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New-York tribune. (New York [N.Y.]) 1866-1924, November 23, 1902, Image 4

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Berlin. Nov. 22.— Herr Krupp, the great gun
maker and the richest man in Germany, died
suddenly from apoplexy this afternoon at his
villa at Huegel.
Herr Krupp had been ill for several days, and
a report of his condition was telegraphed daily
to his wife, who is now on the way from Jena,
where she had been spending several months
under medical treatment. Frau Krupp will
r«s,oh Essen on Sunday forenoon.
According to the medical reports, his physi
cians succeeded in restoring Herr Krupp to
consciousness, but their patient soon relapsed
Th« g-unmak'-r and richest man in Germany, who
died yesterday.
btto insensibility He had another revere stroke
about noon, and died at 3 o'clock. In the mean
time the directors of the Krupp works and the
solicitor? of tti»- deal man had been summoned.
They held a consultation after the death of
Herr Krupp. and used s bulletin announcing
his death to be posted at the works at 6 o'clock.
About noon rumors were In circulation in Es
sen that Hen Krupp was dying, but the public
had do accurate Information regarding his con
dition until the great works which dominate the
city and furnish employment to forty-three
thousand men were closed. The first question
everybody asked was. "Did Herr Krupp commit
suicide?" There teems to be no testimony to
support this suggestion, the phsicians in at
tendance resolutely asserting that the case was
simply one of apoplexy.
The fact that considerable time elapsed after
his death before the news was announced Is
taken by some persons to Indicate that the cause
of death is somewhat obscure. Near friends of
the dead man, who were aware of the great
mental- distress Into which the recent publica
tion in the "Vorw&rts"* had thrown him—
produced as It was In adjacent cities and tele
graphed over the world — are confident that the
charges contained In the story Induced his
death. The article in the "Vorwarts" dealt
■with attacks on Herr Krupp by hotelkeepers on
the island of Capri, who had* become Incensed
against him because of their belief that he was
about to build a hotel on the Island himself.
Herr Krupp declared his Intention of proceed
ing against the "Vorwarts" for libel, and only ,
a. few days before his death said be had given
orders for the preparation of his case.
Herr Kmpp's villa, where he died, is several
miles from Essen. The great gunmaker lived
there in aimoFt feudal fashion, and the place
to-night is unapproachable, nobody being ad
mitted within the gates except the police, the
directors of the Krupp works and the under
takers and their assistants.
The officials ar»d employee of the Krupp works
yesterday called a public meeting for to-day
with the object of expressing indignation at the
rharges made by the "Vorwarts." They as
sembled at 11:30 o'clock this morning, hut before
• deputation could be appointed to convey to
Hferr Krupp expressions of loyalty and con-
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fidence it was learned that his condition was
too serious to receive ouch a deputation. Herr
Krupp was not retarded as a hard master by
his workmen. He established various institu
tions at Essen Tor their benefit, and built hun
dreds of model houses on sanitary principles for
their urn, charging for them a moderate rental.
Moderate estimates of the fortune of Herr
Krupp place it at $125,000,000. and hts annual
Income in his recent years of prosperity at
$10,000,000. Herr Krupp made great sums by
supplying armor plate for the new navy. Be
sides his iron works and shipbuilding yards, he
had an Interest in many financial enterprises.
and had recently acquired extensive coal prop
erties in connection with the North German
Lloyd Steamship Company.
Emperor William was fond of Herr Krupp
personally, and frequently visited him with the
Empress, spending nights at the villa at Huegel.
The Emperor never visited that part of Ger
many without seeing Herr Krupp. and often
had the gunmaker as his guest at Berlin. As
a special mark of distinction the Emperor con
ferred on the gunmaker the title of "Excel
lency." which is usually confined to the highest
officials, ambassadors, etc. When the Kiel Yacht
Club was organized by about twenty naval offi
cials th% Emperor and Herr Krupp were pres
ent. Admiral yon Senden-Bibran. chief of the
Emperor's naval cabinet, remarked. "We ought
to have a clubhouse."
"There's only one man who can give It to us,"
said the Emperor, as he glanced at Herr Krupp,
who replied that he would think about it.
Out of this suggestion grew the present beau
tiful yacht clubhouse and the adjacent hotel
and restaurant overlooking the Kiel Fjord.
This group of buildings cost $1,000,000. Herr
Krupp rented the house to the club for $250 a
year, and it was exnected that the building
would be presented to the yacht club. Provision
for this gift is believed to have been made in
H^rr Krupp's will.
It is understood In Essen that the great works
enated by Herr Krupp will be placed In the
hands of trustees for the benefit of Frau Krupp.
her davighters and the collateral heirs. It is
paid that a cousin of the dead man, Arthur
Krupp. of Herndorf. win become the head of the
When the news of Herr Krupp'e death was
circulated in Essen, the population gathered on
the streets and In the squares discussing the an
nouncement. Many were incredulous as to the
correctness of the physicians' bulletins, some
person? expressing a belief that Herr Krupp
had committed suicide, a conclusion, however,
which most of the inhabitants of the town re
Dr. Tahl. Herr Krupp's principal physician,
pays the first slight stroke of apoplexy was suf
fered by his patient yesterday evening.
