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RUSSIA MUST SCRATCH GRAVEL TO PAY FINE Poor Old Russia is Billions and Billions of Dollars in the Hole, With Her People Ground Down Under the Debt, But They Will Be Squeezed Some More to Pay Japan's Indemnity—Figures Show the Wretched Fi nancial Condition of the Great Empire Which Has Just Been So Badly Licked. By Ollson Gardner Staff Correspondence to The Tress WASHINGTON, Juns 11. — The amount of the war indemnity which Japan will demand of Russia, as one of the conditions of peace, it Is re liably stated, will be not less than tbe sum total of the money borrowed by Japan from foreign countries, This stun total Is $260,000,000. The indemnity may be larger than the above sum. but it will not be less. Ii addition tn the foreign loan, Japan raised for the late war. with out going outside of the island king dom. $110,000,000. So tbe extra money raised hy Japan to prosecute \ the war amounts to $020,000,000. j Rack of this was an Invested accumu lation represented by ships, ar ms arid munitions of war, amounting to as much again. The actual rost of the war to Ja pan can not he estimated with ac curacy, even by the Japanese govern ment. Her navy ls practically intact, but millions of ammunition have been expended. The army in Manchuria Is also a continuing ns*et, but the cost of its maintenance and trans portation has been enormous. Disregarding Indirect Injury wrought by the war to commerce and to the domestic industry of Japan, the main Items of monetary expendi ture may be summed up as corning within the figures of the foreign and domestic loans: and. measuring tbe maximum demand to he made on Russia by these, it Is safe to say that the Japanese Indemnity demand will not be more than $620,000,000. It la generally believed by well posted diplomats, and financiers who are interested In the Russian anil Japanese loans, that the peace nego tiations would begin with a demand by Japan of about $600,000,000, Which might later be scaled down to the nmount of the foreign loan, namely. 1210,000,000, The ability of Ttussia to pay a huge Indemnity is seriously ques tioned. That nation is now fairly staggering under the recent additions to Its load of debt. Tlie crar s credit Is seriously Initial ted. It is today almost Impossible f• >r j Russia to raise any considerable sum ', of ready money In the market?; of the j wotld. Since the war began the do mestic and foreign commerce of the nation has fallen off more than $2. r ..- | 000,000 each, and the rates of dis- Count have gone up so that little more than half the sum authorised in the latest loans were realised Vfter the fall of Port Arthvir the minister of finance authorised an issue In Germany of 250.000,000 rubles, or $125,000,000, of which only $80,000,- --000 was subset ibed. The history in brief of Russia's War borrowings Is ns follows: Almost immediately after the war commenced a loan was negotiated in Paris of 800,000.000 francs or Sl6O.- i 000,000. These were 5 per cent short I term bonds, and were practically all subscribed. At the same time the Russian government issued at home j 4 per cent treasury notes to the amount of $75,000,000. These treas ury notes are similar to our Interest bearing bonds. After tho fall Of Port Arthur Ru» Sla sought a loan In the German market. An issue of 160,000,000 rubles was authorized; and, as stated above. Only part of the loan was sub scribed. nut simultaneously with the Ger man loan the Russians issued nt home another batch Of treasury se curities, bearing interest at 5 per cent, to the sum of |!$8,000,000. Meantime the credit currency of the nation has been further expand ed by the Hank Of Russia, which hns, during tlie year subsequent to March, 1004, swelled Its Issue of circulating notes from $310,000,000 to $458,000,- --000, an Increase in 12 months of $175,000,000. Before and since then the bsnk has issued other notes, bringing the total additional war Is sue up to $250,000,000. It will be thus seen that this brings the total of Russia's war borrowing up to the enormous figure of $$80,- --000,000. As against this debt the Russian minister of finance claims there Is In reserve, and offers to exhibit, the official hoard of the Russian govern