Richmond Palladium (Daily), Volume 35, Number 217, 12 June 1910 — Page 4

PAGE FOUR

THE RICHMOND FALAlJlUiJl AliU s UIS-XEiEOK AM, SUNDAY, JUNE 12, 1910.

Tfce Richmond Palladium and Son-Telegram Published and own4 by tha

PALLADIUM PRINTINU C'U. Issued 7 day each week, venlngs and Sunday morninr. Office Corner North 9th and A streets. Homo Phone 1131. RICHMOND. INDIANA.

Haaotph O. l.eda Editor iMttum Jones ISoalneaa Maaaaer Carl Bernhardt Aaaoclate Kdltor W. R. Poundstone Neve Editor.

suBscnirTioN tehms. In Richmond 15.00 pr ar (In vauce) or 10c per week. adMAIL. SUBSCRIPTIONS One year. In advanca Hlx months. In advance One month. In advance RURAL. ROUTES. One year, In advance Fix months. In advance ....... One month, In advance ,5.00 . 2.60 . .45 .$2.50 . 1.50 . .2a Addreaa changed as often as desired; both new and oid addresses must be klven. ttubscrlbera will plae remit with order, which should be given for a pacified lerm: narro will not be entered until payment in received. Entered at Richmond, Indiana, post office as second class mall matter. ' Tli Association of American '. Advertisers (New York City) has; I itmined and ccrtitted to the circulation ' ai tUs publication. 0al7 tha figures of ' elrculaUoa contained In its report are ; guaranteed by the Aisociatioa. lMMiU RICHMOND, INDIANA "PANIC PROOF CITY" llaa a population of T3.000 and Is growtnj?. It la the county eat of Wayne County, and thetradlnjr center of a rich agricultural community. It la located duo east from Indianapolis 6!) miles and 4 miles from tho slate line. Richmond Is a city of homes and of Industry. Primarily a manufacturing city, it ! alao the Jobbing center of Eastern Indiana n.l enjoys the retail trade of the populous community for miles around. Richmond Is proud of U splendid streets, well kept yards, its cement sldewalas and beautiful shade trees. It has 3 national banks. 2 trust companies and 4 building associations .with combined resources of over $8,000,000. Number of factories 125; capital Invested $7,000,000. with an annual output of $27,000,000, and a pay roll of $3,700,000. Tho total pay roll for the city amounts to approximately $(5,300,000 annually. There are five railroad companies radiating in eight different directions from tha city. Incoming freight handled dally. 1,750.000 lbs.; outgoing freight handled dally. 750,000 lbs. Yard facll'.tles. per day 1.700 cars. Number of passanger trains dally. Si. Number of freight trains dally 77. The annual post office receipts amount to $80,000. Total assessed valuation of tha city, $15,000,000. Richmond has two Interurban railways. Three newspapers with a combined circulation of 12.000. Richmond Is the greatest hardware Jobbing center In the state, and only second In general Jobbing Interests. It has a piano factory producing a high grade planu every 15 minutes. It la the leader In tha manufacture of traction enprlnes. an-t produces more threBhlna; jnachfnes, lawn mowers, roller skates, grain drills and burial caskets than any other city In the world. The rlty'B area Is 2.M0 acres; has a court housa costlnur $500.000; 10 public schools and has the finest and most complete hlah school .in tho middle west under construction; 3 parochial schools; Earlham collesre and tho Indiana Business College; five splendid fire companies In flr.a hose houses; Glen Miller park, the largest and most beautlfu) park In Indiana, tha home of Richmond's annual rhautauqua; seven hotels; municipal electric light plant, under successful operation, and a private electric light plant, lnruring competition; the oldest public library in the state, except one. and the second largest. 40,000 volumes; pure, refreshing water, unsurpassed: 65 miles of Improved streets: 40 miles of sewers; 15 miles of cement curb and gutter combined; 40 miles of cement walks, and many miles of brick walks. Thirty churches. Including the Reld Memorial, built at a cost of $230,000; Reld Memorial Hospital, one of the most modern in tha state; Y. M. C. A. building, erected nt a cost of $100,000, one of the finest In the state. The amusement center of Eastern Indiana and Western Ohio. No city of the size of Richmond holds ns fine an annual art exhibit. The Richmond Fall Fentlval held each October is unique, no other city holds a similar affair. It Is given In ihe interest of the city and f'nanced by the business men. Success awaiting anyone with enterprise In tho Panic Proof City. Hems Gathered In From Far and Near Congress Hall. From the Philadelphia Ledger. Philadelphia has a double reason for gratification at the turn which events have taken in connection with the contemplated restoration of Congress Hall. The long neglect of this fine old colonial building, around which cluster so many memories of the days when this nation was in making, has been a source of regret and mortification. This source is soon to be removed, action to that end already having been taken by the city councils, and the mayor is to be congratulated upon placing the supervision of the work in hands so competent. The restoration Is to be carried out in accordance with carefully drawn plans based upon a painstaking study of the history of the building and the uses to which it was uit. When the restoration shall have been completed it is to be hoped that its care and maintenance will be intrusted tojhose who will appreciate the value of the city of the few remaining relics of the days that are past. Library Suggestion. From the Boston Transcript. The public library of every town, according to Joslah H. Benton, whose experience In library management gives him a right to speak, should contain a town scrapbook, in which every article, paragraph and item that appears in any newspaper in regard to

