The Birmingham age-herald. [volume], November 06, 1907, Image 1

About The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950

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_TIIE BIRMINGHAM AGE-HER A LD._
VOLUME XXXVII. BIRMINGHAM, ALABAMA, WEDNESDAY, NOVEMBER 0, 1907. JO PAGES. NUMBER 184
Judge Gary Gives
Confirmation To 7 he
Big Steel Transfer
Contract For Sale of Tennessee Coal, Iron and Railroad Com
pany’s Property to the United States Steel Corporation Is
Closed and Now Only Awaits Approval of the Board of
Directors of the Big Corporation
Second Conference Is Held in New York City by Those Inter
ested in the Sale of the Tennessee Company and the
Financial Situation and One of the Obstacles of
Clearing up Difficulties Is Removed
■ 11 ■ - .... -—— — -■——
New York, November 5.— (Special.)—The following statement in
regard 1o the Steel transaction was made by .Judge Gary, chair
man of the board of directors of the United States Steel corporation
tonight:
"The United States Steel corporation has been negotiating
for a majority of the stock of the Tennessee Coal, Iron and Rail
road compand at par. The company will also offer the same terms
to the remainder of the stocKhoklers who make tender of stock in
15 days. The finance committee of the United States Steel cor
poration has closed a contract, subject to the formal approval of the
board of directors who meet tomorrow at 4 o’clock in the’afternoon.
Acquisition of this property will increase oud percentage of the total
steel produced in this country about 2M> per cent, making our per
centage of the total sleel produced in this country about 60 per
cent."
I' -
ANOTHER MEETING
HELD BY FINANCIERS
Transfer of Control of Tennessee
Company Is Completed in
New York.
New York, November 5. -tSpecial.)—
Bankers, trust company presidents and
officers of tlio United States Steel cor
poration and the Tennessee Coal, Iron
and Railroad company were in conference
from early morning until late at night
today, and it appears certain that the
three important obstacles to recovery
from present financial conditions have
been removed. One of them, the complex,
tion of the transaction for transfer of
h. controlling interest In the Tennessee
coal, Iron and Railroad company to the
United States Steel corporation, on which
It Is understood the others hinged, was
arranged in the early evening.
The reason that the solution of the
difficulties which have been under dis
cussion since Saturday hinged princi
pally upon the completion of the negotia
tions for the Tennessee Coal, Iron and
railroad company-Stcel corporation trans
action was that loans in excess of $lu,
1)00,000, secured by the Tennessee Coal,
iron gnd Railroad company stock, ate
field by various financial im.i*-Hons <■.
eluding the Trust cvmpi
Tennessee Coal, Iron am
pany stock Is unmarkoi
quantities at present, a.
that if some quick asset
cured in exchange for
Coal, Iron and Railroad
the Trust company of Am,
mediately convert the loan
thus greatly strengthen Its
It was on those general t,
negotiations between holders
Coal, Iron and Railroad ci
and the Steel corporation
pleted.
According to the terms of
tion, us officially announce,
corporation takes over $16*000,1
more than half of the capitt
the Tennessee Coal, Iron ant
company, and gives in exehangi
in sinking fund 6 per cent bov
bonds arc readily marketable, s
Monday between 85 and 8)i, and
stitution uf these bonds as collo
loans will permit prompt convert
the loans into cash.
The Steel corporation will underta o
new financing oy way of completing *
deal. The bonds which will be given
exchange for Tennessee Coal, Iron and
Railroad company stock are part of an
issue of $250,000,000 second mortgage sink
ing fund collateral trust 5 per cent bonds.
The Issue was created in 1903, at which
time $150,000,000 of preferred stock was
exchanged for the bonds, dollar for dollar.
There are now outstanding $105,000,000 of
the bonds with $50,000,000 held as applic
able for exchange for preferred stock and
$30,000,000 held In the treasury of the com
pany as an asset, either for sale for cash
or for exchange for other securities. The
$16,000,000 bonds will be exchanged for
Tennessee Coal, Iron and Railroad com
pany stock, dollar for dollar, one, bond tor
• very 10 shares of stock. The bonds are
selling in the market at 85 nr 8*>. which
were the closing hid and asked price yes
terday.
