The Nonpartisan Leader Newspaper, June 16, 1919, Page 16

L [= A A ) 3 » > .{“ o x x = i B (4 .‘; - s RN 2 < ~ [ (et el e P — 'V The -Profits of Privafe Monbpdly : Engineering Expert Explains Simple Details of Extracting Profits From HE- simple details of ex- tracting profits from water with the monopoly pump is explained in a volume recently pub- » lished by Frank Parsons, an engineering expert and an author- ity on the stock-juggling of public utility - corporations. The railroads now are asking that the government turn back: their lines and guarantee a profit on all the artificial valuation of the roads, built up by methods explain- ed in humorous vein by Mr. Parsons ir; l;x,is book, “The City for the Peo- ple.”” Following are excerpts from Mr. ~Parsons’ book, explaining the rules for monopoly and wringing profits out of water: ; . : “Get a franchise, issue a lot of stock, keep enough of it to retain con- trol of the enterprise, sell the rest, build ‘your plant, bond it.for all it is worth, and recoup all you put into the concern; then double up the stock and keep adding to it as the business grows, so that an actual profit of 20, 50.or 100 per cent on the real invest- ment will be only 5 or 6 or 7 per cent on the bonds and stocks, and so appear on the face of the accounts to be only a reasonable profit, not likely to arouse opposition or set in motion the legis- lative or administrative machinery for the reduction of the rates—such is the normal monopolistic plan. “And if some public-spirited citizen should stir things up and obtain a law or ordinance -or order reducing rates, the monopolist can take the matter into the courts and protect his extor- tions in large degree by showing that much. of the bonds and stocks have come _into the hands of. ‘innocent purchasers for value,’ wherefore he must be allowed to make interest and dividends on the-whole capitalization, else the said innocent holders will be cheated out of a fair return and' their property practically confiscated, which . would be a-very wicked thing if it were caused by legislative reduction of rates acting on a condition of grievous capitalization, but is perfectly justi- fiable if caused by the stock manipula- tion or the profit-absorbing tendencies of the monopolist himself. WATER PROTECTS MONOPOLY FROM PUBLIC OWNERSHIP “Water in the capital is useful also in protecting the monopolist from public ownership. Dilute the figures so that the profits will seem quite small and the people will let things go on till the business pays 5 or 6 per cent or more, on the whole capitalization, and the stock rises to.par in the mar- ket, water and all; then if the people get to reading ‘foolish’ books on pub- lic questions, or become disgusted with corporate monopolies by direct experi- ence, and begin to demand public ownership of gas, electric light works, or street railways, or whatever line you may be'in, you can get the legis- lature to pass a law (if it has not al- ready done so) requiring that cities _desiring public ownership of public utilities shall buy out existing plants, and the courts will make the cities pay full market value (value based on fictitious stocks and bonds), the effect of which will be to keep your city from going into public ownership, or to give you several times the value _of 'your plant if it does. - ; '+ “The New York senate investigation of 1885 (Sen.:Doc. 41) brought out the fact that ‘The.gross sum paid for the :past 10 years by the:gas consumers in the city of New York to the compa- nies, irrespective of any other source