davidaulloa/AmericanStories huggingface dataset:
Evening star., 1904-01-23
Financial window Dressing ~

The public is gradually becoming
auainted with the vernacuar of the high
finance" which. during the last few years,
has bloomed into the semblance of sci
ence Not many months ago a flood OF
light was thrown upon the real inwardness
of the stock markets low state by the ut
terance. supposedly by Mr.. J. Pierpont Nor
gan, of the now celebrated phrase ''undi-
gested securities. SO pat was the descrip-
ton afforded by the adjective. especially
when followed by J. j. Hi!fs amendment.
.'undigestible securities" that the public be-
gan to understand the real reason for the
overstocking of the market and the conse-
quent fall in prices. 1t was not until re-
Gently that the true circumstances of This
utterance became known through msSa-
zine article by former Wall street reporter
for one of the New York dailies, who wrote
the celebrated interview with Morgan.
The latter he declared had told him to go
ahead and write what he thought the king
OF finance might say. and then to submit
his copy. He did so. and in summarizing
the causes for the stock slump chanced to
remember the phrase '.undigested sec,ri-
ties az having occurred in the course of
Evening star., 1904-01-23

an article which had previously appeared in
an English financial journal. Thus by
process of adoption and absorption, 1T be-
came known as the creation of Morgan. 1t
will probably always be thus remembered.
Now in a somewhat similar manner Whit
aker Wright, who came to grief few
months ago in his ambitious financial
schemes in England and fed to the United
States to be later returned for trial, has
just uttered on the witness stand in Lon
don phrase which, while familiar to bank
ers and insurance companies and other
financial corporations, will strike the lay
public with somewhat novel force. He de-
ciared that certain of his transactions were
not only legitimate and regular, but had the
full approval of the directors of the later
insolvent companies he was floating, these
directors having engaged in window dress
ing" the balance sheets to beguiIe the pub
lie. This practice consists in presenting
annual statements in such terms that the
affairs of the corporations are given the
best possible aspect. Early in last Decem-
ber the stock market in this country, which
had been sluggish and low for some weeks,
began to rally somewhat. The wise ones
recognized the movement merely as a token
OF the annual window dressing of the
banks and other corporations, which WISH
ed to show substantial securities in terms
of higher market prices than those which
had been prevailing. This process is man
aged by means of many little devices in
bookkeeping which serve to indicate more
wholesome state of the stock than the
actual conditions warrant
Gradually the public is learning, but
whether it will profit by its lessons or not
remains to be seen. The revelations caused
by the ship building trust court proceed
iHgs should make wise long line of possi-
BILE stock purchasers. These occasional
phrases which in memorable form describe
conditions and processes ought to carry con-
viction. Legitimate financial transactions
will continue despite the fear of the timor-
Gus public of being nipped by wild cats, and
the more light that is thrown upon the
false the more healthful will become the
state of the real business interests of the
Evening star., 1904-01-23

The inquiry into the responsibility for the
Chicago theater fire has developed along
the usual lines of avoidance and recrimina-
ton by the various parties to the case.
There are three interests involved. the man.
agement Of the travelling theatrical attrac-
ton. the managers of the theater building
and the city authorities Both of the thea
trical interests have sought ever since the
investigation began to throw the blame
upon the inspection service of the munich
pality. Between themselves they have
shuffied great deal and have tried to shift
the burden upon the shoulders of each other.
But in the mass of evidence appears the
plain fact that all three blundered and
evaded plain duty and totally ignored the
Evening star., 1904-01-23
The Fight at Annapolis.

