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About The Oregon daily journal. (Portland, Or.) 1902-1972 | View Entire Issue (Jan. 1, 1904)
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FRIDAY, JANUARY I. 1904
THE OREGON DAILY
C. S. JACKSON
Published every evening. except Sundy)t The Hto'uri,:BuUdlnfrmh..ftn4TainhllL. re!lr!lan4v : f8"0
THEJ JOURNAL'S PLATFORM
ATrinity ot Even'u Which Would Males of Portlanj
. ' 'the Mightiest City of the Pacific Coast
FirstDeepen the Columbia river bar, s
Second Open the Columbia river to umm-
peded navigation at and above The Dalles.
Third Dig an Isthmian canal. ,
A GOOD YEAR PAST; A BETTER ONE HERE
"ATEUIALLY, SPEAKING Portland and the Whole
Oregon country can bid good
just past as the most notable
The whole story is summed up in the" single word "prog
ress," which marked its every day,, which" widened the
horizon of accomplishment and which
newer and greater things to be done.
The two most conspicuous and farreachlng events of the
year were the beginning of work-.on the jetty at the mouth
of the river and the appropriation of
liiture to secure and turn over to tb
the right of way for The Dalles-Celllo
events marked the greatest forward movement that th
state has ever made at any time in Its whole history,
The key to everything In the whole Oregon country-Is the
Columbia river. That fact has long
deeply appreciated. But (there were certain barriers In'the
way. At the mouth of the river it was the bar which
needed deepening; at The Dalles it was a ship canal to
get around the obstructions 'to upriver navigation- For
over 'a quarter of a cfentury desultory "efforts had been
made to get - the general government to undertake -that
species of river and harbor Improvement upon which It has
spent so many millions In, other parts of the country. But
for one reason or another little genuine progress has been
made until very recently and therefore
country has been deprived of ,'the quickening Influence
which will immediately follow the completed work.
If the year just closed marked no other events of mag
nitude these two would reasonably fill the measure of our
expectation. Clearing .the upper river to unobstructed
navigation Insures cheap transportation' ' clear to the
ocean; a deep outlet there means a stimulation to our
commerced broadening oJL ourcommerctal Influence, an
extension of our markets for the varied products Of one of
the' very richest sections upon ..'which the flag floats.
Either-one alone would fall short of realizing whatever
hopes .might be based upon them. If the upper river were
cleared and nothing but a lake were left at its mouth, we
are still left an empire within ourselves, but without the
fullest means of expansion over the Paqlfjo the destiny of
the great Oregon country could never be realized. With
deep water at the bar freedom of commerce Is realized.
This section has much to sell, but long at it has been 6c
cupied .there is roorn and competence for thousands upon
thousands more than are now here. Many have come dur
ins .the year 1903,, but many .more will come during the
yenr 1904. : ' . '
. With the river freely open to the commerce of the world,
with the activity In railroad building now In sight and
that whlchTsoon must come, forced by the changed c0
ditlons, the Oregon country almost at a leap will take Us
place in the very forefront of the greatest states of the
THE REAWAKENING OF
MISS SCIDMORE, a brilliant and experienced cor
respondent who Is revisiting the Oriental coun
tries after an absence of four years, Is now writ
ing a series of letters for the Chicago Tribune, some of
Which The Journal has bad the pleasure of reprinting. -Frora
these letters it appears that the Boxer troubles
t...... ...... .H ... . , I n a n Airi fatwAtrr ir atntflt atlrttv
which has found vent in the modernization, almost beyond
KXI.XJOVAXXES' oxrrs is iox
The X.it Zs Headed by Caraeg-is and the
- Total Amount 931,000,000.
. Another year draw to its close and
the .millionaire philanthropists practi
cally, have ended their annual effort to
give away their earnings and diminish
tlielr principal. : Mr. Carnegie is the
most conspicuous figure in the group,
not only because he gives far more than
any other, but because he is the . one
who discovered that it would be a dis
i!?Vte to die rich, and this set the others
to thinking. The library U still a hobby
with him, and this year he has given
for library buildings In 9
cities and towns in this country. He
began giving away libraries, in 1900.
Since that time he has given 823 In
the United States, at a coat of $21,722,
.600. In addition to these be has given
this year, $350,000 for a library in Tor
onto,: $ 100.000 for libraries in England,
end $126,000- for a ' library in- Barba
dos. He "has given to colleges and
nther Institution in this country and
abroad $1,857,000; to churches, $34,B00;
to T!ie Hague court of arbitration,
91,760,000;': tor scientific 'research ' In
Scotland..-" $5,000,000; for . phonetic re
form. $10,000; for the New York botan
ies!, garden, $2,000; to the town ' of
nunfprmlln -' Rcnllnml. X2.500.000: "- to
thu New York Engineers Union home,
$1,000,090; iot , a pension fund for. dis
abled workmen in ' the , Carnegie Steel
woikH, 14,008,000... This makes a total
of $2S.Sl'4,B0O. ' He has not touched his
principal, wife, has not given away this
year's Income, which. In : round num
bers, is $26,000,000. He must give away
tiO every minute to dispose of his In
come alone, . Then think of his huge
principal!' . " . ' , .'
It would be TRKh to say' thut Mr. J.
