Richmond Palladium (Daily), 9 August 1904 — Page 4
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BICHZIOND DAILY PALLADIUM, TUESDAY, AUGUST 9, 1904.
T"S fir-, j Tired. That one word telis Fortunately; physicians know about Ayer's Sarsaparilla.
ihey prescribe it For exhaustion, anemia.
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James R. Hart, Editor. S M Rutherford. Business Manager John S. FitzglbDons. city Editor
THE SOLUTION OF THE TRUST PROBLEM. Professor Henry C. Adams, of the University of Michigan, has given a solution of the trust problem froma scholar's standpoint. "We print it htre from the Chicago Tribune: As indicating the general point of view, it may be remarked that it is .a mistake in strategy, if not, indeed, in logic, to treat the trust as though ft were an industrial institution like the corporation or the trades union. The trust is a phase of corporate activity called into prominence by a combination of causes. It is, therefore, possible to destroy what we call the trust without impairing the efficiency of capital or the productivity of labor. A satisfactory program of reform must touch the underlying causes of this present phase of industrial consolidation. I can not, of cqurse, speak of all these causes, but venture to mention three, each of which should have a place in any program for the correction of prevalent abuses. First A survey of the last hundred years of industrial change makts evident the fact that industry on its mechanical side has developed more rapidly than on the side of management and administration, and in any final explanation of congested competition, a phrase which appears to me to suggest a fairly accurate diagnosis of the industrial ills of our time, the scarcity of business talent holds an important place. I do not regard this as a fundamental explanation of trusts, but as a contributary condition of deep significance. In so far as the centralization of industrial power is traceable to failure in the supply of business ability, no permanent relief from the evils of trusts may be expected until the highest grade of business intelligence becomes the common possession of the business world. The trust may be regarded as a corner in business insight, business talent, and business courage. Many agencies must cooperate to break this corner, but among these agencies none should be assigned a more important role than the universities and colleges of our land. When high grade commercial education comes to be acknowledged as a legitimate and dignified phase of university instruction, and made attractive for young men ambitious for business success, the first step will have been taken toward the restoration of those conditions in which healthful competition can again control industry. From the point of view of our universities the solution of the trust problem means the development of courses in higher commercial education. SecondA study of the market since the introduction of steam transportation makes clear the fact that the temporary collapse of the competitive principle pertains to the transportation and sale rather than to the manufacture of goods. How far the recognition of this fact might lead tne government in the regulation of the market no one can say, but one point is clear. That which gives character to the modern market is the rule according to which payment is made for the service of transportation. This means that the railway problem lies at the bottom of the trust problem. In making this statement, however, I am unwilling to concede that the solution of the railway, problem is limited to the gaurantee of equal facilities to all shippers at the same price. The heart of the problem lies deeper. If the mischievous features of trusts are to be dissipated through the agency of railway reform, that reform can not be arrested until the principles of public utility, rather than cost of service, become the ruling consideration in the formation of freight and passenger schedules. The railway problem will not have been solved until the manufacture and the sale of goods is again brought under the control of normal and healthful competition. Should this require the nationalization of railway property I find myself constrained to admit that the dangers incident to such a policy are of relatively less significance than the dangers with which our industrial organization is threatened by the perpetuation and further development of manufacturing and commercial monopolies. From the point of view of government then, the solution of the trust problem demands, before all else, an efficient governmental control of the business of transportation, to the end that all manufacturers may be treated" alike in the markets of the nation. The truth is that the monopolistic features of trusts pertain to the buying of material and to the selling of goods. Market conditions should claim the attention of the reformer. Third Neither the paucity of business talent nor the maladjustment of railway schedules is adequate to fully explain the tendency toward monopoly among manufacturers. Mention must be made of a third cause equally potent and infinitely more difficult of adjustment. I refer to labor, organizations. The question as to whether trades unions can or can not raise wages is a familiar one to economists, but one feature involved in this controversy seems to have been overlooked. He who follows the logical development of the concession made by John Stuart Mill namely: that organization among workmen can increase the price of the commodity which they sell will be brought, sooner or later, to the conviction that every step in the rise of wages, traceable to the demand of workmen for higher pay. results in the disappearance of those employers who under the old rate of pay Avere just able to maintain a profitable existence. Expressed in a sentence, this means that every successful strike sets in motion those forces which result in the concentration of industry. Trades unions may raise wages, but they do so at the expense of the small employer. If this be true, it is evident that the solution of the trust problem, or perhaps it would be better to say the readjustment of industrial forces and conditions by which the principle of commercial competition will be placed again in the seat of control, can not be attained without a final determination of the relative rights and duties of employers, and the evolution of an organization, partly political, partly industrial, by which these rights and duties may be expressed, and through which they may be realized. From the point of view of the economist, therefore, the solution of the trust problem means a more perfect analysis of industrial conditions and a more perfect understanding of the moral rights and obligations of labor. Of one fact we may rest assured. If the industrial analysis be clear, and the moral rights be plain, those who make our laws and administer our courts will not be backward in giv-ing to these rights an efficient expres sion.
