Los Angeles herald., September 20, 1910, Page 6, Image 6

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

Image provided by: University of California, Riverside; Riverside, CA

6
From Mines and Oil Fields
OLD YORK MINE RETURNS
ASSAYS OF HIGH VALUE
Practical Miners Operate Prop
erty That Has Made Good.
Ships to Smelter
PRESCOTT, Sept. 19.— L. Bartho
lomew and James Rees are here from
the mining camp at Tarnell. They
brought a large sample lot of the ores
taken out of the old Tork mine, that
has attracted the attention and Inter
est of many miners who have Inspect
ed the product. The above operators,
In conjunction with J. S. Riley and
the estate of tho late Ed. Gillespie,
have been for years quietly develop
ing this group, and until recently but
little publicity has followed their op
erations.
Of late, however, the proposition has
come into prominent rating, and the
samples brought back for assaying ara
the avenue of giving this enterprise
the merited regard it is assuming in
gold proluctlon possibilities of the
greatest expectations.
Interest follows this undertaking
from the practical regard extended
by Its faithful and energetic opera
tors from the 'beginning of the de
velopment on the surface to Its deep
est point. From a mere prospect with
limited work, these tireless men have
persisted until at the present time a
depth of over 400 feet has been
reached, establishing the Indisputable
fact that they have a mine ln any
sense that the term may be applied.
In addition to this they have ex
pended their own money and muscle,
and the life of the undertaking re
flects the wisdom of their judgment
by what they have accomplished. .
The Tork is an illustration otf
what well directed and capable man
agement will accomplish, and ln this
specific Instance of Independent and
practical effort, the property is open
for Inspection of any who desire to
Investigate it.
Assays range in gold from $8 in
ledge matter to $157 a ton of the
ores in the vein. The bodies that carry
the higher values run from twelve
Inches to twenty-four inches, in a
vein of free milling, with Iron sul
phides, lead and lead oxides. The
exhibit is the best of its character
that has been seen in this city in
recent years. The ore is in porphyry
between granite walls, which condi
tion commends the property from a
geological standpoint.
From development they have on
the dump over 100 tons, which will
give at least $30 a ton ln gold values,
while in the shipping grade the values
will run from $100 to $150 per ton in
the same metal. On the 400 foot level
they have starred to drift both east
and west, and this work will be fol
lowed. They feel very enthusiastic
over the showing at that particular
point on the group, of which they
have six claims. They will return to
their camp in a few days to con
tinue development and will make ar
rangements to ship the product to
the Humboldt smelter. , .
CONSERVATION ATTRACTS
ATTENTION OVER STATE
That agitation over the conservation
policy is liable to break out in exceed
ingly virulent form during the annual
convention of the American Mining con
gress, which will he held in Los An-i
geles September 26 to October 1, is
indicated by the activity which is be
ing displayed by loth sides in pre
senting the issue to the mining In
terests of the west. The mining In
dustry is the one most vltually affected
by the general policy of conservation.
Its leaders are men who, while sup
porting the policy in a general way,
demand nevertheless that a liberal and
progressive policy be enacted—ono
which will allow the free use and
development of western resources by
the present generation.
Senator W. E. Borah of Idaho, a state
where mining and power interests are
paramount, sees great danger in adopt
ing a policy which is too restrictive.
Borah is slated for an address at the
Los Angeles meeting of the mining
congress and ln a recent Interview
characteristically set forth his position
with regard to conservation as lt ls
liable to affect the west.
He says:
"Any conservation policy Incorporat
ed Into law must have as Its basic
and fundamental principle that of
economic use and development. Our
natural resources are not te, lie Idle,
Imprisoned and unusable. If you
would Join us in that proposition, dedi
cating them to the economic use of
those who develop them, we shall
gladly join you in formulating a pol
icy of development and control and
regulation which will avoid waste and
extravagance and monopoly, in so far
as It Is possible.
"But upon a policy of non-use, of
strangulation of the great west, we
stop at the first call for legislation.
If strangulation is to ho had it will
first be tried upon something else."
EXTRACTS RICH SAMPLES
FROM ROYAL FLUSH GROUP
GOLDFIELD, Sept. 19.—James T.
Williams, owner of the Royal Flush
group at Gold Mountain, is ln camp,
and brought with him samples from a
strike he has Just made there. In a
drift from the shaft, at a depth of 100
feet, he has opened a fine streak of
iron and copper sulphides from eight
to eighteen inches in width, which
gives average assays of $112 a ton. The
principal values are gold.
This discovery Is on the same ledge
that distinguished itself with a sen
sational glory-hole a feu- years ago.
The drift is now nearing the Junction
of this and another vein, and Mr. Wil
liams believes that he will soon develop
a larger ore body and higher values.
Speaking of the storm in that section
Wednesday night, he says that it was
very severe, the rain coming down out
of the heavens "as though someone had
pulled the plug out." Considerable
damage was done to the roads, al
though they were not entirely washed
out. '
UNITED OIL CO. STOCK
LISTED ON EXCHANGE
Securities of the United Oil company were
listed on the Los Angeles stock exchange
Monday. The capital stock of the company
Is 2.000,000; amount Issued, 1,288,131, pur
value $1 each. The company owns 830 acres
of oil land and holds leasee on 160 acres.
Monthly production Is 30,000 barrels. Three
wells ere pumping, five drilling and eleven
tuber wells ere soon to be developed. The
officers are '.'. F. Whittler, president; E. D.
