davidaulloa/AmericanStories huggingface dataset:
The San Francisco call., 1898-06-26

reputatfons; the struggle fo1
 victory at the front has had its parallel in the equally fierce struggle for wealth on the stock exchange.
 It was Waterloo that made secure the fame of Wellington as a soldier. It was Waterloo that made secure also the financial dynasty of the Rothschilds.
 Shrewd old Nathan Rothschild had waited for Napoleon's downfall, firm in the faith that it must sooner or later come. His agents had followed the Cor sican in his various campaigns that he might have the first news of his over- throw, and during the days immediate ly preceding Waterloo he himself was in the British army. Indeed, he kept so close to the commander-in- chief that the Iron Duke" not knowing him, fan cied he must be either a spy or possible assassin, and threatened to hang him if he again appeared near headquarters.
 The day of the great battle Roths- child from his horse on the hill of Hougoumont watched the struggle of the nations, and when at last he saw that the French army was in retreat posted off to Brussels as fast as his HOTSS COulQ carry IllIil, WHeHCe d carriage in waiting conveyed him to Ostend. There he found storm raging on the channel and the sailors fearful to cross. But he knew neither fear nor danger when he saw the glint of gold He offered first six, then eight hundred francs to be taken to the English coast. At last upon his offering twenty-five hundred francs a fisherman having greater courage or greater cupidity than his fellows undertook the danger ous task. Before nightfall Rothschild had landed at Dover, and without wait ing for a moments rest was on his way to London. On the 20th of June he ap- peared at the Stock Exchange. He told his friends in confidence, of course, that Butchers army had been utterly de- stroyed by Napoleon at Ligny on the 18th and 17th and that as a result of this defeat there could be no hope for Wellington. His whisperings poisoned the public faith on every side. The funds went tumbling into the bottom pit of commercial panic, while private
The San Francisco call., 1898-06-26

DON'T believe there is going to be
 b the boom after the war that every
 one is talking about. If the war
 \ goes on for long time, as I think
 it will, things will be slow readjust
 ing themselves and securities will see
 gradual recovery. If the war should
 be over in 30 to 50 days there will be
 quick recovery
 Securities, both industrial and%rail- 2. road, will be affected pretty much 9. alike. We are doing no business and Q. we shall be doing none till the war is ., over. The railroads are handling :, heavy business, but it is all artificial. .. We are actually doing no business. q Hundreds of thousands of men are idle. :,, We are spending more than a million 'f dollars a day on our army-al of it 't the accumulation of the past. We are ss piling up a debt which believe will be 8 the biggest we have ever known. 2,
 l believe the country can easily take 9. care of a debt of thousand million. ., But we don't want to consider that. ., We must issue bonds to take care of q the cost of the war as the money is s' needed. We could pay cash for the war ., if we wanted to do so, but 1t would be .s too great a burden on the people, so 1t o. is wiser to issue bonds. ..
 I do not care to discuss the methods .: of placing the bonds. The men at the s, study of that matter and they know .. what method would be wisest to get e not only the best financial but the best q moral result. I believe that the loan g will be popular 0.
 It would be well to sell the bonds at s' par in small quantities to the people se To ask a premium for them and put 8. them up for the highest bidder would O. be too much like huckstering at this .. time. It is better that the bonds should q be distributed among the people, for ss that will give all the people greater e interest in the Government. It is al =. ways we'll to have the people feel as q though they were partners in the Gov se ernment's business, for then they Will 2, watch its affairs with greater care and q, see that its administration is better. q They will be more willing to help 1t s' along. too. if it needs their assistance 2, in the future That has always been 0. my policy in business, and I have never .. lost anything by it-that is, nave si made as much as l have lost se +o have the people take Government ., securities in times of peace England, e( vou know. has a permanent debt ana IL q might be well if the Government or the 3, United States had bonds in the hanus o, of the people at all times l was very e< ,1,,nb nleased with Chamberlain's g. sneech on the subject of England and 3, America. ., o1,;- 2.
 I believe in an Anglo-Amerlcan an . . ance. AS Chamberlain said. piooo is q thioirer than water We want to be on 2, frlengf frIendy ' terms with all nations, but we can trust England and some or the ., . others we can't trust. I see Chauncey !. Depew was reported to have .; salo III 8 3, France that an alliance was l1npossi- Q, io,a aand that we wanted France for our 2 friend rt nd I hope he didn't say it: | am m {. friend of Mr. Depew sincerely, put L II 8 8 he said anything like that l must oe- 2
The San Francisco call., 1898-06-26
s. ':

