davidaulloa/AmericanStories huggingface dataset:
The Montgomery advertiser., 1905-12-31

mild and immediate effect O Root. the great kidney ant !. remedy. is soon realised. Il
 the highest for its wonderefu of the most distressing cases Root will set your whole sys' ght. and the best proof of this ial.
 "5s Cottage St.. Meirose. Mass. Sir:
 r since I was in the Army, I had r less kidney trouble, and within st year it became so severe ard lated that l suffered everything as much alarmed--my strength 2 wer was fast leaving me. saw iertisement of Swamp-Root and asking for advice. I began thf the medicine and noted a decided gement after taking Swamp. l.
 short tinne.
 ntinued its use and am thar Il.
 that I am entirely cured asG
 In order to be very sure a 8 had doctor examine sorn Jl ter today and he pronount ! ltsand in. splendid condition , now that your Sw Amp-Ropi # : vegetable and does not conts kEnful drugs. Thanking yc 1plete recovery and recomr zmp-Root to all sufferers. I
 very srqiy yours,
The Montgomery advertiser., 1905-12-31
N. l.. on every Dottie.

 DIT0RLAL NOTDn order wonderful merits
 
 
  of dysed
The Montgomery advertiser., 1905-12-31
$IOOO REWARD
Is offered as a guarantee that neither Dr. Pierce's Favorite Prescription
 NOR Or. Pierce's Golden Medical Discovery

contains alcohol, opium, or any harmful ments concerning their ingredients will be prosecuted. Doctor Plerce's Family Remedies arc compounds of medicinal principles, scientifically extracted from native roots that cure the diseases for which they are recommended. They are medicines which have enjoyed the public confidence for over third of century. They are medicines not beverages, made to satisfy craving for sbooze."
 Golden Medical Discovery" regulates and invigoraoeS stomach, liver and bowels, and cures dyspepsia, purifies the blood and tones up the system generally.
 "Favor,te Prescription cures femala weakness. irregularities, austinR drains, pGtli'l periods and kindred aiI, ments PecuilGr to women. Accept no substitute for these medicines, each of which has record of marvellous cures Substitution means selfshness on the part of the dealer who is looking for the greater profit on an inferior article.
 WOur daughter who was attending college became very nervous and we were advised writes Mrs M c. Fox. of 57 E. Leonard St. Grand Rapids. Mich. rWe did so and then you advised us to get the. Golden Medical the Prescription and three of the 'Goiden Medical Discovery. and you never saw such @ change in person. She said she did not feel like the same person She was about seventeen years old at the time. I will gladly recommend pr. Pences medicines to every one. advise parents who have young to try pr. Pierces FayoHte Prescription at once. am sure 1t will hap them.8
 @RR1 mn GIVEN AWAY, in copies of The Peoples CHnmon Sense Medical Adviser. book hat sold to the ex- tent of 5O00o0 copies a few
 wears ago. at Sl.50 per cbpy. NE
 Last year we gave sFVay ] < ! ble hools. This year we shall Pscl1ES Eve away ob0.00Q woTth of SnA. essIl thefn. win y@e1 share .nAhis B3 Ea;ss bene6tf If 60. send o1IE 2I NNEeN Gnshssl one-Cent stamps tp covsreost
 of mailing only for boot irl Sti6 paper covers. or Sl &anps for cfoth h-bound. Addrssl pr, E E. X Riarca. BuRAlo N k MIkU
Waterbury evening Democrat., 1905-02-22
A Timely Rap.

... A Timely Rap.
 Nell-Somebody told me to-day that was handsome.
 Belle-When was that?
 Nell-To-day. ..-.,..,...,r I@ Belle-No; l mean when were you handsome?-Chicago Journal.
Waterbury evening Democrat., 1905-02-22

