The evening world. Newspaper, May 30, 1913, Page 4

| is maintained that when th tract | On behait of Mr. Yoakum, 1 h usta cline cartoon 4 i | It is important to go into detaila of |! Mm atin at when the contra: in behaift of ir Yoakum, it is sald ry -” r u | these general tien 15-90 year gold bonds,| W44 signed In March for the last bond |that the bankers were fully aware of seamen een bie tak y .. He! 9, 4 t | une around them will be waged the ¢ an examination of the securities |the company's condition all the time 3 td nod t controversies that are arising out of {4nd tho books was made and there wes | and that the collapse has come through Selected for United States Mi All you need is a 26 cent bottle of ‘‘D ren GREAT WAR IN WALL STREET -ANDMTS $50,000,000 EBT +t track, besides which there was] —t fn in leaseholds covering ',200 miles | cor of mortgaged travk in other lines, A | DETAILS OF THE THKANSACTION | ate t THAT FORMS THE HUB, fast. ‘ding to information in Weil Mpeyer & Co, wire not consulted About the rectivership, although they were fiscal agents of the company. it | the bubble’s collapne. no doubt as to the company’s solvency. Up to the year 1918 $65,624,000 of these| Ffiends of the Speyers maintain that bonds had been sold monthly through] they are in no wise tg blame for sie Mot of deficit branch lines. A few months ago the Frisco syatem The firat direct move will be made was in urgent need of more funds, so is breeding the trouvie that is! be continued in powor under appoint- ment by the court. These revelvers represent only the worthless stock, While the bondholders times aa much at stake, hi at all In the recetvership. the tightening conditions of the world’s money markets. If it had been possible to tide over the present stringency, he VIVSIONS OF AN INDUSTRIAL EMPIRE. NEW MINISTER TO COLOMBIA. ‘Thad A. Thompson of Texas Chosen | fer the Office. { lombia, to am ed James T. Dubois. Mr, Thompson was a velegate to the Baltimore Convention and has been an | The controversy between the United | | States and Colombia over the partition GIRLS! GIRLS! SURELY TRY TWh soft, lustrous and Phe Bais cleanse, Se | Hair gets lustrous, fluffy and abund the New York banking house of Speyer | “resrettable incident,” and furthermore | might have pulled through, but every- active worker in the Democratic ranks, Immediate?—Yes! Certain?—that'e! » faded, dry, brittle of thin. & Co, principal fiscal agents of ...»| that the particular property covered | thing piled up against him. No stock He (sa persoaal friend of Postmaster-| the joy of it. Your hair ecomen| Besidey’ beautifying the hair, Danderirs raliroad. Twenty millions of them had|>y the mortgage for the general Hen 1s | could be sold, no more bonds could be General Burleson. light, wavy, fluffy. abundant and dissolves e: particle of daadruf(; been wold to French investors. all right—part of the Frisco proper and | floated and receivership was inevitable. e after a a oa ant at 5 cleanses, purifies and invigorates tho scalp, forev epee ftching an.i falling hair, “put w ct ill leas yeu |} of Panama from the latter country will Just try this—moisten . but If It fatis to pay Interest on ite Mf Yoakum negotiated with Mr. Speyer| Within a few days in St. Louls, Appli-) A man of boundless optimism and won-| be a problem Mr. Thompson will have | seth wath ‘ bined Daaderine cate-\most will be after a few weeks’ use vi Yoakum, Its Builder, and Spey- bonds thie la stenal for bankruptoy fo? ing out $3,000,000 more of thia|cation will be made on behalf of the! derfully pursuasive influence is B. F. to jandic, Secretary Bryan declared a| fully draw it t eg rea hair, Danderine, when you will actually s+ , Proceedings. ‘The Frisco's interest Dlanket Immue, Now the credit of the|bond holders for removal of the re-{ Yoakum, His vifions were of a South- few daya ago, after having had several | one pi opp atime. This willinew hair—fine and downy at first- - 4 Its Financier, Now Lead | ecnarges ate up everyining it. could FTICO wan not at par. The banker drove|celvers appointed and the substitution | western industrial empire as magnificent conferences with Senor Betancourt, Col- | Cleanse tl lust, dirt or jve'yes—but really new hair growing «i ' 7 : P as cate gh ihe. GD for” the Bary this (0 teen a haneves do uty of your soft Dalbe audl lots 2st itr early nets 6 ;than 80 cents on the