davidaulloa/AmericanStories huggingface dataset:
Manchester Democrat. [volume] (Manchester, Iowa) 1875-1930, 1902-09-03
Control of Trusts Discussed by Amer
lean Bar Association.

President U. NJ. Rose, of the Ameri-
can Bar Association, in his address be-
fore the twenty-fifth annual meeting of
that body, which was held at Saratoga
last week, spoke at considerable length
on the trust question. He said in part:
"Our country, during the last thirty
years, has witnessed change of such
ragnitude as to be without single
parallel in history. By means of vast
aggregations of money, corporate
monopolies have been established in
almost every branch of industry. What
effect these tremendous creations will
have on our future destiny, morally,
socially, financially, legally, no one ven
lures to predict with any degree of con-
fidence. If it is true, as said by Oliver
Cromwell, that no one goes so far as the
man that does not know where he is
going, we are apparently entering upon
long journey.
"We have at present more than 1000
monopolies, to say nothing of price and
rate fixing and protit-sharing pools,
with buying and selling agencies exer-
cising functions similar to those of the
trusts, all organized for the purpose of
fixing prices arbitrarily.
ga remedy sometimes proposed, with
seeming confidence, is that of publicity.
Publicity is good thing; the remedy of
publicity would only serve to prolong
the present situation. There is want of
state uniformity; while it can hardly be
contended that, as matters now stand,
congress has power to pass laws for the
Investigation of the affairs of corpora
tions organized under the state law.
"Another proposed remedy is the
modification of the tariff laws as far as
they affect prices of commodities sold
by the trusts. This would open the
trusts to the competition of the foreign
markets; and to that extent it would
place limit on the power to raise
prices. 1t would not, of course, affect
all the trusts; and hence it would be in
adequate though it might prove useful.
"Another remedy suggested is an
amendment to the federal constitution,
giving power to congress to control all
corporations; a very drastic remedy, in
deed, one that would greatly strengthen
the lobby, one that might introduce an
era of political corruption hitherto un-
known.
"Lsstly, 1t is suggested that the federal
constitution should be 30 amended as
to enable congress to prevent by appro
pirate penalties the slugging of rivals
by local underselling, by factors agree.
ments,' and by similar devices. This
would not prevent the investment OF
large sums in corporate hands; and cor
porations with large capital would still
have an advantage; but laws of thai
kind would no doubt be rigidly enforced
by the juries of the country, and public
sympathy in favor of new and strug
CLING enterprises would probably go {
long way to redress the balance.
"Great hope was entertained of thu
Sherman act, at the time of it's passage
but you who have carefully read th'
opinions of the supreme court of tn
United States will agree that it does no
meet all of the difficulty of the situa
tion. Whether that act exhausted tn
powers of congress over the subject mat
ter is question about which there ma
be difference Of opinion"
Manchester Democrat. [volume] (Manchester, Iowa) 1875-1930, 1902-09-03

A subscriber asks if farmer can
make any money feeding 60 cent corn
to hogs. That would depend upon the
price for which the hogs were sold. By
close calculations and experimental tests
it has been found as general rule that
buehel of corn will make ten pounds
of pork. That means if corn is SELL
ing at 60 cents, hogs must sell at
$500 to pay for their feed. The up-to-
date farmer and swine grower and feed
er does not make his pork all out of
corn. In the summer time he has q
good clover pasture or field of rape in
which the hogs can run and get much
of their feed during the growing period.
Tribune.
Manchester Democrat. [volume] (Manchester, Iowa) 1875-1930, 1902-09-03
A Reasonable Requirement.
[From the washing ton star.l

The coal operators are, of course, at
liberty to conduct their business in their
own way, 80 far as they can. But when
the public is dependent on them for fuel,
it looks as if they ought to be required
to conduct their business in some way.
Society is not interested in any senti-
mental objections to trades unionism
which they may entertain.
Manchester Democrat. [volume] (Manchester, Iowa) 1875-1930, 1902-09-03