IX Rockefeller. Sr., Is haunted With
f'-KTH of dlhgiace t he should be. found
dying .with money la bis coffers, Ills
income, probably, in -larger., than' Mr.
Carnegie's, yet. while Uie latter has
given sway $25,824,600, Mr. Rorkefelr
Icr lias gtyen away but $3,04 4,597,. and
more than, one-half of Ihls to th Vnl--'r(lty
:of Chicago. -Wis other dona
tions Include $172,500 to religious IjoiI
U'. $22,000 to colleges, amj $6,6fi8 to
ttie Nebraska v8tat university, t which
tlit iiiBiitution finally declined to accept
on his moral grounds, notwithstanding
the tempting array of sixes; and'$30,ovo
to charily . "
Mr. Henry Phfpps,' another phllan-
hrtiplc mlllloiinire,' has - given away
$1 Mia 000. of which 91.600.00 i"ff a
rtile inu'iHise, a free hospital for con
sumptive.. Dr. T., ..K. Pearsons has
kcit his "lever", pretty. -busily at work,
but lie has only g(ven J200.000 to five
lltt college and $50.00; to charity.
The'dovlor. however, may make a better
j-emrd In 1904. ft' he has. over 1300.000
nf .pledge ti clear up In June, end after
thut he pioptHes. toistart In , afresh, for
! is determined that when he goes there
will 1 noum of hi'a. money left for guy
PUBLISHED BY JOURNAL PUBLISHING CO.
OFFICIAL) PAPER OF THE CITY OF
that' the ame spirit
fore this spirit the
the rulers of the
beginning, to respond
- bye , to the year
In all their history;
electrlo shock which
That object lesson
that day the Chinese
pointed the way to
ure of world-wide.
A few yearB hence
ter 4han It is now
$100,000 by the legis
canal. This pair of
of human progress.
The burden. of the
Japan must fall on Japan but In the outcome of the strug
gle China is even more deeply Interested than its Mon
golian neighbor. If that struggle goes against Japan,; It
almost necessarily must mean the annihilation' of China,
Russia will become an immutable and portentous fact in
China, but will the other European nations rest content
without their own spheres of influence being vastly ex
tended 1 If China is the real prize will not all of them de
mand a share, as they djd of the loot during the Boxer
trouble, and will any of 'them be satisfied with, anything
short of the most it can secure?. What, then, will be left
of China as China? y ' . ; .. :'
If the struggle begins Chlrut In self defense must cast
Us fortunes with Japan, no matter what outward pretense
been recognized and
this vast section of
of aloofness It may
In the future it is a remarkable fact that in nearly every
case on record some responsibility for such accidents may
always be traced to the non-enforcement of the laws that
already exist. Whatever shortcomings there may hive
been In the Iroquois
preventives that were
to the laxity of. the officers charged with the duty ot see
ing that the work in every respect came up to the rigid
requirements of the ordinances.
While it is well,
grow hysterical even in the face of this awful calamity,
nevertheless the public duty Is plain to rigidly probe the
matter to the very bottom, if for no' other reason,, than
for ita practical bearing on the general subject of thea
tres now in existence and the enforcement of such new
rules as common sense, experience and genuine investi
gation, quickened by the horror of this disaster, may sug
gest and intelligent
The world never
lessons learned In the hard school ot experience and ad
versity which leave lasting impression. The price paid
in Chicago Is an awful one hut if it shall lead"to a thor
ough municipal house cleaning all over the country, if
each community will bring the awful lesson home to Itself
and take such steps as will, lessen the chances of such
calamities in the future, the unfortunate victims will not
have died in vain and out 6f the evil and horror of 'their
death may yet come good. . '
one to scramble over." And what has J.
Plerpont Morgan glveni Just $10,000
to the American Archaeological school
In Rome, whose dosen or so pupils are
watching the forum excavations.
These five men, who are the principal
millionaire philanthropists, combined
have given away about $$1,000,000 dur
ing the year. As they are elderly men,
and life is uncertain and time Is short,
they must expedite their benefactions
If they do not Intend to make their exit
until they have given back all they have
received. And yet their $31,000,000 will
do great good in many ways.
1KB DSUTBCKLAHD'B YEW KA8TSB
From the New YorkWorld, :
rapt Carl Kaempff, now of the steam
ahlp Fuerst Bismarck, who is to sue
cted Capt. Iletnrich Barcnds, retired, as
commander of the ; Dcutachland, will
probably be the youngest commodore on
the Atlantic. The command of this ship
carries the title with it as a courtesy.
The Deutschland will ; nest sail from
Hamburg under his command on JViu
ary 6, and on January 19 will sail from
New York on a trip to Italy, her maiden
Journey to the'.Medlterranean, ! " ,
Cnntain ICaetrioff Is a Mecklenburger.
Ho was a, boy of 14 when be-shipped' on
the brig Bazatae to knock about the
North sea, Then ho became mate on the
English ship Onward. Taking command
of a German merchantman, and, a Japa
nese prince having bought her for a
school ship. Captain ' Kaempfl! taught
Japanese middles for a year. He then
entered the service of the Hamburg'
American line as fourth officer. While
af St. Thomas he sprang overboard
among the sharks and saved a woman's
life. While chief officer of the Gellert
he dived from the rail at Hamburg and
waved the life of another woman. '
In lat 3 the Gellert caught fire In mid
ocean. There were COO paaaeifgera. For
two days Captain Kaempff tried to
smother the fire, but things gob worse,
and be then opened the hatcheVnd bat
tled with the flames with hose, the pas
sengers assisting. After a hard fight of
54 hours the captain won.
