davidaulloa/AmericanStories huggingface dataset:
The Washburn leader. [volume] (Washburn, McLean County, N.D.) 1890-1986, 1914-10-16
LOCAL NEWS

Bring your eggs to j. w.
Mangan, Washburn.-Adv.
A car load of potatoes was
shipped from here this week.
Graduates Of Mankato Com
mercial College, Mankato, Mimi,
have paying positions awaiting
them. Send for catalog.-Adv.
The Washburn leader. [volume] (Washburn, McLean County, N.D.) 1890-1986, 1914-10-16
Ohb one more week

in any period Of the same
length in our history.
But everything must end
sometime and next week is
the last in which we can
sell watches on the club
plan.
II you are not the owner
Of q high grade watch Of
late design come in and
let US show you one OF
The Washburn leader. [volume] (Washburn, McLean County, N.D.) 1890-1986, 1914-10-16

i'm which you can buy a
high grade South Bend
Watch on our club plan.
This Is the most liberal
watch offer ever made in
this city.
During the few weeks it
has been open, we have
sold more high grade
watches than ever before
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1914-01-08
STORMS SWEEP
PACIFIC COAST
Easements Flooded and Car
Service DemOralized in {
Oregon

Seattle. Wash, January THE Pacific
coast, from San Francisco to British
Columbia, was flooded today by storms
which have continued for 10 DAYS, and
which have extended well inland.
Easements are flooded, sewers blocked.
street car service demoralized and streets
torn up at Astoria. ore. Twenty vessels
are weather bound in that harbor ur-
able to pass the high surf on the bar.
The precipitation there since last Sat
urday has been almost nine inches.
Nearly six INCHES of rain has fallen
at Tacoma. causing damage over wide
area. Railroad traffic has been DC
layed.
A high wind brought a temporary ldll
in the storm at Seattle and repair crews
Immediately began to remove the tangle
of broken telegraph and telephone wires
which has delayed transportation. House
movers here are shifting dwellings threat
ened by mud slides, to safer ground
More than nine inches has fallen al
Aberdeen, Wash, since Saturday. and
lowlands over wide section of western
Washington are under water. 1t has been
impossible to estimate the damage in that
section Mud slides are holding up trains
in several isolated places.
The storm reached northern California
today.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1914-01-08
SUFFRAGE MARCHERS
REACH ANNAPOLIS

Annapolis. Md, January THE lit
tie band of suffragists who began a
2Smile march from Baltimore yester-
day morning arrived here today. Dele
gate Cyrus Cummings. regarded as an
opponent of woman suffrage, present.
ed the suffrage petition and letter
which they had brought at tho OPEN
ing session of the house OF delegates.
Business virtually was suspended
when it became known the army was
approaching. Throngs lined the street
along the line Of march and cheered.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1914-01-08
SCHOOL TEACHERS
LEAVE THE CAPITAL
Conference AdjOurns After
a Most Successful
Session

Montgomery, January 7.-tSpecialD --Bet-
ter school supervision was the principal
topic under discussion by the county
superirtendents Of education at the second
days conference of state educators yes
terday morning.
One of the features of the day was an
address by the governor, who spoke fol
an hour on some Of the education needs
of the state. The governor recommend I'd
local taxation for the support of public
schools, and SAID that the state could
never hope to take its proper place among
the other states of the union until this
method was adopted. He was given cl Sc
attention throughout his address.
Frof. j. j. Doster and Prof. j. S
Thomas, both of the University, lead the
discussion on School Supervision and
made many recommendations looking t.
the Improvement of the system
Among other subjects discussed were
local taxation, compulsory education and
ether important questions relating to tbs
betterment of the states educational sys-
tenn
he conference adjourned yesterday aft
ernoon
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1914-01-08
ORDER SERVED ON
DORA OFFICIALS
Until Court Can Pass on
FriscO's Petition

