Wood County reporter. [volume] (Grand Rapids [i.e. Wisconsin Rapids], Wis.) 1857-1923, 1906-12-27
<SSss -~@~
III
IIIMznFA slHE ,s9
gHSG =||sA12 NlG2lHDSA
MS1gDlFF
~@ssSSE~Z-S


A coal famine is said to threaten the
towns and cities of Utah, Idaho, Nevada
and part of Colorado. because of the mo-
ncpoly established by some of the west
ern railroads. At several points, people
have taken the law into their W hands
BY holding } coal trains and compelling
the trainnen to sidetrack car loads of
coal. This condition of affairs is under
investigation by the interstate
commission.
President Hartman of the Union Pa
cifc system, in submitting the annual re-
port for the fiscal year ended June 30,
says that the receipts were the largest in
the history of the company. The com
pany earned 100 per cent, but the assets
we're increased over S71.OO0,0OO by the
sale of Great Northern. Northern Pacific
and Northern Securities stock. Gross
transportation receipts were S6l,2Sl,o42;
net receipts were S5O,317, 769, and the
surplus $~21,434,S5S.
President Hill of the Great Northern
announces a bonus dividend to stockhold-
ers of the company on account OF the
ore deal. 1t will consist OF one share
of new stock. worth par, for every share
of Great Northern outstanding, or Sl2o,-
100000 worth. The Northern Pacific is
to receive from The Great Northern about
S5OOOOOOO in cash for its interest in
the Burlington. and this will be paid as
a cash dividend of 80 per cent. Thus
the Burlington, Great Northern and Pa
cifc railroad systems will be completely
merged, with Hill in control. 1t only
remains to complete the shortcut from
Billings to Great Falls, Mont, Billings
being the western terminus of the Bur
Iington. where it meets the Northern Pa
ci6c. and Great Falls being the nearest
point on the Great Northern line.
Henry S. Hartley. a Kansas City
grain broker, pleaded guilty to receiving
rebates from the st. Louis and San Fran
cisco railway. and was fined $1,000 by
Judge Garland.
By a decision of the Supreme Court,
the Mississippi railroad commission is
prohibited from compelling the Illinois
Central railroad to stop certain through
trains at Magnolia. a town OF LOO in
habitants. The railroad showed that to
make this stop would prevent the expedi-
tious CARRYING of through mails, n that
with three trains a day the town had
adequate service.
The Pennsylvania railroad has sold to
Kuhn. Loeb & Co. all its holdings of
Chesapeake and Ohio stock, amounting
to 156. 800 shares of a par value of S15,-
$4,000.
The Interstate commerce commission
took formal steps Thursday toward an
investigation of the Hartman railway
system. with a view to its prosecution
and dissolution into the component parts.
The right of the Florida railroad COM
mission to regulate rates on freight with
in that State was confirmed by the Su-
preme Court in three cases brought by
the Atlantic Coast Line and the Sea-
board Air Line.
More than 10000 individual cakes
of soap leave New York every day as a
rart of the equipment of steam railroad
trains steaming out of the metropolis.
One railroad system alone, it is said. ex-
ponds 100000 a year to equip its coaches
at either end with this commodity.
The directors of the Atchison. Topeka
and Santa Fe railroad have formulated
a plan by which the capital is to be in
creased TO $3.50. 100000, thus aiming to
proyide for the roads needs for many
wears to come. Notwithstanding that
there is no floating debt and that they
have S15.OOO.OO O in the bank. it is DEEM
ed necessary to provide for increased ia
c~ilities in order to handle the business.