davidaulloa/AmericanStories huggingface dataset:
The Donaldsonville chief. [volume] (Donaldsonville, La.) 1871-current, 1905-03-04
TO OBTAIN GOLD FROM SEA
Company Formed in England to Ex-
tract Metal from Water-once
Tried in America.
ACKNOWLEDGEMENTS win doubtless

London.-A will doubtless
recall assertions that were made sew
eral years ago of the discovery of a
method of extracting gold from sea
water and the derision with which the
idea was laughed ssout of court. Lon
don folk now have an opportunity to
invest their money in such an under
taking, by which it is averred that an
unlimited supply Of precious metal can
be obtained from sea water at a cost
of so for every G100 extracted.
Sir William Ramsey, whose scien
tifc reputation is of the highest, has
been retained by a syndicate, which is
called the Industrial and Engineering
Trust (Limited), and the shareholders
of which include Lord Brassey, Lord
Tweedale, Hon. Alban Gibbs, several
manufacturers and Albert Sandman
foremost owner Of the Bank Of Eng
land. The syndicate has the modest
capital of $4,000 in 81 shares.
The inventor of the process is Il. J.
Smell. Sir William Ramsey has made
experiments and says in formal re-
port that there is no doubt sReil
has proved that gold can profitably
be obtained from sea water on large
scale, and the amount of the gold OBJ
tanned is SO large that whether the
cost of the treatment is "a ton or
even the outside figure Of IS a ton.
which it could not exceed, it would not
make very much difference. !"
The Donaldsonville chief. [volume] (Donaldsonville, La.) 1871-current, 1905-03-04

willing to dispose Of a certain number OF
shares a month, and what they received
was to so 60 per cent. to them and 4o
per cent. to those who had underwritten
the stock in the beginning. It was then
decided that in order to sell the stock
at a price above one dollar per share,
it would be necessary to resort to the
process known as washing.
In other words, they agreed to them
selves purchase the stock at high fig-
ure, in order to set that as the market
rate Par being five dollars, and they
having obtained it at one dollar, they
arranged for street sales at s2.5a
and s., themselves buying at that
rate, III 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 show
ing OF large sales, those who were sell
ing the stock were themselves bidding
on It, all the transactions being credited
On the books. 1t has been shown that,
The Donaldsonville chief. [volume] (Donaldsonville, La.) 1871-current, 1905-03-04

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 a hard
row to hoe, and little was heard Of
them in connection with this company.
They nevertheless kept the Marconl
stock to the front, and when there came
a revival Of the demand for copper
abroad, their prospects frightened.
Lay Plans for Coup.
They reorganized the Montreal g.
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
pc done by stock exchange firms, as
Munroe & Munroe were not members Of
the exchange. The stock was of a par
value Of five dollars a share, and 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 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,
The Donaldsonville chief. [volume] (Donaldsonville, La.) 1871-current, 1905-03-04
-------------------- -----r-=---------------
Had to EaYe It.

a habit once formed. is usually very
hard to resist. On a Kansas City
Leavenworth electric car the other day
vas man who had one which vas ap-
parently irresistible, relates a Kansas
City exchange. He was seated next to
a window, holding baby girl in his
arms BY his side was his wife, hold
ing anOther small child. They had two
good=sized grips at their feet. Near
Vance the man grew restless. A few
minutes later he said to his wife: Mary,
please take this baby. You can hold
one in each arm a minute OF two.
want to 60 up in front" Without o
word the woman took the other baby,
and then arose to permit him to get out
of the seat, The man stepped out after
moving the two yalises and went into
the forward compartment OF the car.
A few minutes later he returned, moved
the grips, disturbed his wife. adjusted
his oyereoat ca the seat, and took the
baby back He had rolled and smoked
a cigarette
The Donaldsonville chief. [volume] (Donaldsonville, La.) 1871-current, 1905-03-04
Operations OF Munroe Brothers. the 'Laun-
dry" Brokers in Wall Street.
BEGAN ON CAPITAL OF Sl,600.OO
Before Many Months the Two Young Men We're
Dealing in Millions and Hobnobbing With
Cotham's Most Influential Men
Their Dreams Of Wealth
Rudely Shattered.

