davidaulloa/AmericanStories huggingface dataset:
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1903-10-19

A few DAYS later. Schwab and Nixon
and Dresser met in the office Of Mr..
Morgan. The really fine work began at
this point. nixon and Dresser We're given
am agreement To sign that stipulated they
were TO buy $3.50 shares of the Beth
lehem company for approximately $500.
~ IN c9Sh- ar, Dresser says ne objected,
urging that he bad not the cash, but Mr..
Schwab treasured him and said ne would
provide the cash as il was necessary 10
pay cash IN order TO carry out his ar
The transaction was closed at the Of
lice or MIR. Morgan. Aug. H. 1902 a VOung
m20 named Wren came in and handed
Mr. dresser ana Mr.. Nixon a check for
Sl-246.Sl. Wren is Schwab's private sec
Rotary The check was made 10 the Joint
order Of Dresser and Nixon. They IN
dOrscd it and handed the check to Nor
gan q Co. Then they handed the stock
10 the lawyer OF the shiDbuilding COM
pany, and the lawyer gave Dresser and
Nixon orders or the shipbuilding COM
pany. for the $20,O090O0 worth Of stock
Wnlch was 70 go TO Schwab and Morgan-
$l5.V0O.Oo0 20 Schwab and S5.O00.O00 to Nor
gan. That closed the deal. so far as
Dresser and Nixon We're concerned.
II did not close the high finance Nor
gan and SchWab had to get their profits
= T.
Dresser sWore that when the negotia-
tons were on, Mr. SchWab told him L
would be necessary 10 market the Sl0.-
OOO.0O9 block Of stock owned by Schwab
ana Morgan before any OF the Sl0Gol.0U0
remaining stock was to be sold. This
was to reimburse Schwab and Morgan for
their iabOrs. 1t was agreed that the
stock should be put on the market at sos
q share for the preferred and So a share
Tor the common. If, as Morgan and
ScnWab expected, their stock had been
sold at these figures. Morgan would have
received S2,2je,090 for his S5,000O00 worth
and Schwab would have received S. =
600 for his s15,O00O0O worth. This was
to be the cash bonus for selling the Beth
lehem company to the Shipbuilding COM
pany. Then, if the public appetite was
unsatisfied, the holders of the SfG000,tJ0
remaining out Of the $50 10000 worth Of
stock might sell theirs.
To chnch this arrangement an agree
ment was signed between the stock brOlc-
ers, Harris q Gates, Charles NJ Schwab
and Dresser and Nixon which stipulated
expressly that the S5O0000O worth of
stock owned by Morgan and the $4,000. 900
worth owned by SChWab was 10 be sold
first at the price agreed upon sos a share
for the preferred and S25 a share for
the common. Not a share Of the other
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1903-10-19
THE JUVENILE CRIMINAL.

NJ NJ. MALLORY, superintendent OF
We the Illinois State Reformatory,
has some excellent ideas about the
treatment for inCOrrigible boys. He
made some striking statements in an
address he delivered recently in Chi
cago on the subject of reformatOry
training. The keynote Of his training
is education. Boys less than Is years
old are kept constantly at their books;
that is, except, of course, for the play
hours. Boys under 16 devote more time
to books than to anything else.
Nearly half the inmates committed
crimes when homeless said Mr.. Nal
lory. Nearly half of these had no
BONES. More than half of the
whole number had lost either father or
mother. Broken homes and broken
lives are intimately associated. If a
boy has wholesome home surround
ings he win not reach the reform
school Divorce leads to crime by
children" on the subject of Jail con-
finement Mr.. Mallory said:
The worst possible thing to do with
a boy is to put him in jail. The or
binary Jail lacks every agency to make
him better, but has many to make him
worse. Shut up in the companionship
Of men experienced in all manner Of
wickedness, the boys imprisonment
may well mark the turning point Of his
life and determine his career as p
criminal" All of this is good, sound
sense. State and municipal govern
ments are coming more every day to
recognize the fact that for youthful Of
tenders who must be confined, special
institutions should be provided.
The Illinois man believes education
is the sureh crime preventive. All the
statistics go to show that the petty Of
tenders are nearly always either en-
tirely uneducated or have only a mea-
gre start toward an education, Mr..
Mallory cites an illustration Of this in
the fact that most of the inmates Of
his reformatory have been habituaI
truants. Instead Of spending their day
hours in school they spent them on the
streets; instead of learning useful in
formation they learned habits Of idle
ness and worse.
And the boys are not always to blame
for their wrongdoing in this regard.
AS Mr.. Mallory says, broken homes and
broken lives are inevitably found to-
Eether. The surest way to break n
home is for the parents to make it
less attractive for the boys than the
streets and alleys. 1t takes only a very
little effort to furnish the boy with
home amusement and the reward IS
rich out Of all proportion to the Ia
Dor.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1903-10-19

