The San Francisco Call. Newspaper, October 2, 1902, Page 6

THE SAN FRANCISCO CALL, THURSDAY, OCTOBER 2, 1902. ~ Ll Thegeibin: Call . THURSDAY.....0zze0nsn0-4..OCTOBER 3, 1902 JOHN D, SPRECKELS, Proprietor, Adéress All Communiostions to W. 5. LEAKE, Manager. TELEPHONE. Ask for THE CALL. The Operator Will Connect You With the Department You Wish. FUBLICATION OFFICE. ..Market and Third, 8. . EDITORIAL ROOMS. ....217 to 221 Stevenson St B Delivered by Carriers, 15 Cents Per Week. Single Copies, 5 Cents. Terms by Mail, Including Postage: DAILY CALL (including Sunday), one year. DAILY CALL (including Sunday), 6 months. DAILY CALL (including Sunday), 3 months. DAILY CALL—By Single Month. SUNDAY CALL, One Year.. subscriptions. Eample coples Wil be forwarded when requested. becribers in ordering change of address should be wunnmmmDowmnmmm wm-mmwn‘uwmum\m.hmum“ VAKLAND OFFICE. «...1118 Broadway ©. GEORGE KROGNESS. Nanager Foreign Advertising, Marguette Bullding, Chicsgo. (ong Distance Telephone “Central 2619."') NEW YORK REPRESENTATIVE: STEPHEN B, SMITH........30 Tribune Hunaing YORK RRESPONDENT: K r..Herald Square NEW ©. C. CARLTON. NEW YORK NEWS STANDS: Waldorf-Astoria Hotel; A. Brentano, 81 Union Square; Murray Hill Hotel. CEICAGO NEWS STANDS: Eherman House; P. O. News Co.; Great Northern Hotel; Fremopt House; Auditorium . Hotel WASHINGTON (D. C.) OFFICE MORTON E. CRANE, Co: BRANCH OFFICES—3527 Montgomery, corner of Clay, open until 9:80 o'clock. 800 Hayes, open until 9:30 o'clock. 683 McAllister, open until 9:80 o'clock. 615 Lerkin, open until 9:80 o'clock. 1941 Mission, open untfl 10 o'clock. 2261 Market, corner Sixteenth, open until 9 o'clock. 1096 Va- lencia, open until o'clock. 106 Eleventh, open ustil 9 o'clock. NW. corner Twenty-second and Kentucky, open untll § o'clock. 2200 Fillmore, open untfl § p. m. 1406 G St., N. W. pondent. cus PARDEE IN THE SOUTH R. PARDEE'S progress through Southern D California has been a continued triumph. The campaign need not be spoken of as cold and languid, as far as he is concerned. Everywhere he is pressed with every possible public attention and private hospitalities are tendered that bring him in agreeable contact with the home life of the people. He has caused the campaign to assume all the aspects.of a people’s fight. Bosses and organizations are relegated to the rear and the memories of old- fashioned men and of old campaigns are revived. Every Republican seems to appoint himself a central committeeman and goes forth to help make votes and to do thé honors to the candidate. Dr. Pardee has a fetching, domestic and fellowship way in talking pub- lic questions which makes all of his hearers feel as if he were their neighbor. ‘As he goes through the country he keenly observes all its expressions of American thrift, industry, enterprise and contentment with the present and reliance on the future. So he enters into the daily life and vocations of the people. He has entirely settled it in public opinioni that he will not only be elected Governor, but that he will be Governor, responsible for the successes and the fail- ures of his administration himself. It was said by experienced political observers that no man could become Governor of this State on his merits and free from alliances which destroyed his freedom of action. This raised a serious moral issue in our politics. Dr. Pardee meets that issue and is willing that the keen sword of public inspection shall be circled around him to find if there are strings upon him. That is the kind of man the State wants at Sac- ramento, and when it gets him it wants him at Sacra- mento, where his public duties are, and not hidden at a distance, either absorbed in his personal concerns or taking instruction from bosses who avoid the open. DOUBLE CAUCUS VOTING. VER in Massachusetts there is a nice little O row which promises to be interesting to the people of every State where primary elections are held under regulation by law. It appears that during the preliminary voting at Worcester, in that State, some fifty citizens who registered as Democrats and voted in the Democratic caucus of the town after- ward went round and voted in the Republican' cau- It is said these enterprising voters of impartial minds are to be called into court to explain why they should have done a double stunt of voting, and as the penalty for voting in more than one caucus is impris- onment for one year they are likely to find the court proceedings quite sericus. The trial of the case in Massachusetts will be in- teresting because the practice of double voting is sup- posed to cxtend far and wide outside of that State. We are pretty well guarded against