davidaulloa/AmericanStories huggingface dataset:
The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1901-05-11
WAS NO EXCITEMENT.
After First Furry Prices Receded and
Tone Became Quiet.

After First Furry Prices Receded and
Tone Became Quiet
London. May 1Q.-Yesterdays panic IN
Wall street thoroughly dlsorganized the
American section here. The stock mark It
opened this morning with wild fluctuations.
Chicago, Milwaukee and st. Paul opened
Mt $50 ana advanced sharply to 1875, neurly
SO over the New York parity. Louisville
md Nashville were ga better, Atchlson q
higher and Union Pacific 2A.
Northern Pacific was quoted at 1877. ri
ter the first furry prices receded slightly,
the tone becoming quiet. more reassur
Ing feeling was evident on the stock ex
change as the day wore on and there were
no scenes Of excitement.
Speyer Bros. and the Morggns reported
considerable New York buying with early
London realizations which afterwards were
mingled with London and continental buy
Ing.
j. Pierpont Morgan, Jr,, said TO n repre-
sentative of the Associated Press: "The
situation looks a little better. would
not be surprised II the buying continued,
though no ono can tell what tomorrow Will
bring these days
Speyer Bros attributed what realzatIons
there were TO The British dealers anxiety
TO get clear before Monday, which Is sci.
Ting day. and as tomorrow Is n holiday IN
New York, they are anxious to do all they
can today
At $50 p. m; AMERICANS on the street
were very unsettled They nuctuated nnl
recovered somewhat. Northern Pacific was
1J4 bid There was considerable despond.
ency and fears Of difficulties.
The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1901-05-11

apparently irrcparable nnImosltles had
grown up amongst contcnding groups OF
the countrys large capitalists shattered
confidence In all the supposed measures to
secure community of interest and aholi.
tion of costly competition among railroads.
il seems Incredible that with an outstand-
Ing share capital OF 100000 shares the
shorts could not borrow or buy shares FOR
delivery NJ any prices and Il marks the
desperation of the struggle for control OF
the property that neither party should con.
sent to lend of their abundant supply OF
stocks even to relieve the panic which was
damaging vast projects of their own ~
well as Bringing ruin and disaster to Others
for fear That the stock once out Of their
hands would be used to defeat their
claims 20 control. The collapse also re-
ycaied the purely speculative character of
which has been readily attributed 10y the
hoated imagination of the spectators "a
buying for Investments and control by tho
great railroad systems 10 be taken out of
the market ana placed IN stock boxes and
vaults Of trust companies The complete
ness of the collapse seems TO have thor.
uughly cleared the market OF the recklessIy
speculative holders and the market quickly
realized that the low prices to which
prices fell In the decentralization Of Thurs.
day 10 which unreal values carried them
Bargain hunters appeared In Wall street
with the funds which they never hazard in
speculative bOoms and showed a willing.
ness tO pay prices for stocks above thosa
touched In the panc ana which would
mean insolvency for many commission
houses Tho measures taken by the banks
70 supply the needed money md the set
tlemcnt with the Northern Pacific shorts
quoted the acute fears Of holders Of
stocks and greater degree Of confidence
began quickly to be re established. but 1t
is not TO he assumed that The necessary
adjustments of damages resulting from
Thursday shock are to be completed in n
Bonds shared In the Generalization or
stocks. but to n much less extent Ap-
phrently "A part Of the selling of bonds
of tn
The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1901-05-11
REVIEW OF THE WEEK.
The Reckless Spectators We're Given a
Very Hard Lesson i'm Finance.

