davidaulloa/AmericanStories huggingface dataset:
The Oskaloosa herald., 1903-04-09

= The Colfax Clipper tells it in this
homely way: competitive Reciproc-
ity," progressive republicanism," and
the Iowa idea" interpreted as being
in favor of giving the consumer more
protection than the producer" or "giv-
ing the consumer protection in pref
erence to the producer" is simply
free trade in disguise; and that brand
of reciprocity which propose to give
foreign competition with articles we
manufacture in this country is the
same breed of free trade pups.
The Oskaloosa herald., 1903-04-09

Champaign county, Ohio, has just
been compelled, after appeal to the
Supreme court of the state, to pay
$500 to the heirs Of man who was
lynched in 1899 in the court house
yard at Urbana. This decision is
based on a state law which requires
any county wherein a lynching is per-
mitted to occur to pay $4,000 to the
family of the victim. The man lynch
ed in this case was negro, and the
decision of the State court not only
affirms the constitutionality of the
law, but also guarantees the extension
of it to all persons without regard to
race, color or previous condition of
.servitude.
The Oskaloosa herald., 1903-04-09

be nothing new injected into it but
the specious claim that the tariff is re-
sponsible for the trusts, and this is
not new. The result of this next con-
test will depend altogether upon
whether men are short-sighted or far
sighted. Whether they are capable
of learning from experience so recent
that it seems impossible that any
could forget.
The Oskaloosa herald., 1903-04-09

All the churches in Ottumwa have
united for the purpose of holding are~
viVal during the entire month of May.
Let us all hope that much good will
result from the effort, for no place
needs it worse than Ottumwa.
The Oskaloosa herald., 1903-04-09

which will scoot something off some
time-and | am dry-for the mate!
Come down and see me, any time
only four weeks by sea, if you are
lucky-$175 fare!
Yours as always.
Albert w. Swain.
The Oskaloosa herald., 1903-04-09

Burlington Hawkeye: The man
who feeds the farmers hogs gets $50
a month and has board the year round.
The man who teaches the youth how
to be free and enlightened American
citizen gets 500 and boards himself as
best he can. It's not a pleasant con-
trast to contemplate.
The Oskaloosa herald., 1903-04-09

" Hon. w. B. Allison's own version
of his reciprocity views should be
taken in preference to anyone olse's
idea of the Senator's views. Senator
Allison is not given to saying one
thing to the public and confding an
other to a politician.
The Oskaloosa herald., 1903-04-09

Editor Macmillan of the North
English Record has just acquired a
son and he writes in his glee that the
youngster weighed nine pounds and
had crying pressure of about twelve
pounds to the square inch"
The Oskaloosa herald., 1903-04-09

The Waterloo Courier asserts that
"the Irishhave been the most easily
assimilated of all our immigrants and
the most facile in adapting themselves
to the customs and genius of Amer
ica.''
The Oskaloosa herald., 1903-04-09

We suggest that Carrie Nation be
selected to smash the bottle of wine
over the new battleship Kansas, !"
named after the Sunfower State.
The Oskaloosa herald., 1903-04-09

The fire losses paid in Iowa in
1901 amounted to 54h per cent Of
premiums paid. And still they keep
raising the rate.
The Oskaloosa herald., 1903-04-09

Don't for minute forget the elec-
trio trolley to Beacon, Bussey and Bux-
ton. We must have it and we will
have it.
The Oskaloosa herald., 1903-04-09

Fort Dodge can give pointers on
harmony. Its two rival brass bands
have just united into one organization.
The Oskaloosa herald., 1903-04-09

-"Greens" will soon be ripe, and
the people who like that diet will soon
be living once more.
The Oskaloosa herald., 1903-04-09

Better buy your wife rake and
have her clean up the yard little.
The Oskaloosa herald., 1903-04-09

And President Roosevelt spoke in
Minneapolis also.
The Washington times., 1903-02-12
NEW WAGE SCALE FOR
UNION MINERS ONLY

PITTSBURG. Feb. 12.-An important
feature in the interstate mining agree
ment was officially announced here yes
terday by President DOlan.
II provides for the payment OF the ad-
vance in wages TO union men only. on
April /. when # takes effect, miners
who are not members Of the United
Mine Workers will not participate in
the increase granted by the operators.
Mr.. DOlaD said this was decided in
committee. but was not announced when
the agreement was given out
The president was asked II trouble was
not likely TO occur among the unor-
ganized men. and he said the organized
men would be able 20 prevent a strike.
In the Pittsburg district there are
over 10000 miners, and OF this number
$4,000 are claimed by the United Mine
Workers Union
The Washington times., 1903-02-12
ERIE TO ISSUE TEN
MILLIONS IN BONDS
Offered to Stockholders Pro
Rata.

