Grand Rapids Herald-Review Newspaper, April 22, 1899, Page 2

— aeren ses oa The Hevaia-Review. Editor. GRAND RAPIDS - MINNESOTA. What is sauce for one may make a goose of another. BE. C. KILEY, Money talks, but unlike men it nev- er gives itself away. The antiquarian stores his mind with all kinds of forgotten things. Every time a man borrows trouble he pays the interest in worry. Love is a feeling that renders some people unfeeling after marriage. It’s better to be slow to anger than it is to be handy with a seven-shooter. His satanic majesty employes hyp- ocrites in all of his secret-service mis- sions. The man who boasts of his superjor brains is seldom able to furnish the proof. Aguinaldo is now looking for an- other town lot on which to set his capitol. It always makes a Kentuckian mad to call him a sponge. A sponge will take water. When marriage proves to be a misfit another suit can be ordered ‘in the di- court, vorce Admiral Kautz’ efforts to introduce American steel in Samoa is meeting with considerable success. Always look at your joys with a microscope, and at your sorrows witb the wrong end of an opera glass. An enterprising St. Louis man ex- pects to make a fortune in Cuba rais- ing umbrellas during the rainy season. It is well enough to say “Know thyself,” but if some people really did they ought to be ashamed of the ac- quaintance. The man who succeeds in perfecting a smokeless cigarette will benefit hu- manity more than all the cigarette smokers in creation. France’s new president is accused of being careless about his clothes. In the estimation of the average French- man this is a more serious fault than lack of ability as a statesman. A beautiful literature springs from the depth and fulness of intellectual and moral life, from an energy of thought and feeling, to which nothing as we believe, ministers so largely as enlightened religion. The Pennsylvania senatorial situa- tion is not one which public-spirited and decent Americans can contemplate with pride or satisfaction. The legis- lative investigation committee at Har- risburg has brought to the surface no little sensational evidence of attempt- ed bribery and corruption in Quay’s in- terest. Space forbids reference to all the facts elicited, but a few samples will suffice, There was a spirited debate in the house of representatives during one of the closing days of the session of the Fifty-fifth congress, over the pro- Pp 1 to erect in Washington a statue in honor of Samuel Hahnemann, the founder of homeopathy. The Ameri- can Institute of Homeopathy desired to present the statue, which would cost about seventy-five thousand dollars, and congress was asked to authorize its erection and to appropriate about four thousand dollars for its founda- tion. The request was objected to,and was rejected by a vote of seventy-three to sixty-two. Mr. Slayden, of Texas, introduced a little fun by saying he thought a man who had so reduced the size of doses of medicine was en- titled to a monument. “But he ought to have a small-sized monument,then,” was the facetious rejoinder. In political history time seems liter- ally to fly. On the fourth of March the term of office in which President McKinley is now serving was half over. A year from now the making of arrangements for the great national conventicns of the political parties will be in full activity. It seems as if the last presidential campaign was hardly over, and yet so soon the nation will embark upon another. Abraham Lin- coln, on becoming president, said, “It is seventy-two years since the first in- auguration of a president under our enational constitution.” The next in- auguration will be forty years distant from the day Lincoln uttered these words. And yet there never have been events more momentous in human his- tory than have transpired in the four decades since 1861. What of the suc- ceeding forty years, that will so soon vanish into the past? Who can tell ? thew There is nothing so delightful as the hearing or the speaking of truth, For this reason there is no conversation so agreeable as that of the man of integ- rity, who hears without any intention to betray, and speaks without any in- tention to deceive. Self-denial is an excellent guard of virtue, and it is safer and wiser to abate somewhat of our lawful enjoy- ments than to gratify our desires to the utmost extent of what is permitted, lest the bent of nature toward pleas- ure hurry us further. .