davidaulloa/AmericanStories huggingface dataset:
The Washington times., 1906-02-26
Fulton Wants to Amend
Hepburn Rate Bill

Senator Fulton. Of Oregon. called
upon the President this morning upon
a matter which he declined To make
public. Senator Fulton says he Is
greatly interested in the railroad rate
legislation. and will do everything IN
his power 10 aid the passage of the
bin at this session Of Congress.
4 would be perfectly willing to vote
for the bill as il now stands" said
Senator Fulton. ."Of course. / would
like 10 present my amendment and get
II attached To the bill. but If I can
not do so / shall not in any way OBJ
jeCt TO the passage Of the bill IN its
present form.
The amendment which / have al
ready offered, and which I may pre-
sent again. provides for an expression
Of the court, after il has reviewed a
rate and pronounced IL Illegal or uu-
constitutional. Of what il considers a
reasonable rate. / think this amend
ment is important, and hope 70 be
able To get II affixed TO the measure
before il passes the Senate"
The Washington times., 1906-02-26
Culberson BilI More Radical.

The bill introduced by Senator Culber-
son this morning IS a much more radi-
cal measure than the one reported by
the Senate committee It provides that
the Interstate Commission shall have
power TO fix a just and reasonable rate
instead of the maximum reasonable
rate provided in the committee bill.
This order shall take effect at a time
10 ne sDecified BY the commission not
exceeding thirty days from the date OF
the order and shall continue one year
unless otherwise ordered; provided,
that IL such rate so fiXed by the commits
sion is confsCatOry Of the property of
the carrier. the carrier affected may
proceed against said commission by ap-
prOpriate proceedings in equity in any
court of the United states Of competent
jurisdiction to enjoin the enforcement
of such order and rate; provided. fur
Their. that in determining what Is just
and reasonable rate and what is a con-
fscatory rate. no consideration shall be
given fictitious stock issued by the car
rier. or bonds or other obligations of
the carrier issued in excess of the fair
value of the DTODpTtV''
The Washington times., 1906-02-26
WASHINGTON STOCK MARKET

Sales-Washington Street Railway As.
81. O00fJSSis I.0oSdSS.
Washington Gas certificates. SJ00QI1I.
Washington Gas As l.0J0tt iV4l7 Slfys
d104Iz
Norfolk and Washington Steamboat
IS. $.tpOUll01Z. g. 0OJa1I1la.
Chesapeake and Potomac Telephone
SIS. $1.0O0dl055s.
Capital Traction. 2Gq146I2. ld147
Washington Street Railway, preferred.
lpqSs1., 25NS9i4. 2dSsl4. 50QS9
Washington Street Railway. common,
1OdA 25n43&. 25n437s, 500 43as, 50Q45Ss
5yst 1885, 5Gd 43sz. 50d43ss, 50d43sz SOC 4Ss4
256t4334. 1Od0J43S4. 50n4324, 505a43S4. 70u 49,.
5eu43Es I00d43zs z006 49,. 160lf437k IOta
a. 50d44. JOd4i. 200044. 2O0a44. 50a44, 1000
a. 50d44 254437s
American Security and Trust, foa2S5
Union Trust. I0W152-
Chesapeake and Potomac Telephone.
25n63-
Mergenthaler. 3d1927s
Lanston, 25Tl4a.. sails
GraphophOne common. 6Nj. I00G54
Graphophone preferred, 25d2SA
Greene Copper 10eG27i4, I00d2711, 1909
Pa l00Q271a Cbuyer 6O). 10OQ27la buyer
CO..
Mitchell Mining. 2e0a18ls. Io0al81s, 20oa
I3fe
The Washington times., 1906-02-26

