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VOL. XXIII.—NO. 45. DEBATE IS SHARP STRONG ARGUMENTS ADVANCED FOR AND AGAINST THE FINAN CIAL BILL IN SENATE SPEECHES OF THE SESSION WERE DELIVERED BY SENATORS ALLISON AND JONES, WHO WERE OFTEN INTERRUPTED CLARK CONTEST NEARS CLOSE Testimony of Tuesday Showed Fre« In- of Money in Campaign Work In Montana—One Wltnes* Who Received a Present of a Check for Five Thousand Dollar*—Cabinet DiscuMea Philippine Commission. "WASHINGTON, Feb. 13.—The finance bill consideration continued all day. Two speeches were made, one In favor ftnd the other against. The first was deliv ered by Senator Allison (Io), chairman of the finance committee. " The other was delivered by Senator Jones (Nev.). He declared the bill was vicious and un warranted, conferring too great power upon national banks and fastening the country to a gold currency. He discuss ed the question from a historical and philosophic viewpoint. During the debate Mr. Tillman (S. C.) Inquired If Mr. Allison had not support ed President Cleveland's efforts to se cure the repeal of the Sherman law in 1893. Mr. Allison said he assisted Mr. Cleve land to that extent, but he had taken occasion also to criticise the Demo cratic party for Its attitude on the money question since. "Well, I merely Interposed my re marks," said Mr. Tillman, "in order to get the senator to absolve the Demo cratic party from all responsibility for Grover Cleveland. He never was a Dem ocrat." "I will absolve the Democratic party for responsibility for Mr. Cleveland,^' re plied Mr. Allison, suavely, "and at the game time I will absolve Mr. Cleveland from responsibility for the Democratic party. I know that he does not care to accept such a responsibility." (Laugh ter.) Mr. Lindsay (Ky.) inquired whether, In case there should be a d&flclt, the gold obtained from the sale of bonds under the bill could be used to pay current ex penses of the government. "Under the provisions of the senate substitute, to- which I am directing my remarks," replied Mr. Allison, "these bonds for obtaining gold can be sold only when the reserve fails below $50,000,000; and I want here and now to express my firm conviction that it will never be nec essary, under the bill, to sell bonds for that purpose." "But," persisted Mr. Lindsay, "will not the ultimate result be the retirement of j the greenbacks?" "Under this bill," replied Mr. Allison, "the greenbacks cannot be retired. I ■want to say that the retirement of the greenbacks or any part of our money should never be attempted without the most careful scrutiny and the wisest consideration of the legislation providing for it." STATUS OF GREENBACKS. In response to another question by Mr. Lindsay, Mr. Allison said that the green, backs, under the provisions of the pend ing bill, practically would be a gold cer tificate, and, he added, "It is so now." Mr. Allison said that the bill did not provide for the exchange of silver notes for gold because the committee did not consider it necessary. The faith of the government had been pledged to main tain them at a parity, and that pledge had not been broken. We would never disgrace and degrade ourselves by allow ing them to go to a discount. "Is the silver dollar a dollar, or is It a promise to pay a gold dollar?" asked Mr. Tillman. "It is a dollar," replied Mr. Allison. "The senator and I agree about that. But how will a silver dollar be kept at par with gold unless you will redeem It in gold?" "How do we know the sun will shine tomorrow?" replied Mr. Allison. "One of the reasons is because It shone yes terday. We will keep silver at par be cause we have bo kept it for twenty^ two years. But In addition we will strengthen the situation. France and Germany keep a great mass of silver in circulation, but it Is not redeemable In gold. The United States Is the only country that redeems fractional silver." The provisions for the Issue of silver certificates of $10 and under, he said, had been placed in the bill owing to ths popular demand for small bills. SOME SHARP REPARTEE. - "Suppose next summer a Democratic president w«re elected?" interrupted Mr. Tillman. "I know you think that impos- Bible, but miracles like that have hap pened; suppose a Democratic president Bhould take It into his head to discrim inate against gold, how could silver dol lars be maintained as parity If they are not redeemable in gold?" "You must catch your hare before you can eat him," replied Allison, amid laugh ter. "This scheme of finance then rests upon the continued supremacy of the party In power?" "Not at all," replied Mr. Allison. "1 em speaking of silver certificates, not of the probability of the election of a Dem ocratic president." Mr. Allen (Neb.) interposed to say that his objection to the bill was that the whole power to Issue money would be turned over to the national banks. Mr. Allison replied that under the bill