davidaulloa/AmericanStories huggingface dataset:
The sun. [volume] (New York [N.Y.]) 1833-1916, 1906-10-09
ELECTIONS AND MEETINGS.

Norfolk a western Railway COMPANY.
The Annual Meeting Of the Stockholders Of the
Norfolk and Western Railway Company VIII be
he'd at the principal once OF the Company In the
city OF Roanoke, Virginia. on Thursday, the lin
day OF October. 1900, at IL O'Clock noon. TO elect
directors. to elect Independent auditors to audit
the books and accounts OF the Company ~ the
close OF the fiscal year, TO consider the annuai
report Of the directors for the fiscal year when
ended June 30. 1900. to ratify and approve all action
and In the minutes OF the Company. and 70 trans
act such other business as may properly coma
before the meeting.
The meeting mas also been called by the Board
OF Directors as a special meeting OF the stock
holders Of the Company 10 be held at the SAME
time and place TO consider and act upon the Ionow-
INT special subjects VIZ;
70 vote upon a proposal TO increase the capital
stock OF the Company Thirty four Million Dollars.
such increase TO be Common stock, divided into
shares OF the par value OF One Hundred Dollars
each. 80 that the total capital stock OF the Com
Million Dollars, divided into one million shares
Of Common Stock OF the par value. Of One Hundrcd
Dollars each. and two hundred and thirty thousand
shares OF Adjustment Preferred Stock OF the par
value OF One Hundred Dollars each. and
To vote upon a proposal 70 sanction the ;rsS.
ceeding in the aggregate thirty four Million Dol
lars, each OF which bonds shall entite the holder
thereof, at his option during a term OF years 70 %
expressed IN the bond, to convert the same into
Common Stock. such bonds 10 contain Such terms
and provisions and TO be issued from time 70 time
upon such terms as may be author1ed oy INC
Board of Directors.
The stock transfer hooks will be closed at . o'clock
=. NJ. Wednesday. September Gosh, 1905, and re-
opened at 10 O'Clock A. NJ, Friday. october I'm.
1900.
BY order OF the Board Of Directors.
III SGHFAfnEV
The sun. [volume] (New York [N.Y.]) 1833-1916, 1906-10-09
AFTER GELATINE STOCKHOLDERS
The Receiver Charges the Company with
Fraudulent OycrcapItalization.

Suit was brought before V~ice-Chancellor
Bergen in the Chancery Chambers, at
Newark, yesterday, by A. Van Doren Honey
moon, receiver for the Jersey Gelatine Works,
in which he asked that the stockholders
be made to put up enough money to pay on
the creditors. The bill charges the COM
pany with fraudulent overoapitalization.
According to the bill Of complaint the
Jersey Gelatine Works was organized in
1902, with a capital stock OF 81 ,I25, 600, to
take over the plant and pushes Of the
Somerset Chemical Company at Bound
Brook. Thu property and business OF
the d wers acquired through David
Wallace, TO whom we're given stock Of the
Jersey Gelatine Works OF the par value of
81, 900, 900 and a bono and mortgage on
the plant to secure a payment OF tl2S,OO
in cash.
The bill charges that all the stock certifi-
Gates given 10 Wallace were surrendered
and cancelled and that other certificates
were issued in their stead to stockholders
and directors in the jersey Gelatine Works,
with the exception Of 1850 shares OF pre-
ferred and 5000 shares OF common stock,
which Wallace retained for the time being,
but subsequently, transferred to the stock
holders and directors within the ensuing
two weeks.
The complainant, on behalf OF the credi-
tors, sets up that all the stockholders named
in the bill were acquainted with the nature
Of the transaction in which the issue OF
stock was made; that the stock was issued
upon a gross generalization of the property
purchased, and that the issue OF the stock
was made, not for the purchase OF the
property. but 10 create a fictitious issue
of the stock for the benefit Of the stock
holders and in fraud Of creditors and OF
subsequent purchasers OF the stock"
The sun. [volume] (New York [N.Y.]) 1833-1916, 1906-10-09
PEABODY MIST EXPLAIN.
Kentucky Insurance commissions Takes
Up the HIndma Case.