All the theatres in Essen are closed and the
public buildings are draped in mourning. The
City Council assembled immediately after the
announcement of death was made, and the first
Burgomaster said it had been intended to send
to Herr Krupp the municipality's respectful
sreetins-p, and to inform him that the slanders
of the Social Democratic press were not be
lieved, and that in *pite of the suspicions
thrown on him the council's confidence wss in
nowise shaken. Through the intervention of
death. rn;d the Burgomaster, this action was
r. iw futile, and the meeting could only express
grateful remembrance of the man who ha<i de
served so well of his» native city. The council
tlien adopted a resolution expressing indignation
at the injuries Inflicted on H*rr Krupp before
• sympathy for bis family.
Hfir Krupp d ' ISO to re
turn to the island of Capri, believing that ho
COUld thus boFt refute the accusation that he
had left there at the request of the Italian Gov
f-rnrr^nt His private car had already been pr<>
pared. and his baggasre. with fishinc tackle, was
aboard. He intended to start to-day.
It is believed that Hexr Kmpp's d^ath will not
affect the stock market. i
Frederick Alfred Krupp made th*» name of the
manufacturing town of Essen known throughout
the world, and declined a title because he pre
ferred to be known as "Her Canonen Konlg." He
Inherited the works at Essen from his father, Al
fred Krupp, the son of Frederick Krupp, the
founder, who began with two workmen In 1817.
Frederick Alfred was born on February 17, 1854
and when he succeeded to the command of the
great Industrial army which ha* Its headquarters
at Essen he formed a well established business, but
he was not satisfied with Its dimensions' and de
voted his energies to Its expansion. The Kruppa will
always be reme:;.bered as great steel manufactur
ers, and as tiM armorers of the world the word
Krupp has become associated with implements of
war, and war anywhere, or the prospects of hos
tilities, made business active at Essen. But Herr
Krupp had ambitions of a peaceful nature also,
and bis plans for the care of his employes, for the,
relief of the old and the decrepit and his schemes
for their education and betterment will make his
death a blow 10 the sixty thousand persons who
derive their livelihood from the Krupp industries.
The real estate belonging to the Krupps In Essen
and the surrounding communities amounted to
about nine hundred acres, of which about a hun
dred and fifty acres were covered by buildings, the
daily output averaging about 1.577 tons. The coal
consumption amounted to abo\it 6.000 tons a day.
Herr Krupp had the general management of the
gigantic works, but the various branches were
placed in the hands of a board of twelve directors,
who were responsible to the head for the conduct
of the departments, of which there are about one
hundred. Frederick Krupp erected nearly five thou
sand family dwelling houses in several colonies,
several hospitals, libraries, casinos and other
buildings for his working men and women.
About 500,000 marks are paid annually in pensions,
and the payments on account of "sick Insurance"
amount to about J300.000 a year. In speaking of the
place one visitor said:
"One may cast a glance into the modest room of
a workman's dwelling house, or gaze in wonder
at the casting of a mighty Ingot of crucible steel:
one may spend an hour at the housekeeping school
or follow the flight of a 24-centimeter shell, but
everywhere one perceives the touch of a great
genius, whose spirit animates this gigantic crea
tion in all Its details, holds It together, and ena
bles It to perform works which excite our amaze
ment and admiration."
Herr Krupp was the richest man in Germany,
his income according to recent tax reports having
been 21.000,000 marks a year. But his youth was one
of toil with both hands and brain. He thus de
scribed it:
From my fourteenth year I had th« care of a
family father during the day added to hard work
at the factory, and at night had to study
how to overcome the difficulties in the way:
during this period I lived on potatoes, bread
and coffee and scant portions of meat, ana tolled
until late In the night. For twenty-five years I
struggled thus, until conditions grew a little easier.
Mv last remembrance of that period is the grow
ire danger of total ruin and my .endurance, suf
fering and hard labor to avert the calamity: and I
aay all this for the encouragement of young men
who have nothing, are nothing and want Is get
something and be somebody.
His grandfather had Invented the art of making
eteel. but died in poverty in 1826, leaving his busi
ness 'to his son. Alfred, who was only doing a small
business until the time of the London Crystal Pal
ace Exposition In 1851, when he showed his steel
end guns to the world. He got a large order for
cannon for Prussia in 1335. and soon aftarward got
commissions from the Bey of Tunis and the Khe
dive of Egypt. In 18TS he sold eighteen hundred
Kruno guns to Russia, and that country has since
taken thirty thousand. Alfred Krupp died In I*B7.
and his son continued and enlarged the works.
covvßorrcuT wakts represent atiox
Washington. Nov. 22.— Considerable Interest is
being manifested by the members of the Connecti
cut delegation in Congress over the filling of the
vacancy in the Ways and Means Committee caused
by the death of Representative C. A. Russell, of
Connecticut Mr. Russell, who was one of tho
most valuable members of the committee, was
also one of the two New-England representatives
on this important body. In his life there was a
marked, sentiment among New-England Congress
men favoring further representation for New-Eng
land on the committee. Now that there remains
only on* commlUeeman from that section, there Is
a proportionately Increased desire that Mr. Rus
?efl's successor ehall be from New-England. Natu
rally, the Connecticut members believe the place
should go to their State.
