davidaulloa/AmericanStories huggingface dataset:
South Bend news-times. (South Bend, Ind.) 1913-1938, 1919-03-23
COMMERCIAL
Investment Inquiries
BY FINANCIAL EDITOR.
COSDEN < 90.
Continually strengthening Position

Continually strengthening Position.
Cosden & Co. in 1917, earned over
46 per cent for its present common
stock, but enormous deductions for
depreciation and war taxes reduced
this figure 10 about is per cent,
which compares with a current divi-
dend rate OF 10 per cent annually.
In the first half OF 1913 q per cent
was earned for the common stock
presumably before deduction of war
taxes and somewhat better results
are hoped for from the last half
The company's S9,6O0,OOO out
standing convertible bonds are
worthy OF attention as a business
mans investment. These are in two
series, A and b. with a slight differ
ence in the convertible privilege be-
fore July next. but as there is little
prospect of a profit in conversion be-
fore that date, the two may be con-
sidered as practically identical.
In 1917 the company earned total
bond interest charges, after deduc-
ton of war taxes and depreciation.
about five times over. The bonds are
la mortgage on all the company's
property and provide for an annual
sinking fund of five per cent of the
bonds issued or 20 per cent Of net
earnings, whichever is the greater,
TO be applied TO purchase and re-
demption at not over 10. About
100000 more of these bonds may
be issued. being held in reserve for
extensions ETC., at not over SO per
cent of cost. They are well secured.
therefore, both by assets and earn
ings and eventually the amount out
standing will be reduced.
Paying six per cent and maturing
in 1882, the yield is about "a per
cent, which is high compared with
the security. After July / the bonds
are convertible into common stock
at SIS a share. so that if the stock
should rise il would begin to draw
the bonds up with it from about S13.
In view Of this companys possibili-
ties OF growth, and Of the general
interest in oil securities, there is a
chance of profit through conversion
South Bend news-times. (South Bend, Ind.) 1913-1938, 1919-03-23
AMERICAN WRITING PAPER.
\ Speculative Issue.

Under the circumstances we do not
favor new commitments in stocks
like American Writing Paper pfd.
even though the company made a
good showing last year. The low
price of the stock indicates it's spec
lulative character. If, however. you
are prepared to assume a business
mans risk, We would suggest Inter
national Paper pfd.. which is selling
relatively cheaper and is a more
strongly fortified position as you will
see on referring to our March is
sue.
American Writing Paper pfd. has
not paid dividends since the middle
of 1913, and there is now about $50
per cent due in back dividends. The
company will have TO provide for
the payment of its 1st Ref. FIVE per
cent bonds, due July, 1919, and the
prospects for any dividends on the
preferred stock for perhaps some
years are remote.
South Bend news-times. (South Bend, Ind.) 1913-1938, 1919-03-23
UNITED VERDE SHOWS RECORD
PRODUCTION

For the fourth consecutive year a
production record was established in
1918, with yield OF 1905 $50
pounds Of copper. 1.292.109 ounces
Of silver and 29.2S1 ounces of gold.
With the falling off in demand for
the metal Sen. Clark, controlling the
property, decided upon curtailment
Of about 80 percent, but recent labor
troubles have occasioned a complete
shutdown. At capacity the company
had been producing about 1900
GOO pounds Of copper a month.
Although producing over 1900
600 pounds OF copper last year,
United Verde sold but Slab. 342
pounds, receiving an average price
of 24.42 cents a pound. The balance
of z6,O70,253 pounds has been car
ried into this year. against 10000
600 pounds brought forward into
1913 from previous year.
VICTORIA COPPER'S NET $31, 4O5.
Report for the year ended Dec.
81, 1918. shows production of l.
533.536 pounds OF copper and net
profits of S31, 4O5.
1t cost 22.16 cents per pound 70
produce the metal. 1t sold 1908, 23O
pounds at an average price of "a
SIS cents per pound. carrying the re-
mainder. 303.3O6 pounds. on its
books at Is cents per pound.
South Bend news-times. (South Bend, Ind.) 1913-1938, 1919-03-23
CORN TOUCHED
NEW HIGH PRICE
Break in Price of Rye and
Barley Pulled Support
Away From Corn.


