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About Omaha daily bee. (Omaha [Neb.]) 187?-1922 | View Entire Issue (April 16, 1903)
TITE OMAHA DAILY MET.t TlttmSDAT, ArRIL 1G, 1003.
The Omaha Daily Bee
E. KOdEWATER, KDITOR.
PUBLISHED EVERT MORNING.
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THE BEE PUBLISHING COMPANY.
STATEMENT OF CIRCUIATION.
Btate nf Nebraska. Douglas County, as.:
Oeorge B. Tischuck, secretary of The B't
Publishing Company, being duly sworn,
ay that the actual number of full and
complete copies of The Dally, Morning,
Evening arid Sunday Bee printed during the
month of March. 1D0B, was as iouows
Less unsold and returned copies... 10,481
Net total sales W,014
Net average sale 80,058
GEORGE B. TZSCHUC1C.
Subscribed In my prjsence and sworn to
before ne this Hint day of March, A. D.,
19UJ. M. B. HUNOATE.
(Seat.) Notary Public.
Our Dave will now bare a chance to
wo.-k for the populist ticket Just to get
Ike Hnscall, Hroatcb, Vic Walker and
Walter Molse have all joined banda for
reform and populism.
There la nothing to hinder anybody
afflicted with a sore bead from running
by petition. This Is a free country. .
The populist city ticket ia like the
play of Hamlet with Hamlet left out.
There la not a solitary populist on the
. The labor market ' throughout the
country may be characterised most ac
curately just now aa being in a state of
It now transpires that the insurance
agents on the ground floor of the legis
lature bad the best of it orer the In
surance agents in the lobby.
Now that cx-rre8ldout Cleveland has
spoken from the same platform with
Booker T. Washington, it will be In
order for Henry Watterson to thro-ar
another fit of exclamation points.
According to the local demo-pop organ,
atreet car passengers who ride on Mr.
Howell's platiorm will only pay 3 cents
car fare. Would It not have been more
catchy to promise them free rides?
If the' corporation managers will
kindly give their consent the people
would like very much to have an occa
sional inert lug of the city, council to
transact such business aa cannot well
be postponed until after election.
The patronage of governors, like the
patronage of congressmen and senators,
always develops nine enemies and one
Id grate. But governors, like congress
men, banker after the appointing power
even with the knowledge that it ia
bound to destroy them.
If the Gould lines are really to be
extended through Nebraska so as to
make the Missouri Pacific an active
competitor for Nebraska business, it
may become necessary to re partition
the politics of the state by cutting off
another slice for the new road.
The most dreadful mistake of all Is
the Inexplaluable omission of the popu
lists to adopt a platform in their city
convention and stand their nominees
upon it. A populist Is always a popu
list from principle and without a plat
form to follow is worse off than a sailor
without a compass.
The ' Northern raclflc has come' to
terms with its trainmen, who were
threatening a strike, rather than go into
the courts to enjoin its employes from
quitting. ilm Hill's 'experience with
the courts In eeverui reveut cases' seems
to 'have shuttered bis confidence in
judicial Intervention as a prop for his
cfceniea of railroad conquest.
Governor Mickey's day of grace for
the approval or disapproval of bills
passed by the late legislature has ex
pired.. Taken altogether, his veto pen
did not do half the execution that was
done by Governor Iiletrlch two years
ago. We believe the taxpayers would
not have suffered had Governor Mickey
been still more liberal In the use of his
General Baldwin has come promptly
to the front with a statement that he
was misquoted lu his Interview express
ing a preference for Filipino and uegro
soldiers because their loss would not
worry him so much as would the loss
of white soldiers. General Baldwin
would do well to remember that for
the soldier, even mure than for the
etateeman, alienee la goKku where
apaecb U Mi, ailvtxt
THE AXTHRAlrta COMBtBK. -'The
American Anti-Trust League has
asked Attorney General Knox to insti
tute both civil and criminal proceedings
against the Anthracite Coal Trust and It
is not to be doubted that the public
would heartily approve such a course,
If tin-re are adequate grounds for It In
regard to this the Springfield Repub
lican remarks that the anthracite coal
roads are engaged In a business where
competition has'been crushed out by
means closely similar to those employed
to unite the Northern raclflc and Great
Northern railroads. In other words,
they are united on the coinmunlty-of-ln-terest
plan. ' There are Inter-ownerships
of stock In companies that are natur
ally competitors and It would seem to
be clear that this is unlawful in the
view of the decision in the Northern Se
That the relations between these coal
carrying railroads, as developed in the
anthracite strike, Is a matter that ought
to be Investigated by the federal au
thorities, perhaps by the Interstate
Commerce commission, appears plain.
