davidaulloa/AmericanStories huggingface dataset:
The Globe-republican., 1910-04-28
Near At HAND.
ANOTHER CHANCE FOR MAX
ING FORTUNE IN FORD
COUNTY
COLORADO HAS SHOWN HOW
Ford County Should 0ut-CIass
Irrigation District Of East.
ern Colorado, and She will

Several people from Dodge City
rode through the Arkansas valley ir-
rigated districts Of Colorado last
week.
It is Q wonderful country.
Rich alfalfa fields, splendid or
chards in full bloom. Everything
fairly shouting prosperity. A few
years ago barren waste, now gar
den.
This is the result Of irrigation,
The land is poor, perhaps, everything
in nature is against that particular
section Of country But enterprise
has led the water about and carried
IL out oyer the fields.
You can see tracts OF hundreds OF
acres in places which are perfectly
barren. Practically no herbage on
the land, not enough to keep sheep
alive Other lands adjoining lay SO
that the bitches can carry the water
to them, and on these lands alfalfa
is growing rank and green. These
growing lands are very valuable, but
they are only valuable because there
is water right with them.
In Ford county, where crops can
be grown without irrigation the land
OF course has o considerable value.
But even here, where water rights
are secured the main value in the fut
ure will be the water right. An
acre Of land bought now, and water
right bought to add to it, will be
worth more than double what both
the land and the water right will
cost. A few years ago, many bought
Ford county lands and within two
years the land had doubled in value.
It made rich men OF those who
bought lands. We hear it said that
here was the chance Of a life time.
There is that same chance, even
much greater chance ear at hand
right now. It will soon be possible
to get water rights on a large body
OF Ford county land. The land will
be worth more than double what 1t
and the water right costs.
You will not have to wait two
years for it to double in valae, either.
With intensive farming along
the SO miles Of the Eureka canal,
great alfalfa fields, truck farms,
small fruits, orchards and collection
The Globe-republican., 1910-04-28

Rooms I.2.3.4 Opera House Bldg:
The Globe-republican., 1910-04-28
Teddy in Africa.

First genuine Roosevelt pictures
out. AtTHE ELECTRIC, Saturday
afternoon matinee. 8 o'clock, and at
Night. These reels have just been
released. Don't miss them.
The Globe-republican., 1910-04-28

Of lakes and reservoirs across the
county, Ford county will be one Of
the most attractive spots in the west.
The man who has land on this
ditch and has water right secured,
will be one Of the fortunate ones.
The Globe-republican., 1910-04-28

The above prices are the present retail
market. aud should enable any person to
azure their lumber bill, will, however,
hs pleased to figure lyour bills on the
above basis at any time.
The Globe-republican., 1910-04-28

New Varsity Negllgee straws that are
the sensation for spring at The Hub.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1910-10-28
PADDED EXPENSE REPORTS
Allegation of Iowa Shipper at
Freight Rate Hearing.

Chicago, Oct. &c. D. White, of Nevada,
Iowa, a member Of the Corn Belt Meat
Producers Association. and witnesses for
the shippers in the movement against per-
hitting the proposed freight rate increase
to become permanent, testified to-day be-
fore the Interstate Commerce Commission
in the rate hearing.
He asserted that he had examined the
statistics presented by the railroads, and
said:
Il saw there tendency to increase or
pad statements of operating expenses out
of all proportion. I do not mean that any
dishonesty was used. but the maintenance
charges have been increased, and show a
corresponding decrease in revenue"
Mr.. White, who was the principal wit
ness at the afternoon session, introduced a
number OF tables. compiled by him from
railroad reports TO the Interstate Commerce
COMMISSIONS and to different state commits
sions.
One of his tabulations gave the present
value of the Chicago, Milwaukee & st. Paul
Railroad as $249, 232 $40 and its present cap
italization S4l0 157, GO with a net capitalize
ton of SIS. 397, 500 The net operating in
come Of the road, the witness said, was
ST. 7S4, 900, making the rate of return on the
valuation I'll per cent and on the net cap
ftaliZation $50 per cent.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1910-10-28
STEAMSHIPS MAKE PROTEST
Object to System Of Accounts Demand
ed by Interstate Commission.

