davidaulloa/AmericanStories huggingface dataset:
The herald. [microfilm reel] (Los Angeles [Calif.]) 1893-1900, 1898-08-24

DUBUQUE, Iowa. Aug. 23.-The 2:07 pace
was the fastest race trotted or paced this
season, and included the two fastest heats
In any race, and with the exception of 2:04A
made by Chehalis at Columbus, was the
fastest heat made on any track this year.
The 2:25 pace was stopped by rain after
the second heat. Results:
2:07 pace $500 -Searchlight won In
straight heats: time, 2:O41a, 2:04%. 2:O6; d.
rectly, Roy the Kid and five others also
started.
2:2s trot, $1ooo-May Bloom won first. Sec
opd and fourth heats: Elf1sh won second
The herald. [microfilm reel] (Los Angeles [Calif.]) 1893-1900, 1898-08-24
A Dental Congress

PORTLAND, Ore, Aug. 23.-The Pacific
Coast Dental congress was occupied today
IN listening to the reading Of papers.
The herald. [microfilm reel] (Los Angeles [Calif.]) 1893-1900, 1898-08-24
WILL SAIL SATURDAY
CONTINUED from Page One.)

\SOHi0ueU rage ON0y
to have received such commentator. Your
cable will be published on board the ships
of the squadron tomorrow.
GEORGE DEWEY
From Gen. Merritt:
MANILA.
ITO the President. Washington: For my
troops and myself. accept my sincerest ac-
acknowledgement for your generous praise Of
the success of our campaign. America can
well be proud Of the troops. MERRITT"
CHICAGO, Aug. 23.-A special to tho
Times-Herald from Washington says:
Gen. Merritt has sent word to the war
department he needed no more troops.
This statement was in response to an in
Quiry from the White House. The president
and his war managers are much pleased
with the generals dispatch. They accept 1t
as an assurance that the American COM
mander has the Philippines under control.
WASHINGTON, Aug. z.-Tne following
dispatch has been sent to Gen. Merritt:
Merritt, Manila: The president II glad to
know you have ample force. Keep only
such ships as you may require for trans
portation purposes. Every provision Will
be made for the health OF your command
and the comfort of your sick. You are au-
thorized to use any of the transport ships
for hospital purposes and the naval hospi-
tai at Hong Kong can be utilized for the
soldiers in case Of necessity.
The troops of your entire command should
be put in camp or quarters as you decide.
The question Of returning any troops can
only be decided on after the ratification OF
the report Of the Peace Commission, which
cannot be for some weeks, even months. All
transports not needed for the immediate
use of your command should be ordered to
San Francisco as soon as possible. The
Scandal has been furnished as hospital
ship. The Arizona is the property OF the
government and may be retained by you
as long as needed.
British Neutrality
WASHINGTON. Aug. 23-Ambassador
Hay in cablegram to the State Depart
ment received this afternoon, says that the
British government has directed the. Gov
ernor of Hong Kong to accept Admiral
Dewey's application for permission to dock
and clean his ships at Hong. gong
Heroes From California w
WASHINGTON, Aug. 23.-Adjutant-Gen-
enal Corbin this afternoon received dis
patch from General Merritt giving the list
of wounded at Manila. 10 A.
Following is list of the Californians
who have suffered: ,....
Alfred T. Hammerson, private, First
California, slightly wounded. -r---
Died as result of wounds received In ac-
ton:
John g. Dunstore. First California. Died
In hospital as result of disea Sc August
The herald. [microfilm reel] (Los Angeles [Calif.]) 1893-1900, 1898-08-24

to have received such commentator. Your
cable will be published on board the ships
Of the squadron tomorrow.
GEORGE DEWEY
From Gen, Merritt:
The herald. [microfilm reel] (Los Angeles [Calif.]) 1893-1900, 1898-08-24
British Neutrality

WASHINGTON, Aug. 23.-Ambassador
Hay in cablegram to the State Depart
ment received this afternoon. says that the
British government has directed the. Gov
ernor of Hong Kong to, accent Admiral
Dewey's application for permission to dock
and clean his ships at Hong Gong
The herald. [microfilm reel] (Los Angeles [Calif.]) 1893-1900, 1898-08-24
AT Dubuque