ment, namely, the reserve gold sup ply, made up of bullion and coinage, and amounting, as he claims, to $$55,000,000. This offer to show so much gold Is characterized by bank ers In LondonO, Berlin and Paris ns ••opera bouffe." They look to the reserves of the nation, and decline to lend more. And now comes the startling but natural sequel—that Russia is al ready planning to abandon the gold Standard! Such is the report in the most conservative financial circles. It ls the natural resort of an un scrupulous bankrupt. Being a credi tor, to all the world, the nation pro poses to go to a cheaper monetary pas I a. The total public debt of Russia on January. 1»06 (this does not in clude the lata war borrowings), was |1,t51,141,000. For previous years the debt was: »»04, $3,112.0&5.»20; 1003, $3,314,673,- --4)43; I*o2. $3,5»«,t77,076. But thla $4,000,000,000 indebted ness of RuMla dor* not tell the story, tn addition to this thorp is the whole railroad debt, the government having taken over the railway system and guaranteed the interest on the bonds; and. added to this, other Industrial enterprises in which the government has engaged, and become guarantor, so that during the one year of 1900 no less than $4,000,000,000 worth of securities were issued, on which the government appealed as guaranty for the interest. Disregarding the participation of the government in the industrial ac tivities of the nation, the official fig , ures of the nominal Indebtedness j show that there Is a debt of 124.21 for every man, woman and child of Russia's vast domain. The per capi ta debt of the t'nited States Is less than 111, and of Japan (l!io2> it was but t.i. With the Industrial burden added to the nominal debt—that Is includ ing the guaranteed railroad and other securities which Russia has indorsed —that nation has a debt which may i be roundly and conservatively stated at 16,000,000,000. In proportion to Its revenues and ■ resources Russia ls the most heavily I Indebted nation in the world. Added , to the present war expenditures Rus sia had built up her burden of debt HOW FRANCE PAID A BILLION INDEMNITY The Common People Put Up the Money That Germany Demanded After War of 1870—Wonderful Scenes in Paris When the Hidden Stocking Hoards Were Poured Out to Satisfy the Nation's Pride. The BUeceM of the French govern ment in raising means to pay off i the vast Indemnity demanded hy Ger ' many after the war of IS7O was well I expressed by E. B. Washburne, who was United States minister to France I during and after that conflict. The enormous sum demanded was ; about $1,000,000,000 in our money. , Referring to the fact that France was able to fulfill its obligations. Washburne has written: "It was the wonder of the financial world." No greater display of national sac rifice on the part of a people Is known of In the history of nations. France devastated —its people poor er than they bad ever been from tho times of barbarism or of much' talked-of feudalism —roae magntn- I cently to the occasion, j To begin with, Fiance gnve over 'to the Orrman government its own paper for 050,000,000 francs —approx- imating 1130,000,000 in American ! money, guaranteed by the principal banking firms of the continent. This was a mere starter. The 1 financial hell ahead was roaring. j (Mi May 1. 1872, this banking obli gation was met, three instalments having been l aid as agreed upon. The remainder of the mighty in demnity must lie settled for. The \ common people must be called upon. In Paris was opened the loan of, "50,000,000 francs! At the Luxem bourg, known then as the Hotel de Ville —we would call it the "city hall" —and at all other city department buildings. Nothing BUrpaaaing the anxiety to invest in that loan has ever been known of in anything pertaining to | wm Of STRIKE (Scrlpps News Association.) CHICAGO, June 21.—Peace negoti ations which promise an end of the teamsters' strike were begun today at a meeting between John V, Far well, Jr., representing the employers, and the strikers' new peace commit tee. The meeting was evidently sat isfactory, as at the close the labor leaders began asking for a meetb.g of the striking teamsters for the pur pose of voting on a proposition of settlement. > STANFORD TEACHER HAS GONE INSANE (Bcrlpps News Association.) LINCOLN, Neb., June 21.