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About Medford mail tribune. (Medford, Or.) 1909-1989 | View Entire Issue (March 7, 1910)
THE MEDFORD MAIL TRIBUNE, ACEDFQRD, OREGON, MONDAY, MARCH 7, 19.10, Medford MailTribune PUBMSHKD DAILV EXCKPT SATUIIDAT. A consolidation of tm. MeJford Mull, established l8j tho Southern Oregon tea, cnUbllnlied 1903; the Democratic Time, eatablUhed 1S7S1 the Athtantl Trlb naa. nUbll.hed 186, and the Medforti Tribune. e.Ubll.hed 1J0S. ( Official Paper of the City of Medford. QEORQE PUTNAM, Editor and Manager. atered aa accond class matter November 1. 1S0P, at the poatolfleo at Medford. OrcRon. under the act of March 1. 1879. hie rear, by mall. SUBSCKIPTl ON UATESt $5.00 One month br mall or carrier....! .60 WELLS FARGO EXPRESS RATES. Interesting data regarding the Wells Fargo & Com pany is being presented by the state railroad commission in the hearing now on at Salem to reduce express rates in Oregon. Tho earnings given ore substantially an abstract from the express company's report. The rates attached in tho complaint are tho merchandise and general special rates. Express rates have been excessive and far more than reasonable, and the railroad commission is certainly doing good work in taking up tho matter and determining whether or not a reduction is justified. The "Wells Farcro & Company was organized iii Colora do in 1S66 as" the Holiday Overland Mail & Express 'Com pany with a capital stock of $3,000,000. Later it was merged with the Holiday Overland Mail & Express Com pany with a capital stock of fifteen millions taking oyer, the Pioneer Stage Company, the. Overland Mail, and chang ing the -name to the present one. The capital stock was -reduced to $5,0Qp,000, but the companies books do not show whether it was paid up in cash, realty, equipment or securities or issued as payment of good will. Since the cap ital stock has been increased by issues of shares, said to be issued as advanced payments on contracts. The capital tock is now $8,000,000 with no bonded indebtedness. Eight I the Harriinan system. A total of over sixty-f ive thousand miles is covered by the operations of the Wells Fargo Company, to which can be added ocean-going mileage exceeding nine thousand. The mileage in the United States operated is 55,132. the mileage in Oregon, 1002 miles. The company's statements shows assets of $32,675,-142, of which approximately four million dollars are stocks and bonds, nearly two million dollars real property, two mil lion dollars in equipment, nineteen and a half million per manent investments, and two and a half millions cash as sets. "The liabilities include capital stock of eight million, a reserve of approximately twenty million, and profit and loss of four and three-quarter millions. The company's books show less than four million dol lars of the-company's capital was used in 1909 in operation of the express business. This four million earned over and above all expenses and taxes over three and a quarter mil lions, or 81 1-2 per cent nt for the year ending June 30, 1909. In 1908 the capital used in operation was only two and a half million, which was increased a million dollars last year by adjustment of its inventory and accounts Whether or not the increase was legitimate, cannot be cleaned from the company's reports. The income account shows the receipts from the oper ation were approximately twenty-four and a half millions lesseleven and a half millions for express purposes, leav ing operating revenues of exceeding thirteen millions Against this are operating expenses and taxes approxi mately of nine and three-quarters millions, leaving as the net operating income over three and a quarter millions. To this is added nearly a million and a half dividends on .tocks owned and income from other investments, leaving .a net coroprate income of $4,664,379. A 10 per cent divi- -dend was declared of $800,000, leaving the balance for the year credited to profit and loss, $3,806,379. Of the total revenue from operation, 98 per cent was re ceived as revenue for transportation, and 2 per cent from operations, half of which from C. O.'D. checks and the bal .ance from money orders and other sources. The average net income from operations for the past three years was $3,252,892. The average value of the real estate and equipment n$ed during the three years was in round numbers $2,750, 000, or less than 10 per cent of the company's capital, sur plus and undivided profits. The