Associated Press service.
CHICAGO, March 22-Although
corn today touched a new high price
record for the 1919 May delivery
the gains as a rule did not last
Sharp breaks in the value of rye
and barley pulled support away from
corn and made the close unsettled
at half cent net lower 70 rs ad-
vance with May 145 IA TO las IL
and July 137 1-2 TO 1877 SIS. oats
finished 5-S off to one cent up and
provisions unchanged to 1-2 cent
higher.
Upturns in the corn market OBJ
tanned their momentum largely from
the fact that at first the outlook
seemed TO be for a continued bulge
in quotations on rye and barley.
Later however, gossip became cur
rent that the government would dis
pose of its stock Of rye and would
abandon a project 10 send the grain
10 Europe.
oats merely reflected the action of
corn.
Provisions developed strength not
withstanding sales that were as
cribed 10 packers.
South Bend news-times. (South Bend, Ind.) 1913-1938, 1919-03-23
j. s. STEEL LEADS
NEW YORK MART
Establishes New High for the
Year But Loses Gain Be-
fore the Close.
20 - /:

Associated Press Service:
NEW YORK. March 22.-Succeed-
ing an active opening. mainly at ir-
regular advances. today's twO-hour
session Of the stock market expert
enced a selling movement. presum-
ably for prcfts. which cancelled
most Of the early gains.
United States Steel was again the
leader, so far as the market de-
veloped any real leadership. advanc-
ing TO the new high OF the year Of
S1.00 SIS, but lost all It's gain and an
additional fraction. Sales amounted
20 500. 600 shares.
Bonds eased In most branches,
the liberty division shading when
the fourth 4 las fell TO the new
low Of casa. United States coupon
and registered rs gained II percent
on call during the week.
South Bend news-times. (South Bend, Ind.) 1913-1938, 1919-03-23
UTAH COPPER REDUCES WAGES
SHOWS sos FOR QUARTER.

Notice has been given 10 all en-
ployes of a general reduction of %
cents a day in wages. This is the sec
ond reduction since copper was cut
from 26 cents. The maximum Of the
previous cut was 70 cents. making
81 a day cut inclusive of the new
reduction.
The reasons given by Gen. Mgr. r.
&C.. Gemmell for the action are 1.-The
critical condition of the copper mar
ket and the inability Of producers
10 dispose OF the metal"
For the quarter ended Dec. 81,
1913, total profits show 1881, 1913,
equivalent to s2.05 a share earned
on S16.244.9O0 capital stock OF $40
par value. This compares with prof
its Of SCHOOL,, or 1926 a share
in the preceding quarter
The report states: Average cost
per net pound for all copper pro-
duced from concentrates, sulphide
ore. and teaching plant precipitates
was 17.SS cents per pound, com
pared with 1881 cents for the prev
ious quarter. The comparatively high
cost for the quarter was due partly
20 increased smelling, and refining
charges. increased freight rates. and
higher wages. and also partly to de-
creased production.
The earnings for the fourth quar-
ter are computed on the basis OF
2O.44 cents per pound for copper
against a basis OF 24.04 cents for
the third quarter
South Bend news-times. (South Bend, Ind.) 1913-1938, 1919-03-23
land meantime a high yield would b,
obtained.
OLD LINE RAILS.
Their Investment Rating

The standard railroads have either
remained stationary or declined
somewhat during the recent ad-
vances in the market, and while we
do not suggest specialties like Read
ing. Pittsburgh & West Virginia, or
Texas & Pacific for strict investment,
we see no objection TO an investment
in the old line railroads like Atchi-
son, Pennsylvania, Union Pacific,
Southern Pacific. Norfolk < Western.
Illinois Central and Northern Pa
cific. Most of the preferred stocks
in this group are very attractive. no
tably Southern Railway preferred,
Kansas City Southern preferred, Bal
timore & Ohio preferred (the latter
on account Of its low price, and
Colorado Southern LIST preferred. The
best railroads are not proof against
further decline but the investor is
justified in purchasing now as no
one can foreteli accurately the end
of a decline. They are cheap enough
at current levels to Justify taking
what chance there may be in this re-
gard.
South Bend news-times. (South Bend, Ind.) 1913-1938, 1919-03-23
COPPER COSTS 1870
PER POUND.

Cost per pound Of net copper pro-
duced from milling operations and
the crude ore shipped TO the smelter
for the fourth quarter. after allow
ing for smelter deductions, was 1S.-
10 cents, compared 70 1905 cents
for the third quarter.
Earnings for the fourth quarter
are based on a price for copper OF
1924 cents per pound. compared
with 24.65 cents per pound for the
third quarter.
South Bend news-times. (South Bend, Ind.) 1913-1938, 1919-03-23
cMICAGO GEAIN sd TROyIsION.


