r tmwuWV'' if tf hfvij) '"dw: THE SCKAiNTON TIUBUJNJL WEDNESDAY, DECEMBER 20, 1899. Published Dally. Kxcpt Sundny. by Th rlbund PuliTlRTilntr Company, at Fifty ents a Month. New York Offlco! 150 NfUfinu Bt.. S. S. VREBI.AND, Bolo Agent for Foreign Advertlslnif. Intrrcd at tho PoMofflcn nt Scranton. Pa., nn Bcccnd-Clais Moll Matter. When ppneo will permit, The Tribune i always Rlail to print short letters from ts friends lictirltiK n current topics, but ts rulo Is Hint Uipxo must be pinned, for mbllentlon, by the writer's real nnme; Jiil the condition precedent to acceptance that nil contributions of whatever laturc and bv whomsoever sent shall be Mbjcct to editorial revision. TWELVE PAGES. SCUANTOX, DECEMBER 20, 1S09. Henry W. I.awton, nil thlntjs con rtdered, was probably the ablest flRlit iik general In tho United states army. Io was blf? of stnturc, big of Krlt and tier of brain anfl-heart. The bullet that aid him low accomplished the greatest Imcrlcnn loss since the destruction of 3ic Mji Inc. Wall Street's Flurry. OUT OP THE multitude of reasons given for Monday's panic on Wnll street two may be selected as deserving if consideration apart. They entered (specially Into the suspension of the Produce Exchange Trust company and perhaps largely Influenced some of the Hher pinches. The 111 st and greater of these was tho belief that considerable Inflation had taken place In the securities of some Of the big Industrial combinations or "trusts" lately formed. Tho letter oC Edwin Ootlld explaining his position as i director of the suspended trust com pany brought out clearly his belief that In Issuing syndicate loans to an amount llmost equal to capltnl nnd surplus the trust company had skated on thin Ice. It had paid out good money In return Tor paper which might or might not In it time of emergency, show tip well as Security; the speculative element had entered Into the transaction to a de gree deemed unsafe by him nnd It would seem that his Judgment stands vindicated by events. The lesson in this unfortunate Incident has wide spread application. The second reason has to do with tin pxreptton.il power of the Clearing House association. This power, toward the last, was put forth In rescue of the market. But did It, before that, consciously or unconsciously, help to bring on n crash? As bearing upon this question we quote from the New York Sun's nccount of the Produce Ex change Trust company's suspension: One of the most trus-tcd employes of the company, who has known all about the condition of the concern fiom Its or ganization, told a Sun repot tor i'Mtoril.i thut It was, in his opinion, doubtful It the company could have continued to do bus-hui-s for a great IuiRth of time In the face of the ho&tlllty of the clearing 1ioum hanks. He .s. Id tnat the company had made u mistake In resigning fioin tho dealing house association nnd in fighting the policy of the association of charging for the collection of out-of-town checks. When the clearing house, about July 1, decided to make this charge, the Trust company resigned from the asso ciation und advertised extensively all over the cointry lli.it It would collect out-of-town checks freo of charge. This brought ii largo uinnunt of out-of-town business- to the Tmst company, but It also brc light the ill-will of tho clearing house banks. This hostility. It was said, was not felt by the Trust company ui'tll holders of Its stock tried to borrcw money on tho stock as collateral. H was said that as often as tho slock wrs nffcied au collateral for a loan ill a clearing houso bank tho collateral wu.s icfuscd. This soon became known In Wall street and led to tho first rumors reflecting upon the company's stability. Of course, this statement may be lilased, and there Is the further possi bility that the clearing house banks were entirely justified In refusing col lateral about which there may have existed, to the banks' Knowledge, rea sonable doubts. From this distance we cannot determine these points. Hut If the foregoing statement is true and if the collateral offered and refused was good; in other words, if the