davidaulloa/AmericanStories huggingface dataset:
The Washington times., 1905-09-10

pressure. and II is greatl,T doubted here
whether Germany Will be able to hold II.
Japan Getting Even"
Il is pointed out that fl: Is likely here
will be the point where apan viii take
advantage CT its opportu ittes TO get
even with Germany for the hostility
shown Japan by the K iztser through
out the present war.
Japan has large plans Ifor the devel-
opment of China at thst close OF the
struggle with Russia. al I'd the ousting
OF Germany from her hol d In the Shan
tung region would seriou sly cripple one
OF the most active compe tftors for Chi
nese trade.
Great Britain Is also ex Hected 20 give
China her moral backint In any plan
looking TO- the loosening of Germany
hold on the trade of the Far East On
the other hand, 1t is not believed here
Germany will let go her hold without
vigorous controversy. al Though 1t Is
doubted whether II will & b to the point
of a clash of arms, in vi sw of the tre-
rnendous backing China rill have from
Great Britain.
The Washington times., 1905-09-10
Open-Air Sacred Concert Today

by Naval G. F. Band. Take Pa. ave
cars marked Z and G. going east.
The Washington times., 1905-09-10
CHEAP RATES TO HEAVEN.

A man received telegram a few
days ago from an old maid cousin Of
his. who lives In Virginia Her mes
sage read
Father went to heaven at HES last
night"
He wished to send her a message OF
sympathy, but accidentally put her ad-
dress upon a dispatch he had intended
for his wife who was at an Eastern
summer resort. The telegram that the
bereaved cousin received said:
Have just wired IS to pay for berth
In sieeper.'-BoSton Herald
The Washington times., 1905-09-10
FIRE COMPANY MO URNS
LOSS OF IT'S MASCOT

The members of No. a engine COM
pany are mourning the Toss Of their
mascot dog. Niger" The latter
Strayed from the compal " home after
an alarm of fire. ..Nigg, IT Is a small.
black. half dachshund, wi IN tail cut very
close to body, white m: trk on chest.
When lost he wore collar with two tags,
one a d. c. dog tag and The other bear
ing the inscription No. Engine Co."
The men would be tha nkful for any
information which would lead 10 the re-
coyery OF their pet
The Washington times., 1905-09-10

QUO Cf6UM OefgS, QUO
10 pieces All-wool Cream Storm
Serge: hard twisted and a good wear
ing fabric. They're scarce. nr
even at 60c. Tomorrow re- AtSS
duced to. yard.
We sponge these free OF charge.
The Washington times., 1905-09-10
COST OF A BAIT. LESHIP.

The cost of a battleship seems destin-
ed to increase. A few yes srs ago 1t rose
IN England from $5,000,0 to IS. 900 600:
then the secretary of he admiralty
stated that the King Edy Fard VII bat
tleship would cost $500 poo- Thus IL
seems likely that before png the value
Of a battleship will be Lit tie under $10,-
CO., O0-Times-Democrat.
Ceredo advance. [volume] (Ceredo, W. Va.) 1885-1939, 1905-02-15
Operations of Munroe Brothers. the "Laun-
dry" Brokers in Wall Street.
BEGAN ON CAPITAL OF $I,6OO.OO
Before Many Months the Two Young Men Were
Dealins in Millions and Hobnobbins With
Gothan's Most Influential Men
Their Dreams Wealth
RNdely Shattered.

New York.-'Failure in Wall Street"
This is 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 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-
Ceredo advance. [volume] (Ceredo, W. Va.) 1885-1939, 1905-02-15
WHAT MAKES SKY BLUE?
Various Scientific Theories Are Ad-
vanced to Account for the
Phenomenon.

The sky has long been a puzzle to
physicists. There are two mysteries
to explain about tits reflection OF
light and its color, says the Success Mag
aZine. The old view was that the blue
of the sky was due simply to atmos-
pheric oxygen. Oxygen has a faint
blue tint, and the idea was that several
miles OF the gas, even when diluted, az
1t is In the air, would have a bright
blue color. But this did not account
for the intense illumination of the sky.
and Of recent years Tyndalrs dust
theory" or some modification of IL, has
been generally accepted. This regards
the blue color as an optical effect, like
the color of very thin smoke, due to
excessively fine particles floating in the
air, which would also account for the
large proportion of reflected light from
the sky Recent calculations by Prof
Spring, of Liege, Belgium. however. in.
dictate that the dust I'm the air is not
sufficient in amount. nor finely enough
divided, to support this explanation and
he rejects it for thib and other rea-
sons. He has gone back to the old
oxygen theory, and accounts for the
general illumination Of the sky on the
hypothesis. first advanced by Hagen
bach. that intermingled layers OF differ
ent density, in the atmosphere, give it
the power OF rejecting light.
Ceredo advance. [volume] (Ceredo, W. Va.) 1885-1939, 1905-02-15
JAPAN'S CIVILIZATION.
Formerly Called Barbarians, But the
People Have Won a Differ
ent Title.

