Grand Rapids Herald-Review Newspaper, July 5, 1911, Page 10

News Gathered During t A. E. Wilder went to Minneapolis | Friday on business. WANTED—room in exchange for music lessons. Inquire at this of- fice. Sylvester Steves, of Marble, visited Grand Rapids friends Saturday ev- ening. H. D. Wright and J. H. Grady, of! Cohasset, came down Sunday after- noon to take in the ball game. Dr. G. F. Schmidt is among those from Grand Rapids who will attend the big civic celebration at Minneap- olis. Hugh Logan, who makes his head- quarters at Bemidji, came down Monday to visit over the Fourth with his parents and friends. Mrs. H. G. Becker and little daugh- ter returned from Minneapolis last week where they have been visit- ing with relatives and friends. H. Russ Shortman, vocalist at the Gem, is making a hit in the illustrat- ed songs and is singing some’ that have not yet been sung in public. A crowd of about fifty people spent a very enjoyable “Fourth” at W. A. Kiley’s pretty home on the shore of Pokegama lake. All reported a most enjoyable time. H. E. Schmidt, formerly chief chemist at the LaRue mine, at Nashwauk, spent Sunday and Monday in the village visiting with friends. He is now located near Ishpeming, Mich. M s Ida Doran, who has been he Week present Mr. and Mrs. George, Meyers, Sr., Mr. and Mrs. George Meyers, Jr., the H. E. Graffam family, M. A. Spang and famliy, George Dewey and family and John Hepfel and fam- ily are spending the summer at their cottages on the lake. The num- ber is constantly increasing and soon it will be necessary to make the lake the summer county seat. The school board wishes it an- nounced that they will be pleased to have the people who are interested in school matters in this district meet with them at Central school on Friday evening July 7th for the purpose of discussing the needs of the district and the plans for the ensuing year. The board trusts by this means to make the action of tke annual meeting on Saturday July 15th more definite because of time to think the matter over in the week thus intervening. If you are interested come out and let ue have a candid talk over the mat- ter. The famous Bucktail band, com- posed of Wm. Weitzel, fifer; Judge Bailey and Albert Wilson, snares, and Wm. Richardson, drums, went to Hibbing Monday to assist that city in celebrating the Fourth in a prop- er manner. All are veterans of the Civil war and one of the drums went through the Revolutionary war, while another went through the Civil war. Wm. Weitzel was one of the original and famous Bucktail boys, Judge Bail-, ey served as drummer in Company teaching in the Seattle public schools,| p_, 39th Tl., Mr. Wilson was a mem- returned home last week. She will spend the summer here, but will Tes turn to Seattle at the beginning of the school year. Where did you spend the Fourth? Grand Rapjds was well represented at all the neihgboring celebrations, people going to Marble, Coleraine, Bovey, Cohasset and Deer River, a large number also spent the day at the lake. The Hotel Ogema, at Pokegama; lake, is gaining a reputation for the excellence of its service under the management of Link &' Son, and those who have tried its cuisene say that it cannot be beat. Grand | Rapids people are forming the habit ending the week end at the ho- Chas. Weston, the decorator, and his crew of paint slingers, have been improving the appearance of Bo-! vey the past week. They are now engaged in decorating the J. J. Mc- Donald house, at the corner of Sleeper avenue and Sixth street. At the same time, J. H. Carlson is | laying cement walks in front of the property. Grand Rapids’ summer colony at the lake keeps on growing and at UTILITY STRAIN, S. C. WHITE ORPHINGTONS Egg Producers and Prize Winners Mrs, H. KE. Abell, Stevenson, Minn. Eggs For Hatching First Pen $3.00 for 15; Second Pen $1.50 for 15. DR. THOMAS RUSSEL Physician and Surgeon Office and Residence Corner Leland Avenue and Sixth Street GRAND RAPIDS, MINNESOTA Lafond’s Ice Cream Parlors FRUITS Confections Ices of all Kinds Crushed Fruits and Fresh Flavors A FULL LINE OF Cigars and Smoking and Chewing Tobaccos Private Booths for those who patronize our Parlors Located in O’Donnell’s Build- ing, Third Street ber of the 1st Minnesota and was known as the drummer boy of Chat- anooga, while Mr. Richardson serv- ed with a Pennsylvania regiment. EIGHT NEW SHAFTS FOR