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The Nation! Saying' Trust Com-
ipanr,vBeof 'the, meet, coasenrstlve. and
' 'yet ajrgTesslYe banking' companies of the
city. na -decided "thmt It, will hereafter
-pay its -shareholders "' per? oeot Hvl
deeds annually. or 24 "per cent cjuar
terlv. Heretofore the shareholder 'bave
been contentwlth a" 6 per cent annual.
distribution and have permuted we
surplus earnings to so to undivided
The .National Savins & Trust Com
pany last ear earned over a .per cent
on its capital , stock. .
The Institution was chartered by Con
gress January S. 1867. It' started 'pay-
lng- dividends Jn ".S92. on a 3 per nt
basis, the. increase to per cent, was
made immediately thereafter and It has
been the object ot the- directors and of-
flclals to accommodate an undlvidea
proQts account practically equal to Its
capital, before making- the dividend In
The Increase In dividend distribution
was not unexpected but the shareholders
will be pleased to And that It is to be
10 per cent annually.
The National Savings & Trust Com
pany has just planned a great building
Improvement, as reported exclusively in
this column on Sunday morning.
The committees Interested In securing
a location for the various financial
bodies met at the Union Trust Com
pany yesterday 'afternoon. A number
of locations were considered, the com
mittee made progress but dldjiot reach
a decision. Another meeting will be
held In the near future.
"II. D. F." wishes Information on the
earnings of the -National Metropolitan
Bank during the past year.
From September 1. 1911. to September
4, 182, the latest figures at hand, the
National Metropolitan Bank earned
$72,794 Its net funds increased from
&330.91S In 1911 to C402.9M In lSli The
bank earned 1.35 per cent on Its net
funds: 5.09 on capital and surplus and
better than 910 per cent on capital.
These figures do not represent the
actual growth, the steady progress of
the Metropolitan to a sound and suc
cessful foundation. During the last
j ear it has been necessary to write off
some old accounts, this done the bank Is
now clear and free from lncumbus and
ready to bo on under the most careful,
jet af-gresslve management to, future
"H. D F."" also submits this prob
lem: "I would also like to Inquire about
the prospects of the Capital Traction
Company as an improving Investment.
This company Increased Its dividend
rate from 4 to 5 per cent and then to
6 pr cent several -sears ago. Since
then the distribution has not been In
creased. It would seem-as If the vari
ous extensions made in the past few
ears should more than pay the Inter
est on the bonds issued to pay for their
cost and furthermore the passenger re
ceipts on the road as a whole must have
shown a teadj Increase each ear, but
nothing has been reflected in the way
of an Increase In dividends."
The writer Is unacquainted with "II.
D. F." It Is a fret that the Capital
Traction Company has been putting Its
property In the best possible condition,
thst It has been generous In writing off,
to the" Improvement of the property, and
has attended to its financing for jears
to "come. "
Its prospects are good but the chances
for any Increase in the matter of divi
dend distribution in the Immediate fu
ture are not good.
The third question submitted by "II.
D. F." will be answered to-morrow
morning in this column.
There are two- distinct manner of
proxies One. the proxv that repre
sents the confidence of the shareholder
In the officers of the company in which
he is interested, that honors the good
and faithful servant with re-election for
the good work that" he has performed.
The other Is the baneful proxy the
one that serves to perpetuate- In office
certain interests that have little or no
personal Interest In the corporation over
which they preside that serves to Veep
the officers in a group .and the fat
salaries equally closely corraUed.
The baneful proxy is largely the re
sult of habit: of Indifference of inability
"of the shareholder to attend the, annual
meeting and thereby know exactly what
is going on.
There are men who are raid salaries
to conduct certain lines of corporate
activity, who have comparatively little
Interest financially In the properties, fre
quently no Interest whatever, and those
men are perpetuated In office by the
overwhelming proxy votes of large
shareholders who understand thevalue
of the man for the position.
In the early days stockholders voted
,Wi,T $,i? Sfi t". sflft;
' 'I l ' " " ' "' '-..- -- ' ' .'UlU. IMII1IH.I.J L.I-T C."-.? SB. '
- -t ' h .'A... , ', - '- v , : Ur-'T A-? jr: . miLiasKKTM KB W.T
H - ia'k - - - u-h, VBh. K.. (Mat -Mf atf. atkftMM&Mai .mmm i tf-t ( 'v sH iW mm. .
M " "KW V1HB1 Y"V H. B--na-M"H mmMM-mW Bi----HHJKHBaiH' IMi--Bi-m--B---H '.Itr.-A. . sW A .MfV.Mja K w. pw .w .
i . ''irE inv : isvm. bii itvivaiiT mun ivcis'-Jr-?ss ?-",'
immksm mm3Bmm wmm
. . j. . .,-, ..... . ?r - r .. . j ,' .,
wM-lKthKtwed .or' -Mcaa.'mKv u -jm-u.
becem :rti ;thMOcejnchtaetfcr a
power of those, In oBce. l-, -,'Ji
corporations, each BtoCkhoMer na- tM
list rclveaicommunlcatlon tWrnW
company,-' oSatiJalng .the" pollta request
that you wIH,plettMllgn- thattca
proxy. have It property wltneed.lfl
forward the same to j the copiPny of
fice, in thejlttle stamped envelope
conveniently. Inclosed,1 J , t
Stockholders 'have .become o jaccua
tomed tov receiving tlieae proxies, with
the invitation to "pljise sign and -return,"
hat they have fallen Jnto the
practice of staying away from -meeting.
preat corporations, with- tens nou
xanda of shareholder, frequently hold
their annual meetings in the presence
of four or Ave salaried officials '"named
as a proxy committee. -
A real proxy holder 6r a shareholder
In person Is frequently looked upon as
an Interloper and Is. pur off with scant
A mere matter of form to comply with
the by-laws which call, for s meeting at
a stated 'period and .then the reports are
sent out cooked upor made by book
keeping to mean ancient crypt signs In
Egyptian to the average Jnvestor then
some day the awakening comes.
