The Birmingham age-herald. [volume], December 28, 1914, Page 3, Image 3

About The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950

Image provided by: University of Alabama Libraries, Tuscaloosa, AL

                
.CONSOLIDATION OF
BIG LINES WES
GREATEST SYSTEM
—--7—
N.Y.Central and Lake Shore
Have Perfected Legal
Consolidation
, STORY OF BUILDING
THESE TWO LINES
Michigan Southern Especially Repre
sents Some of the Great Work
y of John M. Forbes of
Boston
By HOLLAND
New York. December 27.—(Speciel.>—Of
Immediate interest both to the world of
finance and also to that of transportation
and industries is the announcement that
tn law the consolidation of the New York
Central and the I>ake Shore systems Is
now a£ thoroughly perfected as the com
munity of interest between these two
systems has been for many years estab
lished. The new corporation represents
capital and bond issues aggregating $770.
000,000. and the estimate of the actuaries
and auditors is that the property will
easily earn enough to meet the interest
# and dividend demands and then yield a
surplus. The consolidation makes this
system probably the largest, certainly ap
proximately the largest, in the United
States.
No mere sentimental purpose was at the
bottom of the plan for consolidating these
two systems, each of which supplements
the other. There w'ere some years ago
discovered to be some economic reasons,
somewhat technical, but fully understood
by competent railroad men. for the mer
ger of the two systems. In relation to
each other heretofore they have been di
rected as separate units. Now there is
a single unit, with all the advantages and
economies which that makes possible.
Nearly two years have passed since some
of the ablest minds in the financial dis
trict began the study of the best methods
of financing this consolidation and pre
* aumably of the others w hich will inevit
ably succeed, it and which will make the
Vanderbilt lines, with the single excep
tion of the Michigan Central, one unified
property instead of many, although un- •
der practically common ownership, as
has been the case in the past.
This problem was an extremely dif
ficult one, and It was complicated by the
fact that railroad credit had been de
pressed and, further, that there were to
be satisfactory arrangements with the
bubllc service commissions of the various
states through-which these railroad prop
erties passed. That the Now Y”ork Cen
tral gives five shares of this stock for
one share of the Lake Shore, the shares
representing $600 each, is believed to be
not an extravagant or excessive payment
^ Jn view' of the fact that the earnings of
the l*ake Shore justify §uqh a price and
Ufid6ubthdiy vrlll be increased after the
economies which consolidation makes pos
sible are completed. Hereafter there will
be no Lake Shore stock.
It will vanish from the market lists, and
there will be many who will recollect the
time when it held a commanding posi
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you can ship in
| from other sec
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Into your pockets.
Write us for par
ticulars about
f the blar money
making little
if mill wonder,
the
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Specialists
•rvous* Blood, Shin, Rectal, Gnlta
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We treat scientifically chronic ntdv*
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Our Medical Institute was eetabltshed
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We make no charge for consultation
ad jlMt A
THE FINANCIAL SITUATION |
New York, December 27.—Christmas !
week will go down in Wall street his
tory as the dullest in almost a decade.
The margin over established prices of
stocks was much impaired by light
dealings. Before the end of the week
bids were frequently lacking for some
of the more active issues at the prices
permitted by the stock exchange au
thorities. General considerations of
earning power and valuation seemed
to be .the active factors. *'L»arge de
crease in trafffc and material reduc
tion in revenue,** was the explanation
offered by the Pennsylvania company
for its drastic dividend cut. Concern
was expressed respecting future dis
bursements by other high class rail
roads.
Pressure of money did not figure in
the decline in prices. Interest rates are
accumulating to a degree almost un
steadily receding, bank reserves are
paralleled and federal reserve redis
counts are diminishing. Foreign ex
change fell with some violence to welt
below par. while returns from principal
customs districts show that expansion
of the favorable trade balance pro
gresses.
Hates for war insurance aroused some
fe^rs of involvement of additional pow
ers. Fresh market burdens may be In
curred the reopening of the London
btock exchange on January 4. although
the rules which are to accompany that
event make for cautious and circum
scribed operations.
The public attitude toward the rate
increase afford encouragement and
movements to secure passenger rate
advances from various state authori
ties were revived.
