Omaha daily bee. (Omaha [Neb.]) 187?-1922, January 04, 1902, Page 6, Image 6

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The omaiia Daily Bee
13. JKOBKWATBIl, EDlTOItt
PUBLISHED EVEItY MOItNINQ.
TERMS OP 8UBSC1UPTION.
Dally Uee (without Sunday), Ono Year..S.OO
Dally Bee and Hundny, Ono Year..; 8.0)
illustrated Uee, Ono Year 2.00
Hundny lice, Ono Year 2.0)
Saturday Hco, Olio Year l.OO
Twentieth Century Farmer, Ono Year... l.W
DELIVERED BY CARRIER.
Bally Heo (without Sunday), per copy .... 2c
ally Uco (without Sunday), per week ....12c
Dally Uco (Including Sunday), per week. .17c
Sunday Bee, per copy Be
Evening Bee (without Sunday), nor week.loc
Evening Iico (Including Sunday), per
week ..
Complaints 6f Irregularities In delivery
should bo addressed to City Circulation De
partment. OFFICES.
Omaha Tho Uco Building.
South Omaha-City Mull Building, Twen-ty-flfth
and M Streets.
Council Blurfs-10 Pearl Street.
Chicago-'1640 Unity Building.
New York Temple. Court.
Washington 601 Fourteenth Street.
CORRESPONDENCE.
Communications relating to news and edi
torial matter should bo addressed: Omaha
Uce, Editorial Department.
1JUS1NESS LETTERS.
Business letters and remittances should ho
addressed: The Uee Publishing Company,
Omaha.
REMITTANCES.
Remit by draft, express or postal order,
Bnyablo to Tho Uco Publishing Company,
nly Z-ccrit stamps accepted In payment of
mall accountH. Personal checks, except on
Omaha or eastern exchanges, not nccepted.
THE UEE PUBL1HIIINO COMPANY.
STAT E M ENT O F C I RC UL AT ION.
State of Nebraska, Douglas County, us.:
Oeorgo U. Tzschuck, secretary of Tho Uco
Publishing Company, being duly sworn,
says that tho actual number of full and
complete' copies of Tho Dally, Morning,
Evening ana Sunflay lleo printed during
tho month of December, 1901, was as fol
lows: 1 no.ioo n :io,ooo
2 :to,oor ig :io,:ioo
3 ,.,:io,:i:io 19 io,n
4 :io,:ih 20.. 1 :io,iio
5 :io,tro 21 :io,7oo
c i....:io,:iio 22 :to,nio
7 UO.SMIO 23 SIO.ISO
8 ...:io,:ioo 21 ito.iso
0 'to,:t:io 23 :io,tio
10 ;w,i 10 26 Ho.rsoo
U..... :i(),iH(t 27 :io,uto
12 o,roo 23 :to,r.io
is no.ir.o 29 :io,mo
u :m,r.-to 30 :io,4-to
is :to,:too 31 :io,42o
10 :w,to
Total s iii:t,2nr
Less unsold and returned copies.... 10,008
Net total sales t:i:t,ir7
Not dally average :to,ioi
GEO. B. T.3CHUCIC.
Subscribed In my presence and sworn to
boforo me this 31st Jay of December, A. D.
1901. M. U. IIUNOATE,
(Seal.) Notary Public.
A enstern coal mining company
has pouo broke. Its olllcers enn now
npprecluto hotter how ninny people foci
wlip nro compelled t6 buy conl.
The city nilvlsory bourd linn entered
Into n contract for Ice for the coming
Bcasou at ?8 per ton. This Is 11 decidedly
cool proposition at this midwinter sea
son. Omnlia needs n market house, but It
must'bc commctiHurato to the demands
of a city of Its population and preten
sions. No chlckeii-coop box will 1111 the
LIU.
The fight 011 tho Northern Pnclllc and
Burlington merger does not seem to pro
Tent tho Burlington from annexing other
railroads to Ml, the gaps in Its trans
misslsslppl system.
What Is tho county treasurer going to
do about tho Interest earned on deposits
of county money for tho coming year?
Why should not tho county get Interest
on Its bank balances as well as tho city?
Ono of tho' principal issues of the
pending campaign In the Choctaw coun
try is tho many, varied ,and extensive
fees paid to nttorneys. Possibly they
have been having somo bank receiver
ships down there.
People who fall to sco the lino dlstinc-'
tlon between tho man who steals $5 aud
tho man who steals $500,000 may not be
expressing themselves very loudly upon
tho Bartley pardon, but they aro doing
a heap of thinking.
Tho president has colled for tho resig
nation of another prominent federal of
ficial for violation of tho civil service
law. A fow object demonstrations will
bo more effective than volumes of verbal
declarations and public speeches.
There Is no position within reach of
on American citizen greater than that
f president of tho United States, except
that of president of nn international ex
position. For tho next year that exalted
position will bo held by tho Hon. D. It.
J-Yimcls of Missouri, U. S. A.
Congressman Mercer and Mayor Kelly
of South Omaha havo been In close con
ference fixing up a defensive and offen
sive alliance. That ought to settlo It.
Mercer -will generously glvo Kelly a sec
ond term as mayor if Kelly will glvo
Mercer a sixth term In congress.
