Newspaper Page Text
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'RfsinrißQF 7th $t
rf^j^sg^gjjs^E^^l J| dllll J3 L« I 111 Oh
High Grade Pliilisiery
AT LESS THAW HALF VALUE.
BilBeAiWS F@H fJOIOAY
A FIN£ TRIMMED HAT. FOB-^ d^l^
These hats are usually sold for $2.50, $3 and $3.50. T&%&%9
SAlLOßS— Regular value 75c. $1.00 and $1.25. £[Qj£*
Our price ..... ™frs9»'Vij
DXE§3 HATS— In all leading shades.' Regular CA^
value $1.00 and $1 25. Monday t^Vv
Dress Hats made of the latest imported straw. .Regular (f|i(fj&^&
value $1.50, $2.00 and $2.50. Our price Monday .. «!?«S?l^
Misses' and Children's Trimmed Hats. $1.00 and &&J&!Lg%
1.25. Monday CPv
SHIRT WAIST HATS— The largest and best assortment
in Twin Cities, such as are sold else- (D^£|s*4r& dS^ «fl CdC^
where for $3.50 and $5.00. Our price chPC^tLP^ >}l Hbi«FCp
67 and 59 East £evenih Street,
ID Of II Hi
CHIBP GEOIXKJIST HII-L. REPORTS
OW HIS INVESTIGATION INTO
'4TND OF GREAT IMPORTANCE
Practical Oil Men Are Now Drilling
V In Many Points in South
■went Texas Seeking
WASHINGTON, May 25.—Robert T.
Hill, chief geologist of the United States
geological survey, has returned from
an extended geological investigation in
the Texas oil fields and has embodied
the results In a report, which says:
"The importance of this oil fk>lJ is
far greater than at present can be de
scribed or estimated. It means not
only a cheap fuel to the largest state in
area In the Union, but owing to its prox
imity to tide water it promises an export
trade such as exists nowhere else in the
world. Preparations are being made to
sink hundreds of wells and very soon
the present output of 500,00) barrels daily
may be quadrupled.
"It Is entirely within the limit of
probability that oil will be found at
many places throughout the coastal prai
rie, especially in its southern extension
toward the Rio Grand- and in the north
eastern state of Mexif-o at Tamaullpas.
The outcrop of the territory formations
in Southwest Texas, in Wilson Atascosa,
McMullen, Duvall and other countries, is
naturally rich in oil and the practical
oil men are risking their money in ex
perimenting in that rrgion. As the oil
bearing territory strata extend east of
the Mississippi into Mississippi and Ala
bama, it is not beyond possibility that
oil may be found in both these states.
"It Is impossible now to state" exactly
the extent of oil yielding bed which sup
plies the Beaumont well and this can
only be determined by drilling experi
"The area of profitable exploitation of
tin- lioaumnnt oil field* is confined be
tween San Jacinto and the. Sabine rivers,
cast of the Houston & "West Texas rail
road and south of Oil City, Nacag.loches
county. This area may be extended or
restricted by future exploitation.
"It Is very prdbable that ether oil fields
may ho discovered in the coastal plains
between Beaumont and the Tamplco
fieiels. Here lies a vast territory under
lain by oil-bearing eocene formations
which has not been exploited."
BAPTISTS AT SPRINGFIELD.
Officer* of (he Educational Society
Were Chosen YeMerday.
Hl-IUNOFJELD. Mass., May 21—The
thirteenth anniversary of the American
Baptist Education society was held ln
tie Highland Baptist church today. T-he
gathering was notable on account cf the
presence of the larjre number of the
most prominent educators in the coun
try. Afdrefscs were made by President
w. 11. P. Faunce, of Brown university-
President Nathaniel Butler, of Colby
oolite, Me.; Principal D. W Aber
crombic, of Worcester; Prof a C
Wood, of the Newten Theological insti
tute; Rev C. E. Owen, representing the
Maine institutions, and others. Rev Dr
U. 1. Moorhouse opened the session
Offlcers for the coming year were
dieted at the close of the meeting. No'
\£/oo PER weM
Grand Army Suits!
Made up in regulation style and cut; honest ma
terials and first-class workmanship
special Silk ■ Waists/3.98
Men's Hats ;"■"" .'UidQ
Derbys and Think of it! Silk Waists, made to
Fedoras, sellat $5.00 and $6.00, marked
this week, down to $3.98. Present day
am a ■ styles all of them, and in all colors,
818 I % "^h! We clothe the whole family from head to foot
er ■ ■ ■ " Hats, Clothing;, Shoes.
