New-York tribune. [volume], August 08, 1910, Page 4, Image 4

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4
SmuscmenU.
A MERICAX— 2— «-- Vaudeville.
„«:£TOR—* :l6— Sev^n lay*. .
BROADWAY— I-:ls— The Susinwr \Mno««>xp.
0A51.V0- f- 15 — and rv>«*^ Brwtdwiy.
OOJb'CY ISUAND— BrJjcbton Beach I'ark. Dream
•aad. Uma Phrtc
fir H IVENTB- C— * — V«sde»-llle.
fs ET V— R: U'i — Th«>~ Fortune Hunt«*r.
OARRiCK — K:IC— Love Arnon*: ;h«- lJons.
iIiIIWVPNTI ITP 22 — — Vaiiflcxtlle.
TART IN DE PARIS— *.I.V-F,. U! NT 1910.
KXJ<-KERpbcKEr.--S:IS-T:ic Arcadians.
I.TRI>' — S:IS— TT*- «.Tic»U'r. ■ ■
NEW AMSTERDAM— S:IS— Olr0«.
Index io Advertisements.
"""""^ rape 001. I ra«*. Col.
Minn rr'r . .10 •"■ " Marriages and .
Binli^= «r. <i I>fat!iß f. •
-Brokers v l Mis=ePllnti««ou«: 1« 6-«
Board * RrMMn«. - <" Kml Estate for _
•'arp<: C!*-*Tv:nß. '.« IJ Salo or to Lot.. 7 «
T>o»k« sui Ofti<-. Remedies i I
Furniture . . " •"• Res^ rt ;••. i '-
r»eiTi^',.- siiu»- | Special Notices.....
• ions \v«ntod. 9 SiSurrosaWs No-
Kxryrslou? . .«• ' Tlim-tabHs ...... » f- ■
F;r«:. a' .. . . >< 6-7 Triton* Puh»crlp
yor»closureSa>« '.■ <'■ tion K»t« . »• ■
Furnirfic-jßoom? 7 «', Vnfurnisheo _
H*! r Wantrf.... S> 1-21 Apartments.... «
{Struct on ..... 8 71 Work Wanted....? 2
i-ott Bankbook* 7 717 1
Xt r»-DoTft (Tribune.
MONI>AY. aJDGGST 8. 1010.
This ncicspapcr is earned and pub
lished by The Tribune Association, a
\ ,/- York, corporation; <>&'■< and prin
cipal place of businc**. Tribune Build
ing, *"«. 151 *'**—* street. \- »r York:
Osden Mills, president; Ogden If. Reid,
tecretarji: James M. Barrett, treasurer.
The adtfiriw of the officers is fhc office
of this newspaper.
rSB*\EWS THIS UORXIKO.
FOREIGN. — L-arpe forces of troops i
patrolled th« streets of San Sebastian. i
«nd no serious disorder was report
ed: the government beßewea that the
proposed demonstration was intend
ed* to mask a rising of the Carlists.
■ six of the eight aeroplanes which
started from Essy for Troyes on the'
first lap of th. 188-mile 'cross-coun
try contest reached their destination: ;
good time was made, despite head
•winds. == Persian governmen< forces
stormed a position of the National- ■
ists in Teheran after an action lasting
«n afternoon, in which many persons
were killed or wounded. === Th- Ital- j
lan royal family, according to a report
from Rom-. has withdrawn objections to I
the marriage of the Duke of the Abruzzi
and Miss Elkins. - A young Welsh- j
man. u.-:i.e a machine of his own cor
struction, flew from Cardiff to London
by night, a trip of 160 miles. = Ad
vices from Cuba say that trouble is
feared at the coming elections in No
vember; there is much distress among
the poor in the island, the national lot
tery betas blamed for th. conditions.
-^ Dr. Crippen attended mass at the
prison chapel at Quebec: Miss l^neve
refused to leave her room.
DOMESTlC— President Taft expects
to have conferences during the week at
Beverly with Secretary Knox, Poet
master General Hitchcock and Secretary
MacVeaefa of the Treasury. == Th 2
United States Immigration Commission j
report? that conditions in the. bitumi- i
nous coal fields of Western Pennsylvania j
icaard the assimilation of foreigners ■
and are not conducive to stable family
life. ===== From Washington it is an
nounced that under the Payne tariff law
there were more goods imported into this ;
uuUHliji during the last eleven months
than for any corresponding period in the
history of the country. ===== The battle
ship Delaware left Newport Harbor to
make her final trials and tests of equip
ment for acceptance by the government. ,
ClTY.— Many prominent men attended
th«* funeral of I Edward Simmons. "■
Six thousand coat tailors joined the fif
teen thousand who went on strike last
weak, and it was said that the number
wcAild be increased to forty-five thou
sand in a few days. === The police
V.tgiin to bar one-piece swimming suits
at Coney Island, and made seven arrests
<jf alleged objectionable bathers. -
One arrest followed the robbery of a
Japanese in Chinatown. == The prep
arations for the- contest of the will of
J. Q. A. Ward, the sculptor, brought
forth from a member of the family a
number of demaJe of recent statements.
■; - Aviator? protested against hold
ing the international meet at Belmont
Park. = An Italian was shot in broad
\ daylight in an uptown East Side street
I and his assailant escaped. := Two
boys caught entering an apartment
•bouse from ■ fire escape told of a plan
to rob the house in order to get money
to Fee the sights at Coney Island.
i THE WEATHER.— lndications for to
day: Showers. The temperature yester
f!sy: Highest. Sti . agrees; lowest, 63.
LATIO\ accepted.
