davidaulloa/AmericanStories huggingface dataset:
The morning journal-courier., 1908-12-10
FEDERAL CONTROL OF STOCK ISSUES Senator Delivers s Measure De- signed to Prevent Overcap- itaization and Other
 Abuses.
AN ADMINISTRATION BILL
Subjects Future Issues of Bonds and Stocks to cgIIlation-TeIcphon and Telegraph Companies
 Included.

Washington, Dec Q X far reaching bill for the regulation of future issues of securities by transportation com panics and telegraph and telephone companies engaged in interstate com merce was Introduced in the senate to- day by Mr Dolliyer one of the authors of the railroad rate law. It Is said that the measure represents the adminlstra- tons views of the subject. The pro visions of the bin were explained by Its author as follows;
 The measure is designed to subject the future issues of stocks and bonds by the railroad companies telephone and telegraph companies, engaged in interstate commerce, 10 the scrutiny of the government of the United States It is drawn on the theory that these corporations should be SO organized that there should be some just and reasonable relation between their as sets and their liabilities It Is intend- ed to prevent for the future over capitalization, stock watering, bond manipulating and all similar abuses. which in times past have brought more or loss dsrepute upon the management of railway properties The effect of it will he give stability 10 the existing volume Of railway securities and at the same time to so guard future issues as 10 give normal values to stocks and bonds.
 "The hill is applicable to all corpora tions which are subject to existing laws for the regulation of interstate com merce and if in addition to telephone and telegraph companies engaged in in- terstate commerce.
 "1t Is undertaken In the bill to make standard of legality by which tho vallity of stock and bond issues may be adludged These features of inc blll nave been drawn without any ln- tenton to hinder or embarrass legiti- mate enterprise, either of railroad building or railroad consolidation"
 After defining the standard of le- gaity the bill requires corporations subject to it. when new issue of se- curlties is proposed. to make q full re- port of their proceedings In respect tc them to the interstate commerce com mission. showing the amount and char acter of the securities t proposes tc issue. and the purpose to which inc proceeds are to he implied. The bil then provides that the interstate com. merce commission, after a full hear ing, shall determine whether the pro posed issues are in conformity to the act. In case properties are sought to bc united fuil authority is given 10 the commission to make a valuation o the property in order that the combina- tion may not operate to unreasonablN increase the obligations outstanding Il Is provided finally that securities issued without compliance with the pro, visions of the bill shall be considered fraudulent and void, and that they shali subject the parties responsible fol the unlawful issue 10 the penalties o the law.
The morning journal-courier., 1908-12-10
BRITAIN ADOPTS PROTECTION.

London, Dee. 9.--It is expected that the bill prohibiting tho use of hop substitutcs in the manufacture of beer. introduced in thc house of com mons yesterday by Chancellor of tho EXchCGuer Lloyd George, will pass be- fore the Christmas adjournment and this being the case lt will become operative April l. 1909. The second clause of the measure is regarded as strongly protective and especially against Germany.
The morning journal-courier., 1908-12-10
TR0LLEY EYMEN TO MEET
Annual Election of Oniccrs to Be Held
 This Afternoon,

The annual election of officers of the 1roloymen's union of this city will take place at Union hall in orange street to,day at o'clock Thomas Des- kin, the president Is the only nominee for that office Mr. Deskm who ls a notorman, has been at the head of the union since the retirement of C, W, Mlnnlx, who ls now chalrman of the executive committee. which represents all Of the trolcymcu employed on the lines controlled by the New Haven road
 John II Murphy Is the only nominee for yice president but there Is ' contest for tho position of recording secretary r. D, 1odon, tho incumbent, ls running against A. S. Cullinan D F, Mckay Is named Tor treasurer, James j, Lynch for dnauelal secretary, and M, Traut- man and T. RelllS are both working for the office ot conductor George Miller and lt, M. Cunnmsnam are con testing for tho office of sentinel
 Charles MlnnlN and Thomas Deskn arc named for election as the two dele gates Co the joint conference board, They have this position since the for nation of the board. about two years ago,
The morning journal-courier., 1908-12-10
COL. MORTON'S BENEFIT
Interest in Concert of Sunday Night
 steadily Growing.