every dollar of our currency must and would remain In circulation. The tail could not wag the dog. Mr. Allison, turning to the refunding features of the bill, said It was a pro pitious time to redeem the bonds due in 1904, 1907 and 1909. The funding should pro ceed gradually in order that there might be no friction in the money market. ,We could save $22,000,000 per annum by funding the bonds now. We could not be charged with favoring national bank 9 when we compelled them to deposit 2 pei cent bonds Instead of 8 or 4 per cent. In Conclusion. Mr. AJJison ':Tnere T§ no concealment, no preva/i --In this bill. II contains nothing that Is not plainly written on its face. We maintain that the provision of, this bill will maintain in good times and in bad times our standard of value. I say now as my firm conviction of its truth that the man who fails to come-to its* support, either because he is In favor of free coinage of sliver or for some other %\\t St Ifewl (-Stobe ' .•■ yX..,y.-^ 7^^xyyy,: .-• ■-'■■'' ' X :,T -y"':-~'\- ZZ'j'y Ay?* A* .yy AT '^ZZjZ/x^JZj^yy 7 * ■?>-' '-*?*? '- '* A T ..'•' 'AA7y?-:AAI -■: ■■" y' reason, will fail of his duty to his con stituents and to the. country." At the conclusion of Mr. Allison's speech Mr. Jones (Nev.) continued the debate In a speech strongly antagonizing the provisions of the pending bill. . ARGUMENTS AGAINST BILL.. "This measure," said he, "is the climax of efforts that have been made since 1869 to abolish the use of silver. It is cer tain that there will be additional legis lation presented at some subsequent date to retire the $346,000,000 of greenbacks. The gold standard advocates know that It would not do to attempt to carry through all of their plans at once. That would be a shock to the American peo ple. There will be also an effort in the near future to retire the treasury notes. This will afford the national banks an opportunity to regulate the volume of all money, save only gold and silver coin. Thus an aggregation of private banking corporations will exercise the sovereign function of issuing money, Instead of thai function being vested in the govern ment alone." Mr. Jones declared that the measure provided clearly for a permanent in crease in the bonded debt of the coun try, and that it Is a monstrous propo sition that any executive officer of the government should have the power to bond the American people. Speaking of the provision of the bill which will enable national banks to in crease currency up to the par value of bonds deposited, Mr. Jones declared that the result of the authorization of na tional banks to Issue so great an amount of currency as they would be able to Is sue by the provisions of the pending bill would be to place in the hands of the banks the credit of the entire people and the power, in times of financial pres sure and financial stringency, absolutely to bankrupt people by calling In loans iTT"the regular conduct of their banking business. "This bill places in the hands of the national banks the control of the bonded debt of the- country," said Mr. Jones. "Whenever the banks see fit they can reduce the gold reserve below the limit and force an Issuance of bonds, and this process can go on Indefinitely." Mr. Jones spoke with bitter sarcasm of the financial dependence of the United States, declaring «hat a cock fight In India or a war in Africa with the Boers disturbed the finances of 80,000,000 Amer icans. He maintained that this country should have its own distinctive money, which would not desert us in time of trial, and, In conclusion, advocated the issue~t>f paper currency alone. This cur rency should be entirely independent of gold, silver or anything else that pos sessed inherent value. Such money, he argued, regulated in amount in accord ance with the population of the country would be the best and steadiest money ever seen in the world. The death of Representative C. A. Chickerlng was announced, and the fol lowing senators were appointed as a funeral committee: Platt,' Mason, Scott, Turner and Sullivan. / CLARK CONTEST. Mr. McDermott Tells of a Handsome Present He Received. WASHINGTON, Feb. 13.-The senate committee on privileges and elections continued Its examination of Mr. Neill, in the Clr.rk investigation, and also heard Mr. McDermott, another of the close friends and staunch supporters of Sena tor Clark In his contest for the senate before the Montana legislature last winter. Probably the most interesting testi mony of the day wag a statement made by Mr. McDermott to the effect that Mr. Clark had made him a present of $5,000 after his election to the senate to pay McDermott for his services in the contest. He also testified that he had expended about $22,000 In the legislative^ and senatorial contests. The major part of this sum had been received from Mi-. Clark's son, but the witness claimed it had ail been spent for legitimate serv ices. The only other witness of the day waa a resident of Butte, Mr. Jacobs, who stated that just before the senatorial caucus he had been told by Mr. Kasson that he was getting testimony adverse to Mr. dark. NO GROUND FOR PROTEST. Nlcaraguan Minister Disputes a Sen sational Story. WASHINGTON, Feb. 13.