davidaulloa/AmericanStories huggingface dataset:
Audubon Republican. [volume] (Audubon, Iowa) 1894-1925, 1906-10-25
Evil of Watered Stock.

Every corporation should be required
to have its capital stock paid for at par,
In money, before 1t is authorized to trans
act business. The genius for deception
tender for stock. and it should be de-
clared the counterfeit ii is. The evil of
over-capitalization has still another Sc
rious phase. 1t furnishes an ilegitimate
motive for excessive prices. 1t is per-
fectly natural for the members of Il cor
poration so organized to endeavOr to pay
dividends not only upon the real capital
invested in the business, but also upon
the baseless stock which represents moth
ing but the audacity of promoters and
the weakness Of the law.
Need of FderaI Action.
These suggestions would be idle If there
were no practicable remedy for the OBJ
Vious wrong. There is no hope Of at
tanning uniformity through legislation.
The state in which the greater number of
these companies is organized secures q
revenue from them more than sufficient
to defray the expenses of it's state gov
eminent, and seems easily convinced of
the justice of its laws. l believe the
question is national one, and that the
time has come to narionalize it. ! reCog-
niZe the difficulty of amending the con-
StitutiOn of the United States; but | know
that whenever the people are sufficiently
In earnest, il can, and will be done. Be
fore corpora tons which are to do bust
ness throughout the country, and in
which the people of one state are quite
as much interested as the people of an
other, are permitted to OganZe, they
should be compelled to show that their
capital stock has been paid for in money,
and that the real value of the property
they acquire is as great as the stock
which represents it.
Positive Remedies Needed.
am unable to agree that we can cure
whatever evils may exist in these organ
izations, by publicity. Their affairs are
already sufficiently public so that every
Audubon Republican. [volume] (Audubon, Iowa) 1894-1925, 1906-10-25

Is said, and I believe 1t to be true, that
more than 50 per centum of the stock Of
every trade combination now in existence
IS pure fiction, and the opportunity to
gamble upon the stock exchange in worth
less stocks has been uppermost in the
On bringing together these Organizations.
Audubon Republican. [volume] (Audubon, Iowa) 1894-1925, 1906-10-25

intelligent man understands in a general
way of what they are composed, what
they are doing, and what they are earn
ing. 1t is well enough to require them
to make statements, and submit to ex-
animation, but if we are to limit our reg
ulation to mere publicity, the outcome
will not justify the attention we are be-
slowing upon the subject.
l recur to an expression of moment
ago, that competition is the force upon
which we must rely to regulate the
prices of the products of industry, for
cannot consider with ComplaCenCY the
Alternative to which we would be driven
If competition were eliminated. I sim
CerelY hope that we win find sufficient
Ollie or unduly restrict the field of com
petition, in the natural impulse to enter
profitable business; and if these cor
pOratOns, however large, can be put and
waintained upon q lawful basis. 7 cont
fidently believe that industrial monopolies
cannot endure.
Audubon Republican. [volume] (Audubon, Iowa) 1894-1925, 1906-10-25
Corporations.

There is another thought which Is d.
rected more to the creation of a whole
some sentiment than to the enactment of
laws, to which must draw your atten-
ton He who honestly makes, has the
right to safely keep, whether il be one
dollar or a million dollars; yet there are
certain incidents of wealth and espe-
cally associated wealth. which ought to
receive the serious consideration of those
who have the welfare of their country at
heart. Wealth gives to him who owns or
controls 1t power for great good and for
great evil; 1t gives him power to endow
schools, found libraries and relieve want,
but 1t also gives him power to seduce
and coerce his fellow men, and this power
should be most jealousy scrutinized.
Wealth, and especially Incorporate
wealth, has many rights; but it should
always be remembered that among them
Is not the right to vote. Corporations
have, and ought to have, many prvl-
leges; but among them Is not the privi-
lege to sit in political conventions or oc-
cupy seats in legislative chambers. Cor
pOrations, as such, should be vigorously
excluded in every form from participa-
ton in political affairs. Here at least
the rich and the poor as individuals
should meet upon n plane of absolute
equality. The conscience and intelligence
Of the natural man must be the sole fac
tors in determining what our laws shall
be and who shall execute them.
Audubon Republican. [volume] (Audubon, Iowa) 1894-1925, 1906-10-25
Railroads Dislike Roosevelt.

