davidaulloa/AmericanStories huggingface dataset:
The Washington times., 1902-08-24
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period is as sure as adversely itself tc
bring mutterings of discomfort. Al
times when most men prosper somewhat
it always happens that a few men pros
Per greatly. ana it is as true now as il
was when the tower of Sloan fell upon
all who were under it. that good fortune
does not come only TO the just. nor bad
fortune only to the unjust.
when the weather is good for crops
It is also coed for weeds. Moreover.
not only do the wicked flourish when
the times are such that most men
flourish. but. what is worse. the spirit
of envy and Jealousy and hatred springs
up in the breasts Of those who though
they may be doing fairly well them
selves, yet others who are no more de-
serving. doing far better Wise laws and
fearless and upright administration OF
the laws can give the opportunity for
such prosperity as that We see about US.
But this is all that they can do.
People Prone to Kick.
When the conditions have been ere
ated which make prosperity rossitle
then each individual man must achieve
for himself by his own thrift. intclli .
gence. energy. industry and resolute pur-
pose. II when people wax fat they kick
as they have been prone to do since the
days of Joshorum, they will speedily de-
stroy their own prosperity. II they go
into wild speculation ami lose their
heads, they have lost that which no
legislation can supply. and t.-e bust
ness world will suffer in consequence.
"If in spirit of sullen envy they in
sist upon pulling down those who have
profited most by the years of fatness
they Will bury themselves in the crash
OF the common disaster.
at is difficult to make orr material
condition better b. the best laws, but
1t is easy enough by bad laws &c throw
the whole nation into an abyss of mis-
cry.
Now the upshot of all this is that it
is peculiarly incumbent upon us in a
time of such material well-being. bot1
as a nation and individually
each on his own account. to show that
we possess the qualities Of prudence,
knowledge. and self-restraint
In our Government We need above ali
things stability, 1xity Of economic pol
icy. while remembering that this fxity
must not be fossllization, but there
must not DC inability to shape on
course anew to meet the shifting needs
Of the people as their needs arise.
Growth of Great Fortunes.
Zone of the features of the tremen
lous Industrial growth of the last gem
Grafton has been the very great increase
in large private and especially in large
corporate fortunes. We may like this
or not. just as we please. but it is a
fact, nevertheless, and as far as we can
see. it is an inevitable result of the
working OF various causes. prominent
among which has been the immense i'm
portance steam and electricity have as
summed in modern life.
Now I suppose most of us pre-
fer on many accounts the old conditions
of life under which the average ma
lived more TO himself and by himsel,,
where the average community was more
and where. even though
the standard Of comfort was lower o?
The average. yet there was less CT the
laring inequality in worldly conditions
we now see in our great cities.
1t is not true that the poor have
The Washington times., 1902-08-24
Trouble in the Family.

Domestic troubles were the cause of
quite a sensation in the household of
John Rock. 216 Fourth Street north
west, last evening. MIR. Rock complained
that his wife had assaulted him. and as
result she was taken into custody by
the police authorities. Some doubts
which arose as to her sanity resulted in
her being removed to the House of De-
tention. where she was Obliged to under
so an examination BY Drs. Marbury AMI
Wall The physicians pronounced her
perfectly sane. and the charge of in
sanity against her was dismissed. She
was held On the charge of assault. how
ever. but was later released upon so
collateral
The Washington times., 1902-08-24
Found Body of Child.

Capt. F. y. Weller and Private A. T.
Hodges. Of the Capitol police force. dis
covered the dead body of seven
months old infant lying in the bushes
of the Capitol grounds, shortly after )
O'Clock yesterday morning. The body
was removed TO the morgue, and after
Coroner Nevitt made an examination he
ordered that fnterment be made in the
city potters' field.
The Washington times., 1902-08-24
Hotsl to Cover Entire Block.

NEW YORK. Aug. 2s,-The United
States Realty and Construction Com
pany is considering a project for the
erection of a hotel TO cover the block
bounded by Fifty-seventh and Fifty
eighth streets and Eighteenth Avenue
and Broadway. 1t is said that II the
proposition is carried out it Will repre-
sort an outlay OF ct least 81 100000.
The Washington times., 1902-08-24
Children Caused Fire.

