10 -ttt-r MdHKlKft OSE&OMAft- SATURDAY. MAY 19, 1900. THE LIFE STORY (Copyright, 1900. by THE OREGONIAVS HOMESTUDY CIRCLfr BIOGRAPHICAL STUDIES FOR GIRLS XIV-JEXXY JOIXD-GOLUSCHMIDT. BT CHARLOTTE BREWSTER JORDAN. (1S21-1SS7.) "Through Jenny Llnd I first became sensible of tho holiness of art. Through her I learned that one must forget one's self In the service of the Supreme. No books, no men, have had a more ennobling Influence upon me. as a poet, than Jenny Llnd." -Hans Christian Andersen. Great musicians, singers and players labor under heavier disadvantages In con vincing posterity of their right to fame than do the other children of genius; the portable nature of their profession, lt unrecordabillty except In the memories of their hearers, make succeeding genera tions inclined to attribute their reputa tion to the extravagance or to the suscep tibility of their contemporaries. Jenny Llnd -would have shared this general fate were it not that her remarkable person ality made such an Indelible Impression upon the people of all classes In Europe and America upon the tone-deaf, like Dean Stanley, as well as upon musicians like Meyerbeer that these Impressions have been recorded In the memoirs of every noteworthy person who knew her, from Victoria, Mendelssohn, Sontag, Schumann, Andersen, Thorwaldsen, G. "W. Curtis, down to P. T. Barnum. As a child of 3 she imitated upon the piano the fanfare of the street buglers; and through her girlhood the superabund ance of music In her found expression in every step and bound that her restless feet made. Until 9 years old she had no more appreciative audience than her blue ribboned cat, to which she sang by the hour till the wonder of her childish voice attracted the attention of an actress boarding In the neighborhood. Jeny land's mother, a governess embittered by her hard struggles to support husband and children, was with difficulty persuaded by this actress to subordinate her burgher prejudices to the future of the child and consent to having the little girl's voice tested at the Royal Theater. Jenny Llnd describes herself at that time as "a small, ugly, broad-nosed, shy. gauche, under grown girl"; yet the rare promise In her vdlce cast her awkwardness so entirely in the background that the head of the theater agreed to take the 9-year-old child and educate her at the government ex pense for the next 10 years. Tho "actress-pupil Llnd" found this the atrical training always Incalculable to her. Her position, however, was by no means a sinecure, and her efforts to make resti tution for the drill and expense bestowed upon her would have broken down a less rugged constitution. At 10 she played the part of Angela In "The Polish Mine": at 13 she appeared In 22 performances; bu. not until she was 17, after having ap peared on the stage 111 times for her board and clothes, did the directors decide to allow her a small salary for her services. That year she played 92 times In 12 new characters, chiefly among which was Agatha In Weber's "Der Frelschutz." In this she practically made her debut, and awoke to the knowledge of the great dramatic gift which God had Intrusted to her. This date, March 7, she celebrated each year thereafter as a second birth day. In a somewhat different wording than that employed by Byron she ex pressed the same Idea of a famous awak ing: "I got up that morning one creat ure; I went to bd another creat ure. I had found my power." Scon af terward she was made a member of the Royal Swedish Academy of Music, and received the appointment of court singer. Within a few years she earned enough money from provincial tours to enable her to go to Paris for the study of tech nique. Her career thenceforth was a wonder ful exposition of Disraeli's theory that patience is the necessary ingredient of genius. Once before, as a child of 14, her voice threatened for some time to leave her, and had she not patiently striven at these critical times to recover It it is probable that her genius might quickly have degenerated Into mediocrity. Her voice was not naturally flexible, yet by means of her inexhaustible perseverance she became enahltd so skillfully to blend the various registers that the most crit ical ear failed to discover their "points of Junction." By practice, too, she at tained the power of rapid execution, not as natural to her as the richer sustain ing power of her notes. She would prac tice alone for hours on the correct enun ciation of some words difficult to pro nounce on a high note without the grim acing she detested; and by practice she also learned to reflll her lungs with such dexterity that the renewal of her breath was Impossible of detection. She took tho greatest care of her voice, never dancing or drinking wine, tea or r-oflee. Her conscientiousness was due to her feeling each morning that her voice was a gift from God, and that perhaps that very day might be the last cf Its use. After having mastered the details of technique so that ehe might give her dramatic and spiritual nature full play unhampered by the