davidaulloa/AmericanStories huggingface dataset:
The colored American., 1900-05-26

race. Every house built by black men Is
strong tower against the allied hosts OF
prejudice. 1t is impossible for us to attach
too much Importance to this aspect Of the
subject. Without industrial development
there can be no wealth; without wealth
there can be no leisure; without leisure, no
opportunity for thoughtful reflection and
the cultivation of the higher arts
L would set no limitations on the attain-
ments of the negro in arts, letters or states
manship, but, my friends, the surest and
Speedlest way to reach these ends Is by
laying the foundation in the little things Of
life that are Immediately a our door The
man who has never learned how to make
money to pay his own debts is not the one
10 De 1ntrusted with the duty Of making
laws to pay the national debt
How to Create n Business. for One,.
Self.
L have read recently an account of a
young colored man in the District of Co.
lumbia who graduated from college and
then from school of technology. and then
What! He did not go about seeking for
position which other brains and other
hands had created. but used his knowledge
or the sciences and mathematics in Great
ing a bootblack establishment where he
Gnanu1actures his own backing and polish
Slartins with one chair, he now has q
dozen' starting with one place of business
ne now has several. What matters It to
tnls man whether republicans democrats
OF popullsts are in power in Washington?
He knows that he has a business that
gives him independence and with fts ex
panslon and growth will come wealth and
leisure and the highest educational oppor-
tunitles for his children. Oh, for a thou
SAND men with the force of character and
common sense to begin on such a founda-
ton! 1ooiua-
1t is not alone the mere matter of tbe
negro learning this or that trade for which
l plead, but through the trade, the indrs-
try' out from the trade or industry T want
10 see eVoived the full-fedged, unhampered
unILetlered nI man. L plead for industrial de-
tr,elopnent, not because 1 want to cr-,nn
T iiie negro out because I want to free him
l l Wane 10 see him enter the great and ALL
pg@ertuI business and commercial world
by the SIDE OF every church 7 want +o
Sa zee tne factory Surrounding every school
rouse tLo Sc, l want to see hundred farms. Rv
.a .ne sue OF your certificate of church mem.
hna1 met sup 1 want to see you place the bank
t pOoh. II you give promise to carry a
@ .olcn IN the political parade, secure
~ ~ olnise tnat you will be permitted To
@ naIcn In the labor parade with dinner
9uchel IN hand the next morning and every
lay in the year.
II is far from my purpose to advocate a
mere Ls theory Most that I have sought in
ms ms audress TO emphasize have tried to
i've by and practice ~
The Magnificent Work at Tuskepea
Ii Tor brief moment you will excuse me
[or the seeming egotism I will tell Won
what set of devoted colored men and wo-
The colored American., 1900-05-26
WASHINGTON At his BEST.

The Tusksges Wizard Tenaered an Ovation by
the Intellect and Culture of the Nations
apital-More Clearly Than Ever, He
Enunciates the Principles Upon Which the
Negro Must Build a Successful Future
Inter Racial Co operation and Proportion
Training of Head and Hand the Essentials
The colored American., 1900-05-26

Pe-ru-na Drug Mfg Co., Columbus, o.:
"Gentlemen-I have used Pe-rana for
short time and can cheerfully recon-.
mend it as being all you represent and
wish every man who Is suffering with
catarrh could know Of its great value.
Should I at any future time have oooa-
sion to recommend treatment of your
kind, rest assured that yours will be the
one. James Lewis"
Wherever the catarrh Is, there is sure
to be waste of mucus. The mucus is
as precious as blood. It's blood, in fact.
1t is blood plasma-blood with the cor
2uscles removed. To stop this waste,
you must stop this eatarrh. A course Of
treatment with Pe-ru-na never fails to
DO this.
Send for free catarrh book. Address
The Pe-ru-na Drug Manufacturing Co.
Colum bus, O.
The colored American., 1900-05-26
The Evil of Superficial Show.

If we are poor, let us be poor and not
attempt in our poverty to initiate the rich
and thus hold ourselves up to the ridicule
lof the world.
There is no more sad sight in christendom
han to see a young colored man who is
minus a bank account, minus foot Of real
estate. minus home for himself or par
nts. minus the saving habit. spending all
1e earns ard too often, more than he earns
IN the mere vain attempt to deceive the
world by superficial show. But the worlt
mas way of not being deceived, and in
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1900-02-15
CHARACTER OF TRADING.

