davidaulloa/AmericanStories huggingface dataset:
The Owosso times. (Owosso, Mich.) 1897-1926, 1903-06-26

The barber shops will be open until
eight o'clock p. IN. Thursday, July 2,
and until all are served Friday evening
July 3. They will close all day July 4.
Invitations have been issued and re-
ceived by several of his friends in Nor
rice for the marriage of Prof. Robt. o.
Austin, assistant principal of the schools
at Newark Ohio, to Miss Kate Coffey
Maloney, teacher in the central schools
of the same city. The ceremony will
occur the 25th of this month in Newark.
His friends congratulate him heartily
Perry Journal.
The Owosso times. (Owosso, Mich.) 1897-1926, 1903-06-26
Woodruff, and Sciota Farmers Club

Woodruff and Sciota Farmers Club
The Woodruff and Sciota Farmers
Club met with Mr.. and Mrs. J. L,
Huffman, June 49,:
The association topic was opened by
Mr.. Huffman who read an article from
the Michigan Farmer entitled, How
shall a farmer and his family spend a
vacation? Mr.. H. said, in his expert
ence on the farm he had seen no time
when he could leave for weeks vaca-
ton. 1t takes some planning to be able
to spend day each month to attend the
club. Remarks were made by Messrs.
Clements, Headley Warren, Berry and
Houghton, and Mrs. Purdy. 1t was
proposed that as most of the members
could not spend more than one day for
pleasure we should have club picnic
at Round Lake August 6.
Song Evening will Bring us. home,
Mrs. ~, H. Berry; recitation, They put
no flowers On my papa's grave, Mrs. J.
Hopghton., Jrs- Sailors song, f.. M.
Clements; recitation Old Ironsides to
Qlynlpia MIS-. p. Heughton; song,
There ARE strangers On the Old farm,
Mrs F, Warren; select reading, Going
out with the boys Of the sixties, CIV.
Clements.
The question box was conducted by
Mrs. j. Houghton and brought out
lively discussions ON number of sub
jects.
Is high school education. benefcialg
Mr.. Huffman said, undoubtedly it! is,
but the coursesof study could and should
be made more practical. g. Houghton
said Michigan is proud Of her schools
and people are. progressing and must
continue to do so The time is past
when ansilneducated man can make as
good a Place for himself in life as an
educated man The object of our
school is to make a well ve.oped man.
The time spent in many studies helps to.
develop his reasoning pewers.s The
district school will soon be- thing Of
the past People can not afford to pay
a good salary to a teacher when there
areonlY ten or fifteen pupils, Graded
central schools will be much better.
Mr.. LOCKER is in favor of uniting three
or four small schools and hiring q good
teacher.
There were several other questions
which were thoroughly discussed
After singing by the club, we adj
journed to meet with Mr.. and Mrs J.
Houghton, Jr July is, at o'clock p.
M, sharp Following is the program:
Singing; Association topic, H. Purdy;
paper, Mrs. Lester Smith; song, Mr.. and
Mrs +. M. Clements; talk on orchards
and small fruits and how to grow them,
s. 7. Headley; select reading, Mrs. F.
Clements; song. Mrs. F.sWarren; paper,
Mrs. D. Holly; experience of farmers
wife. Mrs. y !, Berry. =
The Owosso times. (Owosso, Mich.) 1897-1926, 1903-06-26
Local News.

