THE OMAHA DAILY BEE : TUESDAY , AUGUST 1 , 1899. ° MAIIA E. nOSliWATKIl , Editor. PUBLISHED EVEIIY MOIININO. THUMB Of 8UB3CniPTION. Daily Hee ( without Sundny ) , One Year.16.00 Dally Jlco nnrt Hunday , One- Year 8.00 Dully. Sunday nnrt Illustrated. One Year 8.25 Bundtiy and Illustrated , One Year 2.25 Illustrated Dee , Olio Year 2.W Sundny li'o , One Yfar ? < Saturday lieo , One Year 1.8 ? Weekly Uee , One Year OFFICES. Omaha : Tlie Boo nulldlnR. _ . South Omaha : City Hall Bulldlnsr. Twenty- flfth and N Streets. Council Bluffs : 10 Pearl Street. Chicago : 307 Oxford Building. New york : Temple Court. Washington : 601 Fourteenth Street. COIIUBSPONDENCE. Communication * relating to news and Edtlorlal Department , The Omaha Bee. BUSINESS LETT13H8 , Business litter * and remittances nhoulil be addreised to The Bee Publishing Com- P-iny , Omaha. Omaha.REMITTANCES. . Remit by draft , express or postal order payable to The Bee Publishing Company. Only 2-ccnt stamps accepted In payment oc nmll accounts. Personal checks , except on Omaha or Eastern exchange , not accented. THE BEE PUBLISHING COMPAN\ . OK CIIICUI..VTIO.V. Stale of ( Ncbrnskn , Douglas County , s" . : OeiOTKo Ui TiMxyluick , secretary of The Bee Publishing company , being duly sworn , says Hunt the ftrtu.U number of full nnd complete copies of The Daily , Morning , Evening and Hundny Bee , printed during the month of July , 1S39 , wan ns follows : 1 il ( , ( ) ( ! ( ) 17. . 85,018(1 ( 2 l7nilO IS 81,70(1 ( 3 U ,1J < > ] J 81,700 4 2.VHKS 20 Bl , 70 5 1J,0" ( < 21 81,580 6 xtn < io 22 81,780 7 as , 110 23 20,85(5 ( 8 B.Vi-IO | 2-lU0 ( ! s urinr. : 23 21,5:10 : 10 ar.t > o 20 81,7110 11 arMso 27 24,770 12 ai.wao 2S 21,0:10 : 13 a.iaia : ,29 ,24,810 14 25-JOO 30 20,150 15 anniio 31 25,010 10 2uuio Total . M unsold and returned copies. . 10,170 Net total salc . 775,40.1 Net doHy averago. . . . . . . . , , 2.Oia Subscribed nnd sworn before me- this 31st day of July , 18 . I * K. BOYLE. ( Seal. ) Notary Public Pnrllr * LcnvliiK tor the Summer. Parties leaving the city for the summer may have- The Bee sent to them regularly by notifying The Boo business office , In person or by mall. The address win be changed ns often as desired. Secretary Alger has passed out nnd Secretary Hoot has passed in. Ring out the the old. ring in the new. The ownership ot a small strip of land in the far north appears to be a small mutter for two great nations to quarrel and talk war about. The Fakery 1ms hauled down Its flag of truce without the slightest provoca tion nnd reopened Its squirt-guns , just as might bavo been predicted. The Diamond Match company has In creased its stock issue $4,000,000. The company does not appear to be any nearer wutdrproof than its product. If it is true that $3,000 has been paid for raising the embargo on Sunday closing at South Omaha , what is County Attorney Shields going to do about it ? Denver papers arc calling upon the ofllcials to suppress the steam whistle , which they say is annoying. The Smelter trust has partially abated the milt-unco by closing its plants. New York may enjoy the exclusive privilege of receiving Admiral Dewcy , but it remains for Nebraska to provide a fitting reception to the famous light ers of the First Nebraska regiment. General Harry's chest protectors neatly packed In Filipino chests will bo brought back from San Francisco as trophies of the war for tiso In the bloodless campaign In the Sixth district. The Hank of England may be a llttlo hard pressed for ready cash , but there is no danger of a run that the bank could not meet with coined gold over the counter without touching the sur plus. The San Domingo annexation Scheme , which was a bpno of contention during the presidency oC General Grant , is again to be sprung , but it Is exceedingly doubtful whether It will get any en couragement from the coming congress. The senate investigating committee may not have- been clothed with author ity to hear nnd determine the questions before It , but the house rent and other popocratlc deals have been certified up to a court which has the court of pub lic opinion , If Henry Bolln Is released from the ntato's prison by order of the United States supreme court because ho was never Indicted by a grand Jury , we may look for an exodus from the penitentiary that would leave the new warden with out occupation. In accord with the eternal fitness of things , Secretary Porter's proposal for a new building at the Omaha Deaf and Dumb Institute has been Inserted in the Midway column of the only Omaha popocrntlc paper , sandwiched between "Tho Giant See-Saw , " "Una" nnd a music hall. An interesting point of army law lias Just been decided by a court-martial. It Is to the effect that It Is not "conduct to the prejudice of good order and dis cipline" for n Eohllcr to flirt with the maid of the commandant's wife. All the prerogatives are not reserved for the olllccrs , evidently , When a young hen lays an egg she struts and cackles and struts. Many other houa before her laid countless eggs , but the business Is new to her and in her innocent conceit she makes a great barnyard nolso about it. Wo commend the point of this parable to the hysterical roosters who run the t'ukery. - , FIXlAfl THE Trustworthy reports from Washington say that all Indications are favorable to an unmistakable declaration for the gold standard from congress next win ter. The correspondent of the Spring * Held Itppubllcan says such n declaration , with the necessary measures to buttress It against all aHsaultu , Is likely to be put through both houses of congress within n few weeks after they assemble. He Htates that Colonel Henderson , the next speaker , who was chairman of the house committee on the currency , will prob ably arrange a program for putting a bill through the house In advance of all other legislation. "The political wis dom of such action , " says the correspondent pendent , "Is hardly disputed by those who arc looking to the election of Presi dent McKlnley by the united sound money vote of the country next year. " The correspondent of the New York Journal of Commerce speaks even more confidently of the prospect of n gold standard declaration. He says that those who are familiar with the pur poses of the administration are con vinced that the action of congress nt the next session will plant the country firmly on the gold basis. He declares that there Is no ground for the reports that the president nnd republican sena tors of the finance committee were timid about writing the word "gold" In the statutes. On the contrary the fact Is appreciated that failure to make such a declaration might lose the republican party many sound money votes In the east and possibly even In the west. This question is receiving the atten tion of the leading republican newspa pers nnd they quite generally favor con gressional action fixing the gold stand ard. As one of them remarks , there are very few persons who arc afraid of gold nowadays. All know that under the gold standard the country has become - como prosperous once more nnd only those who are incurably Infected with the free silver fallacy doubt the wisdom of legislation tc maintain the gold stand- nrd. The demand for such action will steadily grow and must be heeded. DE WE 1' . It was hardly necessary to contradict the statement which attributed to Ad miral Dewey the declaration that our next war would be with Germany , for no ono with , an Intelligent appreciation of Dewcy's character nnd good sense gave It any credence. There is no man in the naval service of this or any other country who has a higher sense of the obligations and proprieties which his po sition Imposes than Admiral Dewey and he is simply incapable of such a viola tion of propriety ns the remark ascribed to him Involves. This Is not the only Instance of misrepresentation of which the admiral has been the victim , but ho has had the good Judgment not to pay any attention to the fakes , doubtless feeling secure in the confidence In his sound discretion and unfailing common sense which his uniformly ju'dlclous course has evciywhere cfcnted. The fame of Dewey will not suffer in the least from these misrepresentations , yet It Is the duty of reputable newspa pers to at least shield him from the an noyance which their publication doubt less causes him. He is returning to his country the hero of the most illus trious achievement In our naval history. He has a right to expect from the Amer ican press fair and honorable treatment and not to be placed in a * false position before his countrymen and the world. POSSIBLE MILITART OI1ANOES. The new secretary of war , Hon. Ellhu Root , will cuter upon the duties of the ofllco today and reports from Washing ton which appear to be trustworthy In dicate that there will very soon bo some Important military changes. It is stated , in the first place , that Major General Miles Is to be p/nccd / in com mand of the army In reality and given complete authority over all the military movements of our soldiers. This , It is said , has been strongly urged upon the president by at least two members of the cabinet , while it is further stated that In his conference with the presi dent Mr. Root gave him some important information regarding the feeling among republicans in respect to military operations in the Philippines. It Is the Impression at Washington , according to several correspondents , that it Is the present purpose of the presi dent to order General Miles to Manila. It Is probable that Miles docs not dcslro such an assignment , but of course he would go without hesitation if ordered to do so and this replacing of Otis would bo no rellectlou on the latter. It Is said , however , that 'tho president is being advised to simply glvo General Miles the supreme command , allowing him to direct the movements of the troops and either go to Manila or remain In Wash ington , as ho shall doom best. Whether or not there In substantial ground for these statement * ) , It Is not to bo doubted that President McKlnley realizes the fact that there Is a great deal of popu lar dissatisfaction with military opera tions In Luzon and this feeling Is cer tain to be strengthened and Intensified by the expressions of returning soldiers. Knowing of the widespread existence of this sentiment It Is not improbable that the president Is giving It serious consid eration. There Is also talk of n contemplated change in Cuba nnd that General Itrooko may bo succeeded by General Leonard Wood. The administration of the former 1ms been subjected to some criticism , but it Is probably a fact that General Ilrooko has followed strictly orders from Washington nnd therefore Is not to bo blamed for whatever faults or mistakes have been made In our Cuban policy. General Wood has been remarkably successful In administering affairs In Santiago province and If It should be decided to replace Brooke the appointment of Wood to succeed him would bo generally approved , but It Is doubtful whether a change in the gov ernor generalship of Cuba is bcrlously