El Paso Daily Herald. (El Paso, Tex.), Vol. 19, No. 144, Ed. 1 Saturday, June 17, 1899 Page: 2 of 16
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EL PASO DAILY HERALD SATURDAY JUNE 17 1899.
2
THE DAILY HERALD
SATURDAY JUNE il
Published Every Evening Except
Sunday
- BY THE
Herald News Company
EL PASO. TEXAS.
LITTLE PLAZA.
TELEPHONK 115.
An Independent Republican
NEWSPAPER.
Rigid Enforcement of Existing Laws
la the First Step Toward Mu-
nicipal Reform.
J. A. Smith - - General Manager
H. D. Slater Editor
HENRY LuCapell - Business Manager
Entered at the postofflce at El Paso. Texas
for transmission through the malls at second
class rates.
TERMS OP SUBSCRIPTION
Dally one year
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.60
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three "
one "
Weekly one year - -
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" three " .
ADVERTISING RATES.
Bates of advertising In the Dally or Weekly
Herald will b made known upon applica-
tion at the business office. Those who pre-
fer can have a representative of the business
department call upon them who will quote
prlcestnd make contracts for space. Call
telephone No. 115.
Classified advertisements or locals ten
10)cents per line for first Insertion and five
(5) cents' for each additional insertion.
pecial rates upon five hundred (500) or one
thousand (1000) lines of local to be used In
one month will be furnished upon applica-
tion. BY CARRIER.
The Dally Hirald is delivered by carrier
la El Paso Texas Juarez Mexico and at the
El -Paso smelting works at fifteen cents (16c)
per week or sixty cents (60c) per month.
Subscribers failing to get the Herald re-
gularly or promptly should call at the office
or telephone No. 115. All complaints will re-
ceive prompt attention.
TO ADVERTISERS.
In order to Insure proper changes in adver-
tising copy for same should be at the bus!
ness office' not aterthan10 a. id.
The Herald has for a long time
contended that the trust question
would settle itself sooner and better
than it could ever be reached by foolish
state legislation such as Texas has put
on her statute books much to her dis
grace. The facts are bearing out this
opinion. For about a year the markets
of the east have been surfeited with
great mass of "industrial" or trust
stocks that have been eagerly snapped
up by brokers of loose morals as eood
material with which to swindle the
trusting public. These stocks for the
most Dart reDresented the water
in the capitalization of the great com
bines. Every cne knows that the stat
ed capital of these great organizations
is far beyond any possible need and
the fact is of course that the "good
will" of these concerns is capitalized at
a rate based on artificial inflation and
without any substantial foundation
The public the small investors the
promoters and the loose operators in
Wall street have all snapped at the
bait more or less. Since the craze
quieted down to some extent it has
been found that the com
mon stock or capitalized
swindle of these concerns does not have
any share in the regular dividends and
is refused by all well conducted banks
as collateral. The ultimate result of
all this will be a collapse which will
not involve the banks or the legiti-
mate investors but will carry down in
one great crash the flimsy concerns
that have been built upon the sand9
and will give the financial markets a
much needed purging. . It is not very
long since the mining markets had to
go through a similar experience.
There was a boom in mining stock?
many wildcat concerns were
organized without a thing substan-
tial on which to base their
claims for public recognition but with
a consuming desire to eell worthless
stock as long as the boom lasted. The
market was driven crazy and people
bought great blocks of "mining"
stock which was not worth the paper it
was printed on. Just as there were no
mines or mineral behind that stock
just so there is no foundation for the
common Btook of the trusts. The
crash is certain to come and the soon-
er the belter. Tho market needs to be
awept clean of these swindling con-
cerns. The longer the process is de-
ferred the greater the downfall will
be.
There is every reason to believe
that when the Americans realize what
an enormously rich territory they
have in Alaska they will undertake a
systematic process of development that
will in a short time send the American
district far above the Canadian in gold
output and general productiveness.
