The sun., 1901-05-03
L. H. T.'s LETTER.
.philadelI,hia. Max

true western style. The Pennsylvania
and Maryland Company fully realizes
the power of the men whom it has elect
ed to fight, and with this thought in
mind it is making elaborate preparations
to purchase extensive iron mines in
Cuba. In fact, it may be stated that
the deal for the appropriation of these
vast iron fields is practically consum-
mated and that all there remains to be
done is to take actual possession. With
this powerful opponent in the field, with
a capital Of $50,OOO.00O, there is reason
to believe that Mr. Morgan will not "cor-
nor" the steel trade or regulate prices
without first considering the effect the
attempted corner" or advance in prices
will have upon the public at large. In
other words, the Morgan syndicate can
not dictate terms or control the output of
the steel supply any more than can
private individual, as the PENNSYLVANIA
and Maryland Steel Company is in bus
mess for business for business purposes
and it will fight the big trust whenever
necessity compels it to do 50. Besides
ample capital. the Pennsylvania organi-
zation will have within its body mem
bcrs who. by their experiences, are cs-
pccially qualified to compete with tho
Morgan people in NIL the various bran
che.s OF manufacture. The Morgan syn
dcate has already emhittercd several Of
it's l'lttSburg associates by nippins their
fingers 4 little too early in the game.
and these alert individuals hnve rendered
their designations, but as vet the general
public has not been informed regarding
their acceptance.
However, whatever may be the serious
ness of the friction that may follow, it
will not affect Mr. Morgan in the least,
as he has so fortified himself MS to be
amply protected in the event of an adj
verse experience.
Just now, and particularly under the
aggressive influence of the Morgan repre-
sontatives in New York, the stock market
cvinces phenomenal strength. The Nor
gan "hnlls" command the situation which
they will hold until Mr.. Morgan's return
to this country and it is not in the nature
Of things to look for break in the mar
kct until the leaders have realized upon
their investment and unloaded such
stocks MS they desire the dear public to
carry.
kMN
Discussing the doings of the legislature
philadelphians look with mingled dis
satisfaction and alarm at the remark
able energy power and aggressiveness
Of Senator Quay. For months past the
;nsurgcnt newspapers have been per-
stcntly assaling the cold man." and
nointing their finger at Quay's failing
health with strange happiness but not
withstanding all the derision heaped upon
thc head of the Beaver statesman. he has
kept grinding out measure after measure
until the people are astonished at his
oncrgy and tenacity of political life.
In the words of prominent politician
| Quay is giving measure for measure and
he will not stop in his pleasant di-
"crsiens until he has punished the NOR
| who have so long and stubbornly opposed
him. Nor will Mr.. Quay stop in his Of
| fort to balance accounts until he has
dangling Mt his belt the scalp of 4
certain gentleman. distinguished in tho
insurgent camp. for his tireless opposi.
| tion to Quay and everything appertanina
TO Quayism. That Governor Stone and
Senator Quay are working in harmony
| is not doubted by those who have givel
the subject attention, but srange to say
their concentrated effort, in some 10
| 'alitics where opposition was strongest
| lgainst Quay. is being lauded to the sky
| The dissatisfaction existing at this mo
ment is not SO much the result of Quay's
loings as it is generally imagined. Th,
taxpayers ut large have been disappoint
| II beyond measure Mt the utter failure
| # the insurgents to redeem the promises
made hcfor" election and for this reason
he opposing army of Anti-Quayites i,
ecoming conspicilously smaller ever.
lay. Alarm is felt principally becans,
he right sort of reform movement ha,
been Sidetracked.
| Insurgentsm promised reformation an,
| gave berth to one of the most diSma
failures ever known in prnnsylyani;
politics. A pigmy in political lore started
allt TO whip giant in artificial cunning
with the result now so glaringly ap
,arcnt. Wrong men were chosen as in
urgent helpers, absurd mistakes wer,
made, personal ambition ran riot and nj
| gnominious defeat followed, leaving rea
'cform in SO deplorabe state that i
may he decade before the people car
ae induced to take part in any move
nent having for its purpose the dethronc
nent of the "bosses" The 'bosscs" ar
n clover and it would seem the peopl
ire disposed to let the s.bosses'' sta,
here and enjoy themselves.
And Quay? Well. wait and see. Their
will be some more surprises when th
machine gets to work in real earnest.
!
The American Ice Company is be
ginning to understand that il canno
rope to control Phladelphia'S trade
Last year, this cold-hearted trust car
led things with a high hand by raisin
orices and informing its customers tha
hey must pay the advances or go with
,nt he frozen crystal. Consumers oil
'ccted and the trust smiled complacentl
IS it increased its bank account at til
Expense Of the poor. This year the trus
has hundreds of rivals in old employees
Nho are in the field to fight for thei
'read and butter and incidentally hi
lice of the trusts business. Yesterda
he trust cut the price Of ice to ten cent
, hundred pounds in order to reclaim los
rade, but the home-keepers, who viyidl
'c-called the experiences of last sun
ner, gracionsly and positively declined {
he caught by any such cool proposition
Under the caption of the Eagle Ice Con
many the former deposed employees of tli
trust. made things in the ice line Q,
2 eeedngly lively for the concern in Yves
!. Philadelphia. where they served owe
e one thousand customers. Like the ne,
: company the customers were iubilant
!, the prospect of real competition and tho
. willingly promised to give their srl