davidaulloa/AmericanStories huggingface dataset:
The Washington times., 1906-12-30
ST. PAUL HOLDERS
MUCH DISGRUNTLEO
Small investors Stand to
Lose Several Million
Dollars.

NEW YORK. Dec. 29.-Conster-
nation prevails among the small
stockholders of the St. Paul ow-
ing to the ruling OF the management
that there are 70 be no fractional
shares. Because OF this ruling the small
investors in St Paul stock stand To lose
probably several millions of dollars.
If "A man holds three shares of pre-
ferred stock of $500 par value he IS
ostensIbly entitled under the terms of
subscription TO subscribe $50 in pre-
ferred stock or one and One-half shares
ana S75 in common stock. or thTee-quar-
teTs of Il share. But in reality under
this ruling the holder OF this $500 stock
can subscribe TO only one share OF pre-
ferred stock as the fractional amounts
Gn this one-half share of preferred and
three-ouarters Of commou) are not a.
lowed
The holder OF such three shares might
have thought at first when 'he saw
rights selling on the curb for 80 share
that he had a profit here If he chose
to sell his rights Of $l05-the market
value of three rights. AS matter o'
fact he can subscribe TO only one share
Of preferred stock. which, of course, DIS
rupts the value OF his rights.
II is an excellent proposition to'a man
like II. II. Rogers, William Rockefeller
or J. Ogden Armour, who hold perhaps
80. 600 shares or more apiece Any OF
these men holding 5000 shares car
subscribe 10 25,OJJ shares Of common
stock and 12.55O preferred stock. II
other words. they can get $500 OF new
stock in all and lose no fractiona
shares
The Washington times., 1906-12-30
CALUMET & HECLA CO.
TO OPEN MINES IN MEXICO

Advices from MOcteZuma, Sonora. are
TO the effect that the above concern.
which hitherto has confined its opera
tions 10 the Lake Superior regions in
Michigan is about to enter Mexico. and
that the company has just taken an
option on the Rosa Amarillo group OF
mines near Moctezuma. The property
consists of 500 acres. on which there are
outcroppings of high-gTade copper ore
in tWenty-four places The surface
showings are so extensive that it is al
most a certainty that they cover i'm
mense bodies of high-gTade ore. The
company has placed a force OF about
100 men on the work. and IL is believed
that the option is for the sum of $500, ,000.
The Washington times., 1906-12-30
HOLIDAY AIR PERYADES
LONDON STOCK MARKET

LONDON. Dec. 29.-Trading on the
stock Exchange was quiet, pending
Tuesday, holiday. CoEsols remained
steady. but the bad weather adversely
affected home rails
Americans showed better tendency
on the more favorable close Of the
market in wall Street yesterday,
which induced moderate coverings,
parity level being slightly exceeded.
4 slight reaction followed, but the
market recovered ard prices closed
steady.
Foreigners were dun.
Money was in better supply today,
owing 20 the recent borrowings from
the Bank of Eagland. Discounts were
more freely dealt IA at easier rates.
The Washington times., 1906-12-30
sDxzNitzy8yRtYlkerS
NSSfSIR

Richard Z. Ciaughton, who has held
the position of assistant cashie Of the
Commercial National Bank since rs or
ganization over two years ago, and who.
prior TO that time. had been paying
teller of the Citizens and West End
Banks. has resigned his position to be-
come the treasurer of the new United
States Trust Company
To his many friends it will be a great
surprise to hear the news of his de-
parture. as il was supposed from his
long connection with these several in
stitutions whose history is so inter
woven that Dick was one OF the per
manent fixtures.
Successful Virginian.
At the same time they viii be salts
red that in making the change 1t viii
be TO his personal advantage, and their
heaFt.est congratulations will be eI-
tended 20 him. and 10 the new institu-
ton which has been fortunate enough
/ to secure his services.
Born III the good old mother Of States
about forty years ago IN the county Of
| Northumberland. which had many times
/ honored his father by public preferment,
after passing through the schools Of the
I county he came To Washington. and at
; the organization OF the West End Bank
/ in 1880 was employed IN a minor ca
pacity from which he was rapidly ad-
vanced as his merit was recognized.
/ When the West End was merged with
the Citizens he was made paying teller
/ OF the combined banks. and on the es-
/ tablishment of the Commercial became
/ one Of the valued officers of the new
( bank
IN accepting his new position he will
/ bring 10 f. a large acquaintance and
! a knowledge of banking that cannot
help but make him a valuable officers
Until the new trust company becomes
! permanently established he VIII be found
at the temporary offices, T13 Fourteenth
street, and as II is understood that fully
The Washington times., 1906-12-30
DOGS USED TO SMUGGLE
FIREARMS TO FINLAND

