Omaha daily bee. (Omaha [Neb.]) 187?-1922, October 23, 1903, Page 6, Image 6
TflE OMAITA DAILY BEE: FRIDAY, OCTOBER 23, 1903. n 3 i 5 The Omaiia Daily Dee. E. ROSE WATER, EDITOR. PUBLISHED EVERT MORNING. TERMS OF SUBSCRIPTION. Dally Bee (without Sunday). One Yaar.l4.no Dally Hm and Hundjy. Unt Year...... 00 illustrated Bee. line Year Sunday Bee. Una Year 100 ftturday Hee. one Year 1.6t Twentieth Century Farmer. One Year, l.uo DELIVERED BY. CARRIER. Dally Bee (without Sunday), per copy.. 2c pally Use (without Sunday), per week.. 12c Dally bee (Including Sunday), per week.Hc Punday Km, er ropy 6o Kvenlng bee (without Sunday), per week to 1venlng iiee (Including Sunday), per Week 10c Complaint of Irregularities In delivery hnuld be addressed to City Circulation De partment. OFFICES Omaha The Bee Building. South OmahaCity Hall building, Twen ty-rtfth and M streets. Counrll Bluffs 10 Pearl Street Chicago lfcw Unity building. New York239t Park How Building. Waahlngton 61 Fourteenth Street. CORRESPONDENCE. Communication relating to news and edl torlal matter should be addressed: Omaha Bee, Editorial Department. REMITTANCES. Remit by draft, expres or postal order payable to The Bee publishing Compiny. Cinly 3-cent stamps accepted In payment of man accounts, rersonai cnecKS. except mi Umaha or eastern exchanges, not accepted. THE BEE PUBLISHING COMPANY. STATEMENT OT CIRCULATION. State of Nebraska- nmir'u County, ss.J George B. Ttachuck, secretary of The Bee runusning company, being ouiy iwgni. ays that the actual number of full nd complete copies of The Dally Morning, Evening and Sunday Bee printed during the month of September, 1903, was aa fol- uws 1 .89,130 M.. t S9.STO ,....JW.8TO X9.870 I 8U,SSO M4I.795 1 2tt,820 ii370 ...Sl,2ttO 10 2,1M u awjtso U st.aio U i.4as 14 S0.O3O U ttrt.MOO 17 18 M 20 n a u u u M v 28,010 28,870 XH.HHO 241,440 28,880 28,8MO 28,030 28,780 28,720 .27J40 .28,700 ..283BO .. 0 20,040 Total 862,8X0 Leas unsold and returned coploa.... ,4ritt Net tout sales .882,744 Net average sales... 2M.424 QKORQB B. TZSCHUCK. Bubscrlbad In my presence and sworn to before ma this aota day of September, A. t. 1 M. B. H UNGATE, (Seal.) Notary Public. Register today. The financial storm aeeuis to be alter nating between Pittsburg and Baltimore. Tuesday, November 5, baa been set apart as general bouse cleaning day tor tbe court bouse. The change in tbe management of tbe Omaha and Winnebago Indian agencies has been a long time coming and should prove to be something worth waiting for. Omaha Is In the heart of the great American grain and cattle belt and by rights should be, and in due course of time will be, a great grain and cattle mart The Twenty-second Infantry has al ways been a 'favorKa' In - Omaha and Nebraska, and it starts its Journey to the Philippines with sincere wishes for a safe return. , . In order to vote you must register this year, as previous registrations do not ' hold good for the coming election. If you did not register last week be sure to register today. The American representatives who participated for tbe United States in tbe Alaskan toundary arbitration are on their way home. They may not be met with a brass band, but they may know that the American people are fully satis fled with the results they attained. In this materialistic world there Is no effect without cause. One rtyison why Omaha has been outstripped within the past few years by other cities in the erection of buildings Is because ma terials and labor are higher and rents lower here than they are In cities like Indianapolis, Toledo, Minneapolis, St. Paul, Denver and Kansas City. The announcement from Colombia that the public treasury there Is on the verge of bankruptcy may be a tip as to what we may expect next In canal treaty negotiations. If the Colombian finances are as bad as they are painted we may look for a financial proposition by which Colombians will attempt to raise the "dough" as the price of their consent for the construction of yie Panama canal. Tbe SL Loul police captain who re Igned bis commission on being indicted for complicity in naturalization frauds, declaring that he will ask reinstatement when be clears himself, has sometbing to commend him. The usual practice for beclouded officers is to Insist on hold ing their positions until their guilt is proven in court by a verdict of convic tionmuch to the demoralization of tbe service. The Omaha fusion organ la very much perturbed over the prospect that Judge Sullivan Is liable to lose several thou sand votes on account of the decision on the blble-ln-the-publlc-schools ques tion. If Judge Sullivan loses several thousand votes on account of tbe con troversy over bible reading it will be because the Omaha organ of fusion has projected bis decision to the forefront and persistently keeps up the agitation of that double-edged subject. The establishment of the South Omaha stock yards was the forerunner of the establishment of tbe great pack ing bouses that- have made Omaha a cattle, market' in spit of the resistance of the railroad traffic managers Who were interested in main taining the long hanl. The erection of grain elevators and flouring mills and above all the equalization of grain rates between Omaha and Kansas