davidaulloa/AmericanStories huggingface dataset:
Perth Amboy evening news., 1904-04-21
ROW BOAT REPORTED
STOLEN FROM BARGE.

1t was reported to the police this morn
clinker built row boat was stolen from
the barge Barnegat. The barge is lying
at the LehiRh Valley docks The miss
Ing boat ia 10 or IA feet in length, and is
painted light green.
Perth Amboy evening news., 1904-04-21
NATION WAS
Sbecial 10 The Evening Ne7OS.


New Brunswick, Apr. 21:-The jury
in the Dressler and Hollander dam
age suit against W illiam Sellers,
Walter Quackenb ush and other mem
bers of the Perth Amboy Bricklayers'
and Plasters' Protective Union,
brought in verdict of $500 for the
plaintiffs yesterday afternoon. The
charge to the jury by Justice Fort
was o review of the law in this State
relative to the unions, this being the
first case at which the law in this
State as been defined by Supreme
Court Justice.
The witnesses for the defense were
called yesterday morning. They were
William Sellers. Walter Quackenbush
Leonard Cosgrove. William Riveley
of the defendent union, who swore to
the union wanting an apology from
the firm which was not given to their
satisfaction Herbert Dayton, boss
mason. who said union men always
visited jobs when thew desired !;
Charles Blischman, who heard Dress
Ter in saloon say to Riveley he could
not settle the matter because the
Trades Association had it. and Soren
Peterson, who heard Dressler call
Sellers names.
Justice Fort in his charge said:
Gentlemen of the jury
The plaintiffs in this case are part
ners engaged in the business OF cal
penters and builders, and the defend
ants are bv trade masons and brick
layers.
The declaration alleges that the de-
PENDANTS and others, combined togeth-
er and organized a trade union OF
masons and bricklayers, consisting of
nearly all the masons brioklayers and
plasterers of the city of Perth Amboy,
in this county. 1t then proceeds as
follows:
Whereupon tho defendants. being
officers or agents Of the said trade
union, did combine and conspire to-
gether for the purpose, among other
things of unlawfully extorting money
from the plaintiffs by methods OF boy
cotting and blackmailing, and agreed
in furtherance of that design, with
each other and with other members OF
the said union, to boycott the plain
tiffs and injure their business. and III
pursuance of said combination and
conspiracy said defendants did de-
mand of the plaintiff that they should
nav to the defendants. or to the said
union, $50, although the said defend
ants or said union had no lawful or
irst claim whatsoever upon the plain
tiffs. And that in furtherance Of said
conspiracy upon the plaintiffs refus-
ing to pay such unjust and unlawful
domand, did notify all masons and
bricklayers in their said union not to
work on any building whereon the
plaintiffs might be employed, and die
further notify all persons who might
have occasion to employ plaintiffs ol
to enter into contracts with them, II
their business, not to do so undcr peri
of the obstruction of their work by
the concerted refusal of the masonl
and brick layers in said union to taxi
any part of said work or Of anv worl
on any building whereon the plain
tiffs might be contractors.
The proof in this case estat lishe
that the plaintiffs are partnership
of contracting carpenters, engaged il
business since 1902 as such, and tina
Perth Amboy evening news., 1904-04-21
CONTEST is
TOWN TALK.
Ballots Continue to Arrive in
Quantities Active
Work.

Ballots deposited up to 6 O'Clock
last night are as follows:
John J.fDeveny, p. A. 17Sl5
Peter Poulson, P. A. 1927
j. Howard Hope, p. A. 7753
Henry Balderston, P. A. 1887
Capt. Thomas McElroy, Wood 'ge 1915
Oapt. Brum Simonson, Tott. 1851
W. f. Campbell, p. A. 1888
George Gillis, P. A. 28l5
Mrs. f. K Bachman, Tottenville 1859
d. W. Blair, p. A. 1868
Martin j. Olsen, p. A. 1913
L. Wolff, PA. SSl
Alex Conquest, p. A. 67S
Jack Klein. P. A. GAL
P. j. Smith, P. A. 265
Mrs. Katherine Burke, p. A. 1898
l.. Stetfner. p. A. 70
Frank Pfeil 81
Axel Lembcke, p. A. 43
Daniel Gallagher, +. A. 40
Gilby Emmons PA. 6
HI. Zalatarovtz, P. A. s
Perth Amboy evening news., 1904-04-21
REPORTED STRAY HORSE
WALKED INTO HIS YARD

Morris Brown, of II Ogden place, has
reported to the police that strange horse
walked into his yard about 4S0 O'Clock
Tuesday morning. He has kept the
animal, awaiting a claimant, but none
has appear d as yet. The horss Is bay,
about eight years old. 1t has two cuts
In it's breast and walks lame. It has
also cuts on its legs 1t has long tail.
Perth Amboy evening news., 1904-04-21
Ladies Auxiliary Meets.