LUcdI ROAD race, nile heats, TWO IN Three
purse $100-Pick won, Hazel Y. second. H.
lustrious third.
The herald. [microfilm reel] (Los Angeles [Calif.]) 1893-1900, 1898-08-24
Coast Trotting

SANTA ROSA, Aug. 23.-There was good
attendance today at the second day Of the
race meeting being held here under the
auspices Of the Pacific Coast Trotting Horse
Breeders association. Results:
2:23 class, trotting, one mile heats, best
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1898-07-19

Deposits |
with other
| banks and
trust conf
panieA. 1
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1898-07-19

The price seems too low to sell. and yet there IA
no immediate bull prospect. To-day's rangs
WAS fractional except the July. septembe,
onened at 81 cents. sold between 667s and 67x
cents. and closed at 61hQ61h cents December
kent Y cent premium. July sold at - cents and
az 73% cents and closed at 49, cents Then
Is a good demand for prompt shipment by those
who sold wheat at the seaboard at high prices
some time ago That holds the July. English
cables were steady. Paris was off l TO ~
francs The London Statisticlan" estimates the
worlds crop at $500 600 900 bushels. or 36.0O0-
900 bushels over last year. To-day's statistics
were rather bulish. a decrease in the visible
supply Of 2.O55, 900 bushels. a decrease on pas
sage Of 24O0 900 bushels. and moderate worlds
shipments-J, $4,000 bushels. Primary receipts
were about half what they were last year-46S-
600 bushels to-day. compared with 900 bush>
els II is not because OF wheat scarcity. but be.
cause Of the low price. The Letter liquidation Is
progressing slowly. His wheat here Is about
sold out He still has wheat at Minneapolis and
Duluth sor-s wheat in Great Britain, consider.
able or the Continent. Wheat clearances to-day
were 223000 bushels Northwestern receipts "a
cars. against AIS last year. Local receipts. 98
cars. with 125 estimated for tomorrow.
Oats were all day within = cent range. Sep
TENDER opened at 1871 cents sold between 70
and 1854 cents, and closed at 1873 cents. Re.
ceipts were 80 cars. with 30 estimated foo
Tuesday Thu visible decreased 36s 900 bushea
the local stock was $4,000 bushels, decrease
OF 107, 900 bushels. London was 3D.. lower.
Crop-damase claims were coming from llllnoiA
II is really favorable weather. though. FOR hG-
vesting. Tie speculative interest IS small; there
was a good shipping demand for old oats, out
stocks are small and business consequently lin.
tied.
Provisions were quiet. Lard closed where
did Saturday. pork 2h cents higher ribs D cent?
higher This steadness was In spite OF rathes
liberal hog receipts-43.O 900, with 1000 esd-
mated for tomorrow. Prices at the yards weN
2h to cents lower. The shipping demand has
improved Of late Speculation. however. Is at Z
standstill because OF yellow fever fears Specu-
lators expect better prices II yellow FEVER U
escaped
On the curb puts" on September whes3
closed at 667s cents; calls" 6'i1 cents Putt
on September corn. SSh cents: calls" Ban ID
S5 cents.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1898-07-19
THE TRADE IN CHICAGO.

Chicago. July IL (SpecaD-Corn keeps the
lead here. drawing almost all the traders. II
kept within range Of a cent to-day. and did
not close quite high as Saturday. but the
pit damned all the session. and there never
was a moment that II not easy to trade
in 600 bushels az 5000 bushels. II was still
weather affair. The Signal Service map
showed the great corn States west Of the Mis-
sssppi River without rain. and the forecast for
Tuesday indicated relief there. but there
were rains In the extreme Northwest and low
barometer up there. There wers a few showers
in Illinois. Indiana and Ohio. There was even
rain at St Louis. Weather considerations were
the sole The low prices were just at the
close and were made by passing local shower.
September opened from "a TO 33% cents sold
between Ban and 1874 cents and closed at 334s
q33a. cents. The cash people and the elevator In
terests here and West do not believe any i'm
portant damage has SO far been suffered. 1t
was quite geaerally considered. however. that
parts Of the corn belt are approaching a critical
condition. Another week OF dry weather west
OF the Mississippi River would pretty certainly
create a good many bulls Cables to-day wers
steady The visible decreased 2,S8S, 900 bushels.
Scaboard clearances were only $4,000 bushels;
the local stock 8062 900 bushels. decreased for
the week only 237 900 bushels. Foreign corn
advices are favorable The worlds shipments
for the week were 4.222. 900 bushels, against
$3.50 900 bushels last year. There was an In
crease on passage Of 10000 bushels There
selling orders to-day from Illinois and
from the Ohio Valley. There were some buying
orders from west Of the river. Still. the trade
Is almost entirely professional The tax on corn
operations is only half much as on wheat. be-
Of the lower prices: that Is an attraction
in these slow days. The bull party to-day was
led by Bartlett.Frazier. Trego- Montgomery and
Comstock. The selling was led by Harris, Prin-
gle and Clifford. There was no great individual
trade, but It was big market because every
taking a hand. Receipts were 342 cars
with 40 estimated for tomorrow Arrivals
were about half what they were last year
The wheat pit to-day was not more than half
full. There were times when II was almost
empty. The new tax law has greatly reduced
scalplng operations. The market Of course, Is
stu feeling the effect OF the Letter collapse
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1898-07-19
MONEY AND EXCHANGE.

