Omaha Daily Bee Newspaper, October 24, 1903, Page 1

’ PART I. E a THE OMAHA DAILY BEE. "PAGES 1 TO 10. ERTABLISHED JUNE 19, 1871, OMAH SATURDAY MORNING, OCTOBER 24, 1903—-TWENTY PAGES. MIXED COUHTiTOAHEAR CASES Newspaper Writers at Shan Sustained by the Forel ers. CHARGES, BAD FAITH Lord @eorge Hamilton Refleots Upon the Actions of the British Premier. TREATS ASSOCIATES IN UNFAIR MANNER Duke of Devonshire Alone Informed of Resignation of Chamberlain. SCHWAB 1S I¥ THE FIGHT Granted Leave to Intervene as omplainant in Bhip Building Oase. TAKES COURSE TO PROTECT HIMSELF By This Action He May Show His Posi- tion While Other Complainants May Appear as Defendants al Are SHANGHAI, Oct. 2.~The diplomatic corps at Peking has unanimously decided that the Supao prisoners must be promptly tried by the mixed court here. The Supao is a Chinese journal published at Shanghal, a treaty port, by a number of young “literati.”” They printed some ar- | tioles strongly denouncing the Manchu v OBJECTS TO THE WAY HE WAS OUSTED | 1 jury or China as the hereditary encmies —_— { of the nation. bers The matier attracted the attention of the of Oabinet Were Not Allowsd to| ., /C 0 B s and the consular body Resign in Body, at Bhanghai was appointed by the taotal of that eity with a view to the apprehen- sion of the offending reformers. It was then agreed between the taotal and the consuls that the journalists should be put under arrest and tried by the mixed |1, yame time were allowed to flle an court and {f found guilty they should |, PR 0l B ross-bill, and Roland undergo punishment in the foreign sottles [ (onkiin. Max Nathan, Jacon W. Mack g+ and James D. McGuire, as creditors and The arrest of the reformers, which fol- | o yholders, were given leave to intervene lowsd, was made under this express un-|.. q.fendants. derstanding, but while the case was pend- | [, over De TFere, representing Mr. ing before the mixed eourt the imperial | g, wab, explained to Judge Lacombe that government at Peking virtually disavowed | ;o jysues of the action were such that Mr. the Bhanghal taotal compact with the con- | gohwab should properly bs & complainant, suls and demanded the surrender of 1he |(h, answer of the defendants contalning prisoners. The question was thus trans- | .j.gations of such a character that Mr. ferred from the Shanghal consuls to the | gohwab should in all fairness be given the forelgn ministers at Peking. opportunity to come in and show his posi- WOULD KEEP MONEY AT HOME | "% After hearing the arguments of counsel i Hereatter, NEW YORK, Oct. 23.—Through an order granted late today Charles M. Schwab was granted leave to intervene as a complain- ant in the action recently commenced in the federal courts by the New York Security and Trust company against the United |States Shipbullding company and James Smith, jr., as receiver. The defendants at CABINET CONSIDERED TAXING OF FOOD Former Secretary of State for India Would Accept Preferential Tariffs, but Was Not Given Oppor- tanity to Do So. LONDON, Oct. 22.—~In an address to his constituents at Ealing Lord George Hamil- ton, late secretary of state for India, has given for the first time his version of the recent cabinet resignations. He sald that at the cabinet meeting on the last day of the parilamentary session Premier Balfour produced a program which included preferential tariffs and the taxa- tion of food. The cabinet adjourned that day without reaching a decision in the mat. ter. It met again on September 14 and con- tinued the same discussion. After this meeting Lord Balfour, then sec- rteary for Scotland; Mr., Ritchey, then chancellor of the exchequer, and he agreed to place thelr resignations in the hands of the duke of Devonshire, then lord of the oouncll, who would present them with his own. It was not untll September 16 that Lord George Hamilton learned of Colonial Becretary Chamberlain’s resignation and that the duke of Devonshire had retained his office. Members Not Treat Fairly, He declared that Premier Balfour had treated the members of the cabinet, other than the duke of Devonshire, unfairly in communicating to the duke the news he withheld from the remaindes of the mem- bers. He sald also that he would have been willing to resign at any time on the | slightest suggestion from Mr, Balfour, but he resented the method In which free trade members had been ousted from the cabinet. With regard to the general fiscal policy Tord George Hamilton declared himself a free trader with limitations. He said also that he belleved thoroughly in retaliation which would give the country better chance for negotiation of regiprocity treaties. * Protection Pure and Simple. The other members of the cabinet would have resigned on such a proposition, but that had not been the question presented to them. The speaker also expressed the conviction that the present propaganda was protection pure and simple. » “The flscal campaign cobtinues with un- pbated vigor, Among the speakers last n ‘were 8ir Henry Campbell-Bannerman | Edward Gray, both of whom said . that would result in an (ncrease | 4 prices and great hardship to the working @lasses. Judge Lacombe granted the order for Mr. Hchwab to intervene as a co-complainant without prejudice to the proceedings al- ready had and that the title to the bill of complaint and other papers should be deemed amended as