davidaulloa/AmericanStories huggingface dataset:
The Birmingham age-herald., 1913-02-09
DECREASE SHOWN
IN BANK STATEMENT
Changing Tendency in the
Money Situation Over
shadows Developments

New York, February s.-The changing
tendency in the money situation as re-
vealed in the bank statement overshad-
owed other developments of the day in
the financial world. A loss of nearly
s1,oO0o0o cash was shown in the actual
items and q decrease of Sz,Se7,0oo in ex-
cess cash reserve. Preliminary estimates
based on known movements Of currency
suggested a small loss of perhaps s2,oO0,0Oo.
A poor statement had been expected,
largely ON account Of the continued drain
of gold through exports to France and
Argentina. but the Unexpectedly heavy
cash loss indicated that SOME other in
.fuence was at work.
Bankers explained this condition with
the statement that there was a renewed
demand for funds from the interior, par
ticularly the southwest districts.
Some shipments to the interior last
week, it was said. did not appear in
the preceding bank statement. The loss
shown today reflected in reality the in
creased calls for funds by the interior
during the last fortnight. Call money
rates remain on the easy basis of the
last few weeks. Although time money
quotations have not changed materially.
there is an appreciably firmer tone and
funds are no longer pressed on the mar
ket. Bankers said that in view of the
renewed demand from the interior and
the financial situation abroad the outlook
was for a contraction of credit. The ex-
port movement has taken $23, 100000 this
gear with the probability of further
drain being located soon. Foreign ex-
change rates continue slightly higher,
while the inquiry showed increased inn
petus. In the stock market, trading was
virtually with no feature. Amalgamated
Copper, which rose / point, was the only
one of the speculative favorites to move
more than fractionally above or below
yesterdays close. Trading fell to the
minimum of the year and the general
movement was insignificant. The under
tone was firm throughout the session and
such changes as occurred were consid-
erably upward. Some of the less active
issues moved more widely than the lead
ers. Canadian Pacific gained points
and Rubber was advanced a point to
above 63, a new high record. Bonds were
irregular. Total sales, par value, 81, $780,
900. Panama 3s and United States As
coupon advanced ss per cent ON call on
the week.
The Birmingham age-herald., 1913-02-09
What's "Timev to Congressman?

From the Cleveland Plain Dealer
TO his opponents during tho recent
national campaign Woodrow Wilson
was "Dr." or prof" Friends called
him "Mrr or Gov" In Europe the
professional title is used as mark OF
respect; in this country 1t often falls
to the level OF an intentional slight
unfortunate as the fact is.
It is perhaps significant that the Pres
ident-elect himself now confesses thai
he likes the plain American "Mr" bet
ter that any other Of the numerous IT,
ties given him. It bespeaks tho democ-
theory of president-malsing. We choose
a nero mfr" to act as chief executive
for a term or two at the end OF which
he becomes n mere Mr." once more.
No other prefix need be desired by any
one.
Representative Townsend, a democrat
from Mr.. wilson's own state. suggests,
however that even the good American
'Mr." may sometimes be omitted with
profit. He argues that il the house clerks
were to stop using the title on railroads
calling Smith Smith instead OF Mr.. Smith.
for instance, vast amount of time would
be saved Congress and the country--time
which would be more profitably employed
In the conduct of business.
The Townsend suggestion sounds SEN
sible If one were sure that Congress
would make good use of the time saved
there might be a general Endorsement
Sometimes, though. ii seems as If the
House were doing It's best work when
listening quietly to the droning of 35C
"Misters."
The Birmingham age-herald., 1913-02-09
New Orleans Cotton Futures

New orleans. February s.--Cotton flu
lures opened steady at an advance of
to points on good cables and a poor
weather map. Private advices declared
that the continent was buying In Liy-
crDool, and that offerings were not large,
which was taken TO mean that the polit-
cal situation in Europe was somewhat
rs:ore encouraging.
kilograms from the cotton belt COM
plafned that too much rain and cold
weather were interfering with farm work
The market had little life. AZ the end Of
the first half hour Of business prices
we're g to points up.
The Birmingham age-herald., 1913-02-09
Hubbard Bros. & Co.'S Letter