NEW YORK, Feb 1.-THE directors
OF the Erie Railroad yesterday voted to
authorize the issue OF SO. OOO. 900 OF 1 per
cent hfty-year gold bonds, convertible
into common stock after April /. 1905,
and before April !. 1915.
The bonds will be secured by mort
gage on other property Of the company.
and there is also the provision that sub
sequent bonds may be issued from time
to time not exceeding $4,000. 900. These
later bonds may be made convertible into
common stock at price 10 be named
when issued.
The official statement issued by J. p.
Morgan & CO. says:
The $40 900 600 OF bonds now 10 be Is
sued are TO be offered for subscription
pro rata 70 the holders of trust certin-
Gates for first and second preferred and
common stock OF the company at the
price OF S7i2 and interest An under
writing syndicate Is to take such bonds
as are not subscribed for by the trust
certificate holders.
The executive committee OF the com
pany has for some time been carefully
investigating the important needs OF the
company for additions and improve
ments 10 its property. and the proceeds
OF these 100000 OF bonds. together
with the amount OF net earnings properly
applicable to this purpose. viii be ap-
piled to meet the requirements for all
improvements at present deemed de-
sirable. the most important Of which arc
the following:
The construction Of new and modern
ferry houses at Chambers and Twenty
third Streets. the purchase OF new
ferryboats; building a new and modern
depot and ferry houses az Jersey City
and the rearrangement OF tracks and
terminals at that point; the construction
OF new line through an open cut over
Bergen Hill 50 as 10 avoid the use OF the
present tunnel for passenger trains. i'm
portant improvements at stations along
the suburban lines. and various improve
ments along the line. including construc-
tion OF second and third tracks: pro
vision OF tools and improvements for the
shops. and the purchase OF about 1000
new freight cars. fifty new passenger
coaches and 100 new locomotives"
The Washington times., 1903-02-12
REAL ESTATE TRANSFERS.

Nos 22T and 229 New Jersey Avenue
southeast-Earle r. Carley, trustee. to
John II. Barrett; original lot Il. square
6ss; 50.
nOrthwest-Jame r. Brennan to John
W. Shaw; lots 81 20 "a. square l6. $40
Nos. 9OS and $40 Twentyfifth Street
northwest-Same 10 Isabel s. Miller:
lots % and 80. square 16: $40
Corcoran Street northwest, between
Fourteenth and Fifteenth Streets
Thomas II. G.. Todd ct uN. 10 Hattie +.
LYMAN; lot GO. square 2O8. $40
First Street southeast. between ID and
Z Streets-Daniel orc. Callaghan ct al
trustees. 70 Emma J. Binnix: part lots
and Q. square 1874. $1,000.
7 Streets northwest, between Thir-
teenth and Fourteenth Streets-Wilson
C. Thompson 81 uX- 10 William l. Read;
lot 16. square 23T. $40.
Q Streets northwest. between North
Capitol and First Streets-Same TO Mary
e. Throckmorton: lot 81: square 615;
so.
Fourth Street southeast. between I.
and VI Streets-James F. Barbour, trus-
tee, 10 Frederick W. Keyworth lot s.
square south OF s25; $40.
Fourth Street southeast. between L
and " Strccts-Frederick ". Keyworth
TO Mary c. Boston. lot S. square south
OF S25: $40
CuckoIds Delight and IncIosure-B.
Frank Gebest 10 Cecilia Hayes lot 2.
block ! $500.
Mintwood-Henry c. Vance 10 Arthur
H. Giles, lot IA; SO.
Cleveland Park-Thomas f. Wagga-
man et uX 10 John Sherman. park; $40.
Prospect Street northwest between
Thirty fourth and Thirty 9Th Streets
Eliza NJ. Simms 10 Helen L. Simms. part
LOT 40 sCuare 1921: SO.
T-1Ding City-Brainard H. Warner
ct ~. 20 William G. Fastnaught. lot 8.
block 9; SO.
The Washington times., 1903-02-12

