Indianapolis Journal, Volume 49, Number 203, Indianapolis, Marion County, 22 July 1899 — Page 5
1
THE INDIANAPOLIS. JOURNAL, SATURDAY, JULY 22, 1890. H
7
t
VILL OPEN NEW ROUTES
COilMCnCK AVI Ll ME BEXEFITED BY rnoroiED Chinese railways. Canton-Hani ovr Line, to lie Contraded lr American, AVI II Be One Link of a Great Chain. Spcial to the Indianapolis Journal. WASHINGTON. July 21. The proposed American railway line in China will, if existing agreements are carried out and the line constructed, prove an important link in a system connecting all of China with all of the outside world. Railway lines now existing", under construction or projected form a great circle swooping from Paris across Germany, Russia and Siberia to the Pacific, thence southwardly through China, skirting the Pacific coast, thence eastwardly through Burmah and India to the Indian ocean and Arabian sea, and pushing1 thence for passageway through Persia to complete the grand circle of all the continent of Europe and Asia. Recently published statements by the treasury Bureau of Statistics show that the Canton-Hankow line, which the American syndicate has agreed to construct, end which agreement it is now asking the Chinese government to confirm, stretches northward from Canton to Hankow, the principal Interior city of China, some six hundred miles, and that a Belgian syndicate has a concession for construction of a road from Hankow north to connect with the exla tie s line now reaching Peking, the capital of China; alio, that the American syndicate has an) cption for the right to construct this Hankow-Peking line providing the Belgian syndicate shall omit to take advantage of Its concession. From Peking a road will connect with the Russian-Siberian line which Is now under construction to Port Arthur, thus making the proposed American line an Important link in a great system which will stretch from St. Petersburg by way of Siberia and Port Arthur through China to Canton on the coast of China Immediately opposite the Philippine islands, only six hundred miles away. From Canton wistward through southern China British interests have projected railway lines to the southwestern extremity of China, where they will connect with the present railway system of Burmah, and in turn with that of India, where 20,00 miles of railway are now in operation. From the western terminus of the Indian railway line at Karachi to the point in Persia toward which Russian engineers are now rushing surveys for railway lines is but a few hundred miles, a gap easily filled whenever British Interests find it advantageous to encourage direct railway intercourse between India and the railway systems of southern Europe. Thus th proposed American railway line in China la to form an Important link In what promises to be in the comparatively near future a grand railway system skirting the shores of the continents of Europe and Asia and bringing1 the Orient Into direct railway communication with all Europe by both a northerly and a southerly route. This great Intercontinental belt line will touch the Pacific at Canton, the entrepot .of the most densely populated part of China, at & distance of about nine thousand miles by rail from the great commercial centers or Europe, measuring by way of the transslberian road now approaching completion. From Canton to the Philippines is but six hundred miles and to San Francisco 6.381 miles, and to New York by way of a Kicaraguan canal, an all-water route, but 11,505 miles. Thus, whether by rail connection, or the less expensive method of transportation by water, the interest of the United States in the commerce of the Orient increases materially with the developments of the year and prospective developments under discus sion and serious consideration. Interest in the commerce of China la increased materially by the recent develop ments in regard to transportation and privileges of foreigners, a recent publica tlon of the Treasuy Bureau of Statistics shows that over 3.(KO miles of railway are now projected in China, over 3,000 miles of telegraph in operation and that by recent action of th Chinese government the water ways of China. Its most Important means of internal traffic at the present, have been cpened to foreign commerce and foreign vessels, a recent edict announces that for eign vessels may navigate the streams of all provinces of China In which trealy ports re located, and as treaty ports are now cistriDutea practically over the entire empire this means that foreign vessels may 'navigate the streams of substantially all parts or mat great country ana carry with them the citizens of other countries and their products; Tho natural waterways of China aggregate, it I estimated, fully 10.000 mues in length and this, combined with the proposed railway systems when completed. will offer to other parts of the world com mercial opportunities or great importance, whether reached by rail fom the commer cial centers of Europe or by water from our acinc or Atlantic seaDoaras. TO ENFORCE ANTI-TRUST LAW Jferr York's Attorney General Treed to Begin Prosecutions. ALBANY, N. Y., July 21. P. E. Dowe, president of the Commercial Travelers' League,, has been in consultation with the attorney general and J. Newton Fiero, who acted as special counsel in the enforcement of the anti-trust law two years ago. with regard to the enforcement of the Donnelly anti-trust law. Mr. Dowe was authorized to consult the attorney general at a meet lng of tho Commercial Travelers' League held In this city some two weeks ago. At torney General Davies stated that he was prepared to proceed to enforce the nrovi slons of the act as soon as he was placed In possession of facts which would warrant the belief that evidence could be obtained uiucient to maintain an action. He pointed out to Mr. Dowe that by reason of the repeal of the act of 1S97 by the present act It was necessary to show violations of the law since the enactment of the present law In May last, and that, in view of the dtmcultics In obtaining the examination of witnesses under the previous act, it was desirable that he should bo In possession of sufficient facts to warrant a vigorous prosecution. In case proceedings should be commenced. Mr. Dowe stated that much of the information in his hands was confidential having been given him by persons whose names he was not at liberty to disclose, but that he expected to be able to obtain consent of somo or all of the persons in possesiIoJ2 ,0' thd, facls so a to communicate sufficient information to the attorney neutral to warrant him In taking proceedings under the Donnelly law for the examination or witnesses with a view to commencement of an action. TRAP FOR MEXICO. New York Gold Loan Opens the Way to Collect Biff War Loan. NEW YORK, July 21.