New York-4Failu in Wall Street. =
This is Q 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 prae-
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-
The Donaldsonville chief. [volume] (Donaldsonville, La.) 1871-current, 1905-03-04

were also indebted, who had heard that
McHugh had trusted Munroe & Munroe;
also that things didn't look quite right.
He dropped in to give friendly little
business tip.
Joseph McHugh decided to brook the
possible wrath of the National City
bank and sent collector down to Mum
roe & Munroe. why, certainly" said
that firm, obligingly, and drew at once
a check for the full amount on Mon
treal bank.
.McHugh & Co. deposited the check
that afternoon - December 2 = and
thought no more Of it for week. At
the end of the week back came the check
marked IN. G."
A member of the McHugh firm went
down to investigate. He found clerk
from the sheriff's office in charge of tbs
place.
In the week between the delivery OF
that check and its return with the two
The Donaldsonville chief. [volume] (Donaldsonville, La.) 1871-current, 1905-03-04
Gentleman DeaRe6s

It is a current custom in many or
the colleges to gather the new stu
dents at she beginning OF the year and
SEQ forth enc most judiciGHs gentlemen
obtainable to bid them welcome ard
make wise discourse To then about the
new world they have come into, and
how they may best assimilate It's besg
offerings They do this every gall at
Harvard, staees e. S. Martin, in the
Metropolitan Magazine, and last Octo-
Der President Eliot, coming as the last
of the speakers who addressed the new
corners in the Sanders theater, impart-
ed to them some true and timely IDEAS
about being gentlemen in the demo-
cratic fashion proper To this untFam-
meled land. Discussing the character
istics Of a gentleman in democratic So
ciety, he submitted that he should be
gentle Of speech. quiet of dcmeanor,
d serene person who does not buster,
or hustle, or hurry. or yoclferate, Dat
who pays attention with the intent
ness. And he accorded him the dis
position to see the superioritles Id
persons rather than their inferlorltles,
and preference for the society Of his
superiors, And he held that he should
have a generous spirit, conforming his
life To his resources, avoiding both Law
ishness and parsimony. He should BE-
considerable, too, especially toward
those who ere in any way in his pow
er, and should scrupulously avoid hurt
ing anyone weaker than himself. He
even denied him the precious privilege
of being lazy. His democratic gentle
mar must be power, . worker, dis
interested laborer in the service Of
others; rot weakling or mere
pleasure-seeker but q strong and HARD
working man
The Donaldsonville chief. [volume] (Donaldsonville, La.) 1871-current, 1905-03-04
S Ignorant Affectation.

The writer lin the Hartford Gourant),
being an observant person. has noticed a
great many ladies and gentlemen of
Hartford wearing band of black Grape
on the left sleeve Of their coat. With
out doubt the people who are wearing
this band are of the opinion that it is
the correct style for one in mourning;
such is not the case, however; for the
wearing of a band Of crepe or black
cloth on the left sleeve is an affecta-
ton borrowed from England where it
was adopted for liveried servants. In
civil life it is a sign of poverty, as it
was adopted by men who felt they could
not afford to buy entire mourning out
fits. The band is proper for servants.
pennrious and poor people, and | hope
that our ladies and Beau BrummeIs'
of Hartford will refrain from this bad
form.
The Donaldsonville chief. [volume] (Donaldsonville, La.) 1871-current, 1905-03-04

cines to cure my
kidneys. I do
not think that
any man ever
suffered as I did
and lived. The
pain in my back
was so bad that
/ could not s3eep
.at night. / could
not ride a horse,
and sometimes
The Donaldsonville chief. [volume] (Donaldsonville, La.) 1871-current, 1905-03-04

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-
change were readily found who were
The Donaldsonville chief. [volume] (Donaldsonville, La.) 1871-current, 1905-03-04

