davidaulloa/AmericanStories huggingface dataset:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-03-13
Good Words
And Bad for
Steel Trust
Consolidation Brought l18
Competing Units Togeth-
err, Says Government

Washington. March lZ.-lhe CnlVeu
States Steel Corporation was alternate
" extolled and denounced to-day be-
fore the Supreme Court as arguments
continued in the Federal antitrust dis
solution suit.
Fair treatment by the corporation of
customers. competitors and employees,
without monopolistic or unfair trade
practices, was claimed by Z. V. Linda
bury. counsel for the defendants
IAN abnormal, Illegal and grossly
overcapitalized, colossal super-combi-
nation of combinations" was how the
corporation was characterized by Henry
r. Cotton, special assistant to the At
torney General.
Mr.. Lindabury denied that the cor
poration has the power or disposition
to Cypress competitors and asserted
that only the government Gus
toners or competitors had complained
OF its effect.
"The trade feels no oppression; Gus
toners and employees are satisfied" he
said in concluding his argument. "1f
there ever was a concern entitled to
judgment that IL is performing with
clean, honest and fair conduct and
beneficial effect on industry, this is
one. This is not the time, when we are
endeavoring to mobilize our industries,
to disintegrate or destroy them"
11s Units Merged
Following the defendants counsel,
Mr.. Cotton, for the government, told
the court that the corporation COM
prises 11S competing units merged into
nine combinations, with these nine
later merged into one huge combina-
ton, controlling over one-half of the
entire national industry and dominat-
ing the whole trade and products
prices. He spoke of strong competl-
ton existing between the Carnegie,
Federal and National companies before
they combined, combination effected,
he said, because J. 7. Morgan and
others interested feared an outbreak
of disastrous competition, involving
lowering of prices.
"The Morgans knew Carnegie was
threatening to make it warm for them"
he said. "The corporation took over
all big, powerful competitors and COM
pletely outclasses and overtops those
left outside
at was a stock pool, a merger OF
stocks, with s56,OOO,O00 in profits to
the promoters -spoils so great that
even men of their calibre were inter
ested. II had watered stock of $780,
600. 900. upon which s35,OO0,O0o divi-
dends were paid annually. Carnegie
himself wouldn't take any watered
stock; he stood out for bonds.
Morgan Interests Played
"The men who put the corporation
together have been most persistent vio-
lators of the antitrust laws. Morgan
put together the Northern Securities
Company, which was dissolved BY this
court"
Through the Gary dinners" Mr..
Cotton said. the corporation maintained
and controlled prices, competitors fol-
lowing the corporation because 1t
dominated the trade.
The hearings will continue to-mor-
row when D. A. Reed and G. A. Sever
ance will conclude for the defendants.
Solicitor General Davis will close for
the government Wednesday.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-03-13
u. S. Treasury Finances

Washington. March 12.-Condition
Of the United States Treasury at close
to-day showed Net balance in general
fund, s58,035.76I; total receipts, 81
45e.e1s: total payments, S4,423,0I0.
The deficit this fiscal year is $780,
e70,377. against deficit of $56,es3,81t
last year. exclusive of Panama Canal
and public debt transactions.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-03-13
New York

New French Loan Expected. 1t IS be-
lieved that arrangements for new
500, 100000 French loan here will be
concluded within the next week or ten
days. All the details in connection
with the transaction. it is said, have
been worked out and the offering will
be made as soon as the Morgan group
of bankers decide that the time is ia
variable
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-03-13
Elections

Stockholders of the T.. !. du Pont de
Nemours Company, at their annual
meeting yesterday. elected Eugene. du
Pont a director, to succeed the late
Major William G.. Ramsay.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-03-13

The above rates express the cost q
foreign money in terms of the Ameri-
can dollar. You buy an English pound
sterling for s4.75h; the intrinsic par
ity is s4.S6ss per pound. Thus. you
say either that pounds are at dis
count or that dollars are at pre.
MUM. which is owing 10 the fact thai
in England the demand for dollar
with which 30 settle accounts in this
country is greater than the demand ~
this country for pounds with which TO
settle accounts in England.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-03-13
Anthracite Coal Shipments. In Fe

ruary shipments Of anthracite, as re-
ported to the anthracite bureau Of in
formation in Wilkes Barre. amounted to
5.l7s,432 tons, decrease of 5ll,ol4
tons, compared with February, 1915.
There was one less working day in the
month this year, accounting for about
225 900 tons Of the decrease. Also the
shortage of labor was more serious.
February production this year was 1872
2el tons less than that of January this
vpar
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-03-13

