davidaulloa/AmericanStories huggingface dataset:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-03-06
Against Compulsory Arbitration.

In commenting on the compulsory arbi
tration Of disputes between railroads and
their employees and other important ques-
tions, the report says:
Compulsory arbitration, OF course,
means that the railroads must submit the
question Of compensation and conditions
Of service of all employees to a commits
sion having no interest in or response
bility for the financial result OF the oper-
ations of the properties. For the enl-
ploye It involves the surrender to some
extent Of his liberty of action in deciding
whether the wage he receives and the
conditions under which he works are sat
isfactory or not.
THE proposition is not an attractive one
for either the employer or the employe.
but it is doubtful II in the long run IL
will not be better for both than the con-
ditons which may arise without some
such arrangement for settling contro
versies. Whether by a permanent COM
mission or by med alton or arbitration
provided in each case as il arises, there
can be little doubt that future contro-
verses between the railroads and their
employees regarding compensation, condi-
tons Of service. etc, will be settled By
some form Of arbitration.
1t is TO be feared that the results OF
this will be a gradual increase in COM
pensation Of railroad employees. What
this increase has been during the last
seven years is shown by the following
figures In 1905 the gross earnings Of the
New York Central road were ss6.ot6.692.
OF this amount. es.57o. PIP or 42.i7 per cent.
was paid in wages. In 1912 gross earnings
were slJil9.O9o. OF which amount Si,-
1851. or 1856 per cent was paid in
I wages.
Making due allowance for the add
tonal force in service. this company paid
its employees in 1912 $4,000 more than II
the rates of pay OF 1906 had been in effect.
This increased payment on account OF
the higher level of wages was equivalent
TO 4.27 per cent on the outstanding stock
Of the company.
For the year ended December 81. 1872
the New York central handled the largest
volume OF traffic. both passenger and
freight. in its history. The year was
singuarly favorable for handling the
ualties Of serious or unusually eXpen-
sive character.
During the period covered By this re-
port every detail OF operation has been
watched constantly and intelligently. and
no expense incurred not absolutely nee
essary 10 maintain the property In that
high state Of efficiency necessary TO rem
der safe and satisfactory service TO the
public
Notwithstanding the favorable condi-
lions under which the business was con-
Quoted and the large gross earnings. the
road earned 5 per cent on its stock, with
a surplus OF only s2,74S372 sj-or about IA
per cent on stock-a slender margin from
which to provide against less favorable
years and to put something back into the
property from earnings, which should, II
possible be done every year.
In the light OF conditions present and
Immediately prospective 1t does not seem
that an application to the Interstate Com
merce Commission for permission 10 make
some increase III freight rates can De
long deferred"
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-03-06
NEVADA QUOTATIONS.
TONOPA IIS

FURNISHED daily by Weir BROS q CO.. NO a
" Broad street,
March 3. 1919.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-03-06

According to reports. Illion, fIerkimer
County. y. Y. will hold an election In the
near future 10 decide on the issuance of
the $4,000 electric light plant improve
mcnt bonds.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-03-06

The Esperanto. Ltd, crushed 55i2 tons
OF ore and 9.oH tons OF tailings were
treated in January, and the yield was
so7, $50, of which s26597 was net profit.
The Fl Favor Company. OF Mexico.
shipped $50 tons of high grade ore In De-
ccmber to the Aguascalicntes smclter,
which Yielded "A net profit OF $3.50 pesos.
Two hundred and siXty-three bars. con-
tanning COS S97 ounces OF silver and valued
at approximately SlS1. 500. left Cobalt for
England a few days ago. This is the
largest single shipment of bullion ever
made in the Dominion OF Canada.
During January The Tonopah Mining
Company produced l4.720 tons of copper;
Belmont. l2,5l7 tons; Montana Tonopah,
1887 tons: Tonopah Extension. 4iel tons;
MacNamara, l,Ji9 tons: Jim Butler. LOST
tons Tonopah Merger. 49, tons; Midway.
200 tons, and North Star l15 tons. making
the gross milling value $sO,ls2. Compar-
ing the production with December of 1912
there was a decrease of l79 tons.
The order of the Public Service Com
mission authorizing the Long Acre Elec-
trio Light and Power Company to issue
g. 900. 900 stock and 100000 bonds. and APP
proving the construction Of an electric
plant under a certificate OF necessity and
convenience sent Manhattan Transit Com
ranv up from 81 to s. 80 on the curb yes
terday. with about 5000 shares changing
hands. The Manhattan Transit Company
owns "A controlling interest in the Long
Acre Electric Light and Power Company.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-03-06
. American Cities Company.

