davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1905-05-07
HAS MONEY MARKET EAsEDP
How a Fall in Securities Reduces the
Loan Accountable Outlook.

From the New York Evening Post
Has the violent liquidation in the stock
market released sufficient funds to insure
easy money? Inasmuch as the price OF
stocks almost invariably governs the vol
ume of loans, a ten or fifteen-point drop
in security prices is generally followed by
quick reduction in the loan account and
greater ease in money. A borrower who Sc
cures loan of 5000 on collateral worth
$40 coo Is compelled to reduce his loan to
Sc 900 when the market value of the secu-
rites pledged drops to 5000. He can either
pay over the s. 600 in cash or put up 5000
additional Margin either will do SO long
as the twenty points margin remains intact.
In any event, however, loans will be re-
duced. so the effect Is the same
How such a readjustment of credits takes
place was illustrated during the crash of
stock market prices in May. 1901, when the
Northern Pacific panic occurred On May
H. two days after that disturbance, loans
of New York banks stood at 1897, $4,000.
but within a fortnight the volume fell off
s3S, S44.OO to sS5S,S44.000. Surplus reserves
in this interval ran up from $S,127,4O0 to
$21. 2SS 900.
In spite of the withdrawal of So. 100000
public deposits by the government, next
month"; and the similar demand for another
So, 10000 in July, many bankers think
there is little likelihood of a permanently
higher level for money being reached be-
fore September, because the ease of foreign
markets makes 1t possible for European
banks to lend heavily here whenever money
ruled around per cent. This theory takes
a good deal for granted, however and Is
contested by other authorities on the ground
that another revival of speculative activity
might easily force money TO a permanently
high basis. With the exception of last year.
when conditions were abnormal. call money
has usually touched 4, 5 and 9 per cent in
different weeks during the SUMMER. In 1903
it touched 10 per cent in July and Az per
cent three other weeks during June and
July. In 1902 1t loaned at 10, Is and % per
cent in May, touching A, 5. 6 and per cent
during June, July and August. In 1901,
after the May panic, the money market was
very unsettled, 5, g. Is and 25 per cent
being quoted for call money in June and
July. A firm summer money market is
then, recent general precedent, even In
years when, as In 1901, there had been
heavy liquidation in the springtime
Whether the precedent will now be broken
by the influence of Europe's low money
rates Is another question.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1905-05-07
TO BE TRIED JOINTLY.
Motion to Quash Indictments Against
Ohio Bankers Overruled.

CLEVELAND, Ohio, May 6.-Judge Tay-
Ter Of the United States district court today
overruled motion to quash the Indictments
against L. P. Ohliger and J. R. thinner
man, president and director respectively
of the closed Wooster National Bank. The
motion by Zimmerman for a separate trial
was also overruled. The bankers will be
tried Jointly May 10, on the charge of en-
bezzling the funds of the bank.
The several indictments against them con-
tain thirty-three different counts. Ohliger
and Zimmerman fed shortly before the
Wooster bank was closed, but subsequently
were captured in British Columbia.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1905-05-07

to the Australian wheat raisers the an
nual cost of sacks. and greatly economized
the handling and shipping Of grain. At
present we. under the bondage of custom.
buy sacks every year, handle the grain
into warehouse. handle 1t out again for
stowage into ships. By the elevator sys-
tenn there is only one handling, which is
from the field into the elevator After
that the process is mechanical entirely. and
the farmer takes his sacks home to be
stored for use another year.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1905-05-07

make up for the lack of that element in
our own grain Our experience Is net
novel Australian wheat suffered the same
loss OF gluten and did not recover until an
American cereal expert was employed by
the colonies to discover a remedy. He
happened to be mechanical genius as well
as an expert In cereals. and when he re-
giutenized Australian wheat he proceeded
to introduce into New South Wales the
system of handling grain in elevators and
exporting 1t In bulk. as it Is practiced in
our eastern wheat states. This saved
Evening star. [volume] (Washington, D.C.) 1854-1972, 1905-05-07
Talk of Hyde's Resignation Bosh.

NEW YORK, May 6.--Samuel Untermyer
of counsel for James H. Hyde. vice presi-
dent of the Equitable Life Assurance So
ciety. speaking for Mr.. Hyde, said today:
''AIl talk of Mr.. Hyde's resignation under
any circumstances is mere bosh and circu-
lated for purpose. Whatever may be the
course of others who have no interests at
stake. Mr.. Hyde has his interests and his
reputation to protect, and he will protect
them"
Evening star. [volume] (Washington, D.C.) 1854-1972, 1905-05-07
A Bank on Wheels.
From the Philadelphia Ledger.

