davidaulloa/AmericanStories huggingface dataset:
The Brookings register. [volume] (Brookings, Brookings County, S.D.) 1903-1971, 1921-02-10
ST ERL!NG

Peterson Brothers have been hauling
gravel the past week in preparation
for the remodeling of their house next
spring.
Oliver BOrtness of Bookings, is
again helping his brother Arthur with
farm work.
Wright Grudem has engaged Grant
Rude TO assist him in hauling hay,
grain, etc.
Arthur and Philip Peterson attended
an entertainment given by the Will
ing Workers in Volga last Friday
night.
Ole Rebne and sisters, Miss Bessie
and Mrs. Julia Rude and Theodore
Rude called on friends south of Volga
one day last week.
Arthur and Oliver Bortness shelled
corn for Cordes brothers several days
last week.
Carl Hovey was a business visitor
in Brookings last week Tuesday.
Theodore Rude called on Clifford
Girton Sunday afternoon.
Otto Peterson was a guest last Fri
day night at the home Of Ed. Rymer-
son near Toronto.
f. c. Girton was a business visitor
in Volga Tuesday.
The Brookings register. [volume] (Brookings, Brookings County, S.D.) 1903-1971, 1921-02-10
ALTON

Friday evening the Alguire elevator
was burned to the ground with its con
tents. The reflection of the fire could
be seen for miles from Bushnell. The
extent of the loss is not yet reported.
j. d. Mcmillan and sons were bust
ness callers at Brookings.
The following was taken from the
Webster City, Ia, Journal: "Satur-
day evening, January Is, at the A. f.
Burnham home, near this city, was
solemnized in the presence of the i'm
mediate relatives. the wedding of Miss
Esther May Burnham, daughter OF
Mrs. j. d. Mcmillan of Bushnell, S.
d., and Mr.. Earl A. Iliff, son of Mr..
and Mrs. James Iliff of West Union,
la. The bride is a charming and tai
ented young lady who has taught
school for a number of years. The
groom Is a young man Of many ster-
ing qualities. Mr.. and Mrs. Hin have
gone on a short wedding trip. They
are as yet undecided as to where they
VIII locate" The bride was a native
OF this state and f~avorably known
as a teacher for several years before
going to Iowa.
The Brookings register. [volume] (Brookings, Brookings County, S.D.) 1903-1971, 1921-02-10
OAkWOOD-WINSOR

Thos. Van Rocket spent Monday at
Gust Leite's.
Mrs. August Nelson spent Friday
afternoon at George Erickson's.
Miss Helen Royig visited at the
Jones home Monday and Tuesday.
Mr., and Mrs. Rumple and children
and Mr.. and Mrs. Clarence Bell spent
Sunday at Smiths.
Erwin Leite is out Of school this
week with the humps.
Mr.. and Mrs. Oscar Lee and Mr. and
Mrs. Fred Williams spent Sunday at
the home Of August Nelson.
Most Of the neighbOrs attended the
sale at Charles Smiths Monday. A
large crowd attended and everything
sold well.
Mr.. and Mrs. Aug. Nelson visited at
the Gust Leite home Tuesday evening.
Miss Ida Nelson came home from
whore she teaches, north of Bruce,
Friday evening and stayed until Sun.
day.
Mr.. and Mrs. Fred Williams and Mr..
and Mrs. Harry Nelson and daughter
and Mr.. and Mrs. c. L. Watson and
children spent Sunday evening at
Chris Nelson's.
The Brookings register. [volume] (Brookings, Brookings County, S.D.) 1903-1971, 1921-02-10
PRESTON