such practices in California, but even here a good Massachusetts. object lesson in the punishment for fraudulent voting would not be wholly lost. Little by little we are ridding our elections of old forms of abuse, but with the adoption of each new device for remedying an old evil a new one springs up. Most of them could be cured by a strict enforce- ment of the law and it is to be hoped Massachusetts will set an example in this case. An addition of fifty men to her annual batch of convicts will, of course, be’ unpleasant, but it is worth while stagding that un- pleasantness for once for the sake of getting rid of the double voters for « long time to come. — Recent dispatches are authority for the announce- ment that American citizens in Hayti are now viewed with respect. The correspondents have failed to tell us whether this delightful condition of affairs is due to good fellowship or compulsion. Germany is again in her lamentable role of offering everything that she may give nothing. She expresses her complete sympathy with the Roumanian Jews, but declines to do anything which might help the unfortunate people. The Chinese “native son” traffic at this port, which The Cali exposed and destroyed, has been resumed. It is unfortunate that the scheming attorneys cannot be deported with their coolie clients and thus rid the city of two evils. " The Democrats of Connecticut have taken @ stand which leads an ordinary observer to the conclusion that they must be gentlemen of discernment and some sense. They decided to dodge Bryanism as if it were a dead cat. !DEPLETING THE SCHOOL FUND. T HE investigations carried on by The Call show the baneful effects of having a proxy Board of 4 2 E‘ximin‘e_'rs, consisting of irresponsible ap- pointees of the Governor and the Attorney General. “‘Under their manipulation of the investment of the school fund in bonds that fund is now known to have lost $85,560" 10 in premiums paid on bonds to private speculators in securities. If this amount in premiums had been paid directly _to_the.counties issuing the bonds there would have been some public compensation and the taxpayers would have secured the money that has lined private pockets. ‘But county Supervisors have sold bonds at par and accumulated interest to private brokers who have immediately sold them to the State through Kevane and Post, the proxy Examiners, at premiums running as high as 20 per cent. As we have shown in the case of the Mendocino bonds, within six days after a brother of one of the Supervisors secured the bonds for a premium of $1000 he sold them to Kevane and Post for the school fund at a premium of over $10,000. ' 1! The operation of these proxies in Kern County bonds has features of peculiar aggravation to the tax- payers. After the county had voted to refund her 6 per cent bonds in 4 per cents the proxy Examiners paid for the expiring 6 per cents a premium of $10,000 80. The new ¢ per cents of Kern County were almost immediately issued and the 6 per cents were called in. In handling the new issue the Kern County Supervisors, without calling for bids, sold them to a private broker for par and accumulated interest. This action became notorious through a contest in- the courts, The bonds were issued to the broker, who immediately unloaded them upon the school fund, through. the proxy Examiners, at 'a premium of $26,121 50. In these two transactions in Kern County bonds the school fund lost $45,122 30, which the tax- payers of that county should have gained if the. bonds were worth the large premiums paid. But they gained nothing. The premiums werc taken out of the school fund and paid to the broker. These transac- tions are all flagrant and unsavory. They have not a single feature of business sense, nor of loyalty to the public interest. Formerly it was the custom of the custodians of the school fund to notify the county and city authorities of the State’s desire to purchase for that fund any bonds that might be issued. The State thereby got the ground floor position as first buyer. Had this custom been followed the first lot of Kern County expiring 6 per cents would not have been bought for the school fund at a dead loss of $19,000 80, and the reissue of 4 per cents would have been turned over to the State at par and accumulated interest. The bonds of the United States, except the new 4s, command less premiums than these two proxies have been paying to brokers for county bonds which they got for no premium at all. The United States bond premiums in New York on September 30 ranged as follows: 3 per cents, 8; 4s, 10; 4s coupon, II}%; 5§ registered, 5 1-7. While we rejoice in the good credit of Kern and