How completely the policy of regula
tion has come to be accepted by the rail-
Tmri- is shown by the recent "peace con
ference" at Portsmouth. N. H.. which
counsel of the. rail roads of the country
have just held*. According to the state
ment made by Mr. Ddgar J. Rich, coun
t-r-i of the Boston A: Maine Railroad, the
c.l ject of the conference was to agree
cpo'n what the law meant, in order to
obey it fully, not only in letter, but in
s-plrit. There was no desire manifested
to "(get around" the law or to defeat its
jMin»oses by legal subterfuges. The in
tention of the railroads was to co-oper
ate with the Interstate Commerce Com
'rnlssion, not to treat that body as the
UCtural enemy of the railroads.
Perhaps nothing illustrates better how
Jar the railroads Lave gone in accepting
regulation and hi developing ■ spirit of
conciliation and co-operation than the
cumplete absence of any plan on the part
of the Mmfetvees to test the constitution
ality of the Mann-Eikins law. Only the
constitutionality- of one provision was
discussed, and uj»on this subject Mr.
Blefa says:
There has been much discussion as to
whether the provision in the act which
r*-quires th- railroads to make no great
er charges for intermediate pofnta than
for r< raote points without the consent
of the commission is constitutional, on
th* ground that this is a delegation of
legislative power and that Congress
cannot deleg to an administrative
btx2y the power of determining broad
lines of public policy. It would set m as
If J.he commission in the exercise of this
po\v*-r •' Mild ba.v« the rij?ht to determine
■whether or not competitive points which
have been built up and have prospered
fey reason of competition shall be de
prived of those advantages. There is,
h< \'. ever, a marked Kind • on the part
«••: counsel '•: Mi^e- st testing this ques
tion. This reluctance is doubtless due
to' "- desire not to antagonize public
opinion It has been predicted by some,
hoVever. that the public will be the first
to demand the test of this vital question.
How ; different ? is thai attitude from
the one ire ate familiar with hi the tirst
kfMjM of the regulation of all public ser
vice corporations! The custom has usu
ally ?,(H»i! u}>"u ti'- p:tss:ig<' of ■ regula
tive fftaiiue. ;is for example the SO-cent
j;- Saw hi tlii* -!.'i<- '•' engage the most
a ■{■,'.> ♦•_•. minds ■■■ the country upon a
guest -jf .!Ji Jilt* po«sib!r- joints for as
v-4|ij. ■_' ii^ , .- Mti.='i;iiii\ . then to pro
cure mm Injunction tying up the enforce
ii;*!,. of • tie statute until after the Su
\.i("..■■' Court hnd spoken.! !n this Ports
jr.outli conference the Supreme Court was
naaanded ?is entering into the subject only
re:!.oi«:\ . :<-.<r\ then probably only :i» ■ re
irv-H ■«? actions brought by others than
tl c rjiilro.-'ils. rJ"!:?r J"!:? r<*w Commerce Court
Was pasiiTii mv't tith little considera
ii..., Tin* r:iiir<»:u!s exfiect to deal, not
ait!: fltc courts, but with the > rsts > te
«-V»;:;i? r c»' • i UHdoit, of which Mr.
iiivh ?••-. ■ • - •■-•■ ■• •■■■•■ v.as expressed
••(bat the Interstate Commerce Coiumip
">iun will proceed conservatively and not
"make rulings which will seriously dis
•turb existing * ondiiions." That confl
«ien<-e is doubtless justified.
' •/•/■; V V Y-WIRE" CENSURE.
We took issue the other day with
"The World's" criticism of President
Taft as ■ "penny -wise" economist. Be
cause Mr. Tuft is making 'extensive
plans for retrenchment in the depart
ments, saving a hundred thousand dol
lars here and a hundred thousand dol
lars there, our neighbor sneers at him
for counting the dimes and the dollars,
instead of dealing in the millions and
hundreds of millions. It says with
something liKe contempt:
For the next few months all the ener
gies of the administration, under Mr.
Taft's personal supervision, are to be
devoted to studying small economies,
how to save money on typewriter rib
bons, stamping: machines and other
office appliances.
Such a slur is unfair and undeserved.
No other President in our time has dove
as orach as Mr. Taft has to reform
badge! making methods nnd to enforce
ecosMsay in governmental expenditure.
Nor are the savings which he has ef
fected ;)s petty as -The World " seems
t. think they are. In t9B©-'W the Post
<>nVe I>epartmont"s demit was reduced
by about (11*098,400 by careful manage
ment. The expenditures of the Treas
ury J>epartnient will be cut at least
$2,000,090 by the reorganization on
which Secretary IfacVeagh is now en
naged. When the retrenchment policy
is carried iuto effect in all the depart
ments the anuual saving will probably
run as hisrh as (25,000,060 or (30,000,000
annually. That is a good sized sum to
be pur to the credit of a "petty econ
omist."
"The World" also tries to show that
Congress failed to reduce appropria
tions at the last session, thus thwart
ing and flouting Mr. Taft's programme
of retrenchment. It follows the disin
genuous method of Mr. Livingston, of
Georgia, and count* future authoriza
tions as appropriations in order to
figure up a total of expenditure at The
last session of 51 .098.847.444. That total,
it says, '"breaks all records." But our
neighbor ignores the fact that authori
zations are not properly chargeable as
expenditure until the money to make
them effective is actually voted by Con
gress. The appropriation acts of 1909
"10 carry many items of expenditure au
thorized years ago. A battleship, for
instance, is ordered and is paid for
piecemeal, through a series of years,
while it is under construction. It would
involve a confusing* duplication of ac
counts to charge the entire cost of the
two. Dreadnought* authorized last win
ter to the year 1909-*lO, and then to
charge the same cost in instalments to
the years 1010-'ll. 1011-12 ar . 191 2-' l3.
as the money is paid out to complete
and equip the battleships.
