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