fully to all intents and purposes as it Mr. Schwab had been a party complainant at the time of the filing of the bill. It also gives Mr. Schwab an oppor- tunity to litigate all the issues of the case, The order also stayed all furthet proceed- ings until the expiration of the time for the filing for the answer and cross-bill. The four shareholders of the shipbuilding company granted leave to Intervene as de- fondants were also allowed to serve an an- swer to the bill of complainant within thirty days from the entry of the order, also without prejudice to all previous pro- ceedings. Outlines the Defense. The nature of the defense which Charles M. Schwab will make to the charges that have been made against him In connection with the financial affairs of the wrecked United States Shipbullding company was sharply outlined during the latter part of the hearing before Examiner Oliphant late today. Lewis Nixon was still on the stand, and under cross-examination by W. D. Guthrie, counsel for Mr. Schwab, there was an ef- fort to show that the corporation would not have succeeded If the $2,000,000 prom- ised under the Sheldon plan of reorganiza- tion had been made avallable and that it could not have continued its existence even if it had recelved the much sought for | $900,000, which, it 1s alleged, was wrongtully PORTSMOUTH, Eng., Oct. 2.—Nelson's | withheld by the Bethlehem company. Mr. ola hip, Victory, was nearly sunk In| Guthrie showed by Mr. Nixon that the Portsmouth harbor today by the battleship | $900,000 would have been absorbed without Neptune. The buttleship Hero and some | reiieving the company of all of the finap- other craft were also damaged. lal embarrassment which it 1 iffered and Neptune, a noneffective vessel of 8.81%, was asked iIf it would have been honest tons displacement, bullt in 1574, which was | to the other creditors If the interest charges being towed Into Portsmouth preparatory | on account of bonds had been paid July to being taken to the Thames to be broken | 1, the date of the crisis in the affairs of up, broke adrift and ran amuck. After | the concern. | desperate eftorts Neptune was cecured by | The examination of Mr, Nixon not Hero, but not before the former had| concluded and will be resumed at the next knocked & six-foot hole in Victory's port | hearing, which is set for a Week from Mon- quarter. day, Victory's lower decks were quickly flooded and it commenced to settle down, its orew standing at quarters, but the speedy arrival of tugs enabled the old flag- ship to keep afloat until it was docked. MURDER PLOT DISCOVERED The meeting approved the lssue of a manifesto setting forth the views of the | Russiam Govermment Semds Six Bat- league. Briefly, this manifesto expresses talions to Protect Consul the willingness of the league to consider ot GERER. in a friendly and loyal #pirit any definite plan the premier may submit to Parlia- ment, It criticises adversely and at con- siderable length, however, Joseph Cham- ster of Militia of Canada Makes Significant Speech at & ot. MONTREAL, Quebec, banquet tendered in his honor by the mill- tary men of Montreal, Bir Frederick Bor- den, minister of militia, made the following statement regarding Canada’s contributing to the defense of the empire: ( We owe a duty to Great Britain and we have discharged that duty in the past by being prepared fo take care of our own - territory. ins{st upon this, and T have no hesi- tancy in saying it, that if the people of this country should see fit to expend money for military purposes or for purposes of de- tense, they shall have control of that money themselves and shall not hand the money over to anybody, whether it be the London War office or the first lord of the admiraity, to spend for them That s the principle which 1 lay down as a C an and 1 belleve it & sound prin- cipie. If we are able to defend our own country we will contribute better than in any ether way to the safety, maintenance and integrity of the empire. Under the present system Canadian mili- tary forces are under command of British- ers. The statement is regarded as most significant in view of the Alaskan boun- dary decision. OLD FLAG SHIP DAMAGED Vietory, Once Commanded by Nelson, is Almost Sunk in Ports- mouth Harb Free Food League Meets. At & meeting at ‘Westminster tonight of the Parllamentary Union Free Food Jeague the duke of Devonshire was unan- imously elected president of the léague and Lord Goschen, chancellor of the exchequer in the second administration of Lord Salls- bury, Sir Michael Hicks-Beach, who oc- cupled the same office from 1895 to 1902, and ©. T. Ritchle, who resigned as chancellor of the exchequer this fall, were elected vice presidents. Among those present was the duke of Manchester. Nixon Still om Stand. The cross-examination of Lewis Nixon was continued when the inquiry a8 to the affairs of the United States Shipbuilding company was resumed today, Charles M. Schwab and Attorney Pam were in attendance. The witness was again questioned as to the representations made in the earlier shipbullding combina- tion prospectus and the correctness of the -statement that Fdwin Hawley, E. H. Har- riman, James Stillman and other financiers were to serve as directors, Mr. Nixon sall he understood the statements were correct. 