II the democratic state convention oi
MARYLAND had instructed last fall for united
states senator the present difflcuity over
that office at Annapolis would not nave oc-
Cured An election would have taken place
nrouptly upon the day designated. and all
would have been over. No deadlock, no
acr,monv. no talk of barrels" no delay of
other business would have been possible.
The legislature in proceeding to ballot
would have had before 1t the instructions
received at the polls. and would have obeyed
them.
That such action was not taken grew out
of the consideration felt for Mr. German S
political fortunes. As a candidate for the
presidency he had strong claims upon his
followers. and they were disposed to yield
to his wishes and to play his game. A spir-
tied campaign was on the cards. and the
republicans who were well led, required
very close watching. The democrats felt
that in order to win. they must make every
move count at its full value. SO the sena-
torship was kept open. as a prize to be
fought for at the polls by any and every
ambitious democrat who cared to enter the
lists This brought Mr.. Rayner actively
into the field In Baltimore. and his candi-
dacy there made the Smith men elsewhere
work with all the greater zeal for their Ia
VOrite.
The contest may not be as protracted as
some predict An election may take place
next week. But injury to the whole work
of the legislative session has probably
already been inflicted. The reports from
Annapolis all show that unexampled bit
terness exists there between men who here
tofore have been on terms of the closest
personal and political intimacy, and that
charges of bad faith and the grossest
treachery are freely banded about. This
is bound to tell when the fight is over, and
the law-making Of the session begins. Men
do not forget such clashes in a day, and
while the memory of them remains the
effect of them is easily to be detected. Not
unlikely, therefore. the usefulness of the
present legislature will show serious i'm
pairment by reason of this contest, which
has disrupted so many friendships. and
divided the body at the very outset into
several hostile camps. with the braves all
painted and every scaIping- knife fresh from
the grindstone.
Senators should he elected by direct
vote of the people. But until that can be
provided for-and. popular as the idea is.
amending the Constitution to put it into
force will be slow business-state conven-
matter in advance of the meeting of the
legislature. and thus leave that body with
nothing to do in the premises but ratify the
choice previously expressed by the people
at the polls
Evening star., 1904-01-23
Murder in South Carolina.

From the Charleston News and Courier.
The number of murders credited to South
Carolina by the Attorney General last year
was DID. The proportion of murders for the
United States per 100000 of population was
something more than II, and the proper
ton per 100, 600 of population in South Car
olna was more than 16. Giving the ben
eft of every doubt. the bloody fact remains
that we do more than our share of murder
per acre and per capita in South Carolina
than is done in any other state or territory
of this country. Comparative figures in
estimating the degree of our bloodguiltiness
are of little account however; the main
point Is that murder Is not punished In
South Carolina as the law directs, and MUIR
der Is becoming more common every year.
There must be a reckoning some day, and
when that reckoning is made the people of
this generation will be utterly condemned.
Evening star., 1904-01-23
A Bright Outlook.
From the Philadelphia Ledger.

The solid prosperity of the country is not
affected by Wall street quotations. The
depression in the stock market during the
closing months of 1903 was concident with
extremely encouraging conditions in our in
ternal carrying trade and foreign commerce,
the sure indicia of extraordinary activity
in all lines of production. The recent rise
in prices of standard railway shares and
other sound stocks and securities is respon-
sive to the remarkable exhibits of the busi-
ness situation of the country at the close of
1903. in many respects the most extraord1-
nary evidence of present and coming pros
perity ever exhibited in this or any other
country.
Evening star., 1904-01-23

The first ruined-peach-crop story OF the
season comes from Connecticut, where one
grower declares that the extremely cold
weather of this winter has killed $4,000
worth of trees in his orchards alone. and
that others have suffered in the same de-
gree. This is a variation of the theme. It
is a little difficult to understand the abso-
lutte slaughter of the trees by the cold in a
region such as New England, where for
many years the fruit trees have survived
colder winters than the present Are the
Connecticut peach trees of today less hardy
than their progenitors, or is the competition
for high prices more keen than ever?
Evening star., 1904-01-23

requirements of the public safety. 1t Is no
defense of course for a manager to declare
that he was permitted by lax inspection to
carry on his business In a dangerous man
ner But unquestionably the inspection
corps of the city should have gone on the
assumption that every man falling under the
possible ban Of official disapprova1 would.
if unmatched and not required to do the
right thing, skimp and save and neglect 10
provide the precautionary measures whicn
the laws demanded. 1t is to be hoped. for
the sake of the public at large and the om-
cial morals of all cities. that every person.
official or otherwise. whose negligence or
corrupt or incompetent inattention to duty
contributed to the disaster will be so sever
ely punished that a new standard OF law
observance and enforcement will be set up
for this country.
Evening star., 1904-01-23
The Ordinary Man.

Jes' a awdinary man!
Has de mostes' fun / can,
Does de work / has to do,
An does a heap O. restin', too.
Kings is talkin' bout a fight.
Some is dodgin' dynamite;
Wealth done set danjus pace
In a hoss-less carriage race.
White folks maxim money quick,
Worries till dey done took sick
Glad rs built on dishere plan;
JeS' a awdinary man.
Evening star., 1904-01-23
Meat-Eating and Appendicitis
From the Chicago Chronicle.

From the Chicago Chronicle.
Recent Investigations made by surgeons
in the French army in all parts of the
world demonstrate, to their satisfaction
at least, that the prevalence of appendi-
citis is in exact proportion to the preva-
lence of meat-eating. This may or may
not be true, but person VINO Is suffering
from appendicitis or any other disease will
not lose anything by abstatning from the
use of meat for time and noticing the
effect on his complaint. This much may
h-.saif even if vegetarianism is delusfou.
Evening star., 1904-01-23
The South.
From the Memphis Commercial Appeal.