The interest in the coming benefit concert to be given for George Mor- ton. the former press agent of tho date approaches and thc indications are that the Grand opera house will be well filled when the curtain goes up Sunday night. The plan of re- serving all seats in the house at tWen- tv-dve cents mas met with great favor, ing rapidly. The Dorscht lodge, of which Colonel Morton is a member, Is now making final arrangements for the benefit, and an excellent program g assured
The morning journal-courier., 1908-12-10
LAST MESSAGE CONSISTENT.

Paris, Dec. N,--CommentinE upon President Rooscyclts message, Temps expresses the opinion that his "Nalc- dictory' shows that he is faithful to himself and consistent to the last in the battle for reforms which opened auspicously after the death of Me- Kinlcy. "The world can only approve President Rooseyelts application of the Golden Rule to foreign politics.
The morning journal-courier., 1908-12-10
GENERAL JACKSON DEAD.

Loavenworth, Kans., Dec. 9,-Brig.- a General Henry Jackson retired died at hls home tonight of cancer aged 11
 years. General Jackson was soldier in the Civil war, the Spanish war and several Indian campaigns. He was born in Canterbury, England and was
The morning journal-courier., 1908-12-10
HALE SENATE LEADER
Succeeds Nilsson as Chairman of
 SlonrIng Cnmmiloo.

Washington, Dec 9,--A largely at- tended caucus of republican senators to-day unanimously oloctod Senator Hale of Maine chairman of tie ro- publican caucus, to succeed the joto Senator Allison of Iowa, The position carries with 1t the chairmanship of tho republican steering committee of the senate, which determines all jm- portant legislation in the senate, ana also imposes the duty of selecting members of the committee on com mitteos, all of them very Important duties.
The morning journal-courier., 1908-12-10
RUFF IN JURYS HANDS
No Verdict Reached Up lo Late Hour
 Last Night.

San Francisco, Dec 9.--rhe Ruef case was given to the jury at 3;36 o'clock this afternoon but up to late hour to- night had returned no verdict
 The jury returned from dinner about s o'clock and after deliberating for an hour and balf came into the court room at 9:30 and asked that the testi- mooy of former Supervisor Furey, Wilson and Gallagher be read The reading of the testimony consumed about an hour The court room was dpnsely crowded.
The morning journal-courier., 1908-12-10
TARIFF COMMISSION BILL

Washington, Dec o.--A bill provd- ing for the establishment of tariff commission of seven members to fix the rates of duties on all imports, was in the house of representa- tiyes to-day by Representative FoW- ter of New Jersey,
The morning journal-courier., 1908-12-10
Go-as-you-p1EAsE RACE.

Detroit, Dec. 9.-Ten contestants remained in the 72-hour go-as-you- please race at Light Guard armorv when the | o'clock gun tonight marked the end of the third days work. Dinneen had made TIT miles and one lap; Prouty ITO miles 6 laps; Klubertans, 161 miles laps Davis 153 miles i lap; Loesler, 145 miles 0 laps; shelton. 143 miles laps; Feen- ey, 141 miles, Day 137 miles 10 laps; Teagle, 132 miles laps Ownhy, 119 miles 10 lans
The morning journal-courier., 1908-12-10
DO DAYS FOR EVACUATION.

Washington, Dec Ex-Governor Ma goon of Cuba, declared tonight that the American troops will be com pletely withdrawn from the island in less than 90 days after the inaugura- tion of the recently elected president. He expressed full confidence in the ability of the Cubans to govern them selves well.
The morning journal-courier., 1908-12-10
SuLXER NTIONAL PRESIDENT

Washington, Dee. g. The National League of Democratic clubs today sc- locted as temporary officers Represen- tatve Suzer of New York, president; William C, Liller of New York, srcrc- tarr, Cotter T. Bride, Washington, D. C.. troaearcr.
The morning journal-courier., 1908-12-10
TAFT AIDS NEGRO BENEFIT.

