davidaulloa/AmericanStories huggingface dataset:
The day book. [volume] (Chicago, Ill.) 1911-1917, 1914-11-11
A PRIZEFIGHT STORY IN WHICH THE ACTUAL-
FIGHTING END OF 1T DOESN'T GET IN


cision can be given, leaves the scene
of battle deciding for himself who
won. q
But the human side of'the game:
1t is customary to hand the crowd
several preliminary battles before the
real big fight. And in these prelim-
inaries one would Judge that the.
young scrappers felt that they had
to fight hard to make a hit. Usually
from the time the bell rings for the
start until it rings for the finish, the
youngsters are hard at it. Wallops3
to the face and body come in rapid
succession.
And then you can tell just how
human crowd of folks, who love the
brutal game of fighting are. For
instance, Monday night, the first bat,
tie was between youngster about
five feet tall and boy about head
over him. Before the first round was
well on its way it was plain to be
seen that the sympathy of the crowd
was with the smaller boxer. The
same thing ruled throughout the con-
tests that evening, In one instance
the boys were pretty well matched as
to build. But when one slipped sew.
eral good face jolts over the crowd
began pulling for the other fellow.
When the big battle, between Char
ley White and Freddie Welsh, came, 1
found myself leaning little toward
Welsh for a minute. And why? Be-
cause when White entered the ring
he was given one grand ovation. But
when Welsh stepped out, nothing
much was doing. Of course, he got a
little applause, but nothing to COM
pare with how White was greeted.
And good many in the crowd
about me felt the same way sdid.
Welsh had White and the sentiment
of the crowd to battle against. And
we felt sort of wanting to pull for the
under dog.
Pine Bluff daily graphic. (Pine Bluff, Ark.) 1893-1942, 1914-09-16

Forrest City it aid that present
indications are thu, the county will
go dry by small majority. Unoffi-
cal returns from ten precincts give.
for license 61S, against license, 500.
Pail Little Wins.
Prohibitionists also made deter
mined fight in Fort Smith to pre-
vent the reopening CT saloons, which
were closed there by the court July :.
The early count, however indicates
the liquor element was in the ascend
ancy Paul Little. Democratic nomi-
nee for circuit judge and tae chief
target Of prohibition attack, carried
Fort Smith, GreeaNood district AL
Scott county over his opponent, Fl. \.
Smith of Mansfield, independent. Lit
ties majority It is said will be LOO,
he largest ever accorded a candidate
for circuit judge. Sebastian count.
also strongly endorsed the publicity
act, child labor and bond amendment
and dsaEproved the bill creating the
office CT lieutenant governor.
License carried by a majority of
400 to 800 in Garland county, accord
ing to re urns at noon today from
Hot Springs County Judge Mooney,
the only county candidate who was
opposed, was elected by large ma
iority. Governor Hays was given a
plurality of about 1900 over his up
position.
TeXarkana "Wcts" Hopeful
The returns from Miller County
show that Texarkara and Miller coun-
ty voted heavy majority in favor
of licensing saloons. and a vigorous
campaign will now be wage5 by The
vets to re-establish the liquor traffic
at Texarkana, which was voted out
there nearly six years ago.
liz the last general election Miller
County voted for license by good
majority. The liquor interests Won
with a petition in Two courts to es-
tablish eight saloo"~ in TeXarKana
Ark, During the litigation County
Judge C. w. Kimba,l, who first pass d
Pine Bluff daily graphic. (Pine Bluff, Ark.) 1893-1942, 1914-09-16
ATWOOD EFFECTS
COUP in MIL WAUkEE
Former Pine Bluffian Shows
Traffic Men New Tricks in
Business Getting.

