davidaulloa/AmericanStories huggingface dataset:
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1907-03-14
Live Stock Market.
Naval Store.

wilmington N. c.. March 1S-spirits
turpeutins, nc: racsiptk 7 casks, Rosin
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1907-03-14
$1o,S36,391.7e

OFFICERS-w. p. G. Harding, Presi
J. II. Barr. Vice President and Cashier;
Foster, Assistant Cashier; Thomas Bowr
DIRECTORS-W S, Brown, r. II. Mo
Jem1son, e. M. Tutwiler Erskine Ramsa
Walker Percy, J. II. Barr, ]. H woodward
w. H Woodward. NJ. v. Joseph, John L. /
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1907-03-14
$s,31o,524.o5
$1o,s36, 1919

dent; ]. II. woodward. Vice President;
A r. Forsyth, assistant Cashier; h. 8.
'on. Assistant Cashier.
lton. f. ID. Nabers, B. f. Moore. Robert
Y, w. p. G. Harding. w. III. Hassinger.
I. william NJ. Walker culpepper Exum.
iaul
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1907-03-14
Money on Call.

New York, March 13.-Money on call
strong and higher, 4d15 per cent; ruling
rate. Z; closing bid, 3lh; offered at 5; time
loans very strong; sixty days, per
cent; ninety days, nominally 6Ik; six
months, 6.
Prime mercantile paper. 6d6h per cent:
sterling exchange weak, with actual bus
mess in bankers bills at asa. 151 1920 for
demand and at 479. sO6479. SO for sxty-day
bills: posted rates, 1901 and 4s5. Com
mercial bills, 4S01s. Bar silver, 63ss. Mex
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1907-03-14
GENERALIZATION
SEXES MARKET
Stocks Are Ratified Down With
Startling Violence
BANK CREDITS WITHDRAWN
Alarm for Adequacy of Available Sup
plies of Money Acute In New
York, London and
Berlin.
BANK CREDITS WITHDRAWN

New York, March 13.-The stock mar
ket was shaken into decentralization to-
by a course of liquidation which
~ violence and precipitation had not
equalled in New York for several
-is past. The overwhelming outpouring
stocks came as a general surprise as
oensive progress was shown to have
4l already effected in the necessary
Hidation to meet the present situation.
This supposition had been fostered by
action of the market for several days
- but apparently the exigencies of
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1907-03-14
Queen and Crescent Route.

Arrive from part to-
Richmond ..10:10 pm Richmond 500 am
Richmond IL :01 prnl Richmond =. 2.25 pm
All trains run by central time. Trains
marked thus 90 are daily except Sunday.
Pullman herald. [volume] (Pullman, W.T. [Wash.]) 1888-1989, 1907-08-17
This Special Display

Is worthy of your careful consideration. The price is
unusual concession and cannot be duplicated elsewhere.
Special efforts please your purse and gladden. your feet
Pullman herald. [volume] (Pullman, W.T. [Wash.]) 1888-1989, 1907-08-17
Marvellous Shoe Selling

Values forgotten to make this sale record breaker. All
feathers and sylesa grand assortment of the best Shoes
made. Ifyou have feet you may need Shoes Never be-
fore has stock been complete SHOES for everybody
The Caucasian. (Shreveport, La.) 1900-192?, 1907-04-11
POSTAL SERVICE
Over the Louisiana Railway and Navi
CATION Company.

The Picayune's Baton Rouge special
of April 10 says: The authoritative an
nouncement was made today that the
Postofice Department had concluded ar
engagements with the Louisiana Railway
and Navigation Company for mail serv
ice over that road between New Orleans
and Shreveport. This mail service will
be inaugurated on Sunday, when the
first through passenger train is run over
the Red River Valley road, both the
train from Shreveport running south
and the train from New Orleans run
ming north carrying mail pouches. This
announcement means much to this sec
ton. The present mail service between
the capital city and the nortern part of
che State has been very bad, owing to
the fact that the mail had to cross the
river and be carried TO the Baton Rouge
Junction to catch the Texas and Pacific
train for the north. This, of course
necessitated an early closing of the mails
for the northwestern portion of the
State. The Inauguration of the mail
service on Sunday over the Louisiana
Railway and Navigation Company's road
will give good mail service to that sec
ton, as will the through trains give a
splendid passenger service.
The Caucasian. (Shreveport, La.) 1900-192?, 1907-04-11
SUCCESSION SALE