People's Credit Clothing Company.
Over 374 Robert St., St. Paul, ninn. Tel. 2252 J-i.
Open Evenings. Minneapolis Store: 439 Nlcollst Avenue. Telephone 3314 J-a
changes were made excert in the oirtfo
of the pros dent anJ two vice presidents.
F. \S". Baotwrlgbt, LL». D., of Virginia,
was chosen president, sn.l A. Gay lor Slo
cum, 1.1.. D., of Michigan, and J. F.
Forbes, Ph. D., of Florida, were chosen
IN FAVOR OF PEARL HARBOR.
Naval Hoard's Recommendation He-
Knrflingr Hawaiian Naval Station.
WASHINGTON, May 25.—The ' naval
board having charge of the location of
a naval station on Pearl harbor, Hawaii,
has completed its work. The board ad
heres to the view that Pearl is the only
harbor in the Hawaiian group capaole
of complete naval defense. It is only
flv.r miles from Honolulu. Much of the
surrounding land has been occupied for
commercial purposes, and, if possible,
to locate the naval station on the large
islands lying in the middle of the har
bor. As some of this island land was
raised to a high price since it was learned
the government might want it, the board
is disposed to consider a much larger
tract of island land, so that the final se
lection may be made with less restric
tion. The improvement of the harbor
contemplates a deep water channel across
the co:al bar at the entrance, and heavy
batteries on each side of the entrance.
PITTSBURG TRACTION TRTTST.
Smoky City Street Car Merged Witu
Capital of $40,000,000.
NEW YORK, May 25.—Jt was said un
officially hero today that the terms of
the merger of the Philadelphia company
of Pittsbiiig. and the Consolidated Trac
tion company of the same city, have
been agreed upon. The belief of those
Intimate with both corporations is th/t
the new company is to l>a organized
under the laws of New Jersey with
$40,000,000 of capital stock. An issue of
5 per cent bonds Is also contemplated.
This will be secured by depositing In
trust the stock of tne constituent com
panies, as was dene in the steel con
GEORGE F. GILMAN'S ESTATE.
Claim of Helen Hall to Be Heard In
I'nited States Court.
HARTFORD, Conn., May 25.-A motion
will be heard in the United States court
here Monday lor an order referring to
a mastor the bill of complaint in the
suit of Helen Potts Hall against the
Bridgeport Trust company as adminis
trator of the e&taite of the late George
F. Gilman, of Black Rock. The de
fendant takes exception to the- bill of
ccmplaint on the ground of impertinence
and tiie exceptions are on file. Mrs.
Hall's suiit is to recover the estate of
the tea marchant, claiming that he
adopted her as his daughter.
WHEAT HARVEST OF EUROPE,
That in Britain Will Be Delayed—
LONDON, May 25.-The Mark Lane
Express, commenting upon the adverse
weather conditions, says:
"At present there is no probability of
the wheat harvest beginning in July,
even in Sussex and Thanet, while in East
Anglia, it is not likely to be gathered
before the third week" in August. The
present cereal year, therefore, will have
to find food for fifty-five weeks
"Reports from Austria—Hungary show
over an average wheat promise in the
Austrian Tyrod-Hungary, Bohemia Si
lescia and a fair average in Cortia and
Bosnia and below the average in Calic a
"In Algeria the harvest is beginning
and a good yield is anticipated."
Gets a line string of fish when going
out on the Soo Line. Low rates. Ticket
office, 37y Robert street.
J lit, oi. MrAULt %jLt\jtSL4 % MJJNUAY, MAY 26, 1901.
ill IIS 111
CHICAGO GREAT WESTERN I!
SPEEDING A LARGE SVM
FORTY LARGE LOCOMOTIVES
General Manager Says tlie New En
gines Are Heaviest in General
Vane Welßh 1.">O 'lons
"The Chicago Great Western is mak
■ ing great improvements to its roact>ed
all over its system," said Genera! Man
j ager S. C. Stickney to a reporter for
! the Globe yesterday. "Since the be
: ginning of the year large sums have b:<-n
! spent on the track between St. Paul and
j Chicago, and before the end of D; cem
j ber we shall 'have spent the entire ap
! propriation for this purpose, amounting
' to about $1,650,0C0."
This sum is entirely distinct from what
| is being spent on equipment, for which
| a much larger sum h_s been appropri
j ated. In addition to the contract let
some time ago 1,5.0 fre:g:t cars, Ok>
I company is adding to Its rolHnj sock
j this year forty of the largest loccmo
! tives in general use. Twenty-six of these
: have been received fro.-n the Baldwin
; works, and the remainder are being de
j liv^rcd at the rate of one or two a day.
