o
iilE ROADS DO ILL
MAKE MCRE MONEY UNDER TWO
CENT FARE LAW.
coitem snows figures
Missouri Pacific the Only Line That
Does Not Show Increase of
Earnings.
The Minneapolis Omaha, whose
Tift earnings per mllo for the yenr end
ing In June, 1907. Just after the lower
rates went Into effect, was $1,854.91,
nnd Tor the year ending In June. 1909,
when uil freights and passengers were
moved at the lower rates. $1,8119,56.
The gross earnings In Nebraska
amounted to $1,725,298.40 for the 1907
period, and $1,817,728.42 for 1909. The
passenger earnings for the 1907 period
amounted to $422,543.8.1, and for 1909,
f 4S8.XM 53. The total cost of oper
ation amounted to $1,199,581.95 In 1907
and for 1909, $1,231,933.21. The busi
ness dene by the railroads In Nebraska
Tor the years ending June 30. 1907 and
June ;o, 1909, n year when the lower
freight rates and passenger rates wero
uot lu force and a yenr when they
were In force, shows that the net earn
ins nf all the railroads have in
creased except the Missouri Pacific.
Tho Union Pacific lias not yet re
ported. The Northwestern increased
its earnings per mile from $2,199.74 to
2,.384i.73; the llurlingtou from $:!,
710.55 to $3,102.49; the Hock Island de
creased from $1,087.47 to $1,138.62, but.
its increase In operating expenses was
router than thin. The Missouri Pa-villi-
decreased lt earning from $455,
IS to $451.1,5. The following is a
:alj!e of comparison.
Northwestern.
1907. 1909
T'.i..ienrtrK c..rrlMl
im mile tii),o:i7.S04 S3.7O1.0"2
':iMNepgtr rv-
nw; tl. 330.414.97 II. 71. 410.81
I'.imu'iveiT c:irn
for Tulle
r s sr. ii.a.'.s.M
jmilriKii per pns
Hi'rimir train
mil 1.41 1.54
N'i. of n il (ic
per trnln 4.7 4 9
iront em rating
fxp.'ns. 14.101.071. IB 14,115,230.20
llii-nitlng ex
pense ) r Irriln
milt $1,214 $i.:o:i
Wt Income e.T
mlie of roitd.. J2.199.74 J2.nS4.73
rassrisrs jut
train mile r.2 67
Burlington.
PiiHserigem rarrl.il
nf mile 24t.097.K2S :S),KS5.3I4
1'iisscnver tpt-
mu'i J4.931.773.OJ J5.4(i7.4:.9.4
P;issene;r tnrn-
inp, per mllfl
of roud Jt.R0S.r. J2.291.19
Knrnlti;S ur Kfis
npi'Uvr tm!n
mil" Ji.477 ji.cn:;
vpr.tre number
.'..;i-lii(i G.C3 0 22
Iross ofM-ratlng
':xpensi JI3.957 ,732.21 $12,093,781. IS
"Di-mtlre pxp.
it tmin tiiIIm tl.flll Jl .63
NVt Inwme per
inlln t2.710.Sr. jn,102.49
I 'AKMciifjcrn per
train mllo.... fi 7 7X9
Rock I Bland.
f',isciiKprs car-
rlixi on i.illn. t.79t.6r, 2;,2K.,74t
I'lHs.-nger r -
Mil- $J87.?64.4 $r.l0.7S.4
l'l.srifr y.m-
Iiiijm tier tnllo
if r.M-.il f2.27H.05 12.417.22
Ivirnlrjrs jx-r piif-
w-iwr tmin
mil.- $1,017 JI.HJ
Nvphikh tiwnliiT
eo.u-h.a .... 5.1 C.4(i
Irons narrating
t-xpi'iiFfs $i,jis.7r.s.r.3 $i.i7S.2r,2.fi;t
"Di-iatirr exn.
per In. in mile $1,119 J1.31S
NVt income p.-r
mil II.0S7.47 $l.03S.f,2
Tassi-iiKirH per
nalu irillc ... 40 C,:
Missouri Pacific.