The territory of Alaska has-as yet on-
ly been touched at a few points and
there can be no doubt that with the
Bnlement . and development $i the
country tne will come an f cJ
greater prosperity !?T he norjfavest--ern
United State?.
Wisconsin recently passed an anti-
pasB law. The railroad companies at
once wrote to all beneficiaries of free
passis among public officials asking
them to surrender their passes. Asa
result many' of thl minor officers are
resigning their positions considering
tne pass more valuable than the office.
The railroads claim that they are
obliged to isBue a great many free
passes to fficials as in the nature of a
bribe to enlist their aid in staving off
hostile legislation or antagonism of
any kind. There is no doubt that
there is a great abuse here which
should be corrected.
At the council meeting the other
night it was brought out that City
Scavenger Charman is neglecting hi3
duty shamefully and the suggestion
was made that the city do its own
scavenger work. This is an excellent
suggestion. The city could by proper
management not only clean up the city
but. make money on the proposi-
tion. The single items of paper wire
and tin would more than pay for al
expenses of street cleaning it is pro-
bable! lf'the business were properly
handled.
The south is building cotton mills
all the t'me and one southern paper
remarked recently that about the
easiest thing one could do down tbere
was to get a half million dollars subs-
cribed for a cotton .factory. The rea-
sons for this are two. First cotton
mills in the south afford enormous re-
turns to capital and second the peo-
ple in that section work together for
the good of the community and offer
every inducement to. capital to come
in. i
IT is rumored that an expedition will
shortly be sent out to our far away col-
ony of Boston Massachusetts to study
the anti-imperialist bacillus and make
an attempt to isolate it.
An exchange suggests that Jim Jef-
fries may now be added to the extra
ordinary peach crop that California ia
looking forward to.
Dewey does not seem to have a very
efficient press agent. His name ia out
of the paper two days out of three.
Here it is the seventeenth of June.
and summer has not come yet.
We Hold the Key.
Dallas News.
The London Economist admits that
the key to the industrial and commer
cial position oi tne worm is now neia
by the United States. This being
true it deems it in order "to consider
what are the prospects as to toe re
newal of competition from thacoun
try." The Economist continues:
It is quite certain America is desirous to
retain the foreign trade which she has al
ready captured irom tnis coumr dui nav-
ln no cotcpeiltloo within herown border.
sn is Douua nrit to supply me nome ue
mands. These as is well known have ex
? landed so ao to require a very considerable
crease in ibeir own production and it
may be many montns Deluxe tins Is ac-
c'JuDllshed. It is well known that duriutc
tbe first quarter of the year there has been
no progress maae towarus n enlarged pro-
duction but tt is expected that now the
cold weather is over gome progress will b
maae in tnis direction.
Referring especially to iron it is set
forth that as the production of last
year was nearly 12000000 tons and
more than 2000000 in excess of 1897
it is not unreasonable to suppose that
America may be able to absorb 13000-
000 to 14000000 tens of pig iron for her
own requirements during 1899 and
that it will not be until her production
is in excess of these huge figures that
she will be a competitor. ".Now"
adds the Economist "assuming the
foregoing argument to be correct let
ua look at the effect oi this state of
things on this country. Last year the
production of pig iron in C-reat .Britain
was 8631151 tons and as stocks were
reduced at least 100.000 tons and 159 -
523 tons of pig iron were imported
the total consumption would be
at least 8 890.674 tons. Last year
our exports were affected by
American competition and we
know that about 500000 tons of pig iron
and rails were sent to countries which
had formerly been our customers. If
as is likely we shall recover a good
portion if not tne wbole of tnis trade
it seems probable we stall require to
produce about 9500000 tons to satisfy
all our requirements. This is saying
nothing of tbe general expansion of
trade which we may anticipate from
the action which is being taken in
Africa and China for the opening up of
these countries orders for railway ex-
tension. As these demands manifest
themselves we will no doubt make ef-
forts to enlarge our production al
though this is surrounded with
difficulties as to the supply of ore aud
coke which may cause some delay.
