14
TIIK OMAHA -OAII.Y PEE: SATURDAY, DECEMBER 12. 100.1.
aucxo cvttruKATioJts sict'Ri.
The president Jn his message renewed
the assurance that sound and honestly
conducted corporations have nothing to
fear froln the supervision provided for
In the legislation of the last congress
of corporations,
The Omaha Daily Per
E. ROSEWATF.R, EDITOR.
PUBLISHED EVERT MORNING.
TERMS OF Ht.'nSCRIPTION.
rslly Hee (without Hutidsy). one Year. .Km creating the bureau
iiT.il.trii 7rt Be run" Yea.....V.'.':.... loo with authority to obtain Information re-
Bunday bm, one icnr. f kX gnrdlrtc the onrnntzatlnn. financial con-
Hnrurnnv nee line 1 er ,r' '
Taentleth Century Farmer, One Year.. 1.00 I dltlon and business management of cor
DELIVERED BY CAtlHIWrl. I tinmHi.ua r.1 hnr tlmn Pnminnn nnrrlora
rtallv TIM fmrlthniit RnnilavV tier COPY ZC I ' '
Jmiiy Hoe (wlinont miniiayi. per rr, i tMigngt-u m iiiieixini ur lun'igu -viu
V?X?Veinrf "The corporation which Is hon
Evening nee (witnotit nimoayi. p-r estly and fairly organized." said the
evening ilee Uncluaing Bununyj, " I ...
lio I nresldent. "whoRe mnnarers In the con
shhT of its business recognize their ob-
pertinent. , I ligation to deal squarely with their
Omaha-Th Bee RulMing. stockholders, their competitors and
South Omaha City Hall Building, iwn- ii. mihlli hua nntlilnir t. foi
fifth and M Streets. I v . .. "
council Biuffe 10 pearl street, i irom such supervision. i ne pur
pose of this bureau Is not to embar
Washington 601 Fourteenth Street. rns8 or legitimate business, but
rn,n,::Z , n;, and edl- to aid In bringing about a better Indus-
torui matter should be addressed: Omaha trial condition a condition under which
nee, Editorial Department. I .. , .. , , .. . , ,
RFMITTANCE8 I l1111 nunu t w FLjriidivt7 iu mn auu
Remit hr draft, exnress or postal order I recognition of nubile obligation by ail
Only 2-cent lUmri accepted In pavment of Corporations, great and small.
tonll n.nnnti Pfnnns phA'Kh PX'TUl U II I 1- .1 I t a i . ,
tVmah. n, ;.i.r MrhenaVs. hot accented. "inre.y " " P"? .
tub BEE PUBLI8HINU tuarAfli. ous utterances or rresiaeni Kooseveit.
Hi. l.na mnnatl. Jnr.1n.nil ha la
STATEMENT OP CIRCULATION. v '
Stat of Nebraska, Douglas County, as. t not noHUie to lawiuny organizea ana
George b. Ta-ehuck, secretary or in- x. conriucted corporations and such are en-
Publishlng Company, being duly "worn,
saya that the actual number of full and tlrely secure under the law. No cor-
Elng nrn0r8undayTBe. Wtd dK Ion of this character, therefore.
th month of November, WW, waa aa ioi- nould object to complying with the re-
luWS. t- iv. 11...
14 2.T40 quire Hieiiis ul lue iuw uuu uii tuut uu
17 8o,iio g0 nocesBarily subject themselves to sua-
JJ soiaao P'c'on of not being lawfully organl.ed
aol"""".""i''',1B an conducted. As the president says,
21 30,oo tlie legislation under which the bureau
1 20,070
1 30,940
S 80,000
4 ar,4o
80,030
... 41,100
1 Sl.TM
8. .. .SO.HOO
9. .S0.130
io :k,2io
11 2,0O
12 :..2O,04O
13 40.8R5
14 ....20,810
16 20,060
22 27,170
of corporations Is acting was moderate
M 30.0.10
24 so,i20 1 ana ennractenzeu tnrouguout
26 30,000
9T S1.O20
2s 30,100 doing awny with any evil in them; "that
2 27,023 we drew the line against misconduct,
w I not against wealth, gladly recognizing
Total aa,3 the great good done by the capitalist
Leas unaold and returned copl-.... 10,202 wh( a)one of ,Q wlth hls
i Net total sales
' Net average aalea.
