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ROBERT GOOD Editor tnfl Prop
VALENTINE
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NEBRASKA
Boston Is perfectly patriotic now
citn her red brjcbuildiixjjs her white
mbway audlier bitfbst5olfigs
After si riiaii fias gnawed a good old
ashioned hard tack for an hour he is
21 a mood to remember pretty- nearly
wything -
The St Paul Dispatch says A one
trmed athlete has been walking around
he earth Well thats an armless
sort of amusement isnt it-
Why shouldnt Hon Joseph Cham
berlain believe in an English alliance
Aith America Such an alliance has
worked all right in his own case
It is said now that the German Em
peror designs many of the Empress
gowns He Is able to do anything
from directing his nations destiny to
3ress mikJug
The Denver Post complains because
a Colorado poet has made Dewey
rhyme with glory Why find fault
with that It is a deed to be proud of
ow did he do it
VSi
A Western paper says the tubercu
losis has been communicated to dogs
ty French bacteriologists The only
way a dog can be absolutely safe is to
refuse to associate with such persons
A contemporary clears up a doubtful
natter in the following lucid manner
The name of the Spanish admiral at
Uontijo and as Montojo It is doubtful
30 Montijo and as Montojo Ho ho
Is that so
The authorities In Washington per
petrated a neat swindle on the Span
iards in Cuba Blanco has been in
duced to exchange two American news
paper correspondents for a Spanish
colonel and a physician
Om Naval Academy which has vin
dicated its existence abundantly in
limes past has done it again in the
splendid gunnery of our naval officers
he theory and practice of which are
very thoroughly taught at Annapolis
The decadence of Spain is illustrated
jy the fact that from having beeu
oiice the possessor of much the great
est part ofNorth and South America
ihe has not now a safe coaling station
ud before many months she will have
lost those she nominally owns
The sense of proportion is a fine thin
to cultivate in these times There
were heroes before Agamemnon ever
though there were no hysterical news
papers to declare it Ana Dy the way
f everal brave deeds were done in this
very country some thirty five years
The titles of the King of Spain sug
gest a large part of the history of the
world He Js King of - Jerusalem
which is Turkish of Navarre which is
French of Gibraltar which is British
ind of the East and West Indies which
are largely British Duke of Brabant
ind Count of Flanders now the two in
dependent kingdoms ofk Hqlland and
Belgium and sovereign of numerous
other lands long since independent or
ander vthe undisputed sway of other
powers He bears upon his person
Indeed an epitome of the glory and the
Jail of Spain
An intelligent effort is being made to
convince European nations -that v corn
read asthe Yankee said of punkin
pie is wholesome Vitals Some
Headway is being made and since the
Cnited States produces more than two
billion bushels the export supply may
e regarded as equal to any dctnand
he corn evangelists -operating In Eu
ope can create The royal family of
Denmark takes kindly to corn and
when fully converted as seems prob
ible a European cornrfed aristocracy
may be created
j
In New York the great difficulty of the
lot farms committee In previous
fears has been the obtaining of suf
Scient land for the farms but this
fear it has for use during the summer
three hundred and twenty acres of
nd in Pelham Bay Park This is now
die fourth year that the vacant lot
arms have been carried on in New
YorklCity Each year a small number
menhave been so trained in the
first principles of agriculture that they
iave expressed unwillingness to take
positions in the country and some few
heads of families have done so Thus
the vacant lot farms afford a kind of
farm training school
China has at last made its first con
cession to an American company The
Secretary of Statehas received notice
hat the American China Development
Company has been permitted to build a
railroad from Hankow on the
River to Canton in the Prov
ince of Quong Tung and thence to the
Bea The line will be 900 miles long
and will run through provinces tribu
tary to a population of nearly 90000
D00 people The company now is nego
liating for extensions to the main line
which it is also believed will be grant
ed With a view of enabling the Chi
nese ultimately to construct and oper
ate railways tee American China De
velopment Company is to establish a
school of practical instruction in rail
ways where Chinese shall be educated
In questions relating to railway con
struction operation and management
