davidaulloa/AmericanStories huggingface dataset:
La democracia. (Ponce, P.R.) 1890-1948, 1904-02-02
Paris
Ell premiO GOncOurt

Los diez literatos que componen 10
Academia Goncourt, reunidos en- frster-
nal banquete en- el restaurant Champe-
aux, han sdjudlcado, desobremess, cum
pliendo la voluntsd del fundador de
aquel cenaculo literario, ell premio de
cinco mil frances que debe conccderse
cada aIo 81 autor de la mejor obra de
imagination escrits en- prosa francesa.
Mi suprems voluntad-dej6 dicho
ell gran novelador-es que Ell premio sea
otorgadc Ia juventud. la originalidad
del taleuto, los nuevos y atrevidos alar-
des del pensamiento y de Ia fams
Ell fallo del consejo literario de los
Diez era agusrdFdo con ansiedad por
gran n1mero de j6venes cultivadores de
las letras Muchos eran los cue sc dis
putaban ell premio, no t&nto por la mate
rislidad de los cinco mil francos-con
todo ser ese un gran incentive, prin-
cipalmente tratandose de quienes no 60
zan a1n de fama en- ell mercado literario
como por Ia honra que supone ia con-
quista de ta( galard6n, preludio brillan-
te de una carrera trlunf&l.
Tratarase de un premio que hubie-
ra de Str discernido por Ia Acsdemia
francesa, y de seguro que Ia emulacion
entire los jovenes no habr1a sido tan
| grande, porque en- aquelIa fosificada
corporation las gallardfas literarias de
Ia gente moza no SO consider&n dignas de
alento, sino, por Ell contrario, merece-
| doras de anatema.
Entire los aspirautes al premio Con
court iguraban Jean Vignaud, Charles
Louis Philippe, Rene Boylesve, Barbu-
sse John Philippe Nsu. Este 1ltimo
ha sido ell preferido por los miembros de
la Academia Gonconrt, y el Sc le adiu
| dicara Ell premio de cinco mil frances
Los juzgadores no Sc mostraron unani-
mes al emitir sus sufragios, para Ia otor-
gaci6n del premio; pero por gran mayo
ria triuuf6 ell actor de <Forces enne-
miess. As1 Sc tituls Ia novela que ha
Waldo joni Philippe Nau tan senalads
distinction
FL laureado novelists, apenas tiene
historic literaria. En- los primeros amos
de su juventud dedic6se al comercio V
despues viajo en- calidad de photo en- IN
trasatlantico. Mas adeIsnte decide de-
dicarse la literature, Y entonces vivi6
sucesivamente en- las Baleares. Proven.
"a, Canarias, Normandia Ia MartiLica.
En- Ia actualidAd tiene fjada su residen-
cia en- Paris.
Bsjo ell pseud6nimo de John T. Phi
lippe Nau Sc oculta NJ. Torquet, Que ex-
cede POGO de los 80 amos es IN escritor
de briliante porvenir
La democracia. (Ponce, P.R.) 1890-1948, 1904-02-02
HOti(idS generates

