davidaulloa/AmericanStories huggingface dataset:
Omaha daily bee., 1902-08-23
Isuccens I'm Life.
San francisco Chronicle.

san FTancisco Chronicle.
There are scores of living men who might
be mentioned who have attained to all that
goes to make up success as 1t is commonly
estimated. They lave wealth, social and
political influence and popularity; they have
everything that heart can wish, and yet the
man of the world Of the average sort would
not for a moment admit that their success
is to be compared with that OF the man who
has lost everything yet has served his coun-
try as a patriot, has made the foundations
Of the state a little stronger, the life of the
common people a little sweeter and happier,
has given to his family and his friends an
example Of unspotted rectitude and in do
ing these things has missed personal ad-
yancement and pleasure,
Omaha daily bee., 1902-08-23
WHO PAYS THE RAKE Off
Fancy PrOhts Gathered In By Trust
Underwriters.

EAAGE4t
Chicago Chronicle.
Two recent dispatches from New York
show that there is money in some trusts
for SOM people.
One Of them states that the members Of
the underwriting syndicate for the United
States Steel corporation has received a
third dividend Of 5 per cent on the face
value Of the 5000, 900, 900 for which they are
liable.
The syndicate was called on to advance
only $4,000, 900 Of the 5000, 900, 900 for which
II was liable. 1t has now received $50. OO0.-
900 as compensation for assuming the liza
bility in addition to the cash which it ad-
vanced. That 10 to say, 1t has cleared 1875
per cent on the cash actually advanced,
less a small sum in loss Of interest.
The other dispatch states that the latest
underwriting syndicate formed by J. Pier
pont Morgan for the purpose Of taking
over the Monon railroad for the Southern
railway and the Louisville & Nashville has
received a profit OF $S02, 800 without having
advanced a dollar.
That was clear profit, or compensation
for assuming a liability which involved mo
outlay whatever.
For the enlightenment of the uninitiated
In the mysteries of trust financing It may
be stated that an underwriting syndicate
for a trust is a syndicate which undertakes
to supply a certain amount of cash II 1t is
round TO be necessary for the purpose of
taking over" the plants Of the constituent
concerns.
In the process of forming a combine
some Of the concerns which are wanted or
some Of the stockholders in SOM or all Of
them may decline to take the stock or
bonds Of the proposed corporation and de-
mAnd payment in cash. To provide the
cash which is supposed to be necessary to
meet these demand a syndicate is organ
lied.
This syndicate is promised liberal COM
pensation In cash-an agreed percentage
of the sum which 1t undertakes to ad-
vance. even though the deal may be car
ried through without its having to ad-
vance a dollar.
In addition to this cash compensation it
receives stock Of the combine in some
agreed proportion to the sum u~nderwrit-
ten, all of which is velvet"
AS appears from the dispatches above
mentioned in some cases the underwriting
syndicate has to advance only q small part
and in other cases none at all of the sum
underwritten, while the compensation is
the same as II 1t had advanced the entire
sum. 1t will be seen that the profits may
be enormous and out Of all proportion to
the capital actually advanced.
On the other hand, in some instances the
underwriters have to advance every dollar
and never get anything out but unmarked
able stocks and bonds
1t is proper, Of course, that compensa-
ton should be in some proportion to the
risk, but it would seem that Mr.. Morgan's
syndicates do not take very great risks,
while they rake in very handsome profits.
Who pays?
Omaha daily bee., 1902-08-23
DRIFT.

