Alexandria gazette. [volume] (Alexandria, D.C.) 1834-1974, 1910-05-04

are 20 De passed ne must feWaln NJ uuho
and fight for them. They will insist that
complete failure to carry out any of the
party pledges cannot be excused by the
claim that the insurgents prevented &C.
tion. They will try to impress him
with the fact tba! the people will hold 1t
upon the president and the republican
msj rity, not the insurgents, responsible
for the resut,. The regulars have often
expressed dsapproval oil the Taft unts
that have kept him away from the capital
during large part OF the session.
While legislation was In Its early
stages, however, his absence had no
serious effect, hut the fact that be vas
not at band when the crisis came In the
consideration of 1.-THE railroad bill de.
cided the regulars to call for show
down. They felt that If he had been
here to exert pressure on bear.insurgents
the railroad bill might have been saved
in presentable form. Veterans 10 Don.
gress regard the passage OF bills with
high sounding titles and no substance as
worse than DO legislation at all. The regu-
lars are discouraged by their repeated
defeats snd unless the president
will become fighting ally then will be
willing to sbu: up shop and join with
him In an effort to "blame 1t on the In.
surgent'." "Whst the important occa-
sion of the prs sident's trip just at this
time ?" asked one regular today. There
was no de6uts reply. Someone mention.
ed the May Musical Festival at Olncin-
ua.i. Someone else proposed the
Farmers congrs, btSt Luis. Then
some one murmnred the name OF Hans
Wagner.
The census Office today unoficislly
estimated the Increased of population
10 the United States since 1900 at 15,.
12l, 036 Tue estimated total popula-
;iou of the Uoited States Is 81, 424. 423.
! The Unofficial estimates shown the pcpu-
lstion of Greater New York to be 4, $685.
COB An increase since 1900 of /, 1885,
4Ol, The pcpulstion OF Chicago 10
| estimated at 1882 926; New Orleans,
1872, 1872; g.. Louis, 69S716; Baltimore,
5SS, 374; Washington, $50, l45.
Suggestions of the physical valuation
| of railroads SO an amendment to the
| Taft. ElkiDs bill in the Senate today
brought mp visions of about 80 days OF
debate. 1t has been inserted In the
House railroad bill and it Ia being await.
| ed With fierce emotions by friend aod foe
| in the Senate. Only the t'riff offers
larger range for views pro and con,
PHYSICAL valuation OF railroad means
| an appraIsement of its actual real prop
! erty, lands, tracks, buildings, shops and
rolling stock. [. does not consider good
will, franchise value or the vslue Of
stocks and bonds issued By the company,
Sach report would be OF great service
| to the Interstate Commerce Commission
in determining upon rates just to the
people and yielding q fair profit to the
railroad companies on the actual Invest
mer t. "a ply sicisl vaiust wtu'd not be
| theonly bal the controlling factor 10 6xiug
rstss," said Mr.. Madden, suthor OF the
ameutmer adopted by the House. The
Madden amendment directs the Inter.
stste commerce commission to make the
valuation and to consider therein the
original coat OF construction, amount ex-
penied In permanent improvements,
betlerumepts and e1tensions," the
amount of earnings invested In ''perma-
ment improvements, bet ermenls and
extensions" aud The extent TO which such
earnings are represented BY stocks and
bonds in tho treasury OF the railroad.
It shall ascertain the original cost and
value of the right of way and terminal
grounds aud their present value, and the
present value exclusive of improvement,
For Ave years the interstats commerce
commission In Its annual reports has re.
commended that Congress authorlz, 1t to
| make a valuation of railroad property
Railroads have fought the proposition to
the full extent of their iuAusuce where.
ever 1t has appeared. Their great plant
| is lhat it would have the effect of reduc.
| ing rates below fair STANDARD aud that
their stockholders would suffer Injustice.
A more potent resson for their dread,
however, the opponents declare, Is fear
that the tax-gs therers will learn the real
value OF their property. Advocates Of
valuation Cor tend that 1t Is msnlfestl3
impossible for the government to FIX q
lust rate unless the valuation of the In
vestmeut upon which that rate is to earn
fair dividend in known. "The time
bias come" said Representative Madden,
"ahen the American people ought to
know whether the securities Issued
against the railroad properties are in ex-
cess of the value of the property against
which they are issusd. 1t Is simple jus.
tice, nothing more"
After waiting 81 years, several
thousand negroes today were placed in
a favorable way towards recovering from
the u. S. Government money deposited
during the reconstruction period In the
Freedman Savings s. Trust Company.
A bill was favorablY reported from the
House Committee on Banking and Cur
rency today, appropriating $l,1er,754.5o
to reimburse negro depositors in the
above institutions who had placed their
money there believing it to be protect
ed by the United States government.
The Stata Department is without informa.
ton tending to confirm the report that Japan
is preparing to annex Corea. In view of
present condition of affairs there is some
doubt that announcement, to this effect will
be made at this time. Neither has the de-
partment received any information concern.
Ing the negotiation of a treaty between japan
and Russia delimiting their respecting
spheres of influence in Mancharia and Mon.
golia
Hunter. Of Trinity Church, Glasgow, pro.
nounced the invocation which opened todsy's
uession of the House. DR.. Hunter is in Amer.