davidaulloa/AmericanStories huggingface dataset:
The evening star and Newark advertiser. [volume] (Newark, N.J.) 1907-1908, 1907-12-11
BUSINESS AND FINANCE.
NEWS AND NOTES
FOR INVESTORS


Up TO this time dividends to the amount
OF 81 oVVOVV nav peeh reduced, postpoheu'
OF passeu allogeiner py ralroau anu ih.
uuserial cotpotae,ons larse part o. snese
ing companies. The fact that so large a
sum Is involved is not so very notieeaole
because during the past year the railroad
and Industrial corporations have had Dan
nef years ana nave auihorlzeu more secni-
tues on tne market 70 pc SOFA tnah vas
ton. 1t was so conspicuous IN the Upper
issues because of the exorbitant price the
metal was selling for, therefore llowin
the companies to pay nigh DIVIDENDS, anu
when the price OF the metal Tell as II
naturally would nave done 10 any other
time, dividenas at the same ra'e eouiu
-
1t is reported that h United States steer
CORPORATION directors are talking OF a DIS
tribution of the preferred stock to en-
also preparing to pension old employees.
Many Industrial corporations have put
similar plans into effect during the year.
-
According to the Pennsylvania Rail-
be delivered until june 1. 1909.
-
The production of gold at the Rand for
November is officially placed at 549. sol
ounces. In November of last year the out
-
At the recent regular stockholders meet
ing of the Arlington Company, of Arling-
ton, n. j., the sepital stock of the COM
pany was Increased from 81, 100000 to 81
600. OOo. This compan is engaged in the
manufacture of pyralin or celluloid.
-
Charles Elliott Warren, president of the
New York State Bankers Association, pro-
Of issue with government affiliations be-
fore a convention of bankers constituting
proun G of the state Banking Associa-
-
announcement is made that d. c.. Moon
has been appointed general manager of
Railway 70 succeed the late r. A. Handy,
-
The members Of the passenger associa-
meet today in Chicago to consider the
question Of merging the three existing as
sociations into one.
-
A dispatch from st. Petersburg states
that 1t Is learned from Official sources .hat
Russia will nr0ha DlV market q foreign loan
The evening star and Newark advertiser. [volume] (Newark, N.J.) 1907-1908, 1907-12-11
MONTANA MINES TO RESUME.

HELENA, Mont. Dec. 1.-THE East
Heleha plan of the American Smelling
and Refining Company announces that it
Will resume the buying Of all custom ores.
This will mean the resumption Of many
mines in Montana which have been closed
as the result of the recent action of the
smelter in refusing to accept any ore but
that from contract shippers.
The evening star and Newark advertiser. [volume] (Newark, N.J.) 1907-1908, 1907-12-11
IL, o,0oO-BALE COTTON
CROP A BIG SURPRISE

WASHINGTON, Dec. 1.-THE crop re-
porting board of the Bureau of Statistics
of the Department. of Agriculture, from the
reports OF. the correspondents or agents of
the. bureau, estimates that the total pro-
duction Of cotton in the United States for
the year 1908 Will amount to 1851, 96S, 900
pounds mot including l~inters1, equivalent
to- fi,67s,0C0 bales of 500 pounds, gross
weight.
The estimated production in 5OO-pound
bales by States is as follows:
The evening star and Newark advertiser. [volume] (Newark, N.J.) 1907-1908, 1907-12-11

TRENTON, Dec. u.-Certincates of in
corporation lave been granted to the fol
lowing companies;
Lake Chemical Company; registered
office. New Brunswick. agent, Louis A.
Voorhees,, capital stock. $4,000; incotpora-
tors. w. Howard Lake, Louis A. Voorhees,
and William #. Gillick; to manufacture
and deal in chemicals.
Limestone Company OF New JERSEY reg
isiered Office. Newton agent, Edward G.
Meyer; capital stock, Sl25,000; int1arpo,
rators. Nathan Hart, Mathew Bailey and
ms business.
The evening star and Newark advertiser. [volume] (Newark, N.J.) 1907-1908, 1907-12-11
oKLAHoMA,s a-cENr RArr.

