Omaha Daily Bee from Omaha, Nebraska • 7

TMATTA DAILY 1VRK TIM DAY SKPTKMnKK 1808 Eevenuo from War Taxoa Tar Exceeds Wrtr Expenses COST LESS THAN PROVIDED FOR iNflnmtf nf Kitii-nncH I'p the Clone of Ilir rUcnl Vcnr llonil Mill unit Iti'M1- nue The cost of the Spanish war promises to bo considerably less than the liberal provisions tnado hy congress relates Charles A. Conant In the OlobL-Uemocrat and the treasury nlrcaily feeling thu embarrassment of ex- uesslvo riches. So much gold anil so many notes nru locked up In the treasury and Its branches that the hanks are having great difficulty In meeting the demand for small notcB and legislation for reforming the currency or reducing taxation will almost certainly demand the attention of congnss next winter and spring. The cost of thu Including the maintenance of garrl- hens In Cuba Porto Hlco mid the Philippines until the close of the present lldcal year on June 30 next seems likely to drop lielow $230,000,000. The sum of $50,000,000 V.BB the computed coat In actual disbursements up to the close of June.

The month of July added about $35,000,000 to this amount and August about $25,000,000. Theco combined Bums make a total of 000,000. There are many contracts which have been executed but for which payment 1ms not born tmidc nnd many other expenses which will run on for some weeks lit the same rate as during the period of nctlvo operations but the mustering out of many of the legimciits the cessation of the use of costly ammunition nnd the sale nnd transfer of vesseli of the auxiliary licet will considerably reduce expenditures during the remainder of the year. An estimate of $20,000,000 per month In addition to the cost of the ordinary peace establishment IB considered at the treasury to be liberal ono for September and October. The average cost of settling the war expoiiFes nnd maintaining Rurrlsuns during the eight months of the fiscal year beginning on November 1 Is not likely to exceed 000 per month.

It might bo a trllle largei than this during November and December but will probably taper to a lower polnl during the months which follow. The wai expenses during the remainder of the Ilsca year may therefore add $120,000,000 to tin $115,000,000 already spent making the tola cost of the war $225.000.000. ll I'liui' Against these estimated xppndltuics tin government has set two In'pv Hems of ex tinotdlmiry revenue the 'ale of $200,000,001 in 3 per cent bonds nnd the collection under the new revenue la Tlio liittc v.ero about $13,000,000 In Julv and $12.000 009 for August. If thry continue to avcrngi $12,000,000 per month th to'al collection at the end of tin fiscal jear will bo aboil $110,000,000. These two largo sources revenue therefore exclusively for wn purposes will nffoid a total for the year $310,000,000 or an excess of $105,000,00 over the probable cost of the war.

Th treasury balance on March 31 when pcmllturcs for the war Hist began to attain Eorlous Importance was The surplus derived from thr- bonds an the rovcnuo will swell this balance at th close of the fiscal cai to nl-out The fact that this amount will bo attained Is nlrradv well established by th existing condition of thu tic uiy. The pro cceds of the bonds have been i ollected the amount of only about $155,000 flOU an lemnlns to lie raid The cas balance on August 31 was $205,81 1 SOfi an If the ontlro proceeds of the bonds were ic celvcd at once the amount would rise This total may not bo quit attained at any time but a total of $325 000,000 Is very neaily In sight nnd lit ui likely to bo much reduced after It OIK reached. The current monthly rccoip from the new law will mote tba pay the expenses of garrisons In tl former Spanish dependencies and the trea ury will on hnnd the largest balam of many years consisting of more the two-thirds In gold. Whllo thcijo figures represent the piol nblo history of the treasury during the maluder of the present fiscal year the are elements of the problem which ralso the cash balance to a still high figure If some of the surplus is not got ref of in thu meantime. Oue of thesepiemen Is the development of business piospcrlt which will greatly Incredxc the collcctlo of revenue under old laws.