Nebraska teachers In attendance upon
tho meeting of their state association
havo remarked upon the absence of Su
perintendent Pearso this year'. They
should know by this tlmo that Mr.
Penreo Is too busy running the Commer
cial club and building auditoriums to de
vote his tlmo and attention to educa
tional matters.
Tho Jacksonlan club will hold Its ban
quet on tho Kansas City platform used
by tho late democratic national conven
tion. Tho platform will bo hauled to
Omaha In sections on flat cars expressly
constructed, and chnrtered for tho occn
lion. Upon tho tonstmaster will devolve
tho' arduous task of placlug tho bamjuet
orators each upon his own appropriate
plank.
Almost, $0,000,000 was clipped from tho
public debt during the past month. A
couplo of mbuths at tho most will bring
it below tho billion dollar mark) and,
with peaeo and continued good manage
ment, nien(now In public llfo enn reason
ably hope to see tho bonded debt almost
languished. Whllo congratulating
yourself and the country over such a
condition, please remember that every
dollar of the debt has been paid cither
by .republican administrations or uuder
the operation of revenue lawa enacted
by, republicans.
XElillASKA AND DAKOTA VAItOUKS.
On tho first day of January Governor
Savage Issued mi unconditional pardon
to the defaulting state trensilrer of Ne
braska. On tho following day the gov
ernor of South Dakota Issued an un
conditional pardon to n defaulting
county auditor of South Dakota.
Tho statu treasurer of Nebraska was
convicted of deliberately appropriating
to Ills own use a stnto warrant amount
ing to over $180,000, whllo his nctunl
defalcation would exceed $750,000, with
the Interest computed to the end of Inst
yenr. Tho defaulting auditor of South
Dakota was convicted for mutilating
public records to cover a shortago of
less than $5,000.
The Nebraska governor commuted tho
sentence of the Htntu" treasury wrecker
from twenty years to three and one
half years. The South Dakotn governor
commuted the sentence of the defaulting
county auditor from live yenrs to two
nnd one-fourth years.
The exercise of executive clemency
to the South Dakota defaulter was pre
ceded by the restitution by himself and
his bondsmen of every dollar that ho
had embezzled. The exectttlvo clemency
extended to tho Nebraska embezzler was
exercised without the repayment of a
single dollar by the embezzler himself,
who Is reputed to hnvu In his possession
thousands or dollars of tho surplus from
his lawless depredations, whllo the
bondsmen who agreed to mnko good the
loss Incurred by tho state havo shown
no disposition to reimburse the stato for
Its enormous loss.
In the exercise of executive clemency
the governor of Nebraska pretends to
have acted upon, a- petition signed by
tho benellclurles and side partners of
the embezzler and a sympathetic class
of people who sign petitions Indiscrim
inately, whllo the South Dakota gov
ernor acted upon tho recommendation
of tho Stato Hoard of Pnrdous.
Tho contrast between the South
Dakota pardon and tho Nebraska par
don is so striking that It scarcely justi
fies further comment.
STUKFKll'S LATEST KXHIMT.
State Treasurer Stuefer has published
a statement of receipts and disburse
ments for the month of December, with
an exhibit of the amounts In various
depositories and the amount of unin
vested schobl funds, which flguro In his
bnlanco sheet us cash on hand. Tho ex
hibit Is satisfactory except so far as it
tends to creato tho false Impression that
the treasurer hns scrupulously refrained
from depositing school money In tho
banks.
Mr. Stuefer Is credited with good busi
ness qualifications. Ho Is responsible
Individually, aud the sureties on his
bond have guaranteed to protect tho
state against loss of public .funds in his
custody. Nobody lusldc or outside of
tho stato houso would suspect Mr. Stue
fer of being so reckless us to hnve kept
In the unguarded vault nt tho state
houso the $1207,000 of bnluuce In the
school (und lii September, or tho $18,000
of uninvested school mouey In his cus
tody on tho first of December, nor does
anybody believe that hp would be will
ing to run tho risk of leaving $1L,000 In
cash in that viiult during tho month of
January.
In view of tho disclosure made two
months ago that Mr. Stuefer had drawu
checks on Omaiia banks for $80,000 of
school money, these monthly statements
of Bchool money In tho vaults of tho
treasury appear like a mere subterfuge.
Mr. Stuefer might as well own up that
the school fund balances nro on dopusit
In banks and nobody will blamo him
for telling the truth, providing tho state
Is given the benefit of the interest paid
by tho banks.
OVKR-CAPITALIZRD TRUSTS.
Tho fatal effects of ovcr-capltnllzatlon
hnve received striking illustration by
the tecent collnpso of tho Asphalt Paving
trust and the llnunclul embarrassment
of tho Everett-Moore Byndlcafo which
owned nnd controlled a number of ur
ban nnd lntcrurban electric railways
and nn extensive system of local und
long distance tclcphouo lines In Ohio
nnd Michigan.
