davidaulloa/AmericanStories huggingface dataset:
The Birmingham age-herald., 1905-08-20
Southern Stock Benefited.

Southern railroad stocks are feeling strongly the impulse of good buying con sequent upon the crop outlook In that section of the country the last Of the great crops are practically safe, and rail- roads can look forward safely to an inn mense tonnage and to unparalleled local prosperity. Corn throughout the middle belt and spring wheat in the northwest have not yet entirely passed the danger line but in the south and southwest there is almost perfect insurance of whatever is now in sight General business con- ditions continue to be encouraging In every sense and healthful. The future of the money market seems free and clear for the remainder of the year at least. Less market interest than one would think attaches to the peace negotiations, although everybody keeps watchfui eye on the envoys of the two warning nations and when conclusions are ieached great many conservative people who are now holding back will be prepared Tor action.
 The bull pool in Missouri Pacific ana other Gould stocks has at last got oown
The Birmingham age-herald., 1905-08-20
Copper Producers Happy.

Copper producers are in high feather these days. Amazing reports come from the Inside about the earnings of some Of
 the mining properties. There has never
 been a time in the history of the trade
 when the demand and consumption Of copper was as large as now. The special ists agree that stocks of the metal are very light and that supplies in the hands
 of spectators are insignificant. There is in fact a narrow span between producers and consumers. and the demands from
 the latter are very urgent For the most
 part mines are sold to the limit of out put for many months ahead, contracts for large amounts extending into next year. The extraordinary activity in elec- trical development all over the world Is accountable to a considerable extent for the boom in teh copper market but aside from that the uses to which the metal are employed are multiplied and enlarging The time was not so very remote when the experts were full of gloomy fore bookings over the black prospects for mine owners. They saw new mines being open ed every day and predicted that before long copper would fall to a level which would make the mining industry unproflt- able For a while stocks did increase heavily and the burden of carrying them depressed prices to low point For three years. however, the trend has been stead- fly upward in the face Of an immense increase In the aggregate yield of the. mines and Tn the face also of certainty that new deposits almost limitles In ex- tent are being uncovered. Of course, there may be such thing as over production of copper again but there is nothing in the present situation to arouse alarm on that score among the mine owners and at this moment there are no industrial stocks on the list which command higher favor with the public than the standard copper" There are several of these which are at present engaging the attention of the public and in which good advances have already taken place, with indica- tlons pointing to further improvement as new development goes on and new smell ters are installed On the curb where most of the copper stocks are dealt in Heinzes United Copper seems to be the prime fla vorite having already enjoyed a rise of about $10 within the last few weeks
The Birmingham age-herald., 1905-08-20
Northern Pacific Story.

A highly interesting and hitherto un-
 published incident of the famous North
 ern Pacific corner is being told in Wall
 street for the first time. It is credibly fathered and sounds like a true story. It tells of the manner in which J. P. Nor gan, then in the very zenith of his fame and power, was brought to a sharp
 realizing sense of his helplessness in the face of a combination of gigantic Lon don banking interests. The corner was under full headway on the New York stock exchange and in the contest for control Northern Pacific had been run up from s125 a share to $1.0oo a share and half way back Wall street was in panic and ruin confronted half the members of the exchange. The Morgan- Hill party and the Harriman-Schiff party had possibly 100000 shares bought which the sellers could not deliver. A great many men. some of them multi-mllion- aires had sold themselves into hole and were willing to pay any price for re- lease. The stock advanced 100 points be- tween sales. One of MT Hill's trusted lieutenants and a director of Northern Pacific could not withstand the tempta- ton and let go of his holding of 1,500
The Birmingham age-herald., 1905-08-20
Taking Inside information.