QEO. B. TZSCHUCK.
Subscribed In my presence and aworn to
Derore me tma 80tn day or rsovemoer, a,
D. 1903. M. B. H UNGATE,
(Seal.) Notary Public
Queen Alexandra should now be entl-
tied to honorary membership in all the
British fire departments.
022.07H I fallows, linen his work slnnir nroner nnrl
. a. I f I ' o m .
legiumaxe lines.
; There Is no strike among the coal
miners JuBt now, but the coal bills have
the same old repulsive look.
All that the president says on this
subject must commend itself to popular
approval and serve to strengthen his
claim to the public confidence. Nothing
Is yielded and no concession is made to
the opponents of corporation supervision
and regulation. The faith of the presi
dent In the soundness of the policy of
publicity is as strong as ever and he
hns no doubt that the purpose of the
legislation providing for publicity will
be fulfilled. Of course the law will be
judicially tested. The first and greatest
The adjourned Montana legislature
Il'ltrlit move over into Colorado and rrv
Its hand at settling It. nelchhor'a lahor f tll! trU8tS haS rU8ed to "PJ W,tb-
troubles I requircmeuiA, a course expecieu 01
it in view or the fact that It made a
Such complications as the Alexandretta strenuous effort to prevent the enact-
lucideut reach the explanation period uient of the law, and the courts must
promptly enough, but are a long time decMte whether or not congress has the
leaving it ! I authority to require corporations en
gaged In Interstate or foreign commerce
We are pleased to learn from no lens! to furnish the government with Infor-
leuilnent authority than the New York matlon regarding their organization and
Herald that even In Bogota elections the conduct and management of their
paM off quietly." j business. - Meanwhile . the bureau
charred with Investigating the affairs
VI J . ... I
n is jusi possime we. may have a ef omoratlons will continue to nerfnrm
tug-of-war to determine whether the ,ts duties fairly and Impartially and
ouimmg inspector is reany a Digger without disturbance to any legitimate
man man Ag-sar-iien, me great.
slble for the failure of the commission to
accomplish anything It wants our gov
ernment to take the Initiative in calling
another meeting of thnt body. This
characteristic attitude of the Canadian
government makes the outlook for reci
procity negotiations exceedingly unpromising.
ISDtrKKVKNT ItLkPHVTiK MfRGCR.
The ti'imlganiatlon of 4.M0 Inde
pendent telephone companies operating
In lYtmsylvanln, Ohio, Michigan, Illi
nois, Minnesota, Iowa and Nebraska
has just been consummated through the
orgiinh.atlou of a corporation to be
known us the Interstate Independent
Telephone association. The Independent
telephone corporations have appraised
their plants at $200,000,0K), and It is
presumed that this represents the
amount at which the merged corpora
tion is to be capitalized.
Yhen it Is remembered that the West
ern Union telegraph system, which cov
ers the whole United ptates and owns
and operates three or four Atlantic ca
bles, and cnbles that connect its sys
tem with Cuba and the West Indies, Is
capitalized at about $12o,U00,CKK), of
which not less than 40 per ceu repre
sents the purchase price of competitors
that have been absorbed and pure water
that has been injected, the excessive
capitalisation of the new interstate
Telephone association could be explained
only on the presumption that its promot
ers have modeled after the Bell Tele
phone company, which by reason of its
practical monopoly of the telephone
business Is reputed to have paid $200,000
of stock and cash dividends for every
( 100 originally Invested.
Be that as it may, the rival to the
Bell company by uniting all the rural
telephone systems in the middle and
western states will be in position to
make the competition something more
than boys' play. Unfortunately experi
ence has demonstrated that competition
Is nearly always followed by combina
tion. If the merged Independent tele
phone company crowds the Bell monop
oly too bard, it may compel another
merger that would eventually place the
public at the mercy of a more powerful
telephone trust than had existed before
the Independent 'companies were organ-
fixed.
Thp public cannot, however, fail to
profit by the competition, even If It
should be only temporary. Competition
will result In giving the patrons of the
telephone companies better service and
Improved facilities for transmission, if
not lower rates. It goes without saying
people will not submit to a raising of
rates or a deterioration of the service
even If the two rivals later consolidate
or combine on an agreed scale of ratea,
aucceeda the nation can save big bills by
pplylng tha test to congressional Junkets.
