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EL PASO DAILY HERALD, WEDNESDAY. FEBRUARY, 13, .901.
THE DAILY HERALD Published Every Evening Except Sun day by the Herald News Company, EL PASO. TEXAS. UTTLE PLAZA" TELEPHONE 115. Ing liquor or other thing of value to any person to Influence his vote or to procure the vote of any person or per sons or to be used at any polling or other place prior to the date of an election for the purpose above named shall be deemed guilty of the infamous crime of bribery in elections, and, up on conviction thereof in any court of record, shall be wcenced to disfran chisement by the judge and said court for a term not less than ten nor more than twenty years, and to pay a fine of not less than $300 nor more than $2,000 and to pay the cost of prosecu tion and stand committed to the county Jail until such costs and fine shall be fully paid." It is impossible that any such law could be enforced. It is too broad, and the provisions about cigars and liquors would fall flat. The Texas leg- FINANCIAL LETTER. Influence on the New York Stock Exchange of the Recent Great Railroad Consolidation. Special Service to The Herald NEW YORK. Feb. 9. 1901. Wall street still excites surprise by the con tinuance of its extraordinary specula' tive boom. The market is almost un precedented in the persistency of its activity and firmness. Its elasticity is entirely in an upward direction, and naturally nobody cares to take profits so long as prices keep advancing. Last An Independent Republican NEWSPAPER. Rigid Enforcement of Existing Laws Is the First Step Toward Mu nicipal Reform H. D. SLATER, Editor and General Manager. islature has a bill before it which is I week the daily transactions in stocks TENRY L. CAPELL. Business Manager. Entered at the Postofflce In El Paso, Texas for transmission through the mails at second class rates. TERMS OF SUBSCRIPTION: Dally, o.ne year $7.00 Daily, six months 3.50 Daily, three months 1-75 Daily, one month .60 Weekly, six months 1.00 Weekly, three months 50 TO ADVERTISERS: In erder to insure prompt changes In advertising, copy for same should . be at the business office not later than 10 a. m. ADVERTISING RATES: Rates of advertising in The Daily or Weekly HERALD will be made known upon application at the busi ness office. Those who prefer can have a repreentatlve of the busi ness department call upon them, who will quote prices and make contracts for space. Call telephone no. lib. Clasified advertisements for locals, ten cents per line for first Insertion and five cents for each additional Inser tion. Special rates upon five hun dred or one thousand lines of local, to be used in one month, will be furnished upon application. designed to prevent the use of money or "other thing of value" to Influence voters, and to require candidates to give an account of their campaign ex penses. The latter provision has proved to be a perfect farce in other state, and should never be enacted in to law here. A man who will violate the law is not likely to regard his oath seriously, and the provision could nev er be enforced so as to be of use. The main thing is that both these laws are directed against the man who buys the vote, not the seller.- This is a distinct step in advance. It is doubt ful if any law against vote selling could be enforced in such a community as this, but a law against vote buying could be and should be enforced to the letter. The penalty proposed In the Illin ois bill is especially commendable. The Herald has again and again recom mended disfranchisement as a supreme penalty. We disapprove entirely of a variable penalty for this crime. The penalty rhould be absolute disfran chisement, and the governor .should never be allowed to pardon the crim inal. As for the fine, it should be made fell from a maximum of 2.000.000 shares to a minimum of 900.000 shares, and yet without any corresponding fall in price; in the past week the daily sales have bounded back to 1,900,000 shares. but with no such rise in values might be expected from such an in crease in buying. The movement is wholly abnormal. There is no expfain ing it by the ordinary rules of specu lation; it is plainly under the direc tion of special influences of absolutely controlling force, which nobody has the courage to oppose; whilst holders gen erally are ready to follow to any lengths. The explanation is in the fact that financial giants are' in the field, per forming unexpected feats of consolida tion among leading corporations. What has already been accomplished, or is in process of achievement, aggregates several hundred millions of capital. Those operations may be considered as having already had much of their stimulating effect on the general mark et, but no reactionary tendency is dis tinctly apparent. There remains the question whether other similar deals may not be waiting their turn. Each day brings its rumor of other schemes: and it is not unlikely that there may be some basis of truth in the reports. There are plenty of railroads which present as good a case for cooperative alliances as those which are now be ing put through one or another form Adv. 16 when it is seen that the giants have completed their plans and withdrawn their support, the speculative value of stocks will be estimated from a quite different point of view. In prospect of a certain degree of reaction at probably no very distant date, it may be well to compare present prices, for twenty representative stocks promiscuously se lected, with market values midway be tween the highest and lowest of 1900 (omitting fractions), as follows: Year. Feb.5. 