davidaulloa/AmericanStories huggingface dataset:
Alma record. (Alma, Mich.) 1878-1928, 1911-12-28
AUCTION SALES.

Christmas is past and the months
OF January and February promise to
produce more than the ordinary mum
Der of auction sales. The sales adj
vertised in the Record have brought
good crowds and class of people
were present to bid on goods offered
for sale, as a result the best of results
have been secured We will, if de-
sired, make date for you with any
auctioneer you may wish, and can
have sale checked by men thoroughly
conversant with credits throughout
northern Gratiot.
Alma record. (Alma, Mich.) 1878-1928, 1911-12-28
Delbert Conley.

Thursday, January 4, commencing
at ten o'clock in the forenoon, at his
farm, two miles north and two miles
west of Forest Hill, will offer for
sale a large list OF stock and farm
implements. Read his advertisement.
]. B. Mallory.
Friday January 5, at the w. c.
Mallory farm, two miles north of
Elwell will offer for sale all his
personal property as enumerated in
his advertisement elsewhere in this
paper. G. d. Holman. auctioneer; F.
+. French, clerk.
New-York tribune., 1911-10-27
physicians because OF is heaith
and strength giving properties
EVdnS
Ale

position 70 defend any action that The gov
ernment bright bring against u.
II was pointed out that similar action
was taken by the Hartman lines when
suit was about 70 be begun against them
BY the government on that occasion the
Union Pacific cancelled It's lease with the
San Pedro, besides selling its treasury
holding Of Great Northern. Northern Pa
cifc and Atchison. Topeka & Santa Fe
The fact that suit for the dissolution ot
the Steel Corporation had teen started ov
the government was not known in the
financial district until late in the atternon.
but the nsnag cement OF the alleged trust
have been expecting for some time. u -
understood. thar this would be done
While the resolutions did not say when
the reduction IN ore freight rates on the
Steel Corporations railroads would 20 into
effect. IL was the general belief IN railroad
circles that It would be In the near future.
The forthcoming reduction. - IS believed.
will be a great benefit 10 the independent
iron and steel manufacturers, who have
been protesting vigorously over the high
rates charged by the Steel Corporations
railroads FOR Transporting ore from rms
mines 70 the upper AXE ports
New-York tribune., 1911-10-27
EFFECT ON STOCKHOLDERS
Opinions Vary as to Value OF
Steers Assets.

In view OF The possible dissolution oc rhs
United States Steel Corporation. u was re-
Gently estimated, based principally on ths
valuation placed on the properties OF tbs
corporation in the report OF Herbert Knoy
Smith, Commissioner OF Corporations, tha,
there was a total OF S59e Al, ,e53 n obliga-
tons ahead Of the stock. On this basis y
was estimated that the common stock
would have behind u. supposing that the
underlying obligations and tko preferred
stock were paid of at par. valuation ot
s9S7. 10000. or something over $50 share
The valuation put on the property By tbs
Commissioner was. OF course, NOT conceded.
and some private estimates oe the equities
in the corporations properties ran 20 far
greater amounts " E HAGEN. OF This
Wall Street Journal" figured that after
obligations had been settled an equity 81
s7s7. .752, ,5ss would be left for both classes -
stock The retirement Of the preferred az
par would leave s407 AS. or about $50
share. for the common stock.
From the stockholders side % the qUes-
tior there has been little doubt expressed
that dissolution ot the corporation would
mean heavy losses IN profts. This was cor
ceded By the Bureau OF Corporations IN i's
report last July. following an investiga-
ton Of the Steel properties.
What the value OF the common stock
would be should the corporation hs COM
pelled TO Dissolve Is, OF course, entirely
speculative, bur IL seems 70 be the general
opinion that its value would materially de-
crease with the separation ot the central
Ted properties such as plan OF dissoiu-
ton would provide.
New-York tribune., 1911-10-27

s75 s10.104. This. TO a large extent, repre-
sentsd the actual cost Of the properly as
shown In the balance sheets OF the com
PAM The same was a full, fair ana &c
books was verified under oath by Andrew
Carnegie and other members OF the COM
pany 80,
Pefore the Steel Corporation was formed.
and within three Years prior thereto. n. =.
property az the price Of $50 100000. be
proposed the purchase TO J. P. Morgan VINO
declined n upon the ground that the price
made 10 bring ali Of these properties under
one great combination and get rid or Mr
Carnegie as competitor, Mr.. Morgan ana
associates paid not less than Sfs2,Oo6 Ioo
for substentially the same property which
he but short time before did not consider
forth 81 81 O0r mn
New-York tribune., 1911-10-27
say eromoters Got $4,000 600.

