davidaulloa/AmericanStories huggingface dataset:
The Brownsville daily herald. [volume] (Brownsville, Tex.) 1897-1910, 1907-02-15
A Waterway Project.
J. T. WilIett Seeks Aid Of San Antonio
Business Men in Concentrating
Hsrbor Proposition.

7. 7, Willett called on Secretary
Right of the Business Mems Club
yesterday afternoon and outlined a
proposition which he will submit
TO the board of directors at their
next meeting, looking toward the
construction of a harbor at Padre
Island. Mr.. Willett desires the
moral support of the club in his
effort to secure funds from the
United States Government to con-
summate his plans.
His idea is to build a line of
railroad across Laguna Madre from
Port Willett on Padre Island to
connect with the St. Louis, Browns
vile and Mexico at the nearest
point. Also he desires to construct
a tap to connect with the San An
tonic & Arapsas Pass at Falfurrias.
He claims that forty-foot depth of
water can be had at Port Willett and
that with such railroad construc-
ton these two lines can become
great feeders of freight for export,
cotton, to Mexico and
the Central and South American
He is the personal owner of 70I
per cent of the capital stock of a
company capitalized at $4,000, 900
that is authorized by the United
States Government to build har-
Dor in the Gulf of Mexico at the
depth at Port Willett.
He must complete the harbor by
February, 1908, and can do so by |
beginning construction May 1,
1907, providing he can secure
'nnds to the extent of several hun
lred thousand dollars to be applied !
20 the construction and equipment
IF wharf and terminal railroad
md to perfect the title to about
$1,000 acres of terminal land ad-
dining the harbor.
1t is hardly probable that the di-
ectors will yield their support to
his project inasmuch as they are
pledged to the Arkansas Pass pro-
position. While they believe the
dea a good one for the develop
nent of the Brownsville country,
is said, directors of the San An
onio Club are already allied first
o the deep water proposition at
Aransas Pass.-San Antonio Elk
)reSS
The Brownsville daily herald. [volume] (Brownsville, Tex.) 1897-1910, 1907-02-15
Physical Condition of the Poor.

1t is an old saying that every
inch a man adds to his chest
measure adds to the measure of his
days. America can show twice as
many physicians to population as
Great Britain, and four times as
many as Germany We have
seventy times as many physicians
in proportion to the general popula
ton as physical directors. We
permit this disparity on the theory,
perhaps, that an ounce of proven
ton is worth a pound of cure.
Prevention needs more numerical
representation. I am, then, plead
ing that the following steps may be
taken in public-chool instruction:
l. An effective system of ply
steal education to be a recognized
part of our public school system.
By effective I mean one that does
for boy, so far as his physique is
susceptible, what the United States
Army setting-Ip exercises do for
recruit. The precise system to be
established by a committee of
experts.
2. Athletic exercises in schools.
using gymnasiums, baths, etc.
5. Open-air exercises and sports
under official supervision.
4. Summer camps. free of cost
and compulsory in attendance, for
boys of school age.
5. A noon meal for poor children
in elementary and high schools. =
Stickney Grant in North American
Review.
CONTRACTORS WANTED = To
contract for the making of 1,0OO,-
900 brick at Bessie Stat!1n. Leave
proposals at our Office at Bessie,
Texas. Rio Grande Construction
company. S. A. Robertson, man
ager.
McDavitt Bros. have just receiv-
ed fresh supply of garden seed
of all kinds, also new sorghum
seed and seed potatoes. Potatoes
and onions for market always on
hand.
The Brownsville daily herald. [volume] (Brownsville, Tex.) 1897-1910, 1907-02-15
FRIDAY FEBRUARY IS 1907

THAT Buena Vista sugar cane
grows sweeter as the season ad-
vances, serving to substantiate
THE HERALD's claim that the low
er Rio Grande valley is destined
to be the sugar bowl of the United
States.
The Brownsville daily herald. [volume] (Brownsville, Tex.) 1897-1910, 1907-02-15
Terms of Subscription:

DAnY:-Published every evening ex-
cept Sunday, daily by mail postpaid to
any point in the United States, Mexico
or Canada, or delivered by carrier to any
part of Brownsville, Texas, or Matamoros,
Iexico:
One copy one year .P.O w
One copy six months. .....--.. 800
,a ME nost 4 to anv point in the United
States, Mexico or Canada.
One copy one year. ..-........A 2O
One Lopy six months. ....-.... Is
One copy three months. so
Subscriptions invariably due and pay
able in advance.
Advertising rates on application.
Makes all checks payable to
Jesse o. WHEELER,
The Brownsville daily herald. [volume] (Brownsville, Tex.) 1897-1910, 1907-02-15

The Staff of Life, Good Clean
Bread" pies and all kinds fancy
cakes to your order to be had only
at Clay's Bakery. Phone 81.
The Brownsville daily herald. [volume] (Brownsville, Tex.) 1897-1910, 1907-02-15

Copies of the BROWNSVILLE
WEEKLY HERALD may be bought
at THE HERALD office at cents
each.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1907-05-31
% nrofit alike of the stakeholder and the

to profit alike of the stakeholder and the
general public -,
Let the man of great wealth remember
that while using and enjoying it, he must
nevertheless feel that he is in a sense
trustee and that consistent misuse,
whether in acquiring or spending MS
wealth, is ominous of evil 10 hlmsel1' TO
otbers who have wealth, and to the ma
tion as a whole AS for the rest of us.
LET ms guard ourselves against envy as we
ask others guard themselves against ar
rogance, and remember Lincoln WORDS
~ Kindly wisdom: Let not him who Is
houseless pull down the house or an
other. but let him work diligently and
build one for himself. thus by example
assuring that his own shall be safe from
violence when built
Description of Statue.
Tho J.awton monument is the result of
the work of the Lawton Monument COM
mission formed in 1900 soon after the
death of General Lawton in the Philip
mines. The Commercial club and the
board of trade co-operated IN the Iorna-
tion of the commission. which raised So
0O0 ny popular subscription. Daniel Ches-
ter French of New York had charge OF
the creation of the statue The work was
done partly by an American student, An
drew O'ConnOr-
THE rnonument stands in the courthouse
grounds, facing southwest The bronze
figure is nine feet high, surmOunting a
stone pedestal, six feet in heighth- The
figure is erect, clothing in khaki uniform.
and stands beside cactus BUSH Mod
elIed in New York. the statue was taken
to Paris and cast in bronze by the Gre
Perdue Oost wax method, which has Civ
en- the bronze q beautiful tone and sur
face The figure was exhibited in the
salon in 1906 and received the jury S
award of a second medal. granted only
once before to an American sculptor.
Sketch of lawton
Major General Henry Ware Lawton,
who was killed at San Mateo, near Ma
Mia. December 10. 1893. was born at Man
haitian. o., March II. 1913. and while a
boy came to Fort Wayne, Ind. He en-
listed in the Thirtieth Indiana regiment in
1861 and was mustered out in 1865 as cap
tain. He joined the regular army as q
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1907-05-31

second lieutenant, and in 1879 was COM
missioned q captain. He served with dis
tinction in 1876 against the Sioux Indians;
in 1879 against the Utes. 5cG n 1856 against
Geronimo. whom he captured in Mexico.
In the Spanish-American war he gained
the rank of lieutenant colonel and was
made a major general of volunteers He
commanded a division before Santiago.
was transferred to a command in the
PHILIPPINES, captured Santa Cruz, a Fill
pino stronghold, April 10, 1899, gained an
other victory at San Isidro, and was
placed in command at Manila. In the au-
tumn of 1899 he led a campaign against
Agunaldo which resulted in his death
upon the firing line by Filipino bullet
His widow and three daughters live in
Kentucky.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1907-05-31
People Depend Upon Railroads.

