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THE MORNING NEW/.
J. H. E3TILL, Preside/
Established 1850. - - Incorp/ated 1888.
CASTRO IS WILLING
ACCEPTS rfIKDITIO>B t)F ARBITRA
TION IMFO'ED.
THIS ACCEPTANCE GENERAL
READY TO SUBMIT TO FAIR AND
IMPARTIAL JUDGES.
Answer of Venriorls'i President to
the Conditions of Arbitration Im
posetl by the Powers Is Bein Pre
pared by the State Department nt
Washington for Transmission to
Bn ropy—Further Steps Toward a
Settlement Not Expected for a Day
or Two.
Washington. Dec. 31.—The answer of
President Castro to the proposals of
the allies to submit to the arbitration
0t The Hague tribunal the Venezuelan
difficulties has reached Washington
through Minister Bowen.
The answer amounts to a general ac
ceptance "f the principles of the pro
position. President Castro being will
ing to submit his case to the arbitra
tion of fair and impartial authorities.
The details of the answer will not be
published here in advance of its recep
tion by the European allied Powers,
and in fact it may be withheld en
tirely fj-om publication on the ground
that it really belongs to those Powers.
To-day the answer is being prepared
at the State Department for trans
mission to Europe. As it is quite long
and undoubtedly will require careful
consideration by the foreign officers at
London, Berlin and Rome, it is not
expected that any further steps toward
a final settlement can be taken for
a day or two. The feeling here, how
ever, based on a knowledge of Castro’s
position, is that his answer practically
clears the way for the submission of
the case to arbitration.
The answer has given great satisfac
tion here.
•‘THAT’S THE WAY TO TALK,
OLD BOY,” THE LADY SAID.
She ( lapped (astro on the (lack a,
She Said it.
Berlin, Dec. 31.—The German govern
ment’s reservation in agreeing to sub
mit the Venezuelan claims to arbi
tration continue to be undisclosed in
their entirety. From statements ap
pearing to-day, however, It seems to
be confirmed that Germany excludes
from the claims which are subject to
arabitratlon damages amounting to
of property and out
rage's bn'the persons of German sub
jects under circumstances which are
here deemed so clear that it is useless
to call in arbitrators.
The payment of this sum will not
be demanded in cash at present, but
a sufficient guarantee will be insisted
upon. Great Britain's preferred
claims are equivalent in amount, $300,-
000. Germany waives an apology for
"'hat are here called "diplomatic in
sults,” asking only material repara
tion.
The Lokal Anzeiger. the only Ger
man newspaper having a special cor
espondent at Caracas, prints a dis
patch from the Venezuelan capital,
dated Dec. 29, relating the corres
pondent's experience interviewing
President Castro. He found him at
Gen. Alcantara’s estate at La Victoria,
dancing at noonday. Gen. Alcantara,
who was waiting with a bundle of
disptches, remarked to the corres
pondent that it wouldn’t do to inter
rupt the President’s pleasure, even
with state business. But the corres
pondent says he spoke to the Presi
dent between dances and “after con
versational reconnaissance,” inquired
if he intended to give the Powers sat
isfaction.
"Why, no,” replied the President; “I
am the one demanding satisfaction for
insults.”
"At this remark," the correspondent
continues, “a lady clapped the Presi
dent on the back and said, ‘That’s the
way to talk, old boy.’ ”
WILL NOT BOMBARD.
The Report About the German Crui
ser Fntke I’ntrne.
Caracas, Dec. 31.—The report that
the German cruiser Falke is threaten
ing to bombard Maracaibo is untrue.
In the first place the cruiser cannot
enter the Lake of Maracaibo, and as
Maracatbo is ten miles from the bar,
it woulA be impossible for the Falke
to bombard it. In the second place it
Is asserted, in Maracaibo that the post
master thtre has not withheld the
mail of German merchants. Maracaibo
is quiet.
The blockaV is working injury to
commerce, especially to American in
terests. \
consentVo bolivar.
Port of Spain. Trinidad, Dec. 31.—Ad
miral Douglas, R. N., to-day granted a
special permit to the Orinoco Steam
ship Company to send Its steamer Bol
ivar to Ciudad Bolivar, Venezuela, and
for the vessel’s return here. The steam
er Manzares, now on the Orinoco river
will be coaled by the Bolivar; the Man
zaares will also return to this port.
ESCAPEDTHE ITALIAN.
LaOuayra, Dec. 31.—An Italian cruis
er last night chased a big Venezuelan
schooner oft this port. The occurrence
was seen from here. Under cover of
darkness the schooner managed to get
away.
