davidaulloa/AmericanStories huggingface dataset:
Imperial press and farmer., 1902-01-04
No. 38

self makes greater business activity. During periods of business depression there is not work for all. and this of itself makes business dull and un- profitable.
 The existence of either one of these conditions leads necessarily to the other. IL Is an lmpossIbillty for either prosperous times or depressed times to continue permanently.
 During prosperous times. there be- ing work for all, all are supplied with the means of accommodating wealth, and thus all are enabled to provide themselves and families with all the necessaries, and many of the luxuries, of life; and hence. during the prosper ous times the demand for goods and property increases, and soon the de- mand exceeds the supply, and then prices advance.
 This rule, which Is applied to the laborer, is also applied to the busi- ness man Prosperous times induce business men to branch out in their several lines of trade. The volume of trade. The volume of trade being large, each gets a corresponding pro- portion of it. Many business men find that they can do more business than
Imperial press and farmer., 1902-01-04

tlons. lt will not be strange If specu. latiye property will be advanced in price beyond what can be maintained during a period of financial depres- sion--a period of paying indebtedness. No one should believe for a moment that the present advance In prices can always be maintained. When prices reach the top there will be thousands Of people who will be com pelled 10 sell in order to meet ma turing obligations. This will cause a depression in prices. and this depres- sion will cause still further necessi ties for sehing.
 m June iSJ,. l.. NJ. Holt read before a meeting of the Southern California Ed .torial Association, held at Alpine Tay,rn. a paper on "Panics and Booms" that so closely outlined and D euicted the present condition of affairs. giving the causes therefor, that We Iepublish the same for the benefit Of those who may be inclined
Imperial press and farmer., 1902-01-04

10 think that the present period of prosperity Is to permanently continue
 Panics and Booms.
 Ever since the establishment of the human race on this planet there has been a grauual increase of population and a more rapid consumption Of wealth.
 Wealth Is the result Of labor, and without labor there can be no wealth,
 Men live and pass away. but as they cannot take their wealth with them a large percentage accumulates for the benefit of thelr successors. Hence the wealth of the world today. per capita. Is much greater than ever be- fore. and 1t Is continually on the in- crease
 The transfer of wealth. or property, from one person to another creates business. Under favorable conditions, transfers are numerous and business is brisk, Under unfavorable condi. tions transfers are few and business Is dull
 During periods of business activity there Is work for all, and this of 1t.
Imperial press and farmer., 1902-01-04

Is allowed by their limited capital They then buy on credit.
 Prices are continually advancing. therefore they are able to make mar gins of profit not only on the capital furnished by themselves, but on the capital furnished through their credit.
 This rule also applies to people deal ing in real estate. The country is grow ing; money is easy the times are good; business Is prosperous and there fore speculation Is favored. man worth S50O0 can buy four times that amount of property by using his credit. and sometimes he buys ten times that amount or more. While prices are advancing he not only gets the benefits of the advance in the price Of the property represented by the cap ital furnished by himself but also on the capital furnished by his credit.
 When prices of property and goods during a period of business depression are falling the loss does not come on the entire property. but only on that portion of 1t represented by the cash ca"ltal the man has invested fin 1t. The debt never shrlnks until the real investment Is all gone.
Imperial press and farmer., 1902-01-04

perienced very wild real estate speculative boom. The gait was so rapid that halt was a necessity be- fore the financial world at large got ready for general settlement. Hence the bursting of the boom in lSS7-S was a memorable occasion so far as our little corner of the world was concerned but it was local in character and did not extend its in- nuence beyond these narrow limits. Such thing may occur again, for present indications point to a very active real estate and business move ment in this section of the United States during tLe immediate future.
 The real estate market is liable to very closely to the margin of the boom conditions. The here are right for a solid advance in real estate values. caused by legitimate business Under these eondi-
Imperial press and farmer., 1902-01-04