the S29, 407, 500 common stock IN tne
hands Of the public, against 1913 per
cent earned On s26,S31,S0O stock In
1915.
Remington Typewriter.-For the year
ended December 81. 1916, the company
reports net earnings after depreciation
and bond interest amounting to 81
415,459, an increase of ssS6,35O over
1915. After full dividend requirements
on the first and second preferred stocks
the balance, s736,O79, was equal to
1856 per cent on s9,996,O0O common
stock. No dividends on the two pre-
ferred stock issues have been paid since
1914.
Burns Brothers Plan Approved. -Di-
rectors of the company yesterday ap-
proved the financial plan under which
a stock divi5and of rs per cent is to be
distributed to common stockholders. In
addition, the directors declared divi-
dend of / u per cent on the common
stock and an extra dividend of l per
cent in common stock. To provide for
the stock dividends and 100000 of
common stock, which will be offered TO
shareholders to retire a like amount of
preferred, the directors approved an in
crease in the authorized common stock
from s7,5OO,0O0 to sl2.000,000.
United States Rubber.-The company
has called on the underwriters to take
up the balance Of unsold bonds not dis
tributed to investors at the time of the
general offering of the s60000,O00 issue
in January. It is understood that this
involves the taking over of approx
mately $40 100000 of the bonds.
Gulf States Steel.-The company re-
ports for the year ended December 81
last net earnings of S2,452,o1O; divi-
dends. s679, 1927, and surplus, s1,772 ,6S3.
The balance sheet as of the end of the
year showed cash in banks and on
hand of $l,8Sl,4
Mexican Eagle Oil.-The company
shows profits Figures in Mexican gold
for 1916 of S1s,O82,411, against sll,2lo,-
500 in 1915. Net profits were slO,2oS,-
GAG. against s5,95l ,377 the year before
Chile Copper Financing.-A special
meeting of stockholders to authorize
the s35.OOO.000 new bond issue of the
company is scheduled for April 10.
Warrants representing the rights to
subscribe will be issued to stockholders
of record on April "a.
Central Argentine Notes To Be Of
fered. Bankers in the so-called South
American group announced yesterday
that a public offering would be made in
the near future of the Sl5.000,000 ten
year per cent convertible notes of the
Argentine Central Railway purchased
by them in January. The notes will be
offered at about par. The underwriting
bankers are J. P. Morgan & Co., Kuhn,
Loeb & Co.. the National City Company,
the Guaranty Trust Company, Lee. Hig-
ginson e. Co. and William A. Read &
Co. Proceeds from the sale of the
notes. will be used to retire what is
practically an equivalent amount Of
short term Indebtedness Of the Argen-
.:.a opdop
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-03-13
CORPORATION Returns

General Railway Signal. Report for the
year ended December 81. 1915. SHOWS a oai-
ance after preferred stock dividends of Si2t-
gsi. equal 20 4.26 per cent on SS.OoOOOO
common stock The report compares as fol-
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-03-13
Money and Credit

Money rates showed little change at
the opening Of the new week, despite
the loss in cash reported by the banks
in the Saturday statement. Call money
was in abundant supply at pa per cent,
the ruling rate on Friday.
Easy conditions continued TO charac-
terize the market for time funds on
brokers' Stock Exchange collateral.
Loans based on good railroad and in
dustrial securities hold at 4 per cent
for six months. This is practically the
only maturity in which there is any
business. The bulk of business moving
is in loans based on industrial collat-
eral alone, which are being placed at
3h per cent for thirty days, per cent
for sixty days, 4 to Az per cent for
four, five and six months.
Ruling rates on money yesterday
compared with a year ago, were as fol-
lows:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-03-13
Relevant Facts

Montana Power Company.-In 1916
this concern, which does a general
light. heat and power business in Butte
and elsewhere in the State of Montana,
increased its gross earnings 44.37 per
cent over those of 1915, while the gain
in net amounted to Sill per cent. The
income accounts of the last two years
compare as follows:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-03-13

As a result of boycotts and other
measures recently adopted as palla-
tives for food dearness, the retail
prices for certain foods have de-
clined 20 some extent. There are.
nevertheless, Indications pointing
to the probability that the relief pro-
duced thereby may be only tempo
rary. Even when the agitation was
at it's height the average wholesale
price Of a representative group Of
foods did not pause in its upward
course. And of late the average of
wholesale food prices has advanced
more rapidly in this country than in
others. The latest available figures
show an increase in the United
Kingdom Of SO per cent over July,
1914, and in Canada Of about rs per
cent. In the United States the in
crease is approximately 60 per cent,
whereas a month ago prices were
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-03-13
Other Cities
Comnany Increases Capital.

