6
THIS TOPEKA DAILY STATE JOUBNAE MARCH 7, 1912
IT L00KSBETTER
Industrial Sky Is Clearing Since
First of Year. 1
Only Politics to Hold Up Pros
perity Ware "ow.
CONFIDENCE IS AWAKENED
Corporation Men Believe Pub
lic Is "For" Them.
Good Beginning causes Hopes
for Spring ivevival.
New York, March 7. One of the
comparatively small number of men
who. although intimately associated
with the securities market, living
daily in the atmosphere which sur
rounds the New York Stock Exchange,
nevertheless think sometimes profound
ly and always with the intent to think
correctly, recently said that there is
something pathetic in the present long
drawcout lack of prosperous business,
although the situation is not so distress
ing as is the real misery of hard time3.
The experience of hard times we have
escaped. But now for several years
industry has been as constant as is
possible, yet it has not received the
compensation which it should. There
ibas been persistent expenditure of
honorable energy and time and yet there
ihave not come the profits of accumu
lation of surplus which should have
come.
This condition is properly described
as almost pathetic, especially ' because
there seems to be no Just cause for it
It is spoken of by those who have given
the condition careful study as one due
chiefly to lack of confidence and to the
comparative chaos with which the
larger business interests of the Uni
ted States that are of corporation form
are perplexed, not knowing exactly
iwhat is safe and lawful to do and
iwhat may at some time be declared un
lawful. Yet since the first of January of this
year the evidences of improvement have
been on the whole somewhat gratify
ing. The very immensity of the domes
tio business needs of the people of the
United States and the persistent pres
sure of business against the obstacles
iwhlch doubt or lack of confidence, have
raised will. It is believed, ultimately,
sweep these obstacles away. The hints
ihave been considerable in number
since the first of February that this
onward movement is now well unde
iway and would be much farther ad
vanced were it not that always the
politics and campaigning of a presi
dential year tend somewhat to limit
business activities.
Some of the Evidences.
Some of the evidences of this ad
vance are furnished by the invitation
to the public to absorb large issues of
securities behind which stand unques
tioned credit and, in many instances,
the approval of the regulating or su
pervising commissions of the states.
In one day last week there were of
ferings of securities of this character
aggregating 51 million dollars, all of
them representing industries or trans
portation properties upon the Pacific
slope. The mere fact that such offer
ings are now made is sufficient proof,
first, of real industrial and commercial
activliy in our Pacific states and. sec
ond, that the people of those states
are looking ahead not in doubt, but in
perfect confidence of what the future
Is to mean for them in the way of
material prosperity. It is the impres
sion that the people will speedily ab
sorb these Pacific slope securities and
they will be prepared to make invest
ment In other offerings, provided those
bave high credit behind them and tha
moral support of the state authorities.
This, however, was a single item, a
one day's record, of appeals to the
public to absorb high grade securities
traction, industrial and railroad
representing interests ' on the Pacific
coast. But the month of February
has been able to make a new record
not surpassed In any previous years,
even In those years between 1899 and
1904 of vast industrial promotions and
expansions when governmental super
vision, state and national, was mucli
less rigid than it is at present. In the
mor.ih of February of this year rail
road and Industrial corporations of the
United States were able to finance
securities of the aggregate value of
268 million dollars in round numbers.
It Is true that some of this financing
tends to reflect the prevailing timidity
Thro
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of investment capital, since the rail
roads marketed 19 millions of short
time notes In February. In normal
times this money would have been ab
sorbed in securities having a consider
able number of years to run. In the
month of February the Erie railroad
company asked the permission of the
public service commission to offer ror
sale 10 millions of notes. Presumably
this permission will soon be given. Had
It been granted in February, the total
offerings of the railroads of short-time
notes in that month would have been
nearly 30 million dollars. In normal
times the 30 million dollars would have
passed into long-time securities.
Possibly the most gratifying feature
of the financial transactions of the
month of February was the evidence
that the public has not lost confidence
In the industrial corporations of the
united states. In fact, the public
seems to have taken renewed conn
dence, for there was a very large sale
or the stocks of industrial companies
in the month of February.
The Sale of Bonds.
It is not possible to obtain any ac
curate report which tells of the sale of
oonds m the month of February al
though a rough estimate has been made.
This is due to the fact that much of the
selling of bonds is in the nature of pri
vate transactions. Stock exchange rec
ords do not tell of the purchase and sale
of millions of bonds because these arc
bought and sold over the counter.