and public credit ceased to exist.
 As stocks and bonds went dowr Rothschild bought all the consols, bills and notes he could raise the money tC pay for. Then he ited SC, re in his knowledge of the reaction that would follow the news from Waterloo Or the 23d of June this news reached Lon don. Values went up more rapidly than they had previously gone down and shrewd old Nathan Rothschild counted as his some six millions more of gold.
 Of all the great fortunes of America the one most distinctly and legitimate ly a war fortune is that of the Du Fonts, who for almost a century have controlled the manufacture of gum powder in the United States.
 In 1902 Ebenthen Irene Du Pont, a French refugee, established himself in Delaware, where he commenced in a small way the manufacture of explo- sives. The war of 1872 and the Mexi- can war did much for the industry which his descendants carried on. In every generation one or more members of the family have paid for the family riches with their lives through ex- plosions in the mills, for the Du Fonts must be their own chemists and super intendents and mechanics. The price less secrets of their craft pass from father to son. During the civil war their contract with the Government involved millions of dollars, and the present war with Spain, when me cost of firing a single projectile is enorm- ous, will add greatly to their wealth which is estimated to exceed one hun- dred millions
 The first effect of the war was to paralyze trade of every sort, the next was to stimulate it. The speculative fever broke out in 1882 Men speculated in all the food products, in coal. iron dry goods and gold. Very few of these pureIy speculative fortunes were last inc however. They were made and lost almost in a day. One of the most in- teresting phases of this wartime speculation were the operations in gold which were first conducte1 in dirty and dingy news stall called "Gilpin S rooms" at the corner of William street and Exchange Place, New York city In two or three months it became the center of the gold business of the United States. During the war, when gold reached 285, the trade amounted to millions a day and immense fortunes were suddenly made, the majority of which were as suddenly lost in March of 1863, when gold fell seventy four points. Many of these deals were
The San Francisco call., 1898-06-26

hundred and twenty-five millions, and those of Friday would have reached a cool half billion, if they could ever have been made.
 Fortunes have been made by the manipulation of war loans; at the be- ginning of the rebellion the national bond issue, and the stability of the Government, which made the bonds of value, were both regarded with doubt The loan could not be negotiated abroad owing to Englands secret but bitter hostility to the North, and to the mistrust of the Rothschilds. The late Jay Cooke, a Western banker, under took the sale of these bonds; he placed the original 5.20 loan of five hundred and thirteen millionS-aS well as sub- sequent loans, which in the aggregate amounted to over one billion of dollars This is said to have been one of the most remarka ble achievements in the history of the worlds finances. His profits from the undertaking ran uI into the millions, but it was a service of paramount importance to the United States.
 The placing of the internal revenue taxa war measure to increase the in come of the Government-was not without it's opportunity for aggrandize- ment. Certain grave Senators are said to have made comfortable fortunes by peddling what were known as whisky tips" These tips-the standard price for which seems to have been about ten thousand dollars-were eagerly sought by spectators who bought and stored large quantities of whisky, knowing it would advance in price the moment the tax was placed upon it.
 One year prior to the war cotton sold at 111a cents a pound in the markets of the world; two years later it was sell ing at 241a cents, this rise, and those which followed, forcing it up to 65 cents, and affecting the price of all dry goods.
 Having foreseen the e ldition that war would necessarily create in the South, A. T. Stewart, New York's great dry goods merchant, had bought and stored millions of yards of cotton goods of all descriptions. In a single year from this source he realized four mill lion dollars.
 Devlin & Co of New York, a great wartime firm of clothiers, profited in a somewhat similar way. When it was seen that war was imminent they pur- chased all the cloth they could find in the market suitable for uniforms, and not even waiting for the call for troops began the manufacture of overcoats and army clothes. They had seventy
The San Francisco call., 1898-06-26
,. :. 5: 8 5: 8 5. s. . :a...

