The San Francisco Call. Newspaper, December 10, 1902, Page 6

THE SAN .FRANCISCO CALL, WEDNESDAY, DECEMBER 10, 1902. ........... DECEMBER 10, 1902 WEDNESDAY... JOHN D. SPRECKELS, Proprictor. Address All Communications to W. S. LEAKE. Manager TELEPHONE. Ask for THE CALL. The Operator Will Connect You With the Department You Wish. PUBLICATION OFFICE EDITORIAL ROOMS. . Delivered by Carriers, 15 Cents Per Week. Single Coples, 5 Cents. Terms by Mail, Including Postage: DAILY CALL (including Sunday), one year DAILY CALL (including Sunday), § months DAILY CALL (including Sunday), 3 month: DAILY CALL-—By Single Month SUNDAY CALIL, One Year WEEKLY CALL, One Year. All Postmasters are authorized to receive subscriptions. Sample coples will be forwarded when reguested. .Market and Third, 8. F. 217 to 221 Stevemson St. Mall subscribers in ordering change of address should b2 particular to give both NEW AND OLD ADDRESS in order to insure 3 prompt and correct compliance with their request. OAKLAND OFFICE.... +++.1118 Broadway C. GEORGE KROGNESS, Manager Foreign Aévertising, Marquette Building, hicago. (Long Distance Telephone “‘Central 2610.") NEW YORK REPRESENTATIVE: STEPHEN B. SMITH.,......30 Tribune Build! NEW YORK CORRESPONDENT: C. ©C. CARLTON...... cseseess.Herald Sguare NEW YORK NEWS STANDS: ‘Waldorf-Astoria Hotel; A. Brentano, 31 TUnion Square; Marray HIll Hotel; Fifth-avenue Hotel and Hoffman House. CHICAGO NEWS STANDS: Sherman House; P. O. News Co.; Great Northern Hotel; Tremont. House; Auditorium Hotel; Palmer House. WASHINGTON (D. C.) OFFICE...1408 G St., N. W. MORTON E. CRANE, Correspondent. BRANCH OFFICES—J527 Montgomery, corner of Clay, open uptil 9:30 o'clock. 800 Hayes, open until 9:30 o'clock. 633 McAllister, open until 9:30 o'clock. 615 Larkin, open until 9:30 o'clock. 1941 Mission, open until 10 o'clock. 2261 Market, corner Sixteenth, open until 9 o'clock. 1086 Va- lencia, open until ® O'clock. 106 ‘Eleventh, open until 9. o'clock. NW. corner Twenty-second and Kentucky, open until ® o'clock. 2200 Fillmore, open until § p. m. — LEGISLATIVE ACTION. ETWEEN Secretary Shaw of the Treasury B and the Merchants’ Association of New York there has been an extended correspondence 1 the general subject of ship subsidies. As a result | the discussion it is made evident that both parties are in favor of promoting our commercial fleets on ocean, but they disagree concerning some minor orn of details. The correspondence, therefore, brings up again the question how far such differences of opipion should be permitted to prevent or even to delay the passage of a measurg to achieve the desired end. In commenting upon the situation disclosed in the cations from the association Secretary Shaw a”letter of reply says: “Probably two-thirds of ons in this world are among people who ree except in forms of expression. Not 1 the friends of additional financial legislation ng themselves will there be any further on the subject, and I suppose that the same rule applies ‘with reference to the friends of a p subsid he discussi legislation It is gratifying to have the situation in Congress on the two impdrtant issues of currency reform and the upbuilding of American shipping presented to the public in that clear and terse way. The people can | now perceive that the real question before the Re- | publicans of Congress is that of getting together— of agreeing upon some measure which can be enacted into law Government is possible only among men who can set minor differences of opinion aside and unite upon a course of action. Unless men have that faculty they cannot govern at all. One of the reasons why the people have returned Republican majorities to | Congress of late years is the popular con- viction that that party is capable of govern- ing, while Democracy is known to be too | much given to wrangling ever to agree upon“ a definite line of action. The people do not wish a futile, debating, endlessly talking and disputing set of Representatives at Washington. They wish action. They intrusted the Republican party with power be- | cause they believed that action would be forthcom- ing, and it is now the duty of Congress to fulfill that expectation. When, as Secretary Shaw says, “men practically | agree, except in forms of expression,” they will, if they: bave good, sound, common sense, soon reach an agreement on the form of expression, It is by that | test we distinguish the man of executive capacity from the mere theorizer. It requires no great talent to go on disputing over words and forms forever, but | | case. it does require something of statesmanship to formu- late a.good policy and then unite in putting it into | action. If this Congress, after all the discussion over the currency and the situation of our ocean commerce, cannot agree upon a plan of actien it will reflect mo credit upon the part$ that put it into power.