There a fair amount of commission house
buying in the early dealings In yesterdays mar
ket. and. while in the afternoon speculation be-
dull and price reactions took place. final
losses when made were, rule, small fractions
Further selling Of United States Rubber appeared
to be based on false reports regarding the earn
ngs OF the company and renewed liquidation In
Third Avenue represented realizing and sales due
the reduction OF the dividend per cent quar-
terly The two stocks named were the only i'm
portant weak features American Tobacco was
bought in large amounts by two representative
houses and Peoples Gas again in demand
Standard OIL brokers bought. Flower & Co. were
active and all the leading houses were busy in the
first two hours. Tennessee Coal was a strong
feature; also Manhattan. The railroad shares were
generally firm In the bond department heaVy
buying of the Mexican Central incomes, Colorado
Midland 2-4s. Kansas City. Pittsburg and Gulf lst
receipts, Toledo, St. Louis and Kansas City LIST
receipts and Wabash debenture BIS was noted.
Trading In Pennsylvania stock Stature in
the early dealings. local and Philadelphia houses
being heavy buyers Much of the selling in the
general list came from houses with Chicago con-
nections.
Some of the buyers and sellers we're: c. l. Hudson
& Co q COO Wassermann Brothers 1000. Bell &
Co. q 600. Cooper & Co. and f. w. Savin q CO.
bought American Tobacco; c. Minzesheimer & Co.
q 600, Hopkins Brothers and Ulman Brothers SOLD
c. NJ. Schott, tr., and Kendall & Whitlock bought
Leather common; Jurgensen and Strong, Stursls
Il Co sold. w. D. Hatch sold Rubber common.
Iadenburg. Thalmann & Co. q 900. Louis Wormser
and F. NJ Lockwood & Co O,OC0). bought Amerl-
can Tobacco; F. w. Savin & Co. $1,000 and Elhhg-
wood & Cunningham 1000 sold E t. Bogart
q 500 sold Union Pacific common W. d. Hatch
offered Rubber common down. H. Clews & co:
sold Third Avenue Dominick & Dominck and
Bell & Co. bought American Tobacco; -Halsted "
Hodges j. d. Smith and Domnick x DomnlcK
q 600 sold Halle & Stie0litz bought 5000 Missouri
Pacific in all and 800 Manhattan. Halle & StieGlitz
bought 800 Tennessee Coal and Iron. |. & S.
Wornser (25OO bought Brooklyn Rapid Transit.
A J. Wormser 1000 and I. Spiegelberg bought
American Tobacco; l.. l. Benedict 1000, S. A
Walsh and traders sold. r. II. Bissell & Co. Q,50O
bought Sugar Refining; s. Schuyler 2000 sold. g.
NJ Carnochan & Co bought Continental Tobacco;
l. Levy & Co. 7. F. Mead & Co. G. NJ. Carnochan
& Co. A de Cordova & Co and f. W. Savin q
Co. and J. N. Leopold & Co. sold.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1900-02-15
AMERICAN LINSEED DIVIDEND.

The American Linseed Company declared quar-
terly dividend of ia per cent It's preferred stock
at the meeting OF the directors. held yesterday.
The company has paid for the year the full
per 10 which the preferred stock is entitled
and 1t Is understood that at the annual meeting,
which Will be held in a few weeks. a surplus of
81 600 900 will be shown after all payments
The policy OF the company has been conservative
that dividend distribution on the common stock
is not expected just now, but the chances favor
one before the end of the company's new year
The company is lightly capitalized and sOundy
managed. Although directors in favor
Of paying dividend the common other drec-
tors do not favor this policy, believing 1t be to
the best interests of the company make the
addition Of surplus to its working capital, thereby
insurng dividends on the preferred for some years
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1900-02-15
WALL STREET AND EXCHANGES.