Morrison, vice president; J. n. Iledrlck,
seerefcrj-i C. P. Campbell, treasurer, j
JAMES WYNKOOP
BEAR CREEK STOPS
DEVELOPMENT WORK;
WILL SELL OUTPUT
BAKERK ITEMS, Sept. 19.—Well No.
S of the Bear Creek Oil company, which
was drilled In at » depth of about 1500
feet, Is on the pump, orders being Is
sued by the board of directors to stop
farther progress of rrdrllliiiK. Opera
tions on well No. 4 have been ordered
stopped and the well will also bo put
on the pump and the production from
these wells will be sold to companies
operating in the vicinity of the Bear
Creek property. The Bear Creek com
pany owns 260 acres of land ln section
14, 31-22, and holds an option on north
160 acres In section 14. '
MINING QUOTATIONS
NEVADA STOCKS
Exclusive dispatch to The Herald by I*. A.
Crlsler & Ca., members ot Los Angeles stock
exchange, 200-201 I. W. Hellman building, Los
Angeles.
SAN FRANCISCO, Sept. 19.—The right kind
of support was lacking In the general market
for Southern Nevada stocks today and the
entire list was dull and apathetic.
The Goldfield list showed but few changes.
Consolidated was down 5 points and Florence
2% points.
Belmont held steady around last week's fig
ures of »4.30 to 4.35. Jim Butler was offered
at 30 cents and Midway at IL i
Following were the closing quotations:
GOLDFIELD DISTRICT
Bid. Ask. Bid. Ask.
Adams 1 2 Kewanas .... 8 9
Atlanta 13 13 Great Bend.. 3 4
Booth 10 11 St Bend An. .. 1
B B Exten.. .. 1 Grandma .... 8 8
Blue Bull ..J -6 Jumbo .Ex .. 44 45
Blue Bell .. .. 4 Kendall 3 4
B B Bon 2 Lone Star 6
Col Mtn ...t 4 5 Lou Dillon .. .. *
Comb Frac... 40 41 Oro 7 9
Crackerjaok.. 1 3 Red Top Ex. 3 4
Daisy 4 6 Red Hills ... 3 5
Florence 222% 225 Sandstorm .. 4
Flor Ex .... 1 2 St Ives 15
Pr Moh 3 .. Silver Pick .. 8 10
Gold Con ...810 825 Tel Tiger 8
TONOPAH DISTRICT
Bid. Ask. Bid. Ask.
Belmont ....430 4.15 North Star ..7 8
Jim Butler.. 28 80 Res Con 8
Midway 20 21 Ton Mln ....850 800
Montana .... 90 .. Ton Ex 90
MacNamara.. 25 29 |Wst End Con 59 ■61
BULLFROG DISTRICT
Amethyst 1 Bid. Ask.
Bullfrog Mln .. i Mongm Mtn. .. 1
BuUfrg N B .. 1 Mayflow Con. 3 4
Bonnie Clare 4 6 Tramp Con .... 6
MANHATTAN DISTRICT
Bid. Ask. Bid. Ask.
Little Grey.. .. 2 Man Dexter.. 7 8
Man Con ... 4 6 Mustang .... 1 2
Man Mining. .. 1 Thanksgiving. ... ' 4
OTHER DISTRICTS
Bid. Ask. Bid. Ask.
Eagle's Nest 5 .. RoundMtn .. 43 I.
F'vlew Eagl .. 40 Pitts Sllv Pk .. 60
Key Hills ..235 240 Coalition .... 10
BOSTON MINING STOCKS
Special service to The Herald by J. C. Wil
son, 212 West Fifth street. Los Angeles.
BOSTON, Sept. 19.—There was no change ln
the situation to cause any activity ln the mar
ket today. The majority of orders seemed to
be on the sale side, and certain of the special
ties were slightly weaker. Indiana and Al
gomah were freely offered; on the other hand.
North Butte was strong and closed higher.
Quotations closed as follows:
Bid. Ask. | Bid. Ask.
Am Pneu .. 47, 5 Mohawk .. .. 47 48
do pfd .... 15 16 iNevadaCon .. 20 20%
Adventure .. 6 6% North Butte.. 27% 23
Allouez .... 40 42 Old Dominion 35 36%
Atlantic .... 6 7 Osceola 127
Arcadian ... 5 6% Parrot 18
Ariz Com ... in 16% Qulncy 73 74
Apex S% 3%|.Santa Fe .... 1 174
Boston Con., shrd mmShoe Mach.. 61 51%
Butte Coal'n 18 18% Shannon .. .. 9% 9%
Calu A Ariz 57% 68% do pfd 28 28%
Calu & Hec.645 555 Sup Copper .. 45% 49
Centennial .. 15% 18 Sup and Bos 8 8%
Con Mercur.. 6 10 Pup and Pitt 11% 11%
Cop Range.. 65% 66 Swift 101 101%
(Daly West.. 6 6% Tamarack ... 55 67
East Butto.. 7 7% Trinity 6% ..
Elmßlver .. .. 20 United Frult.l9s 196
Franklin .... 11 11% 'U S Smelt .. 38 SS%
Granby 32 33 do pfd 48% 49%
Greene Can. 6% 6% Utah Con .. 22% 23%
Hancock .... 19% 20% Victoria 2% 3%
15.... Royale.. 20% 21% Winona 7- 8
Keewenaw .. 3% 4 Wolverine ...115 117
lake .. 32 S3 Wyandot .... 1% 1%
La Salle .... 9% 10% Mass Gas ... 81% 81%
Mass Copper 7 7% do pfd 91% 92
Mayflower ..40 .. North Lake.. 8 9
Max Con .... 41 45 Indiana .. .. 13 14
Miami 18% 18* Mgomah .. .. 11 11%
Michigan .... a 4%|
NEW YORK CURB
Special service to The Herald by J. C. Wil
son, 212 West Fifth sireet, Los Angeles.
