davidaulloa/AmericanStories huggingface dataset:
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1915-05-15

Waterville, Me, May 14.-(SpeciaD.
What promises to be one OF the
hardest fought and most closely con-
tested track meets in the history OF
track athletics among the four Maine
colleges is scheduled to take place
Saturday on Alumni field, Waterville.
The teams from the University Of
Maine, Bates and Bowdoin arrived
late Friday afternoon and are stop
ping at the Elmwood. Everything is
now in readiness, even to the most
minute details, and with the weather
man forecasting perfect weather con-
ditions, there appears to be nothing
to mar the biggest athletic event OF
the college year. On Saturday all
roads lead to Waterville.
BY the "Dopesters"
According to the great majority OF
expert dopesters of the State Univer-
sity Of Maine will again capture first
honors, with Colby the runner-up
Even without the services Of the fleet
footed Charlie Rice. who, 1t is per-
sistently reported, positively will not
run, Maine is expected to present a
well balanced team which will prob
ably place we'll in every event. Col
by men, however, were never more
confident in the ability of their team
to come through and nose out the
contenders from the banks Of the
Saltwater.
Bates and Bowdoin are expected to
I'D y,1oo
though supporters of each of these
teams claim that either one Of the
down-river colleges has fighting
chance for first place. Unprecedented
dopesters, however do not expect Ell
Their Of the two to place heavily in
many events.
In the Sprints
With Rice out of the race, however.
Howe Of Colby cannot fail to carry
off both short dashes with ease. He
is in perfect condition and has train
ed all the spring with extreme care.
1t is understood that Howe will make
an attempt to break the worlds rec
ord in the furlong sprint and with
perfect weather conditions and good
track, this stunt does not appear en-
llToly lI1pOSSlDle. AZ I'LL eVeHIS tIOSc
who attend the meet are sure to wit
ness some phenomenal speed. Like
ly contenders for second place in the
dashes are Red" Ferrill Of Colby,
Captain Small Of Bates, and Laury
and Leacock of Maine.
The Distance Runs
In the quarter-mile run Colby men
are srnnortinp Merrill who took third
place in this event last year while
McWilliams of Bowdoin and Demp-
sey of Maine are expected to fight it
out for second place. Golden Of Col
by seems to be the one best bet on
the. half though King Of the Orono
squad and Crosby are considered dam
gerous.
In the longer distances. there will
be a merry fight for the mile between
Mark Thompson of Colby and Bell of
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1915-05-15
PROBLEM OF CREATING new INDUS
TRIES FOR STRICKEN BEL CUM

packing case makers and the transport
ways Of Holland over which the beets
and the manufactured sugar are car
ried. To meet the eventuality of such
conditions arising again in future, it
has been decided to cultivate at least
double the quantity of sugar-beet in
Holland and some Of the men thrown
out Of work have been employed in
planting the seed for the next harvest
AS a rule the Dutch sugar factories
deliver several hundred thousand tons
Of raw sugar yearly. From 20 to %
per cent Of it is sent in this condition
to England, the remainder being re-
fined in Holland, together with the
large quantities Of raw sugar gener-
ally imported from the other CONT
mental countries. England also takes
about 100000 tons of refined sugar from
Holland every year.
Another group of trades which has
suffered enormously through the wal
is that composed Of gold and silver
smiths and diamond workers. It was
found impossible to procure the nec-
essary metals for the fabrication OF
the innumerable souvenir articles SO
much sought after by tourists, while
those countries which are the best Gus
toners for trinkets-Belgium, France,
Germany and the Scandinavian nations
showed no desire to purchase what
are generally considered luxuries, and
there has besides been a lack Of tour
lists since the war began. Some Of the
factories found employment for part
OF their men in making brass buttons
for soldiers uniforms, for which there
has been an extraordinary demand ow-
ing to the calling out Of the Dutch
army. Some of the manufacturers,
however, felt themselves unable to put
the necessary capital into the acquir-
ment Of the machinery required for
this temporary work and consequently
the men were thrown into the ranks
OF the unemployed. The diamond set
tiers and polishers are entirely idle.
The building trades have probably
been hurt more than any other branch
Of industry by the war. Bricklayers
and their laborers, carpenters, masons,
painters. plumbers, and riveters can
find nothing to do. The contractors
have been prevented from carrying out
their contracts partly by the difficulty
Of obtaining materials. but the chief
reason of the slackness is the hesita-
ton of would-be house owners to give
orders for the erection Of residences.
Some Of the bQil6tnG socisties. founded
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1915-05-15
ASSOCIATED Press Correspondence

