davidaulloa/AmericanStories huggingface dataset:
Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1906-03-10

ested I'm Insurance matters re was
antagonistic to the appointment Of
Louis +. Payn as insurance commits
sioner, and when Payn secured the Of
flee he made up his mind that he would
devote himself specially to future In
surance legislation.
He had not long to wait for an OPP
portunity 10 exploit his fayorte topic
He discovered a concealed purpose I'm
an insurance measure which was slated
to pass and took the floor against IT,
His caustlc criticisms were having a
tremendous influence against the bill
when one OF the attendants slipped n
note into his hand Armstrong paused
a moment and glanced at the communi-
cation, which was to the effect that Il
would be TO his Interest to desst from
his opposition. The note was signed
by fellow senator, and without mo-
ments hesitation Armstrong read IL
aloud signature and all. The result
was sensational I'm the extreme, but
from that day tho impulslve senator
has been free from the oycrtures Of the
lobby
As further Illustration OF his scru-
pulous precision may be given Sena-
tor Armstrong; own statement that he
can account Tor every penny spent
since his eighteenth year This does
not mean that be Is paraimonlous on
the contrary he Is notably generous and
as fond Of the good things of ne as rs
the average man, Although he is not
college bred, ne Is man Of scholarly
attainmonts. being an omnlverous read
er, lie is OF Irish extraction and proud
Of the fact, and DE- reads and speaks
German nuently lie IS now I'm his
forty-second year and Is stocky in
build, cares little for dress and is bluff
In manner II Is not an easy matter
to become intimate with him but when
one does succeed in doing So he may
call him "Rill" and "oll boy" II he
chooses. Both the senator and His wife
are devoted To outdoor sport although
they draw the line when Il conflicts
with the tenets Of the Society For the
Prevention OF Cruelty TO Animals Of
which they are enthusiastic and con-
sistent members.
JAMES II. BENTLEY,
Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1906-03-10

go TO work. becoming the sole support
Of hs family. lie had already made up
his mind TO become d lawyer but Il
WAS moro than cight years before his
ambition was realized and he was ad-
mttcd To- the bali
Hc removed 10 Rochester and en-
torcd law Office ln which he remained
three years Then ne became "a mem-
Der Of the new firm of Desmond &
Armstrong, a partnership which still
Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1906-03-10
A SAFE FOR WILLS,

There is a depository for the safe
custody OF the Wills OF living persons
at Somerset House. A will may be
deposited through the registrar Of "A
district registry, who will transmit the
will to London In a registered letter on
receiving fees amounting TO sl2,75.
once deposited, the will cannot be
withdrawn, but must remain In the
registry until the testator dies, unless
he produces the original minute of the
deposit and other proofs of his Identity
and destroys the will In the presence OF
the registrar
Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1906-03-10

self with a stock OF works on that
rather abstruse science. One of them
was a pOnderous treatise on eclipses.
lie attacked this work vigorously, but
difficulties rose on every hand ARM
strong absolutely refused TO accept any
OF the calculations in the book until he
had proved them mathematically lie
WAS q man who took nothing Tor grant
cd, lie would not attempt to make any
conclusion until he had tested each
premise 10 his own satisfaction.
Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1906-03-10

was elected to the board OF supervisors
Of Rochester. The following year he
made tho campaign for tho assembly
and was successful From the first he
found the work IN the legislature 10 be
remarkably congenlsl 10 him, 30 much
50 that he has served continuously in
one house or the other ever since. His
ability was recognized Immediately at
Albany and he was given due promi-
hence IN committee work. From the
frst also, he seemed 10 be most inter-
Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1906-03-10

federal law could be enacted which
would regulate the commerce Of trusts.
1t is not likely that the heads of the
oil monopoly passed many sleepless
nights while this inquiry was under
way, since the commission was very
general In its search for information
and did not deal largely in particulars.
The new department Of commerce and
labor was the direct result OF the mat
ter, and the bureau Of corporations was
launched.
1t must not be thought however that
Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1906-03-10