; Those monster machines are for trtigr.t
i hauling. The engines without the ten-
I ders weight ninety tons: wl;h the ten [-erg
i they weigh ]50 "tons. Thtr^ i.re cot
J more than a dozen e:,g:nt-s in the L'niud
j States which are heavier.
As was mentioned some time ago, the
| Robert street bridge is being strengthen-
I ed, not having been originally designed
j to support such enormous locomotives.
j This work has been in progress for some
i time, and it will be two months or more
before the repairs are complete.
It is the intention of the Great Western
to make the road e<jual to any in the
I country in point of roadbed and equlp
! mont. and to this end large sums a>c
j being spent annually on both.
MI'CH 11IKIO1IT GOES NORTH.
Shipment* to Alaskan Gold Plelda
Have Been Very Heavy.
The movement of treasure seekers to
Alaska has this year shown a marker!
falling off, but the same has not been
the case with the freight going to the
Northern gold fields. Freight officials on
all the local roads to the North Pacific
coast are unanimous in declaring that the
present season has been in some respects
the best since the field began to attract
attention. The rush for this year is about
over, as shippers have hurried their con
signments to the coast in order to Le
ready for the early boats leaving Seattle
and other coast paints.
As is the rule the freight carried over
the local lines has consisted to a large
extent of provisions and clothing. Rela
tively, however, there has been a fallins'
of in the amount of provisions, and a
marked increase In articles of luxury.
The Dawson City region, as being the
oldest of the recently located camps,
leads in this respect, and the merchants
of that place have this spring taken in
large shipments of silks, dress goods and
the knick knacks of millinery. Elaborate
house furnishings have also entered in to
the orders of the Dawsonites. The citi
zens of that place are rapidly becoming
anxious for all the conveniences of civil
ized life, and with the gradual lowering
In the formerly exorbitant freig-ht
charges, they are enabled to gratify their
wishes in this respect.
Freight men also report that there have
been extraordinary heavy shipments of
mining machinery sent West, bound for
the Northern fields. In this respect, the
Atlin district has the call. Several
wealthy syndicates have taken In com
plete outfits of hydraulic machinery, and
hydraulic plants are not light. About the
largest of these syndicates Is composed
almost exclusively of titled Englishmen,
and they have been enterprising enough
to secure an immense plant of the latest
American design. The "White Horse dis
trict is another to take large quantities
of heavy machinery. The properties in
this region are all copper bearing, and
the engineers in charge of the recently
developed mines assert that the White
Horse is destined to become the largest
copper producing center of the world.
Cape Nome is still in the pioneer stage,
and, while a limited amount of machinery
has gone there, for the most part pro
visions have constituted the bulk of the
cargoes consigned to that point.
In all it is estimated that the freight
for the North, which has passed through
this city this spring, is worth in the
neighborhood of $10,000,000, which would
tend to justify that old saying, that it
costs a dollar to get out a dollar's worth
of gold in the long run.
ST. IGNACE TO THE SOO.
Pennsylvania Interested l n Hue
Which Miay Tap Hudson* Buy.
SAUL.T STE. MARIE, Mich.. May. 25
— The project of building an air-line
railway from St. Ignace to the Soo,
which was recently announced is much
nearer fruition than is gencra-llv "known.
There is little doubt but that k will be
ready for trafKe within a year from
now. That, at least, is the p"lan of the
promoters, who are Chicagoana so it is
The new road will be known as the
northern Michigan railroad, according
to reports, which are believed to be au
The following are the oflic'ers: Pres
ident, Prank ilamlin; vice president B
Boyden; secretary, S. E. Peel Among
the incorporators are Byron Boyden S
E. P«el, G. W. ::obh, Frank S. "Boyden'
W. W. Gristend, W. K. Botham and
The road will be approximately sixty
miles lons. The preliminary survey has
been made nnd right of way secured
from St. Ignace to Pickford" twentv
four miles from the Soo. and the re
maining work, it is believed, will be
Concerning the construction of the pro
posed road there is a great deal that
does not appear on the surface. For
instance, it has beer, announced that the
Pennsylvania system is not at all in
terested in the line. There is, however,
good reason for believing that the Penn
sylvania people are in reality the prime
movers in the enterprise, for thf> rea*
son that they control the Grand Rapids
& Indiana railway, so that the new line
would give them direct connection with
the Soo. But that is not all. It must
be remembered that Philadelphia capi
tal is largely interested in the enterprise
directed by F. 11. Clergrie at this place
Among these is the building of the Al-
Boman Central railway, whicTi has Hud
son Bay for its objective.