Oil Company Increases Capital =
Trenton, n. j., March 12.-The Tide
water Oil Company of Bayonne to-day
filed with the Secretary of State a
certificate showing ii has increased its
capital stock from s30,000,O0O to S4o,-
600 1000. R. d. Benson is president and
George T. Webb, secretary.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-03-13

Below is given the current exchange
value Of foreign money IN dollars and
cents, together with the intrinsic gold
parity, as calculated by the United
States Mint;
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-03-13

ferred dividends in 1916 amounted to
81, 4OG,52l. equal to SIS per cent on
the s29 ,4O7, 500 common stock in the
hands of the public, against 1913 per
cent earned en- s26,SS1, 500 stock in
1915
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-03-13

Commercial Paper.-Trading in this
department is exceedingly dull. The in
quiry is fair, but offerings are light.
The ruling rate is Az per cent for the
best six months paper.
Official rates of discount Of each of
the twelve Federal districts are as fol-
lows:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-03-13

Boston Bank Statement. The Boston
banks in their weekly return showed an
increase of $780, 900 in loans and dis
counts. Deposits increased S5,60S, 600.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-03-13

Gold Currents.-Gold to the amount
Of s8,50O,OO0 was received at the Assay
Office yesterday from Canada for the
account of J. P. Morgan & Co, bringing
the total imports from all sources TO
date this year to 1913 100000, and since
January /, 1915, to 1851 100000. In
addition TO the $4,000 600 received early
Saturday, S33.OOO,OOO more arrived later
in the day, Of which SS.000,000 was de-
posted at the Assay Office here. and
sos 100000 went to the Philadelphia
mint Most of this gold is said to
have come from Russia. though part
of it is said to have come from France,
where Russia is believed to have re-
serves of considerable size. Further
imports by way Of Canada are ex-
pected
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-03-13

Sub Treasury. New York banks
gained from Sub-Treasury s4,337,0 900.
Silver.-Bars in London, 367s pence;
New York, 20 cents; Mexican dollars,
5Sl2 cents.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-03-13
Chicago. indianapolis a Louisville

ST. Louis Southwestern
The Kennewick courier-reporter. [volume] (Kennewick, Wash.) 1914-1938, 1917-02-01
Wife's Advice

do you ever ask your wife's adj
vice about things?"
mo, sir; she doesn't wait to be
asked"-Boston Transcript.
The Kennewick courier-reporter. [volume] (Kennewick, Wash.) 1914-1938, 1917-02-01
Primitive Reptiles.

The tuatara. or tuatera. is an almost
extinct hzard-like reptile tSphenodon
punctatum), now found only on GER
tain rocky islets In the bay of Plenty.
northern New Zealand. It is Of great
scientific interest for the reason that
1t Is the only surviving representative
Of the order Of prosauria. or primitive
reptiles. and is therefore sort Of civ
ing FOSSIL" It was formerly hunted
for food, but is now protected by law
I'm New Zealand.
The Kennewick courier-reporter. [volume] (Kennewick, Wash.) 1914-1938, 1917-02-01
HIGHLAND DEPT.

Bobby Mountain, the small son OF
Mr.. and Mrs. T. C. Mountain, is quite
ill.
o. w. McAuley has moved back
from Kennewick to his ranch north OF
town.
Walter Chalcraft, U. S. navy, who
has seen active service at San Domln-
20, is nome OF fur!ough.
Mr.. and Mrs. Myron Miller, who
have been spending the winter in Cal
ifornia, returned home Wednesday.
w. S. Wheeler has leased his ranch
south of town to George Crutchfield.
The Wheeler family will move to the
place just vacated by C. E. Foss.
Miss Artha CARAT left Wednesday
for Portland to join her mother at the
bedside of her grandmother, who is
not expected to survive her illness.
Mrs. F. A. Rouse, who was taken to
the hospital in Spokane to undergo an
operation for appendicitis, went thru
the ordeal successfully and when her
husband left Spokane Saturday eve
ming the patient was getting along as
we'll as could be expected.
Word has been received by friends
in Richland that Harry Thurman, who
! left here on account of his health,
made the trip all right to San Monica,
California, altho the journey tired
him out considerably. However, he
arrived in the south in much better
shape physically that his parents and
friends had expected.
The Ladies' Aid of the Methodist
church will meet Wednesday, Feb. q,
at the home of Mrs. H. E. Compton.
The members will be taken out in the
morning in the school bus as this is
to be a real Industrious session, no
drones supposed to attend. Mrs. Comp
ton has carpet rags to sew and other
work for the Aid ladies to do which
will add small amount to the treas
ury. -..... -4
Postmaster w. M. Relton laid still
another milestone in Richards pro.
gress when he recently placed on or.
der with the Postmasters' Supply So.
for seventy automatic keyless lock
boxes to be installed in the local post.
Office to replace the key boxes now
in use. These boxes are highly re-
commended by the department, the
government placing an order for So,
900 worth of them to be used in thu
canal zone. . :.
The Kennewick courier-reporter. [volume] (Kennewick, Wash.) 1914-1938, 1917-02-01