But it is possible to learn from the
managers of the foremost houses thai
deal In bonds what the nature of then-
February business has been. Almost all
of them speak of their bond sales as
gratifying. Some of them say that these
sales have surpassed their expectations
or hopes. It is therefore safe to report
that since the first of the year the public
has been disposed more and more to make
investment of its money in railroad and
industrial bonds. There is an impression
that a very large amount of money has
been invested in what are called trac
tion bonds.
The Beginning of Spring:.
On the whole, financial conditions since
the first of January justify the hope that
the spring months of this year will tell
a story of a considerable revival in busi
ness activity and especially along broad,
large investment lines. And this feeling
is now supplemented, as can be learned
by inquiry of well informed house? in
this city, by the first hints of the har
vest of next summer and early tail. Of
course these reports are nothing but
hints. They are like the first streaks of
dawn of a dawn which gives promise of
a fair day. Yet it is important that the
first reports which come from the agri
cultural sections of the country should be
favorable. There is much in a good be
ginning. The blanket of snow which hui
covered so much of the agricultural lands
is a benefaction of nature, for it assures
evenly and widely distributed and suf
ficient moisture. Of course there rw-.y
come later in the year climatic disturb
ances, as there did last year, but the first
hints of what the crops will be are now
encouraging, and these tend to stimulate
to some extent business activity.
The leading merchants of the United
States such men as John Clafin of Ntw
York. John G. Shedd of Chicago and
President Farrell of the United Stated
Steel corporation who is more of a mer
chant than manufacturer have by means
of their perfect organizations kept con
stantly in touch with domestic business
throughout the United States and have,
in this way, learned that merchanrs here,
there and everywhere throughout the
country have been carrying so small a
supply of commodities that It is absolute
ly essential that stocks be renewed and
upon a large scale. The merchants them
selves report that the demands made
upon them fox their goods are increas
ing, which is only another way of savins
that general domestic trade is Improving.
The marvelous story of our foreign
commerce for the calendar year 1911 is to
be continued apparently throughout the
fiscal year which ends on the 13th of
June next. We are not losing any of our
foreign trade in manufactured commodi
ties, but seem to be Increasing it. It is
not unusual to hear men who are familiar
with our foreign trade say that every in
dication points to a sale to foreign coun
tries of our manufactured commodities
in 1912 aggregating one billion, two hun
dred fifty million dollars.
The recent report made to the comp
troller of the currency by the nn clonal
banks shows that deposits are increasing
all over the country. If we cannot find
a market for our investment fun-is in the
United States on account of investment
timidity we are certainly placing millions
in funds and notes issue! by foreign gov
ernments and foreign corporations.
Our railroad managers speak ;)f the
climatic disturbances of the vintcr some
what regretfully. The railroads have
been put to unusual expense on account
of severe storms. The traffic managers
of the New York Central system said to
day that not in many years liad the Cen
tral's lines been so frequenti and so ob
stinately barricaded by storm3 in north
ern New York as has been the case this
winter. It can be reported, however, that
the financial and business feeling of th'F
city on the first of March was one of
greater hopefulness than at any time
since 1906. HOLLAND.
POLICE LET THEM GO.
Forty Cluldren of Strikers Are Taken
to Philadelphia.
Lawrence. Mass., March 7. The po
lice made no attempt today to prevent
the departure from the city to Phila
delphia of a delegation of forty chil
dren of striking textile operatives, al
though the officers held up the party
long enough to obtain the name and
addresses of every child making the
trip. The children left soon after 7
o'clock accompanied by six delegates
from the strike committee of the In
dustrial Workers of the World.
The departure was the principal
event of the early morning hours al
though disturbances in which the
pickets of the strikers figured received
some police attention and twelve ar
rests had been made previous to 8
o'clock.
Observers at the mill gates reported
that there was no noticeable increase
in the number of returning operatives.
A crowd of 200 persons in addition
to thirty policemen witnessed the de
parture of the children. A police ser
geant demanded of the strike leaders
in charge of the party the name of
every child in the delegation. After
considerable delay the names were
forthcoming. W'hen the train reached
South Lawrence all of the children
were sent back to Lawrence again, in
order that the addresses of the chil
dren and the name of each parent
might be obtained.
This information being furnished
the children finally were allowed to
depart.
M'GIFFIN WILL FILED.
Property Consists of Home Which
Goes to Widow.
