davidaulloa/AmericanStories huggingface dataset:
The Washington times., 1907-08-11
TIE LURE OF THE GET-RIcH-
QUICK SCHEME.

Ihe question, where do these sur
Plus funds, IN small amounts. that are
constantly being taken cut OF savings
banks go, Is easily answered bv the Al
!urlnS propectuses and advertisements
IN the daily press which guarantee 20
81, anu 80 per cent profits to the investor
who acts quickly" The promoters OF
these schemes who send these mes
sages 10 the public. under aIIuring
headlines. almost invariably inject a
clause that the investor must 'act
quickly" in order TO get the securities
or real estate at the price offered; init
mating that, II ne does not do SO. he
VIII lose the wonderful opportunity Of
fsred, because the price will be ad-
vaneed. He wants quick action: he
wants thoughtiess action: he wants ac-
ton without any Investigation; he
must have such action in order TO sell
the offered commodity; for ninety-nine
times out Of 100. the careful, thoughtful
studious man. who conternplates an In
vestment will discard these schemes as
worthless, with almost a trining amount
OF investiCat ton.
II Is interesting 20 note the mental
attitude 5f the people who do 70 into
these promotion schemes. which have
been well termed 'get-rich-duick II
Is one that may be easily conpared
with a man about to dive into a muddy
stream; he can not see thS bottom. but
. he hopes that the bottom Is far enough
away so that he may dive IN safely
and be refreshed by the cool vvata~
The bottom Of the river and the facts
regarding the large return on the Of
1 fered investment are frequently nearer
than the piunFer believed when he
stood on The hank.-R. IT. Swartwout In
Moody's Magazine for August
The Washington times., 1907-08-11
"ENGLIsH STYLE AGAIN..

In what pu-DOrts to be a discussion OF
English style, writer for a recent
number OF the North American Revie "
concerns himself chiefly with certain
slips IN Prof. Barrett Wendell's text
book on composition and rhetoric. II
seems that Prof. Wendell has ended
''and 50 on without completing his
thought. has constructed others care
lessly and has used such expressions
as the matter in hand" the business
IN hand and pitching upon a word .
Not for the world would we defend
these things. They are, from a proof
readers. point of view. enormities. II
Is by detecting them that q certain
class OF men gain a pleasing sense Of
superiority over others who are not cor
respondingly cast down, so the net re-
suit is an increase of human happiness.
They offer the means cf winning easy
verbal victories over writers who are
not thought OF at all, and thus serve
in a way to redress the INEQUALITIES Of
fortune. There Is a chance for some
one TO view with alarm" the growing
laXity in the use Of our common tongue
and 10 deplore especially that IN these
days Of slovenly writing a man IN such
high standing as So-and-So should fall
into these gross blunders.
The blunders are then pilloried IN ital-
les or marched 10 Jail BEHIND exclama-
tiOn points, looking very guilty indeed,
and the newspa pers' copy, and an edi-
tOrial writer, top-heaVy with sudden
physiological dignity, comments on IL
with splendid scorn.
Finally, II the weather is warm. TYP
icus" and "Philologus" write letters
ending either with "Quis cUstodes GUS
todiet" or ''Verbum sat-" and others
follow, and all concerned are sooE de-
| batting whether Wou can be a perfect
gentleman and end a sentence with a
| proposition.
1t is q scene Of great and cheerful
activity. and no man with his heart in
the right place will begrudgc the par
ticipants any of their self-sa. .isfaction.
The only question is that OF its relative
NEUTRALITY-SUSPICIOUS.
The Washington times., 1907-08-11
TIE INCREASE 0F GOLD.

