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About Omaha daily bee. (Omaha [Neb.]) 187?-1922 | View Entire Issue (Jan. 14, 1910)
N, The Omaha Daily Bee THE OMAHA DEE a clean, reliable newspaper that Is admitted to rach and erery home. WEATHER FORECAST. For NfbrRKka Snow and colder For Iowa Snow and coldor For weather reiwrt see page 3. VOL. XAXIX-NO. 159. OMAHA, HU DAY MORNING, JANUARY 14, 1910-TEN PAGES. SINGLE COPY TWO CENTS, REID OUT OF UOCJUSLAND? Rumor that Hit Holdings of Preferred Big Steamship is Damaged by Heavy Storms Hamburg-American Liner Loses Fort Rail and Five Passengers Are Hart TO REORGANIZE THIRTY DEAD, ONESURVIVES Steamer Czarina is Wrecked on Spit at Entrance to Coos Bay, Oregon. DRIVEN ONTO BAR BY STORM THOSE COMPANY Committee of Five Mien Appointed to Stock Are Taken Over Fut Omaha Independent Plant on Its Feet. e -7. AGREEMENT FOR BONDHOLDERS r Moore and Fi WALKER HEAD OF 1 Former Assistant Counsei Holding Compan) ALSO CHAIRMAN OF V v J Mr. Rcid to Remain Director in Each ' Corporation. ECHO OF RECENT MANIPULATION rrriMcnt of Wall Street Eirhiage Huyn execution of Ilia; Order Could Onlr lilstnrh Market. NICW TOKK, Jan. IX Important 'dimmed aro pending In ths Rock Inland company and Its affiliated properties other than the announced elevation today of Rob ert Wiilker, former assistant general coun sel of the Chicago, Rack Inland &. Pacific railway to the prenldincy of the Rock Inl and company to succeed Richard A. Jack eon, resigned. These changes, It la said on high author ity, Involve the taking over of Daniel O. Reld'a holding! of Rock Inland preferred stock by prominent banking Interests act ing In . conjunction with certain foreign flnanclera. According to well defined Infor mation William II. Moore of the Rnnlt Inland company la conducting the negotia tion! for the banker! and the consumma tion of the deal will carry control to Mr. Moore and the proponed new Interests. Varlout reports in connection with Mr. Jackson's resignation were current, but no confirmation wan obtainable In official quarter!. It Is generally believed hla re tirement resulted from a rupture of hi! hitherto friendly relations with Mr. Reld. ' Held Practically Retired. Mr. Walker succeeds Mr. Reid as chair man of the board of the Chicago. Rock Island and Paclflo company, but Mr. Reid remains as director of the Chicago. Rock Island & Pacific company and of the Rock Island company. The elevation of Mr. Walker coincident with the suspension of the member! of tho Stock exchange for their participation In that t-'.OOCO share market order that sent Rock Island up 81 points In a Jiffy, la taken to mean that William H. Moore in the future will be In more, active direction of Hock Island affairs. Thd supposed difference between Mr. Reld and Mr. Moore are said to have some con nection wtlh stock exchange transactions. Brokers Are Suspended. The suspension of O. B. Chapln and F, D. Countlss were announced from the stock exchange by President Thomas today., Accompaiiyjng; -the- announcement waa a statement by the governors of the stock exchange, who, after reciting that the of fending firm had received an order for the purchase of the 40,000 shares of Rock Island itock and gave It out to other brokers to execute, said: "Tliat Bald flim and members thereof should have known that execution of an order In such a manner could serve no proper or legitimate purpose; that It would cause panic, confusion and loss, and deprive- the quotations of transactions from the exchange of their value as standards of the real market value of securities. "That tho execution of said order In said manner by said flim constituted a misuse by them uf facilities of the ex change and was an act detrimental to the Interests and welfare of the exchange." KCHIFP LEA VES I .MOS PACIFIC Succeeded on Board hy Otto H. Kohn, Netv York Banker. r.vv YORK, Jan. 13.