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New-York tribune. (New York [N.Y.]) 1866-1924, February 16, 1907, Image 2

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will be claimed, had an influence that made
Thaw susceptible 10 the delusions -which caused
him to kill Stanford White.
Following Mi- Thaw the defence hopes to call
Anthony Comstock, of the Society for the Sup
pression of Vice. Comstock is ill at his home In
New Jersey, but is expected to be able to ap
pear. He will testify to a complaint made to
his society by Thaw against White and other
After Comstock the expert* will again have
their Innings. Dr. Evanu and Dr. Wagner will
be recalled to swear that the prenatal influence
described by Mrs. Thaw was sufficient to pre
dispose Thaw to the Insanity which was mani
fested by the no-called "brain storm" or "psy
chic explosion." Dr. Hammond and Dr. Jell iff c
will also testify in this direction. The end of the
d>fen<'e's case will be the recalling <>f Dr. Dee
mar and Dr. Kinpamnn. of Plttstmn?. to tell of
insanity in members of the Thaw family.
Hr.w long all this examination will take it Is
hard to say. c\on the defence's lawyers being
una bin to estimate. It is safe to prophesy that
It will take all of next week, and possibly Home
of tbm week after. Predictions have been freely
made in the last day or two that the trial will
not b" endf-d for at least a month,- bringing it
riose to the middle of March. Jit least, before
Thaw will know bis fate.
Thaw had a busy day. Ho had n basket full
of letters to go over. Including some delayed val
entines, and also had calls from several i"'
sons. Mrs. Evelyn Thaw, 'dressed In a new
brown suit, giving her a little more mature ap
pearance than did the school girl blue dress she
hap worn in court, was with her husband all the
morning. Mrs. William Thaw visit, her son for
an hour an then went to Mr. Hartridge'a office
f r alo tt conference.
Michael r>. Downey, the night kfei.fr on
Thaw's tier in the Tombs, died in the Gotiverneur
Ho!>pitfil yesterday.' Downey, who for twenty
eight years had guarded Ih<- main entrance of
the Tombs was at first disliked by Thaw, but in
the last month or two the- prisoner and keeper
bad become friends. Thaw whs much disturbed
at the news of Downey's death, and had Warden
Flynn send a wreath of flowers.
Leave to Apply for Writ of Man
damus in Pearl Duty Case Granted.
Tiffany & Co. gained a point yesterday in their
efforts to compel the Collector of the Port '••
receive $81,022 ad valorem duties on pearls im
ported in 1902, when Judge Martin, of Vermont,
Fitting in the ['rrHed States Circuit Court,
granted Arthur M Kins;. ex-Assistani United
States District Attorney, an order which gives
Tiffany A- Co. forty days within which to apply
for a writ of mandamus ■■ compel the Collector
of the Tort to receive the duties and forward
all the papers In the cape to the United States
Board of General raisers. The result of the
cape is being anxiously awaited by all importers,
as it will settle a point in the tariff act relative
to the importation of jewelry which has long
been ■ source of wrangling. The case in ques
tion has been dragging through the federal
courts for several year?.
In I'.hi_' Tiffany & Co. Imported from their
Paris house several packages of unassorted
pearls which were said to have been selected
by Morris Guggenheim, who bought them aftar
they were made Into a necklace. The pearls
vent to the .custom house and were declared
dutiable at in per cent ad valorem. Mr. King,
who is assisted by D. Macon Webster, said yes
terday that the duty was paid. There la a
clause in the Tariff Act, however, which ghes
the government the right to reliquidate within
a year after an appraisal.
"About ten months later," Mr. Kins: said yes
terday, "the Collector of the Port reliquidated
the duty at CO per cent ad valorem; holding thru
the lower rate applied to drilled pearls or pearls
In their natural state, the higher being th.it
Imposed by the tariff act for pearls fit for a.
"The Tiffany firm protested against this re
liquidation, hut did not pay the added duty, on
the ground that the tariff act set no time limit
within which payment should be made. There
upon the government sued to recover $81,022
duty imposed. Th« case was taken to the
t'nited States Circuit Court, and a jury there
gave a verdict in favor of the importer, holding
that he was not liable for the higher rate of
duty. The government took the case to the
United States Circuit Court of Appeals, where
Judges Wallace, Lacombe and Coxe reversed
the decision of the lower court, holding:, in sub
stance, thai where an Importer is dissatisfied
with the action of a collector he must both pro
test and pay the duties, whereupon the collector
must, under the tariff law. send a protest to the
t'nited States Board of General Appraisers for
determination, and that the question of classi
fication of merchandise cannot jIP submitted to
a jury.
