davidaulloa/AmericanStories huggingface dataset:
The herald., 1897-10-03

dishes with pound of tea gives him more
than his moneys worth, and really thinks
hat he has done the tea company.
The same is true of the deluded man who
tries to purchase cheap life insurance,
In the very nature of things there is no
cheap life insurance. Real insurance is
based upon scientific data and on certain
principles. Cheap insurance is delusion.
and the word cheap is a bait which hides
a naked hook. Out of sixty assessment
life companies organized under the early
law only two remain, and these have adopt
ed the old line companies methods, ex-
cept the basement and principle of all
safe business, the reserve" and are in
the condition any reliable company would
be in if divested of its many millions of re-
serve held indspensably to protect the fu-
ture of its policies. AS the superintend-
ent of insurance of Massachusetts says,
these associations were and are wholly
needless and impervious to the inexorable
fact that as age advances, deaths become
more and more frequent. and hence the
calls are more and more loud, frequent and
imperative, until further payments must
become impossible. and the concern sinks
of its own weight, carrying with 1t mass
Of unprotected age, helplessness and mis-
cry, and the burning proof that whole life
insurance cannot permanently be done on
the assessment plan.
MANY of these new formed associations
were organized by we'll known and es-
teemed men of great integrity and business
ability in other directions, under the pro-
fessed and evidently sincere purpose of
furnishing to their neighbors and fellow
citizens q protection to their families in
as safe and a much cheaper way than could
be obtained from the old-line companies.
And the fate of their enterprise only
proves again the old maxim that honest
ignorance may be more dangerous than
designing fraud Others. again, started in
with less philanthropy but more business
intention, and still others, and the ma
jority, were on the dead make.'"
How any man. after the revelations
which have been made in regard to the
Massachusetts Benefit, and after such col
lapses as the Iron Hall. and the financial
condition of many of the large fraternal
orders at the present time, can still be-
lieve there is any value in the assessment
plan we are unable to understand, unless
we accept the maxim of the late P. T.
Barnum that "the public likes to be hum
bugged." If men who insure on cheap
plan could only be taught to understand
that the time must come when they will
be compelled to pay heavy premiums or
allow their policies to lapse, and that the
contract in an assessment company guar
antees nothing and is founded only on hope
and chance of low death rate and in
creasing members, but without one penny
as a reserve against the future, there
would be fewer families living in false
security, and fewer men, for the sake of
saving a few dollars, would be facing the
danger of leaving their families entirely
unprotected at time when their advance
ing age would render the cost of protec-
tion almost rohibtive.-Travelers' Rec
ord.
The herald., 1897-10-03
SAN FRANCISCO MARKETS
Call Board Prices of Cereals and Ship
ments Received

SAN FRANCISCO, Oct. 2-Wheat
steady; December, 1.44M. Barley steady;
December. S9ss. Corn, large yellow, 1.1O
Q1.121a. Bran. 135OQ14.50.
Flour-Family extras. 5.0OQ510; bakers
extras, 4.750l4.S5.
Wheat-Shipping, 1.4S% for No. and las
for choice; milling, 1.47k@1.52ia.
Barley-Feed, S71Aq92A; brewing, LOCO
1.12h.
Oats-Poor to fair. 1071s@115 good to
choice, 1.2Od1.25; fancy feed, 1.SO; gray, / Is
@12O; milling, L221A@1.271a surprise, 1850
lao; black for feed, 1.10@1. .15; black for seed,
1.25a1.35; red, 1.17laq1.25.
Receipts-Flour, uarter sacks, 1859; Ore
gon, 1870; wheat, centals, 1861 Oregon,
1906; beans. sacks, 1908; corn, centals, 1475
rye. centals. lis: potatoes. sacks, 77Ss; Ore
gon. 179; onions, sacks, 525; bran. sacks,
1045; Oregon, 1875; middlinss. sacks, $780,;
The herald., 1897-10-03
Money in Bank

