davidaulloa/AmericanStories huggingface dataset:
Omaha daily bee., 1902-09-29
oAPITALIzING EARNING CAPACITY
No Limit Whatever 10 Modern Methods
of Corporate FInanciering.

NlllWudhCt rlGt IItSSs
An officer of the United States Steel cor
p~oration is said to have told the president
that the bona fde value OF the corporation
is FIVE billion dollars (S5, 1000, 900, 0OO), and
it is capitalized at only 81, 400, 900, 900. The
value OF a property is it's earning capacity
and it is the earning capacity OF most of
the corporations that have been created re-
Gently that have been capitalized.
II a corporation could secure an abso-
Lutte monopoly of some product that is alb
solutely indispensable TO the people, it might
increase prices to any extent. thus increas-
ing profits to any figure. Then, II it wishes
to increase its capital stock-reorganize-
It has merely to multiply its earnings by
s or 10, depending on whether it proposes
to pay a 1914 or a 10 per cent dividend,
and offer the result to the public as an in
vestment.
1t is a good thing that there is no means
for getting control of the air, or all Of the
water. The right to breath was provided
for in such a way that Il cannot be cut
off. 1t is the one thing that a man can
have as much of as he wants all the time.
But what a chance 1t would be II the air
supply could be controlled and people could
be made to settle before breathing!
Omaha daily bee., 1902-09-29
CANNOT ~ TRUSTED.

Mr.. Grlggs, chairman Of the demo
cratic congressional campaign commit
tee. saws the democratic party will not
injure the prosperity Of the country.
we shall neither destroy the business
interests Of the country nor iujure the
wage %earners,' Is the assurance he
gives. Experience has shown that In
this very vital matter the party cannot
he trusted. In 1892 the country was
enjoying a higher measure of prosperity
than ever before. Industrial activity
was general and labor was well EN-
ployed and well paid. The democratic
party then promised not to interfere
with this condition. IL assured the
business interests of the country, as it
is now doing, that they would not be
injured II that party should be success
full. 1t told the wage earners of the
ountr that they had nothing to fear
from a democratic victory.
Well, the democracy won and the re-
suit is familiar history. There followed
several years of industrial depression
and business stagnation, during which
100000 men were on of employment.
Not only that, but the wages of those
employed were constantly forced down,
many working only part time at that.
The loss to the labor of the country
during that period of depression
amounted to thousands of millions of
dollars, while the loss to capital was
not less. Every interest suffered and
from having been the most prosperous
| country in the world the United States
fell back to third or fourth place among
the great commercial nations. In a
day, as 1t were, prosperity vanished
with democratic success and distrust
took the place of confidence.
With this experience in mind, what
confidence can be felt in the present
assurance of the democratic party that
it will neither destroy the business in
terests of the country nor injure the
wage %earners? 1t is true that the cleo
ton of a democratic house of represen-
tatives this year could change nothing
upon which existing prosperity depends.
Yet it would be a menac that would
probably have a more or less disturbing
effect, and it is manifestly most de-
sirable to avoid even this. 1t is neces-
sary to the continuance of prosperity
that confidence shall be maintained, SO
that there shall be no abatement OF
enterprise and no REIMBURSEMENT OF
those projects and undertakings which
will contribute to further Industrial and
commercial development and a still
greater measure of prosperity for all
people.
helpful to the general welfare. 1t has
never promoted our material advance
ment. 1t has never benefited the manu-
facturer, the agricultural producer, oil
the wage Garner. That party offers
nothing now that would be beneficial,
to any Of these interests, but quite the
reverse. Its policy is one of revolution
and destruction. 1t demands the over
throw of protection. Its campaign tex
book calls for free trade. The more
candid of its leaders advocate tina.
policy. 1t Is impossible to believe tina
a majority Of American voters, in tn,
midst Of Astounding prosperity, will Civ,
their support to the party which un
qualiiedly avows Its purpose to destro!
the policy under which our great pros
perity has been attained.
Omaha daily bee., 1902-09-29
Tools for Future War.