NEW YORK. Sept. 19.— Following were the
closing quotations:
Bid. Ask. Bid. Ask.
Am Tobacco. 400 410 Mason Valley 8% 8%
Ii S Gaa .... 0% 0% Miami 18% 19
Chicago Sub 4% 4% Mines of Am 64 68
Havana Tob. 3 6 Nevada Utah 0% 0%
Stand'rd 0i1. 598 600 Nlplsslng .... 10% 11%
Cns Stmp Rl7 21 Ohio 1% 1%
Butte Coal'n IS 18% Rwhlde Coal. 11 11%
Davis Daly.. 1% 1% Ray Central.. 2% 2%
Dolores 6% 6 Ray Consol 18% 18%
Ely Central. 0% 0% South Utah .. 1% 2
Ely Consol.. 28 32 United Coppr 4% 6
Greene Can. li% 6% Yukon 8% 4
Glroux 6% 6% Chino 16% 16%
Inspiration .. 7% 7% Consol .Ariz.. 1% 2
Kerr Lake .. 6% 6a Keystone .... 2% 3
La Rose .... 6% 6% El Rayo .... 3% 3%
SAN FRANCISCO OIL STOCKS
Service to The Los Angeles Herald by L. A.
Crlsler & Co., members Los Angeles tatock ..
change, 200-201 I, W. Hellman building, Los
Angeles.
SAN FRANCISCO, Sept. 19.—Following were
today's quotations on the San Francisco stock
exchange: —Opening— —Closing—
Bid. Asked. Bid. Asked.
Associated Oil ... 43.25 44.12% 44.60 44.75
Brookshtre 1.40 1.50 1.40 1.45
Illinois Crude .42 .... .42'
Mascot Oil 2.45 .... 2.45
Monte Crlsto .... 2.60 2.75 2.60 . 2.80
New Pennsyl .79 .... .79
Palmer Oil 1.87% 1.40 1.40 1.45
Premlor 65 80 .90
Silver Tip 1.25 1.30 1.25 1.30
Bales— Pacific States .32: 600 Palmer
1.37%; 100 Silver Tip 1.25; 1500 S W and B .30;
20 Union 100.
RIVER FLOODS WORKINGS
OF RICH PLACER MINE
GRASS VALLEY, Sept. 19.— the
Golden Dream mine down on the Yuba
river operations have been forced to
cease owing to the immense amount of
water that was coming down the river.
The storm coming up so suddenly
gave them no (bailee to make prepara
tions, and even so the volume of water
was too large to handle
The large pit which was sunk In the
river was filled, and as the water was
pumped out sand would gradually set
tle until it was decided to wait until
the water* abated. It will be the mat
ter of probably on* or two days before
operations will be started again.
The river is being worked by draw
ing the gravel from the pit by suction,
after which tla' gravel is worked by the
usual process. When the winter rains
set in all work on the river bed will
have to be abandoned, so the company
ls rushing work as fast as possible
while the water is low.
PRICES OF METALS IN
NEW YORK MARKET
<$> <?>
.i, NEW YORK, Sept. 19.topper, <»
... quiet; epot and October, f13.10@12.30. <§>
<S> Leal, quiet, at $i.3V/j@iA.M. &
<*> Bar silver, 53 1-lc. <$>
LOS ANGELES HERALD: TUESDAY MORNING, SEPTEMBER 20. 1910.
WHITE PINE MINES
INCREASE IN VALUE
Properties, According to Assess
ments by County, Appre-
ciate in One Year
GOLDFIELD, Sept. 19.—An increase
of nearly $1,000,000 ln the valuation of
property In White Pine county over
last year Is shown by the assessment
roll for 1910, which has just been com
pleted by the assessor and turned over
to. the county clerk. The total for the
year of 1910 Is $6,725,755, while the val
uation for 1909 was $5,815,522. The
larger portion of the Increase for the
period is assessed to the Steptoe Valley
Mining and Smelting company, its total
assessment amounting to $2,009,470 as
against $L 245,920 on which that com
pany paid taxes last year.
The roll embraces 1430 separate de
scriptions of property and covers 725
pages in three large volumes. The
practice of trying to divide the property
assessed according to school district
boundaries, as has been done for sev
eral years, was changed, and all names
of owners are entered in alphabetical
order, with the description of all their
property on which they are required to
pay taxes following under the one head.
This plan is according to law and more
convenient for reference, as sometimes
under the old plan an owner's name
would appear in several districts, and
errors were made by getting property
listed ln the wrong district. The roll
ls being printed,; and a copy will be
mailed by the assessor to all parties
whose names appear ln It.
The Steptoe Smelting company is
assessed on lands $50,000, on personal
property $218,220 and $1,740,450 on the
big plant at McGill. Last year the
company was assessed for $1,258,920 on
which it paid the sum of $27,701.96 In
taxes.
- . a
CONTRACTS TO FURNISH
, BIG ELECTRIC VOLTAGE
BAKERSFIELD, Sept. 19.—General
Manager W. F. Boggs of the Kern
River Oil Fields, Limited, confirms a
report here that the corporation has
contracted with the San Joaquin Light
and Power company to furnish 2500
--horse power to the oil fields to run the
machinery of the company. This
amount of power is one-third more
than can now be furnished by the
plant of the power company recently
bought In Bakersfleld. It is under
stood that the excess of power neces
sary is to be supplied direct from
Crane valley, Madera county, where
great extension has been made "in the
company's generating facilities.
