Evening star. [volume] (Washington, D.C.) 1854-1972, 1905-06-04

L
/ This single company pays its executive Of
| fcerS nearly three times as much annually
| as the government pays the President and
the nine members of his cabinet, they re-
| ceiging only $4,000.
| *
| The governing committee of the stock ex-
| change has officially decided that buyers
! of stocks must pay the transfer tax of 81
| per 100 shares. this to be in addition to the
regular commission of $3.50 each way. 1t
/ is too early yet to form judgment as to the
| effect Of the stamp tax on speculative bust
| ness. Opinions differ radically on that
! point The public would like very much
| to see the tax paid by members of the ex-
change. but the latter will not stand for it,
| holding that they are poorly paid as it is.
Lofty intelligence is seemingly not abso-
| Iutely essential to the creation and pos
| session of large fortunes. A story in Illus
! tration of this point was told by the promo
| ter of big exploitation enterprise which
| was being hacked by a syndicate of Pitts
| burg and Cleveland millionaires- They had
| put something like 81 100000 into the pro-
| ject and a bond issue of 50, 900, 900 was under
| discussion. Some of the hackers demurred
| to this and said they had rather add to
| their stock subscriptions than load down
| the property with mortgage debt. 1t was
| mortgage 100000 instead of s3.000,0OO. the
bond covering the entire property as orig
| inaiy contemplated. One of the syndicates
a retired Pittsburg manufacturer rated at
| ST,t00,0o0. startled his associates by an ex-
preston of dissatisfied on, advancing the
novel plea that while he was prepared to
| put S25o,000 into $3,000.000 mortgage he
| hao doubts as to the security of his money
| IN the smaller amount. 1t was explained
| to him that the security was just six times
| as good in the 100000 mortgage as in the
| one for 600, but he was utterly unable
! to comprehend this sample sum in arith-
meric and withdrew his subscription He
| may be $4,000 ahead al that
=
Washington advices float through the
| street to the effect that several railroad
| presidents are to help Senator E.kins to
| frame a railroad bill to be submitted by
| his committee when congress meets next
| fall. A composite effort of that sort ought
| to be entirely satisfactory to the common
people The Observation-Disclosures of gift-bear-
| ing Greeks is traditional
*
| story is persistently going the rounds
| that Col w. G. Greene is to be made the
| object of vicious and relentless bear at
| tack In the language of one of the gos-
| sig corps, "a four-horse wagon is to be
diiNVA l4iApuSH tIIttle copper anu every
thing else that bears Col. Greenes la
bel. According to the rumor H. II. Ross-
ers and others of Amalgamated Copper are
to engineer the hostile movement. The
story is generally discredited, for the rea-
son thai Mr.. Rogers is known to have come
to Col. Greenes rescue with a very large
sum of money tSome say S4,000,040) at the
| time of the Lawson raid last December. A
year or two before that the Amalgamated
Copper crowd did get after Green with the
avowed intention of taking his copper prop
critics away from him, but at a critical
moment Phelps, Dodge & Co came to his
| help and defeated the aim of the Standard
Oil party. Subsequently there was recon-
Citation between Greene and Rogers, and
if a split in relations has now occurred
close friends are in ignorance of the fact.
Wall street has been invaded by evan
eelists who expound the gospel every noon
hour from wagons and automobiles
chored in conspicuous places The favorite
street pulpit is on Broad street, directly
across from the stock exchange, and here
each day may be heard words of urgent
demand upon the fnanciers and spectators
| to take heed lest they lose their immortal
souls. Down to the present writing the
record does not show any perceptible i'm
provement in the morality of the district.
The missionaries persistent lot, how
ever, and may yet make an impression.
One of the evangelists scored a hit with
the millionaires by announcing it sin not
to make money if the opportunity is gre
scented for getting the coin honestly.
The National Lead has decided to in
crease it's capital stock $40 OG0, 900, of which
SO 00000o will be preferred and $40 900 900
common. This increase is supposed to be
for the purpose of consolidating with the
United Lead Company (the Guggenheim-
Standard Oil concern), although no official
announcement to that effect is made. Thus
ends all talk of to the knife between
these two rival corporations. 1t is yet to
be disclosed however, which company swal-
lows the other. The gamble is that the
Standard Oil crowd will ultimately appear
as the swallower.
Mr.. Hartman has reconsidered his plans
for a foreign tour extending over a period
of six months. He now declares that he
will remain in this country, and the cynics
of the street say he finds it advisable to
stay here in order to keep watch on his
ancient enemy, James ]. HILL Mr.. Jill
will also remain within speaking distance
of the home base. although scheduled for a
short salmon fishing trip to Labrador In
ctdental to the gossip about Mr.. Harrin an
1t is reported with fair show of authority
that he is TO retire from the presidency of
several of his corporations and tighten his
duties by taking the Craftsmanship of their
executive boards.
Backers of some of the bucket shop sys-
TENS busy in the stock market these
Gays. They find it comparatively easy to
ris prices up or down point or two on
special stocks, as their interests may die
tate and they are accused of doing this
very thing TO the sacrifice of their custom
ers- God forbid that the bucket shop should
be guilty of such an unsportsmanlike pro-
ceeding. II would naturally be expected of
them that they would sit still and allow OPP
portunities 10 escape for pluuderng the VIC
Tins who patronize their game.
About s40.eO0.d00 will be dishursed this
month in dividends on railroad ana indtts-
trial securities. an increase of so.0O0t0o
over June of last year.