davidaulloa/AmericanStories huggingface dataset:
River Falls journal. [volume] (River Falls, Pierce County, Wis.) 1872-2019, 1905-02-23

New York-'Failure in Wall Street."
This is a headline that is often seen in
Gotham dailies, but it seldom creates
much comment. 1t 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 q 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
a 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-
River Falls journal. [volume] (River Falls, Pierce County, Wis.) 1872-2019, 1905-02-23
90 600 WH IIIzE

oils and saw visions o. wealth beyond
the dreams of ayarice for themselves,
but, as a shrewd veteran of Wall street
said, "the game grew TOO big for them"
Plan of the Brokers.
James Stillman, president of the Ma
tional City bank, describes the transac-
tfCns by which Munroe & Munroe, the
laundry" brokers, obtained from the
bank a daily loan of 100000 for eight
days on an unindOrsed and unsecured de-
mand notes for the purpose of washing
hundreds Of thousands of shares Of Mon
treaI & Boston Consolidated mining
stock in the curb market, as the act OF
junior officer of that institution.
That junior officer was Archibald G.
LOOMS, second vice president of the
bank and the leading member of the
Montreal and Boston underwriting sym
dictate. 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 Mr..
LOOMS resigned.
transactions the bank was in no way dis
credited. The $50, 900 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
lions was that the MunrOes. unknown
and untried youths, became close per-
sonal friends of LOOmiS
Began on Capital of 81, 900.
The worldly capital of the MunrOes
when they quit the genteel occupation OF
gents furnishers in Montreal TO take up
even more genteeI occupation in New
York, was about $1,000.
The furniture in the office would have
cost more than that-if it had been paid
tor. and reflected great credit upon the
good taste of the gentlemen. The desks
We're Of the finest and most expensive
make and the furnishings lavish. There
vas grill Of chastely 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 untold
wealth was at their command.
But it was these same furnishings
that first brought the trouble that result
ed in BANKRUPTCY proceedings.
Bankruptcy Proceedings Instituted.
About October l, Nunroe & Munroe
approached McHugh & Co. They want
ed a bill of goods sent up TO their Broad
street offices.
They mentioned as reference the Ma
tional City bank, the institution which
afterward lent them $4,000 daily on
their unseI red notes. Ntzhugh, & Co.
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 $3.50.
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. No answer.
And still McHugh & Co. were not wor
ried antil. on December >, along came
cnIeotor FOR another firm TO whom they
River Falls journal. [volume] (River Falls, Pierce County, Wis.) 1872-2019, 1905-02-23

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
TeIegraphy company, of Canada, and, as
it was understood that the stock was
valuable, they began to advertise it ex-
tensively on their arrival here, and
worked up wonderful trade among the
Italians, who were attracted in part, no
doubt. because Of their kinship Of ma
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
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
a revival of the demand for copper
abroad, their prospects frightened.
Lay Plans for Coup.
b They reOrganlZed the Montreal q
Boston, got some other properties to-
gether, and then laid plans for one Of
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
Munroe & 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 who were TO underwrite it were
to get the stock at one dollar per share.
Various persons went into the syndi-
cate, with the provision that they were
to take or underwrite a certain number
of shares, paying one dollar per share,
20 per cent. of the purchase price, at
the outset and the balance within GER
tain specified times.
The understanding was, however
River Falls journal. [volume] (River Falls, Pierce County, Wis.) 1872-2019, 1905-02-23

The state department of insurance saw
an epoch in it's history when number
of bills providing for several changes and
improvements were introduced mo both
houses of the legislature. One bill by Mr..
Crowley gives coroners the power to in
vestigate fires as well as deaths. BY an
other measure Mr.. Hosts salary is in
creased to 5000 Still another provides
for the redemption of capital stock OF
life insurance companies when they have
$4,000, 900 insurance in force. Besides
these. there are many other measures OF
lesser importance.
GARRISON
River Falls journal. [volume] (River Falls, Pierce County, Wis.) 1872-2019, 1905-02-23
GARRISON.