clearing house association used its power delib erately with a view to compelling out side banks or trust companies to con form to Its practice in respect to charg ing for tho collection of out-of-town checks, then a situation exists which npparcntly calls for attentive consid eration. The public la not prepared to suffer artificial dlstuibanee of its busi ness relations because of a, row be tween banks, and It may yet insist on stronger safeguards If it shall appear that these aro needed. As to the panic In general, it denoted nothing alarming to substantial indus try or commerce, but rather a mere vent to overspeculatlon. The man who keeps out of stock gambling need not, on account of it, waste a wIiik of sleep. Rrqtlier AVnnnmaUer lias Just pi eaChed another of his characteilstlo funeral sermons ovrr Colonel Quay's poUjieul corpse, and fltlll ho doesn't aeeni.to be real sure that the old man wllfe'tny dead. For the Boer Wounded. jd HAVE received from George "W. Van Slclen, esq., of HI Broadway, . New York city, the copy of an appeal to the American people for contributions to aid the widows nnl orphShs of tho Hders. Accompanying It isliln address. to tho public made by a cojnmlttee of Cape Colony Africand ers, wj)lch sets forth that although tliraa Ulnsrflen of the Boers, being British BUbJ?ls, will preserve neutrality so far 'pp actual fighting is concerned, they, jeel Justified in promoting the re lief of those men of Dutch descent win wlll'die wounded or mutilated on tha fleldnf battle nnd of wives and chil dren, who will be robbed of their only suppdrt In life by sword or bullet. It '15 not possible for us to ngreo wlthJ-Mr. Van Slclon's views as to tho merits Involved In this cruol South African war, but there can bo no dU senno the proposition that tho wound ed and the dependent on the Boor slda dosurvu tho best olllcos of civilization. They deserve It nil tho more becauso the Hjierp as a, class aro poor and have, ns In the rnsrof "England, no vimf re fcerves upon which to draw In the re- w lief or tholr sufCerlns ones. They aro risking their nil In defctme of what they consider to bo their Just rights; they nro conscientious and Uod-fearlut? above the ordinary, nnd tho sympathy ivhleli their pluck nnd vnlor have vol V Rcnei-nlty excited may properly tnUn expression In Renerous contributions for the purposes nbove Indicated. Address nil stuns to Mr. Van Slclcn nt HI Uroadwny. The Christinas number of the Scran ton Truth lins Ions been considered nn event of Prrantnn Journnllsm nnd tho twonty-olRht-pnKo Issue of last even Intr fully sustains the-tnidltions. It U equally senerous In seasonable litera ture nnd In holiday announcements, nnd It reflects credit upon Its enter prising; publishers. Wlint to Do with Trusts. N THE LAST Issue of tho Engl glneerlng News nonenred nn in teresting nrtlcle from the nen of tho editor of that Journal, Mr. Charles Whlttipy Baker, In nnwrr t fho question, "What Shall We Do with the Trusts?" Ten years ngo Mr. B titer took up as n pastime study of the problem, Is competition tho life of trade? nnd wrote n book, "Monopolies and the People," embodying the de ductions to which his studies led him. Tills hook line recently been reissued In revised form nnd the article above men tl .nod constitutes a kind of r-innlng digest of It. "There need bo no longer," sny Mr. 3nker. "the shadow of a doubt that the tt lists nro with us to stay. Th fac tory system of production, the ra'Vay, the department fitore these nnd n hun dred other outgrov ths of this century, have created a new economic system, and one In which free competition, the panacea of the old school of political economists, can no longer apply. It fol lows from this that tho policy of re pression cannot solve the trust pro blem. Statute laws can no more create nnew the davfl of fiee and universal competition than they can abolish tho railway, the cotton mill and the elec tric light." The question, our author thinks, is one of Intelligent regulation. On. this point he says: "Under the old system of free com petition, prices were reguhited by tho law of supply and