davidaulloa/AmericanStories huggingface dataset:
The times., 1901-06-02
Nnw YnrL stock Erchnnre.

Corrected daily by W. B. Hfbhs Co, mem
iers of the New York Stock Exchange, l4l9 +
The times., 1901-06-02
New york Cotton Market.
IN THE BANKERS CIRCLE.
Local Investment and Speculative
Gnssfn of Interest.

The defaulting Of the Washington Trac-
ton and Electric Company on the pay
ment OF the interest on its first mortgage
collateral bonds, due yesterday. was the
chief matter of interest in the local finan-
cial situation during the week. The fall
ure TO pay the interest was not uneX-
pected. as was said in The Times several
davs before the interest date. 1t was
known that the company was not earning
the full interest on the bonds. and also
that there was a large floating debt to be
looked after The news Of the event, how
ever, was published exclusively in The
Times yesterday morning, not appearing
elsewhere until yesterday afternoon.
The bondholders have two courses open.
They can insist on the foreclosure Of the
Washington Traction and Electric Com
pany. and the selling of its holdings of the
securities of the various subsidiary COM
panies. Or they can offer to make some
ARRANGEMENT to allow the company to
continue in business, scaling down their
holdings of bonds to such an extent that
the company may be able In the future to
pay their interest. The present outlook is
that the latter plan will be adopted II an
agreement can be made between the differ
ent interests. AS has been stated, COM
mittee composed of representatives of the
formulate a plan. AS yet this committee
is not understood to have made any posi-
tive decision in the matter. The officers
of the Washington Traction Company ar
rived in the city last night, after attend
ing the meeting with the bondholders. and,
according TO statements made by them,
no decision has been reached
One of the plans talked about yester-
day, and the one that Is understood to
have the greatest number of adherents at
present. is as follows: The bondholders
will accept in lieu of their present hold
ings 55 per cent in n new per cent bond
and IS per cent In new preferred stock.
The capital stock of the company, $12,-
OO0, 900. will be assessed SIS share. There
is outstanding of the bonds 81, 100000 and
! IS per cent Of this amount would be only
81, 10000 The interest on this amount of
per cent bonds would be only 1924. 800. or
| several Thousand dollars less than half
of the interest rate up to the present time.
| The assessment OF SIS share on the cap
| ital stock viii be sl,SoO,0OO in cash. This
The times., 1901-06-02

The other view is that all the good
things of the community of interests
plan have been discounted already in the
high prices attained by stocks. and that
the contamination OF the various deals will
be rather the signal for selling by the in
siders. The market people that take this
view say that q decline in prices is quite
time they say. is not surprising. as the
public is getting into the market. But a
continuance of the upward movement is
another matter, and one not to be thought
of, judging by any past standards. In any
event it is very certain that caution should
be exercised in buying stocks on the
bulges, as no matter how strong the mar
ket Is it is not to be expected that it will
advance all the time without reactions.
Conservative people VIII buy on the
breaks carefully, and take profits on the
advances.
The times., 1901-06-02

Washington Traction and Elec-
trio 4Jks, q. 2.0OJdG51k, I,OOOn65: American
2Zi: Capital Traction, 20dI02A, S0Dl0j;
Riggs Fire Insurance Company. 5m7k ;
Washington Gas Ift60; Mergenthaler Lin
otype, 4q177. 10H173. 10n173A, 1G9l733s.
The times., 1901-06-02
CAPITAL LOAN GUARANTEE co.
CASH TO LOAN
LOANS OF $40

AND UPWARD ON FURNITURE AND PIANOS
At lowest rates and the day you apply. We
are loaning on the Building and Lean Association
plan, which makes the cost OF carrying loans
much less than ycu pay elsewhere, and allows you
to pay it off in any sized notes you DESIRE run
ming from TO twelve months II you have a
loan with other company viii pay it
of and advance you more money il desired Rates
cheerfuIly given, and no cost to you unless loan
Is made Call and get rates. Front room, first
floor
National Mortgage Loan Co.
625 F St n W
The times., 1901-06-02

