davidaulloa/AmericanStories huggingface dataset:
The morning news. [volume] (Savannah, Ga.) 1887-1900, 1898-02-08
NO sMALL-Pox Ar CHATTANOOGA.
TeIegrams Reporting 1000 Cases in
the City UnfOunded.

Chattanooga, Feb. Especial kilograms
from Chattanooga appearing in number
of metropolitan papers to the effect that
there are 1000 cases of smallpox in and
around Chattanooga are without founda-
tion In fact. During the last several
months there have been only two cases
of smallpox In this immediate section,
and these were isolated at remote points.
The morning news. [volume] (Savannah, Ga.) 1887-1900, 1898-02-08
BLAZE Ar ATLANTIC CITY.
started I'm Academy OF Music and
burned Half n Block.

Atlantic City N. j., Feb. IA fire,
which originated In the Academy Of Music
this morning, destroyed a half block of
buildings, entailing a loss Of about S65,o0O
before being gotten under control.
The morning news. [volume] (Savannah, Ga.) 1887-1900, 1898-02-08
HOT FIRE AT HARRISON.
Blaze of Incendiary Origin and Loss
S5O.OOO.

Harrison, Ark, Feb IAN incendiary
fire caused $4,000 damage to property at
this place this morning.
The fire originated in the lower floor of
the Harrison Supply Company's store, and
spread to Henges Bros store. and then to
the Citizens Bank.
The block destroyed was of brick and
was owned BY the Hil-Fontaine Cotton
Company.
The morning news. [volume] (Savannah, Ga.) 1887-1900, 1898-02-08
INDIANA TOWN SAVED.
The Fire Mt Albany subdued After
Hard Fighting.

Albany, Ind. Feb. 1.-THE fire. which
threatened last night to destroy the BUSH
ness portion Of Albany, was subdued after
hours Of hard fighting end the flames con-
fined TO David Spicer's block. The loss was
less than $25,OO), and well covered by insur-
ance.
The morning news. [volume] (Savannah, Ga.) 1887-1900, 1898-02-08
No Cabinet Crisis in Cuba.

Madrid. Feb. 7.-At the cabinet council
to-day a dispatch was read from sehor
Glaves, president OF the colonIal coul'G'i 'i,.
terial crisis there.
The morning news. [volume] (Savannah, Ga.) 1887-1900, 1898-02-08

Havana, Feb IA dispatch from san
t,ago de Cuba announces the arrival OF
The Austrian third class cruiser Doha'
os ohout $500 tons displacement.
The morning news. [volume] (Savannah, Ga.) 1887-1900, 1898-02-08
Chile ana Peru Not 10 Fight.

Lima, Peru, Feb 7.-The correspondent
of the Associated Press is authoritatively
informed that the questions In dispute
between Peru and Chile will be satisfac-
torily arranged before the end of Febru-
apy
The morning news. [volume] (Savannah, Ga.) 1887-1900, 1898-02-08
TRAIN WRECKED ny DYNAMITE.
'''e Fassengres Killed and Twenty
Seven wounded,

havana Feb. THE insurgents have
uyhamiied train between Bonito and
Nlhcieto, province of Santiago de
1uoa' destroying first class passenger
y, ana another car loaded with cattle.
I'VE passengers were killed and twenty
seven wounded
,,a. tc spanish version of the affair adds
bo me insurgents afterwards attacked
rgc,..' lam put We're repulsed by fire of the
o'' until the arrival of reinforcements.
The morning news. [volume] (Savannah, Ga.) 1887-1900, 1898-02-08
RIG FIRE AT MANILA.
Two Hundred Buildings burned at
4he philippine Capital.

Madrid, Feb. 7.-Dispatches just receN-
ea from Manila, capital Of the Phiiipplhe
islands. announce that 200 buildings, some
of them of importance, have peen Destroy
ed by fire.
The morning news. [volume] (Savannah, Ga.) 1887-1900, 1898-02-08
NO REVOLUTION IN COSTA RIoA.
Peace Perfect Throughout the whole
Country.

Washington. Feb. IAN official cable
gram from San Jose received to-day at the
Costa Rlcan legation says; News about
revolution in Costa Rca is not correct
Peace is perfect through the whole coun-
try"
The morning news. [volume] (Savannah, Ga.) 1887-1900, 1898-02-08
CHINA's LOAN.
Land and Salt Taxes to Be Pledged to
Secure Payment.

