Omaha Daily Bee Newspaper, October 9, 1901, Page 6

| | | e —————eeeee———————— R R R THE ©OMAHA DAILY BEE e E. ROSEWATER, EDITOR Sy bl:|‘ltl.vril|v.l: gLy EVERY MORNING TERMS OF SUBSCRIPTION Datly Bee (without SBunday), One Year. $6.0 Daily Bee and Runduy, One Year .00 Liiustrated Bee, One Yeur w Bunday Hee, One Year Frove BOU Baturaay Beée, One Year 1w Twentieth Century Farmer, One Year.. 100 DELIVERED BY CARRI Batly e out Sunday, ally Hee, without Sinduy, Dally Hee, Inciuding Sunday, p Bunday Bee, per co " with avening I vening Bee, includ g Complaints of irregul should be addressed to ¢ artment = OFFICES, The Bee Building. ty Hall Bullding, Twea- Omaha: Bouth Omahn; C! ty-fth una M 8tr Souncil Bluff cago w York ashington CORRE Communicati 10 Pear] Stre: N w news and edi- Omaha relating t torfal matter should be addressed: Bee, Editorial D B Business et addressed. TF Omaha rtment s ghould be ‘orapany, 1 remitta Publishing REMITTANCES. Remit by draft, express or postal order, payable 1o Th Bee Publishing Com ny. Orily 2-cent stamps accepted in payment of mall accounts. Personal checks, except on Omaha or castern exchanges, not accepted THE BEE PUBLISHING' COMPANY STATEMENT OF CIRCULATION, Btate of Nebraska, Douglas County, 8.: George 1. Taschiick, secretary of The Bre Publishing Company, belng duly swora, says that the tual_number of full and omplete Dally, Morning Evening Bee printed durin the mont ptember, 1901, was a8 fo lows: 20,945 16 28 700 27,480 Worversesnns 20 060 27270 18 . 27,180 19.... 27,110 2., 41,100 L28,600 28,770 2,080 28,180 27 800 10 Less unsold and returned coples. ... Net total sales Net dally average govy GEO. B, TZSCHUCK Subscribed n_my presence and aworn to before me this 30th day of September, A. D, 19001 B, HUNGATE, Notary Publi The superintendency of the school buildings has always been a bone of contention in school boards and will always continue to be. J. Plerpont Morgan has not yet sprung his community of Interest idea on the Eplscopal convention, but It is liable to come at any minute, If the county commissioners have any franchises to give away they had better put them up at auction sale at the east front door of the county court house. No man who belleves In maintaining a high standard for the judiclary will ever regret having voted for 8. H. Sedg- wick for judge of the state supreme court. The 8hepard who heads the Tammany ticket in New York should have no difficulty in securing a crook—there are plenty of them belonging to the organl- zation. The yellow journal without a double- column sensational head, even when there is no sensation, would lose caste in the ranks of the admirers of the deep orange-tinted ourang-outang press. It is amazing that good business men will vote away the public money as members of the school board, while in their own private business they would not think of doing such a thing under like conditions. — bster Davis has been sued for the of a windmill which he is alleged to have purchased. The plaintiff will have some difficulty convincing the jury that Davis was ever in need of any wind apparatus, lowa dewmocrats are bringing In a large number of political spellbinders to take part in the campaign, The visi- tors will find lowa people good listeners, but irrevocably addicted to voting the republican ticke Another of the fine residences ou Nob Hill, 8an Francisco, has been donated to charitable purposes. 1If this thing keeps up the Golden Gate aristocracy will be compelled to move to the water front ln order to be exclusive, Douglas county democrats and Doug- las county populists are said to have gotten together again on a fusion propo- sition for their local ticket, This was to have been expected all along. Why not make fusion permanent and sail on the same boat under one tlag all the time? The question of tax reform is a ques- tion that will never be settled until it Is settled right. And it will never be settled right until the great corporations and wealthy property owners pay their taxes without evasion on the same basis as the Nttle shopkeeper and the small home owner. Washington real estate boomers in- sist that the present White House is not suited for the residence of the president and that another mansion should be built elsewhere. While the facts are In Qispute still there are plenty of men who would be willing to oceupy the old one for efght years and who could pos- slbly be persuaded to take a four years lease, The French re expenditure as an excuse, not the most cheering, commanding position has well burdens the political to collapse. great natural resources, but also in the .absence of conditions which lay such a neayy burdeq upon EuIvRe, \ THE COMING CONGRESS. The Fifty-seventh congress will meet and it is presumed that the committees of the new honse will he substantially the same as in the last house, This will simplify the work of organization business of the session more promptly than is usual at the beginning of a new CONgress, There are matters of great importance to be considered, The construction of an Isthmian eannl, the laying of a Pa cific cable, the encouragement of an Ameriean merchant marine, commercial relations with Cuba, trade reciprocit the tariff, further currency legislation, ¢ regulation of industrial combina tions and legislation regarding the new possesslons, are subjects of command ing interest to which the Fifty-seventh congress will give attention, There appears to be no there will be leglslation for the con- struction of an interoceanic canal as now Indieated, the new treaty