davidaulloa/AmericanStories huggingface dataset:
The Daily Missoulian. [volume] (Missoula, Mont.) 1904-1961, 1909-02-28
Attacks Curry.

Another statement was read re-
counting the difficulties by Ormysby
McHarg, who went to New Mexico in
1907 as an agent of the department of
justice to prosecute land frauds. This
statement declares that Mr.. McHarg
was hampered in his work by Cover
nor Currey and his attorney general
Judge A. B. Fall.
Among other confidential informa-
ton produced by various senators
were a number of indictments re-
turned against the territorial officials
and there was read also letter from
w. w. Wilcox, former newspaper
man of Santa Fe, who asserts that
his life was threatened and he be-
lieves the threat would have been car
ried out had he not left the territory.
It is regarded as extremely likely
that the committee on territories will
decide to conduct an investigation in
New Mexico before acting upon an
bill.
To Hold Hearings.
Senator Beveridge today introduced
a resolution which authorizes the COM
advisable.
Miss Lawler. a stenographer, who
assisted in the land fraud cases, made
a statement to the committee which
indicated that the government agents
were in danger as long as they per-
sisted in their Investigations. She
mentioned several people prominent
in public affairs in New Mexico in
most uncomplimentary manner and
cited certain records, which she said
would bear her out in all her state
ments. At a former meeting OF the
committee one of the democratic sem
ators proposed that all sections of the
bill proposing to legalize land grants
and bond issues be stricken out This
met with objection and to-
day, after the meeting, it was said that
there was not a single member of the
committee who would vote to report
the bill.
There was practically no discussion
Of the bill at the meeting today. The
time was almost entirely consumed by
the statements presented. 1t was re-
cognized that whether the statements
were true or not, questions had been
raised that could not be disposed of at
the present session of congress. That
being the general view, the members
Of the committee dispersed and any
meeting that is held now will be at the
call of Chairman Beveridge No date
was fixed for further meeting.
The Daily Missoulian. [volume] (Missoula, Mont.) 1904-1961, 1909-02-28
THE WEATHER

Today-Generally fair.
Tomorrow-Fair; colder.
The Daily Missoulian. [volume] (Missoula, Mont.) 1904-1961, 1909-02-28
NO MATTER

What you want; the class ad
Will help you get 1t.
Freie Presse fuÌˆr Texas. [volume] (San Antonio, Tex.) 1865-1945, 1909-04-24
r9nrd) inns ielbit!"