—Referring to the statement In the London Standard that Belgium and France would unite in a protest against American control of the Nicaraguan canal, because of treaties with Nicaragua, Minister Correa, of Ni caragua, said today: "The Information Is manifestly Incor rect, In so far as refers to Belgium, as I cannot recall that Nicaragua has ever made a treaty with Belgium in reference to the canal. The only treaties that have been made respecting the canal are with Costa Rica, Spain, France, Great Britain and the United States, but these treaties do not refer to construc tion of the canal or control over it, but merely to Its use as a waterway by ghlps of those nations. As there is no proposition to restrict this use on equal terms to the -commerce of all nations, there hardly seems to be any ground for suggesting a protest." TO FLY STARS AND STRIPES. Brig Windward. Which "Will Sail for North Pole. WASHINGTON, Feb. 13.—The house committee on merchant marine and fish eries today ordered favorable report on a bill to grant American register to the brig Windward, with which Lieut. Peary purposes to endeavor to reach the north pole. It provides such brig should fly the American flag. The committee deemed it wise to act favorably upon the bill. REGULATION OF MONOPOLIES. Representative Bailey Introduces a M«n«ure In the House. WASHINGTON, Feb. 13.-Representa ffve Bailey, of Texas, has introduced Into the house a resolution providing for the appointment of a special commis sion of nine members, not more than five of which shall belong to any one party, to which shall be submitted ali measures for the regulation of monopo lies, or for the suppression thereof, with instructions to prepare a general bill for that purpose. Army Appropriation Bill. WASHINGTON. Feb. 13.—The house committee on military affairs today com pleted the army appropriation bill. It carries $111,700,364. against $80,080,104 In the bill for the current year. The great seeming increase is accounted for by the fact that the appropriations for the cur rent fiscal year were inadequate, and the urgent deficiency bill recently pass ed carried a large additional appropria tion for the army for the current year. The bill includes an appropriation of $450,550 for cable and telegraph lines to connect the military posts In Alaska with headquarters at St. Michael's, and $100, --000 for military bridges and roada In Alaska. A Fit tins Close of the Century. 109,303 cases, the phenomenal importa tion in 1899 of G. H. Mumm's Extra Dry, exceeds any other brand by 72,495 cases. No champagne can excel it In quality, G. IT. Mumm & Co. always securing fljv; est vintages-, regardless of price. Their. 1595, now imported, has no equal. WEDNESDAY MORNING, FEBRUARY 14, 1900. APPEAL TO PUBLIC THE ANTI-TRUST CONFERENCE REACHED A RESULT IN ITS DE DELIBERATIONS TUESDAY ITS PLATFORM OF PRISCIPLES FAVORS GOVERNMENT CONTROL, OF RAILROADS, TELEGRAPH AND PROPERTY OF PEOPLE PKESENT LAWS INADEaUATE Suggestion Is Made That More Rigid Enactments Replace Those Now Pronounced Dead Letters on tbe Statute Books-There Was a Warm Debate In the Conference Before Report Was Agreed Upon. CHICAGO, Feb. 13—The committee on resolutions of the anti-trust conference, after a etormy session tonight, finally agreed upon a report which will be sub mitted to the conference for adoption to morrow mornting. The discussion was caused by a dif ference of opinion among the members as to the details of how the government should obtain control of railroad, tele graph and telephone lines. A faction lead by Tom L. Johnson, Louis F. Post and other single tax ad vocates insisted that the value of a fran chise im assuming control should be ignored. They thought the government should take the property without pay- Ing compensation to the owners. John P. Altgeld, George F. Williams, NEW THEATER OF ACTION IN SOUTH AFRICA. > a': /1 UPuumN 'yy t . --"^^s^^^S?^^^^^^3^^ | v/ • v RARUAfDiL Cz^m^Ml ° <^^y^ WtuMiuPooKT t\ ■ \v ■ * yo • - / —-< - C - \W^---^-\ j,' £ CHARITON N. 'y_ ' ' J) / ''■■' : ~^^ i If -' * SSI ■*A £^iS"-'.'•' z:''y:^yx: J&& x $?&&* \ \ -:v7 * i j.22s^*72X-y7, ■■■ ■■■■■ :-*A.o?umc.W"/ ■-•* •--. '\\ y ■ ja^£^-^7f%y X77y iimiJr^J^T/M/ J -~ ilii i^r^77A^:AA £% ■. .^7 AtGlfelPfc JXjjm^y^^momjj ... L V\ 'y ..