wy ore om A TTI og 0 AAT gy A Rens Gym
Er an A ore A Se, me a
La a
eT,
Bellefonte, Pa., Nov. 8, 1895.
To CorREsPONDENTS. — No communications
ublished unless accompanied by the real
name of thewriter.
Ee ——— .
THINGS ABOUT TOWN & COUNTY
—— “Rheumatix” has driven A. J.
riest, of Unionville, to the use of a
crutch.
——Ray Martin has left Milesburg
for the Juniorville orphan school with
very sore eyes.
——The Shakespearian recitals at the
Y. M. C. A. ball by Prof Fred Going
are attracting considerable interest.
——Mr. James Storm, father of bar-
ber W. C. Storm of this place, is dan-
gerously ill at his home in Tyrone.
——Ex-mail carrier John Wagner
has succeeded F. Peebles Green as
watchman at the Centre county bank.
——1If you are contemplating deing
any fall advertising remember that the
‘WATCEMAN is the best medium in the
county.
——The Daily News made the start-
ling announcement, on Saturday, that
the Democrats had given up the fight.
Of course it knew.
—J. E. and J. C. McGowan, for-
merly proprietors of the Pennsylvania
house in Tyrone, have leased the Man-
sion house in Clearfield.
Bellefonte’s Chinese laundry-men
havegiven up their struggle for an ex-
istence in this place and moved away
during the fore part of the week.
——Wm. Holmes is laid up at his
home in Milesburg owing to his having
cut his ankle bone with an axe while
working at the ‘‘black horse’ log camp.
——Because the goose bone is nearly
all white this year old sign readers say
that the snow will fall early in Decem-
ber and cover the ground until late in
April.
——E. M. Huyett has retired from
the firm of Huyett & Rearick Centre
Hall foundrymen. Mr. Rearick will
conduct the business himself and start
the foundry soon. $
—— William Daily has become night
watchman atthe C. R. R. of Pa., sta-
tion in this place. He expects to be in
condition to go on the rail-road again
by the first of the year.
——The Saturday issue of the Phila-
delphia Evening Telegraph alludes, ed-
itorially, to The Pennsylvania State
‘College foot-ball team as ‘some agricul-
turists from Bellefonte.
——Millkeim Knights of the Golden
Eagle are promoting the social side of
their order. An oyster supper at the
home of Mrs. H. E. Noll was one of
their latest entertainments.
—--0On the 14th inst. ex-treasurer
James J. Gramley will move his family
feom this place to his farm near Hub-
lersburg. Ammon. his son, will move
thence to a farm in Clinton county. 2
me Harry Larimer, a son of grocery-
man R. G. Larimer, won the bicycle
that was given away by the “Two
Johns’ company, on Wednesday night.
He had more votes than either Charles
Arderson or Lee Adams,
Possibly two of the heaviest men
who have ever been in Bellefonte were
the comedians in the theatrical com-
pany that appeared at Garman’s, on
‘Wednesday night. They were the
“Two Johns’ whose combined weight
is 700 lbs.
——The Pennsylvania state conven-
tion of the Christian alliance will be
held in Harrisburg from Wednesday,
Nov. 13th, until the 17th inst. Meet-
ings will be held in the first free Baptist
church and the opera house. An excel-
lent program has been arranged.
Rov. King, of Milesburg, drove
up to hear Rev. Dr. Monroe preach in
the Methodist church here, on Sunday
evening, and tied his horse at one of the
hitching posts on Howard street. While
he was at the service some rascal stole
the lap robe from under the buggy seat.
Old Henry Fry is still missing
from his bome at Potter’s Mills. As
the old man left home with a pair of
cloth slippers on his feet, that were not
at all suited for a long tramp, it is fear-
ed he has committed suicide. Allison’s
factory dam was drawn off last Sunday
with the hope of. finding the body in it.
——Junas Condo, a well-known resi-
dent of Centre Hall, died at the home
of his son-in-law, Dr. Emerick, on last
Sunday afternoon. He had been in poor
health {or several years and became
paralyzed some weeks ago. Deceased
was born Nov. 14, 1820, and was a
blacksmith by trade, having lived near
Penn Hall most of his life.