West Virginia has the highest proportion
of native-born voters Of American par
entage and Wisconsin the lowest.
When w. G. Whitney remarked that the
democracy was without a real leader he
must have forgotten the old reliable Adlal
z. Stevenson.
President Roosevelt alarmed the supersti-
tious among his friends by making the
thirteenth person at table at Oyster Bay.
While others OF the party exhibited much
concern the president treated the matter
with Indifference.
The democrats OF Pennsylvania in their
support OF Robert e. Pattison for governor
are d~evoting great attention to the issue
Of electoral reform, so-called, the adoption
OF which1s expected to do away with frauds
in balloting in Pennsylvania and thus bring
about a political revolution ID the state.
They depend much upon an expression OF
popular interest in this issue.
There is a plaintive note in Henry Wat
terson's words retiring from the race for
the nomination for governor. Sometimes
I have declared" he says, that 1 would
like the people to write governor Of Ken
lucky on my tombstone. But / should III
rest in my grave IL there were the sus-
BAlhOh VI y = aROA q VI Nhoh hCh
orable epitaph." Meanwhile the shallow
pated are overwhelmed with Joy.
New Jersey, small In area, gets as large
an increase in representation under the new
congress apportionment as Pennsylvania;
twice as much as Massachusetts or Con,
n~eoticut and prOportionately more than
either New York or Illinois. The large In
crease in its population consequent upon
the great development OF Its industries ac-
counts for a gain which is not evenly dis
tributed among the severed divisions Of the
state.
South Carolina elects a governor this year
and for the democratic nomination there are
three candidates.; James II. Tillman, now
lieutenant governor and a nephew Of sena-
tor Ttllman; Representative Talbert, a
confederate veteran and former superin-
tendent Of the State penitentiary. and
Captain Hayward. Democratic nominations
in South Carolina are decided at party
primaries and are ratified by the voters
At the polls at the regular election.
The democrats Of Michigan at their De-
troit convention put up a gold democrat for
governor and there has been some threat of
political reprisals by the silver democrats.
II Is a somewhat curious fact that although
the voters Of Michigan have been. unlike
the voters Of Wisconsin, frequently partial
to soft money or free silver. the populisl
party in Michigan never gained any inns
portant foOthold and Michigan has been
answering In It's support Of the republican
party.
Omaha daily bee., 1902-08-23

siz and seven years ago the biggest crop
that Nebraska could boast of was her
"anti-piutocracy' resolutions. Conditions
had been good for the lowing and the
eultiTating, and the spring and summer
OF 1896 found almost all classes Of Ne
braska people pelting the country at large
with platform anathemss against wealth
and banks and corporations and railroads
and everything In sight that was known
to be a single dollar ahead Of the game
and anxious to keep that dollar honest.
Nebraskans were poor, and they we're for
the most part consumed with a burning
desire to punch the whole wide world as
being responsible for It.
Today you probably couldn't get an anti
money-power or free silver resolution
through a Nebraska town meeting or any
political gathering there, or by any in
huenoe persuade more than one Nebraska
farmer orator to rise UP and d~enounce
things In general, as was their wont. They
haven't the time-much less the inclina-
tion. They are too busy getting rich
themselves. With only ineonsiderable
mineral resources and few manufactures.
Nebraska still has broad and broadening
farms that are proving in the long run
to be better wealth producers than mines
or mills or steamships. The yield
OF wheat and corn is unpre-
eedented this. year. and the Ne
Draska farmers are all overlooking with
Omaha daily bee., 1902-08-23
MORGAN IS KEEplNa BUSY.

The return of ]. Pierpont Morgan to
the United States is expected to be
speedily followed by interesting devel-
Opments. The speculative world is said
to be waiting with no little anxiety
for some further disclosure Of the plans
of the Colossus Of finance" Traders
have hesitated TO take any pronounced
position In the market until they could
discover which way the Morgan cat
was going to jump. There is no definite
information as to what was accom-
plished by MIR. Morgan in Europe In
regard to his international schemes, but
it is safe to assume that his efforts were
not without practical results. He was
a guest OF King Edward and Of EN-
peror William, but paid no .attentiod to
lesser monarchs. 1t is said that he has
carefully prepared the rulers Of Great
Britain and Germany for what il com
ing and that instead OF having their an
tagonism he Will probably secure their
cooperation.
MIR. Morgan has plenty OF worR to do
in this country. There are great
schemes yet to be carried out. One Of
these is the settlement Of the Louisville
& Nashville railroad deal, involving the
consolidation Of several lines. 1t is IN
derstood that all the details were ar
ranged while Mr.. Morgan was abroad
and that a plan has been drawn by a
railroad expert which the hnancier win
pass upon. If he approves the plan the
public will be given another opportunity
to add a few millions to the Morgan
fortune. The complete details Of the
steamship combine are yet to be made
public by Mr.. Morgan, If he purposes
doing so. According to the terms the
public has thus far heard, Morgan has
arranged to pay $160.OO0.OOO for one
group OF steamships hat can be dupli-
Gated with more modern slachinery for
$5O.0O0.OO0. yet there is no doubt he will
profit handsomely by the operation. II
was hoped that Mr.. Morgan would
make some effort to bring about a bet
Element OF the anthracite coal strike,
but II appears that he approves Of the
course of the operators. Nobody will
be surprised at this. since his
syInpathies are necessarily and from
self-interest with monopoly. There has
never been a fnancier who cared lest
for the public interests and welfare
than ]. Pierpont Morgan.
A New York dispatch says that what
Wall street expects him to do imme
diately is to start a new movement IL
stocks. Many are carrying a load o.
Omaha daily bee., 1902-08-23
Nebraska's Bumper Crop
New York Commercial.

