davidaulloa/AmericanStories huggingface dataset:
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1905-06-11
SPECULATION IS IN
PROFESSIONAL RUT
Stock Market Croupiers Are
Playing Among Themselves
ALL EYES ON EQUITABLE
Insurance Scandal Has Awakened
Much Feeling Among Better
Class speeulators-stand.
ard OIL on Defensive.
ALL EYES ON EQUITABLE
BY. w. G. NICHOLAS

New York. June Misrepresentation in
wan street has gotten into a profess
slonal rut, which is to say that the
croupiers are playing with each other
and prices are greatly In need of some
definite impulse. Since the break which
began about the middle of April vim
ing out mob of margined specula TORS.
the public has been sour on the market
ana Will not act apparently on any In
ducements there held forth. The public
Is always a tickle quantity of the stock
market. After speculative orgie IT
returns to its own affairs and attends
strictly to them until Its losses are for
gotten or until at some future time IT
Is seized with another mania for acouir-
ing riches quickly. There is never any
telling at what point or under what con-
ditions the public Will return to the mar
ket. Jay Gould once closed up a bear
campaign at a loss of several millions
of dollars and went heavily long of the
market merely because the public, which
mad been absent for a number of years.
was suddenly and unaccountably taken
with a desire to buy stocks, and from
the point at which he reversed his posi-
tion on the market there was a rise In
values lasting several years This an
pies particularly to the speculative pub
lie, which Is only occasionally a power
full factor in the market. A factor much
more important from the point of view
of Wall street observers at the present
time Is that the investing public also
Is Indifferent and has largely withdrawn
It's support from the stock market The
reasons for this are not remote.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1905-06-11

and a conviction secured and a just and
righteous sentence pronounced under ex-
listing laws for the punishment of crime,
is the perpetrator of the crime really
punished? 1t is true, under our present
system, the ends of the law have been
fully met and the prisoner duly SEN
fenced to serve a short term of imprs-
onment at hard manual labor. Is 1t not
also true and too often the case that the
prisoner sentenced and remanded
soon becomes a "trusty." enjoying al
most all the privileges of a free Ameri-
can citizen, and before he has served
his time or even one-half his time, some
kind hearted governor steps in with his
pardoning power and turns this same
criminal loose to again prey upon an
already outraged, though law-abiding,
community.
If the interest and purpose of the law
is to prevent crime, or a repetition of
crime. by inhicting punishment under the
present system. 1t has certainly proven
grand failure, and it is high time we
were seeking other and more efficient
methods of punishment
Take the case of Tom Witherspoon.
the negro at Belmont. Mo-, who a few
weeks ago held a mans wife and little
daughter as hostages under threat of
death within an hour If the sum of 5000
was not Forthcoming. lie had only re-
Gently been released from the peniten-
tiary. If, on his release from the state
prison, he had been banished to a penal
colony the mob that strung him up the
next day would not have become law
breakers themselves with the charge Of
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1905-06-11
Hope for Holland Boat.

The Battle of the Sea of Japan" as
Admiral Togo has STYLED the recent fight
in those waters, has filled with high
hopes the hearts of the hackers of the
Holland submarine boat. These people
had about 81, 100000 invested in the BUSH
ness and from the very outset encoun-
tered all sorts of opposition and dis
enlargement They have had to fight
for every inch of the ground they have
gained. and now that the merits of their
war engines are beginning to be recog-
nized. they see clear sailing ahead. There
are two kinds of submarine boats man
ufactured in America, one OF which Is
fathered in Canada and the other, the
Holland, in the United States. Holland
boats were bought by the Japanese gov
eminent and the others by Russia. The
Japs, having won out, naturally the Hol-
land submarine comes in for share Of
the glory and the profit. The company
Is not overcapitalized and its stock until
lately has sold at low figures. The large
business done since the beginning OF the
Russo-Japanese war gave the common
and preferrd stocks a lively boom and
holders of the securities feel that an
other decided upward movement Is due.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1905-06-11
murder registered against them.