@egeniiber Dem 9albbarbarentrn,
Der iibrigen 8n%lfonIt1mme, Der 8ul-
garen, Serben unto Molltenegriner,
erideint oas SORGHUM Mumanien
ols Der ein5iee Staat Ser 8alfal-
bolbinfel, Der auf ben Namen zines
erropdiiben Sfaatsgebiloes Mniprud)
erbeben fam. Dte beioen Jiiriten-
timer Der MoIoau lino @aIadei,
melbe 6as 4onigreid biloen, lino
unter Der Serridaft &onig Rarfs,
oes SobenaoIernfiiriten, gu eilleln
ourd 8erfaifung uno 8ermoltung,
@eies, @e6t un6 @leidbeit Ser oe-
bensintereiien inilerIit un6 nod al-
ben bin gefeitigten @an5en gamor-
ben. Inter Der Megierung &onig
Carols lit es oas 8eitreben Der Mll-
manen, iid al einem Saftor Ser
2ube uno Sronung am 8olfon
beraus5ubilben. Mus Dem ebemali.
gen, iiberpiegeno orientolilhen
6iiritelltlim, bos bon inneren 3fOi-
itiafeiten aerriilen, bon frenloen Be
6riifern ansgelogen NOR, bat Sih
ein nelies froftbetpuBtes Mun11iiieil
berausgei16lt. Mlis Dem perfommc-
men, miBadteten 2ano lit elm slt-
f~nnftspoaes Geih ~gemorben.
@m 90. Mpril 1866 batten ole 3u-
manen oen Yrin5en &arl pom 9ohen.
5oGern, ben Sobn bes 6iiriten &arl
glnton BON Sobenaollerns sigmarin-
gen, our6 ein 9lebis5it gum Sir
item gem1blt. am Bfingitionnta0 be-
trat Der Shirt BET Surnu.Se bertm
mo- 5miiAen oid)tem @ebii6 Die
gralen @emaiter oes %einitmalteen
8alaites bes 4aiiers Seperus anira-
gen, oen rumaniidlen 8oben. CT hot-
te ii6 in's 2ano id)lei6en miiiieu,
oomit Die Seiterrei6er nidt oen
S%oben5oGern : 8rili5en erfannteu,
rpenn er biird ibr 2ono reiite. ,2n
nilnmit es ouf 9eine eigelle aoppe"
batte Der BreuBenfonig @ilbelm T.,
Der oagegen mar, oaB Elm SoBel=
golfer ben tributpflihtisen 8ojoren.
tbron beities, seiagt. 9od an Bis
[mord botte er cine stiise gefpnoen
Der batte 81 inn als areuao mi
| Gateeber eeiproden. Sic liHo epil
| elmer gon5en 0ntton %etuitimmtg gum
| Siiriten gefpablt moroen. 8olseIl
Sic oieiem Huf. @eben Sic oireft
in oos 2ano." llilo Der &0nig bot
| te ben @effen beim @bifieo in ieint
Freie Presse fuÌˆr Texas. [volume] (San Antonio, Tex.) 1865-1945, 1909-04-24

3mii6en oieier oenfpiiroiget
Sisung un6 Der ndbiten lieeen
ieb5ebn Sabre. sn Is. 9ftober
1887 trat Der &ongreB auf @noro-
t1ung oes Brafioenten Sapes 5u ci=
t1er auberoroentliden Gaeung au-
iammett, ultb am IS. Mar5 1879
muBte er eil1em 5~ipeiten Gufe beliel-
ben 8rdiioenten foleen. SSn beioe.t
Saaen bdnoelte es ii6 Inn Die 8e-
mi1ieung bon @elbmitteln fir brin-
genoe 3mede. 8eionoere 8eoeu-
tung botten beioe Sibungen nidt.
Ser Braiioent ioa oern ou6 lto1
am Ibeno por Der @inberufune Der
2ten5ibung balb II. balb entl6loiien
gefpeien fem, oie Proclamation nidt
gu erlafien. @are tie unterbIieberl,
oonn niiroe bos 2ano Bis CUR ndb-
item oroentlihen 9ogung oes Gor-
greiies feline Mrmee gebobt babe,l,
neil feine Wittel gu ibrer n%nterbulz
tung porba1oen tuaren. Son grobe-
rer 8eoeutung als Die bon Soncs
einberufenen Sihullgen lpuroe Die
nadite grtraiisung. Sic trat atn 3.
@ugnit 1898 onf @norbnung oes
8ralibenten glepelano 5uiammeri.
glenelano molte bas Sbermangeles,
llnter ipel6em bas Shosamt erobe
Silberanfdufe gemadt bette, ipioer=
rufen baben, un0 na6 langen Ser
bon6luugen miaiete Der &onereB elm.
IS NOR oieie 5isln1g, mabreno mel
der Die pirtIhaftlihe Strife bereil,=
brad, nnter Ser 6as 2ano 10 idDer
a1 leioen gebobt bot.
Bon gan5 onberoroentli1er @i9-
tigfeit mnrbe Die bonn Braitbcnten
Mc&inlep nnmittelbar nod ieiuer
EMANCIPATION auf oe1 Is. Mdr3
1897 e%inberufene grtralisung. Sn
oieier Sibung ipnrbe Der 9inglep-
tarif %enttporfen nnb gutgebeiBel..
Das 9ous nabm Sen @ttmurf ant
E19. Suli oiL Der Senat am "a. SUE
Ii, uno an oemielben Gage milros
Die @orlaee bonn Yraiioenten utter
5eibnet. 9amit mar Der @runo ae-
legt gu elmer 5ebnidbrigen 8rolpe-
ritdts-Mera, mie iie bas 2ono big
babin nidt erlebt bate. Mud ull-
ter benz Yrdlioenten &ooiepelt Dot
Der &ongreB einn1al IN auBeroroellt,
lider Sisune getaet. Das NOR I'M
Sabre 1903, afs Die Megierung
Die 8erbnnolungen iiber ben Abt
i9luB zines OBSERVATION-DISCLOSURES
ges nit Der @epublif Cuba einselei-
tet bette. @idtiger aIs oieie Gib.
ung lit Die gegenmdrtiee. sic lit
nidt minoer midtig aGs iene bes
Sabres 1897 BENT bette ipie oa,
mails banoelt es li6 oarnr1, oas
Sunbament oes nationolen Wirt=
ihaftslebetts 51 befeitigen uno aus
subeiiern, mo es notig lit. Damols
lift por5iiglide arbeit geleiitet NOT
ben, n1b menn Der eegenmdrtig ia.
genoe &ongreB gleib por5ii9li6e Ir-
belt maht, miro bas 2an0 es ibnl
Danf miffen.
Freie Presse fuÌˆr Texas. [volume] (San Antonio, Tex.) 1865-1945, 1909-04-24
gtaat S1io. Sole DO,

