davidaulloa/AmericanStories huggingface dataset:
The Washington times., 1901-09-08

Henry Clews, writing before the calam-
ity of Friday, says in his weekly letter
regarding the community of interests
plan and other market factors:
The railroads entering such arrange
ments are reaping the benefit of better
rates. which in many cases are yielding
much larger gross earnings in spite of
frequent losses in tonnage. 1t must be
admitted that railroad prosperity is up
on a substantial basis. and that with the
possibility of ruinous competition largely
eliminated, the stability of railroad in
vestments has, been greatly enhanced
Good railroad earnings are one of the
most satisfactory features of the times.
Net earnings DO not always meet expec-
tations, because of increased regular ex-
penses and the extraordinary outlays for
improvements and rolling stock, which
are being met out of current earnings
These extraordinary expenses. however
will not continue, and managers will east
ly have IT in their power to maintain net
earnings at Il level that will ensure steady
dividends. The period of change from
small train loads to big ones is rapidly
approaching completion; and. though a
costly one, will shortly benefit the com
panies In a low cost per ton per mile.
There is another very important fact
which sustains the courage of constitu-
ional bulls, and that Is the satisfactory
condition of general business. Clearing
house returns are much in excess of
year ago, which. considering the mac
tivity of speculation, is unquestionable
testimony OF trade activity. The West
tional prosperity in spite of setbacks here
and there. At times ii appears as ii the
country had reached the crest of the
wave Of prosperity; and yet the momen-
tum has been great that IL is prema-
ture to predict with any positvemess that
the turn has come. IN a few markets
the highest level and the largest produc-
tion have certainly been reached; yet 1t
seems as If other departments Of bust
ness must have their share of prosperity
before the turning point can be definite
ly said TO have been reached.
Another indication of the satisfactory
condition of business is the small num-
ber and reduced volume of business fall
ures compared with previous years. Bust
ness men are generally anticipating
good fall trade, and 1t is gratifying to
note the prevalence of tone of conserv-
atism which will tend to prevent over
doing OF the general soundness of bASi-
ness there Is no question, and thus far
there are few or no complaints of over
production.
''The above include the favorable fea-
lures of the situation upon which all talk
of a further bull movement is based. In
my opinion they are all counter balanced
for the time being by two factors. the
monetary situation and crop conditions.
Some relief will of course be had in case
of necessity from gold imports. We could
The Washington times., 1901-09-08
FINANCIAL.
common SENSE"

Should be exercised in the present unexpected
crisis. The work of the iniquitous assassin has
created temporary havoc in what was budding
market, full of promise. 1t simply pcstpones
for the time the inevitable flood tide Of pros
perity. The volatile American people will not
allow themselves to long remain panic stricken
Second sober thought will cause them TO refrain
from sacrificing their holdings. The banks are
in harmony to relieve all solvent concerns.
Clearing house certificates will be issued il
necessary to relieve the situation. Wall Streets
leading fnanciers in meeting assembled have un-
animousy decided to stand by the market in
this, its dark hour. To sell stocks in moments
of panic is suicidal Our advice to those who
long Of stocks is to promptly place adequate
lection and hold them. Buy more at the decline
IL your funds will warrant, properly margining
the new purchases also. Stocks will rise again.
We will carry customers stocks If adequately
margined at an interest charge not exceeding 6
per cent no matter what prices are recorded for
The Washington times., 1901-09-08
LITTLE FEAR OF A PANIC.
Wall Street Leaks on the Nations :
Prosperity for Support.
Opening Prices Show Declines of
From Three to Six Points-Rnilics
md Reactions Throughout the
Session - The Close Unsettled.

