davidaulloa/AmericanStories huggingface dataset:
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1901-05-10
NO MONEY FOR THEM
DURKEE CLAIMANTS MIGHT As
WELL GIVE IP ALL HOPE.
Secretary Gage DESTROYS Vision of
WeaIth-MiIl Answer No More
Communications.

WASHINGTON. May 9.-The secretary of
letter to the attorney for the "Durkee"
claimants:
''Sir-In reply to your several applica-
tiOns in behalf of John A. Kuykendall, as
administrator of the estate of Charles
Durkee. deceased, who makes demand on
the United States for payment TO him of
sums of money placed at different times a
$64623.512 S79,000.0OO and $30,0OOOO0 for the
interest he claims in the first mortgage
bonds issued by the Pacific railroad com
panes when the roads were constructed.
have to state that if Mr.. Durkee was at
any time owner of any of the bonds re-
ferred to. record thereof would not be
found in the Treasury Department, but
with the records of the railroad companies.
or elsewhere, as the United States has no
control Of or interest in, the first mort
gage bonds of the roads
And L have further to state that no
moneys or bonds of any description have
ever been deposited with or held in trust
by the treasury of the United States for
any person or persons representing Mr..
Durkee or his heirs nor is there any legal
equitable basis for the so-called Durkee
claim upon the United States.
TWO unsuccessful attempts have been
made TO secure judicial recognition of, and
action upon this claim by suits broug 1T
before the Court of Claims or the Supreme
Court of the District of Columbia, in both
of which courts the proceedings were sum-
marily dismissed The Treasury Depart
ment will, therefore. hereafter decline to
answer any communications upon the sub
ject and will decline, also, any interviews
brought III reference thereto.
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1901-05-10
TERMS OF SETTLEMENT.
shorts May BE Let on at s5150-IistaLe
by Kuhn. Loeb a. Co.

NEW YORK, May 9.-To-night an indi
vidual who has been party to the confer
ence relating to the strained conditions In
Wall street this week made statements
and explanations which will give TO the
contest in Wall street different construc
ton fSom that generally accepted down
town to-day. He said:
Tomorrow morning Kuhn, Loeb & Co.
will publish a notice saying they will let
out their Northern Pacific TO shorts al $780,
Positive statement is made tonight that
tomorrow J. 2. Morgan & Co. will notify
the shorts that they will be released of
short obligations 10 Morgan & Co. on the
basis of $50. This will be the penalization.
The shorts will get stock from Morgan
& Co. They will get only freedom.
THE Burlington deal will be known to-
morrow as an accom-. shed fact. IL has
already been accomplished. The Morgan
Hill interests control the Northern Pacific
stock and the board of directors has abso-
lutte power to close the Northern Pacific
Burlington merger without the consent of
two-thirds of Northern Pacific stock The
old law of the Northern Pacific prescribed
that twO-1hirGs of the stock should assent
10 such "A transaction as the present deal
This provision, still printed in the manual,
accepted as authentic, has misled the OPP
ponents OF MorganHill plans. because. in
the reorganizat ton. the twO-Jhirds Drovi-
sion was abolished and the power was
vested solely in the board OF directors
The board had stipulated that when two
thirds OF the Burlington stock had been
deposited in designated trust company
the Northern Pacific Burlington deal
should be thus automatically closed. The
stock has been deposited and the trans
action is contaminated.
M eanwhile the kuhn-Loeb interests be-
Heving two-thirds stock consent in North
ern Pacific necessary TO contamination
have striven 10 absorb enough Northern
Pacific 10 prevent twO-thirds consent
with results seen in Wall street this week
This afternoon they discovered that two
thirds consent OF Northern Pacific stock
was not necessary TO the Morgan-Hili deal,
that they had acted on wrong informa-
ton on that point. Moreover, they learned
late to-day, that while the Northern Pa
cihc script they held and their paper con-
tracts made the aggregate they had sought
the paper contracts were. in part, empty,
for the shorts could not get the stock they
had agreed to deliver. Conviction was
compelled that Morgan-Hil had the real
goods-the scrip. and, therefore, that the
accumulation of Northern Pacific in the
hands OF Kuhn. Loeb & Co. was strategy
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1901-05-10
ENJOYED THE VISIT.
Mutual Pleasure of the President and
New Orleans Public.
New Orleans Times-Democrat.