OUTSIDE SECURITIES MARKET - Market
closed quiet and firm Standard Oil closed al 54005t2
against 540d542 on Tuesday. Last prices on other
prominent issues were: Havana Commercial 1918;
preferred, 5sGD60; Baking Powder, 93d95; Bay State
Gas. 17sd2; Pump. 1918 preferred 65G6s; Markeen
Copper 5%Q6&; Amalgamated Copper. s4l9G95: Am
sterdam Gas, 3lA; preferred, AN Rubber Goods
31l4 preferred. s2laGS31I; Distng Of America
64Q7 preferred 241aG247s; Sloss- Sheffield 3O4ds11
preferred, 71Q72; Storage Power. 13d15; General
Carriage 5A@5%.
BURLINGTON'S DIVIDEND. - The Chicago
Burlington and Quincy Railroad Company has de-
clared its regular quarterly dividend of l6 per cent
payable March Is.
FOREIGN TRADING.-Operations for the foreign
account amounted to about ten thousand shares
with more purchases than sales.
CONTINENTAL TOBACCO BONDS-It IS report
ed that the Continental Tobacco Company in case
II the 100000 per cent preferred stock OF
the P. Loriard Company, proposed in a circular
recently issued by Barring. Magoun g. Co. will paw
for the by issuing 81 10000 per cent deben-
ture bonds This ls the basis for the various rumors
of bond issue by the company which were heard
In the Stock Exchange yesterday.
PENNSYLVANIA AND CHESAPEAKE AND
OHIO-A Philadelphia report quotes officer of
the Pennsylvania Railroad saying that all the
influence that the company may have in the man.
agement of the Chesapeake and Ohio will be ex-
erted for the benefit OF the shareholders IL is an
nounced that First Vice President Charles Pugh
will be elected director OF the Chesapeake and
Ohio Railroad Company.
DIVIDENDS DECLARED.-The American Coal
Company has declared a sem-annual dividend of 4
per cent and extra dividend OF per cent paya-
bic March l. The Union Pacific Railroad Company
has declared dividend OF 81 a share on the pre-
ferred stock and OF 81 so the common stock
payable April g.
UNITED RAILWAYS COMPANY.-The subscrip-
ton books for s23 OOO 600 United Railways Company
OF st. Louis first general mortgage per cent gold
bonds were opened by Brown Brothers d Co. OF
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1900-02-15

THE DAYS OPERATIONS IN STOCKS.

The stock market was strong and moderately
active in the early dealings. but small net losses
were shown in the majority Of issues at the
close. Substantial market interests bought and
commission houses reported considerable in
crease in business as compared with Tuesdays
transactions. Heavy realizing however, pre-
vented important gains. although the new de-
mand was for a time than enough to offset
the selling, The downward movement in stocks,
which some of the wise men of the Street
have been predicting for month does not seem
to be in sight Many incidents that might ordi-
narfly cause a big reaction in values have been
in evidence in the last few weeks, but stocks
have refused to go down. and short sales have
not proved profitable. This is a reflection of the
character Of the current ownership of stocks.
People who own stocks at present are not likely
TO he disturbed by passing adverse develop
ments. The average holder Of stocks at present
recognizes the value of the conditions which de-
teImine the actual worth of securities, and in
consequence he finds every encouragement for
maintaining firm grip on his investments.
Money market ease will not run on forever
but for the next few weeks easy rates are as
sured. And the passage of the pending currency
measure in Congress may insure easy rates for
several months. Important financial interests
taking advantage of the present easy money
market TO carry through certain deals in which
they have been interested for long time, while
others are accommodating stocks for the
speculative profits which are certain to ma
terialize before money rates advance. Easy
money makes stocks look particularly cheap at
the ruling level. This is especially true in the
low priced securities. which have got many
points to advance before they sell at the level
that will measure their real value. There are
industrial stocks and railroad stocks which are
selling al ridiculous prices in view of their
earning power ard future dividend possibilities.
Industrial stocks not all bad some peo-
pie evidently suppose, and if discrimination is
exercised In their purchase the buyer is not
likely TO find that his money has been wasted.
The cheaper stocks will sell higher If their
market quotations are to represent their intrin-
sic value. Stocks such as the cheap priced
steel issues Norfolk and Western, Ontario and
Western, and the Mexican Railroad stocks are
destined for better prices. Regarding the last
named issues, il is interesting to note that
heavy buying Of the bonds has been in progress
for some time, and that both the Mexican Ma
tional and Mexican Central stocks being
picked up by a careful class of buyers. Mexico
like the United States is growing in industrial
prosperity and when the republic is placed
upon a gold basis-as il most certainly will be
some day-the Mexican Railroad securities will
take rank with high class investments of the
country. The market dull and irregular in
the afternoon, and closed somewhat unsettled
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1900-02-15
CLEVELAND, LORAIN AND WHEELING
CONTROL.

