iiiww THE SCftANTOX TRIBrXE-TUESDAY, MAY 1, 1000. M I THE DYING CENTURY PASSED IN RfcVlEW GROWTH OF TRANSPORTATION AND ITS ARTS. Telegraph, Cable, Telephone and Pos tal Serrlce Have Accompanied the Great Enterprises Which Have An nlhllated the World's Distances. from ChlctKO Tinwllertld Transportation, ns represented In the beautiful building and exhibits at the world's fair In Chicago, may be considered the wonder of tho centui.v Aside from nil thnt the term Implies In maklns the circumnavigation of the trlobp a mBtter of weeks Initenci of years, It has drawn to Itself ihe elejjraph, tho cable, the telephone and the postofTlec ncrlre of tlio postal union- each a sublime wonder In It self Without the telegraph or the telephone, modern railroading In Its rolos'al proportions would hae been impossible, without tho rMlrond thn other two would loje a vast measure of their utility. One has waited upon the other, coming when time was ripe nnd demonstrating the iCsourrofulncFs of the human race In anticipating Its needs. Even jo latn as the 'EOs Liverpool to New York was an undertaking, and New York to San Francisco ap pealed onlj to one whose l erklessnosB was In proportion of Ms love of nd- enture. Toda the passage of the Atlnntlc Is a pleasure trip In swlft lloatlng pilaccs. and New Tork and .San Francisco are four days apart In luxurious ease and comfort FROM FULTON AND STHPHENSON Fu'tonY stcambcat. In Its first trip from New Vork to Albany In 107, and Stephenron's locomotive, In Its run from Liverpool to Manchester In HJ'J, were prophetic of all this, the rcallzi tton of 't Is a world's, wonder. The paddle-r. lieel of tho steamer has be come thf twin screw of the ocean grey hound inu tho old wool-burning loco motive, vlth a speed of fifteen miles an hour, has be:onn the 1.10-ton ma chine which ho.ids tho tianscontlnen tal mall In Its mllr-n-mlmite flight fiom Ne v York to Pan Francisco. Tt has Iwi'ii utilltntl.in all of it. The winced ships of the seas are decadent nnd the poctiy of the argosies Is for gotten The "tramp ' steamers huge, rusty and ungainly luio taken the world's rommucH and the going down to the roa In ships has lost Its ro mance On land the brave old coach ing daj with four and six In hand, rt.-o onde.l. The turnpike of tho East Is gatelosr and the pony express of tho x.ostorn wilderness has Joined with the wrulths of the mirage. Steam, l.ilstent and persistent, has been the iconoclast of the century, and Its tiacK ii oei all with an Iron heel. Since tho Introduction of steam In O'oan traflic morses have como to American merchantmen In ocean trade Thoy no longer raro the palm for shipping, but the census of neat ly ten ytars ago showed 3,464 steam ers to ho In the United States carry Irg trade with 1,007.655 tons capacity nnd valued at JSO.080,995. In strong relief against these are the figures for tho gttat lakes, showing a total of 1 151 steam vessels, with 523,702 tons capacity and valued at $48,454,350. LINKING THE OCEANS Perhaps no ear in nil this peilod Is so slgninrant as was 1S60. On tho 10th of Ma tho last spike In the Union racllle nlhvav was driven, and on Nocmb(.i 1G tollowlng the gieat Suez can ll was opened to tho world's marl time trade The one cut months from the long o ci land tt lp from tho Mis. sourl rlvei to the Paclllc, the other shortened the trip from western En lope to India b neaily 4,000 miles and loppod thliti-slx days from tho over age sailing time. Tho Red sea. In which the hosts of Pharoah weie engulfed, 1j tut b the keel of the modern mer chantman, while Palestine of tho an cients Is eiossed to tho steel rails of the Occident and Ameilean locomo tles tumble Into Jeiusalem and Da mascus The n.iltlmoie and Ohio railroad, fourteen miles long, wus the pioneer icnture in America In 1X30 From this the network grew, each rail pointing west with the certainty of the com pass needle. Gold In California nnd the rapid settlement of the Pacific onast became a later Impulse to rail way building. The Pacific railway was agitated as caily as 1S53, but ten ears olnpsed before work was begun from Omaha westward to Ogden, a stretch of I.OiJ miles From Ogden to San rranolsco, nearly 900 miles, the Cen tn Pacific division was projected oer an almost ttackless waste of cacti and country, carrlng for the ear G0!,KS. 525 passengers and S$,385,U8 tons of freight. Within tho last two decades tracks, rolling Htoxk. stations 'and tetmlnal properties of these great systems have been Improved In character until thn railroad business of tho United States reptescnts one of Its most colossal a sets. For almost every mile of ttackaga In this Intricate system of steel rails the telegraph wlie Is an accompani ment. Professor Samuel F. P. Mors was the founder of the system, and from tho United States tho telegraphic service of the world has grown to nearly 700,000 miles of wires. For tho ocean cable the world also is Indebted to tho United States To the energy of Cyrus W. Field Is due the first telegraphic communication