IHICAtrU, Mnrcn ZL.-IAII LL--ke-
ceipts, $50: market slow. steady. Prime
steers. S1S0Ofp19.OO; butcher grades,
S12OONi6&J; cows S5006r12.00
CALVES-Reecipts 200; market slow,
zoe lower. Gull TO choice, S5.OOm1S.50
SHEEP AND LANIBS-Receipts 1900
market, lambs soc lower, sheep active,
steady Choice lambs, So. Sea Il 90; cut
10 fair. S13OOm19. 10: yearlings $1,000
$50. Sheep, S5O0N1LOO.
Receipts LOO: market slow.
10al Die up. Workers. SI9.256I 2O50. pigs.
Sf9OOn 1925 mixed. SO cSef2O 30; heavy,
so 4O6f 2O5O; rOughs, sic Otd17.J0; stays,
SI9 O0GII4 90
South Bend news-times. (South Bend, Ind.) 1913-1938, 1919-03-23

Sec'y G. r. Burton of the company.
said statement: During the past
two years the leasing policy has been
gradually extended until it now ap-
pears the small amount OF ground
that has remained 10 be worked on
company account does not justify
maintaining the staff and machinery
necessary for its administration.
"A five-year lease covering the en-
tire mining property in the Gold
field district. milling plant excepted.
has been given 10 the GOldfeld De-
velopmeat Co, an entirely indepen-
dent ganization, which will in the
future bear the operating expense
and pay your company a royalty of
from Is percent to % percent Of the
proceeds from the sale OF all ore
produced after deducting marketing
charges
The Golddeld Development Co.
had purchased the Hazel queen
claim and obtained a bond OF the
February claim 10 run concurrent
with the lease.
"Your hoard Of directors has re-
Quested OF the Goldfeld Develop
mcnt. Co. that OF any stock offered
20 the public. the stockholders be
3r-- wen the refusal on a prorated
basis"
MAGMA SHOWS INCREASED
South Bend news-times. (South Bend, Ind.) 1913-1938, 1919-03-23
PITrsRUKG ITNE STOCK.

PTTTSBU RGH. Pa. N0TCh 22-CAT-
Receipts light market steady
choice S165Od17OO: good Sl55OG16O0
fair S13O0M14J0; veal calves, $1,000
1900
SHEEP AND LAAlBS-Receipts light
market strong prime wethrrs. SlAJ00
1900. good. S!&0ON l4oO; fair mixed,
ST.. JOSi 100: lambs, $14O0N 2O.JO.
HOCrS-Receipts, l. double decks mar
ket lower; prime heavy hogs. $4,000
-025: mediums. SO O00 40: heavy
Workers. S2O00H2O -. light Workers.
StSO0H 1850; pigs, Si7 ouMiT.75; roughs,
SlTOOI1SOo stays, S12O0N13.0O
South Bend news-times. (South Bend, Ind.) 1913-1938, 1919-03-23
Local and Foreign
Markets
Latest Corporation Earnings

it ever did. especially rich peacock
ore, which is coming in about three
times the former quantity. Heavy
shipments began latter part Of Feb
ruary and are now running about
200 ears a month, which is about
double. Management reticent as 20
whether the new shaft has been
completed. but all indications point
10 continued heavy shipments OF ex-
tremely rich ore.
South Bend news-times. (South Bend, Ind.) 1913-1938, 1919-03-23
RAY CONS. COPPER COSTS 49,
sos CENTS.

The quarterly report said in part:
THE average cost per pound Of all
net copper produced for the quarter
was 1906 cents. This compares
with a cost OF 2O.283 cents for the
previous quarter. These costs in
clude a charge Of Is cents per ton
OF ore milled for the retirement of
mine DEVELOPMENT expense. The
average carrying price Of copper for
the quarter was 2O.S03 cents, COM
pared with 24.156 cents for the pre-
vious quarter.
South Bend news-times. (South Bend, Ind.) 1913-1938, 1919-03-23
CHICAGO LIVE STOCK.