City will lu the no distant future make Omaha a grab, market in jlte vt the resistance of trade manager and elevator syndl ntM. BUck. a plu there a timk run CALMHKSS. The Baltimore American, commenting In the failure of financial institutions In that city, which has bad a more or Iphs dlsturlilug influence npon confidence generally, urges that the situation Is one thnt calls for calmness and con servatism. It points out that the diffi culties of these institutions are due to Indiscreet Investments In certain securl ties and a genernl policy that could not fall to result In financial trouble. Like many other financial concerns In this country the trust companies In Baltimore were reckless in taking securities of corporations whose promises seemed plausible, but whone ability to meet these promises was very meager. Tbe Baltimore trust companies, like those In other parts of the country, were organized and conducted upon the Drlrf clple that every financial and commer clal venture, under the great prosperity of the country, was certain to dbv ex traordlnary dividends for nn Indefinite period rtnd thot consequently there was safety in taking whatever securities ere placed on the market. For several years this sort of thing seemed to be Justified by results, but wise men. who had in mind the lessons of experience na the teachings of political economy. knew that sooner or later a reaction was inevitable and that when It came tbe effect would probably be In proportion to the excess with which speculation and inflation' had carried values. As was said In his address br the president of the American Ranker' as sociation, In session at San Francisco, there sprung up among the substantial edifices of our prosperity "artificial com mercial structures which have failed signally to stand tbe test of time. Over sanguine people, some probably not over scrupulous, had been canltallzlnir and r. capitalizing schemes of all kinds and in ducing people, with paper profits, to underwrite flotations which they were unable to carry. The boom had too far, the natural reaction set in, and general house cleaning begun wher It was most needed in the weeding out of over capitalized and Inflated securities." iins same authority, however dared ,that the substantial and legiti mate business interests of the country ore on a sound basis and WA sia Il.lt think, that there can be a reasonable doubt In regard to this. The failure of trust companies and banks that have been putting their money Into specula tlvo and Inflated enternrlse whii i. efiect Is necessarily disquieting, should not destroy confidence. Thoughtful busi ness men will look beyond these Inci dents of reaction and consider the sub stantial facts that make for a continu ance of prosperity and no one who does this can have any doubt thr , ise for the future Is still bright KCIP1AO AX gY ON OKRMAItY. It Is a fact and a stransre one tna that according to the best advices our naval authorities are of the opinion that our next naval conflict will be with Germany. It is strange that thl ahm,M be the Impression, because as a matter of fact we have no Issua today 'with the German empire and no quarrel with anything that Germany Is to the slight est extent interested In. But, they say, Germany is Intruding upon us in various quarters and therefore we must tak measures to shut her out from every relation where she may conflict with our Interests. Possibly that susrirestlon la Ho-hf tw haps We OUght to take nrnoanrl. against the posslhjllty of Germany do- 1 11 r ns-vm nil,l M ... uiciuiuK in me western hemis phere that would be Inimical to nnr in terests, We have heard a good many .iiBtsrauoiis io uie last few years that were to the effect that in the course of tlme-and not a very great time either we should have to measure nnni r. with Germany. Even so great a man as Admiral Dewey has been quoted as saying that onr next great naval contest will be with Germany. However fallacious this m i.- uiaj JX3 regarded by Americans generally. It Is "Ul l" u uismissea as wholly without warrant The men who r. in 4h. . .so a-VU trol of our naval establishment may not be wholly accurate in their Judgment in regard- to future events. It is not dim. cult to understand that In their peculiar field of observation the . ... differently from the ordinary observer Yet in the main their Judgment, both as to present and future conditions, is en- ut to me nignest consideration. We do not believe that tt.u.j States is in any present danger from any foreign power and vet wh it part of wisdom to accept the suggestions . nme Bna patriotic men as Ad miral Dewey? HOST 1 , s AXTTU TAXPAYERS . The discussion that baa been ui In the public vrenu ovpf tha nam law and tbe litigation that has already been started to test the constitutionality of certain sections aiieiro n i. v iui)vira double taxation, emphasize the lmpor- Miuc oi electing to tbe office of county """"'r man wno can Im dennivt upon to nut the new revenn. in operation with a view to making It dis- i.ll..i. mum me Duraens of taxation uni formly and equitably upon all persons and corporations who should contribute A A. uiporc or our government The taxpayers of Dmurina county that furnishes one-seventh of the