Omaha Daily Bee Newspaper, September 16, 1902, Page 6

6 THE OMAHA DAILY BEE: TUESDAY, SEPTEMBER 16, 1902. ‘THE Uw.m DAILY BEE E. ROSEWATER, EDITOR. PUBLISHED EVERY MORNING. TERMS OF SUBSCRIPTIO ily Bee (without Bunday), o Ye aliy bee ano Sunday, Une Ye Jliustrated see, Une Yeas gun iay isee, Une Year T jaluray ee, Une X ea . wentieth Uentury Farmer, One Year.. DELIVERED BY CARRIER. ally Bee (without 8unday), per copy.... 3¢ aily Bee (without Bunday), per week...lc Daily Bee (nciuding Sunaay), per week..lic Bunaay Bee, per copy c Evening Beé (without Sunday ), Eyening * Hee (ncluding Sunday), week i Complaints of 'irregularities in should be addressed to City Circulation De- rument. 73 OFFICES. Omaha—The Bee Building. South Omaha_Csy Hail Bullding, Twen- ty-fith and M Str Couneil Blufta 1o Pearl Strest. Chicago—164 Unity Builaing New York— Park Row Bullding. Washington—l Fourteenth Street. CORRESPONDENC Communications relating to news and edi- torlal matter should be addressed: Omaha Bee, Eaitorial Department. BUSINESS LETTERS. Business letters and remittances should be addressed: The Bee Publishing Coin- pany, Umaha. REMITTANCES. Remit by draft, express or postal order, yable 5 The Bee Publishing Company. 2-cent stamps I(‘(‘(‘Pl‘d in payment of accounts. checks. except on aha or eastern exchanges, not aceepted. HE BEE PUBLISHING' COMPANY. STATEMENT OF CIRCULATION. of Nabraska, Douglas County, ss Eeorgs B h Possureta tary of The Bee Sabing being duly sworn, Bays that the actuat number ‘of full and complete coples of The Dally, Morning, Evening and Sunday Bee printed during ths month of August, 192, was as follows: PEBENREREBRESERNS returned copl Net total sales. Net dally average. GE! Bubscribed In my presence before me this 1st day of szh-mber, A. D. X M. B. HUNGATE, (Beal.) Notary Publio. If Horace Boles wants to race with Tom Johnson, he will have to buy an automobile, E—— Omaha's musical festival winds up this week, but the music-making will not stop there. In the light of recent developments 1t's no wonder that St. Louis wanted to have the falr postponed. The Louisville authorities have evi- dently concluded that Colonel Watter- son Is the only fighter needed in that town. Between the strikers at the Union Pacific machine shops and the Mercer strikers, Baldwin the Great has his hands full. A question puzzling local sports is, Is the base ball enthusiasm worked up during the summer convertible into foot ball fever for the fall? His Jdesire to avold “the enemy's country” s causing Colonel Bryan to use up a good deal of mileage In his pregent tour. ————— Senator Hanna will try a speclal car against Tom Johnson's circus tent, and he expects to beat the latter In number of exhibitions. In his Ohio speech Colonel Willlam Jennings Bryan came out flat-footed for municipal home rule. Bryan knows the temper of the people on this subject. ‘We may be sure of one thing from the anniversary services on the late Presl- dent McKinley's death, and that is that the memory of William McKinley is not to grow cold. The Salt Lake Board of Education has issued an order barring married women from the teachlng force in the public schools. Omaha's Board of Education bas issued the same kind of an order several times, but the married women are still teaching. For the purposes of the republican primary Ransom has evidently turned over to Gurley all of their joint criminal law practice. When it comes to elec- tion, however, Gurley is likely to tell his clients to do as Ransom says, and Ransom says he s a democra If the denizens of literary old Concord turn up their noses at the mere thought of a mammoth hog packing plant in the neighborhood of the homes of Alcott, Hawthorne, Thoreau and Emerson, that is pothing to what they may have to do after the plant Is in operation. e It s anticipated that President Roose- velt's speeches in lowa may have special relation to the tariff. His first stop b the state will be at Stoux City, where he will appear with Governor Cummins, the special champlon of the no-shelter-for-trusts plank of the Iowa platform, —— It is reported from Lincoln that Gov- ernor SBavage has been touched for a $500 diamona stud. Pickpockets must bave been reading about the gold bricks that have been worked off on the gov- ernor and come to the conclusion that such an easy mark was uot to be passed up. e Republicans must not forget that after their candidates are put up they have to be elected, and success at the elec- tion will depend largely on the charac- ter of the candidates. It will not do to rely on the weakness of the opposition nor to trust to luck in this year 1902 simply because Douglas county normally goes republican. NO SERIOUS MONEY CRISIS. The preparations made by Secretary Shaw for an additional supply of cur- rency, and the tenor of his statements in announcing them, indlcate very clearly that he does not belleve a grave crigis has been or 1s likely to be reached. Iv He expressly says he sees in present conditions, no speclal