The Butte inter mountain. [volume], June 04, 1901, Image 1

About The Butte inter mountain. [volume] (Butte, Mont.) 1901-1912

Image provided by: Montana Historical Society; Helena, MT

                
The Butte Inter Mountain.
VOL. XXI. NO. 63
Showers Tonight.
BUTTE. MONTANA, TUESDAY EVENING, JUNE 4. 1901.
Wednesday Weather.
PRICE FIVE CENTS
— - * .......
SALVATION ARMY
Hatlinglon "Booth Will JVol MaKfi Peace _ __ w f _
wm hu Fer ,h. souu VOL,l iNTEER ARMY
««S8*ÄXÄ*Ä*Ä*****««*««JgXX**%Ä*****X*XJ8$*%»Ä**J8***»*X*XXX******$*36X**XJS38X««XÄÄ»Ä*38**Ä*36XXÄÄ*XXy
05
New York, June 4.
—Ballington Booth,
the founder of the
Volunteer Army, de
nies that a reconcil
iation Is about to
be effected between
himself and his fa
ther, General Booth,
head of * the Salva
tion Army.
two movements are the Volunteers and
Bo at variance that the Army had been
a combination of the made '
Volunteers and the
Salvation Army The trouble be
would be Impossible.
Sunday the tv
armies united
mission services d
perhaps I will p
illington's) child
a when he visited
;re last year. It
deved the General
-.reatly.
§*%%%%%%%%%%%%%%%%%%%%%%%%%%%%
over the fact that Stltution for the Sunday the tv ^ illington's) bhild- and his daughters
B a 1 Ungton Booth world. There was a armies united ' a when he visited in-law, without one
tried to do many difficulty over this-" mission services a ;re last year. It exception.
things outside of the "Ballington Booth ÆÊÊÊ^. Pf r . ha P s 1 l ' a ? U J A; devad the General A"Butte people will
____ , tlolpate with tl ^ .reatly. remember Eva ne»«
tween Ballington * regulatlonS ' hot contented . next Sunday. A -, mÆËÊk' "ne Boolh daughter
Booth, the first born ll Th * Army ï lth the rank of ÈÈÈIêE^I "We cannot of 14 ,s tru ® a1s0 of the General who
Commander Booth son of General and f 1 m eant for the whole o m m ander but divulee the ** hiat B a Uington hag p ai(J two V j slts
[Tucker, who mar- Mrs. Booth occurred world-all countries ««"aSeralïoî * ecret * of our or * son's^name from to this city. She is
rled Emma Booth, some five years ago. V -all flags. Balling- * me riea • of cou™« Sanhatioa but tve ZLm The hi Vith her father
second daughter of The officers of the \5 JR* ton Booth was Com- to thj „ ' h ° C *11 have printed ^ingbeennamed heart and soul " hile
the General and who Ration Army ta N|HHr mander In America cf)uId not accede . So copies of all the let- for the general, to * t ' 11 lovin * hef
succeeded to the po- Butte say that there an<1 he commenced ä b h .. ters which passed one selec t ed bv h ., brother and deplor
sltlon vacated by will be no reconci - ~ placing the Amert- Bmlington has aL between General X, Thete acts do ing their differences.
He says that since Evangeline Booth ® al " ngt 5 n , h B 4 °° th : o"n B o o^h BalUngton 80041 ca " fla * and ° the * Ways been the a*- J ~ , Booth and Balling- riot sound very General Booth. ^ ! s * a ",j lk
. .. , .. , ... * *»ead of the Army 1 i n g t o n B o oth emblems on Army ^ and hla fa _ Booth Tucker, ton Booth and so rhristian likp entire family,
his father left this f ' n America, also de- makes full repara- heard nothing of the literature and In- J£ er has f , hj we know where the lleast that is ' w hat seems to show that *' The Salva ' l0 «
country he has not ïonomunlcatlon fiom n j ed the 9 t 0 ry of tlon for his unfll- overtures of Bal- struments. To this, . . . . . founding the Vol- fault lies. „ f . „ . .. a the General is in the Army Is well estab
heard from him nor Booth Hibborn. He reconcilliatlon. He lal, un-chrlstlanllke Ungton and seem in- naturally, his father n 1 aeepij. unteers of Amerlca- "1° , bblk right when he has lished here while the
fmm n t ui- „ . . , . stated that no pro- conduct and makes clined to discredit objected, telling him "Ballington took . ' "Yes, we have y ' with him the sup- Volunteer Army has
y concluded by saying poga i either secret an ample apology to it. that it was not a the iirst steps and T erc ls no contro ' heard that Balling- "As for' the fam- port, love and affee- only es tablished
brothers or sisters, that the government or otherwise for the his father, the gen- Said one of them: purely American In- speeded from the versy between these ton refused to allow iiy and in whom tion of all his child- headquarters during
save only a personal and principles of the amalgamation of eral. They have "The trouble arose stitution, but an In- Salvation Army, two bodies. Last his father to see his thiey believe, it ren, his sons-in-law the past month."