London, Feb. ga special dispatch
from Pekin says the proposed interna-
tional loan of 100 10000 taels is redeema-
bic in twenty years. The principal and
interest are payable from the land and
pay the japanese indemnity, but the pros
poets of It's being subscribed are illusory
1t is apparently intended merely as ruse
TO gain time.
The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1898-11-23


pIyELISHER5 NOTICE - TRAVELLING
agents are j. A. McGlellaf, V. ,. EoHi.y
and o. b. LOOMS City collectors are ;. a
catIcArf, X. T. Haw.sy. Eugene acsafth =
c. n MCGOWAN; G. II. Stenen ana II -
Willie. possmasters everywhere ar oaa
agents Pay money Only 10 these aIss -
oar resident agents in Inc various Clues Az"
towas Of the Northwest. -.
ADVERTISING Office hours OF tHs
POst-Inteiligencer business Office. LAY.
a. m until ii y. M. SUNDAY noo.s. r op'.''
O. IN until II p m c.assiiia se,,srtsy viii
mems for insertion folowsaE n1osiihs ".''
be received UP 10 1879 y. m nss s s
ments under classified headings VIII ps -, ~
serted at the rate Of / cent "ota 80
insertion. Payment always IN aus n
No advertisement received Tor assn 1'"A ="
cents
ADyERTTSERs-C for advertise
ments ia the Sunday Post-lh1.iasfnaeei
must he furnished by O'Clock Satut.ias
Advertisements will be received al ofahe"
offices Of the Poas-Inte.igencer.
REWARD-Ten dollars viii be PAID for
Information leading TO the convie1ion =.
any person stealing copies Oh this paper
delivered to subscribers In Seattle.
TACOMA EUKEAU--So. i2S PACING ave-
nue.. l.. A. Harrison.
EFEEETT-P. X. Lewis.
SPOKANE-Branch office. traders
block. Cos Riverside avenue; telephone ~
]. O. Peterson. Manager.
PORT TOWNSESD-Wm A. I'feiner.
REI.LINGHAH BAY 80 New Whatcom.
Parker Ellis Manager.
OLYMPIA-4f7,z Main street. G. &. Win
stanley Agent
VICTORIA Il. c.-Georgs Marsden.
The following letters await advertisers at
this office
The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1898-11-23
MEDICAL.


LADIES Chiches,er's English Penny
royal Pills Diamond Brandt are the
best. safe reliable: lake no other, send
&c stamps. FOR particulars; Relief for
Ladies" in letter by return maj. az drug
taA4a pa
The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1898-11-23
1sl-aa--@-l-4aa-l
BIRTHS

yANrTAN-ll seattIe, TUESDAY. SoEer-
ntr 2, 49,. 70 Mr.. and Ars. Frank Az
star, son.
FsT1 Fin Seattle. Monday. November =
1Mk 20 Mr. ard Mrs. Lasis Ei1lS. y"
B2unsr street. SON.
MOSS In Seattle. Tuesday. Sosfnio, q, ~
49, - Lieut. aud Ars. Harvey j. NOSE
r xo.
The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1898-11-23

wTy<.fps-In Seattle. at the cofhe, 49, -
Twesfy -gtxtn avenue ard Ess tS..s ST.
styeet Tuesday NovernfSeT = Eass az -
L..y WILCOX. aged 50 years o. as''''e Nv
cay. s., 49,, -. g
Fsneral services will he neld today a. !
D. M. in the First Methodist Epsseopai
church.
AREOLD-Funerai services tor the ,ass -
ii. Arnold will be held TO-DAY IA hAs1s
this chapel.
IapE.TTLAt Ballard. Tuesday. November
"a fss4 az 20 - q. m.,s Archibald hennsis
Fmuett OF Ballard. OF ar soscess.
The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1898-11-23
FOR AI.E-rINBER LAND.

5, t.sl--.so ACRES: cruisers estimate. eigat
yra4 lsaa fee. tgo-ih.r4s cedar. on river
bark = you aaat bargains n small or
large timber tracts CsA on or write A. Z.
TAxA1- & Co., - Ssg York aaoek-
The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1898-11-23
ron s,fF-LoDs.N not SEES.

