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Show T1IE SALT LAKE. TRIBUNE,' MONDAY MORNING, 10 v A BARGAIN! GASOLINE ALLEY MARCH I; Jf20. walt fais Just shows v WHAT PPOFiT A TMS B'C hcfcs a Tier Fc cun fftfc and Guaranteed sooo miles i vg Been pavno 50! Companies Coming Rearrangements to Havo Vital Bearing on Financial System. The Baltimore and Ohio i NEW TORK. Feb. 29. -- An epitome of railroad thought In respect to the rail way bill aa passed by congress wai presented by Allied P. Thom, general roun-a- t I or tho Association of Railway Executive. when he said, Friday last: future "The government policy of the w no doubt depend uion tne success of the experiment now made. The act Itself Is about to enter upon It Test pe nod. If, under the system which It t tablfshee the credit of the carriers i made sufficient to enable them to perform their public duties, the legislation will, by universal concession, he a success. Is If, on the pther hand, such credit not established, the legislation a 111 be a failure. The tarriers enler Into a six months' lieriod tomorrow In which their Income will eon t lime on I 1m batdft of the eland-a- rd return. Pnr.ng this time, set an internal for the airier to be frv man f pen luianctal compH atlone. ! ugement of the Hvml lines and 1 expected to present thir application for freight rate liu reae1 to iIia tnUunPate rfituincrcs comnitsMon. 111 location, The Baltimore and Ohio Railroad, tapping as It does the large Industrial centers of the interior, and connecting the principal pities of the Seaboard with those of the Mississippi River and Great Lakes, Is logically In position to furnish satisfactory transportation service between the Eastern Section and the Middle and Western States. Regular freight schedules will be established between New York, Philadelphia, Baltimore and Washington In the East, and Pittsburgh, Wheeling, Columbus, Toledo, Detroit, Cleveland, Chicago, Cincinnati, Louisville, St. Louis and other Important centers In the West, and special efforts will be made to maintain regularity of service. By virtue of Its geographical ad roblems in Plenty. The? will also be engaged In rearranging the channels of traffic on a hauls omparablo to ihut existing before the government began to manage tho They will find ronalderahlo to do In readjubting their relations to labor. They will need to uns ramble an amaz-insltUHtlon which has recar freight sulted in Much acute shortages In pm localities that activities of many lorporations have been seriously curtailed. , Tbcv must have an eve to connew llnanring. strivdition with ing (o build up income amount profits suiftcicnt to attract the banker and through the the investing public. (relit being In the state of onstriction tlal it is. it would rem that h not incOMMumrablt part of t e test (o which Mr. Thom referred will be entailed In strengthening Hie idti utf of railroad seturillc ,nd in this regard no leas (linn in utbe dirceiiouM Ine Interstate commetre uiinn!s on will hate the power for weal or woe The commission s entru-te- d witn all f he fun to make o I rak the The conimicH:on hi to stahMsli the xahra'inns Upon wbh h ihiIwu. In- - j come will he hgured for two years or longer. The freight rat cm In le ti'ed bv the comntiss.mi vflll deter nine whether many properties are to make money nif ficietitli in of a bare Ih.in? n i. appeal to nonrec of new apitul. T nmiich the decision of th coiiminbion the Mimller roads will t put In position c'thor to earn reasonable return upon the investments In them or to exist through the thadty of s.iong. r nelgh-lorThe eonmilMshut poMesses th tight to redirect the flow of traff. ni vase such fiction would find towarj letter service ot the public nd a icducLun of costa of transporting good hunt-Ties- g tic-ul- The Dominant Factor. It will Financial Sections of Bill Declared by Wall Street to Be Fairer Than Expected; Money Situation Easier. Ey W. ; N W Rush Work of Unwatering Lower Levels and of Build- Editor National Acceptance Journal, New York. I: l. Fell. 59 By the adop-lio- n Ion that investors have ieiied a fur of the conference icport on better deal than bad been anticipated The National Association of Owners the railroad rvorKiilzatlon sennit ha bill, the given the stamp of Its private ownership tomorrow, ami, while more than a few sections which will dutilitles require revision or reservation. it is. on the whole, eminently