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The Western news. [volume] (Libby, Mont.) 1933-current, 1936-06-25
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The Western news. [volume] (Libby, Mont.) 1933-current, 1936-06-25
For State Representative

UT DtHtE 1kpICSEIatd1TVt
] am candidate for office of Repre-
sentative subject to the will of the Re-
publican voters at the primary election
July Il, 1886.
f. c. KELLOGG,
Eureka. Montana.
The Western news. [volume] (Libby, Mont.) 1933-current, 1936-06-25

tives. Mrs. Chas. Sutherland returned
to Great Falls with Mr.. Sheridan
where she will consult medical aid.
The Nome daily nugget., 1936-05-21
Fairbanks Woman
 Takes Own Life
 By Use of Poison
MRS. EVELYN O'CONNOR SWALLOWS MERCURY.
 PASSES AWAY.

Taking a dose of bi-chloride of mercury in a capsule, Mrs. Evelyn O'Connor, 3l years old, of Fair banks, committed suicide, says a recent issue of the Fairbanks News Miner. She took the cap sule at the dry cleaning establish ment of her mother, Mrs. Eliza beth Walker on First Avenue.
 Mrs O'Connor took the fatal dose of poison in the presence of her mother and Mrs. Lulu Grip pen and Mrs H. s. Ford at eleven o'clock in the forenoon. After swallowing the mercury. Mrs O. Connor turned to her mother and sad, I have taken poison"
 I don't believe you,' Mrs. Wal ker replied.
 It will start working in a min ute her daughter answered.
 Mrs. OConnor immediately be- came sick. and in company of her mother started walking home. They were nearly home when Mrs. O'Co0nor became too i'll 10 90 farther. and although she did not want her mother 10 leave her, Ms. Walker went to call q doc tor. When the doctor arrived the stricken woman was taken 10 the hospital and was gwen antidotes fheH failed to save her. and she passed away at 7.30 o'clock that evening Htth her mother and her brother. George Walker at her bedside.
 Ms. O'Connor remained con sa.aas and rational to the last but was given opiates to reduce pin. In response to questions of the doctor as to her motive for taking poison, she gave no reason, but sald. Everything always goes wrong"
 She stated she had taken the poison entirely of her own free will. and that no one else Wa. responsible. A note to the same effect that she had written Wa. found later. Evidence was give 3t he inquest that she purchased the mercury in the morning in local drug store, Ii is of a typ. Lat is much sold in the spring t0 gardeners to kill insects.
The Nome daily nugget., 1936-05-21
Seattle Es Firm ln Demand For
 Alaska Ail'inail

SEATTLE. May 1st (via maiD Seattle is determined to have daily airmail and passenger ser vice 10 Alaskan cities in the inn mediate future, it was announced here today by Tom Dru0mey of Washingtonians, Inc. the non profit civic organization sponsor ing state development and increas ed pawolla.
 Another step forward toward the great development yesterday, was the announcement tat an important air tour coaee.n of the Northwest would ;mmejiataly es- tablish an Alaskan service for the period of one month, for tsa fur ther demonstration of the ease & necessity of air inter-coarse with the North. It will supplement the Alaska, Seattle flight to be made by a stock airp.ane. eqnipp- ed with an automobile engine, flown by a nationally known pi- lot. to leave Merrill Field at An chorage, sometime between May 18th and June 18th, according to Drnmmey.
 Anchorage, through Thomas BeVers. of the Anchorage Booster Club. will bear the expenses of the flight from the Anchorage end
 In the meantime, postal author ilies. reinforced with exhaustive data gathered by local post office officials, are pressing Congress for ation on Alaskan airmail ser- vice.
 Seattle wants an Alaskan Clip per Service. Now 1 days away from the North by ship, we should be only 24 hours away by i plane. Washingtonians, Inc, holds that if the airplane can span the Pacific in giant strides and non stop flights, despite the hazards of distance and weather, if IS req sonable to suppose that daily flights to Alaska, when properly organized, will be comparatively simple" observes MT, Drummey.
The Nome daily nugget., 1936-05-21

