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New-York tribune. [volume] (New York [N.Y.]) 1866-1924, February 19, 1897, Image 2

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same to-day as before the orgsnlsatlon of the
United States Rubber Company."
?Were there more men employed in 1892 than this
' "The year 189.' "as a prosperous year, and IK*
was a bad year."
"Then take IW?"
??'Veil 1S93 was a year of depression nnd panic
??Then vou admit that there were more men cm- I
ployed by the independent companies before the ,
consolidation than since"-'
"I have so stated." j
Replying to other questions, the witness admitted ,
'.hat the price of rubber shoes had increased since
:he consolidation, but he explained this once again
hv the statement that Hie quality of the goods ha 1
berr*. improved and the price of raw rubber had in- |
creased. ?
? 'New. explain. If you can. what caused the In
eraaSS IB prices of 20 to ll per cent'.''' said Senator |
Lexow. _ j
"I don't think that any such.lncrcase took place."
replied the witn'ss.
"Now. Mr. Flint, can you oxcufc a system that.
In violation of the natural ecojnomlc law. in a period
of dipression. of the closing down of factories an.l |
the dteehargtag cf workingmen, creates a condition
In which mu can Increase to the consumer the
pries of you. Roods from % to 44 per cent?"
"As I have already said. 1 don't think such an in?
crease ha* takes place."
"Hut if it cr. be shown that such an increase did
take place, would you say that such a system
should be tolerated?"
"A VKKY COMPLEX QCF-aSTION."
"That is a very complex question, that only men
who have had experience in legislation can deal
with."
"Mr. Searles has said here that it will take fifteen
years for his company to realise the benefits of the
economies adduced by comsolldation. Will the Rub?
ber Trust take as long as that?"
"1 say it might take a hundred years to realize
the last economy; but, as 1 have before stated, Hie
thousands of varieties of our products make it Im?
possible for us to realize economy ns quickly ns cor?
porations having only one product."
"Now, ls. it not rt fact that tho ultimate economy
which yoi-, lac- as probably occurring in a hun?
dred years will be reached so that the consumer
will have the benefit of it only after you nre able to
pay I. per eenl on the preferred stock nnd at least
12 per cent on the common stock?"
"On general principles, as a director of the I'nlted
Btates Rubber Company, I feel that I am undi r an
obligation to make what money we can for tho
MU shareholders.''
"So that the dividends I have spoken of must be
earned before tbs public gets the advantages of the j
economies of onsoUdattoa?
"lt ls to the interest of tbe stockholders that the
Interest of the consumers should be considered by
gtvlag Mam good quality goods."
"That i.-. not an answer to my question. Tleasc
la- more explicit."
"Well, the ..cst answer 1 can give is that this
trust has only paid a little over 1 per cent since Its
formation or the common stock."
"Notwithstanding the increase In the price of
your product., to the consumer?"
?yes. '
"Is not that fact due to the vircumstat.ee that
you have issued slock to factories that not only
closet, but vere designed from the first to be closed
In order to do away with competition?"
"That la not so."
"How much of your capital stock was Issued to
those prop-rtirs which have been closed down?"
"Lass than 2 per cent."
At some length Senator I.exow examined the wit?
ness on thc motive that led to the consolidation of
th.- rubber factories. He endeavored to show that
the capita) jf the companies had been excessively
watered and that thc object of the promoters of
the company was to unload the sto*k of an over?
loaded cence.': on the public
THK AL-JSQED HAS1S FOR STOCK ISSCF.S.
Now. to put lt plainly to you." said Mr. Lexow
In deliberate tones. " is not the entire general
stock of .ha- United Btates Rubber Company mere?
ly what ls familiarly known as water?"
Mr. Flint began to frame a reply to the Inquiry,
but he hesitated, and delayed so long in answering
that h>- appeared to be in a quandary.
"You know what the term mian*. 1 suppose-?"
a; kngtb luggcsted Mr. Lexow.
"No; no: a:? a spei itic condition." returned Mr
Flint. "I have already st.Had the basis of the issue
of the stock and how il was done. One of the most
eonssrvatlvs mea in New-York passed upon the
amount, and the BtOCfe was paid for trade capital,
trademarks, goodwill, business franchises, etc. For
Instance the I'nlted states Rut ber Company has
u capital of J",_.e..,...?. In tia.le assets."
' I .,m noi dodbting the standing of your com
pany," returned Mr. Lexow, "Hut is it not a fact
that in |_s Issuance of youl irena tal stock, tl:.- gen*
erai ruston was observed, an.l iha: ts. that it rep*.
resentB nothing bul water, upon which the directors
hope to ve. ure dividends Ultimately?"
"I have no Interest, nor have I ever had any, In
any of -.h.- so-called Industrials outside of tbs
United gt h. ? Kui'!, r Company. 1 can only say that
th.- basis of th,, issuance of thc senors! stock of the
United Btati - Rubber Company was upon tbs
property ii now owns, consisting of trademarks,
franchises, goodwill, 1:.-."
That, then, is the sole basis upon which the
general stock was issued"'
"As 1 save -aid before, I carnot speak exactly
Upon what detailed basis of values the stock was
issued, because I was not a member of tia- S.m
mons Committee."
"Have you brought with > ou the report mnde by
that committee rceommciidlng the lump pri.-e that
should be paid for the properties?"
THK REPORT HANDED TO THK CHAIRMAN.
Mr F'lnt replied that he had, and forthwith
handed it to Mr. I.exow.
"Now." continued Mr. I.exow. "before going
Into this report I wish to put a few general ques?
tions to yoi: I would like to ask you from your
own kassrtsdge SS ? business man whet lier or not
lt is true thal it is .lust Miis tendency to issue
large amounts of capital stock representing* what
is called goodwill that has brought these industrial
tattoos into the repute in which they now
. stand""
Mr. Flint confessed that he was unable immedi?
ately lo answer tbs question in the comprehensive
form in which it stood. Ile intimnted that he
would prefer to take it piecemeal. Answering
first the reference to the repute of these com
j.aiiics. he snid their repute was something akin
to the repute of individuals?some were good and
some bad. The Rubber Trust he classed In the
former category, and pointed out that some of
ta- businesses lt had acquired had been running
for fifty years or more, and that their trademarks
and goodwill w.re every whit as intrinsically val?
uable as bri- kr nnd mortar.
"Now. is not this system of consolidation." asked
Mr. Lexow. further, "part of a general system of
evolution which has manifested Itself In recent
years?"
"r"here is no doubt about that. Last year In
Kmdand there was a total capital Issue of about
<7<X).00(?..<*. "
"1 am not asking you about England* Please
answer my question. Is it not a fact that thoso
engaged In industrial pursuits an- using that evo?
lution for th.- purppSSS of Incraasing the normal
vaia, of lb-ir properties, with a view to a g. n.-r.tl
distribution of their stock among the country at
large?"
"They are using it for the purpose of increasing
the actual value lt is only natural that a man
when he gets on in age should desire to facilitate
the distribution of his interests when he cannot
continue their management."
"1 understand them is some strength in that ar
g'lr.int." allowed Mr. Lexow. "Let us follow it
out Now, ls lt not a fact that those who in the
jj_.a held these industrial pursuits In a few hands
have capitalized them upon a buhls of a supjHjscd
grad*ill v.iy largely in excess of the stock held
by them, as representing the origiral Investment,
and af*er such excessive capitalization have showt
themselves willing to permit the public to share
with them in the enterprise''"
"Thc- Issues ha\c been. 1 believe, always on thu
actual values."