-By a shrewd legal move in this city yesterday the republic of Mexico may be compelled to pay or compromise an ancient and long ago repudiated claim against It for millions of dollars. An attachment was served by Deputy Sheriff Leavitt on J. P. Morgan & Co., where the republic of Mexico is alleged to have a large account. The attachment was Issued by Judge Gelgerich in the Supreme Court, and Is based on a Judgment In favor of John G. Ilassard for $3,075,000. If Mr. Hassard eventually succeeds in getting the money the case will be in tome respects remarkable. His claim harks back to the turbulent days of the revolution which finally overthrew the empire of Maximilian and founded the republic. Prior to and during the war In order to rtise money to carry it on many of the Mexican state negotiated loans on bonds, disposing of them wherever a market coulj be found, hen the present republic was pnahy formed by an amalgamation of all the states many of the states repudiated their indebtedness or paid It by refunding lTi ftdi the "PuMic. In this deal some of the holders of the original bonds were left out through failure to take proper steps or ignorance of the scheme. To this clas of debtors belongs Mr. Hassard. He became the owner through a business transaction of 3,05 of the bonds i?3ued by the United States of Mexico and the states of Tamaullpas and Ban Luis Potosl. each bond being for Jl.uO, bearing 7 per cent, from the day of issue. Sept. 1. Ii3. They were redeemable; after twenty years. XIr. Ilassard made strenuooi attempts U
obtain payment of the principal and Inter
est. He appealed to tne Mexican government, but got no satisfaction. Eventually he brought suit, and years or miration resulted, ending In his obtaining Judgment. Mr. Hassard, however, has never until now been able to find any property of the defendant government within the Jurisdiction of the United States. His opportunity came when the Mexican government allotted to J. P. Morgan & Co. a gold-loan for negotia tion amounting to fuu,w.,vu. it is understood that S23.W.O0O worth of these bonds are to be disposed of in the United States and Amsterdam, while the remainder are as signed to England and Germany. The bona3 have so far had ready sale on the curh at prices ranging slightly above par. They were quoted to-day at Vfl. with interest. All the money coming Into the hand3 of J. I. Morgan & Co. from the sale or tnese bonds is subject to Mr. Hassard's attach ment. . The principal and Interest on tne Donas Mr. Hassard holds now eraount to more than 110.000.000. It was said to-day that a certificate will be given by J. P. Morgan & ... . A. 1 T U.J Co. slating wnat property ni me biuieu States of Mexico and the other two states is in the firm's possession, and that the nrocertv will either be handed over to the custody of the sheriff to await the outcome of the suit or a cona ne given to secure me Eroduction of the property when demanded y the court. GOLD IN CIRCULATION AX INCREASE OF $14,00.1,521 IX THE MONTH OF JUNE. Treasurer Roberts Thinks More of It Should De Used Our Stock of Gold Nov Nearly f 1,000,000,000. OCEAN CITY. Md., July 21. Speaking be fore the Maryland Bankers' Association to day Ellis H. Roberts, treasurer of the United States, said: "Since July 1, 1S3S, the gold In circulation has grown by $62,100,579. and the net amount in the treasury, then 21S9,444.714. has become about $21(5,000,000 the highest figures in our annals. Such an In crease in the yellow metal available for currency with the demand for additional circulation gives vital form to the question. why not add to the use of gold coin? Un der existing laws the volume of United States notes la definitely restricted, while silver certificates cannot exceed the stand ard silver dollars In the treasury, nor the treasury notes run beyond the bullion held against them. The national banks, while adding to their circulation $13,431,904 from July 1, 1S0S, to June, 1S99, are now quite eteadlly drawing in their notes. Without new legislation the only way to increase the currency Is by the use of gold coin. Gold last year went into our circulation at the rate of more than $3,000,000 a month, and during Jury last the growth was $14,063,521. "Obviously the question for bankers about gold coin la not can you get it? But, will you use it? Tho figures show that an affirmative answer has been rendered In consid erable degree, with some protest doubtless, and more or less under stress of necessity. The concession la to be made that in this part of the country prejudice against the actual handling of gold coin because of its abrasion, because of the danger of mistaking It from silver of like size, and in large sums because of its weight. But our fellow-citizens on the Pacific coast prefer gold com to pa per, and the bank tellers there insist that the former Is morgj convenient in daily traneactions. Thope who travel in Eurooe tes tify also that the British sovereign, the French Napoleon and the German double crown are in constant circulation In all coun tries. "The stock of gold In the United States exceeds that in any country In the world. and Is estimated to be $375,454,000, and Is 50.03 per cent, of all our circulation and 12.81 per capita of our population. France, with the next largesst stock. 310,V),00O. exceeds us in its per capita, $2L06. The ratio in Great Britain of gold to all currency is 65.2 per cent., in uermany fo.