Harry n Atwood, until recently
commercial agent here for the Iron
Mountain, has achieved the distinction
the largest single shipment of beer
that has ever gone out of that city.
And the shipment was to Sydney,
Australia. at that.
Mr. Atwood was recently made
commercial agent for the Gould lines
at Milwaukee, and reports from there
say that the way he went after bust
ness took the breath away from the
old-timers hustling for traffic bust
ness there.
A shipment of twenty-five carloads
is business thattt make the mouth
of the conscientious traffic man wa
ter, figuratively speaking. Conse-
quently, when it was learned that the
Pabst Brewing company had orders
for twenty-five cars for Australia.
there was some activity among the
freight hustlers. All the railroads
sent their best men after the bust
ness. They failed. One of the
stumbling blocks seemed to be that
because of the war there would be no
steamer at the right time.
This little obstacle didn't for a
moment deter the former Pine Bluff
ian. 1t seemed pretty big job to
get twenty-five cars to the thirsy
Australians without ship, but he
wasn't in a mood to let the Sydney
ties suffer nor lose that business be-
cause of this difficulty.
Atwood went after the business
with the energy for which he was
noted here. BY arranging with
steamship company to charter a spe-
ciail steamer out of Frisco and by
providing for special train out of
Kansas City. Mr.. Atwood was able
to contract to ship the beer from Mil
waukee to Australia. Under the ar
engagements. the beer was to be at
San Francisco by September IA. At
woodism, in this case synonymous
with resCurcefulness and work, put
it there SO hours ahead of time.
Pine Bluff daily graphic. (Pine Bluff, Ark.) 1893-1942, 1914-09-16
REPS. CARRY
TWO COUNTIES
Searcy and Newton Returns
Indicate They Are in Re
publican Column.
APPROVE MEASURES
Sebastian County Votes for Licensing
Saloons, Also Miller-leXarkan-
ians Hopsful-Fcrrest
City DRY"
APPROVE MEASURES

Little Rock, Sept. 15.-Election re-
turns slowly reportoi today by the
various election commissioners and
boards revealed thai SO far the Re-
. publican parry n2aii3:ees have ben
victorious in but two counties of thc
state, Newton and ca cy. The iattnr
named county may change with more
COMPLETE returns Everywhere
throughout the state Indications point
to the carrying OF the publicity act.
the child labor act and the bond
amendment by handsome majorijies,
1t is believed the lead on all three
measures reported in the early count
will prove sufficient to guarantee
their carrying against opposite
which may be learned in later
count.
The prohibition fiehet overshaGo :
ed The interest in all things else in
the st. Francis county election. From
Pine Bluff daily graphic. (Pine Bluff, Ark.) 1893-1942, 1914-09-16
CANDIDATES FOR
MINISTRY HONORED
Three Young Men Who Leave Today
to Prepare for Pulpit Given
Farewell ReceptiOn.

The Christian Endeavor of the First
Christian church gave farewell re-
ception last evening at the church
building in honor of G. l.. Wainwright,
W, 4. Stebbins and Raymond Ellis,
officers Of the Endeavor. who will
leave today for Canton, Ohio, to enter
the Phillips Bible institute, where
they will take a four years. course
in preparing for the ministry.
Because of the active part the
Young men took in church affairs of
the city during the past several wears,
the church, was filled to its capacity
by friends who wished them every
success in their Undertaking.
Pine Bluff daily graphic. (Pine Bluff, Ark.) 1893-1942, 1914-09-16
Clark County.

Gurdon, Sept. 15.-Aissouri town
ship in this CLARK county give
Governor Hays III, Kinney 10, Hog
an ). Act No. /, for 81, against "a;
Act No. 3, for Sc, against 81; Amend
ment No. IA, for 80, against %;
Amendment No. Is, fer rs, against 81;
Amendment No. 16, for 81, against IS.
Lillian B. Hyde, Metropolitan cham
pion, and Miss Marion Hollins, who
held that title a year ago, were COM
PEELED to try TO eliminate each other
Pine Bluff daily graphic. (Pine Bluff, Ark.) 1893-1942, 1914-09-16
CITROLAX

Users say it is the ideal, perfect
laxative drink. M. j. Perkins, Green
Bay, Wis, says Il have used pills,
oils, salts, etc., but were all disagree
able and unsatisfactory. In Citrolax
I have found the ideal laxative drink"
For sick headache, sour stomach, lazy
liver, congested bowels, Citrolax is
ideal. Mann Pharmacy.
Pine Bluff daily graphic. (Pine Bluff, Ark.) 1893-1942, 1914-09-16
Jackson County.

