Richmond Palladium (Daily), Volume 32, Number 350, 31 January 1908 — Page 4

PAGE FOUR.

TIIE RICHMOND PALLADIUM AXD SUX-TELEGRAM, FRIDAY, JANUARY 31, 1908.

THE RICHMOND PALLADIUM AND SUN-TELEGRAM.

Palladium Printing Co., Publishers. Office North 9th and A Streets. RICHMOND, INDIANA. PRICE Par Copy. Daily 2c Per Copy, Sunday Sc Per Week, Daily and Sunday 10o IN ADVANCE One Year $5 00 Entered at Richmond, Ind., Postofflce Ab Second Class Mail Matter. THE STEEL TRUST REPORT. The United States Steel corporation has issued its latest quarterly report for the period ending December .'51, 3907. The figures it presents are Bueh that all men should ponder over and perceive, if possible, their true meaning to the country and its welfare. For the quarter Juat ended, the Jiet earnings were $32,5.V.,9Jr. For the year of i;X7 the net earnings were $lCO,f8-4,477. From these net earnings for the year were deducted the dividends, fixed charges, appropriations, etc., leaving a surplus for the year of ?ir, l.'i2,.V. The total surplus of the corporation is now li:".,17.'!,'J74, all of which has been made during the Ja6t. six years. The stock and boml-s of the Steel trust are divided as follows: ?oOS,.r;t2,.rX of common stock, ?.W0.2S1.l0rt preferred stock and $563,9."3,S0 bonds. Two per cent is paid on the common stock, 7 per cent is paid on the preferred stock and 5 per cent is paid on the bonds, or respectively. $10.1G0.'CO. $25,21f.77, and $28,19G,t0.'? a total of ?S3,r.K2.420 for disbursements to stockholders and bondholders. These figures show two great wrongs that have been perpetrated on the American people. In the first jplace this "infant industry" taxes the people of the country annually for millions of dollars for "protection." It is one of the industries that is behind the standpatters and howls at the mere mention of tariff revision. Under existing conditions it is making not only over $63,000,000 for dividends, but it is making $97,000,000 above that together equalling the neat earnings for one year out of which, after all fixed charges, appropriations, etc. ,are charged otf, there yet remains a surplus of over $15,000,000. In the United States, on account of the high tariff wall, the trust has practically no competition and makes prices to ult Itself. On account of this we the people are taxed Indirectly In a thousand different ways to make these gigantic net earnings annually. For example, our great railroads are forced to pay an exorbitant price for steel ties. This affects us in several ways. If we own a little railroad stock It means that the earnings of the company may be lowered on account of the liigh. pTice that must be paid for rails. Or, If we are shippers over any railroad, it may mean that wo have to pay a higher freight rate in proportion to the higher fixed charges of the road, for renewal of old rails or extension of the line. Take another example. We may be. a farmer living in "Wayne township, never having any dealings with a railroad. Wo bring vegetables to the market, we will say, and every day we come to the city must cross the steel bridge over the river. That, bridge was built with money raised fro mthe tax payers of this township. The Steel that enters Into its constmction was obtained from the Steel trust at its usual exorbitant prices. Now it can be seen how, in a multitude of ways, the American people are being taxed indirectly for the support of this corporation, that declares it cannot exist but for the high protective tariff. There is yet another side to this Questiou and its importance is attested to by the staggering figures we have given above. Referring back to the first paragraph, the total capitalization of the steel trust amounts to the eum of its common and preferred stocks and the bonds, or to the immeuse sum of $1,43"-,C17.100. Were this capitalization real were tverv ! cent of it raid in, the net earnings of ' the corporation would not represent the result of exorbitant prices. The net earnings of $JtV.0,Oot would be but about 11 per cent of the capitalizairiTT nrniliillv it fo lr r1-.tiiT'i Vt, f

.v.. ..juv. ut()cs tl)at ha& not be)u identified. The that total capitalization of $1,400,000.- i other is badly mutilated.