The underwriting syndicate included ser-
eral VINO v2rlOISiy Uers cfncsrs or d.
rectors of the companies which we're conf
binsd The total amount or the new cap
talization representing payments in stock
70 syndicates as promoters for organizing
the new corporation and the previous COM
binations which Y took over. exceeded
SlJ1 esn after allowing for new capital
contributed and reasonable expenses The
new inflated capitalization OF the corpora
ton exceeded tae Ctt-!rha'sd 'apitallZaucn
Of the constituent concerns plus the NJ"
cash capitsl provided and sundrv STOCKS as
above mentioned, by Sl5, 49,, 20, or ov over
- per cent
The main prospect fer maintaining earn
ings on the many millions given Tor promo
ton and issued in excess OF valuation was
-he power in the business achieved by
combination. vast aggregation Of capital,
the afaliaticns brought about with power
ful banking and transportation companies
and the direct and indirec- control o.
trade thai thereby ensusd
This vas a fictitious. basis resting on IN
lawful combination The value of stock
thus issued largely depended upon earnings
largely based upon subJecung ne public -
conditions which could only continue by an
abuse cf the public
The Si60 ,ooGoo0 IN bonds Of The Carnegie
Cornpanv, except s550pCo, were exchanged
for like amount of the bonds Of the coz
roratior' TIE stock holdings n this com
panv of Andrew Carnegie Mrs. Lucr Z.
Carregia and George Lauder, amounting 70
eos 900 600 rer - re, were exchanged for
;I4VpH0 rar -alue IN erst mor'gag ge
l1c-4- OF rre steel Corporation The re-
r-a!nler Of rhs Carnegie STOCK. $4,000 600
pa- valLe was exchanged Tor Ses.2I7 i29
par IN preferred stock. and !H zI9cN par
n The common stock Of the corporation
there vas given for the $3.50 100000 par
vaiue of STOCK and !15a $50 900 bonds Of the
Carnegie Companv, 1908 $50 o00 OF bonds
ar7d sf9s -=s lS6 ~ stock Of the corpora ton
making 2 Capitalization o. $40. .ohs $50 N
exc arze for one # S319.450oo
The value OF the tanzible property- Of the
Carnegie Company did not exceed Slso, :.
000 0O6 The books Of the Carnegie Steel
C,onopan- Ltd, showed that the net value
on December 81. 1899, OF the assets was
New-York tribune., 1911-10-27
FALLING OFF IN ORE SHIPMENTS.

Duluth. Ninr, oct. S-Ind!cations are
that the ore movement Cor October will be
from 500 90 70 5000 tons less than that
Of September On this basis The movement
New-York tribune., 1911-10-27