NtW lUTK ITIDuHt,
Among the military experts OF the day
there are some who are inclined to the view
that in future wars, bayonets, lances, sabres
and even pistols will be Of little use. and
that it will be a waste OF money for nations
to equip their armies with such weapons.
The arguments which are advanced in sup
port Of this belief seem to have common
sense in them. Quickfring, magazine in
fantry rifles OF long range. Maxim and
Calling and Nordenfefdt guns and field
artillery Of every kind nave been improved
so much in recent years that hand-to-hand
fights may ere long be obsolete on battle
fields.
Omaha daily bee., 1902-09-29

The summary demand for the resig-
nation of a prison warden by the gov,
ernor of Idaho on a showing that pris-
oners and prison teams had been worked
on his brothers farm, sets an example
which the governors Of other states will
do well to keep in mind. Whether it is
to be called dishonesty or not, the use
by a public officer of public property
for private gain is always a fragrant in.
fraction OF public morals that proves
the untrustworthiness OF the recreant
offender. The only way to prevent such
fraudulent practices is to intict tn,
penalty whenever culpability is dis
closed.
Omaha daily bee., 1902-09-29
Life a Choice of Dangers.
Brooklyn Eagle.

DIVUNIyN LdBTVs
Mr.. and Mrs. Peary, after all the perils
Of an Arctic exploration had been safely
encountered, were subjected to a railway
collision in Nova Scotia on Monday and
narrowly escaped with their lives. Nobody
ever heard of a railroad collision in the
Arctic circle, but, on the contrary, no one
ever heard Of the Arctic circle e~xerting its
hostile influences to civilization down near
Halifax. Life is a choice of infelicities. All
conditions are the nursing mothers OF
dangers. Folk, however. would rather take
railroad chances in Nova Scotia than as
frances OF safety from head-on collisions
in polar regions.
Omaha daily bee., 1902-09-29

Keep 1t before Omaha taxpayers that
all the railroads that converge in this
city have paid only $26.549.6O In city
taxes for the year 1902 on their trackage
and terminal facilities, right-of-way,
depot grounds, depot buildings, machine
shops. roundhouses. headquarters build
ings, furniture. fixtures aud personal
property OF every description, worth
fully $15,OOO,OOO, when by rights they
should have paid at least $4,000 as
their proportion Of the cost Of maintain
ing city government
Omaha daily bee., 1902-09-29

no guest fails to have every reasonable
want promptly supplied.
Good humor and kindly consideration
of other people form the foundation of
hospitality. Let us repress selashness
for a little while and give the right of
way to our guests.
We want all our visitors to become
annual pilgrims to Ak-Sar-Ben's royal
court, and the way to make sure that
they will come again is to treat each and
every one of them so royalty that the
temptation to return next year will be
too strong to be resisted.
Omaha daily bee., 1902-09-29

As usual for Omaha, autumn is well
advanced with the work of paving by
no means completed and some jobs not
even commenced. There Is really no ex-
cuse for such delay In letting and exc
cutting contracts for out-Of-doOr work,
which cannot possibly be done as we'll
in the hurry to anticipate cold weather
as it could have been done free from
such pressure In midsummer
Omaha daily bee., 1902-09-29
Pathetic Appeal for Help.


minneapolis Tribune.
The appeal Of the Boer generals for finan-
cial aid for their countrymen ruined by the
war is pathetic. 1t is gratifying to note
that the first response In any large amount
is by an American. Henry Phipps, a
director Of the Carnegie Steel Company,
has sent General Botha 100000 for dis
tribution among destitute Beers. Strange
we do not hear a word from LEM. Sulzer
and others who were so LOUD when it was
thought possible that the South African
war could be made a political issue against
the republican national administration.
Omaha daily bee., 1902-09-29

President Roosevelt intimates that he
will try again at his earliest possible
convenience, providing of course that 1t
is also convenient to the cities that had
invited him TO be their guest.
Omaha daily bee., 1902-09-29

Ex-senator Allen refers to the last
Nebraska Legislature as the most cor
rupt and incompetent body of the kind
ever convened in the state" OF course,
the last is always the worst, but if we
remember correctly, neither political
party has had a monopoly of incompe-
tency or corruption in any Of our legis-
laturpS
Omaha daily bee., 1902-09-29