dollar for the) ment of m third receiver to represent | Burr ti to found @ hun year® jooking to an agreement with the South * 5 ‘ 1 8 the Opposing Forces. captain, i: WAAC was Worse, BéAFSelY | Longs, Wall, that ia bentking business, |the bondbeldere interests '* ago—and failed, He was not content to American repiibiic would fot be’ bewun | jh delightful jiueprise awaite, particu-/85 cent bottle of Ki n's Dan } the property Interest charges last|7"@ hard pressed borrower must not! Fer some reason, as yet unexplained, | Merely rum n raliroad system He inti a Minister had been selected, lene — ng Tage he si q Year were $12,000,000, which just about|*xD@t Premiums, particularly when | the intimacy long existing between Mr.|80URHt to develop its untilied areas, to| hese been neglected ITS CREDIT ALL GONE. Wrenciaco Rajiread Company, usually Louis & 828) not dispose of it for lees thi K not a penny, for stock equalled the net income, INTEREST ON BONDS WAS BACK. EAKING LOAD. ‘ange bond isauing policy Mr, Yoakum and his clates In financing their building ae tions. They did try the agheme of stock issues. The parent company capitalized {twalf for $96,000,000, but was able to sell only $80,000,000 of shares, ‘One of these issues was thirty millions of 4 per cent. second preferred stock. After it was printed they found that Under the laws of Minsourt they could bar, Fit- tll remain teen millions of the iss it Ingenuity not only the money market is growing Ughtar every day. So Speyer & Co, undertook to get the three millions out of the cracked jars and the stockings of tho frugal French peasants, On March 17 last an agri ment wan entered into between the ra! road company and the bankers for tl relatively small supplementary iseue, and the cash eventually came out of France, loss of course the discounts an@ commissions. Although the bonds are listed as 6 per cents, they stand the railroad company 7% per cent. on ac- count of these intermediate discounts. Altowether the Freach investors have $23,00),006 of these general Wen bonds RAISING A ROW. Breyer & Co, are receiving messages from their banking connections in Paris that purchasers of bonds are raising a of others, or at least for the appoint- Yoakum and Mr. Speyer was net tained during the past two porte, When the ratiroad man found would be impossible to meet term note coming due June 1, aa not confer with his banker friend. In- teed he went to 8t. Louis and con- ting with his weetern associates ar- ranged for the Friese bankruptey pro- drain the swamplands of the Mississippt Valley, to build good roads through every county in half a dosen States 20/ that farmers could haul their produce to his raftWay etations. He surveyed and bullt lines into new territory that produced small freight revenue, but he magnified the bounteous returns of the future, He discoursed to coedings and the appointment ef two of | the bankers of the Mast on the rich pos- tis own officers as receivers. These are B, L. Winchell, president of the road, and T. H. West, director ané member Of the executive committes. According to the statements issued by representatives of bondholders, of which numerous protective committess are They criticise also the selection of re- coivers, saying that the very men who sibilities of the West and he made speeches to farmers in Oklahoma, Texas and Louisiana on the hidden wealth to be wrung from the soll, When one group ‘of bankers grew cool he sought to inter- est another group. He brought delesa- tions of farmers to the East to show called the Friese System, was placed! unsold in the company's treasury | and £00000 more of other kinds of |forming, there was mo need for ouch | em the automobile roade of Jersey and + tm the pande of redeivers three days} worth scarcely anything to-day. The| bouda, placed through various banking |action. A tabulation of nancial oper-| never to tire; his enthusiasm never ame in Gt. Louls upon motion of ite| treasury also holds thirty millions of|houves. Now, here comes the point of | ations fer nine months ending March | waned. own cffeers. its won unsold common atock, controversy and troubles that will pro- | 31, last, shows a surplus of 61,068,783. He ba soa salitions Paced ad ‘Che fret recut action to | It became apparent that the only way|duco some sensational explosions in| What has happened in two months to| ruinous cost, He piled up @ py: {vank porous 0:9. Yetmem, ooo to bulld a Southwestern Kmpire was| Wall street. 