is provided in the House bill. Friends
of the House measure insist that after
the Democrats have had opportunity
to express their views by voting for the
amendment which they favor they will
finally support the House bill
Foes Badly Disorganized.
The opponents Of regulation are ap-
Parently considerably disorganized.
partly as a result Of their defeat in
the committee and partly because of
what is now considered 10 have been
mistaken tactics. in turning over the
management of the bill to a Democrat
Apparently they had no definite pro-
gram aside from continuing their efforts
TO secure the insertion OF a court re-
view amendment and on this. such in
complete polls and Investigations as
have been made indicated that they
can hardly succeed. Senator EIkins
will continue in the chamber as he did
in the committee mis- effort 10 secure
the insertion of an amendment to
meet the situation in the West Virginia
coal fields, where IL IS claimed that ar
bitrary refusal of cars and switching
facilities have worked great damage TO
independent coal operators.
The Washington times., 1906-02-26
EXCITEMENT CONTINUES
ON RAILWAY COMMON
New High Level Established on Strenu-
Gus Buying by the Same Ag-
greSsive Broker.

The public expected some fireworks
in the railway common trading today
and that potriOn of them interested
crowded the space allotted and waited
impatiently for the performance TO
commence. 1t started off dull and
hesitatingly, the bidders crawling up
on their hands and knees and indulg-
ing in considerable jOCkeying for posi-
ton to discover how urgent the or
ders were TO dispose of the stock.
For time it looked as though
the entertainment would not come
OF, Broken Hume, who has
who has been the leading spirit main
tanned a quiet reserve. though it was
believed his work was being well per-
formed by trusty Heutenants At 43%.
which was practically the starting point
business commenced in earnest, and be
fore the smoke had cleared away the
price had been carried up to II on
transactions approximating 1900 shares.
while bids for 1000 share lots several
times repeated. representing the strength
Of the new position were made very
close to top prices.
With the exception of trifing orders
in the preferred, there was no apparent
demand. and price changes were in
consequential.
Capital Traction came out of its Rip
Van Wrinkle sleep, and > shares offered
at 1862 was promptly taken. while an
offer 10 pay l46 for 100 shares was met
by an equally prompt offer to sell the
same amount but a point higher The
bid for quotation lot closed at the
sale price and offerings were made !.
point higher.
A new record was as ~ bHshed on
Union Trust on one sale OF 10 shares
tied amount of this stock Offering and
buyers are obliged to pay The price de
manded.
CoppeTs were unusually active, so
shares OF Greene bringing IA. while an
equal amount of Mitchell was taken
at 1875. This latter stock has not been
traded in for some time, and the bust
ness today was at good figures.
The Washington times., 1906-02-26
WILL FIGHT THE OHIO
TW0-CENT RATE LAW

PHILADELPHIA. Feb. 26.-Prominent
railroad officials. representing all the
large lines which traverse the state of
Ohio. held three~hour conference in
the board room of the Penns -lv.Inia
railroad Saturday to determine Ju
plan for united opposition to tDa now
law of Ohio. which makes cents
the maximum rate Der mile that can be
charged for passenger trArtic i. that
State
All the leading counsel of the various
railroads, as we'll as John G. Johnson
OF TINS city. and several other lawyers
who are authorities on corpora ton fay.
were present at the conference Secrecy
was maintained at the meeting. and
aside from the statement that tia Ohio
mileage law was the subject discussed
little was said It was learned. how
ever. that the law. which does not go
into effect until March TO- will be Wig
Orously contested in the courts
The Washington times., 1906-02-26
SUPPLY OF STOCKS
DECIDEDLY SCANT
Advanced Prices Demanded
on Active Issues.
GAS WAS THE EXCEPTION

