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The Minneapolis journal. (Minneapolis, Minn.) 1888-1939, November 04, 1906, Part I, News Section, Image 11

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Persistent link: https://chroniclingamerica.loc.gov/lccn/sn83045366/1906-11-04/ed-1/seq-11/

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Whatever Defects I Contains,
if Any, Are Immaterial, When the
Necessity of Starting Tax Reform Is
i' ConsideredLack of Faith in Public
Xo the Editor of The Journal.
'J I have read Mr. Walker's article on
the tax amendment in Friday's Jour
It 's no use to combat it in detail
the spirit of the whole article is one
of faithlessness and distrust. Admit
ting, as he does, existing evils, he re
fuses to lend himself to advancement
along progressive lines in tax matters
because, in a word, he doubts the sin
cerity of the committee which framed
the amendment and the legislature
which passed it he likewise distrusts
the intelligence and the integrity of
future legislatures who will have the
responsibility of interpreting and ap
plying the privileges contained therein.
Admitting the iniquities and injustices
of our present laws, he refuses to avail
himself of the opportunities afforded by
this amendment to secure up-to-date
tax legislation, thru lack of confidence
in those, entrusted with its interpreta
It is a the cry of the man with a bad
liverit is a non-American argument.
The amendment was framed by one of
the most intelligent and well-informed
authorities on taxation matters in the
entire country, and-was finally passed
upon by six of the leading attorneys
in the last legislature. It was adopted
at the express suggestion of the recent
tax commission, 01 which General Hahn
was chairman. It is almost univer
sally commended by students of taxa
tion matters thruout the United States,
based, as it largely is, on the experi
ence of other commonwealths.
The question of whether church prop
erty is or isn't exempt under its pro
visions is inconsequential compared
with the main issue. Our leading at
torneys say the amendment makes no
change in this particular. If the ques
tion is ever raised, our supreme court
will decide. If it decides the amend
ment is weak in this respect (something
quite inconceivable), a supplementary
amendment can be submitted but, for
God's sake, let's make a start.
Mr. Walker asks, "What manner of
tax laws and principles the advocates
Roate of the Tea-Hour Electric Road Between Chicago and
New York Is shown by the Large Dotted Line.
i work continues unabated on the great trunk-line Electric Rail
road now in process of building: between Chicago and New York.
People are intensely interested, not alone because it will enable,
them to do much quicker and cheaper traveling, but because the
stock of this great enterprise offers the safest 'and surest way for
an Investor of moderate means to place his or her money where risk
-la out of the question, and where the prospects-of a rapid rise to
wealth seems almost a certainty.
Any skepticism that might have at first existed.was quickly
dispelled when people saw the big Grading Machines get to. work
down in Indiana, on Sept. 1st, and when, on Oct. 10th,. 47 acres of
land were purchased, upon which will be built the first' powerhouse.
The Chicago-New York Electric Air Line Railroad will run over
a track that scarcely verges from a straight'line in its entire course
of 750 miles, thereby making the distance 160 miles shorter than the
shortest existing steam railroad route. Over this direct route will
be run hourly electric trains at a speed that will reaph a maximum
of 100 miles an hour and maintain an average of 75 miles,-'carrying
passengers from Chicago to New York in a 10-hour run and at $10
fare. No steam road could ever have hoped to do this, because it
would have been impossible to carry enough fuel and water to
maintain such a speed. Moreover, the limit of human endurance
has been reached by the stokers on steam locomotives. According
to Warren Sanford Stone, chief of the Brotherhood of Locomotive
'.Engineers, a stoker on a steam locomotive shovels as high as 25
tons of coal on a single trip. The new electric engines have no such
handicap, for ample and uniform power comes to them at all times
from mammoth power-houses, located 50 miles apart along the line.
The rotary motors run without thump or jar, and enable them to do
work under which a steam locomotive would not last six months.