be tween England and America. His at tempts In 1857 were fallutes, but one J ear later a line was laid that proved a short-lived success. The principle was established, however, and since 1866 thirteen cables have been laid and are operating under the Atlantic, To day there Is scarcely a spot on the map that cannot bo reached by cable flash from the centers of the world's activities. In a recent lepoit from the I'nlted States bureau Is this striking paragraph "The submatlno telegraphs of the world number 1,500; their aggrogite length Is 170,000 miles: their total cost Is estimated at $.230,000,000, and the number of messages annually tians mlttcd over them 6,000,000 A4 the fjrand divisions of the earthaio now connected bv their wires and from country to cotinti) and Island to Isl and the thoughts and words of man kind ate Instantaneously transmitted Iteneath all oceans save the Pacific the unlvcrs-vl language which this system has created flows unlntenuptedlv. and man talks as face to faco with his follow man at the antipodes Darkest Africa now converses dalij with en lightened Europe or America, and the great events of the moinlng are known In the evening throughout the inhabit ed woild. Adding to tnc suhmaiine lines tho land-telegraph systems bv which thev ate connected and thiough which thoy bring Interior points of the various continents Into Instantaneous communication, tho total length of tel egraph lines of the world Is S"i5,000 miles, the length of their single wires or conduc'ois 3,500.000 miles, and the total number of messages annually sent over them .165 000 000, or an avei ago of 1,000,000 messages each day," IMPETUS TO FOREIGN TRADE Tho significance of those figuies is shown In the same report, lecountlng that in 1866. when the first cable line was operated between the United States and Km ope, "our commerce with Europe amounted to $652.232,JS9, in 1876, to $7:8,959,053, In 1886. to $818, P11.504 In 1196, to Jl.01t.6SJ.8-4. and In 1898. to Sl1,.!7!).73ti,i 50, while our com merce with the whole world, which In 1866 amounted to $7S1,671,5S8. hid by ISIS reached the onoimous sum of $1, 847.531,984 " In the telegraph the Morse code and the Morse key have not been Improved upon for piaetionl purposes Tho hu man hand and tho human car are In dispensable in tho astnes of the busi ness of tho telegraph lompinlcs c 'ar ly Ing capacities of the wlies have been Inciensed. but If the promise of tho new Matconl system Is to bo tcal Izod, this accomplishment mnj not mean much to the telegraph cotnp-iny of the twentieth century. To all practical purposes Alexanle Oiaham Hell has the credit for the telephone Elisha I' Gray, of Chloiro. contested hlr legal claims to it. each having filed applications for patents the same day Page had transmit ted musical tones to a dlst nice a oil ly as 1S37. ReK too. hid experiment 1 on the sani" lines, but It was reseiv d for Ptofesso. Rell In 1877 to establish vocal communication between a lecture hall In Salem and a building' in Hus ton, 'twenty miles nwa. A few davs later Professor Gray, in ChluaKo, tnlkel with persons in Milwaukee, hearing perfectly across the elghtv flve miles of Intervening distance. Tho c otitis gave the decision to Boil, nnd the Hell Telephone company has be come one of tho greatest Institutions of the last ejuatter of n century. VAST SYSTEMS OF 'PHONES The United States, above any other country, has nude use of the tele phone, and In this countr the Inven tion has been brought to its greatest perfection and utility There ate 1,300.. 000 Instruments in the United States, connecting with 773,000 miles of wires. The long distance set vice has a maxi mum reach of ",000 miles over which tho human voice Is conveyed distinct ly with all its intlectlons. When Hell had made the system practicable It was thought that the telephones would icplace the telegraph In Its relation to transportation service, hut the Intricate business of the ttaln dispatcher continues to be done thiough the key and sounder of the sigebrush which sprang fiom the ai. 1 teiegiapn office. The telautograph, kali of the semi-deserts. 'which was designed successfully to AS IT STRUCK A NOVELIST. Of the building of this load Robert Louis Stevenson has written. When I think how the uilltoad has been pushed thiough this unwatered wilderness and haunt of savage tribes, lion at each stage of the construction toirlng, Impromptu cities, full of gold and IU3t und death, spiang up and then died away again and are now but 9 ay side stations In the desert, how in these uncouth places plg-talled pirates worked side by side with border ruf flans and broken men from Euiope, talking togethet in a mixed dlilect mostly oaths, gambling, drinking, cuai rellng and mutdering liKo wolves, how the rlumed hetedltnij lord of all America heatd In this last fastness the scream of the 'bad medicine wagon" charioting his foe, and then when I go on to lemetnbei that all this epical turmoil was conducted by gentlemen In ftock coats and with a