davidaulloa/AmericanStories huggingface dataset:
Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-07-31
THE GLUT OF CAPITAL.

An extended examination into the indi.
cations of what is called glut of capi.
tai is made by recent article in the New
York Post 1t shows that especially in
Europe, capital is unable to find invest
ments which are at once largely remuner-
ative and certain to continue the returns.
This, with the indicative decline in the
rate of interest affords basis for the
prima .facSe conclusion that the supply OF
capital is in excess of the demands of the
world for using it.
Yet the assertion is like saying that
there Is more bread or meat than the
world can eat There may be more of
each than there is demand for at the
given time; but to suppose that there is a
permanent surplusage is to suppose that
there is a limit to works by which the
productlveness of the earth can be in
creased. Such an idea, with less than a
third of the worlds surface brought un-
der the developments of civilization, is
absurd.
Perhaps some light on the alleged glut
may be obtained from recalling former in
stances. After 1873 there was plethora
of capital in this country. 1t was not
that there was lack of opportunity to
use capital; for the contrary has since
been demonstrated. 1t was simply that
the forms of investment within the reach
of the small capitalist had justly brought
themselves under distrust. The same is
true to-day In great measure. The British
investor has been notably the victim OF
the promoter, the stock waterer, and
the more undisguised but less reputable
Jeremy Diddler When the forms of in
vestment have become generally tainted
with the vices which make them the
means of transferring the savings of the
people to the pockets of sharp operators,
the situation must eventually work out
its natural result-that the small investors
will refuse to be bled further, by letting
all such investments severely alone.
When properties as rule are capitalized
at three times their just value, it Is small
wonder that the investor gets low rate
of interest on his inflated investment, or
that after due experience he develops an
extraordinary affection for the forms
which can guarantee sure return of
something's only a miserable or 8
per cent
There are still abundant fields for the
legitimate employment Of capital in pro-
duction. But times indicate the necessity
of providing better guarantees of fidelity
in the management of corporate proper
ties, and less of the prevalent belief that
the successful man of the day is he who
makes the largest possible share of the
money of others stick to his fingers while
he is handling it.
Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-07-31
Tributes to the Mimic Ball.

The testimony of people who have been
shot differs widely as to how it feels. have
heard more than a dozen members of the
present Congress talk on the subject and
have got as many opinions The worst shot
man now in public life is probably General
Oates, who was here recently looking up the
Homestead case. He lost his right arm in
front of Richmond in his twenty seventh
battle, having previously been shot through
the right arm, then in the right leg, then In
the left hip, then through the right thigh.
then In the head, as premonftory symptoms
of what was coming. =,
"when Il mimic ball strikes you" he said,
sit stuns you US II you had been hit at short
range with club or brickbat. Then the
devilish intruder gradually becomes hotter
and hotter. aa II you had turned into fur
mace of live Goals. Then perhaps you mer-
cifully drop into unconsciousness."
"It felt when was hit" said Colonel Her
bert, of Alabama, speaking OF the matter to
o comrade. 'ns Ii my shoulder was scared
with ca ustic; in fact, never could get over
red hot balls" He experimented with four
OF them during his service, and has reason
to know lust how they feel.
The two one-leggsu men in Congress VINO
manage themselves best in walking are, Dy
general consent. Senator Daniel. Of vir-
ginia, and Representative David d. Hender-
son, OF Iowa. They were both very young
when they met with the loss of a leg. and,
S hadns 0s got uhss assnohsd ssysi 70 It." Stranger
would scarcely suspect either man OF using
a wooden member.
"when was hit in the head" says Colonel
Henderson. cit didn't hurt much, for be-
came unconscious; but when my foot inter-
cepted the spiral flight of the rifle bullet it
seemed as II had experienced All unequal
collision with Jupiter, or, at least, one of the
widest and most dfssolute comets. never
was so astonished in my life. Then came
collapse"
Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-07-31
A GOOD APPOINTMENT.

