Richmond Palladium (Daily), Volume 31, Number 303, 28 November 1906 — Page 4

The Richmond Palladium, Wednesday, November 28, 1906.'

Page Faun.

THE RICHMOND PALLADIUM Entered at Richmond Postofflca as Second Class Matter WEDNESDAY MORNING, NOVEMBER 28,1906

RICHMOND, IND.

UNIONfe

NUMBER 30 I

Stick: By Municipal LrifiHt Plant Last evening's Indianapolis News contained an article on the Electric Light Trust and its relations with Richmond, in which the Trust is shown to be up to the same kind ot dirty tricks that characterize most other combinations. The Palladium was the first Richmond newspaper last spring to take up the cudgel in defense of the Municipal Light Plant against the Light, Heat & Power Co., the local branch of the Trust, and now that the secret workings of the Trust have been brought to light we are going to take up the cudgel again and not drop it until the Trust has for once and for all time been dcertainty. The sum thus far in sition where It cannot harm the best interests of the city. In the first place, according to the Indianapolis News, the Light, Heat & Power Co. branch of the Trust has established one of the most common .nd necessary departments of any successful corporation, a press bureau for molding public opinion- The Indianapolis News prints one of the articles evidently sent out by the local branch of , the Trust which we reprint below It should be a matter of congratulation to Richmond citizens and Richmond newspapers that these articles are sent to papers published outside of Richmond, though with some circulation here. The News says: "A number of newspapers, including The Indianapolis News, have received a so-called special dispatch reading as follows: Richmond, Ind., November 27. From a presumed investment of not to exceed $75,000, Richmond will soon have approximately a quarter of a million dollars tied up in' its municipal lighting and power plant, and its future an uncertaainty. The sum thus far invested is $233,000. The situation presented InRlchmond ; is no. doubt one of the most interesting in the United States, and the outcome, will be watched for generally, both by the friends and foes of municipal ownership. Richmond people voted for municipal ownership by a ratio ot six to one, but doubt has begun to arise in the minls.of many its ardent supporters as to the wisdom of having voted for the city to build and equip an electirc light and power plant. So many complications have arisen, so stiff is the competition furnished and so much additional investment is being required in the city plant, that it Is no doubt true, many, if called upon to vote for municipal '- ownership, would at least ponder a long . time .before they cast their ballots favorably. Perhaps the hardest proposition that the plant finds It has to meet is the competition of the Light, Heat and Power Company the private concern that formerly had the Contract for street lighting. This company is backed by ample capital, In the hands of Philadelphia (Pa.) capitalists, the plant is being rebuilt and is going after the commercial business light and power with much vigor. In doing so the" private company can cut its rates as ; circumstances ma yrequire, while the city, with published and established rates, can not meet the competition, but must rely upon a spirit of patriotism to give it business. However, in many instances, even among those who favor municipal ownership, this patriotism does not go to an extent of losing money merely to patronize the city plant. Some business men claim they can not afford to use the city plant, so much heavier are the bills produced by it when compared with those of the private company. Busy Along Other Lines. "It is noticed In this dispatch that the date line if left open the . telegraph editor can fill in the date any time he pleases. As far as the Indianapolis News is concerned it can" be stated that the correspondent of that paper here did not send the dispatch, and did not know anything about it until it was shown him. The purpose of the dispatch is plain. It is to create talk against the municipal plant. And while the people are studying over these phoney dispatches, the trust will be busy along other lines." This, then, is one of the ways In which the Trust is' fighting Richmond. In this Trust dispatch it discloses another way in which our Municipal Plant is being fought, and that Is by means of giving certain people the advantage in secret of lower rates than those published by either the Municipal Plant or the Light,' Heat & Power Co. In other words the Trust through its press bureau frankly Informs you that while you may be getting a- rate of 5 cents for a certain amount of electricity, your neighbor, in order to win him away from using electricity from the city's plant, is paying only 2y2 cents for the same amount. As to whether that is fair or not we leave to those of you who do not apply Trust methods of reasoning. Of course, it is competition but in supporting that kind of competition you are practically robbing yourself. What if you are able to get electricity at present cheaper from the Light," Heat & Power Co. than you can obtain it from the Municipal Plant. By supporting the Light, Heat & Power' Co. thereby aiding the Trust, you are simply weakening your own plant, the ' Municipal Light concern. You are for the time being getting your electricity cheaper, but what would happen if the Municipal plant, through your non-interest and the non-interest of many others, become a losing proposition and 'were closed up or turned over to the Trust? Would the Trust out of the charity of its noble (?) soul continue to give you low rates? No! It would boost rates as high as It could and take it out on your hides for the , number of years you have compelled it to forego large profits in Richmond. Look to the future, and as surely as you were gouged in the past by the IJght, Heat & Power Co. expect It again If you don't support your one safe-guard, the Municipal Plant. ', The representative of fTTG" Trust has probably seen some of you and tried by oily promises of low rates to get your business. If you gave it to him you but drew the .Trust cord around your neck tighter. You have some say in regard to the Municipal plant as you are one of the tax payers whose money helped erect it, and your vote helps elect the right kind of men to see that it is run In your interest. Would you have any say in regard to how the Light, Heat & Power Co. branch of the Trust should be conducted? Not by a long shot Keep the Municipal plant, and work for its success by being one of its patrons.