sal Isfactory to ill parties concerned. Some of the prominent labor leader have been conducting a powerful Jobh against the measure, but radical latKr leadership has been so largely discredited because of recent actions that their efforts have been far less effective than they otherwise would have been. The most important flection of the railroad bill is. of course, that relating to freight and passenger rated, for it is on d the basis of compensation that the their tnAnagrs mustand estimate The failure. dinners for sucre law will dire t t lal the Interstate commerce commission establish rates that will yield the carriers a net operating income equal to fl- - per cent on the net value of their property. An extra of on per cent mav be added for additions, betterments and imvwhtch may then be charged provements All earnings in exto capital account cess of ti per cent aie to be divided equally between each carriers rrservs fund and the general federal railroad contingent fund, fiom which roads may secure loans under prescribed conditions. there are nil-roa- of Kallioad Securities, icpresenting the interests of millions of American investors, has been largely instrumental in sections of the formulating financial measure, fn the opinion of the bead of this powerful body,' tho future of the railroads is largely dependent upon the attitude of the Interstate commerce commission toward the carriers, The interstate commerce commission has now an opportunity fur constructive work to a governmental nresented rarely body, said Air. Warfield. We have contended from the outset that the difficulties underlying the successful regulation of the railroads arose front la k of legislative direction and from lack of power enabling the commission to function properly, and that there should be no Interference with the commission through the establishment of another appointive regulatory body involving a division of reiqMinsibilitj "But l Me retfporiHibillilp.. of tho are no greater than those resting upon the railroads themselves. They now have their final opportunity to prove that they serve tho country as privately owned enterprise. Congress has done ail it can. It remains to le seen whether those who are responsible for the conduct of the policy, as well as the operation, of the railioads will do their part and give the public etldence that they will cooperate to the successful an ompllsh-rneof that which this act of congress entitles every Interest to receive." . nt Money Market Easier. Too Ruby Hill mine, situated at Eureka. Nev., is one of the best equipped mines in the elate, according to the Eureka Sentinel. Not only Is the equipment adequate for all needs, but all of 4h machinery is in excellent condition. L. T. Hercliii.cr, superintendent for the Ruby Hill Development company, which Is now pushing the work on the mine, declared that he is very enthusiastic over the outlook. The company has a very definite plan worked out, and a large sum of money has been set aside to carry out that plan. So that with the machinery in perfect condition as soon as thd lower levels are dewatered and the spur railway track completed, development work can be earned on without any possible delay. was sunk The IxOcan eliaft. which about JSS4, is newly timbered to the level, and water in the shaft at present reaihs a jwiut S3 feet below the water level on the end of the new timbering. The ondition uf the shaft below the watr level 1h not known, but with the . rffici ml pumps and baners. which are on the gtound at the mine, the water in expected to be speedily removed, and then the amount of work to be done on the ie?t of the shaft will bo known. All tlm pumps and bailers will be stalled for up as soon as the company's shipment of coal is received Twd bailers he u.se 1 in handPng the water to a wi Iiaeh halier depth us low' as possible. has a capacity. After the bailers have lowered tue water to aa low a depth as possible, two sinking pumps will be Installed at that level. These pumps will force tne water to the station sump which Is on the level. At this station will be intwo triple stalled station expansion pumps, which will raise tne water from o tho the sump surface, where pipes are ready to handle the water. The capacity t,f the station pumps is 600 gallons of wattr a minute, with a head capacity of As the water is only 215 feet 1.5kj feet. deep, tiie Locan being a shaft, such