| LAWTON Pus PUSHING ON, a SAN “ANTONIO occuPrED WITHOUT RESISTANCE, North Dakota Men Run Into a Nest of Rebels and Five Are Killed and Twe Wounded — Gunboat Shells the Hills, Making It Too Hot for the Enemy—Troops Enter Longas, Finding It Deserted, the Natives Having Fled to the Hills —Prisoners Released and Given Bundles of the Proclamation to Distribute. * Manila, April 16. — Gen. Lawton is marching north along the roads be- tween the hills and the lake with the gunboats Napidan and Laguna de Bay abreast of his troops. The enemy is retreating northward. On Wednesday the troops crossed the Paghanjan and concentrated at Lambun, at the mouth of the river. After leaving two companies of the Fourteenth regiment to guard the en- trance of the river the troops marched to Longas and found it deserted. Fur- niture, which had been dropped in the flight of the natives, was scattered along the trails leading into the hills. « Maj. Weisenberger’s sharpshooters were sent toward Pactos Ancontenca in the afternoon. They ran upon a nest of rebels in some thick bushes. Five men of the North Dakota regi- ment were killed and two were wound- ed, two of the former dying after hav- ing been brought to Longas church, where Father McKinnon administered the sacrament to them. The main body of the American troops while at dinner at Longas heard the firing and advanced to the support of the sharp- shooters. A scout from a hill saw the little fight and many of the rebels run- ning into the hill. The Laguna de y, at the beginning of the fight, elled the hills, making them too hot the enemy. The Americans entered San Antonio at sunset without meeting with resistance. Twenty unarmed prisoners, bearing copies of the United States Philippine commission procla- mation, which they had somehow se- cured, were afterward released and sent outside our lines with bundles of the proclamation to distribute. The Fourth cavalry is guarding Santa Cruz. Two companies of the Fourteenth regiment are at the mouth of the river; two are at Pasig and two at Lambun and one of the Fourteenth regiment and four of the North Dakota regiment are at San Antonio. The re- mainder of the troops are at Longas. Gen. Lawton is on board the Laguna de Bay, off San Antonio. The country just occupied is thickly settled and produces much fruit. McKenna, of the signal corps, is indefatigible. He ran a wire through the hostile country without having a guard with him. NORTH DAKOTANS AMBUSHED. Detachment of Eight Men Fired on, Only One Getting Away Unhurt. Manila, April 16. — Starting in an easterly direction slong the road te Pansanghan, a party of sixty sharp- shooters, under Lieut. Sothern, of the Washington regiment, came upon a@ trench across the road about a mile out of Santa Cruz. Lieut. Southern was wounded. The Americans then advanced with the mounted guns and the Fourteenth infant pattalion in the center; Lick’s battalion of the First Idaho infantry on the right, and Raine’s battalion of the First North Dakota on the left. The trench was carried without loss to the Americans. Pansanghan was found deserted. One Filipino was killed and five wounded in the encoun- ter beyond Toangas. There was an ambush. Eight men of the North Da- kota regiment, moving in single file through the woods received a volley from a clump of bushes not far away. Only one got off unhurt. He dragged a comrade with four bullets in his body io the main force and then led the main body of troops back to the scene of the ambush. ‘The Filipinos were easily driven off. The dead found north of Santa Cruz swell the number of the enemy killed on Monday to 150, includ- ing Paole Aguirro, one of the leaders, and twelve officers. As he lacks sufficient troops for gar- risoning, Gen. Lawton will withdraw from the towns entered. Not a house has been burned, the only confiscation being of pigs and chickens. It is hoped that this respect for property will con- vince the natives of the good inten- tions of the Americans. VERY DIZZY YARD. Soldicr Writes Home That Filipino Prisoners Are Buried Alive, ‘Terre Haute, Ind., April 16.