MONEY RATES.-Money on CALL 1h41h per
cent Time money. PA per cent for sixty days
2h per cent for three months. per cent for
four months and 81 per cent for six months
Commercial paper rates were 3l4@4 per cent for
the best names for all periods. and above for
paper not so we'll known. There was little DO
ing In the money market, and Indications point
ed toward lower rates. Dealings in prime mer-
camille paper are practically nominal
FOREIGN EXCHANGE-Market dull and
unchanged. Actual closing rates were
Cables Sight Sixty dayA
a..-,t,~ asG64 s6L 4 s5%N4 4s4144S4k
rsrHnc. Sls34 6 Is< qS 49, 1-Is b2cu 1875 -
60. az I'D Ks b-iGa sGn "a 1850 8i7s
0ulders 4Ois NDG ~ 40 ~ o-4V@ ava
Following are the posted rates Of the leading
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1898-07-19
FOLLOWING are the pOSteu rdtes OF tHt IeHc
drawers OF foreign exchange:

DOMESTIC EXCHANGE. - New-Orlea -
Commercial. 300 premium; bank. 81 premium
Charleston--Buying. par selling Nc premium
San Francisco-Sght, 15c.; telegraph. 17Ihc
Cincinnati-Over counter. 50c. premium: be-
tween banks par. Boston--12hQ15c discount
Savannah Buying. LEO. discount selling. TIC
per $1,000 premium. Chicago-10c. discount
ST. Lous-10c. premium
BANK CLEARINGS.-New-Y ork-Exchanges
s77. 1888 43O: balances $5177.S43 Chicago-Ex-
changes. S17175.4S2: balances. $22S8315 Bal
ACKNOWLEDGEMENTS, S2.775.515: balances. s431.-
ESQ Observation-Disclosures. S13. 1871. 957 balances.
S2,O03. 143.
BANK OF GERMANY STATEMENT-The
weekly statement Of the Imperial Bank Of Ger
many shows the following changes as compared
With the previous account: Cash in hand in
creased 35, 10000 marks; treasury notes in
creased 100000 marks: other securities de-
creased 64l6OO 600 marks; notes in circulation
decreased aa1S0O00 marks.
FOREIGN MONEY MARKET-Can rate In
london. XQh per cent. Open market discount
sate 1X61X per cent for short and 3-l69lA
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1898-07-19
BONDS.
THE DAYS OPERATIONS IN STOCKS.

