davidaulloa/AmericanStories huggingface dataset:
The Washington herald., 1920-04-27
Supreme Court Orders Reading
To Segregae All Properties

The Federal government yester-
day won a sweeping decision in the
Supreme Court when the court up
held it's Indictment for violation of
the Sherman antitrust law and the
Hepburn commodity law by the
Reading Company. having many
subsidiary coal and transportation
companies. Its decree compels COM
plete dissolution of the companies
now organized. and provides for the
distribution of its stocks and as
sets. The court held that the great
power lodged in the Reading Coal
and Iron Company. which is the
combination Of the railroad and the
coal company, is a ''flagrant viola
tion OF the antitrust laws of our
country" The suit grew out of
the financial reorganization of the
Reading and associated lines in 1896.
The court held that the reorganiza-
ton of the holding company was an
attempt to evade the antitrust law
and the constitution of Pennsyl-
vania.
The great power of the combine
was used in plain violation of the
antitrust law" said the court.
Readings entire investment hold
ings exceed 100000 900. Based on
their present market values, how
ever. their actual intrinsic value Is
undoubtedly greatly. in excess of
that figure. Estimating the value
of Readings investment holdings
on a $3.50, 100000 basis, would give
the Reading shares value Of
around $50 per share. The coal
properties alone are estimated to
be worth between $40 and $50 per
share.
Reading owns all issues of stock
of the Philadelphia and Reading
Railway Company, totalling s42,-
4S1, 700, and of the Philadelphia and
Reading Coal and Iron Company,
amounting to ss.0O0,0o0. The COM
pany also owns S14,450,0 200, out of
a total of s27.436,S0O stock Of the
Central Railroad of New Jersey,
which In turn owns $3.50, 400. out
Of a total of 80, ,21O.00 stock of the
Lehigh and wilkesbarre Coal Com
pany.
The Reading Company also owns
used by the Philadelphia
and Reading Railway, carried on the
Reading Company's books at s43.-
s90.41s, besides floating equipment
at f4.331,267, and equipment pledged
under trust certificates at $20,OSs,-
s23 Real estate Is valued ON It's
books At sts7sI.4s5, consistink
The Washington herald., 1920-04-27
COTTON MARKET
SHOWS SHARP ADVANCE

New York. April 2s.-Reports Of
wet weather in the Central and
Eastern belt, where It is not need
ed. and a deficiency OF moisture in
Central and Southern Texas. where
II Is urgently required, led to A
good demand for cotton today and
the market advanced sharply Out
side buying was In evidence, and
there was active eoyering, as well
as replacing. Of contracts that had
been sold out on recent declines.
Initial quotations were 10 points
lower on May. but other positions
were IL to 55 points higher. The
demand was large. and after the
start quotations went upward quite
as rapidly and. excitedly as on any
OF the declines of last week. The
reviva1~of apprehension about the
crop found the market in a strong
er technical position after the heavy
liquidation Of last week. Before
the rise was checked old crop
months were selling SIS to o. points
and active new crop deliveries 100
TO slIS points above Saturdays
close.
The Washington herald., 1920-04-27

HrlceS previous to 1915 were
quoted at per cent of par instead
of dollars per share. Readings
par value is $50 per share.
The Reading Company reserves
the right to redeem at any time,
either or both classes Of it's pre-
ferred stock at par in cash, IL al
lowed by law. The preferred and
common stocks having equal vot-
ing power and in liquidation or
dissolution of the corporation will
share equally in pro rata distribu-
tion of assets.
The New York Central and the
Baltimore & Ohio Railroads own
between them approximately 43
per cent OF the entire. amount of
the three classes Of stock outstand-
Ing. ss .s,5 q ~
The Washington herald., 1920-04-27
Standard Assets Corporation.