SutuP " u u IL ! Y, ~.
grnnt S. Gbeneb bei6lp0rt. bab
er Ser dltere Bartner Der Sirma s. 5.
gbeneb unb g o. lit, tpelde @eiddf@
te in ber Gtobt Soleoo. in o%bengennnls
tenn gountb uib Staate. int. iilo bab
beiagte Sirina Die Slimme BON Elm.
bunbert 9oIIurs fir ieoen xVea
bon &atarrb be5ablen miro, Der oureb ben
@ebraud bon sails 6ntnrrbs
niht ae6eilt iperoen tdnil.
Sranf s. n Ell,
8ef6tporen bon mir ltro unters
idrieben in meiner @egentuart
an 8. September q. 8. SO.
SieaeI,
q. 81. @Ieafon, 6ffeutli6er Motar.
Sall's &atarrbsaur pirb innerlid ee<
nommen nno tpirft brett auf oas 8tttt
ui6 Die 56leimigen Sberfldden oes Chs
items. eabt gud 3eil9niiie frei ans
f6iaen.
s. S. Gbeueb& Co.. soIebo. g.
@ertauft bon alien G~potbefen, 75e.
Sau's SamiliensYi[leu iinb bic beitei,.
Freie Presse fuÌˆr Texas. [volume] (San Antonio, Tex.) 1865-1945, 1909-04-24
Den Miaaara 6erabaeitarst.

9ieies uneliid mag benz nnporFd.
tigen 66iffer, Der Die @arn1,uu Ser
~Stromidneaen Iberfiebt, ~tpiberfah.
rem, un6 dbnlih gebt es Mnen, noel.
DE Die @arnungen Der Natur nid)t
beadten. Nidenfdmeraer mornen
gn4, 6ab Die Nieren nidt in E1tig-
felt un6 cine ernfte &ranfbeit i'm
anaug lit - Maiferiuht 3uder.
franfbeit ODER 8risbt'ide Mierpn.
franfbeit. Nebmt electric Bitters
uno Die Shmer5en perben idminben.
Cine SIaide fir $1.00 furierte
MIDI, fdreibt s. $. 8Ianfenfbip BOZ.
Belt, Genn. Sur 80 gts. bel oIen
Druggiiten.
Freie Presse fuÌˆr Texas. [volume] (San Antonio, Tex.) 1865-1945, 1909-04-24