view to noth ing more extraoidinary than a fot tuno and a subseejuent visit to Pails, It seems to me. I own, as If this i ail way weie tho one typical achievement of the age in which we live, as If It brought together in one plot all the ends of the world and all the degrees of social rank, and offeted the busiest, the most extended and the most vaiy Ing subject foi an enduring literary work. If It be loiuance. If It be con trast, if it be heroism that we requite, what was Troy town to fhib?" ScandalH wutted upon tho building of this load scandals that ore not yet dead--but the work stands as one of the gieatest Initial undertakings of tho century. Reaction had como from tho norrors or uie uivu war. and In 1871 In 1S50 more than 9.000 miles, and in 1S70 nearly 60,000 miles. Trom 1S64 to 1880 were the golden da of tracklav. Ing In the United State In IM7 tln.ru were 179.W2 miles of ittlluay In the write out messages In long hand, has never found favor against the myste ries or the dot and elabh. With the expliatlon of the Bell pat ents Independent telephone line have been organized In many states until the telephone vvltcs in the rural dis tricts of the west are almost as com mon as the clothes-lines of farmers' wlws. Villages are strung together, and hundreds of farmhouses ate In cluded In the circuits. Business of the express combines In this countt lias fastened Itself to transportation until more than 175,000 miles of railway ares interested in the service The equipment of the various companies in the United States In 1S90 was valued at $5,074,000, and the an nual business was ineasuicd by tens of millions of dollars. The postofllce sstem of the countiy was evolved from the rallwaj service, und the two have gone together In the efforts tow aid perfection. The tallway postolllce, riving at stxt miles an hour, is one of the picturesque Insti tutions of the age It has been pet fected until malls foi the big cities aie made up leady for the carriers be fore the locomotives that pull the ttalns have como to a standstill In the sheds at terminal stations. The rail way mall cleik has become an encyclo pedia of geographical Infotmatlon and Is subjected to the seveiest tests with in the province of civil service exam inations. STREET CAR TRAVEL Tho evolution of the street cai of the cities is promising to tiansporta- tlon in Its broad scope. The horse and the cable In the cities have given wav to tiolley powet nnd with tho speed of the electric car new Internriinr, ,-,- tne woria saw T.b.o miles of lallioads -sibllltlcs have come within A rZ, laid and put into opeiutlon in the track Ijeas thousands o7 ml eo? elec r . o one of the most devastating wars of 10ad have been built and the time, hlnt0ryV ."'h.1"6,0 ?frt. " 2'8w may be soon at hand hen fre Bht Til miles of latlroad In the United States: ti wi ttnnu .. i i VL XT. "L ... " " JM I4U111K IIIU dCWZZH&ztZ&n u nonSFACE 17 A(KS LrKil zz "- ay m-c)l - WJC.eauLDING- V&eorB 4oaxl45FFPT- & RJWR. SPACE 13 ACKESv, Prospectus of the Siegel-Cooper Co. COOPERATIVE STORES, NEW YORK AND CHICAGO. Profit-Sharing with our Patrons. Co-operation with our Employees. THE great success attained since 1887 by Siegel, Cooper 8c Co., has induced and given warrant to the enterprising owners to further ingratiate themselves into public favor by consolidating their two mammoth establishments into a co-operative enterprise on a profit-sharing basis. They recognize the tendency of the present age to be in the direction of co-operation of employers with employees, as well as in profit-sharing with patrons. To accomplish this desired condition, a new Company, the Siegel-Cooper Co. (Co-operative Stores, New York and Chicago) has been incorporated under the laws of the State of New Jersey with a capital stock of $24,000,000.00, of which $14,250,000.00 is divided into 285,000 shares 6 per cent, cumulative Preferred Stock of $50.00 par value, and $9,750,000.00 into 195,000 shares Common Stock of $50.00 par value. The charter of the Compaq provides that, after full dividends of 6 per cent, per annum have been paid on the Preferred Stock, and full dividends of 3 per cent, per annum have been paid on the Common Stock, all additional dividends shall be apportioned and paid on the basis of in amount on the Preferred Stock and ?j in amount on the Common Stock. To carry out the plan of with its employees, $2,000,000.00 of the Com inoii Stock has been placed in trust, the annual dividends of which will bo distributed among such employees as have been or may hereafter be with the New York or Chicago establishment for a period of three years during their satisfac tory continuance in the service of the new Com pany; such dividends will also be continued and paid to employees for life who, after ten years of service with the new Company, become inca pacitated for further employment, thereby practi cally providing a pension fund for faithful employees in their old age. To carry out the plan of Profit-Sharing it is proposed by the