The Irish standard. [volume] (Minneapolis, Minn. ;) 1886-1920, 1900-07-14


the stock OF the corporation in excess
OF the number of shares equal to the
number OF directors OF the corporation
should be transferred to the trustees Of
the Standard Oil trust who would issue
in lieu thereof trust certificates for the
lace value OF the shares so deposited
These trust certificates, it appears, arr
now quoted at from three to five time.
their face value"
Now, ii the Hennepin assessor will
only follow the governors suggestion
and enter mp for taxation, at fair valu
alton, the property OF this grasping in.
stltution the gain to the state will be
simply enormous, for under a recent
ruling OF the United States supreme
court the assessor can and should cnte,
up the property for at least six years o.
the time during which it has been delin.
quent.
In this connection it might be inter.
esting to note that Governor Lind ad.
dressed his letter to the Hennepin as
SCISSOR on the very day that the Repub-
lican convention nominated for the I'M
portant office OF railroad commissioner
one OF the Standard Oil company's hired
men at Two Harbors.
Some statesmen there are, some poll
ticians, whose influence ceases the mo
ment they retire from active public SER
vice. Not SO with Tom Reed. From
his lawyers Office in New York he con-
tinues to express himself on all public
questions, and it is remarkable to OBJ
serve with what consideration his words
are received. For example, the brainy
ex-speaker is known to have absolutely
no sympathy with the expansionist pol
icy of the Mckinley administration, and
it is, due chiefly to his caustic criticism
of the Philadelphia nominations that
many have been turned against the tick
ct who otherwise might have been en-
tllusiastic in its support. In one in
stance, at least, man who gave $4,000
to the Republican campaign fund four
years ago, has told his friends that he
will give nothing this year and he at
tributes his change OF heart solely to the
reasoning and position of Mr.. Reed.
1t is good news that Editor Hearst OF
the New York Journal and San Fran
cisco Examiner gives to the Democracy
OF the country and especially of the west
this week. 1t is the announcement of a
new journal in Chicago, to be inaugu-
rated at once, to be known as the "Chi-
cago American" and to be devoted, TN
der Mr.. Hearst's management, to the
furtherancc OF American ideas and prin-
ciples and the support, as the best repre-
sentative OF these ideas and principles
OF the Democratic party and the Demo-
cratic candidate, William Jennings
Bryan. 1t is needless to say that the
courageous and energetic Mr.. Hearst
will make OF his new venture COM
plete success and that the Chicago
American will during the coming CAM
paign be of incalculable assistance to
the supporters of Mr.. Bryan.
The railroad and warehouse commits
sion. nothing daunted by the ridicue OF
railway attorneys and railway interests,
has come to the definite conclusion that
the St. Paul & Duluth and Northern
Pacific are competing lines of railway
for the transportation Of freight, MGR
cl,andsc and passengers from the city Of
Duluth to the cities OF St. Paul and Min
neapolis, and that therefore the sale of
the St. Paul & Duluth, to the Northern
Pacific Railroad company is in all re-
spects in violation OF the laws OF the
state and void. That great legal bat
tic will follow as result OF this con-
clusion is already apparent and upon
the ISSUE more depends than the rail-
roads would have the public believe. In
fact, the contest will be one in which not
only the country tributary to the two
roads, but the entire state will be vitality
The St. Paul 8, Duluth, it
must be remembered, is the only road
doing business in Minnesota that lies
wholly within the state. 1t is the only
one, therefore, OF all the roads operating
between the Twin Cities and the head Of
the lakes that is amenable solely and cx-
cusivcy to the laws of this state and to
the control OF the railroad commission.
All others originate without or extend
beyond the borders Of the state and can
to great extent make themselves Sc
cure in their schedules OF charges and
prevent the wholesome interference OF
Our state railway commission by alleg-
ing the carrying on of an interstate
business tbs plain, therefore, that the
absorption OF the St. Paul &, Duluth by
the Northern Pacific would be a public
misfortune 1t was through the indie
pendent character of the St. Paul &
Duluth that the decision in the New
Ulm coal rate case, affecting the whole
southwestern portion OF the state, was
made possible. With the St. Paul 6;
Duluth merged in the Northern Pacific
this cminently fair and timely decision
would be void and OF no effect, the
Northern Pacific as an interstate line
being in position to ignore the COM
MISSIONS ruling by setting up the plea