the last bank statement. In the case
of the trust companies the amounts are
those reported December 81. 1902. In
the case of banks not in the clearing
house, the amounts are those reported
70 the State banking department De
cember 4. 1902. The sums include in
some instances securities which are
carried on the books in the form of
loans.
Close Bond of Interest.
II should be noted mat between group
l and group there is a close bond OF
business interests, and they are often
classed together. There IS a tie also
between groups 4 and 3. The two in
surance companies. are. for instance.
united in the Western National Bank.
Messrs. J. p Morgan & Co. have AT
hliations with three OF the groups. viz.
that of the First National Bank. that
Of the Bank OF Commerce. and in 4
measure that OF the National City Bank.
The Standard Oil Company is Of course
closely affiliated with the National City
and the Hanover National groups. The
seventh group. the largest In number of
institutions though not I'm the amount
OF loans. is the so-calIed Morse" group.
In many respects the evolution out
lined in the foregoing figures is more
remarkable and perhaps more important
than the great evolution in Industrial
finance OF the past few years. II may
be that the high organization of credit
viii tend TO prevent panics in the time
10 come II may be that Il will have
quite the contrary result. In any event.
1t Is clear that its effect for good or
Ill upon the destinies OF those who are
accustomed to use credit in their bust
ness will be very far-reaehing.-Wall
Street Journal
The Washington times., 1903-02-12
COMMISSIONERS NOTICES.

THE DISTRICT OF COLUMBIA. Washington,
February 4, Ie03.-Notice Is hereby given that
AZ 8 O'CLOCK p NJ on TUESDAY. FEBRUARY
l.. 1908 the lease Of the FISH wharf rights and
privileges in the city Of Washington viii be
sold TN public auction Street. between
Seventh and Ninth Streets northwest, in front
% the Ash stalls Of the Center Washington
Market for the term Of one year from March 1.
1908. Terms. 800 20 be paid on the day Of
the sale. and the residue within FIVE days there
after No wharf or dock shall be deemed eli
rible. OF be selected for the said purpose, IN
less situated at some point the north side
OF the Potomac River. between Eleventh Street
east and Fourteenth Street west HENRY b. p
MCFARLAND. HENRY l. WEST. JOHN BID
DIE. Commissioners Of the District Of Co
lumbis. fc5-i0r-e ISu
The Washington times., 1903-02-12
NEW LEHIGH VALLEY
SUPERINTENDENT

NEW YORK. Feb. 2.-AnnOuncement
was made yesterday at the Offices OF the
Lehigh Valley Railroad Company that VI.
b. Cutter had been appointed general
superintendent OF the Lehigh Valley
railroad. with offices at South Bethle-
hem. Pa Mr. Cutter has heretofore
held the title Of superintendent OF trans
portation. Upon the change OF Mr. Cut
ter's title to general superintendent the
title OF superintendent of transportation
has been abolished. The appointment
was made by General Manager Wilbur.
The Washington times., 1903-02-12
U. S. MARSHAL'S SALE.
h. S. MARsHAL.s 81.