What those sources might have been
was the trusts master secret ana II
was not divulged. The public believed
that It had been tricked again and lost
faith in the sincerity OF trust uvestiga-
lions Of any description.
Nothing further was done until 1899.
when President Mckinley's Industrial
commission tried to satisfy itself and
the American people whether or not any
Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1906-03-10

stituents OF many national legislator
were reminding him OF his plain duty.
Congress had already made beginning
in the matter, Influenced by the in.
ability Of the states 10 enforce their
recommendation az TO rebate and dis
elimination, congress had passed the
interstate commerce law, which placed
the regulation Of railway traffic In the
hands Of commission appointed by
Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1906-03-10

all this labor has been unproductiye OF
certain very definite results. Much
knowledge Of the inside working of the
octopus has been gained by the gov
ernments agents, and IL viii he ex-
ceediugly useful In future proceedings.
This Information was acquired With the
greatest difficulty Compared with 1t
the work Of getting at the true in
Wardncss Of the beef trust was mere
Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1906-03-10

:. s.. i: !" 7. !. /. !. !.
E2LsesAsyLFI9MONG the men who
ERM WI have achieved an en-
lW IA gTsl viable prominence in
ESEE ENN the recent legislative
w &x M investigation into the
~ ~ III methods of doing
k6ssan3 business employed by
SAAaS the New York life in
surance companies
Senator william w. Armstrong, chair
man Of the joint committee OF the Leg
stature, stands foremost. Charles Il
Hughes the brilliant attorney who con-
Quoted the examination for the com
mittee, was man OF national reputa-
lion before he undertook this latest and
most trying effort He had already
demonstrated his ability to uncover the
dark methods of designing corporations
His method OF extracting information
from those who had every reason TO
withhold 1t was made so apparent IN
The previous Investigation into the do
ings Of the New York city gas COM
panles that he was the logical choice
OF the insurance commission Mr.
Armstrong; opportunity came later
but II came mono tho less surely
Senator Armstrong has been a Nom
Der of the upper house OF the New York
state legislature for seven years, and he
mas also had four years experience in
the lower house He has not shown
hlinself TO be man OF words, but IL Is
understood among his fellows that moth
ing going on In either house escapes his
observation. This is why he has ac-
qulred the title OF watchdog Of the
senate There Is no other member of
the body with the possible exception
OF Senator Human Of Bnghamton, now
serving his first term who makes such
close study u legislation pending at
the state capital as does the senior
senator from Rochester,
Tie has become an adept at getting at
the real significance Of a measure.
Every bill which is put upon the sem
ates fles must run the gantet OF his
acute Inspection. He makes fl his es-
pecial business to find out all that can
De made known concerning II. He APP
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1906-03-06
STOCK MARKET
SHOWS WEAKNESS
Heavy Shrinkage in Quotations All
Along the Line, COppers
Suffering Most.
BEAR TRADER is BUOYANT
DECLINES RANGED FROM ONE
TO THREE POINTS.

New York, March 5.-A penalty was
paid in today's stock market for some of
the excuses Of the past speculation. The
paying of the penalty must be the more
unpalatable as coming in the midst of
truition Of the expectations on which the
original speculation was based. Incoming
reports from all quarters sustained the
conviction in the unparalleled level Of the
country prosperity. Nevertheless stocks
were thrown over today by wholesale at
hedVy sacrifices and at severe speculative
losses. judged by the enormous shrink
age IN market quotations indicated by
the comparison of prices touched today,
with the high prices touched while the
speculative excitement was in force. The
slump OF today was elimination of the
more gradual declining tendency last
week The acceIeratiOn of the pace in
the later stages Of the movement is not
q novelty IN the stock market whether
the movement be either upwards or
downwardS. Speculative holdings which
nave been retained through earlier dis
enlargement in the hope of a turn in the
tide and an Improvement in conditions
become an Increased burden as prices sag
dOwnwardS- When selling becomes urgent
In character, the quicker decline enhances
the difficulties of belated holders and de-
tracts from the disposition to buy stocks.
Hence, 1t comes that the later stages Of
decline take on an appearance of aggra-
waited weakness. Margins are wiped out,
StOp-lOSS orders uncovered and the pro-
fessional bear trader is always on the
watch to take advantage Of the situation
and force the decline. The shrinkage in
the value of collateral makes the tenders
of money additionally exacting and
prompts the refusal of some securities as
collateral which may have been playing
the largest part in market activity. All
of the factors were at work in today s
market. There was not much news of
any substantial character to account for
the decline. 1t is to be considered, how
ever, that while current events show the
fruition of many speculative hopes, there
have been many expectations also which
have been proved TO be extravagant.
The failure of Saturdays market to
rally on the decision of the treasury de-
paTtment to deposit 100000 in national
banks was a keen disappointment to the
belated speculative holders who were
hoping for a check to the decline. The
opening of the week disclosed the con-
tinuance of the factors OF depletion of
bank reserves. The sub-tTeaSUry cOntin-
ues to take funds from the New York
market and interior exchanges indicate
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1906-03-06
MASON VALLEY COPPER STRIKE
Second Tunnel Shows Up Big Body
of High Grade Ore.

