davidaulloa/AmericanStories huggingface dataset:
The sun. [volume] (New York [N.Y.]) 1833-1916, 1906-03-29
i~NTI.MERGER BILL DEAD.
The Vote on F1naI Passage in the Assembly
Was "a For and Of Against II.

ALBANY, March 2s.-The Shanahan So
called anti-merger bill is dead. While
1t was not killed in a decisive name to-
day by the Assembly, the bill cannot pass
the lower house. When it was placed on
the order of final passage sixty-tive MEM
bers voted against the bill, while sixty
four were recorded in its favor. Assembly
mar Shanahan made the usual motions,
but there is no hope Of there being differ
ent results should the bill be called up
again.
The action to-day indicated that there
had been a reversal Of feeling on the part
of the Assembly leaders toward this bill.
When it was considered on the order Of
second reading the majority of the Repub-
lioan members, and particularly the leaders,
we're in favor of the bill. To-day they
we're united in opposition.
Assemblyman Agnew, who, when the
bill was cons idered on the order of second
reading, moved that unanimous consent
be given for the bill TO be passed at that
time, voted against the bill to-day, as did
Assemblymen Stanley, Wells and Young
(Reps.. y. W. All Of the other New York
city A~ssemblymen, with the exception of
Assemblyman Prentice, who was absent
attending to insurance matters, voted for
the bill.
An amusing incident occurred during
the debate on the bill. Assemblyman
Campbell, leader of the Hearst Assembly
men, who on second reading alta cked
the bill and said the Municipal Ownership
party was opposed TO it, because the bill
struck at Mr.. Campbells stock in the ship
trust, to-day announced that he had learned
that the bill did not affect his stock and he
therefore was for the bill, because it was
aimed at Thomas F. Ryan and August
Having learned that my interests are
safe l can support this bill, /" he said.
The Republican opposition to the bill
was that il did not affect the merger, it
being aimed TO prohibit holding companies.
1t was declared that such a bill was too
drastic and was only intended as a play
to the ga lleries.
Assemblyman Oliver was the only Demo-
crat to vote against the bill Twenty
five Republicans, however, voted in favor
OF it, the Brooklyn delegation being solidly
for it, the Municipal Ownership MEM
bers also supporting il.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1906-03-29
HEARST RECOUNT BILL.
1t Is Advanced TO Third Reading In the
Assembly without Opposition.

Albany, March 2s.-Whether there will
be any opposition to the Murphy bill pro-
viding for a recount OF the ballots cast in the
New York city Mayoralty election Of last
fall when it comes up for final passage in
the Assembly is not known as yet. To-day
when the bin was reported on the order Of
second reading in the Assembly it was ad-
vanced to third reading without comment,
other than that the right to discuss it on
third reading would be reserved.
The Republicans are most anxious to
have the bill passed, for they make no
secret of the fact that they fear Hearst's
influence in the coming gubernatorial cam
paign if he continues to pose as a martyr.
They want him eitlier seated as Mayor of
New York city or shown to have no foun-
dalton for his cry of being counted out of
the election.
Tomorrow Assemblyman Grattan's reso-
luton providing for the reopening of a
ballot box in the Ninth Kings district in
connection with the Assembly contest from
that district is to be brought up in the
Assembly.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1906-03-29
$1,000 VERDICT FROM ". Y. LIFE.
Man Who Tried "Non.Asency" Plan and
Was Discharged Gets Damages.

White PLAINS, N. Y, March %. = 4 West
chester county jury in the Supreme Court
to-day awarded a verdict for s 1000 to Rich
ard Wightman OF Mou mt Vernon against
the New York Life Insurance Company for
commissions which he alleges are due from
the company for breaking a contract. Mr..
Wightman sued for 100000 damages. He
set forth in his complaint that he had de-
vised a plan to get a large amount OF in
surance business by means of certain ad-
v~ertisements published in magazines, and
he entered into n contract wit h the COM
pany for one year. The corporation agreed
to paw a certain commission to him for
securing the renewal Of policies and for
obtaining new policies. He was also to be
paid for expenses not to exceed $1,000 a
month in connection with his work.
His plan was 80 successful that the agents
of the company all over the country made
complaints because he was taking business
away from them and he was discharged
after being in the employment Of the COM
Iany for four months. MIR. Wightman
said to-day tina the verdict Of the jury sim
ply s~ustains his contention of the mon
agency" plan, and he considers It a victory
in that line, but he is dissatisfied with the
verdict. He thinks he should nave been
awarded a larger moun An appeal will
he taken from the verdict.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1906-03-29
THE CORRUPT PRACTICES hill.
Objections to the Provisions which Limits
the Necessity Of Publicity.