The only fair comparison of one year
with another is that of money actually
appropriated. At the last se>«lon of the
GOth Congress the total of appropria
tions was 51.044.000.000. But the cen
sus act of that session was vetoed by
President Roosevelt, and a new one had
to be passed at the extraordinary ses
sion of the 61st Congress. It carried
$11,000/900. chargeable against the year
ifXWIO. The total for 1009-'3O was,
I therefore, Increased to (1,065,000,600.
The appropriations made at the second
| session of the Gist Congress for 19KK11
j were $1,027,901,000. There was an act
i ual reduction of .$28,000,000. ;is. The
Tribune has repeatedly shown, and only
a bookkeeping distortion can make it
appear that an important step toward
■ retrenchment in national expenditure
: has not been taken in response to Presi
dent Taft's urgent recommendations.
The most gratifying feature of the
work of the last session was the reduc
i tion of about $20,000,000 made in mili-
I tary and pension charges, a reduction
; which will probably become permanent.
: There was an apparent increase of $20,
000.000 on one count because Congress
advanced that sum as a loan to com
plete reclamation projects. The money
is to be returned to the Treasury later.
There was another nominal Increase of
?9,214XKK) in the postal appropriation
; act which will entail no corresponding
: charge on the Treasury. A river and
harbo: act was passed at the last ses
sion. None will be passed at the next
session, so that the appropriations for
1911-TJ will probably fall considerably
short of those for 1010-'ll. The Presi
dent's retrenchment plans promise am
: pi*- results. It is shortsighted as well
: as ungenerous to deny him credit as an
earnest and successful economist.
.4 cAPTiori? rßirrr.
There ar<* certain Republican Insur
gents who have so much at stake polit
ically that irritation on their part when
as convincing a showing of the merits of
•! c Payne tariff bill Is made as was pre
sented recently in The Tribune's Wash
ii gton dispatches is not surprising, but it
;s; s (egg easy tn understand why our neigh
bor, "The Evening Post." should evince
fi eh captiousness. After citing the facts
presented by The Tribune — that under
the Payne law the free list is bigger than
( -ver. that the average rate of duty on
dutiable goods is lower than ever, that
the average rate of duty on all imports
is lower than ever and that the average
?;d vaJorems are l per cent lower than
tho«e of the Wilson bill and 4*' 2 per cent
lower than those of the Dingley bill —
"The Evening Post" disingenuously in
atdres, "How can you. by pointing to the
i v «.r:;^f> rates on goods imported, answer
"the 'Tit:<-isnis made against the I'ayne
"AJdrfen tariff? Is it any answer t<» the
' "•■\;><isures of the iniquities of ihe cotton
"tariff nnd thr wool tariff and the rub
' I er tnriff to ]>oinl to an average that
•■t(-l]K nothing about the character of the
"lav. ■?"
If our contemporary will turn to some
of the most notable criticisms of the
Payne bin it will find gro.ss misrepre
sentation of the very points which The
Tribune made clear. The Manufactur
• re* Association, for instant, has been
insisting that the average ad valorem*
are higher than those of the Dingley
!;\\. and do insurgent in good and regu
lar standing, such .-is Cummins or Dolli
vrr or T..t Poliette or Brlstow, has been
willing to concede the points made in
The Tribune's dispatch. Hence th*» ne
cessity of emphasizing those very facts.
Nor can it be denied that the average
rate of duty imposed by any tariff law is
: pretty fair Indication of whether it is
i< vision upward or revision downward.
As for the wool schedule^ it in not nec
essary for the critics of the bill to turn
to a less authority than President Taft
himself, who has declared that it is "in
defensible." The existence oi indefensi
ble schedules, however, simply makes
manifest fie force of president "Tail's
contention that adequate arid accurate
it-vision was Impossible with existing
machinery, wherefore lie proceeded to
NEW-YORK DAILY TRIBUNE, AUGUST 8, 1910.
secure the creation of machinery to take
the question of the rates of the several
schedules out of the realm of academic
discussion and make possible a more per
fect adjustment of the duties to the dif
ference in the cost of production at home
and "abroad. President Tuft remarked
.bat the Payne tariff bill was the best
the Republican party .had ever passed,
hut it is manifestly, unfair to assume that
in making that statement he had in mind
only the rates imposed,^especially. ■•after
his characterisation of the wool sched
ule. From Mr. Taft's point of view, it
is , the best bill because it affords some
reductions in rates, but even more so
because it provides the machinery essen
tial to the reduction of all unwarranted
rates, and because, by virtue of the cor
poral lon tax provision, it furnishes a
means for testing the accuracy of the
testimony presented >by protected indus
tries to quide — or mislead— those com
mittees of Congress which make" the
tariff.
THE ANTI-OPIUM CAMPAIGN.
The announcement of an anti-opium
conference of the nations at The Hague
a few weeks hence recalls grateful at
tention to what we may regard as in a
large degree a by-product of our acquisi
tion of the Philippines. It was our oc
cupation and administration of those
islands which forced upon official atten
tion the need of taking effective meas
ures for the suppression of a pernicious
habit of wide prevalence; not perhaps
altogether, if even chiefly, as a private
moral reform, but for the sake of public
sanitation aud of eliminating a fruit
ful source of both great and petty crim
inality. The inclination not only to pri
vate vices birt also to public crimes
which is commonly induced by indul
gence iv the opium habit is sufficiently
well known to warrant governmental in
terference with the practice.
Thus it was that the United States
took the lead in convoking the recent,
auti-opium conference at Shanghai, and
that it is again leading toward another
such meeting at The Hague. For this
initiative there is no occasion for this
country to claim any particular credit.
We are no more moral or scrupulous
than others fnsucb matters. But eirvum
stanres unsought though inevitable have
given us an exceptionally great practi
cal interest in the case as one of the two
Western nations which have the largest
numbers of opium users under their ju
risdiction and which are the largest
traffickers in the drug. The other natiou.
