The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1906-07-16

captain Hof Industry might be doing g
lllitiIe@ bulldozlng ITO induces tie big steel
|BTrust to take over his Tcitnessce Coal
land iron Company, IL loud cutlery Went
lSiipF that hol was engaged ina nefatious
scheme, ard should be run out OF the
II country. All fof which goes to show
THE different Views OF the Two men IN
|JWAtl street..
ono can do no harm and the other can
DO Hot good. The Standard OIL eletnent
OF tho Steel Trust Is opposed 70 paying
fancy figures for the Hill propertles ~
fancy In accepting s1s5 ,Oco. ooo OF tho cor
poration money for Lake superior iron
Mines, said to have cost Mrs ltocKe-
Teller originally about 10000.
3as gsN 60 A
The government viii hardly be ready
to enter upon tho experiment OF free al
cohol Iii tho arts and mar'ufn ctures ~
the time tho Law goes into erect nee January
81, next MI. Yerkese ntnisslon OF IN
ternal Revenue. has takerl = \. t y 2. ~ at Ma
rope to learn how Germany and $othe e
European countries handle the PROVOST
gtIon. He isanot$ expected back tintilHlate
III S%epteInber, and after his . return tlrn
several months viii necessarily be con-
H,ltned III preparing regulations Tor inc
protection OF the revenues OF the govern YET
Snlert, before tho Manufacture and s sa
of free alcohol can be permitted " n "
|ioua doubts are entertained as to aWhetaer
fhcS1nw can he enforced SO az TO sate.
Guard tho Federal revenues and prevent
.vIdelv diffusedB frauds, both against the
government and the ystofnacl1s ofgthe peo-
MA Alcohol. for fuel purposes. can .pe
!r,aAo ~ some parts Of the country iior
AZ md eight cents q nllon.s8$Ih us IT,
parity Between that figure and the prlce
81 tax paid spirits distilled from gram y
so very great that the emptatao - -
Hibcnt the tax, must inevltapl Sl V9Au ~ ~
the commission OF frauds. .f 8s aI
Methods will be devised A for n the sfro-
c1nn1ntlonfo 81 denaturcd5 alcohol by$i,tRasP
ing out tho poison, and tho fear8 ~ ..na.
rrcat A quantities OF cheap and tainted
]snitlta d md thelr4way into tho drink
,narkeE Through the medium Of the low
:. rrogss,arie husS directly attacking the &.
u hen;H N Of assconrAderabfeS part Of the popu--
Siation, washington authorities estimate htrhlt
that about one-thlrd sof the spirits pro r
#ducedSi IN this country finds It's way l hnt
consumption without payment Of reve e
taxes. Tho .tax-paid spirits average a Isu
les. 0OO. 900 8t gallons in the United states.
quantity only represents two
thirds f tho production. 1t would appear
that We make about 1E. COO, 900 gallons Q
year Persons having long experience
In the wp,hisleey trade lear to- the opinion
that the. new law nlay%prove to be de-
fectiye..ll ana that II will very soon be
followedsbyiSc,6brrffeetcttllvvge legislation. possibly
for q very marked reduction In the tax
Bon spirits, which IS now -$l.10Sa gallon.
Distillers would like TO see q tax Of s6Q
cents d gallon,4n figure which In their
belief would produce "a MA revee--
n,uo1 to the government, and be 80 low
as to conduce to entire probity in produce
ton and and distribution.
The {puret food law Will be 9 great help
In keeping the reotifying houses honest.
But for that law rectlfiers would bs,
practically without restraint In the cons
pounding OF liquors. The whiskey trust
represents about one-thlrd OF the prod0c-
tIon and has a large adle capacity which
IT. expects to utilize to great profit
eventually ssSS
The stock market reception of8the. gov
ernmec}nltt crop report was one OF stolld In
$difference although the showing IT, for
the greatest cerealsyield on record the
pressure OF stock continued 4as though
nothing OF q favorable character had DO
veloped. The exhibit OF apathy was pro-
foundly impressive and people set about
1nnuiring why It was the market4fnied 70
make propergresponse to the splendid out
look. The action OF the market under the
circumstance were certainly mystifying
and the, street Is stu in doubt az e Iits
meaning. Potential Influences seem Gf ~
the momentSt to be at work against. prices,
,Ir MFsNS9 Il;2grass,