From the Memphis Commercial Appeal
The South is rapidly becoming the wealth.
lest section Of the Union. BY the time the
isthmian canal is built. the whole South At
lantic and gulf coast will be dotted with
great commercial ports, and the commerce
for the orient that now goes through north
ern and eastern ports will pass through
them. The railroads realize this and they
are building and widening for that end.
Evening star., 1904-01-23
An Impression.

Father" said little Willie, what is a
trust promoter"
MY son. was the answer, that is a
very difficult question. Some people say he
is a fine business man and others that he is
the victim of an exaggerated case of KEEP
tomania."
Evening star., 1904-01-23
Satirica1.

THAT is curious" said the witness for the
prosecution in the post office cases, as he
paused before letter box.
What is curious?'
1T says, Lift up 1t would in my opin-
ion, be more accurate to label it, Hold
up"
Evening star., 1904-01-23
Suspicious.

"The new cook comes with fine recommen-
dations," said Mr.. Bliggins.
YES" answered his wife, they sound
as If the people she was with thought a
great deal of her, or else that they were
willing to do say almost anything in the
hope of getting rid of her"
Evening star., 1904-01-23

The republic of Panama undertakes to
prohibit monopolies by constitutional
provision If it show just how the
trick can be done it will be hailed as
leader among nations.
Evening star., 1904-01-23

1t is feared that some people get into Mr..
Rockefeler's Bible class who would rather
have a tip on the market than information
on how to be good
Evening star., 1904-01-23

Mr.. Bryan must be given credit for the
fact that he doesn't talk as much like a
guide book as some OF the people who make
quick trips to Europe.
Evening star., 1904-01-23

1t begins to look as if president of the
steel trust has a comparatively easy time
while in Office. and most of his trouble be-
gins when he resigns and faces investiga-
Evening star., 1904-01-23
The Difference.

From the Chicago Tribune.
AS to the southerners who want the Pan
anna canal and their United States senators
who don't want It, the difference is that
the former are not playing politics.
Evening star., 1904-01-23

People who can find no other cause Of
distress are now reverting to the theory
that hard times arrive every ten years.
Evening star., 1904-01-23
SHOOTING STARS.

Mike" said Plodding Pete; IF you was
to git suddenly rich, would you git proud
an naughty
mo. De fust ting I'd do wit de money
would be to buy brewery. An FUN dat
time on I wouldn't realize dat was rich"
Evening star., 1904-01-23
Too Far Away.

They say there are people on Mars, way UP
there.
Perhaps it is true, but / really don't care.
For I find as 1 view our own populous
sphere
Ell never know half of the people down
here.
Evening star., 1904-01-23

Korea wishes it could have had Panama,s 8
luck in having a question of right of way
settled.
Evening star., 1904-01-23

1t Is one OF the irones OF fate that when
oysters are best the ice stops navigation
and they are hard to get.
Evening star., 1904-01-23

Japan is still confident of it's ability to
put a ring in the nose of the bear that
walks like a man.
Evening star., 1904-01-23

Mr.. Carnegie's iceas about wealth have
not led any of his millionaire friends to es-
tablish get-poor-quick concerns.
Evening star., 1904-01-23

No doubt Dr. Parkhurst suspects that
New York would realize his worst predic-
tons if he did not keep a watchful eye ON It.
Evening star., 1904-01-23

There is some fear of a peanut famine.
Possibly such an aff1iction would be mod
Grated by a decrease in indigestion.
Evening star., 1904-01-23

1t is not easy to say just what kind of
weather is due, but its quality is always
emphatic when it arrives.
Evening star., 1904-01-23
Pickwickian.

From the Savannah News
"In a Pickwickian sence" Turkish re-
FORMS and Russian promises are inter-
changeable terms.
Evening star., 1904-01-23
Blame for the Chicago Disaster.