A Mirgla for Economy.
New York World. ,
Secretary Fhaw figures out that Uncle
Sam will need 6?4.W2,14 .07 next year. By
little stern economy that 1 -enta might
he clipped from the bill.
A "caldlns: Heded.
Baltimore-American.
A bill has been Introduced at Washington
providing for clean money. Considering
the various scandals now pending tn po
litical and business circle, the bill la pertinent.
rompeaialloa for n Placli.
Clnrlnnatl Enquirer.
It Is a bad state of affaire, Indeed, that
has no compensation In It. If times should
get hard again, and there ahould be a sur
cease In the awful flood of new books, the
people would have time to read a great
many flrst-rate old ones that they never
think of now.
Solent Confab of "Has Berne."
New Tork Tribune.
Bryan and Croker's heart to henrt talk
brought together the biggest "has been"
nd the next biggest anywhera to be found
outside of Egyptian mummy cases spat
tered over with hieroglyphs telling what
their occupants did In old times when po
litical luck ran their way.
interest
Having devoted some months to en
courages: strife in Colorado Senator
Patterson now tries to shift all responsi
bility to a governor he doesn't like.
MUCH UECIPROCITT TALK.
Boston may properly claim to be the
center of agitation in favor of reciproc
ity with Canada and the merchants of
4t.M AI4 , I .. . . I A. 1- J .11.
Tha democratic nr. will haw. fe. ",al "lI "tt,c w mucu
1U best ingenuity to make the meeting lject within the past few days.
of the national committee and President uure.i on eunesaay Dy
Kooseveit appear otherwise than most T1 , w,Daaian
felicitous. Charlton, a most persistent advo
cate or reciprocity, who repeated a
The wool growers and the wool manu- warning frequently heard during the
facturers are trying to get together in Past or three years that unless the
the Interest of legislation for their mu- United States shall enter into trade recl-
tual benefit. The wool consumers have proelty wth the Dominion that country
not yet been heard from. I wl" increase its tariff on American prod
ucts and may accept the policy which is
General MacArthur is the latest army being urged by Mr. Chamberlain. Mr.
officer to be stood up as an example of Charlton said that it would be more ad
the maxim that a military man should 1 vantageous to Canada to have reciproc-
. not talk too much. The firing line Is ity with this country than the proposed
evidently safer than the rostrum. British differential, but if. the former
could not be obtained the latter would
Secretary Boot will give General Mae- be taken. He admitted that reclDroeitv
Arthur opportunity to explain just what would necessarily be confined mainly to
be did say about war with Germany, natural products and expressed the oDln-
ami arier an mat otners have said, the Ion that the American farmer has noth
reneral uo doubt will be only too glad ing to fear from this. He declared that
General James B. Weaver of Iowa,
twice a candidate for the presidency,
once as a greenbacker, and once as a
populist, and now masquerading as a
democrat, has been down east Interview
ing himself on the political outlook.
General Weaver declares that "If Parker
Is nominated the democrats can carry
three congressional districts In Iowa
and they can gain another in Nebraska"
and he expresses a willingness to run
himself as the candidate in the district
in which he lives. General Weaver
carefully abstains from pointing out
which congressional district the demo'
crats expect to gain in Nebraska as well
as from noting the self-evident fact that
they will in nil likelihood lose the one
district they now have in this state.
If his hopefulness for Iowa has no more
substantial basts than It has for Ne
braska, General Weaver need look for
no alarming number, of followers in his
new rainbow chasing expedition.
to do 80.
the critical hour is at hand when Canada
must decide whether she will have closer
.!Jt" nation, with the United States
tee in the coming .campaign. A presi
dential contest usually meuns epough to
or put up a tariff wall against this coun
try.