Dresser and Nixcn didn't know. They
LhOughr 1t. might be a good idea 20 lay in
the Bethlehem company. Mr.. Schwah
Vas or the same opinion He said the
bethlehem company could be of more use
70 the shiDbuilding trust than the steel
trust. and he considered IL a friendly act
70 OtIer the Shipbuilders this opportunity.
No price was quoted or asked. Mr.
Schwab said he would have 10 see j. Il.
Morgan ABOUT mat feature, and as Mr.
Morgan was abroad II would be necessary
70 cable him. The little hy-play inn
pressed Nixon and Dresser Mr. Schwab
undoubtedly intended it should. for il is
most likely that when he took the Beth
lehem company out from MOrgan's office
70 sell he knew exactly what was wanted
Schwab had given s7.2OOOOO for the
Bethlehem company stock. He had
turned that stock over to Morgan. In
business that transaction is equivalent 10
the S.200.OO0 TO pay for the stock and
then took the stock
Next day. after Schwab had had his
memory refreshed as to how much he
was TO ask for the Bethlehem stock, he
met Nixon and Dresser. He told them ne
had paid S7.2000G0 for the stock that the
earnings We're $l,430O0O, and that the IN
terest and other charges brought the to-
tai uD 10 100000.
Dresser sWears that price appealed TO
Nixon and himself. and they agreed 10
pay it, Mr.. Schwab asked for cash.
Nixon and Dresser did not have that
of the company, which was the matter
of 100000 in advance. in lieu OF the cash.
Then came the question of the stock
bonus. Mr.. Schwab displayed the true
delicacy Of the great promoter. He said
he would leave 1t to Nixon and Dresser,
and Went out of the room for fifteen min
utes. Nixon and Dresser did some quick
figuring. Imbued with the trust building
imagination, they thought they might
spare S9.OC0,O00 worth of the preferred
stock as a bonus to Mr.. SchWab Mr..
Schwab came back He thought the SIS
100000 worth Of stock would be about
right
He grew grasDing over night, however,
and next day demanded S20,0e0 900 worth.
Nixon and Dresser agreed, after Mr..
SchWab had carefully explained that il
would be necessary for him to give 81
100000 worth Of the preferred stock and
the same amount IN the common stock 20
j. =. Morgan, or $5,O00,O00 in all Accord
ing to Dresser, neither he nor Nixon
thought to ask why this present Of $500
900 was to be made to Morgan.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1903-10-19

also left him with a large sum of
money TO pay for the stock he had
acquired
schvab went to Morgan. He ex-
planned his position. He was the own
er of the Bethlehem company. and he
was president of the steel trust. Why
not let the steel trust take over the
Bethlehem company? he asked Mr..
Morgan, who was manager of the syn
dictate OF underwriters that guaranteed
the billion-doilar steel trust bonds and
who made for the underwriters some
S2J,000.000 by that enterprise without
the expenditure OF a dOlIar-althOugh
that is immaterial. Morgan took it
over. The Bethlehem property was
added to the lists of the billion-dollar
steel company.
No public mention was made of this
fact The steel trust managers were
so apprehensive of public opinion that
they did not want the people to know
the acquisition of the Bethlehem COM
pany gave them a monopoly of the
armOr plate business The government
IS the only customer for armOr plate.
and congress does the buying. There
have been armOr plate scandals before
now. Keep it quiet said Morgan.
And il was kept quiet. Nobody knew
the steel trust owned the Bethlehem
company
Presently efforts to organize ana
finance the shIpbuiIding trust were re-
Eewed. Forays We're made to England
and France to secure capital. Pros
poets frightened. Then Mr.. Schwab
stepped out again as promoter. He
took the Bethlehem Steel company OuI
20 sell, just as a book agent takes n
hook out to sell, and ne did just as the
book agent does; he went to the people
he thought wanted to buy.
He dropped into the Lawyers club
at luncheon time one day and found
Dresser ard Nixon. the chief prOmOt-
ers of the shipbuilding trust, at table
together. Casually strolling by, NJ.
SchWab asked Nixon and Dresser If
they would like to buy the Bethlehem
Steel company. 1t was a simple bust
ness proposition for those men, used
to dealing in large figures. It only in
vOlved some IS. 0OO. 900.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1903-10-19
Scotch Tact.