The regular monthly business meeting
of Ladies Auxiliary of Simpson NJ. E.
Church, will meet tomorrow night at the
home of Mrs. Rankin. Center street,
at s o'clock. \
Perth Amboy evening news., 1904-04-21
ATTENDING CONVENTION.
Local Delegates Go to W. C. T. U. Meeting
at South Eiyer.

Mrs. Joseph Sylvester. Mrs. Jane
OVerington, Mrs g. D. Runyon ana
Mrs. John Halpin left this morning for
South River to attend the county con-
vention of the W. c, 7. u, being held
there today.
Perth Amboy evening news., 1904-04-21

Trainers Private School of Bookkeep.
ing. Shorthand and English, Scheuer
Bldg, is meeting with excellent success.
Students are enrolling every day. The
large hall is now used. 572i At 3t o d
The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1904-07-01

First-More than one-third of
this $1,000, 100000 has never paid
a cent of interest or dividend to
the investing public that placed
it's confidence and its savings in
these "insecurities. 1t is true,
we have produced a new crop Of
millionaires, but there are not
even so many of these Million
aires as there were a tWelvemonth
ago.
Second-About one-twelfth Of
this $4,000, 100000 has been wiped
out by failures or is tied up in
receiverships-in the most pros
porous times in the nations his
tory. In most instances these de-
Velopments have been accOmpa-
MED by scandalous if not actual
criminal disclosures.
Third-A shrinkage of value of
1875 per cent has come in the in
dustrial securities remaining on
the stock exchanges. This means
a loss of not less than $1,000, 000,-
900 to underwriting syndicates or
promoters-Which are sans pity
| as we'll as cash-and of about
! 100000 or 100000 to the
\ investment public-a total loss of
nearly 100000.
Fourth-Good and bad securi-
ties have suffered alike-some Of
the gilt-edged, standard railroad
stocks and bonds, along with the
"cat and dog" industrials. Incl
dentally it might be remarked
that the financial managers Of
more than one railway system
were carried off their feet in the
Whirl of excitement and indus
trial ballooning--and it may also
be we'll to add that it may be that
all Of these have not yet paid the
full penalty for their folly.
The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1904-07-01

Herbert L. Jones in Chicago Journal.
Are industrial combinations" a
failure?
Have Wall street and the country
proved this principle fallacious and
inadequate?
If they have, what will result from
the test Of that later idea and pana-
cea for American railway ills-the
Community of interest" plan for man
aging and operating railroads-pro-
Yiding the plan is not ended forth
with by an adverse decision from the
United States supreme court In the
Northern Securities case?
But one question at time-and the
answer before preliminary and long
MINDED explanation.
Much of the general public may
doubt it just now; it has not yet been
proved that Industrial combinations,
trusts" if you will, in manufacturing
lines, are failures. 1t is only high
finance" or "Morganizing," that has
failed. And it was obvious to care
full students of finance and economics
that fail they must sooner or later.
Not even j. Pierpont Morgan, nor our
own Judge Moore, can make 1 and 1
equal 11-for very long. No man can
make $200,O00,000 or $300,000,000 of
iron and steel plants and properties
the equivalent of $1,500,000,OO0
Five Billions Issued. II
b Let us see for q moment, what the
result has been. From first to last
since the Industrial combination" and
stock ballooning craze struck us, along
1896 and 1897, we have produced
about S., 100000 of new industrial
securities. . a
And here is what we see of the har-
vest from this wonderful seed:
The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1904-07-01
SENSATIONAL CLIMB
Made by Cotton Only an Example O.
What Is to Come.
Leslie's Weekly.