Great Britain, is even more interested
than we. and it is gratifying to observe
the readiness with which it is moving
for practical abatement of the evil.
These two nations, indeed, are the
only countries which place any restric
tion upon the opium trade with other
lands. The British Empire, in India. Is
one of the chief producers of opium,
being second oniy to China, if. indeed, it
i.« not first since China'? extensive sup
pression of poppy growing; but it uses
the bulk of Ihe drng at home and per- j
mits exportation of it at only two ports,
and there under strict supervision.
America does not export any and per
mits imports of it r>nly for medicinal
purposes and at only certain specified
ports: though there is doubtless a con
siderable amount of it smuggled in. and
much which comes in ostensibly for
medicine is illegitimately used.
It will undoubtedly promote both pri
vate and pablk- morals and law keeping
for these two nations to be still more
strict in dealing with th-> traffic and for
other i!ati"ns. especially those which
have a direct trade with the Far East,
to adopt measures similar to those of
Great Britain and America. Uniformity
of regulations and concert of action
should do much for the repression of an
International scourge.
DILETTANTI AND PROFESSIONALS.
The amusement managers of Germany
have concluded that the time has come
to protect professional actors, singers
and musicians against The competition
oi amateurs who have the means and
are willing to pay for an opportunity to
appear before the public, and who thns
rob professionals of a chance to earn
their daily bread. The plan proposed by
the German managers contemplates a
board of examiners and the establish
ment of a minimum test for talent and
technique. Amateurs who pass will be
allowed ro enter rhe ranks of the profes
sional artists ; the dilettanti who fail will
rind their money of no avail as a lever
for their ambition. The measure looks
simple enough, but artistic and material
conditions too familiar to require enu
meration here are likely to defeat it.
The problem's practical importance
concerns chiefly the interpretative arts,
acting, singing and instrumental play
hig. In the creative arts the rich dilet
tante** competition is rarely felt. In
painting and sculpture he is effectively
barred by boards of examiners called
hanging committees and juries, which
may periodically become too academic
and provoke secession, but which, at
least, have well defined rules against in
competence. There is, however, nothing
to prevent the dilettante of means from
hiring a gallery and having an exhibi
tion of his own. Iv beO^t-lettres the
rich dilettante's work must fulfil the re
quirements of the trained advisers of
the large publishing houses, but he can
buy the imprint of an obscure one and
issue his book at his own expense. The
iHlettante dramatist can produce his play
at bis own expense, but that comes high,
find higher prill is the price demanded
of the dilettante composer who would
stagft his own opera. He. however, like
the author, can publish his music at
modest expense. But to all the regular
approaches to publicity are harred by
professional tests, which money cannot
i -hange.
Occasionally a dilettante of the crea
tive jiris who has faith in his work and
ihe courage <-f his mean? wins popular
Boceess, in spite perhaps because, of the
atrocious artistic quality of his work.
An artistic goose may turn out to be a
popular swan, and onoe in a while, only
very rarely, a genuine swan is mistaken
lor i goose by the cogmotoemti. But gen
erally the rich dilettante forces his
york into publicity only to see it die.
His money buys him nothing but expe
rience, and nui always even tluit.
rin\\s HOARDED WEALTH.
!t<-|i',rt n:i> repeatedly been made of
• 'binese opposition, particularly in two
or three notably patriotic provinces, to
the making of further foreign loans 'or
railroad building or •►tiier purposes.
This opposition sf.-uis t<> persist and to
threaten to become ■ formidable fac
tor in Imperial politics nnd economies.
Us origin and Inspiration are not diffi
cult to divlnr- ami („ understand, nor
are they devoiM <>f claims upon our sym
pathy or "l" ii|'l> f> ;»!s to re;)><>ii: though
upi>n analysis ji j s found to imply an
obligatSoa wliich those wbu cultivate it
are not apparently ready •to assume or
to discharge. ... .'V*.
Foreign loans mean foreign influence.
That is the fact which these Chinese
patriots rightly and clearly discern. It
is an inexorable and inevitable' law, the
force of which Is ominous in > proportion
to the diplomatic .weakness of the land
in which it operates. In some of the
weaker countries, such as Egypt and
Turkey, alien indebtedness has led to
alien control; in .the former case to
something approximating conquest.
There is little extravagance in Chinese
apprehensions that the unlimited incur
rence of foreign obligations and (he un
limited investment of foreign capital
might lead to similar results in that
empire. r . •.'
China needs, however, the investment
of groat sums of capital for the devel
opment of her resources and of her
legitimate power. The chief reason for
her unwelcome position of inferiority in
the diplomacy of the world is her in
feriority in the developments of civil
ization. It is not alone through consti
tutions and decrees signed with the
vermilion pencil that fhe is to sttain
nn equal rank among the great powers,
lmt aIRO — as in the case o' Japan
through the building of railroadß. the
opening of mines, the creation of
manufactures. These things require
capital, and if China herself does not
possess that capital or is unwilling to
use it she must get It from other lands.
If sne does not want to borrow it
abroad she must provide it at home.
This idea is strongly presented in
some Chinese publications, which are
vigorously ui-jring the Chinese gentry
jind merchants who oppose foreign
loans to bring forward their own
hoarded wealth and substitute domestic
for foreign loans. Whether they can
«nd will do so is an interesting problem.
Little is realty known of the actual
available wealth f>f China, but there
have been reports of its enormous mag
nitude, and it certainly seems that it
should in the aggregate be very large.
If great wealth exists, it is surely bad
policy to hoard it and to look for for
eign loans; just as it ier to hoard nat
ural resources against profitable devel
opment.
