Morning Oregonian. (Portland, Or.) 1861-1937, July 25, 1903, Page 6, Image 6

Below is the OCR text representation for this newspapers page. It is also available as plain text as well as XML.

    THE MOENTNG OREGONIAN, SATURDAY, JULY 25, 1903.
tie rsgmtton
fetond at tlM Foctofflco at Portland. Oresos.
&a iecond-clai matter.
REVISED SUBSCRIPTION BATES.
By itail (poitage prepaid. Xa advance)--
witn Sunday, per month ...$0.86
Daily, Sunday excepted, per year..-.-. TJW
Daily, with Sunday, per year 9.00
Sunday, per year 2.00
Weekly, per year X.60
Tb Weekly. 2 months. .....-. 60
T City Subscriber
Dally, per week, delivered. Sunday excspted.lpe
&aUr r week, delivered. Sunday lncludea.30e
POSTAGE RATES.
tMted Ctatef, Canada and Mexico
36 to 14-page paper ..................Jo
3 to M-page paper
W to M-page paper .........
Torelcn ratei double.
Kew or dlscuaslon Intended for publication
Sa The Oregonlan should be addrseted Invarla
fcly "'JMItor The Orcgonlan." not to the name
at axy individual. Letters relating- to adver
tise, subscription, or to any business- matter
should le addressed simply "The Oregonlan."
-Tk Oreconlan does not buy poems or stories
trcm Individuals, and cannot undertake to re
tars, axy manuscripts sent to it without solici
tation. Mo stamps should be inclosed for this
SfwrpoM.
XaUrn Buiiness Office, S. 44, 45. 47. 48, 40
Trttmae building. New Tork City; 610-11-12
Tribune building. Chicago; the S. C. Beckwlth
4ecial Agency, Eastern representative.
For sale in San Francisco by L. E. Lee. Pal
c Hotel sews stand; Goldsmith Bros., 23S
"Batter street; F. W. Pitts. 100S Market street;
3, X- Cooper Ca. 746 Market street, near the
Falae Hotel; Foster & Orear, Ferry news
fctaa; Frank Scott, 80 Ellis street, and H.
3kUey. SIS Mission street.
For sale in Los Angeles by B. F. Gardner.
40 South Spring street, and Oliver & Haines,
jM Soath Spring street.
For sale In Kansas City. Mo., by Blcksecker
Clear Ca, Ninth and Walnut streets.
For sale la Chicago by the P. O. News Ctx,
'17 Dearborn street, and Charles MacDonald.
t Washington street.
For .eale In Omaha by Barkalow Bros., 1012
ftaroata street; Megeath Stationery Co., 180S
'Farnam street.
For sale In Ogden by W. G. Kind, 114 25th
tret: 3a. H. CrockweU. 242 25th street.
For sale In Salt Lake by the Salt Lake News
Co.. 77 West Second South street.
Tor sale In Washington. TX C. by the Ebbett
Xoeae new stand.
For sal in Denver, Colo., by Hamilton &
Xandrick, 906-B12 .Seventeenth street; Louthan
Jackson Book & Stationery Ca. Fifteenth
-mad Lawrence streets; A. Series, Sixteenth and
"Cartls street.
XESTERDAVS WEATHER Maximum tem
Swrature, 70; minimum temperature, 67; pre
telpltotlon, 0.
TODAY'S WEATHER Fair and warmer;
northerly winds.
PORTLASSX, SATURDAY, JULY 25.
THE SILVER COMMISSION.
This latest cable from Berlin concern
ing the silver conference sets aside the
mass of Incoherent and Irresponsible
drivel that has come before. It has
been taken for granted, apparently, that
this conference must be like the former
ones a Junket for pretentious states
men, a propaganda of precious nonsense
about "bimetalism" and then a col
lapse of no further service than to pro
mote the gayety of nations.
The personnel of the Conant Commis
sion was sufficient, however, to have set
cuch crazy ideas and the stories they
inspired at rest The Justification of
the effort upon which the Administra
tion, under Instructions from Congress,
proceeded, Is .ample In the tremendous
Joss and disturbance caused by fluctua
tions of exchange between gold and sil
ver countries. One has only to recall
the long and bitter controversy in Brit
ish India, and the similar though less
strenuous experiences of Hussia, Aus-Iro-Hungary
and nearly every state In
Central and South America, to appreci
ate the fervor with which China and
Iexlco appealed to the gold nations for
advice and aid, and the sympathy with
which the Administration at "Washing
ton responded. Our interest was fur
ther secured by our close relations with
Mexico, and still more vitally by our
own pressing and difllcult problem In
the Philippines.
It now appears that so far. as Ger
many is concerned the negotiations
have been successful to the limit of
hope, and agreement reached along the
lines of the American recommendations.
These comprise a declaration for a gold
standard for China, with a stable ex
change value for the sliver circulation
yet to be determined; the systematic
purchase of silver for subsidiary coin
age by gold countries, and a specific
disclaimer of the "blmetallst" fancies
that were wont to vex the ears of civ
ilised man. It develops, of course, that
Germany doesn't need any silver now.
3ew nations do, least of all the United
States. But it seems nothing more
than reasonable that the Oriental de
sire for some sympathetic expression
on this head from the great powers be
acceded to.
Nor is the proposal to systematize
purchases of silver by all the nations so
chimerical as might appear at first
blush; for exchequers do co-operate on
things quite as variant In individual
conditions, and much benefit may be
derived if the Joint undertakings pro
ceed no farther than perfect under
standing on all hands as to Just what
the silver burden of the world Is, and
how it can best be carried. What sil
ver needs more than anything else Is
stability, and this would be powerfully
promoted by a comprehensive grasp of
the entire productive area and of the
world's approximate needs for coinage.