The Chicago Tribune is hot after the
supervising architect Of the treasury,
charging upon him responsibility for the
delay in completing the new public
building in that city and rank favorit-
ism in relieving contractors from the
penalties for nonperformance of their
agreements. 1t is beginning to realize
how firmly the supervising architect is
~entrenched and to what extent con
tractors and experimenting officers play
into one anOther's hands. If a private
corporation undertook 10 conduct big
building enterprises by the methods en-
ployed by Uncle Sam, the stockholders
would be up in arm without waiting
for the regular meeting.
Omaha daily bee., 1902-09-29

Why should the national banks appeal
to the treasury to help them out every
time there is a financial furry any more
than any other class of business institu-
lions? A rich uncle ready to advance
money in unlimited quantities to tide
a man over a tight place would come
in handy for all of us.
Omaha daily bee., 1902-09-29
Anne1ing by Assimilation
New York Town Topics.

New York Town Topics.
More than a hundred thousand Americans
have cmigrated to Canada within a year.
At this rate there will soon be no trouble
about the inevitable annexation Of the Do
minion. Americans will be in the majority,
and will come into the union as a matter
Of course, as chickens come home to roost.
Canada now buys from us S119, 900, 900 worth
of goods annually, three times as much as
1t imports from what is facetiously called
"the mother country
Omaha daily bee., 1902-09-29

World, and now head OF Harper's. has
been closely identified with q number Of
Mr.. whitney's business enterprises. w. X.
Corwine, formerly Of the World, Is trust
officer Of the Eastern Trust company. Mr..
Steiner, one Of the largest custom house
brokers. was once connected with the Her
aid. Numerous other instances might be
given OF newspaper men who have made a
success in business.
Omaha daily bee., 1902-09-29
value of wholesome Living.
Kansas City Star.

Kansas City Star.
The conditions which have favored the
rapid recovery of the President are a per-
feet constitution unimpaired by any sort
OF excuses, a masterful will which makes
light of minor infrmities, and a whole
some plan of living which BELTS a person
called to the ful6lment of high and impor-
tant duties. The American people cherish
a great admiration for these qualities, and
they are proud to have a president who
degree,
Omaha daily bee., 1902-09-29

Democratic conventions in fifteen
states have turned their backs on the
Kansas City platform. The Kansas
City platform ought to be used to the
cold shoulder by this time.
Omaha daily bee., 1902-09-29

Decorations for a gala event like the
Ak-Sar-Ben carnivafcan be made artistic
with just a little extra effort. Mere pro-
fusion OF dags and bunting will not pro-
duce the desired effect. Whatever you
do In the way of decoration, make it
tasteful rather than gaudy, striking
rather than ostentations.
Omaha daily bee., 1902-09-29

The only way to preserve the popu-
larity of the annual Ak-Sar-Ben carnival
is to suppress rowdyism and rufianism
whenever it manifests itself. People eau
amuse themselves without spelling other
peoples pleasure.
Omaha daily bee., 1902-09-29

Presumably the time for the Christian
church convention was fixed with q view
to affording an opportunity to recover
from the hilarity Of the Ak-Sar-Ben fes-
tiyal.
Omaha daily bee., 1902-09-29

In this judicial district the question
who should be court stenographer and
who should be court bailiff seems to be
more at issue than the question who
should be Judge.
Omaha daily bee., 1902-09-29
The Gentle Method,

Baltimore American.
The gentle method OF dealing with
trusts seems to be to remove the vermi-
form appendix before the patient knows
what the fee is to be. Then there is
always a chance that the operation may
be a success and the patient expire of
shock.
Omaha daily bee., 1902-09-29

Chicago Inter Ocean.

NUICdBu IUItT OCtdUI
The foreign press finds it "dificult to
understand" a lot of things that are hap
pening in this country at present, but it is
sensible enough to assume that as long as
we understand them there is nothing much
to be desired,
Omaha daily bee., 1902-09-29

When John N. Baldwin was rounding
up Union Pacific employees in the inter
est of Dave Mercer he declared that the
managers of the road were not so much
interested in Mercer as they were in
Furnishing ROsewater for his attempt to
compel the railroads to pay more taxes.
This may have been true, but why
should the Council Bluffs bulldozer who
has never paid a dollar of taxes in
Omaha seek to folst a nonresident con-
gresham on Omaha on the plea that
the conspiracy against the republicans
of this congressional district is justified
on the ground of self-defense? Would
not the railroad managers also be JUST.
fed in an attempt to avenge their cor.
porations on shippers who dare to ap.
peal to the courts for relief from dis.
elimination and extortion?
Omaha daily bee., 1902-09-29

General Funston may as well consider
himself barred forever from eligibility
even to an honorary membership in the
Woman's Christian Temperance union.
Omaha daily bee., 1902-09-29
Hitting His Own hackers.