Tho Asphalt Paving trust, .orgnnlzed
within tho past eighteen mouths, by
parties who had acquired a practical
monopoly of asphalt paving in the
principal cities of tho country, was cap
italized on (i fictitious valuation based
ou futuro profits, 'und tho securities Is
sued by the corporation were planted
among credulous Investors who confi
dently looked orwurd to fabulous divi
dends for an endless succession of
years. But when the Asphalt trust was
confronted with the demand made upon
Its treosury to meet tho Interest on out
standing bonds It discovered that tho
pumoters of tho trust had overshot tho
mark aud through their Inordinate greed
hud forced the concern Into liquidation.
In this fatal termination of Its short
lived existence tho Asphalt trust only
furnished a repetition of tho disasters
tl)at had overtaken tho first Whisky
trust, tho Cordage trust and scores of
other ovct'-capltallzed corporations that
had relied upon their absolute control
of markets and prices nnd on the coin
pleto destruction of competition to enn
blothoni to gather' In enormous profits.
The Everett-Mooro syndicate, which
Is tottering on the verge of bankruptcy,
has also been tho victim of reckless
over-capltullzatlou. Tho nggregate cap
italization of tho vurlous 'properties
owned and controlled by this syndlcnto
is $130,000,000. It is exceedingly doubt
ful whether tho cost of construction nnd
equipment of these electric railways
and telephones exceeds $30,000,000. In
other words, about $100,000,000 of water
hns been Injected luto tho suburban
electric railway and telephone octopus
and capitalized In the shape of stocks
aud bonds.
Whllo these properties aro reputed to
havo n largo earning capacity and
would doubtless pay from 10 to -'0 per
cent Interest ou tho money ncttiully In
vested, the uct earulugs. have been In-
THE OMAIIA PAIL
hulllelent to meet tho fixed chnrges
created by Interest on fictitious capital
ization. Had these properties been cap
italized at their actual value, say
$30,000,000, a 10 per cent Interest charge
would require net enrnlngs aggregating
only $3,000,000 u year; but capitalized
at $130,000,000, a fixed charge of 5 per
cent would require the properties to
produce net earnings of $0,500,000 nn
nuully to pay the Interest charge aloue.
At n capitalization of $30,000,000 the
electric road aud telephone syndicate
could have floated along comfortably
and paid 10 or 15 per cent Interest, but
at n capitalization of four and otic-half
times that amount It has as a natural
consequence been tumble to meet Its ob
ligations ifnd is being driven to tho wall.
The most dnmuglng result of such
over-valuation Is the destruction of pop
ular confidence In corporate securities
and Investments and general destruction
of credit
tlEFOHMS IN T1W M111W STATE.
Tho annual message of Governor Odcll
embodies ninny recommendations 'that
must not only commend themselves to
tho people of the Empire state', but will
be emulated by tho lawmakers of other
states. The key note of Governor
Odell's message Is economy nnd revenue
reform. Ills chief aim Is to bring about
the1 abolition of direct tnxntlon and the
raising of tho funds necessary to meet
the expenses of stato government and
the maintenance of stnto Institutions by
u tax levied on all mortgages recorded
In the statu nnd a tax levy on all frnu
chlsed corporations. It Is estimated
that a 5-mlll tnx on mortgnges would
alono, yield an Income of $3,000,000 n
year.
The proposition to Impose a tax upon
mortgages will doubtless meet with
vigorous opposition. It may bo assumed
that no mutter how the tnx Is levied It
will full upon the borrower, since the
lender will, In every Instnnce, deduct
from the amount of tho loan the sum
needed to pay the mortgago tnx. That
certainly would be tho effect If such u
tux were Imposed In Nebraska, al
though, under our fitate constitution, no
discrimination can be made in the as
sessment or taxation of nny cluss of
property, hence no special tax co'uld bo
levied on mortgages.
The remedy proposed by Governor
Odoll to meet tho evasion of tax laws
by corporations Is 'thnt locul assessors
be given authority to compel corpora
tions to furnish lists of stock holdings,
but a still more effective measure would
bo to compel publicity by corporations
of their financial operations for the year
preceding the assessment.
Another Important suggestion In the
message relates to the taxation of com
panies Incorporated In other Btatcs.
Under existing laws the shares In such
corporations are not taxable in the
hands of a citizen of New York, nnd In
iisniuch us tho great majority of cor
porations aro Incorporated in Delaware,
New Jersey und adjoining stutes for tho
solu purpose of evading taxation, tho
governor very properly recommends the
enactment of laws that -will compel
them to pay for the protection thut tho
stute und municipal governments of
Now York glvo them. Tho governor's
recommendation in this respect is thut
foreign corporations doing business in
New Xrk shull bo required to file a
certltlcnto of their Incorporation nnd pay
an annual tax of 1 mill per dollar us a
franchise tux.
Governor Odell nlso recommends that
tho divorce laws bo amended so that
the decree shall not bo absolute until
six months after It Is granted. This Is
tho law In Nebraska. Ho ulso recom
mends thnt where relatives or friends
of Insane persons uro able to support
those clnssed as hnrmless insane thut
they shull not be made a burden on the
stute.
Whether the Now York legislature
will carry out these recommendations
Is problematic, but It niuy safely be pre
dicted that tho Albany lobby will ex
hibit unusual activity during tho legis
lative session.
Cuptuln McCalla Is devoting his share
of the prize money secured In the Span
ish wur to tho erection of a sailors' club
house lu Sun Francisco. The captain's
case Is a good illustration of the fnct
that It Is lu strenuous times thnt men
come to really understand one another.
