davidaulloa/AmericanStories huggingface dataset:
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1902-05-04
AN AUTHORITATIVE STATEMENT.
CHICAGO ENGLISH HIGH AND MANUAL
TRAINING SCHOOL.
Training Department.
Chicago. III. Feb. Z. 80.

Mr.. George r. Sherwood. Chicago
My Dear Sir: l would report on machines
constructed under my supervision for husk-
ing, stripping. and de-pithing the Indian
corn plant for paper stock and feed. as fol-
lows:
The husking attachment IS novel I'm de
sign, simple in construction. has large
capacity, and works completely without
Smelling the corn, separating also the fine
inner husks from the cOarSer.
The shippers remove the leaves and
coarse husks. leaving the stalk clean and
free from. all dirt as well as leaves.
The clean stalk then passes OF 10 the de-
pithing section Of the machine. which sep
arates the shell from the pith. accomplish
ing this operation thoroughly without in
jury TO shell or pith.
As 10 strength: All parts are heavier
than ordinary usage would require. Weight
about 1000 pounds.
The output is limited rather by the oper-
atOr's feeding ability than by the CAPACITY
of the machine. A conservative estimate
places the minimum capacity st six tons
per day of ten hours.
The power consumption is from five 70
seven horsepower.
The power consumption is from five &c
seven horsepower.
The details Of the machine. which tend to-
ward long life, namely: Rightly. ample
bearing surface. perfect fabrication. and
an absence of complicated parts. have beer
constantly in mind during its design The
machine can be operated by any man, and
in case Of breakage, repairs may be made
in ordinary shops by any mechanic.
The machine ~accomplishes in a direc'
mechanical way the purpose for which il
was designed, and opens up "A field which
in my opinion, is full Of possibilities.
All Of which is respectfully submitted.
j. c. MILLER.
Mechanical Engineer.
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1902-05-04
Bank Statement aused n Rally.
tGranger Farwell & Co.'S telegram
YORK Nav 2-Tbe p,arka+ ro1Ige

GGranger Farwell & Co.'S Telegram.1
NEW YORK. May 3.-The market rallied
somewhat after the bank statement came
out on the theory that it had been dis
counted. az the showing was about as ex-
pected. a few shorts covered also, which
helped somewhat. but there was a very
the close. and the best posted people be-
lieve there will be plenty Of stocks for sale
on any moderate rally. II was reported
early that there was support in the Webb
stocks on the exchange, but this was only
partly true and applied principally TO Rut-
land. Bids for the stock were around par.
Adirondack Is still demoralized. with so bid
and par asked at the close. Curb securities
continue in q demoralized condition.
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1902-05-04
A NEW INDUSTRY Tt eszA M!A ENORMOUS WEALTH

This IS an age of machinery. not only
for the saving of labor, but for the utiliza-
ton of heretofore wasted Materials. so
that from crude substances a very high
maximum of finished products ready for
the market are being secured. The United
lied world. there being raised over 2,O00,OO,-
coo bushels on S0,OOO.OOO acres grown each
year. This enormous crop, under present
methods OF utilization, is raised entirely
for the kernels, 1900, 10000 ears. After the
ear has been husked the balance of the
plant except a small per cent. Of the fodder
saved for feed of stock, is wasted.
When IL is considered that the greatest
crop in the temperate zone is only One-haif
used and the other half wasted, while it
can be turned into food, paper, and other
products OF great value, some conception
can be formed of the enormous business
opportunities there are in the field of utiliz-
ing wasted corn stalks-ten times greater
opportunities than the utilization of for
nual crush 450 mills are used. employing
a capital of nearly one hundred million
dollars and giving employment TO $4,000
men.
Such machines TO save the corn stalks
from waste in a practical way by thrift.
intelligence, and sound business methods,
together with the processes used in the
development, nave been invented. per-
fected and patented by GEORGE r.
SHERWOOD, of Chicago, for the complete
utilization of the component parts of the
Indian corn plants so that each part may
be utilized. These patents covering the
machinery, together with those patented
and pending on the processes for utilizing
the shell and pith of the corn stalk in
making paper and paper box boards and
other finished products. have been secured
by the
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1902-05-04
Tone of the Market Much Better Than
Had Been Expected.
NICE & Kiser's Telegram.l