It has been understood that an Investi
gation was contemplated, but nothing
has been beard to this effect alnce the
coal strike commission entered upon Its
work and perhaps it Is .not now pro
posed to look into the combine. Possibly
the request of the anti-trust league will
revive interest in the matter ' In the
proper quarter, especially' if it shall re
ceive such public support oa it' ought to.
The Anthracite Trust is, rn unquestion
able fact and that it is. amenable to the
laws Is a proposition which will "be very
generally accepted. The general pub
lic would welcome action looking to the
dissolution of the combine.'
BATiStltD niTH TBB DECISION.
President Williams of the Seaboard
Air Line railway Is the first railroad
official, so far aa we have observed, to
express satisfaction with the merger de
cision. He regards It aa in the highest
degree beneficial to the railroad Inter
ests and general business, remarking
that the' Independent roads and systems
are by the decision 'assured that con
necting lines with which they inter
change business cannot be" bought up
by some powerful competitor of their
own and of such friendly connecting
lines, and the holders of securities In
the Independent systems will be as
sured that their interests cannot be
jeopardized by the sale ' of majority
shares to rivals whose Interests may be
to divert the business, of the road to
other channels at the expense of minor
ity holders.- On the other hand, the
larger systems are protected against
the building of parallel lines con
structed to force them to buy to protect
themselves. Speaking for the indepen
dent .roads Mr. Williams welcomed the
promise of continued fair competition.
He declared that instead of disturbing
our prosperity, the decision, if. sus
tained, would establish, secure and pro,
tect the commercial situation.
Such views from a practical railroad
manager who has evidently given in
telligent and thoughtful attention to the
subject, free from the influence of the
merger planners, are reassuring. .They
are sound views from the standpoint of
the public Interest and are in full ac
cord with general . popular sentiment
DiSCUSSIXO AMERICAN INV43IUX.
There Is in session at Rome an agri
cultural congress of European countries,
the chief purpose of which would seem
to be. consideration of the "American
Invasion" and the devising of some
plan or policy for meeting and checking
it. This was the subject before the
congress at Tuesday's session and so
much of the discussion as was flunnlled
by the press dispatches la interesting.
A representative from Hungary sub
mltted a project for European discrim
ination against America, proposing a
customs union of the European coun
tries a plan that has been pretty freely
discussed for the past two or three
year, without apparently having gained
any ground. It was opposed by the
former minister of the Italian treasury,
who forcibly pointed out the difficulties
In the way of suet) a scheme and de
clared that a customs union among
European nations is impossible. He
urged that If It were possible America
would defeud itself and Europe could
not find compensation for the damage
this country could do. A French dele
gate advised the study of a legitimate or
ganization of defense and opposed a
lollvereln. which , would be war. A
German representative favored an ag
gressive policy and proposed a commit
tee to "study the best way for Europe
to fight American Competition," -
There Is shown in tola renewed evi
dence of the very great solicitude with
which European countries' regard what
they call the American Invasion. 1 is
ajfio to be remarked that this solicitude
Is most profound ' anjoag , tie i German
people, there being apparently' no sym
pathy ' elsewhere with. ; .the ' idea' of
making commercial ;war t upon ' this
country. This is manifestly so as to
Italy, assuming that -the representative
of that country represented the general
views or bla people, and It seems, to be
also the case as to France. Those
countries would doubtless like to find
some practicable way of defense against
tne growing American competition in
their home markets, but they are not
prepared to go into any arrangement
with other countries that would Involve
commercial war. In Germany, how.
ever, an Industrial and commercial con
flict with the United States continues
to be freely predicted and the condi
tions that, are making for' It appear to
1 steadily growing stronger.. The In
dustrial depression whli-b has prevailed
lu that country for the past year or two
Is unabated and manufacturers realize
tluit a revival is hardly posslhle with
American competition Increasing. Ger
mauy is not at 'present , making any
substantial progress. She hag not full
possession , ex h tome ; market and
she is not extending to any material
extent if at all her foreign market. She
la also rapidly losing population
throngh emigration, due to the fact that
there Is not sufficient employment for
her labor. In view of these conditions,
the solicitude regarding American com
petition Is easily understood.
