The Montgomery advertiser., 1907-01-06
Special correspondence.)

dulging in the novelty of bipartisan government in every sense of the word
 Since New Years Day the Governor and the Legislature have been Republi- can, while every other elective State official is Democrat. It Is a situation which puts each party on It's mettle and gives promise for many and many bitter tilt during the next two years.
 The Republicans naturally realize that only the most circumspect and ef- ficient governmental policies can pro- tect them from further encroachments from the Democrats at the next State election. The Democrats, on the other hand, are keenly alive to the fact that as active and energetic espousers of popular measures they will have an ex- cellent chance in 1908 to secure addi- tiona1 power.
 Governor Hughes himself is a broad and independent man. another fact that does not give great satisfaction to some of the Republican machine poll ticians Lieutenant Governor Chanler, his understudy, is Democrat, and so are the new men in the offices of Secre- tary of State, State Controller. Attor- ney General. State Treasurer. and State Engineer. The incoming of these Dem ocrats. after absolute control of the State Government for twelve years had been in Republican hands. turned loose an army of Republican officehold- CTS in Albany.
 To add to the gaiety of political af- fairs. Benjamin B odell. late Governor and Chairman of the Republican State Committee until he was deposed last fall has taken up his residence in New York and has begun campaign to re- gain control of the party organization of New York County. Governor Odell is a fighter and one of the best politi- cal organizers the State ever has seen. Therefore his action at this time has created great interest.
 Congressman Herbert Parsons, who defeated the odell forces at the prima- ries last September and won the chair manship of the County Confmittee, Is the personal representative of President Roosevelt and made his fight with the open backing of the White House and also with the open backing of Gov ernor Higgins at Albany.
 As Parsons is resourcefu1 man. and still has the support of Washington. there Is a chance for battle royal between Parsons and Odeil for the county organization which will carry with 1t the balance of power in the next State Convention and an important po- sition in the National Convention of 1908.
 This is @ busy season in Wall Street as the banks. trust companies. and corr porations are hard at work distribut- ing the regular January l interest and dividends on bonds and stocks. 1t is conservatively estimated that during the last four days $180,000.o00 of this money has been so distributed.
 nh S..y xYo rryfth aay,an minor companies missing, show interest disbursements of 55s. companies, and the Government bond interest which also must be handled. amounting to s1O5626317. This list includes 312 railroads. 202 public service corpora tions, and forty-fve industrial and mis- cellaneous companies. The dividend disbursements recorded on 256 com panies show total of $71,345.s7S. This is on se industrial and miscellaneous companies, forty-seven public service corporations, forty-three railroads and seventy banks and trust companies.
 The largest amount disbursed in divi- dends this month by any one corpora tion was by the American Telephone and Telegraph Company. which dis tributed ss,173,236. The next largest amount was $2.s67.s90. paid by the Lake Shore and Michigan Southern Railroad. The largest interest payment by any one corporation was sS,3O5,244, paid out by the Great Northern, while the Canadian Pacific paid out nearly as much, the amount being S3.So0,s7e. The United States Steel Corporation paid out sl.630.375, and the Consolidated Gas Company of New York paid out S1,449.775.
 New Yorlx's greatest art gallery is to remain undisturbed The Supreme Court has decided that the advertising signs in the subway must remain.
 Threats to tear down pleasing de- scriptions of the merits of sawmlll breakfast food or the Gentlemen's Home Journal are without avail. Ever since the subway was built and leased to the company controlled by August Belmont the city has made one attempt after another to compel the lessee to remove the variegated posters and other display signs from the handsome ly tiled stations.
 Action after action has been brought, but all have failed in the courts, which now have held finally that the city. having leased the road without restric- tions or reservation, cannot prevent the operating company from sub-letting the advertising privileges.
  stations and cars of the subway sys- tenn Is said to be worth $50,00e per year, for the mere leasing of the privl- leRe to an advertising concern.
 According to orders that have been pIaced with the Carnegie Steel Com pany by the National City Bank, the latter, when 1t moves into the present Customs House for it's banking home. will have one of the largest vaults In the world.
 This vault will be built so as to guar antee to withstand artillery attacks. This gigantic vault. which, 1t is under stood, was the idea of Frank A. Van derlip, formerly Assistant Secretary Of tNe Treasury and now Vice-President of the bank, will be installed in less than a year, as the bank plans to move into It's new quarters about January l, 1908.
 According to specifications, 1t is to be the most modern affair of the kind ever built. It is to be armor proof, so that 1t would not be destroyed In the event of a bombardment of the city either by sea or by land. The building itself may be shattered by the most powerful shells yet known, and yet the vault would not be destroyed.
 Some 300 tons of armor proof steel will be used in the construction, and the vault will be built two stories high. There will be room enough to store the $226, 1000, 900 worth of securi- ties usually in the banks custody and the vault will be used exclusively for the business of the institution. The