Governor Hastings came home to
vote, on Tuesday, and while here he and
Mrs. Hastings were entertained by Mr.
and Mrs. Reeder. An informal recep-
tion was held Monday evening at which
many of their Bellefonte friends had
an opportunity of meeting the Governor
and Mrs. Hastings. The Governor and
‘Wilbur F. Harris left for Pittsburg, on
Tuesday morning, to be present at the
dedication of the Carnegie library that
evening.
| The Complete Story of the Valentine
1
Iron Company’s Troubles.
An Open Letter from J. W. Gephart Esq, Late
President, Tells it from Start to Finish—
Nothing Withheld.
To THE STOCKHOLDERS AND PATRONS
OF THE VALENTINE IRON (CO., AND
THE BUSINESS COMMUNITY OF BELLE-
FONTE :
The time has now arrived for me, as
one of the late officers of the Valentine
Iron Co., to justify the recent manage-
ment before our stockholders, patrons
and the business community in which
our property was located. Until the
recent decision of the supreme court,
and until all litigation was ended any
publication on my part would have
been improper. But now that the su-
preme court has entered a final decree
on our demurrer and refused to allow
us to file an answer on the merits, I
consider the controversy and our busi-
ness is of such a public character in this
community that I have a right to at-
tempt to vindicate myself and the en-
tire management from the unjust asper-
sions and imputations sought to be cast
upon us in the eyes of the public by the
final decision in this most important
and far reaching case. In doing this I
will endeavor to avoid all feeling, state
the facts impartially, and allow the
public to form their own conclusions.
On August 2nd, 1886, the Valentine
Ore Land Association bought the prop-
erty formerly owned and operated by
Valentine & Co. On the same day
(Aug. 2, 1886) a mortgage for $600,000
was execuled on the property. Of this
sum $400,000 was used to pay the pur-
chase money and $200,000 to erect the
present furnace, and provide additional
mining and other facilities for operating
the plant on an enlarged basis.
More than seven months after this
mortgage was executed and recorded
on March 23d, 1887, an agreement was
made by the Valentine Ore Land Asso-
ciation who held the property subject to
the mortgage, with the Penna. R. R.,
the Bald Eagle Vailey R. R. and the
Nittany Valley R. R. Co’s. This agree-
ment was an attempt to monopolize the
traffic of the furnace, to bind the Ore
Land Association and the then Centre
Iron Co. to give all their traffic to the
Penna. system, and to prevent any fu-
ture competitive line coming into this
territory from securing any share of it.
The trustee holding the prior mortgage
was no party to the agreement, nor in’
any way assented to it. Of the $600,000
of mortgage bondholders, those holding
bonds aggregating fully $500,000 were
not consulted about this encumbrance
on the property, knew nothing of it and
never ratified it.
In November, 1890, the panic follow-
ing the failure of Baring Bros., brought
the Centre Iron Co. into financial straits.
Several interest payments bad been de-
faulted on the mortgage. Foreclosure
followed, and in January, 1891, the
property was sold on the mortgage and
purchased by the trustee for the bene-
fit of the holders of the entire $600,000
of bonds. As the sale carried no cor-
poration franchises, a new corporation
was organized (the Valentine Iron Co.)
to whom the property was transferred
and stock issued for $600,000 to the
that agreemeut.
No concessions in
rates or otherwise were ever made to
the Valentine Iron Co. or even claimed
to be made under that agreement. No
consideration of a single dollar, and not
even a pin, ever passed from the
Penn’a. R. R. Co. to the Valentine
Iron Co. for the renewal of that agree-
ment. If any such renewal ever occur-
red it was without corporate action by
the ‘board of directors or the stock-
holders of the Valentine Iron company,
and without consideration. How such
a renewal of so important a contract
under these conditions was possible I
never was a lawyer enough to compre-
hend. nor did our company ever secure
a legal adviser who imagined such re-
newzl ever would be forced on the prop-
erty under these indisputable facts.
Our company had renewed and re-
peated controversies with the freight de-
partment of the Penn’a. R. R. Co. on
rates. But we never claimed any spe-
cial rates because of the 1887 agreement.
All we claimed were the same rates given
to Bellefonte furnace company and every
other furnace in the Central Penn’a.
district. Even these we never received,
as we were prepared to prove had the
supreme court allowed us a chance.
The fact is we never received our just
rights under the laws against discrimi-
nation, and were not only not favored
but actually discriminated against.
