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About Omaha daily bee. (Omaha [Neb.]) 187?-1922 | View Entire Issue (Sept. 23, 1906)
OVERLAND f ROM SEATO EJ;
Etrrimtn'i Control af the Btlt'mort &
Ohio Ballroad EeaaserUd.
A MQDlRI COLOSSUS CF ROAD
Wlaard at the lalaa Parlfle Fore
tailing GaalaVa t'ontlaentnl Maes
saecalatlre Talk la RalU
The qualified denial of the report that E.
H. Harrlman had Obtained control of the
Baltlmori 4k Ohio railroad la aot taken airl
ously by New Terk papers. Tha Bun and
the Tribune annert that the Harrlman In
terests have secured the property and that
the wizard of the Union Pacific. Is already
directing the policies of the BaJt'mnre A
Ohio. Here Is what the Bun eavs:
The r.vn that & R H r Iman and
financiers allied with htm had acquired c.n
trol of the Baltimore A Ohio, and conse
quently a large Interest In Reading, re
ceived substantial confirmation Monday.
Bankers with pnrtlcularly good sources of
Information regarding; the properties de
clared there could be no doubt of the trans
fer of control.
' "Both Mr. Harrlman and James BtlMman,
president of the Katlonal City bahk and one
of Mr. Harrtman'a associates on the Union
Paclflo board and In railroad and atoek op
erations generally, have been directors of
Baltimore A Ohio for some time and hare
represented a considerable stock holding.
This holding. It Is believed, was largely
augmented last spring, when the company
put out a new stock Issue of in.ttoOOO, the
Harrlman party exercising their own rights
to subscribe to the nw issue and also pur.
chasing rights on a targe scale in the open
market. It would have required very few
additional purchases, It Is believed, to com
bine with these holdings and the stork
aold'by the Pennsylvania-to constitute a
"On the first of January last the Pennayl
"rs.nl In Its own name owned more than
51,000,000 of Baltimore A Ohio stock, and In
the name of subsidiary companies bad
nearly 20.000,000 more. With the Issue of
the new stock the Pennsylvania had a right
to subscribe to a large block, but It In not
believed that the right was exercised, since
the company at that time was borrowing
money extensively. Of Its own $51,000,000
the Pennsylvania sold to Kuhn, Loeb A Co.
two weeks ago $10,000,000. Those who are
authority for the report of the transfer of
control IneUt that the purchase was made
for Mr. Ilarriman's account, although
Kuhn, Loeb A Co. won't admit It.
"Additional confirmation of the report was
secured Trom a prominent officer of the
road, who said that not only had Mr.
Harrlman acquired control, but that be had
begun to exercise It. As to the particular
point of policy on which Mr. Harrlman had
been exerting his influence the officer de
clined to speak. He did say, however, that
It had been displayed In such a way as
to leave no more doubt that the domi
nant Interest In the property was now In
Union Paclflo hands than In ths past It
bad been' shown- to lie with Pennsylvania.
"Both prominent bankers and well In
formed railroad men were of the opinion
that the Pennsylvania, before parting with
Its holdings, must have received assuranoes
that the new control of the road would not
be used In a manner detrimental to Its
Interests. The Pennsylvania and Balti
more A Ohio, It was pointed out, are
paralled lines for more than half of their
routes, and It was Inconceivable that the
Pennsylvania would part with Its control
of the other without the strongest possible
guarantee that the present community of
Interest would be preserved.
' " 'Toil can' better appreciate," said ons
of the most prominent railroad men in the
street, "how' greatly' Pennsylvania's In
terests are dependent upon a friendly con
trol of Baltimore A Ohio If you stop to
consider between how many principal t raffle
points these are the only line. Without
specifying all of them take Pittsburg as a
venter and you will note that westward
they are tha only direct lines between Pitts
burg and Cincinnati and Pittsburg and
St. Louis. Eastward they are the only
lines between Pittsburg and Washington,
Pittsburg and Baltimore, Pittsburg and
Philadelphia and Flttaburg and New York.
'In however great need of money for
the completion of Its extension and Improve
ment plans President Casaett would never
consent to a surrender of the control over
Baltimore A Ohio without guarantees
as to the management of the road. Such
guarantees. It Is quite probable, could have
been arranged by Kuhn, Loeb A Co., who
are fiscal agents for both the Pennsylvania,
and the Union Pacific.'
