Jasper County Democrat, Volume 4, Number 2, Rensselaer, Jasper County, 20 April 1901 — Page 6

BANKERS WARNED.

TREASURY DEPARTMENT ASKS AID TO AVERT PANIC. tlaftN Speculative Craae la Stopped Financial Disaster I* Feared—Dan* Bar In the Withdrawal of Money from the Regular Channels of Trade. United States treasury officials are concerned about the result of the overspeculatiou in Wall street. A Washington correspondent says that they have repotted the matter to the President, and the influence of the Treasury Department is being exerted more aud more to induce the New York banks to act in a more conservative manner. Treasury people talked with say that while there is no doubt in regard to the general commercial prosperity of the country, there Is cause for alarm in the conditions manifested iit Wall street. There has been, these officials say, a perfect mania for the organization of trnats, and the securities of these mammoth corporations have becu dealt la with feverish activity on the Stock Exchange. The Treasury Department is not ut all concerned übout ordinary stock jobbing schemes, so far as they affect the speculating element only. The financial officers of the government have been preaching conservatism for some time. They say there has been a large overcapitalization iu many of the industrial enterprise*, and a day of reckoning is certain when an effort is made to squeeze the water out of these securities. / The tiling which is troubling the treasury officials is not the fact that there has l*ccn frantic speculation i:i Wall street, twit rather the fact that money which belongs to legitimate commercial enterprises has been diverted into the avenues of speculation. This money must get back into the ordinary channels somehow, aud a great fear is expressed by the treasury people that a possible panic on Wall street may have a serious effect upon general business. Au official says: “The Treasury 1 >epart

HEROINE OF PEKIN TO MARRY ARMY OFFICER .

LIEUT M. HAMMOND.

I he engagement of Miss Mary Conger Pierce to Lieut. Harold Hammond of the Ninth United States infantry, is the result of a romance growing out of the memorable siege of Pekin. Miss Pierce is a niece of United States Minister E 11. Conger, and for a number of years lias been a member of his household. She was with the Congers during the siege and the lmys of the Ninth were the first to firing relief to the little party of foreigners. No wonder that they were looked upon with special favor and rightfully regarded as the saviors of tlie helpless band. Miss Pierce is now on her way to this country with Minister Conger's family, aud will soon become the bride of her soldier lover.

incut is exerting its influence to stop this pouring of good money into the Wall street rat hole, but it is not accomplishing much as yet. The safest thing perhaps is for the large Western hanks not to remit quite so freely to New York, but rather to accumulate an unusual sitr|tlus in anticipation of the crop moving time, when money will he in demand bv their ett stumers, but will he not so easy to get out of the vaults of the New York banks.”

FACTS ABOUT : : : : : : THE CENSUS.

Over one-quarter of the entire population of the country is found in the large cities. The population of Birmingham, Ala., has increased from 3,080 in 1 SHt) to 38,410 iu 1000. Not counting the national capital, there lire 44 towns and cities hearing the name of Washington. It is estimated that there are 8-4,400 persons in the service of the United IStales stationed abroad. In 1900 there were 7S cities of 50,000 Inhabitants or more as compared with 68 iu 1800 and 85 in 1880. New York city is growing in population at tlie rate of 00,000 a year, according to the latest municipal figures. The population of Greater New York is greater than that of all Missouri, the liftli Htate of the Union, in rank of population. Only one State has over 7,000.<H10 Inhabitants—New York, Pennsylvania is alone in the class betweeu 0,000,000 and 7,000,000. In 1880 there were hut 20 cities which contained more tliuu 100,000 inhabitants, but in 1800 this number bad increased to . 28. and iu 1000 to 88. Pennsylvania and I>elaware are the only ones among the original Ktsites ot the present time holding tin* same relative rank iu population us iu 1700. There are three Hpringflelds iu the list of the 150 largest cities: Springfield, Mass., ranks 00 iu that number; Spring held. Ohio, 101; and Springfield, 111., 101. The absolute increase in the population •t the 150 largest cities from 1890 to OHIO ■was 4,889.180, or 82,420 less than the absolute increase from 1880 to 1800, when it was 4,921,502. Auburn, N. Y„ comes within one of the population of Montgomery, Ala. Harrisburg, Pa„ and Portland, Me., are not gar from a tie ia population, the former baring but 22 more inhabitants than the bitter.