came here they were aggressive and en- thusiastic young fellows, of the type that is liked in Wall street, and they quickly made friends. MT. Loomis was one of these. and Leach another, and both of these are names to conjure with in financial circles. Loomis became chairman of the syndicate's executive committee, and it was through his in- tluence that the loans were obtained from the National City bank.
 Reputed a Millionaire.
 The friendship of men like these brought other friends to the brothers. and before long George Munroe was reputed to be millionaire It is said he lived at the rate of from $50, 1000 to Sl0Q,OO0 year. this young man who only q little while before had been & haber- dasher. He had a luxurious home on East Fifty-seventh street. and another at Southampton, L. l., and often he oc- cupied suite at the Waldorf-Astoria.
 A Costly Junket.
 He always did things in lavish fash- ion. When Montreal & Boston was at the height of it's exploitation, Munroe thought it would be good plan to let those whom he was trying to interest in it see the actual mine property. Now, it lies away off in British Columbia, on the foothills of the Selkirks, and it costs money to take party out there. He never considered the expense. A pri- vate car was chartered, loaded with everything of the best in the commissary line, and the junketers started away. George could not go, but Alexander took charge
 The party included senators, bankers. politicians, and newspaper men-every- body, in fact. who might be of some aid in advertising the mine.
 They stopped at various cities on the way out and had jolly time
 Not Unlike Fiction.
 The revelations in the Munroe case make it not unlike the story told in ono of Emile Gaboriau's novels in which a Parisian set of men in the sixties who needed office furniture rented it by the week from firm whose business it was to outfit people who needed sumptuous offices temporarily.
 The firm Gaboriau pictured could. on short notice, give any office the appear ance of glittering wealth. It rented out massive desks, cashiers grills. safes and pictures. It kept constantly on hand supply of curios for special purposes mineral specimens for mining con- panies, oriental curios for people in ths China trade, and chunks of crude rubber for rubber companies. Such objects. scattered carelessly about the office, gave an air of busy industry and genuineness to any old enterprise.
 But it is not necessary to go as far as this in these days, as it is shown in this case that modern finance has brought improved methods.
Waterbury evening Democrat., 1905-02-22
The Beginning.

Until about four years ago, George and Alexander Munroe kept a little haberdashery shop in St. Catherines street, Montreal. They were quite young men and apparently devoted to their business.
 It was generally understood that they received financial backing from J. N. Greenshields, a prominent Canadian broker of that city. George Munroe married a sister of Greenshields and through his influence the brothers were introduced ill good circles. There had always been speculation as to whether or not the haberdashery store prospered. but one day it was announced that the time the mining craze was springing up over the country, and the brothers went down to the financial center of Montreal, opened up an office and put out sign, "Munroe & Munroe. Mining Brokers"
 Move to New York.
 Although they dealt in few stocks on Soli hliSoioli. IL W uo ally CouCCutN that their chief business was the hand ling of mining stocks in which Green shields was interested. Even in the mining business, however they failed to attract any attention in Montreal, and not long afterward they came to New York and established themselves on Broad street, in the very heart of the financial district
 While in Montreal they had become connected with the Marconi Wireless Telegraphy company, of Canada, and, as 1t was understood that the stock was valuable, they began to advertise it ex- tensively on their arrival here, and worked up a wonderful trade among the Italians. who were attracted in part. no doubt, because of their kinship of na- tionality with the inventor.
 Meantime the Munroes had also be- come interested in the Montreal & Boston Consolidated Copper company, which is at the bottom of the present
Waterbury evening Democrat., 1905-02-22

the biggest stock market coUps in the history of the curb.
 A scheme was formed to have the stock of the company underwritten with the special provision that the work should be done by stock exchange firms. as Munrce & MunrOe were not members of the exchange The stock was of par value of five dollars a share. and a con- tract was entered into by which the per sons uho were 10 underxrite it were to get the stock at one dollar per share
 Various persons vent into the synGI- cate, with the provision that they were to take or urCervrite certain number of shares- paying one dollar per share 7o per cent Of the purchase price. al the outset and the balance within cer- tzip specifies nRleS
Waterbury evening Democrat., 1905-02-22
Operations of Munroe Brothers. the "Laun.
 dry' Brokers in Wall Street.
BEGAN ON CAPITAL OF Sl6O0.00
Before Many Months the Two Young Men Were Dealing in Millions and Hobnobbing With Gothams Most Influential Men
 Their Dreams of Wealth
 Rudely Shattered