8 The underwriting agreement which Charles M. Bchwab signed was produced by the representatives of the Trust Com- pany of the Republic at the request of Attorney Guthrie, identified by Mr. Nixon and offered in evidence. The underwriting agreement signed by Roland R. Conklin, complainant, was also turned up by Mr. Guthrie, but Mr. Nixon aid mot know Conklin's handwriting, and the document was simply marked for iden- tification. The underwriting agreements of Max Nathan, James D. Maguire and Jacob W. Mack, also complainants, were pro- duced, but Mr. Nixon did not know the individuals or their signatures. The agree- ments were marked for {dentification. Mr. Nixon testified that vendors became ROME, Oct. 2.—The Itallan minister to | underwriters to the extent of several hun- Abyssinia, Major Cicicco Di Colo, has been | dred thousand dollars. He, Henry T. Scott instructed to assist United States Consul ' and Mr. Hyde, all vendors, became under- Skinner of Marsellles, France, in carrying | writers. The witness identified the agree- out the latter's mission to King Menelik, | ments signed by himself and Mr. Seott one of the objects of which s to invite the | and they were offered in evidence. It is king to visit the St. Louls exposition and | understood that the purpose of this evi- | to provide for an Abyssinian exhibit. dence 1s to show that the complainants are holders of but & small amount of the bonads, Solves Mystery of Check. CONETANTINOPLE, Oct. In con- sequence of the discovery of a military plot 0 o to kill M. Belaleff, the Russian consul at Deciuine proposais sad deciaree they |15 K W, Benien 1 R e s Wn tmperial zollvereln with none of its | battalions of troops thither from Kopdulu guains, and tend to promote the disinte- |and Perlepe. gration rather than the union of the em- re, while leading Inevitably to & policy of protection. ‘Willlam Cavendish, helr to the dukedom of Devonshiro, who was appointed finan- | ppjjagelphia on its arrival at Southampton clal secretary to the treasury a fortnlght | ootober 21, from New York, on the ehlmi ago, spoke at Derby tonight and made |of murdering 8. T. Ferguson, a rallroad | some Interesting revelations. He sald he | oonractor, at West: Middletown, Pa., were | also had written a letter Nl“fl.lnl hl.‘bmuhl up i Bow street police court 'o_! post of treasurer of King Edward's house- | gay, They denled having committed the | hold, but “he Aid not mafl it.” murder and were remanded for further He explained that he Aid not like the | pearing. fdea of retallation, but now he believed it was necessary to “defend British trade™ Mr Cavendish is credited with being a free trader, and his consenting to remaln in the government created comment at the time of the crirls. Reduced Majority for Minister. Colgnial Secretary Lytleton, liberal un- fonist, has been re-elected member of the Mouse of Commons from Warwick and Leamington with & greatly reduced major- ity. ‘He recelved 2,68 votes, while Mr. Berridge, the liberal candidate, recelved 2,- 49, the majority being 1. At the last election in this district Mr. Lytleton se- cured a majority of §81. The reduced majority of Mr. Lytleton in Warwick and Leamington, occurring @s it did in Mr. Chamberlain's own district, is taken by the unionist press this morning &8 an Indication that the food tax argu- ment of the free traders will figure heavily iu the general election, whenever the gov- ernment goes to the country. MORE MINES TO BE CLOSED Owners of Eine Mines ¢ Plan » Crotians to Have Hearing. LONDON, Oct. 2.—The two Crotians, giving the names of Taparae and Kebear, |who were arrested on board the steamer Wil Invite King it Fatr, ‘Russia Needs More Steamers, LONDON, Oct. 2.—Advices from Tien Tsin say it is learned there that Russia is negotiating with a steamship company at Shanghal to charter steamers beionging to | the company to run between Shanghal and Port Arthur, the government representing | that the volunteer fleet is not sufficient to carry on the traffic. The mystery surrounding the purpose and destination of the check for $250,00 which has figured in the investigation in the af- fairs of the United States Shipbullding com- pany was partially explained today by a former officer of the Trust Company of the Republic. He sald that the check was drawn to cover a payment on ome of the shipyard properties and that after it had been made out it was found necessary to cut the sum into a couple of smaller checks. one of & series of numbered checks and rather than destroy it it was put through the bank by the trust company ftself. The money called for by the check was not withdrawn from the bank. What sub- sequently became of any money that re- mained after the plants were pald for has Americans to Leave for Home. LONDON, Oct. 3.—The American line steamer Philadelphia, which is to sail from Southampton and Cherbourg tomorrow for | New York, will have among Its passengers Mr. and Mrs. John W, Foster, Mr, and | Mrs. Jacob Dickinson and Mr. and Mrs. Hannis Taylor. Durand May Be Named, LONDON, Oct.' 8.—The Exchange Tele- graph company says Sir Henry Mortimer Durand, the British Ambassador at Mad- | not been shown at any point in the in- rid, will probably succeed the late Sir quiry, but it is aseerted that this particu- Michael Herbert as ambassador of Great | lar check was not cashed and is, there- Britain to the United States. fore, of no importance to the ingliry, VALLETTA, Island of Malta, Oct. 23— SHOOTS ESCAPING PRISONER A fire works explosion at & workmen's club in the village of Belgan has resulted in g | California Guards Kil] Man Who Tries woman and four men being killed and the to Leave Folsem lemi- injury of fourteen persons. tentiary, GALENA, Kan, Oct. 23.