PAGE" TWO.
ASTORIA, OREGON, MONDAY, DECEMBER 28, 1903."
The Daily Astorian
AND
Astoria Daily News
. Ettablithed 1873
DAILY, EXCEPT SUNDAY.
Entered as second-class matter De
ember 8. 1903, at the post office at
Astoria, Oregon, under the act of Con
grees of March 3, 1879.
' - RATES)
Bent by mail, per yaw. $6 00
Bent by mail, per month 60
ftarverifbv carrier, oer month . 60
THE SEMI-WEEKLY ASTORIAN.
Bent by mail, per year. In advance Jl 00
' ASTORIAN PUBLISHING CO.
WEALTH OF OUR FINANCIERS.
The P.-I. considers it remarkable
that the public should have been so
poorly informed as to the fortune of
the lamented Collls P. Huntington
whose wealth was estimated by news
papers from $100,000,000 upward, and
by Wall street at about $50,000,000,
when, as a matter of fact, the value
of his estate, as recently appraised,
was $37,390,811. The Seattle paper
likewise points out that there was
widespread misinformation as to the
extent of Mr. Huntington's holdings
In various corporations. While he was
generally believed to own a very con
siderable portion bf the stock of the
Southern Pacific, his actual holdings
were but $13,000,000 (par value.) The
total capitalization of the company Is
$200,000,000. ' He was credited with
having control of the Pacific Mail
Steamship Company, but In reality
owned only half a million of its bonds.
In the Oriental & Occidental Steam
ship Company, he had only $100,000
interest, although the impression was
general that the property was in his
control.
, There is nothing so very remark
able about this misbelief which has all
along prevailed, for Mr. Huntington
was one of the nation's greatest flnan
tiers, Cnnrnrnn in which he was In
terested profited by his advice, and
consequently were suceessfull. Owing
to his reputation', statements of hi
control of different companies were
not denied, for obvious reasons, and
the people quite naturally gained the
Idea that he was even more largely
Interested than he i really happened to
be.
That Mr. Huntington's fortune was
only $.17,000,000 was, it must be con
tensed, ' surprising, in view of the gen
eral belief that he was ' worth be
tween $50,000,000 and $100,000,000;
but appraisement of the estates of
several of our present-day capitalists
would doubtless disclose similar mis
information. The man with $5,000,000
of ,$10,000,000 is very wealthy, and the
public makes little distinction be
tween him and the man worth five
times that much. They are both
financially capable of any undertak
ing, nnd as a rule will be found oper-
atlng together Perhaps, if the truth
were known, only one American Is
really possessed 1 of the vast wealth
with yhlch he Is credited. John D.
Rockefeller Is fabulously rich. His
dividends from Standard Oil in five
years have aggregated $90,000,000, ac
cording to reports of the company,
and it Is believed he must surely be
worth $500,000,000. J. P, Morgan's
wealth is probably over-estimated,
particularly because of the fact that
hi, is a financial agent.
Many men worth only $250,000 find
It, Very difficult at times to estimate
htr own wealth, nnd the probablli-1
tie are that Mr. Huntington little
notes. The question most often ask
ed at these gatherings was: Does the
president fear that race suicide has
a hold on the army and navy?" In
the army and navy homes not blessed
by any offspring there was resent
ment at the query. Everyone In Wash
ington was talking about the matter,
and the correspondents of those news
papers which are devoting i consid
erable share of their space to attacks
upon the president were full of hope
that another opportunity was to be
presented upon which they could base
something to the injury of Mr. Roose
velt.
It would have been a cause of gos
sip tor some time, but, unfortunately,
an officer had the good sense to' In
quire at headquarters for an elucld
atlon of the mystery, which was
rather simple and not entirely unsat
Isfactory. Mrs; Roosevelt had de
termined to give a children s party
on December 26, to which all the
youngsters in diplomatic adminlstra-
tion and army and navy circles were
to be Invited. To make sure that
none of the youngsters would be ad
mitted, an inquiry, was addressed to
the army and navy departments, and
from there It was sent to the parents
of the children. A small sensation
was thus nipped In the bud.' Mrs.
Roosevelt carried out her part of the
program In fine style and entertained
about BOO litle ones at Christmas din
ner. .'
UNCLE SAM A "STAND-PATTER."
