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81.50 PER YEAR. PtmiHG FOR Vil n TUB OF PBACE. : ' - ! Didfl Sub IttehiBg the fir Eastern Situiton. FIGHTING ARM IS BARED. If IllkMUBMWM Inalvwl BtWIOlM to B? *!???? to O? U?ft> fMtM*. While tbe outcome of the ne gotiations between Russia and Japan is still in doubt, and since, so long as the war clouds hover over that part of the orient, there as the possibility ? remote to be sure but still a possibility ? that the United States, because of her large commercial interests In Manchuria and Corea may be come involved, it is of interest to all Americans to know that the fighting arm of the United States government is in excel lent condition. . That this result has been brought about, to some extent, by recognition of the possibility I have suggested there can be no doubt. Quietly but none the less ef fectively both the navy and war departments have been putting the military forces of the United . States in a state-of preparedness for any possible conflict over the far eastern disagreemcEts. No particular secret is made of the fact that the hurry orders given Admiral Robley D. Evans, when recently with his fleet at Hono lulu, to proceed with all dispatch to the Philippines, was for the purpose of having in close prox imity to the possible scene of conflict a powerful American squadron. Neither is it denied that the torpedo boat flotilla and the cruiser Buffalo, which are en route to the Philippines, wore sent to strengthen Admiral Ev ans' command because of the situation in the far eusb. Military exports say the United States is now in better condition for a severe foreign war than it has ever boon since the birth of the nation. Wonderful strides in military and naval strength and efficiency have been made since the Spanish war which, if St has accomplished no other good, taught the United State? the faults of its military system. At the present time tho United States navy has now about 255 vessels of all classes fit for active service. Since 18'j8, seven first class battleships have been added to the list, and now thero are 11 first class battleships in commis sion and one 2d class battleship. The following battleships, now in commission, have been added to the navy since the Spanish war: The Alabama, Illinois, Kearsage, Kentucky. Maine, Missouri and Wisconsin. Thir teen additional battleships are now in process of construction, and of these, the Ohio, could be completed within a few months if the necessity arose. Four harbor defense monitors ? the Arkansas, Florida, Nevada and Wyoming? have also been added to the navy since 1808, as have sevoral valuable cruisers, tho Albany, Cincinnati, Cleveland and Tacoma. In addition to these larger vessels there have been added 14 torpedo boats, several of the wonderful little Holland submarines, and some supply ships and colliers which are most necessary adjuncts to tho fighting ships. Of equal importance with the addition to the floating strength of the navy during the period under consideration is the fact that naval marksmanship in our navy has become o^er 100 per oent more efficient since the 3j>anish war. The incalculable importance of shooting straight was taught tbe navy .In 1898, when a very small proportion of the shots* firod at the Spanish ships in either the battle of Ma nila or Santiago took effect. Siuce then, twice each year the various fleets of the navy have held target practice under a^ew improved system, and its is 6afe to say that at the present time there is no navy in the world which has as expert gun point ers as the navy of this country. The rapidity of fire, as well as the accuracy, has been increased accordingly. According to officers o( the army, the efficiency of that arm of the military service of the Utfited Stages in 1898 is not to be compared with the present effici ency of what has often been termed the new army. Mr. Eliha Root, who has now severed bis official connection with the war department, during the four years of his administration as secretary of war brought the ad ministrative end of the army out of the a condition of chaos to one of perfect efticiencj'. The regu lar army, which at the outbreak of the Spanish war consisted of about 27,000 men, now has a war tooting of 100,000 men. The coast fortifications, which at the beginning of the Spanish war were in a most unfortunately weak state, are now, ordinance officers say, ready for actual wortr; the harbor mines system has been perfected, and there is on hand ut this time an ample supply of smokeless powder for alj the artillery, infantry and cavalry of the regular army, with practically enough for the or ganised. militia. The * regret la* army is now being equipped with a new and modern field artillery