murder registered against them.
Also the negro Jackson, under SEN
tence to hang for the murder of Officer
Steele in Decatur. Jackson had just been
released from serving two-year term in
the penitentiary for burglary. II at the
expiration of his sentence he had been
deported to penal colony Officer Steele
would no doubt today be serving the city
of Decatur as an efficient peace officer
But my object in writing this article
is not to enumerate the crimes nor the
frequency with which they are commit
ted. but to suggest remedy that will
both punish and prevent repetition of
crime-and that remedy is deportation
Yes, deport them, not for a short term
of years. but for life, and thus put a
stop forever to the growth of the crimi-
nal class in this country.
Yes, deport them, not for a short term
of years. but for life, and thus put a
stop forever to the growth of the crimi-
nal class in this country.
By pursuing this course not many years
will elapse till the law-breaker and GRIM
inal will have disappeared from our
midst L. H. RUSS.
Camden, June 8, 1905.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1905-06-11
GOING TO PORTLAND.
Ezra Meeker, Pioneer and Historian,
to Make Trips in Prairie Schooner.


Portland, Ore, June 90.--Ezra Meeker
of Seattle, Wash. whose recently pub
lished work, entitled "Pioneer Reminis-
eences of Puget Sound" has attracted
wide attention, has announced his inten-
ton to retrace a portion of the Oregon
trail this summer in an original prairie
schooner" drawn by pair of oxen. He
will camp with his outfit en- route, and
stake a claim on the bank of Willamette
slough. where he will remain long enough
to take a peep at the Lewis and Clark
exposition.
Mr.. Meeker has chartered a sure
enough schooner I'm the shape of a stout
oak wagon which for some fifty years
has been enjoying "a well-earned retire
ment in a shed on the banks of the Cow
1itz river The wagon was used in the
march of the pioneers across the CONT
nent in the early fifties 1t will be fitted
up after the manner in vogue in pioneer
days, and covered with canvas bearing
the flaming legend, Oregon or Bust"
Mr.. Meeker will use II rs baggage car,
sleeper, diner and observation train and
expects TO make the trip from ceattle
in two weeks, barring accidents and
hold-ups. The distance is about 200
miles.
Mr. Meeker came to Oregon about half
a century ago in the sort of conveyance
he will use In making his trip to the
Lewis and Clark exposition, and he has
written entertanlngly of his experiences
In the days when the country was young
and every man had a home for the taxi
ing. He will rehabilitate the ancient
prairie schooner for the purpose Of
showing tho thousands of fasteners who
will come To The fair via transcontinental
flyers how ther predecessors made the
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1905-06-11

methods of himself and his associates
lnen there has been this discussion on
tainted money arising from demand
en- the part of influential leaders of re-
nglous thought that John d. Roekefel-
ler's contributions to missionary work be
refused. Never before since the Stand
ard OIL party became a power in Wall
street has 1t been thus on the defensive
In such a public manner. There is a
saying among operators that no combina-
ton of Wall street men can be greater
than the public. 1t is the publics money
that makes financial operations possible
on large scale, and in the last analysis
everything must stand the test of public
sentiment
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1905-06-11

trip lie expects to anchor his schooner
near the exposition grounds and tell the
visitors how 1t all happened in 50.
you see" said Mr.. Meeker when
they talk about pioneer days and the
Oregon pioneers at the Worlds fair at
Portland. the passion gets hold of me
to journey back there in the same old
style and over the same old trail. There
will be lot of men and women of Ore
gon, gray-haired and grizzled like my
self, who will come to see the wonder
full progress which the country has made
in fifty years They'll contrast times
today with their own ways of living and
doing when they crossed the plains to
the Columbia river in the early ffties
I'm homesick to get back among them"
Mr.. Meeker. though grizzled and
bronzed, bears his age well and declares
that he will be able to stand the trip
all right. He thinks II would be a bit
rough on his wife, though, and she will
join him in Portland, making the jour-
ney by train.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1905-06-11
Equitable Situation.

