davidaulloa/AmericanStories huggingface dataset:
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1901-05-26
STOCKS AND BONDS.

New York, May 25.-There was no evil
dence of interest in todays stock market
beyond the manipulation by professionals
in limited number of stocks. The ac-
tion of the market showed that many
brokers' and traders followed the midsum-
mer custom of not coming to the ex-
change at all for the short session of
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1901-05-26
OTHER COTTON MARKETS
NEW YORK MONEY.

NFw YoRx, May 25 "A p. IN. Money on call
non inal at 3X pei cent; last loan - per cent;
ruling rate cent Prime mercantile paper
ut 4Gy4h er cent. Sterling exchange nominal,
with asluai business iii bhnAers bills Ut 4.SeA
4.o8% fCS demand and at S47s for 80
days Posted rates 1851 and a89. COM
mercial bills 4841l48ln Silver certificates
60 Bar silver 59Sa. Mexican dollars 48H. Gov
eminent bonds weak; State bonds inact We; Rail
road bonds steady
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1901-05-26
TOBACCO STOCKS WEAK
southwester0s Temporarily Strong on
Rumols of Consolidation.
NORTHERN PACIFIC sTILL UNSETTLED
There Is "a Strong Pressure 10 Secure Actual
Deliveries Of Certificates Which Leads
to the Belief That the Dis
p0te Is Yet tp n.
tBy the Associated Press

(by the Associated Press.)
New York. May 25.-The week closes
Adull in all departments of the dry goods
get, with return of bad weather
ply limited business has been
any description Of merchandise
ands whether in staple lines, or
Print cloths continue inactive
lreless. American cotton yarns
pa dull throughout, very irregu-
nd some business done at lower
than week ago. Wooden and
Beds also irregular, but demand
rs slight Improvement. Linen yarns
ehanged-
COTTON.
New York May 25.-The cotton market
opened steady with prices unchanged to
II points higher. July led the advance.
opening at 1872, as against 7.S0 last night.
AS matter OF precaution July shorts
bought June as a hedge, causing almost
equal strength in that position. Trading
ali the forenoon was excited, but not
specially active. Room and Southern
near month shorts were the leading buy
ers and seemed desperately afraid that
July would reach eight cents before the
close as offerings were slim and scaled
up from 100 to 500. Absence of news
from Liverpool, which market was closed
on account of Whitsuntide holidays with
runners of a bad scare of shorts in New
Orleans, helped to unnerve the bear in
terest and to stimulate buying for a
further advance, Receipts were heavy,
the weather South was fully as good as
expected and crop reports showed steady
Improvement In the condition generally.
Claims that large blocks OF low grade
were coming here from the South, the
differences allowing handsome profits on
such shipments now that our market is
the highest in the world, appeared to in
no way calm, July shorts who continued
10 IBID feverishly for large blocks. An
advance to 7.95 occurred soon after the
opening and all the morning the market
was STRONG m an erratic way. The sum-
mer months absorbed the bulk OF at
tentioh, though August failed to rise
much above last nights close. Feverish
support from shorts kept the market well
up to the top all the late session. The
market closed inactive with prices net
Ave points higher to five points lower
NEW YORk.
NEw York. May 25-Cotton futures opened
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1901-05-26
Right Kind Of Immigrants.
Hamlet cor. Headlight.

(Hamlet cor. Headlight.)
Mr. Saunders has purchased tract
of 200 acres of land in the suburbs of
Hamlet, he is a Northern gentleman, He
will have a fruit and truck farm, and is
also negotiating with the city fathers in
regard to putting in water works for
Hamlet.
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1901-05-26
OF GEORGIA.


BUSINESS IN NORTH CAROLINA IN 1900
Risks written, $247, 10000; Premiums re-
ceived $3,365,O4.
Losses incurred, $1,732.46; Paid, s., $3.50 so
President--RoBERT ], LOWRY.
Secretary-JOEL HURT.
Home Office-Atlanta, Ga.
General Agent for SerVice-JAMES
SOUTHGATE, Durham, N. G.
Business Manager for North Carolina,
Home Office.
State of North Carolina,
Insurance Department,
Raleigh, N. c., March 20, 1900
J. James r. Young, Insurance Commits
sioner do hereby certify that the above
is true and correct abstract of the
statement of the Atlanta Home Insurance
Company, of Georgia, filed with this De-
partment, showing the condition of said
company on the 31st day of December,
1900
Witness my hand and official seal, the
day and date above written.
JAMES r. YOUNG,
Insurance Commissioner.
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1901-05-26

Mr.. Walter l.. Holt, president Of the
Fayetteville and Wilmington Steamboat
Company, is quoted as saying that ms
company will soon put on the hand
soonest steamer ever run on the river
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1901-05-26
GRAIN AND PROVISIONS.

