davidaulloa/AmericanStories huggingface dataset:
The Washington herald. [volume] (Washington, D.C.) 1906-1939, 1910-02-04
LOCAL FINANCIAL GOSSIP.

The Baltimore and Ohio Railroad Com
pany announces the closing Of contracts
for approximately $1,000 tons Of new steel
rails. such constituting one OF the largest
orders ever placed by the company at
one time In the division of the orders
the Maryland Steel Company secured 3d.
100 tons. the Carnegie Steel Company
q, $50 tons, the Illinois Steel Company
| q 200 tons, and the Bethlehem Steel Com
/ pany 1850 tons The latter was for open
hearth rails, as were also 1900 tons of
the Maryland steel Companys orders and
/ L, 500 tons of the Illinois steel Company's
allotment.
| OF the Maryland company's allotment,
3Oc tons were with titanium alloy. All
the remainder Of the various orders were
! fer Bessemer OF the whole order. Il, 800
/ tons are 10 be 1OO-pound rails, $500 tons
90-pound and 5000 tons 75-pound. The
aggregate orders call for an expenditure
approximately Of S2SoO,O0O. and deliveries,
commencing this month, are to be COM
pieted by August.
It is understood that the minority
stockholders Of the Northern Central
Railway. in their negotiations with the
committee appointed by the directors Of
the Pennsylvania Railroad. Of which
Michael Jenkins. of Baltimore. is chair
man, viii demand a cash dividend In
addition to a stock bonus as a condition
! precedent to closer operation Of the road
by or lease OF it 10 the parent company
for term Of 999 years. The opinion is
! expressed that the committee. which viii
shortly be named 10 represent the minor
ity interests. will insist upon a minimum
cash dividend OF 1914 per cent and a stock
dividend Of 371z per cent The Jenkins
committee is now considering q basis Of
settlement. and hopes 20 formulate a
plan in time for submission to the an
nual meeting Of stockholders to be held
in Baltimore on February "A.
While Steel common was on the tobog-
gan slide yesterday in Wall street and
other stocks were finding a lower level
in that market. Washington securities
were riding serenely upon the wave of
high quotations which they brought over
into the present year from 1903 While
trading was not specially active. a good
volume Of sales went 70 the record well
distributed over the list OF active bonds
and stocks. Washington Gas was the
most active stock, selling about eighty
shares at 1914 to 70. These are practically
current prices. and no evidence appears.
either in the price or demand for the
stock. that the company contemplates
the cutting OF a big melon at the annual
meeting OF the stockholders next Monday.
The Washington herald. [volume] (Washington, D.C.) 1906-1939, 1910-02-04
NEW YORK STOCK MARKET.

Quotations furnished by W. b. Hibbs & Co.
members Of the New York Stock Exchange. Hibts
Building.
Call money: Open. "a; high ~ low. 2As; close. ~
SALE OF STOCK BY HOURS.
The Washington herald. [volume] (Washington, D.C.) 1906-1939, 1910-02-04

While you think OF it. telephone your
Want Ad. to The washington Herald.
and bill will be sent you at cent q word
The Washington herald. [volume] (Washington, D.C.) 1906-1939, 1910-02-04

Total ............. s. 7O5 09l s.
District q Columbia, City q Washington. -:
J. WILLIAM SELBY, Cashier q the above named
bank do s1lemnly swear that the above statement
Is true 70 the best Of ny knowledge and belief.
WILLIAM SELBY, Cashier.
Subscribed and sworn % before ne this 81 day q
Februarg 1910
JAMES MALCOLM HENRY. Notary Public.
CorTect--Attest.
". T. Galliher, J. c. Weldon,
Irwin B. LtutCa Bernard Leonard.
J. Whit Heron james +. shea
Isaac Cans John T. Crowley.
l. ". Gr0Gnes. J. a Maedel.
Lester A. Barr VIM. =. Shannon,
Nathan Wallersiefn Geo. NJ Bowers.
Thos. SOmer5ille Wm- +. Lynn.
Directors
The Washington herald. [volume] (Washington, D.C.) 1906-1939, 1910-02-04
CURB MARKET.

