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THE MOT?NTNfr OttfcRONTAN. TUESDAY, 3IAY 14, 1901.
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BReBfflQeSARIHYSCHEME
IiAID BEFORE THE HOUSE OP COM-
e MOJfS YESTERDAY.
The Only Interentlnfir Speech. la Op
position ot the Measure Wm
. Mode by yiTlxtaton. Churchill.
IiOXDOX. May 13. The War-Secretary,
Mr. Brodrick, In the House 01 commons
today, moved hie army scheme, providing
for six corps -with 50,000 militia as a re
eervfi, and increasing the yeomanry from
32,000 to 25,004 men. The Liberal leader.
Sir Henry Campbell-Bannerman, moved
as en amendment that while desiring to
improve the efficiency of the army, the
proposals largely increased the existing:
Durdens without adding substantially to
the military strength of Great Britain.
The galleries of the House were
crowded, many peers being present, in
cluding Earl Roberts, the Duke of Marl
horough and the Marquis of Lansdowne,
as well as many peeresses and wives of
the members of the House. The discus
sion was regarded as disappointing, and
Mr. Brodrick's proposals apparently failed
to excite enthusiasm.
The only really Interesting speech was
made by Winston Churchill, who, follow
ing In hie father's steps, entered a strong
protest in behalf of economy and against
'ever-growing .military extravagance."
Mr. Churchill created a deep impression
by reading Lord Randolph Churchill's let
ter to the Marquis of Salisbury on his
(Lord Randolph's) resignation, 15 years
ago, emphasizing the need of public
economy. '
"I am proud to raise the tattered flag
of economy again," he said, and proceed
ing to point out that the expenditure for
defenses had doubled since the day of
his father's letter, he asked whether the
population had doubled or whether the
offensive forces of other nations had
doubled. He argued that the navy was
England's real defense, and that the effect
of the present policy would be a weak
navy and a, useless strong army. He de
clared himself unable to support either
Mr. Brodrick's resolution or that of Sir
Henry Campbell-Bannerman. The House
listened in impressive silence to Mr.
Churchill's eloquent appeal. His style of
speaking is still unequal, but he has the
power to dominate Parliament,
IjONDON, May 14.-Henry W, Masslng
ham, writing in the Dally Xevrs this morn
ing regarding Mr. Churchill's speech in
the House 'of Commons last night, says
nothing llke it has been heard since
Oladstonedied, and he predicts that Mr.
Churchill will one day "Be Premier or
Great Britain.
THE SPIRIT OF ENGLAND.
Salisbury Finds Ground for Congrat
ulation in the Boer War.
LONDON, May 33 The Marquis of
Salisbury, speaking tonight at the ban
quet of the Nonconformist Unionist As
sociation, said:
'It is a sad retrospect when we think
ot the number of oung lives that have
been quenched, the splendid hopes cut
short and the amount of bloodshed In the
war In South Africa. It is a grievous ret
rospect. "Set, from it any suggestion of
wrong on the part of the empire is ab
solutely absent. Indeed, there are cir
cumstances which can make every lover
of his country look back -with exultation
and gratitude upon the two years Just
passed. These circumstances have been
able to show that the spirit of our coun
trymen has burned as brightly as at any
period in our history.
""When I vas at the Foreign Office I
used to hear not infrequently that our
time had passed; that our star had set;
that we were living on the valor of those
who had gone before. The war In South
Africa has shown the strength of Eng
land, which was never more conclusively
shown. There is no power In the world
hut knows that if It defied the might of
England it would defy one of the most
formidable enemies it could encounter."
Subsequently the Premier said:
"If home -rule had passed In 1893, what
would the English "position, with a hos
tile Irish government in Dublin, have
been today? What would our position
have been if we not only had to meet
the Transvaal and" Orange Free State,
but also an equally hostile Ireland by our
side? We know from our experience the
danger of letting Ireland have a measure
of Independence. We know now that
if we allowed those who are leading Irish
politics unlimited power of making prep
arations against us, we should have to be
gin by conquering Ireland if ever we had
to fight any other power."
Terms for the Boers.