The will of John A. MeGiffln was filed
for probate here In the Shawnee county
probate court. Under the terms of the
wilL the estate valued at $3,380. is be
queathed to the wife. No administration
will be held.
McGiffin was for a number of years a
resident of Topepka. His estate consists
of the property in Topeka which had for
several years been the McGiffin home.
This property is willed to the widow,
Amelia W. McGiffin.
FILES OUSTER SUIT
County Attorney Simon Brings
Action Against Thomas.
Wants Clerk of District Court
to Give Up Office.
NEW AUDIT IS THE BASIS
Also Charged That He Tailed
to File Reports.
Statement Given Out by
County Attorney.
the
Ouster proceedings against Richard
L. Thomas, clerk of the district court,
were filed in the state supreme court
late Wednesday evening by County
Attorney Simon. Information based on
the county's special audit, charges
Thomas with misconduct of office on
six specific counts and the complaint
asks for the clerk's immediate removal
from office, pending the final hearing.
After a four days' conference, Coun
ty Attorney Simon and the county
board concluded that ouster proceed
ings wouid be the more effective method
of disposing of the trouble in the clerk's
office. With the filing of the ouster
suit, Thomas is forced to detend the
charges hurled at his office in the re
port of the special accountants. He
also faces removal from office pending
the final disposition of the case. For
these reasons, the ouster proceedings
were considered by the county officials
more effective and vital than a civil
action to collect from Thomas the
money alieged to be due and to bring
an action wherein tne county wouiu
have been forced to defend their own
audit.
With the information in the ouster
suit, is filed a certified copy of the
special audit. From the findings in
this report- County Attorney Simon
furnishes six counts on which he basis
his application for the removal of the
court clerk. On the first and second
counts, Simcn charges Thomas with
sundry violations of the penal code.
and recites the history of the audit, as
viewed from the impressions of tne
commisisoners. As a further reason
why Thomas should not hold office, it
s alleged that the clerk once offered
the county $5,000 in fees and later of
fered to deposit a $12,000 certified check
to cover any inaccuracies which might
be found in his office.
It is further charged against Thomas
that his official records show certain
errors, that he collected certain exces
sive fees of which the county asks
one-half and that the clerk's reports
were not filed with the county board
in such manner and at such times as
are prescribed by law. Further com
plaining, the county attorney insists
Thomas should lose his Job, because
he claims and holds fees in excess of
$3,000 a year. Simon denies that there
a controversy concerning the inter
pretation of the fee law. In his own
mind, the question is quite clear, and
the county attorney asks the courts to
demand forthwith possession of the
keys to Thomas' office.
Mr. Simon's Statement.
County Attorney Simon has given out
the following statement:
"At this time I have very little to 3ay
regarding the Thomas ouster suit. I
will reserve my statements for the
court when the case is submitted.
"Last Saturday when I returned from
St. Louis, where I had been taking
depositions in the case of Shawnee
county against Kelly & Kelly, I learned
that the special auditors had submitted
their report on the office of the clerk of
the district court, and the county com
missioners delivered to me for mv ex
amination a copy of that report.
"I went through this report very
carefully and from my examination I
was thoroughly convinced that Mr,
Thomas had been grossly derelict and
guilty of wilful misconduct in his ad
ministration of that office for the last
five years.
"Entertaining this opinion, my duty
was clear and there was but one course
for ma to pursue. The last legislature
passed an ouster law providing for th
removal from office of any corrupt
public official. As required bv that law.
I Informed Attorney General Dawson of
my intention of bringing this action
and laid all the facts in my possession
before him, and received his official
sanction and recommendation to begin
this suit.
"I have no personal 111 will against Mr.
Thomas. Our relations prior to the be
ginning of the special audit by the pres
ent accountants, were always the most
friendly. My official action in compelling
Mr. rnomas to submit to an audit by-
securing an order of the supreme court
to that effect, was not a pleasant one
and neither is te fihling of this ouster
suit a pleasant duty. But I feel that if
I did not take this action, I would be as
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Mix one pint of granulated sugar with
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Pinex, as perhaps you know, is tha
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No other preparation will So the work
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A guaranty -of absolute satisfaction, or
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(s7Loii ID
for many
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n
derelict in my duties to the people of
Shawnee county as I have charged Mr.
Thomas in the ouster suit.
