Hammond Times, Volume 1, Number 246, Hammond, Lake County, 5 April 1907 — Page 4

PAGE FOUR

THE LAKE COUNTY TIMES Friday, April 5. 1907,

THE LAKE COUNTY TIMES

AN EVENING NEWSPAPER PUBLISHED BY THE LAKE COUNTY PRINTING AND PUBLISHING COMPANY... "En tared as aeoond-class matter June, t8, 1141, at the poetoffice at Hammond, Indiana, under the Act of Congrata, March t, 18V .M OJSoaa In Hammond building, Hammond, lad. Telephone, 111. Calcaga Office. 0OOm 25M Tribune Building. Hush W. ll&ntgotaery. representative. Trrmi of Babacrlption. 3rart3r t3-00 pMit Triy 1B Uaj3 Copies 1 cent fcouth. Chicago Office.. 9140 Buffalo ave. URGER PAID OP Circulation than any other Pfewspaper in Northern Ind. Circulation Yesterday 42T3lCCtATION BOOKS OPEN TO THE PCBLXO FOR INSPECTION AT ALL TIMES. j 10 tabscribers. Headers of the Xisua are requested to favor the l&in&gement by reporting any irregujbities in delivering. Communicate trffSi tie circulation department, or pTtljpicae 111. Mi . . STRANGERS FLOCKING IN. ; Ther&uever was a time in the whole .history of Hammond when there has been bo much interest malnfested in (this city by outsiders. The streets are rfull of well dressed etrangers whose leleekness, splo and epanness and business like appearance makes It evident that they are men of means. , Outside capital has become interested in Hammond as it never was be;fore and the city Is to have the benefit 'of the Investments that will be made. In a young city like Hammond there fare very few men of wealth. The 'pioneers are Just beginning to realize ion their nrBt investments and they ihave not had time to turn over their money. It Is a known fact that al though Hammond Is a city of about 25,000 inhabitants, there la not a real'dent of the city that is the possessor ot property worth half a million. Therefore. If the city is to make tha most of Its opportunities, outside capl tal will have to make It possible. Ham.mond citizens may see opportunities to make money, but if they are unable 'to take advantage of these opportuni ties on account of the limited amount 'of money at their command it is well that outside capital be given the op 'portunity. , Hammond needs more modern busl ness blocks, the city is sorely In need of a large number of residences; It would be Improved by better street car facilities, and If outside capital will do thla for the city it will be a blessing. CHICAGO'S PITIFUL WALL. A wall has gone up from Chicago which would be pitiful It it were not fo funny. The almighty dollar is the dominant note in the wail and its eu premacy over health stands glaringly forth. The Real Estate board has decided that Gary is a serious menace to Chicago's welfare and that If the drain age board is made to drain the Calu met region Chicago not only sells her commercial pre-emlnenea to Gary, but furnishes tho money for the purpose The board points out that the buildof the Calumet-Sag canal means that Chicago will pay $18,000,000 for the transfer of her commercial prestige to the steel town. There Is no certainty that Chicago or the Calumet region is to get the canal, as at present tho right to go ahead with the project has been de'nled by the secretary of war. The 1 drainage board, however, means to ap peal from the decision and this is what has aroused the Real Estate board to action. The latter is willing that the Chicago river be widened, but the Calumet-Sap canal, never! The members of the august body of protesters apparently forget that Gary and the Calumet region is likely to progress considerably, canal or no canal, and that deprived of the proper outlet for sewage, tho latter will be allowed to flow into Lake Michigan polluting- the water supply of Chicago as well as of tho territory Immediately adjacent and rendering valueless an undertaking that has cost the city al ready many more millions than those represented by the proposed addition al outlay that will be required to build the proposed canal. It would appear that according to the reasoning of the Chicago Real Estate board that the health of Chi cago's citizens is a email Item in com parlson with a slice of Chicago's com mercial pre-eminence. WITH THE EDITORS Alien Immigration. If the great total of immigration wera distributed throughout tho coun try, the New Orleans Picayune thinks thero would be little danger that th character of our population would b unfavorably affectod, but that with the congestion of it in Eastern cities,