An alarm WIS turned from box s2i
about 7:JG o'clock last night for fire in
the residence of Mr.. Thomas Cavanagh.
7G1 Twenty-fourth Street northwest The
fire was caused by children playing With
matches. which igrited lace curtain-
The blaze was soon extiuguished. but
not until considerable damage had been
caused
The Washington times., 1902-08-24

fewer than sixty-one firms or individuals
included who have not and are not ex-
rected to have any connection with the
syndicate whatever.
Supporting Declarations.
Mr. Perkins affidavit is strongly sup
ported by that of William J. Filbert,
comptroller of the corporation. Mr. Fill
bert, who is an adept at figures and who
was brought East by the officials of the
steel Corporation after years of brill
liant service in the employ of the Chi
cago and Northwestern Railway Com
pany. arrays numerous facts and figures
TO disprove the assertion of the plain
lifts in the suit.
He proves that the earnings and ac-
teal value of the corporation are much
more than the estimates presented by
the plaintiffs. and IN some cases fatty
contradicts the statements OF fact made
by those interested in the prosecution OF
the suit.
The Washington times., 1902-08-24
MOTHER OF CAPTAIN
COOPER In IRELAND
She Has Been Notified of
Her Sons Death.
Army Officer Had Been Reticent and
Acquaintance Believed Him With
out Relatives.

Through the efforts OF Captain Boarf-
man. Chief OF Detectives. it has been
learned that the mother Of Capt C. c.
Cooper, of the quartermaster's Depart
ment of the army. who died yesterday at
Providence Hospital. presumably without
relative in the world. is living in Bel
fast, ireland. She is Mrs. Agnes Coopet.
and resides st Brahaugn Street in that
city. Captain Boardn2n has notified her
by ef,bIe Of the death CT her son. aad has
inquired concerning her wishes at TO the
disposition OF the remains. The body is
stin at the morsre In this city.
Very little was known in regard to
Captain Cooper's past history. 1t has
been said Rat be WAS unusually guard
ed in speaking CT his past. lie question:
cd into the history OF none OF the men
about him. and in return discouraged all
disc Ession of his own life. His ambition
seemed TO center entirely in the thing
nearest him. lie was never known to
speak OF single relative. 1t was COM
monty supposed that he possessed no
k,-s..;;i,,-,.
Lived Quiet Lie.
He invariably sought qsiet exist
ence and lived his own life in his own
way. lie did his WORK without COM
nent or question. and expected as much
of those under him. To all appearances
he was utterly alone in the world; his
actions bespote desire to be alone.
Fer some tine Captain Cooper had
been -statioIsd on the transport Kear-
ney. which came TO Washington abo;;t a
weeI. ago. On the way here he was
taken I'll. aGd as soon as the ship
landed he was brought ashore and re- 4
moved to Providence Hospital, where
he quickly developed case Of typhoid
fever. Ills condition gradually grew
verse. and the end came yesterday.
Some word frcm the mother Of the
officer concerning the disposition cf tho
remains is now Seing being awaited.
The body CT Captain Cooper vas re-
moved TO the morgue. where it is now
being held The personal effects of the
dead seaman have beer turned over 10
the police They consist of three trunks
and bag containing an army saddle
It's said the captain intended leaving
the army service shortly and returning
to his native land. Ireland. he had
seen considerable service in the trans
port service, having assisted in carrying
troops to Cuba during the Spanish
America. var.
The Washington times., 1902-08-24