The Kern River Oil Fields, Limited,
is a large corporation, recently pur
chased by French capital for $7,500,000,
from the Imperial 33, and Keith and
Mack. * '
It is stated that 200 motors are to be
Installed for the purpose of operating
pumps, drills and other machinery.
The use of motors at oil wells, which
has been recently Introduced, is being
rapidly adopted both ln Kern county
fields and the Coalinga district, as a
solution of the problem of bad water
for boilers, and the ra^id depreciation
of machinery, which makes the ex
pense of drilling for oil much greater
than it would otherwise be.
SOUTHEASTERN ENTERS
COALINGA OIL SAND
rijALINGA, Sco;. V. —The South
eaticrn Limited, IS-::0'.o, is reported to
l.a«" gone Into the oil san 1 last Mon
day at about 3500 feet, ami how for
ln the sand they are Is not known i>s
those upon the property are not giving
out any information. It is presumed
that there is the same depth to the
sand as in the Mohawk, about a mile
away.
The Southeastern was started about
a year ago and those most heavily In
terested are Wilcox, Meyersteln, Na
than, Samuels, Fleishacker and Capt.
Barneson. They are also Interested
in many other properties in that part
of the field.
The bringing in of the Southeastern
will give an impetus to drilling opera
tions in the east side, and along the
Coalinga anticline, as it will prove the
anticline does not dip to the extent
generally supposed. The Southeastern
will hardly be more than 100 fee|t
deeper than the Mohawk, if that
much, and drilling will be much safer
for other companies upon this proof, i
LITTLE CHANGE IN TIGER
GOLDFIELD, Sept. 19—There is
little change in conditions at the Yel
low Tiger, which is still being persis
tently developed under the manage
ment of James Bates, representing the
wealthy Colorado syndicate that is
backing operations, firm in the belief
that they will yet make a mine out of
the Tiger.
A drift is being driven along the con
tact that was encountered 345 feet west
of the shaft, on the 725 level, and it
lias followed this contact for eighty
five feet, going into the hill. The for
mation looks good for ore, but the
values are low. Mr. Bates expects bet
ter results when the drift has been ad
vanced some distance farther, to Where
a change in formation is indicated by
surfaoe showings.
The drift must also be driven about
100 feet to get under where a bunch
of good ore was found in the 600 level
about two years ago, before the shaft
was sunk to Its present depth.
METAL MARKETS
NEW YORK. Sept 19.— Standard cop
per quiet; spot, September and October,
$1»10@12.20; November, $12.1311)12.20; De
cember. $12.15(g)12.23V4. London dull; spot.
£54 17» 6d; futures. £.'.;, lis 3d. Arrivals
reported at New York today were 1140
tons. Custom bouse returns show exports
of 17.699 tons so far this month. Lake
copper. $12.60012.75; electrolytic. $12.37%
012.f2tt: casting, |12.12%4012.»7i».
Tin quiet; spot. $35.16@55.17>&; Septem
ber, $35(833.15; October. $84.50« 31.85; No
vember, $34.25@34.75; December , $34®
34 50. London dull: spot. {159 7s 6d; fu
tures, £158 2s 6d.
Lead quiet; $4.37 04.42% New York;.
$4.2b®51.30 East St. Louis. London spot,
£12 12s 6(1.
Spelter quiet: $5,505? f..60 New York;
$5.3714(& 5.45 East St. Louis. London, spot,
£23 7s till.
Iron —Cleveland warrants, 4Ss 10 %d. Lo
cally Iron was quiet; No. 1 northern. $15.50
%16; No. 2. $15.'35015.75: No. 1 southern
and No. 1 southern soft. $16.734> 16.25.
NEW SAN DIEGO COMPANY
The Tla Juana Valley Oil company
has filed articles of incorporation at
San Diego. The promoters propose to
prospect for oil to lease oil lands and
to lay pipe lines. The capital stock la
$75,000. Incorporators are A. C. Hun
don, A. P. Meeker, John F. Scott, E.
G. Dehm and F. E. Wisecup.
COLE SHAFT OF S. & P.
WILL QUIT INDEFINITELY
BISBEE, Aria:., Sept. Within a
week the Cole shaft of the S. & P.
company, commonly known as south
Bisbee, will be shut down for an In
definite period. The shipments of ore
from this shaft have already been
stopped and the mine will be put ln
shape for closing down within the next
few days.
Frank Juliff. who has charge of the
work nt the South Bisbee, will go to
the Junction, where he will be ln
charge of that mine in the place of
Charles Collins, who has resigned.
The closing down of the Cole shaft
will affect about 100 men. It is ex
pected that within the next two weeks
or ten days the majority of these men
will be absorbed by the other mines
being operated by the company, so
that while the production of the dis
trict will be somewhat lowered the
total number of men employed will not
be reduced to any extent. It is under
stood that the men with families will
be placed promptly, while the single
men will probably be placed within a
short time.
PRAISES HERALD EXPOSE;
ASKS CONCERNING AUSTIN
The following letter was received by
the editor of this department yes
terday:
2118 Curtis avenue, Alhambra, Sept.
19,1910. Mr. James Wynkoop, Mining
Editor Los Angeles Herald, Los An
geles.
