davidaulloa/AmericanStories huggingface dataset:
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1902-10-04
STOCKS AND BONDS.

New York, Oct. 3.-The principal news
in today's stock market turned out to be
untrue, but the false report was effect
i've in breaking the market and throwing
it instantly into a state of confusion as
great as that of last Monday The re-
port which was circulated Immediately
after o'clock that the Comptroller of
the Currency had oVerruled the decision
of the Secretary of the Treasury TO re-
lease cash reserves held by the banks
against Government deposits. offered a
dire prospect to spectators. Such de-
cision would throw the money market
situation back into as strained condi-
ton as that which threatened a panic
last Monday The situation in fact would
have been worse, in that the forces of
depletion of bank reserves have con-
tinued in operation during the week,
while some advantage has been taken in
the loan market of the better conditions
resulting from the Treasury's measures
Today, especially there was some con-
spicuous resumption of speculative ac-
tivity on the part of the various pools
notably that in Colorado Fuel and Iron
on the ground that the election ordered
by the court will settle the next question
of control Of the property, in st. Paul
by the same interests which caused it's
recent advance, and in the Coalers on The
circulation of constant rumors regarding
the outcome of the conference at Wash
ington The higher level of prices thus
attained seemed to aggravate conditions
when a canard was put out regarding the
alleged action of the Comptroller of the
Currency. The fact that the Comptroller
was present and in consultation with the
Secretary of the Treasury during his visit
in New York when his action was taken
was lost sight Of and the speculative
public seemed to swallow the story
without question. The break in prices
ran all the way from l TO nearly points
in the active stocks. The market closed
with a violent rally in prices, caused by
the denial of the story Tomorrow
bank statement will contain an additional
item to show the government deposits
with the banks in order to differentiate
the other deposits against which 20 per
cent cash reserve is required. 1t is
supposed that the item of government
deposits will be in the neighborhood of
SAC, 600 600, thus reducing the reserve re-
quirement and benefitting the surplus by
about $40, 100000.
The heavy demand otday for next
Tuesdays steamer showed the small
prospect of any movement of gold this
way for the present.
The bond market was steady, except
for the furry in the last hour of the
market. Total sales (par value) $4,65,000.
United States bonds were all unchang-
| ed on the last call.
The total sales of stocks for the day
were S72, 300 shares, including the follow
+, ing: Atchison Ga 700; Baltimore and
Ohio. 49, 800; Chesapeake and Ohio $500;
Erie, $4,000; Louisville and Nashville,
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1902-10-04
QUOTATIONS OF COTTON YARNS
Especial to News and observerl

New York, Oct 3-No. 1851 and 12s-1
warps at 14@14k; No 14s-1 warps at
14% OILS; No. 16s-1 warDs at 15A 015a !;
No. 20s1 warps al 151a No. 22s-1 warps
at 16; No. 26s-1 warps at 1917 No 6s to
los yarn at 13R@14; No ISL at
14G14h; No. 14s-1 at 14h; No 16s-1 at
141@@15; No. 20s-1 at 10: No. 22s-1 at
1914; No. 26s-1 at 1872; No. $50 ply soft
yarn at 14@14H; No. 1882 ply soft yarn
at Is; No $50 ply hard at IA; No. 1857
ply hard at 14A @141a; No. 1852 ply hard
at 1415; No. ASP ply at 141a; No. 1852
ply at 1919; No 20s-2 ply at 10; No. 24s 2
ply at 161a No. 26s-2 ply at Il; No.
3Os2 ply yarn at 1872 No. 40s-2 ply at
1904; No. Ss-3, and ply at IA; No.
2Os-2 ply chain warps at 1914; No. 24s-2
ply chain warps at II; No 26s-2 ply
chain warps at 1712; No. 3Os-2 ply chain
warps at 19G19h; No. 1888 ply hard
twist a 1S15; No. 2Os-3 ply hard twist
al 16; No 26s-3 ply hard twist at II.
Very active and higher.
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1902-10-04

tember 25th, and which compares with
64 last month. The market was ouiet
until the government figures were an
nounced. and for one half hour follow
ing the announcement there was consid-
cradle uncertainty as to how the general
public would cOnstrue the report hut as
soon as the bureau figures began 10
reach the interior general buying set in
and prices were quickly advanced ten to
thirteen points above the level prevailing
at noon, Europe and the consuming
world generally, are very apprehensive OF
a short yield this year. and will un-
doubtedly become free buyers imme-
diately. The hand to mouth policy pur-
sued by consumers up to this time has
been the one adverse influence on prices.
The active demand for spots will advance
prices quickly, to say nothing of the
general speculation which is practically
certain TO follow the most bullish gov
eminent report on record.
TARRANT &c KING.
6S Broad Street.
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1902-10-04
MUCH HIGHER PRICES FOR
COTTON PREDICTED.
Especial to News and Observer

