davidaulloa/AmericanStories huggingface dataset:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1900-10-25
PRICES OF RAILWAY SHARES.

Stock market operations have been averaging
half million shares daily, the feeling of
confidence i'll President McKinleys reelection
grows stronger. But there is some lack Of dis
elimination in the purchasing, both good and
bad stocks sharing the activity. If traders were
10 realize the exact position of the market there
would be less promiscuouS buying. Some stocks
paying or 5 per cent are almost as costly
as Government bonds, and there is no GER
tainty of any further advance. On the other
hand. there are numerous low priced stocks
firmly established on a dividend paying basis
which may be expected to reach quotations
much higher.
1t is always possible to discount even the
most favorable news. and traders should not
forget that conditions are not the same as they
were four years ago. Even in 1896 there was
a reaction within month after the ballots were
counted, and the country then starting on
three years of steady expansion in all branches
of trade. Everything is different now, and it
is unreasonable TO anticipate that railroad
securities are going to appreciate an average
Of S35 Al a share, as occurred during the
three years following Mr.. Bryan's speech here
in August, 1896. A little study of recent his
tory may help to remind the Wall Street con-
tingent how great have been the changes in
prices of stocks during the last four years.
Sixty active railway shares averaged $40 81
on August S. 1896, the Saturday before Mr.
Bryan reached New-York This was the low
est point in the last twenty years Within 4
week there was an advance TO S43 o. and there
followed steady gain until just before Flee
ton Day, the average was slightly higher than
at the close Of 1S93-S47 10 A further gain Of
81 share followed promptly and them came
the usual profit taking and reaction, accelerated
by the meeting of Congress and urgent de-
mands for action regarding Cuba Business
conditions steadily improved during 1897. and
by midsummer $50 was the average pr.ice while
the year closed strong at $50 45. Further I'D
vances took the average up to $50 % In Febru-
airy, 1898, just before the Maine was sunk at
Havana. and as war became Imminent rho
market fell TO $50 90 in April From that time
until the end of the year the advance was nj
most uninterrupted. and the closing syera ge
was SGT o..
The boom continued until S75 was exceeded
In April 1899, but the death Of Mr. Flower con-
tributed 10 bring about a reaction Of 81 u
share. Other leaders soon came forward and
on September $76 20 was reached the highest
average since April 13, 1888 Little variation
occurred until December. when heavy liouida-
ton and tight money brought decline TO
$3.50 Y. Ranging near $40 during the early
months Of the present year moderate strength
appeared in April. and on the 18th s75 "a was
quoted. The low point of SOS 65 was on Sep
TENDER a. One month has brought an adj
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1900-10-25
Ietu91ork Dailp Gribrr,re.
THURSDAY, OCTOBER %, 1900.
TIE NEWS THIS MORNING.

FOREIGE.-Emperor William in a speech at
Barmen, referred to the Anglo-German agree
nlent as a fresh proof Of his desire for peace.
- The rebels in Southern China are actively
recruiting, and number ten thousand men.
- Secretary Chamberlain in a speech be-
fore the Fishmongers Company, in London,
dwelt at length on the imperial aspirations of
the British nation. - American Jockeys con-
tinued their series of remarkable victories at
Newmarket, England; the horses Of John A.
Drake, Of Chicago, were sold at Newmarket, Mr..
Drake retiring from the English turf because OF
the criticisms Of American racing methods by
Lord Durham. 80 W. p. Schreiner, former
Premier Of Cape Colony. has resigned from the
Cape Parliament. owing to the hostility Of the
extremists among the Afrskanders; enthusi-
sstic welcome was accorded General Butler when
he reached Cape Town. The departure of
the Constitutional Convention delegates from
Santiago for Havana was made the occasion
for a striking demonstration by the populace.
DOMESTIC.-Governor Roosevelt spoke in
three counties yesterday. bringing up at Utica,
where, in company with Senator Depew and
James II. Eckels, ex-ControIler of the Currency,
he addressed a monster mass meeting and
viewed big parade. - Secretary Root dis
cussed the issues Of the campaign In an ex-
tended address at Canton, Ohio, where he is Wis
iting the President. - Mr.. Bryan campaigned
in Maryland's eastern shore and in Delaware, at
" Wilmington answering questions in regard TO
his policy if elected President. - Funeral
services for John Sherman were held in Wash
ington, and the BODY was taken TO Mansfield,
Ohio. for burial. 80 President Mitchell, after
conference in Hazleton, announced that he
position of the United Mine Workers; ii is be-
neved that he will order the coal strike off.
DR.. II. s. Pritchett was inaugurated as
president of the Massachusetts School Of Tech
nology.
CITY.-Stocks were strong and active. -
Winners at the Empire City tracks Chuctanun-
da, Intrusive, Trumpet, Dread, The Pride Of
Dundee, McAddie. - Alvords plan whereby
h stole 100000 from the First National Bank
was revealed, but no trace of the fugitive was
found. - sentry at Sandy Hook killed
civilian who did not halt when challenged -
man seized another passenger by the throat
IN q Broadway car and accused him OF swind-
ling him out Of So 100 at faro. - 7. De Witt
Talmage and Professor Langley Of the Smith
sonian Institution returned from Europe on the
Oceanic - A top inventor from Rochester a
father and his son, a railroad and two little
children were all reported missing. - The
engagement OF more gold for import was an
nounced - A man arrested the
charge Of collecting money for the Republican
National Campaign Committee and keeping it.
THE WEATHER.-Forecas for to-day: Fair
and cooler. The temperature yesterday: High
est, 90 degrees; lowest, Ga; average, 6S1s
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1900-10-25
FOES OF SOUND CURRENCY.