Chicago, HIS, May 25.-Today's market
was featureless. July wheat closed a
shade higher, July corn ?c lower, July
Oats &C. higher and provisions from I'M
changed to shade lower
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1901-05-26
NoRFoLk PEANUT MARKET.

NoRVOLK Va, May %. Peanuts quiet; fancy,
Az; st ictly prim e, 2ISGI26s prime, 2129s com.
mon, low Grades I140lA machine picked,
Ml2; Spanish zoe per bushel.
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1901-05-26
Leading futures ranged as follows;
7, Opening. j HIeHEsrI LOWEST. oLosrNe
cash ouotations were as 70 lows:

L
Flour market quiet winter patents S3.S09
$50; straights s3 2Oa3 20; clears 2.6Oa3 40: do.
spring specials S4,2O; spring patents " 40
| $50; do. straiehts $29O@3.lO; bakers $4,000 70.
Wheat asa "a sss7; 'GGt oln NG sxa4s1 No n
!, 'N White sSS@scH No 3 white ssGsc Rye :
to to- choice mailing 5oa53: No nnx seed sl6s;
No. | northwestern l.70 Prime timothy
| seed 1895. Mess pork per Dbl, $l4 65J
7o L Laoss per e 1s S Shoulders
| (boxed1 6szm7 Short clear sides (boXed) $5.121S@
S25; Whiskey I27 Sugar, cut loaf .. u; gran
nlAted, 5.5T; confectionets' A 544; off ~ 500;
clover contract grade $3.50
NEW YORK.
New YORK, Nav %. Flour steady neglected
Minnesota patents S3S01420; do. bakers S3.0OQB
25; winter straghts sS 46036O; winter patents
Corn meal quiet yellow western 100; city 81;
Rye -four quiet; fair to good 81 sO0slo; choice
Rye dull, State rye 55G56; No. 2, western
| 60X
Barley malt dull: western 65OT2.
| Buckwheat dull ut 6OG63.
Buckwheat -four quiet at 81. 1902 10
Wheat spot steady; No. 2, red sl9s Options
Corr-spot steady; No. z, 40. Optic May
49ll: July 481s September AZ.
oats-spot dull; No. =, 80. Options quiet but
steady.
Beef steady; family $40 5O012O0; mess e. 50a
$3.50; packet $850a9.50: beef hams $40 OOa.l .oO.
| Cut meats quiet; picked bellies ShQlOh; do
shoulders IN; do hams 9AQlOA
Lard easy: western steamed 1885; NJ Y -
refined dull; to the continent $40; South Amer
lea 90 Is; compound %.
Pork steady; family l6OUDl65O; short cieal
Sl5 5O0l1O0; mess $15.25Q1l6,50.
gallow firm; city 600 perpackage), az;
country (packges free) 595A
Petroleum dull; refined New York go; Phil
adelphia and Baltimore 1875; in bulk, $3.50.
Rosin uu ct strained, common to good, 6l.52M
1uipentine quiet ut 35M036.
Rice quiet; domestic, fair to extra 3AOoi
Spe ter dull; domestic s3s5039O
Coffee--spot Rio dull; No. invoice 81; mid
quiet Cordova s40lsh: Optlons-Mday 81
- !; October - December =.
Sugar-raw market hrm; fair refining "a:
centrifugal, s6-test,, AZ molasses sugar 81
confectioners A 5.35; cut loaf 6.O5; crushed
sos; powdered 5.65; graduated $50: cubes g.
Bl tier steady; western creamery, fresh loCgl9
IN itation creamery. lSQOi7; factory ilOla' State
daiIy l5GlS
Cheese steady; fancy large White shO8h; do
sma 919ls
mark 1874; Southern, at mark, -.
Potatoes steady; Jerseys 500l.25; New
Yorks Sl.25lWI75; Long Island S1UOQS5O
Havana 49, OOlD5.O0; Jersey sweets $l.500D2OO
good to choice 5000.
Peanuts quiet; fancy hand picked 4AGJb: do
nestle 410I4Z
(abbagGs stead State el20l6 per ton.
Freiglts 10 Liverpool; cotton by steam 10; dc
grain
| Cotton seed oil dull and featured IS, closing
/ steady Prime crude barrels nominal; prime
| summer yellow 81; off summer 81; prime white
STk@3S; prime winter yellow 80: prime inca
| S2i00.
| BALTIMORE PROVISIONS
| BALTIMORE, May p. Flour dull western
| super S23O0l2.40; family $300D3.2o; winter
4 Il geE
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1901-05-26

