The San Francisco Call. Newspaper, April 15, 1901, Page 4

a4 THE SAN FRANCISCO DALL, MONDAY, APRIL 15, 1901. Che Skse< CEall. APRIL 15, 1901 ONDAY 7 ~ JOHN D. SPRECKELS, Proprietor. o8 t» W. 5. LEAKE, Mazager. Address All Communi MANAGER'S OFFICE. . l‘l'nLlCA'l'lO!’\' OFFICE. ..Market and Third, S. Telephone Press 201. EDITORIAL ROOMS. ....217 to 221 Stevenson Telephone Pre: Delivered by Carriers, 15 Cents Per Week. Single Coples, 5 Cents. Terms by Mail, Including Postage: »ATLY CALL (including Sunday), one ¥+ DAILY CALL (including Sunday), 6 months. DAILY CALL (including Sunday), 3 month By Single Month.. DAILY CALL WEEKLY CALL All postmasters are subscriptions. ! Sample coples will be forwarded when requested. | Mail subscribers in ordering change of address should be | sarticular to give both NEW AND OLD ADDRESS in order | to insure a prompt and correct compliance with thelr request. | .. ...1118 Broadway OAKLAND OFFICE . €. GEORG Menager Toreign Adverti (ong Distance Telephone KROGNESS, . Marquette Building, Ohicsgo. “Central 2619.”) NTATIVE: NEW YORK REPR! .Herald Sq €. €. CARLTON. . NEW YORK REPRESENTATIVE: STEPHEN B, SMITH.........30 Tribune Building EW YORK NEWS STANDS: A. Brentano, 31 Unlon Squarc: N Waldort-Astoria Hotel; Murrey Hill Hotel CHICAGO NEWS STANDS: Sherman House, P. O. News Co.; Great Northern Hotel; Fremont H Auditorium Hotel. AMUSEMENTS. Orpheum—Vaudeville. East Lynne.” Grand Opera-hous Columbla—""More Than Queen California—*The County Fair.” Fischer's— Vaudeville. Tanforan Park—Races. AUCTION SALES. By Occidental Horse Exchange—Monday, April 15, Horses, 21 Howard street. Iy G. H. Umbsen—Thursday, April 15, at 12 o'clock, Busi- nese Property, at 14 Montgomery street. at . _—— T0 SUBSCRIBERS LEAVING TOWN FOR THE SUMMER. Cnl! subscribers contemplating a change of residesce during the summer months can have their paper forwarded by mail to thelr new addresses by motifying The Call Business Office. This paper will also be on sale at all summer | resorts and is represented by a local agent in | CONDITION OF BUSINESS. HE markets of the country showed more or less l irregularity last week. The iron and steel trades showed the greatest strength, and while the pro- auction of pig iron is very large, approaching the maximum of last year, stocks continue to decrease. Fiuished products are very active and most mills arz scld fully up to July. The export demand has fallen oft somewhat, though some good orders are still being | received. The decrease in stocks during the past six months foots up the large total of 203,656 tons, and | when the enormous production is considered some | idea of the activity in the iron trade may be gained. The other staples ¢o not make such a brilliant | exhibit. Cotton is laboring under the burden of low prices, and there is some talk of reducing this year's acreage, though planting is apparently going on as Cotton products, however, are show- actively as ever a little more strength, which leads to the hope bedrock been touched. Wool continues quiet, and the New England mills have suffered from | eniorced idleness on account of high water in t The boot and shoe trade is reported good in the West, but in the East business is falling off again. Wheat was weak and declining for some days, an the Gov that has rivers i very bearish crop report, showing fine crop prospects almost everywhere, It produced no effect, however, and the market actuaily hardened at Chicago on the day of its issuance, show- that it had been discounted. Fluctuations in wheat, however, have been narrow for some time, and with all the appreciations and depreciations the market does not get much away from $1 per cental | ecither way. Hides continue weak and depressed, and in this market stocks are accumulating. Provisions are weak one day and firm the next at Western cen- ters, but stocks are stili light all over the country, owing to the scarcity in hogs, and the general tone of the market is firm, while prices are abowe the nor- mal: Livestock of all descriptions is also higher th: the average for a number of years, though a declin- ing tendency is noted in mutton. In general trade the Northwest and Pacific Coast cantinue to make the best &howing in point of activ- i*y. The Northwest reports large numbers of buyers i the towns, with a very satisfactory distributive business, both wholesale and retail. The East re- perts wholesale trade dull, but retail trade good. The bank clearings of the country gained 34 per cent over the correspondinz week last year, all important cities except Milwaukee showing an increase, the largest being 458 per cent at New York. The fail- ures for the week were 203, against 193 for the same week last year. Both sets of figures are satisfactory, the large clearings showing an expansion in trade, while the failures are comparatively few. Speculation in Wall street, while still active, is char- acterized by more conse-vatism, owing to a hardening of the money market, which, while not approaching a stringency, is still sufficient to check the recent rapid | advance in prices. This was the only feature of