J TITE OMAITA DAILY DEE: THURSDAY. MAY 18. 1905. Tire Omaha Daily Kee, E. ROSEWATER, EDITOR. PUBLISHED EVERY MORNING. TERMS OF SCBSCRIPTION: Dally Bee (without Sunday), one year..$fe0 Dally Hee and Sunday, one year ;Jj Illustrated Bee, on year Sunday Bee, one year Paturdny Bee, one year M Twentieth Century Farmer, one year.. l.w DELIVERED BY CARRIER. Dally Bee (without Sunday), per copy.. 2c Daily Bee .(without Bunilayt, per week.. Uc Dally Bf-e tln hiding Sunday), per week.l.c Evening Bee (without Sunday), per week, ic Evening iiee (including Sunday), per week ' Sunday B, per ropy t'omplain's of It regularities In delivery should be addressed to City Circulation De partment. OFFICES. Omaha The Bee Building. South Omaha-city Hall building. Twenty fifth and M atreeta. Council Bluffe-10 Peart atreet. t'hlrggo ISW Vnlty building. New York uV'9 Home Life Ina. building. Washington bl Fourteenth atreet, CORRESPONDENCE. Communication! relating to new and edi torial matter should be addressed; Omaha Bee, Editorial Department. REMITTANCES. Remit by draft, express or postal order, payable (o The Bee Publishing Company Only 2-cent stamps received in payment of inall accounts. PerBonal checks, except on Om.iha or eastern exchanges, not accepted. THE BEE PUBLIHH1NO COMPANY. STATEMENT OF CIRCULATION. State of Nebraska, Douglas County, as.: C. C. Rosewater, secretary of The Bee Publishing- Company, being duly worn, ays that the actual number ot full and nimnl.t. e,,r,l ,.t T), lluilv. Mortling, Ever.lng and Sunday Bea printed during the '11, lauo, waa aa loiiowa; month of April, 1 31. OHO 2 3i,oo I..... 2M.1NO 4 2H.100 i KH.10U I 2H.100 l atutao 1 30,520 ao.itso 10 27.UTO U 28,170 12 2H.400 13 2M.130 14 20,(MH 15 30,800 Total 8SH.420 Less unsold copies 0,78:1 Net total sales, Dally average U , 4R,flOO 17 28,30 It 2S.370 19 27.05O 20 2H.100 21 28,850 22 30.1B0 " 23 31,770 24 28.000 25 8H.OBO 26 28,000 27 28,150 28 28,3(0 28 30,100 30 82,100 8TO.W37 20,321 C C. ROSEWATER. Secretary. Stibscrihod In my presence and sworn to before me this 1st day of May. 1SU5. (Seal; M. B. HUNQATE Notary Public. Omaha Is educated up to bruss band harmony, but not quite up to orchestral symphony. The advance agent of Iler's palace hotel has done very well up to date, but Omaha wants to be shown. If the cznr stands by his recent re script he may find himself more popu lar In Warsaw than In St. Petersburg, It Is to be hoped the report from Chi cago that cash corn, has been cornered Is not to be the prelude to another bank sensation. , "Governor Iloch proposes to close all the saloons In Kansas. It was not sus pected up to this time, that Kansas had any saloons to close. IQNORltfa 1HK- PACIFIC tOAST. (and minimum rates and the countries A complaint conies from the Tnciflc yvhlch she has recently concluded coust that tlmt sift Ion Is being Ignored commercial treaties get the lower rates. by the lothininn commission in the mat- There would seem to be no question as tcr of ohtnlulng up.lles for the ennui. to i,r PjKiit t0 enter Into snob ngree The San Francisco I'lironlele snys Hint lll(,ul, nm ,e fa understood to desire there Is not only a constant fight with t0 lljllhe oue witj, the United State. other departments of the government The question to 1k determined by our to get opportunity, for ruriflc const Md- government is whether it will negotiate ders to compete, but there has In-en a trpnty that will permit our products trouble with the commission itself. I his (0 pntor lnc ortnnn markets by the Is said to have come alxut since the viiieiit of the minimum duties or will ommlsslon was reorganized. Hint pn- )t,t tl, conditions that are to go Into per very quietly snysvthat as the peo- efr,1(,t next -ear stand. In oth.er le of the const are taxed equally wltu worii shall we place ourselves on an lose of other sections for the building equality with the countries that have f the canal they are entitled to an ma(ie reciprocal treaties with Germany ven chance with other parts of the or lpnve our products subject to the country to make some money by fur- maximum duties, which will mean the lshing any commodities which they exclusion of a large part of them from can supply as cheaply as anybody and markets of Germany. As stated by it suggests that there is a deliberate the American consul general at Berlin, intention to xavor xne east ni me ex- tue all-important question which In pense of the coast. timntely concerns the futuf? trade be- While this seems Improbable It Is tweeu the United Stntes and Germany manifestly the plain duty of the rep- ls w10ther the present amicable arrange- resentntlves of the coast In congress mellti namely, the most favored nation to see that that section has a fair and rinuse. which has withstood nil muta even chance In the competition for fur- tiolls of tarfjf jaws jn ji, countries for nlshlng cftnal supplies. In this matter UelirIy three-fourths of a century, will there should le no favoritism shown to t,e allowed to stand under the new ny-part of the country. The nianu- HltufttI((11 tnnt will be created In Ger- fncturers of every section should bo many by the enforcement of the new