Dakota farmers' leader. (Canton, S.D.) 1890-19??, 1907-05-10
slump of stoc

The Pennsylvania House passed tn.
bill placing 3 cents tax a ton on anthra
cite coal, it being argued that the burden
would fall largely on consumers outside
the State.
Chairman Knapp Of the interstate com
merce commission announced its purpose
to ask the Circuit Court at New York
to order E. n. Hartman to answer Ger
tain questions concerning transfers ant
sales of Union Pacific stock which he re
fused to answer recently when he was
a witness before the commission. The
commission thus seeks to establish its
right to inquire into such transactions.
B. f. Yoakum, chairman of the Rocb
Island system, in \ newspaper interview
said that a railroad had no more business
to be at the mercy 0 f-Stock Jobbers Thai
a savings bank or a life insurance com
pany, and that American railroads should
be as much a public trust as those institu
lions. He said the people were not with
out justification in their belief that the
railroads had been Systematically robbins
them, and that no one was to blame FOL
the present anti-railroad sentiment but
the managers themselves.
AS an Offset to the raise in grain rates
by the Union Pacific between Omaha anc
Council Bluffs the Chicago Great West.
ern railroad began hauling grain free
from Council Bluffs into Omaha wher
destined to elevators on the tracks of the
Chicago Great Western and charging only
81 per car when destined to elevators on
other tracks. The Union Pacific charges
So per car for the same service. The
Great Westerns action will have a far.
reaching effect on Iowa grain destined to
Omaha and places the Omaha market on
a parity with the Chicago market.
Two more attempts have been made ia
wreck trains on the Pennsylvania rail.
road in western Pennsylvania and Ohio
and President McCrea has called q con.
ference of the vice presidents and various
division officials to take extraordinary
measures for the suppression of what il
believed to be a desperate band of wreck
ers. The detectives say hat the motive
of these crimes is robbery and not the
! vengeance of discharged employees. A re
ward of $500 for information leading tt
the conviction and a much larger secret
reward to employees, has been offered.
Counsel for the Great Northern railroad
at st. Paul gave notice that the fine OF
$4,000 imposed by Judge Morris fol
giving rebates on grain shipments woult
be appealed. The judge imposed S1,OO<
on each count, this being the minimum
fine.
The 2-cent railroad fare bill passed b.
the Pennsylvania Legislature and signed
By Gov. Stuart is to go into effect Sept
30, but the letter from President McCre.
Of the Pennsylvania railroad to the Gov
ernor requesting a veto served notice tina
tho law would be tested through tn,
courts as to it's constitutionality.
The report of the Pittsburg, Cincinnati
| Chicago and St Louis railway for 1901
shows gross earnings of $34.485.5OO To-
tho 1900 miles of the road in operation
| The net earnings were $S,535, Isl, or Al
increase Of $1.OO2,936 over precodln,
year.
Directors Of the Buffalo. Rochester en-
Pittsburg railway have asked the stock
holders to approve a mortgage securinl
$35, 100000 of ffty-year bonds bearin;
interest at not over AZ. per cent, the pro
eeeds to go to consolidation. the debt, ex
tensions and general Improvement. Ont
$S,OOO,OOO of the issue would be GU
b t1ne near uture