Fap SAIL Th5Fty-roow lodging house /.
vfwfr farm s4e1 moderate rent good
location Apply % Frederick Nelson &
The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1898-11-23

In order 70 secure correct insertion OF nd
tfceS under these headings, the same saooaa
re tess at the business office o. this paper
No charge is made for such notices.
EuLeTai notices resolutions, or DINER spc-
ciai aFr0unce suefsss will he charged az TIE
rate II 10 cents per line each insertion.
pOST-fETELLIGENC CO.
The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1898-11-23
Ct.sIRs Oh AN~.
9-1--17--'---, >-7--7'-'7.1-
THE BROCkWAY FAMILY.


THE BROCkWAY FAMILY.
IT HAS BEEN tritely sad that public
opinion IS the court Of last resort. before
which all men must stand On anal ap-
pea This vfgilsnI ana exacting II
bGnal whose memorable decree cannot
De ignored. has weighed che ability Of
the Srockways IL the Balance and 5ns
verdict Is Not Wanting" As result
d. IN 10 ) p. m. Their best advertise
menI i their patrons. one vtsis %
these people will repay you Tor the
many disappoiniments YOU have hi;her-
TO received. II you wish truthful spir-
itu2l advice on ali affairs or are IN DOUBT
or trouble consult them.
THERE ARE GOOD MEDIUMS
And room FER many more. II YOU wish
10 develop your latent powers attend the
class every Thursday. 30 =. N.
PARLoRS. 1922 SECOND AVE.
STILL A MYSTERY how Mrs. DR. Stay,
ton, queen of mediums. sccomplishes Sucn
wonders. While entranced she diScloses
your future. locates mines. reuniJes low
ers. husbands ard wives. Thousands
made happy through the Gift % this Won
derful woman. Secure one OF her Egyp>
tan charms. satisfaction by mail; lnelosss
stamp for circular. Hotel Seattle. second
floor 5S-a.. Hours. 10 10 ).
REMOVED from Russell house TO ,I9
Third avenue. corner Columbia. room :,
Mrs Welch, eiairvoyant palnist; psyche,
metric photos, minerals read; 10 prove
her work. viii read this week only ladies
soc. gents 81.
SPIRITUAL. NEUTRALITY-SUSPICIOUS. and
Teaching. DIR. Chesbgo. Manager: Mrs.
Chssbro. seer, readings daily. pubic cir
cleS Monday. Thursday. p. M. 422 Seat
tie National Bank building, Yes,er way.
MRS. Z. EMETT. South African medium.
in her wonderful ca.rvoyant sight. re-
vesais past. present. future. Consul. her.
Reading. SOC. Office ao9 Pioneer building.
corner James and Firsc avenue.
ter; greatest known paIrnist: planet card
reader, do no. fall seeing her. - Safe
Deposit building.
NINE. LA WEE. clairvoyant trance me-
dun. tells past. present ana future, sat
isfactson guaranteed or no pay. Sixth
and Madison.
MADAM ESPERANZA. c.airvoyant life
reader; business advice Kennebec block.
sos Yesler way. room /.
MISS CLARK-Most wonderful medium on
earth 1ol First avenue room 30. third
floor.
CALL and see the wonderful Nine Fran
cisco. clairvoyant. All Pioneer block
FLoRANCE MARVIN. thirteen years Sc
attle'S prophecies. 6l4 First
The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1898-11-23
HYPNOTISM.

THE manager of The Hypnotic and Mes
merle Institute, OF California. will or
ganze a class of students Interested in
hypnotsm. for the purpose Of teaching
practically ard scientifically how 10 pro-
duce leth1rgy. catalepsy and somna bu-
hsm also private lessons given. For
terms and particulars. address J n. care
ost-Inte,Neeneer
The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1898-11-23

EDtt tIbs Al.
MANAGER * a teachers agency wanted
for egrcr noe az part ylaae. safe axe,
es4ca'Ilt- business an9 professional. *
r--fl2ut@ and zs8ve references Su.sae one
VINO - H. extensive Acquaintance
among feacaers preferred. Sma.. ta<s-ss-
nlent necessary. \ teacher u reputation
whose tia1e - pot fully occupied sso4.3 se
considered Aires y, Ps2l-intgl,sssa-eE
o:iice-
The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1898-11-23
CARPENTERS AND BUILDERS.


a T. RANDALL. q co. carpenters. ioh-
tfrs glazing. screens windows aai
doors Telephone. Green Gft. ~ Spring
The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1898-11-23
kI4OND:hE --oCTfIrTERs.