The statement of the American Cities
Company for the year ended December 81,
1912. the first year OF the company's ex-
istence, shows dividends on securities
owned S,s32.336. Total receipts were ST.
ssl 5ss. and the surplus after expenses, in
terest AMI dividend of 6 per cent on the
preferred stock was $93. 2sa. which Is equal
10 0.57 per cent on the SIC. 200 common
stock outstanding. The income statement
Of the combined constituent companies for
the twelve months ended December 81,
1912, shows gross earnings from all
sources of 81. 6s,96l an increase Of s621. ~.
and net earnings after expenses were 49,
500 $50, an increase Of t37l.18. The amount
apple able for dividends was s2.53l.549 as
compared with s2.32i,ols an increase Of
s2lo,53l over 1911.
Irving i. Bonbright and James Mitchell.
Of New York. and W. W. Freeman. Of
Birmingham. Ala, We're elected as new
members Of the board Of directors Of the
American cities Company at their annual
meeting.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-03-06
A Fair Show Wanted.

Under the title of wall Street and tie
New Administration" Tate Hays. in
their market Letter. ask for a fair show
for the Democrats a. follows:
This new administration knows that II
IL on trial and that its very life depends
upon sane conduct Of business affairs. II
will not commit suicide by radical attacks
upon legitimate business. Moreover, any
radical measure should one be introduced.
passes through four s.ages-thc House. the
Senate. the President and the United
states Supreme Court. Here are the wise
checks OF the Constitution upon hasty ac-
ton. and so far they have proved ade-
quate. Is il not possible that the new ad-
ministration will quiet that widespread
unrest which has been "a menace 10 some
Of our institutions Let rs give the new
administration an opportunity to prove
its integrity and wisdom. and, further
more. is there anything in the career Of
the new President as Governor Of New
Jersey 10 which reasonable exception can
be taken by an unbiased Wall street
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-03-06
PITTSBURGH STOCKS.
BALTIMORE STOCKS.

FURNISHED by Mddendorf. williams 90, go; var nS
" p, 'pIne street. New York. and NO l2s East
1;srman street. BaltmoreD
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-03-06

furnished BY Charles d. Barney { CO.. NO. !,
Broad street. New York. anu No L. Sou''
~ .,rect phiiadephia)
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-03-06

Harris. Forbes a. Co. and a syndicate
composed OF the Harris Trust and Saw
ings Bank, Of Chicago. y. W. IIalsey &
Co. and f.. H. Rollins a Sons were the
successful bidders for the 10000 . per
cent bonds offered by the city Of San
Francisco. The bonds, II Is said, will be
offered by this syndicate In the near fut-
ure.
Franklin Burton. Mayor OF Ansona.
New Haven County. Conn. will receive
proposals until p. m. March ~, FOR the
500 600 Al per cent gold coupon bridge
bonds. denomination $1,000, dated April l..
1918. and due April ]. 1894.
II is stated that on February q the
Central National Bank. Of Lynn. nego-
tated a temporary loan OF s95o.Oo0 with
Salem, Essex County, Mass
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-03-06
Iona Beach Consolidated Gas Company

The Long Beach Consolidated Gas Com
pany. which Is owned by the Southern Cal
ifornia Edison Company. reports for the
year ended December 81 aggregate assets
Of S,326.545 OF which Sl.279,l4S is repre-
scented In cost Of plant and equipment.
The company has common stock of So15-
800. preferred stock Of $500 and funded
debt Of $500. with a surplus of ssl9i and
bill naVablc OF AlO19t3.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-03-06
CURB ECHOES.

The Esperanza. Ltd. crushed 5.542 tons
OF ore and 9.oH tons OF tailings were
treated in January, and the yield was
slo7, 800. OF which s26 .597 was net profit.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-03-06
brief NOTES OF FINANCE
Paragraphs of Current Interest
for the Investor.