* The argument has, in fact, been well nigh exhausted and it is fime fof legislation. In his recent message to Congress the Secretary of the Treasury pointed out that America has now an abundance of capital available for ship-building and for ocean commerce, but in default of adequate pro- tection for American seamen and the American rate of wages for seamen that capital, instead of building ships in our shipyards and sailing them under the American flag, is investing in foreign-built ships. Alfter referring to the big ship combine he says: “The tendency noted and the organization of this company show conclusively that abundant American capital disposed to engage in commercial enterprises on the sea, and that, under existing conditions, the ready outlet for if is afforded by resort to foreign flags. American capital prefers investment under foreign flags because it costs more to build ocean steamers in the United States than abroad, and, once built, it costs more tooperate steamers under the American than under foreign flags. Only steamers built in the United States are entitled by law to fly our colors. Ii foreign-built steamers were admitted to American registry the handicap of higher wages for crews shipped in American ports would remain.” Such is the situation that confronts the country. Our export trade is increasing enormously. Ships are required to carry it. Under existing conditions those ships are found by the purchase of foreign vessels. We are thus losing much of the benefit we might derive from the employment of our capital in ship-building. Among Republicans there is no dis- agreement as to the desirability of establishing an THE MESSAGE QN FINANCE. E have made the readers of The Call familiar with our views on banking and currency re- Wform, Under our present system the sea- son of crop moving and that of active business and speculation come together. This is natural. commerce- of the country depends upon the condi- tion of the crops. Given a large wheat, corn, cotton and tobacco crop in the West and South and there rises the vision of dividends upon the business of handling and transporting it to market. This makes railroad stock speculation active, and all other stocks are enlivened by sympathy. Then all lines of com- merce are stimulategd, and the result is an active de- mand for money in New York, concurrently with a | demand for it in the West and South, to get the crop moved to market. Under these circumstances inter- est rates increase, the use of credit everywhere be- comes more costly, and producer and dealer alike are subjected to a strain that could not be under a re- formed system. In this annual emergency the country comes dan- gerously near a panic in the midst of plenty and in the presence of conditions that ought to make a panic less probable! To prevent it the national treasury usually has to come to the rescue by anticipating in- terest payments on the public debt, by redemption of unmatured bonds and by transferring treasury - re- serves to depository banks. As every one will read- ily recall, these expedients subject the administration to much captious criticism. Those who are not stu- dents of business are told by the unscrupulous and the demagogue that the administration is paying bond premiums to favor Wall street, and depleting the treasury reserves to enrich favored banks. At the same time if these things were not done the country would probably suffer an annual panic to the injury of all the people. istration. They are made compulsory by a defective financial system, which compels the treasury to go beyond its proper function of maintaining the public credit, to .make it sustain fhe whole structure of private credit as well. This compulsion in the last panic nearly broke the treasury and came danger- cusly near leaving the Government itself insolvent. When that lesson was fresh in the public mind men were easily led to see the difficulty and the remedy. But the revival of our industries, and, above all, the abundance of the public revenues and a very large surplus in the treasury, lead to inattention to the ne- cessity for transferring the support of private credit to the banks, where it belongs. Men do not stop to think that if the pinch come the cash in the treas- v, now amounting to eight hundred millions, would disappear in the attempt to bear the respon- sibility of the almost unmeasurable volume of our business transactions. It is with pleasure we note in the President’s mes- sage that he stands ir cordial agreement with these views, so often expressed by The Call. While he rec- ommends no general legislation, and indeed depre- cates the attempt to furnish an entirely new and whole body of a financial system, he strongly supports two additions to existing law, which, added to the gald standard act, will give the country a more nearly satisfactory financial scheme than it has ever had, be- cause it will be so