One of the chief abuses or the baneful
proxy Is that it often permits officials
to part with their own holdings, perhaps
give their time to other matter, per
haps look for entitles on the side, and
run the corporation's business, while
actually not shareholders of sufficient
Importance to entitle them to more than
an occasional Inspection of the books.
The statement is made that once upon
a time a local utility of size and Im
portance was operated by a president,
vice-president and board of directors
that did not actually represent more
than one or two per cent of the stock
of the company, as shareholders, leav
ing 9S or 99 per cent of the stock sans
The perpetuating proxy Is sent out a
week or two before the annual meeting.
Perhaps there arc no objectors. Per
haps some interested shareholders may
have it In mind to rally, a following
and upset the past-due slate but when
the time for action comes the great wad
of proxies is shoved across the table to
the tellers and It Is sufficient to give
the quietus to budding ambition seeking
The Inference Is plain. The share
holders In a corporation having their
money Involved ought to attend mtet
lng they owe It to their own perspi
cacity to know what Is going, on and to
nourlfh and protect their property from
the baneful proxies and their perpetu
ating salary grabbers.
A correspondent Inquires as to the
time of the closing of the books for
subscription! ot the Standard Oil Com
pany of California. The National City
Bank of New York will receive sub
scriptions up to and Including October
31, the date of the closing of books for
The quotations on the stock yesterday
were l'alfA Quotations on Standard
Oil of Ohio, 30.a31S.
4ver l.) J ears ago money matters
were forcibly rejected as subjects for
consideration In the temple.
"The only "merger' propositions have
been In misguided newspapers and un
informed clergymen who persist in Ig
noring facts and talking of matters with
which they are unfamiliar by calling
"A few financiers, who meet In banks
and business offices, not In churches ex
cept, perhaps, individually, on Sundays,
with faith In the value of certain prop
erties and having a distinct nnd plain
financial plan for their properties, have
undertaken their financial operations and
with purpose to carry- them through.
That thej decline to discuss the matter
with gentlemen who put Kev. before
their names does not make them rob
bers of the poor."
This conv ersatlon was heard on 'Change
at the close of business yesterday aft
ernoon, and In plain English the speaker
asserted that "merger had never been
considered." That's all.
Local securities were rather slow on
'Change jesterday. This was especially
true of Washington Railway and Electric
stocks. No one seemed to care to buy
and the offerings were limited as to
price at a point where there was nothing
doing. These stocks were nominally a
Washington Gas eased, but there were
buj era at 85 1-2 and one twenty-share
lot brought K3 5-S. this ex-dividend Is
equal to nearly S7.
The' real feature was the sale of six
ten-share lots of National Metropolitan
Bank stock at J510.
There was a general undertone of
weakness evident, not aggressive, but it
was there just the same.
?It waaau dc4di bear, ear ryssterday;
!M-Mst)'t.'ajr DaJoa JrWtc,-wd Sowth
rn: PacMc merger, suit, nisi osf the jcoal
-Aworld-of pront-tatog"nd" bear sell
ing joeveiopea almost imnteoiaieiy wur
the 'opening an;decflne-ranging from
a-'potetftd, four;-points -resulted with
wou) close neBaian auuauon
responsible, Europe sold stocks through
London!" & - rf
Cotton values were jweak but did 'not
Chicago grain values, also moved with
in a narrow- range. ,
Washington securities were aeciaeaiy
Money. Is strong the. world over.
SEW TOM STOCK MARKET.
, OeotsUans fsnbBed tar W- B. HIM a Oa.
iibni at th. Kim Xmt Ms K-xausr. mtt
Otm. with. low. Otm.
A.. T. 8. T na...... 105 1C9S XWi 1MX
Atbntte Coast Une... 1I04S 1IH4 139 WS
Baltiuon A., Ohio com...; HC JOT KM. it4
BrKlnrviapM Tnn.it... 1 11 w4 MK
Canadian rdilc X7 X7 SOS X3H
ChuapnU i Ohio ,.,.... n Kl W M
CM. Ilnst Western eonu, W UVi II II
CM. tot Wtrra ptO., X)li Jl . -3U W
uil. mu. . Ht. v, eom... lliv. lUVi lis", lint
MONDAY'S' DECLINES '
IN WAIL STREET
" Reading .....................
People's Gu ................
Cbctapeako & Ohio .
Ixxiisrlll. -JL NMbTlUe...
Intcrbcro rreferred .........
Oreat Ncrtbcrn..... ....
Krie ...... ...
Cctuolidated Gu. .'....
IUIthson & OMoT.....
Crttun OQ .....
EmdUns .....T ,.....-.
Lelilch Valley. .
Utsett A SljerV Too-o..
Oan cemmpn.. . ......
Utah Copper. ,.......
Son line.M.M ...
AtUntic Coaat. -..
Ncir l'crt Central ..
Rock Iland.. ....... .--....
Kancaa cur a.
NEW YORK COTTON.
too, D, a "
W. B. Blbba i. Co., vaahinston-
f)pen. Hlffh lxnr. Cloae.
, ie.:i u.c iejz n.i
. JO.SC MO iaM
w.ta wes sis
, ia.6r.4i.:i lie
CHICAGO' 6 JUIN.
QnotaHoas rnrnlshc-l T W. R. HlbbaJa Ca.. -sem-
brra of the Chlcsco Boald cf Trade, -Htbbi flui)dln.
VTHtAT- OtanxaSsa. tD.,Cloae.