NEW YORK, Oct. 2.-The weekly bank
statement shows: Reserve, decrease, $447,
100; loans, decrease, 81, 592, 900; specie. in
crease, $494, 500; legal tenders, deere ase, ST.,
442, 300; deposits. decrease $4,000, 800; circu-
lation, increase, 1921 900. The banks now
hold $15, $50, 400 in excess of legal require
ments.
The Financier says: The statement of
the associated banks of New York city
for the week ending October I'd is proof
that there is no occasion for the fears en-
tertained early in the season of actual
stringency in the money market. Despite
the steady drain on the banks, the reason
for 1t being the demand for interior crop
money, the reserves are maintained at
secure point. and the natural effect of
conditions which have been making all
season may be trusted to obviate any de-
parture from this standard in the future.
The liquidation in loans continues, the
loss for the week bringing the total to an
amount of s9,S2O,2O0 under the report of
three weeks ago. In the same time de-
posits have fallen off ST. sos, 800. while the
reserve has decreased about IS, 600 900. AS
money has been flowing to the interior at
the rate of $4.00O00O or 1000 GOO weekly
during this time, 1t will be seen that the
banks have stood the strain very easily.
The demand for funds still continues,
though In less volume than reported for
several weeks past. The decrease in de-
posits. for the past week, of course, low
cred the reserve requirements appreciably.
The $1,5O0,000 in gold received from Europe
by one of the banks does not seem to figure
In the currant statement. The deposit
changes of the larger banks have been
unusually heavy during the week, the in
stitutions having the largest number of
correspondents reporting losses, as rule,
although others which figure in the call
market have been affected by the general
liQuidations. The October settlements have
brought about some shifting of funds but
the disbursements now being made,will be
shown to greater extent In the next state
ment. The Union Pacific foreclosure sale.
under arrangements which have been COM
pleted for payments extending over con-
siderable period, will not cause the con-
traction of the cost anticipated and this
assurance to some extent governed the
rate quotations last week. The statement
as a whole, Is of a very favorable charac-
ter. and with the certainty that the gold
imports will follow any unexpected ad-
vance IN money, the outlook Is even bright
The herald., 1897-10-03
San Francisco Produce


Middllngs. 195O@22 90; bran, $13. 5O@1450
Hay-Wheat. 12OOq15.O0: wheat and oats
11.0oM14.O0 oats, 1O.00d120O; best barley
lo.0Oa12.Oo alfalfa. s.OOM9.5O; clover, sOO9
1000; stock. S.O0Q9.00 compressed wheat
l2.001 400: straw. per bale, 30G40c.
Dry Beans-Pink. 1.9O@1.50; lima, 2.15@
2.25; small white. 1.25Q1.35; large do. LOO
1.25
Vegetables-Early Rose potatoes, 300
river reds, 50N65; Salinas burbanks. 50m
80; sweet. 1aGf1c per pound; slverskin on
ions, S5G1 LOO: pickle onions, 65M75 per CEN
tai; cucumbers, 25G30; garlic, 2@2La; green
peas, 2d21a; string beans, 1M2: bay squash,
S5d45 per box: tomatoes, 25d35: green corn,
50M75; chile green peppers, 25M40 per box;
egg plant, 30450; green okra 30M50
Fresh Fruits-Choice apples, 60M75: COM
mon apples, 3OM5O; strawberries, 3.O064. 90;
blackberries. 2.50@300; raspberries 4a5;
buckle berries. 4M5c. per lb.: cranberries,
S.5O@9 per bbl; cantaloupes. 50a1 per crate:
nutmegs, 25@50 per box; figs, double lay
ers black, 30440; Fontainbleau and sweet
water grapes, 1925 per box; Muscats. 25
635; black, 2OG3O; Tokay, 2Od3O: Isabelle.
4OQ5O; peaches, 35M40 per box; pears, fancy,
1.OOd1.25: plums 2Oq4O per box; pomegran-
ates, 40450 per small box; watermelons, 100
41250 per box.
Citrus Fruits-Valencia oranges 1.5Od3.o 90
per box; Mexican lines. 4.50M5.O0 common
California lemons, 1.00G200; choice do. $780,
$3.50
Tropical Fruits-Bananas, 1.0O920O Der
bunch; pineapples, 1.50q3.OO.
Dried Fruits new cropl-Apricots. car
lots, 5a61a per fb. for Royals T6S% for
Moorparks; prunes. sizes, 2s414A; black
figs, jobbing, 2Q21a raisins, 3h for two
crown, Az for three-crown, 51a for four
crown and LIS for London layers; peaches.
|-tI ri Anr,1a
ed, 51a@6; sun dried, 3q31s. Pears-5a5h
for halves and 61sQ7 for quarters Plums-
Pitted 4441s; unpitted, 1@1A. Prunes-2h
a2%. Nectarines-Q5. Figs-Choice white,
8; black, 4.
Nuts-California walnuts. 79S for hard
shell, 1910 for soft and paper shell; Cali
fornia almonds, GQ7 for soft shell, 394 for
hard shell and 10 ror paper shell; peanuts.
445 for California and 5q6 for eastern.
Raisins (old crop)-In sacks or 50-ib
boxes, four-crown, loose, 4G5; three
crown. 3kG4; two-crown, 2a@SA; seedless
Sultanas, 5G51s: seedless Muscatels, 4@4h
in 2O-lb. boxes, three-crown London layers,
l.0011 Is: clusters. 115G1.25, Dehesa clus-
ters 17562.0O; Imperial clusters. 2.00d2.25.
Butter-Fancy creamery, 27M271A; second,
256l26: fancy dairy, 1924; second 2O@22;
picked, 1921; frkin. 1919.
Cheese-New, 10hd11 old cheese, ga
10; California cream cheddar. IL; Young
America, 11G12; eastern, 12G14; western,
1lm12
Eggs-Store. 20d2s; ranch, 32Q34; east
ern, 1896 duck, 20.
Poulttry-Turkey gobblers, 14d16; turkey
hens 13; old roosters 8. .50d4.O0; young roost-
ers. 3.OOd4.0O; small broilers 1902. 90;
large broilers, 225G2.5O fryers, 275@3.OO
hens, 3.0Oa5OO; ducks. 3.50G45O; ducks, old
30Oa4.0O: geese, 1.251150; goslngs, 1.5OQ
1.75; pigeons, 1OO4125.
Honey-Comb, 9@1O for bright and 6dlS
for other grades; water white extracted,
4la94A; light amber. 31sQ4; beeswax, 239
o5 per H.
The herald., 1897-10-03
Insurance