Gold was the substance for which all
the world hungered, and vet when Co
lumbus discovered America there was
less than $3.50 O00. 900 Of Il in all Europe
Surely II had been a difficult substance
to find. Centuries had passed. during
which this yellow metal had been care
fully boarded, and yet all Of Europe
held less than a quarter OF a billion OF
II. That was a mater OF As years ago.
When the great explorer set sail for
unknown shores the world was increas-
ing its stock Of gold at the rate OF less
than s4.Ooo, 900 annually. II would there
fore take Europe sixty years to dupli-
cate its gold holdings. When another
hundred years had passed the output
had increased 10 se.O00.O0o annually
There was nothing startling in such an
increase. TO bring this about Il has
been necessary TO ransaelI the treasures
OF Peru. Mexico. and other new coun-
tries Once more we move the hand OF
time forward hundred years until we
come 70 100, IN Which year the avera ge
gold production is only s. 000. 600 yearly.
Certainly there was no reason TO fear
an production or gold Another
hundred years brlngs us to $500 IN which
cornparativelv mode-a time the annual
production OF gold vas only si2. 100000
Thus we find that, during the three
centuries following the discovery Of
America. the worlds average annual in
crease In gold was S1e.666 Had this
modest ratio been maintained for the
next hundred years. the total prOduc-
ton Of gold in 1890 would have been
about $15. 5.O0O.O0. How much do YOU SUD
pose 70 actually was? Double that
amount? Three times It? Make an
other guess. It was s962 90 9l5i-F'red-
erick Cpham Adams, in Success Maga-
zine
The Washington times., 1907-08-11
EARNINGS OF RAILROADS
KEEP ON GETTING LARGER

Gross earnings OF all railroads in the
United States reporting for the four
weeks OF July were S45,2S7. .3O5, an in
crease Of 80 per cent over the corre-
spending period last year. Included in
the above are the Illinois Central and
the Great Northern railroads, both OF
which show an increase over July last
wear. The same roads in June reported
gain Of III per cent
The classified statement for June
now includes a number OF the larger
systems in all sections Of the country
showing gross earnings Of Sl42. .573. .5l9, an
Increase Of 13.1 per cent over June last
year On all groups OF roads there is
an increase over last year, not so large
IN the South as in other sections. On
the trunk lines and other Eastern roads
there Is good gain: also the Central
western and granger roads report a
larse increase. The large gain on the
southwestern and Pacific roads shows a
well maintained freight movement.
The Washington times., 1907-08-11
LOCAL MARKET
PRICES HOLD WELL
Telephone Stock Becomes
Feature After Long Per-
iod of Quiet

Midsummer dullness struck the Wash
ingtOn stock market last week II also
suffered some from tie reflex sentiment
produced by the troubles which came
upon the larger market at New York.
II is a common expression that bad
news travels very rapidly in its effect
upon the local situation, while good
news comes by slow freight and Is
equally slow in producing a good effect
In prices.
Taking the leading helf dozen active
stocks. however, /. e., Gas, LanstOn.
Mitchell Mining. Capital Traction, Rail-
way preferred, and Mergenthaler, the
losses were small, and the difference be
tween the close OF Friday and that Of
the previous week was fractional only.
In fact, taking the gain OF two points
on Mergenthaler and IL Offsets the loss
Oh the others. With the advent OF Teie-
phone stock and its jump Of seven
points, the general average is higher, al
though big drops IN one or two bank
stocks maze the figures unfavorabls. AS
these securities are but seldom brought
for sale, changes Of wide latitude are
not unusual.
The movement in Gas stocks came 20
% NN4NN~'tA AAfNAN anu TIC AlNAAAsAE LtAl
away To very small proportions This
was partially due 20 conditions. but
more particularly II was believed 70 the
postponement Of the Georgetown Gas
hearing until next month, and also 70
the absence Of prominent dealers who
have been most active and aggressive
in Il.
The feature OF the week was the sud
den outburst OF activity IN Chesapeake
and Potomac Telephone stock A star
had already been made by the buying
UP OF all small lots below ffty, which
was stin further continued by jumping
the price six points On Friday, accom-
panied by Tumors OF a dividend some
Time IN the near future.
AS II Is now over hve years since 8
dividend was paid the news will be en-
couraging 20 patient holders and Nigh,
be labeled Important if true" The
last dividend was in April, 1902 at the
rate Ot per cent per aanum. at which
time the stock sold al exactly the samC
price as last week. viz. S55 per share,
later reaching a high level Of 81 for the
year and then receding 10 45 al the
close or that year, and making IT'S low
est point OF s. IN April, 1888
In the railway last the situation was
unchanged. duIlness and indifference be
ing the only thing noticeable about IL.
Bonds held well and were readily
taken at any concession Of prices.
The entire sales OF the week were as
follows:
The Washington times., 1907-08-11
LONDON STOCK EXCHANGE
MEM -ERS ENJOY LONG LIFE

