Los Angeles herald. [microfilm reel], July 28, 1906, Page 12, Image 12

About Los Angeles herald. [microfilm reel] (Los Angeles [Calif.]) 1900-1911

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12
RAILROADS MUST
KEEP NEW BOOKS
\ COMMISSION WILL REQUIRE
UNIFORM SYSTEM
■•■•■.'
Western Pacific Rushing Work In the
Sierra — Portland.Tacoma Right
of Way Obtained— General
Railroad Comment
Vlt.ls the Intention of the Interstate
commerce commission to have the new
system of accounting and bookkeeping
go Into effect about July 1, 1907, com
pelling the railroads' to have a fiscnl
year ■ corresponding with that of the
government.
- At | present each rallrond company
1m keeping its accounts In its own way,
the only uniformity that is required
under the old laws being In the making
of reports to the commission.
■ Some railroads have been practically
keeping two seta of books, one showing
the real operations of the corporation
and 'the other making a "showing" of
fair dealing with all shippers.
The purpose In requiring a uniform
system, of accounts is to prevent the
granting of rebates or the making of
discriminatory rates as between ship
pers. . '
Under the new rate law It will be a
misdemeanor for a railroad to keep any
accounts other than those | authorized
by the commission, either under pre
scribed rules or special permission
granted to cover unusual cases.
• The Intention of the commission is
to require the accounts of receipts and
disbursements' on account of the vari
ous classes of traffic in so clear a man
ner that there will be no getting away
from the conclusions that may be
drawn from a comparison of the dif
ferent items of the accounts.
Not all railroads will be required to
keep*- Identical books, because short
lines .will not need as elaborate a sys
tem as the great trunk lines. But the
same general principles of accounting
will govern the keeping of all books.
.They must be kept so as to illuminate
the i hitherto -dark places and show
whether the railroad companies have
been living up to their professions and
the requirements of the law. . .
BORING THROUGH THE SIERRA
Western Pacific's Forces Are Making
Rapid Progress • •
i .Work on the "Western Pacific road is
progressing rapidly.
.-.The great tunnel In the Sierra is
steadily going through the mountains.
It will be one an done-half miles long.
The work is . progressing from both
ends. . ■••
-.There is another big tunnel at Nlles
canyon, but it is not so long as that
through the Sierra.
I ..Ten thousand men are/now engaged
in grading and rail laying west from
Salt Lake. Seven thousand more could
be 1 used if they were obtainable. The
work is hampered by the . inability to
secure a sufficient number of laborers.
SECRET AGENTS BUYING LANDS
Pacific Portland.Tacoma
,' ' Line Work Advances •
' 'There is now nothing to delay the
; building of. the new Northern Paciflc-
Portland-Tacorha line.
vThe old Union Pacific grade was not
complete/but It develops that Northern
Pacific agents have ' bought all the
property and . rights of way necessary
to close the gaps. , ,
So . secretly and so quietly was the
buying completed that there was no
hint even of the work being In progress.
FISH GETS THE PROXIES
Harriman and Illinois Central Presi-
dent Come to Terms
By Associated Press.
NEW YORK, July 27.— At a meet-
Ing of the Illinois Central directors to
day an understanding was reached be
tween President Fish and E. H. Harri
man whereby there will be' no contest
for ' proxies at the coming election in
October.
.< This action was taken through an
agreement on the part of the Harri
man interests to withdraw a motion
made at the meeting of July 18, asking
for the appointment of a special com
mittee to solicit proxies from the stock
holders. ■
. Under the agreement reached , today
if is understood that Mr. Harriman and
his ..friends will give their proxies to
Mr. Fish to vote.
■The proxies now in the custody of
Mr. Fish will be voted by him in the
usual manner, and neither Mr. Harri
man nor President Peabody of the
Mutual Life, who has acted as a Har
riman lieutenant throughout the pro
ceeding, will renew their efforts to get
proxies on their own account.
There is still a vacancy on the Illinois
Central board, which will be filled in
due time through agreement by both
factions upon a fit candidate." - •
Governor Dlneen Attends
. The meeting held today was a nota
ble one. Under the by-laws the gov
ernor of Illinois is an ex-offlcio mem
ber of the board, and because of the
unusual Interest in the present con
dition of the company Governor Dlneen
of that state made a special trip to
this city to attend the meeting.
