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The sun. (New York [N.Y.]) 1833-1916, April 13, 1896, Image 7

Image and text provided by The New York Public Library, Astor, Lenox and Tilden Foundation

Persistent link: http://chroniclingamerica.loc.gov/lccn/sn83030272/1896-04-13/ed-1/seq-7/

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T c g rivr
wr P a
r u C TIm sJtf hPKffi 1IJfT18oo 1
71t1 OnLSUAlSO or CONTRACTS
for 1 the present a t least the export of gold to
I ir fp which began last Tuesday bas come to
E ll J Mill nltoacther It has rmched only the
ilinnt nraountof 100000 1
In k 114nt Mtichnn
it e nry trouble iccmi to 1m YO been token tl br
the t jetatjrof the Treasury to atold furnish
tinMen this mal fiuititltr of the molM from
hi 11wlj roplenlsheil hoard Irouautjr ho bat
tit 11 I left that the sentimental effect upon the
niccei market would have been pernicious it I
the Irrnsurr resorts had shown a diminution
ml therefore bo contrived that tbo depletion
ilioiild fnll upon A depositary bank Ills timid
Hits respect ill for his
ItT In aUlurl bleonduct beo
itc thuuld the demand for cold for export b
rmneil Mitt should It Increue t the proper
ton It flU < n rear alo
That with the low rules of lntereit provalllne
In Europe any Bold whatcrer should be drawn
thlilicr from < this country can b accounted for
Cn h t > y tie dltrust ot our currency which tho
free siher Agitation tins created among Ku
rnprnn capitalists In London for example
the lisnk of England rate of discount Is I 2 per
cent err annum call money can be had at 34
cent and three months btItatedicountecI
jcr elt monb blsnre discounted
lit lleso tlisn 1 per cent The effect upon Invest
tninis iiii been to put console up to lOu at
Mr > price they yield only a little over 2 per
nt tcr annum and all sort of good inunlcl
t nl and railway bonds up tn figures at which
thlr yield Is barely 24 per cent In 1arls list
lin and Vienna the rates for money are blcher
but still they are far below those that prevail
hero In New York Were It not for tbe dread of
free liter millions of dollars would bo sent here
for Inriitrarnt and much of It would come In
the shape of the very gold lately exported
In view of thtf fact tho ambiguous utterances
of the leer of both political parties In regard
to the silver question are greatly to be
I qleton Ireaty 1 b deplored
Ktery one knows that the point before the
crr knw pint bfore coun
try for lu decision Is I whether our monetary
standard shall continue t b void as It has been
the last sixty years or whether It shall be
hal
changed to silver coined at the ratio of 10 to 1
The sllverltes have no hesitation In demanding
16 to 1 silver but far to many socalled sound
money men take refuge In professions of a de
tiro to maintain the parity of all kinds of
money gold silver and paper or In the ad
vocacy of what they call International bi
metallism The latter subterfuge Is a immoral
a It Is evasive Illmetalllsm at the market
ratio of silver and gold needs no international
agreement other than that mao by buyers and
sellers from day to day and tho adoption of the
ratio of 10 to 1 or of 15H to 1 with or without
an International compact would b a the
Dritlsh Chancellor of the Exchequer bluntly
told the blmetalllsts tbe other day an act of
absolute dishonesty to creditors
The defenders of the gold standard will com
mit 0 great error If they allow this uncertainty
to continue until the Presidential election The
man who says bathe Is In favor of international
bimetallism Is under another name substan
tially In favor of all the mischievous results at
free silver It may possibly b a clever politi
cal device to profess friendship for the free coin
age of silver under conditions known to
b Impossible of fulfilment but the outand
out sllverltes will not be deceived by tt and the
supporters of the gold standard do not need
that kind of help For of the European na
tion which I Is conceded are Indispensable p
ties to an International btmetalllo compact not
one has yet accepted the measure and all are
tolerably certain to reject It whenever It como
before them Great Britain so ta has pronounced
nounced decisively against It and without her
consent nothing can b done The sllverltes
this and from their at
see tils very properly point ol
view Insist on action by this country alone
The fact Is that blmetalllsts of all shades are In
substantial accord with the f sllverltee
tree elverle Roth
Insist that gold monometallism Is unduly bene
ficial to workingmen whose employers paying
wages In gold have to compete with the em
ployers of the cheap labor of silver coun
tries and both desire that the unit of value
shall b diminished In order to raise the prices
of commodities and thus virtually to reduce
wages Both 100 profess to champion the
cause of debtors who having Incurred their
L debts In days when commodities were dearer
> V than they are now have to give In payment ol
those debts a larger quantity of commodities
than would be If measured
b required I prices were meulre
In silver Instead of In gold Just a the
Manchester cotton spinners complain of the
competition of the Asiatic cotton mills and
demand the substitution of silver wages for gold
wares so do our Philadelphia manufacturers
demand free silver a an essential element ol
tbe protective system In the same manner
too that the British landlords and the German
landed proprietors complain that their Incomes
are reduced by tbe lower prices of food products
so do our Western farmers and Southern cotton
planters complain of the lower prices of wheat
and cotton And as the sllverltes never wear
of pointing out that It now takes under the
gold standard two bale of cotton and two
bushels of wheat to pay a given debt whereas
only one bale and one bushel would be required
under free silver so do the blmetalllsts
I Is a melancholy proof of the disposition of
human nature to be swayed by prejudice and
passion rather than to b governed by reason
that so many men otherwise Intelligent find In
the augmentation of the value of debts through
adherence to the gold standard a conclusive
argument for abandoning that standard and
adopting one under which debts will be dimin
ished The facts that millions of creditors
tal tbt miion crellr are
poor people who have saved up a few hundreds