arme eei6loiien nit oem 9egeas.
tpunid: o@ott idiise 9ibl"
2eidt NOR Die aufgobe ni6t, sic
ben S~oben5onern ertportete. St loa.
te Sronung inn 2anoe idoffen, 1tlo
ct bot Die IN i'm eeiesten grtportan-
gen erfiat. SIN ruiiiid-tiirfiider
4riege erbtelt oos ne1te Gulndnialt
feline Seuertoufe. Sim %. Moi
1877, am gleiden Gage, an peldeln
Der Shirt Dor eff Sobren ms 2allo
gefomrnen, erfldrte Hulndnien feline
l1nobbaneigfeit. Sm Seuer ser Sc
i6iibe BON Gletpna mlroe Die run1d=
nii6e 4onigsfrone aeidmieoet.
u0ait stol5 nebnle ib Ole arol1e
aa. Sic lit geidmieoet ans Dem Me-
tat zines @eihubes, oas nit Dem
glut nnierer @eloen benest lit. @ie
ein foitbares 4leinoo miro tie 3eue=
nis ablegen BON idneren l,nb r1tfml-
rei6el 3eiten, mel6e mir oen1eill-
lam ourdlebt, lie miro ipatere Sc
rerationen an ben Seloemnut ibrer
8orpater erinnerr, nno on Die gfnies
felt, Die 5niiden Shirt uno Qois
eeberridt. Die ihonite arone oter,
fir Die aonigin unb fir mid, miro
fem nnb bleiben bie 2iebe ut1o oos
@ertrauell bes Golfes, Dem off ltn'er
9enfen u1o Siiblen eebort."
go ipra1 aml %. Moi 1881 So
mig 4arl, als Ell bon Sen 8rGlioe1ten
bes Senots uno Ser Mbgeoroneten-
famn1er in ieinent 8alais Die &rnne
empfing, melbe nod ieinem @nni9
aus benz Stab1 elmer Dor 8letpna
eroberten 8anolle alleefertigt morhen.
luar.
Die aonigin lit Die friibere grin.
5eiiin @liia6etb gu @ieo. 0ie &balr-
todter. Die f0niglife Didterilt
Carmen Splba. Carmen, bas 2ieb
-5ilpa Der @olo. Die aud in Ser
Serne, al11 i'm @lau5 beg &oaig-
tlms, Die alte, oan1als nod e,1gc
Seimat ni6t bergeiien bat:
gu Nebenlano, on eriiner Molo,
gu Nbein nit beinem Shimmer.
Dein @lan8 lit fern, bein Song per-
bolt,
Sd BIN entflob'n fir INNER.
Sft, oft idlieB' i6 Die 4ilgen 81,
Damn Dor ids 1ingen, raui9en,
Seb, Sdiffe 5ieb'n in ionn'ger
Stub,
0en 8ino Die Segel bauiden.
DAB ib Die idonite Seimat bab'
Sn oeutiben @ol'a1 beleiien,
9as modt, oab ib iie Bis gum Sab
Nnn nimmer fam pergeiien.
Mber alh oos tleue 2ano bat So
nigin gliiabetb lieben gelernt: uGas
@olf Fat in ieiner eriten &onigin Die
Seele elmer Didterin uno oas &era
elmer Mntter gefunben, Die lire Qie-
be iiber oie Mrmen glenben unb
Gnterbten a~usgegoIien bat" Das lit
oas ihon5te oler Strablengebinbc,
meldes Dor fur5er 3eit erIt gelegent-
li1 Ser @roffnung Der NationalouS-
iteaung in 8uforeit nm Die refine uno
tapfere Stirn oieier ieltenen 5rml
geflohten moroen lit.
s.
Der groBte 8ortidritt ober oes rl-
maniiden 8olfes beitebt BARN, oaB
es in benz 80lfer6oos oes 8alfons
Sort Der Sronuns %eemoroen lit. 9u~
BEL bot Dem 8olf Ser Soben5ollern=
lprob gebplfen. Ser oas entldloi-
iene, ielbitbemuBte @ort gepragt ltno
permirflift bat: yErin moi inliliel"
- u0urh uns lelbitl4
SIN S6olfreis oieies @ortes, iuel-
dies @olf uao Shirt p%ereint, ltebt Die
5eier oes iteb5igiten 8ebnrtstoes
uno Ser oreiunopier5iglten @ieoer-
febr beg Cages, an welhem aanlg
Carol gum Stoatsnberbalpt ertotea
mur6e.
~ -
Freie Presse fuÌˆr Texas. [volume] (San Antonio, Tex.) 1865-1945, 1909-04-24
notiz an SteusrzabIsr.

