davidaulloa/AmericanStories huggingface dataset:
Evening bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1895-1912, 1904-01-28
The First
AMERICAN SAVINGS
AND TRUST co.
OF HAWAII, LTD.

CAPITAL, 8250,c1ooo.
president. ............ Cecil Brown
Vice President. ......M. P. RobInses
Cashier. ...............W. q. coepss
Office: Corne. Fort and King Sts.
SAVINGS DEPOSITS received slS
interest allowed for yearly deposits 4
the rate Of 1-2 per cent per annum.
Rules and regulations furnished %
on application.
Evening bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1895-1912, 1904-01-28

One Of the Peck cottages. 1927 Vineyard
st. Apply at 3O7 Vineyard, betw. ~
-oDj j and after 5 p. m. 2G71-1w
Evening bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1895-1912, 1904-01-28

? cottages on River street. four rooms,
kitchen and bath room. j. W. Pod.
more, Bethel and King. 2C21.tf
Evening bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1895-1912, 1904-01-28
TO LET.

Al kaimuki. the cottage lately occu'
sied by J. w. A. Redhouse, on Eighth
Avenue. near Kaimiki Avenue, and
Esar the property of Mrs. Hendricks.
4. few minutes walk from the Elec.
TN, Cars. For information, apply to
Cecil Brown, Merchant Street.
2669tf
Evening bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1895-1912, 1904-01-28

GoN RENT: Furnished Rooms--Nice,
ss1ol, mosquito proof rooms. Alakea
Reuse, Alakea St. bet. Hotel and
King. Z2G5.tf
Evening bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1895-1912, 1904-01-28

Nicely furnished rooms, all modern
conveniences. At No. 81 Vineyard
81 2657-tf
Evening bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1895-1912, 1904-01-28

TO tET-FurnIshed rooms at No.
Garden lane. Mrs. Mcconnell. 1868
The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1904-02-07

nous Corot merely to get his name in
the papers.
"|Turp. 62B," said his nephew, who
was standing by the ticker.
Then old Weehsler had an idea. If
he sold 2,066 shares of Turpentine at
62 or 60, he would have enough to buy
the best ten canvases of the collection.
His name-and the amounts paid
would grace the columns Of the pa
pers. What was 1900 shares, or even
1000. when Sharpe had made such a
big, broad market for the stock?
why, might as well make it 5000
shares while I'm about it. for there's
no telling what may happen if Sharpe
should overstay his market. I'll build
a new stable at WeSthuFst''-his coun-
try place-"and call it," said old
WechsIer to himself, in his peculiar,
street, the Turpentine Horse hotel, in
honor of Sharpe" And so his 5000
shares were sold by E. Halford, who
had the order from Herzog, Wertheim
& Co, who received it from Wechsler.
1t was short selling, Of course.
Total breach of faith Is, 900 shares.
Now that every evening Bob Lind
helms extremely handsome wife want
ed a necklace, and wanted it at once;
also she wanted it of filbert- sized dia-
monds. Lindheim, to his everlasting
credit, demonstrated and told her:
wait until the pool realizes, sweet
heart l don't know at what price that
will be, for Sharpe says nothing But
know We'll all make something hand
The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1904-02-07
BY Edwin Lefevre.

business for the Greenbaum syndicate,
meaning that friends of the syndicate
had received a tip" straight from the
inside" and were buying for invest
ment.
For week '"Turp'' rested; then it be-
gan to rise once more. At as and So
it became the most active stock of the
entire list. Everybody talked about it.
At so the street thought there really
must be something behind the move
ment, for no mere manipulation could
put up the price thirty points in a
months time, which shows what a
wonderful artist Sharpe was. And the
people began to look curiousIy and
admfringly and enviously and in many
other ways at "Jakey" Greenbaum and
his accomplices, and to accuse them
of having Intentionally kept down the
price of the stock for year in order
to freeze out" the poor unsophisti-
Gated stockholders and to tire out"
some of the early buyers, because
''Turp,'' being "a good thing" Green
baum ct al. wanted it all for them
selves.
Then Sharpe sent for "Jakey," and
on the next day Eddie Lazarus
swaggeringly offered to wager $4,000
against $4,000 that a dividend on
'Turp" stock would be declared dur
ing the year. Whereupon the news
papers, of their own accord, began to
guess how great a dividend would be
paid and when, and various figures
We're mentioned in the board room by
brokers who confided to their hearers
that they "got 1t on the dead q. t.
The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1904-02-07