Dear Sir: Allow me to express my
appreciation at the able and fearless
manner In which you have disclosed
the methods of the Standard ln the
Devil's Den operatives. ■
The proposed enactment of legisla
tures of mining states to eliminate
swindling from mining should receive
the support of every "square mining
man.
From time to time your columns
have contained special correspondence
from Austin, Nev., with reference to
the Austin-Manhattan Colsolldated
Mining company. Does the Austin-
Manhattan company supply the in
formation?
Can you kindly inform me whether
Mr. C. E. Miesse of the firm of Evans
Miesse company, investment bankers,
Fisher building, Chicago, is still presi
dent of this company? Evans Miesse
& Co. promoted this company. Capital
stock, $10,000,000, a consolidation of
about 150 companies (?) at Austin, Nev.
$6,000,000 of the stock was allotted to
promoters and former owners and $4.
--000,000 to the treasury. Miesse was al
so president of the Octav Mining
company of Arizona, capital stock, $1,
--500,000. Miesse was formerly Interest
ed ln the Ponn-Wyomlng Copper com
pany. Evans was identified with the
Bully Choop Gold Mining company of
Bedding, Cal. Miesse was one of the
gang who assisted In putting through
the Cripple Creek Homestr.ie Mining
and Reduction company deal, which
caused ruin to many and was a rank
swindle.
Promotion stock was Issued as trea
sury stock and 1 pep cent monthly
dividends was paid out of the sale of
stock.
If this man is still president of the
A'^stin-Manhattan, etc., lt might pay
you to write to R. G. Dun & Co., Chi
cago agency, as that company v has in
vestigated. Also to Mr. Alexander W.
Grant, now deputy state insurance
commissioner of Cofodaro, but former
ly clerk and recorder of Teller Co.
Cripple Creek, Colo., and receiver of
the C. C. Homestake M. & R. company.
His address Is Denver, Colo. As re
ceiver he went before the grand jury
to have the various members of the
gang indicted, but was barred by the
statute of limitations.
Miesse wrote me he was financially
and physically down and out through
trying to save (?) the Homestake. A
short time afterward he rose again
and was' president of two companies
(as above) with an aggregate capital
of $11,500,000.
After the stand you have taken in
the Devil's Den case you may like to
investigate this man's connection with
the Austin-Manhattan, etc.. as well as
the companies he is connected with.
He formerly worked a mine in the cen
ter of the town of Cripple Creek with a
man named E. A. Norton. A Los An
geles brokerJ. E. Meyer—advertised
this stock for sale in the Los Angeles
Times in 1908.. The 150 companies com
prising the Austin-Manhattan property
w?re reported for the most part claims
and I believe widely separated from
the plant which was supposed to han
dle the output of their various claims.
Yours for square mining,
HERBERT T. ARKCOLL.
PRAISE FROM ABROAD
Of California's production of oil the
London Financial News says:
"Those weak-kneed individuals who
are timorous regarding the future of
oil might do worse than bestow a lit
tle consideration on the conditions
prevailing ln California, which has
leaped almost at one bound into the
premier place as an oil producing
state. As a nerve bracing tonic noth
ing finer can be prescribed, a lusty
optimism as regards the future being
backed up by actual facts which are
calculated to make those unacquainted
with the facts gape.
"For California has lived on the rep
utation and golden glamous of '49, but
in the cquntry Itself, and among those
who are interested financially in its
prosperity, gold is no longer the open
sesame. Oil is now tho name to con
jure with. Monthly dividends of more
than $600,000 are being paid to the for
tunate stockholders of the listed com
panies, and the total amount so paid
since the establishment of the industry
ls not less than $45,000,000. This sum
has been earned on a total output of
'335,000,000 barrels.
"Although the foreign market has
not yet been developed as it might be,
California is the largest producer in
the Union, and Is responsible for 15
per cent of the world's output. By ex
perts the industry is regarded as only
in Its infancy, and its financial backers
are showing their confidence in the
future by putting up $5,000,000 where
with to build a great pipe line nearly
2000 miles long, which will connect
Arizona and "open up New Mexico."
OPERATIONS IN SONORA
DOUGLAS, Ariz., Sept. 19.—1n the
opinon of B. N. Norton, a well known
mining engineer of this city, the sec
tion of the Cananea district lying north
of the smelter in which is situated the
Calumet and Sonora property and sev
eral promising prospects, will revivify
the entire district and make it again
tho spot toward which all eyes will
turn.
"Cananea," says Mr. Norton, "is
rather quiet at present and there has
been some slight curtailment of the
working force of Greene Cananea
within recent weeks. Every one is
looking hopefully to the future, how
ever. The portion of the district north
of the smelter is attracting great at
tention in the mining world at present,
and I look for It to be the influence
that will act in reviving tho entire
camp." :
The Calumet and Sonora ls working
ahead with good success, he stated.
OFFICIALS PROBE
RAILWAY DEALS
Controller of the Illinois Central
Yields Disclosures Before
Interstate Commission
(Associated Press)
CHICAGO, Sept. Alleged stock
inflation and manipulation, designed to
turn over to* the stockholders large
sums of money without putting in the
company's record any reference of
more than passing fair dividends, was
the subject into which the interstate
commerce commission delved today at
its continuation of the hearing, pending
the suspension of the freight rates of
western lines scheduled to take effect
September 1.
The stock . manipulation feature of
the Inquiry was suggested by Commis
sioner Clements, and was Immediately
taken up by the commission attorney,
Frank M. Lyon, and Attorney Atwood
of Kansas City,- who appeared for the
general shippers' committee, which Is
fighting the increase.