present owners, who are the owners of all the stock of the new Company, to offer to the public through the undersigned, 200,000 shares (fully paid and non-assessable) of the 6 per cent, cumulative Preferred Stock at par, upon which the full 6 per cent, dividend must always be paid before the Common Stock receives any dividend whatever, the Preferred Stock, also having a prior right to all the assets of the Company. In order to give double assurance to the general public, whom it is desired to interest as Stockholders (instead of Speculators) and who may not be fully conversant with such invest ments, the money required to pay dividends on said 200,000 shares has been set aside and will remain on deposit with the Central Trust Company of New York, and the Illinois Trust and Savings Bank of Chicago, respectively, to secure the dividends of 6 per cent, per annum, payable 3 per cent, semi-annually, for a period of five years, i. e,, tmtil July 1st, 1905, on all such Preferred Stock as may be allotted in their respective territories, and each Certificate of Stock so allotted will have an endorsement by said Trust Companies, respectively, to that effect. We thereby offer, we believe, not only an absolutely" safe 6 per cent, investment, but one which will without question yield consider ably more. Under no circumstances will any of the Preferred Slock not so allotted, nor any of the Common Stock, be sold, the present owners having no desire to sell out, but intending to remain with the business; they will theieforc not part with any more stock than they believe necessary to fully carry out their plans for co operation and profit-sharing, as previously stated. The owners confidently believe that, by in augurating the liberal policy above outlined towards their employees, they will in return be rewarded by more faithful service, arid courteous attention to patrons, the result of which must be beneficial to the new Company as well as aug xnent the continued good will of the public. Furthermore, it can be calculated to a certainty that with many thousands of new stockholders exerting their personal influence toward the suc cess and welfare of the business, larger patronage and correspondingly greater earnings for the new Company will be assured. It is from the increased benefits and material advantages which these changed conditions are expected to bring about, that the present owners feci confident of better pro rata remuneration on the stock which they retain, and in a measure justifies them in parting with any portion of their interests in an established and exceptionally profitable business. The SIEGEL-COOPER CO. Co-operative Stores will take possession Monday, July ad. 1900, of the two great department stores of Siegel-Cooper Co., New York, and Siegel, Cooper & Co., Chicago, in their entirety, covering a floor space of over thirty acres, with their millions of dollars' worth of Merchandise, Store Fixtures, Delivery Plants (consisting of many hundreds of Horses, Wagons, etc.), Machinery, extensive Stable Properties, and all the appurtenances required for the complete operation of the two stores, and also its Palatial Fireproof Store Building and Real Estate in New York City, which alone repre sents an asset of many millions of dollars, free of all encumbrances or indebtedness whatsoever, so that the Siegel-Cooper Co. (Co-operative Stores, New York and Chicago) will start its career without owing a single dollar. For the good and sufficient reason of not wishing to divulge the details of our business to our competitors, we present no balance sheet for puuuuciuuu. m; uu hul uuwever, ucbuc tu u&k our patrons or the public to rely excluaively on our representations, and, therefore, the money required has been set aside and will remain on deposit with the above-named Trust Companies to absolutely secure the dividends on all the Preferred Stock to be allotted as stated. More- a o 3 u tA U s so a 0 u o s o s Date,. .1900. To the CENTRAL TRUST COMPANY OF NEW YORK, S4 WALL STREET, HEW YORK. Enclosed please find $ , being 20 per cent, first pigment upon ........ (Fill la tmouct) ,r,u ln number of hrc) share of the Preferred Stock of the Siegel-Cooper Co. (Co-operative Stores, A'cw York and Chicago), for which I hereby subscribe, and promise to pay to the Central Trust Company of New York, at its office, 54 Wall Street, the balance due on shares of the stock allotted to me on or beforo July 5th, 1900. over, we allude with pride to the fact that tho Chicago .establishment has since its inception paid millions of dollars in dividends to its stock holders, and that the New York establishment, while only in its fourth year, is not only doing a larger business than the Chicago store, but ia also on a most profitable dividend-paying basis. We can also say for the benefit of subscribers, that the net earnings of our two establishments for the past year were largely in excess of tho amount required to pay the dividends on all th Preferred Stock of the new