davidaulloa/AmericanStories huggingface dataset:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1915-04-28

J. P. Morgan e. Co., the First Ma
tional Bank and National City Bank
are Offering $4,000 900 of Atlantic Coast
Line general unified mortgage fifty
year a.. per cent bonds at S9A and
interest, to yield about 5.lO per cent.
The Cotton Exchange membership Of
Charles NJ Calhoun was sold at auc-
ton yesterday by the superintendent
of the exchange to George A. Hutzler,
of A. Norden & Co., for Sl3,500. The
amount previously paid for a seat was
$11,400.
Directors Of the World Film Cor
poration Yesterday elected George b.
Cox, of Cincinnati, Ohio, president or
the company to succeed Van Horn Ely;
George A. HUM, of Philadelphia. was
made chairman of the executive COM
mittee, and William A. Brady and Mil
ton c. Work were chosen directors.
Joseph /. Rhinock was elected an add
tional vice president.
The New York Produce Exchange
has elected the following nominating
committee F. 4. Ferris, A. V. Dayton,
s. c. Delevan, 7. Harris Story, +. W.
Burr, Alfred FltZroy, ). W. Duhlotth'
G.. W. Blanchard and II. W. Gladwln.
The Offices of l.. VI. Prince & Co. will
remain closed to-day because of the
death in the family Of one of the part
ners.
The report Of the Central Leather
Company for the first quarter OF 1913
gives an income after expenses OF
S9.32l162, a loss OF S4s5,54S from the
same quarter in 1914. Surplus earn
ings. after preferred stock dividends
of $3.50. 1872, were S3S4.4lS, equivalent
to 90 per cent on the S3S, 70l .031 com
mon stock for the quarter. The pront
and loss surplus as of March 81 was
sSI77.2il, an increase OF SS43, 1888.
Announcement was made yesterday
that the CRANKY Consolidated Mining,
Smelling & Power Company, Ltd,
would offer to stockholders in the near
future $4,000 geo convertible per cent
bonds, secured under its nrst mortgage
dated May /, 1918, due 1928.
The annual meeting OF the New forS
State Savings Bank Association VIII
be held at the BIltmors on May ".
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1915-04-28
GRAIN IN OTHER CITIES.

puluih. Ap-n 2i.-WHEAT-No !. hard. ,ls3h
No / Northern. 81 63a. May. sl.6la..
Nrilvsukee Aphl q -wHEAT-No / Northern
81 CisyI 6: 40 2 Northern. 81 5sstlsl: May
81 sia. CORN-No 3. yellow. &c; May. ;sc
BARIiY- Mailing 759isc.
Mime apois April II WHEAT-No /. hard
81 $50. 10 i. Norhern. ,tl5s', atl,s3h 30 4
10 s. yellow. 4 !. 972tc. oATs-No g. white
SIS @5%ci [LoI dt,, AND R MH4
ri rsS isi. export. 81 ssatiss; No North,,n
buuth. export 81 7o@sLi3 COkN-weak. " .
fellow. le..l, aeS4iiSGp 8AI5s-Loser' No ?
S.aS72j. spring susish;. {;.-jss7.5O.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1915-04-28
REIMBURSEMENT OF
marlborough Metropolitan Company

InIeIp0IOugI1'M6lIvPV IIldII UVIIIPa''y
W confirming s" a enable s; % so s:2 I'll. . s to s
a"ds {. COMPANY 2,s s ,nS
the Finance and d &C. c0 , s sa.
of %e" York. with which required , the pro-
a aS " , ~s the f
lent S NE s?s sHosn ss" s ': "s
ing from the and the LIQUIDATION of t1s two sGpl hat banse
s%; s . S5ss Fl: i
sss %%SS s'Ss s f: ,Ssss
o$ b s a s:; ss the aSn y S Sa "s s
n sS'm F b sSo1 ' xh paeeabs
a a I "! % oct s1 p should
could ts n.n ' as s sTP ssa the R period
1S s ,ss sms ~ s sy.n pt ' tho
ss Sss "s t9 '; ya '
fundamentally condition of the company ,. decreased
W'5H i last ; 555 as'.s ?ss s,
sS ss, oil tbs. 'ass s i sss da5 s sSs
the preferred stock with the
The % Y9s t4s sv s5s5 ;s sa s 5
Company after stock both preferred and
"d 5 s t ae the proposed ad
vantage OF the holders Of securities Of all classes
s,d 5f ' ; 4sssa.s ; vel: fo . h s Ike
Stock corpoion Law @ 9 will represented by cert
500 T to S Ss4 . ssa to @ gs'f
s T the S4s4sa . 'f "p
for the a ove i practicable
W.T. 49, h nrsir ~ the Of
Injecting la exrc double rights
This adoption the PROVIDED
which will be entitled
extent as though
bearing value -.
contamination OF this
Judgment the
the preferred DIVIDEND may
when the stock is relieved as now
@ the common stock viii nave
will placed situation 70 participate
itribui Of available surplus earnings
wholesome readJument OF
consolidated rebound the oene
fit O all underlying securities
II is intended approved shall be carried out without the nten
andw of commissions
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1915-04-28

