davidaulloa/AmericanStories huggingface dataset:
The Washington herald., 1907-01-18

for the quarter A traders raid followed
when the announcement of the dividend
was availed Of for covering under the
influence of which, with possibly some
fairly good buying, an orderly recovery
set in so that at the close, while the
price was under the high point reached
on the excited advance just before the
announcement of the dividend. it was still
substantially above the average level Of
the forenoon.
The position of Amalgamated has no;
been hurt by the action of the directors
on the dividend question. and the bull
ammunition is still in the locker.
Popular appreciation of the action Of
United States Steel is shown by the
terms in which the stock is spoken Of
around the street In some places It Is
a daisy" in others a peach, and in
still others a "bird'-all complimentary,
and differing only as they show a differ
ence in the tastes of those who. apply
them
There is a tendency TO regard the ac-
ton on the Amalgamated Copper dividend
as an indication Of what may be done by
the directors Of United States Steel at
their meeting on January p. Apparently
the enly expectation Of a tIerease in the
steel common dividend .ate entertained
for weeks past has been based on the as
sumption that the Standard OIL interests
would so strongly advocate the payment
OF an enlarged rate Of disbursement that
the party which favOrs the application
OF the greater part Of the earnings TO i'm
Its views on the point. The Standard
Oh interests, however. seem to have
pretty clearly indicated their position to-
ward dividend increases in their action
on Amalgamated. and for this reason
practically all the expectation Of a change
IN the rate on steel common has disap-
peared. Because Of this the traders were
disposed 10 sell steel in the last hour,
but the measure Of their success was not
such as TO encourage continuance OF
their operations
The Washington herald., 1907-01-18
R: r Chapman Co.
Members N. 7. Stock Exchange
60 Broadway, New YORK
WASHINGTON OFFICE
1901 F Street NV.
G. B. CHAPMAN.
Manager
Member Washington Stock Exchan e.

highest Returns &c investors
With safety to principal guaranteed by first mort
gage decd Of trust notes On Washington business
pfopertJ SsYeral notes. 300 each for sale paving
> per cent ret to investor smaller notes Oh resi-
dCuCe IrlveTty
HEisKELL & McLERAN. lc0s 81. NV
The Washington herald., 1907-01-18

Union Pacific opened strong resistance
TO pressure. and Southern Pacific main
tanned through the day a degree Of
strength that was even more convincing
than the statements made in Well-in-
formed quarters 10 the effect that the
buying was of very good quality. In re-
gard 10 the latter stock. it was said that
the earnings for December and those for
the present month are practically certain
to keep up the good record the company
has made since the beginning Of the fiscal
year. and, as earnings determine values
in the long run. sentiment on Southern
Pacific is very cheerful ia circles where
changes in sentiment on the stock are apt
10 be reflected in the market.
One Of the best-irformed out-of-town
bankers expresses the opinion that money
is certain 20 work easier in the next few
weeks, out he thinks that the improve
ment viii be gradual, so that those who
expect TO get the siuews for an aggressive
bull campaign-in the market may be dis
appointed. He says-and his connection
with some of the most important lines Of
industry is very close-that there is abs9-
luteiy no reason 10 look for a contraction
in business in the coming spring.
The Washington herald., 1907-01-18
New Orleans.
spct Markets.
GRAIN MARKETS.
HEAT

Quotations furnished by Charles G. Gates & Co.
lembers Chicago Board Of Trade. Munsey Building
Chfpapn
The Washington herald., 1907-01-18

:. H. Agnew. Of Henry Clews & Co
Liquidation has not yet spent its force.
Good news or bad news seems TO have the
same effect on the market Money rates
are easier both at home and abroad. and
with the Bank of England maximum dis
count rate reduced to per cent. instead
OF 6, the ruling rate for several months
past traders were naturally inclined TO
look for better prices. but instead. the
market continues duh. prices sag, and
selling outweishs buying, Ny opinion is
that there is little indictment To buy
There may be moderate rallies from time
TO time, but liquidation by important in
terests is the order Of the day. and is
likely to continue as long as the market
viii take their holdings without causing
too great sacrifice"
The Washington herald., 1907-01-18
BOSTON STOCKS.

