davidaulloa/AmericanStories huggingface dataset:
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1899-05-29
THEIR wATERED STOCK.
why the Trusts Go to New Jersey for
Incorporation.

Philadelphia Record.
An idea Of the gigantic growth which has
been attained by the trusts may be gained
from the frank admission of Senator Keen,
that the annual revenue of the State of New
Jersey from the tax On corporations
created under our laws now amounts TO be-
tween $500, 200 and 100000 a year" He adds:
You can readily see that the people who
benefit from this influx of wealth are not apt
TO be antagonisuc to the corporations which
contribute. The corporations select New
Jersey not because our laws are not per-
fectly legitimate, but simply because we do
not require returns from private corpora
tons. Public concernS-such as banks, in
sUrance companies, etc.-mus file their
but private corporations are ex-
empt."
ment TO say that one-half of the total cap
italization OF the concerns chartered in New
Jersey during the past year represents
"water"-that Is, a legitimate valuation put
upon the various properties would not ex-
coed one-haif of the total capitalization. In
most cases this fact Is recognized by the In
corporators: for about one-half of the capital
absolutely no security, either with respect
TO the principal or to dividends. The COM
nor stock OF such concerns Is good enough
to gamble with, and, like the stock OF some
railroads. Is bought and sold with full
knowledge that II is intrinsically valueless.
1t Is true that some New Jersey corpora
lions have been phenomenally successful,
petition. to earn large dividends on their
watered stock. 1t Is by NJ means impossi-
BILE, nor even unlikely. that many OF the
newly formed trusts may. for a time at
least. make large profits: but sooner or later
the TIRE Will turn and then El@ny unfor-
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1899-05-29

To the Editor Of the indianapolis Journal:
1t seems to me that We are unnecessarily
alarmed about the growing power of cor
porations and their organization into trusts.
One would think to hear the current talk.
that the Vanderbilts, Rothschilds, Goulds
and the Standard Oil Company had the
American people by the thoat and that the
Money Power could any day ruin us all.
While this talk yesterday was at its loud
large majority voted as against the COM
bined influence of the whole above outfit,
quietly taxed the franchises of all the cor,
porations OF that great corporation-rid
state. That does not look very much as II
the people of the Empire State had lost all
control over their money kings, either in
dividually or in corporate combinations.
And so with trusts Texas has just passed
a drastic antitrust law which all the
Southern States will adopt next year, or
sooner if necessary. And II that is not suffi-
cient the American people hold the reins in
their own hands. Congress in a weeks time
could smash any or all these trusts by SIM
ply putting the ~monopolized article upon
the free list. How long would the nail trust
survive a line in our tariff admitting nails
free or duty? And what is true OF nails Is
just as true of any other of the hundred
articles which underlie the trust corporation
combines. The truth. about this matter is
that lO,Oc,OcO OF thinking ballots are strong
er than any possible combination of capital
lists. This talk about capital controlling the
press and legislation is all bosh: In proof
L again cite the cooperate franchise tax bill
passed yesterday in New York State. Hun
dreds OF capitalists have at as many times
attempted by combination to corner and
control the price of wheat, pork and other
staples. They have always failed, and often
the Napoleon of the combination-for ex-
ample, Harper. of Cincinnati-has found
himself in the penitentiary as his reward.
So with capital and trusts against the
American people. What is the 1.ooo or 10000
million dollars of any possible financial
combine as against the 100,G 600 millions of
dollars owned by the American people? Or
what any combination of rich men as
against the great American electorate?
u. p. BALDWIN.
Logansport, Ind, May 26.
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1899-05-29
THEY BURN OIL.
Fuel Used on Railways I'm Russia and
Central Asia.

