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FEBRUARY 23, 1906
against Crow because of the kidnap
ping of young Cudahy.
John A. McCall, former president of
the New York Life Insurance com
pany died February 18. Worry over
the insurance disclosures is said to
have been responsible for Mr. Re
call's death.
Premier Campbell-Bannerman of
Great Britain has declared himself in
sympathy with .the plan to establish
a national system of old-age pensions.
Henry Gerald, the first editor of the
Omaha (Nebr.) Bee, died at San Fran
cisco,, aged 76.
The Commoner.
15
office of secretary of the treasury, Mr.
Gage became president of the United
States Trust company, which is as
sociated with the National City bank
Mr. Vanderlip became vice president
of the bank itself. New York American.
THAT BANK SCANDAL
The investigation Dy congress into
the very amazing relations of the
Standard Oil, or City National bank,
and the United States treasury, asked
for by Mr. Sulzer's resolution of in
quiry, is certainly essential.
It ought to be demanded alike by
former Secretary or the Treasury
Lyman G. Gage and Frank K Vander
lip, who was Mr Gage's assistant in
the department, botn of whom are
now in positions of financial profit
with the bank or its affiliated com
panies. The story is. .fairly well known to
New Yorkers, and, indeed, to the peo
ple of the whole country, most of
whom agree with Representative Sul
zer in describing it "the most scan
dalous in the history of our govern
ment."
In 1899 the old custom house in
Wall street was sold to the City Na
tional bank for $3,265,000. The City
National bank was a depository of
the national treasury, and therefore
paid out no r money whatsoever. It
credited the Unitecf State3 govern
ment with $3,215,000. The govern
ment made no demand for this money
as it had at all times rrom $15,000,000
to $20,000,000 deposited with this
Standard Oil bank.
As the government could not ex
pect a new custom house to be ready
for occupancy for some years it is
not ready now it proceeded tolease
the old property from the purchaser
at 4 per cent on the purcnase price,
or $130,000 a year.
Thus the Standard Oil bank re
tained the purchase price of the cus
tom house, which it could, and did,
lend out at interest, and collected
rent from the United States treasury
as well.
But it will be noticed that the bank
did not even in its oookkeeping pay
the full price agreed upon. Fifty thou
sand dollars was to be left unpaid until
the bank actually toorc possession.
What wasvthe meaning of this? Sim
ply that it was an astute device by
which the bank might avoid paying
taxes to the city of New York on this
property. It has not paid taxes yet,
J)leadlng that the government still
owns the property, and that federal
property can not be taxed by tho city.
The comptroller of New York esti
mates the taxes which the bank has
evaded at $80,000 a year. For these
delinquent taxes tho comptroller very
properly promises to sue.
The whole contract or sale to the
bank covers a period of ten years.
In round numbers, the amount of
profit which the bank will receive in
this time, unless the contract shall
be set aside, including rent, interest
on the money it did not pay the gov
ernment and saving its taxes, will be
over $3,400,000. At the end of the
period the bank will own the prop
erty and will have seen paid almost
$150,000 for having taken it. More
over, competent real estate experts
estimate that by that time tho prop
erty will have appreciated in value
more than a million dollars.
The officers of the United States
government who negotiated this bar
gain were Lyman J. Gage and Frank
A. Vanderlip. On retiring from the
4
IN OLD NEW YORK
It is the custom of tho New York
papers to sneer at the unRnniiieHnntAfi
doings of the people in other parts
of the country. Apparently, however,,
jiiufcinB ii-uui uiu revelations made In
tho evidence of Colonel Mann in the
libel case now on trial, many of tho
most prominent and wealthy men of
the metropolis were the easiest kinds
of easy marks for parties who merely
proposed to write them up favorably
or unfavorably, according as ihov
paid out their cash, ccnoronsiv nv tint
It is marvelous to read how easy it
was to get large sums of money
ostensibly as loans or In return fnr
certificates of stock whoso value bore
no proper proportion to the money
paid out. That the leaders of New
York society should have been held
up in this way argues ill for their
common sense, and at the same time
shows the total lack of real value to
the utterances of the so-called society
journal. Pittsburg Post.