NEW YORK. May IS. A special to the
Tribune from London says:
A. number of resolutions dealing with
various matters of public Interest
will be considered by the coun
cil of the National Liberal Federa
tion at Bradford this week. Three of the
motions on the Agenda paper refer either
directly or indirectly to the South African
question. The general committee of the
Federation adopted a resolution last Feb
ruary favoring such a measure of self
government for the Transvaal and Orange
River colony as could be honorably ac
cepted by a brave and high-spirited peo
ple and this resolution the council now
will be asked to confirm. Unfortu
nately for the Liberal party, opin
ion on the question of the future gov
ernment of the conquered Boer republic
is far from unanimous, and it is only too
probable that the meeting of the council,
instead of giving encouragement to the
opposition in the House of Commons will
provide material for sarcastic articles In
the Unionist press.
Kitchener's Report.
LONDON, May 13. Lord Kitchener, in
a dispatch from Pretoria dated May 12
sajs:
Grenfell has occupied Loulstrlchart,
capturing 50 Boers with rifles. Loulstrl
chart was previously held by six British,
with 40 surrendered Boers. Other col
umns report eight Boers killed; 20 wound
ed; 132 prisoners; Si surrenders and ma
chine gun; 6400 rounds of ammunition.
aw wagons ana S70 horses captured."
Boer Detention Camps.
HAMILTON. Bermuda, May IS. The
British Government has rented Tucker's
and Morgan's Islands to be used as de
tention camps for Boer prisoners. Ac
tive preparations continue at Darrell's
Island, obtained for the same, purposes.
"Will Burn the Veldt.
LONDON. May 14. According to a dis
patch from Pietermaritzburg to the Dally
Mall, Lord Kitchener is about to try a
new plan of burning the veldt In order to
compel the Boers to surrender.
Mrs. Botha Goes to Europe.
DURBAN. May 13. Mrs. Louise Botha,
who has obtained consent to interview Mr.
Kruger, and urge him to advocate peace,
sailed today for Europe on the steamer
Tunvegan Castle
ROUMANIA AND GREECE.
Their
Klnsrs Met to Discuss
the
Macedonian Question.
ABBASIA, Austria, May 13. King
Charles of Roumania and King George
of Greece met. here this afternoon on
feo&rd the Greek warship Psara. The
object of the meeting, as officially set
forth at Athens May 1. is to draw Rou
mania and Greece into closer friendship.
"Unofficially various reasons are ascribed
to this meeting, the notable one among
them being the need for the two non
Slavonlc Balkan states, Roumania and
Greece, to come to an understanding In
opposition to the pan-Slavonic states of
Servla ana Bulgaria, on the Macedonian'
and other questions. King Charles and
King Jeorge have hitherto never met.
The meeting which had been arranged to
take place in 1S3S failed, because of the
death of Queen Louise of Denmark.
Although the Greek andv Roumanian
press both Indulged in great expectations
as to the result of today's meeting, It is
probable that nothing more definite will
result than an exchange of views and the
strengthening of the friendly relations
existing today between the two countries.
THE XTOEffCff PARLIAMENT.
Indications Are That the Opening
Session Will Xot Be Exciting.
PARIS, May 13. The French Parlia
ment will resume its sessions tomorrow in
an atmosphere of absolute calm. Neither
the Senate nor the Chamber of Deputies
shows anything striking In the order of
the day. Out of 38 interpellations an
nounced, only one deals with the govern
ment's foreign policy. This interpella
tion concerns the Franco-Russian alli
ance, and will probably arouse some In
terest The opposition has lost hope of
successfully assailing the Ministry.
La Presse, an anti-Ministerial news
paper, summing up the situation tonight,
admits that the dominant note in the re
sumption of the Parliamentary sessions
is the fact that the Waldeck-Rousseau
Cabinet will most probably preside at the
general election of 1902.
Premier Waldeckousseau has returned
from his health-seeking trip to the Adri
atic, and conferred today with President
Loubet. He appears to have fully recov
ered. V
STRUGGLE FOR EXISTENCE.
Proposed Rnmo-Gcrman Tariff Alli
ance Against the United States.