III MAIL MdBdzihc.
In appearance astatki, a product of the oil
wells Of Baku Is a dark. viscous fluid not
more infiammable than vegetable oil, and
less so than coal. AS a steam producer II
has no rival, and the demand for this pur-
pose Is constantly on the increase. Moth
ing else Is burnt on railways in Central
Asia. the Caucasus and Southern Russia,
on the Black sea, Caspian and river steam
ers, and in the innumerable industrial works
Azov littoral. In the railways which en-
ploy this substitute for coal. locomotive
tenders are not piled high with black dia-
monds, but carry a sheet-iron astatki tank,
which is filled by pumping, or the force of
gravity. Numerous are the systems of feed
every engineer has his own apparatus. The
principle of all is that of the Roots blower.
A current OF steam, or preferably air, car
rying with Ii the fuel in minute subdivision,
is forced at high pressure through a nozzle,
called a "pulveriser," into the tubular in
terror of the boiler to be heated. The result
1t an intensity white, roaring flame, and in
astatki as compared with coal on a steam
raiser, is as 2z 10 l.. The former sells at
Baku at $3.50 per ton, and when the pipe
line connecting that place with Batoum is
complete, astatki Will be delivered at the
steamers side at something like 81. AT the
compete with its youthful rival. Nor do the
advantages of astatki end with its cheap
ness. Engines burning Ii require no army
Of stokers, for all that Is necessary in the
largest Is a man to regulate the supply by
taps. There is no smoke, litter or dust.
Many a passenger by ocean steamer will
bless the day when astatki shall supplant
coal: and the stokers who are roasted alive
in tropical waters will have still greater
reason to be thankful for the revolution.
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1899-05-29
Pollution of Streams.

To the Editor of the indianapolis Journal:
Will there ever be any relief from the
pollution Of our rivers and the wholesale
slaughter of bass that has been going on
for years In open violation of law and de-
spite OF the special enactment OF last winter.
making each day the law was disregarded
a special offense. True. we have a fish COM
missioner who promised great things. but
what has he done? What do a few seines
or a hundred, for that matter, amount TO
II the refuse from mills is allowed 10 be
turned into our rivers. killing more fish
every day than all the seines. spears. nets
and guns do in a hundred years? II half
the diligence was exercised in the proper
direction that Is wasted in running after a
few trifiing violators our relief would have
long since been an assured fact.
Another spawning season is here and our
river is I'm a condition that Is. even this
early. killing the fish by hundreds. And yet
/ will venture 10 say II the fish commission
er should hear of some carp fisher disre-
garding the majesty of the law he would
be in Marion in FIVE hours. The fishermen
OF Indiana are patient and law-abiding. and
have stood a good deal. but the time IS
here TO do something. and something u 60
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1899-05-29
From Sundays Second Edition.)


PARIS, May 27.-Former President Har-
rison, accompanied by Gen. Horace Porter;
an interview lasting twenty minutes with
NJ. Delcassn, minister or foreign affairs. The
interview was of the most cordial character.
This afternoon Mr.. Harrison and Mr.. Porter
called on President Loubet. After a cere-
monious Introduction. the former and the
actual President dropped all Formally and
cOnverSed in the most friendly manner on
topics of interest to the two countries.
NJ. Loubet said he was especially pleased
to meet Mr.. Harrison, who was "doubly his
colleague, both being heads OF sister repub-
lies and both lawyers" He also said he de-
sired TO congratulate Mr.. Harrison on the
mission with which he had been intrusted
and which had brought him to Paris, and
expressed qualification that the Venezuelan
commission had elected to meet in France.
Mr.. Harrison replied in a similar vein, say
Ing he was rejoiced at the meeting of the
p~ortunity of visiting for the first time a
country for which he had the most profound
by so many inseparable bonds. He then
thanked NJ. Loubet for the cordial hospitality
shown the commissioners, whose mission
was one of peace. and for the interest shown
in their work.
The President and ex-President then
drifted to the general subject Of arbitration,
Mr.. Harrison expressing the view that it
was essential, In order 10 make the use OF
arbitration general, that the representative
Idea should be eliminated from such tri-
bunals. In order that they should retain a
f0ANAs JoNANAot NAhA 'NCiy OAkAO OA
arbitration tribunals should. he thought, be
absolutely Indifferent TO the individual in
terests OF the parties In the litigation"
In the course of an interview with a rep
resentative of the Associated Press Mr.. Har-
rison said that President Loubet seemed to
be a sincere friend of arbitration. Mr.. Har-
rison also said that the original Gate for the
meeting Of the commission was chosen with
a view to enable the Americans to return
TO the United States in October. but under
present circumstances Professor De Martens
had fixed the new date for June Is. as he
expected that hfs part of the business at
The Hague would be over then. He added
that, although 1t was difficult to say when
the work of the commission would be COM
pleted, he hoped 1t would be terminated
by the end Of August. The commission, he
said. would probably hold four meetings,
each of four hours duration daily. This
means from eight TO ten weeks of effective
work. in which Will be crowded the whole
case. with pleadings of counsel. In regard
to the peace conference he said he thought
the principle for which 1t had been called
would not be attained, but that some form
of arbitration or a step toward its adop-
ton may be the. outcome of the meeting.
Ex-President Harrison and Mrs. Harrison
have accepted an invitation to the Parlia-
mentary dinner to be given President Lou
bet on Monday next.
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1899-05-29