Mrs. OConnor frequently in the past spoke of committing suicide, but for the last week seemed in the best of spirits, and worked constantly aiding her mother in dry cleaning work. The day be- fore, she worked all day until ! o'clock in the evening. The day following she appeared dow lcast and gave indications of gloom.
 Mrs. OConnor was born in Chi. cago Illinois where she lived for IS years. She came to Fairbanks in 1920 and was employed as cook in mining towns. She is sur vived by five children, three with their father, Jack O'Connoc. in Anchorage and two, Elizabeth O. COnnOr, aged 12, and Ethel O'Con nor. IS, residing with Mrs. Wal ker in Fairbanks. Other surviv- ing relatives besides her mother are two brothers, George Walker of Fairbanks and Robert Walkec of Laiselle, Illinois. and a sister, Mrs.L. Winters of Miami, Florida
 Mrs O'Connor was member of the Moose Women's Lodge O. Anchorage.
 The inquest was held before Commissioner Wm. N Browden, sitting as coroner. and jury, 4 verdict of suicide was returned by the jury. The jurors were John II. Vance, L. Dogget, F.. L Crawford. NJ. E. Manson, Fred Heath and J. ". Crompton.
 Funeral services were held from the chapel of the Ross Mortuary.
The Nome daily nugget., 1936-05-21
Encouraging News Received Nome By Postmaster C. Mish

Continued From Page One) faculties encountered by federal offices in having to cope with in adequate space and equipment
 Mir. Watson, who deals directly with relief problems and funds for the divisions had this to say about the manner in which those matters are administered in Nome for the Second Division:
 T was greatly surprised to see under what difficulties Judge J. H. s. Morrison and his staff oper- ated and managed the many try ing problems which come before him pertaining to the dispensa- tion of relief. We. in the Cover nor's office are expressly gratified at the manner in which these af- fairs have been conducted by Judge Morrison, and also other federal and territorial matters of b sincss pertaining to our office. I am sure that will do all in my power to convince the federal au thotities that this new building should be constructed in Nome as soon as possible, for the condi- tjons which have had to be put uo with are serious menace to future waak of the federal offices h..c."
The Nome daily nugget., 1936-05-21
Bernard Kelly
 A3eots 1lis Death
 Drowning Sea

(Coutiaued From Page One) vest erday. commented on the diff to Nome. including Steve Peder- sen, Ross J. Kinney. Mr. Willatt. Herman Hoop. and native boy.
 Mir. Wilett explained he had taken Mr Kelly to a point, Sun day. about a mile below Fort Davis where he intended doing some beach mining He saw him again Monday when he made a tip there.
 It developed that 2Ir. Hoop who is also beach mining only a few hundred feet away had talked 10 MT. Kelly at about 6 P M,. Tues day evening, and that was the last time he saw him alive. The body was discovered about 4:30 PM. yesterday by the native boy enroute pack to Nome in his boat.
 The U s. Marshal's office im- medjately commenced an investi- gation to determine if there were any evidence winch might point to foul play.
 Last nights meeting of the cor oner's jury was recessed until 1 P M today when any further evi dcnce or testimony obtained in the meantime will be brought be- fore them.
 Dr. Charteris immediately com menced an autopsy of the body and death was determined to have resulted from drowning.
 No further information of a definite importance could be as certained up 10 the time of the inquest being held this afternoon.
 Reports declared that a suicide note was discovered last night at Barney Kelly's tent located about a mile below Fort Davis, saying that the deceased man was gett- ing old, and had no money, and therefore did not care to become a pauper and be dependent up- on others to live. What the true contents of the note are, will pro ba.bly come out at the inquest.
The Nome daily nugget., 1936-05-21

LATERAL the inquest held late this afternoon a note which was found on the table in his terS was placed in evidence and read as follows: q am to old and l do not want to be a pauper-I leave my Lot to P. SWeeny-B. Kelly"
 The jury rendered verdict that Bernard Kelly came to his death by drowning.
The Nome daily nugget., 1936-05-21

Subscribe for the Nugget
The Nome daily nugget., 1936-05-21
All Alaska Now Quickly Conveniently Accessible
LES EFFECTIVE BETWEEN MAY 1st AND OCTOBER

Table IRBANKS-LIVENGOOD Every Read Read Every Tues Dn Mi Time Up Tues 1l:OO AM 0 Lv Fairbanks F Fbks Ar. 12:30 PM 11:30 54 Ar. Livengood ..-Fbks. Lv. 12:00
The Indianapolis times., 1936-03-04
PAY ROLLS AND JOBS
SHOW SMALL GAINS
State Employment Service
Lists February Data.