PiiNN.'lurcr r;r-
ri".l one inli.. n.im.l.r.ll 1 1.2V3.3::3
l'asrnpr nv-
wiw $::.1.323.7S $270,.MS.:5
TasHt-nK' r enrn-
incii por train
mile J9B4.3.'. J.v9l.?.',
VwiinlPKH P r tvis-.t-ntr'T
1ialn
mil $0,731 $0,14
'Jioms operating
.xiiPnsi-B tl.W.fi'.S.lT Jl.4. 472.119
ripcratlriu i-xp- t
p.-rtn i-i mil- I1.31S $1,172
Net liiconn' pi-r
mil.. J45-..3S J 151 K5
rmrngpr I"-r
train n.ilt! ... 29 5.5.6
Legislators' Statutes.
Copies of the otatutes will not be
pent to members of tho late legisla
ture unless they are ordered. This
hanee in the usual program by the
secretary of state is due to the fact
that lie bns not a sufficient number of
copies to supply the state oll'.eors, li
braries of other stages and members
of the legislature. Members who do
not want the statutes nro requested by
'he secretary not. to ask for them.
LAW DECLARED VOID.
Supreme
Upon Late
Treasurer Buys Bonds.
Since the rhange In the state con
stitution permitting the Investment of
permanent school funds In city, village
and school district bonds. State Treas
urer P.rtan has bought for the stain
$44S,'iOO of municipal bonds and $!2-l.-9-Ci
of school district bonds, making
a total of $$73,420. These bonds net
tin- st.:te 41,; per cent.
.1. M. Trotter, proprietor of an Ice
cream and milk depot In Lincoln and
a pioneer of Nebraska, died suddenly
wlill.- se-'ifnl in a chair at the Ition
koii farm about five miles outside of
Lincoln.
Candidates Must Answer.
The Woman's Suffrage association
have decided I?) sound oet every can
didate for the legislature on the propo
tdt'on of permitting women to vote,
mid they will refusn to voto for any
candidate who does not believe they
vhould vote, Then the association
elected the following officers: Dr.
Incx riiiliirlck. Lincoln, president;
Mr.4. A. J. Marble, Table Uock, vice
president; Mrs. Jay, Lincoln, recording
secretary; Mls3 Mary 11. Williams,
Kenesaw, corresponding secretary;
Mrs. IVwmree, Itocn. treasurer.
Court Passes
Enactment.
Tho supreme court has declared
void the normal board law which
State Oil Inspector Arthur Mullen had
Introduced In the last legislature. As
the court declared the new board In
valid It did not pass on the question
of tho eligibility of T. J. Majors of
Peru who was a member of the legis
lature when he was appointed by Gov
ernor Shalleiiberi;er. The object of
the law was to legislate out of ofileo
the old state normal board to give
place to a new one that was to be ap
pointed by the governor.
Tho court overrules the demurrer
tiled by the new board which alleged
that the petition of Attorney General
Thompson did not state facts suffi
cient to constitute a cause of action
and that there was a misjoinder of
parties. The wrii In ipio warranto
the attorney general
declaring the old nor
be the legally conUi-
prayed for by
will be Issued
nial board to
tuted board.
In adhering
provision that
to the constitutional
an act of the legis
lature must contain but one subject
clearly express In the title and that it
must name the sections to be amend
ed nnd repealed, the court finds that
the act did not refer in any way to an
independent act creating the state
normal school at Kearney which says
the normal board now In control shall
manage that institution. To hold the
new act wa3 amendatory of this
separate act would be contrary to the
constitution and to hold the new act
constitutional would result in retain
ing the old board In control of the
Kearney school and the new board in
control of the Peru school and Junior
normals.
The opinion says: "The amendatory
act contains an attempt to amuul and
repeal the governing statute of the
Kearney normal school by amendment
of an independent statute relating to
the state normal school at Peru and
for that reason contravenes the con
stitutional provision that no law shall
he amended unless the now act con
tains the section or sections so amend
ed and the section or sections to
amended shall be repealed."
"It waj suggested in consultation
that the point last above mentioned
was not persented on the argument
or In the brief of the relator, and
therefore should not beronsiderod.
The answer to tho suggestion is that
this is an action on behalf of the state
brought by the attorney general to
test nnd determine the question or the
validity of the r.latute In order to
further the educational Interest of the
state, and if for any reason we are
convinced that the statute Is uncon
stitutional we ought to so determine;
for If the courts can. under such a pre
text, nullify the constitution, we will
soon find ourselves openly defying
tho provisions of the fundamental
law which we have solemnly sworn
to uphold."
