davidaulloa/AmericanStories huggingface dataset:
Omaha daily bee., 1901-01-16
DECLINE OF THE TRUST.
Limit to Consolidation OF Big In
terests Reached.

Limit to Consolidation OF Big In
terests Reached.
Portland Oregonian.
The financial and Industrial record of the
year Just closed has dispelled another dream
of the theorists who view With alarm"
the alleged encroachments of capital on
those who have none. The consolidation
craze was at its height In the early months
Of 1899 and the almost countless millions
involved ION paper in the capitalization Of
new companies coming into existence and
expanding from the foundations of the
older institutions caused much concern
1t was feared that this growing tendency
toward industrial monopoly foreshadowed
the doom of the smaller investor. dealer and
manufacturer. Had this consolidation
movement been an unqualified financial sue
cess the figures for 1900 would have been
largely in excess of those of 1899 Money
was more plentiful. the general prosperity
OF the country was greater and all condi-
tions were much more favorable for hand
ling gigantic financial schemes than In 1899.
In spite of these facts the aggregate capi-
talization OF the new consultations OF 1900
were but $945, 900 900, compared with over
81, 500 900 900 in 1899.
These figures Indicate that there is a
limit to consolidation of big interests; that
there is a point at which they may become
| so unwieldly that they prove more profita'
Omaha daily bee., 1901-01-16
GOLDEN
OMAHA
CORPORATION


Not the oldest, nor the greatest but ont
of the SAFEST INVESTMENTS oncred IN
the California oil business is
THE PREFERRED STOCK
of this company, which Is offered now al
a low price. subject TO advance on compile
ton of well No. 2, which is now started
The character and business standing oi
its five Omaha and four Los Angeles d.
rectors assure wise and careful manage
ment.
our PROSPECTUS
with names of officers and directors, maps
and full particulars, will be sent you for
the asking.
JOHN &. CORTELYOU, Pres,
1911 Davenport ST., Omaha.
Omaha daily bee., 1901-01-16
LOANING TO EUROPE.

Germany will soon place another
loan on the market, amounting to at
least OO,OOO,OOO, and 1t is expected
that government will endeavor to nego-
tlate considerable part of it in the
United States. This, II Is said, will not
necessarily involve the sending of very
much money to Germany. Our credits
in that country are today probably
greater than they ever Were and the
loan can be easily consummated through
shifting of credits, as was done with
the first of the German loans last year.
The kingdom of Bavaria is also in
the market for loan of $25,O0O,O0O and
1t is understood expects to raise the
money In Berlin and in New York.
The impression In the latter city is that
even If Berlin gets share of this loan
it will not be the lions share and will
lean credits, so that It will be accurate
to say that the whole loan ia financed
with American money. These two trans
actions, it Is stated, will increase by
at least $75,OOO,0OO American invest
ment in the loans of foreign nations.
1t is probable, says a New. York dis
patch, that private arrangements made
between banker and banker, one Amer
lean, the other European, represent
American bankers credits across the
sea of not far from $75,OOO,OOO more, n
part Of which will be liquidated through
the placing of these national loans. 1t
IL believed that within the next two
months another British loan will be
offered in the American market, unless
there shall he an early ending of the
war in South Africa, which does not
at present appear probable.
There are some who regard with ap
prehension American investment In
foreign loans, on the ground that II
takes out of the country money tina,
ought to be employed here. In the last
national campaign the democrats
pointed to it as evidence that condi
tions here were not so prosperous as tn,
republicans claimed. But these foreign
investments We're drawn from the larg,
surplus in excess OF any home demanC
and had no effect upon the money mar
ket. This will he the case With furthe
foreign loans. Capital has been ac
cumulating here so rapidly In the las
three or four years that our moneye,
institutions can buy foreign bonds with
out having to reject any Legitimate
home demand.
OF course there Is Il point in thi
loaning abroad beyond which II Is no
desirable to go, but that point has no
yet been reached and probably viii no
be in the near future. 1t is not to b
. expected that European government
| will continue to place loans ON tn
American market, What they hav
!. done in this respect caused no littl
G resentment on the part OF home cap
4 talists. But so long as foreign loan
$ carry rates that make 1t profitable
G invest in them more or less America
e money will find employment in tn,
{ way.
d 1t Is believed that within the next 81
months the amount of American capt.
Omaha daily bee., 1901-01-16
Personal NOTES.