OM, only aoout H,..ah) represents j paid up capital. The other ,nHuV 000 is nothing but watered securities. Think of it, $$00,000,000 and all fictitious value. It is on this $,0,that the American people are forced to pay unrighteous dividends by rueans of exorbitant prices for steel products, J. Pierpont Morgau, whom Wall street proclaimed as the savior of the country during the recent panic, was the father of this gigantic imposition on the country. That SSOO.OOO,OOO represents what Thomas V. L--

eon termed "made dollars," in the eense that they were turned out over night from Wall street's grinding securities hopper and forcibly added to the country's liabilities, though they actually represent nothing but "water." All the other trusts are built on the hame basis a "watered" foundation, which the people must support. So, when ne complain of high prices v.e now tee the reason. We are paying indirect taxes in the- shai:e of exorbitant prices for all trust-controlled products, in order to provide dividend.) for stocks and bonds that have absolutely no right to them. When we wake up, when we take more interest in our government, wtien we elect the

rignt Kina or men to represent us in both branches of congress, then will these steals be stopped. NOTICE. Persistent, rumois are being circulated by one of my opponents that I had made overtures to him through a friend, that one of us had better withdraw because if we both remained in t he race, neither of us could be elected. This story is absolutely false. Therefore I am obliged to make the following statement. A certain Bank in Richmond asked a friend of mine to propose to me in behalf of their candidate, that they would pay all the expenses I have been at up till now, and would pay mo $2.00 per day for my time up till now if I would consent to withdraw in favor of their man. I sent word to them I was not for bale and tinder no condition could I be bought. I am in this race for Treasurer of Wayne county 1o a finish and hope the voters of Wayne county will stand by me with their support." Yours truly, FRANK 15. JklNKINSON. R. R. 2. Richmond, Ind. KERN BRYAN'S MATE Asserted That Indiana Man Will Be Chosen as Partner in the Race. IS PROMINENT DEMOCRAT. If the democratic national convention next summer nominates William Jennings Bryan for the presidency, it is not altogether unlikely John W. Kern will be named as his running mate as the vice presidential nominee. This is the newest gossip among Indianapolis democratic politicians. Mi. Kern says he knows nothing of It. It is the general opinion all over the country that, in the event of Mr. Bryan's nomination, his mate will be chosen from either Indiana, or New York, and, if it falls to the lot of Iloosier democracy to furnish the man for the second place on the national ticket, Mr. Kern undoubtedly wi.. be selected. Apparently the only reason for considering it likely New York will put forth the vice presidential nominee is that New York is an Eastern state, but when Indiana is compared with Nebraska, Hoosicrdom is looked upon as belonging to the Fast. Consequently there is no reason to believa Indiana will not furnish the man for the second place because, of geographical position. Undoubtedly the democratic ticket would be much strengthened in Indiana if Mr. Kern's name should appear on the ballot. Probably no democrat, aside from Thomas Taggart, is better known to the democrats of Indiana than Mr. Kern. In his campaigns for governor he has made acquaintances among the people in practically every town and city in the state, in addition to being known personally by party workers from the Ohio to Lake Michigan, and everywhere he is recognized as a true democrat, thoroughly in accord with the principles of the party as expounded by Mr. Bryan. KILLED IN MINE EXPLOSION One of Victims Blown Into Tree Some Distance. Charleston, W. Va., Jan. 31 Nine miners met sudden death in the New River Colliery, known to miners as the Lower Boone Mine, forty-five miles from here, near Hawks Nest, yesterday, in an explosion that partly wrecked the mine. It is stated that twenty-five men were in the mine at the time of ePlsion and that ; eignt or tne nine dead were instantly killed. The others escaped with only slight injuries. One of the bodies was thrown out of ! the tuine and high into a tree several yards distant. This is one of the bodRIGHT FOOD If you have trouble with stomach, liver or blood, eat Grape-Nuts and watch results. "There's a Reason"

TWENTIETH CENTURY LIAR HAS MADE HIS PEACE WITH MAKER AND WANTS TO PLEAD GUILTY.

f- F4 n f A iS

i

jynMuujttmHuuttUffiiim HARRY ORCHARD. court appointed as attorney for him 1 E. J. Bryan, later elected judge of the

Attorneys Will Do Ail Within Their Power to Save the Life of the Inhuman Murderer.

, It is claimed that Orchard's conviction will be secured, but there will be Caldwell, Idaho, Jan. SI What will sonic nice points for tho lawyer, to be done with Harrv Orchard, self-con- wrangle about. His attorney will not , . " 0. allow him to testify in his own case fessed assassin of ex-Governor Steun- , , , , . , f , , i ,n and he has stated that he will do all enberg, now that his confession has in bjs power to save his client's life. failed to convict Haywood and Petti- On the other hand the prosecuting atbone, and Moyer has been dismissed? torney of Canyon county asserts that The prosecuting attorney insists the state will put forth every effort to that Orchard has no immunity agree- convict the man, but it is suspected ment and that he will be put on trial that his confession will not be used for his life. In the ordinary course the against him. To a correspondent case would come up in the February Orchard said: term of court, but It Is understood that "I am ready to stand trial, to be it will be postponed until March or convicted and to be punished. I have April. told the truth. Because Pettibone and Orchard is in the state penitentiary Haywood were not convicted I do not at Boise, but his trial will be held here feel that my efforts have been in vain, in Canyon county. I have made my peace with God and During the delays in bringing on the have been saved from a more terrible trials of Haywood and Pettibone, the punishment liereat'ter than lies in the trial of Orchard was postponed from hands of human beings to inflict. My term to term. At his first arraign- soul has been saved. I care not what ment in court there in April, 1906, tho becomes of my body."

