davidaulloa/AmericanStories huggingface dataset:
The news & observer., 1903-07-30
DO NOT BELIEVE STATEMENTS.

The manipulators of the big trust stocks
are rushing into the papers trying to
bolster up the stocks by statements indi
eating that the prices ought to go soaring
up instead of falling down with dull
cold thud. The steel trust stock is a
good illustration Of this spirit. 1t claims
to be accumulating a surplus of $30000,-
COO to $35, 600 year, to have enough
money on hand to pay dividends of four
per cent for three years if no more is
earned, and to have orders on hand that
guarantee future big profits. And yet
with such statements, officially promul-
gated, the preferred stock brings only 70
to rs and the common stock drags at from
% to 20. Why is it that the people will
not buy this stock at higher prices and
The news & observer., 1903-07-30
Tobacco Puffs.

The tobacco towns of Eastern North
Carolina are opening and there is much
speculation as to what price the crop will
bring Last fall for the first time since
the trust was organized, tobacco brought
a good price until the American and I'm
perial companies got together Then it
tumbled % per cent. How Will it be this
year? That's the question everybody is
asking and nobody can yet answer The
Robesonian. of Lumberton. gives its CpIn-
ion as follows: 'Thcre are number Of
reason why we should not expect as high
prices for tobacco this year as last. BY
this we do not mean that the price will
be unprofltably low. but that it will hard
ly reach the high water mark of the past
season. Last year the competition between
the American and the Imperial Tobacco
companies was strong. As q result. both
companies loaded themselves well with to-
bacco, and in so doing drove from the
market, apparently speaking, many firms
who have heretofore done a large export
business. In consequence of this and OF
the unusually and unexpected large crop,
both of these companies have larger sup
ply of obacco on hand than has ever been
known, and at the same time a number
of purchasers who have heretofore han
died a fair part of each years crop will
not this year be in the market at all. In
other words, the greater part of this years
crop will be purchased by the American
and Imperial Tobacco companies. Such be-
ing the case it is not reasonable to sup
pose that these two large concerns, whlcit
control the prices, will be disposed. since
| they have plenty of tobacco on hand, to
push each other further on prices than is
| necessary. If there were shortage Ct
tobacco on hand, the case would be dli-
ferent However, with plenty OF tobacco
on hand, with many of the smaller deal
ers out of TIE business, with most of the
| warehouses of the markets In combination,
every indication points to the fact that
tobacco must necessarily be lower than
| last year.
The Southern Tobacco Journal prints
| the above from the Robesonlan and makes
this comment:
|Our friend should base his calculations
upon facts and present conditions 1t IS
true that the crop that is now growing
may sell lower on the markets next sea-
son. We are inclined to believe this will
be the fact but we are of the opinion that
if there is any truth in the law OF supply
and demand there is but niue 20
| justify lower prices. Ihere 10 Du. ~ &c
tobacco, comparatively speaking IN the
hands of dealers. Manufacturers, lnclud-
ing the big corporation, are not over
stocked. There was an unusually heaVy crop
last year, and the best IN quallty that
ever grew. There will not be as many
pounds produced this year by 20 TO ~ pef
cent. 1t is conceded the quality cannot
be as good So there you are.
Our market bod the first new 1oO"coo
last week that has been offered ths sea
son There was one lot OF prlminss mere
which showed very little character a"u
color that brought s3.70 per iuiiul cl,
They were pulled green ana Vi oouisc
were very poor. We are OF the opiIiloi,
that it will oay Handsomely 10 save LOU soou
primings this ,season.-Klnston rlee
The news & observer., 1903-07-30
BURKE WOMEN CUT UP A HE'LL
KETTLE.

If the people of North Carolina are de-
tcrrlined to enforce the Wa Jaw they
car do it. One of the sure ways is to serve
notice on public officers who shirk their
sworn duty that an organized fight will
be made against their denomination. Too
many officials, partly from desire to
avoid unpleasant duties, are willing to
shut their eyes to violations of the law.
If they know that such shirking of duty
will be exposed and will cause the forfeit
ure of their office their official zeal will be
quickencd.
Some spirited women of Burke county,
having no desire for notoriety but de-
termination that no ''hell kettles should
be run in defiance of law near their homes,
made a raid on a still near the Catawba
river one night last week and destroyed
it utterly. They went one night and
there were there in the party. They struck
to kill. 1t is safe to say that their neigh
borhood will not be infested again.
The men and officials in every commu-
nifty ought to do their duty and not walt
for the women to be forced to destroy
illegal ''hel kettles" but if the men Will
refuse there are many women IN North
Carolina who will follow the example OF
the Burke women and destroy the agencies
that seek to debauch their sons.
The news & observer., 1903-07-30
TIE COST OF FOLLY AND STU
PIDITY.