New York. Oct 3. The United States
government report on the condition of the
cotton crop. issued today, shows an aver
age condition throughout the cotton pro
ducing area of 58.3, as against GA last
year, when the actual production was
about ten million bales e. in 1900, when
the production was 1025O,0OO; GA in
1899, when the crop was $500, 600, and
60.7 in 1895, when the crop was 100000.
The condition in Texas is AZ as against
Il last year, IS in 1900, Sc in 1899 and 81
in. 1896. The condition of the whole belt
therefore is "a per cent below the pre-
vious low record. while the condition in
Texas is 4 per cent below the previous
low record.
There is no escape from the conclusion
that these figures point to an exceedingly
small crop. in my opinion not over $780,
900. and there is further no escape from
the conclusion that such a supply is
entirely inadequate for the demands at
present prices and that cotton must go
very much higher | therefore repeat
the advice / have previously offered to
Southern holders and producers of cot
ton and again urge them not TO be in
fluenced by passing speculative flurries
into an acceptance of any lower prices
for their cotton than the situation justi-
fies. I feel entirely confident that cot
ton will this year sell at 10 cents a
pound. Interested parties on the New
York Cotton Exchange, which is an
American institution composed OF Ameri-
can members and dealing in American
lroduct. have misconceived and may con-
tinue TO misconceive their own best in
terests and that of the trade they repre-
sent by attempting to discredit the Agri-
cultural Department and to depress the
price of cotton, but this time the facts
are against them, and within reasonable
limitations those who have sold cotton
which they do not possess and those
who have it to buy for consumption must
pay the price which producers in view
of the extraordinary situation arc ent!-
tied to demand.
THEODORE H. PRICE.
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1902-10-04
CAROLINA TRUST COMPANY,
RALEIGH. N. c.,
Capital, 100000. Out of s Town Busine'


Receiver
the use an benento othe
for and
STONE
w. D.
DIRECToRs-ames Webb Rggan
Lewis F. T.
Petty and R
u N
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1902-10-04
CANARD CAUSES A
BREAK IN PRICES
The Comptroller Overrules
Shaw's Decision.
NO RELEASE OF RESERVES
This is the Report That Sets securi
ties Tumbling.
DENIAL FOLLED BY A VIOLENT RALLY,
The Announcement of Fifty-Eight and Three
Tenths as the Condition of Co Ton
Causes a Scramble Among
The Shorts:
(By the Associated Press.)

New York. Oct 3-There has been an
Improvement in the demand today but
not of any Importance The tone con-
tinues firm throughout for cotton goods
of all descriptions. Linens are in bet
or request and firm Burlaps unchanged
here. but the foreign makes are strong
NEW YORK COTTON.
New York. Oct. 3.-The cotton market
opened steady with prices two TO four
points higher on moderate general buy
ing. and then worked up an additional
point or two on demand from Wall
Street bulls and the more nervous room
bears Later, however, the whole list
eased off to the close of yesterday. at
which level speculation dropped of to the
settlement of scattering trades with
opinions as to the probable showing of
the noon Government report at SKIES and
sevens. The Liverpool cables were not
much of a factor either way, but the
weather chart again denoted heavy rains
over the Western section of the belt. and
harmful precipitation in several districts
of the Central belt. The week end stat
istical statements We're just about as
expected and made little impression upon
local traders. By twelve o'clock there
was a sharp break to S.75 for January
under movement to liquidate. based on
fear of a condition over 60. Then came
the announcement of 58.3. on which the
shorts scrambled for cover and the bull
leaders sought to regain former suprem-
acy. For the balance of the session
battle royal between leading longs and
shorts was fought out with the net re-
suits showing the bulls holding much
the better position. All through the af-
ternoon the market displayed a tendency
to work upward, January selling re-
peatedly at $50, or within two points of
the previous top notch for the season.
so far.
Commission houses became vigorous
buyers of the winter and remote deliv-
cries, the South and some foreign in
terests sent foreign buying orders in the
fall deliveries. The market at the close
was steady and net seven to eight points
higher. Total sales were estimated at
500 900 bales. Export clearances were
again large, though somewhat less than
the total port receipts. Private spot
market news reflects increasing strength
on an arbitrary attitude of holders.
NEW YORK, Oct. 3.--Cotton futures opened
steady.
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1902-10-04