Mrs. l.. A. Lehner left last Satur-
day morning for her home in Redfeld
after visiting with her daughter, Mrs.
Jesse Swift and family.
Mrs. Lorraine Eddy was a guest of
Mrs. Jane Kinney last week in the
E. r. Kinney home.
+. j. Gredvig was a county seat Wis.
itor on Wednesday of last week.
Mr.. and Mrs. Victor Swift arrived
Tuesday morning from Brookings ard
have taken possession of the Arson
Swift farm where they expect to re-
side.
A large number of friends and neigh.
bors sprung a very pleasant surprise
on Mrs. Jane Kinney last Wednesday
evening, the event being her 81st
birthday. She was presented with a
box of candy and a purse of money
as a remembrance of the happy occa-
sion.
Mrs. f. j.. Gredvig and Mrs. E. r.
Kinney were Badger visitors Sunday
afternoon.
Miss Veryl Ford of Bruce, spent Sat
urday with friends in Preston.
Miss Florence Kean and Edwin Lee
of Estelline, spent Sunday evening at
o. T.. Lees.
Mr.. and Mrs. c. W.. Kinney and fam
lily visited Sunday with relatives in
Bruce.
The community meeting held last
Saturday in Preston church was en-
joyed by a large number of people.
After the dinner a program consisting
of music, readings and talks by visit
ing ministers was rendered. This af-
fair is the first of its kind ever held
in this community and all who were
present will unite in the opinion that
it was an occasion which is well worth
repeating. The visitors from out of
the neighborhood were Rev. and Mrs.
Fish and family of Bruce, and Rev.
Mrs. Allison of Estelline.
The Brookings register. [volume] (Brookings, Brookings County, S.D.) 1903-1971, 1921-02-10
HIGHLAND

The surprise party at the Alfred
Balzer home was a success and every
one had a fine time.
Mrs. l.. Rische entertained the II.
II. S. last Wednesday. A large crowd
was present.
A number from this vicinity at
tended the masquerade ball at Ward
Friday evening.
A surprise party was given at the
l.. Rische home last Thursday even
ing, the occasion being Mrs. Rische's
birthday. A large crowd attended.
Dancing was the amusement of the
evening and every one had a very
good time.
Miss Gladys Pearson is i'll and un
able to teach school, so Miss Edith
Kinney taught in that district the last
week.
There was a Farm Bureau meeting
in the school at district No. 81 last
Thursday evening. A number were
present. Mr.. Boyts gave a lecture.
The Brookings register. [volume] (Brookings, Brookings County, S.D.) 1903-1971, 1921-02-10
FOUNTAIN

S. SeliX returned Sunday from a
nesota.
Mr.. and Mrs. Frank Hussey and son
and Mr.. and Mrs. Gail Seas spent Sun
day at the James Bane home.
A party of about thirty neighbors
surprised Mr.. and Mrs. Engel on
Wednesday evening. The time passed
with dancing and card playing and
refreshments were served.
Mr.. and Mrs. Glen Lundeen called at
the +. c. Buettner home on Sunday
evening.
Claud FELTON, spent Saturday and
Sunday at the George Garrison home.
A party of young men spent Tues
day evening with Albert lessen.
Misses Nellie Buettner and Ruth
Engel called at the Garrison home on
Wednesday.
Mr.. and Mrs. Theo. Rossman Wis
tied the John Harms home on Sun
day afternoon.
Harold Eberlein and Lulu Buettner
spent the week end in their respective
homes.
Mrs. a. ]. Engel and Marshall spent
Wednesday at the II. +. Kruger home
in Brookings.
Mr., and Mrs. +. c. Buettner and
family visited at the Yves. Pogue home
on Sunday.
a party of young people were en-
tertained at the Nj. Nussbaum home
on Saturday evening. The evening
was spent in playing games and re-
freshments were served at midnight.
a good time is reported.
Miss Anona Garrison visited her
friend Nellie Buettner one day last
week.
Mrs. A. j.. Engel called on Mrs.
Glen Lundeen on Monday afternoon.
Mr.. and Mrs. Guy Maryland were
visitors at the Fred Wiseman home
in Brookings on Sunday.
Mrs. Gail Seas spent a few days
this week at the Bane home.
Ruth and Frances Engel, Louis and
Harold Eberlein and Floyd Engel were
Sunday callers at the F. C. B~uettner
home,
The Brookings register. [volume] (Brookings, Brookings County, S.D.) 1903-1971, 1921-02-10