There'is not the slightest question that the road will be built
and in running, order on schedule time. Every one of its original
projectors is a practical, railroad man, and their personal -hbrioi^ and
standing are such as to guarantee the complete success of the
Its President is Alexander C. Miller, formerly President of the,
Aurora Trust and Savings Bank, Aurora, 111.
Here is a great trunk line railroad, to be laid out on a route so
straight that it will save 160 miles to be run by electric power so
economically that some of its trains will carry through passengers
for $10.00, and to fun at-a speed that will average 75 miles an-honr.
What steam railroad that now exists can stand competition like'
that? How many people will continue to travel over the hot,
smoochy,' cindefrladen steam"lines-when* the new electric road will
carry them to their destination for half the. money and in half the
One thing that will Insure the successful building of the Chi
cago-New York Electric Air Line Railroad is the fact that the peo
le have been given an opportunity to participate in its success^
Eany a man who invests his savings in rhis stock at the low price-
Minneapolis, Minn.,
Climbing a "frog" as it was enter
ing the Union station, Great Northern
engine No. 1041, pulling the west
bound oriental limited, left the tracks
of the amendment wish to have sub
stituted for our present system?" My
answer is this:
The possibilities under the amend
ment are very broad. The principle
of local option and the divorcement of
local from state taxes would probably
be one of the first things done. The
elimination of those classes of per
sonal property which cannot be reached
in a thorogoing manner would probably
be another. The passing of a properly
graded inheritance tax law which should
be absolutely constitutional, would
doubtless be another. The substitu
tion of a scientific system of real estate
assessment in lieu of the one man opin
ion of today, would probably be an
other. A registration mortgage tax
would probably be another a tax on
the income from credits, rather than
the credits themselves, another a law
putting improvements of real estate in
a class by themselves, another. These
are some of the things which would
and plowed its way deep into the
ground. No one was injured, but had
the accident occurred 100 feet back,
the big engine and possibly the entire
doubtless be done. But, first of all a
commission of carefully selected men
would. unquestionably be appointed to
consider the situation and recommend,
say two years hence, such changes to
the'legislature as it might deem best.
Under" the enlarged power conferred by
the amendment, that commission could,
Supported by supplementary legisla-
tion," be a most effective source of "in-
formation and leadership, A perma
nent tax commission or an individual
tax commissioner would also be among
the probabilities.
Mr. Walker is-wrong-when he says in
effect that there are no limitations un
der the proposed amendment and that
the legislature can exercise its own
sweet will. That is not true. The
amendment positively conserves the
principles of equity and justice, and
future legislatures will be held within
those limitations.
The trouble with Mr. Walker is that
he has no faith in our public servants.
Air Line
at which it sells today will find himself possessed of an income that
will make him independent for life after a few years.
With confidence in this gigantic enterprise, and approving what
the promoters of the Chicago-New York Electric Air Line Railroad
have done, the people have responded nobly. Every day they throng
the office of the company, eager to invest in such a safe' and sane
proposition. Thousands of shares of stock have already been sub
scribed for, and rapid building of the road is now in progress.
Being a popular project, extraordinary measures have been
.taken to protect the investor. There.are no bonds, preferred stock,
or securities of any kind other, than the common stock shares-.
..This means that the investor will never find the value of hl3' stock
wiped out by bonds that absorb the lin.e's full value and reduce"tn'e
value of the, stock to jmere- voting power. Nd such financiering can
ever be worked with this stock, for nothing stands ahead of it.'
But the most unique^ and. inspiring safeguard by which this in-
vestment is surrounded is the following clause which offers on each
stock certificate:
This certificate will be accepted in payment for transporta
tion to the amount of the par value of the shares of stock rep
resented hereby, and at current tariff rates, over any part of the
road In operation.
This means that the investor simply cannot lose., No -matter
what anybody might say, the fact still remains that it is worth $10
any time to go from Chicago to New York, and hundreds of brokers
and individuals would stand ready to cash any piece of paper-that
would pay for such a trip. The above clause will make' the- stock
of the Chicago-New York- Electric Air Line Railroad good for trans
portation at any and all times as soon as any portion of the road is
in operation anybody can pay their fares with it," arid thus it tfes
a value that no kind of financiering or juggling could ever rob it of.