"Tiff' & C 0.," continued Mr. King, "made
a tender of the duty Imposed to th Collector
r.nd asked thnt he send their protest to the gen
eral board. The Collector declined to receive the
duty without Instructions from the Secretary of
the Treasury, and that official refused to direct
the Collector to do so, taking the position that
the importer had lost his remedy by . lining
to pay duty and defending a suit for recovery.
He said the case had gone too far for depart
mental relief, and that the only way out was to
pay a judgment which might be rendered In a
new trial.
"The Importer applied to the Vnlted States
Court of Appeals for relief and that court hand
ed down a memorandum which, in the opinion
of the counsel of Tiffany & Co., clearly points
cut the course to lie- followed by the Circuit
Court, in part this memorandum said that the
Circuit Court was empowered to grant such re
lief and to suspend the trinl until the importer,
by payment of duty assessed, may put Itself In a
position to try the question as to the *-la«sifica
tlon beforo the board of gen'-ral appraisers."
Jndge Advocate at Penrose Trial Acts on
Witness's Complaint.
F P ■"■ ■ ■ slnr'l
! 1.-.' -
c r , for
' ■ ■ ■ • eanl no
id Mr.

f-ni I ■ refrain
• |Rv Tflccrapli t<> Tho Tribune.]
Hagenstnwn, Md.. Fob. l."i.— Laboring under
the delusion that everybody ''- af l turned against
him. D. Frank Snyder, general manager of the |
Silk Bib.on Company, of Hagerstown, this
evening shot John XV. Rohrer. secretary of the
company, and then, turning the weapon upon
himself, tried to commit suicide. snyder will I
be likely to die. but the injuries of ltohrer are I
not Eciious. I
A Minimum of Space
A Maximum of Tone
Only five feet five inches in length but
with the real Grand quality of tone.
Over 300 Stack Pianos are in daily use in
New York's public schools — great durability
is a characteristic of the entire Steck product.
Pmlao Cl(\ ~f\ • MmW»t» month!T pa/neat*
« TICK 3OdU f '■ ij b» irtlogrd If pr*U\
Mah^pjcy Ca*e.
Thp A onllSln Cf\ Aeolian Hall, 362 Fifth A .
1 lit /\CUIICIII LU. near 34th St., New Vi rk
sinriroiis number n.
Waiter on Larchmont Succumbs —
Company Upholds McVay.
i- .... 1 Another name was
added to the list of victims of the wreck "f the
.! I. . . B ti mer Larchmont in Block Island
when James V'ann, •■
Keg. • waiti " | "' ll( " 1 1 1 • »^^ ■ Bayed, .ii'-.l
Side Hospital in this Ht>. Hi(
number of survirors of the 160 per
iione known '.1 have been on the Larchmont t"
eoventeen The other survivors are believed to
be in 1 recovery.
The identification of the seventy-six bodi'-s
lhat hi ■ recovered hat made bo great
progress that at 10:45 o'clock to-nflfht onlj eigli
remained unclaimed at the morjrue in this city.
A few days more "ill be allowed for Identifica
tion, and then the unknown dead will be burlpd
by the city.
Tho United States authorities at Now Londo 1
have partially finished their Investigations oftfc •
accident by taking the testimony of the captain
and crow <ii' the schooner Harry Knowlton,
which rammed the 111-fated steamer and sent
her t.i <i; structi. in.
These men have been released and are now
on their way to tlion- homes. The Inspectors
yel to hear Captain McVay'a account of
tli. disaster, and II Is expected that that offl
deposition. as well as thai of his quarter
•. James Stable.s, will be obtained hi this
city, as neither is as yel able to travel to New
London. Those on the schooner declared thai
they held - 1 ■ stralghi down the Sound
Rock Light toward Point Judlti
that the steamer tried to eul across the bow r»f
1 ti. ir boat. It is understood that Captain Mc-
Vay and his quartermaster declare thai the
nchooner altered her course and luffed Into their
vessel. Tho controversy Is likely to continue for
' 'tno.
\ stiff northwester to-day drove the Block
: searching Heel back into the harboi
for the first day since ihe wreck no bodies were
recovered. It is now believed that should others
be found they will be discovered well to tli"
eastward <~if Block Island, perhaps a< far as
Marthas Vineyard, near which a portion of the
wreck was seen floating this morning.
names of Mr. and Mrs A A. Potter, of
Andover, N. V.. were added to the list of tho
missi'ip lato this afternoon.
A meeting of the officials of the Joy Lit •
held to-day. runi at its dose the company gave
M!i b statement denying thp charges of cow
ardice made !■> Borne of Uio survivors apainst
Captain McVay and the crew of the Larchmont
In refi their behavior. Luther l>.>w. „f
New York, c-neral counsel for tho American
Association of Blaster Mates and Pilots, attended
tk.' meeting.
The following additional identification* of the
dead were made to-day: ,
BIGGAII. nnbcrt. fifty, of No. fil2 Bouthbi Ige »tr*»i
COHEN. nenjamin. of Providence.