The late Philip ID. Armour once said:
II am no talker. / made my fortune by
learning to keep my mouth shut When
the teeth are shut the tongue Is at home" "
The fact. however, that Mr.. Armour
never during mis- long, exciting and eventful
business career, struck first or attacked
any man, except in self defense, will al
ways stand out as one of the great traits
OF his character
Mrs. Julia Dent Grant, widow of the gen
eral. recently denied the stories of her hus-
bands dislike for music. "Hc did not, she
said care for musical gymnastics, as he
called them, but he was most fond of music,
and oft en- asked me to sing for him"
The citizens of Cripple Creek and Victor
Colo, have joined in presenting to Colone
Roosevelt the club with which he was
struck at Victor when he spoke thore last
fall. The club has been trimmed with
Cripple Creek gold and suitably inscribed.
Congressman Shattuc of Ohio has a weak
ness for gaudy vests, although in other re-
spects he dresses quietly. His seat in the
house is in the front row OF the republican
side and he jocularly says that he wear'
showy vests in order to catch the speaker
eve.
several dDit ldWNtis III oil'' y
| whom fees are large and frequent, hav
| shown. IL Is reported, by speedy dec'ina
| tions that the position of Judge OF tn
newly created United States district cour
| there does not have sufficient attractions
| even with the honor ADDED to the meage
salary. to induce them IN accept the pos
| tion,
! The pope gave an audience OF thre'
| quarters of an hour the other day to
| Eugene Wolf who has Just returned froi
| an extensive tour through China. Tt
| latter says that he was much impresse'
| rot only with the holy fathers physics
| strength, but with the clearness OF mir
which he displayed in listening TO the stor
related TO him.
Bunker IIill monument at Charleston
Mass. l. to have an encircling row
electric lights near its top at night II an
BODY can be found willing to pay the cos
estimated at 81 200 "A year. The monumc
ass ociation refuses to pay the bill al
some of it's members, while they will n
oppose the project, are of tho opinion tn
the sarish lights would cheaper the histoI
pile,
Omaha daily bee., 1901-01-16
All the World watche e d /.

PhlTHdeIphlH KeCOrH.
There has seldom been better illustra-
ton of the bringing together of the nations
through modern instrumentalities than the
publication from hour to hour during the
last four days of the plight Of the wretched
people on the stranded steamer Russie. on
the coast OF France, wrecked on Its pas
sage from Oran. Algeria, 20 Marseilles. The
people of all the continents have partici-
pated in the suspense and the sufferings of
these unfortunate voyagers and in the JOY
of their final rescue,
Omaha daily bee., 1901-01-16
THE UNITED STATES SENAToRSHiP

THE UNITED STATES SENATORStflP.
The Legislature has begun balloting
for two United States senators to rep
resent Nebraska in the upper branch OF
the national legislature. Under the
constitution the only qualifications ex-
pressly prescribed relate simply to age,
citizenship and residence within the
Time, custom and precedent, however,
have prescribed other and additional
qualifications no less to he regarded If
the selections are to meet the require
ments exacted by the people.
The position of United States senator
is the highest within the gift of the
commonwealth. 1t Is an honor as a
rule reserved for public men of tried
experience and known ability. 1t offers
opportunities for the advancement of the
state and nation that can well command
the sterling traits of craftsmanship and
the exercise of talents tested by deyo-
ton to the public good.
There should be a line of graduation
in the standards set for service In our
representative bodies. \ higher order
of ability is looked for in state legisla-
lures than in city councils. a still higher
order in the lower house of congress and
! the highest in the membership of the
national senate.
! While business capacity, as evidenced
| by successful commercial or industrial
enterprises or professional careers IL
desirable, United States senators should
also have familiarity with subjects OF
public interest and an acquaintance
with the needs and sentiments OF ~,
people they are expected to represent
Ideas and ideals that make for progress
and convictions that mark charactei
should be as essential for senatorial
seat as legal learning for an efficien
judge upon the bench.
III our system of popular government
there Is nothing to prevent any one WHIT
fulfills the legal requirements to aspir,
TO the highest Office within the popula
gift, no matter how lacking he may b.
in the other qualifications that go {,
constitute merltorious candidate. Blu
it devolves, in this instance, upon tn
members of the legislature vested witt
this important duty to apply the tests
not in their individual capacities. but Il
representatives of their constituencies
and to contne their favor to men who
as senators, can reflect credit upon them
, selves and on the state. Nebraska ha
/ contributed to the United States senat
several eminent representatives VIII
have reflected honor upon that illustr
, Gus body. In choosing now two ne,
senators for the state the aim should b
, to give them capable and worthy su,
cessors.
Omaha daily bee., 1901-01-16

Colorado pOpocrats found it necessary
to show their idea of political rights by
throwing out of the legislature the re-
publican members elected from Pueblo
by large majorities. Nebraska repub-
licans preferred to do themselves an in
justice rather than unseat democrats
who gained a similar position by rea'
son OF outrageous frauds. 1t Is no more
safe to judge politician by the loud
claims of purity and fair dealing he
makes than it Is to take your eye of
the cupboard because the small boy is
humming church music
Omaha daily bee., 1901-01-16
IN MEMORY OF "DOC" GEO. SMITH.

