davidaulloa/AmericanStories huggingface dataset:
The herald., 1897-09-21
Endowment Insurance

From the day when endowment iusur-
ance was first offered down to the present
time the endowment policy has enjoyed
an immense popularity among those who
are accustomed to consider the possibili-
ties of advanced years and declining
kind afforded the family protection against
want in the event of the death Of the
breadwinner, endowment insurance went
further, for it gave not only the advantages
of ordinary life insurance, but added the
advantage of a good investment beyond
the reach of business fluctuations, indus
trial or commercial failures, and the un-
certainties which are connected with gen.
eral investments. Endowment insurance,
therefore, is both life insurance and in
vestment insurance, II 1t can be so called.
1t will be acknowledged by almost every
one that 1t is by no means unusual for
man who has been able to make a good
living to be obliged bv Ill health or ad-
vancing age to give up his business at
some time. or If not, to be obliged to give
UP some share of 1t, and see his salary or
income diminished Endowment insurance
offers to such sure means of adding to his
resources at such time, and indeed 1t has
very often been the only means which
time and circumstances have left him.
Investments also of all kinds are liable
to be affected by business depressions and
carelessness. and the passion for specula-
tion has ruined more than one man who
believed himself secure of a good income
to the end of his life. Happy in such cases
is he who has an endowment policy, for
its maturement may give him all he has
to live upon or place him once more upon
his feet and keep his business going until
better times dawn.
There is another advantage. A policy,
If taken when young. at low premium.
may be the means of giving his children
an education. A child may have natural
talents which If cultivated may be worth
much in time but If neglected simply go
to waste or develop into evil directions.
And an endowment policy can provide the
means whereby an education may be Sc
cured which will make the boys capable
to fill a good position and be successful in
the field where this talent naturally lies.
Too often are men compelled for lack Of
education to work at something for which
they have neither aptitude nor enthusiasm,
and without these success never comes.
We know of one man who on the birth Of
every child took out an endowment policy
of a few thousand dollars, maturing in
Is or 20 years. and this would be sufflcint
20 educate them we'll. An excellent plan
and businesslike forethought. and the man
was not a wealthy man. either. Some men
think because the policy they can afford
to take is small 1t is best not to take any,
but this view is that of the man who pre-
ferred not to be good because he could not
be perfect. Both are equally foolish.
The herald., 1897-09-21
Financial Notes

Fall River mills dividends for the third
quarter Of the business year of 1867 are
the smallest ever known (.49D less than
one-half of one per cent. Capital of $22.-
133 900 has paid only $110, 49, against s192, 500
last quarter. Out of 80 concerns. 25 pay no
dividends, and Is pay from ! per cent to
per cent. The total OF the three quar-
ters has been less than "a per cent. The
corresponding third quarter last year the
mills paid 1.25 per cent.
The Western Union Telegraph company
directors have declared the regular divi-
dend Of IN per cent. payable October Is.
The American Bell Telephone company
has $4,000 per cent debentufe bonds
outstanding which become due August /,
1898. '"rhese bonds are subject to call at
no. 1t is understood that these bonds
will be taken up and paid for out Of the
Bell company's surplus"
Fifteen years ago Richard Jockey Of
Helena, Mont. bought the Diamond mine.
near that place. for 90 cents. Last year
1t brought 81 100000.
A Fairibault. Mimi, corporation with
great capital has been organized to mine
iron ore under concession of Venexuela
paying q royalty Of 12h cents per ton.
Montana turned out last year $50. ~. .0So 10
Of mine products.
1t is mighty poor state in these days
that does not turn up gold discovery,
An fnnusuelly rtch deposit Of graphite
The herald., 1897-09-21
ON CHANGE
What Was Done Yesterday on Wall
Street

