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The Inter Ocean from Chicago, Illinois • Page 7

Publication:
The Inter Oceani
Location:
Chicago, Illinois
Issue Date:
Page:
7
Extracted Article Text (OCR)

,7 NEV7S FOR INVESTORS New Issue of $41,216,000 of Pcnn-J sylvania Railroad Stock Is Made to Supply Funds for Extensive Improvement Work. IRON CONDITIONS IN SOUTH REPORTED UNFAVORABLE President of Sheffield Plant Says Demand Is Very Light, With No Improvement in Sight -Western Maryland's Earnings Decrease. BY R. R. ATKTTTtSO.

Special Dispatch to The InUr Ocesa. KEW YORK, April 12. Directors of the Pennsylvania railroad today authorised an increase of 10 per cent of the capital of the company. This issue will amount to $41,218,000, and will raise the total capital of the road to The authorized capital is $000,000,000. The stock is issued to shareholders of record May 5, and can be paid for in two ivst allnieuts of 50 pef cent each, on May 31 and on Aug.

31. The purpose of the proceeds of this stock' issue is to provide for maturing obligations and to supply funds for some extensive work which Pennsylvania has in its 1011 program. Probably the most costly will be the new Broad street station in Philadelphia. Other project have to do with additional trackage facilities, new freight yards and terminals and new equipment. The last stock Uaue by the Pennsylvania was about two years ago.

Selling of Pennsylvania stock against purchases of the rights-on the new stock issue of $11,000,000 carried it down to about the low price of the year. The rights were qnoted at 2. They will ccme off on May 5. The incrt-ase in stock will raie Pennsylvania's dividend I requirements about $,500,000 a year, but this will be partially offset by a reduction in fixed charges, as; part of the new issue is take up maturing obligations. iros roumos ir south.

J. C. Maben. president of the Sloss-Bhettield Steel anil Iron company, is here from Hirmingham. When asked to iron conJitions in the Siuth mil the future outlook, Mr.

Maben said: "Comlitions at the present time are anything but favorable. The iron industry Is a state of uncertainty and rill continue so until the many uncertainties, including the. Supreme court decisions and a definite idea of what Congress intends to do in its present session in the matter of tariff revisionare out of the way. -In the South the iron industry is a loggard. The demand is nothing to apeak of.

although we are disposing of a comparatively large aggregate tonnage each month, made up of small lots. But taking the situations a whole, there is nothing that 1 ran see that would tend to Improve conditions. to ahy-graatx-tent over the next few months, at least. "Slos now has 103,000 tons of pig iron stacked up in its yards, the largest tonnage ever reported, which indicates the stagnant condition of the iron market over the last several months. However, we are operating at low cost and can now tnrn out iron below $9 a ton on an average.

We have four blast furnaces in operation, and these four furnaces are turning out more iron at present than was produced by five furnaces previously. One of our furnaces, the smallest one we are operating, which is on the eighth year of blast on the same lining, averaged 242 tons a day during March. "As to earnings, it was generally expected that our first quarter would not how up favorably. However, we earned our preferred dividend and showed a mall surplus after its payment. "The future Is uncertain for-the iron trade.

All we can do is to hope for the best." WBSTEHS MRY1Y4SDS BAHXHtH. With coal traffic 30 per cert below normal, the Western Maryland railway's gross earnings for March show a decrease of $93,000 as compared with March. 1910. For the fourth week of March the decrease waa $13,000. For the nine-months from Juiy to March 31, this year, total gross revenues were $5,374,000, against 5,000 last jear, an increase of $156,000, or 3.5S per cent.

Under normal coal traffic condition the company's gross for March should HEALTH Mate. Hebe's Was veers to eovrespoad-s1 appear la The lially later Oeeaa aad Thursdays and la the "Woaiaa's Maaasiae each Saaday. If a personal reals' Is desired, stamped aad ael'-aaldreaaed ea ve lope saast se seat. Jonquil: Ton are welcome to any formula I have, or as many of them as you wish to use. Writ me more fully, telling me Just what you wish to accomplish, and 1 will send you what will prove helpful.

Do not make the mistake of undertaking too much at ace. In beauty matters on caa usually accomplish more if the baste Is made slowly. Get the benefit of one remedy before applying another. Keep your skin soft and fine, give it the best of csre. and you will probably be dotng all that is necessary to rets la your good looks.

A touch of rouge to year cheeks Is permissible if you are very careful to avoid too much color, which gives as sisstarnl appearance and spoil an other wise pretty face? Myrtle: I in glad yon are finding such 4 resalts front the suggestions i ray, yon. fiUcardieg the lien all. yoa caa take It ia aay atedtaas that sails your taste. A table-apsssful of oil is a more agreeable eombina-t to aosae persona, aad If yoa will follow dose with a bite at erlsp cracker It will aCsve to destroy the oily taste. If any should bo left la year month.

