davidaulloa/AmericanStories huggingface dataset:
The mirror. (Stillwater, Minn.) 1894-1925, 1903-08-27
Advantage Of Educa=
ton.

A S our school opens with the next
~ month, it may not be out Of
n place at this time to say a few
words regarding the benefits
to be derived by making use of the
privilege to attend at the coming ses-
sion. Other and more able contributors
to THE MIRROR have dwelt at some
length on this subject, but it is one on
which too much can never be said.
There is one lesson we all learn and
that is, that the older we grow, the
harder it is to acquire knowledge.
There is then no time like the present.
Education is a cure for great many
evils, but what I wish to dwell on more
particularly are the benefits which ac-
crue to the laboring man from a COM
mon school education. There may be
men in this institution who are prof.
cient in some one of the various trades
and therefore feel that knowledge of
anything outside their special calling
would be of no use to them. believe
they are mistaken. Some recently COM
piled statistics of education and pro-
duction reveal the important truth
that productivity is exactly proportion
al to education, indicating the import
ance of the educated laboring man.
Employers of labor are always par
tial to the educated workman. The ad-
vantages he has over the uneducated
man are numerous. The mental train
ing which is acquired in the common
school makes him both alert and dex-
ferrous and endows him with powers of
concentration. Through his developed
powers of reasoning, he very often in
vents improvements of processes and
devices. We are living in an age OF
wonderful inventions, by all Of which
time, space and labor are reduced; but
these inventions are not the work Of
illiterate men; they have been thought
out by men who have cultivated theil
mental faculties; and where is there 9
better place than the schoolroom te
test and improve our thinking apparat
us2
| Educated workmen are usually quick
to learn the use of new machinery ant
they turn out more and better WORK
than men who lack mental training
They waste less through mistakes and
i are usually ambitious and ready *
The Savannah morning news. (Savannah, Ga.) 1900-current, 1903-02-18

Trains arrive Savannah as follows:
No. 20, daily, from New York, WASH
ngton, Richmond. and Cincinnati, $40
a. m.
No. 81. daily except Monday. from
New York and Washington, 1910 a. m.
No. 80, daily, from New York and
Washington, S:05 p. m.
No. so, daily, from all points West.
via Jesup, 1920 a. m.
No. So, daily except Sunday, from
all points West, via Jesup, ABS p. m.
No. "a, daily, from all points West.
via Jesup, 1850 p. m.
All trains arrive and depart from
the Union Depot.
THROUGH CAR SERVICE, ETC.
Trains 81 and 80, the SOUTHERN
PALM LIMITED, Superb solid Pull
man train between st. Augustine and
New York, composed of Compartment,
Observation, Library and Drawing
room Sleeping Cars. Dining Cars serve
all meals Ell route.
Train 81 connects at Jesup with the
famous CHICAGO AND FLORIDA
SPECIAL of the Southern Railway,
which carries through Pullman Draw
ing-room Sleeping Cars to Louisville,
Cincinnati, Chicago. Detroit, Cleveland
and Pittsburg.
Trains 80 and "a. NEW YORK
AND FLORIDA EXPRESS. Vesti-
buled limited trains, with Pullman
Drawing-room Sleeping Cars between
Savannah and New York. Connect at
Washington with Colonial Express for
Boston. Pullman Sleeping Cars be-
tween Charlotte and Richmond and
Charlotte and Norfolk. Dining Cars
serve all meals between Savannah and
New York.
Trains IS and "a connect at Jesup
with through Pullman Drawing room
Sleeping Cars operated from and to
Kansas City via Birmingham, and
from and to Cincinnati via Chatt1-
nooga.
Trains 20 and 80. THE WASHING
TON AND FLORIDA LIMITED.
Vestibuled limited trains, carrying
Pullman Drawing-room Sleeping Cars
between Savannah and New York.
Dining Cars serve all meals between
Savannah and Washington. Also
Pullman Drawing-room Sleeping Cars
between Savannah and Cincinnati,
through Asnevi:ie and "The Land Of
the Sky"
For Information as to rates. sched-
ules, et1., apply 10
C. H. .ACKERT. G. M, Washing
S; H. HARDw1cK. C. P. A. Wash
ington, D. C.
W II. TAYLoE. A. C. p. A.. Allan
ia. Ga.
r. c. BLATTNER. Depot Ticket
Agent. Union Depot, Savannah Ga.
e. G. THOMSON. C. P. & T. A, Sa-
vannah, Ca. al Bull street. Phones
$50.
The Savannah morning news. (Savannah, Ga.) 1900-current, 1903-02-18
STOCKS AND BONDS.