state taxes and raises more local taxes than any other five counties 4n Nebraska -are mors vitally interested In the office wuuij assessor man in any other office to be filled at the coming election. Without disparaging the nomlnerbn the democratic ticket, w have no hesitation in saying that In our Judgment and in the Judgment of those best qualified to airvnnW At ... . Fia, me republican candidate for county assessor. Harry n. Reed, la tha Meal man for tha place. Mr. Reed's superior fitness springs from a residence in this city and county extending over more than twenty years, during which time be has la the course of hUbualua beooiaa famUiar with near! aver foot itt ground. aa4 building Improvements In the district lie comes nearer being an expert In tbe matter of realty valuations and appraisements than any man In the county, and bis service upon the first Board of Review that passed on the assessment roll made up nnder the tax commissioner system established by the new city charter has given him an insight Into the details of the taxing machinery few people pos sess. Ills services on the reviewing board moreover, more particularly his determined stand for higher assessments on the privileged corporations which -pre vious to that time had been almost en tirely exempt gives him an additional claim to the support of . taxpaylng citizens. ir qualifications and service alone were the sole testa to be applied, all In terested In securing equitable taxation- democrats and republicans alike wonld cast their votes for Harry D. Reed, con fldent they would not be disappointed when he should take hold of his official duties. TBt VCTLVQK fVH OMAHA. It Is a most encouraging fact that should Inspire and give a fresh hope to every citizen and business man of Omaha, that one of the most energetic and enterprising of railroad men has enlisted himself In the most enthusiastic way In the work of promoting tha In terests and welfare of this city. It Is a most unusual, as' well as a most wel come fact that Is presented in the coa cern which President Stlckney of the Chicago Great Western road Is showing In tha building up of Omaha Interests and we have the utmost confidence that the work be is doing will result In con tributing to our city benefits and ad vantages of "inestimable value. Every citizen of Omaha who has a sincere Interest in the future welfare of this community ought to feel a very lively interest and sympathy in the efforts of President Stlckney of the Great Western railroad. The National Association of Local Fire Insurance Agents.- now in session at Hartford, Conn., la seriously discussing the multiple agency evil and the pro posed concentration of1 fire Insurance business In fewer companies on a sole agency basis. It is claimed that under a proper local agency system a commis sion of not over 15 per cent on all classes of fire Insurance risks would be ample. Estimated on the basis of tbe business of 190S the change would ef fect a saving of over $10,000,000 an nually, now expended In the payment of commissions. This program will be doubtless very attractive to stock holders In fire Insurance companies, but the question patrons of these com panies will ask themselves Is. How much of the ten millions saved will 'be conceded to them In reductions of fire premiums and how much of It go into the pockets of the Fire Insurance trust? If tha whole $10,000,000 is to be ab sorbed by the Insurance trust the premium payers will much prefer to let It be distributed In commissions to local agents. The paper read at the Mohonk Indian conference by Agent Davis of the Indian Rights association, denouncing the pres ent system of appointing Indian inspec tors, bits the nail on the head. The declaration that very few honest Inspec tors are obtained, most of them being given to venality and to making white washing reports In connivance with the corrupt and incompetent Indian agents whom they are sent to Inspect has been proved over and over right here In Ne braska. Worse than that honest Inspec tors who have made true reports of the scandalous condition of affairs hav been transferred to other places and their Integrity Impeached by sendlna- dishonest inspectors to go over the ground again and refute the original findings. Agent Davis charges this up to politics. A question of honesty or dishonesty Is not a .political question and the sooner such politics is eliminated rrom our dealings with the Indians the better It will be. The managers of the St Louis expo sition have been painfully shocked over the resignation of United States Senator Burton from the presidency of the Jeru salem Exhibit company, which was to reproduce the Holy City at the World's fulr. The suggestive significance that attaches to this withdrawal of the Kan sas senator from the Jerusalem Exhibit company Is found In the current report that It was brought about by a row with President Roosevelt over the use of a letter, from Roosevelt to advertise the scheme. President Roosevelt Is said to have accused Burton of not treating him courteously and is said to have re marked that thereafter, so far as he was concerned, Mr. Burton was not on the political map. With the Kansas federal Judgeship and other plums hang ing In