Die itdotiiden Gteuern, fin oas
8isfal-Sabr 1908 (beginnenb am
1. Sum- 1908 nn6 en6eno am 81.
Mai 1909 iino fdnig unb 5ablbar in
Der Office beg itdotiihen Steuer-Gin.
nebmer, 8immer go. is. Stabt.
Salle, bonn 1. @priI 1909 Bis gum
81. Mai 1909, obneSntereiien Stra.
fen uno Soften, penn Dor Dem l..
SUM 1909 beaablt.
@. BiIIemain,
Stabtiider Steuer.g innehmer.
Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1909-05-01

contribute quarter to buy that con-
ductor a new silver plated laptern9
Not one eff such there be go mark
him WELL" Mark him with something
indelible.
Eminently respectable citizens do not
fortify themselves for a journey home
with quart bottles and a raging thirst.
They don't booze in public places
whatever they may do quietly. The
fellow who drinks on the train is an
excellent object looked upon from the
car windows as the train moves off
leaving him marooned on the platform
More power and a better run to The
conductors who saw them along the
right of way.
The two gentlemen who hired the
team know more than they did. There
are a lot more of their kind who need
similar education.
Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1909-05-01
Topics of the Times

Why doesn't some one connect trip
of several thousand miles to kill
"Thompsons' gaelic with the histor-
ical performances of "Thompson's
colt?"
If Castro and Abdul Hamid had Mr..
Bryan's swift intelligence there would
be hot competition on the chautauqua
platform this season.
If BILLY Sunday shall be able to
convert the Marshalltown Times-Re-
publican people his visit to Marshall
town will be worth all it costs.-SiouX
City Journal.
People who live in the territory of
the Times Republican can not see any
need for conversion. They would rather
have it just as it is.-Britt News.
The new sultan has but two wives.
This doesn't seem like the real thing
in sultans but perhaps he will improve.
A sultan without harem would be the
Arabian Nights with Scherezade struck
dumb.
The Cedar Falls Globe has been
merged with the Record. The Globe, as
the third paper and progressive in a
Istandpat community, seems to have
been more honest than profitable.
LOT ~ wholly
without its recompenses. A Boone hor-
ticulturist expert promises abundance
of fruits this year because the chilly
weather has delayed the blossoms.
Still, just when berries promise to be
cheap, it takes the dough to furnish
the other component of the shortcake
Web. Byers will have plenty Of good
company in his conclusion that since
the Illinois Central has been paid by
the travelling public about four times
what its Dubuque bridge cost, it is
time that it ceased charging % cents
for every passenger who crosses it.
Everybody's Magazine has lost mons
of it's vigor and aggressiveness. 1t:
series of articles now running on tn,
cost of the Wall street game are quit
as valuable and incisive as any O
those which attracted so much atten
ton to Everybody's a few months age
It's fiction is first class and entertain
ing. Altogether Everybody's is an in
diSpensible monthly visitor to tn
reading man and reading family.
Another, and little known magazine
especially in the north, is "Uncl
Renus,'' founded By Joel Chandie
Harris. 1t improves monthly and vii
give the south what it has so ia
lacked. a leading magazine with tn
tang and spirit of the section belo,
Mason's and Dixon's line.
Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1909-05-01