occasion for alarm. His response to the appeal of eastern banks for treasury help, while it is be- lieved to provide sufficiently for any real need, embodies some novelties of method which will hardly be relished in | those quarters so much as in the country at large. An eastern cry for treasury assistance is raised almost annually, for at this season there are always heavy drafts upon New York and the east for cur- rency for the crop movement, which, because hardly ever fully provided for in advance, are sure to have a disturb- ing effect. It is an old trick of the banks to spread alarmist reports and to try to persuade the treasury to swell bank deposits or to buy bonds at an exorbitant bonus. It has more than once happened under such circumstances that eastern banks, holding treasury funds on indefinite deposit, and at the same time large amounts of free bonds which they might pledge with the treas- ury for circulation, have actually forced the secretary into the open market to buy bonds with the undeposited sur- plus, an expensive and losing game at both ends, which Secretary Shaw does not propose to play. For such need as may exist antici- pating October interest two weeks on national bonds has been authorized by the secretary as a partial remedy. This is not unusual, but his other proposition directly throws an important responsi bility upon the banks themselves. Of the $445,000,000 of 2 per cent bonds, $185,000,000 remain unpledged for na- tional bank circulation. As these bonds are largely in the hands of the banks, they are available for immediate expan- slon of money volume on the secretary's plan. He has had bank notes printed in advance, so that orders can be in- stantly filled, and on deposit of these bonds the currency will be issued to their full value. Not only so, but a list of banks known to have such bonds has been compiled, and there is in the sec- retary's statement and plan the broad suggestion that, if necessary, he would withdraw deposits from such banks for purchase of bonds. But any bank hav- ing free bonds or able to secure the use of them, can be promptly accommodated with increased circulation. General conditions do not foreshadow an acute monetary reaction throughout the country. It does not even appear that the drafts upon the east on account of crops are of unusual magnitude. The reports all show the western banks to be in strong position. Even in New York where pressure upon currency sup- plies 18 most severe, the ordinary danger signals are wanting. Commercial rates of interest are not severe, A genuine money famine is invariably followed by a pronounced downward movement in the stock market, but nothwithstanding the enormous advances in the great body of stocks the last six or eight months the week just closed has wit- nessed a material further advance in the market. The arrangements made by Secretary Shaw may be reasonably expected to afford all the Increase of circulation necessary to relieve any temporary ex- igency. It s to be remembered, too, that the dominant financlers and cap- tains of industry are in a position in which they are interested in forestalling rather than in precipitating a serious money crisis. Back of this is the fact that the natlonal treasury, by reason of the autumn importations, is daily piling up an increasing surplus. The mere precautionary action of the treasury fis a strong moral influence. BY MAIN FORCE. David H. Mercer’s supreme effort now is to folst his renomination by main force upon the republicans of this dis- trict. He knows that if allowed a free and untrammeled choice his constituents will express their opposition to a non- resident candidate for congress and in- sist upon a successor who lives in Omaha and whose interests are identi- fled with them. Although his cham- plon, Willlam F. Gurley, has proclaimed that the people of Omaha need Mr. Mer- cer more than Mercer needs them, he is enlisting all the great corporations at home and abroad that have interests in this district to force those dependent upon their favor into line for a man they do mot want. The coalition of the Unlon Pacific, Burlington and Elkhorn rallroads to help Mr. Mercer retain his seat in con- gress, where he has proved such useful trading material for the corporations, is notorious and undisgulsed. The over- turning of the Omaha police board and the naming of a new commission at the dictation of John N. Baldwin of Iowa and David H. Mercer of the District of Columbia was brought about for Mr. Mercer's benefit by the pressure of these | Mr. Mercer bas | railroad corporations. also secured from the eastern heads of other railroads which enter this city orders commanding thelr agents here to assist In his campalgning. Omaha the stock yards company and the great meat packing corperations are equally active in their efforts to brow- beat their men into the support of the corporation candidate, and word has been passed along to the bosses to use every means to have the men vote the Mercer ticket at the coming primaries. The order received by the local man- ager of a foreign brewery, with head- quarters at St. Louis, not only to sup- port Mercer, but to spend money in his behalf, shows how desperate Mr. Mercer has become. He has brought this in- fluence to bear, no doubt, through as- soclates on his committee at Washing- ton, whom he has favored in the dis- tribution of public bullding appropria- t ‘he question is whether the rank and of republicans can be clubbed into In South | line by such tactics. 