mechanics of art. Jenny Llnd returned to Stockholm. Here uhe astounded even her most enthusiastic friends by her enormous development In elng.ng, a development which made her voice unique in the world. Her progress In music thenceforth was a series of triumphal ovations in Berlin, Finland. Copenhagen, Leipzig, Munich, Vi enna, London and America the Joy of each nationality In being awakened musi callv to consciousness of itself finding express'on In many curious and character istic ways. Students serenaded her In Copenhagen and Berlin, the art lovers of Vhnna fashioned silver wreaths for her, and the crowned heads of Europe present ed her with gifts estimated to be worth $300 000. The names of "the Swedish Night ingale" and "the divine Jenny" were pop ular efforts to express appreciation of the b rdllke. God-given qualities of her voice. Her course through Europe could easily be traced by the chain of charities which she left In her wake. These charities consisted not only In gratuitous concerts. In singing in private to the sick or needy. In surprising homesick Hans- Christian Andersen with a Chr.stmas tree on Syl vester evening, but In gl Ing wherever e he tarried thousands of dollars to the poor and needy giving It gleefully, like a child. The only allusion she was ever known to make to her wonderful talent waa In Copenhagen, after singing for a Home for the Prevention of Cruelty to Children. "When she heard the unusually large amount which her concert had raised her eyes filled with tears, and 6he said to Hans Christian Andersen: "Isn't It beautiful that I can s'.ng so!" Despite the undoubted success of her operatic career, she longed constantly for a homely life o much ao that she de cided to abandon the stage in 1S49. Just 11 years from that memorable March 7. the birthday of her genius. This decision she never regretted. She sung thereafter in concert, or poured out her soul In ora torio. Mendelssohn, whD considered her the greatest artist he had known, wrote the "Elijah" for the peculiar beauty of her vo!c and In that she was at her best, for she said It lifted her up into another world. Her retirement from the stage did not ppring from a purltanlcl aversion to It. She did not think It immoral, or she would not have gone to see others act nor would she have founded a school for the edu cation of stage aspirants. It was simply because, having passed unspotted through the evils of stage environment, she fe'.t worn by the artificialities and difficulties of her progress and longed for the home lines? of home. .In Eas'and he was greatly beloved and OF JENNY LIND Seymour Eaton.) DIRECTED BY PROF. SEYM OUR EATON morousmy reciprocated tain appreciation, so much so that soon after her marriage she made that country her home. Jenny Llnd's American tout Under the management of P. T. flarnum was an tin caulvocal uerp. Alth-men lindprtnklns I this -venture with some trepidation, Jenny j-:na leit that she did not dare to miss such a golden opportunity of doing good. She writes thus to a friend: "I have for long had the most eager wish to earn, somewhere, a great deal cf money, so as to endow a school for poor lost chlidrrn In my own country, and the Invitation to America came as a direct answer: so VSS u i J CnJ Qden,CV, ? I PORTLAND, May l&-To the Edltor.) pray God in heaven out of a full heart 1 e f0l0wmg is a copy of the circular let that he will guide me thither as ever ter Just prepared by the Six o'Clock Cldis before with hs gentle hand and wilf lng Assoclat-on for general distribution, graciously forgive me in my sins and my If you wm yslndly g!Ve lt Bpice in col. infirmities. I shall have much to encoun- . ,,-,- nt Th n-nni ... t-iii --f- ter; It Is a very arduous undertaking. But since I have no less an aim before me than to help In widening God's kingdom the littlenesses of life vanish in face of this." As a proof of this sincerity of sp'rlt she sent for the Mayor of New York the night of her first concert In America and divided the proceeds, nearly lOOOO, accord" lng to his advice among the charities ol JENXY the city. This precedent she followed throughout her trip, giving tne entire amount received from her Amer can tour, more than 40 000, among charities. This tour brought her a great sorrow and a great joy. Her mother's death sad dened Jenny Llnd's visit to America. While in Boston the prima donna, then In her 31st year, was married to Otto Gold schmldt, an accomplshed oung musi cian, who had accompanied her at several of her concerts. The marriage proved a most happy one, and upon their return they founded a home In England. Here Mme. Goldsehm'dtied ib husiMi. hann eit kind of a life, for she said she had found "all that her heart ever wanted or loved." Before settling In England, the young wife sang to delighted audiences in Holland, Austria, Ireland and Germany. She sang thereafter only on special occasions, gen- crally for charity, sometimes in oratorio. sometimes zn tne opera of Kuth. com posed by her husband, and sometimes In concert with Mme. Schumann or