At present market prices the control
of Tennessee Coal, Iron and Railroad
company is acquired for the equal amount
about $25 a share or a total of $17,
J,000. In January last the stock of Ten
essee Coal. Iron ami Railroad company
<va.s held at in the stock market, at
Which price the stock sold yesterday
would have brought $24,000,0u0, all but a
million and a half dollars less than twice
as much, however, steel sinking fund 5’s
were then selling at a much higher pile**
in the market, so that the sale of the
stock, though a bargain, is not as cheap
as it looks.
i The, great advantage to the sellers of
the stock of having steel bonds instead
of Tennessee Coal, Iron and Railroad
company stock is that there is a good
market for steel bonds, whereas it would
be impossible to secure anything like a
fair price for a very large amount of
Tennessee Coal, Iron and Railroad com
pany stock thrown upon the market. The
banks holding Tennessee Coal, Iron and
Railroad company stock as collateral will
thus be enabled on the transfer of the
stock for steel bonds to obtain speedy
liquidation of the loans.
It was not stated just which members
of the Tennessee Coal, Iron and Rail
road company syndicate sold their hold
ings. It was reported, however, that the
sellers included among others: Grant E.
Schley. Oakleigh Thorne. H. S. Black,
M. Leon Brady and B. J. Berwin, and
very likely a large number of others.
John W. Gates knew nothing about the
transaction, he said, on his arrival here
from Europe today, and it was nowhere
believed that ids stock was included In
that which was exchanged.
Vardaman's New Paper.
Jackson. Miss., November 5.—(Wpe
rlal j_Govrrnoi Vardaman gives out a
statement to the effect that the new
naper to be started here the first of
next year will he the "best paper ever
published in Mississippi, and equal to
any in the south." At a meeting; of the
promoters of the paper yesterday Hon.
C. M. Williamson was elected tempor
ary president of the company, A. C.
Jones, treasurer; J. W. Church, secre
tary. Governor Vardaman 'is to lie
the editor-in-chief with absolute con
trol of the news and editorial policy of
■ ' -:... ’I
WILL PROBABLY
SPEND MILLIONS
1
Change in Ownership of Tennessee
Company Continues to Be All
Absorbing Topic.
The sale of the Tennessee Coal, Iron
and Railroad company to the I'nitcd
States Steel corporation continued to be
the chief topic in local industrial ancl
financial circles yesterday. The deal is
regarded here with high favor, since the
general policy of the Steel corporation
is known to mean development on large
lines, and since too it is known to be
the only industrial institution strong
enough to put up cost and push improve- 1
ments in spite of adverse financial condi
tions.
It is thought that but for the money
panic in New York the interests which
acquired the Tennessee properties two
years ago would have retained their hold
ings indefinitely. The men who formed
the syndicate felt satisfied that they had
a good thing and it was seen that their
purpose was to develop the properties
in a steady and business-like way. But
the money squeeze came and under the
, circumstances, it was found best for all
concerned, to let the great Steel corpora
tion tak over the properties.
The Steel corporation is made up of a
number of subsidiary companies.
□eratTflte v frmtmivrabie large plants,
inong the chief subsidiary concerns are
e Carnegie company, the Federal Steel
mpany, under which the Illinois Steel
operated; the American Steel and Wire; ,
». National Tube, the American Steel |
op, the American Sheet Steel,#and the
erican Bridge company.
lre Tennessee company, with its eti
•ed open-hearth rail mill and six blast
'.aces at Ensley and ten stacks out
of Ensley and with Its immense coal
ore properties, will cnvne to be one
a most important subsidiary com
es. Like the other subsidiary eon
it will retain a complete executive
operating organization.