with a email bit going West and prac

tically none coming South, there is (3 anger. It adds; The result is that these foreigners are building up large alien communi ties on our soil and within our big cities, and are not asnlmlliaUng as rap idly with the mass of our population as would bo the case if they were scattered throughout the country in tha farming' sections of the West and the cotton and sugar fields of the South. This tendency to congregate into con gested colonies in large cities la the most dangerous phase of the immigra tion problem, and every effort should be made to correct this tendency by holding out inducements to the nawecomera to seek homes in the South and West, particularly in the South where farm labor is badly needed in large quantities. Veteran Teacher to Retire. Prof. Brainerd Kellogg, dean of the faculty of the Polytechnic Institute of Brooklyn,' whose career a3 a teachr extends over almost half a century, has tendered his resignation to take effect at the end of the term In June. Directly after his graduation from the Mlddlebury college In 1858 Prof. Kellogg became a teacher and In 1863 accepted the chair of English language and literature in the Polytechnic Institute and he has since been connected with the Institute. He has been professor of English and philosophy for ten years and In 1899 became dean of the faculty. He has been president of the philology department of the Brook lyn Institute of Arts and Sciences since It was organized. Prof. Kellogg is the author of several well known school books. British Kailway Earnings in 1906. According to the London Statist, 1906 was a good railway year in ureat Britain. The nineteen principal companies had gross earnings of $439,000,000, an Increase of $13,000,000 over 905. Expense of operation was $273,000,000, an Increase of $9,000,000, leaving a net gain of $4,000,000. While the net result is small com pared with the showing made by the American railways, yet $166,000,000 net earnings for these nineteen British companies, after paying some increase in wages and higher prices for coal and other material, is a really good show ing for the properties interested, be ing not far from 60 per cent of the gross earnings. In the Sun's Own Way. The Sun has been far from expecting to make a personal appeal of any de scription whatever upon any occasion maginable to Mr. Edward H. Harriman. Nevertneiess, it is the unforeseen that happens; and we find ourselves mpelled by consideration that seem of high importance to Join with other judicious persona in imploring Mr. Harriman to desist for the sake of this nation's good name and respectatble appearance before the eyes of the world. We ask him to refrain from pursuing further the solution of the direct issue of veracity with the president of the United States which the president has raised. Not only Mr. Harriman, the indi vldual most immediately concerned, but also all others having any relation either to the main Issue already re ferred to or to the collateral questions involved can well afford In the pub lie interest to allow this deplorable controversary to die out of existence, and, as far as possible, out of the mem ory of mankind. We are not think of the merits of the case, as presented in the insulting accusation brought against Mr. Harriman by Mr. Roose velt. We are contemplating only the scandal, the spectacular indecency, the hideous immorality, in the broadest sense of tho word, of continuing a con test which, even if it could be brought to a triumphant conclusion by Mr. Harriman and his partisans, would result in exhibiting the president of the United States in a light fit to bring shame to the cheeks and sorrow to the heart of every honest citizen of the republic. It is Impossible to separate the man from the office, and to the presidential office. Incarnate in its occupant for the time being, there attach certain privileges or immunities of a peculiar character rendered necessary by pub bile policy. This is certainly so in the view of enlightened public opinion, if not yet of the written federal law Every good and true American recognizes the obligations of respect due the office, whatever he may think of the man holding the opce; and if it is said, on the other hand, that this conventional respect cannot be entirely a one sided affair, that the necessary conven tion puts certain responsibilities upon the incumbent as well as upon others, and that popular respect is subject to forfeiture on occasion, our reply is that short of an impeachable offense there is no appeal from the president's own conception of what is proper on his part except an appeal to his own con science. t Moreover, the time may come when Mr. E. IL Harriman, to whom this sug gestion of patriotic self-sacriflco is particularly addressed, or any other Insulted American who has swallowed his natural wrath and remained silent under immense provocation from the White House, may be infinitely glad, both as a citizen and as a psychopathologlst, that he was strong and tolerant enough for forbearance. New York Sun. Collected. "Fare!" The passenger gave no heed. "Fare, please." Still the passenger was oblivious. "By the ejaculatory term fare,' eaid the conductor, "I imply no reference to tha atate of the weather, the com plexlon of the admirable blond you ob serve in the continuous aeat, nor even to the quality of service vouchsafed by this philanthropic corporation. merely allude in a manner perhaps lacking in delicacy, but not in con risensj, to the monetary obligation i set up by your presence In this car, and suggest that, without- coatemp-er-