ADoLFo MEDINA: La nOche de- 90
del mes pasado celebr6 una velada en-
ell casino del Pepino> disertandO sObre
Lopez Garcia Y CASTELAR, Abri6 ell act0
con un discursO muy discreto Ell senor
don Juan Torres Reyes Y recitar0n poe
sias con mucho aciertO los senOres don
Andres Mendez Liciaga, don AlejandrO
Font Y dO1 Jose Carde. Todos recOgie
ron grandos aplausos.
ABsUELTO: LO ha sid0 ante la Co..
te de DistritO de MayagueS el sen0r don
Joaquin Beamud, director de ~El PdtriO
ia. de San German, en- la causa que so
le siguiera pOr el articulo 40 Ie no 50
dig9.> E. Jurado prOnunci0 vere5ictO
de incul pa biIidad
ENFERMo: Sc halla enf9rmo de 2ra
vedad an Manati ell joven don Casiano
Mediavilla Morey.
De BAYAM0N: Antes d. aver inteu.
to suicidarse ell j0ven Luis Hernaiz.
IN tirO de revolver In
dujole a tomar tan funesta resolution
ell prOfuDdo pesar que le OcaSiOn0 Ia
muerte de su madre. Ell se1or Hernaiz
fue coDducidO al Hospital y va Sc encuen'
ira fuera de peligro.
LICENCIA: Le ia sido concedida al
Teniente senior Arturo la Rosa.
MONONGAHELA: Ha fOndeado en- In
bahia de San Juan dicho barco escuela
que permanecera en- ell puer
to tres semanas.
RENUSCIA: Ha presentado la re
nuncia de su cargo de Presidente de la
Junta EscoIar de Lares, don Luis Con
Z leg Garmandia.
hPRoBADos: Ell Departamento de
ha aprobado los presupues
tos escolares de Adjuntas, Humacao
San Germ II. /
SIN MEDICo: Ha rennnciado an car.
10 de odcial do Sanid Id do Naguabo, oil /
La democracia. (Ponce, P.R.) 1890-1948, 1904-02-02
A DIESTRO 7 SINIESTR0

Y rat6ricos. gauosos del APPLAUSE aficlo-
nados las frases galanas, de relumbron.
Pede que en- aIgunos haya derroche
de galas y exceso de lirismo; pero no Is
nuestro pueblo tan iluso que Sc deje ofus-
car por Ia bril.antez de Ia forma. sin Il
iarse en- ell fondo, en- To- substantial.
Nj tanto nj tan caiVo.
Bueno es huir de las eXageraclones
y evi5arlas, va en- un sentldo, va en- otro-
Todos los extremes son vIclosos.
No alcanzara nuestro pueblo ell gra-
do de cultura que slcanzan otros pne-
bios en- este principle de siglo; pero tam
COCO pertenece al n1mero de los mas
estuItos irrefexivos que sc pagan de
palabrer1ss huecas.
Abundan en- nuestraS masas lndoc-
tas la perspicacia v ell talento natural,
no del todo desarrollados, por falta de
medios por sobra de incuria, foJedad
6 descuido, en- los que debieron procurar
instruirlas educarlas.
Convene hacerlas esa justicis, por
que bien Ia merece.
ST hoy muestran su predileccl0n ha-
cia deternlinados oradores, ind1cenlas a
clio, no los tropos nj los arranques efec-
tistss que puedan encerrar las perora-
clones de estos, sino las doctrinas y ten
dencias que defenden propslan.
Y hoy fota en- nuestra stm6sfera
social poftica una tests sim patica, que
atrae concierta las voluntades va
arraigando POGO q POGO en- Ia conciencia
pdbica: la tests unionista.
lQoe extrsno. pues, que las multi
tudes estallen en- aplausos entusiasticos.
cusndo nuestros oradores encarnan en-
su palabra ese pensamiento y ese prop6'
sito que late en- ell cerebro y en- ell cora
ION de la inmenss mayorfa de los puer
torriquenos?
Y aqu6 extrafIo que acojan con frial
dad, con indiferencia con disgusto os
tensible las predicas de los que van er
contra de esa corriente?
Ese es ell case, y bajo concepto al
guno debe impedirse que la opinion p6
blca sc manifesto libremente.
Y tiende cohibirla un peri6dict
que Sc llama repubiconos Y defenso1
ac6rrimo de los principles democraticos
La democracia. (Ponce, P.R.) 1890-1948, 1904-02-02