-Jacob H. Schlff has resigned from the executive committee anil directorate of the Union Pacific and Southern Pacific companies. Mr. Schlff Is succeeded on the Union Pacific board anil txecutive committee by Otto H. Kuhn of Kuhn, Loeb & Co., and on the Southern Pacific executive committee and board of directors by Mr. Schltfs son, Mortimer L. Schlff. Mr. Schlff also retired from the executive committee and directorate of the Oregon Short Line, where his son also succeeds him. The Oregon Railroad and Navigation company"! directors have elected William Mahl, the comptroller, to tho vice presi dency, to fill the vacancy created by the election of Mr. Lovitt to the company's presidency. New directors chosen to the board of that company aro Mortimer I Schlff. Otto H. Kuhn, R. U Gerry and Wllllart Q. Rockefeller. These, with Henry C. Frlck, were chosen to. the executive committee, which was Increased from five to seven, Messrs. Lovett and Mahl being the other two members. ( Merer!. Rockefeller and Kuhn were also added to the Oregon Short Line directorate and executive committee. ' FORMER OMAHA PASTOR IN FIELD WORK FOR COLLEGE RT. A. C; Christy Drown Elected to Responsible Place In Wiscon sin School. WAUKESHA. Wis.. Jan. lt-(Speclal.)-ReV. A. Christy Hrown. D. D., formerly superintendent of missions In North Dakota and recently connected with Jamestown college, haa been called to the position of field representative and special lecturer of Carroll college and entered upon his du les. Dr. Brown Is a graduate of Western Re serve college and Union Theological lumi nary and haa held pastorates In Peoria, 111., and In Omaha. He Is a man of large ex perience In educational work and Is ex pected to become a great factor In the further development of Carroll college, ehlch has large plana for the Increasing of Its endowment and erection of new build ings. Dr. Brown will co-operate with the board of trustees and the president of the college in developing these plana Hla fam ily li at present In Fargo, N. D., but will later move to Waukesha. WARN EffS NAME TO SENATE President Taft Nominates Vultcd Matea Marshal for Sec ond Term. WASHINGTON, Jan. U.-Special Tele-gram.)-Presldent Taft sent to the senate today the nomination of William P. War ner of Nebraska to be United States mar shal! for the district of Nebraska. PLYMOUTH, England, Jan. 13. Captains of steamships arriving from the westward Vtport the severest weather during the last veek that has been experienced In a trans- lantlc voyage (or a long time. 80 i be learned none of the linen la Bo far a! making , .iedule time, NEW YORK, Jan. IS. Wirelesa reports received here today Indicate that the At lantis Steamship line Is swept by severe storms which have worked havoo to at least one ocean liner. The worst sufferer from the wild weather, so far as reported, li the Hamburg-American steamer Kalserln Augusta Victoria, which, according to the dispatches, put Into Plymouth with Its port rail torn away for a distance of fifty feet by a wave that caught and threw down a score of passen gers who were on deck, five of whom were quite badly burL The giant comber almost threw the ship on Its beam ends, but It rose to the attack of the seas and rode out the rest of the storm without further injury. Its captain declared the tempest the worst he had ever encountered. Another vessel In the track of the storm Is the Cunard liner Lusltanla, due here to night, but reported running through heavy seas and twelve hours late. Wanted to Elope, Takes Army School Harold Pritchett Compromises with His Father and Goes to Jeffer son Barracks Academy. ST. LOUIS, Jan. 13. (Special.) Former United States District Attorney George K. Pritchett of Omaha, Neb., arrived in St Louis yesterday with his son, Harold Prit chett, and put the lad In. charge of the authorities at Jefferson barracks In an ef fort to keep the boy from getting married. Harold, who Is 18 years old, was restrained with difficulty from eloping at Omaha, and, according to hla father, desisted from his desire only on one condition that he be allowed to enter West Point. I Aa a result of his son's decision, Mr. Pritchett secured his appointment to the Military academy, and yesterday arrived with young-Pritchett and personally took him to Jefferson barracks, where he began his entrance examination test. The elder Pritchett waa formerly a captain In Com pany E, One Hundred and Twenty-sixth New York Infantry, and saw service dur ing the civil war. Federal Control of.Open;Range Live Stock Men Endorse Pinchot Over Protest of Colorado Delegates. DENVER. Jan. 13. The National Live Stock association at Its final session today overwhelmingly declared In favor of fed eral control of the open range. Despite the proteests of Colorado delegates the resolution commending the administration of Glfford Pinchot and advocating a range lease law under federal control was adopted. Resolutions condemning the Payne tariff law, advocating the Increase of power of the Interstate. Commerce commission and the fixing of a minimum speed limit for stock trains were also adopted. No Change in Forestry Policy Prof. Graves Expresses Himself in Favor of Methods Used by Pinchot. NEW HAVEN, Conn., Jan. 13. Prof. Henry S. Graves of Yale, newly appointed national forester, today expressed himself In favor of the policy pursued by Mr. Pin chot as chief of the forestry service. 