Rickert,, president Of the First Ma,
taon ma Danf ~ =, Poh spaek Gna general .end
and Loan company; LII. Onstad of the
Sisseton Milling company, and some
eastern men.
The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1905-08-18
Train Dispatchers Change.

SpeclaI TO The J0ufnaI, "
Mason City, Iowa, Aug. l7.-Chief
Train Dispatcher Fox Of Sanborn, for
the Iowa & Dakota divisiontof the Mil
waukee, has resigned, to take effect on
Sept. l. The vacancy will be filed by
Charles A. Anderson of this city. who
is next in line.
The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1905-08-18

harvest hands this season, and that
those who are heading that way in
search Of employment would do well
to strike for some other section. He
claims that. there are enough laborers
in the state to harvest double the
crop of the present season.
The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1905-08-18
s17.75 to Denver and Return

Via the Minneapolis & st. Louis Rail
road. Tickets on sale August 30th to
September 4th, inclusive. Return limit
September 18th, with extension to Oc-
tober 7th. Stopovers allowed and tick
cts good going one route and returning
another west Of Omaha. Call on j. G.
Rickel. C. r.. A., 424 Nicollet avenue.
or e.. "A. r. headquarters, No. 407
Dhooniy hni1dinp.
The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1905-08-18
MOTHER OF Z, ALL IN 5 d.
Hawaiian Wife Of Chinese Gives Birth
to Two Pairs Of Twins.

Honolulu, Aug. ia dispatch by
wireless telegraph from yHilo says that
Hama, the Hawaiian wife Of Kailua, a
Chinese, gave birth to n child last
Thursday, two on Sunday, one on Mon
on Tuesday night. All are dead.
The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1905-08-18
MADE DAuGHTER TAKE POISON.

Pueblo, Colo, Aug. >1S.-Frahk Ward, fore
man Of a yard gang at the Pueblo steel works,
has caused the death Of his daughter, Frances.
aged 16, by forcing her to swallow a quantity
Of poison, and then committed suicide by using
drinking heavily and had threatened to kill
and the girl. Ward was a widower.
The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1905-08-18

Sisseton, s. D, people are planning to
organize an electric line to shorten the
The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1905-08-18

Express company, Union News. Union Transfer
companies operating over the system.
The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1905-08-18
BEE LINE TO TWIN CITIES

sisseton, S. D., People Planning an
Electric Line.
The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1905-08-18
Saws North Dakota Has Enough.

A. w. Walling Of Glasston, N. d.,
Says that North Dakota needs no more
Evening star. [volume] (Washington, D.C.) 1854-1972, 1905-04-30
WHISPERS ON THE STREET.

T. u,a renorted on the street that one
Philadelphia house bought 10000 shares OF
Union Pacific Friday forenoon
United States Steel preferred dropped De-
| low par again for the first time since II
| crossed that magic point.
| The average price OF leaalng active -
road stocks yesterday was per cent below
| the maximum reached this year on Marcn
a charter was granted for the Northwest
ern Trust Company Of Philadeiphia' cap,
| tai $4,000. Alexander D. Robinson IS the
sneaking of wheat conditions in the west.
Vice President Hendricks OF the Atchlson
| says: 1.-The crop is absolutely perfect a'
John w. Gates came out with a most bull
| ish statement in regard to United States
Steel He said underlying conditions every
where are sound.
GouId brokers were openly supporting
Missouri Pacific. Gould's retirement from
the Union Pacific board was interpreted as
a rather ominous sign
reports for March show gain OF - per
cent in gross earnings and gain OF ~ per
cent in net profits
Lawson bombarded brokers' offices with
a telegraphic dispatch late in the day in
which he said S1O0,O000oO could not keep
the troubles of one great financier ''righted
for thirty days..
The city council of Kansas City has
granted a thirty-year franchise to Hugh
MCGOWAN OF Indianapolis and associates TO
Law pipes and sell natural gas IN Kansas
City, where the United Gas Improvement
Company owns the gas works. as % cents
per 900 feet for the first year, q cents the
second and 80 cents the subsequent years.
Gas will be piped from Kansas fields largely
controlled by interests affiliated with the
United Gas Company.
The suspension of the New York Consol-
tdated stock exchange firm Of w. H. Clark
& Co. was announced on that exchange yes
terday.
1t is admitted that the New Jersey stock
exchange scheme originated with members
Announcement was made or the fallure
of R II. York of Cleveland.
Cotton was stronger on reports of de-
creased acreage in the south. The final
census reports puts last years crop at 49,
5S4,457 bales.
The Oregon Short Line Railroad Com
pany Yesterday applied to the stock ex-
change to list S45.0O0.O00 of its 4 per cent
refunding twenty-five-year bonds of 1929.
AT the annual meeting Thursday or the
Boston and Montana Mining Company the
following directors were elected: James
Phillips IT.. Sidney Chase, D. B. Hennessy,
A. B. Crasius and John D. Ryan.
Company will meet Tuesday and will
declare the regular semi-annual dividend of
8 per cent on the preferred stock.
At a meeting of the board of governors
of the Consolidated exchange yesterday all
formal connection between the Console
dated and the New Jersey stock exchange
was Iepudiated. 1t was admitted, how
ever. by President Randolph that some of
the members unoflcially are behind the new
exchange 1t is possible that the Consolf-
dated may open a rival exchange in New
Jersey in order to avoid the tax.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1905-04-30
CONTROL BY MINoRITIES.
Barring Certain Stock From Part in
Corporation Management.