the week in Wall street. Our local markets have shown no noteworthy changes for several months. Business continues goad all along the line, with the exception of two or three branches. Prospects for smaller crops of fruits, ow- ing to frosts, north winds, and the failure of the trees to set heavily, in_conscqucnge of their enormous crops | last year, have given the fr.ait market a stronger tone, though no advance it prices has resulted. Rain is needed in most secticns. though no seroius damage is reported anywhere, and with an occasional spring issued rn: ent ing rain from now on the usual good crops will probably | be harvested. The Government report gives the con. | dition of the California wheat crop at 100. The ex- port business of the coast is not as rushing as it was lust year, and vessels are not as hard to obtain, byt we zre still shipping out large quantities of goods 1o F the north, south and the Orient by every steamer. No complaints of the condition of trade are being heard from any quarter. RUSSIAN PERSECUTION. N order to understand the enormity of the current [ Russian persecution of the students it is necessary to know its cause. In Russia all meetings of the people are prohibited by law. Such peaceful assemblages as are known and common in this and other civilized countries are a crime in that barbarous autocracy. A student in the University of Kiev had robbed a | woman of some personal property. The students felt his conduct as an imputation and stain upon thein | all, and held an orderly meeting to take measures to clear themselves and their school of any ill-repute that | might result from the crime of one of their number. The meeting was quiet and no conclusion was reached. But it was against the law to meet at all. Five of the students who participated were arrested and put in prison, and 2 number of others were repri- manded. No student of Kiev had before been put in a penal cell, unless guilty of a crime against person | or property. Another meeting was held, ‘at which it was resolved to ask the university authorities to remit the severe punishment of their comrades. The rector of the university refused to grant them an | audience, whereupon they resolved to stay in session urtil he would see them. the Cossacks and soldiers arrived with General Novit- zky, head of the police, and many other officials. The | troops present and under arms numbered 800. The rector appeared, refused the request of the students, and they quietly dispersed: But their names were teken, and for doing jnst what we have narrated and nothing more, two hundred of these young men have been condemned to the barracks, which means mili- tary servitude of the most degrading and galling nature, The sentence was not by a regular court of law, but by a court-martial, though the condemned were civilians and therefore answerable to the civil courts orly. When this miserable outrage was committed on the students at Kiev, others in the universities at St. Petersburg and Moscow expressed sympathy for the hapless lads, and for this have been shot down, their ‘flcsh cut by Cossack whips and their lifeless bodies trampled in the snow. It is a condition of aflairs which, considered in its origin and consequences, should rouse the indignation of the world. If it be possible to make a govern- ment feel the contempt of mankind, Russia should have that sensation. The student bodies of the United States should in some organized way express their sympathy for their fellows, the young men and women of Russia, who ate denied rights so commonly erjoyed here that to abridge them would be instantly resisted. The Russian studeats have no arms, no means of defense. They are herded by the most beastly sol- diery that ever defiled the earth by marching on it, with no human instinct and with habits that the s of the field do not disgrace themselves by ticing. ” Let the world's rage and contempt for such a gov- ernment be uttered by the students of the free coun- tiies, and let those of the United States lead. o e e When the Democrats of St. Louis nominated a gold-bug candidate for Mayor, Bryan predicted that his election would encourage every “reorganizer” in the party to work harder than ever to overthrow the present leaders; and for once he predicted correctly. | As a prophet he is improving, but it is doubtful if he enjoys the improvement. SPRINGTIME IN THE EAST. ROM all parts oi the country east of the Mis- ssippi and north of the Ohio our exchanges come to us filled wth wailings over a wild and stormy spring. There was rain on Easter Sunday, s0 the church parade was spoiled, and since then there have been bigger ra that have done even worse damage. A All cver New England the rains have been so con- tinuous as to raise the rivers to flood height. On bril 7, Easter Sunday, it was announced from Maine that the Penobscot was then higher than for many and was still rising. The waters of the romantic Kenduskeag were roaring and carrying bridges down to the sea. The Piscataquis, the Great Ossipee and the Little Ossipee were also raging, and all the towns along them were in the