The San Francisco Call. Newspaper, August 19, 1901, Page 4

4 THE SAN FRANCISCO CALL, MONDAY, AUGUST 19, 1901. The " ..................... AUGUST 19, 19017 MONDAY. JOHN D. SPRECKELS, Proprietor. Address All Communicaticns to W. 8. LEAKE, Manager. GER’S OFFICE........Telephone Press 201 M PUBLICATION OFFICE...Market and Third, §. F. Telephone Press 201. EDITORIAL ROOMS.....217 to' 221 Stevenson St. Telephone Press 202. Delivered by Carriers, 15 Cents Per Week. Single Copies, 5 Cents, Terms by Mail, Including Postage: DAILY CALL (including Sunday). one year... DAILY CALL (inpluding Sunday), 6 month .00 | DAILY CALL (including Sunday), 3 month: 1.50 Y CALL—By Single Month.... 65c DAY CALL One Year.. 1.50 WEEKLY CALL One Year.. .- 100 All postmasters are authorized to receive =ubseriptions. Sampie copies will.be forwarded when requested Mail subscribers in ordering change of address should be particular to give both NEW AND OLD ADDRESS in order o insure a prompt and correct compliance with their request. VAKLAND OFFICE ...1115% Broadway C. GEORGE KROGYNESS, Yaneper Voreign / évertiein~, Waroue'ts Building. Mhisagy (Long Distance Telephone *‘Central 2619." NEW YORK CORRESPONDENT: C. C. CARLTON. . Herald Square NEW YORK REPR STEPHEN B. SMITH. ATIVE: Tribune Building NEW YORK NEW Waldorf-Astoria Hotel; Murray Hill Hotel CHICAGO NEWS STANDS: Sherman House: P. 0. News Co.; Great Northern Hotel; Premont House: Avditorium Hotel. STANDS: A. Brentano, 81 Union Square; AMUSEMENTS. sdevilla ¢ Huntworth’s Experiment ™ A Silver-Mounted Harness. Grand Opera-house—"‘Brother Officers.” Central—*'Men and Women Tivoli—*'Barber of Seville.” California— “Barbara Freitchie.™ Olympia. corner Masoy and Eddy streets—S pectalties. Chutes. Zoo and Theater—Vaudeville every afterncon and eveninz Aicarar— By S Watkins—Tuesday. August 20, snd Wagons. at 1140 Folsom street By Wm. G. Layne—Thursfay. Avgust 2, Fine Road Hors:s. nt 721 Howard street at 11 o'clock, Horses at 11 o'clock, 10 SUBSCRIEERS LEAYIG TOWN FOR THE SUMMER. | . ©ali subseribers contemplating a chanze of residesce during the summer months can haye their puper forwarded by mail to their mew eddresses by notifyinz The Call Business Office. This paper will alxo be on sale at resorts and is represented by a local afjent im Il towess on the coast. FLATTERING COMMERCIAL CON- DITIONS. T is seldom, even in the most prosperous times, l that trade reports are so uniformly cheerful and promising as they were last week. From all parts of the country came flattering advices, accom- panied by sanguine expectations for the future. The damage to the corn crop of the West and Southwest, which hung like a cloud over the railroad interests of those for six weeks and gave many a qualm to Wall street, has been definitely ascertained and a ged for and as the Government report gives ition of the crop at 34, or a little over half a crop. there is a better tone to railroad shares and less demoralization among business men over the four or five corn States. While, with the exception of wheat, the crops—cereal and fruit—of the United States will be smaller this year, the demand for produce is so brisk that it is expected that the increased prices will fully offset the diminished yield. In fact, cereals and hog products are already higher and all show more or less firmness, while the demand for fresh and dried fruits, canned fruits, vegetables, etc., throughout the East and West is the Leaviest ever known. As already mentioned in this column, California is an immense gainer by this demaad and is receiving more orders for the above products than she can fill. This is evidently the California farmers’ year. The only two negative elements of the situation, as reported by the different commercial agencies, are the strike at San Francisco and the recent heavy storm along the Guli of Mexico, which has done more or less damage to crops and property, though the loss to the former is not alarming. The steel strike is not as severe in its effects as anticipated, but talk of a textile strike has unsettled and weakened cotton goods, though the raw product is unchanged. Wool continues in good shape, the raw product being firm with an upward tendency, while manufactured goods are in good demand. Boots and shoes are still in active demand and jobbers are complaining of slow deliveries—a good sign, as showing active opera- tions at the factories. Leather rules firm, but hides have lately shown some weakness, as the recent hot and dry weather in the Southwest led cattlemen to rush large droves of cattle into market, which gave 2 temporarily large increase to stocks of hides. Since the weather has improved, however, the retail trade of the West and Southwest has exhibited a corre- sponding improvement, while the distribution of merchandise throughout the East is reported satis- factory. These conditions are affirmed by the coun- try’s bank clearings, which showed a gain last week of 32.3 per cent over 1900, every city of importance reporting an increase, though the individual gains