the air Senator Burton is anx ious to be restored to tbe map as soon as the weather will permit Hence his withdrawal. Whether Daniel Freeman's predictions of the effect of the blble-ln-the-public-schools decision are prophetic or not the effect of the agitation of the biblical de cision upon Judge Sullivan will be about the same as the effect of firing an old shotgun that does greater execution at tha breech than at the muzzle. A Ceaaetery Kete. Philadelphia North American. Perhaps Mr. Bryan wlUberln to realise that his platform la defunct, now that a Missouri sllverlte has had an endorsement of the Lincoln man engraved on his tomb stone. The Ceaaeeaaatlea. Saturday Evening Post. Before we become too deeply aroused on the subject of American heiresses marry ing foreign noblemen, let us think well on two points that project from tbe sur face ot tbe matter: First Is tbe sort of girl that buys a title of a man she does not love a Ht or desirable wife for a plain. Industrious American Second Isn't it better that a person who spends bis, MT feer, taooms la asasclaes luxury should spend it on tha other aids of the Atlnntlo rather than In America? Poaslbly there is just a wea bit o' aUler even la the black cloud of the loss of so many bewitching and rich American girls. Battle of the Oeraas. &aJtimora American. Now It develops that lailnees la a dis-J ease produced by a germ whoae full name la "Unclnarla Americana." Its only cure is tha Introduction Into tbe system ot the sufferer of another germ, fatally an tagonistic to the flrat, tha latter germ be lng scientifically known as workum hardl- bua. Shlftlaa- Wlada ot raver. New York Trb una. Pitchers and catchers and batsmen have had their months of siory and renown, and now they pass out of popular favor until next spring, while the well greaved Greeks of the football field, with their tossing locks and their all-lncaslng armor, excite the eaa-er spectators to a delirium of frensled adoration. t Tbe Weat Not Worry la. Philadelphia Press. All reports from the west are to the effect that the railroad business there Is very active, with no sign of any depression. That feeling of coming ruin Is confined to Wall street, where they are squeezing the water out of the stocks of trusts and other uch corporations. Railroad bualnesa Is active in the east as well as la the west Links of Same Saaaace. Philadelphia Record. It Is more than a jest It Is food for thought that one of the dummy directors in the United States Shipbuilding company was a director In the 10-per-cent-a-week- get-rlck-qulck concern three of , the man. agers of which are now In the penitentiary. Ammon, one of the three, thinka the finan cial methods of the two concerns a good deal alike. How Stocks Came Dowa. Pittsburg Gazette. When the banker who represented the stock market as having walked down the stairway from the top of tbe sky scraper during the past summer. Instead of falling down the elevator shaft, he overlooked the fact that there were several flights of stairs down which It had been kicked or thrown. He also neglected to say whether it would take the elevator up. Sla-n of av False Flaar. Baltimore News. Dummy directors mean nothing more than that the corporation that has them Is sail ing under false colors. This is also true of figurehead directors, who, unlike those of the dummy variety, are usually men of wealth and reputation. If the exposures In connection witn tills shipbuilding case arouse publio disgust for corporations with either dummy or flsTurehead directors. It win accomplish a good purpose. Just now the promoters of other companies, under New Jersey charters, who have taken too free an advantage of the wide-open corporation laws of that state, are feeling uncomfort able over what Is coming to light In this case, and some of them will no doubt take the hint and put their management on a more respectable basis. PCTTINO ON THIS BRAKES. HacUfestattoa ef ' laaastrlal Restric tions la Severai Directions. Washington Post . ' There are some rather prominent Indica tions that the tide of Industrial activity Is beginning to ebb, and a number of events of tbe present month should serve a warning, particularly, to laboring men, that there Is. grave danger of a check In the industrial activity that has for several years past created a demand for labor far In excess of the sujfply. It must not be understood that there is any aerlous danger of interference with the present condition of general prosperity throughout the country, but there is no mistaking or denying the fact the men who head the great combinations of capi tal which haa been seeking Investment In Industrial enterprises throughout the country are beginning to trim sail. Every. thing has been at fever heat for several years. The demands for steel products, the output ot the mills and factories of all kinds, has been so great that the own ers of these enterprises have not hesi tated to Incur any expense necessary to keep up with their orders. Mills have been working day and night wages have been very generally advanced, and capi tal has been liberal, almost prodigal, in the outlay tnat promised quick and profit able returns. The fancy prices for mill and manufactured products no longer