NEW YORK, Sept 1T is the practical
opinion Of the wisest minds in the finan-
cial community that the general busine SIS
conditions of the country are now so
thoroughly sound as to preclude actual
panic. even should the blow at the Chief
Magistrate ultimately prove fatal. The
financial interests of the country are at
the moment united to prevent undue Ge-
moralizaton in the securities markets,
and while the surplus reserves of the as
sociated banks of New York are nomi-
nally reduced to 4 few millions of dol
lars, the entire resources of those insu-
tutions and those OF the greatest finan-
ciers of the country afford bul~ark
against an unreasoning wipinS out of
values.
The weekly statement of averages OF
the associated banks was unfavorable be-
yond all previous estimates. The loss in
cash was l,500, of which over $780,
600 was in specie and about S.455,oeO in
legal tenders The net result was de-
crease in the surplus reserve of S5.voi,o5o.
Incidental to the reassuring statements
made by TIE leading bankers and capi-
talists who attended the meetings of the
clearing house committee today, it was
reported that practical measures had been
be Immediately available in the money
market in case of emergency on Monday.
Undoubtedly the United States will use
as fully as may be necessary its large
credits abroad to draw such gold from
Europe as might be required TO relieve
stringency in the money market. should
ii develop as a result OF the movement OF
the crops
The dealings that were recorded agg-e-
gated approximately $4,000 shares for the
two hours of trade. Union Pacific COM
mon led in point of activity with over
S3.OOJ shares. followed by Erie common,
with 1900
Opening prices in many of the standard
shares showed declines Of 3 to points,
as compared with the closing figures OF
Friday BY the close of the first hour
partial rallies occurred all along the line.
but the market was unsettled and reac-
tions followed, too. and in many cases be
low the early lowest points The market
closed weak, many stocks showing net
losses. Some of the more important We're
St Paul, 5ia; Brooklyn Rapid Transit,
6k; Baltimore and Ohio. 6sa: Atchison
common. Rock Island, and Metropolitan
Street Railway 5is; Union Pacific and
Missouri Pacific, So. and other losses in
the railway list ranged from 4 to a.. per
cent. the last in Manhattan Railway.
In the industrial list the United States
Steel stocks were active and closed 3ss
and 39s points lower. respectively. for the
common and preferred. Amalgamated
Copper came next with n net loss of
points. Consolidated Gas. on sales of =
400 shares. declined points net. Other
material net losses were in Sugar Refin-
ing and Tennessee Coal and Iron. So. and
Pfrpie's Gas, 80 per cent, the last on
light trading.
'The railway bond market was fairly
active and sympathized with the depres-
sion in the stock list. This was also true
of the curb market All of the securities
ma rkets closed unsettled.
The Washington times., 1901-09-08

The position of the Chicago Great West
ern In the railway situation of the West
Is one of supreme interest. More than
any other of the lines not now directly in
the control Of the large interests 1t is po-
tentially a menace TO the community of
interests plan. There are many careful
people that take the view that the securi-
ties of the company are likely to have a
good advance because of this condition of
things. The earnings of the company, as
exhibited by the annual report just pub
lished. do not show up as well as some
people had hoped. but the fixed charges
Of the company have been materially re-
duced during the past year by refunding
operations and the financial condition of
the property is undoubtedly eminently
sound
The Washington times., 1901-09-08
Comment on the Probable Effects OF
the Shooting of the President.

LONDON, Sept although this is
holiday. the probable financial effects Of
the attacks on Mr.. Mckinley were "a gen.
eral topic of conversation. At the start,
the view was unfavorable. 1t was re-
called by many that the effect of the
ssassination of Garfield on the stock
markets was small; out against this.
IT is alleged that there is still a good
The Washington times., 1901-09-08

Increase. Decrease. xUnlisted.
Total sales. 905,301 shares.
The heaviest Transactions occurred in Anal
gamated Copper i3. 500 shares; Atchison common.
600 shares; st. Paul, 81 100 shares; Erie COM
mon, 64,j00 shares: Pennsylvania 80 500 shares;
Southern Pacific. $500 shares; Southern Rail-
way, $500 shares; Union Pacific 81 100 shares;
Steel common. 300 shares, and Steel pfd., 81
100 shares.
The Washington times., 1901-09-08

The statement is as bad as was expected
by the most pessimstic, showing an
especially heavy decrease In cash, over
100000 and a decrease of half that
amount in the surplus reserve, and cut
ting down the surplus to less than
$7eg0,G09. The decrease in loans pre-
vented the statement from being much
worse than II was. 1t is supposed that
this decrease was caused by the settle
ment Of loans made to Philadelphia a
week ago.
The Washington times., 1901-09-08
Government Bonds.