Despite the supposed quickening of
 conscience in wall street due to the pub licity attached to recent insurance and other scandals, the millinium period has not yet arrived in which directors and
 other corporation insiders do not take advantage of advance knowledge off-
 cially obtained. With the chance always before therA for making market turns on inside information. men would rightfuily
 be entititled to place in the angel host if they did not avail themselves of facts coming under their observation in ad- vance of the general public or the gen erality of stockholders. This is one of the things which no amount of preach ing or conscience awakening can change. And after all"where does the real harm come in If directors and insiders buy stocks for speculation in their own com panies?' is question often asked. When they go into the market to buy the pro- ceeding effects the entire capital stock and every holder of share benents py the uplife. Not every shareholder even if fully advised of the facts known to the
The Birmingham age-herald., 1905-08-20
MORGAN'S BLUFF CALLED BY LONDON Story of a Corner in Northern
 Pacific Stock COPPER SITUATION GOOD The Producers Are Happy and There Is Great Demand for the Metal. Southern Railway Stocks
 Arc 7uoyant.
BY ". e. NICHOLAS.

New York August 19-Every time the stock market has started strongly up- ward 1t has been met with some free of- fering of long stock. In most cases the selling was for account of spectators who had bought very much lower down and who were simply taking advantage n the situation to realize profits. The effect has been to stop the growing fever on the part of the outside public which is
 precisely what the big banking interests md the conservative element wanted
 The fundamentals continue bullish, and every indication points to an advancing market during the last part of the year, but the most important interests are openly averse to getting the big broad public into the play too soon or on too large a scale The record of 1902 and 1908, telling of the calamitous results of too much miscellaneous company are freshly in mind and the market leaders have no desire for q repetition this early in the day. Of course immense lines of securi- ties will be for sale on any sensational advance which may occur and 1t is equally certain that there can be no such market rise without public enlisted in the speculation. Usually bull movement climaxes with a public wild to buy, and it is just at that physiological juncture that by common impulse the great bank ing and investment interests unload their speculative lines and take their profits
 Some times the momentum carries prices up after the rich men unload but eventually the absorptive power of the market becomes over taxed and the long decline sets in. Eventually prices get far enough down to attract the bargain hunt CTS and the period of accumulation be- gins The great market movements oc- cur with almost automatic regularity, one differing from the other chiefly in the ex- treme level reached. As the country in- industrial systems work into the stand ard clesses the average of prices becomes established on successively higher planes. It would appear that the situation at this time justines a belief that we are in for another upward movement of consider able importance. The public is being dis couraged by the leaders, but later on the glad hand will be extended and invitation issued to get aboard. That will mark the ringing up of the curtain on the conclud- ing act of the play. Weight at this time should not be attached to the frequently heard statement that holders of stocks f.is, working for a rise because they will have property for sale when the move ment gets under way. This feature Is always present and as an argument against improving prices Is harly worthy of consideration.
The Birmingham age-herald., 1905-08-20

shares at a profit of s2,OOo,ooo. This is the only important case of desertion when occurred during the memorable battle.
 Mir Morgan was touring the continent during the early part of this excitins period. He was summoned hastily to Paris and from there jumped 10 London, There he learned that the privleseu dealersn had sold calls on Northern Pacific to an enormous amount-many hundred thousand shares in the aggre- gate. Not being acquainted with the New York situation they could not concelVe of the possibility of corner ana hao entered into contracts with utter rech- lessness. They had literally lifted the lid-taken off the limit. The l>~aoh privilege dealers include large numper of very rich and influential men. Their connections are with the strongest bank ing houses in the city and therefore Tn the world They have what In poi1ticai parlance would be called an invlncloie .pull''. They have reduced the selling or ''puts.' and calls to an exact science. If Is their habit to protect themselves when the market goes against them by selling or buying stocks against which they Issue privileges. In this case It was irnnossilble to buy rthern Pacific after the corner developed, for the reason that nobody would contract to sell theip shares The result was they found them selves hopelessly in the gap and stood to loose tens of millions of dollars, the amount depending entirely on how high the corner might force the price on the New York exchange.
 Ruin stared them in the face In New York they had begun to talk about settlement price, 1t having appeared rnat a dead lock ,sxisted between the opposing factions. Neither side, however, was quite sure of it's position and consequent ly there was an indisposition to agree upon a figure at which open trades might be settled The Eill-Morgan party was especially stubborn. believing It had the advantage and could drag out more stock if If held up the price. It was at thls iuncture that MT. Morgan arrived In London He had no interest personally
The Birmingham age-herald., 1905-08-20
Anent "Tomv lawson.