This, of course, is merely incidental to
the main purpose of the conferences,
which is to assist China and Mexico to
adopt the gold standard and end their
age-long nightmare of debased cur
rency. From Berlin the American
Commission goes to St. Petersburg,
where It will meet In .M. de WItte one
of Europe's most powerful minds and
most resourceful of financiers, and
where It will, we make no doubt, re
ceive welcome and encouragement.
THE FUXERAL EXHIBIT.
We can well believe that the impres
sion of those who pass before the bier
of the pope Is "one of intense pity com
bined with a certain sense of horror."
The elevation for the multitude to gaze
upon of the shrunken body, from which
age, pain and disease has stamped out
the life; wrapped In the costly robes
and gorgeously bedecked with the em
blems of a power that Is of the past,
forms a spectacle from which Imagina
tion shrinks and against which pity
for our common mortality protests. It
Is difficult to conceive that any person
of sensibility would permit his own
dead to be thus gazed at. This is not
said in criticism of the grewsome
pageant that Is in progress in Rome,
the essence of which is affection and
the moving Impulse of which is honor
to the dead, but merely to voice the
hope that with the advance of civiliza
tion ghastly mortuary shows, with their
glitter of empty baubles and. display of
extravagant grief, will cease. Says
food Dr. Toung: , .
Half round the world the tears rumped up by
death
Are epent In watering vanities of life.
The truth of this estimate is shown
whether the funeral scene is In a hum
ble home shrouded In all the pomp of
yro because the spirit of a little child
has gone out of It; In a church, where
curious hundreds await their turn to
gaze Into a face upon which death has
placed the seal of eternal silence, or in
the mighty cathedral, made gorgeous
with the trappings of magnificence that
surround as if in mockery the wasted
body of the dead.
The obsequies of Queen Victoria were
notable lor the absence of this exhibi
tion feature, yet nothing was omitted
that could testify to the love of her
children, family and the nation for the
mother, friend and sovereign who had
finished her work and passed on. The
dignity and solemnity of the occasion
were enhanced by the withdrawal from
sight of the form and features upon
which age and pain had made sad rav
ages, and the wider public was spared
a detailed description of how she looked
after time and 'death had triumphed
over her. A like circumspection was
observed by the family of the late Em
press Frederick. No one except those
nearest and dearest were allowed to
look upon her lace after death, she hav
ing specially requested that the memory
of her living face should be allowed to
remain with all who had known and
loved her.
Thls desire Is a natural one, and one
which finds frequent expression among
people In all the walks of life. 'It may
be hoped that this desire will come to
be general and perhaps In time univer
sal, and thus make an end of the spec
tacular funeral exhibit, which can bring
neither honor to the dead, comfort to
those who mourn nor legitimate satis
faction to the mass of spectators.
HOLD DOWJi EXPENSES.
The Lewis and Clark Centennial is to
be congratulated upon the fact that Its
permanent organization is completed
and that there Is- the most perfect un
derstanding and co-operation between
the State Commission and the corpora
tion. It is of supreme Importance that
these two bodies should work together
with harmonious aim and undivided
purposes.
This is only one of the favorable aus
pices under which this worthy enter
prise has proceeded from the first. It
has united the business elements of the
city and state as they have never been
united before, stimulated building and
trade, promoted pride In the city's ap
pearance and attracted attention every
where to the boundless resources of the
Pacific Northwest It has served as a
rallylng-polnt for the enlistment of in
terest in us and In our ambitions among
the country's distinguished men, begin
ning with President Boosevelt.
Everything so far is encouraging; and
yet there is one great and Insidious dan
ger which will swamp the Exposition
unless It Is continually borne In mind
and guarded against. That Is the dan
ger of extravagance. The motto of the
enterprise from now on must be to cut
its garment according to the cloth. This
the officials In charge fully understand
and are firmly resolved to carry out. It
Is necessary to be -prudent in outlays,
especially for salaries and buildings. So
far these things have been admirably
looked out for, and the course estab
lished by the late President Corbett and
adhered to by the several committees Is
very properly hardening into habit. It
will make It much easier for all who
have dealings with either of the boards
to bear In mind that expenses are to be
held down and that the funds are not
designed primarily for the behoof of
those who feel that some of the -money
must co rile their way.
LONG-RANGE ADVICE.
The ancient but deep-seated belief
that the influence of the Almighty never
extended west of the Mississippi River
has not - yet been eradicated in the
older-settled portions of the United
States. Accompanying this belief Is a
settled conviction that the inhabitants
of the Pacific Coast cities and towns are
slow, stupid, incompetent and unable to
grasp their opportunities. Distance
lends enchantment to the view, and
at Jong range our Eastern friends feel
perfectly equipped for the task which
the street gamin would Inelegantly term
"putting us wise." To be sure, when
one of the wise men of the East comes
out here and backs up his pretty the
ories and opinions with coin, the Illustra
tion of the disadvantages under which
we have been laboring frequently falls,
and incidentally the Illustrator does the
same. For this reason the advice and
hints which are thrown our way fire
usually from sufficiently long range to
protect the person proffering them.