CHICAGO. March 22-HOGS-Re-
ceipts, 5000 market steady, 1Oc up;
hulk, S196O@1eSO; butchers S1T.JOG
1852 packing 81 25@ 1910; lights,
ST. 2Jd-1S.2 -.
CATTLE Receipts 1000; market low
err, beef. S11.5OG20O0; butcher stock,
Sf.2jd 1900; Gamers and cutters, s. 2J6f
ITO; stOckers and feeders. SS00d II. -
cows. S7.2JG15.OO. calves. S1f.OOa1675.
SHEEP-Receipts. 2.0Oe: market high
er: wool lambs, S15JOd2O.75; ewes,
S7OOQ15OO
South Bend news-times. (South Bend, Ind.) 1913-1938, 1919-03-23
ANACONDA SHOWS LARGE ZINC
ORE Production

Zinc ore tonnage on Feb. 90. 1918.
was 1 800 tons. the largest In it's
history. Zinc ores are averaging
more than Il percent. with more
than six ounces of silver per ton and
carry lead in addition.
South Bend news-times. (South Bend, Ind.) 1913-1938, 1919-03-23
CONS COPPERNIINES PRODUCTS
1.3G6.13G POUNDS.

January production totaled 1856
1876 pounds of copper compared TO
1 ,637.997 pounds in December. Ow-
ing TO the stagnation of the copper
market IL has been decided TO sus-
pend all production for the time be
ING.
South Bend news-times. (South Bend, Ind.) 1913-1938, 1919-03-23
INDIANAPOLIS LIVE sTocK.

INDIANAPOLIS. Ind. March %
noes Receipts. 1000. market % up
best heavies S2OO0G3O1O; mediums and
mixed. SO SJM9OOO. common To choice.
$50. SJ67 GOO: bulk Of saie- SO 6JGf2OOO.
CATTLE - Receipts. 600; market
steady: steers S13OOQl90O; cows and
heifers S5OOd 1900
SHEEP Receipts. %; market steady
top. S9OOQ 1000.
South Bend news-times. (South Bend, Ind.) 1913-1938, 1919-03-23
MARKETS
CUJCACO PRODTCF

CHICAGO. March, 22-BUTTEB-
Creamery extras, 65hc; standards, CHE;
hrsts G2cm65; seconds, 55cMG1.
EGGS-Ordinaries, 3SM3sia; firsts.
1Si4cN30
CHEESE-Twins. Bic; Americas. S3Iac
fIs4
POUDTRY-FOwls, 33c; ducks. 32c (:
geese. &c; springs, Csc; turkeys. Sic
POTATOES--Cars. 30; WiscOnsins per
100 lbs, S1.50a1.75; Minnesotas, per 100
lbs, S1.jOqL75.
South Bend news-times. (South Bend, Ind.) 1913-1938, 1919-03-23
CuTC4cO CASH CRAN

CHICAGO. March Wv HEAI-NO. ;
spring SO
COMM. . yellow. S1J4a1.5J: No. +
yellow. SI-J0eI -, No. . yellow. S14Sis +.
No. white. $L5: No. 4 white. $1,000
Isl.
OATS-No. white. GA. a6Sas stand
ard 6SN, d69ii
BARLEY O36iI.1S
TIAIOTHY-S7.Ooul 1900
South Bend news-times. (South Bend, Ind.) 1913-1938, 1919-03-23

the advance. one group after an
other taking the lead. We believe
that the railroads and cOppers, par
ticularly, are on the verge of a more
important rise than has been seen
since the war started in Europe
South Bend news-times. (South Bend, Ind.) 1913-1938, 1919-03-23
South Bend Markets
GRAIN AND FEED.
corrected Daily by o. W. Burren. Starr
Mills, Hydrhuiir Av.l