Quotations furnished by ". B. Hibbs & Co., mem
bers Of the New YORK. Stock Exchange. HI6bs Build
The Washington herald. [volume] (Washington, D.C.) 1906-1939, 1910-02-04
REPORT OF THE CONDITION
OF THE
National Capital Bank,
RESOURCES

A. Washington IN the District Of Columbia, at the
close Of business January 81, 1910
The Washington herald. [volume] (Washington, D.C.) 1906-1939, 1910-02-04

a. PER CENT. LOANS CAN BE Me-
gOtiated through us on business
property, centrally located.
HEISKELL G. McLERAN,
1903 III st. NV.
The Washington herald. [volume] (Washington, D.C.) 1906-1939, 1910-02-04

City q Washington District Of Columbia. IS:
J. J. CASTLE RIDGWAY, Cashier q tie above
named bank, do solsmuly swear that the above
statement Is tr1e 70 the bes- II uy knowledge ard
belief. j. CASTLE HIDGWA1. Cashier.
Subscribed and sFJu 20 before me tuis d day u
February, 1910. CHARLES L. HARLAN,
lSeaLj NctaTy Public.
CuTTc---ALtssL-
ROBERT y. HARPER.
". >. HOGE.
J. S TNREE
ROBT. LEE OBRIEN.
J. MILLER KENYON.
CHARLES F CARUSI.
BESTOR r. WALTERS,
SIDNEY NEST,
THOMAS 3. HUYCK,
HENRY 3. r. MACFARLAND,
G. G. SLOAN.
INO. ". CHILpRESS
LEWIS HOLMES
ANDREW e. SHANNON,
WA. L. LIPSCOlIB.
J. ", HARPER,
y. L. SALISBURY,
Directors.
The Washington herald. [volume] (Washington, D.C.) 1906-1939, 1910-02-04

District Of Columbia County q Washington. s.:
!. G. ". EDNONsTON. Cashier of the above
named bank do solennly that the above state
meut is true. TO the best of my knowledge ard BE-
lief c. ". EDMONSTON. Cashier.
Subscribed and sworn 10 before this q day
cf Febr,lary 1916 J. MCKINNEY BERRY,
Notary Public
Cprect-Attest:
The Washington herald. [volume] (Washington, D.C.) 1906-1939, 1910-02-04
REPORT OF THE CONDITION
OP THE
District National Bank Of Wash
ington.

At Washington. IL The DlstrC. Of Columbia, a. The
close q business January 81. 1910.
The Washington herald. [volume] (Washington, D.C.) 1906-1939, 1910-02-04
BANK STATEMENTS.
REPORT OF THE CONDITION
OF THE
American National Bank,

At Washington, in the District Of Columbia, at
the close of business January g. 1910.
The Washington herald. [volume] (Washington, D.C.) 1906-1939, 1910-02-04

REPORT OF THE CONDITION
OF THE
Farmers and Mechanics National
Bank,
At Washington. II the District a Columbia, az tie
close Of business. Jau-1ry s., 1910.
The Vinita daily chieftain. [volume] (Vinita, Indian Territory [Okla.]) 1902-1913, 1910-04-09
HUSTON GRANTS FRISCO
TEMPORARY INJUNCTION

Guthrie, Okla, April 9.-The Frisco
railroad Friday filed a consolidated
suit in Logan county district court
attacking as illegal the $25,000 taxes
due by them in seventeen counties.
Judge Huston granted a temporary
restraining order to the railroads and
set the first Monday in June as the
date for the hearing. In this suit, as
in suit filed by the railroads In the
federal court, the entire state levy
for common school purposes is at
tackled. This last suit, however, makes
plain theafact that the railroads are
attacking all the levies for all towns
Of the state where township taxes are
extended over property within the
corporate limits which affects numer-
GUS small towns. and which if the
point is won means that these towns
would be left without any revenue
from taxation.
The Vinita daily chieftain. [volume] (Vinita, Indian Territory [Okla.]) 1902-1913, 1910-04-09
FARM TEACHINGS
DECLARED WRONG
characterizes Wilson's Advice as
"DamnabIe,' "AbominabIe," "Dis-
graceful" and Unscientific.