But the obvious fact Is that Germany
will not be able to Induce other Euro
pean countries, except perhaps Austria-
Hungary, into a customs union hostile
to the United Stntes. Without such
support can ' Germany afford to enter
Into a commercial war against this
country? We think there can be no
doubt that she would lose heavily In
aoing so ana tnat the consequences
might be serious even politically. Mean
while it will be wise on our part to
consider what we should do, by way of
fair and reasonable trade agreements,
to avert commercial war and preserve
our great Europeon commerce.
ISSVKS AND iVaX
In the present municipal campaign, as
In all other campaigns, The Bee does not
propose to be gagged by threats of per
sonal attacks on lta editors or the can
didates it is supporting. It will fully
and freely discuss issues and men. It
will discuss the issues from the broad-
gauged standpoint of good citizenship
and the best interest of the taxpayers
md the welfare of Omaha. It will
discuss men as candidates and their
records In public life. It will abstain
from all personalities or intrusion Into
their private affairs and private life;
In discussing candidates The Bee will
necessarily be compelled to point out
their fitness or unfitness for the posi
tions they seek and Incidentally turn
the light of publicity upon their rela
tions to the corporations that are sub
ject to municipal regulation and control,
and especially the corporations that nre
evading their Just shares of the public
burdens. If such a campaign Is offensive
to any man or paper, he Is at liberty
to put in a remonstrance or to apply
to the courts for a restraining order.
To begiri with, The Bee proposes to
handle shams and frauds without kid
gloves. It proposes to call a spade a
spade even if it is masquerading as a
coal shovel. It proposes to give the
voters all the information they should
have to make the best choice at the
polls under existing conditions.
If twenty-six members of the senior
class at the Omaha High school are de
ficient in their studies to such an extent
as to imperil their graduation with oth
ers who entered the school at the same
time with them,, there must be some
thing radically wrong with the methods
of instruction. Such a percentage of
failures Is altogether too great to be
accounted for by individual backward
ness of the pupils. - It would be a good
Idea for the school board to make a
thorough investigation into the work nf
thfe-lllgfc1 school wlth'-a Vlew'.to finding
tlia Caa( 'if' (kn .,.,l.t'..j
"v wvuuic nuu nlipij ing tne.
correct remedy at the earliest possible
time. The' young people in attendance
at the High school have only one oppor
tunity to pecure an education and to
force them to fritter away their -'time
by going over the same work twice Iri-
fllcta an injury that can never be made
good. . , . :
By the provisions of the new law lust
elgned by Governor Mickey the Lin
coln school board will be limited In its
levy for school purposes, not to a per
centage of so many mills on a dollar,
but to the absolute sum of $150,000 for
the year. This Is a new departure for
Nebraska school districts ud, the law
applies only to the district for the cltv
of Lincoln. Its practical workings will
be watched with considerable interest,
for if it serves to enforce a stricter
economy and ' better , financiering the
absolute limit will be extended to other
school districts as well, or at least to
those embracing the larger cities In
which the expenditure for school
maintenance really- determines the size
of the tax levy.
Another case of mob violence Is re-
ported from Louisiana In which the dis
covery has been made too late that the
wrong victim was executed. Inasmuch
as the burnt offering was only a poor
negro the matter will probably be al
lowed to drop, but such an outrage per
petrated in any other section of the
country would start general outcry
from an incensed public. Such exam
plea show to what an extent the moral
sentiment of the public Is dulled by the
general policy of negro suppression that
prevails throughout the south.
The best proof that Delegate Haar-
maun of the Second ward did not con
sider his rights trampled on by Chair
man Cowell's ruling In the republican
city convention is that he stayed In the
convention and participated In its pro
ceedings to the end. If he had felt him
self aggrieved he would have walked
out with the bolters. As a matter of
fact, be declared publicly immediately
after the renomlnatlon of Mayor Moores
that his vote was projierly recorded and
that he had no objection to make.