were not as heavy as has been the rule for several months. The failures for the week were 178, against 168 last year, and were generally small and unim- Portant. Conditions in California, barring the disturbance due to the strike, could hardly be more flattering. Our crops are- just about large enough to be easily manageable and profitable without being actually short, if several kinds of fruit, such as prunes and pears, which are too short, be excepted. Prices of grapes for wine are unusually high and the demand for them is keen. As for potatoes, we cannot get enough of them to satisfy the demand for Texas and Missouri points. The canners report a firm and active market for their output and the wool-growers are in good spirits over a demand which keeps the market well cleaned up. Prices for beef, matton and pork are still much above the normal and the stackmen are making money. In fact, the market reports of the newspapers bristle with allusions to firm and active markets for almost everything raised in the State. Under these conditions money is plentiful, credits are easy, failures few and small and the tone of trade sanguine. section’s TO SACRIFICE CALIFORNIA. ROM the general offices in Chicago of the F National Business League there has been cir- culated a pamphlet containing the constitution and official directory of the league, together with a statement of the more important work in which it is now engaged. In the programme Californians will mote with interest that the league urges the adop- tion of the French reciprocity treaty as it stands, under the plea that it is for the general interests of the country. In a series of resolutions on the subject adopted by the executive committee of the league it is de- clared that the schedules of the Dingley tariff are jmore than sufficiently high for ample protection to American manufactures, that the adoption of_ the {treaty will open to the United States opportunities | for greater foreign markets for its surplus of manu- factured products and increase the trade of this coun- | try with France at least $25,000,000 annuaily, and that | a failure to adopt the treaty may result in a general tariff war. | Not one of those deciarations is exactly true, but were they all true they would not constitute a suffi- cient justification for the ratification of the treaty. The protective system advocated by the Republican party, supported by a majority of the American people and embodied in the Dingley tariff, is, not confined to the protection of manufacturers. The scope of its protection includes all American indus- tries that are in need of protection. The farmer and the herdsman have rights and interests that must be respected as well as those of the manufacturer, and no scheme. of protection can rightly be called an American system unless it comprehends the welfare of every class in the community. i The French treaty is unfair to many of the in- | dustries ci this country and is particularly so to the | industries of Californ The ratification of it would be to deny to this State much of the benefits that | protection gives. Even if the people of no other | State were affected we would have a right to call for a rejection of the treaty on the ground that our in- dustries should not be sacrificed to promote the trade of Eastern manufacturers. Fortunately, how- ever, we do not stand alone In several other sec- | tions of the Union opposition to the treaty is just as ;prr\nmm:cd as in this State and it is gratifying to | note that the opposition has come largely from man- | ufacturers. In fact, the wiser men engaged in that | great branch of industry are not so stupid as to | suppose that the Dingley tariff was made for them | alone. They are aware that if Congress once departs |from the true principle of a thorqughly compre- | hensive system of protection they will have a hard | time in maintaining a1y protection at all. The issne does not need argument in’ California, where the treaty has been fully discussed and is un- watchfulness on owr part lest the advocates of the treaty get an advantage at Washington this winter. | We may be sure that there will be a strong lobby iquit(‘ willing to sacrifice California for the sake of 4 the increased trade with France and we must be ready | to guard our interests at every point. e ———— The latest development the Kansas and Ne- braska region is the holding in the rural districts of a series of meetings known as “fathers’ conferences.” The object seems to be the inculcation of a paternal philosophy relating to the training of children, the management of wives and other abstruse problems that perplex the head of the family. in HOW IT RAINS IN THE EAST. HEN the sweltering heat of the long drought had well-nigh blighted in the East v ~ everything from Kansas corn to New York politics there came from that section of the country day after day a tale of woe that was almost as har- rowing as the heat itseli. From the very exaggera- tions of those stories we were-able to learn much of the terrific