Controller Blauvelt of the Illinois
Central railroad was the witness from
whom the disclosures which followed
were obtained.
Commissioner Clements called the
witness' attention to figures he had
furnished on direct examination by the
railroad's counsel. . The commissioner
said:...
AMAZING RISE IN FIGURES
"You say, Mr. Blauvelt, that in 1891
your capital stock was $40,000,000 on
2875 miles of road, and in 1910 on only
about 1700 miles more it was $109,000,000.
Also that in 1891 the bonded indebted
ness was only $62,000,000, while in 1910
it had reached $176,000,000. Why Is
this?"
"Well," was the answer, "what
would appear to be the excess went
to improve the roadway and for equip
ment and purchase of other roads."
"And how was the stock raised for
these purposes sold?" continued, the
commissioner. "Was it' on the open
market?"
"Part of it was. But most of it was
sold to the stockholders at par."
"Was there ever declared a stock
dividend?"
"I am sure thore was not. That
would amount to the same as any
other dividend, you see. That Illinois
Central stock sales represent real val
ues, y6u must see, ln dollars and
cents." . •
Here Attorney Lyon sought to have
the witness differentiate between giv
ing stockholders a stock dividend or
giving them stock worth more than
par at parity. The controller Insisted
there was a vast difference, even if
the result were the same in cash to
the stockholders, which he admitted.
STOCK TRANSFER METHODS
This part of the testimony opened
a new question of the disposition of
a corporation's stock and Commissioner
Lane, after asking if lt was to make
the stock value approach the cash
value, and being informed it would
not, allowed the attorney to delve Into
the par stock deals. . ,
"If your stock sold at 150 in open
market," asked the attorney, "and you
gave It to your stockholders at 100,
what became of the e^tra 50 per cent
of its value?"
"Why, it went to the stockholders,
was the answer.
"Then the upshot of it was your
company added to lis capital stock by
letting stock go toT>lr when it needed
money, when it could have sold less
stock on the open market, satisfied
its needs and kept the capital stock
down, giving less capital to flgure div
idends upon; isn't that so?"
Controller Blauvelt was unwilling
such an impressron should prevail, he
said, and he explained by saying:
"Supposing we dumped $15,000,000 in
stock on the market at once, It would
send its value way below par. I con
sider it a good business policy to sell
where we were sure it would bring
par and keep control of the road where
it was."
FORTY-NINE MILLIONS SOLD
Attorney Atwood asked how muoh of
the company's $285,000,000 in stocks
and bonds had thus been sold at par
since 1900.
The reply caused other attorneys for
the shippers to examine the records
that had been submitted by the com
pany.
Mr. "Blauvelt answered: "I flnd the
sum was $49,000,000 par value."
"That, sold in small dabs on the
market, or if it all could have been
sold at market prices, would have
amounted to about a third or a half
more? Half or more in addition to
that flgure, wouldn't it?"
"I don't know," replied the witness.
"I think I can help you," answered
the attorney. He read from a stock
and bond company's pamphlet, which
quoted the high and low market prices
in the period covered as between 122
and 174, with an average of about 150.
Commissioner Clements Interposed an
Inquiry that directed the questioning
along a new line, that of the uses to
which stock sale money was put, and
the possibility of actual gains of the
company being hidden in its owning
stock and bonds in subsidiary com
panies.
The controller answered this ques
tion by insisting that when the parent
company paid out maintenance costs
for subsidiary companies and the sub
sidiaries paid back dividends, those
returns were not properly sources of
income to be" considered In computing
dividends.
The commissioner asked: "Some ot
this additional property which your
company acquired was purchased by
earnings, wasn't it?"
"It was," was the reply.
"Then." interrupted Attorney Lyons,
"does the income include returns from
these outside companies?"
"No, certainly not," was the reply
of the controller. "Few of them pay
any dividends and return revenue is
consumed in payment of expenses on
their separate lines and doesn't fur
nish the parent company with any ex
cess for income."
Attorney Clifford Thorne of a far
mers' co-operative accosiation then
sought to show by the witness that
the present year's high cost of main
tenance was abnormal, ahd would not
be expected next year, hence Increase
of rates on that account was not nec
essary.
The controller did not have the spe
cific Information he sought.
WILL OFFER MEASURE TO
REGULATE TAXICAB FARES
An ordinance to regulate the prices
to be charged by taxlcabs tmy be
Introduced to the council todafr. The
ordinance is one of Councilman Greg
ory's pet measures and he believes
It should be passed without delay.
The rate he recommends Is 60 cents
for ono person for the first mile and
25 cents for each additional person
for the first mile, .making 75 cents for
one couple for the first mile. For
each succeeding mile or fraction .25
cents a mile.
PEDESTRIAN STARTS ON
WALK TO NEW YORK CITY
A. Wood, the long distance walker,
who, accompanied by his wife, walked
from Los Angeles to Seattle during
April, May and June, 1909, left Los
Angeles yesterday at 1 o'clock for New
York city, where he expectu to arrive
by January 1, 111.. Equipped with
only a few provisions, which he car
ried on his back, the sturdy, one-armed
man registered at The > Herald office
at 1 o'clock and then, after wishing
every one the best of luck, started out
North Broadway on his way to Po
mona, which point he hoped to make
early last night. .
Mr. Wood will go to San Bernardino,
then across the desert to Alberquerque,
and skirting the border of the southern
limit of winter storms, reach the At
lantic coast somewhere near Wash
ington. D. C, whence he will travel by
easy stages to New York city.