BIG GRAIN ELEVATOR
DESTROYED BY FIRE.
Baltimore, Dec. 31.—Northern Central
Railroad grain elevator No. 3 was to
tally destroyed by fire to-night. Three
foreign steamers, the Alexandria, Ger
man; Poland, British, and Pydna, Brit
ish, which were tied up alongside, tak
ing in cargo, were slightly damaged
before they could be towed to safe
harbor.
The elevator had a capacity of 1,-
000,000 bushels, and is said to have
been half full of grain. No estimate
of the monetary loss can be given 10-
night, but it Is thought will reaJh
$500,000.
Jsabatmal) Jftafninij f£cto>&
PLANS FOR LABOR LEAGUE.
Fairchild Tells What It Is Hoped to
Accomplish.
Albany, N. Y., Dec. 31.—Rev. E. M.
Fairchild of Albany, who has been
called into consultation by the work
men interested in the formation of the
National League of Independent Work
men of America, said to-night:
"The league will be organized in the
near future. It is proposed to put a
national organizer in the field and to
organize local branches all over the
country and demand that employers
run their shops as open shops in which
union and league men can have an
equal and fair chance for employment.
“The league will be strictly a labor
ing man’s affair, but it will be incor
porated so as to command the confi
dence of employers and the general
public and be in a position to defend
the rights of its members through the
courts. Only American citizens will
be eligible to membership.
"The specific objects for which the
Independent Workmen propose to or
ganize are £s ftfflaws:
' “1. To protect independent workmen
in their independence.
“2. To sustain high wages by skill
ful, energetic co-operation with our
employers.
"3. To establish reasonable hours of
labor according to the exigencies of
the trades.
"4. To promote intelligent under
standing of our work.
“5. To furnish favorable conditions
for training apprentices in order that
our boys may become successful work
men.
”6. To maintain sanitary conditions
of employment by means of state laws
and inspectors.
“7. To compel officers of the govern
ment to enforce the laws.
“8. To compel labor unions to 'ob
serve the laws.
’’9. To protect members against un
just treatment from employers by
due process of law'.
”10. To provide a labor bureau for
its members.’’
WILL INCREASE STOCK.
That of the Tohnecn Company Goes
to *40,000,000.
Neiv York, Dec. 31.—Announcement
was made to-day that a special meet
ing of the stockholders of the Consoli
dated Tobacco Company had been held,
at W'hich it was unanimously voted to
increase the capital stock from $30,-
000,000 to $10,000,000. Present sharehold
ers will have the privilege to subscribe
for the new stock at the rate of one
third of their present holdings. There
will be no public offerings of the new
stock, which is all common, and will,
it is announced, be placed in the treas
ury of the company to be used in the
regular course of business.
HOW THE SHARES GO.
Stockholders Who Take the New Is
sue ol Consolidated Tobacco,
Trenton, N. J., Dec. 31. —The Consol
idated Tobacco Company to-night filed
papers with the Secretary of State, in
creasing the capital stock from $30,-
000,000 to $40,000,000.
An attempt was made to file the pa
pers this morning, but they were re
jected because of technical imperfec
tions. The papers filed to-night con
tain the names of J. B. Duke, presi
dent, and Charles F. Keene, secretary.
Among the stockholders who have
given their consent to the increase
and the number of shares held by each
are as follows: A. N. Brady, 25,000
shares; J. B. Duke, 25,000 shares; B. N.
Duke, 15,000 shares; W. L. Elkins, 10,-
000; Moore and Schley, 70,000; O. H.
Paine, 25,000 shares; Thomas F. Ryan,
25,000 shares; William C. Whitney, 25,-
000 shares; P. A. B. Widener, 25,000
shares.
INSPECTOR DID WRONG
TO ENTER CANFIELD’S.
It Is Held That He Violated the
Penal Code.
New York, Dec. 31.—Magistrate Brann
to-day handed down a decision that
Police Inspector Brooks had violated
section 120 of the penal code and had
exceeded his authority in forcibly en
tering Canfield’s alleged gambling
house on Dec. 1, 1902. The magistrate
held that Brooks must be held for trial
and must answer in the court of special
sessions.
The decision was the outcome of a
preliminary hearing in the
brought against the inspector for forci
bly entering Canfield's.
JOSEPH KINNEY DIES.
i
Another Joins the List of Victims of
the Turf Exchange Accident.
Hot Springs, Ark., Dec. 31—Joseph
Kinney, the third victim of the Turf
Exchange explosion in this city Christ
mas evening, died to-day from his in-
juries.
