davidaulloa/AmericanStories huggingface dataset:
The Denison review. [volume] (Denison, Iowa) 1867-current, 1903-04-18

were kidnapped, lured away and muir
dered by anarchists; had committed
suicide, or reposed safely in the
bosom of their families.
AT one o'clock Sugar had dropped
25 points, Baltimore & Ohio is points,
st. Paul IA points, Metropolitan SO
points, Jersey Central II points and
Steel and Iron 81 points. The stocks
in which the missing men were not
known to be interested withstood
the shock with smaller losses, but
the whole list was mutilated almost
beyond recognition. The news had
reached London too late to permit
English operators to cover in that
market, and the cables bore the tales
of their dilemma.
Shortly after one O'Clock brokers
in the employ of Street & Rogers
jumped into the market as buyers.
In the first hour of the session, be-
fore the break came, it was estimated
that they had sold not less than
100000 shares, and Kent brokers had
sold fully 100000 more The total
sales for the first hour reached the
unprecedented total of 1,2SO,OOO
shares. From II until o'clock the
representatives of Street & Rogers
did nothing. They then began to take
some of the stock as it was offered.
They became the center of riots.
Men fought like fends to sell them
stock. In spite of their support the
ntfnrInrS CT
prices still declined. They bought
Sugar in 10000 and 10000 share lots.
In an hour Street & Rogers had COW
cred 100000 shares.
Two papers appeared with extras
containing dispatch from Philadel-
phia stating that Messrs. Morton,
Carmody, Pence and Kent were In
conference at the Hotel Lafayette.
1t related with great explicitness
that they We're considering the de-
tails of Il gigantic railroad combina-
ton, and the article contained a
brief interview with Mr.. Morton In
which he refused to discuss the OBJ
jects of the meeting, but regretted
that the public should have become
alaflned at the secrecy which had
been deemed necessary. The same
news was spread through the bro
kerage and commission houses by
the news agencies and came out on
the tape.
The effect was electrical. The mar
ket rose by jumps and bounds. Every
one seemed rushing to cover, but the
squirt was short-lived. When the mar
ket had advanced an average of ten
points, Street & Rogers and Boston
and Chicago interests turned heavy
sellers. They threw the stock they
had accumulated at the bottom fig
ures right and left. They found
plenty of purchasers. The Philadel-
phia dispatch was SO good it must be
true. 1t sounded natural. and was a
logical reason for the absence of
The Denison review. [volume] (Denison, Iowa) 1867-current, 1903-04-18

OF the monopolies listed as mat
ural," we notice many with very
large italization-eXpress COM
panies, electric railways, electric
heating, Illuminating and refrigerat-
ing companies, natural and manufac-
tured gas companies, insurance COM
panies, railways, telephone and tele-
graph and waterworks.
The great beef trust, which con-
sists of eight corporations, has ity
center in Chicago. An Englishman
says: Chicago regulates the price
of beef in London, Liverpool, and
Manchester.' The Chicago Union
stockyards. founded in 1868, occupy
square mile of space in the heart of
the city; the packing houses have a
capital invested of more than $67,-
100000 and employ $4,000 men.
The name of Havemeyer imme-
diately presents itself at mention OF
the sugar trust. Three generation
of Havemeyers have been interested
in the sugar industry, and Mr.. II.
o. Havemeyer. of the third genera
ton, administers the main plant of
the sugar. rust, a plant that has an
annual outpt of 100000 barrels.
The sugar tn, by no means mono-
polizes the suga, industry, the ''inde-
pendents" provih a strong rival.
The tobacco trust is an american
Invasion. of gigantic dimensions. Mr..
George Buchanan Fife, writing in the
Century, says: THE tobacco trust
to-day the trade of virtual
ly every country on the globe save
those in which the business is gov
eminent monopoly. 1t owns
l3l factories in nine countries. and
its assets in actual property reach
$15O,ooo,ooo. The aggregate capital
of the companies composing it is
about $4O00OO,OOO."
The two greatest trusts in the
country are the Standard Oil COM
pany and the United States Steel COR
poration. In 1902, the dividends de-
clared by the Standard Oil company
were As per cent. on the capitaliza-
The Denison review. [volume] (Denison, Iowa) 1867-current, 1903-04-18
THE TIGER WAS PLEASED.
Rubbed with n Wet Sponge an I'M
tanned Jungle Monarch Let's an
Ignorant Cossnck Escape.

