davidaulloa/AmericanStories huggingface dataset:
The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1903-04-21
CAPITALIZATION AND PUBLICITY.

A circular recently issued by a New York banking
makes rather elaborate argument in favor OF
overcapalization, and against publicity a remedy
for present trust conditions. In brief the argument is
that it of the governments business how much
watered stock issued and it holds that the article
used by of such overcaptalizaton.
1t is insisted that watered stock not evidence of
evil design.
All of which is sophiscal and misleading. The OBJ
ect of watered stock is to make dollars out of one
And it is accomplished in this A has a
business plant representing investment of $Tooooo
and earning 20 per cent per when business is
good. He organizes company with capital of $780,
900, and shows in his prospectus that the business will
pay 10 per cent per the capital stock He
sells 100000 worth of stock and still has his original
Misunderstanding his capital. The business pays 10
per cent the doubled capital which is not exorbi
tant profit
And right there is where publicity to the res
cue or is designed to come the There proba-
bly, would be loud protest against providing protection
making per cent profit, especially when gov
and municipal bonds from to per cent.
The protest against profit of per cent the capital
stock (haf waer) would not be vehement against
the 20 per profit half the capitalization These
figures are used merely for purposes of illustration
The billion dollar steel earning less than
ID per cent on actual investment and half of the billion
dollar stock absolute Now per annual
y on half billion dollars is pretty to exact
from the of the United States corporation
products; it amounts to $7o,ooo,ooo annually.
Once the public is assured through official sources
that the steel trust fleeing the OF the Unit
ed States to such the demand for reduction of
tariff duties will increase.
Publicity is an important feature of the antitrust
legislation of the last congress 1t will be in part eff
fectvebut not effective reduction of the tariff
on trust made articles of general consumption The
only way to reduce the of American trust made
goods is permit of European competition, which
only be effected by lowering the tariff duty.
The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1903-04-21
THE LEGISLATIVE SESSION.

There has been nothing picturesque about the legs-
laure which is just about to close its sessionand for
that should be held in grateful remembrance. If it
did little good it did less harm, and its deliberations
have generally been tempered by good sense.
With few exceptions its enactments are not note
worthy There were the usual number of entirely
less bills introduced and they have been quietly dis
posed OF after the fashion followed by legislators who
know how avoid working as a matter of superhuty.
And IN the enormous amount OF cha represented by the
bills introduces there few grains of wheat that
have been wnnowed out at the expense of some wind
and yet another few that all the putting in the world
could not bring to the light of day.
The one thing in which the legislature has been dere
ct IS in refusing to act upon the bill that would
power municipalities fix the compensation to be ex-
acted by franchise holding corporationsthe primal OBJ
ect Of which to bring about the reduction of
car fares during those hours when the used
most by the working people Perhaps the blame does
not lie so much with the whole body with the dele
cations from the larger cities, St Paul in particular But
Ii cannot be gainsad that the members of both houses
understood very well the merits of the measure, and
the question might we'll be asked what interest the
rural members have in Directing to the passage Of such
a measure? 1t might be said for them that they do
not want to interfere in local matters when the local
delegation is not agreed, but there times when this
stretching of courtesy should When the rights
of the people neglected by their direct representa-
tves is the obvious duty Of those representatives who
understand and appreciate the situation ignore the
usual rules of legislative courtesy and do the right thing
1t might be added that the country members have not
infrequently fit to ignore the demands of the city
jewellers, even when they have been supported by the
city delegations.
The passage of the capitol appropriation bill and the
act enabling St. Paul increase its indebtedness
the most important affecting St Paul that have
been favorably acted upon The at large had per-
haps larger of interest in the tax amend
ment and the grand jury bill than any Others but the
session has not been distinguished by the unique in mi
bV IF the
craftsmanship displayed.
Altogether it may be said that the session has been
free from scandal and that it has accomplished little
good it has done harm. Which statement of fact
may be accepted by the legislature a strong COM
mendation, in view of the record made by of its
predecessors
The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1903-04-21
THE INGENIOUS CHINESE.

