B
THE OMATTA SUXDAY BEE: JT7LY 21. 100 .
SNARES CARRY LANTERNS!
f Nw Story of the Uncanny Vermin ia
' India.
"CHARMERS1' MERELY HUMBUGS
1 Consul General Michael at Calcntta
Kspoeea ome of the Deception
of the .Mretlea of the
Kast.
CALCUTTA, India, Juno l:,. (Special Cor
respondence.) An uM inhabit aiit of India.
whose researches on lines of science arc
,. ...,, .
'r,i t'y inuian scnohirs, showed ma
a stone he took from the mouth of a snaku
ho had killed. which 'he culled an an'l-
( Venom Jewel, but which Is more generally i
Known as "Biinke stone." Certain species
of snakes carry this stone, which Is seml
f phosphorescent In the mouth for use as an
I Insert or frog decoy. The snake deposit
'the stone on the ground anrl conceals ItsHf
I nearhy and when the light of the ston
i attracts enough Insects, or the assemble 1
Insects attract a frm? or toad In search or
I rireV. fee ciinniriir ror.t u i.
unwary hoppr and makes a mnl of him
The representative of Kve's deceiver and
the cause of Adam's downfall then "pock
ets" the stone and retires fnp
The snake while lying for prey If dlsturb-d
rjy tne approach of a person will take up
the atone and try to make Its escape.
It la firmly believed by many peop In
India that the snakestone has curative or
antidote qualities and that If It Is applied
to a bite In time It will extract the poison.
If It possesses any virtue In this regard It
la because the stone Is porous and ab
sorbs the poison If It so happens tnat tho
poison lies In fattv tl 1IO Dili) Villas "i n tn(
been taken Into the circulation. Rucking,
'would accomplish the same purpose. Hut
If the poison was Injected by the snake Into
a vein or artery neither would do much
. food. If any. That the snakestone has
t relieved snake bite can hardly he doubted
In the face of evidence In possession of
reputable persons In India.
"nake t harmera Are Pnk.es.
Indian snake charmers always have
t "anakefltones" for sale to credulous people.
IThey are simply spongy or porous stones
rubbed Into a round, flat shape. The snake
charmer Is the prince of fukes. He blows
on a lute, a rude Instrument made of the
bamboo reed and the cobra raises his head
eignt to ten inches above the ground or
out of an open basket In which the reptile,
la carried about, expands' his hood ami
waves his head and neck hack and forth
as 'If trying to keep tune with the weird
music. I am satisfied, however, after close
observation of this performance many
times, that the snake Is nut "churnied" by
the music, but that It has been trained to
do Its stunt by use of a cane, and that It
expects to be tapped with 'the cane If U
does not raise lis head, expand Its hood anil
wave Its neck and head. It does this snmo
thing when maddcnud In the Jungle. The
whole movement Is its signal of defiance,
that ft Is angry and will strike in self
defense. The "charmer" almost Invariably
raises a stick with one hand when he blows
on the reed and the snake places Itself In
readiness to resist attack. This is about
the whole story of the Indian snake
charmer, who Is really no charmer at all.
1 but a humbug. He handles the cobra and
1 ether kinds of snakes, but one imiv rest as-Vf'-d
that the "fangs" havo been ex
'led and flat the snake he handles is
pJnerlesa In do harm. Hesldes n snake can
be tamed to a certain extent and comes
to know its keeper and will submit quietly
to be bandied by him, precisely as Is the
caso In dime niUM-um. shows, where the
snake performance Is much more interest
ing and exciting than anything of the kind
to be witnessed In India.
The Indian snake charmer, the fakir, the
Iiyragy or sun worshipper surrounded by
llres. the Rlshl or Yogi, the esoteric
Huddhist. ami the whole lot of long haired,
dirty, naaty, claimants of mysterious pow
ers, are humbugs pure anfl "simple. I have
known a few really sensible and respect
able people. In the lulled States who went
duff on, the subject of esoteric Huddhistu.
They hail read several books written on
the subject bv an author nr ,.nii,,.,
'claimed to have sat at the feet of the
"wise men of the east." who by self-con-centratlon
of thought anil by reincarna
tion had come to possess Infinite power and
( wisdom. One of the persons who went
ilaft on this subject wa,s a surgeon and
I physician of high standing. He brought
himself to believe that It was possible for
him to acquire by following the Instruction
of the Yogi of India the power of diag
nosing any case correctly simply by exer
cising the power of penetration; that he
cquld "project his sensitive" any distance
and "see" and "know" what was going on
In the most secret places, precisely us the1
Yogi, the spiritualized Rlshl, have been rep
resented to be able to do.
ample of Yogi Wisdom.
A case was before a msgistrate in Cal
cutta only a few mom lis ago where a Yogi
was charged with having been accessory
to the murder of a boy of 6 years of age.
The mother of the boy was afflicted With,
a disease which the Yogi pronounced In
curable except by bathing her entire per
son witn the blood of her eldest male child.