j Between Trains

ing your celerity with cunotatlon, you liquidate." At thla point the passenger emerged from his trance. Philadelphia Ledger.

RELIEF. We've harkened to the president. We've read what he has written And waded through his messages Till with exhaustion emltten. We've listened to the Grand Young Man. From Indiana spouting Like sawdust pouring o'er a dam. Beyond all hope of routing. We've harked to Bryan's sliver tongue With wearisome endeavor. For men may come and men may go But he goes on forever. The telegraph has hoisted rates, We are not apprehensive. But rather welcome any scheme To make words more expensive. McLandburgh Wilson. Nonsense Voiced 5a Washington. Business Washington as well as oQ. clal Washington is continually crying up high salaries for officials and clerks on the government payroll. The Washington press harps on the cost of living at the national capital and Inclines to the notion that it takes a millionaire's means to support a cabinet portfolio. Stress is laid upon the necessity of expensive entertainments and all that to show off the nation's greatness. Of course the money will all be handed out in Washington itself to swell the gains of local caterers. In effete Europe princes are proverbially poor, and every now and then the governments come to their aid with a fresh windfall to follow the rest Into the coffers of people who live off the weaknesses of others Princes are encouraged to be spend thrifts In order to keep money moving, Washington's business policy is much the same, only the "princes" involved are not hereditary. They come and empty their purses, then are asked to make way for a new batch of "easy marks." This voluntary act of bonk ruptcy is referred to as sacrifice for the good of the country, wfiereas it is foolish vanity that the country would be better without. One member of the last congress drew $10,000 for two years salary and by economizing saved It all and $1,000 besides out of his al lowances for mileage and clerk hire and got home richer by $11,000 than when he took his seat. Washington has no U3e for that sort of member, but the district he represents can smile over the discomfiture of the shopkeepers on Pennsylvania avenue. Officials who find the easy road to penury may represent Washington life, but they have small claim to sympathy from those who ultimately must foot the bills for the senseless high Jinks of the capital. Hawall's Jap Problem. It is usually estimated, that about 50 per cent of the Japanese who live under the flag of Uncle Sam are located in Hawaii, and the number of them there is placed at 40,000 to 50,000. The San Francisco school controversy and the new immigration laws naturally affect the situation in the islands, where the labor of the coolies Is an important factor. At a Jap mass meeting called to protest against exclusion there was some shooting off of oratory, the tenor of which was that the Amer lean treatment of the mikado's people was mean and Inconsistent. From the press of the islands we learn that the protests voiced at the mass meeting should not be taken too seriously. It is said that the unruly mob of Japan, which sometimes forces the hands of the Tokyo ministry, is wel represented in the stream of coolies which land in Ilawail. It is also declared, that they do not seek to settle In Hawaii, but to travel on to tho Pacific coast Their custom for the week or two they halt In Honolulu supports a score or more of hotels with their "runners." The sugar planters of Hawaii would be glad to have the coolies remain and work In the fields, and the labor unions of California would also be glad to have them halt in Hawaii. It should not be difficult to get up an anti-American hue and cry under these conditions, yet there is a conservative and Intelligent class among the real Japanese settlers in Hawaii who will accept In good faith whatever arrangements the mikado ratifies In the interests of his people who dwell under the United States flag. "Saving the Boys." Spurred by Alderman Seldel, the municipal and other authorities are moving in a new way to save the boys of Milwaukee from the pitfalls to which they are exposed after they leave school. Fassing over the suggestive fact that this sort of supplementary work should be needed in our system of bringing up boys, we may turn to the old world for light upon this Important problem. Belgium has taken the lead in the public training of boys for mechanical occupations, and schools are maintained for every trade and craft of any importance In the kingdom. The practical work In thee trado schools of Belgium is the same as would be supplied In a workshop, and the theoretical training is better. Alderman Seldel observes that "Satan finds work for Idle hands to do." Boys' hands will not be Idle long when their elders place before them tools and material and show them how to put together-some real ht"jT

OCRS sTGZ

Latest Movements in Industrial Centers, by Exclusive Wire to Lake County Times.