GUYUNA RANGE Prospecting is Extending in Area and New Ore Beds Are Be- ing Shown Up. Eight additional shafts wlil be sunk on the Cuyuna range near Cros- by this year. Work has started on three or four, and the others it is expected, will be sunk later in the season. Drilling on the range is extending in area and the extent of the iron formation is being determined. An independent company, the Tron Mountain Mining company, has estab- lished the presence of commercial ore in the northern zone of the min- eralized belt. This company is oper- ating in the forty described as the NE of NW%, 33, 47-29, about four and one-half miles north of Crosby, the metropolis of the Cuyuna range. The company has put down eight drill holes, and all of them went in- to commercial ore. One drill is be- gng operated on the property at pres- ent. The company’s disclosures of ore indicate the extension of the ore bodies on nearby properties some of which are controlled by the Weyerhaeusers, the Shenango Fur- nace company, A. B. Wolvin, George H. Crosby and the Gorman-Garbett interests of Minneapolis. The Iron Mountain Mining com- pany, which is controlled by Duluth and Mesaba range men, has secured | erties and will drill them options on other Cuyuna raneg prop- later.— Duluth Herald. On A Man Hunt. Mr. Jno. Griffin and his automo bile were jmpressed into service by the sheriff, Tom Riley, Saturday in the hunt for the three men who it is alleged killed the Austrian, Sko- vicKh not long since near Taconite. The trail of the three men was lo- cated and some dozen towns were searched during the trip. They had been seen by several parties who remarked about the three that they were scared of something and al- ways hurried on or were looking back as if they expected to be ov- ertaken. Virginia and Hibbing, Buhl and other places were passed but the parties were not to be found. Mr Samuel Ross, of the village is an administrator in the estate of one of the suspects and holds $240.00 in the bank for him to call for—and which now seems improbable that he will.—Bovey Iron News. FOR SALE—Canvas covered cedar canoe, a bargain. Inquire of T. R. Pravitz. 1tf. SUPT. M’GUIRE ON CLEARING LANDS (Continued from page 1.) more dynamite the farmer can get for the money he “has to expend for it, the more land he can clear, and it is cleared land—land under the plow, that will make the most busi- ness for Northeastern Minnesota. Thru a cooperation movement for cheaper dynamite, started a year ago, more land was cleared up in different communities by the farm- ers who cooperated in buying dyna- mite, than was cleared up in the five years previous. What Dynamite Can Be Bought For at Wholesale, The Producers Cooperative Mar- ket Association of Duluth, a farm- ers organization, has made it pos- sible to buy cheaper dynamite than ever before. This association buys dynamite by the car load and ships it to the farmers im 200 Ib. lots or more at the following prices F. O. B. Duluth. Y 30 per cent dynamite $10.50 100 Ibs. 40 per cent dynamite $11.00 per 100 Ips. 50 per cent dymamite $12.00 per 100 Ibs. 60 per cent dynamite $13.00 100 lbs. " Fuse $4.65 per 1,000 feet. Caps $6.65 per 1,000. These prices are for cash check must accompany order. From a number of carefully con- ducted experiments on the Experi- mental Farm, covering three years and in which over a ton of dynamite has been used, results strongly in- dicate that 30 per cent dynamite is per per and just as effective for blowing out stumps, pound for pound as the higher per centages. On a ~ very loose soil the higher grades may be more effective but not on the ordin- ary sandy loam and clay soils. For breaking rock the high grade ex- Plosive is best. The Amount of Dynamite to Use. The amount of dynamite required to blow out a stump varies with the size and kind of a stump, the age of the stump, and the kind and condition of soil. A green stump requires nearly double the amount of dynamite to remove that would be required after the same stump had stood a few years. For this reason it is advis- able to use the land for pasture for a time after the timber has been re- moved before attempting to remove the stumps. A New Explosive. There js a new explosive being put upon the market known as Vi'rite that is some cheaper than dynamite and has a few other advantages in its favor. It has been tried on the Experiment Farm