a dewatering system will soon have the shait ready for use. It is expected. Mr. Herciimer expects to have the Locan shaft equipped with 900 feet of ladder soon. When the water Is removed, the shaft will be sunk further and necessary levels run from that point. Another improvement that Mr. Herch-mannounced is to be made is the placn water tanks on ing of two the hill above the mine for fire protection. These tanks will be ISO feet above the elevation of the collar of the Locan shaft, so that sufficient pressure can be had Industrial accident Insurance has been secured for ail employees. Mr. Herehmer tuid and a first aid building is to be quipped to care for any emergency (aaes that migiil at isc 900-fo- ot 11 n 4 high-grad- BONDS lail-roa- ci 900-fo- ot 600-fe- et er 33.000-galIo- EI COLE SCO. de-pr- Lowest Cost Copper Pro- ducer in Country Fails to Earn Dividend. p-- ell-ni- Smaller H.Wr(2)HEYr 113 Firpoot At, Salt Lak City. Utah e GGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGG(! I nued trde Extension Mining company. t lie lowest cost copper producer in the country, failed to earn its dividend Boston during 1919. accord ng to the News Bureau. Furthermore, it became a borrower, with loans of 11,090,000 remaining unpaid at the end of th year This refleois how very unsatisfactory was the year, as a whole, for the copper , kperhil t Toe THhsiie Indus! ry. a meeting FARMINi.TON. Feb. 29 The vonipsn.v entered 19;o with of the eotin'y miss, oners t.le followpounds of oopjrer ott hand This kto.poo less than the ing dr putv (onitiv (i.svenors for jn.ft were' vvas but iswreme H Colei, Tvler 11. ear's out put Thepound srixv'nted Jerome camp was Barton Mb-- s lone Pi I'ilps. T. P. tkd up for four months bv a strike, howT omai K. John Ivan lleie, ever. wlncl ( ut down kin to a fh ore f; greater extent than couldproduct Najior. Harold otherwure - have O fjae Cha.ba t ark "1, ftnd. Iwen the tae. ''uen w . Ktnd.,. -r A d.Mippojntmtnt and Ovige many vtaia, L 1 Pa-ke- r, V A B C 7S0BATE AND GUARDIANSHIP NOTICES. Ut county clerk or tho reopeetl.e ntffufr, for further Information NOTICE TO CREDITORS. Estate of Elizabeth von Bergen Bock, deceased. will Creditors present claims with vouchers to the undersigned at 4IJ Boston building, Salt Lake City. Utah, on or before the 19th day of April, A. t. 1920. A. M. CHENEY, with the will annexed of Administrator the estate of Elizabeth von Betgen Beck, deceased. Date of first publication, February 16, h437. A. D. 1920. THE DISTRICT COURT, PROBATE division, in and for Salt County, slat, of Utah. In the matter of the estate of William Lloyd Crawford, de- LN Doubtful. Require cash. F One or more judgments against G Filed petition in bankruptcy and Included bills for ordinary necessities. H Have one or more accounts against for collection. U Went into bankruptcy, but afterward paid his debts. V Voluntary bankrupt. W Always promises, but as often has excubcs why could not pay. X Involuntary bankrupt. Y Pleads that bills are outlawed. t Has habit of disputing bills. D E (CM S IPS jji' Pays prompt. Good, but not prompt. Slow, too Blow. We publish the credit rating book and furnish'eredit ratings pertaining to people throughout Utah, Idaho, Wyoming, Nevada and west- ern Coloiado. Those who desire improved credit ratings owing to a change in their conditions should advise us. We aim to furnish correct information and be fair to all parties. Those who have gone into bankruptcy and have afterward paid their debts should notify us, giving particulars. The bankruptcy court makes no record of those who pay after bank- ceased. Notice. ruptcy. The petition of Ruble R. Crawford We are scientific collectors of honest debts. We collected $184.00 to for letof the herself issuance praying was money due recently for Tuttle brothers, the real estate men. ters of administration in the estate of for house rent from a mail who had gone into bankruptcy. William Lloyd Crawford, deceased, has been set for hearing on Fridav, the 6th Red Streaks of Honesty Exist in Everybody. , at two o'clock day of March, A. D. Turn in jour claims. p. m. at the county courthouse, in the courtroom of earn court in Salt Lake City, Salt Lake County, Utah. Witness, the clerk of said court, with the seal thereof affixed, this 18th daj of February, A. D. 1920. FRANCIS G. LUKE, General Manager. J. E. CL.MHC, Clerk. (Seal) clerk deputy By M. M. Snell, Continental Floor