other counties of California, it requires a stretch of | credulity to believe that their bonds in the open mar- | ket command a higher premium than United States securities. The private and restricted market at Sac- ramento, set up between the proxy Examiners and | private brokers, seemed to strain at nothing, but swal- lowed bonds at any premium the speculators chose to fix. i It will be the duty of the next Legislature to make a thorough investigation of the operations of the two proxies. This investigation should show that they have manipulated a school fund of over a- million while entirely irresponsible to anybody for what they | did with it. They paid an average of over 12 per cent premium on all these bonds bought by them. The Kern County bonds, both lots, cost the speculators nothing in premiums, but they pocketed $45,122 30, generously contributed by the proxies out of the | school fund. These losses should be made impossible in the fu- ture. The next Legislature should provide a board of audits and accounts;, under bonds and responsible to the people and the law, to take the place of the present proxy Examiners, and it should, in investing the school fund, co-ordinate the State Treasurer with this%esponsible board, and should by law require con- stant and permanent notice to counties and munici- | palities that the State is a purchaser at first hands of their bond issues, for the school fund. The power to buy such bonds of private brokers should be so hedgéd in as to leave no margin for such ruinous speculations as these of Kevane and Post. It is a | sore subject for the taxpayers and they should see to it that the bunghole through which the two proxies have let the school fund waste is forever plugged by an efficient statute. o mr—— A story is going the rounds that J. Pierpont Mor- gan said to a friend: “President Roosevelt must be defeated for the nomination in 1904 and a safe man must be nomihated in his stead. If he cannot be de- feated for the nomination we must see that the Demo- crats nominate a safe man like Cleveland, whom the business interests can support and who can beat Roosevelt at the polls.” It is a good story, but don’t | strain yourself trying to believe it. Morgan may | think that way, but he doesn’t talk when he has any wood to saw. A FUTILE CRITICISM, EUROPEAN critics are meeting the plea of Sec- retary Hay for the better treatment of the Jews of Roumania by saying the United States would better attend to its own affairs and assure protection and justice to the negroed among her people before she undertakes to instruct Europe how Jews should be treated. The criticism sounds a good deal cleverer and more pertinent than it really is. That the negro in America suffers some injustice is beyond question, and from an American standpoint the injustice is even severe. Still, when compared to such wrongs as are inflicted upon the Jews of Roumania or of Russia, the treatment of the negroes in the United States-is benevolent and uplifting. Professor Booker Washington stated at a recent conference of his race in Atlanta that during his tour of Europe he carefully studied the condition of the working classes in Germany and Austria and found that when everything is taken into consideration the negro of Alabama has a better chance in life and bet- ter treatment from the law than the peasant whites of those countries. B The negro in most of the Southern States is now deprived of his political privileges, he has hardly a fair chance before the courts when his competitor is a white man, he is frequently subject to violence and at times the outrages committed against him in the name of lynch law are atrocious, but that he is gen- making in all the Southern States. The Jews of Rou- mania are absolutely deprived of the means of earning a subsistence in many localities, while the negro throughout the South is increasing in wealth and is becoming prominent in various lines of business. Any such oppression as that practiced upon the Jews by Roumania and cited by Secretary Hay is unknown to any part of the United States in the treatment of any class of people. European critics will have to search for some other argument against our right to appear in protest against Roumanian outrages. We are, indeed, far from being a perfect people, but no class of our citizens is subject to such grievous wrongs as those which have roused our Government to appeal to the signatories of the treaty of Berlin for redress. F It is rather an annoying coincidence that just as Fighting Bob Evans is going to China to startle the Boxers into subjection and good behavior, some cu- rious investigator has brought to