Increased pay rolls and employ
ment in state manufacturing indus
tries during February have been re-
ported by Martin F. Carpenter, di-
rector of the Indiana State Employ
ment Service.
Manufacturing employment in
creased 2 per cent and pay rolls rose
IL per cent during the month, Mr..
Carpenter announced. Severe wealth
er conditions prevented the usual
seasonal gain in employment, he
added.
Employment in state manufactur-
ing industries was per cent great
er than that of February, 1885, how
ever, and pay rolls were 1873 per
cent higher.
The tobacco industry, which
boosted pay rolls 64.6 per cent and
increased employment 27.2 per cent.
showed largest gains, Mr.. Carpenter
said,
The Indianapolis times., 1936-03-04

new legislation will be needed to
push it through, Mr.. Jones said he
has just begun consideration and
that nothing definite has been
agreed upon.
The Administrations housing
plans have neared completion with
the pending report to the President
by Peter Grimm, Treasury housing
expert and special assistant to Sec
retary Henry Morgenthau Jr. Mr..
Grimm has announced he will re-
sign as soon as he has completed
the report.
Slum Clearance Stressed
The most discussed problem now
facing government experts is that of
Slum clearance. Disagreement has
developed between Treasury officials,
the RFC and other housing advo-
Gates over the method of financing
such projects.
The disagreement arises about
the percentage the Federal govern
ment should contribute in order to
support such construction. It is
granted that As per cent must be
allowed by governing agencies in
order to take care of the lowest
earning group who are to be pro-
vided for at SIS to $6 a room. Others
favor Federal grants up to 10 per
cent.
Construction Awards Gain
Housing has already been spurred
upward by the FHA, which can
loan up to 80 per cent on projects;
by the HOLC, and by the RFC,
which recently entered the mort
gage business.
Treasury officials announced con-
struction contracts had increased
122 per cent last January over the
same 1885 month. Residential build
ing almost doubled during last year.
Gains were registered in every
type of building indexed except
factory, it was recorded. At the
same time, however, prices of build
ing materials have increased slight
ly, causing concern.
The Indianapolis times., 1936-03-04
SWINE VALUES
RISE Is CENTS
AT CITY YARDS
Cattle Market Less Active,
Steady; VeaIS, Lambs
Unchanged.

With receipts insufficient to meet
local and outside requirements, a
strong undertone developed in the
pork market today at the Indianap-
oils Union Stockyards, resulting III
an advance of 25 cents On classes
ranging downward from $50 pounds.
The market for other grades, how
ever, was not established.
Improved demand, centering
mostly in the medium and light
weight divisions, combined with
less-than-normal supply, was large
ly responsible for today's upturn.
Receipts were estimated at 1000,
while holdoverS were 119.
The general bulk of 100 to 225
pounds cashed in at 5000 to 5000.
Medium heavieS, from 225 to $50
pounds, sold at $10.55 to SLOTS. In
the lightweight division, hogs seal
ing 130 to 100 pounds brought $500
to 5000, while others. from 100 to
130 pounds, were salable at S9.l5 to
S9.65. Good packing sows held at
$3.50 to 1925.
The cattle market was less active
than yesterday, but early sales held
around steady. The undertone was
weak to lower. A single load of
steers. weighing 1888 pounds, sold
at $3.50. Few heiferS sold at ST
down. Better kinds were eligible
around S8 Beef cows and bulls
held mostly steady. Receipts were
1900.
The sharp downward movement
was checked in the veal market
when prices held steady. The bulk
of good and choice grades sold at
SO to $3.50. Receipts were 700.
Lambs also were unchanged, with
a single deck of fed westerns hold
ing at $9.75. Others, mostly in small
lots, sold downward from $3.50.
Slaughter sheep held at So to SIS.
Receipts were 5000.
The Indianapolis times., 1936-03-04