Almost every day facts come to fight
of additional injured, swelling the list
to more than sixty.
Two more victims are still in a se
rious condition. R. C. Chambers of
Canadian ra-ing circuit fame, is con
sidered to be out of danger.
EMIR OfTaNO*WILL BE
BROUGHT TO TERMS.
London, Dec. 31.—1n consequence of
the menacing attitude of the Emir of
Kano, a powerful Mohammedan ruler
or Northern Nigeria, who has placed
a price on the head of Capt. Abadle,
the British resident at Zarla, the Brit
ish government has decided on the im
mediate dispatch of a punitive expe
dition of 1,200 men belonging to the
West Xfrican frontier force.
The government has received news of
the death in October, last, of the Emir
of Sokoto, who had caused serious
trouble in the past.
SOLDIERS WERE ATTACKED*
MURDERED AND EATEN.
Brussels, Dec. 31.—The Congo ad
ministration has received word that
Lieut, de Magnese and his party, who
were In charge of Port Boni on the
frontier of Uganda, were attacked by a
cannibal tribe June 14, last, and that
the entire party was murdered and
eaten.
SAVANNAH. GA.. THURSDAY. JANUARY 1. 1903.
IT OPENS ITS ARMS
A GREAT CO-OPERATIVE PLAN HAS
BEEN FORMED
BY U. S. STEEL CORPORATION.
HUMBLEST WORKMAN MAY BE
COME A STOCKHOLDER.
Cireulurs Issued to the Stockholders
and to Oftieeri* and Employes
of Company —Plan Wns George
W. Perkins'—lt is Relieved That It
Will Operate to the Mutual Ad
vantage of the Present Stock
holders nutl Employes Who Take
Advantage of Opportunity.
New r York, Dec. 31. —In a double cir
cular, one to the stockholders and the
other to the officers and employes, the
United States Steel Corporation an
nounces its intention to inaugurate a
system whereby the humblest work
man on its roll may, if he desires, be
come a permanent stockholder and
share in the profits of the corpora
tion. .
The scheme is the result of months
of preparation by the Finance Com
mittee of the corporation, and the cir
culars are signed by George W. Per
kins, chairman. The plan is said to
have originated with Mr. Perkins.
The circular to the stockholders
points out the apparent advantage of
the plan, which was devised ‘'with
equal fairness to every man, from the
president of the steel corporation itself
to the man with pick and shovel,
working for one of the subsidiary com
panies.”
The circular goes on to say that at
this time there are about 55,000 stock
holders, who, it is believed, would feel
a greater sense of security in the cor
poration's earning power if they knew
that officers and managers generally
were willing to enter into a contract
by which part of their compensation
for services rendered shall be paid only
after the realization of $80,000,000 of
profits. This represents interest on
bonds, dividends on stocks and reserve
for sinking 1 funds.
Employes Into Classes.
The plan inviting officers and em
ployes to participate is divided into
two parts. Part one prescribes that
from the earnings of the corporation
during the year 1902 there will have
beeen set aside at least $2,000,000, and
as much more as it needed for the
purchase of at least 2;>,000 shares of
preferred stock, which will be offered
as follows to employes of the cor
poration and constituent companies:
At present the corporation and sub
sidiary companies employ about 168,-
000 men, whom it is proposed to divide
into these six classes: Class A will
include all those who receive salaries
of $20,000 a year or over; Class B will
include all those who receive salaries
of from SIO,OOO to $20,000 a year; Class
C will include all those who receive
salaries of from $5,000 to SIO,OOO a year;
Class D will include all those who re
ceive salaries of from $2,500 to $5,000 a
year; Class E will include all those
who receive salaries of from SBOO to
$2,500 a year; Class F. will include all
those who receive salaries of SBOO a
year or less.
The preferred stock wifi be offered
to any employe during January at
$82.50 per share (its closing price to
day was $85.87%.)
Employes can subscribe for an
amount of stock not exceeding the sum
represented by a certain percentage
of their annual salaries as shown in
this table:
Class B, 8 per cent.; Class C, 10 per
cent.; Class D, 12 per cent.; Class E,
15 per cent.; Class F, 20 per cent.
Provisions Thai Are Imposed.