—A sen- sation has been caused here by a let- ter from Private Charles W. Smith, of Battery K, Third United States ar- tillery, who writes to his parents in this city from Manila under date of March 7 “There were about fifteen Filipino prisoners digging graves a few days ago, and the Tennessee boys, who were guarding them, made them dig a big hole, then took all the prisoners and threw them into the hole, covering them up. When they came back they were asked by their commanding offi- cer where their prisoners were. They said they plnated every one of ‘them and that they would like to have about thirty more to do the same way with. There has not been anything said or done to the boys yet for it. “The Thirteenth Minnesota is doing provost guard duty over the city and they don’t do a thing but shoot every once in a while. Then they call a cart, throw the natives on to it, haul them off and throw them into a hole and cover them up.” Last of His Gang. Sienx Falls, S. D., April 16. — John McC: recently convicted at Omaha of counterfeiting and sentenced to five years’ imprisonment, has been lodged in the penitentiary here. He ts the last of a daring gang of counterfeiters, A Tramp's Hard Luek. Waseca, Minu,, April 16. — While sleeping in the railroad yards here on | the soft side of a pile of railroad ties, | a tramp was seriously injured by the pile suddenly collapsing and falling , upon him. Gee een ee ee eee ee Eee Rolla Show 48,000 Omcers and Men. ~ Havana, April 16—The Cuban army muster rolls, which have been deliv- ered to Gov. Gen. Brooke, through Senor Domingo Mendez Capote, are prepared in neat clerical style, the 1,200 broad sheets showing on their face 48,000 names—6,000 commissioned officers and 42,000 non-commissioned officers and privates. The whole state- ment is in orderly arrangement of corps, regiments, battalion and com- pany. The United States military au- thorities make no attempt to reconcile -the 42,000 non-commissioned officers and privates indicated by these rolls, with the 13,219 given in the estimates prepared under the direction of the provincial governors. As a matter of fact since the American figures were published it has developed that in some respects they are misleading. For instance, in the Province of Santiago, Gen. Wood reported that there were no Cubans in arms. At headquarters here this was taken to mean that there was no Cuban soldiers organized, but Gen. Wood meant that there were no Cuban soldiers in regular camp, the practice being for the Cuban soldiery to sepa- rate, going to their homes, coming to- gether fortnightly, with their-arms for review, dispersing again immediately. Consequently in the Province of San- tiago alone some thousands must be added to the American figures. More- over additional thousands must be eliminated from the Cuban lists, be- cause the men represented are now in official employ. Nevertheless there is a wide difference between the American estimates and the assembly's lists. If the lists vouched for tally more than 30,000 non-commissioned officers and privates the shares will probably be less than $100 each. Maj. Lee has rented a house of fifty rooms at Quemados, and there seems to be no doubt here that he will be appointed governor of the Province of Pinar del Rio and all of Havana prov- ince outside the city of Havana, com- bined in a single military department. The other departments will be the de- partment of Havana, under Maj. Gen. Ludlow; of Matanzas and Santa Clara, under Maj. Gen. Wilson, and of Santi- ago, under Maj. Gen. Wood. Puerto Principe and the military district at- tached will probably be under the command of Maj. Gen. Wilson. POWER OF COMMISSION. Will Deal With the Situation as it Finds it. Washington, April 16.—After hearing from the British and German embas- sies the state department was enabled to announce positively and finally that the three parties to the Berlin treaty. had agreed upon the instructions to be given their famoan commissioners, and that it was certain that the com- mission would leave San Francisco on the 25th inst. for Samoa on the Badger. The instructions of the commission- ers are identical, the three govern- ments having accepted a form which settles the differences which have ex- isted up to this point. The commission will be empowered to’ deal with the situation as it finds it in the Samoan islands upon its arrival. This applies te acts necessary to place the affairs of the islands in a peaceful and satis- factory condition for the time being, and whatever the commission does in this direction is understood to be of a temporary character and subject to the approval of the three powers. As to the merits of the bitter contro- versy between the representatives of the powers on the island which led up to the unfortunate outbreak of April 1. the commissioners are expected to make a thorough, impartial investiga- tion and report the results to their re- spective governments. he latter will, by ordinary diplomatic exchange ap- ply any corrections that seem to be necessary. ‘The commissioners will have no power to alter the treaty of Berlin. They may make recommenda- tions to that end, and where