The little advertisements In the narrow
columns look small, bat the offers thry rep
resent are, In some Instances, as bits ■• a,
Continued front flrnt page.
more than their share of the good things of the
world. There was no such complaint eight
years ago, in the summer of 1894. Complaint
I was not then that any one had prospered too
much: it was that no one had prospered enough.
Let each one of us think of the affairs of his
own household and his own business, let each
of us compare his standing now with his stand
ing eight years back, and then let him answer
for himself whether it is not true that the
policies for which William McKinley stood in
IS*»J have justified themselves thrice over by the
results they have brought about.
In 1900 the issues were in part the same, but
new ones had been added. Prosperity had re
turned; the gold standard was assured; our
tariff was remodelled on the lines that have
marked it at all periods when our well-being
was greatest. But as mu«=t often happen, the
President elected on certain issues was obliged
to face others entirely unforeseen. Karely in
deed have our greatest men made issues — they
have shown their greatness by meeting them
as they arose. President McKinley faced the
problems of the Spanish war and those that
followed it exactly as he had faced the prob
lems of our economic and financial needs.
As a sequel to the war with Spn.in we found
ourselves in possession of th* Philippines under
circumstances which rendered it necessary to
subdue a formidable Insurrection wr. i.'h made it
impossible for us with honor or with regard to
the welfare of the islands to withdraw there
from. The occasion was seized by the oppo
nents of the President for trying to raise a new
issue, on which they hoped, they might be more
successful than on the old. The clamor raised
against him was joined in not only by many
honest men who were led astray by a mistaken
view or imperfect knowledge of the facts, but
by all who feared effort, who shrank from the
rough work of endeavor.
The campaign of 1900 had to be fought largely
upon the new issue thus raised. President Mc-
Klnley met it squarely. Two years and eight
months ago. before his second nomination, he
spoke as follows:
We believe that the century of free government
which the American people have enjoyed has not
rendered them Irresolute and faithless, but has fit
ted them for the great task of lifting up and as
sisting to better conditions and larger liberty thos*
distant peoples who through the issue of battle
have become our wards. Let us fear not. There
is no occasion for faint hearts, no excuse for re
grets. Nations do not grow in strength, the cause
of liberty and law is not advanced, by the doing of
easy things. The harder the task the greater will
be the result, the benefit, and the honor. To doubt
our power to accomplish it Is to lose faith In the
soundness and strength of our popular institutions.
. . . We have the new care and cannot shift It.
And, breaking up the camp of ease, and Isolation,
let us bravely and hopefully and soberly continue
the march of" faithful service, and falter not until
the work Is done. . . . The burden Is our oppor
tunity. The opportunity is greater than th« bur
There spoke the man who preached the gospel
of hope as well as the gospel of duty, and on the
issue thus fairly drawn between those who said
we would do our new work well and triumph
antly and those who said we would fail lament
ably In the effort, the contest was Joined. We
won. And now I ask you, two years after the
victory, to look across the seas and Judge for
yourselves whether or not the promise has been
kept. The prophets of disaster have seen their
predictions so completely falsified by the event
that it is actually difficult to arouse even a pass-
Ing interest In their failure. To answer them
now. to review their attack on our army. is of
merely academic interest. They played their
brief fart of obstruction and clamor; they said
their Bay; and the current of our life went over
them and they sank under It as did their prede
cessors who, thirty-six years before; had de
clared that another and greater war was a fail
ure, that another and greater struggle for true
liberty was only a contest for subjugation In
which the United States could never succeed.
The Insurrection among the Filipinos hi>9 been
absolutely quelled. The war has been brought
to an end sooner than even the most sanguine
of us dared to hope.
The world has not In recent years seen any
military task done with more soldierly energy
and ability; and done, moreover. In a spirit of
great humanity. The strain on the army was
terrible, for the conditions of climate and soil
made their work harassing to an extraordinary
degree, and the foes In the field were treacherous
and cruel not merely toward our men. but tow
ard the great multitude of peaceful islanders
who welcomed our rule Under the strain of
wellnlph intolerable provocation there were
shameful Incidents, as must happen in nil war.".
where th>* soldiers forgot themselves, and retail
ated evil for evil. Every < ffnrt has been made
to detect euch cases, to punish the offenders,
and to prevent any recurrence of the deed. It is a
cruel Injustice to the gallant men who fought
so well in the Philippines not to recognise that
these Instances were exceptional, and that the
American troops who served In the far-off tropic
islands deserve praise the game in kind that haH
always been given to those who have well and
valiantly fought for the honor of our common
flag and common country.
The work of civil administration has kept
pace with the work of military administration,
and when on July 1 last amnesty and peace
were declared throughout the islands, the civil
government assumed the complete control.
Peace and order now prevail, and a greater
measure of prosperity and of happiness than th*
Filipinos have ever hitherto known In nil their
da ■ and checkered history, and each one of
them has .i greater measure of liberty, a greater
chance of happiness, and greater safety for his
if"*- and property than h«« or his forefathers have
ever before known.