Putting two and two together it can
readily be seen that the St. Tgnace-
Soo line is destined to be the .connecting
link with the Hudson Bay road, and that
the Pennsylvania system will control the
vast transcontinental from the Eastern
seaboard to the arctic sea.
NEW IRON ORE BRANCH.
Stony Brook Branch of Great North-
otii Is Almost Completed.
The Stony Brook branch of the Great
Northern has been practically completed.
The rails are all la?J to the destination,
Iron Mountain, and the only work re
maining to be done is the ballasting. This
is not being rush-ea, as there is no par
ticular reason for finishing it before the
grain begins to move this fall. The road
is forty miles long, and saves twenty
miles of an ore haul. When the wheat
shipments begin to be heavy, the East
ern Railway of Minnesota will employ
this branch exclusively for ore carrying,
and the Cass Lake division will be used
for the grain.
This will mean the saving of much time,
as grain will then have a direct unin
terrupted route from the Dakotas to the
shipping point, West Superior. Before the
Stony Brook branch waa built the ore
was brought from the mines on the
Northern division, or old Duluth, Su
perior & Western, to a point on the Cas3
Lake division, which was consequently
hampered in the grain season the
amount of ore moving at the same time.
WAIT OX I*RE3IDEXT STICKXEY.
.Vioux City Business Men Anxioag to
Secure Entry of Great Western.
A committee representing the Commer
cial Club of Sioux City waited upon Pres
ident A. B. Stickney, of the Great West
ern yesterday morning, and laid before
him a proposition for the road to bu Id
into the city. Just what the terms of
the proposal were both Mr. Stickney and
the members of the delegation deel.ned to
make public at present, but the Sioux
City men stated at the close of the in
terview that they were sanguine of se
curing the entry of the road :nto their
city. The matter of terminals is under
stood to have come up for discussicn,
and in this connection it was sad that th=
Sioux City Terminal company had arr.pl?
facilities, which it was willing to share
with the Magpie Leaf road.
The members of the delegation were:
C. U. Wright, William Gordon. W. p.
Manlev and \V. L. Stevenson.
"Strawberry Speelnl" Makes Time.
A "strawberry special" reached the
city Thursday from Kansas City over
tlie line of the Great Western; and bear
ins in mind the perishable nature of the
fruit the officials rushed the train ;o
such good effect that it reached St. Paul
hi loss than fifteen hours, three h v s
and fifteen minutes under t v:c lerulir
passenger time. The cargo of the lus
cious fruit arrived in peifect <■■ n iti n,
find the trainload will, for soir.e t me a.c
least, prevent any danger of a straw
berry famine in this city.
Excursiftns to Far North.
Since E. S. Harriman. the well known
railroad magnate, took a party c f eel n
llflc men on an exploring trip'to Ala-s a
two years ago, similar parties have b -
come something of. a ragre. ami tree wi.l
be two or three- go up this surrme-. Th?
regular summer excursion traffic to S Lka
and Glacier bay will be large tiis s m
mer, and tho passenger department« of
the coast line roads are daily rtcei\i. g
inquiries for rates.
MOBE FHIIIPFINE ARRESTS.
Oiflieers of the Forty-Third Churged
With . Crookedness.
MANILA, May 2',.~ Cart. Michael Spell
ruan, Lieut. Delbert, R. Jones and
Surgeon Dudley \v. Welch, of Company
G., Forty-third infantry, stationed at
Muas ir. Southern Deyto have been ar
rested on charge of trading in permits
to chip hemp from the closed ports. They
will be tried by court-martial, it has
not been determined whether Manila
hemp buyers are directly implicated.
The prosecuticn against D. M. Car
nun, Senor Carranza and others accused
of trading with the Insurgents, has been
abandoned. The military authorities con-
Bider that although the convictions of a
number of Manila merchants would be
practically certain were the investiga
tions continued, their prosecution would
be inexpedient as the consequent damage
to business would outweigh the good ac
Provost General Davis, who has re
viewed the testimony in tfati Carman
cases said to the correspondent of the
Associated Press that while Carman
could be convicted of trading with the in.
surgents. it would be unjust to punish
him when nearly every trader in Manila
is guilty of similar practices.