BERLIN, May 13. The Cologne Gazette,
which often voices the views of the Ger
man Foreign Office, in the course of a
leading article today advocating a tariff
understanding with Russia In order that
they might act jointly against the United
States, says:
"As matters stand fof Europe today,
the struggle for existence demands that
the exceptional position of the United
States be abolished. The United States
is a most dangerous competitor for
Germany, and especially in iron manufac
tures and hardware. Germany's tariff
policy must be arranged accordingly. An
understanding with Russia offers ways
and means to compel the United States
to adapt itself to Europe's tariff
system, by which German agriculture will
by no means suffer disadvantage."
Banquet to American Business Men.
NEW YORK. May 13. A dispatch to the
Herald from London says:
The banquet to be given by the
London Chamber of Commerce to
the New York Chamber June 5,
will make the friendly union of the
principal men of commerce in England
and America. It is an endeavor to ce
ment the friendship which has long exist
ed between the two countries. Most
of the greatest commercial houses
In England will be represented, while from
America come some 25 millionaires, headed
by J. Pierpont Morgan, Andrew Carnegie
and Morris K. Jessup, the president of the
New York Chamber of Commerce.
The entertainment of the American vis
itors, of which the banquet at Grocer's
Hall Is the most prominent feature, prom
ises to be on a scale hitherto unsurpassed.
There will be a reception by the Lord
Mayor In the Egyptian Hall of the Man
sion House, Vi hile Lord Brassey and oth
ers will give garden parties. The details
of two other important functions have yet
to be decided upon. This festival of com
merce will last for the greater part of a
week.
Heir Apparent' London House.
NEW YORK. May 13. It Is said that the
King Intends to fit up White Lodge, at
Richmond, as an outer London residence
for the Duke and Ducheas of Cornwall
and York, says the London cor
respondent of the Tribune. The
house is small, but It Is ad
mirably suited for the purpose, and
moreover, the DucheBs spent her child
hood and girlhood there. At present the
place Is vacant It belongs to the crown,
and some of the furniture is also royal
property. The King, attended only
by one of the gentlemen of his
court, paid a surprise visit to
the house Sunday. As he drove
through Kew Gardens he was quickly
recognized and loudly cheered. The peo
ple were wonderfully enthusiastic, and
the sovereign evidently was pleased with
the warmth of his reception.
Tables May Be Turned.
LONDON, May 13." The Berlin corre
spondent of the Times, commenting upon
the Cologne Gazette's article, says:
"As for the Americans and Russians, It
is not impossible that they may entirely
turn the tables by forming a dual com
mercial alliance In order to resist any
and every rise In the German grain du
ties." T
The Vienna correspondent of the Times
also comments upon the extent to which
the public mind of Austria-Hungary has
been impressed by J. P. Morgan's vast
commercial projects, and declares that
there is a significant similarity of tone
between the utterances of the Welner
Allgemelne Zeltung and the Cologne Ga
zette. Russian Revolution Spreading.
BERLIN, May 14. The St. Petersburg
correspondent of the Lokal Anzeiger says:
"The revolutionary movement among
the laboring classes of Russia is spread
ing. There have been S4 arrests of oper
aties during the last few days, and a
number of editors, as well as women,
have been arrested. Two professors, who
were placed under arrest, have been trans
ferred to prisons In the Interior."
Prince Munster's Memoirs,
BERLIN, May IS. Prince Munster von
Durnerberg, according to the Berliner
Tagesblatt, Is going to his Durnerberg
estate, where he will complete his me
moirs, which will deal elaborately with
the Dreyfus affair, as he was German
Ambassador in Paris during the Dreyfus
period.
Increasing Her Frontier Army.
BERLIN, May 13 The Berlin papers
assert that a readjustment of the mili
tary forces of Germany on the Russian
frontier is in contemplation, involving1 a
heavy increase. The forces between Al
lenstein and Lick, now 11 battalions, will
be raised to 19.
Filibustering: Promised.
BERLIN, May IS. The" editing of the
f Reichetag Wednesday Is likely to develop
filibustering on the part of the Liberals
against the spirits revision bill, in the In
terest of the Agrarians.