Washington, Dec. 2, a,-prcsidcnt- tect Taft to-day attended the first meet Ing cf tho board of trustees of the negro rural school fund of which he $l ,O06,O0o, donated hy the late Miss Anna T. Ieanes, of philadelphia, for in- dustral training in the south,
The morning journal-courier., 1908-12-10
PRINCETON WINS AT HOCKEY.

New York, Dec, 9.--PrInceton defeat- ed the hockey club of New York at hockey in the St. Nicholas rink here to- night by the score of to O. The Princeton men outplayed the local In all ponts of the game.
The morning journal-courier., 1908-12-10
COLLEGE PROFESSOR KILLED.

Hyattsville, Mdo Dee. 9-The man gled body of Professor Peter NJ. Novik, a Norwegian instructor i'm horticulture at the Maryland Agricultural college, was found on 2 railroad track here to- day. There were no indications of foul play. He was 50 years old and grad ualo of Cornell
The morning journal-courier., 1908-12-10
DIED IN PRAYER.

Plainvillo, Dee. 0.--Whilc reading q passage from the Bible at tho Congre- gational church prayer meeting to- night Frank B. Barnes. ffty-6re years old dropped dead from heart disease. Mir. Barnes leaves a widow.
The morning journal-courier., 1908-12-10

The Captain Cas he throws out spare tire olive often wondered what these motors carried life buoys for but they seem to be useful after all Grab hold of it, mate, and we'll have you aboard in two shaltes,-Thc THtler,
The morning journal-courier., 1908-12-10
CHIEF WRINN BETTER.

Former Chief of Police James Wrinn who was injured by q fall down stairs several days ago, was reported in better condition last night and his recovery Is looked for.
The Birmingham age-herald., 1908-02-09

ancy of the gilt-edged section of the stock market was replaced this week by quietude, accompanied by profit taking owing to the dearer money. Quotations on consos after touching SSs closed at price of last Saturday, while home rates were depressed at the weekend by poor board of trade returns following unsatis- factory dividends. The dearness of money caused by revenue collections, which ne- cessitated the market borrowing from the banks, the fact that discount rates suddenly grew 6.,m when it became ap- parent that France would take the gold borrowed during the American crisis in- stead of renewing her bills, coupled with the reaction on the New York stock ex- change, which elouded the prospects of early gold shipments from New York to London, made a reduction in the Bank of England's rate of discount less prob able for a time.
 These several influences, with speeula- tive proiit-taking, acted adversely on quo- tations but the intrinsic position of the market is sound, The course of the Wall street accident during the past week was not calculated to inspire confidence or promote operations in American rails here. Prices on the American section moved listlessly and generally downward. Trade contraction, poor earnings and probable borrowings assisted the bears to depress the market, and in spite of occasional in- iuential support values on Americans closed from to 6 points lower than last Saturday.
The Birmingham age-herald., 1908-02-09
COTTON MARKET \ IN WAITING MOOD Traders Hang on Ragged Edge and Accomplish Little PRICES UP A FEW POINTS Market Looks 6ullish, But Bears Have Stronger Pull On Affairs and a
 Big Advance Is Not
 Expected.
PRICES UP A FEW POINTS

New York, February s.-The cotton market opened steady, unchanged to slightly lower with only professional trad ing. Many believe that there is a big deal on in straddle with the long end of May and the short end of July. with the big spot people interested The professionals were inclined to take the short side of the market, although there was no trading to speak of with no tendency manifest.
 The weather for the week was unfavor- able and this restricted the movement. The week end figures for the movement were bullish. The decrease in the Amer ican visible was a feature.
 There are many signs that the sweeping agitation against trade institutions is be- ing followed by more sober reasoning. The i'll effects of wholesale annihilation of the ee exchange of commercial ideas is belf : felt in practical way. It is probably being realized that all these restrictive measures only curtail the southern vote in the dictation of price and are leaving the consuming anti southern markets in a privileged majority and that, coming down to brass tacks. the cotton producer has arrived at a choice between free open trade wlAere every individual can express his belief commercially, or the, autocratic dictum of cotton trust. which political develop ments in cotton spheres during the past two years show Is secretly. but unmis- takably in progress of creation. The cot ton producer then would be in the same fix as the sugar man who is dictated to by the sugar trust, the oil man by the oil trust and 80 on. Such trusts may be legally destroyed, but the pooling of cap ital in one form or the other for control cannot be prevented.
 The cotton market closed steady with prices net 5 points higher to points lower.
 Receipts at the ports today 2S, 556 bales. againsct 29.517 last week and 36.750 last year. For the week 220,0o0, against 217,- 956 last week and 2OS915 last year.
 Today's receipts at New Orleans, 5031 bales. against TITS last year, and at Houston 7164, against 1S,752 last year.
The Birmingham age-herald., 1908-02-09
Aubbard Bros, 6 Co.'s Letter.