All materials and apparatus for the
proposed road are to enter the Chinese
empire free of duty in a manner simi
lar to that adopted in the case of the
railway now running west from Tlen
Tsln The grafting of this concession
serves to emphasize the importance of
our recent operations at the Philip
pines
The conditions at Australia and the
Philippines show the differences in the
methods of government practiced by
Great Britain and Spain In Australia
practically the same civilized condi
tions exist as in England and every
thing that can be done to reform the
natives Is being done But there are
no cities in Europe that are more fine
ly built than Sjdney and Melbourne or
which enjoy a higher civilization In
the Philippines with the possible ex
ception of Manila where the presence
of a few English German and Ameri
can residents give some signs of civili
zation the people are in the same prim
itive condition now as when they came
under Spanish sway three centuries
ago Nothing whatever has been done
to develop the vast revenues of the isl
ands or to educate and civilize the peo
ple All the means of public instruc
tion arc in the hands of religious so
cieties which use every effort to keep
the natives in ignorance that r they
may be the more easily dominated and
oppressed The people are1 robbed that
none may accumulate property enough
to send their children away to be edu
cated It is through the few that have
been sent abroad that the late revolu
tions Jiave been encouraged and the
natives madeto lealize the tyranny
and despotism of Spain
The American people lack something
of a quality which is certainly good for
the general communitythat of tenac
ity In the defence of the small individ
ual rights which the greater rights are
sometimes found to depend on in the
end The American is apt to ask him
self Will it pay to resist an infringe
ment upon his rights If it is not like
ly to pay he usually submits to the
outrage Englishmen on the other
hand are tenacious of their rights as
against corporations or public ser
vants even at great cost to themselves
Frenchmen can also on occasion show
a like spirit A good example of it has
lately been brought to the public atten
tion in Paris A business man forced
by a misadventure to wait an hour and
a half at a railway station took up the
table of rates and charges which the
railroad company was required to keep
open to the public He found that the
advertised fare for the trip he was
abont to mate v as twentj nine francs
and ninety live centimes whereas the
fare usually exacted was thirty francs
When he bought his ticket he offered
twenty nine francs and ninety five cen
times the agent refused to give him a
ticket He paid thirty francs under
protest and after his return to the city
demanded the return of the excess
about one cent in our money The
company refused to refund It He
sued the railroad company for restitu
tion and won his case The company
appealed and the first decision was
w imf Court oiWBlWWirnelnghest
court open to Mt Again the decision
was in the citizens favor the company
was ordered to restore the cent to him
and to lower its fare to the prescribed
figure The litigation cost the company
more than three thousand francs and
the citizen about a thousand He had
vindicated a principle and ho doubt
considered himself well repaid The
citizen perhaps1 in oar country
be called a kicker but he was kick
ing in the service of the
and the community owes hfin its sin
cere thanks for his self sacrifice
The Koreans are exhibiting the wild
est delight- over the announcement that
their king is about to marry This act
on his part means more to those peo
ple than is commonly supposed by
such as are ignorant of some of the
curious customs of that -people The
king takes precedence in all matri
monial affairs for so long as the king
is single no marriage may take place in
his domains -among -his subjects All
good Koreans therctforejwXooliey the
letter of the law religiously and patri
otically postpone their weddings until
the king has taken a spouse unto him
self Among the common people this
law is not strictly obeyed but among -the
nobility and the better class of
people no one would think of- marry
ing before the king as such a violation
of the law would cause the offender to
lose caste But marriages are arranged
In Korea without reference to the par
ties to it -and falling In love is a
thing of which a Korean is never
guilty Since the murder of the queen
some two years or more ago none of
the members of good families have
married and the people more than a
year since became so impatient for
the king to wed that they expressed