Acting on the "wlae" and "holy" man's
advlne the father of the ho killed the
child, and bathed the mother with his
blood. Of course It did no good, but landed
the credulous parents and the Yogi In th"
court. Probably the division of the magis
trate, who was a Hindu, was quite as
extraordinary as the prescription nf the
Yogi'. The court decided that as the Yogi
and the parents sacrificed the boy as a
religious rite to serve the mother, they
had committed no offense and were dis
charged. This Is a specimen nf the wisdom and
holiness nf the "wise men of the east" that
some people In Kurope and America would
like to possess and dignify with the high
sounding name of "snterlc Ftuddhlsm." If
they would visit India and come In con
tact with actual conditions there, they
would have their eyes opened and become
more rational.
The people of America have really noth
ing to learn from the natives of India,
either In philosophy, science or religion,
and certainly not on lines of practical and
progressive life. W. It. MICHAUU
CLYDE GETS SHIPBUILDING
Trust Abandoning Belfast for Scot
tish Plant. . '
GLOOM SPREADS OVER IRISH
Troable with Government, Labor Dlf
flcnltles and Complications
Brian- A beat the Deri
sion to Move.
Piberlsn producers to first send their but
ter east Instead of west. While the cam
paign lasted they got Into the habit of
shipping their available supplies to the
Russian army In the far east, and after the
war ended they continued to find a ready
market In Japan. Corea, Manchuria and
China.
PRESERVE PURITY OF RACE
Englishman rmpnthlea with People
of Paclflc Coast on Japanese
Question.
Ot.ASf'.OW, July 2n. (Special.) Writing;
to the Olasgow Herald upon the subject.
"The Yellow TerM." Mr. A. Henderson of
Kdlnbane. Skye, snvs:
"Might It not be that the feellniT which
Inspires the California!! to protest, how
ever roughly, against the presence of the
yellow man In his midst is as praiseworthy
and springs from as high a source as the
wonderful patriotic calm extolled In the
Japanese official. Kxplaln It how yn-j
please, the white man does not love his
yellow brother. To give a reason for this
feeling Is a more difficult matter.
"The motives ascribed to him are many
and varied. Perhaps the one we hear most
frequently Is the white man's fear for the
purity of his race. This Is no Idle fear or
piece nf 8f ntlmentallsm. ICt a home born
Britisher stumble Into a tram car In one
of our colonial cities and s. e for the first
time a white mother crooning over a lit
tle piebald, almond-eyed plccannlny. and
he will get a shock he Is not likely to for
get. His self-respect and pride of race
will be rudely shaken.
"Rut perhaps the bread and butter side
of the problem Is the one most easily
grasned. by the 'man In the street.' ' The
Asiatic ran live on what a while man
would starve on. To pvit them Into com
petition therefore Is unfair. Many Indus
tries In our colonies have already fallen
Into the hands of Japanese and Chinese,
and with a little more encouragement more
will follow. Houth Africa Is on the verge
of a decision that has tremendous results
In store for It. Australia Is at present
only wble to preserve its political existence
by adopting a policy of exclusion. To
please the colonial office Its statesmen
adopted the language test Instead of at
that time boldly drawing the color line. To
do so now would be almost Impossible, and
the wisdom of the alteration Is at least
questionable.
"Our sympathies as a people ought to be
with the 1'nited States government, who
are trying to solve a problem we shall
shortly be called upon to face, and as the
rulers of India It will be an uncommonly
difficult one for us and require a great
deal of chewing. Rut India must ever be
considered a problem by Itself. In that
land of mystery the Inexorable laws of
logic must be placed on the shelf and
trust placed on John Bull's wonderful polit
ical sagacity and Influence and Instinct.
In dealing with Asiatic powers what we
must bear In mind is the fundamental truth
that the white and the yellow races cannot
and will not assimilate.
''Remembering this, we must tell them
firmly that while wo entertain for them the
highest respect, yet we cannot view with
equanimity a condition of things that would
bring about the commingling and there
fore the degradation of both races. Let
our maxim be exclusion from permanent
settlement In each other's territories In
great numbers with mutual respect."
HOTEL BILLS HIGH AT HAGUE
Representative of One "Power" Advo
cates Withdrawing; and Balld- ,
lug Battleship.
THE HAOl'FX July 20.-(Speclal.)-8ome
very amusing stories are going the rounds
here In connection with the peace congress.
One of the best of the stories told Is to
the effect that the extortions of the Holland
hotel keepers have been such that the del
egation of a certain South American re
public on seeing Its first week's bills de
cided to advise Its government to withdraw
from tho conference and build a new battle
ship Instead, as being on the whole,
cheaper.
Another pleasing legend Is to the effect
that the representatives of one of the
smaller "powers" have been living beyond
their means and paying no attention to
their bills so far us worrying about them
Is concerned, being under the impression
that all deficiencies will be "made good"
by Mr. Carnegie. The laughing statement
Is made that when the day of reckoning
and awakening comes the "power" will be
forced to go Into the hands of a receiver
and through an International bankruptcy
court In order to dodge rayment of the
hotel bills.