of dollars apiece from the earnings of their
labor that millions more become creditors every
day and every week to the employers who pay
them age and that thousands of debtors are
worth their millions and borrow from the
poor for the purpose of gaining more millions
are completely disregarded The fact to Is
overlooked that many of the Western farmers
and bouthern planters for whom compassion Is
Invoked on account of tbe mortgages on their
land gave thnee same mortgages In payment
for tbe land at onetuntn the price It will now
bring In tbo market Nobody proposes that the
original seller shall be compensated for what
he lost by selling 10 cheap but no hesitation Is
felt In naming that he shall b made to take
money of half tho value of that for which he
rarcalnwl This Is to b accomplished by de
basing the national coinage but It would b no
more dishonest and much less cowardly If It
were done by openly enacting that for all debt
now In existence half a dollar shall have the
lezal tender lower I of a dollar
Cine of the wisest provisions of the Federal
Constitution Is I that no State shall pass any
law Imparlng the obligation of contracts and
In practice the prohibition has been tacitly
held to apply to legislation I bv Congress Tbe
reason for the provision Is I like that for the pan
111mnl l of false swearing and for the social
penalties vlflted upon lying Society cannot
hOld together unless men tell the truth to one
anotltr and business would b grievously ham
Ird 1 It all bargains were liable t be set aside
the Now contract
a caprice of legislatures ow A cnlrct
to I ty money Is I as obligatory as a contract to
render services or to furnUh roods No one
pretends that a contract to deliver merchandise
it t be enforced merely
an ntreed price Is not to entoree
luranteln l the Interval between the contract and
Its ixicuUon tbe merchandise has risen In
value and tll 14 I surely as unjust not to enforce It
becaim the merchandise has fallen
I hu answer commonly made to this present
tKriof the case Is I that the lender money Is t
nut entitled to any jncreuo In Its purchasing
t1tr l which lay accrue after he lends It All
tiv he ran justly demand I I Is I said ru 1
tinuunt of money which will buy the same quan
tit of staple commodities that the amount lent
woui tuu ought when be lent I This view
Uui I fir accepted by some political economists
tint they have exbaustrd their Ingenuity In de
lilne a measure of value to serve as money for
Torments deferred to the future which shall
constantly be of the same pnrchaklng power at
one limn aiwell as another While they concede
11 l guld varies In its purchasing power l s
tun any other valuable substance still
a it varies somewhat they would substitute
fr It mine other commodity or combination
C iiuixlitics or human labor of a certain
< t > The fact however Is I that no matter
U urliclo i maybe adopted as a standard Its
Tiiuu in comparison with other articles mtut
4
fluctuate for the simple reason that all articles
a1 artcle
Taf In supply In demand tn cost of prodne
et
ton and In all the other elements lrao 10
determine their market price The buyer ot
property on credit certainly doe not expect It I
UPct
to remain exactly at the
t euct price he pay for it
Me hopes that It will rise but he also knows tba
It ma fall The seller tbL
may likewise
tal Thelele lkwhe hope that he
has got for what he tells all that I Is likely to
b worth but he also knows that he might
possibly have don better to boMIt Doth take
the chanoesof the future and neither can justly
nelLer cn JIU
complain It he Is I disappointed
l this however is I aside from the obllga
tlonsof the contract by which existing debt
have been created The proof that both sliver
It0 sod bltnetalllsU are dishonest Is I that they
Insist on applying their proposed new standard
to present debts no less than to those hereafter
t be contracted Some of them go so far a to
demand that contracts for Ibo payment ot
debts In gold heretofore mado or hereafter to be
made shall not b enforceable at law There
would b Just a much reason In enacting that
contracts for the future delivery of wheat or ot
cotton shall not b thus enforceable and In
deed 1 bill to that effect was reported t Con
gre s a year or 1 ago but happily failed t pass
It Is I gratifying to observe that tho business
men of the country are becoming alive to the
Importance a a matter of good policy ot
maintaining the gold standard and that
malntnlnlnl Iol Ilandar they
are demanding from Presidential aspirants an
explicit statement of their position upon the
question Their arguments art however dl
reeled only to tho financial evils which would
result from the triumph of silver It remains
for the community at largo to Insist upon the
moral wrong which would b done t creditor
by Impairing the obligation of the contracts
made with them by tbolr debtors It was this
moral force which when fully arocued over
threw negro slavery and It needs only to b
aroused now to b equally potent In overthrow
and Ing the the gigantic blmetalltsts robbery planned by the sllverlte
tATnEw IR8AL
riXAXCIil ASh COMMEItCTAL
New York SHock EzehnnRtt NnlrB nnd
Rna ofPrlccloa 1 Meeurlttm OenU la
Uurlae the Week EmllnB April lllftBO
CTMTED STATES ANt STATR BONDS IV SlOOOt
Opt 7M0V Low riot
Snlr 7 Nnni o f rr tna
OOOrHrIP07 loy KIMU 11n44 1044
1400013 4 otl07 IOUU 101W 10UU 11 > l
lyonull US4 c 105 3 IOll I 1174 I helL It I
mioo u a rs r mv l13 IH HUH lIOq
ll IU I
louousas o iti I > < iisiu I l 1114 I I nit i
1000 tlkconi4 < Mini lnol < 100U mot
IlOl Norar con 45 101 im lui lot
HUOOTian wt Js f7 M7 I 7 M7
IQQIJVusFOS3iot IVII elt 61 61 61
IIAILllOAD AND OTHElt UUVDS IN SlOOOSI
Open High 1 < fl
t
Gait Famt Ing eat vt fmj
44 AtchIson aol IH W I 71 li 10 W 7rt TH
las Atchison got I co 77J 7714 77W 77M
187 AtChison Art 4s 443 1 441 444
fAtVff i
KUO Atchison lid La T U I IO M u444 488
II Ann Arbor Is HUM 7D 1 llll Bin
I American C 0 bs 10W < low < l 10VH lunH
IJ Austin ft N W IlL coif B64i MiW ttl3
I Atlantic A Pac In n 2 I I
1 Albany Hits en 017 117 117 117
tAmDkAlmpSs 1IBU 1KIU 1181 lli >
8SIIway7thavcn nu < I t lit
lOHrookltn WAM 01001 los i 100U luov
in aiit A Ohio as ms h44 hit MI 4
I Halt < Ohio br 107 107 107 107
lOKurCIlftN 11107 IU7U 1U7 107
II BurCHaNCT N1O1 1UIH lot 101M i
R ly m m m 19