Yoa understood my ewer to i he other inquiry correctly. Acne as a be eared by the proper remedies aad tHe a DON'T DE WlUtovt the aid of oar slot or eaerelae wtist-ai-l hooN-OLA la transforming masses if fAT Me SITFERB HUMAN BtrNOS. No ZLiJLlr seed ro wltooot sasltb-rlvfna Saoa nits the heart by strenuous exercises oL iSVXJStSTtbi taesl principle of attaining siiliurssarTlng a perfect flg-ur sod perfect health. BOUN-OLA. crested and sdentlftcally prepared Booss.

M. Ph. Is sot a rJassaU-el theory it baaed aaoa akoolately correct. riENTli-lc FACTS. yoa will take BOON-OLA foe a few weeks we wiii promise tmi such a wooderfol physloloal- cai redaction an4 auch a degree or vlaorous heaf.B as to forever ecsvtace yoa of the foil sod dan-.

ger remaisine fat We wHl etao. yoa free detailed Information a boat oov wet i riatijy if rod write fr t. fiend sa avnney. (Mmr.lr your height, weieht ar4 ar. 1 EarlwTi M-ff ro Vr' r.

FA" have been to the neighborhood of which would have represented an Increase of approximately $70,000 over the resalts of a year ago. All soft coal reads are feeling the adverse effects of the unsatisfactory conditions in the bituminous trade, and the Western Maryland is suffering with the others, although not perhaps to as great an extent. Average monthly earnings on the common stock of the American Smelting and Kefiaiag company for the fiscal year to date are at abmit the rate of last year's earnings, which- were equivalent to 7.09 per cent on the common. The fiscal yeaof enas April 30, ana the-' annual report which the company will make will be the most complete statement it has ever issued, according to those who. a re in touch with affairs.

The Am rican Smelting and Refining company has ccme in for mock criticism in the past because of the meagerness of yearly re- to its shareholders, and a full and rank statement would meet with widespread approbation. BBTHLBHBMI tTBEL BOXDS STROXG. The recent' strength of Bethlehem Steel bonds' Is due to reports of a refunding plan which will be announced in the near future. The 'Bethlehem Steel corporation ia operating about 90 per cent of capacity. While earnings continue to compare favorably with last year, there has been a falling off in new orders since the first of the It is believed, however, that this Is but temporary.

At the Gary plant of the United States Steel corporation they have started to produce coke. The plant's capacity for this by-product, wbk'h is made of bituminous coal, is 2,500,000 tons a year. In time the saving effected by this economy of the Steel corporation ought to make some interesting reading in its annual report, if it is true that it tikes a ton and a half of coke to produce a ton of pig Iron. The Chicago dt Northwestern has practically completed the placing of a contract with the American Locomotive company for about thirty locomotives. CLEARING HOUSE TO STOP FRAUDS IN COTTON LADING Litrrposl Bi era 4 Anrrtraa Bwak-ere Airree I poa l'Ua fwr a Central Office." Buefial Frtmtch to The Inter Ocean.

NEW 12. The establishment of a "central office" or clearing bouse In this city fs the latest plan evolved as a means of settling the long existing differences over tills of lading between American shippers an European buyers of raw cotton. Representatives of the subcommittee of I tin- bills of lading committee of the Araer- Bankers' association held a protracted rneeting here today with traffic agents of the South and Southwestern railroads and with European interests as represented by a i member of the Liverpool bills of lading cot- I ton conference. The plan adopted was proposed by the Liverpool cotton buyers. Local bankers are of the: opinion that Its acceptance will point a definite way out of existing difficulties and obviate the "bank guarantee" originally demanded by London and continental bankers after the issuance last year of a number of forged bills of lading by Southern cotton brokers.

Today's meet lug was deemed expedient in order to formulate plans "which would make I possible to handle the coifing cotton crop without friction." and a committee was appelated to outline a system under which the proposed "central office" may be established, giving all factions representation. Among railroads represented were the Rock Island. Illinois Ceatral. Louisville A Nash 11 le. AJ la 1 1 Coast Lis e.

8ea boar 4. Air Line. Southern Railway and Missouri, Kansas Texas. C'ottaa Fraad Sealraee Withheld. ABERDEEN.

April 12. Contrary to expectations, sentence was not passed today on J. H. Miller. L.

C. Steel and C. P. Linde. members of the suspended firm of Steele, Miller a who were declared guilty yesterday of misusing the malls In negotiating fraudulent cotton bills of lading.

Sentence probably will be pronounced by Judge Nlles tomorrow. WHITEHEAD FIRM DECLARED INSOLVENT BY CREDITORS Haeblse Sastaly Dealers Are Said to Have Violated BaaUruetey Law Receiver Ia Earned. Charges that the Joseph H. Whitehead company. 12 North Jefferson street, dealers in machinists', mill and railway supplies, has been Insolvent for four months and that ths firm has paid more Lhsa $6,500 to certain creditors.

In violation of ths backrnptcy laws, are made la a petltloa tiled la the United States District court yesterday. The Corbin Screw eorporattoa asd others charge that the Arm is Insolvent, and upon their application Judge Carpenter appointed Edwin Buell receiver. The screw corporation has a elatm of 13,869.58. I. P.

Jones has a claim of $27. the B. C. Manufacturing company $149 and Perlo-lat Bros, have a claim for $3.54. The petitioners aver that the concern on March 22 transferred ta the H.