An important subject for the Reform Club
Of this city to consider is presented in the pub
iished letter Of Mr.. Isaac n. Seligman TO Mr..
Charles S. Fairchild. Mr.. Seligman is not
member of the club. But he is a close enough
friend to be called upon by it TO contribute
to its funds, and has hitherto been such
a contributor He has been asked again to
aid the Sound Currency Committee of the
club in it's political work. but he declines posi-
lively so to do He is in entire harmony with
the aims of the club and its committee But
he objects to the presence on that committee Of
some fragrant foes of sound money, among
whom he specifies Nj. John De Witt Warner
and Mr.. Edward NJ. Shepard, and he refuses to
make any further contribution to the funds of
the club or of that committee until those gentle
men vacate their present places.
In that Mr. SeIigman certainly seems to be
acting consistently and logically. The commit
tee in question is supposed to be devoted to the
cause of sound currency-that is, the gold stand
ard. The funds it solcits from the public are
to be used for the promotion of that cause.
Obviously it is incumbent that every member
of that committee shall be a consistent and
steadfast supporter Of sound money. 1t Is in
congruous in the hi lest degree that there
should be any free silver men among them.
Yet, according to Mr.. Seligman's letter, there
are at least two conspicuous and aggressive
Bryanites on that committee, men who are do
ing their utmost to bring about the free coinage
Of silver at 10 to 1, and thus 10 defeat the very
object for which the committee is supposed to
be working. It will not answer to say that
these gentlemen were sound money men four
years ago. That only aggravates their present
apostasy. The fact is that they are now work
ing, tooth and nail, for the election of Mr..
Bryan, who declares himself to be engaged in
war Of determination against the gold stand
ard and who warns friends of the gold standard
not to vote for him, because if he is elected
that standard will be abolished just as soon
as he is able to abolish it.
It is extraordinary that these eminent Bryan
ties should remain OH a committee that is work
ing directly against their candidates paramount
issue. 1t is extraordinary that the Reform
Club should expose itself to suspicion and re-
proach by retaining them on that committee.
But so long as so extraordinary a state of af-
fairs exists it is not possible to blame Mr. Selig
man for the attitude he has taken toward IL.
We have no doubt that Mr.. Fairchild and
others of the committee are doing excellent
work for sound money, and we should like to
see them supported in that work generously.
But the continued presence among them of foes
of their own cause must inevitably handicap
and compromise them before the public
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1900-10-25
STANDARDS or HEN AND DOLLARS.