nearly in line with the mnatural, which are also the scientific, principles of finance. In his message President Roosevelt says: “Interest rates are a potent factor in business activity, and in order that these rates may be equalized to meet the varying needs of the seasons and of widely separated communities, and to prevent the recurrence of finan- cial stringencies, which injuriously affect legitimate business, it is necessary that there should be an ele- ment of elasticity in our monetary system. Banks are the natural servants of commerce, and upon them should be placed, as far as practicable, the burden of furnishing and maintaining a circulation adequate to supply the needs of our diversified industries and of our domestic and foreign comfnerce and the issue of this should be so regulated that a sufficient supply should be always available for the business interests of the country. “It would be both unwise and unnecessary at this time to attempt to reconstruct our financial system, which has been the growth of a century; but some additional legislation is, I think, desirable. The mere outline of any plan sufficiently comprehensive to meet these requirements would transgress the ap- propriate limits of this communication. It is sug- gested, however, that all future legislation on the subject should be with the view of encouraging the use of such instrumentalities as will automatically supply every legitimate demand of productive indus- tries and of commerce, not only in the amount, but kinds of money interchangeable, and, at the will of the holder, convertible into the established gold standard.” 3 There is practically our frequent statement of the The President might have added that interest rates are also a potent factor in the politics of the country. When money is congested in New York and is a drug at 2 per cent on call, and is from 10 to 18 per cent in the West and Southwest, the agi- tator finds little difficulty in persuading the people that more money is wanted, when the difficulty is one of distribution and not volume. By permitting the banks, under strict public over- sight, to temporarily convert and mobilize valid se- curities to meet a local emergency for currency, and by a time limit taxation compelling the flow of such currency back into the banks, interest rates will be equalized, the support of private credit will be trans- ferred from the Government to the banks, and by making every form of currency interchangeable with gold, a satisfactory -system will have been created and the money question will be prevented ever again becoming an issue in party politics. ‘We are sure that if the country will rouse itself from the indifference cauwged by its prosperity and think of the future and the measures needed to mitigate the terrors of the next panic, the wise counsel of the President will be heeded and his sound recommenda- tions will become the law. STEEL FOR INDIA. ARDLY had the giant steel trust in the United H States been fully organized and announced when the steel-makers of other nations hastened to combine. Those of Great Britain took steps at once. The German manufacturers followed the lead. A few days ago European dispatches brought reports of the formation of a union among the steel men of Austria and Hungary, and now comes a story that India purposes to manufacture | steel for herself and will establish a plant which a few years ago would have been counted of first-class magnitude even in the United States. American merchant marine under the American flag, paying American wages. Why, then, should there be éelay in enacting the required legislation? A short time ago James N. Tata, a wealthy manu- facturer of Bombay, made a long visit of inspection among the big steel plants at Pittéburg and obtained The | The means used are not the choice of the admin- | in the character of circulation, and of making all | !there all the inforthation he could concerning the latest and most successful methods of steel manufac- ture. He has since returned to his home, and it is now announced that he has arranged to undertake a steel and iron development of the central provinces | of Hindostan. .He will begin with a plant estimated to cost $12,000,000. An American engineer has been engaged to go to India and supervise the work. He is said by the Pitts- burg papers to be one of the foremost experts in his line in the United States. Along with him goes a blast furnace expert, who was for a long time with the Carnegie Company and is familiar with the practi- cal operation of steel furnaces. The two men have already started for India, and it is said that ground for the new plant will be broken within three months. A Pittsburg authority in describing the work to be undertaken by the experts from that city says there will be erected at once three blast furnaces having each a capacity for producing 600 tons daily, and in