King Edward Will Visit Homburg.
BERLIN. May 13. King Edward, ac
cording to the papers, will arrive in Horn.
burg toward the end of May, and will re
main there for a few dajo to take the
waters.
THE BEST? YES.
The Portland-Chicago special train of
the O. R. & N., leaving dally at 9 A. M.,
Is on exhibition every day In the year,
and beats any other train to Chicago a
whole day. All the comforts and safety
appliances to be found anywhere, and
Just think of the saving of time. Go down
to the station any day it Is convenient
and visit our "Best." We are always
prepared for company. If you want to go
East via St. Paul our "Spokane Flyer,"
leaving Portland daily at 5 P. M. Is your
train on account of quickest time and
flrst-class service. "The Atlantic Ex
press" is well up In the procession when
compared with trains on other lines. It
leaves at 3 P. M. This galaxy of star
trains cannot be beaten. Ticket office,
Third and Washington.
:r police guard
ALBA1SY STREET-CARS' "WILL
, RUN BY 3SOK-TJNIOX EN.
BE
Strikers Refused te Accept the Com
promise Proposed Machinists
Hay "Walk Oat Next Week.
ALBANY, N. T.. May 13. Under the
escort of a platoon of mounted police and
surrounded by a mob of 2000 Albanians,
200 non-union men were taken at mid
night to the Quail-street car barns of the
United Traction Company, which is the
main station of the Albany lines of the
United Traction Company. Stohes were
hurled at the non-union men as they were
taken to the barns. This Is the first
step taken by the company to operate its
lines with non-union men. The officials
of the company announce that traffic will
be resumed in the morning. The non-
union men, It is said, came from Philadel
phia, and were met at the station by a
platoon of mounted police and two patrol
wagons full of policemen.
The directors of the company remained
In session all the afternoon awaiting a
reply from the strikers to a compromise
proposition plan made at a conference
this morning. The strikers of the three
cities met and unanimously agreed not to
accept the proposition. Tonight the di
rectors gave orders to the officers to open,
the roads tomorrow. Notices were sent
to the Sheriffs of Albany and Rensselaer
Counties, and the Mayor and Chief of
Police of Albany, Troy, Watervliet, Co
hoes and Rensselaer, of the Intention to
operate together with requests for po
lice protection. Forty-five inspectors of
the company were sworn in as deputy
sheriffs.
THE MACHINISTS' STRIKE.
At Least 100,000 Men Will Be Direct
ly Affected.
WASHINGTON, May 13 Conferences
In this city today between President
O'Connell, of the International Associa
tion of Machinists; President Gompers, of
the American Federation of Labor, and
officials of several of the metal-working
trades other than the machinists, con
sidered the moral and financial support
to be given the proposed strike of mach
inists. President O'Connell said the out
look was very encouraging for a success
ful strike In many localities. He said the
strike will affect at least 100,000 men
directly and over that number of allied
mechanics indirectly.
Employes Must Decide This Week.
NEW YORK, May 13 Secretary Wilson,
of District 15, of the National Association
of Machinists, was interviewed today con
cerning the order sent out Saturday by
National President James O'Connell at
Washington, calling a strike of all ma
chinists throughout the country Monday
next unless all employers signed the
agreement for a working day of nine
hours and an Increase of 12 per cent In
wages.
"There Is little doubt In my mind," said
Mr. Wilson, "that the strike will actually
take place, but the employers have until
Saturday next to come to our terms. That
IS the last working day before the date
set for the order to go Into effect. The
machinists alone who would be called out
will number 150,000, but all trades depend
ing upon the machinists for their tools
will be brought to a standstill. An erro
neous opinion prevails that this strike will
mean the practical stoppage, of all work
on public buildings and great contracts
like the rapid transit subway. It will
do rothlng of the kind. In this district
about 10.000 of our men wll be affected."
Illinois Central Machinists.
CHICAGO. May 18 The general confer
ence committee of the members of the
International Association of Machinists
employed by ihe Illinois Central Railroad
Company s again in session In this city.