No. Io,2SI-In the First Judicial District
Court of Caddo Parish, Louisiana
Succession of William and Patsy
HILL
By virtue of a commission to sell, to
me issued in the above numbered and
entitled succession, by the First Judicial
District Court of Caddo Parish, Louis
lana, | will offer for sale at public auc-
ton, for cash, according to law, at the
principal front door of the court house
Of Caddo Parish. Louisiana, during the
legal hours for sales. on
SATURDAY., MAY IS, 1907.
Lots seven and eight & and 81 as per
map of lot one CD of the northeast
quarter of northeast quarter of section
IS, township Is, north, range IA west
(Cutliff Subdivision, Shreveport, Lao
Said property to be sold for cash, ac-
cordng to law, for the purpose of pay
ing the debts of said succession
J. P. FLOURNOY,
Sheriff and ex-Officio Auctioneer
Caucasian, April II, 1907.
The Caucasian. (Shreveport, La.) 1900-192?, 1907-04-11
CHARTER
OF THE RED RIVER LAND AND
LIVESTOCK COMPANY.

State of Louisiana, Parish of Caddo
Be it remembered, That before me, John
d. Wilkinson, a Notary Public, duly
commissioned and sworn, for and within
the Parish and State aforesaid, per-
sonally came and appeared E. w. Ham,
tier, resident of said Parish and State ::
E. E. Parramore and F. w. Paramore,
residents of the City of St. Louis and
State of Missouri, who stated and de-
clared to me, Notary, that availing
themselves of the Constitution and laws
of Louisiana, they have formed and con-
stituted themselves, and do by these
presents form and constitute themselves,
as we'll as such other persons as may
hereafter become associated with them,
into a corporation and body corporate
under the name and title and for the
purposes hereinafter expressed, and
have adopted as their charter and act
of incorporation the following, to-wit:
ARTICLE I.
The name and title of this corporation
shall be the RED RIVER LAND AND
LIVESTOCK COMPANY and its
domicile shall be at the City Of Shreye-
port, in the Parish of Caddo, Louisiana,
and under its corporate name If shall
have and enjoy the right of succession
for period of fifty years, unless sooner
dissolved as hereinafter provided
ARTICLE II.
The purposes for which this corpora
ton is established and the nature of the
business to be carried on by it are de-
clared to be, to purchase, own, cultivate,
sell and mortgage or lease land in the
State of Louisiana. and in the State of
Arkansas; to buy, hypothecate and sell
timber and timber lands and in connec-
The Caucasian. (Shreveport, La.) 1900-192?, 1907-04-11
He Had Another Doctor.

Pierce Jay. the commissioner Of
banks Of Massachusetts, at the Ameri-
can Bankers association in st. Louis
advocated a better accounting system.
But. above ALL said Mr.. Jay in a
discussion of his idea. I'VE want intel
ligence If embezzlement Is to be thor
oughly put down. Systems are good.
but intelligence is better, and in cash
iers and tellers and bookkeepers and
note clerks we want the same keen.
quick intelligence that characterized
old Captain Hiram Cack of Gloucester
'Cack lay very ILL.,. One day he got
downhearted. feeling that his case was
hopeless.
"I fear, DOCTOR he said, there isn't
much hope for me-
"'Oh. yes, there is,' the doctor an
swered. Three years ago I was in
your condition precisely, and look at
me now
"Cack. intelligent and alert. said
quickly:
"'What doctor did you have?"
The Caucasian. (Shreveport, La.) 1900-192?, 1907-04-11
Paying In chureh-Two Views.

A Jewish clergyman in Brooklyn.
writing about people who habitually
attend services at the synagogue with
out contributing toward its mainte
nance, calls them moral parasites"
and describes them further as ''individ
uals whose religious life steals Its sub
stance from Others" He says there
are women parasites" also and that
he has known women ''to beat or steal
their way through their religious life"
In the course of his letter he refers to
them as "avaricious," congregational
parasites" moral degenerates," etc.
and says that 1.-The race should come
under the ban Of human contempt"
This Is In strange contrast with IL
clergyman of the same denomination
who writes: There are thousands of
Jews who become estranged from their
faith because Of the new system. In
the free synagogue there will be no
pews and no assessments. 1t will be
free in everyssense OF the term."-New
York Tribune
The Caucasian. (Shreveport, La.) 1900-192?, 1907-04-11
THE BOOK OF PSALMS.
Best Known Because 1t Appeals to
Common Religious Feeling.