. ... . ' i m
HOW A HAH 7 AILED.
From the. Chicago JournaL
He look life too seriously.
He saved his money, but starved his
mind. . " , - .
He thought hfe .eotild not be happy
without wealth. . . ,
He did not develop his manhood at the
same time as his business. '
He. murdered his capacity for happi
ness , In getting ready for It.
He sacrificed the friends of his youth
and had no time, to make new ones.
He never learned the art of exacting
enjoyment from common thing.
He had developed a colosnnl pu'r for
receiving, but had never learned to
He was victim vf habit and routtnt;
ne never vvtuu rioe aoove His yocatlon, '
JNO. P. CARROLL
belief of the Chinese capital. While the advancement-. of
Japan has been a revelation to the world. It is evident
which worked such marvels in the
land of the Mikado is rapidly operating to produce the
same astonishing results In the Flowery? Kingdom. Be
barriers of custom are rapidly falling,
country are coming in ; touch with and
to the modern progressive impulse
and the physical transformation already apparent is as
tonishing beyond measure to every returning traveler.
Measured for long centuries by itself, China in Its pro
found egotism believed Itself to be the most powerful na
tion on earth, abundantly able to hold Its own and to wipe
all the "foreign devils" oft the face of the globe. But
when Us very capital was invaded, when 'Its power faded
away like the unsubstantial fabric of a dream before the
allied armies, when its chattering empress and her court
fled in dismay, China awakened from Its long sleep by an
quivered through all its members,
was needed, but It Was enough, ; Since
authorities have taken a truer meas
affairs and their own relations to them.
it will be a much more difficult mat
for .the European nations to carry out
their plans of dismembering the great empire. Left with
elbow room the Chinese would doubtless repeat the hisr
tory of the Japanese In the next generation and add a new,
unexpected but strikingly significant page to the history
;'" '' : -. :'. '.".'
coming onslaught between Russia and
see fit to make for the sake of appear
. ' ' '"' ' .'" " " - .
HILE a horrof Uke that of the Iroquois theatre
flre1 In Chicago may suggest new ways
through which such calamities may be averted
" theatre, whatever in the way of
neglected, may be directly traceable
as Mayor Harrison suggests, not to
public opinion approve. .
learns In the easiest way; it is only the
mow m'asoo nmo hoobevxz.t.
Overcame Long's Objections, It Is Bald,
and Obtained riace for Him.
From the New York. World.
" How William McAdoo. the new police
commissioner, practically made Theo
dore Roosevelt president of the United
States was one of the stories told yes
terday at city hall by an official. He
said that the facts came from a justice
of the supreme court.
Mr. McAdoo was assistant secretary
of the navy under President Cleveland
and when President McKtnley was in
augurated John V. Long became secre
tary of the navy.
'Mr. Long looked Into Mr. McAdoo's
record and found that he bad made a
great reputation for efficiency. Secre
tary Long, according to the story, asked
him as a personal favor to continue as
Mr. McAdoo said that while It would
give him great satisfaction to accommo
date Mr. Long, he was afraid the plan
would not -do. . . ,
"l am a Democrat," he Said, "and as
first assistant would have to act as sec
retary m your absence. It is doubtful
if the people would care to give me their
confidence if I should do as you ask." -
Senator Henry Cabot Lodge,- who was
very anxious that Mr. Roosevelt, then
police commissioner of this city, get the
place, heard of Mr. McAdoo's objection.
He suggested Mr. Roosevelt's name to
Mr. Long. .The secretary was prompt
to say ho. .'.'. - ,
"He's too hasty, too impulsive; he
would get ma Into all sortsf trouble,'-'
' "But he Is all energy and' has great
executive ability." persisted Mr. Lodge.
"Well. I'll ask McAdoo about It," was
the way the secretary put Mr. Lodge J
Off. ;'.'',:' ',-:..
Mr. McAdoo was consulted. He not
only favored Mr. Roosevelt's appoint
ment, but worked for it, and was suc
cessful in overcoming . Mr. Long's ob
, "That' was' Mr. Roosevelt's change,"
concluded the official who told the story,
"and how he took It and what it led to
is history." , ; '
Reflections of a Bachelor.
Krom the New York Press.
. CJirlstmas breaks us but once a year,
A man can have his legs cut off and
walk on crutches, but when he gets mar
ried he cannot be repaired. ; .
The only thing that Is prouder than
a youth who takes his first' shave is
the school girl who first discovers It '
' It is easier for a camel to go through
the eye of a needle than for 'any one to
go through the pockets of a rich man.
; Quite the Chistomary Thing. : (
).-. From the Boston Herald.
fin, far es heard from, each and .every
one of. the acrusea postal otnciais nus
proclaimed his Innocence snd denounced.
nis accusers i nis is we usual pro'
ccdure lit tyuth cases.
The Prosperous Northwest Seen by Eastern Eyes
Walter Wellman's Washington Letter
in Chicago Record-Herald.. ,
What is the status of public opinion
in the great Northwest? During a re
cent tour of that region, embracing
Michigan, Indiana, IlUnols JtVlBOonsin.