ASSOCIATED Press Correspondence
The Hague, Netherlands. April o.
Attention is being given in business
circles in Holland to the question of
the possibility of creating new indus
tries in this country and by this means
rendering the Netherlands more indie
pendent Of other countries in the event
I'm the future Of a similar crisis aris-
ing to that brought about by the pres
ent European War. Numbers of indus
trial men have taken the subject I'M
der consideration, but nothing definite
has yet been promised. The Dutch
people in most instances are unaware
Of the possibilities in the way of in
vestment in their own country and
generally place their capital abroad
instead of uniting in an effort to keep
money at home, where with proper or
ganiZation the returns would be just
as high as those they receive from for
eign investments, while the starting of
home industries would be useful in
providing work for their fellow coun-
trymen, who are sorely hit by crisis
such as that now prevailing.
Owing to Hollands dependence on
materials from outside, several Of the
national industries have for the time
being been ruined and those employed
in them have been thrown out Of
work. For instance, the sugar fac
tories and refineries, of which there are
80 in Holland, had been badly affected,
in the first place by the prohibition Of
the export of sugar beet from Ger
many. Austria Hungary and Belgium
and in the second place by the refusal
Of England to permit imports Of SUI
gar from Holland, owing to fears that
German sugar might come into the
British Isles in that way.
The Netherlands government also
forbade the export Of sugar for a time.
but later decided to raise the prohi-
bition and permitted the sugar manu-
facturers and reflners to export Is per
cent in the raw state and AZ per cent
refined, while retaining the other 40 per
cant OF the total In the country for
home consumption. England also
raised the ban on Dutch sugar after
receiving assurances that no sugar
from Germany should be sent over the
channel as Dutch. The lack of i'm
ported beets. however, caused many of
the factories and reflneries to close
down or reduce the number Of their
employees. who in all total 10000. This
state Of affairs in tho sugar trade
also AFFECTED other branches directly
eonnected With i, such IS sack and
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1915-05-15
FOUR Maine COLLEGES MEET
ATWATERV|LLE FOR GREATEST
ATHLETIC Event Of SEASON

Maine with third place doubtful The
two mile is generally conceded to
Pretti Of Maine but Levine Of Colby
and Wenz Of Colby are expected to
give him the race Of his career.
O'Brien of Colby, mile and 2-nile
champion Of Lawrence, Mass, may
spring a big surprise.
One of the best races Of the day will
be witnessed in the two hurdle events.
Despite recent stories of great speed
by French Of Maine over the timbers.
Colby supporters are still backing Cap
tain Royal to capture first in both
events as he did last year.
The Weight Events
Maine expects to win the meet by her
superiority in the field events, for in
these none of the other colleges are at
all strong, though Bates and Bow
dom are both stronger than Colby.
French Of Maine will probably take the
broad jump and Hutton and Williams
Of the same college will look after the
pole vault between them, though May
ers Of Colby will do well as long as
his weak ankle holds. Names big trio
Of weight men, Bailey, Allen and Gull
liver, will doubtless capture a majority
Of the points in the weight events. 1t
seems that Bailey cannot fail to make
new State and New England record
in the hammer after his long heaves
Of recent date. Leadbetter Of Bowdoin
and Joyce Of Colby and possibly STAN
wood Of Colby, should here carry off
a few points, but Maine will probably
get away to a lead which it will be
very difficult for Colby to overcome.
Coach COINS Statement
In an interview with the Colby re-
porter early Friday afternoon, Cohn Of
Colby made the following statement:
with her well balanced team Maine
should walk away with the meet, but
will get it in the field events. In this
statement before the big meet we have
no excuses to offer, no alibi to hand
out. With the exception of Mayors, the
pole vaulter, my men are in the best
Of condition and will fight, win or lose,
until the last gun is fired. Whatever
the other teams get tomorrow, they
are welcome to-
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1915-05-15