Into what vast and voiceless realms
Have you, now. gone, intrepid soul? =.
What deeper knowledge have you gained
What higher truths have you discerned?
You, who were strong to find your way
When foes were fierce and friends were rev
viii journey swiftly and In peace
With earths confusion left behind
And Gods love shining on before
But many hearts now faltering
Upon Times treach'rous, shifting sands
win miss their brave and gentle guide.
Your sturdy force and chcery word,
Your doctrine of the right OF man
To active help I'm time OF need
Stretched far beyond the boundry line
or shallow souls and narrow creeds.
Search on, undaunted pioneer,
Beyond life's limits. mark road
For those who, soon, Will follow you.
BELLE WILEY CUE.
Winside, Ncb.
Omaha daily bee., 1901-01-16

Mrs. Nation has decided, after spend
ing n season In a Kansas jail, that play
not so much fun and Is productive of
less glory than she imaglnes, and has
given bail for her appearance at the
time of her trial. The Kansas law pro-
vides IA way FOR getting rid Of the sa-
looms in that state ana those who vio-
late the law in the effort to suppress
them put themselves in the same cate
cory as other lawbreakers.
Omaha daily bee., 1901-01-16

Rev. DIR, Stevenson may be little
ahead of his time, but the west will
suffer nothing because OF his enthusi-
asm for 1t, His picture of the metrop-
oils Of the United States on the Pacific
coast is no more overdrawn than would
have been II picture of n metropolis
where Omaha now stands had n public
speaker In 1901 undertaken to paint the
future of the west for an audience OF
his day. And DR.. Stevenson has a solid
basis of fact TO bank his opinion on.
Omaha daily bee., 1901-01-16
Hitting nm Ice Combine.

I'VsNVII IItIIF'NTIVN
That General Wood is taking care of the
interests of the Cubans in every possible
way is seen In the report that he will have
an ice plant erected at Manzanillo, to com
pete with the combination there Of two
companies already established, who charge
such exorbitant rates that the poor people
cannot buy the product General Wood
will have what would be under civil law a
mt nicipal ice plant constructed TO cost
about $40, 900, and to sell ice at a reason
able figure.
Omaha daily bee., 1901-01-16

invested in foreign loans will reach
s1SO 100000. In spite of the gigantic
financing that is now under way and
will later be needed for the consum-
nation Of the combinations the railway
managers are understood to have in
view The supply of capital is rapidly
increasing and there Is nothing in ex-
istng conditions to indicate II change.
Our financial strength seems to be alb
solutely stable and secure.
Omaha daily bee., 1901-01-16
rHE QUESTION or OCCUPANCY.