Prairie du Chien.-William Crawford
and his wife's sister, Frances Crawford,
have been arrested and thrown into
prison here, charged with the murder OF
an infant. In order to hide his guilt
with the woman it is alleged that Craw-
ford buried his unlawful child in a
barnyard while it was still alive.
Racine Members of the state board
of control visited Racine to inspect
work thus far completed on the new
insane asylum building and will be
asked to settle all disputes regarding
expenditures and the present water
system.
Prairie du Chien.-A heavy engine
on the Burlington and Eve loaded cars
were derailed three miles below Prairie
du CHEN and blocked traffic II hours.
River Falls journal. [volume] (River Falls, Pierce County, Wis.) 1872-2019, 1905-02-23
Find Phrase Unconstitutional.

Following the introduction Of impor-
tant measures in the legislature, it has
become noticeable feature that oppon-
ents to the measures have proceeded to
pick flaws in the bills. The rate bill has
been no exception to the rule and it is
declared that the phrase stating the
manufacturers should be given COM
modify rates is unconstitutional, for the
reason that it would tend to destroy
commodity rates, an action which would
bring protests from shippers in every
corner of the state. 1t is claimed that
the commission cannot specialize any
class of citizens
River Falls journal. [volume] (River Falls, Pierce County, Wis.) 1872-2019, 1905-02-23
Wants Uniform Tobacco Tax.

Senator Munson offers a measure
which provides for the uniform taxation
of tobacco throughout the state, and pro-
poses that the weed shall be graded and
assessed according to it's merits. The
present conditions are declared to be OF
a bad character. Owners and buyers Of
warehouse tobacco may list it where
most satisfactory rates may be secured,
thus getting around the law in an easy
manner. 1t is to remedy this that Sena-
tor Munson has brought his bill to the
front.
River Falls journal. [volume] (River Falls, Pierce County, Wis.) 1872-2019, 1905-02-23
Oppose Circuit Court Bill.

At the final hearing on the circuit court
bill, which provides for the redistrict-
ing the circuit court districts of the
state. considerable opposition developed
to the bill Assemblyman Westfahl
spoke before the meeting and declared
that the new measure would give Mil
waukee two courts, to which that city is
greatly opposed, Large delegations
from many points about the state were
present and argued for and against the
bill, as presented by the revision COM
mittee
River Falls journal. [volume] (River Falls, Pierce County, Wis.) 1872-2019, 1905-02-23
Would STAY .White Plague. ,

The Kinney bill providing for state
sanitarium for consumptives is being
urged by university authorities as the
only reasonable expedient by which the
state can stay the awful epidemic which
results in death to between $500 and
5000 residents of Wisconsin yearly. Prof
H L. Russell spoke at the meeting OF the
committee on state affairs regarding the
bill, and declared that with the Massa-
chusetts sanitarium- that state is now in
a position to save 70 per cent. OF the
cases treated. The committee seemed
impressed by Prof. Russell's statement
and reported the measure for passage.
River Falls journal. [volume] (River Falls, Pierce County, Wis.) 1872-2019, 1905-02-23
Proposes Municipal Measure.

The social democratic member of the
senate, Jacob Rummel, proposed two
amendments to the state constitution,
looking toward the municipalizatiOn Of
public utilities. One proposes the aboli-
ton of all exclusive franchises held BIZ
corporations and the other proposes that
cities shall have power to issue bonds
upon vote Of the people for the building
of municipal plants up to limit Of p
per cent. Of the assessed valuation Of the
city.
River Falls journal. [volume] (River Falls, Pierce County, Wis.) 1872-2019, 1905-02-23
WISCONSIN STATE NEWS.
University Mascot Dead.

