davidaulloa/AmericanStories huggingface dataset:
The Grenada sentinel. [volume] (Grenada, Miss.) 1868-1955, 1901-12-28
MUNIFlCENT~

'iiip 10 Wv uSN vi SC 'iiiiiSp "a
every department of life. With an
expanding of the nation ONE an in
in the scope of its institutions
of all kinds. One prime reason for
the wonderful progress and develop
ment of Il country is education.
Without it sad would be u condi-
ton today. An uneducated citizen
ship is an inactive citizenship, so far
as growth is concerned. The fore
fathers builded wisely when they at
the inception of the governmental or
ganization provided for a system of
schools where the masses, the very
fibre of the republic, could acquire
that training which would enable
them to dare and do those things
which would advance civilization in
the world. 1t is a fact that nearly
all (the exceptions are rare) of the
great men-SchOlars, statesmen, pro-
feSsional men, inventors and men of
science-are from the ranks of those,
whose principal education was ac-
quired at the common schools and ele-
mentary colleges.
Without disparaging in the least
the inestimable value of the schools
referred to above. it is equally true
that if the nation intends to keep in
the van of the worlds progress, there
must be accessible the very best of
educational advantages in the higher
branches. To have such requires a
great deal of money-seemingly an
unlimited amount-for science can
not stop at expense; and the world
owes much to science. Sometimes a
fortune is spent in acquiring what
seems Il small bit of knowledge, yet
time proves its incalcuable value.
Fortunately there have been several
institutions in this country which
have had large means, and as a conse-
quence have done much in the realm
of knowledge, but the limit has not
been reached. There are heights yet
to be scaled.
Realizing this fact, and desiring to
leave their names indelibly fixed upon
| the minds Of the world, as well as tC
do a great thing for their fellowman,
men and women of wealth have given
vast fortunes toward founding an6
sustaining these great educational in
situations. Notable among these
muniticent donations are the $50, 600,
900 which Mrs. Leland Stanford ha'
given to Stanford University of Cali
fornia and the so. 900, 900 which An
drew Carnegie has offered to give TO
the founding of a National Universit,
at Washington. Other large gift
have been made in the past, but non
50 large in a lump. One result O
such ~liberality on the part of thes
wealthy people is sure to be tina
America will take the lead in highe
education in the world. Another wi
| be that the seeming inevitable cor
fict between capital and labor will b
avoided. Labor can but see this ma
ter in the proper light, and reali2
that these princely contributions al
e intended primarily to help those WI
t cannot do 50 much for themselves b.
q cause Of a lack of funds. 1t marks
t new era in the history of the countr,
The Grenada sentinel. [volume] (Grenada, Miss.) 1868-1955, 1901-12-28

Marconi. the mar who is doing such
wonders with wireless telegraphy, has
succeeded in transmitting a message
from Great Britain to New Found
land. more than a thousand miles. 1t
is but a question of a short time when
even greater things will be done. Is
there a limit to the possibilities of
the scientific d~iscoverer or the in
VentOr?
The Grenada sentinel. [volume] (Grenada, Miss.) 1868-1955, 1901-12-28
A SOUND ARGUMENT.
Cosent Reasons in Support Of the Sus'
eestion to Repeal the Law of Mortmain.