In point of seniority London boasts. in
Benjamin Edward Kennedy, a veteran
OF seyenty-one years service. whose
membership in the London Stock Ex-
change dates from 1886. The next
senior in London is Horace Wilkinson,
who also antedates the oldest member
Of the New York Stock Exchange with
siXty-five years service, and Clement
Satterthwaite who joined the London
Stock Exchange In the same year that
W. A. Smith became a member Of the
New York exchange. Membership In
London appears 20 prolong life, as there
are forty-eight members with fifty years
TO their credit. against Wall Streets
three. In making comparisons, however
II should be remembered that the total
mombership in London is nearly five
times as large as New Yorks. London
has 100 members Of over forty years
service.
The Washington times., 1907-08-11
STOCK DECENTRALIZATION
AFFECTS COTTON PRICES

NEW YORK, Aug. 10.-Today's market
would undoubtedly been higher, but for
the fresh outbreak OF Generalization in
the stock mafket This Offset to a great
extent the continuance OF very hot
weather in Texas and continued decline
in security values naturally had a re-
straining influence upon further aggres-
sive buying by bull operators in the
cotton market
Prices advanced FIVE to six points in
the initial trading, to the high record Of
early yesterday: but this was subsequently
lost on proht-taking sales by local longs,
and the further liquidation mentioned
for Wall Street accounts. The market
fir ally closed quiet and barely steady,
with prices unchanged to about three
points lower for the day.
Today's prices were as follows: Sep
Iember. u.7saS3; October, 12.ZlaS3; De-
cember. 12.S6037; January. 1245a46;
March, 1254G55. The market closed
steady. Following are today's quota
lions on the New York cotton exchange:
The Washington times., 1907-08-11
BANK EXCHANGES GAIN
EXCEPT IN TWO CITIES

Bank cleerings in the FIRST week OF
August az all leading cities In the
United States, with the exception OF
TWO are in excess OF preceding years.
the total Of exchanges Tor the week at
al leading cities outside New York be-
Ing Ssuzu19,31, an Increase OF ia per
cent over last year. and 2l.5 per cent
over Lhe corresponding week OF Isc5
There Is good gain at every city ex-
cept New Orleans. where a small loss
is recorded. and at the West continued
activity is reflected IN the exceptional
totals there.
The loss at New York city stiu car
rlas the total Of all cities below last
year. but Is almost wholly due 10 the
smaller volume OF Wall Street trans
actions this year.
The Washington times., 1907-08-11
FALL AND WINTER
BUSINESS ACTIVE
Reports to BradStreet'S and
Dun's Agencies Are
Encouraging.