1810-1910 What 2o you know of the founders

Alog in February of the yeaer 1781, Irvin Hinton started out of the block house at Louisville, Kentucky, with two companions to the relief of some refugees of the Indians. Those two companions were Richard LaRue and George Holman. The LaRue boy was nineteen, the Holman boy sixteen. Just to show the stuff they were made of LaRue had been through four Indian wars. Intrepid and skillful skillful in savage warfare! . Those were pioneer days. Dut they had not gone far when they met with Simon Girty, the renegade, and thirteen Indians. Having discharged their guns and being unable to load them on account of the sticky snow they were captured. For long years they were held captive and returned after a thrilling escape, finding thai they had been given up for dead. LaRue. indeed, had had his property administered four acres in the heart of Louisville. Until lMfiT they lived in Woodford county, Kentucky. Then they moved to Wayne county. They were the first settlers. Richard LaRue died in 1845; Holman lived until 1S59.

The tombstones in Elkhorn cemetery help tell a story of the greatness of Wayne county. Hare the pioneer families of this community were buried. Unknown for the most part and nearly forgotten, what have we in 101 to thank them for what is our heritage? It is due to their enterprise that all this country was opened up in the face of danger.

This fall will be celebrated the centenary of Wayne county. The founders should not be unrecognized and without honor. And those who think "that a prosaic lies behind us would do well to read the adventures of Richard LaRue and George Holman aged nineteen and sixteen.

The latest advices seem to point to the Guggenheims and others who were mixed up in the Aalaska steal as having been at the bottom of another atrocious scandal down in Mexico. "Which one of the cabinet will fall this timeV", is the way the average American is likely to express it. As mere observers of the large game, we wonder just how long the people in this country are going to stand men in the senate unclean and glorying in it like Senator Guggenheim.

It's a mighty good sign when in the space of a few days nearly two hundred men join in the work of making Richmond a better town. There is no denying the fact that it is getting better either.

