davidaulloa/AmericanStories huggingface dataset:
Omaha daily bee., 1902-04-02

Of issuing preferred stocks in excess
of the value of the properties and com
mon stocks in volume depending simply
upon the disposition of the public to
absorb them, or of covering the value
of the business with a mortgage and
adding large volumes of preferred and
common stocks as a bonus to the bond
holders, is pretty certain to result in
loss" 1t would seem that such must be
the inevitable result.
Manifestly there should be legislation
to prevent overcapitalization of stock
companies and another means of pro
tecting the public is to require of all
such companies reasonable publicity in
regard to their affairs. There appears
to be, however, a good deal of indiffer-
nee respecting this matter and perhaps
nothing will be done until there is a
crash SO severe as to arouse interest
In the question.
Omaha daily bee., 1902-04-02
NOTES.

General Miles is now a grandfather for
the first time. He ought regard the baby as
a consolation prize.
The union veterans Of German birth are
to raise a fund for a monument to General
Friedrich Wilhelm Won Steuben Of the
American revolution, to be erected in
Washington, d. C.
Gonzales de Quesada is mentioned as
Cuba's first diplomatic representative at
Washington. He was a prominent member
Of the Cuban junta and of the Cuban consti-
t~utional convention.
Cecil Rhodes left the burden OF his
wealth for the purpose Of educating young
men along the lines Of ambition and ad-
venture which he followed. But such men
are born. not educated.
The maharajah of Jeypore, India, will at
tend the coronation OF King Edward in a
manner quite in keeping with his luxurious
mode OF life. He has chartered an ocean
steamer for his private use. His suite will
number 100 persons.
A minister in a suburb OF Chicago has
been frozen out of a job by the women OF
the congregation. II seems the unfortunate
man is several degrees removed from an
Adonis, through no fault Of his. but when
he attempted to improve his personal APP
pesrance by affecting the pompadour style
Of hair dressing. the congregation, unable
to maintain a solemn face. simply stayed
away from church. There are several
morals In this incident II you search 1t dill
gently.
Omaha daily bee., 1902-04-02
OUTLOOK FOR CONSULAR REFORM.

Representative Adams who has a bill
providing for reform in the consular
service, does not regard the prospect
as bright for such legislation at the
present session Of congress. There is
strong opposition to it on the part Of the
spoilsmen, of course, but possibly this
could be overcome If the business in
terests of the country would exert them
selves properly in behalf OF the measure.
1t is pointed out that while 1t is all very
well to pass resolutions, as most of the
business organizations have done, ap-
proving Of consular reform, these we'll
meant efforts have little or no effect
on congressman generally. 1t is neces-
sary that they should be subjected to
the spur of direct personal letters from
constituents.
Senator Lodge also has a measure
| for consular reform and he is most
earnestly in favor of such legislation,
but he has not yet pressed the subject
upon the attention of the senate,
though he may do SO later on. The two
bills differ in details, though the pur-
pose of both is the same. Congress
ought TO pass one of these measures
at the present session. Reform in the
consular service is perhaps less impera-
lively needed now than 1t was twenty
years ago, since which time the serv-
ice has been very greatly improved, but
the reform proposed, which would d.
vorce the service from politics and place
1t upon a basis hat would insure
greater efficiency and usefulness, is still
most desirable.
Omaha daily bee., 1902-04-02

Reliable information on the victory OF
the Bryanite candidate for chairman OF
the democratic congressional commit
tee discloses the fact that the chairman
ship is to be purely ornamental, while
the real power and responsibility is tc
be lodged with the chairman of the ex'
ecutive committee in the person of Ber
T. Gable, a staunch relict of the Grover
Cleveland era. The new Gable is ex.
pected to bind together the discordant
elements Of the national democracy,
but grave doubts are expressed whether
Bryan and his most intimate followers
will permit themselves to be embraced
within it's folds.
Omaha daily bee., 1902-04-02
PENSION COMMISSIONER EVANS.

