Richmond Palladium (Daily), Volume 36, Number 229, 26 June 1911 — Page 2
PAGE TT70,
THE RICHMOND PALLADIUM. AND SUN-TELEGRAM, MONDAY, JUNE 26, 1911.
A TAX COLLECTION REPORT IS ISSUED Delinquent List This Term Was Smaller Than Is" Usually the Case.
From January 1 to and Including the irtt Monday in May, county treaaurer Albert Albertaon collected on the first and full lnaUIImenta ot the 1910 tax $401,195.41 which was within $9,833.15 of the total amount due at thla time, according to the first aeml-annual settlement report, which waa on Monday completed by county auditor, Demaa Coe, and the tabulated results forwarded to V. II. O'Brien, auditor of state. Of the total amount collected the atate received $65,713.82, less $18,000, which had been forwarded to the atate treasury before the settlement was due. The residue .of the amount collected has been apportioned to the different county, town, township and city funds. The extent of the delinquent tax. $6,833.15, wa, tnuch smaller than ordinary. The fees of county treasurer Albert son for collecting delinquent tax amounted to $434.19. The apportionment of the tax collected to the different funds la as follows: Genera! Fund (state) .. ..$ 17.029.24 Benevolent Institutions ... 8,901.97 State School 25.3S2.17 Bute Debt Sinking ..Fund 2.741.14 Educational Inst. Fund.... 4.886.37 General Fund (county) .... 62.835.42 Bond 8inklng Fund 12.604.33 Free Turnpike Repair Bridge Fund Road Tax Townahip Fund ..... 6,341.06 1.780.43 19.300.59 9.324.72 5.126.86 1,263.24 989.99 51.685.24 63.793.39 15.684.99 92.455.35 7,270.71 4,935.36 Township Poor .. .. Washington Tp. Road South "V street .. . 8peclal 8chool .. .. TulUon School House Bond Corporation Tax 4 Corporation Bond Library Tax Nat. Road Imp .. 5,635.99 Total Current Tax 401.895.41 Total Del. Tax 6.833.16 Total Including delinquent tax $408,728.56 ORDERED MARRIED Although only fifteen years old on April 30, Lillle Smith waa ordered married to Smith Gentry, both colored, on Monday by Judge Fox of the circuit court. Gentry la thirty, thia being his second marriage, his first wife having died In August, 1908. The girl ia a domestic and unusually large for her age being at least Ave feet eight inches tall. Qentry'a marriage waa the result of an arrest by the police on Saturday Bight .V.V w " v
A BUSINESS REVIEW OF THE PAST WEEK BY HENRY CLEWS
- The uncertain movements In themarket for Stock Exchange Becurietea this week have been more or less sea sonable. That is to say, we have at last definitely reached the stage where our crops are at the critical point; and the future of the market. If, as in the past, it is to be determined by the volume and quality of our farm products, ia distinctly at issue. Therefore, a disposition has developed among market operators who have accumulated protts to secure them and avoid further Immediate risk. ' It is worth while for operators to take a calm view of the agricultural conditions that now prevail. In the first place, winter wheat has been fully harvested and in quality and quantity ia very close to a bumper harvest,1 if it doesn't, in fact, reach that distinction. Spring wheat and corn have reached their sensitive point of growth and protracted drouth has already done some potential damage, which may readily become permanent in the event of necessary rains being much longer delayed. There is a lack of reserve moisture In the spring wheat States, and from South Dakota the best advices indicate that some degree of irreparable damage has already been done, possibly reaching 40 per cent of that State's normal yield. Indications are also present of undesirable conditions on the borderline of North Dakota, , and also in Southwestern Minnesota. But in North Dakota as a whole and also Minnesota as a whole the conditions are still in a broad sense ideal, and there remainB sufficient leeway for further depression in spring wheat territory as a whole without bringing the prospects down to the level of last year's harvest. In corn, which, of course, is the most Important of all our crops from the Btock market viewpoint, the damage 'thus far ia prospective rather than actual. Both corn and spring wheat are particularly early this year a factor of much Importance, since It means less danger from froBts at the tall-end of the season. Hay and oats are not up to the average, which will mean a greater demand for corn aa a substitute for these Items as feed. As a general proposition crop damage reports are usually exaggerated and due allowance should be made for thla fact. It is worth while recalling that the total spring crop of South Dakota was last year less than 47.000,000 bushels, so that if present predictions are conf rmed, and there should be a loss of, say, 50 per cent, (or 23.500.000 bushels), It would not be a particularly disastrous matter when we consider that conditions otherwise are bo favorable and that the total wheat harvest promises, according to the June report of the Department of Agriculture, to exceed 764,000,000 bushels. - The price level of securities has been steadily raised during the last few months and a period of rest is nat