which has been negotiated with Great Britain 18 likely to be acceptable to the senate and in that case there will be no delay In passing a canal bill. The imperative necessity of a Pacific cable Is so obvious that congress will hardly put off its authorization, either as a government enterprise or that of u private corpora tion prepared to make conditions favor- able to the government. The supporters of the shipping or subsidy bill are & ful of its passage, but a great deal will depend upon the attitude toward it of the administration, which as yet has not been defined. President Roosevelt is in favor of building up an American merchant marine for our foreign com merce, but It Is not known what his rws are regarding the subsidy plan, The question of trade relations with Cuba 18 not the least important of the subjects with which the coming « gress will have to deal and It will pr ably recelve more publle discussion than any otl slnce there is Involved in it not only the future welfare of the Cubnn people home industr No less important Is the question of trade reciprocity, in its ation to the problem of commercial expansion. The expressions of repub- lican eonvention in regard to this policy is reasonably expected to exert an in fluence conducive to a change of atti- tude toward it in congress. As to pro- posed tariff changes, while undoubtedly an effort will be made to reduce or re- enue shows a deficit of 137,000,000 francs, with no extraordinary With taxa- tlon almost at the limit the prospect is The strite for nigh rulned the great nations of Europe and unless rellef {8 found for the excessive cture Is likely The majority of the people in this country do not realize how for- tunate they are not only In possessing move certaln duties, it seems improb- able that anything will be accomplished, since the republican leaders in both branches of congress are opposed to making any changes. Further cur- rency legislation will be urged, having In view such reform In the banking system a8 will more nearly adapt it to the credit and currency needs of the people, and this may be gecured. There should be some legislation for the regu- lation of the trusts, so-called, while the new possessions will call for attention, The first session of the Fifty-seventh congress will, therefore, be a busy and an Interesting session, the results of which will have a decided influence upon the country's future, GROWING TRADE WITH CHINA. American trade with China fs in- creasing. The exports to that empire during last August were in excess of those of the same month fn 1900 and it is noted that during the first eight months of the current year the a very considerable Increase in the ship- ments of our cotton goods to China over the corresponding period of the preced- ing year. This is reasonably to bhe re garded as indleating a steady future growth of our trade with that empirve if the existing conditions, which glve the United States an equal opportunity in the Chinese market, are malntained. . This 1s a matter to which the present administration will need to give the most careful attention. It is pointed out that while Germany and France have gained something in China out of the late trouble, Japan and the Unfted States have gained nothing, while this country 1% in danger of being barred out of Manchuria, where its lnterests have hitherto beén greatest. “The fight for the open door,” says the New York Trib- une, “was a splendid one, well deserv- ing success, and this country has never yet assented to the abandonwent or violation of that principle. Yet the fact remalns that Russia is closing ov striv- ing to close against us the very door we have most desired to keep open.” While there has be no aggressive action re- cently on the part of Russia showing purpose to close this valuable market, still it I8 not to be doubted that she hopes to sooner or later accomplish this and s already planning to that end. Mauchuria is one of the most fertile re- glons on the globe and its productive- ness can be greatly Increased. Russia understands its value and having se- cured a firm foothold in that rich and promistug province, Russia will not only give up nothing that it has secured, but will spare no effort to galn mere, Japan put a check upon the evident Russian design to selze the whole of Manchuria, but that purpose, it may confidently be assumed, has not been abandoned. So far as the United States is concerned n proper regard for its own interests stmply requires that it shall insist upon the maintenance of the open door prin ciple and this it can do without neces- sarily becoming involved in any pos- sible complications that may arise among European powers iuterested in Chinese affairs, _ There s undoubtedly a great future teade for this country with China if the existing conditions are malntained, We should fn a few years export to the Orlent sevéral times the amount of cot ton goods we are now sending there, while China offers one of the greatest markets in the world for American four, which through the influence of our Department of State was retained on the free list. The cotton growers and manufacturers and the wheat pro ducers of the United States are there: and enable congress to enter upon the | | fit of this country if it shall have a fair doubt that | but also that of valuable | was | than seven | government to spare It I« not expected that | continued the present commerclal policy Decemb a little mor weeks hence, there will be any very important change | In China In the organization of the house from