O. Thompson A Sob company property valued at $1,500 and to other creditors property valued at more than $3,000. I I THE INTER: OCE2i, TnURSDAT MORNING, APRII 13, 191 1. AND BEAUTY HINTS. BYHME.

HEBE. right treatment, and dosing medicine. Ton are welcome to the information you ask for. but I will need a self-addressed and stamped envelope in order to give It to you, and also the address for the remedies. Tou can use them at home with the directioaa given.

Marjory: Tour case calls for the Immediate application of the hair tonle to remove that thick dandruff, and also for the shampoo preparation which will help to cleanse the scalp and hair without drying the substance out of them. I cannot recommend anything better or that will brtag quicker results, and these two preparations have proved good in many cases similar to yours. Putting preparation ia the eyes to make them bright is very apt to end in Injuring the sight and otherwise harming the eyes. I will tell yoa of a safe and efficient eye tonle when jou send to me for the personal reply, and will also gl T'O directions for pro-eurtag the hair tonie which will "grow hair to cover those thin spots on your temples" aad cure the troublesome dArdruff. Subscriber: Massage of the scalp la very beneficial la promoting the circulation and increasing the action of the hair follicles.

Vigorous brushing is not commendable where there la the slightest Irritation of the scalp. Brushing should be brisk in order ta give a reasonable amount at surface friction, bat should never.be carried to the extreme, even an the healthiest scalp. Massage consists of pressing- the finger tips firmly oa the sealp with the fingers separated, a little. Move tna seals la a rotary motion, describing a dosen small circles, then change the nagera to another place aad go through the same motion again. Continue this treatment until the entire acalp has been massaged aad then apply the tonle.

Do not pat oil on your scalp. It will be worse than useless. Cse a tonlo that will cleaase Instead nf clogging the pores aad one that wilt stlmolsta tna scalp to better action aad help to make the hair grew. I will give yoa the address yoa require when I hear from yoa again. v.

Mrs. Cora Intelligent care of the feat indoles frequent ehaagea ot the hose and shoes, ss well as frequent bathing. The shoes should bo Well aired and sunned and occasionally dried thoroughly by artificial heat, as they collect molstare and become very damp and unhealthy. To sun tbesboes. tvra tack Ue as lir si 1 set CHICAGOAS LOSE HI GRAIN RATE CASE Interstate Commerce Commission Declines to Make Any Reduction in Tariffs to Eastern Points and Carriers Are Sustained BOARD OF TRADE ALLEGED ALL-RAIL DISCRIMINATION Plaintiffs Contended That Roads Showed Favoritism as Against the Water-and-Rail Route From Chicago to Atlantic Coast.

Special Dispatch to Ta inter Oeeaa. WASHINGTON, D. CL. April 12. In a decl-' slon this afternoon the Interstate commerce commission declined to make any reduction la what are known aa ex-lake grain rate from Buffalo.

N. to Eastern destinations, either on domestic or export traffic. The proceeding, pending for many months, was Instituted by the Chicago board of trade against the Atlantic City Railroad com pan and many other Eastern carriers, and by the New York produce exchange against the Now York Central A Hudson River railroad and others. The complaints were not consolidated, but -were heard together and are covered by a single opinion prepared by Com- ntirsioner Prouty. Both complainants attacked the reason- abieness of the ratea on grain received at Buffalo by water from the West and shipped by rail from Buffalo to Eastern points.

In the one case for domestic consumption and la the other for export. Coateattoa of Chfeaspooaa. The Chicago board of trade maintained that the present rates divert traffic from the water-and-rall route to the all rail route, resulting In oniue prejudice against Chicago. The complainant urged that In charging a higher rate on ex-lake grain from Buffalo to the East than Buffalo to the same destinations when the grain "moved by the all rail route the carriers were guilty of unjust discrimination agalast the lake grain and, therefore, against Chicago. The defendants replied that their ex-lake rate from Buffalo to Boston, for Instance, was reasonable; that the rate from Chicago to Boston was competitive, and that the division of the Buffalo to Boston rate acceptable as tha Drice of eceaainc in thia business ought not to be used as a standard to measure the reasonableness of their cx-.

rate from Buffalo. Carriers Are ftaatalatd. The commission took the view of the carriers, pointing out that manifestly the lake and rail rate from Chicago to the East was reasonable and. In addition, it is materially lower than the all rail rate. Substantially the same arguments applied to the 'export traffic rates to Eastern ports.

It waa decided, therefore, to dismiss both complaints and leave the rates as they now exist. Ta Use Rates Bel aa Coasidrre-a Whether so-called "tap lines" bhall enjoy the privilege of through routes aad Joint ratea with Interstate carriers Is a problem that the commerce commission Is endeavoring to solve. The final stages of the proceedings were reached today, when oral arguments were began before the commission. Several months ago interstate railways, apparently through concerted action, cancelled the arrangements they theretofore had with the tap lines, by which the latter were given a division of through ratea and the privilege through routes from and to points on 4ho tav Attorneys for tap lines maintain that their clients are common carriers, while, ia a broad sense, counsel tor the railways insist that many. If not all, of the tap lines ars merely plant facilities and not entitled to consideration as Interstate carriers.

