davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1907-05-29

While few spectators who are in close
touch with some of the most important
hsureS in financial circles believe that the
market will soon turn upward, the ma
1orlty OF observers maintain that, although
prices may rally from five to ten points,
a further liquidation must take place be-
fore the situation will be thoroughly
cleared up. They maintain also that bust
ness must be curtailed throughout the
country in order that the whole situation
may again become healthy.
They reiterate what has so often been
said within the last six months, that until
there Is an active demand for bonds and
the dlvidend-paying stocks for investment,
the situation in Wall street cannot be re-
garded as healthy. They go far as to
say that curtailment in business must
actually be brought about because we are
attempting to handle more business than
the available capital will permit. Not a
few interests believe that the President
speech to be delivered tomorrow will mark
the turning point in the market for time
at least. and they would not be surprised
to see the beginning of the improvement
today.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1907-05-29
The World Of
Finance and Trade
NEW YORK STOCK MARKET.

Furnished by W. B. IIibbs & Co. bankers
and brokers. 1919 F street, members New
York stock exchange, Washington stock ex-
change and Chicago board of trade
Evening star. [volume] (Washington, D.C.) 1854-1972, 1907-05-29
Grain and Provisions Summary.
CURB QUOTATIONS.

Furnished by E. r. Chapman Co. &c. b. Chip
man. managerl, members New York Stock Ex-
change. 1901 b St NV.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1907-05-29
THE FOREIGN BANKS.

BERLIN, May 29.-Exchange on Lon
don, 20 marks 4G pfennigs for checks.
Discount rates-Short bills, 4; three
months bills, Az.
LONDON. May 29.-India council bills
were allotted today at Is. 3-32d
PARIS. May 29.-Three per cent rentes,
95 francs for the account. Exchange on
London. % francs 1874 confines for
checks
Evening star. [volume] (Washington, D.C.) 1854-1972, 1907-05-29
Buying From Abroad.

Foreign houses We're buyers here of up
ward of $1,000 shares of stocks. The days
developments comprised additional engage
ments of gold amounting to 81 100000. max
ing a total for the week of s., $50 900 In
spite Of the transactions in the foreign
market in connection with the gold exports,
rates there were firmly held
The local money market was shade
frmer. and todays figures of the opera
lions between the banks and the subtreas-
4 ury showed loss To the former since Fri
day of more than Slb0,0tO. q sum which
will of course. be CCrrcspondingly Increased
by tOdays withdrawal of gold for shipment
to Paris Bankers were not disposed today
to advance estimates with regard to the
duration or volume of the current outflow
of the metal. although the latter naturally
revived discussion upon the probable in
tentions of the Secretary of the Treasury
toward the government balances resting
with the national banks.
Crop Reports Conflict.
Advices respecting crop conditions were
again conflicting and quite wide fluctuations
took place in the grain market. Tomor-
rows holiday might perhaps be named In
connection with the diminished volume of
business, and also with the more thoroughly
professional character of the days trans
actions
At the outset OF the market there was
some little concern expressed upon the can
York Central and the constructing company
which is engaged upon the work on the
New York Centrafs terminals, but the of
fetal statement made later with regard to
the reasons for the rupture dispelled any
anxiety on that account. AS had been ex-
pected. the mayor yesterday afternoon We
toed the public utilities bill, but this action
appeared to have no specific effect upon
the securities more directly concerned,
which. in fact. moved in line with the mar
ket at large on relatively small transac-
tiOnS.
There was a sharp rally in copper metal
in London and an attendant rise in copper
stocks upon the stock exchange there. and
Amalgamated Copper rose smartly In the
local dealings. The pronounced strength
in the United States Steel shares might also
be named as an influence in the market
at large. Union Pacific was perhaps the
leading feature Of the whole market, and
by the early part of the afternoon that
stock had fully recovered the dividend of
212 per cent which deducted from its
quotations at the opening Of business
Neither the railway list nor the other de-
partments of the market furnished any
striking or significant exceptions TO the
genera! drift.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1907-05-29
phiiadeInhia Stock Exchange.