they are unanimous, it is probable that their recommendations will be accepted. THE MARKETS. Latest Quotations From Grain and Live Stock Centers. St. Paul, April 16. — Wheat — No. 1 Northern, 72 @ 731-2c; No. 2 North- ern, 69 @ 71c. Corn — No. 8 yellow, 313-4@32c; No. 3, 31 1-2@313-4c. Oats —No. 3 white, 28@28 1-2c; No. 3, 271-2 @28c. Barley and Rye—Sample bar- ley, 36@42c; No. 2 rye, 48@49c; No. 3 rye, 47@47 1-2c. Duluth, April 16. — Wheat — Cash, No. 1 hard, 731-8c; No. 1 Northern, 70 1-8c; No, 2 Northern, 66 5-8¢e; No, 3 spring, 681-8e; April, No. 1. hard, 73 1-8c; No. 1 Northern, 701-8c; May, No. 1 hard, 741-8c; No. 1 Northern, 711-8¢; July, No. 1 hard, 74 3-8¢c; No. 1 Northern, 72 3-8¢e. Oats, 27 1-4@27 3-4¢; rye, 531-2c; barley, 35@40c; flax, to arrive, $1.20; May, $1.211-2; corn, 313-4¢: May, 32 3-4e. Minneapolis, April 16. — Wheat — April closed at 70c; May opened at 69 3-4e and closed at 70c; July opened t T114ce. On 2c; No. 1 North- 5 No. 2 Northern, 69¢. Milwaukee, Wis., April 16.—Flour is firnter. Wheat firm: No. 1 Northern, 72@72 1-2c; No. 2 Northern, 7 ‘ Oats higher 30@30 1-2c. Rye high- er; No. 1, 56c. Barley firm; No. 2, 48 @A8 1-2c; sample, 47 1-2c. Chie: BO, ey 16. — Wheat — Ne. 3 No. 1 Norte spring, TO@71c; No. 2, 69@70 1-2¢; No. 3, 64@69e. Corn—No. 2, B34; . 3, 32c. Oats—No. 2, 2634@ 27c; No. 3. 26 1-2@26 3-4. Sioux City, Iowa, April 16.—Hogs— $3.50@3.70. Cattle—Beeves, $4@5.10, cows, bulls and mixed, $2@4; stockers and feeders, $3.50@4.40; calves and yearlings, $3.75@5.10. cago, April 16. — Hogs — Light, $3. 13.85; mixed, $3.60@3.85; heavy, $3.75@3.95; rough, $3.55@8.65. Cattle —Beeves, $4.10@5.65; cows and heifers, $2 @ 4.75; Texas steers, $4 @ 5.15; stockers and _ feeders, $3.50@4.79. Sheep — Natives, $3.50@5.10; lambs, $4.50@5.90. South #t. Paul, April 16. — Hogs — $3.57 1-2€3.75. Cattle—Stockers, $3.70 @A.60; heifers, $2.75 ae bulls, $3.25 @3.50; cows, $2. ; steers, $4 @ 4.50; calves, $55. fetes $41@5. “Yes; he writes for the papers.” “Does he get ’em?’—Cleveland Plain 3. , Dealer. EVERY jalcsbis ENJOYING A STEADY BOOM. Froo Silver Is Proving a Blessing to Our Friends Across the Rio Grand— Our Capitalists Not Afraid ‘of Their “Cheap Dollars.” The “protection” now enjoyed by Mexico is of a kind that, even the free- trader cannot logically or fairly ob- ject to. The free-trader opposes a pro- tective tariff because, as he claims (and justly in some cases) it unduly raises the prices of certain things for the benefit of certain classes or indi- viduals. But the silver standard in Mexico protects and builds up the in- dustries of the country without rais- ing the price. It operates in this way. When a Mexican importer buys goods in England he must pay for them in gold, and in order to get the gold he must “exchange his silver dol- lars for it at the rate of about $10 to the pound sterling, i. e., $2 of silver for $1 of gold. Compared with gold his silver has fallen one-half. The prices of the goods have also fallen, but not so much as the silver. The classes of goods which Mexico imports mostly (manufactures) have only fallen from 35 to 40 per cent while the silver has dropped 50. Hence in order to keep even, when the importer sells them in Mexican market for silver he must raise the price 20 to 30 per cent. Rath- er than pay these higher prices the Mexicans, or foreigners in Mexico, build factories and go to turning out the same class of goods, which can be sold for less than the price of the im- ported article. -The difference in ex- change, that is, the difference in value between gold and silver, produces a veritable paradox: The foreign article is kept out as a tariff wall, and at the same time the price is lowered. This operates to the benefit of all classes except a few importers. When Mex- ico exports her own products, the pro- cess is reversed. She sells them for gold at lower prices than formerly, but the prices have not fallen quite so much as the gold prices of her silver. So when she exchanges products for gold and then exchanges the gold for silver she has more of it than she for- merly received, and in Mexico, so far as native products are concerned, this silver is as good, dollar for dollar, as it ever was. Thus the gold premium oper- ates to diminish imports and increase exports with the inevitable result of building up and developing the inter- nal resources of the country. Every item of authentic news that comes from Mexico shows beyond all con- troversy the unexampled prosperity of that country. We advert to the mat- ter not because we believe that free coinage