The federal court's decision against
the government's Lehigh Valley anti
trust suit partially offset the effect
of the Pennsylvania state commission's
reduction of Philadelphia rates on an
thracite. Equipment shares derived sonic
direct benefit from the rate increase
with a better general outlook for that
industry. Much gratification was feit
with the United States Steel corpora
tion's decision against a general re
duction in the wage schedule. A cut in
I price of copper redounded to the Im
mediate disadvantage of all the metal
shares. Central Leather's increased divi
dend illustrated the variation in dif
ferent industries. According to tvad *
authorities, seasonable weather over .•
large section of the country imparted
a more favorable tone to general busi
ness.
>•••■•••••••••••••••••••••*••••••••••••••••••■•••••••»
tion. It was the center of violent attack
in the summer of 1877. when the lailroad
riots at Pittsburg and Chicago were caus
ing panic to appear. Tt was the stock
which James R. Keene defended for two
business days In the stock exchange in
July, 1877, and was assisted in that de
; fense by a great sum of money sent by
telegraph to him from California. Mr.
Keene stood alone, like Horatius at the
bridge, and when the business day was
ended knew that he had triumphed and
saved the market, and his friends knew
the next day and for two or three weeks
after that this desperate struggle almost
cost Mr. Keene his life.
Another point of View
There are other historic associations
with the Lake Shore railroad which none
but the few survivors of the earlier day
of railroad construction and expansion
now recall, it was the Lake Shore and
the Michigan Central railroad manage
ment many years ago which conceived the
idea, of pooling earnings, an expedient
which was the last desperate remedy for
saving the two railroad systems from
bankruptcy. This perilous condition was
due to excessive competition. The pooling
expedient saved the day for both the. Lake
Shore and its great competitor, the Mich
igan Central, it furnished an example
which other railroads afterward necessar
ily adopted, for there was no law against
it until Congress in its wisdom some years
ago prohibited pooling.
Just before the discovery of gold in
California, John M. Forbes of Boston,
who had gained a fortune in the China
trade, and who wan then in the prime of
life, w’as persuaded to buy a majority
of the stock of the Michigan Central Rail
road company at almost a nominal price.
This railroad. W’hlch was fostered by
the Btate of Michigan, was to be built
from Detroit westerly to a harbor upon
the east coast of Lake Michigan. Various
troubles beset it.
Some of them were political, some finan
cial, and it war at last brought up sharp
in swamp lands a little over half way in
the state of Michigan. Although Mr.
Forbes knewr nothing of railroad manage
ment or construction—for at that time the
United Btates was just feeling its way
toward a solution of the transportation
problems—he nevertheless decided to com
plete the Michigan Central. Mr. Forbes
was a business statesman of remarkable
capacity, a capacity which was afterward
re cognised by the administration of Pres
ident tincoln when there was need of
financial assistance for the federal treas
ury in civil war days. He was persuaded
that the harbor on the east coast of
lake Michigan was not the best terminal
that could be secured for the Michigan
Central. He perceived, although some
what faintly, what the future of the then !
small city of Chicago was to be. ForJ
that reason he decided to build the Michi-;
gan Central across northern Indiana and
the lake shore front of Illinois into Chi-;
! cage This construction was not perfected
until after Mr. Forbes had overcome
many difficulties, some of them political,
but the impetus wrhich the completion of
the road gave to agricultural develop
ment in the west was instantaneous. It
showed Mr. Forbes that it was essential
that a railroad should be constructed from
Chicago westerly to the fertile prairie
lai.de beyond the Mississippi, and with
Missouri as a terminal. He therefore set
about railroad promotion which afterward
was so highly developed that it became
one of the chief transportation agencies
of the United States and gained recogni
tion and high credit here and abioad as
the Burlington system.
A Great Competitor
It was with Boston capital chiefly thatj
111 Forbes did this. New York capital
was not slow to perceive how valuable the
pioperty of the Michigan Central was to
be Therefore New York capital under
took to build a rival road which was to
sit etch from Buffalo to Chicago, run
ning tTithin sight of Bake Krie for the
greater part of the distance. This con
sti notion stimulated the first great rail
road war in the United States. The New
York capital so constructed itB roadthat
it had physical connection with a
at Buffalo which in its turn connected
with another In central New York, and
that with another in eastern New York
whose terminal was at Albany. These
afterward became by merger the New
York Central. The competition between
tile Michigan Central and the Bake Shore
seemed at one time likely to bankrupt both
sj stems. The building of the roads as
well as the completion of the Illinois Cen
tral and the first reaching out toward
what was to be the great metropolis of
the northwest. Minneapolis, had fumiRhed
an unexpectedly large amount of trans
portion eadh way. Railroad struggles of
later days did not compare in intensity
and in desperate attacks with the meas
ures adopted by the managers of these
two lines. At last, realising the common
danger, the pooling system was adopted
upon the recommendation of Mr. Forbes.