PIG FEED-Senine $500
BRAN--SelliDg S2.2J per hundred.
DLINGS-Selling $3.50 hundred.
CHOPPED FEED-Selhng, $500 per
SCRATCH FEED-selIing $3.50 per
cwt
wHEAT-Paying $3.50.
HAY, STRAW AND FEED.
Corrected Daily by the Wesley Miller
Flour and Feed CO.. AGO MiehiEan.)
HAY-Paying $22 10 S25, selling So
srRAw-Paying 50 to sI2, selling I5c
bale
OATS-paying COO: selling zoe to 7Jc.
SHELL CORN-Paying Sl.40; selling
81 80 10 500
EAR C0RN-Payinx s125. selling
TIMOTHY SEED-Paying 50 per bui
CLOVER SEED-Paying $2S bu; sell
ing So per bu.
LIVE STOCK.
Corrected Daily by Major Bros. 5. To-
gan St. MishawaLa.)
HEAVY FAT STEERS-FaiE to good
SI12c; prime. 124lic.
HO,sS--iS0G1J0 lbs, l6c: 1J9d Il,
lbs, lie; l15 up. l1iac.
SEEDS.
Corrected Daily bS Warner Bros seed
StOre.lti L.. Wayne II.
BLUE GRASS-$tI5.
WHITE CLONER--S32-OG.
AI.SIkE- $500
JAPANESE MILLET so
SWEET CLOVER $3.50
MAMMOTH CLOVER 5000
ALFALFA-S15.O0.
FIELD PEAS $50.
COW PEAS-Si5
RED CLONER-S2z to So.
TIM DTHNLSJ.JO.
COEN-S4. 90
RED TOP-S3.O0
SPRING RNE -S22J
SOY 1EANS-S4OO.
WINTER OF HAIRY BETCH-S12.OG
POULTRY AND MEATS
Corrected Daily by Jimmfr's Market
l2S r. Jefferson Blvd
BEEF-Roast. 3o6IJOc: boiling zoe,
porteraouse. GOcs ~lrloin, 4jUJoc.
LARD-Payiug. PC. selling. 35c.
HAM-Paying 70c: selling 4Oc 10 zoe
LIPPMAE'S.
CALF-2OQ3Oc.
TALON 49, rs.@s
VEAL-Paying. 22c; selling. 2zd45c-
South Bend news-times. (South Bend, Ind.) 1913-1938, 1919-03-23
NOTICE.

Carpenters Local, No. 4t3. holds
au open meeting Tuesday evening.
March 25. s p. m SIS $. Michigan
So 14S11-25
South Bend news-times. (South Bend, Ind.) 1913-1938, 1919-03-23
OUR COAL MAKES WARM
FRIENDS.

shrimp Coal Yards, Knoblock and
Martin. Telephone: Bell 1919. Home
$40. 14S67-tf
South Bend news-times. (South Bend, Ind.) 1913-1938, 1919-03-23
Overheard in Wall
Street

The General Motors corporation
has bought the plant and other
property of the Interstate Automo-
bile company at Muncie, Ind, and a
40-acre tract of land adjoining it.
Additional factory buildings will be
erected and a new General Motors
unit created for the making of auto
parts and eventually for the build
ing of automobiles complete.
South Bend news-times. (South Bend, Ind.) 1913-1938, 1919-03-23

Automobile builders find greater
cheer than do steel makers in the
new price agreements. Not only do
new steel and iron price schedules
reduce the cost of inventories but
sterilization Of prices for year per-
mits the motor builder to proceed
with capacity production, knowing
about what manufacturing profits
will be and having no further fear
of a shrinkage in inventory values.
South Bend news-times. (South Bend, Ind.) 1913-1938, 1919-03-23

The Engineering and Mining Jour
nal says: "A particularly noteworthy
development Of the week was con-
siderable inquiry from abroad and
the consumption of some respectable
business for export. The stocks Of
copper in Great Britain and France
are known TO be large, but it is con-
jectured that they are not being Of
cred for sale in ways that appeal to
buyers. who prefer 10 sotne extent 10
purchase new copper in this mar
ket"
South Bend news-times. (South Bend, Ind.) 1913-1938, 1919-03-23

The board of governors of the
New York stock exchange voted tie
close the exchange March 25, the
day Of the parade here Of the 27th
division on its return from France.
Norwich bulletin., 1919-03-27
More Cats.

MT. Editor: Upon reading the letter by John W. Aver in this mornings Bulletin on cats. licensing of cats and where the tag shall 0e attached, 1 will say he is extremely rough on poor kit ty. l do not believe III the licensing of cats in any way whatsoever Mr. Aver is not exact in his (proper) place
 to attach a tag, because on my cat the shoemaker's thread would have to be
 used and
 Regarding MT Ayers place for the
 tag. it could not in the case of my cat
 be tied on (nothing there to tie il tol.
 it would have to be sewed on, and I
 do not care for the job.
 What are cats here for? What gets
 more abuse than a cat in a great
 many homes in this country? What would farmers do without cats? Use the cat right, for they arc here for a purpose, and will serve that purpose if properly handled.
 The days of the Pied Piper have passed, never to return. We have got to have cats, despite licenses, tags, to- mato cans or bags.
 l am a friend of cats and always have been since a friend of mine who I lay at deaths door for thirteen days i after being given up ny doctors, was saved by fresh skins from eight cats | This man owes his life to those cats 1 l have only one eat but would 1 have saved two hundred chickens last 1 year if l had kept more eats. ] $. NJ. COFFEY. l Brooklyn, Conn, L-arch 25, 1919.
Norwich bulletin., 1919-03-27
PROVIDING THE OUTLETS.

