Richmond Palladium (Daily), 23 March 1904 — Page 2
A STOCK DIVIDEND
Follows the New Plan of ; Northern Securities Com-, pany to Do Business.
PROMOTERS PLEASED
A tier the Reorganization Meeting Hill and Ilarriman Sauntered. Off Arm in Arm.
J. Pierpont Morgan Didn't Say Anything, but He Liooked His Pleasure.
New York, March 23. Following a day of great excitement in the stock market and numerous conferences among the leading financial interests, the new plan of the Northern Securities Co., was made public last evening. In substance it provides for a stock dividend of 99 per cent, this to be effected by a reduction of that amount in the. capital stock of the securities company. For every share of Northern Secur-. ity sock .surrendered the company will deliver $39.27 stock of the Northern Pacific Railway company and $30.17 of the Great Northern Railway company. The shares of the Northern Pacific company which were taken over by the Northern Securities at 115, and those of Great Northern at 180, will be distributed on this basis. The other assets of tha Security company consisting chiefly of its Chicago, Burlington & Qnlncy holdings and Northern Pacific coal lands, will remain in the treasury of the company until some plan for their distribution has been evolved. Official notice of a new plan, which is signed by President Hill, was sent to Northern Security stockholders in a circular letter. The new plan was formally adopted at a meeting of the directors which began in the morning and lasted until well into the afternoon. Throughout the day, when Northern Securities shares were booming on the curb and Its affiliated stocks and the Pacifies, chiefly Union Pacific, were advancing by leaps and bounds on the stock exchange, the air was full of rumors, some of them of an alarming character. Dealings in Union Pacific common aggregated over 40 per cent of the total outstanding issue. It was declared in various quarters that the Hill-Morgan party had for some reason deemed it necessary to buy heavily into this stock. Large amounts of Southern Pacific shares also changed hands. After the close of the market a long conference was held at the office of J. P. Morgan & Co. Messrs. Hill and Harriman left the Morgan banking house arm in arm and apparently in the best of spirits. Both declined to make any statement beyond saying that a perfect understanding had been reached all around. Mr. Hill denied that there had been any differences respecting the dissolution plan. Mr. Morgan and his partners had no comment to make, but Mr. Morgan seemed pleased with the day's events.
Still After Boodlers. Milwaukee, Wis., March 23. A second bunch of indictments has been returned by the new grand jury which has been investigating alleged irregularities in city and county 'governments for nearly two months. Capiases were placed in the hands of the sheriff for the arrest, it is said, of three individuals. No names were made public. Martial Law in Colorado. Denver, Colo., March 23. Martial law has been declared in the Trinidad coal mining district as a consequence of the miners' strike. Troops have left for the scene.
Local Option Bill Adopted. Columbus, O., March 23. The Brannock local option bill passed in the house by a vote of 70 to 31. Subsequent changes in the vote made it 71 to 33.
Ravages of Bubonic Plague. Johannesburg, March 23. Up to date the total number of deaths irom
Ml Humors Are impure matters which the skin, liver, kidneys and other organs can not take care of without help, there ia such an accumulation of them. They litter the whole system. Pimples, boils, eczema and other eruptions, loss of appetite, that tired feelings bilious turns, fits of indigestion, dull headaches aud many other troubles are due to them. Hood's Sarsaparilla and Pills Remove all humors, overcome all their clfecf3, strengthen, tone and Invigorate the whole system. MI had salt rheum on my hand3 so that I eould not work. I took Hood's Sarsaparilla and It drove out the humor. I continued its ose till tbe sores disappeared." Mrs. Iba O. Eaows, Kumford Falls, Me. Hood'tf Sarsaparilla promises to cure and keeps the promise
bubonic plague is rorty-threa two white and iorty colored persons.
Dropped Dead at Banquet. St. Louis, March 23. While attending a banquet at the St. Louis club last 'night Judge Eugene Carey, of Chicago, suddenly dropped dead. AMEER POISONED
Afghanistan's Ruler Rumored to Havt Been Made Vay With. St. Petrsburg, March 23. A dispatch received from Ashkabad (tha capital of the Russian Trans-Caspian territory) says a rumor is current there that the ameer of Afghanistan has been poisoned.
Habib Ullah Khan, the ameer of Afghanstan, was born in 1872 and succeeded to the throne on the death of his father, Abdur Rahman Khan, Oct. 1, 1901.
SLOW PROGRESS.
House Takes Its Time to the Postoffice Bill. Washington, March 23. Outside of a few routine matters, the house of representatives devoted the entire day yesterday to further discussion of the postoffice appropriation bill, but disposed of only one page of the bill. , Mr. Butler, of Pennsylvania, endeavored unsuccessfully to have passed an amendment designed to transfer back to the office of the first assistant postmaster general jurisdiction of the free delivery and rural delivery service, which caused Mr. Moon, of Tennessee, the ranking minority member of the committee to administer a rebuke to those members who are trying to take from the fourth assistant certain duties given to him under law. He said there was a motive behind it all, and that certain members, chafing under the recent report of the department, are seeking to punish Bristow for discovering frauds in another bureau of the department. An amendment by Mr. Tawney, of Minnesota, which was agreed to, prohibits tne postmaster general from ordering out of postoffices telephone companies other than the Bell company. An amendment by Mr. C. B. Landis, of Indiana, prohibiting the further rental of cancelling machines, was adopted after a spirited debate. The senate spent the greater part of the day on the Indian appropriation bill.