When James w. Alexander, president
Of the Equitable Life Assurance society,
started his prairie fire he little dreamed
that the wind would blow in his diree-
ton, but it has, and the confiagration
has gained such Roadway all around that
1t is no longer under the control of any
one faction. The outcome is not to be
predicted with any certainty. Mr.. Hyde,
upon whom the controversy turned in
its initial stages, has shown throughout.
a kind of courage which has been
revelation to many people and which.
doubtless has awakened for him a feel
ing of sympathy. but 1t will be strange
If this scandal does not result in an ir-
resistible demand on the part of the pub
lie for laws governing the investments
of life insurance companies similar to
those now governing the investments of
savings banks There Is now a move
ment under way to call a special session
of the New York state Legislature for
the purpose of enacting laws to cover
the situation. When once the way is
open for legislation of this sort 1t Will
undoubtedly go further than moderation
would require. This Is a thing which
Is hanging over the stock market Sup
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1905-06-11
Wall Street Divided.

Wall street at the present time Is d.
vided against itself. The big interests
who make and unmake markets are
unable to act in concert upon any pro-
gramme as to prices, and they have so
worked at cross purposes and have been
so divided upon questions vitality affect
ing their own interests that they have
suffered Lawson, the Boston bear oper-
ator. to make them ridiculous by at
| lacking their stocks and pulling them
down. The American public has been
acquiring an education very rapidly in
the methods of it's financial magnates
and there has arisen in this country a
sentiment which on more occasions than
one of late has defeated market oper-
atoms conducted by men who have al
ways been remarkably successful in an
ticlpating public opinion. Lawson, the
manipulation. choosing TO turn states
evidence for his own selfish ends; minis
tiers of the gospel and professors of eco
Monies In some of the great universities
have all contributed to the literature of
this great educational movement. The
Wall Street Journal. publication de-
voted exclusively to the affairs of the
financial world but which is highly inde-
pendent and fearless in its expressions of
opinion, displayed without comment at
the head of Its editorial column one day
this week the following extract from a
deliverance of DR.. f. l.. Patton. presi-
dent of the Princeton Theological semi
nary:
Il hate a cold-blooded, right-lving ras-
cal that has accumulated his $4,000, 000
teaches Sunday school regularly, and,
within range of the law. drives his hard
bargains every week day. If such men
would ask me what thought of them,
would congratulate them on keeping out
of jail. The general tendency now is
for each man to do unto his neighbor
as his neighbor would do unto him, only
he tries to do it first"
The person referred to in these scath-
ing sentences will be as readily identi-
fled by every newspaper reader as he
person will be so easily recognized, that
the use of his name is wholly superfiu-
Gus, seems a striking illustration of the
progress of that educational movement
referred to. One of the most significant
departures of this period Is the anxiety
of the old Standard Oil crowd to defend
itself before the public. Until a few
months ago the chief characteristic of
this financial organization was its ST.
lence under fire. Recently the general
solicitor of the Standard OIL company
issued a statement to the press denying
that the Standard Oil company had any
interests other than those in oil and
allied lines of business. About the same
time II. II. Rogers, in a speech which
he made in Connecticut, defended the
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1905-06-11
Effect of Equitable Scandal.

The Equitable scandal has made a pro-
found impression upon the publlc's mind
and this impression is intensely hostile
to the class of men who more or less
completely dominate the affairs of Wall
street. The most prominent men In
high finance of this day are publicly ar
raigned for practices In their capacities
as conserVators of a great trust which
are not to be squared by any subter-
fnges of reason with the principles of
honesty and fair dealing. The average
man, unskllled in the devious WAYS of
finance, Is likely to ask this question:
IF we cannot find honesty In men who
are already so rich that money should
be no temptation to them, where are we
to look for it?' Several very conserv-
ative operators In Wall street Interested
chiefly in the speculative end of finance
have recently abandoned the bull side
of the market because of the adverse
influence which they find the Equitable
disclosures to be producing upon popular
opinion. similar influence has begun
to make itself felt abroad and lately we
have had to take back good many of
the stocks that were distributed in for
eign markets. 1t would be surprise to
those who are outside the atmosphere
of the financial district to learn that
honest and right thinking men whose
interests are all bound up In Wall street
have strong feelings on the conspicuous
absence of what President Roosevelt
calls common honesty and common de-
cency" In certain quarters of high
finance They do not hesitate to express
their feelings privately but would not,
of course. go on record as entertaining
sentiments which would be revolutionary
in the financial community. The head
of one of the oldest and most conserva-
tive banking houses in the street unaf-
filated with any of the great ciiques,
said few days ago concerning Law
son: "All that | blame the man for Is
he seeks to scare the depositors in saw
ings banks In everything else that he
says | agree with him. l only think
that he does not say 1t all" 1t certainly
would be a revelation to an outsider to
hear the expressions of sentiment from
some of the best of Wall streets men
denunciatory of the methods Of the So
called 26 Broadway crowd, otherwise the
Standard oil party in finance.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1905-06-11