Iowa and Mlnnesota,your correspond'
ent enjoyed excellent opportunities , to
learn what the people are thinning ana
talking about through conversation with
business and professional men lh many
cities and towns and meeting- a- large
number of travelers on the trains. ':
v The most noticeable of all conditions'
at the present time in the great West
is the almost undiminished continuance
of the high tide of prosperity. Broadly
speaking, there has been no railing off
In the volume ot business. ' the farmers
have more money than ever before, ? The
employed people are all at work and for
good wages. Railroad earnings through
out the West average higher than a
year ago at this time by from 6 to , 12
per; cent, though many good : judges
thought last year's volume of traffic
up to the highest possible mark.. The
amounts of money, which the people of
the j West have on' hand ; representing
their surplus,: their savings, their ac
cumulations through these recent years
of unexampled prosperity are simply
amazing. In purely agricultural coun
ties the .bankers tell me they do not
know what to do with the money that
Is offered them for deposit. In many
Instances they have been compelled to
refuse further deposits because of the
difficulty of using the money profitably.
It is surprising to be told that in an
average western county of perhaps 25,-
000, population, embracing probably 2,
600 farms, the aggregate sums on de
posit in the local banks reach as high
as $2,000, 000. or, $3,000,000, or an average
of approximately $1,000 per farm- As
no one Individual has very large depos
its, it follows that the accumulations
are well distributed. ,, t . ;
What i true-of the agricultural coun
ties la true also of the cities and towns
In which there are manufacturing and
commercial Interests. ; In fact, money
Is abundant everywhere, and all classes
of people, have- shared in the prosperity.
Millions of dollars of money represent
ing the savings of western farmers and
mechanics have been sent to New York
for use in railway and industrial enter
prises. The West Is lending to the
East At Chicago during the past month
there has been a great accumulation ol
money. Chicago bankers had sent, out a
round hundred millions ot currency to
move' the crops, and that money is now
flowing backhand much of It is loaned
in the East. Chicago provided more
money during the autumn for crop
moving than New York did, and saved
New York banks much of the drain
which they had feared on that account.
It is a peculiar and an Interesting fact
that a large share of the hundred mil.
lions which Chicago sent out for crop
moving purposes was sent to the South
to buy cotton. There Is so much money
locally in the Northwest that the cen
ters are hot called on "for funds as thoy
were In olden times, and what bankers
used to regard as an annual atrea. aiui
which they found It necessary to pro
vide for long in advance, has nearly dis
appeared. Broadly speaking, the people
' great, corn, wneat, nog, cattle and
dairy country of the Northwest have
money to do their own crop-moving and
to carry on all' their operations. , They
are lenders, not borrowers.,
Wherever one goes in that rorinn ha
holds evidence that the people have been
living well. It Is undeniably true that
never before in the history of the world
have 20,000,000 people inhabiting a given
area enjoyed such a high standard cf
personal comfort as the people of the
great worinwest. They are housed,
clothed, fed and provided with articles
of necessity and of luxury upon a scale
which in its distributed average sur
passes anything ever before known in
the history of mankind. This high
standard of living is the amazement of
all foreigners who visit our country.
It is a condition simply impossible in
any nation of Europe. It is a standard
wnich is surprisingly well diffused: Its
curve throughout the mass of population
is almost u straight line, showing few
elevations for the wealthy and not many
depressions for the very poor. i
inough the people have been llvlnar
well, buying much and enjoying the good
thing of life to a remarkable extent,
they have for the most part lived withio
their incomes, as Is shown by the large
accumulations of savings. This is more
true of the agricultural communities
than of the manufacturing or commercial
centers; and' if there Is to be a period of
industrial depression, the farmers, the
very foundation of the edifice, were never
oerore so strong or so well able to
weather a storm. .. .
There are no indications of a-nerlnd
of industrial depression In the West.
1 true there has been a slight shading-
aown. irora tne nighest line of activity.
Everyone realizes that the high pressure
of the last two or three years cannot
be maintained indefinitely. .' There must
in the nature of things come a slight
reaction, and the reaction has already
Shown Itself locally in a degression.
more or less temporary, in the iron and
steel Industries, and more generally in
a stoppage of new enterprises. So far
as the West is concerned, the reaction
has for the most part been more psycho
logical than actual. The people out
there have read the talk in Eastern pa
pers about hard times in Wall street and
ominous signs in the Eastern financial
skies. Why there should be such talk,
and what there Is to base it on, has been
a mystery to them. At the same time
the talk has had its natural effect: Peo
ple have become more cautious. w They
have hesitated to start new enterprises.