their discontent openly The kings ad
visers made known to him the dissatis
faction among his subjects and he be
gan the work of hunting up a wife
Although he is over GO years of age
his choice was the daughter of a noble
man who had not reached her sixteenth
year His ministers objected to the
king making that kind of a fool of him
self since it is against the time honored
customs of the empire for the king to
take a wife so many years his junior
The advice of the ministers prevailed
but while the king abandoned the
maiden he could not be induced to look
with favor upon any of the others
whom his advisers presented for his
selection This set the people again in
a rage and finally the king delegated
to his advisers the power of selecting
a wife for him without his interfer
ence This selection has been made
and the future queen of Korea is re
ported to be very handsome according
to Asiatic ideas of beauty and about
30 year of age
No man should be proud no man
ever lived whose neighbors didnt pity
his wife
S
HOUSE FOR HAWAII
CONGRESSMEN ADOPT ANNEXA
TION RESOLUTION
Eighteen Democrats Join In Making
Up the 209 Ycna While Three Re
publicans Are in 01 Naya Roll Call
on Party Lines
Favor an Island State
Washington special
The Hawaiian debate which continued
in the House without interruption from
Saturday until Wednesday was one of
the most notable in this Gougress Ha
waiian annexation being considered of
groat commercial and strategic impor
tance by its advocates and being looked
upon by its opponents as involving -a rad
ical departure from the long established
policy of the country and likely to be fol
lowed by the inauguration of atpronounc
ed policy of colonization the abandon
ment of the Monroe doctrine and partici
pation in international wrangles More
than half a hundred members participat
ed in the debate
From a party standpoint the result was
awaited with the keenest interest The
Republicans presented practically
SsWt 3TEd V
COXGPKSSMAX XEWLAXDS
Father of the Hawaiian Annexation Resolution
mous support to the resolutions only three
Republican members voting in opposition
In the Democratic ranks the division up
on the question was more marked eigh
teen voting for annexation
Analysis of the Vote
TOR ANNEXATION
JvCPULKlCilllS 1 1 J
LS iO
i U 1 1 tt o
usioniSLS
i
Total 200
AGAINST ANNEXATION
Democrats 7
Republicans 3
Populists T
Pnilnnloto I 4
jl tioiuuioig
XGitll
DrnocrATS foii Annexation
Denner Ta Livingston Ga
Berry Ky Marshall Ohio
Brucker Mich Norton S C
Cochrui Wn Osborne Wyo
Cummings N Y Sulzer N Y
De Yries Cal Taylor Ala
Driggs X Y VehslnegtS
Enncntrout Pa KI foTS D- -
Griffith In J -Lewis Ga
nEruniicANS Against annexation
Crimipackcr In Wadsworih N Y
Johnson Intj
Debate continued seven hours
NotsMti speeches were made by
Messrs Berry Dem Ky W A Smith
Itep Mich and Hepburn Rep Ta
for and by Messrs Johnson Rep Ind
and Williams Dem Miss against the
pending measure
The resohitions relate in a preamble the
offer of the Hawaiian Republic to cede all
of its sovereignty and absolute title to the
Government and crown lands and then
by resolution accept the cession and de
clare the islands annexed The resolu
tions provide for a commission of five at
least two of whom shall be resident Ha
waiians to recommend to Congress such
legislation as they may deem advisable
The public debt Of Hawaii not to ex
ceed 4000000 is assumed Chinese im
migration is prohibited All treaties with
other poweis are declared null It is
provided that until Congress shall pro
vide for the government of the islands
all civil judicial and military powers now
exercise by the officers of the existing
government shall be exercised in such
manner as the president shall direct and
he is given powers to appoint persons to
put into effect a provisional government
for the islands v---
AS TO IMPORTS AND EXPORTS
Comparative Ftatement for the Month
cf May Is Made Public
The comparative stivtemeiitjOfthe im
ports aad cxports of the United States
for lKp mnnth nf ffiv iKSiiorl hv tha
-
j
rear of statistics shows
Merchandise Exporjs
C947S3 increase as compared with May
1S97 about 32400000 imports 53
238S47 of which about 48 per cent is
free of duty decrease about 26000000
Gold Exports 109157 decrease
about 9300000 imports 13119333
increase about 12500000
Silver Exports 4184432 dpcrease
about 150000 imports 4SS568 de
crease 250000
For the eleven months of the present
fiscal year there was an increase in the
amount of domestic merchandise export
ed as compared with the same period last
year of 15713S821 and a decrease of
42732983 in the imports of domestic
