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Ironwood News Record (Newspaper) - January 28, 1911, Ironwood, Michigan
Ironwood news record volume 25 number 48 Ironwood go Gebic county Michigan saturday january 28 1911 per year in Advance Devons groceries have been the Standard for purity and excellence for years it the same High duality is continually maintained throughout our entire Stock James Devoy co wholesale and retail grocers 1 about prescriptions if tit filling prescriptions is not merely mixing child can do involves a knowledge of the drug its physical and chemical properties doses and various other Points which can Only be obtained by study and practical experience we have both let us fill your j u prescriptions i m f Mccabe co i Dato lists did you Ever Stop to think did you Ever Stop to think what makes a Good Bank it is not the Beauty of the building or the finish of the furniture but simply the character and ability of the men behind it this Bank invites the very closest investigation of its Board of directors we do not believe any combination of business men in town could serve you More reliably than the men behind this Bank we therefore claim that every one of our depositors owes it to himself to Stop and think seriously before severing his connection with this Bank go Gebic National Bank 9 Ironwood Mich the fire risk your risk of loss by fire can be reduced to a minimum by obtaining a policy in a company that in More than a Hundred years has never failed to pay a loss we do not represent any company of doubtful financial responsibility Agency new York life ins co h m Erickson successor to Sci Obert Ericcson electric Deal inquiry state Railroad commission considering controversy gradually the reasons for the hitch in the proceedings for the Transfer of the electric lighting arid Street railway plants of Ironwood to the Appleyar Sullivan interests Are becoming Public the following paragraphs from a Detroit paper of Mon Day bearing a Lansing Date line will be read with interest Here for two Days last week the state Railroad commission heard testimony and arguments in a Case coming from the upper Peninsula involving a pub Lic Utility Bond Issue which has Fea Tures somewhat out of the Ordinary having before them positive state ments by the experts employed by the owners of the properties As to values on which the proposed Issue would be a first Lien and statements by experts employed by those who would buy the properties and Issue the Bonds the two sets of statements be ing widely at commission will Send its own expert prof Cooley of the University North to make an Independent appraisal Here is the Case e d Well known upper Peninsula banker and capitalist whose Home is Ironwood owns the Iron Wood Street railway and electric lighting properties which Are incorporated As the twin City general electric co Over at Bessemer is a privately owned electric lighting and Power Plant the go Gebie electric co four Ash land parties who Deal in pub Lic Utility properties Arthur e Appleyard Florence d Sullivan Albert d Johnston and Manuel m bid Pur chased the Bessemer property and made a conditional Purchase of or Nelsons two Ironwood properties they then organized the go Gebic and Iron counties railway Light ing co and applied to the Railroad commission for authority to Issue Stock and Bonds the commission told the consolidated company that their properties would not warrant it the limit of the Stock Issue was Cut by the commis Sion to and the Bond Issue to the Price which the Ashland men agreed to give or Nelson for its Street railway and lighting plants was they were to pay him Cash and give notes for 000 to be secured by Bonds on the consolidated properties of the two cities shortly afterwards and be fore the Bonds could be printed m r Nelson Learned things which prompted him to refuse to carry out his part of the transaction on the ground that the consolidated company even at the maximum fixed by the commis Sion was Over capitalized and Over bonded he petitioned the commis Sion to cancel its permit to the consolidated company to Issue even 000 Stock and Bonds and it was on his petition that last weeks hearings before the commission were heard in the meanwhile the consolidated company has begun suit in a Milwaukee court against or Nelson for a specific performance of his contract to sell the commission in its order to is sue Bonds decreed that none of the Bonds must be sold for less than eight five cents on the Dollar which is represented to be a reasonable minimum it came out at the hearing before the commission that the consolidated company has organized a holding company under the Wisconsin Law this holding company was to take the consolidated company Bonds at eight five and then Issue Bonds of its own which under the Wisconsin Law it could sell As Low As seventy five cents on the promoters however say that they could readily sell the holding com pants Bonds for As Good As eighty this deduction has been suggested to the commission the holding com Pany would get Bonds for or say even at it would make on each Bond simply by transferring from the consolidated operating company to the holding company the Ashland men who control the operating company also control the holding company when the Bonds became due the holding com Pany would get for Bonds which were turned into its Treasury at and the Michigan properties would have to earn All of the velvet or what Ever name might be applied senator Ashland who appears for the promoters told the com Mission that his clients Are now ready to pay or Nelson in Cash if he will Complete the Sale but the commis Sion in View of the contradictory statements of the experts will wait until professor Cooley completes his appraisal before or Nelsons petition 1 to have the original permit fora 000 Stock Issue and Bond Issue is acted upon in the meanwhile Bonds or Stock will be issued no Anders Haugen jumps 