in this country would make our currency exclusively silver. As frequently stated, we have no doubt that the great area, financial strength and resources of the United States would be fully equal to the task of maintaining the two metals, at a par- ity. We are simply pointing out the absurdity of the oft repeated but nev- er verified claim that if our currency should become exclusively silver, we would be ruined. STILL IN THE DEPTHS. Our long-time friend Henry Watter- son continues to be in deep trouble with respect to the immediate future of the Democratic party. He was not worried in 1896, for he was then in the vineyards of sunny France, or gazimg upon the frowning Alpine peaks in Switzerland. He was happy and contented then, for he had gone abroad to escape the turmoil and con- fusion of a political campaign; but that happiness was most dearly bought, for since his return to his own, his native land, its sweeping shores, its shining strand, he has gone down, as it were into the very bowels of pro- found gloom, says the Atlanta Con- stitution. We referred to this matter a while ago, and administered such comfort and consolation as we hap- pened to have at hand. The effort was either not brought to Editor Wat- terson’s attention, or his state of mind was too serious to respord to it, for we find him still in a state of gloom dreadful to contemplate. It seems that Senator Jones, chairman of the na- tional Democratic committee, has ad- dressed a circular letter to the mem- bers of the New York delegation in the last national convention—the dele- gation, as our readers will remember, with few exceptions, seceded from the party when the platform was adopted. Chairman Jones says that in view of the fact that the Democratic party in New York in 1896 “did not give the Chicago platform unanimous support,” he is anxious to know what these del- egates think “is likely to be the atti- tude of the party in New York state on this question in the coming na- tional convention,” and to this he adds the statement: “My own impression is that the feel- ing is overwhelming in the party in the south and west in favor of a prac- tical reaffirmation of the Chicago plat- form.” Editor Watterson couples this circular letter with Mr. Bryan’s reply to Perry Belmont’s invitation, and succeeds in making a weighty addition to his load of troubles. “Why,” he asks, “should Chairman Jones raise any question about the Chicago plat- form if he were entirely sure that its application in 1900 will serve all the ends of a great party organization?” Well, while we are not able to per- ceive the practical wisdom of address- ing a circular letter to men whose re- sponses could be written out before- hand by Chairman Jones himself, why should Editor Watterson suppose that Chairman Jones or any other serious and sincere Democrat is “entirely sure” that the Chicago platform will . “serve all the ends of a great party JMEKICOS PROSPERITY. [2 is “entirely sure” that the, ‘Chicago 4 platform will have to be amplified and added to in 1900. On the other hand, he is “entirely sure” that none of the principles enunciated in that platform will be retired or obscured; the Demo- cratic masses will not permit it. The exigencies that drew out the declara- tions of that platform are still press- ing upon the people; the evils for which the platform prescribed a rem- edy still exist; and some of them have become so formidable as to threaten every legitimate business in.whicht in- dividual capital and energy find a profit. Now, we need not inform Ed- itor Wattersom.that the trust question involves the money question. No law can reach or restrain the trusts; they are more powerful than the law; and the statutes aimed at them lie dead. The only way to reach them or to render their baleful influ- ence impotent is to increase the avail- able supply of money, so that individ- ual enterprise and energy may be able to secure the sinews necessary to carry on their business. If that is nof the remedy, then there is none other, and Editor Watterson will find a new and more reasonable basis for his gloom. We do not for a moment believe that Caairman Jones, in his anxiety to dis- cover the attitude of the Democratic party of New York state, confined his circular letter to the recalcitrant del- egates who withdrew from the Chicago convention. Such a course. would be a direct insult to the strong and en- thusiastic following which the party had in New York in 1896. In the midst of his gloom, Editor Watterson gives us a bird’s-eye view of the disasters that have