A day or two before election last
November MT HenenWay, of Indiana,
now senator-elect. ana Sir Haaly. now
governor of the same state, took part
In q political meeting in the Academy
of Music at Evansville A noteworthy
thing about the event was that across
the street was the livery stable where
Henlsnway once worked as hostler
and directly in front Of the theater
the main gas pipe of the Evansville
Gas company ran. I. Frank Hanly dug
the ditch when this pipe was laid. earn
ing IS cents a day.
The Donaldsonville chief. [volume] (Donaldsonville, La.) 1871-current, 1905-03-04
Blue Laws in the South.

Corinth, Miss, had the lid down
strong AMI 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 stopped work.
The sale of newspapers was allowed.
however.
The Donaldsonville chief. [volume] (Donaldsonville, La.) 1871-current, 1905-03-04

to ride in a car. My condition was
critical when sent for Doan's Kidney
pills. / used three boxes and they
cured me. Now can go anywhere and
do as much as anybody. sleep well
md feel no discomfort at ALL
A TRIAL FREE-Address Foster
Iilburn Co., Buffalo, n. 7. For sale
by all dealers. Price, so cents
The Donaldsonville chief. [volume] (Donaldsonville, La.) 1871-current, 1905-03-04
Pas Edict.

Ma Twaddles-John, I'm interested in
this sjiu-jitsu' I've been reading SO much
about in the papers.
Pa Twaddles-Mrs. T., if you bring an
other of those new breakfast foods into
the house | leave. Now that settles it.
Cleveland Leader.
The Donaldsonville chief. [volume] (Donaldsonville, La.) 1871-current, 1905-03-04

The chief trouble with the man de-
signed by nature fer the small.potato con-
tingent lies in the fact that he will per-
sist in fancying that he is in the some
pumpkin set.-Judge.
The Donaldsonville chief. [volume] (Donaldsonville, La.) 1871-current, 1905-03-04
Plan Of the Brokers.

James Stillman, president of the Ma
tional City bank, describes the transae-
tions by which Munroe & Munroe, the
laundry brokers, obtained from the
bank daily loan of $4,000 for eight
days on an unindorsed and unsecured de-
mand notes for tie purpose Of washing
hundreds of thousands of shares of Mon
treal & Boston Consolidated mining
stock in the curb market as the act Of a
junior officer of that institution.
That junior officer was Archibald G..
LOOMS, second vice president of the
bank and the leading member of the
Montreal and Boston underwriting syn
dicate. Of course there had to be some
body upon whom the responsibility could
be placed by the public for the unusual
transactions, and the curiosity of men
on the street was satisfied when Mr..
LOOMS resigned.
1t should be said, however, that in the
transactions the bank was in no way dis
credited. The 100000 borrowed were
paid back by Munroe & Munroe before
the close of banking hours each day, SO
An interesting phase Of the negotia-
tions was that the Munroes, unknown
and untried youths, became close per-
sonal friends Of LOOMS.
Began on Capital Of 81, 500.
The worldly capital of the Munroes
when they quit the genteel occupation OF
gents furnishers in Montreal to take up
even a more genteel occupation in New
York, was about $1,000.
The furniture in the office would have
cost more than that-if it had been paid
for, and reflected great credit upon the
good taste of the gentlemen. The desks
we're of the finest and most expensive
make and the furnishings lavish. There
was a grill of chastely ornamental iron
work which confined the cashier, and
probably kept him from absconding
with tue firms heavily bonded debt.
The furniture included a set of big
easy Ieather-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
cd id BANKRUPTCY proceedings.
Bankruptcy Proceedings Instituted.
About October /, Munroe & Munroe
approached McHugh & CO. They want
ed d 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 unsecured 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 .
bill. Munroe & Munroe made a few
more purchases in the course Of week,
raising the bill to $3.50
The bill wasn't paid III october. Still
the furniture man didn't think it worth
while to press such excellent Gus
toners. La November d short and very
polite reminder was sent. No answer.
And still MeHugh & Go. were not wor-
ried until. On December 2, along came d
collector for another firm to whom theg
The Donaldsonville chief. [volume] (Donaldsonville, La.) 1871-current, 1905-03-04
Millions I'm Oats.