'.While neither President Fish nor
Governor Dineen would talk specifically
concerning what was discussed by tha
board, it was learned definitely re
specting the proxy committee resolu
tion that the contending factions in the
board had come to an understanding
■whereby the resolution would be
dropped absolutely. y
fi-ln this -way there will be no change
whatever In the Illinois Central man
agement, and the proxies now In con
trol of the company will be voted in
favor of Mr. Fish aa president.
■ ■ This ends for the time being, at least,
an, Important dispute in the Illinois
Central board which threatened at the
last meeting to become a feature of the
dramatic disturbance.
EAQLEB BTART A RATE WAR
Cheap Rates Between Kansas City,
':. St. Louis and Milwaukee
liy Associated Preu. .
'KANSAS CITY. Mo.;' July 27.— 1n
uplte of all promises to the contrary.
t MOTHER CRAY'S
SWEET POWDERS
FOR CHILDREN,
A Certain Oura for Feverlabaeaa,
('uualipiUluH, HeyLiTurlic,
fetomacji Troubles, Tveihln*
Mother Orar. Worm*. Th»r Breakup Oofda
Narwln OWId- , ♦» " Hi, ■?■ '-ft 'Ji""*', 1 ! 1 ' M(>t *
urn 1 . Hum*. ' Buupl*n»ilM FRKJt. iddran.
the railroads are again mixed up In
a fate war which promises to equal
the rate war of 1890, when the fare from
Kansas City to Chicago went to $1 for
a one-way ticket.
The Chicago & Alton railroad was re
cently selected hr the official route by
the Fraternal Order of Eagles of Kan
sas to Milwaukee for the grand aerie
meeting, August 13 to 18.
In connection with a steamship com*
pnny between Chicago and Milwaukee
the Alton made a rate of $11 for the
round trip, against the Western Pas*
senger association's rate of $l«.«0. The
other Chicago-Kansas City lines retal
iated by making n rate of JS for the
round trip to Chicago, plus (1.60 boat
fare.
The Kansas Clty-St. Louis lines,
fearing they would be left outside of
the business, gave notice of a $5 round
trip rate to Bt. Louis, on sale on the
same dates. This is the lowest rate
that has applied to St. Louis, Chicago
and Milwaukee In years.
These rates have been tendered all
rAilroads went of Kansas City for
busing purposes on trips to the cities
named.
HARRIMAN DENIEB RUMORS
Union Pacific Hat Not Acquired the
St. Paul Road
By Associated Press.
NEW YORK, July 27.— E. H. Harrl
in.in said today that there is no foun
dation whatever for the report that th«
Union Pacific has acquired the Chicago,
Milwaukee & St. Paul road.
He said the report was probably cir
culated by parties having an ulterior
motive.
Must File Schedules
By Associated Press.
WASHINGTON, July 27.— Chairman
Martin A. Knapp of the interstate
commerce commission on behalf of tho
commission has directed a letter to all
the railroad companies and corpora
tions of the United States calling
their special attention to section 6 of
the recently enacted railroad freight
rate law.
The section provides that every com
mon carrier subject to the provisions
of the act shall file with the commis
sion and keep open to the public for
inspection schedules "showing all the
rates, fares and charges for transpor
tation between different points on its
own route and between points on its
own route and points on the route of
any other carrier by railroad pipe line
orby water when a true route and Joint
rate have been established." .
Erie Spending Ten Millions
At a cost of $10,000,000 the Erie rail
road will run its trunk line into Cleve
land. This will be done by the con
struction of spurs from Meadvllle, Pa.,
to Cleveland and from Cleveland to
Sterling. The New York Central's lines
are now the only, great continental
passenger llnea that pass directly
through Cleveland. Other systems tap
Cleveland by branch lines connecting
with' trunk lines farther south. The
Erie's Cleveland line now touches the
main line at Leavittsburg.