During the interval until the opening of
the stock market tomorrow morning the
financial leaders of the country will be
kept in close touch with all the news re-
garding the condition of the President.
They VIII hold frequent and important
consultations, without doubt, in prepara-
tioa for any possible contingency in the
strox market. Not only NAV the stability
of the market depend on what they NAV
be able to do in its support tomorrow and
later this week. but in far wider field
the success of some OF the most important
plans In railway history. and even the
general prosperity of the country itself.
There are conditions both general and
technical which are entirely favorable to
their efforts. These and other conditions
hinder If they do not defeat them. The
fine prosperity of the country. proven so
conclusiyely by the trade reports, the
earnings of the railways, the export sta
tistics. the bank cearings, furnishes the
best OF basis on which the financial lead
ers may work. The fact that the floating
supply of stocks is small at the present
time and that the important people are
immense holders is an element of strength
Of the utmost Importance.
On the other hand. the money conditions
in New York are threatening. The bank
statement yesterday was further convinc-
ing of this, with very heavy loss of
cash and consequent decrease of IS ,0g0-
600 in the small surplus reserve. The GER
tainty that the West and South Will
quire much money during the coming
month for the movement of their crops
under ordinary circumstances would fur
nish a very strong argument that the
market would be weak. The very danger
of this in the present crisis viii cause the
banks to use every precaution and to aid
the situation I'm every way possible. 1t
would be possible, for instance, to secure
gold from Europe Immediately If il were
necessary by the payment of the small
difference between present sterling eX-
change rates and the rate at which II Is
profitable to import gold ordinarily. As
an extreme measure, too, the issuance OF
clearing house certificates might be re-
sorted to. There We're rumors that this
course would be taken yesterday, but ap-
parently they We're without foundation,
as when the special meeting of the clear
ing house committee adjourned IT was an
nounced that no action of any kind had
been taken. on the whole the outlook is
extremely favorable for the market and
conservative people were saying last night
that little further break should be ex-
pected tomorrow or later.
The market yesterday was all OF one
piece. AT the opening prices were off an
average of three points in the active list,
probably. There was support to the list
then and for time a recovery seemed
not unlikely. The food of selling orders
continued TO pour in from the public
however, and the insiders finally con-
tented themselves with taking all the
stock offered, but not bidding for any, or,
apparently, attempting to hold up the
The Washington times., 1901-09-08

level. The declines were resumed before
the bank statement appeared and after
the figures of the statement were known
there was a sharp break all over the list.
The close was at or near the bottom
prices and from to points off net from
the Friday close. AS far as could be
judged the two floods of orders were each
almost homogeneous. the buying being for
the inside and the selling for the public.
There was some short selling for the
professionals and for the commission
houses. If the condition of the President
Is improved by tomorrow it is said that
the leaders will attempt to open the
stock market at a higher level and to
advance prices steadily. If worse news is
received a break will probably occur at
the opening but in any event the leaders
are said to intend that the trend of
prices shall be upward after the opening.
II remains to be seen If these controlling
interests will be able to control
The Washington times., 1901-09-08

The unstable character of such stocks
as Smelters and Amalgamated was demon
strated again yesterday by severe breaks
in both.
The Washington times., 1901-09-08
Railway Earnings.

NEW YORK, Sept. 7.-Following were
important railway earnings statements
made today:
Cross for the fourth week of August:
The Washington times., 1901-09-08
CASH TO LOAN

ON FURNITURE, PIANOS, ETC,
without removal from your possession and in any
amount from 80 to $500. Our rates are the
cheapest. and you can make your own terms
Loans made within three hours from the time
ycu apply. We loan for the interest only. and
do not want yorr goods, so you need have no
fear of losing them. Our Offices up the
fifth floor, away from the street. and are 50 ar
ranged that ensure strictest privacy. Drop
in and get our rates
POTOMAC GUARANTEE LOAN CO.,
92s-930 ST.. NEAR 9th n W. go
Room "a. Atlantic Building.
Take Elevator to Fifth Floor.
The Washington times., 1901-09-08

draw draw considerably upon Paris; exchange
being already about a point from the i'm
porting point We are also receiving mod
erase err; ;tes sums m from thesktendike though not
sion upon the money market. 1t must be
remembered that prices are high and that
larger sums are needed to move the same
amounts of products or securities No
prolonged bull movement can be expected
until easier conditions prevail in the
money market, and this can only be ac-
compltshed by either further liquidation
in stocks or waitine-sntil the crop de-
mands have been satisfied
The crop situatiGn>eis decidedly better
thdn one month ago and corn seems to
have made considerable gain in condition;
so that estimates of yield have been fur
ther raised. 1t is late corn, however, that
is depended upon for recovery and early
frost would be-very injurious With late
or even 1,5c} millions. The yield of cot
ton also depends largely upon a late frost
owing to the damage in Texas from
drought"
Reports to r. G.. Dun * Co. show that
commercial failures in the United States
during August numbered 500, with an as-
Eregate Indebtedness of S9,l5S,S6 against
135 in the same month last year. when in
solvencies footed up only s7.323,9O3 In
manufacturing lines there were 1888 de-
faults for $i.6ll.S compared with ia
concerns owing S2.9i5,607 in 1900. There
Were 5I5 traders with debts of si,1741G.
against SO owing S35S5.667 n year ago. OF
brokers. transporters' agents and others
not properly included in either of the
two principal divisions there We're but
thirty-five failures for s6i2S94, compared
with fortytwo last year owing 1872. SO. OF
banking, insurance, and other fiduciary
institutions. seven insolvencies occurred
with liabilities of Si66.0oG. while in August,
1900. only two similar houses suspended,
owing Sl46,00G.
Liabilities of commercial failures each
month this year compared with the last
two years are given below
The Washington times., 1901-09-08