From that time on the systems grew
rapidly.
No one dreamed in those early days
that the time was not distant when there
would be a common ownership, for Com
modore Vanderbilt at that time was still
occupied with his steamship and steam
boat interests. After he had consolidated
various lines with the New York Central,
he took over the Michigan Central and
also a line projected by the late Jacob
D. Cox, who had been governor of Ohio
and Secretary of the Interior In President
Orant’s cabinet, which was to give De
troit railroad communication with Buf
falo. These two systems became tbs
Michigan Central and Canada Southern.
The commodore also became a heavy own
er of Bake Shore and his holdings were
Increased by his son, William H. Vander
bilt, and afterward so greatly Increased
by William K. Vanderbilt that be be
came the majority holder of Bake Shore
stock. His holdings and those of hi!
friends were subsequently sold to the
New York Central, the payment belnf
mode In collateral trust bonds of the Cen
tral. bearing 3H per cent Interest, twe
bonds helna given for one share of the
' Bake Shore stock, making it a 7 per ceni
investment.
Kirkland la Shot
Dothan, December 27.—(Special. 1
While Christmas day passed quietly Ir
: the city of Dothan, there were severa
shooting affrays In different parts oi
the county, at least one o( which proved
fatal. John B. Kirkland, a farmer.,llv
I ing about two miles north of Ashford
1 was shot and almost Instantly killed, 1:
It alleged, by his neighbor, Jesse Eth.
, ridge. The difficulty occurred In Eth
ridge’s yard. Details of the tragedj
have not been learned.
Went Through the Balkan
War As a Nurse
I
——
WAR OFFICES TRICK
Men Who Joined Home Defense
Corps Find Themselves Liable For
Foreign Duty—Glad Football
Ls to Continue
i
Hj .IHIKf M'DONM.I)
Bon don, December 5.—(Special.)
When, at the end of the war. Mrs. St.
(’lair Stobart, “the modern Florence
Nightengale." as she bus been called,
sits down to write her experiences
therein, the thing that is likely to
trouble most will be. not a lack, but
a surfeit of material.
It was Mrs. Stobart, of course, who,
during the Balkan war, gave so striking
a demonstration of her conviction that
women can do all kinds of military
hospital work independently of men.
She and her unit made a seven day's
trek through the mud from Sofia to
Kirk Klllisae and there established a
hospital staffed by women only that
did truly a remarkable work; and
already, during the present war, ahe
nas had adventures enough to fill a
volume. Concerning them, however,
columns have been written already.
After her exciting experiences during
the siege of Antwerp. Mrs. Stobart
went to France, (at the invitation of1
the French Red Cross,) to establish n
base hospital there, and promptly had
the beautiful Chateau Tourlavillo, near
Cherbourg, {Maced at. bar disposal by
its owner. Ijady Guernsey, Whose gal-;
lant husband, a member of the Irish
Guards, recently was killed in action
This chateau, which is hundreds of
years old. and stands in truly beautiful
grounds, is now full of wounded—both
English and French— who are con
veyed there from Dunkirk by ambu
lance ship. At the present writing,
morever, Mrs. Stobart has Just been
asked by the Belgian authorities to
establish a hospital for Belgian sol
diers. "and that," she whites, “will
give me even furthur experiences, for
it will mean another locale, probably
near the front again." Meanwhile her
previous volume, "War and Women,"
is being widely read and quoted from.
War Office’s Clever Trick
There seems to be no doubt in any
one's mind that the war office is
largely responsible for the danger that
at some time in the future, there may
be a shortage of recruits. As I pointed
out last week there is no real shortage
at the present moment because the
authorities have more men on their
hands than they can properly train
j and equip. But there is bound to
come a time in the next few months
when the present rate of recruiting
must be accelerated or some form of
conscription resorted to.
Quite aside from any faulty or mis
taken methods of recruiting the war
office has not quite "played the game.’'
The treatement of soldier’s wives, lack
of provisions for soldiers while fight
ing and after the war, ridiculously in
adequate provisions for the housing of
troops while in training are all prob
ably well known to your readers. The
latest is, perhaps, to young men a
more serious affair and it comes pretty
near to the outer edge.
There are many men in this country
who, although they do not lack pa
triotism and pluck, are nevertheless
unable to volunteer for foreign service.
