The Springdale news., 1906-01-12

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 Pennsylvania rail August Belmont road and there will not be competition for the new subWays authorized
 The new holding company k To have capitalization of over S200000 ooe fn order 10 acquire the stocks of the h. terboroHeh and the Metropolitan lines II will be divided into trust bonds. common and preferred stocks \ synz dicate ts 10 be formed which will III derwrite the entire issue The all nouncemeut made by Messrs Ryan and Belmont expresses the belief that the plan will benefit the stockholders and will be advantageous te the city md the public
 Record Year In Commerce.
 Preliminary figures of the Import and export trade of the United States for tAe last calendar ye8r indicate a larger total than any year on record The ex ports are certain te exceed S1,G00. .ooo, eoo and the imports to exceed S12oo 8HtoUUO
 s4o.ooo For New earnation.
 All records for high priced carnations were broken at Cincinnati. O. when Richard Nitterstaeter sold his carna- tioH seeding he@.tristocrate for S4o =ae1 The purchaser k the Chicago car nation association of Joliet H. which lakes the entire set=of plants. 45,oao n aa The sAristnerat" k a.cross he tween the@fom Lawson and the In HInrer II k a deep pink in color
 Boston Sells Bonds Direct.
 city Treasurer Groeker as Boston has carried out his plan of offering munich pal bonds for safe directly 10 the peo- pie The total issue was &2 4lo.Uun of 3i9 per cents running from twenty 10 thirty years. citizens came in prompt Y and bought lots varying from Stoe8 to S250 eo0 until aH were seid
 Lobbyist HamtEton's Statement.
 \ bong written statement h the Arm- strong insurance committee 6r Judge Andy Hamilton respecting the large sums of money which he has handled 1T Albany for the New York Life aud other big insurance companies Wis brought lasf week from AIr Ham lllons retiring place in Europe by John = Mccall, son If President Mccall If the New York Life Ii consists largely of review of the reasons why such large expenditures had been necessary, He admits that il has been necessary to make payments 10 others than iaw- Yers, but he does not give their names, and this Is taken to be the virtual ad- mission that the money has been given to lawmakers or their agents Mir. Hamilton sent word that he was In such poor health that he could not pos stbly come home at this time to give orai testimony He admitted there was an open account between him and the New York Life and he offered 10 deposit S1oo00o pending settlement
 Superintendent Hendricks of the New York state insurance department admitted that he had followed the usual practice of the department by mere ly looking tD see If the books and state ments of the insurance companies tai- lied He did not try to inquire into the matter of cXtrayaganee or eeo- homie management, but merely aS to the matter Of solvency
 Louis r Pawn. the former superin- tendent of life insurance of New York, told the committee that he knew noth- ing of insurance or of the duties of his office. having left all examinations to the chief examiner When asked by Mir. Hughes why the Mutual had re quested an examination Mr. Payn said Well. all these great corporations are afraid not only of strike Legislation, but they are afraid of some of these insur- anee departments-afr that they will come here to strike them, Then there are also agents and actuaries who strike them. and the insurance com panies are towards"
 Porto Rican Freight War.
 The Peck Steamship company is com peting with the New York and Porto Rico company for trade with Porto Rico and already the freight rates have been cut 25 per cent. The island has had an extra good sugar crop. amount ing to 100000 tons
 st5o.oooooo For American Telephone
 The issuance of convertible bonds 10 the amount of $150O0O. .oo0 was author ized by the stockholders of the Ameri- can Telephone and Telegraph company Gall Money at 90 Per Cent.
 In anticipation Of the payment of