The sharp advance in Mergenthaler
Linotype in the past two or three days
has been one of the features of the local
market. The stock has been active be-
yond any recent record, both in this city
and in Boston, and the demand has Deen
so large that the price has advanced
sharply ten points or more For long
time the price hung around 165 and since
Thursday il has advanced to around l75.
The sales of the stock in the two cities
have been considerably more than 1000
shares during the week. Yesterday in
this CITY 1870 shares were sold and the
price fuctuated from lI3 at the opening
TO I74 bid at the close.
The times., 1901-06-02

lated by the professionals for the purpose
Of getting the public into the market: 1t
is entirely likely that there will be high
price level at the beginning of this week,
and that business viii be large and impor-
tant. Whether the boom Will extend be
yond tomorrow or not is somewhat in
doubt Two very distinct opinions are
heard in the street, and both are given ut
terance by careful people that are en-
titled to a hearing. one is that the dis
closures of harmony in the railway situa-
tion yesterday morning added to the other
bullish developments of the week are Of
such Importance that fine bull market
should be expected during the entire
month Of June, If not even later in the
summer. The people that take this view
say that the level of prices before the end
of the present month may be higher even
than that before the panic They predict
that the grangers will all make new high
levels, and also the Pacific securities, eX-
even these people do not expect to see
above l.G0D a share.
The times., 1901-06-02

] HAVE some money TO loan on furniture. pianos
etc, at low rate of interest," confidential JOHN
MARTIN Room 81. WaFder Bldg
The times., 1901-06-02

Corrected daily by W 3. Hihhs x Co., mer1
bers of the New York Stock Txcianse., HI0
Street
The times., 1901-06-02
WHAT IS FAIRER

MONEY LOANED salaTied people and retail mer
chants upon their without security.
easy payments ToLMAN. Room 4s. 0OS-51l q
st.
The times., 1901-06-02

II is believed will fully wipe ont the float
a railway system in excellent physical
condition, fully equipped, it would seem
that the company should be able to earn
the smaller amount OF interest from the
beginning This is the view taken by a
number of careful railway and financial
Deople and it is understood that the Of
f!cers Of the company are willing 10
promise as much, on the basis of the
present earnings of the company. 1t VIII
be seen therefore that If the plan can De
carried through the present bondholderS
are not as bad off as might be expected.
Surmises as to the probable market
value of the new securities of the COM
pany if this plan is adopted. are. OF
course. likely to be wide of the mark,
but they were heard frequently in the
street Yesterday One suggestion was that
the bonds are likely to sell at least for
50 at first, and the preferred stock at 40
Very evidently If the outlook for the pay
ment of the interest is good, so is not an
extreme price to expect. And in the same
way with the interest payment cut in two
the preferred stock is In a fair way to
receive n dividend in~time, as the earn
iugs of the system grow. This price of 80
and &c respectively would be equal TO 66
for ths. present bonds which is about the
price at which they are now quoted IL
is significant that the bonds were nrm on
the local exchange yesterday, around this
price, or a little below it.
The times., 1901-06-02

4 PRIVATE party has surplus money 10
lend on furniture or pianos at low rate. Ad-
dreSs Box 95 this office.
The times., 1901-06-02
Warrington stock Exchange.

5tal ..........s26.5 .5jl.7sl Gain 5000, 7oi 8
El Paso daily herald. (El Paso, Tex.) 1881-1901, 1901-01-23

here prominent enough and popular
enough to command great weight in
the convention at Fort Worth next
month. They will work their hardest
to get the convention to come here.
and they know how to do the business.
They only want the authority of the
chamber of commerce, the carnival as
ISOLATION, and the citizens generally to
back them up, and they will go to Fort
Worth with something in their pockets
that will make the failure of their mis-
sion impossible.
There is no time to be lost. Let the
chamber of commerce, through the
board of directors, act at once, and give
Ell Paso's delegates authority to so af
ter the convention. They will do the
rest.
El Paso daily herald. (El Paso, Tex.) 1881-1901, 1901-01-23
Ell PASO CAN HAVE THE
TEXAS STOCK CONVENTION.