Income and InKeriiance Tan. If President Roosevelt introduces the question of an Income "and Inheritance Tax into his next message to congress, as it Is reported he Intends doing, he will stir up a hornet's nest. Already according to press despatches the country is divided on the question, the West being favorable to the proposed measure and the New England states opposed to it. It is even stated on reliable authority that the New England states and particularly Boston, will bombard the president the remainder of this week with telegrams urging him to withhold his proposed measure, or at least to present it in such a manner that it can be overlooked by congress. These people will find that they are 'barking up the wrong tree," however, in approaching tthe president in this way, for as Is well known when Mr. Roosevelt makes up his mind that he is in . the right on any question he always goes ahead regardless. And this is one of his most admirable traits. We have had too many "presidents in the past who were too willing to be whole-hearted toward the possessors of great wealth and only half-hearted toward the rest of the citizens this country. ... President Roosevelt's proposed Income and Inheritance Tax law as we understand it is probably one of the most radical that has ever been proposed. In England they have a law which hits both poor and rich alike. There is a little difference in their inheritance tax which increases the rate of tax according to the distance iu blood relationship to which an estate Is to descend. That is to say an estate of certain amount going to a son would pay but a small tax while the same estate going to a man not a blood relative would pay a tax many times as great The president's plan is almost the reverse of the English mode. . Mr. Roosevelt proposes to prevent the descent of enormous fortunes from father to son by a progressive inheritance tax and would place a premium upon their dissipation during the lifetime, of the holder by a progressive Income tax. In regard to the inheritance tax being progressive every fair minded man will agree with the president Such a law

would not only prove of great benefit to the entire country by eliminat- v Ing the great danger of handing over large fortunes from father to son to grow still larger and more threatening, but also will be of real benefit to the sons of millionaires. In nine cases out of ten the son of a millionaire starts out in life handicapped and not helped by his fortune. He becomes a dissipated and reckless spendthrift, no good to hinjself and no good to the community. Vast sums of money which he ought to reinvest for the good that would be done for others, he spends in riotous living, productive or no good and much harm. The question of a progressive income tax, however, Is likely to prove a stickler. The average man in seeking to make more and more money, provided he does it by legitimate means, performs a benefit for his fellow citizens. In order to make more money he must invest any surplus he may have in new industries or in building up old ones. By doing this he provides employment for an increasing number of men with each succeeding year. His saving and re-investing his money, therefore, not only affects a number of men by affording additional employment, but also affects the community In which his industries are located. An increasing number of men employed iu any city means the need of an increasing number of houses from time to time and this in turn affords employment for a still larger number of men in the house building and kindred trades. More houses mean Increasing values for real estate and their occupants mean more customers for the merchant. In fact the striving of men for greater wealth than they possess benefits the country by adding to its prosperity. These men are not trying to make money simply for the purpose of spending it, but for the purpose of getting more of it, and to do this whether they wish to or not, they have to add something to their community and to their country which was not there before. Some men, of course, undoubtedly strive for great fortunes as the means, in this country where we have no social distinctions such as knighthood in England, to perpetuate their family by the power of money. But with a progressive inheritance tax this Incentive would be destroyed. A progressive Income tax, however, might destroy the incentive of men to always be striving harder and harder. Rather than have the greater part of what they make turned over to the government they would spend as much as they could, and this would be bound to turn our hard headed American business men into a race of spendthrifts. By doing this the income tax would not act for the best interests of the country. It would stifle progressiveness and prosperity. f To sum up, the inheritance tax law would undoubtedly do great good for all parties concerned. It would eliminate and snobbish incentive on the part of any man to get a huge fortune simply, for the purpose , of founding a moneyed name. It would also put the son of a rich man on a plane where he must wrork out his own future and not depend upon his father's money to do it for him. The progressive income tax law as at present understood, however, would tend too much to stifle the tender zy of men to re-invest their savings, rather encouraging them to spe.id and dissipate what they make. Congress and the president should consider for a long time before they, pass such an act.