alone. To the last she. retained the fire and chirm of that resistless voice, which was a combination of the special qualities of several prima donnas One surprising fea ture to her audiences was her ablLty, upon attaining an unusually high note (to reach which her hearers, through the habit of mind Induced by listening to other great singers, would suppose her to have expended all her strength) to carol away with the ease, the Insoucance of a bird. She possessed, too, an or glnal, wonderful reservo power In her vole, which enabled her carefully to avoid any temptation to mere stage vocallsm and with a line reticence to hold her power well In hand until she reached the well- planned climax, which Invariably swept i her audience out of Itself Into the en chanted realm where she reigned supreme. 1 Berfdes her originality she had a dra- I matic force, based upon the study of the art of Rachel, which would have won her distinction, even If she had not been a prima donna. To these gifts she added fire, sympathy, an intellectual grasp of her subject and sincerity a combination of the gifts of several artistic tempera ments. And yet, so all her contemporaries de clare, tho magic of her voice was as nothing to the personality of the woman. So keen was her Intellectual grasp of the topics, the problems of the day, so noble yet so kindly withal was her conception of life and Its duties, that thoso who were uplifted by the charm of her voice de clared, like the mother of Dean Stanley, that they "would rather hear Jenny talk than sing." Back of all charm lay the goodness of the woman a simple-hearted goodness which leveled all class distinc tions, which converted the skeptic and strengthened the believing the perfect flowing of a deeply practical, religious na ture upon which had been grafted the marvelous gift of music Because Chris tianity was the master spring of her life her message was optimstic, and there fore helpful. She said that she was c'ad from morning till night, as who would ! not "be. Intrusted with the guardianship of so great a gift. Surrounded by her happy children and grandchildren, she died as beautifully as she had lived. Stretching out her hands to the sunlight coming in through the shutters which her daughter had Just oponed, there burst from her lips tho first notes of her favorite "An den Son- nenscheln," and so singing, there passed into the eternal sunshine Jenny Llnd. .one of the most helpful geniuses that" the i. i ,. lUC world has ever known. HOW TO KILL ANTS. Several Methods of Destroying the Little Pests. BUENA VISTA, Or.. May 15. (To the Editor.) I would like to ask a fair ques tion. Can you tell me some remedy to destroy ants? STJBSCRIBER. The question is rather Indefinite, as there are many kinds of ants and a great many ways of destroying them. It Is, however. taken for granted that It refers to the little black or red ants which sometimes find their way Into houses, and become a great nuisance. Sprinkling powdered borate which can be procured at any drug store, .over slaces tterested by black or red ants, will cause tinsa rte disappear. As ants are .fond jqt ugar j?r .Svsney. If I either of these are placed in a sponge afid put where the anls are they will swarm !lh after tha stlgar cr honey, and they can then be killed by dropping the sponge In hot water. It is mla that leaves of green wormwood scattered In places frequented by Black ants will drive" them away. (IrfeiRP A rtlnttt -wlfri lavA finil tHo nntJ i tUI mVLeet on iu y be dei j . , n i 1S i t,t .. & by putting the plate In hot water. If " ncst ? faund- our h6t "svdt6r ' Iht0 it- Probably the most convenient ! wav of trettinir Hrl of nntfc is bv seatter- ' ing powdered borax Id their haunts, as ' above mentioned. J , ' APPEAL TO THE PUBLIC. I Six o'CIocIc Closing: Association fine- Clrcalar. la a xavor. G. HEWITT, Secretary. I To tho Retail Purchasers of Portland: I If it's after 6 P, M. when you go Into a etore to trade, please remember that in our "retail world" there Is no "change of crews," and that the clerks who serve you at & or 9 or 10 P. M. are the ones Who wero there to serve you during the LIXD. same hours of the morning, and have been there all day. They would go home when other laborers do If the great public did not reward their employers for keeping them many hours longer. We do not believe that It is necessary for the retail buslnero of our city to ex tend beyond a reasonable number of hours any day, and If you w11 agree to make your purchases before 6 P. M. the stores will close at that time, and eevcral thousand of our cltizcne, both employers and employes, will have an opportunity to pass the evening with their families or in fresh-air recreation. This will not Inconvenience you only to the extent of remembering that you ought to provide yourself with your wants before the day closco. If you are a. worklngman or w-orklngwoman you can appreciate the J position of these, your servants and co- worers. in tneir enoru fcaturoay is your 'short day"; why should lt be the retail clerks' longest one? Can you not adjust your convenience to conform with the "well-rounded-out" day of the clerk, who worko faithfully until 6 o'clock? We know it is only a matter of adjustment, for It has been demonstrated In the prin cipal cities of our Nation. Supposing you try It. No matter where you trade. All we ask Is your moral support, and that you do your buying be fore u P. M. Yours sincerely, THE SIX O'CLOCK CLOSING ASSOCIA TION. DAILY CITY STATISTICS. Real Estate Transfers. Esther O. Colton to M. J. Hally, lot 3. block 123. West Inington. May 18..