Police Court. There were two cases in police court this morning. Jack Donlin was before his honor charged with intoxication. He plead guilty and was assessed a fine of $1
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Xtoweil, Maes. 21 21 ' and costs. Gabe Doty was arrested charged with drawing a weapon, was given $1 and costs. and He
4U N I OTLA BE L
CI10. PLACED
LARGE OBDERS CARNEGIE COMPANY TO ROLL TWO THOUSAND TONS C , C. & L. IN CONDITION At Once by Order of President Harding Arrangements of the Staff. Cincinnati, O., August 9. Large orders are being placed by the C, H. & D. for new equipment and supplies or all kinds. It was learned yesterday that an or der for 2,000 tons of steel rails had been placed with the Carnegie com pany for delivery at the earliest pos sible moment. The price is under stood to have been $28. Just what these rails will be used ror is not disclosed at the present time. It is believed, however, that some of them will be used in the proposed cut-off from Dayton to Rich mond, where a connection will be made with the C, C. & L. ' Later another order will be placed, and the C, C. & L. will be supplied with heavy rails, where needed, for the purpose of carrying the heavy traffic which will ultimately pass over this line between Cincinnati and Chicago. ' This week orders have been issued for a large amount of betterment work on the C, C. & L. The original betterment plans of the C, C. & L. have practically been doubled. Large gangs of men have been rushed to various points during the week. These gangs will widen the embankment, lengthen passing tracks and ballast the road from end to end. It is expected the work will take six months. This new activity indicates that the C, C. & L. will receive a heavy tonnage at a very early date. The orders for this work are understood to have come from Russell Harding, and that additional instructions will come from him next week, as a result of Saturday's inspection of the road in company with the officials who went with him. It is also expected other important announcements will be forthcoming from Mr. Harding the first of the week, including, possibly, the decision as to the location of headquarters, and the arrangement of the official staff. Terms of Transaction. New York, August 9. The terms under which the stocks of constituent companies have been purchased by the C, H. & D. consolidation are officially stated to be as follows: Stock, C, C. & L., amount $4,050,000; securities paid, $3,500,000. This is paid for in 4 per cent, tenyear notes of Pere Marquette, not paying interest for one year. Stock, Pere Marquette company, amount, $11,000,000; securities paid, $8,250,000 and $5,550,000. The $8,250,000 is in the new refunding bonds of the C, H. & D. and the $5,500,000 is in two-year convertible notes of the some company, convertible into common stock. The Pere Marquette common is bought on a basis of 110, taking bonds at 00 and C, H. & D. common at S5. No offer has been made to C, H. & D. preferred stockholders and none has yet been decided on. Fairbanks a Public-Spirited Man. Senator Fairbanks is a public-spirited man.' As citizen and senator he is held in equal esteem. But he has merged his personality and private atrairs so completely into his public career that it is dufficult to think of him as a private citizen. He has even given up his profession to de vote his whole time to public duties and from the time he entered public life he has steadfastly refrained from accepting fees as a lawyer. Senator Fairbanks is consulted on affairs of local public interest to his home city, particularly those which have a ''Washington end,'J over which he keeps a watchful eye. He is president of the Benjamin Harrison Monument Association of Indianapolis, which has raised about fifty thousand dollars and proposes to erect a memorial to General Harrison on the site of the Indianapolis federal building, now under construction. He is vice president of the Thomas Jefferson Memorial Association, organized to erect a monument in Washington to the third president of the United