A restraining order was served on Fl.
B. Gruvelle, mayor of the town of Dora
by Deputy United States Marshal j. "
Coker, preventing the officials of the town
from enforcing a recent ordinance regu-
lating the speed of trains running through
the town. The restraining order was is
sued at the request of the St. Louis and
San Francisco Railway company, which
filed a petition in the United States court
few days ago, alleging the mayor and
aldermen of the town had passed an or
dinance prohibiting the running of trains
within the town limits at greater speed
than six miles an hour. This, the rail-
road contended, was an undue interfer-
ence with the running of trains and was
unjust and unreasonable, and asked re
lief from the United States court. The
officials of the town were stopped from
enforcing the ordinance until the court
passes on the merits of the case. They
have 20 days in which to file answer "a
the restraining order.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1914-01-08

OF August. 1911. For the 212 furnaces &C
tive January ]. including furnaces banked
which resumed January 2. the capacity
figures, based in part on low December
performances. were &C, los tons a day,
against 22l furnaces and T,6s6 tons day
on December /.
Pig iron markets all report greater &C
tivity, but prices have been the lowest
seen on the present movement. They are
plainly drawing buyers into the market.
Euffalo in particular has been a center of
weakness low as ST. having been done
on No. 2 iron. A good many large foun-
dry interests have bought in the past
fortnight are In the market, and 1t Is
the broadcast buying In many months.
Pipe interests are negotiating. one inquiry
being for $4,000 tons. Southern basic has
sold at $40 80, sales of 1900 tons being
made to an Ohio river company on south
ern No. foundry iron; and s10.75 is the
low price reported from several northern
CeuterS,
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1914-01-08
CAN A MINISTER
BE A SENATOR?

Annapolis. Mr., January THE right
of clergyman to hold a state senator
ship was questioned in the upper branch
of the general assembly today. Frank
e. Williams was not allowed to quail
ify pending the result of an inquiry
into his right of the office because
of the constitutional provision that no
minister or preacher of the gospel shall
be eligible as senator"
Mr.. Williams said that he was no
longer a minister. having resigned and
his resignation having been accepted.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1914-01-08
Sentiment Better

Pittsburg, January 7.-tSpecal)-The
Iron Age will say tomorrow there is no
gainsaying the spread of a better senti-
ment in the iron and steel trades in the
first week of the year.
1here.is evidence that under the small
buying of a good many weeks needs have
been accommodating and January buying is
expected to turn the tide in untitled orders
which steadily ebbed all through 1918. Our
pig iron statistics for December reflect
the sharp contraction in output last
month. The total was 1885, cor gross tons,
or 6SS97 tons day against 1928, 6O3 tons
ia November or 74,453 tons a day 1t
was the smallest month output since that
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1914-01-08
Another Incident

price.
Another Incident
Another incident of recent financing was
mentioned by Colonel Trout to illustrate
the point he was making. He called at
teltion to the testimony which was given
by President Rea of the Pennsylvania
Railroad company before tie Massachu-
chusetts commission at a time Wheh tue
New Haven Railroad company was ap-
plvinp for permission to issue debentures
unoer a contract which had been made
to J. p Morgan & Co. President Rea
testified that in 1903 the Pennsylvania
railroad stock was selling At about 40
Tie managers of the company We're salts
fed that if the company offered IT'S
stockholders new stock at 30 the stock
holders would jump at the opportunity
to take the entire offer.
But it so happened that on the day
this allotment of new stock was made
there began a depression in the securl-
ties market not only in the United States,
tut in the world. That depression az
feeted the Pennsylvania stock, for 1t de-
olined continuously until 1t touched as
low a figure as 125s
That was a condition which sput the
managers of the PENNSYLVANIA at their
wits end. Ninety million dollars was
needed. and it was vital that the COM
pany know at once where they could
get the money. They put themselves IN
touch with bankers who could perfect an
underwriting syndicate. In a few hours
the contract was made by which this
syndicate agreed TO furnish the Pennsyl-
vania 500 600 900 at 21b PEI cent commission
and the Pennsylvania company was very
GLAD to close the bargain. The stock
holders did have the chance to take this
entire issue, but for the most part they
declined, and If the Pennsylvania had
not found an underwriting syndicate 1t
would have faced very serious situation.
Some reference was mace by colonel
Prout to the so-called popular subscrip-
ton of city bonds conducted by Mayor
Elankenburg of Philadelphia. The point
was made by Colonel Prout that 1t is
highly expedient for municipalities, for
the states and for the national govern
ment itself to teach the way by when
there can be sure marketing of securities
directly with the public. thereby saving
conditions. If municipalities and the
states can after sufficient test show how
this can be done, then the railroads Will
he fully justified in making the expert
n ents Colonel Prout is inclined to doubt
whether municipal bond auctions are IN
re ality as successful as some seem to be-
lieve.
II is a fair Inference not only from
Colonel Prout's statement, but also from
his manner, that he is strongly lhciiheu
to doubt whether the time has come
when the railroad companies OF the
United States may with certainty OF find-
ing the needed and successful markets
make offerings of their securities to the
public If it, is doubtful whether that
can be done, then it may be that the in
terstate commerce commission will ma
that there is no force in the argument
that we're the railroad companies to mar
ket their securities directly, thereby saw
ing commissions and bankers fees, they
would not be compelled to ask for an IN
crease of rates
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1914-01-08