\ CossacS, ignorant of the French
language and equally ignorant of
fear. was recently hired at Moscow
by the lion tanner Pezon to clean the
cages of his wild beasts. Their I'M
derstanding, or misunderstanding
was arranged by means of gestures
and dumb show, and Pezon thought
that the man thoroughly understood
what he had to do, relates a London
paper. The net morning the Tartar
began his new duties by entering
with bucket, sponge and broon,, not
the cage of a tame beast, as his ,uas-
ter had done, but of splendid I'M
tanned tiger, which lay asleep on the
floor. The fierce animal awoke and
fixed its eyes upon the man, who
calmly proceeded to wet his large
sponge, and, unterrified, to rub down
the tiger as if it had been horse or
dog; while the tiger, apparently
delighted by the application of cold
water, rolled over on it's back,
stretched out its paws, and purring
offered every part of its body to the
Cossack, who washed it as compla-
Gently as mother bathes her infant.
Then he left the cage, and woul1
have repeated the hazardous expert.
ment upon another savage beast
from the desert had not Pezon drawn
him off with difficulty.
The Denison review. [volume] (Denison, Iowa) 1867-current, 1903-04-18
Turniu Time.

cts disgraceful the way children
are taught" she began, with pain
full disregard of tact and diplomacy.
Their studies are so jumbled to-
gether that they don't know when
they have finished with arithmetic
and taken up geography. The other
day Bessie came home and said that
the teacher had stopped in the mid
die of singing lesson, right in tho
middle of song, to ask how many
turnips We're in a peck"
You must be mistaken" excused
the astonished principal.
mo, ma'am. Bessie told me, and
Bessie never lies" said Bessie's moth
er, with complacency that irritated
the atmosphere.
The teacher was sent for. She de-
MED that she had interrupted the mu-
sic lesson to satisfy her curiosity in
regard to turnips and pecks She
went back with unkindly feelings.
but three minutes later she returned,
smiling.
Il know now what she meant" said
she. Il asked the children how many
beats there were in measure."-J.on.
don Answers.
The Denison review. [volume] (Denison, Iowa) 1867-current, 1903-04-18
he KIDNAPPED
MILLIONAIRES
A Tale Of Wall Street
and the Tropics ~ Il
BY FREDERICK U. ADAMS
Copyright. 1901, by I.othrop Publishing Company.
All rights reserved.
CHAPTER IN.

SOME STRANGE HAPPENINGS.
Mr.. r. j. Kent, the great operator,
paced slowly up and down his room,
but never missed an examination of
the tape as it escaped from the
chattering ticker, by an interval ex-
ceeding half Il minute. AS the hour
of two approached, the little machine
became furious in it's efforts to keep
pace with the operations of the
sweating, swearing and struggling
brokers, two blocks away. Mr.. Kent
let the tape slide through his fingers
and read a record which translated
was as follows: 5000 shares Sugar
1491%-2,200 Sugar 149-4, 1000 Sugar
14s14-7oo B. & o. 1914 i 100 b. & O.
1o7-2,soo j. & o. 1865 500 b. & O..
1o6-3,2OO ST. Paul 171-4,OO0 ST. Paul
170Es-50o ST. Paul 10000 ST. Paul
1C9A-1, 400 Metropolitan 1897 900
Metropolitan 172h-1,6O0 Metropoli-
tan 17lM-4,OOo Jersey Central 1914
500 Jersey Central 1885 roo Jer-
sey Central 1876 Jersey Central
15sA-2,4oo Sugar 147A-soo Sugar
147.
Mr.. Kent stepped to his private
telephone.
"Who is selling that Sugar?" he
nsked his broker.
Street & Rogers are selling most
of it now. Brokers for Norris g.
Hauser of Boston, and Wright G. Fam
ming of Chicago have also been sell
ing it. These houses have been sell
ing ST. Paul, Jersey Central, Balti-
more & Ohio Metropolitan, Steel and
Iron and other Stocks" was the
prompt answer. 81 advised the office
of it some time ago.
"Who is the selling for?"
NO one seems to know"
What do Ravens brokers say?"
'They seem to be up in the air.
They are still buying Sugar"
"All right. Goodbye"
Mr.. Kent called up Mr.. Haven, the
great sugar magnate.
what in the devil is the matter
with your Sugar stocll?" he demand
ed.
81 don't know" was the response.
Its all right. am buying it as fast
as it is offered. What is it now?"
Mr.. Kent examined the tape.
zone hundred and forty-eight and
quarter" he replied. at has been
down to 146A but has recovered
some. Who is doing that selling?"
Sure l don't know" answered Mr..
Haven with some Impotence. "Prob-
ably some one taking profits. 1t will
60 up again."
'All right. Thank you. Goodbye"
Mr.. Kent studied the tape for o
few moments. The market was
slowly steadying. The public was
obcying the mandate, buy on every
The Denison review. [volume] (Denison, Iowa) 1867-current, 1903-04-18