Some have curtailed expenses, ceased
buying as freely as formerly, not be
cause of lack of ability to buy within
their Incomes, but wholly on account of
the general wave of caution produced
by the alarmist talk in the East, Even
this psychological effect appears to be
In part passing away. One traveling
man for a Chicago house thus explained
it to me:
"Fpr a time people were r"Bcared"bynnTlemandlng that the roles of the ejuip4n-out in his
this panic talk in Wall street. They ate be remodeled on a common sense speech Which if
- mint w iiiana uj. ji Huq couia i
A Till OI1 OTB AffD BANHIHO,
The famous house ot Labouchere . In
England had a romantic origin. In the
beginning of the 18th century a young
Labouchere 'was a member of a bank
ing firm in The Hague. He was' sent
on a mission to England .to the great
house Of Baring, then, .as now, one of
the - mighty banking concerns, whose
trnsactions cover the- earth. . Young
Labouchere promptly fell In love with
a daughter of the house, and dared to
raise his eyes to what might have well
appeared an inaccessible beauty. When
this young foreign clerk made his pro
posal one can easily Imagine the horror
and Indignation of the haughty English
banker; but young Labouchere calmly
asked In "reply whether It would make
Hny difference . If, Instead of being a
clerk,, he were a-partner In the banking
house; which had sent him on this mis
don. ,The English magnate, with that
oy to. bun Incus which -distinguishes the
Englishman , In every position, thought
this was, another' proportion, Rnd did
not give a final answer.' 'The bold young
adventurer went back '..to Holland, and'
there,, somewhat .reversing the Jiroprtsl
ttou, told hlr employers, that . if they
.."-.' . -' " ' ''. '- M j : '; ' ; , '.
--. ; . - 5: '-- ?' '''' v' " -
see no reason for it but they pulled up a.
iiiiie jusi tne same, country merchants
were the most scared; they cut down
their orders - and suddenly collections
came slow. - Men with plenty of money
wanted tojidldf onto it, W in a short
time these merchants "found they had
uuircvxoaanijr aiurniea. - Jl neir CUB-
tomers came in and bought almost as
freely as ' formerly, and presently the
merchants discovered they had to stock
up, uae scare js virtually over,' ;
Sn .the Northwest there Is a ' very
strong- popular -sentiment approving the
action of the administration in the Pan
ama affair. This feeling is not universal;
there are exceptions., But the mass of
opinion, among Democrats as well as
Republicans, indorses the attitude of
president jnooseveit and Secretary Hay.
The people want the canal they want
the treaty ratified, and it Is platn as any
thing In the world tha tlfty will visit
their dlspleasure;upon any party or pub
lic men who interpose obstacles to the
carrying out of their, wishes. Here and
there one hears an expression to the ef
fect that the administration was a lit
tie hasty in recognizing the Republic of
Panama, but this,: Is nearly always met
oy tne statement that , the end In vi
Justified the- means. A wise business
man summed UP the case thus: . '. .':-:
"Well, I cannot see that the adminis
tration is to be blamed for having done
a thing on Saturday which no one would
mvc tmnioeu u iur n u jiaa waited
tin. Monday. . . . ',
wne trait of the. Western people Jn
tneir .view of our foreign relations la
noteworthy.- They are possessed of a
sort of chivalry. They do not want to
see tne great power of the united States
narsmy or unjustly used against a
weaker nation, They are generosity it-
seir. bo much, so .that I am convinced
if the. Colombians had shown any dis
position to dealgfalrly with the United
States public BenTlment would have been
slow to approve the' vigorous policy of
President Roosevelt In the isthmus. But
there Is no sympathy for Colombia. The
people Jook upon the Bogota outfit as a
lot of blackmailers, who tried to "hold
up" Uncle Sam, who were hot satisfied
when the United States agreed virtually
to their own terms, and then turned
round and wanted to "strike" ns for
twice their original price. - A well-known
Chicago man expressed it like this:
"Colombia Is the Sam Parks among na
tions, and our people .have no sympathy
for her.. They think she deserved what
sne got" ;..
There is no doubt of President Roose
velt a great popularity in the North
west. Everywhere. I have been I found
that he is admired by men of both par
ties. In many places they tell me- he
is more popular even than McKlnley
was. A few business men and men ot
large. interests have been Impressed by
the Idea which New York has so assi
duously spread that the president is
"unsafe," but there is no discounting
his -popularity among the rank and file.
I : have myself heard dozens of Demo
crats say they intended to vote for him.
For some reason or other Mr, Roose
velt's personality has caught the popular
rancy. TOe. people generally look upon
him as a , man who would not torn a
hair's breadth to the right or the, left
and who is so strenuously honest that
no one can swerve him from, what he
believes bis path of duty, ; The people
think Mr. Roosevelt may make mistakes
now and then, but they re willing to
overlook them because ' they have so
much faith in him" and no much ad
miration for his character.
! Probably the best thing that ever
happened for Mr. Roosevelt was. the
war of the New York trusts upon him.
The president's popularity has visibly in
creased since exposure was made of the
futile efforts of the Wall street railway
magnates to secure a pledge from him
as to the future. Gut west they regard
the president as a hero who js battling
for the country as against i the trust
giants, and it Is not at all uncommon to
bear a man say: ,
"I ve been a good Democrat aU my
life, but if it is going to be a question
as to whether Theodore Roosevelt or
John D. Rockefeller is to run this coun
try, I know where I stand." ;
Next to President Roosevelt, Senator
Hanna is without doubt the most popu
lar Republican among the western peo
ple. ' Hanna has grown amazingly in
public' esteem In the last two or three
years. The people admire his frank and
open character. his bluff and hearty
ways, and they , have almost unlimited
confidence in his Judgment But they do
not want him for president because they
do want 'Mr. Roosevelt They hope and
believe, that Mr. Hanna will not permit
himself to be made a tool of by Wall
street in the conspiracy to defeat Mr.