&U. and in France 59.82. The per capita in Great Britain la 111.01. and in Germany $12.78. We cannot doubt that Congress will at its next session put the Nation clearly, definitely and permanently on a gold basis. Does not that mean more than that gold shall be our money of account? It must purport that all forms of currency snaii De excnangeauie into that of the legal at ln, HEIR TO MILLIONS. Romance of Edvrurd Wrlftht, a. Coun try Tovrn Telegrapher. WAUKESHA, Wis., July 21. Edward Wright has at last secured the fortune which he has been endeavoring to get ever since his aunt, a rich English lady, died seven years ago. It has been estimated that the estate is worth $3,000,000, besides family jew els valued at $500,000.' Mr. Wright was seen at the little country' station of Helensvllle, where he Ls agent, and confirmed the report that he had proved his title to his share of the estate. He said there were three heirs, himself and two uncles. He said that the uncles were connected with one of the larg est firms in the country, but would not give their names. When asked how much money he would get Mr. Wright refused to tell, but Intimated that it was a eood round sum. H la head has not been turned by his good rortune and he says he will continue to per ioral his duties as station agent at Helensvllle for some time vet. Wright is not his real name. His actual name ls Don Razaza and his father was a Spaniard. His grandmother was married a second time, her second husband being Rev. II Burden Wright, formerly of thla city. now archdeacon of the Episcopal diocese in .Milwaukee, air. itazaza was adopted by Mr. and Mrs. Wright and took their name. He was always of a roving disposition and early expressed a desire to go to sea. His parents opposed this, and he ran away and chipped as a midshipman. After giving up the life or a sauor ne married and took up telegraphy. He has a wife and eleht children. Adelaide, the eldest, has been employed as a a operator by the Western Union Telegraph company at Jbvanston. The eldest son. E. P. Wright, is day operator at Levden. Wis. Mr. Wright, or Razaza, ls an enthusiastic sportsman, and to his love for the chaise he owes the loo of a leg. He shot his left leg in sucn a manner several years ago that It had to be amputated near the hip. The newly rich man thinks he will retain the name of Wright. Last week he went to Chicago, where he and his uncles saw the Birtish consul and made arrangements to secure the estate. To-day he rtcetved a telegram from hi attorney announcing that the estate naa been turned over. NEWSBOYS ON STRIKE Refuse to ray War Time Trices for the Evening Papers. NEW YORK. July 21.-Unwllllng longer to pay more for the Evening World and the Evening Journal than they considered them worth, several hundred newsboys yesterday struck and refused to sell those newspapers. The boys objected to paying war prices for the newspapers and decided to adopt vig orous measutes as a reminder to the pub lishers that the duban war has ended. Soon after the blowing up of the Maine the cost of the Evening World and the Evening Journal to the newsboys also was blown up. Before the war the newsboys paid 50 cents a hundred for their papers, but with the war the publishers raised the price to 6u cents a nunurea. When Santiago and the war circulation fell these newspapers still maintained their war prices to the newsboys, who decided yesterdav to adont de cisive measures. When the early editions of the evening newsDauers were offered to the boys they refused to buv. Thfv de manded a return to the prices that prevailed prior to the war. The circulation managers rerused. The newsboys made a rush for the distributing agents, taking from them bundles cf the Evening World and Evening Journal and scattering the newspapers about the streets. They at tached every Doy wno presumed to sell the papers, tore up his wares and routed him. Every little news vender scuth of Fiftyninth street who escaped a. trouncing was a member of the Newsboys' Union. Epworth League Report. The Journal will contain full and com plete reports of the proceedings of the Enworth League convention. Copies of the paper, from July 20 to 24. inclusive, will be mailed to any address for 15 cents. The complete set will be mailed in one bundle at the close of the convention. Mail us your order, with the money, or call at the business office of the Journal. Monument Ucu
THE TRADE SITUATION
STRENGTH IN ALL MARKETS . CON TINUES AND PRICES HIGHER. Neither Dan & Co. Nor Bradstreet, In Their Trade nerlen, Can Find Discouraging Conditions NEW YORK, July 21. R. G. Dun & Co., In their weekly review of trade, will say: Optimism Is always popular, but more than half the time dangerous Seven years of halting and reaction historically follow three of rapid progress. But the three of progress have not yet rassed, and the most cautions search discloses no sign of halting. Foreign anxieties have been real, but seem to be passing, and Europe has begun paying liberally for more food without expecta tion that securities can be sent in settlement. The extensive labor strikes have vanished and the local strikes do not af fect national business. Fears of new and powerful corporations lessen as It is found they are controlled by the same laws which govern small companies. Above all, the general evidences of prosperity continue" convincing. Failures are the smallest ever known for the season, railroad earnings the largest and solvent payments through clearing houses in July have been 43.6 per cent, larger than last year and 62.3 per cent. larger than in 1532, the best of previous years. Official returns of the most wonderful year in the Nation's commerce show a decrease of $$5,900,000 In value of the great staples exported, largely owing to prices, but an increase of about $30,000 in other exports, mostly manufactures. Fear of deficient crops has been burled under Western receipts from farms amounting to 13,851,046 bushels of wheat for the month thus far, against 3,773,108 bushels last year, and 13,208,653 bushels of corn, against 6,612,315 bush els last year. Exports of wheat, Atlantlo and Pacific, have been 7,709,193 bushels dur ing the month thus far, against 7,309,259 bushels last year, and of corn 9,093,041 buehels, against 5,097,817 bushels last year. Prices declined sharply with assurance of ample supplies wheat 3 cents and corn 2i cents which Is the more significant in view of the previous heavy exports of both. Cotton also is gaining abroad largely, though the price remains 6.19 cents. Pig Iron has not advanced this week, but mainly finished products have, such as steel ralla to 9M at Flttsburg, bluets to H, sheet bars to $35.50, sheets to three cents at Pittsburg, and cut and wire nails both $3 a ton. The American Tin-plate Company set tled with Its hands by granting Id per cent. more wages and raised the price of plates fifty cents a box. Still demands do not abate, though works have to refuse many orders. In plates one large order for shipment to the Clyde was received. In bars less urgency of demand appears at tne East, but in sheet works are about filled for the year, and in structural shapes, besides 3,500 tons for bridges and 1,200 for buildings at Chicago, a proposal is reported for 3.00U tons to build a palace for the Mi kado of Japan. Coke Is unchanged In price and likely to break the record for production for this month. Tin is lifted to z.9 cents by wild speculation at London, copper ls firm at lsc and lead is said to be sold by the smelting company below 4.00c, the quoted price. Wool is still advancing, Coates Brothers circular of the fifteenth showing a rise of 2.19c since May 15, speculation being par ticularly active in nne wool because it is rising abroad, though In less demand for manufacture here than combings and me dium grades. At the three markets 35.956,100 pounds have been sold in three weeks, against 34,124.700 in the same weeks of 1897 before the present tariff was enacted. Manufacturers do not appear to be buying large ly, though the demand for goods ls better and has caused an advance in clays and some other kinds. Cotton goods are unchanged but fairly strong. Leather Is in good demand and slightly higher, and hides at Chicago rise slightly with limited re ceipts. Failures for the week have been H3V In the United States, against 207 last year, and 23 in Canada, against 17 last year. BRADSTREET'S WEEKLY REVIEW. Exports of Grain Enormous, Exceed Ins; All Former Years. NEW YORK, July 21. Bradstreet's report to-morrow will ay: The general trade sit uation has apparently lost nothing in strength. The aggregate of midsummer bus iness is of an unprecedented volume, and signs of expansion in the demand for fall and winter goods Increase. Price?, except for tho cereals, coffee, raw sugar and some dairy products, are either firmly held or tend upwards. Notable among those advancing are pork products, petroleum, cop per, tin, tin plates and raw wool, while the list of products unchanged Includes refined sugar, hides, leather, lead and cotton. Crop prospects are encouraging, the movement of grain to market ls of Immense volume, and railroad earnings consequently continue to show large increases over preceding years. N Possibilities that the present corn crop will equal, if not exceed, the largest on record have depressed prices of thla cereal to an extent equal to the decline in wheat. The corn yield In Kansas particularly prom ises to be enormous, always providing that hot wlnda do not affect the crop. Iron and steel retain all of their old strength, and while prices at the East are unchanged further advances in crude and manufactured material are noted at Chicago. Inquiry by Bradstreet shows that scarcity of supplies In this industry has exercised some influence on Industrial operations. Several mills at the Weet are reported idle because of lack of material. Structural forms of Iron and steel are also backward In dellverery, and some new work has been discouraged by fears that supplies of material will not be forthcoming. In textile circles the situation ia one of unabated strength, but particularly so in wool and woolen goods. Manufacturers are freer buyers in both the East and West. Quotations for fine grades are consequently higher, all around. In the market for finished goods orders are of large volume, particularly in worsteds, and some concerns are cutting down consumers' orders, claiming an inability to deliver. The jobbing demand for dry goods la increasing slowly at the East, and the prospects are regarded as highly encouraging. Advices from the boot and shoe trade are generally satisfactory, and little difficulty is experienced in obtaining advanced quotations demanded. An example of early activity in this line is furnished by report that Boston shipments for the first half of this year exceed those of last by over three million pairs. Leather 1s active and hides are firm, with a good margin of profit reported in the former Industry. Business failures for the week number 174. as compared with 174 last week. 1SS in corresponding week of last year. 220 in 1S97, 250 in 1S0(J and 239 in 1S93. Busine?s failures in the Dominion of Canada number nineteen, as against twenty-seven last year. Wheat (including flour) shipments for the week aggregate 3,408.073 bushels, against 3.263,815 bushels last week. 2.303.4'tt bushels in corresponding week of lfi98. 1.978,828 bushels in 1SS7. 3.073.730 bushels in 1896 and 1.263,006 bushels In 193. Since July 1 this season the exports of wheat arc::ate 10.430.$r,0 bushels, agrainst 7.942.938 ushels last year and 6.003,526 bushels in 1897. Corn exports for the week aggregate 3..294 bushels against 4.553.739 last week. 2. 522.128 in -his week a year ago. 2.293.379 in 1TO7, 1.2S3.4SS in ISM and 770.094 bushels in 193. Sine July this season corn exports aggregate 12 17 177 bushels, against 8.055.043 bushels during the same period a year ago and 7,704,626 in 1897. " 9 BANK CLEARINGS. Total This Week. l,eSl,G20,431, a Gain of 46.1 Per Cent. NEW YORK. July 21.-The following table, compiled br Brafotreet. shows the bank clearings at the leading cities for the past wek. with the percentage cf increase and decreape. as compared with the corresponding week last year: .w York R.C43.51S.2C0 Inc.M.4 P-oston 15S,2f3.6 lnc..62. CWctkgo 113.411.S36 Inc.. 20.7 Philadelphia M.443.174 Inc..2S.5 St. Louis 37.ilO.951 Inc. .39.7 Plttsburr 25.411.173 Inc..S5.4 Baltimore 23.RS1.0V) Inc.. 36 1 fUn Francisco Zl, 003.677 Inc..J7 1 Cincinnati , 13.JtS3.SCO Inc.. 9 4 Kama City 10.ST9.esi Inc.. 14.1 New Orleans .27l.t50 Inc.. S.S Minneapolis $,;s.i24 Inc. .61.4 netrolt .ia.73 Inc.XO.9 Cleve'anl 10.S22.917 Inc. .29.3 Louvll!e 1 S.C27.403 Inc..l$.7 I'rovtte&ca Ci&iOO Iac.lU
Milwaukee S.110.M2 Inc.23.1 Ft. Paul 4.333,522 Inc. .23.1 Buffalo 4.739.349 lnC..23.7 Omaha 5.949.S0 Inc.. 8.5 Indianapolis CCT.SSZ Inc.. 8.7 Cclumbus, O 5,940.300 Inc. .41.3 Evansvllle I02.9S4 inc.. 7.5 ' Totals, United States 21.wi.G0.431 Inc. .46.1 Totals outsldo New York.... 6S6.107.171 lnc..S2.0 MARCUS ISLAND SEIZED.
