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YACHT RACING EXPENSE !
What It Costs to Defend the America's Cup. TH0U8AHD8 Iff THE AGGREGATE. Whem tli* lartroadoiial Rmm Arm sail'd t*e IkltesM Will H**a*»*at About * 460 , 000 —Con station bia, the Trial Ysehts, »taa4 Cob of the Cap For *130w00©"l>ef«»«e May Coat *60<M>00. Occasional Inquiries are made by thoughtful citizens regarding the cost of challenging and defending the America's cup, but the answers receiv ed are always unsatisfactory, says the New York Herald. The conclusion la that the expense must be enormous, but as it is impossible to obtain any thing like accurate figures the subject is generally dropped. On the ere of the international match of t h1fl year it may be Interesting to refer to this important point and at the same time to place the public in possession of a few facts that will give them a good Idea of the amounts of money that are expended in trying tb capture the old yachting trophy and In the efforts made by the New York Yacht club to defend it The planning and building of a cup challenger or defender involve much time and labor and necessarily the out lay of large sums of money, signer and bis corps of assistants are the first that must be met Mr. Fife, for the challenging parties, and Cap tain Nat Herreshoff, for the defend ants, for instance, are men who place a high value upon their services, and, as the owners of the yachts are liberal marked degree, opening negotia The de to & tions with a view to the building of a cup yacht mean* a fee that in some other profession would be looked upon as staggering in it* proportions. With the designer at work the build ers In time are consulted, and with ar rangements satisfactory in this wise materials must be considered, then the riggers kept In mind, as well as the sail makers, while finally the sklp and crew are secured. Money Is pers required by all these, and much of it. Even after a vessel 1* completed and placed In commission alterations and repair* are required frequently at times, while docking thfe craft for cleaning and smoothing purposes means large additional sums. The rather startling statement was made by Sir Thomas Lipton four years ago that the mere cost of the Sham rock I. was between $400,000 and $500,* 000, while the expense of bringing the vessel across the ocean and that of her officers and crew were extra. big lot to pay for the vessel, That seems a but Sir Thomas should b« the best authority on the subject of the cost of the yacht If be expended a sum approaching half a million dollars four years ago for his challenging yacht the money the present trip 1 b coating him must be far in excess of the figures named. The Lipton fleet now here Is proof of that It Is easy to believe that the Shamrock III. cost quite as much to bnild as the Shamrock I., and it 1* quite sure the bringing over of three crews, those of the Shamrocks and of the tender Cminer, must stand him in a bigger amount than the single crew of four years ago and the additional assistance he obtained in the United States. So, if $550,000 or more represented the challenger's outlay the first attempt he made upon the America's cup, it can safely be estimated that something In the neighborhood of $600,000 will be required to foot the bills at home and here incidental to his third trial to win the old trophy. With the amount that it costs the de fending side, however, the Interest 1# By the time the more widespread, yachts are called to sail the first race for the cup the Reliance, selected to defend it, will have cost, one way and another, $435,000 or more. That la a staggering amount to contemplate, but when everything is cleared up at the end of the season It may be $450,000. In addition to this sum, there must be considered that In placing In com mission the Constitution her running expenses reached from $65,000 to $70, 000, while the Columbia has cost Mr. J. Plerpont Morgan $45,000 or possibly $55,000. These