NEW YORK, Sept 20.-The stock market
was dull and comparatively neglected dur
ing the greater part of the day. and the
market advances were confined to few
special stocks up 10 the final part Of the
session. The bears, encouraged by the
lack of activity In tnes trading and the
rise of the money rate. then fell upon the
market wuth such good effect that few
active stocks escaped with a net decline
of less than a point, and in a few in
stances much more loss was shown as
a result of the days trading. The pres
sure to sell as the result of the decline
was heavy in the grangers. The final
liquidation left 1t still with a fractional
net gain. The local gas stocks. whose SEN
sational advance has sustained the market
on recent occasions. were prompt In the
decline. The Vanderbilts and trunk lines,
the coalers and leading industrial shares
and specialties all shared in the weakness
and nearly all showed declines of a point
or upwards The grangers were some-
what sensitive to reports of bad weather
for crops in the west, but the decisive in
fuence in the decline was a sudden stiffen-
ing of the rates for call money to per
cent Quite large amount had been offer
ing all day at as low as 2 per cent, but in
the final hour money lenders demanded
4 per cent. There appeared to be large
demand, and figures ranged from to 3
per cent, loans being negotiated at high
figures up to the last half hour. The close
was at a decline to per cent. The stiff
fening of the money market came too late
in the day to affect the stock market.
Rates for sterling exchange were some-
what harder during the day, though the
market was very inactive. The posted rate
for 60 day bills was advanced half cent
to 4SSh Actual rates for demand bills
were quoted " higher, and for 60 day bills
per cent higher. Railroad bonds we're
not so actively dealt in today, sales amount
ing to $2,500O00.
Bids for government bonds receded a
fraction all around.
The herald., 1897-09-21
Chicago Live Stock

CHICAGO, Sept. 2O.-Cattle--A sale Of
eight fat. nice, heavy, snowy cattle was re-
ported at 6.00 the salesman obtaining $5.5
for the remainder of the lot. Many choice
cattle went at 52505.65; low grade native
steers, 3.95Q4.95; cows. 3.4Oa44O: the few
veal calves went at firm prices, the best
landing at ZOO.
Hogs-Packers took many good big hogs
at 4.10@4.15; choice bacon, 4.3O; not many
heavy, however rough, had to sell below
$50. the great bulk of strong weight hogs
going at 3.95@42O.
Sheep-Local concerns bought mutton at
3.75QD4.00, and q few fancy lots around 410;
sales ranged chiefly at 3.5O@3.75. common
lots selling down around $40; lambs went
slowly; good many were wet; choice to
extra lots sold at 5.0Od6.50; good and best
feeders around $475; fair feeders 425@4.5O.
and very common skinny culls at 350@4.00<
Receipts = Cattle, 12.000; sheep, 10000;
hogs, $4,000.
The herald., 1897-09-21
European Markets

NEW YORK, Sept. 20.-The Evening
POSTS London financial cablegram says:
The stock market was stagnant today,
apart fom small revival in English rail-
roads. Americans were dull at the opening
on the New York lead this morning and
on reports of business difficulties of a large
operator In New York whose name was
mentioned in London Times cable of
today. There was little disposition here
to purchase largely on the reaction, but
New York bought Denver preferred and
some other stocks this afternoon, and
prices closed generally tirmer
The Paris and Berlin markets were dull.
The herald., 1897-09-21
CHICAGO MARKETS
Yesterdays Transactions on the Board
Of Trade