Many of them have whole families de
pendent upon them, others, wives or
children or other relations. Yet not
to be outdone by their comrades who
are now preparing to go abroad they
Joined what is known as the Home De
fense Corps, engaging themselves to
train a few hours every day and, *«n
case of invasion, to sacrifice their all
and join in the defense of their coun
try.
For a long time the war office refused
to recognize this organization, but it hat
now granted a grudging recognition and
at the same time carried through what
it no doubt considers a clever piece ol
business. Among the other conditions
imposed upon the members of the corps if
one which declares that in case It deslrei
the war office has the power to inspecl
the force at any time and select from 11
all men of military age yfor service
abroad. Thus the men who committee
themselves for homo defense only an
trapped and. despite their family obliga
tions, may be marched off it any moment
Sir Arthur Conan Doyle, who is promi
nent in the organization of this home de
fense corps, is now’ trying to get the wai
office to throw’ overboard this condltior
New Year
Cards
i
; Engraved on New Embossed
Designs
*
Order Today
Roberts & Son
ROBT. W. EWING, Prer
I
Society Stationers and
Engravers
1812 ^MAve.
i
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I tv:
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If for no other reason because It has
stopped recruiting among the young niei:
who may be affected.
Foot ha 11 and Recruiting;
Whatever the authorities may believe
the decision of the football association
to go on with Its programme of profea-1
slonal football Is a popular one wit.li the
youth of this country, both in and out
of the army. The fascination of this game
for the English, especially those of the
lower middle class, can be compared with
nothing In the United States. The base
ball craze Isn’t a patch on It. 1 have been
125.000 spectators at a big match at the
Crystal Palace and thousands of others
turned away because there was no more
room in the grounds. Gates of 60,000 or
70.000 are not at all unusual.
Many of the men at the front and many
of those In training are more interested
In the results of the various matches
played ia England every Saturday than
they are in the progress of the war. The
first thing a wounded soldier In a London
hospital asks for on a Sunday morning is
a paper containing the football results of
the previous day's play*. Tens of thou
sands of the troops in training are to he
found among the spectators of the big
matches and the abandonment of the
programme would be a serious deprivation
In a country where there Is all too little
diversion.
Just what anyone hopes to gain by the
closing of the football grounds no one
seems to know. Of course, It grates on
the nerves of many people when they see
men playing football while thousands of
men are losing their lives In a life and
death struggle In the north of France.
But the closing of the football grounds
is not going to force anyone Into the army
except a few of the players and attend
ants. And to force men into the army by
deliberately throwing them out of em
ployment is at total variance with the
spirit of volunteer service by which the
government swears. None of the specta
tors is going to join simply because he
can no longer go to a football match on
Saturday afternoon and the attempts
made by speechmaking at various grounds
to arouse the spectators to a sens© of
their country's danger demonstrate pretty
thoroughly that these young men have
made up their minds not to enlist.
Rumor Factory Busy
The rumor factory has been busy this
week. One of the most startling of its
products is that a Zeppelin has been shot
down in Essex, near Shoeburyness, and is
being guarded by a number of British
troops. A number of persons ire ready to
swear that they have seen it. What they
may have seen is one of the British naval
airships which are now stationed near
Shoeburyness. Another rumor which has
been tacked on to the mishap ,to the
Audacious, which was damaged by a mine
more than a month ago. is that the King
Edward XII, a super dreadnought, has
also been damaged and is in dock at
Portsmouth. It may or may not be true.
| If it is the censorship will let us know
bn its own good time. It has not let
us know yet about the Audacioue. al
though the news has spread all over
the country by w'ord of mouth. The ship
.Is now at Birkenhead refitting, and is
nearly ready for sea again'.
Japs In Europe
I am informed on excellent authority—
not a mere rumor this time—that a Japan
ese army Is on Its way over the trans
Siberian railway to help ♦he Russians
and that a large number of Japanest
guns are coming by sea to reinforce th(
French. It Is supposed that the Japs
will be used to fight the Turks In Asia
Minor, as it was stated at the beginning
of the war that the Japs would no
fight In Europe. 'There was no agree
ment to this effect, however, and then
is nothing to prevent the Mikado s sol
dlers from helping their allies in anj
of tire fields of battle.
Lighthearted Volunteers
There are a lot of good stories goinj
round about some of the newly forme<
volunteer corps which are being organ
ized solely for home defense. Of cours*
the great majority of them are compose*
of men who want to do serious service
but there are some that seem to be in
tended merely to allow a few’ people t*
pose in military uniform. Jn one o
these a man whom I know was madi
a sergeant. had no military trainini
at all, and he was asked why he ha*
been promoted so quickly. “Oh, the;
made me a sergeant because 1 own i
motor car/’ replied In all innocence. “Yes
and if you had owned a steam yacht
suppose you would have been a bloom
lng field marshal by this time.’’ was th
comment.