given an opportunity to submit bids on tarlrc iHW nnj ti,e commercial treaties what the commission will have to buy. Whith have been based upon it. How Any pnrtlality of discrimination will important this ls can be appreciated inevitably cause complaint and dlssat- WUPU it js gtnted that the trade Involved Isfactlon, the effect of which must be amounts to not less than $50,000,000 an- uiore or less embarrassing to the work nually. of the commission. The construction of the Panama canal is a great national AS TO WARD BOUNDARIES work toward which all the people con- Members of the city council seem to tribute and therefore all sections should be making a great deal more out of the have an even chance of sharing in the I redisricting of the city Into twelve money to be expended by the govern-1 wards than the importance of the mat- ment in the enterprise. If tho nianu-1 ter would warrant. Under the present facturers of the raclflc coast enn fur- city charter the division of the city Into nlsh equally as good and as cheap sup- wards has no special significance ex plles as those of the east they should cept to divide the people into convenient be given the opportunity to do so. If groups for administrative purposes, It be a fact that that section is being There was a time when the ward, as ignored by the commission we think such, had certain privileges and preroga it can be confidently assumed that such I tives when it elected Its own member a course will not be approved by either of the city council without waiting for President Koosevelt or Secretary Tnft. the consent of any other ward, and when each ward was entitled to choose its own assessor in the same way. But all this has been changed now. The ward, us such, does not "choose a single public officer. The city councilman must, It is true, reside in the ward, but to be elected he must have a majority of the votes cast In all the wards. The position of ward assessor has been abol lshed altogether, the assessments being made by appointees of the county as sessor, who need not even reside In the districts in .which they are set to work. Only in the event that these ward offl cers should be restored would the ward divisions become again imperative as marking electoral districts. The ward It will be several days before the St. Petersburg political clubs reach the point where they will begin to endorse candidates for appointive offices. Perhaps some of those same "big shippers" might be induced to appear it Lincoln and tell the State board that the railroads are also overtaxed. Douglas county is entitled to a bear ing before the State Board of Equaliza tion. Douglas county pays more than one-ninth of all the taxes of the state. Admiral Beresford's remarks regard Ing French neutrality sound like those of a man who is prepared to hear strange news from some distant British port Since John D. Rockefeller has pur chased an automobile, pedestrians have another reason to be careful how they rxpress themselves regarding "tainted money." Now that some of the Quaker teachers have gone on record In favor of foot ball as a college sport the saying "As harmless as a Quaker" 'may have to b revised. While Missouri is furnishing 10,000 mules for work on the Panama canal Nebraska will try to make as much profit by selling the oats to keep the mules in action. We are surprised that the State Den tal association has not put in a dls claimer for the action of the Omaha dentist who introduced the commodity rate bill in the late legislature. If that new asphalt repair plant will only be gotten into visible action soon the good people of Omaha will be less likely to overtax their patience waiting for contract paving to materialise. The number of ships which have gone ashore the last few days would indicate either a change in the conformation of the land or a change in the quality of the liquid refreshments served at ward Omaha's municipal bonds have now been made authorized securities for the investment of savings bank and trust funds In New York. Another tribute to the gilt-edged character of Omaha credit As a matter of precedent it ls to be regretted that those Chicago schoolboys .were permitted to win their strike by default for they would probably have lost had not the strike breakers resorted to firearms. General Unpvltrh loses a battle see how promptly General Kouropatkln will come forward and say he crntld bave won it. Generals will be generals. Contraries in Action. St. Louis Republic. Independent distillers say that every In crease of 4 cents In the price of corn will raise the price of whisky 1 cent. With beer It In different. A rise In the river and a Jump In malt or hops has no effect on the schooner. REFORM MAKIXO PROGRESS. The reform movement in ltussla Is making steady progress and whnt has alreudy been accomplished through per sistent popular agitation would have been thought utterly impossible a year ago. -It has taken a great deal of pres sure on the part of the advocates of a change in governmental policies to in duce the czar to free himself from the domination of the reactionaries and listen to the appeals of his people, but he has