demand. When there Is only one source of supply, how ever, throe who control It can fix prices to suit their own pleasure, and can base them on 'what the trafllc will bear,' to use the common phrase. In this way they may teeelvo a compensation far greater than that to which they aro equitably entitled, The disappearance of competition In many branches of In dustry Is a matter of deep concern to every man. Freedom and independ ence are sacred words to Americans; but economic freedom and economic In dependence of the individual cannot exist If monopolies are nllowed to carry on their operations without hindrance nnd tnx the public at their pleasure. Evidently, the only agency which has the power to intervene to pi event this is the government; nnd it is now clear ly established in nil civilized countries, that in every case where the existence of a monopoly is proved, it Is both the right and the duty of the government to intervene, either for the suppression of the monoply or for its supervision and control." In the matter of the trusts, if it should be decided to subject them to government control to prevent the evils of discrimination, oppression of their employes, and exoibitunt charges to the public for their products, In what form can that control be exer cised without transgression of the rights of tho trust owners, but with ef fective protection to tho public? Mr. Baker's answer to this question is a somewhat radical one; he holds that the time haa come when the .state must control some of these great monopolies from the inside, through direct repre sentation upon the boards of directors. "The legal light of the state or the na tion to do this," he adds, "seems en tirely clear. A corporation is an arti ficial person, created by process of law, and subject in every respect to the re strictions and regulations of the power that created It. We have engaged in a great experiment in pel mining the unlimited formation of corporations to conduct business of any and every sort. The experiment has brought large benefits, but it has brought seri ous evils as well. It Is entirely within the power of the state to take steps for the reform of these evils by the Im position of any nnd every restriction upon corporations that may seem best. It Is ndmitted on all hands that the tiusts and all monopolies have duties to tho public. Their managers aro as much bound to observe these duties ns they are to protect the Interests of their own stockholders. Then why should not tho public have a direct voice in the management?" The readiest answer, of coirse, would be that such public representation, lin ing Mdltlcal in origin, wou'd prob ably bo corrupt. But Mr. Baker re plies: "Let us fully realize tno fact that the public must tmst somebody. All these great Industries must be car lied on by men to whom must be grant ed powers greater than those possessed by many a prince of feudal days. We have gone far past the days of Indi vidual ownership nnd control of tho great Industries of modern life. Our railway presidents nnd managers, tho men In 'charge of the gieat manufac turing consolidations, and many other like captains of industry do not own tho properties in their charge. They nro simply trustees for the actual own err. Tho whole edlflco of modern in dustry and commeico has for Its corner-stone fidelity to trusts reuostd. Without this every wheel would btop. It ought to be ns easy to find honest trustees to protect public Interests as Drlvate." The experiment of public representa tion on boards of directors of water, light nnd traction companies would be well worth trying. It would give the public at least the pleasuro of imagin ing that It had tho chanco to know what. was going on behind tho curtains of these monopolies. The Southern cotton planters havo been aroused on the subject of expans ion and tho political doom of states men from cotton-growing districts who oppose tho president's Philippine policy will bo swift. The Southern cot ton growers desire a more extended market and they realize better than any one else that there aro no localities so promising ns the