There is no reason in the world why
Ell Paso should not have the next an
nual convention of the Texas Live
Stock association. This year the $3.50
citation meets at Fort Worth about a
month from this date. The associa-
tion has never met farther west than
that. notwithstanding that the stock
interests of the state are more closely
bound up with this section than with
the east.
Cattlemen who have been talked to
upon the subject by Herald represent
atives invariably express it as their
opinion that the time is ripe for the
convention to come to FL Paso. We
have seen something of the interest
such a meeting would arouse in this
vicinity, by our experience with the
exhibit at the Carnival.
There was no feature more produc-
tive of lasting good to this city than
that If the state convention could be
made to coincide in date with the next
it would be the best card Ell
Paso could put out.
The cattle men want to come here.
There are men in the cattle business
El Paso daily herald. (El Paso, Tex.) 1881-1901, 1901-01-23
WHY THE TITLE EMPEROR
OF INDIA" WAS LEFT OUT OF
PROCLAMATION OF ACCESSION

Many readers of The Herald wer'
perhaps surprised at the wording o
the proclamation by means of which
the accession of the Prince of Vale.
to the throne under the title of King
Edward VII was made known TO the
people of the realm. The omission
of the familiar title. emperor of India
was conspicuous, and it is necessary
to look back for a moment into the
pages of history to find the reason for
the omission.
About 1875, Mr.. Disraeli, then pre-
mier, began to engage in consistent
campaign to impress upon the English
people the Importance of British SUI
premacy in the east, and of making
that supremacy strikingly realistic, not
only to the inhabitants of the imperial
possessions. but also to the great pow
ers. especially Russia.
Disraeli raised what has been called
the Russian specter, the constant con-
trolling fear on the part of British
statesmen and the British people gen.
orally of Russian aggression in Asia.
The premier was not the sort OF man
to devote himself, like Gladstone, to
measures for domestic Improvement
and redress of wrong. His personal in
terest was elsewhere. He thought great
thoughts, and aspired TO do great
deeds, that should stand out in the
pages of history in blazing characters.
He dreamed of clarifying Britain in
the east. and in the exploiting of India
he saw the making of a dominant Ash
attic power out of the British empire.
For the first time Disraeli had the
power to work out his designs. He
was in the full confidence of the queen,
and his personal and political follow
ing was loyal almost to the point of
worship. He was believed in many
quarters to be in fact infallible, and
for the time Gladstone sank far in the
public estimation, while the Christian
Jew became the popular idol.
The effects of Disraeli's influence be-
gan to be heard and felt in the
changed tone of popular expression.
Public speakers and great newspapers
began to talk about the imperial des-
TIMES of the nation, the mission of
England. the imperial instinct, the |
duty of England in the east, the men
ace of the Russian hordes. and such |
things that were dear to the premier's |
heart. The conservatives began to laud
their leader to the skies, as a new
Moses, to lead the English people back
into their heritage, as the dominant
world power, from which proud place
El Paso daily herald. (El Paso, Tex.) 1881-1901, 1901-01-23

Rumors that Professor Garner. the
monkey talk man, was dangerously ill
and in distress in Africa have been
denied. He is pursuing his studies in
Similar conversation as enthusiastical-
ly as ever, and is enduring the depri-
vations and dangers of life in a savage
country with the hope of cleaning from
the chatter of the apes some slight adj
dition to the facts of science and some
slight link in the theories thereof.
El Paso daily herald. (El Paso, Tex.) 1881-1901, 1901-01-23
THE AGGRESSIVE SHEPHERD.