—The parents of Pr. C. C. Rice, professor of modern languages In Leland Stan ford university, received word today that the professor was violently in sane in a hospital In Pittsburg. He ' recently came eaat to recuperate. by the Crimean war, the assumption of the Polish national debt, the Hus- SO-Turkistl war, the liberation of the serfs and the era of railway building. The average rate of interest is close lo 6 per cent. How can Russia pay? How meet this enormous and growing moun tain of obligation? The answer is one continuous story of tax. First there ls the indirect tax of the tariff system, similar to that of the T'nited States; then there is the tax on all spirits, accom plished by a national monopoly of this entire business. The cxar is tlie one great saloonkeeper. Not a gill Of spirits ls sold In the empire ex Cept by the government, and then It is dlapenaed at a good profit. The czar makes about $2.10,000,000 a year on his saloon business. The nre are also several other in dustrial monopolies of lesser Im portance, and it ls contemplated next to take over the tea business as a government monopoly. Other articles taxed are tobacco, sugar, mineral oils, matches and about all the Inci dental necessities of dally life; ther. there are Special customs duties, I stump duties, transfer duties, pass i port and railway taxes, etc.; In addi tion to which there are taxes on lands nnd forests, on all redemption pay ments, on liberated serfs Oiead tax), and on "crown peasants." The liberated serfs and crown peasants are squeezed for about $45,- --000,000 a year. Where Will Russia get the money to pay a war indemnity of $260,000,- --t 000 and upward? The poor are ground to the limit now. It is small I wonder the nation's financiers are worried. finance. Long before the Luxembourg was opened, before the shades of night had rolled away, people who were Supposed to have little or nothing assembled to register their subscrip tions. It was a marvelous scene. Women brought their workbas kets with them. Families arrived with provisions of food necessary for the day. One might have thought it a national holiday. The world considered It a national calamity for France. These French folks just laughed and chattered and waited to invest. "Why," one ob server has remarked, "You might have thought It a picnic." When the subscriptions had closed amidst a bedlam clamoring for fur ther chances to subscribe, the enor mous demand for the loan had reach ed the figure of live milliards! That is one billion dollars. And this was entirely irrespective of foreign bankers' demands, nnd of provincial departments which had not yet forwarded their subscriptions. The whole transaction—as Wash burne states, "displayed the mar velous confidence tltf' French people had in their own securities." In three years the entire tremen dous indemnity demanded by Ger many, with also the acquisition of the former French colonies of Al sace and Lorraine, had been fully paid. The popular saying is that the hid den stockings of France released the nation from the clutches of tho Ger mans. LOBB WORKED IN SAN DIEGO (Scrlpps News Association.) SAX DIEGO, Cal, June 21 — Thomas, Lobb, tho Frisco maniac, worked In San Diego for a time as a carpenter at Fort Rosecrani and on the Granger block. Enter the men had a fight and Lobb quit the Job nnd left the next day, April 6, for the north. He hns no family so far ns known Lobb probably 35 years old and English. "Your majesty," said the czar's lookout, "there's a fellow nt the back door who says he's got just the thing the Russian navy needs and he's will ing to sell It cheap." "Show him In," cried the czar. "Ah," exclaimed his imperial ma jesty, when the stranger entered, "I'm glad to see you. What have you got to sell?" "Dredges " There is a new lookout at the palace. "If you've got a little spare money let me put you onto a good way to invest It." "I'm always looking for something good. What ls It?" "Why don't you open a cigar stand and restaurant in the Ohio peniten tiary for tha bankera locked up there?" THE SPOKANE PRESS PRESIDENT'S ADVICE TO YOUNG MEN WORCESTER, Mass., June 21.