ST. PETERSBURG, Dec 29.-The
mystery of smuggling arms over the
Finnish frontier. despite the numerous
quarts. has at last been solved.
a soldier OF the Frontier Guard saw
something rushing swiftly through the
snow. Thinking IL was a wolf he fired
The animal dropped The soldier jumped
from his horse and found that the VIC
tim was a dog Three reyolveTs and 100
cartridges were found IN sacks strapped
TO the dogs body
The Washington times., 1906-12-30
LEOPOLD SUED FOR DAMAGES.

PARIS, Dec, 29.-LeopoId, King of the
Belgians. is beng sued in q Brussels
court for damages for bodily hurt. The
suit has been brought by a man named
Moeyaert, who claims that he was run
over and injured by his majesty's auto
mobile. The car was driven by The
Kings private chauffeur. and the man
claims that the King should pay dam
ages like ordinary people
The Washington times., 1906-12-30
ACADEMY H0NORs RoTHsCHILD

PARIS. Dec. c9.-Baror Edmund de
ROthschild has been elected member of
the Academy of Fine Arts in the place
Uf the late Henri BouChot. III Roths-
chill is great scholar and a lover OF
art, and the academy has made an ex-
cellent choice in electing him. His cid
est Jrother was also a member OF the
acaCCmy-
The Washington times., 1906-12-30
TOWN MOVED
IN MINING DISTRICT

GREENWATER, Cal. Dee. 29,-The
town OF Cjreenwater is on the move. and
what was once a promising place Is
being slowly hauled away 10 Ramsay.
where the new town will be established.
and il VIII take with il the name OF the
old town, Greenwater
The Washington times., 1906-12-30
FINANCIAL GOSSIP.