Steel corporation being a large ex- I
it will have a great advantage
pping its products from the Bir
am district because of the cheap
rates at Pensacola and Mobile as
ed with rates from eastern ports. In !
g out this advantage men promi
the metal trade here say that the
nited States Steel will naturally push
development in the district and will as
soon as possible start, new construction—
steel plants and plants for turning out
various finished products. The Immense
trade the Steel corporation will have with
Panama will bo an additional reason, it
is said, why the Steel corporation must
hurry along development. Taken all to
gether, the new owners of the Tennesee
company will, it is thought, make the
Birmingham district hum as it never
hummed before. They have enormous
capital and will expend many millions
here every year.
Oakleigh Thorne’s Statement.
New York, November 5.—Oakleigh
Thorne, president of the Trust < ompany
of America, tonight authorized the fol
lowing statement:
“The Trust Company of America has
never owned a share of Tennessee Coal
and Iron. ’ It has outstanding loans made
to responsible parties on Tennessee Coal
and Iron stock as collateral to the total
amount of $620,000. all o£ which loans are
amply margined.“
STOCK YARDS BURNED.
Ten Carloads of Hogs Are Destroyed
By the Flames.
Louisville, Ky„ November 5.—The plant
oC tlie Bourbon stock yards, located at
Johnston and Main streets, was practi
cally wiped out by tire tonight. From
the stock yards the flames spread to the
I plant of the II. L. Vissman Packing
| company. The loss on the stock yards
| plant is estimated at $200,000. Ten car
I loads of hogs were burned, but the em
I ployes managed to save most of the cat
tle, although many received minor in
juries while so engaged.
The packing plant of H. L. Vissman was
slightly damaged and nine tenement
houses destroyed, the loss on the latter
being $18,000. Both the stock yards and
the packing company were Insured for a
little over half their value.
Officers May Se Retired.
Washington. November j.- Pour army
j officers who failed to take tlie test ride
I directed by President Roosevelt to de
termine their fitness for army servlee
have been ordered hefore a retiring board
to meet In Washington. November 12, for
examination. These officers are Col.
Henry M. Adams of the engineer corps,
Lieut. Col. Ormond M. Lissak of the
United States Military academy. Maj.
Henry Benham of the Twenty-third In
fantry and Maj. Charles C. Pierce, chap
lain of the engineer corps now stationed
at Washington barracks. The second
senior chaplain in the service. Brigadier
General Davis, is at the head of the re
tiring board.
Indian Chief Injured.
Okmulgee, I. T.. November 5.—Maty
Tiger, chief of the Creek Nation, was
seriously injured while riding in the woods
near his home today. His horse became
frightened and broke from the trail into
a dense thorn thicket, two large thorns
piercing Maty Tiger's head, pressing into
the left ear.
LET US HOPE THAT THE “SNUFFER” WILL SOON BE “SNUFFED.” I
........ .
SUITE BUNKS IRE
IN GOOD CONDITION
Statement Issued By State Ex
aminer Rutledge
THE GOVERNOR IS FIRM
It Is Believed That He Will Give No
Heed To Politicians To Call
Off Extra Session of
> legislature.
% V
Y -r
Montgomery, November 5.—(Special.)—(
The condition of the 187 state banks of
Alabama is shown in a report just made
public by State Kxaminer Rutledge. It
shows an increase of deposits from October
10, 1900, to October 15, 1907, from $26,36S,
250 to $30,785,838. Capital paid In in
creased from $7,532,933 to $8,470,750. The
surplus and undivided profits are $4,305,783,
compared to $3,794,904. Amounts due to
banks and bankers is placed at $2,121,059
on the last date, as compared to $1,540,021.
The total resources grew from $43,076,414
to $49,655,424.
The statement in detail follows:
Resources.
Oct. 10,1900. Oct. 15,1907.
Roans and uis.$29,616,628.86 $33,348,571.85
Overdrafts . 1,029,724.03 1.095,147.nl
Ronds and stocks.. 1,541,759.63 2,678,721.17
Real estate, furni
ture and fixtures. 1,853,391.10 2,292,708.3
Due from banks
and bankers . 5.(169.053.37 6,714,480.23
Cash . 3.333,017.73 8,814,573.97
Other items . 32,839.81 11,215.43
$43,076,414.53 $49,665,424.73
Liabilities.