of income to them, was: $74,656,884. ' Of this amount nearly half was clear » $30,074,715. * * Dur- last 10 years, in addition to Ing Water With Monopoly Pump cost of gas and 10 per cent on the share or nominal capital of the com- panies named, there has been paid by the consumers of New York City about $9,000,000. * * * Taking all the companies, $4,941,000 have been paid in dividends in excess of 10 per cent. on the nominal capital in 10 years, and the works have been increased out of the earnings to the extent of $6,- 413,000'—more than $11,000,000 above 10 per cent on the nominal capital, water and all.” * ok k% * “In the Cleveland gas case the evi- dence showed that the company was paying cash dividends of $1,440 a year: on each original investment of $1,000, besides stock dividends amounting up to 1892 to a total of $24,000 for each investment of $1,000. The original in- vestor of $1,000, without further pay- ment, was receiving an innocent look- ing 6 per cent.on the $24,000 of secu- rities—144 per cent cash profit per year on the real investment and a gift of new securities that would sell in the market for more than $24,000. “When John Mecllhenny of Philadel- phia was asked in court his opinion of this, he said: ‘That is not an un- usual thing in this growing country at all. It is about the history of all the prosperous gas works.’” (Par- sons’ “The City for the People,” pages 84-35.) = PRAISES WORK IN N. D. Philadelphia; Pa. Editor Nonpartisan Leader: I have just received from the Popu- lar Government league a copy of the supplement to the North Dakota Leader describing the new laws pass- . ed by the North Dakota legislature. I have already read about half of the pamphlet and I want to tell you that I think you are doing very wise, con- structive work in North Dakota. I hope the Nonpartisan league will stick to its present plan of doing construc- tive work and doing it under the best expert advice. I do not think the League will have to worry seriously about its membership or its influence if it sticks to its present wise policy “In respect to legislation and sees that the projects it sets on foot are admin- istered with the greatest ability and efficiency. : C. G. HOAG. EDITOR’S NOTE: While a profes- sor at the University of Pennsylvania, Mr. Hoag received a legacy which made him independent; on a normal scale of living, and like many others who put service above increasing wealth he looked around for some special work that needed doing. He hit ‘upon proportional representation. He mastered the subject from all angles and set about advocating it wherever opportunity offered. Thanks to- his untiring efforts proportional ' representation has been widely popu- larized in this country, and has been “adopted in many localities. Some day it will be the general method of vot- ing, for it gives different parties rep- resentation in legislative bodies ac- cording to their voting strength. TIME TO CUT ALFALFA Alfalfa should be cut for hay when the shoots .are starting from - the érowns, which is usually when one- tenth in bloom, according to circular No. 19 of the extension division, North Dakota Agricultural college. -If cut too early, weeds may develop ahead of the alfalfa, and if cut so late that the young shoots are.clipped the next crop is injured and weeds are: giyen a bet- ter chance,. .- ' "Tis not ; what man does which ex- calts ‘him, but what man would do.