The latest Illustration of this Eastern
characteristic is shown in a very inter
esting little book entitled "The Story of
a Grain of Wheat" It is from the pen
of W. C. Edgar, editor of the North
western Miller, and is in many respects
a valuable work, but it is in dealing
with the Pacific Coast flour trade that
the author discloses the customary lack
of knowledge of a 'business that has
been worked up from nothing In less
than twenty years. Mr. Edgar says:
Singularly enough, the Pacific Coast miller
is skeptical as to the possibilities of the Ori
ental flour trade, or be affects skepticism of
it in his public utterances on this subject. This
despite the. extraordinary growth of the Chinese
export four trade. It is possible that he as
sumes this position In order to quiet the am
bitions of his competitor In the Northwestern
States, who is ever alert to discover new mar
kets for his flour. Thus far the Pacific Coast
miller has had the control of the American
flour trade In China and Japan, but he bos not
shown, the same zeal and enterprise in exploit
ing It as the Northwestern millers displayed In
building up their European business.
This is a direct reflection on "the en
terprise of the Pacific Coast millers that
Is entirely unwarranted by the facts.
In no other line of goods going to the
Orient has there been such a fierce com
petition waged as has been going on be
tween the Pacific Coast millers oper
ating in the Orient The big firms In
the business have men all over the Ori
ent pushing their flour. and endeavor
ing by every known method to Increase
its sale. That they are not only keep
ing close up to the limit of possibilities,
but are actually going beyond the safety
point in expanding their trade, is shown
by the failure of no less than ten na
tive flour merchants in the Orient, who
were caught by the hot weather with
larger flour stocks on hand than they
could get away with. The aggregate
losses by the Hong Kong flour mer
chants for the past twelve months have
been nearly $1,500,000, which would indi
cate that the Americans, Instead of
being too slow in extending their flour
trade had, on the contrary, sold more
than was required.
In overselling the market the Ameri
cans have not always escaped un
harmed, and It will require the profit
on several millions of barrels of flour
to enable some of the Pacific Coast mill
ers to even up for the losses they In
curred in pushing trade in the Orient
At the same time, they are keeping the
far East well "policed" by a big force
of salesmen, who are continually step-ins
oyer th border of civilisation In
their eagerness to extend the operations
of their employers.
The Eastern millers have an errone
ous idea regarding the Oriental flour
trade. Aside from the Immense quan
tities of last year's shipments which
spoiled on the hands of the since bank
rupted Chinese firms, the increase in
shipments was practically all due to the
advent of thousands of Europeans and
Americans who would have nothing but
wheat flour. The average Chinaman
cannot afford to eat wheat flour except
rat rare Intervals on holidays, when he
consumes a small amount In the form
of cakes and confectionery. The trade
of the men, both yellow and white, who
can- afford it, is being very closely
watched and pushed to the limit by the
men who have developed and nursed it
from Its inception. The field Is open,
however, and the Eastern millers might
learn something to their advantage by
trying to show the unenterprising Pa
cific Coast miller how the trade should
be handled. The experiment will teach
them the difference between Asiatic
and European customers.
TWO KINDS OP MERGER.
The Burlington Railroad has made
most gratifying progress under North
ern Securities control and Mr. J. J.
Hill's management Its gain for the
fiscal year Is 59,000,000 over last and
this 13 no doubt accounted for correctly
by the New York Financial Chronicle
as largely due to the traffic brought to
the Burlington through its new connec
tion with the Northern roads.
When the Burlington & Quincy was
acquired in the Interest of the Great
Northern and Northern Pacific com
panies, it was plainly stated that
the purpose of the acquisition
was to enable Mr. Hill to carry
out plans having in view the distri
bution in Burlington & Quincy terri
tory of a large amount of traffic origi
nating In the Pacific Northwest, and to
provide generally for an increasing exr
change of traffic between the two sec
tions. This business Mr. Hill has de
veloped with great assiduity.
So far, so good; and one can even as
sent to the thinly disguised argument
the Chronicle has In view namely, that
all this prosperity Justifies the merger
In Its acquisitlon.of the Burlington, and
demonstrates the Burlington's own fe
licity as one of the mergees, so to
speak.
But it is fitting to point "out that
Northern Securities is something more
than an acquisition of a connecting
route for traffic originating In the Pa
cific Northwest That Is, we must hold
it accountable, not only for perfecting a
through traffic route from St Louis,
for example, to Puget Sound, but also
for a most palpable destruction" of com
petition between two trunk lines that
belt a tier of five great Northern States
for a thousand miles.
This Is the essential difference be
tween the Hill merger and another type
represented by the Harrlman acquisi
tion of the Central Pacific or Mr. Hill's
own undertaking with the Erie. Noth
ing has occurred to indicate that the
distinction here noted will be over
looked by the United States Supreme
Court in passing' upon the St Paul de
cision. LIGHT FROM THE SOUTH.
If the South doeB not solve Its vexing
political and social problems happily for
itself, It will not be .due to lack of
brains, high Intelligence and Intellectual
honesty on part of its leading scholars
and educated thinkers. During the last
twenty years the ablest and fairest dis
cussions of all the great historical con
troversies that preceded the war and all
the grave issues that date their birth
from that great struggle have been
written by Southern men, some of whom
belonged to the generation that fought
In the Civil War, and all of whom were
Identified by ties of blood, social and
political sympathy with the cause of
the Southern Confederacy. Southern
men of literary quality have more in
tellectual -courage, both In thought and
expression, than Northern men. From
Woodrow Wilson, the scholarly presi
dent of Princeton, down to the brilliant
Journalist Watterson, the salient qual
ity of Southern thinkers and writers is
courageous frankness of speech. Wheth
er a Southern man is a conservative or
a radical, he has that saving grace de
fined by Lowell's Yankee when he says,
"I do like a man who ain't afeard."
The Sewanee Review, which issues
Xrom the Protestant Episcopal Univer
sity of the South at Sewanee, Tenn., has
always dealt with questions growing
out of the war In a Judicial spirit and
great enlightenment of view, its origi
nal editor, Professor W. P. Trent never
hesitated to point out the evils of slav
ery and the feudal system of society to
'which it gave rise. The editor of the
South Atlantic Quarterly, published at
the seat of Trinity College, Durham, N.