sestion to Repeal the Law Of Mortmain.
Editor of the Grenada SENTINEL:
Bishop Galloway's letter, which APP
peared recently in the Clarion-Ledger,
advocating the repeal of the provis-
ions of the State constitution prohib-
iting requests and devises to religious
and charitable uses is in harmony
with the advanced thought and civil
iization of this enlightened age.
There are a few of the papers of the
State that oppose this distinguished
Bishop in his liberal and broadmind-
ed views, but their arguments are the
old well-worn and threadbare objec-
tions of the middle ages.
The idea that a mar may be safely
trusted to make donations to charita-
BILE and religious objects in his life
time and is not allowed to bequeath a
dollar to an orphan asylum, or a
church, or a charity hospital by his
will is absurd and grotesque in the
highest degree.
The opponents of Bishop Galloway
base their objections upon the erro-
neous and falllcious idea that the
prohibition is against death-bed be-
quests. The prohibition applies to
all wills, no matter when they are
made. a will may be made by a man
in robust health, of the most SOUND
and dispOsing mind and in the full
possession of all his faculties, and yet
Il bequest in favor of any religious
or charitable object is void.
A mar of wealth may found {
charity hospital by his will, one O
the noblest of charities, and it il
void. He may bequeath all he has t
a beer garden, a brewery or a distil
lery, and it is legal.
These provisions of law proceed
upon the absurd presumption tina
while a man may be competent t.
make a gift to a charity in his life
time, he cannot be trusted to maxi
such a disposition of his property b,
his will. 1t proceeds also upon tn
absurd and ridiculous idea that in
mans last sickness, or before tina
time, he may be unduly influenced b,
designing priests and ministers of tn
Gospel to devise some of his propert.
to the cause of religion.
The two greatest and nOblest oh
jectS IN earth, divinely taught by on
Lord and commended by Almight
God to all mankind, are religion an
charity. Give to the poor was tn
constant precept Of our Lord, an
; since that day this has been the cor
. slant and divine injunction.
And, yet, here is a positive law {
the State declaring that all gifts b
will to religion or charity are illegi
and void. And what is, moreover,
most unique spectacle, everybody
attempting to evade and avoid the'
laws. They can be easily and su
cessfully evaded in the preparation
a will, as every learned and skillf'
= lawyer knows perfectly well.
About the one real effect that the
laws have is that they blot the civil
zation of the age, and detract fro
the prestige and dignity of any sta
y that permits such laws to remain
existence. They are a discredit'
- relic of an age that was characterize
- by every sort of prejudice and absu
~ beliefs, and they have no place in Il
~. jurisprudence Of an age of Christi;
o. civilization and enlightenment.
Il CONSERVATIVE.
The Grenada sentinel. [volume] (Grenada, Miss.) 1868-1955, 1901-12-28

The puncturing Of that gas-bag, Ego
tistic Simple-headed Maclay, the man
whose history Of the navy was so full
OF f~alSitications and misStatements, is
about the only genuinely good thing
the navy department has done for
several years. The otfense was in al
lowing the nuisance to go %unnoticed
50 long.
The Grenada sentinel. [volume] (Grenada, Miss.) 1868-1955, 1901-12-28

According TO the report OF Presl-
dent Kincannon, of the Mississippi In
dustrial Institute and College, there
is need of larger facilities at that in
stitution, which is doing so much for
the boys and girls of the state. If
the school needs more the wise thing
will be to grant it without hesitation.
The hope of the state is the proper
education Of the boys and girls, and in
no way a this be done better than
at this school.
The Grenada sentinel. [volume] (Grenada, Miss.) 1868-1955, 1901-12-28

As the time approaches for the on
vening of the special session of the
legislature it behooyes the people to
impress upon the members the great
importance of disposing Of the appor-
tionment question at this session.
OF course it is useless to argue fur
Their the danger of allowing any per
sonal politics in the alignment of the
districts.
The Grenada sentinel. [volume] (Grenada, Miss.) 1868-1955, 1901-12-28

The Congressional Record is per-
haps the meekest Journal inthe world.
1t has never been known to strike
back at any of its contemporaries for
SlurS or criticism cast at it. Such
will no doubt receive its reward.
The Grenada sentinel. [volume] (Grenada, Miss.) 1868-1955, 1901-12-28

\ Kansas mans t%cn-year-old son
was expelled from school for refusing
to take part in the religious exercises
at the public school, and now the IA
Their threatens to take legal action
against the school. Kansas seems tC
be a hotbed for freaks.
The Grenada sentinel. [volume] (Grenada, Miss.) 1868-1955, 1901-12-28

The Commercial Appeal has come
out strong against having Mardi Gras
in Memphis any more. The CA. is
right. and its sentiments will meet
with the approval of the people in
nearby towns and cities who usually
constitute a goodly portion of the
crowds who attend. These occasions
have of late years become in Memphis
no more than times for a maudlin,
rough class of people to engage in dis
sipation, revelries, ETC., ana deceh
neople have to keep away to be free
from the contamination.
The Grenada sentinel. [volume] (Grenada, Miss.) 1868-1955, 1901-12-28