NOLE-a Duly except 0unuuy. D--hast-
ern Time.
Connections at Jacksonville and Tampa.
for all Florida East Coast points, and
Cuba and Porto Rico. At New Orleans,
for all points In Texas, Mexico and Cali
foFnia.
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1901-05-26
Ai[LinaRY
Capital CITY ROUTE. /"

CAPITAL CITY ROUTE"
Short Line to principal cities OF the
South and Southwest, Florida, Cuba.
Texas, California and Mexico, reaching
the Capitals OF six States.
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1901-05-26
BALTIMORE PROVISIONS.

BALTIMoRE May p. : Flour dull; western
super S23O0l2 4O; family $3,O0D325; winter
wheat patents 3d. S5iD4.05; spring patents S3, $50
APO; do straights, S3.s50295.
Wheat dull spot and the IN nth 7SUQI8h
jane ~7TA asked; July T410749s; August 1870
73A steamer No. red -; Southern wheat y
sam lie 10CQ79X
Corn frm: mixed, spot and tn month 47O47h
June 46AQ47; July 46A0411s; Southern white
corn. 49s: do. yellow
Oats steady; no 2, white 331l03I; do. mixed -.
Rye nomlnal No z nearby, 58059.
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1901-05-26

SEABoARD STOCKS AND BONDS
BALT1MoRE, May 25 Seaboard Air Lin
c 1mmon 24A6125: preferred 44SG45.
Bonds - as 79HGS0A
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1901-12-18
NOW FOR THE CANAL.

By the ratification of the -Hay-Pauncefote
treaty the United States is left with an
absolutely free hand to construct and con-
troll a canal across the isthmus of Darien.
The Importance OF this contamination can
be best appreciated by remembering that
it is something we nave been talking about
and working for for nearly fifty years.
Valuable as such a canal will be to the
Of the world, it will be of in
fnitely more value to the United States
in bringing the Atlantic and Pacific coasts
of the continent nearer together and in
greatly strengthening our control of the
trade of the Pacific ocean and the Orient.
1t will also be of immense value in time
of war, for, although the United States is
pledged to maintain the neutrality Of the
canal and keep it open for the ships of all
nations in time of war, as well as in peace.
it will be of far greater value to this
country than to any other. The American
people have not yet forgotten their anxiety
during the memorable voyage Of the bat
tleship Oregon from San Francisco to Key
West, where she reported to the Navy De-
partment in time TO take part in the bat
tie of Santiago. She left San Francisco
March IA, 1898. and made Key West on
May "a. making a record unexampled in
the history of naval achievement If there
had been an isthmian canal the Oregon
would have reached the scene Of action in
far less time than she did, though she
would not have had the record as she now
has of being the first United States battle
ship to cross the equator and perhaps her
seamen. whose terms Of enlistment ex-
pired during her long voyage would not
have been afforded the opportunity of
periodically re-enlisting on board ship.
This. however, is but an incident. The i'm
nense Importance and value of the canal
to the United States are too plain for argu-
ment, and now that the way is open for
its construction there should be no un-
necessary delay in beginning the work. 1t
is a case in which the people expect Con-
gress to do it's duty. regardless of factious
opposition or conflicting interests.
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1901-12-18

ministration, at the expense OF a personal
TO a few intimate friends.
1t has been quite different since a money
Communication has taken the place of q
mansion. Not only has the State pronted
by the present method in a pecuniary way,
but every Governor has been free TO con-
suit his own taste and convenience in a
matter strictly personal. We cannot al
ford to shut ourselves up to the necessity
or electing only such men as are equipped
Tor the management of a mansion. We
may again choose for Governor a typical
bueolic who will prefer TO leave his part
ner on the farm TO look after the stock
rather than TO bring her into a mansion
with all the mansion stands for. Shall we
be estopped from such a right by the ne
cessity a mansion compels? Or suppose
we now had a mansion all furnished and
ready, and the people of the State should
wish 10 transfer our attorney general from
the suite of Offices in the north end of the
Capitol TO the suite IN the south end, and
make him q GOvernor-and they can find
no better material-hOw would he manage
a mansion, having no managing partner?
True, he might get one by the asking, but
evidently he does not want TO have TO ask.
Would ii be kind 10 put him into such a
strait? So, then, whether we consult the
comfort of the Governor or the interest of
the taxpayer, the conclusion is that, in the
languag of the late Governor Hendricks,
we had better let ii be. L. l.. SEE.
Indianapolis, Dec. II.
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1901-12-18
PEACE.