1Is not the fact that these great corporations and foreign interests are going to such lengths to force Mercer's renomination convincing proof that he is not the man we want to represent this district at Washington? If the corporations are under obliga tions to Mercer, why should they not pay their own debts, rather than to try to unload them forcibly upon us? Will the republicans of this district hold up their hands while Mercer and his cor- porate allies perform the political high- wayman's act? NO SETTLEMENT IN SIGHT. Public interest in the anthracite coal sltuation intensifies as cold weather ap- proaches and the price of coal advances. The latest announcement is that there is no prospect of a settlement. All ef- forts thus far to settle the contest have come to naught and both sides appear to be as obdurate and determined as at any time since the struggle begun. The operators will listen to no overture They will consent to nothing but a re- turn to work of the miners on the old basis, The mine leaders, on the other hand, will not entertain such a proposi- tion and profess confidence that they will yet win. Neither side is giving any consideration to the interests, to say nothing of the rights, of the public. The probability appears to be that the operators will ultimately win and the Philadelphia Ledger, which has been fair and impartial in its discussion of the contest, admonishes President Mitehell that it is now time, before de- feat becomes a rout, to consider not alone the interests of his union, but the needs of the public. It expresses the opinion that the operators, chastened by falling dividends and an outpouring of public sentiment, are not unwilling to mine coal and are probably disposed to open the way for resumption by affor ing terms to the miners on which they would gladly go to work. It declares that the time for obstinacy is past. The counsel Is good, buf}it is to be ap- prehended that it will not be heeded. Meanwhile the public looks helplessly on and the consumers of anthracite are seriously considering what they shall do the coming winter to keep warm. THE COLORADO SITUATION. The fusionists have had six years of continuous power in Colorado, control- ling every department of the state gov- ernment. In that state, as elsewhere, they came into powers on prodigious promises of what they would do, but they have been stronger in promise than in performance, They promised in their platform immedi- ate enactment of an eight-hour law for those who work in mines and smelters, a revenue bill that would equalize the burdens of taxation, taxation of cor- porate franchises, municipal ownership of light and water plants and an honest and effective primary election law, All of these promises have been broken. Not a single one of the planks of this alluring platform has been carried out, notwithstanding the opportunity has been as complete as the duty was obyi- ous. Waning majorities and the dying out of the silver craze have brought the democrats, who are the legatees of fusionism in Colorado, face to face with the serious peril of losing the state, and they are now repeating their old promis- sory tactics. The republicans last year forced the issue by demanding a con- stitutional amendment to cover the elght-hour question and demanding ab- solute home rule for Denver. They are going straight forward on the same line this year. The democrats and the populists have split. With a record of unexampled extravagance in the con- duct of the state government, in addi- tion to violated pledges of reform, the now broken combination is in fair plight to be defeated if the republicans can pull themselves together and avoid factionalism. This marks an immense change from a few years ago, when the state secmed hopelessly given over to the silver Infatuation. T THE HOME MARKET. Intelligent farmers know the value of the home market. They also under- stand how that market has been bullt up and maintained. Therefore it is not probable that they will support a policy which would operate to the detri- ment of the home market by injuring the manufacturing Industries of the country. An Oregon agricultural paper, in con- trasting the conditivn of the farmers of that state with those of the state of Washington, as shown in the census bulletins on agriculture, presents an in- teresting object lesson as to the value of manufacturing industries to the farm- ers. ©Oregon has less population than Washington and more farms. Wash- ington