Washington. Oct. 27.-AIl the independent
steamship lines in the United States. except
on the Pacific Coast which perform any
interstate commerce business were repre-
scented at an informal conference at the
Interstate Commerce Commission to-day
respecting accounts and Jurisdiction A
number OF the foremost water line man.
ayers were present as a committee TO voice
the views OF the lines generally.
The committee objected TO the system of
accounts which the Interstate Commerce
Commission has formulated for the water
lines under its Jurisdiction TO go into effect
on January l. This system is intended TO
make these lines which participate with
ran carriers in interstate traffic conform to
the accounting requirements imposed on
the rail lines whereby the roads now make
complete returns TO the commission in it's
accounts. both interstate and intrastate
The view OF the water line interests was
that the proposed system goes into more
detail than the commission needs and would
burden them by requiring an enlarge
ment Of the clerical force to handle It.
They also raised a question as TO the Iuris-
diction Of the commission over the water
lines as 20 the purely port to port traffic
The commission assured the committee
that the matter would be carefully cousid-
cred.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1910-10-28
WILL STUDY SUNDAY LABOR
Judge Gary Appoints Committee to In
vestigate Conditions.

EI-Judge Z. H. Gary. chairman Of thu
board Of the United States Steel Corpora
ton. pursuant 70 a resolution adopted in
May by the American Iron and Steel Insti-
tute- Of which he is president. has appoint
ed 2 committee 10 investigate the subject
OF seven-day labor in continuous processes
in the iron and steel industry.
The committee s composed Of E A s
Clarke, president Of the Lackawanna Steel
Company. William 3. Schiller. president Of
the National Tube Company: F. W. Wood.
president Of the Maryland Steel COMPANY.
George Q. Crawford. president Of the Ten
nessee Coal. Iron and Railroad COMPANY.
and ! A Campbell. president of the
Youngstown Sheet and Tube Company.
In March or this year ex-JudEe Gary sent
DISPATCHES to the presidents Of all Of the
subsidiary companies of the United States
Steel Corporation advising them that he
and President Corey and Vice-P President
Dickson had been giving serious considera-
ton 70 the subject Of Sunday labor. and
that they expected the presidents in future
70 observe and carry into effect the spirit
Of the resolution Of the finance committee
adopted in April 1907. dealing with that
subject
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1910-10-28
SHELTERS ISSUE $4,000. 900
Larger than First Reported, and VIII
Go to Kuhn. Loeb & Co.

The forthcoming bond issue OF the Ameri-
en- Smelters Securities Company. which
Is controlled through stock ownership by
fre American Smelling and Refining Com
Ilsuy, II was learned In authoritative quar-
tiers yesterday. viii amount 10 SIS. OJ0. in
stead of Eoa@e GO, as reported some time
Egg.
The bonds VIII bear 8 per cent interest,
enc the entire issue. IL is understood. Will
he sold 70 Kuhn Loeb & Co. Part Of the
proceeds OF the bonds viii be used by the
Securities company 10 pay of its indebted
sless 20 the American Smelling and Rein
ing Company. amounting approximately To
s-o.eoaee0 and the remainder will be added
70 its working assets.
The American Smeiters Securities Com
slsuy has no bonded Indebtedness At the
present tire, and Us earnings in the last
tU0 wears have been IN excess Of any re-
C-lTerneElrs necessary 10 pay fxed charges
OF q G5go0,9O9 mortgage. The total earn
ings for TIE year ended on May q were 81
-. 40, and after appropriations for con
strucrion ana improvements and payment
O. dividends on the preferred Class and
'iass B stocks there was left a surplus for
the GEAR OF sl133.445.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1910-10-28
OTHER CATTLE MARKETS