Chicago, ILL.,, April .-Characterizins
the teachings of Secretary Wilson a:
'damnable," "abominable" and "dis
graceful" Prof. Cyril G. Hopkins, Of
the University of Illinois, delivered 8
stinging criticism of the department
of agriculture here today in an address
at the City Club. Prof. Hopkins dis
missed the secretary himself from his
consideration by simply saying:
Hes an unscientific man"
Here are some direct quotations
from Cecretary Wilson, cited by Prof.
Hopkins as "abominably false"
Practically all soils contain suffi-
cient plant food to produce good crop
yields; this supply will be indefinite
ly maintained.
SO far as the present outlook is
concerned the nation possesses ample
resources in its soil for any conceiv-
able increase in population for several
centuries
The soil is the one indestructible,
immutable asset that the nation pos
sesses. 1t is the one resource that
cannot be exhausted; that cannot be
used up.
From the modern conception of
the nature and purposes of the soil, it
is evitable that it cannot wear out. So
far as the mineral food is concerned it
will continue automatically to supply
adequate quantities of plant food for
crops
AS a national asset, the soil is safe
as a means of feeding mankind for
untold ages to come."
After he had cited these quotations
Prof. Hopkins said:
Can you blame the farmers for
to wear out their land
when these are the teachings promul-
gated from the highest authority in
the United States? And these false
are all the more damnable
because the common soil type on the
abandoned farms in Maryland, only a
'ew miles from Washington, contain
'nly 100 pounds of phosphorus in the
olowed soil of an acre. while the rich
'st black prairie soil of Illinois, with
| value of 5000 an acre, contains more
han 1000 pounds of phosphorus in
he same stratum"
AS a remedy for the rapid wearing
nut Of farms Prof Hopkins suggested
'ullverized prosperous rock such as is
o be found in the public domain.
The Vinita daily chieftain. [volume] (Vinita, Indian Territory [Okla.]) 1902-1913, 1910-04-09
WILL DOUBLE TRACK LINE
FROM DEN|sON TO PARSONS

Denison, Tex, April 9.-That the
Katy double track is to be extended
until there are two tracks all the way
from Denison to Parsons, Kans., was
the statement made by Edwin Hawley,
chairman of the Katy executive board,
here Wednesday. The traffic on this
division of the Katy is too heavy for
single track and the road is literally
forced into it by prosperity.
Mr. Allen said that the Katy is en-
joying heavy freight business now,
and that prospects are brighter for a
fall business than ever before. When
asked about improvements slated for
this year, he said that probably the
most interesting of the improvements
to the local people would be the large
car shops to be erected in Denison
soon and pushed as fast as possible.
1T is intended to have them in work
ing order this fall.
Mr.. Hawley, chairman of the exc
cutiVe board of the Katy, said that
there was nothing to the story that
the Katy was going to be dismember-
ed and divided up among some of the
other roads. He said it was good
story.pd but nothing to it.
The Vinita daily chieftain. [volume] (Vinita, Indian Territory [Okla.]) 1902-1913, 1910-04-09
.RUMORED RESIGNATION OF
CABINET MEMBERS DENIED

Washington, April s.--Flat denials
have been made in all official directions
OF another crop Of cabinet resignation
rumors this time dealing with Secre-
tary Knox and Secretary MacVeagn.
President Taft said he knew moth
ing OF contemplated designations by
these or other cabinet officials and
shortly after this statement, Secre-
taries Knox and MacVeagh. both
made denials, the former verbally but
strongly, on his way into the execu-
tive Offices to attend the regular cab
met meeting. and the latter both for
mally and informally
Mr. MacVeagh not only gave out
written statement but personally
declared he did not have the least in
tention Of resigning now or in the
near future, SO far as he could see.
II have no intention OF retiring
from President Tafts cahinet de-
clared Secretary Macveagh. Il do not
know the source of the rumors which
are being circulated through the press.
but they are sntirely without founda-
tion."
The Vinita daily chieftain. [volume] (Vinita, Indian Territory [Okla.]) 1902-1913, 1910-04-09
Limit to County Warrants.

Guthrie, Okla, April 9.-In an opin.
ion to County Attorney C. P. Holt OF
Pottawatomie county, Attorney Gener.
al West holds that all county war
rants issued in excess of 80 per cent
of the tax levy are void.
He says that claims of this sort may
either be held until money is obtained
to pay them or that the creditors may
sue the county commissioners and the
latter confess judgment, making the
claims collectible in that way.
The Vinita daily chieftain. [volume] (Vinita, Indian Territory [Okla.]) 1902-1913, 1910-04-09
RAILROADS FEEL
EFFECT OF STRIKE
Miner Declares Southwestern opera.
tors Can't Make Any Money
Under Present Conditions.

