davidaulloa/AmericanStories huggingface dataset:
The Bridgeport evening farmer. [volume] (Bridgeport, Conn.) 1866-1917, 1911-09-29
,riginal par value of the invest

the original par value of the invest
ment. -
The results of the enormous infla-
ton and appreciation in value of the
securities and of the dividends paid
are seen in more striking way when
the growth in the Investment of one
of the original concerns that entered
the American Tobacco Company is
considered. The w. Duke & Sons
Co. business in 1885 was valued at
s25O.0OO and in that year capitalized
at this figure Tin 1878 at $70,00O).
Without other additions than surplus
earnings this business formed the ba-
sis five year 8 later, for the issue OF
$500. 900 of stock of the American
Tobacco Company. 100000 prefer
red and, "a, 500, 900 common stock
This stock, partly as the result of the
100 per cent; dividend on the COM
mon in 1899, partly on account of
the issue of $500 of bonds for each
s1OO of common stock in 1901, and
partly on account of the readjustmenr
of the securities in 1904, had increas-
ed i'm 1905 to securities of a par value
of s22,0O0,000. From 1890 to 1908
moreover, casflS dividends and inter
est paid on the stock and bonds bas-
ed on the DuIFe business amounted
to s16.T32,5o0. y The par value of
the securities and the cash dividends
to the end of 1907, therefore. amount
The Bridgeport evening farmer. [volume] (Bridgeport, Conn.) 1866-1917, 1911-09-29

| lish and maintain prices without much
regard to competition in the principal
branches of the business it may pe
repeated, IS wildly illustrated by the
fact that when the internal-revenue
| tax on tobacco was reduced in 1901
and 1902 the com bination maintained
| it's prices at the levef which had been
established when the tax was increas-
cd some years earlier. AS a result
of this policy it appropriated practi-
cally the entire reduction in the taz
as additional profit in succeeding
years. Had the important brands
controlled by the combination at that
time been distributed among a num-
Der of competing concerns. it is in
| conceivable that these concerns would
thus have been able to keep up the
old prices and thereby to have appro-
priated the reduction in the tax as
additional profit for any great length
tof time.
AS already pointed out, the result
of the internal revenue tax reduction
affords a striking object lesson on
the complications which surround fis-
cal legislation concerning an indus
try where an effective consolidation
is the dominating factor. The very
high rates of profit obtained by the
com bination as result of it's mOnop-
olistics position have enabled it to pay
dividends on a very excessive capi-
tdllZatlOn.
Repeated mutations of the securities
of the com bination, moreover, have
been extremely profitable to the stock
holders and have resulted in the ac-
emulation of enormous private for
tunes. Az shown in the body of the
report an investment in the common
stock of the American Tobacco Com
pany made at it's organization in 1890
and held intact to the end of 1908
would have received in dividends (eX-
Guiding the 100 per cent. of stock at
par in 1899 more than 400 per cent
on the original amount. And in adj
dition to this, the market value of
the securities as they then stood (end
of 1909, would have been $50 per
cent. in excess of the par value of the
original securities. The dividends re-
ceived in this period, the imitation of
the securities, and the appreciation
of their value in the market would
therefore, amount to nearly 1000 per
cent. on the original investment Ev-
en- if the stock held had been ex-
changed for bonds of the Console
dated Tobacco Company in 1901, the
dividends, interest and excess of the
market value of the securities would
have amounted to 521.5 per cent. of
The Bridgeport evening farmer. [volume] (Bridgeport, Conn.) 1866-1917, 1911-09-29

ed to nearly $39,000.0e0, or 15s times
the capitalized value of the Duke bus
mess in 1885. BY taking the mar
ket value of the securities, the re-
suits would be practically the same
This remarkable appreciation takes
into consideration only the readjust-
ments of the stock of the American
Tobacco Company and the dividends
paid thereon. The profits derived
from the additional investment in the
stock of the Consolidated in 1901,
such profits going principally to a
few inside interests, make the results
still more startling. The dividends
on this stock and, after the merger, on
the common stock of the new Amerf-
can, into which it was converted, and
the appreciation Of it's value amount
ed in the short period 1901-190S to
$50 per cent. on the par value of this
additional investment.
These enormous profits resulting
from imitation of the securities and
the DIVIDENDS paid thereon rest, In
their ultima,e analysis, upon the mo-
nopplistic advantages obtained in this
industry through concentration Of
control.
The Big Sandy news. [volume] (Louisa, Ky.) 1885-1929, 1911-12-08
Bester schools for Kentucky.