weak, 5seves' 81 5ors7 -: TEXAS steers. g $50
s. 65 Western. 81 50GS6 20; stocSers and 5eesies
81 mass 80, COWS AID hsifers. 3 -yt,So 49, %
calves. 81 25as1O. HoGS-Ileceipts. ~. 49,.
rather SLOW; IiEht. IS 55Gsa 10: mixed. s. uoaI
50 %; heavy 81 sOT s. %; rough. s. sof1Sss 500
6glS Of saiss' 50 1s,ass Is. sHEEP-Rscsip1s
3. COZ; steady; native. s. T59S4 40. Western %
asa 81: yearlings. 81 5O6S5 90 lambs natiFes
81 75GST 10: Western. s5HS1.
East Buffalo. Oct d - CATTLE Reeel
70: slow and stsady. prime steers =. 90 -.
VFrAIaS-Recefpts. 15o. active and . cents
lower; Ss 5OQS9 70 HOGS - Reretpts :. go:
fairly active and 1OGl5c lower hssEy; ssseS 10
50 2Ogs9 IS: roughs. 81 T5GSss dairies. - 20
50 10 SHEEP AND LASlBS-Recsipts- a.Uta.
cents lever. lambs. So 50GS6 70 -
Cincinnati Oct. 27-CATTLE-Rscsipts1 .clss
steady; fair to good shippers. s. zS9S5 =: con-
mon 81 25GS3 50 HOGS-Receipts, 6. sl3; 20
ice lower; butchers and shippers, IS T5G -,
common. sass - SHEEP-Recelpt5. 1.0tzs
steady: S2GS4. lambs steady. s4 25GSS s..
Kansas City. Oct 7-CATTLaE-Htecefptss ~
0CO; steady 20 Zoe higher dressed beef and export
steers SIS 256S7 80: fair To good. 50 2ot1-sS -
Western. $46S6. stOckers and feeders. 50 Jcg
IS 80: Southern. So 75as5 IS; Southern cows 81 o
Ts4 .: native. 81 7J6SJ, heifers. ~ 40s5 30;
bulls. So 25GS4 35: calves, So 51dsS. HOG-2a-
ceipts. $500; steady to i0c lower bulk OF sales.
SIS 5GGSs 90. heavy IS 5O9Ss s.. packers and
butchers SO s0Gss 65; light. S. 7DesS 20. sEtEEP
-Recsipts. 1900 steady lambs. % zSaS@o 20
yearifngs, 81 40dSJ. wethers. S41S4 60. ov-s
IS 6Oqs4 -: stockers and feeders. s39s4 80
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1910-10-28
NO MONTAUK POINT PIERS
Wildcat" Plan, Says Head of
Long Island Railroad.

The resurrection of an ancient rumor
that Montauk Point would he used as
steamship terminal and that negotiations
were under way for the project, brought
forth a statement yesterday from Ralph
Peters. president of the Long Island Rail-
road, in which he said that an ocean ter
mfnaI at Montauk Point was not an as
sured accomplishment and he deplored
the fact that positive statments concerning
it had been made
The question, he said, had been talked
about for twenty-five years. but that since
the days of Austin Corbin, president of the
road, the Long Island Railroad had not en-
deavored to promote the undertaking, nor
had the PENNSYLVANIA Railroad ever con-
sidered it seriously
He explained that The road held itself
ready at all times to meet the demands
and needs of modern transportation as they
might develop, but that 1t does not pro-
pose 70 start any wildcat bOOms to develop
an unnatural channel of traffic in opposi-
ton TO other transportation interests
Because Of their great length, $50 feet,
the White Star liners Olympic and Titanic,
now under construction, will not be able
to dock at the White Star piers in the
North River. These piers are 825 feet long,
and the War Department, it IS said, would
not permit them 10 be extended, contending
that such extension would be a menace to
navigation. The steamship company, how
ever. holds that no menace would result,
as the tubes had cut down ferry traffic
and that after January l the Pennsylvania
Railroad would abandon its ferry service
from sd street
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1910-10-28