an So,
80 ~
~ ,,n..,a. so' .,.a, - ,r,,i,od
,bts ,ront, an1 s,oo,. oa,,1Iors, ,.,ntings
tn'S "o'A anu S'"NN E"uip'V'S W'"n'nSs
disappeared with n pop IN a cloud of
snrny Dvcn so soon aa thIa the fact
.,,,,,., 49,. a.. t.h,,... -. -,
f'peiPen 'nu' '"c f"'hNh'ls Spi"5 i'Pu'
sents speculative winnings, while the sol
id earning nowcrs of rchabllltoted raI
-, 80, ~ ..,. ,,. -,
,o"uS an" 'uc pIpSpViou' business : NM
trade In all branches Is not affected. IA
Is the case with all booms. thS colIansc
,,o, o,,.od IA. oa ,oo,dor. mt, 49,.
was '0uee" ~ Hn "o'lutht' inis WIS
the corner In Northern Pacific which had
emerged from ms mysteries and stands
d,ciosod a. n,,,Ilo -, ~, ~. ,,.ia,,t,,',
u'se'oS'u 10 Puo''c view III HS prine'pai
faels ana bearings IL IL the nature OF n
Itsolf M corrective forcc brt.,y,tbor tho
material Tor lis own growth ana excess.
Buying for "a rise In Itself induces that
No. ,,,,,t err,,tshos +ho nroats fnr ro,oxyod
l'Se "n" iui N'9u's Wv p'"H'' 80 isN' Wv
buying remover udVnnces uhti ihe WORM
Joins the gathering host OF spectators to
abor. IN tho s,,ldcp fortunes md mn ,vofI.
sn"'' q" Wv 'u""." ''''""N' "N' ~ . ''''
ap'e cSdl's are ura"h On 10 secure nom
ings Of stocks. None of these holdings
are to keep ANA the only Incentive In
80, -, ,,,,.
buying Is the nope OF Iurther rise Wheh
an accident happens to cndanger the con
tinpnpoo az ms rlsn tho dnmand therefor
w. ~, 60
oehses' Nhch hnluers utleWpl 10 heh hrSV
to take profits, then to save losses, there
are no buyers. ll1ccs decline aud the
credits on which holders depend shrink mud
they must sell The shrinkage Of the value
OF securities endungers the safety NJ loans
for which they serve as, collateral ana
bankers must be repaid Money must he
had on terms to avert ruin, stocks are
sold without regard to price ana n species
of panic eusues. That is what happened
this week on the stock exchange. The
remarkable feature Of the collapse Of hc.
titIous yulues IN that IL was prpclpitated
hy The very operations upon which the
boon was launched
MANY railroad stockg collapsed after
high rises in price by wonderful leaps
and bounds under the Influence either OF
a"tnaI naeotlafinns for abgorptlon ana con.
soldation, or of rumors of such neeotla.
lions No Inter than last week Union
p1"iGc wns rushed m Ia 133 poS share
nudcr the belief that Ii was TO he absorbed
10 form link in a transeontinentai rail.
road system. The similar movements
which had previously occurred In Northern
The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1901-05-11
STOCK BROKERS FAIL.
Failure OF Customers to Meet Their Calls
for Extra MARGINS the Cause.

New York. May 10. Ebert Thomas Jack.
son and Samuel c. Jackson, doing business
as stock brokers, today assigned for the
benefit of their creditors
Jackson Brothers were members Of the
Consolidated exchange. The primary cause
was said to be the failure Of their custom
ers In the city and oui.oftown to meet
calls for extra margins. The liabilities are
under 100000
change firm. suspended business today
Mr.. Hilton said the house had not failed
bur had suspended business to End out
where IL stood He said the members OF
the Arm expected to resume Monday.
The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1901-05-11
New York Money.