New York Worldly
VIII Carleton, the pOet-aUthOr, was
speaking the other day of his last inter
view with General Grant. Il had seen
him and met him on various occasions, %
he said, but this was the first time
had ever had him TO myself for half an
hour. We talked of his famous trip
around the world and compared data
concerning places We had both visited.
Especially was he struck with AYR the
birthplace OF Burns, and with two OF
Burns nieces, the Misses Begg. two ell
derby maiden ladies who lived in a coy
cottage few miles from aud Kirk Al
loway.' L had happened TO visit them i'm
meuaIely after Grant was there and
they were naturally enthusiastic about
the great American hero. When he went
away said one of them to me- conf
denually, he kissed my sister gOOd-by'
But when 1 laughingIy repeated this to
the general he said, quietly, Z kissed
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1903-10-19
Question Of STYLE.
PhiladelphIa Ledger.l

the late Lone Star, chief of the Chey-
ennes, attended a reception not long ago
atured in the native costume of her rank.
The princess Is q Carlisle graduate, and
an unusually bright and interesting young
woman, quick to think and TO speak. Her
costume was rather conspicuous and
presently it became the subject of con-
versaiOn among the little party about
her.
DO you wear it on the streets Of New
York, princess2" inquired a man.
Not nOws" she replied. 81 did when
first came to the east but the people
laughed at me, so ] changed it to your
native style / laughed. too. at the hats
your women wore. and L thought how
delighted our wild chiefs would be if they
could have head-dresses like those
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1903-10-19
a PLUcKY CITY.

MO AMERICAN EXAMPLE Of civic
N pluck under the most discouraging
conditions stands out with greater
inspiration 20 other cities than the ex-
ample which IS afforded by the city Of
Paterson. n. J. other cities have
marked I'm their calendars single dates,
the dates when their one great calam-
ity visited them. and they pride them
selves on the courage with which the
burden was shOuldered and the work
of rebuilding carried forward, but none
can show SO black q record as Pater-
sons.
$1,000 1rind-ss. ATT nn0d-zEepL
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1903-10-19
How He wood Sleep.
Kansas CITY JournaIl

AHAeAA9c-1 NANg IDAA AAe-A-J
A story going the rounds of the police
force was told by the wife Of the patrol
man whom il concerns and consequently
bears the stamp OF truth.
The policeman in question Is on night
duty and one morning last week he went
home after work to take his fun eight
hours sleep. For two hours he tossed
about and could not more than get his
eyes shut. Finally in desperation ne
rose. dOnned his uniform and sitting IN a
chair tilted against the wall Tell sound
asleep
"And could hardly get him awake for
supper" explained his wife.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1903-10-19
Wrong Impression.

AEulLduelpnla LeQger-D
A benevOleut-loOking Quaker. in drab
clothes and brOad-brimmed hat, walked
into the lobby Of a Philadelphia hotel a
snort time ago, and was walking up to
the desk, when he stubbed his toe on an
uneven place in the flooring and meas
ured his length on the floor. A bell boy
rushed to assist him to his feet.
Boy said the old gentlmean, solemn
", does thee swear2F
oh, no sir; no, indeed" said the boy.
taking his cue from the Ouaker's pions
appearance.
UNI Too bad, too bad" said he of the
broad-brimmed hat Il would have paid
thee handsomely to have sworn for me %
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1903-10-19

second floor went up and a gruff voice
said.
Who are you2"
"A friend" said Mr.. Cleveland, meelkly.
What do you want2"
TO stay here all night
stay there. then"
And the window descended with a bang
and Mr.. Cleveland shouldering his gun
again resumed his journey YEARLY.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1903-10-19
Might stay on Perch.
GndlananoIls Sentinell

Ex-President Cleveland used TO fish and
hunt a good deal IN the BarnetEat pay
guide. SAYS that enc cold wet night Mr.
Cleveland got lost. we wandered through
the mud and rain and dark for more than
two hours. but not q thing could he see
not light, not road
Finally. however, he struck narrow
lane, and in due time house appeared
Mr.. Cleveland was cold and tired. he
thought he would go no farther. - he
banged at the door Till q window on tue
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1903-10-19
SvrnnathY.
Cincinnati Commercial 7