Second Vice-President Harahan, of the
Illinois Central, has conceded a minimum
scale of wages of 29 cents an hour and
this will be accepted by the machinists
providing the company will agree to let
nine hours constitute a day's work. Thus
the question resolves Into one- of dollars
and cents, since the nine-hour day will
give the men an extra hour's pay for' all
time over nine hours.
Illinois Central Wages Raised.
TOFEKA, Kan., May 13 After a con
ference with a committee representing
the International Union of'Machinlsls, the
Santa Fe Railroad, through General Man
ager Mudge. has agreed to raise the wages
of shopmen along the entire system. Ma
chinists had threatened to strike May 20.
The machinists getting heretofore 27 cents
per hour were raised to 30 cents; 28 cent
men to 31 cents. These wages prevailed
since 1S93. Fifty-nine hours will consti
tute a week's work. The schedule is
effective from May 1.
TO ESTABLISH MINIMUM SCALE.
Gompers Says Is the Object of Trades
Uaions.
NEW YORK, May 13. Samuel Gompers,
president of the American Federation, of
Labor, according to the Washington cor
respondent of the World, made a state
ment last night In reply to assertlqns of
President Schwab, of the United States
Steel Corporation before the Industrial
Commission, that labor organizations 2ut
all men on a level and prevent one from
advancing unless all advance. Mr. Gom
pers said:
- - - - WFwBBm0
.m . ? LSWv js -efi-Jv $3p
"It is a misstatement to say that we arc J
endeavoring to fix one price for the wages
of workingmen of any one class, What
we aim at is to 'establish a minimum of
wages, below whica a worklngman will
not be obliged to labor. Because a mini
mum is established it does not follow that
a worker cannot receive more thaa that.
I We are engaged in promoting the general
weuare or the working classes and are
almlng at their general improvement
rather than trying to get one "preferred
position for some particular Individual.
It may be true that there are cases where
a laboring man advances beyond his co
laborers, but It is usually at the expense
of others. Setter conditions of the craft
generally and all will profit."
Trainmen's Constitution.
MILWAUKEE, Wls. May 13. The
Brotherhood of Trainmen today finished
its work on amendments to the constitu
tion. Under the new order of things, the
grand master will be allowed an assistant
to be located at headquarters. Frank P
Sargent, Grand Chief of the Brotherhood
of Locomotive Firemen, addressed ihe
condition this; afternoon.
The convention decided, to readopt the
old plan of a system of federation of
HE WON'T BE HAPPY TILL HE GETS
the five railroad organizations for the
settlement of .grievances under the plan,
the various organizations are to appoint
committees of two of every railroad, the
combined committees to be known as a
federated board. Should one organiza
tion fail in the settlement of a grievance,
the federated board is authorized to bring
about an adjustment. Similar action is
expected to be taken at the conductors'
convention at St Paul, which will meet
tomorrow. Another important jactlon
calls for the appointment of a committee
on legislation- lrf eachvstate. " V f
Engineers' Strike Settled.
CLEVELAND, O., May 13. The long
strike between the marine engineers and
the United States Steel Corporation was
settled at a final conference today. This
practicajly. ends the engineers' strike on
lake steamers, which was on for the
last three months. Chief Hayes, of the
Steel Corporation's fleet, would not give
out the terms of the settlement, as he
said it had been agreed on by both sides
not to do so.
Denver Brlckmakcrs Strike.
DENVER, May 13 Two hundred and
fifty brickmakers of this city are out
on strike as a result of the refusal of
the manufacturers to accept the new scale
of wages demanded by the Brickmakers'
Union. Not more than a third of the 20
yards in the city are running as a conse
quence of the strike. The new scale pro
vides for a 10 per cent Increase In wages.
DIED AT SEA.
Rev. John Travers Lewis,
Arch-
bishop of Ontario.
LONDON, May 13. Archbishop Lewis,
of Ontario, died on board the Atlantic
liner Menominee, May 4 He embarked
seriously ill, and intended to stay in Lon
don a short time and proceed to Egypt.
He was accompanied by his wife and a
trained nuise During the night of May
3 he sank rapidly, and died at 4 o'clock
the next morning.' The body was "em
balmed and taken to his residence here.