The feature of the stock market since
the opening has been the scant supply
of stocks around ruling quotations
Buying orders in Il large majority of
the active issues could only be exc
cuted at advanced price limits.
Consolidated gas was an exception TO
the general strength. It fell points
in the first few minutes. Copper
opened % lower. but quickly rose 1 =
per cent, Mexican Central was the
strongest of the low-priced issues,
opening 1 per cent higher, and held this
gain in the face of fairly large profit
taking sales
Government bonds unchanged; other
bonds irregular.
The opening was thoroughly lrregu-
lar. Northern Pacific was down per
cent. Consolidated Gas, United states
steel common, and Anaconda were
DOWN n Erie and Amalgamated down
.. St Paul had a minimum gain OF
Ter cent. Smelling was nom'is'4l9
higher.
The Washington times., 1906-02-26
BANK SURPLUS RESERVE
DOWN TO LEGAL LIMIT

NEW YORK, Feb. o6.-The bank state
ment of Saturday showed a surplus of
but S5,l25,125 which IS within a small
fraction of the . per cent legal limit
and IS the smallest at this date since
1880. or a period of sixteen years. In
1903, the surplus stood at 81, SAC. O75: in
1904, at 49,, 150, 90; in 1903 at S. 951 500 and
In 1881 the lowest figure for this date
at -, zoo 500.
The decrease in loans was disappOint-
ing in view of the Teactionary stock
markets of the week. and apparently
was due to the shifting OF obligations
from local banks to trust companies
and foreign institutions.
The Washington times., 1906-02-26
CALL ON TRUST COMPANIES
FOR SPECIFIC REPORTS

NEW YORK, Feb. 26.-An entirely
new demand was contained in the
State bank examiners order for the
trust companies to make their fifth
statement of condition under the new
law. 1t is required that all deposits
and securities held under order of the
court. as trustees, shall be separated
from other deposits and securities so
held
Until recently trust companies were
free to invest trust funds in any Sc
curites approved by the court, An
amendment passed last year specifies
the securities in which trust funds
may be invested. In addition, there
Is law which provides that any trust
Iunds not invested IN accordance with
the speelhe requirements of the law
shaIl become preferred liability upon
the trust company
The Washington times., 1906-02-26
HEALTHY GROWTH OF BANK
LOANS AND DEPOSITS

The compilation of the condition OF the
national banks OF the country on Janu-
airy % by the Comptroller OF the Cur
~ency shows that loans have Increased
81, 500. 666. as compared with the last pre-
vious call on November 9, 1895, and have
increased s342, So 7S. as compared with
the same period a year ago. Deposits
vember 3, 1885, of SOS, S91, 30l. and an in
crease of $40. 920, 537, as compared with a
year ago Cash holdings at the same
time show a decrease of 81, 66S. 364 as COM
pared with the same period last year,
but an increase of S46. 211. 209 as com
pared with the call of November 9, 1906.
The Washington times., 1906-02-26
INCREASED EARNINGS OF
CANADIAN TELEPHONE CO

MONTREAL. Can. Feb. 26.-The Bell
Telephone Company of Canada, the stock
OF which is controlled by the American
Telephone and Telegraph Company,
has issued its annual report for the year
ended December 81. Net profits for the
year showed an Increase of $500. 600 more
than for the previous year. Dividend
paid amounted to $3.50, 900
The corporation has secured authority
from its stockholders to apply to the
Canadian parliament for permission TO
increase its capital stock from $4,000 Goa
10 S5G.Qea.eaa
The Washington times., 1906-02-26
STEEL co.'s EARNINGS
SHOW INCREASING GAINS

NEW YORK, Feb. 26.-Provided that
nothing unforeseen occurs. the net earn
ing5 Of the United States Steel Corpora
ton for the present quarter will aggre-
gate $50 5000, GOO, or possibly more which
viii be nearly 81, 600, coo in excess of the
net earnings of the last quarter Of 1905
The net earnings in January ana the
first two weeks of the present month
averaged several thousand dollars more
than those of the corresponding period
of the quarter referred TO.
The Washington times., 1906-02-26
Thousands of Notices
Unsettle Cotton Prices

