davidaulloa/AmericanStories huggingface dataset:
The independent., 1903-03-26
(3) Vested in the hands of a

(3) Vested in the hands of
few.
(4) BY methods secret even to
stockholders.
1t will be interesting to follow
out the possibilities of such cor
poration. The original idea of the
holding corporation, as explained
by noted financiers, is to enable
the minority to rule the majority.
A majority of the Northern Sc
curities company, namely, $2o1,-
100000, controls the Burlington,
Northern Pacific and Great North
ern systems and all subsidiary
companies whose aggregate capi-
talization, including funded debt,
exceeds $1,000, 100000, but the
board Of directors, whose holdings
of Northern Securities may be
comparatively Insignificant, can,
during the tenure of their Office,
appoint a committee with power
to act and to use the seal of the
corporation at pleasure. This
committee may only be three in
number, and a majority is deter
minative. Thus, in the last an
alysis, two men may control the
unlimited powers of the holding
company, which in turn controls
the vast powers of the Burling-
ton, Northern Pacific and Great
Northern companies and all sub
sidiary companies. When in the
history of corporate organization
was there ever a charter which
concentrated such vast and i'm
measurable power in the hands
of so few?''
In the hands of those two me-
would lie the destinies of the mil
ions of toilers in the states in whicl
lie those $4,000 miles of road Wit
hat power, those two men could rui
my business firm and build up an
n which they were interested. The
:ould cause the grass to grow in tn
streets of one city and make anothe
. great commercial emporium, ii
which the favored merchant prince
would live in marble palaces. Thu
wo men who controlled transporta
ion rates upon which all business
depends would be the absolute maste
If the millions, no matter what form
# government they might adopt. Th'
PEOPLE there may have the initiativ,
md referendum, the single tax or tn,
ncome tax, they may elect their sena
ors by vote of the people, have {
ariff or free trade, if the power re
mains in the hands of these TIVE
nen to fix the charges for passenger
md freight, they, and they alone, viii
'e the rulers and gather all the wealth
hat is produced above a living fol
he inhabitants.
That is the power that railroad
managers would grasp.
The independent., 1903-03-26
THE FINANCIAL REGULATOR

In the very constitution of things
there is a sort of financial regulator,
which, if allowed to work, will keep
the steam down in the boilers below
the explosion point. 1t is only when
some financial fool gets to sitting on
the safety valve, while others like
unto him begin to jam the furnaces
with coal tar, bacon and what cargo
of dry pine they have on board, that
! the explosion takes place and all go
to the bottom together. That financial
regulator is the interest rate. When
the rates of interest are low men be-
bin to expand their business in every
direction. Plants are increased, more
are employed and there is a general
tendency to boom things. A few years
ago it will be remembered that the
banks were full Of money, they went
seeking customers and to get them
put the rates of interest way down.
everything began to expand. Men be-
gan to make money in nearly all the
enterprises in which they were en-
gagged. On top of this, the credit sys-
tenn was spread out over all creation.
The banks were to blame for this.
But now there is change. Rates of
interest have become abnormally high.
Banks are charging excessive rates and
halt is being called. Men go to the
banks to get credit. The conservative
banker, instead Of telling the would
be. borrower that he has not the mon
ey to lend or that he has doubts of
the ability to pay, simply puts up the
rates of interest to such point that
the customer knows that there will be
loss instead of gain in the proposed
enterprise and he abandons it. That
has tendency to curtail business and
bring it down to point commensurate
with the volume of money.
The trouble about this regulator is
that it is worked by very fallible and
selfish creatures called national bank
ers. At first the increased rate of in
terest is a great gain to them and the
tendency is to push it until industries
are crippled, thousands of men are
thrown out of employment and the
creation Of wealth in great measure
stops, the fires in the furnaces go out,
the wheels refuse to turn and the re-
suit is the same as if the furnaces had
been filled with coal tar and pine with
a niger sitting on the safety valve.
The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1903-03-07
HOUSE MOVERS SORE
Will Fight in Courts for Their Right
to Cut Down Shade
~-.- Trees. I
Test Case Against Fred w. Pratt
and Peter Lee Begun in
Police Court.