States. He is a member of the executive committee of the trustees of the'f 1-
MeKihley Memorial Association, and delivered the adddress at the unveiling of the McKinley monument at Toledo, Ohio, last ear. Both Senator and Mrs. Fairbanks retain a lively interest in their alma mater. The Senator is a trustee of the Ohio Wesleyan University, and his eldest son and only daughter Fairbanks' Indianapolis residence, at 1522 North Meridian street, is a modest and comfortable two-story frame house, with a large porch ex4nl,ii altit ratli - - . . . . 1 . ... I .1 1 . . . ...... C icmiiuj; tiioii uuill MUC, urnuiifully shaded, and overlooking a large lawn. In Washington, the senator and his family occupy the Van Wyck house, near Dupont Circle, in the fashionable section of the city. The house is admirably adapted for en tertaining, and Senator and Mrs. Fairbanks' life at the capital is characterized by a generous hospitality. Mrs. Fairbanks occupies a social leadership in Washington because of her charming qualities as a hostess and by virtue of her position as presidentgeneral of the Daughters of the American Revolution. Senator Fairbanks' home is made more interesting hy reasons of his large family, some members of which are nearly always to be found beneath the home roof-tree. From "Charles Warren Fairbanks, Republican candidate for vice president," by Thomas R. Shipp, in the American Monthly Review of Reviews for August. PLANTS IN Odoriferous Flowers Said to Be the Foes of Consumption. Flowers were advocated as a cure for consumption by Dr. Frances Bartlett, in a paper which she read before the Botanical Society of Pennsylvania, at the University of Pennsylvania a lew evenings asro. "Why send consumptives and suf ferers to Colorado to benefit by the climate when we can bring that clim ate into their homes by the simple expedient of having growing plants in their rooms?" was the gist of Dr. Bartlett 's remarks. . Her , paper was on "Flowers in the Sickroom," and in part she said: " "Growing ,plants, and especially odoriferous flowering plants, are of the greatest value in the treatment of the sick. As long as the plants are kept moist they will diffuse moisture and they undoubtedly have the power to produce ozone. Some plants will vaporize the atmosphere to the amount of three times their own weight in a day. In this way the atmosphere of a sickioom can be made of the greatest benefit. The only dangerous plants to place in the sickroom are those which give off unpleasant odors. Care should be taken, however, not to keep cut flowers in the rooms at night. They throw off carbon dioxide, but during the day time the amount of oxygen they produce neutralizes the harmful effects. "The chief cause of colds is found in the habit of going from heated buildings into the cold street. If people could only be prevailed upon to maintain an equable temperature and humidity by having plants growing in their homes and places of business the danger of taking cold would be practically eliminated." In a paper on "The Flowers' Best Friend, Dr. C. C. Schmucker paid strong tribute to the bumble bee. "Upou this abused insect's distri bution of seed we are almost absolute ly dependent for our erops of clover," he said. "You must have noticed that the first crop is always much smaller than the second. That is because early in the year the bees are abroad in much smaller number than later." Suit for Money. Dayton, August 9. The Merchants' National bank of Cincinnati has brought suit against the Mead Paper company of this city for the recovery of $21,500 on three promisory notes. San Francisco and Return $67.50. From Richmond, Ind., going one way via. Canadian Pacific railway, through the world's famous Candaian Rockies with their 600 miles of siupndons mountain peaks, awe inspiring canons and mighty cataracts. Tickets good to go August 15th to Eeptember 10th. Proportionate rtifes from all other points. All agents can sell tickets by this route. For further information and illustrated literature write - ' ts-1 A. C. SHAW, General Agent, Chicago.