GUTHRIE. Okla, Dec. 11.-The state
Corporation Commission ruled yesterday
that railroad companies could not collect
III excess Of two cents a mile for passenger
fare from passengers VIII board trains
without tickets. Complaint had been made
to the hoard that conductors were demfnd-
ms excess fare in each instance.
The evening star and Newark advertiser. [volume] (Newark, N.J.) 1907-1908, 1907-12-11
NEW CORPORATIONS.

The Wilmot Coal Company had its ar
ticles of Incorporation recorded in the
County Clerks office today. Capital stock,
$1Go,0 900; raid up, $1,000: incorporators, Vena
e. Hewlett M Frank NJ. Hewlett, of this
city, and A. Brice Crane. of New York;
Registered office, 10 Bank street.
The evening star and Newark advertiser. [volume] (Newark, N.J.) 1907-1908, 1907-12-11
THE LONDON MARKET.

LONDON. Dec. 11.-American securities
opened duh today and prices eased during
tie first hour. At noon the market was
dull ana from u to q below yesterdays
New York closing.
There was no encouragement TO traders
in the New York opening and the market
closed quiet.
The evening star and Newark advertiser. [volume] (Newark, N.J.) 1907-1908, 1907-12-11
W. U. pEcLAREs Dividend.

NEW YORK. Dec. 11.-Phe directors of
the Western Union Telegraph Company to-
day declared a quarterly dividend of ~
per cent, payable in stock Of the company.
The company has s2,630,0o Q of unissued
stock, and the dividend will be paid by
issuance of this stock TO the amount re-
quired.
The evening star and Newark advertiser. [volume] (Newark, N.J.) 1907-1908, 1907-12-11
P TAKES DROP.

NEW YORK. Dec. 11.-At the Metal
Exchange today all grades of copper were
further reduced x Of a cent per pound in
both the bid and asked prices. making
Lake. 1875 to 1885; electrolic 1875 to 1875 aud
casting 12ss to 1874.
The evening star and Newark advertiser. [volume] (Newark, N.J.) 1907-1908, 1907-12-11
JAMESTOWN RECEIVERS.

RICHMOND. Va, Dec. n.-Judge Ed
.mund Waddiil. Of the United States Circuit
Court. has announced the receivers of the
jamestown Exposition Company. They
are Alvah II. Martin, late Heterogeneous
of The exposition Edward T Lamb, OF
Norfolk, and William M. Geddes, of Wash
.inpInn.
The evening star and Newark advertiser. [volume] (Newark, N.J.) 1907-1908, 1907-12-11
HARTMAN IS SICK.

NEW YORK, Dec. lie. II. Hartman
is suffering from a cold, and has not been
at his office since Monday. A report that
Mr.. Hartman is seriously i'll was denied
at his office. It was said hat he has a
cold and is taking care of It,"
The evening star and Newark advertiser. [volume] (Newark, N.J.) 1907-1908, 1907-12-11

The report caused something of a SEN
.satlon in the Cotton Exchange here. IT
wis generally expected that the figures
would fall below 1880 goo, And the govern
ment estimate was taken TO Indicate a
crop of at least 12,OO0,000 bales. Prices
dropped 40 points in five minutes.
The evening star and Newark advertiser. [volume] (Newark, N.J.) 1907-1908, 1907-12-11

President Mellen, OF the New Haven
Railroad system In New England, has set
the executive heads of other big trunk
lines an example we'll worthy Of emulation,
He recently assured the employees OF
his corporation that no wage reductions
We're contemplated, but that IF there is
any cutting TO do done, IL will begin. not
at the bottom OF the list, bur at The top,
right here in these offices. and il will
work from the top downward, not from
the bottom up
An ounce Of this brand of the CONNER
cial square deal, of commercial philan-
thropy, II you vial have it that way, is
worth n ton Of preachment regarding
closer relations and cooperation be-
tween capital and labor. and employer and
employee. =.
II Is founded on the eminently just
premise that IN times of s%tringency the
men who enjoy the case and ~luxuries Of
living should be the first to suffer. as
against the men lower down whose pay is
largely absorbed in procuring the necessl-
ties of life.
There would be fewer strikes and lock-
outs. less antagcnism toward corporations,
II such principles were brought into more
universal ohseivancc-Atlanta Constitu-
jon.
The evening star and Newark advertiser. [volume] (Newark, N.J.) 1907-1908, 1907-12-11
STEEL DIVIDEND.