The stock market refuses TO move higher and
traders continue to work for lower quotations.
on the theory that prices must go down pecauSo
they will not go up The conspicuous feature ol
the securities situation Is the lndlIIerehce Vi
holders Of stocks to the repeated Efforts OF pro-
fessional traders to force liquidation Decnhes
last week were not accompanied by important
selling and offerings that did come upon 'he
market were readily absorbed by substantial
interests Stocks are distributed among sro"s
holders There is no inducement in the conai-
ton OF general business warranting the SAFE OF
long stock and investment holdings. nor Is there
rood reason for expecting materially lower
prices so long as distributing factor appears
in the situation. The market Ia intensely oui''
but it's undertone 10 strong. Transactiohs yes
terday were typical Of q holiday market. tottA
sales amounting to only l46.SIS shares ana
prices moving within the narowest hrlltS
Traders alone shaped the course OF values.
which resulted in insignificant net changes "r
the day.
pressure was ex.rted upon certain issues that
appeared the most vulnerable. az the Readlns
stocks. METROPOLITAN Street Railway and Man
haitian. and in the early trading prices for the
prester number Of Issues ruled below Satur-
davis closing with final figures at recoveries
from the lowest and in most cases at small
fractional gains Speculative sentiment was
bearish for personal reasons. and because
market without public support affords an OPP
portunty for lower prices that market backed
by public buying seldom offers. And II is
cheaper to trade for the short account. Tnere
is no legitimate excuse for beartshness on the
At, ok market ct present. and it is well to note
that the most conservative men in the Street
continue confident in the belief that the cur
rent year will witness speculation IN STOCKS
which will carry prices well above the hsh
level Of 1907 and in many cases as high as the
record figures Of 1881. In expectation OF such
prices the great majority Of holders are re'ain-
ing tight grip on their possessions. especially
the low-priced shares and bonds. The trade re-
ports for last week show condition thai must
soon become influential in starting a bull move
ment In stocks.
Afternoon operations were on a smaller sca4e
than In the morning. but prices were nrrner on
covering of shorts. London did very little IN
this market, and commission houses we're prac-
t,caIly lifeless as far the execution OF orders
was concerned. The only activity In the day
was in the leading speculative favorites ana the
Reading issues. Last prices showed more net
gains than losses. Weakness In Metropolitan
Street Railway. which resulted in a net loss OF
over g per cent. due TO selling that reacheo
stop loss orders The Street has expected cheer
ing news about this property but has received
instead the announcement of stock watering
operations. Trunk line and Granger shares were
sold on talk of further pate-cutting.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1898-07-19
THE DAYS OPERATIONS IN BONDS.
GOVERNMENT BONDS.-Sales. $4,000 cou-
pom As of 1925 at 1875 Final quotations follow:
RAILROAD BONDs-Market dull and

RAILROAD BONDS.-Market dull and ir-
regular at small final changes. Total sales
amounted In par value to 81, $4,000 The
heaviest dealings were in the Atchison issues,
Baltimore and Ohio rs OF 1888. Rock Islard as
Chesapeake and Ohio AIS Denver and R'o
Grande As. Kansas and Texas seconds, Missouri
Pacific collateral IS and trust IS. Manhattan
conso As. Mexican International as. Northern
Pacific general lien 3s and prior As. Oregon
Short Line income AS Pittsburg and Western
Be-. Reading As. St Louis and Iron Mountain 5s.
San Antonio and Arkansas Pass Is, Texas and
Pacific seconds Union Elevated 8s, Union Pa
cifc is and collateral 4i1s receipts. Union Pa
cfc. Denver and Gulf first receipts and Wis
oonsin Central first receipts
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1898-07-19

per cent for long bills. Berlin discount rate
81. per cent; Paris. IL per cent. rar's per-
change on London % francs % confines. per
lin exchange on London 20 marks 3912 prem
nings.
EUROPEAN SECURITIES British oonso,s'
Irrercb ran+es 1O3 francs II centimes Spanish
Der cents in London. 377s advanced -
THE SILVER MARKET.-Bar SILVER. oot 81.
against 59Ikc on Friday. Mexican SILVER uo,-
lars 4J3sc. Bar silver in London -''s''' ~
vanced 1-16d.
coin PRFNIrrM-In Madrid. 1928; LISBON
70 ~: Ruenos Avres. ia 10 Rome. 1O7 40
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1898-07-19
AMERICAN SECURITIES ABROAD

London. July 49, 2. m-The market for
American securities after firm opening was
quiet, with a declining tendency. Trading was
professional. The closing tone was dull and
the demand neglected. Last prices wore: At
Gibson. 13R.; Canadian Pacific. s57S. St Paul.
101h: Illinois Central. 112; Louisville and Nash
vile. 5414: Mexican Central new As. 6'A; New
York Central. 1IUr2: Erie. 1879: Pennsylvania
90; Reading. 81; Erie frs, preferred. Bob
Mexican ordinary D. and Grand Trunk. M
CONNOIID LIED & IOHANHE NALES.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1898-07-19
THE FEDERAL TREASURY.

THE TREASURY STATEMENT.-The oaii'
Washington statement. covering actuai re"u'''
Of two days ago. compared with the last pie
cedlng statement. gives the following balances
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1898-07-19
finanrial.

