I..... f
THE OREGON DAILY JOURNAL PORTLAND, THURSDAY EVENING, JANUARY 2I 1809.
GREATEST YEAR; IN CITY'S
i INDUSTRIAL HISTORY
Manufacturers Association Holds . Its Annual Meeting
, and .Hears Some Interesting Reports From Its Of- :
! ficers J. N". Teal Talks on Transportation.
' "Th past year has bean the greatest
In Industrial development that our city
has ever experienced. Oreat manufac
tories, have been established, and still
greater ones have begun to be erected.
Transportation f acllitres have been
largely Increased and improved, opening
up to us broader fields of markets. The
renown of our city as a great manufac-
unna- ana aiatrinuting center nas Deen
ore llrmly established than ever be-
tore. ,.- . .. .. v -. '.
These -were the onenlnor -words of the
f annual report read by Fletcher Linn, the
.. icuiiujc iKvntueni gi me juanuiitciurers
.. association at the annual meeting held
in Allsky's hall last night. The hall was
i completely filled with from 150 to 200
j representative manufacturers and cltl
sensv Continuing In his report, Mr. Unn
; said: - . . - .... .
' ' "I have 1een especially gratified at
. The growth arid progress of the new iri
. dustries which our association has re
' cent?Z. brought into our city. The Ore
gon -Chair company, the Star Brill Ma
chinery company the Mirror Plate Facj.'
-tory-of the Central Door A Lumber com
pany, and the-Petttt Feather & Bedding
- company are a credit to the Judgment of
. .im jauu(oiurr association.
; Business In the aCUUons.
. - "In the three years during which 1
have served as nrexldent, nf tha Uann.
i faoturers' association we have estab-
iisoea in Fortland factories represent-
inr an investment of ovr tSOhooo. ind
which are doing an annual business of
not less tnan j&oo.ooo. In the past 10
years industries have been established
'. here through the dlreot efforts of the
: association representing an investment
of over $1,000,000. In locating the
Doernbacher Manufacturing company
here this association has in an indirect
way made-.Portland the furniture center
of the Pacific coast."
President Linn severely criticised the
- annual report of O. P. Hoff. state labor
commissioner, ror saying, that "the onlv
effective arbitration is the strike or
lockout." He characterized such lan
guage as an injury to peaceful industry
and declared that the labor commis
sioner is out of tune with the progress
or industry, ana is sounaing again tne
discordant note which the whole indus
trial world is today trying to avoid.
President Linn emphasized the neces
sity of increasing the membership of
the organization. He thanked the papers
or tne city ror tneir loyalty in constant
ly urging the people of - Portland to
patronize home Industries and to give
f ireferance to the products of local rao
orles. Beport of Secretary.
In the report of Secretary S. B. Vin
cent, after enumerating the various
manufacturing plants . that have been
located here in the past year and call
ing attention to several enterprises
seeking to enter this field, which for
various reasons were refused the In
dorsement and aid ef the Manufactur
ers' association, points out the fact that
the Portland association was the first
organization in the United States to
challenge the right of the railroads
arbitrarily to advance freight rates
until their reasonableness could bo
passed upon by the Interstate commerce
commission.
The secretary's report also claims
credit for the association for inducing
the city council to increase the. equip
ment of the local fire department. The
report also says that the Manufacturers'
association carried the fightfor the
"Made In Oregon" materials for street
navements to the city council and start
ed a controversy which resulted in the
withdrawal recently from this field of
the Drinclnal foreign company and
victory for the "Mads in Oregon" pav
lng material.
XMrectora An Sleeted.
Following the readina- of the reports,
the huminess nf the association wan
taken up. The nominating committee
re nor ted the following names ror airee
tors: Dan Kellaher, T. S. Mann. Fred
Tonsing. W. H. McMonlcs, John Montag,
F. I. Knlsrht. D. M. Dunne and W. C.
H levers, all of whom were unanimously
elected. The directors will meet the
first Tuesday in February and elect the
officers- ror, tne ensuing year.
President Linn f named a committee
on legislation, as follows: C. C. Callan,
a if. rtavera and Geora-e Laurence Jr.
This committee will meet next Saturday
afternoon to map out a program xor op
posing several measures now oeiore
tne legislature.
J. N. Teal, who made one of the prln
cipal addresses of the evening, was
elected an honorary member of the asso
ciation. Among the other speakers of
the evening were w. Wynne jonnspn,
(General fharles F. Beebe. Colonel D. M
Dunne, Herman Wittenberg, A. IL De-
vers and A. C Callan,
., Tlk oa Kallxoad Bate.