TWO LUKE STEAMERS RACE FOR
The City of Erie Beats the Tashmoo in
the One Hundred Mile Bash From
Cleveland to Erie—Both Vessels
[ Stuck Close Together for the
I Entire Distance—Victor Only
Had a Minute and a Half
to Spare. t
(By Associated Press.)
Cleveland, O., June 4.—Stripped of
everything that would unnecessarily
catch thé Wind,the twd large modern
eidewheel passenger steamers, City of
Erie, of Cleveland, and the Tashmoo, of
Detroit, lined up for their great hun
dred mile dash from Cleveland to Erie,
to decide the speed championship of the
Great Lakes.
The City of Erle won, rounding the
stakeboat 1 minute and 34 seconds ahead
of the Tashmoo. The Erie led for most
Steamboat men from many lake ports
gathered to see the contest. Special ex
cursion boats from Cleveland, Toledo,
Erie, Buffalo and smaller ports took
large loads of passengers to points along
the course. Throngs of curious people
also gathefed along the lake shore to
catch a glimpse of the races.
The day dawned bright and clear with
light southwesterly breeze stirring a
gentle swell. Long before starting time
Cleveland harbor was alive with craft
atyd the wharves were black with peo
ple. Whistles blew, bells rang and the
din was deafening as the two magnificent
racers, all aglisten In the morning sun
light steamed up to the stakeboat. The
patrol boats busied themselves keeping
the course clear.
Apparently both boats were evenly
matched. The Erie Is 324 feet over all
and 78 feet beam, against Tashmoo's 320
feet length and 70 feet width. The Erie
was built to make fast schedules be
rhe Constitution Loses Her
Rigging In a Squall at Sea.
(By Associated Press.)
Newport, Rhode Island, June 4.—The
defender Constitution was dismasted
die on her trial spin this afternoon.
I'he accident happened while the
cht was off Brenton's Reef lightship
out three miles out from Narrangan
t pier, about 2:15 this afternoon. To
appearances the Constitution ts
dly crippled. From the shore the main
ist appeared to have broken about
If way up. The boom swung to the
: side and the main sail and rigging
tried over board.
rhe tender Mount Morris took the
institution In tow and headed for
ïwport.
rhe wind was blowing strong from
e southwest when the mast went
wn. Just what caused the accident
is not apparent from the shore. It ls
lieved none of the rigging was lost.
The collapse of the Construction's
51 st was much similar to the accident
rtieh befel the Columbia two years ago
it far from the same locality as that of
r»day. As the yacht was rushing along
Ithout apparent warning the mast bent
a point about half wav »p and in
flash the topmast and its canvas, the
The Amalgamated's Offer to the Butte & Boston and Boston & Montana Stockholders.
Stockholders of Butte & Boston Con
aolldated Mining Co., and the Boston &
Montana Consolidated Copper and Sil
ver Mining Co. have received a circular
from Kidder. Peabody & Co., giving the
terms of the proposed consolidation
v.ith the Amalgamated Co. A meeting of
the directors of the Amalgamated com
pany has been called for Thursday at
which time the Issue of the necessary
Block to purchase the Bute & Boston
and Boston & Montana shares will be
authorized.