that of the last congress, It I, of conrse, a foregone conclusfon that Spenker Henderson will be reelected | ing fore interested tn having existing condi- tions preserved and will look to the no effort to have Under this policy we shall «able in the near future to export a other manufactured for there Is every rapid development %o amount of products to China, renson there, There 1& in our increasing trade with China the promise that the predictions which have been made regarding it will be realized, to the immeasurable bene- to’ expect and equal opportunity. —_— WHERE THE BLAME LIES. The lowest estimate of the valuation of real and personal property in the city of Omaha is $£100,000,000 and the most moderate estimate of the valuation for Douglas county is & DOO,000. The annual expenditures for city and school purposes in Omaba aggregate in the neighborhood of $1,500,000, while the amount of public money expended for county government will reach close to S500,000, Add to this the city and school district of South Omaha and we have an aggregate tax burden of more than $2.000,000 a year. Suppose a corporation were to be or- ganized with $125,000,000 of capital actually invested, with its business di- vided into five departments, spending each year more than $2,000,000, would the stockholders of such a corporation be 5o reckless as to select for their board of directors men who have little or no interest in the corporation, no business experience and no executive ability? Would they risk their credit and capital in the hunds of men whom they would not be willing to bire in ordinary cleri- [enl positions in their stores or ware- houses? Yet this Is preclsel done from year to year by the taxpay- ditizens of Omaha and Douglas county, who occupy the same relation to county, city and school district that men do who own stock in a great cor- poration. Worse than that evén, a large proportion of taxpaying stock- holders of this school district, city and county do not even attend the annual meetings where their directors and offi- cors are select Instead of attending the primary clections of thelr respeetive parties, In order to protect their mter- ests, they manifest a lamentable indif- ference and are heard from only with protests and complaints against mis- management and waste after the con- tract for their hired men has been rati- fied for another year or tw The blame for this state of affairs is invariably loaded onto the politicians and the machine, which is a convenient seapegoat for the sinsg of laggards, duty shirkers and tax evaders. Do figs grow on thistle What kind of mana went can we expect for the corporation %0 long as the stockholders exhibit no other concern In its welfare and nnan- cfal condition except to growl, complain and object? Why blame the politicians or the ma- chine for folsting Incompetents or mis- fits into the public service so long as the men of established reputation and proved capacity refuse to have anything to do with office? The sagacious politician and party leader aims above all things to put up a winning fight, he is always anxious to get the best ma- terial within reach for his ticket, and the best material under existing condi- tions are the nren who can corral the largest number of voters, The practical politician keeps in view all the time the fact that the vote of the millionaire weighs no more in the ballot box than the vote of the pauper. He knows that under existing conditions the great body of voters u bread winners and not coupon elpp Inasmuch as the great majority of the taxpayers do not take an active interest in nominations, the practical politicians arve restricted to a cholee that leaves the county, #chool district and munleipal corpora- tion in the hands of men who for the most part have never conducted any what has been extensive business or managed any large Interest. This deplorable state of affairs is bound to continue o long as the tax- paying class of voters keep aloof and shirk their full duty as citizens. T'he Russlan government has issued a prohibitive decree against Awmerieans mining gold In Sibegla. If Russia really wants to develop the mining industry in Niberla It has made a mistake, for Amerlean gold miners and methods are universally conceded to be the best In the world. It Is due to Awericans that the immense riches of the Trans- vaal have been uncovered. The ex- perience of this country has also dem- onstrated that the best plan to pursue with undeveloped resources is to throw open the doors and invite everyone who wishes to help to come in. This policy here has made the west and in the mak- ing foreigners have played a large and honorable part. Unless the school board has money to burn, the increase of the pay roll by $200 a year for the bhenefit of the super intendent of school buildings is utterly inexcusable, With a salary of $1,800 A year the superintendent of school buildings can well afford to hire a horse, it he needs one, or he can patronize the street cars withoug losing time and without diminishing the dignity of the ofhi British reports indieate that the new cannl treaty now belug preparved will recognize fully the American conten- tions emphasized by the action of the senate, If true, this is yielding con- siderable on the part of Great Britain, But it must be remembered that that conntry, with its immense shippihg in terests, is as much interested in having the cunal built as the United States it- self, South Omaha is noted for its habit of straining at goats and swallowing camels, T8 taxpayers are