this country with a terrible crash in 1892. The panic in this country was not so severe as it was in Australia. because the conditions were better here than there.
 It generally requires from four to eight years to recover from the ef- fects of general worldwide financial panic. but the recovery is just as sure to come as daylight is to follow dark ness. and then in turn. another panic is as certain to come again in due course of time as darkness is to fol. low daylight.
 There were five financial panics in this country during the century just closed. These were in 1Si9 1887, 1857 1873 and 1892. The next panic is due about 1910, It may come It. tie earlier or little later. but 1t will be about that time. and as the period Of prosperity is being used to its full est extent in heavy financial opera
Imperial press and farmer., 1902-01-04
THE UTAH RAILROAD AND OTHER DEVELOPMENTS FoREToLD

tIons and gigantic monied and busi- ness combinations. when the next panic does put in an appearance. it will be apt to do its work thorough ly as the accounts to be settled will be large ones contracted on a gigantic scale.
 There may be local financial dis turbances prior to the date given. but the worldwide settlement is not due yet for about eight or ten years.
 In lSSG.7. Southern California ex-
Imperial press and farmer., 1902-01-04

The United States is passing through ono of It's periods of business pros pcrity. In fact this condition of affairs io to be found in most parts of the civilized world at the present time.
 For the past four or five years the business world has been recovering from the terrible effects of the last periodical financial panic which com menced in Australia and the South American republics in 1891. and struck
Imperial press and farmer., 1902-01-04
FINANCIAL PROSPERITY PREDICTED.

A PAPER ON "PANICS AND ROOMS" READ BEFORE THE SOUTHERN CALIFORNIA EDITORIAL ASSOCIATION N JUNE 1897 BY |. M. HOLT AT A MEETING HELD AT ALPINE TAVERN OUTLINES
 CLEARLY THE BUSINESS ACTV-
 TTY OF TO-DAY.
The Central Nevadan. [volume] (Battle Mountain, Nev.) 1885-1907, 1902-12-25
Tonopah Notes.

A correspondent OF the Gardnerville
Record says:
The world is again looking towards
Nevada as a producer Of precious metals
Tonopah, in my opinion, has brought
this last change about. While in that
place lately investigated conditions
and was surprised at the marvellous and
wonderful changes that have taken place
in that camp during the last year. Frank
Golden has a stone structure, two stories
in height and 50xlO0. that he rents for
800 a month. About 600 men are now
employed in the mines, and sixty days
ago 1913 horses hauled freight and pas
sengers into town. There are at present
% gasoline engines from 10 to 40 horse
power, running night and day, also five
steam engines of 80 horsepower, and
grading is going on for the erection of a
gasoline engine OF l50 horsepower, Ton.
opah now has population Of nearly
1000, and although 40 saloons do rush
ing business the officers have no trouble
in keeping peace. An electric plant has
lately been installed and the town is now
lighted by electricity.
The Central Nevadan. [volume] (Battle Mountain, Nev.) 1885-1907, 1902-12-25

Harmonies heavenly swell on the air;
Lofty and lowly in brotherhood kneeling
Peasant and prince mingle praises
and prayer;
Christmas is here,
Scantified Christmas.
Christ bearing, life-giving, soul-saving
Christmas,
Day of fond memories, king of the year.
Tender remembrances softly are stealing
Over the souls of the weary and worn;
Mists OF the past, full Of balm and of
healing,
Soothing the sorrow of sad and for
lorn;
Christmas is here,
Many-voiced Christmas,
Grief soothing, hoart-cheering, hope
bearing Christmas,
Day of sweet memories, king of the
year.
Day of the poor, bringing Jesus the
lowly,
Bearer of burdens and giver of rest,
Comforter. Savior, Redeemer most holy;
Christianity's birth-time. eternally
blest;
Christmas is here.
Merciful Christmas,
raising, love-bearing, all blessing
Christmas,
Sweetest and holiest day of the year
The Central Nevadan. [volume] (Battle Mountain, Nev.) 1885-1907, 1902-12-25
A Timely Suggestion.