addition there will be steel works, rail and rod and other finishing mills. It is further announced that be- fore entering upon the undertaking the Indian cap- italists assured themselves of a ready market for their output and have already in sight contracts which will take 15,000 tons of the daily output, giv- ing a certainty of immediate profits. Like all promoters the Indian capitalists back of the enterprise are sanguine they will have a future much larger and more profitable than the present. Mr. Tata is quoted as saying in effect that India will in | the near future be independent of outside supplies of | iron and steel. There are now upward of 35,000 miles of railway in India, and .most of it is laid with iron. It is expected that the rails will have to be renewed within a few years, and thus, without counting upon the construction of new roads, there will be a good | local demand to sustain the mills. However, new | roads are bound to come, and with them an increased demand for all kinds of railway equipments, so that | there will be incentives to establish a large variety of | iron and steel industries. Of the iron’ resources of the district no informa- tion is given, but of course that branch of the sub- ject has been carefully studied by the promoters of the movement before they invested their money. It remains to be seen whether the Hindoo can be de- veloped into an effective mill worker. His labor is cheap enough from the standpoint of wages, but cheap labor is rarely ever profitable in advahced in- dustries. It is, however, quite possible that the In- dian experiment may prove successful from every point of view, and when the iron and steel men of Europe and America are looking for foreign -markets to supply they will have to look elsewhere than India. The west coast of Arica is booming as a cotton- producing country, but the boom is made up wholly of soil, climate and labor; as Vet there have been no results to justify any migration of cotton-planters from this country. P reported to be a very ‘bad man. He is accused of having robbed his country of its treasure, his countrymen of their liberties and many foreigners of their property. ‘got away with an American trust. In those charges American, German and British complainants agree, so that in New York, Berlin and London the accused has an equally bad reputation. Where there is much smoke there is always some fire, according to the proverb, and doubtless Presi- dent Castro has been several kinds of a villain on certain occasions. His process of settling a trust was probably too summary. So also his methods of running elections, and of postponing payments due to foreigners, may be far from commendable. We should beware, however, of being too severe in judg- ing the accused. We have heard all sides except his, and it may be that if we could get him to come to San Francisco and lecture he might tell us something that would be interesting and lessen the severity of our condemnation. The reason we have not heard Castro’s side of the various charges is that he has been too busy and too much troubled to have leisure to explain. No man of our time, not even the Sultan of Turkey, has so many troubles as Castro. When he is not standing off some foreign demand for cdin he is suppressing a revolt at home, and no sooner does he finish the revolt than another foreign complication arises. Moreover, none of his complications come singly. Generally he gets an insurrection on his hands at the same time as an election, and when one European power presents a bill another comes forward with a similar document. Just at this time Castro is promised the greatest naval display of the century. A British fleet and a German fleet are to go to the Venezuelan coast to persuade him to pay a bill, and an American fleet is to take a favorable station on the same coast and watch the proceedings. Should he find that display a trifle uninteresting Castro can see a more thrilling spectacle by turning his eyes toward the mountains, where an ihsurrection goes merrily on and fierce revolutionists are clamoring for his place, his prop- erty and his head. Amid all these troubles Ca$tro seems to bear him- self with an”easy command of vituperation and an unfailing ability to sidestep every blow aimed at him. As an orator his invective attracts admiration, while as a fighter his sparring for time is masterly. In the end he will fall. Even Napoleon could not withstand his foes forever. It is, however, safe to say that he will not fall hard. When he decides to leave Vene- zuela we may expect to hear that he will leave his troubles also, and, going to Paris, settle down to enjoy the rest which his self-made fortune will gild sufficiently to make pleasing and gay all the days and nights that remain to him. A MAN OF TROUBLES, RESIDENT CASTRO of Venezuela has been ~Woodrow Wilson, having taken his seat as