2
THE NEBRASKA INDEPENDENT
July 17, 1002
A MECHANIC'S PERIL
HE SAVED 'HIMSELF WHEN
. OTHERS WERE POWERLESS
. TO HELP. v
E. J. Winn, a machinist In the em
ploy of the Sedgwick machine works,
at Poughkeepsie, N. Y., had a narrow
escape, but saved himself by his own
efforts.. He- told; the. story, to a re
porter as follows: . . -
"I had been working here for eleven
years,'" he said, "without 'even a
week's time to spend In rest. It was
all right till a year ago when I began
to lose flesh and to experience a se
vere pain In the right side. My appe
tite was fair, but I could eat only the
plainest of food and not heartily of
that. My 'weight was reduced to 118
pounds.
"Besides the pain which was very
sharp at times, I could not stoop over
without being dizzy when I stood erect
again, and my blood was thin and wa
tery. I employed physicians who said
I was suffering from indigestion. I
did not obtain any- material relief and,
as a friend suggested that I should
try Dr. Williams' Pink Pills for Pale
People, I did sc.
. "The result J? very evident. I no
ticed a little improvement by the time
the first box had bem taken. I per
risted, and continued till four boxes
had been taken. TMs was about a
year a?o. I have had no return of the
trouble; , I am back at my normal
weight of 132 pounds and am feeling
well and stron?. If anything I can
say about the remedy will do any good
to others who, are afflicted as I was, T
m glad to ?av It, for there is no doubt
that Dr. Williams' Pink Pills for Pale
People cured me."
Mr. Winn lives at No. 323 Church
street, Poughkeepsie, N. Y., and is
willing to substantiate his above state
ment. The pills which cured him are
not a patent medicine, but a prescrip
tion used for many years by an emi
nent practitioner who produced the
most wonderful results with them, cur
Ing all kinds of weakness arising from
a watery condition of the blood or
shattered nerves, two fruitful causes
of almost every ill to which flesh is
heir. 'Dr. Williams' Pink Pills for
Pale People are sold by all druggists,
or direct from Dr. Williams Medicine
Co., Schenectady, N. Y., fifty cents per
Vox: nix boxes for two dollars and a
half. Send for free booklet of medical
advice.
assessed at $10,095 a mile; and in re
sponse to the question asked by coun
sel for the Burlington company I will
tell him what would have occurred in
comparing this property with othxr
property in the state this year if the
name ratio had been maintained that
was maintained In 1874. If the sama
ratio had been maintainedjbetween the
Hnds, both improved and unimproved,
this year, as was maintained between
the railroads " and the improved and
unimproved lands of Nebraska in 1874.
the assessment of the railroad corpora
tions would have been over $36,000,000
more than $10,000,000 more than It
is. And that assessment is not fair to
the people of this state because It goes
upon the assumption that lands In
Cheyenne, lands in Sioux, and in Dun
dy counties are worth as much per
acre as they are worth in the eastern
part of this state, because we all know
that in 1874 the assessed lands were
practically confined to the eastern one
third of the state of Nebraska. So that
rpon that showing alone, and assum
ing that lands clear out in the arid re
rlon where thy don't ral-e a crop one
year in five are jut as valuable as Ne
maha. Otoe and Richardson counties;
even if we tak that a? the basis these
respondents hrp pay -cmptd from
taxation at Wt ten million dollars
of property that ourht to have gone
upon the asiessment roll. Ah, but the
Bay that this assesfriert fs similar cO
vbat it wa in p'ior yars. I in hero
to say that I believ9 tMt aH t prior
assessments In Nebraska were too low,
til of them, upon ni'way property.