made the departure and it can very safely be predicted that the new order of things which he has sanctioned will stand permanently, for it will make for domestic peace, which ls the present ,.,,, may wlthin vision for the most urgent requirement of the empire. futu althoueh ere seems to be little mm peace at nome assureu tue gov- 11Uellnood of wnrd a88esor ever be- Too La rate for a Corner. New York Tribune. With a comlnir wheat crop of 29,72.1.W acres, or S.RGS.OCO more acres than were sown last year, and condition reported at 92.5 on May 1, the prospect for a wheat corner Is not alluring;, especially to those who tried that operation recently. Monstrous Public scandal. , Wall Street Journal. President Stickney of the Chicago, Great Western railroad, Is entirely right In call ing attention to the evil of free passes on railroads, and to the need of a strict enforcement of the law prohibiting them. Especially should this law be observed by the officials of tho government which made It. Most monstrous ls the practice of those legislators who accept free passes from the railroad at . the same time that they charge up mileage against the state treasury. Woeful Lament of -Umber Troat. Chicago Chronicle. It Is pleasant to be able to reassure the Mississippi Valley Lumbermen's association which views with alarm the growing scar city of timber and which has felt com pelled to hoist prices a few notches In consequence thereof. The association has evidently overlooked the fact that there are several million of acres of virgin tim ber land In Canada which may be made available as soon as the Mississippi valley society and Its contemporaries petition con gress to take the tariff off Canadian lum ber. We are in no Imminent danger of a lumber famine. The Railroad Defense. Kansas City Times. The chief defense of the railroads, and of the trusts, which are Interested In the matter of rate legislation, is that the pres ent powers of the Interstate Commerce commission are sufficient to deal with violations of laws by the railroads. But whether these powers are sufficient or In sufficient, the fact remains that the Inter state Commerce commission has been un able to restrain the railroads from making unjust rates. In only a very small per centage of suits brought have convictions been possible. The commission declares that the rulings against It have nearly all been based on Its lack of authority. The country wants the railways and the big shippers controlled. It wants a square deal all around. Existing laws have been In sufficient, even when a determined effort has been made to enforce them, and the people want new laws. And they are going to have them. ernment will be relieved of the neces sity of keeping its home garrisons filled with troops and can reinforce its armies tu Manchuria if determined to carry on the war to the bitter end. Having a short time ago granted re ligious freedom, the czar has now re moved the politlcnl restrictions in Foland and the Baltic provinces, some thing that the people of those parts of ing regenerated. Omaha for many years consisted of only six wards, the number being in creased to meet the requirements of in creased population and expanding area. The same considerations are at the bot tom of the present enlargement of ward numbers. If the council should ignore the reasons and objects for the redis ricting in making the new ward boun- Russia have been long asking for. The darle ,t wl meau Blmply that nnother Importance of this concession ls very great and will have a quieting effect upon a large element of the population council will find it Incumbent to do the work over again at the first opportunity. whereas should the new wards be es- which has been sorely oppressed and tnblished now on lines that conform to which recently has shrAvn n vigorous p0,nlatlon neelB they wm probably iimimesuiuon oi us resentment, inese gtnnd for year8 to steps in tne mooincation or autocratic rule and the removal of bureaucratic The president of the Armour rerig despotism will have the commendation erator car lines admits that the com of the civilized world and will assure pany has a monopoly on several rall- to the government a larger measure of roadsbut claims that It is exempt from popular loyalty and devotion, while pro- the law governing common carriers. motlng the nation's industrial develop- Here ls one place where even the senate ment and genetal welfare. HOSTILE FOREIGN TARIFFS. The tendency of foreign countries to discriminate In their tariffs against the United States received attention in a recent address by the secretary of the committee will be forced to admit an amendment to the Interstate commerce law is entirely Justifiable. ' The annual June rise of the Missouri river ls almost due. With the enor mous nunntltlea Of snow In th mnim. treasury, 'which is said to reflect the tains and the hem rainfall in the views of the president. Secretary Shaw upper MIg80url regkm chances are was reported as aecianng mar. so long tuat tue riTer win roreci08e its mort a. im vuuuuy uoi uiicnuuuuveu gage over severaj large tracts of Iflud against v, uosu.b lurms wm uoi ea- m