davidaulloa/AmericanStories huggingface dataset:
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-10-18
The stock Trusteeshtp.

]. NJ Wallace. president OF the Central
Trust Company of New York. testified
that the company was trustee OF the
s7l 100000 Of stock Of the Chicago. Rock
Island and Pacific Railway Company
which is the basis .of the holding COM
pany's securities.
He was asked how the Central Trust
Company became connected with the Rock
Island affairs. and he said II was because
he had solicited the business first. speak
ing to Robert Mather about II. Mr.
Mather suggested he talk with Daniel G.
Reid and ne did. At that time his com
pany held about $1,000 900 stock OF the
Chicago, Rock Island and Pacific Railway.
"Gs The s7l,00O,0cO railroad stock now
held by your Company asked Mr., Folk.
Yes SIR" replied tho witness
How !s that held and for what pur-
pose"
That In held for the per cent. bonds"
Mr. Wallace then explained that the
entire matter IL now before the Federal
Court for the Southern district OF New
York on n bill filed by the Central Trust
Company of New Jersey to foreclose under
the trust agreement.
Under this agreement the holder OF
800 railroad stock OF tho Chicago. Rock
Island and Pacific Railway Company was
10 receive 500 in the bonds of the Iowa
holding company, 800 In common stock
Of the New Jersey company and SO
in the preferred stock of the New Jersey
company.
What default caused you to 80 int
court" asked Mr.. Folk.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-10-18
MAY SEIZE CARS FOR TAXES.
Jersey City OmciaI Threatens Public
Service Company

Unless the Public Service Street Rail
way Company shows some disposition to
pay the car tax for which Commissioner
George F. Brenslnger. Director OF Finance
and Revenue OF Jersey city. has been try
ing TO collect the Commissioner Will for
chilly seize not less than ten cars OF the
company tomorrow He will call on the
police for help II necessary.
Director Brensigner has Instructed Col
lector OF Arrears of Personal Tax Otto
Edelman to serve notice on the COMPANY
that II must pay by 10 o'clock tomorrow
morning the s33.253.26 II owes Jersey
city for franchise taxes for the years
1907. 1911, 1912 and 1913
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-10-18
WHY SHAW WON'T COME HERE
Fears to Disnppoint Everybody by
Actually Appearing Mt Last.

The following characteristics comment
from q. BERNARD Shaw has been received
In II letter to George g. Tyler. who ~ man
aging Mrs. Patrick Campbell in Shaws
"INgmulion' at the Park Theatre
Il rot your Cdblegtam asking me to
come to New York for the opening night.
But It would not be fair to the American
press. For twenty years past they have
always iilled up any spare room In their
columns by announcing that | was on my
way TO America. and thereby kent the
United states under a strain of eNpecta-
ton which they have now got used to. II
were to disappoint everybody by actually
coming AT last / should create a good deal
Of Ill feeling Besides, nobody would go
to the theatre; they would all come to
see me"
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-10-18
COTTON POOL NEAR SUCCESS.
Announcement of Its Completion
Expected Tomorrow.

l. was said Yesterday on behalf Of
bankers that the formation OF the $50
OOO. 900 pool for the relief OF the cotton
situation would be completed tomorrow
and that the plan might then be an
neunced as finally adopted.
Secretary OF the Treasury McAdoo and
Director Harding OF the Federal Reserve
Eoard. who were reported to be I'm New
York for conference win bankers on the
cotton plan. were not seen In the fnan-
cial district yesterday.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-10-18
Xoakun1 Got 81, 500, 0OONet
in a Rock Island Deal

port which showed that tho road had been
run down to a marked degree the rails,
roadbed ties and equipment in general
suffering enormous depreciation through
lack of care and management.
The report estimated depreciation
over the entire line OF 5 per cent The
report stated that money which was spent
in paying dividends had been withheld
from the maintenance of the road Among
other things the report mentioned that the
neglect had been such that 1910 freight
cars were UNIT for service.
Mr. Folk then exhibited to the witness
n series OF advertisements which appearei
N New York. Philadelphia, Boston and
other papers calling on bondholders to
turn in their bonds and sign an agree
mcnt designed 10 secure the distribution
among them Of the 81 900. 900 stock 81
the operating compnny.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-10-18

should have known when the company
money was given awayy'
YES"
AS business man do you believe one
should be on board of directors Of u
railroad without exercising his own judg-
ment?" Mr.. Folk asked.
81 don't think he should"
did you make installer
81 didn't have time to look into things,
replied Mr.. McMurtry.
Mr.. Folk announced that Daniel O.
Reid, William II. Moore. James IL Moore
and others would be called as witnesses
when the Investigation Is resumed
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-10-18

