The Daily Texarkanian., 1895-04-28
CHICAGO LETTER.

H, H. Kohlsaat has bought con-
trolling interest in the Chicago
Times Herald, paying $750,OOO for
it. The other $3.50, 0O6 is owned by
H, W. Hawley, late of the Denver,
Colorado, Times, and more recently
manager of the defunct Chicago
Times. Mr. Kohlsaat's control of
the Times Herald leaves the Demo
cratic party of Chicago and Cook
county, Illinois, without an organ,
as he is a Republican of the truest
type, His policy in conducting the
paper will be in favor Of hard mon
ey, nonpartisianship in municipal
affairs and protection to American
industries, He does not intend
that his paper shall be recognized
as Republican paper, but will try
to maintain equilibrium between the
two parties. Since the sale of the
Times-Herald aspiring journalists
have been besting themselves to-
ward launching a Democratic paper
and a company has been incorpor-
ated with a capital of 81, 900, 900 for
the publication of the Chicago Ex-
aminer, which is to be an advocate
of free silver. The hard money
Democrats and the Republicans, of
course, predict all kinds Of disaster
for the new venture.
United States Comptroller, Echels
received an offer of a large salary
to become financial editor of the
Times-Herald. He declined, how
ever, giving as his reason that Mr..
Cleveland and the National Admin
istration requirad his political SER
vices. Mr.. Echels is a Chicago man
and quite young, but his admins
tration of affairs at the national
Capitol, in the capacity Of comp
troller of currency, has placed him
foremost as fnancier.
The Chicago Live Stock Exchange
has adspted several whereases and
resolutions, declaring that the in
creased price Of beef is not due to a
combine, but results from the low
supply and demand. To read the
resolutions one would imagine that
steaks are not SO high, still when
the butcher presents his bill the il
lusion is dlspelled. People who have
confined themselves to chuck steaks
during the period of depression that
exists are now unable to buy that
quality, and to have meat send the
unemployed members of these fam
lilies to the lake for fish. And peo-
pie who have subsisted on porter
house steaks are now buying calves
liver, The rise in the price of meat
products has driven numerous small
meat dealers out of business, yet 1t
is not recorded that live stock
brings better prices than Il month
ago,
A number Of mailbags received IN
New York from Hamburg, destined
mostly for Chicago, contained reg
istered letters and packets which
excited the curiosity of the reven-
ue inspectors, whereupon the In
scription Subject U, S, customs"
was attached to them, Arriving
here the postollice officials opened
them and found the contents to be
lottery tickets. Notifications of
registered mail were sent to the
persons to whom the packets were
directed; there are now a number
of wiser people in Chicago than
we're yesterday The olIense of re-
ceiyiug lottery tickets by mail Is
punishable by a year in jail, When
the packet was called for the caller
was arrested,
There is one millionaire In this
city whom no one knowing him
will doubt that he will carry his
money to his grave, His Is not a
misery appearing man and Us the
only millionaire / ever saw that |
know oD to talk with him one would
be impressed with any idea except
Ing that he Is penurious, AS Illus.
tratlng the economical trend Of his
character an incident Is related of
him which occurred when he was a
youth, Ills father, the founder OF
a powerful trust company here, pre-
cured a railroad ticket and giving
the boy a $5 bill and started him to
Los Angeles, Cal, for a sojourn
with relatives and friends, expect.
ing the boy to obtain a loan from
his friends # he needed 1t when he
arrived at his destination, The boy
remained In California for several
weeks and when he reached Chlea.
20 it was found that he had S4,7t
Of the origidal SO and had not Dor
....l e.. Al. tt,.,yaYuntsO 1 4,