The special session Of the legislature
will convene on January /, 1902. y
legislative session always means much
to the state, either for good or for the
contrary. 1t is a mistaken idea that
is held by some people that no matter
what kind of laws are passed business
affairs will move along in the ever
tenor of their way. Sometime a
seemingly harmless bin will work
irreparable injury. 1t is to be hoped
that no motives but good ones vii
prompt the introduction of bills at the
approaching session.
The Grenada sentinel. [volume] (Grenada, Miss.) 1868-1955, 1901-12-28

The trouble with the navy depart
ment clique is that Schley did it,
though not with his little Ratchet.
The Grenada sentinel. [volume] (Grenada, Miss.) 1868-1955, 1901-12-28

The majority of the newspapers Of
the state are taking Christmas this
week and will not appear. The SEN
TINEL will miss their appearance. but
wishes them a rousing, big time.
May they come back in January with
renewed energy and vim to pull for
the advancement and growth of Mis-
sisSippi and help to make her the
prandeSt State in the Union.
The Grenada sentinel. [volume] (Grenada, Miss.) 1868-1955, 1901-12-28

1t is reported by the daily press
that an army post is to be established
at some point in Mississippi. The
same report says that the government
wants 20 600 acres Of land for the
post. For some reasons an army post
would be a desirable thing near a city,
and for others not so, but the thing
which will cause most hesitation on
the part of towns desiring the post
will be that 20. 900 acres Of land.
The Grenada sentinel. [volume] (Grenada, Miss.) 1868-1955, 1901-12-28

DR.. Wilson A. Hurt. the proprietor
of the Winona Times, died at his
home on Friday of last week after a
lingering illness. lie was a promi-
nent man in newspaper circles, a
heightened Christian gentleman, an
agreeable companion and he will be
missed in many ways. His has been a
useful existence and the SENTINEL re-
rrets to know that he is no more.
New-York tribune., 1901-01-05
BUSINESS MORTALITY IN 1900.

Failures in 1soo.'' reported by 'Bradstreet's
were slightly numerous than in the preceding
year. and liabilities also showed slight Increase
This. however. will hardly be cited an unfavor-
able symptom II IL Is remembered that the expand
Ing trade OF that year and Of the year before was
instrumental In inducing large number OF new
ventures in business and therefore. this extent
rendering the present liability bus-
ness embarrassment. The last year OF the century,
however. notable for showing the smallest per-
salvage-that there is record Of for fifteen years
past: but on the other hand il TO be noted that
the percentage Of those In business falling owing
the general business community no larger than
in 1S99 and therefore, was equal 70 the lowest per-
centage shown for eighteen years past Finally. IL
may be said that except possibly in the cases o,
some wool and woolen goods and speculative build
ing collapses. nothing like a distinct tendency
toward symptoms OF weakness was 20 be noted
during the year. and even in the branches OF bust
ness above cited special circumstances largely
responsible for the suspensions noted The collapse
OF the so-caled Flour Trust suspension, by the
way. which sweled the liabilities column very large
ly, and which more than accounts for the entire
increase shown in liabilities 1882 is credited
largely 10 stock mana agement which IS apparently
fatal 70 the great combination IL IL TO the
smallest trader. Some large suspensions in the
silk, paper and publishing trades helped to swell
the volume OF liabilities early In the year. while
some heavy bank failures. a woollen goods manu-
featuring collapse and large embarrassment in the
iron trade sweed the record OF liabilities late In
the month OF December 10 will be recalled that
failure liabilities IN December. 1899. very large
however. and therefore the record for December,
1900 comparatively moderate one. UP 10
the beginning OF the fourth quarter Of 1890 liza BILL
ties OF failing traders were 30 per cent ahead of
1899 but this excess was heavily cut down in De-
cember. and the result is comparatively small
gain I'm liabilities for the year.
New-York tribune., 1901-01-05
ROCK ISLAND DEVELOPMENTS.