This is the season of the year when
the prudent and careful housewife re-
plenishes her supply of Chamberlain's
Cough Remedy. 1t is certain to be
needed before the winter is over, and
results are much more prompt and
satisfactory when it is kept at hand
and given as soon as the cold is con-
tracted and before it has become set
tied i'll the system. In almost every
instance severe cold may be warded
off by taking this remedy freely as
soon as the first indication of cold ap-
pears. There is no danger in giving
it to children for it contains no harm
full substance. 1t is pleasant to take
-~both adults and children Ike it..
Buy it and you will get the best. 1t
always cures. For sale by the Hor-
ton Co.
The Central Nevadan. [volume] (Battle Mountain, Nev.) 1885-1907, 1902-12-25
A State rlineralO-
gist.

The mining State of Nevada require s
a State Mineralogist and Geologist. The
need is n pressing one and the absence
OF such an official in commonwealth
laden with mineral wealth as is Nevada,
is difficult OF explanation to the visitor.
The State now has collection OF min
erals, which. however, is not up 10 the
present moment by any means. 1t should
secure the pavilion in this city, splen
did stone structure, which the county
probably would donate for the purpose
and the incoming legislature should cre-
ate the office OF Mineralogist and Geolo-
gist. This official should have labra-
tory, and devote all his time to the as
sistance of the prospector. He should
determine all minerals sent to hun.
Many prospector has tested ore for
gold that contained metal more valuable
of which he knew nothing. Iu fact, not
one prospector of hundred knows any
thing about valuable ores apart from the
gold. silver. copper or lead they may
contain. How many know tin ore. or
zinc ore, or antimony ore, or platinum,
and yet they are all found in Nevada.
How many recognize the rare earths,
some of them worth their weight in gold
when they see them in their natural
stateg
1t would be the duty Of the proposed
State official to laEor for the impartlng
Of this knowledge; to inspect and report
pom new mining camps; to further the
interests OF local mine owners, and to
some extent at least paotect the foreign
investor in Nevada mines.-Carson News.
The Central Nevadan. [volume] (Battle Mountain, Nev.) 1885-1907, 1902-12-25

good move and means much to labor.
Laws that will benefit labor some in
this country is what trade unions desire.
1t is what organized labor should work
for. One class gets all the legislation in
this country and the other class is left
to shift for itself With beneficial legis.
lation great progress will result and the
masses enjoy prosperity. What labor
needs is education. Labor has the votes
elect public servants and should exercise
that power to get beneficial legislation.
Labor is beginning to learn its power
and will continue to learn more and
more as time advances.
The Central Nevadan. [volume] (Battle Mountain, Nev.) 1885-1907, 1902-12-25
Printing Tram
scripts.

The Supreme Court has passed reso-
luton amending their rules relating to
the printing OF transcripts.
For some time litigants have been al
lowed to send up the original papers
from the lower court to the Supreme
Court or have them typewriter.
This was done to save the expense Of
the printed transcript. which was at the
rate of 81 page, for twenty-five copies.
The old rule provided that the tran
script should be printed in double loaded
plea, with only thirty lines on page.
This made it quite expensive to the liti-
CANT. Under the new rule OF the court
the printer is allowed to print in small
er type, pot lower than minion' which
will allow about double the amount Of
matter on each page. The marginal
folio figures, always nuisance to the
printer are dispensed with, and allowed to
be placed between the lines instead OF on
the margin. Any white paper can be
used.
The result OF this rule will be that lit
igants can have their transcripts printed
at about half the cost that prevailed in
former times.
The rule encourages their printing by
making it possible to have them done
cheaper The present method of send
ing up the original papers and then re-
turning them, results in great confusion,
and some of these papers are SO sloveDly
written that they are hard to decipher.
The Central Nevadan. [volume] (Battle Mountain, Nev.) 1885-1907, 1902-12-25

LOYAL REBEKAH LODGE NO. Is, |. o. OF
meets in Iemairc's Hall the first and third
Friday evenings of each month az 30 o'clock
Mrs Rose Lcmaire, \. q.
c. b. Ramstlell, Secy.
The Central Nevadan. [volume] (Battle Mountain, Nev.) 1885-1907, 1902-12-25
Revolution Imminent.

