davidaulloa/AmericanStories huggingface dataset:
The Manitowoc pilot. [volume] (Manitowoc, Wis.) 1859-1932, 1901-10-17
a Stroke Of
Diplomacy ~
BY JOHN X. LEYS

.nEV. SEPTIMUS D'OYLE1 was
n without any special advantages
Of birth, fortune or intellectual abili-
ty; yet Il discerning person might have
predicted with safety that he would
rise in the world He had good adj
dress, plenty of assurance (decently
veiled). and the outward appearance
of a gentleman. But, more than this,
he was a man of resource, as this story
viii show.
Very early in his clerical career Mr..
D'Oyley had recognized the fact that
the estimation in which a curate is
held largely depends on the fact of his
being unmarried Married curates, he
observed. were invariably "hulfd an
cuff'd an disrespeckit'-at the most
they got newly-created parishes, with
large working-class population, and
an endowment of 600 per annum.
And independently of this considera-
ton, Mr.. D'Oyley knew his own value
in the marriage market too well to
dispose Of himself in a hurry.
After he had been some years in the
diocese of Brampton, Rev. Septimus
D'Oyley threw up pleasant and we'll
paid curacy in order to obtain less
conspicuous and less lucrative post in
the sleepy old town of Market Ded-
ham. This looked like a retrograde
movement. But Mr.. D'Oyley knew
very well what he was about. The
bishop of Brampton, now quite an old
man, was doing away the last years
Of his life at Bishops Tilton, only a
few miles from Dedham. It could not
be long. so argued Mr.. D'Oyley, before
Bishop Dewiap resigned, or was gath
cred to his fathers; and if an ener-
getic, middle-aged man came into his
room, the clergy at Market Dedham
would be we'll within the sphere of his
coguizance.
What the curate had expected actu-
ally took place. DR.. Dewlap departed
this life: and Rev. Gregory Smiles
reigned i'm his stead. The new bishop
of Brampton was a married man; and
The Manitowoc pilot. [volume] (Manitowoc, Wis.) 1859-1932, 1901-10-17

with confidence. Sugar rose TO within
seven roints of the opening figure.
Then came the final disaster. 1t was
announced that John NJ Rockwell, the
great capitalist, and Hiram Haven,
the sugar magnate, also were missing
simultaneously, word was received
from Philadelphia that none of the
gentlemen mentioned had been at the
Hotel Lafayette, and that the dis
patch was bogus, having been sent
out by a commission house which took
this method to recoup some of it's
losses. In the crash which followed
several houses went to the wall Then
holdings were thrown on the market.
Sugar dropped an extreme 40 points.
Other securities suffered in proper
ton. A man stood in the middle OF
Broad street and blew his brains out.
Staid old investment stocks which had
regularly paid dividends for years
dropped five points between quota
tons. Sugar fell II points on sale
of 400 shares, and did not steady itself
for ten minutes, during which time
it was worth $35 a share less than it
had been those few minutes before
Once more it was Street e. Rogers
to the rescue. For two days they
had been selling on good news and
buying on bad news. Again their
brokers stood in the breach and
bought sugar, B. & o., st. Paul, Jer-
sey Central, Metropolitan and Steel
and Iron from men who seemed will
ing to give it away, When the gong
sounded at three o'clock, the signal
that this awful day Was ended on the
Stock exchange, these brokers We're
yet surrounded by swarms of men
frantic in their efforts to sell stocks
at any prices. 1t was midnight be-
fore the lights went out in the offices
of Street & Rogers. Scores of bag
gard men arranged private settle
ments on terms which would permit
them to remain solvent.
The profits of the unknown princi-
pals or syndicate represented by
Street q Rogers, of New York, Nor
ris & Houser, of Boston, and Wright
& canning Of ChicaGne were conserva-
The Manitowoc pilot. [volume] (Manitowoc, Wis.) 1859-1932, 1901-10-17