(J J
Why r th QUEEN Incubators Aak nny of the tlious-
x , . i- nnrts of customers
tvccptod txa th standard? who Insist upon hav
ing tho OUKKN mid who rnfuso to buy any othor mnclitno.
Thoy KNOW and will toll you tho QOEKN Is cirtnln to hatch
BtronR and honltliy chlckn tlmt It Is tho ono Incubator that Ih perfectly
ventilated that It 1 tho boot machlno you can buy. '
You MAY .A8 Welt. Havb ONK for wo aro soiling them at prlccH no
higher than you aro asked to pay for inferior machines what'H tnoro, If you
aro not entirely HatlHllcd tho monoy you paid Ib not ours but yours and
wo'll cheerfully refund It. Wrlto for FIttiB catalogue.
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E n. E. CHAtUERS a. GO., aSS Ooarborn SI., CHIOACO.
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PRINTER WITH A PALACE
J. P. Nannetti, the lord mayor of
the Irish capital for 1D0G, is the fore
man printer on the Nationalist Free
man's Journal. He has long heen the
leader in the Dublin trades council, is
a member of the corporation, and rep
resents the College Green division in
parliament. He still nightly does duty
in the Freeman office, tnough he lives
in Dublin's palatial mansion house,
has a salary of $17,600 for the year,
and ranks during the tenure of the
lord mayoralty as a privy councillor
with the title "rteht honorable." His
father was an Italian compositor who
settled in Dublin sixty years ago
Dublin correspondent New York
World.
OOOOOOOOCXXXXXXXDOOOOOOCOCOOOOOOOOOOCOOOOOOOOOOOOOOO
Do You Read?
Gladstone Said :
r
ONE-ARMED APPLAUSE
Mme. Bernhardt had just returned
from a spin in a motor car. Her face
was flushed, and she wore a skirt of
sealskin.
"Madam," said a reporter who
speaks French, "what do you regard
as the greatest triumph of your ca
reer?" The great artist smiled.
"My greatest triumph?" she mused.
"Well, I think perhaps my greatest
triumph was in Paris, on the first
night of 'JJ Aiglon,' at the end of the
third act.
"The third act was passionately ap
plauded, but, as I stood before the
curtain, the applause was drowned
under a burst of laughter.
"The laughter came from the top
most gallery. The audience's eyes,
and my eyes too, were turned rq
proachfully thither. And as we looked,
the reproach died out of our faces.
For what do you suppose we saw?
"We say two one-armed men stand
ing up in the front row, side by side,
quite oblivious of tho amusement they
created, co-operating with their re
maining bauds to add to the applause."
Minneapolis Journal.
"Books aro a delightful society. If you go into a room and find it full
of books, without even taking them down from their shelves, they
seem to speak to you to bid you welcome. They seem to tell you tnat they
havo got something inside their covers that will be good for you, and that
thoy aro willing and desirous to impart to you.
"Another purpose of books is to enlarge the mind, to braco tho mind, to
enablo the people to find pleasure, not only In tho relaxation ef literature,
but in hard work, in tho stlfC thought of literature. Tho hard work of
literature conveys to those who pursue It In sincerity and truth, not only
utility, but also real enjoyment."
"UNDER OTHER FLAGS"
By William J. Bryan
Tills book is a compilation of Mr. Bryan's reports,
describing Ills European tour and a number of his
most popular lectures. His European letters are four
teen In number, descriptive of the tariff debate in
England, Ireland and Her Leaders, Franco and Her
People, Tho Switzerland Republic. Germany and
Socialism, Russia and Her Czar, "Tolstoy, the Apos
tle of Love," together with other and equally inter
esting accounts of Mr. Bryan's trip abroad.
EUROPEAN
TRAVELS.
LECTURES,
SPEECHES
Under Other Flags, Neatly Bound in Cloth, 400 P. Octavo,
Postage Prepaid $1.25
With The Commoner One Year . $1.75
AGENTS WANTED
Address, THE COMMONER, Lincoln, Neb.
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