"Then you ssy that goodwill ls actual value,
whether it ls fixed at one million or a hundred
millions?"
? li properly valued, goodwill is certainly actual
value." - ?
"KA'by is ll that there has been no general distri?
bution bt Ce interests of these industrial proper
Mag, tun .1 distribution being represented by shan I
or othcrwluc, until they have lieen recapitalized io
sn mermen* extent'."'
?j;, ii'ji" lr ls pra.-tlcaliy impossible to sell the
Mock cf Isolated companies. There ls 110 market
for lt."
"Then lt ls for ?h<* purpose largely of distributing
stock thai ila se industrial enterpris-s SIS organ?
ized and 1 a ..lia ilzed?"
"I would say that the value of these properties
IS enhsneed by means of centralisation and the
cori seo 1 "ut greater economy of manufacture."
"Jf>that is so, wliy do not the stockholders bold
The New SMALL SIZE of
CASHMERE BOUQUET
TOILET SOAP
ia within everybody's means. Ask lor it.
on to ihelr stock, instead of dlsttibutlng lt. often
.nilling to it. among the general public*"'
Mr. Flint started to give one of those explana?
tion* that so Irritated the chairman yesterday, but
Mr. Lexow was not willing to hear it. and put th.*
question again in a slightly modified form. "Why
ls it." he asked, "lhat, Immediately following this
increase of nominal values. Ihe .bar public ls al?
lowed to come into the eni.t pri?c?"
"Through consolidation the value of an Indus?
trial property ls Increased. Hy the listing of se?
curities the securities become better knoavn. and
can lie sold from hour to hour. That has the ef?
fect of giving saviirlties additional value."
"Hut does not that have the effect of changing
legitimate industrial pursuits Into -fl>ecttlatlon1 Is
not thal the object of these consolldatlons?"
NUT FAMILIAL WITH OTIIICR ENTKHKI'ISKS".
"1 cannot Bay. 1 am not familiar with the con?
ditions that prevail lr other Industrial enter?
prises, as I have never had anv Interest In them."
"Will you explain how lt ls that the stockholders
of the original properties comprised in the Kuhl., r
consolidation have increased in five years from 3<*'
to ti.'HM ' '
"1 desire lo suite, in answer to that question, thal
tho present members of the Executive Committee
bold about MOBB.SBJ of the stock of tbe United
Stales Kebber Company. The rest of the stork bas
been disposed of hv parties desirous ot eUSpOSing
of it."
"liv those who have disposed of the properties In
the manner stated by you'.' Th.y have received the
stock in the first Instsnce and then dispos. d of ll .'
That is so, ls it not?"
"No. that ls not true In general. The feel ls this:
Univ In the case of one party has there been a
vera large sale ol Btoa k. a Mr Benniesn made a
large saje Of stank which lie held, bul those who
are noav managing the company have not, practi?
cally, reduced their holdings. Thc members of the
Executive Committee are not speculating iti the
stock. In feet, 1 may state that those members
hold about as much Stock as they eyer held."
"Well. I did not put thal question to you, as 1
.lid not avant to Inquire into the privets transactions
of the managetnenl of ih?* company. But, sword?
ing to vour evidence, i; would aeem that, out of a
total capitalisation ot |JB,bbI.800, iv- members of the
Executive a'ommittee and those on the Inside have
dispose,! of BaS.liaSI.SOS of certificates'?"
"Most of itu- holders of inri,-.- amounts of stock
now hold aboul as much sa they originally held.
That they have not disposed of their holdings ls
aboul tbe bael evidence of the belief in tbe value
of the business."
"Hut is it not a fad that Immediately sfter this
consolidation .very effort was made to distribute
this stork among Hu* public, excepting, -of rourse,
by yourself and other members of the Executive
Committee'.'"
"lt is true that there wes a certain amount of
stock ofter, d for the purpose of Securing additional
working capital; l.ut no ooncerted effort yvas made
to s, ll the sb.ifs by the holders as is evidenced by
the far-t that practically only one large holder dis?
posed of his stoa-k."
'"Lvt me ask you again. Is lt not tbe general
purpose of these Industrial concerns, conaelldated
under the pretence of supposed economics flowing
from such consolidation, to secure the interest in
the enterprises of the investing public?"
The form tn Which Mr. Lexow put this question
somewhat upset the witness's usual equanimity.
He bas so frequently attempted to impress upon \
the committee iln- fact thal trusts w>r. formed for
greater economy of manufacture, thai he objected
to hearing Mr Lexow speak of the economical ob
Ject as a hypothesis. H.- did not like the expression
"under the pretence of supposed ecenoynlcx,*' nor
would h.- rest satisfied when the Senator said that
instead of '"pretence," he wouM use the descrip?
tion, "guise" or "under color of." Mr. Flint also
objected to Ih* qualification Of "flUPOOSed econo?
mics." and Anally the matter was amicably settled
by Senator Lexow framing his question so lhal it
read, "upon the strength <>f proposed economics."
Th.-n Mr. Flint proceeded to answer the question.
"I cannot subscribe." ha said, "to your iden that
thnt is the general purpose of these consolidations.
I will admit that undoubtedly one purpose ls to
give th.- siock :i market value on the nert of par?
ties desiring to dispose of their interests. There is
certainly an element of consideration in the fact
that in ease of death the stock could be easily dis?
posed of."
"Therefore, in th" making of these consolida?
tions, lhere .titers as an element of substantial
strength the desire to s. ll the securities of these
corporations to the setters! public?"
HOW THK WITNKSS KXI'LAINS IT.
"Tb.re .lue? undoubtedly inter the desire to put
their property in a marketable, realizable form.
To-.lay the Isolated property, if it bed to be sold
suddenly, might not bring SQ per cent of its value;
but If that same property ls fl llste.l security, or a
security generally dealt, then, perhaps,?Its full
value, or very nearly its full value, could la? ob?
tained."
"Then to the industrial feature of these enter?
prise* ls added as an imp,.riant element the ability
lo sell mid dispose of the certificates and stock Of
tb. compuni. s?"
"Yes; that is undoubtedly an element of substan?
tial value and purpose."
"And that purpose enters into thc volume of
Btock Issued, do.s lt not?"
"The stock issued should represent the actual
value <.f the property, and I infer in ths .cass ot
tie- United states Rubber Company thai the glaa
mons Committee, in recommending the amount of
issue, took into consideration only the actual yalue
nf Hie proper!les."
"When you went into the company, did you not
understand that the common stock was issued for
goodwlli, which represents a'o.iut .'.'ii.nnorir"
"I understand thi.t a va ry large element of
value aaas contained ii: what is generally called
goodwill. Tb.- committee considered, l suppose,
that th. goodwill was. as it really ls, an element
of areal -"ellie."
"Let m.* ask you If it is not a fa. t that for every
preferred share Issued there was added a bonus of
..ne shale <>f common sto.k which represented
gooda Ul r
"As you will see hy looking at the Simmons Com?
mittee's report, there was a round amount of
stock issued for thc properties as a whole, and the
report contains the fact* in regard thereto."
"Cannot you answer my question any closer than
that?"
"Xo."
"lu it possible that you, as the treasurer of th.
company, di not know to-.lav the principle upon
wlich the sto-k was Issued?"
"I have already slated that I do not."
"And that you know nothing further than that of
the basia for the Issuance of this stork?"