Unless Gens. CaiHe* an 1 Malvar sur
render quickly, Gen. Mac Arthur will con
centrate a strong force of American
troops and surround them. Cailles is
vainly hoping for a guarantee from the
American authorities that l,e will n^t be
tried for the murders an<l atrocities he
is alleged to have committed. Malvar is
boasting that he will be the last In
surgent to surrender.
The attempt of Gen. Hughes to accom
plish the surrender of the insurgent lead
er I.ucban, on the island of Siunar, is
Battery F., of the Fifth artillery,
formerly commandel by the late Capt.
.Henry J. Reilly, has arrived heTe from
STEAMER CUTS DOWN A BASK.
TTiouuhl That Drew of Fourteen Men
Lose Their Lives.
BOSTON, M;iy 25.—The steamer Ohio,
from Hui!, which arrived today, report
ed a collision at sea with the Norwegian
bark EUse from Moss, April 1, for New
York, in ballast. One sailor was picked
up, but his stories arc so conflicting that
it is hard to tell if the Lark went dov/n
with fourteen men or not. The suppo
sition is that she did and only this sailor
was saved. The collision occurred in a
STRIKE OF THE MACHINISTS.
Fifty-Two Thousand Have Already
Returned ttt Work.
PITTSBIJRG, Pa., May 25.—President
James O'Conneil, of the Machinists'
union, was in the city today, looking over
the strike situation, and while here he
said that /4.000 maohini&itß are on strike
throughout the country, while 52,000 have
returned to work, thus me king the total
number of machinists in the organiza
tion of 7G,000. President O'Conneil pre
clteted an early settlement with all the
Five KensmiN Why Yon Shonld I'se
the Pyramid Pile Core.
First, it cures every form of piles with
out a particle of pain.
Second, it cures without any Inconven
ience or detention from daily work.
Third, its effects are lasting and not
simply a temporary relief.
Fourth, it is the cheapest and safest
pile cure before the public.
Fifth, it is entirely harmless, contain
ing no mineral poisons, and cannot harm
the most delicate.
It has been thoroughly tested by phy
sicians in every state in the Union and
is recognized by the best authorities as
the safest, surest and cheapest pile cure
When it is remembered that usually
piles is a most difficult, obstinate disease
to cure, the results obtained from usi«?
a single package are certainly remarka
ble to say the least. People who have
been annoyed with piles for years are as
tonished at the prompt results always
The Pyramid Pile Cure' is made by th-3
Pyramid Co., of Marshall, Mich., and is
now also for sale at all drug stores, to
g-ether with a treatise on cause and cure
of rectal diseases.
Crops Damn Keel by Frost.
NEW PAYNESVILLE, Minn., May —
(Special.)— heavy frost fell in this vi
cinity last night. Considerable damage
will be dove to the corn and wheat crops
and to the gardens. It is hoped that the
fruit was far enough advanced so that
the frost will not injure it. The final
arrangements for the observance of Dec
oration day have been completed by Eu
gene M. Wilson Post, G. A. R. The ex
ercises will take place in the Paynesville
cemetery at 2 o'clock, and- will consist
of a short programme by the school chil
dren, after which the Rev. Hingeley, of
Minneapolis, will deliver the oration of
the day. The New Paynesville high
school ball teams will meet the Sauk Cen
ter ; high school teams ■on the local
grounds on the afternoon of Decoration
day. ".- • ■- . . ' .
School Teacher Drops Dead.
CEDAR FAL,LS, 10., May 25.—(Special.)
—Miss Amy Peterson, daughter of Mr.
and Mrs. John Peterson, dropped dead
ye3terday at her boarding place in Ben
ninpton township, where she was engaged
in teaching school. She was a young
lady seventen years old. This was her
first experience in the schoolroom, in
which she has been successful. The body
wi'l be brought to this city for Inter
Foot taught In Planer.
FRAZEE, Minn., May 23.—(Special.)—
Edward ;Torske, while worthing in the
planing mill here Friday caught his foot
in the machine and cut it so badly that
It was necessary to amputate two of his
BACKACHE AND INDIGESTION
Caused by Systemic Catarrh —Pe-ru-na Cures
MISS f\. BRADY, OR CHICAGO, ILL.
Miss A Brady, Corresponding Secretary Illinois Women* Alliancs, writes of Peruna:
2725 Indiana Aye., Chicago, 111.
Peruna Medicine Co., Columbus, O.t
Gentlemen:—"Last year, from continued strain in literary work,l became
very much exhausted. Hy nerves seemed to give way and I had backache,
headache, and serious indigestion. One of my friends suggested that I try
Peruna, but prejudice against any patent medicines kept me from taking it,
until I became so weak that I felt 1 must do something. It certainly acted
like magic on my system.
