Omaha daily bee. (Omaha [Neb.]) 187?-1922, 1907-07-28
HOLES UNDER LONDON
Tubes Solve Transportation Problem
in Metropolis.
CITY BECOMING MORE HABITABLE
No Municipal Assistance offered Pub
lie Enterprise.
UTILITIES NOT APPRECIATED
Corporation Stands Alone of Large
Capitals in This.
MINING OPERATIONS QUESTIONED
Investors Of London CONNER ing to
Investigate Charges or
capitalization ON =

LONDON, .cSN .)-London Is
becoming ,SNN oitable. II is at
length poss 80 v a a northern suburb
and dine oc, y .y with friends on the
south side. \ .ongor is cross-countrN
journey from one extremity of the great
! wen" to the other as big an undertaking as
a trip to Paris London locomotion is nc
ing steadily revoutionized. one Of the
most important OF the new tubes recently
opened up is that Of the Charing Cross,
Eustou and Hemstead railway.
interviewed upon the subject of the uu-
derground roads. Sir Edward Speyer re
mafkcd that the construction of the tubes
had revolutionized London transit. OF ali
the great cities of the world London stood
alone in not encouraging and assisting
either by subsidy or otherwise important
public spirited undertakings such as the
underground The cities of Paris Berlin,
New York and Vienna had recognized That
the utility of railway transportation to the
community was very much greater than the
mere services TO the individual Undue
taxation, he declared, still weighed heavily
on the London railways. He said that 1t
was a matter of regret that the problem
of regulating the traffic problem of London
had not yet been seriously taken I'm hand
He favored a traffic tribunal modelled along
] 'N''''''''a'7'''''
of New York During the last few years
nearly, if not all transportation companies
in London had carried millions of people
at a loss. He was glad that a beginning
had been made to agree upon moderate
increase of fares on basis which would
give a chance of some reasonable return
on the large capital invested.
One Authority Advantageous.
The advantage of placing the transport
of London under one authority was obvious.
Under the law the ultimate cost of the
acquisition of the tubes by the people of
London would he said, amount to a very
large figure. But to help forward the
work of providing London with the most
economical and efficient system of trans
port they would be prepared to consider
any suggestion whereby the municipality
would acquire an interest IN the tubes.
In other words, they would be prepared to
grant to the municipality the right of
purchasing the tubes at dates to be agreed
upon at a reasonable price in consideration
of the municipality providing a portion of
the capital expended for their construction,
or as an alternative lending its credit for
the purpose of raising the capital expended
upon the construction of the tubes at
reasonable rate of interest. The want of
sympathy for private enterprise had had
, an unfavorable effect generally. He agreed
} with Lord Rothschd as to the effect of
"sociaistic tendencies" He hoped that all
, those in authority would realize that it
was imperative that all impression of
capital being threatened should be dis
. PEELED. He believed that the government
would show by, their acts that they appre-
ciated to the full the Importance of credit
and the confidence of the investor.
A new form OF bullet has been discovered
which promises to revolutonize rife shoot
ing. 1t is almost exactly similar to the one
, now used in the army. except that instead
r Of being fat-nosed II tapers to fine point
. This slight difference however, has been
found by army musketry experts to give
? the bullet certain overwhelming advan-
, tages which In actual warfare might, all
other conditions being equal, gain victory
for the side that used it.
Times Comments on Mining.
1t is significant thar the London Times
: prints the following letter dated at Toronto
and signed by Thomas Mulvey, assistant
provincial secEetary:
. Comments have Of late been made re-
garding the business methods Of companies
= incorporated TO exploit the Cobalt and other
mining fegions of Northern Ontario. These
comments have been particularly severe in
; the British press, and il might be inferred
; from them that the government of Ontario
5 does not recognize the matters complained
; of, and has not taken precautions to avoid
q the evils resulting therefrom.
3 THE companies act passed at the recent
session of legislature OF this province
enacts with mere verbal changes which are
4 necessary on account of the changed con-
> ditions the provisions of the English COM
panies act OF 1850 regarding prospectuses
and the Notation of companies offering
shares for public subscription. may
point out that il even goes further than
that statute in providing that every COM
pany selling its shares In Ontario. wherever
It may be incorporated, must file a pros
pectus This part OF the statute was passed
= at the session of 1906 to meet the fotation
r Of Cobalt companies
THE provisions of the act are generally
j., complied With and Cobalt companies are
fling prospectuses With very few excep-
tions the mines of the Cobalt district
and surrounding territory are operated
:, under companies incorporated under the
law Of Ontario, but in some cases all the
shares are held by companies Incorporated
: in neighboring states Some of these COM
u panies have not filed prospectuses and the
J. government is considering measures for
!. the purpose Of compelling them TO do so.
n II is impossible to prevent over-capitaliza-
IS ton but It is the policy of the Ontario
Il companies act that all contracts shall no
disclosed. and that due publicity shall be
5 given TO the character of the undertaking.
J. where shares are offered TO the public II
g this be done very little harm can result
: from over capitalization"
stock Exchange Unhealthy.
In busy times there can be no doubt at
3 all that the air OF the Stock exchange is
not III for any healthy man to breathe. %
d This is the reason given by the Lancet
the leading medical newspaper of London,
for the complaints by members 10 their
N doctors "of malaise, headache. depression
y and a feeling OF being run down
d "Bustle." II adds, lis a necessary fea-
: ture Of this work and feelings are mani
y festly shown In physical methods Of ex,
e pressing emphasis; there is much running
IS about, shuniing Of feet and beating OF
tsontinued on Eighth Isag.N