Newspaper Page Text
ARE VERY CAUTIOUS Many Conflicting Influences Confine Week's Variatiohs to Small Compass?Prices Fluctuate Spasmodically. New Tork, Mnrch 20.?.Speculatlve d_allngs in domestlc whent markets were irregular early in the weck, prices fluctuatlng In n spasmodlc wny. Net changes were. however, rather In conscf(iientlnl. The fact was, there wero so mnny ronllli.tlng influences tliat the vnrlatlon.i were conflncd to a narrow conipass. Tradcrs were decid? edly cautlotm, and heiicc not lncllned 10 taltc a permanent stand on elther side, thelr denllngs belng malnly of n small, ."cilplng charai.ter for ?|Ulck turns. Temporarlly, ut tlie out.et, the tendonry was sllghtly upward, but uf. lerwards nll of the Improvemcnt waa lost. Tbe lnlttn.1 strength wns caused largely by nervousnesa among ..cllcrs for the decline, and notably In the Instance of May contracts ln thc local market, whlch sellcrs were pnrtlcularly anxious to cover, owlng to the Ini-lg Tiit"icant contract stock here, and there fore the May prcinlum advanced In a strlking way, going to S cents. against 7-S<ff7s.i cents last week, whlle the price difference between May In New York nnd Chicago wldencd to 10 cents, against f'?4 cents'on Saturday. Advnnclnf? Tendency. The general rlslng trend was partly traccable to cneouraging cable advlce., Kuropcan market.. belng Influenced partly by a stronger tendency in Bue? nos Ayres, and partly by addltlonal re? ports of unfavorable weather In Riis sia, Indla and Ppaln. In the latter country the outlook has become unsat isTactory, owlng to thc lack of mols ture. Covering ?was also stlmulatcd, partly by contlnued eomplalnts of un? favorable prospects In the Southwest, where the plant was badly in need' of raln, and especialiy ln parts of Kansas, whero thore had been little or no pre otpitatlon for nbout forty days. Tbo subsequcnt recesslon was partly nscrlbed to the more ravorable ofHclul report from Argentlna, whlch estlmated tho ...portable surplus at 30,000,000 bushels. against recent private esti mate3 of 6S.000.0OO to 15,000.000. The Increased pressure to sell. and especialiy the dlstant or new crop con tiracts, was largely prompted by re? ports of llght ralns or local showers ln parts of tho wlnter wheat belt where moisturo was needed, but, unfortunate ly, tho ralnTall was by no means gen cral or cnplnu... antl ncnce tne piant is slill stifterlng. I.ntc .'nsetlleinenl. Late ln Ihe week thero wns contlnued feverlshners and unsottlement. It was evldent thnt. traders were stlll in n hesltuting mood and indlned to take only small chtinecs from day to dny, ilouhtloss pendlng moro jjosltlvo clovel opments, partlcularly ns to the proba. ble di_torloriitlon in tlio growlng win? ter wheat plant. So many uonlllctlng nnd appurently cxaggerated reports as to thc oxtrnt of the damnge hnve been clrculated as to causo much confuslon, nnd therefore numorotis traders hnve thought it wtse to movc with extra ciiiition. In the late trndlng there were nlternate pcrlods ot flrmnoss nnd weakness, but in thc maln the chmiges were inconse-iuentlal and without slg nltlcnnrp. Tem)iorarlly, there was a small ad vanee. In the Olstant deliveries, and notably In September contracts. which wnre most wanted, whlle there seem? ed to be moro anxiety to sell the near | hy deliveries. and partlcularly May. Iln the local market, which was pressed for .?ale. Conseciuently the May pre I mlum over July lessened rapldly. fall I Ing to 5 3-S cents. lt was clnimed tliat tho consplcuous strengrth tn September wns caused largely by nctlve buying In Vestern ninrkets by commlsslon house... Buy? ing was also stimulated, partly by en ceuraglng cables, Europcan markets belng- Influcnced partly by surprlslng ly small exports from Argentlna. not wlthstundlng which the visihle supply thcrc cjlmlnlshod over 1,000,000 bushels. Afterwards thc wholo llst became dull, nnd wlth small holdcrs tncllned to realize, a sllght decllne ensued. I.llllp Tnlcrest In Corn. There wns llttlo animatlon in thc local corn markot. early in tho wcok. ond thc fluctuatlons woro decldedly slow and Incoriseqtientlal. Later thc vnrlatlons wcrc much wldcr, which was cnuscd ma.lnly by n. sharp decline, In sympathy with lower