Jo to keep everyone busy who Is willing ....V V4 , ""U'"B lu
. ,o,v '". haif 0f reciprocity was that of Governor
Cummins of Iowa, who Is among the
Omaha did comparatively little build- mOHt earnest advocates of the policy. It
lng last year. ' The next season will muit l)e admitted that his speech was a
have to show up more than its ordl- very Btron8 Pl"a for closer trade rela
nary share to make good the deficiency tlon wltu our northern neighbor and it
In new structures for store and dwell- yery '"'J o nave an innuence ra
lng purposes. vorable to the cause of reciprocity, espe
cially in New England and the north-
Mrs. Bennett complains that the ob- west. Mr. Cummins said he advocated
jectlonable features of her husband's will tue reciprocity of Blaine and McKlnley,
were prepared in Lincoln by Mr. Bryan I but ttLt 89 Canada is concerned we
and bis wife without the aid or consent think that neither of those statesmen
f any of Mr. Bennett's family or busl- wa8 favorable to reciprocity with that
ness associates. I country on the basis which it proposed
and still proposes. Both of them were
A big flouring and cereal mill In familiar with the operation of the treaty
Omaha would pay out without regard which expired in 1806. after having been
to the establishment of a grain market, in existence for twelve years, and they
although the two would naturally help did not want another agreement of that
one aioher. The order of precedence, kind, which was decidedly not favorable
However, la not specially material. to the United States. Possibly another
such treaty might operate differently,
Those indictments for erecting Illegal inee conditions have somewhat changed,
fences on the public domain would have I but there are still many who believe that
saved the government a whole lot of reciprocity. If confined mainly to natural
trouble had they been brought in a year products, would not be fair to the agrl
ago. A few true bills then would have cultural producers of tliU country, in
expedited the removal of the fences whose behalf it is contended that they
more than all work of notification of all re as much entitled to be protected as
toe special Inspectors. I are the manufacturers.
We lo uot observe aiiT Indications of
Western railroads have agreed to dls-1 Interest in thia anhwt .t v.ui,i,,Dnn
continue their personally conducted though it is possible that It may receive
wura. inis is Simply another case attention during the session of eonrres.
where what is a good innovation for one The way to test the feeling there is for
roaa ceases to be a paying proposition Canada to propose the reconvening of the
vnen an tne roaas go into the same I high Joint commission, with reciprocity
ueiue. ioi very ainerent. However, I as one of the subjects for consideration.
irom conditions constantly evolving in I but this the Dominion government is not
vuer lines or business. I disposed to do. Although it la MaanAri.
A calamity is reported the like of
which has not befuiien the city of Chi
cago since the great fire of 1871. Five
hundred delegates to the Interstate In
dependent Telephone association were
thrown into consternation by the dis
covery that 100 tickets to the banquet
with which the association was to wind
up its proceedings had been stolen. For
tunately the theft was discovered be
fore the contraband tickets had been
used, but not before the averted calamity
had been chronicled to all the world by
the Associated Press. Since then the
impression prevails that had the ban
quet toothpicks been stolen instead x
the tickets it might have been worse.
If the business men of Omaha and
especially the grain exchange will take
advantage of the laws of supply and
demand, the problem of muking Omaha
a grain market will be solved in short
meter. There Is an abundant supply of
grain within the territory tributary to
Omaha, but the demand for the flour
mills, cereal mills, distilleries and In
dustrlal concerns, to convert grain Jnto
finished products for consumption And
export, is yet to be supplied.
Former Assistant Secretary of the
Treasury Hamlin read the address of
Governor Cummins of. Iowa in the lat
ter's unavoidable absence at the ban
quet of Boston merchants and manufac
turers, but It may be safely put down
that the substitute could not equal the
original In point of polish, fervor and
dramatic effect. To give full force to
one of Governor Cummins' speeches, he
must deliver It himself.
The West Leavenworth Improvement
club has reached the stereoptlcon stage
with 3-eent fare and flve-mlnute car
as the objective point) A stereoptlcon
view of a curloud of 3-cent passengers
would be a novel sight in Omaha, but
It is a rommou, every-day thing to see
men and women banging on to the cn
straps without the use of the stereopti
con.
Has Openlac tor Economy.
Baltimore Amarloan.
An Interesting experiment will be made
la Omaha when It will be attempted to
prova that government laborers can be fed
on well-rooked and sufficient food at
cents a meal per masv If the experiment
Growth of roatal Bnalneaa.
New Tork Bun.
At the close of the fiscal year of 1903
there were 2,935 railway mall routes In use
by the Postofflce department, with an ag
gregate length of 192.R62 miles. The cost
of transportation, or "annual rate of ex
penditure," was $38,607,624. Twenty-six
ears ago the annual rate of expenditure
waa $S.4d3.1J7, or less than a quarter ot
the rate last year and only about a fifth
of the amount which the department will
ask for the fiscal year ending with next
June. Moreover, $3,279,323 was expended In
1902-03 for railway postofflce cars, and the
ggregate of all transportation costs of
1902-03 was $05,186,715. The estimate for 190
05 of $75,128,000 Is a striking demonstration
of the rapid growth of the poBtal business
of the United States.
rotting on the Hotel Front.