80 far as he knew, there would be no re organization of the service, said Prof. Graves. His only policy waa the conserva tion of the public resources and this was being done. C. H. DIETRICH WILL SOON LEAVE FOR WASHINGTON Ex-Senator Much Improved, bnt Will Meed Complete Rest for Sev eral Months. Former Senator Dietrich, who has been at the Methodist hospital several months, will go to Washington next week to remain there until summer. Although much Im proved In health his physicians' have pre scribed complete rest for several months to prevent a recurrence of his recent col lapse. Divorced Patriarch Finds Wife Has Wed Another A man of advanced years walked Into the office where Charles Furay, marriage license clerk, dispenses at $2 each, permits to endow a girl or widow, or divorcee with all one's earthly goods. The Patriarch wore a brown overcoat, a long white beard, and a perturbed expres sion. He stood first on one foot, then on the other. His manner was decidedly fidgety. Finally he spoke: "Kin you tell me, young feller, If Mrs. Lydy Heckler got a license to wed today T" Mr. Furay consulted the book and re plied: "Yes, Mrs. Lydla Heckler, aged W and James Raynor of Hillside, aged 76, are duly authorized to hitch up." "Well I swan." murmured the patriarch In pensive soliloquy. Then he departed without vouchsafing his name. It Is sus pected that he Is the first husband of Mrs. Heckler. The two were divorced, two years ago. Waves Break Over it and Crew Takes Refuge in Rigging. DROP INTO SEA ONE BY ONE First Assistant Engineer Ashore on Plank. Drifts LIFE LINES ARE TOO SHORT All Efforts Prove Fntlle and Crotvd on Shore See Benamhed Me Fall Into the Icy Waves. x MARSHFIELD, Or.. Jan. ll.-Another tragedy of tha sea haa been written Into the records of marine disasters on the grim North Pacific coast, through the loss of the Iron steamer Ciarlna yesterday afternoon on the north spit of tha Cooa bav bar. with a loss of thirty, Uvea. A solitary survivor. Harry Koniel, first assistant engineer of tha wrecked vessel, Is the only living testimonial to heroic efforts made by the United States Ufa saving crew and citizens of Marahfleld to help the doomed strip's company. Kentzel's escape last night Is a wonder' ful story of man's endurance and physical strength. When the ship piled on the rock, with six or seven others he Jook to the rigging of the foremast. See. after sea smashed over the vessel, the decks were awash and wreckage was floating- about Suddenly a tremendoue sea swept the ship and Kentzel and his companions were washed from their places. Kentsel was swept toward land, but time and again he was carried out to sea by shift Ing currents. He managed to get hold of a piece of timber and waa slowly driven shoreward. As he neared the bench he could see the rescuers. Then consclousnosa left him and he knew nothing more until he came to on the beach beside a big fire. He had been broifght back to life after several hours' vigorous treatment. He Is In the hands of physicians and tonight Is on the road to recovery. Kentzel lives In Son Francisco. , Six Survive Night. When darkness fell last night it waa be lieved that all on board the Czarina were lost. The boiling combers dashed over the vessel and It seemed that no human being could live through the terrible night. But when the first gleam of dawn came those on the beach described six forms in the rigging of the only remaining mast and hope was renewed that the day would bring theit rescue. But the gale showed no signs of abating. Suddenly one of the six men dropped into the sea. Soon aonther surrendered and then a third was seen to fall Into the water. A little later and the watchers on shore saw through their glasses the last fight of brave men facing death. As if by agree ment they began to rid themselves of their heavier clothing and then together- they sprang Into the boiling sea. They were not seen again. The identity of the six who survived the