IL think Il 70 my duty 10 insist on an
immediate sale. replied Mr. Wallace.
Then after you a. president have fore
closed and sold this stock. you represent
ing the bondhoid,rs' committee could buy
- in FOR the bordholdcrs and then dis
tribute the stock said Mr.. Folk
The witness assonted 20 this, hut said
MS only object was TO give back TO the
hondhoidcrs their property Mr. Wallace
declared that II there was any compensa-
ton 70 him in the transaction Il would go
TO the trust company.
Mr.. Folk declared that 20 sustain the
hcndholi"rs' committee in their desire for
the foreclosure and sale II would be neces-
sary 10 wipe out all the stock OF the two
holding companies. aggrogating about
$3.50. 100000
The Central Trust Company IL simply
doing It's duty said Mr. Wallace.
Mr.. Wallace said that Phelps, Dodge &
Co had bought large block OF this stock
and he knew others who had
Mr.. Folk seemed to believe there wa
come one besides the Central Trust Com
pany back OF the entire deal, and he asked
Mr. Wallace who II was Mr. Wallace
replied there was no motive power TINT he
knew OF other than the desire OF the Cen
trail Trust Company TO assist the bond
holders get their property"
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-10-18
Three Groups of Trustees.

Three groups Of trustees are appointed
Tho are 20 operate certain OF the prop
critics until sale their expenses TO be
pail hy the New Haven under court
o'gr.ztnoe II the receipts from operation
~ '.e properties are insufficient, The
trustees may reorganZe the properties
the are entrusted with on the basis OF
eXr.yUgug the securities they hold for
o'lH, t1c securities they receive being
subject 20 The same provisions a. the
ORIGINALS
The right Of the state Of Massachusetts,
20 iGfal1s" the stock OF the Boston ana
Ntu- ur the Boston Railroad Holding
Company on terms II may fix in accord
g.. H % recent legislation IS established
eeHat',y In the decree. This legislation
'si.. point of objection by tho New Haven
which H0peoced the company to throw
''rr Oh. original dissolution agreement,
"... r.GscI the fling Of the suit.
IT,, decree carries the intlmation made
'o' BIB. lr-t time that the berkshire street
'n.WH' Company may acquire the securl-
'''s 0' properties Of the New ENGLAND In
'',.'.uf aua security Company. holding
company for Massachusetts and Rhode
N.'u '.u,i'yS It's own stock being held
' 'a Sew England Navigation Company.
i.- ,l-. me securities OF the Berkshire
i.I Vermont companies shall be put into
o." hands Of trustees, otherwise. the
49," ''1'.u itself Is 20 sell the Berkshire
tIi vermont company securities before
J-.. !. 1919
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-10-18


with Daniel q. Reid about Rock 1siand?'
asked Mr.. Folk,
mo, sir" replied Mr.. Wallace. Il have
not"
PubIic Investment.
Commissioner Clements tried TO ascer-
tain how much money the public had been
induced to put into Rock Island securities.
but Mr.. Wallace said he could not esti
mate H.
"Do You think" asked Commissioner
Clements there can be permanent credit
for railroads when all these things that
we have been listening to yesterday and
to-day are going on7 Is there not limit
to it,
"My position IL that OF a trustee" re-
piled Mr.. Wallace.
Then these two holding companies
with their millions Of securities" com
mented Mr. Folk. will be wiped out and
then what II to prevent. by the same
tactics as IT, this case. the organization
of other holding companis and unloading
their securities on the public"
81 am not interested in the holding
companies" said Mr.. Wallace. II am
a trustee"
George r Boggs OF New York was also
witness during the days proceedings.
lie said he was formerly connected with
the Chicago, Rock Island and Pacific Rail-
way Company and also the two holding
companies, being assistant treasurer and
assistant secretary from 1902 until 1911.
He admitted thar he served ON tho hoard
~ directors Of the companies as the rep
resenta'ivc Of Messrs. Reid. Moore and
Leeds
You were there to do what YOU were
told tor Mr. Folk asked
Yes. n you want to put IL that way
Represented them" ne said.
was II the custom TO make gifts OF
800 600 and $50. OOO TO otrcialsp'' Folk
asked
no not the custom
ooo ,
T"'''" "''
They gave you $4,000 once did they
not?''
Yes. sir"
"Did YOU ever stop 70 consider that the
funds in the railroads treasury were a
tax In freight and passenger fares on the
public"
NO. sir"
r,f,rnnd S,-eo,Ir St"P .,,n. ,n',
publc-a quasl-pubIic ofPclal?"
No, STR
"Then the public has no rights in such
matters"
1T depends on what YOU consider the
public"
Mr.. Boggs was asked about the Frisco
deal lie admitted the sale of the road
was not a good thing for the stockholders.
Then why dld Won approye the pur
chase" asked Folk
Well. that was at a different period"
Would Il he proper 10 describe YOU as
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-10-18
Continued from First Page.