anurfN YAE f 114 HUH laittf masi
lChloaWlnlgul 117 117 117 117
14ChsOcn3 1U7T < lot luH 108
g m m
18
SChiAO FMF lllltj 104l < Jolts 10414
HChs AO Oi lull I > 111 11414 111
14 Cbs si 0nl ALim 73 7tf 72 7
8C l I i 8t L 4St
Ldlv Ot 04 0314 c3t4
84 Coittthav 1111 111 < Ill 11
t cievp L < W IIIUI me 10d IUo
VCInIriD IstSs iOMt4 102t4 1104 10514
1C iiftua KO 1U4 102 104 IUl
4CnAOcnvS 10U IOU 10 IUO
6 CI a 1 4sNcb ax 1014 u14 0 ° i 0014
IB ciB 11713 1170L 11
If 1M
If 1 fR A J 4 Idlv 1 VH 19 t4 IMq
4CIIU4S Ddlv V4 > i II44 44 0lt
IOCI3lJiIebOl V7 H7 97 07
j
11 Ch A Mil let IOSI I 1011 I 103 > 4 105
4CCCAIirnl IliUlt 12114 U8H 1284
CanadaSouthera 1st luu lOuij IOu loll
e Canada SouthernZd lllSW 1104 1 > 104 W4
4 Canada South Sid r 10S4 lolt l0l 10J4
819 Chi 5 N Pint T I 47UJ 4H 40 46
Chic t K III on 1V4 124 12 IY
1 Chic I E Jloll lOt liilK IUI IOI
4 Cal ft MM 1st TK 71 74 7A < 7Y
UlChloOaiLftCColst B1K IHW < VIM 11
l 1li X
IAg A Wash 1st T t 88 mi3 08 8ll
1 ChIc a Erie 1st 10 M PM 10414 ItIs
1 Delft I Pad 142 142 IU IU
ltLlenkROcn 034 4 8 h 84
IDufftlronVist lov 102 Il
SDetmltOuos I 74 74 74 744
g U 1 i i
SDetMft JtlH 19 III 114 ill
I Evansville ft T l lst1084 101 II Ills
So Fin A Ii S lit 094 Vtl1 P9 02
lOErlugelltenLl34 I14 001 1 00
3 Erie prior bds 01 04 I 04
SFrte en 1st luit 184 1311 18d
1 STennOs107t4 10784 1074 117
ETeundlv 1114 II II III
19 Edison Bill 1st 107 ll7 10 101
IYltaanUIIII1 lIt 09 111
anint ft P M 1st Ii 04 03 Ut Vt
14 Ft Worth 1st T IL 67j 87 17
HO II4S A lit II 100 Il 100
4a OIIV3 UtMPSs 0l4 Oll 1414 I 1J ll
liGaPau lltSrt < la la 11 IIS
I On fcleo deb 6s IIOH II l04 0u
88 I a8tJocnd17 17 t Ws
X Hock talc 1 s 44 11 844 840 I
2 Hock Vii es uu Oi 9I VO
SO lloutln a a T O 1 Qui 4 I 64 11 O4
I Ino D t w lit 101 101 101 101 1
I tnn IlL lii 001 l0l4 Ilo lOA2
10 Iron Mt 04 77 7 77 77
lOIllCent4ilVOS lot 11 101 Ill
11 Cent 40 1133 101 101 101 lIlt
S Iii Cent 4S W L lua IU2 102 IllS
13lntUIN lit 11734 117 17 17
i lot a cit N 21 7s 7l 71 T1
jj Iowa I Cent 1st V4 96 0514 1014
H Klnilt County M let BO 11 11 lS
lOKanPaolst 15s II 7W 104 1074 l014
S3 Kan Pao con T I 731 7I4 7214 7
I Kan Pie D d as lO M 10544 1 10
1W Kan 4 Tex 4s H3 J 44 444 el
CUKanftTexJds CuU 0 to CI 01
1 laded Oa Ill 93 00 144 0414
81 Lrxavft IFII111 111 tl II
lelileh V Term OIOW lOt 10914 IOU
2 I ft WII en as 103 104 Ion loll
ILWtlloL 11514 16 llh1
71K l a teat Ud 1WS 1034 108 13
11I ke6horolstc HUM 11 11JJ4 U3t
lLake4100rlStr 11114 114 lilt lilt
tl II In
H Lake Shore vdol 11 lI4 tl 110W 111
441akathOretdr1104 111 11 11
l3Lou74coIon 103 10l 104
US Iou I a Kg 4a 7H 71 71 71
ULnuftNirnl 119 I I I
BLoUft N NftDlst 110 II 10 10
2L0UNNOM82410014 I 100 10014 1004
g 18 13R 199
loixing Isl Ferry 4Jt DO 90 9 1O
e Long Island 4s V3 I I 03
LDe IlanU
8 Ll Aft Cb gui 73 71 744 7414
U Ia a Mo lily W IOU lOl 109 llil
I lMoKftEl BIU 914 UIU 0IH
88 lIes lot lilt Is 74U 1G 144 7B
10 Minn ft RILcnOIOI 10114 101 10 W
6 Maui tchas lstTI7sIom 10214 101 IU2
8H Man Ilwy 4s 9lt 11 U4L O
10 Met FI 1st linij II 18 11s4 its
Mettled 101 1041 108 115
VMobft odiiiIC UNVi m mi 114
1lohll 1st ex Ot in 18 113 118
BuMobftOgnl OH f 634 OAt
18 Mien Cent 7s 11M 111 1514 IIU
laMnlaccn U41 0414 VI 01
KMoIooSd ton I 104 II 114
9 liii a L S lit 13J 112 134 132
10 Mutual futon Os 114 III Ill 1
I Nor PacTerlst 104 104 lOt 104
sn0or1ae1ste11114 11014 le 11414
10 nr 1a0 1Ir lltj 1r 1144 11
7DNorPac2dc 1101 11 I1a tl
IfX Nor Pao lcctfs AL111114 ll 1104 10
In Nor Pa Mr HOI lllli 101 tl
siNorlacMc 74V II0i 74 70
IB 11 > Nor Iao CI Ss 4HU 0 71 40 <
4ttfNorPaocnSs T I 4M OIl 414 4U
17M Nor iso CT N MI < II IQJ I0J 1
2 Nor Pan lily s 70 71 70 70
2 4 Nor Kit of Cal Os Vi4 II I 9ilL 93
4u Nor Pac < Sinn Ut aI 4 87l 1I54 11
lllfl Nor loA 31 lit T I HI 74 nl Ot
17 Noif A WM 8 WillT 6 J I 5114 411 401
VH Vorf t W tnOjr 8s I 1011 I 0 11
BNJ Jtldland till lH 114 111
DN v A ljuk lIt Ill 144 I8J ru
I NJCcnucniOSr 113 11014 in iisi <
tNCengul5i117 171717
SI 1 S V I Hill IStV 11V 111 I Ill imx
flNYCen 4s 101 101 101 IWI
ION YCeudeb Is 10m 1024 103t4 llJ4
2 Nah I IBist 1st NX U I 45 nl
4 Nash ft Chat en Uji < 11 2914 UI
24 h YChfthtLls 101 I 1014 10JI tlJ
nsut3 lOiV 1154 101 111 IS
1 N Wen lui JIll Ill 11
1 1 W vx 4 I00l < tnl IIIUU 100M
4NWK < ililc llll I llll I 1 I 4 I
inswnu in 111 Ill 115
tJN WufditiM 1UJ3 Hull If 1104 111134
<
I N ttilf43lIyr 10ii 1114 Ioa IlISLi 1
fl N Wdeb ft4 < rIO 10814 194t4 10414
lv N Y ut Wr4 iU 1 M 14
BNYOJtWcnos 1011 10 Ill 1 111
x ohln 5 Miss in Ill I 414 11134 104 10J14
2OrRAN I lit It 111 In I
II 10 it 5 N rOll 5 Tit 97 17 t1 044
lOhlox > utnern let nl 4 II 04
77 urivnn 4 1 tIll cnl l < 74 1714 114 a I
84 Oregon 8 L I 6s 1 1 H II llj 121 IHI4
7oCrcgunBlif > < l lUj I I I I
4Orivon nip c T II 43 2a ya VI I
4 ieo t Eastern hl 1 n 1 ls 1 17
4 Pert 5 taslernln Ill II II 10 I
10 Pills ft V ° n tW 7 l Ill I 103 I 111 111 t
19 tltliS S J M I f 4 08 41
4ok ltlnCl 74 7114 711 21
lpro4KUt 1511 l l 1o4 10134 101
17 Tills t WrSI let Ilk Ills 71 71
1 frn t 44 lt 1414 l4iLi I 44 144U
Dtlo WftOelCs IMli m loa J171J
l11 f Itook let or Oi 10 44 101 14 lO24 10lf I
I 111 t lIlly 142 I 15
Id Ita IJfl lI I i ltl4 9214 Ottt 944
lUJBASnilSj I I U B lii 9t oulj Oil
l43lli d bl Ii T Il 754 11 74 71
22 Itcsd hr Ir Ilr YIY I U0lj 31134 0413 14114
IV led 21 IIr Inc lilt lstL 811 t 14114
61 Ill < > < 4 W 11 7144 7 I 11 04 714
gaitl1 M > li1 1 uv I 12214 121 123
IO I toIeoot l Call lit 1417 117 17 117
flii I4oIalotal n fllli 11 II II
1 soiaeofN3leslsl0t4 1034 lOll 103
18 Pac of AM4 lit I U I U I I
U1 I l I lit 121 Kit tl ii tl
Mi
Sgll I A 315 lcS 1 Ioa 1U lIJ Ila
211 t la > tl 14 U3 113 ill 113
lNHlPMacon l m m I m
6bt l 3lacn 45 1004 101 10 10
SJltZiTrfifeia I 111 11114 li li
VbILt8V24CII 1141 11 1 11 lid I
CII4Ica I I < 4s ld 42 U 11 I
88111t412 I 10114 10714 lon 107
libr 1 iil4 1J 1474 127 1 Ian
I I w IIr1 I I 175 IV4 18 Il IV4
Vat H V dlv 104 loe tO 100
7btgnlli 9214 9114 IIJ 04
XM rIJ 5 1 sdlv 10944 I 1024 1 11 102 I
ISIIThlifl 11114 I 11 m U It lit
414111s1Ck I d 1134 1134 IIS ItO
1111 o
111111 W < 1 1 1 10 I
6
tr l t c
se 1 t 1 4 ass rat fed
H r
i HI T ft Nor aeesr UTH 111 11134 1114
ARtlxinfs I Wist 1 7144 I 1121 11
UMLonls8W < I 2T la 744 111
II Pev A A I li u 17 1
l S
I O O I IM I 14 9l
10 I
178JooO IIT I 60 M n 7
53 South flalIy Os 01 9134 Q4 9o3