NEW YORK LETTER. New York, April 5. The stock mar ket continued its upward trend without abatement. Early prices from London were fractionally lower on the entire list. This, however, was ig nored entirely by the bulls. At no time was there a cessation of the buy- j lng wave. The same class of buying in Union Pacific and Southern Pacific was apparent as has been in evidence during the past few days. It was ascribed to the Harriman following. Union Pacific scored an advance of four points and Southern Pacific three and one-half, the major part of it being maintained up to the closing hour. The earnings of Southern Paciflo are said to be so large that the company could pay a larger dividend than that now In vogue if they should so desire. This was the bull card upon that Issue. None of the standard railway shares were neglected in the general bull movement. New York Central, Penn sylvania, Baltimore & Ohio, Atchison, Missouri Pacific, Canadian Pacific, both the Hill stocks and the lesser speculative favorites all enjoyed advances ranging from one to three points. Reading was again the leader of the hard coal roads, opening around 109 and selling up to 114. This represents an advance of twenty-one points since the decline of March 14. That there is a large and Influential short Interest in the stock is undoubted. The buying today was by insiders who were making an effort to compel shorts to cover their outstanding contracts. The copper shares, both Amalga mated and Anaconda shared in the general rally. Amalgamated shows a gain of four points for the day while Anaconda advanced about two. Despite the weakening tendency of the metal market it does not seem to affect cop per stocks materially. The market upon the whole closed strong. NEW YORK STOCK fifiKEl Descp. Open.

High Low Close 97 96 97 97 96 97 127 127 127 37 37 37 97 93 97 128 125 127 66 a4 64 34 66 63 62 63 92 92 92 31 30 30 102 99 102 78 77 77 62 61 61 14 13 14 42 41 Va 42 16 16 16 87 35 37 28 26 28 21 19 20 81 80 81 80 30 30 178 176 177 106 105 106 31 31 31 31 80 81 75 75 75 72 71 72 25 25 25 60 58 69 41 40 41 148 147 148 27 27 27 25 25 25 59 58 59 121 119 121 22 22 22 139 137 137 61 60 61 139 136 137 37 86 37 66 65 66 77 76 77 62 61 62 121 119 120 80 79 80 39 38 39 29 28 29 92 92 92 128 125 128 38 37 38 114 109 112 29 28 29 86 85 86 23 22 22 60 49 50 44 43 43 85 82 84 23 22 23 139 136 138 22 20 21 39' 38 38 29 29 29 144 142 144 143 139 142 38 37 38 100 99 100 29 28 29 14 14 14 27 26 26 18 18 18 42 42 42 82 82 S2

