davidaulloa/AmericanStories huggingface dataset:
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1906-09-07
THE STOCK MARKET
IS STIMULATING
Treasury Department Permits
Deposit If Government Funds =.
EFFECT WAS MODERATE
New Measure of Relief Becomes OPP
eratise Next Monday, and Already
the Market Trading Shows
Much Freer Action.

New York, September 6-The stock mar
ket today showed some stimulating effect
from the order of the treasury department
permitting deposit of government funds
with national banks against engagements
of gold for import The effect was mod
crate, partly owing to the selling 10
realize profits by those who bought stocks
on the confident assumption yesterday
that action was imminent by the Secre-
tary of the Treasury for the relief of the
money market, and partly owing to the
fact that the call money market did not
show the expected relaxation as the re-
suit of the news. AS the measure OF re-
lief does not become operative until next
Monday no actual increase of banking re-
sources was Immediately supplied, but 1t
was hoped by operators in stocks that the
assurance of new supplies, although de-
layed, would cause freer offerings Of
credits and relieve the stringency at once.
When this was seen to be doubtful the
speculation was inclined to take wait
ing position. Good resistance was shown
TO any selling pressure and prices We're
sustained by the conspicuous strength of
some OF lne speculative lSduelS Al INC
list of stocks.
No actual steps we're announced to take
advantage Of the facilities promised by
the Secretary of the Treasury to help the
gold movement. No doubt is felt among
bankers, however that considerable in
ward movement of gold will follow. The
use of government deposits may extend
under the order to engagements of gold
made by the banks either before or after
the going into effect of the order. Gold in
transit to New York by Monday will
give the consignees the right to the use
of government funds until its arrival as
we'll as the gold engaged on or after that
date. The order makes no restriction on
the time that may be required for the
receipt of the gold if it has been actually
engaged or shipped This would make 1t
feasible to buy gold in Australia, Japan
or even in South Africa, and market the
proceeds available for use in New York
from the date of purchase without ex-
pense for interest charges, while the bull
lion is in transit. The arrangement is the
same as that in force last April with the
exception of restrictions against what
seemed abuses of the privilege at that
time. 1t was supposed that some of the re-
cent accumulation of gold in London by
uindisclosed agencies was had for New
York account in expectation of the treas
ury action which has been taken. In that
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1906-09-07
Coffee Market.
flee. spot

New York, September 6.--coffee, spot
Rio steady; mild, steady.
Futures opened steady at an advance of
Is to % points on higher European ca
bles, covering of shorts, support from
trade interests. and private cables from
Brazil reporting an unfavorabe outlook
for the coming crop. Later a cable was
received from Havre reporting that San
tos holders were Withdrawing from the
market owing to expectations Of bullish
crop news and prices here worked up to
net advance of 80 to IS points There
was heavy selling at the advance and
prices reacted slightly in the early after
noon, but were firmer again in the late
trading and closed firm at net advance
of 30 to 40 points. Sales for the day were
reported Of 1913, $50 bags including Septem-
Der, 6.25a6.30; October. $50: November,
$50; December. 630@6.35; March, $3.50
6.75; May, e.706i6.sO; June, 6s5; July $500
6.95
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1906-09-07
New orleans Cotton Market.

New Orleans, September 6.-Spot cotton
closed steady and unchanged; middling,
9Is. Sales were 800 bales on the spot and
1850 to arrive. Futures opened steady from
2 points net higher to lower. With crop
news still fairly good the main factors
in determining the course of the market
were the expected condition and ginners'
reports and the tropical storm warning.
predicting general disturbance In the Gulf
and South Atlantic states. These consid-
erations caused quite general covering
with a consequent rise in prices, which
produced a range of nearly 20 points in
several months Prices fell off before the
close and the opinion was expressed that
most Of the covering had been complete ed
The close was quiet and steady, with
prices to 10 points above yesterday
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1906-09-07
Ware & Leland,s Market Letter.