NICARAGUA ROUTE FAVORED.

Isthmian Canal Commission Is Unani* ■nous in Its Keport. The isthmian gnnal commission, which has been engaged for two years in investigating the several eunal routes to connect the Atlantic and Pacific oceans, has completed its report. The commission is unanimously and emphatically in favor of the Nicaragua route, though a canal by that route wilt cost $40,000,000 or $50,000,000 more than to complete the Panama cflnal. The commission found many difficulties in the way of accepting the Panama canal, both in construction and in the concession. It would be impossible for the Panama Canal Company to dispose of its franchise to any other government. It would also be impossible for Colombia to grant a new concession to the United States. The commission could find no way possible for this government’s taking up the Panama canal. It therefore recommends the construction of the Nicaragua canal, aud gives the estimates for its cost. The estimated cost of the canal is $200,540,000. This is for a canal suitable for navigation by the largest ships now in existence. If a single lockage system only were provided the cost would be reduced by $19,078,000, and a further reduction Of $10,949,000 could be made by narrowtug the bottom width one-third in all the excavated channels. These reductions would bring the estimated cost of the canal down to $403,913,000.

IMPORTANT RULING ON DIVORCE

Supreme Court Decides Cases Involving Dakota and Other Decrees. Hundreds of divorces granted by the courts of the Dakotas and other States where there has been a similar iaxness in judicial matters, many of the decrees having been obtained by residents of Chicago, have been declared invalid by the Supreme Court of the United States. One of the most notable cases of distress expected to result from the ruling is that of James G. Blaine, whose engagement to Miss Iliehborn of Washington was aunoufieod recently. The Dakota decrees are not the only ones that are upset by any means, for iu nearly every State in the Union decrees have been granted to plaintiffs

MISS MARY CONGER FIERCE

whose legal places of residence were in other States. In hundreds of these cases, it is asserted, subsequent marriages are invalid. 1 lie court held practically that in eases in which the decree is granted in States "here the husband and wife have made their legal residence it is valid in any part of the United Stales, but that in other cases iu which there is no'legal residence in the State in which the decree is granted they are invalid. Opinions were handed down by Justice Gray declaring invalid the divorces in the cases of Bell vs. Bell and Btreihvorf vs. Streilworf. In the eases of Bell vs. Bell, involving the validity of a decree granted to tlie husband in Pennsylvania, and in that of St roil worf vs. Streilworf concerning a decree granted to the husband in North Dakota, the decrees were declared invalid because neither the husband nor the wife had domicile in the State in which the divorce was granted.

ONE OF THOSE PUZZLE PICTURES.

Here is the man who sold the Master lint, the Husband who got the hill and the Bachelor who pays no millinery bills. Gan you pick the Husband?

Odds and Ends.

Capt. W. T. Hord of the navy is dead, Washington. London dispatch says Olga N'ethersole has cancer. 'Hie property of the Catholic missions in Shanghai is valued at $2,000,000. A glass lamp combine is impending. The capital of theArust Will >■ $10,000,000. Australian elections resulted iu the return of a Senate with a free trade majority and a House of Uepresentatirec that ia largely -protectionist.