From the New York Times.
Our friends and critics of Great Britain.
who are so apt to find the flaws in any
financial undertaking on this side of the
ocean, from time to time find fault with
what, SO far from being characteristic of
American finance, is even more widely the
custom in other countries not excepting
England itself At the time Of the f1otation
of the Rock Island securities which re-
placed the old stock of that name some
English critics took decided exception to
the provision that the control of the COM
pauy should be lodged with the preferred
stockholders by permitting the preferred
stock to elect majority of the board OF
directors, the common being able to vote on
the names of only a minority or the board
This was pointed to an example of the
ter dency In this country to. deprive the
stockholders of their rights in the matter
Of the management of the company, or
rather of control over the management. To
so,ae extent. doubtless, criticism OF this
provision was well founded. but apparently
the English critics, in this as In numerous
other cases, went wide OF the marx when
they drew comparisons the inference from
which was that such things could not hap
pen in England. The prospectus Of re-
Gently formed English company, the Asso-
ciated Newspapers. Limited. capitalized at
81, 900 600 (sS,0O0000), In defining the priv
ileges of the several forms OF the COM
pany's stock states that the holders OF the
preference and ordinary shares shall rot
have the right to vote at or even attend
the general meetings OF the company IN
less al the date of the calling OF the meet
lag tho dividends on. either class. of st )ck
shall be three months IN arrears. The only
exceptions named are that both classes of
stock shall be allowed to vote on any res
cIution directly affecting the intsresfs oil
either as against any other class OF stock.
and on any resolution for amalgamation or
liquidation of the company. Thus the third
class of stock the deferred shares, amount
ing to less than one-third of the total cap
italization, is apparently for all ordinary
purposes vested with absolute control of
the corporation. II satisfactory to all con-
cerned such an arrangement may be well
adapted to meet the ends in view in this
particular case. but the general principle
of the lodging of control in the hands of a
portion only of the outstanding capital is
neve. The less involved, and this and other
similar cases in English corporations APP
sar to bar English critics from condemn
ing uiaualifiedly the adoption of similar
methods by American companies
Evening star. [volume] (Washington, D.C.) 1854-1972, 1905-04-30
ONE "LooTED~ GOLD RESERVE
Historical Precedent for Discussion
Started by London Times.

From the New York Post
In all the controversy between the Lon
don Times and the Russian finance minis
try as to whether the st. Petersburg gold
reserve Is intact or not one famous Ris-
torfcal incident, much In point, has been
forgotten. There was a n RATIONAL bank-at
its time one of the greatest in the world
whose gold reserve was used up without
anybodys knowing the fact, and which for
decades continued doing business on the
basis of reserve which 1t no longer pos
sessed.
Writing In 1776. in his Wealth of Ma
TONS" of the great Bank OF Amsterdam
Adam Smith thus referred to the institu-
tons cash reserve:
That it keeps in its repositories all the
money or bullion for Which there are ra-
ceipts in force, cannot well be
doubted. The bank is under the d.
rection of the, four reigning burgomasters,
who are changed every year Each new
set Of burgomasters visits the treasure
compares it with the books, receives 1t upon
oath, and delivers 1t over, with the same
awful solemnaty, to the set that succeeds"
The bank coin and bullion holding was
not reported publicly: nothing but conjec-
ture," Adam Smith continued, "can be Of
fered concerning it." His conjecture was
33 600 600 guilders, or about S15 600 600.
kets, a dozen years after he wrote. was
that the Dutch Bank held at least $50, OOO,-
COO, Adam Smiths estimate was cautious.
But 1t was strangely wrong. In 1874, when
the armies of revolutionary France invaded
Holland, those professional plunderers. who
afterward looted the great italian banks of
Venice ard Genoa, broke expectantly into
the vaults of the Bank of Amsterdam. They
found them to all intents empty. The in
quiry which ensued among the amazed Eu-
ropean fnanciers established the fact that
the whole reserve had gone in secret adj
vances TO the Dutch East India Company.
During at least a generation the Bank of
Amsterdam had done its huge daily busi-
ness in a state of actual insolvency.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1905-04-30
Washington Stock Exchange.