ought to have come to me before; it
will take something to overcome your
own reputation. How much will each
take?"
:Well fix that o. K. if you take
hold" answered Greenbaum, laughing
ly. We've got over 100000 shares and
we'd rather some one else held some
of them. We amt hogs. Hal hal"
But the distillers?"
''They are in the pool. I've got most
it does not come out until l say So"
There was pause. Between Sharpe's
eyebrows were two deep lines. At
length he said:
Bring your friends here this after
noon. Good-by, Greenbaum."
On the minute of there called on
Mr.. Sharpe the senior partners of the
firms of Greenbaum, Lazarus & Co., l.
& S. Wechsler, Morris Steinfelder's
Sons, Refs & Stern, Kohn, Fische &
Co, Silberman & Lindheim, Rosenthal,
Shaffran & Co. and Zeman Bros.
Mr.. Sharpe appeared at the threSh-
old
n "How do you do, gentlemen? Don't
move, please; don't move" He made
no motion to shake hands with any of
them, but Greenbaum came to him
and held out his fat dexter reSolutely
and Sharpe took it. Then Greenbaum
sat down and said: Were here" and
smiled blandly.
"Greenbaum tells me you wish to
pool your Turpentine stock and have
me market it for YOU"
All nodded; few said Yes" one
The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1904-02-07

the secretary, and an amateur boxer of
great proficiency.
Failing to find Sharpe they hastily
organized new pool, of a self-pro-
tective character, and sent in sup
porting" orders. They were obliged to
take large quantities of stock that day
and the next in order to prevent a
worse smash, which would hurt them in
other directions. They found them
selves with more than $4,000 shares
on their hands and the price was only
26@2S. And merely to try to sell the
stock at that time threatened to start a
fresh Turpentine panic.
They met Sharpe on Monday. His
speech was not so short as usual He
had previously sent to each man an
envelope containing a check and a
statement, and nS~v he said in mat
ter-of-fact tone:
Gentlemen and Greenbaum. you all
know what l did for Turpentine on the
tack. Around 81 l began to strike
some stock which l couldn't account
for. | know none of you had any for
sale, of course, as you had pledged me
your honorable words not to sell save
through me. But the stock kept COM
ing out, even though the sellers Dor
rowed against it, as if it were short
stock, and l began to fear / had met an
ineXhaustible supply. 1t is always
best on such occasions to act promptly,
and so, after driving in the real shorts,
l sold out our stock. The average SELL
ing price was 40. If it had not been
for that mysterious selling 1t would
have been 80. After commissions and
other legitimate pool expenses I find
we have made 8 points net, Of $1,029,-
600, Of which % per cent, or $250,00G
come to me according to the agree
ment. 1t is too bad some people didn't
know enough to hold their stock for
80. But L find Wall street is fuIlof un-
certainties-therei is so much stupidity
in the district. 1 trust you are salts
fed. In view of the circumstances
am. Yes, indeed. GOod-day, gentle
men; and you, too. Greenbaum, good
day!"
Outside they compared notes, and in
a burst of honesty they confessed.
Then, illogically enough, they cursed
Sharpe. The pool was not ahead of
the game" They had so much more
stock on their hands than they de-
sired that in reality they were heavy
losers!
And as time wore on they had to
buy more 'Turp" and more "Turp,"
and still more ''Turp" They thought
they could emulate Sharpe and rush
the price up irresistibly, at any rate
up to so. They declared a dividend of
per cent on the stock But they
could not market Turpentine. Again
and again they tried, and again and
again they failed. And each time the
failure was worse, because they had to
take more stock
1t is now quoted at 16m18. But ii is
not readily vendible at that figure, nor,
indeed, at any price. Opposition dis
tilleries are starting up in all the tur-
pentfne districts and the trade outlook
is gloomy. And the principal owners
of the stock of the American Turpen-
tine company, holding among them no
less than 100000 out Of the entire issue
of 100000 unvendible shares, are the
famous 'Greenbaum Skindicate"
The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1904-02-07
TRADE SCHOOL FOR
GIRLS IS FAVORED
Presidents of WOmen's Clubs
Meet but Fail to Reach a
Final Decision.