Local housemovers are SO irritated by
the. restrictions thrown about them that
they are, willing to spend money to get
rious existing laws regulating their bust
ness, and will take an appeal to the ,su-
preme court to find out if they can be re-
strained from cutting down trees and do
ing other damage. Judge W. A. Lancas-
ter has been retained as their attorney.
=7~The test viii be made in the cases
against Fred W. Pratt, leading house
mover, and Peter Lee, one of his en-
ployes. arrested at the instigation of the
park board for cutting a limb off a cot
tonwood- tree in front of Ala Eighth
street S.
Mr.. Pratt had a permit from the coun-
Gil to move the building down Eighth
street, but none from the park board.
which has jurisdiction over shade trees.
The park board officials did not hear Of
Mr.. Pratt's work until it was we'll under
way, and when Secretary J. A. Ridgway
and C. J. lockwood, its attorney. reached
the scene, the house was half a block be-
yond the cottonwood, while a six-inch
limb was piled on a wagon. s::-
In the police court Mr.. Pratt admitted
that the limb had been cut off by his or
der. It was in the way of the house.
which he was allowed to move by the
council. The case was not completed this
morning. Judge Lancaster intimated that
| there would be an appeal in case Mr.. Pratt
was convicted.
The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1903-03-07
MEAD IS SENTENCED
Found Guilty of Making a False
Affidavit in Homestead
; s...-.. 49, .|
A. L. Morey, Counterfeiter, Gets a
Five-Year State Prison i
T.. ....- Sentence, H..

Orrin S. Mead, on trial before Judge
Lochren Of the United States district
court, was found guilty by a jury this
morning of making false affidavit in
connection with a soldiers claim for ad
ditional homestead rights. Mead had al
ready been convicted of a similar offense.
He was sentenced to two years and six
months at Saltwater. - -.
Albert L. Morey, sc years old, admitted
that he was once more a counterfeiter.
The punishment decreed was 500 fine and
five years in the penitentiary.
Andrew Carlson, a youth who had
pleaded guilty to the charge Of writing
obscene lette RS, was sent to the state re-
formatory for six months.
Fred S. Newton was charged with
advertising and distributing through the
mails articles for use prohibited by law.
He paid fine of $3.50.
Louise Vac, who managed Newton s
''side line withdrew her plea of guilty.
Assistant District Attorney. Smith ex-
planned that Miss Vac never dreamed
what she had been doing. The case was
nolled.
DR.. Arthur klementz. ST.. Michaels
Wright county confessed accepting more
than the legal fee for aiding an old soldier
who sought pension. DR.. I<lementz said
he was"sick and had been ignorant. With
a cordial THANK you, your honor" he
accepted a fine of 500 and a sentence OF
sixty days in Jail.
The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1903-03-07
new 3 ]. HOLD ON !. AME 5
May Be Forced to Return Through
Claims Of Bondsmen
F.. = II. ...
g. :: on Him.
Significant Move by the States L.
gal Representatives, Re-
quest by Wire. --

Former Mayor A. A. Ames may be
brought back to Minneapolis even if the
habeas corpus hearing set for next
Wednesday results in his favor. ~.
If the habeas corpus proceedings prove
successful attempt will be made to
bring the doctor back as the prisoner Of
his bondsmen, Messrs. Lowry, Boutell
Schiek and Johnson. This plan is be-
lieved to involve some interesting posi-
bilities.
County Attorney F. H. Boardman re-
firm of Taggert, futile & Burroughs, re-
tanned by Sheriff J. w. Dreger, to present
Minnesota's case, The telegram asks
the county attorney to secure a power of
attorney from each of the Ames bonds
men. and, together with a copy of the
bond and the indictment. to forward the
same to Hancock, N. H., Immediately.
The inference is that these will be. used
to secure the return of the former mayor
if Minnesota loses in the habeas corpus
case. 20 ~.. ... ~,
Chief Deputy Sheriff Arthur Jones this
morning received letter from Sheriff
Dreger, dated at Hancock, March 4,
stating that he had paid an official visit
to the prisoner. He says: "The eX-mayor
I saw him last He spoke about coming
back if he was only well enough, but ]
have heard that%often. If he is able to
go to Manchester for the hearing he will
be able to go west"
The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1903-03-07
WANT \ NO. ]. PAVILION
Lake Harriet Folk Will Oppose Re-
building of Structure Burned
= 4. = e." 5..#'. Gs E.s1E p - Fl -;
Last Night. T.. T..
Street Railway Company Is Indif-
+: ferent-The Venture Not
- Paying One. " -.