In part 2 of the plan it is explained
that the corporation has been and is
now making changes in the salaries
of men occupying official or semi-of
ficial positions, and the directors have
approved these recommendations of
the Finance Committee;
Whenever $80,000,000 and less than
$90,000,000 is earned during 1903, 1 per
cent, shall be set aside; whenever $90,-
000,000 and less than $100,000,000 is earn
ed during 1903, 1.2 per cent, shall be set
aside; whenever $100,000,000 and less
than $110,000,000 is earned during 1903,
1.4 per cent, shall be set aside; when
ever $110,000,000 and less than $120,-
000,000 is earned during 1903, 1.6 per
cent, shall be set aside; whenever $120.-
000,000 and less than $130,000,000 is earn
ed during 1903, 1.8 per cent, shall be
set aside; whenever $130,000,000 and
less than $140,000,000 is earned during
1903, 2 per cent, shall be set aside:
whenever $140,000,000 and less than
$150,000,000 is earned during 1903, 2%
per cent, shall be set aside; whenever
$150,000,000 and less than $160,000,000 is
earned during 1903, 2% per cent, shall
be set aside.
Provisions that are Imposed.
The question of what constitutes
profits Is to be determined entirely
by the Finance Committee, members
of which, it is stated, will have no
interest in the profit sharing plan. If
$80,000,000 is earned in the coming year,
SBOO,OOO will be set aside, one-half to
be distributed in cash quarterly, the
other half to be reserved until the
end of the year, and invested in prefer
red stock, the stock thus purchased
to be divided, one-half to employes en
titled thereto, the other half to re
main with the treasurer of the corpar
tion. Each shareholder is to receive
a certificate of his Interest containing
these provisions:
First— I That if he remains continu
ously in the service of the corporation
or of one or another of its subsidiary
companies for five years, the stock
shall be delivered to him and he may
do as he likes with it.
Second—That if he dies or become to
tally and permanently disable while
in the employ of the corporation or
of one or another of its subsidiary com
panies, the stock will be delivered to
his estate or to him. .
Third—That he can draw the divi
dends declared on the stock while it is
held for his account and he remains
in the employ of the corporation or
of one or another of its subsidiary com
panies.
Fourth—That if without previous
consent voluntarily he shall have quit
ted the service of the corporation or
of one of its subsidiary companies, he
shall forfeit all right to this stock,
and in such case it will be held in a
fund, which at the end of five years,
will be divided among such employes
as shall have complied with all the
conditions.
Thus 23 per cent, of all the money
set aside in this profit-sharing plan
will be held for five years and will be
given to such only as at the end of
that period shall be in the employ of
the corporation or of one or another of
its subsidiary companies from and
sance Jan. 1, 1903.
High officials of the steel corpora
tion declined to-day to discuss the re
ported approaching retirement of Presi
dent Schwarb.
smugglersTftobacco.
New York’s Collector Snys They Ire
Organized.
New York, Dee. 31. —The Evening'
Post says to-day:
Nevada N. Stranahan, collector of
the port, from certain evidence in his
hands, believes that there is a reg
ularly organized gang of tobacco
smugglers engaged in bringing the leaf
into this country on the North Atlan
tic passenger liners. He is satisfied
that he knows the principals in the
illegal traffic, and he is preparing now
to close the nets around them and
arrest the ringleaders in the scheme
and as many of their tools and un
derlings as can be found.
In line with his plans to root out
the evil, many seizures of tohaeco
have been made recently. Mr. Strana
han said to-day: •
“Practically every month since I
have been in office seizures of smug
gled tobaccco have been made. Always
it has been Sumatra wrappers, on
which the duty is $1.85 a pound. Every
evidence points to an organized trade,
and. I am satisfied that I know the
men behind it. The stokers and sail
ors whom we have arrested and con
victed have had their fines paid in
every case.”
THE S. S. NEW ORLEANS
HAS A COLLISION.
Snvnnnali-Honntl Ship Crashed lata
the (nlily.
Baltimore, Dec. 31.—The steamer New
Orleans of the Merchants’ and Miners’
Transportation Company’s fleets crash
ed into the British tramp steamer
Caldy last night, while the latter ves
sel was lying at anchor in the Patap
sco river off Sparrow's Point. Both
steamers were badly damaged.
An immense hole was made in the
Caldy’s stern, which was torn loose
and her steering gear was damaged.
She was towed to Sparrow’s Point
to-day. The New Orleans, Capt. Peters,
had a triangular hole torn in her port
bow and a smaller hole knocked in
her starboard side.
The Caldy off quarantine
late yesterday from Benisaf, with a
cargo of iron ore. and anchored. The
New Orleans left here last night for
Savannah with a heavy cargo and a
few passengers. Her cargo was trans
ferred to the steamer Lexington, which
sailed to-day for Savannah. The Caldy
will probably be repaided at Sparrow’s
Point.