fraudulent. Edward B. Ketchum's operations, which were estimated tC have yielded him profit of over one million of dollars in less than a years time, were of this nature, but theil boldness compels sort of admiration by reason of his youth-he was only 25 years of age.
 The speculation in gold culminate6 in 1869 in widespread ruin. This was on what is known as Black Friday when Jay Gould and Jim Fisk tried to force it up to two hundred.
 Fisk had entered into the venture on Gould's assurance that President Grants brother-in-law, General Por- ter, his private secretary, and Butter field, the Assistant Secretary of the Treasury, were to have an interest ir the speculation. Fisk was aware that together they could buy all the gold ir New York city, but he feared the hun dred million in the subTreasury, for he knew an offer from the Government tC sell any part of that would mean theil ruin. as he said: Our phantom gol6 can't stand the real stuff. However when he was told that corruption was to play a part in the speculation, he felt at home and safe. They prepared fol the struggle by buying the Fifth Ma tional Bank of New York.
 On the 23d of September, the day be- fore the bubble broke, Gould and Fisk had about three hundred thousand dol lars onS deposit there, but their checks were certified to the amount of eight millions.
 The Government meantime had beer informed of the action of the bank, ano three examiners were sent to New York to take nossession. This was on Fri day morning; but they permitted the bank to transact it's regular business though no more checks were certified which were not covered by deposit.
 On Wednesday the price of gold had been 1401a. rise of cents. This would have -iven a profit of five mill ions of dollars to the conspirators had they chosen to sell, but they held an6 Thursday gold reached 150. On Friday morning it climbed to 160-and then al the critical moment came the news that the Government had opened the vaults of the sub-T Treasury Instantly there was a panic; with hardly rally gold fell to 133. There was none taken at any price. "The real stuff" crushed the corner in a twinkling of an eye.
 The report made by the committee ot investigation showed that there were only fifteen millions of gold certificates in New York city at the time, yet the clearings for Thursday were three
The San Francisco call., 1898-06-26
. 8 5. s. . 5. s. s 5.

five thousand of these packed and ready for shipment when the Presi- dents call for men came, and these uniforms were worn by the first troops that marched to the front. It was dur ing the first year of the war that the word "shoddy' came into use. It was applied to the worthless garments fur nished the Government by dishonest contractors, but after the first year the giving out of contracts was so well managed that frauds of this sort be- came well nigh impossible.
 It was the rise in the price of cotton that made blockade running profitable to English ship owners. fhe cargoes were sent out to Bermuda or Nassau and there transferred to the fast steamers that were to make the haz- ardous run to some Confederate port The profits were so great that a single successful run would more than pay for the best steamer afio~t and meet the expenses of the voyage into the bargain. How it fourished and what inducements it had to flourish may be judged from the fact that during the war the blockading fleet took or de- stroyed more than seven hundred yes sels engaged in the trade.
 It has been said that the purchase of arms added greatly to the private means of certain officials. The works at Springfield, where the army muskets were made, were unable to meet the sudden demand, and agents were sent abroad to buy rifles from various Eu- ropean powers.a The aggregate cost of these muskets exceeded two million dollars. They were in every way in- ferior to those made at home, and it was asserted that they were guns which had been condemned by the Governments from which they were purchased.
 The moneyed return in war times is not always in proportion to the actual value of the service refidered, indeed it would seem that the man who stays quietly at home and allows his neigh bor to go to the front and do the fight ing has every chance of becoming a rich man, while the soldier can only hope for fame-or a pension.
 Perhaps there is no better illustra- tion of this seeming unfairness than that offered in the case of Captain John Ericsson, who invented and built the famous Monitor which defeated the Merrimac in Hampton Roads and forever stayed the rising wave of Con- federate success. He probably received less from the Government than did many of the contractors who supplied caps and shoes for the army.
The San Francisco call., 1898-06-26

Why yes. About the Red Cross breakfast, you know Haven't you read about it? The papers have been full of it.''
 Have they?'
 .Of course there are two sides to all tales.'
 Are there?"
 And I dare say people would be rather interested to hear yours?" Would they?"
 And I should be charmed to write it''
 Would your"
 Above all things love justice!" Do you?"
 And you see I was not there at the fateful moment"
 Weren't you?''
 And so I didn't see for myself"
The San Francisco call., 1898-06-26

E are accustomed to regard
 war as the exclusive oppor- I tunity for the soldier, but it II has made fortunes as we'll as
 renutations: the struggle for
The San Francisco call., 1898-06-26
THE MANNERS OF CqPTgIN MqRCH.
BY ALICE REX.