I'lNKl.i.. Isaac, twenty-elffht of No 20 Suffolk gtra«t
New fork City.
HEADL William D.. waiter, of No » Willow Tark.
Roxbury, Mas«.
JI'KAT, Arthur 8., thirty, of ' N'n. M Market strMt,
Bright,on. M.-i".
BTEVEJTB. Thomas. P.r«rnan. .Tli!r»«>< unknown
WASHINbTOX, Wymiom •'. Jaeeait" handler, of
Gloucester County, Va.
Probably Broken Off by Passing Vessel —
Hulk Not Yet Found.
N. w London. Conn.. Feb. 15. -Tbe lighthouse
tender Cactus brought In the mainmast of tiv-
Larchmont this afternoon. It was broken off
sixty feet below its top, evidently by
I • raft About a do* n thick
win- guy ropes and an iri'-h iron boll had b<?< 1
snapped. A portion of the gaff and -
castings of the mnst • hoi to !'. The
II return to hum for •
The inquiry i;it" I ■
Larchmont and ' ; " Harry Knowlti 1
d in 'his city yesterday, and at
Captain Haley and three memoers of the crew
ol the Bchooner made sworn state 'ill bo
continued in New York and Providence. This
will obviate the necessity for bringing a large
here. The New London
c Ihe decision In the 1 :r j '
The purpose ■■! the hearing is •„. ascertain n
there wai any negligence or Incapability on thf
part of n;!i the Larchmont in connection
v. Ith the collision.
Captain of Kentucky Says Larchmont's Com
mander Did Not Show Cowardice.
Joy T.itiO Rtenmboat Kentucky, ■
10 tho rescue >.f the Larchmont's pa!
Block Island and transferred to Providence th«
irq and the bodies of the dead, arrived here
yesterday. Captain Gray .>f the Kentu< ky said thai
ting Captain McVay nt the Larch
of cowardice werf absolutely f;.i-.-. Hi
In McVay provided for the welfare .>f
ih<- passengers before );•■ to..k to th.- lifeboat, and
was forced to cast off when he did to save the
i'.i.u from being swamped.
"The Hin-v'vora spoke well i.f his conduct through
out tho whole accident," h-u-' < aptain Graj
• eat pain at .-.<!, 1 'aptain
McVay begged that the pa ■•<! Cor
ttentlon t., him."
A nui si ngi 1■- \>. ho 1 lid they wei
lives of victims sal:.-.] f.ir Providence last nuh!
<.n tho Kentucky, rt la thought n few Impostors
:,;i\o iMkon advantsge of the Jo: Line's offer of
fr. '■ ti inftportation to Prov - erintendent
Noble s;,i,| yesterday that 11
lin< if persons t...,k advant ■- tuation and
■ 1 upon the ..tfi. i.,is. "We would rathei havn
a rtozon impostors ride free on our ;in<> t,, Provi
de™ •• " said Mr. Noble, ' I
nnv relative anxious to identify the body of a wre k
i),'i\i.i Kaplan, <->r No . ■ East 114 th rtreet, called
terday. 110 h..!.i i
- ' ■ . Ephralm Kaplan, had p<
• BJOI ii Anderson, •■!' No is
' rooklyn, complained to Buperinti
thai aft-r sending the body of his bn
lenton, to New York he was unable to
bankbook and other propert; which he de
i-lared must have been "!i t'no body wimn found.
•A. L. Was-, «.f No. 122 Essex istp'.-t. ■ steamship
where Eno's ' Fruit Salt ' han been taken in the earliest stages
of a disease it has in innumerable instances prevented a serious
illness. The effect of
upon any disordered, sleepless, or feverish condition is simply
marvellous and unsurpassed. In fact it
Wb atetttle of Mes^r^. F. Pot' ; PR A .* Co.. 2fl. 28. and 30. North William Street. Now York.
ag-ent, n-hosi ■ . ■ nme of t'^ 1 ' lists
..f those ni ; ssii r .in tin Larchmont was not .>n
■ Learner. Mr. Kasa said > esterdH >
was found on t 1 •
- he Is an ay nt for the Joy Line.