Fifth National Bauk Building, Salt Lake City, Utah. Kawlms, Ray &. Rawlins, attorneys for ' Some People Don't Like Us. h5o97 petitioner. IN THE DISTRICT COURT, PROBATE division, in and lor Salt Lake County, State of Utah la the matter of the of a certain doeu- - e.siHt and of compromise and settlement estate of Jennie I'. Joliusdn, deceased .idnilsslon to probate nent, purporting to be th last Will ami of claim of said estate against ComNotice. Testament L. of Frank or mercial club and for th fixing and aldeceased, Johnson, Th. petition Bcnj. R. Johnson, adof letters of Admin lowance of attorneys fees has beeo set graiitiug ministrator of the estate of Jennie P. and for the will the with to annexed Bunker lptratiun Johnson, deceased, pray mg for an order Trust nearing on Friday, the 6th day of Conqmn, has been et for hearlu of sale of real prt perty of said decedent, March, A. f. 1920, at tw'o o'clock p. in. Friday, th 5th day of March A. D. 1t20, at the county courthouse in the courtand that all persons interested appear etn two oci&ck p. m.. at th county courtroom of said court, in Halt Lake City, before the said court to show cause w livIn the courtroom of said court, Salt Lake county, Utah. en order should not he granted to sell house. hi Halt Halt lo$ke CHy, Lara County, Utuh, the clerk of said court, with so much as shall be necessary, of the the Clerk of said Court. wFh the t! Witness, affixed, this 13th day ol sal thereof following described real, estate of said xeal ifness thereof affixed, tins 10th day f FebA. L. 19J0. deceased, to February. 10 JO. ruary. in Ogden City. Weber Countv. J. E. CLARK, Clerk. (Sea!) ( Sea ) J, C CLARK, Ciflrk. AJ. M. Snell, deputy clerk. B tale of Utah, a .part of lots 9 and 25, Bv M M &. Mark. Geo Heputy Clerk. in block 10, South Ogden anivey, in Lev, Hoppaugh Jay GibThomas L. Mitchc.i. Attorney for Peti- son, R. A. McBioom, Ogden City survey, beginning at a point tioner. attorneys for pebt'100 titioners. 165 feet south of the northwest h509 corner of said lot 9 (winch m the northeast corTO CREDITORS. NOTIC$ NOTICE TO CREDITORS. KsiaL of V I'Fiun K James, deceased ner of said lot 35). running thence east Itate of Jane Agnes Uonincy, deceased. v, ill 43 89 feet: thence south 29 feet; thence Ciedltois present claims with will Credit present claims with to the undersigned at 1 5C west 123.89 feet; tneuce north 39 feet; Nouehera the to undersigned at 414-- 1 on'.er thence east 80 feet, to the plai e of be- VValke' Ha ik htnldiuK, Hall Iak CUy, Halt latk Valkir Bank building, City, ginning, standing In the name' of Jennie Ctah, on or before the ath day of June, 14th day of June, tah, on or before Isabelle Johnson also petition for an or- A. I.. ly.ii. 9 JO H. ROMNEY, A L. W. hUZARKTH F JAMBS. der confirming the sale of me r, at estate rf the Estate of Jane Agnes of the Lstate of William Adniinisialor shunted in Weber countv, Utah, made Admimstrafri Romn ,1a on court November F 7, mem, 1919, this has by L. r,gr!a?n Clu ft, Attorney for AdWilliams A .Williams, Attorneys for ministrator. been set for hearing on Friday, the 6th day of Mareh. A. I). 1920. t two o'clock Administratrix. of firs publication, February 9 Late Late of first publication, Feb. 2. i1 p, m. at the county courthouse in the H2 hlU.2 hfloO courtroom cf avid court, in bait Lake I.v City, Bait Lake Countv, Utah. STOCKHOLDERS' MEETING. di court, with VVitn. the clerk of said dMsion. ir and fir Salt Lake County, Bullion-DecA Champion Mining Com this lilth day of the seal thereof affixed, State of Utah I th matter of the 1920 D. A. peny. February, Mat of LavnJ deceased Th Keith, So annual cf fhe etoekholdrs J. E. CLARK. Clerk. Beall mating Bullion-B4 tCO. of tn k A Champion Mining M. M. clerk Snell, By deputy The 13Ua of Keith petition Kskride, company lor the election of directors and Soule A Spalding, attorneys fur petiand PanUejs Trust lompanv. exHu'r otfuern and th x IiMi04 other tioner. of th ja.l wit and tcMainent of Lavtd buine&s a mv transaction ronesuch before le lawfully 1N THE DtixTRIv T t ( il KT. I'Ri tbATE Keith, deccaecd, and I 'avid Keith, adbe held st the office of tts company, will TM vision. Id amj for Balf lake i ouniy. ministrator with the wilt annexed of the room 920 New house building, Ha t Lok In th limiter if tlus rstatf of etae f Lawd Keith, deceased. r Lth. CU), Ttah. on Monday. March 1. 