Front tea ta Kea,
"Other railroad men were positive In the
belief that the transfer of control will In
no way Jeopardize the community of Inter
est among the eastern trunk lines. Its great
advantage. It was agreed, la that It gives
Mr. ilarriman's party practically a trans
continental line and enables It to make re
markably formidable opposition to the rap
Idly completing Oould transcontinental sys
tem. "The western terminals of the Baltimore
A Ohio are at Chicago and St. Loula The
eastern terminals of the Union Pacific are
Omaha and Kansas City. The St. Paul,
which reaches both Omnha and Kansas
City, could be transferred to the Union Pa.
elflo between courses of a dinner with, but
half a dosen covers. The Illinois Central,
which connects with the Union Pacific at
Omaha and with the Baltimore A Ohio at
both Chicago and St.' Lout, and also with
the Southern Paclflo at New Orleans. Is a
road In which the Harrlman party already
has a large Interest.
"But neither of these lines, It was pointed,
out, Is necessary to make rf the Union Pa.
clflo and Baltimore A Ohio a transconti
nental system. The Chicago A Alton Is suf
ficient for that purpose.
"Two years ago the control of the Chi
cage A Alton was acquired by the 'Harrl
man interests and the Rock Island. The
holdings of both companies are in a voting
trust providing for harmonious manage
ment. The road Is a short and direct line
between St. Louis and Kansas City, and
while the Rock Island might not care to
pert with Its entire Interests In the rrrp
erty It has a line of Its own btwn fit.
Louis and Kansas City and mlsM consent
o a transfer of the Kansas Clty-St. Lnu's
division of the Alton to the Union Pacific.
At any rate Union Parlfle's Interest In t"e
nrooerty la sufficient to Insure as good traf
fic arrangements aa probably would be de
tarttlfleacee tits C"r.
"A practical combination of the Baltimore
OMo, Union Paclflo and. Chicago A Al'en
weuld furnish almost parallel competition
for the main links In the Oould transcon
tinental chain, the t'nlnn Pactfle competing
with the Western Psclfle. now In course of
construction, sod the Mlssonrl Paelfln as
far east aa Ktnas Citvt the Alton panHel.
Ing the Missouri Paclflo from Knnsaa City
to Ft. Louis and the Baltimore A Ohio
tnk'n care of the Wabash from W. Leal
and Chicago te Pittsburg and of the West
ern Maryland and the pronoard connecting
between the Western Maryland and
. Weheafc from Plttabursj to tidewater.
"In framing his transcontinental line
Mr, OoMld first enoe'intered . the hostility
ef the Pennsylvania In entering his Fit te
nure entrance and later the hostility af the
Union Psclfle fn constructing the Western
JraolOo, He at now Usreetaoed wit) .h
wimr-gmton pf -a rransronttnent Hn with
equipment vastly, superior and with
MtaMlnhed business long before the oom
ptetloa of the Unas connecting ths Oould
roads Is possible.
"The Interest In Reading derivable from
control of the Baltimore A Ohio Is con
siderable and may with other purchases
secure for the Union paclflo party control
f that road. It la believed, however,
that If such control passes or has passed
It will be on terms satisfactory to the Van
derbllts, the Pennsylvania and . the hard
eoal Interett The Vanderbllts, through
the Lake Shore, own aa much Reading
stock aa does Baltimore A Ohio and have
use of the Reading for a southern outlet.
To the Pennsylvania and. In fact, to all
hard coal roads ths, friendly ownership
of Reading la of prime Importanoe on ac
count of the dominant position of that
road, which owns twice as much coal land
aa any other. The anthracite situation
Is adjusted so satisfactory to all parties
that none of them would consent to a
breach of the present arrangements.
"The Pennsylvania, unless It has sold
much more Baltimore A Ohio stock than
has yet been announced, will remain aa
Influential fsctor In the company. It re
tains, according to the manuals, ttt.OOO.OOO
Baltimore A Ohio stock Itself and nearly I
120,000,000 under the nominal ownership J
of the Northern Central, the Philadelphia,
Baltimore A Washington and the Penn- j
aytvsnla company. It Is probable that
when alt the particulars come out the Penn
aylvanla will be found to have parted with
a part at least of this aggregate of $21,000.