A British correspondent of one of
the New Torn newspapers declares
that many persons In London are very
much surprised that the American peo
ple are not throwing fits over the
strides that Mr. Joseph Chamberlain's
tariff project is making with the Brit
ish people, and he adds with all the
solemn gravity of a Judge that, "if
Americans really knew how strong the
tide was running in Great Britain to
ward protection, they would be Inquir
ing If, thrown making some tariff con
cessions to tha tcountry, it -would be
possible to hold the, market open for
American products on reasonable
terms." ; . , , . ,
Aside from the fact that a feeling ex-
Ists'on this side of the Atlantic that it
is always a wise plan to catch your
hare before attempting to cook It, the
correspondent in question seems to la
bor under the Impression that Ameri
cans are not accustomed to fighting
protective tariffs in the efforts to se
cure foreign trade, says the New York
Commercial., Germany France, Rus
sia, Austria-Hungary and every im-
pjrtant country on the globe now
maintain a tariff of this kind, and all
the headway that American products
have made In these markets has been
made In spite of this .barrier. The
United States, however, has never ut
tered any special complaint about the
matter. It has relied upon Its own re
sources, Its own push, Ingenuity and
enterprise, to overcome this dlsadvant
age. The chulice that it has commend
ed to other countries it has taken to
Its own Hps.
It Is to be borne in mind, also, that
one nf the effects of Mr. Chamberlain's
scheme, should It be adopted, would
be a general enhancement of prices
to British nnd colonial consumers.
Unless this result followed, It would be
no more profitable for Great Britain
and her dependencies to engage In the
clu of Industries that It Is proposed
to protect1 than It Is at the present
time; and should such a result ensue,
the ability of the United States to com
pete In those markets Is not likely to be
materially less than it Is now. On the
contrary, it is pretty certain to serve
as a sharper Incentive to American
effort and skill.
If any Britishers are disposed to
doubt this fact, they are respectfully
Hferred to Germany,
educational act. It has erected 500
new public buildings, covering a
square mile of valuable land, distrib
uting them In everyone of London'
58 electorial divisions, four to every
square mile of the city's surface. The
outlay was about $70,000,000, and they
are by tar the most Important of the
municipal assets. The work has been
going on for 80 years, with constantly
improving educational conditions, and
seems now to be pretty thouroughly
equal to the service required of It
It gives more than elementary in
struction; pupns una classes open
to them in literature, science, art, tec
hnology and the like, with lecturers
and teachers who are expert In their
respective branches. At six, of the
polytechnics the highest classes have
been Included in the reorganized Lon
don university, with Its 600 profes
sors and Its 25 constituent colleges,
constituting a center of . academic
teaching and research not unworthy
of the great city which It serves. "By
its Inspection of schools and Its new
school leaving matriculation examina
tion it stretches down its roots to the
secondary schools, from which it 1:
attracting a steadily increasing num
ber of undergraduates."
Former Lieutenant-Governor Edward
F. Jones of New York he of " "Jones
he-pays-the-freight" fame now 71
years old, and blind at that, has just
completed his first novel, entitled
Richard -Grafton." The, story deals
with rural life some generations ago.
When all ihe circumstances under
which it was written are considered,
it is said to be an exceedingly clever
production, especially as Mr. Jones
has been a business man nearly all of
his life. It is this same Edward F.
Jones who, 40-odd years ago, led the
Sixty'' Massachusetts volunteers
through Baltimore when it was" fired.
upon by the mob, and the first blood
was shed in the Civil war.
Th-? Cbrint'vas .number of the Chin
ook Observer !s certainly a credit to
the publishers, Messrs. Hibbert and
Payne. , The cover is printed on a fine
quality of book paper and contains
handsome advertisements of Astoria
and Chinook merchants, as well as
views of the progressive little town
just across the river. In one corner
api ears an illusti atlon showing the ed
itorial room of the Observer. Just
above the head of Mr. Payne may be
seen a formidable-looking gun, but it
s doubtful if any particular signifi
cance attaches to this circumstance.
At that, hdwover, a line of prevention
is worth a column of cure.
knew whether he was worth the $100,
OOQ.noo estimate made by many or
tlis, $37,000,000 valuation-' Vlilch ap
jrajsiiujnt of his estate nhowed. , So
far as (!u' life Is concerned, it mat
ters little which of the two amounts
WiS correctly believed to represent
whnt Mr. Huntington was "worth."