New York, February S.-(Special)-
Europe continues to be influenced by
the movement of both the American
and East Indian crops and by the trade
demand for goods that there is nc
speculation in evidence in the attitude
OF the trade against an advance in the
market, they do not see the buyers who
usually appear to bring about an ad-
vance.
Cotton has advanced all the season
on demand from trade sources and the
trade have only found 1t out after an
advance.
Our market opened steady at slight
advance after a slight recession closes
steady about points advance
We continue to look for slow i'm
proVement.
The Birmingham age-herald., 1913-02-09
Coffee Market

New York, February S.--Coffee futures
opened steady at an advance of to s
points on covering after the big break of
yesterday and some little local buying
European cables, however. were no bet
ter than due while some of the cost and
freight offers were said TO be shade
lower and the market reacted a point or
two during the morning. under little
realizing and scattered liquidation.~ The
close was steady l to points net higher
Sales, 40,250; February, 12.90c; March,
1866; April, 1324c; May, 1880; June.
1S sc; july 13. 42c; August 49, 45c; Septem-
ber. 1s sc; october. 13.loc: November,
1s33c; December. 1S.2sc; January, 1s2Gc.
Spot quiet, Rio Is 1SiAlp15ssc; Santos IS
15ikc; mild dull; Cordova, 15s4@1Sc noml-
nal; Havre, 9sf lower; Hamburg, 1snSA
pig. to q pig. lower; fsio and Santos
unchanged. Brazilian port receipts, 49,
600 against 5000 last year. Jundiahy re-
ceipts GOO against 1900 last year. Santos
cables reported IS inactive. Sac Paulo
receipts 600 against 5000 Friday.
The Birmingham age-herald., 1913-02-09
Bankrupt

From The Popular Magazine
When newspaper man of New Orleans
was preparing to leave that city IN order
to take position in New York. tailor
named Eisenstein overwhelmed him with
offers of new suits of clothes Mt unusu-
ally low prices. The writer finally took
the clothes, put them on. and set out for
New York, carefully neglecting to pay
Mr.. Eisenstein any money at all.
few months later he received this
communication from the tailor:
Dear Sir-On looking over my books.
find that you are indebted TO me In the
sum of $50. Kindly remit same At your
earliest convenience. Very truly yours,
SAMUEL EISEISTE Elm"
Hurting himself upon his trusty type
writer. the newspaper man wrote the fol-
lowing gem:
Dear Mr.. Eisenstein-Inciosed find my
check for s100 II you can get 1t cashed
kindly remit the other s50.'
The Birmingham age-herald., 1913-02-09
Interior COTTON Movement

Houston: Steady; middling, 121sc; net
receipts. 4515; gross receipts, 4515; ship
ments, 600: sales, "a: stock. 144.7s7.
Augusta: Steady; middling, Il 13-16c; nel
receipts, 310 gross receipts. 423; ship
ments, 655; sales, 10l0 stock, s9.s05.
Memphis: Quiet; middlng. 129lc: net re-
oeipts, 1916; gross receipts, 1910; shipments,
1892; sales. 2lo0; stock, 150,355.
ST. Louis: Quiet; mlddllng, 12hc; net
receipts 69 gross receipts 237O; shipments
2g70; sales, 120: stock, 1852.
Clncinnau: Net receipts. 369; gross re-
eeipts, 369: shipments 1015; sales, 400;
stock, 27,6l4.
Little Rock: quiet: middling. y 7-1Ge;
net receipts. 12G; gross receipts, 1875; ship
ments. 7s7; stock. 39.9S7.
Total today: Net receipts. CLOS; gross
receipts. 1898; shipments, 1el69 sales,
3t63: stock, iS0190
The Birmingham age-herald., 1913-02-09
Fruits and Produce