Archbishop Lewis was suffering from
heart trouble, following recovery from an
attack of pneumonia, when he sailed.
(The Most Rev. John Travers Lewis, D.
D., LL. D., had been archbishop of On
tario, and metropolitan of Canada since
1S93 Previous to that he had been bishop
of Ontario, to which see he was appointed
In 1862. He was born at Garryglojne
Castle In 1825, and was educated at Trin
ity College, Dublin. He was ordained In
1849, and' was rector of Breckville from
1854 to 1862.)
Scarles' Assets and Liabilities.
NEW YORK, May 13 Schedules of the
assets and liabilltle"s of John E. Scarles,
who made an assignment to Edward F.
Dwight March 5 last, and against whom
bankruptcy proceedings were instituted
four das later, have been filed with the
Clerk of the United States District Court
In Brooklyn. The schedules show on their
face that Mr, Searles' assets greatly ex
ceed his liabilities,- being $3,616,545. He
owes all told, 52,135,785. Among his prin
cipal liabilities are the following:
Southern Pacific Co !?100,000
Traelers Insurance Co 100,000
American Deposit &. Loan Co 120,000
National Bank of North America 175,000
International Trust Co.. of Baltimore.. 327,500
Seaboard National Bank 100,000
Pueblo National Bank ' 41,617
"Western National Bank, of New York 00,000
Metropolitan Life Insurance Co (se
cured by mortgage) J80,230
All of the foregoing amounts are se
cured either by collateral or by mortgage
on real estate.
Buffalo at New York.
NEW YORK, May 13. The United
States cruiser Buffalo arrived this morn
ing from Manila via. Colombo and the
Suez Canal. The Buffalo left Cavite,
Manila, April 4 and arrived outside the
bar at Sandy Hook last night at mid
night, making the run in 38 dajs The
Buffalo brought 591 seamen and 57 ma
rines, the most of whom had enlisted for
the war or for three years. They will be
discharged at the Brooklyn navy-yard.
The Buffalo brought two bodies, one
that of Lieutenant-Commander Jesse M.
Roper, who was killed on the U. S S
Petrel, the other that of P. A. Stoughton,
who died at Hong Kong.
Kew Overland Ticket Office.
For all points East. Lowest rates
Superior attractions. Excellent service.
Personally conducted excursions dally, via f
xiio urauue tyesieiii xviuitvuy, ii jx. xaira
street, entrance new Failing building.
LONGER A MENACE
NORTHERN LINES CANNOT USE
" BURLINGTON' TO INJURE OTHER,
Union Paelfic rbb St. Paal Will
Share in the Contract Hill-Mar,
gaH Alliance May End.
NEW YORK, May 13. The Evening
Post says:
"It is believed that some arrangement
will be"" worked out by which the Burling
ton will' be held so that it cannot pos
sibly be operated to injure any of the
Western railroads. That Is, the Union
Pacific will not only get an interest In
the properly, but the St. Paul, which
next .tb the Union Pacific was -most
seriously Jeopardized by the passing of
the'Rurllngton's control to the Northern
transcontinental lines, will share in the
Burlington contract, so that it will be
THERE.
removed, absolutely as a disturbing factor
In the railroad situation. It is not be
lieved that J. P. Morgan & Co. will be
placed as the interest responsible before
the public for the management of that
property, but there was some suggestion
today that the alliance between Mr. Hill
and Mr. Morgan, which has been of only
about six months' duration, will be ended.
There Is good ground for saying that while
Mr. Hill has probably retained the large
Interest in the Northern Pacific which
he acquired last Summer when the stock
declined below 50 on the reduction of the
dividend, the most influential of Mr. Hill's
friends In the directorate have liquidated
their holdings. They were, with Mr. Hill,
who Is not a Northern Pacific director,
the most enthusiastic advocates of the
Burlington deal. This was long opposed
by the older Northern Pacific people."
On the Stock Exchange developments
in Northern Pacific are waited with the
keenest Interest, but it was the general
opinion In Wall street today that It will
be some time before the question of con
trol would be settled. It Is believed that
one party to the controversy holds control
through the preferred stock, and that
several intricate legal points are Involved
concerning the right of the directors of
the company to retire the preferred stock
at par, and thus deprive It of Its voting
power.