Residents in the Linden Hills district
will oppose the rebuilding: of the Lake
Harriet pavilion, which was burned to
the ground last night. They will pro-
test to the park board against the re-
building, and it is said that they will have
the hearty cooperation of Alderman
Schoonmaker. They argue that the exist
ence of the pavilion at its former loca-
ton was serious drawback to Linden
Hills as residence district; and they will
suggest that if the structure is to be re-
built at all, it be erected on the farther
side of the lake. near the outlet and that
the Bryant avenue car line be extended
so as to make it easy Of access. .-- .,
The Lake Harriet pavilion has, in it.
self, always been a losing venture. 1t
has never paid expenses and year after
year the street railway company has had
to make up the deficit out Of fares col
lected on the Harriet line. For this rea
son it is possible the company will regard
with equanimity hostility to rebuilding
C. G. Goodrich, vice president and gen.
eral manager of the company, said this
morning, than no plans had been made.
The Fire Last Night
The ruins of the pavilion are beyond
restora ton. The fire. was first noticed
under the caves, and is supposed to have
been caused by electric wires. When the
fire extinguishing apparatus reached the
scene after travelling several miles, the
pavilion was burning fercely, making an
immense illumination. The float and a
part of the north end were saved by the
firemen, but the pavilion is practically a
total wreck. ct, : ~
The structure was owned by, the street
railway company and was worth about
$4,000. The contents, consisting of fur
niture, counters, ety. owned by H. M
Barnett, who controlled the ,refreshmen
privileges was probably worth $4,000. Boil
parties are protected by insurance. ~.
| The building was erected about tel
years ago to replace the old one which
stood alongside the track little to tn
north of the trolley line station. The frs
pavilion was burned down about clever
years ago. ,,. H.. 60.
49, Better Fire Protection. :.
| The March meeting of the Linden Hill
Improvement association will be held a
Berry's hall next "Wednesday = evening
| The matter of better fire protection TO
Linden Hills will be taken up,
The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1903-03-07
RESULTS OF BENEFIT
Reports by Police of Tickets Sold
for Bijou Famine Relief
-~'~ sv Benefit.
State Fund Made a Big Jump Yes
terday-Grand Total Now
$47,63s.3o.

Reports were made to-day by the police
on the amount Of tickets sold for the
two weeks Bijou theater famine relief
fund benefit. The: total sales were
s1.12O.5O. divided as follows: Central sta
ton, s323.25; East, $4,000; South, s271.75;
North, $166; Fifth, s170. The complete
report has not yet been made up.
At the office of Secretary Swenson
are ward returns are beginning to come in.
E. r. Beenan, chairman or the st. Louis
Park committee, RENTED $1a0; of this
S22.75 had been collected by Z. P. Lock-
wood from the officers and employees Of
the Minnesota Sugar company; $3.50
from the Monitor Drill company's officers
and employees, apd 1878 from the Off
GERS and employees OF the rFosston Wind
stacker company, by Cooper Spencer.
The general collection is in the hands of
w. B. Waddel and has not yet been re-
ported. ...
William Francis, treasurer of the First
Baptist church, reported an additional
S. so from the church.
The daily gain of the state. fund is
steadily increasing, amounting yester-
day to $2,331.43, making the total sub
scripton from the state s33,020.74; this
with the $14,617.56 now, to the credit
of Hennepin county, makes a grand total
of SAT, $3.50. There was reported to-day
directly to the treasurer, N. 0. Werner,
SIS additional from the retailers and $40
from c.. E. Lindberg. .:-t- +.
| Last night the carpenters union voted
| $50 to the famine fund and the plumbers
| union gave $40. ~. -~- - r.s--.. +.
| Reports from Norway are more dis
couraging than ever and the government
has officially recognized the necessity for
| outside help. 1t has also appropriated
about $4,000 to be lent to farmers to
purchase seed grain IT.
The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1903-03-07
ACCOUNTANTS AT WORK
Stacy and Dickey Begin Checking
Up the Permanent Improvement
Revolving Fund. -.>.. :