The courage of the French colore<
troops has been beyond all question, bu
they have been shaky and uncertain a
t mes especially under shell fire. Th
I Turcos. 1 am told, have been Bimpi
| wiped out and the Senegalese are sti1
! fighting bravely and losing heavily.
| An officer who returned frbm the fron
1 a couple of days ago tell* the that OCn
•ral French has put on about do pound
SOME HELPING HAND
HINTS FOR THE HOME
Ry MARION flARI.AND
Spots on Furniture
"I have many Journals and magazines
whlfih 1 should like .someone to have
To remove white spots from highly pol
ished fprnlture rub quickly with a cloth
saturated with camphor, at once apply
ing furniture polish, olive oil, or any
kind of oil to prevent the alcohol from
destroying the varnished surface.
“MBS. J. C.’
Hearty thanks for the maguzlncs. We
so often receive requests for moans of
removing white spots from furniture that
your recipe Is very acceptable. May 1
add that the same effect may be pro
duced by rubbing well Into the spots cam-,
phorated oil such as is used to relieve
sore throats. Plain sweet oil may follow
the application should a blur remain. I
am sorry we cannot advertise for the
publication you mention in another part
of your letter. ^
Gluten Bread Recipe
"In answer to Mrs. A. L#. requesting a
recipe for gluten bread, this is for one
loaf: One egg (beaten), one compressed
yeast cake (dissolved in a cup of warm
water), half teaspoon of salt. Stir in
eucugh gluten flour to mane a stiff
dough. Bet it rise in tins to double the
quantity. Bake in a quick oven. For
gluten gems take one egg (beaten), one
cup of sweet milk, two cups of gluten
flour with tw'o teaspoons of baking pow
der and a little salt sifted in, melted
butter the Bize of an* egg. To make glut
en pancakes use one egg (beaten), one
cup of thick sour milk, one cup of gluten
flour with half teaspoon each of soda and
baking powder, a little salt sifted in; add
a little melted butter. We were able to
prolong our dear mother s life by strict
adherence to the gluten diet and the reci
pes we used have been copied by the
writer many limes and used by people
who were not only relieved but apparently
entirely freed from their trouble. The
main point is stick to il. I give you my
own recipes which I used successfully
for nine years. We made our own gluten
fresh as needed, but excellent brands are
on sale in grocery stores.
‘ MRS. D. B. JI.”
Again a response to an urgent and re
iterated call for information helpful to
the housemother. T have granted a gen
erous space to the letter and recipes from
a sense of duty and a sincere desire to
rr.inister^to a class of invalids that is un
hupplly upon the increase. Here, too.
the pressure of the troublous “times"
tells. Diabetes and cognate maladies ale
directly affected by the nervous strain
inseparable from a perturbed mind.
Selections for Recitation
T write to ask for dramatic, selec
tions which will ho suitable for recita
tlon. Any such recitations as ‘The Brida
Wine Cup’ or ’The Child’s Dream of a
.Star’ will be most gratefully accepted, at
they are the kind that 1 need. Almost an>
kind of plaintive dramatic recitations wil
be appreciated. K. E."
Referred. “The Child's Dream of t
Star" Is. if 1 am not mistaken, to b«
found in any complete collection of Dick
| in weight and is the happiest and most
comfortable man In the army. It Is os
* sential that the commander in chlei
should be in the best possible physica
condition and his ntaff have made It theh
first care to look after the field mar
[ shal’s Comfort. Two A. D. C’s at St
, Omer devote themselves to the kltcher
' and commissariat work and the eoimnan
I der in chief’s office arrangements rur
like clock w’ork. He is In constant tele
phonic communication with Herd Kltch
oner at home and with the King a
[ Buckingham palace.
Prince Recruiting
, An excellent lrnpress’on has been create,
by the sending of the Prince of Walei
1 to the front, and it has caused a not he
t l-ooin In recruiting. The l-rlncc has al
t ways been anxious to go. but Lsjrd Kltch
i ener did not care for the responslblllt:
r of placing the heir to the throne h
1 danger. He has been convinced, how
ever, that the effect on the country I
t! worth any extra anxiety that the prince'
- presence may Impose on the generals li
■ command. ,
ens’ works. Will the owner of the set
copy it for our young student?