FLOUR AND MEAI-FIour inactive. with
e eHis 81 % Is &c. %nfsT sTag6s s.
81 40; winter patents. 81 60q$4 so spring
clears, 81 8o@sf .; extra No l winter s. 80
Kansas straights, 81 7O8S4 So. RYE FLOUR
Steady; fair 70 good s. q 81 %. choice to
Quiet 81 1882 20 per 100 ID. CORN
MEAL-Easy; kiln dried. 50 O5. BAG MEAL
coarse, 81 10as1 10. FEED-FirIu; Western
spring. So 10 q So IS standard middling
bran. s2i so bulk. So % So 50 sacks; mid
ding. So 23@ $50; red dog. $50; hominy chop
S24 bulk; So 20 sacks; oiImeal $50 500 s37-
not active however. and later prices eased
off. PORK-BareIy steady; mess. $50 so a ST. .
PEEF-steady; mess. s15 gS15 so; family. $40
ESQ; packet. SIG 5OqSl7; extra India mess
DRESSED HOGs-steady; bacons. i3c: $50
iSAe. CUT MEATs@PioIkled bellies, smok-
Picked hams dull; 14ls 8l+%c. TALLOW-
BaTsIy steady e agdi Sc Jve e9pntTy - = q C.
city, I2e; refined, South America, 49, soc: Con-
tinent I29oc; Brazil kegs; lt.6oc Compound
ia. c; city lard. 1915 014c.
sCGAK-Rehned i1actiy se and rather easy
Some business in centrifugal from store at a
decline Of points. or at 3,sOe basis. 90 test
Musoovado, 80 test at 3.Soc. and moIasses sugar,
50 test. 3.O5c- The London market for beet sugar
was quiet and FAD lower. The worlds visible
supply of sugar Is Cabled at TAO. 900 tons Beet
prices quoted at So 9Sd for October and Noyem-
Der. and 9s Had for May.
RICE-Steady but quiet and unchanged
-COPPER-Standard dull; spot.
October November. December and January
123 y g 5oc London steady; spot: f56 ISIS
Sd; futures, f5I los. Lake copper 1881 u o
15c electrolytic 1e.759 12.s7iec: casting
tober. 90 a SO, 75cf November, 3632Is q
S6.47iAe; December 80 2TIz a So 2iSc and
January, 80. % &C 3d55c. Sales. Is tons De-
cember (port OF New York; at 80 25c Lon
don firm; spot and futures fIGR LEAD
Quiet, 440a4. soc New York, 427lz az S2la O
East ST Louis. London spot ff3 Us Id.
SFELTER-Firm; $40 q 5.S5c New York. 8. 10
NB.soc East st Louis. London spot, E24
IRON-CleveleRd warrants. SOS in London
Locally quiet: No foundry Northern. No I
Southern and No 7 Southern soft SIS rs a
$40 81, No foundry Northern SIS so q S16.
Pig iron certificates nominal
MOLASSEs AND sNRT PS-Moiasses steady.
quiet and unchanged Syrups DUH
NAVAL sTORES-Sptrits turpentina excited
and higher. Rosin steady and UNCHANGED Tar
firm at unchanged prices. SPIRITS TCRPElN-
TINE. machine hbls Soc. TAR sTdsT IS
RQsIN-Common TO good strained, SC 20GS6 80 /.
b, SO SO; ID. 81 30.
OILs-Ilusaed unchanged Refined patro-
ienm steady on the basis Of 81 40 FOR standard
white in barrels.
COTTONSEED OLA better demand for
the near position. and prices advanced 5
points. Later months negle cted and slightly
easier. closing at "a decline OF 2 20 :
points. local contract prices
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1910-10-28
LIVESTOCK MARKETS.
New York. October q. 1910
REEYEs-Receipts % cars. or 80 ne

New York October q. 1910.
prrxFs-Pe,.eipfs ~ cars, or 1,2I3 head
r,rsfIv direct TO slaughter houses reell1S
Sreadv Dressed beef quiet a suilc per -
FOR native sides. Texas beef. 20 .. LlVespOoA
and london cattle and beef markets st5aoy-,
CAIyF>-Rsceipts. 40 head <4S on 80
Market steady. 80 Western calves uIlsoil-
Ordinary 20 prime veals sold at So So - -
100 10: cuIIs, So. 9FasseFss 81 30 W sstsFhs
Is 500x5 "a city dressed veais steady az
f91L ~ 1fic per ID: dressed grassers and dei
calves sQ9lzc. country dressed calves %
14izC. - - re-
II average. $40 50 per 100 ID. 10. llS 70. slV'
s. 12O ID. 81. 10 culls 49, ID, 80 = sFass7l9'
s Judd & Co. "a western calves. cas- 10.
s. u. so 296 10, s. 50; 50. go ID. - 30
SHEEP AND IAHBS-Recetpts. Ia cars;
or 3S41 head. IL cars on sale SneeP a..LL
and unchanged. Hardly any demand Ior
lambs and only la cars changed laad8,
feeling easy and prices &c lower Ordinary
to prime sheep sold az 50 80 q 81 . per loe
n: good Buffalo and Indiana lambs So 80: a
Jew yearIings s.. Dressed mutton SLOW "a
4slsc per 10; dressed lambs dull and lower
safe 90.
sales-Kerns Commission COMPANY - - -
Buffalo lambs. u n average. 80 ~ per ivy %
30 Indiana. % 10. 81 so; Buffalo yssr11nEss-
% ID. IS. - Indiana sheep. ~ To- - - -
10f 70, 81; ,. 10 n 81 80 -
HOGS-ReceiDts 95s head all dlFeet %
siaughteraFs Feeling uOIutnaliy weak
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1910-10-28
DROPS BANK NOTE SUIT
But New York Company Will Re.
new Action Against Trust.

