davidaulloa/AmericanStories huggingface dataset:
The San Francisco call. [volume] (San Francisco [Calif.]) 1895-1913, 1906-12-06
Declares Opinion Favors
the Stand of California

NEW YORK, Dec. 5.-The Herald
says editorially: There is not much
likelihood that Americans will indorse
President Rooseyelt's startling views
regarding the Japanese. For this rea-
son his amazing message to Congress
will certainly prove boomerang and
hurt him more than the citizens it is
aimed at. American public opinion is
unanimously in favor of California
The San Francisco call. [volume] (San Francisco [Calif.]) 1895-1913, 1906-12-06
San Francisco
Relief & Red Cross
Funds, Inc.
DEPARTMENT OF REHABILITATION

Applications Will be received from
those who can provide themselves with
permanent homes on their own land IL
given a small money grant to help
carry out their plans. The following
are the condfti0nss
The cost of the house must not ex-
ceed $3.50. of which the applicant must
pay the larger part.
The applicant must be the head of a
household, able 10 support his family
and must have been affected by the
FIRE to be unable to obtain suitable
housing accommodations mt rents with
I'm HIS means.
The house must be fitted with sani-
fary appliances as required by law.
The committee reserves the right to
deny any application.
Applicants can address letter
postal card to Housing COMMITTEES.
Cough and Geary streets, San Fran
cisco. giving name and Address. Blanks
Will be sent, which must be hlled and
returned by mail.
No applications will be received after
December 18th, 1906.
Personal calls or applications cannot
be received.
The San Francisco call. [volume] (San Francisco [Calif.]) 1895-1913, 1906-12-06
SENATE ASKS FOR
!. RRESP0NDENCE
Continued From Page 1, Column

Continued From Page 1, Column
that a month or so ago an eminent
scientist of Japan, who CHANGED to be
In San Francisco. was stoned by hood
lums while making an examination of
some of the new buildings now under
construction. He was stoned simply
because he was Japanese. The Mayor
of San Francisco and the Governor of
California both sent letters of apology.
what" asked President Roosevelt,
would happen In this country If one
of our college presidents or scientists
should be stoned In the streets of Toxic
by a mob?"
The San Francisco call. [volume] (San Francisco [Calif.]) 1895-1913, 1906-12-06
Judge Grosscup Terms
Message Cray Quilt
BALTIMORE, Md. Dec. 5.-Judge
City Has Violated No Rule
of international Law
Professor Hengstler Giues Opinion

have not been naturalized, and the Su
preme Court of the United States has
repeatedly affirmed this rule in cases
coming before 1t.
If Legislature may make valid
distinction between white children on
the one hand and Chinese or Mongolian
children who are citizens on the other
hand 1T would be difficult to see why
the distinction between schools for
white children and schools for Mongo-
lians who are not citizens should not
be valid in law.
1t must be added that besides a code
of international law there is in exist
ence code of International ethics or
morality and also a code of interna-
tional courtesy. Offenses against rules
of courtesy sometimes produce friction
between individuals; also sometimes
between nations; but whether an In
dividual. race or nation chooses to be
courteous or to what extent the indi-
vidual. race or nation may be willing
to sacrifice personal tastes, likes or
dislikes, to respect others sensitive
ness is largely a matter of discretion,
of which the law takes no cognizance.
The San Francisco call. [volume] (San Francisco [Calif.]) 1895-1913, 1906-12-06
Ouffy'S Pure Malt Whiskey


sgusane ne O"S "nSNH
Z" s = . % ~ @
ndd -
The San Francisco call. [volume] (San Francisco [Calif.]) 1895-1913, 1906-12-06

INSANE SOLDIERS GO EAsT-Captain Ruth
erford. accompanied by Sergeant Hawkins and
ten privates. departed yesterday for Washing
ton with twelve insane soldiers. who were
brought here from the Orient. The members
of the guard will each be given three moHths
leave of absence before returning.
The San Francisco call. [volume] (San Francisco [Calif.]) 1895-1913, 1906-12-06