Transacts general tru1e ouBfneA
Allows liberal rSt~ q inssssss On dapos,ssena
trust funds
Issues LISTERS Of Credit ana Trsvelsrs cmcuse
Notes payable In dollars or IN she monay OF ~
foreign country.
Acss as Trustee undse morsgaess Tor railway ~
other companies. and ~ Agent for tho Regssrsssn
Of tho stock. and for the transfss Of The shArse~
incorporated oompanisA
Undertakes tho sxamtnothn a prcp~F'g
offered as security for bond Issues, G'S
the obtaining Of erpst inrrmdtos
concerning the octsa! Jaets and proposes
Of reorganization proposals. I. Z
Qualified and empowered TO sce - exs0sso
administrator. trustee. guardian. and assignee soc
receiver and custodian Of funds undsr osdsssos
Court
w. l.. TRENHOLM....."..... ..Prcssdsss
. nHStkh NJ T.. IAHxis voe-Pro'idsn''
JAMES DUANE LIVINGSTON. Trust ONCE
&. l.. CONKLIN..."...... .secretar,
II. G.. PR EST ...........Aseistaut eectet"ty
y. II. HARBERT .........Loudon Secretary
x. J. CHAPPELL .......Londen Tresss"s
DIRECTORS,
Hon. JOHN q. CARLISLE.
Former Secretary Of the Trsaswy OF shs .
ROLAND r. CONKLlE.
Vice President of the North American Tru"0~
81. CONKLIN.
secretary OF the North American Truss %
@. W. DRAKE.
SAMUEL " JARVIS.
VicePresideut Of tho North American rress ~
Hon.ADLAT +. STEVENSON.
Ex.Vice- President Of the United 6tsesA
WAGER SwAYNE,
cor Messrs. Swayne Swayne. Counseiio'ss'
Hon. w. l. TRENHOLM. ua
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1898-07-19
Nurtion Sales financial.
LOUIS MESIER. AuctfOnecr.
REGULAR AUCTION SALE OF
STOCKS AND BONDS
By ADRIAN H. MULLER & son.


WEDNESDAY. JULY 10Th,
NJ no o'clock a, the New York Real Estate saeUoo0
No. III Broadway.
By order OF ExecuoorsJ
80 aha Bowery Bank
los Natl CtizenS Bank.
dor account OF whom II may ocncsfn.)
IL shs. Western National Bank.
s shs PITTS. ~. Wayne AMI Chicago r r. dur.
is Empire CITY Fire los CO.
she John Pe,tit Realty Co PREF.
100 shs Lima Northern Rway Co.
llb abs. Houston. Eat ana West Tsxas =. h O
Is s7-ioo shs Alabama Midland R. r Co
Il .hs II. b. Clafn Co Common.
Is shs Bowery Bank
% chs Bank OF the State OF New York - a.
81 600 Columbus and Hooking Coal and Iron 20 -
1900 zanesville Terminal .. BIDS July 1891 QosSe
f2eeo. ~ Columbus. SandusSy and Hooking K n r'"~
$4,000 Noun, Norris Electric Light Co. Isl M,ss =
cougar Gold Bds., 1910.
8 shs lfrna Fire ms. Go. Hartford.
Is shs Eagle Ftro ins Co n Y.
20 shs Manhattan Fire Insurance Co
is shs United States Mortgage b Trust Go.
a. aha Phenix National Bank (Hypd0.
81 600 Iowa Central r. r. lsf Ntse p C. bos USV%S
- shs Iowa Central r. r. Pref. (HypdD.
20 eha Iowa Central r. r. Common Hiypd)
so shs Excelsior Steamboat Co Pref SHypc;(.
rs 500 Albany q Troy Steamboat Co ist Mtse y
ssss Missouri, Kansas 8 Texas r. % MtsN m
B. and Scrip, dated Octr. 1882 (HypdD
Membership y. 7, Produce Exchange Hypdo
1 Membership N. Y. Produce Exchange. ga ssseaHnW
due Hypd).
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1898-07-19
WALL STREET AND FXCHANGFS.