Meyer & Kiser's Telegram.1
NEW YORK, May 3.-The feature of the
market at the opening was the absence of
any pronounced pressure to sell on the part
of commission houses. This was an agree
able surprise to the street, as it had been
expected that yesterdays break in the
curb market would necessitate considerable
liquidation. Another encouraging feature
was the character of the buying in the bet
ter classes of stocks. There was naturally
some pressure on the Readings. owing TO
the unofficial report that the recent confer
ence between the miners and the operators
had not resulted in any satisfactory settle
ment of their differences. People who claim
TO have reliable information now state that
n strong opening, declined rather sharply
on scattered selling and then became ex-
tremely feverish. The buying, however,
continues 10 be good, and those close to the
insiders predict very much higher prices for
the stock. The bank statement made an
entirely different exhibit than was ex-
pected. Instead of a decrease in cash of
some two millions of dollars. as had been
predicted by the New York News Bureau,
the banks actually gained over 81. 400, 900. 1t
had been hoped that the loans would show
a decrease, whereas, as a matter of fact,
they showed an increase of over so. O0O. 900.
the result being that the surplus decreased
nearly S2.OOO.0O0 and now stands at a little
over 100000, as against nearly / 1.O00.O 600
a year ago and nearly $16.0o0.OO0 in 1900.
Probably the condition of the banks is
better than is shown by the statement. in
asmuch as the liquidation during the latter
part of the week on the Stock Exchange
must have resulted in the paying off of a
fair amount of loans. The statement was
on the whole we'll received and the market
closed steady, and in many cases at nearly
the best figures Of the day.
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1902-05-04

unpleasant. AfterWard Professor Wheeler,
of Texas, was induced TO repeat the gas
tronOmic adventure. His report concerning
the insect he devOured was that the flavor
was slightly sweet and distinctly "nutty. -
and he earnestly invited naturalists 10 eat
insects indiscriminately on all their eXpedl-
tons. That, Professor Wheeler declared.
would be the best way To dispose OF the
theory that some insects We're harmful 10
birds. lizards and frogs. and that their col
ors were self-protective in warning those
creatures TO abstain from gobDling them up.
But Guy Marshall, the distinguished nat
uralist.of Newfoundland. after proving that.
as q matter Of fact. frogs, birds and lizards
do abstain from eating the highly colored
c~aterpillars, pointed out that the personal
tests made by his brother entomologists
were Of no worth. inasmuch as man was
not naturally an insect eating animal. and
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1902-05-04

mercantile paper, 4A@5A per cent. Sterling
exchange steady; actual business in bank
ers' bills, A.S77s for demand, $4.S5kQ4S54
for sixty days; posted rates, $4.S664.s61z
and S4SS12G4.S9; commercial bills, $4.S4%Q
1853. Clearings. $354,06S, M; balances, $13,
116, 574.
Observation-Disclosures paper, 46t
per cent: time loans. sac per cent. Clear
ings. 81, $50. 1862 balances, 1888. 511.36.
CHICAGO.-Posted exchange, A.S6 for
sixty days; $4.S81a on demand. New York
exchange, zoe discount. Clearings, $780, $40, 091
balances, $2,9S0,O29.
MISUNDERSTANDING, sos, 667, 41S; balances,
$2,460, 13.
PHILADELPHIA.-Money, Az per cent.
Clearings. $685. 5I,4 24; balances, $500 54.
ST. LOUIS.-Money steady at 412d6 per
cent. New York exchange, par. Clearings,
$S.O3S, 357; balances. $1,31S, 442.
BALTIMORE.-Money, 8 per cent. Clear
ings. A,0S4, COS; balances, $597, 2S2.
CINCINNATI.-Money, 31k66 per cent.
New York exchange, 1GQ15c premium.
Clearings, $2.477.3O SOC.
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1902-05-04