1ms be assumed In the preceding calculations th the ordinary expenses of the government lime of peace would bo exactly met fie the proceeds of old laws. Assistant Seci tary llowcll has already computed a sc plus under these laws amounting to r.52,71fl for the live mouths ending Juno la If a similar surplus nhould continue would add about $22,000,000 to thu trei ury balance at the close of June next growing volume of Imports and nn oxpa xlon of business actluty would -swell tl balauco In the same manner In which revcnuo was swelled In the prosperous yea duilng the latter part of Cleveland's first administration. Hiirplus of $50,000,000 would bo nn excessive estlmato for proceeds of old laws In a period of buslni ncthlty. If this should occur the treasu woulil llnd Itscrf on Juno 30 next with BUrpIua approaching and country would cry out In alarm I stringency of the money maiket caused the withdrawal of cuirency from active dilation. More than this It Is not Impos bio that the expense of ganlson service the now dependencies will bo reduced to ihOfet nothing by the collection of the ucc wiry fund ftotn the subject countries fie crnl Shatter has already telegiaphed to War department that ho has collvcted 000 at Santiago in customs duties and na potion charges during a part of August i that the local expenses for the cuat house ami the municipality have.

been about $12,000. If the handsome net rcvfi thus Indicated for Santiago should bo du cat cil at San Juan dc I'orto It nnd Manila the treasury might bo relle' of the expenditures of $10,000,000 per moi tet down for garrison from November June and another bum of $50.000,000 ad to the available surplus. llautirr of t'oiiKi'Ntlon. A great congestion of money In the trc nry llku this would carl for sweeping lei Intlon to reduce the amount restore cmrunej to thu channels of circulation i guard against cougestlou In the futi Secretary Cage with rhe added data r.ardlng the situation which three in monthi will plae-o in his hands will have opportunity to write a striking report pu'scutatloti at the next regular sesslor congress. He will bo able to point pride to the successful maintenance of public credit by the adoption of rcso measures of war finance at the outset the approval of congress to sketch the 01 tnoua surplus whkh has resulted from prompt tci initiation of the war by the rrgy of the American army and navy then to take up the problem of the fu financial policy of the United States and dependencies.

Readjustment of the scheme of taxation BO as to give the grra freedom to trade' between the United Stand friendly powers without Impairing tenuity of un American Industry am as to substitute the mure successful of Mamp taxes for tariff taxes which arc longer necessary or which are unproducl with the enlargement of our banking policy eo ns to make It comprehensive enough to Rlvi- American banker the control of bu l- np 'Mi lusted by Atnerlcnns In the new dependencies in nil parts of the worM. will bo within the scope of the subjects requiring present consideration. It probable that the secretary will recommend the retention of the Increased tnx on beer and some of the stamp totes but will suggest the repeal of a portion of tin stamp tuxes. The clnsMfleatlou tnado nt tlio Internal ravcnui bureau of the Issues of stamp by denominations and classes shows thnt the proprietary stamps sold during July had a face value of only $2GoOGbO which was less thnn a single Item of the documentary Btntnps. The abolition of the ptoprlctary stamps Is not unlikely to be among the recommendations of the administration at the opening of the session of congress Among the documentary stamps the best suits were afforded by the sales of stamps for $10 for $1 for DO cents for 2 cents and for 1 cent.

The 'amps for the larger amounts are those used on charter parties and manifests and can well be paid by vessel owners nnd shippers. Among the stnmps for small nmounts the bulk of the 2-cetit stamps which were Issued In July to the number of with a face value of wcro used upon checks anil this tax will probably be continued ns long as any of the stamp taxes. The l-ccnt stamp upon express packages nnd telegraphic dlBpntchcs yielded $73CfilO. Unless the entire series of stamp taxes Is repealed without discrimination the amounts afforded by the different taxes aa Indicated by the denominations of the stamps will afford a valuable guide In determining the legislation of the future. Ciirrciic.v mill llnnliliiu.

The future currency and banking problem of the country opens up wide vistas if the United Slates proposes to compete upon equal terms with Great Drltaln aud other commercial nations. Ilrltlsh banks with capltnl derived entirely from Grrat Britain and head oHIrcs established In London dominate the exchanges of Asia Aft lea and South America. Such Institutions as tho'Hong Kong and Sli.uiRhal Banking roi- poratlon with a paid ujc.ipit. of 10- OdO.OOO nnd deposits of more than 000 thu Standatd Bank of South Africa the London nnd Hlv Plato bank tnc London Hank of Central Amerlc.i have concentrated the commerce of the world In London and made the British capital the center of exchanges. A banking policy which will permit the banks of this country to establish branches throughout the world and to l.cep pace with German and Russian capitalists in the competition with Great Britain will bo necessary If the United States Is to become' world power.