New York.-"Faiure in Wall Street" This is headline that is often seen in Gotham dailies, but it seldom creates much comment. It only records the fact that another firm has been caught on the wrong side of the market and forced to suspend.
 But the bankruptcy proceedings re- gently instituted against the Munroe brothers reveal a remarkable story of the operations of two young men whose only business experience before their advent among bulls and bears had con- sisted in the selling of collars and neck ties in a distant and virtually foreign city, who came to New York with prac- tically no capital and in the course of few months were dealing in millions and negotiating with some of the most influential financiers of the street" |" until the inevitable crash came.
 They hobnobbed with millionaires and some of the best men of the metrop-
Waterbury evening Democrat., 1905-02-22
WATCH FOR FRIDAY NIGHTS 40.

The understanding was, however, that those who had underwritten the stock would not pay the one-dollar price unless the money became necessary for the development of the mining property. the promotion of stock sales. and so on. That is, while they agreed to pay cer- tain amount should the exigency arise, if it did not arise they would be so much more to the good
 Resort to Washing.
 Brokers who were members of the ex- change were readily found who were willing to dispose of a certain number of shares month, and what they received was to SC 50 per cent to them and 40 per cent. to those who had underwritten the stock in the beginning. It was then decided that in order to sell the stock at a price above one dollar per share, it would be necessary to resort to the process known as washing"
 In other words, they agreed to them selves purchase the stock at high fig- ure, in order to set that as the market rate. Par being five dollars, and they having obtained it at one dollar, they arranged for street sales at $2.50 and B. themselves buying at that rate, in order to show that the stock was active and to induce the public to buy at the same price.
 In point of fact, SO as to make a show ing of large sales. those who were sell ing the stock were themselves bidding on 1t, all the transactions being credited on the books. It has been shown that, lured by this system, one outsider bought 50.000 shares, at from $2.50 to 8.
 In disposing of the stock, Munroe & Munroe washed" about 3,O00,O00 shares or more in the process of getting rid of about 1300o0 shares, for which they are f said to have paid the company not more than $l30,O00 in all. The brokerage on raising this $130,000 is more than $100,- O00 because they had to pay commis- sions on the whole 3,00O.oOO shares.
 How Sales Were Made.
 The Munroes would give orders to cer- tain brokers to sell and to other brokers to buy. When they sold they would get check the following morning, and then they would use that check. turning it over to the brokers they had employed to buy. The result was that December z, the day of the failure, they received checks in payment for the stock sold the day before. and they used these checks to pay for stock they had bought the day before. but when it came to their paying for the stock they bought on December :. they had not the money: the endless chain" broke. the Munroes went into bankruptcy, and all these per- sons are creditors for the stock.
 Before this situation was reached, however. the Munroes had their day of prosperity. or, rather, George did. for he is the head and front of the combina- tion. even though his brother was sen ior member of the firm. When they
Waterbury evening Democrat., 1905-02-22

had sold goods to the National City bank With that reference there seemed to be no doubt that the firm was financially good" The furniture concern sent up $500 worth of goods. together with a bill. Munroe & Munroe made a few more purchases in the course of week, raising the bill to S3S9
 The bill wasn't paid in October Still the furniture man didn't think it worth while to press such excellent GUS toners. In November a short and very polite reminder was sent. Noanswer.
 And still McHugh & Co. were not wor- ried until. on December 2. along came a collector for another firm to whom they were also indebted, who had heard that McHugh had trusted Munroe & Munroe; also that things didn't look quite right. He dropped in to give friendly little business tip.
 Joseph McHugh decided to brook the possible wrath of the National City
Waterbury evening Democrat., 1905-02-22
600 WH I'VE