"It is very wrong to tell falsehood,"
said his mother to little Jimmie. who
had caught him in one.
''Then we're both of1ul sinners. amt
we, mawY" queried Jimmie.
Both! What do you mean?"
why, you told AIissus Smith yester-
day that you hoped she'd call again,
an after she wuz gone you said you
wished she'd never come again.
State Journal.
Manchester Democrat. [volume] (Manchester, Iowa) 1875-1930, 1902-09-03

Mr.. Morgan now refuses to interfere
in the coal strike. He asks: "What can
LIDO" The New York World replies:
"When there was presidential election
pending, in the face of similar strike
two years ago, the great financier of the
mergers and the trusts needed no advice
as to what action he could take. He
gave the word and the operators yielded
a 10 per cent advance in wages"
Manchester Democrat. [volume] (Manchester, Iowa) 1875-1930, 1902-09-03
would Give Him n Lesson,

A reporter who is the father of u
year old youngster met his pastor Oh
Sunday afternoon.
why weren't you at church this
morning?" was the first question of
the spiritual adviser.
II couldn't come" was the answer.
81 had to stop at home and mind the
baby. Our nurse is ILL.,"
.'That's no excuse" said the pastor.
"It isn't? Well, next Sunday I'll
bring him to church with me and see
how you like it."
Manchester Democrat. [volume] (Manchester, Iowa) 1875-1930, 1902-09-03
Music's Power.

Grimes-Yes, I'm fond of music.
There's Zimmerman, for instance
Brady-You don't call his horn blow.
ing music?
Grimes-It has been very enjoyable
to me. l got Zimmerman to keep at 1t
night and day. and the result was that
l bought the house next door for q
thousand dollars less than the man
who lived in it asked week or two
before.-Boston Transcript.
Manchester Democrat. [volume] (Manchester, Iowa) 1875-1930, 1902-09-03
Business Opportunities For All.

Locations in Iowa, Illinois, Mime
sofa and Missouri on the Chicago Great
Western Railway; the very best agri-
cultural section of the United States
where farmers are prosperous and bust
ness men successful. We have demand
for competent men, with the necessary
capital, for all branches of business.
Some special opportunities for creamery
men and millers. Good locations for
general merchandise, hardware, harness,
hotels, banks and stockbuyers. Cores.
pondence solicited. Write for Maps and
Maple Leaflets. w. T. Reed, Industrial
Agent, 604 Endicott Building, st. Paul,
MINI,
Manchester Democrat. [volume] (Manchester, Iowa) 1875-1930, 1902-09-03
Appronriate.

The professor of painting has just
entered the classroom, where smoking
is strictly prohibited. Here he finds
an art student holding in his hand a
newly filled cherry wood t-.--
Professor Qronically)-Wha. queer
paint brush you have got there! What
are yon going to do with it?
Student 4 Oh, I'm going to make
clouds with it,
Manchester Democrat. [volume] (Manchester, Iowa) 1875-1930, 1902-09-03

His song WAS an inspired recitative,
and he seemed to improvise as he ran
his fingers over the notes, and as the
tide of thought came over him it was
poured forth in harmonious cadences
Of eNquisit. variety. Had he been tied
to chair, With the added doom of Il
prosy companion, he would have ex-
ploded and gone OF like rocket or n
bottle of sparkling champagne.--West
minister Review.
Manchester Democrat. [volume] (Manchester, Iowa) 1875-1930, 1902-09-03

The Register-Leader is getting lit
tie wabbly on the high tariff wall. We
clip the following from a recent mum.
ber of that paper:
This country is to have another op-
portunity to ratify the treaty with New
foundland that James G. Blaine ar
ranged, and secure free trade with that
colony. Will it take advantage of the
chance to add permanent market, or
does Newfoundland sell us eggs that we
must have duty on?
Manchester Democrat. [volume] (Manchester, Iowa) 1875-1930, 1902-09-03