Indianapolis Journal
William Jennings Bryan never sees but
one point at a time. and It is probable that
when he proposed to put trust promoters
and managers "in stripes he forgot that
fully half Of them are democrats.
Omaha daily bee., 1902-09-29

Omaha's clearing house record for the
past week is a fair index that business
conditions in this city are eminently
satisfactory.
Omaha daily bee., 1902-09-29

The people like to be amused. That
fact is strikingly illustrated by the jolly
crowds that have thronged the street
fair since its gates were opened.
Omaha daily bee., 1902-09-29
The Dominant Race.
View York Man and Express

New York Mail and Express.
II any one doubts the doctrine Of the
dominant race, let hin look at that hand
full OF jackies from the Cincinnati taking
away the guns OF the Colombian army. and
shipping arms and army on separate trains.
Omaha daily bee., 1902-09-29
The Public BE BIanked.
Philadelnhia Record.

IHIIduUlpHId INttuTu,
The mine owners are resolved TO make
no concessions to the striking miners.
But could they not be persuaded to make
some concessions TO a suffering public?
Omaha daily bee., 1902-09-29

Chicago Record-Herald

Chicago ReCord-Herald.
A preacher who is running on the prohl-
bition ticket for congress in Iowa will
make his campaign on an automobile. 1t is
to be hoped that he will have a good run
for his money.
Omaha daily bee., 1902-09-29

1t may be a race to see which are
merged irst-the meat packing plants
at South Omaha or the twin cities Of
Omaha and South Omaha.
Omaha daily bee., 1902-09-29

How many Colombian soldiers would It
take to disarm a company Of cadets from
an American preparatory school, to say
nothing Of q regiment OF Yankee regulars?
Omaha daily bee., 1902-09-29

Merchants who advertise are the mer-
chants who are IN 70 date. Read The
Bees advertising columns.
Omaha daily bee., 1902-09-29

Talking about cornstalks and cord
wood, it would be hard to tell the differ
ence in some parts Of Nebraska.
Omaha daily bee., 1902-09-29
Consolation in Chunks,

Indianapolis News.
All the defeated ball clubs can console
themselves with the reflection that they
will do better next time.
Omaha daily bee., 1902-09-29

Detroit Free Press: Theodosia-M MI. De
Glitters is a multi-millionaire, isn't he?
Theodore-Oh, more than that! There's
n rumor on the street that he pays cash
for his anthracite.
Omaha daily bee., 1902-09-29

Philadelphia Record: II often see the
foreign papers abiding to floating debts -
said the grand vizier.
What is a floating debit
MY navy groaned the sultan of TuT-
key.
Omaha daily bee., 1902-09-29

Philadelphia Press: Miss Hoamley-I
don't know whether or not to wear a veil
with this hat. Do you think 1t would i'm
prove It?
Miss Speitz-That depends, dear. Do you
mean to wear the ven over your face, or
up on the hat?
Omaha daily bee., 1902-09-29
JUST A LAUGH OR TWO.

Yonkers Statesman: Church-How do you
know your wife has got a temper?
Gothem-Because she lost II today.
Omaha daily bee., 1902-09-29

Municipal home rule cannot be safely
ignored by candidates who want to be
lawmakers.
Omaha daily bee., 1902-09-29

Philadelphia Press: Mrs. Naybor-I hear
your husbands i'll. l hope his condition
isn't critical.
Mrs. Krank-No, but his disposition IS.
He criticises everything we give him to
eat.
Omaha daily bee., 1902-09-29

Judge: you have just as much right
and, theoretically, just as good a chance
as anybody else to be president says the
patriotic citizen TO his neighboT.
II cannot agree with YOU" signs the
neighbor. we have no children, and that
fact alone would lose me the photogra-
piers vote
Omaha daily bee., 1902-09-29

indianapolis News: Ibid Miss Gaddy en-
terrain your proposal?' asked the close
friend.
mo" was the sad answer; at seemed to
work Just the other way
Omaha daily bee., 1902-09-29