New Orleans Times-Democrat
There is but one feeling and one opinion
in New Orleans about the Presidents en-
joyment of his visit in this city. now that
he has gone and that the excitement caused
by his presence has died away; and that
feeling and that opinion are-that his en-
ioyment was great, that the day he spent
here was 10 him and 10 the presidential
party a time of genuine and unalloyed
sion of his thorough enjoyment OF his visit
before he left. both personally and through
Mr.. Cortelyou, his private secretary: ana,
in fact. ii did not need his oral testimony
to make the fact known that he had found
pleasure in his brief soJourn here. The
beaming face that he wore all the time that
he was on the streets. at the banquet and
on the river made any verbal declaration
that he was thoroughly satisfied with MS
reception altogether unnecessary.
We may be allowed to interpolate here
also that the President, during his short
stay in New Orleans. made a distinct gain
with this community. IL came TO US,
through our brief contact with him. that
he is not only a man of gentle and amiable
disposition and OF kindly instincts. but or
much firmness too, and of greater mental
ability and will power than he has hitherto
been credited with in this part of the
world. He has obviously a large reserve
OF strength over and above what he IL
pleased to exhibit on any particular &C.
casion so that neither political manager
nor anybody else can run him beyond
the limit that he fixes for himself. He IS
completely self-contained, and. without any
endowment OF briiliancy. he has evidently
in his composition a considerable amount
OF the stuff of which successful and pOpu-
lar Presidents are made.
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1901-05-10
A MACHINE MAN AS GOVERNOR.

Nearly all the newspapers in New York
are praising Governor Odell. Even the
New York Evening Post has had a good
he is an excellent executive. Doubtless
he makes mistakes; nearly all men do. Yet
it will be remembered that when Governor
Odell was nominated the independent press
denounced his candidacy with one voice.
and very loud and continuous voice it
was. He belonged to the machine. He
the effective chairman of the Repub-
lican state committee. which. i'm the estima-
ton OF many. damned him beyond forgive
ness. Personally. there was nothing against
him, but he was machine politician. The
ever-ready prophet declared that he would
be the tool of Senator Plat. which was
as evil thing as could be said of a man.
SO the very good people to some extent
voted against Mr.. Odell. causing him to
run several thousand votes behind Mr.. Nc
Kinley.
Mr. Odell has been Governor less than
six months, and yet by the common voice
OF the intelligent people of both parties
Governors the Empire State has ever had
He began a war upon the growing evil of
state commissions and boards and their
expenditures in his message, and that war
he has carried forward all along the line
The Legislature adopted the larger part
Of his recommendations. and thereby won
the reputation of being the best Legisla-
ture for years. Boss Platt, as ne is called
desired a state constable who should hold
authority over the police of cities. Gov
ernor Oden believed the proposition un-
wise one and gave out that he would veto
a bill creating such an official If the Legis-
lature should pass one. BY this declara-
ton he stood. and won. He did not tenn
porize. Taking the appropriation bills in
hand he exercised his veto power and cut
out of them a million dollars. Acting upon
his advice, the Legislature abolished COM
missions and sinecures and Topped of IN
necessary expenditure amounting I'm the
aggregate 10 large sum. Governor Odell
was dlscredited because he likes politics,
was a great political organizer and be-
lieved I'm that organization called the ma
chine. Indeed. in politics the past few
years no man has been more expert in what
Is known as machine organization than
Mr. Oden. This fact should teach US that
as much can be expected from party
man who identifies himself with the party
organization as from one who does not.
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1901-05-10
Practical temperance
New York Press