the belated night wanderer, the owls
do much more good than harm. The
lives of most of them are as innocent
as Is the life Of the canary, and yet,
with the hawks, they are marks for
the shotgun of every farmer.
If Dick Wilmington had taken a
barn owl with him instead of a cat
the lord mayorship Of London would
not have been the limit Of the political
rewards for his sagacity. One barn
owl is worth five cats as a mouser
and ratter.
The bird gets its name from its
habit of nesting frequently in barns.
where it hides during the day to sally
forth at night on its work of Kidding
the farmers corn cribs and other
structures of injurious rodents. The
| barn owl is not as numerous as it was
in former years, the chief reasons be-
ing that 1t is shot frequently on sight
i by the farmer, who thinks it is a
chicken thief, and by the collectors
Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1909-05-01

which is its birthright. Observations
made by DR.. A. K. Fisher for the
biological survey have shown fairly
conclusively that the barn owl (Strix
pratincola) Is probably the most valu-
able rat and mouse catcher in the
United States.
Most of the sins that are laid at the
door of the other owls are committed
by the great horned owl (Bubo vir-
ginianus), savage and powerful bird,
which in some sections Of the country
destroys annually large numbers Of
poultry and game birds. There is,
however, another side to the life of
this night terror. 1t is as fond of
rodents AZ 1t is of poultry, and it
feeds large quantities of them to its
nestlings. In and near nest which
contained young horned owls there
were found the remains of 113 house
rats. When there is taken in consid-
grafton the fact that the young are in
the nest comparatively short time
the value of the work done by the
parents in Kidding the world Of vermin
can be appreciated.
1t is only fair to say, however, that
into the scale must be thrown the
damage that the bird does. DR.. G.
Hart Merriam reports that there came
under his observation an instance
where great horned owl deoapitated
three turkeys and several chickens in
single night. Like the shrike, a bird
whose habits were described in a
previous article, the great horned
owl dearly loves brains. If chickens
be plentiful and the danger Of ap.
proach be slight the owl will live on
Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1909-05-01
BUT EVERY ONE ELSE is PLEASED.

A northwest Iowa weekly evinces
some indisnation over what happened
to two well-known citizens of its town
OF vicinage on railway train the other
day. These two abused and maltreated
gentlemen had been away from home
and We're returning by train. In &C
cord with custom much approved in
some circles they had provided them
selves with a bottle of booze, being
probably in ignorance Of the new leg
islation making it a criminal offence
for a rattlesnake to bite; and surmising
possibly that the car might be infected
by venomous reptiles proceeded to adj
minister the antidote for injury
caused by snakebite. About that time
the conductor came forward. He in
formed the patients that drinking on
trains was illegal and told them to
hike at the next station. Moreover he
saw them off the train. II was another
case of "off agin on agin," but not gone
agin. They had to hire team in order
to get home and were thus caused ex-
pense atop of the humiliation of eject
ment. The paper explains that they
were not drunk. "They were no fou'
but just droppie in the e'e," never
theless the iron souled conductor drop
ped them on the platform and went
III bo5
come and opportunity had not beer
lacking.
Where the weekly feels indignation
and sorrow the rest of us bubble will
happy satisfaction. 1t is good, graf
flying news. Hundreds of men VIII
have committed murder under thu
strict definition Of the moral law b.
harboring wild desire to imbrue thei
arms to the elbows in the blood Of TIL
smoking car drunkard will read wit
delight and approval. Everyone VIII
has been forced to witness the obscen
} orgies of drunken gang, hearken t
its vile language and endure it's fou
!, stencil where a crowded train offere
no escape except lay over at som
way station will be simply licked t
. death.
How many Of US have come hon,
/ from the fair or some other big gath
/ ering, crowded, men and women, wi!
the dirty aisles of overloaded cars I:
, suffer from the disreputable loaft
3 who knows he is drunk and wan
5 everyone to know it? And is the
3 one in all our company that wouldn
Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1909-05-01