swim. New Hampshire, Vermont and Massachusetts were no better off. Their rivers were as uproarious 3s these of Maine. Many of the mill towns were flooded, and repcrts announce that mill after mill was shut down Dbecause of the floods. The damage, though not great in any one locality, was in the aggregate a very heavy one, amounting to many millions of del- lars in value, and several lives were lost. While these disasters were occurring on land the coasting vessels suffered at sea; for the rains were rcompanied by storm winds, and there was' scarcely a danger point along the New England coast that did not have wreck to show the fury of winds andi waves. Southward and westward from New England come tales of a similar purport. Spring has come to all that wide region beyond the Rockies, but it has brought no ethereal mildness. Storms, rains, ireshets, floods and thunderbolts have taken the place of the April showers that have gladdened the Pacific Coast, and the pecple are feeling in anything rather than a picnic hrmor. Nor have the inhabitants of that section much better things to look forward to. As soon as the spring tempests are over the heats of summer will come, and then the folks who are now swearing at the wind will be sighing for a zephyr. Truly, there are good people who remain in the East, but the wise ones come West. : THE EASTER FLOWER TRADE. ONSERVATORIES, hothousess and other C means devised by modern science and ingenuity have made it pcssible to produce nearly all sorts of flowers at all seasons in even the coldest parts of the civilized world. Such flowers, however, are | costly. They are luxuries which only the rich can enjoy in profusion. Consequently, where there is a wide popular demand for early flowers in cities un- | favored by genial climates, it is necessary to import them. New York consumes many thousands of dol- lers worth of impérted flowers at each returning Faster, and the trade is one of considerable value to the communities that furnish them. This Easter there appears to have been a serious shortage in the supply of lilies, the blossom which custom has made the chief flower of Easter decora- icns. The New York Times, in reviewing the flower trade of the season in that city, notes the decline in the supply of lilies, and says: “They were high in price and not generally of good quality. Florists sai¢ that the rain and clouds of the week had inter- fered with the plans of the growers, who were trying At 8 o'clock that evening ! l‘to force lilies into flower for the Easter trade.” It +is added that to make up for the lack of lilies “many | novelties appeared to iuke their place and found great : favor. Hyacinths of colors never seen before attractsd ;att:ntion, with gorgeous azaleas and violets. * * * | One Broadway florist irtroduced the Chinese heather, | a small bush of bright g-een foliage, the sprays tipped | with tiny pink flowers, which closely resemble porce- | l2in.” Another point of interest in the report s that com- paratively few Bermuda lilies were seen in the New York market this year. A florist is quoted as saying: | “The plants of the islands seem to be afflicted witia | some blight that had been increasing steadily during | the last few years, the effect of which is that they no longer send up the long stalks so necessary to set | ofl the showy blossoms, but carry their flowers within a few inches of the ground. The lily industry of Ber- | muda, therefore, has run principally to producinz bulbs for shipment, and these, transplanted to Ameri- can soil, seem to be free from the trouble.” It is a far cry from California to New York, but improved transportation methods are rapidly over- ccming the distance and the time required to traverse |it. Perhaps.in the near future New York may draw her Easter flower supply from this coast, and then rick and poor alike can always be sure of having | enough and of the very fairest. : i According to our Consuls, Germany has in opera- tion an electric motor tiain that covers 125 miles an ‘;hour. and the English are to put one in operation | that will make the trip from Manchester to Liverpool, a distance of thirty-four miles, in twenty minutes. 1t will be seen that Uncle Sam will have to get a move on or he will lose his veputation for speed. THE TOULON FESTIVITIES. ROM all international festivities there naturally Fgrow sanguine h?pe of lasting intérnational friendships. The men of the different nations who meet together where wine flows free and musiz fills the air, where every accessory adds to the joyous- ness of the time and promotes good will to all the world, find so much of congeniality in each other that they can hardly avoid becoming victims of ‘the delusion that between their own people and the peo- ple of their new-made fiiends there can never more. be ill will or antagonism. Such being the nature of men it is not strange to learn that the French and the Italians who shared in the recent festivities at Toulon have concluded that between France and Italy there is now to be lasting amity and an understanding that will virtually amount to an alliance. One