advlees from thc, West. where offerlngs wero larger, buyers of May for the rlsc showing anxiety to unload, promptcd largely by llberal recelpts and accumulating stocks. Cash corn has been offered, frt'cly and at sllghtly lower prlces. lcading to n fair buslnoss, both domes llc and export. | WORLD WILL REQUIRE AN ENORMOUS AMOUNT More Raw Cotton Needed in Corning Season Than Ever Before in History?Much Depends on Texas Drouth. New Orleans, La., March 20.?The result of tbe. trading ln the future market last week served to Infttcate tbat the new crop wlll como into equal prumlncnce wlth the old. This ls a development tbat a few bulls havo pre dicted tor some time. but whlch the l trnde in general has refused to accept.] The contcntion of these few bulls is tbat never before ln what is callecl "modern" cotton trading did tbe en? tlro world so hang on what the new crop would bring forth. Even the bears admlt that thls comlng season the world probably will requlre the largest amount of raw cotton in its entire history. The bulls claim thn worid needs such an enormous supply or cotton because stocks of both cot? ton and cotton goods have sunk to a level evcrywhere for one reason or another. In such a situatlon. anything that promises to reduco the vield of thc new crop becomes a. market factorj of tho utmost importanco. The bulls claim that thc bumper crop needed cannot be raised It the drought con? tlnues tn Texas. They succ.eded In lmpres^ig many followers with thls bellef last weck with the result that the new crop options advanced 1-4 of a cent a pound, while the old crops r. molned at practically the close of the week before. This weck the bulls wlll Increase their effort.-. and if the weath? er contlnues dry in thc AVest their operations in.,j,;_.e. di?tant months will lassume grr-ate^ -importance than is usual before the seed for the new crop Is planted. Should plentlful rains fail in Texas, soaking downpours that will put much. n?-edcd moisture into the very subsoil, It Is but fair to assume that ihe bulls wii; ]ose their grip. that fair-mlnded traders will admlt that the prospects are agaln for a large crop, and that the l.carM wlll have the advantage in t_e trading. If interest in the new crop incrcases nterest in the old ls bound to suffcr. Vt the same time the lcading bulls -ti11 maintain their posltlon on thn icar months, and sooner or later de .elcpments that wlll attract the at I'litlon o[ thc entlre world aro bound o come to light. Patten arrive.. ln this country at the week-end, and bears charged hlm wlth selling somo of his holdlngs thc minute he set foot on land. Hls friends denled this, and inslsied that hc was stlll buying. Tho Manchester market wlll be closcly watched by thoso Interested In thp oldi crop?, and If news of such a bulllsh nature as came awoss thc wn tej- thls last week contlnucs to be sent over. It may bc thnt thc trading pub? lic wlll get b-ick Into July agaln to some extent. Exports of cotton goods from thls country last week showed an enormous increase over Ihe pre ci-dlng weeks of the calendar year. and thc bulls wlll play up any further In? crease thls week wlth the vlow of in lluenclng old crop prices. The new week opons wlth the final ?eport of thc season on cotton glnning 'rom tho Census Bureau. Thls wlll probably not amount to much as a narkot factor. Tho trade is pretty vell ronvlnccd that the figures, Includ ng llnters. wlll be between 10,_..0,noo tnd 10.500,000 bales. Bulls nre Inclln. ?d to the former flgures and boars to he latter. Should the report fall abovi ir below thls range, somethlng thc rade as a whole does not think pos Ible, thc market wlll move strongly >ne way- Or thc others. It wlll bc a short week on all thc ?ouon exehanges of the world because >f thc Easter holidays. The New Or cans market. wlll close Thursday night j end not open untll thc followlng Mon-I lay mornlng. Much . cvcnlng-up of iccounte over the trlple holidays will laturally be seen Wednesdav and .hursday. DISTURBING FACTORS CAUSE OF UNEASINESS Tightening Money Markets and Threats of Labor Troubles Play Important Part in Wall Street Operatlons. New York, March 20.?Last week's money and stock markets -were unset tlcd by a number of