davidaulloa/AmericanStories huggingface dataset:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-09-08

The Manhattan Jhhhl'd i'"'l""' o.
which took over the franchise Of the south
shore Traction COMPANY IT Is reported
will soon begin its construction work on
it's line from greensboro Bridge 10 ia
malra. passing through Thompson ave-
nue.. Queens.
The Durham y e.. Power Company
.apitalized a. t5oon 10 build an electric
light plant electric railway etc, I'm Dur
ham. is one 81 the new Southern corpora
tong
The Public Service Commission, -
Ncw York District. has giycu prclim'
mary hearing upon tho reorganization
plau Of the Geneva & Auburn Railway
COMPANY. The railway extends from
Geneva TO tho town al seneca Falls, on
the westerly side Of Cayuga Lake. dis
tauce including branches and turnouts. 81
1T.75 miles. It's present capitalization 49,
bonds. $4,000. preferred stock, $1,000
common stock $4,000. and there are also
outstanding notes to the amount OF Sl"-
O00 II IL the desire Of the reorganization
committee 10 capitalize the railroad as
follows: First mortgage per cent gold
bonds. $4,000; preferred stock N5'"'
common stock. S300.O0o Chairman Ste
yens called attention TO the insuficiency OF
tho annraisal which was submitted with
the papers. and said that before proceed
ing the commission would require a COM
plete and thorough inventory and ap-
praisal of the properties, showing "h'r'
necessary. quantities and unit prices l'
called attention TO the fact that the est-
mate OF the reproductive value OF the
property at the present time was shown
10 be s72e 900. and that deductions mace
from this by the engineer who submitted
tho estimate for depreciation OF N02.oo
shou the present value OF the property on
bis figures as but s627, 900, whereas $soo,OD
capital is asked for Chairman stevens
called the applicants attention TO the IA"
that II would be necessary TO snow the
commission .on what the applicants re1ed
in asking for 10000 capitalization Inc
last reported annual net earnings or the
COMPANY we're shown 10 be 5000 ana ne
said that per cent on the proposed new
Capitalization would need $4,000 earnings
Tn. chairman called attention 10 the fact
that the trouble with the road In the past
had been due to a variety Of things, one
Of which had been that II was largely
overcapitalized. and he remarked that
there was no use In such reorganzauons
unless things are cut right down TO The
hone and put on rock bottom basis. II
This is done the company will prosper In
the future but just so sure as they over
capitalize there will be an effort made 10
try 10 earn a return on the capitallza-
ton. II the capitalization is excessive II
will produce poor service, the upkeep
won't be taken care Of, and then there
Will be trouble right over again. IL ~
not 10 tho interest OF the people who own
this road TO overcaptalize one dollar or
TO indulge In any false anticlpations. 1t
does not increase their earning power a
bit. and they will get all the earnings
anyway"
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-09-08
RR|[F NOTES OF FINANCE
o,raoraphs Of Current Interest
'"' for the Investor.

90 worry about money ne
80 ne'' nave a convention I'm Detroit
ank' az, e.. " week, and they can supply a
NJ Of money r,,,,froe state that the
Advi'es .lrn Grain Dealers Association
Northwest crops Of Western Canada
esdHs'eS wheat. i0,5SLoOo acres. at Il
as fo!'O"o ', acre. 179.S2S,oCo bushels; oats
bushels 80 at s. bushels per acre, ~
S2S,cO 49,, barley. 100000 acres. at
:a s.sels per acre 100000 bushels 0 a.
s. ousn''9 - AT II bushels per acre. l2,-
iuaW @l The final estimate of the
:io0' In 'son of 1911 gives 17z1o9.oOO bushels
V'ea, .a srgi $4,000 bushels still i'm the farm
.rs' hands.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-09-08
Man Form Merger.

,,.,sers Of the American Auto Cor
So, have authorized their directors
poTa"O" ,mate a merger with the Nd
70 'O''' ,,rer Company. Of Chicago, an
'~l''O .tre manufacturing concern. If the
. tom GOES through, it is planned to
lnele ,bs consolidated plant at New Al
Io'a' I'D The New Albany concern has
'S"y, tel Of $4,000. The consolidated
'a sn,es would have a capital of
., .pnN
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-09-08

Daily sales OF stocks and bonds on me m
Stock Exchange during the last "e'N'
with yearly PARSONS.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-09-08
ITEMS OF THE STREET.