I am here to siy that tse a-smente
of two yars a"o wer- too low, and 1
am here to point out to your honor1!
so clearly that no man can doubt It
that there is no comparison between
these assessments and the assessments
of the present year. In 1?94. 1895. 18Dr
and 1897 the Union Pacific railroad was
In the hands of a receiver had been
run down, It was a bankrupt concern,
its franchise' bad gone and had no
value at all. By the fall of 1897 the
main line-of the Unfon Pacific, not t he
franchises, not the feeders that gave
value to the property, but the main
line, got out of the hands of the re
ceiver; but by the time the assess
ment of 1898 was made there was no
report of its net earnings under the
new conditions there was no oppor
tunity to compare their earnings when
they would get all their franchises to-
gether because the franchises were
still in the hands of a receiver." There
'was no report made to, the Interstate
commerce commission or the publish
er of Poor's Manual where you could
get Information as to the value of tftia
property, hence there was no possible
way by which any man could get at
'the actual value or fair value of tne
Union Pacific railroad in 189S. The
stock of the Union Pacific railroad
had not paid a dividend ' for several
years. All the common Btock and all
the preferred stock, all of it, are pay
ing dividends, that has sent that com
mon stock to par and above it, sending
it to a premium. '
. Now, then; as to 1500 there was a
different showing, and in 1899 and 1900
as a result of that these railroad val
ues, ought to have been Increased im
mensely upon the tax roll. But there
was something that occurred in 1900
' 'though counsel may not be aware of
it which added immensely not only
to the value of the Union Pacific rail
road, but the value of every mile of
railroad in Nebraska and every mile of
railroad west of Chicago. The infor
mation that these . corporations ha1
- done certain acts which I will refer
At mS. 4tus atom. 25 Dmks 2 Sc.
to In a moment, by which they had
Immensely Increased the value of their
roads was not known to the state
board that made the. assessment two
years ago. I think I have given a fair
consideration to this question for sev
eral years, but I am frank to say that
this order was personally unknown to
me, close track as I aimed to keep
of these matters. When the assess
ment was made two years ago and that
thing which has given value to these
railroads, that . thing which was the
entering wedge of the mergers which
have .since taken place, was a com
mon agreement made in the city of
Chicago under which they placed all
territory running from Chicago north
west of St. Louis and then down the
Mississippi to the gulf and taking all
the territory west of those lines
throughout the United States and put
ting them Into, a division and issuing
a , rate sheet known ." as Classification
No. 29, binding upon every railroad
operating within that territory.
What was this general classifica
tion or this order 29? It provided a
the report of the Interstate commerce
commission now In evidence shows
that a reduction of 31 per cent on sev
enteen articles of commerce should be
provided " for and Increased 47 per
cent on two hundred and forty articles
in common use that constituted the
bulk of the commerce of this country
The average increase in the two hun
dred and fifty-seven articles was more
than 40 per cent so as a result of It a
man paid $100 freight before that
classification went into effect on the
25th day of January,' 1900, had to pay
$140 in place of paying $100. But, as
the interstate commerce commission
says that the cost of carrying freight
did not increase a dollar, it simply
added to the profits of the railroad
corporation.. The result of that was
that they could pay larger dividend's;
the result of that was they could pay
better interest on their bonds and
larger dividends on their stock; and
the result of it was that they who
got up some new plan, some criterion
by means of which they could double
if necessary the amount of the stocks
that were outstanding so as to pay
dividends on twice the amount and
the rate of dividends would look only
half as high. That Is the thing that
has been at the bottom of the mergers.
It is the purpose to collect tribute from
the people by these Increased railroad
rates and at the 'same time conceal
the truth from the people as to the
rate of Interest they were actually
paying upon the amount of money that
the road fairly represented. I do not
know whether counsel would call that
"moonlight on a shovel," that Is for
the Interstate commerce commission
to say.
Now when the assessment of two
years ago was made the state board
did not know a single thing about this
immense increase in rates which mean
an increase in the value of the rail
road property. It was not until their
annual reports were published in the
following year a year later that
anybody, unless It be these gentlemen
whom manipulated from the Inside, or
some shipper who happened to have
paid the increased rate, knew about
it. These are the only people who
would know it, it was not known to
the public generally or to the public
officials until after they had issued
their annual statement In'the follow
ing year and until after the interstate
commerce commission had published
its report which gave this informa
tion to the public. And as soon as
that was shown that they had col
lected these increased tolls and that
they had thereby immensely increased
the value of all railroad property In
the country, then the very next year,
that is, last year. It was the duty of
this board to Increase the assessment
of these railroad corporations so that
their assessment . would correspond
with the increase in the actual value
of their property which they, them
selves, brought about, - as the inter
state commerce commission say, by
their own order.