does a great deal more manu- facturing than Oregon and In all farm products consumed at home the differ- ence in favor of the Washington farmer is very marked. The Seattle Post- Intelligencer says: “Taking up the cen- sus figures on manufacturing it appears that in the state of Washington there are engaged in manufacturing, as own- ers, proprietors, salaried clerks aud wage earners, 40,154 people, as com- pared with 22,115 for Oregon—a differ- ence in favor of Washington of upwards of 18,000. On the basis of one wage earner for a fawily of five, this would give 90,000 more people whose support comes from manufacturing in this state than in Oregon.” It adds that this large excess in manufacturing popula tion, with the home market afforded, is worth in net income not less than $30 a year to the average Wash- ington farmi and concludes: “It Is not and it cannot successfully be denled that th manufacturing in- terests of the United States have been built up by the protective tariff, Wherever the population en- gaged in manyfacturing is largest, the bhome market for farm products is best The protective tariff thus benefits the farmers to the full extent that it does any othér class in the community, The prosperity of farmers is intimately al- | soon as the democratic policy went into lled with the prosperity of the manu- facturers.” There are many individual manufac- turers in Nebraska and Jowa who em- ploy thousands of people. They bave been enabled by the protective tariff to establish and maintain their enterprises and pay good wages to their employes. The farmers of these states have de- rived great benefit therefrom. T!a democratic pollcy Is to remove the pro- tection under which these industries have been built up and to open the American market to the free admission of forelgn manufactures. How long oould the industries in these states survive such a policy? How long would they continue to give employment to the number of people they now do? As effect there would be a repetition of the experience of a few years ago. Man- ufacturers would reduce the labor em- ployed and curtail output. In a brief time there would be an army of idle people and wages would fall. Con- sumption of all products would nec sarily decrease and prices would decline. The farmer would have much of his produce left on his hands, whereas now there s an actlve demand for it at profitable prices. The American farmer Is most unwise who will vote to impair his home mar- ket, yet that would be the inevitable result of democratic tariff policy, as experience has shown. In an important decision the supreme court of Rhode Island sweepingly sus- tains a law passed by the last legisla- ture limiting the hours of Inbor.on street car lines, regardless whether the em- | ployes of the street rallway companies are willing to work a greater number of hours or whether they and the com- pany agree and contract to do so. The court holds that the intent of the statute is to guard the public safety from serv- ice too prolonged for alertness in the exercise of reasonable care, and says: “This being so, the public safety cannot be made dependent upon private con- tracts.” In other words, the court in- terferes with “the laws of nature” in- voked by the corporations. But it uses good sense, just the same. The democrats of the Fifth Iowa dis- trict begin their resolutions with the words, “We, the democrats of the Fifth district.” The convention was com- posed of just eight men. All of them urged each delegate present in turn to accept the congressional nomination and all irrevocably declined. Finally they nominated an absent brother, who, the moment he heard of it, telephoned his refusal. The “convention” had by that time adjourned. Our nonresident congressman may pre- vail on all the bank presidents in town to go on his primary delegations, but it must be remembered that the vote of the richest bank president weighs no more in the ballot box than the vote of the poorest day laborer. [ N — As soon as ex-Governor Boles gets fairly started in his contest with Speaker Henderson; we shall know the platform on which he will make his race for the democtatic presidential nomination. Significant Resemblance. Chicago Tribune. Again, the trusts may be like the Mis- sissippi river, because there is a great gult ahead of them. \Tendency to Butt In. Indianapolis News. It ‘s hard to separate the sheep from the goat trusts, as all of them are disposed to butt in whenever and wherever they can. y Port b Storm. Cleveland Leader. The big meat trust is to have a rival. It that results in a reduction in the price of meat the people will have reason to re- Jolce. But the big crop of corn and the bountiful fall pastures will lower the price, Baltimore American. If the plutocratic kings of the coal re- glons will remove the iron heel from the neck of the consumer long enough for him to get his breath they may hear him suggest that he will be glad to pay that little 10 cents extra on the ton for which the