-fl* 1" Honsliprit, Where the Boers Are Assuming the Aggressive, and the Adjacent Territory Gov. Lee and ex-Attorney Monnett, ot Ohio, were for government ownership of these utilities, but thought the cause would be injured by advocating practical confiscation at this time. Finally John P. "Altgeld suggested a compromise which brought the warring factions together, and prevented a fight on the floor of the convention later. The provisions denying the value of franchise right was stricken out and an amend ment substituted declaring that the own ers should receive just compensation for all property taken, Irrespective of water ed stock or other flctitlons securities. This appeared to satisfy the radicals and was adopted. The platform declares for government ownership of all public utilities and nat ural monopolies, government money, th« referendum and direct legislation and the withdrawal of all protective tariffs from all articles controlled by a trust. The platform and the address to voteis that precedes it are as follows: THE ADDRESS. The national antitrust conference, com posed of members from states and terri tories of the American Union, assembled at Chicago on the 12th. 13th and 14th of February, 1900, earnestly urges all cit izens who oppose the industrial combina tions, commonly known as trusts, to or ganize at once to deprive those combina tions of their power. We make no assault upon business combination for diminishing of productive cost or augmenting productive efficiency. What we do attack is combinations for coercing producers and lessening produc tions. It is such combinations that con stitute the trust evil, and them we would abolish, root and branch. When oppressive trusts are examined they are found to be combinations not for augmenting wealth, but for hamper ing Its production; not for making good things plentiful and cheap, but for mak ing them scarce and dear. STANDARD OIL TRUST. Chiefly by means of railroad discrimin ation and exclusive pipe line service, the Standard Oil trust has acquired such undisputed control of American oil that It can lower the price to producers and raise the charge to consumers at will, and so enable itself to declare quarterly dividends on millions of watered stock at a percentage beyond all bounds of legi timate profit. To this oil trust, monop oly engendering laws have committed the regulation of the people's needs and rights In one department of Industry. Their needs and rights in another I JSngl^Portuguese* JSllkMee. $ i SAN FRANCISCO, Feb. 13.—The Portuguese Unidn, of this $ ij city, today received the following cablegram: x "Lisbon, Portugal, Feb. 13.—The king has signed a protocol $ of a secret offensive and defensive alliance with England, with the ft approval of the leaders of the militant parties .of both countries." _ !j The editor of the Union says that his information comes from !j a reliable source, and should be given credence. o have been by similar laws committed to the beef trust. This law also derives its far-reaching powers, which extend over the cattle raiser on the one hand and meat consumers on the other, chiefly from its discriminations In railway rates and terminal facilities. From the same prolific source of special privileges comes the grain elevator trust, which lowers the price of grain to the farmers, while increasing the cost of bread to the mechanic. Railway discriminations, buttressed by a coal tariff and monopoly of mineral lands, is responsible also lor the anthra cite coal trust, which already exists, and for the bituminous coal trust, which is rapidly forming; wherefoy the miner who would trade coal for food must submit to extortion or starve, and the farmer who would trade food for coal must submit to extortion or freeze. RATE DISCRIMINATION. Even the sugar trust derives no small portion of its despotic power both In bus iness and politics from discriminating railway rates. This trust, moreover, like the coal trust, is a- beneficiary of tariff favors. So is the paper trust. Secured by the tariff against foreign competition in raw materials and controlling the American sources of supply, the paper trust has been able, by mere arbitrary decree, without alteration in the cost of production, to raise* the price of print paper to an extent which involves the loss of many millions, of dollars to the press of the country. Then there Is the majestic steel trust. Through patents and tariff indulgences and discriminations, and the mo nopolization of some of the richest mines which bountiful .nature has bestowed with impartial hands upon mankind, that trust sweeps the area of other great departments of industoy and proclaims. itself monarch of all It surveys. As a culmination of this aggregation of gigantic trusts, an unscrupulous congres sional lobby now threatens to set up an all-embracing banking trust. This lobby demands that the government wholly surrender to private corporations its sov ereign function of issuing money in so far as that function affects paper money. If that were done, a banking trust would result which would regulate the volume of paper money, and dictate commercial discounts in the Interests of all the great trusts, and to which-, bankers In general would sustain a