NEW YORK, Feb. 6.-Hoping to be
able to settle in the peaceful environ
ment Of Brooklyn that vexed ques-
ton Of whether to have or not to have
a trade school for girls. presidents Of
all the womens clubs Of New York
city were asked to meet in council with
the members of the executive commit
tee of the State Federation in the
Young Women's Christian Association
hall, in Brooklyn. yesterday.
Mrs. Charles M. Dow, president of
the State Federation, presided, and by
her side sat Mrs. William Tod Hell
muth, honorary president There was
practically an all day session and the
well worn circle of argument, attack
and defense was travelled, and the
school is just as far away as It was,
to all appearances.
Mrs Dore Lyon, as chairman Of the
industrial committee, rehearsed once
more the reasons for establishing a
school at Amsterdam, where a build
ing and equipment have been offered
on favorable terms.
Those who. believe in waiting pol
icy proposed to delay the establish
ment of the school until after another
meeting of the State Federation. 1t is
now six years since the proposition to
establish such a school was made
Miss Anna Maxwell Jones said the
women of an old and great state like
New York did not have to establish
new schools, libraries and the like.
That was well enough in the newer
western states. but unnecessary here.
Mrs. Helmuth protested that when
state gets to the place where it does
not require to do much 1t begins to
die out.
In answer to the objection that the
$4,000 available for starting the school
was not enough to begin on she said
that the Hahnemann hospital, of New
York, was started in their parlor with
out cent, and that another great hos
pital, now worth 81, 100000, was start
ed under similar conditions LET us
put our hands in our pockets and our
heart in our work" she urged.
Letters were read from various au-
thorities on the subject Of trade schools,
giving estimates Of the expenses and
other conditions for carrying on such
work.
Mrs. Lyon read letter from the
manager of the Women's Domestic
Guild of America, telling of the demand
for girls trained in cooking and other
branches of domestic science and for
seamstresses and dressnakers.
Domestic work and sewing are now
being taught at the Amsterdam school,
and if the State Federation takes con-
troll of the school the work can con-
tinue with improved and enlarged ia
cilities.
The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1904-02-07
Are Women roo Actlve2

The women of this generation are I'M
doubtedly suffering from too much occu-
patton. The listless bored, discontented,
unsettled girl Of twenty years ago has
given place to the restless, energetic and
positively desperate business woman
thirsting for fresh olgtlets for enterprise.
We are caught up in the whlrlwind OF
modern unrest and we imagine we are hap
py because we have no time to think
anything to the contrary. Field.
The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1904-02-07

Lindheim, aetat 27-said, afppantly.
That's what"
very well. What will each mans
proportion be?"
Il have a list here, Sharpe" put in
Greenbaum. He Intentionally omitted
the Mr." for effect upon his col
leagues. Sharpe noted it, but did not
mind it. LIZ @ ar @ ses
The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1904-02-07

Important items for you on the Want
Page. Don't neglect TO read them.
The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1904-02-07

IN the beginning of the beginning
the distillers of turpentine carried
competition to the quarreling point.
1t was Alfred Neustadt, banker in
a famous turpentine district, who first
called his brother in-law's attention
to the pitiable sight. Jacob Green
baums soul thrilled during Neustadts
recital. He decided to form a turpen-
trust
First he bought for a song all the
bankrupt stills-seven of them. Then
he secured options on nine others, the
tired unto-death plants. Then the
banking house of Greenpaum, Lazarus
& Co. stepped in, Interested accom-
plices, duped or eoerced into selling
enough other distiIlers 10 assure sue
cess, cajoled the more stubborn, whee-
dled the more credulous, gave way
gracefully to the shreWder and gath
cred them all into the fold. The Amer
lean Turpentine company was formed
with a capital stock of $780, 900, or
100000 shares at 500 each. The cash.
needed to pay Greenbaum, Neustadt
and others who sold their plants for
part cash and part STOCK" was pro-
Vided by an issue of $25,000,0 900 of 6
per cent bonds, underwritten by
syndicate composed of Greenbaum,
Lazarus & Co, l. & S. Wechsler, Nor
ris Steinfelder's Sons, Refs & Stern,
Kohn, FischeI & Co., SHERMAN &
Lindheim, Rosenthal, Shaffran & Co.
and Zeman Bros.
In due course of time the public sub
scribed for the greater part of the $685.
100000 of bonds, and both bonds and
stocks were listed on the New York
Stock exchange-that is they were
placed on the list of securities which
members may buy or sell on the floor"
of the exchange.
Tabularly expressed. the syndicate's
operations were as follows:
Authorized stock ............. $50 900. 600
Authorized bonds .............. q. 600 900
Total Observation-Disclosures. $50. 000, 900
Aqua pura ...................,$4 2, 200, 900
Paid to owners for forty-one distil-
leries, representing 80 Ger cent of the
turpentine production (and 121 per
cent of the cOnsumptionD of the
United States:
Cash from bond sales ........... $S,975. 983
11OHCS -.--... ........ ..s-.-..... IZ,V0O,OUO
Stock Observation-Disclosures. 1929, 800
Total ...................... $89. 225. 1913
Syndicates commission stock. - 9S8. 500
Retained in company's treasury
unlssued .-.................. 1000, 900
bonds. etc. .....:............ 7S5,717
Total ...................-..$ $50, GOO. 900
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1904-09-07