Today's market was very steady and
a material advance was scored.
The advance, however, had all the ear
marks of manipulation and 1t looked as
If the largest operators In New York
were trying to run in the shorts Offerings
were limited from the opening and on
quiet but persistent buying the price
gradually rose until December around
noon was selling at 9.25. Even at this
level offerings were scanty.
For the time being the bulls had the
market under complete control, shorts
generally seemed convinced that the COM
ing bureau report on condition would
show deterioration of at least per
cent and that the amount of cotton ginned
prior to September ! would fall far short
of the 600 ginned before September l
last year. During the larger part of the
session offerings came only from satisfied
longs. The weather was not favorable
heavy rains were indicated over a great
portion OF the belt and stories of boil
weevil damage came thick and fast from
Texas. Liverpool fully met expectations
on futures.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1906-09-07
Naval Stores.

Charleston. September 6-Turpentine and
rosin, nothing doing.
Savannah, September 6.-Turpentine
firm. 611kc; sales. $3.50; receipts, 55s; ship
ments. 252 Rosin firm; sales. 3O76; re-
eeipts. 2ssS; shipments, 1852; stock. ~, 455.
Quote: A, B. c, "a; d, 1870; f, $3.50; F.
$40; G., 81. 45Q4. AN; II. 4.50; I, $3.50; X,
$4.55; NJ. "a 60d4. 10. n, s50t5 .05; VIC, s.. 25a
$40; WV. $5.55n5 So.
Wilmington, September 6.-Spirts tur-
pentine firm, Gle; receipts, SO casks. Rosin,
nothing doing; receipts. SO. Tar firm, 81;
receipts, 46. Crude turpentine firm; hard,
$3.50; dip and virgin. "a 40; receipts, 70
New Orleans, September G.-Pitch. 81. 80:
pine tar. $3.50 Rosin firm. Quote: A. b. c,
81; D, s4.2o; E. $40: F. lao: @. s4.45 Fl.
$3.50; /, 81. so; K, 81 50; M. 81. coal. 20; N,
s5a5 .O5; VIC, So. 25@5. 40: WV, 5.55Q5. s..
Turpentine firm
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1906-09-07
Metal Market.

New York. September 6-The tin mar
ket was unchanged In London for spot,
but a shade lower for futures at g1S4 IS
for the latter and s1S5 for spot Locally
1t was easier at 1870 to 1880 Copper was
lower in London. spot and futures quoted
at esq Is Cd Locally. unchanged with
lake quoted at 1s.s71sd19.00: electrolytic,
49, 621z71S. 70; casting. 10.371zG1O.5O.
Lead was firmer at 5750I5.90 locally and
advanced to ELS in London. Spelter was
unchanged at e27 los In London. Locally
It was steady and shade higher 6.05@610.
Iron was unchanged to shade higher In
English market with standard foundry
quoted at 53s Id and Cleveland warrants
at 54s 41kd Locally the market was firm.
No. ] foundry northern is quoted at 2o.o0Q
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1906-09-07

Cash quotations were follows:
F1our-Barely steady.
! Wheat-No. spring, 72@741ac; No. 3,
69p741ac; No. red, 69ss0170c.
Corn-No. 2. 49c; No . yellow 4974150c.
Oats-No 2, 3015c; No. 2 white, 321a@
3Sc; No white. 271zd32s4c.
Barley-Fair to choice mating, 42@4Sc.
Flax Seed-No. 1, 81 .0l1a; No. l north
western, $109
Prime Tomothy Seeds 9574.05.
Clover-Contract grades, S12
Short Ribs, Sides-Loose, IS. 6567S. IS
Mess Pork-Per barrel $l6S71k.
Lard-Per 100 pounds, $S.671a.
Short Clear Sides-Boxed, $S71a@9.
On the produce exchange today the
butter market was steady; ereameres,
19@231Ac; dairies, 17d2015c.
Eggs-Steady; at mark cases included.
121k@17c; firsts, 1S1zc; prime firsts, 2Oc; ex-
tras, 221sc.
Cheese Steady, 111a@12sic.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1906-09-07
Bonds.
Money on Call.