indianapolis News: People thai honor
a man that does his duty in office will sin
cerely regret the retirement Of Henry Clay
Evans, commissioner OF pensions, who ten
dered his resignation to the president. The
hight that has been made on Mr.. Evans
has finally been crowned with success.
Weary of the prosecutions and opposition
to which he has been subjected, he retires
from the office which he has administered
so creditably.
Chicago Post: The commissioners sur
render is to be profoundly regretted.
Honest veterans had no grievance against
him, while the fraudulent claimants are
not entitled to any consideration. 1t is
interesting to know that the Evans policy
will be continued by his successor"-pre-
sumably by the explicit direction Of the
president. This will make the victory of
the anti-Evans forces utterly barren from
the standpoint of the looter and spoilsmen-
the patriots for revenue only.
Philadelphia Ledger: II the commissioner
has been displaced to placate the "adven-
turous' element that have been so in
dustriously and DANGEROUSLY demanding his
retirement, it would be meet and fit that
they should select his successor, for in
no other way can their uproar be silenced.
In this view OF the case, as the Ledger has
heretofore remarked, Commissioner Evans
successor obviously is Corporal Tanner,
whom nobody accused Of a too punctilious
6delity to his duty as pension commissioner
New York Times: 1t is clear that his
appointment to another and more remuner-
alive place would be an endorsement of his
previous service. That is to say, 1t would
be, in effect a denial that there is any
reason, connected with the service, why he
should be retired. With such an indorse-
ment from the president 1t seems to us
that 1t is neither proper nor even excusable
to retire him. For retirement it is, what
ever form it may take. He has held his
post steadily and faithfully, with patience,
fidelity and courage.
Philadelphia Press: Mr.. Evans was a
soldier in the civil war, and 1t would have
been most %consonant with his sympathies
and preferences to meet even the extrava-
CANT expectations of his old comrades and
construe the pension law with the most
liberal elasticity against the government
and in favor Of all pension claimants. He
had precedent for such a course, but his
idea Of duty was not of that character.
He took the law as he found 1t, construed
it according to precedent and in accord
ance with the terms and spirit Of a fair
Instrumentation
Omaha daily bee., 1902-04-02

The embargo laid upon the issue of
city warrants by the pending tax man
damus suit is becoming more and more
Of a hardship to city employees, who have
been unable to secur salaries earned
since January 1. If any business estab-
lishment held up its pay roll for more
than three months. requiring its en-
ployes to draw on their own credit, its
action would be denounced as the
height Of cruelty, 1t must be remem-
bered, too, that many city employees are
men and women drawing very moderate
compensation and dependent not only
for themselves but for their families on
their earnings. This condition of affairs
should exert some influence for a more
speedy determination of the issues in
the tax case.
Omaha daily bee., 1902-04-02
GOVERNOR CUMMINs' VETO.
Vigorous and WeIghty Objections 20 a
Railroad Bill.

chicago IOSl.
The Iowa legislature has discovered that
it is unwise to reckon without Governor
Cummins, an Independent and courageous
executive who means to do his duty to the
people. The bill to remove the limit of
Indebtedness per mile imposed by existing
law from certain railroads organized or
operating in Iowa, passed will extraordi-
nary and strange alacrity, is vetoed by
Governor Cummins in a message as sound
as 1t is refreshing.
1t is pointed out that the measure is re-
pugnant to the constitution Of Iowa on ac-
count OF its artificial classification of the
railroad companies. In other words, it Is
not general legislation, but an instance of
special lawmaking to further the supposed
interests of three or four lines. This OBJ
lection might be met by an amendment
extending the scope of the bill, but the
executive informs the legislature in adj
vance that another veto awaits any meas
ure embodying the principle Of the present
bill. He declares, and rightly, that prin-
ciple to be manifestly wrong and incom-
patible with public policy.
Governor Cummins, IL Is hardly necessary
to say, would approve any measure de-
signed to enable railroads to secure proper
economy, efficiency or Improvement. But
he says: 1T is one thing to grant TO rail-
way companies the right to borrow the
money needed to aid in the construction
and equipment OF their lines of railways.
1t is quite another thing to authorize a
Omaha daily bee., 1902-04-02
PROF. ROSS ON MS TRAVELS.
Eastern Greeting to n Nebraska
Educator. G..
Boston Transcript.