stock in case of failure Of the corpor-
alton to meet its obligations to cred
itors. With this general legislative
officially. Nor will the commission
at this time attempt to fix any rule
governing additional issues Of capital
stock by corporations already doing
business, when new stockholders must
share according to the number Of their
shares with those who previously ac-
quired their holdings under different
conditions. Another course may or
may not be justifiable in such instances
and will be considered when the ext
gency arises.
But we see no reason why, when a
new utility Is being financed and all
stockholders have an opportunity to
come In on the same terms, the certif1-
Gates Of stock should not mean pre-
cisely what they say. In other words.
should not speak the exact truth. No
one is then deceived. No one is in
doubt. The subscribing stockholder
knows that he has discharged his en-
tire liability, once for all time. A sub
sequent purchaser knows that the cor
poration has received full value for
the certificate he purchases. The pub
lie knows that the corporation has re-
ceived 80 much real value. The actual
value Of the assets Of the utility thus
keeps pace with the book value so far
as the business foresight and capacity
Of it's promoters and managers can
make It.
On the other hand, II the stock Is
sold at less than par, the balance sheet
Of the corporation is likely to be mis-
leading from the start. A bookkeeping
liability in excess Of actual value Is
created, and some fiction usually prac-
ticed to make the assets and liabilities
balance. This may. or may not. be
overcome in time by successful man.
agement and conservative practices In
the payment Of dividends.
In the meantime the stock changes
hands. Persons are induced to pur-
chase on the .aippostion that the real
assets are equal to the book assets.
Then, II q question Of rates arises and
is adjusted. as it must be, on the
actual value Of the plant, such stock
holders are likely to realize for the
first time that their stock does not rep
resent what It purports to represent.
This practice has accounted in large
measure for serious losses to innocent
stockholders. and IL persisted in now
that rates and charges are subject to
regulation, II likely to be even more
disastrous.
Nor can It be any real hardship to
require subscribers to the capital stock
OF new utilities to pay in full for their
stock. because they ara IN fact only
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1915-05-15
Boston Produce Market

bOSCUIIs 4OH1l
BEEF-Whole cattle u. @
BRAN-Spring 25Q255O. ~
BUTTER-Northern 2Ga; westeu
Q29. .a,a
CHEESE-New York twins 17qlS
CORNING. 2 yellow S6@a.
EGGS-Choice hennery and nearH
Is; western Ng23a.
FLOUR-Spring patents 790@SN.
+ HAY-No. I grade NQ2450.
Handspring 10.
I, MIXED FEED-H75Q3050. 49, Al
Y OATS-No. 2 clipped white 6l1 Al
4 PORK-Mediub macks 2250.
POTATOES-90@100 per two-bu.
new 550@575 per barrel.
y SUGAR-Granulated, 20 Dbl. lots
i VEALs-100l6.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1915-05-15

sometimes be issued without overrid
ing the statutes except for the Of
fees Of the Commission. This is tho
first case Of the kind that has come
before the Commission and the de-
cision states that though the specific
case embraces only a small CORPORA.
ton the principle declared will be held
to in all cases of the kind that NAV
arise in the future.
The decision reads in part az fol-
lows:
The Black Stream Electric Com
pany now proposes to operate in tina
towns of Carmel. Hermon and Levan+.
1t has not yet issued any capital
stock. acquired any property, or be-
gun construction. Its total author.
l1eo capital stock, all common, is ten
thousand dollars. It submitted caro-
tuily prepared data showing the ma
ture and extent of its proposed
operations, its probable cost Of con-
struction. income and operating ex-
penses. with population. density of
population, valuation. numbers Of
takers promised, and statistical COM
parison with companies now operat-
ing in similar localities in the State.
The evidence tends to show that the
company has a fair field for operation
and a reasonable prospect Of sue
cess. The petitioner does not expect
to offer its bonds for sale until it's
capital stock shall have first been
subscribed and paid in in cash.
It asks for the right to sell this
stock at less than par, at ninety.
While the petitioner did not strenu-
ously press this request. we feel that
this may be an opportune time for the
Commission to state it's attitude in
this regard. The fact that the peti-
toner Is small corporation and not
insistent upon this point might of it.
self appear to make an. extended
statement unnecessary. But it is the
first instance in which the Commits.
sion has had to act upon a request to
issue stock at less than par. and the
policy which we have determined
upon will be applicable to all cases
within the limitations hereinafter laid
down.
The law Of the State does not prohib-
it such stock from being issued and
sold at less than par. It is content that
stock 50 issued carry with it certain
liabilities of the Suhscrjhera, tn such
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1915-05-15

partners in the enterprise, and if all
pay alike they own the same respec-
tive portions of the entire plant.
whether ten men pay each nine hum
dred dollars or one thousand dollars
for one-tenth Of the ownership of a
ten thousand dollar corporation.
We think. therefore, that such stock
should be sold at not less than par.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1915-05-15
Chfeaao Cattle Market

