OCR Interpretation

The Helena independent. (Helena, Mont.) 1875-1943, November 14, 1891, Morning, Image 3

Image and text provided by Montana Historical Society; Helena, MT

Persistent link: https://chroniclingamerica.loc.gov/lccn/sn83025308/1891-11-14/ed-1/seq-3/

What is OCR?

Thumbnail for 3

, I* y of 'Iwt
Rh. Latter Not Antagonistio to
AlU the Rst of the
na SFact One of Them Makes Out That
Hie ClisH Are Marvelously Proper
NRaw Oaaure, Oct. 18. - During the
lecopd day's proceedings of the moet.
.sma of the American Bankers' assooi
ation, George Rutledge Gibson, banker,
of New York City, read a lengthy
paper on Wall street, in which he
dealt with the utilitees and ethice
of speculation, the stock exchange as an
economic factor and international finance.
Discussing the community of interest be
tween Wall street and the farmer, Mr.
Gibson said: '"ome demagogues have
sought to create the impression that thefe
resides in Wall street a moneyed interest
antagonistic to all eesotonsof. the eguntry,
and thrivin4on the nmiefortunse of ail.
This sl so rioloulosly false that I rsaely
have but to state the ficts to ineure an im
mediate denial of such mislpadina aser
"When a killing frost blights a farm in
the northwest, or a destructive flood sti-'
maerges a plantation- in the sdath, Wall
etreet takes immediate note of the fact,
and if general damage be done to either
seetion, all' the railway and other corpor
ate properties located therein whose shares
are held or dealt in are immediately depre
ciated in value. The destruction of prop
erty by the 'great Chicago fire was esti
mated to have depretiated stook exehange
securities $200,000,000. On the contrary, if
crops are" large and prices of farm pro
ducts high, the values of these properties
reflect the prosperity of the agricultural re
glons. It is sometimes alleged that a cor
ruption fund exists it Wall street, de
signed to promote legislation hostile to the
country. This is palpably absurd, for
nowhere is to be found a wider diversity of
views as so political and financial measures
than within the purleus of the stock eox
change. Republicans, democrats, mug
wumps, free traders, protectionists, single
standard men,' bi-metallists, debtors and
creditors, all shades of opinion and senti
ment mingle there. There are some very
rich men who are purely creditors, and there
are some very poor men who are purely
debtors, but there as elsewhere most
individuals belong to both classes at the
same time. The banker and the broker
keep books, with the debit side balancing
the credit aide. The banker owes his de
positor about the sum total that the bor
rower owes the banker, and so it is with
the stock broker. His clients owe him and
he owes the banker. This business interest,
If it is to be paramount in determining
political opinion, keeps the Wall street man
evenly poised in mind and judicial in
"Doubtless there is agreement there,
however, that contracts should be kept,
that property rights should be' respected,
and that honesty should rule in all the re
lations of life, and not repudiation and
"Finally, the reflection should not be
overlooked that WAll street can adapt itself
to changed conditions more readily than
almost any other class of business, so that
it has no exceptionally powerful motives to
impose any of its ideas upon the country.
If legislation against capital and honesty
be passed, the capital will migrate as it did
from California when the hoodlum and the
sand-lot agitator exeroised their baneful
..ý. e.ý. ...,liking
"Wall street itself is largely composee of
brokers, who act as agents for their princi
pals, who may be a western farmer, a
southern plantor, a New England manufac
turer, as well as a local capitalist. The
shares of the great corporations are widely
distributed; there are over 22,000 stookhold
ers in the Pennsylvania road, or about one
eleventh of the total number of sharehold
ers in all the national banks of the country.
If the western farmer or the southern
*planter thinks thpt the railroad running
through his section is making more money
than it should let him economize and in
vest his accumulation in the property and
thus besome a beneficiary of its prosperity.
As a matter of fact, however, experience
and statisties show that the railway corpo
rations of this country have not acquired
an undue proportion of the reward. of in
dustrial and commeroial growth during the
past thirty or forty years. According to
"Poor's Manual," the total capital in
vestment in railroads in 1890 was $10,122,
000,000, the group earnings being 10.8 per
cent., and net earnings 3.4 per cant.