Cincinnati is soon to have what is said
to be the first automobile bank in this coun-
try. The car Is Of chilled steel, with dou-
BILE walls and a one-inch space between. 1t
will contain burglar-proof safe, desk and
working room for several clerks. The mo-
tive power Is electricity, and the storage
battery can be charged for ffty-mile
the car is obvious-to save depositors from
sending to the bank headquarters.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1905-05-07
Proposed Light and Power Plant.

ALBANY, N. T., May 8.-The Hanover
Light and Power Company of Albany was
incorporated today with a capital of ST.
100000. to furnish gas and electricity for
light, heat and power purposes to public
and private interests in all the cities and
villages of the state exceps New York city.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1905-05-07
California Wheat Problem.

Prom the San Francisco Call.
The Legislature. responding TO the move
ment Inflated by the state board of trade,
appropriated $4,000 to meet the expenses
of the cereal Improvement commission.
which the board started 1t is statistical
fact. startling to every California wheat
grower. that In order to give our -four en-
export value we are compelled to import
annually 1900 tons of gluten wheat to
Evening star. [volume] (Washington, D.C.) 1854-1972, 1905-05-07
MUNICIPAL DIcTAT1oN.
Illinois House Voted Chicago Power to
Set Price of Gas.

SPRINGFIELD. ILL.,. May 6.-By vote Of
lis to 0 the lower house of the Illinois
legislature today concurred in the senate
amendments to a house bill giving Chicago
power to regulate the price of gas and to
sell to private consumers for heating pur-
poses surplus electricity from municipal
electrical lighting plants.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1905-05-07
The Average Spectator.

Inc average stock Spectator dearly loves
a mystery. Tipsters recognize this ana
they are SO devilishly mysterious at tirras
that to ask for details is an insult tn an
artist. Mr.. James r. Keene was the fret
man ever heard refer to a stock which
a ATE being pulled on vague rumors of
oeai broke when the deal failed To maka
an appearance, as Selling ex-mvStar,r
as one might say ex-dividend or exintar-
est, ana the phrase has been SO often used
SINCE then that 1t might be regularly print-
ed on the ticker tape The specnlatorp - saa.
fe deal Is ON That might account
t t6at Inc rise, The stock advances still more;
thdt is PROOF there Is a deal The stock
goes still higher The deal must be ver~
big one. NC very
,. The stock stock hesitates. The people who
ment The stock says. There is no ex-
PLANTATION for that. Then it is stated with
me emphasis to be expected from an in
siaer VINO Is short of the stock that there
is no deal, that there never was anv nhat
the constituencies liars have been nerni.
ciousiy active Those who bought it on
s sne s'feng,n OF the mystery sell out The
stocK declines 1t sells ex-mystery. some
or the great manipula tors use the mvstarv
argument very adroitly, but not very often
nor IN really important campaigns. In the
That never came true than the street has
been treated to In years. After a certain
point the mysterious deals ceased to stimu-
10
STOCKS had not been advanced on "noerit :;
that Is, not on dividends or earnings alone
oat on what would happen when one road
absorbed another. That and the attemnt
to unload on the part of a coterie Of nInnp
ers caused the slump.
Inc constructive financiers," men whose
stock market operations. accoriinp To
themselves. are merely a means to an end
rather than the sole object of their bust,
ness lives, almost to a man Law the bIama
for the high prices prevailing a fortnight
ago. as well as for the sharpness of the
decline, On the reckless plunging OF the
so-calied western crowd. It Is not the
first time that this group of well known
have been blamed for such things BY the
bankers and big men" of the effete east
AS a matter Of fact. II the westerners
failed or partially failed in the last stages
did in May wheat. 1t was because the
great American public no longer regards
certain big men with the awe and respect.
that they did before the Equitable Life dis
closures. or the Milwaukee bank defaIca-
ton. In addition to this, the ''big men"
were not willing to sit idly and see prices
marked up here and there by rather crude
manipulation. which seemed foredoomed
to failure because of the manifest unre-
sponsiyeness of the public to buy stocks
In bulk at the high prices
Not Good Traders.
AS rule the financial magnates or Wal,
street are not good traders" jay Gould
time and again lost money In his stock
market operations. These men can't turn
as quickly as the average Spectator be-
cause their lines OF stock are too large:
nor can they emulate the Chicago cliaues,
John w. Gates and his associates, because
they can't afford to do business that way.
| have heard a man, who ought to know.
The Waxahachie daily light. [volume] (Waxahachie, Tex.) 1894-current, 1905-12-15
REVEALED BY ALETTER
Shreveport Police Department Is Excited
Over important Discovery.