Tom Lawson is still destroying Stand ard oil. That poor and impoverished cor poration has only distributed $30,000,OOo among it's stockholders this year. with the last quarter to hear from. Up to this time last year the Standard oil dividends aggregated s29OOc,0Oo. The prospect for the full current year Is for s40,000,000 or bet ter unless the management should hear that MT. Lawson has set some more prairies on fire in which event they may take to the woods and leave the money bags behind. The big break in the price of crude petroleum which has taken place during the last year appears not to have cut into the net revenues of the com pany. Indeed, 1t makes very little differ ence what the market price of crude is as Standard oil moves 1t quotations for products up and down, always taking about the same margin of profit from the public.
The Birmingham age-herald., 1905-08-20

insiders would care to take a. market chance-probably not one In ten-yet they have no objection to seeing the value of their holdings increase. It is urged on the other hand that real in- jury to the share holders and the immor- ality of the business is in the selling of securities by directors on inside lore knowledge. There are two sides to that feature as well as the other. It Is high ly improbable that any amount Of dls- cussion over the question will change human nature or convert railroad and put for many months ahead, contracts industrial directors and managers from human beings into saints, or give birth to an era of publicity from the promo tion of town meeting speculation for the benefit of piking tape players
The Birmingham age-herald., 1905-08-20
A Bird in Hand.
.,ublic Ieduer

From the Philadelphia Public Ledger.
 On a cabbage patch owned by a negro in a southern community. oil was found Speculators offered the negro $30.000, which was accepted without waiting to con slider another proposition, said to be worth 10000.
 What Is this about your cabbage patch?' inquired neighbor to the negro. 1T understand you have sold 1t for S20,- OO0."
 ''Yaas, that's true, bosa." replied the
The Birmingham age-herald., 1905-08-20

negro. ''Yo see. men come picking round my place an dey say dar's oil heah. Dey say, We gib yo' $aO,05o.' I say, "All right.P'
 T am told If you had waited day or two you might have sold 1t for s40,O00?''
 Vas massa. dat mebbe so; but bird in the hand S tn nobles work of Godr"
 WHEN IN NEW YORK STOP AT Gregorian hotel. Thirty-hfth street. near Fifth avenue. Refined patronage solicited. Send for booklet. s-19-80t-su-tu-th
The Birmingham age-herald., 1905-08-20

to business. This group of securities suds denly became active this week and scored quite a preliminary advance. The man. mutation has been taken out of the hands of the persons heretofore recognized as Gould agents and turned over to .tn2 leadership of the experienced MT. Wash C,onnor. If anybody can galvanize the Gould stocks into life he can.
The Birmingham age-herald., 1905-08-20

Perhaps 1t is not etched enough' send 1t to the Gawk Ersravns Co. Peopiss phone ua
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1905-06-25
a Plea For Tho Negro Laborer,
Monroe Journal.

Monroe Journal. b.s,' .t~
A great deal is being said about the
labor problem as it affects the farm
ers of the South. Many people say
outright that the neg}o cannot be
longer relied uDon as a farm laborer.
Certainly he is less steady and reliable
than in former years. bat this is. not
wholly what is causing the trouble.
The railroads, mines ana hundreds of
other lines of employment arc taking
him from the farms The negroes
that vet remain on the farms arc not
SO unsteady and unreliable as one who
gets his impressions by observation in
the towns would suppose. In every
town there are great many negroes
that lead worthless and voorhees, lives.
hut 1t is unfair to tho colored people
that do work to be judged by these
entirely. as
1t is a fact that negro labor is here
and here 70 stay. The question is. can
we improve it? We frankly admit
that this is q question that white peo-
pie have not asked themselves with
enough seriousness. We are all in
Clined to lose patience and condemn
the race as a whole, overlooking the
fact that the majority Of the indiyidu-
ais arc doing the best they can The
greatest need OF the negro is now to
be taught how TO work With fair
treatment, patience and helpfulness.
certainly he will be more willing to
improve himself and become o useful
help, than when not accorded these.
The white man has a great deal to
provoke him in dealing with the negro.
but we must recognize the fact that
this IS the inferior race, and that for
bear2nce is virtue in tho stronger.
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1905-06-25
WAF IS; HER A KISS
John Bull Gushes Over
Columbia.
A Dinner to Our Ambassador. COmpIi
ments to President Roosevelt for
His Efforts TO Bring About
pnacp
Peace.
lBv the Asgociated Presg.l