terrible night never will be known defin itely, but it Is believed they were Captain C. J. Duggan of San Francisco, Second Mate John McNlchols of San Francisco, First Officer James Hughes of San Fran cisco, Harold Mlllis, the only passenger, son of General Manager C. J. Millis of the Southern Pacific company in Marshfleld, and two sailors. Start Hade In Storm. The Czarina left here yesterday after noon in the face of a storm, bound for San Francisco. It had braved many gales and the commander apparently saw no reason for delaying Its departure. He wished to take advantage of the tide and steamed slowly down the bay toward the bar, a few of young Minis' friends and friends of the crew remaining on the wharf to wit ness Its passage over the bar, which was breaking badly. Suddenly a series of big seas struck the vessel, pitching It about, but It continued to fight Its way on .toward the open sea. Then something happened. What It was will never be known. The vessel appeared to stop and sea after sea struck It, some waves piling over Its decks. Then it be gan to drift rapidly toward the ugly North spit. It is probable that something went wrong with the rudder, as the ship seemed to be beyond control. Then its anchor waa dropped, but it would not hold, and with Its rudder out of commission and big seas pounding It, the Inevitable happened. The ship struck the spit and there it hung. Life Lines Fall Short. Newa of the disaster spread quickly and In a few moments the beach was lined with people. The life saving crew was no tified and a tugboat waa sent out, but no boat could approach near the vessel and keep afloat The life aaving crew made several attempta to fire life lines over the steamer, but all fell short When dark ness came virtually all hope that any would be saved was abandoned. A little later, In came J. Herbert Kough of Omaha. Mr. Kough was seeking a li cense to marry Mrs. Anna Kough. A di vorce decree severed these two, but life apart is deemed unhappler than life to gether. County Judge Leslie performed the re-unltlng ceremony. A third visitor of the day waa a young woman, who came to hand Mr. Furay $1, cash in coin of the realm. Not long ago an Impecunious bridegroom-to-be with more devotion than ducats waa getting a license at 4 66 p. m. When it was necessary to hand over $2 for the permit he was unable to come through. He was to be married that evening and, so for the first time, the obliging Mr. Furay broke hla rule not to lend Impecunious bride grooms the price of a license. The II has thus been bald back by the groom, but the query arises, baa the clergyman yet got hist 1 i Will it Be a Case From the Philadelphia Record. LAMPpERE TELLS OF CRIMES Accomplice of Mrs. Gunness Describes Methods of.Mnrderess. ADMITS HE KILLED WOMAN With Companion He Chloroformed Her and, Children and Bnrned House by Accidental Spark Set by Candle. ST. LOUIS,' Jan. IS." fty; Lewtphere. who died recently in tho Indiana penitentiary at Michigan City while serving a life term for complicity In the murders on the farm of Mrs. Bella Gunness, near Laporte, Ind., did not carry the secrets of the Gunness charnel farm to the tomb with him, ac cording to a, copyrighted story Id the Post Dispatch today. When he believed death was near he confessed. The confession was made to Rev. Dr. E. A. Schell, formerly pastor of the Laporte Methodist church, now president of Iowa Wesleyan university at Mount Pleasant, la., and held by him Inviolate as a secret of the confessional. The Post-Dispatch saye Rev. Mr. Schell would verify, If he would consent to break the silence, the oonfesslon It publishes. The Post-Dispatch however, says the confession It publishes was made to a man of unassailable char acter. Lamphere, according to the oonfesslon, had a guilty knowledge of the murder of three men In the Gunness home during the time he lived there, about eight months in 1907, and he assisted Mrs. Gunness in dis posing of the bodies of the three men. Chloroformed Mrs. Gnnness. He said ne thought he had not received as much of the profits of 1 the transaction as he considered himself entitled to and he went to the house at night with a woman, chloroformed Mrs. Gunness, her three chil dren and Jennie Olson. He and the woman then searched the house, finding between 00 and 170. The light they used was a candle and they loft the house' without knowing they had left behind a spark that