The principle Involved In the proceeding la regarded aa vitally Important, aa It affects materially freight rates, especially oa lumber, throughout the country. TWELVE FACE 0LE0 CHARGES. Jaka 8. Dadle, Soa-lav-Law of Foresee Ceagressaiaa, Pleads So Gallty. John S.

Dadle. son-in-law of former Congressman William the butterine manufacturer, and eleven other men who were indicted by the federal grand Jury charged with "oleo moonshlnlng." went before Judge K. M. Landls in the United States District court yesterday morning and entered pleas of not guilty to theMrne bills. The defendants were represented by Attorneys El-brldge Hanecy and William S.

Forrest. Assistant District Attorney Robert W. Cbilds was present for the government. Attorney Haaeey sought to have the government disclose which of the men is be tried Bret and what witnesses arc to be called, bat Assistant District Attorney ChlMs refused to reveal this, and the matter Anally went ever until next Saturday morning to give the government's attorney time in which to consult the law regarding it. Ta Halt Weiarat Thievery.

DES MOINES. Iowa. April IS. The Sea-ate today passed the Miller bill, providing; that the state food aad dairy department shall inspect the scales and measures of Iowa and see that they are correct. The rata waa unanimous.

the shoes where the sun will shine Into them and the air reach them athe same time. If the feet are inclined to burn aad swell or grow tender and psiofal. there Is a remedy which is very prompt in giving relief and very easy to aa well as inexpensive. Tou may have the address for the stsmged and self-addressed envelope necessary for a per sonal reply. A New Reader: No depilatory will destroy the hair roots la one application.

It will remove the hair when once applied, but requires, many applications before It weskens the roots of the hair so that the growth be gins' to disappear. A safe depilatory, and one which will not Irritate the skin, can be used as often as necessary to remove the hair, and Is much less expensive than the eleetrle treatment. Ton are welcome to the address where yoa caa procure what you need. Subscriber: Ton ars mixing np character lines and wrinkles ta an inextricable puxxle, aad I cannot solve it for yon without a clearer understanding of your ease. These are certain Hoes which are formed la the fase by tha expression and theaa cannot be Bsae-saaed oat.

although they mar be modified by regular massage with a good building eream end by the occasional ase of wrinkle plasters. Wrinkles that have formed from tha deple tion of the tissues can be removed by taa aaa of the building cream. tha wrinkles are caused by stretching tha akin or a relaxed condition, a.toala lotion ts the beet remedy. Explain mora clearly just what tha lines In your face look like and where ttey are lo cated, aad will try to give yew sosie neip tul advice. Elva Mariai Plmales can bo cured.

If tha proper external remedies are applied and nsuer met proper airecuens. jjosiag isavi tela is seldom helpful in caaea of acne which is tha real name for your trouble. There la no reason why yon cannot be benefited, and yoa are welcome to information about the remedies which are suitable to your needs If yoa will send the self-addressed and stamped envelop for a personal reply. Witch-easel Is not tha curative lotion yon have been led to suppose, It is a slight aatrlngsat. Is cooling and soothing; and will In time refine the sklnbnt otherwise has nn specific action on the complexion.

It Is useful la some lotions, but will not what yoa expect It to. If you use it for City yean. CAK BANKERS BANKRUPTCY COURT Creditors File Petitions Aggregat ing $13,500,000 Against Three Of fcials of Failed Trust Company Receiver Gives $100,000 Bond. WILUAM CUMMINS ONE OF RESPONDENTS Nashville Man Was leading Di rector in Concern Which Sus pended' Following Robin Frauds His Liabilities Are $3,000,000. Special pissatch to The Inter Oeeaa.

NEW YOEK. April U. Threa.lnToluntary petitions ln bankruptcy, aggregating SU 60S.OOO. were filed hero today against three officers of the failed Carnegie Trust com pany, now In the bands of the state superintendent of banks. The respoadenteare Wil liam J.

Cummins, one of the leading directors of the trust company; Charles Arthur Moore, and Martin J. Condon, directors. Their financial status la given la the peti tions as: Cummins. liabilities. $5,000,000 and assets.

Jfltt.OCo: Moore, liabilities of 12.000.- 000 aad assets of Condon, liabili ties of 16.600,000 aad assets of ow.ouu. Parson Merrill was namea receiver tor an three under bond of SlOO.OGa. Onlv three Detitlonin creditors are named. which is all the law requires, but their law yers said that many more are associaiea with them. The creditors) who appear are Hermann C.

Brewster. l0.O0; Herbert tiai-field S9.S44. and James 8. Watson, I80.0C0, all for money loaned. Allea-es laveat lo Delraa.

Thev alleae acainst Cummins In their pe tition that preferential payments have been made since he became insolvent, and that there has been- traasfer and concealment ot considerable property with intent to hinder, delay and defraud creditors. The lawyers for tha creditors are Samuel J. Koeaig. formerly secretary of state for New York, and Parsons. Clossoa dt Mcll-vaiae.