company after the transfer q that COM
pany 20 the corporation.
After showing the basis upon which
the various properties were taken over
by the Steel Corporation. the petition
charges that IFS capitalization vas not
less than S6OO,OCOooO in excess of the
values Of the properties Upon this
point the bill says
The capitalization was vastly In excess
ot the amount upon which those properties ne
under normal conditions could earn fair
return The earnings OF the corporation
We're not commensurate with rs actuai
capital nor were they entirely the legiti.,
those properties separately controlled how
ever well administered, but we're 70 rerV
large extent, approximately one-haf' tne
result brought about BY the power exert.
ed over trade and commerce BY such Vsst
combination of capital the restraint IN
posed upon trade and commerce. the sup
preston Of competition, the influence upon
the control Of prices and the many dlrect
and indirect advantages derived from the
cooperation. OF so many men OF influence
in trade ana commerce - no. formally acting
in rivalry, We're bv the combination drawn
together IN z common interest Consumers
and the public az large we're, through the
power created and exsrted by such vaSt
combination. compelled 20 pav an unlaTtul
ri QUITE or MANY millions ct dcilerS dnnl-
allv 20 the CORPORATION
Much stock was issued on an inhated
basis IN exchange for stock acquired N
absorbed companies. which stock itselt had
been issued upon a partly inflated oasis
and Of the balance many millions OF dol
lars We're a reward for mere promotion
and underwriting In the direct exchanse
Of securities. the corporation issued Nlts
$50. $50 of stock and bonds in exchange TOR
total Of ssSl, ,224. +15 stocks Of the constit-
uent companies and Carnegie COMPANY
bonds
The carving through OF consolidation
was entirely under the supervision OF J.
2 Morgan + Co, as syndicate managers
The syndicate turned over - the corpora
tion 600 in cash. which constituted
all that was added OF intrinsic value 70
the properties combined. except for So"
cash paid IN by the incorporators ana
sUndry stocks Of Z par value Of N'4Oo".
For this consideration and its expenses,
services and risk. the syndicate received
So, ,16s par value OF preferred, ana Aoi-
995, s37 Of common stock Of the corporation.
This enormous take out was possible be-
cause the syndicate managers and those
most influential in effect!ng the comhina-
ton were prominently identified with the
management Of several OF the constituent
conpanies and atterward Win the control
of the corporation itself
The Lexington dispatch. [volume] (Lexington, South Carolina) 1870-1917, 1911-05-03

- Z; - rrs
Mr.. ". j. Kyzer, one OF our prompt
paying subscribers at Edmunds, was s
in town Monday, and as usual dropped
in and paid, for another year. \ I.
A new line of beautiful and stylish
low wquartered shoes for gents, and the
latest in oxfords and slippers !: for
ladies and children, at :Meetze & Son,
Mr.. and Mrs. D. E. George and Miss
NELL Sbx, of New Brookland, were the
guests. of Kirkland Mrs 4sauaeel B;
George Sunday. : +
Mrs. Wallace. 2, >Lorick and: two
children, of Irrlo, were the guests Of
her sister, Mrs g. NJ. Harman, on
Sunday. -,:-~-- ----. e
Mr.1T. ,Hayne Williams and family
viii move to the Dunbar place, near
Pelion, this week.. Mr.. Williams has
been a resident of Lexington for sew
eral years and it is with regret that
we see them leaye. =
| FOR SALE CHEAP-Conplete
Gibbs shingle mill outfit with location
or without, or will let to good man on
shares. Apply to VIM. D. Reed, North,
SC. Twp
! Hon. G. NJ. Efrd, accompanied by
Master William Charles Haltiwanger
is in Charleston attending the com
mencement of the Lutheran Theolog'
ical Seminary.
The Lexington dispatch. [volume] (Lexington, South Carolina) 1870-1917, 1911-05-03

ssiMiss May Lois, Boozer has been con-.
fined to her home by, illness for ths
past two days, much to the regret Of
her many friends: I 80 -. - S
$. ). ! WANTED SECOND Hand bags and
burlap, write for prices. hRichmond
Bag Co., Richmond, Va. ! 26
- Jeff B--+Asmiek and family left
Nesteraaya8er Newberry, where they
Mn make their future home 4
Mrs. Eugene S., Ward, of Columbia
.sis visiting at theshome s,of her uncle,
Hoa..ssC O. ID. 35EGras.a ...~ { !. .&&>>a !:
Mr.. and Mrs. Arthur Stack, of the
Irmo section: spent the, with
MI. and Mrs. Bennie Harman.
I Mrs. Chas. A. Geiger and her son,
Norman, spent Saturday aid Sunday
with relatives in Columbia. -s- y
Mrs. P. H. seay, Jr,, has returned
from two weeks visit to her daugh-
ter, Mrs. Frank Leaphart, in Colum-
bia.
Before you buy an Ice Cream Freez
Ter, go see the ''Frost King, quickest
freezer known All sizes and all pr'ces,
| at IT. N. Kaminer & Co.'S.
Mr.. Mike W. Shull, one OF Hebron
sections best citizens, was in town
Monday and kindly remembered the
printers with his dollar for another
year.
| We have the biggest line of buggies
and harness in this section and you'll
| find it to your advantage to consult us
before you buy. W. P. Roof.
| While in town last week our friend
lWm. J. Cayce, of Cayce, handed US
dollar for a renewal to the Dispatch
for which he has our thanks.
| 5 or doses 's666'' will cure any case
of Chills and Fever. Price Csc. 3S
We we're glad to shake the hand o.
our friend James D. Langford, o.
Leesville, Monday. He is member
of the Board Registration, a clever
man and jovial fellow.
| We ere glad to state that Mr.. Viii!
D. George, of Union, S. O., has re-
covered sufficiently, after going or
crutches for six months, to lay them
aside.
Mr.. Monroe Gunter, prominent
farmer and good citizen of the Edlsto
section, was in town Monday and
gave US pleasant call.
Foley Kidney Pills are true medi'
cine. They are healing. strengthen
ing, antiseptic and tonic. They act
quickly. For Sale by AllDruggists.
Mr.. John w. Smith, one of our very
efficient county commissioners, while
here Monday called in and gave US his
renewal for another year. .~..H. e.
For fresh Bakers Bread, call at the
Bazaar. ID. t. - u. ., >, x. e..
The Lexington dispatch. [volume] (Lexington, South Carolina) 1870-1917, 1911-05-03
PENCIL AMI { e5.ss oRs.I