The hinge of the present situation turns,
as every one sees. on the probable supply
or pig iron and the price which 1t will reach.
III the London Statist is right no estimate
of an advance in pig iron is likely to prove
exaggerated. The world output of pig iron
this English paper places for the year at
100000 tons. This is. we believe, an exag-
geration. as 1T assumes a yield of 1900. 600
tons for this country. The yield is not
likely to be over Il. 100000 tons. The Statist's
estimates may be fairly reduced to from
3O,OOO,cU. TO 100000 tons, or from 5,00O,0OO
to 100000 more than recent years. This re-
quires from $500. 600 to 5000, 900 tons of ore.
On the Statist's estimate, 1900. 600 or more
tons will be needed. Where is this to come
from? In 1898 this country turned out
100000 tons Of ore, Germany 1910 900 tons.
Spain 100000 tons and England 1900. 900
tons. This is 100000 tons. From some
where some 10. 200 to 10000, 900 tons of ore
must be produced. The Statist bluntly de-
clares that there is no place from which
this ore can come at once. Mines enough
exist able to produce il when they are
developed. but this takes time. The pres
ent mining plant was worked for all il was
worth in 1898. 1t is not adding TO its output
at this tremendous rate, and If il does IL
must be at a higher cost for ore. This view
is certainly plausible, and the Statist there
fore concludes that prices must rule consid-
erably higher, however furnaces are pushed
and new stacks blown in, because the
worlds ore capacity cannot be raised from
100000 TO 100000 tons a month at once
or until a year or more has elapsed for de-
yelopment.
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1899-05-29
MARS AT CLOSE RANGE.
Easy to study His Face When Only
Thirty-Five Million Miles Away.
Mabel LOOMS Todd, i'm st. Nicholas.

All the monster glasses with which the
late rapid advance has been made in knowl-
edge of our celestial neighbors have come
into being since the civil war. Until then,
In this country. the Harvard telescope of
fifteen inches was the largest. About 1860
one Of eighteen and a half inches was or
dered for the University of Mississippi; bu:
with the breaking out Of the war telescopes
hadatO wait, and these lenses are now at
theyNorthwestern University. In Evanston,
Ill. 1t is only since 1870 that really huge
instruments have multiplied and are nightly
turned upon the starry skies 10 ask the
questions which. seem to our impatience so
But many answers have come, after all,
and some things are clear which before
could only be surmised. For instance, we
feel quite sure now that Mars has an atmos-
phere, though not more than half as dense
as our own; but far better than none, as
We can tell by looking at our bright though
dead and desOlated MOON, from which air
and water has long since disappeared. And
if Mars has air, the polar caps alone would
seem to show that he has also Ice and snow:
and there appear to be, as well, areas OF
water or marsh, though less in extent than
the land. The northern hemisphere looks
brighter through the telescope. even show
omers are inclined to think are chiefly. dry
land, probably desert; while the southern
is dark, the seas" brown or dull gray, quite
first called seas, like the smooth regions OF
the moon, and the name continues in both,
whatever they may be.
Ia Aofs "oo ak Ac - ~ vs..
near. that is. from an astronomers point OF
view, though really at the enormous dis
lance of thirty-five million miles. Yet a
great deal was learned about this neighbor
in the sky-among other things. that ne Is
attended by two tiny satellites, or moons,
never seen before. And the same year an
Italian astronomer, Signor ~Schiaparelll
pronounced skeea-pa-relly), made careful
studies and drawings of the strange mark
ings on Mars, completing. with the fine
telescope at Milan, a series of elaborate
sketches afterward combined into an ac-
curate detail map.
Again. in 1892 and 1894. the earth and
Mars came near each other in their flight
through space, though somewhat farther
than during the year 1871. And within the
last few months We have been once more
in a good position to observe each other
But we are favorably placed because only
under these conditions can we see the NORTH
pole of Mars. and so much more is known
about his south pole that there is, OF course
a strong attraction in the mysterious NORTH
regions. Only at this great distance is the
north pole graciously tilted toward US. so he
has been constantly watched this spring
and so he will be again in a little over tive
years. Eight years. however, will pass be-
fore the Marian south pole can again be-
studied to good advantage; in September Of
1909, too, all observatories will be on the
eager lookout for news from this fascinat
ing planet.
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1899-05-29
strong Men for Governors.