presi- dent of Princeton and cast a supervising eye over the campus, has come to the conclusion that he needs $12,500,000 to start a new era with; and so, like other university presidents of the time, he begins his career by passing round the hat. _— " The Board of Education is again at its tricks at- tempting to coerce teachers out of the School De- partment. Some friend of the members of the board should suggest to them to confine their strenuous energies to the profitable field of building contracts. —_— President Roosevelt has sent, as a mark of Ameri- can friendliness, twenty silver watches to as many Samoan chiefs. William Jennings Bryan will prob- ably use this as a campaign argument in favor of silver. | i ¢ ! mh o There is talk of adding an examination in music as a test for admission to Harvard College, and it may be the preparatory schools of the future will have,to | introduce the trombone as a means of exercise, It has even been charged that he | PUBLIC RECEPTION WILL BE HELD ks TO-DAY ON STEAMSHIP _SILVERTOW!\E THE PICKING AND THE SCIENTIFIC CORPS. VIEWS ON BOARD THE TRANS-PACIFIC CABLE-SHIP SILVERTOWN, INCLUDING THE PICKING UP GEAR, THE HONOLULU END OF THE LONG DEEP SEA WIRE AND PORTRAITS OF CHIEF ENGINEER WHITH — XTENSIVE preparations are’ being made for the reception to the gen- eral public on board the cable-ship Silvertown this afternoon. Yester- day the decks and sides of the big ocean machine shop were scrupulously scrubbed and polished and the complicated gear carefully inspected. Yards of streamers and gay colored bunting were also bent on waiting halyards, ready for hoisting in the morning. Contrary to the general impression | ashore, officers and crew are quite eager for the reception and not at all backward in expressing the hope that there will be no limit to the number of the fair sex in the crowd, which is to be given the run of the ship between the hours of 1 and 5 p. m. The Silvertown’s complement includes three hydrographers, four expert accountants to keep tab on the amount of cable paid out, four cable engineers, nine electricians, one electrical engineer, nine supervising engineers, forty-one cable machinists, Captain David Morton, five ship officers and a crew of eighty-six seamen, 163 in all. As Englishmen and seamen they are natural lovers of beauty, and having heard much of San Fran- cisco’s proud possessions in the feminine line, they look forward with much eager- ness to this afternoon. ; 1t will be a great day, too, for President Mackay has sent special invitations to the members of the variou§ commercial bodies of the city to come and bring along their sisters and their cousins and their aunts, not forgetting wives and daugh- . gvumerous jaunches and probably a specially chartered ferryboat will be pro- | vided to transport the throng of visitors | to and from the ship and the Folsom- | street dock, while hospitality of the real, | hearty English kind will prevail on board. And there will be plenty of it, for the Sil- | vertown's storerooms are liberaily pro- | vided with all kinds of good things to eat | and to drink. | Live cattle, sheep and poultry in large numbers are installed on the main deck ready to be slaughtered during the voy- age. To feed so large a crew it is neces- | sary to kill one bullock and three sheep | every other day, besides the poultry, game and other foods consumed. In fact, comfort and good living is the general | rule on board, for the cabins and officers’ | staterooms are as handsomely fitted as a man-of-war, while the crew’s quarters are | clean, wholesome and roomy. There is even a hospital and a surgeon listed | among the many conveniences. To-morrow afternoon a return reception | | SR, Aot RO | will be tendered to Mr. Mackay at the Palace Hotel by the officers of the mer- cantile organizations of the city. The programme will include a luncheon and numerous congratulatory speeches. If the weather proves favorable the Silver- town will begin her long voyage to Hono- lulu Friday morning by laying the shore end at the ocean beach and splicing It to the underground section already laid. The high wind and big breakers of yester- day, however, did not give much promise of so early a start and several days’ de- lay may be necessary. The following telegram from Governor Gage concerning the reception to Mr. | Mackay was received yesterday: To Andrea Sbarboro, Chairman General Com- mittee, Reception to_Officers Commercial Pa- cific Cable Company, Sen Franeisco, Cal.: Your kind Invitation to attend reception on Thursday next just received. With much pleasure I ace cept your courtesy and shall attend. HENRY T. GAGE. Clarence Mackay gave a dinner last evening in the conservatory of the Palace Hotel «to thirty-five of the officlals who are employed in laying the cable. In the center of the table was a handsoms floral piece, representing the steamer Silvertown, which will