C. T. WERNECKE. manufacturer of furs
and Alaska goods me quality tells my
prices sell. see them. Columbia dock $40
railroad avenue, seattle Wash.
The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1898-11-23
kLONDIkE -NtCHINERY.


DIAMOND II BRAND. made of best IN
ported English tool steel. sup ri5r II all
Others. suiIy guaranteed 80 d by all FIRST
class 5ea ers Manufa tur@i ara Sold by
Columbia Car S Tool Works. Seaon! ara
Cay. Portland or.
The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1898-11-23

FOR E&CHA \ti t.-e,-aCFe lemon grove OF
v3une hearing Trees. near san Diego.
Cal. Sl2en. all clear. Viii exchange Ter
good zeal estate or gents furnishing AMI
clothing store - Seattle Or Portland
Glass 4 ,1u!nian It@-a9S Nfw work nfrrk
The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1898-11-23
SOCIETY NOTICES.

SOCIETY NOTICES.
SEATTLE LODGE No. 60. A. o. T.. w.
will give a masquerade ball at Armory
hall on Thanksgiving. Thursday. Noyem-
Der "a Il prizes for best costumes and
characters. . cents admission; no extra
charges for dancing.
The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1898-11-23
kLONDIk E-MisCELLANEuvs.

MARINE INSURANCf-Huils ana car
goes written: open policies issued, aver
ages adjusted also Are. accident casii-
atty and liability Insurance In the Lead
ing companies. Hanford * Stewart. oUz
Pioneer building
WANTED Dogs suitable for Alaska Can
nr address ABBOTT hotel q J Raci<ls
The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1898-11-23

MASSAGE AND BATHS.

NINE. JENNIE EDGAR-Turkish salt
water baths magnetic treatment; rheu-
matiSm and nervousness cured: scientific
massage, lady attendant. Rooms in
connection. 2iSta Columbia
NENDOME. Turkish and Russian baths
ladies' private rooms: never closed: cor
ner First and Marion.
BATTLE CREEK BATHS Trained
nurses 500 Columbia
The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1898-11-23

I-.-~,~
f1rYcE
Eaaog
~ Il
| N rs
ssss.sle.
49,
assa.sss
IN" rol
Pm Ia
~ ~
H.. III
and
fses e. .
ts2.eslss :
tsr'S@fv
tssn Ss
EAl le,,s|
fi.s'.aattSsa
The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1898-11-23

ARCANA LODGE. s.. F. and A NJ. meet
second ana fourta Monday each month
The Caucasian. (Clinton, N.C.) 188?-1913, 1898-11-17
ESCAPED Montauk Hospital.
NEW York. Oct. 6. 1895

NkW OHAs OCt. U, 1899.
Messrs. Wells, Richardson & Co.,
Genlemen-If any body in the whole
regiment of Rough Riders had
chance to observe the general weaken
ed condition of the men when they
started back to the United States, as
compared with their stalwart condi-
ton when they sailed from San An
tonic on June, 9Th, 1 think had.
Oklahoma is generally regarded as q
healthy climate, ::and last May, when 1
left there, I hardly knew what sickness
meant. Earlier In life, however, l had
Ii led in the East, and after a month in
service knew that what I needed, in
my general rundown condition, was a
nerve tonic. knew if my nerves
were fixed up there would be no trouble
about my general health as soon as !
got away from the army.
also knew the position that Paine's
celery compound occupied, although ]
had not had occasion to lase it much
myself. got few bottles of it and
began to take it and give it to few OF
my acquantainces. 1t actually seemed tt
build up nay nervous cons tituti0n al
most as rapidly as the Southern climate
had torn it down. The same thing
was true Of the men gave it to.
Unless 1 had found this tonic to re-
store my nerves I feel sure that
would have gone to the hospital n
Mol1tauk Point, and I might hav'
shaved the fate of many other poor fel
lows whose impoverished condition dit
not yield to the the doctors treatment
cs, %e 10 ON
remed 2 ever sold in America.
Sergt. NJ. DOUTHETT,
Guthrie, o. lah0ma.
The Caucasian. (Clinton, N.C.) 188?-1913, 1898-11-17
Brought Him Back to Life.
New YORK. Sent. 80. 10!

