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Show The Sakf Lake Texjeguam. 4 four recently-organizetrnsts have paralyzed the buyer, produced a general fright, and terrible liquidation of good securities to protect bad one. Despite this liquidation, which has reduced the average values of securities V?t per cent, bank loans have not been reduced, nor ban the surplus reserve been materially increased. It would be natural to loot; for a corresponding decrease in bank loans in, consequence. Tin's has not occurred, and I have not seen anyone vet who has fathomed the reason foe it. It mav be safelv said that this singular result, so contrary to all previous experiences, has caused much anxiety and produced grave apprehensions. Kx planation of it may be possible from people who un derstand the intricacies of the movement of money and shifting of loans. I'.uyers surely will be attract ed, however, as in Wall street convulsions of the past." Mr. Kceiie and the rest of the stock gamblers may be puzzled over their failure to create a panic. but the explanation lies in the fact that the business people outside of Wall street are beginning to think and act for themselves. THE PEOPLE'S NEWSPAPER. Published Every Evening Except Sunday. , by the SALT LAKE TELEGRAM PUBLISHING CO.. (Incorporated.) Office 143 S. West Temple St., Salt Lake City. Utah. xc.ephone Calls Office 210; Editorial Room. GOOD STORIES OF MODERN MEN MAS BEHIND CARNEGIE. TERMS OF SUBSCRIPTION. One ypar. by mall, in advance .. vmx by mail, in advance On months, month by mail, in cxlvance .15 "week, by mail or carrier ... 8 cents "aTiR, copy, everywhere Remit by P. O. money order, express money order, bank check or draft, ina the name and to the letter, of t.hn BAL.T LAKE TELEGRAM rfJBLISIIINO CO., Salt Lake City, Utah. to the Editorial Department whou'.d be addressed pertaining to the Editor of the Salt Lake Telegram. Rejected MSS. cannot be returned unless postage is ent for euch purpose. Communications to advertisements and business should b- addressed relating1 to General the Manager, Bait Lake Telegram. 12 W. Second South St. General Eastern Adv. Agent 3. C DECKWITH. Tribune Bldg.. New York City. General Western Adv. Aent HORACE M. FORD, 1151 Marquette Building. Chicagro. ii. lh 1 "r-d'.tlo- bk WASHINGTON. Ji l; Vr.f;uhn a. . n. fi rrfil r.n n ihny." th rrlU ..tuU.ii nine form (S r An In t f .v tr.cr li ln-j-- Lov r. WIimi vnun;c At, !r ;. .r it." t! l!y i l t. l. i.f,'t U v, . , m - . ';".! l r T, 1 & . . 1 i '. )t 1" Ji.: - i!r;.f i . . r: :!(?.n . rf . ..i"ri't?.x v;rjT.. . , : - - t:"Z t V...--r 1 ! -- , NATIONAL rr.'.i Is, eV:rf J r ! BAM, tX),CXXX n- s j-- J. . 1 Art. ..Chr CAlir tt. IfU.t !cr Tjvr.. : f t l.-";-t ,l N.-t,'-r- y r itatcs Dnrosrrcnr. r?.:Tr.: j Ca-it- U 1 n l"-n- m S3TASLi&cr.d uul Iro:t Uui f ;r rwe. CU.1HIECUL J .iv a i- . , . !! I si i: Deseret National Bank , i '. v t": aIa5. K'.'n : Wtlul.: r:r' C.ui;' kU -- In t!. nan t urn: h i V' t it r :t John . Sni:t (f S n I r f !xtl T:.rrr..n A. Snritt, r - 4 r,t f t?." ur: t I i lrilci;i!' T.l of th' njjl.i rail . r . . . ..... . r t: t . i ' t - t.....i . t.i i ,i ii nt . f' i, ..jr. i j.uir .4 ti.t tru ar.l to !on fit i iti- .mil thcr work. A f t r a !. Kllt:n yufut i t:.r r !T." x f :. - j t i 1; It C ry S ittu. ty. frfIoin rf Kn lltt!" th" tl.y fxtcnkt40 th" ' f lv, 1: rj r. vnlurr.f. lll.rary of t:,.V' lh(Tn whin hy fair.? to cs. - i :: ; W'ci-Atv- .. INIUAN'Al l'ooVs rl. I 3! Cvuncll of tb J r W V--- r St Tt lit f 4 ) -5 o,na hi rllt. P.I library iv-K-- tirr.K',-a?.:rlb.