KILLED THE SECOND~MATE.
First Mate of American Ship In Jail
In Jamaica.
Kingston, Jamaica, Dec. 31.—Con
siderable excitement prevails at Savan
na la Mar. on the southwest coast of
this island, caused by the shooting there
yesterday of the Jamaican negro second
mate of the American brig Sunlight
by the first officer of that vessel. H.
G. Gardner of Maine.
According to the details which have
reached here trouble arose on board
the Sunlight over the color question,
and the crew left her and refused to
return. During the disturbance it
appears Gardner fired at the second
mate and probably fatally wounded
him.
A strong force of police was sent on
board the brig to arrest Gardner and
it was with difficult that he was over
powered and taken to jail. The police
were compelled to guard the building In
order to prevent native mobs from at
tacking it. The Sunlight was loading
logwood for Boston.
MAGNATES ARE CALLED.
To Testify as to a Son,hern Hallroail
Merger.
Frankfort, Ky.. Dec. 31.—T0 endeav
or to prove its charge of a Southern
railroad merger, made some months
ago before the Interstate Commerce
Commission by the Kentucky Railroad
Commission, the latter body has had
subpoenas served on leading financiers
of the country and on high officials of
the corporations alleged to have 'been
merged.
Prominent among those called to
appear before the Interstate Commerce
Commission in New York city on Jan.
15, next, the date set for hearing the
charge, are J. P. Morgan, G. W. Per
kins, John W. Gates, August Belmont,
Samuel Spencer, president of the
Southern Railway, and R. G. Erwin,
president of the Atlantic Coast Line
Company.
FOR CITY OWNERSHIP.
Grand Jury's Frrarntiurnt Against
Brooklyn Car Lines.
New York, Dec. 31.—The King's
county grand Jury made a presentment
to-day on traction facilities in Brook
lyn, recommending that steps be tak
en to annul the charters of the con
stituent companies of the Brooklyn
Rapid Transit Company and that the
city acquire and operate the surface
and elevated lines.
The presentment declares that con
ditions are intolerable and contains the
statement that the officials of the
Brooklyn Rapid Transit Company had
admitted that they could cure the evils,
but were unwilling to do so. The Jury
expresses the opinion that the roads
could be operated at a profit on a
three-cent fare basis.
FI RETOSS WAS $200,000.
Employes and Flreaien Had Yarrow
Escapes.
tNew York, Dec. 31.—Fire to-day did
amage to the amour* of $200,000 in
a seven-story building, Nos. 167 to 171
Wooster street, occupied by small fac
tories and printing establishments.
The occupants of the building, in
cluding many girls, had narrow es
capes and a number of firemen were
knocked down by an explosion in the
basement. The firemen were leaving
the scene, thinking they had the lire
extinguished, when it broke out again.
The second blaze caused the greater
part of the damage.
DECOYED TO MINES
MKX SWEAR THEY WERE KIDNAP
PED AND WORKED.
WAS AGAINST THEIR WILL.
NOW SLE THE ERIE ROAD AND A
COAL COMPANY.
Salts Are Brought hy Twenty-two
New York Men—Each Wants *.%<>,-
000 Itaiiingcs—Claim They Were
Decoyed to llohokeu—Were There
l.oeked in a Car and Taken to the
Mines—Compelled to Act ns Strike
Breakers anil Threatened With the
Strikers' Vengeance.
New York. Dec. 31. —Suits have been
brought by 22 residents of this city,
who claim that during the recent coal
strike they were decoyed to the mines
in Pennsylvania by agents of the Flrie
road *nd of the Pennsylvania Coal
Company. Damages for $50,000 each,
amounting to $1,100,000 in all, are sued
for, and the attorney for the plaintiffs
consulted with an assistant district at
torney to-day about bringing the mat
ter before the grand jury to be sworn
in next Monday.
The plaintiffs claim that under pre
tense of doing work for the railroad
and coal company, they were decoyed
to Hoboken, where they were loeked
in a car and carried against their will
to the coal regions in Pennsylvania and
compelled to act as “strike breakers”
under threats of being turned over to
the “fury of the miners.” The men
say they finally succeeded in making
their way back to the city, but de
clare that on their way home they
had narrow escapes from being mob
bed.
An officer of the Erip Railroad said
that no complaint had been served as
yet on the company. He said he had
no doubt that the companies would be
able to successfully defend any suits
that might be brought against them.
The company, said this officer, is al
ways extremely careful to explain to
the men the conditions under which
they are employed.