The man who slips into barroom alone
and sneaks one drink for 10 cents IL mean,
but he never will go broke. The -Four
o'clock Club. referred TO a few days ago.
has enlisted a friend in the proprietor Of a
cabaret largely patronized by merchants. Il
am opposed TO treating" he says. Instead
of helping my business IL hurts it, Strange
admission for a barroom owner. Listen TO
his reasons intensely practical: "A Gus
two drinks for quarter. lie runs up
against half a dozen acquaintance and
it's the same old story. Everybody treats
and lots OF time and money are wasted. He
goes away Disguised with himself and the
rest of the world, resolved never 10 come
here again for fear of meeting the same old
crowd He goes elsewhere TO take his one
or two drinks a day, and i have lost a
regular customer This very day / saw two
of my best customers come TO the door.
peep in and hurry away They had caught
sight of treating crowd ana were AFRAID
TO venture In.
I want the temperature organizations 10
get hold of such men as this proprietor and
make use of their hard practical, rncon-
mon sense / take drink when ! want II,
but at heart / am for tefnperance-at least.
for moderation. Wars against tipping have
been waged for centuries but brainless
lunkheads have directed them. The bar
room owner who opposes treating IN order
TO increase his business is the right sort OF
Napoleon TO lead a temperance legion Ger
mans drink 10 enjoy life The British gen.
tleman will spend two hours over a single
glass OF brandy and soda. The American
drinks to get drunk. and an a crowd there
is ALWAYS mad scramble 10 see who can
buy the most liquor and carry the biggest
load
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1901-05-10
TIL SOUTHERN ROAD AND THE
SOITH SIDE.

Citizens of the South Side who are OPP
posed to allowing the new Indianapolis
Southern Railroad 10 come into the city
over the right of way it asks for have
called a public meeting to give expression
TO the feeling and will otherwise bring to
bear such influence as they can to prevent
the Board Of Works from granting the pc
tition. This sentiment should be accorded
full and fair consideration, remembering,
always. that the whole is greater than
part and the interests of the city at large
more important than any particular section
OF it. The question is one that calls for the
exercise of reasonableness on both Sides.
The city has been largely made by rail-
roads, and without them there would not
be much South Side North Side either.
If the existing roads contribute TO the
prosperity and growth Of the city, new
ones are desirable and should be encour-
aged. Every road that enters the city has
contributed, in some degree, TO the ad-
vance in the value of real estate, as every
new one will. Property on the South Side
would not be worth much without railroad
tracks. and 1t is q matter of conjecture
whether track elevation would add ma
terially to its present value. The removal
of all the tracks would make indianapolis
an ideal place of residence for those who
could be induced to remain here. but, it
would soon become a deserted village. 1t
is true the grade crossings cause some &C
cidents. but do the trolley cars, and the
wires carrying electricity make an occa-
sional contribution 10 the loss of life. We
cannot eat our cake and have it 100. We
cannot have modern improvements, rail-
road facilities and rapid transit without
some accompanying drawbacks. Unless we
are prepared to hold the town as finished
and fence it in we should encourage the
construction of new lines of communica-
ton. both the railroad and trolley lines.
and treat them with a large degree OF lib
erality. If the Indianapolis Southern road
is TO be built at all it must enter the city
from the south. us exclusion altogether
because some persons object to it, or re-
curing it TO come in on an elevated track
when that is not required of any other road
is not to be thought of. 1t is doubtful if the
city is ready for elevated tracks or would
be benefited by them, and there is no rea-
son to believe that they would do away
wholly with fatal accidents. The wishes
and interests of the people OF the South
Side should be given all the consideration
compatible with the interests of the city
at large. and the new road should be
quired to adopt the least Objectionable
mode of entering the city. If IL come
in over one OF the existing tracks that
would be easy way out of the difficulty.
There are indications that some persons
are working the matter up for political
reasons. but the Board of Works ought not
TO be caught in that kind of trap
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1901-05-10
Governor Durbin's Address.
Governor Durbin was enthusiastically ac-

