davidaulloa/AmericanStories huggingface dataset:
The Providence news. (Providence [R.I.]) 1891-1906, 1897-12-09
In THE WORLD
OF FINANCE.
New York Stock Market
Opened Steady.
CHANGES WERE SLIGHT.
Individual Stocks Developed Con-
siderable Strength.
NORTHERN PACIFIC WAS HEAVY.
CHANGES WERE SLIGHT.
NORTHERN PACIFIC WAS HEAVY.
The New York stock market opened steady,

The New York stock market opened steady,
with Sugar at li0l4, Tobacco 81 5s, People ;
Gas 96, Burlington ssl., Rock Island Wa, st.
Paul e5I., Northwestern 1923, Louisville 8S4,
Western Union 80 rs, Southern preferred 82,
Manhattan iO5, Missouri rncifc "a 5-s and New
Jersey Central s..
Changes were ex ceediugly narrow, not ex-
ceeding 3-s either way in any stock, and
prices of q large number OF stocks showing no
change. Sugar opened off l-s. and after n
momentary rally OF 3.s Immediately dropped
IA. The volume of transactions showed n
marked falling of from the activity Of the
last few days.
The heaviness in some stocks at the opening
was partly dissipatsd by the strength OF other
individual'stocks. Sugar rallied Ia, Mobile
g. Ohio rose points and Tobacco. Illinois
Central and Illinois Steel q point or over.
Business gained IN anima ZION on the improve
ment. but many prominent standard stocks
moved very narrowly and with difficulty.
Northwest and the Northern Pacific stocks
showed tendency TO heaviness and ruled be
low last nights level.
The Providence news. (Providence [R.I.]) 1891-1906, 1897-12-09

Such newspaper with such circulation, cannot fail
the attention Of business who inegeny
select their and expend their advertising
secured.
The advertising charges Of THE PROVIDENCE NEWS
exceedingly low and quality Of circulation considered
They already acceptable here home
abroad anxious take advantage the market
which popuous wealthy community affords The ad
boasts, setting unsubsanated claims faring in the
face Of business figures claiming to
epres ecuaton the NEWS the confidence Of ad
verser by policy Of marked by sincerity and
good faith susceptible proof its claims and with the
continued patronage Of advertisers columns
the demonstration that such advertising the ad
vetsers.
The NEWS invites such test Copy for copy and in
circulation, is the vertising medium
prove small and the attractive display
that aHo ded single adveseme nt contribute to make
It's advertising particularly effective and profitable to the adver
There is question about this Scores Of business
have tried it and have been convinced Once the NEWS
1t loses him account Of dissat
with the results Such results in nearly
satisfactory Of all proportion to the amount Of ccua
ton is the QUALITY that counts Evidently
the home, where perhaps, four five give
reading worth than that number Of copies sold
quality the circulation Of the NEWS is beyond question
Numbered its readers evening its circulation is almost
qusdrupled over the actual count Of copies.
The Providence news. (Providence [R.I.]) 1891-1906, 1897-12-09
DOUBLE-DECKED TROLLEY CARS.
In Use Now In the West ana Soon to
BE Tried I'm New York.

BE Tried In New York.
Double -decked electric cars are ow be.
ing experlmented with on the lines Of
the Chicago General Railway Company
and at Saratoga and Jauestown, y. u,
and it is announced that one of the latest
types of these Is to be sent to this city for
trial soon. The new style car Is under
patents belonging to MIR. q. l.. Pullman.
The body of the car is OF steel and
trimmed with quartered oak sashes and
mouldipgs. The car Is entered at the sides
in the centre and the vestibuIe there Is
protected by folding gates. which ara en-
tirely under the control of the conductor.
Ths IN otorman has places psrtitionod off at
tho ends of tho car OH the upper deck,
Glass windows protect him FROM the
weather. There is trolley pole at each
end of the oar, and over the motorman s
hend are skylights which hs can open
when he needs to ajust the trolleys. Ihe
car Is 35 feet inches long, and 7f feet IL y
uches wide, and seats thirty-sx persons
on the lower deck and forty -four on the
upper. The upper deck mas Removable
sasbes, so that for warm weather il can
be- left oren. No bell cords are used.
The passengers communicate with the
conductor by pressing electric buttons
and thus ringing an electric bell The
conductor gives his signals to the mot r
nan by a separate electric wire. The car
,s driven by four electric motors, each
I 40 horse power, and is provided with
both hand and air brakes. Tho com.
crossed air for the air brakes Is furnished
10y an electric motor driven by a
current from the trolley iine
and the car has thirty incan-
descent electric lights. The car weighs
about %, 0OO pounds, which is just about
the same as the weight of the long cars now
I'm use In Brooklyn. Each car costs about
5000. as against Sl700 for the ordinary "a
foot single car which seats thirty-six per
sons. Tho sun.
The Providence news. (Providence [R.I.]) 1891-1906, 1897-12-09

