Durango semi-weekly herald., 1902-07-24


li,ical upheaval over the negotiations
OF the administration with the Vatican
about the Philippine friais. Insofar
as they dared they have endeavored
TO stir mp passion over that question.
But the movement has fallen fiat The
better press Of the country has not
taken to it and there is no evidence
thet the adhereLts of any church are
excited about the matter In any way.
An official of the administration. com
menting on this affair, said
we were often warned not to touch
the friars problem We were told that
1t was dangerous thing to handle.
Predictions were made that we should
have church war for the administra-
tion to face. But we've not been de-
TERED by these gloomy prognostica-
tions. We have gone ahead in an eff
fort to settle business question In a
business way. No man in his senses
| will charge the administration with
enmity to the church. Everyone
knows the facts and the best Catholics
in the country fully understand why
we are trying to get the friars out of
the Philippines. They find no fault
with our attitude. and no fault is
found with it at Rome. Though we
have not been able to effect settle
ment probably no such notion as that
we are hostile to the church ever en-
tered the mind of any of the dignitar
les OF that church. 1t remained for
few vicious newspapers in America to
undertake to stir up passion and ha-
tired and to undertake to plunge
church question into politics. | am
not surprised at their failure. That is
one sort of political discussion the
American people will not tolerate.
SAN FRANCISCO. Calif.-, July 22.-
Betting on the Jeffries and Fitzsim-
mons fight is becoming brisk. There
| Is considerable FitZ money in sight.
but is being held off for four and a
half to ten. Jeffries people demand
do nothing until after the fight He
| will box six rounds with Brother Jack
tonight.
Ftz from now on will devote his
! time to strengthening his wind and
gaining speed. He feels in perfect
condition. The arena in which the
| fight will take place is nearing COM
pletion. In all, it will contain about
| forty thousand seats. and they will all
probably be sold.
ST. JOSEPH Mo. July 22.-The
Missouri Democratic convention con-
vened at 1890 on call of State Chair
man Zeibert. A picture of Bryan
looked down upon the assembled sew
en- hundred delegates and about two
thousand spectators. The usual
prayer and welcoming addresses were
made The state administration has
the convention well in hand.
NEW YORK, July 22.-Plans have
been definitely agreed on for the com
binatlon of the strongest real estate
| corporations and the most prominent
I construction company in the country
in new concern. to have capital OF
more than $G0,OOO.0OO James Still
man. John w. Gates. Charles M.
Schwab and Cornelius Vanderbilt are
among the men who will be interested
in the new company. Three corpora
| tions-the George A. Fuller company.
the New York Realty corporation and
the Central Realty Bond and Trust
| company,-have decided to unite, and
two others-the Century Realty com
pahy and the Alliance Realty company
will be included in the merger II
they find the terms offered to them
acceptable. The present aggregate
4 Nf lV,a no
amounts to s22 100000. So far as the
New York Realty corporation and the
Central Realty Bond and Trust com
pany are concerned. their assets great
| ly exceed their capitalization.
| The men who direct the affairs Of
the New York Realty corporation and
the Fuller company and the Central
Realty company have agreed verbally
upon the terms of the merger. the
price at which their respective secur-
| tiles are to go in and the prices to be
| offered for the stock of the other COM
panies. 1t is planned to have the con-
solidated company Issue per cent
preferred stock to the amount OF $780,
900 900 and common stock to an
amount exceeding $50 .O00-its ey-
act total being naturally undetermined
yet. because OF the uncertainty as to
whether the Century and Alliance
Realty companies will come in-and
to issue bonds later as funds may b/
needed for prospective improvements.
The business of this new trust is to
be two-fold. the construction work to
be handled by the Fuller company, and
the operating in real estate by Albert
Falke and Robert Bowling, now the
acticc vice presidents of the New York
Realty corporation. AS the three COM
panes which have decided to merge
control a number of important proper
ties susceptible OF improvement, the
new trust can Immediately take mp
the work OF building on its own lands
II It sees fits. Chief among its OBJ
jects Is the saving OF expenses, such
as the commissions of agents. which
amount to many thousands of dollars
a year upon single big Office build
ing.
NEW YORK. July 22.-John w
Gates has begun his fight to finish
| Ne ha Epo "