ssssFiae weasherd growing crops psssss.s j;
Il N eeston a via aoen be eth tie asls os-:. !:
der OF the day. -.
So SsV AEFEps Es Back cat that wont '',
/. catch chickens. ~
Honae-gIowh @ eas5age & IS &c are Quite
plentiful on the locarmafkets = 5s: = & 6
& & s or doses lse6s'' will cure:any case
"a of chnls and Fever. Price Csc. SS
Only few more weeks until COM
mencemen5.
.s5g Straw berries saas cream; cream and
strawberries. -.--->'-,-r-~,~-
Pig.tooth harrows, big lot on hand,
at W. P. Roofs.
I'D This weather makes Us want to go
to the banks of the famous Edisto.
.J:% Mr.. and Mrs. Walter G.. Harman, of
Selvood, were visitors in town Mon
day.
s. Mr.. H. q. Adams, merchant and
s. planter of upper Hollow creek, was IN
town Monday on matters Of business.
Telephone subscribers can list ou1
friend John J. Taylor's residsnce
No. 76.
.sAVE ALL" Grain Cradles. the
best made, at right prices, at 81. N
Hammer & Co.'S.
Mrs. P. H. Cook is still by her moth
y er's bedside at Wagener, whose con
aS dition does not improve.
ia lust received atW. P. Roofs anoth-
er shipment of disc harrows. Get one
q today.
a. Mr.. w. A. Edmunds, of The Dis
patch force, spent the weekend with
his parents in Edgefeld.
DIR. E. j. Etheredge, president OF
the Peoples Bank of Leesyille. was a
y prominent visitor here Monday.
F Plant, Jr.,:. cultivators, the very
- thing ou need to work young crops,
g can be found at w. P. Roofs.
Il Messrs. T. B. Kernaghan and L. D..
y Brabham, ofiBatesburg, were among
s. the prominent men here yesterday.
d, Ask for our big FREE list of Farms
for Sale. Johnston Realty Company
p Johnston, 8. G, ~ u
2 Miss Katie Belt ICaughman is visit
d ing her cousin, Miss Nina Hook, near
SSf S Golumbia % = i = II T. s 9 s; - =. - ~ 4
The Lexington dispatch. [volume] (Lexington, South Carolina) 1870-1917, 1911-05-03

Foley Kidney Pills take hold of your
system and help you to rid yourself Of
your dragging backache, dull head
ache, nervousness, impaired eyeslght,
and of all the ills resulting from the
impaired action OF your kidneys and
bladder. Remember it is Foley Kidney
Pills that do this. For Sale by All
Druggists.
The Lexington dispatch. [volume] (Lexington, South Carolina) 1870-1917, 1911-05-03

GROCERIES-The people OF Brook
land and vicinity will always find
select stock of groceries at the right
prices at my store. The best flour, the
best meat, lard, sugar, coffee, and all
kinds of canned goods, and the best of
every thing good to eat. Buy here
once and you'll buy again. i,
VI. NJ. G. Caughman,
20 - , New Brookland, S. G.
The Lexington dispatch. [volume] (Lexington, South Carolina) 1870-1917, 1911-05-03
Chickens and EqqS.