AS usual the rivalry for vice presidential
mention is very mild
Evening star., 1904-01-23

The people who predicted all kinds of dis
turbances in Cuba are stiIl waiting for
something to happen
Wauwatosa news. [volume] (Wauwatosa, Wis.) 1900-1948, 1904-06-11


4 Dime Thimble party win be held
at Inc home Of Mrs. Clarence Schneck,
under the direction Of the Ladies' Aid
society Of the NJ Z. church, ON next
Tuesday afternoon, June l4th, from .
to o'clock.
The Wisconsin board of managers
fos the st. Louis Worlds Fair have
eiasen June 99th as Wisconsin day.
The railroads have practically agreed
to saalse one fare rate for return trip
from an points in Wisconsin for week
frcm June 26 to July 3.
he marriage of Mr.. Otto Garvens
and Miss Martha IIabermann took
plase at the st. Johns Lutheran church
on Saturday evening, June 4th, Rev
W3a RAIDER performing the ceremony
Tbs couple win reside at the Gunder-
mal place, Alice street
llED- Dolores Guilia, l6 months old
daaghter of Mrs. Theresa Rassett, Mon
das June 9Th after an illness of thir-
teen hours, at the homo of Mrs Bas-
sets father, Leonard Zach. The fu-
ne was held on Wednesday at 9
o'cs saels p m, from the family yresidence
nea the county water works. Inter
me 4 was at Calvary cemetery.
Wauwatosa news. [volume] (Wauwatosa, Wis.) 1900-1948, 1904-06-11
WAUWATOSA HIGH SCHOOL
Commencement Week Pro-
gramlne.
Class 1904, Twenty Members.
Sunday, Jure l2th, 7:45 p. M, Bap-
tist Church.

Iaursday, june l6, 500 p m, Con-
greeational church Commencent Ex-
erci.es.
L9cture THE Mission of theSchool'
D.. John Faville.
Asmission to lecture-l5 cents
TIE Alumni annual reunion will be
hela at the Congregational church
Monaay evening. June 20
Entertainment and refreshments at
the church.
Dancing at the Guild hall,
couafy Hospital Examination Finished.
Tae examination into the manage.
mer q IL county hospital has eolne
te, The committee VIII meet
shortly for the purpose Of formulating
its report. There is little doubt that
DR. Grosskopf will be held free from
blame
The fault for the inferior quality Of
the food VIII be lodged with those hav.
ing charge Of purchasing the supplies.
DR.. Grossliopf was the last witness
examined. lie related that the patients
have better treatment than they re.
ceved at most of their homes. The
$4,000 is allowed annually for the
maintenance Of the hospital Dr. Gross
/ llopf says ne could spend 500. 900 and
not satisfy some Of the patients. Pre-
I eaDti,4na a aot,,t,a,at 20 ,tat,,.,,t h,.
Wauwatosa news. [volume] (Wauwatosa, Wis.) 1900-1948, 1904-06-11
Alpha and Wauwatosa, Royal Arcanum
10 be Consolidated

On Tuesday evening, June IA. in the
old library building, Milwaukee, The
Alpha and Wauwatosa councils Of the
Royal Arcanum viii be consolidated.
taking the name Of the former Claude
A Tnppcr viii be installed as regent
and II. z. Morse as orator, the remain
ing officers to be those Of Alpha coun-
ell as heretofore constituted An in
vitation bas been extended to an mem
bers of other councils. An interesting
program has been prepared for the oc-
casi0n and refreshments win be served
Wauwatosa news. [volume] (Wauwatosa, Wis.) 1900-1948, 1904-06-11

Subscribe for the wauwatosa News.
Wauwatosa news. [volume] (Wauwatosa, Wis.) 1900-1948, 1904-06-11

WANTED--Carpenters at BuchmaR
Brothers, 26O Alice street, Wauwatosa,
next TO water tower.
Wauwatosa news. [volume] (Wauwatosa, Wis.) 1900-1948, 1904-06-11
For Sale.

Gasoline stove New Process Case
line Cook stove, ngood condition. Com
paratively new, at one-half price. APP
ply at this Office
Wauwatosa news. [volume] (Wauwatosa, Wis.) 1900-1948, 1904-06-11

NOTICE. DR.. c. L. Chandler, the
dentist, as located in the Greenwood
block.
The Lee County journal. (Leesburg, Ga.) 1904-19??, 1904-05-20
senator bod Re.iqns.

Senator w. P. Dodd, of the forty
third senatorial district, sent his res.
ignation to Governor Terrell and it
was promptly accepted. The senator's
resignation stated only: 4 hereby
tender my resignation as senator from
the forty-third senatorial district, to
take effect at once
Senator Dodd, who was formerly the
county school commissioner of Gordon
county, was convicted several days
ago of the embezzlement of school
funds, and sentenced by Judge Fife
to serve two years in the peniten-
tiary. There were also several charges
of forgery against the senator, but
the court permitted the one sentence
Of two years to cover all charges, and
the other indictments will be aolle
pressed
After accepting the resignation,
Governor Terrell named June / as the
date on which the election for a sen.
ator from the forty-third to succeed
Senator Dodd shall be held Prompt
action is required as the legislature
will meet on June p.
The Lee County journal. (Leesburg, Ga.) 1904-19??, 1904-05-20
GEORGIA Railroad Tax Case.