n 500: Manhattan Elevated. $4,000; Mis-
souri, Pacific, $4,000; Norfolk and west
ern. Il. 500: Ontario and Western, Is loo'
PENNSYLVANIA Railroad, 94,5OO Philadei-
phia and Reading, $500: Philadelphia
ard Reading first preferred, $500; PM
adelphia and Reading second preferreu'
$500: ST. Paul, 1890; Southern Pacllc
% 900, Southern Railway, 35,300; Union
Pacific. 4S,500 American Car and Fouh-
dry, u ,200: Colorado Fuel and IRON 80
goo: Pressed Steel Car, $4,000; Pullman
Palace Ger Company, - Repupile
Iron and Steel. $500 United States steel
CORPORATION. 1890; United States steel
Corporation preferred, 11,4OO.
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1902-10-04
NAVAL STORES,

WILMINGTON, N. c., Oct 3.-Tufpentipe
Hrm at 4sA receipts los.
Rosin Steady at al.'O0L15; receipts 2I6
Crude firm At S 6002.s 80; receipts Al barrels.
Tar firm at o. 40; receipts l53
SAVANNAH Ca, Oct. g. Purpentiue firm
at 40; receipts T52; sales 42S: exports CO.
i0S7.
Quote: A, B. C, sI25: D, 6L25; f, eL3?A. #
sl.35; @, t1.40; H, GIGS; I, N.9); K, $3.50
VI. SO 90; N, % 30; W G, SSe5; WV, $500
CHARLESTON, q G., Oct. Spirits turpeptlne
firm at Az; receipts sales - xports -.
Rosin hrm receipts sales 300; exports
Quote: A, B, C, u, E, 81 10; r tls5; G, 81. 90;
E 1885; l, 1900: K $3.50: N, 1895 n, $3.50; VIC
- w W; .e3.65
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1902-10-04
SPECIAL RATES TO WASHINGTON
AND NEW YORK VIA S. A. L.


On account of G.. A. r. Encampment,
Washington, D. c., and New York, Octo-
Der 9Th to 18th, S. A. L. will sell round
trip tickets from Raleigh to Washing
ton for $3.50; to New York, $3.50. Tick
cts to be sold October 3rd to 9Th, in
elusive, final limit on Washington ticket
October 18th, but can be extended until
November 3rd upon payment of fee of
so cents. New York ticket good until
October 18th. Stopovers en- route can
be arranged for ten days at any point
within final limit of ticket.
Tickets on sale at city ticket office
and Pullman reservations can all be
made.
For further information apply to
c. II. GATTIS. c. p. and T. A.
II. s. LIZARD, #. p. A.
Raleigh, N. c.
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1902-10-04
Sheppard Platt.

Especial to News and Observer
Winston Salem, N. c., Oct. 3.-Miss
Marion Sheppard and Mr.. W. NJ. Piatt,
two popular young people, surprised
their friends this afternoon by getting
married. The ceremony was performed
at the Episcopal rectory.
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1902-10-04
STOCKS.
NEW YORK MONEY

NV YORK I. 3 Il m.-MoneV on call
6rm at e@s pei cent; ciosing offered at
per cent; last loan at per cent: ruling
rate :. ger cent. Prime mercantile paper
per cent. Sterling exchange steady with
ictual business in banSers bills at 4.8i1l
Tor demand and at 1 s2804.s3 for 80 days.
Posted rates 4s3M04s7. Jommercial bills
LS9H. Bar silver 5UZs: Mexican dollars
40A. Government bonds steady; State bonds
strong; hsilsosd bonds regula-.
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1902-10-04