"I have banded you the ni-ort covering the whole
transaction."
"I t.i you nilly mean to say that what ls con?
tained in this report ls all that you know about the
lr: n.-action?"
NO KNOWLEDGE OF DETAILS.
"I know, of com se, the general plans of organiza?
tion, but as to the detail! 1 have no Information. I
know that thc fM,a~**0,SM of stock Issued fer the
properties and goodwill Was green upon the recom
mendatkMl of thoroughly wc ll-in foi med nnd compe?
tent men."
"Ho yon know from any transaction made subse?
quently Whet the policy of the company was In the
Issuance of stock for the purchase of goodwill?"
"There could not have been any policy."
"Whet was the capital of the Woonsocket factory
Which was closed down'.'"
"Th. capital vr.s less than the truat stock that
Was issued lor it."
""('.in you tcjl us what was paid to the Woon?
socket company for goodwill?"
"No, but 1 couta! furnish you with the informa?
tion."
"Are the si aokholders divided, or do the holders
of preferred stock hold common stock us well?"
"To .-..me extant."
"Wli.at ls the actual difference?"
"1 do not know; but in round figures there were
MM holders of preferred slock and .", ooo holders of
common stack."
Mr L-xow then reverted to the Simmons report
which the witness had produced tor ihe committee
Apparently the information li.- desired regarding
the dividing up of the trust stork among the sub?
sidiary companies waa not contained in the report
Inasmuch as after perusing lt h. one. more inquired
as to th.* whereabouts of the data upon which the
report war founded. Mr Flin', repent eil ills testi?
mony, thal tiley w.re stowed away in th. deposit
Vaults >.f a New-Brunssrick trust company, which
could only lie opened In the presence of two officer*
<af the company. He promised the committee, how?
ever, tiiat he would endeavor to obtain these data
for their Inspection, and his further examination
was postponed until this morning. The usual ad?
journment for luncheon was th. n taken.
THE AJTBRNOON UKAKiXt*.
ll. O llavemryer was prcsa-nt In company with
Mr. Parsons when the committee r? assembled
after the rtcrt*. The documents and certified ex?
tract* from the minute liooks. which had been
handed to the commltt?*e by Mr. Harsons In tho
morning, were formally identified by Mr. Have
meyer. It a* aa shown that the Brooklyn refineries
produced 30.000 barre.a of sugar a day, about half
, the dally output of tbs trust Hut li did not ne.-ea
1 sarlly follow. Mr Huvemeyer said, that the Hrook
I lyn property represented half of the trust* Inveat
; mema. Taxes paid hy tht trust lust year in the
HtHte. according to the list Just in evidence,
.mounted to ts's.ni:, i.i.
Mr. lyexow wish. .1 to know how lt (amass about
that If the company did hslf of K* refining in this
?nita lt did not pay lax s upon at least PMIMBI
of . apltrfllz.iiioii Mr. Haa elm > er was unable tu
glVa* any satisfactory explanatli.n of thi-.
Th.- data which had been produced by Mr. Ilavs
SBeyeC gave no hint of tbs amount of stock thst
was originally distributed to the companies and
refineries taken over by the trust. That Inform* -
Hon was contained in the original .bed of trott of
the American Sugar II-fining Company, and In
somewhat emphatic tones Mr. Ilavemeyer said that
he did not know where it was. The last he had
known of lt was when ll was In the possession of
Mr. Parsons al the time of the Investigation by
ths Knited Btate* Senate Committee In IW* Mr.
Leaow was not to Ik* put off, however, and pressed
Mr. Ilavemeyer further aa to II* probable dispo?
sition The Inquiries were evidently distasteful to
the Sugar Trust president, and his successive
* <?_???__
answers were given tn s J^?\M*t?LgT%lr1&
the original stock had beet. cut out*?**' T Hr"?n*
by permission of the S-natc ( ommlt^e.
? Vrs^r.^^iy'H.r.Igi.res a ere.rut oul st Mu*
time of the Arnold Investigation by Mr I arson* ,
wmiou, !,,ard ... .nythllns before g*?*- .T*
Igurss w.re never replaced tn my know . .im.
"Who had th" rusfody of the mutilated trust
deed'"
-Why'wtrvTit* that you ...xl your arsoclates were ;
e.i soiii-itoiis to conceal Ihe flgiues.
?T hundred people ***** tohnve that dom
SSS noi responsible. Tin- d.-.-d should h.i>' i-> n ur
^J^ttWaS there II. the deed that made Hs ta- I
"^r-V,,',ihoubi''bav.ryi-'en dctroved veefWAWb. In mv '
judgment 'li'was"that "ed thal cause all lb.' troU- I
nie. hostile legislation ..nd this pcrseciitlon.
"Von men prosecution, dont you. a ski ri .Mr.
''"Kr rs\,Vpe?.ecu,lo,, All the fuss has teen
aver thal eeed! if thal deed had set bees In evi?
dence the Investigators would have been nglltUD.
Ihe air. BUI ni this sort of stuff has been sw. p
aside forver- by th- Lfupreme court, the Mghesl
court In the eoimtry."
"What do you n)"iin by that?" asked Scnutor
1/CXOWV . . , i _
"oh i thought von wen- conversant willi ililngs
thal had gum- before in the matter of former in?
vestigations." .
"1 am. Iii a general way," replied Senator Lexow.
"but explain wnat von mean?"
"I mean thal we have bad these Investigations
before: thar nae judge bas rub .1 that we were S
criminal monopole, and another Jodee that we w.-re
nol. The Supreme Court bas swept all this aside
bv declaring we were not a monopoly, inasmuch as
WC did not restrict trade or stifle competition.
\ssemblvmati Wartier hen- asked what became
of the books of tin- original mis,.
"They wait oat of exutenee, l suppose, in l.vii.
'Were th.y destroyed?"
"I don't know. I didn't keep tbe books.".
"Will vou swear ihey wera- nol destroyed?"
"I will not swear to anythmi' I don't know. 1 am
particular about mv oath."
"Did the trustees of the old trust destroy tha min?
utes ,,f their meeting- after they bad I teen read?"
"No, Bathing of iha- suit."
"ls lt not somewhat singular that the minute
books and trustees' books should have bean de?
stroyed, or, at any rale, that nobody know* any?
thing ahout them?"
"No. Bach company kept its own books, and
When the companies were al,soi h..1 there was no
further reason for keeping them."
Benator Lesow reminded the hitman of a remark
made by Mr. Se.iii.s i isl ih>- investigation op?
erated to destroy i?i? 1 wo In the Sugar Trusl
an.l asked Mr. li.ivem.yer if he shared in that
opinion; if he seriously believed that the value of
any company honestly conducted had anything to
fear from an investigation, no matter bon rigorous
or seat. . -
ADO TO ITS PROriTB,
in .-'ii emphatic manner Mr. Havemeyer stated
that ;!).? immediate effect of the Investigation
would a.l.l to the pr .lits ,.f the trust. He said i;
had raised an Inordinate demand for raw sugar.
which would put up the price >.i relined aurar >*.?l
th<* difference would have to be paid by the con?
sumer. Prices, however, ie- ss io, would adjust
themselves quickly. Hw ,s , pata inc shot he es*
pressed ii,.- fear thar tin- "Investigating example
of ibis stat." would spread lo other Stat.*, where
th'-y would probably not bi conducted with tin
same fairness and dis.retloii BS here, .md would
bring abou: soma- extremely disastrous results.