Did this board make any effort to
find out what it was that was causing
this immense increase In railway val
ues ? Has this board in this case shown
any desire to give this court Informa
tion as to what these properties are
fairly worth? Haven't we on the vital
points here which affected these rail
road properties been met constantly
with objections? Why, the two things
r.r the three things upon which we
can rest this case with absolute safety
above all others as showing that an
increase should be made are the inter
state commerce reports, Poor's Man
ual and the market quotations on these
stocks; things, a majority of which,
were resisted at the outset here, and 1
v ant .to ask this court if this Is not
information which this tribunal, the
hlgne.st in the state, ought to have
from the servants of the state, the
respondents here? I want to say if it
was not for the light wa have thrown
upon this transaction if you would
have been able to tell the yalue of any
rauroaa m the . state of Nebraska?
We brought It here. We put It in over
the captious objection of these gentle
men who are not here serving the com
monwealth, but serving these corpora
tions who are swindling the balance
of the people of this state in the mat
ter of taxation. Their conduct in that
respect, their failure to Inform them
selves , of the value, their conduct In
this trial In failing to furnish or try
ing to furnish this court with the true
value of the railroad property, their
captious objections to the offered evi
dence are proof that they have acted
Iraiidulently in this matter, show that
they have been In collusion with the
railroad companies, and omitted, as I
said before, to place the bulk of this
property in for taxation.
Now let us take the Union Pacific
railroad . as an example I take the
Union Pacific because it Is the biggest
sinner of the lot; I will take it first.
Mr. Baldwin in his brief says that
the amount of the stocks outstanding,
not only of the Union Pacific and the
Republican Valley, which is a part of
it, but of the Oregon Short Line which
they couple with it, although it has
99 per cent of its stock that It owns,
and the Oregon Navigation feomnanv
the total amount of its stock is $263,-
uuu.uuu. - inow, mat is about right In
one sense. The funded debts of these
corporations are $331,000,000. He savs
he adds these together and then he
deducts what he calls securities ownrt
by y tho company amounting to $332,
000,000 and he leaves It worth, about
jzbz,uoo,uuu. way, Brother Baldwin,
ttN .-
m;?j.i'
Mi. II
raw -y
(Ssj03 LnJeair3
at pointof contact with the hand or pocket.
A solid gold case wean thin and weak
and a cheap filled case wears shabby.
A Jas. Boss Stiffened Gold Case la
guaranteed to wear for 25 years, it Is
made of two layers of solid gold with
a layer of stiffening: metal between, all
welded together In one solid sheet.
The outside gold will last a quarter of
a century and the stiffening metal will
keep the case strong as long as 70a wear
It. This Is why thousands wear the
Stiffened
Waltcfh as
on costly works In preference to a solid gold case. Ask yonr
jeweler to show you a Jas. Boss Case and look for the
jtweysione iraae-marK stampea msiae. svnarar owuk . 5 .
THE KEYSTONE WATCH CASE COMPANY. Philadelphia. Pa.
mam
fact of the matter is, your figures on
which you base your whole argument
here show that these three railroad
companies are worth $1,000,000 less
than the stock without one dollar 'of
bonds; you had better go a little fur
ther, let me get this table from which
it was taken. You ought to have gone
a little further, you ought to have
taken the "balance afloat" column
there and you ought to have deducted
that from the balance and if you had
done that you would have proved that
the Union Pacific railroad, the Oregon
Short Line and the Oregon Navigation
company by the very same principle
you used, that the three railroad com
panies were worth less than nothing
and then they would, have put you at
the head of the railroad tax bureau of
the Union Pacific railroad and in
creased your salary 1
Now let us look at these figures that
are here to mystify us. I am not here
to charge Mr.. Baldwin with trying to
misrepresent to the court, but I am
here to point oat that these figures are
deceiving, and that if Mr. Baldwin is
not responsible for their making he
ought to expose the man who did it
by misrepresenting and in trying to get
an unjust judgment here. I might
point out some things he takes into
consideration, for example: When
they took this Northern Pacific stock
they issued 4 per cent certificates and
then . they got the stock. Now if I
buy today a thousand dollars of stock
and give my note for a thousand dol
lars I am neither richer nor poorer
when the day closes. But Brother
Baldwin by his figures here even after
they have paid off and retired the
stock figures differently; he figures if
I buy one thousand dollars' worth of
stock today and give my note for it I
am two thousand dollars poorer to
night. , In addition to that he take3
the Southern Pacific stock, which is
an asset in the hands of the company,
and he treats it as a liability. Why.