Among the last orders issued by SecTe-
tary Of the Treasury MacVeagh was that
the daily customs receipts at the Port OF
New York are TO be deposited in three
national banks in this city. The banks
selected are the National City. the Chase
National and the National Bank Of Com
merce. among which the daily receipts
will be divided. The significance Of this
ruling may be gained from the fact that
at the local Sub-Treasury. where customs
receipts were formerly deposited, an aver
age of about sl.000,00o daily was re-
corded.
Anaconda Production.
In an interview quoted by a downtown
news service Il. +. Thayer. president OF
the Ana conda company. gives some en-
couraging information about the Butte
camp. which he says Is experiencing good
times and looks much like the old days.
He refers to the output of Anaconda, as
follows:
For several months the production oil
the company's mines has been consider
ably below normal. In January the com
pany turned out roughly 2l,c0CD pounds
of copper. In February. though the pro-
duction was somewhat higher. being APP
proXimately 21.250.O00 pounds. il was
comparatively low. owing to the twenty
ght-day month. For several months op-
erations at the companys mines have
been greatly handicapped. owing to the
severe winter weather which existed
throughout the Northwest. In addition to
the heavy SHOWS. which caused congestion
in transportation. the extremely low tenn
perature Of often 10 degrees below zero
made the handling Of ore above ground
extremely dificuE''
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-03-06

Gross operating revenue of the New
York Railways Company for January was
81. l60. Sl2 an increase of S0lB. Operating
expenses were S56s.iii. n decrease OF 81. 100
as compared with January o: 1912. Net
operating revenue was $i92,3 6S. as COM
pared with $751; ll5 for January of last
year. an increase of slo>, 253. The net in
come after all charges was Sli?.15?. as
compared with $S.512 for January OF 1872,
an increase Of SlOl ,ls1.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-03-06
uIlAOELPNIA STOCKS.

.Intercst to be aided.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-03-06
Consolidated Exchange Protests.

The committee on legislation OF the Con-
solidated Stock Exchange, composed OIL
W. L. g Webster o. d. Budd, f. "A.
Farnsworth. c. c. Perpall, T.. c. Adams
jr.. and NJ. T. de Aguero. yesterday male
the following statement:
"A tax levied upon the purchase or sale
OF stocks Is on inequitable. burdensome
and onerous tax, inasmuch as IL bears
heavily upon a limited number OF indi-
vduals instead OF being distributed
equally among all citizens Any tax that
imposes a burden of from $500 10 soo"o
year on certain individuals, and allows
millions OF their fellow citizens TO go free.
is manifestly unfair and a monstrous
wrong.
The room trader is an essential part OF
the membership Of any exchange lie
makes the markets. Eliminate the room
trader and the fluctuations would be so
wide that the investor or seller OF stock
would suffer serious loss. The room
trader is the balance wheel OF the mar
ket: without him the execution OF COM
mission orders would be impossible eX-
cept al great sacrifice. Room traders are
taxed from 5000 TO 5000 year and 800
men pay about 70 per cent Of this tax
This tax is abhorrent to all sense of
justice; IL is contrary TO the spirit OF the
Constitution i'm that il is class legislation.
Never in all history, save In time OF war,
has such an unjust and inequitable tax
been imposed Fair minded men VIII ad-
NIT that there is no more reason for Il
tax on sales Of stock than upon sales OF
anything else. II is cumulative TAXATION
The same certificate may be taxed ten
times a day. and thereby pay tax from
~ 10 100 per cent II the business OF
trading in stocks is unlawful. prohibit II.
II II is lawful. those engaged In the bust
ness are entitled TO the same considera-
ton that is accorded other businesses.
we do not ask that the law remain as
II is, but that the present law be repealed
and general law of taxation, fair TO all
citizens be adopted. II the state needs
money enact general tax law. requiring
every man who is in business for his own
account. including lawyers and doctors,
to pay tax of so n year This amount
would not be burGensome to anybody. and
the total receipts would be in excess Of
ssGaVs"
The special committee OF the Stock En-
change appointed by President Mabon 10
prepare arguments against the tax In
crease nold another conference yesterday.
but no statement vas given out except
That progress had been made The Albany
hearing will be next Wednesday.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-03-06

Several hundred clerks of Stock En-
change houses held a mass meeting yes
terday afternoon at No e Broadway. TO
protest against the proposed increase in
the stock transfer tax from s. TO 81. The
meeting was called for the express pur-
pose of distributing literature prepared
by the committee headed by J. T. Byrne,
of Zeane. Zayas & Potts. 10 be sent to
all the state Senators ard Assembiymen.
and to appoint committee 10 attend the
hearing i'm Albany next week when the
special committee OF the exchange and
downtown real estate men will offer their
arguments against the enactment OF the
proposed law.
From the tenor Of the letters to be sent
to the legislators il is evident that Wall
Street clerks fear loss OF employment If
the transfer bill becomes a law. One of
the letters reads IN part as follows:
The imposition Of the 81 tax on sales
of stock has reduced the business in the
New York Stock Exchange to minimum.
and if the proposition 10 double that tax
is carried cut feel my position will be
in jeopardy and my wife and children
as well as myself will be sufferers, to-
rether with thousands of others. to say
nothing of the volume OF business being
so reduced that the increase Will fail OF
,,s f,iirpoSe"
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-03-06
To Eliminate Provision.