Capital paid In.... 17,532,063.20 $8,470,750.00
Surplus and undi
vided profits. 3,794,904.16 4,386,783,70
Due to banks and
bankers . 1,540,021.75 2,121,068.18
Deposits . 26.368,250.63 30,785,838,95
It. discounts . 1.639,636.97 1.357,299.M
Dills payable . 2,072.438.43 2.548,693.115
Other items . 228,208.39 .
$43,076,414.53 $49,655,424.73
Governor Firm.
Frankness compels the prediction that
the efforts of tho commercial men of tho
state to prevent further railroad legisla
tion at the special session that assembles
Thursday will be of no avail. Governor
Comer has said that the pressure of a
few men of business will not stand with
him at tho same time that the great body
of the citizenship of the states does not
join In the movement. In other words
petitions from commercial clubs arc taken
to be from a few* men. while the voters
who put him in the office on a strenuous
anti-railroad plantform, are legion and
he takes It that lie Is obliged by tho
size of the vote and the expression of
the platform to work the problem out.
However, a man or set of men may feel
on the question and however much tho
business men may feel that the extra ses
sion Is bad policy at this time, the facts
In the case are that the opposition has
not made a specially strong showing
against It. Thoughtful men belteve that
there Is a strong feeling of regret that
the lawmakers are to meet just at this
time and It Is Indicated by many things
that this feeling Is widespread, but it
has not been centralized and presented
in tagihle form so as to show up any
thing like its strength. There are many
men who believe that the litigation should
be fought out to the end and a decision
I arrived nt so that there will be no more
trouble about the law.
Garber Files Answer.
Attorney General A. M. Garber. with
associate counsel for the state, has made
answer in the United States court to the
application of the Louisville and Nash
ville Railroad company for an injunc
tion to prevent solicitors and sheriffs from
interfering with the road for refusal to
; obey rate and regulation laws that have
been enjoined by the federal court. It
is denied that the governor of the state
has acted in such way as to reflect upon
the federal court. It is also denied that
the federal court has the right to enjoin
criminal proceedings.
Tulane Trims Kentucky.
New Orleans. November 5.—Tulane
university defeated Central university
| of Kentucky at football today, 2S to S.
I The winner* scored four touchdow n i
and one field goal. Kentucky scored
first on a fifty-yard run from a for
ward pass, making the first time this
year that Tulane has been scored on.
Kentucky also made a field goal.
COLD ARRIVES
FROM EUROPE
financial Situation Aided By in
flux of Beal Money
$24,000,000 MOBE10 COME
1 New Vork Bankers Agree in Their Ex
pressions That the Financial Cen
ter Is Sound and Is Now Ready
To Help Others.
New York, November 5.—The arrival
oC the llrst treasure ship laden with
gold for the relief of the present strin
gency was the feuture of the financial
situation today. Tile Kron Prlnzessen
Cecilie was reported off Ftre Island ut
6 o’clock in lhe morning and soon after
10 o’clock sailed up to her dock and
unloaded *7,100,000 of the yellow metal
which will gu to strengthen New York
hank reserves. The Cunaril liner Lusi
tania will follow closely In lier wake
with *10,000,000 and *14.000,000 more
will follow during the remainder of the
week and early next week.
Tlie additional withdrawal of £75,000
for the United States and £25,000 for
Canada brings up the total gold en
gaged on the movement to about *36,
600,000. The news that the Bank of
Franco had shipped £3,000,000 in sterl
ing bills of London was received hero
as an event of importance Indicating
ihat French financiers were not only
able but willing lo help London and
the United States indirectly by reliev
ing the strain on lhe Bank of England
caused by the heavy American de
mands for gold. It Is hoped that this
action of the Bank of France will de
ter the Bank nf England from raising
Its discount rate to 7 per cent at the
meeting of the directors Thursday and
lhe fmperlai Bank of Germany from
raising its rate from 6<* to 7<i per
cent.
The Inference Is drawn that It Is
likely to have this effret because not
Since 1673 has (he Bank of England's
rate been above 6 per cent, and only
for twelve days In eacli of the years
U,9)i and 1900 has the German rate
been above 6 per cent since 1670.
