The Wisconsin tobacco reporter. (Edgerton, Wis.) 1877-1950, 1902-04-04
STATE POLITICS QUIET
Nor Will Municipal Elections Have
State Significance.
MANY MILLIONS IN FACTORIES
Two Thousand Fresh Water Lakes
Up North--C. & N. w. X. II. Earn
ing 90 Per Cent. on It's Stock.

Madison. Wis, April 1.-Nfunicipal
elections to be held today, including
contests for judG~ships. have tempo
rarilv obscured L. state campaign. The
result of the elections will f]e various
ly Interpreted, IS always, to mean the
dominance Of ocle faction OF the other,
but really it Will be hard TO read the
significance Of them-eVen in the Tar
rant contest in Milwaukee. Here was
judge recently appointed by Govern
or Lat'ollette and now opposed by the
stalwarts ostensibly because Tarrant
was a law partner of KrOnshage, a La
Toilette lieutenant Yet Tarrant, be-
ing admirably fitted for his position, is
receiving the support of great num-
bers of the bar-t0 an extent, in fact,
that will make the outcome either
way meaningless from q fractional
point of view.
Wisconsin Manufactures.
The fresh bulletins from the census
departments which come to newspaper
offices are interesting reading, especial
| ly when they be on Wisconsin topics
| our own state. The report shows q
capital Of 33O56S, 779 invested in man
ufactures and mechanical industries in
| the 16, 1S1 establishments reporting foT
| -
| the products is returned at $3GO,S1S,-
| 042, to produce which involved an out
| Lay of $10,60S,3S3 for salaries of Off
rials, clerks, ETC.; sos 407 .597 for wa ges:
| $30,935,334 for miscellaneous expenses,
including rent, taxes, ETC.; and $685.
| S3S, 167 for materials used, mill sup
4 products for the state Of Wisconsin,
| $36O,S1S,942, is the gross value, and not
| the net OF true value. The difference
| between these two should be carefully
| noted.
/ Manufacturing is not concentrated i1a
| Il few localities, but is distributed
| throughout the state. Six large rivers
| the Menominee, st. CroiX, Chippewa.
WISCONSIN, Fox and NNolf-with small
Ell streams, and nearly two thousand
| fresh water lakes in the northern part
OF the state, afford enormous water
power, as yet only partially developed
| On the western boundary of the state
are go miles of navigable rivers, while
| the Great Lakes extend for more than
400 miles along the northern and east
| ern borders. On the shore of Lake
| Michigan and Green bay are eleven
important manufacturing cities. all ac-
| cessible to lake-going vessels; and the
cities of Ashland and Superior, On
Lake Superior, are large and growing
manufacturing centers In 1900 Wis
consin had 6,531 miles of railroads,
which have contributed to the develop
| ment of agriculture and manufacture.
Prosperous C. and N. w. Railroad
The financial journals are much i'm
| pressed by the prosperity of the Chi
cago and Northwestern railway The
stock has recently advanced. SAYS
| The Financier: Northwestern common
is now paying 6 per cent, though the
| road is earning about 20 per cent.
! upon both classes of stock The pre-
| ferred is entitled to non-cumulatiye
dividends of per cent. per annum.
| After the common has received per
cent the preferred receives per cent.
been paid upon the common. both is
sues share alike. At some future time
the road will certainly make a distri-
| button of assets in the form of a stock
dividend, rs the company's earning
power is more than equal to the pay
ment demanded upon the present capt.
! tai
During the twelve months of the
calendar year, 1901, the company in
creased from $3O977.243 to S43, Q9S,-
5S7. Net earnings have increased in
the last four calendar years from $13,-
03S, 433 to So, 7S9,96S. While operating
1000 miles less road than ST. Paul in
1901, the gross earnings were S729, 574
more. Northwestern has for years
appropriated from earnings relatively
larger sums for improvements. Dur
ing the last fiscal year st. Paul has
earned 1921, 100000 gross and paid in
dividends $2S,000,000, or 12.7 per cent
Of the gross income. The Northwest
ern earnings Tor the same period were
S231,000,000, and the amount paid in
dividends was $22,00O,O00, or 8 per
cent. of it's gross income"
Wisconsin Births Fewer.
1t is surprising to know that there
were fewer births in Wisconsin in
1901 than in 1000 by 1000. Winneba-
go Oshkosh fell off one-half There
were more marriages in the state.
however, by 500, and our old friend