London June 23.-Whitelaw Reid
the American Ambassador, made his
first public appearance as ambassador
tonight at dinner given in his honor
by the Pilgrims Congress of London.
The gathering included of England's
most famous men with sprinkling
of American residents of London. Lord
Roberts in proposing d toast to King
Edward and President Roosevelt made
complimentary reference to Presi-
dent Roosevelt's efforts to end the war
which was received with cheeds.
To Premier Balfour fell the task of
proposing the toast to the guest of
the evening.
Mr.. Balfour said that the sentiments
with which they regarded the Ameri-
can Ambassador were different from
those meted out to the representative
of any other power. The American
Ambassador represented not an alien
power but power OF whose greatness
Great Britain was proud and whose
progress Great Britain had watched
with interest.
Referring to the peace negotiations
Mr.. Balfour said President Roosevelt
had taken the right time and used ex-
actly the right means of initiating ne
gotiations which every man in Great
Britain and every man in the civilized
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1905-06-25

to consult q doctor what medicine
would do them the most good.
He was moro than a druggist-he
was the patcntec Of several excellent
remedies that had wide sale ana
were of great merit. When MS
health failed he was preparing to or
f1nize company 10 manufacture his
special remedies on large scole.
Mr. Simpson was the head of the
first college Of pharmacy in the State.
He did not give it the name college
and had no pretentiousI quarters, but
unti the University established De-
partment of Pharmacy, Mr. Simpson
conducted an excellent school OF
pharmacy. whore mnny OF the bright
est young druggists in the State learn
ed their profession. he helped many
20 get a pharmaceutical education by
giving them employment in his drug
store. 4... tt,.;s -. 81 .s,..ss az -U ,t
From is organization until he re-
tired from business, Mr.. Simpson was
secretary OF the State Pharmaceutical
Society and member of the State Board
OF Pharmacy, and more than once rep
resented the State Pharmacists at the
national gatherings and took a leading
part in their deliberations. He WAS
one of two judges appointed to award
pharmaceutical p"iZcs at the Worlds
Fair.
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1905-06-25

The funeral Of the late William
Simpson. Esq. will be held from the
First Baptist church this morning at
ten O'Clock The Masons will attend
i'm a body.
For many years Mr.. Simpson was u
leading Mason. He was Master of
VIM G. Hill Lodge, Grand Secretary
of the Commandery, Grand Represen-
tative to the Masonic gathering OF the
world, was Grand Treasurer of he,
Grand Lodge. TIC took deep interest
in everything pertaining to Masonry.
and had taken it's highest degrees. re
was also Grand chancellor OF the
Knights of Pythias.
Mr. Simpson was one of the kindcst
and most considerate, of men. During
his long career here as druggist. he
was approached by many OF the poor
for medicine. He would hear their
statements tea them the medicine
they needed. and sell it or give il u,
them, as their financial condition
made proper, Many who have sym
pathized with him in his recent affiict-
tons have heard With deep regret
OF his death. ,,q.tr.
No person in sickness or suffering
appealed in vain to Rim for medicine
or for advice TFe WAS {ycH rersed in
medicine and could gtel those unable
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1905-06-25
The Late colonel George I. Walton