Taken ly Japan. Notwithstanding; It Was Regarded ns American. NEW YORK, July 21. A special to the Herald from Washington says: "The authorities have known since May the intention of Japan to take possession of Marcus Island. While there is no intention of accusing Japan of occupying the island because she thought the United States wanted it, it Is, nevertheless, a fact that cable Instructions to the commanding officer of the collier Nero, which is making the survey for the Pacific cable, contemplated one route In which Marcus Island was to enter as a cable station. Those instructions have since been modified because of the desire of the President that the cable should touch only American soil. The route which the ship is now surveying contemplates the laying of the cable between Hawaii Midway island and Guam. Marcus island, before its occupation by Japan, was considered American because of its occupancy by an American citizen. It ls a rocky, precipitous piece of land of little value, without a good har bor, and this government has never considered it American territory. According to the official with whom 1 talked to-night, it ls not proposed to dispute Japan's claims to Its possession." BRYAN RIDES ON A PASS Refuses Courtesy from One Road and Ascends Pike's Peak Free. TOPEKA. Kan., July 21. When William J. Bryan was In Colorado a few days ago an official of the Colorado Midland Railroad sent him a pass for himself and party of three from Denver to Manitou. Mr. Bryan sent the pass back to the official with a communication to the effect that It was wrong to accept free transportation from a railroad corporation. A copy of the com munication was given to the newspapers and printed. But while in Colorado, It is said, Mr. Bryan accepted free transportation from a railroad official and used it. The general manager of the Cog road sent Mr. Bryan a pass for himself and party from Manitou to the summit of Pike's Peak and return. Mr. Bryan and . friends at once availed themselves of the opportunity of a free ride and seemed to enjoy it. THE SUNDAY-SCHOCL LESSON July 23, 1SOO Daniel v, 17-31 The Handwriting on tbe Wall. There is not in literature a more vivid word picture than that which describes the last night of Babylon. The city was besieged by the united armies of Media and Persia. Yet such was the sense of security cn account of its Impregnable fortifications and its vast store of provisions that a royal banquet was indulged ia. It was no quiet and orderly state dinner, but a wild drinking bout. In th midst of It a deliberate act of sacrilege was committed when the holy vessels of the temple were put to ignobla use. When Jehovah had thus been ''dlfgraced the drunken Idolaters prostrated themselves before images of their goda. At that very moment, in the full light of the candelabra, a hand appeared 'writing some mystic legend tipon the plaster of the wall. The revelers were sober in an instant. A pallor and limpness spread over all. There was a scurrying about for the magi, but their ckill failed them. At the queen's suggestion Daniel was brought In. The king appealed to him deferentially. Never did a servant of God rhow himself more worthy of his high calling. He disdained the proffered gifts, great though they were. With relentless fidelity he pointed out Belshazzar's course as compared with that of Nebuchadnezzar. Then he addressed himself to the Interpretation of the inscription. Numbered." "Weighed." "Divided." Tho last page In Babylonian history was written. Its course was "finished." It was "weighed" by the unerring hand of the God of nations, and in spite of its phenomenal ad vantages was found "wanting." And now its -dttojn U Irrevocably sealed. It shall tx "broken." "divided" between it conquerors.' The last act of lielshazzar was the fulfillment of his vow, and the granting of the reward for the interpretation. An empty honor! to be ruler of a kingdom even then dissolving. THE TEACHER'S LANTERN. , First Rulers have a moral reFponslblllty incident upon their high position. To this Belshazzar waa recreant. Second The character of Daniel is all the more lustrous when compared to that of Belahazzar. He was faithful to God and truth. Third Daniel made small account of material rewards. He served God not for the profit there was in It. Fourth The prophet did not cringe before an absolute monarch, the crook of whose finger mignt nave oeen tne signal to lift hi head from his shoulders. He uttered his message fearlessly, without equivocation. Fifth While walking with a Hebrew professor in tne Jewish section of & city recentlrr he picked up a-hlt of newspaper. It was German printed in iieovew cnaraciers. it would, of course, be unintelligible to one who did not know the alohabet of the Hebrew. Fo the Aramalo words of the inscription on Belshazzar s wall may have been in cnaracters familiar only to .Daniel. FOR THOSE WHO DOX'T KXOW. The Trite Facta About the Alaskan Boundnry Dispute Set Forth. New York World. These, in a nutshell, are the essential facts about the Alaska boundary dispute: The boundary was defined In the treaty of 18C7, by which the United States purchased Alaska from Russia, in tho tor ma used in the previous treaty between Great Britain and Russia. Bv that d.sfl line runs from the southernmost point of i-rince oi waies isiana, m latitude 54.40, up Portland channel tn thft ?th r.i itude; thence along "the summit of the mountains parallel to the coast" to the 141st meridian of west longitude; thence along mat menuian to tne irozen sea. Two aaaea sections saia: First That Prince of Wales Island should belong to the United States. Second That when the summit of the mountains should be "more than ten ma rine leagues irom tne ocean" the line should run parallel with the sea and not more than ten leagues away from it. In 1S67 and for some vears thereafter evrv manPncion British and Canadian, as well as American snowea tne Dounaary as it is now claimed by the United States. Previous to 1SS7 th