dlsturbing factors, principal of which were the tlghtenlng of money markets and the threats of labor leaders. The riso ln money rateri has its speclal importance for the New York market at thls tlme owlng to tho large number of new bonds issued com? lng upon tho market. Subscriptlons fnr the bonds already issued have tholr place in ca.using the rlse In money rates, Tho week's advance in the Bank of Kngland rate by 1 per cent. t0 -I per cent, has other catises back of It, es? pecialiy thc money needs of Indla by reason of trade expansion and the dis ordered British government flnances by reason of the proposed budget legis. lation. The effect of the rluo in tlie bank is dreaded in New York for tho posslble inierference of ihe forclgn subscriptlons to American bond issues. There have been largo for rccctit Is? sues, but not so large as to supply sut flcient forclgn .xehango to meet thc r*quiremcnts for our forclgn Indebtod ne.is on other acrounts. Tlie outgo of gold from New York which may be the eonsequence would complicate the money market positlon at the pcrlod when the Interlor rcqulrcmetits for cur? rency are sprlnglng up. The entire forelgn trade for February showed an escesB value. of import* for the flrst tlme in that inonth slnce 18!i_. In order to pvercome thls ad vantage there may be the nec.esslty to scule down offered prlcas of new. se rurltles. or to lower prices of 6ur com modltlcs In order lo tlirn the balance of fortign trade ln our favor agaln. Undcrlying confidencc has exlsted in the financial district that set.tlements would bo affected of the rallroads' labor diaput.es, which would avold serious interruption of _ profliablo ac tlvity. lt ls even fclt ihat tho aet Uements mlght enforce tho arguments of the rallroads for advanccs ln freight rates. Nevertheless, the strlke order issued to flremen and enginemen oh Western railroads induced conslderablc selllng of stocks until stops were taken io enllst tho mediation of the govern? ment authorltles. The recovery which followed In tho stock market wns accompanied by professlons of confidencc amongst operators in stocks that the forth coinlng declslon of the Suprenu. Court in tho Amerlcan Tobaeco case would bc in favor of thc corporatlon. Tho grounds for thls confidencc woitfd have to be sought ln tho rcalms ot conjocuiro bullt up from lawycrs1 ar gucfMs nnd ln gossip of allegcd leaks in Hources of information. Tho amount of winter damago dono in thc wheat crop was tho subject of uctlvc romputation, wlth growth of favorable opinion on the promlsc of tho crop as a wholo. Lower prlces for iron (livlded lnfluence in tho incroascd dc niund for steel products. Another de irpa.Bo ln tho visible supply of copper hclpcd sentlment In that trade. Children. Ory ( FOR FLETCHER'S C ASTO R I jl\ FIRMNESS IS SHOWN IN COTTON MARKET Trading Rather Light With Bear Pressure Com? ing From Unsatisfactory Reports. in Cloth and Yarn Centres. New York, March 22.?Thc week's , mnrket dlsplaycd flrmness In the face I of llght trading and betir presstire, and I In splto of ui-satlsfactofy reports re j gnrdlng conditlons In 411c cloth and j ynrn markets. Only on one day?Wcd ? nesdny?was thero any ,heavy selllng , pressuro, but even then Ihe markot wlthstood thnt well, and tlio decline ln prices was -only teinporary. Whlle our trade has not been satlsfactory, Its loss has been more than offsct by a much bettor demand fnr goods at Man? chester, from Europe "and tlio Contl? nent. and thls ln turn has devolopcd a better demand for spot cotton from English nnd Contincntal splnners than has been seen ln some tlme. Tho movement ot the crop from plantatlons has contlnued to dwlndle, nnd thc worla s splnners' actual tak Ings are so much In excess of tho amount belng brought Into slght each weck that the world's vlsiblo supplies are decreaslng rapldly. Ilolders In the South are still dlslnclined to press the small balanco of the crop they are still carrylng on tlys market, and con scquently prices qttoted at the prin? cipal Southern spot markets are stUl so much nbove a parlty wlth prices for futures nnd spols here that thls Is still tho cheapest of the world's markets. Bearlsh sentlment of spot dealers and professional traders ln