Seriously the hotel bills are all out of
proportion and there Is a feeling that the
hotel keepers combine must be broken by
the erection of a new first-class institu
tion or else that In the long run the dele
gates will select some other city and coun
try as a place for meeting.
Divorce for Wife of F.arl.
KPINBI-ROH, July M.-The wife of the
earl of Dosslyn (formerly Miss Anna Rob
inson of Minneapolis) was today granted a
divorce from her husband. The couple
were married In London, March 31, 1TM5.
t
A LITTLE SEED
PLANTED NOW
WILL SOON YIKLO A
PLENTIFUL HAH VEST
AND OUR
CrS THE
LtlUK
PROCESS LETTERS
SHOULD HE USED IN THE PLANTING,
TYPEWRITTEN LETTERS
.MADE BV OUR PROCESS
LOOK LIKE REAL TYPE
WRITING, AND THEY ARE
ARE BUSINESS BOOSTERS
THE ONLY SPECIALLY EQUIPPED
LETTER PLANT IN THESE PARTS.
A DEPARTMENT FOR FILLING IN AND ADDRESSING.
MAN GUM . COMPANY
LETTER
FACTORY
MAN
Telephone Douglaa 183.
109 South 13th Street.
rirrr-r.-. tvj
DUBLIN. July 20.-(Special.)-On account
of labor troubles, on account of troubles
with the government officials, and on ac
count of many complications It Is officially
announced that the ship building com
bination of Harland & Wolff and Messrs.
John Rrown & Co., will do less and less
work at Belfast and more and more work
In Scotland and on the Clyde. In fact no
less a personage than Mr. A. M. Carllslle,
manager and director of Messrs. Harland
and Wolff at Belfast, speaking after the
launch ot the Anglo-American (111 com
pany's new twin screw steamer, Iroquous,
did not hesitate to refer to the Intentions
of his firm In regard to Relfast. Lord
I'lrrle, he said during the course of his
speech, was very sorry that he was the
able to be present that day. especially as
that was the occasion of the launch of a
ship for a company for which, tho firm
had never built before and because tho
event Joined together still more closely
Ireland and America. He was sorry to
say that during the past six months they
had had to refuse to tender for either four
or six ships for the same company, and
he need hardly to tell his hearers that
that would not have been the case If the
Harbour board had done Its duty and given
the firm the ground required. After re
ferring to the amalgamation of the two
great ship building 'firms of Harland A
Wolff and Messrs. John Brown & Co., he
said that It was expected that In the main
both of these great houses would go on
In the future as in the past, turning out
large ships as well, constructed and as
quickly as possible, but as long as Lord
Plrrle and he himself remained connected
with Harland & Wolff they would never
Increase the acreage of the firm in Relfast.
Indeed the natural trend of things was
In the other direction.
Turn Baalnesn to Clyde.
Any work they had to do would go to
the Clyde, and he said that emphatically.
There was a fine yard there and there was
every opportunity of extending. As re
gards Southampton, h said they had al
ready started a large repairing works
there and there was also plenty of ground
there for shipbuilding purposes. The ar
rangements for going to Southampton with
these Improvements were under way long
before It was even contemplated to remove
the White Star Line or any other of the
fleets for which they built. He hoped that
Belfast and Ireland would still go ahead
and he was only sorry that such short
sighted policy had been allowed to go In
the harbor board office for the lust five
years or so. It bad been a standing source
of trouble. They had allowed not only
their docks, but their entrance, to silt up,
Bnd In some Instances they had had the
greatest difficulty In Inducing these offi
cials to remove the silt even before the
launching of a ship such as had Just been
launched.
The disposition of the new "shipbuilding
trust" to discriminate against Ireland In
general, and Belfast In particular, and the
removal of several other notable manufac
turing Institutions, has caused an atmos
phere of gloom to prevail In business cir
cles. One of the largest of these manufac
turing concerns has Just decided to remove
a portloh of Its works and send a part of
Its employes to Troy, N. T., though a portions-will
remain In Belfast. The name of
the concern Is the Sirocco company, an
engineering concern whose specialty Is the
manufacture of fans, etc. The gloom
caused by the announcement that this con
cern would send a large portion of Its
men and machinery to America was some
what dissipated by the publication of ex
tracts from a Scranton, Pa., . newspaper.
This particular Pennsylvania newspaper In
reporting the' proceedings of the Board of
Trade of Scranton stated that the Sirocco
company manufactured linen, and that a
learned discussion had taken place In the
Scranton Chamber of Commerce as to the
chances of that city capturing the Amer
ican plant, It being argued that the con
cern manufactured linen and that Inas
much as there was a disposition among
linen manufacturers to centralize their
plants the removal of this Institution might
naturally be expected to cause others to
follow, with the result of a large number
of linen factories being centralized In
Scranton. Inasmuch as the name was se
lected originally because of the ability of
the machines to cause hot air to circulate
after the fashion of the slrroeo of desert
fame, and the concern ha never had any
thing to do with the linen Industry, the
Joke was readily anpreclated here and In
Belfast, the error Into which the Scranton
Board of Trade having tumbled being the
cause of much merriment.
