davidaulloa/AmericanStories huggingface dataset:
The San Francisco call., 1899-07-23

n ORE than twenty years ago the
Third National Bank Of Chicago
formally closed it's doors and
a receiver was appointed. To-
day this stock is held at
nearly double its par value; and 1t is
regarded as "gilt-edged' security. With
in five years, although the bank has re-
ceived no deposits, made no loans, lssueq
no currency, sold no drafts, 1t has pald
two substantial dividends to its stock
holders and promises many more. More
over, it is unique in being a corporation
having large assets and no Hablilties-
beyond the obligation to its stockholders.
The circumstances which led up to
these peculiar, even unprecedented con-
ditions, make a story probably without
ing5.@ @--'- "
tional Bank ranked as one Of the stanch-
est financial institutions in the West It
had a capitalizati ton of $750O0 and its di-
rectory included some som OF the most prom
George NJ. Pullman, ]. Irving Pearce, Jo-
seph Medill, c. H. Curtis, G; NJ; Hender-
TShi %iiiiam m f. f Alien Alien and p s. S. BENJAMIN
When the financial crisis of 1873 was at
It's height the Third National Bank sus-
pended payment for a single week as a
precaution against a threatened run
Then it opened again and prepared to re-
sumo its old place in the business world
Rut a bank IS like man. 1t is trusted
Implicitly until 1t reveals some inherent
weakness.
The Third National BANK nau the nneSI
of3cers in Chicago, the largest force Of
clerks. the longest list, of country corre-
spondents, but it also had the single slip
from the path of psncia TecttHde to
the need of unusual efforts to maintain
its business supremacy, signed the bonds
receiving large deposits of the public
money to swell the quarterly reports; Ii me
bank also appeared as the main deposl-
tory Of Board Of Park &c CommiSg5eneFs han9e fbs
treasurer other bankers. looking on, saw
the signs and understood them >, nm nm
In 1873 the deposits exceeded II; 900 600,
but they kept creeping down until late in
1871 they were only 81, 1854 900.
In September, 1877. an extensive hotel
property owned by President Pearce and
one of the other directors was destroyed
by fire. It had no connection with the
bank, and yet the bank felt the shock;
A few weeks later President Pearce called
on the New, York correspondent of Of his Ms
bank and asked for temporary loan TO
be used in case the heavy deposits of
the next morning this epitaph appeared
on the bank door:
THIS BANK IS CLOSED.
q
The San Francisco call., 1899-07-23

stockholders an offer of $1,000 900 for the
holders rejected it. In a manner hardly
less remarkable the forty-five-acre cab
page patch became valuable. Car lines
out around it. and every year has added
thousands of dollars to its value.
Under the receivers care the bank has
been as marvelously fortunate as it was
unfortunate while it was still in the hands
of the directory.
In 1893 the receiver was able to pay a
dividend of 10 per cent. to the stockhold-
ers, and he followed it in 1895 with sec
ond dividend of per cent.
When the receiver had finished the pay
ment of the liabilities of the bank the law
required him to resign in favor of an
The San Francisco call., 1899-07-23

of 1881, thus returning to the depositors
the face value of their claims A year
later they received their interest in full
and the stockholders were left, nearly
five years after the close of the bank, with
a score of pieces of expensive real es-
tate, most of which had comparatively
little present cash value, and a quantity
of doubtful claims and costly lawsuits,
the legacy of the panic.
At the time of the banks failure Chi
cago's population scarcely exceeded 400,-
000 and there was no reason for arguing
that in twenty years time it would be the
second city in the country, with a popula-
ton of more than 200 .000 with real estate
appreciated in value on a scale commen-
surate with the growth of the city.
In July. 1891, the receiver made the
The San Francisco call., 1899-07-23

WHILE PROFESSOR HYSLOP,
A HARD-HEADED MAN OF
SCIENCE, FROM YOUTH A
PRONOUNCED SKEPTIC,
TAKING UP THE CAUSE
TURNS FIRM BELIEVER.