The idea of cheap life insurance exer-
cises a great fascination over the mind of
the ordinary man, and neither common
sense nor the hard experience of hundreds
who have been duped and suffered seems
able to help him to conception Of the
truth or the faintest idea of the simplest
business principles.
1t is not carelessness. nor. indeed, is 1t
altogether blindness. which leads so many
to embrace foolish and impossible schemes.
but 1t IL the idea of getting something for
nothing which enthralls them. Almost
every man who buys a cheap insurance re-
ally believes that 1t is impossible for his
company to give him great deal for
nothing. just as the same man believes that
q tea company which gives him q set of
The herald., 1897-10-03
Chicago Live Stock

CHICAGO, Oct. 2.-Cattle-Common to
extra native beef steers were saleable at
3.9OM5.5O: prices for NOSE grades nominal.
Hogs-The bulk of the offerings crossed
the scales at 3.SOq4.2O; heavy packing lots,
I. 3.60f1365; prime assorted light weights, 4.20
G430.
Sheep were saleable at 2.251425 for in
ferior to prime natives and at 3.40dI4.25 for
western wethers. Lambs were saleable at
3.5095S0 for poor to extra. Feeding sheep
were saleable at S.60@3.75 and feeding
lambs at 4.50G4.75
Receipts-Cattle, 800; hogs, $4,000; sheep,
2O0O.
The herald., 1897-10-03
Dried Fruit Prices

NEW YORK, OCT. 2.-California dried
fruits quiet.
Evaporated apples-Prime wire tray, Z:
wood dried, prime, 7; choice, 714; fancy, 7R
as.
Prunes-41a@S cents per pound as to size
and quality.
Apricots-Royal, 7dS: Moorpark. 91111s.
Peaches--Unpeeled, 71s; peeled, 1214Q16
The herald., 1897-10-03
Money Quotations

NEW YORK, Oct. 2.-Money on call,
nominally 2lsd3 per cent; prime mercantile
paper, 4%a5 per cent; sterling exchange
weak with actual business in bankers
bills at 4.4slka4SS24 for demand and 4.s21a
for so days: posted rates, 4.S3Q4.A and
4.S51aM4s6; commercial bills, 4.S1.
SAN FRANCISCO, Oct. 2-Drafts, sight
Is; telegraph, 17iA.
LONDON, Oct. 2.-Consols. III 1916
The herald., 1897-10-03
Liverpool Market