Amnna other thtnes' Mr. Teal said
"The recent funeral advance In rates,
the discussion of amendments- to the
act to regolate commerce and the vari
ous investigations which have taken
niara in lata vears all have had a ten
dency to localise public attention on the
subject of transportation, and there is
gradually getting to ba a better undrr
.t.ntlnv nt mrhat t r nonnrta t Ion really
means to the country, as well as tlTtf
natiira of the service rendered.
-Rata maklna- in and of Itself Is In
the nature of expert work, and long
experience Is required before anyone
tan hope to be practical rate man.
Not only should one have technical rail
road experience but he should have a
thorough knowledge as well of busi
ness generally, the products of differ
ent parts of the country, the necessi
ties of one community, and the ability
of another to supply them.
"In modern life rail transportation is
a necessity, if one charge is exacted
from one . person and a different onej
from another, it may mean success for
the one ana ruin lor tne otner. ana as
facilities may be" furnished more read
ily to the one than to the other, ad
vantages may be be given one Individ
ual or community as against -anomer.
The power to fix the rates in the first
BREAKS A COLD IN A DAY
And Cure Any Cough That Is Curable,
Hoted Physician's Formula,
Mix one half ounce of Concentrated
, pine compound with two ounces of gly
cerine and half a pint of good whiskey.
Shake It thoroughly and use in doses of
a 'teaspoonrui to a tabiespoonrui every
four hours.
The above formula is one of the very
best remedies obtainable for an acute
cold. It will strengthen the lungs, re
lieve coughs and heal the bronchial
tubes, and it will cure any lung; trouble
tint too far advanced.
These Ingredients are procurable bf
any good prescription druggist and easily
mixed at nome.
The Concentrated bine Is .a refined
pine product for medical use, and comes
only In half ounce bottles, each en
closed in a tin screw top case which Is
air tight, but be sure it Is labeled "Con
centrated." A prominent local druggist
says he has filled this prescription hun
dreds of times during the . winter
months. ... .
BErONE"OF '
A
1DRED
ASK
OLUMBIA.TRUST OTIRVNn
instance and thus very largely control
the business of the country ia at pres
ent lodged In the hands of a few men
without appeal until the rates have gone
into erreet, ana tne aamage uone.
$ : Modem Toll Boads. .
Mr. Teal then discussed the practices
bf both railroads and shippers in the
past; the matter or giving ana receiv
ing rebates, securing: special privileges,
etc He then stated that transportation
had .always been and always will be' a
public Dusiness. 'J. nat runaamentaiiy,
it is the business of the state, and with
out the power of the state, o railroad
could operate. That railroad ' is the
modern toll road: that country roads
state roads, canals, etc., are built and
operated by the public, and In princi
ple there Is no difference between the
rail highway and any other method of
transportation. .iuat mow uiubi un
ficulty has ' been , that the carriers
while desiring to exercise the attributes
of the sovereign, objected to exercising
them as agent, but wanted to exercise
it as principal. This never" can be per
mitted, and this is the real conflict that
Is going on between the carrier and the
public, that may ultimately end In pub
lic ownership, and certainly will unless
the right to regulate the carriers in the
interests or tne public is xuliy conceded.
"To charge one rafe to one person
and a different rate to another," he
continued, "is the same as though a court
levied taxes of different amounts
against different men in the same com
munity on the same kind of property,
"When one devotes their property to
a public use they do. It with their eyes
open. TDey receive great advantages,
but must accept the obligations that go
with - them. It Is generally conceded
that those most responsible for the
growth of the sentiment towards public
ownership are the railroads themselves.
ana run tne people.
Increased of Manufacturers.
'No one can be more interested In
the rate question than are manufactur
ers. What is of nei'.llllnr imnnrtanca la
that they should have fair distributive
rates in oraer to reajch territory con
tiguous to them or something; like an
equal basis with their competitors. The
uunurnmiiy ana inaeiensively high dis
tributive rates now in effect in thi3
state and in the northwest generally
have heretofore been attemnteH tn he
justified enly on the 'grounds that the
railroads were tnus enabled to give low
east and west bound through rates, but
tn the light of ihe recent advances, tlilb
justification no longer exists.
"Another thing that has been pressed
upon the attention of the manufacturers
as well an others interested in the rate
situation Is the fact that by changes in
raiua u me classification as well as In
groupings, the tendency has been to
piace tne manufacturers here at a dis
advantage, as against the manufactur
ers in the east. The consequence has
been a continuous limitation of the ter
ritory naturally tributary to the manu
facturers .of the west, without any cor
responding advantage In the way of
luwc-iiu tueir aistrioutive rates.