figures will therefore show that the defense of the cup this year will approach the very reapectable amount of $675,000 or $600,000. The building and rigging of the Re liance cost a fortune. The yacht's con struction required the best of work men, while all the standing and run ning rigging was expressly made, and her canvas occupied the attention of a large body of sail makers for months. The Reliance has possibly a hundred different sails, and $15,000 or so will represent the cost of a suit. In this particular the Constitution and the Co lumbia have not been so expensive. The tenders Park City and Satelllts are said to have been purchased by Mr. E. D. Morgan and Mr. August Bel mont respectively, but they are valu able assets and need not be seriously considered In this financial summary. The tender Sunbeam Is chartered, and there can be no return from her, but Sir Thomas' tender Crulzer will be valuable after the match. With a crew of about fifty-five on the Reliance and a crew on the tender Sun beam t h er e are many men to be looked after daily. The yachts' sailors are paid big wages—$35 a month or more— and there is a scale of prize money ar ranged by Mr. Iselin so liberal that a Reliance man, if tat la saying, will end the season with a tidy amount to his credit. Racing crews cost prodigiously to feed, as they are > men In the best of health, while their work naturally gives them excellent appetites. There art quite aa many stewards and cooks looking after tbs wal the tut at Ml 4pa the atnqpr* and crew of the K: ance and theta awn ship as are found In a'goodstted. City hotel. AH cbal^ea in the yacht's fittings, all aJStrationfl or repairs to rigging and spars, are paid for extra, while the docking bills are very large. The •490,000 or more that the Beliance will coat must not be Included In any way with the New York Yacht club's ex penditures In arranging for the races. The nine men who own the defender will bear the burden of that vessel's expenses, but the syndicate does not meet the personal bills of Mr. Iselin, the managing owner. It may coat the club $25,000 or more to see that the match is properly sailed and the challenging vessel receives all that is due her, while the amount in cidentally expended by the public that it may witness the races need not now be thought of. A MINT FOR MENELEK. Abyssinian Monarch to Make His Own Coin. King Menelek of Abyssinia is getting along in the world. First he thrashed the Mahdist*. Then he drove the Ital ians out of his kingdom. Then he wel comed the diplomats of European na tions, playing one against another. Now he Is to have a mint, says the New York World. What an advance this means may be realized from the fact that Abyssinia until recently has been getting along with cubes of rock ■alt for cash. A small amount of coin minted In France has of late been in circulation. Now the king will make his own. Consul Masterson of Aden reports that he has saved up 110,230 pouuds of gold for the purpose. There are 400 tons of mint machin ery. It was Bold by a Stettin concern and was landed at Djibouti, East Af rica, with a competent mechanic to set It up. The machinery will be transport ed by rail to New Harrar, about 150 miles, the end of the road. Thence it will be transported by caravan to the capital, Addit Abeba, the caravan Jour ney occupying more than a month. GIN BUCK" A NEW DRINK. n It la Like a Ricker Except That Ginger Ale la Used. Nearly every summer some new drink Is Invented and becomes popular in the bars over the country, but so far this season none of several new decoctions that were started out as the summer's fad In the drinking line has obtained a lasting popularity, says the Kansas City Star. In Virginia, the home of the mint Julep, an effort was made to supers Bede this favorite drink. The new bev erage was practically the same as the min t julep, except that It contained cu raeoa, a cordial. But the new drink didn't prove popular. Curaeoa, howev