— As an Introduction to his com mencement address the president paM h high compliment to the serv ices of Carroll I). Wright and the memory of Senator Hoar, who was chairman of the university board of trustees. Speaking to the students, the president said: "The first duty of each of you is to carry your own weight. You rant do anything for humanity until you can support yourself. I hope some day to see certain readjustment of rewards. At present there Ist too much reward for a certain class of financiers and too little to students, teachers and thorough leaders. I hope to see coming- on peace between nations, industrial as won as mili tary, but we want pence with .lustlce Rut justice first, it will generally.lead to peace, but follow It where%-er it leads." The president was driven to Holy Cross college, where he made a brief address. The president took hunch at the home of Congressman Hock wood Hoar at 2:Bft and then left for Wllllamstown, Where he will remain over night. INSPECTING IDAHO PLANTS POISE. Idaho, June 21.—The con gressional party Inspecting govern ment irrigation projects arrived at Boise this morning. Monday and Tuesday will be spent in inspecting work at Mlnnedoka and Twin Falls. Today they arc inspecting a portion of the New York and Ridenbaugh canals. BURGLARS IN CLOTHING STORE Burglars entered the Lewkowltz clothing store at 40N Main avenue some time last night and got away with a lot of trousers and other men's furnishings. Entrance was made through a small window in the rear of the store and no trace of the per petrator remains. Early this morn ing Policeman Snamiska arrested a man who gave his name as John Conner. There ls no evidence against Conner except that as a general hobo he has frequently been In the Lewko witz store applying for handouts of cash and possibly generally famil iarising himself with the premises. Conner may have been used by the real burglars as a means of obtaining Information regarding the layout ot the store. IMPERIAL SHRINE AT NIAGARA FALLS (Scrlpps News Association.) LOB ANttISI.ES, Cal., June 21.—A telegram received at Niagara Falls announces that next year the Im perial Shrine will meet here in May. The liesta de tos flores will be re vived for the Shriners. AUTOMOBILIST REACHES PORTLAND FROM NEW YORK (Scrlpps News Association > PORTLAND, Ore, June 21 — Messrs. Huss and Weigel will arrive In Portland at 1 o'clock in the auto mobile "Old Scout" from New York, completing the trip in 44 days, 3 , hours and 28 minutes. The second ; automobile is three days behind. I GOOD ROADS ASSOCIATION WELCOMED BY PORTLAND PORTLAND, Ore., June 21.—Tlie national Good Roads association opened its fifth annual convention at the auditorium of tlie Lewis ami Clark exposition today. Governors of all states, mayors of cities Had presidents of commercial bodies from all parts of the United States reoeiv ed invitations to be present, many of which have been accepted. The opening day's exercises will In clude addresses of welcome by At torney General A. M. Crawford, rep resenting Governor Chamberlain, for the state of Oregon; Mayor George H. Williams for the city of Portland, President R. J. Holmes of the Manu facturers' association, President G. W. Allen of the Portland board of trade, W. D. Wheelwright, president of the Portland chamber of com merce, and J. H. Thatcher, vice presi dent Portland Commercial club, anil responses by President W. H. Moore and Vice President A. 8. Mnnniof the association. Secretary R. W. Richardson will deliver his aniiual report and committees for the con vention will be appointed. Second Day's Meeting. Features of the second day's meet ing will be speeches by Martin Dodge, director public road Inquiries, t'nited States department of agriculture, on "What the Government Ih Doing for Roads"; J. H. Scott, president Oregon Good Roads association, on "Public PRESIDENT ELLIOTT TO NAME NEW OFFICERS fScrlpps News Association.) j MISSOn.A, Mont., June 21.