These dividends have been declared ::
Great Northern Railway Company. rcgu-
lar quarterly 1N per cent, payable No
vembcr ] . Twin City Rapid Transit Com
pauy. regular quarterly ~, per cent on
the preferred and 1is per cent on the COM
mon. both PAYABLE October I; Duluth-Su-
perior Traction Company, regular quarter
ly 1 per cent on the preferred and Ia per
cent on the common. both payable Octo-
her t. British Columbia Copper Company
regular quarterly per cent payable oc-
tober Is: American Cigar Company usual
quarterly 1le per cent on the preferred,
payablc October / California Electric
Generating Company, quarterly III per
cent on the preferred. payable October ],
and Canadian General Electric Company,
regular somi-annual 80 per cent on the
preferred and quarterly "a per cent on
the common. both payable october ],
Total bank clcarinss for the United
states for the week ended september
cone day cstimatodh according 10 The
Financial Chronicle were $2.525.6l I'l'.
hich compares with S2,3l3.9S2,192 for
pared with last year. total bank clearing,
have Increased t6.3 per cent New York
city reports an increase Of % per cent.
Boston. 2S.j per cent; Chicago. III per
cent and ST louis. 81 per cent
Exports OF specie from the Port Of New
York In the week ended September I were
s1.315 gold and s7q9.7i' silver, the total
~ sso7.oei comparing with Sl,oii,2oi FOR
tho corresponding week OF last year. TX
ports Of gold since January ] have been
s32.i93. az and Of silver 32Naooa5
against S3.O5I5H and selfiI,SSl, re-
spcctiyclv. FOR tho same period ~ 1911
Imports ~ specie FOR tho week ended
September were S32A3G2 gold and SIG
$50 silver total Of fl7I-f2. against
i543IS9 for Tho corresponding week Of
last year Imports or specie since Janu-
AIRY have aggregated S.2.;l5.aS5.
against SJ5.S55.Sos Tor the corresponding
period ~ 1911.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-09-08

The Manhattan & Jamaica Railway
which took over the franchise Of the south
shore Traction Company. It Is reported
will soon begin its construction work on
It's line from greensboro Bridge TO ia
malra. passing through Thompson ave-
nue.. Queens.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-09-08
SHORT TERM NOTES.

(Maturins 1ol3]27)
FURNISHED by sxartNout & Appenzellar. No.
II Pine street,
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-09-08
NEW YORK PRICES
INTERIOR ECEPTs.
SEABOARD CLEARANCEs

FLOUR AND MEAIs-Flour steady with
a fairly good iobbng demand Spring patents
81 l5GS5 so. winter straights 81 56as4 IS
winter patents, 50 s0a$5 %: spring clears
50 50a$4 So; extra No / winter 50 20aS4 80;
No .. 81 l0QSi %; Kansas straights. 81 309
- 30. fancy spring patents, s. 90dS6 IS. RYB
FBOUR-Quiet. fair TO good, So s5qSi; choice
20 fancy. 81 05dS4 IS. CORNMEAL-Firm:
kiln dried. 81 -. BAGMEAI.-Fine white and
yellow. 81 IOGSl 10; coarse 81 6JQSi 10 FEED
Western spring. S2i 10; standard mlddng
ST 10. -four DO. s3l 10: red dog SS2 10: city
bran. S23 bulk. S2i 80 sacks. middling. s27 80
q$33; red DOC. S33 80; hominy chop S26ds27
bulk so 2odS2s 20 sacks. OILMEAL-S35D
$50 30
COFFTE-Actiye. but operations were
quite evenly divided and price changes were
small. A. the close values were points de
cline TO points advance. with sales OF III 600
bags. Havre closed at a decline Of lG1.
francs Hamburg was %di pig lower. Rio
barely steady at q decline OF 40 refs and
Santos quiet and unchanged. There was a
strong disposition 10 take profits around the
10 level. and this checked the advance. Lead
ing roasters are believed to be in control Of a
large percentage OF local available stocks. and
were also buying futures. The cost and freight
market was firm, but the demand has fallen
of somewhat. while the interior Is still
cautious buyer OF spot coffee at the new range
Of values. Spot firm and unchanged at l4Isc
FOR Rio No I. Local contract prices:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-09-08
SUNDAYS NETWORK TRIBUNE


Mailed anywhere in the on'teo
States for 80 a year.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-09-08

The Durham y. e.. Power Company
capltalized AZ t75o.cno TO build an electric
light plant electric railway etc. In Dur
ham. is one ~ tho new Southern corpora
tong
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-09-08
PHILADELPHIA STOCKS.

.Interest 10 be added.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-09-08
STOCKS IN OTHER CITIES.
BOSTON STOCKS.