Tuckerman, Sep. 15.-In the state
election held in this Jackson) county
yesterday little interest was manifest
ed, inasmuch as no Democratic nom-
nees for county office had opposition.
Probably less than half the usual
vote was polled. Two prcc!ucs in
this (Bird township voted as fol ,
lows: Hays 1870, Kinney Is, Hogan Il.
For Act NO. l ia, against 81; for
Act No. 3, 80, against 90; for amend
ment IA, 1913, against 40; for amend
ment 10, SO. against 81; for amend
ment 16. 76. against 6o for license u
against license 1879.
The indications are tina, ,hC amend
menSs have all arled by snail ma
iorities throughout, the county. and
that the county has gone heavily
against license and for road taxes
Pine Bluff daily graphic. (Pine Bluff, Ark.) 1893-1942, 1914-09-16
Arkansas County.

stuttgart, Sept 1o.-TFo Official
No,c cast in Arkansas coIl ~ western
day was 1900. Al Democrat candi-
dates both state and court, carried
the county by $50 votes FOND
amendment NO. and Publicity Act
Nc carried in this county by large
marcrities. About half the nerinal
vote was polled in the county.
Pine Bluff daily graphic. (Pine Bluff, Ark.) 1893-1942, 1914-09-16

warehouses in Texas and Secretary
Babcock is spending practically his
entire time in furthering this propo-
sition. He has visited many towns
in the Dallas trade territory and has
aroused much enthusiasm among
farmers and merchants.
The chamber, too, is circulating val
liable literature dealing with the con-
struction and operation of ware
houses in this state.
Pine Bluff daily graphic. (Pine Bluff, Ark.) 1893-1942, 1914-09-16
Cost Kept Down-Quality Kept Uv

No better medicine could be made
for coughs. colds, Group, hoarseness
tickling throat, bronchitis, etc., than
Foley's Honey and Tar Compound
That's why they can't improve the
quality, and war or no war, the price
remains the same. No opiates. Don't
take substitutes, for Foley's Honey
and Tar is the best. Mann Pharm-
acy.
Pine Bluff daily graphic. (Pine Bluff, Ark.) 1893-1942, 1914-09-16
Stephens.

Stephens, Sept. t5.--The ligA est
vote ever po.tel in his tao Sc oi.G
largest township = the county. was
cast here YESTERDAY. Out of a total
eli nearly four huadred votes IN t.se
L wnship only 10 We're po!:sd Of
hose Hays got lis, Kinney IS, Hogan
l. For act No. / ri, against 81, for
acj NO. 3 So, agalast 81; for amend
ment No. IA 80, against 81; for amend
ment No. IS "A, gainst 106; for
&rendment No Is Il, against 113.
Pine Bluff daily graphic. (Pine Bluff, Ark.) 1893-1942, 1914-09-16
Advanced Methods.

Just as the flying machine marks
the advanced form of locomotion-so
the Modern American Laundry marks
the advanced method OF washing.
American Excelslor L..nnoly. II
Pine Bluff daily graphic. (Pine Bluff, Ark.) 1893-1942, 1914-09-16
Lonoke County.

England. Sept. l5.-Returns from
two townships. including England,
give Hays, 11e, Kinney 8, Hogan j.
Act NJ / les for, L againe Act NO
5, 107 for, "a against: Amendment No
IA, H. for, IA against; Amendment
Pine Bluff daily graphic. (Pine Bluff, Ark.) 1893-1942, 1914-09-16
No. 666

This is prescription prepared especially
for MALARIA or CHiLLS & FEVER.
Five or six doses will break any case, and
if taken then as tonic the Fever will not
return. 1t acts on the liver better than
Calomel and does not grippe or sicken. Csc
Pine Bluff daily graphic. (Pine Bluff, Ark.) 1893-1942, 1914-09-16

For rent-Store opposite Hotel
Pines, AIT Main street. Good location
with low rent. Can get possession by
October !. Apply to Cleveland-Ma'-
theWs HdW. Co. II
Pine Bluff daily graphic. (Pine Bluff, Ark.) 1893-1942, 1914-09-16
Al MurfrneSboro.

Murfreesboro, Sent. ID Loca loXj
-? votes Hays 100 Kinney "a, aog-
an s; Act No. TO- 102. against -:
Mt NO. ), for II, against IL; Amend
lent No. ii, fol 5 against 81: No.
Is, for 50 against 20; No. IS, for 90,
against 81.
Pine Bluff daily graphic. (Pine Bluff, Ark.) 1893-1942, 1914-09-16

HENRY ROBERTS & c., Fire In.
surance. 1913 IL w. Ind Ave. Phone
VIZ. 2-25 Il
Pine Bluff daily graphic. (Pine Bluff, Ark.) 1893-1942, 1914-09-16
Franklin County.

Ozark, Sept. 15.-Returns coming IN
slowly. Hays far ahead; prosecuting
attorneys race close, Benson, 493.
Roberts. 452; representative, Nixon
600, King, 735; Hudson, 473. Bal
sGce big Democratic majority.
Pine Bluff daily graphic. (Pine Bluff, Ark.) 1893-1942, 1914-09-16
Promoting Storage Plans.

