davidaulloa/AmericanStories huggingface dataset:
The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1903-07-21
FALL I'M sEouRIT1Es

The remarkable decline of securities
which took place last week is thus ex-
planned by Henry Clews & Co. in the
Financial Review:
Another week of heavy and mysteri-
Gus liquidation has taken place. Fur
Their losses were of course incurred, and
rumOrs of embarrassment were more or
less current, which investigation proved
to have little foundation. for the reason
that injuries have fallen upon the strong
rather than upon the weak There was
not much in the way of new expIana-
tons for the decline. The old reaction
airy forces, though still at work, seemed
to have temporarily exhausted them
selves until the bear contingent, encOur-
aged by past success. discovered fresh
points OF weakness that yielded to at
tack. AS a result OF the latter opera
tons prices again touched the lowest
point in the present movement, and
good support was entirely lacking at
times, except when symptoms seemed
panicl<y. Whenever panic. however.
seemed imminent it was observed the
decline was stopped; and in high finan-
cial circles the absence of concern at
the markets gyrations was very no.
uceable. Another singular feature was
that the declines were just as severe in
high class securities as in those. of in
different character. and the selling of
these could not always be attributed to
liquidation Of weak accounts or to short
sales. To be brief. a new element was
discovered influencing the market. and
that was the money situation.
Immense quantities of railroad paper
are in the market, the big railroads be-
ing borrowers in this form to an alto
gether unprecedented degree. PennsyI-
vanias heavy borrowings viii soon
cease To be factor in the money mar
lcet. that corporation having been more
successful than others in changing it's
loans into fixed capital; but Lake Shore
New York Central. Hooking Valley.
Burlington. and finally Union Pacific
have all been, or viii be. heavy borrow
ers within a short period of time. To
what extent other roads are increasing
their floating debt is not known. but it
IS considerable. These funds are, usual
", imperatively needed for improve
ments to meet the urgent demands of
growing traffic. As a rule, these pro-
posed expenditures are necessary and
iustihable; they are the natural de-
mands Of growth But in the present
songested state of the security market
The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1903-07-21
Tragedy and Comedy.

New York World:
Interviewed at Milwaukee, Mr. Bry-
an is reported as saying of the "Cleve-
land movement" that it is a comedy as
it now stands, but a tragedy II II
should succeed. Mr.. Bryan prefers to
reverse the process. He has twice led
the Democratic party into two TRACE
dies and IS now doing a comedy role.
His persistent Clevelandphobia seems
really to give semblance of probable
ity to this amazing suggestion by A.
NJ. Low in the current number of the
National Review. 1t may seem fantas-
tic to talk of Mr.. Bryan taking the
stump for Mr.. Roosevelt, and yet If
Mr. Cleveland or a pronounced Cleve~
land man should be nominated nothing
would be more probable than Mr.. Bry-
an advocating the election of Mr..
Roosevelt as a "rebuke" to recreant
Democrats. Other philosophical OBJ
servers of political conditions have
called attention to the fact that Mr..
Roosevelt's popularity at the west has
striking-similarity to that enjoyed by
Mr.. Bryan in 1895, and is fomented, so
to speak, among the same class of
voters
The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1903-07-21
DEATH OF THE POPE

In the death of Pope Leo XIII the
world loses one of its greatest men and
the church one who has been one of its
ablest guides. At the time of his eleva-
ton to the papacy there were living
three persons whose influence upon the
history and political geography of Eu-
rops and much of the remainder
of the world has been scarcely less
than his own. These were Queen Vic
toria, Gladstone and Bismarck He
outlived them all.
Leo was ever a peacennaker and the
good he accomplished for humanity
would be hard to overestimate- He
welded a great power and if in any IN
stance it was not used for good the
error probably should be charged to the
head and not to the heart There have
been few if there has been any pope
like him and it may be a long time be-
fore the world sees his equal.
The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1903-07-21
GLOBE SIGHTS.
IFrom the Atchison Globe-1