C,. Is Professor John Spencer Bassett
who holds the chair of history and po
litical science In this Methodist Institu
tion. In the July Issue of the Quarter
ly Dr. Bassett has an article, "Two
Negro Leaders," In which he compares
the methods for the elevation of the
negro advocated by Booker T. Wash
ington and William F. Dubol3, the
able president of Atlanta University.
Dr. Bassett is a native of North Caro
lina, born two years after the Civil
War. Dr. Bassett describes these negro
leaders without a tinge of race preju
dice as both men of fine morals, excel
lent training and honest purpose, who
are both contributing greatly to the
progress of American negroes. Booker
Washington Is the son of a slave
woman, Is self-made and owes his pre
liminary education to an Industrial
school. Dubois was born In freedom in
Massachusetts, is a graduate of FIsk
University, is a brilliant representative
of "the most intellectual side of the life
of the American negro."
Booker Washington believes that the
advancement of the negro will come
best through gradual economic progress
and the establishment and nourishment
of friendly relations with the white
race. He would not resist the disfran
chisement of the negroes, would have
them let politics alone and seek to ac
cumulate wealth through .Industrial ef
fort Dr. Bassett while he recognizes
that Booker Washlngtoiurepresents the
negro in his industrial career, neverthe
less has a warm word of welcome for
Professor Dubois, who In his book,
"The Souls of Black Folk," cries out
against the discrimination under which
his race is compelled to rest Dr. Bas
sett 'says "It is the cry of a man who
suffers rather than the reproach of a
man who hates; It Is a plea for soul
opportunity." Professor Dubois", In
hostility to Booker Washington's gos
pel of material wealth, says the soul Is
more than the body, and the. only hope
for the negro Is In the higher life, In the
development of culture. The remark
able thing is that a Southerner, Dr.
Bassett, supports Professor Dubois In
this contention, saying that if the white
race needs higher education to develop
Its own leaders, the argument Is equally
good -"applied to the negro race. Dr.
Bassott holds that the exceptional negro
does exist, and for him the door of op
portunity ought to be open.
The noteworthy thing is that this elo
quent remonstrance of Professor Du
bois against the discrimination of race
and color under which the negro rests
has nowhere at the North- received so
Just and liberal treatment as It has ob
tained at the hands of this North Caro
lina professor, who expresses hearty
contempt for "the crude animalism of
passion-wrought masses" who sweep
lngly pronounce the negro a beast, as if
"a beast" could write a book like Pro
fessor Dubois' "The Souls of Black
Folk." Dr. Bassett does not specific
ally point It out, but of course could
not have failed to notice that Dubois,
the most purely intellectual and most
gifted negro In matter of literary power
In America, always writes In the spirit
of despair concerning the future of his
race, while Booker Washington, slave
born, a .man of outdoor action, an or
ganizer rather than a pure thinker, Is
always optimistic. He Is always hope
ful when the skies are .blackest He
believes that his system of industrial
education will solve the negro problem
and make both races so Indispensable'
to each other that they will be able
to live side by side In peace and humane
order under equal law.
This difference between the two men
Is not difficult to explain. Washington
is not an imaginative man. He was
near enough to slavery in his youth to
feel that a vast advance has been made.
He has the sanguine, hopeful temper of
the average Southern negro, while Du
bois is'really a white man by his educa
tion, by his early environment In a free
state. With all the acquired! tastes and
intellectual aptitudes of a New England-educated
white, Dubois is obliged
to live in the atmosphere of black folks
much of the time, and he naturally finds
his spirit rebelling against the impreg
nable race excluslveness that bars the
upward aspiration of able and gifted
men of color. Had he been born In
slavery and grown up under the shadow
of Its blighting environment, he would"
see more ground for hope In the present
advance, and would become more of an
optimist like Booker Washington, and
less of a pessimist than he Is today.
Frederick Douglass, born In slavery,
was always cheerful and never cynical
concerning the future of hl3 race, for
like Booker Washington he -was a man
of affairs. His first Industrial school In
freedom was. a ropewalk, while Dubois
is a man of academic rather than in
dustrial training.
The proposition to fill the streets be
tween Union avenue and the 'river Is
one that sooner or later must be favor
ably considered. The area of river
frontage that -lies practically idle be
cause of the low strip of land that ex
tends along the east bank of the river
Is considerable, and Its position Is too
valuable to permit the continuance of
the conditions that render It untenant
able. At present, with Its swaying
bridges, dilapidated buildings and the
reek and rot of all noisome things that
cover It, it is as unsightly and unsani
tary a stretch of river front as one
could welL Imagine. It Is Important,
however, that the equities should be ob
served in the matter of property rights
and benefits when this fill is ordered.
Many of the gulch lots were acquired
for trifling sums years ago. The taxes
upon them have never been Jarge, and
the fill will render them, relatively
speaking, immensely valuable. The
owners, for the most part are men who
could afford to hold them for the large
increase In value that the fill will Insure,
and who have thus held them. These
facts suggest a careful consideration
of the' question when the apportionment
of the cost of the fill Is made, to the end
that Injustice may not be done to property-holders
who have all along borne
the brunt of street improvements on the
East Side.
The newest thing under the sun is
the lnoaulation of the soil with bacteria
that enables plants to absorb nitrogen
from the air. The United States De
partment of Agriculture Is accredited
with the discovery, cultivation, process
of suspended animation, packing and
shipping to farmers In bulk these nltro
breaklng bacteria that are to put stable
compost, guano and other fertilizers,
domestic and Imported, out of business.