The men who have got control by hook
or crook of the great corporations of the
country, are bitter in their opposition to
President Roosevelt. He has proved
troublesome man to trust monopolists.
They we've not content to let him remain
as governor Of New York, and they at
tempted to shelve him by making him
vices president of the United States, but
in this their efforts were thwarted by his
proVidential elevation to the presidency,
and when they endeavored to defeat his
nomination in 1904, the only man in whom
they had hopes of succeeding with was
providentially removed. They are de-
termined thatSnother man like him shall
not go to the-White house. The contest
is now on between the people under the
lead OF President Roosevelt on one side,
and the corporations, under the lead of
INSCRIPTIONS men, on the other side.
Other questions should be subordinated to
this until it is settled whether we are to
have a government of the peopleby the
people, for the people, or a govern
ment Of the corporations, by the corpo-
ratiOns and for the corporations; whether
the great work which President Roosevelt
has entered upon shall be continued and
carried out to a successful termination
or not. This is the paramount issue now.
The work that is necessary to be done
Is only just commenced. The rate bill
passed by the last session of congress is
only one small step forward. The work
must not stop until the corporations are
under complete control.
Audubon Republican. [volume] (Audubon, Iowa) 1894-1925, 1906-10-25
Took s1o,oooyooo Too Much.

Dividends are paid by the railroads on
at least twice as much capital as was
ever invested in them by the stock
holders. More than one-half of the stock
issued by them is water, fo~ which no
legitimate payment was ever made
The railroads in Iowa are capitalized
and dividends are paid on more than
twice as much as was ever invested in
them by the stockholders. We have heard
great complaints of the evils of absentee
ownership, and the excessive amounts
taken from Ireland by the English. and
from Cuba by the Spanish. yet we are
suffering from the same thing right here
in Iowa. Wall street took in net earn
ings from the railroads in this state last
year, after paying all expenses of opera
ton, all taxes and large amounts for
betterments, over $10,O0O,000 more than IL
was legitimately entitled to.
Disappolnts Corporation Managers.
When we fully realize the situation, we
understand why the railroad corporations
made such desperate effort TO control
the nominations oil our state ticket this
year. And this Is the most important
matter that we have to- deal with at the
coming election. / hope the voters will
not permit themselves to be misled.
In my diagonis Of the case / find this
to be the situation here. Governor Cum
minis has proved a disappointment to cor
Doration managers Notwithstanding the
Audubon Republican. [volume] (Audubon, Iowa) 1894-1925, 1906-10-25
Further Offends Railroads.

He found that the assessment Of ran"
road property had not keptpacs with Us
road property had not kepI pace VITA lts
increase in value. and it has been justly
came a member of the assessing board
This increases the taxes of the railroads
about $4,000 per annum and relieves 9th.
er taxpayers to that amount. This alone
would be sufficient to incur forever the
displeasure of the railroads, but he gave
further offense by vetoing bill, which U
it had become a law would have brought
disgrace upon the state by making 1t
rendezvous for legalizins corporation
abuses.
He again provoked their wrath by urg-
ing the legislature to abolish the free pass
which it did to certain extent 1t IL
estimated that about 100000 of transport
tation a year was distributed in the state
for the purpose of influencing public sem
timent in favor of railroads.
He also visited President Roosevelt with
other western governors, and urged him
to emphasize his recommendations for
giving the interstate commerce commits.
sion Increased powers and he also appear
ed before the United States Senate conn
mittee and made an unanswerable argu-
ment in favor of such legislation.
Audubon Republican. [volume] (Audubon, Iowa) 1894-1925, 1906-10-25
RIGHTS AND DUTIES OF CITIZENSHIP
AS PRESENTED BY IOWkS GOVERNOR
cED GROUND TAKEN BY GOVERNOR cUMMINs IN HIS INAUG
RAL ADDRESS ON QUESTIONS WHICH BE MET.