OUTSIDE SECURITIES. Market dull and
steady Standard OH closed AT 4llq4l2. against
4120413 on Saturday Inst prices OF oiher
prominent Issues were: American Malt 23g2'h. :;
BROOKLYN Elevated new stock. 25g2B preferred.
1890; Brooklyn city Railroad. 2lOh hid,
Glucose. common sos. a5lh; preferred 1000 loo'
Standard Gas. common. 18Sa14o; preferred. l52
a1S7; Mutual Gas. 330a3+6. Amsterdam Gas.
common. 3Ohq3l: preferred. 747AQ75B
BANK STOCK aALES.-Two shares Of the
Bank OF Commerce stock sold at 200 In the
Stock Exchange against 200 the last preceding
sale.
SECURITIES LISTED.-The following securi-
ties have been added to the Stock Exchange
list Kansas city. Pittsburg and Gulf S7ooOOO
additional fret mortgage 49, total listed 10 date.
So SIS 600: Chicago. Rock Islard ana Pacific.
81 S44 900 additional capital stock; total listed
10 date S5OOOOOO0 The 10000 additional
shares OF the Chicago and Eastern Illinois pre-
ferred stock have not yet been listed. but Will
be on the 10Th inst
BROOKLYN RAPID TRANSIT-Strength In
this stock continues. and the buying remains
good The company's earnings increased on
Saturday and Sunday nearly $4,000 as com
pared with the same days last year.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1898-07-19
BONDS AND BANK STOCKS.

1000 L : As Cou 1928. l2J
2 Bank II Com 200
1860 Adams Tx is.. Ssh.
1000 Am Tob Scrip. -. "a
COCO A G d p LIST Rots 10
5000 Atch Top * q +
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1898-07-19
LITTLE CHANGE IN STOCKS.
SMALL FRA CTTONAL GAINS.
LIGHTER BUSINESS IN BoNDS-MONEY
AND EXCHANGE.

Closing prices yesterday of the principal ac-
tive securities and net changes from saturdays
quotations were follows:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1898-07-19

Actl cash bal s245l78e5A s24es8e,ec4 Inc fAle2s'o
GOVERNMENT RECEIPTS.-Customs re-
co,pts reported from Washington. S42S429 In
ternal revenue receipts 81 co. s6 and the mis-
cellaneous receipts. S219.260; total Government
receipts for the day, $2.250,416; expenditures
So 664 600 Receipts for the month 10 date go
Oq4 1853: expenditures GA. 12S,OO0; excess or eH,
pcnditures SIS G33 I61 Receipts OF NatlQnai
hank notes for redemption yesterday. S'69, los
SALES AT THE STOCK EXCHANGE.
RAILROAD AND OTHER STOCKS.
The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1898-04-24
NAVAL STRENGTH
OF THE NATIONS.

The United States now ranks fifth
among the naval Powers Of the earth,
and is a tie with Germany. England
is first, France second, Russia third,
and Italy fourth. The Germany navy
is better supplied with torpedo boats
than that of the United States, but we
are little ahead on battle-ships and
cruisers. Taking one consideration
with another, however, there Is very
little difference. When the Kentucky,
Kearsage, Illinois and the other vessels
now building are afloat we shall sur
pass Germany; but the Germans, how
ever have a magnificent scheme for the
development of their navy. and the re-
cent episodes in China were planned
for the purpose Of stimulating the in
terest OF their Parliament and the peo-
pie. If the Emperor's programme Is
carried out, Germany will spend $780,
600, 900 in naval construction during
the next nine or ten years-an average
of about $40, 900, 900 a year for battle
ships, cruisers, coast-defence monitors
and other fighting materials, and will
run away aheao Of us and take the sec
ond place. In 1906 the German navy
will be increased to seventeen battle
ships OF the first class, eight coast-de-
fence vessels, nine first-class cruisers.
and twenty-six second-class cruisers.
The battle-ships will be the most for
midable in the world, and are to cost
$5, ,OO0, 900 each. the cruisers, So. 900 900
each and the small cruisers, 81 900 900
each. The appropriation by the Ger
man Parliament for the year amounts
to 100000 and will be spent in the
construction Of three first-class battle-
ships. one first-class armored cruiser,
five second-class protected cruisers,
! two gunboats, eight torpedo-boats. and
one torpedo-boat destroyer.
During the present year Russia will
spend $7.500,000 for her naval estab-
lishment. She has now under con-
struction nine battle-ships. two coast
defence vessel. two armored cruisers,
four protected cruisers. four gunboatS
and forty torpedo-boat&