brains entirely, leaving the bodies OF
it's victims to the four-footed providers
of the night who are not above dining
at the second table.
Bubo vtrginianus likes varied diet.
In one nest or on the ground directly
beneath 1t were found the remains of
mouse, muskrat, two cells, four
bullheads, woodcock, four ruffed
grouse, one rabbit and II rats. The
bird in one direction has perverted
taste. 1t is extremely fond of skunks.
This animal is we'll armed against the
attacks of most of its enemies, as
many a man and beast can testify,
but it's weapon apparently is Of no
avail against the horned owl. The
bird will kill and eat a skunk, and,
with the almost overpowering evil
dence OF the feast still c!inging tn its
feathers, will attack and dispatch an
other. A fine specimen of the great
horned owl once came into my pos
session. There was every olfactory
Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1909-05-01
n~M~7>4->>

People past middle lie usually have
some kidney or bladder disorder that
saps the vitality. which is naturally
lower in old age. Foley's Kidney Rem
edy corrects urinary troubles, stimu-
lates the kidneys. and restores strength
and vigor It cures uric acid troubles
| by Strengthening the kidneys so they
will strain out the uric acid that set
ties in the muscles and joints causing
rheumatism. Mcbride & Will Drug
Company.
Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1909-05-01

sacrificed when the owner can't make
the business pay. On the other hand
merchants can and do sell their stocks
for more than they cost when the
good will of the business is worth
some thing by reason of profits being
large. The good will is equivalent to
franchise value.
In the case of public service COM
panies the selling price is not regu-
lated by competition. Only one COM
pany is in the field, cost of produce
fixed by ordinance. If it fails to pay
profit on the investment the price is
raised or the courts will declare the
rate unreasonable and confiscatory. If
the rate pays a profit on more than
the actual investment the company
smacks its chops, issues more stock
and claims ownership of franchise
value. Then when new city council
seeks to reduce rates the company in
sists upon earning fair profit on the
franchise value for which it never in
vested cent.
| In some instances owners of public
service companies enjoying excessive
profits, capitalize them by stock is
sues and hasten to unload the stock
upon an innocent purchaser who can
then claim that he paid good money
for the fictitious value called fran
clise value and hence ought to be
permitted TO earn a profit on what he
had paid.
This is the situation which con-
fronts Marshalltown today. Its pub
lie service corporation represents an
actual investment of approximately
/ 100000 as appraised by three differ
ent engineers representing as many
separate and tentative purchasers.
Their profits as certified by their gen.
eral manager are $4,000 per annurn.
Their interest charge is $4,000, leaving
them $4,000 profits on $4,000 actually
1SAAN&'Ss
Because these profits are large
enough to support a good will or
franchise value above the actual in
vestment and because the city council
is seeking to reduce the rates the pres
ent owners are trying to sell out at
100000 or in some manner secure a
frox ,,1,; too Nh
promise with the city council as to
rates. If they sell at 100000 the new
purchaser will come forward saying
81 paid 100000 for this property
therefore I must be entitled to fail
profits on 100000" The people, how
ever. get the service of only $500.
900 plant. The present owners will have
cashed In fictitious franchise value
and the public must pay annual divi.
dends on it for ever afterward.
Mr.. Goods proposition to the people
of Washington was that no compan.
should be permitted to own any valu'
III excess of what the plant actual.
cost or what it could be duplicated TO
= today. He argues that if one compan,
- would not be satisfied with fair re
turns on the cost of building a plan
q just as good some other compan
!, would be glad to put in q plant an
9 the public should pay no more than
9 fair return for service rendered. H
= argued that if capital stock represent
- ing fictitious value had been unloade
- on purchasers the public should nc
e. be taxed until eternity to maintai
such fictitious values. He has econo
~ mic logic and sound business sens
on his side and it is little wonder tha
y, gas came down 10 cents in Washing
70 ton at the first mention of his nam
"a on the program.