NEW YORK, Feb. 26.-The question
of notices was an unsettling factor in
the local cotton market at the start
this morning.
First prices were five points lower to
one point higher. The decline was in
the near months, but it was soon re-
gained after the call. 1t was estimated
that 30 600 notices were put out.
Trade was heavy and following the
call there was some excellent support
from outside sources Opening quotes
February. 1910 bid; March. 10.1SG20;
Nav, 10.40d42; July. 10.59d60; August,
l056057; September
The Washington times., 1906-02-26
CHICAGO GRAIN MARKET.
Feb. 26.-Folowing were
2 limitations ON today's EXCHANGE:
CHAMBER OF COMMERCE
SUED FOR 100000

BOSTON, Feb. 26.-Declaring that
his business has been ruined, his health
injured, and his credit impaired. a
Fred Brown, a grain dealer, who was
suspended a year ago by the chamber
Of commerce for unbusinesslike con-
duct has filed a claim for 800. zoe
damages against tbs chamber.
The Washington times., 1906-02-26
Will Be Offered as Amendment.

The foregoing is the most important
variation from the measure which has
passed the House. II is understood to
represent the views of those Democrats
who favor the most radical treatment
of the rate question. The expectation
is that ii will be offered at the proper
time as an amendment to the Dolliver-
Hepburn bill in one from or another
and will afford an opportunity for the
more radical members of the minority
to place themselves on record for what
they consider to be a more effective
method of treating the question than
The Washington times., 1906-02-26
GOVERNMENT BONDS.
TO MERGC CHICAGO'S
ELEVATED ROADS

4 Chicago dispatch is authority for
the statemnt, that Blair * Co. of
New York, are actively negotiating a
$100. 10000 OO merger of all the elevated
railroad lines in that city. The roads
have a combined capital Of S45. 531 900
and an aggregate bonded indie otcdness
of $35.565, 600, making a total of ssh
10000
The Washington times., 1906-02-26
Senator Elkins Confers
With the President

Senator Elkins of West Virginia paid
his first visit 70 the White House To-
day since the bitter fight in the Senate
Committee on Interstate Commerce over
the rate BILL in which he voted with
Senators Aldrfch. Foraker. and others
against the reporting OF the Hepburn
Deliver bill without amendment
What passed between the President
and Senator Elkins is not known as
the latter declined to discuss the ma
ture Of their interview
The Washington times., 1906-02-26
ALDERMAN'S WIFE OBJECTS
TO ROASTING OF BOODLERS

MILWAUKEE, Wis. Feb. e6.-John
Weiher, fifteen years an alderman. is
hot candidate for reelection. If he
runs again his wife will leave him.
It's a Disgrace she said Think
of the things they say about boodIers
The Washington times., 1906-02-26