bless you, Brother Baldwin, if you can
get hold of a million dollars of that
stock it. would be a million dollars of
your assets and not of your liabili
ties! But I want to get at this Union Pa
cific and get at it right. The Union
Pacific railroad according to Poor's
Railroad Manual, according to the in
terstate commerce commission, and ac
cording to their own report I am talk
ing of the Union Pacific, not these
affiliated lines which are operated un
der their own charters the total mile
age of the Union Pacific is 2,967 miles;
that covers the entire line from Coun
cil Bluffs here to Ogden, Utah, and
includes the branch lines in Nebraska,
Kansas, Colorado and wherever else
they may be. I want to get the value
of this road and I intend to keep it
apart from these other two roads that
are run under their own franchises and
i: intend to keep it clear from the
Northern Pacific deal that they had
when they cornered the stock in Wall
street, I want to get the value of this
road standing out by itself; Its main
line and Its branches and then I want
to show what it is worth per mile.
The bonded debt of the Union Pa
cific in that way is $99,500,000, the
bonds $194,602,300, that is the float,
but doesn't include the $445,000 !n
your treasury. The total mileage i?
2,967 miles. Now these bonds of theirs
are worth a premium. The preferred
stock, on the proof, is a little below
par, it fluctuates; the common stock is
at a premium, but in my figures I
have taken the bonds and both stocks
at par. I know that Is conservative.
I know that it is fair to the Union
Pacific railroad it Is more than fair,
but I have taken them at par; and
these stocks and this bonded debt, the
two combined, under the rules laid
down by every court that I know of
since the great decision of Judge Mil
ler In the Illinois tax cases in tae
Second United States, the rule Is that
the value of the stock plus the bond
ed debt measures the value of the en-r
tire railroad property, franchise and
all combined. Taking this funded
debt and taking this stock and divid
ing It by 2,967 we find that the Union
Pacific railroad from Council Bluffs to
Ogden, Including all the branch lines
In Kansas, Nebraska, Colorado and
Wyoming is worth $99,124 a mile, prac
tically $100,000 a mile. But I do not
need to stop even at these figures to
prove It is worth more than $100,000
a mile in Nebraska. I do not need to
go outside of Its own report to pro v 3
it is worth more than $100,000 a mile
in Nebraska. The Union Pacific bonds,
on the testimony here, are 4 per cent.
It is very safe to say that in a safe
railroad money can be borrowed at
4 per cent. Money Is plenty in th3
United States at 4 per cent per annum
on absolutely safe Investment and
Covering long, long, long periods of
time. The Union Pacific is doing
business upon that basis. Its bonds are
4 per cent. Its preferred stock is a
4 per cent stock. Its common stock on
which dividends have been paid, ac
cording to the testimony here, have
drawn 4 per cent and have been paid in
the last couple of years. So the Union
Pacific railroad is bonded and stocked
upon a 4 per cent basis. Now the state
ments before this same board show
that the total mileage of the Union Pa
cific railroad in Nebraska is 1,020
miles and I have treated in my brief
just the same way because 1,020 miles
Is included in the earnings. I am not;
Jtreating it In figuring at the value per
mile, when I take tne oonaea ana
upon the earnings I am taking it fts
947 miles of its own and it is operating
under some trackage arrangement with
the Omaha road 74.94 miles from Nor
folk to Sioux City. The net earnings
of the entire 1,020 miles in Nebraska
for the year ending! June 30, 1901, ac
cording to the report filed with this
board itself was $4,800,0001 will give
the figures accurately, $4,807,288.37.
Its net earnings per mile are $4,711.
That will pay 4 per cent interest upon,
$100,000 a mile , and leave more than
$700,000 surplus every year. , If we
capitalize it right down on a 4 per
cent basis it shows that the Union
Pacific railroad is worth $118,000 a
mile, and I believe that is a fair basis
because that includes not only all ot
its tangible . property, but it includes
the intangible as well, it includes its
contract for operating over this Oma
ha road, it includes the revenues it
gets for the use of its bridge from the
Milwaukee and Rock Island roads and
for the other roads that cross over
that , highway; it includes its mall
contracts and its express contracts.