.\s a metter of mer., formality, Mr. Parsons was
sworn and asked if tha- deed of itu:' was In his
possession or if lu- kn. w ..f li* whereabouts, but
be said "No" t., i.uih questions.
with the departure of Mr. Psrsons from the
stand. Henry Hum. the president of th.* National
Wall Paper Comps',y. testified thal the company
was organised in July. IM2. and thal lt purchased
a number of factories in various parts nf Hu*
I'nli.d Stales. Altogether, ih.- number ..f concerns
thai the company embraced was twenty-eight, .'ind
it bad iii operation I* wallpaper ni..chinera. There
w.Te. however, seventeen companies, operating
eighty-eight machines, which were no. members ..f
tin- Notional Wall nper Company. < me of the
effects of the combination, Mr. Burn said, was to
increase Ii;-- OUtpUl Of wallpaper, and liol to re?
strict the Hade. Thc production of Ihe eomp.mies
Included In Ihe National Wall Paper Company hud
been increased from 100.000.000 rolls of wallpaper in
Mi and IM io about I&.W0.0GO In ISM .-ind ISM
Replying to further questions, he ssM lhal not
more tii.it twenty m. n had been dlschsrged as a
result of the consolidation.
"How do your company's prices compare with
tbose of tbe companies und f the < omblnatlon""
"??ur prices an- _.", p.r -.-.*: !..\\.t "
Th- Wai."- also lad '.ol her.a* ? d: Ml-v v., ? ?>
about th.- same, and tbs employment was steadier,
th.- wit na-s* said.
"How many men do yeo employ?"
"Roundly speaking, a bout S.0M in Mp* United
Stales."
"How many In New-York""
"About ZJM "
"Hove yon an agreement with the sellers nf .our
product iii New-York?"
"Yes, sir: In sae or two emmmm."
The witness s.-iiil his company bsd competitors In
New-York State who worked under agreements.
"Are their sg rae meats sbnttsr to jours'."
'T don't know tha- methods our competitors use.
I only kr.ow lhere ls a Wall i'ap.r Trust som -
where."
"Vou claim, then, von ,,re nor ihat trust?"
"Yes. slr."
"Tiie agreement you have willi your sellers re?
sin.ts th.m to the sale of your good*?"
"Y< . slr."
Tip- further eXSBliru.tiO.1 of Mr Hun: was post*
pon. d until 10 o'clock ibis morning io enable han
... produce a copy of thai agreement, and ;lie .om?
ni!: i.a- adjourned soon after I o'clock.
?
Tu UEXOW DEPARTMENT STORER.
BKKATOH MARTIN HAS A NKW l'IKI.I. K. at Till'.
.'.iikat i\verm;at. ir.
Albany. Feb 1? -genstor Martin ro-.l-ry intro
dueed tin- following resolution:
?Whereas, areal complaint bas bees made that
the lari;., department Motes In the ,ltv of New.
York and other >i'i"* ..f it,.- St.i;?? ar., gradually
crushing oul the smaller stores by uniting in one
establishment nearly every kind of business, and
ar.- censequently mining th., smaller merchants
and shop-keepers; and
"Whereas, The leta I trade is thus bailie eon
centraled int-. tb.* banda of larg., companies, who
are by this means enabled to s.-n certain lines of
merchandise under cost, or pretend to do so, to the
great Injury of the trade generally; and
"Whereas, The teadeacj >.f these practices I* to
deprive persons of emnljyment and to reduce the
salaries of tbose i m ploy ed Iii said department
stores,
"Resolved, if the Assembly concur. That the
committee appointed to Investigate tba. trusts is
hereby suthorised and directed to Investigate folly
Mu- mann, r in which the.se department stores sra
conducted, and io leam what effect they have on
business generally snd upon the stages of em?
ployes, and to report such measures us In lt-,
Judgment are proper"
Being n concurrent rr solution I: went over un?
di r t!ie rule.
EX-SENATOR MILLER <>N TIM STS.
THK MOD-RU SYSTEM OP DOIK- ra sinks? N'<>T
...i. .1. POLICY. UK THINKS.
Chicago, k.!i. i* Bx-genator Warner Miner, whs
has just come from Canton, and who is Stopping at
th. Auditorium Hotel, declined to give his theories
and Impressions of lbs political situation in New
York, but when a?ked his opinion In retard io (he
Lexow Investigation, said:
"i have no impressions m regard to ihe course of
th.- investigation, bu^l have decided vieira In regard
to trusts and mon..po.i.s. I know from what has
been told m.- i.y Interested patties thai it is begin*
nain io b, understood tba! the modern custom of
doing business on a COlOSSal seale js pot good policy.
"The fa.-: is. centralised capital is throwing people
out of employment and producing distress on everv
side. Th.- main cause of lt ls the putting down of
prices .md ihe resulting falling market, if u wer,
not that I am expecting th.- present policy to i?
a!..itel.I. 1 should be absolutely hopeless as to the
fut un.
"In regard to the Nicaragua *'ana: I can assure
you it will certainly he a success. The bill laid ;,-a,|,.
i.y tb.- present Congress will sssuredly ti.- tsken up
by the new c..rum ss sad passed. The w,,r',l need*
the canal and Ihe world wall hav - lt. Tba- Rodi Igues
letter baa made ihe Impression thal ws have f..r
f.ltid our c..nessi..n Rai there ls noi s grain of
truth in that statement."
Hi<; CAPITAL Of Tin: MARgDRN COMPANY.
Trenton, N. J., Pen. lt -Tbs Marsden Company, the
object of which ls to insnsfstiara, sen and deal rn
all products made from cornv-talks in aeeoi bines
with the discoveries Sad parents secured by Murk W.
Mais.bu. was luosrponied hors te-day, with rt capi?
tal Of lal'.1-.'.1""). The corporators are Hilliard C
Kills. J.'hn McCormick, Pete. ll. Erasa and James
A. clark, all of Philadelphia, and John R William*
of Merchantville. N. .1 (me of the provisions of the
artic,es of incorporation lr that no stockholder /hall
have thc right lo examine the books, vouchers, eic,
of tli*- company except by resolution of the Hoar* of
Directors.
?
SEX ATOR ELECT FORA KER XOT T ILK I KU.
HT" DKUS-l T<' DMCI7M THK MATTKR I >F IRMA*
T. Ht SIIKP.MAN'S RUCCgggOg
Cincinnati. Keb. ls Senator Koraker was asked
the gaastlSS to-day poinl blank. "Whom do you
favor for UM Senate to succeed Senator Sherman?"
"I must d". line to bs Interviewed on the subject
Tiie fad ls, I nm too limy these day* io discuss a
matter Ihat If must be allowed does not necessarily
concern me. I expect lo start for Washington io
assume my Senatorial duties op March 1. I nm
engaged Wholly al present In III- practice of law
und the matter you refer lo ls certainly not one tor
na- lg waste my time In rjlsciisHirig."
i nlumbus, Ohio, Keb is , ;,,v, rnor Bushnell to?
ds}- leased a hm.* In Hie elly, and set at rest the
report that he intend* io rall an extra session of
the Legislature with H view to electing himself to
the Senate. The lease aa made, however, expires tn
October next
Quackery is always discovering
remedies which will act upon the
germs of disease directly and kill
them. But no discovery has ever
yet been approved by doctors which
will cure consumption that way.