piece which is not surpassed in any army in the world, and the infantry and cavalry are being armed with a new magazine rifle which is being turned out at the government armories at tiie rate of 1C0 a day: The Lapse of tlio Higher Educa tion. Bhe was seventeen when she said: Life in Jts ultimate aspects presents problems which the So cialists and the political econo mists have not yet been able to solve, ana oven the most liberal philosophy halts at. In its bio genetic aspect, ontology presents so muny diverse mysteries as to make us feel that the highest, morality may only be achieved through an infinite series of con stantly developing experiments. Bhe was twenty when she saict: - ^ As we grow older the utilita rian view impresses me more and more. It js true that in its harsher aspect it is more or less revolting. But if to acknow ledge a supreme sefishness lies that way, we must accept the inevitable. She was twenty-five when she said. The common things of life are in reality only common because of their closeness to us. If viewed as integral parts of the totality of phenomena, they ure lifted into their truo sphere, and should receive their proper apo theosis. Love is one of those. She was thirty when she said:, The human mind cannot ho)>e to solve the mystery of life. It is only through tho hoart that wo can reach the desired haven I toel that I have wasted my time. Sho was forty when she said: I would give anything 1 pos sess -old boots, shoes, hopes, fears ? all, to bo. loved passion ately, foolishly, unreservedly, even intermittently, by almost any kind of a creature that wears trousers THE ACTUAL COST OF . THE PAIA1A Ifll Tike letriy Tvo Hudred II . Ita Dollars Ion. > ? A DEPTH OF SO FEET. . ' t bemna DfcnmaloM of ItawMn Bil?^ Bmllt Mat* l? It is estimated tbat it will cost the United States $184,233,358 to acquire and complete the Pana* ma canal, besides the amount to be paid to the government iti control of the isthmus for the concessions, says the New Yorl? Tribune. s Already there has been an imj mense amount of money and energy expended on the canaL It is safe to say that a sum mora than sufficient to dig a waterway! from ocean to ocean at sea level has been collected from investors at different times in its history. When DeLesseps organized the first company in 1880 for the construction of the can&l, it started with a paid-up capital of $60,000,000. For eight yaars the company toiled, employing at times as many as 15,000 men. Thou came a necessity for chang ing the plans and the company failed, after collecting in round figures from the sale of stock and bonds $260,000,000. Of this it wa9 shown that the expenditures actually made on tho isthmus amounted to $156,400,000 and that the cost of excavation and embankment proper amounted to $8?,G00,000. Tho ultimate cost was then estimated at $174,600, 000. For several years an effort was made to capitalize a new emwpany to complete ttltTVoriT/ and at last, in 1894, the present Panama Canal Company w~s or ganized with a paid-up capital of $13,000,000. Bincc that time work has advanced at the rate of about 1,000,000 cubic yards of excava tion each year. The total amount of excava f tion up to the present time lias been about 81 ,000,000 cubic yards Uufortunately, only about 40, 000,000 cubic yards of this is available for the waterway pro posed in 1899-19C0 V y the canal commission, of which Roar Ad miral Walker was president. Tho Walker commission's re commendation included this available excavation in tho #40, 000,000 to bo paid tho canal com pany for its work, maps, record?, drawings, and the property of the Panama Railroad Co. The commission estimated that the total amount of excavation which would bo required for tho canal to bo built from its plans, exclu sive of that for the Bohio dam and tho Giganti spillway, would be 04,403,708 cubic yards. Tho work remaining to be done, therefore, represents the differ ence between tho amount of available excavation which it will acquiro by purchase from the Panama Canal Company, or nearly three-fifths of the entire work. It is estimated that the cost, of this work will be $144,-. 233,858, in addition to the suui to be paid to tho present owner of the property. By tho time it is completed, more than #450,. 