Shortly af +r one o'clock brokers
in the employ of Street & Rogers
Jumped into the market as buyers.
in the first hour Of the session. hc-
fore the break came, it was estimated
hat they had sold not less than 100000
shares, and Kent brokers had sold
fully 100000 more. The total sales
Tor the first hour reached the ur,
precedented total of 1,2SO,000 shares.
From II until one o'clock therepresent-
atives of Street & Rogers did nothing.
They then began to take some of
The stock as it was offered. They be-
came the center of riots. Men fought
like fiends to sell them stock. In
spite Of their support the offerings
were so numerous that prices still de-
clined. They bought sugar in 10000
and 10000 share lors. In an hour
Street G. Rogers had covered 10000
shares.
Two papers appeared with extras
containing a dispatch from Philadel-
phia stating that Messrs. Morton, Car
mody, Pence and Kent were in con-
terence at the Hotel Lafayette. 1t
related with great eXplicitness that
they were considering the details of
a gigantic railroad combination, and
the articles contained a brief inter
view with Mr.. Morton in which he
refused to discuss the objects of the
meeting, but regretted that the public
should have become alarmed at the
secrecy which had been deemed neces-
sary. The same news was spread
through the brokerage and commits
sion houses by the news agencies and
came out on the tape,
The effect was electrical The mar
ket rose by jumps and bounds. Ev-
cry one seemed rushing to cover, but
the squirt was short-lived. When the
market had advanced an average Of
ten points, Street & Rogers and Bos-
ton and Chicago interests turned
heavy sellers. They threw the stock
they had accumulated at the bottom
figures right and left. They found
plenty of purchasers. The Philadel-
phia dispatch was so good it must be
true. 1t sounded natural, and was n
logical reason for the absence of these
men. At two o'clock the market was
firm and slowly advancing notwith-
standing the vast offerings from
Street & Rogers. At 2:30 Wall street
was growing optimistic. 1t regarded
The selling as profit taking, ana bought
The Manitowoc pilot. [volume] (Manitowoc, Wis.) 1859-1932, 1901-10-17
lively estimated at 5240OO. ONE7.

lively estimated at 42400O,0oN.
But they We're yet in a precarious
situation. Shrewd Judges calculated
that these houses were long" on
stocks to the extent of fully 100000
shares. In the existing state of the
market. with the panic in full sway,
the profits might disappear in the
torrent of holdings which were being
thrown overheard. The experts fig
ured that the unknown syndicate had
sold 100000 shares on Friday, Satur-
day and Monday, and during the early
part of Tuesdays session. They had
covered 100000 shares on the big break
which announced the disappearance
of the capitalists. Their average profit
was estimated at $40 share, or Sl2,-
100000. On the rise following the
bogus dispatch they had sold 100000
shares, making Il total of 900 shares
for which they were short" They
covered this, according to the best
judges, at an average profit of $25 Q
share, or $15,0O0,0O This was done
during the panic which followed the
disappearance u Joln W. hoCh"ell
and Hiram Haven, and the disclosure
of the bogus Philadelphia dispatch.
This made their total profits $27,000,-
900, but they had purchased an add
tional 100000 shares. which at the
closing figures showed a loss Of about
three points, or 100000. The syn
dicate was therefore SPA 900, 900 win
ner, with 100000 shares yet in their
possession, which must be sold in a
market that seemed shattered beyond
hope of repair.
The members of the firm of Street
a. Rogers gave out no figures and re-
fused to name the men they were rep.
resenting. They stated that they had
considered the market overbought,
and had sold stocks in anticipation Of
bad news had found them in situa.
ton from which they could not help
reaping an enormous advantage. They
had simply taken profits on the va
rious movementS of the market, and
did not share the apprehensions of
those who feared for the safety OF
the missing men. Mr.. Street declared
that prices were too low at the clos.
ing figures, even II 10 were known tina:
the worst had happened. Intrinsic
values could not be permanently az.
fected by the fate of individuals, and
he advised buying on any further d..
-H-,-s
The Manitowoc pilot. [volume] (Manitowoc, Wis.) 1859-1932, 1901-10-17