Roosevelt If Mr. Roosevelt were out of
the race, there Is no doubt that Senator
Hanna would have the support f a ma
jority of western Republicans for presi
dent . ,
'. In the northwest I find the Democrats
generally plucking up courage and show
ing a disposition to get together. 1 They
admit the great popularity of Mr.
Roosevelt, but many . of them believe
he can yet be beaten at the polls. Parker
or Gray is the most popular of, those
who talk of Democratic candidates, Gor
man is regarded as a smart polttlcan,
a shrewd and perhaps tricky man. Many
Democrats like to have him in the Sen
ate to make trouble for the Republicans
and many more would like to sen him
manage next year's campaign, but very
few want him as their candidate for
president, A great many Democrats be
lieve that with a good man the old party
will come to the front next year and give
Mr. Roosevelt the hardest ' race of his
life. . " .
There Is a very strong, sentiment In
the northwest in favor of reciprocity
with Canada, an almost universal sym
pathy with Japan as against Russia,
and a marked feeling that Speaker Can
non is right in standing up for the dig
nity of the house or representatives and
made him a partner , he could marry
the daughter of the Barings and become
a member of the firm, and thus obtain
for his Dutch house an Invaluable ally;
He was made a partner; he married the
lady arid the bank; and coming to Eng
land, he got into the heart of the city
made a huge fortune and founded a
family after the time fashion of the rot
tlon to which he had attached himself.
Big Wigs at Church. '
From the New York Press. ' ,
The richest man in-the United Statei,
probably in the world, notwithstanding
the claims of Albert Belt Is a Baptist.
The ablest financier-promoter is an Epls
copsllan. The most powerful banker t
an Episcopalian. The leading railroad
man Is an Episcopalian. The most astuU
Democrat Is a Roman Catholic. The
foremost wholesale 'merchant is a' Pres
wholesale merchant is a Prcs-j
The jnust . energetic. ' far-seel1
lican politician is an Eplscn,
pallan. The The leading physician Is
Metnodist. , Tne most successful market
operator in the wom is never seen in
side of a church. ' The ablest lronmur
of", all ' time 'is an Episcopalian
sharpest, shrewdest lawyer is an E
The True Inwardness of the
. From the New York World.
What was the shipbuilding tmstf
' It was a pomblbatlon of shipyards
scattered in several states between Maine
1 1 . ... ...
uu vaiuoruia, coma .or tnese, nae xne
Union iron works v U San Francisco,
where the Oregon wa built, and the
Bath iron work- in Maine, were valu
able. Others were less so. The assets
of the Crescent yards wre in Nixon's
haW The New London yard's chief as
sets -were Its current "commissions on
two big ships it was building for J. J.
Hill's Pacific trade, Mr. Htlk supplying
the cash. To these yards Were added
lh.. : r .. It ... , ,A ..
w.v vn"" wiMiiuiax-iuriiig . company,
which theoretically made pressed steel
cars, but which had ' never made a car
and had no business. It was nut into
the trust at an extravagant price as a
ravor' to J'an insider." The trust final
ly bought the Bethlehem Steel company.
wnicn aio a prontabie business.
9. What was the trust ' worth, and
what was its ospiUlt -
This is difficult to answer offhand. It
Is easy to say that the trust wa "capi
talized", tor, nearly $80,000,000. and that
tne assets of thr combined Companies
were worth only $12,500,000. But were
they , worth even that T Mr. Schwab has
Just declared under oath that the value
of the shipbuilding company's property
outside of the Bethlehem company did
not exceed $6,000,000. - The Crescent
yard was started with a few hundred
dollars. Its real capital was Mr. Nixon's
admitted ability and valuable experience.
which the trust so prevented him from
using that he resigned as president The
tanda company-was unprofitable. UDon
the Bethlehem plant only $300,000 had
ever been paid in on stock account It
was bonded for $8,800,000 more than the
full value of the plant. Good will, pres
tige and profits were Its assets. It had
been offered to-a rival syndicate for
16.000,000 only a little while before
Schwab bought it for $7,200,000. UDon
the most faVorable computation the trust
was capitalized for more than $0 for $1
of value, generously allowing for the
good will that makes profits In ' flush
times - , :' . - , - - w - .
S-' Who got the swagf
Fortunately no one got very much.
The public did not freely buy the stock.
If it had done so it would have enabled
the trust-makers to "unload." Mr. Max
Pan could have sold his $1,000,000 as
signed to him for J'servtces," the mil
lions written down for "promotion
abroad" could have been turned into
gold, and Mr. Schwab's little commis
sion of $16,000,000 for turning over a
plant whose debts were equal to Its
physical value would have meant mil
lions in profits
4. .What was Schwab's real share la
the Bcandalf -.-
As he himself describes It, he had no
Original part In forming the -trusVhut
saw in it a purchaser for the Bethlehem
works, which he had contracted to pur
chase for $7,200,000. TheBe he resold
to the ' trust , for $10,000,000. In bonds,
iio.oou.ooo in preferred stock and $10,-
000.000 in common stock, surrendering
15,000,000 of the stock to J. P. Morgan
& Co. If he had sold his remaining
stock for $6,750,000 in cash, as con
templated, he would still have had in
the bonds a mortgage not only on Beth
lehem but on all the other plants In the
trust for $2,500,000 more than Bethle
hem had cost-him say a cash profit In
all ot $9,550,000.
t. Bid Mr. Bchwab seU his stock?