Kennewick, Washington; Jacob Shaub,
of Kennewick, Washington; ,Elijha
Straub, of Plymouth, Washington.
Not Coal land.
FRED M. HEDGER, Resister.
The Kennewick courier-reporter. [volume] (Kennewick, Wash.) 1914-1938, 1917-02-01
BUILDING ACTIVITY

There is quite little activity along
building lines in Richland during the
past week and the outlook is that it
will continue for several weeks to
come. William Young has started the
construction of new house on his pro-
perty in town. He will use the old
house and add to it and expects to
have a commodious dwelling when it
is finished. A. H. Williamson is on
the job with Mr.. Young.
Elmer Hinkle is tearing down and
rebuilding his newly moved house and
will have a good looking place shortly.
VIM. Boettscher is with him at the
work. The house is being repapered
thruout and fine basement built un-
der it.
A. S. Murray has just about COM
pleted the new residence he is build
ing for Jack Kennard on his ranch
north of town. Next week he will
STRAIT construction of porch on the
Louis Weisenbach' home.
The Kennewick courier-reporter. [volume] (Kennewick, Wash.) 1914-1938, 1917-02-01
500 Reward, 500

The readers Of this paper will be
pleased to learn that there is at least
one dreaded disease that science has
been able to cure in all its stages and
that is catarrh. Catarrh being greatly
influenced by constitutional conditions
requires constitutional treatment. Halls
Catarrh Medicine is taken internally and
acts thru the Blood on the Mucous Sur
races OF the System thereby destroying
the foundation of the disease, giving the
patient strength by building up the con-
Stitution and assisting nature in doing Its
work. T. , proprietors have so much
faith in tne curative powers Of Halls
Catarrh Medicine that they offer One
Hundred Dollars for any case that it fails
10 cure. Send for list Of testimonials.
Ohio. Sold by all Druggist. 75c.
The Kennewick courier-reporter. [volume] (Kennewick, Wash.) 1914-1938, 1917-02-01
LEGAL PUBLICATIONS
NOTICE FOR PUBLICATION

NOTICE FOR PUBLICATION
Department of the Interior, U. S.
Land Office, at Walla Walla, Wash,
January End, 1917. ... o..
NOTICE is hereby given that Theo-
dore F. Payne, of Plymouth, Wash
ington, who, on September %, 1912,
made homestead entry No. 05799, for
Sk SEA, E1s SWA, Section 2, Twp.
6 N, Range % E., Willamette Merid-
ian, has filed notice of intention to
make three-year proof to establish
claim to the land above described, be-
fore e. w. Trenbath, United States
Commissioner, at his Office, at Kenne-
wick, Washington, on the 10th day of
February, 1917.
Claimant names as witnesses:
Charles E. Nicoson, of Kennewick,
Washington; fired E. Sweany, of
The Kennewick courier-reporter. [volume] (Kennewick, Wash.) 1914-1938, 1917-02-01
NOTICE FOR PUBLICATION

OAASA% wv Ao2N
Department of the Interior, u. S.
Land Office, at Walla Walla, Washing
ton, January End. 1917.
NOTICE is hereby given that Viii.
liam G. Root, of Berrian, Washington,
who, on May IL, 1910, made home
stead entry No. 04536, for Lots /, 2,
3, SEA NWA, Section 2, Township
N, Range % E., Willamette Meridian,
has filed notice of intention to make
five-year proof, to establish claim to
the land above described, before E.
w. Trenbath, United States Commits
sioner, at his Office at Kennewick,
Washington, on the 10th day Of Feb
ruary, 1917.
Claimant names as witnesses:
Charles E. Nicoson, of Kennewick,
Washington; Alfred E. Sweany, of
Kennewick, Washington; Jacob Shaub
of Kennewick, Washington; Elijha
Straub, of Plymouth, Washington.
Not coal land.
FRED M. HEDGER, Register.
The Kennewick courier-reporter. [volume] (Kennewick, Wash.) 1914-1938, 1917-02-01
NOTICE OF SHERIFF'S SALE
OF REAL ESTATE