PITTsBURG, Dec. 1.-THE Crucible steel
Company Of America has declared a divi-
dend of l per cent. on its preferred stock
for the quarter. The previous disburse-
ment was ~ per cent.
The evening star and Newark advertiser. [volume] (Newark, N.J.) 1907-1908, 1907-12-11

What's the old man dom now2'
.Danoin his oahles down.
Reckon he will succeed2r
We'll. he keeps SO busy dnncin he siu't
got time 70 think OF anything elae. Al
lapfa Constitutieh.
The evening star and Newark advertiser. [volume] (Newark, N.J.) 1907-1908, 1907-12-11

Fhere is 4 way. after ali. to fool the neople
fol your advantage. a good deal Of the sime.
Ard that L. by giving them more than YOU
The evening star and Newark advertiser. [volume] (Newark, N.J.) 1907-1908, 1907-12-11
BOSTON STOCK MARKET.

BOSTON, Dec. 11.-Following are quotas
tions Of ebe active stocks dealt IN on the
Boston stock Exchange.
The daily appeal. [volume] (Carson City, Nev.) 1906-1907, 1907-02-01
mrs. BRAYS SUICIDE
She Had Been Dead Since Sunday
When the Body was Discovered.

The Reno Journal gives, the follow
Bray:
The revolver still elapsed in her
hand with which she took her own
lie, Mrs Bray, wife OF the late Jerry
Bray, Virginia 4 Truckee railroad
conductor, was found dead in her
home al 226 Elm street yesterday.
The woman had been dead since Sud
day, according to the information re-
ceived by Chief Of Police Leeper, no
one having seen her since then. The
milk that had been left by the dairy
man on that day was still on the back
stoop when c. Z. Wilbur, a neignbOr,
entered the house to investigate the
absence OF activity tnere.
Mrs. Bray moved TO Reno from Nir-
ginia City several months ago. She
was known there as reclUse. none Of
the people of the town be- intimate
with ner. When she setj!cu IN Reno
Mrs. Bray was noted for her melon
choly disposition.
Cashier Mulcahy of the Ink OF
Sparks, is a nephew of the >-,4 wom
AN. He wkas notified OF til suicide
yesterday by the police. Mulcahy was
unable to explain the cause Of the sui
eide. He was unfamiliar with his
aunt,s habits, but he said that she was
probably insane with grief over he
husbands death.
A coroner's jury Will inevestigat'
the cause of death today, the remain
being held at a local undertaking es
tablishment. The bullet hole in tn
breast shows that the revolver wa
: held lose to the skin, powder bur
l marking the wound.
Later-Word received from Ren
to-day stated there was some doubt a
} to Mrs. Bray committing suicide. |
some quarters it was believed she wa
q murdered and the body placed in tn
>. position in which it was found, g
g she was known to have cOnsiderab
&c money and robbery was the motive.
The daily appeal. [volume] (Carson City, Nev.) 1906-1907, 1907-02-01
THE CoNVICT'S DAUGHTER"

One of the best melodramatic pro-
ductions on tour this season, The
Convict's Daughter will form the at
traction at the opera house this even
ing. ~ @H
1t is not one of those worn-Out,
weather-beaten plays, but entlre'y
original and up-to-date in every de-
tail, and it's success is already estab-
lished. A competent and expensive
company is required to give an ade'
quate Interpretation of the various
characters. The great sensational
scene in a jail-yard, where convicIs
are at wor kre-building wall beside
a railroad. In this scene locomotive
and twenty-eight cars cross the stage.
AS the train passes the wall, one OF
the convicts, standing on top Of stones
leaps for liberty to the roof OF the
car. A guard fires, but misses. and
the prisoner is soon free. The con
vict is a Weary Willie," who finally
The daily appeal. [volume] (Carson City, Nev.) 1906-1907, 1907-02-01
LUCK FROM BAD DEBT.