nes Money rates cheaper, AIlleIlcs'ii
stocks from Z to Z point below parity
on small trading
Members of the firm OF Kuhn, Loeb q
co have announced their retirement
from all railroad boards on account OF
the demands upon the time OF their
own business.
Banks lost 81 $4,000 to the subtreasury
on Saturday. and s.. $1,000 since Friday
Congestion of the bond market is
given as one of the causes OF the Iach
of spirit in the stock market. II Is
stated that there viii be ample money
to finance them all. Germany Is SAID
10 be a large buyer
American Smelling and Refining Com
Uany declared its regular quarterly dlNl-
dend of IA per cent on its preferred
and common stock, payable APrh :
and Is.
The feature of the early market was
the scant supply of stocks around Ihe
ruling quotations. Buying ORDERS III d
large ma iOritY of the AcllNe issues
could only be executed at advance price
limits.
John W. Gates, who has been at HOT
SPRINGS and other Western points. has
returned He is optimistic on the gem
eral situation He said; Il Travelled
over a great deal Of the wheat belt
when | was away. / can say / never
saw winter wheat conditions 50 Eoou-
It looks as though we were EolhS 70
have another big grain crop TINS year;
with grain prospects so good. anu
industries particularly steel. thriving 'is
they never thrived before, one cannot
helm but feel optimistic. The steel COM
uanies are doing an enormous business,
January was a banner month for the
Republic
York bank has offered sl0ooOo5O to
Chile.
Friends of Consolidated Gas are say
ing that the stock is cheap at present
prices stating that il cost only j.,
cents 10 manufacture and that % cents
Will cover cost of manufacture and as
tribuJiOn-
The southern Warehouse. Storage
COMPANY, with a capital of <O,OOO.tp,
has been formed at Memphis to hold
up the price of Gotten.
Post & Flagg today say:
F-0f two of three weeks past the room
10 work for reaction In the past few
davs il looked as if their efforts IN TINS
direction had, for the time being,
reached their limit, as the market mas
shown considerable stUbbOTnness and
i'm the case OF Union Pacific decided
strength Money continues 10 be the
dominant feature of the situation, ana
it is encouraging 10 note thaI easier easier
conditions in this respect are develop
ing abroad. which would be welcome
OFFSET to our. own scanty surplus bank
reserve. At this season OF the year
conditions are usually. rather dull and
there are many absentees. so we do not
look for much change in the week or
two. but appearances indicate that the
market has settled down Tor the time
being and intends to hold its own pref
~ well.
The Washington times., 1906-02-26

Swift & Company's sales OF fresh beef
In Washington. d. c.. for the week end
Ing Saturday, February "a, averaged
p5.H cents per pound.
The Washington times., 1906-02-26
Substitute Bill introduced.

Senator Culberson Of Texas introduced
a substitute bill similar To the one pre-
scented by him some time ago. for the
regulation OF interstate commerce. He
said in doing so that the action Of the
Senate committee impressed him as
merely transferring the entire Contro-
veTsy from the committee room TO the
Sanate chamher.
The Washington times., 1906-02-26
Tillman Ever Gallant.

This concluded che formal cOnsidera-
ton OF the measure. Senator Tlllman
had perfect command of himself. and
during TIE exchanges OF observations
and suggestions paid his compliments.
with true Southern gallantry, TO the va
ri0us Senators who rose 20 make sug-
gestions. Il was apparent that the South
Carolina Senator had determined that
nothing in his conduct of the proceed
ingS should result either ia injury TO the
measure or reproach 70 himself His at
ttude throughout indicated determi-
nation on his part TO employ his abill-
ties TO the utmost extent in securing
legislation
Senator DoIlsver, who but for the OPP
position Of his Republican colleagues on
the committee. sEoulG-haVe been chosen
in the natural course of events. to pre-
sent the fight and handle the measure
on the floor. vas an interested spec
tatOr and listener. but took no part in
the brief discussion 1t Is understood
that the friends Of the measure viii
recognize his services by selecting him
Ia make The opening speech for the
measure.
Immediately after Mr.. Tulman had
resumed his seat. Senators Aldrich.
Spooner. and Foraker gathered around
him for further discussion. and Senator
Bailey presently Joined the group.
The Washington times., 1906-02-26
IN THE WORLD OF FINANCE
NEW YORK STOCK MARKET.

(Reported by w. B. Hibbs & Co. 1919 F
street. Members New York Stock Exchange,
Chicago Board Of Trade. and Washington
Stock Excbau-el
The Washington times., 1906-02-26
WALL STREET NEWS ITEMS,

London cables report market weak on
renewed fall of Kaffirs and deadlock IN
Morocco conference, causing uhedSi-
mes. Money rates cheaper, American
stocks from 4 to Z point below parity
on small trading
The Washington times., 1906-02-26
NEW YORK COTTON MARKET.

NEW YORK, Feb. 26.-FoIlowing were
the quotations on today's exchange.
The Washington times., 1906-02-26
Railroads Need Protection.