Governor Durbin was enthusiastically ac-
claimed as he rose to speak. He said:
Mr.. Comma nder. Ladies and Gentle
men-With all sincerity / beg 10 assure
you that l am profoundly grateful for the
honor YOU have so graciouSly bestowed
upon me by inviting me 10 be your guest
this evening. 1t is always pleasing TO look
into the faces of fair women and brave men
to clasp hands with those who have VAL
iantly carried sword or muskeJ in follow
ing the old flag in keeping step TO what
distinguished soldier and statesman OF this
Repuhic described with characteristic elo-
ouerce as the grand. wild music OF war
There are some comrades perhaps, who
have a fondness for grand opera and other
forms of classic music. but when one wants
melody that gets right down into the
hearts strings OF a large majority or the
boys who the blue, whistle the fife
and beat the drums TO the tune OF March
ing Through Georgia.
Il have never admitted that / was an
orator. Indeed. l believe l nave never been
accused or suspected of anything of the
kind: therefore, whatever i snail say here
tonight will be along what consider 10 be
practical lines. l do not deem II essential
TO 90 into details concerning the area OF the
State the nature and extent or Its products,
or anything of that sort. Your public and
private libraries contain ali the lnforma-
ton needful. and il is easily accessible.
The most exceIent recorder OF this COM
mandery. my good frienu Col. Il. A. Smith,
has intimated that something with refer
ence TO State government would De an ap-
UTOITl0IE
scheduled 20 make. In all my life. except
when / was in the army, l have not been
al offlceholder proper. except Tor a period
OF less than four months as your Gov
ernor. But, although / have not had
great deal of experience from an inside
point of view. have had large opportuni-
ties for making observation from the out
side. My experience has served 10 convince
me that a man who is forever formulating
so-called policies and enunciatlng princi-
pies Is not safe man upon whom 10 con-
fer leadership or intrust grave response
bilities. IL Is wise but homely axiom That
the man who beats the base drum, though
he make the most noise, does not-lead the
band.
In my humble judgment there Is more
or less humbug in the custom or pubic or
fcals enunciating a general line or pOncy
4 policy that may be OF good use to-day
may prove useless on the morrow Condl-
lions must be met and dealt with as they
arise. and the responsible head OF affairs
must have the prudence. fOrethought and
courage TO do that which In his Judgment
Will insure the quickest and surest ADJUST
ment of vexing questions. Men who nave
the management of public affairs should
invariably be men Of character, integrity
and conscience. l have always conteded
and do now contend that the business or
the State should be conducted IN like man
ner private affairs. y public office Is a
public trust Is maxim that has been
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1901-05-10

in the hope Of getting clear before to-mor-
row opening.
J. Pierpont Morgan. jr.. said to a repre-
sentative OF the Associated Press. so far
as l know there WAS no reason for this
afternoons panic pt utter lack OF in
formation regarding the conditions OF the
railroad market in America. / Go not ap-
prehend any serious results"
Mr. Brown. a partner in the firm OF
Speyer Brothers, said: 1t cannot be called
anything but a panic. Still l do not expect
failures except possibly a few small ones
The crowd is too terribly excited 10 trans
act many dealings and not much stock
has changed hands. There Is no earthly
reason Tor to-days scene except the en-
deavOr 10 keep pace with New \ ork, which
Is being done in the dark. and led 10
The rise that came TO an end was only
10 be expected. but the affair VIII hurt
Americans here. and il viii probably be
thoroughly re-established."
representative of Seligman Brothers
says; The market here is oniy reflex OF
New York. Without accurate dowledge
OF the conditions there IL is impossible 10
say what viii happen here We are quite
in the dark but do not anticipate any
serious results.
Upon receipt OF the Wall-street quota
tfOns panic seized the Glasgow Stock Ex-
change and wild scene was witnessed. the
brokers' scrambiing TO rid themselves or
their holdings of stock In the street Chi
cago, Milwaukee a. ST. Paul which had
closed officially at loo. dropped TO las. but
opened at us. declined 10 9A There were
other falls of less magnitude. and great ap-
prehensiOns exist to the outcome Of the
settlement which commences next Friday
The Financial Times. commenting on the
situa ton. thinks that the comparative alb
sence of feverish excitement in London I'M
til after the closing hours affords reassur-
ing evidence that the London Stock Ex-
change is not deeply committed with Amer
leans. although there is no doubt that some
individuals have been badly hit. In such
wild markets., says the Financial Times.
1.-THE jobbers are wisely refraining from
committing themselves except on very
wide margin. which in many cases has been
absolutely refused. one point comes clearly
out of the hurry burly; that Is. that the
consolidation rumOrs and belief In COM
munity OF interests in railroads would re-
ceive a severe check. Yesterdays expert
ences would more fttingly be embraced
between the covers OF Jules Verne ro-
nance than in the records OF ordinary life.
and if the alleged new day in American
railroad affairs is dawning, it's dawning
through stormy skies. When professional
operators. with ample means at their dis
posal. being ruined. il behooves the
| general speculator 10 stand aioof.
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1901-05-10
Business Virtually suspended.