Koenig said today that the actions filed bv him and his associates were not brought against the respondents as directors ia the Carnegie Trust company, but as individuals. "These claims have been presented for pay be continued, and tnougn not re fused, nevertheless, they have not been paid. Hecauae all three of the respondents were connected with the Carnegie Trust company, whore condition we all know. It was decided to put them into bankruptcy to show what their exact assets are and to protect all creditors. Creditors Are Ssswroa.

"The creditors are numerous, and their claims will aggregate certainly SS.0C0.003 and probably more, la order to protect themselves fully they have filed In acme Instances duplicate claims, which accounts for the larger aggregate amount appearing in the papers." Payson Merrill, the receiver, said he knew absolutely of the nature or the intent of the proceedings beyond the fact that he had been appointed receiver. Mr. Cummins la In Nashville. his home. Mr.

Condon said at his offices he would have no statement to Mr. Moore is understood to be In Rome, Haly, where his father is so seriously III that bo baa not been Informed of the complications la which his son baa been entangled since the failure of the Carnegie Trust company, xri Beaides being a diroctos of Trust company. Martin J. Condoa la president and director of the American SnoaT company, one of the subsidiaries of tha American Tobacco compaay. i Charles A.

Moore. is a son of the presl-t dent of Manning, Maxwell dt Moore, one of the largest makers of machinery ta the country. He waa formerly secretary and a director of the compaay, box resigned within the last two months. Rebla fieara Baek oC Fallare. The Carnegie Trust company, long oa the edge of failure, was thrust over the preci pice by the failure aad Indictment ot Joseph O.

Robin, president of the Washington Sav ings bank and aa officer efbeely connected with the Northern Bank ot New York, which also failed. The publication of proceedings taken by the State banking department against those two banks showed that Robin, who had formerly been a director of the Carnegie, had given his paper for large amounts even after his resignation, and the mere shadow of his name waa sufficient to being oa a ran which the bank could not withstand. tall It Frlostdrs- Lltlsratioa. NASHVILLE. Teun.

April 11. This la friendly declared William J. Cummlaa today when he read the dispatch telling of tha institution of involuntary bankruptcy proceedings agalast him. "My lawyer. Tompkins Mclrvarne.

notified me last night that the proceedings were to be instituted. This litigation la designed to bead off several potty bankruptcy lawyers from taking auch a atep. "A man can't keen from being thrown Into bankruptcy, aad ever since the Carnegie WILL GIVE MONOLOGUES. It ii4 aj "Spring Quest day" win be Observed by tha Lake View Woman's dab Taesday afternoon at Ifartiae's. 3712 Hampden court.

Mrs. Joseph C. Bolter, 6Z2 Demlog place, chair man of the social department, will have charge or the program, which will include monologues aad to muaie by Mrs Lillian Woodward Street. A program ot orchestral numbers will be given by the Smith sisters. The decorations will be la spring flowers and the luncheon which will follow in spring colors.

Every man. native or foreign bofn, should get a to tir.oke WW. i XVU II 'Af AM i II I If) leavenlna li' his trait and 1 ncss at food sTOin Trust company waa closed several little lawyers up there have been trying to get together sufficient claims to throw both me and Mr. Condon Into bankruptcy, but we have beat them to it. "Nearly all my Indebtedness has been settled.

The Piatt Iron works Is In the hands of a creditors' committee; the Tennessee Packing aad Stock Yards company la In the hands of a friendly receivership, nnd the loan made to na by Mr. Carnegie has been extended two years. Mr. Carnegie also told me and Mr. Condon that If we couldn't pay at the end ot that time, even farther time would bo given.

"Mr indebtedness now Is only about 000 or 1600.000. and some $300,000 bank stock Is up aa collateral for this. What we want la a creditors' committee, which I am Informed will be named next Monday. COAL MINE RECEIVER IS NAMED. Co art Aetlsa la to Col lee ad as sweat of BiaoMM proas Cotratovatlost.

ACQCSTA. Maine. April It. Frank L. Dutton of thia city has been appointed receiver of the Bon Air Coal aad Iron company, a Maine 15.000.000 corporation, which operatea coal and Iron mines in Tennessee.

The appointment waa made on petition of Clarence Jfiousman of New York city aad grew out of a suit brought by w. Hotchklas against the corporation. In which ho received Judgment for SIM .600. An attempt is to be made to enforce the Judgment through receivership proceedings. 500 MILES OF CARPET COMING WEST ON SPECIAL OF 60 CARS; Shtaaseat for Saw 1'raaeliee Is Worth 1 ,000.000 aad la the Most Valuable Ever Special Dtspakrh to Tsa later Oeeaa.

NEW YORK. April 13. Five hundred miles of carpet are to be shipped tomorrow from this city to San Francisco on a special freight train of sixty cars. Tha shipment weighs 1.500.000 pounds. Is worth 1 1.000, 000 and la the largest and most valuable single ship ment ever made.