The suit for S5.e0o eoo damages brought by
the New York Bank Note Company against
Ransom H Thomas. president. and the
other :. n9q mem ers of the New York
sock Exchange. IFS secretary, George ".
FIv ana the American Bank Note Com
rsrv. was dismissed by Judge Lacombe IN
TIE United States Circuit Court Yesterday
or z motion hv Alvin c. Cass. counsel for
ne plaintiff. The suit was an attempt on
the part Of the New York Bank Note
Company To break the engraving monopoly
or the Stock Exchange enjoyed by the
American company. which is commonly
knoRu sS the Bank Note Trust"
n his motion M Cass referred 10 the
order q Judge Hcugh Of September -
restricting the complaint 50 as TO include
only M Thomas and the American Bank
N,ore Company. and said that the plaintiff
vas Tot willing TO accept the terms pro
Tosed and amend IS answer, and he there
fore asked for an order disnissing the
complaint on the ground that It did not
state facts sufficient 70 give the federal
ueu-t jurisdiction.
NJ Cass said Later that q new suit for
-he same amount Of damages asked in the
original suit would be brought Immediately
in the United States Circuit Court, and
that NJ. Thomas and all the other mem
hers Of the New York Stock Exchange, as
vel as Secretary Ely and the American
Bank Note Company. would be named as
defendants in the new proceedings.
The defendants named in the original suit
Included J. P. Morgan. r.. John =. Rookie
IeiieI- William Rockefeller. Edwin HaWley
and George J. Could. The only change IN
the new action, Mr.. Csss said, would be
that The parties 70 IT would be referred 10
Is 'citizens" instead Of residents
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1910-10-28
VOTE TO MAKE TEST CASE
Railway Lawyers Give Full
Power to Committee.

The railway lawyers who have been meet
ing at the Waldorf for the last four days
to discuss the railway rate law and the
new Commerce Court closed their confer
ence yesterday and left the plans of bat
tie 10 committee Of seven yet to be ap-
pointed Full power was given 10 the
committee, which Will he appointed by
Colonel Henry L Stone, of Louisville.
chairman Of the conference
The conference discussed for three days
the best way TO attack the law on con-
stitutional grounds and was unable to
come to any agreement. Railway lawyers
and express company lawyers all took
part in the discussion The express COM
pany lawyers were admitted to the confer
ence because their business was so inter
woven with that Of the railways, but they
were not considered important enough to
put on the committee 10 study up consti-
tutional objections to the law. Colonel
Stone said yesterday after the conference
adjourned:
Il may appoint some express company
lawyers on the committee, but 1 don't
think So Their business is too subordinate
10 that OF the railroads. I have not de-
cided on the personnel of the committee
yet viii appoint the members from Louis
vile, and they Will report 10 the other mem
bers Of the conference by letter. The confer
ence will not come together again. Full
power 20 decide what TO do has been given
10 the committee"
VIII YOU wait for the organization Of
the new Commerce Court to bring your test
case2" he was asked.
I don't see why that should be neces-
sary," the colonel replied We are not
dependent on the Commerce Court We are
going to test the constitutionaIity Of the
law
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1910-10-28
NEW MAN II FOURTH NATIONAL
). S. Campbell, Head Of Night and Day
Bank. President.