Company. There will be no change m in management, ." - - and the same men who thirteen years ago started the original Siegel, Cooper & Co. store in Chicago (and later its sister-store in New York) and who have achieved a success almost without parallel in modern retailing, have pledged them selves to continue in the management of tho business of the new Company the same as in tho past, and they will deposit with the Central Trust Company of New York, all of their stock holdings for a term of years to secure such pledge. Subscriptions for the 200,000 shares of the Preferred Stock will be received in person, or by mail, on blank forms provided for that purpose, by the Central Trust Company, 54 Wall Street, New York, and Siegel-Cooper Co., New York and Chicago, beginning at 10 a. m. Monday, May 7th, 1900, and will continue for a period of One Week ; tho right, however, is reserved to close subscriptions upon one day's notice in the New York and Chicago daily papers. The above Trust Com pany, for the convenience of our patrons and the public, will receive subscriptions at the Siegel-Cooper Co. store in New York, or at its own office, 54 Wall Street. All subscriptions must be accompanied by money, check, money order or draft, payable to the Central Trust Company of New York, to the amount of 20 per cent, of such subscription (equal to $10.00 per share), for which proper receipts will be given by said Trust Company. Notice will be given as soon as practicable of the number of shares allotted to each subscriber, and the balance due must be paid to said Trust Company on or before July 5th, 1900, upon the delivery by said Trust Company of the stock allotted. With a view of extending the benefits of our offer to as many of our patrons and the public as possible, it is proposed to allot the stock in tho following order, namely: 1st. To all subscriptions for one share t 2d. To ail subscriptions for two shares ; 3d. To all subscriptions for three shares ; and to continue in the same order for larger sub scriptions until the entire 200,000 shares bavo been allotted. Name Street Address. Town .State- Respectfully, SIEGEL-COOPER CO, (Co-operative Stores, New York end ClilzagO.) work of the oerburdened horso In a mua lOiui. Few countiies of the world can make een a compnnitho xhottlne with the United States on lines of transporta tion fe'ioutli, Canada's great I'.iclilc road Is snow-bound for a cpnuldciable portion of the year. In Great Britain, where train service Is best, perhaps, accommodations nio more cosily nncl less luxurious than In America For tho continent railway accommodations In general hio vciy pooi. In lullroad bulldlnff the country's closo will mark two great enterprises tho trans-Siberian line and the Cape-to-Calro road In Bouth Afilca. Uach of these Is a tremendous undet taking, but they have hart the fiult of the early experience of the United States when It was path-finding In the deseit, creating as It went. Today steel rails from American mills and tolling stock equipments ftom American shops nre going to all parts of thu globe. Ameri can engineers are running lines and adjusting grades and American meth ods are predominant. In the Soutn Afilcan pi eject one may see a departure from the general tiend In railroad building, In that the Cape-to-Calro road Is laid across Isothermal lines for Its wholo course. Most of the great ventures have been made from east to west. Gold In South Af rica has uttracted the Cairo line, Just as gold In California uas tne magnet for the Union Iicln line Hut If. like the Paclllc slope, the south temperate portions of tho African continent prove wot thy of civilization, even when the giecd of gold Is gone, tho tiend of the Cape-to-Calro load from tho Mcdltei ranean may Justify Its piomotcrs. For the new century electricity Is looked to for Imoads upon transpoi tatlon tecords. If It shall teplaco steam the twentieth century may set a new gage for tho future of railroading and navigation. ' A Strange Hold. Ihe millionaire lullijlit luil hkMj rejected tli ultor (or Ills datikhlrr'H luml "Ncm-i mind," uid the .Nouns injn calmly ai lie picked up hli hat, "I will fee you later. "Not II I ee j 011 flrn,' kaiJ the lohbjitt curcel) "o'i will hate 10 ice me," Mid the jouth "What do ou mean by thai" biurled the old Mhcmer. "1 mean," said the joutii lalmli, "that I Ime eer) aurance that I will be eleited to the ncct legislature, and )uu know It li going to be a leform ldj " Then the old man (jualled before him Clce land Plain Dealer, An Unpleasant Feature. "1 couldn't it and litt fulhci, he nai crr ltttlriil; talklnK thop " "Iflllnt; ou abuut hl pro-perlly In bu.i. mMt" "So, tttlkiiier tu me about the business h lliought I ought lo gel into." Detroit Fre I'ic.s He Knew Her. Lawyer I'm mrry I can't shaie our bop ol aciuittal, You are charged with beating your " wife and )ou admit It. Defendant Vci, but alio won't admit the wa beaten. Philadelphia. Prei. fuAfit 1
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