Omaha daily bee. (Omaha [Neb.]) 187?-1922, 1910-11-06

NEW YORK, Nov. Especial TO The
OF our captains OF industry toward the pub
nc mas been commented on In these letters
more than once. Evidences OF this change
are constantly cropping out. For instance.
PRESIDENT Mellen OF the Boston a Maine
hal!road company which with the New
YORK, New Haven a. Hartford, OF which
MI. Mellen also is president, has been
credited with practically running the
policies of New England, announces that
hereafter his roads are out OF politics.
Corporations bent upon treating the public
fairly are painfully learning that they were
leaning ON broken reeds when they de-
pended upon corruptible politicians.
Tired of BlRCkmau.
Under polite names practices have been in
vogue in many parts Of the country which
really amounted to blaCkmail, and Il Is
notorious That give blsckmailer a dollar
ana ne VIII want hundred. Various rail-
roads have spent enormous sums to "ac-
celerate' legislative sentiment, to use tho
beautiful euphemlsm Of a New York trac-
.tion gentleman. But railroads and other
corporations have found that for every bill
they managed to kill dozen came to life.
The whole business became impossible.
ANA now, through necessity perhaps as
much as through virtue, a new and better
policy Is being adopted.
Corporations hereafter mean to place
their affairs CARLY and squarcly in front OF
me public and appeal 70 them for protec-
ton from rapacious politicians. Relieved
Of the free pass nuisance of the canker OF
rebates and now Of yellow dog" con-
tribuuons, the railroads may be able 10 do
Blood money has proven poor investment
Honesty may once again prove not a bad
policy
Orders wait on Decision.
The railroads are not in any hurry to
place large orders for steel and equipment.
Nor are they making special effort to raise
new capital at this juncture They are con-
tent to go along as quietly as possible
pending the Interstate Commerce commits
sions decisions on the applications to ad-
vance freight charges. Moderate, but not
wholesale concessions are expected.
Thereafter. on the better sentiment such
concessions are counted upon to create, ap-
phcauons for new loans will be issued.
and IL investors supply the needed funds,
contracts will be placed In large volumes.
Inc huge crops cannot be transported
without wearing out rails, cars, engines,
etc, and, in order to cope with this traffic
facilities must be kept in order. This will
mean generous amount Of business for
the steel corporation, the equipment com
panies and other organizations dependent
! largely upon the purchases of the railroads.
Demand for Cotton.
/ note in recent dispatches that the New
England cotton mill men, convinced that
| tney Will not be able to get cotton much
cheaper than It is today. have adjusted
| their business TO conditions. and are work.
| ing practically on full time. It is esti-
mated by mill authorities that approx
mately 50 per cent of the total spindles of
the United States are again producing.
| The most encouraging feature Of the sit
| uauon Is the advancing goods market.
| After several months, during which the
Inills were unable to get sufficiently high
prices for their product to guarantee a new
dollar for an old one, goods have advanced
| TO aleVel at least approximately CORES
! pondng TO 1317-Cent cotton.
Mills recently have stocked up rather
heavily with cotton. Some, indeed, have
| taken on as much as eight months supply
winch would carry them over to June next
Exports to England Heavy.
The English mills also are buying cot
ton. The exports to England since Sep
| TEMPER nave been unusually heavy. The
o COZ me however seems to be holding
SIDE Of England, being away below last
seasons figures. Stocks there are light
and the continental spinners will have to
get In the game soon. The early moving
cotton this year has been of exceptionally
good character. 1t has been Just the
sort of cotton England wants. Some Eng.
fish cotton men have written that the
character Of the cotton is so good that
one, because they do not understand how
conditions which could produce such ex-
crop There are many things England
does not understand about cotton, but
that Is another snotheT story There are many
cotton, and It has realized that the cotton
that has been moving so far this year iS
very good stuff: It can be said with truth
that at the beginning Of this season Great
\ Britain had very little cotton. II was in
worse shape in his respect perhaps than
was the continent OF Europe.
LOvett to Succeed Harahan.
In local railroad circles, and especially
among men identified with the Hartman
lines, the Chicago story that r. S. Lovett
trail when j. 4. Harahan retires next jan
uary on account Of age is received with
doubt. AS the choice of the late W. II.
Hartman for his successor II Is declared
that so long as Mrs. Hartman lives there
is no likelihood that any change win oc-
cur in the present state Of Judge Lovetts
official relations. The most logical selec-
ton for the Illinois Central presidency Is
j. l. Park, vice president in charge of
operation who is really the active man
=, today in charge of affairs and invested
with large authority
Effort to Hide Figures.
What appears like concerted effort to
p tistcs Of trade movements Is being car
ried out by some railroad and steamship
those who have had such statistics I'm the
past with the facts any longer. Among
been refused are cotton and boots and
shoes. The refusal has been given not
= only 10 government agencies, but also to
other private agencies which are in the
habit Of gathering statistics, such the
New York Cotton exchange. The latter
corning the movement OF cotton, and trade
journals interested I'm the shipments OF
boots and shoes have met a ike rebuff
Germs. The matter has been brought to
the attention Of chairman Knapp OF the
81 | Interstate Commerce commission. II Is
, understood that the situation Will be looked
s into at once with a view to the preserva-
8
country unlnjured and II is understood that
c little doubt Is entertained OF the feasibility
. OF compelling the roads 10 give the infor-
5 nation desired as soon as they can be rea~
2 soned with.
T Cotton Market.
NEW YORK Nov. 5-COTTON-Futures
D closed firm closing bids: November. lA4sc:
e December l4.G4c; January, l44Sc; February,
, lA53c; March, H6ic; April, H67ci May,
. l474c; June, lA71c; July, H7lc; August,
IA 45c Spot closed quiet - points advance;
middling uplands lLSOc; middling gulf.
. 10 Csc no sales.