Goes to Pacific Coast
Sir Charles Kivers Wilson, president
of the Grand Trunk railway, will arrive
this week from London and after visit
ing the company's offices at Montreal
will come to the Pacific coast to inspect
the terminus of the Grand Trunk Pa
cific railway.
Railroad Notes
C. S. Fay, general freight agent of the
Southern Pacific, wljl become general
traffic manager. on August 1, succeed
ing the .late W. H. Masters.
Instead- of buying Iron castings from
some twenty-five small concerns, as at
present, the Baldwin Locomotive works
will manufacture these supplies at a
new plant at Eddystone.
All of the lines 'leading northwest
report a heavy travel on account of the
Shoshone opening. ■
The Missouri, Kansas & Texas Rail
way company announces by circular
the opening of its, new line through
Austin, Tex. '
The Canadian Pacific road has tripled
the handling capacity of all trains
around the head of Lake Superior in
the last ten years. It is now engaged
in laying a double track from Winni
peg to Port Arthur. It is expected to
have 150 miles of this double track
completed before this time next year.
' Officials of the Baltimore & Ohio ex
pect to be able to run trains over the
tracks into the new passenger station
at Washington before the end of
August. It will be many months, how
ever, before the new station will be
completed. The Pennsylvania does not
expect to enter it before next spring.
OAKLAND STRIKE
IS THREATENED
By Associated Presa.
OAKLAND, Cal., July 27.— The situa
tion among the freight employes of the
Southern Pacific, particularly witb the
freight conductors and brakemen, is
said to be an exceedingly grave one;
in fact, old members of the Order of
Railway Conductors and of the Broth
erhood of Trainmen are quoted as Bay
ins that the present status can be
likened to a leaking gasoline stove, and
that the tension is so great that the
slightest spark will precipitate an ex
plosion that -will tie up the entire sys
tem, notwithstanding the "clause re
quiring sixty days before . calling a
strike. '
It is said that this condition has been
brought about by overwork and long
hours and the army of trainmen has
reached the limit of endurance and
would strike on the slightest provoca
tion.
Railroad men say that It is due to
the calm, conservative counsels of
.their leaders that the freight conduc
tors and brakemen remain at work
under existing conditions, pending a
settlement.
The new schedule will be presented
to the officials of the Southern Pacific
early in the coming week.
While it refers principally to the
freight conductors and brakemen, sev
eral clauses will also affect the passen
ger conductors.
One of the grievances much com
plained of is the use of box cars as
cabooses for the . train crews instead
of regulation cabooses containing some
comfort for the men.
INCORPORATIONS
Business Men's club— Directors, C. 11.
'Woodward, F. M. Jones, A. J. Morgan
stern.
Metal Device Manufacturing company
— M. J. Barnett. H. W. Ferrel, Lemuel
■Veilex, O. F. Pfcaler, P. V. Fellownj
Capital stock, 175,000, of which 1380 has
been subscribed.
South Furnace Creek Copper com
pany—Directors, M. E. Woods, J. Q.
Lawrence, L. It. Meyerß, C. B. Woods,
C. J. Fox; capital stock, 11,250,000.
Pasadena (Jus Appliance company—
Directors, W. B. Gard, C. W. Franklin,
F. E. Culver, William L. Jones, F. 11.
Culver; capital stock, $10,000, of which
$6,000 has been subscribed.
The Central Investment . and .Water
company, formerly of -608 Montgomery
Mreet, Ban Francisco, has moved to the
Conservative . Life building, Los ' «u
gelfu.
LOS ANGELES HERALD: SATURDAY MORNING, JULY 28, 1906. N
SLUMP OCCURS IN
ASSOCIATED OIL
SMALL HOLDERS OF STOCK
BECOME NERVOUS
Many Reasons Are Assigned for the
Decline In Pries and Manlpu.
latlon From the "Inside"
- Is Suggested
Small holders of Associated Oil stock
are beginning to show considerable ner*
vousnosa on account of the action of
the market for that stock.
Notwithstanding the verification of
the report that the company had fw
cured a share of a valuable contract in
Japan, quotations on the stock ex
change continue to display a tendency
to seek a lower level. 'Sales were made
yesterday at 37 1-4 fegular nnd at 33 2-i
"seller 30," that Is, for stock deliver
able In thirty days at the option of
the seller.