By virtue Of a writ Of feTi faCias issued out
of the clerks ofile 81 the supreme Court % the
District Of Columbia. I viii sell az public sale
for cash. IN front of the Court House door.
FRIDAY. the 18th DAY or FEBRUARY, 1905.
az II O'CLOCK 4. NJ. all the interest Of
Horace J. Gray. being undivided one-half
interest in and to the follow ing described real
estate. viz. The west 10 feet Of lot -. in
square $50; also a part Of square numbered
1859 tieru1erlv square he, Bealls addition 70
Georgetown. beginning az point the north
side Of Street. 2l6.4f feet east Of 3ist Street:
thence running northeriy along the west line
Of property conveyed by deed Lihcr 1888. folio
g.. l55 feet; thence easterly parallel with Z
street $50 feet; thence south 10 feet: thence
westerly parallel with Q street 100 feet: thence
s0utherly parallel with the aforementioned line
lis feet TO q Street. thence westerly along the
north line 81 - Street 1850 feet 10 the begin
ming. being the ground assessed 20 J0na-
than H. GRAY. as Z. SIS square feet seized and
levied upon as the interest Of the defendant,
Horace J. Gray. and sold 10 satisfy execution
No. II, f98. az Law.
AJLICk PALMER. L. ; MARSHAL
JAMES ". RADCLIFFE. Auctioncer.
v. WALTON EDW YARDS. ATTORNEY fe5. u
The Washington times., 1903-02-12
How the Green Spectator
Is FleeCed in Wall Street.
Drawn in by AlIuring Ac-
CountsOf Enormous Gains.
Playing the Market on Mar
gins-Ten Per Cent Left
With Broker to Cover
Fluctuations.

Drawn on by the alluring accounts Of
the great fortunes that come 10 the
lucky speculator. hundreds OF innocent
youths and men whose hair has grown
gray, carried away by the thought Of
enormous gains from stock transactions,
are swallowed up in the feverish swirl
OF the street each year. their savings
going to swell the accumulated wealth
OF the comparatively few fortunate ones.
Timidly at first, the unsophisticated
novice. who has become dissatisfied with
the meager salary he is capable OF earn
ing and wants to make one coup that
will place him above the sons OF want.
goes TO the pen where thousands before
him have been shOrn. His first visit 10
the brokers' Office is made possible with
a friend. who has perhaps been able 70
clear up a hundred or two a week for a
few months Then he takes a peep at
the mysteries Of change. becomes fas-
cinated by the grotesQue sight OF bIoated
coupon-clippers fighting for chance TO
buy and sell. and at last opens an &C
count.
A Fateful Moment.
It is here, at the threshold OF the
game. in which men are made or ruined
by the click Of the ticker. that the fu-
ture OF the newest lamb is determined.
II he is content with small proits. and
has the wherewithal TO stand a sudden
slump in the market. all may go well.
and his chances of ultimate success are
good. But not one in a hundred may be
included in the category Of the cautious
Spectator. The vast majority have
their heads turned completely by the
game. which has all the fascination of
roulette or faro, combined with the in
tense excitement OF the race track. and
plunge until their margin is wiped out,
and they are cast out to make room for
more profitable customers.
At first the novice IS content with a
few moments a day in the Office where
SIT men who spend their entire time
from 10 a. m. TO 3 O'Clock in the after
noon. watching the market. But this is
but a temporary arrangement, and IL
isn't many months before the novice has
become a regular-that is. he has Joined
the ranks of those who devote their en-
tire time 10 trying to beat the game.
Among these men there are two dis
tinct classes-those who speculate on
margin. and those who invest outright
and hold their stock until there IS a rise
sufficient 20 insure profitable gains. Gen
orally speaking. the successful specula-
tors are OF the latter class. But II
takes a fair capital before a man can
AFFORD TO hold block of stock for a
The Washington times., 1903-02-12
TEXTILE COMPANY WITH
FOURTEEN MILLIONS CAPITAL

TRENTON. y. J., Feb. I2.-The South
ern Textile Company. capital s14. 600, OOO
was Incorporated here yesterday to man
ufacture cotton. wool. hemp, etc. The
incorPorators are Leslie j. Montgomery
Clarence p. Moser, Thomas Couyngton.
William S. Petty and X X McLaren. all
OF Jersey City. One-haIf of the stock
IS TO be preferred, with per cent Gu
mulative dividend.
The Washington times., 1903-02-12
FINANCE and COMMERCE.!
SHEARING LAMBS WHO
VENTURE ON 'CHANGE