oils and saw visions of wealth beyon the dreams of avarice for themselves. but, as a shrewd veteran of Wall street said, "the game grew too big for them"
 Plan of the Brokers.
 James StilIman. president of the Ma tional City bank. describes the transac- tions by which Munroe { Munroe, the laundry" brokers. obtained from the bank a daily joan of $6O,000 for eight days on an unindorsed and unsecured de- mand notes for the purpose of washing hundreds of thousands of shares of Mon treal & Boston Consolidated mining stock in the curb market, as the act of a junior officer of that institution.
 That junior officer was Archibald G. Loomis. second vice president of the bank and the leading member of the Montreal and Boston underwriting syn dicate. Of course there had to be some body upon whom the responsibility could be placed by the public for the unusual transactions. and the curiosity of men on the street was satisfied when MT. Loomis resigned.
 It should be said, however. that in the transactions the bank was in no way dis credited. The $6O,000 borrowed were paid back by Munroe & Munroe before the close of banking hours each day, so that the bank lost nothing
 An interesting phase of the negotia- tions was that the Munroes. unknown and untried youths. became close per sonal friends of Loomis.
 Began on Capital of S1.60o.
 The worldly capital of the Munroes when they quit the genteel occupation Of gents furnishers in Montreal to take up even a more genteel occupation in New York. was about $l ,660.
 The furniture in the office would have cost more than that-if it had been paid for. and reflected great credit upon the good taste of the gentlemen. The desks were of the finest and most expensive make and the furnishings lavish. There was grill Of chastsly ornamental iron work which confined the cashier, and probably kept him from absconding with the firms heavily bonded debt. The furniture included a set of big easy leather-lined chairs and an impos- ing sofa. There were other tasteful touches about the place. and everything suggested to the uninitiated that untoid wealth was at their command
 But it was these same furnishing that first brought the trouble that result ed in bankrupcy proceedings.
 Bankruptcy Proceedings Instituted. About October I. Munroe & Munroe , approached McHugh < Co. They want ed a bill of goods sent up to their Broad street offices
 They mentioned as reference the Ma tionaI City bank the institution whica afterward lent them ssp.0co daily on their unsecured notes McIIush & Co
Waterbury evening Democrat., 1905-02-22

from the sberiff-s office in charge of the place.
 In the week between the delivery of that check and it's return with the two fatal letters across its face Munroe x Munroe had quit laundering copper stocks and gone bust and the law had taken possession
Waterbury evening Democrat., 1905-02-22
All,s Fair. Etc.

EsmeralGa-what did Gwendolen say abou; my getting Jack Hzrnsum aFay from her.
 Miss Tartur-O- she aemires your skill. because yoa had so many natural disadvantages to overcome She says yoa prxctieed a kind of mental jia-jitsu sa the poor fellog--Chicazo Tribune
Waterbury evening Democrat., 1905-02-22

bank and sent a collector down to Mun- roe & Munroe. Why, certainly said that firm. obligingly. and drew at once a check for the full amount on Mon- treal bank.
 McHugh & Go. deposited the check that afternoon December - and thought no more of 1t for a week. At the end of the week back came the check marked IN. G."
 A member of the McHugh firm went down to investigate. He found a clerk
Waterbury evening Democrat., 1905-02-22

situation. After the smash in copper two years ago, however. they had hard row to hoe, and little was heard of them in connection with this company They nevertheless kept the Marconi stock to the front. and when there came revival of the demand for copper abroad, their prospects frightened.
 Lay Plans for Coup.
 They reorganized the Montreal & Boston, got some other properties to- gether, and then laid plans for one of
Waterbury evening Democrat., 1905-02-22
Absolutely Truthful

BacCn-He says he doesn't owe for thing he wears between the crown Of ms head and the soles of his txo feet
 Esbert-why. he owes for the wig he wears and also for the shoes,
 Wei. those things are outside of the territory covered hy his statement -Yonkers Statesman
Waterbury evening Democrat., 1905-02-22
In Doubt.

You enjoy classical composition more after you have heard it a few times"
 rox, whether l enjoy it or whether I get used to it and don't notice it so much. Star.
Waterbury evening Democrat., 1905-02-22
True to Her Sex

TTUe to t1eT 0eX.
 Fred-How did she come to accept you the second time you proposed?
 Joe-Why, you see, her refusal the first time proposed made me feel aw- fully cheap, and. womanlike, she couldn't resist the opportunity to secure . bargain.-Chicaeo News.
Waterbury evening Democrat., 1905-02-22
An Eve to Business.