OI 4IaO0
CHICAGO. Sept. 20.-wheat ran inde-
pendently of Liverpool today. 1t started
weak against Liverpools opening strength,
and when the latter was losing the Chicago
market was gaining. The opening for De-
cember delivery, which closed Saturday at
S2h. was at from 92h down to 91%, and a
few sales were reported at 91M the next
moment. Then commenced rise, which
In an hours time had advanced Decem-
ber fom 91M to 931x. The worlds shipments
of wheat and flour to Euope last week
were 10. sos. 900 bushels. compared with $780,
900 bushels the week before, and TAG, 900
bushels the corresponding week of 1896
The quantity on ocean passage increased
$4,000 last week. Minneapolis and Duluth
received 1131 cars Of wheat. against 110s the
previous day and 1880 the corresponding day
of the year before. These were some of the
reasons that caused the opening decline.
The advance which followed was rather diff
flcult to account for. apparently. The mar
ket was oversold, for offerings were very
few and were accepted so quickly that the
shorts grew apprehensive. Their efforts
to cover boosted" the already buoyant
market, and not until 9sh for December
was reached was there any reaction. New
York reported little foreign demand to be-
gin with. but later dispatches said the de-
mand for shipment was good. and that
everything offered to Liverpool on Satur-
day was accepted. The quantity inspected
outward since Saturday morning from Chi
cago warehouses was 215.000 bushels. The
receipts were 459 cars. The visible in
creased 1,374,00O bushels, compared with
1OO3, 900 bushels year ago, making the
total now 17,140,000 bushels. against 49, ,653,-
900 bushels then. Closing continental cables
reported but small changes. After the ad-
vance in December to 931a 1t reacted to s2ss,
and rose again to 92N, which was the trad
ing price at the close. Although the mar
ket was active and fluctuations both nu-
merous and material, the trade was not
very heavy. A few good-sixed buying or
ders made sellers reluctant to ofrer any
until 1t had been bid up. and there was a
corresponding scarcity of buyers on de-
clines.
Corn was stronger under general covering
by shorts, influenced to some extent bv
cold weather. smaller receipts than expect
ed and less increase in the local stocks.
as well as the visible supply. than anti
cipated.
Oats were featureless, following the nuc-
tuations Of corn.
The leading futures ranged ~ follows:
Wheat No. r.
september .......'..'.... ,....s...........e29f
December ................ .............o15s
Nay ACKNOWLEDGEMENTS s..........e216
The herald., 1897-09-21
the best. The silica, alumina and iron

the best. The silica, alumina and iron
they contain give a material that Is
harder than steel. 1t is the only SUBJ
stance that will successfully resist the
calks and heels of the horse's shoe. It
wears uniformly. As the bricks are nom
absorbent and uniform in size they pre-
sent an absolutely water-tight pave
ment which is easily cleaned by wash
Ing or sweeping. and affords the best
sanitary pavement yet discovered.
Brick pavings can be easily repaired.
They are comparatively noiseless and
less slippery than either granite or
asphalt. They have been successfully
ussd ia Holland for 100 years. and in
The herald., 1897-09-21
this country, at charlestown, ". Va,

this country. at Charlestown, w. Va.
without any repairs for twenty-five
years. They are now the standard pavs-
ment in many other cities. One OF the
tests for determining the value Of 4
brick for paving purposes il the rattler
or abrasion test. The bricks are put int6
foundry rattler. together with ~
pounds Of scrap iron. and revolvsd a.
1000 revolutions. They are weighed ~
fore and after. The percentage oe ~
ts said to be equal to tWentv~6 M ~ =
wear In the street. In sQnoh ~ - I = y q
ALBANIA made brick lost - ~ " e, q / &D
other bricks iost 12 70 q ~ ~ Z I.
Louis 0aohe Dsmocrat. " :]|''@|
The herald., 1897-09-21
Real Estate Transfers

MONDAY, Sept. ~.
H. c. Hutchinson ct al. to F. w. Par
tridge-Lot IL, block A, Blanchard's SUBJ
division; $500.
w. Gale (administratrix) to E. w. Gale
Part of section 4. township north range
IA west San Bernardino meridian; $2657.
e. w. and s. c. Gale to F. e. Dodge
Same as above; $2657.
H. M. and M. Dillon to G. W. Hight-Lot
s. John Taylor tract; $500.
T. H. Griffith to e. M. Neeley-Lot4 4 In
block g. Hollywood; $500.
w. Benz to ]. Bayer-Lots 30, 81 and 81,
block 9, Los Angeles Improvement COM
pany's subdivision; $25O0
j. and A. Johnston to M. P. Patterson
Lot 81 Ralphs subdivision, Pomona; $500.
e. L. Phillips to D. Shearon-Part Of lot
2, block 81. Rancho Providencia, Scott
tract; $500.
J. slauson to v. M. Greever-Lots 4 and
Is, block E, subdivision No l, Azusa Land
and Water companys lands; $500.
A. WE'LL to G. Freckelton--Lot 272, Alex
andre WE'LL tract; $3.50.
e. j. Stoddart to w. Graham-Lots 49, "A
and Is, Stoddart's subdivision of part of
Colima tract; $21SS.
M. J. Smith to s. A. Scott-1 acre in
Rancho Santa Gertrudes; $500.
]. o. and M. B. Osborne to W. F. Phil
lips-Lot 6, G. W. Morgan's subdivision of
block As, Highland Park tract; $275.
M. c. and ]. F. Hunt to e. Grafenstein-
Lot 7. block 9, Urmston tract; $780,
P. M. and E. M. Scott to w. H. and L. r.
Carlin-Part of section Z, township south,
range "A west. San Bernardino meridian;
$S25.
w. H. and L. r. Carlin to v. Ponet--
Agreement to convey part of section T. town
ship south, range IA west, San Bernardino
meridian: $51S5.
e. and ]. c. Clark to L. r. B. Fritchey-
Lots and Q. block A, Toppan's subdivision
of lot 4, block 49, Hancock's survey; $500.
I. and J. G.. King to E. N. Parks-Part of
lot 5. James King tract; $500.
SUMMARY
Deeds .................. .......... 10
nominal s............. ............... 20
TOtaI 80, 49, 90
The herald., 1897-09-21

