rx?T:;WW?'yw'Tr? """? tjpw" -
The Commoner.
I1UGUST 21, 1903.
if
rw V9XWJ. Wj9P57","'W '
pany, with a capitalization of $1-1,000,-000
of 8 per cent preferred stock, and
54,600,000 of common stock, on -which
12 per cent ia now paid.
The Continental Tobacco company is
second. It was organized December
10, 1898, with ?o0,000,000 of common
Block, on which 10 per cent is paid,
and $50,000,000 of preferred Btock, on
which 7 per cent is distributed. This
company issued also $2,000,000 of de
bentures for the purchase of the P.
Lorillard Tobacco comnany. in ex-'
change for the Lorillard preferred
eliares. It also bought the $3,000,000
of common stock of the Lorillard com
pany. The common stock of these two .par
ent companies are controlled by a
holding corporation known as the Con
solidated Tobacco company, which ha3
an authorized issue of $40,000,000 of
common stock, on which a dividPnd of
20 per cent has been paid. To buy the
common stock of the two controlled
companies it issued $166,593,400 of 4
per cent debentures, and . exchanged
$100 of these for each share of com
mon stock of the Continental com
pany and $200 for each common share
of the American company. It de
pends upon the dividends these two
flocks receive for tho payment of the
bond interest, but it had a surplus
cf $950,216 on December 31, 1902, after
paying the interest on the debentures
and the dividends of 20 per cent on
the consolidated stock.
The American Cigar company, with
510,000,000 of stock and $10,000,000 of
gold 4 per cent notes, is another sub
sidiary corporation. It was formed
to control the cigar trade.
The American Snuff company, with
at authorized preferred stock issue of
12,500,000 and a common stock issue
of the same amount, was formed, in
1S00. On the preferred shares 6 per
cent is paid and oh-the common 2
per cent was paid last January.
'TherHayatia 'Tobacco company, with
a capital of $5,000,000 of preferred
etock and $30,000,000 of common stock,
and debentures authorized to the ex
tent of $10,000,000, was organized to
buy up the Havana Commercial com
pany in order to control the Havana
leaf trade.
This vast aggregation of capital
amounts in its entirety to $457,093,400,
of which by far the greater part is
represented by the profits squeezed out
of producers and consumers. This is
an extraordinary testimony to the
money that is to be made in the work
ing up of one of Kentucky's chief
etaples. The interests which produce
and market this commodity are de
eerving of better treatment than they
have received so far, and it would be
well for the managers of the tobacco
trust to be more liberal in their
prices. The. profits are immense, be
yond a doubt; and the opportunity to
engage in such a remunerative busi
ness ought to be rewarded with lib
eral treatment. If not, the growing of
Kentucky's great staple will be dis
couraged, and in due time there will
arise the mighty power of public
opinion that will teach Mr. J. B. Duke
a.lesson of which he and other trust
formers stand in need. On the other
hand, a recognition of the rights of
the producers will further good feeling.
Louisville Courier-Journal.
A Macedonian Cry.
It is said that the Macedonian lead
ers declare thai unless the powers in
tervene the war in Macedonia against
the Turkish power will be prosecuted
to the end. On August 13 it was re
torted from Salonica that the Bulgar
ian insurgents had massacred the in
habitants of the large Turkish village
of Kittini, near Monister, and that
enly twenty Turks escaped. The
Macedonians in Greece petitioned for
permission to cross the frontier with
ar army in order to join their brethren
in resisting the Turks, but so far this
permission has been refused.
A College Education!
Within Easy Reach!
The Commoner's Great Offer!
Every Young Man and Young Woman should endeavor to secure a Good Education. In many in
stances the expense is a bar, at least to more than may bo secured in the Public Schools. Tho Com
moner has arranged a plan whereby any industrious Young Man or Woman may earn onough to pay for
a college course. The plan ig simplo, tho work comparatively easy, the results suro if the work in fol
lowed earnestly.
Your Choice of Schools.
Arrangements havo been made and arc being made, with some of tho loading Educational Institu
tions of the country, so that Young Men and Young Women may select a college near their own homes.
Here are live well known Institutions that arc included in Tho Commoner's Great offer.
McKendree College,
LEBANON, ILLS.
Founded 1828. McKendree Hypes Chamber
lain, A. M., LL D., President. A Methodist
School. Courses of Study: Mental and Moral
Philosophy, Greek, Latin, German, English, Sci
ence, Mathematics.
Baylor University,
WACO, TEXAS.
Founded 1845. Samuel Palmer Brooks, Pres
ident. Offers courses of instruction leading to
tho degrees of Bachelor of Arts, Bachelor of Sci
ence, Bachelor of Philosophy, Bachelor of Letters.
Leading Southern University.
THE LINCOLN ACADEMY,
Lincoln, Nebraska.
Preparatory, to Universities of Nebraska and Iowa.
TAUGHT BY T 7Lf HODGMA JSf LANGUAGE, S CI-
UNIVERSITY 1Y1- LKSJSiUriVlJ-l.lV, ENOEMATHE-
G R A D U A T E Associate Professor of Mathematics, Uni. of Nebr.. MATTPq athtt?t
SPECIALISTS PRINCIPAL. I OS, DEB AT E
' WASHBURN COLLEGE, .
Topcka, Kansas. Founded 1865.
Norman Plass, A. M., B. D., President.
A NON-SECTARIAN SCHOOL,
A Medical College, School of Law, and Departments
of Fine Arts, Oratory and Architecture, with the Usual Classical and Scientific Courses.
LOCATED AT UNIVERSITY PLACE, A SUBURB OF LINCOLN.
METHODIST.
FULL COLLEGE COURSE.
Wesley an Uni
De WITT 0. HUNTINGTON, X. D., Chancellor.
Lincoln, Neb.
Splendid Surroundings
Beloit College,
BELOIT, WIS.
Founded 1840. Edward D. Eaton, D. D., LL.
D.y President. Classical, Philosophical and Sci
entific courses.
Westminster College,
FULTON, MO.
Founded 1853. John Henry McCracken, A. M.,
Ph. D., President. A Presbyterian school offer
ing full college course. Numerous prizes award
ed for scholarships.
For Full particulars of these colleges, write the presidents named. Do you want a college educa
tion? Write The Commoner for Full Particulars. The offer will enable you to pay every expense in
eluding Tuition, Board, Laundry and Books. Do not delay. Address '
THE COMMONER, Lincoln, Nebraska.
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