Atchlnson . 93 Do pfd ... 97 Am. Sugar 127 Am. Car ... 87 Amal. Cop. 94 Am. Smelt .126 Am. Locom 64 si Anaconda . . 62 4 Am. Tob pfd 92 M Am. Wool . . 30 Vi B. & O 99 Biscuit .... 78 Brook. R. T. 62 C. & G. W... 14 Ches. & O... 41 C. & A. com 16 C. F. & I... 35 Col. South .. 26 Corn Pdts 19 Do pfd ... 80 Cotton Oil . 304, Canad Pac 176 Coast Line 105 Cent. Leath 31 Denver com 31 Do pfd ... 75 Distillers ... 72 Erie com .. 25 Erie 1st ... 694. Erie 2nd ... 40 ?4 111. Cent ..148 Interboro . . 27 K. C. S. com 25 Do pfd . . . 59 i L. & Nash 119 Mex. Cent ..22 Great Nor 137 Gt. Nor Ore 61 North Pac 188 M K & T cm 36 Do pfd ... 65j Mis. Pac .. 76 Nat. Lead .. 61 4 N. Y. Cent 119T8 Nor. & W. . . 7914 Ont. & W. . . 38 Pacific Mail 28 Peoples Gas 92 Pennsyl ...126 Press Steel 37 Reading ...110 R. I. & S 28 Do pfd . . . 85 R, Isl. com 22i Do pfd ... 50 Rubber .... 44 South Pac . S2 So. Ry. com 22 St. Paul ...136 St. L & S W 20 Ts St L&SF2dpf 39 Texas Pac 29 T. C. & I... 142 Union Pac U. a Steel Do pfd . . Va. Chemic Wabash . . Do nfd .. 139 37 99 29 14 26 18 42 82 Wis. Cent . Do pfd . . West Union Money closed 2 per cent. Total sales i,33i,uuu. Distillers 1 per cent; American Smelters 1; per cent; Anaconda extra dividend 1 per cent today. NEW YORK COTTON MARKET. Month May July Aug. Oct. , Dec.

Open High Low Close ...951 956 947 948-49 ...965 967 958 958-69 ...966 969 963 960-62 . ..9S8 990 981 982-83 ...994 994 939 939-90

GRAIN AND PROVISION WHET

Month Open High Low Close Wheat. May ..75 77 73 77 July ..77- 79 77? 79ax Sept ..78 80 78 80b Com. May ..45 46 45 46a July ..45-6 46 45 46a Sept ..46 47 46 46-47 Oata. May ..42-42 42 42 42b July ..87-37 374 37 37b Sept ..83-33 83 83 33a Fork. Mav ..1600 1612 1600 1612b July ..1605 1620 1605 1620n Rib. Mary ,.8S2b 892 885 S92a July ..895 902-05 895 902 Sept ..905 912-15 905 912 Lard. May ..860 S65 S57-60 862 July ..875-77 882 872-75 880 Sept ..882 SS7 830 887ax

CHICAGO LETTER. Chicago, April 5. WHEAT Contln tied bad crop reports from the southwest accompanied by substantial buying orders compelled the northwestern crowd to change their position upon the wheat market. This contingent who have been so skeptical as to the damage done in that territory seemed to change front. Early prices were at about yesterday's closing figure, but the market gained strength throughout the session finally showing a rally of about a cent and a half for the day. he markat closed strong with a

