The mirror. (Stillwater, Minn.) 1894-1925, 1902-03-13


world with. The pay of a private enables him to
put comfortable sum aside each month if he
chooses to do SO. That few of them save money is
not the fault of the governments they entitled to
reasonable wages and they get it,
One Of The MIRRORS readers and contributors
has requested this paper to print of what
is known as the merger of the Great Northern and
Northern Pacific railroads, and the action taken
against them by the state of Minnesota. Any COM
ment on this matter is out Of the province Of The
MIRROR. The facts, however, are about as follows
About year ago the Chicago, Burlington and
Quincy railroad purchased by interests repre-
sentng the Great Northern and Northern Pacific.
The Union Pacific and Central Pacific demanded a
representative the board of directors of the re-
organized Chicago, Burlington & Quincy and were
denied. Then the now famous raid on Northern
Pacific stock made by Messrs. Hartman and
Kuhn, Loeb Co., on the one hand and Messrs Hill
and Morgan the other. The price of Northern
Pacific was driven up to 1000 When the smoke of
the battle cleared it seen that the Hartman
faction controlled majority of the preferred stock,
almost half the common stock, and enough of both
to vote their own men into Office.
In order to retain the control of the Northern
Pacific it was decided by Messrs. Morgan and Hill,
and those whom they represented, to retire the
preferred stock Of the road and in order to raise the
money to do this the Northern Securities company
was formed. This new company owns the majority
of the stock of the two roads passing through Min
nesota
The action Of Governor Van SAINT and Attorney
General Douglas in applying to the United States
Supreme court for permission to file bill of COM
plant against the Northern Securities company is
daily and weekly has been full of it since the first
of the year
CHARLES BROADWAY ROUSE, one Of the most
unique figures in the commercial life of York died
last week. He probably had as many ups and downs
in his life as any of his age. Born in little
Maryland village in 1884, starting in life penniess
Iad he was already in afluent circumstances when
the war broke out. He threw his fortunes in with
the of the south, and when the war was over
he was again penniless. Then he went to New York,
landing there with only couple of dollars in his
possession 1t is said of him that he at once de-
termined to own Fifth avenue house and a Broad
way store .both of which were his in the course of
time. He entered the dry goods business and pros
pered Then bad times and he failed; then he
prospered again and recouped his fortunes only to
once more fail and go through bankruptcy. AT the
tc VI HIS u0dGu u0 WAS owning
a house on Fifth avenue and store on Broadway
Ten years ago his sight began to grow dim and
finally he became entirely blind. When he realized
that this coming he offered million dollars
to anyone who would cure him. The offer was never
accepted.
No business man knew the value of advertising
better than Charles Broadway Rouse but the
methods he employed were shocking to the stad and
respectable old firms of the district With him it
was anything to keep his name before the public,
even if he had to suffer personal Inconvenience in
order to do One of his devices was to Fill his
overcoat pockets with small change and it broad
cast among the street gamins and newsboys of
Broadway during the busy hours of the evening.
When the crowd became too great, of the
police interfered, twice going to the
length of taking Mr. Rouse into custody-all of
which made good newspaper s'story" and was good
advertising for the merchant.
All through his busy life Mr.. Rouse ex-
tremely charitable. He subscribed largely to Con-
federae securites after he knew the cause was
lost and never was known to refuse work to a man
who had failed in business One Of his antipathies
and he had many strong ones-was total absti-
hence. He would employ drunkard but refused
to- listen to one who believed in total abstinence
With all his peculiarities he was possessed in an
unusual degree of those fundamental qualities of
success in, business perseverance and sef-confi-
dence