Worn-out soils will be rejuvenated by
this Inoculation, and the farmer is con
fidently promised an increase In crops
of certain kinds of from 100 to 1000 per
cent by the intelligent inoculation of
their soils. The last thing on earth that
ever perspiring humanity expected was
a recipe, duly certified by the Govern
ment for "farming made easy." Main
strength was so long the only fac
tor used In farming that even now, not
withstanding the tremendous advance
made In this direction, propositions In
scientific agriculture are looked upon by
many as merely a series of costly and
more or less doubtful experiments.
They are demonstrable facts, neverthe
less, and may be hailed as a mighty
step In the gradual evolution of the old
est of Industries, the primitive stage of
which was represented by Markham's
"Man With the Hoe."
Queen Alexandra, as Princess of
Wales, was always popular; as Queen of
England she Is not less so. Her gra
clousness, her tact which causes her to
conform delicately even-in the material
and garnishment of her dress to the
sentiments and traditions' of the peo
ple' of whatever section of the British
Empire she Is in, her quiet dignity and
extreme friendliness, are strong points
in her favor. If King Edward had vis
ited Ireland without his consort, his
welcome would have been stiff, reluc
tant and ungracious. With her it has
been an ovation. Briefly stated. Her
Majesty knows how to wear the sham
rock, the rose and the thistle with ef
fect; to gown herself in English stuffs,
Scotch stuffs and Irish stuffs upon oc
casion, and to secure a welcome in any
part of the British Isles by following the
dictates of her own resourceful, tactful
nature.
The law of March 3, 1903, "to regulate-
the immigration of aliens into the
United States," which was -enacted as
the result of the assassination of Presi
dent McKlnley, went into effect on
July 3. The State Department has con
strued the law as requiring the rejec
tion of all certificates of naturalization
Issued after July 3, which do not set
forth, as required by the act In ques
tion, that the person naturalized is not
opposed to all organized government,
nor affiliated with any organization so
opposed, that he does not advocate-the
unlawful assaulting or killing of offi
cers of government, and has not vio
lated any of the provisions of the act
This seems to be about as far as law
can go In exclusion of anarch lets.
MYTHOLOGY OF WAtL STREET.
New Tork Evening Post '
Wall Street, we arc "told. Is, above all
things, hardheaded. There calculation
rules, and leaves no place "for sentlmen
tallsm, much less for superstition. But
so gross a "vulgar error" 13 the foregoing
that it requires the attention of a new Sir
Thomas Browne. Far from being skep
tical and self-sufficient Wall Street Is
a very nest of peculiar superstitions.
It has a truly medieval tendency to ox
plain all phenomena, not as workings of
natural law, but as the result of the di
rect Interposition of vague personalities.
In good times this mythology Is generally
monotheistic, presupposing the benefi
cent working of a single dlety; lrj bad
times it is polytheistic,- imagining the
maleficent activities of a host of dia
bolical powers.
The case has been very completely Il
lustrated In. the rising market of 1901-2
and the falling market of true past few
months. The two phenomena admitted
of very simple explanation. A specula
tive furor resulted in enormous loans,
bolstered by Insufficient collateral. It
occurred to nobody that these loans
would not pay themselves. Pay-day ar
rives with the familiar efTects of forced
liquidation. 'Sale of collateral to light
en accounts forces down Inflated prices
the pinch becomes extreme, and good se
curities are thrown out to save bad. So
almost automatically the market Is
forced down, till the loans have been paid.
Personal responsibility attaches to those
who' fostered wild speculation and mndo
foolish loans. Who upset tho apple
cart Is an Idle question. What we
wish to know Is, who left the fragile
receptacle of our credit in the runway
of the bulls and the bears? So a ra
tionalistic Wall Street would argue. ,
But Wall Street prefers the medieval
way. In the Middle Ages war was rarely
attributed to Inordinate, personal am
bitions, or pestilence to neglected filth.
More .picturesque explanations gave dig
nity to such calamities. A portentous
comet had appeared In the sky, witches
and warlocks disturbed the peace of the
faithful, Satan prowled about in mys
terious and manifold form3. Whoever
has read the. comments of the press on
the great fall in prices, or has talked
with perplexed speculators, will porcievo
how little these superstitions have waned.
The talk has been chiefly of mysterious
bears. AH day and all night Ursa Ma
jor and Minor glower threateningly in
our financial heaven to the extinction of
all auspicious constellations. At every
step wo shudder at the apparitions, dim
ly discerned, of great operators w"rfi aro
casting a spell upon prices. When theso
witches and warlocks disappear in tho
downtown chimneys. more formidable
figures come riding on the wind. In
the constant rumors of "warring giants"
we recognize a very familiar motive of
folk-lore and mythology. Some Thor of
the Street, we are assured, has smitten
his fellow, and Wall Street has rocked
with the crash. Other heroes In the lfl
heim of back rooms are exchanging
thuunderbolts from afar, and carrying
down mere earth dwellers (In tho front
rooms) in the death struggle. Naturally,
those who believe the devil's In the mar
ket reject simple remedies. They want
not a doctor or a confessor, but- an ex
orclser. They trust that Taurus In the
ascendant will banish thtf bears from the
skies, and they hope that some St
Patrick wjll come to Wall Street to ex
pel tho reptile brood that Infests the mar
ket One cannot quarrel with so naive an an
thropomorphism, all the more so because
this vley of adversity lends a touch of
human nature to the haggard visage of
baffled speculation. It would be unkind,
too, to point out to our hag-ridden com
munity that its fair weather mythology
was quite as grotesque as its foul weather
superstitious. The belief that a specula
tive tide would never ebb was no more of
divine inspiration that the notion that
by assembling Btrong men you may sweep
the retreating tide back upon the high
water mark. The . Wall Street provi
dence In which men trusted In flwsh"
times 13 as" false a 'god as the hierarchy
of demons in the day of disaster are
creatures of a perplexed imagination.