■ A few weeks ago, when rumors were
first circulated that the company was
after a big Japanese contract, the
stock Bold up to 61, but after reaching
that point the market turned and the
shares have been on the toboggan ever
since. Until recently no great amount
of stock has come out, but the demand
has been light and it has required only
a moderate pressure to work the mar
ket down. Since quotations have gone
below 40 the pressure to sell has in
creased, and the question that is wor
rying traders is ns to whether this
stock Is coming from the "Inside" or
merely represents the aggregate otter
ings of a number of small holders. ■
Uncertainty as to Dividend
The explanation given on the ex
change for the recent weakness of the
stock is uncertainty as to the next div
idend. The company has been paying
at the rate of 1% per cent semi-annual
ty, and the directors are expected to
meet in San Francisco next week for
the purpose of taking action on the
dividend for the last half year. :
For the last few days there have been
rumors afloat that this dividend will
be passed, but anything in the way of
official confirmation of this story has
been absolutely lacking. Judging by
the amount of stock that is coming on
the market, however, it Is evident that
the report has been I causing a good
deal- of uneasiness among the local
traders.
Among the theories advanced is one
that the Associated company has been
compelled to "carry" a large number of
its northern customers by reason of the
recent San Francisco fire, and that in
consequence its available funds have
been heavily drawn upon. The ac
counts which the company is supposed
to have been compelled to carry are
generally conceded to be good, and fig
ure on its books as bills receivable, but
the assumption is' that considerable
time must elapse before they can . be
collected.
Cheap Oil Is Scarce
Another story that has gained some
credence is that the company -la ex
periencing considerable difficulty in se
curing supplies of oil with which to
fill its large contracts at a price which
will insure it a profit.
Tim Spellacy, one of the large inde
pendent producers in the , Bakersfleld
district, stated while in Los Angeles a
short time ago that several of the In
dependent wells had been closed down
because of the ' unsatisfactory price
which the owners were able to obtain
from the Associated, and that they
would not be reopened until the trust
showed a disposition to pay a fair price
for the product. He said the inde
pendents were well aware of the fact
that the Associated had several large
contracts on Its hands, and they count
ed on the company being compelled
eventually to make terms with the out
siders.
Friends of the stock say they believe
the "insiders" are merely manipulating
the market for the purpose of, buying
up a large amount of stock at low
prices. Offerings on the exchange, how
ever, continue heavy. A block of 20,000
shares was offered yesterday at 37H.
which was only a small fraction above
the lowest selling price. The closing
offer was 37%. Actual transactions in
the stock were small and the buying
power was exceedingly limited.
Bank Open Tnnlßiit
Th« Consolidated Bank of Los An
geles, 124 South Broadway, in the
Chamber of Commerce building, will be
open tonight, as usual, to accommodate
the public in general and its old pat
rons. Fcur per cent Interest paid on
savings deposits.
Would-be Tenant— Tes, this little flat
is not bad, but 3000 fracs is dear.
Haven't you anything under that? "
Janltjr — There is the cellar.— Klre.
DO ' YOU KNOW
That Dr. Pierce's Favorite Prescription is
the only medicine sold through druggists
(or woman's weaknesses and peculiar ail-
ments that does not contain large quanti-
ties of alcohol? It Is also the only mcdiclno,
especially prepared (or. the cure of the
delicate diseases peculiar to women, the
maker of which Is not afraid to take his
patients Into his full confidence, by print-
ing upon each bottle wrapper all the ingre-
dients entering Into the medicine. Ask
your druggist If this Is not true.
. "Favorite Prescription,'! too, Is tho only
medicine tor women, all the ingredients
of which have the unqualified endorse-
ment of the leading medical writers of the
several schools of practice, recommend-
ing them for the cure of the diseases for
which the "Prescription" Is advised.