New Orleans, Oct. Spot cotton quiet;
unchanged.
The future market opened three to fous
points higher and fuctuated up to IL a.
m. over a range of from three to six
points. The bureau report was SUI :
prise Leading bulls as soon as the hg-
ures 5S.3, were announced. made frantic
efforts to carry prices skyward. They
jumped December 8, January 6 and
March points from which level they
quickly receded, leaving the net gain at
the close about to points above yes
terday'S close.
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1902-10-04

weather prices for that cereal We're
strong and higher, December closing 1c
over last nights close December wheat
closed &c higher, while oats We're 1Hc
higher. Provisions ruled strong and
closed from 7lA@f0c to soc higher.
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1902-10-04

The government report published at
noon today, practically confirmed our
forecasts the actual figure being 5S.S,
which represents the condition on Sep
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1902-10-04

WANTED-IN EVERY
where at present no Tribe exists, to
represent the Improved Order OF Red
Men, the oldest Fraternity in the
United States, of purely American
origin Liberal inducements to proper
parties. For further information adj
dress with references, w. Ben Goodwin.
Box 226, Elizabeth City. N. G.
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1902-10-04
THE BEST PRESCRIPTION FOR MA
LARA

Chills and Fever is bottle of Groves
Tasteless Chill Tonic. 1t is simply Iron
and Quinine in a tasteless form. No cure
no pay. Prico soc. tf-eod
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1902-10-04

SEABOARD STOCKS AND BONDS
BALTIMORE, Get. 3-SeaboArd Air Line
coupon 3Oh030A preferred 49MO50h.
BondB-4a Ssh 0s5A.
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1902-10-04
BALTIMORE PROVISIONS.

BALTIM0RE. Oct, 3. - Flour was dIli; utter
extra = S0l3 co; do. clear 3. 1903 IS; do slrtgh
IS 2513 40; patents IS 70ll3.sh Il
Wheat easy; SPOT AID October 7lG7fA ID, =
cent er 7z4Gt72h; No. red -; steamer No.
red 69ss; Southern wheat by sample 64Q72M;
Southern on grR e..
Corn frmer; spot -; or old, November
SO tbs year 48%04Sh No. 2 mixed .;
Southern " ita corn 6tQ169.
Unts Arm; No. white, new, 3i035; No.
mixel new, 29HQ30
I'VE active; Nc nearby, 5iQI5lh; No.
western 55ts.
Butter firm: fancy imitation 1920; fancy
creamery 2392l; fancy ladle store packed.
Eggs firm; fresh 220023
Cheese hrm; large l0%0l1; medium II6D1 q
small l0ss9l0%.
Sugar tirih; me and coarse granulated 4.76K
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1902-10-04
Tarrant & Kings Cotton Letter.

Especial to News and Observer.)
New York, Oct. 3.-The following are
he quotations for cotton today:
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1902-10-04
COTTON future. closed Ste Nv
NEW ORLEANS COTTOl

Spot cotton closed steady: mid ling uplands
9 "a; midnnns gulf 10: sales bales.
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1902-10-04
GRAIN AND PROVISIONS.

Chicago, Ills. Oct. 3.-Corn today was
again the absorbing feature on the Board
of Trade and with generally unfavorable
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1902-10-04
NEW YORK