KILLS OWH CHILDREN Father Calls Children to Workshop and Then Fatally Shoots Them. BELIEVED TO BE INSANE. Chicago, Jan. SI. Wm. H. Meutsch, a carriage maker, at 419 Amitage avenue, yesterday shot and killed one of his daughters, 5 years old, and fatally wounded two other children. The cause of the crime is not known, but according to te police Meutsch had recently quarreled with his wife because of the children. Meutsch called Gertrude, the oldest daughter, telling her to come to the carriage shop under their home. As she stepped through the door Meutsch fired a bullet into her abdomen, killing her instantly. He then called Jennie, 3 years old, and shot her as she entered the shop. William, the two-year-old son, was the last victim to be called and his father shot him just above the heart as he came in. The two children were taken to a nearby hospital, where it was stated that both of them will die. Mrs. Meutsch and an elder son were up stairs at the time and heard the shots, but paid no attention to them. A short time afterward Mrs. Meutsch saw her husband walking in the backyard carrying the dead body of Gertrude and the unconscious form of Jennie in his arms. She telephoned to the police and Meutsch was arrested. The murderer is believed by the police to be of unsound mind. He confessed after his arrest that he lxad intended to kill another daughter, 18 years, old, who was absent when the tragedy occurred. POSTOFFICE CLERKS TO ATTEND MEETING Indiana Branch Clerks Association to Meet Soon. Richmond's postoffice force will be represented at the Indiana State branch of the united national association of post office clerks to be held in Anderson, lad. Minot Cleveland, president of the organization has berun preliminary arrangements for this the eighth annual convention to be ! held May iX. Seventy-five delegates 1 are expected, representing 2oO clerks in the first and second class postoffices of the state. There will be no speakers outside of members of the organization, as time will be taken in fiiscussing matters of general interest. There are fourteen former residents of Mirsouri in the bouse of repre??na-

district. I'pou Judge Bryan a election, F. T. Wymati, of Boise, has been substituted by order of the court, us Orchard's attorney. When first arraigned Orchard was not allowed to plead and a plea of not guilty was Oldtied entered. That is the way the filea now stands on the docket. DAIRY REGULATION State Board of Health Would Have Nothing But Best Conditions in Indiana. OBJECT OF THE RULES. New rules just adopted by the state board of headth to regulate the dairy business in Indiana are now being promulgated by the board. These rules cover a number of conditions in this business which have developed since the old rules were adopted. The rules are in line with the law which took effect March 4, 10o7, which prohibits the sale of milk produced by sick or diseased cows, or collected, kept or handled under conditions which are not sanitary and cleanly. ''The necessity for such restrictions." said H. E. Barnard, ttate food and drug commissioner, "are apparent to all who are familiar with dairy conditions in Indiana. Few dairies are conducted iu a sanitary manner, and too frequently the health of the herds is regarded only as affecting the quantity of milk and not the quality. A properly-organized milk control can not be restricted to stopping fraudulent adulteration. The chief object should be to prevent milk contining injurious bacteria from reaching the consumer and so to control its production and distribution that there will be no opportunity for bacteria to enter." Although by far the greatest of all the Cullinan diamond now the property of King Edward of England, is only one of many famous diamonds held by crowned rulers of Europe. The King still has the Koo-i-noor, a stone which was known as long ago as the time of Caesar's lauding in Britain, .mother well known gem. the Florentine, is now owned by the emperor of Austria. It formerly belonged to Charles the Bold, duke of Burgundy, who lost it on the battlefield. The Swiss peasant who found it mistook it for glass and gladly parted with It for about half a crown. Subsequently it came into po.-session of Pope Julian II, who presented it to the emperor of Austria. Have you noticed the Improved service to Chicago via the C. C. & L.? Through sleeper leaves Richmond at 11:15 P. M. daily, arrives in Chicago at 7:00 A. M. Try it. aprG-tf rhe Cherokees have more day scbools and more Indian teachers than all the other tribes combined. CHICHESTER'S PILLS Taka a 4W. Bwy Tm V yniiiln. AcrCUl- rfEa-TCTre nnmvBst.Stiat.Almlt'