attended the Democratic party since the war; and it ‘surely is a sorrowful spectacle. We agree with Editor Watterson that these disasters were due to bad leadership, and any sensible Democrat can put his finger on the source and fountain of the trouble. It was the result of the surrender of Democratic delegates from the east who represented Repub- lican states. It was the result of dodg- ing and hedging and evading impor- tant issues, and it finally ended in a division of the party in the south. This division was, in the main, a good thing, for it aroused the Democratic masses and demonstrated to them the necessities of taking the affairs of their party out of the hands of false leaders in the east. And 1896 was the year of the revolution. If any political platform was ever made by the direct voice of the people, it was that plat- form. If any candidate was ever chosen by the Democratic masses, Mr. Bryan is that candidate. Not for forty years had the party issued so complete a declaration of Democratic principles. Editor Watterson, however, seems to have an idea that the Democratic masses had no hand in the affair. Where he could have picked up such a notion it is impossible to conceive. There were very few Democratic county conventions or mass-meetings in 1896 preliminary to the Chicago convention that did not announce and demand the most vital declarations to be found in the platform. And this was done in the face of the tremendous influence of the Cleveland administration, and in spite of the fact that many of the most influential leaders of the party “looked the\other way” and tried to stem the tide. Why should Mr. Watterson sup- pose that the Chicago platform as it is will be reaffirmed and the whole matter left there? There will be a new draft of that document, and while the principles will be left intact, the old declarations will be amplified to fit existing conditions, and new ones added to meet the exigencies. But even this statement will not lift the gloom in which Edditor Watterson gropes. He wants us to go back to the Democ- racy of Tilden; but the truth is we have a better brand—the Democracy of Jefferson and Jackson. Embalmed Beef Scandal. The army beef court of inquiry has made some discoveries which indicate that it is not Gen. Miles, nor sensa- tional newspapers, nor jealous foreign- ers that some of the packers of this country need fear as injurious to their trade, but their own dishonest and ab- solutely criminal methods. How one Kansas City house can escape condign punishment, if justice be done, does not yet appear. It was shown by com- petent testimony that the Armour Packing company had furnished the army a lot of rotten canned beef, sev- eral carloads of which were condemned at Jacksonville and Mobile and re- turned to the company at Kansas City. It was shown that as to much of this condemned beef new labels were pasted on the cans containing it and these were placed in the general stock, The manager testified that a large part of it was shipped to a foreign government, and explained its reappearance in the United States army by saying | that some of the cans likely found their way back to the United States and were probably accepted by na govern- ment! The Armour Pac 2 pany contributed very liberally nh Mark Hanna’s national honor swindle in 1896. Strictly a Republican Trait. From the Utica Observer: President McKinley is taking a mid-winter vaca- tion in the sunny south. “We are glad to say that we have not observed in a single newspaper any criticism such as used to be hurled at Cleveland when- ever that gentleman would leave Washington for a rest. The distine- tion of president-baiting belongs ex- clusively to the jaundiced Republican press. ¢ The Chicago Tribune and the rest of the Gold Bugs have much to say about 50-cent dollars—just as though there was such a thing—and that they are mighty dangerous. The Tribune mat will write a flaming editorial about 50- cent dollars, and go right out and push one of them on the unsuspecting lunch- counter man for 100 cents. Neither he nor his allies ever saw a 50-cent dollar. Cannot these men be made to under~ stand that the value of the material a dollar is mad¢ of is one thing, and its value as money—as a dollar, after the government has monetized it and made it a dollar—is another thing? A gold dollar, a silver dollar and a paper dollar all have the same purchasing power, and each passes as a dollar. The material they are made of varies widely in value, but the value of the material a dollar is made of does not determine its value