thing besides natural forces at her COM
mand.
In writing of this evenings experience
efterward he summed up his impressions
and convictions as follows:
.I believe we can affirm the undouoted
existence of unknown forces capable OF
moving matter and of counteractlng the
action Of gravity. 1t is combination on
fcult to analyze of physical and psychic
forces. But such facts, however. eHtraVa-
CANT they may appear, deserve 20 enter
+he domain of scientific investigation, and
~ is even probable that they may power
fulIv contribute toward the elucidat1on Oh
the problem-for us supreme-of the ma
ture Of the human soul.
The San Francisco call., 1899-07-23

where there was little prospect Of tts ever
being anything more than a cabbage
patch. Still another piece of property lay
far out in the southwestern portion OF the
city, and 1t seemed to some OF the ninety
stockholders that 1t would hardly pay
the bank to retain It's property and meet
the expenses of management.
But the receiver was man or wide
resources and unbounding faith, and had
faith in Chicago.
Three months after the closing of the
bank-on Janury 81. 1S7S-the depositors
received a dividend of 45 per cent. A
month later 10 per cent more was paid
and before the close of 1879 35.. per cent
more had been distributed, and the re-
ceiver managed to pay two other divi-
dends of per cent each before the close
The San Francisco call., 1899-07-23

agent who should dispose of the remaining
assets of the bank and divide the proceeds
among the stockholders.
But the stockholders had confidence in
the receiver, and wanted him retained in
the management of the business A com
mittee appeared before Congress during
President Harrison's administration and
succeeded in getting the banking law
changed so that the receiver could con-
And thus, by combination of good
fortune, shrewd management and pa
sents the spectacle, probably uneoualed in
finance. of a business institution for
twenty years defunct and yet paying divi-
value.
The San Francisco call., 1899-07-23
assets Of 50, ,Ss1 By November Al tho
cash had shriveled away to 3283 ,s03 and

On November q the Clearing House
Association wrote its death warrant, and
Jackson, showed that the nominal assets
were about 81 100000 and the debts were
nearly 81, 900 900, leaving nominal $500 900
to pay the stock liability of $3.50 900. On
paper this looked most encoura ging, but
a close examination showed that there
was too much SLOW paper and not
enough "short."
OF the real estate, one tract of a hun
dred acres lay on a barren sand ridge near
the lake shore and nearly ten miles south
east of the City Hall Another tract of
forty-five acres was nearly as far to the
west of the city on the bare fiat prairie,
The San Francisco call., 1899-07-23
TWO C1EN or SCIENCE
SUDDENLY OFIANGE
THEIR WEWS--WN

Gus for it. but it was not until Eusapia
Paladino made her appearance in the
spirttualistic world thaS he declared him
self subjugated.
Eusapia Paladino was a small trades
woman residing in Naples in the early
part of the present decade. She was an
illiterate person. unable to read or write,
and with absolutely no ideas outside the
dull routine of her small business and
The San Francisco call., 1899-07-23

daily life, but she developed, quite unas-
sisted, an apparently mediumistic power
which made her for some years one OF
the greatest wonders of the age.
She was woman of ordinary appear
ance, rather small, of dark complexion,
40 years of age, and of somewhat phleg-
matte temperament. A woman neither
brilliant of intellect nor even commonly
educated, she yet managed to utterly con-
fuse and puzzle some Of the most eminent
scientists of our century, such as Lom-
broso, SchiaparelIi, Darieux, Charles
Richet and the Comte de Rochas, and
The San Francisco call., 1899-07-23

This seance was but the beginning Of
a series which led Flammarion gradually
but surely from the foregoing qualified
admission of the existence Of supernor-
NAL powers to not only a firm belief in
the existence and consciousness of the
soul after death, but an equally firm be-
lief in the possibility of the souls return
to the plane of this world and its power
to communicate more or less directly
with still living beings.
In fact, Flammarion became spirit
ualst Of the most advanced and earnest
type, and although he was subjected to
The San Francisco call., 1899-07-23

n ORE than twenty years ago the
Third National Bank Of Chicago
formally closed it's doors and
a receiver was appointed. To-
The San Francisco call., 1899-07-23

WHERE is no scientific problem OF
the century more complex in its ma
ture and more battling TO all at
tempts at solution than that pre-
rnn+ad hv the recent change or at
The Worcester spy. [volume] (Worcester, Mass.) 1898-1904, 1899-03-10
READ THE sign BOARDS.
Warmers Safe Cure the Victo,
Among Modern Medicines.

finger made from coffin na would
of killed in battle
remedy ghosy this paang
he body must
walk to
Back in days
eye indigestion stockva
o
stomach
docored withlocI physicians to avail After
that is remedy that
reoommendr
cheeruly to hosesuf a. l
cramp
o Birdsbo
pain
hardly
taking
for 0
onec case N c..
had of
the medicine world"
is
sealtiy Brghts
indigestion of enemy
regularly and ,
mind that all
Bright The health
The Worcester spy. [volume] (Worcester, Mass.) 1898-1904, 1899-03-10
Local Horsennen May
Have One.
.WOULDCOST 5000
Sale of Fair Grounds Would
Make One Necessary.