SE NlA. Page Seventeen.
 Didn't you?''
 And I haven't really formed an opinion"
 Haven't your" of course the Red Cross is a society of women, and women are apt to take sentimental view of things "Yes?'
 They may not have understood your point of view"
 "No?"
 Tt was a new one, you know 'Yes?"
 "And they were not prepared for it. '' "No?"
 '" ?" ''Wer!''
 ''Well?"
 'So you absolutely won't?"
The San Francisco call., 1898-06-26

Spain out of the island Congress should guarantee Cuban bonds to the amount needed to establish the republic.
The San Francisco call., 1898-06-26

"Oh, if you don't mind I'd rather not"
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1898-05-29
West indianapolis.

Miss Grace Green, of Spencer, is visiting
her aunt Mrs. H. Fl. Wheeler.
Mr.. William Barton has been visiting in
Cartersburg for the past week.
Mrs. Emily Borten is the guest of Mrs.
William King, of River avenue
Mr.. Owen Rabbit, of Division street, has
gone to Greenwood to visit friends
The w. G. T. T. will meet with Mrs. Rob
erts on Reisner street Tuesday afternoon
Rev. w. H. Jennings and wife of Califor-
MA are visiting his father, on Standard aV-
enue.
The Rev. Willis Bond, of Azella is the
guest of Mr.. and Mrs, Brown, of Division
street. tf4
guests of Mrs. G. H. Leechman, of Oliver
avenue.
The Ladies' Aid will meet with Mrs. Par
nells, on North Williams street. Wednesday
afternoon.
Miss Grace Light. of WOODBURY. avenue is
visiting her sister, Mrs. f. Hughes, at Con-
nersville.
Miss Emma Crosse. of woodburn avenue.
has returned from visit TO relatives at
Wooster, o.
Mrs. Elmer Abeny and Miss Ida Willer,
of Terre Haute, are visiting their sister,
Mrs. Straughn.
Mr.. and Mrs. Frederick sandefer, of
WOODBURY. avenue. went to Georgetown, ILL.,,
Friday, to visit friends.
Mrs. R, H. Prosser and daughter, Mrs. c.
Hall, Of Mitchell, are visiting Mrs Soils
bury, on Division street.
The Trinity Church choir will give lawn
social Tuesday evening at the corner of
Oliver and Division streets.
Mr.. and Mrs. H. Chamners, of Carriers
burg, are guests of Mr. and Mrs. d. Cham
ners, on WOODBURY. avenue.
Mrs M. c. Light, who has been visiting
relatives at Connersville, has returned to
her home on WOODBURY. avenue
The Ladies' Aid Society of the River-ave-
nue. Baptist Church will give a social at "a
Marion avenue Wednesday evening.
Mr. and Mrs. John Barton, of River ave-
nue., entertained their friends last evening.
They were assisted by the Barton Brothers
Mandolin Club.
Mrs. Ada Leck county president Of the
w. c. L. IT,, visited the w. G. T. U. meet
ing last week. She made some valuable re-
marks for the benefit of the lodge.
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1898-05-29
HauGhViIIe.