as money. It is the fact that it is one of our units of account—is a dollar—that gives it its value as money. Standing by itself, the government’s making a dollar, and making it legal tender, confers no value on such dollars, nor does it attempt to. It simply makes it money—a dollar—and legal tender. But the moment it becomes a dollar there is an instant and overwhelming demand for it on the part of our sev- enty-one millions of people to transact their business—they are all toiling to get those dollars. * It is this terrifie and constant de- mand for money that gives such dol- lars all their value as money, and not the value of the material they are made of. Give us a rest from this 50-cent dollar nonsense! The amount of value in our dollars is shown in the general range of prices of commodities—wheat, cotton, etc.—and ig determined by the quantity of money in circulation among the people, as compared with popula- tion and business. As Ricardo, the great gold standard authority, says: “The value of money in any country is determined by the amount existing.” That commodities would rise or fall in price, in proportion to the increase or diminution of money, I assume as @ fact that is incontrovertible.” GEORGE PRENTISS. An Inside View. Some time ago one of the directors of the glucose trust, which belongs to the family of “industrials,” gave to a reporter an idea of the methods em- ployed by his concern. He said: “There is not at this time a bushel of corn being ground by any concern except those of our company. We or- ganized, taking in five plants, only one of which was profitable. We are now operating them at a profit, We are operating on the policy that the ab- solute, bed rock basis for the success- ful conduct of an industrial company such as ours is to be able to sell its product at a price which, while render- ing a profit, is still unprofitable to competitors. We are doing just that thing. We are in business for a long pull, On a ten-year run we might have raised prices, made $5,000,000 the first year, $2,500,000 the next, $1,000,- 000 the next, and down to nothing at the end of ten years. It is better to be moderate and earn $2,000,000 a year for ten years, which would be $20,000,000 in profits against a loss of $10,000,000 the other way. We did for a short time make the mistake in the beginning of putting the price too high, but it did not last long. We have abolished the rebate system and are doing a straight, clean business on the merits of our product and price, and, best of all, we have on this basis cleaned up all competitors.” “Best of all, we have on this basis cleaned up all competitors!” This re- sult, therefore, is better than profits, better than any other kind of success, this cleaning up of competitors. That is to say, it is the end and aim of trusts to destroy the business of indi- viduals with small capital, put them into the hands of receivers, close their doors, and leave their employes out of work.—Atlanta Constitution. = Low Prices for Farms. Farms at forced sales in the coun- try around Philadelphia appear to be bringing very low prices. In Honey- brook, Chester county, an assignee has sold a farm of 126 acres for $30 per acre, and another in the same town- ship, size not stated, for $29 per acre. The Townsend Walter farm, near West Chester, 185 acres, a very fine estate, was offered at public sale by the as- signees, October 19, but only $70.75 an acre offered, and it was withdrawn, The Doylestown Intelligencer reports the recent sale of two farms in Sole- bury township—one of the richest sec- tions of Bucks county—at $20 and $15 per acre, respectively. It suggests that the assessors’ valuation for tax pur- poses will have to be lowered.—Phil- adelphia Manufacturer. Here is another splendid opening for some gold standard orator. He can take the above item for a text, and a la Atkinson and Aldredge, he can paint a golden picture of the beau- ties of low prices. They can no doubt entirely remove the sting and discom- fort of a “forced sale,” by showing how advantageous it was to the pur- chaser to be able to buy it cheap. When a farmer has toiled for years im- proving and’ beautifying a farm and then is forced to sell it for 30, or 50 per cent less than he gave for it, the accruing benefits should be made the subject of a glowing eulogy by somebody. It is, however, beyond the scope of our genius, and the whole matter is therefore referred to the humorous financier of the “Lone Star State,” Judge Aldredge. Conscience enables people sorry when they’re found out. to feet