eThe Puerto Rico Esgle> la empren- |
de con nuestros orGdores parlamentarios, !
Nal afio para ell amigo Cumba y
para ell sefior Dalmau y Canet que sc
proponfan expIotar esa materia presen-
t4ndonos, en- sendos libros. ell esbozo
Ia silueta de nuestros delegAdos mas eio-
cuentes
FL 6rgano pseudo-republicano de Ia
ciudad del Sur mega en- T9dondo cue Ia
les oradores existao entire nosotros.
Sentada dlchA afirmaci6n, resoltAra
que, 81 CumbA D.imau Sc deciden
publican esas obrss qr nan anunciado,
vendran q caer en- pArecido caso al de
las patronas de TaboAds que sirven sus
huGspedes chocolate -. sin chocolate y
tortillas sin huevOs.
Tambi6n arremete ell colegd contra
ell p1blico que asiste las sesiones de To-
Camara v muestra su aprobacl0D su
disconformidad, por medic de los aplau-
sos. de los rumores del silencio, como
81 ell p1blico no tuviera ell derecho de en-
treqarse q esas manifestations, que se
usan v repiten en- todos los Parlamentos
del mundo.
Ouiere, por 10 visto, sThe Eagle
que ell pGblco que presencla los debates
de nuestros CuerpOs colegisladores sea
de estuco 6 de carton piedra; insensible,
frfo. incapaz de Is indignation, de Ia
protesta del entusissmo.
V6ase, ahora, este argumento Pc
regrino:
eAsamblea que delibera bajo Ia pre-
sion moral mas menos directs del ph-
blico que escucha sus deliberacones,
impartiendo & capricho lauros censu-
ras, carece de libertsd de acci6no
Morrocotudo es ESQ.
Impossible Sc hace contener los mo-
vimientos de Ia opinion en- los auditorios,
tratese de asambleas 6 de espectaculos
p1blicos; las demostraciones de agradc
8 desagrado surjeu inevitablemente. y
para evitar esas demostraciones on nues-
tras C8maras serfa precise que 6stas de-
liberaran puert& cerrada, 10 cual es
antidemocratico absurdo.
Tacha ademas ell colega nuestros
oradores parlsmentarios de superfcialeE
La democracia. (Ponce, P.R.) 1890-1948, 1904-02-02
MOnSplOf BIenk

FL domingo por Is noche lleg6 San
Juan, proceden de Barros, ell Iltmo.
Sr Obispo, Monsefor Blenk.
Durante ell mes pasado recorri6 los
pueblos de Ia vcarfa de Ponce.
Han sido nuy fructuosos sus traba-
JOS viene cortento satisfecho del es-
piritu religiosO que ha encontrado.
FL dis tres, or Ia tarde, saldra para
uRysma: dc ALI q Ponce, para presidir
una velada Ell Ell Clrculo Cat6lco, conti-
nuando despu6s su vlaje Coamo para
seguir Ia vista hasta fines de mes
La democracia. (Ponce, P.R.) 1890-1948, 1904-02-02
0omb~: reria

Don Narciso Estrella Noises, espe-
cialista en- ell ramo dc sombrererfa, par
ticipa 4 este pGbIico hsber fjado squf su
RESIDENCES, en- la calle dc Acosta, esquina
& LUchana.
HI sefor EstreIs es conocedor de
todo squello que Sc relacione con las ext
gencss de 81 ramo gArantiza Ell mas
extricto cumpiimiento en- Ia eXsctitud de
sus trab2jos.
La democracia. (Ponce, P.R.) 1890-1948, 1904-02-02