Shreveport La. Dec -. - A
letter dropped by three strangers at
the union depot yesterday and pick
ed up by Mrs L. Merritt and turn
ed over TO the police revealed a plot
of a gang of robbers and murderers
to blow up the bank at Minden. La
with dynamite, murder man known
to the conspirators as Judge Hall"
and murder J W Atkins of this city.
one of the wealthiest planters in
North louisiana after ehloroform-
ing the family The object is rob
berry The letter also stated that the
gang is composed of thuty-rwo
members. includinA SIX women II
contains a threat TO make away with
Teddy and some more Of those
bearing devils" before returning
to Europe
Mrs l. Merritt who found the
letter on her way home. was attack
ed by a stranger who tried to take
it away from her The police de-
partmeut has thirty officers working
on the ease. Much excitement pre-
wallis. Several suspects have been
arrested
The Waxahachie daily light. [volume] (Waxahachie, Tex.) 1894-current, 1905-12-15
STATISTICS OF PRISON
State penIieRfiary Board Held heetinq
at Austin Wednesday.

Austin. Tex, Dec. 15.-The state
penitentiary board held its regular
monthly meeting Wednesday in the
executive department and disposed of
n large amount of routine business.
The board approved the report of
superintendent of Penitentiaries
Searey Baker for November, 1905.
The report showed the number of
eonyicts on hand November / to be
1855. new received during the month
t0s; recaptured. 2 returned by
sheriffs. 2, making a total of 396S.
Out of this number 70 were discharg-
ed, pardoned, escaped. 8 died, g
delivered 10 sheriffs and paroled.
leaving the total on hand on Decem-
ber / of 1871 or an increase of 16
over the previous month.
These conyicts are distributed as
follows State insane asylum, 3:
contract forces, 1853. share forces.
2s3; railroad forces, 26S; Harlem
state farm. 272 VIM. Clemons state
farm. 4i4; Wynne state farm, "A:
Camp Searey Baker. 3: Huntsville,
442; Rusk. csc: total. 3S71.
The monthly report of Financial
Agent John L. Wortham for Novem-
November / 10 be S25,036.74: re-
ceiyed in November. sG5,573.1S; to-
tai. $90.G0992, There was dis
trihuted during the month sG6,044.-
~. leaving balance on hard s2i.565.-
So. These funds are distributed as
follows; Cash on hand and In banks,
s23. .400sT: ]. H. Walker Rusk.
$71660: John T. Luther, Morgan,
$2o3.G5. II $. sisk, Houston, $l2s.-
Ga. L. G. Douglass. Harlem. s1l5--
So. total s23.565.G9
The five eonyicts paroled during
the month are Mack Brown. s
Rodriguez. F. O. Head. win Ellison
and Pablo Orneals
The Waxahachie daily light. [volume] (Waxahachie, Tex.) 1894-current, 1905-12-15
TRAIN WRECKED.
4 Central Fast Freight Goes ia the
Ditch Near kennedate

A Houston aud Texas Central
freight train was wrecked last night
about one mile this side of kenne-
dale The train Was in charge of
Conductor VIII shipp and was pull
ed by engine No. 319 The train was
operated as No So and left Waxa-
haehie yesterday evening about
o'clock for Fort Worth II is suppos-
ed the wreck was due TO a soft track.
Five ears went into the ditch and
the track was badly torn up, Two
OF the wrecked cars were heavy oil
tanks loaded with fuel oil All extra
freight trains were annulied last
night The e1stbound aud west
bound passenger trains met al the
wreck and transferred their passen-
gers. baggage, express and mail A
transfer was also made by the early
morning passenger trains. The wreck
was cleared and the track repaired Ia
time for through service 20 be rcsum-
ed this afternoon
The Waxahachie daily light. [volume] (Waxahachie, Tex.) 1894-current, 1905-12-15

The county health physician of
Johnson county has been bnsily en-
gagged of late investigating reports
OF smallpox cases in different portions
OF that county and taking precaution-
airy steps To prevent the spreading
Of the disease. 1t exists in Cleburne
and there are reports OF cases at
Venus, Lillian and Grandview. 1t is
said to prevail extensively in John
son county and is liable TO be convey
ed throughout this section The Mir
ror calls attention 10 these facts in
order that its readers everywhere
may be on their guard and adopt
precautionary measures against it's
Introduction among them Hills
boru Mirror
The Waxahachie daily light. [volume] (Waxahachie, Tex.) 1894-current, 1905-12-15

Il. p Eslick, switchman, who
came here from Cleburne about a
month ago and got a job in the Cen
tral yards came near losing his life
about $40 last night Some cars
were being switched in the south
yards and the man fell under them
1t is said tha. two or thrcn cars
passed over him and it was thought
at first that he was killed H
was picked up and sent home and
it is stated today that his injuries
are not necessarily fatal He is bad
ly bruised and is in a bad condition.
but it is thought he will pull through
all right in short time - Ennis
News.
The Waxahachie daily light. [volume] (Waxahachie, Tex.) 1894-current, 1905-12-15
Brazos Valley to Cross Central.