ALBANY, March 2s.-William Church Os-
horn, secretaryhf the Association to Prevent
Corrupt Practices at Elections, conferred
to-day with Chairman Cox and Senator
Bracket relative to the substitute publicity
bill reported from the Assembly Judiciary
Committee.
Mr.. Osborn, on behalf Of his association,
objects to the provision of the bill which
valves the necessity Of publicity where the
aggregate amount does not exceed $500,
or as TO Individual expenditures or dis
bursements which do not exceed $40. The
opinion was expressed to the legislators
yesterday that these limitations Of the bill
would leave a wide open door for evasion
and subterfuge and end to make a farce
of the entire enactment.
A hea ring was scheduled on the ballot
reform bills before the Senate Judiciary
Committee, but the hearing WA postponed
until next Tuesday.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1906-03-29
HELPERS or BLIND TO MEET.
Mark Twain and Joseph II. Choate 10 Speak
at state Conf crrnce Tonight.

Mark Twain will preside at the FIRST public
meeting of the New York STATE Associa-
ton for Promoting the Interests of the Blind
which will he held in tho ballroom Of
Waldorf Astoria this evening. The Rev.
DR.. Lyman Abbott, the president of the
association, il ont Of the CITY, and Mr..
Clemens is a vice -Dres.dHnt.
Besides Mr., Clemen' the principal speak
ers will be the Hon Joseph n. Choate and
c. +. +. Campbell OF Boston. Mr.. Campbell
will illust rate his address on han dicrafts
for the blind with moving pictures showing
blind men, women and children at work and
at play.
Miss Helen Keller. who Is a vice-president
Of the association, planned to mako an ad-
dress, but on account OF the attack Of nerv-
Gus prostration from which she II sufl ering
her physician has forbidden her TO Coma,
The sun. [volume] (New York [N.Y.]) 1833-1916, 1906-03-29

wAsHISdToN FORECAST FoH TO 'pAr AND TO MORROW
For eastern Ncr YORK.. eastern Pennsvlran'G
Mr. Jersey aud neiqrorc. fdir TO d7v' Increasing
G,udincys I, morror and probably rain In hc afe'
nam or n night: IiOh' rdrablc Ttnds. brcomtno north
Uc, and FRESH.
For tho District Of Columbia and Maryland
cloudy to day. with rain In the afternoon or AT night
partly cloudy to morrow; fresh northeast winds,
For western New York. fair today and to NOR
row.
For New England. fair 10 day; partly cloudy to-
morrow; light variable winds. becoming north
cast.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1906-03-29
Gov. Higgins 10 Attend InvincIbie Clubs
Dinner I'm BROOKLYN.

ALBANY, March 2s.-Gov, Higgins has
accepted an invitation to attend a dinner to
be given by the Invincible Club of Brook
iyn on April 7. Among the guests will be
former Governor Odell former Lieutenant
Governor Woodruff, Lieut. Gov. Bruce,
Acknowledgement Meyer, County Chair
man Herbert Parsons of New York city,
State Forest COMMISSIONS James S. Whip
pie, Senators Raines, Malby, Page and
SAKE and Speaker Wadsworth.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1906-03-29
mus Passed In the Asscmbly.

ALBANY. March 2s.-The Assembly has
passed Assemblym1n Miller's bill, pro-
hibiting the Long Island Railroad from
h arging moro than 2 cents a mile fare. and
Assemblyman krilewitch's bill, ccm-
polling all street, elevated and underground
railroads in New York city to sell six tickets
for IS cents.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1906-03-29

ALBANY. March "a. The State Fores,
Purchasing Board to-day bought a number
Of lots of land in the State park in the Cats
kills which had been offered by the former
owners at prices ranging from 81 to $3.50
per acre. There was only one large tract
and that comprised over one thousand
acres. The land purchased lies In Greene,
Ulster and Delaware counties.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1906-03-29
Local Option Bill Killed in Committee

ALB my, March ?S.-The Tully VAIN
wright local option bill for cities was killed
in the Assembly Excise Committee to-day.
By a vote Of 8 to 5 the committee refused TO
report the bin ~favorably>
The sun. [volume] (New York [N.Y.]) 1833-1916, 1906-03-29
Mortgage Insurance.