was blessed with five marriageable
seen, it was not long before he had
an opportunity of bringing himself
under the bishops notice; and, as he
had likewise foreseen, the superior cut
of his long black coat, and the superior
polish of his manners made certain
impression on his lordship's mind
Mr.. D'Oyley was asked to garden par
ty at the palace. and he made such
good use of his time on that occasion
that before long he was invited TO the
palace a second time. He then con-
trived to be employed by one of the
bishops chaplains as a sort of unpaid
assistant; and thenceforward his
progress became easy.
Before DR.. Smiles had been six
months AT Bishops Tilton Mr.. D'Oyley
had cOntrived to be on terms of sym
pathetic friendship with Ernesta, the
bishops third daughter. She had con.
fided to him her preference for the
Sarum Use; he had told her with a
sigh that the low tone Of the diocese
was a great cross to him. In short
they understood one another. But
Ernesta knew very well that for her
to marry a penniless curate was out
of the question; while the clergyman
never dreamt Of wedding portionless
girl, as the third Miss Smiles certain.
ly was.
Matters were in this position when
the diocese was startled by the news
that the rector of E~tchley had sud
denly died. Now, Ditchley was one OF
the plums in the Brampton pudding
Mr.. D'Oyley had no occasion TO look
1t up in Crockford. He knew all about
it & 800 per annum, and house;
patron, Lord Cuddesly
For some time the curate of Market
Dedham sat bordering. Then he got
up and rummaged out an old universe
ty calendar and by-its help discovered
The Manitowoc pilot. [volume] (Manitowoc, Wis.) 1859-1932, 1901-10-17

the wings of the cyclone. Staid old
floor of the exchange for months
rushed hatless through the streets and
hurled themselves into the crazy mob.
The 60 acres of the financial dis
trict was a Bedlam. Men tore papers
from the hands of newsboys and rushed
away without paying for them. he
widest rumors, if of evil purport. be-
came certainties. The word went
down the street that a great bank
had closed its doors. There was no
fragment of truth in the statement,
but it was accepted as an unques-
toned fact. II was charged that the
great enterprises in which Carmody,
Pence and Morton were concerned
were insolvent, and that these men
were in secret conference, en;ieavhr-
ing to arrange a compromise with the
creditors. Mr.. Kent was regarded as
the Spectator who had been intrusted
with this newsstand commissioned to
use it to recoup some of the losses.
The evening papers were flooding
the city with extras. The news was
so stupendous as to confound the
genius OF the designers of headlines.
There was neither space nor type s1tfi-
Gent to depict their emotions. But
the imagination of the reporters was
equal to the crisis. In bewildering sue
cessicn the millionaires were kid
mapped, lured away, and murdered by
anarchists; had committed suicide, or
reposed safely in the bosom of their
families.
At one o'clock sugar had dropped
25 points, Baltimore q Ohio IS points,
ST. Paul ii points. Metropolitan 80
points, Jersey Central Il points and
Steel and Iron 21 points. The stocks
in which the missing men were not
known to be interested withstood the
shock with smaller losses, but the
whole list was mutilated almost be.
yond recognition. The news had
reached London too late t. permit
English operators to cover in that mar
ket. and the cables bore the tales Of
their dilamrna
The Manitowoc pilot. [volume] (Manitowoc, Wis.) 1859-1932, 1901-10-17
DARKNESS AND DAWN.