" =
The United States supplies nearly
80 per cent of all the cotton used in
the world. India is second in the
quantity of production, and cotton is
raised in Egypt, China, Italy, Turkey,
Brazil, West Indies, Mexico, South
Africa, Russia, Australia and the
South Sea Islands, but the product Of
all these countries and localities COM
bined is insignificant in comparison
with that raised on American soil. A
shortage in the United States means a
shortage in the world. as American
cotton practically controls the price
Of other cottons.
This fact was shown in a striking
way during the civil war. On account
of the devastation and neglect of
southern cotton fields little cotton was
grown from 1862 to 1866, and the
price in England rose from II cents
a pound in 1860 to 3S cents in 1861,
then to 69k cents in 1862; in 1868 the
price reached 90 cents, and in 1864
cotton was sold at the extraordinary
figure of $1.90a pound. Mills were shut
down. large numbers of workmen
were idle, ruin stared the mill owners
in the face. The situation amounted
almost to a financial crisis. Just sc
did the shortage of l 903 increase the
worlds demand for cotton. and Sully
The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1904-07-01
THE PLAIN GIRLS INNING
1t May Come Late In Life, but She En-
Joys 1t.
New York Times.

b 4 b l.
"The other day, when our class had its
tenth annual luncheon wrote the Elderly
Girl to friend, II realized for the first
time the advantages of being plain; for
while the years had marred the class
beauties, leaving the plump girls fat and
the tall and willowy ones scrawny, time
seemed to have stood still with the plain
girls.
zone Of our members in particular who
had been rather remarkable at college for
her utter lack of comeiness actually shone
out on this occasion as the belle of the.
class.
This girls name, like her face, was.
homely for among the many Etheis ana
Ediths and Gladyses, she alone was simply
'Mary'-'just Plain Mary-she had herself
laughing good -naturedly assumed the
pseudonym which chung to her until the
day Of her graduation.
"Look at Plain Mary!' gasped my
chum, as magnificently goWned crea-
ture, with swish of silken draperies
took her seat to the right of the post
mistress; isn't she elegant?
'.And elegant expressed her, from the
chic toque, set at just the right angle on
her dark hair, to the tip of her patent
leather boots She had retained her we'll
proportioned figure and her brilliant teeth
the only beauties she ever boasted-and
her complexion, which had always been
of the russell orange variety had worn
better than the erstwhile roseleaf skins;
In addition. she had acquired the poise,
the easy grace and the taste in dress that
sometimes come with the 30s
ut needed not the big bunch of yiolets
at her belt when violets were at their
l,sr r1ai
Prosperity was writ large all over her.
Plain Mary had married a railroad mag
nate.
''As for Airy, Fairy Lillian a dainty
bit of Dresden china, a bewitching little
blonde (ten years ago!), who had spent
The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1904-07-01

her first free year aboard, and who, ac-
cording to the class prophecies, was to
return duchess-she was teaching in the
public schools!
"And Dolores-a dark beauty with glor
ious eyes, in whom the same seeress had
seen the future leader Of the Four Hun
dred-was a stenographer!
mo one had considered it worth while
to foretell Plain Marys future. Two
words we thought would compass it:
Old maid.
1--WE might have had the class proph-
ecy reprinted with a tenth anniversary re-
vision suggested my chum as we dis
cussed the unaccountability of things
The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1904-07-01
Impossible Not Accomplished.

It is apparent-as was predicted in
the beginning-that laws of supply
and demand, economic laws, floods
and famine and natural disasters. are
beyond the power of control of even
the "Napoleons" Of the United States
Steel corporation. The impossible was
attempted, with the handicap of ex
IRENE overcapitalization. The result
was inevitable.
It has not been a failure Of indus
trial combinations, but rather fail
ure of stock watering combinations.
When some Of the "Napoleons of
finance get back to being captains
Of industry" again, when steel pros
.duction and marketing are put first
and last, and stock markets left to
their own 'Napoleons,' industrial
combinations will take their proper
place and keep it, and we will hear
less of Morgan, of Gary, of Perkins,
and more Of F'rick, Of Corey, of ELL
wood, Edenborn, and of Washburn,
and the men who have put America
where it is in the steel and iron in
dustry of the world.
AS for the effect on the railroad
Community of interest plan it is
still early to anticipate the supreme
court, not to say presumptuous, and
it will not be many weeks before we
will know where we stand in that
quarter.
The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1904-07-01