Quotations furnished By +. r. Chapman & Co.
members New YORK stock Exchange, 1901 street
northwest, q. Bowie Chapman, manager
The Washington herald., 1907-01-18
Opinions on the New York Market.

OpAutbHh On the new buEk mkEktA.
G. Bowie Chif-lrn, Of T. r. Chapman &
.Co.-"Broadly speaking. the opening was
steady. with the Morgan stocks showing
some pressure and a continuation Of yes
terdays liquidation. During the session
the market was unsettled and feverish:
and although several attempts were made
to rally prices on each little advance long
stock seemed TO be met Particular weak
ness developed in the Gould issues. Wa
bashes and Missouri Pacific. The range Of
hnal prices showed losses for almost the
entire list. st. Paul and some Of the spe-
cialties being the exceptions. From the
action Of the leaders, no deduction is
possible other than that support was be-
ing given, and that it was not the inten-
tion OF large interests to allow the market
to decline below certain figures. The mar
ket will probably be held within narrow
range, and stock should only be pur-
chased on weakness. and then for tenn
porary purposes %
The Washington herald., 1907-01-18

Benjamin Woodruff. Of Post & Flagg-
The market presented little Of interest.
and closing prices were not far from the
beginning of the day. Such changes as
occurred were chiefly toward lower fig
ures- 1t Is this prospective abundance OF
supply in the shape OF new securities that
makes u so difficult for prices to advance.
The sanguine expectation not long ago Of
an increase in dividend on Amalgamated
Copper was not fulfilled at yesterdays
meeting, but the reaction Of the past
week seems 10 have discounted the effect.
as there was little change IN the price
after the announcement. Call money con-
tinues 10 be easy, although there is as
yet little modification in time rates. II
looks as II We would have for the present
a trading market within a narrow range.
and as If it will be question of taking
profits on such movements rather than
assuming a position for "a longer turn.
The Washington herald., 1907-01-18

Thomas l. Hume. president Of the
Washington Stock Exchange mar
ket continues couvulsive. chaotic. and
problematical. and should be persistently
avoided until pertinent conditions become
more thoroughly apprehended"
The Washington herald., 1907-01-18

Herbert L. Jones. Of Charles c. Gates &
CO.-"The reduction in the Bank Of Eng
land rste-the best piece Of financial news
since October-Was about Offset by the
disappointment over the failure Of the
Amalgamated Copper directors To increase
the dividend rate Considerable liqulda-
ton by pools has been forced. and the
market has had a pretty thorough
cleansing. but is still largely a profes-
sional traders affair. Good stocks should
be bought on the declines"
Arizona republican., 1907-01-24
BEVERlDGE'S PLEA.
For Two Million Children in the United
States.

Washington. Jan. Ex-senator Beve-
idge in addressing the senat today on
mis- bill to prohibit transportation in in
terstate commerce of the products Of
child labor declared that the census
shows that nearly 100000 children,
bread winners under 10 years of age
are now at work. OF these almost
100000 are engaged i'm work other than
agriculture. Child labor on the farm is
good. he said. The bill does not strike
at that. II strikes only at child la
Dor in factories. mines and sweatshops
Appalling as these figures are. they do
not show the full enOrmity of the evil.
He presented a large number OF afii
davits, photographs and published ar
ticles setting forth conditions under
which children labor in the factories.
mills and coal breakers is performed.
Mr.. Beveridge argued that state leg
islation was inadequate to stop the evil
for the reason that if one state pass
ed a good law its manufactures were
placed at a disadvantage in cOmpeti-
ton with states which refused or neg
lected to pass good laws. Mr.. Bever-
idge urged that his proposed act was
I'm no sense a restriction on legitimate
state rights and he quoted at length
from the decisions Of the courts to
prove that the bill is constitutional. To
save human beings from ruin, he said
is the purpose and effect of the bill.
Arizona republican., 1907-01-24
AN EvER-PREsENT NEED.
More Funds for the Conduct of the
Business of Legislation.