4p) hed emevaged cd banktruptoy ? | of bonded indebtedness with a confidence J with bonds, so there was plied up a| PRENCH PURCHASERS ARE | they “Why the and secrecy heavi the fevemont im the rel | pyramid of kaleldoscopjc Insucs that bag Pyro inay ss pide gro ‘The returns did not come as soon as he He was ten years ahead of ran the road into the ditch are now to the development. ombia’e Minister here, that negotiation# icesah ou havejover the scalp. I You care for prett cy ne year. That means ace |antnts ent tts Sinden up| oa, ih ayy Sle wa ast, Cart H. ‘ bogie nat yt ily / pony ment bonds and notes, making a total|® oad on the verge of bankruptcy? lots of it—if done in of elghty-seven issues of intereat-bear-| Within two months afer wo take the the old-fashioned ing securities, cach one bearing » dia-| **°Urities In good faith receivers are | sonp- taee game Appointed. We have been grossly de- | and-water way, ee deen Ree phan pullnebubeane tees sales nr Ghat mist | Why not do it the Goid wn rl System ente! is is at the year 191%, & period when operating| % ¢xpected of Americans and Ameri- vy ice rie tar romaine satnry| wi Pike any mae ata CINCER ALE the tinct Atle Gold %: Olbgr reads, there. was’ tmpergtive de, aint fnnklog, honor and integrity aro | Better than the imported Dust epri in your dish- ] vopeagneriR woh gat hed maroon OM Hetrtpr g lag by et prone At half the price half th bin col coll op ~ oo ge oT An" tncldntally, “Aman nvr F Capsi ishes brigh ne, : THE WHOLE OUTRIT. MORT-| i sure'many non aite ar eage ree from Capsicum eerie be Gs 9 Pegs Tarteaued: claeette oe oe, pe ° In New York’s 8 sat Camber Ze by any other method. ion gan olf el capreigeteng camped ‘ pes housewife who isn’t using ts rae epee FILL~ porte begun, dane : i" ole market wan exhace i as much work o! ices Onceni torent at Sixth Avenue, 20th to,22d Street, New York City dish-washing as she need to. SiS crete. An outstanding tsve of If | 3 u'll I your Vict for Geld Dust is sold in 5c and large packages. = eae tetas at n'a ee oe you love music, you'll love Victrola— Saecmereerene j Folatively emai Geot that proved. the the Victrola is everything that’s musical—every- The large package or greater economy. “ see iy as 8 | to Hi ad BR i an ik if #? Beit | pene. Write to last straw to break the camel's back and compel a receivership, ‘There remained, however, one open ac- count. In 1907 the Frisco system man- agora had devised a grand coortgage bond issue, that was to cover all capital requirement for years to come. It was called “general len 15-30 year 5 per cent. gold da." Amount authorised, $i08,- , About ten million of these were © refund certain underlying bonds, leav- ing & clean one hundred millions for empire bullding. These bonds were se- bonds of certain original lines and bulls Dranches 1,073 miles In length and se0- ond mortgages on 370 miles more of RESINOL QUICKLY HEALS DISFIGURING SKIN ERUPTIONS Pi blackheads, wom. eer worst of all, Frye scaly torment, ecsema, vanish tin; i itch when “you use Resinol Ointment and Resinol Soap, Even though ‘your skin is so unsightly with eruption that you shun your friends and your friends shun you, Resinol is almost sure to make it clear and healthy, quickly, easily and at trifling cost. When you are of wasting time and money om tedious expensive treatments, get Resinol Ointment and Resinol Soa from the nearest druggist and you will iets ane why it has been ribed ft eighteen years for just such troubles "Phe Hesinol treatment yorks 2p gent ¢ Resin ment works,ap gent- Wy and inno abeolutely Wes Thos cass thing that could injure even the tend- erest akin, that it is especially valuable for healing the skin troubles of infants chil You can test Resinol intment and Resinol Soap at our ex- Dept, 28-8, Resinol, | id we will send you timore, Md. cured by depositing the frat a ONenL-ADAMSCo Flavouring Gravi HOLBROOKS WORCESTERSHIRE SAUCE le almply delicious. Imported Absolutely!’ sz szsss fois an.nh ats Brings you a $15 Victrola and $0 in Victot Records of your own se- lection, Remaining paymentsonly 60 cents per week for 46 weeks, Fifth Main Building. thing that’s best in music. Have a Victrola Tomorrow! The cost is as Jittle or as much as you like—@15 to $200. 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