Combinations Trustscurbing the
poraaons In Potics-The the Railroad
Audubon Republican. [volume] (Audubon, Iowa) 1894-1925, 1906-10-25
LARRABEE SAYS
VOTE FOR CUMNllNS
Continued from FIRST page.)

several years the most beneficial effects
resulted. The supreme court of the Uni
ted States, in 1897, decided that the com
mission did not have authority to fix
rates and the railroads at once took ad-
vantage Of the situation.
Their increase in mileage from 1888 to
1888 for nine years was 1875 per cent
Their increase In gross earnings. 1853 per
cent
Their increase In net earnings, 22.5 per
cent.
Their increase in mileage from 1897 to
1906, for eight years, was 1872 per cent
Their increase in gross earnings, S41
per cent.
Their increase IN net earnings, 81 per
cent.
1t will be noticed that after the de-
cision of the supreme court in 1897 that
the interstate commerce commission did
not have the power to make rates; that
the railroads advanced their income over
10 per cent for each of the eight follow
ing years. Until the enactment of the
law approved June 30, 1906, and which
took effect the 2Sth of August last, there
was no law whatever upon the statute
books of the United States to limit the
railroads as to what they might charge.
Audubon Republican. [volume] (Audubon, Iowa) 1894-1925, 1906-10-25

fact that he had wealthy corporations foa
clients at the time, when the farmers OF
this state organized to break down the
great barbed wire trust that was levy.
Ing upon them exorbtant and unreason-
able prices, Governor CumminS did noe
hesitate to be employed by them, and no
prosecuted their case with great vigor
and ability to successful termination.
Barbed wire. in consequence, fell In price
several cents per pound. Farmers OF that
period will well remember the saving to
them. I built about that time fifteen miles
of fence upon which the saving to mo
was about $780, ] cannot forget this val
liable service rendered to the farmers or
this state.
In 1887 he was elected to the legislature
as an independent republican. / was not
then intimately acquainted with him, and
I must confess that my prejudices were
much against him. The temperance lues-
ton was prominent at that time and our
views did not harmonic upon IL. also
knew that he had been employed by the
railroads as a civil engineer, and at the
time of his election was employed as at
torney for q great railroad corporation.
classed him with other corporation at
torneys whom / had known for years as
professional and INSCRIPTIONS lobbyists.
The session of the legislature was not
half over, when discovered my mistake
and found that had made wrong es-
innate OF the man; found that while no
was always loyal to his clients as an at
torney, he also was loyal to the people OF
Iowa as legislator ! soon discovered
IL
looking at all sides of public questions.
and had the honesty and courage to adj
vocate the adoption of such measures az
appeared to him to be right. He rendered
valuable service in helping to frame the
railroad legislation of that session. he
was upon my recommendation, appointed
a member of the conference committee
that put the finishing touches upon the
law. and he voted for It upon its final
passage and thanks to his veto OF a bill
carelessly passed by the last legislature,
the law of 1883 stands today as 1t was az
that session enacted. by as fine set or
men as ever met in legislative hall the
railroad lobbyists were much disappointed
in him as a legislator. They were sur:
prised that he would not stultify hfmself
by stopping to cooperate with them In
their disreputahle methods.
After he had taken the oath OF office
as governor he fully appreciated the
magnitude of the responsibility resting
upon him. He realized that with all the
people of Iowa depending upon him, he
had never before such a chentage. THAI
he has performed his official duties, eotn
those which were unpleasant as wen az
those which were pleasant. with signs1
ability and fairness, no one can deny.
Audubon Republican. [volume] (Audubon, Iowa) 1894-1925, 1906-10-25
Positive Remedies Needed.

am unable to agree that We can cure
whatever evils may exist in these organ
izatiOns, by publicity. Their affairs are
already sufficiently public so that every
Audubon Republican. [volume] (Audubon, Iowa) 1894-1925, 1906-10-25
Seek Complete Control.

It will be seen from this that the rail-
roads have had the unlimited power of
and that they have exercised it with a
free hand, especially since the year 1897.
Were this their only offense it might
have been tolerated little while longer.
of national and state governments would
satisfy them. They made large contribu-
tions to- the campaign funds of both OF
the great political parties, and they de-
manded obedience from them in return.
The condition was becoming intolerable,
when President Roosevelt asked that rea-
sonable restriction be placed upon them.
1t is an open secret that a majority of both
houses of congress were opposed to the
measure but under the strenuous de-
mands of the president law was passed,
embracing perhaps the minimum restric-
tons that would be accepted by the peo-
pie upon the subject.
Imperial Valley press and the Imperial press., 1906-06-23
Origin of "stationer.o

According to Pierre de Blois, the t. tie 'statiOner" was applied to one class of bookseller long before the seven teenth century, though that may have been the period when it came to refer to any seller of books. He distin- guishes between the librarii and the stationarii, who had both become so numerous in Paris in 1259 that cer- tain regulations had to be made for their control The former were agents for the sale and loan of manuscripts, a large sum of money being deposited when manuscript was lent, while the latter, allowed to have stations or stalls In the markets, were sellers and cop iers of manuscripts. At the time he wrote there were twenty-nine brokers and stationers in Paris, not a very dan gerous number, one would think, con- sidering that Paris from the twelfth to the fifteenth century was considered the chief seat of learning.-London Standard
Imperial Valley press and the Imperial press., 1906-06-23
At a French Wedding.