New York, April 2s.-At the an
nual meeting of the Standard AS
sets Corporation today the report
for 1919 was submitted. 1t showed
sales of capital assets during the
year of &346.sO4 with a profit OF
s49,493 and income from operations
s24,523. After deductions for ex(
peases. etc, of S44,2l2 to provide
for the depreciation from the sale
of capital assets a surplus for
year of s4,73o was shown.
Retiring directors were re-elec-
ted.
The Washington herald., 1920-04-27
Independent Pneumatic Tool
Company to Increase Capital

Chicago. April 26.-Directors OF
the Indepe ndent Pneumatic Tool
Company have adopted a resolution
recommending that the capital.
stock OF the company be increased
from $4,000 shares, par value slOa.
to 10000 shares OF no par
value. and that this new stock be
distributed to stockholders on basis
Of three shares OF new for each
share of old.
A special meeting Of stockholders.
has been called for April IS 10 act
on this recommendation.
The Washington herald., 1920-04-27
MONEY.

New York, April 2s.-The duIlness
In the market for SO-day funds
was unrelieved today. Offerings
were at q minimum, and the re-
cent nominal quotations of S1-2 to 9
per cent on industrials were cur
rent. The money position here ap-
pears to be stronger than In the
interior. where demands for credit
do not appear to show any abate-
ment
Primo mercantile paper is firm
in tone with per cent a minimum.
Prime member bank acceptance bills
for 30 days quoted at SIS per cent.
Call loans on acceptanceS are un-
changed at 5 1-2 per cent. Z.
Call money ranged at I per cent
all day.
The Washington herald., 1920-04-27

mostly OF waterfront property in
Philadelphia.
Aside from its stock interest in
the coal and iron company, the
Reading Company holds an open
book account debit against that
company. which on December 81,
1919, was $6O,9l9,77O.
The Reading Company's other Sc
curity holdings include 100000, 900
bonds of the F. P. and K Railway
and s24,5S7,500 bonds of other COM
panies, mostly leased lines and sub
sidiaries of the Philadelphia and
Reading Company. 1t has also
charged these subsidiaries with
S10,647,135 of advances for improve
ments.
The following table shows the
Quotations in Reading common
stock on the New York Stock Ex-
change since 1901:
The Washington herald., 1920-04-27
PTTTSBURC STEEL EARNINGS.

New York, April 2s.-Pittsburr
Steel Company reports for the nine
months ended March 81 last. sales
of Se0.l92,63S against Se6.02S.eo3 In
same period 1919. Net profits after
setting aside estimated income and
excess profits taxes. tl.l5o.5O come
pared with Sl.ST9.eoS in same PEI
riod 1918.
The Washington herald., 1920-04-27
COPPER RANGE co. EARNINGS.

New York. April 26.-The annual
report of Copper Range Company
for 1919 shows net income Of 1912.
653. equivalent to S2.46 a share.
compared with s2,s97,615 or s7.34 a
share in 1913, and s4.a66 6,s2f or s Il. so
a share IN 1sl7s and ss.D7s,issy or
$3.50 a share IN 1915.
The Washington herald., 1920-04-27
New England Investment
Company Declares Dividend

Boston. April 26.-The New Eng
land Investment Company has de-
clared a stock dividend Of 100 per
cent.
The Washington herald., 1920-04-27
MLIS-CHALMERS.

! New York. April 26.-The AlIis-
Chalmers Manufacturing Company.
Inc, reports sales billed for the
first quarter of this year amounting
to S6,320,5sS and net profits after
all expenses including re-
serves for Federal taxes Of s7s7.2l5.
The untitled orders on hand March
81 last amounted to s1e.442.791. The
report by months follows:
Sales billed Net profit
January L.. sS67.6sl s2is.520
February 3. 1889 e7o.320
March 2... .s1,2l5 2Ts.375
The Washington herald., 1920-04-27
NATIONAL. MARKETS #==- FzEzE g#zE EHE
Local Securities.