The Kentucky Depa tment OF Insur-
ance wants to know why Col. Hindman,
one of the general agents Of the Mutual
Life Insurance Company in that State.
was summarily removed from his place
by the management OF the main office
here. A few DAYS ago Henry r.. Prewitt,
head Of the tate Department Of Insurance
in Kentucky served notice on Charles
A. Peabody, president Of the Mutual Life,
that IL the incident could not be explained
satisfactorily the license OF the compa ny
to do business in tina State would be re-
voked Yesterday MIR. Peabody sent the
following telegram:
Your telegram OF the 5th I have received
This morning. Important business detains
me here this v eek. but shall be lad 10 appear
before YOU on October -, Attitude Of the
company is obviously misunderstood ana l
am glad of the opportunity to make the COW
pany's post ION plain to ell interested WI
the above dat be convenient for YOU
Charges were made to Commissioner
Prewitt that Col. Hindman. who lives in
Louisville, had been dismissed from the
service Of the company merely because
he was a candidate for trustee on the Oppo-
sition ticket % the administration.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1906-10-09
court Calendars This Day.

81, ss $. q, 81 S2 S. IS. y sSS \: q, I y: II 4. y :" d
SaDrem: c}ar, -SS T!c,,i TT, Term np, ReG i Motion
caieaiSr csllei at 1887 A. y: Part II -EX parte
matters; Part ~ Clear. Motions, DemurreEs.
ss; i go, rs &,J Ia7'' G ls.s, Pr ssisndar caS;ss -S iSs.
t ~: 81. az. s sssS, t sss. SCI :sst, a. "a, az S5ss. 81:
roam roam i Psit t ff' 'i fsi, N H:-c es!' u MimS1sar .S Gases
from Part iii Part VI adjourned for ne term
Trial Term Pert g,1ci ga. 81, I1Qs ssss Nc Ma ssSd
s sSssi s Ssr' isss. Part Iif- Gas So GinaSisasd, NSESII.
Part W.|Idiourned until Monday. Oct, Is. 1908.
Par, ya.dAdlSgr.eEa DI for P sSs I vI1 pi Ps' Wy " C ES1r
.2s. ~. ss, az, sio. 2J, 500. i:i, iIS, rs. ISIS. 100.
e Par. y Snnnl MsalouE csse. 'G from me p. 1stm 4. f Fart ( I
SIS 2is. ila, Ms. as 5ij'. 81. "a. IO7. I45. ~, az,
49, If. u.s. Is. 81 81. ' 9Sii. 49, fs.. So 49, d a. ,S g. So e. sp e. P ar
M'-Case UNFINISHED. Cases from Part x. Part
XH .-AdiOurncd for the term. Part AIIl.-Casc
un sT4sasSi.. Ce Gcsr ron o9 r mBe2 :, Motion calendar
Rsnner, Hsrmarn .Oclri;hs. Eliza A. boyle. Maria
H tsoS eH1n Phiip r. v sIiniereE rin s'P FRANKFORT. Ann r
Dwyer. Albert J. Adams. Al 1880 \. NJ; WilbE l..
NoiyneauV. Valentine Brltz. Michael J Doyle.
Charles kllnS, George n; L0rky'o9d a. '9 P n
case on. No day calendar.
City Coud-Spcclal Term. Court opens at 10
sSii n az, M Si,' si7a T 80. a ast% sa Mpf Ifis. lo SEA- soS, Us Us.
81. SSs. a4o, esI, iOla. DIS. e4a, $3.50. IleS. Part u
Clcar. 1894. lIS. lies, loaI, 7e9. IIsl. Part
ia II las, iGsS' ISL iva jtss. PAR ~ T'-cs:c
sEs. I4sl. ssio, so, 90, ssss, So, Hsi... ~! s:ge.
ln1 81 "a 'i ssG.' ''s ssS S'' si- az aOs sI's' n as'' PsTs 1 va
Ciear. liza. 1874. le38. t.N i.u l2j9
The sun. [volume] (New York [N.Y.]) 1833-1916, 1906-10-09
1a1 90 CENT Gas WRIrs DENIED:
Justice RlschaN- Moods mat PeFenpteFy
Ma1dAmuye Can't Ne Granted.