1t Is announced trustworthy authority that the
Federal Steel Company now controls the Cleveland
Iorain and Wheeling Railway Company. The FED
eral Steel Company owns, in addition to other
works important steel plants at Lorain and as It's
lake steamship line makes connections with the
Cleveland Lorain and Wheeling both at Ioratn and
Cleveland the benefit to the Federal Steel Company
OF the control of the road named will be apparent
The I.orain line will prove important factor In
the Federal Steel Companys transportation or the
products of Its mines and works. And the heneht
to the Cleveland. Lorain and Wheeling Railway is
obvious. The Cleveland, Lorain and wheeling mas
a particularly bright future owing 10 the improve
ment IN the soft coal trade and to the sound man
ner which the affairs of the road have been con-
Quoted It's earnings for the first week In February
Increased s5913 over the same time year ago. and
from July $256 1876 which, considering the mileage.
Is an exceptionally good showing. Six per cent is
being earned preferred stock and it's current
quotation OF So appears far below the actual worth
of the stock. The preferred stock amounts 10 only
s. 900 600 and the common to IS 100000 There was
quiet demand for the preferred in Yesterdays mar
ket, the price advancing one point to 81. against
6214 price which it put out several years
ago. when 1t was intrinsicaly less valuable than
1t is present
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1900-02-15
AMERICAN STEEL HOOP.

In view Of the earning power Of the American
Steel Hoop Company. the accumulation OF its Sc
curities by a good class of buyers is not surprising
The common stock amounts to only S190O0O COO the
preferred to $4,000.000. and there are no bonds
Upon the preferred dividends at the rate of per
cent year being paid. while the surplus for
the common stock will amount for the year TO a
figure The fact that for eight months 10
December 81 the company showed net earnings Of
81 900 is likely to prove strong argument in
favor of the common and preference issues At
tenton is called to these issues owing to the
steady accumulation by a good class of BUYERS
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1900-02-15
THE DAYS OPERATIONS IN BONDS.
GOVERNMENT BONDs.-Market firm Final
quotations follow:

RAILROAD AND OTHER BONDS.-Market il
regular Total sales amounted in par value to & =
III, 500, against S2,277,00O Tuesday. The heaviest
dealings were in the Atchison and Baltimore and
Ohio issues, Baltimore and Ohio Southwestern Dr.
vision 312s, Central Pacific 315s and As Chesapeake
and Ohio 4l5s. Chicago, Rock Island and Pacific As
Colorado Coal and Iron 6s, Colorado Midland LIST
2-4s, Kansas City. Pittsburg and Gulf certificates,
Mexican Central LIST and % incomes, Norfolk and
Western As Northern Pacific As, Reading general
As, ST. Louis and Iron Mountain 5s St Louis South
western 2ds Southern Pacific Is, Southern Railway
LIST Dc, Toledo, ST. Louis and Kansas City certif-
Gates, Union Pacific IS and Wabash debenture BIS.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1900-02-15

MUM Boston-loa15c discount. chieago-aoc
discount St Louis-75c discount Savannah
Buying, par; selling 81 per 1900.
bANh CLEARINGS - New-York - Exchanges.
sA4'I'''2S; balances. selss4O Baltimore-Ex-
changes, S6s,7is; balances $5s6477. Boston-Ex-
changes s22.5S65i4 balances S42s.sSs Philadelphia
Exchanges, Ns,250os5 balances, s1.7Ss'7S0 Chi
cago-Exchanges, $27G4sIs; balances, 2,%11n.
rohElGN MONEY MARKET-Call money in
London, 2leQ3 per cent Open market discount
rate Tor short bills. ga per cent. and for long bills.
9AaSs per cent. Berlin discount rate. 3% per cent
Berlin exchange London 20 marks 5l1s pfen-
nigs; Paris exchange on London 25 francs Fl CEN
times Paris discount rate, ga per cent.
FOREIGN SECURITIES.-Briis consos for
money lOOS; for the account 100&; French rentes,
100 francs STA centimes. Spanish As, 67Ss.
THE SILVER MARKET.-Bar silver. $3.50. Mex
II e-lsd.
GOLD PREMIUM.-In Madrid. 29l2; Lisbon. AZ;
Buenos Ayres, 1870; Rome, 100
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1900-02-15

1t is reported that the Tennessee Coal and Iron
Company will refund its outstanding bonds on a
lower interest basis that the preferred stock will
be retired and the common placed at an 8 per
cent rate. II is said that the company will show
earnings for the year equal to 10 per cent the
common stock of $40 600 600 Five per OF earn
lngs would enable the company to retire the pre-
ferred stock which only amounts to 81 900 Oo0 while
further dividend of per cent the common
stock would leave a surplus equal 10 per cent to
carry forward. Activity was displayed in the stock
and heavy purchases made this basis
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1900-02-15
SECURITIES LISTED.

