GIVES MORE FOR THE MONEY THAN ANY OTHER PROPOSITION OFFERED. Do not make an investment until you have investigated our proposition. WRITE FOR LITERATURE. Isthmus Plantation Association K Herman Building OF MEXICO Milwaukee, Wis. When writing to Advertisers kindly mention "THE WORLD TO-DAY." construction. Mr. Cooley has great faith in the government extension of the waterways of this country, and said, "We shall eventually see barges carrying 3,000 tons of freight traversing the canal, and traveling between Chicago and New Orleans." Other topics of interest discussed were the admission of Oklahoma and Indian Territory to the Union as one state. Arizona and New Mexico also asked for a resolution favoring their admission. The establishment of a national executive department of mines under the charge of a secretary, was favored, also the establishment of the proposed western naval training school at Duluth-Superior harbor. The subject of Irrigation received special attention, and papers were presented also on Forestry, Mississippi Improvement, Beet Sugar Industry, Good Roads, Interstate Commerce and Consular Service. The next annual session will be held at Seattle, Wash. J. D. COWLES. TRUSTS, ACCORDING TO RUSSELL SAGE. Just at this time when the trust question is receiving so much discussion, Mr. Russell Sage, while professing not to be hostile to Mr. J. Pierpont Morgan, and not to fear oppression of monopoly, declares that he sees peril to the national financial condition in the formation of great combinations. The following is quoted from his public utterance on August 21. "First, let me say that I am not antagonistic to Mr. Morgan. He and I have been very friendly from a business standpoint for many years, but we differ on the trust question. I have been misquoted and my views exaggerated when I have been quoted as saying that combinations of all kinds are a menace to the government. That is not right. I believe those which have been formed with the right idea and on a sound basis will live, but the others will fail and die of their own poor construction. What I am afraid of is the constant formation of inflated securities which are disposed of to the American people with a good brand on them. Securities have been made in large quantities and sold at high prices on the idea that economies to be effected will give them the arbitrary value which has been placed upon them. This theory will be exploded later on, for there will always be competition. When the crash comes it will be a national disaster. Everyone will be more or less affected and the industrial stag- Perhaps Mr. Sage would now wish to cite, as another instance of unfortunate consolidation to illustrate his opinion, the collapse of the bicycle trust. Bearing on this same question, as concerning American finance, the London Times recently published an editorial, from which the following statement is quoted. "For the next few months, at least, the big harvests of the United States will probably secure the business world against the collapse of credit in New York; but, unless we are to accept the newfangled doctrine that in some mysterious way economic laws need not be taken into account where America is concerned, the present state of things and the present fashion of finance cannot continue forever. Mere magnitude of resources, however dazzling to the unthinking, will not save their owner from embarrassment, or worse, if he allows his liabilities to grow in excess of them." VIRCHOW, PROF. RUDOLF-On September 5 there died in Berlin one of the great scientists of the world. Professor Rudolf S Virchow, anatomist, physiologist, anthropologist, and founder of cellular pathology, was born at Schivelbein, Pomerania, Prussia, October 12, 1821, and he was educated in Prussian schools. In 1849 he was made professor of pathological anatomy in the University of Würzburg, which chair he occupied until 1856. He received a call to the chair of pathology in the University of Berlin in 1856, and in time he became rector of that great institution. Under his influence the newly founded Pathological Institute of the University of Berlin became the foremost school of its kind in Europe. He has been a member of the Prussian Landtag since 1862, and of the German Reichstag since 1880, and was considered one of the ablest speakers of those houses. As a leader of the Kulturkampf he advanced strong opinions, and gathered about him some of the foremost free-thinking scientific men of Germany. His political opinions reacted unfavorably on his position as an educator, and in 1887 the conservatives managed to oust him from his rectorate; but he never lost the respect and support of the advanced materialists, and he was reinstated in 1892. By his famous work, "Cellular Pathology," he compelled a reconsideration of the whole subject of pathology. On this work and on his "Mor THE WORLD'S EVENTS. (From August 15 to September 15, 1902.) UNITED STATES. Aug. 20.-J. Pierpont Morgan returned from his three months' trip in Europe. Aug. 21.