When the war began, whatever was
the opinion of travellers, and those
specially informed, the world I'm gem
eral regarded the japanese as oriental
barbarians. The judgment was based
on plausible reasoning, says the New
York Globe. AS the present year Is
only the thirty-seventh of the Meiji era.
and as before Meiji Japan. practi-
cally untouched by western influence,
was as she had been for 1000 years.
it was impossible for japanese re-
generation to be genuine. However
fair the semblance of civilization, 1t
was only veneer, we were told; a mere
aping. which should not deceive In
the stress of war IL was predicted, the
oriental would cast aside his assumed
occidental garb and reveal himself i'm
his true character-as cowardly and
cruel, torturer of prisoners, n MUIR
derer OF women and children. and
mutilator of the dead. Whether the
Japanese are to win the war or not.
they have effectively exploded this
theory In regard to themselves If they
are barbarians, many nations esteem
ing themselves civilized may profitably
go TO school to them.
Ceredo advance. [volume] (Ceredo, W. Va.) 1885-1939, 1905-02-15
The First Phonoeraph

The first words reproduced and ut
tered by a photograph are naturally
matter Of historical interest. When
Edison was at work on his first phono
graph many weeks were consumed in
experiment. 1t is said that when the
talking machine was first discovered il
was as much rurprise TO its inventor
as to the world. The Wizard was
working on some telephone receivers
and was led 10 put a piece of tinfoil
ON a cylinder II recorded sound. and
Edison was convinced that the human
voice could be recorded and produced
When the time came To make an actual
test Edison, with his mind on mechan-
ical details, absent-mindedly tested
his contrivance with the familiar
phrase: Mary had a little lamb" The
verse was the first record taken BIZ tie
machine
Ceredo advance. [volume] (Ceredo, W. Va.) 1885-1939, 1905-02-15

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 until. on December ., 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 a friendly little
business tip.
Joseph McHugh decided to brook the
possible wrath of the National City
Ceredo advance. [volume] (Ceredo, W. Va.) 1885-1939, 1905-02-15
The Beginning.

Untfl about four years ago. George
and Alexander Munroe kept 4 little
haberdashery shop in st. GATHERINGS
street. Montreal. They were quite young
men and apparently devoted to their
business.
Ii was generally understood that they
received financial backing from j. n.
Greenshields. a prominent Canadian
broker OF that city. George Manroe
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 on
commission. it was generally conceded
that their chief business was the hand
ling of mining stocks in which Green
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
ii was understood that the stock was
valuable. they began to advertise il 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
Ceredo advance. [volume] (Ceredo, W. Va.) 1885-1939, 1905-02-15
ALL HORSES HATE cAMELs.
Circus Man Tells About the Singular
Antipathies of Certain
Animals.

smoking clay pipe, the circus actor
sat in the winter training quarters. I'm.
|. der his supervision thin boy was learn
ing to ride erect on a quiet horse with
broad. Hat back, says the Philadelphia
Bulletin.
In some towns they won't let us
show. said the man. unless We have
no camels with us. Camels are n Sc.
rious drawback to shows. Horses are
so much afraid of them that lots OF
towns won't let 4 camel enter their
gates.
"A horse won't 60 near a piece OF
ground n camel has stood on. The very
smell of camel in the air will make
a horse tremblc and sweat. And this
fear isn't only found occasionally in a
horse here and there. 1t is found IN
every horse all over the world. Queer.
isn't il? often wonder why it is
Cattle hate dogs in the same way. and
cats hate dogs so. too. Here. though
We can account for the hatred. Dogs
in primitive times fed on cattle. nc
doubt. and even to-day, here and there
they kill and feed on kittens.
Horses love dogs. I'm sure | don .,
know why. Dogs fear no animals but
pumas and leopards. You can take n
dog up to lions or tigers cage and
he will show no fear, but take him up to
the cage OF a puma or leopard and he
will tremble and moan and stink away
out of sight.
All very pulling, isn't it?'
Ceredo advance. [volume] (Ceredo, W. Va.) 1885-1939, 1905-02-15