— - AR, 0 2 T s results come from Leader Classified Ads. of 8 cents per word-is made, ship receipt when claiming the 8-cent rate. full rate. . Livestock REGISTERED HOLSTEIN BULLS, service and younger. Sired by Hengerveld Yankee Pontiac No. 208598. ‘He has a pedigree with 37 pounds butter in seven days;-and.other large pro- ducing dams. Write for pedigree and photo. Chas. Splonskowski, Marion, 8. D., R. 1. —_— e e . HIGH QUALITY CALVES BY EXPRESS, BULLS or heifers. Shorthorn—Holsteln—Guernseys. § $17.50 to $25 for little ones; $30 to $40 for big ones to put on grass. Raise all you can, Write for catalog. Ed Howey, South St.” Paul, Minn. —— o e e o, A FOR SALE—PUREBRED CHESTER WHITE HERD boar, tried sow, March and April pigs, either sex, in four different blood lines. Pedigree furnished. Rubert Altmann, Gibbon, Minn. — e . FOR SALE—REGISTERED . HOLSTEIN-FRIESIAN bulls from a tuberculosis free accredited herd. Liberty bonds taken at par. Frank J. Splonskowski, Braddock, N. D. —_— HIGH-GRADE HOLSTEIN HEIFER CALVES, $30 each, express prepaid. R. B. Hellen, County Sec- FIT _FOR - _retary, Milk Producers’ Association, Jefferson, Wis, FOR SALE OR TRADE—REGISTERED SHORT- horn bull, 14 months old, for a roan Shorthern bull. Bert E. Swan, Balaton, Minn, ~ —— e e e LARGE TYPE POLAND CHINAS FOR SALE— Some choice spring boars. Prices reasonable. Hubert Zander, Sleepy Eye, Minn, BIG TYPE POLANDS—NOW IS THE TIME TO get that herd boar. We have the best blood lines. J. Schmidt, Norwood, Minn. FOR SALE—IMPORTED PERCHERON STALLION, weighs a ton. Also_ Shorthorn bulls, all ages. ugust Thorstenson, Sélby, 8. 5 PUREBRED DUROC JERSEY PIGS: MARCH LIT- ters, $20; May litters, $15. =P furnished. Casper Sylte, Marmon, N. D. — e REGISTERED DUROC JERSEY PIGS, MAY FAR- row, $16 this month with papers. John Hanzal, Plaza, N. D., R. 3, Box 57. FOR SALE—TWO GOOD REGISTERED RED POLL bulls, old enough for immediate servicee. C. W. Cavett, Enderlin, N. D. GOOD CHESTER WHITE PIGS, MAY_ FARROW, registered; $15_either sex. Prairle View Stock Farm, Knox, N. D. !’!z s!: REGISTERED CHESTER WHITE SPRING PIGS for sale; Anthony, FOR SALE—ABERDEEN ANGUS BULLS, registered and tuberculin tested. J. O. Olson, Nel- son, Minn. P g ; FOR SALE—CEESTER WHITE PIGS; PEDIGREE furnished. H, F. Augst, Montgomery, Minn, - DUROCS—CHOICE BOAR PIGS GUARANTEED TO please. P. O. Sonstegard, Georgeville, Minn. REGISTERED DUROCS. SALES IN FIVE STATES. Jens Molvig, Buxton, N: D. g}rdlgee furnished. ~Stephen Tokach, St. Farm Machinery HAVE- FOR SALE AT SNAP PRICES, ONE 20-40 Case gas tractor, with extra rims; two Wa- terloo. tractors; one 38-inch steel Pitts separator, complete; one 36-inch Avery separator, complete. These machines are all rebuilt and in good run- ning order. Write for further information and prices. The Frank -Lynch Co., Casselton, N. D. CORN HARVESTER — ONE-MAN, ONE-KI?BSE. one-row, self-gathering. Equal to a corn binder. Sold to farmers for 23 years. —Only $25, with fodder binder. Free catalog showing pictures . of harvester. Process Corn Harvester Co., Salina, Kan. FOR SALE—ONE M’'CORMICK MOWER AND buncher, one Osborn rake, disk plow, one heavy wagon and box, three top boxeés, seven head of mares and colts, Earl Stuyverson, De Sart, N. D. WANTED—ONE '~ FOUR OR SIX-ROLL CORN shredder; must be in good shape and priced rea- sonably. C. P. Nielson, Ivanhoe, Minn. D TO BUY FOR CASH A 32-INCH SEP- arator in good shape and worth the money. C. F. Rumley, Rock ¥alls, IIL 1 | ° Poultry FERTILITY GUARANTEED. SINGLE-COMB WHITE Leghorn eggs, $6 per 100; 40 eggs, $3.50: setting, $1.50. = Silver-Laced = Wyandottes, _setting, $2. Lonevale - Poultry Farm, Fortuna, N. D. EGGS PREPAID, PUREBRED ROSE-COMB RHODE Island