This controversy and difficulty about
rates began in June, 1891, and continued
until February, 1893, and finally led to
some of our principal stockholders as-
sisting in securing the building of a
competitive line to save their stock. A
sufficient resume of this controversy will
be found in the following letters which
speak for themselves :
PENNSYLVANIA RaArLroAD Co.,
Office of Assistant to the President,
PHILADELPHIA, Pa., May 27, 1893
Mp. J. WESLEY GEPHART, PRESIDENT VALENTINE
IroN CoMPANY, BELLEFONTE, PA.
Dear Sir :—We are advised that the Valen-
entine iron company (through you, its presi-
dent), for itself and lessee of the Nittany Val-
ley railroad, is aiding and encouraging the
construction of a competing line of railroad in
the territory covered by the agreement dated
March 22, 1887, made with the Bald Eagle val-
ley railroad company, and which, if true, is in
violation thereof.
Will you kindly tavor me with a prompt re-
ply, stating whether or not our information is
correct? Yours truly.
[Signed] SAMUEL REA,
Asst. to President.
f
BELLEFONTE, PA., JUNE 2ND, 1893.
Samuel Rea, Esq. Assistant to President,
233 8. Fourth 8t., Philadelphia, Pa.
Dear Sir :—Your favor of 27th ult., received.}
This company was incorporated Jan. 29th,
1891 ; and, of course, could not be a party to an
agreement dated and executed March 22nd,
1887. Since the organization, 1 have been one
of the officers, and, as far as my recollection
goes, no corporate action has been jtaken
which could in any way be construed as
bringing the Valentine iron company under
any of the agreements or obligations entered
into by either the Valentine ore land associa-
tion, the Bellefonte iron company or the Cen-
tre iron company. It would be difficult, there-
fore, for us to violate said agreement, if we
are no party to it, and in no way bound by its
provisions.
The Valentine iron company, as such, is do-
ing nothing towards the building of a compet-
ing line. Some individuals interested in the
Valentine Co., owing to the changed attitude
of your freight department towards the traffic
of cur furnac?, have found it necessary to in-
terest themselves and put new capital into the
new line, in order to prevent their stock in
the Valentine iron company from being ren-
For 18 months the officers of
April
One
-was di
cuted
to the
wiped
former holders of bonds and in lieu
thereof.
into possession. of the property about
This new corporation entered
1st. 1891, and began manufactur-
ing iron on the plant in June, 1891.
of the first questions which con-
fronted the hoard of directors was the
agreement of March, 1887.
The matter
scussed at almost our first meeting,
and the legal conclusion reached that
the foreclosure sale on a mortgage exe-
and recorded seven months prior
agreement, divested the latter and
it out so far as the property of the
iron company was concerned. It was
agreed that whatever that agreement
amounted to as between the P. R. R.
Co. and the Nittany Valley R. R. Co,
the iron company’s property was no
longer subject to its provisions.
regard this as ot important value to the
property, and assumed the position that
We
this agreement was so far reaching in
its consequences, conveyed away such
valuable franchises and placed such an
encumbrance on the property, that it
could never be renewed except not only
by a meeting of the board of directors,
but also by positive action on the part
of the stockholders.
On this basis, the new directors treat-
ed with the Nittany Valley R. R. Co.-
and in all negotiations with them de-
nied that the March 22d, 1887, agree-
ment was of any binding effect on the
iron company’s property in the hands
of the new corporation,—that the fore-
closure sale had wiped it out. In all
Nittany Valley agreements made by the
board of directors all rights vested in
the Valentine Iron Co. by the foreclos.
ure sale, were specially reserved, guard-
ed and protected. No written agree-
ments have ever been made by the Val-
entine Iron company since its organi-
zation with the Penn’a. R. R. Co. on
any subject either by the board of di-
rectors or the stockholders. No claims
of any kind were ever presented by the |
Valentine Iron company to the Penn’a.
R. R. Co. based on the agreement of
March 22d, 1887. No request was made '
by the Penn’a. Co., themselves, to renew
dered worthless.
our company attempted to prevent this injus-
tice from being consummated. I exerted all
my influence to prevent a breach—as did
Judge Rhoads and Gov. Curtin. I warned Mr.
Joyce, Mr. Chipley and Mr. Thompson that
some of the Valentine stockholders would not
submit to a changed basis of dealing-with our
property. But it was all to no effect.