Its manufacture required the labor or 8.000 workers for eight daya, equivalent to one day'a work to? 64.000 operatives. It would cover a single width strip rrora New York ta Buffalo, thence to Niagara Falls and lap well over Into Canada. LARGE COAL CONSOLIDATION: I Kestseky MtalasT eaves' atasbrac Oatset ef leeWO Teas a Tear. LOUISVILLE. April It Negotia tions for the consolidation of several coal companies in eastern Kentucky, which rep resent a value oL about S3.000.O00.

aad an b-v' out put of about 1 .600,000 tone, are being brought to a close here, according to a statement made today by P. N. Clark, owe of those Interested In the project. Tne con solidation, according to Mr. Clark, will bo brought about by Kentucky and Tennessee ca Dltslls s.

Among the companies to be eoa- aolidated are the Continental Coal corpora tion. Straight Creek Coal and Coke company. Straight Creek Coal Mlaiag company. Left Fork Coal eompany. Wallsend Coal and Coke compaay and ethers.

Nearly all of the mines are In Bell county. Kentucky. BID FOR TWO REVENUE CUTTERS Sewyert Cosapaay Offers to Batld Sains la a Tear foe-n47MX0-WASHTNCTOK. D. t.

April IX. The New port News Shipbuilding aad Dry Dock eom- nanv la the on IT bidder I or tne conaxrucrion ot two revenue cutters auiuorisea dt ue last ConsTeoa. The compaay a bid of 14 s.oeo to deliver both ships complete on April It, 1913. was opened at the Treasury Department todav. Tha eoaananya dm la ior one shin or S47C.000 for both.

Congress has ap propriated $250,000 tor each vessel. The Treasury Department raiiea to gei otas a nw months ago because no shipyard would bid within tha appropriation on account of the eight hour labor specification which was imposed by Congress. COOKING AND SERVING. Salaaeh Salad. ni mm balled anlnach fine, season well with salt, pepper aad a little nutmeg aa 1 mold In amall caps.

When cold and formed tra nut on lettuce leaves, and garnish with hard boiled eggs sliced or the yolks of hsrd boiled eggs run tnrougn a rtcer. nerve wits mayonnaise. Strips of Spanish red peppers may be used tor garnishing In place of the eggs. The nutmeg can be omitted if distasteful, but most people find it an attractive ad dition. nhrlssp alad.

Add to" the contents of one can of shrimps an equal amount of crisp whits celery cut ta small pieces. Mix with a cream or mayonnaise dressing. Place a thick slice of tomato oa a crisp lettuce heaf. and a mound of the salad mixture on tho tomato. Doeorate with a few atuffed ellves oa each serving and top with a spoonful et tha mayonnaise, If ripe tomatoes are too expensive or not obtal sable at this season tha salad may ba served oa tomato Jelly cat la thick slices or molded In tha form at cups.

Toaaato Jelly. To snake tne tomato Jelly salad soak a quarter cupful ot gelatin ta tha same amount of cold water. When softened pat into saaco pan with a capful of strained tomato, a quarter eupful of eold water, a teaspooarul of aalt, tha same amouat of onion Juice, a table-spoonful of tarragon vinegar aad a quarter ot white pepper. Stir over tha fire until tha gelatin is dissolved, but not a moment longer, turn at once Into egg eupa or small molds aad sat away to harden. Stirs oa lettuce leaves with mayoanatse, Tosaalo gated With Vartattoas, Have as may hollowed oat tomatoes or iaoidedrtomatoee as there are guests to serve and set each In a crisp lettuce leaf.

Ia tha bottom ot tha tomato cup spread a thin layer of aschevy ar caviare. Upon this lay a half at an egg that has been deviled and with this three little silvery sardines. Sprinkle with pieces ot green pepper, cut fine and dress with mayonaalee. Dreselsae for Frwlt Salads. There Is a large variety of dressings considered appropriate for fruit salads.

Boiled frosting Is perhaps one of the moat popular foundations, with varying flavors of trait, ate Sugar and lemon Juice, sugar and frnlt Juice, belled custard, plain whipped cream sweetened and flavored are all used, as well ssa rooked dressing made in this way: Add to tte cf Isjr ers, well two i Mfeifltiiiii Mill (i riflj rum ifMii! i i0m mo Dixrc. vhclcst3iiic i enent avMcIi ninlics the calce of Moncst ncalCiIiil- medlam cost almxio whlcH ts tne dietary danger ot tile days BIG TELEPHONE DEAL AFFECTS FIVE STATES Chicago Is Made Operating Headquarters for Bell Business in Illinois, Indiana, Ohio, Michigan and Wisconsin. Through a telephone deal announced yesterday, the largest telephone operating headquarters In the country will bo centered In Chicago. By changes now being made in telephone companies operating in the Cen-tral West, Chicago la to become the headquarters of the Bell business for five states Illinois, Indiana, Ohio. Michigan' and Wisconsin.

no consolidation of the companies ia Indicated, the efcecative offices and staff, located here, will direct the operations of the telephone Interests In the states named. The final step in bringing about this arrangement was recently taken in Detroit, and by it the Michigan lines were added to the list. Bibbard May Leave Chteasro. A. S.