tropical countries where tho demand for cotton fabrics must follow the march of civilization that induces the nntlvcs tu wear clothes. The Atkinson colporteur will do well to avoid cotton-growing dis tricts In his mission of shaping public opinion, The Arclib.ild Citizen's Chrltmas edition nppenrcd on Saturday last and embraced twelve pages filled with in teresting reading matter nnd tho holi day, announcements of ninny mer chants up and down the valley. It Is a commonable number in every respect and one In which the residents of Archbald should take pride. Unmarried working women of Boston have Inaugurated a crusade against married competition. As the culture of the Hub hns a tendency to cause a, large excess of spinsters, It is easy to anticipate tho finish of the women who fall to take advantage of the divorce courts. The easy manner In which Philadel phia scooped In the Hcpubllcnn conven tion may bo tnkc-n as an Indication that the Quaker City Is not addicted to slumber to tho extent that many would have us believe. Senator Bacon's resolution to treat the Filipinos as the Cubans Is premn tuie. Let the bridges of the future be crossed when they shall bo reached. The present has troubles enough of its own. General Buller's experience, like that of some otheis, illustrates tho mis fortune of having a fighting title at tached to one in times of peace TOLD BY THE STARS. Daily Horoscope Drawn by AJncchus, The Tribune Astrologer. Astrolubo Cast: 4 OS a. m.. for Wcdnes-. di.y, December 20, 1S39. & A child born on this day will notice that successful people do not allow hope to get too fnr In advance ot hustlo in tho jiicu lor luriur.e. The Individual who attempts to attract attention from ills own misdeeds by en deavoring to smirch the teputatJon of another, seldom falls to stumblo Into tho lays; of tho searchlight. The averago member of the New En? land society Is working up a Plymouth rack num-tlte. The faculty of stealing tho ideas of others is often more pro'ltablo than real talent. Observing people contend that wealth Is Just a.s llablo to bring happiness as is poverty. Individual Horoscope. A. Sympit Tiilzcr The position of Taurus in the the dog star Indicates that j,ou aro a deep thinker and a, person (f rate discernment with several thinks coming. You nro fitted by nature to oc cupations requiring keen powers of ob-s-eivatlou and tho ability to criticise. In fact you would probably succeed in al most any Intellectual pursuit. You should, however, try and break yourself of tho liablt of writing annonymous let ters. Neei get behind n. fence when making a suggestion. It Is opt to destroy the effect of Rood advice. You should tivold wearing hats that retard tho growth of tho skull over tho eyebrows. SOMEBODY'S BABY. Written for Tho Tribune. Two beautiful eyes of softest brown, Whence a pure, sweet soul looks out; Two witching dimples on either side Of tho cherub rosc-bud mouth. Golden hair like a halo grown O'er the graceful baby head, A princely spirit breaking forth In the proud and sturdy tread. Ho trustingly looks Into eyes above, His father's his priest, his star And I envy tho man who claims that child That I saw last night In tho car. Itoso VanB. Spcccc. flu UfUl (O TIT Aid Iress Goods For the Holiday Trade China Silks, new bright colors Bright Roman Stripe Satin 39c Fancy Silks for Waists, very best quality 75c Black Spot and Brocade Taffeta Silks, fine goods, 24 inches wide, will wear 6Pc High Class Silks in checks and plaids 59c Elegant new assortment of Silks and Satins for Fine Dresses and Waists. Peau de Soie, 21 inches wide 79c Peau de Soie, 24 inches wide, soft and pliable.. 95c Satin Duchesse Pure Silk, 22 inches wide 75c Satin Duchesse Pure Silk, 27 inches wide 95c Haskell's Black Silks, guaranteed, from $1 to $2 DRESS GOODS. Fine Black Crepons 75c Very Fine Black Crepons $3.25 Highest Grade Black Crepons 3.75 Fine Assortments of Armures, Plaids, Cheviots, etc., very desirable, at 75c New Lines of Black and Colored Whipcords, Pebbles, Cheviots, etc., from 50c to $2 A New Fabric Worsted Granite in black, royal, dahlia, russet and myrtle. 