Iowa a wel, ag ,n Nebraska, gage in retaliatory legislation, Dut ne intimated that unjust tariff laws against The charter ls plain enough that the United States exports will be met by I twelve-ward redisricting of the city laws of the same character; I must be made with a view to putting It is a natural inference that this was as nearly equal voting population as Intended as a warning to Germany. I possible in each of the wards. The ob- whose declared tariff, policy is com- Ject of the law ls to accommodate the mandlng a great deal of attention by I voters rather than the officeseckers, reason of the fact that it will place American products, particularly those of The Woodmen of the World threaten agriculture, at a decided disadvantage to move headquarters from Omaha In competition' with the products of the whenever taxation of their property In countries that have concluded new com- Nebraska becomes "unjust excessive merclal treaties, reciprocal in character, and oppressive." No court will permit with Germany. In defining the interna- "unjust, excesslvo and oppressive" taxes tloual .commercial policy of the United to be imjiosed upon any interest States the secretary of the treasury said that this country reserves to itself. 11 on more mg BniPP want a by means of protective tariffs, a large 111116 JunKel uown lo " asnington to measure of the cotuffierce Incident to ve testimony mat tnere is no can ror supplying the needs' and wants of its regulating legislation, they should people. "That which lt.ylelds to others not Lesltate t0 ,e u 150 known without fine the attorney general has de cided that the federal eight-hour law applies to the Panama canal tone Presi dent Shoots may change his mind about building the big ditch us a railroad would bo built. . After the warmth of the campaign in lthe ranks of tho Daughters of the Amer ican Revolution, it is not surprising that a majority have declared in favor of firecrackers on the Fourth of July, the only wonder being that the victors cau rasttnlu their uoise uutU that Uj. it yields, with few and unimportant ex ceptions, to all on equal terms aud gives no preferences to any country or to any people. The few carefully guarded ex ceptions only emphasize the policy and the slight advantage granted the repub lic of Cuba." He pointed out that the United States criticises no nation for levying duties, however high, when le vied for purposes either of protection or of revenue, "provided only they are delay at railway headquarters. Congregational ministers who have re plied to Dr. Gladden's pronunclamentos do not, apparently, object so seriously to what that distinguished divine be lieves as to the fact that be has taken the public Into bis confidence. PRESIDENT STICKXKY'S BOMB. Progressive Railroad Man Jars the Feelings of Professional Brethren. Minneapolis Journal. Fresldent A. B. SUckuey ot the Chicago Oreat Western has made trouble for the railroad men before1! His latest exhibition of Independence of view and frankness of statement ls his declaration to the senato committee on Interstate commerce in favor of giving the Interstate Commerce commis sion the power to fix rates. The railroad men have .been piling up testimony with the senate committee to the effect that such power, If exercised,,, would throw the busi ness of the country into confusion and have called to their aid shippers concerning whose testimony they seem to have been advised beforehand and have drawn upon the so-called "expert knowledge" of a uni versity professor In support of the theory that the Interstate tJommerce icommtslon, If It had the power, would soon "play hob" with the whole rate situation. In contradiction - of their claims, Mr. Stickney, who Is a successful railroad man himself, but who has never hesitated to declare his views when they have been In disagreement with other, railroad men, in forms the committee that the Interstate Commerce commission would be "the most satisfactory arbiter possible." Mr. Btlck ney's testimony Is going to make trouble, for he not only advocates giving the power of making rates to the commission, but he BiiaiLrjB uim uco.ui.iiui wiuury inui uie giving of rebates and the granting ot favors and discriminations has been abol ished by the Elklns law. He says the directors have stopped paying rebates on grain shipments, but in lieu therof have paid elevator fees, which is another way of giving rebates. The railroad men have been having things so much their own . way with the senato committee and everything has been running so smoothly in their direction that they had persuaded themselves and almost con vlnced some other people that the whole question of rate-making waa disposed of, the president headed off and the danger of effective railroad legislation averted. But with men like Mr. Stickney coming to the front, the president again on deck declaring for rate regulation and the public In possession of what rate regulation really means, it appears the campaign ls only fairly open. BIO LIFE I3SIRASCE t'OMFAMF.S. Enormous Arrnmnlstlnna of Money Sonree of Peril. A feature of life Insurance companies lo which attention Is directed