New York, May 10. Money on cali firm
3 TO 20 per cent; last loan 3 per cent;
ruling TO s per cent. Prime mercantile
paper 4M4A per cent. Sterling exchange
about steady with actual business In bank
ers' bills at 4.sTss@4s7& for demand and
at 4s4M4.s ih for sixty days: posted rates
4.s5ms. s5hg aud 4.Ssl2: commercial bills
4 s3IsM4 s3X. Silver certificates 90; bar sli-
ser 5gik. Mexican dollars 4slk. Govern
meut bonds weak; State bonds Inactive;
railroad bonds Irregular
The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1901-05-11
BRITISH WANT MULES
And Press Two Ships Here into Sum-
mary Service.
,cuooinI n The Post

New orleans. May l0,-Yesterday two
British steamships. while taking on car
goes were suddenly ordered to discharge
what Cargo they had already taken on ana
10 take on horses aud mules and proceed
to South Africa; These vessels are The
line and The Politician. Of the Harrison Inc.
frhc latter had already 1900 bales OF cotton
aboard when orders came 10 take horses.
ana sho Immediately began to discharges
fbis cargo II win take thcn four or M,
DAYS 10 get their cargoes nf I've stock
ana tbey viii proceed 10 South Africa.
This Is a rather unusunl proceeding. es-
necIailv as the orders came from the home
pfAces IN England in both cases
The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1901-05-11
FLUCTUATIONS In STOCKS.
Table Showing Loss From the High
Point and the Recovery.

following table
for the active stocks the low break
Thursday and the Friday showing the
wonderful recovery made.
The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1901-05-11
HARTMAN is CONFIDENT.
Member OF the Syndicate Still Believes
They Have Control.

New York, May 10.-A member of the
Hartman syndicate made this statement
today: 1--WE believe now as we said yes
terday that we control the Northern Pa.
clac. Nothing has happened over LAht or
during the day TO change our op'ritn. Az
for the Burlington deal, we belese II will
go through without a further hitch"
The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1901-05-11

Minneapolis, MINI, May 10.--tinlsbing
lumber OF all grades has been advanced
81 n thousand by the. price list committee
OF the Mississippi Valley Lumbermen's as
demand and scarcity OF logs for manu-
featuring lumber.
The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1901-05-11

cral ElectrIc ,s.......,-'4f.''T' ~
This represents a rapid rate Of recov-
cry from the extremely low prices Thurs
day, which had been largely recovered in
the violent rebound Of the late trading
on the exchange. There WIS an obvious
disposition to hail this as revival of the
boom on the part of some Of the more
sanguine of the speculative bull element
But, after the weeks experience OF the
Twice-a-week plain dealer. (Cresco, Howard County, Iowa) 1895-1913, 1901-01-18
WOULD CHANGE TOWNS NAME
Citizens of Village of Sing Sing, N. ",
Petition Legislature for Name
of OSsininY.

The citizens of the village of Sing
Sing, New York, has taken action at
a pbliuc meeting in regard to petit
tioning the legislature to change its
present name of Sing Sing to that
of Ossining. the name of the town
ship in which Sing Sing is situated.
Ossining is of Indian origin, as is
also that of Sing Sing. taken from
that of tribe of Mohegan Indians
known as "Sintsinchss," who occupied
this locality in the early part of the
seventeenth century.
This movement is foStered by the
merchants and business interests of
the village, who have come to the
realization that the name Sing Sing
carries to the outside world no other
meaning than that of the penal in
stitution that is situated on the river
bank south of the limits of the vii.
lage proper.
While the census just completed
shows an unprecedented increase in
the population in the other towns in
Westchester county during the last
ten years, Sing Sing has decreased
from population in 1890 of $3.50 to
a population of 1898, falling off of
lab. This is due to the fact that
manufacturers cannot be induced to
locate at Sing Sing because their RI
walls in business will assure people
that their goods are made in Sing
Sing, and the purchasers will imme-
ditaely have the impression that the
goods are prison made and will not
buy them,
Twice-a-week plain dealer. (Cresco, Howard County, Iowa) 1895-1913, 1901-01-18