miners ask. Does This Settle It? Springfleld (Mass.) Republican (ind.). Thirteen democratic state conventions thus far this year have refused to reafirm the Kansas City platform, while fourteen have reafirmed it. But these figures amount to very little. The next democratic national convention will get our a mew platform that will not indorse “16 to 1,” and that is the main point. Poor Year for Profits. Kansas City Star. The profits of one of the firms which is to be included in the packing house trust were only $8,000,000 last year. But ft will be remembered that cattle and hog were scarce, and that the sales of meat were considerably abridged by reason of the high prices which the packers were forced to ask for their product; Who Owns the Courtt Chicago Chronicle., Sepator Clark declares that Mr. Helnze must not be allowed to own the supreme court of Montana. Mr. Helnze is equally firm in his demand that Senator Clark shall not own the supreme court of Monta In this situation there seems to be some reason to look for a surprising and unpre: cedented condition of affairs in which no- body shall own the supreme court of Mon- tana. Dupes Come in for & Divvy. Brooklyn Eagle. It is quite remarkable, as well as for- tunate that the dupes of the Franklin syndicate have been able to recover the $140,000 of their money which Miller turned over to his lawyer and Seymour, Johnson & Co. The evidence brought out in the liti- gation shows that nmeither Millgr nor the people who recelved the money had the faintest intention that it should ever reach those from whom it came. It was no doubt regarded s & nDest egg put by for Miller after the law had got through with that remarkable swindler. The thorough venti- lation which this Franklin syndicate and assoclated get-rich-quick schemes have re- celved in the imprisonment of Miller and the subsequent court proceedings in pur- suit of his 1ll-gotten booty ought to protect people of this region from similar swindles for some time to come. THE CONGRESSIONAL CAMPAIGN. Columbus Edict: One of the most popu- 1ar buttons of late s the McCarthy button You can see them everywhere. There is only one genuine, all the “others’ are imi- tations. Bloomington Advoeate: Judge Norris, who is the republican candidate for con- gress In this district, is winning friends wherever he goes. He I8 not only a tip top fellow, but he is an orator able to hold his own with any of the debators in the land North Platte Tribune: Judge Kinkaid the republican nominee for congress, is now actively in the field, and everywhere finds conditions very favorable. In fact the conditions are such that there is scarcely any question but that the judge will be elected. St. Paul Republican: “Gineral” Barry made the mistake of firing a few foolish questions at Judge Kinkaid in one of his campaign speeches last week and the judge didn’t do a thing but answer every one of them in a manner which won applause and votes from the muititudes who heard him. Geneva Signal: It is as unfair and un- readonable in the Gazette to charge that Jo Johnson is to be E. H. Hinshaw's private secretary as it would be to charge that W. H. Thompson would appoint the editor of the Gazette to be his private secretary and draw the accompanying emolument of $2,000 per year It he were elected governor. Fairfield Herald: The republican party of the dlstrict made no mistake In the nomination of Judge G. W. Norris of Me- Cook for congress. A man who has so successfully made his own way:to the front as Judge Norris has done is the kind of man the people like to vote for. Every such nomination strengthens the party, for, after all, & party is judged by its actions and not by its platform. Scotts Blufft Republican: Kinkaid 1s the man to elect in this district this fall, is the almost universal sentiment in this part of the district. While the judge is not an excellent speech maker, he is a worker from the word go! and when he takes his seat in the lower house of congress next March, if you want anything done and done quickly all you will have to do is to let your wants be known to Moses P. Kinkald. Beemer Times: Newspaper comment all over the Third congressional district s in favor of J. J, McCarthy, and if it is any index to public sentiment Mr. McCarthy is safe in this district. Many of the opposi- tion papers speak well of him and none of them seem to find anything detrimental to him as a man. He is unquestionably a good, conservative, yet active, man in pub- lic affaire and will be a n to send to Washington. All indications point to his election in November. McCook Republican: One of the most noted features of Hon. G. W. Norris' ad- dresses at non-political gatherings is that they are not political epeeches made in his own interests and to further his own cauee. They are entertaining, interesting, instructive and patriotic and enjoyed by every hearer, of all political parties. “The poor man's friend has the good taste not to thrust partisan politics on a defenseless