The people. (Camden, S.C.) 1904-1911, February 11, 1904, Image 1
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.