—Pres-j ident Howard Elliot of the Northern Pacific and a party of high officials! of the road are completing a brief go- ' Journ In the park and will arrive In Missoula tomorrow or the day after, Stopping for a brief period while en ' route to the Pacific coast, where some time will be spent on matters of Importance. There are all kinds ! of rumors afloat as to the purpose of Mr. Elliott's visit west at this time, but the opinion in some circles ls that it ls In connection with the long contemplated rearrangement of the traffic methods on the western portion of the line. Rumor has it that there are a number of new executive of fices to be created within the near | SWEDISH RIKSDAG SEEKS A PEACEFUL SETTLEMENT fScrlpps News Association.) STOCKHOLM, June 21.—When the riksdag assembled today in extraor dinary session to consider the disso lution of the union by the Norwegian government there was immediately Introduced a bill asking authorization to enter into negotiations with the Norwegian storthing for a conditional settlement of the questions Involved In the separation of tbe dual king dom. Premier Ramstadt recommend ed pacific measures. MAY INDICT ONE HUNDRED OFFICIALS fScrlpps News Association.) MILWACKEE, Wis., June 21.—The district attorney today began pro ceedings against the graft Inquisi tors. He requested the county board to have them declared in contempt for Interfering with the work of the grand Jury. Tlie alleged board Is seeking to whitewash members and keep the graft investigation out of the hands of the grand Jury. Tho district attorney said today he was convinced from the form of evidence presented that nearly a hundred of ficials would be indicted for graft ing. FIFTY THOUSAND ATTEND FUNERAL (Scrlpps News Association.) LODZ, June 21. —Fifty thosuand people marched to the cemetery to the funeral of the five victims of Sunday's riot when the Cossacks charged a procession of socialists. < Many red flags were carried. The 'police did not interfere with the pro- I cession. CAPTAIN SMITH IN CHARGE OF JONES FUNERAL <Scrlpps News Association.) PARIS, June 21.—The American embassy has delegated Captain Smith, naval attache, to have charge of details in connection with the re moval of the body of Paul Jones and to plan the ceremonies. | Roadi of Oregon"; J. B. Meiklo, sec retary Seattle chamber of commerce and Washington Good Roads associ ation; N. Kllery, commissioner public highway! of California; William Jas per Kerr, president Ctah Agricultural college; James Withy combe, Oregon Agricultural college; James W. Ab bott, Rocky mountain coast division I'nltrd States good roads department. Committees on resolutions and nomi nations will be appointed. On Thursday there will be ad dresses by DeWitt W. Smith, presi -1 dent Illinois highway commission; ' Judge Lionel R. Webster, Multnomuh 'county; J. D. Lee, secretary Portland j board of trade; George W. Cooley, | president Minnesota Good Roads as sociation; v. c. Young, University of ! Oregon; K. L. Powers, editor Goof j Roads Magazine, New York; Charles i.C. Canfleld, Cleveland, O.; 11. B. Thtelaon, secretary Oregon Good Roads association. Prograjn for Trlftay. Friday's program will include speeches by Colonel T. P. Rixey, lec turer National Good Roads associa tion; J. W. Bailey, president National Dairymen's association; Theodore A. Randall, secretary National Brick Manufacturers' association; Judg! Thomas R. Ryan, Clackumas count) William Braxlburn, engineer National 'i0,,,i Koads association; Mrs. Caro lina R. Olney, California; J. R Al- , future, one of which will be that of assistant general manager, with head quarters cither at Seattle or Tacoma. The business of the company has assumed such large proportions dur ing the last few years that It has become necessary to handle a large portion of the business from the west In order to facilitate matters with dispatch. A separate set of officers may therefore in the future have charge of the business west of the Rocky mountains, if reports, which come from an apparently authentic source, are true. Tho appointment of the new execu tive officers will mean the creation of a large number of sub-departments and a probable rearrangement of the business Bystems west. The premier declared negotiations are necessary to definitely clear up Ihe situation. Several members con curred in the premier's views. The king then addressed the assembly. He said he had acted according to his conscience always and with a full desire for the welfare of the two peoples. The king expressed the hope that Sweden would regain within