New York, September 6.-Money on call
firm until near the close, when the rate
dropped to per cent; highest, % per cent;
lowest, per cent; ruling rate, 20 per
cent; closing bid, 8 per cent; offered at
per cent; time loans, strong; sixty days.
and 80 days, 71kdS per cent; six months.
61ad7 per cent Prime mercantile paper,
sal per cent sterling exchange steady;
below best at $4S3. 45@4S3 50 for demand
and at s4s1 for sixty day bills; posted
rates, $4S11aD4s2 and $4S41aG4S5 CONNER
ciaI bills $4SOss bar silver, 67a4c; Mexican
dollars, 52e government bonds steady;
railroad bonds heavy.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1906-09-07
Interior Movement.

Houston--Steady; middling. &c; net re-
ceipts. 1864; gross receipts, 1864; shipments,
767; sales 1911; stock. 2S.204.
Augusta-Firm middIlng. 95sc, net re-
ceipts $40; gross receipts, $40; shipments,
1865: sales, 662 stock, 9345.
Memphis Nominal; middling, csc; net
receipts, s. gross receipts, 5; sales, 70;
stock 5772.
ST. Lous--Quiet; middling, 9ssc; net re-
ceipts none: gross receipts 300: ship
ments. 45l sales, 800; stock, 129f0.
Cincinnati-Net receipts, 1l2; gross re-
eeipts, 112; stock 1901.
Louisville-Firm, mddling, 10lkc.
Total today-Net receipts, 9621; gross re-
cepts, 99l1; shipments, S4s7; sales, 255S
stock 81 596
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1906-09-07

simply impossible to get an order accept
ed by first hands If it called for nearby
delivery. In percaes, shirtings, denims
and bleached cottons Of finer quality the
situation is exceptionally strong. Raw silk
has advanced sharply in price and in
consequence buyers paid the full advance
demanded in some quarters for silk piece
goods.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1906-09-07
Cotton Seed Oil.

New York, September 6.-Cotton seed
oil steady; prime crude, f. o. b. mills, 23dt
25c; do. yellow. Csc. Petroleum steady.
Rosin steady strained. common to good,
s4.05G4. rs Turpentine steady, 64n641ac.
Memphis, September 6.-Cotton seed oil:
Prime crude, PC; prime summer yellow,
&c. prime meal, SPA; prime cake, s24
New Orleans September 6.-Cotton seed
oil, prime, Bic; crude, Csc.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1906-09-07
Live Stock Market.

Chicago September 6-Cattle receipts
1900; market firm. Common to prime
steers, s.3.75d6.75; cows. 81. 7O@475; hefers,
50. 6Od5.35; bulls, s2.2564.50; calves, $1,000
750 stockers and feeders. s2.6000435.
Hog receipts 10000; market to Is cents
higher Choice light. 6,45Gl655; light mix
ed, $6.00M6.30 butchers, $615@6. 40; choice
heavy. $5-90@610; packers, $560m5.9O
Sheep receipts $4,000; market strong to
10 cents higher. Sheep, $425615.75; year
lings, $5.G0m6.5O: lambs, $6.O0@S.O0.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1906-09-07

The produce market continues about as
usual. The stock on Morris avenue at
the present is not a very large one and
the supply just about meets the demand
Large shipments of both Irish and sweet
potatoes are received daily. No material
changes in the list of quotations were re-
ported Yesterday
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1906-09-07
Treasury Statement.

washington, September 6.-Todays
statement of the treasury balances in the
general fund. exclusive of the $l50,000,0 900
gold reserve, shows: Available cash bal
ance, $2O2,5O7 ,927; gold coin and bullion,
$le9. III, 1856; gold certificates, s5561S,0s0
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1906-09-07
Local Staple Groceries.

Sugar-Granulated, 5asc; L. c., 4zsc.
Flour-Fancy patent $3.50; standard
patent, $3.50; straight $I25.
coffee-Green, 11Q13c; Arbuckle's, 1855;
Porto Rico, $751; 5
Meat-Dry sailed ribs. SIC; dry sailed
rib bellies, 10Ac; extra clear. 10c; hams
fancy. 15ssc; medium 14ssc; bacon bellies
1219c; California hams, 1Oc
Lard-Leaf, 10c; compound lard. SO.
Molasses-Centrifuga. 3OQ35c; sugar
house, 40c; Georgia cane, 35c.
White Peas-Per bitshel. 81
Beans-Navy. 2.25 per pushei: hand
picked Lima, &c.
Grits-92 pounds, s1,65.
MeaI-"Jim Dandy" SIPS.
Macaroni 6Izc.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1906-09-07
CLEARING and EXCHANGE.