The local operators constituting the
Mason Valley Copper company, which
is operating the Walker Lake region,
below YeringtOn, New, were rejoicing
over a message received from camp
yesterday morning. 1t stated that the
big ledge for which the company s
Dewey tunnel was being driven had
made connections and that a full face
of fine ore was exposed.
This is the second tunnel to enter
and expose the ores in a ledge which
crops sixty feet or more wide on the
surface, and through which StreakS of
rich copper ore are being developed.
The strike is considered significnt as
establishing the continuity of the Won
derful deposit, and work will now be
crowded with greater vigOr than ever.
1t is the stated purpose of the man.
agement to award a contract at once
for the driving of a 1,000-foot tunnel
that viii develop the ledge to an addi-
tional depth of more than 400 feet. If
the ore is encountered there, the prop
erty will be worth millions of dollars.
Il is located close to where Captain j.
r DeIamar is operating.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1906-03-06

that the current of the cash movement is
in that direction. Foreign exchange also
became firmer today in spite of yielding
OF discount rates in London Rather
gloomy predictions were heard of the out
look for an anthracite strike and the
special weakness of Reading was attr1b-
uted to this cause. The continued dis
turbance in the life insurance field was
given credit for effect on sentiment, al
though it had no immediate consequence
in the stock market.
The liquidation in Amalgamated copper
was supposed to come from interests con-
cerned in the settlement of the Montana
copper dispute and cynical discussion was
heard of the possible auspices OF the de-
cline in this stock market. An advance
in the price of copper both here and in
London had no effect on the price of the
stock. The market in the latter part of
the day showed some evidence of the re-
ief afforded by the liquidation and rfl'
bear traders were inclined to buy to
cover their short contracts. This caused
some recoverieS from the days extreme
decline, which ran to over points in
Reading and between 4 and points in
Amalgamated Copper. American Smelling
Northern Pacific, Great Northern prefer
red, Colorado Fuel and a few others De-
clneS ranging very generally from l to 8
points The late rally was not well held
ana the closing tone was rather easy
Bonds were irregular. Total sales, par
value, 81, S5S.OO0
United States bonds were all unchanged
on call.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1906-03-06

Financial and Commercial

and prospector is in good health and in
fair way TO again get a fortune from
the sands Of that section of country.
Lars Frandsen, Edward Stewart
and others, have located some good
copper, gold and silver bearing ground
in the Cedar mountains down at Wood
side. A carload of the rock was re-
Gently sent to a sampling works at
Murray. The lot consisted of twenty
two tons and melted the owners a suf-
ficient sum so that they are encour-
aged TO go ahead with development.
The nearest shipping point is Desert
Switch, on the Rio Grande Western
railroad. An expert has been out from
Salt Lake and has made the owners an
offer for the claims, which was refused.
Lawley, Wade & Sweet, or the West
ern Coal & Coke company, are doing
considerable work on some coal prop
critics just north of Spring Glen, in this
county, and some six miles from the
main line Of the Rio Grande Western
1t is proposed to ship coal to Salt Lake
within the coming year, an equitable
freight rate having been conceded by
the management of the Rio Grande
system.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1906-03-06
eILsoNITE AND ELATERITE.
Preparations Making for Heavy Pro
duction This Season.
Especial to The Herald.)