The Rev. Father Dowd is visiting in New
Albany.
Mrs. Moroney will so to Willow Thurs
day to visit relatives.
Mrs. Alice Shaw, of Muncie, is visiting
her daughter, Mrs. William Jinkand.
Miss Louise Tevlin, of Louisville, KY, is
visiting Mr.. and Mrs. James IL. keenan,,
on fremont avenue.
Elder Newton Wilson, of Irvington, will
preach at the Christian Church Sunday
morning and evening.
Mr. John Hurst, of Grant, who has been
visiting his parents, on Michigan street, re-
turned to his home Thursday.
Miss Lottie Land will go to Martinsville
Wednesday to attend the district conVen-
ton of the Christian Eindeavor.
The Ladies' Aid Society of the M. z.
Church will give an entertainment at the
reading room Wednesday evening.
The Sunday school class of Wesley Chapel
gave an entertainment at the reading room
Friday night; large number attended.
Mr. Edgar Danner of Fremont avenue
medans, has returned home for the sum-
mer.
The Ladies' Aid Society of the King-ave-
nue. M E. Church will give a play, THE
New Woman" Wednesday evening at the
church.
The Shakspearean Club will meet with
Miss Eva Goodykoontz, on fremont ave-
nue., Friday evening. The study will be
"Evangeline."
The Puritan Lodge, No 67S, I. o. o. F.,
gave an ice cream social at the mineral
well park Thursday evening. Music was fur
nished by the Boys Brigade Band.
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1898-05-29
SUBURBAN SOCIAL NOTES.
BriEhfwOOd.


Mr.. O. L. Hahn has gone to Jonesborough
for week
Mr. and Mrs. William Cook are visiting
friends at Fortville
Mr.. Edward Avery of ST. Paul is visiting
his brother. on Station street
Miss Lille Smith, of Brightwood avenue,
is visiting friends in Lexington, KY.
Mr. and Mrs. B. A. Brown went to ST.
Louis, Mo, Tuesday, to visit relatives.
The union memorial services will be held
at the Baptist Church this afternoon, at 2:30.
The Rev. Thomas Smith, of Parter, will
be the guest of Rev. z. w. Murrey this
week.
Miss Johnson, who has been visiting Miss
Patton. has returned to her home in Bloom
ington.
Tish-i-mingo Tribe No 210, of the Red
Men, will take in thirteen members to-mor-
row evening.
Miss Ester Darnell, Miss Gertrude Put
nam and Miss Meadows will visit in Fort
Wayne to-day.
bus arrived Thursday and will make their
home on Brightwood avenue.
The Christian Endeavor Society of the
Congregational Church will have picnic at
Hammonds grove tomorrow.
The Ladies Sewing Circle of the Congre-
gational Church will meet with Mrs. Mead
ows, on Stewart street. Friday afternoon.
Mrs. Frederick Miller and left for
Junction City, Kan, Friday, to visit with
friends for month.
Mr.. Charles Brayton was married at Win
chester, Friday, and has returned with his
wife. They will make their home with his
mother. on Stewart street.
The Ladies' Aid Society of M. E. Church
gave a social for the benefit of the church
at Mrs. Putnam's. on Poplar street, Wednes-
day evening. Refreshments were served and
the quilt which was ratified off was won by
Miss Bessie kemper.
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1898-05-29
A Rov,s Mistake.
From Lord Tottenham," Pail Mall Maya

From Lord Tottenham," Pail Mall Maya
zine.
/ had always thought that the books were
right and that the best way to make your
fortune was to rescue an old gentleman In
distress. Then he brings you up as his own
son; but if you preferred to go on being
your own fathers son [ expect the old gem
tleman would make it up to you in some
other way. In books the least thing does 1t.
or you pick up his purse when he drops it.,
or you say hymn when he suddenly asks
you to, and then your fortune is made.
The others did not seem to care much
about the rescue. They said there WASH t
any deadly peril, and we should have to
make one before we could rescue the old
gentleman from it. but Oswald didn't see
that that mattered. However, he thought
he would try some of the easier ways first
by himself. So he waited about at the sta
ton, and pulled up railway carriage win
but nothing happened, and at last the por-
ters said he was a. nuisance. So that was
no go. No one ever asked him TO say d
hymn, though he had learnt a nice short
one, beginning New every morning." and
when an old gentleman did drop two-shill-
ing piece just by ElliS'S, the hair dresser s,
and Oswald picked it up and was just think
ing what he should say when he returned 1t,
the old gentleman caught him by the collar
and called him young thief. Tt would have
been very unpleasant for Oswald if he
and known the policeman on that beat very
we'll indeed. So the policeman backed him
up, and the old gentleman said he was
sorry and offered Oswald a sixpence. Os-
valid refused it with polite disdain, and
nothing more happened at all.