MONEY A\D BUSINESS.
Sentiment in Wall Street circles Is
more cheerful over the outlook for new
business in the securities market, owing
to the idea that forced liquidation has
run its course and that prices are low
enough to attract speculative and in
vestment buying. A moderately heavy
amount of stock has been taken by cash
buyers in recent weeks, but evidence is
lacking of a widespread Investment in
quiry for either stocks or bonds not
withstanding accumulating bank re
serves and the satisfactory income that
may be obtained on our best class of
railroad and industrial issues. Forces
that have been active in depressing
prices for many months, particularly In
the market for railway mortgage se
curities, apparently have largely spent
themselves, and in the leading banking
houses it is believed that from now on
bear factors will exert a lessening hold
upon quotations, though the possibility
of somewhat lower figures is admit
ted. It would seem, however, that only
the development of some positive ad
verse influence could bring about a re
sumption of panicky liquidation. Rail
road bonds, as a rule, are cheap a,t pre
vailing levels, and It is likely that
prices in this department of the market
will present sustained improvement well
in advance of any similar movement in
stocks.
Solid bonds are down from 5 to 10
points from their high points of 1909.
while railroad shares show losses of
from 20 to GO points, with the average
for the leading rails at about 110. against
the high of 1.54 last year, and that of
the chief industrials at 78, a decline of
21 points from 1909. In last week's
market the railroad shares closed 5
points above the low range of July
and the industrials 4 points. Currency
continues to move to New York from
the interior, the gain in the last six
business days amounting to almost $8,-
OOAOOO, but the course of domestic ex
change suggests the probability of a
turn in the tf&e at no distant time owing
to the coming: needs of Western and
Southern banks in connection with the
financing of harvest requirements. Am
a matter of fart, most of the currency
received by the local institutions in re
cent weeks represents shipments from
nearby points, chiefly from the vaca
tion resorts, where there appears to be
no contraction in individual expendi
tures and no indication of depressed
business conditions. While the outgo of
currency from New York doubtless will
be heavy in the autumn, bankers are
not looking forward to disturbance in
the local money market owing to the
wise precautions they have taken to
strengthen reserves at this centre and
to the recent development of greater
conservatism in the West, which earlier
in the summer showed a bank position
of extreme weakness, due to tremen
dous speculative activities, involving a
heavy overexpansion of loans in that
I art of the country.
Money rates are higher at interior
cities than they are in New York, and
the fall In exchange In Chicago, St.
Louis and St. Paul from a. premium to
a discount accentuates the probability
ot heavy demands upon our financial in
stitutions. Discounts in London are
firmer and the Bank of England's per
centage of reserve to liability Is lower
than reported a week ago, a reflection
of which is found in higher sterling quo
tations in this market, which is now at a
level that does not make gold Imports
profitable. Ease in money here Is more
of an Indication of the liquidation that
has taken place in the stock market -md
the absence of a new speculative Inquiry
for loans than of general business con
ditions. Our industries continue to show
an irregular tendency, but reports from
trade centres do not bear out the Idea
that tremendous shrinkage in business
operations is developing. Retail trade at
present is confined in large part to clear
ance sales of summer goods ut price con
cessions, while the jobbing demand
shows some improvement, chiefly in the
West. Conservatism appears to be the
keynote in the business world, which Is
Kolng through a period of healthy read
justment.
Bank clearings for July, as compared
with the figures for the same month last
year, shon small declines in New York.
Boston and Chicago. Elsewhere, as a
rule, gains are reported, the chief excep
tion at minor points being supplied by
Fall River, where a loss of IK pf-r cent
reflectH the decreased volume of trann
a«tlonh in tin- cotton goods trade It is
worth noting, however, that Improve
ment in demand is under we, In the
market tor cotton goods and lhat au
tiiuriiiri. bolit-'ve prices on uli clauses ot
goods will move to a higher level In the
near future. An advance already has
been made on print cloths. Merchants'
needs are becoming more upparcnt. Sup
plies of old cotton are limited, while the
current condition of the cotton crop docs
not point to a harvest of large, propor
tions, owing to the deterioration that has
taken place In the la^t month, amount
ing to more than ."» points. A short crop
this year following the poor yield in
19W. with little old cotton lert at the
opening of the new cotton season and
light supplies of cotton goods on hand,
will mean a continuance of high quota
tions for the raw material and higher
costs to the consumers of goods, unless
the spinners are wlllfng to conduct their
operations at a loss. The outlook is fav
orable for a large corn harvest, which,
with the bountiful winter wheat yield,
wiii go a long way toward offsetting the
loss in spring wheat. Receipts of wheat
at primary points are heavy, cash wheat
values are lower and the millers show a
greater disposition to sell their flour at
concessions.
Contraction in the iron trade is shown
by blast furnace figures as of August L
the July production of anthracite iron
and coke presenting a reduction from
the preceding month of 123,036 tons,
with the heaviest falling off at the fur
naces of the big steel concerns. Prices
for iron and certain finished steel prod
ucts are being shaded, and in the case of
pig iron quotations are lower than at
any time since 1904. Steel rail prices
will not be reduced. In some lines the
demand shows a notable increase, par
ticularly for tin plate, wire products
and structural materials, but no marked
expansion in the general market is
looked for before September, as consum
ers are not disposed to do much beyond
a hand-to-mouth business pending the
outcome of the years harvests. The
railroads are not active factors in the
steel industry at present, though their
expense accounts continue to increase at
a rate that nullifies in most instances
marked improvement in gross receipts.
Copper is stronger. Buyers are more
active in the market, and for the first
time in many weeks substantial com
mitments for future requirements are
reported.