Madison.-Lloyd. better known as
Babe" Spencer, for years the mascot
of the University of Wisconsin foot
ball team, is dead of paralysis Not
four feet tall, but weighing nearly 800
pounds, Spencer was a familiar figure
at all the big games in which WILSON,
sin took part. 1t was his custom to
lead on the field live badger. Lloyd
Spencer's home was in Evansville, his
parents being prominent people of that
place. He was a cousin of DR.. Claude
Beebe, of Milwaukee. Young Spencer
was about % years of age. He was a
great favorite at the university.
River Falls journal. [volume] (River Falls, Pierce County, Wis.) 1872-2019, 1905-02-23
Man and Wife Cremated.

Unity. -The residence OF Carl HoA-
man, two miles from this city, was de-
stroyed by fire early the other morning.
Mr.. and Mrs, Hoffman were cremated,
ruins. Mrs. Hoffman was blind and an
invalid, and Mr.. Hoffman was old, feeble
and not able to save himself. The fam
lily of Paul Brewer, living in the same
building, barely escaped. The cause OF
the fire was a defective tlue, it is thought.
River Falls journal. [volume] (River Falls, Pierce County, Wis.) 1872-2019, 1905-02-23
Receivers Lost Sight.

AppletOn.-The ease of Miss Sadie
Clark, of Neonah. a high school stu
dent who recovered her eyesight as
suddenly as she lost it over two weeks
ago, is attracting much attention here.
Miss Clark had never had eye
trouble until she woke on the morning
of February 6 to find herself stone
blind. She was on a train going to
Milwaukee to undergo an operation
when her sight suddenly returned, un-
impaired by the mysterious period OF
blindness.
River Falls journal. [volume] (River Falls, Pierce County, Wis.) 1872-2019, 1905-02-23
Tragedy in Milwaukee.

Milwaukee.-Joseph Obermeyer, il
years old, was shot and killed in front
of his home by William Johannesmoy-
er, IS years old. Johannesmeyer was
driving in sleigh when, it is alleged,
Obermeyer jumped ON the back of the
sleigh and called him names, which
led 20 the shooting. JOhannesmeyer
has been arrested.
River Falls journal. [volume] (River Falls, Pierce County, Wis.) 1872-2019, 1905-02-23
Capitol Resolution Referred.

The assembly referred the joint res
olution to employ Cass Gilbert as super
vising architect for new capitol and
grounds to the committee on capitol and
grounds. On Thursday Of this week the
committee holds a public hearing on the
resolution, at which all details are to be
taken up and thoroughly gone over.
River Falls journal. [volume] (River Falls, Pierce County, Wis.) 1872-2019, 1905-02-23
Finds Mother Dead

Manitowoc.-Mrs.F Ferdinand Werra
was found dead in her room by her
daughter when the child returned home
from school, She was 45 years Of age
and had been subject to attacks of heart
failure for some time A husband and
one child survive her.
River Falls journal. [volume] (River Falls, Pierce County, Wis.) 1872-2019, 1905-02-23
Blue Laws in the South,

Corinth, Miss, had the lid down
strong and tight the other Sunday, en-
forcing the Sunday closing law, so as
to include the sale of cigars, soda wa
ter, etc. The drug stores were closed
and even the bootblacks stepped work.
The sale of newspapers was allowed
however.
River Falls journal. [volume] (River Falls, Pierce County, Wis.) 1872-2019, 1905-02-23
Trainmen Held for Murder.

Stevens Point.--The coroners jury
investigating the railroad wreck here
recently, resulting in the death of En-
gineer Schell, recommended that Con-
ductor c. ID. Chandler and Brakeman
Edward Greisinger be held for man
slaughter in the fourth degree.
River Falls journal. [volume] (River Falls, Pierce County, Wis.) 1872-2019, 1905-02-23
1t was generally l

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 in good circles. There had
always been speculation as to whether
or not the haberdashery store prOspered.
but one day it was announced that the
Munroes had sold the store. At this
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 a few stocks OR
commission, it was generally conceded
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
River Falls journal. [volume] (River Falls, Pierce County, Wis.) 1872-2019, 1905-02-23

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 GER
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-
chsnoa vera raaGiIy found who were
River Falls journal. [volume] (River Falls, Pierce County, Wis.) 1872-2019, 1905-02-23
The Beginning e.