DE. y news Na.arr,."
Rev W. n. Main, pustor'of tio BaInrst
Emanuel Church, Buffalo. gives strong
testimony for ami IL a iirin tell yer in
DIR. Agnsws Catarrhal Fowler VI ha
iri Z manv kinds Of remedies win,bnt
av II "Aft using DIR. Agns "a Ia.
ihr nal Powder I vns boa, fllc., 4 once. "
n.,Iis words IL isnwo "a rful r,luCGy
| feiWges Instantly. f,r sac nv Blsid-
Ing g. W,nding. ~ and bS Me> hossci
ti,n l.. iiln ~ To- - to - south
Main Hall * lyoa.-sO
The Providence news. (Providence [R.I.]) 1891-1906, 1897-12-09
.Ncser There.

Shineby--why is IT, Bob, people pcver
laugh when say u witty thing'
Bosom Friond-My dear boy, ! don't
know. I'm sure. Never remember 5etr 9
present CD such an occasion. brooklyn
Ld.
The Providence news. (Providence [R.I.]) 1891-1906, 1897-12-09

importance of newspaper in the community.
What becomes of them?
Are they sold on the street in the homes at
the places of business
Or are they only printed to be loaded
the newsdealers to be returned unsOld?
Or Just to give people something to cut con-
pOns dress patterns from, votes for gift
terprise scheme
As men are judged by the company they
keep so newspapers are judged by the number and
kind Of 4 Rfepep pRovTDENcE iRat Tf1d ss NEWS has the
smallest circulation of any daily newspaper pub
Lshed in the City of Pro,idence-with perhaps the
single exception of the morning Journal But
small though it be in the aggregate it is a cir
euation that emphasizes the high character of
This newspaper.
THE PRovDEScH f NEW V Sis S within s boD
ders of the city and its by suburbs. Compar-
aivel few copies 60 into the far country districts
Most of its every evening Issue outside of Pror-
dence, goes to Olneyrille Cranston, East Prori-
dence, Bristol harrington Warren, the Pawtuxet
Valley Villages and between points. easily acces-
sibIe.
Within this territory, and especially within
S e % e ersnsflqh that OF Of s
contemporaries much more closely than its total
output does.
growing with M big sso Strides None f Of its contem
porares pretend to claim the increased
patronage of readers that have come to THE
NEWS under its new management
Moreover the character of the circulation
is of kind that any newspaper may well be
proud Of The NEWS is proud of it, 1t is
welcomed every evening in thousands of city
homes-the homes of the humble of the rich and
of the great middle class. There ii finds vel
come every evening and exercises its influence
a purveyOr of The local news, the every day
happenings that mostly the life of the
people, and a representative of the best inter-
ests of the municipality which it aims to pro-
mote
By thousands of readers, THE PROT-
DENCE NEWS is REGARDED thoroughly rep
resentative local newspaper-a newspaper for the
family circle for the business man. tor the IN
formation and edfcafOn of INTELLIGENT citizen
ship and conservative people
The Providence news. (Providence [R.I.]) 1891-1906, 1897-12-09

WANTED-Two Nova Scotia girls one
waitress and cook: the best OF help furnished
10 families. Providence business AssociAi son,
335 Westminster street, Room z3. d1-6t
The Providence news. (Providence [R.I.]) 1891-1906, 1897-12-09

TO LE'T-Three small tenefnents, Sl1, IS and
$3.50 per month small families only. Call Rob
ert Muir, 81 Elm street. ds-Gt
The Providence news. (Providence [R.I.]) 1891-1906, 1897-12-09

TO LFT-Tenoment six rooms. near Plain
field street; 10 minutes walk from Olnsy-
willie square ~ per month. Apply 10 Walter
ID. Harris, q Hartford avenue ds-6t
The Providence news. (Providence [R.I.]) 1891-1906, 1897-12-09
HOTsEs To Lpr.