"The problem, therefore, would seem
to be to sscure reasonable rates on raw
materials ' coming In and reasonable
rates On the mannfil.rtllre artinlea mn-
ing out. This fact has been recognized
vi sumo Liiue uv 1 1 1 f. iranannriaf nn
committee of the chamber ef eommeree.
and tneir efforts in this respect have
Deen obsignated by some as a "Jobbers'
fight or "sroceira' " flirlit onH fha n in
ference bronrllv th rown All th tt 4a a
"iff" propositi on on tne part of the
juuumg interests.
Fight for the City.
"As a matter of fact the fight, if it
be so called, Is one on behalf of this
city and particularly on behalf of the
manufacturers. Through the use of
irruuin n ana out the manufacturers
may help thMneelves materially, -but at
the same time, because they can do
this furnishes no excuse for unreason
able rates In the past a great deal of
attention has been rightly given to the
shipping- interests of the city, but with
out minimizing- its importance in the
slightest degree, any one who wi'l give
?y th,oueht to the question, will see
that the manufacturing Industries of
ilf Slty. ttre of. far greater importance
and their development, extension and
success should bo given our most care
fuj, tnought and consideration.
It ia not material to the wheat shfo
per whether the dock from which he
loads his wheat is situated one place or
another place. The character of the
business requires that it should be done
Just as economically as possible, and
the consequence, in my opinion, will la
evltably result In their seeking cheaper
?vc which in view of the fact
that before long railroads will be on
both -sides of both our -rivers, will not
ba. hard to find. A manufacturing
Dlant. , now Avar la nhalantl.n. Jr
It employes many men the year around f
.u ,u, irge sums 01 money with
in the city or state, but very- few peo
ple realize its growth within the last
20 years.
"The tonHmnr hi-n,h ti.i.
?' wh? termed equalising tariffs 's
; . . Sir . """cr io put eastern goons
Into the interior i .1 haM4a r
people tj meet the competition In their
own territory. We are on the circum
ference or our circle, and cannot very
Jrell sell to the westward. Our terri
tory lies to lh nnrlh J JZ.2C.
The manufacturers of this city should
support In.everv nossibla wav
movement that has for its purpose the
v """"" regulation -or rates, and
should not be misled by statements
Which WOUld fnrilcafa that tb.
is based either on personal reasons, for
special Interests, or for special classes.
" a contest in winch the entire
community is Interested directly, for
Without reasonable rllatrthntlv,
out of Portland and reasonable rates on
such raw; material as we do not produce
1" this city, our manufacturing Interests
will be placed at a most Berious disad
vantage. Owing to the public character of the
business, the carrier is engaged in. the
public and the state have the right to
see that reasonable rates are charged
and reasonable services rendered. It
is a right, not a favor. Furthermore In
the exercise of this right, no one, cer
tainly not the manufacturer or a busi
ness man would seek tn rienrlv th.
carriers of fair and commensurate pav
for the services they render, and If
permitted, I could demonstrate by act
ual figures, that the people of this state
have never by anything they have
done, given the railroads of the stae
any excuse for assuming that its peo
ple ever desired to unduly limit their
earnings. -
In discussing "Sanitation. Wvnn
Johnson pointed out the good effects!
of sanitary efforts in Cuba, on ih pn.i
ama canal, in Manila, In the Japanese 1
war with Russia, in the building of tne !
North Bank road, as well as in a number
of cltlees of the United Sttes. He re-1
ferred to unsanitary conditions of Pitts- i
burg that had been largely overcome
by the determined anil intelligent ttnrt i
of civic workers, who made up their
minds that sasitary conditions of living!
could be materially improved, and pro-
ceeded to work out a grand reformation.
He pointed out what was accom-J
pllshed in renderings' buildings mnltin in 1
Pittsburg. Washington, D C and other
cities, and showed how helpless! port
land is in this respect. He took an
other rap . at the dilapidated garbage
system of Portland, and spoke of the
thorough Inspection of riairlea arAimri
Cleveland, Ohio, and of the splendid
municipal baths - of St. Paul, and the
strict enforcement of the expectoration
ordinance In providence. R. I, and St.
Louis, Mo. - . , .
He suggested enlarged powers Tor the
board of health, giving them authority
they do m possess nowof forcing if 1
tievA be. through the mediumship of a:
sanitary commission property Holders
tn nut their buildings in a sanitary i-nn.
(Htlon. of inspecting dairies, of the su
perintendence of the garbage- noil me.t Inn
and incineration, and he nointed out tha
beneficent result where annh oollcy
,vu pursued,, . -. .aatUp-.- . ,
U 01 0
EMERALD ISLE
u . '.'i' ' ""am.aaSjaaaaaaa-aaa Sy "V
Kussian Ship Dundee . Will
Take Cargo Direct to
Cork.