now trying 1o convinee one of the school board members that his resignation would be appreciated, in view of the fact that he is Interested in contracts for the con struction of school bulldivgs and side- THE OMAHA DAILY BEE: WEDNESDAY, OCTOBER 9, 1901, wanlks adjacent to school property, in violation of the statute. This is a mere technical triviality and we are aston ished that such a fuss should be made ahout it. [f the objectionable member had carried off one of the school houses or filled his back yard with school fur- niture, such a matter would probably have attracted but little attention. Prison authorities at Auburn are tak- ing a wise course in regard to Czolgosz. The manner fn which the assassin of Garfleld was permitted to make a spec tacle of himself was an encouragement to the class he represents, which secks netorlety above all else. If Czolgosz has an audience limited to the prison guards he will not indulge in much oratory. Hope's Lofty Perch. Loutsville Courfer-Journal. King Edward expects to visit his colonies when the Boer war is over. Perhaps King Edward expects to live as long as his mother did st to the Pines Murmur, Minneapolls Times The good old cider that hits like a green hickory club in the hands of the hired man Is goIng to be dear In the teetotal state of Maline this winter, There is less than halt a crop of applee. —_— The Way to Get It. Chicago Post. The manufacturers are preparing to talk reciprocity, which means that it doesn't matter a great deal what view the politi- clans may take om the question. If the manufacturers wish reciprocal trade they are likely to have it. Charncter as an Asset. Buffalo Express. The president’s action with reference to a United States district attorney for Kansas indicates that those who expect appoint- ments from him must furnish a certificate of character from the last place. Anti=Trust Laws. Minneapolls Times Arkansas, Texas and Nebraska have scored distinct and notable fallures in anti- trust legislation and their laws do not differ materfally from those of sister common- wealths on the same subject. When the great trade combines are made the serv- ants and not the masters of the people the feat will be accompligshed by the people through their national government, not hy the impossible enactments of state leg- islatures. Assurances of Markets Hartford Courant. We want positive assurance of forelgn markets—old and new—open to the products of Amerfcan =kill and toil on such fgvor- able conditions as shall make certain not only the continuance but the swift and splendid Increase of our already colossal export trade. To obtain this assurance s the object of the policy of reciprocity urged by Willlam McKinley almost with his dyving breath, and adopted so frankly and whole- heartedly by his successor. A Great Mixup. Baltimore Herald, The Schley investigation fs proving that the most talked of telegrams were never #ent; that the most sensational remarks era never made; that memories are unre- Hable and that the faculty of hearing was at times curlously deadened or quickened as the case might demand Moreover, it s significant that, since the actual inquiry has begun, the published views and opinions of many naval gfficers have varied greatly. e Reciprocity, Not Free Trade, Indlanapolls Journal. Those who talk of reciprocity as Iif it were free trade seem not to understand that they can have no relation. (Great Britrain, the only free trade country in the world, has no use for reciprocity treatles except for some of its colontes which have protective tariffts. President Harrlson nego- tiated reciprocal trade relations with France, Germany, Spain for Cuba, Brazil and other countries, but when the f trade democrats made a tariff bill for the house in 1804 these advantages were thrown away TRUST MANAGEMENT, Unpleasant Developments for Confid- Ing Investors, Chicago Tribu Holders of industrial securities have not found much to inspire confidence and re- spect in recent deevlopments in some of these corporations. There has been a suc- cesslon of unsatisfactory reports, indicat- ing that the exlistence of these “trusts’ is a weak polnt in the industrial situation until such time as dividends can be pald without creating a defieit. It Is mot fair to judge all the companies, however, by the conduct of a few. Just as some well managed and moderately capitilized rail- road corporations survived the periods of hard times without reorganization, so will a part of the industrial companies. But the record of the last few weeks has not been @ pleasant one. The annual statement of the Republic Iron and Bteel fompany, American Smelt- ing, Standard Rope and Twine and Ameri- can Linseed corporations were disappoint- ing to their shareholders, One or two of the companies paid dividends out of their surpluses. In the case of all of the con- cerns stockholders had to walt for pub- lication of the official statements at the end of the year for any information as to financlal results. It Is the common prac- tice of all railroads to publish weekly or at least monthly statements of their earnings. The gross and net profita are set forth once » month §o that holders of honds and stocks can tell pretty well what the road in doing. The complete reports issued at the conclugion of twelve months do not difter materially from these perlodical ones. Why should not Industrial corporations adopt the method of rallroads in this par- ticular? Are the men chosen to manage the companies entitled to know if the stock becomes worthless any more than the