Washington, Keb. 15. — Secretary Straus of
the Department of Commerce and Laboi lias
determined in establish a system of more fre
quent inspection nt ferryboats and excursion
steamer.': In the harbor of New fork. Instead
of the mi annual inspection which is now made
there will lie Intermediate inspections as often
as reasonably practicable, but no! less than
three or four times a year. This change In
practice is the result of a conference between
the Secretary nnd Mr. [Thlcr, supervising in-
Bpector general of the St. Mini'. ..it Inspection
Service, to-day, In regard to the sinking of the
ferryboat Patcrson In the Hudson River, as
well is other ferryboat collisions In New York
The statement is made at the department thai It
Is common knowledge that the N. .-. irk ferry
boats an dangerously overcrowded In the "rush
hours." Tills condition, however, the department is
powerless to remedy, is by express statutory pro
vision ferryboats are exceptecl from the Kenerai
power of the dcp:irtnirnt to regulate the number of
passengers on steam vessels. Recognizing these
conditions. Secretary Straus has determined to r(i
port to the most expedient method available within
his statutory powers ■■• meet the situation, viz.,
more frequent Inspections. The department statis
tics show that in the harbor of New York the pas
senger vessels in the last v.-iir cani'il about 189,
in«V«hi passengers. The great majority of these
passengers nre carried on ferryboats, in 19»u six of
the ferry lines transporting over 107.000,000 of tfvin.
William ! : Produci
■ ' • Putnam avenue,
the < ;;it< « avenue ;<■•
ter hi
made ■ Patrolman Frederick Wenz,
KrownHville police station Mr. Moon ■■• -
way home Inst Friday i-il-!.i. «!i.'ii • . - .\
two m. 11 heatinß another M red, and Weni
ef using to take any
Ten of the seventeen turn arrested for throwing
etrßs nt tlie Russell brothers at th« Orpheum The
iitre. Brooklyn, on January 31. were held in $.»)
ball for the grand jury by Magistrate Steers, .11 the
Myrtle avenue, police court. Brooklyn, yesterday.
Seven of the defendants, most of whom Kav.- Man
hattan addresses, w.-r* discharged. Assistant Dis
trict Attorney r Ma honey appeared for the people
ana ex-Judge Kaggerty nn.l .fames A. Don-can for
the ilefenee.
No Dealings wieh Bailey. Says ex-Presirent
of Oil Company.
Austin. Tex.. Keb. 1."..- The l, s i F |, !h , committee
Investigating charges Hgalnst Senator Bailey thin
•"ernoon placed A. N. Finlaj-. vice-president of
he Waters-Pierce ON Company, on the stand as
the principal witness, opening s committee review
" the hooks .if ti 11 company.
Mr. Flnlay explained his connection with the
Waters P,erce (-11 Company, which began In Ist*
I P to the year ISOO he acted as vlc^pre«ldent and
ror several months during that v P a r he was nresi:
Mr. Flnlay; .aid that he was ,nad« pre.ldcni when
the company was reorganized in February. 1900
He remain.-,! president until May. i>,| W hen Mr
Pierce again became president, lie could not teli
the reason for the change other than it was he
cause of legal complications. Tho witness was un
able to go Into details as to why the company
wan reorganized In February. 1900 and did no.
know anything about the report tt at "i'ierre had
Mir/nn 1 ;;' 1 ,"" "'" h n^ y ''>• &•> Standard
1 ..„ " .''VV'"" " f Ul " Bu l'Po«ed political in
nuence exercised by him in lexas. .Mr Mnlav
i. v V"".- HVH V" k ot the Waters-Pierco nil "v L
.'f 1, " I V'' r " ;u ; > - 1!< ""- amounted to 4.00O ;B harei
or which about -,7o<> filiiires belunciul to n, ,\l-, . 1
ard oil Company. In May. :iV'^ „', Mr Pier .1
s^cicfbe'iSd^ u <r •v;-" I"'^-1 "'^-- "•"■• iv h!i n,:
S t'l. im-.<l to Mr, Pierce, lie could not re-
Pierce" n^me "^ "'" BlOcit »'">lneU in Mr.
n iftWfwiA^^fe "'-"-i
th- buokV'of".^"'^":'" 'V: Waa '"'" '■■'»'i"ar With
fn. m | ;-..^r,^rij^ 1 ; " ■ - f "- -^
*H;::r;Kn.^ 1 marked "Henr^
admitted approving the voucher, but could not? r2
member the cause O f the voucher.
draft d°r a 'ii-n ce heh ce v Xr r ai w b^f!, ng .l. l . h " notatlop. '•Sight
i.i.irt maw n by J. \\ . Bailey," iio sai.i the wrltit.L
was his but he could find no record of the tr ,-
Bailey v\ul t " \T \n " >1 ' 1<",1 <" , s " v " riU vi.»ts?Mr
lolU Mr . I'ier.V ' company In IWO
f< "i^V hat i W \^ the under standlng among the of
flcials and higher employes of M,. Waters-Pierce
':', Company an to the power or Influence by
which the company's troubles In Texas were over-
Texafeasked i to COntinue '"
J do not know other than that Judge Johnson
" l] Mr ' • and made . s.tN
wh^l^'^r'concl^^n^f.^^ 1 m:,u, W ' t!l
« !.;■ li ! did not conci 1 n myi • If."
