The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1903-04-05
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DISAPPEARED / \ J
Prosperity Versus FinanCierl-s
Ing IN Wall Street i.
NEW BUSINESS METHODS
PAiatiai offacss o. zig Manufacturing
Il Concerns-C coming Racing Season.
Some Wagers Laid That Sir
Thomas VIII Llft the Cup.

GbSs -
Thomas VIII Lift the Cup.
By5 ! Ohm hhARTH -. Il
NEW YORK, April Alt y a siEnifii-
cant fact that the value. Of listed seeuri-
Ties on the New York Stock Exchange nave
shrunken during one year almost one on
billion Of dollars. Vi This shrtnknge has
boen quiet ana gradual. 1t has been
largely confined to railroads, and II has
affected industrials least Of all. TO What
Is this dues Reports Of railroads !, show y.
passenger raftic; indeed many state that
tho demands made upon roadbed and
equipment have been 30 heavy that more
rails have had to 10 laid and more onrs
and locomotives purchased. Tho song
the directors have sung has oeon one o.
Increased wages to employees ana in-5
creased expenses show handsome net
earnings. Car builders, locomotive build
aers and steel mills report their output
ito railroads behind tho demand. Inter
est on bonds has been prompt paid:
and millions in dividends distri buted
But prices are lower. ii
Is The Visit OF q corporation lawyer to the
capital OF tho State, having loose oorpo-
ration laws, the paying OF fee, the per-
mission to swell the capital stock, the
printing Of n fow hundred 'reams Of paper
& in green Ink Is wholly responsible for
some thousands OF millions. The value
: to these millions was set by "manipula-
ton, The hook was set, baited with all
the wlles and artinoe Of modern f1nnn-j
oiera, to catch the public. Now for q
year ana more the public has not desired
the pretty certificates It has preferred
bonds secured by mortgages which meant
something. Manipulation costs money,
and few shares on q falling market
thavo been sold TO dofray interest; brokers'
charges and expenses generally. Inc
manufacturers made the pretty certin-
Gates to sell on a rising market; but tho
public has com come to ~ senses s'ss'
One billion this year. venture to pre-
dict that another billion will trickie out
next year. II And twh on banks become moro
conservative in loaning the h money OF
their customers on, the output OF the Ger.
tincate Factory, the shrinkage will be still
with the prosperity Of the country, or
with the volume Of freight, but there is
good deal the matter with the green.
goods offered to the public on Wall Street
Modern business methods would sur-
prise our grind fathers. The oftices Of
modern up-to- date manufa cturers are
equipped after fashion that would
make the pioneers OF American trade rub
their eyes I had occasion the other
day to visit the great plant OF the New.
York Architectural Terra Gotta Com
rany at Ravenswood, witt a friend, an
architect, who wished to inspect some
elaborate ana artistic models for one OF
the new buildings. After we h n,,l passed
where the workman were working cay
into designs for the various ornamental
parts Of a building, reminding mo OF tho:
studios OF scu1ptors, we visited the Of
flee. Hcre wo met MT. Walter Geer.
the president, and Mr.. bushnell Daniors,
Now It Is here where the old method Is
superseded by the now. An entire moor
"a devoted to entertainment TT has re-
ception rooms retiring rooms, large
dining room and Kitchens The walls
are adorned with photographs OF gr q,
Waldorf Astoria, the Hotel Imperial
5Ansonia, Delmonico's, German Square,
Dorlings and other conspicuous edihces
for which the company has furnished
torra Gotta; the great brick flre,place e
nre noble specimens OF the Work zone IN
this favored building material, etc; y
the reception rooms are great .aloums
showing the noblest specimens OF S4reek
and Roman architecture. also OF tho
italian and French Renaissance.
'The killing Of a woman on Fifth Ave-
nj. and Thirty-fourth Street by CAP
has given the automobile men an argu.-s
ment. They say the automobile IS less
dangerous than tho cab. It RESPONDS
moro quickly to the will OF the driver,
andHt can como more quickly to oeao
STOP, DO this as It may, It is certain,
howovor that not a week COOS by but
tho death roll IS added to by tho victims
OF trolleys automobiles and cabs. The
time Is fast coming both in the city and
ia auburbs, when the old sailors belief
that the perls OF the sen arc less than
the porlls OF the land, will come true.
,r-7 &lsE &c W.
Mr.. Lewis Nixon seems to be coming In
FOR q good many honors from Republican
sources, President Roosevelt names him
to head tho list OF the Board OF Vial-
tors to tho Naval Academy At Annapolis
|jnnd Governor Odcll hns appointed him as
tho Democratic member of the st. Louis
Fair Commission This Is, however, only
ono of the curious phases OF political life
n New York, The reason why honorH
fall to Mr.. Nixon's lot may be ascribed
to his frankness and integrity OF charao-
tor, entertaining vol set and immoYaSe
opinions he, nevertheless, respects those
who differ with him lie makes no ene-
mics and has pleasant and hearty
greeting for ALL III
Flo is an outspoken Parker man and a
personal friend OF Mr., Bryant and when
Mr.. Bryan Is attacked he does not hesitate
to so to his support. Mr., Nixon Is a gem
erous enemy. staunch friend and gem
uine Democrat.
From now on, thousands. It would not
bo cxaggeration to shy tens OF thousands,
OF men will DO much Interested In the
preparations of owners OF "crack" tho-
roug rbrods for tho coming season on the
metropolitan tracks. For many seasons,
tho white, with red and blue cross sashes,
Of the stable Of the late Charles Flelsoh-
mann, have been popular among the
lovers OF the great sport. These colorss
have been guarantee OF fair sport, and
they have been run to victory in many
leading stake. It Is pleasing to know
that this year they will be seen as the
colors of a stable, which has a grand
string Of two-year-olds. The stable is now
ou,,,oa ~, bio roma Massrs Juliug md