FURNISHED by Charles Head & Co. No. IL
Wall street,
LAND.
Daily independent. [volume] (Elko, Nev.) 188?-1915, 1912-02-23
HOW'S THIS

We offer One Hundred Dollars
Reward for any case of catarrh
that cannot be cured by Hall s
Catarrb Cure. f. j. HENEY &
co. Toledo, o.
We, the undersigned. have
known F. J. Cheney for the last
Is years, and believe him per-
fectly honorable in all business
transactions, and finanially able
10 carry out any obligations made
by his firm.
Waldings. Kinnan & Marvin,
Wholesale Druggits, Toledo, O.
Halls .Catarrh Cure is taken
internally, acting directly upon
the blood and mucus surface Of
the system. Testimonials sent
free. Price, 75c. per bottle. Sold
by all Druggists.
Take Halls Family Pills for con-
stipation.
Daily independent. [volume] (Elko, Nev.) 188?-1915, 1912-02-23

crease Of about SIS, 900 from the
ordinary receipts Of the General
Fund.
1t is conclusive from the fore.
going table that. on the basis of
the present receipts Of the General
Fund and after making due allow
ances for the biennial sessions Of
the Legislature and the variation
in expenditures the year of such
sessions with the alternate years
the General Fund must be in
creased by at least $4,000 per
year to balanc income with normal
disbursements. -.
Merely to borrow a sum suffi-
cient to tide over the present
emergency would but advance the
day of most serious reckoning
when the General Fund would be
depleted and the State would have
exhausted its constitutional bor-
rowing power. It is therefore
imperative that the Legislature
readjust the state tax rate
adequately to increase the receipts
of the General Fund.
The situation involves the choice
between two modes Of procedures:
One, to let the existing system of
taxation continue and increase
the state tax rate by Is cents,
applying the increase to the Gen.
sral Fund. The other to increase
the state tax rate by 10 cents for
the benefit of the General Fund
and. coupled with which, the Legis-
lature to provide for the crea ion of
State TAX Commission to readjus
and equalize property valuations
throughout the State; depending
on such commission to bring about
a substantial increase in the ag-
gregate value Of the taxable pro-
perry of the State through such
r eadjusttent and equalization.
need not more than call at
tention to the fact that taxation is
distinctly a business proposition,
and that the alignment of the
public for or against any existing
or proposed system of taxation is
not on political lines but very pro-
nouncedly accordingly as it affects
the pockethook of each citizen.
The last session of the Assem- bly,
showed no dividion on party lines
in the consideration of a proposed
taxation measure had it not been
for the lateness of the session
when the dill was finally perfected
by the House and transmitted TO
the Senate. SO that its considera-
tion for such reason as prevented,
1t is fair to assume that the
honorable Senate would un-
questionably have so treated it.
shall make no, effort to per-
shade any member of the Legisla-
ture as to what course he should
take in this matter. With this
presentation 1 sumbit the subject
to your honorable bodies in the
firm belief that you will be guided
by what you believe to be for the
best interests of the State.
In conclusion, 1 have only to
wish for and anticipate the same
patriotic cooperation by both
houses of the Legislature and all
political parties therein, with the
Executive, in solving the problems
presented. that so signally charac-
cterized the last extraordinary
session of your honorable bodies.
TASKER L. ODDIE.
Governor
Daily independent. [volume] (Elko, Nev.) 188?-1915, 1912-02-23
GOVERNORS MESSAGE