Hibbard. now vice president and gen- i era! manager of the Chicago Telephone com- pany, will be the only officer to leave that I company. He has been appointed to the stall of T. N. Vail, president of the American Tel- ephone and Telegraph eompany, which Is the combined wire service corporation ot the United States.

Mr. Hibbard's new field will arreatiy widen his work. It will connect him with the American Telephone aad Telegraph company, the Western Union Telegraph com pany aad the varioua Bell companies throughout the country. Following the announcement of Mr. Hib-bard'a new position, he was asked at his offices yesterday whether be would move from Chicago.

"I cannot tell at this time wnetner or not I shall be compelled to leave Chicago. said Mr. Hibbard. The new duties I am to as inine will decide that for me. It I caa take charge of my work here In Chicago I weiiee-nsain.

bat If not, rahaO move to New York-1 doa't want to leave I caa help Saaary Hesaalae Presldeal. B. E- Sunny will remain president of tha Chicago Telephone company and will also bo president of the Central Union Telephone company, operating In Illinois, Indiana aad Ohio; the Wisconsin Telephone eompany and the Michigan State Telephoae compaay. L. O.

Richardson of Indianapolis- becomes -rice president and general counsel. A ion so Burt becomes vice president nad treasurer, while B. W. Trafford and H. F.

Hill, general managers of the Michigan State Telephone company and the Ceatral Union Telephone company, will become vice presidents, with Jurisdiction over the five states. B. 8. Garvey becomes the general auditor and 3. 0.

Wcay the chief engineer. N. Kingsbury, now vice president of the American Telephone nnd Telegraph company, and formerly president of the Michigan State Telephoae compaay. will devote his entire time ta the work of the former company. PAY THEIB TAXES.

aia-Koot Rash of Tear Oesrara at Cessty Treasarer's Off Icq. The biggest tax rrsk ot ths year made tlvely affairs tn the county treasurer's office yesterdsy. It was estimated by officials that aaa tfimle 1 eat ate sad special assessment taxes in the course of the day. cKm. tha ft waa aal if waa a re sult at the dosing of the office on account at nlmw all(aA TflMAf The 30 feet at counter where bills were checked sp sod payments received was lined four, five and six deep with taxpayers.

Among thesawera men. women aad children. 2r EMMA 'PADDOCK TELFORD. spoonfuls of sugar, one tsblespoonful of butter, one-hslf tesspoontul ot salt, a pinch ot cayenne and tour tatlespoeofuls of vinegar. Cook In a double boiler, stirring constantly aad cooking rather slowly'to prevent curdling.

Let this get thoroughly eold end Just before serving add one plat ot whipped cream unsweetened. Mix well and pour over the Gotdea Dresslaar. Beat two eggs, add a quarter cupful of aay light colored fruit Juice, a quarter cupful lemon Juice and a quarter cupful of sugar. Put in boiler, stir until thickened, cool aad' pour over sliced fruit. Fralt Salad.

For the salad Itself all aorta of combinations are possible. Malsga grapes cut In halves, seeded and mixed with a third of tha amine nnanlltv af shelled DM1SS. is OOe happy, mixture. Pineapples, oranges aad rbsnanas go well together; as also pitted rip sour, cherries with nuts, ortnge, lettuce, lemon, nuts and water cress are con genial companions, wane preservea ir mar bo aaed. with fresh fruit.

Prunes are delicious In a salad, staffing them with nats or cheese and covering with mayonnaise. Tha prunes should bo washed, soaked over night, then cooked until tender before pitting. s-raatesi naiad, Put Into a bawl ons' capful orange slices, one eupful aaeh banaaas and pineapple, ona eupful mayoanalae, ona eupful cream, measured before whipping, and teaspoonfal gelatin that baa beea aoftened In eold water, then dissolved over hot water. Toss lightly, piece la a mold and treexe. When froien, eat la slices aad serve on let ace leaves.

Wales- fully aalael. Select perfect lettuce leavea aad arraags ia circles on a large platter or oa individual plates. Cat hard boiled eggs Into halves, remove tha yolks and cat tha whites Into petals shaped like water lilies. Arrange these strips In the center of the lettuce leavea (which aimulate lily pads, ta form a circle, leaving a small elreular opening in tha middle. Thea put In a second row of petals, placing tha pieces between those In the first cir cle.

Lastly press tha egg yolka through a rtcer. heaping them la the center of the white petals. ts represent the heart of taa my Pass a bowl ot mayoanalae with tha salad or heap lightly on the surface. FUIs Chowder. Bsss and cod are the best CsJi for chowder, tat otter fish can Clean the Csh for and els tha the to on -of Is.

to of ta i i i nry. hi iiill ill dc tjreatest EARHIHGS-OF PIANO American Merger Concern Reports Income of 6.45 Per Cent on Stock After Payment of 7 Per CentDiv idend on Preferred. oporial nspsteh to The later Or ten. NEW YORK. April It For the year ended Dec XL 1310, the American Piano company earned (-45 per cent on the S3.lffl.O00 out standing stock, after payment ot 7 per cent dividend on tha preferred stock.