PREMIUM NOTE ACCOUNT.
Premium Notes and 9TH
premium oblga-
lions at the beginning
Of the year.....---- So. s31. s1T.71
Premium Notes and 9TH
premium ohlga-
lions received during
the year 942. I95. -
Total ..-s4. 274,4135
Deductions during the year as follows:
Amount Of Notes and
other premium Obliga-
tons used In pavment
OF losses and claims. 800. 2S05 So
Amount OF Notes and 9TH
premium Obliga tons
used IN purchase OF sur
rendered nOlicieS 124.2IOS3
Amount of Notes and 9TH
premium Ohliga lions
used In payment OF div
fdends to Poiicyholders 502.37
Amount Of Notes and 9TH
premium obligations
redeemed by maker in
cash ................ $50. o1914
Total reduction Of Pre-
MUM Note Account .-S 500. or 40
Balance. Note Assets at end OF year SO So 34i q
ALEXANDER z. ORR. President
SEYMOUR NJ BALLARD, Secretary.
Subscribed and sworn 10 before this oath
day OF January. 1905.
JOHN E. MOONEY. Notary Public.
The San Francisco call. [volume] (San Francisco [Calif.]) 1895-1913, 1906-12-06

J. WILLIAMSON. President.
JOHN GICK. Secretary.
Subscribed and sworn to before me this 30th
day of January, 1906. WI SULIS
Vice Consul OF o. S. A. ct Liverpool.
The San Francisco call. [volume] (San Francisco [Calif.]) 1895-1913, 1906-12-06

Net amount OF Risks writ
ten during the year
Net amount of Risks ex-l
pired- during the year. :.
Net amount In force De-
cember 81. 1905. .......
The San Francisco call. [volume] (San Francisco [Calif.]) 1895-1913, 1906-12-06

OF NEW YORK. IN THE STATE OF NEW
York on the 31st day OF December. A D.. 1908.
and for the year ending that DAY. made 20
the Insurance Commissioner OF the state or
California. pursuant to the requirements OF sec
ton 613 OF the Political Code OF said state
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1906-01-04
MINING STOCKS.

Commercial failures in the United States In the
year 1905. compiled by 'Dun's Review" were
i159O in number. with assets of s5 5000 and liza
bilities of s02.66172 a striking improvement.
compared with the 1873 failures in 1904. when as
sets Ss4 1884, I6 and liabilities s1H212S11. In
every comparison the figures for 1905 are more
satisfactory than those of the previous year Thus.
in manufa curing operations there 2.T26 fail
ures, against 284S while liabilities 81 25269.
against So 473: trading failures numbered $40
against sS9S, and liabilities 500. COM
pared with S64. 429 ga. other commercial failures
such brokerage. real estate, insurance etc. not
properly included in the two principal divisions,
319 in number and S. 90 in amount against
453 failures in 1904. when the liabilities s26.-
s22194 This is the most striking decrease in
of liabilities, and is partly due to the Bal
timore fire in the previous year, although the de-
creases were also large in other sections Of the
country, notably Network, Massachusetts and Il
linos. In addition TO the commercial failures there
were seventyeght suspensions of banks and other
fduciary institutions. with an aggregate defaulted
Indebtedness of Societies., against ninety-nine IN
the previous year for s2S,15SS11-
The classified statement for the year compares
as follows with 1904:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1906-01-04
WALL STREET AND EXCHANGES.