A rear VrauUt tor

ALDfllCH REPORTS FINANCIAL BILL

Important Amendments Made Since He Introduced It Into the Senate. BOND SECTION BROADENED. LIMIT OF CIRCULATING NOTES RAISED FROM $250,000,000 TO $5C0,000.C00 INTEREST BEARING i OBLIGATIONS BROADENED. J Washington, Jan. :l. The Aldtich j financial bill, whi h iias l.ren in 'uc !' hands of the committee on finance since its introduction in the senate on January 7, was reported by Senator Abirich. The various amendments which have hvt -u published from time to linii- appear hi the bill, alihougb in general character the bill remains the same as when introduced. There has been an effort on the part of the committee to eir.phajsize the emergency nature of the act that is proposed and to this end various amendments are inserted in the bill which are intended to cause speedy issuance of additional currency when a stringency occurs. The following amendment is inserted in the first section of the bill in lieu of the provision which gave the controller of currency power t fix the lime and amount of issues, when application is made, according to his judgment and at his convenience: "The controller of the currency shall transmit immediately the abdication, with his recommendation, to the secretary of the treasury, who shall, if, in his judgment, business conditions in the locality demand additional circulation, approve the same and shall determine the time of issue and fix the amount, within tlie limitation hereinafter imposed, of the additional circulating notes to be issued. ! In the Secretary's Discretion. "In order that the distribution of notes to be issued under the provisions of this act shall be made as equitable as practicable between the various sections of the country, the secretary of the treasury shall not "approve applications from associations in any state in excess of the amount to which such state would be entitled of the additional notes herein authorized on the basis of the proportion which the unimpaired capital and surplus of the national banking associations in such state bears to the total amount of unimpaired capital and surplus of the national banking associations of the United States. Provided, however, that in caso the applications from associations in any state shall not be equal to the amount which the associations of such state would be entitled to, under this method of distribution, the secretary of the treasury may, in his discretion, to meet an emergency, assign the amount not thus applied for to any applying association or associations in the state iu the same section of the country." Railroad Bond 75 Per Cent. The clause of the original bill, fixing 73 per cent of the market value of all municipal and railway bonds as the limit of the issue of notes against them has been amended so that railroad bonds alone are to be taken at 75 per cent of their market value. Notes may be issued against deposits of municipal and county ltonds up to 90 per cent of their market value. The limit of circulating notes that may be issued under the act has been raised from $250,000,000 to $5f0,000000. The section of the bill relating to the acceptance of interest-bearing obligations or any legally authorized bonds of states, cities, towns and counties as deposits for the security of additional bank currency issued against them has been broadened coufciderably by amendment. The words "or other legally constituted mmiicipality or district," which have been added, are taken to mean that bonds t issued by school districts and townships will be acceptable, provided they conform to requirements specified. The population of these municipalities is fixed by the reported bill at , 10,000. instead of 20,000 as originally proposed. NOTICE PUBLIC SALE. Attend Public Sale of Household Goods, Monday, Feb. 3rd, at 1 o'clock p. m. No. 305 North Seventh street. T. R. WOODHURST. Auctioneer. MILTON CRAIGHEAD, Clerk. 30-3t The Magic Green Ticket Means Mill Cost. Wait Fop The Big Green Bill Railroad Store.

Sweet Florida Stock

18c a

Chickens, Ducks, Turkeys California Crape Fruit Cauliflower, Spinach, Radishes Onions, Lettuce, Celery, Cabbage, Carrots Turnips, Parsnips, Etc. Telephone Orders Given Special Attention HADLEY BROS. Phone 2292 New-292 Old