top of the jam ducked instinctively to right
and left and began to scramble towards
safety. The men below, at first bewildered
and not comprehending, finally understood
and ran towards the face of the jam with
the intention of clambering up II. There
would be no escape in the narrow canyon
below, the walls OF which rose sheer.
Then the flood hit sQuare It was the i'm
pact of irresistible power. a great sheet
of water rose like surf from the tail of the
Jam; a mighty cataract pc Ired down over
its surface, lifting the free logs; from either
wing timbers crunched, split, rose suddenly
into wracked prominence, twisted beyond
the semblance of themselves. Here and
there single logs were even projected bodily
upwards, as an apple seed is shot from be-
tween the thumb and ~forefinger. Then the
jam moved.
Scotty Parsons, Jack Hyiapd, Red
Jacket and the forty or fifty top men had
reached the shore. BY the w~riggling actiV-
ity which is a riverman's alone they sue
ceeded in pulling themselves beyond the
snap of deaths jaws. 1t was a narrow
thing for most of them and a miracle for
some.
Pine Jim, Big Nolan and Mike Moloney,
the brother of Bryan, were in worse case.
They were, as has been said. engaged in
"hattening' part of the jam about eight or
ten rods below the face of IL. When they
finally understood that the affair was one
of escape they ran towards the jam, hoping
to climb out. Then the crash came. They
heard the roar Of the waters, the wrecking
of the timbers. they saw the logs bulge
outwards in anticipation of the break. I'm
mediately they turned and fled, they knew
not where.
All but Jimmy Powers. He stopped
short in his tracks and threw his battered
old felt hat defantly full into the face of
the destruction hanging over him. Then,
his bright hair blowing in the wind of
death, he turned TO the spectators standing
helpless and paralyzed forty feet above
him.
1t was an ~instant's impression-the ar
rested motion seen in a flash Of lightning
and yet TO the onlookers il had somehow
the value OF time. For p~erceptible duration
it seemed TO them they stared at the con-
trast between the raging hell above and the
yet peaceable river bed below. They were
destined to remember that picture the rest
of their natural lives, in such detail that
each one of them could almost have re-
produced il p"hotographically by simply
closing his eyes. Yet afterwards, when
they attempted to recall definitely the inn
preston, they knew ii could have lasted
but a fraction of a second in each mans
mind. the images of the fleeing men re-
tanned definite attitudes. It was the in
Simultaneous photography of events.
so long. boys" they heard Jimmy Pow
ers's voice. Then the rope Thorpe had
thrown fell across a caldron of tortured
waters and Of tossing logs.
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1902-05-04

Philadelphia Record.
Have you ever noticed how many sui
cldes do the trick with carbOlic acid2" asked
q druggist yesterday. Without having any
actual data on the subject. I should say
that fully one-third, perhaps a half. use
that means OF exit. IL is something / could
never understand. because there are 50
many more comfortable ways OF doing 81.
There could not possibly be a more agOniz-
Ing death than carbOlic acid poisoning pro-
duces. The corrosive fluid burns the mouth.
tie tongue and throat. then passes into
the stomach and must feel like 50 much
hot lead. II doesn't last long. though. but
until death comes the victim must suffer
unknown agony. still, no one ever takes
II twice"
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1902-05-04

and moisture proof is to paraffine them.
This paraffine treatment make the paper
or board very expensive. We can produce
from the pith of the cornstalk a board OF
paper that is both grease and moisture
proof. samples of a very thin paper have
been covered with grease and hung in the
sun for three months, but the grease did
not penetrate the paper. The composition
.Of the paper so tested was entirely of the
'pith of the cornstalk prepared by this pro-
cess. Many of the most experienced paper
and paper board makers in America have
Examined the sample of paper and paper
box boards made wholly from the shell Of
the cOrnstalk, and that made wholly from
the pith, also that made from a mixture Of
the pith and the shell, all by this process,
and pronounced them superior in quality
for the purposes intended. All who have
examined the bleached pulp made from the
shell of the stalk say it is far superior to
any soda pulp produced. and or sufficient
strength and irmness to make all kinds of
fine papers, such as book, writing, ledger
and bond. The cost of producing these
grades of pulp, paper and boards is far less
than the cost Of producing them by present
materials and processes
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1902-05-04

box boards. whose raw material is either
straw or the waste paper stock gathered
from the streets and buildings. the capac-
llty OF which mills is about 1,60, GOD tons
per day and not sufficient to supply the
present market demands. The she'll OF the
corn plant, when treated in the same man
ner as straw in the manufacture Of straw
board, produces a board superior 10 straw
board, and therefore worth more money,
while the cost of production Will not be
The grades of boards manufac-
ltured from waste paper are of a higher
market value than strawboard, but the
board produced from the fiber of the corn
plant, when treated under this process.
Will make a box board superior to these
lat a less cost.
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1902-05-04
Organization and Development Plan.