What is feared by many is that during
the period when the expansion we have
referred to ia taking place and before
this can be met by increased produc-
tion the stocks on both sides of the
Atlantic may be in danger of beiDg
heavily reduced." Verily our lots are
cast in a great country. It is not at all
easy to see just what the balance of
tbe world would do without our iron
cotton grain and meats. Every Texan
should feel especially proud over the
fact that within the bounds of his own
own state all of these products aod
maov others of almost eoual commer
cial importance are founaor produced
In abundance. Texas Is something of
a keyholder herself.
Pure Hygienic Ice.
Made from distilled water. Ask-
vnnr fn.mil vnhvsi Han nr rl rn crtrlfit. na hn
purity and healthfulness of our ice.
Telephone No. 14.
EL. FASO ICE & REFRIGERATOR CO
Live Stock.
Demand for native or Western
heifere "Pd cows wbb never better.
Sheepmen in South Dakota are call-
ing for shearers. The clip promises to
be unusually heavy. Ex.
About 1000 head of horsos have been
shipped from Midland Texas within
the past three months. Ex.
At a recent meeting of the board of
supervisors of Gila county there was
paid 8200 for ten Hon scalps and $110
for eleven bear scalps. Arizona Range
News.
Stockmen around Eddy New Mexico
report grass as being abundant on the
ranger's aod state that 85 per cent of
the calf crop will be saved this season.
Ex.
Cattle shipments from Grant county
New Mexico are comparatively light
at this time because the pastures in
Colorado Nebrasha and Kansas are
reported to be without grass on ac-
count of the drouth. New Mexican.
According to the Sioux Stock Jour-
nal published at Pierre S. D. the
Western range country haa had more
rain this spring than in many years
and the stock conditions are very fav-
orable. Ex.
The Pecos Valley railroad people
state that tbe shipments of stock over
their line for the season will amount to
125000 or 135000 head and they look
for tbe present activity to continue un-
til about June 15. Ex.
It looks as If it would take several
years to bring the supply of cattle up
to a point that will justify holding
young steers on the range until they
get much past two years old. The
threes sell now at good prices. Ex-
change. Twenty five cows were examined at
the Cnicago stockyards -and all were
found to be affected with tuberculosis.
From the lungs of one animal a pint of
germs was taken. Every cows was in
an advance stage of consumption.
Exchange.
The number of cattle in Texas at
this time ia given at 5243699 head
which places the atate first. The num-
ber of cattle in the United States it put
down at 39984340 head which shown
that this state has one-tenth of the
number. Ex.'
The purchasing of Utah sheep for
the summer ranges of Colorado has al-
ready begun. A transaction involving
6000 head mostly wethers at $3.00(ri
3.85 per head is reported. There are
thousands of head more for sale. Den-
ver Stockman.
A new kind of cattle feed which is
being introduced into the Salt river
valley is "teocinte." This luxuriant
grass growB to a height of fifteen feet
and has been found an excellent feed.
It is said that the hotter the climate
the more favorable are the conditions
for the teocinte. Arizona Republican
T. I.Blackman who represents the
Home Land and Cattle company once
one of the truly big outfits of the couc-
try wnicn nanaiea irom juuuu to
300.000 (cattle during ten years of the
best part of its existance and shipped
23.000 head ins 1893. said tnat tne
company would probably stock up agaia
soon. x.x.
The lamb shipping seaeon is over
with for the season. Not over 26 per
cent of those who fed lambs last winter
have made any money at tne business
tbe remalng 75 per cent tither losing
good money or have come out just
abuUt even. A great many rcecers
uui only lost all their hay grain and
labor but considerable good money be
sides. Fort Collins Courier.