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ural during the circumstances. On March 2 the average price of twenty usually active railroad securities was 11594, while today it is above 122, or an advance of nearly 7 points. In many of the active speculative stocks the gain has necassarily been much larger to make thia average and, therefore, there has been active encouragement to take profltB. Furthermore, it is worth recalling that we are now at the holiday season when large operators and many small ones are going abroad or elsewhere for recreation and devoting themselves completely
to holiday pursuits. This in itself is responsible for quite a substantial amount of general liquidation. Basic conditions, however, have not materially changed and the reaction that has taken place in the market seems to suggest merely a temporary recession to enable the upward movement to secure a better foothold for a further advance later on. The stimulating feature of abundant money remains unchecked, with no immediate prospect of a change in this direction. Should there be a sufficient demand for banking accommodation either in the stock market or in general trade, or industry to appreciably strengthen interest rates, this demand will automatically start the movement of gold from London to New York because of the large balance that American bankers are at present carrying in the London market. It would be surprising if the month of July should pass this year without seeing an inward movement of the precious metal on a substantial scale; and gold imports it should be recalled, usually contribute a factor of distinctly favorable im pulse In Stock Exchange speculative circles. In fact should speculative leaders feel it necessary to artificially stimulate the market, they have at their command the usually effective agency of bringing in the precious metal. It is hardly probable that merchants or manufacturers will require funds in large quantities for several month 8 for the onward progress of trade and industry must necessarily be gradual from its financial side. Therefore there is no reason to expect that any difficulty will be experienced in financing the crops this year, even should foreign funds not be made available in the form of gold importations. Any movement this way of the metal therefore promises increased supplies of money for the purchase of securities. In addition to the nervousness emanating from the crop uncertainties there have been a number of other features exercising an unsettling influence. The Circuit Court decree that lthe powder combination os an organ ization in restraint of trade follows the same lines as the Supreme Court dulings In the Standard Oil and Tobacco cases, and is another indication that our industrial corporations must
ThlG So your opportunity we have S carloado of IPffMLTAIPlPlULTS, chipped to ug direct From Ouha. Never were there ouch plneappleo cold In thlo town. They are of the rich and juicy kind and moot of them of large olse. Theoe plneappleo muot he Gold and Gold qsulcli. Afe can not afford to hold them, go are Gelling fifoem at a price that lo right. Plmeoppleo of thlG quality were never Gold go cheap. Mow aoli your grocer to deliver you a crate If he doeon't handle them, phone ug. and we will tell you oome one that hao them. Ma Wa Ra1LEL?3S) & a
be conducted on lines that will bear full examination. The Teport that the local Grand Jury has been investigating the Steel Corporation at the be
hest of the Interstate Commerce, Com mission on charges that it has parti cipated in discriminatory railroad rates through its cement department is another example of the exacting conditions our corporations are subject to. Reports also have become more persistent that the decisions of the Government suit to compel the Union Pacific to dispose of its Southern Pacific control will be announced in a few days, and a number of other influences on much the same general lines have been brought forward as effective market influences. The week's tariff developments at Washington also suggest that, whatever the final result, a contest more or less spectacular and unsettling in its influence is among the early probabilities. Pending the resumption of the advancing tendency a period of irregularity and nervousness with active fluctuations appear, therefore, to be the immediate promise. This is a situation that will furnish many opportunities for quick in-and-out trading. HENRY CLEWS. HISTORIC EDIFICE SOLD AT AUCTION (National News Association) Boston, Mass., June 26. The old court house of Boston, whose walls of ten echoed with the eloquence of men like Rufus Choate and Benjamin F. Butler, was disposed of at public auction today, preparatory to being torn down to make room for a new structure. The structure was erected in 1S37 on the site of an older court house, in which Captain Kidd was confined while awaiting trial. In the newer court house many celebrated trials took place, including that of Prof. John White Webster, for the murder of Dr. George Parkman, and many years later of Jesse Pomeroy, convicted of the murder of little children.