{ OILERS WEEKLY Of recent date
" has an interesting article by Cow
ernor La Toilette on the political sit
uation in Wisconsin. The governor,
who is backed by a very large per-
centage, perhaps majority, OF the
Republicans OF his state, says the fight
is against the continued control Of the
state by the railroad corporations. He
continues:
For years the railroads. in close con-
tecliOn with the political bosses of MS
cOnsin, had been in quiet and undisputed
possession. They mad secured their land
grants. They had repealed legislation adj
verse to their special interests. They
had selected members Of the legislature
and named its officers and important
committees. They had drawn and passed
bills for their own regulation. accord
ing 10 their ideas of fairness TO the public.
They had placed and maintained upon the
statute books a scheme OF taxation which
practically enabled them 10 assess them
selves and fix the amount which they
were 10 pay in taxes. So perfect and so
harmonious were the relations existing
between them and the half-dozen men
who managed the politics OF the state
that theT had been. almost without ex-
ception, in practical control OF legislation
for many years.
Governor La Toilette has been re-
nominated by one wing of his party.
Senators Spooner and Quarles, repre-
sentiag all that Governor La Toilette
is against, have nominated another
candidate FOR governor and another
state ticket The Democrats have nom
mated an able and fearless man, one
who has had experience in the execu-
tive chair, George ". Peck. We sug
gest that if the Republican voters OF
Wisconsin really want 10 get their
state out of the control OF the rail-
ROADS, the best way for them to ac-
complish it Is to vote the Democratic
ticket.
1t is admitted by Governor La Fol-
lette~that under the different Republic
can regimes. during two of which he
was at the head of the state govern
ment. the railroads have been fasten-
ing their grip tighter and tighter on
the lawmaking bodies. It is unreason-
able to suppose that Republican legis-
lators, Republican state officials, long
accustomed to railroad control, would
be able to shake it off easily. The
Democrats. on the other hand. would
start in with an absolutely clean bill
The redemption OF Wisconsin lies in
Democratic success.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1904-09-07
AN HEROIC CORRESPONDENT.

A MOTHER STORY OF the heroisn
A of a war correspondent has come
from the Orient. This time it is a Rus
sian writer, an Associated Press man
who distinguished himself His name
is Kiriloff and he may De dead by the
time this is printed, for he had beer
desperately wounded and at last &C
counts it was feared that he could not
survive With the usual disregard for
his own personal safety that is usual
~. we may almost say always, shown
by the newspaper man in search OF in
formation. Kirilof had gone into the
thick Of the fighting.
lie was writing his story OF the fight
we imagine. from the account at hand
while bullets and shells were flying
about him. When he was shot he was
standing near a Russian gun The
bullet passed through his right lung.
lie staggered and fell. the blood squirt
ing from his mouth. Retaining con-
sciOusness. his first and only thought
was to get his story on the wire. In
spite of the protests Of those about him
he had his horse brought up himself
placed on it and he rode five and a
half terrible miles to Lao Yang and
filed his message.
When his work was done Kiriloff
consented to 90 to a hospital but only
then. The Herald has heretofore called
attention to the gallantry displayed by
newspaper correspondents in the Rus
sO-Japanese war. Not man of them
has shirked his duty, not one has failed
when the opportunity was offered him.
They have endured hardships and
dangers which viii never be described,
they have gone hungry. they have
worked under difficulties that seemed
almost insurmOuntabIe All this. not
for the salaries they are paid. because
mere money viii not tempt men TO do
what they have done, but because it
was their duty.
The only complaint that has been
heard from the newspaper men is that
more of them have not been permit
ted TO so into the danger zone. Il was
announced yesterday that two were
coming home for this reason. They felt
that they could not be Of sufficient
service to their employers. miles, as
they were, from the actual lighting, TO
warrant their retention in the east.
The Herald is proud or the CORE
spOndents. The newspaper men of to-
day have proven themselves worthy
followers IL the footsteps of the great
correspondents OF other years.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1904-09-07