TO LET-Two tenements, large, clean and
warm IS. % and 81 % per week in advance, at
81 Ship street. Inquire on premises. ds-6t
The Providence news. (Providence [R.I.]) 1891-1906, 1897-12-09

TO LET-l20 Hendrick street, lower tene.
Inent OF rooms and two attics: SO psr
month. Inquire at S9S Atwells avenue, os-t
The Providence news. (Providence [R.I.]) 1891-1906, 1897-12-09

TO LET-Store in building corner Ship and
Eddv street; suitable for small shop. Apply
e.. II. Howland, Weybosset street. o2f-tf
The Providence news. (Providence [R.I.]) 1891-1906, 1897-12-09

SPECIAL SALE or CLOCKS - Alarm
clocks, warranted one year .Oc. s-day oak
or walnut clocks, strike hours aud half
hours, sl.7a At Hosmers corner Mestmin
ster and Franklin streets is22 II
The Providence news. (Providence [R.I.]) 1891-1906, 1897-12-09
ROOMS TO LET.

10 LII - Ten.room house. lO5 Burnes.
street: hot and cold wftei. furnace. eta
Amply to ID Russell Brown. II.
The Providence news. (Providence [R.I.]) 1891-1906, 1897-12-09

SIX OF THE FINEST.

Have your watch and clock repairing don'
at HOSMER'S by skilled workmen at one
hslf the price orhers ask. Westminster anS
franklin and II North Man. ol5-tf
The Providence news. (Providence [R.I.]) 1891-1906, 1897-12-09

| FOR RENT-Cpper part house 40 Pine
| street; modern and in perfect order; rooms.
| Apply TO ID. Russell Brown, 62 Exchange place
| au2ltf
The Providence news. (Providence [R.I.]) 1891-1906, 1897-12-09

TO LET-Nicely furnished room, with
board, for gentleman and wife or two gentle
men. Beacon. avenue. d6-6t
The Providence news. (Providence [R.I.]) 1891-1906, 1897-12-09
PROFESSIONS CARDs.
FOR sALE-REAL EsTAYE.

FOR sAl4E-Ten-room house. los burnett
street Apply to ID. Russell Brown. tf
FOR SALE-buttonw oods Cottage. pnrtr
ally furnished Apply to d. Russell brown
tf
FOX SALINE room cOttnge nj Oak
land beach. Apply tn j. Il Randall. ~ Oak'
land Beach avenue. nov2'tf
FOX SAIE-Two snlenuI,l cottage lots on
Warwick Neck Apply 20 - Russell Brown.
.tF
The Providence news. (Providence [R.I.]) 1891-1906, 1897-12-09

ACCOUNTANT.

Books designed opened, closed audited and
systemati2ed Don't trust 20 luck: have
your books audited. !. Z. BRAWNFR. Pub
lie Consulting Expert, Corporation Account.
ant and Auditor, Z. .. box 3Ss, Boston,
Mass nlH-lm
The Providence news. (Providence [R.I.]) 1891-1906, 1897-12-09

FOR RENT-Cottage house, Burnctt street
ten rooms; s25 per month Apply TO ID. Rus
sell Brown, 62 Exchange place.
The Providence news. (Providence [R.I.]) 1891-1906, 1897-12-09

SAWDUSI tOR SALF-Flour barrel, Is
cents A. IL. tllnt Mfg Co. end OF Troy
street. nrll II
The Providence news. (Providence [R.I.]) 1891-1906, 1897-12-09
MISCELLANEOUS

To LET-The store corner OF Pine and Page
streets: was formerly saloon. Inquire 81
Westminster street James Campbell. d3tf
The Providence news. (Providence [R.I.]) 1891-1906, 1897-12-09
PERSONA. T..
SI.bO FOR 15r.

Watch cleaned 75c. main spring 75c. prfce
on other work in prOportion; done by the
most skilled workmen on earth. AT HOS
MER'S, corner Westminster and Franklin
and ~ North Main.
The Providence news. (Providence [R.I.]) 1891-1906, 1897-12-09
FOR sAIg-MTSCELLANEOUs

MOTOR FOR SALk-Manufactured by the
Waddell- EntZ Company of Bridgeport. Conn.
II IL 2 horsepower ll0 volts, IL smpiers and
is in hrst-class condition. Apply or address
The Evening News, ff2 South Water street.
The Providence news. (Providence [R.I.]) 1891-1906, 1897-12-09

WANTED-Shiugling 10 do; lest OF work ;
prices reasonable; satisfaction guaranteed.
Providence Shingling Co., 81 Point street.
nlq-lmo
The Providence news. (Providence [R.I.]) 1891-1906, 1897-12-09