light a manuscript containing the sayings of an old Chinese sage of for- gotten fame, and among them is one to the effect that swearing was known to China several thousand years ago. D people, it i§ worth while to turn aside from it for a while in order that proper note may be made of the present monetary situation and the lessons it teaches. From what is now going on in financial circles the people may easily acquire information which will help them in settling the banking and currency problems now pressing upon the country. THE BANKING PROBLEM. ESPITE the excitements of the political cam- paign and the claims which the canvass of the Southern crops began Wall street has been in danger of a monetary stringency. Several times the Secretary of the Treasury has been compelled to intervene and give relief. To accomplish that end he has had to take steps Vinvolving him in a serious responsibility, and even after they have been taken the relief has that his latest action will carry the banks over the emergency for the rest of this season, but next year there will be another emergency and then we’ shall have further calls for the Government to interfere in the conduct of private business. As might have been expected the intervention of the "Secretary of the Treasury has been variously judged. A controversy has grown up over the issue that may yet break out into an ugly scandal, even though there be no just ground for one. Thus, Mr. at one time, is quoted as saying of Mr. Shaw’s action: “It is a radical departure from precedent, but it is a good thing—was just what was needed under the cir- cumstances.” That is the favorable view of it. The other side is presented in an editorial of the Balti- more American, saying‘, among other things: “Is the speculative market to be backed up by the Treasury of the United States? Are the stock gamblers of Wall strcet to have 2t their command the money of the people? Are the resources of the public Treasury to be used in sustaining the market price of inflated stocks and watered and questionable securities?” In those two contrasted views of the action of the Secretary we perceive one of the inevitable evils of our present monetary system. Let the Secretary be who he may, or act as he may, he is bound to be ac- cused of taking sides in a speculative money market. Hé ought not to be put in any such position. Our banking and currency system should be so devised that the public Treasury would not have to take any part in the business cf the country. With that doc- trine we believe every intelfigent man will agree. There is another serious evil growing out of theé present system, and that is the antagonism caused be- tween New York and the country banks. Here is the country view, presented by a Western banker in an interview with the Chicago Inter Ocean: “We of the West have plenty of money, more than we can pro- fitably use, except in the crop season. We have had large deposits in New York. Our’ correspondents in New York say ‘thank you’ when we send them our deposits, and, though they know full well that we need the money in the crop season, they say ‘damn you’ when we call for our own in the interest of a wise policy to furnish money for the movement of crops. The New York bankers regard our money as their own when they get it, and they are selfish enough to howl when they can’t continue the use of it in speculative enterprises because we need it for the crops. They have been encouraged in their policy of concentrating all financial operations in New York. They promote trusts to make all the industrial enter- prises in the country dependent on New York for capital, and then they expect all the outside banks to send them their surplus deposits that they may handle it as their own for their own profit.” On their side the New York bankers maintain that they have been using.the money of the country to promote industrial enterprises and that the pregent stringency is due not to a lack of wealth, nor even of money, but solely to the absence of an elastic system of currency which would admit of expansion during the crop-moving season and automatically contract when the demand for currency lessened. Surely it is folly to continue a system of banking and finance which every year gives rise to this strife between the East and West and involves the Secre- tary of the Treasury in the business affairs of the country. Currency legislation is imperative and the people should demand it of Congress at the coming session. Uncle Sam has decided that his army officers must receive a more thorough education than they obtain’ in their experience at West Point and must attend post schools. Perhaps