Visitor to Dublin Exposition.
Among the recent visitors to the I"ublln
exposition may be mentioned one of the
most prominent and representative Irish
men of New York state, Mr. Richard
Monan of Buffalo. Mr. Monan Is really on
his way to County Down, his native "place,
where he Intends to spend his summer
holiday. Mr. Monan was interviewed about
the situation that has arisen in consequence
of the rejection' of the Irish council bill by
the Dublin convention. He stated that he
had found that that decision was thor
oughly endorsed by the Irishmen of the
great city to which he belonged and that
they held tho view that fir the Irishmen
at home to accept half measures would be
almost certain to prove fatal to the whole
movement. Asked whether this was the
view . taken by Irish-Americans gen
erally, Mr. Monan said that Irish-Americans
could hardly take any other view,
and that aiming his acquaintances on the
other side nf the water he had yet to hear
of a single Irish-American who approved
of the measure.
The meeting of the Catholic Truth so
ciety, Just held, shows tnat the work of
the society Is rapidly expanding and that
Its executive is eager to push forward its
activities in every congenial and feaslhle
direction. There was a good deal of d'.s
cusssion with regard to new protects of a
more ambitious character than the society
has yt undertaken. It la argued that It Is
advisable for the clerical readers of the
day to be brought Into closer touch with
some of the results of continental Catholic
scholarship of the present day, though It
was agreed that the fields to be exploited
should be carefully chosen.
Irish butter merchants. who have
been quarreling for years with
their correspondents on the other
side of the channel as to qual
ity snd price, say that there is every pros
pect of an Improved market for Irish but
ter In Kngland by reason of the falling
away of the Siberian supply. It Is stated
here that no one could have imagined that
the Runso-Japanese conflict could hae
done a good turn for England, but this
appears to be the case. Indon Is getting
less and less butter from Siberia, although
largely dependent upon that source of im
port, and one reason for this la ssld to be
Uis (act tiiSt tU war luelf tsufcUt
REAL STUDIES OF ROOT LIFE
Bureau of riant Industry Carrying;
on a Palpable Work In
the Field.
The experts of the bureau of plant Indus
try of the Agricultural department are get
ting at the roots of the matter. This is
literally true, for the root experiments
with plants are the outcome ot a study of
the problems involved in wide and shallow
planting. in the former method, a preat
root development would enable the farmer
to do well with very little rain; in the lat
ter, his reliance Is entirely on rain.
Kxperlmenters have hitlurto been handi
capped by the absence of a device properly
to study root growth, but this difficulty has
been overcome by A. M. Ten Kyck, a mem
ber of the lmkota station. Mr. Ten Kyck
dug a treniii two feet wide about a block
of eatth In which wite growing some
plants, the roots of which he desired to
study. When the block stood out quite
i learly alone he made a lignt wooden lramo
to lit around It and ci vercd tliix with 'com
mon poultry wire netting. This held tl.a
earth in place and enabled hlm to pierce it
through with small wire rods, which were
then fastened at both ends to the netting.
When enough of these thin wire rods had
been run through, to hold up the roots in
case the earth was washed away, he co'
ered the top of the ground with a trTin
plaster of parts paste, which soon dried,
holding the plants be desired to examine
firmly around the base.
The subsequent stages of this process,
which has been adopted by the bureau ex
perts, Involve the washing of the earth
from about the roots with soft, warm
water, leaving them wholly exposed and
suspended upon the wires which had been
forced through the earth, it becpnes easy
then to lift the cage, with its piaster of
Paris roof, holding tho desired plants, to
such a place as desired for study. Care la
I taken to dig the surrounding trench deep
enough In the beginning to avoid the pos
slbillty of the roots being still connected
with the earth below.
The root experimenters have met consld
erable difficulties. For one thing the fine
threadlike portions of the roots are de
stroyed at their extremities by the warm
water washing. The threads, however, at
the points where they ended, have been
analyzed and It has been found that evon
at this early stage of the prvress of the
nourishment upward, the great chemical
work, the taking from the soil of lime,
Bodium, nitrogen and the like had been
completed by the tiny filament. Some
where, a little further on In the soil which
had been washed away, the work had been
going on. it Is the undtt standing of this
process which is now desired and which is
still apparently as far off as ever.
Nevertheless, some valuable results have
already been attained. Naturally the In
vestigations so far have concerned the
plants most valuable to man wheat and
corn, potatoes, beans and the like.
"Roots," observed one of tho bureau's
Investigators, "seem to possess actual
sentience in regard to their search for
water. One of the Interesting and valuable
results of this Investigation Is that now
science can determine which of the plants
are deep feeding and hence which are most
suitable to dry. Insufficiently watered soils
or instance, a species of wheat which
had the power to dig down six feet in Its
search for food and moisture would be
better adapted to the dry regions of the
west than one that could dig but four.