demand for hogs and a fairly stable
market in that division, a continue
ton If price discounting on cattle to
new low levels for the season, a break
of $3.50 in veal calves, and a severe
drop in lamb values, putting very good
fed western lambs under $500 for the
first time since before the war.
Deiation was again the order in the
cattle division and all classes show
uneven declines of from 25c to soc
during the week. The best cattle At
St. Paul during the week sold at $3.50,
that price being realized for light,
medium and strong weight beef steers
as well as for a load of 1880 pound
feeders on the fat cattle order. A
fair showing of sales was noted from
1915 to around $500, with $500
$3.50, catching the bulk. Some load
lots of steers selling from $5.75Q5.90
during the week had been on feed
for some time and were in fairly de-
cent killing condition. Best heifers
this week brought $500, with choice
COWS up to $500 and bulk of cows
and heifers at $4.00&5.50. Gamers
and cutters sold from $2.5003.75 on
a weak to 25c lower market. Follow
ing a gain of SOC last week, veal
calves have been severely discounted,
a loss of $3.50 placing tops at the
closing at $3.50, lowest of the year TO
date. Stocker and feeder prices
showed moderate losses during the
week.
The hog market has given a cred
table account of itself, daily aver
age costs during the week ranging
from $9.10m9.30, showing compare
lively stable conditions. Prices at the
close range from $S.O009.65, light and
light butchers from $9.25@9.65, and
medium and heavier weights $500
9.25. Best pigs sold at the close from
$10.00@10.25. Very good fed lambs
sold at $3.50, with fair to good natives
from $7.50@S.25. Best ewes are clos
ing at about $500.
The Brookings register. [volume] (Brookings, Brookings County, S.D.) 1903-1971, 1921-02-10

former resident of Bushnell, they have
many warm friends here who extend
them their heartfelt sympathy.
+. a. flanders made a business trip
to Sioux Falls Tuesday.
Mrs. j. w. Klimes was taken sud
denly i'll the first part of last week
but IS much improved at this writing.
Miss Lois Huska and Frank Glen
Of Aurora were visitors Saturday a.
the home of the formers aunt, Mrs.
Iva Bailey.
4 number of friends gathered at the
John P~oppingo home Wednesday even
ing and gave Mr.. Poppingo quite a
surprise, that day being his Gath birth
day. y happy evening was enjoyed by
all.
Mrs. VIM. Donaldson, Mrs. Fred Nit.
tan and son Theos, were callers Fri
day at the w. S. Spaulding home.
Word was received that Harry Ell
ston, who is in the navy in California,
is i'll with the scarlet fever. His many
friends here wish MIN a speedy re.
coyery.
Doris Bailey was entertained for din
ner Wednesday at the home of her
friend, Lylah Klimes.
Fern Judd, who is attending high
school in ElktOn, was absent the first
part of this week due to illness.
Church NOtes-Morning worship, II
a. m; Sunday school, - m; evening
worship, 1880 p. m; prayer meeting,
Wednesday evening, 8 p. m. All are
cordially invited. Rev. VIM. Donald
son, pastor. .
The Brookings register. [volume] (Brookings, Brookings County, S.D.) 1903-1971, 1921-02-10
AURORA

Theodore Hill Of Canton, was in Au-
rora or business Saturday.
A parcel shower was held at the Mrs.
Grace Short home Thursday evening
in honor Of Miss Lois Huska, bride
elect. The Misses Nola, Eva and Edna
Johnson were hostesseS. The evening
was spent in games and a general good
time, and a delicious lunch was served
at midnight. The guests departed at
a late hour wishing the happy couple
the best Of luck.
Miss Alta Culver spent the week end
at her home at CavOur.
Miss Gurina Gilbertson spent the
week end with her folks in Brookings,
Mrs. Mary Hiltz spent Sunday Wis
iting friends and relatives in Volga.
Mr.. and Mrs. O. +. Short and son
Dale and Mrs. Delbert Pike visited
at the Z. J. Korte home in Bookings
n day last week.
Mrs. G. A. Korte, Mrs. f. ID. South
ard and Mrs. f. j. Formanek were
shopping in Bookings Saturday even.
ing.
Miss Edna Lunschen spent one even
ing last week with Miss Marie Hem
mer.
The Brookings register. [volume] (Brookings, Brookings County, S.D.) 1903-1971, 1921-02-10
U OAKWOOD

Mrs. Joe Quetzel and Mrs. c. e.
Walston were visitors at Charles
Smiths last Saturday.
Miss Kate Daum spent Wednesday
of last week at Herman Johnson's.
Mr.. and Mrs. Olaf Amundson enter
tanned a number Of friends n even
ing last week at a card party. A very
enjoyable time was reported by all.
Paul Schwartz Of Mott, n. d., IS
visiting relatives and friends in this
locality.
Miss Helen Johnson spent the week
end with her parents, Mr.. and Mrs.
Herman Johnson.
Ed. Schwartz and Miss Lunetta
Stinehart were Brookings visitors last
Saturday evening.
Mr.. and Mrs. Charles Smith enter
tanned a number Of friends last Mon
day evening.
Miss Ida Nelson who is teaching in
Eureka township spent the week end
with home folks.
A number from this locality attended
the reception held in honor of Mr.. and
Mrs. Wayne Chapman last Saturday
evening.
The Brookings register. [volume] (Brookings, Brookings County, S.D.) 1903-1971, 1921-02-10
r ~BROOkINGS