I 0 Yub W 84 illS 12 102 11
841 all LSftEistln BT 81 8144 87
U 1fx me 116 14t4 IV I 514 1454
48 Tex Iold Pf 1 VH 23 55
il term Haute 1st 10 I 106 lOl 1
I ol Ohio Cen t 10 1 2074 107 io14
Is exeWOreDlls W64 9514 534 1
IB rt1 A K o ISTM 74 744 74 7434
7lJnPsc18 104 lO4j 104 lo4
H tIn Pac Vile T 11 B8U 17 9414 I I
I I 1 n Ie II 1044 llI 1014 1044 I
U1nlae97aTI4 Vi > 11 97 14i
4 On Iac 101 104 104 1044
2 tin PadHis T It ga < II 1834 IIJ 314 1534
B Jin Par 1491 109 101 102 1O3o
4 Wn Pacjt 8s C T NI0 114 I 1
1 Onion la1 r T I 1134 314 lIt 144
It tin PacIiftU Isl 119 H4 = 39
1 V mvinlatn let Tit IU ng 140 DII
5DLeathcr5s1114 11114 < II jj4
I lTth 4 col 654 I3I 4043 H U
to Onion Flllt tIll 47 11 11114
uva Midland gui 109 lIlt los 103
40 U IAIII107 10714 lOT 10714
II Waba11tl 744 101 744 744
rm IW In 11
11
II Wrsl UiulebVl Ito 110 III 10
IC Writ Union Cot 8s 101 107 074 107
8 18J l8r
I tet Ie 014 ioo 11111 118
81 Weit Ihor4101 10044 1004 10044
II JJst Shore 4s rVgil03iJ 10034 1110 11104
I Jr5N Y t la rr Ofl lOll 103 loS
X5fiCenlst I 4v4 4214 4214 41fl4
40 Wlr CinlslTIl 4114 44 49 42
10 llkesftE lit 88 H3M 85 SH
Total sales of railway bonds < PU value 18810000
hAlLWAY AND OThER BI1AHM
r Optn Jf0iV > tia rIo
St Xnntt hifj I fat Hit ro
12210 Ad m Fipress HUM 140 < liwu 1494
12821 American lorJN lllrtj 1185 IIH I
IH AInPrIentlgItcfpflot lm tOo 1014
400 IIM1 It ullelprIOI BOH 60 101r
I5AIwrleanrslIe vltj vll 1 D3 143
L3HA AtnertiMin TnKA n u t po 134 hi
070 Amrlan TI pr tol 111 I I too
flIOAmeriennEzpesIij 115 1114 ii
610 Amrrieanc rr Ill IS II lS 1114
754 AmerIcan Cot OU pr 1404 1211 II u P
17IAtToKto ir 1144 1514
10 At T A 8 Fe Ir X 2I I
All 13 H WIH
800 AtIaItl0 Srlr j
sg3
40 AIm 11Orael 11 4 41 P i4 11
440 Ann Arilne pr 27 274 5014 U0a
110 lal A Ohio 144 II IH ji4
UUO ooklynll T Ini 21 204 II
425 Caoda 40lthern 4114 4414 414 41414
700CAlaln Iaelnc 4Uf tol 54 Ml
11100 hrysoilu 11 13 t I 114
4 nlIII lne II Ill 1 18 II
lt0lVhepk Ohio 11 11134 164 IfI
IIlhloltl 4114 lit4 U 41 1
IH7qlcE1 t tf IV Ill till 111
UIII qa 1114 4444 4714 134
M ChIc t Allun 114134 1 1 IMk 1PS34 1514
4CIIIO C Altnnpf II 11 II II
53330CCStI 33 34 844 84
Iltl tl < SCtLpr Pill HIP IS 1 IS
4941 I hIt A NIl 14 tl 1184 10134
000 ChIc N Wor un 11114 tll 1414
64UHiriit1llftU I 74 11 7
4X174 1 MKIP l l lI l
ii44CMstPtr I nrH 32i1 s l2t4 hM
2U121 CII a laclfle 24 1 7214 70 7
21110 i Colorado fuel II 31114 I Hn
OTaileve I 8 IV pf Oil 01 001 II
KiLoliiwl A IIov 1 l > 224 24 1154 YC
601 Col II V k Tel l 1f 10 IC
f 1
Ii < CUIKDI I oi I I SI I 144 101 I
oUItelJtlllldsnn 11 17 17 I Y
41H I1 VI lnk l a WI l0Sf 171111 1lt5 17014
lUDIllll HNS All 014 01 IIIH 04
1 Ill Den t llll I 124 124 1114 l 1234
JlillO ten A K O pf 4514 4v4 4 474
7V03 III A C h M I44 174 A 73
Moo ort T Tel TI l 1114 104 f
9411 EdIson E I 101 I VM tIM
MOfrlultlt II 10 HJ 1
Din Erin U I II pf 154 H U Is 1444
Ir
114 ErIe Kit M IIr 2l 54 I 224 22J
t Hint ft Ii 11 37 87 87 07
I004tNorthrnpt i1l 110 tA tA
SOm w lh
8074J Generalhleilrlo B 044 47 141 li
2413 Illinois entral 14514 141 1I04 tIOLi
llil Illinul tI l 704 7 I eUI 3131
1124 IovaCenlral144 1 1
vn7 lovralentral pr 174 UN 871 87
100 llngIn 4 PM 21 o 811 Vf VO
11 1511 l FrI I A WI 11 1s34 I 1 1
V74 MkeFrltfft Wr pro 7114 70l 00 10
lOliS Luke Shore 147 1H 17 17
ou Iong Island OO4 2014 hl 0 4
201 10011InI 2734 2734 834 27
IOO nclede flas pf 6 M 44 14
8870S MIlls 5 Nanri 1 614 4SH 4V > <
llifl I IoillnN A It I 54 Gla oIj r
SMIouls N A I cpr 20j 20M 21 20
S3IS3 Manhattan COO1lV4 lilt i 1VK 11074
404 Mannatun Mn 10 in 414 til I I
VIOMetrnpolltnn TMO lulji 103S 1014 103 4
800 Illchlgsn Central u i4 < uiu Bill USi
no Slum A > I L im pf 7JJ 7fiJ 7034 711 <
tOD Minn ltit LS 1 pf 30 SO Bo 504 l
Won Missouri Parlfle 21 10 2334 244
HlJI II ln KnntT pr 2724 214 211l YOT
lino Mobile onto 244 Y2 224 WI
IIhle
2 3lorr < EIICX 1511 112 110 112
12 Nail Starch let pf 0134 I 0184 554 0134
800 Nat I oil Id3 1 Ill 134 II
sot NJ Central tOII IUT 101 10074
6un I N Y Central Uli 114 I61 1134
67A National Lead 2 I 244 U 211
229 National Ifiul pf 174 87 17H 1734
611 North American 04 I g 5L4 114
DONYANEOC 4IIO 41114 4054 4044
SI N tn St t I 1314 144 I34 144
100 N V V tt L 1st pf 741 I 714 75
40niXYr t sti it < i I 12 S 31 uo
80UVV StW 4414 14 H H 14
1000SVSWnf 22t 2274 2 224
1773 Norfolk WI 14 I 1 4 l
10I Norfolk t Wc tpf nit C4 134 rH
IBill I Northern Paclrlc 14 I I I 4
47BlNorthirnPacinopf in 1938 I 11 I
Sil Ontario 4 Mining 1A 15 UI lit I
g I
787 Ontario ft West I4t4 1414 1414 1414
2113 Orcgn S I 83 14 34 814
ial7 Pacific Mall 27 27 21 5044
lOPeo DAE M I 2 I
S373 Phlla ft Ifcad ll 34 I I04 1014
8 PvnnaCoal 820 1430 810 82
rm m m m
5nniuIlmnnl alCar137 i 157 107 157
1000 Phfinlx M 1 a 0 2 8
SOIUwVo 114 10 1 11
SIONtlSW I 434 43 49 41s
inaiRtiBUpf I I I 1114 lot
1000 StP I ft Omaha 1414 11934 841 lId
lOsst Pftdmahapf 12J In IV Il
lOOStPMftSI 1U 1 II 12
1170 Southern Pacific lv 4 IU IV 114
KrtK4 South Rtty IH II 1 4 O
147J South Hwj pf 2W4 20 214 2934
4214 > Tcnn Coal 4 Iron ill 2 2141 111
100 TullO C p1 73 70 70 73
no Third Ave I 1110 IbO 10 10
430Teia Pacinc I 1 7U 714
4IOIKI Cnlnn Pacino b4 u4 I 44
iSO Union PacincDAO 1 4 e Il S
2013 U M luhb r 2H 274 234 ill
671 V S RuMwr pf II 4 b7 0 0
i 8sn USCVmliwepf Ii4 IM IH V
BIO U Cordage Ot IUI 1114 lli I H
11170 US 1 Leather U I l l3 > > 5 14 144
e7V1U 8 Leather pf 11134 817l 601 fll
IMIlMIExpnsS I 41 44 40 41
140 Walasl 714 7 6 14 7
4 J2 wahash pf l4 l IMi K 2 344
lib Wells ntxIOO tit 100 101
BlflB Western Un TI l 1414 H4I HSU 3l <
2481 Whcrllnit ft I K U 14 HJ l4 VH
1133 Wheeling A LE Pf S4lj 8874 34li 80
400 Wisconsin Central 24 214 I H 414
Ibtal sales 778S7 sharui
BASK STOCKS
Oj9t J1173U IMU Cl
Sates Vam O f tit tna
7 llroadway 207 907 Sn7 10 7
8 MenhantV ISI 18J 193 laa
S6allatln SOD BOO BOO Boo
lost Mchola los 101 101 101
100 Tradesmens l4 OS > U4 U4
20 Western alonLIO 110 110 110
HUNDAT April IS
The Treasury balance at the close of business
Saturday wa 371101700 of which J128
201388 was cold The national bank note cir
culation outstandIng at the close of business
on Saturday was SCUlolSHlS an Increase for
the week of 1324007 Balance of deposits to
redeem national bank notes 21110324 a de
crease for the week of 140800
The imports of general merchandise Including
dry goods at tbe port of New York last week