Many things can happen to a
mortgage even on New York City
real estate. The interest nay be
defaulted; the property may depre-
ciate; the original appraisal may be
erroneous there may be a haw in
the tile; taxes and assessments NAV
not be paid; it may have to be fore
closed.
Yet if the mortgage is guaranteed
you are insured against loss from M
cause. You receive your interest
and principal just the m
No Investor has everl lost a dollar.
BgEONputAtEG GUARANTEE
Capital & Surplus, $5,ooo,o 600.
146 Broadway. New York.
IFS Remsen st.. Brooklyn.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1906-11-25

low figure because its sulphur destroys
ordinary boilers. This coal can readily
be burned under boilers of special con-
stTuetiOn and produces power at d cost
away below that of power derived from
the ordinary steam locomotive. Power
derived from coal through direct burn
ing under locomotive boiler compares
with power produced from a central sta
ton and through electric motors as three
is to eight, and in favor of electricity
When II comes TO safety, electric power
is so superior to steam that there is
hardly any comparison at all The dam
ger from fire is Insignificant. the danger
from explosion eliminated and the danger
from breakdowns due to disqualification
practically done away with. 1t is well
known that a constant humping on any
kind of metal tends 10 make it crystal
line. with. danger from cracking ever
present. Everybody knows how a steam
locomotive jolts and thumps, and it at
once becomes evident why many railroad
accidents occur on steam lines. On cleo
tric lines, the motor being rotary and
working without any humping what
ever, it can be clearly seen how electric
transportation increases the safety of
every passenger, even when going at-the
highest speed.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1906-11-25

long. This would enable the road to pay
dividends of about 135 per cent ON the
money invested. These figures are start
ling of course, but are based on facts
and on what has been done by other cleo
trio roads
1t is matter of statistics that the op-
Grating expenses of the Aurora road were
only SO per cent of the gross receipts.
The moment such a showing is actually
made. the price of the stock will 20 up
by leaps and bounds, the second section
will be built in record-breaking time with
the ample funds that the stock sales
have brought. and theseompletiOn Gf the
line from Chicago to New York will fol-
low rapidly. The stock of this company
Will begin to pay dividends as soon as
the first 100-miie section is completed,
and as we have shown at the present
price of the shares these dividends should
be about il per cent on the money III
vested. The new electric road will in its
$50 mile route. cross eighty-five steam
railroads, most of them running dag
onally from north to south. Every enc
of these will act as a feeder to the
electric line, because shippers will he too
much alive to their commercial inter-
eSts to overlook its advantages. The To-
cal passenger traffic that will come as
fast as these feeder lines are cross I'd
will bring in immediate revenue that will
assure dividend payments long before the
line is completed to New York, while ul-
timately the freight receipts from this
tributary tonnage will be enormous.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1906-11-25
New Electric Line Offers the Small
investor an Unusual Opportunity

In projecting this road with the idea
that it should be built mainly by the saw
ings of small investors-by the people
every safeguard for their money has been
considered and adopted All the loop
holes that have made former railroad in
vestments risky except for people of I'M
usual judgment have been done away
with. and the whole proposition so simpli-
fled that anybody can see at once that it
is the soundest. safest and most promising
investment that has ever been offered
to the public. We have already shown
why it is wiser to have the people own
the road; we will now show exactly why
there is not the slightest element of risk
in buying the shares of Chicago-New
York Electric Air Line Railroad. either for
wealth very rapidly by their great in
crease in value as the road gets into
working order.
The Chicago-New York Electric Air
Line road will cost about slO-Ovo,0p TO
build. This money is to be raised Dy the
sales Of common stock, which is the only
form of security that will De issued Inc
oid-time method of bonding property 70
the bursting point will not prevail IN THIS
enterprise. Not a dollar in bonds, pre-
ferred stock or securities OF any KIND Will
stand ahead of or take precedence over
the common stock Every man or woman
that owns a dollars worth of stock In the
Chica go-Ncw York Electric Air Line Rail-
road will he or an equal footing flrSt.
last and all the time. The fun par value
of the shares is 800. fully paid and nom
assessai,lo but like all gigantic projects,
the first stock sold has to be offered at
= big sacrifice in order to quickly get the
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1906-11-25