NEW ok, OepI. ~, AoSH.
Messrs. Wells, Richardson & Co.,
Gentlemen-I might have broken
down sooner in the campaign about
Santiago il 1 had had time to realize
what was the matter with me before
the Spaniards surrendered.
God knows broke down soon enough
as it was, and it was as great a sur
prise to me as it was to the other noys
who knew me at home. But the
Spaniards kept Us busy, when we were
not busy on our own account getting
ready for the big fight. That / was Z
member of the Roosevelt Regiment I
shall always be proud, and the Fl gifts nt
Las Quasimas and at San Jus.n Hill
will be things to talk about for many q
year.
But l would not have lived to talk
about them If had not found some
thing to brace my nerves up again
after the siege had of it at So ntiago
with dysentery and slow fever. I got
50 could hardly shoot. and felt like
did not care whether 1 did or not.
I lost 30 pounds in weight and q lot
more than that in spirit, If you can
measure q fellows spirit that way.
Half dozen Mauser bullets eou Id not
have made a worse mess of 10 than
the Cuban Climate and the mad in the
Santiago trenches did. As soon as I
found was sick aid my nerves were
all gone hunted for a tonic. I found
it on the way back North, WheE, I got
some Of the Paine's celery compound I
saw other men using.
How it braced me up roy picture will
show better than anythi ng else. It is
the greatest nerve resto Ter that can be
made, for it brings al the force there
is in man to the surf ace.
E. E.. HOLT,
Dango, Colorado.
The Caucasian. (Clinton, N.C.) 188?-1913, 1898-11-17
Nearly Dead from the Fever.
ST.. LOUIS, Sept. 90, 10!

ST. LOUIS, Sept. %, 1893.
Messrs. Wells, Richardson & Co.
Gentlemen can blame me
OF being disloyal If say that Paine's
celery compound has done more for
ne than any other person or thing
since 1 left Silver City to join the
Rough Riders.
1t has pulled together the scraps Of
q stalwart man, brought me around
from all the bad effects of the (ubaD
climate, and braced me up until am
in better health than have been in
ten years. My friends in the West
think that I am nearly dead from the
army fever they call calientura in
Cuba. When get back to Silver City
they will be as surprised as sometimes
feel myself. had pretty good nerves
before enlisted. They went to pieces
while we were lying out in the
trenches at Santiago, lodging bullets.
we got 20 Sibouey. When the Msuser
was getting nervous.
found myself scarcely able to walk
after the battle of San Juan.
got worse until got back to Mon.
tauk Point, where | got bottle OF
Paine's celery compound from anOtbeJ
fellow in the regiment. saw several
of the Rough Riders taking it.
With some Of them, as with me, i,
seemed to take the place OF both fOOt
and medicine, for the systems Of many
of the men needed toning up before
they could again eat as they had don'
before they left this country.
I don't know much about medicines
We don't need mnch medicine in New
Mexico. But I know Paine's celer!
compound has fixed me up until / fee
able to take the road for home, wher
III expect to tell every one VIII
mentio..s nerves to me about my case
WILLIAM II. TOIK,
Silver City, n. NJ.
The Caucasian. (Clinton, N.C.) 188?-1913, 1898-11-17
4 Proclamation b" the Governor.
500 REWARD.

STATE OF NORTH CARoLrxA,
Exc CUTlvE MAY. SION.
Whereas, Official informal ion has
been received 1T tfiis departu ent that
on Saturday highs, October %. ult., in
Moore county North CaroliP a. Henry
Hales struck Eb Wicker VII sh q stone
from the effects. which w Joker died.
And Whereas, IL appears q lat the said
Henry Hales has fed the state. or 20
conoeals himself that 81 "a ordinary
process OF law cannot DO served upon
him:
Now, Therefore, I, DAM. Ell l.. Russell
Governor of the State No rth Carolina,
by virtue Of authority in me vested by
law do issue this my Proclamation
Offering q reward of oDs hundred dol.
lars for the apprehens50 and delivery
Of the said Henry Hafas to the Sheriff
Of Moore county 1t III e Court house
door, IN Carthage Most Carolina and
Do enjoin all officer . of the State
and all good citizeN to assist ir
bringing said crimi0 nj to Justice
Done at our city of Raleigh, thu
fourth day OF Ncvl0 Der, the year o.
our Lord one teousaaS ! eight hundred
and ninety -eiGht sm1 in the one hun
dred and twentyth I'D year of ou
American Indepeadh ace.
DAMN T. /. RUseELL
By tho Governor:
BAYLus Clm
Private-Sew etafy.
The Caucasian. (Clinton, N.C.) 188?-1913, 1898-11-17
Dem cratic JOlIification.