contemplated. It is understood to bo the purpose of the administration to advnnco ns rapidly as jwsslblo prepara tions for establishing ciril government In Cuba and as this will bo done under Instructions from Washington there ap pears to be no reason why the work cannot safely be entrusted to General IJrookc. The most Important thing to be done Is to reassure the public In regard to military management In the Philip pines. It Is unquestionable that Gen * "oral Otis has lost popular confidence , that there Is a very general belief that ho Is not equal to the task devolved on him. Perhaps President McKlnley does not share In this opinion , but he cannot well afford to Ignore It. A naiLiAAXT Jon OP FAKIXO. Habitual liars ought to have good memories and professional fakirs should not presume too much upon the credu lity nnd Ignorance of the public. The Omaha Fnkcry In Its usual sensational style tries to make a great spread In stud-horso type of the announcement ot the arrival of the transport bearing the First Nebraska volunteers Into San Francisco harbor. This piece of enter prise would be Ignored by The Uee wore it not for the renewed outburst of solf- conceit and malice that seeks to glorify Itself nt the expense ot The Hoe. As usual the Fnkcry claims the exclusive publication of the arrival of the Han cock Sunday morning , when ns a matter of fact the reporter of The Ucc was among the first persons to come within hailing distance of the Hancock nnd In a brief dispatch published In the second edition of The Sundny Bee told all any body could truthfully tell concerning the ship and its passengers. Had our re porter been disposed to give free exer cise to his imagination he could have matched the Fakery , which filled two columns of hand-me-down rot from which the following extracts will sulllco : "Oh , It was fine sailing , but , say , wo didn't overeat ourselves with the grub. Wo had Rome of Alger'e embalmed beet coming over. Wo'ro going back to Nebraska to eat enough to take the wrinkles out of our bel lies. How's the crops there this year ? " "Best corn crop wo over had , " ehoutcd back General Barry. "Good ; we'll all gets Jobs this fall ; that's sure. " "Aro any of you going to ro-cnllst ? " "Yea , llko . We'll go to Nebraska and shuck corn first. " "How did you llko General Otis ? " "Oh , he liked us. " yelled ono sarcastic soldier. "He Invited mo up to dinner with him the day before we left , " and then the whole crowd yelled satirically , "Yes , Otis Is a flno follow. " While repenting minutely all this gab ble the veracious reporter frankly ad mits at the tall end of his dispatch that tbo conversation , through thirty feet of fog nnd nlr , with hissing steam nnd splashing waves , made It difficult to either see or hear anything and com pelled the launch upon which he was tossing to paddle back Into the San Francisco harbor. It should also be re membered that this alleged talk ) between members of the First Nebraska and their visitors occurred nt 1 o'clock In the morning in the raw , chilly nlr of the Pacific. But such little impediments do not trouble the Fakery In fabricating ex clusive news. That fact is even more forcibly Illustrated In what follows in the later Issue of the Only nnd Exclu sive. With a lavlshncss that must be appreciated by Its patrons the Fakery devotes three columns of solid fine type to its alleged special dispatch contain ing -the roster of the First regiment telegraphed from San Francisco by Its special staff correspondent , when everybody knows that the roster of tlio regiment was within reach of nil news paper men at the Btato cnpltol at Lin coln , just as Is the list of the dead and disabled members of the regiment which appeared In the Sunday editions of all Omaha and Lincoln dailies. The most valuable find of the exclu sive fake explorer Is In the following dispatch , dressed in the strictly origi nal style of the fake factory : Ono queer thing that will attract atten tion to the possession of ovcry First Nebraskan - braskan when he returns to his native heath will bo his Filipino chest or trunk. Not a man in the regiment has returned without at least ono of them. The average chest Is a structure about twenty Inches In height , twenty In breadth and thirty In length , made of polished Phil ippine hardwood , of light color , partaking of a lustrous finish. Each cheat Is finished with Iron or brass handles , and moKt of them have the initials of the owners wrought in brass headed tacks driven in the covers. It costs $1 American or $2 Mexican. Three peculiar cheats have within more peculiar curios of Filipino war and dally life. The collections may vary as to elze and value , but they never fall to include one Filipino machete , often more. Bullets and odd things of the tropics nil these boxes , which are passing transportation and duty free. free.This This Is very interesting , indeed , but inasmuch ns the Oregon volunteers , who have been at the Presidio for the post two weeks , doubtless brought with them an Invoice of Filipino chests It was not stretching the Imagination too much In assuming that the Nebraska boys would bring with them similar trophies , hence the descriptive story could read ily have been prepared and sent post paid before the Hancock came In sight. The Transvaal has answered the Im plied challenge of England by assert ing it is willing to accede to a com mission to settle all matters in dispute between the two countries , going back to the beginning , but will not confine the scope of Hiieh n