-four, glue, grass Irvine, graniteware,
l.arvesters, hardware, leather, ice,
kodaks, lamp chimneys, linseed oil,
locomotives, and lake dredges. Lake
carriers and lumber are in the hands
of consolidated capital, as is also the
mercantile marine. Matches, ma
chimes and mailing are handled by
trusts; print cloth, paper. perfume,
plows, and nickel manufactured;
Pullman ears built, and the pneu-
matte service managed. The capital
of combines is employed in the man
ufacture of rope, railway equip
ments, rubber, sashes and doors,
soap, steam pumps, salt, school furni-
ture, and sewer pipes. Securities are
handled by the trusts, ships built,
smelling and refining carried on, and
silk manufactured. The theatrical
trust is capitalized at $30,000,000, and
though for some time it has practi-
cally controlled the theaters, at pres
ent q strong movement to lessen its
influence is at work. Trusts turn out
typewriters and thread, tan leather
make wall paper, writing paper, and
window glass; handle wines and
manufacture zinc.
The Denison review. [volume] (Denison, Iowa) 1867-current, 1903-04-18
CHAPTER V.
THE WALL STREET PANIC.

What happened on this famous
Tuesday has been lightly touched on
in the opening chapter of this his
tory. The morning papers had de-
voted considerable space to the bear
furry in Wall street. There were
guarded illusions to the coup per-
formed by Mr.. Kent, who had con
Quoted his operations with little at
tempt to disguise his attitude. His
profits were variously estimated at
from $75O,O00 to $3,O00,O0O, and it was
strongly intimated that he would live
to regret the unwarranted scare he
had precipitated.
On the following Tuesday morning
London ignored the New York break
in prices and opened strong. Chicago
and the speculative west looked on
its splendid crops and telegraphed
buying orders in generous volume.
The galleries around the trading floor
of the Exchange were crowded with
the sight-seers who are always in
force when the market is excited.
The hand of the big clock slowly ap-
preached the hour of ten. The thou
sand or more brokers gravitated to-
wards the various standards which
bore the names of the important
trading stocks.
The market opened strong and at
slight advance in spite of large
offerings of stock by Kent brokers
and from Street, & Rogers-acting
for their unknown principals-the
market held its own the first half
hour. 1t was at this time that
vague and portentious rumors were
circulated on the floor, and wills
pered over telephones. These ru-
mors were greeted with general in
credulity, but the effect on the mar
ket was apparent from the time the
first suspicion was breathed. London,
Chicago and other speculative centers
continued buying and selling, uncon-
The Denison review. [volume] (Denison, Iowa) 1867-current, 1903-04-18
THE NAV BEHIND THE BABY,

You can hardly read paper without
being sure to find
some sentimental poem on the man who
is behind.
Hoes, cannon picks and muskets and
some more are on the list,
But the man behind the baby in it's go
cart has been missed.
The others may be heroes and quite use
full in their ways,
And more or less deserving of poets
fervid praise;
But they cannot hold candle to the man
we love to meet
Behind the cunning baby in it's Go-cart on
the street.
With all the pride and dignity new papas
will display,
And nerved against the silly jokes his
funny friends essay,
And feeling SO responsible he pushes on
its trips
The go-cart and the baby with the bottle
at its lips.
1t is an inspiration to bashful single
man
To see this small procession with the
bottle in the van;
And notice how the women who are pass
ing have to stop
And gaze with admiration on the image
of its pop.
No nursemaid's cold Indifference he
shows to babys cries;
He'll find the pin that's pricking and he'll
keep away the flies,
And he'll adjust the bottle when it tum-
bles from its place
With true heroic dignity BETTING to the
case.
He'll nicely dry the babys chin and wipe
its little nose,
And soothe it, oh, so motherly and
smooth its rumpled clothes,
And never lose his temper though it puz-
zles him lot
To know just what's the matter with
the screaming little tot.
He'll talk to it the prettest of baby talk
until
The baby thinks he is fool-as smartest
babies will;
And he will cut up capers just to make
the darling SMILE
Regardless of the people who may Won
der at his style.
load of joy
Two bottles and two babies and-not one
of them a boy
The man behind that trouble may not
show it in his phiz,
But all the same hero, and a big one,
too, he is.
You may talk about the courage of the
man behind the gun.
Who often is so frightened that he hasn't
strength to run;
But for finer courage-when his wife
is tired out
The man behind the baby is the man to
brag about.
III. C. Dodge. in Chicago Daily Sun
The Denison review. [volume] (Denison, Iowa) 1867-current, 1903-04-18