er, Is largely used this summer to flavor drinks. About the only new drink called for at the leading hotels In Kansas City Is the "gin buck." This is quite popular. It Is composed of the juice of half a lime, a Jigger of dry gin, and then the glass Is filled up with ginger ale. The gin buck" differs from the rtckey only In the use of ginger ale Instead of wa 44 ter. BRIGHT FUTURE FOR INDIA. Dr. Thobarn Says *■ Christian Land It Will Eclipse Pusan India. The missionary Institute at Chautau qua, N. Y., held its final sessions theoth er day. says the Philadelphia Press. An address was given by Dr. A. B. Leon ard, corresponding secretary of the missionary society of the Methodist Episcopal church, on "The Vision of the Field." Dr. G. Stanley Hall spoke on "Missionary Work and the Train ing of Missionaries." In the evening Dr. James R. Thoburu, Jr., pastor of the Cavalry church of Allegheny, gave an illustrated lecture on "India." He •aid: "Already many of the nations which sought to despoil her of her wealth are seeking to make reparation by car rying in all the advantages of Chris tian civilization. The bloodiest battles are over, but her conflicts are not en tirely done. There Is a great contest now on. It is the struggle between cul ture and Ignorance, between faith and superstition. I believe Christian India will be a far more wonderful land than was pagan India.' The Cup Defender. Our gallant yacht Reliance Has nobly borne the test; Of all the Yankee racers She's speediest and best In breezes strong and fickle. In smooth and choppy seas, Bhe met her friendly rivals And vanquished them with ease. She met the old Columbia. The yacht with twice won fame. But that once stanch defender Was never in the game. Tjhe speedy Constitution \Vas also left behind In rushing and In drifting On seas of every kind. And now the swift Reliance Is chosen to defend The trophy that bold Lipton From us desires to rend, ▲gainst the latest Shamrock Our newest yacht wUl race. And both, as we're believing, Will set a lively pace. We've heard a lot of boasting About the r We know Sir Lipt r To on boat; m regards her The fastest Yacht afloat, ^ut just the same the spirits Of Yanks go soaring up, ind all are sure that Shamrock Will fall to lift the cup. The time la fast approaching For test of every claim, And soon the rival racers WiU make their bid for fame. We on the swift Reliance Our hopes of triumph pin. But 1st there be no favors, __2 _ir the best boat win. •Theodore H. Bales In Pittsburg Chren* icls-Tslegraph. Largest Off Ship. The largest oil ship in the world, fiM Narragansett, was recently launched tn the Clyde. She will hold 10,000 toon of oil, which can he discharged at tbs pttef nttfl -j THE CITY'S FINANCIAL STATEMENT For the Fiscal Year Beginning October First, 1902, and Ending October First, 1903. GENERAL FUND. 12866.92 36.20 10UQ 20 921 00 219 00 376 31 4481.68 4614 04 Oct. 1. 1903. To balance on hand Oct. 1, 1903. Oct. 7, 1902. To county, one-half expense of smallpox account. Feb 6, 1903. To Wirt'Adams, back tax on banks. Jnlv 10. 1903, Loan from banks to pay current expenses. June 21, 1903. To county, one-half expense ot smallpox account. . July 10, 1903. To loan for payment of current expenses. Sept 30, 1903. To taxes collected for fiscal year by marshal. To fines collected by marshal for fiscal year. Sept 30, " 14518.35 Total... . Oct 3 02 By cash paid, warrants for month... Nov 2 02 By cash paid, warrants for month . Dec 1 02 By cash paid, warrants for month. Jan 5 03 By cash paid, warrants fer month. Feb 2 03 By cash paid, warrants for month. March 1 03 ' Bv cash paid, warrants for month. . April 15 03 By cash paid, warrants for month. May 8 03 By cash paid, wnrrauts for month. June 7 03 By cash paid, warrants for month. July 5 93 By cash paid, warrants for m mth. Aug 2 03 By cash paid, warrants for month . Sept 6 03 Bv cash paid, warrant.- for mouth. Sept 6 o3 By cash paid treasurer, com. for fiscal year. Sept. 30 03 By balance . . Total. 