We congratulate the Commercial Club on securing Wallace Campbell of Anderson, to talk on industrial subjects. Mr. Anderson has long been identified with that work. Richmond has not the same problems as Anderson-the ediffeVence we like to think between a Panic Proof City and certain other sorts but Anderson is a pretty husky town.

that municipality should be carefully gathered. In that way a surprisingly good local history will gradually grow up. When the time comes for an actual written history, this material will be of great direct and suggestive value. He would have the librarian keep a scrapbook and either through an arrangement with a press clippings bureau or by personal attention to it see that very such allusions to the town finds its way into the reservoir. This Is a suggestion of very large merit. Those who adopt it will have occasion to congratulate themselves in the future upon their foresight, and they will make many inquiries and investigators of coming years their debtors. Goldwln Smith. From the Baltimore American. In the death of that ripe octogenarian of literature, Goldwin Smith, letters has lost one of its most vigorous and fruitful servants. Historian, lecturer, litterateur, a man of all-around knowledge possessing a great charm of literary style, Dr. Smith was honored by degrees from various centers of learning. Nothing he wrote lacked interest, and he seldom struck the wrong note. The author of half a hundred books and numerous magazine articles, he was the persistent and forceful exponent of the idea of mergence of Canada with the United States. Being an Englishman by birth and a Canadian by residence, Dr. Smith was an expert upon American conditions, and the United States possesses for him an unending interest. It would be difficult to name another literary worker of such prodigious output who at the same time represented such vitality and force of expression. His passing will awaken many tributes to his work and worth. Perverse. From the Baltimore Sun. The weather keeps on refusing to do a single thin:r the weather bureau tells it to. A Tired Reformer. From the Atchison Globe. We know so many things that should be done that we no longer hope (o see them accomplished during our lifetime. TWINKLES BY PHILANDER JOHNSON. Diplomacy. "Why do you let a prize fighter go on the stage of your theater?" "Because." replied the manager, "he's likely to be more orderly there than if he sits with the audience." How It Happened. "How did that Parisian dentist hap pen to hurt his antagonist so serious- J lyr "Same old story. Didn't know it was loaded." Among the Graduates. Lo, the rich Indian, with enlightened mind Goes forth, to peace and profit much inclined. And wears, where an admiring world may see. A silk hat where his feathers used to be. "Some men's idea of patience," said Uncle Eben, "is sittin down and waitin' foh somebody else to give de dinner bell an excuse foh ringinV Infant Industry, "You seem to think that horse racing should be protected like an infant industry." 'Well," replied the New York sport

of Wayne County?

'It is a kind of infant industry. It is like taking candy from a child." Joys of Scorching. "I suppose you will soon be giving up your motor and getting an airship." "Not at all," replied Mr. Chuggins. "There's no fun in going away up there and frightening a few eagles." The 1910 Summer Girl. The summer girl trips forth again To scan the skies of nineteen 'ten. The smile which once she gaily tossed Is like a sunbeam nipped by frost. Alas, the garb she brings to view Is not the sort called peek-a-boo! For, as she trips on hill or shore The gusty air, the breakers' roar. Bid her put by the gown of white, And filmy swirl of laces light. All muffled up in furs she goes, Except her noso, red like the rose. Oh, crops may fail and food be high, But 'tis of you that most we sigh, And wield in dirge a gloomy pen, Oh, summer girl of nineteen 'ten. A SECRETARY 10 A PRESIDENT IS A HARD JOB NOW (Continued from Page One) Roosevelt was governor, and his relations with the president were of the closest character. Loeb's newspaper experience proved most valuable to Roosevelt and during his term of office never a day went by that Loeb did not make good "reading" and "space" for the correspondents. Mr. Carpenter, who recently retired from the office of secretary to the president, is a dignified young gentleman and well liked by all who have come in contact with him. but he has not had a newspaper training, and, therefore does not understand the art of "tipping off a story to place the administration in the "limelight." The office of secretary to the president is one that, more than any other at the president's disposal, can help make or mar the success of the administration. Carpenter to Study. Fred W. Carpenter, after years of service as confidential secretary to President Taft is getting ready to "go to school." When he left the White House he went west to visit his mother In Minnesota. Shortly he will return here to prepare for his new post as United States minister to Morocco. He must undergo one month's preparation before the state department will send him to his new post. This school in which he will be the only pupil is Why Not? Give your Son or Daughter a nice Watch and Chain for a Commencement Gift We have already sold several fine outfits and would like to supply you with one. CHAS. H. HANER, The Jeweler. 810 Main Street.

that which all diplomatic officers attend for thirty days preceding their actual leaving for their foreign post of duty.