FIEST TIME VESSEL HAS
BEEN IN THIS HARBOR
American Barkentlne Amaranth Has
Choice of Taking Lumber Cargo
- at This Port or on the Puget
' Sound. ,'.
The Russian sailing ship Dundee has
beon chartered to load lumber in this
Fort or on the Columbia river for Cork,
reland, where she will receive orders,
at 48 shillings or 1 and 3 off for direct
port. -,- .; .-
The Dundee lias never been In this
harbor before. She carries a net ton
nage of 1998 tons and will, no doubt,
take a full cargo' when she leaves. She
is now harbored in Callao. - .
Another vessel which will probably
visit rfortiana soon i tne rAjnerican
barkentlne Amaranth which has been in
this' Dort several times before. Because
of this fact it Is thought that the Am
aranth 'will choose Portland for loading
in prererence to some point on the
sound, although she, has an option on
either place.-. She will sail after load
ing for either the west coast or for
Sydney. Australia. The Amaranth
carries 1103 net tonnage.
STEAMER DISABLED
Owners of the Dora Learn She Is in
Tow of the Farallon.
(Halted Frau Ised Wire,
Seattle, Wash., Jan. 21 A message
from Ketchikan to the Merchants' Ei.
change reports that the Farallon, re
turning to this city rrom that port, has
taken the steamer Dora In tww, as the
latter Is in a helpless condition, and la
bringing her back to Seattle. The Dora
left here January 12 in full repair, hav
ing just come out of drydock, and her
owners are puzzled as to what has hap
pened to her. She should have arrived
in Ketchikan January IS, but never was
reported.
ARGO GOES TO TILLAMOOK
Extra Large Cargo Taken on This
Trip.
The steamshin Aran snlled fnr Til.
lamook today. She was rielnveri a dav
in loading because of the large cargo
she Is taking this thlp in an attempt
to make up for the lost trip during the
time the river was frozen over.
ihe cargo consists of general mer
chandise and supplies. This is the first
communication Tillamook has had for
nearly two weeks with tho exception of
what was carried over the mountains
on the stage lines.
DOLLAR BRISGS CARGO
Freight Transferred at Bay City
From the Nevadan.
The new eteamer Stanley Dollar, sta
ter to the Riverside and Falcon.- will
bring a cargo of freight to Portland,
The freight was transferred at ' San
Francisco from the stnamar NevaHan
The Stanley Dollar is under charter of
the American-Hawaiian company, who
will probably-malntaln, a steamship be
tween .Portland and San Francisco in
tne ruture. i ne coming
routed from New Tfork.
SENATE PASSES
A.-Y.-P, f.lEAS
Bears $50,000 for Interest
Payment Railway As- ;
sessment Change.
.'TJoltad Press Leased Wlra,
Olympla, Wash Jan. 21 -In the en
ate this morning the Alaska-Yukon-Pa
ciflc exposition bill, appropriating ,$50,
000 for the Immediate payment of In
terest on warrants, was passed. In fu
ture it is proposed to have all similar
bills prepared and passed upon by the
auditor, .
In the house Representative Bell of
Pierce county introduced a bill providing
that the assessment of railroad property
be left to county assessors Instead of
the state board of equalization.
Representative Hubbell of Pierce in
troduced a bill providing for an eight
hour law for miners.
JUDGE GORDON SAYS
HE IS NOT GUILTY
(United Prew Leased Wlre.l
Tacoma. Wash.. Jan. .21. Judge M. 3.
Gordon, arrested in this city last night
for the alleged embezzlement of iflSoo
from, the -Great Northern railway, will
leave this afternoon at 3 o'clock J!or.
Spokane, where ' he will answer the
charge preferred against him.
When seen Just before his departure.
Judge Gordon refused to make any fur-
tnei statement regarding nia case, lie
reiterated that he was guilty of no
crime and was confident of being acquitted.
Bonds in tne sum of (10,000 were fur
nished by Tacoma men, whose names
have not been made public.
INFORJIATION WANTED
ON SUGAR TRUST DEAL
(United Press Laaaed Wlrs.l
Washington. Jan. 21. Senator Culber
son today Introduced a resolution re
questing Attorney General Bonaparte
to send to the senate all correspondence
relating to the alleged violation of the
act of July 2, 1890, by which the Amer
ican sugar Kenning company is reported
to have made a- loan to the Pennsyl
vania Refining company.
it is alleged that the loan was made
with the understanding that the Penn
sylvania Refining comDanv would with
draw from business.
freight was
LONG TRIP 11 RIVER
Three Steamers Delayed by Floating
Debris.
The steamers St. Helens. Malestic
and Daisy Mitchell arrived in Portland
tins morning after a tedious trip up
the river. The boats were forced to
tie up at Rainier last night on account
of the danger of colliding with float
ing debris. The St. Helens Is bringing
the freight of the steamship Homer
from San Francisco this trip.