The circulars are worded alike with
the exception of the terms of the pro
posed exchange, the one addressed to
Butte A Boston shareholders offering
chare for share and the one to the Bos
ton & Montana men offering four shares
of Amalgamated for one share of Bos
ton A Montana. The circular to the
Boston A Montana shareholders reads
as follows:
After obtaining the views of some
of the large stockholders of your
company as to price, we have, sub
ject to your approval, made an offer
to the Amalgamated Copper com
pany. which will enable us, if said
tween Cleveland and Buffalo under all
conditions and has twice the power of
her rival. The Tashmoo was made for
river works, drawing much less water
than the Erie and is built like a cigar,
with a sharp tapering prow.
It ls estimated that over $100,000 will
change hands as a result. The betting
is even, ranging from small sums to
thousands o fdollars. The Cleveland
and Buffalo Transit company has depos
ited $1,000 on the Erie against a like
sum put up on - the Tashmoo by the
White Star people.
Just 'before the boats started the wind
veered around to the north and the rac
ers had a seven mile breeze against their
quarter boats. When the starter gave
the signal the steamers were at a dead
stop and on even terms.
Much to the surprise of the spectators
the Erie was the first to gain headway
and crossed the stakeboat line, fully two
lengths ahead of the Tashmoo.
The Detroit boat, however, gradually
drew up on the Erie and as they disap
peared from sight, three or four miles
eastward, the Tashmoo had overtaken
the Cleveland steamer. The Erie cross
ed the starting line at 9:37:56 and the
Tashmoo at 9:38:31 (official time.) Off
Nottingham, five miles east, the Taah
moo led by one length, the Tashmoo ap
parently slowly gaining. However, a
carrier pigeon from the City of Erie off
Willoughby, about eighteen miles, says
the boat leads toy one length.
At Flrboro, twenty-eight miles east of
the starting line, the City of Erie led- by
nearly a quarter of mile. The boats
were both steaming at terrific speed.
Oft Ashtabault harbor, about sixty miles
from the starting point, the City of Erie
led by about a length and a half.
gaff and all the upper works were in
the water dragging alongside the yacht,
The next moment tlîe crew was
clambering over the wreckage.
The Mount Morris was quickly along
side and set to work gathering up the
broken rigging and water soaked canvas.
After that had been accomplished the
Mount Morris took aboard a line and
started with the sorry looking craft
dragging behind her. It could not be
determined from shore, but the impres
sion Is that no Injury was sustained by
any one. The Mount Morris and her tow
should be at Newport by five o'clock.
Infatuation and Suicide.
(By Associated Press.)
Lincoln, Nebraska, June 4.—Albert
Brink city solicitor for a wholesale
grocery house, and Mrs. Mabel Walker
took poison at Brink's room at a hotel
in an effort to commit suicide. When'
found at 1 o'clock this morning the wo
man was dead. Brink may recover. He
is In custody. Mr. Walker, who is
agent for an eastern publishing house,
is absent from the city. Brink says the
dead woman and himself were infatuat
ed; that she challenged him to die with
her and they swallowed cocaine with al
corol.
offer ls accepted, to deliver to you
four shares of Amalgamated Cop
per company stock for each share
of Boston A Montana stock owned
by you. No action has yet been
taken by the Amalgamated Copper
company upon this offer, as that
company has requested further time
to enable us to investigate more fully
the value of the properties, and de
termine upon the advisability of ac
cepting the same.
The directors of the Amalgamated
Copper company have called a stock
holders' meeting for the sixth of
June to pass upon our offer, and, if
it Is accepted, to authorise the issue
of the necessary stock for the pur
pose. As there has already been
considerable delay, owing to litiga
tion In New Jersey courts, we con
sider it highly desirable, in order to
avoid further delay, that we should
be in position to conclude an ar
rangement with the Amalgamated
Copper company, in case our offer
is accepted by the stockholders of
that company.
AU of the large stockholders qf
Union Pacific Interests
Have Defeated Senator
Clark's Railroad Scheme.
%
X The belief that Senator Clark was backed by J. J. Hill in his project
X to build a line from Salt Lake City id Los Angeles is now well substan
X tiated. It transpires that Senator Chirk decided to abandon his plans
X immediately after the Harriman-KuhB, Loeb party secured a controlling
X interest in Northern Pacific thereby being enabled to dictate the policy
X of the Burlington.