A wedding feast is an important ceremony in France among all classes of society. Even among the very poor est of the Parisians wedding banquet is the occasion for a reckless eXpendi- ture of money in the purchase of wine and viands.. In Brittany a wedding is even a more gorgeous affair than in Paris. At recent wedding ceremony in Brittany the guests numbered 1,200, and three bullocks were slaughtered to provide them with meat. Wine was consumed in large quantities, and in addition forty barrels of cider was con- Sumed.
Imperial Valley press and the Imperial press., 1906-06-23
Coughing.

'HThere is nothing so irritable to a cough as a cough" Constant coughing is precisely like scratching wound on the outside of the body. So long as it is continued the wound will not heal Let a person when tempted to cough draw a long breath and hold it until it warns and soothes every air cell, and benefit will soon be received from this process. The explanation simply is that the nitrogen which is thus refined acts as an anodyne to the mucous mem brane, allaying the desire to cough and giving the throat and lungs chance to heal.
Imperial Valley press and the Imperial press., 1906-06-23
The CuFranf.

The currant of commerce is said to be one of the most nutritious forms of food, pound of the little berries from Greece containing more than three times as much actual nourishment as the same weight of lean beef. Cur rants,' says one authority, should really be eaten every day. They con tain all the beneficial properties of the apple, but in greater proportion" The most important fact connected with them is that they supply the body with muscle building and nerve sustaining material in form ready for speedy digestion and assimilation
Imperial Valley press and the Imperial press., 1906-06-23
Notice of Equalization

Public notice is hereby given, that the Board of Supervisors of San Diego County will meet Monday, July 2nd, 1906, at 2 o'clock P. M. of said day, and remain in session for ten days there after, for the purpose of sitting as a Board of Equalization, to equalize the assessment of property in San Diego County all persons having any obiec- tions to make to the assessment of property in San Diego County, as as- sessed for the year 1906, are hereby notified to appear before the said Board during the time above specified, and file their objections and petitions in writing with the said Board.
 No petitions for reduction of assess ment will be received after July 7th. 1906.
 By order of the Board of Supervisors.
 FRANK A. SIMMONS, Clerk.
 By HERBERT N. NEALE, Deputy. Wheat for your chickens. Desert Grain Co.,, Imperial.
Imperial Valley press and the Imperial press., 1906-06-23

to Holt, in whose name the present suit is brought.
 Mir. Chaffey denies that he, with George Chaffey, N. w. Stowell, J. w. Swanwick and 4. H. Heber ever enter ed into any conspiracy to defraud the development company of any assets, or that the Imperial Land Company was formed as an agency through which to defraud the company
 PIE PLATE ASSETS
 George Chaffey reiterates much that is set forth in the other two affidavits; :; also denies that he or A. M. Chaffey is paying the expenses of the suit against the development company. Re asserts having carried out his contract with the development company, made April 3rd 1900, to construct canal to carry 400, 900 acre-feet of water per annum, and Tn fact constructed the canal so that 1t carried in excess of l,OO0,O acre-feet per annum.
 Then MT. Chaffey refers to the suit brought in the Superior Court by the development company, and states that the allegations of fraud in this suit are in large part based upon the assumption that the securities of the development company were worth par and that it's officers and managers were guilty of fraud in selling them at 50 cents on the dollar in and about five years ago.
 He asserts that he was induced to enter into an agreement with the de- velopment company-and to acquire an interest upon the representation that the company owned, or held a valid option upon, 320 acres at Hanlon's Landing, and to about 100000 acres be- low the Mexican line, while it was a fact that the options had lapsed and the company did not own this land, but he, Chaffey, had to secure the rights to them.
 He says he found the company dis credited, III debt, with ple-plates as as- sets, and left it with assets of upwards of $2, ,25O,0O0.
 MT. Chaffey also charges that the suit Tn the Superior Court was brought really by the Southern Pacific to exhort stock for itself from stockholders of the development company.
 Hunsaker & Britt and Walter NJ Rose are attorneys for MT. Holt in this action.
Imperial Valley press and the Imperial press., 1906-06-23
The Largest New.paper.