MUST PAY IN GOLD.
Chinn Will lie Told That Silver Will
Not Do.
Pekin, Dec. 31.—The ministers here
I of the foreign Powers have telegraphed
(their governments the refusal of China
to pay the international indemnity in
gold notes and have discussed the mat
ter among themselves. It is proposed
to inform the Chinese government
that failure to fulfil the obligations
provided in the protocol will entail
grave consequences.
Replying to inquiries from the lega
tions, the Foreign Office to-day admit
ted that there was some truth in the
reports of warlike preparations on the
part of Tung F*u Slang, although It
characterizes the stories of his move
ments as exaggerated. The Foreign
Office says the viceroys of the northern
provinces have sufficient troops to sub
due him. This latter statement, how
ever, is disbelieved. It is expected that
government troops will join Tung Fu
Siang in the event of his undertaking
a rebellion.
ERRANT LEOPOLD
niscnssc* His I,o* of Austrian Hon
ors for the Papers.
Montreux, Switzerland, Dec. 31.
Archduke Leopold Ferdinand, brother
of the Crown Princess of Saxony, in
an interview to-day, confirmed the re
port that Emperor Francis Joseph had
written to notify him that he had been
expelled from the army, deprived of
his pension, excluded from Austria and
ordered to become the subject of an
other country.
The Archduke said it was not true,
, however, that he had accepted all the
points advanced by the Emperor. He
declared that he had only accepted two
proposals, namely, his expulsion from
the armv and from the order of the
Golden Fleece.
BY fHE BnTOFA”TICK.
Mrs. Webb I.ost n Ilushnnd Rut Got
Insurance Money.
Memphis, Tenn., Dec. 31. —The suit
of the widow of Joe’l G. Webb, in the
Federal Court, known as the “tick
bite” case against two Insurance com
panies for *5,000 each, was compromised
to-day by the companies agreeing joint
ly to pay the sum of sfi,ooo.
Webh held accident policies for $5,-
000 each in two accident insurance com
panies. A little more than a year ago
Webb w r as bitten by a “tick” while at
his plantation In Arkansas. Blood
poison developed from the bite and
Webb died. The companies refused
to pay the policies, alleging that the
death had been a natural one.
CANNON AND TREASURE
Were t'nptnrcd From the Sultnn by
the Rebels In Morocco.
Tangier, Morocco, Dec. 31.—During the
recent battle with the government
forces the rebels captured twelve of
the Sultan’s cannon and his treasure
chests.
The Benider and surrounding tribes
are menacing Tetuan. The excitement
there is Intense. No further news has
been received here from Fez. The
couriers have been delayed by heavy
rains.
GERMANY ISCONTENT
To Act With France and England in
the Morocco Matter.
Madrid, Dec. 31.—Germany has noti
fied Spain that she Intends to observe
an attitude towards Morocco similar
to that of France and Great Britain.
All the powers are thus in accord with
Spain's desire to maintain the status
quo.
A dispatch received here from Ceuta,
Morocco, says that a Moor who was
under British protection has been mur
dered by Mind* hi I irntm T i mli i and
Tetuan. J
ROBERT BACON OUT.
Retires Iron. J. P. Morgan & Cos. and
Other Firms.
Now York, Dec. 31.—J. P. Morgan
& Cos., announce that Robert Bacon
has retired from the firm of J. P.
Morgan & Cos., Now York, Drexel &
Co* Philadelphia, and Morgan, Harjen
& Cos., Paris. Mr. Bacon, it is added,
retires temporarily from active busi
ness.
Shortly after the announcement J.
P. Morgan said:
"Mr. Baron retires on account of ill
health.”
Another member of the firm of J. P.
Morgan & Cos., said that Mr. Bacon’s
place would not be filled.
Mr. Bacon Is a director in the United
States Steel Corporation and has been
the Morgan representative as director
in a number of other corporations.
It was said Mr. Bacon would continue
to hold these positions and would at
tend to the business incident to them
so far as ills health permits. Reports
that Mr. Bacon’s outgoing had fol
lowed certain disagreements were of
ficially denied at the office of J. P.
Morgan it Cos., where it was said that
ill health was the sole cause. A mem
ber of the firm said the retirement of
Mr. Bacon was a matter of personal
regret to all ttie partners in J. P. Mor
gan & Cos.
WINDS OF THE SAHARA
Are t lie Testeil by Frenchmen
With Balloons.
Paris, Dec. 31.—Mm. Deßureaux and
Castillon de Saint Victor embarked at
Marseilles to-day for Tunis, where they
propose to send up two small balloons
for the purpose of ascertaining wheth
er the winds which prevail in winter
will carry airshipß across the sAhara
desert.