by the Kqultablo squabble Is the enormous accumulations ot money by the companies and the power for good or 111 which control of It Imposes. The surplus of every company grows steadily, and as yet no way has been de vised to check tho Increase, nor do managers desire to restrict It. The con sequence of piling up such vast sums Is seen In enormous salaries, extravagant expenses and manipulation In the pur chase of Investment securities. More Im portant than this is the menace to th? Hnancinl well-being of the country in volved In the control by a few men of hun dreds of. millions of money. A correspondent of the Philadelphia Ledger, directs attention to this phase ot life Insurance in a suggestive manner. He Bays, in part: "Just before New Year's a little group made up of men whose names are frequently published In connection with some of the more important business of financing or of railway expansion were chatting Informally after business hours speaking particularly of the outlook, financial and Industrial, for the year 1905. With one exception, each one of this group poke with considerable freedom. All seem to be very hopeful. It having been noticed that one of tho company was silent, he was at last asked if lie did not agree with the others In their happy prognostication. In reply he said that he was concerned about one thing and had been thus concerned for more than a year. He could not see, so he said, exactly where the great Insurance companies were drifting or what they were to do in the near future. 'Individual fortunes, however, great, are commonly scattered or well divided by the third generation after the maker of tho fortunes. But the great Insurance corpora tions being of continuous life, the cor poration going on no matter how often death or resignation changed the personnel of Its directors, accumulates and Increases accumulation so that logically there would ultimately pass into the possession, directly or Indirectly, of these corporations, the control of much of the banking, most of the railroads and a considerable part of the Industries of the United States. 'I do not know what the outcome Is to be," this man continued, speaking seri ously. "To my thinking, the accumulation of these enormous assets, the great sur plus ls the most difficult and momentous problem that we have to face In this country." "Those who heard this man thus ex press himself have often wondered since the disclosure of a quarrel among the man agers and directors of the Equitable have been made whether he did not speak having some knowledge of that demoralizing situa tion. Although he ls not of the Equitable directorate, yet he ls'associated with one of the other Insurance corporations, a cor poration, too, some of whose directors have spoken freely to their friends of the very difficult questions which the building up of enormous assets and of great surplus by the Insurance corporation involves. In one of these corporations there was serious dis cussion at one time as to whether It might not .be advisable to seek no more new business. "But upon examination it was discovered thatlt would be impossible to check growth of that kind without impairing the whole organization. To refuse to receive new business would necessarily affect existing contract, so that there seems to be nothing for it but to continue to ac cumulate. The very Impetus which has produced these great assets and surplus It is now impossible to resist without caus ing some' Impairment possibly of assets or of surplus. PERSOVAL NOTES. Literary Opportunity. Washington Post. It Is hardly probable that Secretary Loeb cle on Sheriff. "How "We Fcoled the Omaha made to rest no more severely upon us ,nd pat Crowe wHI tttke Bdvanta"e of tn than nrwin f.llor-" All tt.l. . 1 w , 1 ,.m uim luuuu asks ls the right to buy in foreign mar kets on the same terms as her com merclal competitors and the right to sell In all markets on terms as favorable as carles of th C llmat Chicago Inter Ocsan. There are great floods In Nebraska, many any. He said that America will never miles of country being under water, which be involved in tariff war or retaliatory would go to prove that the climate con legislation so long as the United States pursues its present policy aud other countries do not discriminate against those who do not discriminate against them. tlnues to change In tho most unexpected places. Greatness of lit adslajBt. Philadelphia Press. General Linevitch says he could have won the battle of Mukden, which General The .German tariff carries maximum I Kouropatkln lost. Certainly, and when Boston Corbett, the man who ls credited with having shot Wilkes Booth, the as sassin of Lincoln, ls residing In Texas at. present. Earl Gray, the governor general of Canada, accompanied by Sir Frederick Borden,- the Canadian minister of militia. is visiting the United States Military acad emy at West Point. Eugene Ware, former commissioner ot pensions, declines to provide a portrait of himself to be hung in the office of the commissioner of pensions, as his predeces sors have done of themselves. Hecretary or Agriculture Wilson, ac companied by