Durango semi-weekly herald., 1901-06-20
NEWS FROM ALL
OVER THE WORLD.

the trial OF Jessie Morrison. TIL,
prosecutor announced that the tria
would be short and would probably b,
given to the jury tomorrow.
Many believe this second trial O
Miss Morrison will be as fruitless n.
the first.
SHREVEPORT, La, June l7.-It
is learned here this afternoon thai
Prince Edwards, the negro who shot
Foster, instead of being captured thi.
morning was caught, shot and killed
1t is now believed here that all the ne
groes in the Jail will be lynched to
the section. A feeble attempt will be
made to stop the lynching.
TRINIDAD. Colo, June 17.-One OF
the large boilers in the Colorado Fuel
and Iron company's mines at Stark.
vile blew up at 5 o'clock this morning
resulting in the death of Night Engin.
eer William Pollard and Martinez AS.
samonti. fireman. Barney Corvilli,
another fireman, was also badly scald-
ed and will probably die. The roof of
the building was blown off and the ma.
ehinery inside the air compressor
building was badly damaged. The
explosion was terrific and had it oc-
CURED a little later when the shifts
were changing. the loss of life would
have been terrible. The cause of the
accident has not yet ben determined.
Six hundred men are idle.
JACKSONVILLE. Fla. June IL
Wellborn Maxwell and Thomas Thom-
as. two negroes. threatened the life
of William O'Cain and concealed them
selves in thicket with the assassina-
tion in view. The neighbors heard of
the threats. surrounded the negroes
and riddled them with bullets.
MINNEAPOLIS, June 17.-Govern-
ment granaries in Chicago bigger than
those Joseph built in Egypt. and a
farmers bank with $50,00000 capital
, also in Chicago. are the two agencies
which George II. Phillips looks forward
to as the means of putting the farm
ers of tl(e United States in business
paradise, establishing for them a trust
which can fight on equal terms with
any other trust in the country and
making 40 cents the bottom price of
corn forever and evermore.
Mr.. Phillips was given a banquet at
the West Hotel last week by the Ma
tional Grain Growers Association, in
session in this city and in the course
of his remarks he took his farmer ad-
mirers into his confidence and pre-
dicted good times for them. which will
be so exceedingly good as to make the
bull markets he called into being hard
times by comparison.
DO not take me too seriously This
is just dream that might be followed
up to the creation of something real
he said but his hearers thought of the
dream he dreamed before beginning
his bull campaign and pronounced him
a prophet.
He spoke on the basis of his theory
that the 100000 farmers of the land
are not 'foo many headed" to act as
n body and that if they do act to-
eether they can fix their own prices
on commodities as easily as any trust
magnate can do.
Let the government tax the farmer
a cent bushel on his corn crop" he
said and with the money build ele-
vators in which to store hundred
million bushels of corn and pay 40
cents basis Chicago market for it and
the world will pay the same for it.
There is not so much of 1t that we
need worry about an extra large crop
or two. With the government ready
to pay 40 cents for it the farmer can
borrow 80 cents from his country bank
if he needs money and carry the sur
plus for seven years, If need be. as
Joseph did 5000 years or so ago
Did you ever wonder why there is no
great accumulation anywhere in the
world? We have been raising crops
since Joseph's time, yes. before his
time. and today we fear a crop fail
ure would plunge us into famine.
Another dream of this sort that
! have had is a dream of a farmers
bank located in Chicago. Make the
capital $25, 100000 or $50 1000, 900. Sell
the stock in $40 shares, not less than
ten shares subscribed to farmer, who
could if he so desired. dispose of some
of his shares to neighbor.
This bank would loan to any stock
nOluer Wllnln Il lew cents Oh lne mar
ket price of the corn he would under
present conditions have to sell at any
price offered to meet his annual obli-
cations. This would enable him to
carry his corn one or two. or even
three years if the price did not suit
or the conditions were not such as to
warrant the managers of the bank ad
vising sale. | might go into detail
as | have at times given this subject
much thought At first sight many
of you will say such scheme is moi
feasible. But my dream is clear
1t is not for such as I, however, tc
bring it about. Among you are bank
ers of experience and reputation who
could in n very short time. make this
dream reality. believe the
added price the farmer would get fol
his corn would the first year return
him the full cost OF his bank stock
CHICAGO, June 17.-Sophie Beck
hac ff,rr, lIy 20 At