- ih.t!-- i ta !j,?,f,j ,r:"l ::! , b-r.- wt."m r '. ; y .1 t T.th'-ula-!- J :. to Slat rtr :. V.c..f Aninui 'V;irrn. an.! John br-An of It; pU Hr "Col. Ai. t AUc thU r.nn -- Hon Manuel 1 ron-fin- Julilaat. Jcso Manuel MM-di- e . :-- BROS, Banters, I ALT UKS OTT. tftty New Alb.nny. In authrn Inyet. In f.iirly fmml diana, Man nn tdl b:m!ory. whT. tim" nivl i r rp. rational lok. arr' nr. a lovr ti lutlrtc lntrrtft shoiil tl. ft rot ut lir.Krr. Fifty jarn - W!t. ;rr. -- ; C re a. J.:.-t- .a -- 5 ir.t--iwn- -- ! - a!-tn'll- Another Utahn Going to the Front. - X- ;- I t.--.l l- 48-- 49 " Ian, tf Along n i: i.y .) WALKER Hbout mil' Known People. ? I - Communications V'JinruviwiArjvuvwvuuuinrj-j- ' d The Evening Telegram. ti"kiay i:t.nino. i. 1 McCORNICK & CO., i.n. ;1 . 1 nc l.o h.i.t ftt It," n "No or e but In h!( "O.ij nf Mr. tart ..th.' "can tv r know t!. tn'.r.'" Inr.cir.c wlih rt Hntur! y vl,Hli t!?1 artl.;l t. .;w .ilt !. th-- t u r.' a-- - k n.leht li" r. -., . ; 1 1 . BANKERS, e HALT LAKU CtTY, err-- i t' .m: . Every loyal Utahn should be proud of the ;ri.) r. Ct.trJ Trtfn progress in the work of art which Cyru K. Tan Head Ce:iut Ar?;-:: l Mr. who is making. Onlv recently Dallin, ! A J j !i rcli:,jc In th a It triurrijr::tN';TN . ' f i ' n t i r , m r t . f t l r t !. 1. tahn, thit coinpletetl his ligure representing tK" wl;!fh i Vr r i i ; Bank of the Republic V. .. It rts" of at Entered at the PostoSEc at Salt Lak City, Utah, as SscSioux the .:.-. Indians the the nii.-r - r.r protest by tint n!:it,:i,f, :,r liking ur(, tr( .,!. ,J Matter. r ; l" :y :i V v foi was inerl which Louisiana , i?"r great territory, A. .J;1 . . i r. A !: I Ins c.. .,u CiCir. ( Ji rokee Indians. r. bv vned Snmx and the that m?i Telegram readers leaving the city for n UDrbett at v. r.niir.y. win.!iff-,MiUr...n-ll!vu.i h J.hn set on can. one main be of the boulevard ly nc.'l irllffl'V statue will have their paper sent to week or mora up rA!rc ,'J t" tret'o t r th j:r .it til raJ ;, roll. t.Ai. : ; their address regmlarly by mail, without addiHi f t f u t in the main section of the fair grounds. The suc- ry jrlf's Ar.!r .rr'ti' ' i"m x- !. u ' v tional cost, by making the request, in person or 1M7. at V.iM;lr,2!.n. I a. Hi itrrIn t Mr. ' a of is cess of an ; ' caliber '" artist Iallin's rr , hint; big r rM?i:iif r.t I:: lh nil Hn'4,rr by postal "card, at the of2.ee, No. 149 South West t.U ,rr,..:v;i i. 3," M f.ttl r, n t:.l for his native State, especially if he hails from the lr. ?bvt. ri ui hurrh; Temple. - :r. V: Vtivt. xl'.n rjin. a nf N th WELLS, FARGO & CO. DANK far West, for the average narrow-mindeEasterner Car, h r. !M- - .i I'.y-- j irxt? nui Mar.uf Atturrr Dev.!. lira, ' si TUESDAY EVENING, JULY US, 1003. l ei , would as soon believe that the wise men of the AfO-- hit it r it iifue'icv ' at i ' .j Vahr y Vj'k ' iff-iiible came out of the West as that a successful ar- !j ctrn i;n!n.i1 rnij.-cIn Mr. m;.;t . ,.t j t w,!.f.t e:, r ';!!; ... ... erri :: : i A King Who Rules by the Constitution. tist could have been born and reared in a State in Ky.. ar.-- th-- ni.,rrl-- M!m O D.