Austin, Tex, Dee 1.-THE rail
road commission yesterday decided
that a grade crossing can be put at
Mexia by the Trinity and Brazos
Valley where il crosses the Houston
and Texas Central, and that the first
named road put in the interlocking
plant at the crossing, and it's main
tainance be based upon the functions
used by each road The application
of the Trinity and Brazos Valley for
a grade crossing at Corsieana is held
under advisement
The Waxahachie daily light. [volume] (Waxahachie, Tex.) 1894-current, 1905-12-15
BOYS ARRESTED A
Ia Connection W'ih burglary al
Hiiishoro.

Hillsboro Tex. Dec. rs The
grocery store OF Il, . Robey was en-
tered hy burglars "Wednesday night
stolen. the full extent of the robbery
not heing known 80 the proprietor.
Entrance was effected through "a
back window Papers eele taken
frum che oash register aud examined
bui ieft on the safe Ia the office.
There was nu money in the house
outside the safo. Two boys about
fifteen wears Old were arrested and
are ia lail lHsconncctinu Witb thc af-
fair
The Waxahachie daily light. [volume] (Waxahachie, Tex.) 1894-current, 1905-12-15
Soliciting WhiSkey Orders.

Since the decision handed down by
the criminal court of appeals at Ty-
Ter in the Massey ease from Hays
county for conviction for soliciting
orders for whiskey in local option
districts vhiskey drummers have re-
sumed operations in Ellis county.
The work of soliciting orders began
a few days ago and now rho express
companies are doing "a rushing bust
ness Il is claimed that % shipment
OF 23@ PACKAGE is due to 9rryo in
WaNoha,hie iu dsy cog 1850.
The Waxahachie daily light. [volume] (Waxahachie, Tex.) 1894-current, 1905-12-15

4 state bank has been organized
at Ferris with a capital stock Of
0,o00 The directors are c. a.
]. V. Mute, c. A NAL
10y. w. W. Batchler and J, r. Pratt
w. w Batchler was named as presi-
dent and c. A. Weatherford will be
the cashier
The Waxahachie daily light. [volume] (Waxahachie, Tex.) 1894-current, 1905-12-15

his gun and gave chase TO the intrud-
er, firing two shots al him as he
was passing through the lot, but ii
any OF the No. shot struck the in
truder there was no sign TO indicate
it. 1t is thought that he believed
that the family was not at home, as
Mr.. Rye was patching. his family be
ing al Maypearl Italy News-Herald
The Waxahachie daily light. [volume] (Waxahachie, Tex.) 1894-current, 1905-12-15

4 Tvags-sis T. itersersea trufu ianar
ts0uniY

Paris rea nes Asa Flond
Neli Anown aesru fafmef eas shai
~ death ~ "a s~fasssu Meir esslaF
asghf usaf glor1 lse hs1 0pped
On his nofsh fo 9ef Nuua Hia wife
aae alaa @gumdgH 81 sew
hss*sa MmAw
The Waxahachie daily light. [volume] (Waxahachie, Tex.) 1894-current, 1905-12-15

@e HaVe tal aassar. ama faA aMEn
U.e nlant on sails g lhumfsspus iesswas
~ sGurs Haee arvr amd better a.
.uFtneut at Hwa A0rup - y0aae
friends F5ll aEHrfH alu uiae ulant a
Christina. 0t8 Ne invite Tau 10 90
Through wlr EFner hauee Nhsthef vaa
WISH to nlt ar naf
MRS BIRD FORREST
&s1 Hanr a. tl# HoYsi s1.
Waterbury evening Democrat., 1905-04-29

zard," an ingenious composition which must be seen to be appreciated.
 Frederick Remington presents the playful side of the life of the cowboy with a group entitled Shooting up the Town" This is admirably executed. Four hilarious cowboys, possibly lit- tie the worse from an overindulgence in liquor. mounted upon fleeing ponies. are seen going through apelike antics. firing their revolvers in the air.
 It was in 1903 the Lewis and Clark ex- pedition left St. Louis for that adven- turous essay across the wide continent The brave leaders were gone two years and four months. but the hardships and long travel were all forgotten in the joy of success; they could report to the gov- ernment concerning land of wonderful extent and wealth. Miss Laut says. in the article already quoted from. that Lewis and Clark were the last of the great pathfinders. They were the meet ing point between the heroic days of the adventurers. who essayed the wilds for gold or fur. and the pioneer days of the patient nation builder. All who came after them-Astor. with his fur-trading company of the Pacific: Fremont Jean de Smet. Marcus whitman-weree either pioneers or explorers, not patnfinders in the true sense of the word"
 This centennial celebration is . fitting appreciation.
Waterbury evening Democrat., 1905-04-29