Cash quotations were as follows: Flour,
steady; No. 2 spring wheat, 92ss@921s; No.
8 spring wheat, s7@91h; No. 2 red, s21s@9Sss:
No. corn, 2Sa4@29; No. oats. 1875; No. 2
white, 22A23. f. o. b.; No. white, 211a@
22%, (. o. b.; No. 2 rye, 4214; No. barley,
nominal; No. 3, 30@43 +. o. b.; No. 4. 20,
(. o. b.; No. 1 fax seed, 1051a@1.O6; prime
timothy seed. 2.60@2. .6O1s; mess pork, per
bbl., S.50@S55; lard, per 100 lbs, 4.7O; short
ribs sides Qoose), 5.25@5.5O dry salted
shoulders (boxed), 51s@5A; short clear sides
(boxed), 5ss@5%; whisky, distillers' finished
The herald., 1897-09-21
Money Quotations

NEW YORK, Sept. 20.-Money on call
firm at 2@3h per cent; last loan, per
cent; closed at 3@3h per cent; prime mer-
camille paper. 4@4h per cent; sterling ex-
change steady, with actual business in
bankers bills at 4s4% for demand and
1924 for sixty days; posted rates, 4.S31a@
4S4 and 4.S5h@4.s6k; commercial bills. 4.S1
@4.S2.
SAN FRANCISCO. Sept. N.-Drafts-
Sight, 5; telegraph, IN.
LONDON, Sept. 20-Consols, 11sk.
The herald., 1897-09-21
Silver Bullion

NEW YORK, Sept. Polar silver, 591s;
Mexican dollars, A.
SAN FRANCISCO. Sept. 20.-Bar silver,
56N; Mexican dollars. 46@46H.
LONDON, Sept. 2O.-Bar silver. 27Ad.
The herald., 1897-09-21

ported their resources at $s1, ,oe7, 1887.
+
According to the Investigator, published
In Chicago all the objections hitherto
raised against plans of state insurance
have been fully sustained by the results
Of the German state system Of industrial
accident insurance, which has also devel
oped other objections not generally anti
cipated. It has proved costly and inade-
quate, has invited fraud and is disliked by
employer and employe alike. Most of these
plan went into operation. but 1t was not
generally thought that the employed would
have any great cause for complaint. as the
plan was undertaken mainly in his inter-
est and for his protection. In fact one of
the objects of the German government In
entering into the insurance business was
to take the wind out of the sails of the
socialists. This 1t hoped to do by pointing
triumphantly to a sensible improvement in
the condition Of the working classes under
q plan of which the socialists were the most
determined opponents. Unfortunately for
the attainment Of this object the working
CldSSeS are COIlpldlIlltS louuiy VI Tie
Just working Of the system. Last year
nearly forty thousand complaints, mostly
OF insufficient indemnity, were addressed
to the lower tribunals. Many of them
were no doubt ill-founded, as very
large number were rejected,b but each re-
lection of course means the creation of
discomfort, and the number of malcon-
tents is steadily increasing, to the undis-
guised delight of the socialists. The man.
ner in which the indemnity is paid is also
directly provocative of discomfort. The
workingman never knows precisely what
indemnity he is going to receive, nor for
how long it Is going to be paid. The
amount is always subject to revision. And
rs 1t is to the interest of the authorities
that the injured person shall go back to his
work as quickly as possible, as we'll as
that there shall be no malingering, the
sick are subjected to an into1erab,e sys-
tenn Of espionage. The German govern
ment may be able in time to remedy the
defects Of its system, but the practical
working of that system up to the pres
ent time only strengthens the conviction
that private corporations can supply In
surance. not only more cheaply. but also
with greater satisfaction to the assured.
The IRE loss in August was 50, 400 900 less
than in August, 1896, and s.. 800 900 less than
in 1895. The year to date shows a large
decrease in loss, compared with the two
previous years, as indicated by the follow
ing table from the New York Journal of
Commerce:
The herald., 1897-09-21
Dried Fruit Prices