salzer's New National Oats yielded in
Mich, 24O bu., in Mo-, 255 bu., in N. D,
$40 bu., and in 80 other states from $50
to 300 bu per acre. Now this Dat if gen.
orally grown in 1905, will add millions OF
lars to the farmers nurse!
The Donaldsonville chief. [volume] (Donaldsonville, La.) 1871-current, 1905-03-04

Hudson, Mimi, used to have q resi-
dent known as .'Hod' Taylor, who
edited It's local paper, the Hudson Star.
He had boy in his office whom every
body ID Hudson called Nose" Clapp.
Taylor is now assistant secretary Of
the treasury and Clapp has just been
reelected as United States senator
from Minnesota.
The Donaldsonville chief. [volume] (Donaldsonville, La.) 1871-current, 1905-03-04

a woman who wears q stuffed bird In
her hat is liable to fine of from SIS to
$50 by a law recently passed BY the leg
ssiatslre of Arkansas
The Donaldsonville chief. [volume] (Donaldsonville, La.) 1871-current, 1905-03-04

JUST SEND THIS NOTICE. AID 1Gc
in stamps to John A. salzer Seed Co, La
Crosse, Wis. and receive their big catalog
and lots of farm seed samples. Is. L..
The Donaldsonville chief. [volume] (Donaldsonville, La.) 1871-current, 1905-03-04

Raisuli is coming up in the social. scale:
His name is now written Rails Iii. All
he needs to get right into the swlm is q
hyphen-4V ashington Times.
The Donaldsonville chief. [volume] (Donaldsonville, La.) 1871-current, 1905-03-04

oils and saw visions O. wealth beyond
the dreams Of avarice for themselves,
but, as a shrewd veteran of Wall street
said, the game grew too big for them
The Donaldsonville chief. [volume] (Donaldsonville, La.) 1871-current, 1905-03-04
TORTURING PAIN.
Half This Mans suaerings Would Have
Killed Many a Person, But Doan's
Kidney Pills Cured Him.

A. G. Sprague, stock dealer, of Nor
NAL, H., writes: g For two whole years
I was doing nothing but buying medi-
The Donaldsonville chief. [volume] (Donaldsonville, La.) 1871-current, 1905-03-04
If You Are Sick, Doctor!

When the medicinal properties of Saw
Palmetto Berries were discovered the aues-
ton of the permanent cure Of Stomach,
Liver, Kidneys and Bladder troubles was
settled. Veanal Palmettona Palmetto
Berry Wine} is recommended by thou
sands of former sufferers. It relieves the
inflammation and cures the disease. Don't
suffer from Dyspepsia, constipation, back,
ache, headache, VernaI PaTnettona Will
cure you. Write for free trial bottle to
Vernal Remedy Co., lie Roy, y. Y. Sold
by druggists.
The Donaldsonville chief. [volume] (Donaldsonville, La.) 1871-current, 1905-03-04

Good intentions are often too good TO
be true.-N. Y Times.
The Donaldsonville chief. [volume] (Donaldsonville, La.) 1871-current, 1905-03-04

received financial backing from J. N.
Greenshields, a prominent Canadian
broker Of that city George Munroe
married sister of GreenshieIds and
through his influence the brothers were
introduced il good circles. There had
always been speculation as to whether
or not the haberdashery store prospered
but enc 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
doNn 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 ID few stocks on
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 il Montreal, and
| not long afterEard they came TIL New
The Donaldsonville chief. [volume] (Donaldsonville, La.) 1871-current, 1905-03-04
The Reei11ning.