$ 723 A. G. Ryan to Esther O. Colton. same 1 Sheriff, for S. M. Beard, to W. L. Kauffman. undivided H of lots 2, B and 3. block T, Tabor Heights, April 25 5 W. E. Bramhall to Albert Stone, 20 acres, section 3, T. 1 S.. R. 3 E May IS 2700 United States patent to K. Painter, N. v of SW. and lots 3 and 4, section 25. T. 1 N R. 4 B., Septem ber 15, 1S93 Delia Earl and T. C. Earl to Lura B. Beckner. lot S. block 14. Mount Ta bor Villa, May IS 500 Sheriff, for Agnes Reld et al.. to Anna E. Keene. lots 2. 4, 6, 8. 10. 12, 14. block 14. South Portland. Sep tember 30. 1S96 543 Caroline Fischer to Ida Haehlen and Hermlna Haehlen, W. Vt of lots 7 and S, block 54. Caruthers Addition to Caruthers Addition: also, lots 6 and 7. block 1. Peninsular Addition, and lots In East Acosta, Wash.. May 17 6000 Hannah C. Shaver and Matthias Sha--ver to Benjamin E. Shaver, lots 9 and 10. block 112, Norwood, Febru ary 24. 1SS9 2S1 Samuel H. Shaver et ux. to Benjamin E. Shaver, lot 10. block 107. Nor wood, February 27, 1S9D 129 T. M. Richardson to Thomas Mann, E. 63 feet of lot 8. block 16, with three-story brick building. Washing ton street, near Second, May 17 1 Marriage Licenses. J. H. Palmer, aged 33, Laura M. Patl- son. aged .31; Frank Leslie, 22, Grace Coonse. 18. Death. May 17 Sherman Burnslde, aged 71 years 5 months. Sell wood; old age. "The Thin Red Line." PORTLAND, May 18. (To the Editor.) Will you please tell me the date and i Place "K'nere the battle took place that , nltu-i. "Tho Thin T. Tin." ... tho picture -xne xnin aea Line repre- sents? SUBSCRIBER. Tho expression, "The thin red line," oc curs In King Lake'e "History of the War In the Crimea." It Is part of the fine- de scription of the repulse of the Russians at Balaklava by Sir Colin Campbell's High land Brigade. Con-alt sl Latvrer. PORTLAND. May IS. (To the Editor.) Please answer following question In your valuable paper: A single woman rents a room for a stipulated price, she works every day for 51 50 per day, refuses to pay her Tent for a month; says she will move If she gets ten days notice. Is there no way to get the moneyr Can I hold her furniture, etc.? G. A. C. P. To regulate the stomach, lrver and bow els, and promote digestion, take one of Carter'a Little Liver Pills every night Try them. NEXr PHASE OF TRUSTS IIEORGAX1ZATIOX KECESSAR.V IT WAS WITH RAILROADS. AS Xd Trust Can. Stand That Is Net Conservatively Capitalized aild Honestly Managed. Ten of 15 years ago the stock market knew little of "Industrials A few en terprises, such as the Standard Oil Trust, the Chicago Stack Yards, Cotton Oil, etc, were familiar to the "otreet," but that was alL In 1SS7 the sugar trust was or ganized; and a few other "trusts," such as the National Cordage Company, the General Electric Company, and the like, sprang Into existence at that time. Down to the panic of 1S33, however, the "in dustrials" in Wall street were not really numerous, though some of them (sugar, for instance), were heavily traded in there. Since the collapse of the railroad situation In the early part of the last decade, the "Industrials" have come rap- Idly to the front. A movement has been started to eliminate competition la every line of business by means Of huge cOn solldatlona. Th's movement Originated from without, rather than from within. That Is to say, the consolidations were not primarily the work bf the people who had been conducting the various indus tries In the past, but are to be traced for the most part to promoters. These pro moters ate a claoi of men who make lt their business to look around and see where they can buy up ail Industry, re capitalize lt and sell lt to the public at a great advance in price, They go to the leaders In a certain line of business and make them an offer for their plants, gen erally at figures which it Is not in human nature to refuse, the end being a trust In that particular line. Sometimes the promotion of the trust proceeds from within; but as a rule, we take it, the work has its Initiative with outsiders. Tho trust movement has attained such proportlbnfl in the last two years that lt has practically transformed our indus tr'al situation. Almost every line of busi ness has been revolutionized. In each line a few great corporations have taken the place of the countless number of moderate-sized or small concerns previously existing. The significant feature of the movement Is not so much the consolida tion Itself, but the manner In which lt has been performed. It is commonly as serted