And when you take the value of the
tangible property and when you take
the value of the Intangible contract,
when you take the value of the fran
chise under which they levy tolls and
collect tribute not only now, but In
perpetuity, when you take all these
things together you have got the value
of the road and the only fair way by
which you can measure is the value of
the stock plus the bonds.
Now then,: upon the showing, and I
know it cannot be contradicted, that
ife not only their own showing filed
with the board, but it is from Poor's
Manual as well, and it is the market
reports in evidence as well how then Is
this Union Pacific railroad? Is it
paying a fair share, of the taxation in
Nebraska? Why, that main line that
was but a bankrupt road in the hands
of a receiver a few years ago, it ia
not assessed for one single dollar,
not one single dollar more today than
at that time, when it Is now the best
paying property . west of the Missouri
river. It is the greatest earning road
of the trans-continental lines, and
yet, it is not assessed for one single
dollar more this year than it was
when it was a bankrupt concern. Take
this road which I say we can safely
say Is worth $100,000 a mile and
which upon the ordinary rate for in
vestment today is worth $118,000 a
mile, the average assessment in Ne
braska is just something over $6,000
a mile, the Union Pacific railroad in
Nebraska, the main line and all branch
lines combined, are assessed this year
for less than 6 per cent of the amount
of money for which you can sell It for
cash tomorrow on the market. Who
says that any other taxpayer In this
state has been favored in this way?
In the city of Lincoln here property
is assessed at 100 per cent for mu
nicipal purposes. The professional
man, the merchant, the laborer, the
mechanic in the city of Lincoln pays
a tax sixteen times a3 high as the
Union Pacific railroad. Why, the State
Journal building down here pays as
much tax, almost, as the entire Bur
lington railroad. The Lindell. hotel ,r
the 'Lincoln hotel pay more taxes than
all the railroads, terminals, and all,
In Lincoln combined, and yet they
talk that they have done justice in
this case, that they have not com
mitted fraud in this case, that they
have tried to do right in this case as
best they knew how. If we take it on
a one-sixth basis and say it is only
worth $100,000 a mile, then 'the Union
Pacific railroad should be assessed,
both the main line and the branche?,
at about $17,000 a mile; it should te
assessed about three times as high
as it is for every single mile, main
line and branch line, in Nebraska.
This great crime is not committed cn
one mile, but on every mile of that
road in this state. But there is an
other argument that ought to urge
morally strong here, and that Is that:
I have said this road is worth at east
$100,000 per mile. The undisputed tes
timony before you shows that its prop
erty in Nebraska, including its termi
nals in Omaha, can be reproduced for
$30,009 a mile, that is their statement
in the brief, that Is the brief they
submitted in the federal court in ths
penalty case In 1899. The tangible
property, the physical property of the
Union Pacific road in Nebraska with
the Omaha terminals and all combined
is worth only $30,000 a mile, but the
road can be sold on the market for
$100,000 . a mile. The franchise, the
right to take tolls or tributes which
amount to $70,000 a mile in the value
of this road of a 100,000 a mile for
which you can sell this road you can
duplicate the road for $30,000 a mile,
the other $70,000 . a mile represents
nothing but wind and water on which
the stockholders and bondholders of
this corporation are drawing divi
dends, it is the franchise that - is do
ing that for them. The bonded debt
against the Union Pacific railroad In
Nebraska will pay for replacing the
property. The bonded debt against
the Union Pacific railroad will dupli
cate the property, terminals and all,
and leave $3,000 a mile for profit, so
that the entire preferred stock on
which they are drawing dividends, the
entire common stock on which they
are drawing dividends, this $70,000 a
mile which represents the franchise
that is, the result1 of their power, to
take tolls, and that $70,000 a mile has
been absolutely untaxed by the present
respondents.
"THE DESERTED VILLAGE"
Goldsmith's Picture a Trae Oae ml Wash
ington Slace Adjournment af Cod-
pw Mr. Bride eft for JCaropa
Washington, D. C, July 14, 1902.