Until about four years ago, George
and Alexander Munroe kept a little
haberdashery shop in st. GATHERINGS
street, Montreal. They were quite young
men and apparently devoted to their
business.
1t was generally understood that they
River Falls journal. [volume] (River Falls, Pierce County, Wis.) 1872-2019, 1905-02-23

fatal letters across It's face Munroe &
Munroe had quit laundering copper
stocks and gone bust and the law had
taken possession.
River Falls journal. [volume] (River Falls, Pierce County, Wis.) 1872-2019, 1905-02-23
State Society at Caps4aI.

Madison was in the grip of Dame So
cisty last week. Two social functions
River Falls journal. [volume] (River Falls, Pierce County, Wis.) 1872-2019, 1905-02-23

.
change We're readily found who were
River Falls journal. [volume] (River Falls, Pierce County, Wis.) 1872-2019, 1905-02-23

oils and saw visions o. wealth beyond
the dreams of ayarice for themselves,
but, as a shrewd veteran of Wall street
said. "the game grew TOO big for them"
Santa Fe new Mexican. [volume] (Santa Fe, N.M.) 1898-1951, 1905-02-02
Northwest ReveIs in Tempera.
lures That Range From
Twenty.Four to Fifty Be-
low Zero.
GOOD FOR DOCTORS
Scores Of Persons Breaking Limbs on
Icy Pavements in Big Cities
Suffering Among Poor.

Kansas City, Feb. 2.-Intense cold
grees below zero recorded at Kansas
City and Marshall, Mo-, and Concor-
dia, Kansas, the lowest temperature
experienced at these points since
1899 The Weather Bureau promises
no moderation before Saturday.
Peoria, Illinois, reports % below, Des-
Moines 25, the coldest in ten years,
Lincoln, Nebraska % below, Superior,
Wisconsin, rs below, and Lacrosse,
Wisconsin, 80 below
The Coolest Day of the Winter.
st. Paul, Feb. 2.-Today was the
coolest day of the winter in the north
west. St. Paul reports "a below zero.
Points in the Dakotas and Montana re-
port 36 to 46 below
The Fifteenth Cold Spell This Winter.
Chicago, Ill.,, Feb. BY far the
coolest weather of the season pre-
vailed today the temperature dropping
IA below.
AS result there is much suffering
among the poor. The cars on the sur
face lines and all through railroads
were delayed.
Slippery Pavements-Many Fall.
Cincinnati, Ohio, Feb. 2.-More per-
sons sustained broken bones in the
last twenty-four hours by falling on
the street than on any single day for
years. Twenty such cases were re-
ported at one hospital and other hos
pitfalls report a number of cases.
The South is Nipped.
Memphis, Feb. 2.-Another cold
wave prevailed today over the central
south and southwest The mercury
at Memphis registered II above today
Reports from northern Arkansas and
Oklahoma state that zero weather pre-
walls and the cold wave is advancing
II Isn't Hot at Hot Springs.
Hot Springs, Ark, Feb. 2.-On ac-
count of the frozen track the races
at Essex Park were today declared
off. The Kentucky Club stakes will
be run tomorrow but all other entries
are declared Off
Santa Fe new Mexican. [volume] (Santa Fe, N.M.) 1898-1951, 1905-02-02
A PLUM FOR
COL. LLEWELLYN
His Nomination for United States
District Attorney for New Mexi.
CO Sent to Senate Today.