145 feet if you Are sceptical about what is going to happen to Thesee jumping records next out Toth Eskee slide North of Ironwood and watch the boys and Young men perform the news record told you last sat urday that Anders Haugen of Chippewa Falls National Champion was in town and that he and some others would give the slide a tryout Dur ing the Day Well they did and when Haugen struck the Snow on the run Way his Foo Marks showed he had negotiated 145 feet and he makes the prediction that the Mark will be beaten at the big tournament to be held Here on feb 19 a lot of Young sters who gained their experience living Down the sides of the Norrie mine Cave and some grownups were out at the slide sunday afternoon and every mothers son of pm covered distance enough to make one dizzy the longest standing jumps were 115 feet and Dave Ryan fourteen years old Riding in excellent form made one jump of 105 feet and stood another of 100 and stood and spilled when the wind crossed his Light Skees on the third trial the changes in the jump off have made the Hill probably the fastest in the Lake Superior country the Best that Frau Gen could do at superiors tournament on sunday was 120 feet but at that he broke the Hill record of 117 feet and won first Money in the professional class at Pierce theater feb i few novels have been More widely read in the last forty years than St a dramatization of which is to be presented at Pierce theater wednesday feb 1 when the a Hor Augusta Evan Wilson died a new months ago she left an estate of Over seventy live per cent of this it is said represented her royalties on St mrs Wil son was constantly besieged with of fers to permit the Book to be made into a stage Story but Only once it is understood was she persuaded to allow a play from it to be presented this was some years ago and exercising a women privilege she changed her mind and the play was with drawn now it has been made into what Sterling critics Call an excellent play bringing into life the Best situations and most thrilling incidents of the novel the dramatization is by miss Grace it Ayward whose literary Jent has kept Pace with her Bright stage career that it will please a mass of theatregoers is indicated by the cordial reception Given it in the several cities in which it has been presented tickets at Mccabe drug store 75 cents and general admission 25 and 50 cents National Skee tournament Jens Eggen and de Hedlund left last night for Chippewa Falls As Dele Gates from the Ironwood Skee club to the National tournament and convention to be held in that City today and tomorrow Eric Nyberg and Louis Burthen will represent the Ironwood club in the jumping con tests the boys will make an Effort to have next years National tournament held in Ironwood and heres hoping they May succeed in their Mission Stoughton is making a Strong bid for the big gathering and As that place pushed Chippewa fall hard last year May win out this time however Ironwood is on the Skee map and if its delegates do not win but this time they will go after the 1913 tournament with renewed vigor next year decision effects express companies a decision was reached in new York saturday by the principal express companies which Isof far reaching importance instead of two companies which May handle an express pack age making a separate charge on each line the charges will be the same As if one company had carried the pack age from shipping Point to Destina Tion necessary details now Are be ing perfected and As soon As Legal requirements Are complied with this plan for through service at through rates will take effect immediately be tween All express of laces in the United states annual play feb 9 and 10 the High school dramatic club will give its annual play at Pierce theater on thursday and Friday evenings feb 9 and 10 rehearsal have been in Progress for some time and a performance up to the clubs former Standard of excellence is assured tickets will be placed on Sale at Mccabe drug store on wednes Day morning feb 8 at Oclock reserved seats 75 cents general admission 50 cents Fine watch and jewelry repairing All work guaranteed c m bean 5your Spring w we Are ready to serve you having taken advantage of a recent Ujj heavy Sale of Cotton piece goods has Given us an Opportunity of w placing on Sale one of the Best and largest lines of suiting Musca Lins Cambric Nain Sook Long cloth Percale and Gingham of it which we ask your inspection to 3g Inch Tower Mills unbleached Cotton per Yard 36 Inch Harding us bleached Cotton per cd 36 Inch Lockhart unbleached Cotton per cd 36 Inch Michigan unbleached Cotton per cd 36 Inch Sterling unbleached Cotton per cd 36 Inch product bleached Cotton per 36 Inch toilers bleached Cotton per 36 in our own bleached Cotton per 36 Inch Peerless Cambric per 36 Inch Fine spun Long cloth per 6c 6k 8k 9k he 8k 9k Loc i2c 15c Wash goods Everett classic zephyrs per bed Seal Gingham per 32 Inch Gie cover zephyrs per Short per Short per 32 Inch Percale per Bonday Flannelette per i 15c Loc Short Outing flan Nels per Yard full Standard Outing flannels per Yard f 1uc h i c 2c wide sheeting and Wash dress goods at equally Low prices Davis feb i if not let us Supply you with one we handle the celebrated Taylor instrument with either the spirit or Mercury column we have them graduated in both fahrenheit and centigrade systems prices ranging from 25 cents to each City drug store Mclod ave it it while Down town it these cold Days x it it Iff All beef Tea Cocoa Tomato Bouillion and Vigoro served with cookies it i in i Chalul it 109 Suffolk Street opposite Peoples Bank it Anton Michaels Liei in meats there is a lot of satisfaction in knowing that when you place an order for meats you Are going to receive the very Best skilfully Cut and promptly delivered a trial order will convince you that we furnish you this Gus Swanson 1o Bast Tbod ave Pitone 23
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