The advance in ST. Paul stock WILL il is believed
be followed by similar movements in Burlington
and Rock Island Rock Island made net gain Of
four points yesterday, and il may be said on au-
thority that the buying for the account Of
some of the strongest banking interests in the
Street. Rock Island pays much st. Paul
pays, while at current prices it returns good
deal more on the investment. The fact that Rock
Island has not shared TO any marked extent in
the bull market of the last three months suggests
that, outside of developments favorably affecting
the company. the price will work higher in order
to sell more on level with other standard per
cent issues. From excellent sources ii was learned
yesterday that current buying of Rock Island
stock reflects the extension of the community of
ownership scheme, and ii said that important
developments might be looked for. Irrespective OF
reports about Rock Island the company's secur-
ties compare favorably with st. Paul and Burling-
ton on the ground of merit. For the eight months
OF the companys fiscal year the earnings showed a
surplus equal TO 7.3 per cent on the stock. indi-
eating over per cent for the year. If no more
changes IN surplus are reported. Last year the
surplus was over per cent, and the surplus this
year Will doubtless amount TO IL or II per cent.
Rock Island stock was in demand after the close
OF business yesterday and it was thought that
some deal OF Importance Is pending.
New-York tribune., 1901-01-05

& Co. bought Continental Tobacco: Kelly & Miller
and Wolf Bros. Co. sold. The biggest buying
orders which advanced ST. Paul were 5000 by w. s
Gurnee. jr.. & Co. and about the same amount by
j. s. Bache & Co. Roberts, Blair & Co. bought
Manhattan C2,0oo) and ST. Paul 0,5oop- f. e. c.
Randolph q o00) and III. w. Poor & Co. 1.o00p
bought Continental Tobacco; c. l. Hudson & Co
and Kelly & Miller 0.O00) sold W S. Lawson &
Co bought ST. Paul; Moore & Schley sold II was
estimated that the Wormsers bought 10000 ST.
Paul. Hollister & Babcock (20oo) bought Rock
Island; Joseph Connah sold. j. j. Manning q,oo0)
c. B. Ketcham. o. S. Loeb and Floyd-Jones & Rob
ison bought Northern Pacific common; Moore &
Schley (25oo) and ". S. Jones sold. T. j. Taylor
& Co and Tower & Sherwood bought Sugar; Harris,
Hutton & Co. (2,50O) and Moore & Schley Q,O00)
sold. i. s. Wormser, Halle * Stieglitz and 9. A
Missing & co. 200 in alD bought Rock Island
l. III. Waggoner (2.00o) bought American Tobacco;
F. w; sayin & Co; (20oo) sold. Lawton. Flint & CO.
bought Continental Tobacco; Kelly & Miller sold
Moore Schley and c. A Missing & Co. (2,Ooo)
bought Union Pacific common. A. A. Housnian &
co. (2Ooo) bought Brooklyn Rapid Transit; L.
schepp and II. G.. Campbell & Co. u,5oO) sold
Strong. Sturgis & Co, Goldschmidt, Wolff & Co.,
T. J. Taylor & Co. w. s. Jones and F. P. Free
ers A. V. Stout. SussdOrff and Bell & Co. sold.
New-York tribune., 1901-01-05
BUYERS AND SELLERS

The principal buyers and sellers I'm yesterday s
market were: The heavy dealings in St Paul at
the opening were due to the sales of $4,000 by
Strong, Sturgis Co.. who filled all bids l. w
Wormser took 1900 of ii In one lot The opening
advance In Sugar Refining was principally due to
i. a s. Wormser, who We're the heaviest BUYERS
The quick rise in Missouri Pacific was caused by
the buying of A. H. Combs & Co. who took over
5000 shares. A Chicago short interest created in
Union Pacinc on Thursday around 10 covered about
5000 shares from 79la TO s0h. c. r. Butler &. Rro
succeeded A. III. Holmes & Co. as buyers OF Mis-
souri, Pacific. and took about 5000 shares Strong
Sturgis & Co. were among the largest BUYERS or
Northern Pacific common. and Strong. Sturgis e Co
bought ST Paul. II. Clews & Co. q 500 bought
Peoples Gas. w S. Lawson & Co bought North
ern Pacihc W. S. Jones sold Coster Knapp & Co
bought New-York Central: III. Clews & Co sold
ID. Henry bought American Tobacco: Popper g.
Stern and c. Minzesheimer & Co. sold L n
WaEKoner. Lawton. Flint & Co. and H. W. Poor
New-York tribune., 1901-01-05
BALTIMORE AND OHIO SUIT.