Here is a receipt for canning Duchess
apples. Pare apples, cut in halves, and
core them. Put them in crock or
granite vessel, sprinkle layer of sugar
over them and let them stand over night
Next morning pour off juice that has
formed, put it in a kettle, add more
sugar and water if necessary, bring to q
boil. Now put in apples and boil until
tender, then can. By canning this way
they will not mash up as usual.
Manchester Democrat. [volume] (Manchester, Iowa) 1875-1930, 1902-09-03

There has been much talk in this
country about the dual purpose COW,
one that is good mixer and will make
good beef. In Germany they have the
tri-purpose COW, one that is good
mixer, will make good beef, and good
worker on the farm.
Manchester Democrat. [volume] (Manchester, Iowa) 1875-1930, 1902-09-03
The Whole Thing.

"BiXby seems to think he's the whole
thing as an expert authority on sport
ing matters"
"Yes; he appears to regard himself
as pretty nearly big enough to wear
golf links to fasten his shirt cuffs."-
Cleveland Plain Dealer.
Manchester Democrat. [volume] (Manchester, Iowa) 1875-1930, 1902-09-03
When Moore Sang,

IN singing his own songs Moore al
tered the arrangement OF the airs and
sang the first part of each verse twice
over ut the beginning instead of as q
refrain mt the end In that glorious
song of his, "Oh, the Light Entranc-
Ing" Moore's own singing of 1t was n
matchless treat. With head upraised.
he seemed almost TO revel in the fresh
morning light as he. gaZed on the
sight entrancing.' and his eye spar
kled as lilies arrayed with helm and
blade" seemed to pass before him.
while Il deeper feeling awoke as the
passion of .Ae song came upon him.
His voice sne u Infinite meditation,
out OF small coinpass, rose clear and
thrilling to its highest pitch as he
sang:
Manchester Democrat. [volume] (Manchester, Iowa) 1875-1930, 1902-09-03

Governor Cummins recently said:
"The truth is that those who are enjoy
ing monopolies are every day laughing
at the inertness of the people and won
dering how long the reign of inactivity
will continue"
Manchester Democrat. [volume] (Manchester, Iowa) 1875-1930, 1902-09-03

"But you are taking considerable
risk in letting your young men owe
two or three weeks board"
Eyes, there is some risk" answered
the boarding house keeper. But then,
yon see, they worry over it SO that
they lose their appetites, so l save
money in the long rum
Manchester Democrat. [volume] (Manchester, Iowa) 1875-1930, 1902-09-03

She-He was desperately in love
with her. Why, he sent her costly
flowers and presents nearly every day
for two years.
He-Did he finally win her?
She-No; he earned her
Manchester Democrat. [volume] (Manchester, Iowa) 1875-1930, 1902-09-03
Suggests an Interesting Comparison.

Suggests an Interesting Comparison.
lFrom the Florida Times Union.l
VIII Oliver Wendell Holmes ii. make
greater name on the bench of our su-
preme court than did Oliver Wendell
Holmes l. while living quietly at home
and thinking for the nation? Grant.
ing equal ability, here is a fine oppor
tunity for comparison between law and
literature.
Manchester Democrat. [volume] (Manchester, Iowa) 1875-1930, 1902-09-03

"Jedge," said the colored prisoner, ais
I expected ter tell de truth?"
'Of course you are"
''Well, then, des go ahead en- sentence
me frst. Atlanta Constitution.
Manchester Democrat. [volume] (Manchester, Iowa) 1875-1930, 1902-09-03

When we deserve it. we don't mind
abuse. 1t makes Us careful. But the
trouble is we never agree with our
critics rs to when we deserve it.-Atch-
ison Globe.
Manchester Democrat. [volume] (Manchester, Iowa) 1875-1930, 1902-09-03
William M, Beardshear.
Good bye. dear friend, your voyage new begun,
We stand and watch you sail out on the