New Orleans. September 6.--Clearings.
S2,1l5005. New York exchange 81 discount;
commercial paper 7MS percent.
Memphis. September 6--Clearances, $685.
2S1 balances. s119, 1872.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1906-09-07
New Orleans Cotton Futures.

New Orleans. September 6-Spot cotton
steady; sales. 2250; low ordinary. 5ss nom
nal; ordinary. 6B nominal good ordinary
T 7-16; low middling, 81; middling, 91s
good middling, ga; niiddling fair, nomi-
nal: fair. 1925 nominal; receipts. 1853;
stock. 15.922.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1906-09-07
CARROLLTON SHORT LINE RAIL
WAY COMPANY.
SCHEDULE.
Effective July IL. 1906.

No. l. No. g.
3:4S pm... Lv. Reform, Ala. Ar. .12:1O pm.
4:05 pm. .Lv.... Stansel ....Lv. 80 pm
AIS pm. Ar. Carrollton ..Lv. u:3j am.
4:43 pm. .Lv.. Carrollton lar. 20 am
sos p.m w.. Dillburg ...Lv. Hoo 9. m
5:23 pm. Ar. Anceville ...Lv. 1915 am.
For. further Information apply to John
r. Cochrane. Prest., City Bank Building.
Mobile. Ala; Alex Jackson, Supt.. Alice
~flla. Ala
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1906-09-07
THE LOCAL MARKETS.

An advance of about 10 points was noted
in the price of cotton in the Birmingham
spot market yesterday. No receipts were
reported, however.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1906-09-07
Chicago Change.

Chicago, September 6.-Clear weather
in the northwest caused renewed selling
of wheat here today and resulted in a
new low record mark for the season. AT
the close. wheat for December delivery
was off &c. Corn was shade lower
Oats were also off a shade. Provisions
were 21sq71sc lower,
The leading futures ranged as follows
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1906-09-07
Birmingham & Atlantic r. !

Schedule Effective June 10, 10O8
No. l daily leaves Talladega at
7:45 a. m, arrives Birmingham
tSouthern Railway .I0:15 am
No. daily leaves Talladega at
APO D. m, arrives Birmingham
(Southern Railway .........7:30 pm
Leave Birmingham (Southern or
Seaboard) at Gas a. m, arrive
Talladega at...............1 1914 am
Leave Birmingham (Southern or
Seaboard) at 4:05 D. M, arrive
Talladega at. .7:0S pm
For further information apply to o.
F, PATTBERG. G. p. A. w. M. TARP-
LEY, A. G. p. A, Talladega. Ala.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1906-09-07

The price of sugar has gone up He of a
cent. graduated sugar being quoted at
5ss cents, wholesale, and as cents Is de-
manded for the yellow clarified quality.
Fancy patent flour is down to $3.50 per
barrel and the straight quality at $4.25.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1906-09-07
Dry Goods.

New York. September 6.-Dry goods
buyers from the west who today tried
to cover on goods which they are run
ming short of found that on some of the
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1906-09-07

In the feed stuff market several changes
are noted. No. mixed corn das dropped
to s. cents per bushe and the white
quality to 70 cents. Corn shops have drop
ped to I've cents.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1906-09-07
seahoard Air Line.