HIGHWAY COMMISSIONERS
AND ADVISERS RETICENT
Members of the highway commission
and of the advisory committee were
not prepared to say yesterday, follow
ing the submission of the report of
the investigating committee to the
board of supervisors, whether they
would follow the committee's sugges
tion and resign. The members of the
advisory committee are:
F. F. Blanchard, ,'chairman; T.
Earley, P. J. Beverldge, H. Barndollar,
A. P. Fleming, P. J. Walker, G: F.
Whiteomb, William Mulholland, A. A.
Hubbard, J. A. Anderson, E. C. Bich
owskl, Joseph Scott, J. O. Koepfll, C.
H. Plummer and Homer Hamlin. .
G. H. Blxby, J. W. Calvert and M. C.
Marsh comprise the highway commis
sion.
Chairman Blanchard of the advisory
committee stated that a meeting of
the committee doubtless would be held
at which the report of the Investigators
would be carefully considered. No step
toward calling such a meeting was tak
en yesterday. Mr. Blanchard took ex
ception to certain sections of the re
port adverse to the advisory commit
tee, but said die had not read the re
port in full and did not want to make
a statement.
DETECTIVES ASSERT THEY
ARE UNABLE TO WALK BEAT
Patrolmen Talamantes and Rico,
former detectives who were reduced to
patrolmen "for the good of the ser
vice," were the subject of an earnest
debate by the police commission last
night, when an opinion from E. R.
Young, assistant city attorney, was
read. The opinion holds that Rico
can be reduced to the ranks and made
to walk a beat if he is physically able
to do* so, because he was a patrolman
acting as detective, but that Talaman
tes cannot be reduced arbitrarily by
the police commission, because he was
regularly appointed detective.
When they were reduced the two
former detectives filed complaints with
the police board, declaring they were
unable to do work of patrolmen be
cause of physical disabilities.
BUILDING PERMITS
Following are the permits issued
since the last publication of the list,
and classified according to wards:
Permits. Values.
.Second ward 3 $ 6,050
Third ward 1 WW
Fifth ward « '°5J
Sixth ward » 650
Seventh ward 1 ■ - :5
Ninth ward ••• 1 ___
Totals " 126.420
Forty-ninth street, 339 West— B.
Veasey, 1135 West Seventh street, own
er; W. B. Housman, builder; one-story
five-room residence, $1500.
Twenty-fourth street, 2320 West—C.
W. Lutes, at lot, owner; A. O. Very,
builder; one-story one-room storehouse,
$300. I _
Thirty-seventh street, 760 East—J.
Haller, at lot, owner; Frost Ahrs,
builder; addition to residence, $200.
Maubert avenue, near Vista—George
Blessing, 1744 Maubert avenue, owner;
H. D. Aye, builder; one-story four
room residence, $1200. , _
Spring street, 138 South—E. H. Skin
ner, 644 Lucas street, owner; Universal
Repairing company, builder; altera
tions of building. $1100.
Palm drive, 2501— Constance Morris,
421 West Adams street, owner; A. 9.
Tiee, builder; two-story eight-room
residence, $7100. _
Main street, 5114 South—M. G. Todd,
351 West Forty-seventh street, owner;
to repair residence, $150.
Adams place, 2442— Margaret E. An
thony, 1019 South Olive street, owner;
Milwaukee Building company, builder;
two-story eight-room residence, $4430.
Rogers avenue, 2227— W. Williams,
2225 Rogers avenue, owner; W. R. Tut
tle, builder; one and one-half-story
six-room residence, $1500.
Rampart street, 214 North—Mrs. C.
C. Baskett, 729 College street, owner;
Ralph Hamlin, builder; two-story
eight-room residence, $4359.
Forty-ninth street, 1116 West— F.
Redmond, 258 East Vernon avenue,
owner and builder; one-story seven
room residence, $2500. '
Fifty-ninth place. 823 West— R.
Brooks, 425 North Hill street, owner*;
F. M. Moffit, builder; one-story five
room residence, $1250.
Fourteenth street, 727 East—W. I.
Wilson, 725 East Fourteenth street,
owner and builder; two-story shed,
$200.
Ruth avenue, 774— F. E. Engstrum.
Fifth and Seaton streets, owner; F.
O. Engstrum company, builder; alter
ation of building, $150.
Douglas street, 1355—James Mea
cham, at lot, owner; Hoffman & Mlttze,
builders; one-story four-room resi
dence, $500. .. s "\:.' -
- ■ -
PROTEST LIQUOR STORES
Owners of a , majority of the front
ago on Maple avenue, between Fifth
and Sixth streets, filed a protest with
the police commission last night, ask
ing that no more liquor permits be
granted in the block. The Labor Tem
ple Joins in the protest. sg ■
fa DAY DRINK HABIT
LEGAL GUARANTEEwsth
Mm
No Hypodermics Harmless
945^So.lOLIVe ST.
[ g +orm % 9W*V A-aaOZ - 4
as m i ,1-pj fur good trunk*.
f___tmait^iZ r&~4fr raveling bag*.
if~lr-~, f| , (JTy ,n* drese salt
■P -lrC~~" ~3*?i4 GoUoWhltney
Ifl/Jj G.U.Whitney
tablUhod and moat reliable trunk maauXae
later. Store and factory, tt6 South Mate i
BRILLIANT IDEAS
ABOUND IN STORE
Seven Stories of Latest Furni
ture Conceptions Shown by
California Company
Beauty and brilliancy marked the
formal opening of the new seven-story
store of the California furniture com
pany, 644 and 646 South Broadway,
yesterday. Works of art were artis
tically arranged ln the front part of
the store; there were beautiful floral
decoratlons-^one a huge horseshoe
made of flowers and typifying the good
luck sentiment of friends, and in the
evening the elaborate lighting system
in the store, with rows of .white lights
along the edge of the mezzanine floor,'
made the Interior unusually brilliant.