soon burst Into flames. Mrs. Gunness' method of killing her vic tims, Lamphere said, was- first to chloro form them as they slept and then If the drug did not Itself kill to sever the heads with an ax. Each time a man was to be murdered, according to Lamphere, she sent him to purchase chloroform. Lamphere said he saw one of the men killed and aided In burying all three. These men were Andrew Helgeleln and probably old Budsberg and Tonnes Petersen Lien. Lien, Lamphere thought, was the third husband of Mrs. Gunness. At the time of the Lamphere trial It waa thought Jennie Olson had been killed by Mrs. Gunness. Lamphere, however, details how Mrs. Gun ness had secreted her In the house after she returned from a visit and she was chloroformed by Lamphere and hla accom pi ice. First Victim from Minnesota. The confession sayi Mrs. Gunness In formed Lamphere of the coming of her r (Continued on Second Page.) Let us help you find the room you want. On the' Want Ad page of The Bee you will find a list of practically every vacant room in Omaha. The people who have rooms to rent are learn ing that the way to secure ten ants is to advertise the rooms in The Bee. Have you read the want ads today of "The Bigger the Man the Bigger the Stick?" NorfolkMayor in Ouster Suit Just Like Jim Fellow Democrat Charges Mayor Fri day with Failure to En- , force Law. NORFOLK, Neb.. Jan. 13,-f Special Tele gram.) The filing of a demand withCSov eroor Shallenherger by AMwrtsCJS a local building contractor, calling for the ousting of Mayor John Friday of Norfolk, today caused a political sensation here. Morrison alleges that Friday has failed to enforce laws providing for the suppression of disorderly houses. The state law pro vides for the removal of a mayor neglect ing to enforce the law. Morrison also filed complaints against four alleged owners of Norfolk houses, rented for Immoral pur poses. He claims to have evidence. Morri son and Friday are - both democrats and Morrison claims to be friendly personally to the mayor. The alleged owners com plained of are Fern McDonald and the Eble estate of Norfolk, A. It. Walters of Bloomfleld, Louis Sheldon of North Plutte. Farmer Killed in Fight with Knives One Man Disembowels Another in Drunken Row at Aber deen, S. D. ABERDEEN, S. D., Jan. 14. (Special Tel egram.) In a drunken row on the Beard farm,- two miles east of Aberdeen last night, Charles Storch, aged 40, a renter, dlBembowled Robert Franke, a farm band, aged ?5. Franke died In a hospital here two hours later. Storch and Monka, an other farm hand, the only witnesses to the killing, came to town and gave themselves up to the sheriff. Storch, who Is a small man, claims Franke waa getting the best uf him when he seized a butcher knife and bade Franke keep off. He claims Franke stumbled and fell on the knife Jealously Is alleged to be at the bottom of the trouble. Storch is married and has four children. Franke Is single. CONGRESS NOTJOR ESTRADA Resolution to Recognise Iniurgenl Leader aa President Is Tabled. WASHINGTON, Jan. 13.-Congress will not direct the president to recognize Gen eral Estrada as president of Nicaragua The house committee on foreign affairs to day laid on the table Representative Sul zer's resolution providing for Estrada't recognition as the "legitimate" president. River Near Flood Stage; Break in Gorge Only Hope 6T. LOUIS, Jan. 13 The Ice gorge which broke In the Missouri river at Hermann last night reached St. Louis this morning at 8 o'clock. Hetween 7:30 and 8 o'clock the Mississippi river here rose more than a foot and the gauge stood at 2S.7 feet. The gorges below the city continue to hold and damage to shipping may result from the Ice and high water. The danger stage Is 30 feet. The weather bureau notiflul business houses along the river that the flood stage is likely to be reached within twenty-four hours If the Ice below St. Louis does not break. There Is a possibility of the gorge breaking. The ferry boat Madison at Venice, III., waa sunk by the gorge coming down the river. The wharf boat was torn from the moorings and floated down the river. The gauge here stood at 27 feet at 9:30 o'clock, a rise of 1.3 feet In an hour. TOPEKA, Kan., Jan. lJ.ttrldgis across FIGHT ON FEDERAL LICENSE Administration Corporation Bill Will Require Active Backing. MUST DEFINE RIGHTS OF STATES Congressmen Will Demand Clearly Defined Limits Where National ised Concerns Are Affected by State Rrarnlatlona. WASHINGTON;- Jan.