Since the exposure of the methods of All SIM and
the comments thereon by the poet who wrote of him.
have, in this country been minded to assume that
the Chinaman given to assembling If there be ground
for the belief then is there refutaon of the implication
against the character of the Chinese in the remarkable
document that given the world Sunday when
the correspondence between His Exceency Yuan Shin
Hi vcerOy of the province wherein lies the district of
Kucin and his subordnates regarding the suppression
of the Boxer movement, made public 1t was re-
ported by the subordnates that persons had been
arrested for organizing Boxers In the decree of Yuan
Shin Hi the following order promulgated:
"As to the ten men and women already in custody,
let them be carefully tried and afterwards beheaded and
let their heads be to the place of their rebellion
and exposed warning all and to bear testimony
to the rgor of the law"
Let them be carefully tried and then beheaded. "
Did the late Mr. Gilb 1T say better thing when
he putting words into the mouth of the Mikado
or those other personaFeS in whom he thought he
burlesquing the Orientass?
The order shows that Yuan Shin Hi is at once
statesman and striker for the rights of the individual
The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1903-04-21
Looking Out for Woodchucks.

cock will wear a handsome solitaire
ring and Chief Clerk Schmahl beauti-
fully engraved gold watch presented by
the members of the house.
The presentation was made just be-
fore the dinner recess last night.
Speaker BabcOck was induced to leave
the chair in favor of Speaker Protein
Armstrong and Representative Law
renee Johnson, claiming the privilege of
the house, presented to the speaker
the ring on behalf of the members in a
neat little speech, cOmplimenting the
speaker as an official and valued friend.
The speaker controlled his emotion
with difficulty. He said: There are
many times in a mans life when he is
wholly unable to express the gratitude
of his heart. This L never so fully real
lied as now. During the long fight for
the election of a speaker 1 was some
times afraid of myself; afraid that I
might not be able satisfactorily to per-
form the duties of presiding officer.
Again in view of the long drawn-out
fight [ was afraid of the sore spots that
might be developed thereby. The latter,
l am happy to say, have not material
lied. All have given me earnest and
cordial support, for which l am truly
grateful There has been less friction
in this house than any which has come
under my observation.
There is a touch of sadness in what
I have now to say. This session in all
probability ends my political career,
and [ am called upon to say to you
good-by. If, however, at any time I
may be able to render you any service
that service will be pleasure, not
duty"
The speaker was given a rising vote
and Mr.. Bowling secured the floor to
present the chief clerk the watch Mr.
Schmahl responded briefly, and the
house adjourned at once. The next half
hour was spent in exchange of con-
gratulations.
The tokens of the house esteem were
purchased by committee Of one from
each senatorial district, as follows:
Messrs. w. A. Nolan. Hinton, Dorsey,
Lemon, Bardwell, Rider, Clague, Dow
ling, Wells.
The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1903-04-21
PASSED THE MORLEY BILL.
But Senator SchaIIer Objected to Lob
bysts on the Floor.

Senator Schaller made a fierce fight
against the Morley live stock board bill
in the senate yesterday morning and
lost. but before losing the senator
from Dakota had the pleasure Of de-
nounctng the loose methods which per-
mitted lobbyists to work on the floor
Of the senate.
The Morley bill was called up early
in the day and Senator Brewer moved
that the rules be suspended and the
Dill passed. A roll call was demanded
and when the call had ended several
necessary votes were missing.
Secretary Langum called the absen-
tees several times and then Senator
Schaller filed an objection. The sena-
tor from Dakota insisted that the re-
suit of the vote be announced and
protested that Senator Lord, who was
at the secretary's desk, had no right
to inspect the roll call before the vote
was announced.
Senator Schaller then called atten-
ton to the fact that a man who hopes
to be attorney for this board If the
bill IS passed." was on the floor lobby
ing for the bill. President Jones called
the attention Of the sergeant at arms
to his order forbidding the presence Of
lobbyists.
Senators Schaller. Witherstine and
Peterson opposed the bill and Senator
Schaller declared that it gave the Twin
City inspectors the right to go out
through the country and compel all
to bow to the will of DR.. Ohage. but
this time the combine stood solid and
after rejecting several amendments
passed the bill by a vote of SO to 21.
The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1903-04-21
VESTS SAFE INVESTMENTS.