ouu IMAM the rival
ry of Daily and Clark could be found
outside of novel. Their business Law
1000 miles away. They were rivals for
me united States senate; money flowed
like water when they clashed. and lit.
tile men fattened upon the strife. Both
planned to come to New York, to set
up palaces, to dazzle the natives. They
were ready to measure purses even at
the weddings of their daughters.
To New York! It's the first thought
of the man who has made his pile" A
palace on Fifth avenue. At this very
moment speculative builders are put
ting up on upper Fifth avenue rows
of mansions costing with the land from
quarter of million each upward.
They do not know who are to occupy
these houses. They do know that from
somewhere in the west comes never.
ending stream of men whose eyes have
long been fixed upon this famous
street, who want to date their letters
there, just because only millionaires
can afford that luxury.
It's queer passion There are so
cities in the land that boast more
beautiful residential streets than this
hotel-haunted, shop-elbowed, irregular,
shadeless, turfless blaze of stone and
asphalt, where land is worth So much
money that no grass can be permitted
to grow upon it.
OWEN 7
Twice-a-week plain dealer. (Cresco, Howard County, Iowa) 1895-1913, 1901-01-18

some one varying, according to the
wealth of the victim. from full
grown detective to mere nurse-girl.
1t is literally true that practically all
the children of the very rich are
watched all the time On the great
and lonely country estates that are
now so fashionable precautions are
redoubled.
The care of young Vincent Astor is
good illustration. His father, John
Jacob Astor, has always private
Waterman on guard, night and day,
on his estate at Rhineclitf. His rooms
are in wing of the great house
whose windows are heavily barred.
He has constant attendance by nurses
and tutors. The baby heir of the late
John Nicholas Brown-said to be the
richest baby of his years in the
worlds carefully guarded. So are
the sons of George Gould.
Precautions seem most needed in
the case of men whose names are
often in the papers. The quiet mill
lionaires of whom you never hear
stand in less danger
The millionaires have as much to
fear for their children from cranks
as criminals. The most dangerous
child stealers belong to that class. A
genuine criminal of the best school
will not take the chances that crank
disregards. Women who have lost
children sometimes steal substitutes
from a wild desire to have child tc
love.
Twice-a-week plain dealer. (Cresco, Howard County, Iowa) 1895-1913, 1901-01-18
A NEW MONTE CARLO
Old Ocean Liner to Be Transformed
Into Gambling Palace.
Syndicate Formed in London to Give
Britishers of Sporting Proclivities
Chance to Play Big Game
without Interference of Inv,

a syndicate has been formed at Lon
don, according to the New York Jour
nal and Advertiser. to buy an obsolete
Atlantic liner, fit her up as a miniature
Monte Carlo Casino, moor her off the
English coast Just outside the three
mile limit and run Il big game in the
English channel off Brighton, the place
chosen. Launches will run back and
forth to meet the London trains.
The boat will be Il floating hotel as
well as gambling resort. and visitors
may live aboard as long as they please
in luxurious surroundings. Expert.
enced croupiers will be imported from
Monte Carlo, and roulette will be the
principal game. played in strict ac-
cordance with Monaco rules.
Nominally it will be cub but any
man belonging to any recognized club
in Europe can easily obtain admission
upon payment of nominal fee. This is
similar to the rule of the Ostend club.
A private part of the ship will be de-
voted to a restricted club. like any Lon
don club. with heavy subscriptions and
limited membership. This will be for
private play.
The promoters say making money is
not so much their object as providinga
place where Englishmen can gamble
They reckon the profits of the hotel
and restaurant business will be suffi-
Gent to pay the expenses. so every rea-
sonable concession will be made to
gamblers.
The cost of the ship and Quitting is
estimated at S25o.0oO, while more than
that will be subscribed to stake the
bank
Twice-a-week plain dealer. (Cresco, Howard County, Iowa) 1895-1913, 1901-01-18