Furnished by Dick Bros. & Co.. 1412 st. NV.
Phones Main G44O-G4i1.
Los Angeles herald., 1907-10-05
NATIVE SONS

~ ENTIMENT-is too little in evidence
in these dollar-making days, and
~ lis a good reason why the board Of
public works should grant the petition
of the Native Sons for park space on
the top of Fort Hill.
On the spot petitioned for General
Fremont hoisted the national flag and
claimed dominion for the United States,
and on each recurring Admission day
the sons of the men who made Los
Angeles will repeat the epochal act of
raising the flag, thereby keeping green
the memory Of the men and times of
old and developing in their sons that
inestimable virtue of patriotism or love
of country so distinctive in the men to
the manor born. The board should
cover the dollar mark and then seal
the gift to the Native Sons.
Los Angeles herald., 1907-10-05
THE NEW ROAD

AF the many encouraging facts to
be materialized for the benefit Of
" Los Angeles in the near future
the building and running of the new
road to Portland. Oregon. via the great
mining regions of Nevada direct from
Los Angeles and branching at Winnie
mucca, New, to Salt Lake City, is chief.
Such a road would be an immediate
solvent of the tyrannous railroad con-
ditions now in force, as 1t would reach
all lumber and shingle shipping points
in Oregon and Washington and tra-
verse en- route new territory that is
known to contain gold, silver and cop
per in abundance, and which is certain
to invite settlement as soon as a road
can pierce it.
The question Of an eastern outlet
from Salt Lake is secondary, for the
reason that the territory traversed by
the new road will abundantly support
It and will be a prime factor in in
creasing business and real estate VAL
ues in Washington, Oregon, Nevada,
Utah and California, and in bringing
into use hundreds of thousands of
acres now lying waste.
BY competing with the Shasta route
OF the Southern Pacific in Oregon and
the valley and coast routes in Cali
forfiia it will be a decided help to
shippers at both ends and in inter-
mediate territory and save the business
men Of Los Angeles from the repellent
task OF suing for living rates from
the existing monopoly, and will wipe
out the recent rise in lumber rates to
eastern points, made only to checkmate
dealers who shipped by water to this
point to get rid Of prearranged car
shortage in the lumber districts.
Analysis of existing high prices for
all commodities, if run back to first
causes, proves that railroad freight
charges are at the beginning of it all,
and till a competing line, running
through to the great shipping terminals
is open, these things are unavoidable.
The fact that the citrus fruit traffic
Is large enough to warrant a paying
trade for two roads keeps rates up to
Inc pIcScllI dlIlOSL
but with the Salt Lake outlet from
that city eastward it will be a different
proposition, and force the roads to
compete, the growers getting the BEN
eft.
1t is difficult to conceive the great
ness Of the volume of local trade such
a road will make, and when passengers
may go to the northwest without being
forced to pay toll at San Francisco
and intermediate points the Southern
Pacific and Santa Fe holdup tactics
will be a thing of the past
Public opinion and good will are be-
hind this venture and the men in
charge will have no trouble in financ-
ing so desirable an undertaking. ver-
lily. the day of freedom from railroad
monopoly is drawing near.
Los Angeles herald., 1907-10-05
AMERICAN SHIPPING

N ECENTLY published astonishing
X. tetals of exports to South Amer
AZ lean markets, all in foreign bot
toms; the chartering of foreign ships
to supply coal to the battleship fleets
and the fast time made by the British
steamer Lusitania, all serve to call
tie attention of Americans to the fact
that in the matter of merchant
marine we have none. In the case of
able speed it is known to all the
world that under conditions similar to
those under which the Lusitania was
built American mechanics could du-
plicate her and beat the best time she
can show. Why, then, are not such
cause of high wages for the men and
the tariff on steel to protect the high
wages--so say the "standpatters."
Again--because the Cunard line which
owns the Lusitania is subsidized by
the British government. If that were
find 1t manifest in the work of the
American line steamers st. Paul and
st. Louis, which are Subsidized, but
barely pay expenses. Why, then. are
we behind all other nations on the
globe-and possibly several Off it-in
the matter of a merchant marine?
Because the element of the Republican
party now known as the "standpatters"
have kept by a strict party vote, an
archaic shipping law on the statutes
which requires an act of congress to
register a foreign-built ship under the
American flag-and which act 1t is inn
possible to procure-and the American
shipbuilder must purchase material in
the foreign markets and pay the steel
trust dividends on it and then pay in
addition the great increase in the cost
of skilled labor in America, made the
scapegoat of protectionists for existing
tariff laws, and so the cost of building
an American ship to compete with the
Lusitania would be 40 per cent greater
than she could be built for on the
Mersey or Clyde, and her maintenance,
for similar reasons, would cost 80 per
CtilL HlOEc IHdH thdt u 'eiO A1AAeA0A
ship.
II our laws permitted our merchants
to go for their ships where they could
get them at price that would war
rant competition for ocean-carrying
trade we could rehabilitate our marine
service in five years and sweep the
seas again; but the law framed in
1895 and re-enacted in the '30s, and
re-enacted in the SOS and regnant still.
demands that ship to have an Amer
lean registry must be built in an
American yard by American labor Of
American materials because the tariff
on steel, to keep up the rate Of wages
(sic), is necessary for the business of
the Republican party, and what are
the people going to do about it?"
| John Doe or Richard Roe could go
to the Clyde and order twenty steel
sailing ships that could monopolize the
New York and San Francisco wheat
trade, taking general cargo to San
Francisco, wheat to Cork for orders,
and cement or steel blooms from
Los Angeles herald., 1907-10-05
STATES RIGHTS