There are certain species of wheat which
do splendidly In naturally soft, sandy soils
but whose roots are too weak to dig
through heavy soils. This cannot be de
termined by simply pulling up a stalk. It
requires such an investigation as this
which the government has Inaugurated.
"Another thing which has been proved hv
the Investigation of root development Is
why land laid down to grass Is made better
It has long been known that when the wild
prairie Is first broken the soil Is mellow
moist and rich, producing abundant crons
After a few years of continuous cultiva
tion the rhyslcal condition of the soil
changes. The soil grains become finer,
wnicn is nan; the soil becomes more com
pact and heavier to handle; It dries out
quicker than It used to; It balks worse
and often turns over In hard clods when
plowed. The compact texture makes
difficult for the young roots of plants to
develop properly. It also causes an in
sufficient supply of air in. the soil and
manes it sticky when wet. dusty when drv
so that when loosened by the plow It Is
easily blown away. This Is because It
iacKs roots of the right sort-stout, hardy
deep-reaching roots.
"A little table of soil conditions Is being
rreparea tor regions In which these root
investigations will prove of especial value
which will prove Interesting and suirnesHv,
seeing that It may be modltied to suit al
most any region. It contains the fact that
an acre of soli to the depth of one foot
Is estimated to weigh J.lss.oro .pounds and
then tabulates the facts-namelv, that
within the first foot of soil there is found
o.ii. pounds of phosphoric acid. 3J.W7
jmunns or potash. 4T. .7 pounds of lime
Thus, within the reach of nearlv ev..-..
Plant Is found four times this sum ner
acre, for nearly all plants reach four feet
downward with their roots.
"It is figured out that this means enoueh
phosphoric add to supply the wants of l o
annual wheat crops and of the other con
stituents even more. The relation of this
to the root Investigations lies In the fad
that no root sh.o.ld be deprived for lack
of ample plowing f frPe FPa,.rl, alm
these chemicals for what It needs."
ARE BANK THEFTS INCREASING?
Klahorate Precaution. Have Failed to
Check Their Frequency u
-New lurk,
The recent bank defalcations which cul
minated in the sensational rohh-rv
Wh.dsor Trust company by Its model teller
Runyan. have resulted h, bringing into puv,'
, lk notice the fact a'r.-adv known to m.-n
...... ... mi. was or wall street, that
thefts by employes of the Kre:.. ,.,a!.y
Inclinations of N,.w y,k City have become
so common as to lie of serious c..:i, eni lu
I he controlling interests of iluse Institu
tions. Despite the nn. st elaborate precau
tions taken by bank otlii lals to ch. k tin-so
raids upon tie funds entrusted to th-dr
care, the record of embezzlement comn.lt
led sim e last February shows that In that
period there have been p per cent mure
defalcations in New York than In any other
city In the country.
The alarm which this widespread dis
honesty l as oc. asioned Is the keener be
cause of tiir out roverf able e id no- that it Is
on the increase. Detection and punishment,
although Invariably following the defalca
tion, have not acted as a deterrent. The
conclusion ha therefore been renel.ed thnt
stealing must tie made more difficult, and
to this end drastic measures are being
planned
Several of the large banking Institutions
which have heretofore exacted bonds only
from those of their employes to whose care
large amounts of cash were Intrusted, have
within tte last few months required txotn
1st MORTGAGE 5
Gold Semi-Annual Interest and
DIVIDEND
PARTICIPATING BONDS
OF THE
General Electric Power Company of California
$1,000,000
To be Offered for Public Subscription
FROM THE COMPANY DIRECT TO INVESTORS AT
96 Per Cent.
Thui Saving to tha Compcny and tha Bondholders all Profits Usually Allow t Undarwrftars.
The General Electric Tower Company of California wa3 incorporated under the laws of the State of California,
8etember 1905.
Authorised Capital Stock. . $9,000,000
75,000 Common Sbarca of $100 each. 15,000 Seven per cent Vrelerred Shares of f 100 each.
Authorised r.ood lasuo, ... S9.000.000
Consis'infr of v year 5 per cent Cold First Mortage Dividend Participating Bonds of a par Value of SI 00.
$300. S500 nnd S10OO. Interest payable October ind and March 2nd.
These Hoods not only Bear a Fixed Rate of Interest but Participate la the Profits of the Company.
From net rarnlarfa of (he Comvony after pavmeat of taterrsl na bauds, aoarallntf. malalrnaare. slnklatf fund Bad other
charaas. rilvld.ndi Mill first be p1d pro rata equally upua (he irt morigsga Roads outstanding and the I
Issued cetna
stock uatll each aliall have received 0 percent, per annum, lue com mo a stock lasua caaaat ba Increased wltbeut Bond
The Company will receive Buhscriptions for the bonds, payable as follows :
io on Application. uv on August I, 1907. iaV on October I, 1907. iH on December I, 1907.