From tho enlisted inuu's point of view
probubly no otllcer in tho navy was so
uupopulur us Captain McCalla, but his
conduct during the wur, and subse
quently lu China, has made him an idol
of tho scumuu and this latest uct will
add to their admiration. The trial has
demonstrated that under tho gruff ex
terior Is a soft spot and the man who
ouco uurrowly escuped being cashiered
from the service Is really a credit to the
service. v
The now board of education will ftftd
a very pertinent pointer lu an editorial
on the need of genuine reform In the
management of public schools and the
necessity of Judiciously pruning the sys
tem, published by a Chicago . contem
porary, which declares:
Tho 'school fads cost a largo proportion
of tho money raised for schools. When tho
school authorities find that they havo not
Income enough to pay for tho expense of
overy fqd and freak they adopt they cry
out at once that schools In the lower grades
must be discontinued, or the young pupils
dismissed, or the schools bo mado less effi
cient In Borne other way In the lower
grades. They never think of lopping off
nt tho (op. hut they always plan to cut off
somo necessary roots from which tho sus
tenance for the healthy growth of tho en
tiro school system Is derived.
Tho proposed erection of a flro engine
houso lu the Jobbing district Is doubtless
deslrablo, but It Is a serious question
whether two engine, houses are ueeded lu
tho lower end of town. In view of the
limited levy for thoHro fund It would
soen .practical ecoupmy to vacate tho
Tenth street engine houso and transfer
tho force- to tho new location us soon
as tho building Is completed. It Is nn
open question- however, whether better
ST BEE: SATURDAY,
protection can be assured by the bnlltl
Ing of a new engine house rather than
by tho acquisition of additional modern
lira equipment
The Interstate Commerce commission,
which Is about to hold a session lu Kim
sus City, proposes to create a sensation
by mnklug the grain elevator men nnd
tho grain denlers tell.why they get lower
freight rates than the ordinary grain
shippers. We apprehend tho prospects
of u greijt sensation by such disclosures
is about jis remote as the tremendous
sensation which was to have been
created by tho disclosures to the grand
Jury lu relation to those "well defined
rumors."
Recent efforts of eminent medical
men to project themselves Into public
notlcd by alleged discoveries 6f the
elixir of llfo would indicate that the
ethics thnt prohibit doctors from paying
for their advertising we're not estab
lished In vain. If these medicine men
who havo been getting so much free
advertising had paid for It at regular
space rates they would have been ta
booed as quacks, i
Several eastern railroads have Issued
notices that employes aud olllcers of
other lines will have the privilege of
purchasing half rate tickets, but under
no circumstance will nny person con
nected with another road, from presi
dent down to tho olllco boy, bo given
frco transportation. This Is a hard
blow to thu railroad presidents, who will
be entitled to relief by a liberal increase
in their salaries.
Another llnnnclal bubble has burst.
The syndicate which attempted to con
solidate a large number of street rail
way companies on a capital composed
chiefly of wind has been unable to meet
its engagements long enough to unload
on n gullible public. This Is moru fortu
nate for the public than" such collapses
usually are, for tho promoters cenerallv
get out und leave the lambs to bo shorn
alone.
The now ,postmaBtcr general has, de
clared himself In favor of greutly ex
tending the rural free mall delivery sys
tem, While much has already been ac
complished in this direction, It Is hardly
a beginning on tho Immense Held.
Whllo tho cities aro entitled to the best
of sen-Ice, the country must not "be
neglected.
Chancellor Andrews expresses the
opinion that the free text book system Is
not needed 1n tho public schools above
tho grammar grades. Tho chancellor's
experience as school superintendent In
Chicago ought to enable him to speak on
such n subject with some measure of
authority.
In Its Senile Days.
, Kansas City Journal.
uw uuiiiuwiKMb fcj U UUUtt DVCUJB III
bo in as feeblo a condition as tho demo-
no figure in "Tuesday's election. i
Great American I'eraaader.
Washington Star.
Among the circumstance that have
tended to thin tho ranks of populism Is
tho fact that a largo number of former
advocates of the doctrine have since mado
money in oil or stocks.
A IOiiesonie Pronpect.
Now York Vrvorld.
Thero Is ono man who will find It, diffi
cult to swear off on tho first. This Is Gov
ernor Shaw, who ' Is said to bo an ab
Btatnor from drink, tobacco, profanity and
all tho minor vices. It looks as If ho wore
going to find It mighty lonesome In wicked
Washington.
Fine Bunch of Leader.
Washington Star.
Thera was at ono tlmo a disposition to
rank Iowa as a fitting thomo for bucolic
jest. Dut with two cablnot officers In Mr.
Shaw and Mr. Wilson, an eminent and In
fluential member of the senate In Mr. Alli
son and tho speaker of tho houso of rep
resentatives all hailing from within Its
borders, Iowa has moro than ordinary right
to bo honestly proud.
Go 'Wax Hack and Smoke.
Philadelphia Press.