There is publication called Bonds and Mortgages,
devoted to the financial interests indicated in its 1t is
published in Chicago and hence far from the
tons which recent interesting article applies The art-
Gle cOndenses the reasons why the West is as safe a
place for investment of money the East South.
The principal of the improved conditions in
the West the fact that the West is settling up rap
idly that increase Of property naturally beget coneva-
ts and that the possession of local capital abates the
intensity of the abuse formerly heaped upon Wall street
the of all evils.
Western towns growing and their municipal
bonds in demand by of the fact that Eastern
capitalists have confidence that the bonds will be taken
OF. Realizing that the West is a permanent and
developing part of the country, Eastern men are no
longer trying exploit the fullest extent in the
shortest time, with view to pocketng the proceeds
and getting out.
These considerations, in the we'll grounded opinion
of Bonds and Mortgages give capitalists confidence in
the West and make investments there safe and desirable
This being the case, there will be ready market for
Western municipal and corporation securities and the
needed money be secured carry forward enter
prises that promise stability and permanence.
The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1903-04-21
GEN. OTIS MARKED.
escapablei

We informed with shudder that note has
been found among the captured papers of Aguinaldo
which is commission to kill Gen. Otis 1t is said to
be in the handwriting of Aguinaldo and addressed
to another Filipino.
Should the prove authentic, and h G. 10 e
has particular doubt its authenticity, it
forcby illustrates the character of the people bought
$3.50 per head and have spent least $5ooooooo to
subject If the leaders of the Fipnos of that char
acter what must be the nature Of the rank and file?
But while on the subject it may not be amiss to re-
call the fact that Funston out with virtual commits
sion kill Aguinaldo. He to capture him if posi-
BILE; if not -? Well, all know what would
have happened Aguinado hadn't been deceived by the
cunning of a Mai. Andre in his ranks. By the en-
poyment of forgery of Aguinaldos signature, the
adoption of the Filipino uniform, and the help of a
trusted countryman the Filipino leader captured
alive and the book of American history spared stain
that would have been ineradcable and damning
Aguinaldo poor half-savage that he was commits
stoned native to kill Gen Otis; Funston, brigadier
general in the United States army, commissioned to
take" Aguinado alive if possible, dead if he must.
Are we in position to throw stones at the Filipino?
The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1903-04-21
LEGISLATURE FAILS TO
SUBMIT AMENDMENTS
Continued from First PAGE.

trick the university management had
turned on the legislature. He referred
to the $1,000 the university secured
for improving the campus and point
ed out that the money was to be ex-
pended in building grand stands for
the football team"
Senator Comstock urged the passage
of the bill. but the motion to suspend
the rules was lost, % to 80. The vote
was as follows:
Ayes-Brower, Calhoun, Comstock,
Cowan. Eberhart, Fitzpatrick, Gjertsen,
Hardy, Harrington, Hawkins, Horton,
Jepson. Lord. McGiI, MCGOWAN. Peach
ey, Peterson, Pugh Rieke, Smith +. F..
Smith w. A, Somerville, Stone, Steph-
ems, Sundberg, Swedback, Ward. Wilson,
WOod.-Total 90.
Nays-Barker, Batz, Benson, Buck,
Campbell Cole, Collier, Collester, Cooke,
Dale, Dart, Dunn, Du Toit, Durant Ev-
erett. Ferris, Johnson, Laybourn, Maus-
ten, McNamee, Morgan, NaeSeth, Mich
OILS, Putnam. Schaller, Schultz, Schell,
Thompson. Thorpe, TOrson.-Total, 30
Senator Morgan called up the Hinton
bill providing for specific gravity tests
in the inspection of Illuminating oil.
Senators Durant and Putnam opposed
the bill, and their efforts defeated the
motion to suspend the rules, the mo-
ton lacking three of the necessary
votes.
The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1903-04-21
NATIONAL CONVENTION OF
LUMBER MANUFACTURERS
Forester Pinchot Speaks and Numerous
Papers Are Read.

WASHINGTON, D. c., April 2O.-The
National Lumber Manufacturers Asso-
citation began a two-day session today,
marking it's first yearly meeting. Presi-
dent E. c. Forsburgh, of Norfolk, Va,
presided and read his annual address.
Following the reading of reports by the
secretary and treasurer, the delegates,
of whom there were seventy-five, list
ened to an address on forestry by Gift
ford Pinchot, forester of the United
States department of agriculture. The
association discussed the question:
The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1903-04-21
WILSON'S BILLS FAIL.
Senate Refused to Pass Regulations for
Companies Incorporated in State.

Senator Wilson's companion bills, de-
signed to correct the difficulties en-
countered by the state when proceed
ing against corporations, died in the
senate yesterday afternoon.
The measure compelling companies
incorporated under the laws of Mime
sofa to hold their elections of officers
within the state, and the measure COM
pelling foreign corporations to furnish
a state agent to accept the service Of
legal papers, were called forward by
the senator from Hennepin, but each
attempt to suspend the rules was lost
by several votes.
The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1903-04-21
PAYMENT OF HIS DRAFTS
WAS REFUSED IN INDIA
Alleged Frauds Amounting to Half a
Million Dollars.