we i"ieis DILUTE III 'i'e'e 'o'on'i'' W 'i'e
n'''pp'io F ''7' CIV 'i'0 p0iO'
Vi oui so'o' '''i'en' 80 Wv e'0"V ~ p>' ''i''
any diiu'ioh "i'HouV 'u''ihe 'iio "o'uiU
ana ulpatrlo'ic pohey 'haV is peihs pui-
o"eu' - nv s''u 'i'' ~
he'ei W any "' "N''N
heSo' 'onO't'eu IL ',i' On" i0"'' 80 "
oFoh Niiei i'"ii 'i'iiiA'''on anu N''
WlSuoIH Due IL may NC "eh HoN anu
The news & observer., 1903-07-30

why is it that all the glowing statements
do not impress the investing public? Tue
answer is that the people know that the
organizers poured water into tpe stock
to under-write it, and that they do not
believe all the rosy statements that are
given out. Recent operations have utterly
dscredited J. Pierpont Morgan's fine
pr omises and it looks like the public quite
as fully dscredits the published state
Inents. This is true of nearly all the
trust stocks and of many railroad stocks.
too.
prominent North Carolina speculator
says: "The day of trusts is drawing to
close. People see that they are organ
lied to make something out Of nothing,
and that in most of them the stock is
manipulated for the enrichment of the
fellows on the inside. They run down the
price by this and that trick and make
fortune buying it in, and then later they
run Iiie plicc up una uHiodl upon d papllc
who put faith in their statements. All
the time it is gambling game. OF course
those that have plants that earn big
money will not go to the wall, but the
water will be squeezed out of them"
The Wall Street furry should have
been called a flood in which water poured
freely instead of a furry. There isn't
much water in furry. In the Wall
The news & observer., 1903-07-30
BUY BULL YEARLINGS,

| A Faleigh speculator, who has sounded
| all the heights and depths of bond and
stock speculation, says that the Rhamkatte
Roaster is the best authority on specula-
ton in the country. 1t will be remembered
that, upon being asked by constituent
to name the best stocks to buy, the edi-
tor of the Roaster replied: Buy bull
yearlings and swing on to their tails Any
other stock is liable to get away or to &C.
preciate. Bull yearlings will continue to
appreciate in value and Morgan and
Rockefeller cannot hammer them down.
There's a world of wisdom in this advice
more than appears on the surface. Prop
erly understood it means that, instead of
gambling in stocks and bonds of which tn,
specuator knows little, a man will be wise
to put his money in property near at
hand, about which he knows most and III
which good judgment and business sense
will bring a return in dollars. Bull year
lings, in this sense, is generic for any
a man can see direct and contror, as con-
trasted with futures, margins and like
far-off something which may be solid or
which may be elusive.
If all the money lost in futures and
in stock gambling in the city of Raleign
since Lees surrender had been invested
in cotton factories, this city would have
enough mills to spin all the cotton grown
in the Fourth Congressional district; if it
would be enough cattle to give a scare to
the beef trust; if in improving the land
the Wake farms would look like gardens
And Raleigh has not rushed the growler'
as much as some other North Carolina
towns.
Experience is a dear teacher but fools
will learn III no other" There are yours
men in almost every town where there is
ticker who are betting against the
Morgans and Rockefellers, whose fathers
lost piles betting against the Jay Cookies
and Jay Goulds. They make dollar today
and next week they will lose ten. Their
energies are diverted from business and
manufacturing The wiser men on change
see their finish, but no advice and no ex-
perience will learn spectators wisdom.
They will quit only when they 'get broke >
But, while this evil affiicts some of the lar
ger towns, it does not touch our whole life
a. in the greater cities, and most of our
young men are devoting their thought tc
business manufacturing, production, IN
stead of seeking short cut to wealth by
betting On the rise and fall of stocks.
The recent slump ought to induce all -
follow their example. Twenty years hence
the business man who has stuck close to
business and made fair profits VIII have
an hundred dollars to one dollar owned
by the man who watches the ticker
The Rhamkatte Roaster Is eternally
right. The thing to do Is to avoid stock
gambling buy bull yearlings and swing
..onto" their tails
The news & observer., 1903-07-30

Henry Clews figures that the shrinkage
in stocks within the past ten days has been
two and half billion dollars. He re-
guards it as merely cheerless dawn of
the morning after debauch of SIX years
in Wall Street. But the death knell of
combined industrials is sounding, and
there is no reason, with the atmosphere
cleared and the wreckage as warning, to
fear any greater decentralization as a result
OF the present passing furry
The news & observer., 1903-07-30