(Special Correspondence.) Washing
ton reminds one of Goldsmith's "De
serted Village" since the exit of both
congress and the president. All the
leaders in offlcial life have decamped
since Old Sol has begun his annual at
tack on this seat of the nation's busi
ness. In fact there are scarce a dozen
men of prominence in the city. True,
at both democratic and republican
congressional campaign headquarters
there are a few leaders of the antag
onistic political parties, but each day
sees a change of faces, for no one
yearns to spend a summer in Washing
ton. There were not half a dozen
members of both houses of congress
in Washington a week after congress
adjourned so hasty was their depart
ure. ; i - . ;:
And so when there are few of the
big men here, of course there Is little
done or considered by those remaining.
I have never seen a week more devoid
of anything important during my
whole stay in Washington. After the
session there is usually a period of
quiet, but this time it approaches soli
tude. The only symptoms of life re
maining can be seen around the demo
cratic headquarters at the Colonial
hotel and at the republican camp at
the La Normandie. There the busy
clerks are flooding the country with
literature pro and con on all the po
litical problems of the day, each vlelng
with the other to catch the wily voter
in their political drag net. The demo
crats are sending out documents to
prove the hypocrisy of the president's
attack on the trusts. They prove that
for. six yeara the country has been un
der republican rule that their power
has been strong enough at any time
in that period to crush any and every
criminal trust from the face of the
earth, but with a republican congress
loath to do anything, nothing can be
done to disturb their peaceful yet un
lawful encroachments. The intent is
the chief factor in fighting the trusts.
The existing Sherman anti-trust law
and the interstate commerce provi
sions would destroy every trust in the
United States if the attorney general
would only make war on them. There
are enough provisions on the statute
books to drive every trust out of the
business if the attorney general would
only bring suit against them. But
nothing has been done. So that when
ever a republican campaign orator or
stump-speaker asks you for your vote,
promising that the trusts will be
curbed If the republican party is re
turned to power, just ask him why the
Sherman anti-trust law is not en
forced? Ask him why that during
the seven years of republican rule not
a single action has been brought
against them by the United States au
thorities? Ask them that if the pres
ent laws are not satisfactory, why the
three past republican congresses have
not framed laws looking to their abol
ition? Ask. them that Jf Teddy, is bo
strenuously opposed to them that with
a republican congress on his hands, he
did not compel them to pass regula
tions that would lead to abolition of
the trusts? Ask them that if Tedy
really is not in league with the trusts,
why they refused to bring suit when
the American anti-trust leagus
through their attorney, Former Attor
iiey General Frank S. Monnet, offered
to furnish them with enough evidence
to sink any of these combinations?
They have persistently refused to do
anything to curb the trusts. They
have had time enough to drive every
one from the land, why have they not
done it? Why?
The American anti-trust league has
written a scorching letter to the presir
dent at Oyster Bay asking why the at
torney general has not brought suit In
response to their pleadings. The east
ern dailies are printing the letter In
full and the letter is so strong that I
think It well to Include parts of it in
my correspondence.
Referring to the president's speech
at Pittsburg and his discussion of the
subject of trusts,- the committee say:
"We presented to you, Mr. President,
In person, a cord of incriminating evi
dence against the Eastern Railroad as
sociation; at the White house, in
Washington, December 21, 1901, which
you personally assured us would be
by you called to the attention of the
attorney general. On your recom
mendation, communicated to us April
5, 1902, through your secretary, we,
on May 21, called at the office of the
attorney general, and found him ab
sent. ? At the White house, an hour
later, we were informed by the secre
tary of Mr. Knox that the attorney
General had stated that he 'would not
take up the case,' even though we had
Informed him that we presented the
matter to him by your direction.
"This was an open defiance of your
orders by, a subordinate official, the
toleration of which by you we do not
understand; for, on May 27, we had
written you fully as to the facts in
the case, and when unable to see you
delivered the letter with our own
hands to your messenger at the White
house."