lfrom the AtchiSon GloDe-I
We sometimes believe in hoodoos-
a white mans clothes never seem to fit
an Indian.
Wien twins arrive we imagine that
even the doctor laughs.
When we see a girl all in white. We
don think of fairies, but of the washing
It will ruin any man to be heupecked.
We never knew such a man to amount
to anything
It IS every mans secret fear that he
viii become deiirious some day, and his
wife VIII be his nurse.
The trouble is that the soft down on
girls face is liable to stiffen up with
age, and become whiSkers-
When a woman has twins all the other
mothers of twins want to call and offer
sympathy. but haven't time
Anxious Heart writes the Globe for
rules to be observed when one goes visit
ing We know but one: Don't go visit
Atchison people do not kick with much
vigor here lately: they have exhausted
themselves kicking about the Doniphan
road.
An Atchison father of five marriageable
daughters wants suggestions to what
faster.
When there is sudden shouting on the
streets, a woman always looks down in
an alarmed way to see if her skirt is
coming of.
In the public schools of Denver pupils
are taught to pronounce it Awhnt-' In
Atchison they are allowed TO pronounce
it the the little black one.
1t is a mistaken notion that they have
in Europe that the men who get up lynch
ing parties barbarians: they inva-
riab1y give their victim a chance to say
his prayers.
Be careful of making big statements.
Those to whom you are talking may have
inside information, and know that if you
have not been deceived you are telling d
whopper.
There was a church social on the lawn
at John Carriers home on South Fifth
street last evening. What church is
holding the social?'' some one who was
passing asked Carter. He didn't know,
and had to ask his wife.
An Atchison man who has been sue
cessful will send his wife and daughters
to Europe. The old man will work as
hard ever while they are away. Is
this sort of success worth while2 Should
MT a successful man be able to go to
Europe himself?
The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1903-07-21
QUAKER REFLECTIONS.

Luck is the religion of fools.
To fatter a sailor give him saltwater
taffy.
It doesn't require much effort to go Gown
hill
Some people talk TOO mucn to really
say anything.
1t is necessary to begin at the tcp in
digging a well.
The joIIier generally manages to make
both ends meet
Speaking of race suicide, what's the
matter with the toy pistol?
There are fellows who laugh and gT oW
fat ever their own jokes.
We often hear of love ct frs. sight. but
after that love is just DIfnd ever.
When man is under a cloud you can't
always convince him that it has A silver
ming.
When a mule kicks he generally accomp-
fishes some thing, which is more than can
he said Of a lot Of men,
The man who realizes that he has made
a fool of himself experiences considerable
difficulty in keeping others from finding
it out
The people who are slow but sure,
About their motto pirate;
But though the prize they may secure,
It comes to them too late.
The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1903-07-21
ARRESTED By MACKEY.
Thomas McManaman Was Caught
Bootlegging-

United States Marshal w. H. Mackey
has returned from junction City where
he assisted in the celebration of the
golden wedding of his parents, who have
lived in Kansas almost ever since their
marriage in 1858.
While at home Mr.. Mackey was not
unobservant of his official duties. This
matter is a subject of much regret in
the mind of one, Thomas McManaman.
Mr.. McManaman is a resident of juno
ton City. For the purpose of making
things enjoyable to a large party of ex-
cursioniSts who went to Junction City
from Emporia and other points in the
Neosho valley Mr.. McManaman pur-
chased and retailed a considerabl
amount of liquor. He "bOot-legged it. !"
Marshal Mackey found out about the
matter and lodged Mr.. McManaman in
Jail upon a government warrant he
viii be examined by U. S. Commissioner
Roark at Junction City this week upon
a charge of selling withoutSa govern
meut license.
The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1903-07-21
MONEY IS WORTH MORE.

Three transactions occurred in New
York last week, says the Philadelphia
Record, that have very direct bearing
upon current events in the stock mar
ket, and no small significance for the
general business of the country-a sig
nificance on the whole favorable, though
not without some drawbacks. The Bur
lington Railroad company borrowed
IS. 900, 600 at per cent; the Union Pa
ciic borrowed $40, 600. 900 on notes to run
eighteen months, nominally at per
cent, but on a per cent basis; the
Kansas City, Fort Scott and Memphis
Railroad company borrowed 100000
for 4 year a Z per cent. In other words,
money commands a higher price, and
promises to do so for a year or two,
than it has been commanding The
favorite investment stocks have been
going down not because any one doubt
ed the security, but because no one was
willing to pay prices for them that
would yield less than per cent and
they have been taken up at prices
which yield per cent or better. Munich
palities which are issuing bonds find
it almost impossible to get money at 31z
per cent and difficult to get it at 4,
and some of them have raised their
offers one-half per cent. 1t is believed
that a good deal of the selling of favor
lite investment securities is not due to a
bear raid, but to the opportunities large
holders have of selling securities that
pay barely per cent and buying 9TH
ers which will pay or Z.
The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1903-07-21