Write to Dr. R. V. Pierce, Buffalo, N. Y.,
for a free booklet, and read the numer-
ous extracts from standard medical au-
thorities praising the several ingredients
of which Dr. Plorce's medicines are made,
and don't forget that no other medicines
put up for sale through druggists for do-
mestic use can show any such professional
endorsement. This, of Itself, is of far
more weight and Importance than any
amount of' so-called "testimonials'* so
consplouously flaunted before the public,
in favor of the alcoholic compounds. ■
The "Favorite Prescription" cures all
woman's peculiar weaknesses and do-
rangements.thug banishing the periodical
headache*, backaches, bearing-down dis-
tress, tendernens and draging-down sen-
sations in lower abdomen, accompanied
by weakening and disagreeable catarrhal,
pelvic drains and kindred symptoms.
Dr. Pierce and his staff of skilled xpe-
clallst* may. be consulted free by address-
ing as above. All correspondence Is
treated as sacredly confidential. By con-
sul tint? in this way the disagreeable
question! iiks and personal " examinations "
are avoided.
The People's Common Sense Medical
Adviser contains some very interesting
and valuable chapters on the diseases
peculiar to women. It contains over one
thousand pages. . It is sent post paid, on
receipt of sufficient in one-cent stamps to
pay cost of mailing only, or 21 cents for
» copy in flexible paper covers, or 31 cents
for m clpth-bound copy. Address Dr. U. V.
Pierce as above. . • . K
■' Dr. Pierce's Pellets regulate and Invig-
orate stomach, liver . anj bowels. On«
« liuaUv*,'two or three cathartlo. .
Store' both retires w . ;y\^>^\\V '/7. n« ' DtiimUi -
12:30 . . // 1 AfißbAuwa: cor. roiiKnLi^iC^GELE3.\AKrHini urrT3;piiflranrMß/ivv> ««•«•
HALF PRICES FOR. HALF A DAY
Shop This Morning and Save
waw*wuw»»w^«a* ]Jke a B | lk . n]l g00(J co ) orgj including Th | 8 mornlng'i . offering: choose from sizes Bto 2; pretty and
Half black, cream and white; 36 Inches wide; colored canvas shoeii" nnd oxfords for girls; about 300 pairs all told;
****** Baturday morning, aisle 8, yard 10c. Blucher and regular styles; $1.25 values; this morning, aisle 8.
. $25.00 coatß at $12.50. ' 922.60 coats at y 29 C Satttn ISc ' w • eu l ' te J\
• $11.25, $20.00 coats at $10.00. . . • A deep, rich black, mercerised sateen;. Men S ShOCS lit 75C *S2l&^^4&\ ■
_ . , Foft kid finish; Just 200 yards pf It; 39c And here you will find a good many that •/rfvfe«W ; *^i ' 1 '
Just for Saturday morning; they value; this morning, 16o' yard; aisle 8. are Worth $2.00, Including oxfords, white '^fci-feAvw/ ' '\' : 'M''''
are coats that mean much for com- French Haircloth I2>4c or gray colored canvas; wanted tot *ik. O Jr '
fort on the trip; or for evening An Imported cloth that come* in gray street and outing wear; leather or rub- m9^.
wear on the beach' tlitht-nttlnK nnd whlto on| V' 27 Inches wide; Just her soles; regular or Blucher styles; fcT /* KMI
wear on tne "eacn. ««>" ""'"»• 100 yards of it; this morning. 12*0 yard; Today, aisle 9, pair 75c. i ' NS»
Kmplre, box and belted effects; a k|n^ that BellB |n many store? at COc! ■ '„ , /> - , -^ I '
few have satin lined hoods; here in no mor e than 10 yards to a customer; - WOtTICD. S UXlOrdS &t 75C
tan, olive and gray; sizes 84 to 44; aisle 3. ■' . l C- ' „, -« , . . . -\ , „. ' '
. ' . ,•..__ „, A„„ , • They are good, $1.50 values; made of soft dongola kid. on common
half price this morning, second Hoor. — — — " j Ben8 * , a|st g". plain, -wide, easy toe shapes; flexible, hand-turned soles;
' ' 15C DOllieS t%C low heels; sizes 3to 8. Today, aisle 8. pair, 75c.