"Such action on your part forces us
to the conclusion some of your subor
dinates and advisers are keeping back
from you full knowledge of the most
reprehensible action and inaction of
Attorney General Knox, which has be
come so culpable and notorious that an
eminent jurist and member of congress
(Mr. Wooten, of Texas) deliberately,
and after full investigation of all the
facts in the case, openly in the house
of representatives charged the attor
ney general with ' 'corrupt complais-'
ance toward the known violators of
the law." - '
The text of Mr. Wooten's speech Is
quoted. Attention is called to the ab
sence of all denial of his statements
by any official until the Fourth of July
speech of the president. Of this the
letter says:
"We have a right to insist that a
bare denial, even by the president of
the United States, of these well-proven
charges is ' no sufficient defense for
Mr. Knox."
It is alleged that the evidence in the
case submitted to the attorney general
was filed with the president. The
statement is made that If the president
has knowledge of the facts and evi
dence and still continues to uphold
the attorney general, , then (referring
-tj ,l j.jnfT ;.i iiiin'ii'Ji'"' ' ' J r-- i"t- " -1 1 - T
equally reprehensible with' his, and
will be even more severely condemned
by the people of the United Statem.
Continuing, this open letter says: !
"An honest enforcement of the law
Is now prevented by the collusion ex
isting between the attorney general
and the criminal trusts. If Mr. Knox
is permitted longer to prostitute the
department : of Justice to such, base
uses, the people will hold you respon
sible, for it Is within your power, Mr.
President, to retire him to merited dis
grace and fill his place with an attor
ney general who will 'enforce the laws
equally to ; the rich and to the poor,
without fear, favor or liope of re
ward. ' . : z:- - v;r
The letter states that the suit against
the beef trust was a vote-getting af
fair, and that the "brazen assurance"
of the anthracite coal trust only "deep
ens the feeling of the people that the
trusts have a friend at court In the
person of the attorney general." The
open letter concludes:
"Your assumption. Mr. President,
that 4th e cure for the oppressions and
robberies of the trusts Is to come from
some future congress enacting a new
anti-trust law does not come with good
grace from the chief executive officer
of the government, whose main duty
is to execute the laws now on the stat
ute books.
"But three courses are open to you
-either you must compel your attor
ney general to act; you must remove
him from office and appoint one who
will, or you must stand convicted as
indorsing his corrupt complaisance to
ward known violators of the law.
"The menace to the people's rights
and to the safety of, the republic from
the gigantic and lawless power of the
trusts fully, warrants us in using plain
language in this letter, and we feel
that we are entitled to plain and
prompt action on your part."
Senator Fred T. Dubois was at
democratic headquarters on Saturday
and was asked for an expression con
cerning President Roosevelt's late
Pittsburg speech, especially thajt fea
ture of it relating to trusts.
"That Is a closed Incident," said the
Idaho senator. "The very thing the
president asked for in his message
and said in his speech that he in
tended to enforce so far as the trusts
were concerned, which comprehend
ed publicity of their methods, was
turned down by the republican party
In the senate last February.
"During the discussion of the census
bill, it may be recalled, I offered an
amendment which covered exactly
what the president how asks for and
which was promptly killed by a strict
party vote."
To enable the director of the census
to perform the duties prescribed by
this section, true and accurate reports
shall be made to him annually by all
corporations engaged . In ' manufactur
ing, which reports shall state in de
tail the nature of the business or dif
ferent lines of business, if there be
more than one conducted by such cor
poration; the number of factories or
establishments owned or controlled by
it, the precise character of the busi
ness conducted" at each factory or es
tablishment, and the gross receipts of
such business; the amount of the cap
ital stock, and the proportion which
has been fully paid up; the surplus,
the operating expenses, wages, taxej.
both national and 6tate, together with
detailed statements as to the quantity
of its product or products sold for ex
port, the prices per unit obtained
therefor, the rebates, if any, allowed
upon products sold for export, and
the prices charged to dealers In the
United States; any and all agree
ments with other corporations, com
panies, or individuals engaged in
manufacturing the same or similar
products for the maintenance of uni
form prices, the limiting of production
or with reference to the wages of la
bor, and all arrangements with trans
portation companies tor specially ad
vantageous freight rate's.