Decembar ....'..... fsVi-vv, ,cv, rs
vii ..... . sTVi , .am
Dees-sbtr. . .... 53 BV S 8
Max. ........,.. n.K 52V '-(H
PctfsWmr insinnMHit 3Hi sn -W -H4
NEW YORK MONEY. '
Nnr York, Oct. 3.-011 vumct ornnl at ft irr
cent; lilfih, 5; low, t; rroewsUt. 5; clow, S3 Qui
Inc rat, ft per imt. , '
Tinw mooer market opened the -mttk utichftncvtL
biinnesa being qtiirt and rates ntfidy. They are
SUatH rer ct or aixtj rtay, 5htJ for ihxre and
lour mnntbs. 54a!a lor nv and MX xnontlia
Ccanmrmal iaper Is firm aixl qift at )r cent
for tbe bnt naJnc. Lcndoa discount, per cent,
off 1 16; Paris d!count S vt cent, tmebauffed;
DrrUa discounts, ft per jrut, off "a.
MISCELLANEOUS BONDS. '
Nev York, Oct. 2L Closing quotaflo&a of mi.
Atlantic Ccaat Una ... K
Atch. Top. Santa Fe ctt. 4s, 1963 KSi
uaiumore i uni pi. is... ET4
RaKimore & Ohio mid ta. ,
Ralthnora i; Oiia Bonthwestern 3H--.......
CaL. Gaa & Eleclria U M
l-ueurraae &,OUio ecu I. is. K
Chcsapcale & Ohio ctt, !.... U'i
Chinso. Rnrllntua i. Qninrr Joint Is......... XVi
K.MKMSO. lto.-t Inland 1-arWO finL (a. JIH
Chino Oorrer fia...M ..,... pa
rie ctt. la, Serin R. Jfi
funeral uotor af. Gi. ... 9S
CI, R.& Western. DrlvR - JJV,
Infix Ccn. Cop- . recdlta Sd pd... 113
InterhorD-Metropolltaq IVaa .. fl
Lab bherc eenl. JVta ......... . tgVj
Misaotm a-arinc m. ai. .. .. r7i
X. "ictk Central Lake Bhora 3Ka n
New York Railvaji adj. V........ .. Wi
Acnou a. wealem con. in. J7
.NorfoDr VVeMrra crt. U ... 1
-Norfolk Western dlr, ta... . ....a.... K
N. WV 10-2D rear ctt. is full raid Tecelpta.... 1
Padne T. T. la. SMa
Readins irneral 4j...., '..r.... tH
m. ixuia.nn jionntaui soouieni gen. It... 131
St-.U. I. lit. Jfc South, ten. ta, aanid. m
Ht Loola San FnrKi-m ifg. tr JT
Reatoanl Aw tint adj. S. ,.... I,
Pkahoard Air bac fa. ttampnt.... ........... ar
Southern Pacific ett. U-. ........... m,.:. u
nouutni j-aonc nt. .....-....... ... sm
2kntnemRalh-mr 4a... ,,.....-... 7ta
iniro A-Torw nu. h. 1..............:... n
rnlted States Steel at fa ... .... 1014
irnma-uicani uerotcai uc h. .. n
Virginia 4 -SonthirataTi cm. S. -.... K
Waoaah Iefnndintr4a.-i.....jw.....i..... STVa
im w. x. va. etlt, ataaoiJ.. ...... ....... t
Wotern Xkctriq a.-s.M,... ...rW0
Wcatem aUrrtend 4a..t.... ..."......... ...r.;. StH
Ttataf tales. SUS,M. ."'-
Arfc-r reara aso la the United 84aWof .ineric
cotton wad -an ttaed to fln;up-waj'bac;o?
ChL & .N. VV. euro. ...... 111. 111
Dc-J. A Hlo Orande Iran.- n S
Den. Rio Grande Vi.. 3S 3S
Eaie eom. M 3j Sl
Eris bt rd ... a a
Brio 2d rid .-. 41 44 ,
Great Northern rid B U9
Inter -Metro, eon Z1H 21
IMrr.-Metm. rid .r M'4
Kana. Ctgr Southern eras. 3 2
Kara. Oltr Southern rid. C C
Uhlsh Vauer - -... E3H r
LorUarUle k. Naahrllle..... M0 M0
M., B. P. 8. 3. M. own. 111 114
Muaonri Parlnc 44 41
"rational Kra. of Met. 2d. S
X. T. Central Hud. R. 115H 113
X. I Out. Il Weatera... XS 36li
Norfolk ft Western 11T U
Northern Pacific . XS 1S
Pmnailranla 121 121
Reading com .. ITOa VVi
Rork laland cum 27 2TS
Rock lUand rid MS
Ht. U & San. K. 2d 2TI 2
Southera PaciSe nan Ill ' 1HS
honthem Raflwaj cnm.- 29
.Southera lullvar rid (1
Third Arecne .. 41
Union Pacific com......... 172
Union Parifto rid...- S
vatah Kd It
VVcsUm Md. Ur. eom ... K
Amaleamateil Correr ..... SOS
Am. As Chrtn. corn. 33
Am. Bret Sugar com 70-t
Am. Can cvm.. ............ 45
Am. Can rid Sl
Am. Car fc IMrj- com. (1
Am. Oton Oil onm. S
Am. Ire Serrtritlea......... 21
Am. Loromotirc com.... 44
Am. hmelt. & IUf. mn ... (
Ara. Kitcar Rrf cran.....
Am. Tel. Tel
Am. Woolen rid
Crmral Leather com. ...... ,
Central Leather rid
CoL Fuel 3c Iron am 4i
Costotldated Gaa. N. T... 14V
Corn Prorlnrta Ref. com... 21
Crrn Product Ilrf. rid.. . H
DisUllrra SrcnrjUra 39
General Electric 1K
Gnat. Northern Ore. MS'
Internat. Ilarmter rem... 23
Irtemational Paper .......