penditures. I do not, of course,
know whether it is true or not, but
teachers complain that in Kansas,
for instance, where Gov. Landon's
dget-balancing is eXtolled so
highly, there are teachers who re-
ceive as low as $3.50 year.
TN New York City the demand is
Il being made that the eXpendi-
lures be reduced by $100 5000 and
this, of course, it is hoped may be
accomplished by reducing the SAL
aries Of men and women who al
ready work for little enough and
by cutting out all sorts OF jobs in
educational, cultural, recreational
and welfare agencies. 1t would, of
course, be a tragic mistake.
One Of the greatest investments
this nation has ever made has been
in the education of its people.
Among the population there is
really no demand for curtailing
public education. That demand
comes from those ever-busy real
estate interests which fight educa-
tional outlays in season and out.
AS a matter of the most elemen-
tary justice, it would be MASTER
piece of unfairneSS to deprive the
children of this generation of the
benefits of education, since, by our
relief policies, we have created to
date debt of more than IA billion
dollars which we expect these chill
dren to pay when they grow to ma
turity.
To go on borrowing billions
which we are saddling on them and
then attempt to economize now at
the expense of their education
would be piece of exquisite pub
lie selfishneSs.
There is another aspect of this.
In the current blasts against gov
ernment spending, conservative
agitators are trying to Great the
impression that all the money paid
by taxpayers to the Federal and
local governments is poured down
rat holes-waSted on a horde of
tax eaters.
This is grave error. The per
capita cost of all our governments
national, state, county city, etc.
lis less than $50.
I challenge any one to name any,
thing we buy and pay for which
compares in value with what we
get for this $50 apiece-building
of roads, policing and maintenance
of them, cleaning of streets, collec-
tion of waste. protection of health,
fire protection, policing our cities,
education of our children, public
Fairgrounds and parks, Libraries,
welfare agencies, hospitals, nationa
defense, all the vast activities of
the Federal government for the
advancement and protection of
commerce and agriculture, besides
paying the costs of one of the
greatest wars in history. Taxes are
not an unmiXed evil.
Copyright, 1896, by NEA Service, Inc.)
The Indianapolis times., 1936-03-04
Other livestock
(By United Press

CHICAGO. March 4.-Hogs-Receipts,
II l,OOO including. 1000 directs; unevenly
steady to l5c higher; instances on weights
above $50 lbs. and sows 25c up: closing
active; top 5000; bulk 150-250 lbs. s10.35
i10.60 250-300 lbs. 50 GOA 10 40; 300-350
lbs, s9.65@s.9O; sows. S8.85@935. Cattle
Receipts, 5000. Calves-Receipts. 1900.
Choice and prime medium weights and
weighty steers, strong on shipper account;
such kinds selling at S11 upward; top sl2:
all grades of light steers and lower grade
heavies, weak; heifers firm; best 50; num-
cutter cows and bulls, strong: vealers ESQ
lower; bulk of crop comprised of steers
in killer flesh; best weighty sausage bulls.
$3.50: vealers, $3.50 down. Sheep-Re-
ceipts, 10000; fat lambs. mostly Csc low
er; spots off more. yearlings practically
absent; other classes weak; several loads
choice 97-99 lb. fed western lambs SO so
to packers; best desirable offerings sea-
$40; including natives; holding best fed
lambs around S9.75; choice 95 lb. aged
weathers, $3.50; most slaughter ewes, 81
M5.25
The Indianapolis times., 1936-03-04
Other Livestock
lBY United Pressl

LAFAYETTE. Ind. March 4.-Market
steady TO- SC higher; .l7O-2lO lbs. Io5o@
1850: 2!o-235 lbs. $1035a 1O4O: 235-26O
I40-170 lbs, $9.T5@10; 10O-l4O lbs, SEQ
$50: roughs, 1925 down; calves, $3.50
down; lambs, SO down.
FORT WAYNE. Ind. March 4.-Hogs-
l5c higher: 160l80 lbs, S1O75: 10000
lbs $10.65; 200-225 lbs. s1055 225-25O
lbs $10,45: 250-275 lbs. 1880: 275-300
lbs. $10.20: 300-350 lbs. 50 95: 140-160 lbs.
S10;35; 12o-l40 lbs, s10.10; 1O0-120 lbs.
lambs, $9.25.
The Indianapolis times., 1936-03-04

