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SANTA FE FORECLOSURE
lads Caldwell nd Eminent I.awjerw Id
t'onfrrrnce.
Topeka, Kan., Au;r. 28. Jadg
Henry C. Paldwellof the United States
ilrcuit court, the attorneys, receiver,
railroad officers and other interested,
were all in the city early this fore
Boon to take up the foreclosure of the
Atchison Topeka and Santa Fo rail
road. Besides Judge Caldwell there were
present Receirers Joseph C. Wilson,
John J. Cook and Aldaee F. Walker;
George R. Peck, general solicitor of
the Santa Fe system, and E. D. Kenna,
who, after September 15, will be gen
eral solicitor; Rossington, Smith and
Pallas of Topeka and Wheoler II.
Peck ham of New York, attorneys for
the Union Trust company, which
holds the first mortgage bonds;
W. W. Greene of New York, at
- torney for the Mercantile Trust
company, which holds the second
mortgage bonds; J. I). Springer of
Chicago, attorney for the Chicago Ele
Tated Terminal company, which holds
an intervening petition in the case,
but which was not discussed to-day;
Victor Moravitz of New York, attor
ney of the reorganization committee;
A. A. Hurd, general solicitor of the
Canta Fe for Kansas; I). B. Robinson,
president of the Santa Fe; Mr. Gillette,
general auditor; J. J. Frey, general
manager; J. B. Johnson, special mas
ter in chancery; Colonel Cyrus K. ilol
liday, a large holder of stock and the
originator of. the Atehl.son, Topeka
and Santa be enterprise. Many spec
tators and newspaper men also (rath
red to hear the final order of the
court that it is hoped will put the old
roau on its met again and ultimately
restore it to its original rank in rail
road enterprises.
Judge Caldwell sat in chambers, se
lecting the parlor of the Hotel Throop,
ana trie uetaiis were arranged in a
conversational way. Tde lawyers
were around the Judge, who occupied
a low rocking chair at a small table.
Back of the attorneys sat the receivers
and officers of the road, and at the out
ekirts of the group the spectators
found standing room. The proceeding
was without formality, the court en
tering into a friendly discussion of the
points presented to him.
The decree orders the sale of the
road under the first mortgage and pro
i .yides also for a foreclosure of the second-mortgage
and for the protection,
by agreement, of allpurties in inter
est, of the holders of that mortgage.
It names Judge John B. Johnson, who
has been special im-jiir in chancery in
the case, as special master to sell the
property. The date of the sale will be
fixed by Judge Johnson when he ad
vertises it. Then the cdUrt will have
to make an order confirming the sale
and it will not be until about tnt. first
of the year when the receivers will
turn the property over to its owners. '
The St. Louis and San Francisco and
the Atlantic and Pacific are not in
cluded in the decree. They will con
tinue in the receivership. This is on
account of the quarrels which have
been forced by some of the bond
holders. The Santa Fe system proper, which
by this decree will pass back into the
hands of its owners, might, lil-e these
roads have, been kept in receivership
indefinitely if the parties in interest
had chosen to quarrel, but fortunately
a peace was patched up with the
holders of the second mortgage bonds
and all consented to a decree in fore-
closure. ,f
i..Tiw piau 01 reorganization
new eouritie lr&
viu WJUBUUH. ' rtCVmnn .1,.U
" ' V Jy&red Stock, 5 per Vnt
oon-iniimuauve, :ii,(i,ouu; general
mortgage per cent juo-vear cold
' bonds, $98,890,482; 4 per cent joo-year
adjustment bonds, 851.728.310: miscel
laneous bonds, 81,5G3,030; prior lien
oonus (ii exenanged), 812,020,414;
vnicogo and St. Louis railroad,
nrst mortgoge, 51,500.000. The
100-year gold bonds take the place of
me original nrst mortgage of gltf.0,324,
000. The five percent preferred stock
is in lieu of the income bond debt fas
tened upon the property by ex-Presi
dent Reinhart. This will not begin to
near interest, uniu l'JW, by which time
it is hoped the earnings of the proper
ty will be sufficient to meet the new
charge. The proposed fixed charges
are $4,528,547.0(1 Bgainst $.), 526,082. 85.
The net earnings of the Santa Fe
system proper as shown by Expert
Little's report of the fiscal year
ending June b0, 181(4, were
$5,948,015.60. The net earnings of the
year ending June 30, ma, as per the
ompany' own report (which is found
to have been false) were for the
entire system $l2,7l0,74t; the gross
earnings for that year, SU,313,54;. Mr.