nature of the hot spell. Still we did not learn it all. In fact, a truer estimate of the effect of the heat upon the minds of the people can be drawn from the outburst of gladness which followed the coming of the rain than from the lamentations that arose during its absence. Rarely have we ever had a better illustration of the truth that sorrow is silent but joy is jubilant than in | this case. The voices of the East did scant justice to the vigor with which the “sizzard,” as they call it, did its work, but they pour out a full dithyrambic pean over the rain. We have already noted the rejoicing in some of the towns of Kansas where, at the coming of the rain, bells were rung, the shops stopped work and the churches held thanksgiving services, but even that did not tell the whole tale. It is not until now that the full value and beauty of rain in the East has been-made known by the facile pens of ready writers whose task in life it is to give expression to the thoughts of the people and make articulate the emo- tions of the multitude. One ol these writers begins an account of the com- ing of the showers by saying: “And the rain came silently in the night (o the leafy caves of the tall corn end with misty eyes looked from mountain to moun- tain, bewing down over the parched ground that with cager lips. athirst lay prone and still. Pushing the leafy beughs aside with swift dew-gemmed fingers, the drcps came sparkling and insistent, and soon the | whole yearning bosom of the earth grew dusky with the hunid kisses and grew sonorous with the patter- ing feet of the busy shower. Tall trees stood motion- less in an ecstasy of rain and the joyous flowers tossed the glinting beads from their bending and bediamond- ed heads, shining up in a tremor of sheer delight like aspen stars.” good prelude to an item announcing “the rains were general all over the Mississippi Valley yesterday.” However, the writer felt that it was not sufficient for the occasion. He took another drink of rain water and resumed: “Soon the driving lines became taut like wires and came on truing to the earth like volleys of heaven-sent arrows, shooting the air with ringing fancies and beating the tender grasses with rebound- ing artillery. The little pools leaped to the union and et the gray veil that softly brooded upon the moist face of all. Fiercer and fiercer stormed the pelting, smashing rain, battering at the portals of earth as if to penetrate and be hid therein, dashing violently and with furious rage against the barriers, high wall, on pave and street as though to beat into one monot- onous flat all that opposed—and then it slackened, hesitated, and with infinite -teqdemes& bathed with slow-falling pathos the low-lying earth, all refreshed and purified now and upshining through its radiant tears like the dark eyes of love upclimbing to an all- adoring forgiveness.” Language of that kind cannot come without true feeling. Tt is fortmnate for the people of the Missis- sippi Valley, however, that they do not have such feel- \ | derstood by all interested in it. but there is need for | It will be admitted that those sentences form a very' ings every time it rains. It is only after hot spells that the showers have that effect. Were such ebul- litions frequent the great valley would soon be depop- ulated, for no people can live long on the levels of such language. We have many tall mountains and tall trees in California, but when it comes to tall corn and tall talk our Eastern brothers make us gasp and stare. When President Shaffer decided to call out the steel men in the Western mifls he spoke of them as “working in slave pens.” It appears that they are earning $300 per month in those slave pens and don't want to come out. It is probable that a great many business men would like to break into slave pens iwhere the pay is that good. i —— NORTHERN NEGROES. HE Stockton Mail denies our statement that T Né6rthern negroes are orderly and well behaved because they are part of a community in which their rights are respected, and they are part of that public opinion which makes for respectability and decency. The editor of the Mail deliberately declares that the reason is that Northern white women are complaisant to negro men, or, as he puts it: “The white woman of the South is felt by the negro to be much farther beyond his reach than is the white woman of the North, which in truth she is.” It is painful to have to quote an utterance as sheerly brutal and a libel as cruel. A man must be as beastly as the guilty negroes themselves to make such a charge against the women of any section of the country. It is partisanship gone mad to indict part of the community in which he lives in order to justify the conditions in the South which are the odium of that section. We only stated our belief that the lasting remedy will be found in the moral elevation of the Southern negro, and his advancement, approximately, to ‘the position of the Northern negro. This belief in- volves no attack upon tive habit of lynching by fire in the