The nomination by the President OF
Mr.. A. B. Hepburn for Comptroller OF the
Currency is one that deserves praise. 1t
is directly in the line of practical civil
service reform. Mr.. Hepburn Is without
political prominence, but earns his pro-
motion by his work as national bank ex-
aminer, IN which he has shown efficiency
and thoroughness. The rule of promoting
to higher position subordinates who have
proved their ability and fidelity Is the best
one for reformed civil service; and 1t is
especially applicable in the case of this
bureau, having under its supervision the
national banking interests of the country.
There has been room for criticism in the
recent conduct of the Comptroller's office,
with strong ground for suspecting polite
al influence. Whether the administra-
ton has recognized the magnitude Of the
danger involved in lax or partial dis
charge of its supervisory functions or
not, there is every reason to hope that an
appointment like that of Mr. Hepburn
will correct all tendencies in that direc-
ton,
Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-07-31
We Can't All Think Alike,

Twas the other day told a story about o
member of the present Congress, whom will
call james Smith, by one of his colleagues,
whom, also cannot identify. They are
from one of the border States and live near
the line.
"Enlistments," says the member, ''were
secretly going on in our neighborhood for
Doth armies. Jim was an orator rather than
a soldier. He never tired of addressing
public meetings. But he was excitable and
apt to be with the crowd at the moment.
One day he yelled for the old flag and the
undivided Union and the next day he helped
hang John Brown and Abe Lincoln in eff
fgy.
"One morning when Jim was in town he
was called on to harangue o hundred or two
men who were assembled in front of the
corner grocery listening to the latest news.
lie Climbed into wagon, threw Off his coat
ana sailed in. ! have but one message for
your neighbors are on the line OF battle and
al! calling unto you! Why stand ye here
idle Freedom, which shrieked when
kiziosko fell, is in peril as never before.
Fly to her rescued Men may cry peace,
peace, but there is no peace! Freedoms
ing sire to son, though baffied oft Is ever
won Rally and organize company right
here-this day, this hour!'
"'Well, stranger broke in about the only
man present who didn't know him, which
army shall we jine? Nawth ur South?'
"'Efther! either! shouted Jim, cant all
THINK aliker
at made some fun at the time" said Mr..
M. C., who was in the Confederate army
afterwards, "but I'll be hanged II wasn't
talking to Jim about it the other day, and
he insists that he was just rightP'
Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-07-31
YARNS OF THE VETERANS.
WRITTEN FOR THE DISPATCH,

1t is more than q years ago since the war
closed, and it is odd to see how the men who
went to the front then and rose to command
have stayed at the front since and occupied
the first positions
A member of the G. A. R., who has taken
the trouble to make the curious calculnt tion,
tells me that of Governors elected since
Appomattox no less than 227 were old
soldiers. large majority of the members
OF the present Congress were in the army
during the strained relations which may be
said to have existed between the various
extremities of our common country, and
this description includes every man from
the South in both houses who was born
prior to 1S4S or these veterans from the
North and South 10 were Major Generals
and II were Brigadier Generals, and field
omcers are numbered by the score.
The history OF these men is the history of
the war. Wouldn't a history of the war by
living Major Generals, each one contributing
ten pages, be a marketable book!
Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-07-31
ENTIRE ENUMERATION,

History is at times rapidly made, but to
be unbiased and accurate its records must
almost invariably be written at leisure.
Aspersions are easily cast upon an indi.
vidual or an organization during period
OF excitement, but a good deal of difficulty
is apt to attend any effort to remove the
stigma at later date.
During the agitation which immedi ately
followed the rioting at Homestead on the
9th instant, it was alleged that the can
non which, in the hands of the workmen,
so suddenly achieved notoriety was the
property of and lent by G. A. R Post 2O7.
The allegation was hardly made before it
received credence in several quarters,
drew forth many imprecations and even a
demand for the revocation of Post 2O7's
charter In our G. A. R. department in
this issue the full story Of the ownership
of the gun and the responsibility for
its use appears for the first time. There
it is seen that the cannon is not the prop
erty of the post, that it was not even in
its keeping at the time of the outbreak,
but that it was removed from the premises
of its owner-who happened to be men,
Der of Post 207 and had lent his private
property to that body for parade purposes
on various occasions-during his absence
from home.
Thus is the escutcheon of Post 207, and
Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-07-31
DISPUTED JOHNSON ISLAND
Records Seem to show ConcIusive1y 1t Is
Under American Protection.