The case of the Georgia Railway
and Banking Company against the
state Of Georgia, in which that corpo-
ration resists all taxes on it's prop
erty except one-half of one per cent
of it's net earnings, came up before
Judge Newman in the federal court
at Atlanta few days ago for argu-
ment.
The plaintiffs resist the effort of the
state to tax the property Of the road.
They claim that the road is subject
to a tax Of only one-half of one per
cent of the net earnings, this priv
ilege having been granted by the state
under charter given the road in 1888.
The comptroller, on the other hand,
contends that the road is subject to
exemption only on the shares in the
hands of stockholders, and not on the
actual property. Even if the charter
exempts the property, the comptroller
claims that it exempts it only to the
amount of $4,000
The Lee County journal. (Leesburg, Ga.) 1904-19??, 1904-05-20
wENTz JURORS ANeEzEo.
Take Umbrage at Statements Made
by Father Of Dead Man.

The jury of inquest that rendered
the verdict in the E. L. Wentz case
held an informal meeting at Big
Stone Gap. Va, Saturday evening, and
sent a telegram to the father of the
deceased, Or. J. S. Wentz, Of Phila-
delphia, asking whether he had made
certain statements published in recent
issues of the public press.
Mr.. Wentz makes due apology to the
jury declaring that he did not use
such terms as werc credited to him IN
the press dispatches. DR.. Wentz was
credited with intimating that the YER
iict was intended to shield the muir
Ierers of his sen, who were friends OF
he jury.
The Lee County journal. (Leesburg, Ga.) 1904-19??, 1904-05-20
Grocers to Meet in Atlanta

The convention Of the Southern
Wholesale Grocers' Association, one
of the most important of the com
mercial bodies which meet annually,
will be held this year in Atlanta, on
June s, and s. About so of the
wholesale grocers of the south are
expected to be in attendance, and
with them will come several thou
sand persons from all over the south
The railroads have offered special
inducements for those who will visit
the Atlanta convention.
The Lee County journal. (Leesburg, Ga.) 1904-19??, 1904-05-20
To Make Difficult the Land
ing of Japanese Troops.
DOCKS AND PIERS GONE
New Russian port Upon Which Gear
Has Spent over Six Millions
in Building, Is Made To-
tally Useless.

"A st. petersburg special says: Vice
row Alexief has telegraphed to the
czar announcing that the Russians
have blown up the docks and piers at
Port DaIny, Lao Tung peninsula, re
sumabIy ito render more difficult Jap
anese landing at that point. Later
kilograms received indicate that the
whole of Port Dalny has been destroy
ed by the Russians.
Port Dalny, on TaIien-Wan Bay, on
the east coast of the Ilao Tung PENN
sula, was intended By Russia to be the
chief commercial emporium Of its east
ern dominions. An edict providing Tor
it's construction was issued by the Rus
sian emperor July 80, 1899, and Port
Dalny, fully equipped with all mod
ern Improvements, docks, warehouses
and railroad facilities, was opened to
commerce in December, 1901.
Tahen-Wan Bay is one Of the finest
deep water harbors on the Pacific. It
is free from ice in winter time and
ships drawing thirty feet Of water can
enter at low tide without difficulty and
without the aid of pilots can sail or
steam alongside the immense docks
and piers, where their cargoes can be
loaded into railroad cars and run di-
rect for six thousand miles into the
city of st. Petersburg.
Five large piers had been construct
ed, each supplied with numerous rail-
road tracks and immense warehouses
and elevators, gas, electric lights and
water and a large breakwater was be-
ing constructed so that ships could lie
at the piers and load and unload re-
CARELESS of weather. Docks for foreign
vessels, steam and sail, extended be-
tween the piers and along the shore
for two miles. TEere were two irst
class docks, one for ordinary ocean
steamers and the other designed to &C
commodate the largest vessels of war
or commerce.
Over 100000 had been expended
on the harbor system before the end
of 1902, and it was estimated that the
cost Of completing the works would
be nearly s2O,OOO,000, but this does not
in any way represent the total cost
Of the erection Of this great CONNER
cial port, which with Port Arthur, dis
tant about twenty miles, was leased by
the Chinese government from Russia
in 1898.
Nearly $4,000 men were employed
daily on the work of constructing The
port and town The total population
has beens estimated at about $4,000
mostly Chinese Japanese, Koreans
and Russians.