Fine Drove of Hogs.
Thomas W. Smith, warden of the
state penitentiary, has the finest, drove
of red hogs in Nebraska at the statu
institution. 1 he slate drove numbers
something over ten of which 100 have
been born within the last three weeks
and Mr. Smith says he does not in
tend to lose a pig. In addition to the
hogs at the penitentiary Mr. Smith
fanned some 500 ncr-s and now has
stowed away some !mo bushels of po
tatoes, his crop, he said, being al
most a failure; 350 bushels of turnips.
200 bushels of carrots and 1 1.OOu head
".f cabbage.
What Governor Says.
Prosecute the omaha men accused
of violating the excise rules. When
convictions are had lay the matter be
fore the governir and attorney gen
eral. ' This was the answer Governor
rihallenherger made to Klnier E.
Thomas, W. It. Patrick nnd .1. I).
Holmes, who tiled complaints agalust
Mayor Pohluian and the lire nnd
police commissioners of Omaha. The
complainants t barged infractions of
the excise and gambling laws nnd
that it was being carried on with tho
permissions ami knowledge of the
officers of the law.
Requisition for Auto Thieves.
Governor Shallenberger honored a
requisition from the governor of Iowa
Tor the return of two unidentified
men to Sioux City on the charge of
stealing an automobile. The men ran
away with an automobile owned by
Dr. Sawyer of Spmix City, fa., nnd
were caught In the town of Jackson.
Government to Send Money.
The governor has receved a com
munication from Washington to the
effect that the treasury department
will shortly send out a draft for $2.
S37.34. due the state In the settlement
of the Nebraska national forestry af
fairs. Last of Local School Bonds.
The state auditor registered Omaha
school bond:; to the amount of $150,
000. This is the last batch of an
issue of $5110,000.
Missouri Pacific Bonds.
The Missouri Pacific secured per
mission from the Hallway commission
to issue bonds to Mie amount of $29,
OiiO.OOii for betterment of its road ir.
Nebraska and other purposes.
Fees of Supreme Court Clerk.
The report or II. C. Lindsay, clerk
of tho supreme cou', showing the
collections of his ofllee for a period of
six months, filed with Governor Shal
lenberger, shows a total of $77. .';." was
collected. This Included court cents
and copies of opinions.
Lis
M WIPER. CWP Of NOV MBH-MOMAffiRJEg
'" ' - i- mi ,y ama i ifmiiiiMMUMilit.iUKii,! ' fir urn 1 nrf- - ry- -fr-r-f
c-- ' y W 2
zanssssmtt mti.w;?r 'MFiBHwirt; hhii.ii m h
uvmipi ..ii iii n inr ii i ! i i ii i ii ! i i iw mi i ii iii
WLW! ST?
'IP alii
HIS year's big and record
yield of wheat, corn and oth
or staples has been heralded
far and wide. Hut there is
another harvest that has
been growing and ripening all unno
ticed by government statisticians and
by everybody else, nnd that Is the
bumper crop of new millionaires and
uiulU millionaires. Never beforo were
there ko many In New York ns there
are to day. Millionaires wero mnde in
a night by the, great wave of consoli
dation and tha merging of hundreds
of industrial enterprises that was the
feature or tho opening years of the
twentieth century, Just after tho close
of the Spanish-American war. Thero
were stool kings, steamship kings,
pump kings, kings of car springs and
of air brakes and of all sorts oi
things. They blossomed forth between
the sunset of one day nnd the dawn
of the next. Tho select clrclo of plu
tocracy widened so swiftly that it
broke all barriers nnd created a new
aristocracy of wealth In America.
Now York was Invaded by a horde of
westerners whoso manners In some
cases shocked even the Imperturbable
tervltors at the expensive hotels
where they monopolized the, royal
suites. Pittsburg, from being tlmply
a great mill town, a city of grimy
workmen, Jumped Into world-wide
prominence because It was discovered
suddenly that It had more millionaires
to the snuaro Inch than any other
spot on earth. In New York all sorts
of people achieved fortunes, paper or
actual, almost before they wero
nware; Jockeys, waiters, bartenders
end other humble folk glanced with
amaze at tho balances with their
brokers and began making plans for
yachts and country bouses. The his
tory of this period was one of the
wonders of America.