The assembly finds itself constantly
in need of the sinews of war. 1t wants
more money for the hiring of more
clerks who in turn will need more
members to find work for them and
more members will require more clerks
again, an endless chain of supply and
demand.
Mr.. Boil figured out a way for par
tial relief and he put his discovery in
to the form of House Joint Memorial
No. /, a petition directed to congress
for a further appropriation Of $4,000
to assist in conducting the business OF
legislation. 1t had been brought to the
notice of Mr. Bell that Delegate An
Grews is trying with some show of
success 10 get this kind of an appro-
priation for the legislature of New
Mexico. While congress is about ii, in
the opinion of Mr.. Bell il would be no
harder to give $4,000 than $4,000
In speaking to the memorial, Mr..
Bell said he did not want to appear in
the light of pointing out to Delegate
Smith his duties. but he surmised that
Mr.. Smith i'm the multiplicity Of his
duties had never thought of so small
a matter as this appropriation. There
was a suspicion that Mr.. Bell in his
reference to Mr.. Smiths preOccupatiOn
WAS INDUCING in quiet sarcasm. The
memorial was adopted.
Arizona republican., 1907-01-24
uVfRNASH GOT HIS
AT STATE CAPITOL
California Legislature Objects 70 His
Manner Of Reporting its Daily Pro-
cccdings.

Sacramento Jan. 23.-In the senate
a joint resolution was adopted today.
expelling Former Congressman Ed
ward J. Livernash. correspondent for
a san Francisco evening paper. from
the senate and assembly floors and
from any part Of the building. for al
legged untruthful criticism and un-
just attacks on the legislature In the
paper to which he is accredited.
The assembly adopted a joint con-
current resolution instructing the at
tOrney general to intervene i'm the suit
brought by the federal authorities in
the United states circuit court against
the san Francisco board of education
for the excluding of Japanese children
from the schools. and instructed the
attorney general to defend the school
board in that action.
AssemDlyman Grove L. johnson
made a fiery speech in support Of the
p esolutiOa. in which he arraigned
President Roosevelt for that part of
his message to congress in regard to
the Japanese question in san Francis
CO. scored the president and his cab
met for their attitude in the matter.
and made . defense of states rights.
a concurrent resolution asking for
legislative investigation OF the coal
famine in the state was adopted by the
assembly. but Speaker Beardslee de-
clared that it was matter Tor the
Interstate commerce commission and
he declined To appoint a committee.
Arizona republican., 1907-01-24

some disagreement among the MEM
bers as to certain important changes
in those which governed earlier legis-
latures. One of them which is occa-
sioning the most quiet discussion pro-
vides for the automatic emergence OF
bills which have been referred to COM
mittees. so that there will have TO be
no strenuous efforts at resurrection. 1t
is proposed that when a bill has been
in the hands of committee for ten
days it shall report itself il the COM
mittee is not ready to report it. Those
who are advocating such a rule do not
go so far as to prescribe what the char
acter Of the report shall be.
Arizona republican., 1907-01-24
ALL UPHILL
Until She Found the Proper Food.

/ Life has a very pleasant aspect when
viewed through the spectacles of health.
We are equal to almost any, task;
mountains are as molehills and diff
culties made but to be overcome when
! vigorous health is ours.
Just as certain as fate. if we over
load the stomach with poorly cooked,
pasty, starchy or greasy foods we will
suffer and lose health, for the ma
chinery OF the body is dependent for
| its strength and perfect action upon
the food We eat.
A woman Giving in Maidstone, Eng
land, says:
For months l suffered severely with
pains in my chest and arms as well as
round the back of my waist, and al
ways felt tired and lackadaisical, so
that the slightest exertion was an eff
fort. My appetite kept growing smaller
and smaller. / consulted two doctors
but no improvement was noticeable
while under their respective treatments
became respondent and began to
think my case was hopeless. when a
friend recommended Grape Nuts. hav-
ing derived great benefit from this
truly wonderful food himself. As
last chance l invested in a package,
and after only couple of weeks trial
it had marvellous effects upon my
health. The pains disappeared entirely
and in their place strength and an ex-
cellent appetite returned. felt strong
and fit for anything, that nasty SEN
sation of lifelessness having quite de-
parted.
Il have put on flesh rapidly.
Il have now used Grape-Nuts for
many weeks, and mean to continue to
do so in the future, for the reason that
/ and the remainder of the household
like it so much. We eat it with milk
and little jam, generally apricot.
which is a valuable addition" Name
given by Postum Co., Battle Creek,
Mich.
Arizona republican., 1907-01-24
WORKING HOURS.