A Kansas jury has given verdict Ioi
S4OO damages to man whose nelghbol
called him "a Kansas jackass." The othel
man has appealed the case on the GROUND
that it is not slanderous to the average
man to call him after jackass who has
the advantage of a Kansas training. II
was the kansas" jackass that was the
worst part of it. Nobody would take Of
rense for instance, if called Rhamkatte
iackass, for they are of the Balaam class
intelligent, pious and useful.-Rhamkatte
Roaster.
The news & observer., 1903-07-30
Spirit of the Press.
mot AT ALL"


Biblical Recorder.
The Wadesboro Messenger and Intelli-
gencer makes the point that since by the
recorders own statement Wake Forest
and Trinity have peen enabled to survive
the competition OF the State, the one by
reason OF the large dividends from Stand
ard OIL Stock, the other by reason of the
generous gifts of the Messrs Duke, the
State must support higher education or
deliver itself into the hands of wealthy and
nefarlous institutions. Not at all The
argument is plausible But in the first
place these institutions are controlled by
churches and trustees, whose character
our contemporary will not indict. In the
second, If the State will give the Volun-
tary Principle chance, it viii obtain so
largely and .popularly that the point will
lose even tie force of plausbility.
The news & observer., 1903-07-30

Extensive preparations arc now in vogue
by the tobacco warehousemen of this city
for a big break on the opening day next
Monday. On the opening day last year a
quarter Of million pounds were sold and
it is expected that fully that much and
more will be sold here next Monday
Goldsboro Argus.
The news & observer., 1903-07-30

Mr.. Carnegie's wisdom is justified by re-
cent events. He advised against urging
employees in the steel trust to buy steel
stock. saying they would keep one eye
on their work and one eye on the ticker.
They bought at s2k and their stock has
gone down to 7312. though Schwab &
Company, assured them 1T could never go
down.
The news & observer., 1903-07-30

In an article on the negro in the Pres
byterian Standard. Rev. John w. Primrose
closes by saying: "And the misguided
whites who prate about prejudice and
bemoan the injustice shown the negroes,
especially if they be men of political prom
i.lence, are the parties really responsible
for the recent increase of crime and
lynching"
The news & observer., 1903-07-30
MAKES THE HOGS KEEP A STILL
TONGUE.
Monroe Journal.

Monroe Journal.
One of the Asheyille hotels yesterday
discharged It's negro walters and employ
ed white girls. There are several hotels
in the State that have done this. To
enter a hotel where q buXom Irish lassIe
meets you at the door and pilots you to
a seat and turns you over to another such
makes you feel just little different-down
here in North Carolina--than you do
when the same office is performed by the
regular negro servant. There's one effect
it has so far-but this may pass away
when the thing gets little more common
it makes the hogs who cuss the walters
for the fun of it keep a still tongue IL
their heads.
The news & observer., 1903-07-30

Gatesville, n. c., July "a county
teachers institute will be held in Gates
Vile the first week in August, conducted
by Prof c. w. Wilson, superintendent
of Scotland Neck Graded Schools. Liter
ary programmes have been arranged for
each night to which the public is cordial
ly invited.
The news & observer., 1903-07-30

Statistics show that lynching is decreas-
irg. In 1898 there were 200, whereas In
1902 there were only 96. So far in 1903,
with a little over half of the year gone,
there have been 50. There seems to be
more burning and more attempts al
lynchincs i'm the Northern States.
The news & observer., 1903-07-30

Joseph Hustled is busted few years
ago he sold his magnificent farm In New
York TO Rockefeller With the proceeds
he went into Wall Street speculation. Yes
terAy he went to the poor-house' Haec
fabula docet.
The news & observer., 1903-07-30
Richmond PanphySiOn

Free X-Ray examinations. Rupture and
Piles cured in two weeks. Chronic Rheu
matism, Gout Neuralgia, Dyspepsia, Ca
tarrh and Nervous Diseases IN from one
to four weeks. Cancer cured by X-Ray-
nc knife, no danger In our treatments.
An Electro-Therapeutlc Sanltarlum for
acute and chronic diseases. We have the
X-Ray, Large Static Machine, the Fensen
Light, the Minin Ray, the full Panphyslon
Outfit, Compressed Air Outfit, Electric
Massage Outfit.
INFORMATION FREE.
ut-oF-town patients furnished rooms In
our building if desired. Lady attendant.
RICHMOND PANPHYSION, Dept, 3, SIS
East Franklin street, Richmond, Va.
Phone, 1854.
The news & observer., 1903-07-30
FATUOlTS IGNORANCE.