TIE local market for spot cotton quiet and
N points lower on the basis Of 10 J0c for middins
upland Sales NIL.
Liverpool Cahles-Spot cotton. fair business doing;
sales 10000 bales speculation and export. 5000;
American 5000: imports. ~. 900: American, $1,000.
Mddnng upland. SID Futures opened Irregular
a. 1 Ia po!nts decline. closed steady at net
decline n 3 to points MAY June 5.s3d July
August 65sd: October November 5asd: January
February, ODD: March April. 607isd Man
chester-Yarns and cloths quiet but steady.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1915-04-28
Fort Worth Power and Light.

Earnings report Of the Fort Worth
Power and Light Company, controlled
by the Southwestern Power and Light
Company, shows an increase of 7 per
cent in gross income for March net
earnings were enlarged 10 per cent,
and the balance after interest charges
showed gain of p per cent over the
same month of last year Total gross
revenue for the month was S72,814,
expenses and taxes were reduced ST.
oil, and net revenue amounted to S42,-
500. For the twelve months ended
March 81, 1915, the company earned
S9OS,6s4 in gross, an increase of 20
per cent. and net income after oper-
ating expenses and taxes was s499,ll3,
or II per cent higher than in the pre-
ceding year.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1915-04-28
STEEL EARNINGS
Are STILL POOR
But the Quarterly Report
Shows Signs of Improv-
ing Conditions.

The prediction Of Judge Gary NJ the
annual meeting OF stockholders OF the
United States Steel Corporation last
week that earnings for the March
quarter would be poor was confirmed
yesterday in the statement showing
the detailed figures. While net earn
ings, amounting to $l2,a57,SO9, were
the smallest for any similar three
months in the company's history, evil
dence OF an upward tendency which
promises better things for the future
was found in the monthly reports.
January was the worst month on
record. with balance OF earnings
after charging off interest on subsidiary
company bonds of only Sl,687, l5O.
February showed some Improvement
with $3,63S.57s, while March almost
doubled these figures with $7,l32,OS1.
Last months earnings compare favor
they amounted to $7,997,433. The
total for the quarter. however, was
S5,536,572 below the previous year
Compared with the three months
ended December 81, 1914, the March
quarter WAS better by Sl,522,l74, but
in making this comparison it must be
remembered that the earnings of the
last three months of 1914 were the
poorest on record and could not long
be continued without serious conse'
quences.
Owing to an increase over the De
cember quarter Of Sl.1S5.324 in sinking
fund and depreciation charges the net
income for the March quarter was cut
to s6,6S4.573, a gain of only s339,3l5.
The balance available for dividends
sitter deducting the interest on the
Steel Corporations bonds and the
premium payable on the bonds redeem
able under sinking funds was S9l5,05S,
compared with s69s,637 on December
81.
The directors again faced the neces-
sity Of declaring the bulk of the pre-
ferred dividend out Of surplus yester-
day. The regular quarterly payment
Of 12 per cent, calls for a disburse-
ment Of S6,3O4.91 which left deficit
for the three months ended March 81
of $3.50. Sol, compared with deficit
at the end Of the December quarter of
s5,6O6,2S3. The detailed report fol-
lows:
Jan. rs. Feb. rs. Mlr.. IS.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1915-04-28

depreciation and eNtraordi-
nary replacement funds -. eo1 Isl
To sinking funds on L. s.
Steel Corporation bonds -. 1906 s5
5.7Ts2 pa
Net inoorn. .......................... .s.6si.573
Deduct Interest Tor the quarter
on L. s Steel Corporation
bonds outstanding. .......... So24.Se
Premium paysbe on bonds re-
deemsbc under sinking
- SIS
B,I,pc. ........................ 1915 .O5s
Dividend for the quarter on stock Of the
L. 8 Steel Corporation. viz: $1,000.
Preferred. Is. per ceni.............. eSotsls
undivided surplus, December 81. isit $3.50. SOL
The net earnings of the March quar-
ter compare as follows with previous
quarters:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1915-04-28
Texas Power and Light.