body to the fran chise question alone. England must sooner or later abandon some of Its pretensions or be prepared to cngngo In a war with the South African Dutch. These people can move on no further' to escape English domination and live in n country of their own and while England can undoubtedly conquer the Boers It Is a dangerous proceeding to drive a people of their characteristics Into the hist ditch. Western farmers have before them a prospect which has never been excelled If It has been equaled. They are about through garnering a bountiful small grain harvest nnd corn is promising a phenomenal yield. Not only will the western farmer have an abundance to soil , but ho .wllll have a market for it all. The best estimates of the world's crop by English authorities Indicate that the old world will need much mor of our grain than In the year Just passed. The Industrial activity nt home glvos positive assurance that the do mestic market will consume much more than ever before. The word "cancelled" will bo written on the record opposite many a Nebraska mortgage before an other year rolls around. A calamity organ In these parts be moans the fact that the census re turns for the last two decades show that tenantry has Increased to nn alarming extent In the great American cities. In view ot the enormous In crease of city populations and the cheapening ot house rent to a point that scarcely yields enough for the landlord to pay taxes , Insurance nnd repairs , is there any thing strange or alarming about the In crease of tenantry In the cities ? Is It not also true that there has been an enormous Increase of homo owners In the suburbs of great cities within the past two decades by reason of the ex tension of electric tramways that enable - able wago-workers to pursue their vo cations In the city and enjoy the com forts of the suburban home ? According to the sworn exhibit ot the expenses Incurred by the ten candidates who entered the race for the republican nomination ns judges of the district court the aggregate amount paid out to the ward politicians , printers , livery keepers and dealers In political options was less than $150 all told , which would indicate that the now law has caused a slump lu the primary election market. popocrats find themselves In a pocket. Not having decent material for a straight Judicial ticket they are hopIng - Ing to secure a fighting chance by nomi nating two or three republican nominees and calling the creation a non-partisan ticket. That Is to sny , It would be nonpartisan - partisan to the extent to which repub licans might be bamboozled to swal low It. How L.VKKV DOVN It. Washington Star. Agulnata will never understand why there should be any differences of opinion In the United States War department. When he has an unruly general ho disposes of the entire - tire case by a prompt and simple assassi nation. CompnlNory Arbitration. Philadelphia North American. Compulsory arbitration moans merely that disputes between employers and em ployes shall be settled iby judicial decision llko all other disputes which arise In civil ized society , and which , because .society is civilized , are no longer settled by fighting. Corn Crop In Prospect. Philadelphia Press. The condition of the corn crop In the corn-growing states as compared with the yield of last year is shown in the following table , which Is 'based ' on the July report of the Department of Agriculture : 1899 , 1809Prospective 1S9S , Acres. Yield BUB. Crop Bus. Kansas 9.132.POO 300,000,000 132,818,000 Nebraska . . . 8,210,600 282,000,000 158,756,000 iawa 7mwo ; 217,000,000 255,000,000 Illinois 6,805,000 20 ,000.000 200,000,000 Missouri 6.ICO.OOO 173,000,000 151,731,000 Indiana a,695OW 116,006,000 129,151.000 Ohio 2,751,000 86.000,000 102,823,000 Texas 4,508,000 71,010,000 105,336,000 All others..32,793,000 5,000,000 685,531,000 Totals . . .81,650,000 2,050.000,000 1,9:1,181,000 Merit System the llcnt. Boston Globe. ( Every time the cnuso of public education in our cities is 'buttressed ' against influences and "pulls" that seek to degrade school authorities and school teachers to the low level ot partisanship and "spoilslsm , " there may well be rejoicing among honest citizens all alone the line. Omaha Is the latest western city to strengthen her educational bulwarks against the attacks of spoilsmen or bigots , open or insidious. The Board of Education of the chief city of Nebraska has unanimously de cided to place upon a permanent list all teachers nnd principals who have served successfully five successive years and to remove from this list only for cause and with a bearing. The merit system In public education is EO obviously the 'best ' thnt to justify it with the people , cast or west , as opposed to methods of Intrigue , it should be amply Bumclent to state It. We congratulate Omaha on "going up higher" and trust her course will stimulate other cities , still in the mire or bosalsm in education , to fol low her good example. lllK TruMt lliillle . Chicago Chronicle. A financial impor is authority for the statement that there has been a shrinkage of over $100.000,000 in the market quotation * of twenty-six of the "Industrial , " aa the trusts and combines formed ln > the last year are called. This decline has occurred since January 1 and there in no sign ot better prices 'by 'which ' the Ices may be redeemed. This loss docs not represent property that hua been destroyed , as If fire had burned It up. It la the amount that one party of speculators have lost to another