1920, at H of Erauk Jolmvm, elects Hq Not ti r and tat (lenient of 10 nl'xk a. m. W. W. RGER. nd claim of K fct'Mifi Mtntnp The fir? Hon uf Hrvv K and bocrcurv Hankers TrUxst Commit), jrairs fu. infl i'afk Lt.Ui Mining company rim)Htiy itg 192-?- Merchants Protective Association fr , i,. United Verde Extension, through persistent exploration work, became the sensation of the copper world In time to share in the record prices of the war period. In four years dividends paid amounted to 39.555.0UO, of which 11.575.-00- 0 was returned to stockholders out of reserve fund for depletion. Eliminating charges for depreciation, depletion and government taxes Verde Extension produced its 1919 copper at an average of 9.8 cents a pound. The average cost in 1916 was 8 3 cents a pound. The management now claims ore reserves of 671,400 tons of ore averaging 15 per cent copper. At the end of 1916 they were estimated at l.ooo.noo tons of 16 per cent ore. The ore produced during the past year averaged 15v per cent copper, or slightly above 300 pounds per ton. The recovery In 1917 was 549 pounds copper per ton ore. 1200-fo- fit to President. March 1, 1820. V I J. 111 of The Baltimore and Ohio ing Railroad Spur. S. COUSINS, Among the prominent featuif-- of the Rail Business Increased. financial situation that mai k the pacing of the Fthmaiy are: An easier situation in The bilf present s that neither the money market, with lower rates fur present rabroad rates nor wage? of fin call and time money; a broadening deplovees can be reduced fur six month e for securities and bankafter the roads have been restored to mand ers is tt acceptance? from individuals, corIf, therefore, private ownership. found to be irnpracth aide to operate un- porations and investing financial instituof new underder present schedules, the railroads will tion?; the appearance be compelled to resort to the alternative writings In the form of large industrial of reducing the number of emploveee in stock issue and foreign government those departments wh uli can best afford bond issues; an inebriation to rally n the foreign exchanges, especially sterthe reduction. Railroad statistics how that traffic on ling and franc exchanges; a marked fallthe earners has trebled during the past) ing off on exports, due to the unwillingtwenty yeara. In other wolds, our rail- - ness or inability of European purchasroads now cany in four months as much ers to negotiate for our commodities freight and as many passengers as thev in the fate of adverse exchange rates; are now selling to net the Investor better did in the entire year of ivis This, of an improved business outlook inspired by SVx than per cent. Considering safety course, necessitated the employment of the belief that the clearing away of the more more railroad debris of war is proceeding satisfactorily yield and marketability, there is no betmany emploees. ter Investment. For those who have equipment, etc., and to handle tb s busi- and that international problems are well and the on their way to solution. we with ness at the present iate are now ad Some optibought at higher prices vising the purchase of more bonds to same number of employees as heretofore mists have even expressed confidence in at the hign wages ptevaibng is next to tho ultimate ratification of the peace tvernge down their cost. impossible. treaty by the United States senate In explanation of the de' it m railThe present period has shown us that A. HCGLE & CO. road finances under ftdei i! operation. we are largely dependent upon external of trade In order to build up a condition of Mines, directoi general Walker L We must sell heavily abroad railroad!, said recently thu the real SALT LAKE OGDEN reason for the deficit from railroad op- prosperity. if vve would find the widest market for 169 Main Street Eccles duo Bldg. federal under control to is erations our - Wasatch 77 goods. Tel. 322 d the fact that the prices charged for transrnrtat!nn have not been tp-- Exchange Demoralized. tn eased in Keeping with the mcr'-nseTnc steady advamr t.i tM pifUiihan For the six prices of commodities. over sterling, month.? of federal controi theie vkas no of the American dollar increase in the rates of tnms'OtatRm. franc, lira and mark has exchange incaused most tho j If the railroad administration serious compilation's ad creased its ittUa uU or tr ur ioit, in the foreign exchange market, and if which was less than the inert ase in pri es continued