Thug we hay mot each task that hap con
fronted us during the last nix years. Thus we
have kept every promise made In 1890 and
1800. We have a right to be proud of the mem
ories of the last fix years.
But we must remember that each victory only
opens the chance for a new struggle; that the
remembrance of triumphs achieved la the past
is of use chiefly if it spurs us to fresh effort In
the present. No nation has ever prospered us
we are prospering now, and we must see to it
that by our own folly we do not mar this pros
perity. Yet we must see to It also that wher
ever wrong flourishes It be repressed. It Is not
the habit of our people to shirk issues, but
squarely to face them. It is not th>; habit of our
people to treat a good record in the past as any
thing but a reason for expecting an even bettor
record in th» present ; and no administration,
gentlemen, should ask to be judged save on
those lines. The tremendous growth of our in
dustrialism has brought to the front many prob
lems with which we must deal; and I trust that
we shall deal with them along the lines indicut
ed In speech' and in action by that profound
jurist and upright and fearless public servant
who represents Pennsylvania in the Cabinet—
Attorney General Knox.
The question of the so-called trusts Is but one
of the Questions we must meet In connection
with our industrial system. There are many of
them, and they are serious; but they can and
will be mot. Time may be needed for making
the solution perfect; but it is Idle to tell this
people that we have not the power to solve such
a. problem as that of exercising adequate super
vision over the great industrial combinations of
to-day. We have the power and we shall find
out the way. We shall not act hastily or reck
lessly, but we have firmly made UX> our minds
that a solution, and a rH,'ht solution, shall be
found, and found It will be.
No nation as great as ours can expect to es
cape the penalty of greatness, for greatness
does not come without trouble r* n < 1 labor. There
are problems ahead of us at home and problems
abroad, because such problems are incident to
the. working out of a great national career. We
do not shrink from them. Scant is our patience
with those who preach the gospel of craven
weakness. No nation under the sun ever yet
played a part worth playing if it feared its fate
overmuch — If it did not have the courage to be
great. .' c of America— we. the sons of ■ na
tion yet in the pride of its lusty youth — spurn
the teachings of distrust spurn the creed of
failure and despair. We know that the future
Is ours if we have in us the manhood to grasp
It and we enter the new century girding our
loins for the contest before us. rejoicing in the
struggle, and resolute so to bear ourselves that
the nation's great future shall even surpass
her glorious past.
Following th«» President came Senator Lodge,
who said:
We have won a remarkable victory In the re
cent elections. In an of? year, with the drift, as
always, against the party In power, with many
conditions adverse, to win as we have- won makes
our victory as conspicuous as it Is unusual, at
once more sulking and more complete than the re
sults of many a Presidential campaign. The ma
jorities were sometimes email, hut they were
many, and the number of majorities this year was
more important than their slie. But it should not
be forgotten that the houi of political victory is
more perilous to the victor than the hour of polit
ical defeat to the eonouer«d. The moment of
triumph is always full of danger to a man.
And as with a man, so with a party, if victory
is treated simply as an exhibition of party
strength, and we turn our backs upon the ques
tions of the day and close our ears to the voices
of the time, we are preparing disasters and not
fresh successes. I feel this so strongly that I will
ask you to pardon me if I seem too serious ana it
my few words to-night are plain and blunt.
To what do we owe ou. victory? Primarily to
the President of the United States. Rarely. in
deed, all the conditions beins considered, has there
been given such a vote oi confidence to any Presi
dent or to any administration as that just re
corded. Put the President Is not only the head
of the nation: he Is also the leader and the chief
of the Republican party, upon whom rests the
power and responsibility of government. The pop
ular vote to sustain the President was, therefore,
of necessity a vote of confidence in the party
which be leads, and that is the second cause of
our victory. I am not going to examine the rea
sons for the confidence which the people have In
the President. If I may use the words of a great
predecessor of my own, "I shall enter on no en
comium upon him; be needs none. There he is.
Bt-hoM him and judge for yourselves." What ha
has done, what he hopes and means to do, above
all what he is, are the reasons for the trust and
support which the American people give to him
in such generous measure.
But I wish for a moment to examine the rea
sons for the vote of confidence just given to the
Republican party. Was it our past history? That
counted, undoubtedly. Was it what we have re
cently accomplished? That counted, too. Was
it our policies now existent or as declared for the
future? Our policies surely were cf weight in the
decision of the voters. But my own belief is that
the controlling reason In the minds of the voters
■was that, no matter what causes of dissatisfac
tion or discontent, reasonable or unreasonable,
there might be, the Republican party was capable
of rule and government and the Democratic party
was not.
The voters locked back to the last brief tenure
of power enjoyed by the Democratic party and en
dured by the country, and they saw nothing but
Impotency and failure. They gazed upon the Dem
ocratic party in action at the moment and saw
nothing but a welter of clashing principles and
conflicting policies framed for the locality or to
catch the shifting breeze of the moment. They
beheld the leading spirit and chief manager of a
great corporation running in Massachusetts as th»»
foe of trusts on a platform demanding the revision
of our corporation laws, perhaps the strictest and
best in the Union.