that large corporations are the order of the day, the result of evolution; and perhaps this Is true. What excites our wonder Is, not that in every line of industry the tendency has been to gather the business Into a few hands, but that In so doing such an exorbitant price should have been paid for the privilege. As yet, trust securities have failed to command the confidence of investors. They play a leading part, -from time to time, in the speculative transactions In Wall street, but are hardly looked upon in any other light than as "gam bles." This is certainly true as regardo tho common stocks of the trust?, and lt Is largely true of the preferred stocks. Wo have compiled the following list, show ing recent quotations and tne present dividend rate on a number of preferred shares: , , ,. Ttecent DIvld. quotation, rate. American Car & Foundry S J American Chicle JS American Ice -" i? 2 American Linseed Oil j i American Smelting American Steel & Wire 77 American Steel Hoop H American Tin Plate 78 l American Woolen Continental Tobacco 8W Electric Vehicle JJ S Empire Steel CO G Federal Steel KM 6 International Paper fa 6 International Pump ta4 6 National Salt i I National Steel S9 National Tube SO' Otis Elevator So Pressed Steel Car $2 7 Republic Iron & Steel 56 7 Royal Baking Powder SQ 6 Rubber Goods 75 7 "Union Bag & Paper 62 i "United States Leather ttk 6 "United States Rubber 93V4 8 This list Includes the names of some of the best known of the Industrial trusts. We have here the preferred shares of 26 trusts (the list might easily have been made longer). paying dividends ranging from 6 to 8 per cent per annum, and everyone selling be low par. Speaking roughly, a 6 per cent stock ranges from about 60 to 75, a 7 per cent stock from about 0 up to a few points this side of par. There are trust preferred stocks which sell above par (some considerably above that level), but they are tho exception. The rule Is for such securities to cell at a very handsome discount. Thla Is especially noteworthy when contrasted with the low returns netted on railroad securi ties, mortgages, mercantile loans, etc, Obviously this low level of quotations, n trust preferred shares can Indicate but one thing, namely, deepseated dis trust of the "Industrial combines," as a class. This distrust springs not so much from a feeling that industrial enterprises inherently lacK tne element 01 siammy, uai into every line of trade, and the con as from other causes. Among these may sequence, was that commodity prices fell be mentioned overcapitalization. Improper! and profits shrank almost, and In many accounting, stock market gambling by cases quite, out of sight. The purpose trust officials in the securities of their ! of the trust wae ostensibly to remedy this own companies, deliberate villainy on situation. In each line of business a huge the part of the said officials In their ef-l corporation was formed to buy up the forts to manipulate the stock market, competing plants. The movement was etc Each one of these shortcomings j thoroughly artificial and uneconomic, has been exhibited frequently enough j Plants whose earning capacity had been In connection with the trusts in the j reduced to a minimum were bought at ex past to make the Investing public view aggerated figures (frequently at several "industrials" as a class with consider-1 times their real value), and the new con able suspicion. There are a good manyj solldated company wae capitalized at an targe industrial enterprises quote- in tne stock market that possess the entire con - fidence of Investors; but these are not. on the whole, "industrial combines," but merely single business projects which by conservative management have been ex tended to large proportions. The so-called trusts, a3 a class, are viewed with sus picion, and lt Is pertinent to ask if they will always be viewed In that light. The presumption Is that the bulk of the trusts will eventually have to undergo reorganization. Their experience will most likely resemble that or tho railroads of the country some years ago. Prior, say, to 1ES9. lt would have been hard to convince the average person that In a few years the larger part of the railroad mileage of the United States would pass Into the control of the courts. Special students of tho situation at that time could see that a catastrophe was Impend ing, Just as special students of the situa tion today are convinced that an era of receiversnips ana reorganizations is in store for the Industrial trusts. The aver age man has probably no clear conception of any widespread disaster to the trusts; he Is merely troubled by the vague fear that particular "combines" In which he has been asked to take an Interest may not be all that Is represented. It Is on'.y the trained economic mind that fereseos the Inevitable outcome of the present slt- "THE QUEEN Jmou Bottled at and imported from the Apollinaris Spring, Rhenish Prussia, charged only with its own natural gas. Annual Sales; 25,720,000 Bottles, Rill VYMl O a . Ksffl II Evidence m fflS3wl I 111 ol the most remafk&feli fcattirt. from tfce &4i fcfltrrwn JrKSTi-li PI1& it Bts3V It PSSsfii II HPSsfSa llil &SSsSz III ; .Ml Mill u 3lKtSMB hi ol the most rematkabt- fcatun, from the bat fcncr?n pespfe, attests the JxrW-r oi Df. iliaasr Pik Pills lor Pals People No cufferer cart reai it -without feeling hopeful, ES15SiJ - fill . 