McAlester, Okla, April EFFECTS OF
the coal strike in the southwest are
spreading to the railroads and many
men are being thrown out of employ
ment. Seven freight train crews on
the Frisco out Of Fort Smith have been
laid off, five engines have been taken
to shop and thirty-five men are idle.
Practically all coal orders received
by the railroads within the last few
weeks have been delivered and with
the mines idle there is no necessity
for nearly SO many trains. Relative
to the situation, Superintendent Brown
of the Frisco at Fort Smith says:
With the closing down of the mines
along our road business naturally de-
creases. Engines are not required to
pull solid coal trains and extra coal
train crews are not needed in the serv-
ice. The men laid off worked south
Of the city and were engaged in hand
ling coal trains to Hugo and other
towns on the southern part of the Cen
tral division. We have practically de-
livered all our large coal orders and
the remaining cars to be handled will
be pulled in regular freight trains"
Pumps are being taken from a num-
Der of mines in the Oklahoma and Ar
kansas fields, and few operators de-
clare that some of their mines will not
reopen on acconnt of the competition
the operators have had with oil and
gas producers,
There has not been an operator
who has made any money in two years
because of the fierce competition Of
gas and OIL says Robert McFarlane
OF the Greenwood Lumber and Mining
company and the Fidelity Mining com.
pany of Oklahoma and Arkansas
Fort Smith was at one time a fine
coal market, consuming 5000 tons of
coal a season. Now the amount con-
sumed here hardly figures in the out
put of the mines. The adoption of oil |
as a fuel has reduced the amount of
coal furnished railroads to a minimum.
There is not Kansas City Southern
train going north or south that does
not use oil, and many of the Frisco
rains are thus supplied
In the Glenn Pool in Oklahoma
here are 5O,OOO,OOO barrels Of oil stor-
ID, enough to meet the demand for oil
rs fuel for period of ten years. Oil
S being piped into Louisiana, and we
ire cut off there, and preparations are
,eing made to pipe gas from Caddo
ields into Little Rock.
Neither gas nor oil pays either
reight or wages. Were it not for the
ierce competition produced by the use Is
# oil and gas, we would be able to pay
his increase, for then the increase i
ould be added to the price of coal and l
he consumer would have to foot the
ill, but under present conditions, if a
We raise the price Of coal, the oil burn 4
r is put into commission and we are t
eft sitting on the raw edge" II
The Vinita daily chieftain. [volume] (Vinita, Indian Territory [Okla.]) 1902-1913, 1910-04-09
Says Greater FlexibiIity and Mobility are Need.
ed in American Banking System Material
Being Gathered BY Banking Commission
Will Form Unequalled Encyclopedia on
Banking----Emope Experiences No
Such Financial Crisis or Collapse
of Credit as Does America.

! OF the balances of the banks" he ad
ded, ARE not managed primarily fol
the private profit of their stockholders
are not operated primarily to earn di
vidends, but are conducted with more
or less admitted responsibility for the
maintenance of the common credit OF
the country.
Another respect in which the drift
of the worlds banking is in a differ
ent direction from that of this country
concerns the matter of note issue. The
tendency Of note regulation in every
other country is manifestly toward
their concentration in single insti-
tuition. The main advantage, in my
opinion, Of concentrating the control of
the note issue under single body of
men who are conscious of the public
ends arises from the opportunity that
it offers for additional relief in time
of emergency and incipient panic.
Il have no idea, and no member of
the commission has any idea," he said,
that the detailed arrangements and
regulations governing the banking sys-
tenn of any other country are appli-
cable to our own, but do believe that
some of the features which are com
mon to all other banking systems
should be carefully examined before we
make any attempt at domestic re-
form"
The Vinita daily chieftain. [volume] (Vinita, Indian Territory [Okla.]) 1902-1913, 1910-04-09
W|DEhAn IS APPOINTED
ASSISTANT TREASURER

Guthrie, Okla, April 9.--Judge e. b
Wideman Of Anadarko has been ap,
pointed assistant state treasurer by
Treasurer ]. A. Menefee. He will al
once enter upon HIS duties, relieving
AL Benedict, who resigned last week
Wideman is a fine business man and
the appointment is happy one. Mr.
Benedict, who has served as assistant
treasurer so ably the past three years,
becomes president of the Apace state
bank, at Apache. His legion of Guth-
rie friends wish him unbounded sue
cess.
The Vinita daily chieftain. [volume] (Vinita, Indian Territory [Okla.]) 1902-1913, 1910-04-09
Report Was veriest Moonshine.
By Associated Press.