They beheld Mr. ro! Pr running in New-York on
a platform of pure socialism.
They saw Mr. Johnson in Ohio, where two years
ago the Democrats had rejected Mr. Bryan's doc
trines, running a circus on Bryan principles.
They not! ■ d In lowa, wnere two years ago Mr.
Bryan was indorsed, a return to what some Dem
ocrats are pleased to call conservatism.
They turned their gaze upon the last session of
Congress and saw a Democratic party so unable
to think that they could do nothing but oppose
any measure, political or otherwise, which the
Republicans offered; so futile sn.l so vacuous that
they believed they could win the American people
by cruel assaults upon the American army and by
jittemptlng to destroy and arrest the great policy
of peace and reconstruction in the Philippine
It was a sorry sight, and the American people
ror the firth consecutive national election gave
power to the Republican party. But we cannot
live on our own record or the weakness of our
opponents. The reputation for efficiency by which
we won Is easily lost and cannot be too Jealously
preserved We must Justify the capacity and char
acter which have earnr-d us our vote of confi
dence and our renewed power.
New questions and very grave questions— l speak
deliberately-confront us. The movement of the
world is toward consolidation. The last century
**? JJ _ cent .ry of political consolidation. The
United States. Italy and Germany all consolidated
in that peru.<l by the rude hand of war Russia
and England expanded and consolidated, both In
war anil peace. The same political forces are still
at work. The rra of the Utle state has passed.
The great powers are fewer and more powerful.
me great nations alone survive as arbiters of the
world ?< destinies. Thr.?o who have attempted to
stay the movement have been swept aside.
Now the economic forces which underlie the po
litical are moving In the same direction, and
during the last twenty years with a vastly
accelerated speed. Capital (a consolidating on the
one side and labor on the other. If right!* r.-cu
la ted and controlled on both .'ldes by wise and
able men, this great economic movement will
Irinp. 1 believe, good to al! and greater power to
ttv country. if extremists, on the othor h:ind
brrorw masters of thr movement we shall go
ln ~!. rK down . the grooves of time to disasters
no rr.nn enn adequately depict. If the attempt Is
made to arrest the economic forces in their nat
ural movement by bu.Moti and violent measures
th«»re will come a crash which will shake the
foundation* of .society. If the attempt Is made to
rtit. v "" ls W V' l nd that nothing shall b*
done by any one in any direction to control or
r*«ulato the operation of th»-se forcei thtml"
m^vYoJcnt. WTeCk which WUI elißUe will * even
New occasions teach new duties. The working
Su«&tS^ f^, c r s tv - day has brought new
Questions. The condition- ocoroml-ally are far re
noved ,rom T what , th ' y were twenty or even ten
,','., ago. It 3 for , . 3 to meet them. It is for
us to control and guide then so that they shall
nod and not evil. The • States la
r.Flni; fast. hi» already rl*»n. pernapi to economic
M* m tS C ?h Th ?« »^rema.-y r is a/ important a
by our own mlstas—
It. fail h
ra..K* or tl'.os- whom nature, nUvtivs pitiless re
d''f..rd"ojr -*• nr "'" VUt \ ."'* have *• Prepared to
a?r- r.d ojr supremacy. If w* have not a well or
fnf-™.^''' Wit!l rro '- r reserve. B .\i\ power
.. .1 ro Z» ." , tO tTl " tt that of a:i >- °«h*«" rower.
ho^Th h l! yjpremaev •an be reft from .- by
■•r.Mt'on h ive fallen befor « U8 »n Industrial rom
but wN> are «rm*d and r*-, ■
,i;, '""" r f acp tl ° Questions of the tlmo tmfilnch-
Inrly. ready .to say yes if action Is •. . ded and
equally n-ady t« say no. If action I, wYnne We
mutt adapt surselvtt and our machinery *o our
environment and to the needs of the time
A^» r% r *;- f ? r " n ,\ rr!< * th " r>«rtv of protection.
the tar?fT « f wUI rever ; ," r " :lt " ny revision Of
!<"tlnn fft,r t ,7 tl rt or protection | !r ,c.". Mid on pro .
we an ho roY; Pu f T , tr » n «'«T th- allegiance
nartfruHr -,L*, h , * >rlr - c| l' : * Il'I 1 ' Protection to any
Particular s.-herlulw or r«t<« la to put the lanre
policy r.nd mat Principle both In Imminent dan
nrih.,^k U ' not s *] rtnl < '' 1 "' an examination
of ,--..< v r ", ■ tv " ewnmlttess
' rrl lr v - it examlna
■hS&'il&taS Ol »\^ tt^ »« th' count™ wS
till 111
best-i and Impose higher r.iKj upon Vo<*Y who dls
Sprtl'SSr.WSr'.S? T^l?»wn n ulne°?eelp?2cf^
shr "k frnm W l. h<? Ab ° V " *"• W « mu 't ™t
r.i iiT ?" """"* with the dnmestl- r.nrlitlors
through. We S han e n^. tr w^ m^rno a t? dd f a K e owT On
Mr. Roosevelt's visit to-day was the third he
has made to this city since he became Presi
dent Last year he attended the football match
between the army and navy elevens, and re
cently he took part in the Masonic celebra
tion of George Washlnsion-s Emission to th»
Masonic fraternity.