Col. VIM. S. Pearson contributes an
appreciative, sketch. of the late Col.
T. George Walton, one of Burke,s old
est and most distinguished citizens
He was a. large slave owner before
1856, and always q leader in church
and in State. He is survived by two
sons land four daughters. Mr.. ). l.
Walton. of Morganton. and Mr.. Her
bert Walton, of "Creeksde' Mrs. Z.
f. McKesson, Mrs. Charles Smith and
Mrs. j. II. Pearson, of Morgantoh
Mrs. Nelson Falls, of Washington
ID. c.. af.
Among the public services cnumef-
ated, Col. Pearson says:
"As a popular ortor Colonel Walton
was. in his prime, distinguished III
this section of the State. He repre-
sented Burke in the House of Com
mons Of 1850, and signed the west
ern Address, a notable State paper
of that day. which tended to free the
West from the long domination of the
East, led to free white suffrage, the
charter of the Western North Caro-
lima Railroad and the bencflcent
measures of value incalculable to the
Piedmont country.
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1905-06-25
PAID OUT $1,000
Last Deeds Filed, and
GIenwOod's Success
Now Assured.

The GIenwood Land Company has
purchased and paid for the entire body
of land amounting to one hundred and
thirty-three acres which they have
heretofore announced that they in
tended to acquire. The last of the
deeds were filed yesterday and during
the past week a force of men have
been busily engaged clearing up the
Devereux grove so that surveyors
could lay out the streets and establish
the sewerage system.
The land company yesterday paid
into the treasury of the Raleigh Elec-
trio Company $500, in pursuance of
the contract for extending the street
car system through Glenwood. To-
morrow the graders commence upon
the streets of GlenwoIN and the
building mover will start to move away
three small houses that were bulls di-
rectly west Of the old Devereux man
son.
The public can see from the above
that every promise that has been
made by the officers of the Glenwood
Land Company has been carried out.
1t is now expected of the city to com
mcnce the grading of Saunders street
so that the street car line can be built
promptly, The fact that Raleigh's
new SuOerD is an assured success is Il
matter of qualification to the public
generally.
1t is probable that there is no other
city in the State, where there is such
a dem and for home sites within reach
of people of moderate means and
good locations with all modern ia
cilities and conveniences as in Raleigh.
and the fact that sufficient restrictions
viii be, placed upon purchasers in
Glenwood to secure the best of resi-
dents, makes the new suberb even
more attractive than the homeseekers
had at first anticipated
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1905-06-25

world desired should end in the termi-
nation of the war.
Amb ssadot Reid, who was person.
ally known to most of those 'presehe,
received an enthusiastic reception "a
rising TO reply, ti,,
Mr.. Reid remarked that the bust
ness of keeping up the struggle TO Sc
cure friendly relations between the two
countries was no longer as urgent as
formerly. ea
lone supposcs there must be some
thing people still think we are Ike
to disagree about because there are
constant hopes that we won't. Who IN
this room can think Of amy subject the
wide world round on which Great
Britain and America have real causes
tor serious differences or dispute
Mr.. Reid said that more intimate
knowledge OF each other was the only
guarantee of perpetual peace we need.
He spoke of the coming visit of Lord
Roberts to America and predicted for
him an enthusiastic welcome Mr.
Reid closed by saying:
Whatever brings the church and
philanthropy Of the two countries to-
gether clasps the whole English
speaking family on whatever CONT
nents on lands II may be scattered in
Il single D0nd, inc strongest tldl hi9
ever held them or ever will. the bond
of the historic reverence OF the race
fer conscience and duty
Sir Henry Irving read a poem writ
ten for the occasion by Alfred Austin,
the poet laureate, The last stanzl
reads:
Our homes be one wherever we abide.
ours yours. ours yours, q free-giV u
time-long lease
Bound by not fragile parchment but
allied
"By fearless love in wcrld-embrac-
ing peace"
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1905-06-25
To Miss Mary Whitley.

Miss Margaret Tyson Lee entertain
ed Thursday evening in honor of Miss
Mary Witty, of New Bern. who is her
guest at a Salmagundi party. The
decorations were Japanese lanterns on
the porch and in the front hall.
The young ladies' prize was won by
Miss Lizzie Rogers, and boutonnleres
of carnations and asparagus fern were
given to the young men. Refresh
ments were served on the lawn after
the game
Those present were; Misses Mar
garet Tyson Lee. Mary Witty. Ruby
Norris, Edith Pou, Mary Grimes Cow