merchandise There was also a decrease
in the exports of gold amounting to 17
539044 and an increase of 31228775
in the amount of gold imported The
amount of silver exported decreased by
over 5000000 and there was an
of G25S3Jn the silver imports
Pauncefote to rel etainecl
SirJulian rauncefote the British am
bassador has been advised by the British
foreign office that he will be retained at
Washington for another year Represent
ations were made recently by the admin
stratlon thiough Ambassador Hay in
London that the recall of Sir Julian at
his time would be unwise
Kniplis of Honor Bar Women
The Supreme lodge Knights of Honor
in session at Washington by a vote of
34 to 23 decided iut to admit women to
aoirLership in the order The ground
taken was that an organization number
ing 100000 Lad been built up and it
would be unsafe to risk any fundamental
change The visiting Knights and1 their
wives were given a reception by Presi
dent McKinley
Importers say that a revenue tax of 10 j
cents n pound on tea ought net to raise
uriee
rffS ryg
1
n p
HU Jii4 Ui J J ili4 Ui4 w
oi a cent uciwoen iu and lo cent articles
V of a cent on 25 cent articles and of a
cent for each additional 25 cents retail
price
NOTE Dealers in above enumerated ar
ticks must stamp goods In stock at these
rates when sold at retail
Tennessee
Kentucky
Ohio
is
98
00
OS
03
90
idl
Kansas
California
10 1
The average condition of springyheat
the ahiiostT if not entirely
ed one of 1009 as compared with S9G
on June 1 1S97 and 925 the average for
the last ten years Nearly all the States
of principal production report a condition
exceeding thatJhdicative of a full normal
crop North Dakota reporting 104 South j
Dakota 103 Nebraska 103 Iowa 102
Minnosota 100 Oregon 101 and Washing
ton 97
GREAT INCREASE Or EXPORTS
Fiscal Year 189S Helps Farmer More
than Any Prcviouj One
The farmers of the United States are
drawing upon other parts of the word for
more money in the fiscal year which ends
with this month than in any preceding
year in the history of the country Even
the high water mark of 1S92 when our
exports of agricultural product amounted
to 79932S232 will be surpassed by the
record of the year whih closes with this
month The prelimiarry reports of May
exportations which have reached tlie bu
reau of statistics made it quite apparent
that the agricultural exports of the year
will be considerably iu excess of 800
000000 the total for the year being likely
to reach 835000000
Compared with the last fiscal year the
increase in exports of agricultural pro
ducts will be fully 150000000 In
breadstuffs alone the exports of the year
will amount to nearly 1000000 for each
business day and will be more than 100
000000 in excess of last years exports
Of wheat the value of the exports for
1E98 will be more than double those of
lc97 whHe the increase in Hour will be
nearly 50 per cent and of corn nearly 50
per cent in value Provisions in which
term are included beef and hog and dairy
products show alst a marked increase
the total exports of provipious for the
year bein likely to reach 160000000 in
value
Should it happen the International band
wagon plays Yankee Doodle and God
Save the Queenin unison the test of ihe
world mayas well face tbe music Phila
delphia JTjjnes
SUMMARY OF THE WAR TAXES 1
Classified List of Licenses Excise and Special Stamp
Taxes of the New Law
J f yrJ 4itJ H4 lii l J ii4 14 Ui I J jitJ tHJ tSH IaiI J KiA HsU 134 yi3 R
new war revenue bill has be
come a law President McKinley
made it such by affixing his signa
ture Monday afternoon and as originally
provided the act went into effect on the
day succeeding its passage Few branches
of industry and commercial Hfeareexempt
ed from the operation of the law Busi
ness men will therefore find the following
classiiied summary of the provisions of
the bill not only convenient but invalua
ble for constant reference
Annual Iic use Taxes
BANKERS
On capital and surplus o0 on 250000
capital 2 on each additional 1000
liltOKKUS
Yearly license tax 0 and stamp tax
of 5 cents on each 100 of face value on
bonds stocks shares etc and 2 cents on
each 100 of face value on each note or
memorandum of sale
Commercial brokers
Yearly license tax of 20
CUSTOM HOUSE BROKERS
Yearly license tax of 10
IVSUltANon AGENTS
Yearly license tax of 1J ana tuuiy tao3
on life policies of 10 cents on each 100
marine inland Are casualty fidelity and
guarantee insurance one half of 1 cent on
each 1 premium charged -
MANUFACTURERS OF MIXED PLOUR
Four cents on each barrel and an rtnnual
license tax of 12
PROPRIETORS OF PUBLIC SHOWS
Theaters museums concert halls cir
cuses 100 All other public entertain