A INDIANA is one Of the states
"A that both parties are anxious TO
capture. for both realize it win prob
ably De the determining factor in the
result, the doings and sayings OF
prominent Indiana politicians become
of peculiar interest. Democratic hopes
Tor carrying Indiana have been
strengthened recently by the attitude
taken by the friends of the late Pres
ideut Harrison The Harrison follow
ing is not enthusiastically supporting
tho Republican ticket. On the contra
~. many Of its leaders are in open OPP
position.
President Roosevelts expansion pol
/ icies and his advocacy Of ship subsi-
dies were never approved by President
Harrison. One one occasion he said:
I'VE hold no commission from God to
police the world" Again. in a pub
lished letter. he wrote. regarding the
ship subsidy bill: 4 consider it a seri-
GUS departure from correct princi-
pies" The same views are entertained
by W. H. II. Miller, attorney general
under President Harrison. Mr.. Miller
IS on record as saying that the outlool,
for the country in the event President
Roosevelt is elected, is anything but
Teassuring.
Another prominent Republican Sid
ney y. Chambers. United States dis
trict attorney in Indiana under Harri-
son. in "A recent interview said: The
personality Of Mr.. Parker is satisfac-
tory to the entire people of this coun-
try No ore. Republican or Democrat,
can object 20 him. The personality OF
President Roosevelt is obnoxious to
many OF the business interests OF the
country"
This sort Of talk might not be inn
DeTtaHt in Pennsylvania. or some other
surely Republican state, but 1t is inn
p0ftant IN Indiana, for Indiana is TO
be a political battle ground this year.
il viii not DO TO underestimate the in
fluence of the Harrison following. 1t
may be able 10 do the Republicans a
great deal OF harm. Indiana may well
be classed in the list OF doubtful states
this year, even though one OF its
adopted sons is on the national ticket.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1904-09-07
SANE uNicHssm.

1T IS NOT DIFFICULT to under
L stand why the Brotherhood of Lo-
connective Engineers is commonly re-
garded as the most rational, the most
conservative, the strongest labor union
in existence. This is true because the
engineers do not strike without the
strongest provOcation, preferring al
ways TO aFbitrate any differences they
may have with their employers. This
does not mean that they do not insist
upon their rights, for they do. But
they never ask for more than they are
entitled 70 receive, and they usually
get what they ask. Another reason the
Brotherhood OF Locomotive Engineers
is respected may be found in the fol-
Lowing statement from a representa-
tive member. He said:
I'VE wish 1t to be distinctly understood
that the Brotherhood of Locomotive En-
gineers takes the stand that. as our fore
fathers gave Us all equal rights, we have
no right to decide that we will not work
with nOn-pDiOn men. The Brotherhood
Of Locomotive Engineers or It's members
as p body never said that they should
work with none but members of the
brotherhood. What we have insisted on
and will always insist or is that the
standard OF union wages be observed All
dtQlS. NEeintI the men DC uiloI or nun
union. We hold that non-uniOn man
has as good right TO work as = union
man if he gets the same wages.
In other words. the locomotive en-
gineers concede the Justice Of the open
shop principle. They do not deny to
the railroads the right to employ good
men wherever they may be found, re-
gardless OF membership or non-mem-
bership in the union. All they insist
upon is that union wages shall be paid.
And they are paid from one end Of the
country to another The result has
been that nearly all locomotive engi-
neers are members of the brotherhood.
This has been the result because
non-union men. working with union
men. have had an opportunity TO
learn the practical benefits of union
membership. They have seen that the
snty purpose of the engineers union is
to improve the condition OF all engi-
neers; they have seen that no discrim-
nation is exercised and that all first
class engineers stand on the same foot
ing,
Is the fact that there hasn't been an
engineers strike for many years a suf-
ficient endorsement of sane unionsm?