Il.OA ~
grade, 20 80
NEW YORK
NEW YORK, Jet 3-FIour was fairly ac-
tive. Minnesota patents % $4,000. do. baker
o.. 1903 80; winter straights S3.601390; winter
patents S3.55G13 30, low grades ~. 05lD3 -.
Rye flour steady to good s3250S. 30; choice
to fancy S3.55GD3.7O.
Germ meal eady; yellow western l.34; CITY -
brandywine s3.4513.55
Rye steady; No 2, ~estern So; 5sA; stae Sc.
Barley steady feeding 43; mating 505ld
Barley malt du'l: western 65G166.
WLeat-Fpot firm; No. 2, red, 74M. Options
Corr Spo. finn: No 2, 20 opto 's-Jsn-
ury 81; Nav .4i9s; octo er 63h; November
o IS s1ot frm; No. s3X. Options May
-: DC ole is: December 37H.
sss5 ,d nr H n. 60 eet inns
La arm: western cite ,mpdsc.6'; October
1880; refined Brm; TO the Continent lc9t
Pork du /; fan ilV SO50Q LEO; sLort ce3r
-l9 !,Q2 60: mess ! 0CGDlSi5.
Taow hrm; city go per package So coun-
try acka ges f5cel 6G6A
Rosin steady rnned common to good, l.o7.
Tufp, nnne firm ut 49h0s0
Rice firm; domestic, fair to extra 4ASo;
Japan +5s0b1B.
mid, quiet; Cordova 8Wllh.
Sugs raw m; fair refining Z;
CT ntrifugal, 96-test, 3!-.6; refined sugar nrm;
mould A 4.9o; standard 40; confectloners A
S.: cut loaf So; crushed $50; powdered 4.SJ:
granulated 40; cubes 4 o.
Molasses steauy New Orleans. open kettle
good to choice 3304l
Butter STEADY; eet creamery 22M: western
creamery. fresh 22H imitation creamery l40lS;
fact Jrv tQ9: State dairy l7O2iH
Cheese hrm; full cream, small color~d, IL;
small WEl'e ~
Eggs steady; yerAge best 220H' State and
Pennsyvanla 2!124; western, candle l. 2lO2i
r, 5rige ated lsG1 Il; southwestern, 1907.
Potatoes steady New YORK anu western i.5O
OTIS: ersey l.o001l 621s: Long Island 1891 10
south Jersey sweets 5000! 80
Peanuts nrn.; fancy hand picked 5Aaoh; do
nestle 5HGp54.
Cabhages quiet: Norfolk, barrels -; Long
Island, per 100, S2.0002.50.
Freghts TO Liverpool; cotton by s'ean ef lac;
grain Id.
Cotton seed oil was firm. Prime crudo
barrels T. o. b. mills, 2SGDZ9 prime ssumlD Ell
yellow 5000; of summer yellow 80; prime
white "A; prlIne winter yellow "A; prime
meal S27.O0328. % nominal.
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1902-10-04
SEw ORLEANS, La, Oct. g. Gotten futures
LIV ERPOOL,

LIvsRPc OIL. Oct. 3 "A P. M.--Spot cotton
GOOD business dom; American midoling fair
sid; good middling 4 Gid; middling 5.Sid ;
low middling 4,74d; good or iiniry 62d ,
ordinary OIL. The sales of the day were 1000
bales OF when 500 were specu'ation and EXPORT
aud included 400 American, Receipts LOCO
ia es nciuoing 10 American.
Futures opened as2er and clio ed easy.
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1902-10-04
BONIB.

Mex. Cen. 4's.... 81
do 1st inc. -. 294
MINI. & St.L 4's1O4
M. K. Il T. As. 100
- 2nd's...... a3A
N. (. G. lists.
do gen 3 1-2'.107
N J. G. gen. 5's..135K
No. Pac. 4's......1o3M
3" 3's.........., ~
N. &. W.con. 4's.1o1
Reading gen. as 90
st l. & Mton SIS 114K
st. L. rs Fgen4's1t or
St.L. S'wes rs. SO
do 2's........ 80
S. A.&A.Pass AZ 20
So. Pac. 4's..... 93M
So. Railway S's.11sA
Il. q ?. 1sts......12O5s
T. st. Law. AS. tOH
Union Pac. as. .1o4B
do. cow. 4's.1o9
Wabash 1sts.....119
=" ends ........1tO
do. Deb. B. -. S3K
West Shore 4 8. .113A
w s. L, E. as =. SO
wis. Cen. As. -. ga
Mobile & o. as. 60
G. of Ga. con SIS. .11OH
" list incomes. 81
" I'd inc0mes 39H
Con. Tob.. 4's... %
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1902-10-04
CASH quotations were as follows


Flour was steady: winter patents $1,000
$3.50: Straights g. l0DS.S0; clears S2.700aO0; DO
sprlng specials s.30; spring patents - 4OQ5 ~;
do straights 81 90QD3.20: bakers 81 30lb2.S0
Wheat--No. 2 spring 73D731a; No. 5, e9g7l; No
2 red, esAQf9A Corn-No. ?, 6l16Ih; No
yellow 62S. Oais--No. 2, %; No. Z, white,
=; No. 8white 3oQ1351l. Rye-No. 2, 4s. Barley
good feeding .; fair to choice mailing $3.50;
M. max seed e1.27; No. northwestern .2s.
Prime timothy seed O.. Mess pork per lbbl.,
90SI7O. Lard. per 100 lbs -. Short
riLs sides (lUose) ell2oloIl 40. Dry-salted shout
ders tboxed) 9409M; Short clear sides tboxed)
II5C0IL67X, Whiskey Ell 90. Glover contract
grade, 20 80
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1902-10-04