- 1 ,,,, MJlfliO'IJ graduates. Senator and Mrs. Fair-(can not have it or, any way, if you enal success. It has been known to banks are members of the Meridian j are hot and sweltering and tired of us for some time that there were lots street Methodist Episcopal church, of the dirty city you will welcome the of people in Richmond who would Indianapolis. The senator is a mem- vacation number of Outing. "Paddl- like to buy a good loaf of salt riin ber of the church board. Senator ing Your Own Canoe," is the aliurinsr bread, but there are verv fW
SICKROOM
miUrALNtt WUXJtia.,
Outing For August. If you despise vacations and good times in the open, you do not want to read August Outing. But if you are mir ui me nrsi article, by the late Leonidas Hubbard, Jr. Cooling photographs of river happiness empt the reader to get a girl and iro and do :i e i. . , I 1 A .4- . 4 ... 1. i l rllltvlll aiHl UlK'OIlI ventional article is "A Woman on Hip Trail," by Rena A. Phillips, with nov el pictures of the author, showing how attractive young women can look and still be fitted for the experiences of life in the woods. Equally timely I-T TTrr. . -i- . is i;inies ii. xucKerman s discussion of "The Outdoor Horse Show" an. its resemblance to the old fashione county fair. t New pictures of note contestants and interested societv folk accompany the article Doubtless the great army of outdoor people have been watching ever since Casper Whitney's return from South America for the first of his new jun gle studies. "The Trail of the Ja guar," in the August number, will surely satisfy them, for Mr. Whitney is writing up the human interest side of South American life in a new way. Apropos of the recent disturbances in Thibet, which have so aroused the cur iosity of the Hon. John Hay, another foreign article, "Life Among the Thi betan Savages," by W. C. Jameson Reid, has a special importance. The August American Boy. The August American Boy, publish ed by the Sprague Publishing company, of Detroit, Michigan, is note worthy especially for its account of American Boy Day at the St. Louis Exposition, July 5th, which was plan ned and carried out by the publishers, of that periodical. Nearly five thou sand people participated in parts of a five-hour program on that day under the chairmanship of the eclitor of The American Boy. The participants in the program were mainly talented boys from various sections of the country. Half a dozen pages of The American Boy are given to a detailed account of the proceedings, splendidly illustrated. No boy, and indeed no adult, can read this account without feeding something of the inspiration of the occasion. The publishers of TheAmerican Bov also announce in this number that they propose to try to make American Boy Day a permanent American institution in every city and country town in the country AMUSEMENTS. Exciting kinetoscope pictures in motion Albert Edward, King of England. Also Queen Alexandria, President Roosevelt, McKinley, Furious Charges, Men and horses swim after the enemy. Shot and shell cutting right and left, steam roller running over Mike Casey, Capture of railroad bandits and the Riddle boys, fat and h an commedians, General Slocum steamboat disaster, New York excursionists, 1,000 lives lost. All in motion. Ben Hur and the mad chariot races. McKinley, President Roosevelt, the Mikado, Czar, the assassination of his prime minister, King Albert Edward of England, Dowager Queen of China and all other notable people all in motion. Spanish-Ameri can Avar scenes in motion. We draw the largest audiences of my show traveling. A whirlwind if excitement follows. Prices 10, 20 and 3.0 cents at the Gennett Theater in this city, Saturday, August 13. Frominent Minister of Friends Dead. Friends of Eli G. Parker, will regret to learn of his sudden death at Lamonte. Mo., August 1, of lockjaw. Eli G. Parker was born at Westlard. Ind.. September 22. 1S44. be ing the eldest son of James B. and Hannah B. Parker. He was married to Mary M. Thomas, daughter of Rev. Francis W. and Rebecca Thomas, on September Gth, 1F65. He was a loving and devoted husband, and together they have spent their lives in God's work, each having been ministers in the society of Friends for over thirty years. His wife and four children survive him, all of whom are married. Mrs. Alice Houser and Mrs. Fannie Ailsworth, of Kokomo; Mrs. Marietta Patterson, of Lamonte, Mo., and J. Yestel Parker, of Fairmount, Minn. He also leaves a sister, Mrs. Rebecca M. Hodgson, of San Francisco, Cal.. and a brother, Charles O. Parker, of Richmond Ind. - : A loving companion, father, broth-