Boston Transcript. '
Prof. z. A. Ross Of the University of Ne
braska, who comes to lecture at Harvard
university next week, and who, also, will
lecture before the Twentieth Century" club
on Wednesday evening, is the professor
whose dismission from Leland Stanford uni
versity called forth so vigorous a formal
protest by the professors OF other colleges,
who saw in his ummar treatment by
President Jordan a case which raised the
burning issue of academic freedom in Amer
lean colleges and universities. Prof. Ross
treatment, It will be recalled, caused sew
eral other professors of Leland Stanford
to resign; he soon found a chair at the Uni
versity of Nebraska, which has e. Benja-
min Andrews for chancellor, whose. expert
ence at Brown university, had not been al
together unlike Prof. Ross in California;
and then came the invitation from Harvard
to give this special course Of lectures on
sociology, as If 1t were the ancient univer-
sity's way of saying to the western mush-
room growth that Prof. Ross had not lost
caste among scholars by his collision with
Mrs. Stanford. Those who hear Prof. Ross
will not be tempted to 'drowsiness. He is
brilliant, pungent, audacious; does his own
thinking on all matters, and wears no mans
and no schools collar. He is a westerner
whose education was rounded out at the
University of Berlin and at Johns Hopkins
university, and who taught economics at
Indiana university and at Cornell university
before going to Leland Stanford, Jr., uni
~Versity.
Omaha daily bee., 1902-04-02
RAIWAF PROBLEM CAUSING ASxIETY.

RAILWAY CAUSING AhXLETH.
According to Washington dispatches
railway men who have been at the ma
tlonal capital since the proceedings in
stituted by the Interstate Commerce
commission have expressed gloomy
views Of the situation and manifested a
good deal of anxiety as to what may
be the result of the commissions
course. 1t seems that the railway
managers generally had thought that
the agitation regarding rate cutting
and rebates was merely sporadic and
would soon die out, but now that they
see it is the purpose of the authorities
Of the consequences.
The Washington correspondent of the
New York Journal of Commerce says:
THAT an unexpected crisis in the rail-
way world is at hand Is felt by every
one in Washington who has investigated
the situation and who realizes the ele-
ments of disorder which are now rap
idly gathering. 1t may be taken for
granted that legislation of some sort
altering the present contradictory pro
visions of the antitrust law and the
Interstate commerce act can be the
only possible outcome. Such legislation
cannot be passed without correspond
ing enlargement of the powers OF the
Interstate Commerce commission" This
is what the railroads fear and yet If
the statements some of them have made
that they really desire to conform to
the law is genuine it is not easy to
understand why the course of the com
mission should cause them any anxiety,
or why they should object to legisla-
ton for making the interstate commerce
act more effective. The larger railway
companies assert that the smaller lines
are responsible for rate cutting and
imply that but for them the practice
would not exist. The larger roads in
innate that they are opposed to cutting
rates and paying rebates. Why, then,
do they object to legislation for pre-
venting these abuses? Solicitude for the
welfare Of the smaller roads is not a
satisfactory explanation, though this
has been urged.
Meanwhile 1t Is announced to be the
intention of the commission to employ
every means within its power to secure
an absolute observance of the law. 1t
does not propose, it Is said, to cease
operations looking to the enforcement
of the law, pending judicial decisions
on the injunction suits that have been
brought. The commission Is now prose-
cutting an investigation to ascertain If
the law is being violated, as is alleged
to be the case, and undoubtedly the
investigation will be thorough, for the
commission knows that 1t has the sup
port Of the authorities at Washington
and also that it's course is sustained
by public opinion.
There does not seem to be any sound
reason for anxiety in railway circles
in regard to the course of the commits
sion. If the railroads will comply with
the law instead of persistently violat-
ing 1t they will not be troubled, while
the demand for additional legislation
would perhaps disappear. .
Omaha daily bee., 1902-04-02
party?

The committee representing the Doug
las County Agricultural association of
farmers, who farm the taxpayers, wants
to know what the county board pro-
poses to do toward helping to arrange
for the next falls county fair. In other
words, the close corporation that car
ries on an annual squash and pumpkin
show and calls it a county fair has
started out early in the season to ascer-
tain how much 1t can draw out of the
county treasury this fall to enable the
members of the combine to have a good
time at the public expense. Omaha and
Douglas county have outgrown the
county fair years ago. These periodic
raids on the county treasury are not
much better than legalized pilfering.
The real farmers of Douglas county and
taxpayers generally have nothing to
gain by such 3x4 shows, either from an
advertising or educational standpoint.
Omaha daily bee., 1902-04-02

class OF railway companies TO incur un-
limited obligations without respect to the
amount Of their stock or the worth of their
property. l cannot bring myself to. believe
that this species, of special legislation is
consistent with the public welfare or neces-
sary for the legitimate development of rail-
way property. On the contrary, II is my
Arm belief that corporate power to issue
the stocks and Indebtedness needs regula7
tion rather than expansion"
The Iowa bill is not only without paral-
lei in modern legislation" but is a decided
and unwarrantable departure from estab-
lished policy and practice.
Omaha daily bee., 1902-04-02
PLEASURE.
Somerville Journal,