000, but at any rste, bankers said, the
sale . will be made under guarantees that
will protect the Pennsylvania."
TRAITOR TO GREAT FAMILY
I'ngratefnl "on of the Tribe Boldly
gheda tha Rame af
Just before conferring his name upon
Miss Florence Mott, daughter of Judge A.
B. Mott of Neenah, Wis., Prof. Ernest
Bradford Smith of Pennsylvania university
had his own name changed by law to Er
nest Smith Bradford. Asked as to his mo
tive, the professor replied with great sim
plicity: "There are entirely too many of
us," meaning, of course, that there are en
tirely too many Bmlths.
But, as a matter of faet, there are not.
There could not be. This world Is all the
better for Its numerous Smiths. One may
meet 100 Bmlths every dsy and yet not
feel that he has met too many of them.
All Smiths are not alike and It Is only
natural that some Smiths should be better
than others, but the average Smith Is
deemed to be worthy of the confidence of
the average man of soma other name, and
the chances are that the Average man of
some other name will take more kindly
to an average Smith, everything else being
equal, than he would to the .average
Brown, Jones or Johnson, although there
Is not a word that could be truthfully said
against any of the latter names.
"How do you do? My name la Smith,"
hsa a ring to It that has driven the blues
away from many a homesick (traveler In
foreign lands. If It comes to be known
that there Is a man named Smith on a
railroad train he Is never permitted to
travel far without being assured that all
the others on board are his friends. If a
man named Smith appears at a publlo
meeting he Is almost certain to be asked
to take the obalr,
No Smith has ever been president of the
United States, It la true, which would
seem to Indicate that there la a limitation
to popular confidence In people of that
name. But the fact Is that the Smiths
themselves are responsible for their failure
to reaoh the White House,
They are the moat modest and diffident
of people when It comes to politics, and the
thousands of them who have held high
positions in city,. .state and. national af
fairs have been exalted against their pro
test. They would. prefer to remain In tha
ranks, among the workers. '
As Prof. Ernest Smith Bradford, Prof,
Ernest Bradford Smith that was will miss
tha cherry greetings with which he was
everywhere received, from Philadelphia to
Neenah, In the old days. Bradford will
strike his former friends as too coldly dig
ntfled. And yet It must be conceded as his
right to change his name to suit himself.
A man must always bo In the closest as
sociation with his name. It Is something
that he cannot get away from, and If it
Is disagreeable to him, or Inconvenient, or
a name that Is not wholly acceptable to the
young lady who Is willing to change her
name for his sake to another, the beat
thing he can dp, perhaps, Is to get rid of it
But It does not follow from this that
there'are too many Bmlths. There could
not be, except in the opinion of the di
rectory people, and it la their business to
make directories, not to crittolee names.-
Chicago Inter Ocean.
NEW LIGHT 0N BOOZING
Doctor Declares Drankennnesa Has
Coaaa ta Ba Reckoned with
aa a Dlsaasa.
Dr. George A. Lung, a surgeon of the
United States navy, has recently made a
most notable contribution to tha discussion
of the effects of alcoholic drinking, In a
paper read by him before the Association
of Military Surgeons. Pr. Lung comments
on the general growth of excessive drink
ing and on the Influences exerted to
counteract such tendencies, He does , not
admit any necessity for the use 'of alcohol.
On this point he says: "The evils that
arise from alcohol are from Its abuse, not
its use. But who is to be the authority to
set the limit, and aay where safety ends
and danger beglnsT As a beverage, or even
as a medicine, I am almost convinced that
the world could be deprived Of alcohol
and not suffer. I am almost convinced
that the world would be better for Its ab
sence." ' Tha nations most addicted to
drunkenness today, the author finds, are
the United Statea, Great Britain. Ger
many, Ruasla and France. The opening
wedge Is usually the Insidious argument
that "a little drinking will do no harm."