Ia the course of his speeches up the State,
which have stamped deeper and deeper, if posi-
bic. upon his brow the sign of the professional
agitatOr and the demagogue, Mr.. Bryan has
been making use over and over again, of that
catch phrase of his about the man and the
dollar. He puts it that the Republicans wish
10 place the dollar before the man. but that
the Democrats place the man before the dollar
Some one has rather aptly replied that the re-
suit Of Republican policies has been to bring
about a conjunction between the man and the
dollar, so that the dollar, being in his pocket,
accompanies the man; but Mr.. Bryan has kept
the phrase IN regular use, and it becomes of
some interest 70 inquire just what kind of a
man and what kind of a dollar he is talking
about. The character Of the man and the char
acter OF the dollar are certainly of as much
moment as their relation. IT, for instance. it
should appear on examination that Mr. BRYAN
planned to cheaper the man as well as cheapcn
the dollar. it wsdld be quite as important
consideration as the relationship of the man
and the dollar.
Now, in spite Of the fact that we are not sup
porting Mr. Bryan in his canvass for the Pres-
dency, We still prefer the man TO the dollar;
therefore, let us consider the man first Is it not
possible that Mr.. Bryan intends to cheaper his
these up State speeches il has certainly seemed
SO. When you tell man, over and over again
until he believes ii, that he is downtrodden you
cheaper him. Maybe you don't mean TO, but
you DO. 1t is one Of the processes by which
men become submerged. a helping hand n
cheering word, word of sympathy and advice
these give strength 70 The arm and courage
TO the heart; but such talk as Mr.. Bryans is
Of q different sort. The man who IS led TO be-
leve that he is the victim Of hopeless oppres-
sion begins TO give up. The man who teaches
him, as Mr.. Bryan does, that he is such a
victim helps him to give up. If the trusts" are
10 control everything, and the common peo-
pie" are TO have no chance. why try for
ehance3 Why not give up? It is so easy TO
give up.
About the cheapening of the dollar of course
there is no question. Mr.. Bryan is for fl. be-
cause he thinks that dollar based upon the
gold standard must bring about more misery
for the human race than wars or pestilence or
famine So 1t appears that It is a cheap man
ead 4 cheap dollar that Mr. Bryan Is 80 anxious
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1900-10-25
AMERICAN MISSIONARY ASSOCIATION


The 1fty-fourth annual meeting of the Ameri-
this week at Springfield. Mass, brings once
more to particular attention the questions of
negro education which that association has
taken such leading part in solving, so far as
they have been solved at all. Its missionary
work is by no means confined to the negroes
Ii maintains schools and churches among the
Indians 1t was one Of the first organiZa tons
to give attention to the Chinese when they
began to form colonies in our cities 1t has
followed the country's expansion, first to Alaska
and recently to Porto Rico, and sought TO give
the peoples brought under our flag the best that
there is in American civilization. II also before
the Civil War lent hand to the American
highlanders of the Southern mountains who
were almost as much as the negroes victims of
slavery, and it still maintains missions among
these isolated people To the general public.
however, the associations most interesting ac-
dvity is among the negroes, who as the history
Of its organization shows, are natural objects
of its care.
The American Missionary Association was
the product of the New England conscience
dealing with slavery. 1t was formed in 1S46
by men who would no longer consent to accent
for their missionary enterprises, as the older
from the fruits Of unrequited toll Men of such
firm convictions were inevitably concerned for
the upraising of the negro race after it's eman-
cipation, and at the close of the Civil War Inst
no time in attempting to fit it TO live worthiIv In
freedom. With the aid of the American Mic
sionary Association General Armstrong hogan
his great work at Hampton, and if the associa
ton had nothing else TO its credit II would he "a
membered for the planting of that prolific saad
Of civilization. Hampton Institute long 400
was freed from tutelage in pursuance of tba
plan of the association to make schools and
churches self-supporting as soon as possibIa
and to use Its resources for the still furtber
extension of education and Christjanitv A.
present among the negroes the association
maintains twenty-nine common schools For+v
three normal and graded schools and FIVE clar
tered institutions-Fiske University, Nashville.
1alladega College, Talladega. Ala: Tonpaloo
University TougalOO. Miss. Straight TJnlver.
sity, New-Orleans, and TilIotson COLLEGE Ans
tin, Tex. 1t Is specially noteworthy that +b,s
extensive work has probably less In the nature
of denominational propaganda in IT than any
similar enterprise. This is no particular credit
to the association or discredit to anybody else
1t is merely an interesting fact due to the com
parauvely small number OF Congregationaljsts
III the South. The association plants churches
where circumstances warrant. but as the great
body OF negroes are previously identified with
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1900-10-25