—The mill and mine owners and operators of the Galena- Joplin district consummated plans today for a total shutdown of the mines and milly o force the price of ore above the prices NOW offered by the smelting combine, Ex. tensive operators here consider this to be the most practical and effective’ way of ralsing the price of ore and holding the price on & par with the price of pig lead. — SAN ANTONIO IS ISOLATED Governor Quarantives All Parts of State and Stops Traine from Chty, AUSTIN, Tex, Oct. 2.—Governor Lan- ham today quarantined all Texas against Ban Antonio on account of the yellow fever The order is mandatory upon all Tullroads to operate no trains fn or out of Bun Antonlo from noon toduy nor handle any frelght or passenger business from that Sty In any Five Killed in Explosi Steamer Loaded with Geld. PLYMOUTH, Eng., Oct. %.—~The sum of| SACRAMENTO, Cal, Oct. %.—A message $.000,00 in gold was landed here today|to the Sacramento Bee from the Folsom from Bombay. This is the largest ship- | state prison says that E. Mannuel, a second ment ever brought to England on one | termer, was shot by the guards and killed steamer. while attempting to escape. Mannuel was discovered yesterday with Electric Car Attains High Speed. | optum in his possession and was placed in BERLIN, Oct. 8.—An electric car today | the dungeon. He was removed this morning in the high speed experiments on the Mar- | by the officers to point out the locality lennelde-Bososen line attalned the speed of | where other oplum was stored. He made shape whatsoeven, 5 miles por hour, @ dash for Uberty and was “hot -~ It was | MILWAUKEE MAY REACH COAST Wi all eet Has the Rumor and Figures Out a Reason for the Move. NEW YORK, Oct. 23.—(Special Telegram.) ~Once more It s asserted that the 8t. Paul road is to build to the coast. The report probably will be denled as promptly and as emphatically this time as 1t has been muny times in the past. The authority for the knowledge of certain land d¢ Bmout through in the last two or threl & & hs & hat the 8t. Paul management hag a to extend its system to & norther’ “S&%n the In connection with this ¢ it is at least Interesting to note t' western not easy of solution. ¥ Friman and Gould interests are not , to all ap- Interests are working i Jlete harmony Only a short time ago Mr. Harriman joined directorate and this move followed a report for which there seems to be good ground Kuhn-Loeb interest. Mr. Harriman and the Rock Island interests are on the best of heavy purchasers of Atchison. By many it Is belloved they are already In control of Northern Securities, the Unfon Pacific and Southern Paclfic and the Atchison, the Har- every route to the Pacific coast. The St. Paul and the Northwestern and the Gould line being the Denver & Rio Grande of the Gould group, which ends at Ogden. Action of Great Western Threatens to Disrupt Trunk Line Com- present rumor is a man who says he has which to him are a positive ind)’ Pacific coast. raflroad situation present ’ problems pearances, while the R r and Gould the Hill-Morgan party by entering the Erie that Mr. Harriman had fallen out with the terms, and acting together, have been the Atchison property. Controlling the riman-Morgan-Roek Island interest controls system are cut off, thelr farthest western ROADS APPEAL TO STICKNEY mittee, CHICAGO, Oct. 23.—(Special Tejegram.)— President G. B. Harris of the Burlington frailroad is on his way to 8t. Paul to con- fer with A. B. Stickney, president of the Chicago Great Western, trying to induce the latter to modify the proportional rates on grain which the Great Western proposes to put through Omaha. The conference at St. Paul is the result of a meeting of exective officfals of the lines interested, in the office of J. C. Htubbs yesterday. The fact developed that unless the Great Western rates are modified 80 as not to lower other rates serious trouble will prob- ably arise. The Northwestern has threat- ened, In. the event of the rates going In as announced, to withdraw from the West- | ern Trunk Line committee so far as grain trafic is concerned and also to reduce grain rates throughout the state of Iowa. A strenuous effort Is being made to effect & compromise and avold radical action on thie part of the lines affected. ONE MILLION FOR CHARITY Massachusetts Woman Leaves Large Estate to Go to Varlous Tastitations, SALEM. Mass,, Oct. 2.—A sum approxi- mating $1,00,000 ultimately is to reach a number of public and charitable fnstitu- tions In various parts of the country un- der the terms of the will of Miss Mary P. Ropes, of Salem, who died here recently. The document was made public today and provides that the income from all her | property, amounting to about $1,000,000, shall go to her sister, EMza O. Rope during her lifetime. After the sister’ death the property is to be divided among public institutions and charities in Salem and other Massachussetts cities, in Ohlo, Washington, D. C., and other places. Harvard university is given a block of rallroad stock to found the Nathaniel Ropes chair of political economy in honor ! of Miss Ropes' father, also stock and bonds to found the Nathaniel Ropes, jr., scholar- ship. Tuskegee Institute, Carlisle Indian school and Berea onllege, Berea, Ky., are to re- celve small amounts. The institutions re- membered in Ohio and at Washington, D. C, are mainly Swedenborgian organ- izations. GENERAL IGNORED ORDERS Such Testimony is Brought Out at Trial of Colorade Militia ome DENVER, Oct. 23.