Prof. J. M. Splllman and M, A. Carleton, has started on a trip to the southwestern states, where an In vestigation of agricultural conditions ls to be made. Sir Oeorge Turner, the treasurer of the Australian commonwealth, claims to be tho author of the shortest bill on record. When premier of Victoria he Introduced a bill of one clause and five words: "No person shall smoke opium." Yet it did not pass. The eight ambassadors of the German empire In Madrid, Rome, Washington, Con stantlnople, Paris, London, St. Petersburg and Vienna, are all members of the no bility. Their emoluments are 125.000 In the first three cities named, 130,000 in the next three and (37,000 in the last two. A. E. Houseman, professor of Latin In the University college, London, ls a writer of verses which have won praise from able critics. He consistently refuses to ac cept pay for his work. An American maga- slne recently printed fragments from book tie printed and sent him a check which was returned with thanks. President Roosevelt will go to Oyster Buy on his return from Harvard commence ment In the latter part of June, which will this year be the twenty-fifth anniversary of his own graduation, lit) plans to make no other trip from Washington except to S to Brooklyn for the dedication ot the SI )cum monument on Decoration day. The Intervening period in Washington will be exceptionally busy. HARDSHIPS OF PROKrF.BITY. Pessimistic Observation on Condi tions (ienrrallr (heerlna. Philadelphia Ledger. Prosperity Is not universally pervasive; It Is an indication of the general tone of the economic body; It means, in a general way, health, though some of the members aro stagnant. Capital has courage and confidence to undertake enterprises which are beeun only In fair weather; the Investor has faith, and will let the capitalist have the money for his enterprises on easy terms; more men are employed, and the merchant sells more goods to 'the workers; the manufacturers make more goods and call for more raw material; the producers, when the demand Is brisk, suddenly find themselves In a position to sell at a higher price; when the higher prices are charged the group In the community which Is de scribed by the word "labor" ls confronting a rising Instead of a falling wage. It thus happens that, as a rule-, what we call prosperity is generally accompanied by a time ot high prices for commodities, though it is not at all certain that high prices themselves make prosperity. If labor can get an Increase of wages large enough to overcome tho higher prlci-s of the necessaries of life, It may be said to enjoy that much prosperity 'In addition to the largely Increased chance of steady em ployment for more men. Hut for a largo class of the community prosperity has a hollow sound and may actually mean in creased hardship. The laborers may in certain trades, by means of unions, force up their wages artlflcally and maintain them for a long time, but that vast army of persons who may be fairly well described as salary workers, as distinguished from wage-earners, have no such recourse. The economic term, "Immobility," applies to them and to their condition. It ls a well-known law in the economic world that the increase in wages lags a long way after Increase of prosperltay. In the case of the salaried employes a country may pass through several eras from prosperity to stagnation and to prosperity again and the salaries of clerks, schoolteachers, pro fessors In colleges and the like usually remain at or near tho same level. To this great army must be added the persons of small fixed income derived from invest ments In mortgages, bonds, annuities and other funds. These people are at a great disadvantage, because, with the develop ment of the country and the Increase of stored capital, their Incomes actually tend to shrink because of the falling rate of Interest. What is to be done about it? Nobody knows. The labor unions the organized workers seem to be able to enforce their demands for a share of prosperity when it oomcs, but the salaried people and others in that class dread real prosperity the in crease of the price of living as much as the capitalist dreads the hard times. When the economic universe is to be adjusted according to the sublimated equities which the zealous reformers of all sorts promise to usher in, the persons with the fixed in comes ought to demand a hearing. "It is not difficult to demonstrate that within another generation. If the growth of these corporations continues proportion ately with the growth of the last thirty years, they will possess direct or Indirect authority over much of the banking of New York, some of the banking of other parts of the country and through loans or Investments will also have more or less authority in various railway corporations. Three of the corporations now control nearly $1,500,000,000 of assets and their ag gregate surplus ls approximately $250,000,000. As the money rolls In in continuous and constantly Increasing currents, It must be invested and must seek not only Invest ment in quick assets, but also in real prop erty, through purchase or through bond and mortgage. Five