FOREIGN TRADING-Foreign houses sold % 0o)
shares in the local market. In London there was
little change in the government issues. while the
conner shares were weak. Money was in fair de-
mand while the inquiry for gold in London for
outside account continued. The markets the
Continent were irregular and without important
features
MARKET GOSSIP-Metropoltan issues made a
weak showing although OF the popular bull
points was to buy Metropolitan Securities and
sell the new stocks when issued" The prob
ability is that there is strong underground
opposition from holders of Metropolitan. who
not willing sacrifice one guarantee without get
ing another The heavy tone in United States Steel
in London was responsible for the early recess
sion here. rather widely circulated error ad-
a little buying. but such orders were Immediately
withdrawn when II that the arbtrage
houses were selling. Anaconda is unquestionably
scarce as the arbitrage houses are borrowers. The
certificates dealt in in London not good de-
livery here. and premium Is likely TO be
paid for the of the stock es. .,cially when
money rates off. the transfer books do not
reopen until January Is With the present rate for
money any large holder would be glad TO lend stock
until the English certificates could be converted.
that the corner is rather nominal. For the first
time in a considerable period traders associated
the buying of American Sugar with the Standard
Oil interest Pearl & Co. and Rutter & Gross
were conspicuous buyers in the three point rally
II is asserted that Morgan brokers gave out
OF The buying orders i'm Southern Railway There
has been a bull point the stock circulating in
such quarters for the last day two. This seems
much more likely to make good when the money
rate low enough to encourage speculation by the
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1906-01-04
IRON TRADE PROSPERITY.


The volume of business done in nearly all ne
has been much larger than is usual in the hoIudS
season. and tire industry enters the new HSats
under tremendous pressure. In the PlttSburg as
trict negotiations still progressing between ~.
merchant furnaces and the Steel Corporation Ii,'
latter interest is on the of closing for COZ
oJirernents thus far unprovded for for the Easter.
plants for the first half of this year The eaaIlIs
makers of foundry and forge iron in the SchuSL-
kill and IehiCh valleys have advanced their prlcS5'
% cents a ton and have effected sales IT the az
vance In Chicago and Cincinnati there IS II,
sales of maleabe Bessemer in the former diStElSS.
The cast iron pipe interests buying botn IN tIo
East and in the Central West. Cincinnati not'n'
an inquiry for 1900 tons Rail makers report au-
litonaI orders. the largest this week being 10,
Is 600 tons for the Oklahoma Central It IL ne"
defnitely announced that the Baltimore & Ofio
order negotiated some time since is for 11C0 tons
Bridge builders active. The largest tOnnt.se
placed during the week - that o. the bridges lot
the Northern Paci1c which calls for -0-0p tons
and includes the structures over the Columbia any
willamette rivers How heavy has been the otSl-
ness OF the year just passed is indicated by th5
fact that the American Bridge Company booze
during 1865 an aggregate of $4,000 tons The ca
pacty which enlarged during the year. is n0N
placed at close Tj0i>Sl tons. Bridge builders
tTict have during the last week contracted 10y =
large amount of structural material and plalee
for delivery this year. to apply To torthcoHIlesi
work During the last few weeks the German seer
Syndicate has sold 20OOO tons additional Of Struct
urai shapes making the total since tne TccVe:nl.
business in The same lire done By represcrtatlySS
of BePian mills The German syndicate has az az,
vanced the price 10 & c. l. f. equal to about ~
cents q pound duty paid New-EoTk.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1906-01-04

FOREIGN MONEY MARKET.-Call money in
London 2d3 per cent. Open money discount rate
for short bills 1116d3a4 per cent; long bills. S1l-l6
03s, per cent. Berlin discount rate. 3's per cent
Berlin exchange on London. % marks 43 pfennlss
paris discount rate per cent. Paris exchange on
Iordon q francs II confines. Bar gold in London
was rs 105sd.
FOREIGN sECURITIEs.-Brit consols for
money. SO 3-16. for the account SO 7-16. French
rentes 80 francs 27ia centimes.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1906-01-04
CURB MARKET TRADING.

Speculation in the market for outside securities
was on moderate scale. although in fe~ o.
the mining stocks there was considerable actiV-'y
Hecviness developed almost from the opening 1l'"
continued with little Interruption Throughout II
terbcroush RAND Transit broke a point ut tha
opening but subsequently, rallied 2is. Star1srd oi'
was off a few points. American can stocks We'e
easy American Writing Paper preferred improves
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1906-01-04
Rankers, posted rateg were as follows:

DOMESTIC NEUTRALITY-SUSPICIOUS. eans-Com-
rnercial 75c discount; bank 81 premium, San Fran
cisco-Sight par telegraph. &c. Boston-5c and l0c
discount and par. Chicago-15c premium. Charles
tor-Buying par: selling, lilo premium st. Louis
Joe discount bid: par asked. Ctncinnati-Par.
savannah-Buying. JOc discount; selling. 75c dis
count Minneapolis-S0c premium
BANK CLEARINGS. = New-York = Exchanges.
$685. S44 s97: balances s25.622 145. Phadephia-Ex-
changes 81 232: balances. S. SsS 40 Boston-Ex-
changes s48 4OO36; balances, &.S36SSo. Chicago
Exchanges s526as635; balances, ss.G27.3So Bati-
morc-Exchanges S7.sH. 0S6: balances $S3,962.
SILVER MARKET-Bar silver. $40 Mexican
silver dollars soc. Bar silver closed in London at
sod.
GOLD PREMIUNf-In Madrid 2517: Lisbon 500
MEXICAN OBSERVATION-DISCLOSURES exchange on
New-York is quoted at 1879
GOVERNMENT NEUTRALITY-SUSPICIOUS. receipts
reported from washington. $940,S1; internal reve-
nue. receipts s2l2e60 miscellaneous receipts. $751;
27s Receipts for the day Sl,2&644; expenditures.
81 10000 Receipts for the month TO date. $557126:
expenditures 5000; excess Of receipts 1867 126
Receipts the fiscal year TO date. SS046916i;
pendtures, $S6.n26O4; excess Of expenditures So
2434t0
SCB-TREASURY.-T7e Suo-Treas4ry debtor
to the Clearing House S7s5,5l7.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1906-01-04
STOCKS CLOSE LOWER.
HIGH HONEY RATES BEGIN TO AFFECT PRICES
CU Funds Touch 80 Per Cnt-Reodng Strong

firm, but according to cable dispatches senti-
Enent in the foreign capitals was much more OPP
tfmistic than it recently has been over the out
lock in the money market, this Improvement
doubtless being due to the more encouraging
advices from Russia. There is still good de-
mand for gold in London. and it is quite probable
that soon as money rates in New-York decline
to normal level the inquiry for gold at the
British capital will be shifted to the United
States Gold to the amount of S1,5O0,000 was
engaged in New-York yesterday for shipment
to South America, probably for London account.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1906-01-04
COPPER STOCKS SMALL.
SECURITIES AT AUCTION.

The following securities were sold yesterda!
auction at the Exchange Salesroom by Adrian
Muller & Son:
s.. 900 Lake Shore and Michigan Southern Rail
way Company fTst mortgage I5t I 81 per f sem
$4,000 Ne New Central and Hudson River Rail
cent registered bonds due 1895 Interest
s ooo Ts sGaq5 Erie ana and western Railroad first mort
gage 5 per cent bonds due 1881 Interest
COO Ee Ra na 'u Grs consolidated mortgage
per cent bonds. due 1920. Interest March
$4,000 chesapeaEe and Ohio Railway first conso-
dated 1a Ffa assrest psT Mae cent and
$4,000 Chesapeake and Ohio Railway general mort
interest March and september.
$4,000 Evansville and Indanap9ig Rail5oad guar
anteed by Evansville and Terre Haute HaIt-
road first mortgage 6 per cent bonds que e,
o 1874 Interest Janqary ana July crol,aste :
per cent bonds due 1e16-1941. Interest jan
5000 Vas %ayhi nna Water Power Company spon
first mortgage per cent bonds. due 1873.
$4,000 Rings county Electric Light and Power
Company purchase money per cent bonds.
s. 900 Illinois Steel Company United states Steel
Corporation debenture per cent bonds. due
1916 Interest January and July --...-.-. !
2 shares Coal and Iron National Bank 800 Z
5000 tennessee Coal and Iron Company Ten
nessee Division per cent bonds. -
$1,000 Delaware Laekawanna and Western Rail
road per cent bonds. due OH.
10 shares Hanover National Bank -.-.-.--
10 shares Equitable Trust Company .-.----.
5000 Middletown PENN Gas Light Company %
year per cent gold underlying bonds. due
1927. Interest May and November ---.-.--
10 shares Mount Vernon Trust Company
5 shares United National Bank ----.-..-.-...
10 shares United States Mortgage and Trust
Company -.--.-.---
5 shares First National Bank .-.-.---:
30 shares Westchester and Bronx Title and
Mortga9e Guaranty Company. ..---
26 shares Lawyers Title Insurance and Trust
Company -.-..--
% shares National Park Bank .....---..-....
SIS 600 Berwick PENN first mortgage 3 per cent
25-year gold bonds due 1923 Interest jan
uary and July. .--.-....-.
100 shares Union Exchange Bank ........-....-
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1906-01-04
Banks.
AUCTION .SGIeS-FinanciGL.
.NnRrw J. McCoRMAok. AucrIoNEER.