Palladium's Industrial Edition

Is Assured of Complete Success

Large Number of Firms and Individuals

Have Already Contracted for Space in the First Issue of the Kind Ever Presented to the People of This City.

The Palladium's Industrial Edition Is

rapidly nearinig the stage where it can be published as practically a true in

dex of Richmond's industrial and commercial life. Already fifty eight firms or individuals have contracted for space in the edition, realizing its great value as an advertising medium. They know the space they hava contracted for will be filled by well written and right-to-the-point articles, as the Palla

dium has secured the services of trained and experienced writers from outside of Richmond. The hearty co: operation of Richmond's business men will enable the Palladium to issue an industrial edition which will not only be a credit to it, but also to them.

The following are the firms or individuals who have already contracted for

space in the Industrial Ed'tion:

Richmond Light, Heat & Power Co. The Starr Piano Co. Second National Bank. Eureka Fence Mfg. Co." i H. R. Downing &, Son Dougan & Co. Anton Stolle. O. B. Fulghum. Richmond Abbatoir Co. B. Johnson & Son. Chandelier & Art Brass Works. Richmond Overall & Shirt Co. S. F. Watson &. Son. Richmond Casket Co. Richmond Business College. Chas. H. Haner. John J. Harrington. Jenkins & Co.

Dr. A. B. Simpson Co. I. R. Howard & Co. Chas. S. Farnham. Richmond City Water Works. Marlatt & Mansfield. Adam H. Bartel Co. Hoosier Drill Company. Richmond Baking Co. Jones Hardware Co. I Westcott Carriage Co. 1 Louck & Hill Co. Richmond Roller Mills. J. N. Grubbs Co, Pogue, Miller Co. Gaar, Scott & Co, Simmons & Youngflesh. Frank M. Price. Geo. H. Nolte. Union. National Bank. ' Nicholson Printing Co. Richmond Shoe Co. Watt A Keeler. Richmond Coal Co. .S Geo. R. Dilks. Leo. H. Fine. Kibbey & Co. Richmond Hat Mfg. Co. The F. & N. Lawn Mower Co. Richmond Steam Laundry. The J. M. Coe Printing Co. Indiana Loan Co. The Peter Johnson Co. Omar G. Murray. Fry Bros. Chis. F. Schaefer & Co. H. E. Bullerdick. Miller Harness Store. Doan & Klute. F. J. Parsons. Champion Roller Milling Co.

EFFORTS OF LIGHT

TRUST LAID BARE (Continued from Page One.)

sale they were just handed over.

And right here comes in the 'promi

nent citizen and leading banker,' the same class of people with whom Indianapolis has had some experience. "Four distinguished, . open-handed, prominent citizens, twoof them bankers, 'leading bankers,' if you please, sat in the game. To the public at large the bonds were sold at par. But the four prominent citizens who 'sat In,' cut up between them the mod est little sum of $17,000. Of course that has nothing to do with the trust's efforts to get the city plant. It Is lust a side issue made possible by the actions of the trust and because there

Msuomwaguu of money. It made no move toward The city began operating tho plant buying the plant. Not the smooth August 1, 1902, when the ten-year con-1 oId trusU But at the lagt eessloQ of tract with the Richmond Light, Heat the General Assembly it Introduced a andPower Company had two years to j bm autnori2inig common councils t j l"nS ThZ,??nCy, wa31fdPte of fJf! appoint three non-partisan appraisers buying additional arc lights from i the , ho could fix tte value of h (, Richmond Light, Heat and Power Com- lightingf water or other w,c gervice pany but whenever occasion arose foi j plant- Qn that appraisement tho additional arc light this was furnished Counc1 was to have r to order by the municipal plant. The number jfh Sfl,A of thek 1aTlf.

made special contracts and indulged in other Standard Oil methods for the purpose of making the citizens dissat isfied with the municipal plant. August 1, 1903, the contract with the Richmond Light, Heat and Power Company for the lighting of the streets of Richmond, expired and the city plant took up that work. It lighted the streets one year for about $6 a light. Now th city plant is charging the city about $75 a light, but It is simply taking money out of the one city pocket and putting It into the other because, as stated at the iginning of this dispatch, the city treats its lighting plant, just as if it were a separate corporation, instead of making it one of the department of the citj service. Grab Bill in Legislature. ''Now all this time, understand, the trust was not on the trail of the city lighting plant. It was in the trust's way, was a,- competitor and if the trust could down that competition it could stick up prices and make a lot