were DtM7i5 against 11342801 the pre
vious wuck and 100310X1 for the correspond
log week of last year The Imports of specie for
the week were 12003 of which 1300770
was cold ranking total specie Imported since
Jan 1 18073010 Exports of specie were
Gold 1014808 and sliver 11050808 a total of
iSHDOOilH against 1110780 the previous
week The exports of specie since Jan 1 have
been Gold 514t00tJ05 > and silver 113342
048 a total of 10208011
The weekly tat ment of averages of the
Clearing House banks shona
lirnli 2 April H Chnnott
Ian Will 483ll 40n laoc 117300
leposlts 4iI 7113700 b31 iai4lll Inc 1133700
Ircillntlon 142SISOU H illlBuil Inc IHMIO
< lrcllllol 7Hxui suO 7 MIOO Inc I HOKOO
Ipeclo euvaiDOU ChHS3dUO o 4IBIO
Resne H7434VOD till710100 lao i2542l0
Rsve rI I JO tttuo IH07S7 30 Ino i1
Surplus ti7003V73 8l7U3lViO lao 943278
The surplus a year ago was S14022775 and
two yean ago JNH3000
Tho irecn Hay Wlnona and St Paul nail
way nmuiiny first mortg so and consolidated
ruortuaen Bondholder CommltteeMarlc T I
OE C luilrmnn announce that bonds must be
deposited with tho Farmers Loan and Trust
Company > on or before April 20 In order to par
tlclpnto In the plan of rcorganUatlon No
bonds will b received after that date
Hmltliers 13 Helmer announce that they will
buy or sell scrip ot the Atchison general mon
gage and adjustment bonds
BAlfKZ0 AXD FIXANCIAT
td rUoln I 1
nONPIIOLDFUS1 Ail > HTfCKirul DFIIS SHOULD
BEAu UEUULAHLY rug 11OMI KKCOIUI a monthly
Journal Economies and yiuanc louialnluii latest
earnings raor < inl < allou news dlvldeiils iimuatlui
besides all matter relating to pb lt ical I cbaractvrlt
tics J condition traffic and the operating
tb of all railroads and r IufW
with euUra Imuartlalttyi alo article aiOlI the
Itadlnii ntuinelal que > rrhlbrn day written by
tbe ablest specialjsia Korea of lbs coiiMntsnf April
number are fUr CLHHKNCV LFVIION by lit
numb a Tit ClllESl
Y W Tautslg of llarvrru Lulv i uk Irving Fisher
of Valo Inlv M 1r Muhleman C S Treasury De
partment and Others IUILIIOADS Pennsylvania
Uallroad Pbllaelphla ft fcrle Itallroad Cleveland
Ilload IblIlphla <
ft rillDuri lullroia MIssouri Poclbn ItallKay
and otiivrs l BUNDIlV COHPOHATIONH Idlson
Elctrlo Illumlnallng Co ef 1 3 National lsd Co
Conimercial Lablo Co and nlhers for ale I on Cf 1
Newt btands IS per year j i S cents trI
Hprlal Tide of Im llrUo
The Ellis Island offlclals had more work than
they could attend to yesterday taking tbo pedl
grees of C300 Immigrants landed from the
steamships La Tpuralne Etrurla and Bolivia
IU hundred of tile 1I7 I Italians who arrived
811 hundre tl detained for extended
on the ilollvla were dclane more nlende
xarnlnatlon to < lajr and tomorrow I Is I pob
blu that at least 100 of those detained will b
burred
elrnd S
o I
latIAI
mel V HARNETT I CO
nEtmr w OOHAID Auctionnr
REGULAR AUCTION SALE
STOCKS A BONDS
TUESDAY April 14 at 1230 P M
at the Real Estate Exchange Auc
tion Boom 60 to 65 Liberty St
By order ot the Executrix of Tennent C Wrtjhl
1 mom nhl New York Produce Exchani
For account nf whom It may concern
60000 bare Consolidated Electric Storage cxx 1100
40 sVarei Mercantile National Pink 1100 eaeh
> OOOHyracus INiifbamton and New York It R e
lit inoruaM 7 per cent Honda duo igoii
19 000 Kansas city WyanUolla ami Northwestern n
IU Co let mnrUwe A per rent Hindi due 1VJW
Ilits at Auctloneerii 71 sOil 711llxrtv II
Mattes
ToTgue rmit i
00 CTHAtt BT NEW TOnIC
Gf rmA m SJ 000 000
I tVKPLl S 1000000
Transaela a General Trust Business
Take Entire Charge of Real Estate
Loans Money on Bond and Mortgage
Lana First Mortgage Gold Bonds
to Check
Interest on Deposits Subject Cbecl
0V71W1118 r
GeoleW OnC Pretltlrar
Xvtkrr KooBtxet VtcePrealdent
Jam Tlinp < ion 3d VlceP rmldeat
rtkarTarnbnlt Treasurer
tVIIIIam P Elliott Hroreutnr
Clark WHIUm Asst Sec and Treats
ETECtmVE
OiartesD EEC CXIMM1TJKR OUllVr 1
fMD1lkeJr
Tbeodora A Ilavemeyer Luther Kountae
Lar7 noD JmTUnpwn
0D Je P
umpcrona
Bamnal D BabcocxV
VTtltlsjn loe D Del K Klsoel
DbC
3nmOat Clay lather Kiumu
tSarles D Dickey Jr Cbarlton TLewis
William P DICPr Iwl May
Z > avid IJo 110 Theodore HJlrtl
Itobert A Clrmnnls JUcharU A McCunly
Tbeo A Ilavemeyer Itobert Olrphant
CharimltHenderson i William 7 TlUcUartlj
Sardine t ZIII1 U ilobcard James Ocorts Tlmp W jn n
GuarantyTrustCo
of New York
Formerly Ttw York Guaranty and Indemnity O
Mutual Life llnlldlnc
05 CEO R UTIIKKT N V
CAPITAL 83000000
SlIlPLtri SJOOOOOO
ACTS AS TUVSTEn FOIl COItroIlATIONH
mtiW AND IXDIVIDDAI AH OUAHDIAN
EXKCCTOU AM AUMINlrtTllAKIIt TAKES
ENTIRE ChARGE OF REAL AND PERSONAL
ESTATE
INTEREST ALLOWED OH DEPOSITS
subject to check or on certificate
WALTER I 3 OAKMAN President
ADRIAN ISELIN Jn VlcePresldent
OEonon I TURN1IUJL 2d VlrePresldent
J1ENHY A HIt Y Trees and B
J NELSON UORLAND Aiilit Trw aftdBeo
D1RECTOR3
Bamnel D Babcock Adrian Iselln Jr
Oeorxe F Hiker Aueutui I Jnllllard
George 11 Rowdoln Jam N Jarvle
Frederic Cromwell Richard A McCunly
Walter I Gillette Walter n Oalcman
Robert Ooelet Alexauder r ocr
O O Haven henry I Rogers
Oliver Harrlman Uenry W Fmllti
R Bomers ITayen H McK Twombly
Charles I Henderson FrelerlcfcW Vanderbilt
William C Whitney
Qpptirjeptal
Trust Cpmpaijy
18 WALL STREET N T
CApTr moo ooo
HTJUPLUH aGo
OTTO T BASSARD Iresllfnt
WILLIAM ALEXANDER SMITH Vlce1resl
GORDON MACDONALd Zd Vlce1rest and Seoy
HENRY E DAIIOIU Assistant Secretary
Uelcnotril by the Nnpreme Conrt a a a
llepoHltury for Court Money
Interest Allowed an Deposit >
Kxecutee ull Trusts
TRUSTEES
William Jay OlloT Pannar1
Alfnl > I lllijt 13Icrt I i t V il ra 1 Forest
Jamest r rrtsh tlratid hosier
HotMTts Hull ionlun MardonatiJ
Henry 11 TH T Uonlon snrrli <
Oliver Harrlman Jr A iiirenr l Norris
Wllllnm Aleiamler Smith William K Cochran
Hol > ert Olyphnnt U alter Jennings
John C Ilati merer Ullllam A hazard
W Seward Webb rank 1 Halt
Tram 1M I Park
Borrowers on Mortgage
should apply directly to this company
ivery good mortgage promptly accepted
11041100000 loaned during the
11000 loned durlul past roveD
yearn Low fees for examination ansl
guarantee of tltlo
aantee t1
T GUARAIflEE lBUST C9
I 55 Liberty St N Y
Oo 2 Court bt t Brooklyn
I N E cor 6Hlh St and 7th Ave N T
CAPITAL 2000000
SURPLUS 1350000
OtRBOO
4 1RUSTlCD
34 3TTI AVE cor 27th stIlranch Bl lilt1IBWIY
CAPITAL SI OOOOOOOO