X The Burlington's lines now extendto Lyons. Colo., a point between
X Denver and Cheyenne. Hill's plan w*i to build westward to Salt Lake
X City there connecting with Senator Clark's (or rather his own) road,
X running to the coast. No sooner had Union Pacific gained a voice in
X Northern Pacific affairs than all efforts to gain an extension to Los
X Angeles ceased.
X Union Pacific already has an entrnnee to Salt Lake City and has a
X line built to Uvada. Within a year'Union Pacific will have a line di
X rect to Los Angeles on the western epast. A complete survey of the
X ground has been made and construction work is being rushed with all
X possible despatch. President Burt 1# on the scene.
X It will thus be seen that the victory of Harrinian in the Northern Pa
X eifle fight was of far-reaching Importance affecting as it does the rail
X road map of the entire country.
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ONE HUNDRED MILLIONS IN NEW
BONDS FOR THE UNION PACIFIC.
Enormous Additional Capital Listed
With the New York Stock Exchange
—Short Line, Southern Pacific and
Other Valuable Securities Are
Fledged—Entire Amount Has
Been Subscribed.
(Special to Inter Mountain.)
New York, June 4.—The governing
committee of the Stock Exchange, has
decided to place on the regular list on
June 10 the $100,040,000 first lien con
vertible 4 per cent gold coupon bonds of
the Union Pacific Railroad company,
concerning which there has-reee n t:y been
a great deal of comment in financial
circles. The collateral deposited with
the trustee of the mortgage, the Mercan
tile Trust company, is described as fol
lows in the company's application for
listing:
$ 1 , 000 , 000 , par value, of the capital
stock, being the entire amount thereof,
of the Leavenworth, Kansas and West
ern Railway company, upon the railroad
of which company (165.35 miles) no mort
gage exists.
$75,000,000, par value, of the capital
stock of the Southern Pacoflc company.
$27,334,700, par value, of the capital
stock of the Oregon Short Line Railroad
company, being substantially the entire
capital stock of that company.
$7,663,500, par value, of the common
capital stock and $9,876,200, par value, of
the preferred capital stock of the Oregon
Railroad and Navigation company, be
ing a majority of the entire capital stock.
$4,706,000, face value, of the first mort
gage gold bonds of the Union Pacific
Coal company, dated May i, 1891, and
maturing May 1, 1921, with interest at
the rate or 5 per cent, payable semi
annually.
The statement announces that the en
tire Issue of $100,000,000 of the bonds
has been disposed of, $40,000,000 of them
having been sold at par for the ourpose
of providing for the payment for the
750,000 shares of Southern Pacific stock
acquired by the Union Pacific a few
months ago.
your company, whom we have con
sulted on the subject, have consent
ed to exchange their Boston A Mon
tana stock upon the basis of four
shares of the capital stock of the
Amalgamated Copper company, of
the par value of one hundred dollars
each, for each share of the stock of
your company; the necessary stock
of the Amalgamated Copper com
pany to be provided by an increase
of its existing capital.
If you consent to the exchange of
your stock for the stock of the Amal
gamated Copper company upon the
basis above stated, please sign and
return to us, on or before T"-e 6 . 1901, .
the blank which we enclose to you,
and also present to us our receipts
seid by you for proper endorsement
thereon.
If for any reason you should not
desire to make the exchange upon
the basts above mentioned, we will
at your request return to you the
stock deposited, unless you should
notify us on or before June 6 , 1901,
of your desire to sell your stock to us.
at three hundred seventy-five dollars
per stars; and in case of O'* receipt
Money Will Probably Be Used in Push
ing to Completion the New Line to
the Pacific Coast and the Purchase
of Northern Pacific Control
Acquired During the Recent
Raid on JameB J. Hill.