POLITICS OF THE DAY

TARIFF BALL AND CHAIN. ' A dozen years ago President Cleveland’s tariff reform message brought down all the manufacturing interests of the country on his bend. They were all satisfied with things as they were. All they wanted was to keep tlie home market from being flooded with the products of the “pauper labor of Europe." Now it is the manufacturers who are agitating for tariff reform. Cleveland is dead and his work has been taken up by the men who helped to kill him. In the April number of the Engineering Magazine is a most significant article by Mr. William L. Saunders, a prominent mechanical engineer and publisher of the technical journal, Compressed Air. Mr. Saunders dwells at length upon Secretary Gage’s blunder, by which we have been subjected to reprisals from Russia; points out our need of foreign markets, and concludes: “If the bars of protection serve, as they do now In the case of this Russian business, as dams to obstruct the flow of our products into foreign fields, then let us take them down. Mr. Blaine, a disciple of protection, evidently saw clearly that reciprocity was essential to the maintenance and Integrity of protection; hence he coupled it with his protection idea. If protection has built up the United States to its present position, and if to be a great manufacturing Country is desirable iu the Interests of the whole people, then It is as Important no'» to protect the manufacturers by open doors as it was to build them up by a tariff which has now become useless and which has begun to be hurtful.” Iu the same number of the magazine Mr. Alexander Hume Ford describes the boundless opportunities for American energy in Russia in supplying the needs of that continental empire for machinery, railroads, bridges aud manufactured goods of every description—all depending, of course, on access to the market up<*:i such reasonable terms as our iarifi' policy is destroying. Already there are a thousand Americans In St. Petersburg engaged in making openings for American products iu Russia. And the editor comments: “America is fast coming to see tiiat wlmt site needs is not paternalism and political meddling, but wider markets.” The next tariff contest iu this country will be fought on very different line# from the last one. In fact, there may not be any fight at all. The same President under whom high protection reached its zenith may be the one under ivhopi it will be laid away by common consent.—Chicago American.

N.:w Jersey’s Income from Trusts. Tfce charter fee paid to New Jersey by the United States Steel Corporation amt unted to over $220,900. It Is estimated that the treasury of the State will this year receive $2,100,000 from the '.rusts domiciled there alone, including fees paid on filing certificates of trust incorporations. And the present cost* of the State government are less than $3,000,000 yearly. In other words, New Jersey is meeting over two-thirds of the expense of Its State government front the trusts It lias let loose to operate In other States. Springfield, Mass., Republican.

One More Hack ward Step. President McKinley has appointed to the vacant civil service commissionership ex-congressman Rodenberg of Illinois, one oftlie politicians left “out of a job” by the people. Mr. liodenberg’s peculiar fitness for this place and his sympathy with reform are indicated by tlie vote that be cast iu the House a year ago—with seventy-six others—to strike out tiie appropriation for the support of tlie commission in Which he now finds a refuge with a salary. Poor old civil service reform is having a hard time!—New York World.

A Chance for McKinley, If Mr. McKinley revokes the appointment of A. Rodenberg, Hie Tanner henchman and avowed spoilsman whom he has been tricked into making a civil service conmisslot.er, he will be deemed simply to have fallen Into and out of an entirely human error. If he does not revoke it he yIH be adjudged to have stultified himt.elf as un advocate in Congress and a defender iu the President of the merit system. He can suffer uothiug by revocation. He can suffer much by confirmation.—New York Press (Rep.).

In Keepi nK with His Policy. It Is quite in keeping with the poUcy of the noble and Imperial major toat plans should now be In contemplation for the corruption of Agulnnjdo. It is, of course, impossible for a true McK lnleyite to realize that there is such a thing ns honor and patriotism except for bargain-counter use. Mr, McKinley himself has not hesitated to change his mind, to abandon plain duty, to forget sacred obligations and to undertake lines of procedure whlcii he himself had described ns criminal.—Johnstown Democrat.

«ur “Hlsclits" In the Philippine!. The success of the conquest of the Philippine Islands, now said to he at last realized, does not alter the nature of the Philippine problem. The archipelago doc* not belong to us, but to the people thereof. We sin against our owu principles quite as much by eontiuulnlng as by establishing a government of force. The Filipino people are alien to us In race, In color and language. We