South or anywhere else, but is the expression | of a hope that such barbarous occurrences may cease by abolishing their cause. To answer this by such a charge as the Mail makes against Northern women | is to deserve outlawry and isolation. Tt is unfair to the beasts that perish to call the man who makes it a beast. S estimating the extent to which the debts of the world were increased during the nineteenth century, and have found reason to believe that not- THE INCREASE OF DEBT. Iwilhstanding the advantages of improved machinery, ci lization has not increased in wealth more rapidly than in debt. In other words, the nations have ex- pended during the century about as much as their poeple have carned, and if ali the debts could be called in and a settlement forced they would not be much, if any, richer now than they were a centiry | ago. According to the latest of these estimates the na- tional debt of the civilized world in 1703 was but $2,433,250,000. In 1820 it had grown to $7,299,750,000. Forty-two years later, in 1862, the amount was $13.- 382,875,000, and tweaty years later, in 1882, it had practically doubled, amounti to $26,249,001,000. The estimates for last year, 1900, showed a sfill fur- ther incfease of $5,000,000,000, the figures being $31,- 201,750,000. Tt must not be supposed that the whole of this debt represents waste. A considerable portion of it among European nations has been caused by the construction of canals, railways and other public im- provements. Studcnt‘s of the subject have noted that the increase in the debt has not always been greatest during years of war. Thus from 1872 to 1882, a period of comparative peace, there was increase of national debts amounting to the vast sum of $4,000,000,000. When all deductions for public improvements have been made, however, there remains an enormous sum that has been expended cither upon war or upon the preparation for it. France carries the heaviest burden, her debt in 1890 being $5,800,601,814. Russia stands second, her debt being $3,167,320,000, having grown from $608,312,500 sinee 184. Great Britain is third, though her debt shows a decrease from the figures of 1850, which were $4,082,506,603, while now they are $3.060.026.304. Italy comes fourth with a debt of $2,583.983,780, a net increase of $2,389,328,780 in forty years. Austria stands fifth with $1,697.255, 140, a net increase for the forty years of $1,003.042,- 640. The United States is sixth, the figures for 1890 being $1,107,711,257, a net gain in forty years of $1,044,250.483. When the amount of the debt is compared with population the heaviest burden is found in Aus- tralia, where the per capita debt amounts to $263 go. Tt is to be borne in mind, however, that the Austra- lian people have a valuable offset to their debts in the form of state railroads, for the construction of which most of the debt was contracted. In the United Kingdom the per capita debt is about $75, in Canada it is $50 60, while in the United States it is ‘only $14 s0. Z In connection with our debt it is worth noting that the Treasury Department recently issued an interest- ing statement of the comparative revenues of the country in 1856 and 1901. The expenditures for the last fiscal year were $505,067,353, while in 1856 they were but $60,571,025. Thus the per capita expendi- ture was in the former year only $2 48, while last year it was $7 07. The wealth of the people, however. has so .greatly increased during the ‘interim that we now carry the larger burden much more easily than the men of the former generation carried the lighter one. ——————e A Philadelphia man who is in the enjoyment of a life annuity from his wife, who gave it to him for the privilege of deserting him, wants to sell his prize. As he is 63 years of age he should be willing to make a most liberal discount to anybody foolish enough to consider his proposition. " Mr. Towne has denied that he ever said the gold faction would recover control of the Democratic party. or that David Bennett Hill would be nominated in 1904, and now we shall probably hear from New York that Mr. Hill is out of politics again. It is said the reformers in China propose to cut off their pigtails, but the conservatives threaten to re- taliate by cutting off every head that is shorn of its cue, so the game seems to be one of heads or tails played in earnest. | The facility with which the steel trust removes a factory from one town and sets it up in another shows that Schwab has a good deal of skill in hand. ling mills, whether he can handle men or not. an | PASSING OF THE FRIGATE VERMONT, RELIC OF UNCLE SAM’'S OLD NAVY ITARY AND WILL PROBABLY BE DESTROYED. THE UNITED STATES OLD LINE-OF-FATTLESHIP VERMONT, WHICH, AFTER LONG SERVING AS S g CEIVING SHIP AT COB DOCK, IN' THE BROOKLYN NAVY YARD, HAS BEEN CONDEMNED AS UNSAN- B HE o0ld line-of-battleship Vermont, which has served for more than thirty-five years as a. receiving ship and which has been ordered destroyed or sold owing to its un- sanitary condition, has a rather inglorious record. She