ness pending in the New York district
amounts to from 1900 to 20.Oo0 tons
There is a very decided inquiry and
actual new business in nearly all kinds
of finished materials, Contracting, es-
pecally for steel bars in the central
west, has been heavy for the first and
second quarter. The general policy OF
the bills is conservative, and the rule Is
to ask 81 more for delivery in the second
quarter than in the first. Gradually the
lowest quotations which nave been made,
such as 1.15c on plates, shapes and bars
for early delivery. are being withdrawn,
sheets show considerable increase in firm
ness as the result of greater demand.
There is a much better tone in the wire
market in which an advance in prices Is
piCbable
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1914-01-08
Rhodes Scholars Named

Princeton, N. January An
nouncement was made here today that
two more Princeton undergraduates had
been elected as Rhodes scholars from
their home states. which brings the
number of Princeton appointees up to
four as a result of the fall exam
nations. The new men are Gilehrist Il.
stockton of Jacksonville, Fla. and Milo
Lee March of Goshen. Ind.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1914-01-08
MORE DEVELOPMENTS
IN DEROSSETT CASE

Chattanooga. Tenn. January 7.-lSpe-
cial.) -Further developments in the lits<
CATION resulting from the partial destruc-
tion of the Derossett Hat company by
fire and the arrest Of Sampson Derossett,
of arson. resulted today when II suits
were filed in circuit court totaling $1,000
against the insurance companies In which
policies were carried. Plenary damages
of % per cent of the amount are also
asked as allowed under the state law.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1914-01-08
CLARK LEAVES TODAY
ON PEACE MISSION

Boston. January REV Francis h.
Clark, president and founder of tlie
Worlds Christian Endeavor union. will
sail tomorrow, for ITALY on his seven
teenth< foreign journey in the interests
OF the movements Five of thesas jour
neys have been trips around the world.
DR.. and Mrs Clark will attend
Christian Endeavor conventions In
Spain. France and England
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1914-01-08

c. M. Trim of Kennedy was arrested
by Deputy United States Marshal J. w.
Smith on two charges. He was indicted
by the federal grand jury for an alleged
violation Of the bankruptcy act and OF
perjury in connection with the same. He
was placed in the Walker county jail
on his failure to make bond.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1914-01-08
SUFFRAGETTE HIKE
ENDS AT ALBANY
Obtain Audience With Gov.
Glynn and the FOots0re
Marchers Are Happy

Albany. y. Y, January The hike of
New York suffragettes ended here today
and tonight some of the IL footsore
marchers rested at local hotels. others
returning home by train They obtained
their audiences with Governor Glynn and
their respective assemblymen today in the
interest of the cause" and tonight all
were happy. though weary.
Three mixers. General" Rosalie Jones.
Colonel Ida Craft ana Corporal
Martha Klatschken walked the entire 166
miles by road in the six days and a half.
They slept only so hours, they said, dur
ing the journey.
II don't want to make the hike again
this year." General Jones said as she
sank into a chair in the assembly cham
Der. I'VE shall march next year, how
ever. and every year thereafter until
women are granted suffrage
Governor Glynn received the suffra-
gettes late in the afternoon. Miss Jones
carried a lighted lantern into the ex-
ecutive chamber,
nor.
Looking for Honest Statesmen
TIM looking for an honest statesman,
replied the general laughing.
The governor appeared loath to accept
votes for women button that Gem
eral Jones pressed upon him, but the solid
array of women forced both the gov
ernor and his secretary to accept badges.
He did not commit himself on the suf-
frage question. The women told the gov
ernor they wanted a bill passed giving
women the right to watch at the polls
throughout New York state on election
day. More than 200 persons welcomed the
mixers at the outskirts of Albany on the
final leg of their journey. The Albany
Political Equality association escorted the
women with a fife and drum corps to the
capitol. In the assembly chamber the
women urged upon their individual as
semblymen the necessity of supporting
watchers at the polls bill They did not
address the assembly as 81 body.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1914-01-08
An Anecdote of Anthony Brady