The following securities have been added to the
Stock Exchange list: Hs3.OOO first mortgage per
cent guaranteed gold coupon bonds OF 1927. making
total listed S9625 900. of the Oregon and California
Railroad Company; 81 $4,000 additional general
consolidated railway and land grant per cent
gold coupon bonds of 1884, making total listed
S35 600 of the 81. Louis Iron Mountain and
Southern Railway Company. and S11.26i,0OO Pitts
burg Junction and Middle Division first mortgage
S1s per gold coupon bonds of 1875. OF the Balt
more and Ohio Railroad Company.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1900-02-15
PENNSYLVANIA STOCK.

Heavy buying of Pennsylvania Railroad stock by
prominent local and Philadelphia banking interests
a feature in yesterdays market. Part of the
buying for the account of Pennsylvania Rail-
road interests. There were no known developments
affecting the stock. but II said that the buying
was based on the advance In bltumlnous coal and
expectations OF an increase in the company's div-
dend rate
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1900-02-15
AMERICAN SECURITIES ABROAD.

London, Feb. L. p. m.-American securities
after firm opening. were quiet with a declining
tendency. Later there reaction with re-
covery in prices and the market closed firm. The
demand was moderate. Last prices were Cana
Clan Pacific, l0l% Erie, 1915: Erie first preferred
SsA; Illinois Central, 1854: Union Pacific preferred
1SS.. 81. Paul. 1878: NewYork Central 1887; Penn
sylvanis. 60; Reading s5s: Northern Pacific pre-
terree. 76a&; Atchson, 2l% Louisville and Nash
Vile, S5S.; Grand Trunk. s1s. and Anaconda 81
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1900-02-15
MONEY AND EYCHANGE.

MONEY RATES.-Woney CALL 2a21k per cent
Time money. 4G414 per cent for sixty days 4g4Ik
ger cent for three four and months on railroad
collateral Commercial paper, per cent for three
months zQ415 per cent for four months and per
can't for six months for the best names and above
fer names not well known.
FOREIGN EXCHANGE.-Market steady. Actual
closing rates follow:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1900-02-15

DOMESTIC EXCHANGE.-New-O Orleans - Conn
nercial, 81 discount: bank, 81 premium. San Fran
cisco-Sght, l5c; telegraph. 17ikc. Cincinnati-Re
tween banks. loc premium; the counter 30
premium charleston-Buying. par: ceiling NC pr.-
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1900-02-15

New-York, Philadelphia and Boston, yesterday
morning and closed later In the day
CLEARING HOUSE MEET1NG.-The Clearing
House Committee met yesterday. but transacted
only routine business 1t said
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1900-02-15
COLORADO SPRINGS sToCKs

Closing quotations on the Colorado Spring. Nh,
ing stock Exchange. furnished by William p so,-
bright & Co. Of Colorado Springs.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1900-02-15
STOCK MARKET IRREGULAR
DEMAND FOR GOOD BONDS.
EXPECTATIONS OF HIGHER PRICES
HEAVY RAILROAD EARNINGS

Closing prices yesterday Of the principal active
securities and net changes from Tuesdays last
prices were:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1900-02-15
THE FEDERAL TREASURY.
The daily Washington Treasury statement, COW
erng actual results Of two days ago compared with
the last preceding statement. Is as follows:

Actl cash bal $3.50 O22 s2a3 5s7 Inc. s53S565
GOVERNMENT RECEIPTS-Cu receipts
reported from Washington. ss69.444: internal reve-
nue. receipts $40 So mscella receipts 81 1856
Total receipts for the day sl,6714l1; expenditures.
s.. 725.OoO Receipts for the month to date go
91s POP: expenditures S1S $4,000: excess of receipts
g. 39 212. Receipts for the fiscal year date SS53-
S6l; expenditures 1921 1885, OF receipts
$50 2S1 1872 Receipts of National bank notes for re-
demption. S237.5s5
SUB-TREASURY.-The Sub-Treasury was a
debtor TO the Clearing House yesterday sS49Sg4
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1900-02-15

Bankers posted rates were:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1900-02-15
CHICAGO STOCKS.

FURNISHED by Walker Brothers No. Il Broadway
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1900-02-15
BONDS AND BANK STOCKS.

10000 Z As Cou 1925 S4A 1900 Mex Cent 1st Inc 2es
5000 Tenn 3s. % 1900 do ............. 2GS.
10000 Va Fund Debt. SO 24O00 do ............ 2e1
1000 Adams .1Ofi3 2oOO0 do ........... 26Ia
A a do Inr
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1900-02-15

NATIONAL. BISCUIT COMPANY.
The general balance sheet OF the Natlonal DE
cult Company as OF Jsnuery 81 shows;
,o,o 1904 Changes