vssAinrten ssssk x.sA.ss~.
ouotstions- for ie2o % datr.
FURNISHED By hoornsad q EImors.
The Washington herald., 1920-04-27
FURNISHED MoORHEAD q EMoRxD
Members New York
+ - + IIBERrY BoNDs 81
OTHER UNITED STATES BoNDe
RAILROAD BoNDa

- = ~ .tra Iee
hus- els
Atch-. Top. q Santa Re gen. n, 1895. y
aten.. Top. q santa Re conv.s "a. 1890 q
BaitiInore a Ohio gen. 4s. is4s., s.
Baltimore 4 Ohio ref. Cs, 1885 . B
Baltimore q Ohio conv. 4Ks, isss. .... 5
Chesapeake q Ohio conv. Is, Is4s. 4
Cnesapeake 4 Ohio conv. 4hs. 1850. q
chicago Great Western lst A.: 1859 b
Cal, NIL. st. Paul COW. AIS, 1852. q
chicago, Il. l., Pacific ref. 4s, 1884 4
Denver Rio Grt,de 1st ref. 5s. 1885 4
Erie conv. As, series d. 1853, a
Erie sen. u. 1895. ....s...,.,... a
Missouri Pacihe ken. A. 1875. ..,, k
n T. central conv. deb. es. 1885. ....., 8
MIsCE
Amer, 7. q T. cony -ss. 1922. :. 0,
Amer. I. d col trust 5s, 1916. -. II
Hudson q Anh. sef. Be-, 1857. s
interbo. Metro. as. 1855. ...., i
interbo. Il, Trans. 5s. 1895. ..... x
y. Y. Tel. fhs, 1889. 9................ Il
Amer. snelt. Ref. lst mtg. 5s, 1917 Il
The Washington herald., 1920-04-27
CURB STOCKS.

Furnished By W. b. Hibb, q %.
The Arizona copper camp., 1920-10-09
MULLEN MAKES
GREAT Showing
IN COAST SHOOT

w. E. Mullen of Ray was eleventh
in list of 73 shooters on R. H. Bun
gay Day at the Los Angeles Gun club!
Mr. Mullen broke 1876 out of $50 tar
gets, just ten less than the record
made by o. N. Ford, the trophy win
ner. In the practice shooting Mr.
Mullen broke % out of 25 birds.
The following account of the shoot,
taken from a coast paper, will be Of
interest to Ray Gun club fans:
Double barreled, singles and
pumps volleyed and thundered
throughout the sunlit hours yesterday
at Fred H. Teeples Los Angeles Gun
club trap-shooting pasture, volleyed
and thundered as they haven't since
the last registered tournament, now
matter of shoot history.
'To volley and thunder in such
state there must have been a reason,
an incentive, or, as a man of military
ideas would say, an objective. There
was, for the club was putting on the
complimentary shoot to Robert H.
Bungay, considered today as the
greatest living trapshooter and a man
with many titles. He is called every
thing from the Merchant of Venice to
Bust 'em all Bob
This complimentary shoot, .150-tar-
egt jackrabbit affair, brought out sew
enty-three shooters and resulted in
o. N. Ford, visiting shooter, making
high score and winning the trophy up
in the Glass A shooters P. o. Long
won in Glass B, Dink Dascom in Glass
C, and Mrs. Carl Schilling and c. w.
Fish in Glass d. For their achieve
ment in the recent Leach shoot, tro-
phies were awarded to Ed Boehing,
Mrs. Groat V. H. Goodman and ]. F.
Patterson. Bungay was to have been
present at the shoot, but was delayed
on the return trip from the east,
where he ran up high over all in the
Grand. American Handicap with a
score of 76OxSOO."
The Arizona copper camp., 1920-10-09
SENSIBLE ADVICE ON
FEEDING OF CHILDREN