AAAAltNNANAs
good nature and optimism. From trainers
Of resolutions and populist orators they are
turned jokesmlths and money lenders-if
they can hnd anybody to borrow their
surplus cash. They are all dangerously
near the plutocracy line. Lots Of farmers
have 5000, $4,000 or s25. 900 wheat crops;
there are reports Of several $40, 900 and
$50, 900 yields; and as to corn, all the known
adjectives out there are powerless TO ade-
quately describe the crop.
The Nebraska editor no longer de
nounces." He 1~aughs-and even tells 6
harmless whopper or two now and then. A
newspaper in Dawson county soberly dis
eusses the feasibility OF utilizing the corn
stalks to replace the rotting poles Of the
local independent telephone company. An
other country sheet insists that the corn
cobs will go to waste this year because
they are too big to use in the ordinary
furnaces, and the small number Of sawmills
In the state prevents any other use Of
them, unless the railroad companies will
employ them for ties.
And so 1t goes. Big crops in Nebraska
and big pricesl That combination can't
come every year, Of course. But the Ne
braskans are being given an opportunity
to reflect that 1t doesn't pay to fight the
benevolent system OF government under
which they live whenever prosperity doesn't
happen to be quite so overwhelming as at
present.
Omaha daily bee., 1902-08-23
DEMAND EXCEEDS SUPPLY.
why the Price of Meat May Continue
. High
John Gllmer speed In Succeed.

High, I
John Gilmer Speed in Success.
There is another important element that
seems to indicate that the price Of meat
will continue to be higher for a long time
there is a falling of in the production Of
cattle. In the United States, on January /,
1900, the oxen and other cattle numbered
27,610,054. At a corresponding time, four
years earlier. the oxen and other cattle
numbered 8 2,OS4, 400. There is a falling off
Of something like 14h per cent, during a
period when the population increased some
thing like 10 per cent. Here are conditions
which were not brought into existence by
the beef trust, nor yet by the predecessors
Of the beef trust.
Is the beef trust preparing to take ad-
vantage Of these eonditions2 That seems
very likely, for the men who have combined
to form this trust have waited Until now
to do 1t, waited until a time when the
eyes Of the whole country are turned upon
them to form a combination me- intimately
connected with the life and the happiness
Of the people than any of the other great
enterprises-the steel, the sugar and the
oil trusts, for instance. Is their purpose
sinister That can hardly be, unless It Is
sinister to employ large aggregations of
capital in q large way; for. after all, the
only security that the future holds out to
them is good service to the people. The
people are Just. beginning to look this
matter of trusts. They will understand
them very thoroughly before discussion
ceases, and, II they are baneful in their
influence, ways will be found to curtail
their power. Besides, beef cattle and other
animals can be raised and killed in the
old way in the older parts of the country.
But meat is likely to be high, II not as
high as at present, until the production
and the demand are in more harmonious
accord,
Omaha daily bee., 1902-08-23
THE "TIDAL WAVE" SCARE.
Apparently Sensible. People Innu-
enced by n Foolish Prophecy.
PHILADELPHIA Press.