To the Editor Of the indianapolis Journal:
The Importance of having an able man in
the executive chair of a State was never
better illustrated than in the recent passage
of the franchise tax act by the New York
Legislature. The measure establishes a
principle Of taxation Of vast and growing
importance, and could not have been put
through any state legislature without the
masterful hand of a Roosevelt. 1t is through
the power and energy of such men as Oliver
2. Morton and Theodore Roosevelt that
States make their best history. Indiana's
proud war record was the work of her
greatest Governor. Not much can be got
out Of a Legislature that is not dominated
by a strong man in the executive chair. No
consideration should be given greater weight
in the selection of the next Republican cam
dldate for Governor than the importance of
choosing a man that will be able to exer-
else a proper influence over the legislative
branch of the government. Our candidate
should be a leader of men. The Governor
of a great State like Indiana should not only
be wise enough to suggest proper legisla-
ton, but powerful enough to secure its en-
actment. There are plenty of good fellows
In Indiana who are not fit to be its Gov
ernor, and care should be taken that the
Republican candidate Is not taken from their
ranks. J.. H..
indianapolis, May q.
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1899-05-29
Charm.
New York Commercial Advertiser.


Wherein lies the special charm and lure
OF so-called "rag-time" music? A skilled
musician will tell you the "rag-time"
measure has. no place in musical science.
Strictly speaking, IL is a lengthening or
trailing out of the ordinary two-step time.
and II has fitted itself to the whimsical or
mawkish ballads, coon" and white in a
way that has caught the popular brain and
ear to the extent of creating a craze. Now
adays the effect of ''rag-time' music upon
most gatherings is immediate and peculiar.
There is a swing and Tilt to Ii that sets
feet to tapping the floor and heads to wag-
ging foolishly. In table d'hote chambers OF
horrors the striking up of any one of a
score OF familiar 'rag-time'' melodies Is
productive of divers startling phenomena.
Stout gentlemen with heavy jowls who had
been regarding their platters with suspicion
brighter up suddenly and attack their con-
tents courageously, If with misgivings. The
discharged soubrette ceases ting
upon the mysteries of house rent and looks
untroubled. Strangest of all. a dozen en-
thusiasts without voices become convinced
Of their ability to sing. and prove IT by
stopping in the middle of a course 10 roar
until silenced by fatigue or apoplexy. The
rag-time melody is the hit of the day. From
what does IL derive its touch of magic?
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1899-05-29
AN INTERESTING HERETO.
Rev. DR.. McGinert and HIS Unorthodox
Teachings.
Minneapolis Tribune