New York, Feb. 1.-THE move
ment of prices of stocks to-day was
confused and irregular and accurately
reflected in that way the state of mind
OF those who were trading. This ele-
ment was pretty closely restricted to
the room traders.
The interruption 10 the wire service
by the storm of last night was given
as one cause for the dearth of outside
orders, but business from commission
houses was at a low level from any
source. The industrials stocks had a
rather more prominent place in the
trading to-day. as they did yesterday
hut their price movement was very
spotty. The spectators who inaugu-
rated the movement in those stocks
yesterday we're inclined TO take prof
It's. This was eonspicuously evident In
The Savannah morning news. (Savannah, Ga.) 1900-current, 1903-02-18

Liverpool advices were better than ex-
pected, but our market notwithstand-
ing this opened l to ? higher and sub
seQuently eased off l to 2 on realizing.
Later in the session, the additional
improvement in Liverpool and the
hrmness of spots caused an advance
of IL to u from the bottom, making
the net gain 10 to IL points on the
day. Owing to the inclemency of the
weather, wires were working very
badly, and information and business
were consequently delayed generally.
Advices from America setting forth
the condition of affairs prevalent in
this country We're instrumental in &C.
casioning the sharp advance in Liver
pool. In anticipation that the move
ment would shrink to small proper
tons during the next ten or fifteen
days in consequence of the recent bad
weather, Mr.. Ellison on Feb. l stated
that the European spinners held in
stock, $4,000 bales more than last
year.
The New York Commercial and FL
nancial Chronicle commenting on these
figures and bringing them up to Feb.
13, states that European spinners up
to that date held 100000 bales more
stock than last year. The visible sup
ply of all kinds according to the New
Orleans Cotton Exchange on Feb. Is,
was $4,000 less than last year, and the
New York Chronicle on the same date
made the deficiency only $4,000 under
last year. Therefore, this authority not
only corroborates Ellison, but makes
European spinners hold in stock
almost the entire excess in the takings
providing that the spinners are better
supplied than for years, and that the
so called strong statistical position is
on the surface and has been brought
about by spinners stocking up heavily
and carrying this surplus in the invis-
ible supply at the expense of the wish
BILE.
Sentiment, however, continues ex-
tremely bullish and traders as a whole
expect higher prices.
The Savannah morning news. (Savannah, Ga.) 1900-current, 1903-02-18
the United states Steel stocks and In

the United States Steel stocks and In
Sugar.
The bull campaign in Analgamated
Conner was continued this morning
and that stock was lifted an addition
al ~, but the later reaction of the
market left only a small fraction of
this gain. The advance of 2ss in Ten
nessee Coal was based on the increased
earnings OF the company as disclosed
by the annual report and the expendi-
ture of these earngings on the prop
erty without any intimation of early
dividend disbursements did not seem
to detract from the favorable influence.
The points rise in Anaconda, with
reaction of IA was in sympathy with
Amalgamated. There was a notable
demand for American Locomotive late
In the day, but its advance was not
fully maintained. Metropolitan Street
Railway led a further advance in the
local fractions, which was not held.
The rather active selling movement
which developed midway OF the session
was prompted by well defined rumors
The Savannah morning news. (Savannah, Ga.) 1900-current, 1903-02-18
COTTON FUTURES.