Baltimore, September 6.-Seaboard Air
Line common and preferred, nothing do
ing.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1906-09-07

Attractive ads. are illustrated. Let
the Gawk make your Illustrations
Age-Herald Building.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1906-09-07

Hides and Wool.
Green salt hides. No. 1, 11m111ac.
Dry flint hides, No. 1. 1S@20c.
Dry salt hides. No. 2, 16Q1Sc.
Clear washed wool. 356D36c.
Unwashed wool. 25c.
BURY Wool, 14d16c.
Sheepsiins. 40as1.25.
Tallow, 4dF4c.
Beeswak. 25c.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1906-09-07
Local Iron Market.
Local cotton Market.


fCorrected by Citizens Savings Bank.
stock and Bond department Phones 9l)
BID Asked.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1906-09-07
ToMBIGBEE VALLEY RAILROAD
COMPANY

Passenger schedule effective May 2, 1901.
Going North Going Souta
read down. Read UP.
No. 2. NO. l.
Iv 715 ann. Calvert ....Ar. 7:4O pm.
Ar. 1890 a.m..... Hartford ....Ly. 7:25 pm.
Nv. $50 a.m.... Hartford AR. Cos pm.
Lv. 915 I'M. Slime Chapel. .Ly. 5:25 pm.
Lv 1045 AIM. Chaton ....Ly 3;5l pm
Nv 12:40 PM. Miliry .....Lv. 2:30 D. m.
Ar. 124O pm. .Hearg Sprgs. .Lv. 2:sO pm
Train No. L. Train No :.
I,v- $40 PM. Calvert ....Ar 600 a. m.
Arv. S:25 D. M. Fairford ...Lv. 5:45 IN.
Trains No. l and No. meet No. %.
northbound on the Southern railway from
Mobile.
Trains No. 2 and No. 8 meet No. p on
the Southern railway, southbound, and
M l16 northbound to ana from Mobile
Connections are close and passengers
can buy through tickets and can check
baggage through from points on South
ern railway to all points to 4. v. Line and
vice versa.
JOHN T. COCHRANE,
CHARLES p. DUKE. President
Superintendent.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1906-09-07
RAILWAY SCHEDULES

Showing the arrival and departure OF
passenger trains at the Union station
Birmingham:
Corrective August 10. 1869
toutsvIIIa and Nashville RatIroaA.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1906-09-07

Try the Gawk for haIf-tone and line
Illustrations. Ase-HeraId Building.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1906-09-07

2100: No. foundry northern at 1850
$4,000; No. foundry, southern, 2o.5Od2lOO;
No. foundry, southern, 2000@20.50.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1906-09-07

alabama" Brand Rolled
Oats-Crop 1905 now ready
for delivery. Sold by all first
class grocers.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1906-09-07
Feed STUFF.

Corn-No. 2 mixed, Csc; white, zoe.
Oats-No. 2 mixed, 43c No. white. Acc;
white clip, Soc
pure wheat bran, so or 100. s22.
Cotton seed feed meal, SIS; prime. 81.
Corn chops, s7.17Hs.
Corn hearts, Sis.
Shorts-1O0 pound sack, $1.20.
Hulls-80-lb C. s., 50 ton: 20-ib. C. s., 400
sack: 1O0-lb C. s.. sl1 ton. 100-lb C. s.. $50
sack: 100-b sack hulls, GOc.
Hay-Choice timothy, .Z3: No. 1 timo-
thy, s22; Johnson grass. SIS; clover mixed.
$40 so.
Fruits and Produce.
Lemons-Per box, extra fancy. $3.50
al. 90.
Watermelons-20130
cantaloupes-Mo Mobile. 50a75c per basket.
Ton1atoes-Alabama basket, 754$l.
Alabama Beans-Per crate. green. 1891
Corn--12iaq15c per dozen.
Limes-Per 100, 75cQs1.
Peanuts Fancy. per pound. &c. No. .. &C.
Cabbage-V Virginia crop, 11Ac pound
Pfneapples-36, SO and 40 sizes, SO. 25g3.50.
Cucumbers-Pe bu., 75c0s1.
Suuash-Per bu.. 75c6si .25.
Peaches-Per crate. Sl75920o.
Egg Plant-$1 .75ls
Grapes-per 4.pound basket. 25a30c; s.
pound basket 4Dc
New Apples-Cooklng, 5OcQ$1 bushel;
Maiden Blush, s3.25a3.50
Ouions-New crop, pound 2m21zc.
Spanish Onions-Per crate. $1.75.
New Potatoes-Per bushel. sems5c.
Sweet Potatoes-Per barrel $2GI2.25
E.ggs-25I26c.
Hens-35c; broiiers. 15l3oc.
Butterfly esh. S@l0c; renovated. &c:
creamery, 26c
cheese-Fuli cream. per pound. i4915c.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1906-09-07