Mr.. and Mrs. Ralph Allen and fam
lily drove to Sioux Falls last week Sat
urday and visited until Monday with
Mrs. Aliens parents.
Mr.. and Mrs. Charles Keck's chill
dren have been on the sick list the
past week, but are better at this writ
ing.
Mrs. Guy Smith was taken suddenly
sick last week Wednesday and it was
necessary for her TO be taken to the
hospital at Brookings where she I'M
derwent a slight operation Thursday
morning. She is getting along nicely
and Is expected home this week.
Mr.. and Mrs. Roy Ullman's little
daughter has been very sick the past
week, but is some better at this time.
The Community club gave a fare
we'll party in Wednesday evening of
last week at the Joe Dunlop home
in honor of Mr.. and Mrs. Henry HAN,
who are moving to Rock Rapids, la.
About sixty guests we're present and
enjoyed the evening. Light refresh
ments were served by the ladies, after
which in a short appropriate speech
F. B. Smith presented the couple with
a pyrex baking dish as a token Of the
clubs esteem.
Mrs. Jones of Sioux Falls is visiting
at the home of her daughter, Mrs. R.
Allen and family.
F. B. Smith and wife spent Monday
evening Of this week at the Lloyd
Schroeder home.
Mr.. and Mrs. Joe Dunlop visited
friends in Brookings Sunday.
Mr.. and Mrs. Lester Sloan enter
tanned The young people Of the Com
The Brookings register. [volume] (Brookings, Brookings County, S.D.) 1903-1971, 1921-02-10

Mrs. II. B. Severson and little daugh.
ter Joyce were shopping in Bookings
Saturday evening.
G.. d. Cheatham, G.. \. KoTte, J. y.
Allstat and L. A. Miller were fishing
at Lake Campbell Friday.
Mr.. and Mrs. f. l. Neal were shop
ping in B~rookings Saturday evening.
Rudolph Lungland of Grindstone, s.
D., visited his sisters, Miss Emma
Tungland and Mrs. +. \. Manion here
last Thursday.
J. L. Rudolph returned Saturday
from Marathan, Ia, where he attended
the funeral of his father, S. Rudolph.
He stopped at Arlington on his return
and brought with him his little grand
daughter, Ada Burns.
NJ. n. Burns spent Sunday at Airing
ton with his son, Calvin Burns.
Mrs. Paul Garry and little son, De
Wayne Of Iroquois, and Mr.. and Mrs.
Ehlers Of Paullina, visited last week
at the home of Mrs. Charles Burns.
Mrs. Burns is Mr.. and Mrs. Ehlers'
daughter and Mrs. Barry's sister.
Miss Marcella Murphy spent Sunday
with relatives in Brookings.
The Card club net at the home of
Mr.. and Mrs. c. f. Burns Monday even
ing. A fine time was reported by all
in attendance.
Miss Sophrania Rohn has resigned
her position as teacher in the school
here on account of impaired health. A
new teacher has taken her place.
Mr.. and Mrs. G.. l.. Goodrich and
daughter Barry of BrOokings, attended
the Card club at the C. Z. Burns home
Monday evening.
A number from here attended the
dance in White Tuesday evening.
Mrs. Grace Schmidt spent Monday
and Tuesday at the home of her broth
er, O. F. Short.
We heartily appreciate your attend
ance at Sunday school. Come each
Sunday and bring a friend. Sunday
'NiOoA IL q. III, tNClIllS NlNt, Low,
F. l.. Messner and Chas. Gaukel were
attending to business matters in
~Brookings Monday afternoon.
Mr.. and Mrs. Geo. E. Baker were
shopping in ~Brookings Saturday.
The Royal Neighbors adopted the fol
lowing ladies to beneficial membership
Wednesday afternoon: Petra Lassen,
Lillian Burns, Fern Neal and Lila Col
Inns. A r. y. of A. souvenir spoon
was presented Mrs. Agnes Goodrich,
who recently moved to Brookings.
and who will be missed by members
of Sunshine camp. Refreshments were
served TO the large crowd present, after
which a social time was enjoyed by all.
The Brookings register. [volume] (Brookings, Brookings County, S.D.) 1903-1971, 1921-02-10
BUSHN ELL