sehor Gutierrez, por 10 que aquel pueblo
queda sin medicO.
PROPAGANDISTA: UnO de los mas
enthusiasts propagandistas de la Uni6n
en Manati, es el senior don Enrique vi
llamll Pears. persona que ha ocupado
1nportantes cargos en- ell partido Repu
blicanO local, debiendose Ell Ell triunfO
en- las 1itimas elecciones.
Preside: Han ingresadO a cumplir
cOndena, Antonio Marques Mo ina v
Francisco Marin, procedentes del nucleO
de confnados que trabsjan en- la carre
terra de HumacaO Yabucoa.
Ell SENIOR GORDILs: Sc asegura que
ell Gobernador DO ha aceptado Ia re
nuncia que del cargo de Delegado pre-.
sento ell senior Gordils, habiendo reci-
b1do este ultlmO una carta de Mr. Hunt
cuya publication seria de intel es pb
b leo.
CAMUY HATILLo: Los repubIjca.
nos de Camuy Hatillo SO mnestran
partidari0s de la disoluci6n lie los par,
tidos pollticos.
COLONIA PUERTORRIOUENA: Se afr.
ma que Ia ColOnia PuertorriqueTia en-
los Estedos Unidos, So dirigira por me
d1o de una carta q sus cOmpatriOtas da
Ia lSla, 1nvIt DdClOs cesar en Ia DO
Utica de partidOs y & unirse para traba.
jar pOr ell bien De Ia patria.
SUsTITUTO: Ha sidO nom brado macs.
tro sustituto en- Utuado doa Rafael RI
mireZ.
AHoRCADA: Ell viernes 6ltimo apa
recio anOrcada en- ell barriO de Rio
Arriha POniente, MaDsti, Ia sonora Ba.
silia Perez, viuda dc Viera Hacia mas
de dos "nOs que estaba padeciendo de
demencia y en- otras ocasiones habia
lntentado ah rcarse. Parece que por
la madrugada Sc levant6 dirigiendoss
la cocina de Ia casa de su hijo Manuel
y llevandose una frisa, la at6 del techO.
coigandose de ella Solo levantaba
unas cuatro pulgadas del techO.
EMULSION: Ii Emulsion de Scott e.
Ind sc iuo nents ei mej0r medicamenfo
para curar los padecimientos de origen
escrofulo5O.
Asi opina Ell iustrado doctor Ferrer
cuya competencia medica es bien como
cida eu da la Isla
Don G lbriel Ferrer Hernandez. Doc.
tor en- Aedlcina Y Cirujia, M6dico del
Hospital dc la Conception,
Certi1ca: Que la Emulsion de Scott
de aceite de higado de- bacalao hipo
fostitos alcalinos preparada por los 50
nores Scott & Bovine, es de los medi |
mas en- boga. tai vez ell mas |
recomendable por su eficacia en- las en- |
,srmedades del sparato respiratorio, &c /
ell mejor an los pade
;imientos do origen escrofuloso,
para que asi cOnste doade con.
Tenga expide la presente. que firma en-
san Juan de Puerto Rico. AbriI 80, 1894.
DR.. GABRIEL FERRER HERNANDEZ.
En- esta Imprenta So vende papel
Eiel0 de peri0dIcos 42 quintal.
La democracia. (Ponce, P.R.) 1890-1948, 1904-02-02
Fl ST. MulOz Rivera

Hoy, & medic dfa, lego esta ciu-
dad, donde permanecera algunos dias,
que no podemos fijar con precision, este
querido amigo nuestro, fundadCr de La
DE1IOCRACIA.
Sc hospeda en- la casa que ocupa
nuestro director don Mariana Abril.
LIE reiteramos nuestro afectuos1si-
nno saIudo, deseandole grata estancia en-
ere nosoCros.
La democracia. (Ponce, P.R.) 1890-1948, 1904-02-02
I:I Or. oabater

Ha fAllecido repentinamente en- Qua
yama el doctor don Joaquin Sabster,
antique m6dco de aqueila locslidad.
FL doctor Sabater era ell Presidente
del Comite del partido republican, en-
Guayama.
Reciba 50 distinguida familia nues-
tro p6same.
La democracia. (Ponce, P.R.) 1890-1948, 1904-02-02

Para curar un resfriado en- I'm dia
tome las PASTILL tS FAXANTE5 DE
BROMo QUININA. FL boticsrio le de-
yolvera el dinero 81 no 70 cura. La f.
ma dc r. w, GROVE se hnlla On cada
cNita. A
La democracia. (Ponce, P.R.) 1890-1948, 1904-02-02
JESUS MARIA TExID0R