Hudson nv nAmn.nw - i V c,r VfVlU kl J had conceded the boundary as claimed by me emieu oiaies ov leasing irom Russia the coast lands within it. Some vears After thA iratv f ioct . dian officials discovered that h . Prince of Wales islands, a big one and a in i it; one. The latter, lviner at thn mnntVi nt ph, channel, was evidently the one meant in wi? treaty. The Canadians claim that the larger 3iauu iu me westward, wnose routhern point also romps down tn lattn,A c ja .miiuuc n.iv, naa the one meant. To reconcile this with the ianguage oi me treaty mey claim that the line passes northward, not through Portland channel at all. but through Clarence strait. Boehm channel and Rnrmmrhe This line would cut off many islands sold uy nussia to uie oniiea states. Canada also claims that the mountain summit means tne low mils next the coast that the thirty-five mil lino is tn ured, not from the mainland coast, but from the outer line of the lslanrta ninn tha From Mount St. Ellas northward there ls no dispute as to tne nne. it only needs sur vevinsr. In other words the Canadian claim is that the trpafv when its savi 4Tnrtir i.....ii does not mean Portland channel; that when it says -ocean u means "sounds" or land locked bays, and that all maps except Cana dian mans are absurd. The Canadian line leaves everywhere only a. narrow strip iu iana conceded to the United States. It cuts across deep harbors There are three arguments for the Cana dian claim. They are, in the order of thel impotance: First Canada wants the disputed strip. Sernr.d . fireat Britain' flet tv,- t cine is stronger than that of the United states. Third Atft.eka can't htk riiAh V. 1 -. When the United States wished to submit the question to arbitration Canada consented on condition that her claim to Dyea and Skaguay be arbitrated, and that, in any event, one jjyri on iiae water De COn ceded to her. A Canadian tide-water port would be j nerullar outcome of a th1rtv.mlia.trom.ti coast line; the United States refused. The recent conierence was a laiiure. Great Britain is apparently willing to ar bitrate the question of the boundary. Can Ada. is not. ThA matter has srftne art far rnm t Vi - nw ..v --. ..w.v wm ail rirl'rtn wmild nrobAhlv If In tfi natur of a compromise. The Dominion la willing to ns a coiuyi uiuibt n tne most import ant point, a eeaport to the Klondike re glon, ls conceded her beforehand-
MARKET FOR SOUTH SIDE
BOARD OP SAFETY ANNOUNCES IT WILL DC OPENED ABOUT ACG. 1. To Be Established br Ordinance Tvro "Cases" of Eleetrolyala Reported to Board Municipal Routine. Yesterday afternoon a conference was held by the Board of Public Safety and the Council committee cn public property in reference to the South-side market which Is about to be opened in the old street-car barns on Shelby street. It was determined to es tablish the market by ordinance, and the city attorney was Instructed to draw up an ordinance which it is expected will be passed at a special meet ing of the Council to be held Monday night. The ordinance will give the Board of Safety the right to make such rules as are neces sary for the government of the market These rules will prevail until Jam 1, when the regulations now In force at the East market will be extendc-d to the new one. The city engineer informed the board yes terday that the South-side market would be ready for use within the next ten days. The ordinance will provide for the employment of a market master at a salary of $75; a Janitor will be employed at a salary of 143 a. month, and $40 a month will be paid to a man for collecting garbage. The board has asked the Council for an appropriation to pay these salaries and other expenses until Jan. L It is hoped to have the market open for business by Aug. 1. At the meeting of the Council on Monday night the bridge ordinance, appropriating $150,000, will be considered. The conference announced to take place yesterday between the finance committee of the Council and the Board of Public Works was not held. There is little doubt the ordinance will be passed. Property owners on either side of the alley north of Louisiana street, between Meridian and McCrca streets, are to pave the thoroughfare with brick at their own expense. The Board of Public Works ratified an agreement to this effect yesterday. The Board of Works, in 1S91, adopted a resolu tion providing for the Improvement of this alley but Ex. F. Claypool, John Faehr and other property owners had the city enjoined from going on with the improvements on the ground that the alley was their private property. The ' injunction will now be dismissed. By the terms of the agrement the alley is to be paved by private con tract and tho city will have nothing to do with it. Damage by Electrolysis. Complaint was made to the Board of Pub lic Safety yesterday of damage to water pipes and gasplpes by electrolysis. The Star store, on West Washington street, was deprived of its water service because the electric current from the street railway had damaged the water pipes. Electrolysis appears to be strongest on Washington street, between Senate avenue and the pow er house of the street-car company. The electric current that passes through the rails is the heaviest in that neighborhood. It is claimed that about the only way to do away with electrolysis it to prevent the current from leaving the rails and passing into the ground. City officials are of the' opinion that the welding of the rails by tho streetcar company will have the effect of preventing electrolysis to a considerable extent. Yesterday John R. Pearson, of the India napolis Gas Company, brought a piece of brass pipe to the office of the Board of Safety to show the ravages of electrolysis. This was badly eaten by electricity. Under the franchise granted by the city to the street-car company the city has authority to make such regulations as will prevent any damage to property as a result of the com pany operating its lines. i . . THE COURT RECORD. Criminal Conrt. Fremont