Minister Carpenter will be trained first of all in the policy of the present administration in handling the state department affairs. This policy is known as the "dollar policy" and is an effort on the part of Secretary Knox to have United States diplomats and consular officers hot on the trail of foreign business and foreign invest ments in the interest of United States business men and investors. An Intricate Problem. Then he will be instructed in natur alization, citizenship requiremeints, passports and last of all he will be well advised a3 to the attitude of the United States in the intricate problem that confronts the European na tions in Moraccan affairs. He will also be shown how to proceed to have criminals wanted in the courts of the United States extradited should they seek refuge in Morocco and then, fur nished with additional instructions as to diplomatic etiquette, will be bidden good luck and sent on his mission. The post of minister to Morocco pays $10'0 a year. This is $4,00 more than Mr. Carpenter received as secretary to the president, but as he will have to maintain comparatively an elaborate establishment in Morocco in keeping with his rank and dig nity of a United States representative the minister will actually not have as A remunerative an office as he had when guiding the personal affairs of the president As minister he pays all of the bills of his office and receives no expense account. Moody May Resign. It would be a great surprise should Associate Justice Moody of the supreme court of the United States resign. For more than a year he has been laid up with rheumatism, and the report is that he is not getting any better. As a rule members of the supreme court do not resign, but there is a precedent wnicn ivir. jusuce Moody could follow, if he desired. It is. that of David Davis of Illinois. President Lincoln appointed him a justice of the supreme court of the United States in October, 1S62. He served until March, 1877, when he resigned to take a seat in the senate as the successor to John A. Logan. Mr. Justice Moody might prove to be the dark horse in the senatorial contest now waxing warm in Massa chusetts, but his health, it is believed makes this impossible. Senator Lodge faces a serious outlook for re-election with Representative Butler Ames gaining every day. If Senator Lodge sees he cannot win he might throw his strength to Justice Moody. President Taft would likp to have the Standard Oil, Tobacco and corporation tax cases argued before the full court, but this seems impossible in view of the continued illness of Justice Moody, and hence the growing belief that he will resign from the frnch. in time to enable the president to appoint a successor to sit in th cases referred to. It is the desire of all the interests concerned that these big cases, involving such important questions, should be heard by a full court and this fact, so well known, may have an influence on the Massachusetts jurist. Choice. Selection In Cravanets Every man in buying his Ties likes to look over a big selection. My line of Ties are the very newest. It's clean, new stock no left overs from last season. If ycu want furnishings that are in keeping with correct style, you wont go wrong in coming here. LICHTENFELS -IN THE Murray Theater Building Accident Insurance . B. KNOLLENBERG Room 6, Knollenberg's Annex.

A BUSINESS REVIEW OF THE PAST WEEK BY HENRY CLEWS

(Palladium Special) New York, June 11. A decided change for the better has taken place in the financial situation since the dissolution of the government's injunction suit against the railroads. The prospects now are that the railroad bill introduced at Washington will be the first object of legislation, and a fair chance exists of this troublesome question being adjusted before the adjournment of congress, which is not far distant. The proposed measure is one of great Importance, inasmuch as it proposes to regulate the issue of securities, to ascertain physical valuation and to do many other things with the railroads; some of which are wise and some of which are highly vision ary. What the outcome will be it is impossible to forecast at this time; but an issue of great importance is. it Is hoped, about to be settled in a a way that will insure the rights of the public and conserve the rights of security holders. The railroads have agreed to postpone their advances, which should lessen political tension, but this still leaves them in some what uncertain position Unless there is to bt, a great increase in traffic it is a problem as to how the railroads are going to meet fast growing expenses without an advance in rates. Already many of the roads are showing serious impairment of net earn ings, notwithstanding liberal gains in gross; and unless some reasonable advances are permitted by forthcoming legislation, it is certain that the position of some of the railroads wilt become unenviably threatening. Perhaps the brightest development of the week was the government crop report; the advices as to spring wheat being better than expected. The indications now are for a total wheat crop of 702,000,000 bushels, against a harvest last year of 737,000,000 bushels. This suggests a shrinkage of about 25,000,000 bushels as a result of poorer conditions than a year ago.. An oats crop of 1,201,000,000 bushels is indicated, or about 13,000,000 bushels in excess of last year, while the outlook for barley is for a crop of 179,000,000 bushels or about 8,000,00 bushels in excess of last year. There is also a