President John B. Watson Of the
Worcester Driving Park Company
with whom was left the appointment
of a committee to consider the ques-
ton of new site has chosen the fol-
lowing: William F. Searls, Richard j.
Healey, DIR. E. L. Frost, ]. Henry
Washburn and Edward Moulton.
The selection is as good as could be
made, for the men are as familiar with
existing conditions as any quintet that
could be found in Worcester. Their
judgment is also unimpeachable. The
committee will do nothing until after
the meeting of the Worcester Agricul-
tural Society, today, which is called
for the purpose of considering the offeT
of $685. 900 for the fair grounds. Wheth-
er the Driving Park Company will
await the action of the society and
lease from it in case it secures another
ground, or whether 1t will attempt tc
build track on its own responsibility
will be decided by the committee.
The cost of a new track with grand.
stand, training stables and other ne
| cessities for racing meets, is estimated
at about $65, 600 The company ha.
| 'CNCloi tLOuoe1llu OOlldl 9( III ITO IISet7
| ury is a nucleus, and few question it:
ability to raise sufficient money to war
rant the work if it decides to attemp
| the task. The Hilton farm, on The
| Grafton road, and the Shrewsbury site
which has been spoken of many times
are the favorite ones with the mem
| bers Of the company.
The company has two meets planned
one in July and one in August. If tn,
grounds are not cut up before tina
time, the meets will be held, and it, il
| hoped will be as successful as thost
! held by the company in past years.
The Worcester spy. [volume] (Worcester, Mass.) 1898-1904, 1899-03-10
NO MATCH.
American Handicap
Comes First.
A BIG EVENT.
When It's Over Smell and
Forehand May Get Together.

Neither jay Smell nor Charles E, Fore
hand has made a move TO bring about
100 bird match and the prospects for
an immediate settlement of the dispute
between others as to which is the bes4
shot are not bright. Both are TO enter
the American handicap in Elkwood
park Long Branch, next month. Smell
has sprained his wrist and intends to
nurse it back to normal strength SO
that he can do his best shooting in the
great event in which the stars of the
country compete. He viii not shoot un-
Ill after the handicap
Then, too, there would be considera-
lie trouble getting traps into shape for
the proposed match. A prominent Off
Ger OF one of the gun clubs said yester-
day that there are no traps in the city
lit to shoot over and it would cost sew
eral dollars to get them in order As
Inc season of trap shooting in this city
viii not open for several weeks it
would not pay to get the traps in order
Tor that one match.
Entries for the American handicap
close April 4. and the Worcester men
VINO intend to compete will have to put
up $25 each as an entrance fee The
Interstate association. under whose au-
spices the handicap is held, puts up
$1,000 to be divided into three prizes. $500
TO first gun, $500 to second, and S40O TO
third. The other prizes are sweepstakes
made up from the entrance fees. The
amount Of the prizes depends on the
number of entries. If the number OF
guns among which the entrance
money is divided is small also. If the
entry list is large, more guns are en-
Titled to slice Of the entrance money.
There We're 107 entries last year, and
although Jay Smell shot every bird but
one he received only SCI as his share of
the entrance money. There were nine
men tied for first prize so they divided
the money which the association nut
up. There We're "a men who had missed
only one bird, among them Mr.. Smell,
and there was 9 division of the money
The men who missed two birds didn't
get anything. The gunners are getting
more expert every year. Two years ago
there was not a gun which made a
straight kill, and there have been hand
leaps in which % birds took the trophy.
Mr.. Smell was placed on the 26 yards
mark last year, the scratch being 80
yards from the traps. II he is penal
lied in the coming handicap, ,and placed
yard farther away. it will not worry
him as he would prefer to shoot from u
yards than 26. The extra yard gives the
gunner a better chance on an incoming
bird. On the right or left quarter, there
is not much difference. and on an out
goer the extra yard has little terror for
5 excellent a gun as Mr.. Smell. In the
handicap last year, Mr.. Smell killed ev-
cry bird but an incomer fell dead Just
outside the boundary line, and the gun
ner did not get any more credit than if
the bird was flying yet.
The Worcester spy. [volume] (Worcester, Mass.) 1898-1904, 1899-03-10
"OLD RELIABLE. ="
Jim stafford's Friends Have Little Fear
of Yeager supplantng Him.