public, and the aforesaid public appreciate it. The publc knows what he is and where he stands and will endorse both him and his views next November. Juniata Herald: To eend a democrat to congress, when the administration is en- tirely republican, is about as wise as it would be to send a Methodist to a Presby- terian conference. The Methodist might be permitted to lead in prayer once in a while, but if he began to ask favors, or de- mand recognition, a couple of elders would be apt to lift him up by the coat collar and drop him over the transom. When Judge Norris goes to Washington to represent the Fitth district be will be in harmony with the powers, and when he wants something for his constituents he will get it. Kearney Hub: General Barry wants to discuss the “iesues” of the campaign with Judge Kinkald. So far so good. But when the proposition 1s all summed up the thing 1s so simple that it hardly rises to the dig- nity and importance of joint debate. The only question is whether the prosperous conditions that have been brought about by the policy of the republican party shall be continued, or whether we shall revert to the old regime of uncertainty, inertia and general paralysis. It should not be neces- sary to do more than ask Genmeral Barry whether he is In favor of continuing those conditions, or whether he would if elected join with the democrats In congress who again boldly advocate & policy of free trade. Syracuse Journal: Fusionists are claiming that Hanks will carry this county by 500 votes. These claims are large and groundles Otoe county has a clear republican majority on a party vote and a congressman is surely entitled to his party vote. While Hanke s a resident of this county and some republicans on first thought might feel that county pride de- manded that fhey vote for him, second thought will readily convince them that it is their duty to shpport the administration by word and act, and the plain way to do this is to cast aside county pride, per- sonalities and other side lssues and vote for E. J. Burkett. His record in con- gress hae been clean and satisfactory, and President Roosevelt wants to see him re- turned to congress. Central City Nonparfel: It is for the people of the Third district to decide whether they will have actual representa- tion in congress or mot. As it stands now, and will continue if John S. Robinson is re- elected, the Third district is, from a practi- cal standpoint, without representation. Congressman Robinson may be a man of fair ability, but arrayed as-he s against the administration and the majority in con- gress, his constituents cannot hope for any practical results from his labors. The Third dlstrict showed itself In sympathy with republican policies by giving McKinley a majority. It should now demonstrate an interest in its own welfare by sending a representative to congress who will be in a position to accomplish something for the good of his constituents. Hartington Tribune: There are many reasons why Hon. G. W. Norris should be clected to congress to represent the Fifth district. Most of these reasons are ap- parent to even the most superficial mind. We have no disposition to decry the merits of Mr. Norris' opponent. Mr. Shallen- berger s an able man, a fluent speaker and a successful man of business. His personal character is above reproach. But it is not of Mr. Shallenberger's personal character that we would speak. Judge Norrls stands for those principles and policles which brought the country from under the spell of panic disaster into the sunlight of pros- perity. Mr. Shallenberger, with misdirected zeal, stands for those policies which have spelled disaster to American Industry, pros- trated business, closed factory doors, opened soup houses, filled the highways and by- ways with marching “Coxweals armies” and forced the government to become a borrower in time of peace. If re-elected he will continue to work to bring back to effect those~same policies and principles. David City Banmer: E. H. Hinshaw, the republican candidate for cougress in this district, delivered an eloquent address “atholic picnic at Center Tuesday, highly appreciated by all who heard him. His speech was not a politi- cal one, he mot even mentioning the fact that he was a candidate for office. Mr. Hinshaw took for his subject the develop- ment of the west from its early discovery up to the present time, making some com- parisons of pioneer life with the present; spoke of the expanslon of our country from its early history umtil the boundary ex- tended to the Pacific ocean om the wi Dominion of Canada on the north, and Mexico and the gulf on the south; called attention to the national progress, civill- zation and commerce until we have become mistress of land and sea, and that we are now teaching civilization and principles of civil government to the nations which gave birth to the human race. Mr. Hin- shaw is a fluent speaker and a gentleman and is making a clean campaign, not re- sorting to the schemes