"Within ten days I felt new life and health given me, and by taking an
occasional dose off and on when I feel extra tired, I keep my system in
perfect order."—Hiss A. Brady.
in n suns up
PRBCAI TTOiYAiRY SIGXAI* HAS SET
BUSINESS MEN AND SPECU
IRON TRADE NOW THE INDEX
What the July Dividends Will Be
■ Depend* on J. P. Morgan—
-:■ . - feller Jr.'a Letison. '/i
(BY W. G. MCHOLiAS.)
NEW YORK, May 25.—(Special.)—Pe
culiar Interest attaches to the
future of fne Iron trade, Busi
ness men and speculators are giving
more careful thought to this question
than almost any other, and trying their
best to obtain every piece of Information
possible to aid them in forming conclu
sions for three months, six months or a
year ahead. The reason for this keen in
terest is the prevalent belief that the
iron trade will have the first warning of
radical changes in the business situa
tion. The late panic has served to sfm
ulate inquiry and investigation. It gave
the men of affairs and people of intelli
gence generally more of a shock than
they are willing to admit, and has set
the whole country thinking. As a precau
tionary signal it is certainly producing
results. It has checked blind enthusiasm
and is causing people to use their brains
instead of their imaginati ns in their
HAVE LEARNED PRUDENCE.
I de» not mean to say that confidence
has disappeared, nor do I believe it i 3 in
any danger of giving way to doubt and
cowardice, but at the same time there
has been during the last fortnight a no
table growth of prudence in the business
world. Men who had fallen into th 3
habit of putting their names down for
$100,000. $500,000 or J1.000.C00, almost with
out a thought, and because somebody had
said an investment or enterprise was a
good thing, sleep over propostions in
volving 10 per cent of the amounts. They
do not confess even to themselves that
they can see an end to the period of
prosperity the country is enjoying, but
experience has taught them that the day
of settlement is as Inevitable as taxes
and death. No better proof of this can
be asked than is shown in the shrinkage
of business on the New York Stock ex
change, where the volume of trade is
only 20 per cent as great as It was dur
ing the several weeks prior to Black
. is a reputation that has den* much to
nearly double our business this year—a
popular knowledge that we c. rrythe best
' In the world has done the rest. There
have been sold over 5,000 of
Thsy lead the world. Terms cash or sir all
HOWARD v at* Vn
5 GRANT P. WAaNER, Treas and Mgr. -
Thursday, as the 9th day of May la now
"What Is the significance of the falling
off in the long distant orders in iron
trade?" I asked a specialist In that line.
"Does it signify that the boom in iron
la coming to an end, and, if not that,
then, what does it signify?'
SYMPTOMS NOT ALARMING.
The specialist thought for some mln
utos before answering, and then replied:
"In common with every Iron man in the
country, I have given that very question
the closest study, and there has been a
very free Interchange of views among
those who are qualified to pass an opin
ion on It. The practically unanimous
judgment is that the symptom la not
alarming. All the mills and shops in the
United States have orders on their b oka
which will keep them yorKing night and
day into the beginning of next year.
Neither side is anxious to tnter into con
tracts beyond January, '02. Buyers hop<
prices may be more favorable next year
than they have been or are likely to ho
this year. Manufacturers and prod
of iron and steel do not care to bind
themselves on long- time agreements for
several reasons, the chief one of which is
uncertainty as to what they will have
to pay for labor. That is really the prin
cipal cause of the falling off in far-off
business. Statisticians estimate that be
tween 75 and SO per cent of the cost of
iron and steel is in labor. It will be
seen therefore that charges in the wage
I scale enter vitally into the calcu'ati ns of
owners of plants and mines. While the
labor situation remains In a state of dis
turbance capital is loath to commit It
self on any considerable volume of con
tracts extending ahead more than six
Continuing on the same theme, the ex
pert added: "So far as can be ascer
tained there Is no probability of an actual
decrease in the production of iron. On
the contrary estimates for '1902 fore
shadow a material increase in the out
put of that metal. In the United States.