Este estimsdo amigo nuestro que
desde hace amos ingres6 en- ell cuerpo ju-
rfdico de Ia armada espAhoIa. hs sido
nombrado auxiliar de Ia Direction de
la Narina mercEnte en- Espshs.
Feicitamosle asf como su hernia
no nuestro buen amigo don Jacinto.
Ambos son zbogsdos que honran al
foro puertorriquefio.
La democracia. (Ponce, P.R.) 1890-1948, 1904-02-02
DudaS

Existfan dudas acerca de si
estas apelaciOnes deb9r(an diri-
girse al Congreso.
La democracia. (Ponce, P.R.) 1890-1948, 1904-02-02
Washington

La Corte Suprema de Was
hington ha decidido que las apela-
clones de la Corte Federal de Pto.
Rico deben ser presentadas ante
ella.
La democracia. (Ponce, P.R.) 1890-1948, 1904-02-02
HOTEL UNION
PanchitO Rivera

Hospedaie econ6mico. .-Buea servi'
cio.- Casa fresca clara Gale de
Allen (antss Fortaleza) mum. l9.-San
Juan, 2. Z.
La democracia. (Ponce, P.R.) 1890-1948, 1904-02-02
Gimenez

Ell General Gim6nez esta en-
Montecristy, donde ha recibido
grandes pertrechos de guerra para
continuar la lucba.
La democracia. (Ponce, P.R.) 1890-1948, 1904-02-02
s S AN JU AN
POR TELEGRAPH
Febrero 2.
Sdnt0 Domingo

Todos los puertos dominicanos
estan ocupados por ell gobierno de
Morales.
La democracia. (Ponce, P.R.) 1890-1948, 1904-02-02
LINEA FERRFA DFL OESTE

Itinerario de Trenes y V1pores Que re-
gira desde ei dia 20 de Noviembre
de 1902.
Salidas de la Capital Bayam6n
SiuuItA
La democracia. (Ponce, P.R.) 1890-1948, 1904-02-02
RED D" LINE
sapOreS csrreOS anerlcanee

Salidas dcsie Ponce para New York
Mcdiodfa | tardc Vapores
La democracia. (Ponce, P.R.) 1890-1948, 1904-02-02

En- esta Imprenta SO vende papel
viejo de peri6dicos s2 quintal
Barbour County index. [volume] (Medicine Lodge, Kan.) 1880-current, 1904-11-02
WHERE IS THE MAYF!,OWERo
Pertinent Inquiry as to the Localit
of the Presidents Yacht.

Emperor William likes Mr.. Roose-
welt sincerely for his imperial ways.
He likes him for his taking care of
his own pleasures. 1t tickles his I'M
perial Majesty that Theodore Roosevelt
has yacht, the Mayfiower, most lux
uriouSly appointed, which is somewhere
ensconced in Mediterranean waters.
The yacht is somewhere about the
the waters of the earth. The Govern
ment is paying a sum for it-that is,
the people are paying the cost. So
remarkable has been the display OF lux
ury about this American republics i'm
perial boat that it has attracted the
attention Of every enterprising news
paper man in the country, even includ-
ing the pictorial artists. Yet photogra-
pher of the Navy Department has been
ordered to destroy all the plates and
pictures representative of the interior
of the craft. What is the fear about
this boat? Is it not fact that the
Administration knows that this sort of
thing is inconsistent with a republican
form of government? And is it not
q patent proposition that it is best to
conceal all that can be hidden about
this imperial boat? There is an eX-
pensive naval and military entourag &c
about this Government which is con-
stantly growing in extent and ex-
pense. 1t goes along with colonial ex-
panSiOn and all that. sort of rotten
thing, which is contrary to republican
form of government.
Barbour County index. [volume] (Medicine Lodge, Kan.) 1880-current, 1904-11-02