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BETTER CLOTIEl FOR LESS HONEY That's what you get when ypu bufsOf us. Suits, Over Coats and Cravenettes in a!i the latest styles. These garments are raadeKJa little better than seems necessary." Hand felled collars, hand made button noils and finely tailored throughout. Does this make the clothes cost you more thai theyiought to cast? Decidedly not. For the simple reason that our outlet for merchandise is to large were enabled to buy economically and

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dispatch from Marion recently, Warren G. Sayre, of Wabash, who was in

the Lower House, put a joker In the

bill requiriing that a vote of the people decide whether or not the sale should be consummated, and that bill

died the patriotic citizens, leading bankers, etc., had no use for it if the

people had anything to say about the sale of their property."

In conclusion, the News tells of tho

efforts of Edwin E. Witherby of New

York, representing the trust, to buy

the city plant last spring, and of the city's refusal to consider the offer. Summing up the Richmond electric light situation, the News says:

"There you have the whole thing.

The trust could not put the city plant

out of business.

"The trust could not, by aid of the

Legislature, get its creatures to dis

pose of the plant.

"The city refused to accept the offer

of the trust to buy the plant.

"Now the trust is at work trying tJ

make the plant odious, reduce its val ue as a public service utility, then call an election and by some methods get votes enough to have the plant sold.

"The eyes of the trust may be clos

ed once in awhile, but it never sleeps And it is to keep it from doing any harm in Indiana that the General As sembly will be asked to pass a good anti-trust law."

Linton, Ind., Nov. 27. A search of Tower Hill mine here disclosed the fact that Luis Shulles', who shot and fatally wounded W. A. Watson, had gone through a passageway connecting that mine with, the Midland mine and had then escaped through a manhole. Shulley, it is reported, was seen about two miles west of hre. tov Polish Exploded. Sandusky. O., Nov. 27. A patent polish purchased from a peddler exploded while Mrs. James Miller, 70, a widow residing near Bloomingville, was brushing up her kitchen stove in which there were a few hot coals. Mrs. Miller's clothing took fire and she was terribly burned. She can not survive.

It rarely fails to cure rheumatism because it supplies the blood with the necessary substance to absorb the poison of rheumatism-uric acid. That is what Hollister's Rocky Mountain

Tea will do. Tea or

cents. A. G. Luku & Co.

Tablets, 33

See how what you have rteard look in print and get a dollar for doing It. Win tho news "tip" prize.

LIE MORRISON IS DEAD

Former Richmond Woman is Found Dead in Bed at Her Boarding House- Often Requested That Her Past be Allowed to Drop.

Marion, Ind., November 27. Miss Lydia Morrison, seventy-one years j old, was found dead in her bed at the Scott bord 4 --house, in Fourth street,! at 9 a. m. today. She- had been In poor health for some time. She re- ' tired last night tf . 30 o'clock. At what time she died i3 not known. Miss Morrison came here from Richmond three years ago, 'end she made her home with Mr. and Mrs. Scott, j working as a domestic. Little is j known of her antecedents. She fre-; quehtly requested those with whom j she talkedi to let memory die , with i her. If relatives do . not claim the ; body Mr. Scott will bury it at his own

expense. Neuralgia of the heart the supposed cause of death.

The above dispatch relates to a woman who was widely known in Richmond. Miss Morrison and a sister lived alone here for a long period, the sister died three or four years ago and immediately thereafter. Miss Lydia Morrison went to-Marion. Another sister, 'who is married residen at Indianapolis. So far as known there are no relatives In Richmond at this time.

Babie's health depends upon babies

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35 cents. A. G. Luken & Co.

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of these lights, however, was inconsid

erable and the city continued to pay, under its contract, the sum of $90 for each arc light until September, 1904. Trust Cuts City's Rates. "The municipal plant made a schedule for domestic and commercial lighting that was considerably less than the prices charged by the Richmond Light nd Power Company for the same ser vice. Then the trust got busy and made rates 10 per cent below the nrtces chareed bjr the municipal plant.

ing the people. "In plainer and uglier words, the

trust could elect a Common Council : that Council could appoint three of its creatures to fix a price on the municipal plant, then the trust's Council ! could sell the plant to the trust. j "A number of prominent citizens,!

leading bankers and genuine allaround patriots from Marion, Logansport, Muncie, . Richmond and other places went to Jndianapolis to lobby that bill through. ' As was stated in a

j . mi I

AM M ho if theyesfc, f a&boldas

Takes much oelight b showing them our range

hoarse-

Tf neme of fris great rar.ge cf ferre-

"JiTy RNINSUIA. cl course L .

JONES