One CT the subjects of minor worry
in both houses is the length of the
work day. 1t was discussed briefly in
the council in the morning on a mo-
ton to adjourn to certain hour. The
members were somewhat divided. All
agreed that there was no sense in
working when there was nothing to do
and there was a disposition on the part
Of some of them to hold but one daily
session until the business required two
sessions. In the meantime eleven
o'clock in the forenoon is the temper
airy time for the beginning of the morn
ing session but a committee was ap-
rointed to meet with a committee of
the house and agree upon an hour.
In the afternoon the question came
up in the assembly in the same way.
There was no proposition for uniform
meeting OF the houses but an adjourn
ment was taken to eleven o'clock.
Arizona republican., 1907-01-24

grows grandly Here and there the
track is held by great walls of stone.
and coming to some jutting crag too
sharp, too abrupt to build around, a
tunnel is cut through. In one place
there are three within a few feet OF
each other. so tSat train of ten cars
would be in three tunnels at one
time. In our mountains and caves
there are pulpits. chairs and slides
described as the DEVILS, but the
Devils Backbone is here on the Mex
lean Central, in the Tamasopo Canyon
and there is a hole through il big
enough for a railroad train to pass.
Passing from the darkness of one of
these tunnels into broad light OF
brightest day. the marvellous view
bursts upon one with no warning of
its stupendous immensely Perpen-
dicularly down. more than a thousand
feet. is the density of tropical green
that is shaded lighter up the mountain
side and i'm a thousand hues, as the
sunlight falls upon them at this angle
or that.
over on the other mountain. the
bright spots of lighter green are
patches Of sugar cane, and here, be-
low our track is the delicate pink OF
the rosewood tree; each tree seems
one huge pOsy, so thick the blossoms
are. Far away. over the other noun
tain. far away over the valleys. the
panorama, il seems. stretches To in
finity. and while we hear the rushing
of the waters below. we think we can
see the waters Of an aerial river. OF
distant seas where earth and air are
lost in their intermingling. These
mountains are unlike those of the in
terior being covered with a tropical
verdure, fed by the constantly blow
ing mists from the sea. while the val
leys are luxuriantly rich in the den
sity of the full tropical growth of
foliage and what we see here we have
not seen before in all our travels in
Mexico. or other lands, for there is
not its equal in varied beauty or diff
ficulty of engineering accomplish
ment. There are six tracks in view
as the road twists and turns down to-
ward the valley. thai we seem never
to get nearer To and in one place a
track seems just under us. though we
must travel six miles before we reach
the spot in view. IL was here we lost
our Mexican attendant on this famous
trip Of the trolleys. who had gone back
as a flagman against a possible
coming train. and had left him behind
as we thought. but not If he knew
himself. his country and our lunch
basket, of which he had had a taste
He had simply climbed down the rocks
tahead of US really and sat down to
rest on a tie of the track down the
mountain while we rolled off our six
miles and caught up with him.
If ever Joseph's brethren had let
him down into this pit of St Joseph
this HOyo de Jose in the Tamasopo
Canyon. he would never have gotten
out and distinguished himself I'm
Egypt or elsewhere. II is said to be
bottomless. There is no outlet and
the pit does not fill up where rivers of
water empty in rainy seasons. Then
is it not bottomlcss? The railroad
must describe a figure to get around
the pit, and just west of it is another
station and a safety switch always set
for the side track
w. H. GREENE.
Arizona republican., 1907-01-24
SENATORIAL SALARIES.
The Arguments fo- and Against the
Increase.