Chicago, Ma!
HOGS-Receipts $4,000: strong ~
higher: bulk 765@7SO; light 75Sgt%,,
$50: heavy 775@7S0; rough 7SoVi~'
CATTLE-Receipts 1000: slow;
beef steers 6S0Q925; western stsssls6
7S5: cows and heifers 330gS'os
@925.
T6Q880; lambs 79O@1015.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1915-05-15
Peeping Tom Caught at castine

Castine was considerably excited
Wednesday night when a man was
seen peeking into window of the
dormitory at the Normal school. Con-
stable Vogel and Janitor Thomas of
the school were notified and together
caught the rascal, who proved to be
a sailor from one Of the barges load
ing there.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1915-05-15
New York Money Market

Mercantile paper 3l0l per cent.
Sterling exchange heavier: 6O-dav hills
Bar silver 80. ''''N''
Mexican dollars 3S3.
Government bonds weak.
Railroad bonds weak,
six months 50. " uass o.
Cali money steady: high 2, low II m,
ing rate z last loan 2. closing bid Il. or
~ - E08s - a.,
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1915-05-15
Bath Again Has Fire Department.

The mayors veto in regard to the
confirmation of the members of the
Bath Fire Department expired Thurs
day, and the role as approved by the
board of aldermen at the regular
meeting Wednesday, May 6. stands
for the present year, and comprises
the members who served last year.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1915-05-15
New York Produce M
New York

FLOUR-Quiet.
WHEAT-Spot weak; No.
No. 2 hard 1872 elf track; NO. notH
Duluth 1879 and No. northern MAJ
CoRN-spot easy; No. 2 yellow
prompt shipment. ,,.N
OATS-Spot weak; standard 5SsgSs;I
8 white 57a95S; fancy clipped whi"l
@6l.
PORK-Steady.
BEEF-Steady. .,,eor
LARD-Easier; middle west 96OgsN
BUTTER-Steady;r receipts 6s9c cfs.
cry extras, 80 score, "a: creamery NY
scoring 2Sda; firsts 26a2; seconds Is, A,s
EGGS-Irregular; receipts I.SS,
gathered extras 22aGS; storage ~
extra firsts 2A@22; firsts @fg1s:
packed extra firsts 2lig22; firsts -
nearby hennery whites fine to fanGl
L; nearby hennery browns 22G3.
POTATOES-Steady and unchangsA
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1915-05-15
MARKET REPORTS
NEW YORK STOCK MARKET.
Features OF the Days Dealings in A..
the Leading Stocks.

New York, May 14.-Anxiety over
the outcome Of the International sit
uatfon. more particular the tense re-
lations between this country and
germany was the all-pervadina feat
Rss q todax'a stock market, Prices
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1915-05-15
Chicago Produce Market

,i Chicago, Ms
Exb63k s6usiness apparently at z
still at the time on account OF unee9
ties gEUwing out. of the Americss
TO, Germany tended to bring az
toarp decline today in the pre-
SwhkA4xa The market closed unsesr
sH toll under last night. Other y
], g ~ oAts ! TO lt91A and pr0"
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1915-05-15
New York Sugar Market

New York, May
After early strength the raw hugTs
lures market eased off under light Y
Z dalton and the closing was easy
changed to a point lower. Sales SWf
May 1914, July 3941. Sept. 4N, Deci
Raw sugar quiet; centrifugal 4Ss; y
ses AZ: refined steady. ga
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1915-05-15
NO MORE WATERED
STOCK is THE ORDER

Continued From Page one)
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1915-05-15
Statistics Of Building Operations ii
New Enqland,

Compiled by the F. W. Dodge Company
New Britain herald., 1915-08-03
STRIKE AT GARvIN
 MACHINE cos PLANT
TOO to 500 Employes in New YofJs Quit work--Ask Higher Wages
 and Bight Hour Day

New York. Aug. 2.--Accordirs to| officials of the international Associa- ton of Machinists between 700 and} 500 employees of the Garvin Macljn6 company here did not go to work to4 day The activity of the union, onn. cials said. was in the interest of Ah eight hour day and fifteen per cent. increase in wages. They added that on Saturday last, George K. Calvin president of the company, had offered ten per cent. increase to the msa
 It was said the union oficialsllsVd gathered reports from the employet of the plant that the Garvin concern had obtained sub-contracts from fht E. w Bliss company of Brooklyn. fof tools to be used in the manufacture of war materials.
 J. J. Keppier, vice president of the machinists, left New York today foti Plainfield, N. J.. to confer with the machinists representatives there.
New Britain herald., 1915-08-03
FORMER TANK JOINS BRAVES.