JLirfle found the gross earnings of
Tthe Santa Fe proper tfo have been
for the year ending June 30, 1S!)3, $37,
052,854; for the year ending June 30,
1804, $J0.425.S03. The mortgage upon
which Judge Caldwell's order of sale
was made to-day is an original S130,
344,000 first mortgage.
THOUSANDS OF VETS.
The Baiter Spring! Gathering ThU Till
Eipected to Break Record.
Baxtkb Springs, Kan., Aug. Si
Over 3,000 poople are already in Camp
Logan, where the great reterans re
union opened to-day. About 2,000
tents are already up and barracks are
being constructed m fast as possible.
Henry Watterson, David Overmyer,
Mayor Webster Davis of Kansas City,
Senator Lucien Uaker, Mrs. Lease, ex
Senator John J. IngalU and others
will speak, the famous Kansas Coyote
Glee club wiil sing and the female
brass band will play. The average
daily attendance U expected to e:;ceed
40,000. "
El-Ucvernor r:inileil Kiplnln:!.
Massh.lon. Ohio. Aug. 8. Kx-fior
ernor Campbell was askei to harmon
ize his exp so l willingness '' to
"chance I." on a ireo Kllvor platiorm
lour yearn ago and hi candidacy this
year on a gold st.itulnrd platform. Ho
met the inquiry by wire as follows:
"Hamilton. Ohio. Aug. 25, l8n.,.
"I did not f;tv(,r fr.-e coinage by the
United iStates alone four rears ago,
oordo I now, aMmugh I oni an inter
national bimetallic What I said four
years ago was that I would take the
chances of election upon the platform
as I found it. James H. Campbell."
Senator Allen's ideas about
"practical politics" are all right.
That's what we need.
The convention made no mis
take in electing Frank D. Eager
as state secretary.
The way Paul scratched Clem's
back and Clem scratched Paul's it
looked like a mutual admirtion so
ciety. Capital, (money) being the root
of all evil it naturally follows that
all it ever created was a consider
able amount of hades.
Judge Stark, of Aurora, the new
state chairman, is too well and
favorably known to need any com
mendations from us. His popu
lism, character and ability are above
question.
Wouldn't you think a man a
fool to pay $i for sufficient mate
rial to make a pair of boots, when
he could do hptter with one-twentieth
the amount? That's just
what Uncle Sam is doing with his
gold dollars.
Laboring men and farmers don't
you know that corporate wealth
and greed is pulling together from
every quarter of the globe; that
capitalists and monopolists of all I
parties and all countries are play
ing into eaqh other hands and for
each others benefit, and that un
less you laboring people wake up
and resort to the same scheme lhat
there is nothing but slavery for
you and your children in the fu
ture? There is only one thing for
you to do and that is to do your
own thinking. And when a man
begins to think he most always
joins the populist party.
Dispatches from Washington
announce that the admistration has
read Mr. W. J. Bryan and his free
silver followers 6ut cf the demo
cratic' party and will recognize
only the rump convention of gold
bug postmasters which will meet in
Lincoln Septembar 5th. WJjatwlli
Mr. Bryan and his f Olivers do"-1
vvm nc ncip mr. v-Jveland to es
tablish permanent v0ld bug ruie in
Nebraska Ibiy'ffa the republican
party by Xeyfu& up : fourth or
gamzatior. "which uil be only an
ally oyTr. Cleveland and the re-
JVmcaus by absorbing votes that
, . . , ., ,.
1 terwie ue cast ior uie populist
lis political belief, so are nine
tenths of his followers. The pop
ulists will welcome to their councils
and cheerfully share with them the
toils and triumphs of the most pat
riotic conti st ever waged by Amer
ican citizens.
'Kelurn, oh wanderer, return.''
Oxk great draw back to the so
lution of the money question and
the abolition of the national bank
ing system the bankers have 90
per cent of the business men of the
country where the hair is short
slaves to the money power like the
commonest street laborer. And
there is nothing quite so subserv
ient as the money slave, 'Rah for
the old party, you blasted hidiot.
This is the grandest (?) govern
ment the sun ever shown upon.
Here we shelter, clothe and feed
our worst cnmina s: eive them
' o
medical attendance and pay minis
ters to look after their spiritual
wants, all at the expense of the
state, while we turn hundreds of
thousands of honest laboring men
and their families into the streets
to freeze, starve and die of privc-
tion and want. Haven't we reached
glorious state of civilization,
though? Oh, that grand old party.
Do not our republican and dem
ocratic friends feel a little ridicu
lous when contemplating that
$ 1 00, 000, 000 gold reserve? There
is a little pile of gold in a govern
ment vault; all the people are told
they must keep their eyes constant
ly upon it, for the moment it is the
leart diminished, that moment dire
disaster will hang over them and
their wives and children. The spec
tacle of 70,000,000 of people with
their eyes upon that littic pile of
gold, frightened if it shrinks, hilar
ious with joy if it expands, will dis
count anything ever recorded of
heathendom. Oh! you civilized
fetish worshipers. The kneeling
pigtailed Chinese in a joss house
are not as ridiculous as you are.