Dallas. Tex. Sept 15-The Dallas
Chamber of Commerce is taking an
active part in the campaign for more
Pine Bluff daily graphic. (Pine Bluff, Ark.) 1893-1942, 1914-09-16

Fall is here. Gst that Detroit
Jewel or Reznor Heater right now at
Cleveland Matthews HdW. Co. tt
Pine Bluff daily graphic. (Pine Bluff, Ark.) 1893-1942, 1914-09-16
Newton County.

Jasper, Sept. 15.-Eighteen Of rs
townships insure entire Republican
county ticket elected. Ten townships
OF 26 give Reed, Democrat, for circuit
judge, 249, Worthington,> Republican,
AIS.
Pine Bluff daily graphic. (Pine Bluff, Ark.) 1893-1942, 1914-09-16

\ O. 10, 90 for % against; Amend nent
No. Is, 81 for, SO against.
Pine Bluff daily graphic. (Pine Bluff, Ark.) 1893-1942, 1914-09-16

Oh, you cal0mel, ges Oat OF tine way
and let Liy.yer-lax do the work.
Purely vegetable. Ask BedelPs Phar.
macy. S-T"F-tf
Pine Bluff daily graphic. (Pine Bluff, Ark.) 1893-1942, 1914-09-16

On the case, went out of office and
was succeeded by Paul j. Celia, the
Democratic NOMINEE. who refused to
issue license after Tie county had W.
ed wet by a good majority
Senator E. F. Fr1edell then had a
bill passed in the legislature to p'o-
hibit the sale of liquor within ~
miles of the high school building in
Texarkana, which killed the liquor
question at TeXarkana for the time
being
Both Celia and Friedell were over
whelmingly defeated fer recollection in
the primary by Miller county voters,
indicating that he majority If peo-
pie did not favor their stand on tne
liquor question. celia was defeated
by Tillman ParJA. fLewisville for
prosecuting attorney for the Eighth
judicial district not even carrying lis
home ward in TeXarkana.
Friedell was &C nadidate for circuit
judge and was defeated by George r.
Haynie CT Prescott.
The vets CT Mile county now hold
- hopes Of having the
bill killed IN the legislature and claim
they can easiy obtain a majority
under the Going act to open saloons
in TeXarkana January l. 1915.
Nevada County.
Prescott, Sept l'.--Eleven preein-
cts out Of tweniy-one in this (Neva-
DAD county give Hays 943, Kinny 170,
Hogan 1923: Act No. /. for 1872, against
1917; Act No. 3, for 292. against sos;
Amendment Nc. =. for 396 against
sos; Amendment No. Is, for 1872,
agalns, Gil; Amendment No. 16, for
io5, against III. The race between
Mum tDemocrat) and Holloway In-
dependency for sheriff is clos
vote with six boxes to hear f-'o,7,
stands: Mum 962 Holloway, SO.
Fulton County.
Mammoth Springs, Sept. 15.-The
| indications are that the entire Demo-
| cratic ticket will be elected in this
| FultonD County, though probably
| close for sheriff between Rowden.
Republican and Bassham, Democrat.
| The vote is light.
At DermGtt.
Pine Bluff daily graphic. (Pine Bluff, Ark.) 1893-1942, 1914-09-16
At DermGtt.

Dermott, Sept. -5.-Thls township
as follows: Act !, for 126, against
IS; Act 3 for a, against Z Act IA, for
1871, against Z Act Is, for 1871, against
I; Act 10, for 1872, against 10; Act 16,
for 1923, against IA; Governor Hays,
81, Kinney As, Rogan 3; road tax AL.
against 3. Only 154 voters out OF 375
cast
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-07-24
DAIRY PRODUCTS MARKET.