Make Your Surplus Earn 6 With No Taxes Why Be Satisfied With 2 to 4 take Advantage of the Dodge Manufacturing Co.'s Preferred Stock Issue You Assume No Liability

SIX per cent dividends without an element of risk with no taxes to pay we are sure will appeal to all wide-awake Indianians. These are salient features of an immediate preferred stock issue by the Dodge Manufacturing Company, Mishawaka, Indiana, manufacturers of everything for the mechanical transmission of power. Your Income Non-Taxable

Whether you only have a

lars saved, or have tens of thousands at command, investment in shares in this issue will secure you an assured income. Upon your income there can be no taxes under the lazes of the State of Indiana. Nor can you incur any liability in the Company's affairs. This is guaranteed under the iron-bound terms of the stock contract filed with the Secretary of State of Indiana. Holders of the common stock assume all liability, pay all taxes. Holders of the preferred stock have no liability, pay no taxes yet draw 6 Jo dividends. No dividends, under the Contract, can be paid on common stock until the preferred stock dividends have been paid in full. Nor can any payment ever be made on common stock principal until the preferred stock has been fully liquidated. Payments of dividends on the preferred stock begin from the date of the certificates. They are semi-annual, payable January 1st and July 1st. The stock is not listed there is no element of speculation. There can be no risk. The Absolute Certainty Most men today will understand that the name of the Dodge Company guarantees the absolute certainty of the investment. The capital stock of the company is $1,000,000. The surplus and reserves total $1,167,852. The preferred stock issue authorized is $1 ,500,000. The shares are $100 each. Ten thousand shares, or $1,000,000 worth of stock, are now to be sold. Undoubtedly the issue will be far oversubscribed. This will mean that preferred shares will command a premium. The Dodge Growth The growth of this great industry makes one of the most interesting chapters of the nation's business history. From a cradle in an old frame mill 31 years ago, the Dodge Company has expanded to cover about nineteen acres of floor space today. It employs more than 1,200 operatives. The real estate and plant are worth nearly a million and a half dollars.

Central Trust Co., Indianapolis American Trust Co., Lebanon Grant Trust QL Savings Co., Marion People's Trust Co., Muncie Mutual Trust Q Deposit Co., New Albany

Central Will

probability of a big hay crop, although

no returns for this product have thus far been furnished. For cotton the outlook is about 13.000.000 bales or fully 3,000,000 more than last year. In all parts of the country there has been a larger acreage tilled and conditions are such as to induce farmers everywhere to raise the very largest product per acre possible. This means that the country will be favored with abund ance in quantity; and that farmers, though receiving lower prices than a year ago, will nevertheless obtain liberal net results. High prices for meats may continue for a period, since more time is required for increasing suppliies; but it is known that con sumption of meats has been materially checked and a very considerable in crease in the supply of hogs will occur this year which is already affecting the price of such products. The liquidation which has recently taken place in grain and cotton is beneficial in more ways than one. It will tend to lower the cost of living put an end to dangerous speculation and facilitate more normal conditions in our foreign trade. Already imports are declining and exports increasing as the result of lower prices; and the drift of our foreign trade which has so long been abnormal and unfavora-j ble is returning to the normal. Nor is there any likelihood of an early re turn to recent conditions. Europe also is being favored with large crops, which will tend to keep down food prices abroaod, and prevent injurious upward manipulation in American markets. One of the worst features for some time past has been the position of our foreign commerce; a situation which impressed Europe much more unfavorably than it did ourselves. For a long period European bankers viewed the tendencies here with uneasiness, and our credit abroad was undoubtedly impaired by our inability to pay for imports with merchandise rather than gold. The change in tendencies which is now taking place is fundamental and strengthening. As soon as Europe sees that we are in a position to retain our gold and ship produce instead our credit abroaod will rise and the effect must be beneficial Special Limited Offering