that the object OF the purchase
of the Frisco lines by the Rock Island
was the formation of vast system in
the middle West which would standardlze
the roads.
Mr.. Ioree's Connection.
Following out this principle. ne said
they decided to get the services OF l.. +,
Loree, at that time president OF the
Baltimore and Ohio Railroad, and he
was paid IA salary OF $4,000 a year, with
bonus of 100000 at the end OF Ave
years
Mr.. Loree. he said, became the head OF
the system on December II. 1903, but
remained only ten months. Mr.. Yoakum
was asked why Mr. IIoree had resi- gned
He said tina; after Mr.. Loree had been
IN office while there was something
IN his management OF the property that
the heads OF tho Rock Island "felt
was not just what II wns intended II
should be"
mr.. f.oree and the parties employinr
him reached an understanding" said Mr.
Yoakum, with the result that Mr.. Loree''
services were discontinued That is al
know about It."
The witness acknowledged that Mr.
T.oree received something like s45o00C
in bonds when he retired. notwithstandina
that he had served only ten months
MIR Loree's ideas OF operating In tn,
West were not in harmony with the ideas
Of the railroad mon OF the West" sale
MIR Yoakum
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-10-18
Personnel OF the Boards.

T.. 'rus'ees to hold the 3 ,065 shares
o' .YWWpn and 2i4, 939 shares of preferred
stock ~ m, Boston Railroad Holding Com
Ianr holding the ownership OF the Boston
@na Maine is composed Of Marcus r.
hhow.tpn, Henry Il. Day, James l.. Do
Herty Charles =, Hall and Frank r. Car
tehter They are also TO take over the
securities OF the subsidiary lines and
leased inea o- the Boston and Maine, the
uoo% value OF New Ravens ownership in
Boston md Maine Is s3O,7O0,0O0,
me trustees 10 take over the Connect
Guy Company. the hook value of New Ha-
YsHs ownership OF which JIG s42 l26 600
sse Walter c. Noyes, Lyman b. Brainerd,
cnarles Cheney, George +, Hin and Will
nm W. Hyde, They are directed to sell
~ he request Of the New Haven, and
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-10-18
THE NEW HAVEN
IS DISSOLVED,
DECREE SIGNED
Trustees to Sell Securities
Carried at Book Value
Of S13t.O0O.O00.
Drastic PROVISIONS
AGAINST REPT RCHASE

r. Soy Haven railroads year long
,..,.. ..un with the Department OF Jus
e. q. So. i-,lf IN order before the law
,..us 3. au end yesterday, when Judge
,,,sr IN the United States District
con-. ,.rr,i the dssouti n decree that
rad been .:'rcI upon 10y the sew Haven
aid ,.. g. ,rrumcnt Under the decree
the New u4,,n aud the New England
N,,.st,.o'. company viii dispose Of prop
critic. CARRIED at book value of sl3i,-
oOcoNc
The dissolution plan : practically that
which wa. l,-srihcd by Chairman Elliot,
IN ;ne annual report OF the rad issued
%, october o. The New Haven gives
an the Boston and Maine. the Boston
and Albany. its coast steamship lines and
n, ,r,lleys, leaving it with an unlm-
,a,-ed trunk line to BostDn--the, Boston
and Albany having supplied an alterna
1--WE not a supplementary route-and It's
many subsidiaries save those menti ned.
The scheme OF separation ~ trustecship
for tho man units OF properties until sale.
The trustees are 10 use their best efforts
10 seu before certain specified times
before January /. 1917, in the case OF the
pos,or and Maine. though the court is
directed to set II time for sale II this
property after July /, 1915, II the New
Haven has'not directed sale before. The
Connecticut. Rhode island. Berkshire
Stree, Railway. Vermont. and New Yorl,
and s-amr ri railway companies shall be
.old before July 1919 The retention
q, ,n. sound lines by the New Haven is
20 b. decided 10y tne Interstate Com
mare Commission.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-10-18
EuunIity Of Control.