If

n and J

fraction of the highest prices of the day. CORN Strong and higher, showing more activity and a broader market than for some time. The bull party was the best buyer upon every little decline. Cash sales abolt 100,000. Cash demand for home consumption reported good. Corn In the sample mar ket ruled one-quarter of a cent higher for the grades. OATS Ruled strong and higher. A private report issued today which says the government estimates as to the last crop yield were entirely too high was the bull feature. Some of the best posted traders have held to this opinion all along and have operated ac cordingly. That Is the principal rea son May oats are selling at four to five cents premium over the deferred months. On the advance there was a little profit taking which took the edge off the market. The close was rather firm with a fair advance for the day. rilODUCE MARKETS. Chicago, April 5. The poultry mar ket displayed considerable activity and strength. Receipts of oniy ono car were hardly enough for all requirements and higher prices were easily obtainable. In eggs weakness continues to exist. Speculators are trying to depress prices to a profitable basis for storing. The storage season is now at hand and a good many of the arrivals are storage packed and bring lc to lc premium over the current receipts. Butter sold well at former prices. There were 6,000 cases of strawberries received. These sold fairly well at about yesterday's prices. Quotations on round lots ranged: Butter Receipts, 2,937 tubs. Extra creamery, Jobbing, 29c; price to retailers, 81c; prints, 32o; firsts, 27(3) 28c; seconds, 2224c; dairies, Cooleys, 27c; firsts, 25c; renovated, 24 25c; packing stock, 19 20c. Eggs Receipts, 23,648 cases. Miscellaneous lots as received from the country, cases returned, 14c: cases included, 14c; firsts packed in new whltewood cases grading 70 per cent fresh, 15c; prime firsts packed in white wood cases, trading 85 per cent fresh, 15c; extra high grade stock grading 90 per cent fresh, especially packed for city trade, 17c. Potatoes Receipts, 15 cars. Wisconsin, Minnesota white stock, choice. 34 36c; choice to fancy, Michigan, 35 37c; mixed red and white, 33 34c; red, fair to good, 32'33o: common, small red and white, 8032o; sweet potatoes, Illinois. $2.25(2.75 per brl; No. 2, $1.25L75; new potatoes, $3.00 iff 8.00 per brl. Veal Quotations for calves in good order were as follows: 50 to 85 lbs, 66c; 80 to 85 lbs, 7?8c: 85 to 100 lbs, fancy, 910c; 150 to 175 lbs, good meaty, 5i5c. Dressed Beef No. 1 ribs, 12c; No. 1 loins, 18c; No. 1 round, 8c; No. 1 chuck, 7c; No. 1 plate, 4c. Live Poultry Turkeys, per lb, 12c; chickens, fowls, 18c; springs, 18; roosters, 8c; geese, $5.00 7.50; ducks, 13 c. Fr ruits Apples, $1.5004.00 per brl; bananas, jumbo, per bunch, $1.401.60; straight, $1.10(3)1.25; lemons, Cal., 2.75 3.75; oranges, Cal., $2.003.75. Green Vegetables Beets, 40c per sack; cabbage, 75c$2.60 per brl; carrots. 50 0) 70c per sack; celery. $1.60 3 4.00 per crate; green onions, $1.001.60 per box; lettuce head, $1.50 5.00 per CP $1.25 per bu; pieplant, 40c per bunch; parsnips, 60(g90c per sack; radishes, home grown, 10"Bc per 100 bunches; spinach, 40 50c per hamper; turnips, 4075c per sack. C. H. WANZER STOCK km BOND BROKER, Stocks Carried on 3 to 5 Point Margin, Nominal Rates of Interest. 333 Rookery Bldg., Chicago. TELEPHONE HARRISON. 3405. JOHN DICKINSON & GO. STOCKS, BONDS, GRAIN, PROVISIONS. 171 La Salle St, Chicago. New York Office, 42 Baoadway. Members Chicago Board of Trade. New York Consolidated Stock Exchange. Direct Private Telephone, Central S551 Wires Et. Automatic 403S. Central 531 GRAIN MARKETS. Chicago, April 5. Cars lots today: Wheat 19 cars; corn 265 cars; oats 121 cars; hogs 16,000 head. Estimates tor Tomorrow. Wheat 12 cars; corn 316 cars; oats 174 cars; hogs 16,000 head. Total Clearance. Wheat and flour equal 205.000 bushels; corn 327,000 bushels; oats 21,000 bushels. Argentine Shipment. Wheat, this week 4,312,000 Last week 2,224,000 Last year ,....4,352,000 Corn, this week ............. Last week 70,000 Last year 390,000 Xorthvreat Cars. Last Today Week Duluth 126 Minneapolis ....364 Chicago 19 Last Year 53 294 1 SouthTremtern Receipts and Shipments. Receipts. Minneapolis, today ...3S2.000 Last week, holiday. St. Louis, today 27,000 Last week, holiday. Kansas City, today ... 66,000 Last week, holiday. Ship. 54,080 56,000 70,000 Primary Movement. Receipts. Wheat, today 672,000 Last week, holiday. Last year 442,000 Corn, today 775,000 Last week, holiday. Last year 326.000 Ship. 209,000 164,000 429,000 377.000 LIVE STOCK-MARKETS. Union Stock Yards, April 5. Hog receipts 16,000; market seadv; left over 2.100. Light $6.70 to 6.90; mixed $6.65 to 6.90; heavy $6.65 to 6.90; rough $6.55 to 6.70.