Germs can only be killed by making
the body strong enough to over?
come them, and the early use of
such a remedy as Scott's Emulsion
is one of the helps. In the daily
warfare man keeps up, he wins best,
who is provided with thc needed
strength, suth as Scott's Emulsion
supplies.
MR. LAMPSOVS BENEFACTION
HIS BaTTATI KSTIMATKD at h kt wk kn*
ffjOaVXOaQO ANO STOU.OOD.
Mi.ST OT IT Tm Cn T< > V.M.K BOMB Of" HU CBAU
a?ti:;:isti'-s AS TOLD BT his class
MATS, S F- KATUN.
H. h. Beta-n, of th<* law fir.n of Baton & Lewis,
Mo. *i Broed-el? w.is ea sM friend of B/Hllsaa
Lampson. of Leroy. N. Y.. Who. nccordinK to the
terms of Ms will rend yesterday, l<*ft the bulk of
his estate to Yal'* I'nlverslty. Mt. Huton said yes
terdey afternoon Hint from statements made to him
l.y Mr. Lampson dnrlnir lils Hf., h.- should JndKc
that the estate would amount to about Jfion.ofi) or
JNMIfc
"William Lampion and I." said Mr. Knton. "were
elaasmsti ? in Ihe dees of '? al Yale and th- class
rriendahlp leen btajStt continued through his lif?*.
Tn.lui,Iv I knew Mi Lannis ia better than any of
his classmates ..r air. of Iris vier friends, arid I
certainly sa* mor<* cf him.
"Mr. Lamps..11 cam. from good New-Bnfland
st.uk one of hw nncestora wes a colonel in the
Revolutionary Aimy. Slr -urti- I.ainpson. hi*,
uncle, was one of a well-known group of American
iinau.iers living in London, Including Oeorga Ft*.
betty and .1. s. Morgen t>>n ts-OB graduated
tram COtlSge Mr. Lampson went abroad for two
years, studying at Heidelberg. Upon returning lo
this country, tn IBM, he entered Columbia Lew
Behool, Hid took tic regaler course, slthough he
never practised law. He then ai.epte.i a position
I:, his fathers hank at Lerey. a fe* years later
liis father died, ami upon William was thrown the
entire care of the family (S wi,hw and four Chil?
dren), together with the property, one brother
was married, but died SrlthOUl offspring ihe
moth, r and -1st. r died, and William Lampson and
a brother, known as the Colmel." were left alone,
i llvim- together In th-* lur*-r family mnnrlon for the
rest of their days
"The two best-ihnewn Bier*ts of property belong?
ing to hs state, and HOW apparently koIiir to
rale, ar. tue Bank of Leroy and Ingham ITnlver
?Ity ..f Lerey. Ingham University consists of three
I or lou. lanr-s bulldlngfl located In the .-entre of
! Leroy, ana In old llmei was a prosperous seminary
ror young women, afr. Lampson had loaned money
i to the Instlrition of late years, and lu the end took
I it on a mortgage forecloaure.
"Mr Lamoson waa always Inti rested in educa?
tion and Cherished an especial fondness for I ale
lils last visit there was made in company with my
*elf aboul SiS vars alto. The next year after tills
.ie and I m. de 8 visit to Harvard, and he was in?
terested In xa minina thc n.-w buildings, especially
s,n.ieis Theatre. He talked freely about erecting
.. simll.il one lor Yale, hut not loni- afterward de?
cided th I he best tfift h.- cnuld make to the unt
verslt) would be one yieldlns 'ash. avhich decision
he followed out In the t-rms of his will. Professor
Thomas Thatcher held complete sway of Lampson
when in college, and the memory ol' him ha.I much
to do wini influencing Mr lasmpeen so favorably
iowa',I Yale.
? While Mr. Lampson was a number of the Metro?
politan and University clubs. ()f thia city, he seldom
ai?lte.l them ll- wn< fond, when on a visit her-, of
roaming aboul the city, studyms cv- Improvements
and exploring old .planer- Which he re.nl of His
only brother ,ile.i a shori time ago and this i* nip?
pered to lin.- affected lum seriously, in business"
Mr. Lamps,,n was sagaclou* anal conservative. Ms
never ap--eiil*ted In any sense of the word and nover
once sold or bought a share of stock in Wall -"fee:.
His business methoda aaere what ar.* noav cal'..,i old
fashioned. His Investments srere principally in
securities, and I shall h.- surprised if when they ute
turned ova;- to Yal.- they are not found to be ai: ex
i i pl infilly sound and "pit-edged lot."
?.
PROVIBION8 OF Till*. Wli.L.
Ia- Roy, N' Y . Peb. ll -Never in-fore m the history
if I..- Ilia has public 'curiosity been so excited as
Silica ihe death Of the millionaire, William LSUapSOtB,
ld know,what di.?i>osi:ion ba had Banda sf hla Isrga
estate, which ls valued at nearly B,BJ|JSl, The will
a? ai r* ai to-day uiui the contents maaie known aa
follows:
To the Village Of Le Hoy the deceased man left
nothing. To Machpe'.ah Cemetery, In :rus> fer car.*
of tie- B-ertjJ veuli snd general benefli of the grounds,
BJJSI
To his old friend. Sherburiie H. Baton, of Mew*
1 Tera, ?U'?>.
Ti Buller Ward, cashier In the Hank cf Ll Hoy.
: ".".'.("re.
To vvmiam c Donnen, asslstenl cashier, $**.'V".
Ti Charles Harlow, one of his farm emploves, the
.lames Lampson farm of at*out eighty cres To
William Barlow, non of the former, also an employe.
: BJ*. H '
To Misses Anna Movie* arid Mary Ko>;er= ?er
| aunts noa each.
These aggregata little more than $:*.?. non. nitd the
ra si,lu.- of the estate tcor-a to Yale I'nlverslty. A
representative of Yale was present to-day when the
will was reid. Th" will wag made shorriv afrer th.*
I death of Mr. Limp.-,m's brother, which occurred
two months ago. The .Ww-York Tru.-t Company ls
nam. d na executor.
MB. WIL80N ACCEPTS Ills NEW Ollie e.
j THE Vn-niASTKU ? il*'NLKAT, TO Bl rRlCPIUENr
OB washington ami i.Kr: UWIVBBgITT,
iVesMngten, Kel., ix. -PomnM?ter-<*enerel wilson
authoiir.e.l the statement that he has accepted the
presidency nf Wrishiimton ami i.e.. University, H.
! ls to assume the dUtiSS of the ..fflce un July 1.
8QUADBON A AT PLAY.
The Annual Kymkhnna or athletic gasses of Bqued
j ron A. BJ. <".. N. Y.. were held at the armory, Nine.
j ly-fourth-et. and Madlson-ave., last night The
armory was crowded, many fashionable people
bein*,' present. The conteetants Bhewed th.* Ilvellesi
interesi in the different Knmes. and as a result the
affair WOfl not ov.r until a lute hour. The musical
programme arranged by a. laeaaaTheus was an In?
teresting one. The proirramtne was one of Ihe
handsomest seen nt any entertainment of thi'- -ort
i for mary a day. The refer.,, was Major ("harley F.
lt.... and the Jt-dgea were First Lieutenants Holly.
o'Honohue and Sayre.