Two years ago Tom Lockhart, presi-
det of the Florence Mining Company,
took 10000 shares of Jumbo EXten-
ton stock On a very bad debt, along
with some other securities of a
THE company's territory convinced him
of its merits, and he went after the
control, which he secured at about
fused an offer of 100000 for 100000
shares of the stock. He could clean
up $1,O00,0O0 profit today from the
stock in a company in which he was
forced to become interested.-Gold
field Chronicle.
The daily appeal. [volume] (Carson City, Nev.) 1906-1907, 1907-02-01

There was no session OF the AS
sembly today.
Senate-Mornng.
Roll called. All present but, Boyd
and Douglass.
Committee on Mines and Mining re-
ported favorably on Senate Joint Res
Iolution and Memorial, No. l favor
ably. Opening the Carson mint.
Committee on Ways and Menas re-
ported favorably on Assembly bills Z
and and recommended them to the
Committee of the Whole.
Easton, by leave, introduced S. B.
No. 22-An act for the relief of var
ious clerks. Referred to Ways and
Means Committee.
A. B. No. 7-Allowing city council OF
Reno to dispose of certain lands. Re
ferred TO Washoe elegation.
On motion of Senator Oddie, John
w Brock was invited to address the
Senate at o'clock, on railroad mat
ters.
Senate Memorial and Joint Reso'u
ton No. /, reopening of Carson mint
Passed.
Recess until o'clock.
In the Senate in the afternoon
Superintendent Brock occupied the at
ltention of that body. His remarks ap
pear in another column.
The daily appeal. [volume] (Carson City, Nev.) 1906-1907, 1907-02-01
SOCIAL FUNCTION.

Yesterday afternoon the Misses Hof-
er, entertained a number OF guests at
a arty given in honor of Mrs. Fred
Seymore.
Six tables were occupied at cards
and here was refreshments and gen.
eral merry making.
Mrs. H. d. Edwards won the first
prize, a Havaland cup set in ebony,
and Mrs. Frank Wildes won the BOBBY
prize for the smallest score.
The guest of honor received a
handsome piece Of cut glass.
This being the first affair of the sea
son the ladies were attired in their
best gowns.
The daily appeal. [volume] (Carson City, Nev.) 1906-1907, 1907-02-01
NEVADA BANKS INCREASE.

In six years the number of banks
in Nevada has increased from seven
to forty-one. This is an evidence of
the growth and prosperit-- of the
state which has not been overlooked
by the investor and which when re.
corded in the banking directory of the
United States shows the most re
markable rate of increase Of any sec
ton of the country. The total capi
talization Of the banks in Nevada is
So, 1854, 900.
The daily appeal. [volume] (Carson City, Nev.) 1906-1907, 1907-02-01
HAS RESIGNED AS SUPER|N.
TENDENT

Major l. y. Fording, who has been
at the head CT the mechanical depart
ment OF the V. & 7. shops for about
thirty years, has sent in his resigna-
ton as master mechanic and will SO
to Oakland to live, which is his old
home.
Charlie Rulison, who has been a
long time connected with the shops
will succeed him.
Carson people who have had deal
ings with the shops will greatly miss
the genial master mechanic who has
always been famous for his obliging
ways and he will also be missed as
leading citizen Of Carson.
The daily appeal. [volume] (Carson City, Nev.) 1906-1907, 1907-02-01
"R. E. SkAG(
Smith Gives Data.