average yearly net earn ings from operations was therefore over 118 per cent on the capital used. During the said three years more than 90 per cent of the company's capital, surplus and undivided profit was invested or was available for investments in outside invest ments, and netted the company on the average not to ex ceed 4 per cent per annum. On such a showing it would seem that the people of Oregon are entitled to a great reduction from the present rates,. There is no reason why the public.shoulcLbe.mulGted to the tune of 118 per cent per year profits for tho express company on the capital actually used. titionod for, and when tho contracts are completed Mod ford will be tho best paved city of its size in the worldi It is probable that a considerable reduction will bo se cured over tho cost of paving last year, as ten miles can bo paved for a cheaper rate than one, but it is not probable that any good pavement will bo secured at a very material reduction. Whether or not all the paving companies are really controlled by a central organiaztion and tho apparent com petition arranged as a spectacular-play for the benefit of the public, will bo shown by the bids received tomorrow night. Such a secret combination is popularly supposed to be in existence, and in this era of combinations and trusts, such combination is at least probable. In the big cities we see the alleged competing compan ies dividing tW territory bet ween them, and in spite of apparent rivalries, the price of pavement does not seem to diminish. . People of Portland, through the efforts of Mayor Si mon, supposed they had secured a reduction on the cost of pavement. On the surface it looked as though the price of paving was lowered, but a closer investigation shows that necessary extras are tacked on, which wore formerly embraced in the flat bid, with the result that paving con tracts are being let at tho same price as last year. FIFTH AND. LAST WEEK FER-DON TO OX1A KIVH DAYS .MOHH. !tm Offer Will lilit Hntimuiy, .March tutli. BUILD THE jCRATEit LAKE HIGHWAY (Portland Journal.) Tho announcement is Unit tho Ora tor Lake road is to bo built. Mod- ford and Jackson county will do it. It is to bo done by public subscrip tions of $100 each. It is to bo hoped that tho promise will bo kept. Southcni Oregon may n8 well be the interest point for thou sands as Southern California. The hundreds of Portlauders and Oregon inns in California for tho past two months are evidence of what is with in Medford and Jackson county's reach. Tho multitude thero from distant states aro furthor evidence. They went to cce sights and to mo tor over good roads. Jackson coun ty with Crater Lake made accessible is a far better attraction. It can draw tho annual caravan of tourists there if it wants to. Ito climato is so soft and balmy that it can enter tain them five months in the year to Southern California's one. No spot ever stood at tho thrcshhold of so glittering an opportunity. If it builds the road, it will get tho tour ists. When Crntcr Lake is onco oanily accessible, tho whole country will journey to sco it. Tho Oregon farm er's auto will go thoro with tho rot. Sightseeing Portland will novor cease journeying thoro until tho last one has seen and rcsccn thp premier won dor spot of tho world. Tho proces sion will novor stop, but will roll on forever. Tho fame of tho region will spread with time, and tho joumoying multitude increase iu numbers. The day will como when no traveler's itinorary will bo completo until it in cludes tho -trip to Crater Lako. Besides tho rewards to bo gained for Jackson county and its cities, tho cost of tho roul will bo a pittance. It is as a drop of water in a bucket, or n single stalk in a field of grow iug grain. It is a singlo seed sown that will grow and blossom nnd yield a porpotual fruitage Tho Southern Oregon county nnd her thriving cit ies can easily finance tho project, nnd when it is onco built thoy will wonder why thoy did not do it long before. TEN MILES OP PAVING. Medford 's city council will tomorrow night receive bids for laying nearly ten miles of hard surface pavement. This mileage will bo further increased by other streets pe- SAWED WOOD THEN COLLECTED FOR IT Young Man Collected Money for Partnership He Had Agreed Upon and Jailed for Not Accounting. HOMEIITELEPHONE Woodbury Magel was arrested on Saturday charged with embezzle ment in collecting monoy not his own and appropriating the same. Magil had agreed, it seems, with O. E. Morse