Washington. Jan. 23.-The discussion
on the salary measure was general in
the senate today. Mr.. Berry contend
ed that $4,000 was not q grossly made
quate salary for senators and members
of congress. He denied that they
could not live on that amount. There
are not half Of them he declared,
who ever could or did make $4,000 a
year engaged in any other business"
Senator Nelson offered an amend
ment combining the increase TO the vice
president. speaker and cabinet officers.
He said: I'VE as legislators are today
paid higher than the legislators OF any
other country" Mr.. Nelson then gave
figures showing the salaries paid legis-
lators in European countries and con
tinuing his argument spoke with re-
sentiment of the idea that legislators
were here as laborers for a salary.
Theirs was a post Of honor and the
pay was enough TO live modestly. I'VE
do not want to enter the social world.
he asserted.
Senator Gallinger favored the in
crease. He said: We have been in
creasing salaries all along the line
except our own. The heads of various
bureaus and some private secretaries
get almost as much as We. Interstate
commerce commissioners get twice as
much as do any judges" he added.
Living expenses" he said. do not
represent the total demand on legisla-
tors" Each member. he continued,
must make political contributions.
/. 1
demands which could not be avoided.
Mr.. Lodge in favOring the increase
said that the members of the English
parliament received no salaries. that
the Irish members received cOntribu-
tions from the people OF their districts
and from this country and the labor
members We're paid by labor unions.
This was Il bad system and he believed
Great Britain WAS coming to recognize
it. Referring 10 his late colleague,
Senator Hoar. Mr.. Lodge said he knew
that the later years Of the senator had
been Of continued financial pressure.
Mr.. Mallory proposed an amendment
making the incIe apply after 1913.
On roll call>the Nelson amendment
cutting off the Increase to senator's and
members was defeated by SO to II.
The Mallory amendment postponing
the increase to 1918 was voted down
81 to IA.
Arizona republican., 1907-01-24

Office of the Territorial Auditor. and
the termination thereof shall be twen-
ty-five years thereafter.
Fifth: The affairs Of this Corpora
ton shall be conducted by a Board OF
not less than five go nor more than
nine go Directors and the following
named shall constitute the Board Of
Directors until their successors are
elected:
John Pedrazz.ni. Henry Drummer.
Ed. l.. Dufurcq.
Thereafter the Board of Directors
shall be elected from among the stock
holders on the 2d Tuesday Of March
Of each year. The officers OF said Cor
poration until their successors are
elected shall be: John Pedrazzini.
president: b. G. Tognazzi. vice presi-
dent: Fernando Monrijo. secretary.
Banca Svizzera Americana (of Locar-
MOI treasurer.
Sixth: The highest amount Of in
debtedness or liability. direct or con-
tingent. to which this Corporation is at
any time to subject itself shall be one
hundred thousand $500. OOO.O0) dollars,
which amount does not exceed two
thirds the amount Of the capital stock
seventh: The private property Of the
stockholders Of this Corporation shall
be exempt from its corporate debts of
any kind whatsoever
In Witness Whereof. We have here
unto set our hands and seals this 18th
day of January. 1907.
JOHN PEDRAZZINI (SeaD
HENRY Drummer (SeaD
FERNANDO MONTIJO (SeaD
B. G. TOGNAZZI (SeaD
ED. l.. DUFOURCQ (SeaD
State of California,
City and county of san Francisco. IS.
Before me. A X Daggetti. a notary
public in and for the state and county
aforesaid. on this day personally ap-
peared John Pedrazzini. Henry Brun-
ner. Fe-nado MOntijo. Il. c. TOgnazzi
and Ed. l.. Dufourcq. known To me to
be the persons whose names are sub
scribed TO the annexed instrument. and
acknowledge to me that they executed
the same for the purposes and consid-
eratiOns therein expressed.
Given. under my hand and seal OF
office this 18th day Of January. A. u.
1897
(SeaD A X. DAGGETT.
Notary Public
My commission expires May 2s. 1907.