The laying of the cable from San
Francisco to an Island station of the
weather bureau thirty miles outside of
the harbor, the work and operation
being done by the weather bureau of
ficials, goes to show that there are no
practical obstacles In the way of a
postal telegraph. If thirty miles of
cable can b successfully laid and
worked by the weather bureau, 3,000
miles could be laid just as well and
made a part of the postal service.
The government crop summary, re
flects fine prospects considering the
early sta?e of the season, particularly
lu Iowa. und Nebraska where spring
wheat seeding Is well tiuib-r way. In
thefte two states the wheat licit and the
corn belt are growing constantly closer
together, and the farmer who works
both crops Is pretty sure to be on Easy
Another t candidate who did not get
enough votes in the recent republican
primaries has become convinced that he
ought to have been nominated Just the
some and will therefore sacrifice him
self as a petition candidate, although
deprived of the privilege of setting It
off with a bolting convention.
Trath Jars the ltasrala.
If Pennsylvania's governor signs the new
libel bill, freedom of the press in his state
will bs seriously limited. Truth always
sounds like libel to a rascal, when It is
Same "Fine Work 1st Caaada,
Rascality has been discovered in the ad
ministration of Justice In . Canada, and
Canadians say that American methods have
been demoralizing to them. Perhaps some
or our fugitives from Justice have been
getting la their work."
Diamond Famine Averted.
It is comforting t6 the poor laboring
people in this country to know that the
diamond cutters have returned to work and
that the starvation and self-denial that
might have resulted from a diamond famine
no longer stare the "honest worklngman in
An Element of Comfort.
Some of Mr. Roosevelt's sanguine friends
In Washington are already figuring out that
he can be elected in 1904 without New York
er Illinois or Indiana.' Of course that Is
quite possible, Dut'it would be more com
fortable to have one' or two of those states
up the party sleeve.' '
A Rare Modern Experlenea.
Kansas City Star.
The peace that passeth all understanding
Is beginning to dawn' on the president, who
has been cut off from communication with
the world for several days. Among the
persons who never appreciated tfcelr bless
ings and who failed to understand how well
off they were were the men and women who
lived before such Inventions as the tele
graph and telephone were even dreamed of.
Dire Punishment for I'mplres.
' Chicago Chronicle.
President Fulllam of the National league
declares with stern emphasis that hood-
lumism by the players of that organization
will Incur swift and awful punishment.
Previous declarations of a similar character
warrant us, therefore, in assuming that It
will cost a star performer at least $1.25 to
curse the occupants of the grandstand, In
dividually and collectively, and as much as
$5 to welt the umpire over the head with a
bat. The Muggsys" and "Patseys" will do
well to flee from the wrath to come.
The State HUM Have Trouble.
An Ohio Judge suggests that the laws bs
so amended that a state official shall In
terpose a defense. in. every divorce action
where the defendant -neglects to make aa
appearance. Of course,' his Idea is to pre
vent the obtaining qt divorces without suffi
cient cause but by polluslon of the parties.
He should remember: however, that the In
dividual who interfgres In family disputes
is apt to regret It, sooner or later, and If
the state did the 6m thing it. too. mlitht
have cause for regVrta,' -.
- ' ' V"l
, yideal CondlU,ja4 Portp.JBlco.
--.W IndlanftWls-Jburilal.- '
Hon. Jamfs.fli Hartan,-who has lust re-
lsgned the position, of attorney general of
Porto Rico, says the Island government is
making a splendid start. It has a $500,000
surplus and no debt pays no tribute to
the federal government and receives no aid
from It. The Island Is beginning to show
so much, prosperity, that Mr. Harlsu fears
congress, will do something to mar it. "II
congress,", he says, V.will simply leave
Porto Rico alone for the next twenty-five
years the people of this country will be
astounded at ths result. Porto Rico will
be the garden spot of the country, sup-
porting a well-to-do community of in
telligent citizens, . patriotic! and peace-
A Physician for President.
Philadelphia rMedlcal Journal.
It Is rather Interesting to note that the
recently elected governor of Rhode Island,
who Is a physician, has been prominently
mentioned as a ' candidate of one of the
great political parties for the presidency.