r. f. Dudley's.
J. w. Hubbard has closed his cream
cry at Flushing.
JOSEF h Rundell is in the employ o.
the Vigor,O Company.
Fred Kaiser has opened blacksmith
shop on West Main street.
Mrs. Herbert Gillard, corner Stins on
and Ward streets, is sick.
John Oliver and family are at Den
ton for fortnight's stay.
jackson Fairman is driving hack fol
the Union Transfer Company.
Miss Florence Corey has returned
from Little Rock, Ark, and will remain
here.
Miss Lizzie Bluth, of the Wildermuth
House. has gone to Chicago for two
weeks outing.
Miss Eta Brazier. Port Dover, Ont,
Is guest of miss Kate Smith, north
Washington street.
John Babcock had two fingers injured
on saw at Owosso Manufacturing
Company, recently
Mervin p. Hunt, of this city, is now
employed in the auditors Office of a
street car line at Albion.
E. H, Cherry, who recently returned
from New Mexico, has moved his family
into house on north Washington
street
William Lawrence, Corunna Ave-,
crushed his right hand very severely,
last week, while at his work at the Ann
Arbor shops.
Harry Hanes will be home from Chi
cago next week for visit. He attended
the commencement exercises at Ypsi-
lanti this week.
Miss Sinnott, of County Wexford,
Ireland, has come to this country to live
with her brothers, Patrick, James and
William Sinnott
In Bunting q Miller's store new
plate glass, 96x139 inches has been
a,aced Nv the Owosso Paint a. Wall
panar C,omnanv
b G. ii. Cossitt was in Detroit, Tuesday
attending the meeting of the State
water works superintendents, Going
from there to New Jersey to visit his
son. 's@as, J.
Wal, lee. the he Chinese laundrvman,
has secured phonograph with Chinese
records, and has been furnishing much
amusement for himself and a large
crowd of visitors byF Fl; playing IL all this
' well. M n ss.
\ 1ohn panl too,s & wb lta,,px rom an. IS
500 10 +ba . $500 . IS, "
was tried tuesday, in Justice Walsh's
court. He proved that he. did not
know what he was doing being very
drunk and was released
= Pest ,,,,, ! ~ e,,.o !, "a,
s,a,,, ~ oa,ossa r1;nh 1891 ,s SS ,,s,a,,
sa,,';ns, - ~ 80 s@,antra, schoal 4 ~ c. 8
AFRO driving to and fro the seven and
one, half miles each way 13uripp that
time he covered IL 200 miles. Z : 3 Z. IS
8. 81. ~, III, !. !, s'i Is, "a + Il,
~ : ns' :. q ~, ri ~ iel' ! -. q
10y .os - .,' s'on wrele ne WIZ y
's~ !. ~ ,''Y. - ls''s : :,1'u fs,'s
= srr; = ,,,als .,aass, ,se;4,, Z
y
The Owosso times. (Owosso, Mich.) 1897-1926, 1903-06-26

Il
book keeper for d. R. Salisbury.
Elizabeth, daughter of DR.. and Mrs
w. E. Ward, is visiting in Laingsbprg
Miss Maude Yates, trimmer for Mrs
George Sprinkle, has gone home to DE
troit.
Frank Cooper, who teaches at Aurora
III, is at his home near this city for th'
summer.
The Shepherd Reds and an OwossC
base ball team play at Corunna this
afternoon. =
Mrs j. w. Simmons was able to be
out driving Thursday, the first since hei
long illness.
Joseph Saville and George Jakeway
have gone to Elkhart, Ind, to work in a
carriage factory.
Miss Wrigley, who teaches school at
Petoskey, is guest of her sister, Mrs.
J. w. Dingwall
A daughter was born to Mr.. and Mrs.
William Thompson, Mapleavenue, the
first of the week.
j. E. Waters, of Chicago, has arrived
in the city and opened the gallery for
merly run by j. w Payne. .,
Ann Arbor engine No. 40, recently
damaged by wreck on the south end,
is of Owosso shops, fully repaired.
Mr.. and Mrs. E. A. Borne, of Birm-
ingham, Ohio, are guests of Mr.. and
Mrs. Charles Lawrence, East Exchange
street.
w. Parker, of Eagle River, Wis,
student of Harvard University, is a
guest of Col. and Mrs. Dawes, north
Hickory street, few days.
Fred Truesdall jumped a board bill at
Mrs. Albert Fishers restaurant, West
Main street. recently. He was arrested
at Pontiac and Justice Walsh made him
pay SAT fine and costs.
Frank Shook, of Grand Rapids, one
of the two men arrested for stealing a
conner wash boiler and sentenced TO 90
days in the county Jail, sold, his horse,
paid his $50 fine and has been released.
The report has gone forth that only
members of the labor unions will be ad-
mitted to .McCurdy Park, Corunna, July
4. The piece of ground is public park,
and is at all times free to every BODY
No one can hire il
The Presbyterian Society. of Corun.
ma, selebrated the Goth anniversary Of
its fotindingr last Sunday Not one Of
the original members is living, The
oldest commitment Mrs s. III Ford :
mother Of Mrs !. MA. Parker. who, :
Joined the church in 1854. s *.
h;af ~ IS 5oi;..a AZ ,. "a - fs $500
~ IA ~ ~ NJ pa,la IA ~ e. ~ = 3
Flora sharp. and Mrs. (seorae Brown .
rhe differentiated not guilty. And Win
IS examined Jnlvs: thes6ther two two
pleaded guilty. and .Daid fines Other
arrests Of those who, hang about disrep.
,rtai,le saloons viii Soon be made
n 49,, ], ~, ~. ,sna.to,.
49,, 80 ~ s,,.,,;s,, srs, 49, .
s,,;1, y, ~, - t,,;s IA
~ < j., do,as c6,,,nands: All va+ara,,s
r. tbe ,snan;sh "a p,er;can or Pb;linn;nes
po,to R;co q, ff,,,,,l,, arc al;g;b1ag ~
ne,nbersl,; Z ana are invited 10 he {,res.
The Owosso times. (Owosso, Mich.) 1897-1926, 1903-06-26