The Legislature of Kentucky viii
have no more important question
before it this winter than the in,
provement of our public schools
Better school houses, consolidated
schools agriculture in our country
schools and better vocational traia-
ing in our Normal Schools are good
things. They are all things which
we heartily favor. The educational
problem, however, in Kentucky IS
none of these things. II is how 10
get the children into school and
stamp out the blight of il,teracy
1t is to make common schools OF the
State accomplish the purposes TO
which they were primarily establish.
ed to give the children of the coil
monwealth some education. rathey
than give asmall per cent of them
better education The News wants
wants to offer practical suggestioA
VIII u 90 long WY toward
solving the problem. FoT the stat
to give a bonus to tile school distrei
whigh leaves local school tax;
TIPS will create local dictrict prid"
f. the school. To pay the teacher
III part in according to the atten-
dance in school; this win make the
school teacher financially interestea
lin having a large per cent Of a.
tendance. A census taken of tle
number OF illiterate children q
school age when the regular census
is taken so that we will know VINO
the illiterates are, and where they
are and how to reach them These
Sthree simple things win DO more TO
yamp out niiteracy than anything
Nfn the way Of school laws the les
stature can pass EfMabeihtpMr
News.
The Big Sandy news. [volume] (Louisa, Ky.) 1885-1929, 1911-12-08
DON'T OVERLOOK THIS
A Careful Pe,usal VIII Prove It's
yaiuc ID Every Louisa Reader.

The average man * douhter. an
mora is little wonder that Trims is SC
Misrepresentation make people skop
lics. Now-a-days the public asks for
better evidence than the testimony q
sartngers. Here is proof which shea
8rynoa eygey Louisa feader
Mrs. r. skaggs Lock Ave Louisa.
Xg SAYS. A cold whlsh sattled on
any kidneys caused an atact Of ium-
5aeo and also suffered from rhea-
nat.sm pa.us through nc small q D
SIX. a NJ 4dlneys sd bladder be-
ame inGlamed and the kidney s'-
retons wera Unnatural There WAS
h dropsitai swelling IN my limbs
and always ielt Tired. weak and
nervous. The contents OF two box
of Doans Kidney Pills gave me
me onare freedom from these annoy
Ing symptoms OF kidney troubles.
s,atmeent given Jan 2S. i90S-l
4 LASTING EJECT.
On June n. 1908. Mrs, skaggs WI
Interviewed and she said II gladly
confirm the fsS;lmonlal / gave Tor
publication in PRAISE OF Doan's
kidney pills year and half ago.
have had no return attack OF kidn'
trouble since this remedy cured me
For sale BY all dealers. Price
so cents, Foster-Milburn Co, Buff
10. New York, sole agents for the
United States.
Remember the name Doans -
and take no other.
The Big Sandy news. [volume] (Louisa, Ky.) 1885-1929, 1911-12-08

would be situated about tho center
OF the proposed county,a little near
er, however. TO the Virginia state
line, about fifteen miles from White
burg. the county seat of Letchcr,
and about forty miles from Pike
gille, the county seat of Pike.
pike, in area is the largest county
in the State. while Knott and FLOYD
can easily spare a part of their ter
rltorys The part OF Letcher from
the mouth OF Boone Greek up Is
4 narrow nook, most of which was
at one time a part of Pike,
Now that the coal and timber re-
5ources of this section are being rap
dly developed the population IS
rapidly increasing and the remote
ness from either whitesburg and
Pieville Tor the transaction of legal
anil other business makes II abso-
.a,ely imperative that something he
done, and that the formation OF
asw county with jenkins as the
Dunty sat is about the only rent
lily. rae new county, owing TO It's
natUrpf wealth, wae!a he a source
Of much revenue to the state
Many Of tie Leading Democrats Of
be four counties from which the nc
ouniy Is 10 oe carved are In iayDr
:; the project and with the Leess-
stature and senate strongly Dem
3saua and Democratic Governor
j. approve OF the proposition. tue
new county looks 10 be a sure go
The Big Sandy news. [volume] (Louisa, Ky.) 1885-1929, 1911-12-08
A "REMINISCENCES.