GOOD bye, dearfriend, your voyage new begun
We stand and watch you sail out on the
deep,
Beyond the rim of yonder setting sun,
Where other worlds in vaster circles sweep.
Far. far, and yet your Pilot knows the way.
Where all to us seems shadowland and dim
To you, one sudden, glorious burst of day,
Because on earth you lived and loved with
Him.
Now, free to soar tho viewless paths of space,
Wings OF content Will bear you cyerywher,
Somet'meS-who lSnows-tO the familiar place
Where earthly loves and lifes endearments
were.
In voice of bird. or musicS softning strain,
Or In the rose when all beteared with dew.
Your heart will throb to our heart-throbs
again.
We may not see you, but Will know It's you.
Then we will think of that hand-clasp of old,
The kindly words. the ever tender smile,
The great broad heart that was as true as gold
OF him who left us just a little while.
The lofty mind that strove for human good,
That saw all men as brothers and as kin,
In storm or sun, an oak that ever stood
Strong-limbed without, and heart of oak
Within.
Good bye, not long-the shadow will return,
Inc shadow.ship to us will turn Its PROV,
Fray, pray. that somehow we at last may earn
Sure anchor-place where thou art harbored
now.
S. II. NJ. Byers.
Manchester Democrat. [volume] (Manchester, Iowa) 1875-1930, 1902-09-03
ALEX, sEEsTRoM.

~ GENERAL BLACKSMITH, horseshoing
u specially. Interfering and corns cured or
no pay. Prices reasonable, and the best Of
work guaranteed A share Of the public patron
age Is solicited. Shop on Franklin street, near
the bridge.
Manchester Democrat. [volume] (Manchester, Iowa) 1875-1930, 1902-09-03
VIM. DENNIS.

PETER BOARDWAY.
DEALER IN flour, feed, hay straw, Maquoke
~ is lime, stucco, and common and Atlas ce
ment. Telephone ll3. Lower Franklin st.
Manchester Democrat. [volume] (Manchester, Iowa) 1875-1930, 1902-09-03

A.E.PETERsoN.
nEADER IN Groceries. Provisions, Crock
~ cry, Fruits, etc. Main Street.
Manchester Democrat. [volume] (Manchester, Iowa) 1875-1930, 1902-09-03
j. NJ. PEAesE,

j. .M.PEARSE.
JUSTICE OF THE PEACE AND COLLECT
q OR. All business entrusted to him given
second floor.
Manchester Democrat. [volume] (Manchester, Iowa) 1875-1930, 1902-09-03
GEO. S. LISTER.
I. r. MOONEY.

Successor to Lee Bowman.)
BLACKSMITH and Wag0nmaker, Delhi
ID Iowa. Work done promptly and In o work
manlike manner. Charges reasonable. YouI
Patronage solicited. l6n
Manchester Democrat. [volume] (Manchester, Iowa) 1875-1930, 1902-09-03
And hearts as ours together.

Go asl. yen dcspot whether
His armed bands could bring such
Manchester Democrat. [volume] (Manchester, Iowa) 1875-1930, 1902-09-03
A.THoRPE,

i der Store and Dealer In Clothing. Boots
Shoes, Notions. sic. Masonic Block Manches
ter, Iowa.
The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1902-11-22

eighteenth century mergers of that emil
nent financier, John Law.
The articles Of incorporation which be-
gin the volume seem strangely modern In
their Wording. Designed for companies
that secured millions from the public and
then failed without one gulden of assets,
the articles are filed with safeguards to
protect the investor The Indebtedness
of each company is limited; certain pro-
portion Of the capital stock must be
paid up before active operations can be-
gin; all shares issued must represent ac-
tual Investment of the amount named,
that is, no stock watering will be al
lowed, ETC., etc. Indeed, these venerable
money traps need only the additional as
surance that 1.-The price of our treasury
stock will be advanced so per cent within
two weeks, to reproduce the prospectus
of modern mining company. Specimen
titles of the ancient corporations are 1.-THE
Commercial and Insurance Company Of
Dordrecht" and 1.-The Commercial, tNavi-
cation, Insurance and Fishery. Company Of
Enckhuysen." The Community of inter-
est principle is no modern discovery. =,
Among the dramatic '"slzits' attacking
the operations Of Law and his fellow spec
ulators are wind Business by the Bubble
Company Ode Windhandel of Bubbels
sCompagnien) and 1.-THE Lying Promoter
Ode Bedriegelyke Actionist). In another
little, farce entitled Harlequin, Pro
moter," the lovely Cou1nbine is unkindly
disguised as ''Kolumbine.'' ~"
The satires and 1ampoons comprise in
volved illusions to classic 1personages
with all the. cumbrous erudition of the
early eighteenth century. Many of these
vivacious poems are condensed into small
type and double columns upon four folio
DageS "-zs, .s--.,-. 1913.
The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1902-11-22
LAdPOONS ON THE MISSISSIPPI BUBBLE