opposltion to tbe bull leaders, whlle still prevaillng among the majority. does not have much Intlucncc In holding prices down. Tbe AVeek's Advnnee. The weok's advance in prices for the general optlon list ranged from 20 polnts on the old crop months to 30 nnd 35 polnts 011 the new crop options. The latter options extend from Sep? tember to next January dellveries, ln clusive. The former are from March to August. There has been a much bet? ter demand for dlstant months throughout tbe weok than for some time. Tho short Interest has been heavlest In August, October and De? cember, and those options havo also been more susceptlble to tho bulllsh Influences of tho drought ln Texas the past month. Thls has been affect Ing sentlment as regards the uncer taJnty of the start of the new crop. Consequently lt has mado tho later options look more attractlve to specu latlve buyers than the hlgh-prlced May and July dellveries, which nro selilng nearly 2 cents per pound over October, Deccrobor and January. The week's rlse brought the March and May options to agaln over tbe basls of 15.07. whlle July crossed 1-1.80, August 11.2S. September 13.36, October 12.36, December 12.77. and January ~Wy~goods~ New A'ork. March 20.?The volume of business done ln the prlmary cotton goods market showed a substantlal Increase during the weck, but sales were made at prices materlally below the current basls of produclng costs. Fully 15.000 bales were sold for ex? port to China and Indla. conslstlng of Standard drllls, lightwelght shcetings. a few hundred bales of three-yard sheetlngs, and, some Canton flannels Fail Rlver sold S0.000 pieces of prlnt cloths, and Southern mllls sold rather more. A Jobber changed the price on Lons dale 4x1 bleached shectlngs from 9 R-4c to 8 3-lc, and agents had not followed thls lead yesterday. He also changed the prlco of bowling brook tickings to 12 l-2c, a drop of 1 l-_c. While agents may follow to thls level later on, lt Is so plalnly below a parlty of cotton cost that mllls wlll hesltate to sell at a loss. At the lower prices now general? ly current, the buyers seem rellovcd as lt was clear to them that they could not make headway on hlgh cotton for the wholo of tho summer trading. Jobbers roadmen who axo out .wlth fail goods. are gathcrlng very satls? factory advance orders. The sprlng reorder trade on flne cottons has been slow ln startlng. A'arns contlnue low and inactlve. Hosiery and underwear are, seasonably dull ln ?,the prlmary market, but rotallers are Deglnnlng to look about more closely for summer merchandlso and some of them are even placing advance business for fail. Voice of the People. (Contlnued from Fourth Tage.l plt-asant pastures. if Uie good things of tbls world came to hlm easily and plenteou?ly. if hls snul ever had a chance to delight Itself In the abund atice of tht- things that he possessed. lf the age in which he llves over re coVnlzed to any extent tho nature of the servlccs that he trles to glve It, and ever gave hlm a word of chcer and tho hand of encouragement, then there might be gome ground for the remarks attrlbuted to "Judge" How? ard, and relteratod often by other thoughtlc-ss persons as an evldonco ot their jrnug worldly wlsdom. No, in all ages "the men and women v.-ho have sought to reform the evlls nf tbeir times have bad to encounter the jeers aml scoffing and hatred of the vcry people in whose Interest they were laboring. as It ls an astonlshlng and most deplorable fact that men and women who are the debased victlms or nn evll law or nra.ctlco or custom are thc most rolentless and mallgnant enemles of tho reformers who are try? lng to open up a way for thelr escape. Aro such unrequlted labors and suffer? ing patlently borne for yoars hy men and women who have no courage. char? acter. vlrlllty or lovo of. raco and country? If the reformers are sapless, chln less, spinoless. thon lt must be thelr onposltes ln our nubllc life thnt have all these deslrable chnracterlstlcs of splnes, snp nnd chlns. Thelr opposites nre tbe ones that make the reformers necessary. generally grouped In classes under the namoq of "pothouso polill clans" and "grafters." It requlres all the manly qualltles, no doubt. to hord together tho