Thus over two-thirds of all the earnings
went to labor and supplies, the capital get
ting for its share less than 31a per cent.,
whereas in England, where lower in
terest rates generally prevail, the return on
railroad capital is 4.10 per cent. The re
ward of capital should be proportionate to
the risk Involved, and it is manifestly n
tyrannical abuse of legislative authority to
limit the itterest returns on the exploita
tion of new railway or industrial enterprises
to the rate currently received on old-estab
lished and tested forms of investment.
The truth is that labor and legislation have
been eneroaching so upon railroads that if
proper charges for maintenance were made
much of the present small aipparent profit
would be swallowed up. The western objetor
says that the railroad has "watered" its
stock; that' its original cost Is
fully represented by its bonded in
debtedness, and that the capital stock upon
which it would pay a dividend if it could,
is all fictitions and represents no value
expended. 'This is true perhaps in most
instances, but is it not equally true that
the western farmer bought his land orili
nally at a few dollars an acre, and that its
so-aslld "aunearned increment," i. e., in
crease in value, without any set of its own,
has been much greater, proportionate to his
expenditure and risk, than that of the rail
soad of which he complains? According
to the census reports, the average value of
farm land in Illr.ois, a typical state, so-.
lected at random, increased from $8 per
acre in 1850 to $20 per aere in .1800, and $32
per .ore in 1870. Thus it quadrupled in
value in twex n ty years. Many acres of
western laud nbw worth $20, $30 or $40 per
acre were purchased from railroad grents,
or from the state or governmenit, twenty or
thirty yeais ago, at $1.25 to $2.50 per acre,
"The St Peal Pioneer Press prepared
statements in October, based on inquiry
and investigaiton in Minnesota and the two
Dakotas, tending to show that the farm
lands in the northwest have appreciated in
value $200.000,000 sines the close of the crop
easeon of 18910. The inerease in valuatlon
is 10 to 50 per sent, and in. sonme instances
the value has doubled.
"Of course this is immedii elf' due to sa
periur crop and market :sen4..LouI. but the
railroad entered the territtoy thusi ocupied
by the farmer and g.vb a 'nai,ville to his
property, a value whlhe It ne.aer could
possibly have obtained ,frem any local de
mano d for the prodaOts railsd Ppon it.
"'Because Of this tornddrful railroad de
velopment and the nalveslodh :eabepness of
transportation, the European "produoer at
the mouth of the consumer cannot coolpete
with the American fa mer 4,000 miles awty.
Aqording to figores furnished me by Gen
erdI Hornes Portoe the freight rate here is a
trifle less than oes-half of that of England
aud about three-eighths of that on the son
tinent, while first-canss railroad travel is
about one-half the English passenger tariff,
and yet in labor and supplies the cost of
eperating a railroad here is vastly greater.
Therreereoaenyu forms of nervous debllityin
men that yeldh to the Use of Carter's ruon Pais.
' hose who are trolbled with nervous weakness,
1 ght sweats, eta, should try them.
[who gre of ofe
ih s.is'~ u I # ; 'Lfist 9f 1its
tr I ened the
oo wa it r but now the re
sr. only 5webtycvmen viOiade of the loath
somedisepa there, There are only two
female t the soleny, With the ezooption
of two negaroes, the wenty-seven are ol
Frenoh Acadian ektrsotlon, Who were re.
ferred to in Longfelowe 'Evangeline.'
"The lepers of the Plaquemine destriel
are isolated from the world as completely in
if they were on a little island in the middle
of the Palfelo ocean. They live. in rd
huts on abarren lieos of land near a Istle
bay just oft the Gulf of Mexico, and sub
1sat by eating deb. I atually believe they
do not eat anything else bnt faish and a few
berries from one year's end to the other.