DEhlUNTFD IKOAI IIKPOblTOllV
lateresit Allowed on Time lrpn > lta
Checks paw through X V Clearing lou
Acts as kxecutur iltiarilltn or AdmlnUtrator of Fa
tales and an Itixelver HiKUlrar Transfer and Plnau
clal r Agent fIt Itallroails II r and rorpurutluns 1
Money Loosed on lined nnd Mortgage
heparntu Iiviitrtlii nt with
SpecIal ITarllltle fur fudlea
ROniRT IArtA President
CHAItl Kft T lUHNf Vlc President
JOSFPIt T liltuWN Vd lcPrMl l nt
tlUPK I riIillIHF Secretary
J IIEMIY TOWNHhM Acid Secretary
Government AND
Municipal Bonds
BOUGHT AND SOLD
APrRAlHiaUINTH MACK OR QUOTATIONS
TCIUnnllEI KJR TIlE lURCIIAiE PALe
OR EXCIIANOE OP A110VK HECUU1TIKH
LISTH OR AlTIlCATIOri
N W HARRIS CO
IIA1KKHS
1 1
15 WAIL l bTREBT
NOTICE
ON AND AFTER APRIl 11TH 18OA
UOe
Hanhattan Trust Company
will occupy temporary office al
NO 10 WAII HTHEET NEW TTOBK
Of
during constructloa of new tmlMlnf
Wall Street corner Naasao
which will b completed ttay I INT
WISCONSIN CENTRAL REORGANIZATION
Ala duly calltd meeting of depositing bondholders
hsldonUmUtn Instant the plan of
Ild on U II l reorganltallon
as submitted by the Committee was unanimously
svlopted
Deposits of First Mortjsjs aol Income Imods may
till be made with Iho United Slates Trust Company
in Ib Iloslon Hew 01 ant with Uosirs Drown brothers o C
I ltl UEOUGE COPPEIL Cbalnaaa
PEW YOW ICth IbOU
H I
J 1
2
Quarterly
Dividends
ARE NOW DKINO PAID ON STOCK
OF THE
PETIT KIANAN LAN
and
INDUSTRIAL COIKIPANY
Organized In September 1 SOS n first divi
dend wni declared hi December laOG and It
has been payIng tho rate of 8 per cent an
tiunlly since tho
PETIT HIANAN LAND
and
INDUSTRIAL COMPANY I
wnn formed to ilcvolop tho IonlnMiln ol
1KTIT MAXAX on the coast of Miilno ten
tulles from Uir Harbor and to make of It 1
nnl
BfiHlJo Hiirntncr lOll nntumii resort This
Iionln iiln contains S505 ncre of hnil ex
tenilt 7 miles Into tho Atlantic Ocenn nnd
IIIIH UU miles of coast llriu iinstirpnsncd fur
nicturiMiiii gnitidenr nml benuty It has
been bought ami paid for by TUB PETIT
MANAN LAND AND tnt THJAI e0t1
1ANY which Is I organized under tho lnw
of Mnltip with 1 cdpltnl stork of SUf > 00
000 OK WHICH ONLY I 81000000 1 IS I
AlTHOHIK TO IIB ISSfKO O this
ntnouiit there have bcun Isslm 4UO000
leiivltiK 380000 In tin treasury of which
UOOUOO IH I now oITercil by the company nt
the PAH VALUE OK PEU
IAH YALVI OJ 110 IFH S1LUIE
Tho stock now offered for sale ns well as
that already Issued in Bccilrcd by deed ol
trust conveying one million dollars worth
of the property on 1 basis of value fixed at
S celts per square foot to the
JTERNtTIONAL TRUST
COMPANY
OF BOSTON TRUSTEE
1lllchl bolds It nsn permanent PurUr FOR
THE EQUAL HENEKIT OF ALL STOCK
HOLDERS antI to provide a means of liqui
dation of the capital stock of THE PETIT
MANAN LAND AND INHUSTHIAII COM
PANY out of which the dividends on Its
stock are paid are derived
FirtrnoM Tie HArE or LOTS
TiE ENTIRE PROCEED LKHH TiE
HMAII ItUNNIMJ EXPENNrS OP THE
AMI OFKICi GOING TO TIIE TOCK
IOLDFR
HecondIIVIIniNO OF HO US EH
TllrdTU ANHPOHTATION K EVE
NT KH
Fourth hOTEl AVII AMUSEMENT
plnIEOE ET1 ETC
Tim difference between the cost of the
land the cost of buildings etc and the
price at which the same are sold after
expenses lire paid goes to tho payment of
dividends The land owned by the com
pany cost the stockholders 1 cent per square
foot nml it now Hells for I average of
IS I CENTS PER SQUARE FOOT At
thin rate of Increase I original Investment
of 81000 would now amount to 818000
As I seaside resort PETIT MANAN Is I
designed t be an Improvement on HAH
HAHliOH where land which was sold in
1H7U for 10 per acre has recently been
hold for
217000 PER ACRE
Its advantages ocr HAH IIAHHOH are
many From no point in I the most thickly
willed part of HAH IIAHHOH can a view
of thi Atlantic Ocean b obtained HAH
IIAHHOH has no safe anchoraire for yachts
and the water Is too cold for bathing
PETIT MANAN on tho other hand Is directly 1
ON THE OCEAN
while Its bays and coves afford safe harbor
for craft and It has 1 bathing pool ten acres
In extent of naturally warmed Mea water
the only one on tho Atlantic coast A deer
park In area nearly ns large as Central Park
stocked whIt several hundred deer Norway
grouse hares and J imrtridgcH Ls another
Feature of PETIT MANAN enjoyed by no
other Mel lllo property and insures Its pop
ularity lu autumn as well as In Hummer
As n Hummer resort PETIT MANN for
the first time
WILL OPEN IN JUNE
of this year Over I f miles of roods are
completed affording unexcelled drives oer
1 country with au elevation of nearly 200
feet above tho wa Ieel a continuous view
of the ocean groves uf spruce pine birch
maple mid mountain ash bays coves and
stretches of verdure and rock formation
which in I nmntiltmlii and uniqueness I of
shipearo unexcelled anywhere on the Maine
coast PETIT MANANS first season will
opin with upward of sixty buildings con
structed including hotel and club house
The company constructs houses at 1 slight
advance over cost and will sell lots with
hOI at from 82000 upward to any price
Icslrcd and will send on application
sketches of ruttaKes ranging in price from
81 fiOO to 115000 putting up the lower
priced bouses ready for occupancy In from
JO to DO days I
I must 0 apparent from the facts that I
the stock of the PETIT MANAN LAND
AND INDUSTRIAL COMPANY I
A SAFE GOODPAYING INVESTMENT
that Us value u ill bo greatly enhanced dur
lUg Iho approaching mnnmer and each suc
ceeding H ason us tills ideal resort develops
and expands and THE PETIT MANAN
AND AND INDUSTHIAL COMPANY
has no hesitancy therefore In soliciting In
vestments In tnt treasury stock now being
offered through the 11 nil of
DANIEL ODELL CO
NEW YORK
STOCK HOUGHT NOW WILL CARRY
UP JUNG DIVIDEND
Our Mr ODell personally viewed this
property last month and went Into the mat
ter very thoroughly and his Investigation
ntlsllitl us that the Petit Manan Investment
Win 0110 WI could recommend to our cus
miners The property Is a very valuable
one perfectly wdapKxl to the pnrposeii re
quired the management II In good hands
ind the above estimates of profit are tn our
judgment conservatively stated
We recommend the purchase of these
bares in amounts desired Fun Infor
mation can be had at our office In person
or on application by mail
Map and blue prints can be Men at this