HAVANA, April transactions
that are alleged to constitute frauds
upon merchants in London, Paris and
Frankfort, to the extent of malt mil
lion dollars, were developed as a result
of the arrest this afternoon Of Santos
Vasquez who conducted merchan-
disc brokerage business in Havana
under the name Of the Mutual Mercan-
tile Agency of New York.
1t Is alleged that Vasquez had for
eign goods shipped to Havana during
the last six months, giving in payment
ninety-day drafts on Fruhling Bros, OF
London. This firm accepted the drafts,
but refused payment when due, saying
the Havana house had not sent 1t
money Mexican merchants also are
reported to have been victimized.
The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1903-04-21
TODAY'S WEATHER.

NIinnesota-Fair Tuesday and Wednes-
day; light to fresh north to northeast
winds.
Wisconsin-Fair Tuesday and Wednes-
day. light to fresh north to northeast
winds.
Iowa-Generally fair Tuesday and Wed
nesday.
Upper Michigan-Fair Tuesday and
Wednesday; light to fresh northwest
winds.
Montana, North and South Dakota
Generally fair Tuesday and Wednesday.
ST. Paul - Yesterdays temperatures,
taken by the United States weather bu-
reau, st. Paul, w. E. Oliver. observer. for
the twenty flour hours ended at O'Clock
last night-Barometer corrected for tenn
perature and elevation. Highest tempera>
ture S. lowest temperature, 80: ayera ge
temperature IS; daily range, 10; average
eter. 3O.OS; humidity, II; precipitation
. .04; p. m. temperature 81; D. m.
wind, northwest; weather cloudy.
The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1903-04-21
PLENTY OF VOLUNTEERS
READY TO FIGHT TURKS
GaribaIdi, However, Expects No Rising
in the Balkans This Year.

ROME, April 2O.-Ricciotti Garibaldi,
leader of the Italian volunteers in
Greece during the war with Turkey,
has received letters from almost every
country in the world from men who Of
fer to volunteer to join his expedition
to free Macedonia from Turkey; these
offers include the formation Of a bat
TALON of yeomanry and cavalry in
South Africa. Many offers to volunteer
have been received from the United
States. Proposals Of assistance have
also been received. including an en-
thusiastic letter from Countess HOr-
tense de Nicolai, vice president Of the
Pennsylvania WOmens National Al
lance for Peace. 1t is reported, how
ever, to be Signor GaribaldPs opinion
that no serious rising in the Balkans
is nOsSible this year.
The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1903-04-21
DOMINICAN GOVERNMENT
TROOPS SHELL CAPITAL
Then They Are Forced to Withdraw,
After Heavy Losses.

SA1TTO DOMINGO, April 18.-Troops
of the government shelled this city yes
terday and several houses were dam
aged.
The government soldiers attacked the
city in force at several different points
this morning and the fighting lasted for
one hour. The government troops sus-
tanned heavy losses, Gen. Cordero, min
lister Of the interior; Gen. Alvarez, gov
ernor of Puerto Plata, and Gen. Que
sada being killed. Over 100 govern
ment soldiers were killed or wounded
and the government forces were obliged
to withdraw.
The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1903-04-21
AZ ST. Paul
:. Theaters

James O'Neill in 'The ManxInan"
played to another appreciative audience
at the metropolitan Opera house last
night. Mr.. O'Neill has found in this
play role entirely different from any
tnlng IN which he has been seen here
tofore: The honors of the evening were
also shared by Chas. Kent, Joseph Kill
gour and Miss May Buckley, all Of
whom are we'll known in St. Paul. The
engagement Will close with a matinee
and evening performance tomorrow.
Miss Mary Shaw In Ibsen's Ghosts"
will be the attraction at the Metropoli-
tan opera house for one week, begin
nlng Thursday, April %. with the usual
1natlneeS. The sale of seats for this
engagement is now on and from tele-
phone orders and inquiries received at
Inc box office. she will play to large
houses during the entire engagement.
Tim Murphy in his greatest success,
The Carpetba gger," will be seen at the
Metropolitan Opera house for three
nights and matinee, beginning Thurs
day, April 80 The sale of seats for
this engagement will open Monday
morning, April 81.
The Little Church Around the Cor
ner made its second appearance be-
fore st. Paul audience at the Grand
last evening and, judging by the ap-
plause which greeted the various scenes
and situations of the play, it scored.
Inc plot is not entirely new, but the
author has introduced the characters
and arranged the various scenes in a
manner which serves to provide a
pleasing whole.
In Not Guilty" the melodrama which
comes to the Grand opera house next
week are several we'll defined charac-
tiers. The scenes are laid in New York
and the story presents the opposing
forces of villainy and virtue.
only King" a funny burlesque, is
making a hit at the Star this ak,
George I. Davis and Mike Kelly make
royalty responsible for some very queer
sayings and dOings, and in the olio
there are some clever musical and aero
batic features.
The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1903-04-21
SEASONS CHARGES FOR
ORE-CARRYING FIXED
They Show an Advance of Ten Cents
Over Last Years Rate