After his terrific Indictment of cor
ruptiOnists in his own administration
this is what he has just said in his let
ter OF acceptance:
'tNe base our appeal upon what we
have done and are doing. upon our rec
ord of administration and legislation
during the last seven years in which
we have had complete control Of the
government. WE INTEND IN THE
FUTURE TO CARRY ON THE GOV
ERNAIENT IN THE SAME WAY
THAT WE HAVE CARRIED IT ON
IN THE PAST"
How did the administration proceed
to cut all the awful, disgraceful, de
grading corruption to which the Presi
dent pointed the finger of righteous
scorn in the departments?
Just two or three offenders were III
dicted. Not single criminal in the de
partments has gone to any Jail. Not
one of them has ever been punished
Yet in these departments, according tC
President Roosevelt himself, We're meI
guilty of frauds, forgeries, perjuries
and shameless briberies."
He went after these rascals as he
did after the trusts. He quit as soOI
| as he began, as soon as the pursuit o.
rascality had the appearance of sue
cess.
Was it any quality of mercy which
caused Mr.. Roosevelt to suspend thu
| cause of justice, or was it because h'
vas candidate for President?
Barbour County index. [volume] (Medicine Lodge, Kan.) 1880-current, 1904-11-02
CORRUPTION
/ CAMPAIGN FUND
Republican National Committee Holding
Up Corporations Right and Left.

The Wall Street Summary. than
which there is not a fairer non-parti-
san financial journal in the country.
says. touching the Republican efforts
to raise corruption campaign fund:
Already number of the largest cor
porationS in this country, popularity.
et in many cases misleadingly, spok-
en- of as trusts and hence likely to
lie under the bah of the Sherman An
thrust law. as interpreted by the Su-
preme Court of the United States In
the Northern Securities case. have
been approached, yes. actually impor-
tuned, by the managers of the Repub-
lican campaign or their authorized
emissaries to contribute to the treas
ury of the National Committee. In
some cases assurances have been Civ
en- in the White House, that now that
the issue raised by the Government
in the Northern Securities case has
been sustained by the Supreme Court,
certain aggregations of industrial en-
terprises would not be held as coming
within the purview of the decision
mentioned.
I'VE can state further that the ex-
ecutives of some of the corporations
that have been approached. as de-
1
political party in behalf of which the
appeals have been made, yet they have
deemed it good business judgment to
give the matter their favorable consid-
| GRAFTON.
THE most fragrant case of this char
acter that has come to our knowledge
| is that of the executive of one of our
| larger railroad systems, who has vir-
l tI1ollU do0idad thof II iS FOR. Tho hocf
! interests of his corporation that in
| some way a substantial contribution
should be made to the cause represent
ed by Chairman Cortelyou, because
| the Chairman is slated for the position
| of Postmaster General after March f.
| should his efforts to retain his party
| in power be successful. This corpo-
| ration, in common with all other trans.
| portation companies, has constant and
| sometimes conflicting relations with
the POstofice Department. fact that
| carries great weight with the eXecu'
| tive referred to, as 1t doubtless will
with others similarly situated when
| they are appealed to for campaign con
tributions.
This paper is not political organ
in any sense of the word. but, as its
readers know. stands for what is hon
est and upright in the management oil
our Governmental affairs. as we'll q.
in the conduct of commercial anC
financial transactions. It seems pro
per, therefore. and entirely within the
province of an independent, non-parti
san newspaper to refer to such fact:
as they come to its knowledge from
time to time. as have been recitei
above. leaving those who read them t.
| draw their own conclusions"
Barbour County index. [volume] (Medicine Lodge, Kan.) 1880-current, 1904-11-02
TEDDY Is HIMSELF AGAIN.