Curtailing Educa-
ton Is Flayed by
Writer.
BY JOHN T. FLYNN

NEW YORK, March 4.-The
IN balance-the budget wave
which is now sweeping over the
country has two elements in it.
One Is the demand to balance the
budgets of nation, states and cities
by raising more money in taxes to
pay the bills. The other is the
demand to cut down government
The Indianapolis times., 1936-03-04
On Commission ROlU

louotatioenSS below subject to change are
average wholesale prices being offered to
BUYERS by local commission dealers.)
FRUITS-Strawberries Florida. pint.
20c 36-pint crates. l9c. Cranberries, C. c.
washington Bose 11ooliSSs, SA, Ss25; Cali Cali.
fornia. Avocado t2oo24s). $3.50. Grapes:
dSt5tt aStFa FsgGy y EmPeTors s4Ib sawdust
&c; Persian seedess (dozD. 45c. Dates:
hands: pound, Sic. Apples: Delicious
Grimes Golden, $l25; Rome Beauty $l65.
Lemons: Sunkist l36osl, S6. Grapefruit:
Texas. Texas seedIess .54s-sOsl. $3.75. Arizona
SGRsisi aos las aOi isss 81 s. Tansernes Florida
VEGETABLES - Artichoke. California
ldoz) si.l5. Beans green round string.
doz crateI, sl.5o: cut offs Cbu), 81. Brus-
Sase New York DANISH c5oib tSa bag. SOC soc:
sob Sss caTE95: Ssa FaS'ass
sF@tel. sIs5 ,SusheD, si.s5 csufinOTSeerr..
Florida Washed and trimmed d Cdoz)' AS; 4sca S
90c; Florida (4s 6s. SIS. los crate). s325.
Cucumbers,, hothIoouse 1doz). SIPS; South
Oqhsn ST. kse ss Tns Egs P'n5 5@sbe FOTda ssc
Lettuce, Iceberg Arizona best As, 5s1,
SSs.2S; home grown leaf u5-lb; baskets,
TSS; psnrsrE Endiye calfornia do5l soc
ket, Sl.65; (dozl. 45c. Mint. hothouse
,doz }, 75c. Mushrooms pounds, soc.
Mustard, Texas tbunch), 75c. Onions
Indiana yellow (5O-lb. bagl, s1.25 In
diana yellow, u0-lb, bag, csc; Western
home grown Cdozl, 4oc. Parsley, southern
Cong punches doz.l. 45c. Parnips. home
grown washed (bushen. 81; half -busheI,
soc. Peas. Florida (hamperl, $3.50 Pota-
toes. Michigan Round Whites (l0O-lb. bagA
Sl75. Main Green Mountains (I00-lb
bagl ,s2.:S; R; R. Early Ohios (loo-lb.
6agl bag r r. Cob6lersS uoo-lb. bagl, $3.50,
bakers (7os box) So So Col. McClures, 100
10. bag S2l0; New Texas Triumphs So
Jerseys, us bushen, $3.50; medium
sSsmnn,. s,SSaSnen, 81 Tennessee Nancy Halls
sbushel cratel, $3.50; Radishes, home
Rhubarb, hothouse bunch. soc Ruta-
6aagas 6ags n.o2rthern (5o-lb. bag. s5c. Sage
80 q o0c. Spinach, Nc IS (bushel
81. TurnipS, home o ashed (busheO
Sl.50. Tomatoes Led tl0-lb. boX)
81 so; original f3O-lb luC) So
The Indianapolis times., 1936-03-04
STOCKS
Produce Markets

The prices quoted are paid for stock
gathered in the country. while delivered
in indianapolis the price is a cent higher.
Heavy breed hens, 18c; Leghorn Breed
hens, 13c; Leghorn springers, 12c; old
stays, 13c; old cocks, &c. Ducks, white, S
all sizes, 10c; all guineas. IA lbs. and up
15c;. No. / strictly fresh eggs. loss off, 17c'
Each full case must weigh SIS lbs. gross, a
lbs will be made. No. 1 butter, 39h hn401ac:
No. 2, 371a a@38l2c. Butterfat, 35c.
The Indianapolis times., 1936-03-04
S. E. C COUNSEL RESIGNS

H6S Sp6Ctut
NEW YORK, March 4.-E. B.
Conway has resigned as senior
counsel for the Securities and Ex-
Commission at the regional
office in New York, where he has
been in charge of Interpretation Of
the commissions regulations, to be-
come associated with the investment
banking firm of F. Eberstadt & Co..
Inc, it was announced today.
The Indianapolis times., 1936-03-04
RESIGNS OIL POST