so,or,inatious strong In that region its
work goes largely to make more worthy Dup
fists and Methodists, and so loses much OF IT'S
denominational significance
In this day. when the value of industrial edu-
cation Is so generally recognized that the advo-
cacy of 1t has become almost fad, 1T is impor-
tant to consider the practice of this intellgehty
managed and highly successful association. Inc
annual report shows that In all the boaruinS
schools every student is required to WORK IN
some form of industry one hour every day. III
addition the various schools teach agriculture
and have over two thousand acres Of land
under cultivation, and also maintain shop IN
struction In printing harness making uphoi-
stery cabinet making, blacksmithing and other
industries for the boys. The girls are taught
domestic science dressmaking, millinery and
nursing But the associations education does
not end here, and this is the point of departure
from some students of the race problem Who
like those who recently shut the negro hlgh
schools in New Orleans. say: elementary edu-
cation for an elementary people, VINO are 10
remain an elementary people forever The
American Missionary Association does not &C
cept the theory that the negroes are to be kept
an elementary people forever and taught only
TO be hewers of wood and drawers of water.
It recognizes clearly enough the negrq4 present
elementary needs and temptations, and en-
deavors to make him an industrious man who
will adapt himself TO his present surroundings.
But il still insists that he is a man, and gives
the colored people who are fitted for ii higher
literary and theological instruction.
This course may be defended on the ground
simply that the industrial schools can reach
only a few of the race, and must extend their
usefulness by sending out highly educated
teachers and preachers who can establish new
centres of primary and industrial training. That
is eminently true, but that is not the whole
story. The association is sending out negro
ministers and teachers who are much sought
for and whose work is highly commended by
Southern white men, but it is not entirely con-
trolled by this unitarian purpose. 1t means to
give to the negroes a chance for the best there
is in life and diffuse among them all the am
bitiOn to attain it, II has no use for short cuts
or a smattering of higher learning, but also no
use for education arbitrarily restricted to the
supposed needs and social status of an inferior
race condemned to permanent inferiority. 1t
seems to Us that in this policy it has followed
the golden mean. Certainly there is nothing the
negro so much needs as fitting for his actual
possible life in the South to-day. But certainly
the spirit which led to his emancipation can
never agree that he has no right TO aspire to
other than manual work.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1900-10-25
PERSONAL.

When Bob" Taylor was Governor Of Tennessee
cited criticism. And he waited upon by a
uncertain way told him that this wholesale pardon
ing must stop. Governor Bob looked at the COM
mittee, tapped a bell. asked for his pardon clerk.
and when he came said: Make out pardons for
every man in the penitentary' The clerk bowed
and withdrew. Then the Governor looked at the
committee. who were staring as if they thought ne
was going mad. Gentlemen he said firmly. I
am Governor of Tennessee. and II this COMMITTEES
or any other again seeks 20 interfere WIN
my constitutional right to pardon. III sign every
one OF those pardons which the clerk is making OUT
Good morning.
Colonel George P. Mclean. whose death in Phil
adephia is announced, entered the Army at the
Pennsylvania Volunteers and afterward be-
came colonel of the SSth Pennsylvania Volunteers
He served Military Governor of Alexandria ' a.
and after active service the Potomac, the Rap
pahannock and at Cedar Mountain he was mus
tered out He then organized the 1SSd Keslfnens'
mand through the Wilderness campaign. ana was
mustered out finally in 1865, since which time ne ma
held office under the Philadelphia CoIlector 81 ~
Customs and other Federal appointments uuIi
failing health forced his retirement.
It is reported that Dr. Adams will not resume his
but that Dr. E. A. Birge professor of zoology and
acting president, will soon be instalied a.
president.
Professor Roberts Latta. Of the University OF 81
Andrews has been appointed to the chair Of moral
philosophy in the University Of Aberdeen
Dr. ]. w Feeley professor OF physics and geol-
ogy in Wells College, Aurora, N. Y, has been ap-
pointed acting president In the place Of DR.. W. T.
Waters, who recently resigned.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1900-10-25

vance of So AZ share to the present average
of $74 II, which is within 50 II Of the highest
point in seventeen years.
1t is true that railway earnings each year Of
the last four have exceeded the previous year,
but 1t is hardly reasonable to expect this prog
ress to continue indefinitely without Interrupt
ton. 1t is true, moreover that during the first
six months of 1900 gross earnings aggregated
S611, 253. PAL, against $404420,650 in the first
half of 1896, an increase of 81 per cent while
net earnings were $1S6,99S,310, against $115,-
T47,0S3 four years ago, a gain of 62 per cent.
But 1t is also true that during the last few
weeks earnings have not shown as heavy
increase over last year as in the earlier months.
and it would not be surprising If a moderate
decrease were reported for the current month.
Business will undoubtedly become vigorous.
sales of merchandise for domestic consumption
and export will be large and transportation will
reach a heavy tonnage. At the same time prices
cannot be advanced excessively without a reac-
ton sooner or later. If present quotations Of
railroad stocks were relatively low there would
be reason to look for sharp advance In the
industrial stocks there has been prOportiOnately
a much heavier reaction from top prices. and
people who are in the habit of viewing the
market as n whole consider that the present
range is low But the leading railway shares
have not suffered in equal degree. Traders
would do well not to ignore this fact, and a
little attention to the foregoing review of prices
may avert disappointment to those who are con-
templating heavy speculative operations. For
permanent investments even present high prices
are in most cases safe as there is every reason
to expect regular dividend returns, but buyers
on margins will do we'll to exercise caution.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1900-10-25
amusemfnIe.