Best known Because IL Appeals TO
Common Religious Feeling.
The book Of Psalms is perhaps the
best known book in the world. Ne
other portion of the Bible speaks to us,
as it were, with more familiar voice,
says the London Spectator. 1t has an
intimate and almost homely charm
which commends it at once to the af-
fections. Critics and tEeologians have
discussed in endless volumes its origin,
its Interpretation or it's authority, but
neither comment nor controversy much
affects the countless multitudes who
love the Psalter Men do not come to
it with curious intellects, but with
yearning hearts. What they seek In 1t
is not learning or instruction, but COM
fort, consolation and some confidence
Of hope. 1t is to the sorrowful, the af-
1icted and the despairing that these
sublime yet simple hymns make their
constant and irresistible appeal. And
they do so; they go home so to the
heart because they come SO directly
from the heart They have that in
spirat ton which is not less divine be-
cause il seems for the most part hu-
man, because 1t seems not SO much a
message communicated from without
as an outfiowing from the deepest
springs Of being or revelation OF
thoughts written on the heart itself
by the very finger Of God"
Their words, in fact, touch us So
nearly exactly because they are SO nat
ural. The writer's are subject to hui
man weaknesses. They often exhibit
the fierce passions Of their age or
form narrow conceptions Of Jehovah
or seem to look only for temporal
promises, and vet their very failings
only bind them to us with a closer
bond and place in clearer relief the
wonder Of their strength the perpetual
marvel of their faith. For the stead
fastness and sureness of their faith is
indeed q true marvel. They walk in
darkness, but have no doubt, and amid
dangers, but are without fear. They
shall put their trust in the Lord, shall
be even as the Mount Zion, which may
not be removed. but standeth fast fos
ever" Such is the continual burden Of
the psalmists.
That Jehovah is merciful, loving and
righteous and that as their fathers
put their trust In him and were not
COMPOUNDED" even so also 1t shall be
with themselves is the firm foundation
of their simple creed, as it must every
where and always be the foundation
of all creeds, however complex: and 1t
Is just, we believe, because Of this sin.
gleness, this simplicity of thought that
the influence of the Psalms is SO uni
versal They make their common ap
peal to all minds because they dwell
almost wholly on those basic ideas
which underlie not one particular be-
lief only. but all religious beliefs that
have risen above the stage Of super
Stition.
The Caucasian. (Shreveport, La.) 1900-192?, 1907-04-11
SALE OF SCHOOL LANDS.

State of Louisiana, Parish of Caddo
By virtue of an order from the Honor
able Paul Capdevielle, Auditor of Public
accounts of the State of Louisiana to
me directed, will sell at public auction
at the principal front door of the court
house, in Shreveport, La, on
SATURDAY, MAY II, 1907,
between the legal hours for sales, to the
highest bidder, section 10, township FL,
north, range IS west, in Caddo Parish,
Louisiana
Terms: Said sale to be ma lie subject
to appraisement, and in no event for a
less sum than the appraisement, payable
on credit of ten years, as follows, to-
wit: Ten per cent in cash and the bal
ance i'll nine annual installments, the in
terest to be paid on the whole amount
annually at the rate of eight per cent per
arnum. The notes to be made and Sc
cured by special mortgage on the land
sold and personal security in solido as
the law directs.
c. E. PERRONCEL,
Parish Treasurer
The Caucasian. (Shreveport, La.) 1900-192?, 1907-04-11
The Story of . Suicide.