Four Tracki News.
Why Is It that a man who lives. on $S
. week when he is at home, wants to
pend $S0 when he Is traveling for the
houao? Why does he have to have a room
with bath at the best hotel?
He'll tell you It's to keep up the dignity
of the house.
Not a bit of It.
It's to keep up his front with the boys.
As a rule he doesn't deceive his cue
tomers, or prospective customers. If he's
a good man they know It. But If he Is
shell fish he can't fool them by stop
ping at the Holland house. If he knows
his goods and will hustle and keep his
expenses down, ha may be able to buy
the Holland house after awhile.
This making a hotel front Is poor bust
ness. It Is like Eugene Field's remark
in declining out-of-season atrawberrles
'It spoils the appetite for stewed prunes,
Ancient Claim Revived.
New Tork Bun.
When the United States government was
an Infant just setting up shop on the banks
of the Potomac there wasn't enough money
In the national strong box to build a shel
ter for It. The comparatively venerable
commonwealth ' of Virginia helped the
struggling youngster out by lending It
$120,000. The loan "was 'authorised by the
Virginia general assembly on December 27,
1790. and the money was to be used by the
young government for public buildings. For
sixty years the creditor made no effort to
collect this loan from Uncle Sam, but In
1860, the federal government appearing to
be prosperous enough to Justify It, Vlr
gtnla asked to be reimbursed. The Waah
lngton authorities didn't pay, and now
Senator John Warwick Daniel has taken
up Virginia's claim and Introduced a bill
In the aenate for Its payment with In
terest since 1850. The creditor state Is
willing to have Uncle Sam deduct from
Its claim any money due to him, but It
believes It la time the advance was re
turned.
LIKE TNG DREAM OF ALCHEMY.
Startling Discovery tn the Domain of
Science.
Philadelphia Record.
No more startling discovery has ever been
made in chemistry nor, for that matter,
in the whole domain of science than that
announced at the London Institution on
Thursday last of the transmutation of ra
dium Into helium. The high rank of the
discoverer (Sir William Ramsay) among
the scientists of the day and the precaution
observed by men of his stamp before pub
licly and positively announcing the results
of their experiments reduce to a minimum
the possibility of error. The experiments
of Sir William, moreover, were so simple
that the chance of a mistake having been
made la practically nil.
He observed that radium gives off an
emanation In the form of a heavy gaa. Col
lected Into tiny flasks, this gaa displayed
all the characteristics of radium, and un
doubtedly It was radium merely changed
from solid to gaseous form. Within two
days the spectrum of the Imprisoned gas
began to change, showing the typical yel
low line of helium. In four or five days
the helium lines grew brighter and In an
other week the spectrum of helium waa
positively biasing In the hermetlcally-aealed
tubes that had been filled with the pure
emanations or gaseous Output of radium
In a word, one chemical element had been
literally transmuted Into another of quite
different properties under the eyes of the
observer. It was as though lead or Iron
bad been converted without extraneous In
terventlon Into gold.
If the element radium be convertible Into
the element .helium through the operation
of forces as yet unknown, why may not
the element Iron be transmuted Into the
element gold through the operation of th
aame or allied forces? The dream of th
alchemists may some time be realized. At
any rate. Sir William Ramsey's discovery
upsets the theory of the Immuntabllity of
the elements, upon which the science ot
chemistry Is founded. The theory had at
ready been somewhat shaken by the dls-
covery that the cathode rays generated In
the Crookea tube are not due to a die
turbance of the ether, as are light waves.
but that they behave exactly like particles
of matter carrying negative charges from
the cathode. These particles, which have
been called corpuciea, have been shown to
be so Impalpable that the mass of a corpus
cle Is only one-thousandth part aa great
aa the muss of atom of hydrogen hit her t
assured to be the lightest particle of mat
ter capable of Independent existence. It
has been suggested that th various ele
ments are made up of varying aggrega
tlona of the same kind of corpuscles. Th
new discovery points in th sam direction,
Bays Bir William Ramsay:
"No wonder that with this amasing fact
before them scientists are hopeful of read
Ing th riddle of th universe. They are
now Inclining more and more to the belief
that all thing are electricity In different
form and In varying combinations, and that
In this mysterious force, which us
every day, but which we cannot aatiafac
torlly explain, la th solution of th graj
problem which has tacked Kaokind f;
centuries.' '
HEALTH is the
Most Important'
In buying food-products several things are to be thought
of i. e., Economy, Results, Easy Handling, Reliability,
but the most important is Health.