—At the court-martial trial of Brigadier General John Chase of the National Guard of Colorado on the charge of perjury Colonel Edward Ver- decksburg today testified to the receipt of an executive order from Adjutant General Bell for the release of W. 8. Davis from the military prison and of another order from General Chase ordering the prisoner to be held, which was accompanied by the remark that too many “manufactured executive orders” had already been re- celved. Two other officers corroborated Colonel Verdecksburg's testimony, WOULD BANISH FIRE WORKS 1 Valley Medieal Society Takes Stand Aganinst Explo- A sive Hilartiy. LOUISVILLE, Oct. #.—Dr. Henry E. Tuley, secretary of the Mississippl Valley Medical association, today made public a set of resolutions taking strong stand against the sale of toy pistols, favoring the enactment of national laws against the manufacture of fireworks and the open treatment of all wounds, however insig- nificant, which were adopted at the con- vention of the organization held recently in Memphis. DEATH RECORD. Mrs. Alexander Hodge. STELLA, Neb, Ooct. Z.—(Special )—Mrs. Alexander Hodge died at the residence of her daughter, Mrs. Norman Smilie, in this city yesterday. with her husband, who is now deceased, came here thirty years ago and settied on the Hodge farm two miles north of town. Nineteen years ago she had a stroke of paralysis and has not been strong since. About six weeks ago she had an- other attack and had been gradually fail- ing since. She was burled in the Prairie Union cemetery, having been a member of the Baptist church for the past twenty- nine years. . ' Charles T. Saxton. ROCHESTER, N. Y., Oct %.-—Former Lieutenant Governor Charles T. Saxton of Clyde, died 1n the Rochester city hospital today, | Justice with a view to | |case to which Mr. Heinze refers, She was 76 years of age Winfleld. o whom Are how. tving. Mra. Hodgs | WELCOME CUSTOMS APPRAISER STOPPING WORK IN MINES Party to Montana Lawsuit Says Bteok Job- bng is Responsible. DENIAL MOVE IS BY OFFICER OF CONCERN spension of iness by Copper Company Felt Every Part of State and Many Lines of In try, BUTTE, Mont., Oct. 2.—By the general shutdown by the Amalgamated Copper company properties last might from 13,00 10 15,00 men are directly thrown out of employment and others will be Indirectly affectod within & week, so that the grand total will reach 20,00 men. The Great Northern wiil lay off a large portion of the freight orews heretofors hauling ore from Butte to the Boston & Montana emelter at Great Falls, The Butte, Ana- conda & Pacific rallway will lay oft freignt crews between Butte and Anaconda. In addition to these numerous other enter- prises, large and small, which relied upon the Amalgamated as their chief customer, will be obliged to curtall business. In Montaua alone approximately $1,000,00 & week 18 cut off the payrolls. Butte streets are filled today with the 7,000 miners thrown out of work last night. Boarding house keepers, store keepers and others whom the miners owe besieged the courts seeking garnishment orders. The constables cannot serve the papers fast enough and the justice cierks are working overtime filing them out. So far there has been no violence. Ratte Hard Hi " The actual number directly out of em- ployment in Butte is 600, These include the men in the Boston & Montana, the Syndicate group, the Butte & Boston mines, the Parrot group, the Coworado mines, the Colorado smelter, the Washoe group, the Butte & Boston smeiters and the Anaconda mines. At Anaconda the Amalgamated employes at the lime kilns, at the silica quarries, at the brickyards and at the foundry are | thrown out. The company operates ex- tensive coal mines at Diamondville, Wyo. While these will not be entirely shut down because they supply coal to the trade as well as to the company, the output will be limited materially. In the vicinity of Great Falls more than 2,600 men will be affected. Of this number 1500 are em- ployed in the smelters of the Boston & Montana company, a constituent company; 50 are at Belt, where the coal mines of the Anaconda Copper Mining company are; between 200 and 300 are raliroad men who handle the ore trafic between here and Butte and elsewhere, and about 200 others employed In the stone quarries, lumber camps and in miscellaneous capacities. The Boston & Montana smelter has the largest industrial plant in this vicinity. Hel Makes Sta t. A. Augustus Heinze, of the Montana Ore Purchasing company, today published a statement giving his side of the shut down. He sald it was a move on the part of the ‘Wall street speculators, among them H. H. Rogers, president of the Amalgamated Copper company, to control stock manipu- lation and was not directly caused by the injunction fssued yesterday by Judge Clancey. He also said that Judge Clancey's decision yesterday was in line with the Northern Securities decision. President William