Speaker Henderson descrvos the thanks
of tho country for his courage In enforcing
tho rule of the house which prohibits
smoking whllo tho houso 'is In session. It
has been a great discredit to our national
abuse of representatives that smoking has
been carried on -more or less while the
house Is in session 'and when Iho galleries
have been packed with visitors, a large
proportion of whom were women. Speaker
Henderson does well in topping that dis
courtesy. Yankoniunln Succeed AnKlomnnln,
Indianapolis Journal.
Anglomania, or a disposition on tho part
of a tow persons In eastern citing to turn
up their trousers when it Is reported to bo
raining in London, has, , according to a
writer in the Jnnuary lssuo of the Forum,
largely disappeared. Now, however, the
conservative tlrlton Is alarmed at what
may bo designated ns Yankomanla, or the
adoption of American ideals and habits by
tho English. "The American question,"
meaning everything American, from tho
Spanish war to American trade expansion,
Is the topic dlscussod with nover-ondlng In
terest. I.arue Men from Small Tamil,
New York livening Post.
' Wo havo great reaped for the country
banker who has carefully studied broad
questions and worked ' out sound con
clusions and who often understands far
better than tho qlty-bred man tho feelings
of tho peoplo and the best way of com
manding their approval. The nation Is to
be congratulated that a president may look
to a small town llko Dalton, In Massachu
setts, with only 3,014 Inhabitants, or Denl
son, In Iowa, with but 3,046, for a man
worthy to succeed the Chicago bankor who
Is about to rotlro from public service at
Washington'.
A Illllton-Dollnr Country.
Chicago Chronlclo.
Tho New York Stock Gxchango record
for 1901 was moro than 247,000,000 shares,
as against tho "phenomenal" total In 1900
of 137,000,000. The bank clearings of tho
eighty-six large cities of tho United States
amounted to ;US, 000,000, 000, a gain of about
38 per cent over the preceding year. As
stock transactions and bank clearings aro
both an unfailing chronometer of business
conditions, the year that has Just closed
was the high wator mark of national pros,
porlty. Tho pages of J902 are wide and
marginal, however, and may contain
twelve months hence a story of even
greater prosperity.
JAN U All Y t, J 902.
PANAMA Oil MCAHAOI.Af
Ualtlmoro Aracrlcnnt Thero nro mnny
other, ndvnntoges In favor of Panama which
can bo found recorded in tho commission'
report In fnct, It has bocn asserted that
tho report in fnvor of Nicaragua was for
tho purposo of forcing tho Panama company
to sell at a reasonable price. If evpr ibusl-
ncss considerations should prevail, It should
bo In n matter Involving such a vast ex
pendituro of money.
Philadelphia North American: The Islh
mlnti Cannl commission estimated definitely
anil spcciiicauy the cost of building n
Nlcnraguan canal at J1SD, 000,000, but beforo
tho work Is even ordered to bo begun wo
find senators and representatives regarding
It as a Job and figuring on nn expendlturo
of nnythlng from double tho estimate to a
round billion. Even a member of the com
mission, nn expert engineer, In quoted as
saying that ho cost of tho canal may be
unlimited.
New York Sun: A saving of $1, 300,000
In annual charges Is 4 per cent on a capital
of 32,C0O,O0O. Adding to this tho Item of
$5,630,700 lu favor of Panama In tho cs
tlmatcd cost of completion, we actually
find that the Panama route would lie $38,
130,000 cheaper than the Nicaragua route,
providing the Panama property Is acquired
by tho United States for J40.000.000. This
would not bo conclusive- ns between tho two
routes; but It certainly would Inspire
further consideration on tho basis of the
now figures.
I.oulsvlllo Courier-Journal: Tho engineer
ing estimates have been drawn up nfter
very careful Investigation and may bo ro
lled upon. Incidental questions must arise
as to cost, but It would seem thnt tho
cheaper mnlntcnanco of tho Panama route
entitles it to favorable consideration.
Either Is practicable, but the Panama being
only nbout n third of tho length of tho
Nlcarngua gives It nn advantage that can
not bo Ignored. Besides, In tho opinion
of a great many engineers It Is tho better
of tho two routes for engineering reasons.
It follows, therefore, that tho offer of tho
Panama stockholders ought to bo carefully
consldorcd.
Boston Transcript: Tb.ls now opportunity
comes at tho eleventh hour, perhaps, but It
comes beforo the other project has been
definitely adopted. "It the campaign of
education can havo tlmo for development,"
says our Washington special, "with a
ppcclflc Fronch' proposnl to work on, there
is still a fighting chanco for the triumph
bf common sense." The commercial bodies
and political organizations of tho country
should Insist that nothing bo dono hnstlly
undor present circumstances. Tho conso
quences of a mlstnko would bo too mo
mentous to bo lightly contemplated. Tho
force of sentiment has hitherto, doubtless,
been with tho Nicaragua route. Tho pre
ponderance of expert testimony Is all tho
other way. Attempts to Jam through con
gress a definite canal bill, without knowing
what wo were, doing or whero wo wc.ro
going, havo been wisely defeated, and rash
hasto now would bo less Justifiable than
ever.
POMTICAIi IMl I FT.
Perry Belmont Is making a warm cam
paign In a New York district for a vacant
scat In congress. Tho election takes place
next Tuesday.
A statistician flgurca tho chances of an
Americnn boy In politics reaching tho presi
dency to bo ono In 30,000,000 A Doys, look
for another job.