It is not the function of this Journal to
boom any man for president of the United
States, even if he he a doctor of medicine,
but stilt we cannot fall to note this In
teresting fact. Dr. Garvin Is not the only
physician wbo is a governor of a state at
the present time. There Is also Dr. Pardee
of California. It 1 often said that only
soldiers and lawyers are elected to the
presidency. And there Is also Oen. Wood,
who Is both a soldier and a doctor.
Stranger things have happened than the j
election of a physician to be president. .
RAILROAD TAX EVASION.
Terminals Practically Untaxed ia
Chlcaro na In Omaha.
The distinction that real estate becomes
something else for taxable purposes when
It is owned by a railroad has been sus
tained by a Jud?;, but If It Is good on law It
la not good In morals or reason. - We will
take a concrete example to show how It
works from among the tables published In
the Record-Herald Sunday, the Reynold's
statement giving the following valuations
lo the property of the Chicago and North
western Railroad company In thla city:
Company's Assessed Real
value, value. value.
Main tracks. ...'...$ $152,430 $ 716.107
fide tracks 615. t8 376,399 1.1MI.271
Keal estate S.2D0.636 21,4iW,174
It appears also that the company occu
pies land in streets which Is valued as fol
lows: West Chicago streets, $1,384,880;
North Chicago streets, $901,500; St. Charles
Air Line elevated tracks, $150,000. Thus
the difference betwvn the company's esti
mate and the real value amounts to $21,-
f64,655, and when we come to the question
of the assessment we And that the method
of assessing Is to determine the value of
the railroad as an entirety In the atate,
then to assess the Tolling stock, and tho
buildings and the superstructures, then the
main and side trscks, and finally to lump
everything else aa main track and right of
way, so as to make the desired total.
The land occupied and owned disappears
as such In this calculation with disastrous
results to the public tressury, for ths rase
that we have cited Is typical. Leaving out
the valuation cn Invaded streets, this thow
tng is mads for six corporations; Com
pany's valuation, $5,070,104; real value,
$70,440,354. It Is estimated that If the real
estate were assessed separately the city
would get $1,000,000 a year mors for cor
porate purposes and $1,500,000 for school
And why should there be a practical ex
emption on a mere Juggling with names?
Why should the owner of adjoining prop
erty be held to a strict accountability
under the law fcr b$ bit of land when ths
charmed strip atror the line becomes like
the baseless fabric ef a vision la the tax
gatherer's eyes? It would require the logic
of 'the gravedlgger' In "Hamlet" or of a
railroad attorney t4,exnUia this mysurjr.
An Kaatern View of Reeent Interpret
tlona of the "town Idea.
New Tork Mall and Expres rep..
It Is Interesting to observe the effect
upon the discussion of tariff revision, as
It Is carried on In Iowa, of the recent
declarations of President Roosevelt, Sec
retary Shaw and Secretary Root, in favor
of letting ths tariff alone, and of making
future amendments to the schedules only
when their necessity shall have been dem
onstrated. Republicans to the state that
has given its name to the "Iowa Idea'
have been somewhat elastic in their deflnl
tlons of that idea. Various of their wise
men have presented their Interpretations.
All of them, however, agree in clinging to
the principle of protection. They have
differed chiefly as to the time when the
tariff could be revised by Its friend with
advantage to the country and without
checking the progress of Its prosperity.
Governor Cummins has been regarded
as the chief exponent of tbs "Iowa idea."
He has expressed Ms wish to Include that
Idea In the next republican national plat
form. Tills leaves htm free to formulate
an expression of that Idea that may be In
constructive harmony with the attitude of
Secretary Shaw, who has also been a gov
ernor of Iowa, toward tariff revision. An
opportunity to put the "Iowa idea" Into
more tangible form will occur at the re
publican convention this summer, which
will nominate a state tlcketi Some Iowa
republicans have suggested that Senator
Allison write the tariff plank In the state
platform. If this venerable senator con
sents to accept that responsibility, we may
be sure that the "Iowa idea" will appear
clad in the full panoply of protection, armed
to defend the customs duties against any
assault, overt or disguised, by free traders.