His reception to-day was most enthusiastic
The special train bearing the Presidential
party arrived here over the Pennsylvania Rail
road at 11:45 o'clock. Accompanying the
President were Secretary Shaw, Secretary
Root. Secretary Hitchcock. Secretary Wilson,
Postmaster General Payne, Surgeon Lung, U.
S. N.. and Secretaries Cortelyou and Loeb.
Thousands of people surrounded the station,
and when the President appeared he received
an ovation, which was continuous along the
route to the High School. Carriages were in
waiting for the President's party, and. escorted
by the First Troop, Philadelphia City Cavalry.
they proceeded up Broad-st. to the school build-
Ing, which is about six blocks from the station.
A reception committee consisting of members
of the Board of Public Education conducted
the President to the school, and upon his ar
rival at the institution be was met by the en
tire student body, who lined th« corridors and
stairways from the entrance of the building to
the Assembly Hall, each pupil carrying a small
American flag.
The audience arose as the President entered
the hall, and amid the plaudits of the two
thousand persons assembled he made his way
down the main aisle to the platform. For fully
five minutes he stood facing the cheering crowd
before he could make his speech.
On the stage with the President were Mayor
Ashbridge and other city officials, members of
the Board of Public Education and the faculty
of the school. The audience was made up
principally of the alumni of the Institution.
The President said:
I «m glad Indeed to be here, and as I came
upstairs and through the corridors I felt as if I
wa.-. a t a football game. I am thoroughly con
vinced thnt the pupils of the high si hcol are
taught not only how to work hard, but how to
play hard: and It is a good thing to know both
lessons. Don't let the playing interfere with the
work. Work hard, but while you play, play
I am glad to have the chance of being present
at the formal dedication of this new building—
a building which in its management stands in
line of succession to a series of buildings them
selves as typifying In no small degree the ex
traordinary development of the public school
system in the United States. It U some sixty
four years ago that this institution was first
started under a man of great eminence alike In
the work of pedagogy and In other fields—Pro
fessor Bache. At the time when it was started
the public school system of the United States
was in the progress of the first development.
Thera are now in the city of Philadelphia in
attendance upon the public schools, including
the night schools, some 17OAXX) pupils and over
4,<XV> teachers, and the development of the high
schools, especially during the last half cen
tury. ha.<» been literally phenomenal in its char
Nothing Hke cur present system of t.lucaMon
was known in earlier times. No such system of
popular education for the people by representa
tives of the people existed It is. of course, a
mere truism to say that the stability, th-" 1 future
welfare of our institutions, depend* upon the
grade of citizenship turned out from our public
schools. No hotly of public servants, no body of
individuals associated in private life, are I ttef
worth the admiration and respect of all who
value citizenship at Its trie worth than the
body composed of the teachers in the public
schools throughout tke length and breadth r>t
this Union. They have to deal with the citizen
ship in che raw and turn It out something like a
finished product and I think that all of as who
have endeavored to deal with that citizenship
in the raw in our own homes appreciate the
burden of responsibility.
The training given in the public schools must.
of course, be not merely a training in intellect,
but a training in what counts for infinitely
more than intellect— a training in character.
And the chief factor in that training must be a
personal equation of the people, the influence
exerted sometimes consciously, sometimes un
cpjvjciously. by the man or woman who stands
in so peculiar a relation to the boys and girla
und?r his or her care— a relation closer and more
intimate and more vital in its after effects than
any other relation save that of parent and
Wherever a burden of that kind is laid, those
who carry it necessarily carry a great responsi
bility—there can be no greater; and scant should
be our yat*ence with a public school teacher —
I can go further than that— scant should be
our patience with any man or woman doing
any bit of work worth doing who does not ap
proach It in a spirit of sincere love for the work
and of desire to do it well for the works sake.
Doubtless most of you remember the distinc
tion drawn by Ruskin between the two kinds
of work — the work done for the sake of the fee
and the work done for the sake of the work
itself. The man or woman in public or private
life who works only for the sake of the reward
which comes for the work will in the lonsr run
rto poor work always. I do not care where the
work is. the man or the woman who does work
worth doing is the man or woman who lives,
who breathes, who sleeps that work, with whom
it Is ever present in his or her seal, whose am
bition Is to do it well and tc feel rewarded by
t*>* thoiirht o f bavin*; done it well. That man,
that woman, puts the whole country under an
obligation, and our public schol teachers as a
boa) and all thoa ted with the education
of our people are entitled to the heartiest praise
from all lovers of their country, because, as a
body, they are devoted heart and soul to the
welfare of those unrter them.
It is a poor typo of school nowadays that
hasn't a good playground attached. Let me in
terrupt myself by saying that In my own city at
least that was hed as a. revolutionary doctrine.
In my own city. so long ago, it was believed
that the schools, especially in the very quar
ters where the playgrounds were needed most,
didn't need playgrounds at all; that it was a
newfangled idea, and should be frowned upon
by practical people — the idea of having play
grouuds. It was expected to turn out good citi
sens from the boys and girls who. when they
were not in school, were put upon the streets, in
the crowded quarters of New- York, to play at
the kind of games that they could play at in the
street? We have passed that stage. I think we
realize what a good, healthful playground means
to children. I think we understand that not
only Is the effect good upon their bodies, but
it Is also good upon their minds.