and found to give quite satisfactory results when used the same season it is manufactured. It’s stability is not positively known however from the experiments con- ducted thus far but it is recommend- ed as worthy of trial. A Few Pointers In The Use of Dy- mite. Dynamite gives the best results when placed directly underneath the center of the stump and as deep in the ground below the bottom of the stump is jnches wide in diameter. If the dynamite is placed in too shallow a hole it will split the stump, and the force of the explo- sion will pass off into the air with- out lifting the pieces out. Placed deep in the ground, it gets under the roots and has the stump started out of the ground before splitting it. For making the holes under the stumps there are a number of tools that may be used, separately or in combination; the auger, bar, post- hole digger and spade. For a sojl where there are no stones the auger gives best results. The auger used is a two inch carpenter’s auger with a shank lengthened to five feet. The other tools may be used to advantage under various conditions. In placing the dynamite under the stump it should be placed as near- ly under the center as possible. By splitting the paper on the cartridg- es they may be compressed at bottom of the hole and in this way three cartridges are used, it may be necessary to blow what is known as a pocket under the stump. This is done by exploding about one fourth of a stick of dynamite in the bottom of the hole. In a sandy soil more dynamite is required than in a clay soil. Dynamite gives better results in a damp or wet soil than when soil is dry. The more firmly the earth is com- pressed and tamped over the dyna- mite the better the result. The Active Aeroplane. It beats the motor car, 'tis Which balks and bids us frown, For if it won't straight ahead It rapidly comes down. H the! the ; WILL RESTRIC COMPETITION (Continued from page one.) combinations, taking in 250 subsidiary companies controlling 60 per cent of the total crude and finished steel production of the country, the re- port says: Was Sharp Competition. “Until 1898, the bulk of the busi- ness was distributed among a very considerable number of There was sharp competition modi- fied by frequent pools of greater or less duration and effectiveness.” ‘Then came an era of great com- binations, the report continues, with capitalizations ranging from $30,000- 000 to $100,000,000, mergers of many smaller companies, which instead of eliminating competition threatened to bring price cutting on a larger scale than ever before. In 1899-1900, there were three great campanies—the Car- negie company, Federal Steel and National Steel—dominating the pro- duction of crude and semi-finished American Stee] and Wire, American Tin Plate, American Steel Hoop, American Sheet Steel, National Tube and American Bridge, controlling the lighter finished products. This was the period when the “struggle of the giants” was impend- ing and when the formation of teh United States Steel corporation was cenceived and brought about. All nine of the companies named were combined and later the Union Steel company, the Clairton Steel company and in 1907 the Tennessee Coal, Iron & Railroad company were taken over. The promoting syndicate putting the deal through netted $62,500,000 in cash, concerns. Pays 12 Per Cent. During the ten years of its oper- ation, the report says, the Steel trust has paid average annual profits of 12 per cent on the money invested. In this conection attention is called to the fact that a considerable part of the investment is in undeveloped or unworked properties, showing that dividends from paying propertjes must be larger than the average would indicate. Insisting upon com- puting profits upon a tangible prop- erty value basis, the report says that the Steel corporation in defending| its book valuation undoubtedly would claim that there was a “merger val- ue.” As to this, the commissioner says: “It is probably true that the vari- ous properties acquired by the steel corporation, taken together with the organization of this company as a going concern, do have a value in excess of the sum of their values as separate entities. The coordination and integration made possible by the combination of such properties under a single control undoubtedly tend to reduce costs either through econom- ics or through