In October and November last, it became
evident that from October 1st., 1892, Mr. Joyce
and Mr. Chipley were determined to prac-
tically place the Valentine furnace property
on a basis as to rates radically different from
the basis on which adjustments were made
prior to 1890, when the Centre iron company,
owned and operated the plant. The only al-
ternative was either to blow out the furnace,
or to secure competitive rates. Some of the
largest stock-hoiders chose the latter, not wil l=
ingly, but because they were forced todo so
through the changed attitude of your freight
department. The heads of that department
have forced the construction of this line, the
same as they did the Beech Creek road into
the Clearfield coal fields; and have alienated
interests which tried in every way to be
friendly. *
If Mr. Roberts and yourself have any doubts
upon this subject, I would refer you to the fol.
lowing letters, the original or copies of which
are all accessible to you, viz:
1st. A letter, dated Sept. 2nd, 1892, from
Jones Wister, Pres, Nittany valley R. R. Co.,
to Frank Thomson, Esq., vice Pres., of Pa.
R. R. Co.
2nd. A letter, dated Sept, 5,1802, to Frank
Thomson, Esq., vice Pres. of Pa. R. R. Co.
signed by myself as Pres., Robert Valentine
as Sect. and Treas., and Judge Rhoads, Rob"
ert Valentine and myself as the executive
committee of the board of directors of the
Valentine Co. All the signers of this letter
are B. E. V. stockholders and two directors of
that company.
3rd. A letter, dated Sept. 7th, 1592, written
by Ex-Gov. Curtin to Frank Thomson, vice
Pres. of the Pa. R. R. Co., advising against the
wrong proposed, and which has since been
consummated.
4th. A letter, dated Jan, 31, 1893, written on
behalf of the Valentine company to Mr. Thom-
son.
And that you may gain an idea of the atti.
tude of your freight department towards our
company, I would respectfully refer you to
the following letters, viz.
5th. Letter of Wm. H. Joyce, G. F. A. to J.
W. Gephart, dated August 25th, 1892.
6th. Letter of Chas. A. Chipley, A. G. F. A.,
to J. W. Gephart, manager of the Valeuline
iron company, dated Sept. 6th, 1392.
7th. Letter of same to J. W. Gephart, dated
Nov. 28th, 1892.
8th. Latter of Wm. H. Joyce, G. F. A. to J.
Ww. Sepa, Supt. Nittany valley R. R. Co.,
dated Feb, 16th, 1893.
After reading this correspondence, your
company can certainly not complain of want
of due notice. Mr. Patton, of your office, is al-
so more or less familiar with the controversy,
as I frequently complained both to him and
Mr. DuBarry (in his life time) of the abuse
and insults which our company was compelled
to undergo at the hands of people who should
have been our best friends.
Besides my relations to the Penna. interests
were such that I could not afford to take the
step which I have taken, without the !strong-
est provocation. I feel I have this, and in
this whole matter I am not afraid to justify
my whole course and conduct in the §most
public manner. This I say now I am ready to
do and will do, if the interests I represent are
still further antagonized by the Penna. Co.
The new road from here to Mill Hall isan
accomplished fact. The sooner this is recog-
nized and accepted the better. It is being
corvstructed over a route doing the least possi-
ble injury to Pennsylvania's interests. It will
serve to develop new interests until now un-
developed. Because of this, it is exceedingly
popular here, and is receiving moral and
financial support from nearly all our shippers.
Any further attempts to persecute those who
are now hailed as public benefactors in this
entire locality will only serve to render Penn-
sylvania’s interests still more unpopular, and
drive almost the entire travel and tonnage off
your lines the moment the new line is com-
pleted. The sooner the Pennsylvania]:com-
pany ceases its narrow gauge, penny-wise and
pound-foolish attitude toward Bellefonte peo.
ple and interests, the more friends and the
fewer enemies will she have in this vicinity.
In closing, I wish to repeat that it is not the
Valentine company nor the Nittany valley R.
R. Co., that are responsible for a competing
line into Bellefonte ; but rather Mr. Joyce and
Mr. Chipley of your freight department.
Very traly yours,
(Signed) J. W. GEPHART.
This correspondence in no way im.
peded the construction of the competi-
tive line. Work was begun about May
16th, 1893, and Dec. 4th, 1893, the 27
miles to a Beech Creek connection were
completed and freight traffic opened.
About September, 1893, a bill in
equity was filed by the Penn’a. R. R.