rovisions

d Cattle receipts 1.500; market steady. Sheep receipts 5.000; market strong. Hogs Cattle Sheep Omaha 4. 600 1.500 2.000 Kansas City ...7,000 10,000 3,000 St. Louis ......6.500 1,000 200 Union Stock Yards. April 5. Hogs closed 5c lower. Liffht $6.65 to 6.f2; mixed $6.60 to 6.85; heavy 6.50 to 6.S5; rough 16.50 to 6.65. Cattle and sheep closed steady. LIVERPOOL MARKETS. Liverpool, April 5. Wheat opened one-eighth lower; corn unchanged. Liverpool. April 0. Wheat closed one-eighth higher; corn one-eighth to one-quarter higher. WEATHER FORECAST. Illinois. Indiana and MissouriShowers tonight and Saturday. Lower Michigan Probably light snow tonight and Saturday. Wisconsin Threatening tonight and Saturday with probably light snows southeast. Minnesota and Dakotas Partly cloudy tonight and Saturday. Io-a Threatening tonight and Saturday, probably rain or snow. Nebraska and Kansas Partly cloudy tonight and Saturday; warmer west. Montana Showers tonight and Sat urday. HEARD ON THE BOURSE. The market has rallied far enough to be ready for 6 or 6 point reaction in leading stocks, if the big men con sider such a reaction desirable. Prices are steadily gaining ground, however, and there is still plenty of margin for improvement, so In our Judgment short sales are ill advised. 8ome profit tak lng on pronounced bulges and buying on reactions would appear the best play. Ridgley. It's no use; they can't break bullish tide, they are going up. this Brokers who usually do business for Gueggenhelm are buying Smelt ers. Same crowd are buying B. R. T. tha wa have been wiring you about fo several days. This Is no price for It. The short Interest will simply murdered in this market. Miller. People don't realize the short lnteres In this market. M. M. S. Parsons, Kan.- At the annual stock holders meeting of the M. IC & T. Ry Co. held here today, 543 Bhares were represented. A. A. Allen, A. J. Poor, J. G. Macafe and C. Halle were unan imously elected directora for four years, I hear they are going tp make a run on the shorts In Atch. M. M. S. Hooley, Wllllston, Hutton principal I buyers Reading, I caverlm Looka Ilka short Market looks like going higher. M. M. 'We hear Nor. Pao. Is good purchase on weak spots, understand an an nouncement can be expected soon with reference to the Burlington. S. B. C. & C. "I am told by good people to buy Nor. Pac. for 15 points." "Traders have all covered their Rdg. are going long of it. There Is a bull tip out on U. P. and Reading for the day." Chapin. Washington. Additional details of the gigantic political conspiracy which the president charges is being formed by the corporate interests to defeat his policies, were given out with authority from the White House this afternoon. The men who are engi neering the schema have a fund of $6,000,000 already subscribed to effect their purposes, said the administration representative, and the trail of the conspirators goes right across the con tlnent. They will stop at nothing and will buy newspapers, legislatures or votes if necessary to down the presi dent. The increase In Atchison dividend was not well received In Wall street and the new agitation In Waahlnarton against corporatlona is not a bull card. I advise people to go slow and not buy stocks on bulges. Denver & R. G. Fourth week March 533.100 inc. 66,000. Month 1,641,400, inc. 192.700. From July 1st, 15,362,100, Inc. 1,043, 900. News. Regarding a report from Pittsburg that the crane operators at the pressed steel car companys plant in Alleghaney have gone on a strike on account of a reduction In wages, officials of the company say that euch la not the case, A high official of the company, who has Just returned from Pittsburg1 aald that some of the crane operators at the Alleghaney plant were grumbling and threatening to strike ao the manage ment discharged the ringleaders of the movement. That, he said, was all there was to the strike talk. The plant Is operating as usual. The outlook in th stock market la for continued irregularity with a fur ther restriction In the volume of busl ness with trading mostly confined to the professional element. The action of the market is disappointing through its failure to respond to favorable news. F. IC P. Reports on copper metal still continue bearish; the money market Is exceptionally easy both for call and time money, and thla argues well for future of the Iron trade. The short interest In some stocks is very large, especially In Penna.. and this stock should give a good account of itself in the event of any general rise. Miller.