There Is mighty small difference be
tween $37,000,000 and $100,000,000. i
'. f '
?! A SENSATION SPOILED.
Motile days since there was a mild
excitement in army and navy circles
In Wushliigton. Kneh resident army
olllcer who is married and some, by
th way, who are not received a brief
nofe . from the adjutant general's
olflce, containing the following query;
"How many children have you be
twen the ages of 6 and 16 T , !
The same Inquiry, it develops, was
sent Out through the navy department
to the officer of the navy.
As may be supposed, this query,
with ao explanation attached to It,
caused considerable commotion. There
was a gathering and . comparing of;
The postofflie department has issued
new 2-cent stamp that will replace
the ridiculed Issue now in use. The
most noticeable new feature is the an
aivlonment of the oval frame inclosing;
the head of Washington and the ad
option of a general shield design for
the background. : In the upper por
tion of the shield all but four of the
stars are' hidden by the inscription,
"United SUtes of America, Series
1901," and by ihe upter portion of the
framed engraving if Washington,
which also covers the greater portion
of the thirteen vertical stripes. The
figure "2," which has been placed at
each lower corner of the frame, Is en
circled by an ovil laurel wreath. The
three-quart r engraving of Washing
ton, which was so severely criticised,
has be?n replaced by an engraving of
the St'iart h?ad. Beneath this Is a
ribbon Hearing the Inscription, 'T7S2
Washintoa 1799." The new issue Is
more neatly executed than the old, and
has a darker tint. ' '. .
London aenda 800,000 children to
school, her ability to do ao resulting
from the efforts of her schol board
proceeding under the recently adopted
The United States is spending $16S,-
000,000 a year upon Its postal service,
but the receipts are within eight mil
lions of dollars of the expenditures.
Great Britain and some of the coun
tries upon the European continent In-
ulde the telegraph and telephone
systems under the management of
the national administrations, and al
so have parcel deliveries which are
formidable competitors against ex
press companies. Taking all these
things' Into account, the United
States postoffice department has been
expanded to dimensions far beyond
rivalry.
I
r
1
1
Christmas is Over
r
To stimulate business and reduce
stock prior to taking invoice we will in
augurate a series of special sales of
necessities. 7 & 'i
LADIES' UNDERWEAR, ALL WOOL, PINK
$1.25 reduced to 85c
This is a wonderful bargain for the start.
LADIES'
RIBBED
$1.00
WOOL UNDERWEAR
now 85c
SILK and WOOL, SWISS RIBBED, $1.40 to $1
Cream, Pink and Blue.
CHILDREN' WOOLEN UNDERWEAR
. reduced 15 per cent
Ladies' Flannelette night gowns $1.65 to $1.40
" ' " " $1.00 to 85c
Misses Flannelette night gowns 30c to 40c
61-2c - - Muslins reduced to - 5c
Great reductions in Suits and Cloaks.
To appreciate this come and see.
You know you always get the. best
value for your money here and when
we offer a reduction it means something.
Sixty per cent of the infant mortal
ity is caused by intestinal catarrh, and
in 90 per cent of all cases this ca
tarrh is caused, as the eminent German
bacteriologist, Dr. Behring, has pointed
out ,by the feeding of babies wit,h cow's
milk, which also, in his opinion, lays
the latent basis for most cases of con
sumption that develop In later life.
Tonmsp passing through the St
Mary's canals at the outlet of Lake
Superior this year will be under 35,
000,000 tons. Last year's total was
35,961,146 tons, and that of 1901 was
2S,40?,065 ions.
Senator Brownell is right; it doesn't
make a bit of difference that the gamb
ling bill was lost. The loss merely
signifies that '-t was quashed earlier
than usual.
The Masonic lodge, in observance of
St. John' day, attended Grace church
in a body last evening. Rector Short
preached a sermon appropriate to the
occnslon.
Notice of Dissolution.
Notice is hereby given that the part
nership heretofore existing under the
'lame of tha Franklin Printing Com
pany Is this day dissolved by mutual
consent. The business of publishing
The Astorian will be conducted in fu
ture by the Astorian Publishing Com
pany, to whom all accounts due said
firm are payable.