cannot say they are part of us la »MJ way that creates rightful national connection—Des Moines Leader. The Rattroa 1 Trust. The story about the new company to control all the railroads of the United States may or may not be true. If It is not true to day it will be to-morrow. It is merely the last. Inevitable step In a process that has been going on steadtly since our railroad system began and that has been making more rapid progress in the past few months than ever before. If Mr/J. Plerpont Morgan, Mr. William K. Vanderbilt. Mr. James J. Hill, Mr. Edward D. Harrlmau, Mr/George J. Gould, Mr. John D. Rockefeller, Mr. Jacob H. Sell Iff and Mr. James Stillman. who have been named as the authors of fliis scheme, should undertake to control all the railroads of the United States, they could do it without any trouble. The only question is whether they think the time has yet come to take the step. The railroad system of the United States was capitalized last year at twelve billion one hundred and sixtyfive million three hundred and twentyseven thousand eight hundred aud for-ty-nine dollars. That is over twelve times the bonded national debt of the United States. It Is four times the debt of Great Britain. It is equal to the capital of a dozen billion-dollar trusts. It represents over a hundred and twenty of the liundred-inlllion-doHar trusts that were considered the monsters of finance a few years ago. But the railroads are not so unmanageable when they are approached by the right men in the right way. Of their total capitalization the stock represents only $5,742,181,181, of which a majority, giving a controlling interest, would amount to less than $2,875,000,000, As many railroad stocks are selling far below par, it Is probable that a majority could be bought for $2,000,000,000. But it is not necessary for Mr. Morgan. Mr. Rockefeller aud their associates to own a majority of the stock. When the late Cornelius Vanderbilt died it was found that he owned less than one per cent of the stock of the New York Central, the typical “Vanderbilt road.” With $500,000,000 in cash, .their skill in manipulation and their control of banks, industrial enterprises and financial agencies of all sorts, the members ot the proposed syndicate would have no trouble in securing the mastery of every railroad in the country. When the Universal Railroad Trust comes, whether to-day. to-morrow or next week, it wifi handle revenues more than twice as great as those of the national government and employ ten times as many men as the United States keeps in Its army on a war footing. And then the American's policy—“ Public Ownership of Public Franchises”— will be the central issue of practical politics.—New York Journal.

Recent Democratic Victories. We have au abiding hope that the demonstration of last Monday will not turn out to have been a mere muscular spasm and that it will not be found on the morning after the November election to have been a stark corpse all the time. Spring elections are not always significant of results in the fall, but there is enough iu the Democratic victories of the Ist inst. to be of great value under good management, after the chaff and heresy shall have been sifted out.—Cincinnati Enquirer.

Democracy Uiiniog Ground. The right influences in Democracy seem to be gaining ground by natural gravitation ot' brains to the top. The elaborate plaus for “reorganization" have bfeu less influential than the mere operation of reason among Democrats themselves. There has been no overthrow of “organization" In Cleveland or Chicago or St. Louis, but the rank and flic there have taken possession of the existing organizations and are in control.—Brooklyn Eagle. \VI liam, the Promise Hreaker. The Knox and Itodenberg appointments are entirely in keeping with the McKinley characteristics of shiftiness and avoidance of his political promises. The Chicago Chronicle’s declaration that ho has violated more pledges than all Ills predecessors put together cannot be successfully questioned. should be handed down to future general ions by the name of "William the Promise Breaker.”—Kansas City Times. An Incoagrnous Policy. In connection with our Philippine policy, docs It not seem strauge that the Moron and Jolos, who are Mohammedans, polygamists and slaveholders, are allowed to govern themselves as they see fit, while the Tngalogs and other Chrlsllan tribes are governed by the dictates of an autocratic commission and are ruled as vassals and subjects by Irresponsible satraps?—St. Paul Globe. The Pension Commissioner, If Mr. Evaus has not done his duty as Commissioner of Pensions discharge him from the office, but do not appoint him to another. If he has done bis duty he is the man for the place and should be kept where he Is. We do not often get a man in the pension office who insists on running It himself. Instead of allowing the pension sharpers to run it for him.—Louisville Courler-JournaL

AN OLD KENTUCKY BREEDER ILL.