With political expansion has come
greater commercial possibilities invad-
ing a domain comparatively closed TO
American activity. The enormous in
crease in the trade of the Pacific coast,
with China, Japan and other peoples in
commercial touch with the transmits
sissippi states and territories. points the
way to commercial achievements which
must add to the prosperity of every
state and territory west Of the Mis-
sissiDpi river
Aside from the commercial relations
of this western country with the Orient,
there will be other topics to be discuss
ed and legislation recommended to the
national congress more directly affect
ing the people of the west. Among
these may be enumerated irrigation,
railroad rates, improvement of harbors
and waterways, the governmental de-
partment of mines and mining, good
roads, commercial relations with the
Central and South American republics,
beet sugar industry, the encoura cement
of home manufacturers. statehood for
the territories, legislation for Alaska,
Isthmian canal, merchant marine, con-
sular service, preservation of forests,
postal service, etc.
The governor of each state or territory
may appoint ten delegates.
The mayor of each city, one delegate,
and one additional delegate for each
5000 inhabitants; provided, however,
that no city shall have more than ten
delegates
Each county may appoint one dele
gate through its executive officer
Every business organization, one dele
gate and one additional delegate for ev-
cry so members; provided, however, that
no such organization shall have more
than ten delegates.
Governors of states and territories,
members of the United States congress
and ex-presidents of this congress are
ex-officio delegates, with all privileges
of delegates except those of voting
The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1903-07-21
CORN NEEDS RAIN
In Large Portion of the Southwest
Down to Texas.

Washington, July 21.-The weather
bureaus weekly summary of crop con-
ditions is as follows:
While the temperature in the central
valleys. lake region and Atlantic coast
districts has averaged considerably
below normal no unfsvorable effects
from cool weather are apparent from
the reports, except in portions of the
middle and south Atlantic states, where
growth was checked to some
extent The need of rain is beginning
to be felt in Oklahoma and southwest
ern Kansas. Local storms, in places
accompanied by hail proved damaging
in the upper Missouri, Mississippi and
Ohio valleys and Lake region. Condi-
lions on the Pacific coast were favor
able although light frosts caused slight
damage in Washington during the
early part of the week
Corn has made favorable advance
ment in all districts. but in the prin-
cipal corn states it is variable as to size
and condition, beng generally small
especially in the central and eastern
districts of the belt. As a result the
crop is in a good state of cultivation ex-
cept the upper Ohio valley and middle
Atlantic states. In portions of Indiana
Missouri, southwestern Kansas, Ar
kansas. Oklahoma and Texas corn is in
need of rain to a greater or less extent
High winds fiattened considerable corn
in the lake region on the nth and 18th.
Winter wheat harvest is practically
completed in a few of the more north
erly states Weather conditions have
been favorable for threshing, which
work is in progress. the yields continu-
ing light.
Much rust is reported in oats from
the states of the Ohio and upper Mis-
sissippi valleys and lake regions, and
upon the whole the crop is below recent
anticinationS.
The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1903-07-21
EDITORIAL COMMENT
Iron and Steel.

New York Times.
Much attention has been attracted or
late to the increasing weakness of iron
and steel prices. Its significance, how
ever is somewhat different from what
is commonly supposed. 1t does not
mean that the great consuming indus
tries are entering the condition of in
cipient paralysis or the general pros
perity has received a check from which
recovery is doubtful. What 1t does mean
is that consumers are satisfied that tor
some time the range of prices for crude
forms of iron and steel have been too
high and that during the summer
months purchases beyond immediate re-
quirements would subject the purchaser
to risk of loss from shrinkage before
consumption. Whatever contraction
there has been in actual consumption is
proba bly, due chiefly to the labor trou-
bles, which have interfered with normal
activity in many industries, but the
gradual increase in production has
tended to the establishment of condi-
tons which favor a read1ustment OF
prices.
The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1903-07-21
EVOKED A STORM.
Resignation of John Hays Hammond
Starts Trouble.

