Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1907-07-15

cnnitaliyed Az N fnntter of fact all
money which had been annually ap-
nronriated NV the hoard NJ directors
was charged against the income OF the
nronertv ~ additinn 10 having the
dividands. so TINT nh tho money SO
nnnronrinted Ind once been paid out
~ incnn,a ana ma dnrinU many Years
hoo, cbnry.d an ia oneratlnw ex-
nenaes
a,,hi. ,,onoo, 90 aacn,,p,in,- would
n,va he a,rs,, ~ coverine, an The nav
man, of the diy,derd nif ~ the pro-
cneds ~ The ,,,ortsnge and the dis
CONT nm tbe bonds. 40 that one read
Inc tba onp,,ni puhiiahed renort of the
cn1,,na 49, v,nnIa M, see the tt,ia state
Oc $3.50 9rtn nn,,niss,n, cennot saw
tbis VAS Ne ohis.t but' one exnert
,o Iir,od ocro,,ntn,,t testified that this
,,,,,,,S ", ~ M. 'es'''''
s.L,,,.,t, ,r,,, ~ \, stead, ne pavihp all
or NC counons n,,ts,andine On the
nrior nortsnee hnnds and canceIIing
them ms was oontemplated when the
$40 0oO. 600 mortgage was made, sgS7,-
~ of tbese nonnons were from 1901
TO 1905. carried as an asset i'm the
TREASURY OF the Alton company under
the head of funded interest account.
and on June 30. 905. credited 70 as
sets and charged To capital account of
the Chicago 4 Alton Railway conf
pany. The assets and the proht and
loss account OF the company were
swelled by this transaction to the eN-
tent of S931477; thus IN fact. turning
a debt or obligation of the company
which should have been paid and can
ceiled, INTO an asset ana capiWllSils
the same,
Having acquired the stouh ol tuo
chicago Alton halIoiu 'oi,lPailN'
the syndicate ORGANIZED the Snlca tso
q Alton h ,iii uori.p"'S . uu
laws Oh lliinoie' MY unrsi ,S,, ~ 81,
lher STOCK nl the fdliiouu S"i',puuS w
un i'i,ei - ol,s ,I,o e.tnntnn
Mio n,'l ~ ~ ~. ,,,,,,,t ,,,ith
elitercu li'u (" 1917, tba new
Wv ". h,,, rro,,, bfrn their
In '.,, IA on,ronv for the FOL-
i,,',,t'. 20 ~
"Eor tbois 81 100 shares Of prererred
s,ocls ,vhich nod cost them Ss.94i4 I0,
ana on which they had received a
spoclaI dividend of ST OH GEO, according
~ t,,is cortract tho,, nhtniued i'm cash
.TVo, their ts2 opl shares of common
stoc,S transfarred Ia tho railway COM
many which bad cost them sac 004 200.
ana an ,vhirb thew had received d spe-
oiaI dividand ~ * Aae 720 thev received
Iea son shares ~ nreferred and 1915 42S
ebores NJ common stock q total OF SgO-
9ie sharr. as tha nov. rnn,rnnv
AAnC mot Il
mis- etncls rn,. hi Il does opneay mai
The trnion paciHc RsiIroad companv
hnucht a. 1ooi mo Qst sbares Of ms nre-
fsrred NJ $50 "a a share
,rt ann,nra thnt Hartman schiff
co,,ia and ctilI,,,nr aIso owned a Zinc
of railrnad IS miles long which there
is sS,,,n o,,iac,,ca 10 sbov, had cost thorn
very rnucb less thnn ~ mo non This rail.
ROAD u,os atsn transforred 10 tbe Inter.
medtarv stanton who sold n m tho
new co,nnnnv for az 600 600 cash. So
tba, hy tbIs ,ransoction the sN,ndicatc
We're 70 rnroive in cash ala 200 oO0 and
ali tho s,ocir NJ tbn now comnanv In
exchaneo for about qs nor conf Of The
stoclf ~ thc ola cnmnanv ana the rail.
roed ss niles long
IT. ra,sr "a sis ooo nm In casb tho
shnres ~ tho ala railroad were 6rst
mortgaee for 500 o0o ooo and the bonds
were nominallv sold 10 Kuhn Toeb ~
% co., rsa nm 0o0 caah o, a tittln iasu
Than s0 cents On Tho dollar AZ a mat.
ter or Zoo, n annnors b,, Tho teatinony
of Mr. Horrtrnap mat Mr. stanton
navnr oyvnaJ any or Tho stoclx ne ,he
railroad hut u,aS, a nere intermediary
what these bonds We're worth does
mt anneor but n does annear mar they
were sold In the marlset fror, 1900 dolvn
to the nresent time nj 7siS IN SAL. and
fiat d,,rin,y two or tbree yaars n tier
the tssue thereof tbey ranyed from "a
IN ssIs Mr. UarrIman testified tbat he
had no hooks m sbovv tho nrofit nm these
bonds ana bad no ,,nowlaJeo os What
bc ana hIs aasoc,atas rn.Ia In tba
transsction
"Duri,v an those yoars Mr. Hartman
was cbairn,an or The executive .,onn,it.
toe Of tba cbicoea g. A1tn,, pa,i,as,a
comnarry ANA ~ fho 6,bicagn g. h,ton
RaiIway con,nsnv had cba,sSe ~ their
ananc;nI affairs ana 1,'as ,,otsd s,oa 700
ro, his sarv,cas nc OH, i,n,an az ~ ~
ec,,ti,ro nn,nr,;t,ar So, taoo 10 ,ans
,,rTsl;n q, tha nrioinad Got ~ ,,,e r,o
orr, ne ~ stood 90, ne +notss % ~
Alton S,,,,nany, ne q iSoS oa sao oes
ss7 ,Sxna - .,n,,n, ~ uS s 20
,1oo,s ~ r. $50 'S'nrs,' ~, NJ ur
man NJ. Eutton ana NJ It,i,,aa 20
ha ,,a 49, 800 -, au .t NJ a,,,a.u ~
10 e. 49, SPe..t upV'i enu ProPeItS ou'
~ ~ LIZ rev sap I,'. issueu al.er MI
oa,s,nai 80 a." NC ,i.. ou.as ne
oon mo Grot,,s,n -, o WI. aope' go,
oS tI poavia "a e, non 90 @oo t'i'ss
si,o, No. ,,atnttias a. S",voV st,o so,
oan 49, "%S na9'', ,,,a, u "neI siissgt;
bs, n,,stn Lii upon ptolInty Mh'S W
,,.,iI,,,,,s N ,,,s opp % 20
iinhi,,,sa,r ", 81 eass ~ 500 anu
n SoI,ar 30 tongthia rS.erast,, T t,S nv
SoI ~ Ing ioin ps1pe eee nao peeh
auu ap,o loi pia ,y soo,voo'ovg,
, mHs "ulliie.eu by Mr' thurman Hartman
-, 'ae f m%s uuou' soo'voV,Vou OF
,.t,tnh ~ .n1n.,. 80, hsflhs'
MI III oy,,, uaa peen nopuireu.
s' s,I .,tIs 20 ",uuuo.euls an accurate
,rs.,,,o r5,,1 nppeaIs ny tne
~, ',t".is W -oI, h,iiiru tnat since
nc W tis,i' .li maj coi.soI mus enueq anu