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The Oakley herald. [volume] (Oakley, Idaho) 1908-1961, February 17, 1911, Image 1

Image and text provided by Idaho State Historical Society

Persistent link: https://chroniclingamerica.loc.gov/lccn/sn86091130/1911-02-17/ed-1/seq-1/

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THE OAKLEY
$5
VOL 14
OAKLEY, CASSIA COUNTY, IDAHO, FRIDAY, FEB. 17, 1911.
NUMBER 52
Weeter Lumber Co., Ltd.
OF OAKLEY
Yard* at the Following Towns _
Hagerinan
Hansen
Milner
Murtaugb
Tv in Falls
Pocatello
Blackfoot
Gooding
Burley
Kimberly
Buhl
American Falls McCammon
Richfield
Jerome
Filer
Shoshone
Wendell
To Everybody Who is in Need of Any Kind of
Building Materials:
We are not intending to put a yard in
your town, for we already have one of
the best equipped yards in Cassia Coun
ty. Don't forget that your money buys
as much here as any place else. A look
ver our stock will convince you of its
e uperiority.
Yours for a business year.
\yeeter Lumber Co.
Oakley, Ida.
Telephone 6
*
COMPANY'S
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ou\ jo-iiees on ^u\nitu\e will 4ay a
lot to you 'tiÿht now-. money talkb
loud in thib bto\e. Sa\<fainb in
ledb and Seddin<f 5 eahftefo and \u<fi>.
bjilendid lody S>io64el& at §1 ujy joe>i
ya\d^ in leautijul new de^i^nb. ^
1 bjyeeial bale at%^.^^ujy
\ee ou\ th\ee \oom outffiU eomjolete at
why not ube you\ ebedit? iVb
good at the lief ^to\e w-itfv the little
jpkieeb. Suy now. jyay a little now
and then.
The D. P, Thomas Furniture Co., Oakley.
H. W. THOMPSON
Oakley Baggage and Transfer
First-Class Service Guaranteed,
LEAVE ORDERS AT OAKLEY HARDWARE
• Oakley, Idaho
E. V. GORRINGE
Successor to Gorringe & Read. Oakley
Harness and Saddlery, Whips, Spurs,
Blankets, Tents, Wagon Covers. . . .
First-class Workmanship and Material Guaranteed.
<
AnjiVvot <n the Harness Line manufactured to order. Repairing done od
the Shortest Possible Notice. Old harness traded in for new goods.
Oakley, Idaho
Those 300 Per Cent Divi
'
dends.
(Boise Statesman,)
It is high time the interstate
commerce commission got busy
on the express companies. The
commission has devoted it» én
ergie» to hectoring the railroads.
Now every time a big strike
threatens, and the engineers,
firemen, conductors, trainmen or
machinists serve notice that
they will walk out unless they
get a quick raise, the railroads
come into court and show that
if they give this raise they will
have to proportionately raise
freight rates in order to meet
the extrs cut to their employes.
Of course, the trainmen get their
raise every time, because the
railroads can't afford to suffer a
complete tie-up and allow the
country's business to b» ruined
b y stopping transportation
everywhere. When the railroads
start to raise their rate» to
meet this added cost of employ
ment the commission troths at
the mouth.
* Every reasonable man con
cedes that the railroad rate
problem is a deep one, nnd that
the railroads as well as the ship
pers have their »ide and their
rights.
But, what about these robber
express companies?
Leaving diatribe asid», let us
just take a few significant fig
ures: They prove that the ex
press companies,which are mere
ly railroad "side shows," aie a
thousand times worse than the
railroads. The truth is the rail
roads do the work but the ex
press companies get most of the
graft, 'and are guilty of worse
robberies of the public.
The Adams express company
was paying 8 per cent dividends
on practically $11,000,000 capi
talization in 1890. Its >&ctual
investment, by its own books,
was less than $1,000,000. It
really paid dividends amounting
to about 8 per cent per annum
on its actual investment. Be
sides that, it was accumulating
a surplus. That surplus amount
ing to $12,000,000 in 1890, was
distributed to its stockholders
in four per cent bonds, the $12,.
000,000 being deposited ia trust
to meet bond principal and in
terest.
At the same time, the divi
dends on American Express Co.
stock were reduced from 8 to 4
per cent. But as the stockhold
ers had been given 4 per cent
bonds, they suffered no loss.
In 1904 the dividends on stock
had mounted up to 10 per cent
per annum. The stockholders
were still drawing 4 per cent in
terest on $12,000,000 of bonds.
In 1907 another surplus of
$24,000,000 had accumulated in
the company's treasury,
was also distributed a» 4 per
cent bonds to stockholder»
Dividends on the stock have been
maintained since then at 12 per
cent per annum. In the mean
time, however, another surplus
of $25,000,000 has accumulated.
But the actual value of the com
pany's property has increased
only from $ i.,000,000 to $6,000,
00Ö. In surplus alone the com
pany has accumulated $61,000,
000. Bssides that, it has paid,
in dividends and bond interest,
another
makes a total of $110,000,000
in profits. This ha* been got
ten out of an actual investment
ever greater than $6.000,000.
t is nothing short of robbery.
Take Wells, Fargo and com
pany. , This corporation has
paid regular annual dividends of
* 10 per cent on its enormously
j watered capitalization. Besides
! doing that, in 1910 it paid an
I extra dividend of 300 per'cent.
Just try to remember that divi
dend—300 per cent!,