Great Britain In Its banking regulations nt home puts narrow restrictions upon note Issues but Its colonial banks have been left free to Issue circulating notes where such policy would contribute to expansion of their business nnd the notes of British banlvB circulate in Peisla and Turkey us well ns South America and South Aft lea. It Is evident that United States bond" will cease to be adequate as basis of r- culation Jor the note Issues of the ne-v banking stem. Secretary Gage will therefore have an opportunity to renew his recommendations of last year that banks be permitted to Issue a certain proportion their notes upon their business assets but 10 will be able to give a thrilling setting of lolitlcal and economic development In thee four quarters of the world to the prosaic ilcture of financial development at homo which ho painted In his report of a eor ago. The majority ot the house committee on banking already have upon the calcn- Inr a bill which accomplishes a part of what may bo necessary to permit American bankers to enter unfettered upon the race for the control of the world's exchanges. This bill Dermlta the Itsue of notes In limited amounts and under proper safeguards upon commirclal assets and permits the creation 0 of blanch banks.

Some further provisions 0 may be reculred In order to contemplate the extension of the branches of American in-o Cuba Porto Illco and the Philippines and the cieatlon of branches If they are required In the portions of China which lire being opened up to the commerce of the world nnd In the other newly openeii countries where the foresight of German nnd Russian statesmen Is already planting their banking Institutions by the sldo of the older ones backed by British capital. An epoch making report reviewing with gratification the achievements of the past but pointing the pathway for anew policy of economic development In the future Is thus within the power of the secretary of the treaMirj to prepare and for congress to put into the form of law An overflowing surplus will permit the application of .1 lortion of the gold reserve to the reduction of the demand obligations of the uovernment and the retirement of matured bonds will afford the conclusive reason for a basis of circulation moro elastic and better suited than that of the exiting law to the vista of commercial development which Is opening before the Its country. s- sA OPPOSE AN OLD PAVING TAX ti tills lls I'liiinUlfM I'p Mirnl It enoiii for he rn liiK for Cellar Illoelc is Ir on Tlill'drUl Mrcct. Another suit to avoid the collection of he paving taxes almost a decade old has been 'ss commenced In the district court This time ry the parties plaintiff nio Anna Berggrcn a 'Catherine Mullcry George B. Dandy Chaun- ho cey II.

Sheldon Ah In fcaunders and Frank he i II Montgomery. Their petition against the by clty was filed yesterday afternoon. lr- They set forth that they are a majority sl- of the property owners of paving district In No. 210 for which in 1SS9 nn aggregate iltnx levy amounting to $13,322 was made for the paving of North Thirtieth street from Bristol to Spauldlng streets with ccdat ho blocks nnd that the petition presented to 4the clt council nt the time was signed v'i- by a largo number of persons who vvcrt ml not property owners there Thev also object ject to the tax on the ground that It Included JISO for grading und $167.73 foi me the salary of the city Inspector which thej ill- aver made the tax excessive Illegal am Ice void. The cost of the paving was to havi 'cd been $2 OJ per square yard.

A second causi Uh of action Is as to the curbing. They there till fore nek the court to set aside the taxe led and restrain the sale of their propcrtj contemplated In the customary course tax collection. as- Sort lorn Are "Not SAN FRANCISCO Sept. 8. The Unite States steamer Albatrots has arrived In poi tuoho days from Acupulco.