The following incident as told by
correspondent of the lronton Reg
ster, might have occurred, bn;
ne OF the story sounds a little
llt fishy'. The old steamer Bos-
On ran between the mouth of san-
n and Cincinnati Ceredo Is several
ee above Catlettsburs, and how
81. zeigler could have hailed the
31at that distance is not known.
le NEWS leaves it for Others 10
=yslain.
neral Jenins made d raid on
uyandotte, W. Va, and captured
Ne 9Th w Va infantry which wa.
elng orgipized
Col John L. zeigler, who WIZ
i Csredo with four companies o.
the 9Th " Va infantry received
ord 10 come to Guyandotte-
Il got ready to so at once.
The steamer Boston came in sigs
md Col. hailed it.
Captain Honshall motioned his
cad that hen could not land
zeigler had onc small common witt
aim which he ordered loaded AZ
hey were taking sight on the boai
a5nshail rang the b2ll 10 land IA
he boat struck the bank Cap
Honshaii asked Zelgler where 3,
wanted 10 20. lie replied TO Gn'-
.ado,te as fast as you can turn th'
heels Of tae boat"
lhe boat cleared L seems sh'
went 10 Guyando-te, aoogt 10 m q.
s,anea in about ten minutes
As the command approached th'
Down tue Col. saw tne dead an'
wounded men, and also Inc de''
horses.
The Col. swore little and ssi'
Barn the C . towu"At this tim
Mayor A. A. Thomllson saw ma
two coming ont frcm under ~
| Agase. No SID hold IN Col, thaf'
are naen under the houses.
4 Today enc ;aetofy ctianey can D
sen Standing as monument Of IL
battle. And as both sides gaze Q.
#lt- many @ tagr ASS been sha
/ even II It has been fifty years ago
COMMODORE
George w childs well khow
cigar man Of Maysyille. died In tha
-ay recently after an Illness 4
MY oae hoar. Mr. childs was !
l.onisa o short time ago.
The Big Sandy news. [volume] (Louisa, Ky.) 1885-1929, 1911-12-08
WHO MORGAN SINISTER is.

A "kimono ball" allowing Green
brought about the meeting between
W. Morgan shuster, Treasurer Cen
sraiof Persia. who is an Internal
ional figure at present, owing TO the
Persian situation, and his wife, VINO
was Miss Pearl Trigg, of Glasgow
Ky.
About nine years ago Miss Lottie
whitehead and Miss Elizabeth Wood
OF Bowling Green, while on a tour
Of tho world visited Manila and thor
met Mr.. shuster. who was then Unit
ed states Collector OF Customs Tor
the philippine Island. Learning that
Mr.. Shuster was soon to return 70
America on six months leave of alb
sence. they invited him TO attend
n .'lSimono BARI which they propoa-
ed to give after their return home
They brought back with them from
China and Japan a number OF kim
onnos for uiie on the occasion by
themselves and their girl friends
Mr.. Shustsr came 20 America and
attended the dance at Bowling
Green. lie met and escorted to the
ball Miss Trigg. daughter Of II. q
Trigg, the Glasgow banker, who wa
visiting her sister, Mrs. 9. Y. Ne
Elroy, at Bowling Green. Their ac'
quaintance rapidly ripened into love
and Mr.. shuster )spent most Of hir
vacation at GLASGOW and ia Louis
Vile. where Miss Trigg spent some
The Big Sandy news. [volume] (Louisa, Ky.) 1885-1929, 1911-12-08
work For kentnel.y oongre..man