This gives the stock,a value that cannot get away, and is like an'
"anchor to the windward" to one who might not realize how safe
and sound and wealth-promising an investment is the stock of*tHe
Chicago-New York Electric Air Line Railroad.
The building of this great road will prove the "once in a life^
time" opportunity for many a man in moderate circumstances. The
safeguards by which this investment is surrounded and the charac
er of the men that stand back of it are such as, to Convince any
reasonable person that every element of risk has been avoided. The
rise in value of the sfo'ckT "that Is'sure to follow every step of the
progress in the building .offers the greatest chance that the world
has ever known, jto quickly acquire wealth.
Today' a hundred dollar share of stock can be bought for $27.
Every step of progress .will be marked by a rise in value, and when
the entire.road is completed it is probable that the market-value of
train would have
been pitched into
the river. As theiig twelve-wheeler
lay panting and spitting steam and'wa
ter, it was within fifteen feet of the
wall at the water's edge.
Admitting the monstrous condition of
our present tax laws, he balks at giv
ing the legislature a chahee to improve
them. That is his whole'' argument in
a nutshell:
The gist of the hew tax amendment
is( to give_ the legislature free reign
within' the, limitations" of the amend
ment, namely: "Taxes shall be uni
form-.upon the same class of subjects
and shall be levied and collected for
public purposes, and-the power of taxa
tion shall rever ,be surrendered, .sus
pended or contracted away.' As long
as the legislature 5bserves these prin
ciples, it is within its.pero'gatives.
Mr. Walker ought to be the very last
man in Minneapolis.to oppose this, the
most beneficial and most important
amendment submrtited* to the
since the constitution-
Now Is the Chance of a Lifetime to Become St#khoj{fer fri^ This Qigaiitic Enterprise And
Make a Sure Fortune From a Small Investment.
One of Our Construction Gang* at Work Near Chicago.
taxation.,^experiences^ in other 'states
and conununities.
Our .present tax laws wefe 'Trained
when Minnesota was. "a purely agricul
tural state,.without railroads, without
much of any personal property, with
out gross earnings, without inherit
ances of any moment.
The amendment, in question simply
-brings Minnesota in tax matters up "to
date,- as related to existing conditions.
It is, up to date in almost everything
else.' It's time for it to get busy in
revising- it's present most vicious,
most inequitable tax laws.
The passage of this amendment will,
in my judgment, effect more in doing
awa with existing jealousies and mis
understandirigs .between country- and
city than any other-one thing. Today
the greater part of the property that
ougjht to contribute to the support of
the. government escapes taxation, its
share of the burden being shifted from
the shoulders of those most able to bear
to those less able to bear it. In the
language of a leading daily, "it would
be a grievous misfortune if, for rea
sons so wholly base as. those given by
its -opponents, this amendment should
suffer defeat." W.L.Harris.
School Give* Novices Chance to Try Oiit
Without Cost.
Designed to test the ability of people
contemplating taking up art work, 'a 'free
evening class in drawing has been estab
lished^ in connection with the art-school
at the public library. Meetings will.be
held every Saturday evening. The first
of the year was neld last night in the
library building.
"Tho class will meet every Saturday
evening from 7 to 9:30 and will be under
the instruction of Miss Isabel Crawford,
one. of the honor students of the life
class. The course of instruction is ab
solutely Without cost and is intended
merely as a means whereby all who have
little time for the study of drawing may
test their ability in this line.