This company proposes TO organize sepa-
rate local companies 10 build, equip and OPP
crate de-plthing plants.
Each local company will have the neces-
sary working capital. and OF this capital
local parties where a plant is TO be located
are expected to subscribe for 45 per cent.
of the amount, the balance of the capital
stock TO be held by the National Fiber and
Cellulose Company, and represented in the
enterprise by machinery, patents and pro-
cesSeS.
These local companies shall pay 10 the
parent company a royalty of $l.0 per gross
ton put through each machine
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1902-05-04
National Fiber and CelIuIose Company,

Incorporated under the laws of Delaware
with a capital of SO, 900. 900, divided into
shares Of $40 each, full paid and nonas-
sessable. To accomplish this, it will or
ganize local companies throughout the
corn belt to operate plants under it's pat
ents and with its machinery; il will build
mills for manufacturing pulp, paper. paper
box boards, and cellulose compounds; It
will establish and operate such factories
and agencies as will best convert the raw
parts into most profitable finished prod
rrafG
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1902-05-04
Wood Fiber Mills.

There are in the United States to day
about 100 ground wood plants. q soda fiber
mills, "a sulphate mills and IS wood pulp
board mills. Canada has 50 pulp mills.
soda fiber mills, u sulphite mills and Il
wood pulp mills. Here are approximately
2S5 mills grinding wood night and day, and
while the exact amount us I'd ny them daily
is not known, it is a fact tina
the pulp wood of this country has, to a
large extent, been consumed by these
grinders, and just as the wood is about
exhausted cornstalks are made available,
furnishing the fiber for the world in a bet
ter manner than wood has done, because
the fiber is superior, and the time will
never come when the supply will be ex-
hauSted.
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1902-05-04
Earning Power of Each Local Plant.

The minimum amount Of corn stalks
which one of these machines will handle in
a day of ten hours is six tons. Ten ma
chimes tan average size plant, will handle
sixty tons per day, and operated 800 days
per year Will handle 1900 tons.
The minimum value of this tonnage will
be about as follows:
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1902-05-04

the gold export point. in spite OF the rise
IN local money rates, has kept alive the
question of gold exports.
Tn bond market has been affected by
the late weakness in stocks and prices
yielded in sympathy. United States new
tours. registered, declined IA, ana the new
fours, coupon, II per cent. as compared
with the closing of last week.
Following are the days share sales and
the RECORDED price changeS.
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1902-05-04
Other B~i-PrOduCts.

In addition to it's value in manufacturing
paper and paper box boards, the pith of the
stalk is in great demand. and very VALUABLE
in preparing celluloSe, gun cotton, smoke
less powder, varnish and sundry other
products. The manufacture OF the forego-
ing articles from the cornstalk is not a
theory, but a demonstrated practically.
BY mixing with the pith treated by this
process the waste clippings of leather, of
which Chicago alone produces about ten
tons daily, we can make a floor covering of
a superior grade, and at less cost also wall
decorations and paneling capable of being
embossed and finished in a highly artistic
manner, and at moderate cost.
By this one can judge of the enormous
field of usefulness of the Sherwood process
and the fabulous wealth it must create. 1t
will build up industries popular with the
farmer, whom they will enrich: it means
business for all concerned, for the manu-
.facturers of machinery. for the builders of
paper mills. for the railways in carrying
the products, and for the laborer, for
whom new avenues of employment will be
.opened.
In each locality where a de-pithing plant
will be located a new enterprise Will be
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1902-05-04