All those who have chickens and
eggs for sale will please notify me
and will call for same.
J. J. Argoe,
2w27 Pelion, 8. @.
The Lexington dispatch. [volume] (Lexington, South Carolina) 1870-1917, 1911-05-03
Red Cocks Licked Again

The Red Cocks was defeated by the
Swansea Cherokees IN an interesting
game of ball yesterday, the score
being to 1.
The Detroit times., 1911-04-19

sale OF lat stock because II makes one
OF the dullest pelt markets that has
been known for more than two years.
What will be the ultimate outcome in
the wool market is hard TO guess; in
the meantime, about the only thing
that hockmasters can do is TO store
the clip. and possess themselves In
patience until something turns up.
With recent falling of In receipts,
the current market for live hogs has
shown some ability TO come back,
but. as in the cattle trade. this strong
spot is believed 10 be but temporary.
The commodity seems To have
touched bottom for the present, and
there Is some talk that the market
may have been oversold, during the
recent downward movement. Cured
meats and live hogs are working
along on an even basis, but the weak
feature in the present situation is the
rapid accumulation Of stock In the
provision warehouses of the country.
Report has II that the southern de-
mand Is falling of because of the
large number OF hogs raised during
the past year by southern farmers.
Smaller receipts are expected during
the next fortnight and prices steady
to strong; after that large runs again
and lower prices.
The Detroit times., 1911-04-19
BRILLIANT THRONG AT
OPENING OF CATHEDRAL
Edifice Of ST. John the Divine, Which
Costs $4,000, 900, Is Conse-
Grated In Nav York

NEW YORK, April 19.-In the pres
ence of a brilliant assemblage, the
altar, choir and part Of the nave OF
the cathedral Of st. John the Divine,
was consecrated today. At the same
time the Belmont and King chapels,
henceforth known as the chapels or
st. Savior and st. Columbia, were
consecrated, the Rt. Rev. David Hum
nell Greer, Protestant Episcopal
bishop of New York, and host OF
Episcopal prelates and clergy, Off
ciating.
The occasion was one OF momen-
tous interest to the Christian world,
making the first step in the compile.
ton of the most ambitious church edi-
fice in this country. The presence OF
SO notable a gathering OF accredited
representatives OF so many and d.
yergent communions OF the Christian
church, was looked upon by many &c
clesiastical authorities as evidence OF
a new and strong cooperation among
the churches not only OF New York,
hut OF the nation at large.
The cathedral. which occupies a
commanding position on Morningside
Heights. Is destined TO become one OF
the chief architectural features Of the
city. The work began 20 years ago
hut Il will be 1910 before the nam
moth structure is completed. The
fatal cost is estimated at $1O,OOO.OOO
but the outlay will probably exceed
that amount
The Detroit times., 1911-04-19

well forward, and a further decline III
prices paid for the better grades or
fat cattle Is hardly looked for in the
Detroit market
Mich cows are dull and slow, ow-
ing TO the weak position OF the mar
ket for milk and butter. Easter is
over and the markets of the country
continue TO be overloaded with veal
calves; only one thing can result
from the wholesale slaughter OF veal
calves at this time, namely, slump
in values down to the level OF ma
ture cattle. The average consump-
ton of veal is reported to be enor.
nous, but no possible demand could
provide for the sale of such glut of
calves as are finding their way to
market, these days With all grades
OF stockers and feeding cattle so
scarce that feeders find II necessary
to allow their grass 10 go to waste, Il
seems almost like a crime to sell
splendidly bred young calves for veal
at four to Six weeks old.
The apparently inexhaustlble sup.
ply Of fat sheep and lambs continues
to glut the markets OF the country
with both clipped and wool stock
The weakest element in the situation
is the entire lack OF demand for wool
this has a direct influence upon the
The Detroit times., 1911-04-19
LIQUOR SELLERS, LOCKED
UP, DRINK THE EVIDENCE
Through a Blunder They Are Put In
Room Where the Bottled Goods
Are Stored.

