Omaha daily bee. (Omaha [Neb.]) 187?-1922, 1910-12-18
TO GET RICH BY ECONOMY
Government and Wall Street Leading
q Sane Movement.
BIG RETRENCHMENTs PLANNED
Railroads Credited with n Policy Of
standinE sim Go Get Even with
Government for Its RE-
cent Actions.
RY PRESTON q ADAMS

81 PRESTON Z. ADAMS,
NEW YORK. Dec. l7-(SpeciG 70 The
Bee LED by the United states govern
ment. II Is the belief In Wall street that
the country Is about 20 enter on an era
OF enrichment and economy.
According to the wise men Of the street
the railroads and great Industrial cor
Campaign Campaign Of economy yS my Methods are :" to he
improved, purchases Of supplies are 60 be
restricted and the working forces are to
It was stated that the United states
Steel corporation was TO lay of 2OOO 10
5000 men, but this was promptly denied
| cally declared he saw no reason whatever
to anticipate any further reduction in the
! working forces OF the steel trust.
Can Railroad stand StiHt
It is declared the railroads have not
only been unable Of late 10 raise capital
| for extensions, but they claim that the
immediate future holds no inducsment to
as trade is slackenlng and the federal au-
| thortles are showing no disposition TO re-
| establish confidence and stimulate pros
perity. December and January, II Is de-
clared will bring announcement after an
nouncement that men have been thrown
| out OF employment, first by the railroads
and later by the multlfarlous concerns de
pendent for business mainly upon tans-
portation companies.
Accepting the authoritative statement
that retrenchment Is to be the slogan OF
| the railroads during ensuing months, no
elaborate research Is necessary to discover
| the reasons therefor; Il is sufficient to
| glance at the statements Of earnings for
! October now being published. Briefly the
| remarkable expansion In gross revenue
which has been enjoyed since the recovery
from the 1909 Decentralization has apparently
| reached its apex, while the expense OF con-
! ordinatey so that the net results are ex-
| tremely unsatisfactory lucid table will
best convey a clear idea OF the position
| the railroads have drifted-or been forced
into,
May Later Take Back Track.
Without insinuatng that railroad man
ayers are resorting TO dubious steps 70 ex-
aggerate the plight In which they now
find themselves, It may be we'll to reflect
| especially in considering the stock mar
ket outlook-that, inasmuch as the Inter
state Commerce commission Is still DELHI
rating upon the advisability of granting
advances in freight charges, the railroads
may not strive TO carry out their policy OF
| apply the pruning knife ruthlessly. Bank
| Ing interests Identified with the principal
transportation systems are emphasizing the
urgent necessity for protecting bond
holders and stockholders as safeguard
against 9 destruction Of credit IN other
will be avoided wherever possible and
economies effected rather by stopping all
new building and improvements.
Philippine sugar Production.
During recent years the production OF
$4,000 tons 20 10000 tons Approximately
5000 tons OF this is consumed In the
| islands, China takes about two-thirds OF
number OF refneries located near ear Hong
| kong and the other half to China proper,
where II Is used in the raw state, The
| United States generally takes anywhere
! from one-siXteenth to one-thrd.
| When the sugar industry was at It's
height there were nearly 100000 acres under
about 10000 acres are worked, Beet sugar
10 turned out by the mills in a refined
form, put most OF the cane sugar produced
Is or the heavy molasses variety.
Statistics on Stockholders.
The number OF stockholders In American
corporations has increa d during the last
twelve months This statement Is based
now being compiled for publication. IL
was shown last December that ITO corpora
tons had 62ssS4 stockholders. Fifty-four
had on their lists 1885, $50 stockholders, while
| fifty-siX Industrial enterprises, having q
capital Of p,14So 100000, reported. SSs,ss4. This
years returns have not yet been totaled
and analysed, but It can be said that there
has been an increase IN both classes Of
monize with the popular Wall street view
that during 1910 stocks have tended to find
at least a temporary odsement in what is
the purchasing Of small blocks Of STOCK
by Investors scattered throughout the
country has been on a larger scale than
York Stock exchange has suggested2
Issues New Securities.
New securities issued by railroad, indus
trial and other interpretations in the United
States tOtalled Sill $4,000 during Novem-
Der, an increase of S87, 900 over Novem-
Der, 1909. OF the total the railroads con-
tributed tSS 1000, an Increase OF ST. SS2, OOO,
while the output by other enterprises
reached 600, an expansion Of no less
than $50, S35 900.
England's Cotton Trade.
England has no divine right to the cot
ton trade; the impression has been so gen
eraI that English spinners believer II had
that 4. w. NIAGARA felt called upon to
make this announcement at the meeting
of the International Cotton committee a.
London the other day Most OF the talk
at this meeting was OF extending the cot
ton producing area OF the world, ana the
English members we're very confident in
States cannot hold it's prestige as the great
cotton producer forever.
In explaining the fact that England no
longer dominates the world In the cotton
goods market, Mr., NIAGARA said that just
now a great deal was heard about the rel
alive position Of England in the cotton
trade today and thirty five years ago. lie
would like TO point out, he said, that
thirty-five years ago the cotton crop OF
the world was only about 100000 bales,
II was impossible Mr. NIAGARA thought,
for nation OF 100000 people 10 cope
! with that tremendous Increase OF raw ma
tsriRi and the demand for cotton goods
the world, and then he said that England
had no divine right TO the cotton trade
any more than America had any divine
right TO be the sole grower OF cotton
Cotton Market.
LIVERPOOL, Dec. 17.--COTTON-Spot
good business done; prices points higher
] q, afgatu 1arata A M fuIw