The largest newspaper ever publish d in this or any other country was The Illuminated Quadruple Constella- lion, which was issued in New York city on July f, 1859. It was a 2S,OO0 edition and was sold at 50 cents per copy. The size of the page of this sheet was 70 by 10c inches, or almost forty mine square feet. It was an eight page paper, thirteen columns to the page. or a total of 104 columns, each forty eight inches in length. It was illustrated with good portraits of Pres ident Buchanan, Edward Everett, Hen y Ward Beecher. N. F. Banks, E. H. Chapin, Horace Greeley, Elizabeth Barrett Browning, Alexander von Humboldt, James G. Bennett and sev- eral others. The paper contained thir ty-six different poems entire, one of them having as many as SiXty-four eight line verses. Among other articles of special note was the celebrated Moon Hoax" published in 1885. It required the work of forty persons ten hours per day for eight weeks to "get out" this mammoth paper.
Imperial Valley press and the Imperial press., 1906-06-23
Deadly Serpent Bites

are as common in India as are stomach and liver disorders with us. For the lat ter however there is sure remedy :EleC- tric Bitters the great restorative medi- cine, of which s. A. Brown, of Bennetts- vile, s. C., says: "They restored my wife to perfect health, after years of suffer ing with dyspepsia and a chronically torpid liver" Electric Bitters cure chills and fever, malaria, biliousness, lame back, kidney troubles and bladder dis orders. Sold on guarantee by all Drug gists. Price soc.
Imperial Valley press and the Imperial press., 1906-06-23
The Tin.el Maker of Delhi.

Here is an artists pretty description of tinsel maker in Delhi India: "The siIken thread from a ball under the workers feet as he squats on the ground runs over the hook and is at tached to the spindle One rapid sweep of the latter along the workers thigh sets it going and both the slender, sup pie hands are free, one for the thread. one for the reel of tinsel, which in a flash shoots upward to arms length coiled like snake about the spinning thread. The sunlight and the gold tinsel together flash up the yellow silken thread, seeming to set it on fire''
Imperial Valley press and the Imperial press., 1906-06-23
Niagara Outdone.

A Scotchman was taken by an Amer ican friend to visit Niagara falls. AL ready his feelings as patriot had been a little frosted by the persistent blow ing of his conductor on the greatness of things American. Did you ever behold anything so wonderful as that?" asked the guide. Aye, man, at Pee bles saw peacock wi wudden leg," was the unexpected reply.
Imperial Valley press and the Imperial press., 1906-06-23
Death from lOCkiaw

never follows an injury dressed with Bucklen's Arnlca Salve. It's antiseptie and healing properties prevent blood poisoning. Cbas. Oswald, merchant, of Rensselaersville, N. Y, writes :"It cured Seth Burch, of this place, of the ugliest sore on his neck I ever saw. ."Cures Cuts, Wounds, Burns and Sores. 25c at all Druggists.
Imperial Valley press and the Imperial press., 1906-06-23
Lion of Babylon,

One of the oldest and at the same time most interesting bits of pictorial work which have been preserved from antiquity is that of the lion of Baby lon, and so careful was the workman ship that even after the lapse of sev- eral thousand years not only the out line, but the color, Is very distinct The figure was used very generally for decorative purposes in ancient Baby lon.
Imperial Valley press and the Imperial press., 1906-06-23
An Improbable Story.

Diogenes, lantern in hand, entered the village drug store.
 "Say, have you anything that will cure cold?' he asked.
 ''No, sir, I have not" answered the pill compiler.
 "Give me your hand" exclaimed Di- ogenes, dropping his lantern. 'I have 0t last found an honest man."
Imperial Valley press and the Imperial press., 1906-06-23
An Alarming Situation

frequently results from neglect of clog ged bowels and torpid liver, until con- becomes chronic. This condi- tion is unknown to those who use Dr. Kings New Life Pills; the best and gentlest regulators of Stomach and Bowels. Guaranteed by all Druggists, Price 25c.