Co. seeking to restrain the writer from
acting as superintendent of construc-
tion of the new competitive line because
of his official connection with the Val-
entine iron company, as its president,
and also to restrain the Valentine and
Nittany Valley companies from encour-
aging the building of the new line or
diverting any tonnage to the latter or
away from the Penn’a. Co. This bill
was based on the 1887 agreement and
an alleged renewal thereof. A rule was
granted to show cause why a preliminary
injunction should not be granted. On
the return day for that rule the defend-
ants were in court with affidavits pre-
pared to meet the issue. Counsel for the
o Penn’a. R. R. Co. then voluntarily
withdrew their applicatior for a prelim-
inary injunction and said they would
not insist on an injunction until after
final hearing. The defendants then de-
murred to the bill, under the advice of
the late Hon. John H. Orvis, and other
counsel, alleging that the foreclosure
sale discharged the agreement, that the
agreement was without consideration,
against public policy, in violation of the
constitution, not enforceable in equity,
and for other reasons. This demurrer
was afterwards argued in the court be-
low, and sustained, and the bill dis-
missed. No appeal to the supreme
court was taken for more than a year.
Tbe appeal was argued in April, 1895,
and the opinion filed October 7th, 1895.
This opinion, in effect, decided that the
agreement was one which could be en-
tered into by the original parties, was
not against public policy, was not in
violation of the coustitution, and that
as the Valentine iron company had de-
murred and not also filed an answer at
the same time with the demurrer, deny-
ing certain facts in the bill, —especially
the alleged fact that our company bad
re-affirmed this contract,—that we had
impliedly affirmed the contract and
would also be bound by it. The su-
preme court therefore reversed the court
below, overruled our demurrer, ordered
a final injunction and directed the rec-
ord to be sent to the court below for
carrying this decree into effect.
To say that our company and our
legal advisers were dumb-founded at
this summary disposition by the su-
preme court in an equity case, is to put
it mildly. Our counsel at once prepar-
ed a petition asking the supreme court
to modify its decree in accordance with
the supreme court’s own rule, 37, of
“Equity Practice’ which is as follows :
“37. If, upon the hearing, any de-
murrer is overruled, unless the cour:
shall be satisfied that it was intended for
vexation and delay, the defendant shall
be assigned to answer the bill, or so
much thereof as is covered by the de-
murrer, at such period as, consistently
with justice and the rights of the defend-
ant, the same can, in the judgment of
the court, be reasonably done; in de-
fault whereof the bill shall be taken
against him, pro confesso, and the mat-
ter thereof proceeded in and decreed ac-
cordingly ; and such decree shall also
be made when the court deems the de-
murrer to have been for vexation and
delay, and to have been trivolous or un-
founded.”
Our petition set forth the rule, that
the demurrer was filed in view of it
and under the advice of our counsel that
if the legal questions as to the validity
and constitutionality of the 1887 agree-
ment were decided against us, we could
still file an answer and controvert all
material facts alleged in the bill ; that
in demurring we had no intention to
estop ourselves from filing an answer if
the demurrer was overruled ; that the
demurrer was not filed for vexation or
| delay, but under the advice of legal
counsel ; and that if the decree was
modified we were prepared at once to file
an answer utterly denying that our Val-
entine iron company had ever affirmed
the 1887 agreement.
This petition was verified by affidavit
presented to the supreme court on Octo-
ber 14, 1895, when his honor, judge
Dean, who delivered the opinion in the
case, was on the bench, a short statement
made by counsel in corroboration of the
facts in the petition anda brief filed.
On October 24 this application was dis-
posed of by the supreme court by the
fellowing order :
“Petition for modification of the de-
cree heretefore entered is dismissed.
Per curiam.”
To me, as a lawyer, this summary
modification of equity practice is incom-
prehensible. As judge Linn once said,
1 had been led to believe that, “no
wrong or injustice had ever been perpe-
trated that a court of equity could not
redress.” And I had also been led to
believe that no court of equity would
ever shut out any defense on the merits
upon any technicality, however slight,
and especially when they were advised
that the omission was due to the misap-
prehension of the supreme court’s own
rule 37, by one of the most eminent
judges and legal advisers in the com-
monwealth.
- This result of our litigation leaves
our Valentine company with a full de-
fense on the merits and without any
opportunity ever being given to make
it. The value of our $600,000 of stock,
held by seventy different interests is
bound to be affected by this decision.