Records Seem to show ConcIusively 1t Is
Under American Protection.
SAN FRANCISCO, July 30.-Considerable
prominence has been given here TO the
statement from Honolulu, that the British
cruiser Champion has left that port with the
intention, it was understood, of anneXing
johnson Island to the British possessions
The records at Washington show tnat the
island is under the protection of the Ameri-
can flag, having been taken possession OF in
1852 by Captain Parker, OF the brig Reindeer,
who found there large guano deposits.
Messrs. Roberts and Mayers. who claim TO
be the American owners of johnson Island,
not only claim 1t through title from Parker,
but also own stock in the Pacific Guano
Company, which Parker formed. They will
now prosecute their claim to the title of the
island.
During the year 1856 Congress passed an
act authorizing the President to issue Il
proclamation ana letters of protection to
any person who might discover an island
GOV cred with guanO deposits an1 further to
extend the dominion of the United States
over such places, and give the discoverers
full and valad titles to such islands, pro-
vided that when the title to such islands
was issued the work of obtaining guanO
should be diligently prosecuted.
In accordance with this act Parker in 1851
filed a declaration with the Secretary of
State at Washington, and took in several
others with him, forming the Pacific Guano
Company. In January, 1858, the schooner
Palestine under command of Captain Her
man, was sent to visit the island and bring
back specimens of guano. Parker accom-
panied the expedition, and landings were
effected on johnson Island and on one of
the smaller ones known as Agnes Island.
On each island flagstaff and cross were
erected, the latter being inscribed with the
fact that Captain Herman had taken posses
sion In behalf of the owners and charterers
of the Palestine and in the name of the
"a rat m ad
TO San Francisco the Pacific Guano Com
pany was incorporated and the articles of
incorporation were filed with the Secretary
of State, at Sacramento, Cal.
Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-07-31

official has been when confronted by a
bank robbers revolver, to hold up his
hands with promptness and energy. Even
q bank cashiers life is worth more to him
than the banks cash reserve. The faint
ing of the cashier in this instance was
feminine variation which made no dlher-
ence in the main result.
If there is any application to the spheres
Of the sexes, in this affair, it does not
leave the masculine half tn favorable
light The enforcement of the laws and
the suppression of crime have hitherto
been left to the men. The fact that the
men permit gang of desperadoes to ROD
trains and banks with impunity, is the
most damaging one to the administrative
energies of either sex.
Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-07-31
THE SEXES IN BANK ROBBERY,

The robbery of bank in Reno, Okla
homa, which boasted female cashier, is
regarded by an Eastern cotemporary as
an evidence that the female bank cashier
is failure. When the Dalton gang got
into the bank nd presented pistols at the
feminine handler of the cash, the lady
promptly tainted and the robber made of
with about $4,000. Hence argues the
New York BDentng World, bank officers
of the fainting sex will not do.
The deduction fails to take in the whole
case. Perhaps our cotemporary means to
intimate that the masculine cashier would
have foiled the robbers by clearing out
the bank safe before their arrival. Out
side of that exceptional and unsatisfactory
safeguard against bank robbery, this case
was not due to the exceptionally feminine
proceedings. 1t has not been the rule for
male cashiers under such circumstances, to
demonstrate their bullet-proof capacities.
The usual practice Of the masculine bank
Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-07-31
O TEMPORA, 0 MORES!