London, July 21.-At an adjourned
meeting of the shareholders of STRAIT
toms Independence mining company
today dividend of per cent was de-
clared, leaving about $500,0 in the
treasury.
Lord Chesterfield, the chairman, said
the board hoped the affairs of the COM
pany would be settled on more favor
able terms than yet proposed.
The meeting became very turbulent,
many of the shareholders demanding a
larger dividend.
The question of accepting the resigna-
ton of John Hays Hammond, the Amer
lean engineer, which had been placed in
the hands of the board. evoked another
storm. The chairman announced that the
company had decided not to accept it, as
the loss of Mr.. Hammond's services would
be severely felt
An amendment was submitted, aiming at
retaining Mr.. Hammond's services till the
litigation was concluded. but it was defeat
ed by a substantial majority.
The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1903-07-21
LOCAL MENTION.

Erasmus Haworth of the University
of Kansas, is in town today.
]. B. F'rawley, Kansas City passenger
agent of the Union Pacific, is in To-
peka-
An additional contribution of $405 was
received today for the relief of old SOL
diers who suffered in the flood. This
added to what is already on hand makes
total of $685. in the fund.
The state charter board will meet this
afternoon instead Of Wednesday morn
ing. as is customary. in order to get the
work out of the way before Secretary of
state Burrow leaves on his vacation
trip. He will start Wednesday.
Today the state board of equalization
resumed it's session. and has now pre-
pared a rough estimate on the valua-
ton of farm lands in the various coun-
ties. This afternoon the board is work
ing on the personal property valuations.
The case of Wyatt Graham VS.. Isma
Troth, trustee, was filed today in the
supreme court as an appeal from john
son county. Troth sued Graham on a
note for $4,000 and recovered judgment
in the lower court
Clarence Young, proprietor of the drug
store at sol Kansas avenue. was refused
liquor permit by Probate Judge Hay
den Monday. Judge Hayden took adj
vantage of the occaz.on to make a few
remarks which were not complimentary
to liquor selling drug stores
The coroner's jury. which Investigate
ed the death of FRANKIE" Hayden, the
colored woman who was found dead
Sunday night, gave a verdict of death
from an over dose of cocaine. The
woman was addicted to the use of the
drug.
The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1903-07-21
WILL CANNON DO FOR SPEAKER

[From Pittsburg Chronicle-TelegTaph phi
1t may or may not be significant of
anything in particular aside from the
surface showing that so soon after the
declaration Of Congressman Cannon, of
Illinois, that financial legislation to pro-
duce a rubber currency is not neces-
sary. the country should be given an
object lesson on the need of reform of
our currency system. We do not think
it is more than a coincidence, but it is
an important one. If on the one side the
west pulls with it's demand for money
to move the crops and on the other side
Europe pulls to be reimbursed for its
exports to this country while the gov
eminent adds to the strain by locking
up in the treasury cash from customs
collections, thus adding to the strength
of Europe's pull, it would appear that
something must either stretch or tear
That Congressman Cannon does not see
it that way does not alter facts, and is
no mitigation of the situation. 1t was
generally admitted in the last congress.
in both houses. that there ought to be
reform of our currency laws, but the
doctors could not agree on the method
of relief and the patient was left IN
prescribed for. There is no less urgency
now than there has been. There is per-
haps more.
The need of legislation being general
ly admitted, and the speaker of the
house being in a position of great power
to make or mar legislation, it must be-
come a question with the people wheth-
er it will be wise for congress to place
Mr.. Cannon in the chair if he continues
to adhere to his expressed views. For
tunately he is not yet elected speaker.
He stands, however, in the advantage
Gus position of having been given the
Endorsement of all the state delegations
after the elections of last November.
volved at that moment in the choice of
a speaker of the lower house of the
Fifty-eighth congress, and the decision
of the delegations was made with refer
ence to the two points of personal pop
ularity and geogra phical location. Now,
however, Mr.. Cannon has made an inn
portant issue. and the question occurs
on his own motion as TO whether he is
the proper person to occupy the chair of
the house of representatives. at this time.
II currency reform is as necessary as it
is generally believed to be will it be wise
to have for speaker in virtual control
of the legislation, a man who is I'M
friendly to it? It is matter which
members of congress ought to carefully
consider between now and the meeting
of the national legislative body
The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1903-07-21
Music at Meals.