There are Cubans who regard Ameri-
can occupation of Cuba as being wholly
unwarranted and characterize our Off
cials there as intruders. They assert
that pacification being an accomplished
fact the United States should, in ac-
cordance with its promise, withdraw its
military force from the island and leave
the country to the complete control OF
its people, with the unrestricted priv
ilcge of establishing whatever govern
ment they please. This view Is enter
tanned by some Americans.
The decision of the supreme court in
the Neely case, however, does not sup
port this view. While the court held
that II is not competent for the judiciary
to make any declaration as to the length
OF time Cuba may be rightfuly occu-
pied and controlled by the United
States, that being matter to be de-
tcrmined by the political branch of the
government, yet there is no doubt that
the court regards the American occupa
ton and control of Cuba as entirely
maintained so long as the political
power shall deem 1t necessary. The
decision says that "thc contention that
the United States recognized the exist
ence OF an established government
known as the republic of Cuba, but it Is
now using its military or executive
power to displace or overthrow II, IL
without merit" 1t was not the inten
ton of congress, in the opinion of the
court, to recognize the existence of al
organized government instituted by the
people Of Cuba, when II declared tina
the people of the island were, and o
right ought to be, free and Independent
This, os interpreted by the court, simpl,
meant that the Cubans were to enjo.
self lf-control, of course at such time a
the United States should decide that tn
people were prepared TO assume tina
responsibility.
The question of Cuban occupation be
ing subject to the determination Of til
political power of the government-tha
Is to the executive and leglslativ
branches-it may be continued indef
nitely. 1t is the privilege of congress
to decide upon the length of time tina
this government shall exercise authorlt
In Cuba, so that IL can make the perlo
months or years, quite regardless &
what the Cuban people may wish. Ha'
ing succeeded to the authority of Spai
I'm Cuba the United States may righ
fully exercise that authority as long q
1t shall please to do so.
Undoubtedly this view of the right
of this government, created by treat.
in respect to Cuba, will not be regarde
with favor by most of the Cuban pcopl
They will be very likely TO see in it
menace of the permanent occupatio
which some of the people of the islaT
are urging and which has advocates
this country. There Is, however, 1
real danger that American occupatio
will be extended beyond the time that
: constitution insuring stable governmel
shall be approved by the United Stat
and adopted by the Cuban people aI
this should be accomplished within Il
present year, possibly in few month
The sentiment in this country in fav
of Cuban independence is very near
unanimous.
Omaha daily bee., 1901-01-16

The chief cause Of the American ana
German manufacturers getting the advan-
tage of the British is that the British work
men will not adapt themselves to the
changed conditions. The benefits derived
from labor saving machinery are frequently
Offset by the ridiculous regulations OF work
men which limit the amount of work one
man shall do.
Omaha daily bee., 1901-01-16

II the reputation Senator Pettigrew
has made in the senate Is to follow him
home even his opponents may wish they
had kept him at Washington. Senator
Seweli asserted In the senate that in
Pettigrew's twelve years in that body
he had never been known to say "A
good word for anyone, but always had
q brick ready to throw.
Omaha daily bee., 1901-01-16
Grip.
Cleveland Plain Dealer.

OIcNeIdHI PIHlII DtdItT.
Cold that makes you rear and rip;
Quinine with a fiery nip:
Boiling drinks to sip and sip:
Lemonade and high-spiced fin:
Back that aches from neck To hip;
Swollen nose and PUFFY lip. ~
Head that seems TO go ca-zipp!
Pulse that shows a lively clip;
Strength that swift away doth slip;
Feet that stumble. stub and trip.
Knees that toward each otner dip;
Gait that rolls as II on ship;
Tongue that's furry to the tip:
Still more quinine, mother nip
Omaha daily bee., 1901-01-16

When it comes to delays the Chinese
statesmen are entitled to the palm.
When it was discovered the powers
were becoming impatient over the fail
ure to sign the peace terms the repre-
sentatives Of the Chinese government
signed and dreams of a speedy end of
the difficulties We're floating around.
1t now appears that the royal seal IS
is necessary to make it effective, an
other long delay is unavoidable. The
troops of the allies will certainly remain
in China long enough to become accli
mated il they wait for the final settle
ment of the troubles.
Omaha daily bee., 1901-01-16

Members of the congressional com
mlttee spoke their mind with decided
frankness regarding the hazing prac-
tices at West Point. Fifteen cents
looks large beside the picture the con-
gressmen drew of some of the cadets.
Omaha daily bee., 1901-01-16

How harmonious those fusionists are.
What forcible example for the repub-
licans to follow is afforded by the easy
agreement reached by the populists and
democrats as to whom to honor with
their votes
Omaha daily bee., 1901-01-16
Chang Makes a Center.

fNVTNVTIN''T1'
His eXcellency. Iii Hung Chang, Is noted
for his humor. but his latest Joke hits us
Christians rather hard. He is reported as
saying: Lately have been looking at
what you call your ten commandments.
The eighth one says: Thou shalt not
steal Now | want to improve that one
suggest that the eighth commandment
read. Thou shalt not steal, but thou may
est loot A dead shot
Omaha daily bee., 1901-01-16

Lord Roberts certainly exhibited good
Judgment in requesting that no more
fetes in his honor be arranged until
affairs in South Africa became more set
tied. Just at present there does not ap-
pear to be any reason why England
should indulge in any jubilation.
Omaha daily bee., 1901-01-16
From Had to Worse.