NEW YORK. May 9.-The Commercial
Advertisers London financial cablegram
says: There only topic in the
markets here to-day, namely. the crash IN
Americans. but London was little affected
by the collapse. Business was virtually
suspended all day. dealers being too ncr-
vous TO make prices. and quotations oscil-
lated violently trifiing transactions. sinh
ply responding to New York advices. North
ern Pacific began at 120. but the purchase OF
5000 shares for the continent forced the price
TO 13S1h The opening prices In New York
showed tumhling prices and sent Northern
Pacific down TO rs. Others dropped 10 ).
Then the street witnessed the real break
following Northern Pacifcs were hardly
mentioned. A sudden rally OF about 20 IN
active stocks was caused by a report that
the arbitrageurs had compromised and that
a Neutrality-suspicious. truce was arranged in
the Northern Pacific squeeze London Was
left aghast. like a man who had just wit
messed an explosion of a powder magazine
and whose nerves were completely shaken.
Otner markets were heavy sympathetically.
Faris selling freely of c0nsols and tintos,
and others preparing a Russian loan on
France of el7000. 900, probably fours. at SsSt.
OF god e35.oOJ went out TO South Africa
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1901-05-10
AT THE WALDORF-ASTOR
Soldiers of Finance Glad a Settlement
Is i'm Sight.

NEW YORK, May 9-The lights of the
Waldorf-A were the campfires to-
night of hundreds of the soldiers of finance
who were on the firing line in Wall street
to-day, and as they sat in the CHEEKY glow
they nursed their wounds and counted
their dead The casualty list was a long
one but the night had more cheer than the
preceding one. There was no wild scramble
for overnight loans of Northern Pacific
stock, and the new day seemed TO be fair
in promise. There was intense relief at the
promised succor OF the Northern Pacific
shorts 1t was accepted as fact that
Kuhn, Loeb & Co. and ]. p. Morgan * Co.
would settle for $50, and it was believed
the action of those two great houses would
fla the price for everybody The price It
was generally agreed, was a fair one.
The rumor that j. +. Morgan az Co. and
j. j. Hill were, after all, on top in the
fight to control the Northern Pacific stirred
the crowd, but the chief concern was for
the future Of the market. AS TO the latter
very hopeful view generally prevailed.
John w. Gates dispensed cheer. 1.-The med
icine has been hard to take, he said, but
ii has done good. There was too much
speculation and it had to be checked There
will be heavy buying orders and the market
will rally promptly. This Northern Pacific
settlement will clean the grounds up. The
banks saved the day, and | feel quite sure
there will be no failures of any size
Mr.. Gates would not discuss his personal
losses. but told dog story that was elo-
quent in expression. Il knew a man in
Youngstown" he said, "who had a poor
yellow purp. Well. that dog was kicked
so hard and so often that he walked side
ways. l am walking sideways"
James X. Keene was in evidence early,
and a dozen men credited him with the
statement that the Northern Pacific shorts
should have paid $4,000 per share. He de-
clined to talk for publication, however.
There was much speculation as to the
effect of the return to New York of w. X.
Vanderbilt. and il was predicted that there
would be a radical change in railway con-
solidatiOn plans. Friends of the Hartman
syndicate vowed that the Morgan-Hill pro-
pramme would never be carried out.
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1901-05-10

1t Is rather late m the day to get up any
interest in the authorship Of The Bread
Winners" novel that was brief sensation
H. the field OF fiction nearly twenty years
ago. and the claim made by the friends Of
the lately deceased Miss Ida Harris. OF
Illinois. that she wrote the book has fallen
fat. as might have been expected. Miss
know the authorship. denies the Harris
claim. aud says the book was written by
nan now living. Presumably this is John
Hay. now secretary OF state. lie has never
admitted the authorship, but neither has
he positively denied IT, so far "a - known.