William, son of Mr.. and Mrs. E. l..
Deyereaux, is at Petoskey for the sum-
mer.
Evening star., 1903-07-04
A Henry George Fallacy.

once escorted Henry George through the
subtreasury, and the noted philosopher OF
the single tax. pointing to the piles of bags
of silver stored in the great vault. remark
ed: What a waste! Why take the trouble
to dig that silver out of the mines to store
Evening star., 1903-07-04

has resulted in such an appeal for RAPID
transit from people in the affected area
that there Is a likelihood of the kaiser
moving his observatory to some isolated
spot. Even New Zealand has suffered a
clash between magneticians and trolley
road magnates. The Canadians have had
to move their magnetic station away from
the electric cars and their stray currents.
Indeed. our naval observatory, after ar
ranging a magnetic station at Washington
some years back had to abandon it entirely
and surrender to the necessities of rapid
transit.
The Practical Benefit.
The great practical work to be accom-
plished by our new stations will directly
benefit all travellers at sea, our navy and
the many landowners in danger of ltiga-
ton resulting from the constant but grad
ual variation of the surveyors compass. A
great ma agnetic survey of the United States,
of it's inSular possessions and of the oceans
lying between and adjacent will be made.
Both land and water will be mapped out in
charts showing the declination of the COM
ocean travel is normally most treacherous,
are seats of greater magnetic disturbances,
as a general rule, than mid-oceOn or inland
regions. Along our Alaskan coast centers
of intense magnetic fiuctuatiOn are being
discovered. Another set of charts will show
the magnetic intensity at all points.
Compared with the enormous saving OF
costly law suits, over property boundaries
based on the ever-changing compass needle.
the expense of the new system of stations
will be meager. AS these observatories are
federal government establishments their
determine tiOnS of magnetic changes will
have a final standing in our courts. The
new group of stations. therefore, might be
rightfully called our supreme court of ter
restrial magnetism.
JOHN ELFRETH WATKINS. JR.
Evening star., 1903-07-04

borrowed. Now this transaction in trade,
which is SO ordinary that it has become
commonplace of business familiar to all,
is exactly the system by which Wall street
carries on it's transactions in stocks. The
great bulk Of these transactions are the
result of similar use of credit.
Stock Speculation.
The trader or merchant In stocks. like
the merchant or trader in merchandise,
must have his cash capital. which, in the
language of Wall street, is called his mar
gin" If he has $4,000 he may buy out
right just $4,000 worth of stock, but If he
wishes to enlarge his operations he can
put up his $4,000 margin and buy in
100000 of stock. borrowing from his bro
ker the extra $4,000 needed, until he can
effect a sale when, of course, he pays back
the loan. Now that is what is called spec
ulation;" but 1t will be observed that in
form and substance 1t Is exactly the same
as the mercantile transaction which is de-
scribed as trade There is no essential
difference in the two operations, and it is
difficult to see how one can be denounced
as wicked and dangerous and the other
commended as legitimate and beneicent.
If all business were restricted to an actual
Evening star., 1903-07-04
Old Girl Graduates.

From the Boston Transcript
If the likenesses of girl graduates which
now make an attractive feature of many
newspapers are true to the life, and un-
doubtedly they in most cases, doesn't ii
seem that those leaving the high schools
have a remarkably mature look? In some
instances they look to be quite twenty-five
years of age and knowing and wise as
girls who really have seen that number OF
years are usually found to be in this sophis-
ticated age. 1t seems rather curious, too,
that such young girls should look so fin
ished," but 1T is probably just an evening
up of things in their respective families,
as their mothers and grandmothers are un-
doubtedly engaged in taking beauty-and-
youth-renewing cures with years from hvc
to twenty-five taken from their ages. We
will record 1t as the result Of an effort OF
nature to square accounts.
Evening star., 1903-07-04
A DOUBLE CELEBRATION.
Washingtonians Ready to Take Part
in the Festivities.