A sure sign of approaching revolt
and serious trouble in your system is
nervousness, sleeplessness, or stomach
upsets. Electric Bitters will quickly
dismember the troublesome causes
1t never fails to tone the stomach
regulate the Kidneys and Bowels
stimulate the Liver, and clarity the
blood. Rundown systems benefit par
ticularly and all the usual attending
aches vanish under its searching and
thorough effectiveness. Electric bit
ters is only SOC, and that is returned
if it don't give perfect satisfaction
Guaranteed by A. D. Lemaire & Sons
The Central Nevadan. [volume] (Battle Mountain, Nev.) 1885-1907, 1902-12-25
Christmas.

Hark throughout Christendom JOY bells
are ringing;
From mountain and valley, Ger land
and Ger sea,
Sweet choral melodies pealing and
thrilling,
Echoes of ages from far Galilee;
Christmas is here,
Merry old Christmas,
Gift. bearing. hearttouching, joy-bring-
ing Christmas,
Day of grand memories, king OF the
year.
In volume majestic deep anthems are
pealing.
The Central Nevadan. [volume] (Battle Mountain, Nev.) 1885-1907, 1902-12-25

It is notable fact that organized Ia
Dor is taking great interest 10 the SCI
euce OF government 1t is moving along
the pathway that leads to laws that Will
better the condition of the masses OF
this great country. A campaign of ed
ucation is being inaugurated all over
the country in labor circles. 1t is
The Central Nevadan. [volume] (Battle Mountain, Nev.) 1885-1907, 1902-12-25
Notice to Creditors

IN THE THIRD JUDICIAL DISTRICT
i Court of the State of Nevada in and for
the County of Lander.
In the Matter of the Estate of
Ada II. Starrett, deceased.
NOTICE is HEREBY GIVEN, That the un-
dersigned was. on the I'd day of September, 1902
duly appointed administrator of the Estete of
Ada IL. Starrett deceased. by the above entitled
upon the duties of said ofice That all per-
sons having claims against the said estate are
required to file the same with the proper vouch-
Clerk of the above named Court within three
months from the first publication of this no.
tice.
E. E. STARRETT,
Administrator of the Estate of Ada H. Starrett.
deceased.
Dated this 30th day of October, 1902.
The Central Nevadan. [volume] (Battle Mountain, Nev.) 1885-1907, 1902-12-25

SILVER STAR TEMPLE NO 4. Rathbono
fourth Friday evenings of each month at 80
o'clock.
Mrs. Nettie George, NJ. Z. c.
Mrs. T. T. Hagar, NJ. OF r. d &.
The Washington times., 1902-01-20

some twenty local business men styling
their club the Old Bachelors"
Following is the schedule as adopted:
January %. st. Louis VS.. New Work
January IS, Boston VS. WASHINGTON.
February l, Chicago vs.. Philadelphia,
February 4, st. Louis vs.. t. stun
February s. NeT York Va. ,hieaso
February II, Washington Va thtIadrl
phia.
February Il, Boston vs., Ngw Nori
February Is. ST Louis W. Philadelphia
February % Chicago W WI-b,Rgton,
February p, New ICrl, ". Philadelphia.
March |, Rrstcu vs. Chl.ayo
March 4, st. Louis ~. Washington.
March s. Boston vs. Philadelphia.
March II, New York rs Washington.
March L. 81. Louis IS Chicago.
March IS. ST. Louis ys New York,
March ~, BGIton Us. Washington.
March . Chicago vs. Philadelphia.
March - ST Louis vs. Boston.
April 1, New York rs. Chicago.
April :, Washington ". Philadelphia.
April s. Boston vs. New York.
April II. St Louis vs.. Philadelphia.
April L. Chicago vs.. Washington.
April 10. New York vs.. Philadelphia.
April %. Boston VS.. Chicago.
April -. 81. Louis vs.. Washington.
April 30, Boston VS. Philadelphia.
Nav 3. New York vs.. Washington.
May .. 81. Louis VS.. Chicago.
The Washington times., 1902-01-20
FAMINE FEARED In
THE OYSTER MARKET.
PRICES HAVE TAKEN A JUMP.
Biyalves Scnrcer Thnn They Have
::cen for Years-PickinS of I'm
..,scd Product Causes De-
crease in the supply.