The Hist contest was a drill of selected ni.n under
tba command of Major Hoe. The second contest
was head-cutting with hurdle. Cof*poral Perish won
with Artltlcer Judson seconal |? ,|?. rtdlng-double
contest Scr?-e:int ("amman and Corporal Went tin
1-hed Hist, with Private IMcklnson ami private
t'owperthwali second Th.* potnio race was won b*
I'orporal Slade in I'M, With Private Oendull s,, omi
tn lim-- ?Vss,?k drill by a company under tb'
command of Major Hoe wa* loudly BppMOded The
other contests were loW-reachink nt a arilioi. a
novelty raes and s Basset '
?
THE PHILADELPHIA Horse SHOW.
I'liiiadeiphia. Keb. is. Tha Beard of Dlrecton of
th.- Philadelphia Hors,. Show haae deci.le.i to hold
HM slk.Hi opan-alr exhihltion at \VjsS ihlckon
HelKhls on Maa tm, 2*. tl, U and ?. Many C.?angas
] have been made in the classes of horses, and pa
; trons can expect special features not heretofore
attempted The premium- will aggregate mora
than hi.0***. Exhibitor* ar, t-*an,f*stlnB un." ,1
ni. r.-. ,,,?i a srger number of entries than eve.'
I liefor-* I* expect..!. " ?*>
?
ST. loris TO ham: a better CLUB
a-hlciKo. rah, 18. A "Tribune' sfessjteh ,r(,'ln
* St. Louis *aya: "Stanley Ror*l.un. vlce-prealdent
of the l'levelan.1 Ba**hall i'i,,!,, [,??**, throuKh
I hare yeaterday. -n route from Hot aprlii** to
.i.\. land. Mr. BSkiSOS -aid that the laSgfUS clubs
would have lo como lo Ihe aid ?f V|r Von der \h,.
j He ii.ide.i that four of ihe ?Mt?ra ,.|?i? *,',?,,,
at Hie comltiK meelina, of ihe League, turn over to
the -ievcUl.d .lula a player each. ? nfl the I *|,.v...
land .lula aa ould lu turn gtvs Mr Von aler aX* ?
: auertel from Its stars. *o hs to Bt-ana then tl-*
i Browns the .Lsssgu. saegnetsa realis* hat ?
I Leets la one of the l?-*t drawing; eliiea in the rle
cull, and are fast k-owIiik tired of the continual
poor vina Mr Von def Abe put* In the fl. |,| . i
H.*rt??ii There ls I;.tl.* doubt here bul ih?! li
Ilol.Uon.s have .ur..-..,' t? bSSSSBS flnsncwTlv In?
terested In the Hrownfl." '
? e-?
Ar* you looklns for a haignln In a I'lano or do
you wish to .ell or ex.-hanee ore* If you flo. you
mlsht find what you want In ths lillie advertise.
inentB in tha narrow columna
IN THE CYCLING WORLD.
TKESIDENT POTT KR MARO AT WORK.
I'Iiiss.sln?**jVoi''vaiu> thk nkw ,ikhsky BfCYCUl
- .. ni.i'iAr.i: him. ta mai no nil-: p.inKna in
THK CHfCAOO gM RAC* A VOeVrVU
HOt'VKNII! rl.i n NOT--.
Isaac B. Potter, the newly steeled president of the
League of American Wh'clmcn, has been a busy
man since h.* was elected to the president y. Mr.
Potter was In Boston on Monday. In Trenton on
Tuesday, looking after the chances of the Bicycle
Baggage bill, and he was at Hartford yesterday,
assisting I'hlef Consul I'. W. Westlake of lbs Con- j
nSCtlOUl 1)1 vision in good roads ISgtSSltlon Mr.
Patter ls the president of ths League, and In th"
discharge of his duty he knows no section or favor?
itism. H.- will return lo the city to-day to attend
a meeting Of the l.xce.ut | ve Conimlttca- of the
League of American Wheelmen. A. Cressy Morri?
son, of Milwaukee, and C. K Klrcker, of ."*?'? w-Jer
s?v. will be present. The N w-York Division of the
I.. A. w. takes a lively interest in the Riverside ex?
tension, T. T Eckert, Jr., ls chairman of Ce com?
mittee having that project In charge for the wheel?
men.
The Hudson County Wheelmen, of Jersey City,
have adopted the following: "Whereas, A united
and strong effort ls now being mada- by Mk- Near*
Jersey Division, League of American Whe-im> n, to
Mean the enactment of a law In this Stat.- provid?
ing for the free transportation of bicycles OB rail?
roads In N<w-Jers.y, when accompanied by their
own.r; and, whereas, a bill to this effect, known
as Mic 'Gledhill BlCVdl Haggag. Hill,' has been pre?
sented to the New-Jersey Legislature at Its preseni
session, be lt resolved, that the Hudson County
Wheelmen Indorse th.- action of the New-Jersey
Division. L. A. w., and recommend the peeaagi of
said bill; and be lt further resolved, lust we
Strongly recommend to the Senator ard Assembly
men from Hudson County that they support the |
share-mentioned bill, .md that they make au sar- j
ii-st endeavor to secure i's passage; and be i forth r
resolved, that a copy of these resolutions be sent
to ihe genator and to each of Cc- Assemblymen
representing ihe county of Hudson In th. Stat.
I., gists I ar. ."
To score properly thirty contestants on a ten-lap
track bi a slx-dav, go-as-) 9U-ptl a ??, '.H-hour bi?
cycle r.i.-e ls a task requiring forethought and ac?
curacy of system. The managers of the coming
contest Bl Tattersall':-, ChiCBgO. w liicli starts on
Monday morning, February 2".'. and ends on Satur?
day Bight at !":.!."> o'. I >. k. have left Mk emile mat?
ti r nf scoring in the ham;*) of Charles K. Jones,
captain of the goutli side Cycling Club. Thirty
min have been selected by Jones to asstst'lfl tally?
ing the contest. The assistants ar., divided into
shifts of fifteen men each. Bach shift will con
sis' of ten scorers, two bulletin men. one caller,
ene messenger nnd an extra man for rell**f. Each
man seores for three riders, and the caller an?
nounces tbe numbers Winn the taPS ls .Tossed .?
computation will be made from th>- score shots
. ..iy the min.ila's. ..al ihe result placarded on a
bulletin-boar,I for thi benefit of tin spectators.
Two hun.Irail and fifty-two men are on Hie en?
rolment list of M'e cycling division of the Knicker?
bocker Athletic ''lao. This ia a great showing,
considering that no ilellt.il. a. lion bas as yet been
tak'-n concerning tin plans for Improving ibis <!<?
pertinent, ) P. Pitch, thc chairman, wishes to
muk. the club a meeting-place for all members
Interested in cycling, ami with proper facilities in
the basement, with proper care-takers for the
machines, there ls no reason irby this result
should not h.- attained The committee intends
soon to < all a mailing of those who have sent
their names In. and io receive suggestions anl
act accordingly.
The committee in charge of the mileage contest
i.eiwen the mombasa of ihe Century Wheelmen
are Captain Matthew Qlbb, Warde Bingley, Dr. K.
V. Brendon. Alvin Kiscrt and Frederick <". Kllnker.
The contest b-gins on March 1 and ends Decem?
ber ll. Suitable prfaKS will bs awarded to the con?
ti slants Th" new members are thronging lo Hie
official tailors with or.b-rs for uniforms, in order
to be ready for the opening run on Sunday. April
4. winn a group photograph will be taken of the
riders. The South Brooklyn Wheelmen lune In?
vited the c. nturv Wheelmen ro attend their smoker
this ev.-ning in a bode. The invitation has been
accepted, and a large delegation will attend.