years ago one of the foremost thinkers of New York City called attention to the growth of these corpora tions, saying that they were, if their growth continued, very soon to become Je real money power of the United States. "Undoubtedly their resources and their power of granting favors and the rich opportunities they offered have attracted to them some men who are conspicuously Identified with the great railway expan sions of the United States. Therefore, It is now said that one of these corpora tions, through its loans and Its Investments, Is Indirectly, at least, the largest owner of the securities of one of the great rail ways of the United States. "Out of the agitation which has followed the disclosure of the Equitable quarrel there may finally come a better under standing of what life insurance should be and how it should be controlled or regu lated. Just now there grows an impres sion among the policy holders that the rates charged for Insuring are altogether too great. Sometimes men who are born with a gift for an actuary's work have figured out, to their own satisfaction at least, that investment in a life insurance policy, looking at it from the investor's point of view, ls the most extravagant one thaSsa man can make. The figures these men set down tend to show that the charges for premiums are excessive. They reason that If any purely money making corporation like a bank or a manu factory were to carry on their business as the Insurance corporations do, they would soon find themselves obliged to liquidate because they would be unable to obtain any business. "Some of tho disclosures already made in the Equitable case tend strongly to confirm this impression. If the statements are true, excessive commissions are al lowed. There seems to be extravagance rather than economy in much of the ad ministration, there being expensive of fices, a highly expensive organization and heavy expenses tor extraordinary charges. So it has sometimes been said that If the Insurance corporations were manged with a view to economy as skillfully as the United States Steel corporation is, it would be possible to reduce charges for premiums at least 80 per cent." THE PRICE OF BEEF. Fntile Attempts to Fix Responsibility for Htwh Prices. Chicago Tribune. A few years ago the consumer of beef began asking why he had to pay so much for it. He was told by the cattle raisers and other authorities that the Beef trust should bo held accountable. He was told that It had a monopoly of the dressed beef business and was growing rich by over charging him. That seemed to be an ade quate explanation. Whenever prices rose the consumer denounced the "trust'' and called on the national government to crush it. A few months ago the bureau of corpora tions made an elaborate investigation. It reported that the so-called trust did not continue their researches. The packers have the monopoly of the market It waa supposed to have. The bureau reported also that the trust was not 'responsible for the advance In the price of beef. As this was an attack on the cherished belief of many, the accuracy of rhe report was angrily denied. Its conclusions have not been disproved and until they are must be accepted. The question why the price of beef has advanced remains unan swered. Why should beef on the hoof gr down so that cattle ralsisrs say they are doing a losing business, and at the same time beef in the butcher's stall goes up? That Is the question which plagues the consumer. Who is to enlighten him? Gov ernment agents have assured him that the confederated packers are not the guilty parties; they have done It In a 300-page book, which he has not time to read if he can get a copy. Now that an alibi has been proved for the packers, the government officials should have said sometimes that the retail butch ers were responsible for the higher prices. Nobfdy accuses them of being In a trust, but there ar so many of them that they may put up prices in order that all can get a living. No Inquiry can be complete which leaves them out. If the government, after full Investigation of the cause of the advance In the price of beef, ls unable to say to anybody, "thou art the man," there ls still something it H Will Ittf Ur ilCHi.MII illll ; Absolutely Puro HAS HO SUBSTITUTE can do. It can give the consumer n densed facts and let him draw his own-con elusions. It con gl-e for a series of years the price of cattle on the range, tho cost of transportation to the pncklng centers, of slaughtering, of dressing and of transport Ing the dressed beef to points of consump tion. It ran give tho wholesale price ot dressed beef and the retailers' prtve. With the aid of tho summarized Informa tion, put In an Intolllglblo form, the con sumer may be able to find out who op presses him. Or he may learn that the ad vance In priors Is due to causes over which) neither he nor ills government has any control. MlltTIIKII. HF.MAKK. I First Puke-Well, do you think Miss Va'n, Bullion Intends to buy you? Second luke My dear boy. I don't know. Some days I think she does. At other times I fear she Is merely shopping. Louis ville Courier Journal. "Our jjarlor clock doesn't work right,'' said Miss Patience. "It's positively o centrlc." "Eccentric?" exclaimed Mr. Staylate. "Ha! ha! Just like me." "(Jrarlous! 