The experience of the past winter proves
how great is our dependence on the
railroads and how serious the response
bility of those who undertake to care tof
the public in the matter of transportation
believe that there is sufficient ingenuity
and executive genius in the operating OIL
Gals of the road greatly to diminish the
troubles complained of. The most etIec-
tive way to lessen demands for unreaS-
enable legislation is for the railroads act
ing individually and collectively to rem
edv as many as possible of the abuses and
shortcomings for which there really are
remedies and for which remedial laws
are demanded by the shipping public.
The admirable national legislation OF re-
cent years, in taking away from the rail-
roads the power of giving illegal favor,
has taken away from them one or the
Legitimate methods by which they used
to protect themselves from improper at
tack; and il is therefore necessary that
upright public servants should be as Wig
liant to protect them against harm as
10 prevent them from doing harm. In
doubtedly many high officers among the
railroad men have followed the extremely
unwise course of endsavoring to defeat
the enactment of proper laws for their
own control, and of endeavoring tC
thwart, Obstruct and bring into discredit
the administration of the laws. But the
folly of some of their number in no way
alters our duty, nor the wisdom of per
| forming this duty in a spirit of absolute
Justice alike to the railroad, the shipper
and the general public.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1907-05-31
Must Not Be Unreasonable.

There must be no such rigid laws as will
prevent the development of the country
and such development can only be had if
investors are offered an ample reward
for the risk they take. We would be the
first TO oppose airy unreasonable reStric-
tons being placed upon the issuance of
stocks and bonds. for such would simply
hamper the growth of the United States !;
for railroad must ultimately stand on
its credit But this does not prevent our
demanding that there be lodged in the
government power to exercise a Jealous
care against the initiation of securities.
and ali the evils that come in its train.
The man who builds a great railway and
those who invest in 1t render great
public service; for adequate transporta-
ton facilities are a vital necessity TO the
country. We favor full and ample return
TO such men; but we do not favor a poll
lev of exploiting the many for the benefit
of the few We favor the railway man
who operates his railway upon a straight
forward and open business. basis, from
the standpoint of permanent investment,
and who has an interest in its future; we
are against only the man who cares moth
ing for the property after his speculative
deal i'm its securities has been closed. We
favor the railway manager who keeps in
close touch with the people along his line
rather than in close touch with the specu-
lative market; who operates his line with
a view TO the advantage he can leSiti-
mately get out of his railway as per-
manent investment by giving a fair re-
turn to the stockholders and 20 the pub
Tic good service with fedSondDle rates,
who does not operate his road with a view
to the temporary speculative advantage
which Will follow capitalzing an uncer-
tain future and unloading the securities
on the public. We wish to make it to the
interest of the investor TO put his money
into the honest development of the rail-
roads, and therefore we wish to discrim-
mate against the man who, while enrich
ing himself. lays upon the future owners
and patrons of the road and above all
upon the honest men whose duty il may
become to opara-e the road. q burden
of additioual debt without adding CORE
spondinely to its actual worth. Much is
| said about the inability Of railway presi-
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1907-05-31
Railroads Worth the Securities.

There has been much wild talk as TO the
extent of the overcapitalzauon OF o ena
commercial value of the railroads OF the
country. together with the reports MADE
to the Interstate commerce commission by
the railroads on their cost of construction.
tend to show that as a whole the railroad
DrODertv of the country is worth as rnuch
as the securities representing IL, and that
in the consensus of opinion of investors
the total value of stock and bonds IS
greater than their total face value, not
Withstanding the water that has been
injected in particular places The huge
value of terminals, the immense expendi-
lures in recent years in double tracking,
improving grades. roadbeds and struc-
lures have brought the total investments
to a point where the opinion that the real
value is greater than the face value IS
probably true. No general statement such
as this can be accepted as having more
than a general value; there are many ex-
ceptiOnS; but the evidence seems ample
that the great mass of our railroad Sc
cuTitieS rest upon safe and solid f0undd-
tons; If they fail in any degree to COM
mand complete public confidence it is be
cause isolated instances of uncOnscionable
stock-watering and kindred offenses
arouse suspicion, which naturally extends
to all other corporate securities so long
as similar practices are possible and the
tendency to resort to them is unrestrained
by law. While there have been many in
stances of gross and fragrant stock in
fldtiOn. ana Wnlle, or course, tnere re-
main cases of overca pitali ia ton, yet when
the statistics of the weaker roads, the
overcapitalized roads. combined with
those of the stronger roads, and consd-
cred in the aggregate. in my Judgment
they will not be found to impair the
wholesome financial standing and posi-
ton of the railroads as a whole: and
while those railway owners and managers
who have enriched themselves by loading
their properties with securities represent
ing little or no real value deserve our
strongest condemnation. on the other
hand our hearty commentator is due
those owners and managerS-repreSenti
l believe the large majority-who have
year after year worked faithfully. pa
tiently and honestly in building up our
great system of railways which have
knitted together in close commercial and
social intercourse widely removed sections
of the country and stand second only tc
the great business of agriculture itself
in contribution to national growth and de-
TplOnnlpnf
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1907-05-31