mon whose nmnhood has boen lc 111 rvi by the saloons. and vote thom for the h'osa who pays the largest ptieo per head. Doubtless courage nnd vlrlllty are thn predomlnant qu'olltlcs of thc pollticnl grafter. nnd the busi? ness or ororesslonal mnn wlm-n nllv hands rak_ In the Onaneial tbrl-'t fol? lowlng hard unnn thelr fawnlpg before nll the evil inlluences that predcmlnate in our politlcal and business affalrs may bo theso. Are tho moral glants and bltrhest typos tn be held up to nn oti-omliig generation as examplos to follow? Thn business of thc reformer is attractlvo that. thero ls dangor of thn nrofesslon becoming overcrowded If such nubllc splrlt ed (71 men "Judge" Howard dld not occaslonally rlse nnd rcbuke them. J. O. ALWOOD. Rlchmond, March 1S,1010. Street Cnr Stopn. To The Edltor of The Times-DIspatch: Sir,?I notice that thoro is a dls? cusslon In the papers concernlng the stopping ot the earn on the near side of tho street. Thls, I think, would be an excellent plan, provided tbo vexatlous and unnocessary rogulation made by tlie streot railway compnny that passengers only enter nt the rear of tho car, and hero ln Itlchmond this 'understand why ln Now A'ork they let uuseengers cet on at both ends toiiched 12.65, Pcfpltc conslderablc realizlng nnd Indlcallons of rnln com? ing nt last ln Tcxns, thc market closed flrm, wlthin 5 lo 7 polnts of thoso prlces. f.ffoot of Itnlno In Tcxns. ^ ?Should the present Itiulcations of ratn for Texas bo coiiflrmcd, It Is u. ques? tlon whether It would have more than a temporary deprcsslng effect upon tlie market at thls tlme. Thcrc hns beon such a marked deflclcncy ln tho raln? fall ln thnt State slnco January 1 that It has very strongly linpressed the trado that tho great crop fallure of last year was due prlmnrlly to tho instifflcienoy of good winter ralns. Thls deflclcncy from thc normal in Tcxns last yenr put the crop in such had shapo thcrc that thc sumnier's ci rouglit and cxecsslvo heat cut down the ylold 25 to 4 0 per cent. Arkansns, Loulsiana. Mlsslsslppl. Oklahoma and thc Mcmphis district sui'fered from thc same causo... Thereforo the whole "Western half of tho belt, especlally Texas, hns hoji nccd of grcater ralns than the normal thls winter and spring to furnish n good onough supply of suhsoll mots ttiro to carry thc crop through a pos? slble repetltion of last summcr's drought. So far thc ralnfall has beon entlrely Inadequate, and wlth plantlng time now nt hand up to thc central dis? trlcts of Texas, thcrc ls reason' for iipprehension. What tliat State now needs in all scctlons. partlcularly thc Western half and Northern portlon, Is good, soaklng rains for threo or four days, to the depth of as many Inches. Whlle such ralns would delay plantlng lt would put the sell In proper con? dltlon to recelve the crop. After' thnt an unbroken perlod of favorable weath? er for germlnatlon wlll bo necessary,; such ns a warm spring season, wlth frcquent llght ralns. From now on tho weather conditions ns affectlng tho start of the new crop wlll Increase In lmportance as a factor on trado sentlment and the course of tho market. Sninll Contrnct Stocks Here. The total stock of contract cotton here has dccrcascd nearly 27,000 bales durlng the post week, owlng to the contlnued heavy shlpments of tho bull pool's cotton to Llverpool and Brcmen and some deliveries to New England splnners. Tho total Is now down to about 101,000 bales, agalnst 127,600 last Saturday and 141,000 on March 1. Cot? ton cannot be brought horc at present prlces from thc South or Llverpool and dellvered on contracts except at a eon? siderable loss. of th car, and here in Blchmond this cannot be arranged. At present. when tho car stops on the near side of the street, ln muddy weather, any ono wishlng to board the car is deprived entirely of the ad vantage cf the crossing, and It cer? tainly seems that al least at these places passengers should be allowed to get on thc front of the car. I can? not for a inoment believe that thc crowds ln Richmond exceed those in New Vork. and if it can be arranged there it could bo arranged here. CHURCIIMAN. March 10. 