Con steam. -. go. =. ki safe .....io, 70 Is
Clinton Chem .... i1s 80.
DO II 90 49,.
Quotations marked bv q ars for less than
8 iUsV par value Of stock.
The Providence news. (Providence [R.I.]) 1891-1906, 1897-12-09

TO LFASE--A lovely little place. with 3
acres OF land, nice shade trees cottage hofss
with blinds. finished rooms, good, stable,
woodshed and hen house, all newly painted,
on line Of B. s. p. II. r., - miles out. plentv
OF trains 10 accommodate person working in
city; "A good reliable party can lease for sl2
PER month. Call or address NJ, No. Main
street, Mansfield. Mass. d36t
The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1897-03-14

the Central caused freights to be d.
verted, impairing income and causing
default in interest payment for which
foreclosure was brought. They showed
a demand made by them upon the Cen
trail to contribute it's proportionate
share of the defaulted interest, with an
offer to contribute their own share.
They offered to prove on the trial be-
control, had declined to accept traffic
that, if taken, would have made earn
ings sufficient to pay the interest; that
the earnings of the road were used
for other and improper purposes, thus
causing the default in interest. The
lower court rejected this offer,
The court of appeals, in a decision
handed down by Justice Martin, after
reciting the facts proved and offered to
be proved, says: In determining the
correctness of the ruling made by the
trial court. it becomes necessary to
determine incidentally, whether a cor
pCration, purchasing a majority of the
stock Of another competing corporation,
may thus obtain control of it's
affairs, cause It to divert the income
from its business, or to refuse business
which would enable it to pay the in
terest for which it was in default, and
then institute an action in equity to
enforce it's obligations for the purpose
of obtaining control Of it's property,
at less than its value, to the injury
of the minority stockholders, and they
have no remedy" Commenting on
line Of decisions bearing upon the re-
lations of stockholders and directors,
it proceeds to extend and apply them to
the case at bar. ut is quite obvious
that a corporation, purchasing a ma
jority Of the stock of another compel
ing one. cannot obtain control of it's
affairs, divert income, refuse business,
causing default, and then institute
action in equity to enforce obligations
for the purpose Of obtaining entire con-
troll of the property to the injury of
the minority stockholders" It held
that, when the Central got control, it
assumed as a majority stakeholder, the
relation Of trustee for the minority,
owing them the duty Of protecting the
property, and barred from so acting as
to impair or destroy it. The far reach
Of the principle thus established. Is
within the ability Of even laymen to
realize.
The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1897-03-14
MINORITY STOCKHOLDERS.

An important decision in the iurid-
ical development Of corporation law
is one recently reaffirmed by the court
of appeals of the state of New York.
one that will put a stop to the very
common device of freezing out" the
minority stockholders in CORPORATIONS
by those holding a majority Of the
stock, and one that will also prevent
in the future those methods of wreck
ing railway companies which have been
so frequently used by interruptions
men. 1t further establishes the rule Of
law that the minority have rights that
the majority are bound to respect. and
the latter have duties they are bound
to perform. Hitherto the contrary has
been the practice, until the only ques-
ton seemed to be one of the ability to
gain control Of the major part of the
stock in order to give the holders legal
right to treat the property as they
wished. The minority were supposed
to take such possibilities as among
the inevitable risks Of their investment.
Briefly stated, the case is this. The
New York & Northern company had
built, and was operating a road that,
for some distance paralleled the New
York Central. 1t had issued it's second
mortgage bonds to the amount Of 3d.
10000, making the Farmers Loan &c
Trust company trustee, and authoriz-
ing the foreclosure of the mortgage on
default of interest whenever demanded
by the holders of 50, 900 900 Of the bonds.
It's stock consisted of $3,0OO,0 cO common
and $6,00OO 900 preferred. The New York
Central, through it's brokers, bought
the requisite amount of bonds and
controlling amount of the stock, ar
ranged the usual change of directors,
putting a majority Of its own officers
into the board, and letting the interest
default, through its brokers, made the
formal demand for the foreclosure Of
the mortgage. No defense was made
except by two Of the stockholders who
contended that. after gaining control,
The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1897-03-14