Apples, fancy winesap s475Q5 per bbl:;
York and Imperial apples, $37J bbi.
Florida oranges. s2.75aS per box; Califor-
mia lemons $3.50 per box; grape fruit.
81. 751i3 per box; tangerines, $3.50 per box
Concord grapes, lie per pound; California
CEmperorj grapes. $50 per box; Malaga
cranes. in kegs, s5.501F7. Cranberries, 81 10
box. per barrel SO. Italian chestnuts.
1oc per poand. Lines, 81 per hundred.
irish potatoes S9GS5e bu. Onions, red
globe, 1s.c per lb. Danish cabbage. 1isc
ner Ib. California celery 9oc per dozen,
81 per crate Rutabagas, 1isc per pound
Lettuce, s15002.50 per crate.
The Birmingham age-herald., 1913-02-09
Live Stock Market

Kansas City, February s.-.Cattlc--Re-
eeipts, 1900, including 900 southern; day
prices unchanged.
Hogs-Recepts, 1850; higher; bulk OF
sales, 81. 7.65Gp7 49, heavy, s7.6oGp7.7Q; pack
ers and butchers, s7.7og7.s0; light, l.soQ
7.S0; pigs. $6.25@5.25.
No sheep.
st. Louis, February S--Cattle--Receipts
500. including 400 Texans: choice TO fine
steers. IS. .5ona: good to choice steers, $40
20: dressed and butcher steers. so.15gp
:: stockers, s5. 25Gg7.25 Texas and Okla
toma steers. 50. 25a7.2o do. cows and
heifers, $3.75a6.5o.
Hogs-Reccipts. 1890; Zoe higher; pigs
and lights, Sc 65oetS 10; mixed and butch
crs. 81. .99as. is; good heavy, s7e5as1 10.
Sheep-Receipts. 800; steady; muttons,
=. 70; yearlings, s3GR7 so; lambs. s@S.60.
Chicago February --Cattle-Receipts,
400; steady: beeves. S6.5oas.9o; Texas
steers. "a 9oll5 70: stockers. 81. i.30qs 90;
cows and heifers, ss0e7. 10; calves, $1,000
1o.25. -
Hogs-Receipts. l4,60o; firm; light. $3.50
s.l5: mixed. s7.s0ds Is; heavy, 81. e5@9. .12lz ;
rough. 81 e5d57 so; pigs, So. 65egi 80; bulk OF
sales, sSa6.15.
sncep-Rcccpts. 200; steady: native.
The Birmingham age-herald., 1913-02-09
Iiyernool Cotton Market

Liverpool. February S.-SDot cotton
quiet; prices unchanged; American mid
cling fair. 7.50d; good middling, 7.16d;
fniddling, 694d; low middling. G.75d; good
ordinary, 6. SD; ordinary 6.02d. The sales
Of the day we're 1909 bales. of which 800
were for speculation aud export and iu-
eluded 500 American. Receipts, 200
bales, no American. Futures opened
quiet and closed quiet and steady Feb
ruary, Sod; Febfuary-March, 6.tSd !;
Nsrch-April. e.fsd; April-May 6c6,sd ;
Msy-June. G. Gsd; June-July. G.eslsd; July
The Birmingham age-herald., 1913-02-09
st. Louis Produce

hay steady; timothy s1250@17, prairie
s11@14; whisky s1.4o: iron cotton ties
94c. bagging 9Mc. hemp twlne Sc; pork
higher iobbing s17.25 lard higher
prime steam $10.17 q % 10.271a; dry salt
meats and bacon unchanged. Receipts;
Flour 5000, wheat $4,000, corn 10000,
oats 10000. Shipments: Flour 6000,
wheat $4,000, corn 1000, oats 10000.
The Birmingham age-herald., 1913-02-09
New York Money