enced by a Foolish Prophecy.
Philadelphia Press.
The fact that once a state of general APP
prehension is created, through no matter
what silly influences, sensible people will
yield to its meaningless menace is proved
once again in the matter Of the Atlantic
City tidal wave scare. While no one of the
thousands who took the scare seriously
would have been affected by it at first in
stance II they had heard Rev. Andrew Jones
u~ttering his absurdities on the street
corner, they were affected after the vague
prophecy Of an ignorant and foolish man
had been merged into a general rumor Of
impending danger. originating one knew not
where.
Now that II Is all over the whole episode
IL a commentary on the curious, half super
stitious attitude that so many otherwise
counted as well-informed and well-educated
people maintain toward all natural phe-
nomena. To them all the doings Of nature
are profound mysteries And since the
mysterious has always in 1t more or less
OF threat, more or less Of that which is in
exorable and malignant, as well as mex
p~licable. they are fearful Of phenomena that
are as orderly as the movement Of the earth
on it's axis and benehcent in effect.
II. for instance, the mass of those-leav-
ing out the ayowedly ignorant who were OF
the same race and color as the false prophet
who were apprehensive over the so-called
tidal wave" had had the slightest idea Of
wave causation they would have had no &C.
casion for fear. II they had Known the
simplest facts as to the conditions favorable
to earthquake waves or the factors in the
making Of storm waves that move outward
from some great storm center they would
have known what incredible folly lay in the
alleged ability Of an itinerant religious
mountebank to predict 3 tidal wave" But.
unfortunately, though our schools fuss over
nature studies to a marked degree. neither
the older nor the younger generation has
the slightest grasp on nature IN its larger
aspects.
Our faulty education is responsible. there
fore, for whatever degree Of importance was
attached to the rumors OF death and de-
struction that took on so vital an aspect to
so many people. Even the weather Is
taught ia some Of our schools. but by
teachers who have no idea OF weather causa-
tion and simply repeat old errors. while the
children idle away their time with kinder
garten exercises in the making OF weather
records.
Nothing is apprehended Of the broad prin-
eiples Of physics, nothing 10 understood OF
general t~endeneiesi everything is known
smatteringly. And. consequently. being but
little above
The poor Indian, whose untutored mind
Sees COD in cloud and hears Him In the
wind,
any idiot barking at the crossroads Il
listened 70 with mouth asap~
Omaha daily bee., 1902-08-23
IRRITATION Up-to-Date.
Philadelphia Record.

Irrigation is a process by no means con-
fined to the efforts Of promoters who are
owners of arid lands. The irrigation Of
stocks is an active fndlstry. A sharp
tongued contemporary says. when a rail-
road becomes prosperous It never cuts down
rates; It waters its sock until dividends
are reduced to nomf3sF proportions" The
trick is as old as the hills. There are even
political philosophers who insist upon irri-
eating the coin Of the realm.
Omaha daily bee., 1902-08-23
AMAZING AeRIcuLTrmAL rROeRrss
Dimensions Of the Main Pillar OF
American Prosperity.

American Prosperity.
New York World.
Agriculture being the main pillar OF
American prosperity the census survey OF
the nations farms just published is Of un-
usual interest.
From lite final footings we learn that the
total value OF farm property In the United
States in 1900 was $40. 500. 900, 900; that the
total value OF their products, including
crops, animals. poultry, eggs. dairy articles
and everything, for the preceding year (1sss)
was $3.50. lis, 752, and the gross income on
Investment" in farming for the whole coun-
try was 1873 per tent.
Analysis and comparison OF these huge
totals are necessary TO make them In
structlve. The number Of farms In 1900 was
four times as many as ID 1850 and one
fourth larger than in 1890. Their total
value was Eve times as great IN 1900 as in
1850 and 2s.4 per cent greater than in 1890.
The total value Of their products was very
nearly doubled in the one decade from 1890
to 1900. No such amazing agricultural
progress has ever taken place before in the
worlds history.
Nearly all this immense Increase In agri-
cultural values has taken place in the
north central and south central groups Of
states. In the north Atlantic division, COM
prising New York, New England New
Jersey and Pennsylvania, the total value Of
farm property decreased nearly $50, 900, 900
In the last decade. The seven leading agri-
cultural states are, beginning a. the west.
Missouri, Iowa, Illinois, Indiana, Ohio,
Pennsylvania and New York; and Abraham
Lincolnis state leads the union In the value
Of its farm property at $1,000 .si6, 1877, but
Iowa is q little ahead of all other states In
the total yearly value Of its farm products,
which is ss65. 100000 or s8O. 100000 more than
Illinois.
New York is not quite the Empire state in
agriculture. but in the total value Of its
farm property and its annual farm products
1t leads all other states save three only
Illinois, o and ohio-and Ohio and New
York are 80 nearly even that they almost
tie each other for third place.
Omaha daily bee., 1902-08-23

The republicans OF Douglas county are
entitled to the same treatment in the
selection Of delegates to nominate a sue
cessor for David II. Mercer as is ae-
corded to the republicans OF Sarpy and
Washington counties. They have no
right to ask for more and they will not
be satisfied with less. The republicans
OF Washington and sarpy counties have
been allowed to elect the number Of del
egates apportioned to them without the
Intervention of the congressional com
mittee and the republicans Of this county
should have the same privilege.
Omaha daily bee., 1902-08-23
THE MYSTERY.
Brooklyn Life.