ALONG THE WATERFRONT
The steamer Yellowstone arrived url
at Astoria thin morning at 9:30.
The Olson & Mahoney. Captain H. T.
Payne, sailed for San Francisco with a
wheat cargo yesterday.
The steamship George W. Klder is o i
he drydock, - having gone aboard yts
terdty. The steamer Kureka of Coos hav
points arrived at Astoria this morn-
,ng at 7:60.
. The steamer Nome Citv. Captain J.
Hanson, sailed .for San Francisco ayes
tecday with 697 tons consisting of 460.-
4100 feet of lumber.
The tteamer Senator departed for kan
Francisco yesterday with 1 836 tons of
general cargo.
MARINE NOTES.
Astoria. Jffn. 21. Arrived at 7:60 and
left un at 10:20 a. m. Steamer Eure
ka from Eureka and way ports. Ar-
1 a . . . A ' X. f . 1- 1 ,
ivea sjt 3:o a. in. oiewiier ivuuw-
stone from San Francisco.
St Helens, Jan. zi. Passed at :10
m. Steamer St. Helens: at 9:40 a
m.. steamers uaisy .iitcneu ana Ma
jestic. Astoria, Jan. 21. Condition at tho
mouth Of the river at 8 a. m., moder
ate; wind northwest, 26 miles; weather,
light rain.
1 Kle-I at Astoria rr.-uny nign wai-r.
1:36 a m 7. feet: 0:55 p. m.. 9. i
feet. Low water, 7:10 a. m., 3.1 feet;
7:S0 p. m., 1.1 feet.
SUCCESSFUL YEAR
Record Established Last Season Which
Attracts Koch Attention.
In today's Journal on this nags will
be found, published the annual state
ment of January 1, 1909, of the Home
Insurance company of New York, the
leading exclusive fire insurance com
pany of the world.
ine record or the Home insurance
company is one that is a credit to both
itself and the nation. It has met all
the great conflagrations of the country
justly and honorably, and was the first
to proclaim to the disheartened San
Francisco sufferers its intention to
promptly adjust and pay all itsvalid
claims dollar for dollar, regardless of
what action others might deem proper
to take.
The Home Insurance company has
elimbed into enormous figures, Its assets
amounting now to $24, 866, 499.05, with a
policy holders' surplus of a little under
$14,000,000. Notwithstanding the fact
that it nas set aside as a reserve for
taxes the sum of f 100,000, and opened
up a conflagration surplus account with
jsuo.ouo, it still has a surplus over con
tingencies and all liabilities. Including
capital, nearly tiu.uuu.uuu.
The observer will note 4n today's ad
vertisement the company's list of assets
wherein are itemized its securities, com
prising the best stocks and - bonds of
the United States, exemplyflng the con
servative manner in which the Home
Insurance company is safeguarding its
funds, which are held in trust for con
tingencies which may arise at any time
wherein the public's interest may be at
stake.
It is managed In its Pacific northwest
department bv John D. Coleman, gen
eral agent, headquarters 311 H Stark
street, this city. Its local representa
tives are D. W. Hoelbing & Co., S11V4
Stark street; Harvey O'Bryan, McKay
building, and the Portland Trust Com
pany of Oregon In its own building.
Third and Oak streets.
STEPHENSON NEED NOT
SHOW EXPENSE LIST
- (United Press Laaaed Wlra.t
Madison, Wis., Jan. 21. After be
ing deadlocked for 24 hours over the
question of Investigation into the
amount of money United States Sen
ator Stephenson is alleged to have
spent to secure his renomlnatlon, the
state son'ate today defeated the resolu
tion to investigate, by a vote of 17 to
8.
Insurance Rate Raised.
(United Press Leased Wlrt.l
La Crosse, Wis., Jan. 21. It was de
cided today at the national convention
of the Bohemian Catholic workmen to
raise all Insurance rates. . The increase
Will amount to two thirds, with an addi
tional 10 per cent for hazardous risks.
TOO HOOK TACE .
You feel as If you had one face too
many when you have Neuralgia, don't
you? Save the face, you may need it;
but get rid of the Neuralgia bv apply
ing Ballard's Snow Liniment. Finest
thing in tne world ror rheumatism, neu
ralgia, burns, cuts, scalds, lama back
and all palna Sold bv Bkidmore Drug
THE,
v r
INSURANCE COMPANY
NLW YORK
FIRE, LIGHTNING AUTOMOBILE,
ONE HUNDRED AND ELEVENTH SEMI-ANNUAL STATEMENT,
JANUARY, 1909
CAPITAL STOCK - - ... - - - - - $3,000,000.00
The Assets of the Company Are as Follows :
Cash in Banks and TrUst companies , , ; , ,$l;76,008.7!i
Cash in hands of Agents and in course of collection
iieai ,stare , w.
