Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1910-11-18
MUST KEEP RECORDS
COMMERCE COMMISSION ORDERS
RAILROADS TO PRESERVE
DOCUMENTS.
ADDITIONAL WAREHOUSES
FOR STORAGE PURPOSES
All Records Of Accounting Depart.
msnts Must es Kept Intact For Long
Period Of Years-Postoffies Depart.
mont Nabs Promoter Of Alleged
Stupsndous Fraud.
Especial Correspondence.

Washington, Nov. 1s.-Rules have
4 been issued by the interstate commerce
commission to the railroads governing
the destruction Of the records in the ac-
counting department of the carriers Of
the country
These rules provide that all re-
quests for passes be kept for period
Of seven years and that all other rec
ords in connection with the issuance
Of free transportation be kept for
like period
The register of claims against
railroad must be kept permanently. IN
Guiding those for overcharge claim
papers in support of vouchers. however
may be destroyed eigh, years after
payment of the claim
Original local and interline way oi!ls
must be preserved for eigh, years and
copies of al, interl.ne way bills made
to other carriers must be kept for eight
years also.
The register OF vouchers or accounts
PAYABLE must be maintained as per-
manenr record. The same apples 10
cash books. balance sheets records OF
capital stock certificates. cancelled m
terest coupons. annual reports TO stock
il oi.iiers and .ae minute hooks.
Only in the case Of a few duplicate
records and minor papers, are the car
-ie,rs allowed to destroy Immediately
All important records Of whatever de-
scrip,ion must he kept for period
ranging from one 20 ten wears except
ing those of course which must be
kept permanently.
This means that every railroad Of
consequence In the country must pro-
vide al least one additional warehouse
in which TO sore the enormous ac-
cumuiation Of records. There VIII be
car load Of these records from each big
depot each month They must be man
tained systematically ard an index kept
Of each
A telegram has been received by the
F.; . ostofflce department from the postal
Observation-Disclosures at Chicago an
nouncing the arrest In San Diego. Cal,
OF Elmer Conan. one OF the promoters
OF the United Exchange OF Chicago.
San Francisco. Arizona and other
places. charging him with fraudulent
use of the United States mails in one
of the biggest bond and stock jobbing
schemes ever urearthed by the depart
.nenr.
/ The United Exchange which had an
authorized capital of 100000 600 and
which maintained lavishly furnished
offices IN Chicago and elsewhere was
/ FIRST suspected by general agent OF
1.-The corporation in Washington. He had
been required 10 pay for his job and
! feeling a little uneasy about the trans
action, he tipped off the postal inspect
ors
This was several months ago. Soon
after the clue was given, W. II. Hoi-
comb, vice president and general man
a ger of the corporation. was arrested
and is being held now for the action OF
The Chicago courts. Hiss associate
Elmer Conan fed and has been hunted
since that time Ii now appears that
ne IS about % be brought 20 Chicago
for trial
The United Exchange. in the opinion
os the, postal officials, is one Of the
NOS, s.upendous frauds ever perpetrated
thru the mails and evidence TO bear
this out IS now being collected for use
liz the trial next month.
Among the members Of congress who
will take their seats after March 4
/ Henry George, Jr., Of New York, VIII
stand out as a man who comes ia
Washington with A creed already 70 his
credit. He has figured at home for
fifteen years and his friends look to
him to figure big in the next house
Probably Georges mos, importm
achievement so far as positive results
go was his defeat of William S. Bennett
Cor Tvs seat in congress. Yet he has
done other things. He has stood un-