Reds, farm-raised, $1.25 per 15; $3.75 per 15\?:]_;7 per 100. Jake ~Boomgaarden, Wahpeton, PUREBRED BARRED PLYMOUTH ROCK EGGS for hatching, of my best_ selection, sent prepaid, $2 per 15. Mrs. Fred A. Lieske, Henderson, Minn. CHICKS, 25 CENTS; EGGS, ROSE-COMB BUFF Leghorn, Columbia -Wyandotte, Silver Wyandotte, Reds, L. Johannessohn, Beltrami, Minn. EGGS—DARK_ ROSE RHODE ISLAND _REDS; " Windheim and_Kauffman strain, 2 for 15; $3.75 for 30. Mrs, J. C. Allen, York, N. D. - HIGHEST PRICES PAID FOR CHICKENS, BROIL- ers, veal, horse hides, cow hides, pelts, wool. Mec- Kay Produce Co., St. Paul, n. Agents Wanted ——— AGENTS—BIG PAY AND FREE AUTOMOBILE introducing _wonderful new -gasoline saver, C ture-proof, flve-year spark and_other econom- ical auto necessities. ~ Outfit free.. L. Ballwey, 60 Sta. F, Louisville, Ky. o AGENTS—MASON SOLD - 18 SPRAYERS AND ‘Autowashers one Saturday; E&oflt. $2.50 each; square ‘tlo"L ol:l’rflculun free. . Rusler Company, - Johns- wn, 0. ; 3 WANTED—MEN TO DO. ORGANIZATION WORK among the farmers, ' Address Nonpartisan League, Employment Dept., Box 495, St, Paul, Minn. . 5 Lumber LUMBER — SHINGLES — MILLWORK! GET: OUR money-saving prices, including freight to your sta- Hon, " Send list for estimate, ~Wells,, Box 1010E, Everett, : Wash, : LUMBER AND SHINGLES AT-REDUCED PRICES, : ‘Farmers’ trade '8 alty. - Best quality. Robert Emerson Commn!..fi {’MG-N 'l‘agoml." ‘Wash, Leader Classified Department “THE. FARMER’S MARKET PLACE” This is the place to advertise your stock, farm machinery, chickens, eggs, produce for sale and auction sales; to make your wants known and have them supplied. Rates are 10 cents per word per issue. f | league when advertising to. sell their own products or supplying their own needs, a rate League members must give the number of their member- All advertising for sale of lands carries the Ads must reach us two weeks before date of publication. ALL CLASSIFIED ADS MUST BE PAID IN ADVANCE ALL one Satley triple-gang* pune-=: CARLOTS,. . FORB rmnbos, et Minn; Best To members of the National Nonpartisan Farms . FOR SALE—508 ACRES OF THE BEST WHEAT land in Rolette county, N. D., with seven-room house and heating plant, large barn and machine sheds, buildings almost new. Plenty of good water. Farm is all fenced, five miles from good town and church, in consolidated school district; $50 per acre. For terms write to owner, John C. Schuchard, Overly, N. D., R, 1, No. 52 FARM FOR SALE—205 ACRES, 110 OF THIS IN grain this year; 60 acres meadow, 35 acres of pasture and woodland. Town of Lund, Douglas county, section 24, three and one-half miles north of Evansville. First class buildings and well. Com- pletely fenced. © One mfile to school, good road. Write for price_or call on owner. Elias Lund, R. 1, Evansville, Minn, FOR SALE—320 ACRES, TWO MILES TOWN, FINE land, 270 cultivated, balance pasture fenced, creek with - water. House, barn, machine shed; 155 acres sown to wheat, 60 acres oats, 55 acres flax; $60 per acre. Will deliver all 1919 crop free to purchaser. Small cash payment, balance terms. Address Box 57, Sarles, N. D. 250-ACRE STOCK AND GRAIN FARM, WITH. eight head horses and colts and good farming out- fit. Level, smooth, no waste; 60 acres seeded to grass. mostly alfalfa; lot to grain; flne water ‘at uildings; $12,500. J. F. Orr, Fairfield, Idaho. FOR SALE OR RENT, 320-ACRE HOMESTEAD near Madoc, Mont.; 160 under cultivation, balance in pasture, All fenced, buildings all new. For particulars write County Agent at Large, Boze- man, Mont. 164-ACRE SOUTHWESTERN proved farm. One