to buy a half interest in a wood-sawing outfit and woodyard owned by Morse. Magil didn't havo any money, but promised to get the money irom Ins father in the east and pay for his interest. He there upon entered into a full partnership and was entrusted with tho business in Medford. The first of the month he collect ed some $68 and failed to account for tho same, whereupon Morso swore out a warrant charging him .with larceny, and he was arrested nnd placed in jail. His father at Duluth has been communicated with by wire, and his arraignment is being pending an answer. STARTS WORK ime wans Are now Going up on Building of Homo Telephone Co on Sixth Street. Manager E. C. Sharpo says that tho new Homo Telephone building will dpubtlcss be coinplotcd within the next 20 days, providing tho wonthor holds good. At prosont a forco bricklayers are raising tho side walls as fast as they can throw brick. Tho construction of this building will bo rushed, with a big "It," says Mr, Sharpo. PRINCESS PATRICIA TO WED KING MANUEL OF PORTUGAL SURPRISE PARTY AT l MOUND DISTRICT PAItlS, March 7. Diplomats hero today believo that King Edward's journey to Biarritz foreshadows ar rnngernent8 for tho marriago of postponod ! Princess Patricia of Counaught and King Mauuol of Portugal. Tho king left for Biarritz last night, and it is thought that ho wil meet tho Marquis Aniolio do Sovor al, tho Portuguoso minister to Eng land, and arrange tho match. RAILROAD BILL AMENDED; CONTROL CLAUSE KILLED A most delightful surprise party was given Floyd Milligan at his country homo, Mound district it be ing his 18th birthday anniversary. A very enjoyable time was had by nil ' with games, instrumental nnd vocal WASHINGTON, D. C, March 7.'- music, until a lato hour, when do- By a yoto of 15 to 1 the house com icious refreshments wore served, mitteo on interstate commorco toduv -l no fortunate ones at this long to eliminated from tho administration bo remombered hnppy birthday oa- railroad bill tho provisions relativo casion were Floyd Milligan, Hazel ' to tho oontrol of competing linos. Schalo, Margery Wutkins, Almeda, One of the provisions stricken out Orr, William Lowis, Willie Kelly, 'would havo allowed a railroad own- Robert Orr, Ralph Atkinson, Prank I ing over 50 por cent of tho stook of Aikin, Mrs. Mary Milligan, Mr. and a competing line, to purchaso all of Mrs. Wntkins, Mr. nnd Mrs. Bonney the remaining stook of that lino. It of Medford. I would also havo legalized all riant purchases of stock by railroads. O l I il.ii mi .. opcuidi nuuee. ineso were among tno provisions Modern Woodmen and Royal i recommended by Presidont Tnft, tho Neighbors: Meet at Loosloy's skat- bill having been drawn along lines ng rink Friday eve at 8 o'clock, laid down by him in his public dec- March 11. Bring your wife and larations on tho subject. dnughtors and sweethearts. All vis- " - iting Neighbors Invited. See Talent Born. team drill on skates; also seo Central) KILGORE At Missouri Flat on oint boys put on soyenth degree . Saturday. February 20, 1010. to Mr. work on skates. Skating, feed and and Mrs. C. V. Kile-ore. a 2-nound 8 ance. - 3O20 -ounce baby boy. DurhiK tho anl wuok muubera of tiiUKoiii havo boon crowding Fori Don's of (Icon at tho Monro Hotel, anx !oui to know l( Fer-Don'n doctors' could help thorn. Anxious (or soino loved one at homo too nick to conui, 1 or anxious (or tho crippled child whose U(o. lillRhtcd by dlnoaito. lit n constant ?aro to tho parents. Many aro taking ndvantagu ut tUo grand of-' (or oxtondod by tho groat For-Don to treat nil who call boforo March 12th (or merely coat of medicine. For Don Is In receipt o( doxons o( letters dally tolllnii o( people coming hero to ho treated. Tho great power' of, bloodless surgery over tllitoaaos that baffled tho ordinary doctorH Is giv ing For-Don'a Hta((, who nro tho ox-, elusive prattlnnors of this method In this country, world-wldo (amo. Mrs. V. N. Collins o( Coalings, Cal., was saved from tho surgeon's knlto by a vtall to For Don't experts. Thlc lady had been a constant suf ferer from gall stones. Sho hoard o( tho great Fer-Don'o exports and caiuo to consult tl.em. As a nnult sho was treated by tho skillful linnds of For- Don'a bloodies surgeons and In six teen hours' tlmo wna rollovod of over ono hundrod gall stones. Tho lady Is Indeed thankful as other phyalclnun told her alio could not bo cured un less operated upon. woxdkufi'Ij cum: of a iuiia- LYTIC. Mrs. Melchloa of 208 1-2 Second street. OakLnd, was