these men. At two o'clock the mar
ket was firm and slowly advancing
Notwithstanding the vast offerings
| from Street & Rogers. At $3.50 Wall
street was growing optimistic. 1t
| regarded the selling as proft-taking,
and bought with confidence. Sugar
rose to within seven points of the
opening figure.
Then came the final disaster. 1t
was announced that John NJ. Rock
| well, the great capitalist, and Hiram
Haven, the sugar magnate also were
missing. simultaneously, word was
received from Philadelphia that none
OF the gentlemen mentioned had been
at the Hotel Lafayette, and that the
dispatch was bogus, having been sent
out by commission house which
took this method to recoup some of
its losses. In the crash which fol-
lowed several houses went to the
wall. Their holdings were thrown
on the market. Sugar dropped an
extreme 40 points. Other securities
suffered in proportion. A man stood
in the middle of Broad street and
blew his brains out. Staid old invest
ment stocks which had regularly
paid dividends for years dropped five
points between quotations. Sugar
fell IL points on sale of 400 shares,
and did not steady itself for ten
minutes, during which time it was
worth $500 a share less than it
had been those few minutes before.
Once more it was Street & Rog-
ers to the rescue. For two days
they had been selling on good news
and buying on bad news. Again
their brokers stood in the breach
and bought Sugar, B. & o., ST. Paul,
Jersey Central, Metropolitan and
Steel and Iron from men who seemed
willing to give it away. When the
gong sounded at three o'clock, the
signal that this awful day was
ended on the Stock Exchange, these
| brokers were yet surrounded by
swarms of men frantic in their eff
| forts to sell stocks at any prices. 1t
was midnight before the lights went
out in the offices of Street & Rogers.
Scores of haggard men arranged pri-
vate settlements on terms which
would permit them to remain SOL
vent.
| The profits of the unknown prin-
cipals or syndicate represented by
Street & Rogers, of New York, Nor
ris & Hauser, of Boston, and Wright
| d Tanning, of Chicago, were con-
servatively estimated at S24.O0O.OoO.
The members of the firm of Street
d Rogers gave out no figures and
refused to name the men they were
representing. They stated that they
had considered the market over
bought, and had sold stocks in antic-
ipat;on of natural reaction. The
unexpected bad news had found them
in situation from which they could
not help reaping an enormous adj
vantage. They had simply taken
profits on the various movements of
the market, and did not share the
apprehensions of those who feared
for the safety of the missing men.
Mr.. Street declared that prices were
too low at the closing figures, even
if it were known that the worst had
happened. Intrinsic values could not
be permanently affected by the fate
of individuals, and he advised buying
on any further declines.
Thus closed the most memorable
day in the history of Wall street.
ITO Be Continued
The Denison review. [volume] (Denison, Iowa) 1867-current, 1903-04-18
scious of the shadow which was now
darllening the street.