of the enthusiasts, the editor of Figaro, exultant- ly says: “If any one ten years ago had predicted to the French that the day would come when Italian sailors weculd be acclaimed at Toulon, when the uncle of the King, at the head of a squadron, would pay a visit to the President of the republic and would be re- ceived with enthusiasm, that person would have passed for a lunatic.” After recounting the various expressions of antagonism between the two countries at that time, he adds: “Those unhappy days are passed. Italy has no longer any fear of our inter- | vention, and we, on our side, no longer wish any harm to the ally of Germany, for at bottom we no longer | hate Germany. Our soldiers are fighting side by side | with theirs, and our capitalists are disputing who will | lend Germany money.” Even persons at a distance have been affected by the spirit of the fete, and St. Petersburg authorities are reported as declaring that, while they do not anticipate a French alliance with Italy as the outcome of the festivities, they deem it quite likely that the friendship there affirmed will cause Italy to modify the text of her treaty with Austria and Germany, so as to make it less inimical to France; and conse- bquemly that the important results will flow from the new feeling of international friendship. Sanguine expectations of that kind are always preserving the peace of the world by promoting friendliness among the peoples of different nations is always gratifying. People who are lacking in enthusiasm of temper will, however, be doubt- ful of any important results flowing from what is. after all, but a holiday merry-making. The very quickness with which the French have put aside their attitude of watchfulness against Germany and Italy is itself a proof that as soon as any change comes over them they may just as quickly pass once more to an attitude of antagonism. Inter- national diplomacy cannot permit itself to be affected by the passing impulses of the general mass of people. It must be based firmly upon the permanent interests of nations, and not until those interests are more har- monious than at presant will there be any consider- able alteration of existing alliances. France and Italy kave had a good time in their mutual interchange of courtesies and hospitality and should rejoice in it with- out counting too much on the future, T Our Mexican friends who are imprisoning Ameri- can trainmen without trials should have a care, as Uncle Sam is in no mond to trifle with those who mal- treat his citizens. The time when Americans abroad could be subjected to the insults of foreign Govern- ments appears to have passed. The tragic expression, “didn’t know it was loaded,” which has told the story of many deaths, has been sup- plemented by one used by a boy whose trifling with an elevator lever cost a human life in a local build- ing. The boy says he “didn’t think anybody would get hurt.” In Great Britain and in Germany there are societies organized to promote the emigration of women, and in both countries the business is said to be brisk. They have, therefore, one export trade in which the United States is not likely to compete with them for a long time. ; The United States Investor says “the United States steel corporation is on its face an attempt to rush the people of this country off their feet,” but to a mdjority of observers it has appeared more like an effort to knock the feet from under the people. Russia says Manchuria swarms with robbers, and that her troops are needed to protect life and prop- erty, but China says Russia is herself a robber; so there ‘appears to be a gcod issue in sight for inter- national arbitration. it is said that President McKinley will make an- cther effort to bring the Cubans to their senses and will try to talk them into reason. Our Cuban proteges will show wisdom if they do not press the matter past the talking stage. The removal of Aguinaldo from the position of chief sprinter of the Filipinos leaves a chance open for some other fellow to get in and try to break the record. . ; pleasant to contemplate. Anything which tends toward | COPYRIGHT, 190L IX.—JOHN J. MITCHELL. When Eastern capitalists seek a Chicazo outlet for their money they send their con- fidential agents, their engineers, their au- ditors and their legal counsel ta report on the details. But when all the surveys are made and all the “expept opinions™ are in then they come in persofi to lay everything before John J. Mitchell, whose judgment and sagacity outwelgh much technical verblage. Then they are ready to act. No considerable financial operation has been worked out in Chicago during the last decade—certainly none since the World's Columbian Exposition—without an assenting opinfon from his lips or the sanction of his remarkable judgment. Bu® he is much more than adviser—his is the comprehensive mind in which are evolved the endless minutae of great financial un- dertakings: and small, indeed, is the do- tail, trifling the contingency, which he does not anticipate and provide against. If the dynamic unit of Chicago financial life is sought