New York, February S.-Money on
call nominal; no loans: time loans
steady; 60 days. 4 per cent; 80 days, A "a
per cent; six months, ~ @4la per cent.
Prime mercantile paper, 4 n q ) per cent.
Sterling exchange firm, with actual bus
mess in bankers bills at s4.S6 for 60
days and for demand $3.50. Commercial
bills, s4S3H Bar silver, 6214 c; Mexican
dollars, 4S1ac. Government bonds easy;
railroad bonds steady.
The Birmingham age-herald., 1913-02-09
New Orleans Cotton Market

New Orleans, February S.-Cotton. spot
steady; middling 12 9-1Gc, unchanged.
Sales spot, 800 bales; TO arrive, none
low ordinary, 93-16c nominal; ordinary
10c nominal good ordinary, n5sc; strict
good ordinary, l17sc; low middling, 12lsc
strict low middling, 1890 nominal; strict
niiddling, l2%c; good middling. Il l5-1Gci
strict good middling. 13Bc; middling fair
10 9-16c nominal; middling fair TO fair
Is 15-1Gc nominal fair IA 15-16c nominal
Receipts. $3.50; stock, 132J5o.
The Birmingham age-herald., 1913-02-09

S4.S5Q6 10; yearlings. Sc. 59@7 30; lambs. ma
tive. s6.90q9.
Louisville, February S.--Cattle--Receipts,
100; closed quiet; strong demand for feed
ers and stockers; range, S218. 20.
Hogs-Receipts, 2100; market 10c higher;
range. S4.50QS. 10
Sheep-Receipts, Is; lambs, 7Ntac down;
sheep, 4c down.
The Birmingham age-herald., 1913-02-09
Cotfnn Seed Oil

New York. February S.--Cotton seed
oil was a trifle lower under proflt-talx-
ing, but the undertone was steady ow-
ing to reports of satisfactory trade
conditions, closing net unchanged to 2
points lower. Prime crude, 5.209 5.27c;
prime summer yellow, 6.2S@6.45c; Feb
ruary and March. 6.30c; April, 6.31c;
May and June, 6.36c; July, GAO; Au-
gust, 6.65c: September. 647c; prime
winter yellow. 6.45 566.95c; prime sum
mer white, $3.50 soc.
The Birmingham age-herald., 1913-02-09
Liverpool Grain

Liverpool, February S.-Wheat, spot
firm, No. ] Manitoba, rs Cd No. 2, rs
3D. No 3, Is SID. Futures Irregular.
March, Is 57sd; May, rs 3ssd; July, rs
new, As I'D; American mixed, old, 6s;
old via Galveston, IS I'd. Futures very
firm. February La Plata, 5s 4Ad;
February, American mixed, As 107d.
The Birmingham age-herald., 1913-02-09
London Stock Market

London. February S.-The stock mar
ket, although. dull, was fairly cheerful
with a steady undertone during the week
and closed with about an equal pursoer
OF losses and gains. The resumption of
the war had little effect as market
factor, but It prompted the money mar
ket to firmly reject further Attempts or
the part Of many operators TO borrow
on short term notes. Investment business
The Birmingham age-herald., 1913-02-09
Flour and Breadstuffs

Self raising flour, s9.15 Tennessee hour.
s5.G5 Indiana -four, $50; Oklahoma flour,
s5.s5; Michigan -four sC.e5; boited meal,
per 96 lbs. sl.40: No. corn. per bushel,
74c: pure wheat shorts. s3i; pure wheat
bran. s2s; c. S. hulls. per ton, SIS: prime
c. $. meal, per ton, s3l; g. S. feed meal.
per ton, sSe; No. / timothy lay. per ton,
SO. mixed alfalfa and Johnson grass.
per ton, SO: corn chops, per 100 10 sack,
$l.40: alfalfa nay, per ton. s26; johnson
grass. per ton. SIS; mixed feed. sei; oats.
J2c busncl
The Birmingham age-herald., 1913-02-09
Bonds
Treasury Statement

