davidaulloa/AmericanStories huggingface dataset:
The Paducah sun. [volume] (Paducah, Ky.) 1898-1906, 1903-08-28
THE REX MFG. 90.

In the editorial columns of The Sun
reference was made yesterday to the
proposition made to the people of Pa
ducsh by the Rex Mfg. Co., looking
to the establishment here of frame
factory. 1t was enormously stated
that the above company desire to place
$50, 900 of stock here, while the fact
is that the company is only asking
our people to purchase $50, 200 first
mortgage bonds. This is a most fair
proposition and should be accepted.
Paducah needs more factories and here
is an opportunity to get . gooe one by
an investment in bonds which are of
themselves safe and good invest
ment
The Paducah sun. [volume] (Paducah, Ky.) 1898-1906, 1903-08-28

that the public may not know what
protests are fled against the paroling
Of criminals. Ex-convicts charge that
protests are sometimes cooked up"
in order that fees may be demanded
by unscrupulous persons to have them
Withdrawn. But the public cannot
see these protests in order that the
facts may be investigated. The whole
board il political graft that has no
good ecxuse for existence, and for
which the state is paying through the
nose.
In Superintendent McChesney's
Office of public instruction the expend-
itures during the Beckham admins
trstion have surpassed, even in the
short term, those of the Bradley adj
ministration of four years by pearlv
ss, 900. Yet the school per capita has
decreased, schools have been discour-
aged, ana the whole system neglected.
Under a strict business admin istra-
toin of the state revenues these things
could not happen. If Colonel Belknap
is elected they won't happen. Colo
mel Belknap is a strict administrator,
q trained business man, who takes care
Of his own money, aid will take care
of the public money. He is called
IAN icicle' and "cold proposition, "
but the Democrats will not charge
that he keeps warm by burning tax
payers money.
Give the state a chance for Belknap
aud Business.
The Paducah sun. [volume] (Paducah, Ky.) 1898-1906, 1903-08-28

cans ~ some Of them ask. II vould
be just as sensible to ask them what
business it is Of the Democrats what
the Republicans do, yet when do the
Democrats or the Democratic papers
ever miss an opportunity to rap the
Republicans? We feel truly sorry for
our Democratic friends because of the
mess they have gotten themselves into
in Psducah, but we just have to take
a shot at them occasionally. Ais
fair in politics, you know.
The Paducah sun. [volume] (Paducah, Ky.) 1898-1906, 1903-08-28

King Peter, of Servia, has found
thst protecting regicides is dangerous
to o ruler, and has just found it neces.
sary to have executed several army
officers who plotted to murder the
king and queen recently assassinated,
and that accomplished, set about treat
ing King Peter likewise. Usually all
kings look alike to such people and
the same class to whom King Peter
vouchssfed protection because their
murderous conspiracy gave him a
throne, will eventually treat him just
as they treated his predecessors.
The Paducah sun. [volume] (Paducah, Ky.) 1898-1906, 1903-08-28
Will Herea ftcr be Furnished
With Bonds in the Company.
A New System Announced to Be
Effective Everywhere Sep
tember |.
OFFICIAL NOTICE RECEIVED

Agent J. j. Freunlich, of the Adams
Express company, today received Off
oial notice of q now system TO be in
augurated for indemnifying the COM
psny from loss through the careless
ness or dishonesty of agents and mes
sengers, effec tive September /.
The new method will be 10y insur-
ing them in bond company Of it's
own. This system has been tried by
the American Express company for
several years, and has proved an en-.
tire success. The Adams Express
company covers au enormous territory
and employs about 10000 road agents
and messengers and station agents.
All of these SCENTS are now bonded by
various indemnity companies. For
tness bonds they have TO paw at tho
rate OF 20 cents a hundred annually.
The messengers are bonded for s3, 900
each, and the station agents for $500
each.
Ii is not known under what arrange.
me nts the bonds Will be given in the
new company, but the ohsrge will no
about the same now charged. The
new bond company. while under the
control Of the Adams Express COM
pany, will be separate institution,
and will be conducted on the same
plan as an ordinary indemnity com
pany. except that Gully the employees
OF the Adams will bo admitted.
The losses on this class OF assurance
are very small comparatively and
the company expects to be able to
handle the business in such manner
that in a shor, time II can give bonds
TO its various messengers for very
small amounts.
The rate 20 be paid by the agents is
% cents on the hundred dollars.
The Paducah sun. [volume] (Paducah, Ky.) 1898-1906, 1903-08-28
FRIDAY. AUGUST 2s, 1908.
CIRCULATION STATEMENT.