for, go to room 9, Illinols Trust and Savings Bank, where John J. Mitchell presides. Mr. Mitchell began his career as a banker twenty-seven years 2g0, or,. to be exact, on May 7, 1873, in an tnpretenitious little' savings bank which led a precarious existence in a room at the northwest corner of Madison and Market streets, Chicago. He was 19 years old the Gay he took his place on a high stool bi- hind the dingy grated window, above Which, in newly painted letters, sleamed the words ‘assistant teller.” His auties combined those of messenger boy, office boy and collector. His salary was $5 2 month. To-day he is personally the man- ager. as for years past he has beed the guiding spirit, of the richest. busiest and most influential bank west of New York. The National City Bank of that city is the only one in the United States that has a greater volume of as highly profitable business. Managing a Great Bank. Ask any of the directors and stockhold- ers of the great institution at Jackson houlevard and LaSalle street, “Who ‘s | chiefly responsible for the phenomenal success of your bank?” and he will quick!y answer, “John J. Mitchell.” When he first took in hand the reins of manazement the capital of the little bank was only $100,(0) and the stockholders, tired of its failure to earn a decent percentage on their invest- Iuents, were eager to wind up its afars To-day its resources aggregate about $Td.- 000,000, its stock commands an extraord- inary premium and its name is a synonym for all that is safest, wisest and best in the banking and trust business of the United States, The young man—he is but 46—who has i accomplished all this did it by no fierce {and wasting efforts of his own cr of oth- lers. He did not sit up nights or cmne to his desk at dawn, nor did he expect extra- ordinary performances of those associated with him. He did not fume or scold or worry when his bank was emerging from obscurity in_the trying days of the early s, nor did he lose heart when to most of his board of directors it seemed that the | struggle against powerful competition was too severe for ultimate success. The same imperturbable, graclous calmness which distinguished him then characterizes him now. There are no wrinkles on his brow, the light and colors of youth are yet in his face and care has made no marks upon him. For the last ten vears he has been re- cognized as the representative financier of the Great West. In London and Parls his | name is better known than that of his | bank. His splendidly appointed offices in Chicago have been for years the informal meeting place of Chicago and Western millionaires who made a practice of "drop‘alng in" casually to chat over great financlal projects, feel the pulse of the money world and “talk business’ with the young bank president because they be- lieved him to be the most alert, the most conservative and the best informed finan- cier of them all. James J. Hill, J. P. Mor- gan, James Stillman, Levi Z. Leiter, Mar- shall Fleld, P. D. Armour, W. L. Elkins, Norman B. Ream, John W, Gates, E. H. Harriman and other great factors in American financial affairs, past, present !and future, have found his suggestions | and opinions sound and profitable, and out of long and happy business relations of { this kind has grown a_unanimity of re- | spect and regard for Mr. Mitchell which | makes him the trusted financial adviser of men whose ties are few and whose inde- pendent minds brook little advice. Boyhood and Youth, Mr. Mitchell is the eldest of six children of William H. Mitchell, vice president of the bank of which his_son is president. He was born in Alton, Ill, on Novemb * 2, 1854, and he may have inherited a_love if not a genlus for banking, for his father was then regarded as a leading financier and was president of the First National Bank of Alton. Being the son of a rich man, as wealth was estimated in those days, he had the advantages of a good home and the opportunities of education. His parents were of quaker origin. It was a very old-fashioned household, and the children seemed to flourish morally and physically in it. When he was 16 years old he was sent to the Union Wesleyan Seminary at Kents Hill, Me,, and after two years to the Waterville Classical Institute. His father was willing 1f not anxious to have him complete his collegiate course and g0 to a university, but the son preferred to “do something.” It was about th's time that the Illinois Trust and Savings Bank was organized, with L. B. Sidw:y as president. ~ Willilam H. Mitchell moved to Chicago with his family, was one of the orlginal stockholders iu the bank. John, coming home frowm school at this time, eager for work and and with the advantage of a quick intelli- gence, a practical education and his fat er's good name, was appointed to a hui. ble position in the bank. There were not more than half a dozen clerks in it, and young Mitchell quickly displayed a willingness_to turn_ his hand to the least attractive duties. He had the rare quai- ity of concentration, and whether stick- ing stamps or doing what seemed then to George Myers, Altobacconlat