The Gawk makes best ADVERTISING
ents--Aae- Herald Building.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1906-09-07
ss.8sD,Ob4.5s

mt: J. f. woodward. Vice President; ].
r, Forsyth, Assistant Cashier; f. 5.
n. Assistant Cashier.
ION f. d. Nabers, B. F. Moore. Robert
v. w. P. G.. Harding w. II. Hassinger.
d, William NJ. Walker, Culpepper Exuni.
Kanl.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1906-09-07
CLOSING STOCK LIST.

Sales. Hlgh. Low. Close.
The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1906-01-09
CHICAGO RICH In
CONTRACT GRAFT.
Corporation Counsel Declares
Five Millions a Low Esti- =
mate Of Steals.
Journal Special Service.

Journal Special Service. :.
Chicago, Jan. 9.-Assistant Corpora
tion Counsel Thomas Sutherland has
appeared before Mayor Dunno s econ
tract graft committee and cited spe-
cifc instances in support Of his charge
that at least $5,O0O,000 has been paid
by the city in the last fifteen years in
graft to contractors
Mr.. Sutherland declared that an in
vestigation of the contracts will un.
earth condition Of graft in Chicago
unparalleled in any other city" =
Sewers built Of slabs, and even of
baled hay, when the. specifications
called for brick, have been constructed,
he told the committee, because :" easy''
public officials entered into the con
spiracy and viewed, complacently the
violations Of contracts. ~
In the construction of water tunnels,
declared the attorney, inspectors We're
kept in saloons in drunken condition
that many of the water tunnels Of Chi.
cago are today reeking with deadly
pollution as a+-result. %-~%saA {
He told the committee that in his
opinion many Of the water tunnels un-
der streets were little more than sewer
conduits because of the Esgrafts'' that
had been practiced and permitted by
city officials.
After citing specific instances, in
which the names of several prominent
contractors were named, the attorney
vehemently pleaded for an investiga.
ton that should go to the bottom Of his
charges. sv Z. r.. -.
The commission, after hearing the
charges, decided to investigate all con-
tracts for the construction of land and
lake tunnels, intercepting sewers, con,
struction of bridges, erection of pump
Ing stations and purchase of machinery
let by the city Of Chicago from 1895 up
to the present time.
Mr.. Sutherland, after the committee
had taken this action, expressed the be-
lief that $5,000,000 would be found to
be far below the actual figure of
"graft'' covering these ten years.
The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1906-01-09
INSURANCE GRAFT
YET U.N NJ. 4. 4. [
High Officials in Mutual Life Ac-
cused of Petty Steals Ag-
II gregating Thousands.
Journal Snacial Service.

journal Special Service. s'-..~-
New York, Jan. 9.-The failure of
the Truesdale housecleaning committee
to uncover corruption in the Mutual
Life Insurance company and to take
steps toward the dismissal or punish
ment of those involved in the granting tn
scandal, is creating much comment IN
the financial district. Those familiar
with life insurance conditions declare
the Armstrong committee has done
nothing beyond scratching the surface
Of the fraud in the Mutual Life.
-, It is charged that men who are still
high i'm the company were concerned
in grating schemes which are known
to 50 many persons in the company that
the fimsiest kind of an investigation
by it's own trustees should surely bring
them to light. z,
One of the forms of graft relates to
vouchers put in by group OF trustees
on alleged telephone charges. These
men, it is asserted, took between $40, !;
900 and 100000 of. the policcyholders'
claiming that they. had spent the
money on telephone messages concern
ing the company's business.
This money was taken in small
amounts. Each man concerned IN the
grating game WsaId put in claim
every month or SO fpr money spent Tor
teIephoning. His ciaim would go thru
without question. +. . s,
D., This! was only one Of a. score Of
schemes employed by men Of great
prominence in. the financial world to
oct money out Of the company. Each
Individual charge was comparatively
small, but the aggregate represents a
very, large sum-