000,000 will have been obtained in one way or another for use in building tho canal, while nearly #312, (XX), 000 will have actually boon spent in connection with its construction aud administration. It was the intention of tho Pan ama Canal company to mako the canal 29.5 feet deep. Tho in creased dimensions of steamers ?r?w l>eing built has made it neces sary to plan for a much deeper ' canat, and tho Walker comniis 1 sion's plans are for a waterway 30 feet deep. Another Monument at Capitol. * Senator May field at the night session of \he Senate submitted a Joint resolution to allow the erection of a monument on the State Hojse grounds to the par tisan generals of South Carolina, and to make an appropriation to aid in the fund for its erection. The text of the bill reads: A joint resolution to authorize! the Daughters of the American Revolution to cause to be erected on the State House grounds a monument to tne partisan lead ers of South Carolina. Whereas, the South Carolina Chapter of the Daughters of the American Revolution are en Lgaged in preserving the records lot the heroic deeds of our illus trious Revolutionary fathers whose heroism and self-sacrifice have been seldom equalled, and whose heroic deeds in war have never been surpassed, and de sire to erect a monument upon the Capitol Square to the mem ory ot the partisan generals of the Revolution; and, Whereas, it is but meet and pro per that this State should aid in erecting a monument to said gen erals of the Revolution, whose | military genius freed us from the oppression of a tyrannical king and made South Carolina the brightest gem in "Liberty's Crown;!' now, therefore be it Resolved, 1. That the sum of $500 be, and the same is, hereby appropriated for the purpose of aiding in erecting a monument upon thQ State House grounds to the South Carolina partisan generals of the American Revo I lntion, ** 2j_That said sura be paid out, fettle WRHaiinrf t#e0oulplil9flfl er General to the President of the Chapter of the Daughters of | the American Revolution. National Woman SufirAglxtH. The 2Gth annual convention of the National Woman Suffrage association, which meets in the National Ri lies' Armory hall, Washington, D. C., Feb. 11th to ] 17th inclusive, will be one of the most interesting ever held by this association if one may judge from the list of prominent men and women who are among the speakers. One afternoon and evening will bo devoted to speakers from Col orado who are prominent, along the various lines of activity in which Ihey are engaged. Among them will be Hon. Alva Adams, ex-governor of Colorado. Other speakers will bo Dr. Samuel Bar rows, New York city, secretary Prison Reform association; Anna Garlin Spencer, New York city, director National School of Phil anthropy; Mrs. Maud Nathan, New NYork city, president Na tional Consumers' league; Char lotte Perkins Oilman, New York city, author and lecturer; J. Ellen Foster, Washington, D. C., chair man Womans' National Republi can association; Mrs. Walter Lis ter, of Australia, secretary Vic toria National Council for Wo men; Mrs. Harriet Stanton Blatch, Ithaca, N. Y., daughter of Elizabeth Cady Stanton; Mrs. L. Annie Pound, Lansing, Mich; Mrs. Evelyn H. Belden, Wash ington, D. C., former president Iowa Suffrage association. Mrs. Annie L. Diggs, who has been studying industrial prob lems in Europe for the past two years, will arrivo homo in time to speak at this convention. Rev. Mary A. Safford, of Dos Moines, Iowa, will preach the convention sormon on Sunday in the hall. The first evening will bo occu pied by the national officers, who will each make a. brief address and the president will iriveJ^jr annual address. Uev. Anna H. Shnw will give the closing address on Wednes day evening. TELUXG HQI1XITT WILD VITH AKXIETY. Excitilng Times In the Pit of the lew Orleans Exchange. WORST BREAK IN HISTORY ?ago* War Ramon Send PrteM Down fr-V 108 to ISO l'oluU-Selllnc at Any Flgnrc. ^ Now Orleans, Feb. 4. ? About the worst break in the history of cotton future trade in New Or leans occurred today when vague war rumors sent prices down un til they were from 160 to 180 points lower than the close of yesterday aud May was $9 a bale cheaper. Notwithstanding this break there was little excitement about the cotton exchange at the close and no fear was expressed that any of the local cotton firms would fail. At the opening prices broke sharply. March going off 100 points from yesterday's close to 1,550. Prominent bulls sup ported the market and prices re covered. Toward noon the mar ket became quiet and uninterest ing and the general opinion was that the trend of prices wonld continue upward. Soon after the noon hour and while many brokers were at lunch a telegram was received from Chicago by a wire house saying that cables had been re ceived telling of the declaration of war between Japan and Russia. Value commenced to slide swiftly downward and in five minutes time the ring was in a panic. The general desire was to sell, no matter what price the cotton offered for sale brought. _?he combination pi^n<t,th? Ting at the cotton exchange* was an amphitheatre of struggling, yelling humanity, wild with an xiety and their fears appeared to be all the greater because they were not exactly aware of whut they were afraid of. Hundreds of thousands of bales of cotton were thrown into the ring and the sell?