Senator Allen is a very dignified
and corteous chairman.
We added one hundred fifty names
to our list this week but we must
keep them coming. Send us in a
club from your neighborhood.
Write for terms to agents.
M. Wagner & Co., the enterpris
ing butchers at 145 South Tenrh
are giving their customers an ex
cellent quality of meats at lowest
possible figures. All choice meats;
no bull beef or old cows. See
their price list in another column.
The first campaign lie we'vd
heard comes from the republican
side of the house to the effect that
Elias Baker is an A. P. A. It's not
necessary to make such a charge
against Sam Low. He carries his
ear marks too plain.
The railroad influence is for
Cornish and against Hall for his
vote on the maximum rate bill. The
edict has gone out from railroad
headquarters that Hall must be
turned down as the republicans
do not expect at best more than
two judges.
The young republicans must have
a chance in Lancaster county this
year as the old wheel horses of the
party have been turned down.
There is no pla:e on the band
wagon for the old country savers.
Is it true that in case of Sam
Low's election, which is not at all
probable that ex-State Treasurer
Hill is to be he his deputy? And
in case of the failure Sam's health
will be the district clerk? That's
what they say.
That Fred Miller has been a
very efficient sheriff for the past
two years is admitted on all sides
and the majority he will receive
will show how heartily the people
endorse his administration
The d n the platform party has
no hopes"of carrying its candidates
thrtfugii 'his (all. , They shot their
wad 'fiy-the .jVinunes.
l"ne H -'Aman Enterprise, speak
ing of a game of base ball at Firth
says "the enterprise force turned
out full." That's bad; the boys
ought to keep sober when they go
away from home at least.
Boys, you want to get after Al
Cornish and get a bundle cf dad's
boodle before the campaign is
over. Al is in in it for "blud."
For an all around, wide awake
rustler, Charley Hoxie takes the
bakery. To his untiring efforts is
largely due the success of the con
vention. Nothing was left undone
by Mr. Hoxie to add to the event.
Iloxie's all right.
The republicans of Lancaster are
not entirely dead. The candidates
and a few of the faithful met at the
office of A. J. Cornish Monday
evening and eiected Paul Clark as
Chairman. Ed Sizer and J. D.
Knight wanted to be chairman but
neither of them had the "pull."
Tiik republicans have been hav
ing a good time looking at the row
in the democratic party over the
money question, but now their
time has come. The Pennsylvania
convention met the other day . Don
Cameron has been making the
fight of his life there. He voted
against the repeal of the Sherman
act and Wall street got after him
with several red hot pokers. Don
thought he had a cinch on his own
state but has found out that he
hasn't. When his convention met
this is what they said; "This con
vention hereby declares its opposi'
tion to the debasement of the nat
ional currency by the admission of
silver to free and unlimited coinage
at the arbitrary ratio of 16 to 1."
Come home Don. You do not
belong to the gold bugs and there
is no place for you in this vale of
tears except the populist party.
Iowa has the promise of an im
mense yield of corn, according to
government reports, the largest
crop ever raised in the state, but it
will take 60,000,000 bushel t pay
the interest on the mortgages on
land alone; add to this the amount
that goes out to pay interest on
chattel mortgages, farm machinery,
city, county and school district
debts, and then ask yourself if any
community can be prosperous with
such a drain on its resources?
David City Advance.
And Iowa is considered to be
one of the "best fixed" statcs.finan-
cially, in tliil west. If this
condition prevails there how does
Nebraska fare?
Letting Prison Labor.
We observe that the board of
public lands and buildings is pro
posing to lease the prison labor of
the penitentiary to the same old
gang that has controlled it from
the first. The state, in order to get
rid of the contract system, appro
priated $35,000 at the last session
of the legislature to pay Dorgaii.or
whoever was the owner of the con
tract, for all claims upon the state,
so that the state might operate the
penitentiary itself. This can be
done at a profit without any ques
tion, but the leeches who have
been sucking the life blood of the
state for more than twenty-five
years would be compelled to en
gage in other business, hence the
present board of public lands and
buildings propose to ignore the
wishes of the people of the state
and their law and lay the founda
tion for another appropriation to
purchase the new proprietor's
rights. The warden of the peni
tentiary has shown himself to be a
capable man who, if allowed to
manage the penitentiary, would
make it self sustaining; but this
appears to be what the board de
sires to prevent. The state has
submitted to the disgrace of hav
ing private contractors herd its
prisoners from almost the first day
of. the organizatien of the state
until now. Ihe prisoners have
been shabbily dressed and not any
too well fed, and the state has paid
40 ceots per capita per day and
given the labor of the prisoners
for the support. If ' the prison
was properly managed itis believed
it could be made self supporting;
and the heavy taxes now levied for
its support would not be necessary.