sword, and the three left, who had been
fighting on the Same side, rested painting
on their weapons. After pause two Of
them communicated with each other, and
the result was an attack upon the third
man, who fell dead beneath their blows.
"Merciful Fatherl are these thy orea.
turesf" exclaimed Philip.
mo, replied Krantz, "they worshiped
the devil as Mammon. Do you imagine
that those two, who could now divide
more wealth than they could well spend IL
they roturn to their country, will consent
to divisionp Never-they must have all
yea, all!''
Krantz had hardly expressed his opin.
Ion, when one Of the men, taking advan-
tage Of the other turning round moment
from him, passed his sword through his
back. Tho man fell with sroan, and the
sword was again passed through his body.
Said I not soi But the treacherous
villain shall not reap his reward, +" contin.
ued Krants, leveling the nlusket which he
held In his hand, and shooting him dead.
"You have done wrong, Krantz; you
have saved him from the punishment he
deserved. Left alone on the island, with.
out tho means Of obtaining his subsist-
ence, he must have perished miserably and
by inches with all his money round him;
that would have been torture indeed"
perhaps I was wrong. II so, may
Providence forgive me, could not help
It. Let us go ashore, for we arc now on
this island alone. We must collect the
treasure and bury 1t, SO that 1t may be re-
covered; and, at the same time, take
portion with us; for who knows but that
we may have occasion for 1t. Tomorrow
we had better remain here, for we shall
have enough to do In burying the bodies
OF these infatuated men, and the wealth
which has caused their destruction"
Philip agreed to the propriety of the
suggestion; the next day they buried the
bodies where they lay; and the treasure
was all collected in a deep trench, under
oocoanut tree, which they carefully mark
ed with their az. About 500 pieces of
gold were selected and taken on board Of
tho raft, with the intention of seoreting
them about their persons, and resorting to
them in case Of need.
The following morning they hoisted
their sail and quilted the island. Need it
be said in what direction they steereds As
may be we'll imagined, in that quarter
whore they had last seen the raft with
the isolated Anime.
ITO be continued
Twice-a-week plain dealer. (Cresco, Howard County, Iowa) 1895-1913, 1901-01-18

uuU. DuI dlleullOH
that Alfred is the head of his fam
ily.' If he were really that, in any
sense that meant anything, it would
mean headship in a clan that COM
prises probably 100 very rich people,
and that owns from $500, 100000 to
$5Oo,ooO,OOO. But
Alfred is not the head of the fam
lily in the English use of the phrase,
because he is not the oldest living
son of the oldest son of William H.
Vanderbilt. His brother Cornelius is
his elder.
He is not the chief of the clan in
the American sense, that honor being
reserved for William X. Vanderbilt,
the oldest, ablest and by far the rich
est of this remarkable family-the
sole owner, indeed, of probably $780,
100000.
But millions and youth and love-
there is no doubt it's love match
make a thrilling combination. The
Vanderbilts are good husbands. Young
Cornelius is devoted to the beautiful
woman for marrying whom he was
disinherited. The elder Cornelius,
who died year ago, was man of
domestic ways. George and Frederick
are both quiet men of family. Even
William X. Vanderbilt, though d.
vorced nominally for his own fault,
has ever since been popular in New
York because it is understood that he
purposely sought the company of Nell
lie Neustretter in Paris in order to
give Mrs. Vanderbilt, who had tired
of him, chance to obtain legal free
dom. Up to that time he had been
the most sedate of husbands.
Twice-a-week plain dealer. (Cresco, Howard County, Iowa) 1895-1913, 1901-01-18

length of their court trains is meas
ured-so many yards for duchess
II, If remember rightly-se many for
countess. so many for an untitled
lady. All candidates must wear low.
necked dresses unless excused on ac-
count of health by physicians certifi.
cate, The famous Chicagoan who ware
dress coat at breakfast in honor of
Princess Eulalie worlds fair year was
not uniformed of court customs. In
deed, the very few American men who
are presented TO some prince or royal
duke at the levees held in the old St.
James palace also dress in evening
clothes, although it is broad day, and
wear swords and satin knee breeches
besides-though an American alone
among nationalities is permitted to don
plain evening dress.
don't suppose one American in
twenty of those whose wives are pre-.
sented ever goes himself through the
Twice-a-week plain dealer. (Cresco, Howard County, Iowa) 1895-1913, 1901-01-18