Other express companies have
been equally successful in rob
bing the public. Express com
panies, like railroad companies,
street car companies, telephone
companies and water companies
are strictly "public service'' cor
porations.
No "public service" corpora
tion should be permitted to rob
the public, taking profits far in
excess of value of service
Some facetious cynic once ob
served that there are three rea
sons why there is no parcels post
system in the United States—the
This
$50,000,000. This
If
W^'s-Farg 0 , American and
United States Express compan
ies.
There art many reason» why
the express companies should be
brought to an accounting.
There are many people in this
country who demand reliet.
[And the way to get relief i» for
every newspaper, great and
small, to devote a part of its
space, each issue, in demanding
it, until public opinion is aroused
to such an extent that those
having the power of relief dare
not refuse it.—E d.]
Legalized Robbery.
It is an evident fact that in
those states which fight the in
itiative and referendum the will
of the majority of the people
does not rule,as was intended in
the drafting of the American
constitution.
But they shall
rule, though now shackled and
blinded and perverted by preju
dice and plutocracy to their own
It mav not be in the
. ,, , „
f° rc * could become ideally sys
tematjzed. God grant that the
injury.
writer's time that the change
will come; it will not come by
change in the basic principle of
either et the old parties, for their
basic principle is greed and sel
fishness; it will not come by so
cialistn as now equipped, for it
is not systematized to meet im
mediate emergency. If socialism
prevailed in this country at the
next presidential and state elec
tions it would be centuries be
change may not come by anar
chy, as France's did, and as
Russia's will. Read the Boise
Statesman's able showing up of
the express-robbery situation, in
another column, and figure, it
you can, the extent of the vol
cano over which this country
slumbers.
It looks a. lot as though the
legislation looking to a higher
postal rate on magazines was a
come-back for some of the arti
cles touching topics of public in
terest which many of the maga
zines handled without gloves
recently.
Come in and Talk it Over
Most of the get-rich-quick
schemes are especially arranged
for the benefit of the other fel
low. He shows you great divi
dends (on paper) and refers pity
ingly to those shortsighted peo
ple who put their money in sav
ings banks where it only draws
4 per cent interest. Before you
allow yourself to be interested
better come in and talk it over
with us. Your interests and
ours are identical, your prosper,
ity means ours, we cannot afford
to advise you wrong. The get
rich-quick fellow has no interest
in you save to get your money
and to this end he makes the
scheme very alluring and promi
ses things impossible to perform.
Your money in this bank is safe,
absolutely sate, and before you
withdraw it to invest in any
thing, you ehould take every
possible precaution against loss.
Let us talk it over with
you
first, then you can do as you
please.
We pay 4 per cent on savings
deposits and compound the in
terest quarterly.
Farmers Commercial & Say
ing Bank, Oakley Idaho.
Near Little Basin, Messrs.
Beclke and Fairchild ars opening
up their quarries of first class
marble. Other parties are doing
some extensive development
work on quartz claims. Messrs.
Tatro and Feder have from 600
to 800 feet of tunnelling drifting
with improvement in indica
tions. The Bemis Bros, and Mr.
Chapman are pushing ahead.
Many prospects are being repre
sented here and there, and there
i a a n increasing interest a 11
around.—Nugget.
Last September Î^C 1 ^
to hold good until further notice: Tomatoes,Corn,
Peas and Beans, 10c per can; Oysters, 10c and
20c per can; Sardines. 5c and 10 q per can; Sego
Milk, 5o and 10c per can; Kingsford's Corn, and
Silver Gloss, Starch, at lOc per package; Kellogg's
Corn Flakes. 10c per package; Walter Baker's
Chocolate, 20c. per cake. These prices have net
been withdrawn. Please remember that
never undersold, quality considered, and that
your children can do just as well as you can.
we are
TERMS CASH.
price's.
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REGRETS don't bring money back to you when it
has burned up or wlien you have fooled it away. It
takes WORK to do this
Put your money in our bank and it can't burn up,
aud you won't fool it away.
MAKE OUR BANK YOUR BANK.
The Old Reliable,
THE OAKLEY STATE BANK.
The Bank with the Backing.'
44
Milner Drug Co.
Milner, Idaho
When in Milner make it a point
to call on us.
We carry a complete line of
Drugs, Candies, Toilets, Etc.
Sarah E. Lynch
Milner, Idaho.
BOARD AND LODGING
Meals at all Hours
Good Home Cooking
RATES REASONABLE
WE DEAL IN QUALITY!
If you want good goods at right
prices, trade with us.
We handle a complete line of sta
ple Groceries, Hardware, American
Fence, Stoves, Ranges, Etc.
Longenberger & Belmont Co.
Milner, Idaho.
Hotel Grinnell
Milner, Idaho
James Tada, Prop.
Good Meals and Comfort.
able Rooms
Good Service and Courte
ous Attention
Meals at all hours.

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