As to the remaining $60,000,000 bonds,
the statement is not definite, merely
saying that "the proceeds derived from
the disposition of the entire issue of the
bonds have been or will be used by the
company for lawful corporate purposes,
as contemplated in the mortgage.'' '
It is understood, however, that the
proc-eds of the $60,000,000 bonds are to
be, or have already been, applied to the
acquisition by the Union Pacific Rail
road company of the Northern Pacific
stock recently purchased by Kuhn, Loeb
A Co., acting for the Union Pacific might
fig ure in the list of collateral for the
$104,000,000 bonds, but no reference to the
Northern Pacific Is apparently made
-anywhere in the statement submitted to
the Ftoek Exchange.
i- According to the statement, the rail
road '■ompany reserves the right to with
draw any and all securities pledged
under the mortgage, or to require the
trustee to release any and all lines of
railroad mortgaged (total mileage, 1,024)
upon payment to the trustee in cash or
in bonds issued under such mortgage,
taken at their face value, of an amount
equal to and at the rate or the valuation
attributed or affixed in the martgage to
the securities so withdrawn and lines of
railroad so released.
For the purposes of such withdrawal
or release the securities originally de
posited under the mortgage of substi
tuted by the company, except the South
ern Pacific stock (the securities which
-inay he substituted for which ahe stated)
are to have a valuation of par; the
Southern Pacific stock is reckoned at 50,
"any securities or property purchased by
the trustees and held by it as further
security' will be figured at the net price
paid by the trustees, and the lines of
railroad subject to the lien of the mort
gage are valued at $ 20,000 a mile.
Iiy us of such notice on or before
June 6 , 1901, we will pay you that
sum for your Boston and Montana
stock, If an exchange of stock with
the Amalgamated Copper company is
effected in accordance with our offer
to that company.
In case you consent to exchange
your stock for the stock of the Amal
gamated copper company, all div ! -
ilemls declared upon the stock or the
Boston and Montana Consolidated
Copper and Silver Mining company,
pending the delivery of the stock of
the Amalgamated Copper company,
will be paid to you, as von- shares
will not be transferred except upon
receipt by us of stock of the Amal
gamated Copper company in ex
change.
KIDDER. PEABODY A CO.
Boston.
In the Butte A Boston circular, it is
_.ated that In case the shareholders do
^ot wish to exchange their shares for
gn equal number of Amalgamated shares
they will be paid $92.50 per »*»».re If It is
go desired.
The clause in the Amalgamated an
CABINET DECIDES ACAINST
EXTRA SESSION OF CONGRESS,
Authority to Govern the Philippines
Already Vested in the President by
the Spooner Amendment Is Re
garded as Sufficient-—No Emer
gency Exists for Calling Na
tional Law Makers To
gether. *
(By Associated Press.)
Washington, June 4.—The cabinet to
day unanimously decided that existing
conditions do not warrant the calling of
an extra session of congress this sum
mer.
Secretary Root and Attorney Knox
both rendered legal opinions to the ef
fect that authority to govern the Filip
pines vested in the president by the
Spooner amendment was ample. These
opinions were concurred in by all the
members of the cabinet.
The decision of the cabinet was an
nounced after the cabinet meeting in the
following statement Issued by Secretary
Cortelyou:
"The president has determined that
existing conditions do not require or
warrant calling congress together dur
ing the present summer or making any
change In the policy hitherto pursued
Mrs. McKinley Rests Well,
But Shows No Improvement.
(By Associated Press.)
Washington, June 4.—Dr. Rixey called
at the white house this morning and re
mained about half an hour. It ls re
ported that Mrs. McKinley passed a
fairly comfortable night, but her con
ditions show na improvement. Drs.
Johnson, Sternberg and Rixey were in
consultation over an hour at the white
house this forenoon. At 11:40 Secretary
FEDERATED MINERS ENDORSE
THE NEW POLITICAL PARTY.
l
(By Associated Press.)
Denver, une 4.—The conventionn of the
Western Federation of Miners today
adopted by a nearly unanimous vote the
resolutions sent over from the Western
Labor Union convention in favor of or
ganizing a political labor party. It was
determined that the Federation should
have an attorney retaimd by the year
and his appointment was left to the exe
cutive board. It was also decided that
the members of the executive board could
act as an auditing committee and exam
ine whatever bills they liked.