Justice BlschaN Hoods mat P~eEsmPteFy
MaldAmu Ses Can't Ne Granted.
Justice BischoH Of the Supreme Court
showed by q deciaion he handed down
yesterday that he does not think gas con-
sumers entitled to psremptory wrtts OF
mandamUs compelling the Consolidated Gas
Company to supply them with gas II they
offer to pay 80 cents q thousand feet. By
this decision Justice Bischon also shows
that he differs considerably from the
opinions hitherto expressed by his associ-
atee on the bench, who have granted many
such mAndamusos.
Justice BisohofI's decision knocks out l27
applications which were made N a bunch,
a. the Appellate Division In July ruled that
the so cent rate should hold, even though
the Ras IL applying to the Federal
courts for a review OF the rate fixing Law.
Justice Bischoh says in his decision:
The respondent has presented facts which
would, II true. support the con lusion that
the statute In question IN moon stitutlonal'
The petition er insists upon his riRht 10 a
writ, and this req uires the court
to assume the truth OF the facts stated by
the respondent for the purposes Of the present
case. These facts. taken as true. certainly
tend to support the defence that the statute
ls uncons titutional.
II the party affected may not nave q Judiclat
determin alton Of the question OF cOnstttu-
ton atty In an action in which the statute
is soug nj to be enforced against him he
would be without any remedy whatever.
The issue OF constitution depending
upon the reason blen ess OF statutory rates
fixed by the Leg ~islaturs, and as applied to
public service corporations or a busin ess
affected with a public interest. Is one which
may he raised by the party whose property
rig ts are involved, and y cannot be said in
answer that the Leg isisture by an examina-
ton into the subject Of reason ablen ess has
decided the question in such wise that the
subject may new er be judicially examined.
The statute before me 10 obv Iously not q
regulation Of matt ers falling within the police
power, and l must con clude that the q question
Of the reason ablen ess Of the rate ffxed for g as
supplied by the respondent is one open to
determin alton as q fact In this proceeding
In this view, the motion for a peremptory
writ OF mandamus must be denied, because
an issue Of fact is raised which cannot be re-
solv ed other wise than upon a trial after the
issuan ce Of an alternative writ.
As there was no application for such an
alternative writ, but an insistence on the
peremptory mandamus, Justice bischoh
denies the application under consideration,
and the same ruling applies to the l2o
other cases.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1906-10-09
COPPER, TIN AND LEAD.
Increasing European Demand for Copper
Best Selected Copper Firm az Goo los.

Yesterday was q remarkably active day in
European copper markets. Best selected
was advanced to clO0 1Os. and n further
advance ia predicted. Standard warrants
closed at eco %. Cd. for spot, and COS liza, Cd.
for futures. The sales OF standards on the
LONDON Metal Exchange Amounted to $780,
OOO lbs, which Is record high since the Sccretan
. corner, when the high level quotation OF
HIO5 ruled for one day. In the local market
OF Yesterday a great deal OF foreign bushes
was IN erinR for shipments as far ahead as
February. One sale Of e'ectrolYtic Was
effected for shipment to England in Deem
Der at 22c. net New York. A small sale Of
electrolytIc for November. 500. 900 lbs. was
made TO a birmingham. England. interest
at 22l,c. A sale Of Gc.OJD lbs. Of lake tn a
New England consumer, November delivery
was recorded nt 20. For large tOnna ges
producers are quoting lake and electrolytic
for January and February at 2IiIGa.c. CAST
ing copper. prime brands, thirty days.
2lL0ITc.
Among the larger consumers n copper
epresen ed in the local market the belief
IL general that the price Of elect rolytic will
be Mt least - to 22l5c. for April. The rumor
that several large orders for electrical ar
paratIIs have been cancelled by reason Of
the high price OF copper cannot be traced
to any important corporation in the electric
cal fields. Dusines in the electrical on 0inc~r-
ing lines is at record high figures and the
advance Of copper within a year has had no
effect Whatever in retarding the develop
ment Of electrical lighting and power in
stallations nor the expansion Of the telephone
and tele Rraph industries. Cable makers
and wire drawers say that demands are so
large that the advancs of n few cents n pound
in copper within a wear is accounted a small
AMIR by the large buyers Of wire and cables.
Pig tin il in good demand Al asa Islic.
spot. The London market closed at CLEO
for spot. and CiOi 10 =. for three months.
Pix lead Il In liberal demand nc 5Bs@
OO3 sDot View York.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1906-10-09
WHY GENERAL ELECTRTC JUMPED
Rights on New stock Are EstimAtsd &C
NIA q snare.