Head of the Firm was just going to discharge that bookkeeperwhen he mar" ried rich widow.
 Friend-Well, it's all the easier now. Heavens! I wouldn't do it for any, thing now. We need her money in the business. Life.
The progressive farmer and the cotton plant., 1905-01-03

crop. The world needs every bale of
this cotton. and needs it bad, and
most of the manufacturers are will
ing to pay fair prices for it; and we
can get it by the proper course.
There r two things we have all
agreed ON so far: to hold the balance
of this crop with a death grip and to
decrease the acreage next year at
least 25 per cent, if not more-these
are the two most important steps to
take just now, and they must go
hand in hand or your effort will not
be worth a row of pins.
In the meantime let us go to work
and get every manowho grows cotton
in line, and by a mighty organized
effort we can get what we ask for.
1t is a mighty task, I will admit.
but the time is ripe for it.
S. III. HOBBS.
Sampson Co., N. @.
The progressive farmer and the cotton plant., 1905-01-03
Prevention and Cure.
Sampson Co., n. @.

Messrs. Editors The only chance
for the success of the farmers is in
planting small crops. AS we'll try to
organize-Satan and his force for a
prayer-meeting as try to organize
the farmers. If the lessons which
they should have learned from short
crops will not cause them to plant
and make less, or put no more on the
market than is needed at good or
living prices for the producer, they
cannot be relied upon to stand by a
pledge they would make. The out
look is for a large crop of tobacco
next year in Eastern North Caro-
lima. The cry will be, "Hold your to-
bacco.". Better plant small crop of
cotton and tobacco and take and read
more good farm papers.
ISAIAH CARVER.
Nash Co., N. @.
The progressive farmer and the cotton plant., 1905-01-03

The Census Bureau has issued a
report giving the quantity of cotton
ginned in 1871 counties up to De-
cember 18th, last, as 11,986,614 run
ming bales, which is the equivalent of
11,S4S,113 commercial bales. The
commercial bales reported to the
same period for 1903 amounted to s.,
TAI, 1859. In arriving at the number
of commercial bales, round bales are
counted as half bales.
The report to the same date last
year covered S12 counties, as against
1877 this year. The report for the
present wear covers the output of 90
657 ginneries, while 29,521 were in
cluded in the report for 1908. The
product of the different States for
this as well as last year in running
bales, reported to December 18th, is
as follows:
The progressive farmer and the cotton plant., 1905-01-03

prepared statistics show that three
fourths of all the deposits in Geor-
ria banks. outside of Atlanta and
Savannah, belong to the credit of
Georgia farmers. Three dollars out
of every four On deposit is farmers
money. What is true of Georgia is
also true of the other cotton States.
Farmers can get all the money need
ed from our banks on cotton in
storage.
But I urge farmers to borrow as
little none as possible. Economic,
do without, and suffer inconvenien-
fences for a few months in order
to prove to the world that the south
can maintain herself in this fight
and that we can prevent the Eastern
property.
Thousands of farmers can hold
their cotton without financial help.
Help n another in this day of
trial when the future of the South is
at stake, and we must win or go down
in everlasting defeat.
WALL STREET NO LONGER ALL
POWERFUL.
It is reported that the Eastern
bankers are preparing to call in
Southern loans from all banks in
the South so as to force if possible
a sudden contraction Of currency
and to force our local banks to
force their customers who have
borrowed money on cotton to throw
this cotton on the market. But
Wall Street no longer holds the
purse strings of Southern bankers,
and they no longer dictate the pol
icy of the South's financial bust
ness. But all goes to show how
hard and persistently the East is
trying to continue it's domination
over the South. Show them the true
Southern spirit and that the farmers
of the South have at last carved out
their emancipation from the Gar
like domination Of Wall Street.
Listen to no proposals from buy
ers, except when they offer you ten
cents per pound for your cotton.
When prices advance sell your cot
ton slowly and do not at any time
rush it upon the market. Those
who are strongest in the South had
better carry over two million bales
of this crop and reduce the acreage
for next year SO per cent than to
sacrifice cotton at present prices,
which are below the cost of produc-
ton.
THE NEW ORLEANS MEETING.