The Green Forest tribune., 1916-01-14

 WIN IN GOAL SUIT
JUDGE MARTiNEAU RULES IN FA- VOR OF ACTUAL OWNERS
 IN SUIT.
IN COURT SEVERAL YEARS
Under Ruling of Court Cash Stock holders Are Given Priority Over Option Stockholders in All As
 sets of the Company.
Little Rock

Little Rock
 Chancellor Martineau handed down decree in the Arkansas Anthracite Coal Company case giving cash stock holders priority over option stockhold- CTS in all assets of the company as se curity for par value cash stock. Cash stockholders own about S150,000 and option holders of stock own $440,000.
 By the decree all stockholders gre ordered to turn their stocks over to President H. l.. Remmel who is order ed to stamp it across the face to show whether it is cash or option stock.
 The company owns 15,000 acres of valuable coal lands in Logan county. The cash stockholders filed suit to establish the preferred stock agree of Charles Mckee of Mariana and others against Remmel, Rose, Coffman, Patterson, Hove, J. E. Nichols, Brooks and the Arkansas Asthracite Coal Company. The option stockholders resisted and the action dragged along in the courts for several years, ending with the decree.
 The cash stockholders are scattered throughout this and adjoining states.
 Only $26,42746 in cash was in the state treasury at the close of business December 31, 1915, according to the fourth quarterly report of State Audi tor M. F. Dickinson. There was $828.92 in the general revenue fund, but this was quickly drawn out to pay salary warrants. The total money, bonds and securities in the treasury was $1,904, 552.95. There was SS7,0OO in cash loaned out to state depositor- ies, making the total cash balance $113, ,427.46.
 The Arkansas Railroad Commission granted petition which will reduce 50 per cent the freight rates on poultry shipped in less than carload lots. The present rate is double first class. The commission decided to reduce this to der fixing the new rate Will be issued In a few days. Most lof the cases were continued for investigation and no other important decisions were given.
 The fight against pellagra in Arkan- sas may be materially aided by the United States Public Health Service If the $100,000 appropriation asked of Congress by Secretary of the Treasury McAdoo is granted, Dr. c. w. Garri- son, state health officer, believes. The secretary asked the appropriation to carry on research work in typhoid, pei lagra and malaria infested districts. State Bank Commissioner John M. Davis sent to all state banks blanks upon winch the directors elected for 1916 will fill out their oaths All state banks will elect directors and officers January II. The State Bank Commits sion last year secured the agreement of all banks to hold their annual meet ings the second Tuesday in January each year.
 The trustees of the University of Arkansas have established what are | to be known as University Scholar ships. These scholarships are open one each year to the honor graduate of each fully accredited public high | school within the state. They exempt the student from the payment of uni versity fees during his freshman year.
 H. l.. Remmel, chairman of the Re, publican State Central Committee, an nounced he will call a meeting of the committee at Little Rock January 29 to fix the date and place for the state convention. The convention, Mir. Rem mel said, probably will be held at Lit, tie Rock late in April or early in May.
 The bank examiners of the State Bank Department held their monthly conference with State Bank Comm1s- sioner John M. Davis
 The Ford Company, general mer- chandise, of Webb City, filed notice of dissolution l.. L. Ford is president
 The Segraves Hardware Company of Osceola, capitalized at S5,G00, filed ar. ticles of incorporation.
 An increase of 160 failures in Ar kansas for the year 1915 is shown in the report of R. G. Dun & Co.,, issued There were 396 failures in Arkansas in 1915, compared with 236 for 1914. The 1915 record is an increase of 246 over 1913
 Approximately $29O,O00 was col lected last year from inheritance and franchise tax, according to records in the state treasury. Inheritance tax l tOtaIed S7q 566 TT and fronoh;ao e.