The future operation of the property is
jeopardized by being deprived of com-
petitive railroad facilities at its very
gate; and the 1,000 or more persons de-
pendent upon our business are liable to
be thrown out of employment and driv-
en elsewhere to earn their daily living.
These considerations are of sufficient
weight, to my mind, to lay our case
open before the only tribunal left to us
to appeal to fora vindication of our
cause—the parties to whom this letter
is addressed.
As soon as this decree became effec-
tive and a point had been reached
where there was no further legal redress.
I at once resigned from the manage-
ment. For the past five years I have
labored with untiring zeal to make this
Bellefonte industry a success. But now
that the supreme court has loaded it
down and tied to it “the dead body”. of
this old 1887 agreement on a technicali-
ty, I am unwilling for a minute longer
to be held responsible for the future suc-
cess or failure of the enterprise. What-
ever measure of success it has achieved
since 1891 is largely due to the Valen-
tine stockholders. who are now identifi-
ed with the Central railroad of Penn-
sylvania
The Pennsylvania railroad interests
would have throttled the plant in the
8 pring of 1893 had not the Central been
built and come to our relief. Now the
supreme court has arbitrarily wrested
the pliant from our control and turned it
over to the Pennsylvania railroad inter-
ests. We abide their decision, and vol-
untarily hand over the keys and con-
trol. Whatever success or failure the
industry attains in the future is theirs
and not ours.
In closing I wish to add a few words
to each of the three classes to whom this
open letter is addressed.
To the Valentine iron company stock
holders I would say that your manage-
ment in the past has done its utmost to
make your plant a success... We took
hold of it in trying times; we restored
its credit when it was regarded as a
worthless plant; we brought it safely
through the most perilous period of the
iron business that this country has ever
known ; and we left no stone turned
to insure the success of the enterprise
and restore value to the stock of every
shareholder. Oaly such measures wera
taken as were necessary to insure these
results. Now, however, that the changed
conditions above mentioned are imposed
one-half of the directors are ready to
retire, and those interests who are re-
sponsible for the present environments
are welcome to the future control. Per-
sonally I wish to thank the stockholders
for their uniform courtesy and confi-
dence shown me, and 1 consider that I
convince you that I had done all in my
power to protect your interests and to
justify the trust reposed in me.
To the patrons of the Valentine iron
Co. I wish to return thanks for the
large share of your patronage always
given to our “Nittany” iron. Our rela-
tions have beon most cordial, and in
severing my connection 8o abraptly
from the business of the Valentine com-
pany, with which I have heen so com-
| pletely identified, I felt it was due to
{ you that a full explanation should be
| made: Under the decision of the su-
| preme court the buyers of Nittany iron
! can still compel the Valentine Co., to
ship over the Central railroad if they so
"choose. Possible some of you may feel
like exercising this power in view of
"the facts. If so as general superinten-
* dent of the Central railroad, I shall take
it as an evidence that my course in this
fight of might against right is apprecia-
ted
To my friends and neighbors and the
owed this statement to you that I might |
business interests of Bellefonte, I wish
to say my battle has been yours. You
have stood by me in the past, and I
have no fear that you will desert me in
the future. [ never felt a greater inter-
est in Bellefonte than to-day; and if
you will come to my support we can
soon rejuvenate every idle industry in
the place, the Pennsylvania railroad
and the supreme court of Pennsylvania
to the contrary notwithstanding. I be-
lieve I can safely say vou need have no
fears as to the future of the Central
railroad of Pennsylvania. So far she
has been equal to every emergency. She
has done more for Bellefonte in two
years than the Pennsylvania R.R. Co.
in thirty. And if you will stand in with
her, you will find that what she has
done is but a tithe of what she will yet
do for you. I have no intention of re-
signing as general superintendent of the
Central ; but from this time forward I
expect to devote all my undivided per-
severance, pluck and energy to making
the Central not only a pecuniary success
to her stockholders, but the benefactor
of every Bellefonte interest and indus-
try.
Very truly yours.
J. W. GEPHART.
Bellefonte, Pa., Nov. 5th, 1895.
—See “Winter is Coming’’—3rd
page.