Alford, Judge. State vs. Harry Johnson; embezzlement and petit larceny. Defendant fined $1 and sent to county jail for sixty days. State vs. Fred Gebhart; assault and battery. Defendant's motion for new trial overruled. Nerr Salts Filed. Amy Cummings vs. Nathan Berkowitr et al.: da ma Res. Superior Court. Room 3. Lydia Schwal vs. Charles W. Schwal'et al; pult for support. Superior Court, Room 2. Sarah Wedel vs. August Wedel et al.; suit for support, superior court. Room 1. Tobias Rock vs. Henry Dollman et al.; mechanic s lien, superior Court, Room 2. VITAL STATISTICS JULY 21. Births. James and Theresa Meyer, city. boy. William and Maggie Jones, 1117 East Seventn street, gin. Deaths. Frederick Wehling, sixteen months, 1417 Kennlngton avenue, menlncitls. Florence Wininger, thirty-four years, 117 East Sixteenth street. Dneumonla. James B. Harter, forty-six years, W3 North Senate avenue, rmeumonfa. Arthur Smith, eighteen months, Orphans Home, pneumonia. Timothy W. Melshlmer, seventy-nine years. snover avenue, senility. Ella Voght, thirty-two years, 213 East court street, meningitis. Olarrlnfre License. Cyrus B. Bristol and Hattle M. Forrest De Hart McCandless and Ora Stevenson. Taxation of Railway Property. To the Editor of the Indianapolis Journal: A few years ago our present tax law was enacted, and afi a result, for the first time. railroad properties were assessed as other property, notably real estate, at something ke their real value. At the time the rail road property waa so largely raised farms and city real estate were brought up to near their selling price. This, of course, was not agreeable to any of the parties having the burden of increased taxation to bear, but all have ctood the raise patriotically as a mat ter of State necessity except the railroads. They have each year made a determined fight for a reduction of their assessments. and have succeeded in a measure in causing considerable reductions in their assessments. But as to other property the high-water mark has been uniformly maintained and even advanced. The railroads are again be fore tne state noard centendingr for reduc Hons, and appear to be convincing the board that they should have further relief. The arguments used are that lome of the roads are not money makers, or that the present tax amounts to i per cent, of gross earnings, as one raiiroaa representative said before the board. The same line of argument would exempt threefourths of the real estate in the State from taxation. Individuals are paying from 23 to 33 per cent, in the way or. taxes on an average of the grosa income derived from their real property, and in many cases the tax exceeds the gross Income from the property. The railroads of Indiana have enjoyed practical immunity from taxation for over twenty years, and It will be both a mistake and an outrage to begin to retrace the steps of progress that have been made towards making them share a Just proportion or taxation. J. II. CLAYPOOL. Indianapolis, July 20. Pensions for Veterans. Certificates have been Issued to the following named Indianlalns: Original Stephen Kratser, Laporte, $; Handle T. Inman. Bloomfleld, 217; David Harper, Parker. $3: William Jones, Richmond. S6; Alexander M. Gilbert, Redkey, 26. Additional William R. Ogden. Forest Hill, SS to 110. Supplemental August Meyer, Freelandvllle, Restoration and Increase Noah Evinger (deceased!. Sand ford, $12 to $17; Joseph Dunbar (deceased), Ligonier. SS to $12. Restoration and Reissue James 1 Sl83on (deceased), Converse, $72. Increase Newel Brown, Rano. $14 to $17. Reissue Lafayette Turner, Vevay, $14. Original Widows, etc. Leah Dunbar, Uironier. 23: Mary C. Wheatley. Mosby. $12; Amanda Alcorn, Dublin, $12; Matilda 22.1 Ball, cammacK,
COPY OF STATEMENT OF THE CONDITION - OF THE
Standard Life and Accident Insurance Gnnpny
On the 30th Day It ta located at 125 Grlswold D. II. FERRY, "President. The amount of Its capital i The amount of Ita capital paid up la THE ASSETS OF THE CO 31 PAX Y Cash on hand and in the hands of agtnta or other Real estate unincumbered Bonds owned by the company, bearing interest at aa follows: State, county and municipal bonds, market Railroad bends, market value Loans on bonds and mortgages of real estate, worth same la mortgaged, and free irom any prior Debts otherwise secured Debts for premiums (net)
Total assets f3i5.llt.tt LIABILITIES.
Losses adjusted and not due, losses unadjusted, proof Amount necessary to reinsure outstanding risk Total liabilities The greatest amount in any on rltk, $20,000. State of Indiana, fcfflce of Auditor of State. I. the undersimed. Auditor of Stat of the Stat correct copy of the statement of the condition of
June. 1S99, as shown by the original statement, ana tnat tne aaia cnginai aiaaement i now oa file la this offlce. In testimony whereof, I hereunto subcrtbe my nam and affix my official teal tkls SEAL. 20th day of July. 1S. W. H. HART. Auditor of Btat. awBaaaa a J
COPY OF STATEMENT OF
Milwaukee Fire Insurance Company
On the 30th Day It is located at Not. 442 and 444 City JOHN C. PICK, Vice President. The amount cf its capital ls The amount of Its capital paid up la
THE ASSETS OF THE COMPANY IX THE V. S. ARE ,S FOLLOWS! Cash on hand and in bank 2.4i.4 Bonds owned by the company, bearing interest at the rate of 4, 44 and fi per cent, - , cured as follows; United Statea bonds, market value 129.O00.ce State, county and municipal bonds, market value r7.03s.09 Railroad stocks and bonda, market value 64.2C.iO Loans on bonda and mortgages of real estate, worth double the amount for which th came la mortgaged, and free from any prior Incumbrance l24.ino.(K Debts for premiums M.W7.I1 All other securities, interest due and accrued 2,721.71
Total assets
LIABILITIES.
Losses adjusted and not due Losses unadjusted Loeses in" suspense, waiting for further proof, and All other claims against the company, reserve Amount necessary to relnsur outstanding risks Total liabilities The greatest amount in any on rltk. $10,000.