q Following is Governor Oddie's
message 10 the special session of
the legislature:
To the Honorable. the Senate
and the Assembly:
Pursuant to Section 9 of Article
5 Of the Constitution, have con-
vened your honor abe bodies in
extraordinary session. the purpose
of which is to enact suitable legis-
alton to relieve the following con-
dition in the fiscal affairs Of the
State, namely: That the General
Fund in the State Treasurer is ex-
hausted and that. to enable the
State to transact it's business on a
cash basis. provision rcust tie made
by the Legislature to borrow a
sum sufficient to meet the emer-
gency until such time as thu state
revenues can be adjusted to bal
ance expenditures.
The borrowing power Of the
State. in time of peace is limited,
under the constitution, to $780,
600. At the beginning Of the
present fiscal year cur outstanding
indebtedness, undar this fimita
tim, Was $4,000, witt cash in the
State Treasury afpl' cable 20 the
reduction thereof 20 {. net indebt-
edness of $51, 151.27, Or such
date there was available for
investment in the State School
Fund. 255,22O.27, 50 that the
State il effect will be able 70 Dor.
row from itself.
The fact that the State, in 1903,
1905 and 1907. to so back nc
farther in our history, exercised
its borrowing power 20 cover, in
advance, deficits in state revenue
over authorized expenditures.
leaves The present en- arEency by
no means anomalous in our fiscal
affairs. save that it was not pro.
Vided for in advance.
The failure to advance provision
for this depletion IF the General
Fund is not properly cha"Heable
against the Legislature or .-1yself
owing 10 the extreme difficulty OF
arriving at any clear understand.
ing of the financial Affairs of the
State from the :ime-honored
system of bookkeeping that has
obtained in our State Cove mn. emf
since it's beginning. Nor IN airy
State , ficiaI justly lanai !e for
not intro ducing inr,vstitns ir g
system that has always pre- 'aiIed
Nevertheless, ! am convinced that
the financial condition Of the State
should not be eft my stery which
must he worked out Oh the princi.
pie Of the solution of puzzle.
The following table show VS. the
net csSh balances in the State
Treasury at the beginning of each
of the last four fiscal scars:
January l, 1903. S749. G45 n
January l, 191O%.... 534,E42 II
January ], 1911..... 590,t 81
January /, 1912..... 491.P2 79
The total receipt; OF the State
Treasury during etcf Of tie past
three years were as fellows:
1909 ..............$t,0 82,254 I'd
1910 ............. 998,557 47
1911 ......... 994,892 %
The total expenditures as shows
by the public accounts are rs fol-
lows:
1909 .............$l,297,;58 40
1910 ............ ] 048,l 30 2G
1911 ........... l,092,&35 49
The total expenditures, as above
given. include bond purchases,
which are not properly en- e. pense
but al investment; and bond re-
Daily independent. [volume] (Elko, Nev.) 188?-1915, 1912-02-23
Obvious EXPLANATION.

Britishcr-The cabby said that the
fee | offered him was shy aboutkA
half What did he mean by "shy?"
Hubbite-He meant you had offered
him too modest sum.-Boston Tran.
script
Daily independent. [volume] (Elko, Nev.) 188?-1915, 1912-02-23
Deadlock

She seems so little to be sent to
school," said Mrs. Richmond. looking
yearningly at her dilninutive daugn-
ter. who was seated In a corner OF the
living room. disciplinIng. with great
earnestness and sterrness. her large
family Of dolls.
Il wouldn't send FER. then" said
Richmond, easily. "What difference
does 1t make whether she goes this
year or not?'
We'll, l don't want her to be be-
hind the children OF her own age.
said Mrs. Richmond, Essitatingly. But
she's such tiny thing! l feel as II II
would be deliberately giving my baby
over to the hands OF he destroyer.
You might teach her at home.
ventured Richmond.
His wffe's face frightened. so
might" she returned. and l do be-
Heve / will" Then she looked dubious
for a moment. But L don't know what
to teach her"
Teach her her letters" said Rich
mond. That was good enough for
you and me, and Two heard lots OF
people complain that their children
didn't know the alpha BET"
Il believe I'll try" said Mrs. Rich
mond.
Daily independent. [volume] (Elko, Nev.) 188?-1915, 1912-02-23
HIqh Art.

I'VE have nothing for 'front.',
piece this month"
Run blank page with a fiy.spee
near the top and label II the latep
aeroplane."
Daily independent. [volume] (Elko, Nev.) 188?-1915, 1912-02-23

Half an hour later Mrs. Richmond
went into Frances little room. A
sweetly smiling face looked I'D at her
from the bed.
Baby" she pleaded. please do as
mother wants you to Mother hates
to punish her baby. Ton me the righ,
name OF this letter"
She drew out the book and Ieid her
finger on the much discussed letter.
There was a breathle3s pause.
We'll, muvver," saiG a bored voice
deliberately, may it's an A for you
but guess I'll call II b."
II think I'll have to send Frances to
school after ALL" admitted Mrs Rich.
mond to Frances father that evening
after dinner. I'm afraid my method
Of imparting instruction is not SUI.
ficiently modern"
Daily independent. [volume] (Elko, Nev.) 188?-1915, 1912-02-23