An armistice having finally been de-
clared between iCty Controller Joshua
Rogers and the invading forces mar
shalled by the committee on accounts of
city officials, Frank N. Stacy, Edward
Elkman, his assistant, and T. S. Dickey
are at last hard at work on the per-
manent improvement revolving fund and
other accounts. -. -. d.
AS the checking up has been delayed
about two weeks by the controllers per-
sistent refusal to cooperate the account
ants have been given until the last coun-
Gil meeting of the month in which to form
ulate their report. T." r..
While the accountants have not pro-
crossed far enough in their work as yet
to make any definite statements they are
said to have discovered enough discrep-
ancies already to indicate that the deficit
in the revolving fund will prove even
larger than was at first expected.
City Assessor C. J. Minor, former county
auditor, says that Controller Rogers is
wide of the mark in seeking to place re-
sponsibility for the revolving, fund short.
age on the county auditor and city en-.
gineer. He declares there is no conceiv.
| able way in whic neither Of these offices
could be made accountable for any short
comings in the revolving funds
The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1903-03-07
INVASION OF EUROPE
Count Kaman of Hungary Predicts
Descent Upon Civilized World :.
by Chinese.

Count Karman Of Budapest, the off
cial commissioner of the Hungarian gov
eminent in the United States. who is at
the West hotel, predicts a Monaghan in
vasion Of Europe within the next fifty
years or century. The count who is in
America for the purpose of lettering the
trade relations between the United States
and Hungary. was for eighteen years in
China as consul at Annoy and Swatow,
and later ambassador. He is recognized
as one of the best informed men upon
Chinese affairs. .... .~-
"Since the recent Boxer uprising. and
the trouble with the powers said Count
Karman, China has been employing Jap
arese teachers in the universities and in
the army. More than two thousand Japa-
nese are now employed by the Chinese
government. When the Chinese become
thoroughly acquainted with the arts Of
civilization, and their army is in a position
to fight with the European troops, they
will ,overwhelnl all Asia and Europe. This
will not take place for fifty or hundred
years, 1t may not take place within thu
next two centuries, but it will undoubtedly
happen unless. some unforeseen circum
stance prevents ~ -
The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1903-03-07
TWIN CITY oUARTET,s HIT
Sang at Famine Benefit at crooksten with
-. Great Success.

49, Great Success.
Last Thursday evening the Twin City
quartet, consisting Of Miss Mabel Runge,
soprano; Miss ,Mynn Stoddard. contralto;
Alvin Davies, tenor, and John Ravens.
croft, basso. gave a benefit concert. at
.Crookston, the proceeds to swell the funds
for the famine sufferers. The concert was
a great success unsteady as well as finan-
cially, and as a result the famine fund
was increased by $3.50. Standing room was
at a premium. Speaking of the work of
the quartet the Crookston Journal said:
Where all are such highclass artists, it is
perhaps unfair to specialize. The work of the
quartet was very smooth. the voices were well
balanced and the general effect was 50 we'll re-
ceived that encores were demanded. as, indeed
was the case with the solo and duet numbers
The evening was a rare treat to all present
Russell Patterson. the accompanist. was
also the recipient of appreciative notices
at the hands of the press, both for his
solo work as we'll as for his excellent
accomplishments, and the individual mem
bers Of the quartet were each lauded for
their successful efforts in individual work.
The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1903-03-07
NO CALL FOR AMES
Ex:Mayor Will Probably Be Taken to
Hospital Here

Hospital Here.
70 Jail or not to Jail? That is the uues-
ton which is now agitating officials and
others who believe that Albert A. Ames.
alleged to have been. emperor of Mime
apolis graftdonn, will soon be brought back
to Minneapolis as the prisoner of Sheriff
j. w. .Dreger. Will DR.. Ames be assigned
a cell in the county Jail or will he be
treated. as a sick man and be given the
benefits of hospital care? 1t now seems
almost certain that the latter alternative
will be chosen.
One thing is settled: Sheriff Dreger
and the local officials will take no more
chances of losing sight of Dr. Ames.
Grown: wise through experience, they are
now determined to have no more slips. The
former mayor has without doubt, had his
last. chance to do a disappearing stunt.
The sheriff has expressed himself forcibly
upon this point, and every precautiona will
be taken and every effort made to bring
A. A. Ames before the court of this dis
trict. The inclination, therefore, would
be to lock the doctor UP in cell.
3. On the other hand, it is conceded that
the prisoner is a sick man, and as such,
that he should be treated with very pos
sible consideration. If he is brought back
here it will be with the greatest possible
care. He will be given every comfort and
luxury and, according to Mr.. Dreger's
Statements will have a physician and a
trained nurse in attendance. Once in Min
neapolis, care for his health will not cease
for, though it is felt that it would be safer
to lock him up, it is also felt that he car
be kept safely at a hospital. The prob
abilities are therefore. although moth
ing definite is given out by the sheriff's
office, that a room at the city hospita
will be provided for the prisoner and {
guard placed over the invalid.
It has been said often by friends, anC
| is reported as being the expressed senti
ments of the former mayor that, coult
he be guaranteed that prison doors would
not open for him, at least not until aftel
he had been given a trial, he would gladly
|returrl. .y~,.l ..... ss:. r.. ~ o.:
The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1903-03-07
TROUBLE is IN SIGHT
Announcement of Fast Train to Chi
cago Stirs Up Railroad
Men.