Jlhunl CorrcrN.... .. .
National Lead oan
Nerada Ovtriol. Copetrr...
PadSc Mall SteanMhlp.,
Peoiaea Gaa of Chicago.,
rrrwd Steel Car com....
Pnllaaan Onmranr .....H. 19
Rwr. bteel Hiring com.... 39
Rwj. Steel SniBga rid.... Wt
Rar Consolidated Correr.. 3
RcputUe 1. A Steel corn... 34
Repnblio L & Steel rid KS
Sl-Shen. KleeL & I. com. M
TraneiM Ccrier 41
V. S. Ihiobrr ran. 53
U. S. Met! co 73S
C 8. Steel rid. . 114
I tah Correr C5
Va.-Car. Chem. com.- 49
Va. Irco Coal Jt Coke. C
Wrutrrn Union TrL
Westing. Hoc L Mfg. ran. H
R. O. General 4a 97
C . B. k Q. Joint U. t
Inter Metro. 4a " H
Northern Pac P. L. la .... 9S
Penna. Coorert. 3a. VXS. X
Union Pacific Coarert 4. Y&4
V. S. Steel 2d 5a 101
WASHINGTON STOCK MARKET.
Capital Traction. 1 it 123. 1 at 123
Washington-Railwar & Electric com.. 2 at 90
VV asliington Gas. 3 at EW
Lanston. W at 92.
National 3Ictmpclitan Bank. 10 at 20, 10 at 30.
10 at 30, 10 at SO. II at.2W. 10 at 30.
Graiuiot-tone i "d . 19 at 90
After can-Washington Gal, 9 at E. 20 at (3S.
25 at fSS. 10 at SiS t
Wailngtun Rallnar A Electric la, 3500 at 34.
Potomac Elertxlc HtSHOit 107.
vlerman-Ajnerican Iuaraneo. 8 at 270.
Georgrtosm Gaa 5s.. 104H 1(7
Washington Gaa 5 KB 110
Capital Traction 122 123
Anacostla "t Potomac 5s 99 .....
Anaoxla ft Potomao Sa, guaranteed....'..... IOC's
Citr Suburban 5a lot ICG
Columbia Ss. .. 100 lOOS
CoIamHa ta...... ,. 100 102
MetroroIiUn St 107 110
Washington Railaar ft Electric 4a S3. II
Wash., Ales. 4b Mt. Vernon U 92 97
Potomac Electric cons, fit 109
Potomac Electric Light 6a. 107 .
rhesapeake tc TUeiiona Sa M 101
American TrL & TeU 4s. 110
I). C Paper Mfg s 100
Norfolk & Waahington Steamboat 5s.... 101
Rlggs Realty !s (leng) 103
Uigga RealtT 5a (short) 1C1
PUBLIC UTILITY STOCKS.
Canital Traction ... ....... 123
Washington Rr. Jb ITIertric cum...?...... 49
Waahington Rr. & Dec pld ........... 91S
W'avliington irginla Railaar coai.H.M.. 45
Waahingtrn Virginia Railway pfl....... 75
Norfolk & Washington Steamboat....... 2TS
Geomctoim Gaa.... ., .....
Eastern Light Jk Fuel ... 122
American TtL 4. Tel 1C2
TYPE JlACllINE STOCKa
MergentDalcr Llnotypa..... 24
Lanston 3!onotne 92
Greene Cananea ... ..... 9
.NATION U. BANKING STOCKS.
AmrTH-an . 170
Canital .J. .-"
Colnmbla .j............. 20
District -.. IK
Karmen & Merchanta r........,......H. 2S9
Lincoln - ....- 10
Metropalltan ... .. Z8i
Ittgga .....T......v... T. 583
Second .'....... K)
National Rank of W ashington 231
TRUST COIIPAXY STOCKS.
American Security aV Tniat. 239
National Saringa 3. Trust.. .-..,.......N-
Cslon Tnm..... .ID
Wastrlrgtsn Loan & Trust .23
United SUtea Trrot..w..i....'... 1U
HA1S!!8 BANK STOCKa
Citiiena -.,. .:....... 20Vi
Home ...... ...M.r .. M, 323
Union ... 213
Rank of Coararrn t Ratlags ........... 124
East 'Washington ....-... ......i-H
friluilaa i.h.mm.h.. ...,.
Satlp-ril CnVm...;., ....
Potomao .aZ;J..: .. ..4..1
. ' TrrUS INSURANCE STOCKS.
Columhu .,ta...,M ..t.-v5j
Real Eatate..- 93
Caarrn 8arka...... ................ MS
a 4ilPw Mfg. Csx-... ..-......(Ij 131
(fnajfit'l 'aiaai cobbum.h..-,i..,..k. 42a,
-4-Mpbora-aoaai pM.T..t......ii,....-t --
XtcrJstatta Ttajarportatloa 8tonsc..,"I
iscaw-Tas..i.-.......... ....... as
Fuel sad Ire &laM avttii4vKv---M
deide ' t9nWt'tl4itx-itwM - Iffs ft
tea comDaaraaata Mrtlflcata
with; the' tf4ar4-fry.io,Btte. IM'leM
aiiasuon jauutongca is. in,,aa,ini voaa-
aianainc ami.iss.i-au. ane; anBHavM.ni--ci-
ina. ot. StOCKHQHIa-4L wut-ras. aa-saa. asr-sasj.
Plttsburc' mills bays adraaerd the
price or mo. as wacar snscts Itvper ion
and that , fory; galvanised " sheet the
Kama amount. raaVini'the new 'price on
the former 2,3&.perte pounds nd stLSO
per 100pounds-'ror the Utter. This Is
an advance In each case of H per ton
l-P the last ten days.