1 ; TL. . -. --7. T.!TiBLSmi.-J no s-xpuc con read it vaihout beta; convinced. Every disease ol the blood and nerves Is repre sented from x common rash to scrofula f rem neuralgia to nervous ache to rheumatism ness td partial paralyse. Lives are saved WDr.Villi-xtvPiokPiLtsforPalePeopt; wKKhmmt " I suffered for five orsls ycar9 with tho trouble that comes to wamon at the change ofl.fs. I was ranch Weakened, wad unable much of tho time to hHmves I I la vl do m J" own work,'and suffered beyond my power to describe, I was downhearted and melancholy. '1 too-: many different medicines, but nothing seemed to do md any good. 1 read about Dr. Wllliama Pink PllU for Pala People, and eomo of my friends recommended them highly. I made up my mind to try them. I bought tho first box In ilarch, 1S0T, and was benefited from tho start. "A box and a half cured mo completely, nrd I ana SOW rugged and strong. 1 havo cot been bothered with my troubles slnco I began taking tho pills. I havo recommended them to many women who nre EUfierlng as I suffered. They aro the only thing that helped mo in the trial that comes to so many tv omen at my age." Mas. J. H. Weat-tj. Subscribed and sworn to before me this 23d day of October. A. D., 1S37. O. C. Hicks, Notary Public. will Ilia l-eL uation, namely, a collapse of .practically the whole trust structure. A curious parallel exists between the. come to stay, that It will be the feature causes which produced the collapse of the of our future industrial methods. We shall railroad system and those which may bo ' not dispute this, but the large corpora depended upon to wreck the "industrial" tion of the future, like the small corpora combines. The railroad situation was t tion of the past, cannot hope to succeed characterized by overconstruction. More t unless, lt Is conservatively capitalized and roads were built than were Immediately honestly managed. needed. This evil has Its source In Wall ' . street. Railroads were built not, prl- uuimy, uccause any particular section nan j experienced a crying" need of transport a- tion laciutics, out because capitalists saw large speculative profits In disposing of railroad securities. The securities were sold, the roads were built, and It then re mained to be seen If the country could afford the roads a living. As large blocks of securities were sold after the roads were actually constructed, it was neces sary to make the books show a profit until these securities could be disposed of. The time came when artificial conditions would no longer operate. New securities could no longer be sold. It was not pos sible to continue the deceptions in rail road bookkeeping forever, and when the money market became stringent the loads b&gan to go into the hands of recalvers with astounding rapidity. The overconstruction of the railroads finds a counterpart in the overcompatltlon of the present industrial situation. And the overcompetition today Is based prl- marlly on stock-market considerations. I Tho Industrial trusts owe their origin, in the first place, to the desire on the part j of promoters to take large speculative I profits from floating new Industries. Trusts are formed ostensibly to reduce compe tion. but it Is apparent that their nat ural consequence Is to faster competition. Probably the promoters care little for the remote consequences of the trusts. Their aim is to get an Immediate profit, and then leave the trusts to their fate. The railroad syndicates were quite successful In floating their securities against new roads, but the trust promoters seem likely to be less forturate They have started their trusts; they have given out the kind of Information regarding the operations of the companies most necessary to put the price of the securities to a high figure, and now the time Is arriving when arti ficial conditions will no longer govern the situation. It remains to ba seen If eco nomic condltfons will afford the trusts, as at present constituted, a living. We do not believe they will. The real philosophy of the trust move ment Is not clearly understood. The very appearance of the movement Indicated something wrong with the Industrial sit uation. Briefly stated, the situation has become reduced to one of over-production. The trusts were started not because the big corporation per se was a necestrty. Tho trouble wae, there were too many competing plants In every line of indus try: so many. In fact, that the profit had been largely eliminated from trade. Large profits In the past had made the variou3 Industrial concerns careless about the fu- ture. Money that wae easily earned was thoughtlessly distributed, with little re gard for charges to depreclat'on. The large dividends operated to