Il is the latter provision TO which OBJ:
lection was made to-day by the Produce
Exchange representatives. and which Sen
ator Stlwell announced probably would
be eliminated.
Members OF the New York Stock Ex-
change have protested strongly against
this feature Of the StilwelNblll. as we'll as
against the increase of the stock transfer
tax from s. 10 81.
The McDowell times. [volume] (Keystone, W. Va.) 1904-1941, 1913-08-01
Napier Resigns as
u. S. Register
Refused to lin Crow" His Office
as Ordered by Treasury
Heads.

Washington, ID. G.. July Becan-..
tl's Treasury Department instruct.d hin,
L" iss'~ an order calling Tor the u-e If
'parate-toilets 10y his white and col.r,.l
clerks, james &. Napier has rendered hi-
Resignation a. Register OF tire Treasury.
Mr. Napier resigned A. register Last
week, immediately after the Trrs-,,4y
Department oriered him H. intr.rin,,
Jim Grow methods in his ofiic- hu,
Il ~as only the first OF this week that i,
bs-rane generally known he had given
n"tice that he no longer desired To- hold
"fii"e under tie Democratic adn,ini-tra-
ton.
f"r possessing too much ,.lf-rs--l-rt IN
submit Q" the order To- intr,Siucr Jim
Grow methods in LAS orii,,.. Mr.. Napier
l. rrs'rising the congratulations Of score
II atmIrer~. There j. no one ia public
late "h" J. m"rr of gentleman than
i;',''-i'r \apisr. lie discs not talk and
The McDowell times. [volume] (Keystone, W. Va.) 1904-1941, 1913-08-01

There were thOnsand psisons unds,
the stand. and the preacher Va diseour.
sing On the h"rrrs OF he'll fire when the
blazing 2uii charged. Many Of the con-
zregation. under The spell OF the preach
~rss description OF he'll. th"uxht the bull
~a- the devil himself and trampled one
another i'm the rush T. .-.-a.e.
over - persons were injured. but none
fatally. ;" frightene.l were the p.enpl.
that even after the appearance Of the ifs
n'ing bull was explained they refused In
return To the camp meeting.
The bull had been on toe range and
rub'ed his heal against turIentine boxes
until Il Ma co,sred with tar. hen The
bulls Snd COWS were driven home there
"a a tn' 'n the Pm. The bull charged
tii' mr. and his tarr.-i head wss iyn.ted
In agony the blazing animal dashed away
and changed the camp meeting.
The McDowell times. [volume] (Keystone, W. Va.) 1904-1941, 1913-08-01

ed IN the w. "kIy News. We do
lot imp"s" uI.On our many Iowa
reader: our hunt - for big game
and not f"r rabbits and ground
squirrels L. - on out of cour
tc>y for hose. " h." wrote W. that
=" ~ rat" ihi~ We hope thai
tiins. aud experience. will ran-.
the sr'>Llr In the hack ct ih
Weekly News in bccnu.. BON ard
IT. Knees Ia >t,ff-n in order thai
IT may stand upright AMI firm.
that the presence IF " bite mai
will not make its hand w. auto
ia atlcally To iL- LITTLE bone hea a
and that it will yet become worth
the pOper upon which it is print
ed. We pity and svmpathize
with IL and beg the public To be
charitable and remember that
newspapers personify men, some
are weak, some strong, some in
llerit courage, some are oorn
towards, some will sell their
birthrights for a mess of Dottage:
Others starve rather than barter
their manhood. Some will cringe
and treuble at the presence Of a
storm cloud, others will catch
the III gag tightening i'm a bottle.
nut while there is life there is
hope even for the Weekly News
The McDowell times. [volume] (Keystone, W. Va.) 1904-1941, 1913-08-01

~riss % triheh about manhood rish,.. -
osiissing that actions syesk louder than
words"
When Mr.. Napier received word over
the telephone from the Treasury Depart
ment To instruct his colored aud white
clerks 10 49, separate tsiiets he imneii-
ateiy went Ia 49, Secretary OF the Treas
my MeAdoo- He ~as informed that Mr..
MeAdoo Mas ont Of the city. hat was
gwen an sndisnc,. 10y Assistant Secretary
John SHELTON Williams
Napier attempted To show the a. st.
ant --seretary Why tLsre should Lee no
Jim Growing in his ofiioe. hut A.
Williams comes from Virginis he refused
10 re>cind the order
Upon finding that he would have. to H..
At the head Of a department wh@r.. Ne
groes were Jim Crowed Mr.. Napier ten
dered his resignation.
The McDowell times. [volume] (Keystone, W. Va.) 1904-1941, 1913-08-01
WILSON APPOINTS HeGRO.