Loans on Bondsand Mortgages '.
- , BONDS
TMstrict of Columbia ''(Registered) 1924 ...3-5 p. c.
United States (Registered) 1925 , ,.., 4 p. c.
City of New .York (Registered) 1940-1052 3 p. c,
State of New York Canal Registered) 1957-1958 S p. c
City of New York (Registered) 4 p. c
City of New York (Registered) 1912 5 p. c.
State of New York Highway Improvement, 1968 4 p. c.
City of Rochester, N. Y. (Registered) 1933 p. c.
City of Richmond, Va. (Registered! 1922 5 p. c.
Clf of Toronto Debentures (Registered) 1944 4 p. c.
United States of Mexico (Registered) R p. c.
State of Georgia (Registered) .1920 3 p. c.
Northern Pacific-Great Northern (Reg'd)Jolnt Bonds (C, B. & Q. Collateral) 1921 4 p. c.
Pennsylvania Railroad. Pennsylvania Coal Collateral, 19B1 .314 p. c.
Erie Railroad, Pennsylvania Coal Collateral, 1951 4 p. c.
Pennsylvania Railroad Co., Convertible, 1918 u p. c.
Union Pacific R. R. Co. 1st Mtge. R. R. & Land Grant-Bonds, 1947 " p. c.
Interborough Rapid Transit Gold Notes, Convertible, 1911 6 p. c.
Florida East Coast Railway Co. Gold Notes, 1910 g p. e.
The Hudson Companies Gold Notes, 1910 . 6 p. c.
The Tidewater Company First Lien Notes, 1913 6 p. c.
Chicago, Rock Island & Pacific Ry. Co. First and Refunding Mtge. Bonds, 1934.. 4 p c
x-ennsyi vania rc. n. to. 6-yeur uoiiaierai uom nuies, . 5d c.
.I. i a . . - n . - . ,t . . mi . " '
1,120,249.91.
1.&43, 893.06
97,800.00 1
Par Value Market Value
Chicago A Alton R. R. Co. 6-Vear Notes. 1-912
Ohio A West Va. Ry. Co. 1st Mtge. Bonds, 1910
6 p. c
7 p. c.
Louisville, New Albany & Chicago R. Co. 1st Mtge. Bonds, 1910 6 p c
West Shore Railway 1st Mtge. Gtd. Bonds (Registered), 2361 4 n c
Chicago & Western Indiana R. R. Co. Notes, 1910 : 5 n c.
4 p. c.
c.
p. c.
4 p. c.
c.
c.
Cleveland Terminal & Valley R. R. Co. Bonds, 1995 , 4 p. c.
Hearting Co. and the fhlla. & Heading coal & iron (JO. uen. Mtge. Bonds. 1997.. 4 n
Norfolk & Western, Pocahontas, Joint, 1941 4 p.
Oregon Short Line R. R. Co.. Refunding, 1929 4 p.
Terminal Kauroan Association or at. iouis, i&3
Chesapeake & Ohio R. R. Co., 1992
New York, N. H. & Hartford Conv.. Deb. Ctfs. (Reg ), 1966
Louisville & Nasnvtlle Kallroaa co. I' n inert Mtge., 1SMU
Atlantic Coast Line
Penn. Co. 15-26-year Gold Bonds. Loan, J908 4 p. e,
Delaware & Hudson Co., Conv., 10-:year Gold Bonds, 191 , 4 n c.
lmeroorougn -ttapia j ransii .o., s-year iNoies, g p. c.
w tLBiiirigiuii iei xnuiai u., ihl mue. uuia nonus, io
Penn Equipment Trust Bonds. Series C, lftll (ReKistered)
iNew i or, ipw naven & naruora ft. it. vo. tonv,, 1943 p
mannatian ny. .o. onsouaaiea mine. Bonos, i3v 4 p, .
R. R. Co. Gold Bonds, 1962 4 p, c.
" o p. c.
' p-
...an p- c
6 p. c.
Atchison, Topeka & Santa Fe Railway Convertible, 1955
4 p. c.
Chicago, Indiana & Southern R. R. Co. 60-year Gold Bonds, 1968 4 p
Lake Shore A Michigan Southern Ry. Co. 25-year Gold Bonds. 1931
Virginia Midland kv. co. uenerai Mtge. Bonds. i3o
Atchison, Topeka & Santa Fe Railway Conv. Gold. 1917 5 p
4 p. e.