Special Correspondence of The Evening Star
ASBURY PARK. N. j.. July 8, 1903.
The biggest Fourth of July celebra ton
In the history of Asbury Park is anticipated
and for 1t the crowd here is considera blv
the heaviest the resort has ever seen SO
early In the seasonal crowd which has all
but filled the large hotels as we'll as the
several hundred boarding houses Indepen-
dence day and the completion of the new
beach esplanade will be celebrated in con-
Juncton-the boardwalk which the city has
for years had in its minds eye, but which
1t couldn't see embodied in wood and iron
until 1t could persuade Founder James
A. Bradley to sell out the ocean front. In
honor OF the day with its double signifi-
canoe Governor Murphy will preside at the
jolliication in the beach auditorium. where
the Grafton will be delivered by Judge +
Franklin Fort of New Jersey. Before the
Grafton there will be a procession up and
down the mile-long straightaway in which
the city fathers. 1000 members of local or
CARNATIONS. summer visitors the Ocean
Grove summer chorus of 300 and the Ocean
Grove Rough Riders will be led by the
beach band. The days merrymakine will
end with an elaborate display of fireworks
from the fishing pier, and special dress hops
at all the hotels.
At the Coleman House Proprietor Frank
b. Conover will tender his guests tomor-
row an especially elaborate dinner at which
the menu cards will be in colors and at which
frecracker bonbon boxes will be distributed
as souvenirs In the evening the Cole
mans Fourth of July dress ball will take
place In the Casino. which has been hand
somely decorated in national colors
Special Independence day hops will also
be rendered by the Hotel Brunswick, the
West End. the Lafayette and the Hotel CO.
lumbia. all of which hotels are entertaining
the largest July crowd in their history
Euchre promises to maintain its old time
popularity at this resort this year. At the
Wellington Monday evening a large and
enthusiastic party contested for pretty
prizes.
Among the guests at the Albemarle are
Mr.. and Mrs Dennis E. Burton of Wash
ington.
John Buckley of Washington is sojourn-
ing at the ST. James
Washington is represented at the Bruns-
wick by Mr.. and Mrs. D. G. Young, Miss
Mildred Young and Mr.. and Mrs e. B.
White.
L. M Booream of Washington is a guest
at the Colonial.
The Bradley Beach House is entertaining
Mrs Stiles and her daughter of WASH
ington.
The Colunbia's register bears the sigma
lures of Mr.. and Mrs. John c. Fay, Miss
Lillian Fay and Master Julius Fay of Wash
ington. who will spend the season here.
Evening star., 1903-07-04
The Other Side.

Climbing the mountains shaggy crest,
] wondered much what sight would greet
My eager gaze whene'er my feet
Upon the topmost height would rest.
The other side was all unknown;
But, as slowly toiled along.
Sweeter to me than any song
My dream Of visions to be shown
Meanwhile the mountain shrubs distilled
Their sweetness all along my way,
And the delicious summer day
Ny heart with rapture Overflled.
At length the topmost height was gainedI
The other side was full in view
My dreams-not one of them was true
But better far had attained.
For far and wide on either hand
There stretched valley broad and fair,
With greenness flashing everywhere.
A pleasant, smiling, homelike land.
Who knows, thought but so twill prove
Upon that mountain-top Of death,
Where we shall draw diviner BREATH
And see the long lost friends love.
1t may not be as we have dreamed
Not half SO awful, strange and grand;
quiet peaceful, homelike land,
Better than in our visions cleaned.
But now along our upward way
What beauties lurk what splendors glow!
Whatever shall be- this we know
Is better than our lips can say.
JOHN WHITE CHADWICK.
Evening star., 1903-07-04

cash basis the volume would be so reduced
as to produce the direst disaster and suf-
ferfng to the country. Let us look a little
more closely into this relationship between
the stock market and the money market.
The speculator n stocks deposits mar
gin of 10 per cent with his broker, who
buys the stocks, paying for them in full
This he IL able to do partly by means OF
his own capital, but mostly by means Of
loans obtained from the bank, the stocks
purchased being deposited as security TOR
gin from the broker Of 20 per cent-that is
to say, It viii only loan an amount thxt ID
20 per cent less than the market value OF
the securities deposited a. collateral Now,
bought at par, or 9100 share. aggregat1ng
100000. the share of the purchaser, tbs
Evening star., 1903-07-04
other thing Of value. Now the money mar
ket facilitated thaae exchanges.