ga q snare.
The directors OF the General Electric
Company will meet In q few days, issue the
more than IS ,OOO, 900 stock In the oompany's
treasury and make provision for IN addi-
tional stock issue. The matter has been
under discussion among them for some
time and In all probability tho amount Of
stock to be issued, including that now In
the treasury, will be very close 70 81 600 900.
or 20 per cent. OF the outstanding c~apitaliza-
ton Of SSI 900 900.
The new capital stock will be more than
set of In value by improvements that have
been in progress for the last eighteen
months and which have increased the ca
pacity Of the oompany's plants by about
20 per cent. The improvements were
necessitated by an increase Of business
entirely unprecedented in the history Of
the company, and since IL appears certain
that the increase is to continue for some
time the directors are anxious TO prepare
the company for the strain upon its ca
pacity. =.
at 1856, around which point 1t had hung
for a long time. From that point it has
since advanced to 1881, the high point
reached yesterday. Yesterdays. closing
price was 1872, a net gain OF TX points
Tor the day.
The rapid advance in the stock gave rise
10 any number OF reports yesterday Of the
acquisition Of new properties. and there
was even q revival Of the old story OF a
merger with the Westinghouse com-
panies. 1t was stated very positively by q
prominent official OF the company that
there was not the slightest foundation for
esther report. Neither is there founda-
ton for a report Of an increase In the divi-
lend rate. The only extraordinary. bene-
fit contemplated for stockholders In the
immediate future consists Of rights on
the new stock which will be issued to stock
holders at par. Unless there is a change
in the plans Of the directors the rights
will be worth about Sl4 a share.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1906-10-09
Wy. CITY RAILWAY EARNINGS.
An Increase OF Nearly 5OO.OOO-Year
stIII shows q Deficit.

stiII shows q Deficit.
Gross earnings of the New York City
Railway Company, lessee Of the Metro
poitan system, for the year ended June 80
we're t2l ,s37 ,944, an increase OF 81 Loaf, $40.
Operating expenses were 81, 1924, 7sS, an
Increase Of 1858, 9S9, and net earnings Of
pSlS,io1 an increase of 9o96, 46l. The
charges, as usual, overbalanced the earn
ings. They amounted to 81 $50 ,903, so
tha; the statement for the year shows a
deficit Of s., 2l2, 997. In the previous year
lie deficit was $3.50 ,o46 greater.
The special franchise tax is not included
in the charges. The amount OF this tax
for the fiscal year is approximately s537 900.
Proceedings are pending which, the re-
port says, are expected to result in a sub
Eantial reduction in this amount. The
csfcit will he further increased by the
mount of the special franchise tax when
rs ascertained by the courts.
The report covers the first full yea OF
Ompetition with the subway, and President
Vreeland notes that the increase of s per
cent. IN the gross earnings realizes the
expected recovery and adjustment OF the
surface railroad traffic under new o n
dtons, indicating that the increase in the
sort haul business is rapidly overcoming
NE loss Of long haul traffic that has gone
10 the subway"
The fixed charges for the year included
me increase in the annual rental payable
Under the lease Of the Third Avenue line
Ench for four years, from April IS, 1908.
at the rate Of 0 per cent, as against
PER cent, for the preceding two years. A
ayng IN fixed char ges was, however, ef-
ieced by r~efunding the bonds OF various
mail subsidiaries. The report adds:
The equipment of the company during
ne year was increased by the purchase OF
twenty-five long open and twenty-five semi
convertible cars, which cars are now in
o~peration. Tn addition twenty-five large
cose cars are now being built for delivery
sry in the fall. Applications have been
made and are now pending for about fifteen
niles ri double track exten sions in the
Nrolgh Of The Bronx and its outlying dis
met, which exten sions II granted will
Gevelop new territory and meet the locaI
esnand for additional transportation IA
Il clties.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1906-10-09
By order OF the Board Of Directors.
r. n. ALDEN, Secretary.
e, 1. DU FONT DE NEMOrRs POWDER