Scallon, of the Ana- conda Copper company, this afternoon made a statement in answer to Mr. Heinze, He says: “To lawyers who happen to be acquainted with the Northern BSecurities his as- sertion that the provision of Judge Clan- cey's decision are- very nearly identical with the order issued by the circuit court of appeals in the merger case, indicates elther gross ignorance on Mr. Heinzes' { part or a desire to prevert the facts. In the Northern Securities case the order directed the its original own¢rs and recognized the property rights of the Northern Securitles. Judge Clancey's decision, on the contrary, declares that the adverse party has no rights whatever, prohibits another trans- fer and simply proposes to wipe out the rights.” Continuing, Mr. Scallon said that there was no truth In the statement that Mr. Rogers, president of the Amalgamated company ordered the shut down to affect the stock market. COPPER IS WEAK IN BOSTON Decision Affects Price of BOSTON, Oct. 22.—The interest of brokers and their clients today centered in copper shares, In view of the shutdown of Amalgas mated properties, ordered yesterday after the decision against the company by the courts. Amalgamated opened on the Stock ex- change at 3, & loss of 2 from yesterday closing price. There were frequent sale the price touching &%, apd the stock was teverish and irregular in the early transac- tlons. Though 4000 shares were sold dur- ing the first half hour, the opening price was the lowest. Copper Range opened at 42, a decline of 1%. Later the stock fell to 42, then it went up to 43%. Outside of these two speclalties trading was lifeless. REAL PRINCE IS COMING Son of Ome of the Kings of Afriea to Attend School inm Kansas, WINFIELD, Kan., Oct. B.—A real, live African prince Is to attend school In this city for the next two years. B. R. O'Con- nor of this city has a son living in Lia Lui, Basotuland, Rhodesia. King Lewanica of that province has two sons attending school in England, one in Australia, and desires one to come to America to learn the ways of this country, Negotiations have been conducted through Mr. O’'Connor. It took letters two months to reach Winfield. The young prince will board with a respectable colored family in Spanish and Porte R Merchants Are Giad to See M Whitehead. SAN JUAN, P. R, Oct. 23.—The Spanish and Porto Rican merchants of San Juan have united in welcoming Customs Ap- praiser Whitehead of New York, who ar- rived here today and will tender him & banquet. The Investigation of customs affairs by Mr. Whitehead has begun already. soou will be quashed, re-transfer of the stock m! | | | | It is| Labrador wilde: is U believed in some quarters that all the re- | of Outing 'He cent indictnents in the smugsling cases | £Xplore THE BEE BULLETIN. Forecast for Nebraska—Fair Saturday and Sunday; Warmer Saturday. Page. 1 Charges Balfour with Bad Faith. etice in Ship Bullding. at Butte Are Shut ¥ Talka to the Banker fon is on the Incre » Darred from Practl News from Nebraska Tow Get Taste of Actual Campaignin Dowie and Hosts Leave New York. Night for the Republican nell Blaffs and Towa New ind Prevents Breaking of Record Commercial Heview of the Week, Harvard Has Good Chance at Golf Affatrs at South Omaha Things for Voters to Think Over, Nixon Tells of Peculiar Deals, Stickney Slashes Grain Rates. Utt Sees Good Chance for Omah ¥y 01d Law is Obsolete, s an Election Offcer. Side Lights on Romance. Henry Watterson on Soclety. is Bullding Forts. Message from Henry.” and Commerec) at Omaha Yesterday: Deg. 54 65 66 64 (23 53 52 50 48 Financial Temperatu: GAME GOES TO IOWA CITY Nebraska-lown Foot Hall Contest Will Not Come to Omaha This Year. Announcement was mada yesterday that the negotiations between represent- atives of the Nebraska and lowa university foot ball elevens, looking to the contest being held in Omaha, had failed and that the game would be played in lIowa City. The Nebraska-lIowa foot ball game is con- ducted under a two years' contract which provides that the 196 game shall be played in lowa City and the 1904 game in Lincoln. Acting on the supposition that the game would be held at Jowa City, the Towa City management went ahead and sold a large number of season tickets for its “t-home’ games. Were the game with Nebraska to be contested somewhere else than Jlowa City, the foot ball management at that place would be compelled to return the money which the patrons and friends of the team have advanced for the season admission book. A handsome cash offer was made the Towa City authorities and they were dis- posed to accept it, but had their hands tied ®o that they ocould not themselves. Nebraska aecepted the offer which was made by local parties, including H. A. Tukey and others, but Towa did not see its way clear to do so. It was stated that local parties had made the Towa and | Nebraska managements a guaranteed offer of $3,000 for the game, but this could not be verified. When Mr. Spungler was in the ity he negotiated with other parties than the ones who are understood to have made the $3,000 offer. But the fact that such a large sum had been oftered militated against the local parties who took the mat- ter up while Mr. Spangler was in the city, as he_thought that If any person could make such an offer it should be duplicated by others. ‘While the 1908 game will not be played in | Omaha assurances have been given the 194 game will be pulled off in city. The Nebraska authorities have the say about this matter for next year and it is understood that the proposition pro- viding for the contest in Omaha is ac- ceptable to them. MKOWN IN JAIL IN 10WA Man Who Married Widows and Geot in Trouble Arrested Marshalltown. that It is possible that a case of long standing in police circles may be revived. Deputy Warden T. P. Howell of the lIowa state prison at Fort Madison writes Acting Chief Mostyn that C. Wesley McKown, whose speclalty was marrying widows with no other motive than to rob them and skip out, | had lately been caught at his old trick and 18 languishing in jail at Marshalltown, Ia. McKown's debut among the exclusive widow soclety of Omaha dates back abou elghteen months. He flourished for week: and made love regardless. Finally he met | and captivated s Mre. Alice J. Coftey of 840 South Twenty-second street. They were married on the spur of the moment and it was reported McKown appropriated the woman's dlamonds and gold watch and fled. The value of the jewelry stolen wa. placed at $200 by Mrs. Coffey-McKown when she told the police of the disappearance of _her unfaithful spouse. “Since the marriage elghteen months ago the police caused the arrest of a man sup- posed to be McKown at Kansas City. It developed to be a wrong tip and nothing has been heard of either McKown or the | woman since. The news from Fort Madi- son promises to reinstate in the public eye | the story of the wooing, the wedding and the subsequent diamond theft and flight of the husband. The police will bring Me- Kown back to stand trial If they can secure his release from the jall at Marshalltown. TODD IS GIVEN MORE TIME Insurance Man © bessle After an extended preliminary skirmish before Judge Baxter the case of the State of Nebraska against Andrew V. Todd, who is chraged with embezzlement, was de- ferred until Monday. It is alleged in this case that Yodd, while acting as the representative of the Pacific Mutual Life Insurance.company, failed to turn in various sums of money which right- fully belonged to the company. One of these sums aggregated $50. On this charge alone he was brought up for trial on the charge of embeszlement. When his case was called before Judge Baxter Thursday morning Todd did not respond. He had been released on ball, and his bondsmen asked for twenty-four hours in which to “see about the matter.” Todd appeared in court this morning, through his attor- neys, and secured a postponement of the case until Monday. Lost in Lab or Wildernes NEW YORK, Oct. 23.—Leonidas Hubbard, whom traders returning from St. Johns. F.. from Labrador report as lost in the e assistant editor jew York last July to of Labrador. No white % ." penetrated as far as he extricate | this | COPY THREE CENTS. ROBERTS T0 BANKERS PRODUCTION OF METAL MAKES PROBLEM Asks What is Effect of Plethora of Money on Wages, AMERICAN STOCK IS NOW THE LARGEST | United Btates Has More Gold Than Any Other Nation. NOMINATING COMMITTEE MAKES REPORT Last Day of Convention of the Am: fean Bankers' Association O cludes with Election of Omcers, SBAN FRANCISCO, Oct. 28.—The closing day of the American Bankers' association convention commenced with prayer by Rev Bradford Leavitt, after which the call of states was resumed and statements of natural advantages and financial and agri- cultural prospérity were recited by the delegates from thelr respective sections. J. B. Finley, president of the Fifth Na- tlonal bank of Pittsburg, read a paper on “The Education of Bank Clerks.” Treasurer Roberts Talkw, He was followed by Hon. Ellis H. Roberts, treasurer of the United States, who de- livered an address on “The Effects of the Inflow of Gold.” Mr. Roberts said: The discovery of gold in California litted the production of the vellow metal in the n ates from $549,000 in 1847 to $9,- 000,000 in 1862, and 10 to isth, ro- duced an average of $5,000,000 a year. The ent marks an epoch. In twenty-one of ch of the years since, our mines have turned out less than $40,000,000, while in 1902 they gave $50,00.000. Out of this situa- tlon pregnant problems arise which call for thought. What place is more Atting for their ntudy than just here whers we Sand, Where we forgather with the home shepherds of the golden fleece? The Amer- fcan Bankers' ussociation, representing over $14,000,000,000 of resources, and all the activity of the nation's thrift and enter- prise, meets on the Pacific slope. We have from many points crossed the broad conti- nent to look upon the waters of the new Mediterranean, the ocean of peace, Upon it the scenes are mot for the grand drama of the future. The sea which inated in turn b Greeks and the Romans, was of waters dyed with blood; it is a 'little inland lake compared with ‘the mighty ocean which connects the Occident _with the Ord Which beats’ upon America and Asta and Australasia, and holds in its lap islands upon which nature has lavished its most precious treasures, California has ' learned that there is | wealth more precious than gold, because {1t has used its gold wisely. It clings to actual coin as currency, and has never wavered from fidelity to it as a standard. Under its sky, in its atmospher gardens and its ranches, we cannot fail of a true perspective and of a healthful exaltation in our practical