party , or one side of the market 'has ' lost to the other side , the 'brokers' profits amounting to a largo part of tbo difference. The shrinkage In the trust stocks Is easily explained. The .promoters who form a trust place the inflated stock at a high price , per haps nt par. Some of It is bought by In vestors , some | s exchanged for the proper ties combined in the trust. The promoters reserve largo blocks for themselves , yhleh the markets absorb , That constitutes'their profile. They are careful to see that the market Is not broken on any particular stocks until they have got rid of their bold- logs. The markets are manipulated and ilgged by them until they gather their profits , when they "let go. " 1/nnccnily / Hornmlilc for Ofllce. Baltimore American , Bryan Is to be a delegate from the state of Nebraska to the next democratic national convention. The presidency of the United States Is an honor to which any man may well aspire , but history records few In stances in which an aspirant has become BO lustful as to rob tbo honor of aspiring of the dignity with which the nation de mands It should bo clothed. In recent years the only man In any party who became a presidential nominee by the flat of a con vention In which ho sat as a delegate was James A. Carfleld , Nomination was farthest from bis thought when be went to the con vention , and the honor came to him aa the result of unforeseen complications. It has been a long time , however , since an avowed presidential candidate reduced his candidacy to the level of an unseemly scramble ; who went to a convention as a delegate In order to personally manage his candidacy ; who attended meetings of bis national committee and urged , as Bryan has done , the raising of an enormous cam paign fund. The people honor most the man who retains his dignity end allows the office to sock him. Bryan Is not only seeking the office he is making a desperate fight for 1t , and the spectacle is nauseating to the enilbllltiei of all reputable citizen * . PlttSlO.N COJIMl.tSIOMm WANS. 1'lwiircn 5lmw the Hi-nit it ! tlir lliircmi I * Ant I Mjitnt to rinlniMMtx , Indlaiinpotls News. The only charge against Mr. Kvnns that wo know of Is that ho In "too rigid and exacting In demands for evidence. " H is A strange Ow.Hrlno that n public officer can be too careful In the expenditure of the pcopro's money. With the constant pushing for pen sions , nnd with rascally pension agents tak ing advantage of every opportunity to raid the treasury , wo believe- that the people ol the country who pay the taxes are In favor o ! having at the head ot the Pension bureau a man who Is "rigid and exacting In demands for evidence. " But , even with Mr. Evans' care , there has been a considerable increase In the number ot pensioners under his administration. During the fiscal year ending with June , 1S98 , 26,643 now names were nddcd to the rolls. These were now and original claims. Since 1S61 there have been only six years In which there was a larger number ot original claims allowed. Adding In the restorations , nnd the originals and restorations not en tered in the books tllF after July 1 , 1S97 , wo get a total of 64,351 ot claims allowed dur ing the year 1893 , The net gain in the num ber of pensioners in 1893 over those in 1897 was 17,700 , nnd the grand total for the year 1898 was 993,711. In the face of such figures ns these , we think it will bo difficult to show that Mr. Evans has been unfair to pension claimants. The same conclusion may bo drawn from the amounts paid. In the first full fiscal year of the McKlnley administration we find that there was paid In pensions the sum of $147,445,922 , which was an Increase of more than 16,000,000 over the amount paid In the year preceding. For the eleven months of the year following , the fiscal year 1899 , the pensions aggregated $129.016,639. Estimat ing tbo Juno payment at $11,000,000 , which Is probably too low , we get a total for the year ot $140,000,000. Surely there is notblng In significant about , such a sum ns this. We sugegst that itwould .be better for the president to submit to the criticisms of the Grand Army ot the Republic than to turn the treasury over to the pension at torneys. It is peculiarly Importantat the present time that the man at the head ot this bureau should bo ono who will remem ber that he Is under some obligation to the American taxpayer. We are going to have another rush for pensions on the part ot those who participated In the Spanish war. It has been stated that In one regi ment every man but one had already applied for a pension. There Is no reason to believe that the soldiers of today will bo any less susceptible to the wiles of the pension at torney than were tnose ot tno nivii war period. Wo have almost a million pension- era already. In time of peace the pension Hera Is far and away the largest Item In the government's expenditures. There is no basis for the contention that the gov ernment has dealt liberally with its defend ers. The facts are all the other way. It Is tlmo to lnslst that the government shall ( represent , not simply the Grand Army of the ( Republic , but the great army of men and women that are carrying this pension burden. It would have a demoralizing effect If the president were to remove or to trans fer Mr. Evans In order to "forestall un favorable action" by the coming encamp ment. Such a move .would be interpreted , and rightly , by Mr. Evans' successor as equivalent to a command to throw down al the bars and to give pension