lay the cable. During the evening many bright specches were made and the party broke up at a late hour. PERSONAL MENTION. Mayor George B. Catts of Stockton is at the Lick. J. F. Landers of Portland, Ore., Is at the California. C. Borger, a mining man of Campo Seco, is at the Lick. Robert Blackman, a capitalist of Phila- delphia, is at the Russ. M. T. Dooling, an attorney of Hollister, is registered at the Lick. State Senator W. W. Willlams of Fal- lon, Nev., is at the Russ. James E. Fenton, a mining claim owner of Nome, is registered at the Palace. P. W. Morse, a well known business man of Watsonville, is at the Palace. Pay Inspector J. E. Cann of the Phila- delphia is registered at the Occidental. E. S. Churchill, a banker of Napa, is at the Palace, accompanied by his wife. Thomas H. Mallory, a mining man who makes his residence at Fresno, is at the Lick. D. T. Sheehan, a well known resident of Vallejo, is among the arrivals at the Occi« dental. 2 ‘W. E. Gerber, State Figh Commissioner and a banker of Sacramento, is at the Palace. 'W. J. Potter, a newspaper man of Cleve- land, Ohio, is at the Russ, accompanied by his wife., F. M. Sheidler, a merchant of Eureka, is in the city for a few days a.nd\haa made his headquarters at the Lick. John Finnell, one of the best known fruit growers of the State is here from Tehama and is staying at the Palace. C. H. Hall, a captain in the United States transport seryice, returned from New York yesterday and is registered at the Russ. Jay W. Adams, coast representative of the Nickel Plate Line, has been laid up at his home for three weeks with a broken ankle. He leaves to-night for a flying trip to Chicago, accompanied by his wife. Californians in Washington. WASHINGTON, Dec. 8.—The following Callfornians registered here to-day: At theSArlington—J. Coffa and daughter, Curtis H. Lindley and John M. Wflghtej of San Francisco. At the New Willard— McJ. Storrs, wife and maid, child an nurse and Miss Eiseberg of San Fran- cisco and Willlam H. Taylo® of Cali- fornia. ——— Are Admitted to Bar. The Supreme Court vesterday admitted the following named applicants to the b of California: W. K. Strong, Frank :Ir Altken, Alfred R. Needles, Harry. Al Krouse, T. 8. Gray, Harry Aaron Holl- zer, Leo F. Tormey, Harry S. Henion, J. F. Douglas, Charles P. Snyder, William T. O'Donnell, Charles Tupper King, F. V. Kington, Robert B. McMiilan, Eb Huf- faker, Aloysius B. Foley, John H. Saun- ders, Robert M. Rankin, Charles Irving Wright, James E. Guinano, Silas G. St. Jchn, W. W. Burnett and Ernest Eugene Ferdun. ———— Prunes stuffed with apricots. Townsend's.* ————— Townsend's California glace frult and | candies, 0c a pound, in artistic fire-etched boxes. A nice present for Eastern friends. 639 Market st., Palace Hotel building. * e Special information supplied daily to business houses and public men by the Press Clipping Bureau (Allen’s), 230 Cali- fornia street. Telephone Main 1042. * A farmer of Glentwood, Susquehanna County, Pa., will start a crow farm, de- T:gning to sell v:lngs and heads to mil- ners. Guillett’s Christmas extra mince bles, fcs cream and cake, 905 Larkin st.; tel, Bast 195.* —————— Luxuriant_hair with its youthful color as- sured by using Parker's Hair Balsam. Hindercorns, the best cure for corns. 15cts, —_—————— When a pretty woman blushes her friends say, “You are blushing,” but when a plain woman blushes they, say, “How red your face is!"—Atchison Globe, ANSWERS TO QUERIES. LIVERNASH—A. 8, City. E. J. Liver- nash was first nominated by the Union Labor party and then indorsed by the Democrats. MARRIAGE—A. O. 8., City. Two peopls residing in San Francisco may go to any county in the State, obtain a marriage | license, and get married. The license, however, can be used only in the-county in which issued. KANOUSE—J. H. R., Oakland, Cal. It will be imflossible, at this time, to give the vote that was cast for Theodore D Kunouse in this State at the last held election, but it will be published in The Call as soon as it can be obtained. MAID—Young Housekeeper, y. There is 10 set rule setting forth ti duties of 2 maid in a house ‘“where there is only a cook and a maid.” It is all a matter of arrangement between the employer and the maid. LEGAL HOLIDAY-W. L. M. and Others, City. In the State of California every day upon which a general election 1s held is a legal holiday as much as any other legal holiday, consequently the 4th of November, 102, was a legal holiday in its fullest sense. » 4 ‘‘OFF WITH YOUR COAT!” SAID SHOE. TOE CAP, YOUR CHEAP AND BRITTLE at $3.50, bas the mm the sémovable seal on the outside will prove Bold only in 45 Regal Stores, from New York THE SAW TO THE BLACK BOTTOMED ““T'LL SHOW THE PEOPLE YOUR SCRUBBY INSOLE, YOUR CARDBOARD SUBSTITUTE FOR AN OAK SOLE ” Oak sole of & $6.00 shoe, and to San Franeises and Lendon. Also by mail, BAN FRANCISCO STORE, COR. GEARY AND STOCKTON 578