New York, February S.-tspecial. )- The strength in the nearby positions and the advance in the market is due to a growing appreciation of the better con- tract this year and a demand for our low grades
 Europe is naturally in a pessimistic mood; looking at the advices received from here of the depression in trade paid little attention to the smaller move ment of the crop last week.
 Here the trade has heard for several days that the south was becoming weak CT on their holding theories, but the competition of various interests for the stock here, partly to protect themselves against hedges in July and partly on the relative cheapness of cotton here closed the market steady at an advance.
 The difference between this market and Liverpool is now the smallest in many seasons, due to the better contract here and the difficulty of bringing cotton hers for delivery
The Birmingham age-herald., 1908-02-09
Manchester Cloth Market.

Manchester, February S.-The cloth market was decidedly quiet during the past week and some manufacturers are making concessions in order to do busi- ness. The Chinese Ney Year did not bring increased orders in spite of the reports of small stock at various places, while the Indian Mediterranean and South American orders amounted 10 practically nothing
 Yarns moved equally slowly. Mar gins are gradually disappearing, sup plies are increasing and the question of shutting down temporiarily is being seriously considered in some quarters.
The Birmingham age-herald., 1908-02-09
Fruits and Produca.

Corrected daily by Douglass Bros.1 Lemons-Per box, extra fancy, s4.50. Cabbage-Virg.na. 1l5c pound; Holland seed, 11ac pound; Florida, per crate. g. 30. Onions-Per pound. ZIG.
 Northern Potatoes-Per bushel. e5c. Hens-35c; brolers, 10@20c.
 Eggs-Alabama, 25c; Tennessee, 25c. Butter-Fresh, 12lkQl5c; renovated. 1a0c: creamery, 24c.
 Cheese-Full cream. per pound, 161zc. Nuts-Erslish walnuts 15c per pounds flberts, 121sc per pound; oceans. 13c per pound; almonds, 1se per pound; mixed nuts: 14c per pound; Italian chestnuts, sc. crown layers, $40.
 Dates-Per case, 30 pound case, a. Figs-Layers crown. Jt10;-s crown. S1 D per box: case, 36 pound boxes. s2.5 Peanuts-Fancy, per pound, 61sc; choice. 5is06lsc.
 Sweet Potatoes-Dooey yams. s1.o0 Cocoanuts-s40o per 100.
 Apples. IF ncy. s5d5.50: choice. s4509s Limes-imported, per 100, SIPS. Oranges-Florda, box, $S 25q2.5O Hananas-Per bunch. Sl.25G1. 75. Malaga Grapes-Per keg, si.5oQ5. 5o Spanish Onions-Per crate, Sl.60. Celery-Caifornia. doz Sac; crate, &. 7i Rutabagos-1iar per pound.
 Celery-C California doz.. S5c: crate. S Cranberres--Per box, S2.7S.
 .rapefrut-Box,. s4.5o.
 Tangerines-Double strap. S5.
 Turkeys-Dressed. 16c to 1Sc.
 Turleys-Livo. h., 12914c.
 Onion sets yellow. per bushel. s2,0 Onion sets. white. per bushel s2.75. Onion sets. red. S.
 Seed potatoes, Tennessee Triumph, per bushe. $1.05; Rose. sl; Peerless, s1; He bron, s1; Burbank. s1
The Birmingham age-herald., 1908-02-09

quiet; prices unchanged.
 middling fair. 6.s7d; good 6.61d middling, 6.35di low 6.10d good ordinary. 5.59d. 1- -. 5.0sd. The sales of the day were 5000 bales. of which 300 were for specula- tion and export, and included 4700 American. Receipts, 15.O00 bales. in eluding $500 American.
 Futures opened quiet and steady and closed quiet American middling, c. O. C.: February. 5.90; February March, 5.SS; March April. 5.s71s April May 5.85; May-Jnne, 5.s21z; June-July, 5.soi July-August. 5.741a; August September, 5.64 eptember-October. 5.511s; Octo- November, 5.42; November -Deeem- Der, 5.391k
The Birmingham age-herald., 1908-02-09
Naval Stores.