have to go where the freight is. no matter
how many serpentine twists and turns
divert them from the pathway of direct
ness Passengers not only have tn he
hauled far and unnecessarily out of the
way but are shifted around curves gull
lies and mountains that forever render
an extremely nigh speed out of the ques-
.uop. The simple fact, therefore. is that
passenger traffic will pay and pay well,
even If never a pound of freight were
carried. If the route were only direct
one and no delay OF fifty-car freight
trains, some of them with perishable
goods, was caused by the high-speed
trains
When a manufacturer ships freight I'M
der present conditions. a strange process
ensues. Freight may go over half
dozen roads and many miles out of its
way before IT reaches its destination.
Most of the roads are members of great
freight pools or trusts which operate
within certain ''spheres of influence"
Business is divided up, the profits being
portoned out in accordance with a fac
tor schedule and the freight going over
Whichever poor route the situation de-
mands. When a load of freight starts
from New York for Chicago by way OF.
let US say, the Erie no man can pre-
act now many other routes than the Erie
II Will run over before it reaches the end
OF IT'S journey, and il matters not SO long
as 1t gets there-somehow-so time.
But 1t opes matter to passengers whether
around the bush. When a passenger
starts for a given point he wants to get
there directly and. therefore, the pas
senger trains of existing roads pick their
way through a sea of freight trains cat
tie cars On a siding here, fruit ears on
spur there. all being delayed to the ex-
tent of hundreds of thousands of dollars
What a blessing, then. it will be when
the new Chicago-New York Electric Air
line flashes its clean. luxurious trains be-
eNeen ChiSAso~s.nd New York City at the
marvellous speed of seventy-five miles an
hour. some of them making no stops. If
freight is ever carried it will be over ex-
elusive freight tracks. ample space for
which has been provided. The territory
traversed by the new electric line is the
most densely populated in the country.
and the bulk of all the traffic. both
freight and passenger. from Cleveland,
Toledo Detroit. Philadelphia and other
large cities will ultimately be carried by
this route. 1t has been shown by the
work of the Twentieth Century Flyer
of the New York Central that there are
plenty of people willing TO pay the fifty
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1906-11-25

first shares are marketed may, at the end
of a few years. stand for quoted mar
ket value of 5000 and yield a yearly in
come of soc. If il does this and il is not
invests $50 in its shares now will have
a yearly income of 81 600. OF course the
only time such colossal profits can be
made is at the very start After the first
section of the road is built and the peo-
pie see it in actual working order. see it
rolling up profits and making money like
a mint there will be slight reason to Of
fer the shares at any considerable sac
rifice, we are doing,
AS we have said, nothing can stop the
building of this road. of course. IL its
projectors are compelled to build il I'M
aided by popular stock subscription it
would take much longer than otherwise
and as the road will earn thousands upon
its completion is FASTENED. it has been
planned to make it peoples road in
every sense.
The road will undoubtedly commence
earning money within one year from date
and will do il by opening up and op-
Grating the first section, n stretch of
track about 100 miles long, and ending at
Goshen. Ind. This section runs through
a region peculiarly. rich in traffic posi-.
bilities. Running through the towns of
Whiting. Hammond, Tolleston. Hobart,
Chesterton Gary, New Carlisle, La Porte,
South Bend, Elkhart, Goshen and many
others. it serves a population of 10000.
IL has been shown that electric ser
vice through a region of this character
yields a gross traffic income of from
$40 to $3.50 per capita Of the population.
Even at the lower estimate of $40 per
capita, the gross profits figure up to 81
100000. Our operating expenses will not
exceed 30 per cent of the gross receipts.
and this would leave net earnings of nine
hundred and fifty thousand dollars $780,
0c0) on section of road only 100 miles
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1906-11-25