brlns: new can- , amount greauy in excess 01 tne aggregate , sum paid for the acquired plants. In short. Instead of pureulng the economic policy of writing down tho valuation of properties whose earning power had shrunk, the trusts pursued exactly the op posite course. The ludicrous character of the trust movement Is too plain to be Ignored. The most exaggerated operatic burlesque was never more aosurd than the methods of finance employed by the trust promoters. One or two boom years have embold ened the trusts to raise the claim that their earnings will alwaya be sufficient to enable them to pay large dividends on their preferred shares, and In all proba bility good returns of their common stock also. That Is exactly the way the rail road managers viewed the situation In the '03. Trusts beget truste. The prosperity of the last year or two has created I mania for starting new industrial plants. and even If no financial depression should occur, these new plants will In time reduce every industry to the old basis of over competition. Commodity prices will event ually fall lower than they have ever been before. When the decline In general prices has been In process some time the trusts will find themselves In the same position that the railroads were in around 1S93. Reorganizations will occur on a most ex- man OF TABLE WATERS." prcstrctionj from bone J from crdlaary -weak tensive scale. Involving a tremendous scaling of capitalizations. It Is commonly nxeprttHl thnt thft laree eornoratlon has ItisIncoatrovertiMe! ; The Editor of the Christian Million under the headinsr of General Note, on: i August so, 1896, wrote: ' A ccod article will stand uoon its own 1 merits, and we may rely upon It that nothing win continue lone wnicn does not, in a more or less degree. Harmonize with the state ments wnicn are pucusnea concerning it." Mr. Hall Caine, Author of "The Deemster." "The Manx- man." "The Christian." etc.. when snealc 1 mg on "Criticism," recently, said : When a thing that Is advertised grettly ' Is rood itsroes and goes permanently: when ' it is bad. It only goes far a while : the public ' unos it out." the Proprietor of 9Q. S PSLLS has said over and over again : " It Is a fallacy to imarlne that anvthlnsr , win sen just Decause it is -overused, now i , many nostrums have been started with glare i , ana snuuea out in giooa e 1 ne met is, a , man is not easily truuea a second time: and , every dissatisfied purchaser does ten tlm-s more narm man one sausucj aces geaa. , Assuredly the sale of more than 6,000,000 , boxes of BEECHAM'S PILLS per annum, , after a public trial of naii-a-century, is con clusive testimony of their popularity, su periority ana proverouu wonn. Beechara's Pills hare for many years been the popular laraur memctne wnererer me tnguia language n spelt ei, and tcey do stand without a nral. In boxes, so cens and ss cen U eacn, at an oru; stores. 5 J EAUTY IS, NEVER without a thick, luxuriant head of soft, glossy hair, which is in. truth. "woman's crowd ing glory." Tho faithful use of Newbro'a Eerpi cido never falls to produce hair of this character, for, by destroying tho deadly gcrma that feed upon tho oilof thohairroot, it makes dan druff, falling hair and all scalp dis eases impossible. It then promotes a now and thlclc erowth torcnlaco fin! r r " ft? - the old thin and i Dnrao ncir. One botUo will Ter Ifjtfacso atntm?nt. ForSflleotail First Class Drug Stores. I 2omt Fool tzriffo & F&n It's a useless exertion. There's moro concentrated coolness and refreshing comfort in one glas3 of eer than a family of fans M can lurmsn. AVrito for list of pre- &Li xItma oilcrod ireo ' Jt tor labels. Qsrin r HIrM Co. XalTcra, Fs. $r-j ! "S a a? 3r 3w-i 2i SSS?23 IS ci Ss & ra w PfilMARY, SECONDARY OS TERTIARY BLOOD P01S01 Permanently Cured, Tou can be treated at boms under same guaranty. II jou bare taken mer cury. Iodide potash, and still have acnes and pains. Mucus Patches In Mouth. Sore Throat. Pimple. Copper-Colored Spots. Ulcers oa any part of the body. Hair or Eyebrows falling out. write COOK REMEDY CO. I5J3 Masonic Temple. Chicago. 111. for proofs oJ cures. Capital. WOO.uOO. We solicit the most ob stinate cases. We have cured tho worst cases in 15 to 35 days. lOO-page Book Free. SJTherapsan's Ej? Water IfPIl ints&MmWm illsll8!!l Wmm TtsfHsSSSa INI pi THE PALATIAL EGONiAN BUILDING ?fof a. dark office In the lmiltllasr bolotely fire-proofs electric Ilprlitm and arteilnn vrnter: perfect sanita tion anil thorooRh cntllntiou. Kle vatora rnu day and nlulit. Rooms A1.DR1CH. S. "W.. General Contractor Clff AN'DERSOX. GUSTAV. Attomey-at-Law...61T-ASSOCIATED PRESS: E. L. PowelL Msr-80 ATJSTEJC, F. C, Manager for Oregon and Washington Bankers' Lite Apeoclatlon. of Dcs Moines, la 502-303 BAXKERS LIFE ASSOCI VTIOK. OF DES MOEs'ES, IA.;F. C. Austen. Manager..C02-503 BEALS. EDWARD A.. Forecast Official U. S. Weather Bureau 010 BEXJAMIX. R W.. Dentist 3H BIN'SWANGER. DR. O. S.. Phys. & 3ur.