but soon this develops the universal crav
ing, which sooner or later gives license
for an Indulgence, making an evil end
Whatever may be said about 'the Im
perfections In the methods employed by
temperance advocates, and the spparent
lack at times of definite results, Dr, Lung
asserts his conviction that "the Intention
at least Is a moat commendable on and
worthy of support." The boast of , the
average young drinker, that he has suffi
cient will power to break off his habits of
Indulgence when he so desires, la not over
looked by Dr. Lung. He declares that
"no young man, or even an old one, whs
may be classed as an occasional drinker,
can foretell to a certainty that be will
not degrade, as he advances In yea re, first
to the state of a drunkard and then to
that of an Inebriate." He thinks that
one who has followed ths Platonic In
junction of drinking In moderation only
after 0 and making his sportive Indul
gences only after 40, may feel reasonably
confident that he will not descend Into ths
other undesirable stage. "But, though
he may be satisfied aa to himself, runs
the further comment, "be haaaqt escaped
the responsibility that his example and
Influence on others hsv been.
The contention advanced In consequence
ef these observations 1s that drunkenness
has come to be recognised as a disease
which not only unbalances the normal
physical life of the Individual,, but make
him a disturbing factor In every walk of
FIVE MIGHTY FAT TEARS
Facta and Figures About the Wondarfol
Frotperitj of ths Oeuitrj.
UNPRECEDENTED UPLIFT ALL AROUND
Paeaeaaeaal Crops, Large Acreage
ad High Price Aa Aaaaslag
Lean la the Fortaaea
of the Caaatry.
Through Ave consecutive year the United
States has enjoyed a degree of prosperity
without precedent In hlfa century, and
perhaps not In Its history.
Tbe immediate cause of this a mating
leap In the fortunes of the country Is ana
lysed by Carl Snyder In Moody's 'Magasln.
The last Ave years of farm production
have been doubly exceptional, W have
known phenomenal crops associated, some
times with large acreage, sometimes with
This triple combination has been known
to occur In a single year; perhaps once or
twice, as In 1181 and 1882, for two year.
It hat never before been known tor five
consecutive years, and It will probably not
be known again within the lifetime of the
Our principal crops In order ot total
value are, corn, hay, cotton, wheat and
o,ta Ths total value of these live crops
tor ths last five years of the last century
amounted to $9,OC,000,000. The return for
these same crops for the first Ave years of
the new century were more than $14,000,000,
000, a aheer advance ot more than W per
These crops represent a little more than
half the gross yield of the nation' farms.
We may then roughly compute that the
Immediate supporting population of the
country received on an average $2,000,000,000
per year more for Its labors, through these
five astonishing years, than what might be
regarded as its normal return.
The sggregate values for all farm prod
ucts for the year isne were estimated by
the department at more than $6,000,000,000.
It would probably be difficult to show that
ever before In history, has farming re
ceived so high a return as In the last year.
Independence of Farmers.
It Is perhaps no exaggeration to ssy that
In consequence ot these five unprecedented
years, the American farmer ia In a position
of greater economic Independence, not to
say, opulence, than has ever before been
known to a tiller ot the soil.
In 1875 the United States possessed a
population between 40,000,000 and 45,000,
000. It haa doubled In thirty years. In
187$ the total mileage of the country was
but 70,000 miles; In 1901 it was three
times as great.
In 1S7S the total gross re'aeipta of the
rallwaya was $500,000,000. In 105 they
exceeded $2,000,000,000. That is to say,
the total-traffic was four times aa large.
In 1175 all the railways represented a
capital of stocks, bonds, and debts of
$4,500,000,000. In 1904 the corresponding
account waa $14,000,000,000; that is, rather
less than three times as great with four
times the traffic. '
Tb earning power of the Invested cap
ital had Increased In this period by 80
per oent. In 1875 the railway trafflo earn
ings were a little less than 10 per oent
of the gross capitalisation. In 1905 they
were nearly 15 per cent
Very naturally stock valuea show a cor
responding Inoreaae. In tha period from
1575 to 1880 the average value of the
Shares of the ten leading rallwaya of tha
nation ranged around $80 to $70. Tbe
average aank. In 1877, to aa low as $$9 a
hare. At the close of 1905 It waa about
$100 a share.
The average dividend return on tha
market price of tha sollder railway stocks
In the meantime had been cut very nearly
In half. The average return to lnvestsd
capital even so late as 189$ and 1895 was
between 5 per oent and 6 per cent An
average of twenty of the leading dividend
paying stocks at tha close of 1905 showed
a return of but a little more than S per
In 1897 tha total listings of bonds waa
1&0, 000.000. Ia 1906 It waa $880,000,000.