claimants and their attorneys practical control of the bu reau. CAPITALIZATION OF TRUSTS. Totnln Iliin Into I'Mmirpn Ilryonil Or dinary Coinprrlicniilon. Philadelphia Ilecord. Several Independent compilations have re cently been made showing the number of trusts which bavo been formed In this coun trywithin , the past six months , with ( heir capitalization , and although considerable discrepancy may bo found In the figures , owing to the fact that they are largely estimates based upon Incomplete Informa tion , the totals In all cases are so stupendous and so far beyond ordinary comprehension that the variations are small by comparison. In dealing with sums Involving several bil lions of dollars , as It la necessary to do in those complicated estimates , it Is an easy matter to make errors which may affect the totals to tbo extent ot several millions without detection. Several weeks ago The Wool and Cotton Reporter published a state ment showing that since January 1 487 trusts had been started or projected in the United States , having a capitalization of $7- 370,783,383 ; and this sum is divided , accord ing to the estimates ot the compiler , into preferred stock of $1,628,706,900 and common stock of $5,742,076,483. The writer stated that "in trying to de termine the capitalization Involved it was necessary in several cases to resort to esti mates , and where it was impossible , as in the case of a number of the trusts , to assert with confidence how much of the proposed capitalization should bo credited to preferred stock and how much to common , the entire amount was charged up to common stock. " Wo believe , however , that In the majority of cases the trusts have been organized on a basis of about bait common and half preferred stock , and It Is generally assumed that the preferred stock represents the full value of the properties absorbed. In point of fact , the Intrinsic values of many manu facturing plants which have been taken Into trusts are much less than half the values of the nominal rating , and the method adopted by the Wool and Cotton Reporter , assuming that the preferred stock repre sents everything of tangible value , is proba- j lily nearer the truth than If the capitallza- i tlon had been divided into equal parts. The ' journal referred , to says : "Wo arc , there fore , forced to the conclusion that two-thirds of the $7,370,783,383 ot trust capitalization i is 'water , ' pure and simple. " There is nothing very novel about these trusts. Their methods are simply ofd tricks of the trade performed on a much larger scale than ever before. As early as 1776 Adam Smith , in bis famous book on "Tho Wealth of Nations , " vigorously assailed com- 'blnations ' In restraint of trade , now called trusts. Tbo modern system of trusts Is the survival of several former comparatively crude attempts to accomplish the same endn and , llko tbo game of modern whist , It bears but a faint resemblance to Us prototypes. It represents the highest skill of the profoundrat legal minds In eliminating from tbo pfaus of the combinations faulty features which were found to bo assailable , and in incorporating others which should be free from flaws. Notwithstanding all this care , however , It Is apparent that the trusts are not yet invulnerable ; for already legal steps have been taken by Individuals to prevent the payment of dividends on common stock and some of the western states are now con templating the enactment of laws to prevent the operation of tbcee trusts within their borders. An I nJiiHt Aeuiimitloii , Washington Star. The Inventors uro accused of solidifying and Increasing the power of the truita. This may have been the effects of their productions , but they muot 'be exonerated from any deliberate intent in the matter. nnprnMCAPAHTV AMI T I'rrnrnt llp linl Contrnittril Dpinorrntlp 'I'lturn. Baltimore American. The reciprocity negotiations between this country nnd Portugal , the French colonies nml a number of the South American coun tries , which nro now ncnrlng consummation , promise to greatly benefit the trade ot this nation. The Mea that Is being put Into effect through these negotiations originated with that Illustrious statesman Jnmrn 0. Ulalne , who conceived It to be the correct principle of free trade , Free trade , according to the democratic Idea , hag always proved detri mental to the business Interests of the country. But the reciprocal sort of free trade , which is essentially a republican Idea , nnd 'vhlch was tentatively applied dur ing the Harrison administration , has re sulted advantageously. The action ot the present administration Is , therefore , to bo commended , since It alms nt a betterment ot the conditions ot our producing classes. The idea , briefly , is that the products of a foreign country shall bo admitted to this country free of duly , provided our products nro admitted free Into the foreign country. This is pure free trade , but It. Is of a sort that gives the American a foreign market In return for the American giving the for eigner n market. Since the reciprocal agree ment extends only to products In which the signatory countries nro not compctltorn. no ono Is harmed by the abolition ot customs , but both are mutually benefited. This move for the betterment ot our trade conditions Is thoroughly In nccon with the care with which republicans have always fostered American trade Interests Since President McKinley's InnuqunUloi there has been a general trade revival , duo largely to favorable legislation. The extcn of