Oysters are becoming very scarce"
said a prominent oyster dealer yesterday
morning. They are scarcer than l have
ever known them before. Down along the
Chesapeake Bay they say that there have
uot been so few oysters for seventy-fi five
years.
We dealers are feeling 1t worse than
anyone else" continued the oysterman.
I'VE have to pay 20 to 80 per cent more
| for the oysters, and then sell them at
| the price We have always sold them. You
see we have a contract with large hotels
and supply houses TO furnish oysters for
| the season for very small price"
Oyster Boats Missing.
Another dealer said that oysters were
scarcer than he had ever seen them be-
fore Generally" he said, there are
twenty to thirty oyster boats at the
wharves in this city. Yesterday there
were only three of them"
The cause of the decrease in the sup
ply of oysters is attributed by many to
the picking of small oysters before they
are marketable. In Maryland the Legfs-
lature has passed law forbidding the
marketing OF an oyster which is less taan
two inches long in the shell. Although
this is the Maryland law. there are plenty
of young oysters marketed in the Norfolk
market, where the Law does not hold good
Offers Remedy.
A prominent oysterman offered a rene
dy for the scarcity in passing d law for
bidding the picking of oysters until they
had reached proper size and age. An
other dealer said that the onlv way he
knew how to stop famine in the oyster
! field was to prohibit the taking of oys-
tiers in tidewaters for three years, which
would give the bivalve chance to breed
and become mature. II this was done. ii
is said that the growth would be sucn
large one that there would he no coca
sion for fear of famine for years and
years. The supply would be very much
larger than the demand
There is at present no apprehension in
regard to the fancy oysters, such as the
Lynn Haven Bay, Blue Points. Saddle
Rocks, Mdscovies, Cherrystone, and York
River. These are cultivated in private
beds. and are watched with the greatest
care, none OF them being marketed be
fore they are at least three years old.
when the oyster attains its proper size
and its sweetest flavor.
The Washington times., 1902-01-20
MARKET SPACE.
LOCKED OUT OF HIS HOME.
Wm. II. CisscI Returned to Find His
MnN. Rnrrcd by Holt.

William II. Cis,rl residing at $50 NJ Street
northwest reported TO the police saturday that
some one entered his residence and locked the
door after hc vent out, and when he returned
home lac was unable TO gain entrance Nothing
Was missing from the house.
Mr Cis,el returned Ia his home about O'Clock
and went through it TO s'c that everything was
all right Being the owner of several fine thor
ouehLred horses he went to the stable, in the
rear of the house.
When hc returned to the rear door of his resi-
dcncc he found il locked and bolted ON the
inside lie pounded upon 1t for half hour,
but obtained no reply. lie then went up the
rear stairs to the door of the second floor, but
also found that locked.
Having no other way III which To enter the
house, the proprietor returned To the ground
floor with the determination Of forcing the door
opcn Before forcing il hc turned the knob and
the door opened
Sergeant Lydl and Policeman Fortncy of the
Second prrcin,t went TO the h0us, and searched
it thoroughly for over an hour, but could not
see anyone in the house, nor was ANYTHING Jp-
parenrly missing
The Washington times., 1902-01-20
PENNSY'S INDOOR MEET.
Annual Relay Carnival VIII Have
Entries From Georcetovn