45 inches wide 75c HEARS & 415-417 Lackawanna Avenue. PERSONALITIES. General Lawton, In n recent interviow, declared himself a total abstainer. Professor Cloorgo T. Ixidd, of Yale, has received from tho Japaneso emperor the thlrd-clnss decoration of tho Order ot tho ltlslug Hun. lit rmnnyia last veteran of tho "Fries hellsklug" tiRiilnst Napoleon has Just died at the age of lol nt Wolgust, In l'omcr aula. Ills name was Schmidt. George Tilteh, the pioneer millionaire who died In Denver recently, first enmo to that city In a wagon which contained all his world's goods and n mining out- lit. Tho Khedlvo of Egypt, whoso salary Is 30,000 a year, complains that tho sum Is not sulllclent to meet his household expenses, and he will havo to dismiss Borne of his wives. Captain Andrew Tnlntcr, the million aire pioneer Wisconsin lumberman who died nt Hlco hake this week, went West nlono nt the nge of IS and began work In a sawmill at M a mouth. Senator Mason says that a young friend of his in tho Chicago public schools re cently remarked to him: "Tho way they keep changln' things theso days I know more 'bout Joggafy than the Joggafy it self." The assignment of Hear Admiral Samp son to the Boston navy yard wilt net him a total of JT.T'Jj per annum, counting Fhoro duty pay and allowances. Admiral Schley, at son, without perquisites, will iccelvo $7,M0. Mrs. Susan Eleanor Andrews, of Ne vada City, Nev., Is said to bo a great grandchild of ltobert Burns. She claims to be the dnushter of Elizabeth Burns, who wns tho child of ltobert, one of tho bciis ot the poet. J. P. Pence, of I.aRrnng, Mo., Is the oldest school teacher in his state. For moro than half a century ho has taught in the country public schools of Missou ri, beginning his long course of service In the fall of ISIS. Frederick C. Penfleld, for four years consul general of the United States nt Cairo, Egypt, says tlat when Great Bri tain gains control of the Transvaal the railway northward from the Cape will bo extended to Cairo. There arc women physicians who count their Income In thousand!', and one lady practicing In the West End of London earns $20,0u0 n year. Miss Annie Ilom berger, ot Philadelphia, has a practice worth $0,000 a year, and she Is one of many who earn ns much. Tho Earle of Alrlle, who, as command Ing ofllcer of the Twelfth Lancers, has been ordered to South Africa with his regiment, Is a wealthy nobleman who prefers tho active life of tho soldier to the easy existence to which his money and social station entitle him. Prince Henry, of Prussia, the younster brother of tho Emperor William, who for some months has been In command of tho German squadron cm tho Asiatic sta tion, Is coming to San Francisco this fall on his flagship, with the purpose of cross Ing tho continent and calling upon Presi dent McKlnley. The first lady doctor In the world was an American woman Miss Elizabeth Blackwell. who was enrolled ns a physi cian In tho Medical Iteglster of Jan. 1, 1S4H. Ono of America's most noted lady doctors, Mario E. Zakizewskiv, was a na tive of Berlin, but she had to leave tho German capital In consequence of tho strong prejudice aroused against her. Justin McCarthy's sight continues to improve, but he Is not yet allowed to try It with reading and writing. Ho is con stantly engaged in literary work, how ever, dictating his copy to a secretary, nnd being lead to for a certain time every day. He Is employing his pen on fiction Just nt present, having engaged to do three of his charming short stoiies for various Christmas numbers. A very charming little woman Is Tama, tho Jaraneso wlfo of Sir Edward Arnold. She has somewhat the air of a Pa rlslenne, but mingled with It all Is the dainty grace peculiar to the gentle wo manhood of the land of flowers. Lady Arnold speaks her husband's native tonguo with fluency, If with a foreign accent, and her English letters show how wonderfully she has been nble to adapt herself to the English mode ot thought nnd expression. Lmtlher Keller L1HE, CEMENT, SEWER PIPE, Etc. Vnrd and O.'Iloa West Lackawanna Ave., SCRANTON, PA. for fancy work 25c o N IllLmjlC Merccreai PHfl Si UUIjWUI. Sixers No. 130 Wyoming Aveauc. r Our Thirty-fourth Year. A GRAND CfMistma Display Fiee Diamoeds, Rich Jewelry, - Watches of the reliable sort from $2.50 to $150.00. Sterling Silver Wares, Sterling Silver Novelties, Clocks, Etc. Our prices are at the bottom. 