Health means everything. In buying clothes, shoe
hats, furniture, etc., if the buyer is deceived and gets an
imitation the only harm is loss of money. In buying food-
products, if imitations are supplied, there is not only a loss
of money but perhaps an injury to health which is
beyond price.
Remember these fads when buying baking powder,,
ROYA
BAKING'
POWDER
ABSOLUTELY PURE
POLITICAL DBIKT.
During th present week New Tork
democrats were quoted solid for Parker.
Seven of the Grand Rapids bunch of
boodlers have acknowledged In court that
Salsbury told the truth.
Speaker Cannon's stock of ciaars has not
visibly Increased since the committee mem
berships were announced.
Governor Willis J. Bailey of Kansas
authorizes the statement: "There Is no
harm In a little game of poker."
Ex-Congressman Jerry Simpson, known
as the sockless statesman of Medicine
Lodge, now declares that the money Issue
la dead. Bo is Simpson as a political factor.
Ed Butler, one of the eminent grafters
Of Missouri, has been given a clean bill
of health by the state supreme court.
Butler Is past master of the art of promot
ing his own health.
One of Detroit's boodllng aldermen was
recently robbed by a burglar. The pen
alty for an offense of this kind should be
something that th burglar can hand down
to posterity with pride.
The state treasury of Pennsylvania has
balance, Including the sinking fund, of
$15,8P0,000. It Is believed to be sufficient
to carry forward the work of constructing
the state rapitol building 'for a few years.
W. A. Powers, recently a candidate for
delegate to the legislature of Virginia, In
reporting hla campaign expenses to the
secretary of state, places his total outlay
at 45 cents, 15 cents of which sum was
expended for a dinner for himself and
doubla that sum for a meal for his horse.
William Rule, editor of a newspaper at
Knoxvllle, is spoken of as the probable
candidate of th republicans for governor
of Tennessee. He has been fighting the
battles of his party for forty years and
during that time has held but two offices,
thos of pension commissioner and postmaster.
John W. Bookwalter of Ohio, William J.
Bryan's latest candidate for the democratic
presidential nomination next year, is a
business man with a large manufacturing
establishment In Springfield. O., was once
upon a time an unsuccessful democ ratio
candidate for governor of the Buckeye
state, and Is the author of "If Not Sliver,
What?" a work In advocacy ot bimetallism.
Members of the Society of th Daughters
of the American Revolution and of the
other women's clubs and patriotic organi
sations In Pittsburg, Pa., ar to make a
house-to-house caVivasa, such as was never
before undertaken In that city, in further
ance of the efforts of th Orphans, th new
local political party, to bring about reform
In th conduct of municipal affairs. They
hop to bava an appreciable effect upon the
vote at th municipal election In February,
especially In the choice of members of the
city council.
Th ''AmVn Corner" club, Senator T.
Collier Piatt's favorite, Is planning a din
ner for January 27, and has issued Invita
tions to many notables to join in the
festivities. On this occasion Hon. George
B. McClellan, Tammany mayor of New
Tork, Is to be the guest of honor. If all
who are Invited respond In person, Presi
dent Roosevelt will sit next to "Boss"
Murphy, Orover Cleveland will touch. el
bows with William J. Bryan, and Senator
Piatt will be th next man to Mayor
Low but not It either of them can prevent
It. Th dinner will b at th Fifth Ave
nue hotel.
FREEIXJ OF THE WEST.
Worth Looking; Into.
Springfield Republican.
The Interstate Commerce commission Is
to give a hearing at Washington on th
17th regarding the action of th railroads
In making special low rates for merchan
dise to be exported. Thst it is a discrim
ination against home consumers and In
terests can admit of no question. Its le
gality is therefor to be doubted decidedly.