Cincinnati Commercial Tribune.)
please. sir" begged the tramp, Il
haven't had anything to eat since lett
my mothers door"
Neither have T." said the man with
the woman's club wife. sUrrepiuously
shuffling him a five
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1903-10-19

Unfortunately the report Of Fourth
Assistant Postmaster General Bristow
viii not be given to the public until
after it has been carefully scrutinized
Dy the president. Which means thar
Mr.. Roosevelt will probably extract the
meat and let the people have the thin
gravy.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1903-10-19

Some disturbance is being made In
Europe over the fact that King Peter
Of Servia is obliged to visit the Rus
sian and Austrian courts without his
uniform. He viii be permitted to wear
citizens clothes only. At that he's
lucky in being permitted to appear with
his head on his shoulders.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1903-10-19

II Secretary Moody has his way it
viii cost nearly s103, 100000 to run the
navy for the next fiscal year. This is
a sum sufficient to keep two or three
families from actual want, but we are
inclined to think the navy is worth all
Ii costs.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1903-10-19

The total registration in New York
City for the municipal campaign was
629. 983. As women are not allowed to
vote IN New York, this gives US an
idea Of how big that old town really is.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1903-10-19

The New York bankers passed
through Salt Lake on their way to
San Francisco IN the finest train that
ever rolled over railway iron in this
part Of the country. Well. why
shouldn't they have a fine train? Isn't
the secretary of the treasury always
willing TO help them out when they
need the money?
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1903-10-19

Now that Judge Morse has refused
Peter Mortensen a certificate Of prob
able cause, it will be in order for the
defendant to take another appeal. So
in about two years more we may rea-
sonaBly hope that within five years
from that date Mortensen's last appeal
win have been passed upon.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1903-10-19

Plain Statement Made
Trust Co. the Republic u
Steel Corporation Secretly Competitor
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1903-10-19

Turkey has decided to make an ex-
hibit az the st. Louis exposition. 1t
Is hardly necessary to explain that it
win not contain any great number OF
receiDted bills.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1903-10-19

It was thought on both sides THAI
the deal would go through. Stil. the
owners OF the bethlehem company are
business men, and they cast about for
a better price. A letter, entirely nom
cOmmittal. but informing him that the
company might sell. was sent to Mr.
Schwab, president of the steel truss
and competitor to the Bethlehem COM
pany. Schwab saw a chance to turn
an honest penny. He promptly bid $2A
q share for the Bethlehem cOmpany's
stock, and his offer was accepted.
There were 299.910 shares OF Bethlehem
stock. 0r- Schwab's increase of $3.50 a
share made a tidy sum, and the di-
Iectors Of the Bethlehem company were
well pleased. The Kuhn LOeb-MOTton
Trust company syndicate protested
vigorously. but were told it was bust
ness" and finally decided to let the
matter drOa.
Things were not going well with the
shipbulding trust. mr.. SchWab. hay
ing turned promoter had decided to
sell his Bethlehem company TO the
shipbuIding promoters, but soon dis
covered that the time was not propl-
ti0us. This left him in the position OF
owning a great steel company that
was a competitor to the steel combin-
alton Of which he was president 1t
The farmer and mechanic. [volume] (Raleigh, N.C.) 18??-19??, 1903-09-22
Mr. Ashley the Cotton Situation Rural School Libraries North

Mr.. Clarence II. Poe of Raleigh editor
Of The Progressive Farmer, has the fol
lowing in the September Review of Ee-
views:
Just now, when the princely donations
Cf Mr. Andrew Carnegie have given a new
stimulus to library building in American
cities, it may be we'll to urn our eyes To
the other hall, the rural alf,-of our
population, for although, until quite re
Gently, no cne thought Of the pubic Il
brary as possible rural institution, 1t
has now made an auspIcious entry into
this new field, and is destined to play an
important part among the twentieth-cen-
tury forces,-rural mail delivery, gocG
roads, rural telephones, etc.,-that make
for the uplift of American country life.
The need of the rural library must be
apparent to all who are familiar with
country school methods. Reading is the
magic key 70 all our storehouses Of intel
lectual wealth; it IS the basis Of all edu-
cation. The true university Of these
days" says Carlyle, is a collection OF
books" And it is here, of all points III
Its curriculum that the country school
has failed most grievously.-it has net
taught the child to read, to use books
Do not understand me to charge that the
rural school is literally and avowedly dis
loyal to the first Of the immortal three
r :, for it is not. But only in the mar
rowest sense does it teach reading-read-
ing as the mere pronunciation of words
The farmer and mechanic. [volume] (Raleigh, N.C.) 18??-19??, 1903-09-22