6 p. c
Louisville, Henderson St, St. Louis Ry. Co. 1st Mtge., 194
Central of Georgia, 1st Prefd Income, 1945
Central of Georgia 2d Prefd Incofne, 1945
American Tobacco co. Bonds, 13&1
New York A Westchester Lighting Co. Gen'l Mtge. Bonds, 2004.
Boonville Railroad Bridge Co., winning Fund, 1951
6 p. c.
p. c.
p. n,
4 p. c.
4 p. c.
p. C
Adams Express Co.. Collateral Trust. 1948 , , 4 p. o.
. STOCKS
15,000 Shares Pennsylvania Railroad Company 50 each
11,000,000.00
210.000.00
1,830.000.00
1,000,000.00
500,000.00
300.000.00
300,000.0(1
100.000.00
50,000.00
t50,000.00
50,000.00
10,000.00
400.000.00
333,000.00
300.000.00
200,000.00
200,000.00
200,000.00
200,000.00
200,000.00
200,000.00
200,000.00
160,000.00
100,000.00
100,000.00
100,000.00
100,000.00
100.000.00
100,000.00
100,000.00
100,000.00
100.000.00
100,000.00
100,000.00
100,000.00
100,000.00
100,000.00
100,000.00
100,000.00
100.000.00
100,000.00
100. 000.00
100.000.00
100,000.00
100.000.00
100,000.00
60,000.00
60,000.00
60,000.00
25,000.00
17,000.00
13.000.00
200,000.00
200.000.00
100.000.00
100,000.00
11,100.000.01
262,000.00
1,499,800.00 '
1,010,000.00
660.000.00,
v. 300.000.00
336.000.00
96.000.0H
" 60,000.0
343,333.33
- . 23.000.00 .
fl.900.00
400,000.00
318.8G8.0OV
258.006.00
196.000.00
208.000.00
, - 206,000.00
200,000.00 ,
196,090.00
(200,000.00
182,000.00
150,000.00
100,000.00
104,000.00
104.000.00
- 104.000.0
100.000.00
94,000.00
102,600.00
90.000.00
,ouu.ui
87,000.00
106,000.00
" 100,000.00 .-
102,000.00
96,000.00
99,000.00
101.000.00
S9.000.00
94,000.00
99,000.00
13M0O.00 I
99.000.00
103.000.00
94,000.00
47,600.00
64,000.00
63.000.00
27,000.00
13,430.00
7,320.00
158,000.00
170,000.00 .
8!, OO0.00
92,000.00
$15,538,379 05
6.000
6,000
6,000
6,000
8.000
2.000
2.600
2.000
2,000
1,800
1.500
1.600
1.600
1,500
2.000
1,000
1,000
1,000
1.000
1,000
1.000
1,000
1,000
1.000
1.000
1,000
600
600
600
10
3,000
600
2,000
6,000
2,000
2,000
100
30H
200
20ft
100
200
100
150
100
50
Silver.
Morris & Essex Railroad Co 60 each
Reading ComDany. First Preferred 60 each
Pittsburg, Bessemer A Lake Erie R. R.. , 60 each
Lehigh Vallev Railroad Co - 60 each
Baltimore & Ohio R. R. Co., Preferred 100 each
I'nited New Jersey R. R. A Canal Co 100 each
Pittsburg, Fort Wayne & Chicago Ry. Co 100 each
Cleveland & Pittsburg R. R., Gtd.. 7 per cent 60 each
Baltimore A Ohio R. R. Co., Common 100 each
Rochester A Genesee Valley R. R ; 100 each
N. Y.. N. H. & H: R. R. Co 100 each
New York Central A Hudson River R. R. Co 100 each
Manhattan Railway Co., Stock 100 each
Chicago & Northwestern Railway. Common 100 each
Great Northern Railway Co., Preferred 100 each
Great Northern Iron Ore Beneficial Ctfs joo each
Chicago, St. Paul, Minn. A Omaha Ry. Co.. Preferred 100 each
Kansas City. Ft. Scott A Memphis R. R. Co.. Preferred... 100 each
Fort Wayne & Jackson R. R. Co., Preferred 100 each
Rensselaer A Saratoga R. R 100 each
Chicago A Northwestern Ry. Co., Preferred 100 each
Louisville A Nashville R. R 100 each
Vallev Railroad , .... 100 each
Northern Railroad Co.-of New Jersey 100 each
Atchison. Topeka &-Santa Fe Railway, Preferred 100 each
Cnlon Pacific R. R.. Preferred 100 each
Delaware A Hudson Co loo each
Illinois Centrnl Railroad Co . loo each
Cleveland A Pitta. R. R. Co. 4 per cent Betterment Stock 50 each
Northern Securities Co.. Stubs 100 each
Northern Pacific R. R. Co. Subscription Receipts. Full Paid...., loo each
Chicago, Mil. A St. P. Prefd. Stock Inst. Ctfs., 85 per cent Paid., loo each
Chicago. Mil. A St. P. Com. Stock Inst. Ctfs., 85 per cent Paid., joo each
Consolidated Gas Co. of New York or each
The Mackey Co.. Preferred joo each
American Telephone A Telegraph Co ion each
Twenty-third Street Railway Co ; joe each
American Exchange National Bank of N. Y 100 each
Fourth National Bank of N. Y loo each
Manhattan Company, N. Y . 5ft each
Bank of America , joo each
Chatham National Bank of N. Y 25 each
Franklin Trust Company, Brooklyn loo each
Long Island Loan A Trust Company joo each
T'nlted States Mortgage A Trust Co loo each
Metropolitan Trust Company loo each
$750,000.00
250,000.00
250,000.00
250,000.00
250,000.00
800.000.00
300,000.00
250.000.00
' 100.000.00
200,000.00
180,00000
150,000.00
150,000.00
160,000.00
150,000.00
200,000.00
100,000.00
100.000.00
100.000.00
100,000.00
100,000.00
100,000.00 .