It left here ire. short time ago bound for Cocoa where Car re- tain Curtis was ordered to protect the In ore i terests of American citizens. A few day an i after the Albatross Balled from hero th for British gunboat Leander had reuchcd Cocc of and by prompt action Its captain not enl 1th adjusted the rights of both British an American cltlze'ns but practically wound the revolution. The Alb-atroes put Into Act pulco for coal and there found orders I ilth return to San Tranclsco without delay. lor- the Vllcnipt to Sulm the Cliniinel.

i'n- Kngland Sept -Krni and llolnios of Birmingham left Dover nt 9 uro this monilnp In nn attempt to swim tl channel lit was iieeompunled by rev i boat. tiolo test captain Matthew Webb thKiifilh lies swimmer once Hwiun from Dover to i Kranie lln was In the water twcnty-oi 1110 Incurs anil tweiity-nv minutes and roven I fo about llilro-llvo m.U'U. nlthnuKli the ill the lance iH-twcpii thu two countrli Is 10 MtU-rubl lfSi bb Mub eoufntl lost li 1 j.fe while uttimptnii to t.wim through tl We Niuearu rapids Sale Begins Saturday New Fall Suits 'wo floors stacked with New Fall Suits and Overcoats and Overcoats to be sold $50,000 worth of Men's Suits early We will not wait but will start in Saturday with a regular Sale old-time BARGAIN GIVING SALE. Begins Men's Black Worsted Suits $5.00 Nobby Brown Cheviot Suits Saturday Cut in 4-buttoii Sacks oi' the fancy basket pattern Made to lit as well as our better suits tailoring and oods that retail usually dl right the right colors the for 8S and 10 we make a starter 4 right trimmings and at .00 We expect to sell not guaranteed right les-tf than 501) of these suits Saturday New Men's Fine Cheviot Suits $6,00 Black Clay 8uits $8.75 Fall An very-day business suit for 00 Frocks Hound Corner Sacks and IUK suitable for any business Straight front Sack Suits Ke- Suits moinbor all wool Dluck C'luy Uro or i iil min and worth e--s than $111.1.10 you cun pick them Saturduv sit Suit pi ice Blue Diagonal Cheviot Suits $9.00 The Standard Cheviot $10.00 Double or Single Breasted. Double breasted sack 4-button cutaway Sale Price $9.00 sacks 3-button frock suits Worth $15.00 $18 worth of the best clothing ever Begins The drawing card of this QTC alest made for 810 Look the market allover sale col0r guaranteed absolutely Saturday over Saturday morning then come to all wool trimmings the the Continental and best SI5 worth Hon ask to see this suit on Saturday New Second Floor devoted entirely to Overcoats Fall Great Opening Overcoat Sale on Saturday.

Suits $8.00 $10.00 Sale 20 cases of Men's Derbies on sale Saturday at 95c Fall Trousers are all on the table Begins ready for your judgment ihe prices Table 50c Saturday All our remnant Hats from last 8-cii nn on Kilo at "iOc some worth 81.50 Minv worth i 2.nO and sumo as hiirh as JH.OO broken lot- broken next to giving them away our Satimluy prioo New N. Cor. N. E. Cor.

Fall wpjii 15th and Douglas 15th and Douglas 13M.M Omaha. OHIO ha. Suits COXTROL OF THE PARR BOARD Doctrine of Homo Hule to Be Applied to that Comm ssiou as Well. OBJECT OF THE PENDING ORDINANCE Illy roimcll ii'ltiUK lleiuly T.M rlnf UH Aiitliorll III CamHie Siiir tiir Court AllouH Hit Di-ciMliiii to Mlllill. Although at the last meeting of the city council an ordinance was introduced which provides for the appointment of the members bers of the lioard of Park commissioners by the mayor and city council It Is not likely that nny attempt will be made to enforce Its provisions even If It Is passed by that time until tue supreme court finally decides the Fire and Police Commission case.

The same legal principles are Involved in both. The proposed change In the manner of appointing the park commissioners Is intended tn have this department conform to the decision handed down by the supreme court In the Fire and Police commission case. This declares In substance that Omaha Is entitled to homo rule that the boards which transact its business oball be appointed by itself nnd by no other par ties. At present the members of the board are appointed by the judges ot the district court and It Is held by the council that these judges should have no more of a linger In their appointment than the governor in the appointment of the fire nnd police commissioners. There is also another reason that has had something to do with the council's proposed action.