Rio Tlntot fusi broke 1 1-2 pounds in
London. London copper market weak
on, us so.
The Balkan war situation has acain
upset the Liverpool cotton markets, and
as a consequence of 'their greater decline
by the eaulvalent of eight of-our points;
due to have, met our closing slump
of Saturday,' the- market here wilt be
lower again tevday. Would, however
continue to favor purchases on .. such
breaks toward 'the 10 cent basis for
January contracts, for the reasons ex
pressed in this gossip last week.
The public Is baying Steel in odd
lots on all declines. Frenaya Kaufman,
Lauer and Wassermsn heavy sellers of
Kcauinr. Market sbows some resut
ancc around present prices and' should
In the final session on the London
Stock Exchange there was a resumption
of weakness caused by heavy Continental
sales of specialties. These offerings Were
considered mainly the cleaning up of the
wreckage at the Paris settlement. Mon
etary conditions Imparted a hard tone
to consols, but foreigners and mines ex
hibited weakness, American Rsllroud
shares and Canadian Pacific made about
the flabbiest appearance' of any. Rio
Tlntos at TP were Vi below last Satur
day's finaL Paris Bourse closed flat. A
rally was In progress on tbe rterlln
Bourse at the end. ' '
It Is reported that Important railroad
Interests are buying into the Untied
States Steel Corporation stocks.
Tbe leadership of low-priced specialties
Is not liked by the professional element.
which sells on account of such manipula
Steel common "louks Irreststlole. rays
a Morgan Interest, which reports the
corporation already booked for 50 per cent
of Its capacity for 1911
The bull speculator must be prepared
to meet money flurries until December
IS, sas i banking interest.
In some Western houses Steel is ex
pected to discount a Rood quarterly re
port, to be published October Z.
Monej and election uncertainties are
emphasized now more than other fea
tures by responsible houses to account
for the restraint In manipulation.
Well-Informed bujtng Is reported to be
taklnc place on recessions In Rock Island
Large bulng orders are reported un
der the market for Reading on a scale
below the 171 level.
Commission-house liquidation was more
evident to-dny than at an)' time during
the Balkans scare.
II. Content started the afternoon de
cline. They are talking umettlcment in
Content and London sold Steel in the
last ten minutes heavily.
Bearer Consolidated 41
Buffalo , 1 90
Cltr of Cobalt
Great Northern ......
McKlnley Dar Rar ..
Right of Way
Silrer Leaf .
NEW Y0EK PRODUCE.
New York. Oct. 2L-MILLFEED-Weaker: trad
tnacttre Spring bran. 2113: atandanl middlings.
24-35: Western red-dog. 31.85: winter wheat bran.
in 100-pound sacks, to arrlre, 3S; ity bran, in
butt. 22. .. -
RYE Btrad j : trade is alow. Western, to arrire
la rained at about 7Ia72: c L r. track and State,
at about SI-
FLOLR Steady; trade b moderate. Kituas'
rtrafghts. 4J5a45. In aacks: rrting ratents. 4 90a
55, us barrels: new, to arrire, 4.73a5CO; spring
clears, new. 4J0i4 75; new soft straights, to amrr,
4-7a5.00. In barrels.
HUCKWHEAT KLOUR-Dull; the weather is
ton warm; hence quoutloos are chiefly nominal at
12.00 per 100 pounds. ,
RYE PLOUR-ateady: inquiry is moderate
Choice bracda nnoted at XSOal 10 for new. .
CORNMEAL bteady. bat quiet, owing to scar
city. Kiln-dned, ror export. 4 "D; coarse meal. In
HAY Receipt-, SB tons; steady; inactlre bud
net. tTtio(ationa are: "or-rrime timotbr. 1 lSaLS);
N'n. 1. LlOaUi: N'o. 2. LOaltoKNo. 3. ga9S.
HTKAW-Rerripta. 40 torn. Steady and dull.
Long rre quoted at S5a90 rents.
PORK-Steady; small anrply. Jleas. 193al9 7S
IIEEP-Pirm: trade la moderate. Packet,- BOO
20-00: famuy, zL3Ca22.30. .
LARD-Rteady; trade U moderale. Prime West-
rm, 12.50; renned Continent. 12.70; South Amrri-
cin. 1X3; rrrmed Braxllian. In kegs, 14J3, beet
stearlne. 14 centa; lard atearlne, quiet. New York,
COFFEE All or tbe world's coffee markets were
quiet to-day. Sales at Harre were Tmly 13,000
baga -and Hamburg reported a total bnatness for
the day of 30 039 bigs, while the sales at New
York, tm to the mldatternoon scaioii, were about
19 003 bags.
The European markets made a good showing
Bnuil waa lower, acecrdlcg to the public of cm.
rial adrices, but pirate cables stated that there
waa firmness, with nothing cltcral for sale. As
a matter of tact. noimporfant firm offers were
rererred rrom nrsxu.
Tae day's prices were sa follows:
, FOOTBALL PLAYER BLINDED.
.Adams. Mask.;c& a. Arthur Dunn,
aged twenty-one, hai; been, stricken blind
as a result of h-Jiiries, Its a "game of
football. ,TJ-uan, vwho'waa half back on
the Kennewa football team, of ...Adams,
played 'igsiaistf the 'Hlltons of Schenec
tady, N. T-- atjnat city. Saturday. TJur
Ing a .lively acrtmmace both of his
the DeDartment of lustlos dariasr Boo-
velfs" second admlnlgtratlon. ;v-A.,
3- Ferkf sDMlea CTa-fsJrjs.jr 'a
In rlew of these .charges. Mr.'Psrklas
waa sn'anxlous ' If refractor wttaessC
Ha denied ail the charges so veavemently
that at times he deserted thewlt-ae
chair to permit greater freedom ot aetlon.