DAILY AVERAGE, ana.
The average for last July was 400.
This is an increase of 400 copies.
Personally appeared before me this
day f. J. Paxton, general manager of
The Sun, who affirms that the above
statement of the circulation of The
Sun for the month of July, 1908, is true
to the best of his knowledge and belief.
PETER PURyEAR,
Notary Public McCracken County.
Aug. 3. 1903.
The Paducah sun. [volume] (Paducah, Ky.) 1898-1906, 1903-08-28

Some of our Dsmocstic friends are
an inconsistent lot. They fully appre-
ciate the opportunity the Republicans
of Paducah have to show them up, but
think ss favor they ought not do it.
"Wnat business Is IL of you Republi-
The Paducah sun. [volume] (Paducah, Ky.) 1898-1906, 1903-08-28
REPUBLICAN STATE TICKET.
Aug. 3. 1893.

For governor-Col Morris B. Bel
KNAPP of Louisville.
For Lieutenant governor-J. B. Will
holt of Boyd county.
For treasurer-John A. Black of
BarboIrville.
For auditor-George W. Welsh of
Danville.
For attorney general-Judge W. M.
Beckner of Winchester.
For secretary of state-J. @. Speight
of Graves county.
For superintendent of schools-Liv-
kingston Mccartney of Henderson.
For commissioners of agriculture
George Baker OF Muhlenberg county.
For clerk of court of appeals-J.
A. Newman of Monroe county.
The Paducah sun. [volume] (Paducah, Ky.) 1898-1906, 1903-08-28

Tom l.. Johnson olinohed his pre-
liminary victory in the Ohio Demo-
cratic convention by securing COM
plete control and securing his own
nomination for governor
The Paducah sun. [volume] (Paducah, Ky.) 1898-1906, 1903-08-28

Louisville milk men since the au-
thorities got after them, have changed
their tactics. Instead of pouring water
in the milk they pour milk in the
water,
The Paducah sun. [volume] (Paducah, Ky.) 1898-1906, 1903-08-28

1t will not be hard after the Demo
cratic primary next month to see what
the Dem ocratic party in Paducah
stands for.
The Paducah sun. [volume] (Paducah, Ky.) 1898-1906, 1903-08-28

men. Special Agent Dineon is pre-
pairing a report to go 20 the supcrin-
tendent.
The Paducah sun. [volume] (Paducah, Ky.) 1898-1906, 1903-08-28
DAILY THOUGHT.

A talent is perfected in solitude;
character in the stream Of the world
Goethe.
The Paducah sun. [volume] (Paducah, Ky.) 1898-1906, 1903-08-28
COUNTY.

For representative-Earl NJ. Hazen,
Paducah.
The Paducah sun. [volume] (Paducah, Ky.) 1898-1906, 1903-08-28
THE WEATHER.

Showers and cooler tonight, Satur-
day fair.
The Paducah sun. [volume] (Paducah, Ky.) 1898-1906, 1903-08-28

Mr.. william Keller, Of the /. O., at
was in the city today.
The Paducah sun. [volume] (Paducah, Ky.) 1898-1906, 1903-08-28

STATE COMMITTEES CoNsTITU.
TioNAL AMENDMENT:
8. q. SAvAoE. Chairman. Ashland,
GEo. O. THoxrsoE, Paducah.
". @. Noyxs. uisville.
H. q. N. LsorARD. Eddyyille.
y Jos. /. LAHDss. Hopkinsvife.
y WILBUR y. BsowDEs. Russelviil~
n wN. A. Rosrssox. Louisville.
y J. n. KNerr. Lebanon.
~ ALvAH L. Taaay Louisville.
IL RICE. p. RRNsr. Covington.
I HsSRI T. DUSoAN. Lsxingtoa.
4 @. L. BEARcr. Waco.
II HEsLY l. SroNs. Louisville.
GARRETT 8. WALL. Maysvtlls.
Z r. r. PERsr. Winchester.
Z W. l. BHowS. London.
q Pm. CLARKE. ssorstary. Louis villa
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1903-12-20