sajon. In the United States at th h-finnlu ot thin month of October, th; in " the stock of was §1.277, i the amount held by the treasury was 6, and in circulation in coin” and was $1,016,648,693. Of the world's ng to $200,000.000, nished $50,000,000. America Has Most Gold. In gold in stock, {n circulation and in official holdings, our _country su every other nation. The stock of it Britain is §25,000,000, so that ours is doul | The increase In five years hére has been | $976,021,57. In that period Great Britain has added $90.000.000; France, $157,700,000; Germany, $9,000,000; Austria-Hungary, 365, 300,000, while Russia lost $10,400,000, an | several other countries there has been a {reduction. In all of Europe the total eaim In the same interval has been $449,600.000, |from which I8 to be dcducted the lllllna‘ off in several natione of $26,000.000, an thus a net Increass is shown of $423,600,000. (8ee table B at clo<e of address.) At the present rate our gnin befwe this calendar year ends, in stock of the yellow metal, will exceed that of all European countries. Remember also that their population 1s five times that of the United States. An interesting comparison is that by per- sons. Our stock of €old s $15.80 per capita; that of France 18 atated at §24.36: of Cer. {many, $1254; of Austria-Hungary, $601; of Russia, $.70; of Switzerland, $9.06; of Swe- den, $3.42; of Norway, $3.73. (See table C at closa of address.) ‘This plethora of the precious metal in oyr country presents three problems inter- esting and mportant. What Is to be the effect on our currency? What on prices and wages? What on our world relations? Paths may be opened for our investiga- tion if we look back to the decade follow- ing the discovery of gold in California and study the conditlons from 1860 to 1860. In that period our country produced gold of the colnage value of $550.000,000, an average of 865,000,000, a vear. With population ra g from 21000000 to 31.000.000, activity marked all branches of industry. In the | census vears the value of manufactures g.‘r‘nm.r-rd ran up from $1,019.106.616 to $1.88,- 676—an increase in ten years of $768,' 090, In the decade our national wealth | ereased by $9.022,8%,00. Imoports of chandise grew from $173,600,526 to $363.614,1! more than double; from $7.48 per ecapita to $11.25: and exports from $I44.375.726 to $332.676.067. again more than double. and from $.7 to $10.61 per capita. The money fon incrcased from $330.356.6%8 to and ‘from $1203 per capits to | 5. ' Of this. banknotes were, in 1880, | 5% and in 1860 $%07.102.477, and_specis | at the two perfods, $154.000,000 and $23.000.- |00, Prices of food and clothing advanced, and up to 185 a general increase occurred | of 11 per cent. but in the sum of articles chosen for Index there was a fall of 23 before 180, Pig fron. a typleal went from $2058 in 1850 to $22.75 in 18, " In Great Britain from the decade 1846-1%7 to 1858-187, there was an advance in index prices from § to 9. Where Peril Lies, Possible peril lies on another side. Our | circulation is undergoing an immense snd continuous inflation. In five years (he money in circulation in this eountry has run up from 31816616,292 (0 §2,404,617,0:, an increase of $68,020,617.° The' strength fe that of this growth $%8,604,572 has been im gold. coin and ceruficates, an annual ed- ition in that form of Rearly §12,000,00. We are to confront a further Increase in our circulation, of which gold will con- stitute not far from $50,00,000 a year. That precious metal, Including the certificates standing for it, s now .21 of the total, anl ‘ts share advances steadily. Since October 1, 158, the circulation for each person in the United States has run up from 3§ to _.wTS and the part of gold In it from $5.98 to $12.51. While no- Where else are checks and drafts aund lke instruments used to the same extent a with us, no other country has #0_much money per capita in circulaton save France, which claims $39.22, where checks are much less used than here. Great Britain has $18.29 and G:rm¢n§0!‘:«0fl Canada, $14.39; Russia has only 3.5. Differing from notes of mational banks. gold is money of final reserve and redemption, and the credit bullt upon it is higher and broader, so that th potential inflation may be carried furthe With due allowance then for contrary in- fluences, how far and in what direction in the wast inflow of the yellow metal carry- ing us? The blind may see that in the last five years business has been urudud in some ‘directions in an unparalieled de- gree. Credit has naturally been multiplicd &t least to four times the amount of cash added to our supply. The exploltation of gigantic industrial corporations ran on at & dungerous speed, fortunately to exhaust itself by its own excesses. omotion of stocks and bonds is not Illdulll’y.ll Is spec- ulation, and that finds help and impetus in_infidtion. In that way the inflow of old_has magnified if not wholly caused fiie frensy und the excemses in (ndustrial scurities. Those who have ell 100 bigh into the realm of credit must come down, and here the descent, unlike that 1o Avernus, is not smooth and pleasasi. The promoter who has falled to distribute his stocks and bonds may be punished. and those who have petied his schemes suffer. But a ng of inflated Xk 3 uction in 1902, amount. the United States fur- per cent product