Care of a Rubber IMant
■ TU© member who has the rubber plant
will have no trouble it’ she will place the
plant In a north window or other shady
window and water it seldom. Too much
water will make it droop and die. I a n
fond of rubber plants. J. H. K.”
The Corner thanks you for note upon
the care of rubber plants. We have bad
five or six Inquiries from members, who
will join their thanks to ours. Re
garding an Inquiry in your letter yon
might obtain the copies at the office of
publication.
Request* Words of a Song
**J asked for a copy of the words of
a song. ‘The Cold, Chilly Winds of De
cember' a while nan, but did not obtain
it. Mns. G. rc.
Referred. 1 regret that the answer to
a former request for the selection went
astray. I trust this will bring forth bet
ter fruit.
Would Join a Social Club
• l am a reader of your Corner and
should like to ask a favor of your C'or
nerites. Could any on© tell me of a
nice social club that has parties, meet
ings and private dances? We are two
young girls and would like to Join a
club. And has any one some motion pic
ture magazines to spare, e'en last year s
o;* the year before? I shall be ever so
much obliged to you. H. W."
The address of the correspondent whe
makes application for Information will
be passed over to our Junior members.
The club habit is spreading, and It is a
good thing when the object of the or
ganization is mutual improvement ir
mind and manners and innocent enjoy
ment. The address of the querylst is ir
our books.
To Cleanse False Teeth
‘‘If you think the following will he o:
any benefit to any one you may print It
To cleanse false teeth use a good wash
ing powder and scour them occasionally
with salt C "
Why not print a method of keeping «r
tlhclal teeth clean, when so large a per
eer.tttge of the thousands who wear then
annoy associates by omitting the pro
cess? There Is no excuse for foul brent!
, when one can rid teeth of all deposits oi
food and "tartar" three times a day
Teeth should be scoured as regularly ai
cups and saucers are washed after they
are used.
Nautical Characteristics
i From the Baltimore American.
1 "Notice the girl over there darning
Trim little craft, eh?"
; i "yes, and besides being a trim litth
j craft, r notic e she Is also something o
j j a skipper.
|
STEELMOREFREELY
!\o Immediate Response
| From Rate Increase But
Larger Orders
Now York. December 27. Although per
mission f«> advance freight rates 5 pet*
rent In the eastern territory did not bring
nut an Immediate response from the rail
mads in larger orders for equipment, man
ufacturers In general bought more free
ly of rolled, cast and forged steel and
iron, nnd the prospect for larger contracts
Improved. The buying of 100,000 tons of
tails Is imminent, and orders for 7000 cars
will lie placed In s short time.
Railroads and agricultural Impllment
and automobile manufacturers placed
target* contracts for bars and shapes for
delivery over the first and second quar
ters of next year, ship yards are closing
r« 20,000 to 30,000 tons of plates and
shapes to cover contracts for ocean and
lake boats just placed or pending. The
plate mills also booked orders for 20,000
to 30,000 tons for oil tnnks and pipe lines
in various sections of the country.
Toe extent of the Improvement this
month Is shown In the fact that the or
ders booked by the subsidiary companies
of lhe Steel corporation lust week aver
aged 20.000 tons pe\ day. against aver
age daily hookings in November of less
than 10,000. At the same time plant oper
ations were dropped from 42 per cent to
scarcely 25 per cent of Ingot capacity,
which means that shipments were reduced
proportionately, giving a gain In unfilled
orders not strictly Jn line with the in
crease In business.
At tlu; same time profits were not com
monsurate with Use larger tonnage
hooked. Buying was generally at the ex
pense of prices. Some large tin plate or
der* were sold as low us $3 par base
box or $4 per ton under the fixed price
to ordinary buyers for shipment over the
first half of 1915. Yet the iarger general
1 tonnage booked will help the mills to elim
inate the low prices recently prevailing
early !n 1315.
The Cause
From'-the Boston Transcript
“TIow did you lose your hah
“Worry! 1 was In constant fear that
I was going to lose it.’*
Children Cry
FOR FLETCHER’S
CASTO R I A
' I
ij Debt Never Bothers The
Man Who SAVES
• 9
—and a few dollars in
the bank is a mighty
fine nerve tonic
[ —Even a dollar or two saved and ;
placed In the savlnga^epartment
every week will soon mount up to
a tidy sum,
ThU ntroigt propreHolve bunk
pa ye 4 per rout on Mrlngn.
Wo HOllelt YOUR account to
day.
, Jefferson County
; Savings Bank
i Capital and Surplus
j $750,000.00
* * :;'hV