1900 1901. Am'rican SugarRfg Co 122 138 A.. T. & S. F. pfd 74 89 Chesapeake & Ohio... 34 Chic, B. & Q 132 Chic, Mil. & St. Paul.. 128 Rock Island & Pac.112 D. & R. C pfd 76 Erie 1st pfd 47 Federal Steel.. . 43 Louisville & Nashville 79 Manhattan Elevated ..101 Missouri Pacific 55 Central of New Jersey 132 New York Central 135 Norfolk & Western 34 Northern Pacific... Reading 1st pfd Southern Pacific. . . Southern Railway.. Lnion Pacific 66 61 38 17 63 41 147 152 128 86 66 51 94 12J 92 153 146 46 84 74 48 24 91 15 7 15 24 16 10 19 8 15 20 37 21 11 12 18 13 10 7 28 low enough to be within the reach of I of consolidation; and what is now be- The Daily HERALD Is delivered by carrier in El Paso, Texas, Juarez, Mexico, and at the El Paso smelting works, at flfteen ti5ci cents per week, or sixty (60c) cents per month. any ordinary man, and then should be enforced to the letter. Judges and juries should be allowed no discretion in vote bribery cases. The law should be explicit and the judge's duty plain. Proof of the fact should carry with it certain conviction and certain, perpet ual disfranchisement. The law should be enforced without respect to per sons, and the result would be an al most certain diminution of the out rageous crimes against the ballot, per petuated by men in office or not. Disfranchisement would carry with it disability to hold any office in city, county, or state. It would also carry with it a perpetual odium, that would Subscribers failing to get the HERALD regularly or promptly should call at I be Increased if the convicted criminal the office or telephone no n&. au complains tection. will receive prompt at- PERPETUAL DISFRANCHISEMENT AS THE PENALTY FOR THE CRIME OF BUYING VOTES. In last night's dispatches thera was a suggestive one from The Herald's correspondent at Austin. It referred to the matter of the vote traffic on the border. In this. El Paso is deeply in terested. The problem is one that af fects every citizen, for it is due to the traffic in votes that the democratic ring Js, enabled to retain control in this city. The Herald discriminates between the buying and selling of votes. Mr. Reeves-County-Clerk seems to think that the Mexican who sells his vote ought to be disfranchised or killed. It is our deliberate opinion that the dras tic measures should invariably be ap plied to the man that buys the vote, not him who sells. The man that sells his vote is usually an ignorant fellow, unfamiliar with the principles of our government, and trained to regard bis ballot as merely a tangible asset. He cannot be ex- should attempt to vote on election day, and should be caught at it. The pun ishment would be complete. There should be no compromise in dealing with the offense of buying votes. It is a crime, a grave crime, and there can be no palliation, no mat ter ,which political organization is guilty of it. o Mr. White, congressman from North Carolina, whose term is about to ex pire, is the only negro in congress, and the next congress will have no member of his race. With the suppression of the black vote in the south the reap pearance of the negro in the national legislature is postponed indefinitely. Mr. White spoke very eloquently of bis race and their wrongs and struggles in a recent speech in the house. Among other things, commenting on the fu ture of his fellow blacks, he said: ing accomplished will naturally have a tendency to force competing lines or routes to adopt similar arrangements. Railroad capitalists appear to quite generally favor the principle of these readjustments, as the most effective method of controlling railroad compe tition yet introduced; and there ap pears to be some considerable probabil ity that we may prove to be in the be ginnings of a movement that will ere long revolutionize the relations be tween the units of our entire railroad system. With what speed the change may be expected to travel is, however, a matter too uncertain to speculate upon. Whatever may be the impres sion produced by the important deals now in process, such transactions re quire much preconslderation and nego tiation, for which time has to be al lowed. While, therefore, there may be certain arrangements pending which will develop further deals, before the present excitement abates, yet it is doubtful whether these operations can be carried much farther at present without inducing an excitement that would break up in violent reaction on the stock market. It is not to be concealed that the present firmness of the market at a very high range of prices is abnormal and largely fictional. But for the op erations of our strongest financiers in these exhileratlng deals, the market probably would be now careering back towards a normal level of values; and Total. 