Ottumwa tri-weekly courier. [volume] (Ottumwa, Iowa) 1903-1916, 1907-12-19
PENNSYLVANIA, PAN HANDLE,
NEW YORK CENTRAL AND LE-
HIGH DIRECTORS MAKE AN
NouNcEMENT TODAY.
INVESTOR WOULD
ENJOlN CORTElYOU
NEW YORKER SECURES CITATION
FROM JUDGE GOULD CITING
SECRETARY INTO COURT OVER
BOND ISSUE

Philadelphia. Dec, 1s.-The direc.
tors Of the Pennsylvania company,
which operates the Pennsylvania rail
road lines west of Pittsburg today
raised the dividend on the stock OF
the company from a to a Z per cent
basis and they declared semi-annual
dividend Of four per cent.
Pan Handle Dividend.
The directors of the Pan Handls
line. also controlled by the Pennsyl-
vania railroad today declared the re-
gular semi-annual dividend of 21a per
cent on preferred and per cent on
the common stock.
New York Central To.
Now York, Dec, 18.-The regular
quarterly dividend of n per cent WAS
declared today by the New York Gem
trail.
Extra Dividend on Lehigh.
Philadelphia, Dec, 1S.-The dirsa-
tors Of the Lehigh Valley today de-
dend of 2 per cent and an extra
dividend of one per cent on the com.
mon stock and per cent on the pre-
ferred.
Reading Declares Dividends.
Philadelphia, Pa, Dec, 1S~The
directors of the Reading company to-
day declared the regular semi-annual
dividend Of per cent on the common
stock.
Would Enjoin cortelyou.
Washington. D. c., Dec. 49, - JUS
tice Gould Of the district supreme
court today cited Secretary Cortelyou
to appear in the court on Jan. next
to show cause why he should not be
enjoined from turning over or deliv-
ering the balance of $21, ,450,00O In
Panama canal bonds to certain banks
and persons to whom he has announc-
ed allotments
The citation issued is based on the
petition filed by George w. Austin OF
New York, who declares he made q
proposal to purchase the bonds ad.
vertised for the issue at their face
value of three million dollars, agree
ing to pay at the rate of 103.36 and
accrued interest per hundred dollars.
and on notice Of acceptance Of his
subscription stands ready to deposit
the amount with the assistant treas
urer of New York.
Culbertson on Stringency.
! Senator Culbertson today entered
upon the discussion of his resolution
directing the committee on finance to
| investigate the causes leading up to
the present financial stringency. He
referred to the message of the Presi-
dent in which he suggested the neces-
sity of legislation in, the near future
! and said that either the President
had changed his mind or that con-
I gress was loath to carry out his re-
Communications.
Banks Reopen.
Washington, Dec 18.-The comp
troller of the currency has authorized
| the First National bank of Eagle Lake
Texas, which closed Nov. 8, to re-
open for business tomorrow. The
comptroller also authorized the City
National bank Of Frederick, Okla. to
reopen Friday.
! Three Private Institutions Close.
Indianapolis, Dec. 1S.-The auditor
Of the state today ordered the Bank
Of Fowler at Fowler, the Citizens
bank at Ambia and the Goodland
bank a. ~loodland to close their doors.
The acCion was taken under the law
passed by the last legislature regu-
lating private banks. The thres
banks are owned by Daniel p Bald
win of Logansport. The former attor-
ney general of the state, and VIM III.
Dague of Fowler as a partner The
capital stock of each Is $4,000.
J. ----------