A recent expression of opinion by Senator
Allison shows that he Is in accord with
the administration in opposing any prcject
looking to tariff revision before the bext
Altogether, the effect of the tariff utter
ances of the president and members of his
cabinet seems to have been wholesome In
Iowa. There is a prospect that the repub
licans of tuat state will be able to meet
upon common ground at their coming con
vention. They should then exhibit a degree
of harmony In contrast with the Kilkenny
fight that the democratic state convention
will, repeat over the approval of Bryan's
Kansas City . platform.
SUCTTINQ DOWN ON SYNDICATES.
New York Banks Now Discriminating
-. Aa-alnst New Flotations.
New Tork Evening Post, April 11.
As a result of what has been said con
cerning the present volume of undigested
securities there has been much discussion
in financial circles over the willingness of
the banks to consider new syndicate propo
sitions or capital flotations. Inquiry among
important banking Interests this week de
veloped the fact that no new loans will be
considered vntll the market Is relieved of
some of the present burden. This action
applies to many large Interests, and has
been taken as a precautionary measure in
the effort to keep bank funds In a liquid
condition. While the banks have In most
cases required ample margins on such
loans, the feeling is expressed that this
security should be fortified by forclDg the
borrowers to pursue a conservative course.
One of the syndicates-was said to . have
complained" bitterly "some time ago at a
Wall street tank for arbitrarily advancing
Its rate t per cent. The action was taken.
an officer of the bank said, to make the
syndicate .lighten Its losd and restrict
operations This It did without :dolay, for
4 he bank's-action advanced the syndicate's
Interest charges $20,000 annually for each
$1,000,000 loan carried.
Nearly all the large banks this -week ad
mitted their unwillingness to finance new
capital Issues Just now. An officer of an
Important Wall street Institution put the
matter thus: "The banks are urging their
customers to 'take breath.' It Is time
they should. Not that the situation Is
disturbed or that people are seriously in
volved, but as a common sense measure to
get in shape for later demands. Last
season the banks were caught capping, and
when the crop was ready they experienced
difficulty in financing its movement. Now
they know In advance what the demand
will probably be. and It Is the part of wis
dom to prepare for them as best they can.
'i syndicate proposition must be viewed
in the same way, and bank funds held
within easy reach without tying them up
in long term leans or Indigestible collat
eral. To this extent at least the banks
may be said to have called a halt as an
act of conservatism and not because they
have anything to fear in the nature of
Shamrock III Is the fastest yacht ever
built, and Reliance Is the fastest yacht ever
built. It is going to be a swift race.
James A. Dumont, who has Just been
appointed steamer Inspector at New Tork
by Secretary Shaw, Is nearly 80 years old.
Joseph Downey, a Chicago contractor.
has Just returned from a tour around the
world, which he made at a cost of $5,000
to win a $20 bet.
H. H. Rogers, the Standard Oil magna'e.
who Is worth $40,000,000 or $"0, 000,000, Is
suffering fearful agonies because his di
gestive apparatus refuses to go.
The cooks and housemaids of Boston have
formed a union. While full details of the
organization are lacking, it Is said that
they have agreed to allow the "lady of the
house" one day out a week.
It Is said that the shah ' of Persia has
more hard cash put by than any other sov
ereign. In his palace at Teheran the
"king of kings" Is supposed to have a sum
estimated at $50,000,000 In specie.
Levi Ankeny, the new United States sen
ator from Washington, Is one of the fore
most captains of industry In the Pacific
northwest through bis large Interests In
agricultural, backing, mining and other in
dustries in his state. ,
Charles T. Taylor, mayor-elect of Man-
kato, Minn., Is the heaviest chlsf executive
of any city In the United States. He
weighs 403 pounds, but Is as nimble as a
kitten and one of the fastest pedcstrlsns
In the city. Hs Is a democrat of the strict
August Manns, the eminent musical con
ductor, contributed the following litany to
the London "Chronicle" when asked for a
sentiment! "From ambitious singers with
bad voices, from fiddlers who play out of
time, from Wagner disciples without talent,
good Lord, deliver us."
United States Circuit Judge Amos M.