The opening years of the twentieth CEN
fury have been marked by an almost uni
versal discussion of the wonderful strides
this country is making towards commercial
supremacy. THE American peril has be-
come a familiar phrase, not only among
foreign manufacturers, business men and
newspaper writer's, but among foreign
statesmen. In past years it was a theory,
but now it is a condition which, If not fully
realized. is at least on the verge of ~realiza-
ton. The superiority Of American methods
Of industrial organization, workmanship,
production, distribution, etc, is recognized
abroad even more distinctly than at home,
and yet, strange 70 say, the one weak point
in the situation is right here at home. 1t
is the unfriendly relations. one might al
most say the warning conditions, between
capital and labor, between employers and
employees. This is the only thing that
stands in the way not only of the COM
plete establishment of American CONNER
cial supremacy. but of the beginning of a
new era of national development and prog
ress. not material alone. but moral and So
cial as well, that will place US in the front
rank of nations. What We need is industrial
~peace-peace between capital and labor, be-
tween employers and employees, between
those who pay wages and those who earn
them. With this kind of peace assured
at home we could defy the commercial
world in arms against US. The real Amer
lean peril is at home-the peril Of war be-
tween American capital and labor. If this
continues, the prospect of American ccm-
mercial supremacy will vanish, but if it
can be removed nothing can prevent the
realization of conditions that all the world
is now talking about.
The National Civic Federation deserves
the thanks of the nation for trying to bring
about a solution of this problem through
the conference at New York. and it is not
too much TO say that Senator Hanna has
shown a truer appreciation of the situation
and done more to bring about the confer
ence and pave the way to practical results
than any other person. No public man in
this country has talked more frankly or
more intelligently concerning a question
Of vital Importance than Senator Hanna
more genuine solicitude to contribute to it's
settlement. IF by resigning my seat in
the United States Senate" says Mr.. Hanna,
Il could bring to fruition the plans that we
are now fostering to make strikes, lockouts
and great labor disputes impossible 1 would
gladly do So" Nobody has a right to
doubt that Senator Hanna means what he
says. He has given many evidences of his
ardent Americanism, but none so striking
or characteristic of his career as a bust
ness man as what he is trying to &C
complish in bringing about a condition Of
industrial peace in the United States. Even
the beginning of such an end would be
an achievement that would undoubtedly
rank among the great ones Of the twentieth
century. Fifty years of industrial peace in
the United States were better than a cycle
Of strikes IOpkOutS and bOvcOttS
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1901-12-18
SPECIAL PENSION LEGISLATION.

There are some indications that the pres
ent session of Congress may be marked by
the introduction of an unusually large
number of special pension bills. This would
not be surprising, for, at the present re-
moteness from the war period, every year
develops cases of supposed merit that do
not come under existing laws. Yet these
laws are so liberal that the really meritori-
Gus cases not covered by them are COM
paratively few and should be closely scru-
tinized. AS President Harrison said in his
annual message Of 1880, in commenting on
the operation of the disability pension act:
Thi liberal enlargement OF the general
law should suggest a more careful scrutiny
Of bills for special relief, both as to the
cases where relief is granted and as to the
amount allowed" President Cleveland,
during his first term. vetoed more than $50
special pension bills, and the general law
was not as liberal at that time as it was
later and is now. In 1875 President Grant
vetoed an act TO equalize bounties on the
ground that the passage of the bill at this
time is inconsistent with the measures of
economy now demanded by the necessities
of the country This veto message was
written in the Presidents room at the Cap
itol on March 8. 1875. but failed TO reach the
House of Representatives before the final
adjournment Of Congress. and the original
is filed at the executive mansion. The bill
died by a pocket veto. 1t is the only bill Of
a general character for the relief of ex-
soldiers that has ever passed Congress and
not been approved by the President.
The liberal pension legislation of recent
years is in marked contrast to the spirit
that prevailed in some former periods. In
1918 Congress passed an act granting pen
sions TO all surviving soldiers of the revo-
lutionary war who had served nine months
or more and were lin INDECENT circum-
stances" Because the number of appli-
cants under this law exceeded expectations
Congress in 1890 passed a law requiring
proof OF absolute Indulgence. Under this
law the then secretary of war, John c. Cal
houn. began the process of wedding out
revolutionary pensioners. The number of
such pensioners at that time was about
1900, and their aggregate pensions amount
ed 10 about 100000. The rule established
by the secretary of war was that those
who were drawing pensions under the act
Of 1918, as well as new applicants, must sub
NIT a sworn schedule Of their property. and
under this harsh and humiliating rule all
pensioners and applicants were excluded.
with a very few exceptions. whose SEIZED
ules of property exceeded 500. BY this
means the list of pensioners was reduced
about one-half. but it was a cruel rule and
a disgrace to the Congress that passed and
the administration that enforced it. Pres
ident John Quincy Adams made the follow
ing allusion TO it in his inaugural address
in 1875: LAS the numbers of these venerable
relics OF an age zone by diminish; as the
decays of body, mind and estate OF those
that survive must, in the common course
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1901-12-18