8A00nANh 1870
"Oh, a half a yard OF dark-bluo serge
And a couple OF spools of braid,
And a spool Of thread,
That's ali" h said.
"Are you sure the goods Won't fadsr'
''wnl Il stand the glare OF the surnmer suI
And the salt Of the summer sea-
And Il mustn't shrink,
For, Mercy think
What a dreadful thing 'twouId bel"
/ Eazed upon her fair sweet face
And her gown OF faultless Mt
And i wondered why
She came to buy,
And what she could make OF IT,
The months rolled on and We met agaiB
On the shore or the summer sea
Sas vas tnst as fair.
And her costume rare
A little too rare-Ah, mel
Twas a half-yard OF dark blue serge
And a couple OF spools Of braid.
And a spool OF thread
"Ye godsl' / said.
I" Twas = bathing suit she madei"
Omaha daily bee., 1902-08-23

We shall presently see whether the re-
publican congressional committee Of this
district represents the rank and file Of
the party or the nonresident congress
a While Mercer was allowed to
name the committee as the candidate Of
the republicans of this district, the COM
mittee is expected TO represent the re-
publicans OF the district and not simply
Mr.. Mercer or his nan Friday, who has
assumed 70 be the "whole thing and
gives out his own program for the whole
committee, OF which he is only n Of
the nine members.
Omaha daily bee., 1902-08-23
THE DEMOCRATIC O p

The hope Of the democrats, according
to Washington advices, is in the dis
satisfaction of the industrial classes.
They are not counting upon the farm
ers, for the reason that with good crops
the agricultural producers are well salts
fed and people who are in this state of
mind do not support the democratic
party. Democrats at the national cap
itaI admit that the favorable crop con-
ditions are injurious to the party's pros
poets, but they profess to believe that
this loss will be more than counter
balanced by the dissatisfaction among
the Industrial classes 'arlsing out of
the present high prices and the failure
Of wages to keep up with them" They
a y 1.-THE bad condition in the coal
mining region and in a good many
manufacturing centers where the people,
although occupied, have hard work to
get along, will do a great deal. We
are not looking to the agricultural states
for u gains. They will be republican
anyhow, but it is in the congested dis
tricts, where political conditions are
more nicely weighed, that we shall en-
croach on the opposing party"
1t is the usual thing for the democrats
to base their hope of success on popular
dissatisfaction and it is quite probable
that the party will profit to some extent
from the existing unrest among the in
dustrial classes, but the result may
show that the democrats are greatly
ov~erestimating this advantage. Intelli-
gent wage earners, who consider po-
litical conditions nationally, will ask
themselves how they can be benefited
by giving their support to the demo-
cratic party. In what respect could the
condition of the Industrial classes be
bettered If the mex house of representa-
tives should have a democratic majority =?
1t would not be able to accomplish any
thing. 1t could carry through no legisla-
ton not acceptable to the republican
senate and president. The only effect
the election Of a democratic house of
representatives would have would be
the creation of a. fear Of democratic
ascendancy in the government, which
would certainly not be conducive to the
maintenance Of financial and business
confidence. Grant that the Industrial
classes have reasonable ground of COM
plant in the fact that wages do not
increase with the rise in the price of
commodities, the election Of a demo-
cratic house of representatives would
not remedy this condition. On the con-
trary, If it should have the effect reason
ably to be expected, an impairment of
confidence through apprehension of the
democratic party securing control of the
government, the situation would prob
ably become more serious for the in
dustrial classes. At all events it as
suredly would not be improved.
There is no promise of betterment for
the wage earners In democratic success
and any one of that class that believes
there is is deluding himself. The policy
OF the democratic party is hostile to
the interests and the welfare of the
industrial classes. This ought to be
and undoubtedly is well understood by
all intelligent workingmen and it is
therefore most improbable that any con-
siderable number of them will at this
time be drawn to the support of that
party.
Omaha daily bee., 1902-08-23

Those Texas whitecaps whose hospi-
tally for an alleged divine healer took
the form of cutting his hair OF short
should be called down with a thud.
How can a divine healer do business
without the regulation long hairg
Omaha daily bee., 1902-08-23
Moving the Corn Crop.
Indianapolis Journal.

Indianapolis Journal.
1t would take a railway train girdling the
world more than three times to move the
wheat crop Of the United States this year,
with the bumper corn crop to hear from.
The job will be neatly handled by breaking
81 fnto e~acfiona