The colony is twelve miles from an n ot.r
habitation--ta nearest house being on
John Diid'e sugar plantation-and nc
one rrev enture near the plaic, it is s0ec
" barren waste. When I regshae the place
I sound the isolated hluman beinge in the
oaft wretched state Imaaglable. The
clothts on their backswere rotten with age
and covered with vermin, bome of the
meo had old Ash nets wrapped around
thei bodies be cover their nakedness. None
,f Abe irlutretrlat.. in Dante by Dorm
ever Jr.rsented ans.ai| aiOrribleD eght as
witnessed in this leper colony in Amerisa,
'he cilotimy, so fat as I m ole.. jpdge, are
not an ignora.t lot, or rather would nol
be were they not so isolated from civilsi
zFtio., They earry on communicatlio
with one another in a language that i
prtly French and partly English. They
peotrlly have no aim in lift, andare
aolywaiting until death ends their misery
A burying ground is situated in one cornea
of the colony, and here the lepers are laidn
away when death call. them. There are
probably seventy-five graves there, hbut
nothing marks the spot where a body lies.
When a victim pnases away his old associ
ates quietly lay him in the ground, and no
fnrther attention is paid to the place of
bUrial until the next viotim suocumbs to
the ravages of the disease. And inthis way
existence at the colony will go on until but
one of the human beings is left.. When he
dies his bones will be left to bleach in the
sun, as no one in Louisiana will trouble to
bury him.
"Thhe ges of the lepers at the colony
range from 40 to 70 years, one of the men
being three score and ten. I asked the
wretehed-looking old creature a few ques
tions, and he informed mathat the French
Acadians at the colony were formerly resti
dents of Neva Scotia. When the French
Acadians fled from their old noseessions he
told methat several hund'ed or so took
refuge in Louisiana. LeproSy was preva
lent m N ova Scoti--there being a colony
there at the present time-and it is plansi
ble to seppose that the. diseasb was car
ried to the soutm by the togitives."--Chi
eaeso ribune.
Pronounced Hepeless, Yet Saved.
From a letter written by Mre. Ada E.
Hard. of Groton, 8. D., we qfote: "Was
taken with a bad cold, which settled on my
lungs, cough set in and finally terminated
in consumption. Four doctors gave me up.
aaing I could live but a short time. I gave
myself up to my Savior, determined if I
could not stay with my friends on earth. I
would meet my absent ones above. My
huosband advised me to get Dr. King's New
Discovery for consumption, coughs and
colds. I gave it a trial, took in all eight
bottles. It has cured me, and thank God I
am now a well and hearty womsn." Trial
boles free at R. B. Hale &Co.'s drag store;
regular size, 50,. and $1.
Excursion Bate Eauit.
The following low rates are in effecot vii
the Northern Pacific railroad:
From Helena to St. Paul, Minneapolis
Duluth and West Su.prior and return, $60
Heleqa to St. Louis and return, $75.
Helena to Chicago and return, $80.
These tickets are limited to three month,
and can be made to return via any direo
R1emember that the Northern Pacifia ii
the only line running solid vestibuled trains
through to Chicago without ohange of care
Gen'l Agent, Helena, Mont.
C eAs. S. FEE,
G. P. A T. A., St. Paul, Minn.
Thousands of Suffering Women.
Delicate women who complain of tires
feeling, pins in the back and loins, desire
to sleep, dizziness, painful or suppresses
menstruationa will find in Oregon Kidne]
'l'ea a faithful friend. Itcan be relied upo,
in every instance to give immediate reliec
from kidney and urinary troubles Thou
sands of women are suffering every dad
from some disorder of the kidneys or liver
who might be permanently cured by usini
Oregon Kidney Tea.
Wisdom's Violet Cream
Is the most exquisite preparation in the
world for softening and whitening the
hands and face. It is not only n substitute
for, but in every respect superior to glycerl
ine, cold cream, vaseline, and like prepara
tions. Try it.
In its First Stages.
Bo sase se Uyset the yenuteine,
- i
secar:im thine /twlurp eM tcnae i t tie
6.ie Franticse UfrOn (a.
"'tnde e5- hld bettrCiol e ton about to.e
we.ks; na it wyllt n uut te 'it thee r
tour d ays tha t he utcly tol aserio,,tun.,
At the bgi ofl ileMtsuet rd hose
didletees it atomshu dC6r6er. a.ter the
le passed nlcitly Away. llies eroded the lle
af one of the mart protlahsnt suez 9 Glutl.