AS seamen from a distant land
Lean silent on a vessels side,
Shading their eyes with sunburnt hand
AS slowly drifting with the tide,
Turn soft-eyed as they dmly trace
The smoke rise from the roofs of home,
Whilst sheer across the ocean waste
The sinking sun lit UP the foam:
When dropped the dark, uprose the
breeze,
And they their fitful duties piled,
When morning dawned, the curling seas
Had rolled them to the harbor-side:
So, oft in life a vision falls,
Dream-born, athwart the ways of men,
OF summer lands and golden halls
Trauscendent in their beauty-then
Falls down the dark Of mind distrest;
Yet vaguely trust they in the hope
That, through the doom of darkness blest,
They with their omens i'll may cope:
When morrow's dawning comes. they find
All golden is the land around.
Darkness had fallen; but nights wind
Waited them to their Dreamland's
ground.
Robert w. Buffers, in Chambers Jour
nal.
The Manitowoc pilot. [volume] (Manitowoc, Wis.) 1859-1932, 1901-10-17
living of DffchIey."

living of DItchley.
"Well, what of that? You haven't
come to ask for it, have you? For, Ii
you have, you won't get it."
perhaps your lordship would kind
ly hear me for one moment"
81 don't know your name even. Who
are your"
perhaps / had best describe myself
as the son-in-law of the bishop of
Brampton."
"What! The bishops son-in-law!
l didn't know he had another daugh-
ter. Why, how many has he alto
gether?"
Five, my lord; but the marriage has
not taken place yet"
"Oh, / see! Son-in-law elect; and
the bishop doesn't like to give you
living himself. Is that about it, eh?"
Mr.. D'Oyley smiled respectfully, and
looked down.
"Well, | don't know that have any
reason for going out of my way to
oblige the bishop"
at is hardly going out of your way,
my lord suggested the curate. ut
is as easy for your lordship to present
one name to the bishop as another"
Il know that well enough. But the
bishop-he has a vote in the house.
hasn't he?'
certainly, my lord; and il I may
say so without offense, | am certain
that mere ordinary feelings of graft
tude for so marked favor bestowed
on one of his family would constrain
the bishop not TO oppose your lord
ship on any public occasion"
"Hum! That's true. Couldn't ask
for a promise, of course. You're to
marry lis daughter. are you?"
II hope so, my lord That is, the
particular time of the marriage de-
ponds on whether ] am presented to
the Ditchley living or not"
"You couldn't marry without liv-
ing, eh?"
Frankly, my lord, we could not"
Lord Cuddesly pondered for a mo-
ment or two.
by the way, Simmons, my lawyer
and man of business, had talk with
your father-in-law in posse about this
very subject, only day or two ago,
Your name wasn't mentioned at ALL"
"Of course not, my lord. The bishop
could hardly put forward a claim on
behalf of one of his own family
through an intermediary, too"
No; | suppose not. You can tell
your future fathcr-in-law this. how
evcr-that when the deceased wife's
sister bill comes ON, III be glad of his
vote--or if he can't vote for it, he can
have bad cold, and stop away from
the house"
From this day MIR. D'Oyley under
stood that his diplomacy had gained
the day. Aud to the surprise ot every
body, the curate Of Market Dedham
became at one and the same time the
husband of Miss Ernesta Smiles and
the rector OF Ditchley.
His great aim at present is to pre-
vent his patron and his father-in-aw
from meeting, and asking each other
undesirable questions,-Town and
Country.
The Manitowoc pilot. [volume] (Manitowoc, Wis.) 1859-1932, 1901-10-17

Good specimens Of old Japane sc work
form an investment which is more Sc
cure and more certain to be prof.
liable than that in any other
kind of art production, according
to authorities in art valuation.
Fashions in pictures, in old books
in prints, in European ceramics
change. Moreover all these things can
be perfectly initiated continually. But
it is absolutely certain that the fine
specimens Of japanese work will in
crease enormously in value within
few years. Fewer and fewer of them
will appear in the market, and, as has
been said, they cannot be reproduced,
The Manitowoc pilot. [volume] (Manitowoc, Wis.) 1859-1932, 1901-10-17