commission on all the bonds it took in
exchange for stock, and 4 per cent com
mission on all the bonds it took at par
for cash; so that il the transaction
stood, in the end il would be IN this
form, viz; If $50 100000 of bonds were
issued for stock and 10000. 600 of bonds
were issued for cash. the Steel Cor
poration would have paid to the syndi-
cate per cent on 500 000. .000 or $4,-
coo, 900, and ]. p. Morgan & Co. would
have received for guaranteeing the
whole 500, 900, 600, for handling the syn
dicate and the securities and for find
ing a market on behalf of the syndicate,
one-fifth OF $4,000, 900, or $4,000 The
contract, moreover, was made subject
to the approval of the stockholders. -
Mr. Perkins pointed out the fact that
this $4,000. 900 OF stock would be tied
up for eighteen months. with no possi
bility OF being sold or disposed of in
any way. no matter what price or con-
ditions might be. He continued:
Syndicate's Heavy Risk
In consideration of all this risk. the
syndicate was given the right to receive
a commission of per cont on such
bonds as were issued to preferred stock
holders not members Of the syndicate.
The $4,000, 900 maximum to the syndi-
cate can only be received by 1t pro
vided the entire transaction OF pur-
chasing $500 100000 OF the preferred
stock and retiring it AID then Issuing
and placing on the market $3.50 coo coo
of second mortgage boqsSat par is com
pleted and consummate1."
With reference 20 the contention that
funds rnipbf ha
by stopping dividends on the preferred
and common stock. Mr. Perkins ex-.
planned that this would work an in
justice and possibly a hardship, on those
holders of stock who had bought il in
confidence that the organizers of the
corporation would make good their ex-
pectation hat economy would bring
about larger dividends.
Approved by Directors.
Mr. Perkins recites that the plan was
FIRST voted upon by the directors and ap-
proved by them on February 4. He said
that only one OF the directors at that
meeting. other than Mr.. Steele and him
self, had been asked to participate I'm
the syndicate or expected to be inter- J.
ested in II. Fifteen disnterested di-
TeclOFE NOltu III approval OF lnc plan-
The directors decided then that a syn
dicate was necessary. ThereupOn J. p
Morgan & Co. endeavored o form a syn
dicate.
Mr.. Perkins says that 1t was only upon
urgent solicitation that large holders
were induced to enter the syndicate
Charles Vi. Sohwab, president OF the cor
poration. and others participated only
on the agreement that, if possible. the
syndicate would get others to relieve
them of their share Of the responsibility.
There was no objection raised to the
by directors. although this
phase of the project had been made
plain TO the stockholders
No Attempt at Concealment.
Mr. Perkins states emphatically that
there was no concealment or attempt at
In conclusion, he dlscloscs the fact I
that in the list of original members of |
the syndicate. as furnished by the plain /
tifs in the Hodge suit. there are nc
The Washington times., 1902-08-24

reduction of its capital stock, which
would inure greatly to the benefit OF
the remaining preferred and all ths
common stock
I'm addition it was seen that If the
$50, 900, 600 of new money earned the
lowest estimate placed on it by any of
the Steel Corporations engineers and
officials, viz, SO, ,000 900 year. such earn
ings would of themselves nearly provide
the whole interest on the second mort
gage bond issue of $3.50, GOO. coo.
1T was provided in the plan that there
should be a sinking fund set aside, each
year. OF the exact amount necessary, at
per cent, compound interest. to re-
tire the whole $3.50. 600 ,000 Of bonds In
sixty years. AS the corporations first
mortgage bonds are being retired by a
sinking fund. to run fifty years. if the
new plan were adopted. there would be
left no bond issue whatsoever, and but
5000, ,00O.0 900 OF the preferred stock and
5000. .UUU. .UUO common stock outstanding,
against the present Capitalization of 81
4OO. 600. 00o
Feared Appreciation of Stock.
THE finance committee was of the
opinion that the immediate effect of a
proposition 10 withdraw from the mar
ket and retire 40 per cent OF the corpora
tion's preferred stock would be to appre-
ciate he value of the preferred stock.
and that such market value. if above par
or above what the new second mort
gage 3 per cent bonds might be quoted
at, would defeat the plan and prevent
any subscription by stockholders.
ITO get into the open market and
purchase preferred stock for retirement
would have been a mere gamble, and
would have resulted in great inequality.
besides being certain to appreciate the
market value while the purchases were
being made.
The Syndicate Plan.
at became evident finally that tle
only way that the stock could be taken
Up was by organizing a syndicate which
would undertake to guarantee absolute
ly the whole or a large portion OF the
preferred stock ana cash and deposit
the stock with some custodian and hold
II until the plan could be carried
through. 1t was recognized that it would
be difficult TO get men TO do this. be-
cause OF the risk involved and the me-
ccssity for locking up so large sum of
money for a long period OF time.
1t was considered that it might take
from year to a year and q half to
carry through such a plan in such a
large corporation. with thousands OF
stockholders scattered all over the
world. II was found that the best thar
could be done was to organize a syndi-
cate that would agree to the following.
viz:
Three Essential Moves.
"First-Purchase and lodge with J.
p. Morgan G Co $50 ,OOO. .OGO of preferred
stock
"Second-Agree to exchange all of
this, or only 30 per cent of it. at the
option of the Steel Corporation. for sec
ond mortgage bonds.
"Third-Take second mortgage bonds
from tho Steel Corporation at par, in
exchange for S2O.0OO.O0 in cash.
For this the Steel Corporation WAS
to allow the eaid syndicate per cent
The Washington times., 1902-08-24
Distribution of Bibles.