"Nourish your body thoughtfully
and it will sustain your thought"
The child is the adult of tomorrow
The kind of food child has today
determines to a considerable extent
the fitness of the future citizen. Those
who direct the feeding of the child
have a responsibility which cannot be
overlooked Good food habits should
start today. Tomorrow is too late.
Some one has said that "the safest
and surest way to start a child on the
right road to success is to develop his
body properly and to furnish him with
every opportunity and condition of
good health Plenty of wholesome,
food is absolutely essen
tial to health. Not only let us con-
slider the comfort and health of the
child, but we believe the proper diet
will prove economy in time and labor
as well as actual cost of food.
The Arizona copper camp., 1920-10-09
LIST OF OWNERS
Being SUED FOR
TAXES YET UNPAID

FLORENCE, Oct. S-Following is
list of property owners against
whom actions for delinquent taxes
have been brought in this county:
Geo. Parker, G. M. Robertson, J. ".
Ortego, VIM. G. Nelson, Neal Scott,
Merriman & Guild, Gila Valley Irri-
cation company, George o. Green Cal
umet and Copper Creek Mining COM
pany, a corporation; S. Burker, John
B. Nafziger, Leigh B. Putnam, w. T..
Armstrong, Arizona Hercules Copper
company, Fred Garrish, Alice R. Mich
OILS, Peter Wilmer & Lyman Freer,
High Jinks Mining company, Ventura
Espinoza, Everett L. Bell, r. B..
Teeter, Chas. Phillips, Arthur Min
derhall, Donald B. Jones, Edward A.
Thomas, Casa Grande Valley Water
Users association, L. T. McCann, Kirt
Cart, Standard Copper company, Eve
lyn McMurren, Simon SaenZ, w. j.
Hornstman, Alma G. Mcpherson, Su-
perior Amusement company, Frank
Buzan, F. M. Sanders, Columbus Land
and Cattle company, Julia H. Weiss,
D.. F. and A. P. Kleinrhan, John R.
Howard, Hazel Sanderson, Sterling T.
Peterson, H. H. Bartlett, R. G. Young,
Manuel Arriza, Arizona State Mining
and Smelling company, James Sar-
gent, Charles A. Swingle, Herbert
House, Kelvin Development company,
John ]. Barker, James Mccoy, Eddi-
son Moffitt. Solon Mason, John L.
Geltsmacher, George S. Thurber,
Clarkson Cowl, Daniel Buffers, John
P Grier, Alfred Wilson, Ike L. Elliott,
Mrs. Francisco Cora, North Pinal
Mining company, Central Mining and
Development company, George w. Cox
& ]. P Conmy, w. P. Dunham, Fred
erick j. Ahlborn, Carmen Simpson.
George w. Glenn, Jessie M. Jacobson
Frank Cain.
The Arizona copper camp., 1920-10-09
GLEE CLUB is
ORGANIZED At
LINCOLN SCHOOL

Under the supervision of Miss Car
rol, instructor in music and art in the
Ray schools, glee club has been
established. The club has jumped
right into business.
At it's first meeting on Friday, Sep
temt'er "a, at the Lincoln grammar
school, the following were elected:
President-Ruby Kinsey
Observation-Disclosures Stuck.
ecretary-Florence Mckee.
Treasurer-Thelma Mckee.
At second meeting, on October 1,
a Halloween party was discussed and
planned for October 30. A good time
is in store for members and their par
ticular friends.
1t is hoped that the people of Ray
may have the pleasure of hearing the
club in the future.
The Arizona copper camp., 1920-10-09
REMOVING CAUSES OF
ACCIDENTS IS MOST
LAUDABLE MOVEMENT