If tills experiment is successful the
two explorers propose to attempt to
cross the unexplored portion of the
desert in a balloon. This plan receives
the support of the French government,
which supplies the balloons. The air
ships to be used first are furnished with
automatic registering instruments and
carry requests written in several lan
guages, asking -the finders to return
thtjm to the authorities at Tunis.
Maj. Marehand of Fnshoda fame, Is
to meet the explorers at Gabes, at
which point the two balloons will be
sent off. i a .
INTO CIVIL COURTS.
Root Sny* ( Ini him of Church nnd
H*li lmiii Hunt Go.
Washington, Dec. 31. —Secretary Root,
by a decision just rendered, has prac
tically thrown into the hands of the
civil courts in the Philippines for de
cision, the controversy between the
two elements in the Catholic Church
in the islands, which has developed
into an actual schism.
The schismatics, under the leader
ship of a priest known by the nnme of
Aglipay, have retained possession of a
large amount of church property,
which is claimed by the Roman Cath
olic Church, and the latter appealed
to Gov. Taft to dispossess the schis
matics. The Governor held that, the
question was one for the adjustment
of the civil courts, and the case cants
to Washington in April. Secretary Root
has sustained Gov. Taft's views.
CA R N EGIEW! u 7 MA KE
A NEW YEAR PRESENT.
He Is to Give Yew Orleans *230.000
for a Library Iblllillng.
New Orleans, Dec. 31.—Andrew Carne
gie has given New Orleans $250,000 for a
New Year’s gift. The money Ih to be
devoted to a main library building
and three branches. The city is to
furnish the sites and pledge $25,000
a year for support.
The conditions will undoubtedly be
accepted and the city probably will
tear down the present library facing
the city hall as the site for the main
building. Prof. J. H. Dillard of Tulane
University, vice-president of the Lib
rary Board, was summoned to New
York to arrange the details.
WILL ADOPTYhE TREATY.
Caban Senate Wants tlie Reciproc
ity Measure.
Havana, Dec. 31.—United States
Minister Squlerß had a conference with
President Palma to-day regarding the
reciprocity treaty and its approval by
the Cuban Senate.
President Palma is quoted by La Dls
cuslon to-day as saying that Mr.
Squiers could ussure the American
government that the treaty would be
accepted without opposition. Only four
votes are doubtful and there are know r n
to be twenty votes in favor of the
treaty.
MET H ODISTS^HAVERAIS E D
OVER $20,000,000.
Springfield, Mass.. Dec. 31.—One of
the most impressive services ever held
here was that In Trinity Church to
night, when Dr. E. M. Mills, secretary
of the Twentieth Century Thanks Of
fering Committee, made the formal
announcement that the Methodists of
the .country had raised more than
$20,0(81,000 in response to the movement
inaugurated In Trinity Church by the
board of bishops four years ago.
Dr. Mills announced that $9,000,000
had been raised on church debts
throughout the country; $8,150,000 for
Methodist colleges and schools and
$2,760,000 for philanthropies and chari
ties; $600,000 had been raised for the
permanent fund for the conference
claimants and a little over $380,000 has
been raised to build church in desti
tute communities.
About one-twenty-fifth of the entire
amount has been give by Methodist
ministers’ sons.
YOYK BI T MEMBERS
Can Wear the linages ol the Kappa
Sigma Fraternity.
Pittsburg, Dec. 31.—After an ani
mated discussion on the question of
loaning the Greek letter badges to non
members. the grand chapter of Phi
Kappa Sigma in session here decided
adversely. I. Hartley Merrick of Phil
adelphia was re-elected grand alpha.
At the banquet to-night Charles S.
McNulty of Lexington, Va., responded
to the toast "The New Year and the
Fraternity,” and Alfred T. Levine of
Nashville, Tenn.. to the “New Chapter
and the Fraternity."
” PAIPY. J 8 A TEAR.
„ . t CENT'S A COPY.
WEEKLY T-TIM 89-A-WEEK.iI A YEAR
QUELP A MUTINY
OFFICER OF MARINES DISPLAYED
HIS COOLNESS.
TWO MUTINEERS GAVE IN
WHEN HE APPEALED TO THE Hi
COMMON SENSE.
