The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1911-03-06

New York, March 6.-The board Of
city record of New York City has
won considerable distinction by going
on record in defiance of the New York
exchange, Considering the enormous
wealth and power which New York
Stock exchange represents, it is mar
rover in its arbitrary rules than any
other stock exchange in the world and
resorts to more petty grating than
any respectable institution of simil-
ar nature in any other city would
dare to indulge in. One of the most
outrageous of the arbitrary rules of
the New York Stock exchange prohib-
its the listing of any bonds or other
securities not printed by the American
Bank Note company. Under this rule
the American Bank Note company en-
joys the practical monopoly Of print
ing bonds and certificates for all cor
porations which desire their securi
ties to be listed on the New York eX-
change. Securities that are not so
listed are excluded from Legitimate"
trading on practically all exchanges
in the country. which closely follow
the rulings of the New York body. 1t
Bank Note company, having the mon
opoly of printing bonds and certif-
Gates, EFFORTS absurdly high prices
for it's work, part of the graft gng as
commission to the managers of the
stock exchange. When the city re
Gently advertised for bids for printing
the certificates for the contemplated
$50, 100000 bond issue. several con-
Germs responded. The New York Bank
note company offered to do the print
ing according to specifications for S44.-
500, while the American Bank Note
company asked $62,075 for the same
work. Notwithstanding the threat of
the Stock exchange to refuse the list
ing of the new city bonds, the board
of city record awarded the contract
for the printing of the certificates TO
The outcome Of this matter is awaited
in financial circles with great inter
est.
Eggs have dropped out of the class
of luxuries in this city. They are no
longer handled on Maiden Lane to-
gether with diamonds, rubies, pearls,
etc, only within the reach of million
aires. In fact, so cheap have they be-
come. that even the common herd can
afford to indulge in them and revel in
, omelets and cakes which derive their
golden yellow color from the genuine
| hen fruit and not from an artistic
ouch of some innocuous dye stuff
Not for fortyone years have eggs been
| so cheap in New York at this time of
the year and there is reason to believe
| that the lowest mark has not yet been
reached. This astonishing state of at
| fairs is attributed partly to the ener-
getic warfare against the egg trust
and partly to the unprecedented activ-
| ity of the hens in all parts of the coun-
| try.
Among New York's magistrates
there are some decidedly queer speci-
mems. Every now and then one of
centric ruling, while another one will
make himself ridiculous by some ash
nine decision. A few days ago one OF
these judicial misfits distinguished
himself in manner which clearly
shows his absolute unftness for the
position occupied by him. Some re-
spectacle citizen was accosted by two
beggars who worked together and
! when he refused to give them money,
they followed him for some distance
threatening him and insulting him in
the most outrageous manner. When
the citizen met a policeman, he had