Cleopatras obelisk, Familiarity known
as "Cieopatra's Needle" which stands
on the Thames embankment, in Lon
don, has witnessed many strange
scenes. In the last few years would
be suicides have found it's steps, which
are partially covered by water when
the tide rises. favorable place to car
ry out their Intentions. 4 pathetic
scene was witnessed by Sunday morn
ing pedestri.s.s along the embankment
a short time ago. when six or seven of
London's stalwart policemen utilized
the rope of life belt which hung on
the embankment wall to haul, feet
foremost, up the stone steps of the OBJ
eiisk "a victim of the murky Thames
who proved to be a remarkably hand
some and well to do woman. Evident
~ she had misjudged the depth of the
water. for when the cape which had
been tied around her head was loosen
ed her death was found to have been
caused by suffocat4n in the mud and
not by drowning.
The Caucasian. (Shreveport, La.) 1900-192?, 1907-04-11
Caucasian, April 9, 1907.
ESTRAX NOTICE
Parish Treasurer

Taken up by w. H. Harrison about
northeast of Rodessa, Caddo Parish, La :,
one dark bay horse pony, about 5 years
old, about "A hands high, roam tail, white
face extending down over the nose, both
hind feet partly white; branded on left
shoulder with Q, and on left thigh with
Spanish brand not legible, and strayed
before w. 0, Owens. a Justice of the
Peace, Ward One, Caddo Parish, La.
The owner will come forward, prove
the property and pay charges or the ami
NAL will be sold at Rodessa in Ward
One, Caddo Parish, La, on the nth day
of May 1907, as the law directs
w. o. OWENS,
Justice Of the Peace
Anril n 1907
The Caucasian. (Shreveport, La.) 1900-192?, 1907-04-11
ESTRAN NOTICED

Estrayed by r. T. Sharp, near Blan-
.hard. before the undersigned authority
one black COW. no marks or brands
about 6 or ! years old.
The owner will come forward prove
property and pay charges, or the COW
will be sold at r. +. Sharp's farm, as
he law directs. on the 18th day of May,
1907. WE. WATSON,
April H. Justice of the Peace
The Caucasian. (Shreveport, La.) 1900-192?, 1907-04-11
HESSIE MAXEY BURIED.

he unfortunate young woman who
died i'll the Hospital Tuesday morning
from tile effects OF cocaine, was given 4
Christian burial yesterday afternoon
Preceding the interment, which was III
Greenwood cemetery, service was held
in Warnings parlor, in the presence OF
The father and the sister and other rela-
tives Of the deceased and severa
friends. The remarks by Rev. DIR. SmItis
If the Presbyterian church were soul
fully impressive and moved to tears
hose who heard him. His words were
terrifying with the hopeful inspiration
Drawn from the example Of repentant
Magdalen. In paying this last tribute
20 the deceased, the relatives did all that
they could do for the frail victim who
vas dear to them In this death and
burial is a moral which is stronger than
I written or spoken sermon.
The Caucasian. (Shreveport, La.) 1900-192?, 1907-04-11
ROOSEVELT'S INDIGNATION.

Monroe Star: President Roosevelt
Indignation may boil over and permeate
The whole country. but it does not
mount to anything. Harriman's letter
stands, as it is based upon facts De
lunciaton OF Hartman does not destroy
those facts. RooSevelts denals do moi
leny; his explanations do not explain,
nor do his denunciations Of the railroad
magnate vindicate Roosevelt
The Caucasian. (Shreveport, La.) 1900-192?, 1907-04-11
Einancler Passes AWAY.

New York, April 11-John Henry
Clews, member of the banking firm
of Henry Clews & Co. is dead after a
long illness. Mr.. Clews was fifty-one
years old. a native of Dunkirk, N. Y,
and member of the Stock Exchange
since 1890. He is survived by a widow
and one daughter.
The Caucasian. (Shreveport, La.) 1900-192?, 1907-04-11
FRUITS AND NUTS.

APPLES-Per bbl: Ghoice $500:
fancy $4.25.
ORANGES-Per Sos: California ma
wells $3.ooa325.
LEMONS-Per box $5.5oa6oo.
WALNUTS-Per Id. California 1861
Naples Isc.
PEANUTS-Raw hand picked pc:
lb, 7asc; &c higher on all grades roasted
RAISINS-London layers. new crop
$I.ooa2oo.
PECANS-Per Id. Texas 2oss
ALMONDS-Per lb zoe.
BRAZIL NUTS-Per Id. I8c.
COCOANUTS-Per 100 $3.25.
CURRANTS-Per pkg. 1864
The Caucasian. (Shreveport, La.) 1900-192?, 1907-04-11
SUCCESSION NOTICE
Justice Of the Peace.
April 9, 1907.