New York, Feb. 1.-THE cotton mar
ket opened firm at an advance of 8 to
10 points and following the call eX-
hibited further strength under the un-
favorable weather in the South and
surprisingly strong Liverpool cables.
Before the opening of the local market
prices there were 2 to Az higher in
stead of net unchanged as had been
figured on our close of yesterday, and
before the close of the English mar
ket this advance had been increased to
matter of 6 to points. The firm
ness at Liverpool was attributed by
private cables to the unfaVorable
weather in the belt and to large buy
ing orders from this side, presumably
emanating from the bull clique. Com
mission house business was interfered
with to a considerable extent by the
poor wire service, and as matter of
fact very little of the demand to-day
seemed to come from outside sources,
the best buyers being brokers usually
supposed to represent various of the
interests concerned in the bull pool and
shorts who had sold yesterday on the
ground that the present advance is
above that justified by actual condi-
tions, and is therefore an affair of
manipulation. Aside from a brief set
back in the midforenoon as a result of
profit-taking the market worked stead
lily upward through the entire session.
The movement gave indication of fall
ing off as a result of the unfavorable
weather, to-morrow's estimates for
leading points falling in the aggregate
5000 bales below last years actual,
though to-day's receipts exceeded ex-
pectations amounting to 1916 bales,
against 27,673 last year.
The market was dominated by the
operations of the bull pool, however,
and closed steady, net IL to q points
higher. Sales estimated at 1000 bales.
The Savannah morning news. (Savannah, Ga.) 1900-current, 1903-02-18
NEW ORLEANS COTTON FUTURES.

New Orleans-Feb. 17.-Basing their
action upon the advance in Liverpool,
cotton factors were unit in demand
ing higher prices for their holdings.
Quotations, 1sc higher on all grades.
The contract market, in response to
the advance of 7@S points in Liverpool,
opened 2@5 points up; declined 1@3
points on profit-taking by room trad
ers, advanced COZ points on renewed
buying, again fell away 2@3 points,
and then worked up again some 364
points, thereafter f1uctuating over a
narrow range until the close, when the
board showed net gains of 9@11 points
on all positions.
New Orleans, Feb 17.-Cotton flu
lures very steady. February 9.43c.
bid; March 9.49@19 soc; April $3.50
9.55c; May 9.5S@9 .59c; June $500
9.64c; July 9.6S@9 sc; August 9.340
9.S5c; September S.69@S.7O October
s. 3O0S. 33c
The Savannah morning news. (Savannah, Ga.) 1900-current, 1903-02-18


New York, Feb. 17.-Our market
opened with sales of March at 9.50B
951Q952c and after selling at $3.50
ruled at 9.57c at l p. m.
Liverpool responded quickly to the
bad weather in the South and the prob
ability of falling off in the receipts as
a result of such weather conditions.
Arbitrage brokers bought heavily
here during the morning.
On the advance there was heavy
line of long cotton sold supplying the
demand but not causing any break in
prices. The temper of the trade in
Liverpool is extremely bullish and they
expect much higher prices unless they
can obtain a large supply in the near
future.
Estimates of receipts for tomorrow
were accepted as pointing to a con-
tinued light movement for at leasnsthe
balance of the week. Traders expect
another sharp advance in Liverpool
tomorrow.
With Liverpool buying at the close
the tone was firm at the best prices
March was freely bought in anticipation
of few deliveries on notice day. The
temper is very bullish.
The spot market was quiet, 20 points
advance.
The Savannah morning news. (Savannah, Ga.) 1900-current, 1903-02-18
FINANCIAL.
Bonds and Stocks
FOR SALE BY
JOHN w. DfCKEY.
AUGUSTA. GA


1000 Georgia Az Per Cent. Bonds, due
1915.
1900 Georgia IA Per Cent. Bonds.
10000 Augusta 4 Per Cent. Bonds. due
1888.
$1,000 Augusta AZ Per Cent. Bonds
due 1928.
5000 Augusta 5 Per Cent. Bonds. due
1921.
5000 Savannah 5 Per Cent. Bonds
due 1909.
1000 West Point, Ga, 6 Per Cent
Bonds, due 1926.
1000 West Point, Ga, Per Cent
Bonds, due 1927.
5000 Dalton. Ga, Per Cent. Ponds.
due 1918. 4
q, 900 Albany. Ca, Per Cent. Bonds
due 1912 to 1917.
4.500 Ashevil|e, N. c., s Per Cent
Bonds. due 1918.
1900 Atlanta and West Point Rail
road Co. Per Cent. DebzentlIres
1000 Georgia Railroad and Banking
Co. Per Cent. Bonds, due 1910.
5000 Georgia Railroad and Banking
Co. Per Cent. Bonds, due 1922.
5000 Central of Georgia, Mobile Divis-
ion. Fer Cent Bonds, due 1913.
1000 Central of Georgia, Chattahoo-
chez and Gulf, Per Cent. Bonds.
due 1890.
Also Georgia Railroad and Banking
Company Stock. Augusta and Savan-
nah Railroad Company Stock, South
western Railroad Company Stock, etc.
List with prices on application.
The Savannah morning news. (Savannah, Ga.) 1900-current, 1903-02-18
DRY GOODS,