Thero will be no chanco to throw a stock
Jobbing chargo at tho mayor of Now York
during his term. Before taking tho oath
of offlco Mr. Low disposed of all his hold
ings, amounting to $200,000.
Among United States government rocelpts
last year wero $2,965,000 from tho sale of
public land, $76,000 from penalties collected
for depredations on public lands and $232,
000 collected from the tax on sealskins.
Thero has been some controversy as to
the Identity of the' youngest momber of
congress, but thero is nono as to tho oldest
In either branch. That distinction in tho
scnato belongs to Pettus of Alabama, born
In 1821, and In tho houso to Grow of Penn
sylvania, born In 1823.
When tho solons of Pennsylvania looked
over tho ruins of tho burned capltol at
Harrtsburg a couplo of years ago they
concluded a $500,000 building would main
tain tho dignity of tho stato. Tho latest
plans submitted call for a $5,000,000 struc
ture, and It is likely to rival Now York's
costly pllo before it Is finished.
The state in which there aro tho least
number of government pensioners Is Ne
vada, In which they number only 275. There
aro 800 in Wyoming and 850 in Utah. Ohio
and Pennsylvania togother havo 210,000
only 10,000 loss than the total number of
persons engaged In tho federal servlco of
the United States nt homo and abroad.
'Connecticut is to consider amendments td
the present antiquated constitution of tho
state and a convention will rfeet in Janu
ary for tho purposo. Of its 169 delegates,
121 aro republicans and 44 democrats.
Thero aro two prohibitionists and two
lndopondont. Thoro nro 32 lawyers, 56
farmers, 25 manufacturers and .56 men of
other callings, Including two clergymen nnd
four physicians.
Secretary Hay was born in Illinois, Sec
retary Gage in Franklin county, Now York,
Secretary Hoot In Oneida county, New
York, Secretary Long in Maine, Secretary
Knox In Pennsylvania, Secretary Hitchcock
In Alabama and Secretary Wilson in Scot
land. The last is tho only member of tho
president's cabinet who Is not a native-born
citizen of tho United States. Postmaster
General Smith was born In Connecticut.
Mayor Low of New York boltevcs pub
licity In municipal affairs is a good thing.
On taking office last Wednesday ho said to
the newspaper men: "It Is my desire that
tho newspapers bo afforded overy oppor
tunity to Inform tho public abrfut the acts
of my administration. I believe in publicity
in regard to municipal affairs, and I want
the representatives of tho newspapers to
feel free to come to tho mayor's office to ask
about any mattors In which tho peoplo of
tho city may bo lntoreatdd." .
rum.iciTr Von thu tiiusts.
S)'Nnmtlu Scrutiny N'rceHMury for
flenernl Gnnil.
St. Louis Republic.
In the figures now presented by tho Now
York Journnl of Commerce, showing tho
total capitalization of all Industrial con
solidations tn the United States to approxi
mate $6,600,000,000, thero 1b found addi
tional rei.son for Insistence upon publicity
of trust affairs for tho protection of In
vestors and tho general public.
To securo obedience to equity and law,
the vast businesses carried on with this
glganllo capitalization should bo subject to
systematic scrutiny. The consolidated cor
porations In question enjoy certain privi
leges which legitimately subject them to
supervision similar to that of tho affairs, of
banks. They should be required to mako
sworn stntoments of their condition nt
regular intervals. Tho ovll of ovor-capltull-zatlon
should be guarded against by ac
curate public knowledge of tho value of the
properties and business capitalized,
Tho peril of the present system of trust
capitalization Is plain. The general public
Is in profound Ignoranco of trust conditions.
Investors necessarily take undue chances
when they buy trust securities. Thero
should be at least a reasonable guarantee of
snfety to Investors as well as to consum
ers. This guarantee must be found In pub
licity, as one measure of regulation,
OTHKIl l,AJil)K THAN Ot'ltS.
Tho movement among representatives of
capital and labor In tho United States to
promote better relations between these In
dustrial forces by conciliation and arbi
tration gives timely Interest to Australian
measures having llko ends in vlow. tin
llko tho movement in this country, that
In Australia has tho force of law. In New
Zealand arbitration has for somo years
been enforced by law and this law has
formed tho basis' of tho Australian measure.
It recognizes Industrlnt unions of both
employers nnd employes, but provides that
only tho registered undo union can be
rcglstored ns nn Industrial union of em
ployes. Thp president of tho court must
bo a Judge of tho supreme coirt. Every
care has been taken to mako tho court nn
Independent nnd dignified tribunal, Its
powers nro very largo nnd no appeal lies
from Its decision.
Every Industrial dlsputo can be referred
to tho court by tho union or tho rcglstrnr.
Orders of tho court may bo enforced, ns In
Now Zcnlaud, by Injunction or by fines
nnd penalties levied ou tho corporate funds
of tho union nnd on Individual members,
but thoy are nlso cnforcbnbto "upon the
declaration of n common rule."