Colonel Prout recalled an incident which
came to his knowledge which is asso-
oiated with the business career of the
late Anthony NJ. Brady. 1t appears that
p Brooklyn Rapid Transit issue of securi-
ties had been arranged for, bankers hav-
ing underwritten the issue at 2ia per
cent Mr.. Brady was persuaded that
the commission was altogether too great.
His associates of the rapid transit COM
lany showed him facts obtained from
financial history of recent years which
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1914-01-08
Railroads Contributed


Railroads have contributed to the gen
eral Increase In activity and tonnages OF
rails either actually distributed to mills
or practically closed are New York Cen
trail 10000 tons. about half of the re-
quirements for the year. Erie railroad. So,
600 tons; Laekawanna, $4,000 tons; Lehigh
Valley and New England, 1000 tons Tie
southern railroad is inauiring for 5000
tons additional. The Union Pacific order
for 5000 cars is regarded as practically
closed and the Glover Leaf has awarded
5000 cars to Haskell & Barker The Hook
ing Valley has ordered 1000 cars from the
Cambria Steel company
The Norfolk and Western has awarded
5000 kegs of spikes from the Republic
Iron and Steel company; the Chesapeake
and Ohio will close for 1000 cars this
week. and the Ralston Steel Car COM
pany has ordered 10000 tons of steel car
material
An illustration of how suddenly pig
iron production can change is furnished
by the figures for December when the
production was the smallest for any
month in the past two years and 253Sg2
tons less than for November. although
the total production of coke and anthra
cite pig iron for the year was the great
est on record. being $685. 767 tons. COM
pared with 29,S25,515 tons in 1872 which
was also record breaking year The
output of charcoal iron is estimated at
100000 tons, making the total output of
pig iron in 1918 about 30, 950,00O tons. The
outlook is that a further sharp decline
in production will take place this month.
number of furnaces are already listed
to blow out during the next few weeks.
Sold Tonnage Heavy
The tonnage of pig iron sold during
the past week has been very heavy. A
large part of the buying was the result
of extremely aggressive policies adopted
by some furnaces. especially those along
Lake Erie In some cases. on both foun-
dry and basic iron, the lowest prices
made in Is years were quoted
The United States Cast Pipe and Foun-
dry has entered the market for 60 900
tons of low grade iron. Although south
ern furnaces are somewhat .firmer, there
is apparently no doubt about a price OF
$40 SO for No being still made for first
quarter delivery by an important maker.
The Central Foundry company has pur-
chased 6o00 tons of foundry grades. The
General Electricfs inquiring for 5000 tons
of foundry and low PHOSPHORUS. Busi-
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1914-01-08
FIRST WEEK SHOWS
MUCHNEW BUSINESS
Feeling in the Trade Very
Optimistic
RAILROADS HELPED
Pig Iron Market Strengthened by
Numerous Orders for Rails and
Other Material-Inquiry
Is Brisk

Cleveland, o., January 7.-tspecial)
The Iron Trade Review tomorrow will
say:
New business far beyond expectations
and most encouraging developed during
the first week of the new year. While
1t is true that In the case of pig iron
extremely low prices have been made,
there is evidence that this buying is for
actual consumption and reason to believe
that prices will slowly advance, while In
finished materials new business was not
brought out by concessions from recent
quotations and higher prices are being
asked for delivery on leading products
after the first quartet of the year.
On the whole, the feeling in the trade
is far more optimistic than it has been
for many months.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1914-01-08
An Experts Opinion