Mr. James will, Of boursa play
prominent part in the House leader
ship. particularly on the tariff quca-
ton. since he IS member Of the
Was and Means Committee Mr.
Stanley, as chairman Of the steel II
vestigatiug Committee, and proo2o-
~ author of a report which VIII out
line she Democratic position on cue
trust question, VIII handle sno'h7s
prominent issue. Mr. Thomas, 90
Judiciary, viii deal with weighty 'na
tiers OF legislation; 70 Ar. Johnson.
win be intrasted the Government p
the Distrsct of Columbia. MI, sher-
ley viii frame the fortifications bill
carrying millions and have much -
shy about appropriations forthe run
ming expenses of the country. Mr.
Rouse intends to ameliorate The
working conditions OF postai employ
es generally; tobacco and kindred
ouessions will absorb Mr.. oantri l.
The Eighth district member Nj
Helm. is chairman of a committee
The Big Sandy news. [volume] (Louisa, Ky.) 1885-1929, 1911-12-08

time on 4 visit TO her sister Mrs
John w vroelaud
When sir. sulster left America AZ
the close OF his vacation he took
The Giasgow girl with h,m 90 his
bride. They we're married az Gla9@
gov April 20, 1903 Mrs shus'er
and tue two shlster children ase
az Teheran wi,h Mir. shuster' q
things SGT too warm they Niil se"k
the protection OF tae American leg
alton.
The Big Sandy news. [volume] (Louisa, Ky.) 1885-1929, 1911-12-08

of inquiry into the War Department
and military questions will con-
cern MI Fields.
The Republican members, Messfs
Langley and Powers have their pro-
grammes yet TO frame ssnatots
Bradley aud Paynter occGpf im-
pnrtant committee places, and be-
longing 10 different parties. w.ll he
deep in partisan and legsia 9
questions during the session.
The Big Sandy news. [volume] (Louisa, Ky.) 1885-1929, 1911-12-08
MOUNTAIN MEN.
tcontInned from page ONES

lug until pasp midnight,
A feature Of the canpaign when
was particularly pleasing to the man
who from the background directed
the fight was the fact that every
faction within the party, whether
local, as in the city elections in LaN-
lngton and Frankfort, or State Hita
n proportions, was United in sup
port OF the State ticket, and en-.
however, tense the factional lcl-
ing. doing its share toward winning
the Victory.
The Big Sandy news. [volume] (Louisa, Ky.) 1885-1929, 1911-12-08

TAFT says tarif agitation distrrhs
business, Precisely, He wenld
have it so that his friends, the
rusts, might. Ike the brook. go on
'orever, placidly and undisturbed by
agitation" Nothing would please
aim and them better.
The Big Sandy news. [volume] (Louisa, Ky.) 1885-1929, 1911-12-08
WOUNDED ms NItn

Tho News learns through ono 81
ChatAfog w Va
that on Thursday night last JAY
Adkins cut and wounded his wife.
at tho home Of her iather Tine
wounds are on fh neck aud are
not considered ssrloas The couple
have nd. nyod tos thor recently
Adklps escaped
The Big Sandy news. [volume] (Louisa, Ky.) 1885-1929, 1911-12-08

Bryan warns the Democrats or
reefs which may be encountered
Mr.. Bryan has an intimate persona
howledge OF one reef which the
party has thrice encountered aad
which it viii strive to avoid in the
Future.
The Big Sandy news. [volume] (Louisa, Ky.) 1885-1929, 1911-12-08
MS ,NNnn ,DNcnousNEss.

Elsewhere 10 Mss paper John Ian
giay gives dts subtle reasons for
the late defeat 81 his psrty AZ the
polls What ME Langley really
SHOWS TO BE- the cause would meNe
interesting reading
The Big Sandy news. [volume] (Louisa, Ky.) 1885-1929, 1911-12-08
rRornAcrEp Mn.ErINe.