Bryans Commoner.
The organs that pretend not to know
Judge Walter Clark are not belittling
Judge Clark-they are merely exposing
their own fatuous ignorance
The news & observer., 1903-07-30

If the Georgia Baptists must controvert
about "alen immersion they have select
ed a rather warm season Tor It, Dr.
Broughton may be relied upon to make 1t
warm for his opponents.
The news & observer., 1903-07-30

Henry Clews gives it as his opinion tina
the day of the j. Pierpont Morgans Il
over, once and for ALL He THINKS suci
financial schools "have closed for lont
vacation" So mote it be.
The news & observer., 1903-07-30
A MORNING TONIC.
(Phillins BroOks.l

Work is always tending to humility.
Work touches the keys of endless activity,
opens the infinite, and stands awe-struck
before the immensity of what there is 20
do.
The news & observer., 1903-07-30

Upon his arrival in the city today Coy
ernor Aycock said that he had ordered one
hundred tents left standing at Camp Rod
man for the use of the Confederate veter-
aus, who will hold their reunion in the
camp this week Col. w. II. Smith is on
the scene and viii make every preparation
that the old soldiers viii need.-Goldsboro
Argus.
The news & observer., 1903-07-30
OF IT.
Roanoke Chowan Times.

Judge PEBBLES is making a record on
the bench that is pleasing to his friends
He is upholding the law in manner to
give encouragement to the large majority
of the people of North Carolina who are
sick and tired of the demoralizing custom
of "suspending judgment upon payment
of costs" in cases where the good of society
demands some punishment.
The news & observer., 1903-07-30
STATE NEWS.

Mr.. Victor s. Bryant, of Durham, will
be the principal speaker at Pleasant Val
ley, S. c., on the 9Th OF August. This
will be the occasion of the unveiling of
the Shurley monument and general re-
union of the old pupils of the Pleasant
Valley Academy Other speakers are
Messrs. McDow and James A. Bell and
Capt. w. E. Ardrey, of Charlotte and
Mecklenburg county.
The news & observer., 1903-07-30

Beaufort, N. c., July 29.-Mrs. Daisy
Williams Bell has been elected principal
of Beaufort High School.
The news & observer., 1903-07-30
AND THEY SAY "PROHIBITION DOES
NOT PROHIBIT.
Charlotte News.

NOT PROHIBIT.
Charlotte News.
The usual symptoms of siding with the
saloon in a coming contest are, first, TIE
Peruna joke, that is, the intimation that
the temperance folks are such hypocrites
that they take their whiskey in patent
medicine form; second a sneering refer
ence to the Charlotte Sunday laws; third
the interview with some gambler or whis-
key-soak as to the superiority of the
open saloon to the dispensary
PEOPLE ARE SIC KAND TIRED
The Hawaiian gazette., 1903-12-08
KUMALAE GOT A HUNDRED
DOLLARS FROM THE HOUSE

Representative Jonah Kumalae drew sroo from
House Golfers addition to his regular salary representative
Two vouchers which made T. r. Mossnan
dorsed Kumaa Why the vouchers kumalae
probably has plausible explanation ready.
On June I7h T. r. Mossman voucher for dol
lars for services performed month previously the special
mittee Joint Resolution No. Jonah kuaae chairman OF
The approved endorsed
the back Jonah Kumaae Mossman waited month be-
fore getting alleged have been performed
on May 18TH 1t may have been coincidence but the hungry
money any longer absolutely necessary
cation might develop that of them received vouchers
before the work performed
Kumaae also received voucher Mossman,
the of ninety dollars This dated 23rd pur
ported to be for Services nine days for committee Public Lands
and Internal improvements Representative Kpea approved the
bill chairman of committee The record then that
money turned to Representative Kumalae.
One of Enoch Jonsons vouchers for large also bore
kumae signature the voucher but afterwards scratched
through with ink and Johnson receped for the money himself
A. Akna speaker of the first House. also did thriving bust
vouchers Aside from the money he himself given for
services nearly all of the vouchers in NJ Poepoes
endorsed him. Solomon Meheua had endorsed him three
or four vouchers, principally for small amounts
There also endorsement Frank Godfrey F. J.
Tesla for $50 The for copies of the laws Editor
Tesla by the has voucher the record which probably
explains good deal in the Independent which mysterious
of tie legislature. Tesla denounced the Repub
can bill and threatened and caoed the native
their feeble attempt county bill of their Finally
patched Tesas solicitation and finally
ordered revised Tesla did the Job He
work and learn whether Tesla also
made pretty good thing off the Republican county bill
The vouchers still the possession of District Attorney
The Hawaiian gazette., 1903-12-08
BOYD'S SALARY
IN SUPREME COURT