IS on Allotment 121A on Sept. I, 1907. I2',ti on November 1, 1907. li,S( on February 1, 1908.
Payment in fall may be made on allotment or on the due date of any instalment and interest at the rate of
5 will accrue from the date of such payment.
The Bonds are redeemable by the Company October . 1937. or "fer 191a at option of the Company at ioC
Of the total authorized Bond issue. SO.OOO.OOO are reserved for England. France and Holland.
The remaining S3.000.000 will be sold ta the U. S. of which $1,000,000 is bow offered at Otit
All remaining Bonds will be sold only at par.
Security of the Bonds
The Bonds are a first cLarge npon all property now owned or hereafter acqalred. They are issued to
provide working capital for constructions, additions and improvements, made and to be made npon the Company'
properties, in the State of California.
The proceeds of this issve will be deposited with the trustee and will only be paid out by it on engineers'
certificates for works constructed and land and material purchased.
Interest at five per cent per annum upon the various instalments from the dates of payment until completion
of the Company's work (which it is estimated will take two years) will be deposited with the trustee and will be paid
by it on all instalments on the due dates beginning March a, 1908.
Applications will be made in due course to the committees of the London Stock Exchange and the New York
Stock Exchange tor a quotation tor ine uonus.
Director
HENRY T. SCOTT, Ssn Francisco, Cat, Chairman
Director Crocker-Woolworth Natloual Bank, San Francisco
( Trustee Crocker Estate, ban Francisco.
WltUAM H. UNDERWOOD, Rochetter, N. Y., Prenitnl
A X SCOTT. San Francisco. Cal . Vict-Pritidnt
President Pacific Hardware & Steel Co., San Frandaco
CBORciH W. PEI.TIKR, Sacramento, Cat, 7'i'MIbhi'
prriident Stite Bankers Association of Cnlifornia
Vice President The California National Bank, of Sacramento
GUY C. CAT. PEN, San Francisco, Cal, Setritary
Attorney at Law.
HENRY A. BUTTERS, Ssn Frsndsco, Cal.
President Northern Electric Company of California
JOB CRAICi. Woodland, CaL
Attorney at Law
MARTIN E. WOI LF, Rochester, N Y.
Director National Rank of Commerce, Rochester
Director Union Trust Company, Rochester
OBOROE W. ARCHER, Rochester, N. Y.
Director Merchants' Bank, Rochrater
Director Cnlon Trust Co., Rochester.
JAMES D. CASEY, Rochester, N. Y.
Director National Bank of Commerce, Rochetter
Director Vnion Trnst Company, Rochester
JOHN S. CAMPBELL. Butler, Prnnavlvania
Tresident Butler Liftlit, Heat and Motor Company, Butler
Director Butler Savings and Trust Company, Butler
Truateea for Bond laaee
CARNEGIE TRUST COMPANY, New York.
B a altera
CsRNEClTE TRUST COMPANY, New York.
THli CAUt-OKNlA NATIONAL BANK, of Sacramento, Cat.
Solicitors
Messrs, ASHURST, MORRIS, CRISP & CO .
17 Throgmorton Ave., London, 8. O.
Coanaela and Attoraeya
JOHN W. DORSBY, A. II. ELLIOT, San Francisco, CaL
Consulting Fndlnaaea
JOHN BOG ART, Esq., 16 Uxcliauge Place. New York
Member American Society of Civil Knginecrs
Member Institute of Civil Engineers, London
Messrs. KXNCAID, WALLHR. MANVn.LR at DAWSON,
9 Great George St., Westminster, London, . W.
Contractors
Messrs. W ALSTON H. BROWN & BROS., 4s Wall SL.K.T.
Auditors
Messrs DELOTTTE, PLFNDBR, oalPFITHS ft CO.,
London Wall Buildings, London, and 49 Wall St, IT, Y. '
Registrar and Transfer Atfeata
CITY SAFB DEPOSIT AND AOHNCY Co., Limited,
i Vhrogntorton Ave., London, B. C
CARNEGIB TRUST CO., New York.
Brokara
PERRIN at COMPANY, 1134 Grange DIdg., Rochester, N Y.
Proapectns
The bonds of the General Electric Power Company of California are secured by a FIRST MORTGAGE o,n 'all
lands, water rights, plant, terminals, transmission lines, retaining and storage dams, canal, flumes, pipe lines, standard
gauge high tension railway and ita equipment, rails, freight yards, ferry systems, docks and wharves and property of what
soever kind now owned or which may hereafter be acquired by the Company, including also the ownership of all the
stock of the Clear Lake & Southern Railroad, incorporated under the laws of the State of California, September, 1005,
with a capital stock off 3, 500,000, WHICH STOCK IS TO BE HKLD BY THE TRUSTEE.