similar relation to that which grocers already bear to the oil trust and the sugar trust. INEVITABLE RESULT. . The trend of this trust-making is un mistakable. If it continues a few great . trusts, governed by a few unscrupulous men, will direct the course of American industries, .and be the masters practical- ly, as well as industrially, of the Amer ican people. Without themselves produc ing- they will determine the character and extent of production by others, and will measure out compensation by their own arhitrary will. And no power known to the law will then be strong enough to shake them off. Even revolution would be hopeless. For in this republic of theo retical equality, when the single, source of power shall have been once secured, everything will have been secured, the despotisms of the trusts will- advance as it Is even now advancing? "in the name and with the might of the people." The only remedy for the trust evil is the abolition of' legalization of every kind. By legalized privileges we mean powers derived from law, which some .persons or classes enjoy to the exclusion of Others, and which therefore create private monopolies. To this conclusion the members of the National Anti-Trust conference have come. But they are not unmindful of the difficulties that would be unnecessarily Invited were they to specify all the le galized privileges that ought to be abol ished. Differences of opinion, not only as to the real character of many of those privileges, but also as to the wisest meth ods of abolishing such as were admitted to be within the scope of the indiatment, might prevent that ..widest unanimity of purpose and action among those of like mind upon the Issue in the ab stract, which is necessary in organizing for an attack upon so formidable a foe as the American trusts. REMEDIES PROPOSED. For that reason this conference recom mends three legalized privileges as ob jects for the initial attack: First—The privilege created by tariffs for the protection of goods controlled by trusts. Second—The privilege created by sur rendering the money-issuing function to private corporations, and Third—The privileges, created by tele graph and railway franchises. The first of these recommendations can raise between free traders and pro tectionists no practical issue, since iree traders advocate the abolition of all tar iffs, or, at any rate, of all protective tar iffs, they cannot consistently object to the abolition of some protective tariffs; and, as the object of the protectionists Is to promote American Industries, they must consistently- resent the misuse that is made of protection by trusts to crush American Industries. We declaie that th« problem of trusts Is inextricably interwoven with the money question. We see today the effort made systematically, and It would seem, with fair prospects of success, to turn ov«r to the banks the control of the circulat ing medium of the country. But the banks In their turft are controlled by those giants of finance, who, in common Continued on Third Pave. FRICK BILL FILED FIRST LEGAL MOVE IN THE CAR NEGIE PARTNERSHIP CONTEST PROVES SENSATIONAL DGLY OIHRGEB IRK PREFERRED MR. FHICK ALX,EGEIS THAT MR. CARNEGIE SEEKS TO CONFIS CATE HIS STOCK THREATS WERE INDULGED IN Mr. Fricls Forced to Resign the Chairmanship of the Carnegie Steel Company, ajid Practically Ordered to Surrender His Hold ings to Mr. Carnegie at a Ruinous Valuation—May Appoint Receiver. PITTSBURG, Pa., Feb. 13.—Henry Clay Frick filed a bill In equity today in the court- of common pleas No. 1, of Alle gheny county, against Andrew Carnegie and the Carnegie Steel company, lim ited, praying: First—For a decree that the pretended transfer of his interests in the compaj^ was and is null and void, and that he is still the owner of such Interest and Is entitled In every lawful way to repre sent and act for the same. Second—For an injunction restraining the defendants from any interference with his interest in the said company, and from excluding him from participa tion in the care and management of the assets and business. Third—A decree ordering the defend ants to cancel upon the books of the firm any assignment or transfer hereto fore made, or pretended to be made, to said association of the plaintiff's inter est in the firm. Fourth—A decree ordering the defend ants to cancel and erase all entries upon the books of the firm of the Carnegie Steel company, .