The Supreme Court yesterday morn
Deputy Registrar of the Land Court
against J. H. Fisher, Auditor for his
salary warrant. Attorney General
Andrews and Judge Weaver appeared
the respondent.
In the case of Hyman Bros. VS.. Sing
Warn, with w. A. Whiting, garnishee,
Judge De Bolt rendered an oral deci-
sion finding that there was no money
or property in the hands of the garni-
shee belonging to Sing Warn. He
therefore ordered the garnishee dis
charged. The property under which
the garnishee had been summoned was
fire claim award certificate for $2072,
on the claim of Tam Pong for Sing
Warn. This was left in the custody Of
the clerk, to be deposited in the Judi
ciary departments safe and not to be
withdrawn without notice being first
given to Mr.. Whiting. 1t was admit
ted that Sing Warn owed Hyman
Bros. debt of sS04.O5. An appeal was
noted by Robertson & Wilder for the
plaintiff. Stewart for defendant; Whit
ing in person.
Mary Ann Kahanamaikai pleads to
the bill in equity for foreclosure
brought against her by the Portuguese
Mutual Benefit Society of Hawaii
saying she was married on February
%. 1894. by Rev. H. H. Parker in Ho-
nolulu to Keliikoa Kepuluna Palu.
otherwise known as Kepuluna, and
Int hnr. hrtSh nr 70 no 10
party to the bill. as she Is advised.
VIM. Y. Kwai Fong has appealed
from judgment against him by District
Magistrate Dickey in favor of the ORR
entail Life Insurance Co. for s166.40 in
, n suit for delinquent stock subscrip-
ton.
Mrs. Kaumaka Walker has appealed
from Judgment in favor of Lui Shee, a
Chinese plumber, against her for $94.33
by District Magistrate Dickey.
= A general denial is filed by NJ. "
Castro tor the complaint of Manuel
Cosme.
Judge Robinson yesterday drew a
new jury to appear on Monday, Dec.
Z, as follows:F. J, Church, II. r. Moss
man, j. II. Taylor, f. ]. Turner, j. b.
Pakele, III. j. Mossman, j. Enright, c.
w. Booth, A. X, Ozawa, Edgar Hen
riques, Frank p. Mcintyre, Robert
Kamakaea, James Young, Jesse ]. Ma
kainai, r.. ]. Nahora Hipa, C, Spencer,
A. A. Montana, Thomas Koran, C. B.
Lemon, John f. Soper, H. S. Swinton,
John Paakaula, f. II. Wodehouse. ABB
raham Kekai, w. r. Campbell, J. l..
Coulson. Several of this list have
served on the grand jury this term and
others on Judge Gears trial jury.
The Hawaiian gazette., 1903-12-08
WILL ELECT new
COMMITTEES

A meeting of the Sixth Precinct Club
of the Fourth District has been called
for this evening at Republican head
quarters on Fort street. The meet
ing is for the purpose of electing a new
executive committee for the unexpired
term.
The present members OF the Sixth
Precinct Club executive committee,
Brooks, Coney, Burgess, Kruger and
Wolf, have refused to act since. at
the election OF delegates to the county
convention, they were defeated, by the
opposition ticket. Recently candi-
dates for various offices who wished to
secure endorsements from the Sixth
Precinct Club We're turned down by
the members of the executive commit
tee and advised that the old committee
was not taking any part in politics
and that application should be made
to Lorrin Andrews. president OF the
club. On that account n meeting of
the club has been called for 1880 o'clock
this evening at which II is the inten-
ton to elect new executive commit
tee.
The Hawaiian gazette., 1903-12-08
The Mosquito War.

Editor Advertiser: A few weeks ago
the tin cans We're gathered by the
proper officers. Very soon the benefit
was seen, and mosquito nets remained
undrawn.
Refreshing slumber was possible
without the confinement of nets, so
often helping the unhealthy influences
of lack of ventilation.
Only few uneasy seXipeds sang their
piercing songs about couches. But
south winds again brought their sing
ing notes about our ears, and nets We're
spread to keep them at bay,
Shall we not again gather up the
milk tins, oyster, beef or mutton cans
to be sent to their proper destination?
II seems to me continued and per-
sistent effort is due to our health and
comfort.
Up comrades and call the garbage
carts again to our aid.
Let us not nod our heads,
Or turn deaf ear to :
The singing songs of mosquitoes
That keep ours hot
And our cheeks so spotted!
Happy he who hurries
The makika ! ko
Lakou make ma Ike kai!
Honolulu. 4th Dec. 1908.