Price, Utah, March with the
coming of spring and good roads the
Raven Mining company, with special
concessions on the Uintah reservation,
will resume the shipments Of gilsonite
from near Fort Duchesne and elater-
lite from its Indian canyon properties
on the west end of the reserve. Ship
ments are suspended each winter be
cause of the difficulty of getting ores
in and out and the character Of the
workings, which are open cuts.
The Pariette mines. ninety-five miles
out from Price and just off the reseT-
vtaion, have had a steady output of
gilsonite all winter, being worked by
a shaft. Thirty-five men have been
steadily employed at this property
since last fall, and this number is to
be doubled soon. The Pariette is con-
trolled by Chicago capital Lately Cen
eral Manager Hill of Chicago made an
inspection of the workings and he has
decided to install an entirely new plant
of electrical machinery.
The output of the PaTiette is five
hundred tons a month of gilSOnite and
with the additional force of miners to
be employed the output may be easily
doubled The ore comes to Price and
from here finds a market I'm the east
and in Europe, besides q large lot of
it is treated at the company's refinery
just out of Chicago, where the by
products are handled.
The Utah OZOkerite company at Col
ton, which has been shut down for the
winter, is to resume at an early date.
Denver parties are believed to be ne
gotiating for the purchase of this COM
pany's assets.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1906-03-06
NEVADA SUPERIOR OPERATIONS
Shaft Has Reached Two Hundred
Level and Headed for Next.

Ford W. COrrell, manager of the
Neutrality-suspicious. company's properties,
in Humboldt county, New, returned
from a several weeks stay at the mine
Yesterday morning and will leave for
his home in Rockford, Ill, today He
reports that the shaft has now reached
the 2OO-foot mark, that a station has
been cut and sinking for the 300-foct
level is under way
Everything is moving smoothly
at the property" said Mr.. CorreIl,
land conditions underground are most
encourag ing. Superintendent J. NJ.
Harrington is doing good work and he
will not be long in reaching the 300
mark. There is nothing I care to say
at this time as to what the mine is
capable of doing in the way of produc-
ing ore. 1t is better, I think, TO walt
and let development tell its own story"
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1906-03-06
Mininu Notes.

Lafayette Hanchett, chief of the New
house staff, went to the Cactus Sunday
night
Colonel e. A. Wall returned from a
several days business trip to Denver yes
terday morning
Two cars of ore from Bingham one
from Alta, one from Stockton and two
from Nevada were reported at the Pho
neer sampler yesterday morning
Judge Thomas Cupit is down from the
Park looking after personal business ana
incidentally measuring up the strength
of the local mining share market
Emil Sutro, a well known broker of
Tonopah. with Mrs. SutrO, are guests at
the Knutsford. Mr. Sutro expects to re
main in town several days sizing up
local conditions.
IT IS reported that the shareholders of
the Copper Glance company have rati-
fled an agreement to sell the property
on a basis of p cents share to an
unnamed eastern syndicate
Ten carloads of ore from Tintic, five
from Bingham. one from Stockton, one
from Colorado and one from Nevada
were released from the Taylor & Brun-
ton sampler yesterday morning.
Arthur Murphy has returned from
brief trim to the Pioneer cOmpany's prop
ertv at Alta He says that just as soon
as spring opens work in the tunnel will
he crowded. Only a small force IS be-
ing employed through the winter.
r. c. Lund. of the big forwarding and
commission company at Iund, was up
from the- south Yesterday. he states tnaI
a string of teams are now kept busy
baniing lumber. timber and other sup
piies into Phoebe for the Nevada-Utah
company.
The settling basis for copper this week
- advanced by the American Smelling
4, Refining company to IT'S cents per
pound, as against TIC. last week. The
Settling basis for lead remains unchanged
at S35 The week opens with silver at
s45s cents per ounce, or Il cent less than
on Saturday.
A ]. BEETLES of the Newhouse staff
who has been confined to his home for
the mast two weeks or more with
severe attack of tOnsilitiS, aggravated by
asthma, is reported to be gradually on
the mend and. weather permitting, ne
NOV he able TO leave the house before
the end of the present week
Manager c. H Doolittle of the Utah
&, Eastern companys mines ana sInelt-
ers in Washington county returned from
caun Yesterday morning. He states tnat
the sn1eIter will be blown IN during, t he
next few DAYS and it will not be long
tilI copper bullion begins 10 make It's
anpearance in the market again.
At the annual election Of the Bulilon-
peck company yesterday the old otIlcers
md directors with one exception, Were
~a'alected as follows: 2. i. tarnSWortn'
nrrssident: Joseph F. Smith. vice presl-
99anf and treasurer: NJ. c. Morris, secre-
49, The other directors chosen were -
a. Cunningham, II. c. Lund, u.
Earnsworth. Jr., and S. w Klter' the
latter in Mace of A. E. Hyoe'
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1906-03-06