-18. Now- that the main features of the bill to be recom mended by the president providing for a ferim-al Incorporation act have become known there is a disposition on the part of many members of congress to insist not only upon a full discussion of the measure but upon amendments which will in their Judgment be necessary to make it effective In dealing with great corporations. Indeed It Is believed that nothing short of trem endous administration Influence will enact It Into law. The need of a forfeiture clause by which a corporation persistently violating the law can have Its charter revoked Is declared to be absolutely necessary If corporations are to be effectively controlled. Muny congressional lawyers advocate compulsory Instead of voluntary federal In corporation. They cite as sound the gen eral principle that If congress has con stitutional power to grant voluntary char ters to corporations doing an interstate buslners, It haa power to require corpora tions doing such business to take a fed eral Incorporation Just as it has power to require them to comply with Its laws regu lating Interstate commerce. Affect on State's Rights. Among the questions that will come up for consideration Is thai relating to the effect of federal Incorporation upon the right of states to control and to tax the property of such enterprises. Some members of congress will wish to havo the rights of the states clearly de fined In respect to such matters as regu lations fur sanitation and factory Inspec tion. They will also wish to reserve to the states their right to tax such property after the corporation has assumed Its fed eral character. Some of them will wish., if possible, to separate the slate from the Interstate business so that the states may still have power to control in ie-pect to business conducted by the corporation solely within the state. In twenty-one sections Attorney General Wlokersham has embodied the Ideas of President ' Taft and his cabinet regarding a system of federal incorporation of busi ness enterprises. The bill Is expected to be laid before Congress next week. The principal feature of the bill will be the creation of a form of holding company under the national charter which may c.in ;rol business of subordinate companies or ganized under state laws. Proper limitations will be provided (Continued on Second Page.) the Kansas river at Wlllard, Valencia and Lecompton were swept away during the night by Ice Jams. The water reached Its maximum early today and then began to fall slowly. On th Marals lies Cygnei river a gorge formed against a bridge two miles eat of Ottawa and by this morning It had ex tended to that city, blocking the channel. The water was rising rapidly this morning and a force of men started out to dynamite the gorge In an attempt to prevent a flood. LAWHENCE, Kah.. Jan. J3.-The ice gorge In the Kansas river reached Law rence today, carrying out a wsgon bridge, and causing several thousand! dollars loss between LeCompton, eleven miles west, and Lawrence. The Ice as It moved this way was tossed forty feet Into the air. All traffic between Lawrence and North Lawrence waa stopped and the electric light plant wai shut down. Schools In North Lawrence were closed. Articles Drawn Up and Mailed Out staling xerms. DEFAULT IN INTEREST THE CAUSE Uncompleted Condition of Plant Also Factor in Movement MODE OF PROCEDURE TO BE FIXED Process of This Reoraanlsn tlon May Be by Mortanae or Otherwise, s the Committee "hall Klect. A reorganization of the Independent Tele- , phone company of Omaha Is being worked out. A committee composed of these men has the scheme In charge: Frank H. Woods, president of the Lincoln Independ ent Telephone company; Edson Rich, gen eral attorney for the 1'nlon Pacific Rail road company; Lysle I. Abbott, attorney at law; Frank B. Johnson, president of the Omaha Printing company, and Frederick W. Stearns of Chicago. Notices of the plan were last night sent to the bondholders, who control the prop erty, and a tentative agreement that will bear dnte of December 18 haa been drawn and submitted to them. This agreement stipulates that inasmuch as the company defaulted In the payment of its seml-annunl Interest on April 15, 1909, and October 15, 130.1, and made no pro vision for the further payment of It and "that whereas the telephone exchangn constructed by the