The notice to relet the labor of
the prisoners was published in an
obscure corner of the Lincoln Jour
nal, evidently intended to escape
attention and thus avoid comoeti
tiou. The people of this state it
appears, must suffer imposition
until they lect men who will work
for their interests and not in the
interest of contractors or for the
success of some particular party
chum. Fremont Leader.
What Did Christ Teach.
Did Christ teach the building of
the many thousand and million
dol iar church edifices while human
beings were starving underneath
the shadows of these same fash toll
able structures?
Was Christ owuedand controlled
by the money power of his day, as
most of our ministers are of today?
Did Christ, as many of our min
isters du of today, demand of the
poor that they should "praise God
from whom all blessings flow,"
when fainting, and falling from
starvation?
Did Christ decree that only the
fashionably dressed should attend
divine ( ?) worship?
t 1
Did Christ fall on his knees to
the rich and scorn the poor?
Did Christ parade his name to
large missionary funds while men
were starving in Lis own land?
Did Christ, in broadcloth and
diamonds, from costly pulpits, de
nounce the oppressed as anarchists
and traitors because they asked for
bread and justice r
Did Christ tell the masses of the
people to spend all their time pray
ing, while their Shylocks, ever alert
and on foot, were putting every
effort possible to rob them of all
necessary earthly sustenance?
Yea, if Christ should come to
earth would h not blush for a
greater part of that which is done
"in his name"? Luella R. Kray
bill, in Winfield Free Press.
Christ Was No Usurer.
A car started from Omaha Mon
day, carrying a delegation of Chris
tian Endeavors to the great con
vention and on the car was a pla
card reading, "Nebraska for
Christ." I am afraid that these
young christians will cause more
ridicule than devotion by this ex
hibition of their enthusiasm. Itis
not good policy to tell a falsehood
and repeat it at the rate of forty
miles an hour all the way from
Omahi to Boston.
Nebiiska is not for Christ, with
her thousand saloons, her race
course, her gambling Lolls and
1
1,000
Pairs
On The Dollar At
1039 O Street,
MM
J, W. SMITH & CO.,
- DEALERS IN
Canned Goods, Flour, Butter, Eggs, Etc
PHONE 448.
16 To 1 CIGAR FACTORY
WILL SEELENFRUND, Prop.
16 TO ONE." "GOLD SEAL"
"NO NAME."
Rooms 19 & 20, McBride Blk., LINCOLN, NEB.
Cor. 12th and P Sts
places of still worse resort. Ne
braska is not for Christ, with her
corrupt politicians, her grinding
landlords, her heartless usurers
and her open wickedness in high
places. No, those young christians
are badly mistaken; Nebraska votes
the other ticket by an immense
majority. Central City Democrat.
Abject destitution is soordinary
a thing that mere allusion to it be
comes trite. Every man, woman
and child knows it is better to be
cast homeless in the Patagonian
wild than shelterless on the streets
of a great city. Philadelphia, how
ever, whose reputation as the city
of homes seems rapidly becoming
a piece of delicate ironV, is likely
to lead every center ofj population
in the world as the headquarters
of misery. Starving V01nen and
children are amazingly numerous
there. On Wednesday! last a po
liceman found a womaii and her
children deserted and starving in
an old stable in the Quaker City
me momer ana tneiiiitie ones
were huddled together ill a loft in
of Pants at
LOTHIfJG
tfniiu V
DBUUUb D
346 S 11TH STRELf.
pitiable want. The children were
without clothing; and so frightened
at the sight of human beings that
they went into fits. The only bed
ding they had was some hay on the
floor. Their little hands and faces
were pinched and dirty and their
stomachs were too week from hun
ger to hold warm milk. The eldest
child was six years old. The young-!
est was three. The third was de '
mented for want of something totX
eat. Hunger had incapacitated the
mother from earning anything.
This is worse than a similar case
we reported a week or two ago. If
the polar regions "reverberate
horror as if 'twere sound," what
does civilization do? Twentieth
Century.
When Paul Vandervoort was
making his great speech on the
A. P. A. racket Wednesday night
he went on to tell how long he had
been a populist when some one in
the rear end of the house shouted,
"What are you now?" "pm a
rcpub " shouted Paul and the
house roared. The audience be
lieved he was telling the truth then
if he never did before.
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