The comparative income account OF
the Texas Power and Light Company
for March gives earnings amounting
to Sl3O,571 in gross, an increase of 10
per cent over those in 1914; net earn
ings of Sl9,OS2 were A per cent
higher than a year ago, and after pay
ment of interest charges, etc, there
was shown balance of S24,255, an
increase of S16,172. Gross earnings
for the year ended with March were
81 ,64S, POI, a gain of S355,17S, equal to
nearly 81 per cent, and the bal ance,
after dividends on the preferred and
second preferred stocks, was S204,603,
an increase of Sl06,391 over the pre-
codipU year
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1915-04-28
BRIEF WALL STREET NEWS

J. P. Morgan & Co.. the First Ma
tional Bank and National City Bank
are Offering $4,000, 600 of Atlantic Coast
Line general unified mortgage fifty
year Az per cent bonds at SEX and
interest, to yield about DO per cent.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1915-04-28
PUBLIC UTILITY NOTES
General News and Earnings OF
Various Corporations.

Operating results Of The Southern
Utilities Company for March, as re-
ported by the Engineering Securities
Corporation, gave an income Of gross
earnings amounting to s8S,149. com
pared with SsO,275 in March OF last
year. while net revenue increased
from s13,71l to $22,7O5. Dividends on
the preferred shares totalled So,8Os,
leaving a surplus balance of S5,462,
which compares with deficit Of ST.
973 in 1914. In the twelve months
ended March 81 gross revenue was
81 .068.53l. an increase of 1888 per
cent, AMI the net income improved
noarlv 26 Der cent.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1915-04-28
s2.5s7.Ifs si.5Ii.o5s S.ooi.i3s

Bal q earnlIgs. IbhI,I3U S.b5N.5I6 t,IJ-iVoI
Total earnings after deduciing all expenses
incident Ia operations including those
for ordinary repairs and maintenance
The p ,absiaiary oompsniss DY'4' ,1s451 sos
Less charges and allowances for dspre
citation applied follows. VIZ
To sinking funds bonds of
suh.tdiarv ~ornnapics
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1915-04-28
NEW YORK CITY BONDS.

.In,.rcb.ns-,Sls registered or eOuSOa. fcouson.
SRsGiStefd-
The Columbia herald. [volume] (Columbia, Tenn.) 18??-1935, 1915-07-02
ENGLAND IN WAR,

Quick moving, alert and impatient
Americans are rather exasperated
over the slow way in which England
has moved since the beginning of the
great war. The delay in getting
troops to the front and the difficulties
about having a sufficient supply of
munitions of war are calculated to
make Americans impatient. The
BFiton moves slowly. When he sets
himself to task. however, he pur-
sues it with grim determination. He
is hard to arouse, but once aroused
he is equally as hard to subdue.
When one considers all of the diff
culties that England has faced and
calmly reviews what it has actually
done in this war the conclusion is ir-
resistible that the delays have been
more apparent than real. England is
the only great power of Europe that
does not enforce compulsory military
service. 1t is the only great Euro
pean power that has no standing ar.
my Of considerable strength. When
The Columbia herald. [volume] (Columbia, Tenn.) 18??-1935, 1915-07-02

the war commenced England had ESQ.,.
900 soldiers scattered to the four cor
ners of the globe. It was not prepar-
ed to equip greater number. The
people Of England did not want war,
the government did not desire war.
The very unpreparedness of the coun-
try is sufficient proof Of these state.
ments.
England has depended for centuries
upon its fleet. That dependence has
not been in vain. In this struggle
Englands feet has swept German
commerce from the sea, practically
destroyed that country's communica-
ton with the outside world, has safe
ly transported over million soldiers
to France bringing thousands from
Canada, Australia, and Australia. 1t
has transported the food and NUM-
tons of war necessary. 1t has safely
conveyed arms and ammunition to
Russia and has engaged in the reduc.
ton of the Dardanelles. The Brit sh
fleet has more than proven it's worth.
So far as the ships of Germany are
concerned, aside from the subma-
rines, they might just as well have
been sunk for all the good they have
accomplished.
England has with France financed
the war; Upon England has fallen
the great burden Of financing Bel
GUM, and Russia and Serbia and
must now fall the burden of provfd-
ing Italy with the sinews of war. Not
only that England has sent 10000
soldiers to the front and they have
fought with that bravery, the unyield.
ing determination, that tenacity
which are ever the browning honor
and glory of the English soldier. No
matter from what portion of the vast
empire they were drawn the Anglo
Saxons have sustained on the field of
battle the glorious traditions of their
race. Taking everything into consid
Grafton England's part in this war
has been altogether honorable and
creditable. And yet her vast resourc-
es are hardly touched.
The Columbia herald. [volume] (Columbia, Tenn.) 18??-1935, 1915-07-02
PROHIBITION.