, •!?*-* • m Appllqued in, solid and cut out designs. — — —
H_ll«i« Sfcl Among them 12-Inch ones;- 15c value -~ — w 4. ■» • 'Jmrn'**
II ,m T -,* ■ rrsr tal^ ■*"'••• 35c India Linon at 17ic
Of Wool Materials tst pihow Topi at iz^c ; __ .. n . ■'■' , ' u,* «
' Nobby Jacket styles- worth three These are lithographed In a variety of N Kail ITlce lor Half a Uay
times as much; it is this morning's good designs. Regular size, 25c and 35c , It . 8 an opportunity for women to take advantage of who want new
offering for girls that wear sizes kinds. Today, rear of aisle z, each, 12%c. white waists and want to pay little for them. It's one of the best wash •
12, 14 and 16; pretty tailorod styles; 98c Pillow Ruffling* 39c . goods offerings we've ever been able to make; Just 50 pieces of extra
■Jackets with flat and roll collars, Shaded green with, white, pink and fine white India linon, Just when you want It most; 35c value at 17V4c.
trimmed with braid; here In brown, purple stripes. Full 414c yard lengths, No' phone or. mail orders; positively none . ("old to dealers, and nono
' blue, gray and red mixtures; this 98c values. Today, rear of aisle 2, 39c delivered; not more than 12 yards to any one customer; 35c value for
„ morning, second floor, at $1.00. yard. • ' "17%c yard; third floor. ' :, •
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f| The Grandest Success of the s- — — — „'■ „- .■...;.. .. v. Come One, Come All. Get Your H
KB c f «. j nm* if! 'j FREE Ride to Redondo Every Day r« r>i 'j. • n' •• t»" i' a '19
H Season. Everybody Delighted. by Electric Line Every 20 Minutes. Free Electric Railway Tickets ||
II Lots Are Selling Fast. Don't ** D^;f* Per Montb * No lntcrMt -' atOur Office, 124 Si Broadway, ||
J- Delay. v a * es '/ Los Angeles^ ' ||
11 Free car tickets from Los Angeles to Redondo and return every day, every 20 minutes, by electric 1
pi railway. Call at our office for free car tickets. Don't delay. Lots are selling ; ; I
ii fast. Soon will be all sold. Do it now. All lots are one price-- ■ j
I $90 Per Lot, $4: Down^s4 Mont hi
ii' n terest r ;No :; Taies^^'^V' ■'';■ . : '
11 | A I C ••!••/* DON'T SEND MONEY, SIMPLY WRITE, 1
El LOS AIHJ6I6S o6CUriII6S ' AjO. r cut™, B o OT: a K dha,, vl-
■H , : , | ■' knno\k nn0 \a C Qoriirifiac Ce\ "* 'south biioadway. R3j
I 124 S. Broadway, Los Angeles, Cal. V Los An 2 eles Securities Co., LOS AJVGELES> |
|t3 .. ' .' . ' ; '. --, , Gentlemen— Kindly mall me full • Information, map and . illustrated ~ : "H
;S| Ground Floor Chamber of Commerce Building. • Telephone*! j Main prospectus concerntnK: the Kedondo Villa Tract, free of any expense to Kg
e! ' 3370, Home 5X11). Incorporated Under, the I.nwa of the State of , me. '.'-'- ' ' ' , • - •■ EH
S CalKurulu. '. ■ ' '.'. /. . •.' ,'i . . '. : i ;. ' ■ .. .-.''■• [I'tj
j|| [jji^~ NO TROUBLE TO ANSWER QUESTIONS. Name... _^ y. . fca
$| References: Consolldateil Bank of Los AnKeles end our many Street' . . .' ' It<3™fei»Yvl ' ii
|g Biitlslled customers. V ■ ..■ .'.'•-'. '..,■. ••>...' ; . . • " . . • ' • ' • M^Ml QmWi
9 \ Office open every night during week days from 7'to 9 o'clock City iXfil
831 to accommodate those who cannot come during the day. ■ ( .^ i^ i^^—^»_____a, J • '*•' IH
hH Mm |3 ~ j Kg ' A irtV V^^ llEWllrr^ — — —^—^^^^—^—^-^^—^^— —^^-— "W*i M f ' ■
9 |fiP . Jfj| Try a Herald Wainit Ad