n is rather strong evidence of rad
ical change of sentiment in the
southern states when one can find
the following in a recent issue Of a con-
servative old newspaper like the New
Orleans Picayune:
1.-THE old-timers in American politics
still hold in the highest regard the
rights and sovereignty of the states
upon which the federal constitution was
founded and by whose delegates the
federal Union was formed. Some Of
these old-timers are talking about
making states rights the chief plank in
the next national Democratic platform.
But continues the Picayune, "state
sovereignty is rapidly becoming a mere
shadow and an empty name. The idea
that now prevails is that citizenship in
a vast republic is the important fact,
and that the central national power is
and should be paramount"
Coming from such a source this an
nouncement is both interesting and
encouraging. 1t goes to show that
southern opinion has almost If not
quite outgrown the fallacy of claiming
as independent sovereignties states
which distinctly surrendered every such
attribute as far as the outside world is
concerned when they merged them
selves into that noun of multitude
called the United States of America.
When once the idea so we'll expressed
by the Picayune can be shown to have
general acceptance throughout the ma
ton there win be little further trouble
in enforcing our treaty obligations and
caring for foreigners within our gates
entitled under treaty to federal protec-
tion. The wisdom Of the fathers of the
constitution secured municipal inde-
pendence to the several constituent
states, but 1t is hard to conceive that
they ever dreamed that the little com
munities which joined together tc
rforln more perfect union" ever
would think Of exalting their small and
local indiyidualities above that Of the
great state to create and constitute
which they divested themselves o.
actual independence and assumed tn,
position OF subordinate units in all ma.
tional and international respects.
Los Angeles herald., 1907-10-05
A WESTERN APOLOGIZE

knowed cuss called Lonesome Dan,"
Born gimlet-eyed an trigger-quick,
The ne plus ultra hold-up man
A woolly wolf from Bitter Creek.
He took his toll on every trail
An always lodged the rope an pen;
At last he stopped the U. S. mail
An say! but there wuz doin's then
To make a buckin' bronco Taught
Where once he stood Is just a dent,
An over that the epitaph.
He bncked agin' the government"
Perhaps our laws were made TO break
With open scorn or crafty stealth;
Perhaps It's impious to make
A curb to check defiant Wealth;
Yet, men or iron, exc Of COAL
Yet, mighty magnates proud of spoil,
20 corporations void of soul.
o sanity John. exuding oil.
Your Uncle Sam Is meek and mild,
But e'en his patience may be spent;
SO take this candy from a child
Don't buck agin the government"
Puck
Los Angeles herald., 1907-10-05
SOUTHERN PACIFIC


| A T last the Arm grip Of the law il
| N fast in the collar of the Southern
- Pacific Railroad company, through
the work Of Commissioner Lane, and
stripped of quibbling verbiage. tn,
company is proved to have transgresset
the law just as the Standard OIL and
Alton railroad people transgressed it
and the only excuse offered is thai
rebates were given TO meet river steam.
er competition.
The Herald, in common with the
clean press of the state and nation
is in hearty accord with the work OF
the administration in forcing to trial
all corporate concerns in the work OF
which evident law-breaking is proved,
and, wholly without local prejudice
and for the upbuilding of honest trade
in this and neighboring states, we re-
joice that this law-defying corporation
has been brought to bar and proved
guilty. We cannot ana1yze legal meas
ures, but can see the determined law
breaking In the testimony adduced
on Thursday before Commissioner Lane
in San Francisco, and demand that the
government shall push the inquiry to
it's fullest possibilities, to the end that
positive law-breaking. under cover Of
subterfuge, shall be punished.
Any layman can see in the testimony
offered that favored shipping firms
could and did run other firms out Of
business, and could continue to do so,
so long as rebates were possible. Out
of 35S corporations and firms which
are known to have received, rebates
the names of some fifty of these occur
so often and for such large sums that
1t is proof of criminal conspiracy to
defeat the law, and, what is far worse,
proof of purpose to ruin some firms
that others might benefit.
The showing in our telegraph col
umns on Friday morning must con-
vince all men that the Southern Pa
cif1c company has been constant law
breaker Tor years and wholly without
reference to local prejudices and for
legal cause should be subjected to the
penalties provided for in law. Indict-
ment and trial must ensue, and these
steps taken, the people of California
will naturally rejoice to see this great
common carrier brought to bay and
made to keep the law.
The Santa Fe and other roads will
have their day in court and the people
will demand the fullest and freest
hearing, and then the fullest punish
ment, If either or all are found guilty
of rebating.
Many of the charges alleged here
tofore against the Southern Pacific
company were incapable of legal proof,
for obvious reasons, and though public
opinion grants the truth Of much SO
charged the present hearing brings out
the only charges possible of legal proof
and of record in the company's books;
and they. will be the entering wedge
that is to begin the rending of this
law-breaking and law-defying corpor-
alton and free the people from its kill
ing grasp. There is poetic justice in
the fact that Franklin K. Lane should
conduct this hearing, in view of his
own experiences when he ran for gov
ernor of this. state.
Los Angeles herald., 1907-10-05