of Fresno, is at the Lick. Cecil H. Fuller of Suffolk, Conn., is at the Grand with his wife. Mrs. Willlam Hammond of Livermore is a guest at the Occlidental. George H. Stewart, a Los Angeles mer- chant, is registered at the Grand. n W. B. Scarborough, a business man of Los Angeles, is staying at the Lick. neh, County Assessor of Butte, s regietered at the Lick from Oroville. Dr. Haultain of Macleod, N. W. T., is at the Occidental, accompanied by his i 1 freight nt of the urr, general ght age: N::vn o;ofk Cefi‘t‘}tfl line at Los Angeles, is at the Lick. ’ Rev. Willlam Ashmen, a missionary of Yokohama, Japan, !s registered at tha Occidental with his wife. > Judge Moses M. Granger of Zanesville, Ohio, is in the city wiin his wife. They will be the guests durine the next ten days of General and Mrs. H. B. Freeman at the Presidio. Judge and Mrs. Granger have been spending a few weeks at the places of interest in the southern part of the State. —————— Cahill—-Was the strike a success? Cassidy—It was. After being out six weeks we succeeded in gittin’ back our jobs.—Puck. L SUMMER RATES at Hotel del Corcnado, Beach, Cal., effective after April 15, $60 for round trip, Including 15 days at hotel Pacific Coast S, S. Co., 4 New Montgomery st. @ e @ PERSONAL MENTION. |ANSWERS TO QUERIES. PAPERS ON CURRENT TOPICS. PREPARED BY EXPERTS AND SPECIALISTS FOR THE SaAN FrANCISCO CALL. « Ninth Afticle of Series on “The Opportunity and the Man,” Dealing With the Career of a Chicago Banker, him the important work of calling off items to the teller, he did it with his whole heart. Working Up the Business. Being modest and cheerful, the other clerks did not deny him the information which they had spent years in mastering. and while he, was running errands for the bookkeeper, the teiler and even the col- lector, he was learning the details of each superior's duties. \When he was pro- moted he did not learn to despise the mes- senger boy, but rather went out of his| way to help him. | 1 In 1875 the bank moved to Clark street, | between Washington and Madison, and | Mr. Mitchell, still a teller, came to Le | recognized as a valuable influence in_ tite institution. He knew more about things connected with the bank than any of his colleagues, and his influence at t window came to be felt in increased de- posits and new customers who asked for “John.” In 1878 the Fidelity Bank failed. and the Illinols Trust and Savings Bank removed into its abandoned quarters on Randolph street, being encouraged to ex. pand by a gradual growth of deposits and credit. H. G. Powers became president upon the retirement of Mr. Sidway that year, and John J. Mitchell was advanced to the position.of cashier. But then trou- blous days came for the savings banKs, and the small earnings of the struggling institution fell away. The capital stock, which had been made $500,000, was reduced to $100,000, and many of the discouraged stockholders, prophesying disaster, urged the dissolution of the business. Becomes a Bank President. It was then that the cheerful and well- considered opinions of young Mitchell came to be of dominant weight in the directors’ room. He had plans for the safe enlargement of the business, saw where imperfect methods could be improv- ed and lost opportunities regained. His suggestions were adopted and the fading profits of the bank came back in larger measure: no loans were made except upon sound collateral, the bank reached out £or new business and got it upon the most conservative basis. In 1880 Mr. Powers retired and the ques- tion of choosing a new president became all important to the success of the insti- tution, then fn the most critical stage of its career. John J. Mitchell was only 26 years old, yet a majority of the directors at once agreed that he was the man for the place. His father and a few of the other directors said it would be ridiculous to place a boy at the head of a bank. A well-known, wealthy man of long exper- ience and of standing as a financier was what they wanted. Finally the adherents of young Mitchell prevailed over all but his’ father, who continued to insist that John was too young. Some members of the board finally said that they would,| withdraw if the appointment was not made. They had been leaning upon his judgment and profiting by his efforts and they would have no other man for their | president. So the elder Mitchell was compelled to acquiesce. Building Up a Great Business. That the confidence placed in him was merited became quickly evident. Ener- | getic and unhampered work by the young Jresident soon brought the deposits to 1,000,000—a wonderful showing for a new bank at that time. In 1588 the business of the bank had increased to so great an ex- tent that its old quarters was no longer sufficlent and the ground floor of the | Rookery was chosen for the place for | the third removal. The capital stock had | been increased to $2,000,000, a sum twenty | times greater than the capital of the in- stitution when Mr. Mitchell began to take | Azt In its direction, and its surplus was | ,500,000. Its quarters became one of the | show places