ments 10 Bawling alleys billiard rooms
3 for each alley or table
This provision regarding theaters and con
cert halls applies to cities of over 25000
- PAWNBROKERS
Yearly license tax of 20
General Taxes
BREWiERS
On beer lager ale porter and all ferment
ed liquors 2 per barrel of 31 gallons less
Vj per cent on stamps purchased for Buch
tax
CIGARMAKERS
Threo dollars and 60 cents on each 1000
cigars weighing more than three pounds 1
per 1000 weighing less than three pounds
and an annual tax on sales at the rate of 0
on 100000 cigars 12 on 200000 cigars 24
on more than 200000 cigars
CIGARETTE MAKERS
Three dollars and GO cents on every 1000
cigarettes weighing more than three pounds
150 on every 1000 weighing less than three
pounds
IMPORTERS OF TEA
Ten cents a pound on all teas
SUGAR AND PETROLEUiM REFINERS
One quarter of 1 per cent on annual gross
receipts in excess of 250000
TOBACCO MANUFACTURERS
Twelve cents per pound on all tobacco and
snuff and an annual tax based on vearlv
sales at the rate of G on 50000 pounds or
less 12 on more than 50000 pounds 24
on 100000 pounds
Special Stamp Taxeq
BROKERS
Two cents on each ante or memorandum
of sale and 50 annual license tax
PARLOR AND SLEEPING CARS
One cent on every ticket sold for seat or
berth
SCHEDULE B MANUFACTURERS
a Of medicinal proprietary articles and
preparations b all urticles made under pat
ented right or trademark except food prod
ucts Had commercial fertilizers cj per
fumery cosmetics etc must pav stamp
taxe at the rate of of 1 cent on 5 cent
articles U of 1 cent on 10 cent articles
7
v
EH
a
m
d Chewing gum 4 cents on each pack
age of a retail value of 1 e mixed flour
4 cents on each barrel and an annual license
tax of 12
Miscellaneous Stamp Taxes
In addition to stamp taxes already enu
merated the following are imposed
On bonds debentures certineates of In
debtedness 5 cents on each 100 of face
value
On sales or agreements to sell shares or
certificates of stock 2 cents on each 100
On sales or agreements of sale of any
products or merchandise at any exchange
1 cent on each 100 of value
On bank checks drafts certificates of de
posit not drawing interest and money or
ders of all kinds 2 cents
On each bill of exchange Inland draft
certificates of deposit drawing Interest
promissory note 2 cents on each 100
On each foreign bill of exchange aud letter
of credit 4 cents on each 100
On each bill of lading or receipt for ex
port 10 cents
Oa each bill of lading or manifest for
goods sent by freight or express within the
United States 1 cent
On cadi telephone message costing 15
cents or more 1 cent
On each bond of Indemnity 50 cents
On eacii co tMcate of pronts of companies
and corporations 2 cc nts on each 100 of
face value
On every document Issued by a port war
den 25 cents
On certificates of all kinds reqnried by
law 10 cents
On every charter of a vessel or renewal or
transfer of Rime On registered tonnage of
300 ton 3 on registered tonnage of GOO
tons 5 on registered tonnage of more than
GOO tons 10
On conveyance or deed of more than
100 and less than 500 50 cents and for
each additional 500 50 cents
On every telegraph message 1 cent
On every custom house entry for 100 of
value 25 cents for 500 of value 50 cents
for more than 500 of value 1
On every withdrawal of goods from cus
tom3 banded warehouse 50 cents
On every lease for one year 25 cents for
three years 50 cents for more than threo
years 1
On each manifest for custom house entry
or clearance of ships for foreign ports ex
cept In British North America On regis
tered tonnage of 300 tons SI on reiristered
tonnage of 600 tons 3 on registered ton
nage of more than GOO tons 5
On mortgages for more than 1000 and
less than 91500 25 cents and on each ad
ditional 500 25 cents
On each passage ticket to a forelso port
not In British North America costing 30
1 costing 60 3 coetlng more than SGC
5 - -
Powebof attorney 25 cents
Proxy for voting at any election of an In
corporated company except charitable re
ligious or literary societies or public ceme
teries 10 cents
On protest of note bill of exchange check
etc or marine protest 25 cents
On receipt for payment of any money or
debt exceeding 5 1 cent
On warehouse receipts 25 cents
On legacies exceeding 10000 and not
exceeding 25000 a graded tax of frm 75
cents to 5 on each 100 which graded tax
is to be nvultipiied by H on leje iries of more
than 25000 and less than 100000 multi
plied by 2 where the value of the property
does not exceed 500000 multiplied by 2
where the value of the propertv does not
exceed 1000000 and multiplied by 3 when
in excess of 1000000
Violation of
Penalties
