Morris tribune., 1905-05-27
COMMERCIAL
Tesla Patents Expire.


Three patents granted to Nicola Tes-
la in 1898 on which a great part of the
worlds electrical business is based eX-
pired May 1. These patents were held
by the Westinghouse Electric an0
Manufacturing company and by the
General Electric company. They were
the broad application Of the use of al
ternating motor currents. Manufacture
ers are expected now to begin produc
ing the Tesla machines.
Another Empire Express.
The New York CentraIs new nine
hour train between New York and Buff
falo, known as the Second Empire"
made it's first trip May 10 on time This
train enables business men as far aS
Buffalo to do business in New York
and get home the same day.
81 Miles In 43 Minutes.
The special train Oh the Gsaading raiE~
road between Camden and Atlantic
City made the distance of fifty-four
miles in fOrty-three minutes May is, "a
new record for that distance. The trains
carried members of the railway COR
| greSs.
Profits of Rubber Trust.
The annual report of. the United
| States Rubber company discloses RET
profits for the year amounting to 49,
| 7G1, 1922. This is more than double the.
! net profits Of the preceding year. It is
based Oh net sales amounting to $32,-
931,2 1O. During the year the price OF
crude rubber has advanced steadily
and the company has added to it's ia
| ciIities for procuring the material indie
pendently President Colt says that the
profit sharing plan for employees has,
| proved most successful.
= New Theatrical Syndicate.
Representatives of fifteen theatrical
| stock companies in large cities have
met at New York to organize an assoc
. citation Of theatrical stock company
| managers. 1t aims to include all Of tire,
permanently located companies in the
cities represented and to establish g
circuit of theaters round which cOmpa~
MES may move, remaining one week in
| each city. Each company will play in
each house on the percentage plan OF
shares to the company and the house
| The profits of the house will be pooIeG
| and divided among the members of the
! association at the close Of the year
Headquarters will be established at
New York. The organizers disclainE
any intention to exclude other cOmpa-
MES, but say that they will take in any
70 hi 1rTJ,o 10
ter. A similar organization is now in
force in the vaudeville field.
City Offers to Buy Railway.
Mayor Johnson Of Cleveland an
nounced on May Is that the city wouRG
pay $50 a share for the 234 600 shares
Of the Cleveland Electric Railway
company in the name of a holding
company controlled by the city This
he said was all the city would pay.
Failure Of Per Cent Bank.
The Cooperative Savings society OF
Stamford, Conn. which secured many
depositors by the offer of per cent irG-
terest, went into the hands of re-
ceiver on May Is.
China to Boycott Us.
The Shanghai (China) chamber of
commerce has decided to lead in ana
organized boycott of American goods,
and manufactures until the United
States makes some concessions as tcS
it's policy of Chinese exclusion. Also
lutte freedom to enter and leave this
country is not demanded and the ex-
clusion of coolies is favored by the
Chinese merchants. What they want
is a modification of the law such aS
will permit respectable and well to do
Cinnamon to enter the United States
under the same conditions which gov
ern other foreign travellers. Thousands
of Chinese merchants have signed am
agreement not to purchase any artI-
cles of foreign manufacture until it iS
examined closely, and agree to reject
any article of American trademark
Railway Congress on Rates.
Since the final session of the interna
tional railway congress at Washing
ton about 300 foreign delegates have
been touring the country on four spe-
cial trains as the guests Of the Amerf-
can Railway association. The official
-------1 conclusions of tEes
IT'S congress included
| laNsd@wx. a declaration that
MazsNSgNA. freight rates shouEG
WEYMsS @SSM be based on the
MSksg3as&S cost of service an6
Ms8RgaaN~ charged without az
| MW&M) bitrary discrimfnsa-
IANNSSS2H&n, ton. 1t was also
~ . ~ 49, agreed that auto
matte signaling be
secretaryNshaw. recognized as tbs