Evening star. [volume] (Washington, D.C.) 1854-1972, 1905-08-16
BULLS AND BEARS

NEW YORK, August 16-It IL not often
that discovery is made as to where John
d. Rockefeller puts such Of his income that
he does not give to colleges and church
missions which can overcome their objec-
tons to receiving 1t. but a man who went
to down town banking house yesterday
to collect the August interest of ~ per
cent on about $1,000 worth Of japanese
4ts first series. thinks that he learned that
Mr.. Rockefeller has about $2.O0O.0O OF
treasure tied up in these bonds where CO.
rosive and insects will not damage 1t.
AT all events while waiting for my
money. he said. II saw a check for $50. 4O4
made out to John D. Rockefeller's order
lying inside the window. and 1t was not
hard to put two and two together This
is more like supplying fuel for flames than
pouring oil on troubled waters.
The Georgia Central Railway Company
has entered into agreement with the
Guaranty Trust Company by which. after
October ., holders OF the income bonds Of
the railway company may have interest
coupons attached thereto. The tnterpreta-
ton put on this arrangement Is that the
management Of the Central Of Georgia Is
confident that the earnings OF the company
will hereafter be sufficient to meet the in
terest requirements on all three classes OF
preference income bonds.
Heretofore the payment of interest on
the first and second incomes was simply
stamped thereon. but for the purpose OF
avoiding Inconvenience. risk and expense
the railway company desires to provide for
the attachment to the income bonds Of In
terest warrants payable to the bearer. and
representing the installments Of interest on
such bonds which may be declared and pay
able each fiscal year. after the first fiscal
year ended June 30 last. so far as the hold
ers Of the bonds may desire to avail them
selves OF the privileges.
The trust will ho
railway company fifty cents a bond from
each deposition to defray the expense in
CURED by the railway company In connec-
tion with the attachment Of the interest
warrants. Nothing in the agreement is to
be construed to prevent the trust company
from continuing to pay interest as hereto
fore on any bonds whose holders may not
elect to avail themselves Of the privilege
OF having interest coupons attached.
~
According to Kansas dispatches applica-
ton was made yesterday at Topeka for a
charter for railroad company to connect
the Hartman railroads in the northwest
with the Hartman line running to New Or
leans and through the southern states, the
new railroad to run through the Kansas
name of the Denver, Kansas and Gulf
The capital stock of the company is So OOO,-
OOO. of which $5O0, 600 has been subscribed
me railroad will connect with tie Burling-
Ai.iSS III tic ana IN the south
with the Texas and Pacific The length OF
the main line Is estimated at 300 miles.
rms Is not the only item OF news relating
10 the Hartman extension plans. for ad-
vices from Mexico say that the Southern
Pacific has contracted with the government
to construct a railroad from Guayamas to
Guadala5ara or some other point on the
Mexican Central line, the road to be ap-
proximately 1.205 kilometers long and to
cost $SO!VO.OOO to construct, the govern
ment giving subsidy Of I2.5OO pesos a
kilometer.
The contract Is said to call for the COM
pletion of the entire line within seven
years. The Southern Pacific enters Mexico
over non-proprietary lines owned by the
Atchison. Topeka and Santa Fe, to which
company the Southern Pacific pays an an
nUal rental
The exports of copper for the first fifteen
days of August from Atlantic sea ports
were 1OSi7 tons At this rate they will be
about 1000 tons for the month as COM
pared with $4,000 tons for August last year
The total exports for the first seven mont hs
of 1903 were 1929 tons. as compared with
133. 534 tons for the corresponding period
OF last year. which was the record up to
that time.
Statistics just completed indicate that the
production of copper by the more promi-
nent southern copper mining companies for
the year 1906 will touch q, 900. 900 pounds 1t
Is expected that the Tennessee Copper
Company's production will be Increased
next year to 20.00O.O0O pounds. That the
south is mineral kingdom Is only begin
ming to be appreciated.