MONEY TO LOAN personal security, real
tate or personal property; long short time;
in sums to suit. JOHN C. DAVIS, Attorney at
Law sos 4 ST NV. e1-S
The Washington times., 1901-09-08

HERE IS your opportunity to procure a loan
on YOUR furniture or piano from private party
at a low rate. Address BOX 95 this office.
The Washington times., 1901-09-08

MONEY TO LOAN ON APPROVED COLLAT
ERAL-No delay. CHARLES A. BAKER, Rooms
40 and A. Me,zerott Building ITO + st.
The Washington times., 1901-09-08
MONEY WANTED AND TO LOAN.
DID YOU EVER

Stop to think that It is only question Of time
until you will lose your mind with the lot Of
small creditors who constantly botherinS
you? Pay them all off at time; will loan
you the money to do it with. and the system
We have for paving the money back will please
you.
EVANS & COMPANY,
701 G ST. n W,
ROOM 8. First Floor Rear. Opp. Patent Office.
The Washington times., 1901-09-08

Malaria. Chills. and Fever
Quickly cured by taking Elixer Babek-
The Washington times., 1901-09-08

Money to lend on furniture and
pianos: lowest rates MASTERS t&
CO.. Room III, Warder Building.
The Washington times., 1901-09-08
THE EUROPEAN MARKETS.

Burl.. c. r. &N..........S3 So 272, 100 s3.O2l 81
Grand Trunk nk..............1stO7 tO7, sic II ,627 IL
The Washington times., 1901-09-08
LOANS OF $40

MONEY To LOAN at 3la to per cent. in sums
Of 81 OO9 to $1,000 d. c. real estate; pay off
and per cent mortgages and begin anew; all
transactions conducted with economical consider
aation for borrowers. WM- II. SAUNDERS & CO.,
l.17 st. NV.
The Washington times., 1901-09-08

Among the coal securities there are 9TH
er bargains if the experts are right in
their conclusion that the coal trade is In
n most fiourishing condition and the earn
large increases. The Southwestern stocks
are looked upon with favor by many be-
cause of good earnings and the prospect
of an early deal"
The Washington times., 1901-09-08

Union Pacific preferred stock is espe-
cially attractive to the ultra conserva-
tive, with an immense surplus earned
over both the preferred and common stock
dividends. The stock sold off to 81 yester-
day. The common broke to a.
Fergus County argus. [volume] (Lewistown, Mont.) 1886-1946, 1901-09-04
Eating n Living Or.

Only the very few among us run eny
risk. In the course of u peregrinations
and ylclssltudes, Of being invited to
such Objectionable dinners as 1t was
the lot OF Bruce, the explorer, to eat.
Such very nasty feeders rs the Abys-
sinians of his day are becoming x
tinct. Fancy sitting down to table and
seeing the meat walk alive into the
room! That was their custom. And
they ate II alive. too, the brutes!
The wretche1 OK was tied fast, head
and legs, and then, by a delicate in
cision on both sides of the backbone,
near the launches, the attendants were
able to strip its skin away, TO enable
them TO cut slices from the poor ami
NAL again and again without touching
an artery. The guests ate the meat
raw and qulvcring to the music of the
roars aud believing Of pain of the OK
of which II was n part.
This Is hideous, and even the least
particular Of men may be excused fol
Sinking an experience Of the Kind.
Fergus County argus. [volume] (Lewistown, Mont.) 1886-1946, 1901-09-04

Shortly after tie Chinese exclusion
act was passed the secretary Of state
received a letter from Pennsylvania,
signed by n Chinaman. The writer
said that he had been Interested in
this legislation aud that he fell within
the conditions of this act. He had
come TO this country under false pre-.
lenses, and hence he should be deport-
ed Immediately. The request was so
strange that the secretary OF state or
dered an Investigation. The agent re.
ported a few days later that the Chi.
naman's statement about the way In
which he entered this country was cor,
rect and that he should be deported
There was Just n drawback to this
programme. however. The Chinamau
had been convicted OF murder and sen
fenced to life Imprisonment.
Fergus County argus. [volume] (Lewistown, Mont.) 1886-1946, 1901-09-04
A bird with Four Feet.