CLEVELAND, Ohio, April 2O.-The
seasons charges for ore carrying were
fixed today as follows: Eighty-fve
cents between Duluth and Ohio ports;
70 cents from Marquette to Lake Erie;
So cents from Escanaba to Lake Erie.
These figures are an advance of 10
cents over last years rates. Four mill
lion tons were contracted for today.
The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1903-04-21
CHOLERA CARRIES OFF
A Philippine JUDGE
But the Epidemic Is Declared to Be
Practically Over.

MANILA, April 2O-Judge Carlacl.
of the court of first instance, is dead at
Cebu - cholera. He contracted the
diseaE in Bohol. The deceased was a
Matte of Illinois.
The epidemic of cholera Is practi-
calIy oyer, there being but few cases
in the southern islands. Six men in
the command OF Capt. Pershing died
of cho era during the Bacolod opera
tiOnS.
The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1903-04-21

What the National Lumber Manufac-
turers' Association can accomplish for
our association, and the Lumber Indus
try at Large"
Papers were read by John Roper. of
the North Carolina Pine Association:
r. L. Mccormick, of the Mississippi
Valley Lumbermens Association. and
B. F. Mcmillan, of the Wisconsin Hard
wood Lumbermen's Association Com
mittees were appointed. They will
make reports at tOnOrrow's session.
The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1903-04-21
Senate Would Return FLAGS.

A resolution authorizing the govern
or to return to the Confederate veter-
ans of the Thirty-fifth and Thirty
ninth Mississippi regiments the flags
captured by the Fourth Minnesota
regiment during the Civil war was in
troduced in the senate yesterday morn
ing by Senator Comstock and passed
The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1903-04-21
NEW SACHEMS AND
OFFICERS FOR TAMMANY
Four of the Former Take the Places of
Present Sachems.

NEW YORK, April 2O.-At the an
nual election of the Society of Tam
many or Columbian order tonight the
following sachems and officers were
elected for the ensuing year:
Sachems-John f. Ahearn, Thomas j.
Dunn, Victor J. Bowling, John Fox, Asa
Bird Gardiner, Randolph GUggenheim-
er, Louis Haffen, Patrick keenan,,
Charles f. Murphy, Daniel F. McMa-
hon, George w. Plunkitt John J. Scan
nell, Timothy d. Sullivan; secretary
Thomas f. Smith; treasurer, Peter F.
Meyer; sycamore, Bryan p. Henry;
wlskinskie, John A. Boyle.
Senator John f. Ahearn, Victor J..
Downing, Louis Haffen and Timothy d.
Sullivan are the new sachems elected
In the places of John f. Carroll, Maui
rice Featherson, John w. Keller and
George G. Clausen-
The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1903-04-21
Knocking Out School Book Trust.

Senator Schaller's bill to reorganize
the state library commission and allow
school districts to purchase books in
the open market was passed In the
senate yesterday morning.
The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1903-04-21

Is the organization of a society for the promotion
of celibacy by the members of the Old Maids cOnven
ton by way of revenge man. do the splnsters
merely recognize and submit to condition that is
escaDable?
The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1903-04-21

The deCadence of the modern Greek was beautifully
illustrated in Chicago Sunday when thousand natives
of the Hellenes worked themselves into fine frenzy
the matter of killing policeman and then
did not make lob of it.
The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1903-04-21

ST. Paul has water wagons to the
number of sixty-th three, all painted vel
low. This color was selected so there
would be no mistake made by those
who are DESTROYS of getting on to the
water wagon. 1t strikes us that sixty
three is hardly sufficient to go round
Saltwater Gazette.