butterfly. 2aai,y butt, s., !. Sss ,S.r
5av IA This makes butter higher thsn
It was at the same time last year snu H.
Ter II was tho hope OF the trade that prices
Nouli be held equal 20 last yea, BUY the
s snG ma ,@i os low prises and as rule
G The trade i' does not IKE the, packages IN
nav a little more for American made stock
The firm feeling yesterday eNtehuei oNe,
s!adss, ~nf Rs.k'n nor ,G'N c s9aa
- zoe nrsts ?ta +5,se. seronds ,b ~ 5sst
= - :i'sc Good to prime :i92ee. common ~
10 fair. 50a .3c.; process. extras - z
Imitation init NJ creamery hrs;. ais ::c ladies
current make. nrsts, s9'a q &c se.p3hu9.
ls ;Oc FaeA22s 'oef is,, 40 Sl,d L lii o%ei
chEpsE-Trs .S ys ,ss good y y'";sE Sm.
dssiers reported sales above quotation
while others found T. aieg ~ 10 mose D sioSK
skl 1uO'a were slow Prices; state, whole,
milk, fresh, white and solored specials; ~.
dsisies, ita'i5no; State, skim, fresh spe-
e1s P Tsoep 20 rare are so poor tina,
TO get good eggs 1t was necessary 20 cahd
s sen KEN. TSere was an advance o. ~. on
all good stock, Even cheeks anu s'I ~,
making MAX p he best gfsde, :aisc.. with. ne
nrospeSt OF their advancing because OF the
strike OF the egg eandsrs Wnch hs Sa ths
current receipts cannot he csndled. Heathy
es remain So ,s rr's Extra
f{s' r.e ss' arstsa 81 a sc; dlrtes NO I,
ISL: 10. :, loQl7c.; checks. lsqis,,s
seeonds' s?is Ss3tac.; Pennsyivania AVID
nearby hennery whites :tg s9si, henherS
orI IIVa; +Pf95t-iLrRYmMarkst yesterday no,
50 nrm on broilers ana on ttine r Sn
fowls toT SIPasf, T WA, sss and
down dow ~ 10 zoe. Best fowls could be bought
ns lever v ,hs" !. she sl RT'y 6i
STOCK unosded and ears n Sy Expo! 70 n
Isl tG ,%rKeY 80 fxea n Is tile ducks
| lie: Long Island spring. i7s.; geese, 10 9
lic,; guinea fowls pair SOC see'' pigeons
DRESSED PoULrRY-There was little
/ what large size fresh killed fowls we're on
/ the market we're purchased readily, whhe tne
smaller fowls sod very s9%E nv Ws,tsrT
/ Lroilers show considerable Eregularity ana
the range IS wide enough TO take In Al
sunny. hut sufficient 10 meet the demand
Frozen roasting chickens and fanhGX yS ,h.,
tom turkeys Were IN noS nep moved sioWiy
| Prices follow; Fresh Killed turkeys ~
c RToS aos f FnMi Western an' boxed
he: under 80 lbs, i?a giso In barrels
i7isc. western and, southern, poor. 10
lac Ducks, spring Long lsisnd' iSs,; os Ola
white, 10 lbs. TO don. t375. lbs, rs
Froisn-Turkeys. small w s.., selse'. =
bex milk FED fancy. IS 10 ~ lbs, isa isc
corn led lsal7c Chickens milk. fed. 81
to 90 lbs 20 dozen. lec;. corn fed, te
| Fowls, western, boxed, a. lbs, and over e
dos., ielsc.: 80 TO IS lbs. la9lio-t ole
ROSTERS i2Hl2hc.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-07-24
UNCLE SAM IN DEBT
FOR S2,916,2O4,914
He's a Greater spendthrift
Than the States, Which
Owe $l22,796,525.