This little creature, still to be found
I'm South America, is n relic of bygone
ages. II is known as the crested hoat2in,
and the adult bird Is about rs big as a
peacock.
The young birds, when hatched, have
four legs, the front pair being reptilian
I'm character, and have strong claws. As
they grow older these claws fall or,
the legs become fattrncd. feathers
grow on them, and they develop into
wings.
These nestllngs are the nearest ap.
proach to a reptile that can he found
among birds. and they can climb and
dive and swim with great facility.
Fergus County argus. [volume] (Lewistown, Mont.) 1886-1946, 1901-09-04
Ding Mind, Not Holes.

"There used to be n famous charac.
ter in our part Of the world named
Frank O'Connor," said 4 Cincinnati
man. land the stories of bis doinCs and
sayings still form n large part Of the
staple anecdotes Of the country which
he used 10 pormeate.
zone Of his stock expressions las
passed from local 10 national use. If
any one did a particularly clever thing
or said anything that especially struck
him, O'Conuor would say, That shows
almost human intelligence and now
when far aud near | hear that express
sion used it conjurcs up memories Of
my genial old friend.
"up in Ontario at ono time III fortune
compelled O'Conuor to accept n job on
a farm, whore n friend one day found
him, the sweat pouring OFF his brow
aud a spade in his hand. Hello
Frank" he unkindly called. Are you
doing very well digging out ~postholcsy
I'm not was the tart response Of
O'COnnor, who was nothing if not lit
eral, I'm digging out mud aud leaving
the hulcs.'"
Fergus County argus. [volume] (Lewistown, Mont.) 1886-1946, 1901-09-04
A Certain Dnke and nm Unccrtnin
nnN.


A certain duke, while driving from
the station To the park on his estate TO
inspect q company Of artillery, obsery-
ed n ragged urchin keeping pace with
the carriage at his side. His grace,
being struck with the cleanliness of
the lad. asked him where lie was CO.
ing. The lad replied:
ITO the park to see the duke and So
gers"
The duke, feeling interested, stopped
his carriage and opened the door TO
the lad, saying he could ride TO the
park with him.
The delighted lad, being In Ignorance
of whom he was. kept his grace inter-
estcd with quaint remarks till the park
gates were reached.
As the carriage entered Il was salut-
cd by the company and guns, where
upon his grace said 10 the lad:
snow. can you show me where the
duke isE'
The lad eyed his person all over,
then. looking at the duke, replied quite
seriously:
well, | dunno, mister. but it's either
you or ~mc"-Sparc Moments.
Fergus County argus. [volume] (Lewistown, Mont.) 1886-1946, 1901-09-04
TIMBER LAND. ACT JUNE 3, Is7s-N,

TIMBER LAND. ACT JUNE 3, ls7s-No.
| tlce for Publication United States Land
Office. Lewistown. Mont. Sept. 3. l1l.
Notice Is hereby given that in compliance
with the provisions Of the act of congress of
June 3. 1875. entitled. IAN act for the sale OF
timber lands in the states Of California. Oregon,
Nevada and Washington territory" as extend
ed to all the public land states 10y act OF August
1. lsg2. Dan j. Bryan OF Kendall. Coun-
" Of Fergus, state Of Montana. has this day
filed In this Office his sworn statement No. n,
for the purchase Of the neA nell. of section
No, :, in To- No. II H. No. lse. Montana 7: NJ
and will offer proof to show that the land
sought Is more valuable for It's timber or stone
than for agricultural purposes, and to establish
his claim To said land before the register and
receiver Of this Office at Lewistown, Mont,
on Saturday, the 9th day Of November, 100.
He names as witnesses:
Charles Beulon, Frank Samples. of Deer
field: Matt Gilant, Barnard Mcdonald. of Ken
dali. Mont.
Any and all persons claiming adversely the
above described lands are requestedto file Their
claims In this Office on or before said 9Th day
of November. 1901.
EDWARD BRAssEY, Register.
First publication Sept. 4.