It is reported that banking interests
OF Importance are making a freer offer
OF time funds 10 responsible concerns.
This Is interpreted in Stock Exchange
circles as indicating a much easier tone
in the money market after next week.
The announcement of the early retire
ment Of Mr.. hin from The management
of mis- enterprises should have little ef-
feet on the stocks concerned. His guild
ing hand will be ever ready in case of
necessity. although the actual super
vision win be intFusted TO his son.
The committee appointed by the board
Of managers 20 consider the question OF
dealing in unlisted securities has re-
ported favorably, and a petition is be-
ing largely signed on the Produce EX-
change asking the board of managers
to take up tine question as speedily as
possible Should this plan be adopted
1t Will mean a strong rival to the curb
market
James POLITE. who sued the Wabash
railroad some weeks ago, in order to
prevent the aonsummatiOn of the hnau-
cia! plan for the retirement of the de-
bontures. has brought another suit IL
the financial plan set aside as Illegal
The dividend Of p per cent and 70 per
cent extra declared by the directors of
the TOnOpah Mine Company Of Nevada
is similar in amount To those declared
in September and June. There will have
been distributed on the payment of this
dividend by The company a total OF
SI,3SiOo0. or abOut 25S per cent on the
81 l000.0C0 capital stock.
II develops that he Republic Iron and
Steel Company Is better OFF from the
standpoint of iEon ore by from 5000, 900 TO
O000 Oj0 tons than il supposed IN the
AIessaba range il has measured up be-
tween 5000 900 and ID, 900, 600 tons of iron
ore on a tract of land that was imposed
10 be valueless several months ago
The city of Richmond. Va. has sold
20 local banks $4,000 thiTty-year per
cent bonds at an average price of 10IIa.
city bonds q month ago sold from l0l to
l03, and a better price was expected for
this issue. Duliness of the bond market
generally is the cause assigned Tor the
slump
Secretary Shaw is rather disappointed
that his offer to buy Si0.O0 coo tours has
not attracted more offers. Thus far,
only S2,392, 800 has been paid out for fOurs
presented. and there does not appear To
be any marked desire OF holders of these
bonds 10 part with them. They mature
July !, next
The Sl0.O0O 900 first and refunding mort
gage gold bonds, which have been sold
by the Chicago. Rock Island and Pa
ciiic Railway To Speyer a Co, were
part OF S11,2500 600. which tire last annual
report. for the fsca! year ended June
20, 1895. showed were being held in the
frea sury The present sale increases the
outstanding amount of these bonds 10
s53,Sl2 600.
The Washington times., 1906-12-30
Open. High. Low. Close. close.
5an,, I35r.i s5l s5i s@ sG s3 Sz5 s59 sz3 SE5 sE5
july. 9-S9 $50 $50 SIS 9S6
SPLIT NOT LIKELY
ON CHICAGO BOARD

CHICAGO. Dec. &C H Requa, hav-
ing refused the presidency of the Chi
cago Board of Trade II. y. Sager was
chosen for the ONCE by the nominating
caucus today, Like Requa he is a
compromise candidate between the ele-
vator and anti-eIevator interests and
viii doubtless prevent split and the
organization of two boards. The eau
Gus nomination is equivalent to an cleo
tion.
The Washington times., 1906-12-30
OIL TRUST IN COMBINE
FOR BIG BOSTON BANK

BOSTON. Dec. 29--Inta-asts Identified
with the National ShaWmut Bank nave
made an offer tC the stockholders Of
the Exchange bank looking to the con-
troll If the latter institution J. P
Morgan, Eidder Peabody < Co. and
Standard OIL Com psny, are behind the
project Tney viii have the strongest
finaucial Institution east Of New York
The Washington times., 1906-12-30
PosToFFICE SUED FOR DELAY.

PARIS. Dec 29.-An amusing case is
10 come before the Paris courts in a lew
days. \ gentleman named Fourier Lad
occasion to complain OF the unpunctusd-
ity in the delivery of his letters. E-a
" rote many times TO the postoffice On
the subject, but, getting no redress. he
has at last taken the strong measure of
suing the head OF the French posroffae.
urging negligence on the part of the
authorities and claiming damages.
The Washington times., 1906-12-30
MARKET DECLINES
ON BAD RUNORS
Dissatisfaction Among St.
Paul Stockholders Over
All0tmentS of Rights.
READING BROKE FIVE POINTS
Bank Statement Used to Put Out
Fresh Lines by Bear
Element.