IT'S sweet to sit in peaceful, ease,
When bowling bllzzards blow,
And watch the toiling man, outside, A
A-shoveling the snow. t-
IT'S sweet in gentle spring TO stand
or idly loaf around,
And watch the man who lanes his back
A~-spading VI the ground.
TITS sweet in summer time to swing .
Within the hammock's net,
And watch the chap who mows the lawn,
His brow all damp with perspiration-
IT'S sweet, again, when autumn comes
Oh, yes, IL does o good
To watch the hired man at work
A-sawing up the wood.
In fact. tits sweet at IN time,
II you are prone to sbiTk,
To rest in slothful ease, and watch
Some other fellow work.
Omaha daily bee., 1902-04-02

A plea m for government aid for
destitute natives in the Nome gold
district, where the usual food supply
from the hsh catch has failed and the
of the miners to relieve dis
tress have been Overtaxed. But the
same tempting allurements for a new
crop OF gold seekers will be held out az
soon as the navigation companies get
ready for the next i%nstallment OF Alas
kan tra1iG
Omaha daily bee., 1902-04-02

jury turned a deaf ear to gambling, jury
every lawyer in this community knows
that indictments were brought against
every known gambling house keeper in
Omaha and South Omaha, including
four or FIVE bills against Tom
Dennison? Was not the grand
jury's only offense in the eyes
Of this great reformer it's failure to in
dict Mayor Moores on some ill-defined
rumor? Is not also the chief ground Of
his hostility to the grand jury due to
the fact that 1t indicted Meserve, his
former colleague in the state house, for
pocketing $1,000 Of interest gathered by
loaning out state school money?
And why should Mr.. Smyth vent his
spleen on Judge Baker, through whose
cooperation he was enabled to gain
whatever reputation he made as attor-
ney general in the prosecution and con-
viction of BARLEY? Was Baker a Daniel
come to judgment when he ruled with
Smyth in the BARLEY trial and did he
become the worst Judge Nebraska has
ever seen in advising the grand jury
that Meserve was indictable for milking
the school fund?
Why should Hitchcock, Smyth or any
body else go out of their way to array
the citizens Of South Omaha against
those of Omaha by raising false issues
and attacking peoDle who had no rela-
ton whatever to the South Omaha cam
paign except as members Of a political
nartV2
Omaha daily bee., 1902-04-02

OF course as interpreted by popocratic
organs every municipal election contest
carried by republicans turned on purely
locaLOr personal issues, while every one
in which republican candidates met de
feat attests the popular aversion to re-
publican principles and policies.
Omaha daily bee., 1902-04-02

In the discussion why beef has gone
up, do not overlook the fact that it
takes more beef to feed prosperous
w~orkingmen insisting on three square
meals a day than 1t used to require
when labor was idle or on half time
and eating only enough to live.
Omaha daily bee., 1902-04-02
DECENTRALIZATION DANGEROUS

That there is danger in the overcap-
italization now SO general is well under
stood and 1t is therefore somewhat sur
prising that the corporations which are
known to be largely overcapitalized are
able to readily market their securities.
avoid the stocks OF such corporations,
but so long as dividends are paid,
whether earned or not, most people
having money will not trouble them
selves about the matter of overcapital-
%ization, eyen though they may under
stand its dangers.
At present the conditions are favor
able to the overcapitalized industries.
They are doing a large business at fair
profits, some of them indeed finding II
difficult TO keep up with the actual
demand for consumption. While this
continues the question of capitalization
will not be seriously considered. But
let depression come and the dangers
Of Overeapitalization will be painfully
realized. AS the New York Journal OF
Commerce correctly observes, overcap-
italization is a direct invitation to losses
one or later and losses, II sufficiently
general, check business. impair conf
dence, curtail credit and through a com
p~licated credit system sometimes cause
disastrous results at a long distance
from the point where the trouble began
''The practice" says that paper. "of cap.
italizing the possibilities OF the future
the interests Of the promoter and the
ignorance Of the investor or Spectator,
Omaha daily bee., 1902-04-02
p~esttny,s UnchsnEeabIe Courss
Baltimore American.