Oataut af Minerals,
' In 18S0 the total production of coal In the
country, both anthracite and bituminous,
was 70,000,000 tons. In 1905 It was 875.000,000.
In 1890 the estimated value waa $145,000,000.
In 1901 it was $300,000,000, In 190$ It was
The Increase of pig Iron production was
still mora remarkable. A quarter of a
century ago the .annual production was
about 8, 000,008 tens. The production for
1905 waa $8,000,000 tons. The annual value
of the pig Iron product from 1881 to 1898
ranged about $100,000,000 and In 1905 It
reached a record total of $377,000,000.
From 188$ to 1894 the net deposits In all
of the national banks of the country In
creased from a little more than $1,000,
000,000 to $$,000,000,000. They all fell
away rather sharply In 1197, following
the bad rear of 18$$. They rose from
about $1,750,000,000 in 1897 to more than
$8,000,000,000 In 1906. Tha Increase In
tb eight years was not far from $00 per
If we add to this the $3,150,000,000 held
by the savings banks and tbe $4,260,000,'
000 of deposit in state and private bank
and the loan and trust companies, we shall
have an aggregate of deposits of nearly
$18,000,000,000. That la an average bank
account of more than $150 for every man,
woman and child In the country, or an
average of $760 for every family, from
tenement house or fishing village to $5,
000,000 copper kings' palaces on Fifth
There were, in 1904 and 1905, nearly
5,000,000 Individual depositors In the sav
ings bank of the eountry alone. Their
deposits were three times greater than All
those of the United Kingdom, or Austria,
or rranoe. and half again as large aa the
hoards of thrifty Germany.
More than $,000,000 Individual in the
United State are paying' la annually to
life Insurance eompanlea more than
H, 000,000 per year. Thl exceed $100
for each policy and represent in large
part a saving bank account
The actual amount of money per capita
In circulation la the country has been
rather more than doubled In thirty years;
It waa only a little mora than $11 per
head In 1$77 and 187$. It now exceed
$81. Immigration' passed the record mark
of 188 In 190$ and axaia in 1904,' reach
ing the unprecedented figure of mora than
I, 000,000 in the yat year. It will be
curious to observe whether financial his
tory will repeat Itself in 1804-07; and a
harp depression follow the incoming of
this foreign flood, as It did In 18T8. in
1814 and lo 1$8.
- ' Chancellor Par' Uplgrama. '
Chancellor James R. Day of Syracuse
university Is noted among the student
for hi brilliant if somewhat caustlq pW
I once attempted to defend a certain
action before the chancellor, said a
Byraouaan, "and I know that my defense
waa feeble. The, chancellor listened to
me with a bitter smile and when I reached
my lame conclusion he said:
Tour defense la rather an attack. In
your attempt to praise you condemn. Sup
pose that I wished to dilate on the value
Of advertising, would I say:
'Who says that publicity doesn't payf
A burglar overlooked $600 ia a drawer
sad the papers mentioned tha faet The
thief returned the) Mat night and aot anly
SUNDAY BEEi SEPTEMBER 23, 1900.
ALL THIS WEEK -AS LONG AS THEY LAST
REAT ODSeyOT SjftLLi F THE
Chickering & Sons Pianos, grand and upright at $100 discount. Everett
Pianos at $75 discount. Ivers & Pond Pianos at $50 discount. Many other
high grade standard makes at half price. New Pianos at $125, $157, $179.
'. These Pianos are not damaged by fire,
water, earthquake or railroad wreck.
They are not cheap, unknown makes,
shipped in to deceive the public. :: ::
For months we have been preparing for this great sale, placing
large orders wherever ready cash would ick up rare bargains.
Pianos have been arriving for weeks in parload lots, and more car
loads are on the way. Never have we had so large a stock to select
from, and never have We been able to offer such tempting prices.
Not Matched in Omaha for the Money,
None Better in the World at Any price.