20 quotations 1.544 1,871 The first of these columns represents the medium between the highest and lowest prices of last year; the second column, the prices of last Tuesday: and the showing of the comparison is that, this week, prices averaged 16 points above the middle figures of 3900 although last year's average included the highest points touched in the elec tion boom period of that year. Com paring the prices of the same stocks for this week, with the lowest of 1900, we find an average advance of 20 points From this comparison, we may judge of the downward distance the market BANKS. BANKS. Joshua S. Raynolds, President. Ulysses S. Stewart, Cashier. W. M. Flournoy, Vice-President, Jos. F. Williams, Ass't. Cashier. First THE National EL PASO. TEXAS. Bank CAPITAL AND SURPLUS. $150,000 C R. Morehead, President. J. C Lackland, Cashier. Joseph Magoffin, Vice-President. J. H. RusselL Ass't. Casbiar State National Bank ESTABLISHED APRIL. 1881. A legitimate banking business transacted In all Its branches. Hwi,.,.. all the cities of the United States bought at par. Highest price paid for Mexican dollars. H. L. Newman, President. T nr. winm ro A. P. Coles, Vice-President. Wm w wk'k a J. G. Lowdon, Second Vice-President. t The Lowdon National Bank Capital Paid m $100,000. The Purchase and Sale of Mexican Maney and Exchange a Snecialtv Safety deposit boxes for rent Telegraphic transfers to all parts of the world. Enrique C. Creel. J. George hilzinger. fLFXSl M INTERNATIONAL EXCHANGE BANK. Transacts a General Ran kino- Issues Drafts on all parts of the world. . Buys and sells Meil x Pays Interests on Deposits tn its -SAVINGS BANK DEPARTMIsmt Open from 9 a. m., to 7:30 p. m. " Sheldon wwt The Accommodation Bank of El Paso. WHOLESALE GROCERS. WHOLESALE GROCERS. H. Lesinsky, President.' B. P. Mlchelson, Secretary. A. Solomon, Vice-President. S. J. Freudenthal, General Manager. UNDERTAKERS. ' UNDERTAKERS. Em erson & Berrien , THE H. I ESINSKY. CO.. Wholesale Groeers AND JOBBERS OF DRY GOODS. has to travel before normal values are our vwi tX tl eTi " OI plo,?Vi ancj Grocerie. and guarantee all reached. , 2EaS ESf- SUcit the of only, and give It la a matter rf ar,ma MnuiniioiiM I " uu uiuera. to the future course of the local market that the European bourses appear to have materially lost their interest in American securities. Londan seems to be confused by the shifting influences controlling New York and has no con fidence in either buying or selling, while the local arbitrage houses are becoming of a new reign is calculated to. divert speculation . into other cur rents. We have now had three months of uninterrupted boom of most extraordi nary activity and enthusiasm; and it would hardly be pessimistic to ask whether' there is not some probability that the sanguine spirit may soon show signs of drain and reaction. At the moment, however, there is no conspi cuous disposition to realize Cliques who have large profits in their hands remain sanguine in the hope that the managers of the current deals have revelations in store that will enable them to close their pools with better, profits than are now in sight; and, when that pass is reached, there may - be a scrimmage involving considerable crashing in values. While not doubt ing the possibility of some further rise on certain cliqued specialties, I consid er it wise to maintain a cautious atti tude. Henry Clews. UNDERTAKERS. 324-326 El Paso Street, Hurses and Carriages Furnished. Phones 71, 68, 1M llllllllllllllllllllIHIIIIHIIIIMmnjj I NAGLEY, LYONS, gg'McBE AH, J f Expert Funeral Directors and Embalmers i Parlors 305 H Paso St. Office Open Day and Night - Telephone 197 I 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 n 1 1 M 1 1 , ,,,,,, , SECOND HAND DEALERS. SECOND HAND DEALERS. that she would not sign a mairiage contract while the play was running. Now the manager himself wants to marry her, but' she points out to him the anti-marriage contract and he does not know where he is at. . o It is dangerous to threaten or sland er by means of the postal card. The "With all these odds against us, we Chicago authorities are now hunting are forging our way ahead, slowly per haps, but surely. You may tie and then taunt us for lack of bravery, but one day we will break the bonds; you may. use our labor for two and a half centuries and then taunt us for our poverty, but we will not always re main poor. You may withhold even pected to have any honor about it, for I the knowledge of how to read God's he has never had the opportunity to learn. What inducement is there for him to value his ballot as a free man's highest privilege? In this city be sees all the machinery of the law abetting the vote buyer. He word and learn the way from earth to for the senders of postals threatening the Chicago saloon keepers. The cards were mailed in Des Moines, Iowa, probably by some zealous prohibition ists who are subject to a maximum fine of $5000 if they are discovered. A postal card revenge is on the order of a boomerang. o According to the telegraph a child glory, and then taunt us upon our I was killed in New York in a bargain ignorance, but there is always plenty of room at the top, and we are climb ing. After enforced debauchery with many kindred horrors incident to slav- store rush. That Friday bargain rush es are fatal