Cecil Rhodes left his millions to foster
by an educational system the imperial idea.
which was the dominating one Of his life.
But destiny is shaping itself on its own
lines. and not even a man OF Rhodes
strong character and masterful will, backed
by colossal wealth. can turn the future
into . channel Of his own preparing.
Omaha daily bee., 1902-04-02

The railroad community of interest
should not be allowed to interfere with
the renewal of the annual rivalry be-
tween east and west for the summer
tourist business.
Omaha daily bee., 1902-04-02

Let Denmark decide first whether it
wants to sell its West Indian posses
sions and settle afterward with the
middlemen who have been trying to
gouge out a slice of the cash consid-
Grafton.
Omaha daily bee., 1902-04-02

1t would be much more sensible for
the county commissioners to vote aid to
the women who propose to promote the
cultivation OF Pingree garden patches
than to vote money to the men who pro-
pose to exhibit big ~squashes, pumpkins
and onions under the pretext Of holding
a county fair.
Omaha daily bee., 1902-04-02

Republicans regain the executive man
agement of Council Bluffs municipal
government after two terms of a dem
ocratic mayor. Council Bluffs people
are to be congratulated.
Omaha daily bee., 1902-04-02

The Interstate Commerce commission
threatens TO enforce the law tina pro-
hibits railroads from granting rebates
to favored shippers, but such threats do
not seem to brighten the traffic man
ayers. The commission should either
proceed to enforce the law or stop
threatening.
Omaha daily bee., 1902-04-02

That Civic federation arbitration
board might have a chance to get in
some good work just now between the
sheepmen and cattlemen a-warring in
Wyoming. 1t would be perhaps as
well, however, to let the belligerents re-
lieve their high pressure first upon one
another for a while.
Omaha daily bee., 1902-04-02

With two such noted humorists as
~ex-Speaker Thomas B. Reed and Mark
Twain visiting Cuba at the same time,
our southern neighbors ought to be
enjoying a hilarious time.
Omaha daily bee., 1902-04-02

1t doesn't take much of a prophet to
predict that the next chairman of the
democratic national committee will not
respond to the name of Jones nor hail
from Arkansas.
Omaha daily bee., 1902-04-02

Henry Watterson has now discovered
that the whole republican party is made
up of men On horseback. The exuber-
ant Kentucky colonel should change
without delay from the balloon to the
parachute.
Omaha daily bee., 1902-04-02

The decree for the impending
French general election fixes election
day for Sunday, April ~. Just
imagine the cutlery II an American cleo
ton were called for a Sunday.
Omaha daily bee., 1902-04-02

Predictions are made that the tax
mandamus case before Referee Judge
Ryan will close Thursday. Can it be
possible the lawyers engaged In that
~protracted word battle are running out
of wlnd2
Omaha daily bee., 1902-04-02
DoinE the RiEht ThinG.


bpFInBHeIu FNepuUIIUaH'
The president Is exactly right in his re-
fusal to sign bills relieving deserters Of
their stigma, yet the house Of representa-
tives. which gayly passed 215 private pen
sion bills in almost as many minutes stand
considerably shocked by the executives at
titude.
Omaha daily bee., 1902-04-02

Another good omen for Omaha is to be
seen in the activity Of the paving CON
tractors at the beginning rather than at
the end of the season.
Omaha daily bee., 1902-04-02
Who Got the Money!
Indianapolis News.

indianapolis news.
The asphalt companies which have gone
into bankruptcy. we're capitalized at $751;
o00, 900, had fixed charges Of 81, 15o. 900 and
showed net earnings Of only $3.50 1000. This
is rated as "shrewd hnanciering."
Omaha daily bee., 1902-04-02
sIEe Not All.
Boston Transcript

Boston transcript.
Speaking Of empire building and Cecil
Rhodes, IL is recalled that Carlyle said that
he would rather surrender India than
Shakespeare. Size is not grandeur" said
Huxley, territory does not make a nation"
Omaha daily bee., 1902-04-02
The Charity Racket.

Detroit Free Press.
We gather from ]. Pierpont Morgan's
testimony that the railroad merger was a
species Of organized charity, and that like
a great deal OF other charity. it began at
home,
Omaha daily bee., 1902-04-02

The price of meat has been screwed ND
a few notches with the conclusion of
Lent. but nothing prevents people from
getting even by continuing their Lenten
diet.