No. It was Just at the end of the
period of Inflation and trust-making had
been overdone. But he had no notion of
holding it as an Investment He did
try to sell it He made a contract in
his own name and in that of J. P. Mor
gan & Co. with Harris, Gates & Co.,
brokers, to sell $15,000,000 of stock for.
blm and $5,000,000 for the Morgan firm
at $65 a share for preferred stock and
$25 a share for common before any other
stock was offered to the public. In
other words, they were to "unload"
first as the most privileged insiders.
6. How was the Morgan firm In
volved? ". ::,;. ;:,:
The Paris house of the firm did not at
first - endorse or recommend the Ship
building company's securities. ' But it
was afterward made transfer agent 'Of
the cash to be paid In by the French
subscribers, and tfien Mr." Alexander
wrote: "I got a pledge from the Drex
els (meaning the Paris house of J. P.
Morgan & Co.) that ; everything good
should be said of the enterprise." And
two days after J. P. Morgan & Co. had
BT-P&AT XIT THB BBHATE
BUferlng Attitudes of Hoar and Oorman
. Under rire. ..."
From the Brooklyn Eagle. ,
Ther was some. Interesting by-play
In .the senate recently, during the re
markable debate on the Panama policy
of the administration. Senator Hoar's
attack on the president came as a com
plete surprise to his Republican asso
ciates, but before the Massachusetts
senator had proceeded for five minutes,
the leaders decided that some one must.
reply Mo him.' A conference of -Aldrlch,
Spooner, Lodge and Foraker was quickly
called and after a few minutes It was
agreed that Foraker should defend the
President and the administration, ' For
aker was wholly unprepared for such a
task, except from his general knowledge
about the Panama matter from being-a
member of the committee on foreign af
fairs. ; The Ohio man . listened atten
tively to the remarks of Hoar, and from
time to time made notes. When Senator
Gorman, who succeeded Hoar, concluded,
Foraker got up and delivered one of the
most forceful speeches heard in the sen
ate for a long time. It was all the more
remarkable because, as he said when he
entered the senate chamber a couple of
hours before, It was without' a thought
that a speech was to be made which
would require an answer from him. t As
Foraker was pounding .away, Spooner
rose from his seat and paced up , and
down in the rear of the chamber, map-
mind tiieppints of a
was thought would be
needed to offset the damaging blow from
Senator Hoar. 1 '
, It was interesting to observe how the
personal attacks of Senator Foraker af
fected those whom he struck. When he
referred to Gorman as the leader of the
Democrats In the senate and the man
who hoped to be the leader of the Demo
crats in the campaign of 1904, nobody in
the senate looked more unconcerned or
Indifferent than the Maryland senator.
However, when Forsker directed his elo
quence against 8enator Hoar the result
was different. The shots in that direc
tion all went home, and in a few mo
ments Hoar was squirming about in his
seat in i most uncomfortable manner.
Half a dozen times he was stung into
rising to enter n heated denial or pro
test, and It r,uE plain to every one pres
entthat. Foraker had him badly wor
r)v(d. Four or five senators gathered
about the Ohio man's desk to prompt
him and offer suggestions, among them
being Allison, Aldrlch, . Bpoonef, Hop
kins fit Illinois and Lodge. . - i . , .
-.: ' Even Providence Burrendsrs. ;
From the Philadelphia North American.
',. The supremacy among American cities
-teems to have been settled by the base-
tall editor's headllne,"Providence Agrees
o Chicago' Terms."
Ship Building Trust Scandal
sold the Bethlehem to the Shipbuilding
company Mr, Alexander wrote: "I hear
that Morgans are giving us tremendous
compliments, in' London." ' The New
York -. Morgan firm, the parent house,
also sent this cablegram to Morgan,
Harjes & Co. in Paris:
,"C. M. Schwab and his friends are In
terested in the new Shipbuilding com-u
pany here and will be glad to have you
take SB cordial a view of, it as is con
ststent". . "-' '
: The Trust Company of the Republia
In .announcing this cablegram to Mr.
Young in Paris said: "Morgan has sent
strong cable Harjes" this partner).
7. Sut how came X 1. Morgan, $s Co.
to have 98.000,000 of stock to seUT
When Schwab bought Bethlehem, or
rather agreed to buy it, he being then'
the president of tho steel trust, a rival
concern, he told the Morgan firm of his
purchase contract and offered them the
works for the steel trusts-offered, as he
phrases It, to turn over the works to the
steel trust without profit, but stipulated
that if they should be sold to any one
else, "I (he) should be entitled to the
greater part of any profit." He did get
the "greater part" Of the expected profit
three-fourths of the stock and all the
bonds. The $5,000,000 held "by Morgan
& Co. were afterward sold to Schwab for
$78,000, which was turned over to the
steel syndicate not to the steel trust,
but to the group of wealthy bankers who-
''underwrote" it The Morgan firm de
nies having authorized Schwab to make
the selling agreement with Harris, Oates
& Co., but they were nevertheless named
as beneficiaries In the contract -1
&. What did Toung and Alexander do?
To place , with European capitalists
$6,000,000 in bonds of the shipbuilding
company, John W... Young, described by.