The Qulncy < 111."* "Whig" inquires why
a legislature including in its member
ship over sixty lawyers passes so many
unconstitutional measures. How does
"The Whig" imagine the lawyers would
make a living if it were not for uncon
stitutional laws?
It is to be hoped that no half-nickel
pieces will be coined. Think how they
would promote the smoking of "two
fer" cigars.
Senator Gore appears to think he was
befriending the Indians when he told
his friend and ally. Senator La Follette.
that the McMurray contract should not
be approved. Can this be the same
Senator La Follette who was so anxious
to secure attorney's fees from the Ind
ians for his friend and political lieuten
ant. A. W. Sanborn. that he assured the
Senate that a bill awarding counsel fees
to Sanborn would not effect the ratifica
tion of Sanborn's contract with thr Ind
ians without further action by Congress,
whereae investigation showed that tt
would have done so?
Chicago is actually urging its claims
to the National Brewers' Congress on
the ground that its torn up streets will
"promote the hop industry."
Spain is not so far behind the times.
It can get more front page advertising
out of a miniature riot than New York
can secure from a Sugar Trust strike
with numerous casualties.
The Cape-to-Cairo railroad is making
rapid progress at both ends. At the
south it has been pushed far up into the
lake country above the Zambesi, and at
the north it is penetrating the equa
torial provinces iinere Mahdism had its
strongholds. The hundred-mile stretch
from Khartoum to Wady Medani has
now been in operation for seven months,
and has already developed a large and
profitable traffic. In the first month
the receipts were more than ?r>f>.ooo.
One heavily laden freight train is run
daily, whilp the fourth claps native pas
senger traffic Is so large as almost to
pay the entire working costs of the line.
Building is now proceeding at the rate
of more than half a mile a day. and the
country' which is being penetrated is in
creasingly populated and fertile, so that
progress will probably be more and more
rapid and the operations of the line more
and more profitable. It seems probable
that at about the time when ships begin
to prss from ocean to ocean at Panama
trains will begin to run from the shore
of the Mediterranean to Table Bay, and
there will be no more talk of the "Dark
Continent" save as a memory.
THE TALK OF THE DAY.
That a Connecticut man .should be ar
rested for grinding up old cigar hoxes and
selling th< product for pepper should not
provoke surprise on the part of those who
remember the stories told about the bass
wood hams and wooden nutmegs of olden
days. Connecticut is famous as "the land
of steady habits."
Four hundred acres of land near Middle
port, Conn., will produce JOO.ijOu baskets of
peaches this year." By the time these bac
kets get to the ultimate consumer they will
be worth about $100,000. How much will the
grower get out of It? L«t the first class in
arithmetic answer -Syracuse Post-Stand
ard
9;.eakinsr of the cost of living, it Is noted
fry 'The Hartford Courant" that not so
many years ago it was difficult to sell a
swordnsh outside of the Boston market
This season it Is difficult to get enough to
meet the demand. It Is said that the supply
Is less than usual. One reason assigned for
this alleged scarcity is that the submarine
belt* have frightened the big fish off their
accustomed grounds, which grounds, by the
way, are water. It appears now that within
a couple of days a swordftsh weighing 550
pounds was brought into Boston and • sold
at 23 cents a pound right off th«: boat, the
retailer to get his profit later.
"You are sure Jhat prizefight was on
the level?" •
'.'Absolutely,'.' replied the politician.
"When the referee counted ten the. de
feated candidate for the championship was
too much exhausted even to demand a
recount."— Washington Star.
It hap been suggested that if Dr. Cook Us
planning another Arctic expedition, with a
view to reaching the North Pole ami re
covering the brass tube he alleges be left
there two years ago. he can prove that he
has been there by bringing home the flag
that Commander' Peary left.
A Canton (Ohio) judße has sentenced a
man to spei.d every- Sunday in jail until
further notice. He gives the prisoner the
privilege of working all the week in order
that he may support bis family. I'"' he
rniißt report Bl the jail every " Saturday
night The Sunday "boose" is thus cut out.
—Rochester L'*i!<>n and Advertiser.
There is much to be read between the
lines. of a Portland (Ore) item suggesting
that uiio>» turn' their win to the yroduc
tion of a "secret pocket in the trousers that
defies connubial acumen."
One never fully realizes his own limita
tions unUI he read ß "Who's ™><> m n A t m | r r ;
ica" and learns how many great men tiiei.
an all arouml him. that lie never heard of
before-Parkersburjc (W. Va.) Tribune.
WORK FOR A MODERN MO£ES
A Few of the Tasks Which Await His
Discovery.
To the Editor of The Tribune.
Sir: During the la«t year I have made
special inquiry among all classes of people
as to the cause or causes of discontent
and distress in our country, where neither
the corn nor wine nor oil has failed. The
conditions are partly due to recent reve
lations of graft and bribery an.l corrup
tion.
Then, too. while the country Is growing
In population and wealth there are thou
sands of honest Industrious people who
are Just barely keeping the wolf, from the
door. How the poor people live with the
Fky-hiKh prices I cannot understand. Many
are giving up a meat diet almost alto
gether.
Some interpreters of our straitened con
ditions have blamed the production of gold
in Alaska; others, our extravagance;
others still overpopulation and the short
age of crops. There Is doubtless some
truth In all of these: but the principal
cause is the illegal operation of trusts and
the combination of capital to destroy the
law of supply and demand and to force the
prices to suit their greed.
. Now, the remedy for these conditions is
not in Socialism. Neither will it be found
In a change of the national administra
tion. The party of liberty and progress,
the party of Lincoln and McKlnley ami
Roosevelt, must meet this emergency as It
has met others before. This country is not
going to the dogs. Truth and justice and
the square deal will come out ahead.