-Charles M. Schwab sails for Europe for rest and treatment....The Baltimore and Potomac Ry. Co. and the Philadelphia, Wilmington and Baltimore Ry. Co. merge under the title of the Philadelphia, Baltimore and Washington Ry. Co. with a capital stock of 507,000 shares of the par value of $50 a share. This stock will be owned almost entirely by the Pennsylvania Ry. Co. and the Northern Central Ry. Co.... Forty sick employes of the Wabash Ry. Co. are on the way to California in hospital cars at the company's expense. None who have caused sickness by excesses of any kind is so assisted. Aug. 22.-Civil Governor Taft received in Manila with an ovation. Vessels parade in bay. Twenty thousand Filipinos from various provinces join in demonstration. Aug. 24.-The Naval maneuvers close with the capture of the attacking "white" squadron of ask Commander Pillsbury off Salem by the defending "blue" squadron of Admiral Higginson.... Senator Hanna abandons all efforts to end coal strike....The Central Federation Union representing 250,000 workingmen resolves to President Roosevelt to call a special session of Congress to deal with the coal strike.... Sultan of Turkey orders that all demands of the United States for compensation be conceded. Aug. 26.-Acting Secretary of War Sanger issues an order granting General Miles' "application for authority to inspect that portion of the army serving in the Philippines." He will sail about Sept. 15th. Sept. 1.-Two amendments to New York divorce law come into force: No judgment of divorce or the annulment of a marriage shall become final until the expiration of three months after the filing of the judgment. And lawyers shall not advertise for divorce cases. Sept. 2.-The American Bicycle Co. announces that interest due would not be paid on time, and that proceedings had been instituted for appointment of a temporary receiver. The company, though solvent, lacks working capital. It controls about 70 per cent of the bicycle output, besides an automobile facture. It was incorporated in 1899 with 20 million common and 16 million preferred stock. Sept. 3.-President Roosevelt narrowly escaped death by a collision between carriage in which he was riding and a trolley car near Pittsfield. Sept. 8.-The National Candy Company which hopes ultimately to control the whole output of the U. S. was incorporated in New Jersey with an authorized capital stock of $9,000,000. Sept. 11-The battleship Wisconsin and the cruiser Cincinnati were ordered by the Secretary of the Navy to proceed to the Isthmus of Panama to protect American property in the revolution. Sept. 13.-Sixty thousand women and children and ten thousand men attended the Republican CARDINAL GOTTI. The new Prefect of the Propaganda at Rome. rally at Sans Souci Park, Chicago, where free refreshments and prizes were distributed. Sept. 14. For the past week forest fires have raged 40 miles along Lewis River in Washington, near the Oregon border, destroying thirty lives and $300,000 worth of property. Forest fires in northwest part of Oregon will involve a loss of $1,000,000. Sept. 15.-The Farmers' Co-operative Association, incorporated Aug. 13 at South Pierre, S. D., opened offices in Royal Insurance Building, ChiThe purpose is to avoid throwing the entire crop on the market at once when low prices rule. cago. SOUTH AMERICA. Aug. 26-A dispatch from Caracas reports that Ciudad Bolivar, the capital of Bolivar, has been bombarded by two gunboats of the Venezuelan government, and many persons killed or wounded. ....News received at Washington. D. C., that General Rafael Uribe-Uribe has landed in Colombia, whence he was driven a year ago, with the purpose of raising another revolution....Colom Aug. 20.-King Edward VII. has granted a charter dated Aug. 8, 1902, incorporating a British Academy for the promotion of historical, philosophical and philological research, with 49 men as original fellows. Fears are expressed that, like the French Academy, it will fail to enroll some of the greatest names. A notable omission already made is that of Herbert Spencer. Aug. 28.-Victor Emmanuel, King of Italy, drives in state through Unter den Linden, Berlin, in company with the German Emperor William. Decorations were bestowed on several German and Italian officials. Aug. 30.-Military review by Emperor William and King Victor Emmanuel of 30,500 troops, of whom one-third are cavalry, at Berlin....According to vital statistics issued this week, London shows a decrease since 1881 from 27.4 to 20.6 per 100 of married women under the age of 45. The decline is most notable in the fashionable quarters of the capital, while the slum areas, such as Stepney, Shadwell and Bethnal Green, are almost stationary. Outside of London the decline amounts to 25.8, against 30.3 in 1881. Aug. 29.-Strike of 40,000 workmen in Florence, Italy. Sept. 9-11.-German maneuvers near Frankforton-Oder conclude with a charge of 9,000 cavalry upon artillery and infantry. Earl Roberts, commander-in-chief of the British army, and the American Major-General Corbin, who among the official guests, both consider the German army matchless. ASIA. were Aug. 20-A dispatch from Simla, India, states that the plague mortality is increasing at the rate of 1,000 weekly. Aug. 29.-The Pekin Gazette published an edict abolishing the "likin" duties levied at the frontier of each province in China. |