are anions: us i u a aeauon. or would like one and throughout Hip wiimtn- M, ..i
cr and faithful Christian worker, who
.til family, relatives, church friend and Notice. t We have secured the services of Mr. j Hippie, a salt rising' bread export j who has introduced it in Indiana J j' lis, ami a number of other lan-o citi- s in the U. S. that 'understand making it. Our heavy expense in importing this oxert to make salt rising bread for us, is your gain, and only adds another link to the modern methods that prevail throughout our entire establishment. It will be on sale at all groceries on and after tomorrow. August 10th. Made only by Richmond Baking Co. UGLY MOTHER Destroys a Romance-She Weighed 200 Pounds. (Charles Hill i Chicago Tribune.) lhere is a good story about a vounand wealthy bachelor of Chicago who met at Nice a beautiful American girl who was "doing" the continent with her father that may help to illustrate a case in point. The girl was a brunette, graceful, slender, and tall and unusually intelligent. In a word' she seemed to fulfill the Chica-o' man a ideal of young womanhood. She had a slight lisp, which, in hU nnnd, added to her attractiveness. He fell madly in love. with her and extended the time of his vacation so that he migh follow her home to Kansas City, where she lived. He "liked her father and meant to ask for the daughter's hand at the end of the trip. And so it came about that he met her mother. The old woman weighed 200 pounds, was asthmatic, ignorant, vulgarly attired, and plainly anxious to maw off her daughter. In everv otl.Ar spect her daughter resembled her even o the lisp, which the young lover had listened to with delight.The same hair, the same eyes, the same stature, the same tint and texture, of complexion. Would that graceful, slender, cultivated young girl grow to look liL-- 1, mother f It was a horrible, disillusioning thought ;for the young man,, bue he couldn't shake it off and his 1 courtship. ended as suddenly as it beffan. If he had never, seen his once prospective mother-in-law he might have married his choice and lived happily with her to the end. An infinity of arguments for and against the desirability of isolating from relatives have been urged and nearly every familycan supply out of its own experience some points on nnA pr the other side of the question. The weight of testimony seems to be m favor of the Theriot theory so far as it applies to grown persons. It is not so easy to believe that children who have lost parents and relatives are fortunately started in life, even if it is conceded that such early isolation develops courage, enterprise, and self-reliance in the youth. HEALTH OFFICE. 4 V Born to Mr. and Mrs. Gordlv. 222 South Fifth street, a boy. To Mr. and Mrs. Lans?. 17 FL Wayne avenue, a boy. To Mr. and Mrs. Nickens, Spring G. , ' 1 . rove, a girl. To Mr. and Mrs. Haines, 730 North Fourteenth street, a1 boy. To Mr. and Mrs. Heath, S South Seventh street, a boy. To Mr. and Mrs. Brumbley, city, a rri rl To Mr. and Mrs. Main street, a girl. Svendsen, 400 Do You Want a Home? ' If so, the elegant , residence corner of Main .and Twenty-first streets, must be sold during the next 30 days." An existing encumbrance of $5,000 at 5 per cent, can run for years, with privilege of pre-payment. We want a cash offer for the equity the greatest kind of a bargain can be secured ; prompt attention . given all inquiries. - A. J. VAN DEINSE & CO. Indianapolis, Ind. 22-26t Jap-a-Lac all colors. Ketch Hard ware Co. eod-2w Try the Palladium. for job printing.
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