Jobbing trade in fall and winter goods,
says Dun's Review, IS active at the
leading cities, country merchants being
In large attendance and operating freely
as a rule Retail sales OF seasOnaDle
merchandise are liberal. although at
some points customary midsummer quiet
is noted. While payments are somewhat
Irregular, mercantile collections show dis
tinct Improvement on the whole. A few
labor disputes are pending, but there is
little interruption IN the leading indus
tries, most manufacturing plants work
Ing full time and holding orders that
promise continued activity. Commodity
prices are lower, especially In cases
where speculative imitation existed, ia
yoTable weather having greatly i'm
proved crop prospects. Railway earn
ings for July, complete for four weeks.
show A gain Of 9-3 per cent over the
same month last year. New business in
the iron and steel industry is light.
The cotton goods situation IS feature
less. as might be expected after the ex-
tensive purchases Of the past few
months. and the process OF assimilation
is in order.
Bradstreet's says: Cross currents in
crop and trade developments render gen
eraiizatiOn difficult. Dispatches point 70
further favorable progress by leading
crops, notably corn, cotton, and spring
wheat but excepting oats. reports from
which are not favorable
In the Southwest, Northwest, and al
large Eastern centers sentiment as tc
fall trade has been helped by these de-
velopments, and fall buying is becoming
more noticeable. as country merchants
are coming in in increasing numbers. In
some OF the large industries. however
/ quieter trade is reported in SONS
branches, with prices easing. Thus pic
/ iron and some finished lines are reported
! lower on the week.
There is more talk OF a recession 81
trade, present and prospective, in some
| lines. and the suspension Of new rail
road work AZ the South IS a case IN point
but It is noted, on the other hand. that
sales OF rails are larger. and some enter.
Drises using this material hitherto held
up. are now being pushed
The Washington times., 1907-08-11
FIVE CENTS WORTH.

The pompous-looking man sat down in
the ferryboat and called over boot
black who Immediately went to work on
mis- shoes Just after the bootblack had
finished ane shoe the man caught sight
of a sign on the boOtblack's box which
read: "All Shines, l0c.
Are you going to charge me 10 cents
for this sinner" he said TO the boot
black
Yes, sir: dat's whut we allwus gifts, y
said the bootblack.
Well, you won't get It ont of me" re-
turned the man, II don't pay more than
q nickel fSr q shine anywhere"
Wen ef yer don't pay but a nickel
yer gifts only half a shine. See2" said
the bootblack And forthwith he arose
and quit the job Immediately. He
walked over TO a group OF his fellows
and informed them of the bargain
hunter in shines, and not man of them
would touch the browbeating passen-
gers unblacked shoe the rest of the
trip. They had their revenge, which the
passengers enjoyed as much as they.
The Washington times., 1907-08-11
FAILURE LIABILITIES
EXCEED LACT AUGUST

Commercial failures last week in the
United States, as reported by r. G. Dun
& CO., are 1s3. against 1S2 the preceding
week and ia the corresponding week
last year. Failures in Canada number
81. against 20 the preceding week and l3
last year. or failures last week IN the
United States 90 were in the East, 90
South, 50 West, and 27 in the Pacific
States, and So report liabilities Of S. 900
or more. Liabilities OF commercial fall
ures reported for August 10 date, are
$2,056,Sse compared with N,324.0u a year
ago.
The Washington times., 1907-08-11
B00DLlNG POLITICIAN
TO ENTER VAUDEVILLE

ST. LOUIS. Aug. 1O-"Whistllng
julius Lehman, the Nortn ST. Louis
politician and former member OF the
house Of delegates. sentenced TO the
Pcnitentiary for boodling and recently
pardoned, is 70 begiH q two weeks' en-
gagement next Monday at the Empire
Theater, IN Wellston. a suburb.
The former delegate Is to give the
Whistling numbers for which he is
famed, accompanying himself on a
guitar which he made while IN prison.
he also will give a naonologue entitled
sixteen Years Experience as q ST
Louis Man His salary VIII be $50 q
week.
The Washington times., 1907-08-11
NEVADA'S GOLD PRODUCTION
WILL REACH S20,000,00O

BOSTON, Aug. lO-Judge ]. o. Gray,
OF -Ryolite. New. who is in Boston.
says: Nevada has heen barely scratch
ed. and the gold reduction OF the State
this year viii be S2O.O0O.OOO. In July the
production was about 100000 and Aug
ust gives promise Of an output Of over
60 o00, 600.
The population OF the State is now
UP to 10000. At the resent rate Of in
crease IL viii not be long before il is
200 600 and IN my opinion II will not be
long before Nevada is producing s., 900, O)0
81 gold per MONTH"
The Washington times., 1907-08-11
TROUBLE At BERLIN
REFLECTED IN LONDON