But the most interesting portion Of the
book is the last half, composed Of prints
attacking Law and his schemes. Most of
the prints were produced, or reproduced,
for this special edition. But others,
printed on sheets smaller than the book,
are bound into the volume just as they
came from the booths of the print seller.
few engravings have been cut out Of
previous publications and then pasted into
spaces reserved upon the printed pages
Of the 'Groote' Tafereel."
Of these prints a considerable proper
ton were designed and engraved by
French artists and published at Paris
With few exceptions the pictures are inf1-
nitely better drawn than are the average
of modern cartoons. The old draughts-
men excelled in delineating the human
figure, especially, when they represented
large groups in animated movement. The
superiority Of painstaking detail charac-
terizing most of the prints followed the
traditions of the Dutch school. -. -
/ The prevailing point Of, view throughout
these criticisms Of Laws financiering Is
that it was all wind business" (windne-
gotie). So old is the accusation that deal
ers in futures are Z merely selling
wind Hence a tock-jobbing Atlas is
represented as holding up the world of
commerce on gigantic bangs Of wind. A
promoter is initiating his customers with
a bellows. = ~ - "a - = -
The epidemic of stock buying is adversely
pictured. In. one print is seen the interior
of bourse. Brokers are -gesticulating
as wildly as if Chicago wheat had gone
up 6 cents from the opening. A bulletin
board announces a demand for. indus
trials that would delight the soul of Wall
street : The periwigged spectators are
franticallys exchanging shares in CONNER
cial companies, in navigation companies,
The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1902-11-22

bank, and depriving the company OF its
home monopolies and its connection with
the state revenues This edict reduced
the value of the bank notes onehalf. The
bubble burst at once and universal bank
ruptcy and distress ensued. The COM
pany, after few months struggle, dis
appeared in November, 1920. In Decem-
Der Of the same year Law quilted France,
carrying with him only a few hundred
louis dor, and loaded with the public
execration.
"A friend in France, the Marquis de
Lassay, gave the once multi millionaire
a pension of 10000 livres ($4000) for sew
eral years. Law gradually fell into OBJ
security and died in poverty, at Venice,
March Fl, 1929"
1.-The Mississippi scheme" it has been
said, islands striking Illustration of the
falacies that a nations debt can be paid
or it's property increased, permanently
by a mere increase of it's money circula-
ton. and that paper money can be made
stable and safe on some general security
without respect to its convertibility. The
leaders of the scheme were probably de-
luded with the rest"
A Ponderous Attack. ..
+ Law and his Mississippi scheme are Gu
riously comm emorated in an ancient vol
urne now in possession of T h e J % u =
n a l. This book, printed about 1871, was
secured abroad several years ago by H
Jay Smith while collecting objects for the
art department of the first Minneapolis
exposition. ,.ls'-.< - =,
The Dutch title Of the volume is,' "Het
Grooteg ~Tafereel Der Dwaascheid,' etc,
or, freely translated 1.-The Great Tableau
of Folly; being the beginning, progress
and collapse Of the stock jobbing i1ffla-
ton in France, England and the Neither
lands during the year 1926 in which are
included the prospectuses and articles Of
Incorporation adopted by the various in
surance, navigation and commercial COM
panies authorized by the states general In
the Netherlands; together with the car
ICONS, the dramatic burlesques, the Tires
and lampoons issued during the same
year in protest against the melancholy
business that has ruined so many families
and individuals throughout France, Eng
land and the Netherlands. *
! Published as warning to- those that
have survived that year Of JOY and grief,
172O.''s 81 @@%
"Het Groote Tafereel,' weighty folio,
| bound in calf, is a. fine example of old
time book making and illustrating. The
covers are gilt fooled in an elaborate pat
tern. The heavy linen pages are still
white and spotless. the handsome type
is far blacker and more legible than that
Of modern books. The numerous copper
plate engravings Indicate high artistic at
tainments upon the part of the designers
1r Compiled as a Warning.
The. old book was printed presumably
in Holland, the letter press being almost
entirely Dutch. It may have been pub
lished at Paris. where many. OF the plates
were engraved. Neither the date nor
place Of publication appears upon the title
page or elsewhere. But as the contents
relate altogether to the year 1870 and are
decidedly "of current interest" the date
| fov-& n
The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1902-11-22