Country store Friday night, First
NJ. Z. church.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1907-05-31
Powers of the Commission.

One of the most important features Of
the Hepburn act is its having given the
commission absolute control over the ac-
counts of railways. The commission has
lust issued an order othe effect that on
July ] next all the railways of the coun-
try subject 70 the jurisdiction of the com
mission must standarize their accounting
methods and the commission is now or
ganizing a bureau of special examiners.
whose duty IL will be. among other things.
TO see that the books of the carriers are
kept in conformity with the rules laid
down by the commission Thus the means
are already at hand and the machinery al
ready created which. when perfected. will
put the public in position TO know the
facts so that the small investor can ex-
ercise an intelligent Judgment when in
trusting his money to the promoters of
great railway enterprises. We hope as
one of the chief means for betterment of
conditions to secure complete publicity
in the affairs of railroads as now obtains
with regard TO national banks.
investors Need Not Be Alarmed.
There need be no fear on the part of
investors that this movement for national
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1907-05-31
Cannot Be Retroactive.

The effect of such valuation and super
vision of Securities cannot be retroactive
Existing securities should be tested by the
laws in existence at the time of their is
sue. This nation would no more injure Sc
curities which have become an important
part of the national wealth than it would
consider a proposition to repudiate the
public debt. But the public interest re-
quires guaranty against improper multi
plicatiOn of SECURITIES in the future Rea-
sOnabe regulations for their issuance
should be provided, so as to secure as
far as may be that the proceeds thereof
shall be devoted to legitimate business
purposes. In providing against overcap-
italization We shall harm no human being
who is honest; and we shall benefit MANY,
for overcapitaliZatiOn often means an in
flation that invites business panic; it al
ways conceals the true relation OF the
profit earned to the capital invested. Great
ing a burden of interest payments which
may rebound to the loss alike of the wage
Garner and the general public, which is
concerned in the rates paid by shippers
Il damages the small investor discour-
ages thrift. and puts a premium on gamb-
ling and business trickery.
There is an essential difference between
private and quasi-public property which
justifies setting somewhere limit be-
yOnd which the accommodating value in
quasi-public properties, due to the neces-
sity of a growing community, shall not be
capitalized
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1907-05-31

dents to agree among themselves as 70
what policy should be advocated ana
what plans followed in the effort to work
out the problems which n0g present
themselves. In SO far as the law is con-
cerned. all ask of the mis- Willingness
to comply fully with its spirit. End a read
mess to move along the lines indicated by
those who are charged with administering
it. Our policy is built upon experience,
and our primary purpose is to insure the
future against the mistakes and oenh-
ol1e0cipS of the past.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1907-05-31
Valuation by Experts.