Then, two years ago, the panic
came and put a dampener on the
financial hopes and aspirations of those who had
survived the various ills that followed In the wake
of industrial over-expansion. Hut since the panic
clouds have cleared nway there has come another
and cvep more wonderful appreciation in values,
the most remarkable advance in the prices of all
commodities and securities that this country has
ever known. Probably more millionaires have been
made in the last 12 months by the steadily rising
tide of tremendous prosperity than history ever
has recorded in a similar period of time. The
number of those who have grow n rich quickly Is
greater, probably than it was in the time of mer
ger and consolidation, nearly n decade ago. Be
fore the panic of 1907 there were, perhaps, 3,000
millionaires In New York. Now there are any
where between 5,000 nnd 10,000.
Tho advances In the value of securities In the
last two years have been almost Incredible. There
probably are more than 100,000 persons who are
stockholders of United States Steel. In October,
1907, Steel Common was 21; in February, 190!),
It was 41V!; this October It has been well above
90. Tho shares of the Pennsylvania railroad are
more widely distributed than any other transpor
tation line, moro than 00,000 people being Hated
on Its books of thareholders. Two years ago It
was 103; lately It has been above 150. Union Pa
cific Is next to Pennsylvania In the length of Its
stockholders' list. It Is not only one of tho most
popular Investment securities, but also one that Is
speculated In most largely. Union Partita com
mon was 100 In 1907; this year it has been above
219, nn Increase of moro than H o per cent. New
York Central, Southern Pacific. Haltlmore & Ohio,
Atlantic Coast Line, Illinois Central, Great Nor
thern, Standard Oil-practically all the Blocks In
the long list of railways and Industrials have ad
vanced from 50 to 100 or moro per cent. In value
since October, 1907.
Thousands of people who are not speculators
and who are Intolerant of speculation have profit
ed enormously by this wonderful rlso In prices.
They ore tho ones who bought for Investment
when the prices were low and who aro now reap
ing the harvest. During the panic enormous
blocks of gllt edge shares were thrown on the
markets when great speculators !i!o Helnzo and
Morso, and some others who' wero not so spectac
ular or daring, had to sacrifice imyihin;; and ev
erything for ready money. Their holdings now are
scattered throughout tho country and have been
tucked away lu tens of thousands of safes nnd
strong boxes.
While some of the now millionaires come from
the ranks of thoo who were bargain hunters in
the days of panic, most of the new plutocrats aro
from tho army of speculators. ,
There are so many of these new millionaires
that It T.-ould bo ImnosKlblo.to lUt them all'fnill
vl'lually with any degree of accuracy. Compara
tively few of tho old band of millionaires have
failed to add materially to their fortunes since the
panic. There nre some, it is true, who were more
or less disabled In those days, and the period that
predeeed them who have not succeeded in win
ning back their lost money und prestige; some
who were in the ill-fated trust companies, others
of the insurance crowd, and so on. Hut those
who held on and wero able to weather tho storms
have been lifted up and now are richer than ever.
Not only that, but a large number of now groups
of great financial strength has been developed.
Thero Is the Hawley group, for Instance, which
has'mado millions and millions In tho rise In val
ues of rallwny shares. Edwin Hawley, the head
of this coterie, was not a big Wall street figure
until wlfliln the last year or so, but of late he has
added Immeasurably to his wealth and to his pow
er as a transportation king.
Among thoso of his friends who have climbed
Into the chariot of tho plutocrats Is Frank A. Van
derllp, the president of the National City bank.
Ho Is reputed to have made more than a million
out of Chesapeake & Ohio and Union Paeiilc.
Whin he was assistant recretary of the treasury
a lew years ago Vanderllp was a. man of very
moderate means and lived in a modest little flat
In Washington. After be came to New York his
wealth Increased somewhat, but only since the
first of this year has he entered the milllonalie
class.
Anolh of the 1 law ley group who Is one of the
new crop of multi-millionaires is a banker named
Scott, who piled up a small fortune, dollar by dol
lar, In Hlchmond, Va., and who has increased it
many fold of late in Wall street. Still another of '
the same group Is Robert I'lcmlng. lie was not a
poor man v. hen the rise In stocks began, but he is
said to bo a very rich one now. Then there Is a
new crop of Union Pacific millionaires. Southern
Pacific millionaires, Wabash, Hock hland and
many other groups of tie-.v millionaires who have
become wealthy by tho tremendous upturn of the
shares they were Interested In. Some of these
men were millionaires before the beginning of this
year; there have now moved up to the multi
millionaire class.