shareholders whose savings have gone into it? There {8 a crylng need for more pub- Heity. As it s now shareholders know it is paying dividends, but they do not know whether it is making or losing money. In several Instances Inside iInterests have reaped large profits by taking advantage of the losses of the companies they repre- sented to make a turn for themselves in the stock market. Such Incidents these justify stock- holders in their assertions that the man agement s not loyal. For some reason business men who were competent heads of their own plants have In some cases made fallures when intrusted with the affairs of consolidations. Perhaps it 1s because, have ing sold their own mills and recetved pay- ment In cash or in stock which they ma keted as soon as possible, they did not feel the same obligation resting upon them as when thelr personal fortunes were at stake, Industrial companies can make a success ouly when they are capitalized on a basiy that will enable them to meet bond interest and respectable dividend requirements. 1f plants are taken in for the principal motive of letting their owners out at the expense of a class of {nvestors greedy for the huge profits promised by promoters the corpora tions are in peril. Management that is faithful to the interests of all the share- holders, without favoritism, is what s jn"dod. There should be no more blind pool lavastine. Des The Omaha Bee, in a thoughtful takes notice of the speech Governor Shaw at Boone on the railroad | assessment question. The Bee, after aptly | saying that it Is regrettable to have “the discussion of such vital issues as the ques- tion of equitable assessment and taxation carried on under partisan auspices,” goes | on to speak of Governor Shaw as “indulg- | ing In sophistry that would rot hold water | before any impartial tribunal”" Governor | Shaw, as Is well known to all who have followed his attempted defense of the pres- ent lowa rallroad assessment, contends that a railroad should not be assessed at its market value, as that market value is cur- rently declared by the market wherein rail- roads and parts of railroads are sold Quoting one of the squirming sentences of the governor, The Bee says “In making such ertions Governor Shaw manifestly underates the intelligence of the average Iowan. If the purchaser of the railroad is not to be governed by the volume of its bonded debt. or the market price of its stocks, its ordinary trafic and its prospect for an increased trafic, what other element of value can he take into con sideration to arrive at any reasonable esti- mate of its purchase price? 'As a matter of fact, the equitable valua- tion of a raliroad for taxation purposes can be more readily ascertained than the value of any other class of property, with the exception of money and mortgages The value of a rallroad s the sum total of the marketable price of its lands and stocks." Is there anything getting away from the simple statement of The Bee? It an undivided half of a pleco of encumbered real estate sells, say, for $5000, even a child knows that the value of the entire property s $10,000, plus the encumbrance, Now a share of raflroad stock represents an undivided fractional Interest in the rail- article delivered by Moines Leader Is practically axiomatic to say that the railroad, on a given day is veritably worth the sum of the current value of fts stock, plus fts bonds. This simple doctrine was never better expressed than in an opinion of the supreme court of the United States penned by the late Justice Samuel P Miller, by many deemed the greatest intelligence that lowa ever gave to the nation. Touching upon the question of how the value of a railroad was to be as certained, Justice Miller, in the opinion, says “When you have ascertained the current cash value of the whole funded debt. and the current cash value of the entire num ber of shares of stock you have. by the action of those who above all others can best estimate it, ascertained the true value of the road; sll fts property, ita capital stock and its franchises; for these are all represented by the value of its bonded debt and of the shares of its capital stock.' The value of a railroad is not what equip. ment and right of way have cost, for such things may have either increased or de- creased in value; nor Is it what it wil cost to replace the same, for with lessening business a railroad may be worth less than replacement cost; the value of a rallroad cannot be ascertained by considering either original cost or replacement cost, or Rross earnings or net earnings, or any oue item of influence; its value comes from the in- teraction of all elements, and, as Justice Miller saye, in the sum of the value of stocks amd bonde, you have “by action of those who above all others can best estimate it the true value of the road. Governor Shaw has seen fit to Inject the railroad as- sessment question into the present can- vass. It is certainly worth his while to consider the argument, not of the *in- dependent” press, but of &0 respectable an authority as the supreme court of the land—a susreme court which, on other oc- investigation has been to shatter a raft of naval loge. Minneapolis Journal: It was charged that Schley “failed to locate” the Spanish fleet. Then what s the meaning of the large dent so proudly displayed by Admiral Cer- vera? Philadelphia Ledger: S0 far as the court has compared the newspaper account of the Santiago battle with the oficial records the balance of relfability appears to be vith the former Plitsburg Dispateh: Tt seems to be ghown that various gentlemen who bave posed as authorities about that antlago campaign had contracted the unfortunate habit of taking things for granted. Cleveland Plain Dealer: Whatever re- sult the Schley inquiry may bring forth the public has been given a sight behind the naval curtain and it is a privilege that very few will apareclate Brooklyn Eagle: Hodgson swears that Schley swore at Santiago. He holds that on the seas the expression “If you please," a particularly gentlemanly tone fmplants. It is hoped that swearing was the worst of it : Baltimore American: Under oath Ad- miral Evans says that his strongest » pression at the battle of Santiago “Where the devil?’ If this be true there is a marked difference between “Fighting Bob" in peace and in war. Washington Post: Judging by the man- ner in which Admiral Schley was kept in ignorance of certain matters prior to the battle of Santiago it would seem that the framcwork of the present contention was carefully erected considerably in advance. Indianapolis Journal: Lieutenant Hodg- son may be a man of deeds, but If that let- ter of his to Admiral Schley is any indica- tion he is also a man of words—many, many words. He should submit his manu- script to the blue pencil before giving it to the world. Detroit Free Press: Accept the worst of the conflicting testimony and honors are eary. Schley is credited with an explosive sentiment that the Texas be damned and “Fighting Hob" Evans with a heated an- | nouncement that the Texas might go to the devil. No theological acumen is required in deciding that the anathemas are synony- mous. recelved three patents for inventione of his, all haviog to do withi railway cars. Signor Marconi has just been presented with the gold medal of the Italian Science soclety. The presentation speech was made by the Marquis Lugi Solari di Loreto, an officer of the Itallan army. Count Otto von Moltke, a nephew of the great German soldier, has et sall for this country, where he will make an exhaustive | study of our system of transportation in the interests of the Prussian Diet, One of the greatest reforms in the history of Kentucky has just been instituted. The Confederate Veierans' association of that state has passed a resolution to recognize no military titles not won In war. The new governor of Porto Rico wae a classmate of the governor general of the Philippines. Judge Taft and Judge Hunt were friends throughout their course at Yale and graduated together in 1878, Senator Clark has purchased 5,000 acres of coal land in Wyoming. The senator has plenty of money, but In the face of these predictions of & serious winter he knows better than to leave himself in the hands of the eastern barons. John D. Rockefeller occaslonally uses the long-distance telephone when away from his New York office, but not for important busi- ness. For such purposes he never uses the malls. There s a private wire from the office to his mansion at Forest Hil, O, and the Standard Ol millionaire when at the latter polnt, transacts business just as though he were in New York. He never writed a message, but talks to a trusted and rellable operator. One way and another General Danlel E Sickles has drawn about $300,000 salary trom the government. As colonel of the Seventeenth New York volunteer infantry and the Forty-second regular infantry for seven years he recelved $3,600 a year, or $24,600. As major general, retired, for thirty-five years he has received $5,625 a year, aggregating $196875. As representa- tive in congress from New York for four years he received §5,000 & year, or $20,000, and as minister to Spain he elved $12,600 w year The oficial appralsement of the estate of Jacob 8. Rogers, the locomotive builder of Paterson, who left his milllons to the M ropolitan Museum of Art, has been filed at the surrogate’'s office in Paterson. It shows that he was worth a little more than $5,600,- 000. An lgteresting thing s the swall of the amouut of jewelry he possessed Double taxes will have to be pald on all the personal property. The state of New - sey will exact b per cent on the whole of this valuation. In addition about $500, 100 must be paid under the state laws providing that no stock may Le transferred from the name of a dead pcrson on the stock hook of @ corporation unless a tax is pald upon 1 - road, and the bonds of the railroad rep- casions, the governor ha® held up as a great resent Its mortgage or incumbrance. It repository of wisdom LOOPING THE LOOP, ON THE RETIRED LIST Chicago Tribune: One effect of the Schley Admiral Schley Reaches the was | Cornelius Vanderbilt has, sinco last July, | Legnl Limit of Active Duty. | Rear Admiral Winfield Scott Schley reaches the legal limit of active duty today and goes on the naval retired list by operation of law. October 9 is the sixty- second apniversary of his birth, but it is not likely to be observed by him as a holi day, as the exacting nature of his before the court of inquiry prevents him enjoylng the treedom from care which re- tirement usually brings. case Admiral Schley was born in Maryland and graduated at the naval academy when 21 years old. He served during the civil war on various vessels and was promoted lieutenant in 1362, While on the Wateree in the Pacific he assisted in quelling an insurrection of Chinese coolies on the Middlo Chinca islands in 1864 and pro tected American interests in San Salvador during a revolution. From 1866 to 1869 he | was an instructor at Annapolis and dur- | ing the three years following he was with the Aslatic squadron when