(Orals," ILue thruia,,. of ethltort. u-,.
timely aeath wan tLe iesnultof sectlsag eatly
slymptoes f kidneOuy dlcelse.
are toubled with diabetes, srayel, or say do.
rangeaent of the kldneys or uyern orlg.N
Asa t delay ironer titstient ul . dre
forced to g o 4year dwely duties: i
waste your reass' c won.eMe.,s hteeln11
sad worse plaettes b! t tlite at thea o
the disease eitace i.y atiah t~e qr I
kaowa reete lteC tl
nTe. It [1a eiy ckta
lee u Vt ioske. h ,ol1c,.fI
1 vI
1'&r 0,uhtahMvr, -I, Oaiad)
*ool e safd 3a ShBlook.
'x -.1n e ooiuelaw pe
. t " , re iAcoart otir, 'a
A nou . hfnln o tlr, tn 9oannet a
elth en. . d% ii0 nlatea tto.oney genera.
Attorney and Conneem6l at law.
Masonto Temple, Holene. Mont.
Attrney and Counsellor at Law.
Will practice in a1 courrts of mema I tfoe
stt oce In (atld Block, Helena, Mont.
Civil and Mining Eaines
U. S. Deput.lMlneral Surveyors. Miermi pat.
Ct secuared orooate 12-1, Atke Bulding, h3.
ean, Mont.
Phyeician. lur.een, Aboonehor, Ouollet, Aurlr.
M eehebr of pas lranocs. Medical Society,
tles Nevada State Medical Soioty. Office o
Ihtn street. ov.,.nreUetiZ Jewelrm Store.
unrteon Dentist.
Ormo Houns-4 A, M. to 12:80 P. M. 1:80 to
6:80 P. M.
114 JrocdA i. Helena, Montana,
f1 F. C LAWYI$ ý_
Physiolcian and Surgeon.
SPECIAnIrEZye, Ear and Throat
Office: i0l8 Broadway.
DB.- B. 1 BARRI&
Office Holter Bleck.
Besidenees 1 8th anr
-via the
C, ST. P. M. & 0. Ry. C. & N.-W. Ry.
The Shertest sat rest Line Prem St. Paul
to Chicage, Seux OCity and Omaha.
Tho only line runlitig all it. Passenger Trains
in less than 14.huts between St Paul and Chi
cago, and while this ti se ia qusek. trains do not
have to run at ashlg:rate of s.tee to make their
time asnon other lines, becaunse thie line is shorter
than any other line.
"The'Pullman and Wegner Vestibuled Limit.
ed," sleaving St. Paul at 7:0 P. IM., makes the
trip to Chicago in 114 hkours. returning in 18
hoers and 21 minutes..
"The Daylight Exist,." leain.s .t. Paul at
7:4 A. 1.. makes the trip to Chicao in 18 hours
and 10 minutes, retlarfg in 1 hours and 4
This is the only line by which connections are
assured in Chilego withall fet lne trains from
Chiclgo to the east and sonth in the adorning
and at night.
Close donneetions are made at St.' Paul with
Northern Paoifo and Great Northerutrains.
For rates, maps, foldars, et..avl to
General Puassenger Agent. St Paul. Min.
Is the Fast Mail Short Line from St. Paul
and Minneapolis via La Crosse and Milwau
kee to Chicago and all points in the East.
.n States and Canada. It is the only line
under one management between St. Paul
and Chicago, and It is the Finest Equipped
Railway in the Northwe st. It is the only
line running Pullman Drawing-room Sleep
ing ears with luxurlousnsmoking-rooms, and
the finest dining-oars in the world, via.the
famous "Biver BankLRpute," along the
shores of Lake Pepin and the beautiful
Mississippi river to Milwaukee and Chica
go. Its trains conneit with those of the
Northern lines in the Grand Union depot at
St. Panl. No change of ears of any olass
between St. Paul and Chicago. For through
tickets, time tables, and full information,
apply to any coupon ticket agent in the
In acordanoe with the provisions of sec
tion eight of rules and regulations prescribed
1y by the honorable secrotary of the Interior,
dated IBy i, 1891, the undersigned, J. t,. Lane,
whose pootoffice address is Hozeman, Gallatin
county Mlotana, hereby gives notice, that at
the expiration of twenty-one dare from the first
publication of this nolice, he will make appli
cation in writing to the honorable secretary of
the interior for permission and authority to cut
and remove all merchantable saw logs suitable for
tanufacture into lunmber. onsistin$ of red and
ellow fir, white iine and spruce timber, upo
certain tracts of landa situated on tipaoish creek
in Gallntiu and Madison counties, Montana,
which are public lands and are as yet unsurveyed,
and described as follows, to-wit:
Commencing atthe month of gpianieh creek, a
tribhtary of said West Giallatin river, fnd cun
ning oup said creek on both aides a distance of
eight miles, and liosieg thereon about lO.U00lOt
feet of red and yellow tr and white pine timber.