Washington. February s.--The condi-
tion of the United States treasury at
the beginning of business today was:
Working balance, sS0,745,214; in banks
and Philippines, $34,2So.5SO; total of
general fund, s14S,753,105. Receipts,
$2,297,730 yesterday disbursements Fri
day, $2,S13,719. The surplus for fiscal
year is s7,364,230. against deficit of
$21,572,65 last year. Sums for re-
ceipts and disbursements exclude Pam
anna canal and public debt transactions.
The Birmingham age-herald., 1913-02-09
Naval Stores

Savannah. Ga. February S-Turpen-
tine firm. AZ q 421kc; sales. SO4; receipts.
253; shipments, 272; stocks. 21,796.
Rosin firm: sales, 97S;. receipts. us;
shipments, 874; stocks, 12S,OS6 quote;
A, B. s5.S006; g. d, SC; e. sG.05@
$40: f. $6.15; G. s6.15@e20; II. s6.15
@6.25; /, s6.2OM6.sO; X, $500; NJ, 81;
N, s705: VIC. $40; WV, sz15.
The Birmingham age-herald., 1913-02-09
New Orleans Rice Market

New Orleans, February S.-Clean rice
steady: rough firm. Receipts: Rough,
1876; clean, 3075 millers 1876. Sales:
Rough. none; clean. S1S Honduras at
Y @ 47sc; 215 Japan at 3A@35sc Quo
tations: Rough Honduras, 2.50@4.75c;
Japan, 2.7544.25c; clean Honduras, 40
5 nc; Japan, 3Q0ic.
The Birmingham age-herald., 1913-02-09
Fish and Sea Foods

Red snapper, 1cc in bbL lots; lie in
small lots: groupers &c; Spanish mack
erel, lie; specified sea trout, lll4c; carr,
roughs, &c; muIlet, 6,2c; sun perch or
Dream, s34c; pompano 2oc; mixed Ash.
Sc In barrel lots; crockers, Glzc; fresh
water perch. '9zc.
The Birmingham age-herald., 1913-02-09

large fryers, 14a15c; medium fryers, 1sQ
zoe; small fryers, 2-izls-5c; ducks, sOa4Oc
guineas, 25c; ROSTERS, 25c: geese, GO0t7oc
live turkeys 1S9D20c; fresh eggs, case
candled, 22d23c; extra graded candled
eggs. 25426c; cold storage eggs. 17Q1Sc.
Rabbits, s2.25 per dozen.
The Birmingham age-herald., 1913-02-09
Cnnsnls for Money

London. February S.--Consols for
money. n 11-16; for account, 743s. Bar
silver firm, 2S sd per ounce; money. AZ
@4s4 per cent; discount rates: Short
bills, Al 5-1GM5 per cent; three months.
A 13-16047s per cent: Illinois Central.
12S; Louisville and Nashville, 1411s
Southern Railway, 2S.
The Birmingham age-herald., 1913-02-09
Kansas City Grain

Kansas City, February S.--Cash
wheat. No. hard, sea 9le No. . red,
81 q1o51a; corn. No. 2 mixed, 4s1ac;
No. 2 white, sic; oats, No. 2, white.
So u q sec; No. 2 mixed, 341A q S5c.
Close wheat, May SS5sc; July, S6a4 a
s6sc; corn, May, 5sAc; July, 53Be;
oats, May, 36ssc.
The Birmingham age-herald., 1913-02-09
st. Louis Grain

st. Louis. February s.-Cash whea t
No. red. $1.0S@ i.13; No. Q hard, 81
4la4c;-4 corn, No. .. 5l@ 505ac; No.
white, 52la @531se; oats. No. 2, 35c; No.
white, 36c. Close, wheat, May. 94lsc;
July. 90Ac; corn. May, 5Sssc; July.
54asc; oats. May, S5Ac; July, S5ssc.
The Birmingham age-herald., 1913-02-09
Creamery Products