LIVERPOOL. Oct. 2.-Close: Wheat
No. red western. winter, dull; Is. Sd.
No. red northern, spring, dull; IS. sgd.
Corn-American mixed spot new, steady
2s Nd: old steady, IS. ID; October quiet,
IS. Nd; November, quiet. 3s 1lad.; Decem-
ber, 3s. 2ssd.
Hops at London-Pacific coast, steady;
55r 6keS
The herald., 1897-10-03

er than predicted. Three of the New York
banks last week made their clearing house
settlements in gold owing to the scarcity
of legal tenders. 1t would not be strange.
in fact, were the treasury to follow suit
in this particular before the close of the
year.
The herald., 1897-10-03
European Markets

NEW YORK, Oct. 2.--The Evening Posts
London financial cablegram says:
A further rise.in stocks was recorded to-
day. Americans were strong and closed
at the best. There was renewed talk of
gold exports, but there is nothing definite
to report.
The herald., 1897-10-03
Exports and Imports

NEW YORK, Oct. 2.-Exports Of specie
from this port for the week were SS63, 1856,
of which $1O $40 was in gold.
Imports of specie for the week, 81, los, ,294
of which s1,O19231 was of gold.
Imports of dry goods and general mer-
chandise for the week, IS, ISL, ,OS6.
The herald., 1897-10-03

Cash quotations were as follows: Flour
easy; winter patents. 4.7O15.00; straights,
46O@4.7O: spring specials, $50; spring pat
ents, 4.S0M5.00; straights, 4.40G4.6O; bakers
37514.0O; No. 2 spring wheat, S5ss; No. 3
spring wheat. 7s0lS5; No. 2 red, 9Sss; No. 2
corn, 271a34; No. oats, 19; No. white
21a@22A fob; No. 8 white. 21@22 fob;
No. 2 rye. Az; No. barley, nominal; No. g.
29m40 fob. No. 4, 2SG33 fob; No. flax
seed, 1906: prime timothy seed, 2.62h: mess
pork. per bbl., S05@S10; lard, per 100 lbs
4.471aM450; short ribs sides, loose, ASA
$50; dry salted shoulders, boxed 5dl54 .
short clear sides. boxed, 5A6l5A; whisky
distillers' finished goods. per GAL, 1.22.
The herald., 1897-10-03
Silver Bullion

NEW YORK, Oct. 2.-Bar silver, 55N;
Mexican dollars. 42%.
SAN FRANCISCO, Oct. 2.-Bar silver
56h Mexican dollars, 44144h.
LONDON, Oct. 2.-Bar silver, 46A.
The herald., 1897-10-03

disc and dry goods at New York this week
amount to an increase of 81, SS2, 1854 over last
week. while the increase of this week S
exports from New York over last week S
was only about $75O,OO0. In consequence of
todays rally in prices. net declines in few
stocks this week show over 2 points, and
some show a gain.
Bonds have been much less active thar of
late, and have resisted the decline better
than stocks, net declines being small.
United States bonds are Bdh higher.
The herald., 1897-10-03
Boston Quotations

BOSTON, Oct. 2.-Atchison. 1915; Bell
Telephone. 257; Burlington, 9S; Mexican
Central, 51A Short Line. 2O1a; San Diego, 49,
The herald., 1897-10-03
Treasury Statement

WASHINGTON, Oct. 2.-Today's treas
ury statement shows: Available cash ball
ance, $241, ,S62, ,665; gold reserve, STAT oil III.
The herald., 1897-10-03
Petroleum

NEW YORK. Oct. 2.-Petroleum-Penn
sylvania crude nominally S5
OIL CITY, Pa. Oct. 2.-Credit balances
70; certificates. no bids shipments, 1924;
runs 1894
The herald., 1897-10-03

hay, tons. 800; hops. bales. 6l3; Oregon. SO:
hides. number. Ali; aisins, boxes, 1916;
quicksilver, TASKS. 35 wine. gallons, q.
900; brandy, gallons, 250.
The herald., 1897-10-03
CHICAGO MARKETS
Yesterdays Transactions on the Board
of Trade