this revival can bo appreciated by con trasting the present with the democratic conditions. Under this administration the trade balance In our favor has grown to $616,000,000 ; Industries are running on such full tlmo , with mich largo forces , that dem ocratic National Commltteeuinn Onhnn o Illinois admitted last week that never before were so many men employed In this coun try ; the wages of laboring men have In creased nearly $2,000,000,000 annually ; the number of failures has appreciably de creased ; exports have increased enormously ; times arc generally better ; money Is easier and prosperity , < whlch Is dependent upon trade conditions , abounds throughout the country. The reciprocity agreements will still further augment this condition. In the face of all this evidence , the fact cannot be denied that the republican party Is the party ot trade extension and prosperity. KXI'OHT OK AMI3UICAN LOCOMOTIVI3S IncrcnnltiR Demand Ahroiul for I2n- Klnci Manufactured Here. New York Sun. The bcnlgbed weslern pedestrian whose solitary desideratum was , the loan ot a loco motive to take him back to civilization and home-cooking , made bis request nt a more opportune time than the present , when there is a foreign as well as a locaf demand lor American locomotives. A recent bulletin of the United States treasury announces .lint during the ten months ending May 1 , 1899 , 414 American railroad locomotives vero exported to foreign countries. Tha value of these locomotives was $4,000,000. Since May 1 the business of shipping Ameri can-made locomotives to foreign countries , an incident of the expanding foreign mar ket for Amelcan manufactures In general , lias been further enlarged. Since May 1 forty locomotives have been shipped to Finland alone. That American locomotives should be In demand in other countries has been re garded by some persons as a matter for surprise ; but there Is no reason for astonish ment. The foreign market for American locomotives is probably onfy beginning to be developed. It seems a little odd , perhaps , that the port of shipment should 'bo Philadelphia , from which heretofore the chief exports have been petroleum ( about one-third ot the export commerce of the port ) , tobacco , breadbtuffs , provisions , coal and lard ; but this Is explained by the proximity of Phila delphia to the interests supplying the materials for manufacture , and to the local locomotive works which glvo employment to Gcvcraf thousand mechanics. The fact Is that American locomotives ore the best In the world , and arc not only the best for America , but also for other coun tries whereof the topography resembles that of the United States. Radical changes in construction are now eccn In American locomotives , making them capable of "long distance runs , " and suitable for roadbeds of the kind most usual In newly developed countries , as yet Imperfectly supplied with railroad facilities. American locomotives are of approved durability. They are up to date In con struction. The prices nt which they are sold compare favorably w'ltb those which rule in England , Germany and Belgium , the three competing countries of supply. Under three circumstances it is no cause for surprise that American locomotives should bo in constant and increasing demand in other countries for the trade ot which the United States can compete on fairly equitable terms. GOLD SUPPLY ON THIS INCItEASH. Native Production of tlio Yrllow Mctnl Mnkrn 11 ( Joint NhonlnK. Philadelphia Times. Whllo Candidate Dryan and a few of the more radical ot his supporters continue to clamor for the free coinage ot silver at the ratio of 16 to 1 the Increase In the supply and coinage of gold goes steadily forward , furnishing a constantly-growing supply of the money that is acceptable everywhere and about the value of which there Is no question at nil. The colnagn at American mints for the fiscal year closing Juno 30 reached $108,177,180 , the bulk of which was of American production. The output from tbo Klondike alone for the present season Is now placed at $20,000,000 , and from the other gold-producing states and territories the amount will bo swelled to a total avail able for American coinage for the coming year of more than $100,000,000. When to this steady Increase of gold coin age of native production Is addnd the gold that Is Imported as the result of our swell ing export trade , the necessity for an' In crease in silver coinage of any kind except fractional silver is not apparent to anybody except silver mine owners , political leaders who have not yet learned that the world moves and those who want to scalp their debts by paying them in a depreciated cur rency. As these three classes comprise only a small section of the total population of the United States the prospect that anycpirty can make a winning campaign for tue'presi dency upon the 16 to 1 lasue Is growing steadily lees every day. At the coming session ot congress a sen sible currency law should be passed making gold the basis of our monetary system. The conditions arc such that this can bo done with the result of Increasing business con fidence rather than otherwUc. The preient opportunity should be taken advantage ot by future doubt about our monetary stand ard , but whether it is or not the steady &AKIN6 ROYAL POWDER Makes the food more delicious and wholesome ICO. , HI And rapid incrcfttc of sold production In our own country ami elsewhere remlors It certain that the gold monetary standard has corns to stay * o far as the I'nlteJ Statw arc 