1010. Do We I.m-k Statentnenf To The Edltor of The Tlmes-Dlspatch: Sir,?Whlle thoroughly dlsguested wlth the prematurc dlscusslon of a succcssor to Senator Danlel in the event of hls death. I can't help from saylng just a word. The prematurc and in all respects thc indecent and almost sacrileglous dlscusslon above roferred to has apparently rcvealcd tho fnct that in the event of fc'enator Danlel's death, thc Governor of Vir? ginia wilj ho confincd ln hls cholce of a succcssor to a declslon between Ex-Oovernor Swanson and Congrcss man llal D. I-Tood, wlth the chances. because of the Governor's political promises and obllgatlons, rather ln favor of thc last named gentlcman. If cither of thcsc mon rceetvp the np polntmcnt. and attempt to flU a seat ln the United States Senate .chamber allotted to Virginia there will bc many ! who wlll naturally notlce that the Vir? ginia seat ha._ te'rrlbly "swunk." But that aside; why should thc Gov? ernor be rcqulred to narrow hls cholce down to two cross-road politicians or any other two men ls old Virginia as lean of statesmon and ...atesnian shlp as thnt? Is thov Governor's sense of rlght and docency and patrtotlam nnd his obligation to thc grand old State narrowed down to a questlon as to which of these twaln did hlm tho biggest service in hls own campaign for honors that wore rather slow com? ing to hlm. and finally reached hlm by a vote that was conslderably llghter than that rcceived by the most of hls Democratlc prcdecessors, and conslderably bolow that received by his associates on thc ticket? Thcrc is good senatorial tlmber in Virginia, nnd Mr. Mann, the citizen, knows where it Is. Governor Mann, the politiclan, may not be able to see beyond Swanson and Flood. So much. tho worsc for thc polltlcian's eyeslght nnd so much tho worse for old Vir? ginia. OLD HICKOniT. March lfl, 1310. THE IXCONE TAX. Col. J. \. StubliM HxplHln* HU Itei?on? for Oppoftlng Proposed Araeudincnt. Tho Times-Dispatch has recolved the following interestlng letter from Colo? nel .1. N. Stubbs, givlng his reasons for opposing the income tax amend? ment at the last sesslon of Assem? bly: "Tho Tlmes-Dlspatch commented on the 'arguments' made ln the Houso of Be.legates pro and con, when the Slxteenth Amendment to the United States Constitution was dlscussed by the members. I refer to thc cditorlal, 'Virginia Stands Pat.' Not 'arguments,' mere'fusttan,'says the cditorlal, wlth only two excoptlons. I had thought the questlon wns pre? sented on both sldes falrly well. You dld use ln your cditorlal some of the reasons advanced on the floor. My reasons for opposing thc Slxteenth Amendment, wero as follows, viz.: "This country has stood for 122 years, antl ,the questlon of taxatlon by Congress has not beon agltatod by proposlng an amendment to tho Con? stitution untll now. See United States , CoiiHtltutlon und all tlie amendments thereto. Now, tho Republlcans intro? duced tho amotulmont, and should it bcconie a part of tho United States Constitution, thc Republlcans will lay the tax on Incomes and collect the same. Republiean courts oonstrue the amendment and all laws passed there on. It is taking from the States al? most tho last rcmnant of clvi) llbcrty left them; lt Is consolidatlon. puro and stmple agalnst States' rlghts. Con? gress Is given power to lay and collect tax on incomes 'from whatsocver MILLER ? CO. BANKERS AND BROKERS, 1107 E. Maln Street. Members NVw York Stock Exchange, New Vork Cotton Exchange, Chicago Board ? of Trailc. Orders executed for Investment or on margin on all exchanges. Private wires to New York, Chicago and New Orleans. li. LEE RODEN, Manager. sotirco dorlved, without Bpport.lontno'nl nmong the several Stales atul wlthoin rrft-ard to any eoiistis or otiuiiieratlon. "The words Just quoted are tho worth nt the nmnndtrfont?no unlformlty ol taxatlon; Congress could levy iiiobtm inx on one branch of Induslry ane ii"t on another; ,Iust permtttlng Con grcss to do ns lt pleitHcs. No mlnlmun amount of Incomo to bo taxed; coult levy Incpmo on ?Ii tip?opprcssion be yond cndiirancc, Now n tleilclt exlsts Ii the United KtHtes Treasury, nnd thi Tleptibllenns nro anxlotis for thi: amendment, for it Is, 'Help mc, Cassius or I sink.' "Tho high protectlvc tariff hns kep I vory many artlcles from bcing Imported and hence a large deflclt In our revp inies. Thls nmendment Is cncouraglni r.ppulillcnn oxtravagnnce. In 1R8S, ex pensos of our governiticnt amotinte? to about $300,000,000, and now, In inio avc have moro than a bllllon dolla '.ongrcss. I did nol proposc. to givi < ongress another 'stlck' to crack tln South. 