CHICAGO, Oct. 2.-There was moder-
ate degree in the strength of wheat today,
December startig at 9OA, as compared
with yesterdays closing price Of 90M, and
advanced to 902s at once. The f1rmness
was due in a great measure to the continu-
ance of the drought in the west, which is
daily growing more serious. with no i'm
mediate prospects of rain. Liverpool ca
bles showed unexpected steadiness consid-
ering the drop here yesterday, and were
also a factor. But the little bulge with
which the trading commenced was soon
oblterated under flood of selling, which
was participated In by many of the big
gest operators on the floor. The fact that
some of the outside markets were at the
time much weaker than Chicago helped
along the declines, which carried the price
of December down to S9s almost without
a stop. The statistics of the day were by
no means bearish, but traders were deter
mined to sell, nevertheless and sell they
did
The Liverpool market was quoted ir-
regularly I'D. lower for December and I'd.
higher for May. Minneapolis and Duluth
reported 1883 carloads against 1856 week
ago and 114O the corresponding day of the
year before. The receipts for the week
were 1906, 1854 bushels, and the shipments
were 7OS, 200 bushels.
The general expectation regarding the
visible supply is that it will show 100000
bushels increase. The decline to S93s was
followed by rise to 90. Covering of shorts
started the recovery, and when New York
reported a liberal foreign demand at the
decline the market grew quite strong tenn
porarily. The closing weakness of the con-
tinental markets was the latest influence,
and rounded up the session. decidedly In
favor fthe BEARS Paris reported de-
cline in the near deliveries equal to 2h
cents per bushel. and in more remote de-
liveries the weakness was much more pro-
nounced.
The surprising break Of the Paris mar
ket fairly took away the breath from the
bulls and knocked the props from under
the market in hurry December finally
sold down to S9A@S93s bid. With the ex
ceptioa of short time in the morning.
corn was irresponsive to the weakness in
wheat. The market averaged firm and
closed at 1sGH advance.
Oats were dull and speculative markets.
Provisions were dull The decrease in
stocks was better than expected and had
the effect of causing the market to recov
er from the early declines, due to yellow
fever news. At the close December pork
was 21a cents lower, at $50; December lard,
21aa5 cents lower, and December ribs un-
changed.
rNho ,aodip, f,,t,res closed as foIlows.
The herald., 1897-10-03
Hond List

NEW YORK, Oct 2.-The following
were the closing quotations on bonds to.
dav.
The herald., 1897-10-03
Mining Stocks

SAN FRANCISCO. Oct. 2.-The official
closing quotations for mining stocks to-
The herald., 1897-10-03

NEW YORK, {
are the closing stoC
Atchison ...... 1875
do pfd. 32B
Baltimore & o 1914
Canada Pacific ~
Canada South. 571a
Central Pacific II
Ches & Ohio... 24H
Chicago & A. .162
c B G. G.. 9S1s
c & E I........ 81
c c & st L.... 37B
do pfd. 831s
Del & Hudson. III
d l. & w. .157
d & r G. 13
do pfd. AK
Erie (new). AZ
do 1st pfd Az
Fort Wayne. .16S
Great N pfd. .137
Hooking Val. 7i4
Illinois Cen. .103ss
L r & w.. 1jf
do pfd. II
Lake Shore ... .175
Louis & Nash. 597s
Manhattan L. .1O2ss
Met Traction. .122
Mich Central. .1O4ia
MINI & st L.. 25%
do 1st pfd. . S6E
Missouri Pac. 1854
Mobile & Ohio 27%
M X e. II 151m
do pfd. 30A
Chi Ind & L.... 10
do pfd. 33
N J Central. E. 961s
N Y Central. .11O14
N Y c & st L.. 551s
do 1st pfd.. 1874
do I'd pfd.. 37M
Norfolk West. 14iA
N Am Co. ..... Az
Northern Pac.. 20A
do pfd. 551s
Ontario & w.. 1885
o r & N. 35
Ore Short Line 202t
Pittsburg .159
Reading ...... 261A
Rock Island ... 9014
st L & s +. 51s
The herald., 1897-10-03
OFFICE OF THE HERALD,