The directors % the Fourth National
.sahk which has been without yice-presi-
o'nt since the promotion of James 6. Can
.-oH 70 ne presidency, as successor 10 the
late .. Edward Simmons. elected yesterday
Two noe-presidents-Eamuel S Campbell
president Of the Night and Day Bank, ard
Charles H. Patterson, for many years cash
Ger OF The F'ouTth-snd appointed Daniel J.
Rogers assistant cashier, 70 be cashier in
place u Mr. Patterson.
M Campbell succeeded A. d. Bennett as
president OF tho Night and Day Bank tn
January, 1850 He came 70 that most from
The United States Mortgage and Trust Com
psHy, Of which he had been viee-p-esider+
Tor two years. and he mad previously been
assistant cashier and cashier os the AFer-
chants National Bank and for eleven years
IL the employ Of the Fifth Avenue Bank
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1910-10-28

mileage OF locomotives and cars IN revenue
service caused partly by the movement OF
and higher speed of rthe trains a.,
The increase in taxes resulted from tIle
payment of the corporation tax. aInounting
of Congress August 5 1909 (Which was paid
under protesD, and from an increase IN tax
rates and assessments. Since the year 1870
the payments for taxes have increased from
81 23I zoo a. or $226 03 a mile of road, 10
s.. 264. 347 81. or S512 IS a mile of road, an
increase Of 1856 per cent.
The expenditures for "betterments Ten
largenents ar improvements of the exist
ing roadway, structures, equipment OF
other facilities) amounted TO S2144, Gs4 40
the expenditures for additions" additional
roadway structures, equipment or other
facilities not taking the place of anything
previously existing) amounted TO ~. Zt5,-
$50 IS, a total of 81, 410,0A 81, charged 10
ca pitaI account
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1910-10-28
GAS STOCK ADVANCES
Quarterly Dividend Declared and
Heavy Buying Follows.
NnW ON 6 PER CENT BASIS
cortelyou Says Profits OF SUD
sidiary Companies Make In
crease Possible.

-,e directors of the Consolidated Gas
--o-nnanv declared a regular pUa1 III -
dividend Of H per cent on the STOCK
rerdsv placing il upon Per cent n1sis'
= ;-.--sssa - The rate had been looked Tor
before long. and its actual announcement
- s.,,,--a5 bv heavy buying. under which
-. r-ocl advanced about points, closing
e. ga. 8 net gain Of ~ points
-. s-,,,,,ai dividend rate. which had been
-. n 100. 1902 and 1893 and So per
- 2, The two following years. was re-
80 IN Der cent IN 1896 when the 80
-. ras bill became a law; and for the
,sst four years, beginning with 1907. aiVl-
,sen5s al the rate Of 4 Per cent yearly nave
bean paid
lqp4e stock. which sold as high as PA IN
-s05. when the company was receiving q
thousand cubic feet for gas, had falieh 10
-assz II, Anril 1905. on the passage OF the
rsv sxinr the lower price for gas, and
roucbed "A in the panic month OF octoeer'
ar In January, 1905, = went as hl9h as
1sl.. and in the same month. WIen Ine
S,--rsr7a Court Of the United States handed
down its opinion affirming the consu-
.,,rionslirv Of the law. fell 70 u5%-
President George 3. Cortelyou said yes
..-5s,- IN answer 10 questions regarding
-he reason for the increased rate that the
$500 Of trustees felt the condition Of the
,omaany's business justified such an In
crease IT this time
NJ C-ortelyou added that this condition
was due 70 a variety Of causes, and named.
among other things. the growth or the
<o-7narv's fuel appliance business, an I'M
movement IN the industrial market Tor It's
residual products. economies effected IN
cost Of operation. an increase IN the earn
trrs Of subsidiary companies, the reduction
IN me company's fixed charges due 10 the
conversion Of 500 GO Of s Per cent de-
bentures into capital stock, and 20 the pay
-7ent BY the city Of a large percentage OF
the interest which had accrued on the
sitv'e lighting bills adjusted last April in
connection with the adjustment Of the
Conlpany's special franchise taxes.
NJ. Cortelvou was asked whether the
uavuent CT a dividend al the rate OF Per
cent a wear on its capital stock meant that
The company was earning that rate OF re-
rurn upon the value Of its gas properties
IS found by the United States Supreme
Court He replied that II did not mean
ANYTHING Of the kind. He said that the
value as established by that court vas
greatly in excess Of that portion Of the
uar value Of the company's capital stock
and obligations which represented its in
vestnent il its gas business.
He added that when the company earned
q per cent return on the value OF Its
property employed IN the gas business II
would be equivalent. when added TO the
earnings Of its subsidiary companies. TO
8 per cent on the total outstanding capital
stock Of the company