Minneapolis Tribune.
Henry Ward Beecher's remark. that "or-
thoooxy Is my doxy, and heterodoxy Is your
doxy." still holds good. from the stand
point of sectarfan or individual thought. The
matter OF orthodox and heresy is simply a
question OF the point of view. II one man
believes a certain thing, all persons who
dissent from him are, from his standpoint.
heretics. whether the case at issue be one
of religion. morals, science or practice. But
when a religious sect or denomination
agrees upon a certain body OF doctrine and
makes assent TO this doctrine a condition OF
admission to membership and fellowship, it
has a right to insist that all its members
shall subscribe to it's creed.
that DR.. McGiffert's views and teachings
are at variance with the creed of the Pres
byterian Church, TO which he belongs, and
titude towards that church. For instance,
in regard 10 the Savior OF mankind, the
doctor holds that Jesus conceived his own
sonship as a privilege which any one might
enjoy; that he did not teach that faith II
or attachment. to himself is a condition OF
entrance into the kingdom, and that he
was disappointed in his expectations as &c
his own work in securing disciples. AND
again, as to the apostles, Dr.. McGffer'
teaches that the church was built by then
on neither the Deity nor the sinlessness OF
Christ; that the men whom Christ gathered
about him regarded him in neither of these
aspects. but thought of him only. as the
ing the messiaship of Jesus rather thar
the fatherhood of God the burden of theii
preaching, reversed the Masters estimate
of values. There are other matters ir
| Which DR.. McGiffert differs quite as radi
cally from the views held by nearly al
the evangelical churches. The difference
| appears to be vital, and unquestionably
| make him a hereto from the standpoint o.
his church creed.
In view of these facts, the treatment o.
DR.. McGiffert by the Presbyterian denomi
| nation would seem TO have been most gen
| erous and forbearing. The General Assem-
bly, has not presumed TO
hfro r ouon 70 hiring him m trial Dut has
referred his case to the New York Pres
bytery. where it can be considered by, mer
who know and presumably admire and low
| him for his numerous admirable gifts AM
graces. BY the New York Presbytery M
| will undoubtedly be treated with great con
| sideration, but 1t is difficult to see how III
| and that body can live and work together az
| Observation-Disclosures unless he recant'
| or the church alters some Of its proclaimed
fundamental beliefs.
The ability and courage displayed by Dr
| McGiffert make him a most interesting
| hereto, and if he is ever brought to trial
the case will be one of the most notable IL
the history Of church trials.
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1899-05-29

The day of the author-the proud and pro-
fessional author-is past; the monopoly
which he held for years has been wrested
from his hands, and the chances are he will
soon be as extinct as the dodo. Time was
when the author put on many airs; when
Macaulay explained the Importance of the
historian at great length to the attentive
world; when Ruskin enlarged upon the crit
les manifest significance. and Tennyson
sang in unstinted measure the praises of
the poet. Society. simple of heart, accepted
these gentlemen at their own valuation,
and confidently believed that what they did
nobody else could do.
We have enlarged our vision since those
primitive days. We have learned that while
the literary man will serve we'll enough at a
pinch-when nothing better can be gothic
really desirable thing is to persuade bank
presidents, railway magnates, members of
the Cabinet, foreign ministers. distinguished
artists. actors. cooks end prize-fighters to
enter the ink-stained arena. The enterpris-
ing periodical which can promise its readers
a timely article on Children of the Trop-
ics." by the secretary of state; or 1.-The
Minor Poets of Kansas by a cultivated
congressman: or Rapid Transit in Our
Great Cities" by the president of a street
car ompany: or Problems of a Metropo-
lis. by the manager of a theatrical trust,
nav justly boast that it is educating that
mystic invisible thing-the public taste.
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1899-05-29

LONDON, May 27.-Particulars received
regarding the famine in Russia confirm the
previous narrowing accounts. The member
OF the Russian aristocracy seem to have at
last awakened 10 a full sense of the gravity
of the situation and money is beginning to
flow in on all sides for the relief Of the
starving Moujiks. Unfortunately, charity
is almost too late. The censor at first pre-
vented the truth from being published by
the Russian press. Now that the facts are
allowed to appear, the famine spectre is
stalking through the land. Some author
tiles estimate that as many as %, 1000 900
peasants are starving. The Rev. Mr.. Fran
els. pastor of the British American Church
at st. Petersburg. who did much to secure
British and American aid during the last
anime. appeals to the British public to-day.
He says seven provinces, covering 1900
square miles are affected and that tve mil
lion people are famine stricken and will
need TO be fed during the next three
months. He adds hat the Car, Czarina,
Russian government and Red Cross and
other bodies nave subscribed many millions
Of roubles, but that s2, $4,000 is still re-
Quired.