New York, Feb. 1.-THE dry goods
market continues to possess an upward
tendency with a few further advances
in brown goods. The situation is sat-
isfactory from the sellers standpoint,
the only difficulty being to make de-
liveries to satisfy buyers Buying has
been freer in jobbing quarters to-day
with a larger number of retailers in
evidence despite the storm.
Manchester Feb. 17-Cloth quiet
but with little business. Yarns firm and
advancing.
The Savannah morning news. (Savannah, Ga.) 1900-current, 1903-02-18
LIVERPOOL COTTON MARKET.

Liverpool. Feb. 17-Cotton: Spot, in
fair demand; prices points higher;
American middling fair, 5.76d good
middling. 5.36d middling, 5.1Sd; low
middling, 5.06d; good ordinary, 494d;
ordinary, 4.S2d. The sales of the day
were 10000 bales, of which 1900 were
for speculation and export and included
$500 American. Receipts, 1900 bales,
including 10000 American.
Futures opened quiet and steady and
closed strong; American middling, e.
o. c.: February, 5.09d: February March
5.O9d; March-April, 5O9d; April-May.
5.10@5.11d; May-June, SID June-July,
5.12d; JulyAugust, 5.11G5.12d; August
September Sd September-October.
4.69d; October November, 453d.
n. & B. Beer Co.'s Cotton Letter.
New Orleans, La, Feb. 17.-Early
The Savannah morning news. (Savannah, Ga.) 1900-current, 1903-02-18
MONEY MARKET.

New York, Feb. 17.-Money on call
steady 2%W3 per cent. closing 2h0
&C. time money steady; sixty and
ninety days, Az per cent. six months
AZ per cent. Prime mercantile paper
~ @5Ec per cent. Sterling exchange
firm with actual business in bankers
bills at $4.S7606487. 65 for demand, and
at 81 .S4.5oQD4 S4.55 for sixty day bills
Posted rates 81 .8564 .S51a and 1880
4 SS1a. Commercial bills 81. S3% "a. S41l.
Bar silver iShc. Mexican dollars
37%c. Government bonds easy. Rail-
road bonds irregular.
The Savannah morning news. (Savannah, Ga.) 1900-current, 1903-02-18
COTTON.

Spot cotton closed firm &c. above
yesterday. with sales by factors of rs.
The receipts were 1888, against 19O6
last year. and 2,23S year before last The
ports got $4,000 against 81 1000 last year
Prices at the opening call were I'M
changed, no sales at the MONDAY call
rose 1-16c., sales rs, and at the close
advanced Lice, with no further sales.
In the f. o. b. market the demand WAS
Indifferent, with basis good middling
9 15-16G10c.
The following were the official spot
quotations at the close of the market
a t the Cotton Exchange TODAY:
The Savannah morning news. (Savannah, Ga.) 1900-current, 1903-02-18
FINANCIAL.

FOREIGN EXCHANGE - Market
weak. Commercial demand, sterling,
SASSY go days, $4.SS; 80 days. s4.SlA
French. 5.19% Swiss, so days. 5.22h;
Belgian, sci: marks. 90 days, 9i2s; 90
days. "a 3-l6.
DOMESTIC N. Y. EXCHANGE
Buy at soc per $1,000 discount.
Sell: Up to $500, l0ci SIS TO $50, 15e;
The Savannah morning news. (Savannah, Ga.) 1900-current, 1903-02-18