Conference of Bankers.
The presence of .Secretary Cortelyou
In d,e city on his wav home to vote
gave an opportunity for further con
ferences with Mr. Morgan and other
leading bankers. The secretary came
over from Washington with President
Roosevelt to vote and on his way back
from his home at Hempstead, L. I., de
cided to stop off and learn of the finan
cial situation.
Besides Mr. Morgan. Secretary Cor
| telyou saw George W. Perkins and one
i nr tw0 other bankers, v.'ho acquainted
I him with the progress of events. He
I was told that the situation In New
York was rapidly Improving because of
i (he developments In the last twenty
; four hours.
Those bankers who saw Secretary Cor
! telyou today are convinced that there
is no intention on the part of the Pfes
ident to rail on extra session of Con
gress to pass remedial legislation, as It
is understood the administration feels
that the situation should settle down to a
basis Where a proper Judgment ran he
formed on the various proposed changes
in tlie present monetary laws. It was
further understood that the administra
tion has not yet definitely shaped the
plans of financial legislation which It may
desire to have considered at the coming
session of Congress.
Corner Is Turned.
That the corner in the recent monetary
difficulties has been turned was evidenced
today when at a conference of J. P.
Morgan. »vl P. Morton. George W.
Perkins, together with several other well
known financial men. attention was chief
ly directed to the situation in other finan
cial centers throughout the country to
ascertain if the strain of the Iasi two
weeks had disclosed any weak spots. With
the situation cleared here, the hankers
feet that they are now in position to
tender such aid as they can to ailhcr
TOM JOHNSON WINS !
OVEH T, 0, BURTON
Republican Chairman Concedes
the Defeat
FOURTH TERM AS MAYOR
- !
Johnson Will Have About 5000 Major- 1
Ity in the Final Count If the j
Present Ratio Is
* If opt U'l
' Cleveland, O., November 6.—Mayor Tom |
L. Johnson was toduy re-elected for the
fourth term as Mayor of Cleveland in
a hard fought battle, in which the re
publican ticket was headed by Congress
man Theodore O. Burton, chairman of
the House committee on rivers and har
bors. At midnight Chairman Baker of
the republican committee conceded tin*
election of Johnson by 5000 plurality. At
the Johnson headquarters Ills majority
is placed at higher figures, and the dic
tion of 1 he entire city democratic ticket;
is indicated by 3imh> or more. The demo
crats elect a majority of the council -
men. Congressman Burton made consid
erable gains over the vote of two years
ago, when William H. Boyd was the
republican candidate, but the gain was
not sufficient to overcome the strong
Johnson lead.
At midnight the official count of 130
of 244 precincts give Johnson 23.M0; Bur
ton 20,431*. The present ratio if main
tained would give Johnson a majority
of over 8000.
Results in Ohio.
Cincinnati, November 5.—Ohio's first ex
perience in separate municipal elections
demonstrated today that local issues
would he paramount and the results aro
so varied that partisan victories cannot
he generally claimed as such, each local
light having some, particular complication.
For Cleveland, interest, centered on the
contest between Mayor Johnson and Con
gressman Burton, over the matter of
street, railway fares, an ultimate 8-cent
fare or the immediate accomplishment of
a present peace in local transportation
matters seeming to give a ballot leaning
toward the former Idea, indorsed by John
son.
In Cincinnati, Markbreit, republican,
was elected mayor by so sweeping a
vote that lie has apparently carried his
entire ticket with him. ending a light of
Mayor Dempsey, democrat, for the vindi
cation of i» re-election and the present
efforts of those who have been long op
posing republican leadership in Cincinnati
affairs.
In Toledo. Mayor Brand Whitlock, who
received a democratic nomination and run
lor election os an independent, has been
emphatically indorsed, securing over 7000
plurality.
Bond, republican, was elected mayor of
Columbus by from 3000 to 7u00 plurality
I over Duncan, democrat, who had an
| nounced strict lnforcement of all liquor
and Sunday laws.