CARSON CITY. New, April IAN
almost successful attempt 70 destroy
the evidence was made by several
arrested liquor sellers who are await
ing a hearing before the federal grand
jury In this city. The men were lock-
ed in a room and the liquid exhibits
to be used before the grand jury were
also In the room. They were in a
package which had been sent by ex-
press to the capital.
Custodian Hofer OF the Federal
building, who was checking up his
accounts in an adjoining room, was
disturbed by the noise made by shat
tered glass and objects falling to the
ground. Hofer Immediately summon
ed Marshal HUMPHREYS, and the Of
fetal hurried to the room occupied by
the prisoners.
He found two of them just drunk
enough TO be mean and the others
engaged I'm throwing out of the win
dow the exhibits. which had consist.
ed OF bottles OF liquor, but which
were now, In the main, empty.
The Detroit times., 1911-04-19
JoBBING PRICES.

Canned Goeds-APplss, gals. .27s;
baked beans: lib. 500 soc; Lima beans rs:
Peas: Fancy. early June, yls6 stand
ard, 800; soaked. 5oQ70c. Salmon:
Sockeye. tall. s2l5; nat. S225; Alaska
reds, 1870; Alaska pinks, 3l.25: Toma-
toes. 4s0soc; succotash. 81 Vl.lo per
Conee Packet coffee, l0o-lb. case,
$lS.75 q 2250. delivered.
Feed-Bran, s27: fine middlings. s2s:
middlinEs sas; cracked eS arm
oats chop: $40 pes ton.
Flour-Michigan patents, In wood.
best; $3.50; ordinary patents, $3.50;
st-aisht t6s: clear, s4.2e per Dbl Rye
onyRaw iinseed, CSC: boiled lin
sene. Sc: Perfection. Sc; Eoesne
I LONE crown % P. EasolI line, 1sc Sa tnr
Previsions-Mess pork. $500; fam
Mso snSssd % Rs@s ,sS Ssis i dry
sailed ,sI b bTisks,s 81 9ioc: shOIi t,s :
i5hc: lard, In tierces. Sc; kettle rem
dered. loo Id.
sugars-Corrected daily by w. n
Edgar q Son: Crystal dominoes. 2-lbp
ssso s,ib; $40; d Eagle "a tablets xsS sSssS
powdered. $3.50; standard powdered
1856 granulated, extra coarse. So. IS
fine. in bulk. s5.15: in 25-lb. cotton
bags. $500; Michigan granulated
4, $40: househoid powdered. 5.ib. car.
tons. is to case. So: lib cartons, u
TO case, $3.50; No. 1, 81. is: No: 2. 1918
No. 3. 1910: No. a. 1905 No. 5. 50: No
8. 1925; No. Z, 1920; No. 8; ;4s5; No
IL. ,4.s5: No Is. $3.50; No. Ia. $500;
No To- 1850 per 100 lbs
The Detroit times., 1911-04-19
1EB I'll DEFEAT IS
due TO DRUNKEN
CAROUsAL
When Mexican Federals Attacked
Insurgent Center at Aqua Prieta
Gen. Garcia's Troops Were In
toxicated and Fled.
President Diaz Is Now Willing To
Step Down To End Revolt-De La
BArra May Be President Temporarily

DOUGLAS, Ariz., April l9.-Hun.
climbed to their housetops before
daylight today to witness another as
sault on Aqua Prieta by the combin-
ed insurgent forces OF Col Juan Cab
raj and Sonora Talamantes, were dis
appointed. At daylight, Cabral's
force, which camped late last night
on the outkirts of the town, was
nowhere to be seen. A cloud OF dust
south of Aqua Prieta indicated that
Cabrai had learned OF the direction
taken by the rebels who evacuated
them. Col. Diaz's federal forces made
no attempt to overtake Cabral.
That liquor had more TO do with
the evacuation Of Aqua Prieta by the
Insurgents than did the exhaustion
OF ammunition is the statement made
today by Cob Medina, one of the rob
el leaders, who surrendered 10 the
United States cavalry. He declared
that while part OF the insurgent
troops were lighting In the trenches
outside Of Aqua Prieta Monday, the
others remained in town and con.
sumed large quantities OF liquor.
When the federals Monday night
attacked the rebel center, defended
BY Garcia, the latter's men were
drunk and deserted their trenches. La
ter II was found that nearly half the
Insurgents We're intoxicated and the
whole force became demoralized.
Some fed to the American border
and the remainder disappeared to the
east.