Country butter, 20U2jc: fresh creamer,
butter. &c; cheese. 19c, imported Swis
cheese, &c: German brick cheese. 2oc
llnlburger cheese, 19c; imported roquefort
&c: Neufchatel cheese. per Dozen 45c
Pimento cheese. zoe: process butter. 3olec
daisy cheese. 19c per pound.
The Birmingham age-herald., 1913-02-09
London Stocks

London, England, February S--The
stock market was quiet and uninterest-
ing today. American stocks were duli.
Closed easy with prices ranging from un-
changed to l point above parity Money
scarce. Discount rates firm.
The Birmingham age-herald., 1913-02-09
LOCAL QUOTATIONS
Pig Iron
Local Cotton
Meat

Lard, 12lsc; compound, sac; dry salt
short ribs, 12.20c; bellies, 12.s21sc: ham
butts, lac; Boston butts, 1414c; pork loins.
15lac: spare ribs, BE; breakfast bacon.
22a27c; smoked bacon, Ice; regular ham,
l7ikc; skinned ham, fIizc.
The Birmingham age-herald., 1913-02-09

August, 6God; August-September, 6.4slad;
September October, G.341sd; October-No-
-vember, 6.26ihd; ACKNOWLEDGEMENTS,
6. s4d; December-J January, 6.23d; January
February, 6.22d.
The Birmingham age-herald., 1913-02-09
Montgomery Market

Montgomery, February S.-tSpecial)-
Spot cotton was quoted in Montgomery
today as follows; Strict low niddling. 12c
middllng, 124c, and strict middling 1896
The Birmingham age-herald., 1913-02-09
Laborers Shot

Evansville. Ind, February S.--Allen
Vonyehren. "A years cid, assistant fire
man of q wood working plant owned
by his father, D. Vonvehren, shot three
negro laborers today. He said they
threatened him. Nonvehren was ar
rested.
The Birmingham age-herald., 1913-02-09
French Money

Paris, February s.-Three per cent
rentes. 8sf; 1zc for account; exchange
on London, 25f 24c for cheques; private
rate of discount, 4 per cent.
The Birmingham age-herald., 1913-02-09
Wool Market

Sc. Louis. February s.-Wool steady
medium grades conbing aud clothing,
20 "a 2Ge: light firo lsN 21c; heavy
fine, 13u1Sc tub washed. 3Tu 3Gc.
The Birmingham age-herald., 1913-02-09
Dry Goods

New York, February s.-cotton goods
markets hold steady with business go
ing at moderate pace. Yarns rule
generally steady. Silks are active job
bers report a fair trade for this Pc
Rod.
The Birmingham age-herald., 1913-02-09
German Money

Berlin, February S.-Exclaange on
London, 20m 401a pigs for cheques;
money. y e95 per cent; private rate of
discount. 5 per cent.
The Birmingham age-herald., 1913-02-09
Grain Receipts and Shipments

Kansas City, February S.-Receipts
Wheat 10000. corn $1,000, oats $4,000
Shipments: Wheat $4,000, corn 10000
oats $1,000.
The Birmingham age-herald., 1913-02-09
Metal Market

New York, February s.-Metals dull and
nominal Lake copper, 1e.@1s.14c; cleo
trolytic. 15.25@1s.25c; casting, 15.5oc; iron
unchanged.
The Birmingham age-herald., 1913-02-09
Coffee ard Sugar

coffee-Arbuckles. s25o5 per hundred
pounds; Luzaane, &c per pound. Sugar,
standard sranuiated, 5lzc per pound.
The Birmingham age-herald., 1913-02-09
Poultry and Eggs

Hens, s5a4ec; i've per pound, l4aglsc
The Birmingham age-herald., 1913-02-09
LOCAL SECURITIES

Total sales for the day. $500 sha
The Madison daily leader. [volume] (Madison, S.D.) 1890-current, 1913-04-17
COURT is EVENLY DIVIDED
Gossip Regarding Delay in Minnesota
Rate Cases.