of the demagogic politiclan, which fs making friends for him wherever he goes. CONTROL AND OWNERSHIP, Roeck Directors Minority Control. Chicago Tribune. The directors of the new Chicago, Rock Island and Pacific company have withdrawn from a position which was supported by the law, but which w attacked by the public. Legal eanction has ylelded to current opinion. The state of New Jersey gave the Rock Island directors certain rights. People in general protested against the ex- ercise of those rights. cided that peovle In general were of more consequence to them than the state of New Jersey. The case was this: articles of incorporation gave the directors the right to buy and el the company's stock, to call in outstanding shares and bonds, to reissue those shares and bonds and, in general, to contract or expand capi- talization in a way which s generally sup- Island Ab, posed to be a special prerogative of the | sharebolders. The dangers of such a sys- tem are perfectly clear. Here we have a small group of men who, perhaps, own only a minority of the stock of their company. By virtue of their position on the board of directors these men are able to begin and continue a financial policy which, to those who own a majority of the stock, may be most objectionable. In matters of great importance such directors are able to vote the stock of the company as if they were owners instead of administrative officers. They are also able to use the company's money In stock market operations. The temptations lurking in this arrangement need not be dwelt upon. The directors would have all the opportunities which go with control and might have none of the responsibilities which go with ownership. The scheme was, therefore, a flagrant violation of the sound business principle that control and ownership ought to be lodged in the same person. No other ar- rangement offers any safeguard. There are special reasons just now why public attention s attracted to this matter. The great railroads of the country are in period of prosperity. They are accumulal ing large surpluses and large credits. They have, therefore, become the object of in- tense speculative interest. The purchase of the Rock Island by the Moores and the purchase of the Louisville & Nashville by Mr. Gates and his friends have opened the eyes of the public to the speculative possi- bilities of such transactions. Competitive building, the dictation of rates, the utiliza- tion of credit for the purpose of buying other roads or of carrylng on extensions, the utilization of control for the purpose of distributing the surplus, the wanton dis- turbance of existing conditions—these are lines of action which are open to the men who are now buying up the control of rail- road properties. It is evident, therefore, that control should not be lodged in the hands of men whose interest in thé prop- erty is purely speculative and whose move- ments are not under the direct supervision of the real owners. A STRIKING METAPHOR. Minneapolls Tribune (rep.). President Roosevelt, in his recent serfes of speeches, has been talking all around the trust question without saying anything really new or offering any mew sugestions in the way of solution. But he has shown a spirit of sincerity and earnestness, tempered with conservatism, that has pleased the people. In his attitude toward trusts he Is not a cowboy forcing his cayuse recklessly over the stringers of a railroad bridge, but a cautious rider seeking a broad and firm highway for a definite movement. He does not propose to de- stroy corporations, but to prune down the excrescence of capitalistic monopoly. In his speech at Wheellng he hit upon a happy and striking metaphor. He sald that no one could dam the current of the Mississippl, but that we can build levees and keep the current within bounds and shape its direction. “So.”" he added. “with the great corporations known as trusts. We cannot dam them; we cannot reverse the In- Qustrial tendencles of the age, but we can control and regulate them so that they will do no harm. A flood comes down the Mis- sissippl river. You cannot stop it, but you can gulde it between the levees 80 as to prevent its doing injury, so as to insure its dolng goo This is & little gem of rhetoric that will play an important part in the trust discu sion from this time on. It opens up at a glance, even to the humblest understand- ing, a comprehensive view of the whole question. It reveals the folly of the ex- tremists who would destroy the organiza- tions that have done o much to put this country in the front rank industrially, and demonstrates the strength and consistency of the plan of regulation and control. Though not so condensed, the metaphor Is as forceful in its appeal to common sense as Lincoln's famous saying danger stream.” It is a saying that will stick like & burr in the public wind. The directors de- | The Rock Island's | PERSONAL NOTE Just at present St. Louls is attracting more attention with its boodlers than with its