of Chicago, and even Presi. dent Mitchell and his most optimistic ad- mirers did not then believe that the bank | could ever outgrow its new home. For twenty vears President Mitchell has been so much’ the head and motive power | of the Illinois Trust and Savings Bank | that its history is his history. Until three | years ago his vacations were few and | short. He was married in 1890 to Miss Louise Jewett of Cambridge, Mass., but | even his honéymoon dld not keep him many months from his office desk. The business grew until he saw within reas- onable possibility the chance to make of it the greatest banking institution in the United States, and with complacent and cheerful determination he seems to have fixed upon his ambition. Always of do- mestlc tastes, he all but forsook his clubs after his marriage. Retalning his youth- ful fondness for animals, he installed ot his home a stable of good horses, and for years his chlef recreation has been driving In the parks and boulevards with his wife and children. The Great Financier of To-Day. The later history of the growth of Mr. Mitchell's bank s familiar to financiers. When the space In the Rookery became too confined for its expanding business the directors, advised by the president, determined to secure a permanent home and one that would surpass any similar structure In the world. ~The building the northeast corner of Jackson Boule- vard and La Balle Street is the result. It cost nearly $750,000 and is by architectural crities conceded to be the most beautiful and most complete bank bullding in the world. Every feature of its plan and every detail of its construction received the personal attention of President Mit- chell himself. Soon after the' completion of the new bullding his health was threatened and he took the first long vacation of his busi- ness career. His vigor soon returned and with 1t renewed ambition for the future of his bank. Recently he has become in- terested with Mr. Yerkes in rapid tran- sit enterprises for the City of London. He is a director in the Chicago and Alton Railroad, which was founded by his fath- er; in the Kansas City Southern Railway, the Traders' Insurance Company, the Chicago Edison Company, the Northwest- ern Elevated Company, the United States Brewing Company, the Commonwenith Electric Company and the Pacific Ameri- can Fisheries Company and is a member of the board of managers of the Chicago l;rar‘:ch of the Audit Company of New ork. SPAIN'S FINANCES—G., Oleander, Cal. The public debt of Spain is $1,963, 261,625. The anual revenue is $167,469,640 and the annual expenditure $161,090,3%0, GUAM—S.,- Gilroy. For information relative to the climate of Guam and trade conditions address a communication to the military governor of that place, HALF DIME—A. O. 8., Newcastle, Cal A half dime of 1854 is not a coin for whier, dealers pay a premium. They sell such at prices varying from 20 to 40 cents, ALLEGORICAL FIGURES-—Subsery City. The allegorical figures «?x‘: the 3.’: lars at the entrance to The Call buflding are not “of artificial stone put on to the | i pillars.” They are carved out of i the solid SIERRA MADRE—C. S. City. A cor- respondent suggests that Sierra Madre as applied to a mountain range may mean “‘serrated like the teeth of a saw,” ang that Slerra Madre may mean ‘“serra mountain range.” This d me,“d the suggestion for what t?l‘sn"‘:‘;r'tl;. STRAIGHTS IN DRAW PO; City. Hoyle lays down the fe h: r:g;fi toflllnlgl’:’t- in straight is five cards Genomination: the carde meEli order of ent sults. A straight will beat tripiets. THE SAMOA—W. K. Oakland, C: The steel pests which project up from l:: deck of the steamer Samoa are stanchions, Sl“:l(lwend.! l‘!"i attached ‘n ?hs m-idu 2 or the of 1o cattle £ ransportation s rE e e & R—A. D., lowing rule draw poker: WORLD'S NAVAL NEWS R orman battleships on the C:I;i :::triog will soon be order!::nr‘mn;; for refit. ‘Their present arma heavy guns will be removed and batteries of six-inch quick-firers substituted. e 8 The Japanese armored cruiser Iwata, launched at Elswick March 29, 1300, was handed over to the Government on March 18 last and left the Tyme for Plymouth on the following day, to proceed for home. The Iwdta is 900 tons, is fitted with Belleville boilers and has a speed of twenty-one knots. The Vickers-Maxim Company, at Bar- rows, has declared a dividend of 20 per The directors recommend an in- cent. crease in the ordinary share capital to $11,000,000 and the issue of 200,000 new shares to the stockholders. The business of this company Is almost exclusively in warships and war material, and it is prob- ably the best raying dividend concern of its kind in the world. . The Olga, third-class cruiser in' the Ger- man navy, has been fitted out for a gun- nery training ship. An upper deck has been added and she is mow armed with eleven quick-firers and eleven machine guns. The hull is built with iron frames planked with wood and coppered, and al- though over twenty years old is still good or many years' service as a sea-going gunnery ship. &5 There has been a commendable rapldity in shipbuflding in