The Roy Roscoe Murray win ne
gin protracted meeting at the
Baptist church this lty Thursday
night pte7. lie viii be ofs,sied
b. ministers Of this place as their
,iae viii permit
The Big Sandy news. [volume] (Louisa, Ky.) 1885-1929, 1911-12-08

same his Instruction 70 the B'bic
study Circle Thursday night, The
circle Is a great factoF tor good
ana az! tao members rejoice al the
resumption OF the work.
The Big Sandy news. [volume] (Louisa, Ky.) 1885-1929, 1911-12-08

4 man named Potato has heen
for flirting. and the Louis
lille Times hints that his front
tame might have been Mashed,
The Big Sandy news. [volume] (Louisa, Ky.) 1885-1929, 1911-12-08

.FHiE TRADE. FREk LOTS, FIsEE
SCALES At w. V, Roberts, cadmus.
Ks every saturday where you WI
find i've stock TO buy and buyers 10
lttv a.
The Big Sandy news. [volume] (Louisa, Ky.) 1885-1929, 1911-12-08
BIBLE CIRCLE RESUMES.

Prof Kennlaon has 50 fer recoyeref
his health that he was able TO re-
The Big Sandy news. [volume] (Louisa, Ky.) 1885-1929, 1911-12-08
Established in 1000.
BIG BLAINE PRODUCE co.
n. J. PACK, Manager.
Dealer Ia

u. J. pack, Manager.
Dealer In
HIDES. WOOL, FURs, RuBBER,
iltAss, COPPER AND ALL
KINDS or PRODUCE AND
GROCERIES.
We nrc exporters In raw furs.
pcIts. We VIII give any trnpper,
trader or hunter more for his pelts
than be can yet by shipping. We
know how 10 prepare for London
sales. VIZ arr connected with the
ling distance phoc Call us up BY
phone, We are connected with five
different lines, Pestofficc box ~.
BLAINE, KENTUCKY.
The Big Sandy news. [volume] (Louisa, Ky.) 1885-1929, 1911-12-08
NEW COUNTY WANTED.

CONTINUED from page one)
The Big Sandy news. [volume] (Louisa, Ky.) 1885-1929, 1911-12-08

George w childs a wen kho~p
cigar man Of Maysyille, died in that
recently. after an Illness Of
MY oae hoar Mr. childs was IN
Louisa o short time ago.
The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1911-07-25

Refinery" asked Representative Mad
isOn.
Yes. ! wanted him To Join in the
trade laboratory. | was establishing
He would not. | think. because the
American Company was In IL. I told
him he was foolish. that he was losing
money and there was no use biting
off his nose TO spite his face. We
had all lost money by the system Of
polarization. That's all our in
tcryiew ever was about"
"Mr. Spreckcls says O suggested
10 him. after a meeting with Mr.. Have
meyer. that he should limit or reduce
his output. He also said that YOU
were reducing your output Is that
true?" .-s q
"~Spreckels used 10 tell me his
troubles. with the American and
tried TO smooth them over. But
never asked him To limit his output.
Lots Of the sugar men came 10 me but
] always told them. Don't talk 10 me
about limiting price or output. Re.
member the Sherman law OF course
eventually every one had TO reduce
as the country was overstocked."
There has been no agreement" he
added. but ] will admit that there has
come n friendly feeling between MS.
II Is much better"
The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1911-07-25
bogus PRIEST
IS ARRESTED

Charged with collecting money un-
der Misrepresentation. Leon Paclo-
czech. who is charged BY the Ianes-
Vile police with being a bogus Catho-
lie priest. was arrested in that city
last night and held 10 the grand jury.
The man collected money among the
foreign element. claiming that he was
authorized 10 do 80 by the Catholic
church
Rev. Father Sciuinger. Catholic
priest ~ that city. stated that tho man
was not authorized 10 collect the
money Zaucsviile police claim tho
man De- q noted confidence man. and
was recently run out Of Wheeling.
bridgeport and Canton by the police.
Tie has e family Of seven persons
The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1911-07-25
DEMOCRATS JACKPOT