No. Io,IS6-First District Court, Parish
of Caddo, State of Louisiana: Sue
cession of A. A. Erickson.
Notice IS hereby given that Auguste
Erickson, Administrator, has this day
tled his final account in said succession
and unless opposition be made thereto
within the time specified bl law, the same
will be duly homologated as prayed for.
Witness the Honorable T. F. Bell,
Judge of said court, this the 23rd day OF
March 1907.
F. A. LEONARD,
March "A. Clerk.
The Caucasian. (Shreveport, La.) 1900-192?, 1907-04-11
WATSON ELECTRICAL SUPPLY
COMPANY.

There will be meeting of the stock
holders, on Thursday, April nth. at 3
pm, at our Office.
WATSON ELECTRICAL SUPPLY
COMPANY.
Ivie M. Watson, Pres. & Mgr
The Caucasian. (Shreveport, La.) 1900-192?, 1907-04-11
CHICKENS AND EGGS.

CHICKENS-Per doz: Hens $4.ooa
$3.50; fryers $3.soa4.so; broilers S2ooa
$50.
TURKEYS-Perl b. 21-ac.
GEESE-Per dozen $4.soa5.oo.
COCKS-Guineas and culls $2.oo
DUCKS-Per doz. 5000.
EGGS-Per case S3.so.
The Caucasian. (Shreveport, La.) 1900-192?, 1907-04-11
THOUGHT TOBACCO.
Both Eyes Blown Out, Nose Flattenec
Out and Scalp Torn.

Tonawanda. Pa, April 11-Mike
Voraki, laborer, picked up on the
street pipe which appeared to be
filled with tobacco and he lit 1t. I'm
mediately there was terrific explo
sion and both eyes were blown out
His nose was fattened out and the
scalp partly torn off He will die
The Caucasian. (Shreveport, La.) 1900-192?, 1907-04-11
Wheat and BYE.

Washington, April 1.-THE crop re.
porting board of the agricultural de,
partment reported the condition of
winter whea and rye up to April to
be as follows: Wheat, 89.9. and rye
~.
The Caucasian. (Shreveport, La.) 1900-192?, 1907-04-11

The quotations are revised carefully
and are correct.
HOG PRODUCTS.
BACON-Clear rib sides TIC; dry
salt 10 I-2c.
HAMS-Per lb. 15c.
LARD-Per h., tierce compound
&C; pure lard TIC.
The Caucasian. (Shreveport, La.) 1900-192?, 1907-04-11
SUGAR AND MOLASSES

SUGAR-Standard grasulated S ,-4c;
choice yellow clarified 3-4c
MOLASSES-Choice csc; prime 28c,
common I8c; pure sugar house zoe.
The Caucasian. (Shreveport, La.) 1900-192?, 1907-04-11
DR.. E. G. ALLEN.

The Caucasian has been requested tt
announce that DR.. f. G. Allen has re-
sumed the practice of his profession.
Office in the Cooper building.
The Caucasian. (Shreveport, La.) 1900-192?, 1907-04-11
"Crumbs of Comfort's

and appetizing crumbs too, are those
falling from our superior Bread and
Cake. There's home relish" about
the taste of both that appeals to all low
plenish that Cake-b box now and you'll
then acquire the habit of calling on US
for all your Bread stuffs. Being best
quality it is cheaper in the long run.
The Caucasian. (Shreveport, La.) 1900-192?, 1907-04-11
BREADSTUFFS.

FLOUR-Per Dbl: Best patents $3.50;
half patents and straights $500; extra
fancy $4.25.
CORNMEAL-In sacks $3.50.
CRACKERS-Per ID. A B c &c;
creams Sc.
RICE-New Louisiana q to 7 I2c.
The Caucasian. (Shreveport, La.) 1900-192?, 1907-04-11
INSURANCE.

When you want meney, fire insurance
bonds, life insurance, real estate, acct
dent insurance or building and loan
stock, see w. C. Agurs, in the Cooper
building.
The Caucasian. (Shreveport, La.) 1900-192?, 1907-04-11
DAIRY PRODUCTS.

BUTTER-Country, good to choice,
I5c; fancy creamery $50; lib. blocks
3Sc. 2
CHEESE-Daisy, per lb. 10 I-2c; lib
cuts 10 I-2c.
The Caucasian. (Shreveport, La.) 1900-192?, 1907-04-11
ESCULENTS.