■ limited, of unfair and Improper valuations of its assets, and of the plaintiff's interest therein, and cause the said books so to be kept as to fairly and fully show the real value of the Carnegie Steel company, limited, and the plaintiff's interest therein. Fifth—ln case the defendants shall re fuse the offers made by the plaintiff, and shall refuse to continue the said business and to allow him to participate in the management and control thereof, and of the properties of the Carnegie Steel com pany, limited, in conjunction with them selves, and shall insist upon the exclu sive management by themselves of said business and assets, and shall continue to exclude the plaintiff from his interest in the business and assets of the said firm, that the court will thereupon allow the plaintiff to declare the said firm of the Carnegie Steel company, limited, dis solved, and appoint & receiver to take charge of all the business and assets of the said firm, permitting said re ceiver to fulfill unperformed contracts-, and to do whatever shall be necessary in and about the proper liquidation of its affairs, and that, after the conversion of the entire assets of the company into money and the payment of the debts of the said company, the court will then distribute the balance thereof among the partners in proportion to their interests. Sixth—That an account be taken be tween Carnegie and the plaintiff whereby Carnegie shall be charged with all the losses, expense and damage he has caus ed by his illegal and fraudulent conduct; and that. If Carnegie persist in his said fraudulent scheme and refuses the of fers hereinbefore mentioned, and thus causes the actual dissolution of the firm, all losses incurred by the plaintiff by reason of the said dissolution and forced winding up of the firm shall be charged against him, and that he shall be de creed to make good and pay to the plaintiff the difference between what his interest was fairly worth on or about Feb. 1. 1900, and the amount he shall re ceive through the decree of this court fn final liquidation and settlement -of the said firm. BILL SUMMARIZED. The bill in equity is quite lengthy, and, as summarized by Willis McCook, 1 Esq., counsel for Mr. Frick, is as follows: In 1892 there were two limited partnerships— (1) catted Carnegie Bros. & Co., limited, with a capital of $5,000,000, which made steel rails and owned only the Edgar Thompson steel rail mill in Braddock township; and (2) called Carnegie, Phipps & Co., limited, with a capital of J5.000, --000, which made all kind of steel plates, structural material, iron forglngs, made the material for and built bridges, made armor plates and made material for the same. This latter firm owned the upper and lower mills in Pittsburg, the extensive Homestead mills at Homestead, the Key stone Bridge works in Pittsburg, the armor plate mill near Hgmestead, the Hartman Steol works In Beaver county an£ ?t.her properties. Carnegie SWned over 50 per cent of each of the old firms, and he, with Frlck, Phipps and others, owning interests in each, formed In 18S2 what constituted a new partnership called the Carnegie Steel company, limited. In this Carne gie retained over 50 per cent and now has 58^ per cent, while Frlck has 6 per cent. Both old firms were merged Into the new, which had a capital of PHICK TWO CENTS-f £7^*^,. BULLETIN OF IMPORTANT NEWS OF THE DAY Weather Forecast for St. Paul. Fair; Northwest Winds. I—Anti-Trust Conference. Currency Bill Debate. Frlck Sued Carnegie. South African War News. a—Bad Blase Averted. Insolvent Bank Dividends. Student*' Ruction at Hamllue. Agreement on Circuit. B—Minneapolis Matters. Northwest News. ■*—Editorial. State Political Gos*ip. Fire Board Meeting. Hints From Retail Stores. 6—Sporting News. Riots in Martinique. 6—News of the Railroads. Popular Wants. 7—Markets of the Wcrld. Bar Sliver, 50 7-Bc. Chicago May Wheat, 68 5-S-3-4e. Stocks Active; Higher. S— at Paul Social News. County Treasurer Suspended. Smallpox at Owatonna. OCEAN LINERS. NEW YORK—Arrived: Werkendam, from Rotterdam; Bovic. Liverpool. GIBRALTAR-Arrived: Werra, New York, from Naples and Genoa. Sailed 12th: Ems (from Genoa and Naples,), New York. TENERIFFE — Sailed: Octavia (from uenoa), Valparaiso and San Francisco. GENOA—Arrived: Kaiser Wilhelm 11., New York. TODAY IN ST. PAUL. METROPOLITAN-Corlnne in "The Lit tle Host," 2:30 and 8:15 p. m. GRAND—"The Sorrows of Satan," 2:30 and 8:15 p. m. Palm Garden*-Vaudeville, 2 and 8 p. m. City convention, Socialist Labor party, Assembly halL 8 p. m. Open meeting. Sacred Thirst society, Cre tin •hall, Sixth and Fort streets, 8 p. m. Exhibition of fancy billiards by Lew Shaw, Commercial club, 8 p. m. St. Paul presbytery meets, Westmin ster church, 2:30 p. m. $25,000,000 and operated all the old works. This new firm was under the immediate care and supervision of Frick, as chair man, from 1592 to Dec. 5, 1899. It greatly enlarged the capacity of its different works, enlarged their output and pur chased other plants, ore mines, etc. Carnegie lived in New York, passed much of his time abroad, remaining at one time for eighteen consequtive months. He did not pretend to manage the current business, although he was consulted as to important matters. ENORMOUS PROFITS. The business from 1892 to 190G was enormously profitable, growing by leaps and Jumps from year to year, until, in 1899, the firm