midnight. He rounded mp his fol-
lowers and told them he would blow
them out Of the political waters il
they attempted shathing.'
Take Money TO Capitol.
Mr.. Kelley said Raymond told him
this story. prior TO the Lorimer elect
ion and that S2S.0OO or 100000 was
reputed to have been taken 10 Spring.
field. He then read from a mem
orandum that on September u. 1910.
Representative Copley and John VI.
Glenn. came 10 his Offices: that Cop
ley and Hopkins come from the same
town and they hate each other
h%ealthily and viciOusly."
The witness produced a memOran-
dun Of what Copley had said. n was
TO the effect that Daniel Byrnes.
formerly Of the Chicago Northwest
ern. was the man who tried 10 put
through The deal" and that the
money has been taken TO Springfield
by a resident Of Wheaton. Illinois.
Mr.. Kelley testified that he had been
Informed that the Wheaton man was
Fred " BiOunt. According 10. the
memorandum COpley said he had
called upon Governor Deneen and
Deneen had agreed 70 call In twenty
OF his Republican allies and n the
Democrats voted for Hopkins. 20
have these twenty switch from Hon
kins.
Anything unusual take place I'm
Springfield tho next DAY" Asked
Attorney Marble.
The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1911-07-25

For the first time the roll OF the
house was called before that Of the
senate.
Mr.. Kelley sent list of questions on
May .. 1910. to Hines and y. ;. Con.
way asking. about the Lorimer con-
tributions. Mr.. Conway said he knew
nothing about them.
Hines Threatened.
MIR. Hines" the witness said. de
clined TO answer He came to my Of
flee that night with Mr.. Wiene asked
il this list OF questions was a joke.
Said he had "A reputation IN Chicago
and that these questions were insult
ing. lie t old me he would sue for
libel II / printed anything that re-
dected on him. ! replied ! would
print the truth and that the Tribune
building was worth S1.5O0.0 900. II he
sued. he might be able 10 use IL tthe
building in his lumber business.
Mr.. Kelley said he son the same
questions to Roger sullivan. explain
ing that ! had been his friend. but u
ne was in This matter God help him
for was going TO treat him just as
did the rest. and ! thought the roof
was about 10 rave in
Mr.. Kelley insisted that II was upon
advice OF the counsel hal he had not
told the previous LOrimer committee
about his knowledge OF the story that
Hines asked Funk 10 send a LOrimer
contribution TO Edward Tilden Sena-
tor Kenyon suggested tina n partner
OF Nr. Austrian. Mr.. Kelley coun-
sol was counsel for Tilden and for
the whlskey interests. which were
reputed 20 have contributed TO a
Jackpot Mr.. Kelley said he did not
doubt Mr.. Austrian's integrity. Mr.
Kelley said tho existence Of a cur
ruption Jackpot "a common gossip
The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1911-07-25
GRAND JURY MEETS

~lSIEN-NfIlT. July &C.. There is
nl Ii'iaII" speculation here tonight 90.
rard|ug what VIII Or. dom. g... Ella
Grand Iur. msaf. offer T. fff.. week Do
DHiinu tnWurroN morning and starts
70 W"fE 900 fhe ifNcetEHtlure uf political
lii "ii"lH .HtNItIunH in .sfffaVIIr and
we county Tho fact THAT durIrF the
past couple 90 dHfe o. number OF rules
NufnpnfrH and attachments have been
WV '" something Of impurtnnoa done hv
tIc IurY.
IH" lHrt HHf oulU two b-arfeudera for
NHnW rrrInH wffe leaurd were rfrturaI
ihi HiU Hrrefr before fHo court f1msr-
'W unfnInE while several ofhera fre af
ihft .faif many fu believe that further
viii urt1 later
ThFrln Wu Do Lone. or NIiIIsbaurre
VIZ .I iI' GUS today Ou business. and
I WIZ 'iw u number NJ euIruerrr
on" AUTO IWent.. Ha we'll aa .Hriaaea