Criminal Negligence Charged. New York, March 23 The coroner's jury which has been investigating the collapse of the Burlington -hotel by which twenty-one persons lost their lives, has returned a verdict in which Eugene F. Allison, one of the owners of the building, and the contracting firm of Pole & Schwandtner are held to have been guilty of criminal negligence. Warrants for the arrest of the three men have been issued.
Treaty Meets Opposition. Washington, March 23. An extension of the Isle of Pines treaty is under consideration today by the committee on foreign relations. Great opposition to the treaty has been manifested and. the impression is general that final action will not be taken on the treaty at the present session. It is expected that before the next session of congress a new treaty will be negotiated. Lightning Claims Two. Vincennes, Ind., March 23. William F. Cunningham and William B. Opp, farmers, living a few miles east of here, were killed instantly by a bolt of lightning during a storm. The horses which they were driving were also killed.
TROUBLE IS PROMISED
A Big Split in Sight for Indiana Republicans. Indianapolis, March 23 The Hearst boom is the only real live article in Indiana Democratic politics today and the Indications are that before the boom is killed off it will cause trouble for certain people. That the boom is to be killed if it can be accomplished by tho reorganizing element is a foregone conclusion. The scotching 0 the snake, however, promises to make interesting news. Hearst is by no means a slouch when it comes to organizing things. He is preparing to go to work in earnest in this state. That is where the fun is promised. He is already agitating things in vigorous style and by the time his campaign is on in earnest there is little doubt that the reorganizes will have their hands full to prevent hl3 capturing the Indiana delegation. Republican leaders are more than pleased with the turn of events. They believe that by the time the fight is over the
Democrats will be split in two fac
tions that never will unite. The work of the reorganizes which promised good results a few months ago and
which were worrying the state mana
gers will thus eo for nothing. If
Hearfct is defeated the Bryan wing will be honelesslv driven away. The
Idea of Hearst as the Democratic
candidate is very pleasing to the Re
publican leaders. They laugh and say
he would be a joke. Hearst could
not capture within 50,000 of the votes given Bryan four years ago, they say, and they are only wishing secretly
that his nomination should be accom
plished. They are not counting on any such good luck, however, and are
preparing as if for a real fight.
Indianapolis is just now enjoying a mild sensation of the kind that gave Crawfordsville so much prominence a
Jaw weca&s aso-.ivr;en the Gregg .case
was o-u-al there. Tis"- in the hearing of the suit of Sarah Cox against John Wright from whom she is seeking $1.CC0 damages for breach of promise. During the trial some of the plaintiff's letters have been read on the stand in which the love passages would do credit to a romantic actor. They show conclusively tiiaL the woman in the case, at lea:., was sufring irom a severe case of infatuation. Wright, on the other hand, does not seem to have evinced the same fondness for the woman. Hence the trouble, bince the trial began a gaping crowd of listeners has thronged the court room to listen to the testimony and glory in the sensational passages. Wright says th?.t the woman proposed to him and her letters would seem to indicate that her affection was strong enough to prompt her to anything. She, on the other hand, contends she did not give way to her feelings until a'ter the man had won her heart by promises of marriage.
The death of Worth M. Wright in this city yesterday by the accidental falling of a huge piece of structural iron which formed the t cornice over the Merchants National bank has taken away from Indianapolis a man who was one of the characters of the town. Mr. Wright was an enthusiast at anything he took up. He never did things half way. He had a number of hobbies and he rode them consistently. His greatest enthusiasm was for free silver. He was originally a Republican but joined the Democratic party in 189G on the silver issue. From that time to the day of his death he was a consistent worker In the ranks of Democracy. On the. subject of 16 to 1 he was a radical of the most pronounced type. He could never be made to see that his monetary views could not be carried out and to his last hour was ready to undertake an argument to convince anyone who would listen that he was right on tho proposition. Crafty Insurance Agent. Springfield, 111., March 23. S. C. Sprague, of Bloomington, pleaded guilty in the United States district court to using the mails for a scheme to defraud, and was sentenced to one year in Chester penitentiary. Sprague, while agent for an accident insurance company of New York, made out applications for insuring fictitious persons, signing the names of fictitious physicians to the affidavits regarding injuries and signed fictitious notary publics' names to papers. By this means he secured money which the company sent to the supposed injured persons.
A Tottering Government. London, March 23. The majority again fell very low in the house of
commons, a motion from the Irish
benches censuring the government's action with regard to Irish waterways being defeated by a majority of only sixteen. The figures were greeted with prolonged Irish cheers and a voice "you shall drink it to the
dregs," while John Gordon Swift
MacNeill, the member for South Donegal, amid laughter shouted "we've twisted your pigtails now." Grain Goes Up In Smoke. Valparaiso, Ind., March 23. The Chicago & Grand Trunk elevator was destroyed by fire. The elevator was operated by Way, Higley & Co. The loss is $10,000, partly covered by insurance.
Cleveland's Building Plans. Cleveland. O., March 23. The cost of the courthouse, one of the buildings to be comprised in the group plan of public buildings of this city and county has been placed at ?3,000,000.
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OKI EE!
PH p?S3B JB!SA m E fe O
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Established 1S95.
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