Until about four years ago, George
and Alexander Munroe kept little
haberdashery shop in St. GATHERINGS
street, Montreal They were quite young
men and apparently devoted to their
business.
III was generally understood that they
The Donaldsonville chief. [volume] (Donaldsonville, La.) 1871-current, 1905-03-04

fatal letters across its face Munroe &
Munroe had quit laundering copper
stocks and gone bust and the law had
taken possession.
Baxter Springs news. [volume] (Baxter Springs, Kan.) 1882-1919, 1905-03-02
A DEAD MANS WISH.

II was the wish of n. p. Johnston
that the city of Baxter Springs have
public library building worth
$500, and library and equipment
worth $500. In order that the city
might have this, Mr.. Johnston made
provision in his will, only a few
days before he died, for the library
and equipment. An effort is being
made to divert the 5000 to other
channels, and this in face OF the
dead mans express desire. Certain
persons are endeavoring to scare
the people by saying it will cost
too much to maintain the library.
This is not true. and the persons
making the statements know 1t Is
not true. Education never costs TOO
much, and when public library
and reading room can be maintain
ed for $500 per year mot $1,000, as
these persons sayl why the COM
munity should have it. But why
are certain persons trying to divert
this money to other channels? We
publish below that portion of Mr..
Johnston's will providing for pab'
lie library; read it and ponder
deeply:
~ bequeath unto L. d. Brewster,
C. NJ. tones and Samuel H. Smith in
trust for the purposes hereinafter
stated. the sum of FIVE thousand
dollars ($5OOO to be by my said
trustees used and applied az fol-
lows: When the City OF Bsxter
Syringe, Kansas, acting through
lite municipal authorities, shaii pro-
vide a suitable site, conveniently
located, my said trustees shall erect
thereon and at q cost not exceeding
two Thousand FIVE hundred dollars
Cs25O0 q brick or stone Public Ii
brary building on neat appearance
and suitable design, and shall pur-
chase and place therein suitable II.
brary furniture, and shall expend
the remainder of said Eve thousand
dollars @5OOO in purchasing and
placing in said Public Library
building such books for public use,
under proper regulations by said
city, as my said trustees shall deem
best for the moral and intellectual
good Of the community. Provided
and upon this condition, that none
Baxter Springs news. [volume] (Baxter Springs, Kan.) 1882-1919, 1905-03-02
lating library, that, too, rests with
the board of directors.
SAMUEL II. SMITH.

Mr.. Smith answers the above
questions from the standpoint OF
an attorney, and also as one OF the
trustees of the bequest. We believe
his answers are clearly expressed
and cannot be misunderstood. And
they will have great deal of good
effect in favor of the library.
In order to be perfectly fair with
Mr.. Smith we desire to say that we
approve his answers and feel glad
that he is in favor of accepting the
bequest. 1t is very seldom that we
agree with Mr.. Smith on matters OF
public policy, and on this occasion
we feel like complimenting him.
Baxter Springs news. [volume] (Baxter Springs, Kan.) 1882-1919, 1905-03-02
JOHNSTON LIBRARY.

In one of it's recent issues, the Re-
publican submitted ten questions
relating to the Johnston Library
proposition" and asked who will
answer" / will try and answer
those questions:
/. Male voters only will be en-
titled to vote upon the proposition
of the city's acceptance or rejection
of Mr.. Johnston's gift.
2. If the proposition carries. the
library will be under the control
and supervision of board OF thir-
teen directors chosen by the mayor
and council from the residents of
such city at large with reference to
their fitness for such Office. OF
such board of directors the mayor
10 ex.officio a member. No director
shall receive compensation.
3. "If the council fails to main
tain and provide in the future, to
whom will the property revertf' i
quote this question that 1t and the
answer may be fully understood
There is no provision<in the will for
the reversion of this bequest. Mr..
Johnston had no thought, either
that his generous gift would be de-
cliued or that the city would fail to
maintain and provide flor III in the
future. Once IL vests In the city il
remains in the city; but the city in
accepting this gift agrees to pro-
vide by ordinance for the expense