The company never has had an unprofitable year. Year by year the business has grown more profitable. Last year was the greatest year of all partly due to general adoption of ( the Dodge Line by mill and factory partly toj a national

educational advertising campaign. The demand for the Dodge Line is permanent. What the road-bed is to the railway, Dodge Transmission appliances are to the i. manufacturer. 1 4RM&.

few hundred dolThe company's

such that it can pay a 10 dividend on its capital stock after providing for interest on the preferred stock and making proper allowance for depreciation and for addition to the surplus account. tMfci 1 - The company'transacts more than $2,000,000 annual business. Undoubtedly factory enlargements will enable it to reach the three million dollar mark. The present preferred stock issue is another step in the growth, the increased prosperity of the business. Greater working capital and further extensions and improvements to the plant wili result. These are needed in meeting the overwhelming demand for the Dodge Line. Net Assets $2 for $1 This is a unique feature. According to the conditions of the stock contract, the net assets with Bills and Accounts Payable deducted shall always be in excess of double the amount of outstanding preferred stock. Net assets of two dollars tor one must be on hand at all times. We know of no more secure protection ever being given. And 'every dollar of assets is a LIVE dollar. No dead material. No useless machinery. All earning profits Even the Good Will of the Dodge Company is not included in the statement of assets. Yet the Good Will, according to the usual way of computation, according to accepted financial practice, is worth millions of dollars. We have so much faith in this investment that we have given it our public and unqualified approval. The people of Indiana have never had an opportunity excelling this. We want every Indianian of large or small means to investigate. Get the Complete Facts

A cscpfcto state-eat baa beea prepare!, tcBia all the fsrfs abeat this usae. It gives the tatrwtMg kistery ef tha Deege Cesspaay. Yoa are sWwa haw tk average aaaaal iarias at the Dodge Cesspaay $244,eOS -.are tows the assart resjsvei to pj AvieWs aa the preferred stock. We vie yo te get this ttatesatst. Ts see b, f tbs $2,500,000 f prof esnei fcy t"U tamfmrnf, twe uliw aaflars twt been pwt fcac in taa pUat mi laiiam Write as, or call today far the Cesspiets Stat tint f FaaSa,

APPROVED AND RECOMMENDED WHO IN ADDITION TO

Trust Co., Indianapolis give further particulars and receive subscriotiona.

to ourselves. Should we- require gold

next autumn, as is probable, we will have no difficulty in drawing the same. The great European banks have all been accumulating a supply of the pre cious metal and indications are that we will be able to build up our gold reserve during the coming fall and wintetr. Throw a irav sins mod trronr rthrHr- which are violent in actios, and always have on hand Dr. Caldwell's Syrup rVpin, the guaranteed core tor coattipatiea and all fllitstm arising Works Buy your supply of Fire Works for the 4th of July. A complete line in every way. Toys, hammocks, croquet sets, express wagons, Indian Play Suits. The Geo. Brefam Go. 517llxiaSl. present earning power is BY

Wainright Trust Co., Noblesville Peru Trust Co Peru Citizen's Loan, Trust 4L Sav. Cou, South Bend Mishawaka Trust 4L Savings Co.. Mishawaka Tri-Stste Loan 41 Trust Co., Fort Wayne