A Good Farm For Sale The undersigned will sell at private sale, before ten o'clock A. M. on the 3rd day of July, 1911, and if not sold at private sale before said hour, then at said hour upon said date at public sale, 64.52 acres of good land, situated 8 miles from Richmond, on the Middleborough Pike, known as the Duffee farm, with good six-room frame dwelling house thereon, barn, other outbuildings and fences, in good repair. There is 8 acres of good beech timber, running water and a fine young bearing orchard of cherries, peaches, plums, etc. The sale will be made at the law offices of Shiyeley & Shlveley, over 710 Main street, in the city of Richmond. Indiana. Terms given on application. Ray Karr Shiveley, Commissioner
LQRIMER RECEIVES VERY SEVERE BLOW Clarence Funk Says He Was Approached for $10,000 for Boodle Fund. (National News Association) Washington, June 26. Clarence S. Funk, general manager of the International Harvester company, waa a star
witness today before the senate com mittee investigating the bribery and corruption charges in the election of Senator Lorimer. Funk told of circumstances connected with a meeting between himself and Edward Mines when the latter suggested Funk's com pany, the International Harvester company, should chip in ten dollars toward reimbursing those who had spent a hundred thousand to "Put Lor imer over," because the harvester company was interested in "having the right kind of a man at Washington." Funk said Ilines did not mention Roger Sullivan or others, simply saying ten "big ones" could easily make good the hundred thousand. Funk said Hines departed in a friendly manner, evidently assuming the ten thousand would be sent to "Ed Tilden" as requested. Did you have subsequent conversation with Hines?" asked Attorney Marble. "Yes, shortly after a publication by the Record-Herald, in which a $100,000 Lorimer fund was mentioned. Hines came to my office early one morning. He seemed to be considerably agitated and talked to me about the subject of our first conversation. He undertook to refresh my recollection of it. He did not want me to misunderstand it. He said he' bad not meant to say that money was used to elect Lorimer.' He was only discussing the general situation. He thought I might have misunderstood him and wanted to clear the matter up." "Did you agree with his conclusions?"
17Q-V30 Ft. VJoyno Avg.
"No sir, I thought I understood tt, I did not controvert his opinion, but as I was busy he left in two or three minutes." Subsequently'Funk said he read the Recohr-Heraid editorial which had been published at that time and then he understood why Hines had come to him. Funk said that, after Senator Root had written to Kohlsaat in regard to
his information concerning the $100,000 fund, he had- talked with Kohlsaat as to his duty in the matter, algo with Mr. Bancroft, attorney for the Harvester company. Finally he resolved that his duty to his company outweighed his duty to the public and he resolved not to divulge his information. Mr. Kohlsaat agreed that his reasons for withholding it were good. He made no effort to inform the investigating committee of his knowledge at the time of the first inquiry. Ho did not want his company to be drawn into the matter. OHIO EDUCATORS HOLDING MEETING Cedar Point, O., June 26. City and county teachers from nearly all parts of the state are gathered here to attend the annual gathering of the Ohio State Teachers' Association which opened here today and will continue in session including Wednesday. Today was devoted mainly to the informal reception of the visitors. The business sessions of the convention will begin tomorrow and there will be morning and afternoon sessions on Tuesday and Wednesday, with a number of interesting addresses and discussions of educational problems on the program. Yon needn't sutler with sick headache, tndt restion. constipation or any oth,r troable mrimc from disordered stomach. Dr. Caldwell's Syrup Pepsin will care yon am! keep yon welL Tn it heep it on hand the yea around.
FOR SALE CHEAP
Mouse of Ten if ooms
AT 132 SOUTH 9th STREET Bath and Furnace, Large Barn and Splendid Garden Size of lot about 50x160. Can be easily made into two Flats of 6 Rooms and Bath. Terms to suit buyer. Thomas Wicholdon 729 MAIN OT. RICHMOND, INDIANA
DEMAND APOLOGIES
Of Gompers, Morrison andr Mitchell, Labor Leaders, j (National News Association) , Washington, June 26. Samuel Gorapers, Frank Morrison, and John Mit chell, leaders of the American Federa tion pf Labor, are in contempt of court. JJnless they apologue to the court they ' will have to stand trial ; again. Thia decision waa reached today by Justice Daniel T. Wright of the District Supreme court. 1 , This is an outgrowth of the Buck r Stove company case In which the United States Supreme court ruled an er ror had been made in imposing jail"sentences on the three labor leaders. MINISTERS MET At a meeting of the Ministerial Association' this morning, the Rev. 1. M. Hughes read a paper on "Humanity' versus Christianity." Final arrange- ; ments for the picnic to be held Tuesday afternoon were made. CUFF PIN SETS from 25c pr. to $13,00 pr HANER, the Jeweler 810 MAIN STREET
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