Political Announcements Primary to Be Held on the 10th Day of february, 1908

FOR REPRESENTATIVE. LEE J. REYNOLDS Candidate fur Representative from Wayne County, subject to the R'pnblicau Nomination. WALTER S. RATLIFF Candidate for State Representative, subject to the Republican Nomination. -TTTT-.----r ' JOINT REPRESENTATIVE. . .., - . ALONZO M. GARDNER, candidate. for Joint Representative. Wayne and Fayette Counties, subject to the Republican nomination. JUDGE CIRCUIT COURT. HENRY C. FOX Candidate election for Jiutee of the Circuit Court, subject to the lican Nomination. for reWavmt RepubCHARLES E. SHIVELEY. candidate for Judge of the Wayne Circuit Court, subject to the Republican Nomination. PROSECUTING ATTORNEY. CHARLES L. LADD of Centerville, candidate for Prosecuting Attorney of Wayne county, subject to the Republican nomination. COUNTY TREASURER. ALBERT R. ALBERTSON of Clay township, candidate for Treasurer of Wayne County, subject to Republican Nomination. JEROME SHURLEY of Wayne Township, candidate for treasurer rf Wayne county, subject to Republican nomit)5itjatu . FRANK B. JENKINSON Ma Tnwnshtn enndirtatp for Treasurer of Wayne County, subject to the Re- j puDiican .Nomination. COUNTY RECORDER. WILL ROBBINS of Abington Township, candidate for County Recorder, subject to the Republican Nomination. BENJAMIN F. PARSONS, of Wayne township is a candidate for County Recorder, subject to the Republican Nomination. JOHN C. KING of Center Township, is a candidate for County Recorder, subject to the Republican Nomination. FRANK C. MOSBAUGH. of Jackson township, is a candidate for County Recorder, subject to tho Republican nomination. COUNTY CORONER. DR. A. L. BRAMKAMP, Candidate for Coroner Wayne County, subject to the Republican Nomination. COUNTY COMMISSIONERS. ROBERT N. BEESON, of Harrison township, is a candidate for County Commissioner to represent the Western District, subject to the Republican nominating election to be held in February. BARNEY H. LIN DERM AN Candidate for Commissioner of the Middle District. Clay Township, Wayne County, subject to tho Republican, nomination. RICHARD A. DAVENPORT of Wayne township, is a candidate for county commifctioner of Wayno county. Eastern District, subject to the Republican nomination. WILLIAM T. BLAIR of Green township, candidate for County Commissioner, Mid lie District, eubject to the Republican Nomination. Just received a new Ross' Importation ol

The bristles are Sliver Wire Drawn and can not come oat. Every Brush GUARANTEED. Price 35c.

VV. H. Ross Drug Co. DR. A. O. MARTIN

Substantial and Artistic Dentistry Permanently located In rooms 18 and 19. Colonial Building

Th Ar Fin DE WITT C. JAY of Webster Town fhip. candidate for County Conrmis--ii)iur of Middle District, subject tu Republican Nomination. JOSEPH F. GROVES of Jackson towniitp it it caudjdatn for Con.missiom r Wane County, Western District, rubject to Republican Nomination. f HOMER FARLOW ol Rohton Tvwn j fhip, candidate f t Couuty Cum- ! missioner. KaMfin District. fubjct j to Republiciiu Nomination. I 1 TOWNSHIP ASSESSOR. TOM J. GOLDING Candidate for Township Attsi-fcfcoi. Wayne Town ship, Wayne Count j. Subject to tie Republican Nomination. CHARLES E. POTTER Candidate for Township Assessor of Wajim Townfchip. Wayne County, hubject to the Republican Nomination. CHARLES H. BULL A Candidate f.t Township Asse.-ifeor of Wayne Township, Wayne County, subject to th Republican nomination. TOWNSHIP TRUSTEE. CHARLES L. WETTIG Candidate for office f(f Township Trustee, Wayn Township. Wayne County. Mibject to Republican nomination. THOMAS B. MARTIN Candidate foi Township Trustee of Wayne Town, ship, Wayne County, subject to th Republican Nomination. JAMES H. HOWARTH Candidate foi Township Trustee. Wayne Townehlr Mibject to the Republican Nomina, tion. JOHN E. MOFFITT, candidate for of lice of Township Trustee. Way. s Township, Wayne County, subject . x to Republican Nomination. rutu"GE ,W. COOKCandidate foi t ownsnip shin WavneY ' a-vn Townject'to the RelKil BEN H. NORRIS Candidate for Trus tee of Wayne Township; subject tc the Republican Nomination. GEORGE E. McCOY Candidate f. i Township Trustee of Wayne Township, Wayne County, subject to tht Republican nomination. JESSE D. BORTON, candidate foi Township Trustee. Wayne Township tion. Wayne County. Ind.. subject to the Republican Nomination. WALTER J. PAULUS Candidal fot Township Trustee. Wayne Town .-hip. Wayne County. Indiana, sub ject to the. Republican Nomination EASY PAYMENTS J.HASSENBUSCH Furniture, Carpets Stoves. Etc. 305-507 Main St.. Klehmond. Ind. FOUNTAIN PENS. The largest and best stock in the city. 25c to S3. 00. Pens repaired while you wait Keep this in view. JENKINS & CO., Jewelers. PALLADIUM WANT ADS. PAY Perfection Tooth Brash Bell Phone 77 Automatic 1217 804 Main St.

Dozen

DENTIST!

tlTf cf OklBtoB.

.SOU) It 081W3SIS EtUMMSCf

Or 4a