"We need a healthy body. We need to have
proper physical development. We need to have
even more the proper development of the mind,
and th?n, as I have said before, we need to
have a proper development of what counts
far more than body, of what counts far more
than mind, the sum of the characteristics, the
Bum of virtues which we think of when we say
that such and such a man or woman has a good
Bometirr.es you can develop character by a
direct Inculcation of moral precept. A good deal
more often you can't. A good deal more often
you have to develop it less by your precept than
by your practice, and let it come as an Incident
of associations with you, at) an Incident to the
general tone of the whole body, the tone which
In the aggregate you all create. Now, isn't that
your experience, all of you. In dealing with these
children in the schools, In dealing with them
In the family, In dealing with them in bodies
anywhere? They are quick to take the tone of
those to whom they look up. and If they don't
look up to you. you can preach virtue all you
wish, the effect would be smalL
I nave not come here to try to make an ex
tended speech to you, but 1 should, hold my
self a poor citizen If I did not welcome the
chance to be here, to wish you godspeed in
your work for yourselves, and to wish you god
speed in your work as representatives at the
great body upon the success of whose efforts to
train aright the children of to-day depends the
safety of our Institutions of to-morrow.
Immediately on finishing his address la the
hall the President was escorted to the north
balcony of the building, beneath which were
massed the pupils.
Prtßtdtat Roosevelt addressed the boys
At the end of the exercises the President and
his party re-entered their carriages and were
driven to the home of ex-Postmaster General
Smith, where luncheon was served. On the
way to Mr. Smith's house the scenes of en
thusiasm were repeated. Later in the after
noon the President repaired to Mr. Stoteebury's
home, where v. reception was given for him.
After a hrief rest he then went to the Union
League Club.
Philadelphia. Nov. 22.— Some excitement was
caused this afternoon just after President
Roosevelt left ex-Postmaster General Smiths
house for the reception at Mr. Stotesbury"s. The
carriage containing the President and Secretary
Orfeiyou had just started, flanked on either
side by a squadron of the Philadelphia City
Troop. A Secret Service man was on the box
of the carriage. The roped off sidewalks wer<*
packed for ceveral blocks. Suddenly a man
pushed hi? way through the crowd, darted un
der the rope, and rushed straight for the Presi
dent's carriage.
The Secret Service man saw him coming, and
shouted to the police. "Keep that man back!"
At the same time Secretary Cortelyou. who is
ever alert upon such occasions, caught a glimpse
of him, and, springing up. leaned far over to
protect the President from possible harm. The
man got by the mounted guards, bin. as it
turned out. he meant no mischief.
"L only want to shake the President's hand."
said he appealingly to Secretary Cortelyou, ex
tending an open palm. Secretary Cortelyou
thereupon sank back into his seat, and the
President gave the man a friendly handshake.
Meantime the carriage had stopped, and. mount
ed police and troopers had formed a close cor
don around it-
In the confusion a colored man " had also
reached the carriage. He grasped the Presi
dent's hand and covered it with kisses. The ex
citement caused by the incident subsided In an
instant, and the procession proceeded.
Lewiston. Me., Nov. 22.— Lester Sturtevsnt and
Arthur and Willium Jordan, asred fourteen, fifteen
and sixteen years, respectively, were drowned in
the AnUroscoggin Kiver. above Lewiston Falls,
thta afternoon. They were crossing to a feinall
island Ir. the river, and their boat was overturned
by the rapid cumnt.
aa yon may overlook, the little ad-v erllir.
meuta In the narrow colnmm.
The Financial World.
The rapid reaction which the market has fca
the past week, whereby prices have recover,
half th* decline or more they suffered to th*
preceding two weeks, is one of those cat^j
rebounds which we all know mast cora» h»
rarely know when. A week ago yesterday
looked as If a reaction was due, so contbnil!!
had been the decline, yet the feeling I^^
Street was strongly bearish, particularly a , <,
was rather openly said some old scores «*su
have to be settled before there was like]* *,
be a turn for tha better.
However, the market on Monday was stei*»
when Manhattan made its start on that ap«M
career -which was to furnish the Street with »
new -sensation. On Tuesday it was known tktt
extensive storting loans had been made* m
after this Kuhn. Loeb & Co. set everybody
talking by coming Into the money market wfti
large offerings of time money at 6 per cc»
Even the wild Jumping in Manhattan scared
mad* more talk than this outflow of ttj»
money, because it was the first which has bees
seen for quite a while: it was offered at as
more than the legal rate, and it came from an
unexpected direction. The effect on the itaek
market was strongly bullish.