"In my opinion the filing of this ouster
suit was rendered necessary not only to
protect the public interests of Shawnee
county, but also to protect litigants and
defendants who have heretofore been
compelled to pay extortionate and illegal
costs in the district court."
KEEP CONVICTS BUSY.
Plan
Explains Delay
Prison.
In Completing
St. Louis. March 7. William S.
Earaes, member of a local firm of
architects has denied his firm was
responsible for any delay or extrava
gance in the construction of the gov
ernment prison at Leavenworth. Kan.,
as charged in a complaint to Attorney
General Wickersham.
.More than $1,250,000 has been spent
on the work which, has consumed
thirteen years. The building has not
been completed and complaints by
congressmen to the attorney general
caused him to send Joseph F. Fish
man, of the department of justice, to
Leavenworth to go over the records.
Fames declared today his firm never
had charge of expenditures for the
building and that the delay was due
to the law governing the construction
of the building.
"The law for the construction of
government prisons'," he said, "directs
that prison labor shall be used as far
as possible. No contract is awarded.
The government buys the material af
ter advertising for bids and the work
is done by convicts under direction
from a few skilled workmen.
"The delay in construction is inten
tional. The purpose is to keep the
men in the prison employed and ap
propriations are made to supply just
enough money to keep the work go
ing from year to year."
Have you been Aetnalzed?
FRENCH PRINCE SUED
On Bill for Jewels Bought When lie
Married Heiress.
Washington, March 7. Echoes from
the marriaee of the Prince De Bearn
of France to Miss Winans of Balti
more, in 190 5, were heard toaay m tne
supreme court of the United States,
where alleged creditors of the prince
are seeking relief. Three brothers of
the Drince claim damages from him
for the alleged breach of agreement in
selling certain land in France.
Jean Baptiste Chaumet, a .fans
jeweler, complains that he has not
been paid for J20.000 worth of jew-elry
sold the prince on the eve of his mar
riage to Miss Winans. The four sought
to attach certain railway bonds given
by Ross Winans to his daughter on
her marriage and alleged to have been
willed to the prince by his wife, now
deceased. A claim to these bonds was
made on behalf of the children of the
.marriage.
Have you been Aetnaized? '
eginning today it will be pos
sible for ALL telephone subscrib
ers in Topeka (both the Bell and
Independent) to use the Long Dis-
of
telephone station.
toll
you
service anywhere without the in
convenience of having to go to a
particular telephone for such ser
vice. Give Long Distance your call
and Long Distance will do the rest
PRIZE FOR GARDENS.
Garlinghou.se "Urges Planting of Pota
toes on Vacant Lots.
The Topeka Real Estate Dealers'
association has launched a movement
in the direction of gardening va
cant lots in Topeka, by appropriating
the sum of $17.50 to be used in three
prizes by the managment of the city
schools to stimulate interest in back
lot gardening among the school chil
dren. Furthermore, George Garlinghouse
read a paper in which he advocated
municipal gardening in Topeka.
"Topeka is an Indian name, meaning
'Good Potato Patch,' he said. "Fifty
years ago Topeka was in the heart of
what was known to the whole world
as the Great American Desert, new
she carries the honor of being the
capital city of the greatest agricultural
state in the world. Now if the Indians
over 50 years ago knew that Topeka
was a 'good potato patch,' why should
we who claim our intelligence far su
perior to that of the Indian not ap
preciate the same fact?
"Nearly one-half of the area with'-n
the limit of Topeka's boundaries i'
composed of vacant lots. We are con-
No young woman, in the joy fit
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health of both herself and the coming
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she bestows upon herself during the
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ERADFULD REGULATOR CO., AtiaaU, Ga,
EC
0UNCEMENT
both the systems
service has arrived,
use Long Distance
stantly crying 'Greater Topeka,' 'To
peka the eBautiful,' etc., at the same
tima making no effort along the lines
of least resistance, and most affective
methods for beautifying our city. What
is more disgusting and unsightly than
a patch of noxious weeds and a nota
tion on our tax receipt of 50 cents per
lot for moving them? On the other
hand w-hat is more beautiful and in
viting than a well kept lawn, or beau
tiful flowers, or a thrifty field of pro
fitable plants of any nature?
"I would suggest that the matter be
taken up with the city commissioners
and instead of having a weed cutting
department as now exists which is ex
pensive to property owners and of no
benefit to any one, that we convert
the mowing machines into plows and
reap the profits of the crop.