OTIS PATTERSON,
EDGAR W. STAHL,
ROBERT GIBSON.
Astoria, Oregon, Dec. 24, 1903.
To Cure a Cold in One Day..
Take Laxative Bromo Quinine Tab
lets. AU druggists refund the money
If It fails to cure. E. W. Grove's sig
nature la on each box. 25c. tf
The Scenic Line
, TO THE EAST AND SOUTH.
Through Salt Lake City, Leadvllle,
Pueblo, Colorado Springs and
Denver.
IMS
Offers the , Choice of Three Routes
Through the Famous Rocky Moun
tain Scenery, and Five Distinct
Routes East and South of Denver.
3--FAST TRAINS DAILY-3
Between Ogden and Denver, Carrying
All Classes of Modern Equipment.
Purfef.t Dining Car Service and Per
sonally Conducted Tourist Ex
cursions to All Points East
STOP OVERS ALLOWED
' On AU Classes of Tickets.
For Information or illustrated litera
ture call on or address
W. C. McBRIDE, General Agent
. 124 Third St. Portland. Or.
THE LOUVRE
CHAS. WIRKKALA, Proprietor JAMES GARDNER, Manager '
LUCY CUNNINGHAM, Pianist 8
Program Week Commencing December 7
Overture, Mr. Volunteer,
PAUL DRESSER,
The Sweet Singer, Miss Blanche Lewis,
In new ballads
Overture, Princess Pocohontas, March,
, RICHARD F. HOYT.
BOYLE and LEWIS, in their funny
sketch, "The Tramp and the Lady'
Overture, Soul of the Rose, Waltzesi
HENRY FRANTZEN.
The Peer of Song Illustrators, LUCILE
CUNNINGHAM, singing Harry Von
Tiber's succes, "When the Harvest
Days Are Over.
Overture, Lovey Mary, CHAS. KOHLMAN
Published by Howley-Haveland &
Dresser, Chicago.
Bobby Boyle, will hand out a few
knockout drops.
Overture, Cl.opatra, H, W. PETRIE, ,
Intermezzo.
Don't forget to drop a nickel In the
Tonophone.
A new list of pictures on the Edison
Projectiscope.
The great Jeffries and Fitzslmmons fight
which took place July 25, '03, in
San Francisco, Cal., showing the 8
rounds with knock out
Program is subject to change without notice.
NORTHERN PACIFIC
Time Card oi Truins
PORTLAND.
, , Leaves . Arrives
Puget Sound Limited. 7:J6 a m (:4S p m
Kansas Clty-St Louis
Special 11:10 am 1:45 pns
North Coast Limited 1:80 o m 7:00 m
Tacoma and Seattle Night
Express 11:46 pm 1:05 ns
Take Ptiirat Sound Limited or North
Coast Limited for Gray's Harbor points
Take Puget Sound Limited tor Olym
pta direct.
Take Punt Sound Limited or Kan
sas City-St. Louis Special tor points
on Sooth Bend branch.
Double dally train serrloe on Gray's
Harbor branch.
Four trains dally between Portland.
Tacoma and Seattle-
Astoria iron Works
Foot ot Fourth Street
Inists l.Boiler
Land and Marine Undines, Boiler' work
castings of all descriptions made to order on
abort notice. Steamboat and cannery work
a specially.
John Fox. . .... .President and Superintendent
-rL,.E0F .Vloe President
F. L. Bishop Becreury
Astoria Savings Bank.... .... 'Treasurer
Abercrofflbie & Wilson
ATTORNEYS-AT-LAW
Page Building ..... Astoria
TH
FREDERICKSEN,
. PIANO TUNER,
Tl Bond 8treet, Astoria. Oregon
Perfection
of Fit
. and style can always be depend
. upon when you tret a Suit of j
4 clothes from...... '
A. Lke ,.,
'"' Astoria's Leading Tailor. Ma
terials and workmanship are the
best that can be procured and
prices within reach of all. Don't
forget the number,"
22 COMMERCIAL STREET
Cowing & cowing,
ATTORNEYS AT LAW,
Room 4,Land Office B'd'g, Oregon City j
i ... , e"sa t
r-Land Office Business a Speoialty