the Corean forts were captured after soveral days’ fighting, in June, 1871, Schley was made commander in 1874 and ten years later he commanded the relief expedition which rescued Greely. He was commissioned chief of the bureau of equipment and re- crulting at the Navy department and was | made captain in March, 1388, commodore in | 1893 and rear admiral in 1899, Readers are familiar with his career in the civil war and in the war with Spain for the liberation of Cuba. How well he distinguished himself in both forms a bril- llant chapter of American naval history. No less admirable is his record in the service in times of peace. An incident of his career which {s seldom mentioned re- lates to his part in the Corean cxpedition and is recalled now to illustrate the djs- tinguishing characteristics of the admiral. The expedition was one sent to destroy the | forts which had fired on a surveying party and the ships which were taking United States Minister Low to Corea to negotiate a treaty with the Chinese authorities. The expedition was sent the last of May, 1871, | under command of Rear Admiral Rodgers. Surveying parties sent in small boats up the Sale river in Corea were fired upon and in consequence our naval force determined upon the destruction of the forts, after waiting ten days for|some explanation or apology for the acts of hostility. party of sailorsy and marines was landed and, after a dificult march over an almost impassable couhtry, the forts were assaulted aad captured)June 9 and 10. The officers and men engagfd In this attack dis- played perseverance, sthadiness and courage highly creditable to the country and the sorvice, Five forts were caplured and destroyed, fifty battle flags taken nnd 481 pleces of ar- tillery fell into our hands. Upward of 240 Coreans were killed and a few captured. Schley was an active participant in the operations. He came directly under the command of Commander L. A. Kimberly, who commanded the Benicla during the ex- pedition. Tn one part of his description of the a: ult on the citadel Commander Kim- berly, addressing the secretary of the navy in an offelal report, says Y “Tho citadel was captured, bu\ dearly so, as the gallant and brave McKee, #ge first to enter over the parapet, fell \mortally wounded with two wounds; he haw since dled, and the navy hae lost one of its brav- est and noblest sone. Lieutenant Comman- der Schley was the next officer In the fort, killlug the Corean who wounded McKee." In making his recommendation to the de- partment, Commander Kimberly sald of chley: “To Lieutenant Commander W. §. Schley belongs the credit of organizing the exph- dition and carrying out the several detafld, which went far to pravent confusion anpl induce suecess. His arrangement of th hoats, his superintendence of the variou labors on shore, in destroying the guns angl forts, encouraging the men and settini them a brave example, In being the second in the fort with its storming, and being in readiness at all times to render assistanc ’ where most needed, render praise unnec sary. The facts of his labors and actions, Judgment and system, speak for themselves 1 commend him to your notice.” In his own officlal report of the matter, leutenant Commander Schley said in part: ‘About 12:30 p. m. the charge was made through a deep ravine, full eighty feet deep, with 350 sailors and marines. The approach was clear of any covering, and the fire ot the enemy most terrific and severe, Noth. ing could withstand the men. The impetu- osity of the charge was met by brave men in the fort, who contested inch by Inch, and who fought hand to hand. The honor of galning the first foothold inside the fort fell to Lieutenant McKee, who was at once charged by the enemy. But a moment had elapsed until I gained the fnside and went to his d in his desperate fight with the enemy. In a moment he fell, mortally wounded by a musket ball iu the groin and « spear stab in the side. The same brave one who had speared McKee rushed upon me, but the spear passed between my left Taxable Value of Railroads A “DRIVE" AT BEET SUGAR. Alleged Purpose of the Cut in Price of the Refined Arttele. New York Mall and Express The American Sugar Refining company has Just resorted to an act which laye it open to the charke of abusing the power of “monopoly,” though it fs far from having an absolute monopaly In the sugar market It has reduced the price of granulated sugar from 5 to 3% cents a pound, to taka effect only In the districts supplied fn part by the beet sugar factories. In this it ia working In conjunction with the “Spreckels eyndicate,” which has heen credited for some time with the desigh of “‘crushing the beet sugar industry.’ According to recent reports this Industry has been showlng remarkable vigor for an “fnfant.”” Mr. Oxnard of the Reet Sugar assoclation was Jately quoted as saving ‘We have under way twenty-elght (new) factories and expect to bufld at least ten more this year.” In marketing their product the beet sugar makers have en tered nto contracts for the whole amount at prices ten points—that {8, one-tenth of a cent-—helow the selling price of the “trust" at the time of delivery, which puts them at the mercy of that powerful organization They cannot meet this 3g-cent rate without suffering severe loss, and they must meet it or violate their contracts A whila ago Mr. Havemeyer maintained I that granulated beet sugar could be pro duced for 21 cents a pound, but Mr. Oxnard says that {s “nonsense’ and quotes the “unbiased”" statement of the expert of the Agricultural