Dayton’s three-cornered fight seemed,
according to the early returns, to he In
favor of the democrats, their candidate,
Burekhart, winning out over both re
publican and independent candidates.
point should it prove necessary. Mr. Per
kins said, after one of a series of con
ferences held today, at the library of
j. P. Morgan:
"Things are shaping themselves very •
satisfactorily locally and we spent most
of the day comparing notes on the situ- ,
ation throughout the country. This wan
done, not because we felt any apprehen- j
sion of difficulty anywhere else but to !
icarn of the general situation "
j The treasury has much reduced the
* ash balance, which was nominally avail- I
able for deposit in the banks, but still 1
actually holds about 1130,000,000 In various I
forms of currency against outstanding I
checks, disbursing ofTh era’ balances and ;
■ other demand obligations, which never j
i fall below $1,(W0,000 In the amount out- I
i standing. . How far Secretary Cortelyou I
will feel justified in drawing upon these*
funds he has not yet indicated, but he
may use a part of them to meet the grow
ing appeals from the west for resources
for moving the crop#.
, Officers and directors of the Lincoln
I Trust company toda> denied the repor t
J that their resignations <‘d been tendered.
One of them said:
i "There has not been even a suggestion
■ ifi to the resignation of either direr to i s
or offi« era of t!.»- Lincoln Trust 1 ompa
The large and more influential depositors,
familiar with the affairs of the trust com
pany. not only show no lack of confidence.
^tovimtjrorp^^
Many Surprises Occur
In the State Elections
STEPS TOWARD
FUTURE PEACE
General Porter Tells of Work
Gone At The Rape
GREAT RESULTS ATTAINED
Vie ••s of General Porter Are Extreme
ly Optimistic Over The Hague Con
ference and the Results Which
Will Accrue.
New Vork, November 5.—Gen. Horace
Porter and Joseph H. Choate, two of the
American ambassadors to the recent peace
conference at The Hague, returned home
today on the steamer Kron Prinzcssln Ce
• ilia and will go on to Washington in a
few days to submit a report to the
President.
Both General Porter and Mr. Choate
expressed themselves as being entirely
satisfied with the results of the second
conference. Because two of the princi
pal propositions before the conference,
obligatory arbitration and limitation of
armaments, failed to take positive form,
Mr. Clvoate said the idea prevailed in
sonic quarters that little bad been ac
complished. This view, he declared, would
bo dispelled when the results of the con
ference were studied and their far-reaeh- j
ing effect fully realized.
No less than 14 conventions, dealing
with various phases of war were adopted,
ami the conference also declared In favor
of many more propositions, among them
the doctrine of obligatory arbitration.
One of the principal conventions adopted
unanimously was the proposition offered
by the American delegation through Gen
eral Porter and designated the "Porter
proposition.” This convention prohibits
tiie use of armed force for the recovery
of contractual debts until all efforts at
arbitration have failed. The Importance
of the convention was emphasized by
the fact that it Was signed by every cred
itor. n^d debtor nation. Article l of .bo
convention retuis: " A contracting pow -
ers are agree.., not to hive recourse to
armed force for the recovery of con
tractual debts claimed from the govern
ment of one country by the government
of another country as due to Its citizens.
However, this stipulation shall not ap
ply wh**n the debtor state refuses or
leaves without reply an offer of arbitra
tion, or in case of acceptance, renders
impossible the establishment of a com
promise, or after arbitration does not
conform to the award.”
Genera! Porter’s Views.
Discussing' the work of tin- conference.
General Porter said today: “\ think it
will be fully recognized when tin- work
of the conference Is studied and under
stood that if this conference had suc
ceeded In adopting only one of the four- j
teen conventions finally agreed upon it 1
would have repaid the nation* for tiring I
ing it about.
"War seems remote now, blit we have
dune much to ameliorate tin* horrors of
it. If it should occur. We have provided
for the better protection of prisoners and
wounded and for a fuller recognition of
the Bed Cross and other societies in the
interest of humanity. j
“This was the first time that all the '
nations of the globe ever met In amicable
conference. The debates were Interesting
and Intelligent. There was no acrimony;
not a. harsh word was uttred.