What is needed to bring back a healthy
prosperity is to drive the peanut politi
cians out of the political temple and fill
it with statesmen, honest and true (and the
sun never shone upon so many honest
men as to-day), who will care for the wel
fare of all the people. Perhaps Providence
has hi<l away some Moses who will come
forth for our deliverance.
L. C. FLOYD.
Blnghamton, N. V-, Aug. 5. 1910-
WANTED— A NEW WORD.
To the Editor of The Tribune.
Sir: The infliction of capital punishment
In this country is accomplished by means
of strangulation or electrification. If the
former means is employed we say that the
criminal was executed, or that he was
hanged. If the latter, we say that he was
electrocuted.
Now, if this last word is correct as ap
plied to execution by electrification, why
would it not be equally proper in the other
case to say that the criminal was strangu
locuted? In either case the part of the
word "execute" that refers to the death
or departure of the culprit is lost sight of.
Cannot a better word be employed to de
note execution by electrification-a word
that includes the essential Idea sought to
be conveyed? CONSISTENCY.
Troy. N. V.. July 83. 1910.
[True, if a specific word is needed, it
should be something better than the
etymologically abominable product of
ignorance which "Consistency" so justly
criticises. We do not see why "execute,"
which means to follow out — that is. in
law. to carry into full effect a sentence,
whether on the scaffold or in the elec
tric chair — does not meet ordinary
needs. Electrocute Is a linguistic bas
tard. 'Cute" is merely a meaningless
sliver of a Latin word which, tacked to
a Greek prefix, has no significance what
ever. .The monster should itself be
strangled.—
NOTED ASTRONOMER HERE
Pniseux. of France, on Way to Los
Angeles Meeting.
In her first cabin Le Bretagne. of the
French Line, which arrived yesterday from
Havre, brought a noted astronomer and a
companion, who is an amateur star gaze'
of some prominence, and in her second
cabin an addition to the population of
Salem, Ore., of fourteen hearty Swiss.
Pierre Puiseux, the noted astronomer,
•who is an authority on astronomical pho
tography, and Aymar de la Baume-Plu\i
nel. bis pupil, will leave here in a few
days for Los Angeles, where nn August
29 the convention of the International
Union for Solar Research will be opened.
The French scientists, who will go by wav
of Canada, are the guests here of Profes
sor Tlill. director of th^ observatory of tie
Carnegie Institute. M. Puiseux said s;e
had had poor luck wfth his pictures o^
Hailey"? comet, as the weather in France
at the time was most unfavorable for as
tronomical photography.
Paul Fancy. Charles Da\ id Fancy and
Augiiste Fancy. three brotiiers, with their
wives and eight children, are the Swiss
immigrants who will "arrow- up" wit' ?:i
]pm. They all '■ome from Jura. Switzer
land Paul has two children — Atitfust".
two years old. and Charles, four.
Other passengers were Lieutenant Honey-
Catt. of the sth Artillery, V. 9. A.; Bishop
Haajer. John Gray, the banker, and Rem
sen TChitehonse.
PHYSICAL TEST PLANS
Officers of Navy and Marine Corps May
Have to Undergo Ordeal.
Washington, Aug. 7. — Surgeon Genera.l
Stokes will soon present to the Navy De
partment a plan for physical tests for of
ficers of the navy and marine corps which
is expected to follow closely the physical
order which Major General Leonard Wood,
chief of staff of the army, recently laid
down for the land forces.
MRS. P. C. KNOX AT WATER GAP.
Delaware Water Gap, Aug. 7 — Mrs. P.
C. Knox. wife of the Secretary of State,
accompanied by Mr and Mrs P. C. Knox,
jr., are at the Kittatinny Hotel here.
NEW YORK FROM THE SUBURBS
It is very strange, but no Wall Street
brokers have come forward and confessed
to stealing *4.000.d» by stamp frauds. The
recent reforms are not as drastic as we
had hoped — Philadelphia Inquirer
There is some comment because a > api
talis' sixty-four years old, who was in
dicted in New York yesterday afternoon
married hit- stenographer, nineteen years
old. in the evening. But would the critics
insist that the indictment should have
come after the marriage instead of before
it?— Troy Times.
Trinity church. New York, is to be en
larged to provide room for weddings and
funerals there being plenty of room now
for the devotions of Wall Street operator*
— Chicago News.
Taxicabs de luxe are soon to be seen in
Manhattan. The bodies will be of bevel
glass necessarily robust enough of com
position to resist the pebb!« of enJv
equipped with every hixurv that may bY
jammed int.. bo limited a -We »n 1 i
. scale of ra«e> „ M«lilhaT aMU^T.
only inadvertently „,V S£Br?
peu-ltlng the partinglor afoo " , m"
money Philadelphia Ledger Xl an ' 1 hls
York and sunk m^hTiUT*^ '" f^? W
a mentioned about thZ >? nothing
have been using &«?iJgSS?!S2R^ Who
ures.-Phlladelphia Record " lf>as "
sisV^uaL^wh^Thf inf. in * a
an aged aunt ami tlCn inhabit with
the remainder of "' r ' ?.h.? VT 8 llurln «
certainly has a great \ ""'. ? ays - Shl>
Houston Post * eat deal to learn.-
A man In New York *i .
to V .f his a burster' , . " lkl "- the ". the
nfeht for a burglar \,' nf \ uin lh *
not see hi* whole fool V,,r X ''''> h< * • 1 1 . t
mm tor th« i«3SMLKnMB£
LONDON NOTES
Tributes to Royalty— Memorials
to Edward VII — New Reign. .l
London. July 13. ■'■--
"The Quarterly Review's" eompanior..
piece for the famous article on Queen
Victoria is disappointing. It Is a .iijji
and uncritical article on the upbringing
of her eldest son and his personal dig.
tinction an'! fascinations as " I>e pioi
Charmeur," as Lord Kosebery has styled
him with more felicitous phrasing than
the heralds or kJng-of-arms at the grave
The writer is not named, but he ha*
lacked both the secret material at Mr.