1 hope not. It Isn't going at all." Philadelphia ledger. "I enn't Imagine anything more unsatis factory," remarked the Chronic .Kicker, "than a meal at our boarding house.''- "No?" replied tle sentimental youth. "Evidently you never got a kiss from your best girl over the telephone," Philadel phia I'ress. Tim I'm feeling fine' this morning. I was up with lark! Jim I'm not feeling so fine this morning I was up with u lark last night. Detroit Free Pro.?. Naval Hello of 'OS. Springfield Republican. There is a pride In enrolling under the national flag a warship captured from the enemy, which ls the nearest modern equiva lent. ot the captives following at the chariot wheels of a Roman triumph. The former Spanish warship Reina Mercedes, sunk In Santiago harbor by order of Admiral Cervera, and afterward raised and re paired, has been converted into a receiv ing ship at the Portsmouth (N. H.) navy yard, and is, according to the construction report, the finest of her kind In the navy. She was originally built at Carthagena In 1887, and was of 3.090 tops. It was on the Relna Mercedes that Hobson and his com panions were, first taken after their dar ing exploit "Yes. he's in college, but he's not very bright." "No. What studies has he taken up?" "Greek and stenography, and the Greek characters and the shorthand symbols havH got him so balled up that he can't tell ouo from the other." Philadelphia Ledger. "Have you never giwn any thought to what posterity will say about youtT, "No. ; answered Senator Sorghum! "T long ago arived at the conclusion that posterity cannot make you as much trouble as oiip of your next door neigh bors." Washington Star.. Tho French admiral strained his eyes as he stared Into the offing. He could sea nothing of the Russian admiral.. "Whore's Ro?"' he demanded-6f the red trousered lookout. "Ro Jost ventsky." the man politely re plied. Cleveland Plain Dealer. sliORT-l.lVKD JOY. S. E. Klser in the Record-Herald. I chanced to strike it rich one day, A "tip" was pasBi-d alung; , i , ,,, . I risked my all things came rny way Instead of going wrong One turn, and I was rich and proud And greeted hy the Krmt; Around me willing lackeys bowed And served my mouls lu sua. And one that I with awe had viewed . And worshiped from below Smiled on me sweetly as I wooed. And all the Joys they know Who, after beinr long denied. Are richly blessed I riad; " In all her beauty and her pride She came to make me glad. My splendid yacht was on the My fume was everi-whera; I found new pleasures day by day And turned my back to care; In hard-fought tournaments 1 won And heard her praise rny skill. And youth, whoso sands so quickly run. Was in my keeping still. Beside me In my yellow car My lovely princess sut; We traveled rapidly and far Through acn'-s worth looking at, And many a dog nnd many a goose Iy lifeless where we sped, And many a farmer's team tore loose And galloped off in dread. ' With love-lit eyes she turned to me, As faster yet we flow, And candidly oonfesned that she Adored mo through and through Not for my riches only no. But for my worth, she vowed; She had a luscious mouth, and, oh. Gee whiz! but I was proud! With one hand on the wheel, I bent And drew her very near; We hit a railroad train and went Up In the atmosphere! The shock was awful; when we struck She murmured, "Holy smoke!" And, while descending, blame the luck, Your humble bard awoke. HOW TO AVOID CERM DISEASES Strengthen the Stomach and Digestion, and You Will Keep Well. When there Is an epidemic of germ dis ease, and most diseases are caused by germs, it ls the person with the weak stom ach who succumbs first. If you suffer with pains or distress after eating, headache, belching of gases, sour food, a bad taste In the mouth, dlrzlness, pains in the heart, specks before tho eyes, and a general feeling of despondency and weakness, you should get well at once by strengthening the stomach with Ml-o'-na. Just one small tablet out of a fifty cent box before eating, and your digestive sys tem, will become so strong that you will be tho embodiment of good health and spirits, and need fear no germ diseases. Ask Sherman & McConnell Drug Co., corner ltt Ii and Dodgo streets, Omaha, to show you tho guarantee under which, they sell Ml-o-na; It costs nothing unless It cures. Snow Flake Bread ' Is Made From Minnesota Hard Wheat Flour The best flour money can buy. It gives the bread the proper color. The proper dryness and texture. Snow Flake is made by experienced bakers who know what per cent of the different ingredients (milk, lard, salt, etc.,) to use to give it that rich delicious taste which ia so much enjoyed in the best home made bread. It is a big, wholesome, nutritious loaf for 5 cents. Over four hundred groceri w wm tell it. This Iatxl Is on every loaf antl is a guarantee that it Is the best that money, skill and cleanliness ran produce. Our bakery U always open for inspection and visitors are al ways made welcome. Look for the red label. U. P. STEAM DAKINC CO.