actually made, on low priced contracts, In net profits, after paying all expenses of all kinds, $21,000 - 000. In November, 1899, Carnegie estimated the net profits for 1900 at $-10,000,000, and Frick then estimated them at $42,000,000. Carnegie valued the entire property at over $250,000,000 and avowed his ability, in ordinarily prosperous times, to sell the property on the London market for £100,000,000 or $500,000,000. In May, 1899, Carnegie actually re ceived in cash and still keeps $1,700,000, given him as a mere bonus for his nine ty days' option to sell his 68»£ percent Interest In this steel company for $157 - 950,000. Flick's 6 per cent on that basis would be worth $16,238,000. Frick now alleges, right at the head of this enormously successful business whereby, at least in part, he made for Carnegie these enormous profits and val ues, that Carnegie suddenly, and with malevolent intent towards him, on D?c. 4. 1899, arbitrarily demanded of him his re- 3 ignation as chairman, and this without any reason except to gratify Carnegie's malice. Frick, in the interest of harmony, gave his resignation, and, subsequently, on the 11th day of January, 1900, after Carnegie had thus deprived him of his office, he (Carnegie) demanded of Frick that he (Frlck) should sell to the firm his inter est in it at a figure which would amount to less than one-half of what this interest is fairly worth. Frick refused to sell at that price, but offered to sell, and allow three men to value the Interest sold. Car negie refused this, and left Frick, threat ening him for not yielding to his demand. CONFISCATION ALLEGED. Frick alleges that after his resignation, and at the time of this last Interview, Carnegie was fraudulently and secretly, without Frlck's knowledge or consent, at tempting to carry out a scheme which, if successful, would enable Carnegie, as Carnegie hoped, to confiscate Frick's in tere*: in the firm at probably not much over 33 per cent of its real valus; that is to say, not over $6,000,000 for what, on the basis of Carnegie's option, was worth $16,235,000. This scheme, Frick says, he can prove was to reintsate and make op erative an unexecuted and abandoned so called iron-clad agreement of 1887, which related 'solely to Carnegie Bros. & Co., limited, and never did include the Carnegie Steel company, lim ited, and also to attempt to make binding on Frick another so-called iron clad agreement of 1892, which Carnegie never before had executed, which Henry Phipps had always refused to execute, and which many other partners had nev er signed. This agreement, contemplated In 1592, Carnegie knew, as Frick now al leges, was absolutely void in 1899, and yet Carnegie appeared at a meeting of the board of managers of the Carnegie Steel company, limited, held Jan. 8, 1900, In Frick'e absence, and~presented false and misleading resolutions, whereby he at tempted to make operative and reinstate the so-called Iron-clad agreement of 1887, and also directed his co-partners to sign the so-called agreement of 1892, which neither he nor many of them had there tofore executed. All this, It Is allege!, Carnegie did secretly, and purposely con cealed the knowledge thereof from Frick. MR. FRICK'S PROFFER. The bill alleges that the new partner* ship of the Carnegie Steel company llm ited is not a limited but a general part nership, but Frlck was unwilling to take advantage of what he believed to be a limited partnership until he was advised otherwise after this controversy arose and he therefore offers (a) to sell his in terests in the firm at what three business men will Judge them to be fairly worth; (b) to execute papers making a valid, binding, limited partnership and to con tinue the firm In all respects as It was Intended heretofore to do; (c) to con. tfnue tne firm, even If it is a general partnership, and all are individually Ha. ble, provided he be allowed to participate in the management, because to leave the sole management to Carnegie would re sult eventually, as he (Frick) believes, In financial loss; (d) if Carnegie refuses all these offers, then he asks the court to dissolve the partnership and to have a receiver appointed to sell the property and pay the debts and distribute the bal anct. FORCED TO RETIRE BRITISH FORCES FIND OTHER FO* SITIOXS OCCUPIED UNTENA BLE AND VACATE BOERS IRE MORE IGIJ3ESSIVE DO NOT WAIT FOR TJOE BRITISH TO ATTACK, BUT TRY A FOR WARD MOVEMENT • CENSOR'S PENCIL SHARPENED Permits Nothing Concerning the Whereabouts or Plans of Gen. Roberts to Get Through—Boers Score a Marked Succes* In the Rensherg Locality—Gen. Clem, ents' Command Forced Back. LONDON, Feb. 14.