1044 12 1482 91 1316 23 1616 03 4205 55 648 27 592 87 846 27 661 93 822 54 887 15 654 00 200 41 160 07 -Sept 14618 36 SCHOOL FUND. Oct 1, 02 To balance on hand Oct 1, 1902.. .. Sept 30, 03 To F B Woodley, for tuition non-resident students fiscal year. Sept 30, 08 To W Q Cole, state distribution. Mch 1, 03 To E B George, error in com. Sept 1. 03 To loan from banks by committee. Sept 80, 03 To B M Moffett, taxes for fiscal year. Sept 30. 03 To T E Batson, sheriff, for polls fiscal year. July 10, 08 To loan from banks by committee. Total... Sept 80, 08 By cash paid teachers for fiscal year. Sept 30. 03 By cash paid sundry warrants fiscal year. Seyt 30, 03 By cash paid treasurer, com. Balance on hand . Total. <580 48 682 70 1780 19 1 10 138 35 4618 76 1092 22 894 35 9794 10 7637 16 1899 34 171 48 86 18 9794 10 SCHOOL BUILDING FUND. 7421 73 92 25 20 60 122 82 282 00 To balance on hand Oct 1, 1902 Oct 1, 02 Nov 19, 02 To W T Roberts, car of brick. Dec 81, 02 To B C Hemphill, brick sold to Jackson & Bolton To B C Hemphill, sale brick and wheelbarrows. Mch 9, 03 To loan cemetery fnnd. . Jan 27, 03 7889 20 Total. . Sept 30, 03 By cash paid sundry warrants fiscal year Sept 30. 08 By cash paid treasurer, com, fiscal year.. Balance on hand. Total. 7884 89 4 19 12 7889 20 WATER FUND. $550 (,0 701 00 936 HO 412 50 412 50 4066 63 330 20 Oct 1 02 To balance on hand Oct 1st 1902. . . Nov 1 02 To City for hydrant rear quarter ending Oct 15th 1902. Jan 5 03 To J no Kamper for Fourth street water main . March 1 08 To City fer hydrant rents. .one 1 03 To City for fire hydrant recta. . Sept 108 To water rent for fiscal year. Sept 80 03 To Burke Jones Sale of old pipe. Total. Oct 1 02 By t ash p'aid warrants for month.-.-. Nov 2 02 By cash paid warrants for month. Dec 2 02 By cash,paid warrants for month. Jan 1 03 By cash paid warrants for month. Feb 11>3 By cash paid warrants for month.~. Mch 1 03 By cash paid warrants for mout i.—. Apr 1 03 By cash paid warrants for mouth.- . May 5 03 Bv cash paid warrants for month. June 2 03 By cash paid warrants for month.... July 7 03 By cash paid warrants for month.-. Aug 4 03 By cash paid warrants for month. Sep 1 03 By cash paid warrants ;or month.—. Sep 30 03 By cash paid Treasurer com for fiscal year. Sep 30 03 By balance ..... Total .. 7469 43 702 94 456 19 1030 93 326 74 173 50 1131 48 271 91 619 54 700 88 316 73 362 68 449 28 80 85 845 78 7469 43 CITY HALL FUND 343 22 655 98 Oct 1 02 To balance on band Oct let 1902 . . . .... To rents report'd by B M Moffett Marshall tor hiscal year Sep 30 03 999 20 Total. 854 aep 30 03 By cash-paid Treasurer com for fiscal year. Sep 30 03 By cash" paid sundry warrants for fiscal year Sep 30 03 By ; balance . Total... 889 97 100 09 999 20 INTEREST ON BOND FUND. Oct 1 02 To balance on hand Oct. 1, 1902.7 ' Yi" 'A ' "i . Sept 30 02 To B M Moffett, Marshal, taxes reported for fiscal year.. Total 1559 28 3080 05 4639 33 Sept 30 03 By cash paid, interest on bonds for for fiscal year ending Sept 30 03 By cash paid treasurer, com. for fiscal year. Sept 30 03 By balance. Total. 4559 00 72 29 804 4639 33 bond sinking fund. Oct 1 02 To balance on hand Oct. 1, 1902 ........... Sept 30 03 To B M Moffett, taxes reported for fiscal year ending Sept. 30, 1908.. 1752 23 6161 10 7903 33 Total... Sept 1 03 By cash, redemption of City Hall bond* from 1 to 19. in Sep SO* 8 By ca°h paid, treasurer's com. for fiscal year. Sept 30 08' By balance. Total. 1900 00 144 48 5868 85 790333 SPECIAL FUND. l n9 To balance on hand Oct. 1,1902.•• •••••■ Sept 30 03 To B M Moffett, privilege tax reported for fiscal year... Total. Sent 30 03 By cash paid, sundry warrants for fiscal year s£t 80 01 By*cash paid treasurer, com. for fiscal y ear.. Sept 30 By balance. Total . " 816 37 11*1 23 1437 00 1398 00 12 16 27 44 1437 60 WATERWORKS FUND. July 16 03 To Nat Total. 7 2i 17000 00 107 00 Bank Commerce, premium on bond*. 