Several Bushnellites autoed to Elk.
ton Monday evening and attended the
supper and bazaar given at the st.
Mary's hall.
Mr.. and Mrs. Harry Bailey and fam
lily spent Sunday at the Wesley Elston
home.
Word was received here the latter
part Of last week Of the death Of the
infant daughter Of Mr.. and Mrs. Glenn
Stanley Of Watertown, who died Mon.
day, January 80, the cause being eri.
sepelas. As Mr.. and Mrs. Stanley were
The Brookings register. [volume] (Brookings, Brookings County, S.D.) 1903-1971, 1921-02-10

Monday evening Mrs. Irma Lenocher
assisted by her mother, Mrs. T. Cop
pings, entertained the Alton Larkin
club at the home of the former. The
gentlemen were guests Of honor. A
delightful lunch vas served. The ouc
of town members were Mrs. Colds.
berry Of Aurora, Mrs. T.. Fuerhelm Of
Bookings and the Misses Laura and
Elya Fuerhelm OF BroOkings.
Several Of the community young
people have been patronizing the rol-
Ter rink at Bushnell the past week.
The Brookings register. [volume] (Brookings, Brookings County, S.D.) 1903-1971, 1921-02-10
ORCHARD AND GARDEN

Nursery and seed catalogs are late
this year. The price of paper and cuts
makes them all the more valuable.
Study each one that comes to hand
carefully. Better order seed and
shrubbery early.
order a good supply of gladiolus
bulbs. There are few more satisfac-
tory flowers for garden and home use.
The named varieties are best. A few
good n e are Mrs. Frank Pendleton,
Chicago White, HALEY, Lily Lehman,
loneliness, Mrs. Francis King, Mrs.
Watt, Panama, Schwaben, and Willy
Wigman.
Wv. S. S.
In trying to win a girls heart a man
- cta. 1N-.. H. LNz
The Brookings register. [volume] (Brookings, Brookings County, S.D.) 1903-1971, 1921-02-10
CORRESPONDENCE


Advertisements In this column are 10 cents
per line. our correspondents Will take your
order and must remit at the same time,
otherwise they Will not be published.
The Brookings register. [volume] (Brookings, Brookings County, S.D.) 1903-1971, 1921-02-10
LIVE o MARK EFT

The live stock trade of the past
week has been featured by a broad
The Brookings register. [volume] (Brookings, Brookings County, S.D.) 1903-1971, 1921-02-10

In trying to win a girls heart a man
often loses HE head.
New-York tribune., 1921-03-02

tbs Tribune prints each day ths
maturity dates 81 all octivs bonds quoted
on the Nsw York Stoci Erchunas. The
return on q bond to the inuestor depends
upcn three factors: the rate Of interest
the security bears, the market price,
and ths distance Of the maturity date.
To figure The precise yifld OF bond 1t
is necessary to use yield tables, but The
eppracimG'r yield can ro'rphly be figured
o't IN re joliouing formula. Dude
TIC ciosing qpotafion on bond into
the rate Of interest 1t pays, and the re
suit ao5u be the aauuaL return II the
bond IS selling bsloso par yoN must
cllose clso for the appreciation Of the
principal. To do this su5tract the mar
ket quotation from par. or 100, md d.
ride the remainder By the number Of
years the bond has to run before ma
turlty. For eramule, If q per cent
bond ;s selling at 90 and has ten gears
to ~sta, the annual return aol}t oe $50
per cent The difference betsceen par
and tfe merket p7-icc 7c{l Be 70 points,
subfrccjtag so from IO9. Diricln0 ten
po3a's by ten YsGrs the qtiotient lpiU bs
T. Ills Eg74re is 10 DC added to 66s,
iohich g the Gnn'1Gl return. and TIE re-
suit 7.6s per cert O1l give goA the cp-
pro1sma-e ytc.1
New-York tribune., 1921-03-02
Vetoed Burlington
Plan 'Necessitates
Fixing Substitute
Bankers Believe Satisfactory
Arrangement Can Be Made
for Meeting Obligations;
Two Rail Stocks Weaker