Such reports shall be verified by the
president, manager, or chief officer of
the corporation," who, upon the demand
of the director, shall furnish such ad
ditional details as said director may
deem necessary to apprise him fully
of the nature and extent of the busi
ness and the methods applied in Its
management. A failure by the presi
dent, manager, or chief officer of any
manufacturing corporation to make
the reports herein provided for, or any
intentionally false statements concern
ing any matters set forth in a report
which he does make, shall for every
such offense be punished by a fine of
not less than $1,000, or more than
$5,000, or imprisonment for not less
than one month nor more than one
year, or by both such fine and impris
onment. "
All information thus obtained by the
director of the census shall be perma
nently filed in his office In convenient
and accessible form, be classified, and
published annually, i
A colloquy between Mr. Dubois and
Mr. Quarles, the latter in charge of
this permanent census bill, also ap
pears in the Record of that date. Mr.
Dubois said he trusted the senator
from Wisconsin would accept the
amendment and requested the secre
tary to read what President Roosevelt
said In his message to this congress
on the subject. The secretary then
read as follows:
"Treatment of Trusts. The first es
sential in determining how to deal
with the great Industrial combinations
is knowledge of the facts publicity.
In the interest of the public, the gov
ernment should have the right to in
spect and examine the workings of the
great corporations engaged in Inter
state business. Publicity is the only
sure remedy, which we can now ' in
voke. .. What, further' remedies are
needed in the way of governmental
regulation,1 or taxation, can only be
determined after publicity has been
attained by process of law and in tho
course of administration. The first
requisite is knowledge, full and com
plete knowledge which may be made
public to the world.
"Artificial bodies, such as corpora
tions and Joint stock or other associa
tions, depending upon any statutory
law' for their existence or prlvile&ca,
should be subject to proper govern
mental ; supervision, and full and ac
curate information as to their opera
tions should be made public regularly
at reasonable intervals. , ; ,
"The large corporations, commonly
called trusts, though organized in "ona
I IH0
ONE DAY ONLY
FRIDAY, AUG. 1ST
ADIEU FOR A TlttlE
, HEXT YEAR EUROPE
Will be -rlrited by the DARINQ MORSESIEM
bj whom erery phaae and feature or broi
horsemanship is aptly mnstraUd.
THIS YEAR
BETTER THAN
EVER
life.
111! L
H U H II I B B
II B ft
11 1 n n ri
NEW
FEATURES
JUST ADDED
From all narta of the world.
Maktaf It Richer In Educational Value.
STILJL, GREATER
I IN RGSOURCRS.
An exhibition ot extraor
dinary Interest, and
FULL OF
COW- XH If
. 1 1 ISM M M
BUYO,
MEXICANS,
Bucking BRONCOS,
amo AMERICAN INDIANS
Ulf II II K
"V Hi
Ml
C- 5se mWttmKMmaHfm1
The World's Mounted Warriors
MER1CANS,
BRITONS,
GERMANS,
ARABS.
WILD
WEST GIRLS,
CUBAN PATRIOTS,
ROOSEVELT ROUGH RIDERS.
Ilk
THS U. 8. COAST GUARD
Life-Saving Service
Presenting tor the fret
time the actul ar 19
and use of the
Grand Attfc
STREET fiaMPK Br
CAVALCADE
Led by
Col. W.F. Cody, Buffalo Bill,
And the great military pectacl.
THE B A T T L O
SAN JUAN HILL
Two Performances Dally, 2 and 8 P.M.
Rain or Shine.
Admission 50c. Children Under 9 Years 25c
Reserved Seats (Including admission)
$1.00
On Sale at Rigg's Pharmacy, 12th an4
O Streets.
I I CP
u a la.
ill
Typewriting robbed of fatigue
" by the
.New
Century
-4 " ... ... . i ,
REASON Nicely balanced mechanical
- - construction.
RES ULT Less labor and more work.
American Writing Machine Go.
415 South 15th Street, Omaha, Nebraska.
THROUGH YELLOWSTONE PARK.
The Burlington Route is organizing
a personally conducted -excursion to
and through- Yellowstone Park to
leave Nebraska points Tuesday, Aug
ust 5. " -' .
Uncommonly low rates have been
made for this excursion. The total
expense of the trip will be less than
$100. -
If you're Interested, write for a copy
of Illustrated itinerary to J. Francis,
General Passenger Agent, Omaha.
, When writing, to. advertisers do not
fail " to -mention The IndeDendent If
our advertisers don't treat you rig hi