We arc consuming .at the rate of over
IS.COO.OX) tons per annum as against about
13/iOO,»K)0 last yea;'. New plants in course
of construction and planned for might
easily increase the production of Iron
next year to 17.000,00-) tons. The Innumer
able new uses to which the coarser
metals arc being put warrant the convic
tion that within three years this coun
try will produce and distribute in thf
home and foreign markets at the rate of
20,000,100 tons per annum and that the
trade can safely assume the increase t'>
bo permanent and enduring. The United
Statesman undersell any country in the
world alia will within'twenty-four months
dominate the foreign markets. Of that
thero la no doubt in my mind and it Is
the firm conviction of the men behind the
great iron and steel combines."
While on thU iron and eteel feature 1
might note that the insiders in the $1,50,-
-000 000 corporation continue to encourage
the belief that a dividend on the common
stock will be declared in July. The
pp<'Ciilattv2 tip is that the declaration will
he 6 per cent. A powerful conservative
elf-ment in the directory will be for mak
ing the dividend either 4 per cent or 0
per cent and adding the remainder to the
surplus. Mr. Morgan will return from
Europe to bo at the July meeting ol
directors of the big corporation and the
dividend lusstion \\ 111 b=> deciJe>3 by nin.
Ho will bring back a mass of information
hearing on the foreign trade and will
have made- up his mind how much money
it will be necessary end wixc to Invest In
the development of export business
IT at has all along been Mr Morgan's pet
hobby in connection with his corporati m
and he has been collecting pertinent dat i
ever since he went away.
GEORGE GOULD'S AMBITION
Tho extent to which Mr. George J.
Gould is getting into railroads has given
Wall street and the public a new inaighi
Into the character and plans of that re
markable young man. lie Is not so vcr>
ycun^, eithe.r, being well past forty
y«-ars of age, and has bton in almost
absolute control pf the Gould fortiinos;
for many years. Ur.tß t/rta year he has
never been conspicuous in the street ani
has apparently contented himself Vlih
re-investing the earnings of the estate,
with no view of becoming especially
prominent among the financiers? <-,f first
rank. It is becoming evident that under
his management the Gould estate 'naa
grown enormously a:id that he Is now lr
position to eize up with Jchn D. Rocke
feller and W. K. Vanderbllt, who are be
yond a doubt toe largest owners of rail-
A SEVERE CASE
Of Catarrh of tto Stomach Cu.eJ by
Mr. Otto Jordan, Arses, InrJ v.-r;'
'•I can state to you that a]
toms of catarrh ha
I commenced taking Peruna, and I
give it all the praise. I took four t
of the medicine. I\>r a long lime
I took the medicine I felt dull and si
was subject to sick stomach a i | c z^i-
Stoce the fiist bottle |
troubled with my stormch and have
been greatly tv
anybody troubled wit!
benefited by the use of \our m
The : c.ret of Pure El:o^.
No one can be ;:
a.section aiul have pure blood, r..r how
ever careful one may be In th
of proper food. If |
gested It will n t furnishe the
For this condition Peruoa :.s a i
falli-g remedy, it cleanses i>
correcting digestion, and giv<
the whole system by mc
tritlve value of the f I g
as It is sometimes called,
a tired-out, sleepy feelii -
to do much mental
the result of a
bloody medicine «■:;■ i>, :
ever unless it la able to
paired digest! i. The g
that Perunn has is
in all such oases it at oi
ye derangements and ci
blood by purifying this very Imp
source of thai vital fluid.
A Tonic anJ Catarrh Cure.
Mr. W. If. -Holland, mi Hart well (5a..
proprietor of the Hart well Tin VI rka,
writes of Pe-runa as follows:
"I am more than pleased with the bene
fits derived from Peruna. The winter
of l£S9 my weight was 150 pounds. I used
several bottles during the w nter and now
"I have recommended it to i II my
friends both as a tonic and catarrh cure.
If I ha been lucky enough to have see»
It several years ag\ Peruna would havo
saved me much Inconvenience." \V. M.
A Fin; 8100 1 Purlfie-.
Mrs. Mary A. Smithing, Chaplain Gsn
eral Henry W.
Lawton Circle No. •N~"'-~v—■—— ~»\
27, writes from S ?
Chicago as fol- / S&ifMtei^ >
Gentlemen: "As L_ t
a fine blood purl- (f» §fe W X
fier Peruna stands! I • *§*'. '*% \
at the head of any I»^ >/ ji
medicines I have ' ■ J%iu\ *T* )r *£> ''
ever known. I sjj -''^^'i
havo used it my- &3&&F^gsHf*?i& V
self with fine re- -J'
suits, anil know (
that It has helped j[Tf^ (>
several of our > '"'' • !i
Grand Army ladles „ „ . „ ,'
more than any - i Mra- M. A. Smithing ,|
thing t"hey ever c^^^^ s/N/^)
"Knowing it to be a. reliable family
remedy it has my hearty endorsement."