He lectured the committee most frankly:
declared it was an .Injustice to him that
Senator Penrose had not been called to
prove his statements about PerirJ-t-f
made on the floor of the Senate last Au
gust, or admit his Inability to prove
them; told Senator Pomerene at on
point, that he (Pomerene) was 'pursuing
a certain line of Inquiry In order to
break Into the headlines of the 'news
papers this morning-, and reiterated re
pestedl) the declaration that he has no
hope of reward from the present light:
that he la In It purely as a matter of
Thomas F, Ryan, of1, New Tork and
Virginia, capitalist, tobacco king, and
Democrat, preceded Mr. Perkins. In. ex
plaining Ms gift of 1450,030 to the Parker
fund, Mr. Ryan said he did not do It
because he 'was told that the Demo
cratic organization was In danger of
crumbling to nothing in the middle of
the campaign because of lack of funds.
To that time he had given about J10O,
000, he said. In order to save the Demo
cratic party from going to pieces ut
terly he agreed to shoulder Its debts to
He said he had given to the Harmon
and Underwood campaign funds this
spring because he knew Harmon and
was asked to help Underwood out by
the latter's campaign, manager. Senator
Bankhead of Alabama, an old friend.
He said he would have contributed to
the Wilson "and Clark funds had he been
asked to do so. He gave between ,
000 and 1K3.W0 to the Harmon fund and
thirty-old thousand dollars to the Un
derwood campaign chest.
After listening to Mr. Ryan's testi
mony, Mr. Perkins announced that he
felt like a piker. Mr. Perkins said he
had. contributed to the primary
campaign of CoL Roosevelt. Of tills
amount IIS.OOO had gone for the New
York State campaign; t2.500 to E. H.
Hooker, national treasurer: I32.HI0 to the
headquarters In this city: J18.000 to man
the. polls In Brookl n and New York
City. J13.VO in contributions to various
States, and $17,500 to K. 1.". Slmms. In
Chicago, for work through the West,
Mr. Perkins here registered a protest
against the way hostile newspapers and
factlonnl leaders were adding up figures
made public through testimony before
the committee on Roosevelt contribu
tions. He pointed out that many Items
given by Individuals were included In
the lists presented by Senator Dixon and
Treasurer Hooker, but In figuring out
the totals, hostile newspapers use. such
Items twice. "It's worse than compound
Interest." he exclaimed.
R-s After Itllle..
IVhen It came to the Hllles letter
Mr. Perkins got Into action like a Dutch
windmill. Semtor Clapp asked him If
the International Harvester Company
financed Col Roosevelt's pre-conventlon
campaign, as charged by Mr. Hllles.
Perkins rose from his seat as though It
suddenly had become uncomfortably
"There Is not one word of truth In it."
he waid. brandishing hi clenched fists
aloft. "It Is an absolute falsehood rntnu
factured out of whole cloth and If Mr.
Hllles believes It to be so he owed It to
his part) and to the country to bave men
put on the books 'of the International
Harvester Companr to prove It.
"For some reason I hive been pil
loried about the country as a man who
by some means or other gets In by the
back door and takes money from the
Harvester till for Col. Roosevelt's canfr
nalgn. whereas It has been shown that
Cyrus II. McCormlck, president, and
Harry McCdrmlck, treasurer, of the
company, are supporting other candi
dates. 1 know the International Har
vester Company has made no contri
butions to any fund, and I believe the
men who made these charges should be
brought before this committee and made
to prove them or shut up.
"I believed I had certain rights as a
citizen under the Constitution. I always
have acted upon that basis." Mr. Per
kins here went Into a rather eccentric
exposition of his rights.
"I have taken it that one of those
rights was to make such contributions
to church, charity, or other works as I
desired. I have never permitted myself
to bo Influenced in such matters by my
business associations or demands. In
determining whaf'l should, do In politi
cal or church matters, I would no more
think of consulting them (the Morgan
interests) than any one ele In the
Tired of Lectareai.
Possibly with unpleasant recollections
of previous experiences with Bull Moose
witnesses. Senator OHverhere Informed
Perkins that the committee was tired
of being lectured and would map out
Its course wlthbut Mr. Perkins assist
ance, an expression from which Chair
man Clapp dissented promptly, though
remarking that he could not see where
the committee had Hid "itself open to
Mr. Perkins criticism.
The real Jlreworks, however, came In
the afternoon, while Senator Pomerene
was cross-examining the witness. Sen
ator Pomerene wanted to know if Per
kins could offer any memoranda to show
what amounts he had sent to various
States. Mr. Perkins, after a good deal
ot thrashing around, decided that he
couldn't. Then he burst forth at Pom
"Why didn't sou ask Mr. Ran,
member of your own party, when he
was before this committee this morn
ing, for a memorandum explaining the
jtJi.m-i ne spent in irar
"I am not here to be lectured," re
plied Senator Pomerene stiffly. J
"I know you are not," returned Per
kins hotly, pointing with his linger to
emphasize his retort- "I know what
ou are here for Just as well as jou
know what I am here for. That is the
most unfair question that has been asked
me to-day, and there have been many."
Telia of Trout Salt.
Questioned as to his part in the calling
oft ot the Harvester Trust suit, Mr. Per
kins said he had heard that the Depart
ment of Justice was about to ente'r a
dissolution suit at a time when bis com
pany was being Investigated by the Bureau-
of Corporations of the Department'
of Commerce and Labor. He held that
It would be unfair to have both actions
going on at the same time, particularly
as his "company was offering the Bureau
ot Corporations every possible assistance,
nnd he had come down to Washington
and told President Roosevelt so. Roose
velt, he tuld. gave ""him the Impression
that no definite step's had been taken
In the proposed suit for dissolution, and
had (promised to -look into the matter.
