Omaha daily bee. (Omaha [Neb.]) 187?-1922, 1910-11-20
BUSINESS WAITS ON COURT
Big Cases Pending in the Supreme
Court Create Anxiety.
FEAR TRUSTS WILL BE HARD HIT
Railway Publication Gives Figures to
Prove that TraveIinR ~ Cheaper
in the United states Than
In Europe.

BY BRESTON &. ADAMS.
NEW YORK Nov 1o.-(SpeCial to The
Bee )-Now that the election has passed
into history, the only thing that stands IN
the way OF business getting down to nor
NAL Is the forthcoming decisions Of the
United States supreme court which will
definitely settle the scope OF the sherman
antitrust law and the decision Of the In
terstate Commerce commits Sioh on freight
rates With those Of the way, the men az
the head Of the big business enterprises are
confident there viii be a time OF prosperity
ahead. one OF these men said recently.
1T doesn't make so much difference
which way the court viii decide tho issue.
What we need Is a final Interpretation OF
the sherman anti thrust law, and when that
Is given tho large organization Will know
where they stand
THE uncertainty which pervades tho busl-
ness community today may be asCrihed 10
the anxiety lest the supreme court may de-
clare trusts Illegal such n decision viii
naturally have a tendency Of seriously
upsetting business. OF course should we
be Obliged to dissolve the great industrial
and railroad combinations there will he
some way of remitne them for the pur-
pose OF transacting business. The sooner
the cases are decided the better
While the general outlook is good, and
the fundamental conditions may be said
TO he excellent the financial world viii
not get back to its normal state until this
important question Of trusts Is ruled upon
by the highest court Of the land"
Travelling Chcnp In America.
Il is quite the proper Trims to knock the
some knocking, but it is gratifying TO he
able to say something good about these
great institutions once in awhile.
We are told that travel is so much
cheaper I'm Europe than I'm America. Well,
here comes the official railway guide and
smashes that little fiction all To pieces with
a statement Of actual cost I'm Europe and
America
The statement covers cost Of travelling
first-class for one person over course OF
2l54 miles In Europe including eleven DIFF
ferent Journeys varying in length from
thirty-eight miles to 491 miles, with a trunk
OF the average weight Of 1858 pounds. IL
shows that the total fare paid was $685..
and the transportation by rail OF the
baggage Sl942, maxim a total OF S&.N. I his
is nearly ~ cents mile in all The aN,,
erage speed Of the trains was thirty and
four-tenths miles per hour
ITO compare this expense with tue cost
of travelling in the United states a table has
been made up of eleven different journeys
varying in length from forty miles to AL
miles, over well known routes, the total
distance being 22l miles, For Sms the
total fares, including the cost OF parlor
car seats. figure up to S6015, with a possible
excess charge for baggage Of $2.75, making
a total Of $62 co. or a trifle over 2 $40 cents
per mile. the average speed being thirty
eight and siN-tenths miles per hour"
the distance actually travelled in Europe,
we find the following result:
Travelling first class, 2,l54 miles in Eu-
rope, at thirty and four-tenths miles per
hour, with an average of 16S pounds Of bag
gage, cost 1851, OF 4.46 cents per mile.
Travelling first class 2,l54 miles in Eu-
rope, at thirty and four-tenths miles per
hour, against North America at thirty
eight and siX-tenths miles per hour. with
an average Of 16S pounds Of baggage, in
Guiding reserved seat I'm parlor car would
cost S6l. IS. or about 2S6 cents per mile.
Under the above conditions the cost of
railway travelling in Europe is over 81 per
cent higher than I'm North America
To state the matter differently: A paBsen-
ger with trunk in Europe would travel first
class 900 miles in sixteen hours and TWEEN
ty-seven minutes at a cost of s22. %, while
passenger in North America with the same
baggage would travel in a parlor car 500
miles in twelve hours and fifty-six min
utes at a cost Of $l43O
Some Lines Pay Well.
Dividends paid by 12S American mines and
metallurgical works in the first ten months
of the current year aggregated $d 9O4,SSS.
Since incorporation these companies have
paid in dividends S69O,246,7e4, a return OF ia
per cent on their aggregate issued capital
ization of 500, 1893 7S9. This says the Mig
World, Is a remarkable achievement when
IL is taken into consideration that the metal
period were anything but satisfactory and
the year I'm general has been looked upon
as a period of depression.
In addition, nine holding corporations,
owning the majority OF the stock Issued by
certain mines and works have, In ten
months this year, declared dividends Of tl1,-
S75,O19 and since incorporation issued cap
ital has been distributed TO the amount OF
Sl1L344,243, 36 per cent return on the COM
bined S3H,l12,l5
No statistics are available Of the min
ing stocks which have paid no dividends
except to their promoters.
Export of Gold Likely.
America Is more likely TO export than
TO import gold between now and the new
year, according to a recognized expert on
International monetary and trade move
ments. He declares that this country's
foreign trade has undergone and is un-
dergoing change which has not yet been
adequately realized. I'VE have been using
only 5,OO0,0OO bales Of cotton at home" he
said, and exporting very large amount
OF wheat, But American bankers do not
seem to have grasped the fact that the
production Of cotton In other countries Is
increasing very materially and that our
domestic consumption Is rapidly expanding.
Moreover, do not forget that we are reach
will be needed for home consumption. AL
ready we Import from Canada nearly as
Our population Is nearing the lOOO0OOO
mark, and IL takes enormous quantity
OF cotton TO clOthe and flour to feed this
ports largely exceeded our Imports, we
have been obliged 20 pay our International
bills to large extent through the sale
Of securities We are going deeper into
debt every day. our tourists are spending
more and more every summer, our insur-
ance charges have gone up ond the bill
for freight is growing. The grand total OF
these and other charges have gone nearer
I,oOOWOOO than $OOWOWV What would
happen should European holders OF our Sc
eurities decide to sell out do not care to
contemplate"
Cotton Crops Move slowly.
The cotton trade Is wondering a great
deal as to why the movement Of the crop
Is not larger The report of the census
bureau on the amount of cotton ginned 10
the first OF November will show about
10000 bales ginned and yet there had
come into sight up to the first Of this
month only a little more than 100000
bales. SO that there are. some place down
south about 10000 bales OF cotton that
have not yet come TO market, There were
2.5O6. 1856 bales brought into sight last
month. which was less than during the
same month Of last year lt Is not that
the into-slght movement at this season Is
an index to the size Of the crop, for I'm
the season OF i90I-S the October into-sight
movement was only 1,73l3G bales, and the
CROP that season, when intO-sght OF Octo-
Der was 25S9 53i bales
1t Is urged by some that the price this
season has been 80 high that II should
have caused the cotton TO be rushed 10
the market as quickly as possible, but the
south does not seem anxious 20 sell II
may be that the long campaign I'm favor
OF progressive marketing Is having It's ef-
feet Certain n Is that the mills. have been
rather reluctant buyers this fall and that
aF4aN F.a 10 "a .