The banks now hold $7.4S4,OO in excess of
reserve requirements under the . per cent.
rule.
The Financier says: THE official state
ment of the New York associated banks
last week showed an increase of S1.433, 200
in cash instead of a decrease of S2,5Ol, 500,
as was estimated from the traceable move
ment of money during the week. The
striking feature of the official statement
was the large increase of Sl0. 76S. 400 in loans.
This may be regarded as surprising, con-
sidering the fact that there was good evil
dence of large calling of loans early in
the week. incident 10 preparations for
the disbursement of May interest and div
ldends, and considering also that there
must have been more or less liquidation
of loans due TO syndicate operations of
some magnitude, possibly resulting in
of 100000 for Pennsylvania bonds. and
OF a like amount for Rock Island pur-
chases. The deposits were augmented by
S13. obs. 600 or SI.440,9OO greater tar was
called for by the increase in loans and
in cash. The statement was, therefore,
out OF harmony. The required reserve
was increased $40, 80 by the gain in de-
posits; deducting therefrOm the increase in
cash leaves S1.4T.O5O as the loss in sur
plus reserve. reducing this item 10 S7.4S4.-
coo; a year ago the surplus was SO. $50, 100.
The most notable changes in loans We're by
nine downtown banks, which showed a
net gain of &.S0.O0: four of these banks
increased this item $9.S0.000. while two of
the banks indicate a decrease OF 5000 900.
Two Wall-street institutions gained S3.l00.-
600 in specie. while two others lost $500. 600.
The clearingS OF the associated banks show
an increase of about $l 100000. 1t ap-
pears probable that. as was the case in
the previous week, the cash of the banks
was made up on rising averages. and
moreover. the condition of the Institutions
should improve during the current week by
reason Of the fact that treasury disburse-
ments for interest were large on Friday,
and payments by banks into the treasury.
on account of retiring circulation for May
and also for the return OF public deposits,
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1902-05-04
Specie and Merchandise Movement.

NEW YORK--Exports of specie from
this port to all countries for the week ag-
gregate S2O6, 947 in silver and S6.507 in gold.
Imports of specie were $3,9S7 in gold and
so. 10S in silver.
Imports of dry goods and merchandise at
the port of New York for the week were
valued at So, 77S, 755.
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1902-05-04
IlmperyiOusness.

For years men have worked in the hope
of securing a board and paper that will be
proof against moisture and grease. for
packing cereals and products of cracker
factories, soap, washing powder and many
other absorbants of water and grease that
are put upon the market in paper packages.
The best and about the only method known
to make the ordinary board paper grease
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1902-05-04
Money Rates Abroad.

LONDON.-Money. 21k per cent; dis
counts. 2zq2 1916 per cent. Consols, "a 1916
as. Spanish fours, 1875.
BERLIN.-Exchange on London, Pom 49pf
for checks. Discount rates: Short bills, ~
per cent; three months bills, Us per cent.
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1902-05-04
BURSTING OF A LOG JAM.
A Scene Not Uncommon Once in Ger.
tain Timber Regions.
From "The Blazed Trail.''

IN D-uNNN IIl1I.
Down the bed Of the stream from the up
per bend rushed a solid wall OF water sew
eral feet high. 1t flung itself forward with
the headlOng impetus of a cascade. Even
in the short interval between the visitors
exclamation and Carpenters rapid gesture
ii had doomed into sight, twisted a dozen
trees from the river bank and foamed into
the entrance OF the gorge. An instant later
il collided with the tail Of the jam.
Even in the railroad rush OF those few
moments several things happened. Thorpe
leaped for a rope. The crew working on
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1902-05-04
Great Waste in the Corn Belt.

In the States of Ohio, Indiana, Illinois.
Iowa, Missouri. Nebraska and Kansas there
are over fifty million tons of the corn plant
wasted annually. The other corn-growing
States produce and waste in like proper
ton. 1t certainly cannot but appeal to the
best judgment of any thinking man that
machinery and processes with which this
enormous waste can be proftably utilized
in so practical a manner are a part of the
great inventions of the age and will add
vastly TO the wealth of the country
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1902-05-04
Treasury Statement.

Observation-Disclosures statement of
the treasury balances in the general fund,
exclusive of the $50. 000. 600 gold reserve in
the division Of redemption, shows:
Available cash balance.............s1S 4, S3 ,035
Gold - q 12S 1S2
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1902-05-04
Markets for silver.

NEW YORK.-Bar silver, 5OAc: Mexican
dollars, 41c.
LONDON.-Silver bars closed at 23%d an
ounce.
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1902-05-04
Receipts.

Husks and leaves, 10 per cent. OF
total. or 200 tons. at $500 per ton. 21.sOO.OO
Pith and shell, IS per cent. of total
or Is. 300 tons, pith 2S per cent. Of
IS per cent, or 3,519 tons, at $15
per ton ............................. 52,7sS.OO
Shell. Y per cent. of S. per cent, or
n,71 tons, at $500 per ton......... 7o,sS6.OO