&,
The real estate transfers for Los Angeles
county for the month of September show
a fair increase over the preceding month
not only in number, but in amount, the
figures being:
September. 1897. 9S9 transfers. ...... .$7S2, ,597
August, 1897, 941 transfers. ........... 719,S24
The comparison for the month of Septem-
Der during the last three years is as fol-
lows:
lS9'- 9S9 transfers ................. $lS2, 597
lS96- S2S transfers .................. 2,34S. 1893
1S95-1073 transfers ................ 2753, ,052
The number and amount of the mort
cages for the same month is as follows
1s97-419 mortgages ................. $513, 100
lS9b-422 mortgages .................. 1,419,6l2
ls9o--52S mortgages .................. 6S6, $40
The releases during the same comparative
period were:
lS9I-2S4 releases .$359, ,01S
lS95-2S4 releases neutrality-suspicious.. 3I5, 319
Is9o-3lI releases Observation-Disclosures. 49,. 6S9
The cost of buildings and improvements
to buildings for which permits were issued
during the month of September by the
superintendent of buildings was nearly
one and-half times that for the corre-
spending month Of last year, and was almost
as much below what the building opera
tions in this city cost for September, 1885,
The following will show the amount of the
business for that month during the three
years:
Year. Permits, Amount Fees.
1897 .................1S6 $227,677 $196 90
The herald., 1897-10-03
Closing Stocks

NEW YORK, Oct. 2.-The following
are the closing stock quotations..
Atchisou - 153s do MD ~ 101k
The Vermont watchman. [volume] (Montpelier, Vt.) 1883-1911, 1897-09-29

ations upon Section %. Why? Be-
cause it was wrong in principle and
was designed to give practical effect to
the pledge of the national Republican
convention, to restore to American
vessels the carrying of this Nations
commerce with foreign nstions9 Not
at all. Simply because, it is imagined,
it may operate to Boston's disadvan-
tage. Because the imposition of duty
on raw hides might diminish the profits
Of her boot and shoe manufactures
the Boston papers violently assailed
the application, in this instance, of the
protective principle. The old Bay
State, as represented by its leading
papers, is loud shouter for protection,
provided always that protection shall
not tread upon the toes of Massachu-
sets industries. AS meters of the
notification of laws OF the United
States that do not happen to please
them, the newspapers of the chief sea.
port town of Massachusetts are rivalinp
their predecessors in notification that
once flourished in South Cardinals city
of unenviable political fame.
The Vermont watchman. [volume] (Montpelier, Vt.) 1883-1911, 1897-09-29

NAMED in this country or those who
are detained against their will, will re-
gard their detention as one of the most
fortunate accidents Of their lives.
All the accounts sent out from that
region agree that the quantity Of sup
plies sent forward this summer is no
larger than will be needed for those al
ready on the ground. The period of
cold weather in the interior of Alaska
covers eight months, and 1t takes a
heavy daily ration to sustain life in the
Arctic latitudes. No reserve OF food
can be reached in any direction; the
distances are too great to be travelled
in winter, and one wild storm would
overwhelm any party trying to escape.
Comparatively mild as is the California
winter, great many starved there dur
ing the mining excitement Of 1849.
How much more dangerous and des-
perate is the condition of the prospec-
tive miners in far off Alaska.
What the Alaska gold mining towns
imperatively need, is a practicable out
let of some kind to the coast. Until
such a road is opened the passes now
are death traps. 1t is impossible to
keep out rash adventures, and in case
Of famine, there will be no way this
winter to send them out. 1t seems
probable that Alaska is to be an impor.
tant field for gold production, but the
area of promising territory is large, and
opportunities for prospectors will moi
be exhausted for many years. The
advise of stay out until next spring il
justified by every possible considers
ton.
The Vermont watchman. [volume] (Montpelier, Vt.) 1883-1911, 1897-09-29
Better Stay Out.

Anyone who reads the latest news
from the Klondyke region must be i'm
pressed with the fact that the time for
starting for the Alaska mines this sea-
son is past. Thousands who left for
the head waters of the Yukon as soon as
the richness of the new gold fields
there became known, had more courage
than definite knowledge of the nature
of the journey. 1t is probable that
more than half Of the first wild rush of
gold hunters will remain this winter on
the coast, some will return home, but
the most imprudent or desperate will
push on in spite of obstacles, tighten
ing their loads of supplies, and thus
adding fresh danger to the situation.
When the story of the Klondyke winter
of l897-9S is made up, those who re.