News comes from Lexington, Ky., that Maj. Barah G. Thomas, one of the oldest breeders of thoroughbreds in Kentucky, is dangerously ill at his home there. He is the only horseman now living who saw the famous Wagner-Grey Eagle race at Louisville in 1839, and

MAJ. BARAH G. THOMAS.

he has witnessed nearly every important turf event lu America since then. He was for years the owner of the famous Dixiana Farm, which was named for the first race mare he ever owned, and has bred scores of noted performers. Among these are Domino, Correction. Ban Fox, King Fox, Hitnyar, Banburg, etc. He sold King Thomas to the late Senator, Hearst, of California, for $38,000, the highest price ever paid iu this country for a yearling.

QUEER STORIES

All moths produce some form of silk. Seventy years ago there were no public libraries in America. More than 90 per cent of the Japanese public travels third-class. Total number of patents granted in the last sixty : two years 1,073.950. The River Jordan has its origin in one of the largest springs in the world. Tlie Eskimos of Alaska make waterproof boots and shirts of the skin of the salmon. To carry a ton of wheat from Buffalo to New York in 1800 cost $100; today it costs $1.50. The first strictly scientific college in the United States was the Rensselaer Polytechnic Institute, founded at Troy, N. Y.. in 1524. A trovlia is a narrow path crossing the main highway. Used as a war term it signifies a line of defense stretching across certain portions of the country,Crossing all highways and of course cutting off all travel.

Were it not for matter floating in suspension in sea water, minute living organisms and air bubbles due to the breaking of the waves, all of which reflect light the ocean would look as black as ink, for in that case none of the sun’s rays, having once penetrated it. would be reflected to its surface. In India, China. Japan and adjacent countries are about four hundred million people who rarely eat meat; yet they are strong, active aivl long lived. Darwin is authority for the statement that the Andean natives perform twice the work of ordinary laborers, and subsist almost entirely on a diet of bananas. As far back as Feb. 20, 1738, an “uinberella” was imported in the good >hip Constantine, as shown by the invoice, “for the proper account and risque” of Edwin Whippet), who for aught we know, might have worn that nineshilling "umbrella” completely out years before Jonas Hnnway excited the ire of the London cabman.

An Eskimo baby is born fair, except for a dark round spot on the small of the back, varying in size from n threepenny bit to a shilling. From this center head of color the*dark tint gradually spreads till the toddling Eskimo Is as beautifully and as completely and as highly colored as a well-smoked meerschaum pipe. The same thing happens among the Japanese. An Interesting relic In the of a piece of a granite boulder, containing what appears to be two human footprints, has been loaned to the museum at St. Johnshury. Vt., by William A. Chase, of Morrisville. The rock from which the piece was quarried has been a curiosity iu Granby for a century, it is a granite boulder weighing several tons, situated one and one-lmlf miles from Gallup's mills. Pennies do not consist of copper alone, there being in them 2 per cent of tin and 3 per cent of zinc to 93 of copper. They cost the government about 42 cents a pound exclusive of stamping, and there are 1,418 in a pound, so that the government makes a fair protlt ou every pound minted, since while they are redeemable In gold, but few are presented. At present they are all coined in Philadelphia by law, lH‘cause there was formerly no demand at all for them in the Southwest and In the far West.

Infantile Pessimism.

Aunt Emma—Well, Mary, I haven't seen you for a long time. I hear that you have a little sister at your house. I suppose she cries som#times. Little Mary—Cries? I should say she does! Why, 1 never saw anyone that appeared to look on the dark side of things as she does!—Puck.

PULSE of the PRESS

Japan speaks out plainly, like a nation that has found itself and has the courage of its convictions.—New York Tribune. Japan Is not anxious for a fight, but wishes it distinctly understood that she has quite a stock of ammunition on hand. —Scranton Tribune. Possibly the Supreme justices decided to take a vacation in order to see whether the flag won Id turn around and follow the court,—Grand Rapids Press. A great, growing, prosperous city being compelled to borrow money to pay running expenses shows extremely poor business management.—Toledo Blade. Some of the newspapers of the State are forgetting the all-important test—the seed corn question—while asserting that they were the first to publish sermons.—lowa State Register. The California prune crop is cornered. Do the grasping speculators who have executed this coup think California prunes are among the necessities of life?—Chicago Tribune. What shall we do with Aguinaldo, to bo sure? And what, by the way, would Aguinaldo have done with Funston if the game had goue the other way?—Minneapolis Times. Banished from the United States, prize fighting is to be transferred to Bermuda. A long-suffering and disgusted public has kicked the brutal sport out of the country.—Des Moines News. As a sort of compromise, the grounds of the Buffalo Fair may be kept open every other Sunday. This looks like making a distinction between being killed for a sheep and a lamb.—New Y’ork Stm. Enlightened Englishmen perceive that they must improve their methods and advance the intelligence and efficiency of their workingmen if they are to keep up in the industrial race.—Chicago Chronicle.