Thero aro quite as many who have won for
tunes lu the fit Id of Industrial stocks, especially In
United Slates Steel rommon. One of these more
than a millionaire when he began buyiug Steel
Is I'Vank A. Muusey, the publisher, lie Is said to
have started his Steel purchases two years ago,
when the block was around "2, and to have accu
mulated a total of 100,000 shares at very low
prices. Ills winnings are estimated at moro thau
$".,000,000.
These Instanrcu. taken at random, give an Indi
(.alien of the tho.i.-.:inds of fortunes that havu
sprung up lately through the up
ward sweep of prlceH In Wall
street. Great corporations, like the
fire and the life Insurance com
panies, hnve also profited stupen
dously. These tremendous reser
voirs of money own hugo blocks of
shares In scores of railway nd In
dustrial companies lota of from
10,000 shares to almost a control
ling Interest. The most of these
are sober, gilt edged, dividend-paying
Ktocks that have not been spec
tacular In their advance In price as
compared with some of those that
have gono up like skyrockets. Yet
even these high priced shares have
been enhanced In value from 20 to
f.0 per cent. In the last 12 months.
They wero bought at panic prices,
so tho published records of these
companies Ehow, and theso Institu
tions now are said to be selling
them off, cautiously nnd carefully
at the fancy figures that have brnjn
prevailing of late. Unlike the in
dividual Investor, they believe In
cashing in their winnings and salt
ing them down until there Is an
other chance to buy cheapo
In the commodities there are new
groups of millionaires nnd multi
millionaires also. Some of these
have won their wealth In wheat,
others In corn, but most of them In
cotton. There aro more new cotton kings and
princes to day than ever before. Practically all of
thepo ore southerners, who have had an expert
knowledgo of this staple. Most of them have been
cotton planters themselves on a large scale, and all
their lives they havo been studying cotton, its
growth and its ever-widening markets.
Almost every day there have been rumors fly
ing about ns to what Patten was doing In cotton.
Hut curiously enough there has been never a word
said about tho real bull leader In the cotton mnr
ket, tho. man who has been the biggest speculator
In this staple, nnd who recently has Jumped Into
tho inultl -millionaire class, Eugene O. Scales of
Dallas, Tex. Scales Is tho most towering bull,
probably, that the cotton market ever has known.
Patten is a piker beside Lira. Even the celebrated
Mr. Sully In his palmiest days never operated on
such a huge basis ns Scales has been In the Inst
eight months.
This new and mighty mnltl-milllonaire In the cot
ton mnrket has steadfastly kept himself In the
background. Ho is no amateur speculator, how
ever, for live years ngo he was in one of tho Sully
campaigns and retired from the light with several
large dents in his financial armor. Hut now he
has won back all his losses and a lot more,
Some mining the many oihers who "know cotton"
and havo won big fortunes through Its rlso In price
nre Fergus Held of Norfolk, Ya.; Morris 11. Itoth
schlld of Woodvllle. Miss.; William P. nrown of
New Orleans and mIh S. Hcrg of Mississippi.
Herg had charge of the Chalmetto terminals at
New Orleans not long ngo and was a hard-working
rational man. A little later ho pieced together a
lot of Email Mississippi railroads and combined
them into an effective and profitable system. Then,
with a modest fortune, he came to New York, and
since then has been making money out of cotton.
And so the list runs on. Hardly a name among
the thousands of new millionaires Is familiar to
New Yorkers. They nre practically unknown out
side of the tmull communities they camo from In
the west nnd routh. They live In the costliest Bultes
In the most expensivo New York hotels. Next
biimnier, if they have no setback they will begin
leasing or buying palaces at Newport, Par Har
bor or oilier places where the socially elect are
supposed to live. Then they will begin trying to
break through tho Imaginary Inclosure with which
"society" surrounds itself. There nre eo many of
there new millionaires that perhaps llko the Incur
sion of a now race they will overwhelm and con
quer the relatively small group of people who have
been priding themselves on having their woalth for
a tlcrado or more. At any rate, tho nnmes of most
of these new millionaires probably will be real for
the first time lu print in tho next year's boofts of
social registry, which form the nearest approach to
the directory of tho peerage that the plutocracy ot
Amcrlra knows.