L HteS SpeClGL
CHICAGO, March 4.-George S.
Rollins has resigned as vice presi-
dent of the Shell Petroleum Corp,
with headquarters at Tulsa, Okla,
it was announced today. He will be
succeeded by A. j. Galloway, who
has been connected with the Shell
Corp. at st. Louis.
The Indianapolis times., 1936-03-04
NEW PRESIDENT NAMED

tWeS Np6CldE
NEW YORK, March 4.-Directors
of the International Hydro Electric
System have elected Irwin L. Moore
president, to succeed A. R. Grau-
stein, resigned, it was announced
today. William A Hanway was
elected vice president and a director.
The Indianapolis times., 1936-03-04

sidered by hous-
ing experts ma
terializeS.
A system is
b Elm g worked
upon by Jesse H.
Jones, chairman
of the Recon-
S t r u C t i o n FL
nance Corp. The
i d e a was first
S u G G e S t e d to
President ROOSe-
velt. Mr.. Jones
W a S instructed
to develop the
plan.
Although it is
The Indianapolis times., 1936-03-04
FRUIT AND VEGETABLES

CHICAGO, March 4.-Apples-Michiean
Mcintosh. bushel. 75c9sI So Carrots
Illinois, bushel. S5640c. Sweet potatoes
bushel s2@335. Cabbage-Texas. crates
Sl.25HI.50. Pgas-Calfornia bushel hamp-
ers. $2.65m2.75 Spinach-Texas. bushel.
50@g0c. Lettuce-Western crates. doz.
S2.25@2.75. Celery-Florida crates. S2G
3, aulifiower-California, crates. sldl35.
Tomatoes-Mexican lugs $3@375 Onion
market t50-lb. sacks). western valencias,
zoe; Illinois yellows, 50690c; Michigan
yelloTs. Sod a0c: Indiana yellows 50@ 90c
California whites, Si,65dl.T5
The Indianapolis times., 1936-03-04

IN HlSNAAltos
Of course no
defense can be
made of gov
ern m e mt ex-
trav a 6 a n C e,
either in times
of plenty or de-
pres S ion. But
under the guise
of econ o m y
drives, all sorts
of groups are
function n g to
paralyse impor-
tant and essen
tial government
activities.
One of the
favorite spot S
f or economy"
&c in cahnnI nv
The Indianapolis times., 1936-03-04
HOUSE BUYING
ON INSTALLMENT
PLAN F0RESEEN
New Method Is Considered
by u. S. Housing
Experts.
By United Press

WASHINGTON, March 4. - The
American house owner will be able
to buy his home on the installment
plan like an icebox or a vacuum
cleaner, if a new method being con-
The Indianapolis times., 1936-03-04
FOREIGN
Local Securities

(By indianapolis Bond g. Share Corp.)
The following quotations do not rep
resent actual bids or offerings. but
merely indicate the approximate market
level m buying and selling inquiries or
recent transactions.
The Indianapolis times., 1936-03-04
Chicago Grain Futures
LOCAL CASH MARKET
(By James E. Bennett & Co.

City grain elevators are paying SO cents
for No. 2 soft wheat other grades on
their merits Cash corn new No 4 yellow
80 cents and oats 81 cents.
The Indianapolis times., 1936-03-04
Pullman Considers Mouies

With the view of making train trauel as COM
Portable possible the Pullman Co. is conducting tests
the feasibility of providng motion picture service on
passenger trains.
The Indianapolis times., 1936-03-04

V1oy OIIIUtNt Z ItooJ
WASHINGTON, March 4-Government
expenses and receipts for the current fiscal
year to March 2, as compared with year
ago:
This Year. Last Year
Expenses $4,781, 1864, ,92116 81, ,546, 963, 1893 O8
Receipts. 1884 4O21,67545 2,273011. 795 SO
Deficit. 2,417, 7,943,245.71 2,273952, ,0O2 As
Cash bal. 1,760, 1862, ,24872 2,057, ,943, ,959 90
The Indianapolis times., 1936-03-04
NezU York Bonds
(Reprinted From Late Times Yesterday
DAILY BOND INDEX
U. S. GOVERNMENT BONDS

(By Abbott. Proctor g. Painel
Treasurys
The Indianapolis times., 1936-03-04
Savings at S3,27O,OOO

Savings resulting from these oper-
ations are indicated in the neigh
borhood of $3,27O,0OO annually, an
amount equivalent to 25 per cent
of the indicated net earnings of the
entire industry for 1885, at approx
imately $13,O0O,OOO. Estimated saw
ings by individual companies on
completed or projected refundings
follow.