The curriculum in the art school has
been enlarged this year by the opening
of a special class in water color'paint
ing, and the
was framed,public fifty
years ago. His argument is that of the
pessimist, of the -distrustful, of ^the
non-progressive, of the,.man who has
but superficially followed the trend of
i i i i
share $11
wpon and
^-.percent down, 10 .per cent-monthly,
Sunday, November 4, 1900.
woman's life
meets evening in
the department of, handicraft, courses in
leather, metal, wood carving, china paint
ing, lacemaking, weaving and embroider
ing has been introduced. An evening class
in mechanical "drawing- has* also been
started and a day class in the same sub
ject is soon to be inaugurated.-"
Lenhart Wagon Company Suffers $100
ioss by Fire.
Fire caused slight damage to the
shaving shed of the Lenhart Wagon
company* Washington avenue SE and
Erie street, last night. The fire was
started by sparks. The loss will not
exceed $100.
2^ urate :"J
of. .a- few hundred dollars at the present time, at -$27 per share,
-would give the investor'an-income that would make him independ
ent for life. --:.'_'".
Every share of Stock bought kt the low price at which it .sells.
today is sure to rise enormously in value and pay steady dividends,
at such an astonishing rate of interest that even a small- investment
is likely to quickly grow to a substantial fortune and make the in
vestor independent of all business care. When both freight and
passenger tracks are in full operation it is not unreasonable-to'ex
pect that'dividends far beyond those ar"nedb steam, roads will be
paid. These figures are very conservative, and the whole project
is so gigantic that even its promoters hardly dare to say what they
think may be the maximum earning power of the stock. The.prom
Ise of wealth to .all who dnyest in the stock of the- ChicagorNew
York Electric Air "Line Railroad at the! low price at which it now
sells is indeed golden. Business won't.have to be created, built up,
-Or waited for, but will eagerly await jthe running of the first train.
All the high-class passenger traffic will come to "the new line at
once, while their shippers' will anxiously await the completion of
the special freight tracks.
A good railroad investment is the safest project into which a
man can put his money and offers at the same time a prospect of
rapid rise to wealth from the increasing value, of the' shares.
The Chicago-New York Electric Air Lirhe Railroad is the most
gigantic industrial enterprise-of the century. No man or clique of
men was big enough to finance it without the aid of the people, and
hence the investor now has a chance to make his dollars turn
quickly into many more dollars, and take his place among the class
.of people who can live on their incomes.
-.j This is a safe investment, the project appealing to thrifty
'npeopre with ability to gee for themselves, and at once, how different
.fit is'-ffo mining oli rubber,, and other risk stocks'that are of
fered at&few-cents a share, and are very dear-indeed even at that.
j,. -We urge.any man or woman who has money that is not earning
-^what it-,should to, come,and. see for themselves what an unusual
chance,-the Chicago-New York Electric Air Line Railroad, stock
jt-'otf,ers for saxe investment and wealth-giving "profits. You won't be
'f/ahljs toTbuy. the stock at the present price, very kng.* A hundred
'H\dollaCome'ahdcosts see-'us'jftoday*can, you or. if you canot c"o'me,*fill in coii-
the number of shares' you by regls
.j$jjfteredbelow letter express money ordeT iwish today.-befor-
-*#anothei? rise in stock takes place.
-Partial or tastalhhent iymerifs'-may -bve
f" the presenjt price of $27 per share, this means "$2.70 per
'cash, or its,equivalent,.with your order and $2.70 per5share
E gentleman-^-Charon by name
rwho guards the river Styx,
and who lets" no one cross his
river on his ferry unless they are CTe
dentialed to the most minute detail,
might take a few lessons from the can
ny Scot who guards-.the portals' of the
Security bank building, now rapidly
nearing completion
For To I these many months, Murdock
McLennan, to fame unknown, has stood
at the front door of the beautiful struc
ture, or at the place where the. front
door* was about to. be, and wise has
been the man who has successfully at
tempted to force' the isue and get
by" the watchman when *Hhe rules"
were all against him.
The interior of the new Security
bank is a thing of beauty tempting
even those most unobserving of' the
fine things of life, and of the 5,000
persons who daily enter the building
and take the "elevatots, about 4,000
catch a bit of the marble vista on the
ground .floor, and exclaiming with en
thusiasm: "Oh, let's look in herel"
make a rush for the bank's interior.