Charles T. Yerkes the well-known Chicago
capitalist who has developed the London Under
gsw IN ibs chIcaso Banker has nothing to
say concerning the Northern Securities case
or the anthracite coal strike, but he declares
that the revelations OF the ms , % high
prises everywhere terribly, and that the re-
cent exposures In the shpbuiIding case. IL there
had been large amount OF American securities
caused them 20 be all thrown overheard. This
testimony from Mr.. Yerkes is OF value because
II confirms our own idea that the reaction IN
I'm promotion and speculation than the result
OF any governmental action The reaction would
have taken place even IL there had been no
Northern Securities guit and no White House
conference In regard TO the anthracite coal
strike IL would have come as the natural
consequences Of overpromotion Of overspecua-
ton and the overconverslon OF floating capital
into fixed forms OF investment
IL is quite possible. however, that may
exaggerate the effect OF the recent exposures
Yerkes's statement that IL there had been large
English holdings OF American securities at the
time they would have been thrown overheard.
OF recent strength In the stock market has been
the large London buying or American stocks
This. IL Is true. probably represents mostly
as demonstrating that In spite OF our excesees
European confidence In the financial strength
OF the United states has not been shattered As
against the disclosures OF gross excuses IN pro-
motion and speculation. stand other develop
ments which serve 20 Increase the European
confidence I'm the stability OF business posi-
ton. Europe has been much impressed by the
turbance. 20 pay Of the Immense Indebtedness
which we owed TO foreign capitalists ~ the be-
ginning OF the year and by our ability 70
change the International position BY making
instead or the debtass Ok ops-Wal-stroso
Journal
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1903-12-20
SAFE DEPOSITS.


The following testimony OF a member Of the
New York Stock Exchange in recent lawsuit
published In the Wall-street Journal this week.
an excellent explanation of the practice OF
abort selling. as applied TO the stock market:
For reasons satisfactory 10 myself / think
Leather. which. We VIII say. is selling at II
II. You. sir Indicating a jurymanJ' buy r.
Some time before 2:l5 D. n. next day / deliver
you the stock. and you pay me the purchase price
-gIooL That ends our relations buyer and
and We have no more interest in each other. But
how did i get this stock? Very simply After
making my contract OF sale L to the loan
CROWD and say 1 want TO borrow 100 Leather
n. This is the stock deliver. Now. when YOU
turn over your stock to turn over my check
for ~. 100 70 you. This constitutes under the
rules OF the Exchange. a call loan between US
stock by rendering me my money: at any time
! have the right 70 call for my money BY tender
ing ySu your stock suppose. now. that Leather
goes ial-say 70 land want 70 take profits
you and receive my money. There Is the end OF
the transaction"
The Judge. IN his charge to the jury. said: "A
snort sale IL not gambling operation The law
the parties make a contract of purchase and sale
without intent on the part OF either TO deliver
or receive the article which Is the subject of the
Ssnd me oney rom &c the parties
nothing else was intended 20 pass. This IL a
ssere beta gamble. But where actual delivery
is made OF the goods contracted 10 be sold and
one. The testimony shows that In short sale
delivery OF the stocks sold Is made ana the pur-
chase price paid That fact establishes m as a
commercial Transaction. IL may be speculative:
10 speculative, but commercial transactions
alstiys element IN them varying mainly In de-
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1903-12-20

The Ffnancier SAYS: THE striking feature OF
the official statement Of the New York Associated
previous week. the close correspondence IN the
gain cash with the estimated increase I'm that
Item, which estimate was based upon the trace
able movements OF money during the week The
large gain of cash would seem to indicate that
the average amount brought over from the week
the receipts of gold from Europe last week, had
been fully reflected in the statement. The in
crease of cash reported in the bank return was
ST. 304 Co., OF which s., 553. 400 was specie The
Inmates called for gain Of S.93l.700 as the
result OF ali movements. The deposits increased
quirements was sl357.075 Deducting this sum
from the increase In cash leaves S. g47.525 the
gain I'm surplus reserves to SH. 025. 500 Calcu-
lated upon the basis OF deposits, less those OF
s6 500 600 public funds. the surplus Is So s2 $50
The statement showed remarkably good bal
ance, the sum OF the gain in cash, less the
decrease In loans being only s27l. 800 smaller
than the increase In deposits Loans were de-
creased 81. 153. 500. expected from the
collation. or those on stock collateral during the
week The daily average OF hank clearings was
sis7 900. against s22i coo 900 I'm the previous
week, rejecting smaller volume CT business
The cIearings on Saturday. representing the ex-
changes the previous day. were si9i S3i 500.
The statement, whole be regarded
as remarkably good one. Most likely the cash
week through the receipts OF gold from abroad.
which Is now In transit. and also through the
return OF money from the West, which last
week was important In amount. Therefore. Il
would probable that instead OF low re-
serves at the end OF the year. as was the case
good In this respect. at the close Of the current
week. Comparison Of loans shows that seven
s:,soSoeo net
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1903-12-20