Regarding the sale at 17 cents of
nearly 100000 pounds of last year's
woul cup which was winter e tor eel at
Boston. ex-Senator Power president of
the sheep commission 8id that if the
stapic is as good as it was last year
thai tne price will be about as good.
He thinks that about 75 cents will be
the average price although it may be
a shade better as he says upon the
quality. Ex.
The department of agriculture at
Washington reports that tbe Josses ox
farm animals from disease and ex
posure in tbe twelve months ended
March 1 last amounted to more tnan
7500000 head. On the basis of average
value ascertained by the department
in January the loss from exposure
amounted to $26000000 and that from
disease to $49. 000 000 a total of $75000-
000 "live-sixths of which." says the
department "is theoretically prevent-
able. Albuquerque Citizen.
Mexican cattle growers intend to re
habilitate themselves and Increase
their trade in the United States. They
are arranging to establish dipping vats
along the border and as there are
plenty of buyers who still persist in
handling this quality of cattle ship
ments are expected to increase. The
dipping stations are expeoted to be lo
cated at Bisbee Ariz. Nogalea and
Brownsville. The total receipts on
this side during last month were 17170
as against -31108 the same month in
1898. Denver Stockman.
The demand for range horses has
been very good the past week in Den-
ver. This condition added to the
possibility of a lower freight rate east
on this class makes some hopeful.that
a good horse business can be establish-
ed at the Denver Union Stock yards.
The market can be said to be active
Yesterday eighty-two head of unbrok
en animals were soid to eastern parties
and shipped out. Animals of good
quality will now sell for from $12 to $18
per bead. Draft horses are fairly
active and 6teady in price. Denver
Stockman.
Hotel Palaclo
Messrs McDermott and! Carpenter
have assumed charge of the above
hotel at Chihuahua Mex. and will con
duct the same on the American plan
Mr J D McDermott ia well known to
the traveling public as having for
many yeas conducted the jRobincn
house. Everything has been re li it ted to
the comfort of the guests and good
treatment is guaranteed.
Payne-Badger Coal company Mc.
Alester. Cerrllloa and anthracite coal.
cord and stove wood yard Second and
Chlhuwhua streets. Telephone No. 11
IT PAYS
TO TRADE AT THE
New York
Store
We want your business
and propose to get it by
our method of selling
the best goods at bot-
tom figures. We mean
just what we say that
you can get
The Best Goods
at our store and save
. money on them. Lots
of sales at small profits
rather than few at big
margins that is our
motto. Every article in
our store is marked in
plain selling figures.
Your money refunded if
prices and quality are
not satisfactory. We car-
ry the best line of
SHOES HATS
and FURNISHINGS
in the city and we guar-
antee prices lower than
the lowest. Come look
over our large stock.
..THE..
NEW YORK
STORE
Morehouse Block - Next to P. O.
Horace B. Siwns
REAL ESTATE RENTALS
FIRL. LIFE OCCIDENT
INSURANCE.
FOR .KNT:
5 room brick No. 1006
North Campbell....
3 room flat over Mom-
sen & Tbcrne
525.00
.20.00
6 room brick Nc. 703
Mprtle Ave
.30.00
5 room brick No. 1010
N. Florence
25.00
.22.50
18.00
4 room brick No. 1210
San Antonio .
7 room brick No. 409
N. JC1 JrasO
4 aoom brick No. 332
1400
Leon St
6 room brick. No. 110
30.00
12.50
Chihuahua
3 room adobe Smelter
Koai
2 room adobe No. 6081
10.00
N. Kansas
8 room brick No. 700
40.00
JM. Stanton-
Careful attention given to renting
property.
Horace B. Stevens.
Real Estate Rentals and
Insurance.
Sheldon Block - El Paso Tex.
GRAND HOTEL
HERMOSILLO MEXICO.
Strictly First Class gy
COHEN BROS. - Props.
J. c. voss I
I Jeweler g Optician
1 28 years experience. R
2j 102 San Antonio St. 1 Paso.