'Qur guarantee is perfect. Hill & Connell's Christmas Fnnrinifltere The largest stock to select Jrom of Writing Desks. Dressing Tables. Toilet Tables. Clicval Glasses. Parlor Cabinets. Music Cnbincts. Curio Cabinets. Ilook Cases. Waste Baskets. Lounges. Work Tables. Easy Chairs. Gilt Chairs. Inlaid Chairs. Rockers. Shaving Stands. Pedestals. Jardinieres. And novelties in PICTURES. All marked in plain figures. A fine selection for early callers. Hill & Cornell 121 N. "Washington Ave., Scranton, P.i. Heating Stoves, RaogeSo Fimreaces, Tfloimigc GIMSIER k FORSYTE 825-327 PKNN AVENUE. The Hyot & CoooeM Coo Heating, Plumbing, Gas Fitting, Electric Light Wiring, Gas an Electric Fixtures, Builders Hardware. 04 Lactoara AveuiK IS YOUR IIOUSH VACANT? IF SO. THY A "FOH RENT" AD. IN THE TRIHUNE. ONE CENT A WORD. 3, o o o BARGAINS IN EYHYTIEIK, itoee RflogSc CHRISTMAS IMSENIS AT TH OS. KELLY'S FURNITURE STORES 131-133 Franklin Avenue. Never before liavo wo been able to offer such a variety of coods In our lines sult aliln for presents. Latest iIcsIriih, ex quisite llnlsli, newest covering In riatlor Koods. Fancy rockers nnd endless variety of other good at lowest prices. Cash or credit, at THOS. KELLY'S STORES 131 and 133 Franklin Avenue. HENRY BEL1N, JR., tieneral Accntror tlia Wyomluj Uis.nct : iiluliiE, lllnstlns, Sporting. HiiioUaltiM uiid lua Itep.uiuo Uuo.uic.i. HM EXPLOSIVES. tulety huc Cnpi nnd Kplo-tal Uooin 101 (JniiuoU IJ.lilini;. AUKNCttii TIIOS. FOrtD. - - - Plttstoa JOHN 13. SMITH & SON, - Plymouth. V. E. MULLIGAN. - Vilkes-lln rre. YJt t-Jj'.!f tf-tjfJl WITTS POIDER. $lfw 'SiMSmJ j J1& A young man whoe liome ii In East 76th street, New York City, has a consider able acquaintance among ciedical students and hospital doctors. Almost every morn ing, when tiding down town to business on the Third Avenue Cable Koad. he meets one or more of his professional friends, and this h.is happened so often thut the con ductors, knowing him and his associates by sight, have come to address him as Doctor. One morning not long ago the conductor approached our friend and said : " Doctor, I have been troubled so much with dyspepsia that I hai cn't been able to eat a square meal in two d.iys and am nearly de.id. Vht shall I talte?" The man addressed put his hand in his pocket and, taking out a carton of Hipans Tabulcs, replied . " Here, take these, and when you use them buy some more at the druggist's. A week later the same conductor, while collecting Ins fare, said . " I used lliobe Tabulcs on gave me, and then bought some more at the druggist's. They fixed me up all fight. I Lave no more dyspepsia, and I can eat without getting sick," A new itjl9 rckt t rnntalnlpa Tri tifani TAsn.i x'l n patr rarton (without f!) U boi. for Hie at on drufcatnrt'ii rH 7iv. ckmth. ili alow j iltwl nirt If InttndM for II. loor nod tha uxnoinlca.l. Uoedaaam pf ihnn.e-oratdtrtoniOMUbuleaitoiTi twliadb? mill by tviullntf (crtjr .ighi crotaloiL lurma Onjuacu, Cenrtkii !o. 19 ouruio Mnu, Stew Icrk r uu;l iwtoa uu iiiiuii wilt bo wut lor Sn mu. FINLEY' Fame Laces Like fine pai t ings and fine jewels, are pleasant to look upon and give joy to the possessor. We have added this week to our stock of Laces some elegant Real Eeimaissaice Lacs Eoks, In Black and Cream. ALSO Renaissance Lace aM liclesse Laces s Etc, Etc, And our usual un approachable stock of Eime Housekeeping Linens 510 and 512 LACKAWANNA AVENUE OPCN EVENINGS UNTIL CIlItlSTMAS, Holiday Goods o o Calendars, Booklets, Bibles, Prayer Books. Gold Pens, Gold Hnk Stands, Leather Card Cases, Fountain Pens. Music Rolls; Pictures, Pocketbooks, Traveling Cases, Bill Books, Opera Bags, Typewriters, and a Handsome Assort ment of 1900 Diaries 3n fancy bindings, suit-., able for Christmas Gifts.. Reynolds Bros Office Supplies Our Specialty. 13P Wyoming Ave HOTEL JEKSIVN.