NEW YORK. Dec 29.-The stock mar
lIet was Teactionary today. though no
specific developments might be cited as
tho occasion Tor the declines recorded.
There was a good deal of closing out or
accounts before the end of the year and
such selling, combined with other incl
dents, 10 bring about the recessions.
some uneasiness was created by further
rumoTs of certain stock exchange houses
becoming heavily involved, but no def
mite developments in this line came to
light. and indeed. the rulnOrs We're gen
orally dissredited. The wholly inexcus-
able methods of procedure of the Chi
caEo, Milwaukee and 81 Paul Railway
Company in connection with the new
stock issue did not tend to inspire con-
tdence. particularly OF investors who
feel that they have been unjustly de
pFived Of a portion Of their legal rights
The point at issue, from a pecuniary
View, 10 the individual stockholder. is
small but il rs precipitated a wrangle
hardly in accordance with the dignity
OF such great property as the ST
Paul
Shareholders Threaten Suit.
The stock fell sharply today. losing
3 per cent on the announcement thar
lega! proceedings would be resorted 10
by the shareholders To enforce their
rights. Reading also broke sharply,
sustaining "A maximum loss of nearly
per cent and the weakness of these
two stocks had "a bad effect on senti-
ment resulting in an unsettleInent of
the general list Union Pacific was not
lar behind and declined two points,
while abe HIl stocks had another one
of their now customary drops Of about
> per cent
The stock market al no time during
the session exhibited any decided
strength. though in the early dealings
prices We're fairly Wen maintained. The
heaviest declines were recorded follow
ing the publication OF the bank state
ment, which. al things considered. made
Il very respectable showing.
Preparing for January Z.
The increase in loans of nearly S.
000Q90 was easily accounted for by the
preparations for the January dIsburse
ments. while the flow OF cash from the
interior and Canada to this center ac.
counted for q gain in reserve of S4-
500oc0 the not unusual proceeding oI
selling stocks on a good bank statement
however, WIS Witnessed and prices fel
from / 10 3 per cent Ia the more active
stocks, the larger losses, however, be
ing recorded ~ Reading and ST. Paul
The general list suffered less severely
and the less active stocks showed onl,
fractional losses The market rallied
feebly late IA the session, but the clos
ing was weak in tone.
Government bonds were unchanged
railroad ana other bonds were steady
The Washington times., 1906-12-30
MIsCELLANEOUl
NEW YORK CURB STOCKS.

Quotations furnished by Charles @. Gates
& Co.. Nuussy BunGingi Members New York
stock EEchauEel
The Washington times., 1906-12-30
n. Y. STOCK MARKET

Quotations furnished by Charles G. Gates
& Co. Munsey Buildingi Members New York
Stock EXCHANGED
The Washington times., 1906-12-30
PRICES CHANGES OF WEEK.

The following table furnished by
Griffin HalsleG * Co. brokers, 1874 T
street, members OF Washington stock
Exchange. shows the opening. highest.
lowest, and IaEr sales On the Exchange
last week. Prices are for quotation lots
only.
A-.-.-- / -
The Washington times., 1906-12-30
RICHARD E. CLAUGHTON.
He Has Resigned From the Commercial
National Bank to Become Treasurer
Of the United States Trust
Company.

onc-half Of the stock Of this new COM
pany is subscribed it will be but a short
time before be will be found in the per-
manent quarters now under considera-
tiOn
The Washington times., 1906-12-30
Does 1t Really Pay?

Fiscal Agenf for rhe UHited STATES
Government
Depository for Funds OF Philippine
Government.
International Banking Corporation.
Capital and Surplus .... So, 500, 900
WASHINGTON sEAECH.
1415 G Street N. w.
EoZs-tf
The Washington times., 1906-12-30
NEW YORK COFFEE M5RKET.
BANK STATEMENT.

Surplus OF the banks is s., 1853 22J
against "a, 90, 575 last year. and Sl5.6SS -
two years ago.
The Washington times., 1906-12-30
Most Active Stock.
Greatest Net Gain.

Mitchell Mining. .............a,60O shares
The Washington times., 1906-12-30
NEWS OF THE STOCKS. BOND AND FINANCIAL MARKETS
THE WASHINGTON MARKET

Saturday. December %;
The Washington times., 1906-12-30

Il is reported that banking interests
OF Importance are making a freer offer
OF time funds 10 responsible concerns.
This Is interpreted in Stock Exchange
circles as indicating a much easier tone
in the money market after next week,
The Washington times., 1906-12-30

The announcement of the early retire
ment Of Mr.. hin from The management
of mis- enterprises should have little ef-
feet on the stocks concerned, His glid-
ing hand will be ever ready in case Of
necessity. although the actual super
vision viii be intFusted TO his son,
The Washington times., 1906-12-30
Total Dealings.