-ii!"rrr.aa at nn !,! rronlr.fnt rolitsclnn l .tlfrll. EmjK-roFrancis Joseph is one King who be the mountain country. Men like Dallin advertise fiut i n'ty of r tl" . i .v a i. r.i.; c n." nb w' tk .jr v. : . ioves in ruling bv the Constitution. Those who their Slates. It is the kind of advertising one could i t. ,;:.v 31. C;.i' t is xiid Louis This work St. fair oM)allin i . Alt'. Cm1 . buy. n. for ; the c uive heretofore, entertained slight respect The wonderful its execution. statue in rej.reged monarch find that there is reallv a streak of seats a n c!mv. t r "I !M v.l r.t ral's r.ctuxn. rrrtrnantt on of Sioux mounted one the fa make-up- . have in the his Hungarians Lately gold U 51. or;:-f.f tl A. Wt in tl;- V , ' t, become too unruly and when the new Hungarian mous Indian ponies of that tribe. The steed is H ln" a to Klar ,V,' Wa'.r.irtnn i: R. G. DOIM ;i w itt.-to . Jem. .. I Prime Minister. Count Hedervary, told the Emperor drawn back on his haunches and the Indian's hand "I. t. st: ntarty I . Am . ' ...!; !.: . ...n..t.. ' ..s.i. ' 'i l i ; raised in protect at the seizure of bis lands. The ,i ' "till rsr. nroiiGi: r.rcr. rrii that he saw no other means of restoring order in is v k or t r. iav-- In a t ; f n th tar a is Sioux ' of his the face . r.d , Utah. modeled, OCcm ir. finely expression WVs ;nlfor fojii. to .arn Yn;j Al.vk.tt DuivJaiv Tiiburrl. Vycr;!n, the kingdom than by dissolving the Hungarian Par- and the raised I a Jn J "T . at lb tin u !.. .vti...l hand giving unmistakable emphasis I. Ct .. J .i: n r !. I v., r,. .. liament, Francis Joseph llaily refused to take any to the an h t I h n n.ivb-'I riK" f .,,,: I, sculptor's idea. The statue is to be eighteen n:.; i ti o: r i ir !; i I t rw. ., such step. "Count Hedervary.'' the Emperor said, Acr:z5;r::r.:cT :;o. 3. an rtnvalr. I t!ir nboal p!x lis ii;.; tf t . . . a.. p,.ik feet is linished As the Dallin, high. by Jigure j only of . crown the double vears it.onih-the many ago. "when, one fifth the size of that to be placed on the grounds WT.i 1., r t f.ll hi with W.. ly. nti wits put upon my head, I swore a holy oath of the empire bur'.-ol.l r. la;". l . I.Ir itan r.btit. I r of 1 and the next week latter ji exposition, part all circumstances b 1...'! under v. It and .c. I lb'M..' uui ii would t:t:' t ' S that ' f f f always ll'.Hl!: . : it will be shipped from lloston. where Dallin lives, W ill- t u ri:r.:.tN. Jwpv.,iKoii; witli W. !y r i , respect our Constitution. There have been main to Chief Karl Itttb- ?b'"tir e: h d"ir.ir out. st.e ri ' exof director for the r f I.iter, . I , ' a '7"S a I i of Ir t '' t sculpture crown a ran .! ;: Mr. like been Ml.n 't ai. times when this crown has r . v i e; I .4 ra b nv "Oirto I ,a tnl nf t Jt Mr. in Dallin studied under Paris Kii'jrart.i. Henri th.. ;!!;-.- many times when temptation to use violent position. an-sr. rnra'.r.f-'i: eh b v.th I'.:rty. Wo nC';l N f '..f'i: tl ) '.Vr in tf aM a Hoston and had for studio some v t e re.r: a Chapu, r Ira: r him a out I ;. years j un. I .abtjt means has been very strong, but have always ." a iru:tatn-lb v. a hnnii: ilk. n.! :t membered my solemn oath, and now, when an old before he went Ot ArlillL'toll heiehts. When he w.mk 1 J f a. t n so ri r.m n an t v.'.:'. a - r man. feeling the burden of the crown resting heav- given the commission to make this statue. Mr. ra- t 'K.z WLia t t ' ar . a, I uas v, ,l ; at!!:s- i to ' zei a m) of St. (Jaudens, was alsf) given a coma ' i DAILY 1 still remember this oath and 1 will ANIMAL a n er me. . . yf. ily upon ' 1! t t to mission a make statue of Cher,t characteristic an "I!" .:'!', tie aril is 1 t!br r f before. I it Put keep it now as have always kept STORY FOR THE i! it Jiti t Or'lit m f,, ' I! okee to thus two the Indians, giving ' rv.