Baltimore, Feb. 18. The Third National Hank,
tho only all-night hank In Baltimore, will dis
continue its all-night feature In conformity with
the action of the Baltimore Clearing Houi
Boclatlon, which yesterday adopted n resolution
limiting the hanking hours of Its members from
!t or I<> a. m. to ."'. p. m
Topeka, Kan., Feb. I.V Tho Kansas Senate
to-day, by a vote of 24 to K(, adopted a resolu
tion barring representatives .-r "The Kansas city
Star" from the floor or galleries of tbe Benate
The action was taken because "Tho star"
printed articles commenting on tho alleged i>ro
rallroad tendencies .>f the Benate.
U'ouhi Male Improvements for
Fifty Years of Growth.
Theodore I. Shonta, chairman of the Panama
Canal Coinmlspion. who as the newly elected
president of the Interborough-Metropolitan
company has already taken up the transit prob
lems of this city, gave some Idea of how he
m. .ulil treal them In a ppeech lasl nlßhi a! the
: annual dinner of the lowa Society .'<t
the Waldorf. To the bo] he probh m
of relieving the rongestii n of traffic he promises
to rlvc Ills Instant attention. As to the second
problem, which he said was the preparing of
plans for adequate facilities for the next fifty
years of the city's growth, he hopes within ;t
reasonable time to present such plans for * full
:ind free discussion by the public ai d the proper
authorities. II. • s.itd he thoughi the public
should be a sharer in all the n
Most of Mr. Shonts'a speech was about the
Koneral railroad situation, the state of the pub
lic mind against railroads and the tendency of
state legislatures to reduce rates. Admitting
thai the railroads in the past mißlit have been
responsible for some ••' the public feeling against
them, Mr. Shonts said they were now badly In
need of money fnr Improvements, which was
hard to pet on account of the state, of the
public mind. I. ft bygones bo bygones,*' ho
Bald. "The time Ims come for what tho Presi
dent calls a 'square deal' .ill around."
Ho spoke against the present proposal to limit
profits on capital Invested In railroads to fl per
cent of the money Invested, and said it was not
fair thai a land owner should profit by the un
earned increment and not the owner of railroad
stock He predicted that if the present move
ment for reduction of rates prevailed generally
there would be a crop of receiverships.
Secretary Shaw or tho Treasury Department,
■who spoke to tho toast "Sonic Things Accom
plished," <--poke rather of some things to be ac
complished, such as the establishment of a mer
chant marine, th«« ijialntennnce >>f a pood navy
and th' search for foreign markets. He pre
dlcted a tin of stress when we would not have
a. mark»i for our overproduction in manufact
ure* because the reji of the world would not
come after tho product.
The referen of Mr. Bhonta to what he pro
posed to do in the local transit situation brought
forth great applause. This Was particularly
true when ho said: "Lot the railroad managers
lay aside all subterfuge and come out In the
open Let there be a maximum of publicity ami
a minimum <>( legislation. Nothing appeals to
tho public so much as good service. I believe
that if you treat t lit- public fairly you will gel its
«...,. I will."
Regarding his plans !•■ Improve the local tran
sit situation Mr. Shonts said:
1 presume I sh.iul.l t •*!* you something about the
Interborough. Frankly. 1 have not K<>n* deeply
fiintijfii lnt.< the subject to i>e able t<> state more
than th« KeiuTiil truth tl;uf the uftners of New
York's transit facilities have followed the rule Which
lias governed transportation companies gen< rally
throughout the country, namely, enlarging tht-lr
facilities by piecemeal, with the result lhai Kf«ir»>
one n»-t i.f Improvements has been finished the
volume of traffic has exceeded its capacity.
Two problems now confront us. The first, nn.l
the one pressing for Immediate solution, la to iV
vlse waya and means, even though necessarily of
v temporary character, which will give relief From
tiir aggravations of the existing congestion. To
this problem we will give our Instant and b.-sr at
The second and the broader one Is to prepare
plans poking to tli»- future comprehensive enough
to provide adequate facilities t«>r the n.-xt tlfty
years of the city's growth and on a seal.- llb.ru!
enough to Xiv». It better transportation than la fur
ninhed the people of any other city In the world.
This plan should safeguard the rights of the tr.iv
elllng public, the rights of the city and the rights
of the stockholders of th.. transit companies. My
own ldt'n is thai th»> people an ,i the shareholders
should ba partners In the J.enein to be derived from
the execution of mt.-h a plan.
I am convinced that th»* construction and opera
tion of n transportation system along the lines
herein Indicated will effect a better understanding
betwe-n the people who pay the fares and govern
mental authorities nnd the shareholders — t tie three
parties primarily Int. rested In the bi>st solution of
the probl. m before us.