hood of industrial combination" He
has been both lauded and damned for
it. There is this to be said for him,
tho-he has played but one side of
the game, his cards have been on the
table--since his combinations were
floated he has apparently made no
effort to deceive anybody--he has not
attempted to carry the load of stock
speculation and industrial manage
ment and make one fit the other
But as to consultations 1t was
apparent that changing conditions in
the world of industry and commerce
made it as necessary to consolidate
ten or fifty plants in the same or as
sociated lines, and as inevitable a
step in the evolution of industry as
was the change from the family loom,
the workman's bench, and the single
forge to the factory, the shop and the
foundry
Once this idea became firmly fixed
and the movement well started the
Spectator saw his opportunity. Then
came the new school Of finance.
The era of promoters" was on.
Everybody turned promoter. First
the captain of industry the specu-
lative banker, the corporation lawyer,
then Tom, Dick and Harry. And
pretty nearly all of them grabbed off
fortunes by their production-of Sc
curities. Some of those that were too
greedy are now facing the peniten-
! tiary. But they still have the public's
| money.
Promoters Had Their Day.
Economic laws, warnings, expert
ences of the past, business judgment
everything was ignored in the mad
rush to get tumble of nothing to-
gether and make fortune out of it
by selling shares in it to the public.
| 1t was in this manner that $4,000, 000,-
| 600 of new industrial securities were
dumped into the hopper Of Wall street.
| And when Wall street fairly got
| started the flood Of water that came
out was greater than anything seen
since the days Of Mr.. Noah. And it
appears that Wall street is not thru
| yet.
The only gratifying feature is that
| the greatest loss is falling on those
luckless laggards in the promoting
class that failed or were unable to
| unload-for they did occasionally put
their money into the schemes.
The Billion-DoIlar Deal.
The greatest card in the pack of the
dealers in high finance" was the
! United States Steel corporation. In
the minds of the men who planned it
these were the things that it would do:
The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1904-07-01
Control fuel and ore deposits.

Control fuel and ore deposits.
Keep under one management
every process from mining the ore
to marketing the various finished
products.
Secure as allies the great rail-
ways and the building and con-
struction companies.
Solve the problems of overpro-
| duction and reaction in the iron
and steel ndustry-doing away
with the ''fat and lean" and the
feast and famine features of the
| trade. .t..~s, ....s
Eventually control the steel
markets of all the world, and with
! the advantages Of protective tar
| ifs drive German and British
competition off the face of the
| earth. us .g
The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1904-07-01
Carnegie the Model.

Illeie Was one rugged, dangerous
shoal ahead-Andrew Carnegie
The Carnegie Steel company stood
almost alone against this mass Of
trusts in the iron and steel indus
try. But it was greater than any or
all Of them. In Us own field it cons
trolled the entire process from mining
to marketing the finished product,
even to the point of dominating to an
extent the transportation companies.
But Andrew Carnegie and his asso-
ciates paid strict attention to the iron
and steel business and it's auXiliaries.
The stock ticker was not then an aux
iliary, and they paid no attention to it.
The manufacture and sale of iron and
steel was placed first, last and always.
The tremendous over disqualification
of these earlier or little trusts, to
say nothing of the stock market
gambling Droclivities Of their Ma
poleonic" managers, made them vul-
nerable. 1t was only question of
time until the Carnegie company
would drive them al lout of existence
by a relentless, exterminating compe-
tition. . a. s...a .-
Then the alternative was presented
take Carnegie "in'' or bust"
Carnegie would not come in. But
if they could raise his price he would
get out.
Then it was the high finance came
| into play-the worlds greatest cor
| poration was conceived and the new
billion dollar project was launched.
The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1904-07-01

This was the outline Of the plan and
the reasons given for consolidation in
the steel world. But there was an
other-greater, more essential, one
that meant life or death, fortunes or
ruin to the promoters. "
A dozen or more preliminary con-
solicitations had taken place-National
Steel, Federal Steel, American Steel
and Wire of New Jersey, American
Steel Hoop, American Steamship COM
pany and string of minor deals
Each of these was SO thoroly over
capitalized as to make fortunes for
their promoters-but there was big
ger game, or complete ruin, ahead
the alternative of utter failure or com
plete success.
The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1904-07-01
and Brown. foreseeing this condition.
took advantage of it and made their

look advantage OF 1t ana maze lnelr
millions.
Whether or not the price of cotton
will continue to advance is question.
The bull leaders predicted week be-
fore the close of last January that cot
ton would before summer be selling
at 20 cents a pound. On Jan. % the
price at New Orleans reached 16
cents, on Feb. it rose to 1S cents,
which was the record up to that time.
The new crop of 1904 will not be ripe
until next August, and definite con-
clusions as to its quantity and condi-
ton cannot be reached before Sep
TENDER; so that the era of, specula-
ton has only begun. New and SEN
sational records are perhaps yet to be
made.
The present Trinity church at the
head of Wall street, New York, is the
third edifice of that name, the two
preceding structures erected upon the
same ground having been burned.
The Trans Siberian railway is near
ly 5000 miles long, and cost, in rough
figures, $5,000,000,000. The first sod
was turned in 1895, and in nine years
1875 miles were laid. including thirty
miles of bridges.
The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1904-07-01
Gates Was q Pioneer.