-n w I representation in V.V a of i.;' lb bia will say this, if order cannot be restored ffj Hungary I I in a c t WEE SALT LAKER t r.t. v,Hh .v or Itvllan nations which emit Louisirolled the tfj great formerly A. J V." within two weeks; if the people will not respect my l a ". fii tn XI. una In th'.lr. I ft.fa a., at ..1 nut. f:',...! n !! wish to sec peace reign throughout the empire, then ana territory, the purchase of which the exposition irf t n 'al ,i lb !.,;' mjv,a,ir t ;( Tiir. rwLron:ii:D chicki::.. This mes is to commemorate. I have made up my mind to abdicate.'mila j;. r .tt. l fell c! a i. !ity of lbtin.iln-iar !t' '.i a!aat Tin: coorsrr.rD r:x:;x:;o ct.y... r.r Xl.tu sage has the right ring. If he stands by it there is t ts ' t ;.n- t!.t:. t a n little doubt that order will be restored in Hungary. Capital and Labor Arc Coming Together. tl r .:: t of the vaun'ry nft- r tiarjutatrj by f u; In ;.n ::, i ri ( v a ,t r f r a;:." ! The conditions in the Austrian Empire have, durinj fjl at. ' "M !, la 1a Lovers of peace and progn-sin the relations : A ; t ia a the last few vears, become absolutely chaotic. The tween '!t,;i.i: ri capital and labor will note with pleasure thai I i b It t: es Il.r. empire is composed of numerous different nationali the dispatches from tlie coal regions hae recently r " l t. A LITTLE FOLLY. .l lhv,. iv ;ai!, t ties, hating one another most bitterly. Emperor contained important and assuring information. a r t'a ', ti in'' - a Francis Joseph has ruled all these different people From Wilkesbarre lal wet k anie a nies-a.g- e that i.t t- e diillusio:;mi::;t. v t Mr i with a master hand. But evidently the strain has the board of conciliation had met and reached an t Ti it .. ; become too much for the aged monarch. He knows nr.- i". a rr.' T!. t xh. tl on dematters certain before it, while ihe agreement '. tr. f... Vt b a l . r that the empire may go to pieces if he gives the ex- cision regarding others had been reserved until t rf r ?. if "Itit"' jh ' t; ; v r ,i t ?j ; ... t'oK. ecutive power into other hands. He knows the heir i u:cQur:;T r.:.r.. : ,rta t a: could bo made to determine some unsettled ' a C l:a presumptive is hated and held in contempt by the fjiiestions of tact. Students of the gi eat problem ef 11ut!." v::t3litni i v.ur f r ei .:? v ?r ,?: whole nation. Hut the Emperor is worn out. He labor in its relation to the ' .! Vf,y V ",'V.-r who have cue- I employer k Em since ever the wh'ii heartbroken has been day fully followed the course of the prolonged strike of Whatever was assassinated. HOW COULD HE. Elizabeth may press the coal miners and the subsequent aibitraten, may must be now be said of Francis Joseph's character, it ar t ! reasonably hope that the forces op. rating this s t. t admitted that he is a nam of his word. Hungary is t it u r industry will never again engage in so h.ug j "Aw. v. i I' a at J 5 'i: i r therefore facing the most important crisis in its his- great - J a! r. t a and r;; war. While ihe of woik s arl the costiy urato? tory. The abdication of the King would mean revo- appointed by ihe President was in all jut what siary 3:ua:;t. lution and anarchv. to both sides and performed without fear or faor. IV. ' I twn so altogether well done that the board's Mar- - Sa:,f : i ; t! is i. lepou. T'e. a ::. "1 ar? !" Why Wail Street Cannot Create a Panic. now being circulated among both employers ami em- .'".I: u..:'-:-t I" t:.'a i. t:' -ite.