uninterruptedly will result in bv private industries throughout l be counu!tr demoralization o! our fre'gn trade try and which, bv the w h' appeal a io When London exchange nella at a deprebe in in now Jhie with !n increases ciation of more than ill per cent fmm rates BROKERS being proposed fur laihoads in England the normal par of exchange and vvhc.ii ami tit other European countr.es hand- - gold bullion at London commands a pre some profits would have been shn-,of 4J per cent above the mint n.imlum Members of the Salt Lake Stock I stead of a dtfi it" a er proo- price Jt hcioim hanStocks and Bonds cm hoe to louiin-Exchange. io do Insinoss w:tn Securities liuiia hm Fptn ReUii Hrcat Britain, Respond. dled In all markets. Liberal adthe Traruvwa! poUl which BrftMl tank-- v . What of li.e fnit,e of vances made on securities at banku, her, at the tmu that la?l Fcptf he lmmcdb.le ani bonds'.' wen rentoxul. thought restriction t in question is to he seen m the quo k able rates. ' would fimv to the I States, and letponse of the railroad shares to the thiif assist it the rehabilitation of the turn 'of the Icr. dative ami bUfi.ri tun e. Stock Exchange Bids Wasatch 1373. S'Wail street quotation Is unammouelv of the omu- 1L is obvious in a situation whcie that e the price uf British exchange can hue 10 r rent wtthtu three d;ts t it it i 'llnfi the mo? inut t!al severe if history it becomes 3 friqxif'dMe for the producers and manuGO facturer ufHr-a-the t nit 1 States to do tu?i-nr- n t with Britain. The same ts true of alt Europe, for the depreciation GG in ontinentdl exchange has put dollar GG credit beyond the teach of almost every foreign purchaser of American supplies. capacity and bigger overhead are the two grief., that poor rontt ruction GG We can prevent both G equipment brings a contractor. Deputy Assess nrs Chosen. A the aim 6ATISFACTORTJO INVESTORS move-tnent- which scores of road ahall the commerce coin mission l the enloy, dominant factor in the railroad situation. In th opinion of railroad men and bankers. the crux of tha teat of the nulwuv statute lies lit the attitude of the com' mission and the success or of the law will be shaped In greatest part hy the willingness of lite commission to break sway from the habit of mind and the practice which uscJ to be the despair of railroad managers and the owners of railroad securities. It Is becoming evident Increasingly that the country's industrial undertaknow wav under ings and projected are overtaxing tho available supplies of credit. At a time when rates of money and eredit should be fairly easy In t lie east, they are high and tending higher, and interior funds normally present in the New York loan market In quantity until along in March, ara scares ami growing starcer. Gold, the basis of credit. Is flowing , out of American centers in streams, and ilia effect of the movement is accentuated in bank statements of condition because credit expansion goes on apace. A theory is averred in some quarters that liquidation of commodities under the stress of the calling in of loans has made considerable progress in the last six weeks, but baa not shown itself In bank loan accounts because unfavorable weather and car shortages have retarded the delivery of goods and the payment therefor. There may be something in this, yet all signs Indicate that transportation factors of retardation are alight in contrast the desire of manufacturers to increase their lines of credit and the evident success they are be Company in the future, as In the past, to satisfy the reasonable requirements and desires of its patrons, both freight and passenger, and it solicits business solely upon that basis. MEASURE PROVES RAILROAD approval 1o the must Important Interested fumla men tally In all Maces of railroad endeaor from the colnl coinprehenwv o ttulroad legislation ever here traffic orlclrmtes rlclit t.irouc;i to ena ted by that body; the determination of the , proTonllion of Tho ivorpanizahon Mil makes full proe ascregate Income from traffic vision for the return of the railroads lo G J The Baltimore and Ohio Railroad Company has resumed, as of this date, the operation of its property, and now solicits, and will endeavor to handle satisfactorily, business to and from all points on or via Its lines. PpevUi to Tho Trlbuae. GG GG : . k CfeKtfcjr JJxrrk Sint u. s. Railroad Company , f- te 1 Ierat1. the strict cocrt. frobatc . k - e I |