Oscar Smith, chairman Of the Board
of Regents Of the University replied
as follows:
Reno New, Jan. 80, 1907.
Hon. Robert E. Skaggs,
Speaker,
Carson City, Nevada,
Dear Sir:
acknowledging your valued favor
of the 10Th, inst, l take pleasure in
answering your questions as follows:
"Q-1-Why does it cost more to
run the institution now than when the
attendance was much larger?
"A-The attedance Of the school Of
mines is as large now as it ever has
been. The apparent falling off in at
tendance is mostly in the preparatory
| department, or high school, and is due
to the increased educational requisites
for admission. The attendance at the
Normal school has also decreased; but
the attendance at the university Itself
is, practically speaking, as great now
as it ever has been. 1his includes the
school Of mines, school Of liberal arts
school Of mechanical arts and SchoO
OF civil engineering. The cost is III
creased for the simple reason thai
There has been a Well-defned policy
to increase the facilities of education
at the university to bring it up to tht
standard of other similar institution
and this has been accomplished to
great extent, but there still remain
work to be done. In former years W
were permitted to use experiment sta
ton men in teaching and portions c
the Morrill, fund and Of the Hatch fun
tboth contributed by the federal go'
ernmenD to defray many tins of e.
Ipense. The FEDERAL government ha
stopped all this, and thus throws
larger proportion Of expense upon th
state Of nevada.
%. With our unparalleled pro
perity why does not the attendance
the University increase?
2 "A-It has increased during the pa
2 three or four years: 1904 attendan,
has been 257, 1905 254, 1906 2S4, al
1907 is now 294 and will reach 315
320 beofre June 1st.
up to the present time the univ,
The daily appeal. [volume] (Carson City, Nev.) 1906-1907, 1907-02-01
BROCK ADDRESSES THE SENATE.
SUPERINTENDENT OF TONOPAH 8 COLDFIELO RAILROAD
PLEADS WITH THE LAWMAKERS

five miles northeast OF Tonopan,
which cannot be operated until rail-
roads tap that country.
And if restrictions too severe are
placed on railroads, and limitations
TOO stringent this country will remain
closed and undeveloped.
| am afraid some of our friends il
southern Nevada do not get their
mail in time This we have no con-
troll, as for instance, yesterday We
passed the northern train 100 miles
further south than We should have
done, owing TO a freight car having
gone off the track.
We have had built the finest equip
ment that money could buy and have
consluered the interests of the people
/ 10 cur utmost and we work our rail-
road to the interest and development
Of the gold mines in general
Gentlemen | must thank you for
this lind audience.
Question by Senator Pyne. Mr..
Brock could you not gives us some
statistics OF your rates, tariff and
transportation. Mr.. Brock said he
had no statistics and therefore did
not care to answer.
Senator Pyne. Is it not fact that
your rates between Nina and Gold
field exceed twenty per cent permitted
by the law.
Mr.. Brock replied no, except We
have had high grade ore which
amounts to the same as jewelry and
ought to be carried by express.
Senator Pyne. Would you have any
exception Of presenting a schedule ci
your rates on freight charged by youl
lines between Nina and Goldfield
, forwarded to he railrdoad ommittee
Mr.. Brock. Our policy has always
, been to reduce rates. Whenever We
: see it is to the benefit of the commun
| ity. We have already reduced from
: eight cents to six, and if we find tht
volume of traffic warrants it we will
: still further reduce.
: Senator Boyd. Are the rates @
t the two companies controlled by th,
2 one road.
f Mr.. Brock Yes.
D Senator Pyne. Have you any ide;
3 to fix your earning on the capital il
a vested.
r Mr.. Brock No. Our policy is i
y the interest of the mines. No On
5. has any concessions. There are Il
r switching charges made. The rate
n from the mines are the same as
It from the main line. Mr.. Brock state
If that the price of merchandise toda
n in Goldfield was identically the san
l. as before the railroad was built an
G. he thought th5 merchant would r
r ceive the benefit of a reduced tari
and not the community. But VIII;
ID he wanted was to see the tenderfO'
Ut Of the east coming to the country
c. take up claims and develop the cou
X try. And as Development necessita
ed more railroads would be built a
II, Icrodingly. He promised that the fl
of schedule would be laid before Il
so railroad commission.
N. vote of tE3nl.s was unanimous
" passed by the senate to Mr.. Brock.
The daily appeal. [volume] (Carson City, Nev.) 1906-1907, 1907-02-01
TURNED UP SAFE.