. . = 70 |= ~. ~ .
Trouble is brewing in the ia ilrOad world
because of the Milwaukee train to be put
on Sunday. 1t will reduce the running
time to Chicago to twelve hours. BY
carrying passengers it will violate the
,13h-our agreement. which has been in
force. This agreement was for the bene-
fit Of the weaker lines which have the
long runs to Chicago.
The long lines have been very Jealous
of attempts of other roads to violate the
spirit Of the agreement by putting sleep
ers on at intermediate points. The Mil
Waukee and the Omaha have been ac-
cused of such tactics, but now the Mil
waukeey comes out boldly and announces a
train to leave Minneapolis at 6:55 p. M,
and arriving at Chicago at Z a. m.
It is fortunate that the attempt at fast
time was not made earlier. 1t has been
difficult the past winter for any road ia
make time, partly because OF the poor
quality of fuel.
The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1903-03-07
Photo by Journal Staff photographer

Esb3aE Is ' 7 e = *
err, first assistant to Mr.. Montgomery
and the latterset himself to work to Sc
cure funds for adding an institutional
feature Personal solicitation among the
prominent business men showed them to
be wholly ympathetic, and to-day Rus
kin Hall is receiving the finishing touches
which wilEsenable it to open early In April.
1t is in a neighborhood where saloons
have heretofore been about the. only
places where men and boys could reg
ularly congregatesfer social enjoyment.
but already it is assured sof patronage
which will more than justify its establish
ment From. the beginning, it will be
equipped with a free kind ergarten,
library reading and lo,inging rooms. gym
nasium and bowling alleys Next year it
is planned to add regular instruction in
Industrial work IL 1t is the plan to make
the residents of the vicinity feel that
sRussin Hall belongs to- them andsis thor
.oughly for their use and enjoyment.
The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1903-03-07

~ 8 - - s,5
Within a few weeks Ruskin Hal, the
newest manifestation Of Wesley. NJ E.
church usefulness, will be in operation at;
Twenty fourth street and Twenty third
avenue S. 1t is an adjunct of the Wesley.
mission at that point and the two insti-
tutions combine to form the nucleus Of
what is expected to prove most effective
social and religious work. The idea of
the plant was brought by .Rev.J. S. Mont
gomery from Oxford sEngl and, where he
had opportunity to6obserye the practical
value of such work s.; Last fall he sue
iceeded in securing the little church build
ing which had been used with varying
success by various organiza tons for the
last fifteen years, and at once plans were
put into effect to place the work al that
point on permanent basis. Regular
Sunday morning and evening services,
wi tn s. pleasant Sunday a fternoohs,.s for.
men, were conducted by Rev. =. "A. Arch
The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1903-03-07
FIRST CASE OF KIND
John Bonk the First to Be Convicted
Under Non-support
Law.
He Is Ordered to Pay 81 Monthly
for the Support Of Il
His Son,

For the first time in Hennepin county 4
violation Of the new non support Ia "
has been punished. By order of Judge
Harrison John Bonk, convicted of failing
to support his little son, will have to pay
81 per month for the boys care and he is
to be placed under bond of 81 900 to do
so. There is another charge against
Bonk of failure to support his wife, but 1t
has been continued over the term.
James West. a prisoner on the charge Of
grand larceny, was this morning allowed
to plead guilty to petty larceny. He was
sentenced to ninety days in the work
house. *. -f -sEE = .
Edward Harkins.. who admitted petty
larceny. was sentenced to ninety days III
the workhouse. d..