market and has lifted 1t definitely away from
soa Import pint This result has also been
bills in the exchange market with the renewed
advance in the price OF cotton.
question whether the abnormal export of cotton
Tor October and November Is 10 give place to
son eofresp9nding lapse a In later months TO cot
and the exchanges OF exports for November
were mf5ed to "A value only once exceeded for
ly. in October OF 1900. when a great wheat crop
In this country conceded with a disastrous
as pessbe anaIosn Between .ha, season snd
this that gold went out in large volume from
New York in January Of 1901 notwithstanding
the unprecedented trade balance piled up in our
favor. In view Of a disposition to draw this
analogy IL is proper TO consider the special
factors which were in force in January of 1901.
MONEY SITUATION IN 1901.
1t viii be remembered that the foreign money
markets became dependent upon American
resources during the following months that one
half Of a total issue of ESQ 000, 900 Of British
consols placed with American bankers in
the following April. and there was an impor-
tant American participation during that spring
in imperial German loan and in other Ger
man and Russian loans. The expense OF the
Boer and the interruption of the Transvaal
gold supply were the principal disturbing fac
tors In the foreign money markets Of that time.
The future of our cotton exports and tie ex-
tent to which success will attend the efforts
making TO expand our foreign trade In manu-
features of iron and steel nevertheless of
prime interest in estimating the financial flu
ture
Returns Of railroad gross earnings for the first
week in December show growth in the ratio of
increase over last year compared with those of
the fourth week in November. thus contributing
to the undertone Of firmness In the stock market.
The bond market has failed to reflect any in
vestment demand in anticipation of the Janu-
airy disbursements OF funds and has been dull
and irregular.
United States bonds We're unchanged on cell
for the week
Sales and the range:
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1903-12-20

the amount held at this time a year ago
The gain IN cash of 81. 100000, which is larger
than expected does not represent even tnen tne
true condition OF the banks. which are better on
than indicated The average system does not
allow the reflection IN the statement or ali the
gold received during the week from abroad ana
81 100 in the loan account was gratifying in
the extreme, for 1t had been expected tnat tne
transfer OF loans from abroad would increase
loans We shall expect to see improvement IN
prices In the stock market next week on account
of this excellent condition OF the money market.
Professional raiding has failed TO induce hqulda-
chases of good standard stocks should be made
On all soft spots We commend 10 your at,en-
ton st. Paul, Southern Pacific and Missouri Pa
cific among the best We expect TO see nlgner
prices for Amalgamated Copper and United
States Steel preferred. Rubber Goods common Is
tipped for an advance soon.
IPorterheld & Col
NEW YORK, Dec. I-To-day's closing prices
IN the stock market compare very favorably.
with the exception Of o few cases, with the
final prices last week. and show gains ranging
from 81 to "a a share. The most conspicuous
stock in the advance is United States Steel pre-
ferred, which shows a net gain OF 81 q share.
The week has been anxious one for long
holders Of stocks, as the different steel magnates
in session. The bears tried TO innuence
prices with rumors OF disruption IN nne Pootds.
but when the official announcement was maoe
that billet prices would be sustained ana tnht
the economies inaugurated by the United states
Steel Corporation VIII De on oenen, ,n :, Sa, nre
ferred began, which carried II beyond o. Inc
rails all close the week strong. Win 5ne
to-day on rumors OF bond issue. Inc hign
prices for cotton have made big credit ABROAD
and the fact nst Of tine nrs S his
a great circulation OF money In the south. rne
bank statement was better than expected. Inc
outlook for a good bull market was never mors
encouraging.
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1903-12-20

import from Japan to America. was by no
means an innovation. In the three fiscal years
ending with June. 1901. We drew SIS. 600 900 from
the Mikado's markets. But we have had no
gold from that quarter since November, 1901,
when 1,104. 900 came
II has been generally assumed that London
really drew its credits in Japan and shipped
the gold from there in order to avoid more
shipments to US from England. This is prob
ably true; but 1t is curious fact that for
some years England itself has been sending
gold to Japan. In 1902 1T sent 81, 900 and
imported only $500. Thus far in 1903 it has
exported So. 600 gold to Japan and received
from IL $275 worth. 1t has been said that we
get gold from Japan because of our excess
of merchandise exports TO that country. This
is not true. In the last fiscal year imported
s4. 142, 900 merchandise from Japan and sent her
$40. 924. S62--New York Post.
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1903-12-20

nothing WIN not be conspicuous The bear mar
ket not only caused a heavy falling of OF com
missions, but. entailed serious losses upon
houses that were engaged In promotions, 9TH
ers that Were loaded UP with stocks not amply
protected by margins. and still others whose
clients refused to make good on their accounts.
This year everybody feels poor in the financial
district and feeling has a good deal 10 do
W. G. NICHOLAS.
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1903-12-20
PRIVATE WIRE ADVICE ON
CONDITION OF SECURITIES
Stock Market Closes Week with Much
Strength-Pressureo on Steel Inef-
fective-GOOd Buying.
IA. w. Thomson