It v.-ould be an error to suppose that the
money conditions at this time are such Cat
time money cannot command more than 9 pt
cent. Higher rate? could have been obtatasa
for the money which this, banking house htf
but M seems to be a rule there never to Bale
loans at a rate over 6 per cent— of course, tha
applies only to time money. On call, tiers B
no statutory figure. The sterling loans abet*
referred to are calculated to have all cost be.
tween 8 and 0 per cent. They aggregated,
probably, several millions. Who the borro»«
were can only be guessed at. "When Jt betas*
known round the Street that the loans had beer,
made, a movement in the stock market was
naturally looked for. 1; being assumed that this
was the raising of the sinews of war by ace*
powerful speculative interest.
The assumption was correct enough. Mq.
hattan led the way upward, Its advance at us.
time being so feverish as to raise tie Vim
that a corner had been made— gave the
market generally a very sudden chili La ter
came a rather vague, seinl-oScial acoonao.
roent that the Manhattan would be leased by
the Subway Company at a guarantee of 7 per
cent. The statement seemed a little bewilder
ing. What necessity has the Subway (Icterber
ough) Company for the elevated road? Why
come in at this time, when the Subway la a
long ways from completion, to take on a lease
of the Manhattan?
Because there seemed no ordinary business
reason for Mr. Beimont putting a Manhattan
lease on the back of his company, which seems
to be already carrying burdens enough. It was
doubted whether the story was true. It seems
to be true, however. But It must, be said the
reasons so far given for the action taken, seem a
little strained and befogged: in fact, they read
as if they were intended to cover facts which
it was not expedient to make known. It cannot
be possible, surely, that the Intenirbaa people
were made to swallow something disagreeable?
After Manhattan had gone up twenty points
(134 to 154). other stocks took up tie running,
St. Paul beins the leader. A good deal cf St.
Paul was bought recently when it broke 110, b~
people better In a position to take oare of it
than those who sold it— because they had. ta So
when the market generally had been turned, St.
Paul was In good shape for a quick rise, and It
simply soared from somewhere around 172 to
ISI. From the latter figure, which was attained
yesterday morning. It broke back two or three
points, as if the turn was over. While these
advances were being made, the whole list it
sponded more or less, and the closing figures of
the market yesterday show substantial gains
over those of the week before.
Both from the low figures to which they tad
fallen, as well as from the outlook for the coal
trade, the Reading Issues offered as favorable a.
chance as any for a rise; and they appear now
to be on the way upward. The reports from the
mining regions that the miners and the opera
tors are coming to an agreement among them
selves, without waiting for the award of the
Commission, Is encouraging to this extent— that
It shows that both aides have tad a.! they want
of fight, and a. treaty of peace made under such
circumstances Is usually good for a long period.
Anyhow. it will be many a long day before there
13 another general strike In the anthracite
regions. Thus, despite the large losses si the
strike, the outloot for the coal stacks Is better
than before.
Although to most people it would seem tnat
the market had had a sufficiently rapid -action,
yet it Is claimed that if money corvJltioas were
more comfortable the extent and sweep of the
upward movement would have been far beyoaa
what it has been. It is asserted that the short
Interest In the market is extraordinarily • ars * :
or perhaps tt would be more correct to *<•>'. t5«
It was. A considerable reduction of •' ess
have been effected since last Tuesday. In Man
hattan the shorts— who were numerous— nevw
had a chance to cover except by climbing -c r
the stock, so rapidly was It rushed up on t&«a
It is probable also this was partly the cause of
the way St. Paul flew up.
Of course the question which Is commonest
in tha Street now is— has the turn com* * :
good? Not yet. Financial conditions are &S& 3 ''
it. But after the heavy liquidation we fca*»
had recently, it would seem safer to buy <? a
breaks than it was. Some of these stedu are
setting down to a level where when they breaK
from it. borne down by breaks ia other par"
of the list, they are sure purchases for a rall -"
New. outside, and untried things, represent
inc the belated creations of the great boom,
had best be left alone. Those who have such
stocks are in bad case. Tiie liquidation^ which
continues to break out at intervals now. largely
comes from people who have taliea on burdeaa
of unmarketable stuff; and have to sell what
ever they have for which there la a market, so
that they can carry the heavy load -- the °"
marketable. How far this extends, can ony
be guesssd at; but tt hi one of the dangers si
the market, and all the time a pressing danger
while financial conditions continue as unsettled
as they are.
We look at tha bank statement an! see th*
surplus at about 20 millions, with a 10 million
surplus to be- added to this in emergency, from
the Government deposits. . Eull markets hay *
started on, less favorable showings In the pas-
Not. however, where other items in the state
ment were as they are now— equality, for ex
ample, between loans and deposits- They ar«
only a few millions apart. They have been ■
hundred millions or more.
The truth is. we are at this tims In a mone
tary state where the reserves available tor
speculative purpose* are so easily withra tea
control of the greater financial Institutions, that
checks can be put on bull operations. »hi<--&
make people who would b* largs borrowers «■»
ccedlnsly careful. ' They know they could not
engage In extensive operations without **•••
danger. .
So long as such conditions continue* you mar
have quick turns after a sudden access or
liquidation, as we see the past. week: but tha
foundations for bigger things are not there.
They are being laid, however. The return
money flow to this centre is beginning: and »*
export returns are showing i improvement.. 'Tfcas
is the best than can be said lor the moment:
and In addition, we may guess that the W^*^
movement of the market has some way yet

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