distinct from the expense of the
State Government during any
given year. in the ordinary sense,
since it amounts to the liquidation
of an Indebtedness contracted ir
previous years. The expense of the
State Government, in the odd
numbered years, is markedly
increased over that of the alternate
years by the cost of the legislative
session and the fact that an excess
portion of the expenditures aris-
ing from special appropriations
has always occurred the legislative
year as compared with the fol.
10 wing year. Excluding bond
purchases and redemptiors anc
the cost of sessions of the legis-
lature. we have the following COM
parison of state expenditures dur
ing each of the past three years:
1909 ...............$ 995, 799.0e
l9lO ....... $50, 1875
1911 ............... 934, 740.64
From the foregoing it in clear
that the present deficit ia the
General Fund is not attributable
tc any abnormal increase in state
expenditures. On the contrary
they indicate that at the con.
clusion Of the present fiscal year
the expenditures of the two years
will possibly show some reduction
over the previous biennial period.
The receipts of the General
Fund during each of the past
three years are as follows:
1909. 451, 1894
19l0i. .............. 451, 463.95
1911 448,G39.2E
The figures for 1911 are mis-
leading in this respect, that during
the year the sum of $73, 945. 80
was transferred FROM the Prison
Building Fund to the General
Fund. which swelled the actual
receipts Of chat fund 10 that extent.
On the other hand. the receipts
from counties into the General
Fund the same year was less by
S5S.307 than in 1910. Approx
mately 100000 of this decrease is
due to the DETECTION of all poll tax
receipts to the counties, instead OF
one half coming to the State as
formerly. Other items Of de-
crease bring the falling off of re
ceipts by the General Fund in 1911
over former years to approx
mately SIS, 900.
The net cash balance in the
General Fund at the beginning Of
each of the past four fiscal years
was as follows.
January l, 1909. IS As, 082 20
January !. 1910,.... 241, 1913 Is
January 191l..... 175,O2O so
January 1912 (con-
structive) ........ 44,514 Is
There was an apparent overdraft
of the General Fund at the begin
ming Of the present fiscal year of
S20,305 az which arose from the
fact that on January /, 1912, a
total of $107.4 20 was still due
from delayed county settlements,
S64,8l9.58 Of which belonged to
the General Fund, thus leaving for
comparison purposes the construc-
tive net balance stated.
1t is clear from the foregoing
that the reduction. in 1909, Of that
portion Of the state tax rate which
goes into the General Fund, from
AZ cents to 1916 cents, on each
hundred dollars valuation Of
table property. together with tn e
detection Of all poll-tax receipts
to the counties. is responsible for
the existing deficit. Moreover.
that had there not been a surplus
in the General Fund at the begin.
ming of 1909, the deficit would
possibly have occurred two years
sooner. A comparison ny years
Of the warrants drawn against the
General Fund with the receipts of
the General Fund for yparh shows
Daily independent. [volume] (Elko, Nev.) 188?-1915, 1912-02-23

Land Of Few Hotels.
Except on he coast there are no
inns or hotels in Morocco.
Daily independent. [volume] (Elko, Nev.) 188?-1915, 1912-02-23

The total expenditures, as above
given, include bond purchases,
which are not properly en- e. pense
but an investment; and bond re-
Daily independent. [volume] (Elko, Nev.) 188?-1915, 1912-02-23

Say, small girl" he said from the
height of his % years, don't forget
that I'm going today and want my Din
back that you borrowed. You see.
there's lady back east that I've given
that pin to-sho's going to be Mrs.
Arthur some day. She Just loaned me
the pin to wear on this trip! Thanks!"
Fastening on the pin, which Elsie
had torn from her dress feyerishIy. Ar.
thur went whistling into the house.
Daily independent. [volume] (Elko, Nev.) 188?-1915, 1912-02-23


We'll, that letter Is named -" said
Mrs. Richmond Now, here's one
with two funny little fat balloons
stuck on a stick. Ths name of that
one Is B."
rs it?" Frances inquired with per-
functory politness. 81 guess | don't
like to read very well" she explained
courteously, as she made a tentative
effort to get down from her mothers
lap.
But you'll have to- learn, dearie,"
said Mrs. Richmond patiently. Now,
tell mother what this letter with the
two legs is"
Frances put fat toretinger on the
letter.
Wen call that B." she said sweet
ly. Now, can go. nuvver?"
mo. lambkin," said her mother
firmly. That's A. Sue how funny It
looks with the two s,anting legs and
the little piece between them. Now.
what's its name?"
Frances heaved a deep sigh II
guess We'll call 1t B." she said, with
gentle firmness.
But it's A. precious" insisted her
mother
rs it?" inquired Frances. II think
I'll call It b."
Now, Frances" said her mother
sternly, you know that letter is A.
and you must say it.
There was no reply. Frances was
observing a sparrow shaking itself on
the window ledge
Frances" her mother said. tell
mother what that letter It,"
"Oh, mother" Frances cried Joyous
ly, did you see that sparrow picking
his tooth with its feather?"
Mrs. Richmond set her small daugh.
ter down on the floor. Now, Fran.
ces." she said, tell me the name of
that letter or I'll put you to bed"
Frances looked up at the ceiling
and crossed her fat lands on her ne.
tie stomach. We'll call It b." she
said finally.