ob tain, the markets of the world are not as attractive as they have been for sev eral years, and there Is accumulating evi dence that the Industrial enterprises upon which this success has been based are beginning to study plans of retrenchment and reduction ct expenses. The Vanderbllt lines of railway, the Southern Pacific system, and a number of other railway companies throughout the country have already Issued notices reducing the number of their employes in certain departments. Some 6,000 men have been laid oil In the repair shops of these companies, the excuse being given that the freight business Is slackening up, and that as moat of the rolling stock of the roads is new or In good repair, there is no demand for the anrvlces of such a large force. It Is also intimated that the retrenchments of tbe working forces In different departments of the roads. An other discouraging sign Is found In the report of building operations In the larger cities of the country for the nine months of the present year, as compared with the corresponding period of last year. This report shows a decrease of something more than (40,000,000 In New York. Chicago, Philadelphia, Pittsburg, St Paul and Min neapolis, while other cities report a general loss In this direction. This loss Is attributed directly to the disturbed condition of the labor market Notice la already being served that the outlook for next season's operation la . not promising. Investors are hesitating to go Into building propositions until the labor sit uation becomee better adjusted. Then too, there la always more or leas stagna tion In Investment circles on the eve of a presidential election, and. If there were no other disturbing factor to the situa tion, this fact alone would result In a noticeable curtailment of large Investments for 1904. Perhaps the most discouraging feature of the situation to laboring men la the posting of a notice at the Carnegie Steel company, at Pittsburg, that the wages of all employes will be revised on January 1. Under an agreement with Its employes the company undertakes to continue Its schedule of wages for one year, unless notice is posted three months In advance, calling for a revision of the scale. . The giving of this notice by the Carnegie com pany does not necessarily mean that wages are to be reduced at the end of the present year, but It la hardly probable that the company proposes to advance them. The production of Iron and steel has fallen off, owing to a lack of demand, and profits are declining, so that the natural Inference must be that the company proposes to seek a reduction from the present scale of wages paid to the employee. The upshot of the sltustlon la that employes must learn condition a, when a demand for Increased wages rould be made with a reasonable certainty that It would be complied with, la whole er to part. WAXt STREET AND MONTANA. Seme Things Dene Fader the Cloak ,RespeetabllHy.n Itartford (Conn.) Courant. Respectability has this nominal advan tage that It can do a lot of things that are not permitted where respectability Is lacking. To be sure, this privilege carries with It a moral obligation to behave what goes under the old-fashioned head of no Means oblige but these are new days, and "old-fashioned" Is not the sure passport to acceptance. High finance has within a few years developed striking Illustrations of the prlv lieges of respectability, a few of which are perhaps worth recalling to mind. Take the case of the famous Pennsylvania Coal com pany. The rich concern had for a long time been In a sort of opposition to tha companlea which both mine and transport It and Its eminently respectable managers. In the Interests of the dear publio and after a long fight secured a charter per mltting them to build a road of their own to tidewater, thus making them In depend ent of the combination which had been demanding toll from them. This was great triumph for the people against monopoly and dictation. Aa soon as the layout was approved and' the road was an assured thing, the managers sold out to the coal combine at an enormous price, and the dear people, whose representatives had granted the charter, found that they had got left while their benefactors had coined millions by selling the charter that had been granted free In the publio Inter est. If this was not a betrayal of a trust. It certainly was a surprise, and as for 'the other coal companies, they had to pay big money, and very big, to head off a threat enlng competitor. It was put up or abut up, and they put up about tS for each tot of capital. On one aide the people got left and on the other the coal companies got well roasted. But the management respectable to begin with, made new mil' lions and so grew in grace. The Louisville A Nashville railroad de elded to Increase Its capital stock largely, and, according to rumor, Insiders, antlcl patlng. that the advent of the new stock would lower the price of the old, kindly let "the market" have all it wanted and then suddenly discovered that the new stock could not be delivered for a considerable time, owing to formalities of the stock ex change not previously taken Into account by tbe sellers, but very clear to the buyer, There they wers. and