JOSEPH MEDILL, editor OF the Tribune, will
fight the Marquis de Mores, who has chal-
Ienged him, in the ring under Queensberry
rnles.-Chicugo Globe.
If the Marqis de Mores means to fight all
the American editors who have said bad
things about him he had better begin to
raise an army right away.-Boston Globe.
If Colonel Medill, of the Chicago Tribune
wants to kill De Mores, let the fight take
place in a Chicago alley. The odor will wipe
out the Frenchman in one round.-Ibledo
Blade.
THE Marquis de Morcs will probably re-
gret that he challenged Editor Medfll, of the
Chicago Tribune, to q duel. 1t gives the
editor the choice of weapons, and he will
probably stab the Marquis with a para
graph.-Ne,o York Press.
THE prompt acceptance OF the Marquis de
Mores' challenge to q duel by the Chicago
Tribune proves that the American journalist
is no coward, even If he does choose eight
ounce gloves and 24-foot ring in preference
to pistols at 20 paces.-Caevslond Leader.
The Marquis de Mores wants to fight Ed
itor Medill, of the Chicago Tribune, because
of his editorial comment on the recent duel
in France, in which the Marquis killed his
man. The Marquis should have q care.
Editor Medill is an Ohio man and has never
yet Jailed to get anything he goes after
Ohio State Journal
HAVING involved himself In q war with
Germany by offending Herr Hesing, Mr..
Medlll is about to blunder into q strife with
France by accepting a challenge to polish of
the Marquis de Mores in a 24-.oot ring. His
only salvation is to make Bismarck and
Peter Jackson associate editors of the Trio
tne.-Chfcogo Times.
THATlittle fire eater, the Marquis de Mores,
has challenged Editor Joseph Medill. of the
Chicago Tribune and with the CHARACTERISTIC
promptness of IN American newspaper man
Mr.. Medill has accepted the challenge. If
he doesn't do anything else he will make the
Marquis ridiculous before he is done with
the matter-Phind.I Inhin Gail.
Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-07-31
WITH FORTUNE AND FAME.

-FOUR living ex-Governors of Ma ssa-
| chusetts were born in 18lS-Boutwell, Claf1in,
Rice and Butler.
SAMUEL SLOANE, the millionaire rail-
road president. has q dislike for typewriters.
human and mechanical, and writes all his
letters in autograph.
SECRETARY CHARLES FOSTER took q
party of friends down the Potomac yester-
day on the lighthouse tender Jessamlne,
expecting to return Monday evening.
THE Shah of Persia has left Teheran for
his annual sojourn at his summer palace,
accompanied by retinue OF 800 wives and
regiments of infantry, cavalry and artillery.
EMPEROR WILLIAM yesterday morning
started for England, where he will rem ain q
week as the guest of the Queen. One of the
objects of his visit is to attend the Cowes
regatta.
ERNEST GUIREAUD, the French COM
poser, according to Aureien Scholl, his
eulogist, added several years to his life by
persstently declining to open letters ad-
dressed to him.
EX-PRESIDENT HAYES, who Just now
happens to be in Brattleboro, where he
makes visit every summer, is a believer in
the negligee shirt, even at city hotel, If the
weather requires it.
A. BARTON HEPBURN, who has just
been appointed by the President Comptroller
of the Currency, to succeed E. s. Lacey, re-
signed, is the present Examiner of National
Banks in New York City.
HENRY WATTERsoN is still confined to
his bed at the Richelieu. He is improving.
however, at such rapid pace that his physf-
clan feels justified in saying that he will be
able to leave his room to-day.
THOMAS SEXTON. NJ. P, was the son of
n member of the Irish Constabulary, who
dying while his son was young, left him TO
be brought up by his mother, who sold
apples upon the streets of Waterford. Mr..
Sexton is a self-educated man.
HON. HUGH MCCULLoCH enjoys the
distinction Of being the only man who has
twice held the office of Secretary of the
Treasury. His first appointment was in
March, 1866, by President Lincoln; the Sec
ond in 1856. by President Arthur. MI. Nc
Culloch Is in his 84th year.
Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-07-31
Getting Shot Near the spine.

"How much it hurts to be shot," said Sem
ator Henderson. who got several mementos
of that sort during the war, and he likes
to exchange views with veterans, depends
on where and how you are hit. II It is in an
extremity, or in thick flesh, the wound is
not generally very painful at once, and men
have often been so struck, and even MANNED.
without knowing it. But get hit along that
vital center, the spine. and you feel as If
red-hot spear a mile long had been thrust
through you"
asked Colonel Stone, the Kentucky SOL
der. who is generally seen on cruthes: 81
didn't know Mt first that was wounded"
trouser leg as ifa brier had caught it. or n
playful kitten hal touched it with her claw,
but pretty soon 1 fell in the grass and lay
there all day and all night while Morgan
Ohiou
Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-07-31
FROM OCEAN TO OCEAN.
Zoe Gayton Is Now Trying to Break Her
Vol ReN0rd.