Discretion la Juries. It will be unfortunate If the cadency of the jury system is brought into question by verdicts which are not

ounuy m uccoruauct wiui me lacts ..i i , ... before the court. Very often accused persons assume that their fate rests with the jury rather than with the law n the case, as though tho twelve good and true men rr'cht bo swerved by considerations other than regard for the enforcement of tho law. We cannot have ideal jurors and Ideal verdicts without a healthy public opinion. The jurors come from the people and go back among the people. The Intent of the system is that the accused shall have the judgment of hi a fellows, any one of whom might be in the same plight but for circumstance. It may be unfair to consider this feature of it loyalty to the Individual Instead of loyalty to society. Said Judge Strong, 'The state, the public, have an interest In the preservation of the liberties and the lives of citizens and will not allow them to be taken away without due process of law when forfeited, as they may be, as a punishment for crime." Discretion Is given to a judge by the system of minimum and maximum penalities. Often he would make tho sentence harsher or lighter if the law would permit. Jurors recommend a measure of mercy not called for by the verdict, and without doubt lawyers on both sides are guided by a conscientious regard for society more often than Is popularly supposed. The law of capital punishment Is perhaps correctly believed to Incline jurors to leniency In many cases. Often It becomes a question of taking a useful life to make good the loss of a life that society is well rid of. In cases of this kind the exerctso of discretion by the jury meets with public approval, and it Is taken for granted that the principle will not be abused. The spirit of the laws is wholesome and alms at tha reign of justice. The application of them in the 6ame spirit Is possible where men look upon law as an instrument of government and not as a yoke to be bome at every sacrifice. July 4, 1609. Noble memories cluster about thft lake which Samuel do Champlain discovered July 4, 1G09. Cbamplain was governor of Canada and, being out on an Indian raid, stumbled upon tho beautiful stretch of water which was to play a part in the history making struggles of later times. Incidentally tho raid which led Governor Champlain to the shores of the lake had a bearing upon the course of events which deter mined the political fato of the present border land between , Canada and tho United States. France was Just beginning to colo nize in Canada at the time of the dis covery of LakoChamplain, and England was planting settlements along the Atlantic coast. Henry Hudson, with the Half Moon, was then plowing the ocean on the trip which, in September, 1G09, led him into New York bay and the river which bears his name. Soon after sighting the lake Champlain, with some Indian allies from the north, defeated the Iroquois, or Five Nations, and started the long series of wars be tween those tribes and the French, with the result that these formidable warriors helped the Dutch and British against the French. But for this In dian feud the French might have gain ed permanent lodgment south of tho great lakes. From our present point of view the services of Champlain were wholly negative, but in the celebrations of 1909 the Incident of July 4 three centuries earlier may well receive the attention of citizens of two countries who share the sublime natural spectacle presented by the lake. The shrinkage in stock market values of the stock of eight great railroads In this country in the first three months of this, year aggregated over $450,000,000, and yet the companies involved will have as much freight to carry as ever. The crops will have to bo moved. Fuel and manufactures will be distributed. Their trafSc will go on as before. There are more people to ride on passenger trains. The tracks are all in use. Nothing has put an embargo upon the business of these corporations. Their property Is Just as productive and is Just as valuable for actual business as It was In January. Every virtue gives a man a degreo of felicity In some kind; honesty gives a man a good report; Justice, estimation; prudence, respect; courtesy and liberality, affection; temperance gives health; fortitude, a quiet mind, not to be moved by any adversity. Wals'ngham. A man who ha3 been trying kerosene oil as a hair restorer has become insane. But Mr. Rockefeller, who has had kerosene on his mind for years, U still as bright as they make them, likewise as bald. It was all about a mule, that Central American scrap, but It shows a spirit for protecting national honor that soma other people would do well to foster a little bit. Tom Lawsoa eays the advice he has given hi.? friends has cost him ? 15,000,000. Some of hl3 friends who toc t, advice are also out considerably.

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