From the first to the top floor are
everywhere evidences of the greatest
care in tho selection of furniture that
will please all classes of purchasers.
A. H. Volgt, president and general
manager of the company, attends to
all the purchasing of the furniture and
the classification of the stock. Tho
furnishings are in every conceivable
style to accommodate the purchasers
all the way from the Washingtonlan
and Joffersonian styles to the most
modern—everything to mako a home
of. a house.
A special department is devoted to
making or changing to order all kinds
of furniture to suit the purchaser. All
conditions of furnishing a house are
complete for selection as soon as the
plans of he architect are furnished,
thus allowing the prospective home
maker to purchase furniture to con
form with the style of the home to be
built, allowing both the changing of
the furniture and the architectural
drawings to complete the general har
mony of the home. This ls an innova
tion that appeals to both the wealthy
and the less pretentious householders.
SEVEN FLOORS ARE FILLED
The building, with a floor surface of
80,000 square feet, ls fire-proof, ad
admirably lighted ln all parts and well
ventilated and ls one of the most con
venient and restful establishments for
the patrons, on the Paclflc coast. The
color scheme is that shade of green
that reflects the restfulness of the
light of the first floor. This floor is
suggestive of the furnishings of this
and all the other six floors and the
basement.
The mezzanine floor Is devoted to
the offices of the company, which are
both admirably situated for the trans
action of business and beautifully fur
nished.
. The second floor Is given ,over to
carpets, rugs, wall paper and drap
ery. The special lights reflecting on
the carpets as they are turned on
frames, make a spectacle of much In
terest, giving the true color desired.
The third floor contains the library
and living room furnishings. The great
variety Includes the reproduction of
Hcpplewhlte, Chippendale, Adam Broth
ers, American colonial and other styles,
constituting about thirty different pat- •
terns of solid mahogany. '
The fourth floor ls fitted up with
bedroom furnishings, with grand old
colonial, French and English styles to
suit the most fastidious.
The fifth floor abounds ln a great
variety of dining room furniture. Por
tions of these furnishing can be made
or changed to order to match other
furniture.
The sixth floor ls devoted to a vast
majority of office desks and chairs to
suit the financial conditions of the
purchaser.
The seventh and top floor contains
the shops for conducting drapery up
holstering and cabinet work. Seventy
people, experts ln the various lines,
are employed in these shops.
The basement is utilized for porch
and summer furniture, including reed,
willow and crex, completing ah entire
building devoted to the most up-to-date
methods of offering the best grade of
house furnishings.
a . a
Little boy—l want a dose of castor
oil.
Druggist— you want the kind you
can't taste?
Little boy (anxious to get even)—No,
sir, Its for mother.— Traveler.
FOOTHILL FARMS
NEAR THIS CITY
Have you ever hoped to have a home
of one, five or ten acreson the foot
hill slopes near Los Angeles? i
Haven't you wished that some friend
had taken you by the shoulder and
made you pick up a few acres at Holly
wood, Altadena or Rierra Madre before
they advanced from $300 up to $3000 an
acre? Those places have passed for
ever from your easy reach.
The Western Empire, California*
famous homeseekers' and rural home
journal, la now completing an organi
zation of 200 local and eastern readers
to take over 1400 acres of land at Sun
land, in the original Monte Vista val
ley. It is a mountain-hidden valley
seven miles back of Glendale. This
district surpasses Altadena or even
Redlands ln its richness and grandeur,
and is only fifteen . miles from the
Chamber of Commerce building in Loa
Angeles. . Sunland's Monte vista val
ley has the best climatic protection of
any. district on tha coast aide of th*
Sierras. Come and see it now.
John McGroarty. tbe famous poet of
our southland, says of his visit: "And
I saw a vale that day as fair a* any In
all the Land of the Heart* Desire. I
waa ashamed to think that I bad let
the years go toy and had wandered far
in quest of beauty, while all the time
Sunland's Monte Vista had been ther*
ln its ravishing loveliness juat beyond
the threshold of my door."
A few heads of famine* may Join
this organization, which secures thi*
land at a low wholesale price. improve*
lt with roadways, townsite, schools
and trolley line, and i distributes the
land to members so that the total con
to you la not one-quarter of prevailing
prices ln the open retail market. >
When this kind of land ls opened it
goea up beyond your reach The dis
trict lies in an open valley tunning
from Pasadena west to Fernando, In
cluding La Canada, La Crescenta and
Monte Vista—Sunland. Don't try to
imagine about its conditions— and
investigate. It ia only one hour from
town. "■
■ The editor of the Western Empire
haa managed the location of eight suc
cessful town projects on thla aam*
plan.
Thla la your foothill home opportun
ity. Level, rich in productivity and
water, frostless, balmy and 1500 feet
above sea level.
Dally auto btage leaves our office 10
a. m. except Sunday, returning 2 p. m.
Or special trips may be arranged. En
gage your teats ln advance. Fare fl
round trip.
Call or write at once for booklet.
i Western Empire Suburban s Farm*
association, 100 to 119 Chamber of Com
merce building, Loa Atopies California,