The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1902-04-07

a majority of the Mutual bank stock.
ana BY bankers generally the Mutual is
considered as excellent bank property. but
so anxious Were the Stockholders of tha
Mutual 10 get rid of their stock at ssG0
snare that So many Of them sold and
got out mat there is not now a sufficient
number Of the Mutual directors To con-
stitute a quorum and nothing can M
cone IN the way Of closing lib the deal
untll some way is found out Of the ne
culiar difficulty
IL IS provided by law that q director Of
Dank ceases to be a director when his
STOCK IS disposed Of, and out Of the
twenty directors of the Mutual only seven
remain who have not sold their stock,
. ana seven dc not constitute a quorum Il
Is likely that the National Park hank
now being the majority stakeholder. will
De able to name a new board of directors
/ and effect the transfer
This Vanderbilt an Execution
reginald c. Vanderbilt, son of the late
Cornelius Vanderbilt has virtually made
the city present Of more than $. 5OO
Mr. Vanderbilt visited the tax DEPART
ment this week He was shown into
| commissioner George J. GilIespie's Office
Mr.. Vanderbilt came of age on Dec Is
last.
Mr.. Gillespie found that Mr.. Vanderbilt
was liable for only $11O00 in personal.
property. Mr. Vanderbilt demonstrated
that at the time the tax law became on
eratIVe upon him, on Jan. 13, he held q
comparatively small amount Of seC1Iri-
ties. He frankly admitted that sincz thar
cate he had come into possession Of a lot
OF property. After Mr.. Vanderbilt made
! the necessary affidavit Mr.. Gillespie said
that the tax would be levied only on the
Sll,G0O. Then Mr.. Gillespie thought the
interview was over, but it proved not
to be.
Mr.. Commissioner" said Mr.. Wander
bilt in order to demonstrate that I wish
to sustain a proper burden as a citizen
Of this city l Will say that [ am willing to
pay taxes on $2j0, 0G0'
Mr. Gillespie was both surprised and
| delighted, and told Mr.. Vanderbilt that he
wished there We're more like him.
Engagement Rings the Rage Now
To Miss Lila Sloane belongs the credit
CT having inaugurated q new fashion
/ which will doubtless find many followers
both in and out of the 400 Until now en-
Sagements have been signalized by the
/ gift of ring to the maiden by her swain
/ Miss Sloane, not content with this has
/ presented her future husband with an
engagement ring, which he now wears in
token Of the fact that he is no longer "a
| free agent, but under orders"
1t is very handsome ring adorned with
a large cabuchon sapphire fauked by two
fine diamonds, ana is fitted on 10 the ito
! tie finger Of his left hand. In future all
men who marry and who belong to the
! fashionable set here in New York will
/ likewise look for an engagement ring
! from their tidncec. a species of return for
| the ring which they give to her
Lows Cabinet Ripe for Revolt
| SO intense has the friction between Off
/ cials of the fusion administration become
that the designations of several commits
! sioners are likely to be filed with Mayor
I Low within a week
! The refusal Of Comptroller GrOut, with
the apparent concurrence Of the mayor
I TO allow the amounts asked for BY the
heads Of the departments for their ex-
| penses this year, has brought the trouble
to a head.
While the mayor will not talk about
the matter, it is known that he regards
the reference Of Commissioner Dough-
erty Of the department of water supply,
gas and electricity to the ''inane and in
sane policy Of economy" as a direct
fling at himself as well as the comptrOl-
Ter.
The mayor and the comptroller. backed
by President Forres, of the board of al
dermen, are determined to keep the new
budget below the $lO00oO01O mark. Mr.
Grout says that the administration i5
under a campaign pledge to the people
not to increase the expenses over those
Of the Tammany administra ton. How
to reconcile this pledge with the demands
Of the heads Of departments, which ag-
gregate nearly $lO5.0GO000, is the question
which is now causing the trouble
Nixon Fights New York Central
Tammany viii ask Gov. Odeu to veto
the Bedeu bill granting extraordinary
powers to the New York Central Rail-
road company to condemn city property
for the proposed electric 1Oup. Chief
Nixon wired Gov. Odeu for a hearing
this week.