thoritative-though secure place
upon Mrs. Astor's visiting list has a
value of its own.
Nothing more un-American could
well be imagined than this ceremony
presentation. 1t is held in Bucking-
ham palace. The queen is never pres
ent nowadays, but is represented by
daughter or granddaughter. Mrs.
Vanderbilt will be presented by the
duchess of Marlborough. Vanderbilt
by birth. Because this lady is a
duchess, she will be driven to the
palace in state coach" drawn by
six well-matched horses. A state
coach is good deal like circus
wagon, brave with carving and gild-
ing. very heavy. very old and cum
brous. She will have the privilege also
of the private entrance to the palace,
only used by the higher grades of
nobility.
Mrs. Van Alen-if, as planned, she is
presented by the countess of Craven
(born Bradley Martin) will also ride
In band wagon only slightly less
splendid and ridiculous. Private per-
sons of no title go in their own plain
carriages, with or without crests upon
the panels. All drivers and footmen
are in livery. No hired carriages are
permitted
The walks surrounding the palace
are always packed with the Great I'm
washed, to whom the court day is a
fraa CHI
majority. They comment freely upon
the appearance of the ladies in the
carriages.
Twice-a-week plain dealer. (Cresco, Howard County, Iowa) 1895-1913, 1901-01-18
Teacher Didn't Know.

MY teacher doesn't know much!"
cried the inevitable little brother. as he
burst into the parlor where his grown
up sister was entertaining Mr.. Blank
ON recent evening.
"Why, Archie?" was the very natural
question his sister asked, and now she
wishes she hadn't.
"Coz / asst him wot made you an Mr..
Blank set so clost t'gether on hot mites;
men he list LATED an c'udn't tell me- %
Cincinnati Enquirer.
Twice-a-week plain dealer. (Cresco, Howard County, Iowa) 1895-1913, 1901-01-18

Alen DOrn IOSt
will be presented
at court in Lon
don almost imme-
diately after mar
riage. This has
become almost a
matter of course
w i t h American
brides of "a certain
financial and So
cial st q n d j in q.
Thus presented, a
woman is in so
ciety." There is
in this country no
tribunal SO au-
$h~-.
Twice-a-week plain dealer. (Cresco, Howard County, Iowa) 1895-1913, 1901-01-18
Gefliu
Thin

is all right, if you are too fat;
and all wrong, if too thin already.
Fat, enough for your habit, is
healthy; little more, or less, is
no great harm. Too fat, consult
a doctor; too thin, persistently
thin, no matter what cause, take
SCOTS Emulsion of Cod Liver
Oil.
There are many causes of get
ting too thin; they all come
under these two heads: over
work and under-digestion.
Stop over-work, if you can;
but, whether you can or not,
take SCOTS Emulsion of Cod
Liver Oil, to balance yourself
with your work. You can't live
on it--true--but, by it, you
can. There's a limit, however;
you'll pay for it
SCOTS Emulsion of Cod Liver
Oil is the readiest cure for
''can't eat" unless it comes Of
your doing no work--you can't
long be we'll and strong, without
some sort Of activity.
Twice-a-week plain dealer. (Cresco, Howard County, Iowa) 1895-1913, 1901-01-18
A Question Of Phrase.

"All ! want is what is my own"
said the man who loves sounding
phrase.
NO" said Senator Sorghum, kindly
but firmly, you misstate the PROPOSE
tion. 1t is merely a slight confusion
of lenses. That's what we all say,
but what we mean in our hearts is
that all we want is what will be ours
If we can manage to get possession
OF t."-Washington Star.
Twice-a-week plain dealer. (Cresco, Howard County, Iowa) 1895-1913, 1901-01-18
The Cause of the jam.

whats the matter over there?
What's the crowd doing in front of
that house?"
The man who lives there has just
inherited 100000. Those are friends
of his who have come to tell him how
to invest the money"-Chicago Times
Herald