ANDREW j. MCCORMACK. AUCTIoNEER.
aDPItE H MULLER &c son Will sell auction
THURSDAY. JANUARY 41H. 1905. at Y o'clock M. az
Saiesroon.. NOS - and 10 Feseg Street
Sew YoTx City for account Of whom & concern:
m shares value 500 share Of the capital Stock
% tte fischer Motor Yehcle Company
1.ters rk..ent the United States numbered 5eo2si
701si5 T14020 51402I, 1856. 1926 ISJz3I
790I0i. TsGs7G 7s6775 subject . certain license;
NJ certain contract fCr the use OF said
tents entered between the Fischer Motor Vehicle
Company and the St Louis CIR Company on the 10Th
O. March. 1865.
particulars may be had and collateral at Che Of
Rounds. Hatch Dillingham; * CebeYoise
No e. Ceasr Street, Now York CT.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1906-01-04
PIG IRON CERTIFICATES.

Quotations for regular at the IL a. m and 1:40
m. calls yesterday compare with the final prices
Of Tuesday as follows:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1906-01-04
FAILURES.
AMERICAN SECURITIES ABROAD

London. Jan. 8, p. m.-The market for AInerf-
securities irregular the greater part Of the
day. closing firm. Last quotations follow:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1906-01-04
MONEY AND EXCHANGE.

MONEY MARKET.-Money call opened at 70
per cent highest. 90 per cent: lowest. per cent:
last loan 10 per cent; close 10G15 per cent ruling
rate % per cent Time money was quoted at 6a7
per cent for thirty to sixty days and per cent
for three four, five and six months Commercial
naper was quoted at per cent for sixty to ninety
DAYS and per cent for four to six months
FOR EICN Observation-Disclosures closed steady
Actual closing rates follow:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1906-01-04

Quotations for foundry at the IL a m. and 1:4O
.. m calls yesterday compare with the final prices
IL TUESDAY as follows:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1906-01-04
GOVERNMENT BONDS.

The following shows yesterdays closing quota
lions for government bonds. compared with Tues
days:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1906-01-04
COMMONWEALTH CFIRE) ms. co. OF NEW YORK
81 William St. Jan. 2. 1905
UEHE DIRECTORS HAVE DECLARED;

DIVIDEND OF THREE PER CENT and an EXTRA
DIVIDEND OF THREE PER CENT upon the Capital
Stock. payable demand after Jan. 8. 1905
FIVE PER CENT Interest upon the outstanding
Scr.-, after Feb. 20. 1908;
TWENTY-FIVE PER CENT IN Scrip the Partici-
patng Policies expired in 1902 Certificates for which will
be issued on demand after May IS 1908;
The outstanding Certificates Profits Scrip the
issue Of 1901 will be REDEEMED paid demand
Feb 20. 1906 Further interest thereon will
whether presented for redemption not The
be produced time Of and
celled-
Ths stock Transfer Books remain closed the
Sth instant. JOHN NJ DAGGETT. Secretary.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1906-01-04
COLUMBIA BANK