There are a large number OF former
newspaper men now holding high positions
in Wall street, reports a New York letter.
Among them is Joseph c.. Hendrix. presi-
dent OF the Bank Of Commerce. who was
formerly a reporter on the Sun. James B.
Dill. the corporation lawyer. who holds
the record for the organization OF new
companies. was once a reporter on the
Tribune. Daniel 8. Lamont, vice president
OF the Northern Pacific railroad, was In
the newspaper business before he became
Grover Cleveland's secretary. Vice Presi-
dent Vanderbilt, Of the National City, was
a few years ago financial editor Of the
Chicago Tribune. c. A. COnant, treasurer
Of the Morton Trust company, was a year
ago Washington correspondent Of the Jour
nal Of Commerce. C.. S. Gleed. one Of the
directors OF the Atchison system, had
newspaper training. Colonel George Har-
yey, formerly managing editor Of the
Omaha daily bee., 1902-09-29

Baltimore American: "Oh! Cheer up
II gLtg you'd be glum," retorted the
humorous paragrapher, IF you had 20 hold
a squalling baby In one arm Whlle you
| wrote foxes with the other
But you can stilI write them. Suppose
you had twins. You'd have TO write with
your feet
Omaha daily bee., 1902-09-29
rATEMENT oF CIRCULATION.

STATEMENT OF CIRCULATION.
State of Nebraska, Douglas County, S.:
George b. TSschuck, secretary of The Bee
Publishing Company, being duly sworn,
says that the actual number of full and
complete copies OF The Daily, Morning,
Evening and Sunday Bee printed during
the month Of August, 1902, was as follows:
Omaha daily bee., 1902-09-29
ROUND ABOUT NEW YORK.
Ripples On the Current of Life in the
Metropolis.

The skyline Of New York city is contin-
ually undergoing change, the tendency to
ascend and occupy the upper air keeping
steady pace with the marvellous expansion
Of the city. Record published by the Brook
Ign Eagle shows that OF skyscrapers alone
there are now thirty-three in process OF
construction, that is to say, that for thirty
three buildings OF fifteen stories or over
permits have been issued and contracts
let. OF these, twenty-one are to be Office
buildings, and twelve hotels. OF the TWEEN
ty-one office buildings a round dozen, and
these the largest, will be located below city
hall. These fifteen and twenty story build
ings will add 200 acres to the floor space
of the city-25 per cent Of the area of Cen
tral park, 40 per cent of the area of Pros
pect park.
With the thirty-three completed there
will be In all about $50 skyscrapers on Man
haitian island. And until the last decade
OF the nineteenth century there was not
one! And OF this $50 fully half have been
the product of the last few years. II there
is a proportionate increase in the Mex
decade, New York, from Fourteenth street
to the Battery at least, will be a city OF
skyscrapers, with the streets narrow gorges
walled in by towering man-made cliffs.
Apart from the 200 acres OF floor area
That is being added to New York's area
In Its skyscrapers, there are easily 1000
acres of floor area being added in smaller
buildings, in shops and stores and factories
In private residences, in tenements. fats
ana apartments, the three degrees in cliff
dwellings which civilization has evolved
In all the tendency to taller buildings is
notable. Where a few years ago people
quilt three story residences they now build
five
two ago would have been labeled mammal
are passed unnoticed nowadays. Their
eight or ten stories are not worth mention.
ing.
Omaha daily bee., 1902-09-29

A monument TO General Franz Sigel Is
to be erected. General Stewart L. Wood
ford is president and Carl Schurz vice
president Of the monument committee,
which has issued a circular asking for sub
scriptions. 1--WE ask your help" says the
committee. Ito erect a suitable monument
to the memory of General Franz sigel.
Born in Germany. a patriotic soldier. and
an exile from his fatherland in 1s4S; a
naturalized citizen of the United States;
a resident OF Missouri when the war Of the
Rebellion broke out in 1861, he promptly
gave his sword and his services to his
adopted country. With Blair and Lyon
and kindred spirits he organized the move
ment that saved st. Louis and Missouri
to the nation. In saving Missouri they
assured the final result OF the war from
its very beginning. At Pea Ridge he won
almost the first victory Of the war, and
from that day served loyalty, unselhshly
and without complaint wherever he was
assigned to duty"