\ Special Meeting OF the Stockholders OF Z. l. DU
POINT DU NEMOCRS POWDER will he
held on the Fifth day OF November. 1905. at eleven
O'Clock IN the forenoon at The principal Office OF the
Company, No. 81 Newark Street Hoboken. New
Jersey, for the purpose OF voting on a proposed
amendment Of the Certificate OF Incorporation Of
the Company Increasing the amount oflts authorized
common stock from Twenty -nvc Million Dollars to
Thirty Million Dollars. and 10 ratlfy and connrm
a resolution of the board OF Directors Of said Com
pany offering for sale at par certain common stock
Of the Company, already provided for In said Ger:
tincate OF Incorporation, and giving the privilege OF
subscribing therefor to the Common stockholders Of
the Company, In accordance with their holdings on
the COmpany's books on October 18th. 1908. At thrco
O'Clock p. NJ. and for the transaction Of such other
business as NAV properly come before said Meeting.
Dated. Wilmington. Delaware. October sth. 1897
ALENIS l. DE POINT, SECRETARY.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1906-10-09
MISCELLANEOUS MARKETS.
COnee Firmer but quiet Provisions Higher
With Lard the Feature.

As to coffee futures. although the cables
were lower and the trading here not very
brisk and prices gave way slightly for a time,
they rallied later. There was no great specu-
lative pressure to sell. despite the cables;
the large Brazilian receipts and the actual
coffee seem to stand in the way Of a bull
market. particularly as the outside public,
after being repeatedly bitten by coffee.
seems disposed TO let it alone. Havre de-
clined !. to ~. and Hamburg vas unchanged
to = pfennig lower.
Coffee on the spot was steady. Rio No. 7. sc.
Rio market was steady. No. 7. 1875 lower.
Exchang &c rate p IGd. of at Is I3-lGd, Receipts.
~, O0O ba az. shipments from Unite States,
100 ba ~. Santos was quiet and steady.
ReceiptS. "a. 900 baRs: stock, l,0j0.O OO bags.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1906-10-09
IL. Hill hack in Town.

James J.. H i'll, president Of the Great
Northern, returned from Chicago yester-
day. The meeting Of he Great Northern
stockholders 10 he held this week. he said,
would have rothing to do with the distri-
button TO stockholders Of the proceeds TO
be derived from the ore deal. He confirmed
a report from Chicago quoting him . y
ing that the proceeds would 60 = q It
Northern stockholders and adde tina 10
had charge Of the matter.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1906-10-09
POLITICAL.
APPEAL
TO ALL CITIZENS.
H~eadguarters Republican state Committee,
No. ~ East 10th street.
New York CITY.

The Republican Party asks the support Of all
citizens. The necessary sad legitimate eRp-nSc-
OF the campaign will bc heavy. No contributions
from corporations Will be accepted. nor Will ans
contribution he received with any understanding
expressed or implied. that any contributor or
special interest viii be- favored or protected. SUI.
scriptIons. large or small, VII he welcome from
MI. irrespective Of party, who desire 10 promote
the election Of candidates pledged TO honest al
mlnlstTation on behalf Of El the people ~ the
state, such contributions should be sent TO George
u. sheldon. Treasurer Of the Republican STATE
Committee. No. - Fast sOth street. the Head
quarters OF the Committee.
TIMOTHY g.. WOODRUFF. Chairman
REPUBLICAN state
The sun. [volume] (New York [N.Y.]) 1833-1916, 1906-10-09
No NEW ST. PAUL STOCK Just YET.
Authority to issue S5S.8OO.O More
Looks TO N Future.