NEW YORK, Sept. 2O.-California dried
fruits firm. Evaporated apples-Prime,
wire tray s%@7; wood dried. prime. 81;
choice, ~: fancy, ~.
Prunes-3h@7.
Apricots-Royal, 70S; Moorpark. 9611.
Peaches-Unpeeled. 7@1O; peeled. 11@14.
The herald., 1897-09-21
SUMMARY
NEW BRICK FOR STREET PAVING
Contains Silica, Alumina and Iron.
Harder Than Steel

vitrified brick Is highly spoken of as
q paving material. in which capacity It
promises to become a strong rival Of
both asphalt and wood. The brick il
thoroughly annealed and blended. 80 as
to obtsiu the maximum degree OF hard
ness and toughness. together with the
minimum tendency to the absorption Of
water. The bricks made from shals are
The herald., 1897-09-21
Petroleum

NEW YORK, Sept. 20.-Petroleum-
Pennsylvania crude. no market; nominally
at IS; United, closed, 701x bid.
OIL CITY, Pa. Sept. 20.-Credit balances
closed steady. 70ls bid. Shipments, 125.OOo;
runs, 1870, ,7S5.
The herald., 1897-09-21
Liverpool Market

LIVERPOOL, Sept. 2O.-Close-Wheat
No. 1, red western winter, steady, 7s 113kd;
American mixed, spot, new. quiet. ss Id;
September, Sc lid.
The herald., 1897-09-21
Boston Quotations

BOSTON, Sept. 2.-Atchison, 1s1s; Bell
Telephone. 274; Burlington, 100; Mexican
Central, 6h; Short Line, 2O1a; San Diego, Is.
The herald., 1897-09-21
OFFICE OF THE HERALD,
Los Angeles, Sept. 20. 1897.


The following is an abstract of the condi-
tion of the thirty-two national banks in
California on the 23d of July, as contained
in their reports to Comptroller James H.
Eckels:
The herald., 1897-09-21
California Fruit Sales

CHICAGO. Sept. 9o.--Porter Bros. 4 Col
sales; Pears-Bartletts. a4o@2.45: others,
eo07o per half bog. orapes- -Tokays. 7s0
The herald., 1897-09-21

AtcHlSou ...... 10
do pfd :. 43%
Baltimore & o. 20lA
Canada Pacific 531H
Canada South. 81
Central Pac.... 16
Ches a Ohio ..23M
Chicago & A. .1A
c B & O.. .1001s
C & + I........ 50
c G c * st L.. SO
do pfd...... S415
Del & Hudson. .12O9s
d l. & w. .160
D s. r G...... IA
do pfd.. 49A
Erie (new) 80. 177s
do 1st pfd 43H
Fort Wayne...170
Great N pfd. 40
Hooking VAL. "a
Illinois Cen LOT
l. e & Wee. HN
do pfd.. 7S%
Lake Shore ....176H
Louis & Nash. 61h
Manhattan L. 100
Met Traction. .123h
Mich Central .109
Minn & st L.. 2Sh
do 1st pfd so
Missouri Pac.. 3M
Mobile & Ohio. 20
NJ X y T ...... 15%
do pfd.. 89h
N A 4 Chicago 1011
do pfd.... 50
N J Central ~. 9M
n Z Contra. -nsK
The herald., 1897-09-21
Closing Stocks

NEW YORK. Sept. 2o.-The following
are the closing stock quotations.:
The herald., 1897-09-21
Mining Stocks