road into position where it can begin to
earn money. A portion of the 500 stock
of the Chicago-New York Electric Air
Line Railroad is therefore offered at S2S
per share. The shares that are invested
in at this low price of s2S will, when the
road is finished, not only be worth their
full par value. but many times that value
Shares of certain bank in New York
City, that stand for 500 value, cannot
be bought for less than 5000 The Great
Northern r.. r. shares, at a par value or
500, sell in the open market for s2SS There
are many such cases. but none of them
will ever show such a surprising rise as
will the shares of the new electric line.
Many clerk, grocer, plumber, carpenter
or other man Of moderate means who has
the foresight to realize the marvellous pos
sibilities of this investment and buy at
present prices will be numbered among
our rich men five years hence. Even few
hundred dollars invested at the price the
shares sell for today will almost surely
yield such an income within five years,
that the holder thereof will never need to
toll or work another day as long as he
lives.
The stock of certificate are given double
value and put beyond the power of man
to make them worth any less than par by
the following clause printed on them:
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1906-11-25

reason to believe that the earnings may
run up to a point far beyond what we
nave calculated. There is one small cleo
trio trolley road down in the rice country
IN TeXas which hauls both passengers and
freight, and which earns over 100 per cent
yearly on its stock. OF course this is ex-
cepuonal, but SO are the conditions that
surround the ChicagO-NeW York Electric
AR Line Railroad exceptional, and a great
ceal more likely to produce spectacular
results In dividends than any railroad pro-
Ject that the country has ever known.
Dividends from railroad are surer than
nom almost any other kind of investment.
from the fact that no great fire, earth
quake or other calamity can entirely OBJ
1terate and ruin the property. The invest
ment is spread over such a wide expanse
that IT is an utter impOssibility that more
than small proportion of it can be wiped
out of existence at any one time.
Trust funds, which seek only the safes.
Investment, are more largely placed in
railroad securities than in any other way
The total value of the stock and bond
securities of railroads in the United States
amounts to about $4,000 100000. which is
about One-eighth of all the wealth of the
country.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1906-11-25
How Passenger Traffic Pays Better
Than Freight.

There is an absurd popular notion that
no steam railroad makes any considerable
profit or its passenger traffic. but the
new ChicagO-New York Electric Road
will quickly prove that such is not the
case. and that by special equipment for
passenger traffic it can be made to- pay
far more than freight does. The reason
passenger traffic ON the great trunk line
steam roads yields no profit to speak Of
is not because there is no money in the
carrying of passengers but because the
roads having been conceived and built
with no consideration for passenger re
quirements and with freight the begin
ming and end of the roads commercial de-
sires, the two classes of tonnage don't
work we'll: together When a flyer
makes a sensational run under presen.
railroad conditions. it often means that
all freight trains for a distance of leo
miles have to be run onto sidings or other
wise shifted out of the danger zone until
the passenger train gets by. This means
an almost incalculabe loss. a loss that
certainly does kill all the profit that
would otherwise accrue.
Then, again, the steam routes. being
freight routes first. last and ali the time,
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1906-11-25
Electric Line viii Build Up Many
Great Fortunes.

The time has come when the people
ought to own the railroads and they are
going TO own them.
The Chicago New York Electric Air
Line railroad is the great entering wedge
When this road is built the farmer can
look out upon his grain field with the
content that comes from knowing that
when the harvest ripenS the bulk of his
earnings won't go into the jaws of a
greedy railroad as excessive freight
charges The manufacturer and small
freight shipper will be able to get his
as.any other shipper. No longer will the
small shipper be fooled with the sickiy
excuse that we can't get cars. while
along through pull and favortism.
But. what is best of all. the small
stockhoider land there Is no reason that
it should not be YOU will have an invest
ment that will make him financially indie
pendent. The conditions that make pos
sible the building up of Americas great
est fortunes are many times more prom
ising than they were In the elden rail-
road days.
The old steam roads. being loaded. down
with debt wateriogged with over-capita1-
igdtion and WDrn to. their marrow bones
ay their fearful struggle. to pay diyi-
dends on securities that stood for false
values. are in no position to sacrifice
through electric line like the Chicago
New York Electric Air Line railroad, 1t
took new blood. new courage to do it;
IL took faith that the project was SO big
necessary sl50,0oo.co0 would be forthcom-
ing,
The profits that this great electric road
will make for its stockholders are al
most beyond calculation. while the natu-
raj rise in value of the shares because
of the extraordinary earning power is
likely TO be such that an investment of
s100 at the reduced price at which the