department that it costs 4 cents, without making any statement of his own. The sugar refiners enjoy a protection that enables them to maintain a price one and one-teuth cents a pound above the cost of raw sugar, which ylelds a goot profit. This they do In the market at largs and It 18 hardly fair for them to make this ruthless cut to less than cost only where they come in competition with the “infant industry” which has made euch a promising start. It may not help thelr scheme for getting “free sugar’’ from Cuba when con gress meets GARF D STILLED THE TUMULT, Clreamatances Snrrounding the Origin hr Perhaps few persons who on September 19 repeated the words, “‘God reigns and the government at Washington still lives,” are famillar with the circumstances under which they were utte Mr. H. M. Dean, a venerable citizen of Niles, Mich., remem- bers the time and place distinctly. In the Detroit Free Press Mr, Dean says “The eloquent words of General A. Garfield, so often quoted by and in newspaper editorials last sad weeks have stirred of a Famo James speakers during the the hearts of many, while few of this generation know anything of the exciting occasion which called them forth. They were uttered | New York City on the morning of April 15, 1865, he tidings of the shooting of Presi- dent Lincoln, bulletined before the office of every promiuent newspaper in the city, had drawn together citizens of every grade and complexion until the streets weras massed with an excited, angry, tearful | throng, so that it was well nigh impossibla for a vehicle to pass. Men suspected of harboring disloyal sentiments were hustled by the crowd and forced to hide them- selves for safety, Gallows were carrfed through the streets with ropes dangling from the crossbeams and labeled ‘‘For traitors.’ Strong men trembled lest soma overt act or unguarded utterance should precipitate a riot. Particularly was this the case when the telegraph flashed the terrible words, ‘Mr. Lincoln is dead.” “At this moment, when the tense of ex- citement had increased to the extreme danger point, a stranger not yet 34 years ot age, but of commanding presence and a full and far-reaching volce, sprang upon a box standing near one of the bulleting in news- paper row, and, raising his arm to com- mand eilence, sald in a slow, measured volce: ‘Clouds and darkness are ‘round about him. Righteousness and judgment are the habitation of his throne. President Lincoln is dead, but God reigns and the government at Washington still lives.’ “As by magic all angry words ceased and the crowd melted away into silence and tears, “This man was James A. Garfield, who sixteen years later was struck down by the bullet of an assassin and was mourned by the whole nation as our second martyr." “And now, twenty years later, our hearts are breaking over the passing away of the dearly beloved President McKinley, mourned by the whole world as our third and, please God, our last martyr." CHEERY CHAFF, Cleveland Plain Dealer: “I have a su gestion to offer for use in the Schley in- auiry.” “Well, what 15 2" “Perhups the admiral wasn't willlng to put the coal on in order to get the Colon Philadelphin Press: “How dld you ko the f to my first act?” fnquired the playwright. “1 dldn't see It,"" replied the first-nighter, “Ah! Got there too late, eh?'" ““No; went awny ton soon.' Baltimore American: *“Did you hear that drinking song of mine in the lust act?’ asked the prima donna. I thought that was a drinking song, responded the low comedian, “because it was such a high bawl!” gomerville Journal: First Summer Girl 1f you could spend the winter just where you chose, where would you like to go? Becond Summer Girl-Ta tha Isle of Man, of course. Detroft Frea Press: “Mrs. Dash, what fs your elub doing to help beautify the clity 7' “Oh, we are working hard to get the clothing houses to tise the word ‘trousers’ instead of ‘pants’ in thelr advertisements.” Catholle Standard: Hicks—He says Chris- tlan Belence makes him tired. You should hear him gwear about jt Wicks—The {dea! Why should he hother #0 _much about {t? Hicks—He has to. Te's the coroner, you Know. Philadelphin Press: Tess—DIid you notice how that man stared at me? a—Yes, he's a reporter. Pess—Lut why should he stare at me s0? Jess—He was probably watching your He's supposed to keep his eye on rything that turns up. THE SPANKER BOOM. Josh Wink In Baltimore n' ‘hout this vachtin' how takes me back vhen | was a4 codger in the town of cKensack It 'minds me how us youngsters had to steer our course Just so, Amerlcan race, It some- Or else the storm of punishment would goon begin to bl An' pa was the perleectn’ hoat that sounde warnin' calls, 18ut _mother rigged her sp [ then look out for sque iker boom—an' Now, kids-vou take ‘em big or small— mostly Ike u vacht, re tricky In thefr movements, and ey'll never toe the seratch; A hand to steer-‘em, or the course thev'll never learn, An', lke a watch, the proper way to steer em's by the stern An' that's why pa's great moral pleas in | wreckage would often fall, Byt mother rigged her spanker hoom and \looked ot for a squall, T }).vm tender recollections ofthe days that's long gone by Wrn..u.lnp @ happy pieture to my intell chul eye Pleturd of the sladuess hosomA slipped Jach time my biggest brother was the one that into my arm and my body, and before he could withdraw it for a second trial he was ahnll dead and fell liteless' at wy feet, that mother whipped i, on this Jittle proverb all my recoll tion stalls When mother rigs her spanker boom, you' best look out for equalls, oid