'The statement as to the distribution
of Bibles in private church school by
a missionary is outside the, knowledge
of the department. but the inference
that such things. or worse, are permit
ted in the public schools in these islands
is entirely false. The public schools have
all the work that they can do to instruct
the children in the necessary rudi-
ments of an American education.
1T can confidently be stated that the
conditions OF the public schools in this
archipelago do not warrant the state
ment that the conditions here. as viewed
from a Catholic standpoint, are worse
than in the United States.
The venomous attack on the Philip
pine commission, and especially the Fill
ipino members thereof, who are termed
traitors and rascals, serves to show the
degree of bitterness and recklessness of
stat ment which characterize the whole
article. The negotiations at present I'M
der way In Rome in regard to the church
lands in these islands is sufficient refu-
tatioR of the last wild statement of this
extraordinary production, in which not
one material statement is true.
The assertion in this statement are
based On the records Of this Office. and
can be verified by documents relating to
the various subjects herein considered.
Very respectfully,
FRANK II. BOWEN.
Acting General Superintendent of Pub
lie instruction for the Philippine Is
lands
The Washington times., 1902-08-24
PRESIDENT RESTS
IN NEWPORT TODAY

grown poorer. but some of the rich have
grown so very much richer that where
multitudes CT men ara herded together
in limited space the contrast strikes
the onIooker as more violent than for
merly
''On the whole. our people earn more
and live better than ever be.ats. ard
! the progress of which We are 50 proud
could not nave taken place had it not
been for the great upbuilding of indus
| trial centers such as our commercial
and manufacturing cities. But togeth-
er with the good there has come a
measure of evil
Life is not so simple as IL was. and
surely both for the individual and the
community he simple life is normally
the healthy life. There is not n the
cities the same sense OF common ander.
lying brotherhood which there is still In
country localities. ard the lines Of So
cial cleavage are far more deeply marx
ed
"A great fortune if not used Alright
makes its possessor in q peculiar sense
a menace to the community as whole.
just as great intellect does If il is
unaccompsnied by developed conscience.
by character. But obviously this no
more affords grounds FOR condemninz
wealth than it does for condemning in
tellect. Every man OF power by the
very fact of that power is capable OF
doing damage TO his neighbors. but we
cannot AFFORD to discourage the develop
ment of such men merely because it Is
possible they may use their power for
wrong ends.
Trusts Must Be Supervised.
"The corporations-and therefore those
great corporations containing some
tendency to monopoly we have
grown 10 speak OF rather loosely
as trusts-are the creatures OF the state,
and the State not only has the right 10
control them, but 1t is in duty bound to
control them wherever the need for such
control is shown.
There is clearly a need of supervis-
ion-need to possess the power OF regu-
lation on the part OF the representa-
tiyes of The public wherever. as in our
own country at the present time, bust
ness corporations become so very
strong both for benefcent work and for
work that is not always beneficent. /;
is idle TO say that there is need for
such supervision. A sufficient warrant
fer II is to be found over and over
again in any one CT the various ills re-
sGlting frcm the present system, or J
rather. lack CT system.
There is IN our country 4 peculia.
difficulty in the way of exercisin; such
supervision and control because of the (
peculiar division OF governmental pow
ers. / believe the nation must assume /
this power of control by legislation, or, /
If it becomes evident the Constitution |
will not permit needed legislation, then
by constitutional amendment"
The Washington times., 1902-08-24
UNITED STATES STEEL FILES ANSWER IN
ANTI-BOND CONVERSION PROCEEDINGS

CONTINUED from First Page)
The Washington times., 1902-08-24
Specific Charge Derned.