Gosse's disposal and the brilliant' quali
ties of style requisite for painting a sov
ereign from life with outspoken realism;
When the article on Queen Victoria
was published the biographer was amazed
by his own courage in setting aside thi
fetich and revealing the woman behind
the sovereign, and he was not reassured
until the rumor reached him that Kin< t
Edward had read it and expressed the
hope that his own character might some
day be analyzed with equal subtlety aMJ
candor. The task has been confided to
a practised hand, but to a less discrimi
nating mind, and there is an academic
portrait without bold brushwork or pre
cision of treatment of th*> evolution of
character, or striking denotement of the
real greatness of the subject.
The author has had access to private
papers in the royal archives at Windsor
and to a series of letters from Sarah,
Lady Lyttelton. which was privately
printed thirty-seven years ago. and yet
there are no revelations of intrinsic
value. The story of the boyhood of Ed
ward VII has been repeatedly told, and
the effect of the Prince Consort's doc
trinaire views of the education of a
prince and of Queen Victoria's conscien
tious and painstaking care hi ■ familiar
theme. There are no novel details, and
even the confidential memorandum for
the guidance of gentlemen appointed
"to attend on the Prince of Wales aaaj
not reward curiosity.
A youthful recoil against the high
pressure of the father's system of educa
tion Is h!nte<l at. and the human side or
the sovereign, who served a protracted
apprenticeship for the business of ":?n
ing-, is brought out distinctly; and y«
there are only meagre additions to th*
common stock of knowledge about Kin?
Edward' 3 character. His flexibility of
method, his resources of attack and pa
tience. hi 3 sterling common sense, hit
dislike of the drudgery of correspondency
and preference for personal int°rviewrj
and conferences, his high-minded devo-
Lion to duty and his natural love at
bright talk and gayety are explained i»
detail; but these are commonplace*
which have been anticipated by hun
dreds of pens. Little will be found la
"The Quarterly" which ha? not been al
ready divined by intelligent observers.
"British sovereigns, in death as in life,
are screened from critical observation
and searching criticism. WTiile they liv»
it Is "bad form" for smart people to talk
about them unnecessarily, and newspa
pers are content with reproducing th»
court circular and never affect intimate
knowledge of their lives and characters,
and . when they die there is indiscrimi
nate laudation in conversation > and ia
print, with many indications of supersti
tious idolatry. "We shall never IBM
any more intelligent criticism of th«
lives of our kings!" exclaimed a promi
nent man of letters the other day. What
he meant was that diarists like ?*?>'»
and Greville no longer jot down confi
dential details respecting great person
ages at court, and that, books about roy
alty written with a free hand and with
out restraint of formal respect for char
acter are rot wanted.
One of the soundest judgments in Th*
Quarterly Review's"' article aboit Kin?
Edward is this: "Like Queen Victoria,
he disliked backbiters and scandalmon
gers, and never accepted rumor as a de
cisive factor in estimating the character
of others, but first required proof." That
is the characteristic attitude of English
men respecting member? of th,? roy^l
family. They dislike irresponsible gos
sip about kings and princes, know th.* r
proof can never be supplied and arc not
grateful when overzealous mtechiof mak
ers like Mr. Stead have the Bad •-*'?
to revive srandalous tattle and la con
tradict It with strident vole*.
While the conditions do not favor
critical estimates of a great career U'ii9
King Edward's, the living sovereign is
able to work to better advantage in con
sequence of Mi exemption from vulrar
curiosity and close observation. Eti
quette and good manners protect hiu
against thoughtless discussion. Wk
privacy Is never invaded by impertinent
newsmongers; the court circular con
tains all that ought Is be known about
his daily life, and there hi a Wise and
discreet reticence in the press respect
ing his relations to ministers and politi
cal parties. Instead of being constantly
gossiped about and misunderstood, as 1*
the fate of an American President in tfc*
dazzling glare of publicity, he is screened
from captious continent and partisan
discussion. He remains in the back
ground as a force in reserve, and exerts
a most important influence whenever a
fresh initiative is opportune or the ■■•
pension ot barren controversies : &
urgently required.
There has been a marked change since
the reign of George 111. whs was virtu
ally a party leader, bent upon p!a>in?
off the Tories against the Whigs and en
larginc: the prerogatives in the direction
of absolutism. A wise and discreet
monarch m now an arbiter between
I -.riles and a champion of constitutional
order. There is no trend to wan! a^"
s.lutisin, and y.-t monarchy is steadily
acquiring increased power and prestos*
The sovereign does his work in sllencj
and out of sight, ami his efficlencj si ■
constitutional ruler depends in no small
degree upon Ma reticence, self-restraint
and success in eluding public observa
tion.
Birmingham is taking the lead in the
promotion of memorials of Kin? K 4 *"
ward. a large fund has been raised anJ
an influential committee has ret ortt J »
satisfactory scheme for the erection of a
; «>rtrait statue in the main eitj svjuar?
opposite th. statue of <.»■:• Vlcfrij»
and the construction .- a new children^
hospital, with which his mum Will **
permanently associated. - The B*nSSBSI
ham sculptor. Mr. Albert Toft, has be* o
commissioned to design and execute a
marble statue of moderate cost, and ttt*
hospital will speedily be undertaKfß
There will be memorial statues j;iul hos
pitaJa in nearly all the large provincial
cities, a i there can be no more appro
priate method of rnsamrnii * h2
reign of a statesmanlike and rhlh*
throplc ruler. &
In London no steps have beta talc* 0
by the Lord Mayor to obtain subscri?
tiana for a national memorial. TWg