England has discovered that a king costs more than a queen. Perhaps the next discovery will come with the question of the century: “Kings come high; must we have them?”—Baltimore American. While other cities are scrambling for Carnegie libraries, Omaha is enjoying a handsome library erected by an enterprising people. When Omaha wants a good thing she buys it,—Omaha WorldHerald. Connecticut bachelors who are over 40 years of age have to pay a marriage license fee of SIOO. It would seem to the casual observer that a bachelor of over 40 was entitled to a subsidy.— Baltimore American. The New York World and the Hartford Times think that the capture of Aguinallo was a put-up job, and that Aguinaldo was in the plot from the very beginning. He was in it at the end all right. —Springfield Union. Japan is a good friend of the United States, and Russia is an older, if not a better one. Should the two nations tight, however, American sympathy would probably bo with David rather than Goliath. —Syracuse Herald. Funston’s strategy iu effecting the capture of Aguinaldo will restore the waning faith of the nation in the genuineness >f the incidents in Cooper’s Leather Stocking Tales and in the career of the JitTbenainosy.—St. Paul Pioneer Press. One of the chief Tituses of disturbances in Russia is the great difference between the majority of the people and the few highly educated. The university students are restive under the system with which the ignorant peasants are satisfied, Kansas City Star. Before casting aspersions on Fttnston's feat of capturing Aguinaldo. the English press would do well to devise its counterpart in accomplishing the greatly desired corraling of a South African peregrinating pestilence called De Wet.—Cincinnati Commercial Tribune. There will never be a satisfactory settlement with regard to the Alaskan frdatier so long ns Great Britain claims that which is our own. She has no more right to push her borders westward in Alaska than we have to make a landing iu Scotland,—Providence Telegram. The people want enterprise. They want the news. They want these things, and want them served iu the best possible time and the best possible way. but the paper that seeks to establish itself on a solid foundation of sincerity and honesty is the only paper which lasts.—Denver Times. Amid voluminous and conflicting communications passing between the great powers over various Eastern questions only one thing is unanimously conceded —that Russia has and will continue to keep Manchuria. It is Russia that refrains from unnecessary letter writing.— Chicago Chronicle. The contention heretofore maintained in America that, tinier certain conditions, this government can*, withdraw from the vital engagements of the t'lay-ton-Bulwer treaty, and by so doing practically put an end to it, is justified by the provisions of the treuty itself. Philadelphia Telegraph.

News of Minor Note.

Minnesota passed an aiiti-cigaAttr law. Bcvier street school, Binghamton, N. Y„ burned. Loss SIO,OOO. Hawaiian Legislature gives ex-Queen Lit a pension of $12,000 a y.-«r. Burglars cracked a safe in Harrington’s store, Carthage, Mo. Fire followed. Loss $40,000. v * • Nicholas Honey, 19, who killed a railway gateman at Cleveland, Ohio, gets a life sentence. James McCrea, first vice-president of tire Pennsylvania lines, may he made president of the B. & O. House of adopted Lord Salisbury's motion to revise the Kiug's antlUotnan Catholic accession oath. Marshal Whitcley, Augusta. Gn., was killed in attempting to arrest Tom Hcott, a moonshiner. Scott was also killed. Four boilers in sawmill, Olenstee, Fla., blew up ten minutes after 100 employes had started home. One man injured. . Messenger Dougherty of the United States subtreamiry, Philadelphia, was fobbed of SI,OOO in the postofflee there.