Mr. Alexander as a "mere promoter such
as Mr. Morgan constantly used' in. New
York,", was sent to Paris. - Great capli
tallsts 'there, however, proved 'terribly
technical," and the "mere promoter" got ;
into difficulties, which Mr. Alexander, an
eminent lawyer and a much more impor
tant man, undertook to straighten out
The result was the extraordinary collec
tion of letters and telegrams which the
World on Tuesday spread before the
public. In them Mr. Alexander wrote his
own story of his doings there. His ard
uous toil was complicated by the fact
that the Trust Company of the Repub
lic bad cabled that the bond issue in
New York was "a success." It was not
However, Mr, Alexander explained to the
Parisians "that It was the general cus
tom in New York to declare all Issues a
success and peddle the bonds afterward."
9. Who were the Paris snbscribers?
Alexander in his letters explains that
they were not bankers but private in-'
vestors. He tells how he told Young
he "must eat humble pie and -make his
peace with Rogniat;" how he.'sat at
dinner beside the Viscountess- Dan
dlgnea, a stockholder in the Union Iron
wonts, who didn't want to sell . her
stock because she didn't know where to ,
invest the money; how he suggested that '
"perhaps Scott would make her-an offer
In the securities of the new company;"
how he reassured : himself as to the
financial reliability of the Bchreyers by
talking with the notary who "had drawn .
ail the marriage contracts" for the fam
ily; how he told wary purchasers that
his secretary "had told me as to his hav
ing heard from some one thut J. P. Mor-
O-nm Yt'nA l.lr.n a U Vw. .1 - 1 , 1 I.
greatly excited them;" howl he learned !
that Baron Rognlat'a wife had cnm.-to--J
town and "put him In funds;" how ha ?
heard that Schreyer had "a million dol.. i
lars belonging to one old woman to in
vest at his discretion;" how "young Mr. '
Harjes," described variously as a "stupid
boy" and a "crank," "spoke badly about "
the business" which would prove hint '
neither stupid nor cranky and how all
Mr. Alexanders negotiations finally
failed. -. .. '.. ". '. ' '
10. . Bat who was the real author of
the trust? Whose mind conceived It?
It is hard to say. Not Dresser's sure
ly. The former president of the Trust
Company of the Republic, - who on the :
stand testified "I was a banker; I am a
bankrupt." was merely a tool.. A trust '
company president and the brother-in-
law of a Vanderbllt, he was useful bait "
Not Nixon's, which was really upon
ship-building bent. He also was bait.
Not Schwab s, keen but rather rudlmen-
tary organ ofl thought. Whose, then?
When this question Is answered the
name of a very remarkable person a '
veritable Mephistopheles of high finance
will be known to a wondering world.
Advice to the Lovelorn
BY BEAT&ICZ TAIXFAX.
Dear Miss Fairfax: There Is a young ,
lady who has been engaged to a young
man for over a year. Since that time I
have met her and the result is we are in
love with each other. She does not love
the other young man who she first met
and has more than once told him so, yet
because she told him she . would marry '
him she will not break her word, and so
they are to be married In March. Then
She says happiness will go .out of her
life forever. Does she do right to marry r
when she feels thus? , I love her dcarl
and would marry her if she were. free.
If she marries him there wlll.be two un
happy lives, and perhaps three, t ,
'",:..!., ' :.v :''...-: .R. FRED JONES. ,
If she docs not love the man and has 1
told him so, he should release her from
her engagement. I do not think you did'
right .in , making love to her when you
knew she was engaged to another man.
Are yoii sure she is sincere when she
says she loves you? There Is no happi
ness lt a loveless marriage, and It would
be much better to break the engagement
than to enter Into such. f , .?
. .-. .. '.."-..:," L" ,i f;t. ''rvb
Dear Miss Fairfax: Last night took
my sweetheart to a concert, and I noticed
that she winked at a man in the audi
ence who sat a few seats below us and
who had stared up at her. At first I
thought he might-fee-A-friend, but when
leaked her she said, 'Nfl. he is a total'
stranger to me." I told her after Teach
ing her home that I did not approve Of '
such conduct She said she had done.lt
"just for' fun," when I asked what she
meant. She also stated that she, would do
the same thing- if she j married. She'
thought "it no harm. Now; Miss Fairfax, .
I have been keeping, company with this
young lady for six years, ever since she '
was 18 years old. I have always thought
her a modest and good girl, and I do not
like to break my engagement to her, as
we are to be married In February next
but I -want your advice. Do you think I ;
ought to marry - her? ,1 'love her very
much. I d not Intend to call on her
again, though, until she has written me a
letter stating that She has changed her
views. .. -.t.. BRIDEGROOM.
While I do' not think the girl s fault. a.
serious enough one to warrant the break
ing of your engagement I do think her
action very (Unladylike. No well-ljred girl
would ever dream of noticing, a strange
man, much less winking at him. It Is cer
tainly not the behavior a man would tol- ,
erate In his wife, Perhaps when she said
she would do It again she only meant to
toase you. Do not be too unforgiving:
talk to her, tell her you think her In tin
wrong; and that men havo. no rewpoct for
girls who do well things. I A gentle, leu-
rms.'? -;----: sonable tUlk may do uer much good, ,-. -
i ' f'. VV,; i .. V..!