power coincidently with the arrival of
our harsh. unsympathetic. unapprecia-
tive guest, and vote in the other one
who beguiles US with gilded promises
of prosperity.
But still adversely abides with us and
prunes down our items of outgo with
ruthless hand. He runs his blue pencil
through this and that article of fancied
necessity. He insists that this or that
ether thing is equally good and costs
less. He convinces us against our will
that luxuries are not necessaries, and
that life is not only endurable, but has
elements of enjoyment when some Of
our imaginary indispensables are dis
pensed with. And then, when his
beautiful tonic has wrought it's cure
upon desire, and it has recovered from
its fever, and we have learned that the
luxuries of life are not its necessaries,
the normal relations of income and out
go are restored, and we all begin again
to live within our means, living on q
dime if income is but shilling. Then
and only then, Is the restoration OF
prosperity begun. Adversely, his task
completed retires until the time comes
again when desire, revived by restored
prosperity, makes it necessary to again
teach another generation, unmindfu;
of the bitter lessons taught it's fathers,
the homely lessons of frugality.
The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1897-03-14

titioned out amongst greedy companies
and left to be the prey of the adven-
turerS operating under the names Of
their respective governments? Have we
passed the days when great men can
see great visions and bring them to ac-
complishment? Over the remainder Of
the globe the existing powers have
spread not only their institutions, but
their claims, so thickly that all is oc-
cupied. In that old continent alone,
etrable for thousands of years Of
history, is there footing for another
nation.
If the South African settlers feel as
President Kruger does; if they have
arrived at the point where the colonist
shakes off his trammels and looks for
new citizenship; if they are indignant,
as they have right to be, over the cool
indifference to their rights and their
future shown by marauding companies
and scheming politicians alike; if out
of the immensities of that lone land
there shall be born again the domi-
mating spirit that has carved great ma
tons from the wilderness, these scat
tered atoms may spring suddenly to-
gether and a new name be added to
the list Of great republics Of the world
1t is a magnificent, but not impossible
dream. Bluff old Dom Paul has dared
at last to utter the word that must
have lain eager, but dormant, in many
a mind. According to the response that
it meets throughout South Africa will
the history Of its peoples be written
Now is the time when they must de-
clare whether their posterity shall serve
| distant and alien rulers in domestic
insignificance, or whether they shall be
the inheritors of a new and mighty
nationality.
The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1897-03-14

ligent nor the least; learned men, but
never the most nor the least learned.
So they represent neither the highest
aspirations nor the lowest desires of
their communities, are moved by the
same motives that actuate the average
common sense. This results inevitably
from our republican methods of selec-
ton, and the character Of our repre-
sentative bodies will rise only as the
average of citizenship rises.
One consolatory thought comes to
such an observer, as he scans the long
list of measures cast into the legisla-
tive hopper, and that is that humanity
has not yet reached that stage where
it ceases to have aspirations for i'm
proved conditions. He sees in them in
dications Of a healthful discomfort
seeking changes for the better. 1t
points, to be sure. to a millennium that
is yet very far distant, but it indicates
that the movement is still in that d.
rectlon and that mankind has not
given up the struggle and lapsed into
slothful indifference and contentment
He may smile at the crudity Of some
of the schemes of betterment, betraying
an ignorance Of economic and socio-
logical laws, and of what history tells
OF what men have tried and failed in;
but he feels quite sure that the meas
ures will have their nonsense ground
out of them in their passage through
the mill, or, If not, that they will pass
into the limbo of dead letter laws He
knows that every volume Of statutes
Is loaded with such infertile enact
ments. One of the most encouraging
conditions Of society is the stubborn
ness with which men persist in refusing
to be legislated into or out Of habits
way uninf1uenced and undeterred by
regulative laws
He gathers comfort out of the alb
surdities proposed. There may be a
mistaken faith in the efficacy of mere
law in those who are asking, for in
stance, that BARRIERS and horseshoers
and plumbers be licensed by an exam
lining board that shall certify to their
capability, before entering on any of
those vocations; but the important
thing is the Indication of a desire to
dignity their vocation, to exclude in
capables, to put distinction on capacity.
showing worthy ambition that, by re-
fiex action, will make better men and
citizens of them. 1t will be through
such influences, and not through the
enactments of legislatures, that these
men will be better craftsmen and citi-
zens for it. There may be a cheerful
meliorism inu this view; but, after all
is 1t not better than the pessimism that
sees mischief and evil in everything?
Will not humanity get along easier and
more rapidly on it's upward way thus
viewed than it will If we all become
birds of i'll omen, croaking laments of
degeneracy and predictions of universal
corruption?