The Times says: 1
"It was learned late last night from d
source that should be In a position to
be well Informed that the actual stock
holding interests in the Northern Pacific
of the Harrlman people is sufficient to
give them control of the property, this
regardless of commitments for future de
livery of stocks."
James R. Keene, In an Interview last
night, said:
"I believe Morgan and Hill have Con
trol of Northern Pacific. Some time be
fore the eo-caHed panic, J. Pierpont Mor
gan & Co. bought 180,000 shares of North
ern Pacific stock through Talbot J. Tay
lor & Co. The order was executed so
quickly andWlth so much suddenness that
the purchases were made before any
body could determine Just what the buy
ing meant, whether it was for a specula
tive account or something etee. Nearly
all the stock Morgan & Co. bought vas
delivered to them. Then the other side
began buying.
THE PASSING OF CONTROL.
No Doubt That Some
Friends Sold Northern
of Hill's
Pacific.
NEW YORK, May 13 Referring to the
recent corner in Northern Pacific, the
Herald today says:
The Union Pacific interests quietly be
gan buying the stock through negotia
tions with large holders. Great North
ern stock was unobtainable, being very
closely held by Mr. Hill and his friends.
The control of Burlington had passed,
and the only property remaining available
that had any voice In the matter was
Northern Pacific. Had it not been for
the friendship which has existed for many
years between Jacob Schlff and J. J.
Hill, it is doubtful if the difficulty would
have been precipitated: On the uprush
of prices holders of Northern Pacific, In
cluding officers and directors of that com
pany, sold their stock, hoping to rebuy it
in the market at lower prices. So far as
Is known, only one of those sold short,
and he, a holder of record for a large
amount, unloaded his entire' holdings, and
was caught short 5000 shares. Northern
Pacific men suddenly learned the true sit
uation as the result of a conversation
between Mr. Schlff and Mr. Hill. Mr.
Hill, it is said, was boasting of his ac
complishment of getting the Burlington
and was commenting upon the bright
prospects of Great Northern as a result
of the acquisition. Mr. Schlff Is alleged
to have said in reply:
"Mr. Hill, we have been friends for a
period of 25 years, and the firm of Kuhn,
Loeb & Co. has financed the Great North
ern Railroad time and again when Its
credit was not as high as It Is at pres
ent, and when the property was vastly
different from Its condition now, I hope
that the friendly relations, both personal
and of a business nature, will continue,
and it is only in consequence of our
friendship that I tell you this. I think I
owe It to you, Mr. Hill, to let you know
that you and your friends do not hold
the control of Northern Pacific. The con
trol of that road is In Kuhn, Loeb &
Co.'s office at the present time."
"That isn't possible," Mr. Hill retorted.
"I own $30,000,000 of the stuff myself, and
I have not sold a share. With my hold
ings and those of my friends we have
an absolute majority."
"You may be holders of record of the
majority," replied Mr, Schlff, "but we
hold the certificates. Including the corn-
mpn and preferred stock, tvo have a clear
majority." "
Immediately after this conversation the
furious buying of Northern Pacific was
noted. In New. York. London and Berlin
it was the same. The orders were un
limited, either as to price- or quantity.
The conclusion seems definite that soma
of Mr. Hill's friends had parted with thelr
stock and were not at the time the
absolute owners of the property Noth
ing else could possibly explain the em
ployment of James R. Keene by the
banking-house of J. P. Morgan & Co..
and the tremendous purchases of the
stock through Street & Norton, who
openly bid in 150,000 shares and forced
the price up 24 points.
That some of he buying came from
Kuhn, Loeb & Co. Is not unlikely, but
what is called the competitive buying
was not altogether a contest between the
rival interests. It was due In part to
heavy repurchases of -stock through a
Broadway banking and brokerage house,
which handled the speculative accounts
of some large interests Identified with
the Northern Pacific property. It will
undoubtedly take some time to settle
definitely where the control or the prop
erty really lies. That the contest Is very
close is indicated by the buying "by both
parties of fractional share lots through
out the country. Both houses have. In
addition to stock, some contracts, and
where the contracts rest It cannot be
stated positively. More light will be
thrown on this point, however, with the
arrival of the steamships from Europe.
