The copper country evening news. [volume] (Calumet, Mich.) 18??-1907, 1897-06-12
TRULY GOOD SENATORS
Why They Would Not Specu-
late In Sugar.
SENATOR ELKINS KINDLY EXPLAINS
The New Consul General to Havana.
Thomas Jefferson and the Whirligig of
Time-A BARRIERS Reply to "A Southern
Senator.


Senator.
WASHINGTON, juno 12.-[Special. =
Amid all this talk of senatorial speculation
In sugar one finds the insiders somewhat
incredulous. "People who imagine sem
ators are indulging in perfect orgie of
speculation" says Senator Elkins of West
Virginia, edo not know what they are
talking about. There are only few SEN
ators who have money TO speculate with.
The men who have money do not specu-
late. WhyS Because they do not like TO
play another mans game and every man
who has had any experience in Wall street
knows it is a game which only the insider
can afford to fool with. This is exactly
what is the matter with Wall street today.
| The successful men of the country are busy
men. They have no time TO study the
Stock Exchange. That is a business by
| itself, and these men are interested In 9TH
! err and more important matters. There
may be few senators who are i'm the habit
| of specializing in Wall street, but / do not
| know them il there are any such.
Elkins on Speculation.
"No doubt there are a lot of people in
this country who think 1 am q specula-
tor" continued Senator Elkins, "but, as
matter of fact, haven't had anything 10
| do with Wall street for many years. l
| have neither the time nor the inclination
to speculate and no money to spare Years
ago, when was younger | went TO New
York, and about the first thing | did was
| TO buy lot of Denver and Rio Grande
stock upon the tip of friend. l lost $780,
600. A little experience taught me that
the Wall street game is one TO be played
only by the initiated. | had some bust
ness dealings with Jay Gould and during
a talk one day l asked him something
about speculation He said he didn't do
tenth part as much in Wall street as he
was given credit for.
When do speculate, said Mr.. Gould,
1T is usually to protect the properties
am interested in, or for some special pur-
pose. 1t happens that just now there are
some pictures l want to buy, and they will
cost me about $40, 900. l believe l will
buy a little Missouri Pacific and see if /
can't make the street pay for my pictures.
II am not speculator, added Senator
Elkins, "but this tip was good enough for
me, and bought Missouri Pacific Sure
enough, it turned out all right, and l
made back part of what had lost in
Denver and Rio Grande. But the incident
opened my eyes as to the small chance an
outsider has in Wall street, and l have let
speculation alone ever since"
AIdrich's Reward.
Frank Aldrich, President Mckinley g
choice for consul general at Havana, Is a
handsome man of about 40 years of age.
He is business man, not lawyer, ana
was educated for civil engineer. He Is
quiet of demeanor. with little to say, but
he has good head on his shoulders. Mr.
Aldrich served couple of terms in con
eress from Chicago, and last year was q
political manager for Speaker Reed. After
the inauguration of President Mckinley
Mr.. Aldrich was n candidate for minister
to Belgium, and was one of two or three
candidates for office having the support OF
Speaker Reed. The president found it in
convenient to give Mr.. Aldrich the place
he asked for, and after time the newspa
pers began TO havea good deal to say about
the president turning down the speak
err" Meanwhile the president had Offered
Mr.. Aldrich the consul generalship al
Havana, and Mr.. Aldrich had accepted it
Thus Mr.. Aldrich goes to one of the most
difficult posts in our diplomatic and con
sular service. It is also one of the best
paid places, the salary being 1000 year
and the fees which the consul general Is
! entitled to keep amounting to $4,000 OF
$4,000 more. -
The late Admiral Lee, who died few
/. days ago at an advanced age, was directly
the cause of the removal of the Corcorai
Art gallery To new site. Until recently
! the gallery was in building opposite the
navy department, where the sessions OF
the international postal congress have
been held The building became made
uuate for the needs of the gallery and the
art school connected with 1t, and efforts
were made to purchase n lot Immediately
in the rear. This lot was owned by AID
! miral Lee But w. W. Corcoran, the
founder of the gallery, had quarreled with
; Admiral Lee many years ago, and the al
miral refused to sell Before Mr. Corcorar
} died he tried to buy the Lee lot, and finally
went SO far AS to make this proposition
Mr.. Corooran to choose one referee and
Mr.. Lee two referees and to the price
agreed upon by these referees Mr.. Corcorai
; would add so per cent. Admiral Lee de
,, clined this liberal offer, and swore the 10,
\ should never pass into the possession Of
: the Corcoran gallery. He was as stubborn
after Mr.. Corcoran's death as he was be
FORE and there was nothing for the gallery
, to do but to seek new site
Jefersonian Simplicity.
D Things have changed good deal since
0 | Thomas jefferson was In the white
5 | House. One of those men who are con
3 stantly grubbing after the queer facts OF
? history told me the other day that Presi
2 dent jefferson left IN his diaries daily &C
count Of all the cxpcn cs of his household
while in the executive mansion Every
item of expenditure, from IoCnd Of ut
ter UP to a lead of cord vc1., "a carefully
: set down IN - books. * c.. Ciarle'
. are now preserved among the archives o.
the state departments. Another ct fresi
: dent .Ieliersun's fads was the keeping o.
a daily record of the appearance Of all the
fruits, vegetables, FISH, etc, IN The Wash
ington market IMAGINE President Nc
: Kinley sitting down every day ard casting
. IN all the White House atc0un's after hav
ing been to market GssJ recording all tn
details of new vegctail les and fruit to b
= found there!
C There is good story on u southern sen
ntor whose name will not reveal. III
y was i'm "a barber shop one day. and having
occasion to roproye the man who wa
shaving him for some slight fault spOk