The Company has been formed to generate electric power by the development of its water rights in the state
of California, and to operate an electric railroad. It owns in fee simple all its dam sites, reservoir sites, lands, aqueduct
right of way, power house sites and water rights for the use of all waters at ita location on the Mokelumae River. A
main dam 150 feet in height will form a reservoir with storage capacity of approximately 1,400,000,000 cubic feet
of water. Above this dam other dams and large natural lakes provide additional storage capacity greater than that of
the main reservoir.
From the main reservoir an aqueduct will convey the water seventeen miles whence it falls throngh riveted steel
pipes to the wheels of the power house 1230 vertical feet below giving 69,000 electrical horsepower at the power house,
or 60,000 net H. P. for sale.
1 his power will be transmitted on lonrf distance lines which will pass f hronsh fifteen different conntlea
of Central California, embracing all the principal cities, in which the demand for power Is enormous. No
Siwer company selling power commercially ia California has ever defaulted its interest payment or failed to pay satia
ctory dividends.
Electrification of Railways
Central California is preparing to follow the East in the electrification of railway lines, covering hundreds of
tnilea of tracks. Immense construction of Interurban lines are in progress, others projected ; aggregating 500 miles, all of
which require large amounts of power. Nothing can compete with electric power generated from water falls.
Nntwltaalandlnd the almost unlimited market for power, the Company for sound bu.vlaaaa reaaona. are Berfetlatlntf ad will
conclude a contract for Iba sale of 45. OOO borae power deliverable when thalr planta are completed and placad In opernnoa,ol
pricaa wblcb produce a revenue two and one-half tlmea the fixed lutcreat payaucuta upon lha bonds, thus affording a guaranteed
aad exceptionally eolld aacurity for iba iaveataienl of funds.
Clear Lake and Southern Railroad
IS OWNED ENTIRELY BY THE GENERAL ELECTRIC POWER COMPANY OP CALIFORNIA. Thla road runs between Saa Frandaco
and Lskeport. a beautiful resort 130 miles away through a rich agnctiltutal region abounding in mineral springa.
The reports upo., the Clear Lake and Sou I hem Kailroad, made by the Engineer fur the Company, caUuialcs the total annual revenue
earned by the railwav 10 be - - - $90,000
Leu operating expenses, Including depredation, taxes, etc., sw.teo
Total annual net earnings of Railroad, f 350,330
Total Yearly Profit
It is expected thst the General Electric Power Company will be delivering Its entire output of power In two years, at
which time the railroad will also be in operation. Taking power at an average selling price of $40 per H. P. per year
and which is 25 less than it can be produced in California by using the cheapest fuel (crude oil), gives ; ' '
60,000 electric horse power at 40 ..... 2,400,000
Maintenance and depreciation, including operating expenses, insurance, taxes, Interest on bonds, sinking fund, '900,000
Total annual net profit from power . $1,500,000
It is conservatively estimated after due allowances are made for constructing contingencies that the first three
years and thereafter of operation the company will produce yearly not less than :
From the sale of power - - $1,500,000 From the railwav - . $350680
Total Yearly net Earnings, ... $1,850,680
It is important to note that net earnings of $1,850,680 annually would provide an additional flva par
cent, dividend on the bonds, and a surplus equal to three times the fixed interest charge.
Assets
Conservatively put, the assets of the Company upon the completion ot the plants and railroad, will cxccW
$15,000,000, or $6,000,000 in excess of the bond issue.
Contract for Construction
A contract for the construction of the entire power plaal and electric railway baa bean entered Into with Measra. Watatoai
Brows H ftro.. Railway Contractors. New York Clly, by which they undertake lo complete tba aallra work apon moat favorable
ternia lo the Company with a OU A It A.N I IL as to the total cost and as to the time si construction.
Messrs. Walton H. Brown Si Bros, are one of the lending conUructiou firtns in the United Statea having aatiafactririly completed under
takings of such magnitude aa Buffalo. Rochester & Piltaliurg Ry Chicago, hi Paul At Minneapolis Railway and the New York Chicago St
bt. Louis Railway (.Nickel Plate). They are now engaged in conatiuclmR a tunue! undtr the East Kiver (New York to Brooklyn).
Extracts from Report of John Bofcfart, Consulting Engineer
In his report, after a careful s'u.ly of physical and industrial conditions in California, Mr. John Bogart. Consulting Engineer, atatea i
rower i avHii.me in imc iuuuui. .1 acicucu loiuuuu, iuu ik cau uc ucveiopeu at a cost wntctt will warrant all the investment
reniiired for such devrluDtncut.
There is nt present an existing demand and market at remunerative rates for electric power to an extent that will give direct and imme
diate return on the invrstuieut.
' There is a prumise in fact, an assurance, of an increasing demand for power lu the region to be served by this enterprise ThU demand
will be such as to atjaurb wiihin a short time all the puwei avaiiulile from this source
" The proposed railway will traverse a rich countiy now without U.lliuea of transportation which with Its present population and Indus,
trlea will give immediately a Urge trallic, and which, with the facilities to be afforded by this railway, will incirase both in population aad
industries to an extent that will niake the railway a desirable part of vein propertie-.
