The Neihart herald. [volume] (Neihart, Mont.) 1890-1901, 1901-01-12

February, accompanied by william
Il. Stead, who will make ringing
campaign in behalf of stopping the
war
1t is virtually established that on.
ly by vast expenditure of money
! and treasure vast, even in compaIi-
son with the great sacrifices in the
last l6 months, could England crush
all resistance in South Africa. The
only motive for making such ex-
penditure is to save British prestige,
but it is obvious to any outsider that
such an operation will have the re-
verse effect. 70 send fresh army
in addition to the present 10000
men to conquer tenth of that num-
Der would be a more pitiful confns-
sion Of weakness and efficiency than
to make terms under present con-
ditions. Such, at least, is the prob
lem that the British government is
now facing, and there is reason to
believe that they will only be too
glad to find peaceful solution of
the question based on conciliation on
both sides.
Mckenzie s. Mank, railroad con-
tractors and promoters of the new
transcontinental Canadian railrord,
are reported to be actively at work
on the construction of the road from
both ends. The new road will be
known as the Cal.ada Northern and
is being built by English capital
through district north of the Cana
dian Pacific line, and taps rich
agric ultural country, the climate of
which is said TO compare favorably
with that of Puget Sound. The line
starts from the head OF Lake super
ior, running til ough the Rainy Lake
district to Winnipeg. From Win
nipeg the line will run South of
Lake Manitoba to Prince Albert in
the Saskatchewan district. 1t will
follow the Saskatchewan river to
Edmonton, strike into the hills there
and through Yellow Head pass and
the Cariboo district Of British Colum-
bia, making its terminal at Port!
Simpson.
The insurance men of Butte will
send strong lobby to Helena to
work for a passage of bill which
will be introduced Immediately after
the converting of the Legislature, and
which will provide for the placing of
fraternal insurance orders under state
supervision. The bill is being pre-
pared by Butte attorney and will
require fraternal insurance compan-
les to make regular reports to the
state auditor, as the old line com
panles are required to do. Officers
of the various fraternal life insur
ance orders of the city, in published
interviews, are inclined to resent the
proposed legislation. They say the
representatives of the old line COM
panies do not relish the fact that fra
terDai insurance is popular in the
state and the proposed law is intend
ed to check the growth of order in
surance and is framed in the inter
est of the old line companies doing
business in the state.
The alarm in banking and business
circles over the prospect of a fnan-
cial crisis in Mexico cannot be dis
guised. The unprecented volume
of expectation of Mexican dollers to
China, the PHILIPPINES and the far
east continues, and in addition to
this drain, the high price of Mexican
money is causing a general llquida
ton of debts throughout the country,
and in every instance silver is de-
manded. Some idea of the scarcity
of silver may be obtained wher it is
stated that many of the banks of the
country are offering ! per cent
interest per month on deposits of
silver. 1t is said that some of the
banks of issue of this country have
failed to keep in reserve one-thlrd of
their currency issue in silver, as re-
qulred by law, and it is feared that
the crash will come to many of these
institutions the moment they are un-
able to meet the demands of their
customers for silver. In addition to
exports of Mexican Silver dollars,
great quantities of silver bullion
have been going out of the country
through the ports of Tampico aad