First, there should be a superintend
ent of gardening whose duty it wou'd
be to oversee the whole gardening de
partment, or it might be handled as
a gardening department through th
park commissioner. Then let the super
intendent have as many assistants as
necessary."
PERKINS VISITS T. R.
Ostensibly to Carry a Letter From
Senator Dixon.
Oyster Bay. N. Y., March 7. -Geo.
W. Perkins, former partner of J. P.
Morgan, has paid a mysterious1 visit to
Theodore Roosevelt here. Mr. Per
kins's supposed activity in behalf of
Colonel Roosevelt and his connection
with the International Harvester com
pany have furnished campaign mater
ial for the colonel's opponents since
he declared himself willing to accept
the presidential nomination.
Mr. Perkins slipped inconspicuously
into Oyster Bay late in the afternoon.
All that was seen in the village was
a high powered limousine which sped
through the snow at such a clip that
no one could tell who was within.
All that Colonel Roosevelt would
say of the visit was that Mr. Perkins
came as the bearer of a message from
Senator Dixon, the colonel's campaign
manager. When he was seen the col
onel said he had received a telephone
message from his secretary in New
York saying that Senator -Dixon would
pass through New York between 9
and 12 o'clock and would like to see
the colonel. Senator Dixon could re
main in the city three hours, it was
said. Colonel Roosevelt replied that
he would be unable to go to town to
see the senator. He was then told, he
said, that Senator Dixon might send
a message to Oyster Bay.
When it became known that Mr.
Perkins had gone to Sagamore Hill,
Colonel Roosevelt was asked whether
he cared to say anything as to the ob
ject of the visit. He sent back word
that Mr. Perkins had come from New
York with a message from Senator
Dixon and after a visit of a few min
utes, had started back for New York.
The colonel added that he would say
nothing else in regard to Mr. Per
kins' visit. Later in the evening, he
said, he might receive another mes
sage from Senator Dixon, but he de
clared in advance that if such a mes
sage came he would have nothing to
say about it. .
my!
Real
WHERE PEOPLE CHOOSE
LaFollette Will Center iris Fight In
Presidential Primary States.
Washington, March 7. LaFolfette
forces will concentrate their efforts on
North Dakota, California and other
states where direct presidential pri
maries soon are to be held. It was an
nounced today. Senator LaFollette has
no intention of abandoning the field to
the Taft and Roosevelt forces. It wn
said, though he Is at present taking n
active part In the campaign. Walter L.
Houser, director of the LaFollette fight,
now is in California and telegraphed
today that LaFollette delegates would
be put up in every district in the state.
Similar fights will be made In Ne
braska, South Dakota, Oregon, New
Jersey, Wisconsin and North Dakota,
according to Mr. Houser.
The North Dakota primaries will l
held March 19.
Hodrginan to Have fiood ltoatl.
Jetmore, Kan., March 7. The county
commissioners of Hodgeman county voted
at their last session to lay out a county
road extending the full length of the
county from east to west. Work will be
begun as soon as the route la established.
This road will connect with similar road
in Pawnee and Finney counties.
Have you been Aetnalsed?
ACKNOWLEDGE IT.
Topeka Has to Bow to trie Inevitable
Scores of Citlaens Prove It.
After reading the public statement
of this representative citizen of To
peka given below, you must coma to
this conclusion- A remedy which cured
years ago, which has kept the kldneya
in good health since, oan be relied up
o nto perform the same work In other
cases. Read this:
Calvin Brewer, 685 Hadfaran mt-, To
peka, Kan., says: "I was an engineer
on the road for fifty years and my
kidney trouble was caused, undoubted
ly, by the constant jolting. I was In
uch bad shape after I left the road
that I had to use a cane to get around.
My back was constantly racked with
pain and I was so lame that I could
hardly stoop. The kidney ecretlona
were also irregular In passage and my
whole system was run down. Doaa'a
Kidney Pills were finally recommend
ed to me and I decided to try them,
procuring my supply at Rowley's Drug
Store. The contents of two boxes
cured me. Although I am sixty-six
years old, I am in good health."
(Statement given Nov. 12. 1908.)
RE-ENDORSEMENT.
On April 21. 1910. Mr. Brewer add
ed to the above: "You are at liberty to
continue the publication of my former
endorsement of Doan's Kidney Pills."
For sale by all dealers. Price 50
cents. Foster-Milburn Co., Buffalo.
New York, sole agents for the United
States.
Remember the name Doan's .
and take no other.
J