The park board without regard to 40 the personnel of Its members has always 10 been a very Indeperdent body. It has seen v- i fit to alwavs expend the money set aside i for Its use as it thought best and It pays I little or no attention to any suggestions of s. the council. Inasmuch as the city father figure that they are held responsible for oil the city funds they wish the board to ben n- placed mori under their cont'rol IH If the supreme court decision is favorable le In the tire and police caie and the ordl- passes it Is not probabh1 that nny great ihauRc if any at all will be mailo in the picsi-nt bo.ud. The piesent board con- tb of Messrs.

Ilaates. Cornish. Palmer and Evans. 1lorlulll Miitlstlc-N. The following bliths and deaths were reported to the health commissioner during the twenty-four hours ending at noon yesterday terday nil ths Fred Slama 1707 ieavcnworth boy Peter Hch Eleventh and Dominion girl" Paul Waack 1 South Sixteenth girl W.

Oarey 22.3 Noith Twentieth gill U. n. IJarber 1I3S North Twentieth boy. Deaths Ilaby Gray. ciposltlon grounds 1 month Frank Larson.

1S12 Lake 23 years. Ciinlriiclx lor Fiit'l. The Advisory Hoard lias awarded the following contracts for furnishing the city with fuel during the coming year Hard coal. Coal Hill Coal company $0.71 per ton. Kock Spring bituminous coal for use ot tire engines Martin Johnson.

$5.60 per ton sofu coal for use In the engine houses. C. B. Havens Co. J3.SO.

The contract for fur- nUhlng steam coal was not awarded as the board desires practical tctts to be made before nny coal Is accepted. Cll Ilitll L. Johnson has secured a permit to erect a dwelling near Forty-seventh anrl Decatur sticets. Mayor Moores has not et signed the resolution by which the council nppioprlated $1.000 for repairs cu unpxved streets nnd joUO for weed cutting. He Is expected to do EO soon and as soon as the resolution reaches the Board of Public Works that body will at once put the necessary men to work.

llrirtM iiilnu Homo. NEW YOUK. Sept. 8. Five hundred members of the Illinois naval taken off forty-two different vessels on which they tervcd during the war with Spain left the Pennsylvania railroad depot in Jersey City today for Chicago.

The men are expected to arrive In Chicago tomorrow after noon. ioM-rnmi-iil WorUmnii Driinnril. LU1EUTV. Mo Sept iA with fifteen men In it emplojfd on the government work being done at Liberty Landing capsized In the Missouri river William Stockholm was drowned and several of the others were carried i-nder a dm boat nnd i narrowly escaped with their lives irr i i i I PTMH RIMIAER AS A COLLLIFOR COLLLIFORi i East Sti Louis Man Bound to Have What is Due Him. COMPELS CASHIER TO MAKE OUT A CHECK I'lnn AVorUx All ItlKlit I'ntll Hf At- tfiniilN to Got It Cuilit-il Oill- CITH at the llimitVnlt liiK for Him.

CHICAGO Sept. 8 William II. MacFar- Inne of the horse commission firm of Mnc- Farlane Evans of East St Louis today walked Into the office of Louis Ncwgnss Son at the stock yards here and presentIng Ing a revolver at the head of Louh N. Ncw- gass the junior member of the firm commanded him to send for his cashier Frank Moselcy. Upon the nppcarance of Mojeloy MacFarlnne drew another revolver and ordered the cashier to draw a check in his for $10.416 which he said the firm 'owed him.

When the cashier bad finished making out the check MacFarlone calmly Instructed Ncwgass at the same time giving a menacing flourlnh to his weapons to ut'lx his signature to the paper. That done the man from East St. Louis lined the two frightened men up against the wall of the ofllce and with all solemnity of a judge at the bar administered an oath to them to the effect that tney would not attempt to follow him or raise an outcry. He then left after stowing bis revolvers nnd the check In his pockets. As soon ns the visitor had left the office however Mopeley and Nevvgnsa telephoned police headquarters what had happened The check was drawn on the National Live Stock bank and Captain Laven Immediately dispatched two detectives to the bank.