SAN FRANCISCO, Sept. 2o-The Of
ficial closing quotations for mining stocks
today were as follows:
The herald., 1897-09-21

has. been discovered go miles southwest
of Wheatland, Wyo.
According to the report Of the bureau
of vital statistics, the population of New
York city has passed the 200O.000 mark, the
figures given being 2.000.916.
The herald., 1897-09-21
Bond List

NEW YORK, Sept. 20-The following
were the closing quotations on bonds to-
The herald., 1897-09-21
Grand total ......................,s .,s1, ,s25,5ss

? 2 T
One new bank reports in the above state
ment for the first time. This is the First
National of Salinas, which began business
few months ago with paid-up capital
of $4,000. This is the first bank of this
kind started in California in several years.
There has been some talk of the conversion
Of one or two state banks to the national
bank system, but nothing has been done in
the matter. The above is the third state
ment rendered by these banks this year,
In which the aggregate resources have been
The herald., 1897-09-21

For July IA, 1896. the thirty-one banks re-
ported their resources at $s1, ,067,9S7
The herald., 1897-09-21

The fre loss in August was 81, 400. 900 less
than in August, 1895, and IS. 500. 900 less than
in 1895. The year to date shows large
decrease in loss, compared with the two
previous years, as indicated by the follow
ing table from the New York Journal of
Kansas City journal. [volume] (Kansas City, Mo.) 1897-1928, 1897-12-08
FOR THE PARIS EXPOSITION.
Comm issioner Moses p. Handy Rec
ommends That Congress Appro-
priate s010,bO

Washington. Dec. 1.-THE president to-
day submitted to congress the report OF
Major Moses p. Handy. Of Chicago. spe-
cial commissioner to the Paris international
exposition. The commissioner recommends
that an appropriation of s9l9.6O0 be grant
ed. SO that a creditable display on behalf
of the United States be made. The presi-
dent. in transmitting the report, says:
Besides securing much larger amount
of space than, had, been reserved, Major
Handy obtained the gratifying assurance
that the United States would be placed on
footing with the most favored nations, and.
at the installation of every important de-
partment, the United States will have
location commensurate with the dignity
ana Importance of the country, and adjoin-
ing. IN every case, countries of the first
rank. In view of the magnitude and i'm
portance of the approaching exposition.
and of our standing among nations, that
Will there be represented, and in view,
also. of our increased population and ac-
knowleded progress in arts. sciences and
manufactures. 1 earnestly commend the
report of Major Handy to your considera-
tion, and trust that q liberal appropria-
ton may he made. Moreover, the mag
niiicent exhibit of the French republic. at
Chicago. in 1893. on which $l.OO0,O00 was
expended. should be strong incentive to
reciprocal liberaiity the part of the
government of the United States"
Kansas City journal. [volume] (Kansas City, Mo.) 1897-1928, 1897-12-08
NATIONAL GUARD CONVENTION.
duce Congress to Appropriate
S2.OOO.OOO Annually.

ST. Louis. Dec. T.-Seyenteen states were
represented by their adjutant generals ana
other militia officers at a meeting at the
Southern hotel to-day which will continue
i'll session for two days, for the purpose of
advancing the interests of the militia of
all the states. The states represented are
Ohio, Indiana, Illinois. Iowa. Wisconsin,
Minnesota, South Dakota. Nebraska, Kan
sas. New Mexico. Oklahoma. Arizona. Tex
as, Tennessee. Missouri, Wyoming and
Colorado. \ large number of other states
are interested in the movement. but for
unavoidable reasons are not represented.
Adjutant General NJ. f. Bell of Missouri,
who issued the call. called the meeting to
order and spoke of its objects. Mayor
Zeighenhein made an address of welcome.
after which the business of the meeting
was proceeded with.
Colonel Corby. of st. Joseph. Mo-. sound
ed the watchword of the association when
in a general discussion he demanded of
the United States government 100000 for
the National Guard.
A resolution was adopted asking congress
to appropriate annually $2.oJ.G00. in place
of 100000. for the encouragement of citi-
zen soldiery.
Tonight the old soldiers and their wives
and friends witnessed IL drill in the Coli
scum. given by the National Guard of Mis-
souri,