Frederick Upham adams has given to
the world in his THE Kidnapped Million
aires published by the Lothrop compa-
ny, Boston, one of those stories that both
please and instruct, and yet which sell
dom rise to the point where they ere
classed as great literary productions. The
story IS laid about Wall street and hinges
upon the panic of few weeks ago. For
characters the author has selected Wall
street mil'ionaires, newspaper editors and
reporters, sailors, and a pretty girl. One
of the younger generations of millionaires
Is suffering from a mild form of dementia
and while in this condition entices other
influential hnanciers aboard his yacht and
then carries them captive to a point on
the coast Of Mexico from which they can
not escape. The remainder of the story
Is woven about the efforts of New York
newspaper to find these captive million
aires and their final return. The book is
interesting not so much because of the
plot, but because of the clear insight the
author gives his readers of the business
methods of Wall street In this he thor
oughly understands his subject and
handles II with a vivid description that
carries with it both interest and instrrc-
tion TO the lay reader We reproduce be-
low, with the permission of the publish
ers, the chapter in the volume descriptive
of the scenes on the New York stock ex-
change during the Cay of the recent panic
there:
The Manitowoc pilot. [volume] (Manitowoc, Wis.) 1859-1932, 1901-10-17
WHAT happened on this famous
Wy Tuesday has been lightly

WHAT happened on this famous
wv Tuesday has been lightly
touched on in the opening chapter of
his history The morning papers had
tevoteG considerable space to the
bear furry" in Wall street. There
we're guarded illusions to the coup
performed by Mr.. Kent, who had con-
fncted his operations with little at
tempt to disguise his attitude. His
rofits were variously estimated at
from S750,00o to 100000 and it was
strongly intimated that he would live
TO regret the unwarranted scare he
had precipitated. The Record had
an illustration proving that if Mr..
Kent's winnings were in 81 bills they
would make a package three times
the height of the Eiffel tower, and
that it would take two express cars to
hold them.
This pleased the public, and recon-
ciled them to the losses which had
been sustained by the small speculat-
ors.
On the preceding evening the ex-
citement on the Stock exchange had
been transferred to the big hotels and
fashionable cafes uptown. The more
important spectators made the cir
cult of the hotels and clubs in search
of the financial giants of Wall street.
Such as were interviewed professed
utter ignorance of the cause of the
decline. Mr.. Kent was not to be
found at any of the places he was wont
to frequent and several anxious fol-
lowers called up his residence by tel
ephone, but were told that he had not
yet arrived. Mr.. Morton did not make
his usual appearance at his favorite
club. The morrow was anticipated
with dread by those who had trailed
In on the much-heralded boom.
On the following Tuesday morning
London ignored the New York break
in prices and opened strong. Chicago
and the speculative west looked on
it's splendid crops and telegraphed
buying orders in generous volume.
The galleries around the trading floor
The Manitowoc pilot. [volume] (Manitowoc, Wis.) 1859-1932, 1901-10-17

Albany, n. y, claims the honor Of
having made the hrst carriage manu-
featured entire in this country Sew
eral were built in the year 1914, and the
event was duly noted at TIL time as an
evidence of the spread of United States
a,,tarpriSne
The Manitowoc pilot. [volume] (Manitowoc, Wis.) 1859-1932, 1901-10-17
ne ,yns Considerate.

Papa, Mr.. Spooneigh has asked for
my hand"
Well-er--daughter, Mr.. Spooneigh
is very nice young man, and as
have nothing against him, I'll save his
life"
"Oh, papa!"
"By refusing. "-Denver Times.
The Manitowoc pilot. [volume] (Manitowoc, Wis.) 1859-1932, 1901-10-17
Big Enough.