Senator Aldrich proceeded &c say
that these changes in the measure wcIc
necessary 10 protect the rights OF rail-
road property. and assure the consti-
tutionality Of the measure. He save
assurance that the opponents OF the
committee report would neither ask or
seek TO obtain unnecessary delays in
the consideration OF the measure. but
he thought all would agree that ne
closest examination is necessary before
such an important piece of legislation
should mass
The Washington times., 1906-02-26
CContinued dom First Page.l

=
Adams. professor Of economies in the
University of Michigan, chosen by the
advocates Of regulation laws. and JO-
siah p. Newcomb, of Washington,
phases OF railroad questions. Their
synopsis Is supplemented by a collab-
Grafton of a large amount of informa-
ton not included liz the hearings.
Next After Statehood Bill.
Without objection Senator Tllman's
motion for the publication of the re-
port was adopted. and Senator Tillman
then served notice that because Of the
great interest In this Legislation and Its
very large Importance, he should as
soon as the statehood bill had been dis
posed of as the order Of unfinished
business, and probably earlier. if there
should be delay in disposing of the
statehood measure move that the rail-
road bill be taken up and made the con
tinuing order of unfinished business
until it is disposed of.
Senator Aldrich made a brief state
ment on behalf of the Republican ma
jority in the committee. who had op-
posed the motion 10 report the bill
favorably, He said the Republican ma
jority in the committee did not join
the favorable report because the com
lniIlSe Nau feAuStu 70 give any SoItSlH-
Grafton when attention was called 10
the necessity for remedying obvious de-
feCts in the measure. and also because
the members Of the Republican major
ity believed that provision should have
been made for review IN the courts
Of the findings of the Interstate Com
merCe Commission
with these amendments said Sena-
tor Aidrich ''it Is my understanding
that the members OF the Republican
ma jOrity, with the exception of the Sen
ator from Ohio Senator Foraker are
prepared TO report the bill when proper
" amended. The Senator from Ohio,
understand is opposed to all attempts
At Government regulation Of rates
Senator Foraker interrupted TO state
that tn understanding Of Senator Aid
rich concerning his position was en-
tirely correct.
The Washington times., 1906-02-26

Members of the firm OF Kuhn, Loco q
90 have announced their retirement
from all railroad boards on account OF
the demands upon the time OF IheF
own business.
The Washington times., 1906-02-26

The Southern Warehouse Storage
COMPANY. with a capital of $4,000 600,
has been formed at Memphis to hoid
up the price of Gotten.
The Washington times., 1906-02-26

Banks lost 81 .263.e00 to the subtreasury
on Saturday. and s. 49, 600 since Friday
The Washington times., 1906-02-26

ing that the stock is cheap at present
prices. stating that il cost only u
ceuts to manufacture and that 81 cents
viii cover cost Of manufacture and dis
tribuJiOn-
The Washington times., 1906-02-26

Congestion of the bond market Is
given as one of the causes Of the lack
of spirit in the stock market. II Is
stated that there Will be ample money
to finance them all. Germany is said
7u no a large buyer.
The Washington times., 1906-02-26

The feature of the early market was
the scant supply of stocks around the
ruling quotations. Buying orders IN a
large majority of the active issues
could only be executed at advance price
limits.
Canyon City news. (Canyon City, Tex.) 1903-1908, 1906-03-16

"The law plainly says that
all expenses OF the primary
election must be borne by the
candidates for county offices,
and each IN u st pay his
share before his name is
placed upon the b a | ! o t.
The district candidates can be
made to pay something toward
these expenses if the county ex
ecutive committee so orders,
but in no case can they be
called upon to pay more than
one dollar each. If therefore
no county candidates request to
be placed on the primary ticket
there is no source from which to
draw the money with which
to pay the expenses and there
can be no Democratic primary
held. AS a result of that, there
can be no representation of the
Democratic party of the county
in the district and state con-
ventions and no county execu-
tive committee elected. all of
which will leave the Democrats
of the county without voice in
the councils Of their party.