Henry p. Scott. OF Wilmington. Del. who has
brought suit in the Maryland courts to restrain the
payment Of dividends on the common stock OF the
Baltimore and Ohio company says:
In addition my own holdings OF Baltimore and
Ohio shares have suggested their purchase from
time TO time 20 many of my friends, and their
account, well my own, desire speedy a
determination as possible OF the rights Of the pre-
ferred and common 20 dividends. The cOmpany's
statement showed surplus OF g. 600 for the
year ended June 30. 1890. after paying per on
both preferred and common shares and since
anticipate largely increasing earnings for this
pany IN the Immediate future, and consequently
that 70 will cOnservatively be able to pay larger
dividends II becomes OF the Importance that
IL be decided whether the preferred stock will have
share In such further distribution or not r have
brought this suit in the Maryland courts because
the company is chartered there and I am advised
that decision by its highest court be had In a
shorter time than II the case had been instituted In
some other jurisdiction.
New-York tribune., 1901-01-05
-ChanEes,
.pecrense.
OUTSIDE SECURITIES.

The outside securities market closed firm Dis
uiins issues became active at the close the COM
mon stock advanced I point. the preferred IN
points. Rubber Goods common was firm at the
close. selling up to 30 dividend. British Column
bia held strong. about 500 shares sold up TO 2oi.
American Bridge issues while quiet showed good
gains at the close. Electric Boat sold at 29lb
Otis Elevator common sold az 2ai.. BAY State Gas
active, but sold of before the close: about So0
shares were traded in The bank shares were
quiet. City Bank stock sold at 542
New-York tribune., 1901-01-05
AMERICAN SECURITIES ABROAD

LONDON Jan. T. p. m.-Efforts were made by
american spectators TO break the London market
for American securities to-day After early de-
fiines heavy buylpg orders for local and New-York
bahhiig interests checked bear attacks and prices
recovered throughout the list closing strong and
higher; h1nal prices follow: Atchson 46iS: Cana
ian racine, 81; ST Paul. 149M Illinois Central la
Louisville and Nashville s71s Union Pacific pre,
IIerrea s3l4i New-fork Central, 1851 Erie 5,iS.
Ienhs ylvania 154; Reading I3ik: Erie first nrss.
1srrea sss; Northern Pacific preferred 3sI5: Grand
Trunk, 714, and Anaconda 9%. = N' ~
New-York tribune., 1901-01-05

RAILROAD BONDS-Market generally strong
Total sales amounted in par value 81 274 700
against S3aSs,35o On Thursday. The heaviest deal
ines In the Atchison and Baltimore and Ohio
Issues, Central OF Georgia 5s and 2d incomes Chi
capo aDd Alton Szs, Erie prior lien As and general
+s, Hooking Valley LIST i1ze, Mexican Central LIST In
comes Missouri. Kansas and Texas LIST and 2d 49,
New-York tribune., 1901-01-05

GOVERNMENT NEUTRALITY-SUSPICIOUS. receipts
reported from Washington. s.2OS5ei Internal reve-
nue receipts s5s2I24: miscellaneous receipts. sis-
III Total receipts for the day. H,S22SiO expendi-
lures. 81 10000 Receipts for the month TO date.
S. Ss 49, expenditures s99OCoo; excess Of receipts.
s42s 41s Receipts for the fiscal year 20 date. $751;
200 2sO expenditures s27sO24l55: excess of receipts
s19176125 Receipts of National bank notes for
redemption. s5l1529.
SUB-TREASURY.-The Sub-Treasury was debtor
at the Clearing House 81 9SS9l9 Its net loss on bal
ance was s14l7,Oo0 made up by n loss in currency
s1720 and loss in coin of sl245Oe resulting IN
general balance of s245I43Ooo. consisting OF s242
127 600 coin and s36OOo currency. The business for
the week ended last night included receipts of s2O.
22l 900 and payments OF s25.s25ocO Deducting from
the receipts s34S7oc0 and from the payments $685.
cO for items which affect It's account with the
general Treasury only. its loss affecting the
banks was s3,5a6,o00
New-York tribune., 1901-01-05
NOAEY IND EXCHANGE