ales-Regular call, 70 o'clock noon-WashiL gton
Rwy and Elec. pfd., so at 921a so at 92A y at
9212.
American Security and Trust, s at 25l 10 at
252 10 at 252. 10 at 252 10 at 252, 10 at 252. 20
at 252. 10 at 252.
Union Trust, 10 at 121i2 10 at 12112. 10 at 121k,
10 At 127 10 at 126k.
Washington Gas, rs at e. 25 at 637s.
Mergenfhaler Linotype, 10 at 205. 5 at 2O4, 10
at 2O4 10 ut 2O4. 10 ct 204, 20 at 203A, 10 at
2o3A. 10 at 2o3A, 10 at 2o3A 10 at 2oSh. 20 at
204 10 at 2O4. 10 at 2o4 10 at 2037s. 10 at 20sR,
10 at 2O34. 10 at 2031s, 10 at 20S&. 10 at 203&,
10 at 203A.
Lanston Monotype, 100 at 14a4 100 at l4% so
at I4a4. 100 at 14a4 100 at IAN.
Greene Copper, 100 at g.
After call-Mergenthaler Linotype, 40 at 2031s
Capital Traction, As at 1421a. 20 at 142h, 20 at
142A.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1905-04-30
THE STATE OF TRADE.
Industry Active but Business Some
what Irregular-Prices Weak.

Bradstreet's agency in New York reports
the following condition of trade:
''Irregularly still characterizes distrib-
utive trade, while industry is active and
outdoor construction Is of unprecedented
volume The weather has been rather Toe
cool for the best of crop preparation OF
termination. Labor is well employed. and
with the one conspicuous exception of Chi
cago, where the teamsters' strike affects
trade and shipments, disputes are below
the average for May 1.
Prices of many staples have been weak
and unsettled. and cereals. cotton. some
kinds of pig iron, copper and country pro-
duce have moved lower. Railway earnings
are good, and bank clearings this week,
owing to holidays, are smaller than last
week but heavily exceed a year ago. Col
lections generally are rather tardy, espe-
cially at the south. Crop conditions, though
the season is backward promise we'll as re-
CARDS the cereals. heavy wheat yield is
in prospect.
wholesale trade is seasonably quiet. a
feature being good recorder reports COM
ing from portions of the southwest where
business is and has been very good. Trade
reports from the Pacific coast and from
portions of the northwest are likewise Ia
vorable Southern reports are rather spot
come from the textile grades. Well-posted
authorities assert the cotton goods trade
has emerged from the past two years OF
depression. Eastern cotton goods buying
is strictly to fill immediate requirements.
hut business in seasonable goods is in good
shape. Building is active the country over.
far distant points uniting in reports of UNI
precedented construction.
FINISHED iron and steel are in good de-
mand particularly at the west. Raw ma
terials. except coke, which IS easier, low
grades being drug in the market, are In
active sale and movement. Petroleum IS
lower and btuminous coal Is offered at
low prices Anthracite, coal is still active
at the lower April prices
shoes have sold better than n year
ago and the movement the country over
is larger Hides are stronger, while leath-
er tends up, because of higher raw ma
teria1s.
Business failures in the United States
for the week ended April q number 1913.
against 1873 last week, and 1877 in the like
week a year ago; 113 in 1903. TIA In 1902,
and 1863 In 1901. In Canada the failures for
the week number II, against 81 last week
and "a this week a year ago"
Evening star. [volume] (Washington, D.C.) 1854-1972, 1905-04-30
AFTER LOCAL COAL TRUST.
Eleven Members Of Reputed Organize
ton Indicted at Cleveland

CLEVELAND. Ohio, April %. - The
county grand jury today returned indict-
Inents against eleven members of the ex-
ecutive committee of the Cleveland Retail
Coal Dealers Association, known as the
local coal trust. Those indicted H. G.
Brayton, secretary; ]. j. Phillips. Charles
A Albright, J. V. n. Yates Charles Zett1e-
meyer. It. NJ Cowdery, l. C. Gof. William
Schafer Harry Abels, e. c. Brown and L.
D. Thomas, all prominent coal dealers.
They are charged with restricting trade
preventing competition and fixing prices
IN violation Of the Valentine antitrust law
1t was brought out by the testimony fur
nished by a number OF small coal dealers
who alleged that they were driven out of
business by the combine, that there was an
tron-clad agreement between the members
OF the association to regulate prices, and
that anybody who would not abide by the
combines rule was subject to ruinous dis
ordinations in obtaining supplies OF fuel.