I hope within a reasonable time to submit to the
proper authorities, for a full and fair and frank dis
cussion, .1 proposition drawn on the lines I have in
dicated, with the conviction that an agreement will
lie reached which will be satisfactory to the munic
ipal authorities, to ourselves and to ever)' fair
minded and thoughtful citizen.
In opening his speech Mr. Shonts said tit- had
drifted from the West Into the Interborough
company by way of Washington and the Isth
mus of Panama. He continued:
My attention hits not been called to aerial navi
gation, but with most other kinds of transportation
1 am familiar, i have had personal experience
With various above ground varieties, both by rail
and by water, and perhaps I may be permitted '■■
nay that my experience In Washington Mas given
me valuable knowledge In regard to underground
or subway operation.
I sh.'ll briefly state the conclusions to which my
studies of the transportation problem have i. .1 m.
Railroads have made possible our continental ex
pansion and our industrial growth. Railroad could
not have been built without money, nor could they
be maintained without remunerative rates. 1 1.1,1
the present proposal to limit? profits to 1 per cent
on the capital Invested hi-ld sway during th" early
days of railroad construction, but few miles of
railroad would have been built.
'lne pioneer railroad builder, who risked \iank
ruplcy and usually found it. was to .1 larger ex
tent entitled to the Increment resulting from the
successful venture than 1 1 1 • - pioneer farmer, who
pre-empted government land at SO cents an acre
and saw It rise in value to $tr.it an aeiV because of
the construction of the railroads. Not only was
the risk of the pioneer railroad builder very much
greater, but the. Increase In value of ti.o farmer's
land was entirely dependent upon the development
of the country around lilt.:, and on the bringing of
foreign markets close »•« bis door, results which
were made possible only by th« construction accom
plished by the pioneer railroad builder
It Is true that conditions have changed. Whereas
the struggle .1 few years ago was to .—-1111. traffic
to fill the railroad facilities existing, the struggle
to-day is to provide facilities to properly hand!.. th«
traffic proffered, Bui does thin change in conditions
justify a complete c!ir:iku in financial methods?
There are two sides to this question It Is no
doubt true tint Borne Inequalities and hardship*
have grown out of allowing stockholders to sub
scribe exclusively for new Issues of securities, but
may It not also follow that' with the extra profit
thus received taken away from them there may
be difficulty In raising funds to provide, money for
the improvements now demanded?
] personally doubt the wisdom of placing limita
tions In the amount of returns stockholders who
put their money Into this class .it investments
should receive, But however this question as to
the securing of money for initial construction may
be determined, what about tb« rates i,, be charged
in order to secure the money for subsequent Im
The attitude of the present national administra
tion on the question of rates lias not been to se
cure their reduction, but to prevent unjust dis
crimination In them. Railroad rates In the United
States »r>. lower than anywhere else in the world
while the service, under normal conditions is
I do not think that the public in d«>mandine
cheaper transportation so much as It is demandtnk
safe, reliable, and aden/ist* transportation. When
we consider th* problems confronting railroad man
agement. it is apparent that railroad rates must
be maintained nt certainly nothing helow the nre«
«nt level. Personally, I am of the opinion that In
some Instances they are already , below prcfitabl"
basis, and should be advanced. '
J&i me matter of improvements the railroads of
Winter Tours
to Colorado
The dry, crisp mountain air of
the Rockies is at its best in
Winter. No more healthful
journey can be made than a trip
to this great Resort. Very
low rates to Denver, Colorado
Springs, Pueblo and return.
$2500 Chicago. $230? Ss-.
Tickets on vile February 10. Match 5 and 19.
April _' and 1*?. 1907.
$A^>Bs ChiTago. $j BS st Loui*.
Tickets on sale every Hay to May 31. 1907.
Union Pacific
Inquire of
287 Broadway. New York
the country, almost without exception. hay» been
pursuit a hand to mouth policy. which has proved
costly to themst ires and irritating to the punllc.
To-day, when the railroads are confronted with
conditions rei|utrhn; more comprehensive improve
ments than ever before in their history, and con
ftequentiy preater utilization of money than ever
b.f.irp, they :,r.' confronted also with a state of
public mind extremely hostile to mselves, so
that the raisiiif: of ir.onev to provide facilities so
urgently needed is. under present conditions, well
nigh impossible, although many •!' the corpora
tion? hay» fought to do so at the risk of almost
imperilling their credit
Th.- situation is a jsrave one. If the various
states continue arbitrarily to reduce rates, as snm«
of Hi-: aii- doing, and the various labor organ
izations continue to press their demands for in
cneased wages and shorter hours, the n»>xt unprece
dented crop harvested in this country will be a
rei.ird bre;«kir.ir crop of receiverships.