The Democrats of Raleigh had jol-
LITIGATION Tuesday night. About 500
men were in line each carrying torch
and about 800 boys with horns and
tin pans. The triumphal arch was a
nice piece of work, neatly decorated
and on one side bearing the inscrip-
tion Good Government" aud on the
other "Good Will to AL" A numb r
of speeches were made by the more
prominent leaders of the party. A
large crowd turned out to witness the
parade which started at 100 p. m.
from the foot of Fayetteville street, up
Fayetteville street around the Capitol
and pass the Governors Mansion,
thence back to Nash Square. Tar bar.
rels were placed at all intersections of
the streets and illuminated the line OF
march. Fire works were plentiful
and on the whole the affair passed of
very orderly and creditably. just be-
fore the procession reached the arch
some of the drapery decoration caught
afire destroying the mOttOs "GOod
Government" and Good Will to ALI
This was the only ishap.
The Caucasian. (Clinton, N.C.) 188?-1913, 1898-11-17

Congressman Fowler was asked &
few days ego how he felt over his
defeat, al d replied, that ss State Su.
perintendont of Public instruction
John c. Scarborough expressed hi m
self when similarly interrogats d af.
ter the lection two years ago. He fell
like the old veteran who lost an ann
and leg in the war, came home and
found his houses burned and negroes
freed. A neighbor tried to console
him by saying that it was the work
of the Lord, and that the Lord did
everything for the best. The discon-
solate old veteran said he had
thought about that, but he was of
the opinion that the Lord had car
ried this thing most too far.-Cl,n
ON Cauc lsian.
The Caucasian. (Clinton, N.C.) 188?-1913, 1898-11-17
How and Why Railroads. Water Tn, In
stock.

stock.
The watering of railroad stocks
is known by all to exist, but Just
how 1t Is done or Why it Is done is
yet an enigma to many people. 1t
IS the purpose OF this article to an
swer both questions in the SIM
plest manner possible. Let us take
the following simple illustration :
Jones, Smith and Brown organize a
railroad company and build and
equip a road from Salt Lake to
Murray. Let us suppose it costs
them $4,000. They begin opera
tons and at the end of the year
they find they have cleared $4,000
or 90 per cent. of the actual cost OF
the road. Now, should the news
reach the public what the company
Is making on their investment,
complaints would soon be heard
that freight and passenger rates
are too high. To throw the public
OF their guard and to make it ap-
pear that freight charges are none
too high, that is to say to m AXE the
people believe that the percentage
~ profit Is not too large, the com
pany issues $4,000 worth of stock.
This costs nothing more than the
blank paper and the printing. 1t
now appears that the road cost
100000, while, in fact, it only cost
$4,000, but the percentage of pro-
fit Is now only % per cent. instead
OF 90 per cent. But % per cent. is
too much, so the company issues
100000 more Of stock Now the
figures on the company's books
would make it indicate that the
road had actually cost 100000 and
that the profit Of $4,000 is only
~ per cent. on the Investment
Again, they issue 100000 more
stock and that reduces their per-
centage of profit to only 81 per cent
And so 1t is continued until it looks
to be losing game, while the facts
are that the company is still reap
Ing Oh per cent. profit on the money
actually invested. Some roads that
cost actually less than $4,000 pei
mile are trying to pay dividends on
100000 per mile. That system is
what is known as robbing the law
The law permits it and enterpris.
ing men take advantage OF 1t. Nc
one can blame them for it. 1t is
just as legitimate, SO far as law goes
as 1t is To buy potatoes at eight,
cents a bushel and sell them at 2;
cents q peck. 1t is the system that
we are condemning and not the
persons who do it.-Living ISIS lie