the "market" In this Instance had happened to be an operator already advanced in respectability through Immense profits In the steel deal. He had the company and could do as he pleased with It He Kindly and most respectably let those other railroads (which it could seriously Injure) have his share of It, which carried the control, at an enormus profit to himself and at about 60 points above Its present market value. It will readily be seen that this shrewd operation added alike to his respectability and his wealth. The "I,.. N. A. A C." railroad fell Into trouble and was conservatively and sue cessfully reorganized by the Morgan Inter ests. This done, the property was left to govon by Itself and was doing well. Its stock was sold on the exchange. All of a sudden the fact came to light that the control had been quietly picked up and that the property was In hands that could use It to the serious detriment of other roads till then la harmonious relations with It. Rather than have such a thing happen these roads offered to buy it out at an enormous profit to the seller, and rather than open the war and loae money the oper ator let them have it and took his profits and another long step up In respectability, He could have brought on a hot railroad fight but for a price he did not Instead he grew In stature aa a financier. These are several recent illustrations of what success In Wall street means. Now look west and out In Montana you will find that a band of citizens, called brigands by the successful operators in Wall street, have notified the Northern Paclfio road that, If they do . not receive 150,000, they will Inaugurate a railroad war which will prove very disastrous to the property. This price is not a week's Interest on what has been made by the hold-ups in Wall street but these western operators, sadly lacking in respectability, are branded as black mailers and in danger of prison. Their ignorance of polite methods is shocking, PERISH THE THOUGHT! Sareastle Comment on Railroad Man cere and Women Stenographers. New Tork Sun. A little while ago the Chicago agents of the Grand Trunk railroad put up In Its Chicago offices some impertinent rules tor the reproof and correction of the women stenographers. They were not. to turn the offices into lunch rooms, and so on and so on. The animus of the officials was clear. They were bound to discharge all the women stenographers. They would have been much wiser to drive the woman out without so frivolous and thin a reason. More than twenty of the gowned profeaeors of shorthand have been put out. The rest will have to go. The sunperlntendent of the western divis ion of the Grand Trunk makes no bones about speaking frankly: "We dont want any more .women. We have . nothing against members of the weaker sex, but we have come to the con clusion that they are not fitted for railroad work. Civil service prevails to a great ex tent In railroad work, and every employe looks forward to promotion to the position above him. Women stand In the way of this system, because they are not fitted for promotion from stenographers to chief clerks and similar positions." That's all right It Is tbe privilege of the road to employ whom It pleases. It Is the duty of the officials to employ the persons whom they believe to be most competent. But why should the Chicago agent of the Grand Trunk whip up flubdub like thtsT "They gossip about their matrimonial 'chances' during office hours, and their manuscripts are often beamired with a too liberal quantity of candy and creampuff filling. A wholeaale discharge Is about the only way to preserve decorum In the offices and do away with chats about masculine admirers of the night before." Women stenographers are often In the way. No doubt of that. They check the free torrent of sulphurous speech. They also Impede tbe recital of pieces of mas culine literature of a certain kind. In many other respects the Inferiority of women Is evident. Thank the stars, men, old. mediaeval or young, never. In their bualnesa hours talk about women, horses, baae ball, the "little time" they had last night and so on. They devote their minds, thoughts and conversation exclusively to burtneas. Hence their towering superiority to the weaker vessels. Twin Specimens ef Graft. Buffalo Express. It has been discovered that one of the original Incorporators of the United Stales Shipbuilding company was also an Incor porator of the famous Franklin syndicate, which was operated by "620 per cent" Miller. Both Miller and Bob Ammon are serving time for promoting this syndicate. Apparently the young man in question was aa Incorporator of the Shipbuilding trust for tbe same teason that bs was connected with tbe Franklin syndicate to facilitate tbe organisation of the concern. It Is pos sible that one of the results of tbe ship building affair will be a chaog In the meifcol organisation. "PRESIDENTIAL TEARS." Traslttea Ban Markets Refer Elee tlea aa4 Its Baals. New Tork Evening Poet. There bus been rather more talk than usual, thla week, of the probable bearing of the coming "presidential year" on trade and finance it Is a recognised tradition of both stock markets and commercial markets that presidential years are apt te be unfavorable. The