the act by evasion of
tnej
stamp act on proprietary and n C T 11
AvasJonVflnlsTaf
iiueoi 100 Forging or counter
T 3 M
iitnir uuip is uuniiiuim uy a line ui
1000 or confinement at hard labor for five
years
GREAT WHEAT CROP PROMISED LIST OF PRIZES TO BE SOLD
Larger Acreapre and Finer Condition
than for Many Years
Preliminary returns of the spring wheat
acreage with the two JDakotas in particu
lar subject to revision indicate a total
area seeded of 16SOO000 acres which
added to the area in winter wheat 2G200
000 acres makes a total of wheat acreage
of 43000000 or rather more than 3500
000 acres greater than Inst year There
is- an increase of 8 per ceut in Minnesota
22 in Iowa 10 in Nebraska 11 in North
Dakota 8 in South Dakota 5 hr Oregon
and 20 in Washington
The average condition of winter wheat
is 908 as compared with 785 at the cor
responding date last year and SlG the
average for the lost tea -years The prin
cipal averages are as follows
New York
Pennsylvania
Maryland
Michigan 0
Indiana 05
Missouri W
Will Be Offered at Key West to the
Hijrhest Bidder
The following is a list of the prize ves
sels and their cargoes which are to be sold
at public auction in the city of Key West
to the highest bidder for cash
Length
Name Net tons feet
Steamer Argonauta COO 1S2
Steamer Ambrosia Bolivar 103 118
Bark Carlos F Hoses 521 118
Barkentine Lorenzo 2S1 119
Brig Frisquita 3 2i 101
Schooner CancMta 31 01
Pohooner Matilde G4 71
Schooner Sophia 57 GO
Schooner Iinero Ill 89
Schooner Trcs Hermanos 34 53
Schooaer Mascota 120 11G
Schooner Engracia 43 53
Schooner Lola 35 4S
iSchoouer Antonio y Paco 47 53
Schooner Quatre de Setlcimbre 30 5G
Schooner Orient 43 52
Schooner Antonio Suarez 33
Schooner de Dios 51
Schooner Espaua 51
Schooner Femandito 23
Schooner Santiago Apostol 53
Schooner Severitn Ttv4i
40
02
50
33
G3
v
Sloon ParnniLta 33 4
Also at the same time and place will
be sold thg cargoes of said vessels con
sisting of3500 sacks of rice 1416 sacks
of flour 373 sacks of beans 100 cases of
codfish 1943 sacks of sugar 6S0 cases of
sardines 1750 boxes of vermieelli and
macaroni 47 cases of cigars Si bundles
of steel 51 cases of mineral water 170
cases and barrels of beer 1260 cuses of
canned goods 41S bales of paper 7 cases
of paper bags 10 hogsheads of wine 30
barrelsof wine 50 cases of wine and 262
cases of chocolate
RUSSIA TO EUILD GREAT CANAL
Will Connect Black and Baltic Seas
and Co t97H0O0O
The current issue of the publication by
the oflice of naval intelligence preterits
a detailed account of an immense canal
about to bo undertaken by ltu sla which
will connect the E ack and Baltic sens and
will enable Ler to concentrate her fleets
at either end in less than seven days The
canals entire length will be 10S0 miles
but by using the rivers the artificial con
struction will extend only 125 miles The
cost of the entire construction is esti
mated at 97009000
Money for a PariB Kxhibit
Assistant Secretury of State Cridler
who has recently returned from a visit to
Paris to study the advisability of an
American exhibit at the exposition of
1900 will soon hand his report to the
President and will recommend a liberal
appropriation
Fought a Bnel in France
Count Boniface de Casteltone who mar
ried Miss Anna Gould
of New York en
gaged in a duel in Paris with M Henri
Turot of the Petite Kepublique Fran
caise Three rounds were fought with
swords and M Turot was wounded in
each round twice slightly and the third
time severely in the right forearm thus
ending the duel
We will have to stop the war long
enough to permit the usual announce
ments concerning the Jersey and Dela
ware peach crops Washington pjst
BUYING WAE BONDS
SMALL INVESTORS SUBSCRIBE
TO THE POPULAR LOAN
Results of First ApplicationsIniicate
that Small Investors Vill Toko En
tire Issue of
as First class Securities
Loan Js a Success
The Government has taken every possi
ble step to make the new bond issue in
every sense a popular loan While the
great banking syndicates of this country
and Europe are ready and willing to sub
scribe for the entire bond issue the Treas
ury Department has decided that individ
ual subscriptions will receive attention
first and that the smallest amounts asked
for will be allotted before the larger ones
This means that any private citizen who
desires to invest a little money in the new
government bonds will be accommodated
beforo the millionaires and the banking
institutions may purchase these desirable-
securities
Small investors regard the new bonds
as first class securities and unless all
present indications are misleading the en
tire issue will be placed before the larger