R. H. W.,lff & c.-. . Limited, have got out a hand?
some souvenir In the shape of a nickel collapsible
drlnklng-CUP, willi a cass in which to carry lt.
The .up ls an accessory which will be appreciated
hy all cyclists. Iii order to defray the expanse,, ol'
mailing, the lum requires live two-cent s:amp4 to
be s.-rit with every request for one of these cups.
The new committ.es appointed by ."resident John
Barnett of the Associated Cyrllng Clubs of Long
Isl ind ar. as fallows: Public Action Committee
Michael Karst, chairman. Brooklyn Bicycle Club;
Theodore Kaindi. Pequod Wheelmen; John J. Brady.
South Brooklyn Wheelmen. Membership Commit?
tee-Waldo H. Puller, chairman, Brooklyn Rlcycle
.'lui.; A H. Schafer, Waverly Bicycle Club; C. If
?oldman. Williamsburg Wheelmen. Streats ami
Hoads Committee?M. A. Rice, chairman. Orient
Wheelmen; W. w. Armstrong, Paramount Wheel?
men; ll Bachrach, Indian Cycle Club. Race Com
mlttee?Oeorge H. .Shannon, chairman, Prospect
Wheelmen; I). H. Van Vleck, Kings County Wheel?
men; James |(. Brush, jr.. Logan Wheelmen; A. I).
Smack. Nassau Whei linen; Frank C. Rhcades,
Pe.|iio.l Wh-eimen. c. H. Weaver. Bushwlck Wheel?
men; .1. Kr.-.i Kl uara th. Patenonus Wheelmen.
Auditing Commltl.-W. K. Puller, L. c. Hooper, J.
R. Brenner, Benjamin Anchell, W. T. Cowenhoven
ii ..
The following is Hie standing of the teams in til
As.-oeiite.i Cycling clubs of New-Jersey bowlloi
tom n..m> n';
rial. Wn.
.',,?11.. I'..Int . ll
Atalantn. **
iVlttlalle l'Ult. . 7
."io Wheelo., a .U
Tourist . ll
I'ninn I..linty . ?.
)..
**":(
E. C. Bald left the city for Boston yesterday
afternoon to attend the conting Cycle Snow to be
held there. As soon as ihe show ls over he will go
to California to get Into condition for the coming
racing season.
Robert Tilden Kingsbury, secretary-treasurer of
the New-Hampshire Division of th" I,. A. W . and
W. C. I". ReiChenhach, of the Kansas Division,
wei.' visitors at New-York headquarters yesterday.
The annual dinner of the cycling division of the
N.w-York Athletic Club was held at the club?
house, in West Plfty-flfth-St., last night. There
was i large attendance, and several well-known
wheelmen mad.' Speeches after the dinner.
Cyclists desiring to .loin ila* Lesgue of American
Wheelmen may obtain full printed Information snd
membership blanks b> .ending names and ad?
dresses to Mu-Cycling Bdltor, Tribune.
WHEEL HA<'KS IN Al STHAI.IA
San Francisco. Peb, Ik -Australian sporting
d
Vlces received here state thal at Ihe championship
?mstlng af Hu- League of Victoria Wheelmen, held
nt Melbourne Januari if, the on* mlle champioe*
si .. rice went li K.ti Lewis. Ihe Colonial Ilya';-.
whose lime was i minutes .7:1-', teeonga Martin,
tl"- American, failed to qualify in his trial heit.
The race for lite League ..f Victoria Wheelmen's
CUP, IWO miles, v..I* Well b) A F. Middleton USO
yards), ami ins tim. was 1 minutes :;.<:?.-.". seconds,
Parsons, th.- es-ehamploii whs started from
scratch, was def. and bv .1 wheel
Arthur HI, hudson, th.- American cyclist, fin?
ished on J.mu.itv I', hi*, ride from Coolgardie lo
Adelaide The roads were rough, but h.- managed
t., complete ihe lourney <>f I.SM miles in thirty
.lavs, thus averaging flft) mllea , rial
BABXBS8 EACIXO AT EALTIMOEE.
Baltimore k.i. ll The Oentlemsu's Driving Club
ha* arranged for eight dais of lljfht harness racing
during tin- current year, ths dates for which wit..
announced to-day un Mai -'?'? IS -X th. regular
spring meeting win be h.i.i. The fail meei lng win
occur on geptembi r .1 io 21. Inclusive.
?
10 c/m......w;/: the CAXADUy YU ur.
Sandusky, nillo. Keb ls The San.lusk> Yacht
emil ai a meeting yeetatday took notion whtoh win
he of ititermiHon ii Intereal ta ail lovers of aquatic
sport- ll was decided lo challenge th. >a,ht Can?
ada 10 sail a race f?r the cup ll won from Ven. ed..r
of Hu Lin.oin Park Tschl club, of Chicago, at TS
MS last summer Tin Canada will h.- asked to
agrea ta -? suspension of n,,. reis which requires
that ten months' nolle shall be given the chal*
bliKa-al yacht, and unless, of eon I sa- the ri-.|ua s| \g
acceded to. and then- seems to be no gSSd lUaSSU
why it should not be, the rac- cammi take als CS
under the forthcoming challenge which however
Will be ll newed If Ihe Canada refuses to waive Its
rlRht io Insist upon a strut compliance with Mi.
Hine limli. The opinion prevails prett) generally
umolu; yachtsmen slong Hil* shore of th. lake who
have 1.1, consulted |n relation l? Hu- matter In an?
ticipation of th.- Issuance of this challenge, I bal the
Canada win smsa ls Hie ausnsaMea of lae rub- ,.,.,
In ihat event S.inilu*k\ will I,.- prepared to put into
tin- rats s hoai timi |i is confidently believed win
beat the prossal champion.
*
Ml'!* MISSOI RIWs To SEE THE FD,HT.
Jefferson Cltg, MO., heb ls A r.-olullon wa* tn
troduoed ireetsrda) in ni.- House presiding ihat a
committee ol five H".u.*se,itnHves lie appointed lo
attend the Corbett Kii;-.stnim.iiis tight in Nevada
w?M* a view to reporting the advlaalillllv of legal
liing ptise-ftahtlng In Missouri The resolution
nus referred iu ths Committee ou Militia.
i
Cough!
Cough!
Cough!
HOW irriiatiuf' I cooffa bf-rorru-ii and
whnt i irtariig, racking cftVt jt j
on thc whole HvstiMii. Nothing ii
Kpccililv hpcaks down tin- strength ns
less you trot nv,, from jts r|nt,.hpt
t'oii^liM awl rohls are dinpfbtjbjbjaj
this time of the venr, hut t|i,.y ran b*
avoided hv the prompt us<- of
Duffy's Pure
Malt Whiskey,
thc great, iiKilicinal siinmlanf. TV
bi'st thing that was eT??T iiatoffjj!
fop coring and prert?ntfng tOBBk.
colds, thc grip or |?neiiiiioiii;i. li 2
np ihe blood and inak"s tin- wri0",
body glow with nat ural bett, tho
prevciniii-r the dnngeroua pffr**tti -y
sudden chills. Fi is lomething thr
should be kept ill every liuiisolinM, '
A ll grown and druggist* si-ii \i
Flint's fine FurnitureT
The l;sscnce of I'l'^ince.
SideboBrds from $u ? nts
Dicnclco.
?THE win'n*i:r.*
"**+**.