so crippled with paralynlfl on hor left t'dc, her arm nuil log being to affected thoy woro ot no mo to her. Sho was practically dragged along, but now what a change! Attor ono or two treatments by For-Don'a oxporlonced staff, alio Is walking as well aa anyone, tho paraly sis la gone and Mra. Molcllas Is hap I ily on tho road to ponnanoat recovery. IlKUKVEI) OF GOITIIK. Mra. M. J. Crawford of 610 E. Ninth street, Hanford, was rollorod of goltro by For-Don'a bloodlosa sur gcora, without causing a bit of pain, without the nlcht of n drop of blood. FUW DAYS MOIIE. In n fow days moro tho liberal of fer of For-Don wilt bo withdrawn. Tho tlmo Ih now to tnko advantago of these liberal terms. Health la valu able and If you aro ailing or know ono who Is, aond them to For-Don beforo March 1 3th. CONSULTATION' FBI? XBCBSHARV. Aa tho crowds are so' largo at tho office, a feo of $1 Is required from ovoryono for a consultation and ex amination with tho European experts. This Is simply to kcop out tho Idly curjous who WMit their fortunoa told or sorno other "hocus-pocus" that would thereby keep honost, sincere people, anxious about their health, from consulting with thoso loarncd mon In modlclno and bloodless surgery. POLICE NUMBER 10,000. (Continued from page 1.) ir. Would IlJeep Troops Out. Tho authorities aro making evory effort to koop tho government troops out of Philadelphia. Tho regular and apodal forco which numborod 7500 mon last wcok has been Incrcaaod to 10,000. Director of public safoty, Honry Clay, announced that ho thought thfa numbor sufficient to provont rioting. Ho donlod that ho would ask for troops and Bald tho men at hts dis posal, augmontod by tho city employ ees, particularly of tho flro dopart mont would bo ablo to handlo tho situation. Only 25,000 Out. Clay donlod tho claims of tho atrlko loaders that 160,000 mon nro on strike, doclarlng 26,000 mon had quit work and many of thoso aro ready to ' roturn. , It In reported howovor that tho ' coast artillery companies at Fort Du-! pont havo boon ordorod to propnro for duty In Philadelphia to protoct gov ernment property. After dynamiting of a enr and tho riot which followed today tho total numbor of men undor arrest In con nection with tho striko Is 62. Many of thoso aro prlosners In hoBtiltnio nfforlng from sorlous wounds. Conservative leaders of tho strik ers claim that 00,000 mon nro out and that this number will bo greatly increased boforo today onds. Radical leadors claim that 160,000 aro out and that tho numbor will roach 200,000 boforo tho nightfall. MODELS 10 AND 17 149 Firsts Tho BUIOK clonal the season with tho greatest rec ord u. history of automobile contests by winning .149 firsts 01 per cent of entries there I))' defeating the highest-priced foreign nnd American ears in rone races, hill climbs and endurance contests, and ALL THIS WITH A STOOK CAR JUST LIKE YOU'LL GET A Few of the Big Wins COBE OUP RACE 100 miles at nn average speed of 50 miles an hour. YORIOK CLUB TROPHYFirst nnd second, 150 miles nt an average- speed of 51 miles an hour. VESPER CLUB TROPHY 212 miles nt nn aver ngo spoed of 55.5 miles por hour. RIVERHEAD, L. I., CLASS 4113 miles nt nn nv crnge speed of 70 miles nn hour. ATLANTA 200 miles nt nn nverago speed of 72.2 miles por hour. In winning tho Los Angolos-Phoo-nix Desert Raco tho BUIOK achieved ono of the gorato3t victo ries of tho yoar. This raco, run over hills and through fiolds of sand such as a car seldom encountors, was entered upon with groat enthu sim by the manufacturers of high priced cars, bocauso thoy know that the "popular-priced" car could not stand the grind. But it was tho same old story the BUIOK won, defeating its nearest competitor nearly four hours and lowering tho record 12 hours, thereby achieving one of the groatest victories for the "popular-priced" car in the history of tho automobile. Why Then is the Buick Popular Picruro it out for voursolf. It won't tnlcn von lonir. You will find more Buick Cnrs throughout tho west than nil other mnkes combined. It has proven tho Best Car for the Rogue River Valley. Ask Any Owner. There will bo n crrontor shortnero of nutomobiles of nil kinds this vonr than over boforo. Lnst vear's shortnero will bo nothincr in comnnrison. Porhnna von have not noticed it yot, but you will when you buy n car. o order JSUW and nave it m time for tho "Good Roads." Medford Buick Co. (Buicks Exclusively.) HODSON'S GARAGE TOU VELLE, MANAGER Demonstrations by Appointment. l . t woygr 'ya? wim