They do not arrive at their prospect
ive destination. What they arrive at is
is far as they
Ma ithaarmed-as with the busi
ness end of a broom handle but that
is a superfluity. All he need's is his
good Scotch-Irish, e,ye and his well
shaped jaw and a few -words with a
slight Gaelic accent, attachedand the
visitors do not visit.
*'Mac" has been acting as watch
man for ,C. F. Haglin* the contractor,
the better part ox seven' years, now.
Whether.faithfulness,becomes his domi
nant virtue thru the influences of
heredity or because he spent the early
seventies driving baggage wagons for
the United States government in the
then far west has not. been determined.
At any-rate, he gets- his instructions
and abides by them with a persistency
that is almost maddening to the per
son who wants to visit some. place to
which he has not been given official
tree and which Mac
,r is guarding fo
the time being,
''Mac'' was the watchman' at, the
Orpheum theater while it was in the
process of building and stopped Gener
al Manager Martin Beck of the Or
pheum Circuit company when that the
atrical magnate sought a sight of the
interior of his new 'property. "Mac"
was also in charge of the Plaza hotel
while that high-toned' hostelry was in
the process of buildingand it. had to
be a man of more than passing import
ance to that particular building opera
tion, who took a look at the property
unless he bore papers to prove that his
business entitled him to the privilege
For the past seven months "Mac"
has stood guard- over the Security Bank
building, and no one fooling around
made-a therat of 10'
until'shares are paid for. "At
McLenna non Guard
Who Keeps the Curious Out of New
that structure has been allowed to over
look that fact. The mere matter of
sustaining personal injury does not
cause Murdock McLennan to waver in
the performance of his duty. He kept
a group of young fellows out of the
Orpheum theater building one night,
altho they set upon him aad temporar
ily obliterated his claims to manly
beauty. Many moons ago he became
engaged in an altercation with the ele
vator's concern's man over the ques
tion of rights, riparian and otherwise,
in and about the Security Bank buUd
ing.and the mere fact that the eleva
tor man was many inches and pounds
bigger than he wasand proved it
did not keep "Mac" from winning'hit
The auxetophone, most marvelous of
sound-projecting inventions will be
heard for the first time in the north
west at the Auditorium Tuesday even
ing, during the election-night entertain
ment given under the auspices of Th
One of the Hundred-Mile-an-Hour Electric Engines That Wllf
Take a Train to New York In 10 Hours.
FREDERICK H. WOOD, Sales Agent, 544, 545 and 546 Monadnock
Block, Chicago, III.
minal Building, Indianapolis, Ind.: M. D. WOOD, 1010 Pabst Build
ing, Milwaukee, Wis. W. F. PORTER, Lincoln, Neb. WM. BLOCH,
519 Garfield Building, Cleveland, Ohio C. A. HANCOCK & CO..
Inc., 1006 Old South Building, Boston, Mass. BURR BROS., 608-60$
Flatiron Building, New York City CHAS. S. REISE, 308 Apoll*
Building, 233 4th Av., Pittsburg, Pa. M. BROOK JACOBS, 1016
Pennsylvania Building, Philadelphia, Pa. C. H. DODD, Wellington
MENT CO., Minneapolis, Minn: O. W. CLAPP, 105 Merchants' Ex
change Building, St. Louis, Mo.
Chicago-New York Electric Air Line Railroad Stock,
544-545-546 Monadnock Block, Chicago, III.
Enclosed find $..: In (say
whether full or partial) payment for shares
of stock of the Chicago-New York Electric Air Line Railroad.
Minneapolis Journal, 11-4-06.'
Chicago-New York Electric Air Line Railroad Stock,
544-545-546,Manadiiock Block, Chicago, 111.
I am interested In your railroad project, and If my request
will not .obligate me In any way I shall be glad to receive further
Minneapolis Journal, 11-4-06.,

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