Chicago, ILL.,, April 9.-Attorney Gen
eral Wickersham, who will deliver an
address, upholding the Taft admins
tration, at banquet of the Hamilton
Club here tonight, arrived today APP,
preached by reporters, the attorney
general smiled and said, I'm the first
place | haven't resigned" "How about
MacVeagh and Knox?" "Any person
starting such absurd report ought to
get out himself. Seriously the report
was the veriest moonshine."
The Vinita daily chieftain. [volume] (Vinita, Indian Territory [Okla.]) 1902-1913, 1910-04-09
TWO BATTLESH|RS
FAVORED BY HOUSE
Tawney Protests That 72 Per Cent of
country's Revenue is Expended
For War.

washington, April 9.-By a decisive
vote of 162 to ITO. fourteen being pres.
ent and not voting. the house late Fri
day authorized the constitution of two
battleships to cost $6.OOO,OOO each.
Thirty-three democrats voted for two
battleships and twenty-four republi-
cans against the proposition.
This action was taken just prior to
the passage Of the naval appropriation
bill. carrying sl2S,O37, ,6O2. This
amount is about 100000 less than
was recommended by the navy depart
ment. In addition to the battleshlps
the bill also provides for the construc-
ton OF two feet colliers and four SUBJ
marine boats.
AS amended on motion of Mr.. Fitz-
gerald, of New York, the two battle
ships and two fleet coIliers must ba
constructed by firms operating under
the eight-hour law.
After fixing an hour and a half as
the time for debating amendments for
the authorization Of battleships. the
house was led large part Of that time
IN parliamentary contention concern
ing the manner in which the time
would be divided between the two
sides. The debate proceeded under
the five-minute rule.
me committee on naval affairs had
reported in favor of authorizing two
Dattleships. Mr. Tawney, of Mime
sofa, chairman of the appropriations
committee, offered an amendment pro-
vlding for only one battleship, while
MI Hobson proposed an amendment
providing for three. Mr.. Hobson con-
tended that three battIeships would
give no increase, but would provide
only for the ordinary depreciation in
tne naval force. BY an almost unani-
nous vote the house rejected this prop
osition.
Mr. Gronna, of North Dakota moved
to strike out the authorization for the
construction of any battleships. viva
Voce vote showing there was not
handful of advocates of mo battle
ship" policy.
Speaking in favor of his battleship
'lan, Mr.. Tawney reiterated his state
nent that 72 per cent of the revenue
II the country was being expended for
vars that had passed and for prepara-
ion for wars to come. He declared
hat one battleship was sufficient to
maintain the proper strength Of the
lavy.
Mr. Thomas, Of Ohio, proposed an
amendment for four battleships. but
he house voted it down almost unani-
nously- Mr.. Tawney's amendment for
me battleship was also lost by a vote
# 1O4 to 13s. At least thirty demo-
rats voted with he republicans
gainst Mr.. Tawney's plan.
Mr.. Goldfogle offered an amend.
lent providing that at least one bat
leship should be constructed at
ayy yard, the second to be built either
y contract or at navy yard. After
xtended discussion Mr.. Mann, of Illi-
ois, who occupied the chair, declared
le amendment out Of order.
An effort was made BY Mr. Norris.
T Nebraska, an "insurgent," to amend
le bill to provide for one battleship
nd six transports, the latter to cost
100000 each. The amendment was
lied out of order.
The Vinita daily chieftain. [volume] (Vinita, Indian Territory [Okla.]) 1902-1913, 1910-04-09
ROOseveIts Escape DOwnpour.

= -H1sNNItItVu IVoo.
Genoa, Italy, April 9.-Colonel and
Mrs. Roosevelt had cause to be glad
today that the crowds encountered
forced them to abandon their carriage
drive yesterday, for since morning rain
has fallen In torrents ana had the two
not reached here last night, they
would have had difficulty in getting
through today This afternoon they
will leave for Part. Maurisie, where
Kermit and Miss Ethel are due to ar
rive tonight
The Vinita daily chieftain. [volume] (Vinita, Indian Territory [Okla.]) 1902-1913, 1910-04-09
HERBERT WILLIAMS KILLED
IN MUSKOGEE ACCIDENT

Muskogee, Okla, April 9.-Herbert
Williams was instantly killed and
Chauffeur Charles Chapman was fatal
ly injured here last night.
The two were on an automobile fire
truck and were responding to a fire
alarm, running the machine at the
rate OF fifty miles an hour. In turning
corner, the auto turned turtle Chap
man, who was substituting while the
regular chauffeur was at supper will
die.