Columbia's experience is absolute
proof of our oft repeated contention
that where prohibition is enforced
crime will be reduced and better or
der and peace will prevail No intelli
gent and honest man will deny that
there are fewer drunk men, there is
less open drinking and less disorder
in this city now than there vas ten
years ago, much less even than there
was two years ago. IN the past Two
years the laws for the prohibition Of
liquor have been pretty rigidly en-.
forced, better enforced probably than
any laws against misdomeanors
There has been no open sale of liquor
in the city in that time and the result
has been an appreciate decrease in
all Of the petty crimes. A real drunk.
en- man on the streets Of this city is a
mighty rare sight these days. The po
lice have been doing effective work
and they have had the hearty co. per.
alton of the sheriff and his deputies.
The sentiment of the people, is now
overwhelmingly behind law enforce
ment and we doubt If there will ever
be retrograde movement in this
community.
The Herald is sure that any COM
munity that will give the LIQUOR laws
that fair trial which they have receiv.
ed in Columbia will be absolutely con.
WINGED of the wisdom of prohibition.
Where the city officials, the police.
the sheriff, the courts and the court
officials are all cooperating together,
as they are in Columbia. for the exc
cution of the law, there is no Ques.
ton about the success of prohibition
Many OF the strongest opponents OF
prohibition in the past will now admit
that it has been a decided blessing to
the people of this community. 1t is a
pleasure for The Herald to Testify to
the zeal and efficiency of the machin.
cry Of this section in the execution
of the anti-liquor laws. or course the
laws are violated and always will be
until The millennium comes, but TO.
through the fault or failure of the of.
fcials to do their duty.
The Columbia herald. [volume] (Columbia, Tenn.) 18??-1935, 1915-07-02

Deep blue grass over hill and through
valleys watered by crystal streams has
always been the picture of the rural
life that has claimed the first atten'
ton.
Lovers of the beauties of rural Eng
land will be panied to know that
thousands and thousands of acres OF
blue grass sod are being plowed up
and sown to grain. The necessities
of the war have caused this, to the
eye of the lover of nature, dissertation
of the sod. That country must have
! more grain and the sod lands are be-
ing sown to wheat and barley and rye.
They will make more food than they
have made as pasture land.
Originally much larger proportion
of the arabic lands of England were
, cultivated than have been in recent
years. The farmers found that on
the cheaper and newer lands of Amer
lea wheat could be grown and sold
cheaper in England than they could
raise it. 1t was American wheat that
made English rural beauty to GER
tain extent. The farmers abandoned
the growing of grain and increased
their herds of pure bred cattle and
hogs and sheep. Their profits have
been much greater under the new sys-
tenn Now the cruel exigencies of
war are driving them once more to
grain growing.
Tennessee could be almost as beau
tiful, particularly in this section, as
rural England IL our farmers would
only cultivate fewer acres, have more
grass and more meadows. And they
would find the change to be most prof
table. There is growing scarcity
of cattle all over the world. No coun-
try upon the globe is better suited for
the production of beef and mutton
than Maury county We have the
soil and climate and water. Then
why not have the grass, instead of
soaring and outlying our once beauti
full hillsides with the plow?
The acreage of blue grass sod In
this county should be doubled in the
next five years. Farmers would find
1t not only profitable to raise more
stock but they would get an added
pleasure from the increased beauty
of the country side and they would in
crease their years upon earth by elm
mating considerable portion Of the
worry that comes from having to EN-.
ploy SO much triffling and irresponsi-
Bile labor to cultivate the lands.
While England is being forced to des-
ecrate its splendid blue grass sod why
not resolve to add to the value Of our
land by increasing our acreage OF
grass?
The Columbia herald. [volume] (Columbia, Tenn.) 18??-1935, 1915-07-02
TEACHERS ExAMINATI ans.

OF more than seventy veteran
teachers in Maury county who tool
the recent examination only one failed
to make the requisite grade. Of
ninety new and old ones who were ex
amined but eleven failed to pass. Ii
Rhea county just half who were exam
ined passed; in Warren county just
thirty-four out of seventy-six; in Nor
gan county every one failed and in
another county eight out Of fifty-two
passed. This should be most crafty.
ing to the people of Maury county. II
shows that we have been having first
class county supervision Only one
teacher in seventy licensed by the
county superintendent failed to make
the state examination. We doubt if
a better showing will be made in any
county in the state. While this is
most pleasing, it is not at all surpris.
ing for We have long insisted that
Maury county had the best county SUI
perintendent in Tennessee. There
may be others in the same class, but
we very much doubt it. These exam
nations have shown the value of an
efficient county superintendent, If
all the counties of the state had Ora
hams at the head of their school sys-
TENS the state uniform teachers ex-
aminations would be unnecessary.
The Columbia herald. [volume] (Columbia, Tenn.) 18??-1935, 1915-07-02
NO ELECTION NOW.