Settled at London.
LONDON, May 13. The stock ex
change committee and J. P. Morgan have
come to the rescue of. the situation, and
the difficulty in which operators and
brokers who have given calls for North
ern Pacific for the end of May and July
found themselves Is satisfactorily -settled.
The committee decided that the "buying
in" of Northern Pacific common and pre
ferred be suspended for the present. This
means that the stock need not be deliv
ered immediately. The committee also
fixed the maklng-up price of Northern
Pacific common at 140 Mr. Morgan is
lending Northern Pacific at "evens"; that
is, for nothing.
Decided satisfaction has been expressed
on the stock exchange over the tentative
settlement of the Northern Pacific crisis.
It is understood that Kuhn, Loeb &
Co , as well as Mr. Morgan, are quietly
lending shares to their friends who have
been caught in the squeeze.
The committee also decided that the
settling price for the preferred was to be
110, but the amount Involved Is of minor
Importance.
CONGRESS OF CHARITI2S.
Subjects Considered at the Notional
Conference.
WASHINGTON, May 13. The general
session of the National Conference of
Charities and Corrections today was de
voted to a discussion of the division of
work between public and private charity.
Controller Coler, of New York, delivered
an interesting address on the subsidy
problem in New York City. He said the
system has been greatly Improved by in
trusting lte treatment exclusively to the
local authorities. A section meeting was
held In the afternoon at Columbian Uni
versity, the topic being "Alcohol as a
Cause of Degeneracy."
Tonight at the general scission at Foun
dry Church, the conference considered
the subject of "Needy Families In Their
Homes." Professor John Graham Brooks,
of Cambridge. Mass., paid some attention
to the forms of charity wffich require In
vestigation in registration and friendly
visiting. The poor, he caid, will never
take kindly to "Investigation," and no
duty of the visitor requires more delicacy
and tact. The first need is to know vhat
has happened to bring the family to want.
Stole Silver Bullion.
PARK CITY, Utah. May 13 George
Redsull and Albert N. NUes were
arrested today, charged with stealing sil
ver bullion from the Marsac refinery In
this city. The thefts, which have cov
ered a period of several months, it is said,
will amount In the aggregate to nearly
$15,000. Redsull has been the night watch
man at the refinery and the authorities
assert that it Is he who did the stealing,
carrying the bullion away in his dinner
pail and storing it at the house of his
son-in-law, Mr. Nlles, where the greater
portion of the bullion was recovered by
the Sheriff today.
Shot by Vigilantes.
TOPEKA, Kan., May. 13 Dr. Herman,
colored, was fatally shot at midnight by
the members of a vigilance committee at
7117 North Jefferson street. Herman lived
at the home of Mrs. George Hamler,
whose husband died under Herman's care
several weeks ago. The mob found Her
man armed with a shotgun and revolver.
There was a scuffle and the weapons were
secured and some one fired the shotgun
at Dr. Herman, shooting him twice in
the abdomen.
Negro Terror Assassinated.
LITTLE ROCK, Ark., May 13. A mob
Of masked men went to a house occu
pied by Lee Key, colored, near Knoxvllle,
Johnson County, and called him out. Key
was found dead in the yard at daybreak,
having been shot. It Is charged he had
been terrorizing other negroes.
Every Steamer Watched.
NEW YORK, May 13 A dispatch
to
the Herald from Montevideo says:
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Hall & Itnckel, Proprietors, N. Y. City.
the conspirators. Every steamship
going to Buenos Ayres, Argentina.
Is being watched by secret agents
to prevent the departure of sus
picious persons, because It Is feared that
they would prepare a coup d'etat from
Argentine soil. Troops and police- are
being, mobilized by the government to
meet any Insurrection. The country is
still excited.
Roosevelt Promlsei to Spcalc.
MINNEAPOLIS, May 13. Vice-President
Roosevelt has accepted an Invitation to
make an address September 2, during the
State Fair.
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