From the San Francisco Call.
The reports from the livestock con
vention at Salt Lake City seem to show
and the cattle men are on the run.
1t is curious illustration of the tim
idity of fixed investments. Nearly ev.
cry cattle man In the west, whether
a large or small herdsman, is land
owner. He has ranch lands and head
quarters buildings and is a taxpayer.
The flock-masters, on the other hand
| are rarely landowners. They have
the daring and independence of no
MAIDS. They drive their flocks at will
where they please. frequently in one
year making from 500 to 1000 miles.
feeding and fattening their sheep as
they go. and leaving the range behind
them bare and dusty. Recently flock
master in Wyoming, who had just sold
out his flock of 100000 sheep, boosted
that he had made a great fortune in
sheep and yet had never owned nor
paid taxes on more than fifteen acres
of land, His pasture cost him nothing,
for he grazed on the public domain
and paid the government nothing for
the feed that had made his great for
tune.
These aggressive shepherds have dis
covered that they can drive the cattle
off the range, for sheep will feed where
cattle have been, but cattle will not
oh
a sheep man opposes leasing the range
and talks highly about the need of a
free range open to all he means a
range from which he has the power to
exclude cattle. monopolizing it for
himself. These brave and enterpris-
ing nomads go further than this. for
they propose at Salt Lake to demand
a higher tariff and compel federal in
spection of manufactured goods, tag
ging every bolt of fabric to show of
what it is made. They demand also
that all forest reserves be thrown open
to sheep. We really hope that they
will not demand an inspecting officer
to overhaul us all on the street and
strip us to see if we have wooden under
with the power to imprison
us for failure to wear wool from sheep
that never cost dollar for their feed.
While these virile nomads are ask
ing for what they want. and getting
it. the timid cattle men are in dis
agreement among themselves, and
while they quarrel and higgle the
sheep men are crowding them off the !
range.
With free feed and a high wool tariff |
md disappearance of range cattle, the |
profits of sheep-growing rise, and so
ioes the price of clothing and the price
If meat. The consumers of both are
he people who own the public do
main. Perhaps they may soon demand
hat the shepherds pay them some
hing for the use and destruction of
heir property.
El Paso daily herald. (El Paso, Tex.) 1881-1901, 1901-01-23
TO ADVERTISERS.

In order to insure proper changes In
advertising. copy for same should
be at the business office not later
than 10 a. m.
ADVERTISING RATES.
Rates of advertising in the Daily
or Weekly HERALD will be made
known upon application at the bus
mess office. Those who prefer can
have a representative of the bus
mess department call upon them,
who will quote prices and make
contracts for space. Call telephone
No. lis.
Classified advertisements for locals, ten
(10c) cents per line for nrst in
sertion and five (5c) cents for each
additional insertion. Special rates
upon five hundred (500) or one
thousand Q000 lines Of local, to
be used in one month, will be fur
nished upon application.
El Paso daily herald. (El Paso, Tex.) 1881-1901, 1901-01-23

The Daily HERALD is delivered by
carrier in Ell Paso, Texas, Juarez,
Mexico, and at the Ell Paso smelt-
ing works, at fifteen cents Q5c)
per week, or sixty cents Coco per
month.
Subscribers failing to get the HERALD
regularly or promptly should call
at the office or telephone No. Is.
All complaints will receive prompt
attention.
El Paso daily herald. (El Paso, Tex.) 1881-1901, 1901-01-23

Now that the carnival is over anC
the business men of the city are abou
to get their affairs back into a norma
state, the question is. What viii
we do next?''
The Herald has erdeavored to learn
from those most interested and those
who contributed most literally toward
the carnival just closed, what they
think of having another like affair.
1t seems to be the opinion of every one
that the carnival was a success beyond
all hopes, and 4 financial success to
the city beyond the Imagination of any
one. The answer from every one seen
is: Have another carniva: and begin
on it now.
| The popular idea is to have the COM
mittee begin at once to organize a
permanent association and prepare in
| advance for something greater and
grander than the show just closed and
make it more than ever an information
al affair. To begin now will be to
avoid the delay and annoyance of or
ganiZing again, which always brings
up the question, whether or not it can
be done. Ell Paso has clearly shown
that with money and time as good an
entertainment can be had here as can
be given in any city in the country,
zens contributed their time and money
to the carnival just closed is sufficient
evidence that nothing but success can
crown their efforts.
The association is winding up its af-
fairs with cash i nthe treasury. The
amount is little it is true, but the
question was in the beginning, where
the money for actual expenses was to
come from. The association now has
about 81 500 in the treasury. Many
expense bills have been paid that could
have been avoided had the committee
known the people better, ard in the
future the same attractions can be Sc
cured for less money.
A Herald reporter called on most of
the larger contributors this morning
and every one was well satisfied with
the results of the trouble and expense
and every one said he had made ten
dollars to every one he had invested in
the carnival fund. The conditions
could not be more encouraging and not
q nan in the city, so far as could be
learned today. will refuse to double the
amount he subscribed this time.
II is unanimously agreed that the re-
suit of the carnival will be felt in bus
mess circles here for weeks to come.
besides the permanent results from the
creation of the miners association and
the cattle exhibitions. The executive
of the association meets to-
night to make a report for publication.
El Paso daily herald. (El Paso, Tex.) 1881-1901, 1901-01-23