“Everywhere was evident an earnest
desire to bring the people together, and !
when th© text of the 14 adopted con von- !
tions is studied everyone will be struck
by their importance, not only as affecting
the present but as indicating still better
results at the next conference. One of
our most important works was the agree
ment to hold the next conference in eight
years the same period that elapsed be
tween the ilrst and second meetings at.
'fiie Hague. This, we believed, will in
sure hereafter the automatic gathering of
peace conferences.
Two Propositions Fail.
“One of the two things which failed
to take positive form at the conference
was obligatory arbitration. Th*- T'nited
State.s delegation pressed thi* poposition
to a vote and it received 32 out of 44
votes in the conference. But two or three
large powers were not willing to go that I
far at this time. They would only agree
to announce their Indorsement of th*
principle of the thing. The conference,
you know, was not one win re .i majority
ruled. Neither were there rules for cut- ]
ling off debate and demanding a vote, j
Diplomacy had to be the rule in bringing
results, and there was no attempt at
force. The conference dissolved in the
best of harmony.
'fbe second proposition which failed was
that dealing with limitation of arma
ments. The attitude of several of th©
great nation, taken In advance of the
conference, made it known that this |
proposition could not be accomplished, j
One nation wanted to remain as it is.
Another continental nation, which had |
been subject to attack In th© past, was
reluctant to reduce Its means of defense. I
Home thought that for a power like Anier- j
lea to urg© another power to diminish j
its light to arm for protection was a
good deal like that nation to ask New i
York to reduce its police force.
it Is difficult to tell Just what, con- \
stitutes military power. It Is made up i
of navies and th© extent and protec- ■.
tion of fortifications. It may consist
also of International administration
with a power to levy ©amass© upon
the people. But the conference ex- ]
pressed unanimously a desire to have ,
the governments study the question j
seriously between now and the next j
meeting.
Neutral Attitude.
“Th© American delegation stood in u
favorable position as it was not a
member of the European concert and
our country is separated widely geo
graphically from the great powers and
occupies generally a neutral attitude.
It therefore found itself In a position
to take th© initiative and to intro
duce th*- many measures which it pre
sented and was successful In carr>itiir
t It rough, bur delegation mad*- a per
sistent effort t*» have established a
permanent court. It succeeded In pre
paring and having adopted by Hie con- !
4lOVriNLEf> OS PAtiK 4.) |
13 Mf Wins Ora the Coin
ti.oed Opposition of Republi
cans anil Independents
TOM JOHNSON RE-ELECTED
MAYOR OF CLEVELAND
Kentucky Has Gone Republican Ao
cording To Returns, While Massa
chusetts Goes Republican By
An Overwhelming Vote.
Now York, November 5.—Elections held
throughout the country today passed off
comparatively quiet. The- returns from
various sections show the following te
sults:
Massachusetts re-elects the entire re
publican state ticket, headed by Gov.
Curtis Guild, Jr. Henry M. Whltne.v, the
citizens democratic candidate for gover
nor, polled a mu'li heavier vote than
Charles W. Bartlett, the anti-merger
democrat.
Pennsylvania elects John O. Sheatz, re
publican head of the ticket, for state
treasurer by a large majority.
New York state elects Kdwurd T. Bart
lett and Willard Bartlett, joint candi
dates on the republican and democratic
tickets, for justice of tho court of ap
peals over the candidates of the Indepen
dence league (HearstA
New York City elects tin Tammany can
didates by considerable majorities over
tin- Independence league-republican fusion
candidates.
New Jersey is claimed by both sides.
The early reports Indicated a plurality for
Frank S. Kntzenbach, Jr., democratic can
didate for governin''. but later returns
show John Franklin Fort, republican,
making large gains. Tho democratic, stale
committee claims Katzenbarh's election,
but Judge Fort does not concede this, and
says the result is close.
The Maryland contest for the governor
ship is in doubt, owing to the lateness
of returns. Chairman Vandiver of tho
democratic state committee claims the
state by 12,<J00. and conservative esti
mates. based on meager returns, give
Carothers, democrat for governor, a plu
lality of 6000 to 8000.