The value of human life has come
home to us with great emphasis dur
ing the recent years of war and re.
construction.
True, civilization in its progress has,
from humanitarian standpoint,
thrown safeguards in increasing num-
ber around danger areas in industry
and for the public; but as never be-
fore, we have come to realize the
great loss to the family, community
and nation in the taking of human life
from whatever cause, and in the Grip
ping of persons that impairs or de-
stroys ability for self-support. Per-
manent disability of workers not only
cuts off their personal contribution in
production for public needs but often
necessitates care from other men,
bers of the industrial army, thereby
increasing the loss.
Compensation laws and relief are
entirely praiseworthy, hut the great
work now being done with fine intelli-
gence to remove causes and opportu-
mites for casualties is much more to
commended. A further advance is be-
ing made; for the employer, workman
and the public are being educated, in
order that by their cooperation and
intelligence all accidents may be re-
duced to a minimum.
Too much cannot he said for the
organizations, both public and private,
that are doing this work SO intelli-
gently, not only through the employ
ment of mechanical safeguards, but
by bringing about such cooperation
among workers that each realizes the
duty he owes to himself and to his
fellow workers.
What greater motive can occupy
the mind Of the employer than that
his workmen shall be fully protected
or of the workman, than that by no
careless act of his will he become an
Industrial liability or cause hurt to a
fellow worker if he can prevent it?
Organized effort toward safety in
every occupation is great work and
a most worthy one.-Joseph H. De-
frees, President, Chamber of Com
merce of the United States.
The Arizona copper camp., 1920-10-09
CAMERON POLICY
WINNING FAVOR

With that dynamic vigor which
characterized his fight for statehood
when he represented Arizona in con-
gress, Ralph H. Cameron, republican
nominee for the United States senate,
is conducting a campaign which is
fast winning him favor in the ranks
of the most ardent democrats as well
as among the followers of the G. o. P.
Mr.. Cameron is making a business
campaign rather than partisan ap-
peal. Although standing for the prin-
ciples of the republican party, he is
asking that firste consideration he
given the important business of de-
veloping a greater Arizona.
Reclaim the arid lands and utilize
the wonderful resources which we
have, in this state, and Arizona will
become a synonym for prosperity and
happiness" he declared to meeting
which taxed the capacity of the Tue
son armory the other might.
Included in the constructive pro-
gram which he has mapped out for
Arizona, Mr.. Cameron stresses the i'm
portance of the immediate construc-
ton of the San Carlos dam and the
realization of the Colorado river prof.
ect which will assure sufficient cleo
trical energy to furnish cheap power
for mining, commercial, irrigation,
pumping and domestic purposes for
all the state, he says.
81 have given many years of in
tensive study to the program I intend
to follow after taking my seat in the
United States senate" says Mr. Cam
eron," and believe I have a thorough
understanding of the more important
problems attendant upon the develop
ment of Arizona"
In his Nogales speech, Cameron
said:
From the democrats we have the
assurance of Governor Cox that he
will return TO Arizona after he is
elected and take several days to study
the situation here. 1t is presumputu-
GUS for any man to assert he can
grasp the problems of the great state
of Arizona by flying excursion.
Il blazed the first trail on the south
-. L.
RADIO in Arizona in 1883 and have de-
termined the logical locations for the
damming of the Colorado river. AT
ter devoting years of study to the con-
ditions, my plans are definite, and all
l ask is chance to work them out"
James r. Dunseath, republican NOM
inee for congress, is making the state
wide campaign with Mr.. Cameron.
The Arizona copper camp., 1920-10-09
BURSTING OF PIPE
CAUSE OF Stir At
YARD OF NO. | Mine

A pipe hurst on Monday, October 4,
in one of the air lines leading from an
air compressor in the compressor
building of No. 1 yard in the Ray Con-
solidated Copper company.
The bursting pipe caused a loud ex-
plosion, and at first it was thought
considerable damage had been done.
A small fire started in the building,
but owing to efficient and prompt
work on the part of the fire depart
ment, it was quickly extinguished.
There were two men on shift at the
time. The shift engineer, Charles
Bergstrom, escaped injury, and his as
sistant, Harry Gold, suffered a rather
severe cut on the face and a contu-
sion of the shoulder, and was
drenched with oil, but escaped serious
injury.
In consequence of this the mine was
shut down Monday, October 4, but re-
pairs were made and the machines
were in condition by Tuesday morn
ing.
The Arizona copper camp., 1920-10-09
OBSERVATIONS IN FRANCE, BELGIUM,
and ENGLAND BY Stone and WEBSTER
PROVE FULL OF INTEREST TO AMERICA