A FINE LECTURER RETURNING.—
Dr. Frederick J. Stanley, who has de-
lighted the Bellefonte people with his
lectures in the Presbyterian church, will
give a lecture, with stereoptican views,
on Japan in the Presbyterian chapel,
Friday evening, Nov. 22nd. Dr. Stan-
ley has been a professor in Count
Okumi’s gollege, in Tokio, for many
years and has a thorough knowledge of
the Japanese and their customs. The
lecture is for the benefit of a sanitarium
in Japan.
——=See “Winter is Coming’’—3rd -
page.
Hay WaNTED.-—Have you a car-load
of good timothy hay you want to sel
for cash. If so, write or telephone T.
B. Budinger, Snow Shoe, Pa.
——TFarmers, why let your apples rot
on the ground when Mr. Bierley will
pay you $56.00 cash for fifty bushels of
cider apples, delivered at his press in
Milesburg ?
Lost.—A small sterling silver match
box with the monogram, G. R. M., en-
graved on one side. The finder will be
rewarded by returning same $o this
office.
HoLipAY PRESENTS--HERE
IS A
CoMPLETE List.—Neck Wear, Suit
Cases, Satchels, = Umbrellas, Hats,
Toques, Mufllers, Trunks, Telescopes,
Mackintoshes, Crnes, Golf Caps, Girls
Caps, Cuff Buttons, Fur Gloves, Kid
Gloves, Foot Ball Suits, Scotch Gloves,
Boys Gloves, Hosiery, Underwear,
Belts, Sporting Goods, Silk and Linen
Hankerchiefs, Sweaters, Bicycle Hose,
House Coats, Overcoats, Mens, Boys
and Children Clothing Ready Made
and Made to Order.
MoNTcoMERY & Co.
WHERE You CAN Buy THE CHEAP-
EST.--It is a question of dollars and
cents afterall. No matter what people
say it is as natural to save a penmy in
buying as it is to eat dinner at the din-
ner hour. Opportunities to make great
savings are not often to be had, but
Lyon & Co’s., big advertisement in
this issue affords just such a chance.
Read it and profit by the bargains it
holds out. A dollar saved is a dollar
earned.
Lost.
A broche shawl, somewhere between Hub -
lersburg and Bellefonte. Finder will receive
suitable reward by returningsame to this
office. 40 42
Bellefonte Grain Market.
Corrected weekly by Geo. W. Jacksox & Co:
The following are the quotations up to six
o'clock, Thursday evening, when our paper
Joes to press:
ew wheat 60
Red wheat......... soe 60
Rye, per bushel...... 45
Corn, old, per bushel...... 40
Corn, new, ears per bushel... 16
Qats—new, per bushel..... seu 20
Barley, per bushel........ 35
Ground Plaster, per ton. 9 60
Buckwheat per bushel. 40
Bellefonte Produce Markets,
Corrected weekly by Sechler & Co
Potatoes per Busha! .........cruemmenvicrsenses 20
Onions....ceeeee-u.
Eggs, per dozen 20
Lard, per pound.. 8
CountryShoulder: 8
: Sides.. 8
Hams.. 12
Tallow, per pound 3
Butter, per pound.
The Democratic Watchman,
Published every Friday morning, in Belle-
fonte, Pa., at $2 per annum (if paid strictly in
advance); $2.50, when not paid in advance, and
$3.00 if not paid before the expiration of the
year ; and no paper will be discontinued until
all arrearage is paid, except at the option of the
publisher. -
Papers will not be sent out of Centre county
unless paid for in advance.
A liberal discount is made to persons adver-
$i3ing by the quarter, half year, or year, as fol-
ows:
SPACE OCCUPIED.
Oneinch (121ines this type..
Two inches......ieuiesesnnse . 1
Three irshes....ceeerseeeeesss hk 18 | 20
| unm wolumn (43¢ inches)....... 12 (2 | 30
| Half Column ( 9 inches).. .| 20 | 86 | 50
| One Column (19inches)............... 85 | 66 | 100
“Advertisements in special column 25 per
cent. additional.
Transient advs. per line, 3 insertions......20 cts.
Each additional insertion, per line.......... 5 cts
Local notices, per line........cecieee 25 cts.
Business notices, per line........... Aeesrevansine 10 cts
Job Printing of every kind done with neat-
ness and dispatch, The WatorMAN office has
been refitted with Power Presses and New
Type, and everything in the printing line can
be axecuted in the most artistic manner and at
the lowest rates. Terms—CASH.
All letters should be addressed to
P. GRAY MEEK, Proprietct.