to purses and nerves has been long the belief of the thoughful, but when they begin to kill off little sees police officers in uniform at the ery, it comes with ill grace from the children, they ought to be investigat- polls on election day, handing out dol- perpetrators of these deeds to hold up lars for votes. If he has been here the shortcomings of some of our race long, he remembers having seen grand to ridicule and scorn." juries refuse to indict, and district at torneys refuse to prosecute men caught in the act of bribing voters. His whole education has been toward regarding his vote as his only to sell. On the other hand, the man that buys the vote knows better. He knows the law, and he knows the demands of ordinary honesty and decency. He is conscious every single time he vio lates the law and debauches the ignor ant voter. He is a far greater menace to the safety of society than is the murderer or the forger. Yet in most communities El Paso is no exception to the rule he carries on his criminal trade not only under the eyes of the law, but with the aid and abettance of the men paid by the community to en force the law. A bill has just been introduced in the Illinois legislature which provides that "any candiate for office paying, furnishing, or promising to pay, direct ly or indirectly, any money, intoxicat- Roosevelt had a San Juan time with a Colorado lioness, but by allowing her to spend her rage in chewing his gun stock into permanent disfigure ment, he managed to get in a heart thrust with his knife and the struggle ended with victory for the vice president-elect. Roosev.lt will soon be in the historic calm of the vice presi dency. In the meantime he is having a hearty adventurous struggle with the forests and mountain sides. Hunt ing was the most primitive duty of man, law making his most complex. Roosevelt goes at both with the ar dor of a man having plenty of red cor puscles. o Pretty Julia Marlowe, now playing in When Knighthood Was in Flower, has her manager prettily caught in his own toils. When the actress signed a contract to star in the play, her mana ger insisted upon a clause promising ed by a congressional committee and classified by reformers along with haz ing and football. o It is said that Edward VII has not giv up his race horses to devote himself exclusively to riding the British lion, but that he will take off his crown oc casionally and assuming one of his lesser titles, will continue lo put up his horses at the races. o It is Interesting enough to read long discussions of the powers of Edward VII. but parliament has the power of powers and compared to it every other power in the land is trifling. Parlia ment holds the purse strings. If W. J. Bryan received 144,136 votes less in 1900 than be did in 1896 and his vote decreases in geometrical pro gression, how many elections will it be before he will be out of the presi dential candidacy? o New Jersey has a tree planting asso ciation and is glad of it, the price of planting trees being small compared to the increased attractiveness of streets and open spaces. Vermont points with pride to her twelve live ex-governors and uses their longevity to prove how salubrious is the climate of the green mountain state. Q The troops at Ft- Myer, near Wash ington, D. C, have rechristened their post in honor of the departure of the canteen, "Fort Carrie Nation." o Seven hundred ' dollars a month is Mrs. Nation's price for talk. Thus with her little hatchet does she carve out for herself a fat income. o An Indiana woman asks for divorce on the plea that her husband beat her with a pet dog. She ought to get two divorces easily. o One of the queries of the day is what will be the relations of bis majesty Edward VII with his jockey ship Tod Sloan. New and . -Second-Hand Furniture t The New Store at the old stand la where prtoes talk. True Confession is Food for the Soul 1 promised the publle to pay them more for their roods and give them more goods for their money than any buyer In El Paso. I make this talk and stand by iv C. C. S HELTON Across from Zelger Hetel 116 SOUTH 0RE60N STREET TAILORS. TAILORS. There is every reason to believe that Aguinaldo is reporting for one or the other of the New York yellow journals. o Potato Pingree is going to Yourrip for his recuperation from his labors in reforming his fellow men. o England is not likely to have a queen again in our day, there are too many sons near the throne. o Topeka reports almost all her joints temporarily dislocated. ' iiiiii iiiiiiiii mi ii Let us take your Measure For your winter suit We guarantee a perfect fit and will show you the largest stock of samples, to select from. We also carry a complete line of Gents Furnishing Goods. ' The Tailor. 104 1 Paso St I I I I I 1 M I I I I I I I I I I I I I I I II I I I I I 1 1 I I I I II I I II DRUGGISTS. DRUGGISTS. Mrs. Nation has diverted attention from Pat Crowe. o ' The biographs are all ready for the Cincinnati fight. o Hatchetless Mrs. Nation. REALLY UNACCOUNTABLE. For some unexplained reason the correspondence between Edward VII and Mr.-James Creelman has not been made public. Washington Post. VALENTINES, PRETTY and COMIC. Valentine Booklets, Etc., -A.T W. H. WEBB, T DRUGGIST.