Ample provision should be made by con-
gress to enable the interstate commerce
commission. by the employment of a Suf-
ficient force of experts, to undertake the
physical valuation of each and any road
in the country, whenever and so soon as
in the opinion of the commission such a
valuation of any road would be of value
to the commission in its work. There are
undoubtedly some roads as to which IT
would be an advantage. from the stand
point of the business of the commission,
to have such physical valuation as soon
as possible.
At the outset let it be understood that
physical valuation is no panacea; it is no
sufficient measurement of a rate; but it
will be ultimately needed as an essential
instrument in administrative supervision.
II will be of use to the commission in
connection with the duty of determining
the TeasOnableness of future capitalize
ton, both as one element to enable such a
body to come to a right conclusion in the
matter, and also as an element to be
placed before the investing public, to en-
able this public in its turn to reach a con-
cusion; though of course Capitalization
must be determined in large measure by
future need rather than past investment
How important physical valuation will
prove as one of the factors to assist in
fiving equitable rates I am not able to
Judge; but that it will be of a certain i'm
portance can be safely assumed because
of the opinions of the interstate commerce
cause of the recent action of the North
ern Pacific railroad in advancing such a
physical valuation decisive on it's side
in a rate controversy. Such a valuation
would necessarily help to protect the
railroads against the making of made
quate and unjust rates. and would there
fore be as important from the standpoint
of the protection of the railroads as from
the standpoint of the protection of the
public; and of course it is necessary to the
enduring prosperity and development OF
the country that the railroads shall Weld
reasonable profits u investors. 1t is from
one standpoint quite as important to know
! the original cost of the building of the
road as to know what it would now cost
| to reproduce it; from another standpoint
| the human equation-that IS, the manage
ment of the raOd-is more important by
! far than the physical valuation: and the
! physical valuation of the road in one re-
! gion may have an entirely different rela-
| ton to the real value of the road than in
another region where the conditions are
utterly different. Therefore the physical
valuation can. never be more than one OF
many elements to be considered; but il is
one element and at times may be a very
important element, when taken in con-
nection with the earning power fran
chises, original cost, character of man.
| agement. location and business possibilt-
ties, in reaching an estimate on the prop
| erty and rights of a corporation as a go.
! ing concern.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1907-05-31

necessary Implication power to take all
a s,t necessary in order to keep them at
the highest point of efficiency.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1907-05-31
Question of Lower Rates.

There can be no question as 10 the
desirabiiity of doing away with rebates or
any method of favoring one shipper at
the expense of a competitor, and direct
dealing with the rates is sometimes the
only method by which this favoritism can
be avoided: but where faVOTltism is not
alleged. and when the question is naked
Iy one of getting a lower rate. il must De
remembered that il is often possible that
those demanding it may be Numerically
opposed in interest to those who demand
a better safer. and more rapid transpor-
tation service, and higher wages and
shorter hours for employees. IL the de-
mand for more taxes. for higher wages,
for shorter hours for employees. and for
lower rates becomes so excessive as -
prevent ample and speedy transportation,
and to eat up the legitimate profits: f
popular and legislative movements take
a shape so ill-directed as not only to
threaten honest investments and honess
enterprises. but also 10 prevent any effort
for the betterment of transportation fac
ilities it then becomes out of the uues-
tfcn to secure the necessary investment
of capital in order to bring about an i'm
proved service. Rates should not be un-
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1907-05-31
Dishonesty the Exception.

The grave abuses in Individual cases of
railroad management in the past repre-
sent wrongs. not merely to the general
public, but, above all, wrongs to fair-deal-
ing and honest corporations and men of
wealth. because they excite a popular an
ger and distruSt which from the very ma
ture of the case tends to incIude in the
sweep of its resentment good and bad
alike. From the standpoint of the public
/ can not too earnestly say that as soon
as the natural and proper resentment
aroused by these abuses becomes indis-
criminate and unthinking, it also be-
comes not merely unwise and unfair, but
calculated to defeat the very ENDS which
those. feeling il have in view. There has
been plenty of dishonest work by corpo-
rat!onS in the past. There will not be the
slightest let-up in the effort to hunt down
and punish every dishonest man. But the
bulk of our business is honestly done. In
the natural indignation the people feel
over the dishonesty, it is all-essential that
they should not lose their heads and get
drawn into an indiscriminate raid upon
all corporations, all people Of wealth,
whether they do well or iii. Out of any
can not come. and never has come. On
the contrary the surest way to invite re-
action is to follow the lead of either dem
agogue or visionary in a sweeping assault
upon property values and Upon public con-
fidence which would work incalculabie
damage in the business world, and would
produce such distrust of the agitatorS
that in the Revision the diStruSt would
extend to honest men who, in sincere and
sane fashion, are trying to remedy the
evils