company Is in an un completed condition and no provision haa been made for the completion of the same and the development of the business of the company and the bondholders, par ties' hereto of the first part, desiring to unite to protect and enforce their rights and to secure a wise administration of the property of the said company deem It necessary that a committee should be ap pointed with full power to Investigate the conditions, af falls and status of the prop erty and to take such action with regard thereto as to them Bhall see hi advisable, either by foreclosure or otherwise." Turn Over Bonds at Once. This agreement then stipulates that on or before February 1 the bondholders shall deposit all the bonds and unpaid coupons with the Merchants National bank of Omaha or the Title Insurance and Trust company of Los Angeles, subject to the order and full control of the committee, transferring legal power and equitable title also. The bondholders Bhall be secured under this agreement with certificates rep resenting the bonds. ... Any creditor of. tne company- who holds bonds or coupons of this compsny, under this agreement, may become a party to this agreement. Also under this agree ment this committee on reorganization shall "as soon as practicable" formulate a plan for its work und submit It to the Interested parties by depositing It In, the hank or trust company. This movement hus been quietly promul gated In the last month. F'rank H. Woods of Lincoln brought the mutter to a head when he sought to secure control of the local plant which, it was believed for a while, would go Into the hands of a re ceiver. Woods recently gained the as cendancy In the Independent , telephone world by getting elected national president at Chicago, One of the heaviest creditors perhaps the heaviest of the local company Is the Automatic Electrical company of Chicago, which has held a mechanics' leln against the plant which It Installed. According to the company's own state ment, the total outstanding bonds amount to $2,400,000, divided In this way: First mortgage, authorized, Issued, $1,600,000, 5 per cent; sinking fund, 1260,000, S per cent; gold bonds, $050,000. Of these bonds $1,800, 000 were Issued for value and $400,000 aa collateral. Lysle Abbott controls those held In Oregon, ICiOO.000; Steami of Chicago holds $400,000 and $400,000 are held in Los Anceles, while Woods controls the re mainder. statement by the Company. For tho fiscal year ended June 30, 1001, the business and conditions of the company were summed up In this statement filed by the officers with the State Railway com mission at Lincoln: -No. Shares . Stockholder!. U. H. Haker. trustee Sanford F. Hants, trustee. F. K. Kbersole W. C. Hullard F. T. Graves Com. Pf'd. 8 lit 4.i9 4.B 5.0U0 1 1 .3 1 Total, par value $1,500,000 $2.M0,OOJ Number shares preferred stock Issued during the year, $7,500; par value, $750,000. BONDED DEBT. First mortgage (authorized, $3,3fi0,- Oi0l Issued, i per cent $1,600.014, 8inking fund, Issued, 6 per cent.... STiO.OOt Gold bonds 6iU,00( Total bonds outstanding $2,400,001 BAUNCK K11KKT-AS8KTH. Cost of plant to June 30, 1WJH Sfl,731,fl)6.2l Huildlngs and real estate 73,000.01 f urniture and fixtures 8,784 8: inventory 6,000 Cash 2:t. Accounts receivable (rental) 6.510. Accts. receivable (toll line cos.). 2,32.(11 Total $8,82,532.1I LIABILITIES. Capital stock $4,000,000.04 Honded Indebtedness ' 2,400 orio 04 Hills payabUf 277,40o.l( Accrued interest (hills payable)... K.titiO.lj Accrued Interest (bonds) 5s,lai(.4( Accounts payable (audited) 7,27t!.u Taxes accrued 4,0!i3.1 lJue toll line companies 8,061.21 Total 16.X2y.632.il KKVENI'K ACCOUNT EXPKNSKS. Maintenance nine months $ 44.617.0 General exi nsus 9 month! l!t,3ud,3 Operating expenses 9 months.,.. 11,370.0 lnteri st on bonds (6 mo. only).. 6H,134. 4 Total EARNINGS, Rental revfnue 9 months... Toll revenue 9 month! All other earnings Loss ...$ 133,329.8) ... M.8M. 2.6O0.1 1 991.11 75.5U. Total $ 133.S29.M Total number of switchboard stations' 6.1M; capacity of switchboards, .6u0. ' The compuny do-s not own any toll lines and hits two exchange building! In Oinaha Mil. MOM IHM.I.AH I'HOIll Ht'll Damasvrs for Alleired Frands Claimed AKalnit Allied Companies. "Fraudulent, collusive and unauthorized, are the adjectives applied to a transfer o; contracts by the Ixing IMstance Independ, nit Telephone company to tho Cuutra!