it has been discovered that while the gentlemen suffer all the perils of ignorance they must have, too, all the disadvantages of knowl- edge. Ohio is getting ready to celebrate the centennial of her admission to the Union, an event which took place in February, 1903. It is going to be a big cele- bration and if it go by without booming some Ohio man for the Presidency in 1904 we will know that the State is getting old. Up to date not a single Democrat has succeeded in finding an issue on which to attack the Republican party or Republican prosperity, so it seéms they are running a ticket this year just to keep up the organi- zation and have the satisfaction of hearing themselves talk. Chowfa Maha Vazariavudh, the Crown Prince of Siam, is coming to see us. It is a safe hazard that even the Prince will admit that anybody trying to pro- nounce his name must be ready to take the conse- lerally well treated is proven by the advance he is , quences of an attack of harmonic indigestion, rival parties justly has upon the minds of the | 1 | Ever since the movement of the Western and been but temporary. It seems to be generally agreed | Fairchild, who was himself Secretary of the Treasury | PYTOCR T i o0 e ih e i O3Hrne s e | (SIS (11, (reatln g;.g@g«,:u:fidul{ Brrcat B1 S Lwtoars Sl stingorr R11703] W A G T Rbars) furn sy MicWEl.. { MANY WORKMEN BUSILY ENGAGED » ON GROUNDS FOR WOODMEN'S FAIR‘i e i NG S N G s ST Y - SRS S s s : 5 > ™~/ TS 1OTTIE RICHARD3ON i — OPENED MONDAY NEXT. Pt il BOUT fifty men were, at work yesterday on the grounds selected by the Woodmen of the World of this city upon which to hold their fair, which is to be opened on Monday next. A force of carpenters was busy putting in place at the Market-street end of the grounds the frame of what is to be a representation of a gigantic sequoia stump. * ‘Within the grounds a number of men were busy erecting the booths and the country store, laying out the walks and grading the spaces set aside for the Midway and the several shows that are to be conducted within the inclosure. A gang of electriclans was at work install- ing the light system. Many forty-foot poles have been erected E. W. Waterman, a Los Angeles capi- talist, is at the Grand. E. Dannenbaum, a merchant of Vallejo, is registered at the Lick. F. H. Kennedy, a hardware dealer of Stockten, is at the California. ‘W. T. Porter, an extensive fruit grow- er of Fresno, is at the Lick. J. P. Bibb, a lumber dealer of Tacoma, is registered at the Occidental. Hervey Lindley, the well-known lum- ber man of Klamathon, is at the Palace. V. 8. McClatchy, business manager and part proprietor of the Sacramento Bee, is at the California. M. H. Flint, inspector of the United States mail service, with headquarters at Los Angeles, is at the Occidental. E. 0. McCormick, passenger traffic manager of the Southern Pacific, is spending a few days at Del Monte. Robert Rintoul, assistant manager of the Montreal Bank at Vancouver, B. C., is at the Palace with his bride. They are spending their honeymoon by making an ‘extensive tour of California. C. N. Ravlin, who has been treasurer of the California Theater for several years, has been appointed by Selby Op- penheimer business manager of both the California and the new theater that Is to dieplace Metropolitan Temple. o s i g Californians in Washington. WASHINGTON, Oct. 1.—The following Califcrnians have arrived at the hotels: Julian W. Hunt and wife, at the Willard; Wiley B. Allen and wife, at the Raleigh, all of San Francisco. Californians in New York. NEW YORK, Oct. 1.—The following Californians have arrived: From San Francisco—J. W. Helsner, at the Grand; J. A. Fritz, C. A. Hitchcock, at the Cos- mopolitan; B, Lathrop, R. B. Hale, P. C. Hale, at the Manhattan; C. McCreedy, at the Grand Union; S. L. Plont, at the As- tor; F. Ray, at the Kensington; Dr. M. 0. Alexander, Mrs. Alexander, at the Marlborough; 8. Alsberg, at the Belve- dere; J. O. Davenport and wife, at the Hoffman; J. Joost, at the Union Square; E. D. May, C. Resenheimer, M. Somme: and wife, at the Imperial. | From Los Angeles—E. H. Breese, at the New Amsterdam; Dep Gliddon, at the Empire. ———— Senator Vest is said to outrank Senator Hoar in his familiarity with the poetry of England and America. e —— Frunes stuffed with apricots. Townsend’s.