its own borders what it had lost by the disso lution. BREVITIES Carriage Co. Tel. 487. Fares, 2B& Ladles play billiards and pool every day snd evenings at Pflster billiard parlor. Your stocking with your hard earned money may not lie safe, though hidden. Besides, your savings deposited there earn nothing. Try our savings department. Deposits made now draw Interest from July 1. Spokane & Eastern Trust Co. SPOKANE FALLS as MOBTHBXH RAILWAY COMPANY LOOK LAKE EXCURSIONS. Effective June 2 nnd until further advised, following round-trip rates will be In effect from Spokane to Loon Lake: On sala Sundays, limit following Monday, $1. On sale daily, limit 30 days, $1.60. On sale daily—commutation 20 rides, limit September 15, $10. H. A. JACKSON, General Passenger Agent, Spokane, Wash. QUICK RESULTS It is seldom necessary to take a second dose of Dr. Miles' Anti-Pain Pills. One pill will, in most cases, relieve all distress caused by head ache, backache, neuralgia, nervous ness, car-Sickness, stomach nche, etc. When not entirely relieved, take an other in 30 minutes. That's about tbe limit to which you endure pain. 25 doses, 250. Never sold in bulk. RATES LEWIS AND CLARK FAIR. The Northern Pacific announces rate of $14.05, Spokane to Portland and return. On sale May 29 to Octo ber 15 daily; return limit, 30 days. Party rate, 10 or more, $LL2O; limit, 10 days. Also low ratea .or large parties. Call at city office, Zlegler block, for full particulars. J. W. HILL. G. A. Never mind about the heat In Washington when the peace commis sioners meet. Vice President Fulr- Bert, commissioner Lewis ami Clnrk exposition; Wellington 10. Loucks, organiser National Good Roads asso ciation; r. r>. Chapln, Michigan; Judge J. K. Magers, Oregon. Com mittees on resolutions .and nomina tions will report Friday and election of Officers will be held. On Saturday there will be more speeches, the object-lesson road will be shown in front of the Transporta tion and Machinery building, and the nutomobiles that have competed In the transcontinental race will be ex hibited. Brief addresses will be heard from Governor Pardee of Cali fornia, Jefferson Myers of the Oregon Ptate commission, Senator Reed Smoot of Utah, Tom Richardson und H. W. Goode. CASTORIA For Infants and Children. [he Kind You Have Always Boughl Bears, tha Signature of TXT OUR CRIP CURE 25c BTOWELL DRUG CO., Corner Riverside nnd Stevens. "What Beautiful Silks" The startling price is not tlie chiefest fascination about these shirt waist silks. The marvelous variety of fresh and beautiful patterns tempted many wo men really before they knew r what price was being asked for them and then the price was 85c to $1.25. Now Removal Clearance Sale price prevails. See Them in Show Window Your Choice Per Yard T^C Boys' Blouse Waists A QUARTER TO A HALF UNDERPRICE This is the season of the year when boys' waists like these sell at regular prices, yet we make these sharp concessions in price. Removal Sale compels us to do so. 35c and 45c Boys' Blouse Waists 28c Good every-day waists made of light and dark fabrics in plain striped and figured ,of percale, dim ity, chambray and gingham. tiff White Lawn Waists $1.10 Made up in blouse style, has pique yoke with silk embroidered anchors, neat tinted sailor collors with tie. White Waists $1.75 Made of white lawn with pique yoke, collar and tie trimmed with hemstitched edge and wide em broidery insertion. A neat Sunday waist. Fancy 'Kerchiefs : n r«ST h Value Thousands of them —tomorrow's offering in cludes handkerchiefs lace trimmed, embroidery and lace edged, scalloped edge, hemstitched edge—hand kerchief event. 15c. 20c, 25c and 35c *•/ Tahe All You Want at Each, / C NATAT@jIIUM ' m ©IPENS WaTH Mcsittkoss IMHy (Exc©jjs>tt M®nW!siys) fiC 3 p. m. Ev©Mg ad © auEKal $>:115 p>. mm. IDxOWT [FORGET THE SCENIC E.ADLWAY AN© TOE M<& IPLUNGE DLACiIDfPRT DPAHDI 75c Free Delivery Phone Main 731 DURKIN Wholesale and Retail Hill and Sprague When you hear a man roasting this paper and Ita editor. It lv safe for you to put It down thnt tho rooster Is a delinquent subscriber who has had his puper stopped for : non-payment of subscription.—Monti j cello (r'la.) News. WED HESS AT, JTTBTE SI, 1900. PURE Full Quart Jewelry Auction 504 MAIN ST.