MONEY MARKET.-CalI money-opened & nor
cent. high per cent. low ala per cent last loan
per cent, closed per cent, ruling rate per cent
lime money. +a4A per cent for sixty days and for
New-York tribune., 1901-01-05
COTTON EXCHANGE INITIATION FEE

The managers of the Cotton Exchanges give notice
that this amendment to the bylaws has been
adopted by them:
The initiation fee shall be $4,000 and the number
of members in the Exchange shall be limited $50
vote will be taken on the proposed amendment
on
New-York tribune., 1901-01-05
SOUTHERN PACIFIC BONDS ovERsUB-
SCRIBFD

Speyer & Co. closed the subscription books for
the So,oOo.oo0 Southern Pacific Az per cent gold
bonds they opened. the amount having
been overapplied for II is stated a probability
that subscribers for amounts under $4,000 Will as
a rule. receive the full amount OF their subscrfp-
tions The amounts $4,000 will be reduced 70
the extent of % per cent on the average
New-York tribune., 1901-01-05
DECEMBER EARNINGS

Railroad earnings received yesterday for the last
week in December and for the month showed the
following changes compared with the same
time year ago:
New-York tribune., 1901-01-05

Missouri Pacific Trust IS. Norfolk and Western IS,
Reading general 4s st. Louis Southwestern 1st and
DDS. Southern Pacific As, Texas and Pacific LIST IS,
Union Pacific As, Wabash debenture Bs and Wis
consin Central general As.
New-York tribune., 1901-01-05

three and four months and AZ per cent for six
months railroad collateral. Commercial paper
41465 per cent for three four and six months for
the best names. and above for names not so we'll
known.
FOREIGN ExcHANGE-Market firm. Actual
closing rates follow:
New-York tribune., 1901-01-05
RepOrted BY De Haven s TOwuseu,
COLORADO SPRINGS STOCKS.

Closing quotations the Colorado Springs Min
Ing Stock Exchange. furnished by William r. Bon-
bright q Co. OF Colorado Springs:
New-York tribune., 1901-01-05
Bankers' posted rates were:

DOMESTIC NEUTRALITY-SUSPICIOUS. exchange
New-York follows at the places named;
ew-Orleans-Commercial, SOC discount; bank, par
San Francisco-Sight, 15c telegraph. 1l1ac Cincin-
nati-Between banks. 121zd15c premium; over the
counter zoe premium. Boston-Par and &c discount.
Chicago-Par Charleston-Buying. par; selling, isc
premium Savannah-Buyng. 1sc off: selling par
BANK CLEARINGs. - New-York - Exchanges.
1926 122 252 balances s13 ,O51 Philadephia-Ex-
changes, S21, ,25s rs; balances. ss524 Baltimore
Exchanges s4,2546s1; balances SS57274. Boston-Ex-
changes, 500 337; balances. g. $50. Chicago
Exchanges SOS. 1870 $50: balances. S2,SS9102
FOREIGN MONEY MARXET.-Can money in
London, S1s per cent. Open market discount rate
for short bills. 44Qfs per cent? long bills. 4a4ss
per cent. Berlin discount rate. cent for three
months bills per for short bills. Berlin ex-
change on London. 20 marks. 45 pfennigs. Paris
exchange London, D francs IL centimes Paris
discount rate, per cent.
BRITISH SECURITIES - British consols for
money 81: for the account. 81 SIG. Spanish As in
London. 69%4 French rentes. iO2 francs 212
centimes.
THE SILVER MARKET-Bar silver, $3.50; Mex
lean silver dollars. 1880. Bar silver in London
closed at % 5-16d
Buenos Ayres 1885, Rome, 5.421s.