Washington, April 17.--.Interesting
gossip is afioat regarding the reasons
for continued delay in the handing
down of decisions in the important
Minnesota rate cases which have been
before the supreme court of the Unit
ed States for more than a year.
Expectation that the decisions in
these and allied cases would be made
Monday was strong and their failu
to materialize has aroused conjecture
as To serious situation within the
court.
The belief now is that the court is
evenly divided over the question of
the constitutional right of a state to
regulate railroad rates, as a result of
one of the justices being incapacitated
from sitting on the cases in question
Justice Var Deyanter, as a Judge o.
the circuit bench, passed upon what
Is known as the Missouri rate cases
which, for the purpose of determining
the main point at issue, have been
consolidated with the Minnesota cases.
The Madison daily leader. [volume] (Madison, S.D.) 1890-current, 1913-04-17
ADRIfT FORTY-EIGHT
HOURS IN OPEN BOAT
ShipWreCked Crew Saved After
Terrible Experience.

New York, April II. The crew of
the schooner Lottie r. Russell, which
was abandoned seventy miles off Cape
Henry on April IL, reached New York
on the oil tank steamer Georgian
Prince. For forty.elght hours the men
were adrift, most OF the time without
food and in a small open boat sur
rounded by sharks,
The schooner sailed from Charles
ton, S. c., for Philadelphia last Fri
day. Saturday morning she was hit by
terrific gale and soon was water
logged. Nearly all the provisions were
swept away and as the cook could not
leave the pumps the crew of seven
men and the wife Of the mate lived
on few mouthfuls of brine-soaked
bread
AT 2 p. IN. Sunday the vessel was
abandoned During the time the crew
and the mates wife were adrift they
had no water and lived by wetting
their lips with the juice of canned
peaches, OF which they had a small
quantity.
The Madison daily leader. [volume] (Madison, S.D.) 1890-current, 1913-04-17
TARIFF BILL TO
STAND ASDRAWN
Underwood Says Measure
Will Not Be Changed.
MINORITY TO BE HEARD

Republicans viii Be Given Every op.
portunity 10 Discuss Measure and
Offer Amendme nts, but Democrats
Control It's Fate
Washington April l7.-Chairman
Underwood, after a conference with
President Wilson, expressed conf.
dence that the tariff bill would be ap-
proved b. the house caucus without
important amendment within the next
three or four days.
Mr.. Underwood declared that the
Democrats would permit the minority
to be fully heard.
"Of course there will be many
amendments from our Republican
friends" he said, but the bill will
pass the house just as il is approved
by the caucus and with only few
minor changes. Inequalities always
creep ia and these have TO be- adjust.
ed"
Representative Cordell Hull OF Ten.
nessee, author of the income tax law,
answered complaints of life insurance
companies against the provisions OF
the law as affecting them One con
tention of the companies is that divi.
pends declared by mutual and partic-
ipating companies, which would be
taxed under the law, are not divi.
dends in the commercial sense OF the
word, but are simply refunds OF por
ton of an overcharge collected witt
the annual premium and at stated pc
RODS returned to the policyholder.
The ways and means committee
contend an exhaustive investigation
of books Of insurance companies
shows that in many cases the earn
ings of companies from previous in
vestments and holdings are nearly as
large as the amounts which are an
nually distributed as dividends and
that 1t does not appear that separa-
tion of sources of income is made for
the purpose of ascertaining the funds
available for dividends.
The Madison daily leader. [volume] (Madison, S.D.) 1890-current, 1913-04-17
CRACK TRAIN is IN PERIL
Oriental Limited Narrowly Escapes
BIG Landslide.

Troy. Mont. April IA portion of
the rock cliff overhanging the Great
Northern tracks one mile west OF
here. having become loosened by
frost, slid down, burying the track
twenty feet deep for distance of 100
feet.
The news reached the depot just in
time to hold the Oriental Limited.
which was pulling out of the station
Because the slide is in a cut the
work OF clearing is slow and the rock
will have to be picked out by hand.