The Japanese score the Russians Sc
verely on charges of looting, and credit
their own soldiery with the best con-
duct In China, with American and
English soldiers next to the top for
virtuous conduct
El Paso daily herald. (El Paso, Tex.) 1881-1901, 1901-01-23

Moki Tea positively cures sick head
ache. indigestion and constipation. A
delightful herb drink. Removes all
eruption of the skin, producing a per-
rect complexion or money refunded
25 cents and so cents M. A. Webb,
druggist.
El Paso daily herald. (El Paso, Tex.) 1881-1901, 1901-01-23

The Denver academy of science is
discussing whether the rattlesnake can
move backwards, ard the arguments
affirmative and negative are as posi-
tive as those for and against the ex-
istence of hoop snakes.
El Paso daily herald. (El Paso, Tex.) 1881-1901, 1901-01-23

Acker's Dyspepsia Tablets are sold
on positive guarantee. Cures heart
burn, raising of the food, distress after
eating, or any form of dyspepsia One
little tablet gives immediate relief. 25
and SO cents. NJ. A. Webb, druggist.
El Paso daily herald. (El Paso, Tex.) 1881-1901, 1901-01-23

Bishop Potters proposal to organize
a vigilance committee of five thousand
to inquire into the causes of New
York's rottenness is causing Tammany
to tremble in its shoes. Poor old
Tammany is having a hard time to
bluff through these days.
El Paso daily herald. (El Paso, Tex.) 1881-1901, 1901-01-23

The alligator crawled out Of the
depths OF his pool under the Plaza
fountain today and asked the health
seekers and tourists who hung about
his lair. rs it hot enough for you?"
El Paso daily herald. (El Paso, Tex.) 1881-1901, 1901-01-23
NOW FOR THE NEXT
Ell PASO BUSINESS MEN ARE
WELL PLEASED WITH THE RE-
SUITS OF CARNIVAL.

They Are a Unit in Declaring That the
Carnival Should Be Permanent In
stitution. and They Are in a Mood
to Subscribe Literally to a Greater
Project.
El Paso daily herald. (El Paso, Tex.) 1881-1901, 1901-01-23

If you have a stove to set up or re-
pair, drop a card to Ell Paso Sheet
Metal Works, 405 Mesa avenue or
phons 54S. Prompt attention given.
El Paso daily herald. (El Paso, Tex.) 1881-1901, 1901-01-23

Ell Paso is bigger than she was yes
terday. She has entertained real
live Dock
El Paso daily herald. (El Paso, Tex.) 1881-1901, 1901-01-23
SYMBOLS Of success

A vacant chair and a portrait on the
wall-strange symbols of success Yet,
in many a home these are the symbols
of the success of the man who did not
find time to care for his health, or neg
lected the increasing warnings of disease
El Paso daily herald. (El Paso, Tex.) 1881-1901, 1901-01-23

called indigestion, but af er tying several emil
nent physicians failed to get cure, I" writes Mr..
Frank Mericle, of Independence Jackson Co.,
Mo-, Box 473. rSome of my symptoms were
soreness in pit of stomach. fullness, tired feel
extend to bowels. Some one recommended me
to take DR.. Pierce's Golden Medical Discovery,
which did and after taking only few bottles
of Discovery and your Pleasant Pellets can
say derived more benefit from them than any
other medicine 1 ever tried. I began to gain
flesh from the start. Have recomme nded it to
others and will continue to do So"
The sluggish liver made active by Dr..
Pierce'S Pleasant Pellets.
El Paso daily herald. (El Paso, Tex.) 1881-1901, 1901-01-23

which Nature gave
him. When the
stomach is Uweak"
and food is i1nper-
fectly digested and
assimilated, it is
only a question of
time until the
break down comes.
The stomach is the
very center of vi
tai power and must
be kept in health
if sickness is to be
avoided. Doctor
Pierce's Golden
Medical Discovery
cures diseases of
the stomach and
other organs of di-
qestion and nutri-
ton. 1t increases
the supply of pure,
rich blood, and
gives the body
strength to with
stand the strain
put upon it by the
struggle for sue
cess.
rI was a sufferer
from what the doctors