(A." t r. i'ir The fact that business men, especially bankers, ployed in order that both parties to a labor ten; tact a u ;.. throimhout the country have refused to become may have a general understanding of the pi over the latest paroxysm of Wall of right and wrong affecting theni, this report does same rxr.Li.a. the J after all, constitute the main result. The mo- -i street convincing evidence that the financial heads not, outside of Xew York are beginning to think for valuable part of the work is the inauguration of this l lbr. r CTt I r r. f.'-'.. I ivjI : :r :.themselves and i.re conducting their business ac- system of conciliation by which both sides may i I.t v.a ". t f thi n"t In l: .55.. . their to a of men grievances to individual body cairy years past During cording judgment. icpre - O'. I r. i. f, j. both sides. Under this plan of settling disputed .v. ;:. .41 si when stock situ ips of a serious nature occurred in : ;: ., Ji; in the rancor, passion and prejudice that Wall street every banker and business man in the questions, r .' ,"t alt v; HEM GUT. country began to pull toward the shore. Wall street often appear when an attempt is made to reach an a was the great nerve center of the financial sstem, agreement after strike has amused bitterness of a f .r b t'b-feeling and stubborn determination to yield no unevery bank in the country a nerve cell, and each ' Tf ! v of the street affected each of these important point contended for by either side, car-no- t '. .. t nt Mr. ' M..vk J; v'i- a t! ' I t The n..;" eoncilia-tion, members of the board of prevail. P.ut T- rf. tiy Sifh this system of nerves .i little cells.. :. i !t v Ha i.. tl.f t.i such becoming acquainted with each other and with rai"- ;t; Even a shattered. is !. ':. tr il n av ! Ii ' Utt V being rapidly the situation V.1. stock veteran VvM VX-- Vt"' and an astute financier generally, and in its details, are able to V ' ' i aj !. the at a issue in over K. the is Keene approach of James questions as fair spirit puzzled manipulator ness backed a knowh not affected the up convulsion has by fact that the present dgo.of existing condit ftif; ft on nerves of the country bankers. "I don't see why this tions. Labor and capital are to be I .! Wa Wt;: "Wl.it :. a'. m A c 1 1 v n i a t; r. r a t y fa serious decline in stocks should affect the general the results attained. Each is learning by, radical b w i: . 1 I t 1. "'a'" a. demonstration " e h that Dr.: If neither can iv si:rrn:i:r: Pan crush the other and prosperity,' Mr. Keene says, "business is good, v crops are excellent and gross earnings of railroad that their welfare is mutual ami dependent. It w ill 9 w a :i: t g A FT E It L0::G are larger than they were last year. I have no doubt not be many years before strikes, lockouts and boy. ." v a will be colts ancient In will history. net be their correspondingly large. I'.. j. earnings la ' v. n rn i a Ivtr, " t t ! I . t no confidence. f of 1; bli this, people have j They spite ,. ; ..1,: . ;e t ' ' Sa r The b K at v. t rr. Polsoni. decline j.rison has Cal.. furnisln y that t. are appalled at the tremendous delivery Aff th .i r r. ! , a t a; to " s iI : ' taken place, the explanation