* s Townsend's Cumg'mls Glluce fruit and candles, 50c a pound, in artistic fire-etch, boxe:'k nice g.;u.ent for Eastern fi'lendgg €89 Market st,, Palace Hotel building. * —_————————— Special information supplied daily to business houses and public men by the Press Clipping Bureau (Allen’s), 230 Cali- fornia street. Telephone Main 1042, ¢ | THREE OF THE FAJR CONTESTANTS WHO ARE SECURING VOTES IN THE HOPE OF BEING CROWNED | i QUEEN OF THE STREET CARNIVAL AND FAIR OF THE WOODMEN OF THE WORLD THAT IS TO BE | along the walks. From. these will be sus- pended powerful incandeseent lights, so that at night the grounds will be as bright as during the day. A large tent has been erected for the use of those who desire to rehearse for the different shows. The general committee has appointed the several -sub-committees, of which the following named are the chairmen: Promotion, G. W. Schweinhard; press, Dr. F. F. Lord; decorations, Joseph A. Wilson; music, B. 1. Barnett; lights, G. D. Phillips; queen contest, Dr. F. A. McMahon; conces- sions, J. F. Nulty: tickets, W. B. Nye. H. C. Hazelrigg, Dr. F. A. McMahon and F. P. Mann have been appointed a finance committee. The country store has been placed in charge of Mrs. A, Stenart, Mrs. F. A. McMahon, Miss Alice Perrin, Mrs. F. J. Metty and Mrs. M. J. Katz, Women of PERSONAL MENTION. ANSWERS TO QUERIES HYDRAULIC MINING—E. E., Lancha Plana Cal. Hydraulic mining In Califor- nia is governed by the act creating the Debris Commission. McGOVERN-ERNE—S. and K., City. On the 16th of July, 1900, Terry McGovern defeated Frank Erne in New York and won the lightweight championship. —_—————— ‘Woodcraft, £ - " . The vote for the Queen of tis Carnival is .becoming very exciting, nearfly all the contestants belng close togethér and:the head one having but slight lead over the next two, while most of the others are well up”in the race. At noon yesterday the vote stood as follows: Alma Stevens, who is in the lead, 2891; Har- riet Wilder 2803, Christine Wehr 2791, Lottle Richardson 2344, Pearl de Ganna 2825, Bertha Kohler 2205, Agres King 2100, Pearl Nickel fi% Mabel Harris 1621, Tresa Cassinnelli 79 The degree teams of the different camps will all parade in uniform and each wul constitute an escort to the camp to which it belongs. The clerk of each camp has been in- structed to notify each member to take part in the parade. It is expected that there will be at least 3000 “choppers” in line on Monday night. L A CHANCE TO SMILE. “Your daughter’s taste in music is im- proving perceptibly,” safd the professor. “I think it must be,” answered Mr. Bliggins. “She doesn’t try to play nearly as much as she did.”—~Washington Star. Although George Washington's respect ,For truth was very great, Tis hinted that he sometimes said, “T'm not a candidate.”” — | Tmriota canidste~ _ " ; - The Best Ficlion of the Year Free With the Sunday Call. EXT Sunday’s Call will contain the first half of that splendid novel of the present day’s social and political life, “The Au- ik betnernts,” by Charles K. Lush; Y ober 12, this book will be completed. Here the standard works of flction. of the i waachyr g Sunday Call, without any loss of news or whole nawel as well—all for ten cents. < “t'li‘he A;:octn;l" is uf‘ story that is filled with the fresh and in- gorating atmosphere Western enterfirise and ergy. tive of the novel is founded upon the cid poy-a oo and on the following Sunday, season free! Two issues of the feature matter, and a dramatic incident of a combi- nation of politicians and capitalists working to secure a street rail- way franchise in a Western city. the book is a powerful and capable The most prominent character of man who is a master.hand at the manipulation of city councils. But here the e for which he is playing has a much higher stake—he hflpe‘nx:t only to get his coveted charter through, but to secure for himself the more valuable prize of a seat in the United States Senate. This novel gives the most lifelike picture in fiction of the modern trust, .the financial Ppromoter and the group of men that always promoters, newspaper men and hangers-on. Besides such a strong ta of dramatic incidents that nes, Mr. Lush writes a pretty story through the weaving of the 3 o love story that is filled with hum. divided attention from start to finish. Remember that the first half of in the Sunday Magazine Section of The. Call on October 5, and will October 12. this book will cost you $1 50—read it setting and the accompanying quo would naturally arise in such sce: not a single cent extra. Other books of equal merit tleman From Indiana,” cennes,” by Maurice Thom; 5 First Half of “The Avtocrats” Will Be J be completed on Sunda; to appear in the lunday Call: “The Gen- by Booth Tarkington; “Alice of Old Via- er,” by Charles Major; “The Leopard'e Mm;&t:;odnwmu mm:m;: surround him—bankers, politicians and social strivers—a an interest and will hold your un- this novel will be published Buy it at the book stores and in The Call and it costs you Published Next Sunday. *‘M‘