Thayer, who wrote the unusually lucid opin
ion in the Northern Securities rase, was
bora In Chautauqua county, New Tork,
sixty-one years sgo, was graduated from
Hamilton college and served In the civil
war aa a lieutenant In the signal corps.
He lives In St. Louis. He was appointed a
United States district Judgi for eastern
Missouri la 1887 by President Cleveland.
W. E. Gonzales has succeeded his brother,
N. O. Oonzales, who waa shot by Lieuten
ant Oovernor Tlllqjan, aa editor of The
Columbia State. In closing his brief "an
nouncement" Mr. Oonzales says: "To Its
old principle and Its old-faiths 'The Stat-)'
Is pledged, and for them It will aland, by
tbs help of God, beyond this generation.
No oam will appear aa editor at the head
of ths as eolumna. That sparo H dedicated
as a perpetual memorial to him whose
spirit Uvas wlta na."
THERE tO NO SUBSTITUTE
ROUND ABOUT NEW YORK.
Ripples oik tho Corrent of Life la the
The decision In the Northern Securities
case Is as great a blow to the syndicate
lawyer as to the financial promoters of
combines In New Tork. A slgnlficaat after
math of the case is the resignation of James
M. Beck, assistant to Attorney Oenerar
Knox, and wbo conducted the case at the
hearing In Su LoUls. Mr. Beck Is a Pblla
delpblan. He Is well known to the people
of Omaha and the west, having distin
guished himself as the orator of the day at
the opening of the Transmlsslsslppl exposi
tion. The laurels .won In the merger case
make him a desirable acquisition to the
legal talent of the metropolis, among whom
he has decided to cast bis lot,'
Holland,- the New Tork correspondent of
the Philadelphia Press, discussing the effect
of, the merger decision, says the result Is a
severe blow to professional pride. "Since
the second election of President McKlnley,"
continues the correspondent, "capital rep
resented by Mr. Morgan and Mr. Hill, James
Stillman and others, on the one hand, and
again by Mr. Morgan and all of those who
are Identified with the United States Steel
trust, that Is to say, capital aggregating
nearly $2,000,000,000, called upon the ablest
counsel In New Tork Cltv for the drafting
of certain propositions, one Involving the
development of corporate community of In
terest by a corporation with a capital of
$400,000,000, and the other a contract for the
exchange of $200,000,000 of preferred stock
of the steel corporation Into bonds aggre
gating a like amount. Not before In any
one year have the lawyers of New Tork or
any other city been called upon to formu
late propositions of this kind, so that they
could be the charter of the proceedings pro
posed by these capitalists.
"Both of ths propositions are In many of
their features absolutely new. In both of
them there were the rock of statutory or
of common law obstacles to surmount or
pass around. Each of them Involved, not
only directly hundreds of millions, but also
Indirectly the enormous flotation, of capital
or ' security 'obligation. In the one case
there was need of the advisory services of
a financier who understood well all the arti
ficialities of modern financing, and to thla
service Oeorge W. Perkins was called.
"The proposition involving the exchange
of United States Steel stock for bonds was
exceedingly difficult, both from the point of
view of finance aqd of common law or statu
tory requirements. The Northern Securities
DrODOSitlOn did tint nrMnl manw m.1,141..
from the flnanelnr nnlnt .1 k. ..
confronted by, first, the political opposition
01 mucn or tne northwest, and, next, by the
obstacles discovered both in the state and
federal requirements. -
"Judging by standards recently adopted,
the fees that the lawyers charged for draft
ing these Instruments were in amount what
many citizens would regard an ample for
tune. It la the understanding here that,
when the lawyers began this work, and upon
both propositions the same lawyers were in
part engaged, the United States Steel pro
ject was regarded aa the more difficult so
to formulate as to enable It to stsnd tbs
test of Judicial interpretation. Upon both
of them there Is concentrated labor and pro
fessional learning and experience that would
easily qualify the lawyers engaged in thla
work for a position upon the bench of any
of the higher courts.
"When the Instruments were perfected
and the organizations consummated It was
immediately known that both would be at
tacked ia the federal courts. From the
professional point ' of view the lawyers
were far easier with respect to the North
ern Securities proposition than with respect
to the United States Steel trust propo
sition. If their prestige was to be In any
way Impaired, they were of the "piston
that that misfortune would come through
a decision In the United States Steel trust
"Within a tew weeks the United States
courts have passed upon the work done by
these lawyers, and, In doing that, have fur
nished them a surprise The courts havs
pronounced the Northern Securities propo
sition bad In law, and the concentrated
labor given to this document by these able
lawyers seems to have gone for naught.
