Arizona weekly journal-miner., 1901-08-28

provided lay the various appropria- tions of the last legislature can figure out now pretty closely what that eel ebraied legislature has cost them. The total increase is considerably less than was anticipated, being only | thirty two cents on the hundred dol lars and the total increase in terri torial taxes amounts to only about i SI25,OO0 in round numbers. Of course this would be considered a snug little fortune by the average tax payer, but as it spread all over the territory the average tax payer may thank his lucky stars that he has es- capped with no larger burden.
 Charles NJ. Hay has resigned the presidency of the Southern Pacific company
 Senator Wellington enjoys the du- bious honor of being the only man in the country who has expressed the opinion that Admiral Schley would not receive fair treatment from the court of inquiry.
 British and German steel makers are hoping that the American steel strike will be prolonged. It will put money in their pockets.
 Probably the most stupendous rail
 way undertaking ever proposed by
 private capital is the line between Circle City, Alaska, and Vladivostock,
 Russia, the eastern terminus of the
 Trans Siberian railway. It will be
 nearly 1000 miles long and will cost
 about S2OO,OOO,OOO. American and
 French capitalists are said to be be
 hind the scheme.
 Democratic editors are naturally a
 little shy about writing of the more
 than half a billion dollars of gold
 which have been accumulated in the
 United States treasury since the Me
 Kinley regime began, and the few
 that do are amusing rather than con- vincing in their efforts to explain why
 the gold is there. Its presence needs
 no explanation. It stands for the
 great prosperity of the country, which
 is the direct result of republican con
 trol.
 The army and navy of the United States has been robbed of much o the glory and honor due them in tho r Spanish-American war by the jealous ies existing among their own ranks
 and consequent scandals occurring , from them. The so-called embalmeC
 beef scandal, and the bitterness en gendered by it was uncalled for, anC but for the action of a pompous off
 cial of the army would never have
 occurred. The Sampson-Schley i'm
 broglio is another very unfortunate 5 affair which casts a shadow upon ; brilliant achievement of the navy l Just who is responsible for this it is ? difficult to determine, but apparent!
 neither of the above named officer t seem to be.
 1 Speaking of the railroad situation f Henry Clews in his financial circular S says: ''very few are paying all the, + earn; consequently any moderate re r duction in gross earnings would no 2 affect dividends for the reason tha $ the present large outlays for nev y equipment and improvements vii l. will not be permanent. Conserva 2 tism has been the rule in railroat - management for the last few years S and stockholders have been gettin:
 the advantage of this new policy 0 Plans for railroad consolidation ar ;, not by any means complete. One com i bination forces another, and the pres $ ent movement is not likely to en' e until the whole country has been di e vided into groups; this being the ulti V mate result predicted years ago b o far sighted practical railroad Iner e This tendency need cause no concer r in the public mind, for suitable legis ; lation will certainly be devised to con > trol the powers of these great rail Il road magnates. Public ownership c c the railroads would plunge us into ,l sea of unknown forces. National su
 pervision could readily be made sui O ficiently effective to prevent corpol F ate abuses"