The Rhode island returns indicate the
re-election of Gov. James H. Higgins,
democrat, over Frederick H. Jackson, re
publican, >; a plurality estimated to bo
about 1500, showing a democratic gaftl
from the plurality of last year.
The election of the democratic ticket in
Mississippi, headed by K. F. Noel toi'
governor, Is u foregone conclusion as
there is no opposition ticket.
The Kentucky returns Indicate the elec
tion of the republican ticket and the
overcoming of the last democratic ma
jority of 27.5W. A. E. Willson, the re
publican candidate for governor, is con
ceded the election by from HOMO to lO^ml
majority.
hi Nebraska, M. B. Itcfie, republican
candidate for the supieme court, t ii •»
most important stale ofl’i«••• voted on, is
undoubtedly elected.
The mayoralty contest in Cleveland re
sulted in the election of Tom !,. John
son. present mayor, over i 'ongi esamuu
‘Theodore K. Burton.
. The American. anti-Mormon parly, at
.Sail Lake Clt> is estimated to have that
largest pluralities ever given in that dly.
At Toledo, n.. Mayor Whitlock and the
entire Independent ticket is elected.
Cincinnati elects Co! Leopold Mark
hreit, the republh an . indidate. for max or.
Reports from S:in I'ran- N u ;uw Tay
lor, democrat and goon ? ovcriunent can
didate for ma <»r, h-.iding with the union
labor candidate doming unexpected
strength.
Heavy Republican Majority.
Boston, November 5 -Governor Cur
tis Guild of Boston, republican. was re
elected for a third term today by a.
plurality estimated at a late hour 10
nlglil at over 100,000. Ilic largest given
i* candidate in Massachusetts since the
free silver movement. The balance of
the republican state ticket was also
Hureessfu! and the party will control
both branches of the legislature b' .t
proportion of about ;t to 1.
The officers elected were
Governor, Curtis Guild. Jr., of Boston.
Lieutenant governor, Kben S. Draper*
of Hopedale.
Secretary of state. William M. dirt
of Boston.
'Treasurer. Arthur 1*. Chapin of Holy
oke.
Auditor. Henry K. Turner of Malden,
Attorney general. Dana Maltone of
Greenfield.
Returns up to !* :u o'clock tonight in
dicated Governor Guild plurality ic
75,000 or more.
Governor Guild xva
election by six oilier J* m .1
M. Whitney of Brook 1 hi d. r ,
and also running on two -ct of nomi
nation papers: Thomas L. Hfsgen of
West Springfield, independence league+
(Jen. Cliarles W. Burthij of Newton,
anti-merger; If. S. Cowell of Ashburn
ham, prohibition; John W. Broxvn >>&
Worcester, socialist, and Thomas F#
Brennan of Salem, socialist labor.
In Boston the feature of the eleettoa
was the contest for the election of dis
trict attorney, which John I. Dennlsson.
democrat, and Walter A. Webster, re
publican, opposed tlie re-election of Jm
B. Morgan, the candidate of the inde
pendence league ami also running on
other nomination papers. Morgan wa*
re-elected by a. large plurality.
Kentucky Gone To the Bad.
Louisville, November 5.—Augustus K.
Willson, republican candiate for gov
ernor and the entire republican state
ticket have been elected by majorities
ranging from f»Q00 to 10,000 and the
republicans have carried the city of
Louisville for both state and city
tickets. James F. Orinstead. republi
can. is elected mayor of Louisville by
3500 majority. The next Kentucky
legislature will have a democratic ma
jority on joint ballot and stands pre
sumably for Governor Beckham for
I nited States senator, although there,
is already some talk of a bolt of some
of the democrats to defeat him.
These are the results of one of the
warmest and what seems to have been
the squarest election Kentucky has had
for years. At midnight complete r« -
turns from 73 of the II!* KentucK
counties had been received and li e- •
gave a majority of J»» for Willson as
i.gainst approximate!v JT.Ot'O .najm-uy
fm Beckham at the last state tkcllu
In addition to the 73 counties mentioned
(COKTLStBO OS PAGE 4.J