This compares with S-25 per cent earned on the com man in 1909. while for the nix months front June SO to Dec. SL 1908, esrnlnga were at the -rate of about 4.50 per cent on the common. The American Piano company was incorporated In June, 1308, as a holding company William Knabe aV Chickering a Bona, and tha Foster-Armstrong company. Tho following pianos are manufactured: Chickering.

Knabe, Haiaea Bros-. Marshall A Wendell. Foster a Brewster the B. J. Cook Co.

The Chickering plant is located at Boston, the Knabe factory-at Baltimore and the Foster-Armstrong company, which embraces all the other com- panies, at Rochester. The success of th merger seems assured, aa la the second full year over per cent waa earned oa the com-. mon stock, with prospects of a considerable Increase for the current yea. Assets and Liabilities. Working capital, as shown by the balance sheet ot Dec SL 1910, was fi.I20.552, aa against I2.223.S87 the previous year.

Cur- rent assets were: Investments, -cash, $359,928. a decrease of rUL20; accounts aad Botes receivable. decrease of nvoatory, tUtlMt. tn-crease $12,882. Current liabilities were: Kotea and ac- connta payable, decrease accrued wages, $5432; preferred dividends, payable 1.

mL Inventory re-servo. Pro's and loss aarnloa. equal to 12.25 par cent on the preferred asd H-a per cent oa tho common atoch. Tho preferred stock certiiV-ate rou tains a awe pravtdian that no divtdead can bo i paid oa the common stock natil surplus ta equal to It per ceat of the par value of tho -ou utandia referred stack, and that until aurplua is equal to 5 per ceat of tho outstanding preferred stock no dividend oa commoa caa be paid unless a sua equal one-third of tho dividend is added to -pins account. Expect Dlvidrsss ta 1IS- Surplus aecoeat now exceeds 10 ner cent the preferred stock, na required beforo payment of common dividends eon be begun, but it la unlikely that any disbursement oa the common will bo made thia It ts -considered probable, however, that common, dividends will be commenced In 1912.

Although the first quarter ot tha year la usually a dull oao la tho pisao buaineaa. tho Americas Pis so coarpany reports that sale for the last. three months were 40 per ceat greater than la the same period of 1510. If this volume at business continues) -throughout tho year the balance available -for common dividends will exceed per cent. MEMORIAL MEETING FOR EDITOR rrlestda at Lata CeratUss He.

4 a 11 ft Gather at Press Clah A special memorial meeting for the lata Cornelius McAuttff. former managing editor of the Record-Herald, win be held la tho library of the Chicago Press club. 2 North, Dearborn street, at 1 o'clock toniorrow after- noon. Friends nnd asaoclatee of Mr. Ue-.

Aullff will be present na rut inslicea. Frr a few slices of fat salt porh, thea take up and chop. Into tho nark fat nut a laver of the fish several bita the fried pork, a few slices of onion, and- salt and pepper to season. Aaa aiso puo biscuit that have been soaked tender In cold water, or some of the ordinary crackers broken la small pieces. Repeat ths layers -of fish, pork aad crackers until all the nsls used.

tarn la enough, cold generously cover the whole and simmer from twenty-fire minutes to half an hour. Thicken the gravy with a little blended flour and water, add butter and season. If yoa wish, with a large spoonful catsup. Coraed Bee Hash. Use one part of meat to two of potatoes, using one-fourth part fat meat.

Chop very-line, rejecting every bit of bone, gristle and skin. Season to taste with salt and pepper. Put a little hot water or beef stock in tho bottom of a spider, ndd a tablespoon ot batter, and as soon as melted turn Into tha bask. Simmer slowly until It haa absorbed) -tha water an formed a not browa crust. Do not let It get too dry.

hut do not stir. Fold! Uke an omelet, nr. IT preferred, serve in a round dish, crust uppermost- Variations in hash are roast beet Instead, eeraed, cooked without a crust, mounded a sash aad crowned with poached eggs. served on amall squares of toast, or with bacon. It may ba seasoned- with onions varied by the addition, ot fried onions, chopped green or red peppers, chopped celery, or parsley.

It mar bo made Into balls, eov- ered with egg- and Bn bread ernmbe an fried In deep tat, or heated with milk or cream In placa of water. i Calcwrr SoIadO Select a head that haa a white heart. Wash thoroughly and leave tn cold water until wen crisped. Pat Into n. wire salsa basket or a dry towel and shake thoroughly until perfectly dry.

i Put into tho bottom of taa salad bowl small crust of dry bread which has beest rubbed with a elovn of garlic Lay tha salad leaves oa top of this aad set tn tha tea box nntil ready to aerva. Far tha dressing mix well together -In a bowl or dean saaeer ona teaspoonfal chopped tarragon, one-eighth at a teaapoonful pepper, a hall toaspooaful ot salt, two tableapooaf uls while wine or elder veaegar and four Ubleepoon-fuls of olive oU. Shake or stir until well blended, pour over the chicory leaves, remove the crust ot bread and serve with game; cr foL MP (KG.

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Pages Available:
209,258
Years Available:
1872-1914