.ehell Mining ng,.,.-.....-.,.....Iz point
The Washington times., 1906-12-30

James Polltz. who sued the Wabash
railroad some weeks ago, in order to
prevent the 2OusummatiOn of the hneu-
cia! plan for the retirement of the de-
bontuTes. has brought another suit IL
the financial plan set aside as Illegal
The Washington times., 1906-12-30

Following are the sales and quotation.
or tOdayS market.
BfnfgFna "a m T9la1F~fys fg
Danville intelligencer. [volume] (Danville, Pa.) 1859-1907, 1906-05-25
BUSY INSECT EATERS.
What One Days Hunting Brought t6
a brood of Pied WagtniIs.

What One Days Hunting Brought to
a brood of Pied WagtniIs.
A close student of bird life writes:
"Observation of several species of in
sectivorous birds has shown that the
parent birds will, when their family is
growing up, make between them in the
neighborhood of 500 visits to the nest
in the course Of a day, carrying on
each occasion n whole beak load Of
gnats or spiders or larvae. For the
birds which feed on gnats or other
small life generally take to their youn-
gest not single insects, but a whole
collection at time. On one occasion
I spent an hour in taking the record
of pied wagtail which had It's brood
of newly fledged young ones in an old
disused punt that had settled down at
its moorings into the mud at the side
of the pond. During the hour the male
bird alone was looking after the fami-
ly the female amused herself by run
ming about on the bank catching in
secrs for her own consumption and
varying the occupation with long spells
of attention to her toilet. The male
bird on the other hand, never rested
for one minute from his work of bread
winning. AS his hunting ground was
the open surface of the pond, above
which he fitted, he was never out Of
my sight.
"In the course of the hour he made
twenty-eght trips, the shortest absence
from the young lasting one and half
minutes and the longest nearly six
minutes. On no occasion did he remain
at the punt for more than fifteen Sec
onds or just long enough to turn over
the food collected on the last trip to
the proper youngster and be off again.
Myriads of gnats were dancing above
the water, and at each dip the bird
struck at one, but one could not see
whether he always caught his quarry
or not AS far as it was possible to
guess he always did. On his shortest
absence he made over forty shots, and
from that the number ran up to con-
siderably over 200.
"Supposing that he missed his aim
half the time or afterward dropped or
swallowed the insects, so that half Of
them were wasted and failed to reach
the family at home, there must have
been from 1900 to 1000 gnats brought
back to the punt in the course of that
one hour. Later in the day both parent
birds were hawking simultaneously,
each returning methodically to the
young every two or three minutes.
What the gross consumption Of insects
was In the course of the day 1t is i'm
possible to guess, but it can hardly
have been less than 10000 or $4,000
and was probably twice as many"
Danville intelligencer. [volume] (Danville, Pa.) 1859-1907, 1906-05-25
Comfy.

Mr.. EDIToR:-We have been hav
ing some very warm days the las
week. Hope we will have rain soon
Look out for the frosts that we ar,
to have yet.
Mrs. Henry Snyder is recovering
after a long Hines.
Mr.. and Mrs. Roscoe Ellis passed
through this place on Sunday.
Mr.. Luther Castetter passed
through this place on Saturday.
Bruce Smith, of Schuyler, spenr
Sunday with Harry Smith of this
place.
Samuel Elliott is hauling lumber
for his new house which is to be bull
this summer.
Samuel Snyder looks pleasant. It.
girl and guess she has come tt
live with him.
Miss Mary Mari is spending 6
week with friends and relatives al
Washingtonyllle.
Mr. Peeling, our store keeper, ii
handing out his summer wear. He i.
doing a fine business.
The corn planting season is about
over and nearly all the farmers are
done around this place.
Mrs. Lloyd Shook and daughter,
Dorothy, of Hughesville, is spending
a week with friends at this place.
Mr.. and Mrs. Lloyd Mari and SOL
Ralph, spent Saturday evening with
Mr.. William Mari and family al
Schuyler.
Danville intelligencer. [volume] (Danville, Pa.) 1859-1907, 1906-05-25
The Greatest of Rivers.