1 am not here to say that the railroad corpora
tions have nut d lie v great deal to justify the
hostile f^elint: which exists against them. Neither
am I h.-re to . K .iy that the violators of the law
should not be punished by the law; but I do wish
to say, and vith all p.ißsihle emT>hn<--is, that, In my
Judgment, tiie time has come for fair play to both
sides of thl* controversy. In oth<»r word?, the
time has come for what the President calls a
''square deal." but we want it all around.
In this connection it might be well to define what
Is meant by the term "stockholder." I am simply
Ktatltip a fact we all know, but which some se»>m
to forget when I say tint by '"stockholders" is not
meant the Goulds, the Harrlmans, the Vanderbllti
ami th« Rockefellers, whose holdings, large n.-;]h>'Y
may be, are lnrlnlteslrn.il as compared with the va.-=t
sums Which the tens of thousands of our citizens,
represent Ing the paving* of their lives, have in
vested In our industrial and railroad securities.
These people have pi. iced their savings in these
securities in tho belief that the government will
protect them In th»!r rights as against dema
pogism on the one hand nnd financial piracy on
the other.
Again, there Is no doubt the attitude of some
railroad officials has bad much to do with the
present public hostility toward railroads. Not long
hro soni* railroads w<re operated apparently for
th» sol* benefit »nd convenience of those in charge
of th<m. The Idea that owners had any rights the
officers of thert- properties ..... bound to respect
never occurred to tlif latter, and no far as the pub
lic having any appreciable interest in railroad"prob
lems was concerned, this was to them an un
lit-, ami "Iridescent ilr->am." Th» concentration
of j;r..uter control In fVw*-r lands, and the cont
inent assertion of power, has of late given the
owners a much larger voice In corporate manage
ment, and the sentiment which President Roosevelt
reflects, but which he dt.l not create, is securing
for the public the consideration and treatment that
It deserves. In fact, it is becoming more and more
apparent that this* officials who best serve the
public bt-st nerve the stockholders they directly
Lei us compromise on the best available and the
m.-st practicable. I^-t the railroad managers' lay
. side (<ll subterfuge and come out in the open let
there b- a maximum of publicity and a minimum
of legislation. I^et eminent financiers and "captains
of Industry" co-operate with the I'resl.i.-nt toVrlng
iiiiout better corporate practices. Let them lay
their cards on the table and say t<> the President
"We will uphold your hands not only In enforcing
existing law-s. but In passing such others as nr*
necessary to prevent wrongdoing, but yon in re
turn must protect uh from the Irresponsible agita
tor. wherever he may be." Let us convince th»
public thai we will give it the best facilities A^ier^
can ingenuity can devise.>and In my Judgment the
funds required will be forthcoming u^ m( "^ W
However, in order to accomplish thes- results nil
agitation which is not^necessary for th» enforce
ment of the law should cease. We should" »ttt»
down to a basis where the railroad investor will no,
only feel sure of getting .1 fair return on the amount
Invested, but win also feet that his capful is " V-
Lei the owners of corporations make it their flrsi
ihenUh. *;."■'* thW PutUC and tUerrh >- »*"t «"?•

Secretary Shaw, wlio spoke before Mr. Shonts
nlso talked of the proposition to limit the profit
on railroad Investments, and asked tho ques
tion as to whether the owner of |mdi nd shouM t ,~
allowed to profit by the unearned tincrVment
and not tho ..wn?r of railroad stocks. Of the
country's matchless wealth, he said that of all
that rm.i been accumulated at hast three
fourths was due to the unearm ■ Increment. Ho
said thnt the heed for greater railroad facilities
made ■ problem almost as grave as that the
country faced before there were no railroads
Leading up to the proposition to subsidize a
merchant marine, he said the public had In prac
tiro taken money out of the Treasury to enable
men to £'• Into businesses of other kinds.
"We have spent millions In dredging rivers
and harbors— some of them navigable."* ho sahl
'•We have pursued a policy of liberality to tho
promoter, saying, 'If you will build a factory we
will take care of you. We will see that tho man
abroad do. not come In and compete with you.'
but we have not gone forth, as we should, to
search out the markets of the wodd."
He went on to speak of the nation's prosperity
of the millions of Immigrants coming to work
on American shore*, and the fact that factories
were lncroasinc faster than the farms and
"We are reaching the parting of the ways
If I know anything 1 know we art reaching a
tin,., of great stress The world will not com«
after the surplus of our factories. When ,t
begins to pile up on the wharves there will be
trouble. This century will see a gnat strife
for markets. God grani it may be bloodless, but
it will be mill.- the less severe."
"I want to warn you to gel ready for this. It
doesn't make any difference whether ■ man Is
born In Missouri, lowa or in Italy, if he has had
no breakfast and expects no dinner Whether
be is armed with a ballot or with something
else, he ■ none the less dangerous. We have
taken care of everything else but our merchant
marine, and that has gone glimmering."