banking institutions will be permitted to
subscribe The people want the bonds
and are not a whit backward about asking
for them The sub treasury the banks
postofiice stations and express offices in
New York Chicago Philadelphia Bos
ton St Louis Cincinnati and other large
cities as well as many of the smaller
ones were besieged the first day with
requests for information and for the ap
plication bhinks prescribing the form in
which subscriptions must be made Con
servative estimates place the first days
small subscription totals at 3000000
In Chicago the days subscription reach
ed GS5SG0 Experts say more than 10
000000 will be subscribed in small sums
in New York alone
These bonds bear interest at 3 per cent
payable quarterly The denominations of
the coupon bonds are 20 S100 500 and
S1000 of registered bonds 20 100
500 1000 5000 and 10000 Iu terms
they are precisely like all other United
States bonds outstanding that is they
ate payable in coin
Secretary Gages letter of instructions-
reveals the precautions taken by the ad
ministration and the Treasury Depart
ment to make this a popular loan in the
strictest sense to insure the small invest
ors getting the bonds if they want them
Until 3 oclock p m July 14 no subscrip
tion will be honored that cals for uiore
than 500 All others will he pigeon
holed If the subscriptions for 500 or
less exhaust the entire issue of 200000
000 the others will stay pigeon holed
Whatever of the total issue if any re
main will be allotted after July 14 and
again the small banks and the man or
money The allotment of what remains
will commence with tje smallest subscrib
erthat is the man who wants 000 or
1000 worth of bonds will have his appli
cation honored before that of the man
who asks for 1200 or 2000 and so on
It is therefore practically impossible fQr
tllf limits nnil mm - rn
l v ritf r viwww
to Let any of tliosi ll - the peoplf
of modest means take advantae f 3
month of tic- b
by the ban- which some have appeared
to fear is out of the question since two
dnnimies would be needed for every 1
000 of bonus and to get a block of 100
000 the botfd seekers would need a whole
regiment of 4mmies
The bonds are nAte soId t0 the peo
pie at a fixed price or uiJar This
is another safeguard for tmaulfia
ture of the loan No fear is entertameu
of a too rapid absorption of the nations
currency by the bond purchasers It is
figured that most of the money to be put
into bonds will be idle capital When the
small investors have had their fill if
there be anything left for the big bidders
and banks they will be permitted to re
ceive their allotments in installments of
20 per cent at intervals of forty days to
guard against rapid absorption of the cur
rency -If tlicr national banks were able to
get hold of large blocks there might be
an inflation of the currency by an issue
of national bank notes against the new
bonds but this is not a real danger on ac
count of the restrictions against the banks
already noticed
Government Out a Million
A well known banking- house made a
proposition to the Secretarv of the
to -subscribe for 100000000 of the
new bonds at 101 Under the law the
bonds must be sold at par and allotted to
the subscribers for the smaller amounts
first hence the offer could not be enter
tained Subscriptions for 20 bonds or
multiples of that amount up to 500 will
be awarded as fast as received
3
UjUItuW
EOT
DSHHEHt
Sampson solves the problem The way
to open the Santiago bottle is to smash it
Philadelphia Ledger
I suppose there is no danger of Cer
vera breaking out Not unless be gets
the measles Cleveland Plain Dealer
Apparently by the time Santiago San
Juan and other places fall obstinate Madrid-may
tumble Philadelphia Times
The Americans were generous enough
to sink one of their own ships when they
found Spain couldnt do it St Paul Dis
patch
Acting Admiral Sampsons opinion of
the management of those Cuba bound
troops is probably wholly unfit for publi
cation Boston Globe
If Cerveia sinks that fleet that is soon
to become ours we will place it oi the ex
pense account when we come to set tie up
St Paul Dispatch
Come to think of it Dewey is a name
to conjure with Philadelphia Press
This floating population was
never larger than it is now but it will be
still larger when tLe next expedition
starts Boston Ierald
It is not true that the troous at Tampa
are waiting for the gulf of Mexico to
freeze over so that they can cros to Cuba
on the ie Boston Globe
The Government has been urged to
adopt worsted- as the material for uni
forms but in battle onr trenps must hot
be worsted Boston Globe
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