Zoe Gayron Is Now Trying TO Break Her
Own Walking Record.
PHILADELPHIA, July 8o-The only woman
who has ever walked from ocean to ocean,
Miss Zoe Gayton, passed through Philadel-
phia on her way to Chester last night. She
has made a record 1886 miles in 1857 days, be-
tween San Francisco and New York, and is
now W alking against that record, to beat
which she must walk from New York to the
Pacific, via New Orleans, n distance OF 1859
miles, in l67 days. If she succeeds she will
win so, 900: ii she fails she gets her expenses
and loses 90, ,oo0. She says: II will win or die
on my feet"
She is q splendidly proportioned Spanish
woman, 81 years of age, who has spent the
last years of her life in this country. She
has three travelling companions, Beauty"
her dog, cocker spaniel, which is worth
$500; Joseph Price, whose chief duty is to
keep her in good humor and incidentally
to "brace" farmers for accommodations,
and William ]. Marshall. her manager.
Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-07-31
A Ball Cut OF His whiskers.

Senator Cockrell was drawn out by his
brother soldiers in the cloakroom one day,
II was shot through the left leg without
knowing it," he said. 'I didn't even sus.
pect it. The boys discovered it when they
were carrying me Off, for was hurt thl ee
other times in that same battle. The worst
hurt was made by bullet that didn'r hit
me ut all. 1t passed under my chin with a
satanic whisn and a slash like a saber
stroke. 1t seemed as il the Federals were
firing butcher knives. 1t stung me hotly and
l thought my throat was cut, but when
felt of it a lot of my whiskers came of in my
hand. There was no blood, and the suffer-
ing was only momentary; but IL hurt worse
than the clips that hit my arm or legs.
W. A. CRogBUr.
Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-07-31

Office he announced that brook trout would
leap continuously from Pittsburg water
pipes into Pittsbprg frying pans, that black
bal would impede navigation between Davis
Island and the West Virginia locks, that
grayling, and shad, and salmon would chase
each other through the streets whenever
there was q shower and that deviled crabs
could be caught with straw hat from the
various bridges as they loated down stream
insist upon an investigation Of this delin-
quency and suggest that even the market
price of salt mackerel has not been affected.
Let him beat the pen with which he Stayed
the dragon into q fish hook and be con-
demned to catch fish every day IN either
of our impoverished streams. WALTER.
Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-07-31
DEATHS HERE AND ELSEWHERE,
Ex-Governor Charles II. Hardin.

Ex-Governor G. Fl. Hardin, of Missouri,
died Friday morning at his home In Mexico. In that
State. Charles H. Hardin was elected Governor OF
Missouri in 1874 aud served two years. which at
that time was the full term. He born In 1920 in
Kentucky. and while an infant was brought to Mis-
souri, by his parents. His mother was sister Of
DR.. William Jewell the founder of William Jewell
College. Governor Hardin was reared at Column
bia, where he attended the State University. He
subsequently entered Miami University, in Ohio,
and graduated there. After leaving college he
studied law and began practice at Fulton, Mo-. in
1913. In 1S4S he was elected Circuit Attorney of
the Third judicial Circuit, and in 1852 member of
the Legislature from Galloway county, serving
two terms. He was appointed member Of a COM
mission revise the laws of the State in 1855. In
1858 he was again elected TO the Legislature and in
1850 he was sent to the State Senate. Governor
Hardin took up his residence In Audrian county In
1861 and in 1872 he was elected to the State Senate
from that district. He had retired from practice
and was about TO retire from active public life
when called upon to accept the Democratic nomin-
alton for Governor. He always took deep inter-
est in educational affairs. and founded Hardin Col
lege. which he endowed with 81, 900 in money and