100,000.00
100,000.00
100,000.00
100.000.00
100.000.00
60,000.00
60,000.00
25.000.00
1,000.00
300,000 00
50,000.0
200,000.00
600.000.00
200,000.00
200,000.00
10,000.00
30.000.00
20,000.00
10,000.00
10.000.00
6.000.00
10,000.00
15,000.00
10,000.00
6,000.00
$990,000.00 ;
457,500.00
227,600.00
165,000.00
380,000.00
' 278,000.00 .'
600.000.00
425,000.00
174,000.00
220,000.00
207,000.00
238,600.00.
187.500.00
229.500.00
74.600.00
294.000.00
72,000.00
170.000.00
74,000.00
135,000.00 .
190,000.00
215.000.00
125.OOA.QO
118,000.00
f S.OOO.OO
101,000.00
95,000.00
- 90,500.00
74.000.00
S5.000.00
1,120.00
4 2 6,000 00
72.500.00
282.000.00
984.000.00 .
140.000.00
254,000.00
25,000.00
75.OO0.0O
40,000.00
30.000.00
. 64,000.00
15.000.00
36.000.00
25.000.00
LIABILITIES
$24,856,499 05
You Arc Invited
to Attend the Season's Fourth
PIANOLA RECITAL
Friday Evening, Jan. 22
The fourth of the season's popular Pianola re
citals will be given at Eilers Recital Hall Friday
evening, January 22, at 8 :30 o'clock, with Mrs. May
Dearborn-Schwab as soloist. y
Mrs. Schwab's beautiful soprano voice wilt be
heard in two groups of choice songs.
The new Themodist Pianola Piano will be used.
These recitals will be given every Friday even
ing, and all are cordially invited. To avoid ever
crowding, however, admission will be by reserved
seat ticket only. . "
By calling at our store any time before" Friday
evening, two complimentary tickets, each good for
one reserved seat may be secured..
Eilers Piano House
j 353 - Washington st. '
Cash capital ,.
Reserve Premium Fund
Reserve for LoRses
Reserve for Re-Insurance, and other claims .-
Reserve for Taxes ,
Reserve as a Conflagration Surplus
Surplus over Contingencies and all Liabilities, Including Capital
.$3.000.000.00
. 9.515,887.00
. 1.018.S28.87
. 539,183.87
i 100.000.09
. 800,000.00
. ,883.S2t.51
$24,856,499 05
Surplus as regards Policyholders, $13,682,821.51
Especial attention is called to the creation by this company of a Conflagration Surplus
now amounting to $800,000, a sum exceeding the entire assets of many companies seek
ing business in the United States and Canada, and the only company doing business in
this country maintaining a reserve of this character, rendering substantial its claims to
being "conflagration proof." And we also call your attention to the Policyholders
Surplus of this company, larger than that of any other company transacting the busi
ness of fire insurance in the United States. THE HOME OF NEW YORK was the
first company to announce that it would pay its San. Francisco Conflagration Losses
in full upon adjustment.
JOHN D. COLEMAN, General Agent, 311 Stark Street
D. Vf. Hoelbing & Co.
CITY AGENTS:
: Harvey O'Bryan
The Portland Trust Co.
ELBRIDGE G. SNOW, President
EMANUEL H. A. CORNEA, Vice-President.
FREDERIC C. BUSWELL, Vice-President.
CLARENpE A. LUDLUM, Ass't Secretary.
AREUNAH M. EUI;TiS. Cecn
i CHARLES L. TYNI. '. f crc ; -HENRY
J. FERRlv, A T