Jim stafford's Friends Have Little Fear
of Yeager supplanting Him.
Jim Stafford, the Boston player has
hosts of admirers in Worcester and in
his native town Of Webster they swear
by the "old reliable" as they delighted
in calling him when he squeezed the
sphere In the pitchers box at the
Grove street grounds. All have been
made anxious concerning him recently
by a rumor that Boston would make
a choice between Stafford and Ieager
and Stafford would be let go. There
may be such a choice, but If it is made,
Yeager will be placed on the chutes in
stead of the Webster man, for the lat
ter is a good utility man, and the ac-
QUESTION of Clark does not augur we'll
for Yeager.
Capt. Duffy of the Bostons is trying
to learn left-hand batting and his
| friends give out that he IS coming at
the game. 1t is hard proposition,
and John NJ. Ward in his palmy days
was the only man who did it with
| thorough success.
The Worcester spy. [volume] (Worcester, Mass.) 1898-1904, 1899-03-10
NO SPEEDING.
Footing on Avenue Was Soft and Fast
Ones Were Scarce.

The number of sleighs on the avenue
at any time during yesterday could be
the fast ones out were very few. There
was no attempt at speed the footing
being too soft. Not only that, but the
fast ones are not in condition. The
long lay off since last good sleighing on
the avenue has thrown them out OF
form, and their owners would not risk
sending them down at anything like
their best gait.
The Worcester spy. [volume] (Worcester, Mass.) 1898-1904, 1899-03-10
KEANE's Goou WORK.

William Marsh, the famous profess
sional athlete, received yesterday let
ter from Mace Williams, the we'll
known Splinter, who is now doing
England Williams gave the informa-
ton that Tommy Keane, the former
Suffolk Athletic Club and Boston Ath-
letic Association runner, has won an
other professional handicap in Eng
'land. 1t is the fourth that Keane has
won, the best work that has ever been
done across the big pond by an Amer
lean athlete. Keane is well known in
Worcester. A few years ago he trained
The Worcester spy. [volume] (Worcester, Mass.) 1898-1904, 1899-03-10
WORK TO BEGIN.
Old Wachuse:t House to Be RemodelIed
for New Proprietors.

Commodore J. G. Vaudreul has not
yet completed negotiations with James
Winchester for the sale of his stock i'm
the Lake Quinsigamond Steamboat
Company, and the deal is liable to fan
through, as Mr.. Winchester has sold
his residence in Shrewsbury to Bos-
ton millionaire, who desires to retain
Mr.. Winchester as superintendent of
the ground. Mr.. Winchester has the
offer under consideration, and is not
sure but he will accept
In case Commodore Vaudrcuil fails
to sell his stock, the steamboat COM
pany viii be managed as it was last
season by Irving e. Bigelow, who, with
the genial commodore, owns the entire
stock of the company. The work OF
remodeling the old Wachusett house to
suit the demands Of the new lessees,
Commodore Naudreuil and T. c.. Orn-
dorff, will begin today The south side
Of the house viii be cut away in order
to make an opening for the steam
launches Of the proprietors. The work
must be done before the ice breaks, as
it will be far more easy to work on the
ice. Commodore VaudreuiI expects to
have his launch sailing around the
lake the first day there is open water
The Worcester spy. [volume] (Worcester, Mass.) 1898-1904, 1899-03-10
ACADEMY TRIALS.
Kingsley to Try for the Relay Team
Against High School.