Pittsburgh, Aug. 3.-Charles Meara, left fielder for Troy, joined the Bos- ton National League club here yes terday afternoon. Manager Wachter of Troy will play Jarman in left field until new man is secured from the Boston National League club in exchange for Meara. A cash consid- eration also will figure in the deal
 Meara played last year with the Perth Amboy club of the Atlantic League, then was sold to the Yankees who later turned him back.
New Britain herald., 1915-08-03
WhaIers Are Beaten.

New Haven, Aug. s.-New Haven nosed out victory from New Bedford at Savin Rock yesterday afternoon, to 5, before 55 fans. which included Jerry Connell, who has been be- queathed $500. Haddock and De- yinne were the opposing pitchers and Haddock frightened up when scores threatened except in two innings. De- winnie got hit in the second inning because of Haddock's inexperience If he had kept out of the way and told Soper to keep away, Somers would have caught Devinne's infield fly, but it-eropped safe between the three men. Pitchers should keep away from fly balls. Frasier led with the pat yester- day and Menosky was the leading run getter Score:
 r. h. e. New Haven ... .E0030O2O1*--6 10 0 New Bedford ... 3000OO020--5 12
 Batteries Haddock and soper; De- vinne and Philips.
New Britain herald., 1915-08-03
MAYER IS LOCATED.

Kansas City, Aug. 3.-George Te- beau owner of the Kansas City Amer ican Association baseball club, said today that Sammy Mayer. Kansas City outfelder, who failed to report last Thursday morning when the team left for Louisville and who was thought to have jumped to the Feder- al league, has been located. His whereabouts MT. Tebeau refused to disclose
 The club owner asserted, however, that in view of the temporary in Junction granted him yesterday to protect his players from being ap- preached by Federal League agents, he thought Mayer would be compelled by court ruling to return to the club
New Britain herald., 1915-08-03
LOOKING FOR GAMES.
Park City Club Wants Game With
 PiOneers-Have Excellent Record

The manager of the Remington Arms company baseball team of Bridgeport, called the sporting editor of the Herald today and stated that his club would like to meet the Pio- neers in this city during the month
 The above team is one of the fastest teams in the state and a game with the speedy locals should attract con- siderable of a crowd.
 The name of the Pioneer manager has been supplied the manager of the Park City team by the Herald.
 With such teams as the Remingtons and the All-Stars looking for games with Pioneers, the baseball fans should be able to witness some real baseball for the remainder of the season.
New Britain herald., 1915-08-03
MAKING CHANGES.

Louis, Aug. 3The Giants Idle here yesterday as the St. management, not expecting |of washday turnout moved |me forward and it was played
 as part of the double header. |ries will be resumed today and |1rsday the Giants will jump to 6ati for five game series, [1e to open a doub1e-header.
 Witch of Merkle to centre field
 Sinard to first is one of the Heal yet made by McGraw.
 Frs PhIllies and Brooklyn top-
 xc( (5raw still feels there is a
 f1ce to win the pennant, and is
 on every ounce of batting I<rass seems to have forgotten ever knew about batting and Est load on the team. As one |convinced McGraw that Brain Rs no outfielder, he did the next ping. which was to send his star lasenan to the outskirts and Hratnard at a position which 1ld play. Although Brainard 4ug under 200, he is doing well
 pfnches and won Sundays with a home run drive.
New Britain herald., 1915-08-03
.scHAEFER DAY" OBSERVED.

Chicago, Ill. Aug. 3.-Saturday was Schaefer day at the local Federal ball yard, and great crowd turned out in honor of the veteran of many seasons, who is a member of the Newark team, now playing here.
 The former Washington American League player was roundly cheered when he stepped to the plate for the first time. Friends in this city pre- scented him with handsome diamond ring. The home team won the open ing game, to 5, and the visitors evened up in the second affair.