grade tobacco. The Secretary showed
that in various ways this country is pro
ducing at home things which we have
been importing at cost Of 5000 000 600
Continuing. he said: Not many of
the grasses, grains and legumes that
make up our food crops for men and ami
lnals are indigenous to the United
States. We find 1t necessary not only to
look over the world for what we get, IN
addition to those we have for our sever
al atitudes and soil and climatic condi-
tions, but we find 1t necessary to Gre
ate new varieties to meet existing condi-
tions and demands. We are hybridiZlng
grains, cotton and other plants to meet
soil and climatic conditions and the de
mands of commerce. You do not grow
cotton IN New England, but You manu-
facture it. We produce large part Of
the raw material of the world along
these lines but other nations are max
ing strenuous efforts to become lndepend-
ent of Us. The present corner in cotton
IN the United States IS doing infinite mis-
The farmer and mechanic. [volume] (Raleigh, N.C.) 18??-19??, 1903-09-22

ture is addressing itself. Six years ago
we produced from the beet 10000 tons
of sugar. Last year we produced 220,-
600 tons. The irrigation laws enacted by
the last Congress will result III few
years n the production, under our own
flag of all the sugar consumed in the
United States
The Secretary cited the fact that SIX
years ago this country produced % per
cent. Of the rice consumed in it, whereas
it now raises substantially as much as IS
required for home use. Certain varieties
OF rice, especially desired by consumers,
are imported, but on the other hand the
United States exports much of the kind
that is not popular with the people It
is still necessary to import some Of the
finer grades of tobacco amounting in
value to $15, ,000 900, but we sell abroad
$50, 100000 worth of the cheapest tobacco
known. And the United States is making
such progress under the stimulus of gov
ernment encouragement that it IS rapidly
supplying the home demand for high
The farmer and mechanic. [volume] (Raleigh, N.C.) 18??-19??, 1903-09-22
PRODUCE IMPORTED CROPS AT HOME

Secretary of Agriculture Wilson, in an
address before a farmers institute at
Hampton Beach, n. H, recently pointed
out how great a saving can be obtained
by growing in America farm products
which now are imported. He said in
part:
we have been selling from American
farms in recent years $3.50 00O, 900 worth
Of products to foreign countries. This is
what has kept the balance of trade IL
our favor so steadily for the last six
years, enabling Us to pay off foSeign
debts, reduce interest and furnish the
wherewithal to bring about the great
prosperity we have lad, and are having
end will continue to have while the pres
ent conditions exist. But. very singular
ly, we have been buying about half as
much farm products from foreign fields
as we have been selling from orr own
fields. About half of our imported farm
products can be grown IN the United
States, and toward the growing of these
things here the Department OF Agrlcul-
The farmer and mechanic. [volume] (Raleigh, N.C.) 18??-19??, 1903-09-22
Winter Forage Crops.

1t Is just important TO have green
grazing for our Ike stock through the
late fall and winter months. as i i dur
ing the spring and summer. Cattle arc
always at Their best during summer be
cause the fields and pastures are well set
IN grasses. Where animals can secure
their food by grazing reduces the cost to
the lowest minimum OF expense While
we cannot have such extensive green pas
turage during the winter months, without
going to considerable extra expense. new
ertheless il is possible on every farm to
have a few acres sown in one or more
valuable small grain crops which can be
most profitably used either as cutting
and feeding or grazing.
The first question for each man 10 de
termine IS the extent Of land that he
can spare for this purpose. and the sec
ond, is the character Of crop to be select
ed for planting. There are several well
established small grains, clovers and
grasses which may be planted and de
pended upon to furnish good grazing or
cutting without any attempt at expert
mentation. These are staple crops which
have been grown successfully for many
years in the South Atlantic and Gulf
States Crops that we know but little
about, yet are highly advertised may be
planted at first only on small scales IN
order to determine their usefulness by
practical experiment without too heavy
investment.
RYE, BARLEY AND CLOVER
For September planting to get early