Gladys Vanderbilt is going to marry
a Hungarian count and take her $12.-
00o. 900 away from the country and the
workers who made the fortune. Her
fiance's name is said to be pronounced
tz-chen-yee. That's some compensa-
ton.
Los Angeles herald., 1907-10-05

And now they say that Ruef has
been grating even in his prison
cell. with MYRTLE Cert as go-between.
1t seems to be in the Ruef blood. Abe
is like that other CRATER of whom an
Irish orator once remarked: "If he were
to be cast away on an uninhabited
island it wouldn't be thirty minutes
before he'd have his hands in the
pockets of the naked savages."
Los Angeles herald., 1907-10-05
Sequel

Funny thing about Dudley. He said he
needed a little whisky because he was
run down"
well, wasn't he run DOWN."
81 don't know about that. but do
know he was run in.'-Catholic Standard
and Times
Los Angeles herald., 1907-10-05

Congressman Burton became bellig-
erent yesterday because steamer on
which he was passenger Travelled too
slow to suit him. Burton realizes he'll
have to go some to keep Tom Johnson
in sight this fall and he wants to get
used to the sensation
Los Angeles herald., 1907-10-05

1t must be pleasant for former San
Francisco supervisors to pick up morn
ing papers and read the court reports.
Mr.. Moore speaks of them as 'scoun-
drelly rascals and ravening wolves
clanaortng until Ruef threw them
meat" What was it, porterhouse?
Los Angeles herald., 1907-10-05

Power to construct the Elizabeth
lake tunnel will cost the city $s5O,0OO.
After the aqueduct is finished, how
ever, the city will have power Of it's
own to sell at fair price and a sub
stantial profit.
Los Angeles herald., 1907-10-05

The Yucaipe valley apple crop is
reported destroyed by wind. Sounds
as though the New Jersey peach crop
alarmist had moved west
Los Angeles herald., 1907-10-05
The Old Adaae Proved

IT see the widows are after that man
who wants wife," remarked Fijjit.
They are all willing to marry him.
Yes" assented Whit. TROUBLES never
come singiy."-St. Louis Dispatch.
Los Angeles herald., 1907-10-05

What is fame, after all? An even
ing paper spells it Dunno"
Los Angeles herald., 1907-10-05

D.. c. MACKENZIE and wife of Minneapolis.
Mimi, at the Westminster.
Los Angeles herald., 1907-10-05

MR., AND MRS ]. ]. wEsTNoBLE OF Grand
Rapids. Mich, are at the Hotel Lankershini.
Westnoble is connected with the sanItarium
at Battle Creek. Mich. The couple are here
for the winter season.
Los Angeles herald., 1907-10-05

MRS. NJ @. WORCESTER of San Bernardino
arrived In this city yesterday In her auto
mobile. She is at the Westminster at present
and is contemplating staying here long
enough to attend the opening of the opera
season at the Auditorium
Los Angeles herald., 1907-10-05

GUS G. DUPUE, a capitalist from Houston
Texas. has engaged apartments at the Hay
ward indefinitely. 1t is probable that h
will remain here several months.
Los Angeles herald., 1907-10-05

GEORGE B. SMYTHE, a prominent business
man of Berkeley, is stopping at the Hay
ward hotel. attending to some business mat
ters In wnich he Is interested.
Los Angeles herald., 1907-10-05

INSON and wife Of Topeka, Kas., are at the
Westminster The party intends TO remain
here long enough to take in all the attrac-
tions of Los Angeles. Later they will move
to the northern portion of the state.
Los Angeles herald., 1907-10-05