All bicycle riders arc not racer-.; ps*
haps j-oa arc a riler and yet do D I \r\
with favor upon tho racir.cr elcrr.er.t.
Still, when you conscientiously cri-."irj-f
the matter, you cannot help adrr.it that
the bicycle that wins races on tba track it
the easy-running bicycle for the road ce
pavement
The Yellow Fellows have won: heacs
the reputation of the Stearns as a fast,
easy-running, much-talked-about wheel
E. C. Stearns a Co., Tivkham Cv: a co,
?Ua-arB, N>w V-ark Aa'"
byracuse, N. Y. 3o6--io Wes: /.hgt.
SUS Wheels,
Ass.l'iat OUaVfllltealai
Too!
8TVLIB:
lAOIte', UHTIEMCI 8 I TAROCM.
The Lightest Running Wt-feM oo EartH.
THE ELDRED8E
...xA.SD...
THE BELVIDERE.
?Ve always Mada Good lasing Mir 1,1*1'
Why Shouldn't we Mik* Good VaVh?sla1
National Sewing Machine Co.,
3jo Broadway, factor*
New York. Bslvttter*. IS*.
'tey aFBaTBJ BP-sPsBBSJjasssssssssJ
ll LE AND H\ RY Milt WILL Vlf CONSM
|*BNMBTLVAMIA ANO OOlaUMBIJ It) BB SHIT
OT THK Ht'DgOM RtVEB BACB.
C"aml*a*1dge, Hess., Ft h. ls llar\ar-l 'fl nr-aet
Cornall's reajneel to Harvard, aivi Tels M sis
Pinsari Tenta and Colunihta bate the Hu<i*<*i* Ri*
raes rests arith tha Athletic Cess aa lt tea
know 11 that the eOSUflBtttes a*, Ul a, Cl <!?? le lha sr__,
of th<* r.iwlnK m. n. end alao that tho f#??ltii? of tl
rearing mon of Harvard la dsrldedty sgalssl se
inK I'oiiimi.ia rm.i Penaaglvansa in ti-* ra 1
from any pr.iu,IVo ap.iiii>-t tfcees .Wt - t '?'
ply to av.ti ratengaeaaenta
Near-Haven, Conn., rea, li 1 ? .ia-isfl
to allow Tah* to sntct thi Cornell-tfsr ira* rats
race on the Hudson nsa r. reive*] al I -'?' ssas
with """ratification. The Tala autherttlss ur* ia
ph.uv In th.'ir detersslnatlen not m allow v*'*1
enter a race arith snore than isro ??tb.- ?a* a.
though Cornell srishea t?. >? ut thi adniassSssI
the L'nlverslty of Pennsylvania 11M Co sk
the race, Vela win decline ti,, BaTea*oelUea, and
lias been ;iss.*rt<-.l ha HarvHrd repr*-^!, ?*>!*.-?
ra .'< tu Tale-Harvard i-onffrsaces th*' H-ntf
will ..Iso decline Ul iilVaa tl.' ..thor .-.alloc* *' **
ter. No oflartal w..r,i has b* ? I I.n r*e*i\*ttrtl
Cornell. Tele ls willina* 10 ncea-pi Hil ' B
sates ctiKKi'strU by Con ? ll. J ,' ?? ."? er ' bj I
-a -
BABY ABO'S STRONGEST 'MV
rSBJBSJSBge. Msaa, Feb lt Arthur I .? var*'" *
t.rok.' Herverd's -di*ength reeeed \. nei !-. ans
noon nt tho Hessenwa) nyMnastuni, ll 1 tv. ?
IjmmX i..iuins Ki.it.- reeerd -.t 1 ka**l fsa B
markai.if features srere tke graps I di 1 BM 7*
liiilivlilii.,1 teats eren aa felloerfl laings *?***
il", legs, BsS; righi fen iras, BJ; k fi tor*ss*Si B
.h.^t snd uppei ?rm, tua i..-\.<-* .iif.^-1 f*J
.m.I ? hlnn. .1 Inm-'If Bsvcnicpii tims* n? ?*?*
ls i?i J MV? Hi* ?"? ii.;t''
;,na! hs p..--. - ? *. sn .t satin> 11 - fan
t.. in- pis yins football, bul 11 1 nat* 1 ? v try ?*
th
ll. t If l/.'\ Mill i\ l\s \ I lill I* MAPI
The Inter -vi. kendi ip l "
Inch balk-line MIHsrd > fer tha ?? ?*Tr*
ship and s -alva 1 rug eel m I it * ?" * ? ??''"*"''
in 1 , ins. it Munn, e Deli - '
th,, proud liefer area Mlllleaa v gai >'*u al ?
Meutauk .int. af Bcss*ktys Bs
I w.as i-"..i',iin,in.i r*asggaebutg ol ike MaaetB?B
1 rinli. an.l ns SUCh li "' I"-' 8 ?
..I ti-t nlKht - .'.*? H VI si -a^-OSd BBM
1 aniong tha stars lu ths le^minuui y
Thi ra w.-r. ^:x . str - I bbb* "'
' pi.i>. t- of i:*-i nigh) -. Bj **'*rlt '
a.mi- rhsmpl. .ti !'? ?'? k K .iv >lfcrl?4
Millar an.l l?r Mial Tho t.iiliar,'. r..,,m ?'?"'T|| ,.f
sd, snd i-iu.li n.t. 1.-I war. ishsn in '??V!vi*,-t
ths lame, win, ii wis *tos-*l> ,..;??-!? 1 ?\mrMt-'.\
I to swish Beth men war- h.iii.lia*.?iu*.?! ss "jv,.
I III th." to,imam-nt aa. tUat th? \ i*a**l SS """^
lernu Poggcnburs ?si illghtli the !?**???
BS ms fd MM ninna ailhoronl*
Tho sv,no was aa full,.wa
Barn.nl .jr**. 0 S ? 22 "* I 4 M I k lat" H
fl, J :. I t .1 " .' " ? I " < .''",*,*%* li?
ll O T I I I I ? " '-' I " ''
* * .a.
iTtTf O ? ?
i*' t alli
risgiiiiuij igeg 1 -? a I 1 - 1 1 " I I I , t.
1:, 1 1 1 1 1 <? 1 ax 1 j - 1 '".'?? "Va?
il. \. o .1 o i. I . I li I." I a> I ai -i .' ? ?
aV--aBflsjBi Basteetd Bls-Sfi r.a*sj*a ?? ?',**'
lllstl*** . ina Hain.1,1 JA I"k.''^? '*
Raf*r--a I* ls''> .rnaat ty .tb.
i,.>.r..i ,ii.ru?.* >' Hw I'la*. ? r tl, ' ?n**7a|,-l'i?"*.
4 IH Mint H*?. BBSS! laJB, llaitaar-l J*' ' ?"
S41 alakoa. 2t?>
CtM BBINB BOB THE 1 ifBBSBB llf^
1.iv,*.,...oi. k.i. ll ls lae taghiasjiaaTB ^ jN
aiaiiralna for tl,.- W.itoi loo a up it *"***??"*> |(< f
ths alnnrr* in iho ililr.l reasad *? f *
?smm>. Ki..- ha Tn.-k*. tla-siee^ BJW^ ^^
uno, HWk V tl. I.snrrl i roan. Ofli'A"*' "
Th* wlnn.-r* a-f th* fourth 2u&lu*aaa UuliaaL
Trices. Fabulous yortuse. llbck %?? T Z "**

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