the - u D. Mhrket-Iurpen t1ne
Firm at 65c.-ROsins Firm-LOcaI
and TeIeGraphic Markets.
The Morning News Office.
Tuesday, Feb. II.
The cotton markets closed at sharp
advances to-day. The rise was stun
ming to the bears, and the bulls them
selves wondered what was carrying
prices upward. OF course the bull pool
is responsible for the continued boz
STEERING up of prices, for the situation
is now said to be at point where
spinners are out of the market await
ing a reaction. The trade generally
have up to the present attached some
Importance to the reaction theory and
many have anticipated a sharp re-
lapse that they might get into the
market to advantage, but these hopes
were blasted with to-day's jump
throughout the list.
On the floor of the Cotton Exchange
the situation was generally discussed,
with the opinion general that the in
terests behind the market have an OBJ
will be no stop in their course until
this is reached. Reports say that 1Oc
is the climax, while others believe that
nothing short of 10Ac. will satisfy
those in control. Very little doubt ex-
lists as to the strong statistical posi-
ton of the article, which does not
promise to be impaired by any early
developments. Interior stocks of cot
ton appear to be small from the best
obtainable information, and the cotton
now being held has been carried for
some time and will not be sold for less
than full prices. In fact, the holders
expect a. round profit above what the
crop previously marketed brought. I'm
less the movement shows a large in
crease therefore the bulls have room
to put prices upon a high place.
The turpentine market closed firm
at Csc. and resins firm, with the de-
mand for both good. Turpentine shows
no tendency at the moment to rise much
above it's present level. The absence
of any reaction is regarded as signifi-
cant in disclosing the underlying
strength of this market. Resume of
the market as follows:
The Savannah morning news. (Savannah, Ga.) 1900-current, 1903-02-18
A. q. BAXTER & CO.. INC,

successors to Murphy & Co.,
Board of Trade Building. Savannah.
Private leased wires direct to New
York, Chicago and New Orleans.
COTTON, STOCKS AND GRAIN.
New York office. No. 81 Broadway.
Ofhees in principal cities throughout
the South. Write for our market man.
ual and book containing instruction
for traders.
The Savannah morning news. (Savannah, Ga.) 1900-current, 1903-02-18
Stores Statement


Turpentine dull. 661sc.
Charleston, S. c.. Feb. 17.-Turpen-
tine firm, 64iac; sales none.
Rosin firm; A, B, c. D. E, F, $1.S5;
C, 81. 90: H. $2.S5; 1. 81 so; K, s3.15;
NJ, S8.35; n, 1855. w G, $3.50; w w,
APO.
New Orleans, Feb. 17.-I2eceipts
rosin 40S barrels; turpentine Is barrels
Wilmington, n. c., Feb. T.-Spirits
turpentine firm. Csc; receipts II casks.
Ros,n firm, 81 90; receipts 316.
Crude turpentine firm, $2.4O@4. 90;
receipts "a.
Tar firm, s1.s5; receipts 453.
The Savannah morning news. (Savannah, Ga.) 1900-current, 1903-02-18
NAVAL STORES.

Tuesday, Feb. IT,
SPIRITS-The turpentine market
opened firm at CSC, sales 126, and closed
firm and unchanged, no sales. De-
mand good. Receipts 159, and the ex-
ports none.
ROSINS-The rosin market closed
firm at the prices below, with opening
sales of LAOS The demand was good.
Receipts 1887, and the exports none.
Prices a follows:
The Savannah morning news. (Savannah, Ga.) 1900-current, 1903-02-18
COTTON FUTURES AT NEW YORK.

New York, Feb. 17.-Cotton futures
opened firm. February, nominal;
March, oslo; April, 953c; May, 9.53c
bid; June, -; July, SAC; August, 9.O9c;
September, SAFE; October, S.32c.
Futures closed very steady. Febru-
airy, 9.58c; March, 962c; April, oslo;
May, $500; June, 9.4Sc; July, 94Sc;
August, Sic; September, $500; Octo-
Der. S.3Sc.
The Savannah morning news. (Savannah, Ga.) 1900-current, 1903-02-18
SEA ISLAND COTTON.