There is not much of a disposition to listen when Germany declares that it will not do this and that in connection with the signing of peace terms, for the conduct of Germany has been such that it is entitled to no sympathy Tn fact the inclination is to see that Ger many is treated much the same way that there are good reasons for feeling it would have treated others had it been victorious.
 Just what is going 10 be done rela- tive to the giving Of Poland an outlet to the sea may not have been definite iy determined. but in connection with the discussion relative to the making of Danzig d Polish port and giving Po- land territory to connect herewith it could not be expected that Germany might enter serious protest.
 While the situation differs somewhat from that which prevails in the Adri- attic inasmuch as Germany is the lead CT of tho enemy nations. yet there is a similarity even though the indica- tions thus far arc not that the peace conference is planning to dea with them in the same way. Mucl support is given to the Italian clain to Plume because of the fact that the population of that port is mostly Ital- ian and to place it in Italian contro would operate to the best advantage for future peace there, but it cannot b. said that Poland is entitled to Danzis for the same reason. for Danzig is ad
 mittedly German. Jugoslavia can il time and with help develop port O its own otherwise than at Plume, bu such is not true of Poland. but the sit, nation it would seem could be cleared by the making of DanZig and Fiumt ports which could be used by these in terior countries without actually con trolling them. It of course is the .out let that is desired and the way tha will provide it with the least friction furnishes the best solution for futur peaceful rela tionS
Norwich bulletin., 1919-03-27
FOREST FIRES,

We have been having much rain during the past few weeks but it nev- ertheless has not taken many windy or sunshiny days to put the accumula- tion of leaves and underbrush in ex- cellent condition for the quick spread ing of fires. It is what can be expect ed al this time of the year and it is what every possible effort should be made to prevent.
 Not only do such fires very frequent y threaten dwellings or other build iugs but they are often the means of destroying thousands of dollars worth Of standing timber or seasoning cord wood. There are many ways in whicf. fires Of such g character are kindled, There are the unavoidable instances where tho human agency is not 10 blame but more often it is a case of lack of care or good judgment.
 This i5 a time when much cleaning up Is being done and tha burning over of land is attempted regardless of the Tact that high wind may be blowing or that insufficient attention is given To the progress of the fire until 1t has gotten into decidedly dangerous prox- iulty to buildings or woodland. Again it iE frequently the case that such 8 burning ia' started with little or no thought oi what it may lead to anC with no regard for the rapidlty witl which L will spread in all directions.
 Not ilLraorC1t'v are bad fires kin. dled lr those who are eara7sing upor the property Of others ard thought lessly throw lighted match or other 1irebrands such as discarded smoking material into Inc tiuderiike carpeting There IS d tremendous waste caused each year by the woodland fires O spring and autumn, and a considerabl, proportion of them could be prevented if there was only the proper amour of attention given to such an import ant detail by those who are responsi ble. A little bit of forethought count more than all the regrets after tn damage has been done.
Norwich bulletin., 1919-03-27

this part of Germany untouched by
 actual war there was a suggestion
 along the railroad lines that all of the
 railroad employees had joined the army.
 in it's withdrawal across the Rhine.
 All along the lines the engineers
 found the switch tower: deserted and
 in the trip from Tricr to CoblC<z at
 no point did any German Officials make
 any attempt to stop them or even in quire into thcir mission. Tho Ger mans had left nos records so far as the Americans knew. of their ,omplicated interlocking system of tracks, and at various points it was necessary to try many combinations to switch a train from one track to ano1her. The en- sineers encountered no obstacles a r. where.
 The Thirty seventh engineers. com posed of 1.600 men, was organized al 1 Fort 4lyer. The regiment is composed i of picked men from thirty. eight army camps. and the personnel represents 1 every state in tue Union. The Thirty l seventh left CoOlenz for home January 1 Il being the first regiment of the army of occupation to leave the Rhine l for the states.