year or perhaps longer. aud large cap
itaI the lamb is usually without.
On a Small Capital.
But even with small capital OF.
say $1,000 or $1,000. a man can manage
to clear from 10 10 per cent II he ex-
ercises judgment and retains enough
money to keep up his margin.
In the larger Offices the margin is 10
per cent OF the value OF the stock. and
70 insure the continuation OF his name
on the firms books man must see that
this margin is always on deposit.
When the novice makes known his
desire 20 speculate. he chooses some par
ticular stock that seems good. and de
posits his 10 per cent II the par value
is 500, this means that for each share
he wishes 70 buy he must put up so.
The other 90 per cent is provided by tho
broker. who charges 6 per cent, for the
loan when the deal is closed IN addi-
ton TO this interest. one-eighth, or
$3.50. is charged for each block Of 100
shares bought and sold. and the broker
deducts these two charges from the Gus
toners deposit before closing the &C
count
AT first the speculator watches the boy
mark up the quotations. and listens to
the incessant click-clicio OF the ticket,
with the air of a girl who is watching
her first football game; he is fascinated
by the novelty of the sight. But soon he
becomes nervous. and watches the prog
ress Of the market with a feeling akin
to that OF the gambler. the future OF
whose roll depends on the turning Of a
card, and on feverish days or In times
Of panic it is astonishing 10 see the
way in which the crowd of spectators
mass in front OF the blackboard and
consume cigars and cigarettes in their
efforts 10 keep composed.
The PlunReT.
or the mass OF Spectators this holds
true: but it is on the plunger that the
most noticeable effect is produced. He
Is the man who. DESTROYS OF making large
gains. places his all at the 10 per cent
margin instead OF ordering a third OF
the number OF shares on a 80 per cent
margin. and sees in every decline the
wiping out OF the margin he cannot re-
plenish
This Is what ultimately happens to
most Of the spectators. They may con-
tinue for years. averaging gains OF s., 900
or so. 900 a year. but comparatively few.
and only those who invest with the ut
most discretion. and are backed with
capital enough TO weather a prolonged
decline. are able 10 clear UP large for
tunes. These men with a large bank
account are able to profit by the loss OF
the average trader. by buying in stock
on the decline and holding un6ll such
time as the market rallies. wien the
stock can be sold at a goodly profit In
this way stock quoted at par may be
bought in occasionally at SO or 80. or
even less. and sold at large profits when
the market goes up. II is in transac-
lions OF this kind that the greatest
profits are made, for stock bought at a
high figure can seldom be disposed of
at more than ? or 21z per cent gain.
while stock bought low is frequently
sold at profits Of from 10 20 30 per cent
after a few weeks or months.-BroolSlyn
Citizen.
The Washington times., 1903-02-12

City OF Washington. District o; Columbia -.
J. CLARENCE CORSON. Cashier OF the above
named bank, DO sOlcmnly swear that the above
statement Is true 20 the best Of my knowledge
and belief CLARENCE CORSOS. Cashier.
Subscribed and sworn to before me this nth
day OF February 1903.
d. b. WILSON, Notary Public.
COrreCt-Attest-
WILLIAM +. BARKER,
ALBERT F FOX
BENJAMIN ". CITY
JOHN 4. HAMILTON,
SAINT IL II. kAI FFMANN,
BENJAMIN r LEIGHTON,
LOUIS p. SHOEMAKER
ORREN G.. STAPLES
JOHN A SNOPE
GEORGE TRUESDEIL.
THOMAS T. WAGGAMAN
1t Directors
The Washington times., 1903-02-12

District OF Columbia. s.:
l. ). GALES MOORE, Cashier a the above
named bank do soienlnly swear that the above
statement Is true TO the best Of nv knowledge
and belief J. GALES MOORE. Cashier.
Subscribed and sworn TO before me this nth
day % February. 1903
ALFRED Is. BRIGGS Notary Public.
Correct-At-cst.
r. :. PARKER
: ". WOODWARD,
W. H. MOSES,
JNO. JOY EDISON.
j. d. WBiER,
HENRY X. WILLARD,
JOHN TAYLOR ARMS.
JOHN b. LARNER
MYRON VI. PARKER.
II. HURT.
II Directors
The Washington times., 1903-02-12
DENTISTRY.

TEETH WITHOUT PLATES: firm. comfortable,
durable. bcaut full. undcteCtahie, positively
raiulr~s. DIR. L. B. WILSON. SO 18th 81 NV
The Washington times., 1903-02-12
FINANCIAL STATEMENTS.
OF THE CONDITION

REPORT OF THE CONDITION
OF the
COLUMBIA NATIONAL BANK OF WASHING
TON
At Washington, in the District Of Columbia
NJ the clOse OF business February O. 1906
The Washington times., 1903-02-12
Seven Groups of Banks.