. OILS and saw Visions OF wealth beyond
the dreams of avarice for themselves,
but as 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-
tons by which Munroe & Munroe. the
laundry" brokers. obtained from the
bank 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
treal & 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 syn
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 M.
Loomis resigned
1t should be said, however. that in the
transactions the bank was in no way dis
credited. The $500 borrowed were
paid back by Munroe e. Munroe before
the close of banking hours each day. so
that the bank lost nothing.
An interesting phase of the negotia
tons was that the Munroes. unknown
and untried youths. became close per
sonal friends of LOOMS
Began on Capital of 81 800.
Ia
when they quit the genteel occupation OF
gents furnishcrs in Montreal to- take IN
even more genteel occupation I'm New
York. was about 81 500
The furniture in the Office would have
cost more than that it had been paid
for. 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
was 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
1tat first brought the trouble that result
g, ~ BANKRUPTCY proceedings
Bankruptcy Proceedings Instituted
About October ] Munroe e. Munroe
approached McHugh & Co. They want
cd bill of goods sent up to their Broad
street Offices
They mentioned as reference the Ma.
uonal City bank, the institution which
sfterward lent them 100000 daily on
tnei- unsecured notes. McHugh & Co.
Ceredo advance. [volume] (Ceredo, W. Va.) 1885-1939, 1905-02-15

The case and surety with when a
furnace heated electrically Is CON
trOlled is a point OF much importance.
and is sufficient 10 warrant tho great
or expense involved by the use cf this
system. The fact that the furnace is
under perfect control cOndu,cs to
efficiency. and this brings tho cost OF
energy nearer TO that Of other sys-
ten . AS to- the actual cost. taking It
all in all. there is not such a great
disadvantage in the electric system
and one can easily imagine a case
where electricity and gas could be on
a par in this regard.
Ceredo advance. [volume] (Ceredo, W. Va.) 1885-1939, 1905-02-15

bank and sent collector down to Nun
roe & Munroe. Why, certainly" said
that firm. obligingly. and drew at once
check for the full amount on Mon
treal bank.
McHugh & Co. deposited the check
that afternoon - December - and
thought no more OF it for a week At
the end of the week back came the check
marked IN. G."
member Of the McHugh firm went
down to investigate. He found a clerk
Ceredo advance. [volume] (Ceredo, W. Va.) 1885-1939, 1905-02-15
Not Unlike Fiction.

The revelations in the Munroe case
make II not unlike the story told i'm one
of Emile Gaboriaus novels i'm which a
Partisan set Of men in the sixties who
needed Office furniture rented It by the
week from firm whose business II was
TO outfit people who needed sumpt,ioua
Offices temporarily
The firm Gaboriau pictured could. on
short notice, give any Office the appear.
ance of glittering wealth. II rented out
massive desks. cashiers griIIs. safes and
pictures. II kept constantly on hand
supply OF curios for special purposes
mineral specimens for mining com
panies. oriental curios for people in the
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
20 any old enterprise
But IL is not necessary to 90 as Ear a.
this in these days, as IL is shown in this
case that modern finance has brought
improved methods
Ceredo advance. [volume] (Ceredo, W. Va.) 1885-1939, 1905-02-15

from the shcrffs Office in charge of the
place.
In the week between the delivery of
that check and its return with the two
fatal letters across its face Munroe &
Munroe had quit laundering copper
stocks and gone bust and the law had
taken possession.
Ceredo advance. [volume] (Ceredo, W. Va.) 1885-1939, 1905-02-15

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 sbould
be done by stock exchange firms. as
Munroe & Munroe were not members of
the exchange. The stock was OF a par
Ceredo advance. [volume] (Ceredo, W. Va.) 1885-1939, 1905-02-15
Reputed a Millionaire.

The friendship OF men like these
brought other friends to the brothers,
and before long George Munroe was
reputed to be a millionaire. 1t is said
ne lived at the rate of from $4,000 to
100000 year, this young man who only
a little while before had been a haber-
dasher. He had luxurious home on
East Fifty-seventh street and another
at southampton, l.. l., and often he oc-
tupied suite at the Waldorf-Astoria.
Ceredo advance. [volume] (Ceredo, W. Va.) 1885-1939, 1905-02-15
A Costly Junket.

He always did things in lavish fash
ion. When Montreal & Boston was
at the height Of its exploitation. Munroe
thought it would be a good plan to let
those whom he was trying to interest in
it see the actual mine property. Now.
1t lies away off in British Columbia. on
the foothills OF the Selkirks, and il costs
money to take a party out there He
never considered the expense A pri
vate car was chartered loaded with
everything Of the best In the commigsar,
line. and the junketers started away
George could no. 90 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 a jolly time
Ceredo advance. [volume] (Ceredo, W. Va.) 1885-1939, 1905-02-15
How Sales Were Made.

