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

abb hbut tOt tupOs Anoy "hh i"1t7s su~'
q complete failure to carry out any Of the
party pledges cannot be excused by the
claim that the insurgents prevented Sc
tion. They will try TO Impress him
With the fact tina. the people will hold 1t
upon the president aud the republican
m'j irity, not the insurgents, responsible
for the resolti. The regulars have often
expressed disapproval OF the TAFT uots
that have kept him away from the capital
during 8 large part OF the session.
While Legislation was In Its early
stages, however, his absence had no
serious effect, hut the fact that be was
not OF band when the crisis came 10 the
consideration Of lthe railroad bill de.
cided the regulars to call for show
down. They felt that II he had been
here to exert pressure on bear.insurgents
the railroad bill might have been saved
10 presentsble form. Veterans 10 Don.
gress regard the passage Of bills with
high sounding titles and no substance as
worse than DO legislation ct all. The regu-
lars are discouraged by their rspested
defeats aud unless the president
will become fighting silly then will be
willing to sbu; up shop and join with
him In ga effort to "blsme It on the In.
surgent'." "What the important occs-
sion of the Presidents trip just at this
time 7" asked one regular today. There
was no de6oIt, reply. Someone mention.
ed the May Musical Festival at OIncin-
uati. Someone else proposed the
Farmers congnsi st st, Luis. Then
some one murmured the name of Hans
Wagner.
The census Office today unofficlslly
estimated the increased of population
10 the United States since 1900 at 16,.
l2l, 0S6 The estimated total populs-
ton of the Uoited States is 81, 424. 423.
The Unofficial estimates shown the popu-
lstion of Greater New York to be 4, 663, =
6O9 Au increase since 1900 OF l, 1885,.
4Ol, The population OF Chicago is
| estimated at 1882 926; New Orleans,
332, 1862; g.. Lous, 69S,7l6; Baltimore,
| $50, 974; Washington, $50, l45.
Suggestions of the physical vaultion
of railroads 80 an amendment to the
Taft. ElkIDs bill In the Senate today
brought up Visions Of about 30 days OF
debate. 1t has been inserted In the
House railroad bill and it Is being await.
ed With fierce emotions by friend and foe
| In the Senate. Only the tlrif offers
larger range for views pro and con.
Physical valuation OF a railroad means
an apprsisemeut of its actual real prop
+! eriy, lands, tracks, tuildiDgs, shops and
rolliog stock, |. does not consider good
will, franchise value or the vslae Of
stocks and bonds issued By the compsny.
Soch a report would be OF great service
to the Ioterstste Commerce Commission
10 determining upon rates just to the
people and yielding fair profit TO the
railroad companies on the actual invest.
me1 t. "a ply sicisl valuation wtu'd not be
tbeonly but the controlling factor 10 6xiog
r.tss," said Mr.. Madden, suthor OF the
amend meE adopted by the House. The
Madden amendment direct, the Inter.
stste commerce commission to make the
valuation and TO consider therein the
original cost OF construction, smouut ex
penied 10 permanent Improvements,
betiernmepts aud EXTENSIONS" tle
amount of earnings invested In "perms.
ment improvements, bet ermenls and
extensions" aud The extent TO which sach
earnings are represented by stocks and
bonds In the treasury OF the railroad.
1t shall sscertsin the original cost and
value OF the right Of way and terminal
grounds sud their present value, aud the
present value exclusive Of improvements
For Eve years the interstate commerce
commission 10 lite annual reports has 70.
commended that Congress suthorlzI 1t to
mske a valuation of railroad property
Railroads have fought the proposition to
the full extent OF their inhusnce 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 tsx-gstherers will learn the real
value OF their property. Advocates OF
valuation cor tend that II is msnIfestly
impossible for the government to FIX
just rate unless the valuation of the To-
vestmeut upon which that rate is to earn
fair dividend In known. "The time
has come" said Representative Madden,
"when 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 Issued. 1t Is simple jus.
tee, 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 & Trust Company.
A bill was favorably reported from the
House Committee on Banking and Cur
rency today, appropriating 81, 1e1,754.5o
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 Ststs 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-
psrtment received any information concern.
ing the negotiation Of treaty between japan
and Russia delimiting their respecting
spheres of influence in Mancharia and Mop-
golia.
The famous Scottish divine, Rev. John
Hunter. Of Trinity Church, Glasgow, pro.
nouncei the invocation which opened todsy's
session of the HOUSE. DR.. Hunter is in Amer
ics to further his plan Of unifcation Of all
chuYches