*rs exooedod the buyers Unto one. This mad scene lasted until well on toward the close of the market when the ring finally had a sold out appearance. At this stage the bnll leaders again took a hand in the operations and by buyiug everything offered and by strenous bidding quickly sent prices up 50 points. The market, however, had a weak undertone and prices again sag ged toward the close. At the closing prices were from 1 17 to \Gfi points lower than tho close of yesterday. On the cnrb the weakness continued and at the close of the curb trading prices were again at abjut the lowest level of the day. At the lowest levels March was 1(50 ]x>ints lowor than the close of yesterday at 14.90; May was 1G8 points lower at 15.45 and July was 180 points lowor at 15.70. Tli? Cotton Market. New York, Feb. 8. ? Brokers went home last night expecting exciting tinm in today's mar ket, but they wore mot with de velopments even moro nerve racking than they had expected. They met it at the start. The market was deluged with sealing orders received over night, and prices wero forced down partly on talk that at last the bull cam paign had come to kn end. It seemed apparent that there was no organized support to prices, and ths ring was surrounded by a struggling, pushing throng of wildly excited brokers soiling until March had broken from 10.25 at the opening to 15.88, May from 10.55 to 10 cents, and July from 10.05 to 10 cents. Then came a partial rally of 20 to 25 points, but there wae- no ag gressive demand, and soon prices were again working down ward in an irregular jerking fashion. The decline was facili tated by heavy estimates for to morrow's receipts, and the be lief that popular confidence in higher prices for cotton has been materially shaken by the devel opments of yesterday. It had been thought that the decline of over a cent a pound yesterday had shaken out the outside long interest, but the recent advance of about 8? cents per pound in a little over two weeks had enabled many outside to accumulate pro fits sufficient to protect their ac counts. To-day, however, these holders seemed anxious to eloae out and save what they bad left of their former winning*. Toward afternoon supporting orders from New Orleans came in rallying the market about 20 points from the lowest. Trading at this level was less active, and sentiment was evidently very fe verish and unsettled. There was more or less buying on the reac tion theory, and buying orders were received from New Or leans. There was scattered sell ing for long accounts, and it ap peared that the bears were feel ing more confident as a result of rumors ttiat a leak in the forth coming census bureau's report had caused the sudden withdraw al of bull support. The market in the later trad ing showed a somewhat firmer tone on covering and bull sup port, and rallied until at the close it was steady at a net decline of & to 82 points. Sales estimated at 700, 000 NHy * Hubbard 'm Cotton Letter. Now York, Feb. ii. ? Our mar kot opened with sales of May at 10.55, 10.50-7-8-9-60, and after selling at 15.04 05 ruled steady at 10.23 at 1 p. m. After thecal!, which was steady, the market broke over 50 points on scattered long selling. At times it was almost impossible to Mil any thing, and brokers mittfe heavy losses in executing rtbe}? orders. The feature of the day has been the strength of the New 6rleans market, which has been main tained at a heavy premium over ours. Many buying orders have come from there on arbitrage. Receipts are showing an increase in the semi weekly towns, and many ot the spot houses have beou heavy sellers. Fluctuations were at times violent, with smaller transactions than of late. The local feeling is ruther bear ish ou liquidation. A firm clos ing resulted from the buying for Now Orleans account, which is expected to rally Liverpool tc* morrow. Wo believe the short interest has been increased dur ing the day. The spot market was quiet at 25 (mints decline. Hubbard Bros. & Co. Was Run ov?t l?y II In Own W?? Ron. Anderson, S. C.,Fob. 3. ? R. E. Thornton, a whito man from one of the cotton mills of the city, was killed about nine miles from the city this morning by either falling or being thrown from a wat^on, the wheels passing over his neck. He was raoviog to the country to farm this year, and was on a wagon by himsolf when the acci' dent occurred, thore being no witnesses. He was said to have bee* drinking, and was driving very fast, and was evidently suddenly killed, as his body was found only a short time after the wa gon had passed a house by the roudside. He was 51 years of age, and leaves 12 children.