Designing politicians, having some
selfish object in view or desiring
some sort of an advantage, are re.
spnosible for the agitation for an
election this year for United States
Senator. No doubt the action taken
by the Rutherford county committee
last Saturday was simply the shrewd
work of some of the political manipu-
lators. We doubt very much II any
considerable proportion Of the demo.
Gratis Of Rutherford county desire a
primary or an election of any kind at
this time or during the present year.
The next senator from this state
will not be elected for nearly q year
and half. He should not be nom.
mated more than three or four
months before the election. The peo.
pie have not yet recovered from the
last election and the legislative ses-
sion. They are entitled to a little
rest. This is an "off year" ia politics.
We should keep it that way. There
is absolutely no call for an election
for the next year. Primaries will
have to be held before the elections
of next year and there will be plenty
of time after January l next to con.
slider that matter
Tennessee is election weary. We
have entirely too much politics. One
reason why so many little men
achieve political success in this state
is because we are always in political
turmoil The voters become weary
OF politics and they cease to exercise
that vigilence which is always and
ever the price of good government.
1t is to be hoped that the state CON-
mittee will not follow the mistaken
advice of the Rutherford county com.
mittee.
The Columbia herald. [volume] (Columbia, Tenn.) 18??-1935, 1915-07-02
RI VELATI0NS WILL
BE VERY STARTLING

! NASHVILLE. Tenn, July 1.-Har
ry Stokes this morning asked leave to
amend his bill applying for a receiver
SO as to make it immediate. The
leave was granted.
That ne is already discovering Sc.
rious discrepancies in the city books
was revealed this morning by Auditor
James Cameron, of New York, in a
statement to the city commission.
Cameron was asked if it would be sat
isfactory to him for the commission
to wait until next Tuesday to perfect
a contract with him for the pror osed
supplemental audit to extend from Oc-
tober, 1909 to October 1, 1913. He
said, i have already gone to work
on the supplemental audit. could
not wait after discovering the things
nave seen in my examination of the
1913, 1914 and 1915 books. If you
gentlemen have as much faith IN me
as have In you / will proceed with
the books, trusting to fair and salts
factory contract"
Mayor Howse, on behalf Of the COM
mission, thanked him and told him
to proceed with the work. The con.
tract win likely be ready at the COM
mission meeting next Tuesday.
The Columbia herald. [volume] (Columbia, Tenn.) 18??-1935, 1915-07-02
PRINTING LOCAL NEWS.

Papers in small towns and rural
communities cannot be expected to
compete with the city dailies in the
publication of general and warld
news. Nearly every one now takes a
city daily, The small town or city
paper must largely confiae its activi-
ties to the publishing Of the local
happenings. In that field it will al.
ways be supreme. That hes been the
secret Of the splendid success Of The
Daily Herald 1t nas made its place
secure by the printing ~ the hone
news. Its motto, eff you don't get
The Columbia herald. [volume] (Columbia, Tenn.) 18??-1935, 1915-07-02
OUR FIRE DEPARTMENT.

No doubt some of the criticisms lev.
elled against the fire department of
Columbia by the officers of the fire
prevention association are justified
but not all of them The members OF
that association are looking at the fire
department from prejudiced stand.
point. They are expecting the very
maximum of efficiency. Some of their
ideas are not practical. Unquestiona-
bly, the fire waste in this nation, es-
pecially in Tennessee is too great. 1t
should and must be reduced Much of
1t can be prevented by better con-
struction of our buildings. Everything
possible should be done to minimize
our fire losses.
At the same time 1t cannot be ex.
pected that Columbia, with a volunta-
ry and unsalaried fire department can
show that efficiency in fighting the
flames that is expected in larger cit
les. The local fire department has
made practical tests many times Of
It's efficiency. The members are loyal,
brave and aggressive. They have
saved the city from many serious
fires and that at times when the equip
ment was nothing like as good as It is
now. Our fire record. 1t is true, is
not an enviable one and should be i'm
proved, but we are inclined to be-
lieve that the test made this week
was not fair to the department. 1t
should not be judged by the results
Of that test That the fire mains
should be larger and that the by.
drants should admit of larger flow
Of water would seem to be PROPOSE
tons that would not admit of serious
dental These defects do not, how
ever, In any way reflect upon the fire
fghterA