scious of the shadow which was now
darlSening the street.
The storm broke at II o'clock.
The yellow slips distributed by a
news agency contained the following
paragraph in double-leaded type:
"11:05 a. m. Andrus Carmody, Pal
mer j. Morton, r. J. Kent and Simon
Pence cannot be found. They were
last seen in Mr.. Morton's offices about
four o'clock yesterday afternoon.
Their relatives know nothing of
their whereabouts. The police and
detective force have been notified"
A message of similar purport was
recorded on the tape.
Any description of the scenes
which followed on the floor of the
Stock Exchange would be deemed
eSaggeration by those who never
have seen a speculative panic sweep
all before it. The tempest was
loosed. Before its fury the sturdy
financial oaks bent in the blast. The
puny speculative saplings were up
rooted and borne away on the wings
of the cyclone. Staid old men who
had not been seen on the floor of the
exchange for months, rushed hatless
through the streets and hurled them
selves into the crazy mob
The 60 acres of the financial dis
trict was a Bedlam. Men tore pa
pers from the hands of newsboys
and rushed away without paying
for them. The widest rumors, if
of evil purport, became certainties.
The word went down the street that
great bank had closed it's doors.
There was no fragment of truth
in the statement, but it was accept
ed as an unquestioned fact. 1t was
charged that the great enterprises in
which Carmody, Pence and Morton
were concerned were insolvent, and
that these men were in secret con-
ference, endeavoring to arrange a
compromise with creditors. Mr..
Kent was regarded as the SPECTATOR
who had been intrusted with this
news. and commissioned to use it to
recoup some of the losses.
The evening papers were flooding
the city with extras. The news was
SO stupendous as to confound the
genius of the designers of headlines.
There was neither space nor type
sufficient to depict their emotions.
But the imagination of the report
ers was equal to the crisis. In be-
wilderinp succession the millionaires
The Denison review. [volume] (Denison, Iowa) 1867-current, 1903-04-18

tion of S1on,OOo,OOO. Mr.. Rockefeller,
who is supposed to own about one
half of the capital stock, need not
be considered to be depriving HIM
self when he parts with couple of
millions now and then to add to the
bisness of his university. Mr.. Rookie
feller's concentration of the oil in
dustries into the present all-powerful
combination has been the theme OF
at least two historians.
\ New York firm that publishes
manual for investors, has issued
Il booklet on ''The Reorganization Of
Industry" in which is given Informal
ton concerning the gigantic enter
prises controlled by Mr. j. Pierpont
Morgan and concerning those in
which his influence is dominant. The
enterprises he controls include 3d.
600 miles of steam railroad with a.
capitalization of over So 1000, O00,O the
steel trust, with a capitalization of
more than $1,390,00O,0O0; the ocean,
steamship combination whose capt.
talization as yet is compare tiyelyi
modest, namely S1,7OO,000, total of
over o00,0o0,oO0. 1t is told that
Mr. Morgan once, when he was ap-5
preached regarding his monopoliza-S
ton of the manufacture of steel and
iron, made the remark: 81 have
smashed trust, not formed Ones
but Mr.. Carnegie, who felt I've had
had enough of industrial life, had in-E
tended to retire from active partici-
patton in business before the United
States Steel corporation was ever
thought of, and it was Mr.. Carnegie
who insisted that Mr.. Morgan he
come head of the corporation whs1
projected.
The United States Steel corpora
ton, founded in 1901, owns blast fur
naces, rolling mills, railroads, boa
lines, gas wells, thousands upo,
thousands of acres of coal lands NJ
coke ovens and limestone quarrie.
The Lake Superior Consolidated Irc
Mines which contains the richest di Il
post of iron in the world, are on
of the properties of this corpor;
ton. The United States Steel cor
poration is able to produce annuall
over S,5OO,O00 tons of pig iron. IL
it's rolling mills and steel works
can manufacture every year 100000
tons of steel. An army of wage earl
ers, $4,000 in number, work for tn 81
corporation and receive in paymei
$f13,000,000 No wonder the phrass
THE Reorganization of Industry" h
been coined. KATHERINE POPE
The Wise Man.
The wise man enjoys the little he h
The Denison review. [volume] (Denison, Iowa) 1867-current, 1903-04-18

resulting from the combination of
other corporations" The Congress
sional Information Bureau gives y
long list of industrial corporations OF
the United States representing the
combination of previously existing
independent interests. Ehe number
OF industrial trusts listed is 453. the
The Denison review. [volume] (Denison, Iowa) 1867-current, 1903-04-18
70 CORRESPONDENTS.

All communications for this pa per should DO accom-
nnlee ~ the name OF the author not 70,
part Of the writer Write only one aide OF the 20
per BE particularly careful in giving names ane
names are often difficult to deciphcr becaust
oi 'he careless manner In which they are written.
The Denison review. [volume] (Denison, Iowa) 1867-current, 1903-04-18
The So-Culled Trusts Of
the United States
The Products Which They Control, The Men Who
Make Them and How They Made.

oCToRs disagree as to
what actually constitutes
a trust, and probably
some time will elapse be-
fore a universal definition
is agreed upon. The one