removing the necessity of paying profits to others. Great Increase in Value. “Further, insofar as the concentra- tion of the industry under control of a single concern gives a) monopolistic power over prices and! production this may result in an increase in its earn- ing power and consequently in an in- crease in its value as a going concern This involves, however, the reduction of actual or potential competition. To allow a single company, which has secured the bulk of a given industry, credit for such merger value as a basis on which to earn profits) raises, therefore, a question of far reaching public policy. To regard a valuation so arrived at as justifying such prof- its under these conditions would be ‘reasoning in a circle, because the rea” ‘question is whether the profits them- selves, used to determine the capital- ization were reasonable.” Simce the corporation has been di- recting its efforts particularly toward acquiring and extending complete control over ore properties, its per- centage of production has decreased. As against 60 per cent of all crude and fished production in 1901, says the report, the corporation now has not much over 50 per cent, indicating conclusively the continuous presence of strong and increasing independ- jent productio. Competition Modified. | However, the commissioner finds ; that competition, so far as prices are concerned, has been modified by the policy of “cooperation” jnaugurated at the “Gary dinners,” about which |so much has been said before the congressional steel investigating com- mittee. The present valuation of the com- , bine’s tangible property is placed at , $1,187,000,000 as against $1,468,000,- 000 outstanding securities, an in- lerease of about $487,000,000 in prop- erty while only about $66,000,000 has | been added to capitalization. Reviewing the combine’s present position in the industry, the report says that from the beginning the cor- poration has overshadowed its prin- cipal rivals, even exceeding all of its competitors combined, and while in the 10 yeras of operation its control of productin has dropped from 60 to 50 per cent approximately its posi- tion in ore reserves is much stroager Advantage of Controlling Ore. The advantage of controlling 75 per cent of the lake ores, on which the industry is based, is materially enhanced by extensive control of rail transportation from the mines to the lakes. In his letter accompanying the report Commissicner Smith says that in capacity rather than in actual production, the corporation is mate- rially stronger than the production figures indicate and suggests that in ease of continued trade depression this strength probably would show itself in increased control, | Today’s report is the first of three | parts of findings by the bureau of corporations in an exhaustive inquiry into the steel jndustry and deals with the United States steel corpora- tion—the causes leading up to its formation, its actual investment con- trasted with its capitalization, its rate of profits and its degree of con- trol of the industry. Later reports will be devoted to thd independents, those companies mot subsidiary ot the corporation. INHERITANCE LAW NOW IN EFFECT Act Passed by Recent Legislature Becomes Operative in i this State. New rates made by the inheritance tax law passed by the last legislature went into effect in the probate court Friday and from now on the state’s proportion of inheritance will be greater than before. The new law is patterned after the | Massachusetts law and makes a pro- mounced distinction in the exemp- tions. Under tlife old law all inheritances had exemptjons of $10,000 and amounts less than that were not taxed. Now the $10,000 exemption applies only to widows, children, adopted | children, husbands, grand children and great grand children. An exemption of $3,000 is allowed parents, brothers, and sisters. Uncles and aunts will have an ex- emption of $250 and cousins and those who are no relation to the de- ceased will have an exemption of only $100. Charitable, religious ard public or- ganizations will have an exemption of $2,500. The frist $5,000 of an inheritance | will pay one cent, and estates from | that up to $50,000 will pay 1 1-2 per; cent. Estates cf more than $50,000 } and less then $100,000, will pay two per cent, and estates of $100,000 or more will pay three per cent. The rate increases