-A dispatch to the Daily Mail from Rensberg, dated yes terday, says: "There haa been hard fighting for two days near Colesberg, the Boers making Btrenuous efforts to outflank the British there. The enemy occupies strong posi tions from Achtereang, through Fotfon tein, to a point five miles south of Jas fontein. "The fighting at our outpost camps has been very severe during the last few days. Yesterday the Boers attacked the position of the Worcestershlres to the south of Coleeberg. Fighting continued all day, and after dark it was considered necessary to withdraw to Rensberg. Our losses are not yet known. On the left the West Australians, Wlltshires and lierkshlres had hot fighting, but held their positions against long odds. Tho Boer losses were considerable. "Owing to the growing difficulty ex perienced by" convoys in reaching the camps, ail of the latter were vacated last nig-ht, and the troops withdrew to Reii3 berg. "The Boers are burning the farms of the loyalists, but the latter have con trived to get away with their stock." GLOOMY FOR BRITONS. The enforced retirement of the British from the Colesberg district, and probably under heavy loss, is the news this morn ing. And thus at the time Lord Roberta Is about to make an attack on the Free State the Boers make a dash in an un known force, not far from the vital Una of communication at De Aar and Orange river. This may not be a serious setback. Neverthless, this news produces an un pleasant effect here. Gen. French met a reverse at the hands of ihe Boers In December. On Jan. 1 it was announoed that he could take Colesberg with a slight addition to his own force. These were sent, but at the same time the Boers were reinforced. The British lines had been extended east and west, go at the opening of the week they constituled a great horseshoe, twenty-five miles in length. The lines were not continuous, but all the strong points were held. CLEMENTS DRIVEN BACK. Gen. French, when he Joined Lord Rob erts, presumably took most of his cav alry force, and Gen. Clements was left with the infantry to hold the Boers in check. Commandant Delerry, with a double turning movement, has compelled Clements to concentrate at Colesberg, be sides threatening Lord Roberts' c mmuni cation. The Boers' mastery of the dis trict has caused a fear of Dutch rebellion, but this, no doubt, will be promptly sup pressed, as large British forces are avail, able not far away. Lord Roberts is evidently preparing for advance. One informant, who has inti mate relations with the war office, antici pates no movement within the next day or two,-as a number of correspondents who have been with Gen. Buller have , gone to Durban for a few days' rest, un der the impression that nothing will ba done for a day or two. MAFEKING GARRISON GAME. An" undated dispatch from Ma f eking, via Gaberones, Feb. 2, says: "Col. Baden Powell has received a communication from Lord Roberts promising that relief would be sent In a few weeks. The food will last. The garrison is as game as ever. The Boers have expressed their Intention not to fight, but to starve us out. All well." BRITISH CASUALTIES. A revised list of the British casualties at Potgleter's Drift, from Feb. sto Feb. 7, shows: Killed, 26; wounded, 319; miss ing, 5. A private telegram received here says that the force commanded by Gen. . Wood has moved up from the southward and seized Zoutpan's Drift, which it now holds. The war office has poßted a dspatch from Col. Kekewich, dated Sunday, Feb. 11, to the effect that Kimberley was bom barded throughout Thursday, Feb. 8. During the morning of Feb. 9 a small in fantry engagement, lasting two hours, occurred at Alexandersfontein. The sit uation otherwise is unchanged. BULLER AT CHIEVELEY. The fact that Gen. Buller's dispatch revising the casualties to the British troops at Potgieter's Drift is dated from Chieveley is taken in some quarters as an indication that Gen. Buller has' re moved his headquarters to that place. There is nothing to Indicate whether or not he left any large force at Springfield. BOERS FIVE TO ONE. RENSBERG, Feb. 13.—Yesterday's re tirement of the Western outposts In cluded the with*rawal from Cole's kop and all Jhe surrounding posts. The Boers placed a forty-pounder at Bas* tard's Nek. commanding the surrounding country, and successfully shelled the British positions. The Boers numbered some thousands and were five to one wherever fighting occurred. The Brit ish are chafing under the necessity of a retreat from their post 3, some of which they had held* since the new year. The British now have no camp west of Rensberg. They safely brought off the guns from. Cole's kop. The Boers are actively pressing around Rensberg. The British force under Lieut. Col. Page, consisting of a sec* tlon of artillery and 150 horses, which reached Sllngersfonteln Feb. 10, has bee* compelled to fall back on Rensberg, ow ing to Its eastern flank being threatened. CORRESPONDENT VISITS BOERS. RENSBERG, Feb. 18.—An Australian, newspaper correspondent, Mr. Reay, paid an interesting visit to the Boer camp Sunday, to make inquiries as to. the fate of his missing colleagues, Mr. Continued on Third Pace.