In all this matter a. cool observer would
see merely the rather painful reduction
of a dropsy Induced by the most ordinary
neglect of the laws of commercial health.
If Wall Street could be brought to
take this view of Its own case It would
undoubtedly acquire a steadier habit
A little healthy scorn of the witch doc
tors would lead to a salutary suspicion
of the overweening promoter. It max
bo doubted, however, whether Wall
Street Is capable of turning adversity to
these sweet uses. We see even In great
financiers that curious shortness of vis
ion which has frequently been remarked
in men of affairs. Where one's thought
does not run beyqnd a single flotation
of securities, necessarily the Incidental
matter of footing tho bills is not vividly
present to the mind. Flushed with great
transactions to be quickly closed, the
financial mind forgets that the money
may shrink to nothing as it passes, liko
a bank bill in a conjurer's palm. -Naturally,
the speculator who plays for the
dally fluctuations of the market comes
to be a superstitious believer In the occult
powers that determine fractional changes.
Such superstition is strangely widespread
among more intelligent speculators and
investors. .They, too worship the idols
of the trading room. A disconcerting
apparition of these paying-the-plper days
Is the great financier whose credulity
seems unbounded, but whose financial
fmagination can bo measured by a roll
or two of ticker-tape.
For "liiuit, Leant Lnmp of CornX."
New York Press.
The little cruiser VIcksburg has been
"showing" tho flag" among the Tayeyama
and Lu Chu Islands, which fell to Japan
after the war with China, and has been
enthusiastically received by the Inhab
itants of this little-frequented archipel
ago, who are desirous of entering into
trade relations with this country. Though
at present rather thinly populated, tho
Islands are growing in commercial Im
portance, and their Inhabitants rapidly
Increasing in numbers through Japanese
Immigration.
The VIcksburg is the first American
man-of-war which has been seen in tho
waters of the archipelago for half a cen
tury. It was a good Idea to send one or
two of tho ships of the VIcksburg class
cruising among the other Islands of tho
Pacific where now the flag of the United
States is seldom or never seen. That
trade follows the flag Is a true maxim,
and such trips as these would hasten the
day when the United States must fulfill
Its manifest commercial destiny In the
Pacific and supply to every native of
every isle of coral and of palm set in the
shining seas a calico Bhlrt and a Water
bury watch.
A Rhapsody on Pie.
Boston Transcript
Is there any one article in current
menus more popular than the blueberry
pie? As for that. Is there one that is
more deserving of popularity? To bo dt
its best there should be less than an hour
between the time of its taking from the
oven and the Instant that it goe3 to
table, as every one knows. Then the
crust should be of the flakiest kind,
browned to the point where golden
streaks yet linger In it and the berries
themselves want no spices to proclaim
them. In them, as any true berry-lover
will tell you, you find hints, delicate and
subtle, of all the1 fragrant things that
grow in pastures near them, especially of
sweet fern. Oh, they are not pronounced,
of course, these flavors. They are merely
suspicious nothing more. And sugar, of
course, there must be sugar in a berry
pie, and over it if you like, cream. You
will like it undoubtedly, and It's quite
worth the nlght'B sleep that eating it may
cost you, too.
Xectar.
New York' Herald.
A ,dash of bitters In a crystal cup.
Some ice and good Old Tom to fill it up,
A swipe ot lemon peel about the rlra,
Take ea of theso o&d all tho. world's a Ecus.
S'AilESWEETXESS; BIGGER PACKAGE'
- Lady's Pictorial..
There is no disguising the fact the
modern woman is tall, and the. little,
woman of former days has completely
faded out of sight You have only to
cast your eye around at any public gath
ering and you cannot fail to perceive
that the average height of .the 'modern
maid Is somewhere about 5 feet 10 Inches.
Take any assembly, such as a theater,
and you cannot fail to perceive the enor
mous attitude which has been attained
by her royal highnes woman and her
increasing dignity of deportment
If a woman was tall In early Victorian
days she used to try to conceal her
height; she would wear a little flat bon
net and a fehawl and take the arm of the
man she was walking with, stooping if
she were taller than he.
It was the fashion In those days for
the women to be drooping and die-away,
just a? It was correct later on for them
to be tiny and frivolous.
What has become of' tho Httlo woman
who used to shake her ringlets and say
that she couldn't understand figures.
What has become of the child-wife, with
her poodle and her guitar and her total
Inability to grasp the rudiments of arith
metic? "Little" was the greatest term of en
dearment In the days of Dickens and
Thackeray, and "just as high as my
heart" was the favorite description of the
diminutive.
But the tiny woman has gono out of
fashion in fiction, and she seems to have
almost disappeared from the world.
If you go. to the theater you will see
heroines of such gigantic proportions that
the leading man has to be careful never
to stand in a line with them. All through
the business of the scene you will notice
him standing a little behind the her6
ine, so that their relative heights shall
never be easily perceived.
I went to a new play at a fashionable
theater recently, and whn was the first
thing I saw? A stage Ingenue nearly six
feet hlghf And she had exactly the samo
kind of a part as though she had been
the diminutive type of actress wo are
used to; she laughed and giggled, and
made tho same kind of remarks those
Innocent sayings that make every one
so uncomfortable she put on the cor
rect "gingerbread rabbit" expression
when anything went on which she was
not supposed to understand, and she
never came into a room or out of it in
the ordinary way, but ran In or out
coyly and skittishly, as though she were
a baby of 5. '
She was by way of being rather a
naughty girl and had a passion for play
ing cards for money. When she was
winning she rushed off the stage, looking
like Atalanta running a race; when she
lost she was reduced to floods of tears,
and, burying her face In a pocket hand
kerchief, whilst a little man of about
half her size read her a severe lecture.