This gives tho court power, to declare
that any practice, usage, condition of em
ployment or Industrial dealings shall, with
such limitations and exceptions as tho court
may declare, become a common rule for nil
persons employed In tho Industry undor
rcvlow. Provision has boon mado that tho
legal machinery of tho court shall be as
clastic as posslblo, so thnt It may bo
adapted to tho varying circumstances of
each trade nnd thus, tho court will become
In time tho regulator of tho main conditions
of employment and will nlso watch that
these never fall bolow those which prevnll
In tho best-conducted establishments. Tho
court has nlso power to declare n stand
ard wage and to direct that other things
being equal an employer shall give n pref
erence to unionists when two or moro men
nro npplylng for employment nt the same
tlmo.
Tho German government has Issued an
edict dealing with tho question of domestic
slavery In South Africa. Tho object of
tho edict Is to pavo tho way for tho nboll
tlon of slnvcry, and, for that reason, Its
regulations nro duo to tho fifteenth section
of tho code for tho German protectorates.
Thoro nre seven sections In the edict,
which provides thnt neither by salo of a
man s self, nor by salo effected by rela
tions, shnll a relationship of slavery be
henceforward established; that every do
niestlc slave bo empowered-to terminate his
stnto of slavery by payment of a sum of
money for his redemption; (tho amount of
this sum shall be decided by the competent
admlnlstratlvo authorities, who shnll give
him a certificate of emancipation); that
every domestic nlavo shall bo permitted to
work for himself during two days In tho
week, or to uso for his own purposo tho
corresponding proceeds of his labor; that
the master of a domestic slave Is under
obligation to maintain him and provldo for
him In old ago and sickness, (this obliga
tion Is not canceled by emancipation
granted during tho period of old ago or
sickness); that tho transfer of the rights
of ownership can bo accomplished only
with tho consent of the slave; (beforo ac
cording assent, tho authorities shall care
fully test tho legality of tho ownership,
and tako hec,d that members of tho same
family shall not bo separated without their
consent); that the rights of ownership shall
bo forfeited in tho event of fho owner's
committing any grave breach of his duty
toward his slave.
Section 7 reads: "Offenses against tho
Drovlslons of this' edict shall be punished
by a fine' not exceeding 600 rupees or by
imprisonment for a period not exceeding
throo months, except In those cases where
a heavier penalty is Incurred by vlr'tuo of
othor law,"
Tho speech which tho French, prlmo min
ister, M. Waldcck-Itolisseau, delivered in
tho French Chamber tho other day In oppo
sition to tho proposal to suppress tho bud
get of public worship, or, In other words, to
stop tho salaries or tho clergy, was a noio
worthy utterance. Such a course, ho said,
might bo ono of tho conscquoncos or a sep
aration of church and state, but would not
alone sufflco to bring that separation about,
as Homo seemed to suppose. Urging the
advisability of retaining tho power exer
cised by the stnto over tho clergy, ho said
U was of vital Importanco that bishops
should not be appointed .by the Vatican, and
tho priests by (ho bishops. If that wore
done, Ultrnmontanlsm would becomo not
simply a doctrine, but a fact. Within the
Inst ten years tho pulpits In tho parish
churchos hod been, so to sny, political plat
forms. Now, owing to the policy of tho
government, what had boen tho rulo had be
come tho exception.' This was proved by
tho result of the promulgation of the law on
associations. A great agitation had been
predicted, but only sixteen bishops had
referred to It otherwise than as a law to be
obeyed. Evory ono know that, to effect tho
separation of the church nnd stato, somo
thtng moro than tho striking out of a
credit was required. Moreover, thoro was
not a majority in favor of such a course
In tho preceding legislature only 180 depu
ties had voted for It, whereas, In the
prosont chamber, tho votes In favor of It
had been 166, 169 nnd 179 votes, respec
tively. Where were the extra votes to
como from? From tho conservatives pr
Catholics? Ho beggod tho houso not to
undertake such a vast work as tho Repara
tion of church and stato, without being
certain of success, becauso tho smallest
check In such a matter might cause a
retrogrado movement In republican politics
which It would bo difficult to check. M.
In These Days of Sales
and cut prices there nre many things to consider, es
pecially the goods nnd "NVIIO sells them. There are
plenty of people who are caught with extravagant
announcements of great reductions thnt nre so sadly out
of reason as to be ludicrous to those who will stop to
think.
Our broken lines of clothing, furnishings and hats
have lieon reduced nnd you enn find some renl bnrgnins
here. If you are looking around the town at values that
others are offering take the time and look over ours be
fore you thoroughly decide upon your purchase.
"No Clothing Fits. Like Ours.'?' '
Jrovii-J:(
Exclusive Clothiers and Furnishers.