Worcester Academy sprinters will COM
pete in trials at the academy track today
to determine who win race on the relay
team against Worcester high school at
the interscholastic games in Boston Sat
urday, March Is. According to the rules
of the association, the honor Of racing in
the principal team race goes to the two
schools that head the list of interscholas-
tic schools competing at the annual meet
ing of the year previous. Worcester
Academy and Worcester high led for hon
ors last year and will run relay teams.
The makeup Of the teams is not subject
to the rules which govern the association
competitions. In the championship events
a student who has passed the age lin1ita-
ton cannot compete There is no such
rule governing the competitors in the re-
lay race. Academy can thus run Kings
ley, who is not eligible for the champion.
ships. The men who will try for posi-
tons on the academy relay team are;
Duffy, Scheuber. Gallup. Kingsley, Wells
McDermott and Abercrombie Trainer w
f. Donovan will hold the watch on the
men, and those doing the fastest time will
make up the team. The distance of the
relays in Boston is $50 yards
The Worcester spy. [volume] (Worcester, Mass.) 1898-1904, 1899-03-10
ASSOCIATION ATHLETES,

Chairman W. x. Stanley of the enter
tainment committee has arranged for an
athletic tournament and exhibition which
is to be held I'm the gymnasium next Tues
day evening, the proceeds of which will go
tc assist the committee I'm their work Of
furnishing entertainment during the win
ter months, The feature of the entertain
ment will be basket ball game between
teams representing classes Of 1900 and 1901
Of the high schools who are members OF
the gymnasium.
The athletic features of the entertain
ment will be under the direction of the
physical director, f. W. Wilder and will
consist of dumb bell drills by the Junior
members, slack wire exhibitions by w. B.
the gymnasium, a sample physical exam
nation by Prof. Wilder and an exhibition
drill and bayonet exercise by the Pilgrim
Cadets.
The Worcester spy. [volume] (Worcester, Mass.) 1898-1904, 1899-03-10
A DOLL THAT TEACHES HISTORY.
1t Can Stand Alone, Too, and 1t Will Be
Printed in Beautiful COlOrS In Next
Sundays ul0bc

Boston, March "a beautiful paper doll
will be printed in coors in next Sunday $
Globe, II may be cut out easily and will
stand alone without the use Of paste. The
idea is entirely new, and the Sunday
Globe intends to run a series OF these
dolls beginning next Sunday.
For the purpose OF making them in
structiVe as well as amusing the dolls will
represent the famous people of history,
and the life story of each of these great
characters will be told on the doll itself
in simple words, so that the youngest
school boy or girl may read, understand
and remember 1t. Next Sunday Josephine,
empress of the French, will be represent
ed. and every family should order the
SUNDAY Globe AT once of henearest news
dealer, Ia 4"uH jli tla complete set may
be Collected and preserved.
The Worcester spy. [volume] (Worcester, Mass.) 1898-1904, 1899-03-10
VALE, SOCKALEXIS.
Went Up Like Rocket and the Stick Has
Come Down in Youngstown, Pa.

Went Up Like Rocket and the Stick Has
Come Down in Youngstown, Pa.
The once great find Of Holy Cross,
Louis sockalexis, seems to have run his
race. Sockalexis is the only bona fide
Indian ball player who ever did FEEDING
stunts in the major league. Oliver Te-
beau, manager Of the Clevelands, who
is at Hot Springs with bunch Of white
Indians who are to represent st. Louis
this season, gives it out on the quiet
that be has given up all hope of getting
Sock into line The Indian went to
Cleveland after startling the college
base ball world by his playing at Holy
Cross. He gave great promise as a hit
ter and throWer.
He was a fleet as the wind on the
| bases, but was too cratic in the field
and as a heady base runner to amount
to much. Tebeau did his best, and that
is as good as anybody's, to bring out
Socks " innate ability, but to no avail.
Last year he farmed the Indian out to
Youngstown in the Interstate League,
and that town may be large enough TO
hold the descendant of the Penobscot
tribe from Oldtown the coming cam
paign.
The Worcester spy. [volume] (Worcester, Mass.) 1898-1904, 1899-03-10
VERNON BICYCLE CLUB.

The Vernon Bicycle club held its an
nual election Of officers Hast evening
with the following result; President,
Thomas f. Raymond; vice president,
James Keane; recording secretary,
John Mahan; financial secretary John
Pollard treasurer William f. Dean
captain, F. s. RUSSELL first lieutenant,
Frank Benoit; second lieutenant, Har-
ry Mitchell; color bearer, e. Seymour
executive commitvee, President Ray
mond, Recording Secretary Mahan and
Treasurer Dean eXlofilclos. John f..
Gallagher B.-J. Gray; managing COM
mittee. Vice President Keane, ex-of-
ficio. John Kinniery and Frank j. Ken
ney; racing board, Captain Russell,
James j. Casey. E. F. Cross, A. r..
Smith f. F.. Reynolds and Emil Lee
clair.