Considering. now, some of the more
specific accusations in the article: The
statement that plan is in operation to
while they are attending The normal
schools. that double salary is offered to
native teachers who apostatigesand at
The Washington times., 1902-08-24

inces; as fast as they arrived they were
sent to the pieces most in need of teach
ers. This cry, also. does not match up
well with the general impression which.
the writer cultivates that very few
Catholics have been appointed. As 20
the question OF experience OF the teach
ers, it is well 10 read the fixed requi-
sites for appointment. under the terms
of which ali appointments are made
Except IN very few cases. these require
ments were strictly observed, the ex-
ceptions being in cases where previous
experience was waived in favor of ex-
ccptionalIy energetic and well trained
young men just completing colIege
courses.
appointments made by the general
superintendent were made upon the
basis of efficiency as teachers, and nat
urally only testimonials OF educators
were given weight The recommends
tion OF 4 Young Mems Christian Asso-
citation secretary. minister. or a Ma
son, would have no weight IL the deter
E.ination of appointment. The recon-
EicndGtion OF a Protestant college had
no more weiyht than that of q Catholic
college OF equal grade.
In the appointment. at such Q dis
tance, and by so many different people,
Of many hundred teachers it was in
evitable that there should be minor in
equalities Of salaries, which have al
ready to a large extent been readjusted
upon The basis of efficiency OF work per-
formed since arrival in. these islands.
An examination of the appointment lists
will show that there has been no dis
crimination against Catholics Instances
might be cited where Pro; estant teach
ers Of several years experience anc
with q thorough knowledge of these ISL
ands, gained by military service here.
are rendering excellent Service at $500
per year, while other teachers, Profess
tant and Catholic, in the same province
are not securing as good results en- sal
aries Of 81 200 and upward
las to compulsory attendance and the
statement that government positions
will be refused to graduates of private
schools. it need only be remarked that
entrance to the civil service is entirely
in the hands Of the Philippine civil ser
vice board, and that the record of that /
board for strict non-sectarianism is un-
impeachable.
The Washington times., 1902-08-24
No Attempt at Concealment.

Mr.. Perkins states emphatically that
there was no concealment or attempt at
concealment
In conclusion. he dlscloscs the fact
that in the list of original members of
the syndicate. as furnished by the plain
tifls in the Hodge suit, there are nc
Baxter Springs news. [volume] (Baxter Springs, Kan.) 1882-1919, 1902-12-27
LITERARY SOCIETY.

The Baxter Syringe Literary So
ciety will meet at Cooks hall at 7:3O
p. m. Saturday, Dec. "a.
Everybody is invited and every.
body 10 expected. Following 10 the
program:
Essay-Willie Smith.
Select Reading-Asa Ingram.
Declamation-Estella Ingram.
Soug-Clsrk Morrison.
Select Reading-Henry Tuthill.
Music-Katie Bennett
Talk by president.
Recess.
The question for debate 10, "Re'
solved That There is More Pleasure
In Pursuit Than in Possession" The
affirmative side of the question will
be supported by Henry Tuthiii
Robert Bartlett and Arthur Felt
Those ON the negative Rolla Chubb
Asa Ingram and ]. n. Tindail.
Don't forget the date.
Baxter Springs news. [volume] (Baxter Springs, Kan.) 1882-1919, 1902-12-27
THE, BAXTER FURNITURE co.

Of the marriage of Miss Pearl Lu-
cile Cleaver, which occurred at
Kansas City on Wednesday of last
week, Sundays Kausas City Jour-
nal says: "Miss Pearl Lucile Clea-
yer, of Lebanon, Ky, and Mr.. Chas.
II. Rodes were married at IL o'clock
Wednesday, at the home of Mrs. n.
s. Lands, 52s Bellfountain avenue.
Rev. Robert Talbot officisted. The
bride was given away by her moth
er, Mrs. Gertrude Binns, Of Baxter
Syringe, Kas. The bridal gown was
of white Paris muslin and the bo-
quet of white roses: Miss Mayme
Laudis, maid Of honor, was In white
and carried pink roses. Little BE-
telle Outlet. In white, carried the
ring ON a.vhite sstin cushion and
was accompanied By Master Felix
Landis. Mr. r. C. Engieman vas
best man. The Meudeissohn rnsrch
was played by Mrs. T. 8. Malone
and Professor Osier., Before tie
cerenouy. Mrs. Malone sang the
@Angers Serenade" The groom's
gifttopths. bride vas Q brooch OF
|diamoudsand pearis- Mr. and Ars.
Rhodes left on IN eastern bridal
/ trip and will be at home after jan
nary !, at the Aondomin."