Speeches were made favoring Denver
as the headquarters of the Federation on
the ground that property here would fast
rise in value an -1 the investment would
be profitable- Salt Lake City is Denver's
only competition for the headquarters,
which are to be removed from Butte.
This afternoon the Western Labor
Union will elect officers and choose head
nouncement that has attracts most at
tention is the paragraph which prom
ises to shareholders of Butte and Mon
tana all dividends declared prior to the
absorption of these companies by the
Amalgamated.
This clause is construed hv some into
a promise to pay dividends on each
before the consolidation is consummated.
It would seem that if there is to tie a
dividend on one stock that there will
also be one on the other.
The last dividend on Boston A Mon
tana was paid on May 20. t-qis was a
regular quarterly dividend of $5 and an
extra of $5. The first and only dividend
on Butte A Boston was paid on Decem
ber 10, 1900. At that time it was be
lieved that the company had gone on a
quarterly dividend paying basis.
Boston & Montana shareholders under
the plan get for each share of stock four
shares of Amalgamated. Amalgamated
ls at present paying dividends at the
rate of $8 per annum on par. Last year
Boston & Montana shareholders received
$43 in dividends.
On the basis at which they go into the
Amalgamated company they wlli teceive
$32 per share. This, at first glance.
and announced in regard to the Philip
pine Islands.''
It can be authoritatively stated that
the Dingley rates upon goods from tha
Philippines entering the United States
will remain in force as heretofore. The
president will put Into effect such
changes in the tariff duties on goods go
ing into the Philippines as the Taft com
mission may recommend. The establish
ment of civil government in the archi
pelago can proceed without interruption
as soon as the military authorities con
sider the time ripe for its establishment.
The attorney general and the secretary
of war have had several conferences,
and although the attorney general would
not Indicate what conclusion they
would probably reach, he said their
views thus far were in complete har
mony and reports that there had been
a disagreement between them were ab
surd. Secretary Root said the same.
Members of the administration all
agree that the postponement of the es
tablishment of a civil government in the
Philippines ls to avoid it if possible to
do so. . . The administration wishes to
avoid any interim when it would be im
possible to collect duties coming from
the Philippines or collect customs du
ties in the Philippines for the support of
the island government.
Cortelyou gave out the following state
ment:
"Mrs. McKinley's physicians report
that she had had a comfortable night
and that her condition has not materially
changed since yesterday."
Dr. Rixey called at the white house
this afternoon and remained about five
minutes. He reports that Mrs. McKinley
was resting easily.
quarters. Then the convenntion will ad
journ. Many of the delegates will vis!
Colorado Springs, Salt Lake City am
other western points. The contest fo
the presidency is between Daniel McDon
aid, the present incumbent, and W. J
Pelletier of Butte. Next year's meetinj
will be in Denver.
It was decided this morning to raisi
the per capita tax from seven to tei
cents a month to each member and thi
Butte Reveille was declared the officia
organ of the uni >n.
Hu '■stan Losses in China.
London. June 4.- Th ■ llxchunge Tele
graph company has published a dispatcl
from St. Petersburg sa.v-ng that the Rus
sian casualty list in China, includini
the storming of Pekin shows thirty-om
' officers and 3S2 men killed or dier o
1 wounds.
I
hardly appears favorable to Bottoa A
Montana shareholders, for tlicy sacrifice
ill per year, providing that last year's
dividend rate on Boston A Montana
were to be maintained.
Provided that the dividend rate on
Amalgamated is to be increased, say to
10 per cent, per annum, however, then
tin- transfer becomes a more équitable
transaction. That tliis —xvI'll be done as
soon as the transfer is completed seems
to be the most logical conclusion to draw.
Tile largest stockholders of both com
panies have consented to the sale on
these terms.
Depositors consemitig to the exchange,
on the basis stated, must notify Kidder,
Peabody A Co., to that effect by signing
and returning a blank whlen has been
sent to them, and also present the firm's
leceipts for endorsement.
The depositor who does not consent
con receive his stock hack, or accept
the iiri.e of $92.30 per share for Butte
and $375 for Montana, in cash.
A!', dividends declared by cither the
Butte A Boston or Boston & Montana
companies before the actual delivery ol
liie Amalgamated stock will go to preo
ent holder*