Twelve Naval Prisoners Were on
Board a Sound Lino Steamer. Go
lag to Prison nt Boston—Two of
the Long-Term Prisoners Over
powered Their Gnnrds, Obtained
Their Weapons nnd Commenced a
Fusillade—Officer Told Them “Not
to Do Anything Foolish.*’
Boston, Dec. 31.—An officer of ma
rines quelled an incipient mutiny in
which two naval prisoners were the
chief aotnrs on board the Sound Line
steamer Plymouth, during last night.
On board were twelve general court
martial prisoners who were being taken
from the Brooklyn navy yard to the
naval prison to serve out their terms.
An escort of marines accompanied the
men.
Two of the long term prisoners were
unshackled and sent below in charge
of two marines. These prisoners dis
armed their guards of their revolvers
and began a general fusillade. The of
ficer in charge appeared, only to be
confronted by one of the men with a
drawn revolver. The officer said:
“Now, don’t do anything foolish,’*
and his word had the effect of bringing
the unruly men into submission. The
men were reshackled. Ten shots in all
were fired. The prisoners were landed
at Fail River and brought here by
train to-day.
GOOD FAILURE RECORD.
South Docs Not Show I p ns Well an
Other Sections.
New York, Dec. 31.—In'spite of some
crop shortages, added to record-break
ing strikes and reduced foreign trade,
Bradstreet’s Jan. 3, will report that
the failure record for the past year is
on the whole a favorable one. In only
one section, the South, was there an
increase of casualties over the record
of 1901, and in only two, the South
and Central West, was there an in
crease of liabilities.
During the year there were reported
9,971 commercial failures, with liabili
ties of $105,693,623 and assets of $50,-
870,800, a decrease in number of fail
ures of 5.5 and 7 per cent, are shown,
but comparisons with prior years are
markedly in favor of 1902. In liabili
ties an even better showing is made,
those for 1902 being the smallest re
ported for twenty years. While the
proportion of assets to liabilities was
48 per cent, in 1902, as against 46.9 In
1901 and 47.2 in 1900, it is lower than
in any preceding year since 1885.
With two exceptions, the number of
failures was the smallest in fourteen
years, despite the fact that the num
ber of concers in business is growing
steadily, the Increase since 1892 ag
gregating 19 per cent. The annual
’’death rate” is shown to be only .80
in 1902, against .88 in 1901, and 85,
hitherto the lowest records made, in
1900, and 1899.
DEATH OF WESSEL.
Wns Dne to Fatty Degeneration of
the Heart.
New York, Dec. 31.—Coroner’s Phy
sician O’Hanlon performed an autopsy
to-day on the body of Charles Wessel,
the metallurgist, who dropped dead
Tuesday evening in an elevated train.
Dr. O’Hanlon reported to Coroner
Jackson that the death of Mr. Wessel,
who was affleted with fatty degener
ation of the heart, was "probably in
duced by great excitement or unusual
physical exercise."
Coroner Jackson said after receiving
the report:
“If I cun find any witnesses who will
testify that Mr. Wessel was unduly
shoved or pushed about on the station
platform or in the car where he died,
I shall hold the Manhattan Railway
Company responsible.”
FIXED THE YUSGLEICH.
Austria and Hungary Have Come to
Terms I eon It.
Vienna, Dec. 31. —After a protracted
conference Dr. Von Koerber, the Aus
trian premier, and Coleman de Szell,
the Hungarian ’premier, surmounted
the difficulties in the wav of reaching
an understanding with regard to the
Ausgleich this evening, and it was then
announced that the premiers ha 4
agreed to compromise the Ausgleich
difficulty.
The Ausgleich is the customs union
and fiscal agreement between Austria
and Hungary. The terms of the com
promise have not been announced. It
Is reported that Hungary was victori
ous, Dr. Von Koerber having been
forced to yield to M. de Szell’s de
mands.
WILL SERVE* SENTENCE.
t
Chicago, Dec. 31.—Edward S. Dryer,
former banker and treasurer of the
West Park board, was taken to Joliet
to-day to begin a long-delayed sen
tence for withholding $316,000 of park
funds Nearly four years have passed
since Dreyer’s conviction, during which
time he has been incarcerated in the
county Jail awaiting the results of ef
forts looking toward his release.
RAISES THiIR WAGES.
New York, Dec. 31.—The Metropoli
tan Street Railway has announced an
increase in the wages of its motor
men and conductors. The pay of the
men will be regulated by their terms
of service. The management of the
road claims the new scale will be high
er than that of any similar corpora
tion in the country.
BOERS FIGHT FOR ENGLAND.
Cape Town, Dec. 3L —A detachment
of one hundred Boers, who have vol
unteered for military service in Soma
liland, sails from here next week.