HOTEL GLEN MOKE.
Large Elegant Rooms 1..
All Newly Furnished
Mrs. R.J. OWEN Prop?tress
400 EL PASO STREET.
JOSHUA 8. RAYNOLD8 President; M. W. FLOURNOY Vlce-Pralden
ULYSSES S. STEWART Oaahler; J08. P. WILLIAMS Aeet. Oaahier.
THE
FIEST NATIONAL BAM
El Paso
Capita! and 8urplus.
HENRY L. NEWMAN JR. Caahler.
H. L. NEWMAN & SON Bankers
EL PASO TEXAS-
A GENERAL BANKING BUSINESS 0 TRANSACTED ;
Purchasers of Gold and Silver Bullion. Safety Deposit Boxes for Rent.gMex
lean Money and Exchange Bought and Sold and Received on De-
posit Subject to Check. Transfers Made by Wire to All
Points in Mexico. Special Attention Given
Collections. Correspondence
Solicited.
O. R. MOREHEAD President;
d.O LAOKLAND Oaahier;
STATE NATIONAL BANK
. Established April I88i.
A legitimate banking business transacted in all its branches Exchange on
all the cities of the United States bought at par. Highest priceB paid for Mex-
ican Dollars.
JUAREZ
Banco Comercial of Chihuahua
CAPITAL $600000.
Bay and sell Mexican Money and Exchange on all the principal cities of the
Republic of Mexico the United States and Europe.
A General Bankiru? Business Transacted.
Directors: LUIS TERRAZAS; ENRIQUE O. CREEL; JOS. M. FA LOOM
MAXIMO KRAKADER: LUI8 TERRAZAS Jr.
Clada.il Jnarei
ADOLFH KKAKACEB Manager
H. LE8IN8KY A. SOLOMON B. P. MIOHELSON. 8. J. FREUDENTHAL
President. . Vice resident. Secretary. Genera Manager
the H. LESINSKY CO.
Wholesale Grocers
and JOBBERS OF DRY GOODS.
We carry a complete line of Staple and Fancy Groceries and guarantee all our goods fins
class. We solicit the trade of dealers only and give especial attention to mall orders.
N llri Stamp I
I WE GUARANTEE THE WEAR. -
Write for Bstimates to-tlao S
g El Paso Foundry-Machin Co.
H. P. NOAKE.
Cor. Overland and Santa Fe Fts
surplus is A
Mountain
EQUITABLE
Mutual.
New York. .
Surplus is the only fund from
which dividends to policy hold-
ers can be paid.
DIVIDENDS
. 5 years 1893-1897.
EQUITABLE $11030732
Mutual 10035048
New York 9834733
Tie Equitable Life
OF THE UNITED STATES.
WALTER N. PARKHURST Gen'I
H. F. KETTLER -
Room 5 Morebouso
Texas
$160000
WII-LIAMCH. VEBB. Assistant Cashier.
JOSEPH MAQOFFIN Viee-Preeider tl
J. H. RU88ELL Aast. Oaahier.
BRANCH
ir the-
ej
otZEf Bineo Miners if Chihuhu.
DEALER IN
Fine Vehicles
Mitchell and Old Hick-
ory Wagons.
Harness.
Whips and Robes.. .1..
t have the only machine for
putting on Rubber Tire In
tbe Southwest.
Old City Hall Building
t-
of Strength
$56731703
44458685
37876179
DIVIDENDS
1898.
$3059745
2255245
2759432
Assurance Society
Manager Albuquerque N. At.
- - District Agent
Block El Paso Texas.
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Slater, H. D. El Paso Daily Herald. (El Paso, Tex.), Vol. 19, No. 144, Ed. 1 Saturday, June 17, 1899, newspaper, June 17, 1899; El Paso, Texas. (https://texashistory.unt.edu/ark:/67531/metapth297141/m1/2/: accessed July 9, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu.; .