French dockyards of late years, notably In that of the armored cruiser Jena, of 12,02 tons, built at Brest. The vessel was begun in January, 1388 launched in October of the same year and completed for sea by January 1, 1901. Rus- | sia has likewise done some quick work. having laid down, launched, completed and sent out to the China station the arm- ored cruiser Gromobol, of 12,33 tons, while England during the same time has been unable to complete some of the 11,000-ton cruisers, one of which is still at the dock- yards, and all of them more or less un- satisfactory as to general results. o e Newfoundland fishermen have frequent- ly asked through the home Government for permission to join the Royal Naval Reserve of Great Britain. and the Admir- alty has finally decided to send a crulser to St. Johns to serve as a training ship. The vessel selected is the Calypso, sister ship to the Calliope, which was the only war vessel that weathered the Samoan hurricane in 1889. Probably no finer ma- terial for war personnel exists than among the brave and hardy fishermen of the Newfoundland banks, and the United States Government ought to hold out en- couragement to the equally efficient sea- faring population of the Maine and Mas- sachusetts coasts to organize a naval re- serve for this country. e An armored cruiser named the Victor Hugo is about to be built for the French navy. Its tons displacement is 12,550, length 480 feet, breadth 70 feet 3 inches. Her armor protection will be an all- around belt 6.69 inches, protective deck 2% inches and upper deck 1% inches. The armament includes four J’%-inch guns in two turrets, sixteen 6%-inch, of which twelwe are placed in six turrets, twenty- two three-pounders and two machine guns. All guns of the main battery are quick-firers. The main barbettes are 7.87 inches and the other barbettes 5.51 inches. Triple screw engines of 27,500 horsepower will propel the ship at twenty-two knots' speed. The complement is 6% crew and 38 officers, and the total estimated cost, in- cluding guns, is $5,849,700. . . . . During the past ninety years only threa commissions as lieutenants have been given to ranksrs (warrant officers) in the British navy, while during the same pe- riod over 6000 Lave been awarded to the same class of men In the army, many of whom have since risen to the higher grades, while the three in the navy have not been permitted to get above sub-lieu- tenant. The Admiralty has now been pe- titioned by the chief and warrant officers that the honorary rank of lieutenant now granted to chiefs on retirement who have served three years in that rank may be granted to officers on the active list hav- ing three years seniority as chiefs, that greater facility be given to young war- rant and petty officers to obtain the rank of lieutenant and that increases of pay be allowed. These claims are strength- ened by the circumstance that during the past six years ahout 200 mercantile ma- rine officers, with little or no knowledge of the intricate routine and mechanism of the navy, have been Introduced as “supplementary lleutenants,” while rank- ers from within the navy have been re- fused a similar recognivton. . A CHANCE TO SMILE. The Chinese say that the Christian na- tions steal. Not that; it Is only thelr craze for collecting antiquities.—Indian- apolis News. Yeast—I never think of going to sleep without putting on my nighteap. Crimsonbeak—It must look funny te gee you wearing a nightcap in chureh.— Yonkers Statesman. “Yes, my grandfather lald the founda- tion of his fortune by running a trading boat on the Ohio canal.” “Oh, I see. He condiucted a bargain sall.” Cleveland Plaindealer. “Mamma,” querfed little Tommy, “can a door tal “No, dear, of course not,” was the reply. ““Then,” continued the youthful infor- mation seeker, “why did you tell Jade to answer the door this morning."—Chicago Journal. At Iola the mana; ger of the opera house has issued a notice to the effect that he will cause the arrest of any one,who spits on the floor, whisties, yells ab the ace tresses or éats peanuts. And yet this man has the exalted nerve to call his house a “place of amusement.”—Kansas City Journal. . —_—— Choice candies, Townsend's, Palace Hotel.* —_———— Cal. glace fruit 50c per Ib at Townsend's.* —_——— Special information supplled daily to business houses and public men by the Press Clipping Bureau (Allen's), 510 Mont- gomery street. Telephone Main 1042. * — Little 3-year-old Alice stood watchiye her mother baking pancakes. After a few moments’ silent observation she said: “Put on back, turn over on stomach, then eat.”—Chicago News. ADVERTISEMENTS. A GOOD STORY A certain young lady in del- icate health was advised by her doctor to take a half-teaspoon- ful of Scott’s emulsion of cod- liver oil after dinner—once a day—and found herself almost suddenly growing robust. So small a dose is by no means the rule; the rule is whatever the stomach will bear —not more. Another rule is: take it on every least occasion, but not too much; don't over- do it. We'll send you a little to.try, if you ke, SCOTT & BOWNE, 409 Pearl street, New York