In the New York money market there
are now seven great groups or chains
OF banks. trust companies and insur-
ance companies. These groups in some
cases represent common ownership and
in others such an alliance OF interests
that the various institutions are con-
trolled practically under a common pol
icy. The tendency is for the large
banks 70 control by ownership several
smaller banks. and 10 be in close ALI
auce with one or more trust com
panies- The seven groups, TO which
reference has been made. may be class
ed as follows:
The Washington times., 1903-02-12
FINANCIAL STATEMENTS.
REPORT OF THE CONDITION

OF the
NATIONAL SAFE DEPOSIT. SAVINGS AND
TRUST COMPANY OF D. G..
At Washington. in the District Of Columbia
at the close Of business February 9, 1903.
The Washington times., 1903-02-12
FINANCIAL STATEMENTS.

REPORT OF THE CONDITION
OF the
CITIZENS NATIONAL BANK OF WASHING
TON CITY.
At Washington, in the District Of Columbia
AT the close OF business February 8 1893
The Washington times., 1903-02-12
THE CONCENTRATION
OF BANKING POWER
Evolutions of a Strong Financial Oligarchy-Re-
narkabIe Advance in a Single Decade.

In the past few years. there has been
in progress something in the nature Of
a consolidation Of banking interests.
This process has resulted in certain
banks and large institutions extending
control over other banks and thereby
forming groups of institutions under one
control It has also found expression
in the enlargement OF certain individual
banks as to capital and surplus.
Another form in which it's activity
has shown itself is the creation of new
trust companies and the enlarged in
terest OF trust companies in purely
banking business The effect OF these
various Developments has been uniform.
and 1t has been largely to concentrate
in few hands the direction and admin
istration OF institutions together gov
erning the disposition OF an extraordi-
nary mass Of credit
Results of a Decade.
Ten years ago there were two banks
in New York that had a capital OF So
600 600; one had a capital OF 80, 200, Goo
and one of So, 900. 0O0 The total capitali-
zation OF the siXty-four members OF the
clearing house was $50. 422, 200. Today,
there is one bank having a capital OF
$25. 900 900. and three that have CAPT
tai of $4,000. 900 each. The fifty eight
members of the clearing house have a
total capitalization of S1O9 SOL 900 Thus.
while there has been a reduction Of
six in number of banks, there has been
an increase OF $40. 229. 200 in their CAPT
tai.
But the concentration of banking is
shown in a more striking way by the
item OF outstanding loans. Ten years
ago OF the total OF loans reported by the
clearing house, 1864. $40 200, eight lead
ing banks made S16s. 664 200. or abou,
SO per cent of the whole Last
Saturday the clearing house reported
outstanding loans of 1924 .95S 500. Of
which $439. 76S. 800 were made by the six
leading bankks, or over A. per cent OF
the whole.
The Washington times., 1903-02-12

REPORT OF THE CONDITION
OF the
NATIONAL METROPOLTTAN BANK
At Washington. d. C.. az the cIoee OF business
February G. 1903
The Washington times., 1903-02-12

REPORT OF TIE CONDITION
OF the
TRADERS NATIONAL BANK.
At Washington. District q Columbia al the
close Of business February 8, 1903.
The Washington times., 1903-02-12

REPORT OF THE CONDITION
OF the
NATIONAL BANK or WASHINGTON.
At Washington, in the District Of ColuFn hia,
at the close Of business February 6, 1903
The Washington times., 1903-02-12

AOtat .---.---- - l'S7z'.'o 70
District Of Columbia, CITY Of Washington, ~
!. THOS. G. PEARSALL, Cashier Of the
above-naned bank, do solemnly swear that the
above statement Is true 20 the best Of my
knowledge and belief
TIOS. c. PEARSALL. Cashier.
Subscribed and sworn % before me this 10Th
day Of February 1903.
WILLIAM SELBY, Notary Public.
Correct-Attest.
r. :. JOHNSON,
y Il SHEA.
CCNO H RI DOLPH
DAVID MOORE,
". A IL CHURCH.
CHARLES JACOBSEN.
IL Directors.