4 on- cerned. I.I.NKS TO A Harper' ? Unznr : Mumi-Do you llkf to ave men flatter jou ? Kthel oh , I don't mlml If they happen to bo photc-Kraphers. Chicago Post : "I should llkp ome vl- dence , young man , that your Intentions nro scrlou * . " s.Ud the old gentleman. "Wvldenco ! " exclaimed the young man. "Haven't 1 bought Mire * boxes of oniuly t 60 cents n pound , twv matlncc tickets and six pinto * of k-o rreim m lC ! < * tlvnn two i weeks ? Mow much evidence do you expect fioni n man In modrrnto circumstances ? " Cleveland Plnln Denier : "I cnn't lnvlt Mr * . Scron Yellow to my house any more. " "Why not ? " "Sho gets mad If 1 don't ask her < o slug- nnd all my guests get mud If 1 do. " Chicago News : Publisher ( to Mrs. New- rich , who has Just romnllrtl ft volume of poems ) Of course you will want your book bound in morocco. " Mrs , Ncwrlch Well , if It's the proper thing to have It bourn ! In Morocco , Ronhe.nl nnd send It there. Hut I don't pee why they on n't bind It just us well In this country. Detroit Journal : Speaking ot modesty , w once heard of a left-handed girl who woto lirr engagement ring nn her right hand. Washington StnrMiat : do you propose to do nbout this round robin ? " "I don't know , " nnwered the military man. "I suppose we'll have to square It In some way. " And lie become once more nbsorbca In Impenetrable thought. Detroit rreo Press : The hero wn bcde ! himself with rnse. "The ncrpont. ho hissed , for It wn * In these terms thnt hr wn wont to refer to the vlllnln of the plot , "hns won the Rolf irojhy ) ! " Grnevlcve shuddered , "That's what comes of his hnvhiR been scotch oil. 1 doubt not ! " she faltered , nnd wonkl fain hnvo wept. Ah , It. WHS easy now lu sec where mis- lakes had been mmle ! Cleveland Plnln Dealer : "I2\cuse me , tilr. bill nren't you Merrymmi , Iho fcolf plnyor1 "No , I'm Schmidt , dor musagc maker. " 'Thnnk you , sir. I foil sure then * wns some supgvstlon of the links about you. " AVnshliiRton Stnr : "Advice , " 'snld Uncle RbeJi , "Is hand to niiUiiiffc. If you Rive * It away you doesn' pit no benellt , nn' If you sells It you's Rwincter spile dc qual ity tryln' lo plenso cijMomers. " Hrooklyn Eagle : "Kulth , " said the man In clerical serb , "will move mountain * , " "Great miickerel ! " exclaimed the Knnsna mnn. "It's worse than cyclones , Isn't It ? " If * n Itlril. Philadelphia North American. Of nil tlio birds that through the air Go 'here ' nnd there a bobbin' , The worst to nil ofllclnl minds Is that called the round robin. Till' ; VA.MSIIIM ; Minneapolis Journal , New the Klory of the drummer slowly pales and fudes uiway. Llko the crimson ot the sunset at the closa of jnimmcr dnyj Ami ho looks into the future thnt contains no ray of hope , Ami ho sees his tlnlsh watting , without aid of telescope. Soon , nh , soon lie will be jobless ; etny at homo 'henceforth he must. And BO down Into oblivion as a victim of the Trust , Nevermore before the boxstove , In the country grocery store , Will ho smoke lluvamia frngrnnt with some glum "propr'etore , " AVho refused to listen to him as he talked , botli suxive fliid long , Of some goods he hnd to offer goods he'd Pell for Jurt n song. Nevermore will he. be Kicked out , nevermore will he be cusceil , For lilt occupation's vanished he's of no use to a Trust , On the fnccs of the landlord * who supplied him food and drink , And a dinky bed to rest In where he couldn't sleep a wink. There nre lines of care deep.fnvven , .nnd the/In / notions indicate Thut their Innocent soulu are worried , thnt they're In an awful state , For this drummer wns tfce-.r mainstay , h \ It wns that made their duct , And no more he's colling un them he'B been . done up by a Trutt. He wns Rood , this dashing' dnrmmer , with [ his clothes of latest style , \VJ't'h ' ' his miiRtac'he ' curled and perfumed , with his winning , genial smile ; tAnd wo tioys who used to carry on the rural industries A'lwnyn looked on him with envy , wished , that wo had Jotoa like his , For a lulu was this drummer , always upright - / right , courteous , Jimt , / lAnd wo're sad to see him vanish -wIpetf out by a grasping Trust. They were Kot > d , these city drummers , when they gathered 'round the lire In some llttlo country tavern and each , pnrcllced , g'lfted llnr Tried to tell the biggest story of the goods 'he'd eold that day , And all to mon wlroso ratings were nothing less than A. They werr never fired of huntllnfr , nevon wont off on a "bust , " But attended right to business , never dreamIng - Ing of a Trust. But the glory of the drummer sadly frayed ! -and frazzled Is , Ami no longer 'round the country h peram \ bulates for < blz. Llko Othel'to in the story , now his occupa tion's gone , And ho wanders , ulmlcss , listless , dreads to see each new day duwn , May he llnd reward 4n heaven , where there' * neither moth nor rust , And where nothing- finds an entrance that looks like a. blooming Trust. Let us reason together. I { you don't ' happen to want anything in the way of Summer Clothing at present you wont read this. If you do want something and want the best for the least money , this advertisement will in terest you. We are clearing out all the broken lots of Men's Summer wearables , They are gojng at half-price or less ; and that means actu ally below cost. But it is cheaper for us to sell them now at this rate than to carry over a lot of clothing to next summer. YOUR chance is now. The lowest prices of the season have been reached. We close Saturday evenings - ings at 6 o'lock.