One of the most important of the sea-
sens indoor athletic meets is that held
annually under the auspices of the Uni
yersity of Pennsylvania at Philadelphia.
The university was the original promo
ter of relay races. and this annual event
is known by many as The annual relay
carnival. 1t brings together representa-
tives from all the colleges and schools.
and gives all trying out they do rot get
elsewhere, as here the winners of earlier
meets come together and try for final
hCnorS.
This years event will be held on the
evening OF February %.
Georgetown will be represented by its
relay team, and by Duffy, Holland. and
EdmOnstcn. These athletes viii have to
meet representatives, from Harvard. Co
lumbia, Yale. Princeton. Cornell. Lehigh.
Lafayette. Haverford, Swarthmore, and
other colleges.
The events will be the same as in previ-
Gus years, with the addition of four
mile race between "Pennsy,'' Yale, and
Princeton.
The Washington times., 1902-01-20
Ladies Highly Incenscd.
TREES SHOULD BE REMovED.
superintendent of Parking Urges
Some Work in Georgetown.

The Superintendent OF Parking. Mr..
Trueman Lanham, has invited the atten-
tion of the District Commissioners TO the
condition OF row of old Usage orange
trees on the north side of NJ Street be-
tween Thirty-fourth and Thirty fifth
Street,.
Mr.. Lanham says that the roots OF these
trees have been cut on the side next 10
the sidewalk in grading II, and that the
trees are leaning badly outward and that
one or more of them are menace to the
safety of those passing along the walk
Mr.. Lanham states that the trees in
question are all on private property and
that they should be removed by the owner
in The interest of public safety.
The Washington times., 1902-01-20

National-John Drew. in The Second in
Command. evening.
-ColuInbia- Arizona" evening.
Chase's - Polite Vaudeville, afternoon
and evening.
Lafayette -"All the Comforts OF Home, "
evening.
Academy -' ON the Suwan"e fiVer
evening.
Kernan's-' Partisan Widows burles-
uuers. afternoon and evening.
i3ijou-Burlesuu and Vaudeville, after
noon and evening.
The Washington times., 1902-01-20
a. KOCH LUNG CURE
D.. Gs5s & Treatment Free.
Ezs.gt%
DR.. Edward Ko,h

,u, ,ryice, free Our only charge being for the,
Koch fulrr,u'inc. which Sc ai.l furnish At cost,
oar Offices are in nrarl, al! tuc arg, cities ia,
Washington office heinz 90 -. T. - northwest
Since January ] ID. Koch 3 90. aaa-l e. .ti, tan
of ph,-ipiar- h. ,n" NlsniU-i,H office q Grrinari
doctor Who's, rrrutat an i "'!j ,u"su t. I4r
u,ui nd uru:i-- iun ui iA.- eats.
I.,t kurit j. in- t..-,ut .... ,s. .,...., that
prtiH.. consumption .ud of th -Tuber,uiiuc'
tIa, Gc-t-py. tler. Tie Eoch Inhalation Treat
w,.t f. rnivcrsal, recognized as Ia. 1nly cuic
iol Consumption Lul Asthma.
The Washington times., 1902-01-20
NEW BOWLING LEAGUE.
Teams Composed of bureau of En-
craving and Printing Employees.

new bowling league was launched on
Saturday night at Louis Brandts, 400 New
Jersey Avenue northwest and a schedule
of games which viii run through April
vas adopted.
The six teams composing the League
are made up OF employees of the Bureau
Of Engraving and Printing. and bear the
names OF the cities from which the v1ri-
Gus members hail.
The teams viii be known as Chicago,
ST. Louis, New York Washington, Phila-
delphia, and Boston.
All games viii be played upon the
Golden Eagles Bowling Club alleys, which
are also used each Wednesday evening by