The sea island cotton market closed
quiet, with the demand fairly good
Lows had been neglected up to the
closing days, when there was inquiry
and some trading at slight conces-
slons. The crop in sight to date now
exceeds 81. 900 bales, against $4,000 for
the corresponding time last year. The
general belief is that the season will
show crop around 100000 bales.
Prices about as follows;
The Savannah morning news. (Savannah, Ga.) 1900-current, 1903-02-18

Galveston-Firm; middling. 95s; net
receipts, 11,4S1; gross, 11,4S1; sales, L.
044 stock, 214,295. Exports-Coastwise
1913; France, 1888.
Norfolk-Firm; middling, 91a; net re-
ceipts, 1858; gross, 1888; sales, 120;
stock, 30,469. Exports-Coastwise S95.
Baltimore-Nominal; middling. 9A
gross receipts, GIL; stock, 1929.
Boston-Quiet; middling, $50; net re-
ceipts, 496; gross. 3,076.
Wilmington-Quiet; middling, ~
net receipts, 6S6; gross, 6S6; stock, H.
$50.
Philadelphia-Hol stock, 1895
Savannah-Firm; middling, 9 49,
net receipts. 1888; gross, 1915; sales,
rs; stock, 10S,5S4. Exports-Coastwise,
1,195.
New Orleans-Firm; middling, 91S
net receipts, 9,405; gross. -9,4O5; Sales,
$500; stock 1856, lis. Exports-Great
Britain, 2,61S; coastwise, 2,075; CONT
nent 2542.
Mobile-Firm; middling. 5-16; net
receipts, Ito; gross. Ito; sales, l00
stock, 24,412. Exports - Coastwise,
1878.
Memphis-Steady middling, 99s net
receipts, 342; gross, 1880; sales, LOO
stock, 70, 800
*Augusta-Firm; middling. 9 1-16; net
receipts, 719; gross, 713; sales, 679
Charleston-Firm middling, 99s; net
receipts, 49, gross, So; stock, 9,41S. Ex-
ports-Coastwise, 402.
~Cincinnati-Strong; middling, 93s
net receipts, 479; gross, 479; stock, 49,
202
%Louisville-Firm; middling Sss.
st Louis-Firm; niddling, 9 5-16
net receipts, $50; gross, 2,459; sales, $50
stock, 2S,139.
"Houston-Steady middling, 9Ss net
receipts, 10,502; gross, 10,502; sales, 2O7
stock, 45,1O0.
New York-Quiet; middling, $50; ret
receipts. 209; gross, 1887; stock, 1885,
$40. Exports-Great Britain, S401.
Total To-day, at All Seaports-Net
receipts, 33,176; exports, Great Britain,
Il'O19; France. 1888; continent, 2,542;
stock, 910,G
Consolidated, at All Seaports-Net re-
ceipts, S0699; exports, Great Britain,
4o,485; France, 5,997; continent, 1878.
Total Since Sept. l. at All Seaports-
Net receipts, 6.356,971; exports. Great
Britain, 1.994,249; France, 617,192; con-
unent, 2,149.941.
Not included in totals
The Savannah morning news. (Savannah, Ga.) 1900-current, 1903-02-18
Savannah Bank
and Trust Go.
Capital. S35O.OO0.


JOSEPH ID. WEED, Presiden mt.
JOHN c. ROWLAND. Vice President.
VIM F. McCAULEY, Cashier.
sAML. L. CLAY, Assistant Cashier.
general banking and exch&nse
business transacted.
savings Department, interer
computed qoarterIy.
accounts of merchants, baDAs
~nG corporations solicited.
American Express COmpany's let
ters of credit issued available An all
parts of the world.
collections carefully made and
promptly accounted for.
safety Deposit Boxes ana Storage
Vaults for rent.
Correspondence invited.
The Savannah morning news. (Savannah, Ga.) 1900-current, 1903-02-18

$50 to $780, zoe; 500 to $500, Csc; 5000
$500, 4Oc; $500 to $500, 45c. over $500
at the rate of 75c per $1,000 premium.
SECURITIES-The market is steady
and dull
The Savannah morning news. (Savannah, Ga.) 1900-current, 1903-02-18

Charleston, Feb 13.-Sea island cot
ton, weekly-receipts, PAL; exports, 431
sales, 112; stock, 321.