MucFarlane waa standing at the cashier's window with the check In his hand when the officers entered. He was to intent on exchanging the paper for cur- i rency that he failed to notice the detectives until they stood one at each elbow anil seized him. MacFarlane wag quickly disarmed and a few minutes later was behind the bars of a cell at the police station The $10,416 which McFarlane attempted to collect by intimidating wgass and "Topelcy is paid to be the amount due Mc- Farrane in consequence of a sale of horses to the Detour Commission company. The transaction ti said to have tokcu place some time ago when the t'lmo was sut for the pa menu of the money fifteen days after the delivery of the atock. Lnter It Is ab- Fortcd the time for payment wab cut down to live days whereupon the Defour company transferred Us Interest In the deal to Ncttguss Son.

McFa'lane ffnrcd ho would como out loser In t'he tianefcr and chose summary tactics to get even. TERMS OF CONSOLIDATION I'Vdcrnl Slorl C'oiniinii- Hair Knor- IIIOIIH CaiiltnllziKloit lluy I'ji 1'roiKTtlfN Wanted. CLEVELAND. Sept. 8 The Iron Trade Review this says The vailous committees that have been at work on details of the Minnesota Iron-Illinois Steel consolidation have made good progress In the last week and It Is expected that olll- ccrs will be elected nnd that the Federal Steel company will be a working corporation by the end of the month.

Minnesota Iron company stockholders will exchange 100 shares of their stock for 13.1 shnrej of preferred and IDS of common stouk In the Federal Steel company. Illinois Steel company stockholders can exchange 100 shares of their stock for 100 shares of preferred and eighty shares of common In thn Federal Steel company. Elgin Jollet Eastern railway stockholders can exchange 100 shares of their stock for S7Vi shares of preferred and eighty shares of common In addition all these stockholders pay $25 per share for Federal Steel company preferred stock. This means Minnesota Iron company stockholders glv 100 shares of their stock and $3,375 for 13j snares of preferred and 10S shares of common stock In the Federal Steel company. The cash pnld thus far for preferred stock will bo used In purchasing a two-thirds Interest in the stock of the Loraln Steel company.

The Federal Steel company It la understood will not buy the properties of the various companies that are to bo merged In It but will buy the stock of these companies This obviates the neceislty of buying out all thn stockholders The latter cnn sell or not aa they elect. Only a controlling Interest In the vtock of t-ach company necessary but the Federnl Steel company will tx- I change lib stock on the basis stated above for nil stock In the vnrlour rompj'plrs thnt Is offered. Thus 'lie Individual companies will retain their corporate powirs. Commenting on the Joneo mixer patent nt PlttsburK the Iron Trade Review says The decision In the United States court on the Jones mixer patent Is ono of far-reaching Importance to the htcel manufacturers of the countrv The common use of the direct pioccss by Hesscmer works and the economies resulting from the Interposition of hot metal reservoir between the blast furnace nnd the con- verier have madeIt an almost Indlspcneablo adjunct of btecl making In this day of cheap fcteel nnd close competition. If the decision just given shall be sustained In the court of last resort It can bo appreciated that enormous tribute will come to the Plttbburg company In roultles and penalties and thnt by so much will Its competitors bo handicapped In the nice for cheapest production.

PROTEST ON BAPTISM OF WINE Wuiurn of T. r. Wlnli lliittle- lilp Illlnoli Chrihlf licit vi llli Water. CHICAGO Sept. The following let'or was sent from the National Women's Christian tian Temperance union headquarters today to Miss Nancy Letter who Is to chrl-itcn the battleship "Illinois CHICAGO Sept Dear Mndamc In behalf of the 300,000 women of the Women's Christian Ternpcrarce union of the I'nltei States and In particular of the lfi.000 of our number In Illinois we respectfully request you to christen the battlu hlp Illinois not with champagne but with pure water We would call your attention to thu fact thnt the battleship "Kentucky" was christened with water from the Lincoln spring and wo feel thut there are enough historic stream In our own slate to make Biuli an act must np proprlutcVe also fit I sure thnt It would bo far-reaching In Its Influence for temper- aneo and righteousness.

know you will appreciate the spirit In which this letter Is written and will not feel that wo have- taken an undue liberty. Very ulncorely ours KATHEIUNE LEXTE STEVENSON Corri'dpondlug Sccretuiy. HELEN HAKKKH. Treasurer Tonight Lawn Fete 20th und Dodge fits a' rcsldcnro of tchc ick for btn fit of lulling Nurse association and Ouiutm Creche..