'A. btirnt chlld dreads thn tlrc, .lutlglng tho future hy thc pn.it, I cnn not trust thc Bcpubilciiiis. Glve then an opportunlty and they wlll discrlm Ititito. agalnst thc Houth. Who hafl for got.-en Virginia Milltcry District, No. J.' Who haa torgottcn Itoconstructloi days? Who hns forgotton the Under wood Convention nnd 8-1,000 carpet baggers and scalawags?nll Republl cans?voted 6th ot July, 1869, to dls franchlso forever nny Confedcrntc soi dlor and every Southern pympnthl/.er never to vote or hold ortice? Who lla^ forgottcn tho 'grand larceny' pcrpe trntcd In 1S7B. steallng Uic prcsldcncy: | Who has forgottcn the'force bill'? .lusl thlnk of the Innumcrablo encroach ments made by tho Republlcans or our Stato rlghts since 1S61. "Trust them? Nover! They have gone to tho very oxtremo llmlt of thelr power In Congress, and now ask for I more power. Thls Slxteenth Amend? ment is politics, and I can't help lf cur Scnntors and members of Con | grcss regrct Its defeal, 1 had to speak J nnd vote ns I concelved right. I be . lieve I am right, nnd I :im glad Tho | Tlmes-Dlspatch and very inany other ? papers ln and out of Virginia Indorse j thc action of the House. "I am already too long, but I | thought In Justice to myself 1 would | ask Tho Tlmos-Dlspatch to permlt me to say this much. even If my re I msirks In the Houso wcrc 'fustlan.' j "If Democrats could lovy and col? lect tax on Incomes and would always do so, then I would conslder thc ques? tlon perhaps dlffcrently, Lot our State tnx incomes and don't permlt Congress | to come along and tax the same In iiomcs. I must l-c rlght." 1 BE (Contlnued From First Page.. through a falrly open country dotted hero and there wlth mimosa thorr trees. Suddenly the tracker foll flat and motioncd to the correspondent lo do llkewlse. As they glanced ahead three cow elephants were to be ' seen les.? than 100 fect away. They looked Im? mense, and hearts almost stood stlll, as It was reallzed that the wlnd was blow Ing ln thelr dlrectlon. carrylng the scent. The dangor was great. and a means of safe retreat was sought for. The search only revealed ihat thls par? tlcular spot was the centre cf a small herd of elephants. The terrifylng mlnute or two passed and then began a. backward crawl. sinti cventually. after what seemed hours tho two reached the oulskirts of th< herd Just a3 they began to move away They were so silcnt, so huge and s' capable of deallng destructlon tha' the escapo seemed awe-insplring. Hunt Given Up. However, another series of clrcle. was made around the herd in searcl for tho bull, but again the tracker: got amongst the cows, and as tht wind seemed to chango every few mln^ utes it was agreed to give up tht hunt. Cows with calves at their alde are not the tamest of elephants. A mavch was made shortly aftei to Kcriba's vlllage, on tho banks ol the Klt Rlver. Old Kerlba, a ver.\ frlcndlv chlef, whose bugle hand i.' the apple of his eye, was keeping noisy watch for Colonel Roosevelt, of whose prowess he had heard. Foi many weeks tho band had been prac llclng the varlous mllltary calls, and they greeted tho arrival of the ex Presldent wlth a. series of calls ol every variety and a very conslderablc program of bugle marches. ftummcr ftegorte. NATURAL BRIQGE HOT [L MAKE UP A' PARTY NOW and vislt thls wonderfully Intcroatlns rrsort. Comfortable hotel, good service. plenty to soi- and amuac. Nntural llrid.tr Hotel Co., Natural Brldge, Va. The Valentine Museum ELENTH AND CLAY STS. Open daily from 10 A. M. to 5 P. M Admission. 25c. Frcc on Saturdays. ASK MR. BOWMAN AB0U1 STEAMSHIP AND TOURIST TICKETS Hls office (? the oilr eicluil.t, up-to-_?te St___n_t_!p _ad Tourist Ageacy _nd Fice Inl orm-tloa Dureiu So uth ol Muon and Dtton'i Llne. Detalli ot Tenn _? the Orlent, the (M_dlt.n_ne_n) ot ___.----_ Ihe Wetld u ??,.ed* J*? "'" pl,a 'tteennr f?r the cheipest u well __ the most coarrnleat route. All Europeaa and OoenUI Suimthlp Llnel Reprcwattrf. Everythlattar thr __.eler. Includlng Accldeat luurucc. SAMUEL tt. BOWMAN Mad.5154. 