Wwas begun at the Charlestown navy yard in 1818 and launched September 14, 1848. It was not until February 24, 1862, that the ship was fitted out and departed for Port Royal, towed by two tugs and accompanied by a steamer. Off Cape Cod the Verment fared badly in a gale, losing her sails and rudder and Wwas In imminent danger for more than a month of being lost. Several ships were sent out to search for the unlucky ship and she was finally found by the Sabine and escorted to Port Roval, where her brief cruising service terminated April 12. She served for some years as a hospltal and supply ship and was finally towed to the Brooklyn yard. Her original cost of hull Tas §212.000, and the repairs up to the present time foot up to $500,000 in round numbers. The recent Investigation of the vessel by a board of ‘sur- geons resulted fn a report condemning the Vermont as unfitted for a receiving ship. as the old craft is watersoaked and teem- ing with disease germs, and recommended that she be disposed of as old junk or be given to the flames. Admiral Crowninshield favors the burning process. . o e Germany is buflding up its navy in a consistent and em- inently practical “way that is lacking in this country, and for which Congress alone is responsible. In the German navy the number of officers are increased each vear to keep up with | the requirements for the new ships added, while practically no TATISTICIANS of late have been engaged in | such provision is made in the United States. During the past eight vears the Secretary of the Navy, the bureau officials and all the other naval officers have pointed out the fallacy of adding ships without providing for an adequate number of [ officers and men, and two vears ago a slight addition was made to the upper personnel. The increase in ships has been rela- tively the same in the navies of Germany and the United States, Lut the increased number of officers is much less In our navy than in that of Germany, as will be noted by the com- parative numbers in 1893 and 191, given below: | Gern Tnited States. GRADE OF OFFICERS. = ¥ . | 1893 | 1901. i | Admiral . R Yice admiral . 5 | | Rear admiral 10 | Commddores szl | Captains . | | Commandera: o = Lieutenant Coy 5 | 172 Lieutenants .. 136 | 304 Lieutenants junior 203 | 104 Ensigns ......... 135 | 126 __ Totals .. <l 588 | 1213 | 594 In the present number of commanders and Heutenant com- manders in the United States Navy there are five of the first grade and seventeen in the latter grade that are engineers and are performing shore duty only, and as these officers would not perférm line duty they are not included in the totals of the two grades. It is apparent from the tabulated lists that our navy is greatly in need of additional officers. W e Strenuous opposition is made in ane of the bureaus of the Navy Department against the degrading use of the ‘Pirate,” as the cruiser Columbia was denominated, for a receiving ship to replace the old Vermont. The only good point made against such a conversion is that the ship lacks accommodations for a large crew, for in other respects neither the Columbia nor the Minneapolis appear to be of much value either as com- merce destroyers or as fighting ships. Neither of them were made useful during the late war with Spain, while the auxilary cruisers Yale, Harvard, St. Paul and St. Louis made good L e S S SR S MM S Y HERD OF ANTELOPE HAS WONDERFUL RACE WITH . costly armored ships of doubtful utility. | — records. The Columbla was bullt in 1392 and was calculated to make a speed of 21 knots with 21,000 horsepawer, and to have a coal capacity of 2000 toms, sufficient for 22,000 miles at 10 knots. At a four-hours’ trial she deveioped a speed of 228 knots, but under service conditions she averaged only 13.41 knots during a seven-days’ race across the Atlantic in July, 1897. The coal capacity’ is only 1600 tons and the cruising en- durance at 10 knots is only 7200 miles. The two “Pirates” can no longer be classed as commerce destroyers, as steamships have attained a speed of 22 knots and upward, and the enorm- ous coal consumption of the “Pirates” make them too expen- sive to malntain in active sea service for ordinary cruising work. Y S Loud complaints are made in the British press over the cheeseparing policy of the Admiralty. The case of the wrecked cruiser Sybille is given as an instance. The ship was lost on the coast of Africa last February and everybody on board lost all their kits. The officers were told to make out their claims for losses so far as uniforms were concerned, but no allowance would be made for plain clothes and other property. The claims were made out and approved by naval officers at the Cape and sent to the Admiralty, where they were cut down 25 per cent and partial payment made in a couple of months. The four officers court-martialed for the loss of the vessel got absolutely nothing. The sailors fared but little better and for every shilling claimed by the latter the Admiralty allowed only nine pence. “And yvet,” says the London