The character of the above described land is very
ongh and imountainous and wholly unfit for
agrcultural purposes: minerals hanso been dis
covered 'n parts of said tlnd. Thie timber there
en is scattering, rough and tcrubby, tihe greater
portion of the best of it haying betin out and re
moved in .eara pact. 't'ie unh.rosr for which
timber will be used will be for sepplying lumber
of various kinds to the miners, farmers and
other residents of rallatin county, and the kind
of timber intended to be g s is such as is of suft
ieient size to make merchantable lumber.
J. (I. LANE.
SFirst publication Oct. 211. I91.1
Course of Iastroetion---l, College; 2. Collegr
Preparatory; t, lineiees: 4, Niormal: I, Music;: ,
Art. Also Instraction in Cormmon branches.
If®hend for ('atalonec to the rreesident,.
F. P. TOWER. A. M., D. D
Sccand Flor Herald Blillin,
3T..o Order.".
ZV&3* * UL J5 ad 1Di1 lPNU s I
For one week we will out Broadcloth to prices that will astonish
the wholesale dealer; but for one week only. Then they will return
to former prices. 'Tis a golden opportunity for ladies to procui~
that prince of genteel dress stuff at way down prices.
u I Imported Broadcloths Worth $1.15, This Week $1.40 =
W Imported Broadcloths Worth $2.50, This Week $1.95 g
- Imported Broadcloths Worth $3.00, This Week $2,40 g
f Imported Broadcloths Worth $3.50, This Week $2.05 ,
W Imported Bfoadcloths Worth $4.00, This Week $3.30 -
S Imported Broadcoths Worth $4,50, This Week $3.15 I
Silaptoded Ikoadcloths Worth $5.00, This Week $4.20 '=
4t the expiration of eight days these goods will return to their
qrigi al prices. 4 a.ay you to consider, and not neglect, espe
cialIf you opnteaie buying. We have a glorious stock, in fact,
too Fech. We beg ou improve the occasion.
Or4 r ive Prompm Attention. Conversation in French and German.
Never in the History of Helena have Books
been offered at such Slaughter Prices as we
announce for Saturday.
Webster's Unabridged
Dictionary, H1'alf Morocco Binding,
For Saturday only, 980
Dante's Inferno,
HIlandsomely bound, with Dore's full
page illustrations,
For Saturday only, $1.68
Milton's Paradise Lost,
Similar in binding to the above, and
with Dore's full-page illustrations,
For Saturday only, $1.68
Gore's Gallery of Bible
Illustrations. Publisher's price' $3.
9ur price
For Saturday only, $1.48
Remember that this is an entirely new stook fresh from the
press, and that they are genuine bargains, and not shop-worn,
antiquated copies.
m· m m |----·--- ·-- ·-r-·-m -mm. m . m. ..;.-- m..-~` m .-~- ~1~-~- -mm m . . ! mml m iL
Orieinal Chatterbox,
For the Little Ones,
For Saturday only, 580
Fairy Tales,
By Grimm. and Andersen, finely bound
and Illustrated,
For Saturday only, 480
Caxton, Aldine, Franklin
And Arlington editions, bound in cloth,
latest publications,
For Saturday only, 28o
Juvenile Books,
Over zoo different kinds, bound in
cloth, boards and paper, of all sizes and
prices, but all
Cheaper Than Ever Offered Before

xml | txt