She was reduced to ashes by this lecture,
much to the surprise of the audience, who
had expected every moment to see her
get up and shake him for his impu
dence, or carry him out bodily by one
arm.
Sec Better nt te Distance.
Baltimore Herald.
After digesting all of the fact .and Ac
tion concerning the so-called Manchurian
question printed by some of the heavy
weight New "Xork and London dallies, it
Is Interesting to turn to the newspapers
nearer the scene of the fray to see what
they think of It The editorial prophets
of America and England write long "lead
ers" predicting (a) that Russia proposes
to gobble Manchuria, (b) that Russia will
withdraw,, (c) that Russia has already
finished the gobbling, and (d) that sho has
not Over in Hong Kong, Shanghai and
Kobe they know more and prophesy less.
The Hong Kpng Press, the North China
Herald, the Kobe Chronicle, the Shanghai
Mercury .arid the Nagasaki Press have
men on. the spot, and these men-know tho
country and the people thoroughly. Their
conclusions,, in consequence, are 'mbder
ate, and they are1 not. long on predictions. '
The Hong Kong Press, the' leading .news
paper of the far East recently epitomized
far Eastern expert opinion in an editorial.
Stripped of verbiage, this editorial said (a)
that no one, not even the Russians, knows
what Russia proposes to do, and (b) that
no one, not even the Emperor of China,
knows what the powers will do when
Russia does it This is the situation in
a nutshell. - .
Will Take Houne Xext.
New York Sun.
A man who is about to move to Europe
for the season with his family, taking
most of his effects along, was telling a
friend about it The friend was much sur
prised. "It seems to me," said the friend,
"that the expense of packing and of
freight would be more than the whole out
fit is worth, and . the trouble would bo
greater than both."
'That's just where you aro mistaken,"
answered the man who Is about to move.
"A van calls at my' residence, my goods
aro loaded Into It, and the next time I
see them they aro set up in my apartment
in London. It is done in this way: At
tho steamer the van is lifted bodily from
tho truck wheels and stowed away In the
hold. The packing, firm's agents on tho
other side call for It, put it In running
order and deliver the goods at the proper
street and number. It's no more troublo
than changing a residence in this city."
Ilellattered Nalmnt.
Hartford Courant
Much salt water has splashed on the
ledges and beache3 since the Indian sa
chem of legend sold Nahant to the pale
face for a pair of breeches and a jug of
rum. If a descendant of that palefaco
tried to buy an eligible building lot In Na
hant now, the price asked would convince
him that times have changed and values
have "riz." This has. been a great week
for the Nahanters; greatly have they en
joyed it Their townsman. Senator Lodge,
procured all the National vessels within
reach to grace their holiday and told them
in his oration that "those who love Na
hant feel toward It as the Roman poet
felt toward his beloved SIrmlo"; the Lieutenant-Governor
of tho Commonwealth
told them that Nahant "lies girt In the
gray arms of old ocean, a village of the
sea"; and the Governor and Captain
General told them that Nahant is "a
gem." Blushing, happy Nahant!
Declnmatory Dust.
New Orleans Times-Democrat
A dusty book proclaims one of two
things either the absence of any merit
of its own, or the absence of any merit of
its owner.
The Honse Meautitul.
n. L. ' Stevenson.
A naked house, a naker moor,
A shivering pool before the door.
A garden, bare of flowers and fruit.
And poplars at the garden foot: '
Such Is the place I live in.
Bleak without and bare within.
Tct shall your ragged, moors receive
The incomparable pomp of 'eve,
And tho cold glories of tlfe dawn
Behind your shivering trees be drawn; -
And when the wind from placo to placo
Doth tho unmoored cloud .galleons chase.
Tour garden blooms and. gleams again
With leaping sun and glancing rain;
Here shall the wizard moon ascend
The heavens, the crimson enc
Of day's declining splendor; -here.
The army of the stars appear.
Tho neighbor hollows, dry or wet.
Spring shall with tender rowers beset;
And oft the morning muser see
Larks rising from the broomy lea.
And every fairy wheel and thread
Of cobweb dew bedlamonded.
When daisies go shall Winter tlmo
Silver tho simple grass with rime.
Autumnal frosts enchant the pool
And mako the cart ruts beautiful.
And when snow bright tee moor expands.
How shall your children clap their hands!
To make this earth our heritage,
A cheerful and changeful page,
God's Intricate and bright devlco
Of days and seasons' doth suffice.
J NOTE AND, COMMENT. ,
Tho asphalt suit seems tp wear. well.-'
The Free Food League of Great Britain "
is not affiliated with the Free Lunch
League of America. . "
Hush, little Eajterner, don't you cryp
You'll bo an angel by and bye.
Then If a skeeter you should spy,
You could flap your wings, and away you'd fly.
It seems hard that a man may not as
sault tho tailor that sends him trousers
so small that they won't go on. He ap
parently can't pull on the trousers or pull
off a fight
Two burglars broke into a saloon in New
York, and packed up a quantity of -whiskey
to take with them. Burglar "No. ' 1
wanted to drink somo before they left as
he thought they could by that means,carry
a blgfc'er load. Burglar No. 2 thought they
had enough, so he shot and killed his
mate. Thus does the temperance crazo
make fanatics of us all.