The Amazon is the king Of streams.
From first to last it receives over 1900
tributaries, of which more than 100 are
large sized rivers and rise SO far apart
and have their foods and ebbs at such
different seasons that the Amazon Is at
about the same height the year around.
At some points on its lower course one
bank Is invisible from the other. The
beholder seems to be looking on a great
yellow sea of fresh water. When dis
covered, some tribes of Indians on the
lower portion knew nothing of the ex-
istence of the opposite shore and did
not believe that it existed, saying that
"the great river flowed all around the
world" Its mouth, including that of
the Para, Is $50 miles in width, and 1t
Is navigable for large sized ocean
steamers for 1000 miles from the sea.
and so vast is the flood that the ocean
is tinged yellow for 400 miles from the
coast of Brazil
Danville intelligencer. [volume] (Danville, Pa.) 1859-1907, 1906-05-25
Exchange Pick-Ups.

Mr.. EDIToR:-This looks a little
as though we are going to have sum-
mer now.
Simon Konfer drove through town
Sunday.
Isaac Acor drove to Muncy last
Friday afternoon.
Mrs. Jane Houghton drove to
Pine Summit Sunday.
Frank Ellis and family visited at
j. w. Ritter's Sunday.
Master Ralph Acor is spending a
few days with his grand parents.
Mr.. and Mrs. Peter Rishel of
White Hall called in town Monday. :,
Mrs. Belle Acor is spending this
week among friends at Pine Summit.
Mrs. Mary Wagner and Miss Alta
Wagner visited at Stead's few days
ago.
VIM. Dildine and Guss Kleeman
transacted business at WiJliamspolt
Monday.
Mrs. Koch visited her daughters,
Mesdames Mohr and Dildine, last
Saturday.
George Mills and family visited his
parents and brother at this place Sat
urday and Sunday.
j. w. Sweisfort, candidate for AS
sociate Judge was around looking up
his friends Monday.
The Diehl carpenters are rushing
John Dennin's new house along rapid
ly towards completion.
Thomas Mohr has completed the
painting Of Kleeman's house. Tom
is all right on painting.
Mr.. j. w. Ritter is tearing down
the old Ritter hotel stand and expects
to replace it with Il handsome resid-
ence in the near future.
The farmers around here are very
busy tilling the ground for their corn
crop. Some few are done planting
and few have some blowing to do
yet. The grass and grain needs rain
and unless rain comes soon the clover
hay crop will be short.
Danville intelligencer. [volume] (Danville, Pa.) 1859-1907, 1906-05-25
ROCKEFELLER FEELS RICH
Stomach Lets Up, and OIL King Super.
intends Work on $500, 900 Castle.

iHteHuS Nork on 9oOU,UUU CaStie.
Tarrytown, n. Y, May 21.-"I
now feel like rich man." said john
ID. Rockefeller today. 81 feel better
than | have ever felt in my life. My
stomach does Tot trouble me, and
can travel about my estate with ease
aud comfort. "
The oil king was discussing with a
friend the plans for his $500, 600
castle ON kykuit, thelhighest point on
his big Pocantico Hills estate, exca-
vations for which have been begun.
Every detail of the castle was plan
ned by Mr.. Rockefeller He is very
fond of sun baths, and made feature
of the house that it be constructed so
that the sun shall shine on it at all
times Of the day. The structure will
be surrounded by an inclosed veranda,
on which Mr.. Rockefeller can enjoy
his bath.
The castle will be freproof, and
will be six stories high on the north
and three on the south. This is nee
essary, as it is built on sloping ground.
1t will be of rough stone quarried on
the estate, and will be of the Colonial
style. On the sixth story Mr.. Rookie
feller will have an observatory fIom
which he can see for many miles.