Savannah. February S.-Turpentine firm at 51c; sales, 256; receipts, 145; shipments, 131. Rosin firm; sales, 15S6; receipts, 2554; shipments. 14s0; stock, 97,353 Quote: A, B, c. D, E. $3.55; F., $3.55 @3.65; c, s3.55@3.7O; H, $3.55@ S.75; I, $4; K, s5; M, s5.25; N, $5.s0; window glass, $5.60; water white, $6.60.
 Wilmington, February S.-Spirits of turpentine steady at BOG; receipts. 8. Resin steady at $3.25 receipts, 91. Tar, nothing doing; receipts, none. Crude turpentine firm at $2.S5, $S.50 and $5; receipts, 38.
The Birmingham age-herald., 1908-02-09
T.T-TWo of a k-k.Klnd.

From Everybody's Magazine.
 A tall man, impatiently pacing the plat form of wayslde station, accosted 8 red-haired boy of about 12
 "S-s-say" he said, 'd-d-do y-you know ha- -ha how late this train is?'
 The boy grinned but made no reply. The man stuttered out something about redheaded kids in general and passed into the station.
 A stranger, overhearing the one-sided conversation, asked the boy why he hadn't answered the big man.
 "D-d-d'ye wanter see me g-g-et me fla fa-race punched?' stammered the boy. "D-ddat big g-g-guy'd tink I was mo-mo- mocking him."
The Birmingham age-herald., 1908-02-09
Dry Goods.

New York, February S.-The dry goods market closed quiet and steady. Next week jobbers' sales will be ire quent as many buyers are coming in on excursions from the south and southwest. Cotton goods hold fairly steady but a light trade is passing. Raw silk Is lower again and has reached the lowest level for some time. Staple woolens and wersteds will be opened Monday by two leading houses. The curtailment of production in the mills is increasing very rapidly Print cloth. 28-inch standard, 4c; 2S-inch SAX 60, age; gray goods, 38 # finch stand ard, 5Ac;s gray goods, 39-inch, bc' brown drills standard, 7c; brown drills yards B&c; brown drills, yards h6x60 hhc.
The Birmingham age-herald., 1908-02-09
Bonds.
Money on Call.

. New York; February S-Money on call nominal. Time loans steady but quiet; 50 days, Ss4Q4 per cent; 90 days. 4 per cent; six months, 41s per cent. Prime mercan- tile paper q as per cent; sterling ex- change easy with actual business in bank CTS bill at S4. .s6. .4Oa4 Se. 50 for demand and at s4.S3a4. S3. Is for GO-day bills; commer- cial bills, S4.S2A@4.Ss; bar silver. 561zc; Mexican dollars. 47c; government bonds steady; railroad bonds steady.
The Birmingham age-herald., 1908-02-09
Metal Market

New York, February S-There was no quotable change in the various metal mark cts and business was quiet In the absence of cables. Copper was dull and nominal, with lake quoted at $13.5O@13.75; electrolytic at $13.37h@ 13.621a and casting at $13.12M @13.S7h. Lead dull and unchanged at $3.65@3.75, and spelter quiet at s4.55@4.65. Iron was quiet at recent prices
The Birmingham age-herald., 1908-02-09
Imports and Exports.

New York, February S.-Importss of merchandise and dry goods at the port of New York for the week ending Feb ruary l, was valued at $12,832,S31 Inn ports of specie for the port of New York for the week ending today were $23,156 silver, and $352,273 gold. Ex- ports of specie from the port of New York for the week ending today were $761,118 gold, and s564,075 silver
The Birmingham age-herald., 1908-02-09
Chicago Change.