Special to the New Mexican.
Washington, D. c., Feb. 2.-The
President today sent to the Senate
the nomination Of Colonel w. II. H.
LIeweIIyn Of Las Cruces, to be United
States attorney for the district of New
Mexico, to succeed w. 3. Childers, OF
Albuquerque, whose second term had
expired this month. Major LIeweIIyn
is receiving many congratulations up.
on his appointment, which had been
forecasta a considerable time ago.
Captain David J. Leahy, Of Alamo.
gordo, clerk of the Sixth Judicial Dis.
trict Of New Mexico, is a visitor here
and called upon the President.
Santa Fe new Mexican. [volume] (Santa Fe, N.M.) 1898-1951, 1905-02-02
LOOKS BAD
FOR BLUEBEARD
More Than Two and a Half Ounces OF
Arsenic Found in the Body of
One of His Late Wives.

Chicago, Feb. Am indictment for
murder will BE- asked by Coroner Hoff-
man against Johann Hoch, the alleged
poisoner of many wives. The coroner
said today that the body of Mrs. Marie
Welker-Hoch contained more than
two and a half ounces of arsenic and
positively states that no arsenic was
used by the embalmers. This he add
ed, indicates that Hoch poisoned his
wife and the coroner's jury will doubt
lessly hold him to the grand jury.
Santa Fe new Mexican. [volume] (Santa Fe, N.M.) 1898-1951, 1905-02-02
REMOVAL OF
LETTER CARRIERS

Washington, Feb. 2.-Postmaster
General Wynne today removed three
letter carriers in the Toledo, Ohio,
postoffice, and ordered fourth man
to show cause why he should not be
removed, and suspended thirty other
carriers for thirty days on the charge
of selling mining stock and collecting
assessments thereon. 1t Is charged
that these men sold the stock while
on duty as carriers as we'll as while of
duty and frequently while in uniform,
ito the scandal Of the public service
He also alleged in some cases that
they made false statements under
oath in denying charges.
Santa Fe new Mexican. [volume] (Santa Fe, N.M.) 1898-1951, 1905-02-02
CHARGES AGAINST
THE SANTA FE

Washington, Feb. 2.-The Interstate
Commerce Commission today forward
ed to the Attorney General report
on the investigation Of the charges
granting rebates to the Colorado Fuel
and Iron Company, the report show
ing that the law has been violated in
these transactions and referring the
whole matter to the Department of
Justice for action.
Santa Fe new Mexican. [volume] (Santa Fe, N.M.) 1898-1951, 1905-02-02
A SET BACK
FOR JAPS
They Have to Abandon Sandiapu to
Russians.-Heavy Losses inflicted
Upon kuropatkin.

Mukden, Feb. 2.-After the Russian
bombardment of Sandiapu yesterday,
the Japanese tried to drive them of
but failed. The indications are that
the Japanese will abandon Sandiapu.
The usual artillery duel is proceeding
at the center. Ten Japanese battal'
ions which attacked the Russian left
were repulsed with heavy losses. The
latest returns of Russian losses during
the recent fighting show that $4,000
men were killed or wounded.
Santa Fe new Mexican. [volume] (Santa Fe, N.M.) 1898-1951, 1905-02-02
4 REPRIEVE FOR
MARY ROGERS

Waterbury, VT, Feb. Mrs. Mary
Rogers, who was to have been hanged
tomorrow for the murder Of her hus.
band has been reprieved until June.
The Governor said the reprieve was
granted in order that an opportunity
might be given for q new trial.
Santa Fe new Mexican. [volume] (Santa Fe, N.M.) 1898-1951, 1905-02-02
ARIZONA APPEALS
TO ILLINOIS

Springfield, ILL.,, Feb. "A joint res
olution was laid before the House to-
day from the territorial Legislature,
signed by Governor Brodie and other
officials, requesting the Illinois legis-
lature to ask the Illinois Senators and
Congressman to use their influence
against the bill proposing joint state
hood for New Mexico and Arizona.