their own in New York. which will be
of the same class as Blair & Co., Speyer
& Co and Kuhn, Loeb & Co. Mr.. Val
entine is already personally identified
with several of the most important finan-
cial concerns of New York, being di-
rector and member of the finance COM
mttee of the National City bank and on
the directorate of a number of other
Standard Oil institutions. He figured
prominently in the reorganization of the
United States Leather company and is at
the present time the dominating power
with the management of that property.
1t is his intention to live permanently
in New York, although for the present
he is obliged to divide his time between
this city and Chicago. as the sole direc-
tlon OF all the Armour interests is now
in his hands, Mr.. ]. Ogden Armour be-
ing abroad on a protraeted vacation.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1905-06-11
For Liqvozonc,

We paid 100000 for the American rights
TO Liquosone; the highest price ever paid
for similar rights in any scientific dis
covery. We did this after testing the
product for two years through physicians
and hospitals, in this country and others.
We cured all kinds Of germ diseases with
it-thousands of the most difficult cases
obtanoble. We proved that in germ
troubles 1t always accomplishes what
medicine cannot do. Now we ask you to
try it-try 1t at our expense. Test 1t as
we did; see what 1t does Then you will
use it always as we do. and as millions
OF others do. You will use IT not only 10
get we'll but to keep well. And It Will
save nearly all of-Hour sickness.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1905-06-11
Valentine Welcomed.

The New York money kings are ex-
tending the glad hand to p. A. Valentine
OF Chicago. Mr. Valentine is the fnan-
clal director of the great house of Ar
mour 4 Co, and is recognized as an ex-
ceedingly capable man and well entitled
TO run fellowship in the multi-million-
are class The Armour interests stand
Tor fully a5o,0OO00o and Mr.. Valentine
N association with his brother-in-law j.
ogden Armour, controls absolutely this
great aggregation of capital 1t is the
purpose of Messrs. Valentine and Ar
mour to establish banking house OF
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1905-06-11
Gould Stands by HYDE.

1t is a significant fact that men repre-
senting those railroad interests which
have been antagonized by the Goulds
both east and west retired from the
Equitable board as if by prearrange-
ment. George j. Gould, in his ambitious
project of reaching tidewater on the Pa
ciflc coast by way of the new Western
Pacific railroad, and tidewater on the
Atlantic coast by extending the Wabash
system, has antagonized the most power
full railroad interests of the country, and
he personally and his financial interests
have become exposed to all manner of
subtle embarrassments In his Western
Pacific project he runs counter to the
Union Pacific interests, which had been
represented on the Equitable board both
by e. II. Hartman and Jacob II. Schiff,
who have retired. their retirement being
speedily followed by that of A. J. Cas-
satt, president of the Pennsylvania. The
Pennsylvania interests are similarly an
tagonzed in the east by Mr. Gould. At
the present time George J. Gould is the
only railroad man having been extern
sively assisted IN financial operations by
the Equitable who stands by Mr. Hyde.
The Union Pacific interests have enjoyed
equally as great If not greater assistance
from the Equitable In their financial
operations, but they have now taken a
high and lofty attitude toward practices
within the society which they had been
only too willing to encourage and by
which they prohted equally with any
others. Apart from the morals of the
case, which is another matter entirely.
the attitude of Mr.. Gould seems to par
take much more of fairness than that
of Mr.. Hartman.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1905-06-11
Kills Inside Germs