It Is an ornamentless crowd that disem
barks here from "the Sellwood cars' these
days. The women wear no jewelry, and
watches' are missing from the men. Gold
chains are absont from the bosoms they
once lay upon, arid sxfety pins perform the
work once done by glittering brooches.
Why this thusness? Have the- people of
Sellwood embraced some austere religion
that condemns geegaws as the Hvery ot
Satan? Or have they sold their gold and
precious stones for money to squander In
tho varied joys of the carnival?" ' None of
theso things. The fame of Portland as a
rendezvous for men of strong arms and of
light fingers has reached unto Sellwood,
and the Sellwoodlans, when they visit tho
metropolis, leave behind their valuables.
It was only two days ago that wo had
occasion to tell of a Pittsburg fireman who
rescued a girl from a blazing house,; and a
few weeks later was ledby her to the al
tar. Now a similar case comes to pur no
tice. George Baldwin, "a prominent gro
cer of Dallas City, 111.,'-' dived Into the
Mississippi some time ago to rescue an
apparently drowning girl. He reseued her,
of course. Now the girl has arranged ev
erything for the wedding-. All this- goes
to show that a man cannot be too careful
in giving way to the rescuing 'impulse.
When you see a damsel In apparent dis
tress, remember the Pittsburg fireman and
the Dallas City grocer. Should you see a
girl with golden hair floating down the
Wlnamette and feel that you just must
rescue her, secure a couple of reliable wit
nesses. ' Tell them before you dive that
you will recognlzq no claim on the basl3
of gratitude or finger of fate or anything
else. Then so ahead with your rescuing.
The Tvro Tipplers.
I'm sure," outspoke a dainty lasa .
There never was dlvluer
"You men must swallow, glass by glfaa.
Enough to float a liner.
It's beer and beer
Hour after hour.
And whisky clear,
And whisky sour, .
And things that fizr.
And things that don't; -No
man there Is i '
Can say I won't.' " . '
f A lltflo later, "Just by chance, '
I In a drugstore found her.
And with a comprehensive glanco
Took in what lay around her.
The table bent
Beneath Ice cream, ' : ,
. And "soda went 1
In constant stream-
, -Pineapple pearfm to,r
.A giois of each V.
jfakea-up anair.
The dainty lass.
She never shrank, .
Let nothing pass, . , J
But drank and drank. 1
I rose to go
A nip to get.
For all I know
She's drinking yet.
How f
The birth of another son to Grover
Clevoland. npw in his 67th year, may .help
to solve the much-mooted problem what
to do with our ex-Presidents. Omaha-Bee.
A Lay of the Carnival,
Confetti In my pockets,
Confetti In my hair, "
Confetti In my whiskers, i
Confetti everywhere.
V 7'
Confetti on the sidewalk,
Confetti on the street;
Confetti thrown, in handful3
By everyone you meet.
Confetti In my stockings,
Confetti in my shoes;
Confetti In the "wlttles,"
Confetti In the booze. . i
Went up to a bar-keep
Friend says: "I'll take beer,"
Saye I, absent-minded,
"Confetti cocktail hero7"
Confetti in the atmosphere;
Confetti In-the bed
Pink and blue and yellow, .
Green and white and red.
Cut In squares and diamonds,
Purple, orange, buff.
Confetti all around me
I hate tho blooming stuff.
Frrid I'm going bughouse,
But this Is mighty plain,
Jt anyone should ask you
I've confetti on tho brain. "
1
G.T.,
PLEASANTRIES OF FARAGRAPHERS
Subeditor Here's another Philadelphia poli
ticlan caught robbing tho city. Editor Put it
under the heading. "Another ghoub caught rob-J
bing tho dead I" Judge.
"I see in the paper that a widower with' nine
children out In Nebraska has married a widow
with seven children." "That's no marrlago.
That was a merger." Puck.
Blobba Hardupe says he has been disap
pointed in love. SJobba Yea: he was laboring
under th delusion that the girl he was en
gaged to had money. Philadelphia Itecord.
Two secrets only women hath; concerning
. these she's sage;
One-half her life she hides her loves the other
half ,her age. Detroit Free Presa.
"So your daughter Is engaged to the titled
foreigner?" "I don't know that she's exactly
engaged," answered. Mr. Cumrox. "But I think
I may say we have an option on him.";
Washington Star.
She (doubtfully) Have you really" told me o
all the sins you ever committed? He (stoutly)
Yes. All. She (sorrowfully) Then I am not
worthy of you. Farewell for for forever. .
New York Weekly.
The professor of history In tho Great Re
bellion, how many soldiers fought on the Union
slde7 Tire pupil About 15,000,000. "Great Scott,
man! You must have got your Information,
from the pension lists!" Life.
Host (pairing off his guests) Mr. llakla
brakes, you will please take Miss Gumwell out
to dinner. Mr. Maklnurakes Certainly. But,
great Scott, where? Don't you have dinner hera
In tha house? Chicago Tribune.
Willie Boerum Pa, what's tho difference be
tween news and gossip Mr. Boerum Well, my
son. whenever your mother tells anything to
anyone it's news, but whon anyone tell3 her
anything It's gossip. New York .Times.
So sweet of her! Lady (recently married. In,
answer to . congratulations ot visiting lady
friend) Thank you. dear. But I still . find It
very hard to remember my new name. Friend
Ah, dear, but of course you had the old. ono
so long! Punch.
Mamma Don't be so, selfish.' Let your baby
brother play with your-marbles a Uttlo while
Tommy But he's had six. ot them and kept
them. Mamma Oh, he'll give them to you
again. Tommy I think not. ma. He awaikmcd
'em. Glasgow Evening Times