Safe and sound, and little the
worse from their terrible trip through
the snow-clad mountains, ]. N. Norris
and wife and James Lawrence, SUP.
posed to have been lost in the storm
Of last Saturday, have arrived at Rhy-
olite. The party started from Gold
Mountain to Montana station on Jan.
uary 1S to eter the employ Of J. P.
Mitchell. Coming through the noun.
The daily appeal. [volume] (Carson City, Nev.) 1906-1907, 1907-02-01
He Gives Data Regarding the Charges
On His Line.

Today 1t o'clock superintendent
Brock of the Tonopah and Goldfield |
Railway addressed the senate on
Pynets railroad tariff bill
He spoke substantially as follows:
My interests and my friends are in
tirely in gold mines, before the days Of
teams the gold mines of Nevada were
an unknown quantity now the develop
ment is such it requires railroads to
handle the enormous amount Of ore
produced, we threfbre constructed a
narrow guage road at an enormous ey.
pense we lost twelve miles through :.
washout, in October, we found it nee
essary to make connections with the
main lines, so great was the traffic
and at the great sacrifice we had TO
change the narrow guage into the
broad guage SO as to enable us to
work with the other main lines. This
caused us an enormous expense and
sacrifice The rates on ore were
gagged according to the grade of ore,
which began at forty dollars per ton.
Question of operating railroad in
the desert. The people of the east
had no conception. For instance we
pay the highest wages, three times as
much as in the east and for equipment
four times as much. Then again we
cannot get rails any nearer than east
of Chicago. The same applies to all
construction material. At the pres
ent time, and during the period our
railroad was being constructed, we
had to pay commercial rates on all
construction material. And the same
expense applies to all running mater
ial of the road. For instance, it
costs us $40 so for every tank of wat
er, the coal cost us S1S3 car and all
things in proportion which are nee
essary for the workings Of railroad
Wages are high, living is high, loco
motives cost us from $14 900 to SIG,
900, freight cars $3.50. Ties we cannot
get in the state of Nevada. AS the
wood is too soft to bear the strain OF
equipment therefore we have to &C
to the enormous expense of bringing
them from the state of Oregon, 6
distance of eight hundred miles ovel
the Sierra Nevada mountains. Every
railroad is built on the cash basis
We have to pay cash for our mater
ial and equipment. The railroads ii
this state are entirely dependal
upon the success and production ,
the gold mines. So that We rul
enormous risks in building new raj
roads, being dependent On the sue
cess of the mines. We get no guar
antee whatsoever.
| do not ask these gentlemen |
pay no attention to the railroads, bu
is it wise to go to extremes in pla
ing burdens on railroad, if you e.
pect other railroads to be built
We have constructed new mil
which will deprive our own road
from to 500 tons daily, and we ais
have another one under constructio
There are mines untold, sevent
The daily appeal. [volume] (Carson City, Nev.) 1906-1907, 1907-02-01

tains to Montana, the party lost their
way and wandered around until they
met a prospector who put them on
their way through Ida valley to-
wards Rhyolite, and furnished them
sufficient food to last them until they
reached Ida or Rhyolite. From Rhy-
olite the party went to Montana sta
ton as quickly as possible to relieve
the anxiety of their friends.-Gold-
field Tribune
The daily appeal. [volume] (Carson City, Nev.) 1906-1907, 1907-02-01
SLIGHT WRECK

IN 5. P. freight train jumped the
tracks while going through the Sierra
snow sheds and bounced along the
ties for ? distance of over two miles
tearing up the track. Traffic was de-
iaved bv the accident.
The daily appeal. [volume] (Carson City, Nev.) 1906-1907, 1907-02-01
BEATEN AND ROBBED

TRUCKEE, Jan. 31-Holger Moi
gerson, a laborer, reported to the
police hat four men had beaten and
robbed hlm of $3.50 -Four men have
been arrested and he has identified
ghem as his assailants.
The daily appeal. [volume] (Carson City, Nev.) 1906-1907, 1907-02-01

becomes wealthy and happy, his in
nocence being proven by the confes-
all his property to him. His daughter
marries the man whom she has loved
and waited for for many years, and all
ends very happily.