Liquozone is not made by compound
ing drugs, nor Is there alcohol In 1t. Its
virtues are derived solely from gas
largely oxygen gas--by a process reauir-
ing immense apparatus and II days time.
This process has, for more than 20 years,
been the constant subject of scientific
and chemical research.
The result Is liquid that does what
oxygen does. 1t is nerve food and blood
food-the most helpful thing in the world
TO YOU Its effects are exhilarating, VI
talzing purifying. Yet 1t is a germicide
70 certain that we publish on every bot
tie an offer of $1,000 for a disease germ
that It cannot kill. The reason that germs
are vegetables; and Liquozone-like an
excess Of oxygen-is deadly to vegetai
matter.
There lies the great value Of Liouosons-
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1905-06-11
Western Melodrama.

From the New York Herald.
How stranger than the widest fights of
fancy are the tragedies and romances and
comedies written in flesh and blood and
enacted daily before our eyes on the long
trodden stage of the weather beaten
theatre of human life!-Omaha World
Herald.
1t may be all that and more. in the
weather beaten theatre of human life"
out in Omaha, but If real life In that city
outdoes the tragedies, romances and
comedies written in flesh and blood" that
are concocted in the west for travelling
theatrical companies that stray into New
York now and again Omaha must be the
liveliest place this. side of a warm here
after.
Phone 276 CPeoples) II you want ths
Caul, EnoraVirQ Co.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1905-06-11
We Paid 100000


1t is the only way known to kill germs
in the body without killing the tissues,
too. Any drug that kills germs is a poi
son. and it cannot be taken internally.
Medicine is almost helpless in any germ
disease. 1t is this fact that gives Liquo-
zone its worth to humanity. And that
worth is so great that we have spent
over one million dollars to supply the first
bottle free to each sick one we learn Of
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1905-06-11
Not EnvIous.

From the Cleveland Plain Dealer
Miss Amendt, who is said to receive
$4,000 from the Equitable Insurance COM
pany as an assistant to a vice president.
is between 80 and 40 years old.
good many women would prefer to be
younger and receive less.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1905-06-11

All diseases that begin with fever-af1
infiammations-all CATARRHAL contagious
dseases--alI the results of impure or pois-
oned blood.
In nervous debility Liquozone acts as
vitalizer. accomplishing what no drugs
can do
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1905-06-11
SOC Bottle Free.

If you need Liquozone, and have never
tried II, please send US this coupon. We
will then mail you an order on local
druggist for full size bottle. and we will
pay the druggist ourselves for t. This Is
our free gift, made to convince you; to
show you what Liquozone is. and what 1t
can do. In justice to yourself. please ac-
cept it today. for 1t places you under no
obligation whatever.
Liquozone costs soc and 81.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1905-06-11
Report of Amalgamated Copper.

" ''''e' se''e'e' SoPpe'.
Inc Amaigamated copper company
throughout all OF It's existence mas been
relerreu 10 as Dllna pool Vouchsa11ng
no information Whatever to It's stock
hoiuers' during TINS week II laoored
ana Drought iorth very imperfect and
disappointing statement OF us nnanclal
eonditlon. For many weeks wall street
hao oeen looking Forward TO TINS state
ment as something That would entitle
Ainalgamated copper stock TO sell In
the nelshoorhood OF par ana pay dlvi-
oehds at the rate OF per cent. The
STOCK mas been the object OIL enthusiastic
Information OF speculative nature en-
amazing from the Nalional Clty bank
ana from wall street house supposed
10 represent the attitude oil several OF
the biggest insiders Inc STOCK market
community had been expecting Anal
samated Copper to become the leader OF
the market 1t was hoped that this re-
port would be accompanied by bull
movement in the stock, which would
create outside speculative interest ana
benefit the situation generally The
stock was selling around 81 when the re-
port came out and within twenty-four
hours 1t had declined points. The re-
port does not deserve any extended
analysis, for 1t is too incomplete to be
made a basis for positive conclusions.
Suftlce 1t to say that 1t shows total