All new and perfect, not worn out ' pianos taken in, exchange,
nor second hand pianos returned from renting! Economical buyers
need not hunt for other peoples cast-off pianos when fine new one;s
may be purchased at this sale at such low prices. s '
HOW CAN WE DO IT? CALL AT OUR PIANO STORE
AND WEXL TELL YOU ALL ABOUT IT
secured the 1600 but a allver watCb aa
HAT CHECK; RULE ON TRAINS
Fasseager Resents the Idea that Ha
Shoald Help tha Can
Many persons, who, traveling, have had
annoying experience with the "hat cheek."
will watch with interest for the outcome
of the suit to be Instituted, by Jamss
Wllcher against the Great Northern Rail
way company. Mr. Wllcher was ejected
from a train near Marcus, Wash., because
he eould not produce a hat check showing1
that ha had given to the conductor a ticket
entitling mm to ride to nis destination. He
alleges that the conductor took up his
ticket and did not give him any check In
From the allegations as to fact It , is
possible that the point of most Interest
will come up In the present case. This
I the right of a conductor to claim the
production of a hat check when one has
admittedly been given. A passenger buys
and pays for a ticket entitling him to
ride ta a certain station. When that ticket
Is presented' to the conductor the pas
senger's part of ths contract. It la claimed
by many, is completed. He has assumed
no obligation to assist the conductor In
remembering how far he Is to ride. The
hat check Is nothing more than ' a re
minder or evidence for the guidance) of
the conductor. In many cases it la not
even handed to the , passenger, but Is
placed In a clip on the side of the ear, or
In the slats of the wtndow shade.
If handed to the passenger with an ad
monition that It waa an exchange ticket
which he would be required to show as
evidence of his original contract he would
probably put it In his pocket for safe
keeping, but so far as the conductor's
convenience la concerned, be might as
well retain his ticket The hat check Is
not an assurance to the paaaanger that
he may ride to his destination. The con
ductor puts a number on It. but no sta
tion name, and the paasenger does not
know that the number Is correct for his
tatlon. Conductors, of course, are not
supposed to make mistakes, but they are
Many way will suggest themselves to
traveler In which a hat check may be
lost or overlooked. If not securely held
In the hat band, and many have had em
barrassing interviews with the conductor.
They claim that it Is not right to hold
them responsible under an arbitrary rule
eatabtlshed by tha railway company for
the convenience of the conductor. A de
cision on this point would be of general
V Rfaslnirs of a Cynic.
Many a girl haa lost a good friend by
Many a good husband hasn't tha nerve ta
be anything else.
Tomorrow never comes that Is, unless
you have a not to meet.
Borne men never accomplish anything
without a pacemaker.
It la quite possible that tha Lord also
loveth a cheerful loser.
A man' Idea of an Ideal wife 1 on who
thinks she has an ideal husband.
Liquor Improves with age. The longer
you keep It the better It Is for you. Fig
ure It out.
The minute a man accomplishes any
thing he Is called a crank by those' who
have (ailed. . '
Of courae every maa understand that
salvation Is free till ha stark up against
a ehureh fair.
The first acrateh on her neW furniture Is
apt ta convince the bride that marriage la
Tha fellow who tell a girl ba would lay
down his life for her often balka when ha
has to tell her father.
When a girl begins to call her fellow
by his first name It generally Indicate
that she haa deaigna on his last New Terk
$5, $7, $10
EASY PAYMENTS ON ALL SALES
DO YOU WANT TO BUY OR SELL
If so, you should advertise in a farm paper.
Here are a few facts worth considering:
, You Cannot Cover
the Richest Section of the West
IT has a larger list of prosperous fanners and stoctemn at $1.09
a year each than any other farm paper in its territory.
IT has by far a larger circulation in Nebraska than any otheo
' farm publication. ' j
IT has a larger circulation in Western Iowa than any other farm
paper. ' ,
IT has a larger circulation in Northern Missouri than any othes
farm paper. ,
IT has a larger circulation in Eastern Kanaas than any othes
IT has larger circulation in Oklahoma and Indian Territory than
any other farm paper published outside of the territory, ,
IT has a strong
circulation in South Dakota and
IT is the only farm paper with, a strong circulation with ranga
cattle men of Wyoming, Colorado, Idaho, Montana and Utah
IT is a clean paper in every department and only reliable adver
tisements are accepted. ;
CIRCULATION PROVEN DY POSTOFriCE
1 .,.:,ty--i Hint"! ' ---"'' a I f .
$5, $7, $9, $13
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