The Munroes would give orders 10 GER
tam 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
1t over to the brokers they had employed
10 buy. The result was that December
Z. the day OF the failure, they received
cheeks 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 il came to
their paying for the stock they bought
on December z, 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-
ton, even though his brother was SEN
Tor member of the firm. When they
came here they were aggressive and en-
thusiastic young fellows, os the type
that is liked In Wall street. and they
quickly made friends. Mr.. LOOMS was
one OF these. and Leach another, and
both OF these are names TO conjure with
in financial circles. LOOMS became
chairman of the syndicate's executive
committee, and 1t was through his in
huence that the loans were obtained
from the National City bank
Ceredo advance. [volume] (Ceredo, W. Va.) 1885-1939, 1905-02-15
Lay Plans for Coup

They reorganized the Montreal &
Boston, got some other properties to-
gether, and then laid plans for one OF
Ceredo advance. [volume] (Ceredo, W. Va.) 1885-1939, 1905-02-15

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.
Ceredo advance. [volume] (Ceredo, W. Va.) 1885-1939, 1905-02-15

oils and saw visions of wealth beyond
the dreams of avarce for themselves,
but, as a shrewd veteran of Wall street
said, the game grew too big for them -
Ceredo advance. [volume] (Ceredo, W. Va.) 1885-1939, 1905-02-15

value OF Ave dollars q share, and co..
tract was entered into by which the per-
sons who were to underwrite il 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 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.
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. il
1t did not arise they would be SO much
more to the good"
Ceredo advance. [volume] (Ceredo, W. Va.) 1885-1939, 1905-02-15
Resort to Washing.

more to the good"
Resort to Washing.
Brokers who were members of the ex-
change were readily found who were
Wiling TO dispose of a certain number OF
shares month, and what they received
was to go 60 per cent. to them and 40
per cent. to those who had underwritten
the stock in the beginning. IL was then
decided that in order to sell the stock
at price above one dollar per share,
IL would be necessary to resort to the
process known as washing"
In other words. they agreed to them
selves purchase the stock at a high fig
ure, in order To set that as the market
rate. Par being five dollars. and they
having obtained il at one dollar. they
arranged for street sales at $3.50
and 50, 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 IL. all the transactions being credited
on the books 1t has been shown that.
iured by this system. one outsider
bought 10000 shares, at from 81. so to So.
In disposing of the stock. Munroe &
Munroe washed" about 3 900 900 shares
or more in the process of getting rid of
about 10000 shares, for which they are
said to have paid the company not more
than $l3O,OOO in all. The brokerage on
raising this $4,000 is more than $780,
600 because they had TO pay commits
slons on the whole 100000 shares.
Burlington weekly free press. [volume] (Burlington, Vt.) 1866-1928, 1905-09-28
FAIRFAX

S. S. Evans's barn and all OF his nav
and grain was burned Saturday night.
He lost everything except one wagon and
one pair of slcds. No stock was burned
The cause of the fire was the bursting
of his lantern. There was a small insur.
ance.-Georgc Basconlbe and Mr.. and Mrs.
l.. r. Tahcr went on the excursion TO
New York last week.-Mrs.. Sarah Row
land is confined to the house with very
sore font.--Mr. and Mrs Mcrritte who has
spent the summer with his sister, Mrs, I.
i. Wilcox, loft for their home in Kansas
Tuesday.-M r. G. Ballard Is suffering
with rheumatism. Mrs. Foster of East
Svanton is the guest of her niece Mrs.
=. @. Balard.-The Rev. Rola Hunt is
having n large monument raised in the
Sardcrson cemetery for his father and
nlother.-Mrs. w. w. Holbrook and Per-
Icy Hewey were in Burlington Septem.
Dor % on business. Ryan's house
is nearly complcted.--C. c. Gillette visited
friends in Versenncs last week.-Mrs..
Wcthcrbce. the mother of Mrs. NJ. f.
Strait. died September % after long
illness. The funeral was held Mt tho
home of his daughter Mrs. NJ. r.. Strait
The burial was at Bingville in Flet-
cher.-Miss Ella Bellows Is in Waterbury
where she has secured A position In n
millinery store.-Bentamin Kenfeld is
quite sick,-Mr. and Mrs. II. H. Stafford
visited their daughter. Mrs. b. Chittenden,
OF Jericho Saturday.