"Your Company will bava available lor aala not less than riO.OUO horee-power of electric current. A very few yeara
ago this would have eaem'-d ruormoui. la California to-day It will not supply the demand.
" In the Ciiv of San htaocis. o I fouud Hint the d, maud ia insistent lor electric current at the prices toi with the regularity could
guarantee. I think, however, that you will hnrl a market much nearer your power plant for all the H. P. you will produce
" Outside of san PrsncUco and within the ilntn. I to he supplied t-y your Company there are many cities and many towns with manufac
tories and other industries, and with electric roads and lighting, for all of which electric current created by water-power will be more
economical than that now furnished l,y sttam
' I also Renort that the engineering problem involved in the development of these powers, and in the construction of the railway arc
such as can rea lilv be solved by esperi design and experienr-d directors "
" I am convinced thnt y iu will be w.-ll satisfied with the undertaking upon the completion of the works you Bow Dronoae to construct, and
Will find, as I have already intimaled, a highly prontable result." v m luu"""-S
M. J. Greevy (St Co.. 414 Bee Bldg.
every clerk, no mutt' r what his particular
oci tiput lull, h K'jui'Hiitce of liis honesty. In
the case of a clerk who does not hn'ilc
funds, a Imnd of ab ut Is now 1 lug
ri'tjulreil. anil the a;inrjnt !s Inm-ascd In
acciiriUim with the rest uiialtiUity.
The estiihlishrn.-nl of thin systii. in ca cs I
w here l.uii'li'i ls of nu n are employed, l as I
entailed consi-leralile expense, for In nu'M j
cP the Instant , h the ileiki-' are no! required 1
lo pay the li.,niiin Institutions. Hut the
expen-sc has been denied necess.'.ry In I
Many ea.ses. arid the employers are nnv.
contemplating ih,. putting up of additional j
safeguards, which will cost far more than '
does the bonding ,,f their etnolo)
The surety c.mi ani, s. tor t! ir ow n par- 1
ticular reason.-, ar.' ci-npcraU"g with the
hanks ami ot'i.r institutions which I. ace
called upon them to make good losses from
theft. So strict a watch ilu they keep upon
the men for whom they have given bond
that scores of detectives are belnK em
ployed to scrutinize their most casual ac
tions. Hank clerks In New York City are
being watched aa they have never iici-n
before. They are being followed from their
places of employment to their homes, and
Irom their homes to plates ut fuiiujscmciu.
Fo close Is he wMdied, indeed, that com
plaints have recently been made by men
.lio resented the snsp1e,,n they have to
nilure. Tin s.- men have demanded to know
why they wore being tullowed. Tiny have
In, li soothed, hut the v jiihince has not
It, en relax' ,1.
Fro. 1 1 Information furnish.-, ,y one of
the great detietUe bureaus it has been as
certained that st, al'n has ! come so com
nwn In the Mmim IhI d'siiiet that practically
every m;;n bundling fund. Is now under
mispleii.n And tl.e chief reason for this
su.-ph lull Is said to be the know ledge that
men in KUeh positions are t , mpteii-lo re
moie thun in any oilur Ainetlcan city lo
Speculate In Stt.eiiS.
The luiinl of embezzlement shows In
l.iO.,t i uses that the roeeeils of the thefts
have been fritteie.l awiiv by dabbling In
the market A fortune has Uon hoped for
by the embezzler, but has not been real
ized. iJetectivea declare that the coinlii Ion con
fronting financial institutions Is most sil
ous. Tf.ey point out that clerks In this city
become. Indifferent to the vahio of money.
In their day s work they witness the Jug
gling tit lui.Uvi.a. liiu c.auinle cf thvlr
suriors, who frequently muku a fortune
In a day, Is not lost. And the temptation,
to teat fate on their own account la great.
New York Times.
Muslim, of the (.enlle t's'nle.
The pessimist Is never out of a Job.
It Is hard for the man Willi a grievance,
tu stick to the, truth.
A girl may wear fast colors without being
that kind of a iiiil.
Tomorrow Is an uncertainly, and even
today Isn't a aure thing.
It takes two to make a quarrel, and gen
erally both are wrong.
M.cliy a man dines at expensive places
men ly to feed his vanity.
If the devil Is the father nf lies, he niut
' havo a nilgluy big family.
lie who realizes bis own weakness
thereby adds to his strength.
The world blackens the characters of
Borne men and whitewashes others.
Me who banks on luck should hire some,
other fellow to take his risks f ir hlin.
The Mongolians are not the only people
who have a streak of yellow lu them.
There Is quite a difference between get
ting on top and being laid on the shelf
its of fellows feel that ou are not
treating them riKht If you Ink" lliein !
a soda water fountain. New Vork Tlmea.
If you have anything to trap; advertise
It In the For Exchange columns ! The
Cue Ytmt Ad (ges.