office showing the peninsula In its entirety
D4MIX ODEIX CO
Hankers mid Brokers
5 New St New York
efltlaI
U trtrr WrWIJWfltur r t
NORTHERN PACIFIC
Reorganization
IflW TORte PHILADELPHIA AMD monttf
April 41h IBM
Solders Iwothlrtli In mount of the undrm
Uoned bonds certlflattei and no leI having In per
son or throuf their replC1lOnlU already acorploi
the pun ud Mreenwut of rrartsnlutlon dated
Much IOu 1880 all holders of uuuundlng
Northern Pacific R R Companys
General Second Mortgage Bonds
General Third Mortgage Bonds
Dividend Certificates
Consolidated Mortgage Bonds
Collateral Trust Notes
Preferred Stock
Common Stock
and
Northwest Equipment Stock
and
Trust Companys Receipts for the above
described bonds
are hereby notlfled tn deposIt their boiling with any
one ol ttm unilerilKtied on or before Thuril lay
AIItir snn 18HJ receivIng ullble eerUnale s
of deposit therefor
Deposits aflr thai date If aocopied st all will be
subject uch terms and condition as may Ie Im
puted by the Uanactrt
Holders of certificate heretofore timed by the
Mercantile Tnut Company of Sow York fur Domltde
poiltml under the llondholilcr AgreiMiicnt or Kebru
ary IV lout nol already stamped by nametitnil
the plan and Agreement of Starch 10 13UO I are lirrby
notified to present their iertldcat At one uf our
omen on or before Thursday April alt d 1HIM1 In
order thai we may stamp their approval thereon
The Manager have the right which at any time here
after In their dlretlon they may exerclnA to ex
dads absolutely frnm the plan any holders of Hitch
receipt who ball not conform to the requirement to
preunt their rccelitt for itaiuplnz at vzirc ily u
anting to the plan and agreement
Tho cub payment In respect of stock will be paya
ble upon date hereafter lo bo announced
Security hnlden are Invited to obtain from ui copies
of the plan and agreement an all depositors are bound
thereby Many feature of much Importance to 10
curtlyhotders are therein qot forth
Any further informatIon connected with the reor
gantzatlon desired by wcurlly huldert ttl be fur
nished on application at any of our ofllce
J P MORGAN CO
113 Wall Slneu Sew York
DREXEL COa
ttb and Chestnut sit Philadelphia
DEUTSCHE BANK
DerMn and lu branches In London
Frankfort Main Urcmen Hamburg
and Munich
TO TTir nONDIIOIUEKH OF Tilt
Northern Pacific Montana
Railroad Company
AND THE IIOIIIEU8 Or
Knickerbwler Trust Co Receipts therefor
NEW YORK April 8th ISPS
The undersigned Committee after negotiation with
the Northern Paclflo Kcorganlratlon Managers hu
arranged with the latter that pursuant to the pro
visions page 14 of the Plan of Reorganization 01
the Northern Paclflo Itatlrootl Svst4ni the bonds of
the Northern PaclOo A Montana Jlnllroad Company
may participate In such reorganization receiving for
each 1QUO prescut bund with all unpaid coupons
attached
fSOO In tho new 3 per cent General Men Bonds
bearing Interest from January lit 1MI I l7
9500 In the new Preferred Stock Trust Certificates
of the reorganized Northern Pacific Railroad Com
pany
pao1I01dn
Holders of bonds of the Northern Paclflo and
Montana Railroad Company or of Knickerbocker
Trust Company llecelpu therefor In order to par
ticipate In this arrangement are nntlllml to deposIt
their bonde or receipt with far J P
MORGAN A ft tO IVnll Street New
York ot Inter than AIUII C11I obtaining
In exchange therefor dutiable reorganization cerllO
caun to be issued by them Ilonds or receipts not no
deposited may at the discretion of the Reorganization
Managers be excluded from the benefits of this ar
rangement
The undersigned committee are unanimously of the
opinion that prompt acceptance of the foregoing
proposition Is for the best Interests of all bondholders
or receipt hollers
ornnoK n HIIKIIJONI
ROIirilT MAflAf I
oUtee
CIIAH T 1IAKV KT I
INIIXIK IVIIItMHKR J
ARTHDIt IISCOIV j retary
HOWARD lASS IEIt Counsel
TO THE IIONDIIOrnEUS OF TUB
Seattle Lake Shore and Eastern Railway Go
At a general meeting of the bondhodert of the
atiove named Company held In New York City on the
IIlth day 01 March IS08 I there being represented at
the meeting over threefourths In amount of the out
standing bonds the agreement of reorganization as
drawn by the underlined CommIttee adopted
sod radiOed All holders of thsi certificates of deposit
heretofore Issued by the Manhattan Trust Company
of No I Nassau utrett New York are requested
therefore 10 Immediately present their certificates to
said Manhattan Trust Company and bars their assent
to the terms and conditions of the reorganization
agreement stamped thereon All certificate stamped
on or before April 13th SOU 1 must ba accompanied
by a payment of forty eight dollars per bond After
that dale no certificates will bo tamped unless upon
payment of fifty dollars per bond
MORTON H 1ATON Chmlrau
II O AltMOVIl
JAUKN It MM ITU
E I > IIIIIHTIAN
Manhattan Trust Co
WALL BT tOUXKU OF JASfAf
CAPITAl 81000000
Authorized lu Ill t as Kircut AUulnlalraUir
Guardian Hec ler or Iniiiei1 ali Is
A Legal llepuillorr for Monev
Trotee ol Mortcngei 11 Corjioriitlutu and Transfer
Agent and Ileglstrar ol Kocus and Ilonds
Interest Allowed on Deposit
eubject ocheniiaihrmwh New York I iesringhouas
JOHIf I WATKUIIUHY lrcsldelst
VieeIrsstdenti
ChasnBmltbHirv W pierson HamiltonTreaa
lilreetom IHUfl
August Belmont John Real
II w Cannon John Howard Latbaa
It 1 Crrxs Jnlin II Moore
Hmlulph Kills K U Ilandolph
Amos T French James O heldon
John N A Illlswold lHmilH Thomas
If L Hlgglnson Edward Tuck
W P Hamilton inim I VTaterburjr
It T Wilson
8 Per Gent INVESTMENT 8 Per Cent
An H per cent Investment with real estate security
th return of principal IQTMUJ being aMiirwl but
with the Investors original proprietary Interest re
tained
Having scoured an option upon s block of stock as
described above and paying quarterly dividends of S
per cent I offer same In lots to suit at par Ito per
share
I have made a personal elimination of the security
and heartily recommend this stock as a safe Invest
ment
Stock purchased DOW carries dividend of a percent
payableJnne isO
Tor Interview or further partlruliri add ret
HXNKY A CROSBY
No 17 line BUMS
New York City
TtTAKTED
TtTAKTEDBUSINESS
BUSINESS MEN
of experience who deMra 5 situation no capital
required Apply to
B F OA8COIQNE
Doited Slates Casualty Company
Nassau and Liberty 8U
Nsw York
LOCOMOTIVES