Booted. spurred and sombreroed,
with teeth cleaning defiance and bat
tie. after an unwonted period Of silence
and quietude, Theodore Roosevelt has
promulgated u letter of acceptance Of
the nomination for President, which is
burning challenge 10 Democrats and
other citizens who have questioned
the wisdom of his administration. lilo
proclaims himself infallible when even
many Of those of his own party llavo
openly admitted he made mistakes.
The large, respectable element of In
dependent voters who have criticised
his acts are told to go TO the devil, for
all he cares. AS for tile Democrats
themselves, they have provocation
enough to rally to the battle Of beat
ing this unsparing critic of famous
predecessors in office. They will not
forget his defamation Of Jefferson.
jackson and Polk, nor will they forget
when he was nominated for yice-Presi-
dent his violent abuse Of all Democrats.
Barbour County index. [volume] (Medicine Lodge, Kan.) 1880-current, 1904-11-02
BRYAN PROPHESlES FULFILLED.
Tariff and Trusts Wrecked Small
Industries OF Indiana Town.

Industries OF Indiana Town.
A special dispatch to the New York
World from Indianapolis says: -
Fifty-two speeches will be delivered
by Mr.. Bryan in Indiana in eight days,
from October u to October 20. Alto
gether the Democratic State Commit
tee will get about siXty-five speeches
out of Bryan in Indiana in ten days,
if his voice and strength hold out.
Bryan will be hurried over Indiana
on a special train, which will be made
up at Terre Haute the morning of Oc-
tober -.
Upton and Alexandria will be
among the places visited. Mr.. Bryan
passed Elwood on the Journey from one
place to the other when he made a
prophetic speech last campaign-that
tariff and trusts would wreck its fac
tories. He then said:
Ere another campaign your factor
les will be idle, your tall chimneys
send forth no smoke, and although Re.
publican legislation might be claiming
all accomplishment of improved manu-.
featuring conditions, you will know
and know to your own sorrow, the fal
| lacy of such claims"
Since his visit the radiator works
! have closed. the American Window
Glass is wreck, the Pittsburg Plate
Glass Company is closed, the Roderfei
Brick Company is in the hands of g
| receiver, the Elwood Furniture Com
pany has been sold at receivers sale
the lawn mower company is moving
away and other factory wrecks
| abound.
Barbour County index. [volume] (Medicine Lodge, Kan.) 1880-current, 1904-11-02
COST OF TRANSPORTATION.
MOnopolies and Trusts Receive Re-
bates While Other Shippers suffer.

AS strong argument against the
trusts, which are fostered under the
Ubiquitous Dingley Tariff bill, paper
read by Mr.. A. B. Hepburn, President
of the Chase National Bank of New
York, before the American Bankers
A ISOLATION, at the Waldorf, in New
York recently, may we'll be considered.
Mr.. Hepburn has some positive ideas,
and among them was this:
Recurring to the initial thought Of
this paper-the desirability of stable
business conditions and uniform cost
of transporta ton, and reasonable uni
form rates for money, we, as bankers,
entirely apart from legislative or CO.
ercive measures, can exercise great in
huence in bringing about such condi-
TONS"
Uniform cost of transportation means
that one shipper must have the same
rate as another. Twenty years ago
the men who control the Standard Oil
Company and nearly everything else
in the country, saw the advantage of
rebate. They gave>the other fellow
an even chance in production. but they
cut his throat in getting a cheaper
freight rate than he could, and the
competitor went out of business.
There is coal trust that controls
every pound of coal consumed in New
York and New England. Mr.. Baer is
at the head of this. Several years ago
the coal market of New York was
open. The coal trust was formed. The
members got an advantage in freight
rates from the railroads. 1t was. small,
but it was enough. It put the competi-
tors out of business. This rebate killed
competition. made a coal monopoly
and coal bills appreciated about fifty
per cent
This is but an example which could
! be stretched out ad infinitum. Every
criminal trust that lives gets its life
from a special privilege, and the ma
jority of those special privileges are
given by virtueaof the Dingley Tariff
Act.