But If the law does permit, then the law
should be amended. It Is well that th
commission Is to take up the question.
rn( kaac b tvtrmuNa"
Esterbrook
pea Is
(ttanntce of
Vertical
admirably
Vertical
Oftr 150
other stylet
every pm
stationers
Accept bo
556
ta abislate
Its excellence
No. 556 is
adapted for
Writing,
varieties of
to suit
poae. All
hare them.
substitute.
II The tsTEiwroo STta. Ptw Co.
WrtM.Ci,Kl, aiissntsnetHI.
Aa Epoch in American Industry and
Finance.
Chicago Tribune.
The fear of a few months ago that the
country was In for a severe curtailment of
business and for hard times Is rapidly pass
ing. Promotion has Indeed been largely
checked. The New Tork Journal of Com
merce prints some significant figures as to
the aggregate capitalization of new cor
porations with $1,000,000 capital or more
during November. According 'to Its tables
the total Is the smallest for any month
since the beginning of 3f99, being only
$r6,100,0C0. as compared with $115,HO.O0O In
November, 1902. The total tor the first
eleven months of this year Is $1,572,201,000,
as compared with over $2,500,000,000 In the
same period 'ast year, $3,500,000,000 In 1901
and $3,250,000,000 In 1$00.
Some overcapitalized combines have been
brought nearer to a solid basis by the se
vere process of scaling down their market
quotations, while other concerns could not
Stand this treatment and have gone to the
wall. The old, well-established concerns
have suffered little, If anything railroads
particularly having had a successful year.
, Trade has revived and" promises to be
brisk, although the prices will be lower,
except as regards cotton goods. Exports
continue plentiful, both ot manufactured
and farm products. Even Wall street,
which was on the verge of a fainting fit
a month ago, seems now to be able to sit
up and take notice. The patient was sur
prised that th whole neighborhood was
not In hysterics over Its malady, and, being
let alone, It soon recovered. Wall street
Is a chronic hypochondriac half the time
and a reckless rounder the other half.
What It needs when Its alternate fltat
exhilaration and melancholy scire It Is to
be unnoticed.
If Wall street had led th country this
time, as It has In th past, it might be In
the throes of a panlo now. But It has now
got too big for Its self-appointed nurse. It
knew that there was nothing the matter
with It and wisely refused to take patent
nostrums and get sick because the nurse
was ailing. Chicago Is an excellent barom
eter for the condition of the Mississippi
valley, and Chicago Is flourishing. Th
country around It is prosperous. There
have been fine crops. The factories hav
been running steadily. There has been
little stock watering. The west has been
sober, Judicious and conservative. What
It got It earned. It has had no dissipated
night before and need fear no headachy
morning after.
If some future historian shall writ a
history not merely of American policies
and politicians, but of tn American peo
ple, he will describe aa an epoch the years
from 1SW6 to 1903. For they ar the years
of a peaceful revolution th years when
the debtor west paid off Its debt to the
creditor cast. Until this present epoch
the east has been the weat's absentee
landlord. The west could only make so
much profit out of Its fields and mines ns
was left after paying Its landlord the In
terest on mortgages and th dividends on
preferred stock. But In th late un
precedentedly prosperous period th west
has finally been able to earn Itself out ot
debt. It will use Its money hereafter to
educate Its own children, beautify Its own
homes, gardens and cities.
Every man
and especially every young man, has a regard for the
looks and goodness of his clothes and the necessary
fixings that go with them.
Those of taste in dress will be more than pleased
with fashion's fancies for the Holiday season thnt
we have gathered together to make your choosing par
ticularly easy, and as usual we are a little way ahead
in the matter of "style" in these things.
"There's an advantage" in doing your Christmas
shopping in good season. Everything is new, complete
and ready.
Neckwear
50c, 79c, $1.0. $150, $2.00.
House Coats
$5, $6.50, $7.50, $8.50, $10, $15, $20 and $23.
Lounging Robes '
$5.00 to $50.
Bath Gowns
$3.50. $5.00. $6.00, $7.50. $8.50, $10, $12.50
Suit Cases and Bags
$5.00, $6.00, $7 50. $8.60, $10 up to $25.
Umbrellas
$1.50, $2.50, $3.50, $5.00 up to $15
' Traveling 5et$ 1.50 to $10.00
Collar and Cuff Sets-$1.50, etc
Oenulne Seal 5klaCap, two styles, $5.00
"And" No Clothing; Fits Like Ours.
, n. s. wilcoa, mgr.