Intimating that if the facts were as
Perkins -had staled them, he (Roossvelt)
would adopt .the same viewpoint. Asked
as to his- meaning when he told Com
missioner, of Corporations Herbert Knox
auiiLU . uutt Luc nuiwiii uikc-acat. ,,uuu . m
"fleht" nri muiM withdraw their- ailD. I. OatS are
f isasTs r aM -'ssas'ai "S-grt. j-JSt,
y-Jra'i!? " 5MrT7rt '"'-JV i,' iww,ijw.wwr
SfV irortMratfd 't&'gtnbf tlteG-nCTcial Natfooai Buk-alontv
5s ' :!S - t a
THE COMWIERClAi: HATIOff AL.BAIIK,
' 14th and G 9tri M. W. ,-".-';
test such action. He said the remark
was only such a one- as any man with
red blood in his veins would have made
under the Circumstances- He had never
been notified, he said, of any formal
calling off" of the Department oi
f Per-asereaw aad Perklaav Casuals.
Senator Pomerene and Perkins again
struck fire while the former was ques
tioning the witness on the contribution
made by the New York Life Insurance
Company to tbe 1901 campaign. Perkins
lr slated that the contribution was made
purely with a view to electing a candi
date whose party platform called for the
retention of the gold standard, as op
posed tc a candidate whose party plat
form called for the double standard. He
Insisted that It was not a political con
tribution, but one made solely In the
Irterests of the policy holders of the
company. Pomerene asked , him it it
wasn't true that the New York Court of
Appeals hsd decided that the action was
not criminal but that a civil action would
lie against IL ,
"Now you are misrepresenting me on
urpose. exploded Mr. Perkins. "You
are. doing It to get the headlines in to
morrow mornings papers."
Members of the committee immediately
protes'ed against this language. Chair
man Clapp sided with Perkins, but on
the question whether the question and
(.nawer should go In the record. Sen
ators Oliver. Paynter and Pomerene out
voted Clapp. -
Later Senator Pomerene read from
the New York reports the decision In
question, which stated that the action
waa "beyond the purposes of the cor
poration and wholly unjustifiable and Il
Were Pi-omlaed IT,M.
John S Nugent and Robert Halght. of
Philadelphia, showed that as early a
February Z they were promised JT",'iJ
by William Ward, ot New York, who
represented CoL Roosevelt to start or
ganization work for the colonel In Phila
delphia. Nugent testified that he was
asked by the colonel to call on him at
the offices of the Outlook In New- York
and that they discussed the possibilities
in Pennsylvania. When Nucent referred
to the financial necessities. Roosevelt, li
M)s. told him to talk that t nd over with
Mr. Ward, then national committeeman
from New- York.
Subsequently WartTtelegraphed Nusen
to meet him In New York. Nujien
brought with him Mr. HaighL and the.,
discussed the question of flnancln-r th
Philadelphia campaign. Ilaight r-ald i
would cost atiout JlT.ono for the work. ant
Ward told him to come luck the follow
ing Friday, which was Ftbrparv J. an
get the money. When they returned"
however, they were told that William
Fllnn. of Pittsburg, who had come over
at Ward's sutcextlon with K. A. Van
Valkenberg. editor of the Philadelphia
North American, had agreed to finance
the Pennlvanla camp-il-in. The money
therefore. was not forthcoming
As a reult of these conferences thej
learned that Senator Penroe had lieen
given an opportunity several months be
fore to Join the Roosevelt movement, had
asked for ten dajs to consider, and at
the end of that time had replied that he
would stand by Taft .and the organiza
tion. "Now we must go after Penrose,"
is the statement Nugent attributes to
Ward and other Roosevelt leaders In the
SEAL ESTATE TRANSFERS.
K Rtreet e-ntbeast. between ronrth a-d Filth
8tre-ta Martin O. and Amanda It Copeland
, to Arthur and Lucy N. Ccpeland. cat half
of lot 1. square P21. JMO.
E Street SoutVat between Fourth and fifth
Htreets-Amanda It and Martin C foreland
to llgar I' Ofe-land. west half lot L aiuare
Cntlliun Castle Helght-V ashington Land and
Mortgage l'nmiany to R. It Fonda, lota 5 and
OS. square 359. H-WO
Flm street Nortnea't. between Sinn, and screnth
Ntree Herman It and Caroline !fowroern
to Henry fcid Hatmah .. M. Hoffman. lot
27. square 857. S10
Briehtwnod 1'ark Rdward McAleer and Jlargaret
EL Jlcllctr to Hryaood H. 31lller. lot 4". block
The Ik-dow s Mite Howard 51. and Clara K. Kti-h
inrort to nates Warren ant Leo Surunti.
rwrt. of Iota " and 39. Jl".
Columbia It-ight--lrry It and Mary 11 JiI-on
to 1 Writer Jacobs lot 72. block 25 1.0
Columbia 11-igUta-J. VVniey Jaciba to Mary II
-nibon. let 72. block 35. 110.
Columbia Heist ta Richard E. fairo and nrthrrt
A. iilll lo joon s, naroron. rwrt lot ., imock
Whtn you n-ttd it you ne-ad It ,
We hare THE AuIcmjuUIdc Plant anil
ti -your -work quickly, B?atlr. and
vtltk tbe mlalmiun amonat of profanity
WasMigtM Alto SipplyCt).,
1227 Hm York AfeRyeN.W.
W7 ao-ald AataBblle airnrn t tor
aea.tel with tiro traaUva wbro tao
earn bo a-ealtlnly a war nUk or
-Ifee World's Best KBer
for Aatoaobrk Tires.
SOS SouTwtan Bu.ioma
rtlllac Plant. 2S6-3S Fonrteentta
Strews . -tv.
We Clr. rotes n.Tba Heratd'a 3 aw Ccntest.