ESCULENTS.
CABBAGE-Crate western S.. soa2. IS
ONIONS-Per bushel $I.25.
POTATOES-Per bushel 75aSoc.
NAVY BEANS-Per lb. 3I-4a3e.2ss
KRAUT-Half bbls. $225.
The Caucasian. (Shreveport, La.) 1900-192?, 1907-04-11
EEEDSTuFFS.

FEEDSTUFFS.
CORN-Per bushel Coo.
OATS-Per bushel SIC.
HAY-Per ton: Arkansas $ie.5o
$1,000; alfalfa $1,000.
BRAN-Per sack $I.I5.
The Caucasian. (Shreveport, La.) 1900-192?, 1907-04-11

WELLMAN HEADQUARTERS
For paints, wall paper and glass; for
painting, paper-hanging anad signs. All
orders given prompt attention.
The Caucasian. (Shreveport, La.) 1900-192?, 1907-04-11
FOR SALE
Jersey Cattle. Berkshire Hogs
Plymouth Rocks, Wyans
d0ttes and Legfl0rns..

We are headquarters for the above
breeds. We have choice lot of young
cockerels and can please the most fas-
tidious. Eggs for Matching S. per IS,
$1,000 per hundred Address Caddo
Downs Poultry and Stock Co Ltd, S
Q. Holingsworth, Manager, ShNeve-
port, La
The Caucasian. (Shreveport, La.) 1900-192?, 1907-04-11

1t your stationery is not just what
you would like it to be, give US a
trial with your next order, and we will
fix it right. Phone 1000.
The Caucasian. (Shreveport, La.) 1900-192?, 1907-04-11
COTTON MARKET.
Office of The Caucasian,
Shreveport. La, April II, 1907.
SHREVEPORT MARKET.
SHREVEPORT RECEIPTS.

Stock on hand Sept. r...,...... 1907
Received this day 49,. ~
Received previously .roo.45r loo,46s
Total stock to date u. .Io2,135
Shipments to date =. =. 1878
:.
Net stock on hand -. -. =. 1850
Same day last year =. -. -. I2,442
The Caucasian. (Shreveport, La.) 1900-192?, 1907-04-11
COFFEE.

COFFE-Fair II I-2ssmedium 1885
better grades I2aI3c.
The Caucasian. (Shreveport, La.) 1900-192?, 1907-04-11

The paper we use in our printing is
Of the best quality. Phone 1000
The Caucasian. (Shreveport, La.) 1900-192?, 1907-04-11
ARTICLE V.

This corporation shall have power ana
authority to contract, sue and be sued.
in their corporate name, % make and
use a corporate seal, to receive, purchase
and convey under their corporate name
both real and personal property, and the
same to mortgage and hypothecate under
such terms and conditions as the sand
board of directors may determine.
ApTJTI z VT
Missouri Valley times. [volume] (Missouri Valley, Iowa) 1874-1931, 1907-01-17

six and even forty-eighs hours without the
chance for adequate recuperation
To require such continuous work is in.
aui1nn to the employees; to permit 1t is al,
offense against the public. The fault Is
not with the railway company alone for
ity 20 thus increase their wages: but who
ever desires 1t there is higher consider
alton than either profit to the employer
or compensation to the employee. The
common safety Of the public overrules
them all.
I recommend the enactment of a law
thai will fairly and reasonably limit con-
tinuous service of an employee engaged in
the movement of railway trains.
Corporations.
The observation andexperiencein intensified
The conclusions | have twice announced to
the general assembly relative to the or
ganizat.on of corporations. I take one
step further and say that IT. seems to me
mat one OF the imperative demands of the
atoms hereafter organized to be approved
by some tribunal such as tho executive
council with the attorney general added.
before they are permitted to be filed. Even
this measure of supervision would pre-
vent the establishment of a large number
of associations. either unlawful or fraudu-
lent in their purpose. or imperfecr in their
plan OF organization.
reiterate my recommendation that no
capital stock should be allowed to Inc is
sued until some state authority had made
examination and until It had been salts
factnr.ly shown that it had been paid for
Aeither IN money or property at a fair
.aluc The universal practice of issuing
capital stock without any regard to the
value paid for 1t is the fruitful source OF
more injustice and oppression than any
other In which corporations indulge.