New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1911-08-07
TOPICS OF TIE STREET.

CONGRESS INVESTIG ALTON S.-speaS
Trask & Co. IN their august bulletin q,
among other things. after discussing ~
sible tariff changes. The other phzSe
our politics. that 0t inrezLgat.ons a
reached a point where. u -ne matter 'ue
not fraught with SO much danger e ml-
be looked upon as a. amusing gzras .
guess what company Is . be called .
next before q committee We are ar irc-
questioning the propriery OF many o. t.az
invest cations, but what we sncl.c l!ks !
know is what in the last analysis Is ise
motive? Il the government has sst is.
our 70 punish every individual o. cogpxf
ton who dares come % an aggrensnt ~
prices with a rival, or, put n a1c-e
way. II the government insists On tor-,f
competition between individuals CT q
poratfons whether they VIII . or not i.2
l. would h. well 70 know 4ust now lsr N
Iaw demands that this competition go q
II 70 Dc lust g nice. polite rivalry, sc.
as exists between Two gentlemen wno reS
in a bloodless duel and then consider r.'
honor satisfied. or VII tae zoyes l,,,s,
force these rivals into such q cloccy ~
tie that the field VII be strewr VI
wrecks and even the victor LET n ar .
haugted condition. We fee that tnese .,
points which many q those politicians w,
talk so z.ibly OF busting the trusts src-:
seriously consider. Fortunately. ne 2s'E
seems 70 % realizing that these invesrr
lions ara being made more particular
for the purpose or sausIying poLLa|
eyi genciss and Is coming 20 the concIcsc
that the revelations OF ccTporate ~
feasauce dating back % years age re-tcil
past rather than present conc....ns =;
that n IS less ready 70 axe trigat ~
sell out security holdings This Is not g
evident from the most casual ooserTsts
bur Is proved beyond question 81 ri
steady and notable increase n ire S.
holders list OF practically every one ~ :
large railroad and industrial corporatus
L.ACJEDE GAS LIGHT COMPANY
The TacIede cas- LIEhr Coupany's -
electric plant a. Mound and Mrlz.s-
streets s.. Louis. VIII be completed aug.
Is The companv VIII furnish e-sctro =
ard power IN any part ~ - LOUIS.
electric plant cost $4,000, nas 49,.
N 900 kilowatts Is equipped W,ta t-iu..
and has al the latest machinery, 49,.
automatic devices Tor operating pTy'1s
Engineers assert that electricity can n
generated ar less cost r. The =. Louis =.
than u can he transmitted -ror1 ne 81
kuk water power plant Ihe ons-
schedule OF Laclede Gas ranges -
L cents a kilowatt fo~ light ana TOE
10 cents for power 4 permanent ano ~,
price schedule. however. IS 10 be prepS
and will be made public ~ srgss,
This brings Laclede into direct connis, - ~
connection with the Union Electr.c -
and Power COmpany AS me o-sYSr
supplying electric current IS I'd - 80 n
nopOly Laclede apparently pans 70
the same position in s.. Louis tAat ~ ~
dated Gas holds IN Marnatt4h an
Bronx.
BANK CLEARINGS.-The totai
cleartngs for the United states ~. -,
week ended August 3 1911 one az aA },,rr,
mated. according 20 The tinanc'A4 -.
icle were So.9ls So Wnicn SoIs
with s2.77624S Te4 FOR the week ence: 80 !. ~
g. 1910 COMPARED WITH last year' - -
bank clearings have increased ~ = - n
New York city reports ar Increase 80
per cent. 81. Louis OF I per cent Aha
Orleans OF pa per cent. While tA4--
shows a decrease OF 81 per cent
HOLIDAYS IN LONDON. 90 Adsn
being the first Monday ~ August
utory bank holiday 81 London $50.
terms or the Lubbock art Lls - "A
Easter Monday Whit Monday 81
dav after Christmas. known as -
Day The Saturday preceding So ,,sr,!
days is not a bank holiday ano : 80
taken az the option on gre LohU'N
Exchange and other exchanges. ,,.s,-rSk
AMERICAN GLUE COMPANt 90 "a
NEW STOCK. Stakeholder o. ..-., - 4
can Glue Company VIII oe ps 49, n. n
subscribe until August y tor 49, 20
< per cent preferred stock az 81 .,.-.A|
10 the extent OF one share or rev p-ss..riE
for each SIX shares OF common or h,srl.s3
now held This will make me o1's,s;iie. f
preferred stock OF the COMPANY, - ~
The proceeds. $50 900 Will BE- use1
date debt which on May 81 stood a.
255. 600. n.rfss<
SOUTHERN RAILWAY BUYS "a :
The Southern Railway COMPANY - - Al
an order 70 the Tennessee loal, - - p
Railroad Company FOR 30" tons o
hearth steel rails.