other thing Of value. Now the money mar
ket facilitates these exchanges.
For instance It enables the farmer OF
Nebraska to sell his corn in Chicago ana
goods to the farmer in Nebraska Here
has been an exchange OF food for clothing,
though tho farmer and the merchant have
not come into personal contact. The ex-
change has been made possible, in a way,
by the invention Of money. which has es-
tablished a standard or measure of value,
SO that 1t is possible for SO many bushels
of corn to be exchanged on an equitable
basis for SO many yards of cloth. But
here again there has been another snort
cut and elimination Of time and waste.
It was discovered to be too burdensome
that there should be an actual payment OF
money in every such exchange. Commerce
would be impossible on any large scale II a
shipment of gold had to be made in every
possible If legal tenders had to be shipped
in every transaction. So by natural
evolution new currency system was
evolved. Checks and drafts on banks took
the place of money in domestic transac-
tions, and bills of exchange In foreign COM
merce, and no better system could have
been evolved for the conduct of business.
Now the total of checks and bills is al
ways greater than the volume of money
and the excess represents the volume OF
ways greater than the volume OF money,
and vastly expands the volume of business
AS Daniel Webster said: Commerce could
not exist without it, as it is the vital air
of the whole system.
The money market, as has already been
said concerns itself in the purchase and
sale of credits. Wherever there is bank
there is a money market. but Wall street
is the greatest money market of the west
ern hemisphere, and. with the exception of
London, the greatest in the world.
The Stock Market.
I have said there is the most intimate
association between the money market and
the stock market. That follows as mat
ter of course. The purchase and sale of
stocks is carried on by means of credit
the same as all other branches of busf-
ness. A merchant always does business
in excess of his cash capital This is be-
cause he is able to borrow from the banks
the money-or, to use a better phrase, to
buy the credit-required to conduct his
business. With a cash capital Of say,
$1,000. he may perhaps carry a line of
goods worth 100000, until he can make 4
sale of the goods. when he will be able
to return to the bank the money he has
Evening star., 1903-07-04
Glad to See the Sun.
Special Correspondence of The Evening Star.

Special Correspondence OF The Evening Star.
SEA, N j., July 8, 1903
In high spirits the summer throng at this
picturesque resort, both the ocean and
beautiful Shark river. greeted the return
Of sunshine and proceeded to vary indoor
pastimes-hops. euchre parties-with bath
ing parties, trolley rides, automobile ex-
cursions. While the resort will not cele-
brate the Fourth by any special outdoor
features the hops at the Avon Inn Buck
ingham and Oxford will be notably bril-
liant. For the events the bali rooms have
been elaborately decorated with bunting.
Evening star., 1903-07-04
Little willie-"say. pa. what is a contin-

Little willie-''say, pa. what is a contin-
gent feer'
yer's conditional fee II he brings a suit
for a client and loses he gets nothing, II
he wins the client gets nothing."-Chicago
News.
Mrs. Knicker-'Ts Mrs Jones o well-in-
formed womanr'
Mrs. Bocker-'sYes indeed; her cook has
lived with all the other families In the
neighborhood."-Ha Baaaf.
Evening star., 1903-07-04
TWO GREAT MARKETS
Dealing in Money and Stocks
in Wall Street.
BUYING ON 4 MARGIN
FUNCTION OF CREDIT IN THE
WORLD OF BUSINESS.
Important Work Of Banks Interest
Rates and Speculation
Call Loans.
BUYING ON a MARGIN

Written for The Evening Star by Serene S. Pratt,
Associate Editor Wan Street Journal.
Wall street is divided into two great divi-
sions-the money market and the stock
market. Both. however, are SO closely al
lied that 1t is difficult to indicate closely
where one ends and the other begins. or
these two divisions the money market is
the more important, because it touches the
business of the country on all sides-agri-
cultural, industrial, mercantile and specu>
lative.
The money market is really market for
the sale of credit. There is a great deal OF
money in Wall street, but nearly all of it is
stored away in vaults, where it serves as
reserves against credit There is very little
in circulation
Evening star., 1903-07-04
Distinction in Dress.


We have learned to appreciate clothes
that become us, and it is for this reason
that radical ventures in sartorial fields are
over prominent. When a man adopts
clothing. hats, shoes or haberdashery which
becomes him, and to which he has become
accustomed, he displays very poor taste IL
he drops them to take up some fieeting
fad of the day. There is nothing more RI
diculous than middle-aged men in short
military jackets and very high collars nor
is there anything more ridiculous than the
tender youth who creates his own fashions
and forces his peculiar ideas on a long
suffering public. Dress must be studied,
good taste must never be offended. Color /
is dangerous, yet, If handled properly, Is
the most valuable attribute of slightly
and smart get up Distinction in dress Is
easily preserved, and If the man of good
taste is not swayed in his judgment he
naturally finds little difficulty in avoiding
the pitfalls which destroy 1t.
The latitude permitted in the selection OF
summer attire is due to the various and
the diverse life that the country and the
seashore affords. In our climate we can
rot preserve the formal and the exacting
standards that do not exact physical dis
comforts in colder weather. The skirted
coats and the high hat, the patent leather
shoes and the stif bosom shirt can never
displace the soft and easy garb that tho
Americans have designed and adopted, and
which, after all, is best suited to our life,
our climate and our environments.