world's fair, General Fitzhugh Lee has been elected president of the Jamestown Exposition company and has accepted the office. The trolley cars on the line where the | president was hurt are ambitious. One of | them ran into a steam roller the other day. So prevalent has the pistol-carrying babit become in Memphis that Judge Moss, pre- siding in one of the local courts, has in- structed the grand jury to make inquiry regarding the evil. Colonel Willlam Glazier and his party of ten New England college men, who sailed trom Boston for Labrador on July 10, have just returned home. An unknown river in Labrador was discovered by the party, Troubles never come singly. Just the long-suffering public begin to look toward the ofl wells of Texas for a substi- tute for the no longer affordable coal, we hear that the Texas ofl flelds are all ablaze. Theodore C. Bates, o Massachusetts finan- cler and promoter, travels not a litttle in | connection with projects he has on hand, but always carries with him a supply of drinking water from his farm in the old bay state. The water is from a spring near the spot where took place one of the most ter- rible Indian massacres in all the history of Massachusetts. 8ir Richard Sedden, premier of New Zea- land, displayed great activity in sending | colonlal troops to South Africa. On one oc- casion a political opponent said to' him: “You are ready enough to send our soms and brothers to be shot at, but—" The rugged premier interrupted: “Sir, this morning I signed a commission for my own son. He will be shot at, too, and I dared him to come back without a wound.” MIRTHFUL REMARKS. Washington Star: ““We recognize an glishman,” sald the Ametican, by the way he dropps his h's.” Yes, ‘anewered the En we recognize an American lets go of his money." Chicago _Tribune: Wealthy American Father-in-Law-1 find, count, you did not tell me the full extent of your debts. Count Boylon de Bakkovisnek-—And you did not teil me, mare, zo full extent of mademoiselle’s tempare. lishman y the , deares but I'm m doubt as to what the old gentleman means. “What did he say?" “‘He either sald he'd cut you off without assent or without a cent.’ “Philadelphia Pres: tell yow " de- clam e BEmcultariat with jons’ whisicers “if Thomas Jefferson wuz alive he'd be & populist.” “Come to think of it. there is something tn common between Jofferson and the poj list_part ERY Yew admit 1t7 “Yes. Jefferson’'s dead.” Chicago Post you aduutlnl your son_for any plrlk‘u)u.r calling o8, ‘What?" ‘Well, he made his own selection and near as'I can find out he is educating him. self to be the husband of an heiress.' | _ Chicago Tribun, about once a m: he homely cousin. “He. must be & mighty poor ?l(‘u!u for a lover." oor excuse is better than none retorted the girl in the pink shirt wals glaring at the other, who hadn't any lovers at al He comes_to see you doss ha?' sald the WALLS OF CORN. Eilen P. Allerton. Smiling and beautiful, heaven's dome Bends softly over our prairie home. But the wide, wide lands that stretched away. Before n?;' eyes In thé days of May; (i The rolling prairie’'s billo Breezy upland and timbere swell, dell; Stately mansion and hut forlorn— All are hidden by walls of corn. All the wide world is narrowed down To walls of corn, now sere and brown. What do they hold—these walls of corn, Whose banners toss in the breeze of morni He who questions may soon be told— A great state's wealth these walls enfold. No sentinels guard these walls of corn, Never is sounded the warder's horn; Yet the plllars are hung with gleaming gold, Left all unbarred, though thieves are bold, Clothes and food for the tolling poos Wealth to heap at the rich man's door. Meat for the healthy and balm for him ‘Who moans and tosses in chamber dim; Shoes for the barefoot, pearls to twine In the scented tresses of ladies fing Things of use for the lowly cot, Where (bless the corn)! want cometh notj Luxuries rare for the mansion Gifts of & rich and fertile land. it All these things and so many more, It would fill a book but to name them o'er, Are hid and held in these walls of eorn, Whose banners toss in the breeze of morn. Where do they stand, these walls of corn ‘Whose banners toss in the breeze of morn1 Open the atlas, conned by rul In the olden days of the amrlct school. Point to this rich and bounteous That yields such fruits to the mller"n“gum ‘“Treeless desert” they called it then, Haunted by beasts and forsook of, men. Jdttle they know what wealth untold y hid where the desolate prairies rolled. Who would have dared, with brush As this land fs now, to palnt it thens * " And how would the wise ones.have laughed corn, Had prophet 'foretold these walls of corn, hose banners toss in the breeze of morn! This is the season when a light- weight overcoat is a luxury, A little later it is a necessity. Get yours now and have full use of it. $10.00 to $30.00. A great variety in and materials. orowning both lengths K '§-@ Exclusive Clothiers and Furnishers. R. 8. Wilcox, Manager.