mile from town, good grove, good buildings, no quack grass. For quick sale gfllssell cheap., F. E. Day, Heron Lake, MINNESOTA IM- . $100 DOWN, NO MORE PAYMENTS FOR 10 years, secures good clover farm. No sand, rock, swamp, Good schools, roads, markets. George A. Iesser, 825 Plymouth Bldg., Minneapolis. WHEN LOOKING FOR A FARM WRITE T. H. Fezler, Osakis, Minn, Have some farms for sale, also a few for trade. T. H. Fezler, Auctioneer, Osakis, Minn., FOR SALE CHEAP—ONE HALF SECTION LAND, six miles north Weldona, Col., and railroad. In- &{m Samuel Raub, 406 Lake 8t., Fort Morgan, WHEAT AND STOCK FARMS OF THE_VERY best, on_reasonable terms, Write us. Bowman County Immigration Association, Bowman, N. D. WOULD YOU - SELL- YOUR FARM IF YOU GOT your price? Sell direct; no commissions; pae- ticulars free. O. K. Hawley, Baldwin, Wis. SELL YOUR PROPERTY QUICKLY FOR CAS! no matter where located: particulars frec. Real Estate Salesman Co., Dept. 6, Lincoln, Neb. FOR SALE—GREAT BARGAIN BRUSH LANDS, Clearwater coun!fi, Minn. Easy terms. Write for particulars. J. R. Holton, Shevlin, Minn, FOR SALE—200 ACRES NEAR ROSE, N. D.; 110 cultivated; $15 acre; $300 cash, balance to suit. 1821 Lombard, Everétt, Wash. HAVE CASH BUYERS FOR SALEABLE FARMS. Send price and description. O. O. Mattson, St. Paul, Minn. . BEST WILD SECTION IN NORTH DAKOTA. SNAP R{dc«]a) Other tracts. F. P. Woodworth, Driscoll, Professional Schools MEN AND. WOMEN LEARN BARBER TRADE, Wages $25 per week up. Positions guaranteed. Few weeks completes by our method. Little ex~ pense. Write for catalog. Moler Barber College, established 1893, 27 A. Nicollet Ave., Minneapolis. BARBER TRADE SUCCESSFULLY TAUGHT TO men and women. by Professor Gilsdorff. New cata- log free. Call or write Twin City Barber College, 204 Hennepin Ave., Minneapolis, -Minn. LEARN TELEGRAPHY, PLEASANT WORK. 'SAL- aries, $99.88 to $165. Established 14 years. Free catalog. Barry’s Telegraph Institute, Minneapolis, nn, Dogs and Pet Stock AIREDALE DOGS, on earth. Great watch, stock and hunting dog. Does anything any dog can do and does it better. Thoroughbred, "pedigreed pupples_at farmers’ price, Desdcflpfilve circulars free. P. H. Sprague, ay- wood, 11l ; ¢ FOR SALE—GREYHOUND PUPS FROM BIG, strong parents, G. O. Bowman, Courtenay, N. D, PUREBRED FOXHOUND PUPS FOR SALE. MIKE Ferguson, Wykoff, Minn. Honey FOR SALE—FINEST QUALITY NEW CLOVER honey at 26 cents per pound, in 30-pound cans. This honey is carefully produced and handled so as to retain the delicate flavor and aroma of the flowers. We are rather rroud of the honey we send out and yet It is really a business proposition with us to hold every man to whom we sell as a permanent customer. We send price list free. Sam- ple, 10 cents. Reference, the First National bank, Preston, Minn,, or the publishers of this paper. M. V. Facey, Preston, Minn. Harness, Automobiles and : Accessories FORDS RUN 34 MILES PER GALLON WITH OUR 1019 carburetors. Use cheapest gasoline or half kerosene. ~ Start eéasy “any weather. . Increased power, Styles for ail motors. Buns slow high ear. Attach yourself. Big profits _for ngnu. oney back guarantes, 30 days’ trial. ~Alr Fric- tion Carburetor Co., 473 Madison St., Dayton, Ohio. Lightning Rods AND ; BIG _PROFITS UICK T e i Glive. dealers . selling . *Diadie’s Universal Bods 2. i t . Pri are 1l hg'“ (c}(;x:pe:u:u Egegnou‘y’ pefioei tdate ee: Mnuh&eld, Wis. Y i ; Kodak ‘Finishing ONLY 25 LET US DEVELOP: YOUR FILMS; ~ -cents for ‘six-exposure roll’ and ‘six: prints: - ‘Postal Sino, 40 “oonts, . malled prepaid, . Moen’s - A X