the tax on the average about 1 1-2 per cent. Wants New Road. Mr. Brown, the Three Lakes home- steader, in Balsam township, is in j| Grand R ict a few days on a | business trip. Mr. Brown is pre- paring to build a nice, two-story frame building cn his claim and it |looks like he would nct be so lone- some up there in time. He has a fine 120 acre farm and one of the |finest garders we have yet seen. With a good road to his place he will be in closer touch w,th civiliza- tion. A petiiion is now on fle with the County Commissioners. esking for one. This part of the township is | composed of gocd scil, and a good! road to it might induce the home- seeker to settle in there.—Bovey Iron News. R PROCEEDINGS Village Council OF Grand Rapids Grand Rapids, Minn., June 30, 1911. A special meeting of the Village Council of Village of Grand Rpaids, Itasca County, Minn., was held in the council rooms Village Hall, in said village, this 30th day of June, 1911, at 8 o'clock p. m. Members present—Presjdenti Bos- sard, Trustees Arrscott and King and Recorder Sherman. The minutes of last meeting were read and approved. It being the time and place for receiving and considering sealed bids for the construction of two blocks of cement sidewalk on south side of ninth street, bewteen Kindred and Houghton avenues, President Bossard declared that the order of business. Sealed bids were tendered as fol- lows: From Edw. Hachey, who made tenure to complete said sidewalk and crossing for the sum of $351.00; from Cc. A. Carlson, who made tenure to complete sa’d work for the following prices, 80c per square yard for side- walk and 14c per square foot for crossing 6 inches thick, Trustee Arscott offered the follow- ing resolution with motion that same be adopted, Trustee King seconded the motion: “Whereas, Edw. Hachey has made offer and tenure to the Village Coun- cil of the Village of Grand Rapids to construct two blocks of cement side- walk and crossing on south side of ninth street between Kindred and Houghton avenues at, and for the sum of $351.00. “Now, Therefore, Be It, and it Hereby is Resolved, that said Edw. Hachey be awarded a contract to perform said work, and the Village President and Village Recorder are hereby authorized to enter into con- tract with caid Edw. Hachey to per- form said work.” Vote on resoluticn and motion was unanimous. Motion made by Recorder Sherman seconded by Trustee King, that li- quor license application of Nils Wei- berg be laid on table, motion car- ried unanimously. Liquor license tond of Patelle & Cloutier was approved. Petitions for street lights were pre- scented from residents on south side of river to have lights placed on bridge; and from residents on west Fourth street for two lehts to be placed on Fourth street, between De- Laittre avenue, and Burrows aven- ue, said petitions were referred to Electric Light, Power, Water and Building Comm‘ssicn with the approv al of the Village Council. Petition for light standards on Le- land Avenue, between second and Third streets was rejected. Upon motion by Trustee Arscott seconded by Trustee King, the Vil- lage Treasurer was instructed to pay the following warrants: Number - 401.68 86.80 1.15 TUS es interest ied unani Upon motion made by with cari ously. King seconded by Tristze the recorder be authorized cure the necessay f'lng ca the Village records, the pr ing inadequate, motion carricd by unan‘mous vote. Upon motion meviing adjourned. A. C. BOS Village Pres‘dent. Attest: FRANK SHERMAN, Recorder. Blind Pigger Gets Limit. As a result of the crusade against blind pizgers in the village of Nash- wauk Mike Radakovich was arrested two weeks ago by Chief of Police Vogan and brought before Judge lon ovan on the charge of s°ll'ng intoxi- cating liquors without a license. The case was postponed unti] Mon- day night when he was found guilty of the charge against him and he was fined $100 and costs, amounting to $114.38. As Mike was unable to rajse the amount he will be the guest of sheriff T. T. Riley at Grand Rapids for the next 90 days.—Nash- wauk Herald. FL Use it on your floors, either outside piazza floor. That’s. why we guarantee all we claim, W.J.@H, "THE experienced painter—the man who knows—always OOR FINISH kitchen, bathroom, stairway or i It will makes (rege aarti and durable, made to stai usage a floor gets. varni Money back if it don’t do ‘ D. Powers —