6tate of Indiana, Offlce of Auditor of State. I, the undersigned. Auditor of State of the 8tate of Indiana, hereby certify that the above is a correct copy of the statement of the condition of the above-mentioned company on the 20th day ef June. 1S99. aa hown by the original statement, and that the aald original statement ta now on file In this office. ...... . - - . . .v. In testimony whereof, I hereunto subscribe tny nam and affix my official teal this SEAL. 20th day of July, 1833. W. II. HART. Auditor of State. COPY OF STATEMENT OF THE CONDITION OF THE
Maryland Casualty Compamiy
On the 30th day of June. 1899. It Is located at Equltablo building. Baltimore. Md. JOHN T. STONE, President. WM. EDW. THOMSEN, Secretary. The amount of its capital it rrso.ood M The amount of itt capital paid up la 750.000.00 THE ASSETS OF THE CO 31 PAN Y IX THE V. S. ARE AS FOLLOWS! Cash on hand and in the hands of arentt or orher peraona I1U.C1U Bonds owned by th company, tearing interest at the rate of per cent., securtd as f oilOWS! Vnlted States bonds, market value 24.S$.$ State, county and municipal bonds, market value tM.m.1) Loans on bonds 501.551.73 Debts otherwise secured. Interest due ahd accrued, unpaid iTS.tf Debts for premiums, grots premiums unpaid. les commission 1C7.701.4I Ail other securities, agents' due balances, IX6.5S; furniture, 1100 Total attets $1.73.ft!.ia LIABILITIES. Losses adjusted and due, losses adjusted and not due, losses unadjusted, loss la suspense, malting for further proof W.IO Paid up capital tM.COO.t) . All other claims against the company, turpi ui beyond all other liabilities. C17,2:il Amount necessary to reinsure outstanding rlska IZS.ZLS.l) Total liabilities tU2,t:$.l) The greatest amount In any one risk, $20,000. State of Indiana, Office of Auditor of State. I. th undersigned, auditor of state cf the Stat of Indiana, hereby certify that the above Is a correct copy of the statement of the condition of the above-mentioned company on tbe XCth dzy of June. 1S99, aa shown by tbe original atatemcnt, and that the said original statement It now ea file in this offlce. In testimony whereof I hereunto subscribe my name and affix my official feu tnlj SEAUl 21t day of July. 1803. W. II. ItAHT. Auditor of State. . - , 3 COPY OF STATEMENT OF THE CONDITION OF THE Westchester Fire Insurance Comp'y On the 30th day of June, 1899. It It located at No. 6 Wall street. New York city, N. T. , ' - GEORGE R. CRAWFORD, President. M. O. BROWX, eecrtttry. The amount of ita capital ls 2J00.OO0.ej The amount of Its capital paid up is 200.OCfl.t3 ' THE ASSETS OF THE COMPANY IX THE U. S. ARE AS FOLLOWS I Cash on hand and In the hands of agentt or other persons 21&2.rnt2 Real estate unincumbered X17,tn.tl Bonds and stocks owned by the company, bearing lnterett at th rtte of various per cent., at per schedule filed, market value LWJ.tCXW Loans on bonds and mortgages of real estate, worth doubl the amount for which th same it mortgaged, and free from any prior incumbrance ..y CJ.UIW Debts otherwsle secured J.t,tc? Debtt for premiums Z24.i.fl All other securities, interest due and accrued ' Total sssets ...22.C7S.7Sl.tt LIABILITIES. Losses adjusted and not due EH'H Losses unadjusted fr?2-H All other claims against the company ,'L II Amount necessary to reinsure outstanding ritks l.v7a,J.ZJ Total liabilities fl.as.lfl.Ci State of Indiana, Offlce of Auditor of State. I the undersigned, auditor of etate of the State cf Indiana, hereby certify that th above Is a correct copy of the statement of the condition of the above-mentioned company on the SOth Jay of June. 1S99. at thown by the original tUtement, and that th said original ttateraent it now on file in thlt jffljes'fllinon wj,ereof j hereunto tub scribe my name and affix my official seal this SEAL. 20th day of July. 159. W. H. HART. Auditor of State.
COPY OF STATEMENT OF THE CONDITION OF THE UNITED STATES BRANCH OF THE Aachen and Munich Fire Insurance Company On the 30th Day of June, 1899. It is located at No. 205 La Salle street, Chicago, III. JOSEPH A. KELSEY. Manager. Home Office. Air la Chapelle, Germany. The amount of its capital it J2!'! 22 The amount of Its capital paid up ls 450.otv. THE ASSETS OF THE COMPANY IN THE l S. ARE AS FOLLOWS! Cash on hand and In the hands of agents or other pertons 2S.7ILH Bonds owned by the company, bearing Interest at the rat of - per cent., seoirei as follows: , . ,,( U. S. government bonds. 1323. 4 per cent., market value XMS'S Common stock city of New York dock bond. 1325. 2 per cent., market value 2-J A.. T. A S. F. Ry. Cos bonda. market value 24 .JJ..i3 Union Pacific Railway Co. bonds, market value o Northern Pacific Railway Co. bends, market vslu h'3zl C. R. I. & P. Rr Co. bonds, market vslu Debta otherwise secured Debts for premiums , Total assets I7M.C1.77 LIABILITIES. Losses adjusted and not due J? Lotses unadjusted a it All other claim against the comrsny- mo an Amount necessary to reinsure outstanding risks - SWtwl ca Total liabilities ;V"V' fW.vtt.ll The greatest amount In any on risk. IM.coo. 6Ui' ?i.X?n Stat, of Indiana, hereby certify that th. .Mt I. a. correct corr cf the ttatement of the condition cf th above-mentlcned company on the th day of JuTe lS aS shown by the original statement, and that the said original tUtement It nre o file in this whereof x fcejeunto subscribe my rami . and tfflx y aeltl teal tbls SEAL. 20th day of July. 1W9. W. H. HART. Audits cf SUt.
THE SUNDAY JOURNAL
By Mail, to Two Dollars
of June, 1899. atrert, Detroit; Mich. C A. LEONARD, f ecretiry. $rl.0nafl0 , 200.M).v0
IX TOE U. S. ARE AS FOLLOWS! peraona t'V2-".rS the rate of 3 to i per cent, secured 71.8S7.1S value 07,2SS.i fO.OCO.U double the amount tor which the incumbrance ll.tt.3 172,Ct.CJ losses in suspense, waiting for further Sl3l.Z94.lt3 411.771. 0 of Indiana, hereby certify that the above Is a the above-mentioned company on the oth aay of OF THE CONDITION TUB of June, 1899. Hall square, at Milwaukee. Wit. 0. W. MANSFIELD, Secretary. S200.00.M 200,000.0 Si3.46ft.ti I.t75.t2 l2,4T.n losiea resisted retained for reinsurance company 15.194.ZI 1S3.S07.U $185.Si5.1 Any Address, Per Antmm