Mr. Yoakum said that in the manage
mcnt OF the Rock Island companies there
was an equality Of control by himself and
Reid. Moore and Leeds
Mr.. Yoakum in referring to some Of the
financial deals OF the Rock Island finally
explained them by saying they took place
about ten years ago. when things were
different from what they are now. This
observation was made IN regard to the
loss sustained in the acquisition OF the
Chicago and Alton road.
The witness said there was an under
standing when tho Frisco was bought,
between himself and mis- associates that
hero should be an alternating manage
ment
Mr. Yoakum described AT length the
acquisition by tho Rock Island lines OF
coal land in eastern Illinois. lie said he
bought the Deering Coal Company for
the Rock Island and the Rock Isla nd
sustained a logs on this transaction OF
100000 Al that time. according 20
Yoakum. It looked Ike a good purchase
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-10-18
Decree SETS IA Precedent.

Tho decree sets a precedent in the
mate ~ determination OF who is pro
n b,t,d from purchasing the securities
~ tie properties offered for sale. II DIFF
,.rs from the Union Pacific dissolution,
uA,re .he stockholders OF the Union Pa
"a, we're forbidden 10 purchase the
share. ~ Southern Plcihc sold. II also
diN,rs from the T bacco and standard
OF cases where stockholders received
pr, rata shares OF the new subsidiaries
In the Sew Haven case, the New
Haven p- any persons or corp rat!ons
r,..-s with il. are prohibited from pur-
cs4st-p the securities offered for sale.
r.. stockholders of the New England
Navigation Company as class are like-
yrrso prohibited from purchasing. Each
,u-ch.,ser Is compelled 20 Sign an am
dov, that he IL a bona tide purchaser
s-5 10 nj lctlng in behalf of the New
Haven. -,
-r,~e is nothing IN the decree how
ever 10 prevent individual stockholders
4, the New Haven from purchasing
.e,iri'.,s offered for sale. Absence OF
sur rr5h.bitinn is apparently based on
40 h,'..s that the stock OF the New
r,y,, d. % widely scattered that no per
s.- ,~ gr1ti,i row dominates H. as was
the case with several big blocks or stock
~ -,., Pacific. The trustees and the
da',udart companies must furnish in'or-
nation 20 the Attorney General regard
,rr thor sales whenever he seeks IT, II
e nroy.drd that any party may AZ any
tine applv to the court for additional
orders In the dissolution II 1t shall app' ar
tNat they are necessary to carry out the
decree
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-10-18

DresSy Empire model of imported broadta cloth,
in black, seal or green, brocaded silk lined collar
of skunk oposSum fur. value $3.50
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-10-18
Fur Trimmed Velvet Suits

Dressy models of imported chiffon velvet, in black
skunk fur '' S'S''' "'''1 VII" n iua $3.50 $3.50
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-10-18
WOmen'S Fur Trimmed G
Fur Collar Tweed Coats

Button to-neck model Of imported Scotch tweed,
in blue, brown or gray large square collar of
natural or skunk raccoon value $3.50
DreSSy Fur Cloth Coats
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-10-18

Have you had any conference recently
with Daniel q. Reid about Rock IslandT
asked MIR. Folk
NO, SIR" replied Mr.. Wallace. Il have
not"
The copper era and Morenci leader. [volume] (Clifton, Ariz.) 1911-1929, 1914-10-30
STOPS POSTAL
MONEY EXCHANGE TO MEXICO
Present Unsettled Condition of Gov
ernment in Sister Country Causes
United States Postal Department to
End System of Exchange.

Postmaster Lehman this week re-
ceived telegraphic advices from the
postal department at Washington to
the effect that all financial postal ex-
changes between our government and
that of Mexico have been discontinued
for the present, the natural suppose
tion being that the decidedly unset
tied, politically, condition of Mexico
is responsible for the breaking of
exchange. The order took effect on
October &c.
This order will to a certain extent
affect the financial relations of the
two countries, as many persons of
Mexican extraction, and residing at
various points in Southwestern United
States, have been accustomed to send
ing money through the postal depart
ment to friends and relatives residing
at points in Mexico.
The copper era and Morenci leader. [volume] (Clifton, Ariz.) 1911-1929, 1914-10-30
DIR. cALANTINE DIES.
Physician Dies Of Smallpox Contract
ed Through Treatment of Persons
Suffering of Same Disease.

