The Birmingham age-herald., 1910-03-13

liquidation and after selling out every
 thing turn over to the stockholders near | ly three for one on the entire GOOD capitalization. Apparently the company | is earning at the rate of about 50 per
 cent, large part of which continues to
 go into the surplus. And there is proba- bly no surplus extant that is invested
 in better money earning enterprises and
 securities. Wall street has the strong hunch that
 the United States supreme court is going
 to decide the case against the trust in it's
 favor and that the company will be allow | ed to continue in business either in its
 present form or with some notifications which will be definitely pointed out and which can be complied with at small cost
 and little inconvenience.
 | Nothing confiscatory is now looked for. | It is remembered in this connection that
 advanced tips on supreme court decis-
 ions have almost invariably gone wrong
 during the last two or three years. For
 merly the Washington sleuths were able | to get fairly correct advance lines on the decisions, but latterly their channels of
 accurate information seem to have been
 blocked. Failing in entertainment of the
 facts, they have gone into the guessing
 business, and in most cases they guess wrong.
 
 | Brokers having correspondence connec-
 ton with Oklahoma and Kansas report q
 degree of hostile cynicism in that part of the world with regard to the Rockefeller proposition to go into partnership with
 the government in the management of a
 huge humanity uplift found. These vest ern correspondents intimate that Mir Rockefeller and his associates have been 1 playing it low down on the oil producers | of Oklahoma and Kansas by keeping up the price of petroleum until tens of mill | lions of dollars have been spent in devel- opment and then of dropping the price of oil so they could buy in the developed property at red-fag figures, thereby get | ting money with which to fatten the
 Rockefeller foundation All of which is mentioned as one of the things in Wall street about which there is. passing com- ment.
 Now that Thomas F. Ryan's control of
 the Equitable Life Assurance company
 and of the New York traction companies
 has passed over to the J. P. Morgan sym dicate there has been some talk as to
 what will be come of Theodore P. Shonts and Paul Morton who were transplanted | from Washington to New York largely because of their intimacy with the then IlncumDent or the w Hlte flouses The latest tip is that both of these gem tlemen will be retained in their present
 official capacity even though the insur-
 ance company be turned over to the pol icy holders and the street car lines be retained by the Morgan interests. It Is not certain by any means that MT. Shonts will care to stay in New York, at least as the head of>the traction compa-
 nies, but for account of dr. Morton 1t
 may be said that he Is entirely unlikely to voluntarily let go of that SSO.Oo0 a year job. At the moment he has nothing else in sight that would pay him more than that amount. With MT. Shonts ' is different. His association with NIT.
 Hawley really demands his attentions elsewhere. And then it costs him good
 deal of money to tie up with Ryan When he came to this city he is said to have bought heavily into the street car stock
 and to have lost several hundred thou
 sand dollars on the speculation.