NTtNtIunU PIdIH DtdIVT,
II is a little unpleasant to note the
testimony of the big tobacco dealers re-
garding the greatly increased sale OF cheap
and abominable cigars. They lay 1t all to
the war on cigarettes. AS the latter are
driven out the cheap cigars crowd in. Incl.
dentally it can be remarked that while the
cigarette may be injurious to the immedi-
ate user. the cheap cigar is far more OBJ
noxious to the general public.
Omaha daily bee., 1901-01-16
Electricity Crowding steam,

There is a growing tendency on the part
OF the electric lines which are competing
with steam roads In this country to increase
their revenues by the carrying OF bundles
and packages as we'll as passengers. I'm
portant changes may be impending in GER
tain lines of transportation. Electricity is
likely to gain ground on steam as the cen
tury advances, and freight express and
mail business may largely be given up later
to the mysterious force of the dynamos.
Omaha daily bee., 1901-01-16
Net Gain In Four Exports.

OF the four leading articles Of American
export-cotton, bresdstuffs, provisions and
mineral oils-there were sent out sS32,
164, $50 during the year 1900. AS compared
with similar exports in 1899. breadstuns
fell of SIC. .i35, petroleum increased sS,-
294. .OS3. provisions increased 81. 4.437,3 3s9 anC
cotton increased no less than sl23,oll,Sl7
The net gain OF about sll9, ,ooO, 900 is to bf
credited almost entirely to cotton, which
Omaha daily bee., 1901-01-16

Clark has finally received the popo-
cratic caucus nomination for senator in
Montana. The hint given last week
has doubtless induced him to open up"a
copper mine. This should not bc taken
to indicate, however, that he is being
played to lose.
Omaha daily bee., 1901-01-16

Charges have been filed in Texas
against Congressman and Senator-elect
Bailey. The statesman Is sick at pres
ent, but when he RECEIVERS there is likely
to be trouble a few doors kicked in and
several tempers rufiled.
Omaha daily bee., 1901-01-16

Hon. Thomas NJ. Patterson, senator
elect from Colorado, has such way
with him. His opponents all withdrew.
Mr.. Patterson's presence in the United
States senate will probably compensate
for any loss that might result from
Pettigrew's retirement
Omaha daily bee., 1901-01-16
Clubs and CiOad y.

There was club thrown at Colonel
Roosevelt in Victor, Colo, during the can
vass when he was talking there against
free silver Since he was elected the club
has been tipped with gold and on Thursday
1t was made present to him. AIS well
that ends we'll. Even the clouds above
Lincoln. Neb., are said 10 have silver
lining
Omaha daily bee., 1901-01-16

Western Nebraska men come to
Omaha with wonderful tales of the
prosperity that prevails I'm that section
II was myth, said the popocrats last
fall, but their majority I'm the Big Sixth
dwindled away to almost no majority
This fact is the best possible sign that
the people are doing well.
Omaha daily bee., 1901-01-16

WashlngIOn TUSI'
The con ptroler OF the treasury has
kindly rendered a decision which permits
the taxpayers to shoulder the tips the
army officers may see At to give the Pull
man porters and steamship stewards. 1t is
these little pleasantries that make our wars
nonuIar
Omaha daily bee., 1901-01-16

1t Is little bit laughable just now to
recall the fact that one of the reasons
urged for the ratification of the LOuisi-
ana purchase was that somewhere out
In the wilderness was solid mountain
of salt, which would become valuable In
tip,a
Omaha daily bee., 1901-01-16

Wyomings boast of its wool crop Is
Industrial affairs In the west. Wyom-
ing should have mills to work up the
crop into cloth, however.
Omaha daily bee., 1901-01-16
Aiarmists Missing Opportunities.

No one has yet offered the theory that
the signal lights on Mars are intended to
warn the inhabitants OF this earth OF some
danger into which we are rushing in our
career through space. 1t Is feared that the
alarmists are growing careless and missing
Omaha daily bee., 1901-01-16
Variations from tbr Woodshcd.

It was an interesting variation in the
Shanghai nevs-which is noted for It's ac-
curacy--to learn that the heir apparent TO
the throne had been spanked for being
ssucy to the emperor. There ought to be
good stun in that lad and he may yet save
his fatherland
Omaha daily bee., 1901-01-16

The sting of ingratitude was painfully
In evidence at the legislative session at
Lincoln. Even the poor honor of head
Ing forlorn hope was denied the re-
clpient of the first jab.
Omaha daily bee., 1901-01-16

The various senatorial lightning rods
have been given their first chance to
demonstrate their drawing powers.
Omaha daily bee., 1901-01-16

1t is hardly likely that the Associated
Press will be permitted to transmit
General Eagans opinion of Senator
Teller.