The report that the stockholders OF the
Chicago, Milwaukee and st. Paul at their
recent meeting in Milwaukee authorized
the direct ors to issue sT5,O 200, 900 ley pre-
fcrred and SIS, 900 600 new common stock
was confirmed yesterday. The increase
was aut horned in order that the directors
might be in a position to make ample pro-
vision for the requirements OF the company
for many years TO come. At present the
directo orr have no intention Of issuing any
part Of the new stock.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1906-10-09
ILLINOIS CENTRAL REPORT.
= Decrease In Passenger Earnings Equip.
ment Expenditures.

'Ihe annual report OF the Illinois Central
'T the year ended June 30 sh a de-
uease Of t725 ,7s4 in passenger earnings
wv Increases in earnings from every other
source. Gross earnings were t5l $50, 4OS,
=, "a increase Of S2l27, 755. Expenses were
MO2,tI7, an increase OF 81 ,21S ,219, and
~ Nv earnlngs ST., 333, g2s, an increase OF
~sSS5. The total income from all sources
'S t20,590,9i7. an increase OF 81 ,40S ,0lS.
,hed charges were S678 OF greater than
me preceding year. and there was used
n. l. OF earnings 50, 10000 more than in
- previous year for improvements and
c~IIprovement fund. The surplus at the
80 80 OF the year was St4 800, making the
~" "a surplus 81 ,3l3,s27.
ane report says that in the last thirteen
ms NO,425, 8l7 has been expended in
on etlting new engines and cars for old
H. VI this sum there was derived from
"a, sale ~ old equipment ~ .152, s1T. The
\ nslnder, t9.272, SCI, has been included
trorrsA Penses Of operation and betrayed
III income. The amount so tlken from
n u income leone Of the year under report was
The sun. [volume] (New York [N.Y.]) 1833-1916, 1906-10-09
Ask "a See Gas ComUnny,s Books.

Senator Page and Assistant Corporation
Counsel Burr appeared before Judge La
combe in the United States Circuit Court
yesterday and asked for an order per-
hitting them to inspect the books and
plants Of the Consolidated Gas Company
during the next thirty days. Judge La
combe reserved decision, after John A.
Carver argued against the motion on behalf
Of the company. The books were TO be
examined for the city IN state In the
hearing az to the constitutionality of the
10 cent law.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1906-10-09
IN lncsH TrOn'Lles.

4 creditors petit ion in bankruptcy has
been filed against the Blanchitc COMPANY.
manufacture OF pants. at I&D Charles street.
Louis Feierstein, wholesale dealer In
wOollens, at ~ EldridGe street, has MED a
petition In bankruptcy. with liabilities 81 $50
ard nominal aasets Sl,slI.
Judge Rough IN the Cnited States. Dis
trict Tonrt has granted a discharge M hank
rupt1y 10 iodowick Holmes yone~. lawyer.
n william street. formerly Of Buffalo; liabL-
ties, SOS ,O01.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1906-10-09
chicago 10 Have a subway system.

CHICAGO, Oct. s.-Chicago is to ave a
subway system. II was learned that the
Chicago Union Traction and the Chicago
City Railway companies rave agreed to
do away with downtown surface lines. The
init ial cost to Be paid by the companies
IL approximately 5000, 900, the Union
Traction Company paying 5000 900, the
CITY Railway Company g. OO, 600.
The route Of the tunnel has not been
fixed but will be decided by the engineers
and representatives Of the City.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1906-10-09
Another syndicate Looking over John
r.. Walsh'S Railroads.

CHICAGO, Oct. s.-A syndicate composed
principally Of Boston interests, but with
some local representa- on, has been formed
to buy the Walsh railroads, providing a deal
can be made with the Clearing House COM
mtttee.
Represent atives OF this syndicate have
been exam n ing the propert es for several
weeks and they expect TO file a report with
the syndicate his week.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1906-10-09
ri N4NCIAL NOTES.

Kuhn. Loeb = Co. yea terday enga ged
II ESQ. OO0 gold in London and there was an
sIga cement of $500 .OOO by the National city
Blnk.
A.. carton Hepburn. president OF the chase
National Balk has been elected a director
OF Scarf. ROcb Ick 4 "a. OF Chicago.