for which lias not been convincing pnof that the penitentiary without a Vti n e e t r f t? S it t;, ;: - t : : la 'a r at f ririf fa reasoned out by them. The extremity of the danger wall is not a success. The recent eeapo of convicts That - !.. ' t :: it t r t ; re-- . ? t .t a; ' 5 r t 20 j sf i ,.' .t should bring relief from a concert of the financial from the Cain on City prison in Colorado presented " ' U "' 1; ; w ; tv and railroad interests to stop a further decline, more evidence along that line, as this penitentiary 1 1 1 , - c tr. r . rf f II t ft n T? . fill ii; a tin; TKU:ar.AM relied upon mountain bluffs instead of concrete ! ' ?. . I which must gather force if it continues. Perhaps a ..t p It !' t : . At a ta;r t ui ;.i ;:: t m :.' t: at m r: g tt I the best reason for the present situation has been walls, as was the case in California. a .. i.i v. th fat t'.. y rn ,! inr.r.1: r ; if A. f t ir t .an tf t n fit jfc t the absolute unwillingness of the public for some 7"'f;Tna v ' b R It - : r. , ; . ,,Mti f ,m VI With volcanoes and revolutions to Prr.b' Jv 10'1-.-';:-- tr m. itf earthquakes, time to buy securities. If you have sellers and few ... Tl-l 3j ,',1 Ia ilia f if (IT I contend I t the Panama na. with, ill I result. f'j-' canal overbelieve the to t is a it r .i l si k I tr Tla ii, cms 't Sff easy predict project buyers .f t; . tt- .. r..te;. at:;..A tl; f ' if of a tht 3 at.MJk'mtjmemmm-msrswm'rrm.violent death. of danger dying disastrous or and the three -- i: ia :aiu:t k. ano.titu. collapse capitalisation 4.se ..raniwfTira t'T"lv"ii,wi' n . ii 1 TO MAIL SUBSCRIBERS The date when your subscription expires is on the address label of each paper, the change of which to a subsequent date becomes a receipt for remittance. No other receipt ! sent unless requested. ' S. T r--f 1- !-- ft-- S . - " : . ' M-'- . ,;- f:i .National i J .v -- end-Cla- . ss 1 I": 1 1 5 . 1 G-- rn X-- os . .h-- t 1 j --i- f t-- -- : - T e 1 . -- r Wfll-Know- i i ; i !u.-.!lo- n ; s i d ik e-- ; n i h!-rr- i 5 . 1 j x . : -t 1- i r ' 1 "t : : : r(:uj a r l 1 4 - 1 . ff'-r?r.r- T I V. j . - '. ', 1 l- - - full-bloode- I T r-- d A-- - I . i .1 I ki't. -h :- ; i I v. . I I . i I I . . ; j " ' ? T : CO., 5 : 7 - j c-.- ! aK-- I ; l t-- i -- j . s . 1 -- - 1 1 r - f :" tl-.- - 1 1 1 . - 1 A -- ; 1 f - 1 -,. ,- f t ; S 1 '. ! .me-ir.- i;'.--'.- . 1 " v , ; 1 -r . J , r- 1 1 1 . I 1 , - 1. r - - v. 3 1 - j f . - . . j l 1 " I : 1 1 - . . . - ' - j t 1'..'-'- ' - -- - - : i - 1 I -. Wi-r.- I .1 . t 1 1 - ? J b--r- lt-I- !- 1 : ' l r i'-- - ' 4 1 I - f " j .'. - ii- - j .ll-o.J- . i v ) ' r - " -- - 1 5 - " -- f. - r - 1 i i - i i i T L rr : - 1 ! i . 1 .' --- ! 1 T T - r--t 1 r? i;-.- ; I - I- V. in-piir- 1 : 1 y 1 1 : . I ! 1 - I 1 I . j - ri-.- - J 1 - l- j ? ?. : I . . - . . j . Jt , 1 . - T. !:- ? im-iple- : ., 1 s : m . s : panic-stricke- n r " : ' -- 1 s ni-in- - . - j - r- g 1 . ; 1 - 5 r-- . r. 1 J . 4 . 4 r r 1 ' ? con-vuisio- n .-e.-h7 - a- .- 1 J - ( : - -. : I.-- I '. -'; j .1 j l ! con-jratulate- H il t i . r 1 -- If Ycu Have Goods to Sell A , . '. - -- Yl'-AK- . 1 1 - - 1 S. S i - ? 1 !.: t - ? . " : 1 ..-- .1 1 j '",r pi . . i ". 1 - ! -J . ; ; .:-. !- s 1 1 1 . . t . - -s -- '- ,- 1 1 r.-- ' ! - , - 1 11 1 -. . . i . '. ti;-t'"- i.-t- : p-.- .a K 1 fc' V. ,. - t- r-- s - ? - 3 "J - t-- : -- s i ? ! l.a i - i . - i " 1 - - j 1 1 r",- . i'-- . 1 t- -. t- i JK-A- 1 Ik |