main reason Is that uncertainty usually exists, until ths cam paign Is ended, over contested questions of publio policy usually currency or tariff. It la admitted that the money question will not come up In formidable shspe next year. How far the tariff question will flgTire, the financial community does not feel certain. All are convinced, however, that the trust question wilt play a leading part The recent Wall street scand ila. and the heavy losses by thousands of small In vestors, are believed to make this a politi cal certainty. Preoedent Is rather odd In this matter of "presldental years." In the majority of them, circumstances have been such as to disturb the markets, quite irrespective of political uncertainties. Thus, 1900 was a year of violent reaction In the Iron trade, not In any respect connected with the po litical campaign. The money question did. however, cauae some unsettlement, and was the one cause of the bad markets of 1896. It could not be said that the electoral cam paign was a dominant Influence In 1892, the controlling force In finance and bualnei-s, that year, being tha currency tangle result ing from the Sherman act. On the other hand, 1888 was a year when tariff discus sions seriously checked business, the rather unusual fact being that both parties demanded a radical change which made planning for the next trade season difficult In 18S4 the campaign Itself was a minor In nuence, the depression following Wall street's May collapse being the year's real Influence. Taking the record ss a whole, It Is safe to say that while an electoral canvass never helps business. It does not always have the single and overshadowing Influence which is ascribed to It PERSONAL NOTES. United States Senator Russell A. Alger of Michigan la inspecting a vast tract of tlm ber land In northern Mexico which has been acquired by him and a number of other Michigan capitalists. General C. A. Whlttler, who was In charge of the United States customs serv ice In ManUa, has just returned to this country by way of the Siberian railroad, having crossed Siberia In fourteen days. Morris Salmonson, for seventeen years marriage license clerk In Chicago, Is able to write fluently as welt as talk Yiddish German, French, Italian, Danish and 8 wed Ish and is at present studying Bohemian, Official announcement Is made in New Or leans that all the vast Hogg-Swayne Inter ests In Louisiana and Texas, together with those controlled by General Nelson A. Miles, are to be combined In one. Thereby the general will become an oil magnate, Charles H. Voorhees has just died sud denly at Lexington, Ky., at the age of 62. He was perhaps the most famous American duelist that was ever graduated at Heidelberg, having on his body at least twenty scars caused from wounds received In dueling. Some eminently practical guests were among those who aided in celebrating the golden wedding of Mr. and Mrs. John Holt at Independence, ' Kan. Useful and orna mental gifts there were in abundance. In cluding an overcoat for the husband and a set. of false teeth for his wife. Johti Howard Parnell, who had been se lected to contest South Meath in oppoel tlon to David Sheehy, Is a brother of the late Charles Stewart Parnell and city mar shal of the city of Dublin. Mr. Parnell rep resented one of the divisions of Wlcklow in the 1895 Parliament. This time he was de feated, being opposed by the United Irish league. Well-tubbed Great Britain Is excitedly discussing the question of the use a.'.d abuse of soap. Some say that the use of It removes the natural oil of the skin and ren ders the syatem liable to Contract colds, rheumatism and various other maladies others maintain that nothing but soap has prevented utter deterioration of the British physique. Considerable surprise was manifested In Paris over the fact that the king of Italy did not applaud when President Loubet took him to the opera there. Parisians did not seem to know that their distinguished guest does not care a rap for muslo or poetry. King Victor Emmanuel takes his pleasure on horseback or In an automobile. He Is alBO fond of military life, being a rigid disciplinarian. Ex-Assistant District Attorney Osborne of New York spoke recently of an ex tremely able argument presented In the course of a recent murder trial by a rising young lawyer. "I don't like his delivery or his style at all,' protested an Inter ested and perhaps jealous bystander. "He uses long sentences." Mr. Osborne turned harply. "There are just two kinds of peo ple who object to long sentences," he said; they are criminals and fools." Glen MacDonough, who wrote the libretto for the comic opera, -"Babes In Toyland," waa, sitting In a New York cafe recently with Victor Herbert, the composer, when a waiter approached to take hla order. The waiter smiled at Mr. MacDonough and said: "You don't remember me, do youT I used to sing in one of your companlea." "I remember you very well," said Mr. Mac Donough. "Are you surprised to see me here as a waiter?" asked the other. "Not a I bit." replied the librettist cheerfully; "you know, 1 have heard you sing." Waltham Watches Keep good time all the time. "The PerfedeJ American Witch' n lttastrted hook of interesting information ihoat Hvttches, ulil