New York Times:
In a budget of nonsense which Punch
prints purporting to be a consensus of
musical opinion as to whether meals
should be eaten with an accompaniment
of music, an extract from an alleged
letter from Henry Bird shines cOnspicu
Gus for practical wisdom. Mr.. Bird is
said to have written: You ask should
there be music during meals? But what
of the converse should there be meals
during music? 1t seems to me, that to
offer music at restaurant Is a confess
sion of failure on the part of the chef"
To get a satisfactory dinner outside of
ones own house without an accom-
paniment of alleged music is becoming
increasingly difficult. Sometimes the
music is better than the food, and some
times the food is better than the music.
But never are they in a sympathetic re-
lation.e Music may very well assist in
the enjoyment of meal if one be dining
alone with nothing pleasant or profitable
to occupy his thoughts, especially if the
music be not blatant or insistent in
quality.
The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1903-07-21
rRANsM1ss1ss1PPI CONGRESS

The fourteenth session of the Trans
mississippi Commercial ongress is called
to meet in Seattle August Is, 10, 90 81,
1903
The Transmississippi Commercial con-
gress has, for more than decade. BEEN
a factor in the upbuilding of the states
west of the Mississippi river comprising
its jurisdiction During its life it has
seen the political and commercial scope
of the transmississippi region expand,
and during these years it has taken
prominent part in every movement
tending to commercial advancement.
The influence of the TransmississipDi
Commercial congress embraces the
greater geographical part of the coun-
try, comprising "A states and territories,
and represents the business interests of
% million people residing west of the
Mississippi river. The recent achieve
ments in the realm of national expan-
sion add to this territory our colonial
possessions of the far east. with their
nine million of additional population.
The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1903-07-21
JAYHAwKERJ oTs.

Ellinwood has three bands-two Of
brass and one of Hope.
A proud but unpatriotic Fredonia girl
Travelled to London to become bride.
There are pot hunters around Wichi-
ia low enough to shoot the cooling dove.
II was a lemonade crowd at the Otta-
wa Chautauqua- The official stand
took in over 1928.
Chanute is overrun with burglars.
They even condeseend to steal soup
bones and blacksmith anvils.
A family who made a fortune in oil
have left Chanute to reside in Svenlijun-
ga, Sweden. Just think of it.
An Ellinwood man IL years old has
not missed working in the harvest field
a single time for the past IS years.
The banner year in Clay Center dog
tax collections was 1902 This year 12O
can howl at the moon undisturbed.
In order to keep down expenses an
Atchison widow is painting her home. Is
that why Atchison women paint their
cheeks?
A Wichita jail bird complains that
his quarters are hot He should know
that a shady character doesn't always
keep one cool
A Clay Center chicken plant has TO-
900 pullets on full feed ButtermiIk.
oats and cornmeal batter is their daily
meal with a dash of clover on Sundays.
A Howard cat chased a rattlesnake
under a woman's chair. She did not
faint nor yell bloody murder but sim
ply grabbed up the chair and did bloody
murder-to the snake
At a recent Lawrence social Chancel-
lor Strong made it plainly evident that
g-around-a-rosy" and drop the
handkerchief were just as easy as as
tronomy and geometry.
An Ottawa man has retired as driver
of delivery wagon for the city mill. 1t
The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1903-07-21
POINTED PARAGRAPHS.
[From the Chicago News.l

From the Chicago News.1
Grumbling is lots of comfort to some
men.
Never judge a man by the cigars he
gives away.
The prodigaI son of the meek and low
ly is a bad egg.
Anger is the thunder that sours the
milk Of human kindness.
No man can serve two masters unless
he is a low down politician.
A scientist who investigated the color
of a cyclone found it blew.
An appetite for. liquor beats an UNI
brella for keeping some men dry.
AS national institution the overeoat
is now eciipsed by the shade tree.
No, Cordeliassa woman isn't necessari-
ly out of yarn when she knits her blows.
Subtle minds usually submissive
only when submission serves their own
interests