of nature, increase. should not a more lib
eral portion of indulgence be dealt out TO
them? May not the want in most instances
be inferred from the demand when the
service can be proved. and may not the last
days OF human infrmity be spared the NOR
LITIGATION of purchasing a pittance of relief
only by the exposure of its own necessities?
L submit TO Congress the expediency of re-
viving the act Of the 1st Of May. 1920. with
a view TO mitigate the rigor of its exclu-
sions in favor of persons to whom charity
now bestowed can scarcely discharge the
debt Of Justice" 1t was several years,
however. before the act was amended or
the policy OF the government changed. The
spirit of modern legislation is far more lib
eral, and, as President Harrison said,
should suggest a careful scrutiny Of bills
for special relief.
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1901-12-18

An exchange, having discovered that the
number of young men studying in Presby-
terrain schools has fallen to 500 from 1900
in 1896, proceeds to find reason for the de-
cline. which it bases upon the falling eff
in church attendance. The preaching of
the narrow creeds of Calvinism is given
as one of the causes: at the same time the
liberalizing effect of modern preaching has,
it is claimed, done its part toward thin
ming congregations. All these assumptions
would be very serious if they had basis in
fact. Because the number of theological
students has fallen off in one or in all de-
nominations is not sufficient ground to
assume that church attendance is falling
off or that churches are being closed be-
cause people will not attend. 1t is possible
that young men have discovered that the
ministry does not afford as good prospects
for educated men as other professions.
There are reasons why men who look ahead
may now hesitate to enter the ministry.
The lawyer and the physician who keep
UP with their professions are at their best
in many respects between the years of
III LII SSNSuly, u III preacher WHO mas
reached fifty has not, as a rule, so good an
opportunity to obtain a call as one of
thirty or thirty-ive. Why this is so it is not
necessary to undertake to state. This fact
may have its influence. The dissensions over
the revision of creeds may deter men from
entering the ministry. Possibly young men
nave discovered that there are more preach
ers than pulpits. If men entering or at
tempting to enter other professions could
come to a like conclusion it would be much
better for them, as it is we'll known that
the professions are crowded.
There are some facts which should coun-
teract the gloomy forebodings Of those
who see a decline OF religious interest in
the falling off in the number of theological
students. The census of 1900, which will
give accurate statistics regarding religious
bodies, is not yet available, but Rev. r..
X. Carroll, D. D., who collected the
statistics for the census of 1890. has kept up
his inquiry every year since. His sum-
mary for 1890 was 10, 1882 ministers for all
denominations, 159, 946 churches, and 90
ISIS, 307 communicates The summary issued
by him for 1899 was 151. III ministers, 1SS, 46
churches and 26,9z1, 93S communicates Here
is a gain in nine years of 1875 ministers.
$3.50 churches and 6,35S. GIG communicates
or 80 per cent. in communicate in nine
years. During the decade 1S9O-19OO. the popu-
lation of the United States increased about
20 per cent. If the membership of the
churches has increased 80 per cent. in nine
years or considerably more thar 10 per
cent. faster than the population of the
country has increased in ten years, it is
not worth while to waste time in deploring
the decline of the churches unless one finds
satisfaction in imaginary evils.