Cause No. 1928
In the Superior Court of the State
Of Washington, for Benton county.
James D. McCutcheon, Plaintiff,
VS..
George Chandler, ct ux., defendants.
Under and by virtue of an Execu-
ton Under Foreclosure issued out of
and under the seal of the above en-
titled Court, holding terms at Prosser,
in and for said county on the 18th day
of January, A. D., 1917, upon a judg-
ment rendered in said Court on the
18th day Ct January, A. D., 1917, in
favor of above named plaintiff and
against defendants, for the sum Of
sixty-three hundred ninety-nine and
O7-100 ($6399.07) Dollars, together
with attorneys fees, interest, costs
and increased costs, and to me direct
ed and delivered, commanding me to
sell the following described property,
situate, lying and being in Benton
county, State of Washington, or so
much thereof as may be necessary to
satisfy said judgment, attorneys fees,
interest, costs and increased costs, to-
wit: -
The Northeast quarter of the
Northwest quarter of Section Is,
Township 8, North, Range 80, e.
w. NJ, less three acres hereto
fore condemned and taken for
railroad right Of way.
| Also, beginning at point $50
feet west Of the Southeast corner
of the Southwest quarter Of Sec
ton 10, Township 8, North Of
Range 30, E. w. M, thence west
$50 feet; thence north 440 feet;
thence east $50 feet; thence South
440 feet to point Of beginning,
| containing ten acres, more or less.
| Also, that portion of the West
one-half of the West one-haf Of
/ the Northwest quarter Of the
| Northeast quarter Of Section is,
Township 8, North, Range 80, e.
w. M, living south Of a line drawn
parallel with and So feet south
erly from the center line Of the
Northern Pacific Irrigation COM
pany's Lateral canal, 9.55 acres,
more or less.
NOW THEREFORE, NOTICE is
HEREBY GIVEN that on Saturday,
the oath day of February, A. D., 1917,
at 10 o'clock in the forenoon Of said
day, will sell the above described
property, or so much thereof as may
be necessary to satisfy said judgment,
attorneys fees, interest, costs and In
creased costs, in all amounting to the
sum of sixty-eight hundred nine and
98-1OO ($6SO9.98) Dollars, together
with accruing interest and cost Of sale
Said sale will take place at the front
door of the Court House at Prosser
in said county and state, and will be
at public auction, for cash in hand, to
the highest and best bidder.
Dated at Prosser, Wash, this 18th
day of January, A. D., 1917.
C. E. DUFFY, Sheriff,
| By Harley r. Tucker, Deputy
j. w. A. Nichols,
322 Provident Building,
Tacoma, Washington,
Attorney for Plaintiff. 1-25:2-2i
The Kennewick courier-reporter. [volume] (Kennewick, Wash.) 1914-1938, 1917-02-01
Power of q River.

There are more spindles turned In
the mills Of Lawrence by the power
of the Merrimac river than are turned
by any other river In any other city
in the world. Four hundred acres OF
mills, employing 10000 hands. put out
100000 tons Of woven fabrics each
year.-EXchange.
The Kennewick courier-reporter. [volume] (Kennewick, Wash.) 1914-1938, 1917-02-01
Mutual piseentsnt.

First Clubwoman-No; am not go
ing to the annual dinner. The commit
tee always puts me beside the most un-
interesting people. Second Clubwoman
That's just my experience. We were
sitting together last year. weren't we?
London Opinion.
The Kennewick courier-reporter. [volume] (Kennewick, Wash.) 1914-1938, 1917-02-01

Cause No. 2293
In the Superior Court of the State
of Washington, for Benton county.
James d. McCutcheon, Plaintiff,
The Kennewick courier-reporter. [volume] (Kennewick, Wash.) 1914-1938, 1917-02-01
What's In q Name?

Old Gent-What's your name, my lit
tie man? The Little Man-They call
me "Corns" at school. sir. Old Gent
Good gracious! And why? The Lit
tie Man (cheerfully)-'Cause I'm al
ways at the foot Of the class. Sir
London Telegraph. naa
The Kennewick courier-reporter. [volume] (Kennewick, Wash.) 1914-1938, 1917-02-01
Room For Reconciliation.

Room For Reconciliation.
I'VE can Ole cross bill" explained
the lawyer. ..a .Es
mot too cross" cautioned the wife.
Il still love my Observation-Disclosures
Post. ...... r a
The Kennewick courier-reporter. [volume] (Kennewick, Wash.) 1914-1938, 1917-02-01
Corrected.

Mr.. Gnaggs-I slept like a log last
night. Mrs. Gnaggs-A log? You slept
like a whole sawmill.-Chicago News.