Refusal of the Interstate Commerce
Commission to approve the proposed
plan for taking care of the $215, 1000, 900
ISSUE oil Great Northern and Northern
Pacific joint 4 per cent bonds secured
ry Chicago, Burlington e. Quincy col
lateral the largest single railroad ma
turlty IN the history of the country, due
next July, created much confusion and
uncertainty IN banking circles ycstcr-
day. The action of the commission, it
was said. would nccessitatc the work
ing cut Of new retinancing program
which would likely take weeks to per-
feet.
Stocks of the Northern Pacific and
Great Northern railroads developed
pronounced weakness at the exchange,
where they were heavily sold on the
news. Northern Pacific slumped 2a4
Joints, to 10, while Great Northern pre-
Ierred yielded IA points, to 74Ss
Other railroad stocks also were ad
versely affected. The joint per cent
bonds Of the Northern Pacific and
Great Northsrn, which closed at 977s
.te day before, dropped to 97M on
heavy trading.
The action Of the Interstate Com
merce Commission brought a revival of
discussion relative to possible con
solidation OF the Chicago, Burlington G.
Quincy and the Great Northern as one
way Of meeting the situation with re-
srect TO the impending maturity. This
was suggested last summer, when the
matter of refnancing the joint 4s first
came up, but was sidetracked in favor
OF the plan which has just been disap-
proved by the commission.
Railroad bankers who have studied
the situation expressed the opinion
that it would be possible for the Great
Northern ard Northern Pacific to sell
rev issue of Joint bonds as we'll as
issues Of their own individual obliga-
tons to meet the S2l5, 900 goo maturity.
New-York tribune., 1921-03-02
American Exports
L" Germany Drop
Sharply in Month
Decline i'll Trade With Eu-
rope and South America
Shown in Government Fig
ures; All Totals Shrink

WASHINGTON. March There was
sharp falling off in American trade
with Europe in January as compared
with December and reduction in tho
volume of trade with South America.
A trade review issued to- day by the
Department of Commerce showed that
exports to Germany decreased nearly
Sl0,O0o0OO as compared with Deccm-
Der, and imports from thai country
nearly $1,0o0,o00. The export figures
were S4S,S62 900 and the total imports
$4.630 900
Exports of S11o.so2, 900 to Great
Britain compared with s13s,85O,0 900 the
lnonth before, and imports were SIT.
$4,000, compared with $40 9,834 900
Exports to France were $35, 1925. 900
against $3S,01l 900 in December and
imports $l0,ol2,0oo, as against Sill
SG5000 -
Exports to italy were 500 $50. 900. as
against $31 ,944, 900 the month before
and imports were $685., 600, compare d
with $4,6SS 900
Exports to Brazil were SALES 600, as
against $40, ,233 900. and imports were
3d. 10000, as against 50 539 900.
Exports to Argentina were S24.o31
600, as compared with S23 ,106,00O and
imports were $5,73O,O00, as compared
with S9,454 900.
Exports to Canada amounted to Sod
1853, 900, as compared to $6l 500 900. and
imports S31,247 900, as against $5g..
100000. F'''
Exports to Cuba were SAG 4o5 600. as
against $45,357 900, and imports sf2.-
''o,OuV, as against SO 10000
New-York tribune., 1921-03-02

Inc two roads, 1t was pointed out,
could issue $10O,000,000 in joint z per
cent bonds secured by Burlington col
lateral in excess of $lbO,000 900. The
remaining $i15,000,000 of the maturity
could then be taken care Of, it WAS as
serted. by the issuance of individual
ool'gations of the Great Northern and
Northern Pacific, each road selling ap-
proximately o.0o0. 900.
In railroad circles it was intimated
that the Interstate Commerce Commis-
SION was desirous Of forcing the relin-
qulshment of control OF the Chicago,
Burlington & Quincy by the Great
Northern and Northern Pacific.
Robert j. Frank, a minority stock
holder. who opposed issue of bonds, in
commenting on the decision, said:
I'm event that Great Northern and
Northern Pacific Railway companies
arc now unable to perfect plans for
refunding so.called c. b. & G. joint As
when they become due. without the
aid of the Burlington company, hold
ers of these bonds need not necessarily
suffer any loss IN consequence OF the
|: Z. {. decision. On. the contrary, if
these bondholdcrs act collectively and
IN accordance with their own best in
terests, they may avail themselves OF
provision IN collateral trust agree
ments, whereby c. Il. e. Q. stock
pledged Hereunder can be appropriated
by holders of joint bonds, thereby ex-
changing their bonds for a security OF
even greater value.
Such course would avoid any finan-
clal disturbance and not unnecessarily
embarrass either of the northern lines
at is my opinion that merger o,
consolidation of Great Northern with
the Burlington system should now be
undertaken"