ACADEMY OF Observation-Disclosures cristo.
AMERICAN NEUTRALITY-SUSPICIOUS. Prooigal Daughter
B1J0U-s-Mstress Nell.
BROADWAY THEATRE--s:l5-MarceLe
CASINO-s-The Bel Of Bohemia.
CRITERION THEATRE-s:fO--Zsza.
DALY''s TaEATRE-s;lo-Ssn Toy.
EDEN aIUSEE-The World IN Wax
EMPIRE THEATRES :20-Richard Carvel
FOURTEENTH STREET THEATRE-S-I>ost River
GARDEN THEATRT2-S-Eenry V
GARRTCK THEATRF-S:1 S-Davfd Haruna-
GRAND OPERA HOCSE-S-E.ght Bells.
EAMNFRSTEIN'S VICTORIA--S:30-In Central Park
HARLEM OPERA HoUsE--sl5-My Daughter-in-isw
HERALD SQUARE THEATRES :20-Arzona.
IRVING PLACE THEATRE-s:15-Der Probekauddat
KEITH Performance.
KNICKERBOCKER TBEATRE-s-LAi glon
ROSTER e. BIAffS-2-S-vaudcvffle.
LYCT3ITM T-TEATRE-2-S.30-A Royal Family.
MADISON SQUARE NEUTRALITY-SUSPICIOUS.. Podge
METROPOLITAN OPERA HoUsE-s-cavareris Rust-
cana and PaEacci
MURRAY HILL FsATRE-e-what Happened 10 Jones
pAeTOR's-Day and Night-Contlnucus Show.
FEOCDOR'S Continuous Performance.
THEATRE REPUBLIC: 15-Sag Harbor
WAiLACK's THEATRE-S:30-The Greatest Thing IN
the Wcrid.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1900-10-25
TRANSATLANTIC TRATELLERS.

Among the passengers the White Star Lane
steamer Oceanic, which arrived here YESTERDAY
from Liverpool. John Arbuckle, MIS-. .
Bache. Mrs. David L. Bartlett. Mr.. and Mrs j. u
Beresford Mrs Bruce Brown Mr. and Mrs. Lyman
Brown. Mrs. A Cough CalthOrpe, Mr. and Mrs h
]. Chisholm, Mr.. and Mrs. j. Mitchell Clark MI
and Mrs G. A Drummond, A. Butler duncan
Marshall Field F. W GOOch. Niels Gron, r. X e.
& Mrs T. F. Knapp Professor S. P Langley. Mr.
and Mrs Prescott Lawrence. Miss Lawrence MISS
Cissie LOTUS. Mr. and Mrs Henry G Lytton' MT
and Mrs. Clarence Mackey. W. A Marours, MT
and Mrs c. W McIIvaine, Mrs. W. y. McMillan
Marquis and Marquise de San Carlo de Pedroso
and family Mr.. and Mrs. Cyril Scott, p G Stew
and family Augustus Tooth Mr.. and Mrs. Wesley
Watson Mr. and Mrs. sI = Bac9an W1throp and
Miss Ttas " winthrop nth cTl' anu
Booked to sail to-day on the Hamburg-American
Line steamer Kaiser Friedrich are Mr. and Mrs
Thomas Jardne. Mrs; Charles Frederick k2 1g
a Miis Mr. Hes and t Mrs & II H. wheeler
The passenger list of the French Line steamer
La Bretagne which sails for Havre to-day. con-
tains the names of Or. and Mrs; F. x du TTen-
Among the passengers on the American Line
steamer New-York, which is due here Saturday
are Maurice Grau and a number OF the singers of
the Grau Opera Company. Among them are
Edouard de Reszke, Signor Necou NJ. Dufriche
III Doeme Mile. Bauerneister, Signor Pini-Corsi
signoT cremonini signor sonino: Herr saar Sig
Olitzka Susan Strong. Benito Badrosa Sephen,
Mime. Tngliabia and Mariana BalasqueZ. Others
on the New-York will be the Rev. James McDer-
Mott dean Of The r- diocese OF Aoary MIS- 9ane e
and Mrs. Summer Wallace.
On the Holland-America Line steamer Staten
dam. which sails on Saturday. will be Mrs. s. e.
Van CortIandt Hamilton and family, Of Newport
and Mrs Francis D. Lee and daughter. OF Wash
mgton-
Arthur Fcrraris the Austrian painter. Is ex-
pected arrive here tomorrow on the Hamburg
American Line steamer Graf waldersee