NEW YORK, Dec. 1e.-The opening was irreg-
ular The market lacked the stimulus of Lon
don buying. but strength developed shortly
after There was some further pressure Rock
Island. Some pressure was also seen in the
Steel group. but the stock was well taken, due
to considerable investment demand for the pre-
ferred Delaware Hudson showed considerable
strength and advanced sharply the better
outlook for increased earnings owing TO the ex-
IRENE cold weather all over the country. The
check general activity in the stock market. We
believe. notwithstanding this, the market will do
better.
NEW YORK Dec. 19.-There was little of spe-
cihc interest in to-day's stock market. which
was dominated by professional traders. Even
an excellent hank statement did not furnish any
incentive to activity. The list apparently
uninfiuenced by any news Developments. and 1t
responded tardily to direct operations at any
p!ar and narrow. with only two stocks showing
any amount of activity at all. Amalgamated
S9PPer MRe Steel preferred wss active and
relatively steady around the higher level estab-
shsd for Il yesterday afternoon The granger
Arm Another drive against the Rock Island is
sues was attempted, but without any material
OF somewhat. II seems evident that there is no
direct support being extended TO that stock, and
Il is allowed 10 take care of itself The finances
OF the company are In excellent SHAPE and there
auarter. After the publication OF the bank state
nnacnt~ the coal stocks particularly the high
priced issues were notably strong. Delaware
Tackavanna & Western Delaware a Hudson
Jersey Central the Erie and Reading stocks.
m isg01 s Tasss
IA. r. Thompson Col
NEW YORK. Dec. 1s.-Our frequent references
during the week 20 evidence OF Improvement In
the monetary situation were confirmed to-day by
the publication of a most excellent bank state
ment. showing that the gain of y. coo. 900 I'm
plus reserve puts that item about H,WQ,o 9 IN e.
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1903-12-20

CHAMELEON. Ind. Dec 1.-The Amer
ican Camel Coal Company. with headQuar-
tiers in this city. Is preparing to drill for
oil and gas about three miles from here.
Four expert drillers from Butler. Pa, are
here awaiting the arrival OF carload OF
tools. The company owns and holds leases
on about 10000 acres OF land In this vicinity.
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1903-12-20

Rates on Loans and Exchange-Clear-
fngs and Balances.

INDIANAPOLIS.-Comm paper, 4d6 per
cent; time loans, sac per cent
NEW YORK.-Money on call nominal: no
loans. Time loans steady; sixty and ninety days.
6 per cent; six months, 5@5H per cent. prime
mercantile paper, per cent. Sterling exchange
easy, with actual business in bankers bills at
81. 75Q4S5 for demand and at 81 ST. 254 $3.50 for
sixty-day bills: posted raets, $4.S2 and 81 S5ik9
4S6; commercial bills. $4.S01s44S1
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1903-12-20
Specie and Merchandise Movement.

NEW YORK, Dec. 1s.-Imports Of specie this
week were $500. l34 gold and slso7s silver. Elk
ports of specie from this port for the week were
s7e1,760 silver and s110 9s2 gold. Imports of dry
goods and merchandise at this port for the week
were valued at 81, 6s4. 44S.
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1903-12-20
Indianapolis CIearings.

Saturday 1915. $50. 30: corresponding day last
year. 1929 SOB; balances sIs or 20; corresponding
day last year. s215. 420.4S.
CIearances for week. S. OS2. As: corresponding
week last year. 1893. 315. II.
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1903-12-20

NEW YORK--Bar silver. 54lkc; Mexican dol
lars, 42zc.
LONDON.-Silver bars, 25ssd an ounce.
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1903-12-20
Treasury Statement.

NEUTRALITY-SUSPICIOUS. statement Of the
treasury balances I'm the general fund exclusive
of the $3.50 900 gold reserve in the division Of
redemption. shows:
Available cash balance. .s227 076 81
Gold ACKNOWLEDGEMENTS. us 076 e25
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1903-12-20
Money Rates Abroad.

LONDON.-Money. 31zd3% per cent. discounts
3B. Consols, sS3gSSS.
PARIS.-Three per cent rentes. s7f 75c for
BERLIN.-Exchange on London. 2on 42kpf for
checks.