"On' the other hand, the federal courts
have declared that the Instrument formu
lated by these same lawyers, which wss the
charter by which $200,000,000 of steel stock
is to be changed for bonds. Is good in law.
Is equitably Just, and therein the prestige
of these lawyers Is maintained or Increased.
"What they have lost In one cas they
have gained in another. With respect to
the Northern Securities decision these law-
For the Extremities f '
You need a new hat to top off with and -new
gloves. . .
Suits, too, are fitted as quickly as hat
XO CLOTIUSO FITS LIKE OXHOi.
yers feel that the Instruments which they
dratted did express the law, until the courts
Despite the fact that the new excise Isw
In New Tork will throw 10 per cent of the
retail liquor dealers out of business, there
Is no danger that any legitimate thirst will
go unslaked after May 1. There are 11,000
licensed rum selling places in New Tork.
Putting the average at three men to the
bar the city has an army of no less than
33,000 valiant men assisting satan la his
raids on gray matter and drowning out of
their caves the bats of care. The present
licenses bring In $7,600,000, which sum Is
also paid by the patrons. Rent amounts
to $11,000,000. Assuming that the proprietor
makes an average profit of only 60
cent, patrons must pay ths wholesa
$55,000,000. The grand total, therefore
amounts to over $120,000,000, The new law,
it Is generally conceded, will not reduce
the consumption of whisky, but It will be
a great saving in policing the city.
FLASHES OP FIX.
Clara Why that flush of embarrassment
as you left the room?
Clarice 'Bh. The clock on my stocklng
had run down. Smart Set,
Applicant And If we want certain
changes made In the flat
Janitor Well, when people want 'em very
bad they generally move. Brooklyn Eagle.
Willie Pa, what la a "preferred creditor,"
Pa A preferred creditor, my son. Is one
who doesn't bother us much with his bill.
Look out for the demure girl. The more
Innocent she looks, the more dangerous ehe
always Is. Somervllle Journal.
"My boy rays his ambition is to grow up
to be a man just like his father."
"Don't let that worry you. When I was
your boy's age I had a burning desire to be
a pirate." Stray Slorlea,
"I am afraid you are not familiar with
the way of civilized society."
"Oh. yes I am," answered the sultan of
Turkey; "I can have the servants 'not at
home' when it Isn't true Just the same aa
If I lived at Washington or Newport."
Washington Star, .v '? -t. n,. . s
Coddle Whenever I eee you, you are
reading a novel. Tou don't mean to say
you remember all of themT
Short Dear me, no. It'a because I don't
remember them I like to read them. Bos
"Why, Oeorge, what an enormous pile of
letters," exclaimed the bride of a week.
"Billets doux, I suppose."
"No, my dear," replied the other half of
the sketch. "They are Mines overdue.
I Chicago News
THIS LITTLE KINO.
There Is a potent little klng
In every household ruling
A helpless, dimpled, darling thing
Who, howsover drooling.
Dispenses clamor far and wide,
Except when he is sleeping
And then his mother's at his side,
Her Jealous watch a-keeplng. .
If you should chance to come that way
By any awkward blunder.
What would that frowning mother aay
To silence you, I wonder?
She'd view you with an aspect chill
She'd wave you backward, maybe,
And she would whisper: "Do be still,
Or else you'll wake the babyl"
And If a widow have a king
Within a hammock lying.
And wooer come that way to bring
His suit of amorous sighing,
Do you suppose that words could woo
Her heart from him who's sleeping
That any wooing could undo
The vigil she Is keeping?
If you were such a foolish wight.
And came to her a-sltfhtng,
What, think you, oh, Impetnous knight,
Would be her prompt replying?
If you oh, widow fair, were she.
You'd harken to him, maybe;
Or would yoj answer: "Let me be
Or else you'll wake the baby!"
GOLD SEAL I
m TO TNg
OKI-MALI VIZ PRICE
URBAKA. If. Y.
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