—Mrs. Mary A. Smithing.
If you do not derive prompt and s itls
factory results from the use of. mna,
write at once to Dr. Hartman, giving a
full statement of your case and he' will
be pleased to give you ,his .valuable ad
Address Dr. Hartman, President of The
Hartman Sanitarium, Columbus, O.
way securities in th • world. There s<em3
to be no limit to his resources. it has
not been necessary for him to reduce tii-j
Gould Interests In Western Union or
Manhattan to extend him*'lf as he has
been doing in the railway field.
Not content with organizing a South
western system, with a mileage of IJ,(/.O
miles, he ia planning to secure un inde
pendent outlet to the Atlantic seal
In this ambitious project ha ha-
Ilnanclal and personal booking of John
D. Rockefeller and the co-operation of B.
H. llarriman. It is said to be Georgu
Gould'a ambition to secure eventual rec
ognition as the greatest of Americun rail
road men. He is taking care of his
health and is planning ahead for twenty
ftve years. I^lfe Insurance companies flg
urO him as a good risk for a iiuart< r ot
a century, and in that time he hopf s to
become Ihe richest man in America ami
the most powerful. It is only lately that
even hia most intimate friends have dis
covered that ho had any overpowt r ntf
purpose In life.
YOUNG ROCKBFDI.LKRS LESS
Every little while the speculators hear
itbat the Rockefellers are about fo do
something In Leather. The movement is
always confined to the common km-Ic
which has been ki-. iting around bet
*s and Yz'J a chare for several ■■• its ' r
small-callbered gamblers take great n-.
--terest Ie leather tipy and thr- public is
v.orked for all it Is worth by touts who
advertise Kiin-thing Information in thr,
newspapers, given over to that h .
folly. There is a shrewd suspicion that
the only Rockefeller interested in these
minor d( aIH In Leather is John D. Rocke
feller Jr., tho son arid heir of the multi
millionaire. The young man has not yet
obtained standing as a power In finance
and his father Is said to discourax
dependent effort on the part of thj
youth, who l 3 nevertheless ambitious to
shine In th« market. As a special ra
vor, It Is said, he is allowed to play with
Leather cn.jrjmon as the spirit n
him, the company being larg'
by John D. Kockefeller Br. One tlm,;
common was put up to HO a shar
which flguro a shiploa/i of i
van suddenly emptied upon th<
RTtatly to John D. Jr.'s surprise. Mr
Keene was given the credit of breaking
the corner, but It is common rumor on
the street that the sourco of supply wri>»
nearer headquarters. It is no uncommon
thing In Wall street for rich fathers to
discipline their «ona by engineering
schemes to lose their money on di
THEOSOPHISTS AT CHICAGO.
Col. Olcott, of India, Is Hie Bright
CHICAGO, .May 25.—Theosophists open
ed their fifteenth convention in tlii3 city
tonight. The guests of honor were Col.
H. S. Olcott, of India; C. W. Letuibc-axer.
of England; and Alexander Fullcrton. of
New York. An address of welcome wag
delivered by R. H. Randall, president of
the Chicago branch of t'oeosophists, to
which responses were made by Col. Ol
cott, Messrs. Leadbeater and Fullf-rtou
and others. The business sessions of tha
convention will commence tomorrow
morning; a public meeting will be hf-l-J In
the evening and or. Monday the business
meetings will bo resumed.
It Is a fact confirmed by the moat ;irn
ple experience that those who habitually
resort to Humphreys' Specifics for aid
and cure In their Illness, have less :-/l k
r:ess, better health, better growth, longer
and more vigorous lives, than those
treated by other methods. The fact Is
explained In the circumstance that these
Specifics, because of the method of their
composition, have a deeper and wider
range of action than other mediHnos,
and thus constantly tend to era.
THE CURE 3 EM3RASE
Headaches, Ortp, Catarrh, Neuralgia,
Sore Throat. Bronchitis, Croup, Whoop-
Ing Cough, Dyspepsia, Kldnoy and Urin
ary Diseases, Diarrhea, Dysentery, Piles,
Women's Complaints, Infants' Discuses,
Rheumatism, and other formidable and
oft times fatal diseases. At all Drug*
gists, 25 cents.
Dr. Humphrey!** Speriilc Manual
mailed for the asking.
Humphrey*.' Homeopathic M^dicino Co.,
Cor. WUluun and John Stfl., New York.