One of the foremost experts in all mat
tiers relating to the construction or oper-
ton of railroads is Col. ii. G. Prout,
whose home is now at Swissvale, Pa.
Colonel Prout added to the high reputa-
tion he gained in the civil war by his
extraordinary successful military and en-
gineering service in Egyps, and in the
Sudan. After his return from Egypt he
was for many years the editor of the
leading magazine which represents rail-
road interests and is now at the head
of a large manufacturing company.
Colonel Prout in recent conversation
stated that were the interstate commerce
commission to grant an advance in rates.
although public opinion was opposed to
IL because the public believed, that need
Ell income could be secured were bank
ers' fees and underwriters commissions
saved, then the public would be likely
to lose to some extent its confidence in
hat is now the most popular and trust
Ell tribunal which has ever existed IN
this country, so that regulation itself
might thereby be imperiled.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1914-01-08

justified the belief tha7 the prices at
which the issue of securities would sell.
even If it could be foated without bank
ers aid. would be much lower than that
provided in the syndicate agreement. Mr..
Brady was by these precedents persuaded.
the contracts were completed and in the
long iun the rapid transit company prof.
tied greatly by the higher and sustained
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1914-01-08
Railroads See Advantage of
Selling Without Commits
siOns to Underwriters
WOULD MAKE LARGE
SOURCE OF INCOME
Recent Article by E. c. Simmons on
the Subject Has Attracted Un-
usual Attention by It's
Thickness
BY HOLLAND.

New York. January Especial In a
letter in recent number of the Outlook,
+. c. Simmons of st. Louis. the head of a
large mercantile house, refers to a pre-
vailing idea that the direct sale of Sc
curities of all kinds can be made an i'm
mediate resource of the railroads. and
will serve to. eliminate commissions and
bonuses which have in the past been
paid in neat sums to those who have un-
derwritten railroads or Industrial securi-
ties
Howard Elliot, chief executive of the
New Haven railroad system, in a pub
lie address recently spoke of the
prevalence of this idea. lie said that the
das' may come, after complete business
COZ fdence has been restored, when un-
derwriting commissions can be saved as
they ought to be if they can be. But Mr..
Elliot stated that a railroad must have
financial experts upon whose advice and
assistance they can rely just as they
must have engineering experts. For the
services of financial experts fair payment
can be made.
In Mr.. Simmons article 1t is asserted
that it probably would be good thing
were American railroad companies to en-
large the number of their share and
bondholders, but it is his Judgment that
it is absolutely impossible, except oecas-
sionally to market railroad securities
directly no matter in how small denomi-
nations these may be issued. For there
is always the doubt about the Willingness
OF the public to subscribe to issues of
railway or industrial securities, and if
the public should refuse 10 accept di-
dect offer, then that refusal would en-
canger the sale of these securities by
brokers and bankers.
Mr.. Simmons article has attracted a
5000 deal of attention., especially at this
time, in view of the fact that possibly
tie fliost serious of the objections which
nave been raised against the granting
by the interstate commerce commission
of an increase of rates to the eastern
railroads has been based upon the asser-
tlon that if the railroads would market
theii securities directly, not having an!
further dealings with underwriting syn
dioates or bankers, it would be unneces-
sary for them to ask for an increase in
rates.
Camas Prairie chronicle. [volume] (Cottonwood, Idaho) 1901-1917, 1914-11-27
Stock Market Report.

Following is a report of the
stock market at Portland for the
week ending November 20:
Receipts for the week have
been-Cattle, 1893; Calves, 43;
Hogs. 6796; Sheep, 5183.
This week marked a more en-
couraging outlook for cattle that
showed quality. Top steers went
at $3.50, very few sold below 81.
Cows did not show quality except
occasionally good stuff bringing
as high as $6.25.
Hog receipts continued both
liberal in quantity and strong in
price. Tops advanced from 81. 40
Monday to $7.55 Friday. Market
closing in excellent snaps, prices
higher than at some Eastern
markets.
Continued short receipts and
strong prices characterized the
full weeks market. Lambs sold
as high as $3.50; ewes at $4.65
and all other lines on the same
price level.