J.S.Ref. 2's reg. 109H
s. S. Ref. 2's cou 1o9K
U. S.3'sreg ......1o7K
" coup ........108
U. 8. new as reg 1867
" coup ...... .136A
U. s. old as reg.110h
A" coup ......11Ok
U. s. SIS reg.....1osA
q" COUP. ....105A
Atch 'sn Gen. 4's.1o1A
" adj 4's...... 96
Bait. q o. AS. ..1olA
do 3 1-2's. 81
do cow. 4's..111
Can. So. 2nds....1o7
G. Of G. 5's.......1o9
&" 1st incomes, ~
G. & o. 4A's.... 100
| G. & A. 3 1-2's... 81
c.. B & @. "a. 90
| CM&StP gen 4's114
| c. 81 N. con rs. .135
c., X. |. g p. 4's.1o9
CCC&SLgen4's.101h
Chicago Ter. as. go
| Colo. So. 4's..... 93h
D &. Rio g. AS. 1o1
E. prior lien as. 99X
Erie Gen 4's..... s32
F.w.&.D.C.1sts .111A
Hook. V.41-2 sl1o8
L. y N. uni. 4's ..1o1
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1902-10-04

THEODORE H. PRICE.
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1902-07-25

The value Of property in farms, including
stock. increased 2S.4 per cent. from 1890 to
1900 This means that the increase of farm
property during the decade was more than
Z per cent. In excess of the per cent. of
increase OF population. IL the per cent. Of
increase OF farm property should be com
pared with the increase OF rural population
it would be found to be double. which
shows that the farm population has done
very well the past decade. and remarka-
bly, we'll when it is considered that the
gains were generally made during the las.
three years Of the decade. The value of ALI
farm property is s2O. .OO1. SIS. which is one
fifth Of the entire wealth of the country
the entire wealth OF the country, by the
last census. being about $3.50 600 900. In
1850 IT was $4,000 100000. so that the wealth
OF the country has more than doubled in
twenty years, and farm property now must
be nearly equal 10 half the entire wealth
of the country in 1850. In the list OF agri-
cultural States Indiana stands fourth. be-
ing preceded by Missouri. Iowa and nli-
nols. and Immediately followed by Ohio,
Pennsylvania and New York
Those who write OF this subject in con-
nection with the present figures note that
the average farm income is but $625. while
that Of all classes In cities is considerably
larger. From this they reason that the op-
portunities for larger gain in the cities
lead ambitious young men to leave farms
to make their fortunes at other vocations
II is very doubtful II a large part OF those
who go 10 the cities are so well
or all things considered, as they
would have been had they lived
on farms. The real cause of so
many young men going from the farms
to the cities is that the farms with ma
chinery car be worked with far fewer men
than they could years ago. so that farm
ers sons have been compelled 10 go TO
manufacturing towns and cities to get a
living. 1t is cause for congratalation that
the outlook OF agriculture is so promls-
ing. and that 1t Is so much improved from
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1902-07-25

ditions. and whatever may be said OF the
ex-mayor he always notes the environment
He understands that Mr.. Kern and Mr..
Morss are the aspirants for the caucus
nomination OF the Democrats for the Sen
ate and he would not interfere. Mr.. Tag
cart knows that such nomination is COM
plimentary and nothing else, and such
trifes are not attractive TO the ex-mayor.
He would like the position of chairman Of
the Democratic national committee. be-
cause It is a place Of power and influence.
For that place he probably has the support
Of his party in the State, unless Mr.. Dough-
erty, OF Button, still harbors the spirit Of
revenge because Mr.. Taggart rejected his
candidate for chairman Of the state COM
mittee. Even the quasi confession OF Mr..
Morss that he is Indifferent TO Mr.. Tag
CARTS ambition will not count much against
him. unless he should make his support of
Mr.. Kern too pronounced. Of which there
is little danger. since Mr.. Taggart does
his best work in gum shoes.