-10-411 BROOKE. DR. J. M. Pbjs. 4 Sure 70S-709- BROWN. MTRA. M. D 313-314 BRUERE. DR. G. E.. Physician 412-113-414 BUSTEED. RICHARD. Agent WKson . Mc- Calla Tobacco Co 602-603 CAUIUN. G. E.. District Agent Travelers' Insurance Co. 71S CARDWELL. DR. J. R 50 CARROLL. W. T.. Special Agent Mutual Reserve Fund L'fe Ass'n 60 COLUMBL TELEPHONE COMFANT CO4-C05-CI 6-ro"-613-CU-C15 CORNELIUS. C. W.. Phy-. and Surgeon.... 20C COVER. F. C. Cashier Equitable Life.. 203. COLLIER. P. F.. Publisher; S. P. McGuIre. Manager 415-41QS "XAY. J. C. &. I. X 31S DAVI3. NAPOLEON. President Columbia Telephone Co ..601 DICKSON. PR. J. F.. Physician 71S-714. DRAKE. DR H. B. Phvalclan 512-513-31. DWYER. JOE. F.. Tobaccos -oai EDITORIAL RCOMS Eighth floor EQUITABLE LIFEASSURANCE SOCIETT: L. Samuel. Mamger: T. C. Cover. Cashler.SOav EVENING TELEGRAM 325 Aider erecu FENTQX. J. D .Physician and Surgeon. 500-510 FENTON. DR. HICKS C Eye and Ear.... 5IL FENTON. MATTHEW F.. Dentist 5C3' FIDELITY MUTUAL LIFE ASSOCIATION: E. C Stark. Manaffar 6011 GALVAXI. W. H.. Engineer and Draugnts- man , &' GAVIX, A.. President Oregon Camera Club. 214-213-21G-217' GEARY. DR. EDWARD P.. Phslclan and Surgeon . 212-::3 'GIESY, A- J.. Physician and Surgeon... 7C9-71U GODDARD. E. C. & CO.. Footwear Ground floor. 129 Sixth street GOLDM AX. WILLIAM. Manager Manhattan Life Insurance Co of New York 200-210 GRANT. FRANK S-. Attorrey-at-Lav 617 HAMMAM BATHS. King & Compton. Props.309 HAMMOND. A. B 310 HEIDINGER. GEO. A. & CO.. Pianos and Organ 131 Sixth street HOLLISTEE. DR. O. C Pcys. Sur. .504-505 IDLEMAN. C. M.. Attorney -at-LaTv..41C-7-IS JOHNSON. W. C 315-316-311 KADY.. MARK T Supervisor or Agents Mutual Reserve Furd Life Ass'n '..K01-C0S LAMONT. JOHN. VSce-Presidont and Gen eral Manager Columbia Telephone Co COIR L1TTLEFIELD. H. R.. Phjs. and 5urg-0n. .2UIJ. MACRUM. W. 5.. Sec. Oregon Camera Club 214. MACKAY. DR. A. E.. Phja. and faun?. .711-712: MAXWELL. DR. W. E.. Phys. & Surg. .701-2-3. McCOY. NEWTON. Attorney-at-Law 713- McFADEX. MISS IDA E.. Stenographer.... 201 McGIXX. HEXRY E.. Attorrey-at-Law.311-313: McKELL. T. J.. Manufacturers" Representa tlve v.. .303-. METT. HENRY 213. MILLER. DR. HERBERT C. Eentlst and Oral Surgeon COS-609" MOSSMAX. DR. E. P.. Dentist 312-313-314 MAXHATTAX LIFE IXSURAXCE CO.. of New York: W Goldman. Manager 200-210 MUTUAL RESERVE Fl'XD LIFE ASS'N; Mark T. Kady. Supervisor of Agents.. C04-C03 McELROY. DR. J. G.. Phjs. tc Sur.701-702-703 McFARLAND. E. B.. Secretary Columbia Telephone Co. l0 McGUIRE. S. P.. Manager P. F. Collier. Publisher 415-418 McKIM. MAURICE. Attorney-at-Law 50O MILLER & ROWE. Real E3tate. Timber and Farming Lands a Specialty TOO MUTUAL LIKE INCURANCE CO.. of New YorK; Wm. 5. PonJ. State Mgr. .404-405-104 NICHOLAS. HORCE B. Attornej-at-Law.715 NILUS. ;. L . Cashier Manhattan LIf In surance Co., ot Nw York ..201 OREGON INFIRMARY OF OSTEOPATHY; Dr. L. B Smith. Osteopath 40S-iC3 OREGON CAMERA CLUB 2l4-2t5-21C-2tr POND. WM. S.. State Manager Mutual Life Ina. .Co. of New York 404-405-40- PORTLAND PRESS CLUB COS PORTLAND EYE AN DEAR INFIliMAllY. Ground floor. 133 Sixth stre-c PORTLAND MLNING TRUST CO.; J. H. Marshall. Manager 5131 QUIMBY. L. P. W.. Game and Forestry Warden .. T"f't13..V.c:. 710-717 ROSEXDAfin. 6 M2. Metallurgist and Min ing Engineer 515-5101 REED i. MALCOLM. Opticians. 133 Slxs: etreet. REED. F. C. Fish Commissioner 407" RYAX. J. B.. Attcrney-at-Law ..417 SA.MUEL. I. Manager Equitable Life 309. SHERWOOD. J. W.. Deputy Supreme Com mander, K. O. T. M 311 SMITH. Dr. L. B.. Osteopath 403-4H3 EOXS OF THEAMERICAX REVOLUTION .500 STARK. E. C. Executive Special. Fidelity Mutual Life Association of Phlla.. Pa 601 STUART. DELL. Attcrney-at-Law.. ...17-013 STOLTE. DR. CKAS. E.. Dentist 704-703 SURGEOX OF THE S. P. RY. AND X. P. TERMINAL CO 70 STROWBRIDGE. THOS. H.. Executive Spe cial Agent Mutual Life, of New York 40S SUPERIXTEXDENTS OFFICE 20t TUCKER. DR. GEO. F.. Dentist C10-6U U. S. WEATHER BUREAU D07-90S-003-9ia U. S. LIGHTHOUSE ENGINEERS. 13TH DIST.. Captain W. C Langfltt, Corps of Engineers. U. S. A. SOA U. S ENGINEFR OFFICE. RIVER AND HARBOR IMPROVEMENTS. Captain W. C Langfltt. Corps of Engineers. U. S. A..S10 'VATEKMAN. C H.. Cashier Mutual Life of New York 409. retary Native Daughters 710-71 7t WHITE. MISS L. E.. Assistant Secretary Oregon Camera Club 21 WILSON. DR. EDWARD X.. Phys. & Sur.304-J WILSON. DR. GEO. F.. Phys. & Surg..706-70T WILSON. DR. HOLT C. Phys. & Surg.507-50i WILSON & McCALLAY TOBACCO CO.; Richard Busteed. Agent C02-603 WOOD. DR. W. L.. Phslclan 412-41 J-414. WILLAMETTE VALLEY TELEPH. CO... 61- A ffcf- more decant ofilees may b Imil by applying to Portland Trnat Company of Oregon, lOO Third t.. ojp to the rent clerl- In the building. A LOCAL AND CLIMATIC DISEASE Nothing but a. lecal remedy .-r change of cllmato will cure ca tarrh. Get n wcll-kbcwit apnciertc. ELY'S CREAM BALM It is ulckly Ab sorbed. Gives Relief at once. Opens tnd cleanses ttttS; COLD ".HEAD the Membrane. Reotores the Senses of Tast and mell. No Mercury. No Injurious druj. Rccular Slxo. 0 cento; Fcmlly false, $1.00 at Drurg-Jts or br malL CATARRH 5LT BP.OTHEES. CO Warrca. St. New Tor. - 1