GroganI made up my mind |
wouldn't stand it any longer; so /
just put my foot down.
Timility (glancing at Grogan's No.
1D-And that, of course, covered the
ground Boston Transcript.
The Manitowoc pilot. [volume] (Manitowoc, Wis.) 1859-1932, 1901-10-17

Concerning the Play.
Sbe--Was there any plot in thai
French farce?
He--E-r-none to speak of.-Puck-
The Manitowoc pilot. [volume] (Manitowoc, Wis.) 1859-1932, 1901-10-17

Thus closed the most memorable
day in the history of Wall street.
The Manitowoc pilot. [volume] (Manitowoc, Wis.) 1859-1932, 1901-10-17
The Wall Street Panic.
By Frederick Upham Adams.

OBSERVATION-DISCLOSURES
The Holly chieftain., 1901-05-17
The Cup Racer.

The Boston Herald, published in
that section Of New England where
the yachting spirit is always at the
highest pitch, says there is less in
terest shown this year in the coming
conflict for the America cup than ever
before. and that the same is true of
the feeling abroad This is not be-
cause of any doubt as to the sailing
abilities of the contestants or because
of any certainty that one or the other
will win. Shamrock II. is in every
way as good as Shamrock l. and prob
ably the faster Of the two. OF Herre-
shoff's Constitution little is known,
but 1t is believed it will be faster than
Columbia. OF Crowninshleld's Inde-
pendent also little is known, but
enough to indicate that the prelimi-
nary trials will be quite as interest
ing as the final races. That these will
be close there can be little doubt, and
yet the interest in yachting circles is
not SO great as 1t used to be.
The Holly chieftain., 1901-05-17
81. Vnanimous Banquet.,s.

Mr.. Jefferson said in his first inau-
gural address: I'VE have called by
different names brethren of the same
principle. We are all republicans;
we are all federalists." According to
President Mckinley somewhat SINH
lar state of things exists at New Or
leans. He was at banquet In that
city at which were present the gov
ernor, the mayor and many other dis
tinguished citizens Of Louisiana, all of
them democrats. The President, in
the graceful and playful remarks made
by him on this occasion, sought for.
but could not find, the differences of
opinion OF the republican guests and
the democratic hosts.
So the President was able to discover
a good deal of unanimity so far as he
and his Louisiana friends were con-
cerned. The discovery seemed to
please them. for they laughed and ap-
plauded. There was an evening of
good feelings. Chicago Tribune.
The Holly chieftain., 1901-05-17
Million a Week 70, Coffee.

What Holland has done in the way
Of developing coffee culture in the ISL
and of Java will naturally attract the
attention of capital In this country to
the possibilities Of this industry in our
new island possessions, says the Chica-
go Record-Herald. 1t also attracts pub
lie attention to the enormous con-
sumption Of the coffee berry in the
United States. The fact that we are
the largest consumer of coffee In the
world and the heaviest importer is GER
tain to bring about an early develop
ment of the coffee-raising possibilities
of Porto Rico, Hawaii and the Philip
pines. The coffee bill of the United
States is over million dollars week.
During the nine months ending last
March the United States imported 617,-
344,00O pounds, valued at $45,21S, 900,
a sum nearly $5,000,0OO in excess of
the value of the coffee imports of the
same months of the preceding fiscal
year.
The Holly chieftain., 1901-05-17
Old Trinity Gsns.los,ss.

Nowhere is the increasing interest
in genealogy and genealogical socie-
ties more felt than In the parish Of Old
Trinity. in this city. says the New
York Times. The city is 30 old, and
the church dates back so far in Its his
tory. and so many people have lived
in New York state that every other
woman who can trace her relatives
ancestors into New York state Il
pretty sure that they must have been
registered for birth, marriage or death
In the Trinity records. They write to
inquire without hesitation, and one
clerk is kept busy most Of the time
looking up possible ancestors and lost
links in ancestral chains. Where
something like clew il given, an eff
fort IL made to obtain the informa-
tion. but when there Is only supposi-
ton It IL mot possible to hunt through
all the records. II would keep IN ONCE
full Of clerks constantly at the records
to answer all the. requests that ars
made.