R. S. Wilcox, Mauaser.
Wnldcck-RousscaUjWn svpbortod by n vote
of more than 4 to il
Mr. Gerald Ilnlfour, president of th
British Board ,ot Trade, dollvctal nn td
dress on England's qblpplng trado tho other
day, at a dliine of "the Liverpool Ship
brokers' Benevolent society. In tho courso
of It ho snld thnt tho growth nf the .British
shipping Industry sltico tho accession of
Queen Victoria hnd been marvellous, oven
In nn ngo of progress. Tho number ol
vessels on tho register of the empire hnd
Increased from 26,000 In 1S30 to 33,000 in
1900 nnd In ntrnmshlfiW froni' ono In forty
to one in three. Thero hnd nlso been nn
enormous Increase lu tho tonnage of steam
ships. With nil this enormous advance
thero hnd been, with tho substitution ol
steam for sailing ships, n very great
diminution In tho loss of llfo nt a. Deal
ing with tho question of. foreign competi
tion, ho snld tho' trnnsfet'enco of British
vessels to foreign (lags had naturally occa
sioned a great dent of comment within tho
Inst few years. jDurlug tho past year thero
had been so transferred vessoli of tho gross
tonnngo of not less thnn 600,000, init It was
to bo remembered thnt during tho samo
year there had bocn ndded to tho British
reglstor 1,200,000 tons gross, tho significant
fnct being thnt 93 per cent of tho latter
was now tonnngo, almost entirely con
structed In tho United Kingdom. Offlho ves
sels transferred 33 per cent ero con''
structed before 1885, nnd no less that u.r
per cent Wero constructed beforo '1890. "rh:
was n very material fact, ho said, In tbe
truo slgnlflcnnco of this transference 3(
ships to foreign flags. Ho admitted th.t
they could not regard with anything Ilka
indlffercnco efforts mado by forolgn gov
ernments to securo n larger share of the
carrying trado of tho world. Tho British
shipping trado occupied n uniquo position
among tho Industries of tho country. Moro
thnn any other, It was essential to, nnd In
timately connected with, thq llfn tf tho na
tion. If tho British lost' their mercantile
mnrlno it would mean nothing less than the
destruction of tho British empire. That
empire was essentially nn empire- of tho
sea; It rested upon two great supports, tho
navy In tho first instnnce; and tho mercan
tile marlno In tho second,
IHtEI?7.Y CHAFF.
Baltimore American: "But," protested
tho Angry Creditor, "you snld you guessed '
you would pny mo today." -
"I know I did." explained tho Humble
Debtor, "but, you sec, 1 nm such n poor
gucsser."
Atlanta Constitution: An n'uthdr wroto
to his publisher: "Can 1 hopu for any
royalties from my book this yonrT"
Tho publisher replied: "Yps, you can
hopo. There's nothing In tho world to
hinder you."
Now York Weekly: Excited Cltlzcn-I
wnnt n mnn arrested right away I I'vo
been nssaultcd and I wasn't .doing a thing
but walking along tho street tn a quiet,
orderly and Inoffcnslvo manner nnd
whistling.
Justice Um-cr- what tuno wero you
whistling? '
Cleveland Plain Dealer: "Would It be
contrary to tho rules of humano warfare?"
"If what7"
"If tho kaiser should flro a llmburgcr
shell or two Into tho midst of, those un
suspecting Venezuelans?" i
Brooklyn Eagle r "How far Is tt from
Irvlngton to Tlrldgcport?" Inquired tho
chauffeur of the racing automobile.
"About forty-five miles as tho flying ma
chlno Mies," responded the man, leaning
against the fence.
Baltimore American: "What does this
mean?" Inquired tho Investigating Com
mittee. "You havo most of your shortago
charged up to 'running 'expenses.' "
mat, oxpiainea me uonirue iumoczzier,
"refers to my automobile."
I'hllofVlnhln Press: Mrs. 'Gaussln I un
derstand from Mrs. Jokoy that your doctor
has been guilty of oonduct -unbecoming a
gentleman. " '
Mrs. ftieeniey -n, yes .
Mrs. aausslD For goodness sake! How?
Whon- . . ...
Mrs. MecKiey on: constantly. My doctor
is a lady.
. SAUSTIN 8 TIB 5 TOE POETS.
Laurcato Austin In the Independent.
Should envious aliens plan and plot
'Gainst ono and now tho other, .
They swift would learn how strong tho
knot
Binds brother unto brother. , ,
How quickly thoy would chango their tack
And show thq recreant feather, , .
Should Star and Strlpo and Union Jack
But float mast-high togctherl
Now let ub glvo one hearty grip,
Afl by truo men is given.
And vow fraternal fellowship
That nover shall be riven; . .
And with our peaceful flags unfurled,
Bo fair or foul tho Wenther,
Should need arise, faco nil the world
And stand or fall togother,
Chicago Inter Ocean, ,
Should envious aliens plan and plot
And fight one with tho othor,
Your Undo Snm would surely not
Play scapegoat for his brother.
Discretion ho would nover lack
Or go beyond his tether
By tangling up the Union. Jack.
And Stars and Btrlpes togethor.
We've no objection to a. grip
Of hands across tho ocean,
But will not risk tho Yankee ship
In seas of false emotion , ,
By veering from our courso to Tight
A craft that's almost stranded,
For Jonathan prefers to fight
His battles single-handed.
' Kansas Clly Journal.
As grow two flow'rets one on stem
By self-samo showers Watored,
So wo aro blooming Just like them;
And though wo sometimes tottered,
Yet we havo llvfd through every storm
And through nil kinds ot weather,
And over In truo friendship warm.
We'll live nnd bloom "Togother."
We're Btandlng proudly sldo by'slde,
Just like the twins of 81am, , .
The bonds of blood so closely tied
That we're cemented by 'cm.
If one should try to get away,
'Twould bo n question whether
Tho other would survlvo Jho day
Wo didn't stand "Tpgether."
y