17114 21 1767 0$ 171 00 15175 55 oa i'iQ Rv cash paid, warrants for fiscal * - • * * * %gt£S By cash paid, treasurer'* com. for fiscal year Sept 30 By balance. Total 17114 91 GENERAL IMPROY1M1MT FUND. OcL 1, 02 To balance on hand —---"""tarnad . May I. 03 To T M Fuller demurrag* ^ ^"/oVlieai'year'. Sept 30, 03 ^ Toltaxe* reported by B M Monet* rer bmw j ... $ »5 2Q 15 80 ._ 3078 06 mw 58 f 800 00 971117 ff,WS!OltSS^StmSSis S*pt SO, 08 By cash paid treasurer com. tscal ysar Sept 30, 03 By balance .-... Total..... 7* 41 1M §0 8188 68 STBBIT FUND. $ 063 81 Oct 1, 02 To balance rn hand.. Dec 11, 02 To B M Moffett for street wood . Mch 3, 03 To B M Moffett dog tax May 5, 03 To B M Moffett dog tax. sept 1. 08 To loan from banks by committee . Sept 30, 03 To B >i Moffett street tax for fiscal year Total ..-.-. 4 12 5 78 16 30 192 26 1458 70 Sept 80. 03 By cash psid sundry warrants for fiscal year Sept 8o. 03 By eash paid treasurer commission .. . By balance . 2410 18 2393 26 26 96 19 96 $2441 18 Total CEVIETERY FUND. $968 36 200 00 769 48 Oct 1,02 To balance on hand . .. June 15, 02 To loan from gener d improvement fond Sept 80, 03 To K M Moffett taxes tor fiscal year Total. Sept 30 03 By cash paid treasurer committee for fiscal year Sept 30, 03 By cash paid -nndry w irrants for ti-cul year . Sept 30, 03 By balance... Total . Oct 1, 02 To balance on hand .. July 15, 03 To NatiOual Hank of Commerce sale. 1, 02 To B M Moffett taxes foi fiscal year $19:18 03 I 18 00 427 45 1492 58 1938 68 SE WE It AGE FUND $98 25 3o< 000 772 21 3*70 46 Total $282 00 ... 1500 30 46 09 2090 07 Mch 1. 08 By loan school bull ling fund Sept 30, 03 By cash paid sundry wurrrnts for fi-cal ve*r Sept 30, 03 By cash paid treasurer com. for riscal year By Balance. 38'0 48 Total. CEMETERY LUT FUND, Oct 1, 02 To balance on hand . Oct 1 03 By balance 644 644 RECAPITULATION, Oct 1, 03 To ca6h from all sources for fiscal year Total. Oct 1, 03 By cash paid for fiscal year.. . Oct 1, 00 By balance . Total.. 88208 44 $88208 44 67141 67 26066 77 83208 44 BOND INDEBTEDNESS Dated October 5th 1897 6 per cent bonds Dated Jane 1st 1898 6 per cent bonds Datei September loth 1903 5 per cent bonds Dated November 1st 1901 5 per cent bonds Dated Jnne 1st 1902 5 per cent bond* Dated Jnlj 15th 1903 5 per cent bonds $ 2000 00 150OOO0 27U)0 00 30o00 00 11500 00 20000 00 Series "A" Series Series Series Series Series "B" «. C " "I)" "E" F" «l 106500 00 Total. Giveo under my hand this 16th day of October 1903. A. Fairly. Clerk of Hattiesburg. Cloaks and Jackets See our line of ladies Cloaks and JACKET^' » wig before you buy, vve have a nice line ana our prices are RIGHT, we have also a nice line of $1 m Duck and Fleeced Backed Waisting. /I "IWibUm jj Ti Hightower & Crawford. j M. GALBREATH, 118 Front Street. Hattiesburg, Mississippi. Carries the largest varieties and lowest prices ever seen in this city. GLASS, TIN AND CROCKERY AVAR E NOTIONS, CO N SECTIONS, FRUITS AND TOBACCO'S. Also Special Agent for Nunnally's Candies 'Call and See The Display. Oct. 21 till Jan 5 i Buy your I Harness and Vehicles OF EVERY DESCRIPTION f ENGLISH M'F'G CO. From the flOBILe, ALABAnA. They have the Large-t Stock in the South and they sell «t Low Prices and on very Liberal Terms. Write them for Catalogue and Prices and they will please you. L A Dollar's Worth of Indemnity for Every Dollar of Premium. 44 >J NSURANCE < OMPANIES ARE N< *T CHARITABLE INSTI tutions, and you need not expect th. in to pay vour los- unless Mi thev are legally liable They may, and do often, pav los-es which they could Kuccessfn ly resist in the courts, but YOU have no right to presume that you would get your money if YOUR c utracts are not properly drawn or if yun violate any of the expresN conditions of your policies - h'nce it is jnst as important to you to know the AGENT with whom you place yonr business as it ii to know the solvency of the COM PANY' assuming the risk.* • • \ Sind Occident Insurance Fire, Life W. L. ELLIS' Agency. Ground Floor Next to Postoffice.