The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1910-05-15
cent. the average investor does not
want it,

According - the latest estimates by
the treasury department at Washington
between one-fiftt and lone sixth of the
ernment through the corporation income
tax will be paid by companies in New
York state, and nearly all of that por-
ton by New York city companies. 1t is
now thought that the tax will bring IN
total of about So, 100000, instead=of S25,
10000 Dor 900, which those who
probably be the next largest contributor,
with Massachusetts, Pennsylvania and
Missouri following in the order given.
The hearing of the governments case
for the dissolution of the merger of the
Southern Pacific and Union Pacific rail-
roads will take r<->o probably about Oc-
tober l. The selection of definite date
and place will be made by the judges of
the Eighth circuit and st. Paul, linn.
Attorney General Wickersham has Ns-
ceived advices from Circuit Judge Van
Dervanter at Cheyenne, that after cor-
respondence with the other justices of
the Eighth circuit the court had deter
mined to fix the hearing for about Oc-
tober 1. Government counsel urged upon
the court that the case be heard before
tIio SufllIllcT EdCdtlOfi, Dut III NEW 1OI lifc
other engagements Of the justices the lat
ter determined to postpone argument
unit! after the summer vacation. fAa4s
c. A. Severance has represented the
government in the preparation of the
case, which is proceeding to dissolve
the merger Of the Southern Pacific and
the Union Pacific railroads on the ground
that 1t was violation of the Sherman
antitrust act. Suit for dissolution was
cd in he mir ct Col olyo
City. -r7if s-u ,isst 81 I'll
AS st. Paul Is most convenient to
many of the parties interested in the suit
the expectation is that the arguments
will be heard there.
Declaring the valuation of $4,000, 600 put
upon the franchise in Kentucky of the
Southern Pacific Holding company to be
excessive, Alexander P. Humphrey, coun-
sci for the company, has declared to the
board Of assessment and valua ton at
Frankfort that unless the figures are ma
terially reduced the corporation will re-
move its domicile from Beechmont, Jer-
ferson county. to some other state, prob.
ably Maine or Utah.
Former Senator Clark of Montana, it is
reported. has Joined with James J. Hill
in extensive railroad development of
Washington, Idaho, Oregon, Montana and
California.
What would you think of freight
train As miles long containing 1000 cars?'
inquired C. H. Long, who is in the fruit
commission business.
More than that number of cars OF
fruit will be shipped before September 1
from the North Yakima valley of Wash
ington state to commission merchants in
Chicago and New York." continued Mr..
Long. Most of this fruit will be apples,
the finest in the world.
Practically nothing is raised in North
Yakima valley but fruit. and that section
is becoming noted all over the world for
the quality of its products. Much of this
fruit, after being sold in Chicago and
New York. Is shipped to London, where
It brings the highest market prices. Fruit
farmers of the North Yakima valley are
the wealthiest and most prosperous, per
acre of holdings. of any farming COM
munity in the United States. The man
who owns an apple orchard in North
Yakima Is well on.
Twenty years ago North Yakima val
ley was nothing but a desolate wilder
ness; today 1t Is one of the garden spots
OF the west"
Ernest r. woolley. president of the
Utah Ore Sampling company. who few
days ago closed a deal In this city for
the purchase of the carbonate mines In
the Alta-Park city district of Utah. Is
again In the city.
sion to New York, but 1t is rumored that
he is negotiating a big mining deal with
important eastern interests.