WASHINGTON, July 2s,-The full report
on national and State indebtedness and
funds and investments from 1870 TO 1919
has Just been issued by Director William
j. Harris Of the Bureau of the Census
Department OF Commerce.
According to this bulletin tho total
debt of the forty-eight State governmt nts
on Juno 80. 1913, amounted 10 SAFE. s96,
525. OF this total 1856 $50 repre-
scented funded debt and sl9,429.958 rep.
resented floating debt. OF tho funded
debt s364.s36,427 Is represented in bonds
and S3s,530.l42 is special debt obligations
to public trust funds.
As an offsetting item against this to-
tai debt the forty-eight States reported
s76.9sO,51l In sinking fund assets, leav-
ing their debt (less sinking fund assets) 3.
}345,942.3 05. The per capita debt for the
forty-eight States amounted to 1857 on
June 80. 1919.
In contrast with tho debt OF the forty
eight State governments tho national
Government had total debt on June 80,
1913. Of $2,sl6.20i.sl4. or this total the
funded debt amounted TO s2,5i0.523.3;s,
while the floating debt amounted TO s375.-
6Sl,jSJ OF the funded debt the bonded
indebtedness amounted to sg67,S66. 100,
while the special debt obligations
amounted to Sl,b13,l57,l69.
The sinking found assets, or cash IN
the United States Treasury available for
the payment of debt, consisting of accu-
muiated trust funds gold and silver and
general Treasury cash, not only vera
sufficient to eliminate entirely the special
debt obligations but also 10 reduce the
bonded debt The national debt less cash
in the Treasury available for the pay
ment OF debt amounted 10 only Si,O2S,-
$4,000, or a per capita debt of Sl0.59.
The net debt of the national Govern
ment represents three times the total net
deb. of the state governments. OF the
total per capita debt of Sli.l5 (natlonal
and State) the debt OF the national GOV
eminent is sl0.59. or 20 per cent, while
the debt OF tho State governments
amounts to 1851. or 20 per cent OF the
total.
The figures in the report show that Ari.
IONA and Massachusetts arc the only
States where the state debt less sink
ing fund assets amounts TO more pei
capita than sl0.59. the per capita deb
for the United States. Tho debt OF tbs
national Government therefore, is
greater financial weight upon the people
of every state in the Union (exceptinl
these two) than Is the debt OF the stat,
IN which they live In only very smal
number of states does the per capits
State debt amount TO one-half the pei
capita debt OF the national Government
New York, for example, has a pei
CAPITA State debt of s9.05. due largely
to the cost OF the Erie Canal. while othe
states show q very low per capita DEBT
for oregon II being only 5000. for Kansas
SO.l4. for Iowa s0.l6. for New Jerse!
/ SOFA while for Pennsylvania II Is moth
/ ing. since in that State tho sinking funC
assets exceed the total debt
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-07-24
MANY RAILROAD
BONDS IN DEFAULT
Total Reaches S551.000.O00,
Exceeding All Records Since
the 1898 Panic.
FRISCO HEADS THE LIST
It's Full Amount Is S195, O45,-
500, With Rock Island Sec
ond at S71,353,5OO.

According to statistics prepared by the
Wall Street Journal the securities on
which the railroads OF the United states
are now IN default total 1851. 900. 900, or
more than half the amount of railroad
securities sold within a year. Never since
the general reorganization which followed
the panic OF 1898 has this country seen
10 many railroad bonds in default
The list Of railroads which have de-
faulted on their obligations is headed by
the st. Louis and San Francisco. With a
total OF defaulted securities aggregating
slgbOi5bO0. II the defaulted obliga-
tons of the Chicago and Eastern Illinois
were added TO those OF the Frisco the
grand total would amount to 1920, 100000
The Chicago. Rock Island and Pacific
Railroad comes next, with sfl.S53,5o0
collateral trust I per cent bonds In de-
fault. with the Poro Marquette a close
third, with more than S65,o0o.OOo OF Sc
curities already defaultcd and the prob
ability that 100000 moro OF It's obli'
cations will be added. the interest oil
which In unpaid.
The Wabash -Pftfsburg Terminal has
never paid any interest on It's $40, 600, 00C
second mortgage -. although the rate be
came a fixed obligation in 1910. II de-
faulted also on It's $50, 100000 first mort
gage 4s in 1908, making the grand tota
OF defauited securities OF that system
| $40 100000 The Wabash has SAX .0O(
of defaulted securities and there are ter
other roads which are paying no interes
| ON bond or note obligations smaller thar
those quoted above.
II is probable that before the close o
the current year other defaults Will toi
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-07-24
Rock Island Railway Bonds.

The decline IN the forty year a. and de-
benture rs OF the Chicago. Rock Island
and Pacific Railway Company has aroused
various discussions regarding the effect
upon the position OF these bonds OF the
failure OF the reorganization plan. On
this point the Gibson market letter con-
tributes the following: The railway
company, ~ pressed for money. could as
sess the common stock regardless OF who
owns 1t or whether or not Il Is deposited
as collateral In short the Chicago, Rock
Island and Pacific Railway Company
must be considered as corporation
standing alone. In no way interested or
affected by the affairs OF either the rail-
road company or OF the Rock Island
Company. SO considered, there is no good
reason TO expect a receivership or any
default on interest on the per cent. de-
bentures or any other direct obligation
of the railway company" This is an un-
usual suggestion. Apparently tho infer
ence Is that tho stockholders of the rail-
way company would submit to an assess
rnent without receivership proceedings, or
in other words II necessary tho stock
holders could be persuaded TO put up
money to protect the direct obligations
OF their company.