past day or two stocks have been sliding
downward at q fast rate. This does not
detract from their merit for all the COM
panleS are in an A l condition and ship
ping large quantities of ore. At this
writing large selling orders are coming in
and viii shew lower prices. That stocks
should go up % and 80 points a day, plain
" shows the excitement and intense feel
ing created. advised profit taking for
the past two weeks, but row it seems a
The ore shipments for the past week
are: Tonopah Mining company, 1,5S5 tons;
Montana TonOpah, 100 tons; Tonopah Elk
way, 100 tons; North Star, 80 tons; Man
haitian Dexter, 30 tons; Sin Claire lease, %
tons
Belmont continues to be a large shipper
and is increasing its output The divi-
dend which has been expected will not be
declared until June or July, which IS
predicted to be Is cents to 25 cents. The
stock Will no doubt hover around 80, but
as it shows itself to be one of the biggest
Of the district, l am inclined to favor
holding it Most of the stock has been
absorbed by eastern markets
Montana's rise to $3.25 was due to the
general bull market conditions augment
ed by large eastern buying orders. There
is enough stock around at present to Keep
the market from going higher and I be-
lieve it is an excellent short.
Midway is about the best buy in Tono-
pan; 1t continues to be "a steady shipper
of high-grade ore, now having cash
enough on hand for three coming quarter
ly dividends of 5 cents.
The Goldfield stocks look as if they are
now going to have their inning and
should sell higher
Goldfield Belmont is being bought in
large blocks by Brock crowd of Philadel-
phia, they having taken away over 100-
coo shares in the past week. They are
still after it, which shows some uncov-
ering move on their part and 1 am ex-
pecting to see a 10 to Is point rise
Great Bend is still being bought by in
siders. The company has made one ship
ment but the price seems somewhat high.
In looking over the field, am inclined
to favor the BulIfrog stocks Denver is
one property Of large merit All floating
stock has been absorbed by the Brock
crowd and it Will sell at 81 within a short
period. This should help Eclipse. Tramp
and Gold Bar, as they have excellent 10
cations, are well thought of locally and
east, and have good backing. They all
look higher.
Intense excitement about Manhattan
continues to increase Some of these
companies are shipping ore. Manhattan
Dexter is shipping on three leases and
looks like the coming property.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1906-03-06
NEW COMPANY FOR THE PARK
James McGregor and Associates Pre-
pairing for Active Campaign.

The Magnolia and st. Louis claims
and the June Bug group Of six claims
at Park City, the property Of James
McGregOr and associates, have been
made the basis of a new corporation,
the MagnOIia-St Louis Mining COM
pany. It has been organized under the
laws of Nevada with a capital of 3O0,
OCO shares, par 81, and fully paid. The
certificate of incorporation was filed
with the secretary of state yesterday.
The incOrpOratOrS of the company
subscribe for 900 shares of the capital
stock. as follows: James McGregOr. 500
shares; J. +. Prick, 100 shares; W. c..
Hail. 100 shares; Frank McKeen, sam
ueI c. McKeen and AdOlph Herr, all of
Terre Haute, Ind. 100 shares each
The holdings Of the company en-
brace eight patented claims, all of
which are in the Uintah mining dis
trict The Magnolia and St Louis
claims are located about 1000 feet
southerly from the operating shaft of
the Silver King Mining company, and a
shaft is now going down on the prop
efty. The June Bug group consists Of
a block Of ground about 1000 feet in
length and Immediately adjoining the
Silver King, Kearns-Keith and West
Ontario group. the latter belonging to
the Diamond-NimrOd company.
All of the property of the new COM
pany is located favOrably with refer
ence to the big mines of the camp and,
while plans for its development have
not been fully rounded out, the ex-
pectation is that the present season will
witness the installation of big hosting
works and the conduct of operations
IJDOO an extensive scale