Chicago February S.-(Special. )-The day WAS favorable to the bears in wheat and at the close the price showed 1 cent a bushel decline It's heavness acted to the disadvantage of the other grains. but the decline in corn was only 14c and in oats A@ssc. Provisions worked slight ly upward, but lost practically. all the ad- vance before the closing.
 Leading futures wore as follows:
The Birmingham age-herald., 1908-02-09
Treasury Statement.

Washington, February S.-Today's state ment of the treasury balance in the gen. eral fund, exclusive of the $50, 0000oo gold reserve, shows: Available cash balance. $266, 1OS, IFS; gold coin and bullion, s24, ,665, 201; gold certificates $41 1929, 1SO.
The Birmingham age-herald., 1908-02-09
Pepper-Grain, 16c; ground, 20c-
 a eo

Pepper-GraIn. 16c; ground, 2oc- Prunes-Boxes. O0-6o per pound. % White peas-Par bushels, $3.25. Rice-Fun head. 7c; Jap Sc; low grade. 4G14hc.
 Raisins Per package. 12xc; per 20 LL. box g.
 Peas-Per bushel: Blac:Seyes, s3.zS. Soap-Octagon. $3. 90; Lenox, $. 60; Polo. s2.&; Ivory, small size, s4; large. ss.75; Big Deal, s1. 90; Pay Day, s1.S5; Grandpa's Wonder, s3.S5.
 Soda-Arm & Hammer brand. 6O-lb cases. ss.
 Starch-Bulk, 4c per pound; celluloid. S2.5O case
 Ginseng-Per pound. ss. .5O@4.5 .5o
The Birmingham age-herald., 1908-02-09
Cotton Seed oil.

New York. February 8.-Cotton seed oil easier; prime crude, 29hc; prime yellow. 38%c.
 New Orleans, February s.-Cotton seed oil, prime, 37c
The Birmingham age-herald., 1908-02-09
Flour. Meal and Feed stuffs.

(Corrected daily by Tennessee Mill Cos Flour-Fancy patent, s65o; Nellie King, $50; second patent, $5.25.
 Meal-Water ground, TIC bu.; e6-lb. bags, Sl.55.
 Corn-No 2 mixed, 76c; white. soc. Oats-No. ? mixed, 65c; No. white. 6sc: white clip, 6Sc.
 Pure wheat bran, 100 pounds. s14S. Cotton seed feed meal. s25 prime, yz7. Corn chops-S0 pounds, s120.
 Corn hearts. 100 pounds, Sl 50. .5# Shorts-1O0- pound sacks. $1 50. Hulls-S0-lb c. S.. sl2.50 ton; 10o-lb C. c.. S12.25 tc
 tav-Choiea timothy $2Sl No. timo- thy, s22; Johnson grass $l6; clover mixed. s22; choice green alfalfa, s25
The Birmingham age-herald., 1908-02-09
Weekly Bank Statement.


 New York, February S.-The statement of clearing house banks for the week shows that the banks hold s29,S32,175 more than the requirements of the 25 per cent reserve rule. This is a decrease of $lo,- 694.550 in the proportionate cash reserve as compared with last week. The state ment follows:
 Loans, $1139, 755. 700; increase $5,96s, 600. Deposits, $1 ,137, ,3S4,500; decrease H, GOO. Circulation. se7,3s150o; decrease H,s72,- 200
 Legal tenders. ssoo7s,Ooo; decrease $s15,- 900.
 Specie, $254 4,os1 300; decrease ;4,058, 300. Reserve, $314, IFS, 300: decrease $10,S73, TOO. Reserve required, s2s4, ,346.125; decrease $279, ,25O
 Surplus, s29. .832,175; decrease $1o ,Ss4, $50. Excess United States deposits, $H, 750,- $50; decrease $11, ,031,775.
 The percentage of actual reserve of the clearing house banks at the close of busi- ness was 7.70. The statement of banks and trust companies of Greater New York, not members of the clearing house, issued for the first time today shows these institutions have aggregate deposits of $6134T S,500. a total cash on hand of s4s,026,0O, and loans amounting to $77O,- 262, 800.