RIchmond lofomolivf and Machine Works
RICHMOND VIRGINIA
aitinF oit coMrouxri IUCOMOTIVES TO ThEIR
OWN PEaiUKU OK TO SHLCiriUATlONS
Modernly ioli > d shops
Asaual capacity BOO loeosaotlvca
Term made a1Irueetory
CorrcipoBdcaC Holtcllesl
IudI L
Reorganization
or TUB
Norfolk Western Railroad
System
To IleUere of lisa rollnvvlnR bend siad
toekm
NonrtiiTC A WESTERN n n co
AiUaetment Mortgage Itande
lOOyear Mortgage Honda
Maryland A Wathlastloa IllvUInn Reads
Cllaeh ueliey Division hands
Equipment Morten Hands of IMH
Ply per vent Debenture oflfsV
1referred SloSh
Common Sleek
HOANOAKIlittMOLTltKRN RT CO
Fires Mortgage Road
Stock
irNCiinimo A DURHAM ic n co
First Mortgage ltoad
Stock
A Plan his been Inuft for the reorganliattonot
the Norfolk ft Western Uillroid system Including 4
the lloanoke ft Southern Hallway Company and the
Iynchtiurg ft Durham Ilallrnvl Company of which
copies may be obtained at the office of the depositary
undersell plan TIIK UKltCMNTIIKTKtMT
COMPANT ItO llroadwny New York city
Holders of the above mentioned IIONDS an4
BlOCKS are hereby notified that their bonds and
locks must bo deposited with the ilepiMllary above
named on or before AlItlI DOTH Inert after
which date deposit will be received only In the dis
cretion of the Committee and on such terms ai It mar
Impose
Depositing lION 111411 E1t4 will reCeive at the
time of deposit a sum In cash eqiHl to three months
Interest on the new First Consolidated Mortgage
Bonds lo be received by them under the Plan
Holders uf rlTOCK of the above classes are fur
ther notified that they must psy to the depositary on
the terms specified In the Plan IU SO per share de
posited ot which amount SI icr share deposited
must be paid at the time of deposit II on or before
June hit 1 flirt 11 l on or befure July flth IHOn and
42 SO on or before August 8th IHUn In considera
tion of such payment they will entitled tn recclv
common stock In the now company to the respective
amounts stated In the Plan
Any farther Information In connection with the
reorganization may be obtained upon application to
thn Secretary
NEW VOIlK April nth 1891
IUIIH riT7OrUAIll < luilrmaa
1 UKVMIIV T4II >
UKOIIUK OlMiiI
A A 11 IIOIHMKVAIN
IIOIIKHT FIKilINU
I HlIfJO lIE IMITIKINIRB
II F It II III It IX I IT
New York Executive Iteorscnnltatlasl
Coaitalltre
W E OLVS Secretary
13 Wall street N Y
BEWAHD OUTIIBIE UOHAWITZ Jt STFKLP
Counsel
OREGON SHORT LINE
UTAH NORTHERN RY CO
REORGANIZATION
All Heenrltlee provided for nader the nbOT
sneatloaed Plaa of IXrorvanlratlon must he
deposited on or before APKII IS 1HOIJ
after rhleh date no aerurUlea ivlll be rv
celTed exeept la tile dliseretloa of lha Cons
mlttee aad uader each uenattr ae the Coot
mitten mar Impose
CONSOLIDATED FIVE 1TU CENT IIONDS and
COILATrllAL TIlUST IIONDH should be deposited
with the OUAIIANTY TflfHT COMPANY OF NEW
YORK or the AUEIIICAN LOAN A TRUST COM
PANT or IIOSTON Holders ot unstamped ccrtlo
cates for such bonds should present them at the tame
depositaries lobe stamped
OIIEIION SHOUT LINK AND UTAH NORTh
FUN STOCK should bo deposited together with M
per share being the first Installment of the assess
meat of iu per share at the MANHATTAN TRUST
COMPANY Of NEW YOUK or the OLD COLONY
TUUST COMPANY OP IIOSTON
UTAH SOUTHERN GENERAL HORTOAOE BEVZB 1
PERCENT BONDS AND UTAH SOUTHERN EXTBM
V air
B10N BZVEN PER CENT BONDS should be deposited
V
with the UL1ICANT1LR TRUST COMPANY OF NEW
YORK Of UM OLD COLONY TIlUST COMPANY Off
BOSTON Certincatea Issued on behalf of the Utah
Southern Bondholders Committee should be ex
changed at the same depositaries for engraved cer
tificates of the ReorganizatIon Committee whIch
have beem listed OB the New York Htosria
Exckag
SAMUEL CARDS Chairman
Amos llulldlng Bostoml
AIEX1NDEK K OUIl
WALTER O OAKUAV
NAT1IAKIKI TIIAVCU
UOICMON A lilt OTT
UAItlllNEIt M LANE
A A II IIOIMHKVAIN
OEOUOE P liLTIRR Secretary
01 Wall Bt New Yorlk
HENRT O NICHOLH
5sTTKi April 8 1898 Count
TO TIDE HOLDERS OF
CERTIFICATES OF DEPOSIT FOR
Oregon Short Line and Utah Northern
Consolidated 5 Bonds
AND
Oregon Short Line and Utah Northern
Collateral Trust Bonds
At a meeting or rertlflcuteboldera held
April Oth 150 the Plan and Agrrttmrnt of
Reorganisation dated Frbrunrv tOth 1BOO
proposed by the General Ileorgnnlantlom
Committee ef wbleb Samuel leer tn Chair
man wan nnnnlmoualr approved
In accordance with this action all the Oregon flhort
Line ft Utah Northern Consolidated Five Per Cent
Bonds and Collateral Trust Five Per tent Honda
hervlDford deposit under the landholders Agree
ments of July ID 11U4 hatu now been deposited
under the above mentioned Plan and Agreement of
Reorganization subject however to the return of
such securities to tlfl Bondholders Committees In
caso the above mentioned Plan of lUiirganltallon
shall not 14 declared operative and subject also to
the rights of certlftoatoholder as provided In Section
13 ot the Agreement for deposit nf Consolidated
Ilonds and In Rtctlnu It I of the Agreement for deposit
of Collateral Trust Hinds
H IMIII OTT pKAitonT
Cbalrmaa llrsgon Short Line and isk
Northern I onolldated Five Par
Cent Ilundholdera Committee
F H IIANUH
Chalrmaa Oregon Short Iln and Ulam
Northern Collateral Trnat hoed
bolder Cammltle 3
IIOSTOX EtttiItK Aprii 10 I8fll
THE STATE TRUST CO
00 AVAII hTKirT
Capital and Surplus 51800008
Aete an Trustee Iteglalrnr TrunaTor an 1
Fla al Agent of Corporation and a KaMM
slIer Admlnlalralor Trust Uuartllna cal
CommIt s > i > f Estates rake full charge s > 4
Meal and 1ereonal Estates Jntereal ale 4
lowed ua Ilepiialt
FRANlIH H IIANOS president
W L TltNIIuLM
k VicePreeldonta
V A
JOHN y ADAMS Secretary
SUUIUCE H DECKKlt Treasures
THVHTErit
Willis a Pain Henry Steers
Henry II Cook Jforge W Ualatant
Charts R Flint tnrntlH Purtor
W I Trenkolm Charles Hrrinner
William II Kendall chines I TlHsny
Walter OJalIteu urg v1 Vhit
JO IN nanoiJ iprivsl kneutis
Edwin A Alplu Jihn J l Admins
Andrew Mills Francis N lunut
UIIIUinA Nash > rantls l > nIstaon
Oeuru Foster Ivabody Tliomas A Mcintyre
4 Dlrutet KdwardF 1 Poor
ATCHISON SCRIP
of General Mortgage and Adjustment Bonds
IIOIQIIT AND HOLD
SMITHERS REIMER
UembervM Y HlOl 1C Kl IIANUE
60 ASl 64 KX < IIAMH 1ltCK
Fur OlhtrA ditrtlumtnti linl < r This
Eti YuitA Fagt
I
t

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