Charles A. Stone and Edwin S. Wei
ster, after trip from Verdun along tn,
line of battlefelds to the sea, say. il
part, in the Stone and Webster Jour
nal: The reports we had read of tire
mendous destruction and devactatior
are not exaggerated Practically ev
cry village on the entire route i.
ruined. and great many thousands
Of acres have been entirely ploweC
up In shell holes. In other regions al
the fruit trees have been sawed close
to the ground.
The peasants have come back anC
are working from daylight until darl
in the fields, and in reconstruction oi
the villages. 1t seems amazing that
in so short time very large proper
tion Of the battlefelds should be rails
ing crops; yet in great many places
a large field would be leveled and
growing crops, while the territory on
all sides would be so badly torn up
that it seemed it would take years to
get it into shape. They expect record
crops in France this year.
The impression we got was that
substantially the whole of the battle
fields were under cultivation at pres
ent. Reconstruction in cities and vii.
lagos will take much longer, but good
progress is t'eing made. In larger
cities a light railway track used for
transportation during the war is be-
ing laid and material moved. All
stone and brick that can be used again
are cleaned and stacked up along the
road, and the people are working, as
in the fields, from daylight until dark.
A large portion of the people are
living in partly reconstructed houses
or "lean-tos." In some places, such
as Lens, large number of portable
wooden. houses have been put up to
shelter the miners as that town was
destroyed. There was but one corner
of the cathedral standing above the
ground. The French apparently want
to rebuild their houses substantially
as before. In some larger cities re-
construction is substantially complet-
ed, even where much damage has been
done. Soissohs, although in the midst
of some of the severest fighting, is
practically rebuilt.
People Healthy, Cheerful, DiIigent
The people, including children, all
over this area look perfectly healthy,
cheerful and perfectly normal. 1t
would seem that the French, while
working for themselves, do not pay
any attention to hours and are going
ahead with agriculture and reconstruc-
tion with the idea of working as hard
as they can during the entire time the
light permits. The result is bound to
be surprising to the world, and, if
followed up in general industry, will
make for still more rapid progress
in ultimate recovery of France.
The Arizona copper camp., 1920-10-09
SAVER HERE; finds
RAY STRONG FOR
tom CAMPBELL

Mr.. George Sayer, prospector and
mining man from the Ajo region, ar
rived Elm Ray Friday, preaching the
gospel of Tom Campbell for governor
Mr.. Sayer is a typical prospector of
the picturesque type, now almost OBJ
solete He knew many people in Ray,
and said his greatest trouble was
finding someone to talk to about Tom
Campbell. He said he was looking
for democrats only, but that most of
those he found indicated that they
were going to vote for Campbell, so
he decided he would move on to the
next camp.
The Arizona copper camp., 1920-10-09
M'CANN WINNER
over CARTER IN
miami CONTEST

Ray fans who were watching the
bout, will be interested to learn that
Billy McCann, Cleveland lightweight,
was awarded the referees decision at
Miami Thursday night in his bout with
Tommy Carter. With the exception
of the second and third rounds, Nc
Cam, had his opponent at his mercy
and shaded him in every department
of the game Although McCann had
Carter in a bad way several times,
the latter's excellent physical condi-
tion enabled him to weather the the
ten-round bout.
The Arizona copper camp., 1920-10-09
PROMINENT RESIDENTS
OF NOGALES VISIT RAY

o. B. Glover and Mrs. Glover ar
rived in Ray this week from
Nogales to visit his brother, J. A.
Glover, and family. Mr.. o. B. Glover
is one of the prominent mercantile
and mining men of the border town
and is travelling through the state of
Arizona for pleasure. He is making
a collection of curios. This is their
first trip to Ray and they are very
much pleased with the substantial ap-
pearance of this community.