Fifth Avenue and Forty7-secoad Street.
New York. January 2nd 1906.
THE ANNUAL MEETING OF THE SHARE
holders OF this Bank for election OF Directors for
the ensuing year Inspectors
Election for the following annual election
be the Banking House Tuesday. January
9Th
The polls win be open from II NJ until 1 P NJ
". s GRIFFITH
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1906-01-04

THE AMERICAN TOBACCO COMPANY.
New York. January g. 1906.
NOTICE IS HEREBY GIVEN THAT THE
transfer books oe registered four per cent gold
bonds Of Tobacco Company at 3
O'Clock P NJ. January 10 1906 for the purpose the
payment thereon February Said
transfer will reopen at the opening
LIS -- ]. n " HICKS. Treasurer
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1906-01-04
Dividend Notices.
UNITED COPPER COMP ANY

The United Copper Company. having set aside out
O earnings for the year 1905 the entire
necessary for the of the regular dvi
dend the preferred stock during the year 1906 l6
amounting SS0o,o00( has declared regular
terIy dividend L @ its common stock and
dividend OF zf payable January 3lst 1906, TO
stockholders OF record January sth. 1906
Transfer books close January Sth. 1906. az
o'clock P. NJ and reopen February 1st, 1905. at 10
o'clock 4. NJ
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1906-01-04
FAILURES IN 1905.

e.10O total So les
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1906-01-04

L SOS, $50 Total sales for the day. unlisted
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1906-01-04

III. 200 total sales.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1906-01-04

The following securities were sold yesterday a.
auction at the Exchange Salesroom by Adrian H
Muller & Son:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1906-01-04
Closing prices Of chief active bonds dealt in

'Unlisted. TEX dividend.
The watchman and southron. [volume] (Sumter, S.C.) 1881-1930, 1906-11-21
OIL TRUST HARD HIT.
RCCKEFELLER.S FORTUNE RE-
DJCED SIXTY-F1VE MILLION
DOLLARRS.
The Efforts of Federal Government to
Break Standard Oil Trust Has
Caused Shrinkage of Stock Values
and Oil Panic Feared.

New York, Nov. 14.-Attacked by
the federal government the market
value of Standard Oil stock has
shrunk within the year s125,000, 900.
The stock reached the lowest point
today in years. The slump has caused
Rockefeller's pile to wither s65,000,-
600.
Wall Street fears the efforts Of the
government to break the Oil Trust
will cause Standard Oil to hammer
all stocks to show the administration
that the Standard Oil suit has de-
pressed business
Small holders are selling stock,
fearing the government would deal
the trust death blow. a prominent
broker today declared the situation
to be a rich mans oil panic.
The watchman and southron. [volume] (Sumter, S.C.) 1881-1930, 1906-11-21
NEGRO BANK CLOSED.
Workingmen's Savings and Trust
Company of Greenville Is Under
Investigation.

Greenvilie, Nov. 13.-The following
notice was posted in the doors Of the
Workingmen's Savings and Trust
Company today:
'.This bank closed for the day pend
in gan examination Of the State bank
examiner"
This notice did not cause much
comment on the streets today, after
the news had gone the rounds. No
one seemed especially interested. All
seem to have faith that everything
will come out ell right.
The Workingmen's Savings and
Trust Company was organized about
six years ago. Something over s14,-
900 has been paid in as capital. It is
the only institution in the State that
is entirely differed by negroes and
all of the depositors are negroes.
Mr.. Lee G. Holleman, State bank
examiner, and Mr.. B. J. Rhame, his
assistant, have been in the city for a
week or more Investigating the con-
dition Of this institution, and as a re-
suit of their findings, the above no
tice was posted and the doors were
closed.
Mr. Holleman was asked today for
some sort of statement, and he re-
Piled that he had nothing for publica-
ton, only that the bank had been
closed pending the examination,
which will be finished in few days,
and then a statement concerning the
institution will be published.
J. o. Allen is the president, B. F.
Mcdowell, president, and A. B.
Davis is the secretary and treasurer.
All Of these are recognized as good
negroes and it is believed that if there
be a shortage in the bank that it is
due to bad management and bad
bookkeeping and not due to any
fraudulent dealings.