708 E. Main St. ?.)Clt.l?. HOTEL -,. YORK I' v YORK NEW 8BVBNTH AVE3? COB, 8?th 3T. EUROPEAN PLAN RATBS: fl.M to 1180, wlth detaehed bath. 12.00 to 1400, wlth private bath. Occupl.e tha geographleal centre of tho olty, near the vortes of travel, Wlthtn from one to flve mlnutea' walk of twenty.ona theatre.., Car. paii the door.- and wlthin flve mlnutea et all the lareo retail ehopa. Morman drlll loom. Culalne of auperlor excellence. Moderate prlcee. H. a. WILUAMB, Manarar, Jftoamftil_i(5_!BSft UFE INSURANCE COMPANY OF VIRGINIA. fncorporate-i ns a Stock Company ir 187 _. Issues tlio Most Liberal Forma of Life and Endowmcnt Pollcies from $1,000.00 to $25,000.00, With Prcmlums Payable Annuully, Scml-Annually or Quarterly. All Pollcies are Non-partlcipatlng. Insurance in force Dec. 31, 1909.$68,3.-7,613 0(1 Assets Dec. 31, 1909. 5,372,691 99 Capital and Surplus Dec. 31, 1909. 1,060,286 67 JOHN G. WALKER, President. Bank nf donttnerce and (Urusta 9th and M__t_i _._.??? Capital, $200,000.00 Surplus, $50,000.00 DEPOS1TORY FOR THE CITY OF RICHMOND AND STATE OF VIRGINIA. This strong, progressivo bank solicits thc accounts of all classes, large or small. Business, personal and accounts of corporations receive our careful attention. Acts as Trustee in Mortgages, Executor, Guardian, Receiver, Registrara of Stocks and Bonds. Savings deposits a speclalty. 3 per cent. interest paid, com pounded semi-annually. l Virginia Trust Co. 92 2 E.MAIN ST..RICHMOND. VA. _________ . ONE MILLION DOLLARS I_ Your Wishes Will be Carried Out Through thc medium of a properly drawn Will, you can insurc the cxecution of any trust which you desirc to crcatc for lhe benefit of your children, relatives or friends who need protection because of im providencc or inexperience. Should thc woraing, however. bo obscurc, your purposes may bc defeated. This Company is thoroughly experi? enced in the drawing of Wills, and its scrviccs will be given frcc of charge when the Company is named as Executor. II. W. JACKSON, President. JAS. N. BOYD, Vice-Pres. JNO. M. MILLER, Jr., Vice-Pres. L. D. AYLETT, Secretary. JNO. II. SOUTHALL. Trcasurer. __* 3<Vo ON SAVINGS & INACTIVE ACCOUNTS .E-Hljere to ftfop ln Virginia. THE JEFFERSON, Richmond, Va. Thc most magnificent Hotel in j the South. European plan. Rooms single and en suitc, with and without baths. $1.50 per day and upwards. Spacious sam? ple rooms. Booklet on applica? tion. Table d'Hote Dinners Saturday and Sunday evenings 6 to 9 o'clock, $1.50 each. dwntt ______ ___ih Grass and Clover Seeds are best qualities obtainable, of tested germination and free from objectionable weed seeds. Wood's Seed Book for 1910 gives the fullest information a boutall Farm and Garden Seeds, especialiy about Grasses and Clov ers, tbe kindB to sow and tbe best way to bow them for successful stands and crops. WOOD'S SEEDS have been sown for more than thirty years in ever increasing quantlties, by tho best and most successful farmers. Wood'a Seed Book mailed free on request. Wrlte for it. T.W. WOOD & SONS, lr\ SEEDSMEN, pi v/\l Rlohmond, - Vlrglnla. \rJ Wantit Citp 'ftetfart HOTEL DUNLOP Oc0aAnt^tic*cl-ylS:i:"k Refurnlsliod antl redecorated through? out. European plan $1.50 per tlay. and up. Flmt-claas restaurant. jFull orehos tra: whlto service; open all year. R. E. DBLANIDY, Prop.. F, R, BOWMAN, Mgr, 1104 EAST MAIN STREET "Strong as tbe Strongest." Open an Account With thc Savings Bank of Richmond, 1117 East Maln Street. R. A. PATTERSON, President. JAMES M. BALL, Cashier. BANK of SUSSEX and SURRY DEXDI-O.V. VIRGINIA. P. I). llaln, Prcaldent. l.divHril H_uer_, A'lcc-_*_t3j_eiit. M. -tl. Illehnrdaon, Cp/nlilcr. S'ollclta accounta of farmers, nier chantB, flrnia nnd Indlvliluals. 4 1'cp Cent. I?nlrt On Time SnviiiRN AecuunU. National State Bank RICHMOND, VA. (Formerly the State Bank of Virginia) Capital, Surplus, - $500,000 - $350,000 JOHN S. ELLETT, President. WM. M. HILL, Cashier. JULIEN H, HILL, Asst. Cash. Deposits large and small received. In? terest allowed on savings deoosits. The Confederate Museum TWELFTH AND CLAY STREETS. OPEN 9 A. M. TO 5 P. M, ? ADMISSION, 2..c.': SATURDAYS T-'REE'.