G. r. DORMAN and wife and MR.. AND MRS.
H. LAU, well known Sacramento people. are
at the Hotel Westminster for a few weeks,
They will take In part Of the opera season.
Los Angeles herald., 1907-10-05

LOUIS sCHULTZE, large real estate owner
of Chicago, is at the Nadeau He will re-
main here some time.
Los Angeles herald., 1907-10-05

W. r. CONKLIN and wife OF Joplin, Mo-,
registered at the Hayward yesterday. They
intend making a general tour Of Southern
California.
Los Angeles herald., 1907-10-05

b. HIRD, business man of Du-
buque, Iowa will be at the Van Nuys for
some time. He intends reviewing business
conditions here and may possibly interest
himself In real estate. He has spent num-
Der OF winters here.
Los Angeles herald., 1907-10-05

E. d. BoWLES and wife of Goldfeld, New,
secured accoihfnod ations AZ the Alexandria
hotel yesterday and will remain here some
time. Mrs Bowles is a society woman Of
her home city and is also well known here
Her. husband is prominent mine owner and
operator.
Los Angeles herald., 1907-10-05

c. ]. BOBBITT. wholesale produce dealer of
Flagstaff Ariz.. is at the Holienbeck on a
short visit.
Los Angeles herald., 1907-10-05

H. FALLoN anl A. H. HAMPTON. botf
prominent mining men Of Reno, New, are
at the Nadeau hotel attending to some mat
ters connected with their mining interests
They will be here several days.
Los Angeles herald., 1907-10-05

DOUGLASS B: sTERRETT, tourist from
Washington, d. c., is at the Alexandria no
tel on pleasure trip which he will extend
indefinitely. 1t Is his purpose to take in
every possible attraction and place of scenic
or historic interest. He remarked that he
enjoyed the little shower yesterday, as for
the past week or more he has been passing
time in Yuma and Barstow, where 1t has
been stormy. sandy weather.
Los Angeles herald., 1907-10-05

P. ]. CASE, a tourist from Chicago, is at the
Hayward 7or short time.
Los Angeles herald., 1907-10-05

MR.. AND MRS. E. r. DAVIS and MISS
EDNA DAVIS CT Philadelphia. Pa, are at
the Alexandria. 1t is likely they will spend
month or more in this city.
Los Angeles herald., 1907-10-05

K. BoNsALL and p. X LEWIS. promoters
and land owners 81 Nome Alaska registered
at the Nadeau yesterday. They are glad
they are in Southern California, and away
from the land of snow and ice. They may
spend great deal of their time in this city
this winter. They remarked yesterday that
the business conditions Of Alaska were on a
frmer basis now than ever, and that the
population os Alaskan cities was increasing
beyond expectation. They are negotiating
with local firm for the shipment and in
stallation OF a smelling OUTFIT for mines in
which they are interested.
Los Angeles herald., 1907-10-05

T. s. MCKNIGHT, wealthy merchant Of st.
Joseph. Mo-, has taken apartments at the Ho-
tel HollenDeck.
Los Angeles herald., 1907-10-05

MR.. AND MRS. JOHN FISHER. who are So
cially well known in Redlands, are stopping
at the Hotel Van Nuys.
Los Angeles herald., 1907-10-05

CHARLES GOLDMAN, merchant and pro-
rnoter of Phoenix, Ariz, is at the Hotel Var
Nuys taking a brief vacation from business
worries. He will remain here two weeks.
Los Angeles herald., 1907-10-05

MRS. WILLIAM STURGES, socially prom
inent woman of Santa Barbara and this city,
Is at the Hotel Alexandria to be present dur
ing the first few performances OF the opera
season. She will also visit her many friends
here.
Los Angeles herald., 1907-10-05

MISS BLANCHE SWAIN, pretty society girl
OF wheeling, West Virginia, accompanied by
her father ard mother, Mr.. and Mrs. Jerome
Swain, are at the Hotel Alexandria for a
brief period. They will later make a pro-
longed tour Of the republics of Mexico and
2 Brazil. r1f a
Los Angeles herald., 1907-10-05

MRS THOMAS IIADDEN Of San Francisco is
at the Westminster visiting friends.
Los Angeles herald., 1907-10-05

B. A. PACKARD a prominent citizen of
Waco. Texas, has taken quarters at the
Hollenbeck for week or ten days
Los Angeles herald., 1907-10-05

C. r. SCOTT and his wife Of Tonopah are
spending a few days in Los Angeles and are
stopping at the Hotel Angelus. Mr.. Scott is
prominent mining man Of Tonopah. and
through his business interests is also a we'll
known character in Los Angeles.