B. J. S.-Please give a short history of the fourth month of the year. April
 A. April Is theoretically assumed to mean open. tas the month when the earth opens to produce new fruits With poets. April is the type of ineon- stancy. from the changeableness of its weather. Previous to R. C. I13. April was the second month of the year.
Waterbury evening Democrat., 1905-04-29

Silo-where can I write for informa- ton as to the wages paid common la borers ca the Panama canal and about board and bdging! Is thefe any
Waterbury evening Democrat., 1905-04-29

and killed himself, would the bet be declared off?
 A. I am not sure whether you have marked the man or President Roose- welt to die. If by election day you mean the November election, and MT Roosevelt had died, I have only to say that no president is elected that day. Only the electors are elected. Again, you do not make it plain whether the horse or its rider was to be killed, and I am not familiar with race course rules. If the horse was killed he certainly could not win, and therefore probably would not lose. The 1921 half dollar is not rare.
 Nameless-What is the correct pro nounciation of eheyalier, Omar Khay- yam, lingerie and derby? @ Is tho "s" silent in Grosvenor? (3l What is silent alarm? How is fire alarm turned in? (4) How are boxes in the ater rented? If by the season are the managers allowed to re-rent them for a performance when the owners are ab- sent? About what price is usually paid for box by the season? (S Was Sam Houston the only president of Texas when it was republic? A. Chevalier is pronounced as if spelled shev-a-leer, with accent on the last syllable: Omar Khayyam is pro- nounced as if spelled O-mahr Kiyahm. the first word being accented in the first syllable and the second on the last: lingerie is given the French pro nounciation, much as if spelled slan- zhe-ree. with accent on the last sylla- ble; derby is spelled as pronounced. English, Darby. @ It is (3) A silent alarm is usually called a still alarm, and is one which alarms only the fire companies. Fire alarm boxes have di- ] rectiOns for turning in an alarm. (A Seats in boxes are usually sold as other seats in q theater are. Doubtless they can be bought for the season, and the 1 rights of the manager would then de pend wholly on the contract. It would be impossible to make any average price for boxes. a He was not. He served as president 1s36-S and 1S41-4. and the following year became senator.
Waterbury evening Democrat., 1905-04-29

]. P. T-Has Uncle sam a right to carry the mail to one man and not to another;
 A. Probably you mean when both live on the same route. In that case. no. provided each complies with the postal regulations by providing proper facilities.
Waterbury evening Democrat., 1905-04-29
Coming Lewis and Clark
 Exposition at Portland >g
Centennial Celebration of the Famous Explorers Memorial to the Brave Accomplishments of People of North.
 west-Wesern Spirit Typified.

river for which they were searching. The figures of Lewis and Clark adorn either end of the balustrade of Lakeview terrace, companion statues to that of Sacajawea. Mir F. w. Ruckstuhl, in his composition of the figure of Capt. Clark, depicts the great explorer as he was garbed upon the completion of his long journey across the continent. The fig ure of Meriwether Lewis, by Charles Lopez, is equally meritorious.
 All of the statuary at the Lewis and Clark exposition is distinctly western, and it serves as an excellent object les son in offering an intelligent idea of the lives and customs of the people who populated the vast territory which was added to the domain of the United States by the Lewis and Clark explorations.
 A. A. Weinmann, Solon H. Borglum and Frederick Remington, who have gained worldwide renown as portrayers of the red man, are represented by some of their most magnificent sculptural achievements. The Indian is closely connected with the history of the north west, and it is fitting that his life and his odd customs should be depicted with carefully studied compositions. His proverbial enemy, the cowboy. has not been sighted, the life of this true Ameri- can being portrayed with number of characteristic groups and figures.
 MT. Weinmann, in his Destiny of the Red Man." offers group that would do credit to the masters. This sculptor en- joys the enviable distinction of being the youngest member of the profession represented here.
 Solon H. Borglum is represented by a number of his most creditable studies, ] which have been admirably mounted in