John w. Gates, with his American
Steel and Wire company of Illinois, is
probably entitled to as much credit
as any other one man for the father
The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1904-07-01
Results of "High Finance"

But these things are not the result
of the failure of the industrial COM
binations' plan. By no means. They
are the natural results Of high
finance" of too heavy a load of in
dustrial securities, the creation Of
which required too rapid absorption
of available American capital and the
borrowing of all that could be had in
Europe. The flotations of these
gigantic Industrial consultations were
not on a scientific, economic, or ad-
vanced basis. 1t was simply case
of too much securities, too much at
tention to the stock market, and not
enough to production.
captains Of Industry flocked to
New York to become ''Napoleons Of
finance" over night, and the practical
business was left to the salaried I'M
derlings, who also paid more atten-
ton to stock tickers than was good
for them-so we had the epidemic
of "tickerosis." And there is no known
disease so hard to shake off or per-
manenty cure.
But to go back to the beginning
there are few men who would have
the country or it's industries back
where they were before the era Of
Industrial combination set in. That
era was natural and laudable out
growth of the ruinous competition fol-
lowing the revival from the crisis of
1898. TO increase the efficiency of
production, combination" was Of
fered as the remedy. The plan came
out of the west--but when the east
realized it's possibilities, with what
avidity her "captains' grasped it, and
with what tenacity they have chung
to it!
Gates Was Pioneer.
John w. Gates, with his American
The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1904-07-01
Policy Completely Reversed.

And the very first thing that was
done-once the deal was closed-was
to completely reverse the policy of the
model on which the consolidation was
based--the Carnegie company. The
new plan was: !
Manufacture of stock market Sc
curities first, steel production after
ward.
Charles M. Schwab, made president
at the dictation of Carnegie (who took
no watered stock, but S30O,OO0,0OO in
first mortgage bonds, as his share Of
the poG, said at the time, when warn
ings went up from every quarter:
'The men concerned feel very GER
tain of the ground on which they
stand. They have depended not on
speculation and theory, but on facts
and figures. They have gagged their
future very carefully by the past"
But when we look over the bond
preferred stock-conversion deals, the
reduction of the dividend on common
stock, the probable wiping out of the
rest Of it and a reduction in the pre-
ferred, the awful shrinkage in the
value of all the securities except those
held by Carnegie, the Frick. plan for
radical retrenchment, especially in
wages and salaries accounts, and other
operating expenses, Mr.. Schwab's dec
laration seems to lose some of its
weight, to say the least.
| 1t is true some of the ruinous COM
petition has been eliminated. But
there is still Colorado Fuel, Clarion
Steel, Bethlehem Steel, Republic Iron
and steel. Tennessee Coal and Iron
Sloss Sheffield Steel and Iron and
others. s.
Reaction, overproduction and other
ILLS Of the industry have not been en-
| tirely overcome. 1t would seem. wher
| we consider the recent price cuts ane
The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1904-07-01
compare the prices now and year 7
ago. The showing is:

1t will be seen that wire nails and
barbed wire (the principal things
brought into the combine by John
W. Gates) are the only products SELL
ing higher now than a year ago, and
rails are the same, but to prevent
rails are being sold
abroad for as low as SIS and $40, and
it Is certain they will fall to $26 or
even $23 for domestic consumption
hafnra MANY weeks PASS
The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1904-07-01
THE TESTING OF THE
INDUSTRIAL COMBINES


Manufacturing Plants been FaueNa
W poleons of Finance Again
The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1904-07-01
SUMMER RESORTS

THE CHAPMAN HOUSE At MOUND. UPPER
Minnetonka. is now Open. Finest fishing. bath
ing and boating on the lake. Large new pa
vilion. Everything frst-class. Forty-fve min
utes ride the Great Northern from the
The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1904-07-01

Mems Linen Collars and Cuffs
these are soiled and must be
washed; regular value a.
10c to 25c, Saturday. -. ~
Laces- 100 pieces Torchon
Lace, value to Sc, 3D.
Saturday. 49,. @G
Embroidery, worth 7c MM
to 10c yard, Saturday.. AU