nopoly Of East Indian and African trade
upon the favored organization, which now
absorbed the East India company, took
the name of Company Of the Indies, aug
mented its capital, and undertook to pay
the national debt, agreeing to lend the
king 1900, 900, 900 livres (s3O0,0O ,0o0) at 5
per cent.
A Craze of Speculation.
Meantime the bank issued its notes
freely until the paper currency amounted
to 2,70O, 900, 900 livres ($540, 900, 000), but
these notes were kept from depreciation
by accepting them at a premium over
specie in payment for the shares Of the
company All classes of the population,
prince and peasant, clergy and laity, men
and women, were soon affected alike by the
craze for speculation The rush of stock
jobbing business in the streets of Paris
was enormous. The speculations culmi-
, mated at the end of the year 1719 when the
company's shares sold at thirty or forty
The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1902-11-22

times their original value equivalent to
So 900 or $4,000 per share on a par value
of 500, and money was so abundant
that the bank loaned at per cent.
There was, however. a drain of specie
from the bank as the shrewd ones at
tempted to put their newly made fortunes
into forms of fixed value. TO check this
drain Intellectual edicts were passed re-
stricting the payments in coin, limiting
the amount of specie which one might
hold, and fixing the value of the notes.
On Jan. 5, 1920, Law received the ap-
pointment of controller general of the
finances, and in March he united the royal
bank Of the Company of the Indies. 1t
was the conversion Of paper demanded by
this colossal operation that the utter
bankruptcy Of the company was first per-
ceived.
. . Collapse Of the Scheme.
"The government, becoming alarmed,
issued an edict May, 1920, deposing Law
from the controllership, abolishing the
The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1902-05-06

One would never suspect from his ap-
pearance that Mr.. Ross is nearly II
years OF age. He is wonderfully active
and rarely misses a day from his Office
Mr.. Ross is a Mason and member Of
the First Presbyterian church He was
sufferer from dyspepsia until he heard
OF Kodol Dyspepsia Cure. The following
is his opinion Of the remedy which has
done so much fer him:
For several years /, Thomas /. Ross,
also my wife, Lydia l., Ross, both OF To-
peka. Kan. suffered with that terrible NAL
ady known as dyspepsia or indigestion.
we commenced to use Kodol Dyspep-
STA Cure on the recommendation Of our
druggist. After taking one dose, and in
side Of short time, all OF those terrible
pains and dyspepsia torments had passed
away My appetite also my wiie's, came
back and our food can be enjoyed as
when we were p. I am now turning Il
years Of age
y have not suffered one day with my
stomach since ! commenced to use kodol
Dyspepsia Cure, and ! recommend it to all
OF my fellow citizens TO do you good, and
indorse Kodol Dyspepsia Cure"
A. {. Kejslns. SOP Main St, corner OF
Prairie Avenue.