The Safest Investments
An rhoa that is set Sun la sMs. Cfav
Imbed eondttions at th. gangs at stack saaav
kcta, rim deed cf trust notes (Stat Saoft.
site), well aecured on real eatsts Is Ik Dis
trict of Cotassbla. eonefltuf -ITt aiaaj- s
. sestaacnta, Tbey do sot oepead wpoa taw
scandal rerronstbCity of IndiTtitaab) ar saw
tsi-abona tot their atabUUy. sad tss axaasss
troas taxatlos as rcrsooal -xoparty. ana
st"r aorh Inmtmertj la aunrmrs traas sjs
spwsrd. aesd foe booklet. -CwoaTaaas Vssa
Swartzell, Rheem Cf
7S7 SCtss Strewt Vogkwas.
la Aatomoblfea aad Motorryelea.
Oue Ford Kc-ulsttr, two mud four iaea
CattfTlae Track, -iogl ejUn4cr.
Cifllllac. flw ra-fErT sirel rjllnflfr.
Ktearn Bl Tniek. with lop. oU4 tirea.
Irtllan Uoterercte Van. 1911 model. Hat
joit been orei-fes-alcd od ecamritd. good
Utt&inz Stacd-trd MofoctTtrie; alocla
ejlinder; X3U mcdH; cbrsa drif and mif
Annae MctMrrrle: Th. m twfa bdL
New Era Slotcirjcir. wtih aidt r.
Thor ttztfe cjllnder; Juat been eaantlM
ard cf erbinltd,
Bfitfr ecme ard are tta. W bar auat'
anilhinz at an? eld prior. .
MONGER SPECIALTY CO.
14th and W Sts. N. W.
Ffcnae V. I4D1.
J. L. MUXGKIX Jk SOiS.
Wa Cire Totes In The Uerad a 13.000 Contest.
Expert EEeclric Vehicle Repairing 1
btorase naileries repaired ana re
newed. Ignition and LlghtlnR- Batter
ies Chareed and Built to Order.
SOITHWORTH KEISER CO.
Phone M. I23S. Rear 1J20 t. St. J. Tv.
VVa Girt Votes in The Ilerald a ts 0DS tTootawt.
We Glre Votes In Tbe Ilerald s COCO Ccntest.
Bring Your Tires Here
all Kinds of Vulcanizing; ana
3019 M Street ft. VV.
We Git Votes in The Uerald s t25 00 Contest
GEO. W. BEALL
Via ClaaJTotaa In Th Herald's tS,00 Contest.
Gaaraateed ssralnwt defeeta fair
S,0OO mile.. Absolutely liand
asade. Call and area tbeaa.
We Glre Vote In The nerald s 125 00t Corrbrst-
Will Buy a 2egu!:r S48.BD
With Coaster 3rska.
Tbls Week Only.
42S-31 10th SI. It. W:
We Glre Votes in The Uerald a COTO Ccnteat.
.. Motor Car
"(Fotroerly the .Auto Eichang
Beg; to announce that on or about S
JCIODer :o iney win move to a
their new quarters 21
1317 New York Ave. 1
P. M. COP.R,
israt for Flaadera ana Inlc rtntor
rrrlrw aad Care's Sneelal Bicycle.
rtotoreyeU Owerhaullnir and Delt B4M
f alrtae. Aeccaaorlea and Sundries.
Bicycle Repalrta-r. Brazing-, aad OtwT-kaalla-c
Sawpllew aad Aeeesawrlea.
IS Sth St. k. aV- "-r-bassa Mala SIMS.
WARREN MOTOR SALES CO.
Has Removed ta
1610 14th Street N. W.
, Fhoae Xortb S097.
"BUY A WARREN AND
BE A WINKER"
We stlTe Ilerald S3M00
ONE WEEK 0NL1
Introductory Offer Only
16at Covcrlntrs. Slorra Aprons. Dust
Covers. Side Curtains. Send rosiai
Katit&al Aitii Ttp C.wpaiy,
3pp. District BldsT.
We Cite Votea la The Herald's t5.0 OJCteat.
AITOMOBILES FOI HUE
Five and seven passenger cars.
BROWN BLAIR GARAGE
1319 U St. N.W.
Phone X. 1IT0.
We Clt "-otea la Tha Herald s JROes CjUsSV.
occasions, autolsta feel, eonndenc-e In the OldsreoblU gl
perfect. lt Is clear" speed and safety Is the chief Ida JH
port from the Roosevelt publicity ." pol- n-'ependable and eastr. All confess lis perfect mechanism commands succas
lnl.a l m .JI,uilHftAn a, lit wa, .MCmI T? 1
pleadld examples patrons view at tots
Idea If a dissolution' suit was entered
against the. Harvester company. Perkins. I
ejcp-euiea mat he natr meant tjae-r wouia i-
Cetaateetleat Atcsms, I
wwavioxoww sa-Bjsasss: aass--a B.aava-Bt-iaiakr2sftt-araawaB..i.' ;ss fsv. t-snotuoers, were, waocguo.- ana arter neiexoiatBeti tnat ne natr meant Hwsar vrouiai- cr r aaai ar-aaaa a ssav iai roaaMiirai Atrsa
gi,a asar..... . ..ii lji ta -tcM vpm a wss.' - &3s& A5,af& Awm tillm..w..M?...lrttuafAlHrJI sw4Wely-lot hU alghUiase evtTYle-aJ.weapoa.avallat)l.to con-l &, m IsrwijIsWIii pkeeae s..rnr
&, - $i ximmmmmtMmmm ...i -jiSlT a- :, $;i ..
JSSrenry---r-aBtiAfcg&.ag' rilTnlilMiawyBSiMMM ,-?taia-wsA-v-,6 .r-s-gg-figiifffi