TTesiueht wilson mas appoint
VI HTula r. PATTERSON OF Okla-
i"iha I'D the po~ition OF Register
VI 'i'e treasury, vice j. 4. Ma
pier resigned
Mr. PATTERSON Is a lawyer OF
a"''i'y All" II SUCCESSFUL bnsi
ness ina'.. IT'S record IL clean,
yet southern DrmWrat'c Con
g'eSSiheh are ao'nt Ia run -
'""'" over the appointment ~
- y ''''l lha1 >'VrrA' h"'m~rAt
" '""A1'r~ VIII y IT, aHain~' ''''
The McDowell times. [volume] (Keystone, W. Va.) 1904-1941, 1913-08-01
HIS OWN SAVIOR

The American Negro l. las own savior
as lar a. ms mater Al we'll being j. con-
oerned. Neither politicians. preachers
nor enthusiastic white friends can do for
hin what lac can do for himself.
III he has due regard Tor his citizenship
rights. his voting franch ~ and hi gene
raj integrity he will make h- way ;pother-
wise failure il inev liable.
lie cannos deal carels-sSly with his vot..
Tor the ballot L. the strongest weapon
with which any man Vas ever arsn...i.
A wise, cautious, intelligent uss. 81 the
franchise, vote for principles rather
than Tor men, l. always sun t. win.
The vote that i utilized for bart.,r. -al..
Pe'uniary profit, Is vote that does NOT
count for much, but, on the contrary. j.
nn"re damaging Ia the man Who ha- IL
than any other oi his possessions. In il,
encouraging L. not that integrity and
nanlins-- In ihs. liz. of the ballot ar,. an
tiir inrrea~'- AMONG ..ur I%-ople Ia thi-
NAY they srs making their calling and
e''rii"n -'Irr VIII L. IA. majority ct tl,.,,
arr It'll loyal ." tl,r Republican Party
there H. nevertheless q -nfli..i.nt l,,i-,.,,
oi the ."t. &" ,l,iii,i.,trsi.. Tia. fa.t nnr
People arr faithful -tpl4,t. If ,.,,u. ,,,i,.-
and that they are maki.s a ~,-t..u,,t,r
and l'hil'~~'I'h.,' study oi tn. Problems
oil y'-"rnn~nt Ihs-ir contemplation fr.m
the iii- thrt nov afii,.t them si..t.-nd- ,n
the largest measure nlA.n tls.. manner i'm
whlrh they .s'ntinu.. o. Investigate. ,n..,-
sures and deal with pr,s.-nt day prob
letls on an Intelligent l,a-i-. Let the.
N~gr" adjust himself I" every pnas. of
political life Instead of stating ont of
politics a. some aivi~e. let him ,,.t I'M
on tile right le and tight nanfully with
the fOrce~ that ieli.-v,. in Justice. il..rtv
and the stricksst enforcenn. M Of tI.e law
The Nrgros-- have Everything t. i.s.. hy
comProml~s-- with lswls-snsss and -np-
port OF worthless ohirials. They have
everything To- allying tl,rn~.-l,.~ with the.
i"rc'~ That stand for proper ol,se. vance
"i law aud Tor fairness and Justice in the.
methods Of electing public Officials.
hrm stand f"r the right. all tia. time.
e,ery~i here ami un'irr all circumstance
Il certain guarantee. that tll, day of TIL
nnPh Will come L. th.. Negro: that h..
VIII come into las OWL and hli I'm ,,lare
properly IA the great boiy oi American
citizenship.
The McDowell times. [volume] (Keystone, W. Va.) 1904-1941, 1913-08-01
GET TIE TEMPER

: a. g. RiHd~-. II Mns
county. TN fourth "f the : .l,n
indicted Tor bribery 90 conn q
ton With the .enatorial conte q
bcf,re III last session Of tie lrg
islature has been convicted.
There are three n"re ~ H. tired
and il j. highly probable thai
each will suffer the same fate Of
the others before a jury Of their
peers. These men were in posi-
tions Of responsibility and OF
honor and prOstituted their Office
for gain. The opportunity was
theirs ~ serve the people vel
but the people were betrayed.
There - nothing " gloat over,
they were weak and fell, nov they
must paw the penalty. But the
sufferers are the wives.
children and mothers Of these