Chronicle, “there are People who cannot understand how it is that there is a difficulty in keeping men in the service.” e NS The alleged success of the submarine boats in France has led a large number of naval experts to advocate buflding such craft as a means of coast and harbor defense in preference to Thus far six sub- marine boats have been tested, two more are nearly ready for trial, twenty-six are building and not yet launched and there will be a recommendation that twenty-four more be built. This will make a fleet of fifty-eight submarine boats within twelva months, the agsregate eost of which will be about $9,280,000, equal to the cost of the new armored cruiser Jeanne d'Arc and the cruiser Chateaurenault, the recent trials of which proved to be dismal failures. C The first trial of the French armored cruisér Jeanne &’Arc, which took place July 22, was interrupted through the alleged incapacity of the engine-room force. Six of the thirty water- tube boilers were utterly destroyed owing to an insufficiéncy of water in the tubes and the vessel was towed back to port to receive new boilers. A subsequent attempt to run the ship with twenty-four boilers demonstrated the fact that in this one case at least the Belleville boller was a signal failure. R IR A wave of reform has struck the Spanish navy. Besides striking off. the list over one-half of the ships as useless for active service, and selling such as are unfit for anything, it is contemplated to farm out the arsenals; that is to say, turn the latter cver to private firms which will undertake to build and repair ships for the Government. e The new royal yacht Victoria and Albert was Inspected July 22 last and passed out of dockyard hands ready for commis- sion. Her keel ‘was laid December 15, 1897, and the vessel has therefore been over three and a half years under construction. The entire new crew of the old Victoria and Albert will be transferred to the new vacht. & ik The permanent German naval force in the East Aslatie station will consist of four large and two small cruisers, four gunboats, three torpedo-boats and several armed river steamers. FAST MAIL TRAIN AND WINS IT WITH EASE herd of antelope and the fast mail for California within the walls of Echo Canyon,” sald E. J. Tuttle of the Union Pacific to a Denver Post reporter the other day. * ““One clear, cool morning we rounded a rocky curve In the Utah canyon and a verdant gorge was disclosed stretching away for several miles. The vista was delightful. As a group of us were gazing ahead our eyes fell upon a bunch of antelope. “Not far from the track they stood, with erect ears and tense muscles, their bright eyes fixed upon the approaching train. A green strip of natural meadow land extended on one side of the rails for a long distance. Their light, fawn-colored bodies were clearly outlined on the emerald carpet. One in- stant they stood motionless—watching. The next they bounded into flight as swift as flashes of light. Shrilly the engineer had blown Lis whistle. Exclamations of amazement burst from us all as we saw the speed of the little creatures. Surely, how- ever, they could endure but a few moments and must then fall behind, we thought. p “On thundered the overland flyer at high speed. The engi- neer, noting the animals just ahead, opened his throttle a bit wider and pierced the air with startling shrieks of the whistle. The echoes reverberated in an astonishing manner. Away sped the slender-legged racers of the canyon, and at each whistle their speed increased. Eagerly we ¢counted them over and over to make sure of their number. There were eleven, running like lightning and rot far apart. If the first ones had stumbled it seemed as if all would have been piled in a heap. But there was no danger from such sure-footed animals. y “Their jumps were tremendous, yet the gait of each was steady and almost mechanical in its regularity. Only now and then, as a gully or slender stream intervened, did their leaps vary in length. The news of the race quickly spread through the train. Every one aboard was soon watching the antelope. L e e e e e e o THE most exciting race I ever witnessed was betwesn a Knowing fellows shrugged their shoulders, sald they had seen such races before, that they never lasted long, and that the antelope would be left behind in a few moments. Yet time passed and the flying animals kept their lead of about 200 yards. The engineer began to wonder, and finally threw open his throttle wide. The train increased its speed, but the whist- ling of the engine spurred the runners to renewed efforts. Ex- citement becama general among ,the passengers. Bei wers made on all sides and of all kindé. One enthusiastic cattle man declared nothing on earth could beat a frightened antelope in a race and offered to bet $1000 that the train could not reach the end of the canyon before the antelope. An old raflroad man took $100 of the bet, and the money was put up in the hands of a stakeholder. The windows on the left side of the train were crowded with people ‘watching the antelope. Grad- ually they began to separate under the terrific pace of the train. Some were better runvers than others. The first one, evidently the leader of the band, gallantly kept ahead, but twe others in the rear worked up toward the front as thelr eom- panions gave way slightly. The gait of each of them was noted by all of us. Intense became our interest as the end of the canyon drew near. Half a mile more—could they stand ir? The engineer began to play welrd tunes on his whistle. Hafe. splltt(i):g Screams were succeeded by hoarse roars. b sped the antelope. Now they were file—the last one making desperate yeflons :g“:le:; ‘:ps?d‘tl; those in front. Suddenly they all vanished and the next mo- ment we dashed out of the canyon on to an open prairfe. “The antelope had Won. They scampered away to the left. A vast sigh of relief arose from the passengers, whose lym: pathy was with the creatures of flesh and blood. The con- ductor announced that the train had been making fifty-eight miles an hour, and everybody i d everybody sald it was the greatest race on TAXATION OF REALTY. The Call does not hold ftself responsible for the opinions published in this column, but presents them for whatever value they may have as communications of general interest. Editor San Francisco Call—Your edito- rial of July 10 entitled “That Tribute to Realty” has been called to my attention. You quote me as saying “that personal property pays its tribute to real property; therefore realty should pay all the taxes and personalty should be exempt.” This statement is not true, and I do not think you can find it in any writing of mine. The statement is true in regard to tangi- ble personal property, for no man can possess any tangible thing without paying for land upon which it may rest and for shelter with which to cover it. The objection to the taxation of intangi- ble personal property is of an entirely dif- ferent nature. It Is exceedingly well set forth in the decision of the California Su- preme Court in the case of the Savings and Loan Association against Austin (46 Cal., 485). In this case it was decided that the taxation of real property on its full value and the taxation of the debt se- cured by a mortgage on the real property is double taxation. The learned Judge said: . “The rate of interest on money loaned is_regulated by the supply and demand, which govern all articles of commerce, and the burdens imposed by law in the form of a tax on the transaction, which ‘would thereby diminish the profits of the lender if paid by him, will prompt him to compensate for the loss by increasing to that extent the rate of interest demanded. If his money would command a given rate of interest without the burden he will be vigilant to see that the borrower assumes the burden, either by express stipulation or in the form of increased in- terest. This is the law of human nature, which statute laws are powerless to sup- press, and which pervades the whole of trade governed by the law of supply and demand.” A mortgage bond is merely a part of the debt secured by the mortgage, and if by any device all mortgage bonds are taxed and a loan is made in contemplation of such a tax the tax will fall upon the bor- Tower. If the tax-is imposed subsequent to the making of the loan it practically amounts to a confiscation of the property of the In the case of will fall upon ihe borrower. California has furnished the best illus- tration of the evil of taxing mortgages, and it would seem that the Supreme Court of California still shares this view, for it went a long way to defeat the tax on of the constitu- decided in the case ;%“tg 1!3nnk .T,gd:mlt Band- ., at a valid agres not simultaneous with or directly m: of the mo ¢ providing for the pay- Y lortgagor does not and which' has the State of Wieconsin. Yours tru s 5 LAW! Beg:en':-ry New York Tax !fggr:& New York, July 2. PERSONAL MENTION. Dr. F. H. Metcalf of Sac: ety ramento is at Marion Biggs of Gridie: is at th for a brief stay. v ¥ e Dr. A. Braden of Kirksville, Mo., 1 the Grand with his wife. e James Collins, a Courtlana rancher, i o er, at the Lick with his son. . S Jacob Wertheimn, a cigar manufacturer of New York City, is at the Palace, ac- companied by his wife. Dr. James Murphy of the General Em- ergency Hospital staff has departed for the Santa Cruz Mountains on his vaca- tion. In his absence Dr. Giannini will Al the vacancy. | Choice candies, Townsend's, Palace Hotel* f Cal. glace fruit 50c per l. at Townsend's.* I b‘ixl;ecm hlnlomltlou supplled daily to ness houses and public men tha Press CI 3 p Sty et T phe St iy L I “Mandy,” sald Farmer Corntossel, “T guess it would be jes’ as well not to sav so much about home cookin’ when you're talkin’ up our summer board.” “Why not?” » ’(;‘;knle hs.vme of these fellers act. to me. like that was what th to get away rm:-."—w”m;:to:"m;?n ——————— SUMMER RATES at Hotel del Coronado, Coronado Beach, Cal., effective after April 15: $50 for round trip. Including 15 days at hotel. wm&s.&..lflnl-wml. X % 4 k|