be sent free upon request, AmericM WkUfum Watch Comptny, Wiitfum, "ihss. Decatur shoes for men machine sewed the are smooth inner sole welts and the 5.00 ' oner are hand-sewed hand -made a regular rnade-to-order shoe not 6 and 7 but 5 The store selling direct from maker to wearer. WHAT Witt, DOrGLAS COTPNTT not nermealees Aetlen Inaarea Snceeas for State and Loral Ticket. Lincoln Star. There Is a very general Interest among the republicans of the state In the result of the election In Omaha and Douglas county. Ths trend of the Indications, so far as they can be gathered raises hope of a very large republican vote for the regular republican ticket there, county and Judicial, which would, of course, bs equivalent to Its election. The substantial test lies In the election. There was a series of efforts early In ths campaign preliminaries in Douglas county looking to local party harmony. The details of this movement the minutiae of the diplomacy employed, are not of special concern Just now. except as they bear upon the Interests of the republican party In the election. The republicans of Nebraska who want to see their party mad strong, will look to the election in Douglas county to judge how matters have been handled there. Roughly apeak lng. Douglas county con tains about one-seventh of the population of Nebraska. When there Is anything like an even division between the republican party and the fused opposition In the state, the situation In Douglas county becomes vital. When that sort of division dlasp pear. as It is fast disappearing before the growth of the republican party, the situation in Dougles, of course, ceases to be so vital. Rt It . nevertheless Is, and always must be Important. Under the circumstances of this year's campaign the republicans of Nebraska will muwitn special pleasure any Indications of the solidification of the various elements In Douglas, any sign of mutual concession. PASSING PLEASANTRIES. !U T? IS "5 "t.da nm' ,im" humble enough frwISfflnoWr? bftrd "n" naTt1 J !?W ?"" that's all glad that's past and we hone' seen the last of it."-PhlladelDhla Pre. .US'? 2eapon yent to a burleoti show." ,.V,d 8?.y h wa "hocked?" ..7,e"- !" ne w"" honest about it." How do you mean?" hluS "Emitted that he rather liked the shock." Chicago Poat -!yKBlr"wortn .,he bBrik nr. made address last evening and It was an awful failure. ... Yh,t seemed to be the matter with mm t HIS Voice scattered an ' "They should have given him a little window to talk through." Cleveland Plain Dealer. Rev. Dr. Fotirthlv ITnw ta nmr now getting along? ev. vr. uoooman reaceablv. I am happy to any as yet. Chicago Tribune. She We should all be generous with the milk of human klndnea. .He I never did like that phrase; what's the matter with the cream? Detroit Free Press. "Your Storv." said the niihlUliee fit Will permit me to sneak franklv' .,.'1 seem to have much literary merit." ..P. rht of that?" answered the author. "Think of the ease with whlnh It en dramatized." Chicago Record-Herald. Elisabeth was holdlnr the last tt..ti with Mary Stuart. "At any rate," aald the virgin queen. "I shall give my name to the age." "Well, you ought to," retorted Mary, "you look every day of It." Realising the liar was nn. Marv retired to make her will. New York Sun. Tess She'anneara to have faiten In lnv with him. Jess Oh yes. some time arn. hut now she's suing him for breach of promise. - Teas Counting unon a-etttmr damasea for the fall, eh? Philadelphia Press. "If I dared. Miss Thlmbleton " "Yes, Mr. Sawder." 'If I I dared I would ask you to" "Yea, yes. Mr. Sawder." "I would ask you to lend me a atreet car ticket to ride home." Cleveland Plain Dealer. THE LONG AND BROAD FLAG. A. de Marconay In Buenos Ayres Standard. Met a feller t'other niomln Must arnusin' sort o cuss: Had a cur ous styie about him, Cert my coulun t weil ue wune I says: "Where you nali 1 m, pardner?" An he aralied in a knowin way. An' replied In forren ilngo; . Porto luco, U. b. A. Seen a feller down on Broadway, With a ahockln' head of hair. " . An' a lot o' troplo garments. An' a most oui.anoisn air. Whar'e ne Irum?' a feller shoutedj ' An' before we'd time to say. This yere heaihen turned an' ans'redl iioneyluler, Li. a. a. - i Met a feller here on San some, , With a somber-e-ro on; Had a lot o'stiaggy whiskers. - Nearly all his clothes wus gone. Stopped an' ast me tur a qua ler: Hays: Mv home is tur away. Wbur's you frum?" The varmint ans' i'rd; V, Santiago, U. 8. A. Seen a feller down the Southern, With a heavy Iron box, Overcoat was lined with bearskin, ' Wore a dosen pair o' sox. . Sited him up to be a miner. Judgln by hla awkward way: Seen him write In big char-ac-tersi Circle City, U. 8. A. Seen a saddle-colored heathen, Weai in' earrings In his nose. Linen cuffs around his snkles. Most Indecent lack o clothe. Where'd this heathen guy here spring frum?" I Inauired In a lofty way: An' he had the nerve to ans'er: From Manila, U. a. A. Hully gee! I never heard of These yere cannibals before. ". Air these heathens also o era? will we stan fur eny more? An' when nei' you ask a feller Whur he's frum, say, he's bound to say, With a loudly kind o' flourish; "All creation, U. 8. A. 1521 Farnam are NOT $3. 50 grade . 1 J ?