On Wednesday, October %, DR.. A.
b. Calantine, for about bour months
employed as physician by the Arizona
Copper company, died of smallpox
which he unfortunately contracted
while administering treatment to per-
sons suffering of the same disease.
When first stricken with the disease,
brother physicians believed that no
fatal ending was probable, yet violent
Inflammation began, affecting mem
branses of the body, and death soon
came. DR.. Calantine was twenty
eight years of age, unmarried, and
leaves a mother and father and other
relatives residing at Peru, Indiana.
He had before been afflicted of the
smallpox, this about fifteen years ago,
making his case with the disease an
exceptional one, as rarely does a
person contract the disease twice. To
add to the sadness of this death, the
danger of contagion made necessary
the DEVIATION of public funeral, and
the interment, attended by only a
few persons, was at the Clifton GENE
terry at midnight Wednesday.
The copper era and Morenci leader. [volume] (Clifton, Ariz.) 1911-1929, 1914-10-30
S. e. DENNIsoN, KNOWN
AT CLIFTON, is LOST
Man Formerly of Clifton, Where ReIa-
tives Reside, Has Left Home at
Tombstone in Dazed Condition, and
Cannot Be Found.

Advices have been received at Cliff
ton this week telling that S. E. Den
nison, formerly of Clifton, near where
relatives, Mr.. and Mrs. Frank Davis,
now reside, is lost, having left his
home at Tombstone on Sunday, Octo-
Der Is, saying to Mrs .Dennison that he
was going hunting and would return
within few hours. At the time of
leaving he was recovering from an
accident, caused by falling down a
mine shaft, and according to his wife,
was not in normal condition mentally.
Upon his failing to return, searching
parties were organized and kilograms
sent to all surrounding points in Ari-
IONA, but to no avail, as he has not
yet been found.
Mrs. Dennison is PROSTATE with
grief and anxiety about his disappear
ance, and will beyond measure appre-
ciate any efforts made toward his
recovery. Her sister, Mrs. Frank
Davis, of this section, is now with
her at Tombstone. The fact that
Dennison was by occupation engaged
in mining will possibly facilitate the
search.
The copper era and Morenci leader. [volume] (Clifton, Ariz.) 1911-1929, 1914-10-30
WILDMAN HAS NOT
FORGOTTEN US.

PHOENIX, Oct. 25.-That Prof.
Murray S. Wildman, we'll known to
Arizonans, and now at the head of
the department of economics at STAN
fodr University, retains his keen in
terest in Arizona affairs, is shown by
a letter from him to his old friend
T. C. Power, of this city. The fol-
lowing extract is of particular mo-
ment just now, as it refers to some
of the legislation which our voters
must decide on November 8:
TT would be hard to devise a law
better adapted to make Arizona for
ever known as the home of sage
brush and coyotes than the so per
cent citizenship bill. Arizona must
compete with other states. If she
should make a law that every work
mar must work with his right hand
TIED behind him, she would put her.
self in the same competitive posi-
ton as would result from this pro-
posed law.
''The anti-blacklist bill is so per-
fectly framed to protect the scalawag
in his competition with honest work
men that it is hardly conceivable that
honest workmen will vote for its pass
age"
The copper era and Morenci leader. [volume] (Clifton, Ariz.) 1911-1929, 1914-10-30
EXHIBITS TO ENTER PROMPTLY

OCI00eT lSI-IdSI LAY TO 6uLCT.
The State Fair is closer upon us
than most of us realize. With the
election and the dry and wet cam.
paign in full blast, people are likely
to forget that the Fair is only two
weeks off. Entries close at 600 p.
m. the last day Of October, October
31st, and many exhibitors will be left
out for lack of space, if they do not
hurry up and make their reservations
and entries.
Extra clerks have been added to the
regular Fair office force and exhibit
ors are requested to write or tele-
phone the office, phone I408, if they
cannot come in person to make the
entries.
Mrs. F. Stewart Williams, assistant
superintendent of the Woman's Depart
ment, is busily occupied receiving the
entries and arranging the many de-
tails incident to that big department
There is a constant demand for entry
blanks to the Better Babies Contest,
and the present indications are that
Arizona's largest product will be
beautifully and magniffcently repre-
sented at the State Fair.
Those who are expecting to make
exhibits in the live stock and poultry
departments are particularly request
ed to make their entries at once, so
that the books may be made up, stalls
reserved, and proper preparations be
made.
Every pen and stall has been thor
oughly cleansed and disinfected, and
white-wash and white paint have been
used with lavishness unknown be-
fore, and an exhibitor will find every
thing in a state of cleanness and
wholesomeness not usually found at
the best regulated State Fairs.
Swine owners will be particularly
Infested to know that concere
floors and run-ways have been laid at
the swine Pavilion, and that every
provision has been made for the
fort and cleanliness of pig-big and
little.
Enter today.