Secretary Shaw said the Panama Canal would
not profit the country much unless, it could take
advantage of II by having a largo merchant
The Secretary referred to the fact that the
navy, whilo made up of the best men In the
world and as good ships as any. had no trans
ports or colliers. 'A navy without these auxili
aries." ho «mld. "is as worthless as a navy with
out guns." Ha closer! with a reference to the
Always. Remember the Full Name *
ftways Remember the Full Name *
axative Rromo Quinme^rC fJ/J/ on every
Cur«» a CoM In One Day, Cripto 2 Days^' >#"U^ r tn/T rf -» box. 23c
Lots of cold weather between now
and the buttercups.
Plenty of we^r for a new Winter
suit or overcoat, and plenty of reason
to buy.
Generous reductions on practically
all our stock.
si four-in-hands al .>."> ernts help
complete the outfit.
Rogers, Peet & Company.
Three Broadway Stores.
253 842 1203
at at at
Warren st. 13th st. 32nd st.
If 1 rrri" '* valuable to all and particular-
I\ A ! I ' L. '- v to children 1 , who should never
■*"* LJT drink stimulating tea or coffee.
DD| Nourish and warm them.
D lIU V Health Food Co.. 01 sth Ay.. N. Y.
Forbid them all stimulants anil 1/ A|"f"rr
narcotics: let them decide at 21; |\|\ri LL
for 15c buy 1-lb nourishing. ff\|\f)f\
warming. energizlnß RKI
81 Nt. Prospect Ay.. Newark. UltUl/
The Perfection of <*!-anli ness.
Efflclem.y and Economy.
The "Eddy" quarter 4 rntury
The "Premier" Sr>
130 anil tS3 Vlt"«t t'l Street,
nn.l 133 \»«-»t 41-t M.. New > .>r~
Philippine problem, ami sa'.rl that, however It
might be settled, and he could r.'>t prophesy,
justice would be done so lons as th* American
flag floated over tho islands.
There were about one hundreil and seventy* 1
tive persons >it tho dinner, the toastmaster of
which was Major General Grenville M. Dodg*.
who -was several times referred t.» us the ••build
er of the rni'«n Pacific Railroad."
St. Louis. Feb. l."».— Eleven huncire.l ho!>r»
makers and blacksmiths ami their helper*. ?m
ployed on the Missouri Pacific an. l th«» St. Lou!»,
Iron Mountain & Southern railway s. have ftult
work to-nlsrht. They refuse to accept the con
cessions offered by the roads.
I>.«ver. 1 «*■>!. Feb. 13.— Articles were filed «i:h t*J«
Secretary of State to-day incorporating IBfl Mexi
inn Petroleum Company, the object »>f ■which is to
develop oil fields In Mexico. Tho authorized capi
tal Is J50.000.000. The plan is said to be backed »T
New York capitalists.
Samuel Kraus. who is associated with "Bis Tim"
Sullivan in various vaudeville enterprises, inilud
lns the Dew«y Theatre. In Hth street, oontlnned
last night the rumors that •"lilg Tim" had S,iv««
him IPi.OOO In stock In appreciation of his services.
Mr. Kraus selected the site and named the «how
bouse In It- street, and is manager of the L!«-triarn
Theatre, another SulHvan and Kraus enterprise.
To-morrow night the l>cwey will celebrate its fourtu
anniversary. "Hi* Tim" will be there;
■ i •
W>isi:iiiKt;m. Keb. 15. —Mrs. Anile XI. Bm.iley
was indicted to-day for murder In the tlrst ciegre*
for the shooting of former Senator Arthur M.
Browa, of Utah, at the Raleigh Hotel ir>. this city
on December S. causing bis«le»th on December 13-
Mr;. Bradley probably will b.- arraigned under tne
indlcttneat SOnM time neit week. Her trtal will
not taKe ptare for perhaps two months. Sh* '***
pr.-s-nt . untined In the District Jail, where she wiJ
have to remain until she Is tried.

Edward I. Toe. of Englewood. N. J.. and William
H. Kn..\ of Bsmt <n-Hii»;e. N. J.. survivinir mem
ben of the tirm of Cudenaa & Coe. peneral export
and Import mercuants. at Xo. IIS Bread street,
made an assignment yesterday for the benefit of
their creditors. The firm is one of the oldest :n
its line An the city, doing a commission rx»i>rt nnd
import \isin.ss with Europe and South America
In coffee, hides and ostrich feathers. ,
i'h;ir',.- Bulkley llubbell. of No. 31 Nassau streefc
the igrnee, said that he had ni. idea of tiw
amount of the liaMlltl< or assets of the firm. Trie
failure. lie said, wan one of great proportion*. r>u*
he rouM not make any further ,statem#rit »«
present. ." -^ ':':'''.'

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