LONDON. Aug. l0.-Supplies Of money
were plentiful In the market today. Dis
counts were harder owing to rumOrs Of
financial embarrsssments in Berlin.
Trading on the stock exchange was
dull, transactions being limited to the
usual week-ends call. British seeuri-
ties, under the lead Of eonsois. again
declined, owing 10 further Hquldation.
Consols sold at n new low record.
Americans opened quiet but irregular.
gains predominating. Prices became
steady later, and remained steady until
The last hour, when they gave with
consois. At the close a weak tone pre-
vailed. Grand Trunk suffered a furtaer
decline. Rio was weak Japanese i'm
perial 6's Of 1904 closed at lO2K.
The Washington times., 1907-08-11
NEW Low RECORDS
IN LEADING ISSUES
Decentralization in Market
With Bad Breaks in
Many Stocks.
Hartman Shares Suffered
Most on Position Taken
by Attorney General.

NEW YORK, Aug. I0.-Standard oil
interests were stil shoveling out stocks
as fast as the market would stand to-
day.
New low records were made IN lead
ing issues, but that did not cause any
buying. About the only purchasers in
the market are shorts, who are taking
profits, and q few small investors who
have been watching from so far of that
they don't understand the situation
These people are sending a few hundred
thousand dollars here and there into the
market, but the great BODY OF investors
IS StiH watching and waiting.
Amona, the stocks 20 break through
previous bottoms were Reading, which
sold at 81 on continued liquidation
Union Pacific, which broke 10 l27& on
selling OF other Standard Oil issues; St
Paul which declined 10 I22Ik: Amalga-
mated Copper, which broke from 78N,
and Anaconda. which broke 10 505H
Smelters was not left out of the race.
and made 2 new low record At 95Iz. n
decline of %. points. Sugar broke from
1l5 to ll2A, AID New York Central made
"a new bottom at 1864
Even London was upset, and consols
made a new low record at 81 in that
market. The weakness Of European
markets is further evidence of what
conservative people in Wall Street be
Eeve TO be a fact--namely, that EresI-
dent Roosevelt and the American cor
porations are no- responsible for every
thing. but that a worldwide demand
Tor gold, due 10 the putting OF India on
gold standard Drematurely. has embar-
Tass6d business everywhere.
Bonaparte's Interview Disheartens.
This mornings grist of news contain
cd plenty OF ground for uneasiness con-
Cerning the Governments attitude to-
ward corporations and was accordingly
reelected in a further sharp break in
securities, which fell from / to 5
POINTS throughout the list. To begin
with, the interview given out by Attor-
ney General Bonaparte was construed
ss meaning nothing more than that the
present ruthless campaign against cor
porauons would find no let up IN the
near future. but would indeed be prose-
cuted 10 the extreme limit.
The Hartman shares were the worst
sufferers, presumably az a result Of
Bonaparte's statement that the Depart
ment Of Justice would have something
10 say regarding the case within a
month Union Pacific vas subjected TO
a special pressure with a loss Of over
s per cent. while Southern Pacific re-
ceded over points. The weakness was
so general, however, that Il is needless
TO specify further particulars.
Bottom prices were reached, Toward
the close the market rallied on an ay-
erage Of about one point for the leading
shares, which was attributed to short
covering. Wall street was much inter
Z, ted IN the bank statement, but re-
fused TO make any forecast, owing 10
the peculiar market existing
The Washington times., 1907-08-11
GRAIN MARKET TIED UP
BY TELEGRAPH STRIKE

NEW YORK, Aug. 10.-Crippling OF
business by the tie-up Of the telegraphs
was the principal feature and influence in
all the speculative markets on the
board Of trade today. Its effect is
seen in the following declines from final
prices OF the day before: September,
December, and May wheat, l1zc; Septem-
Der corn, hQ3sc; December %sglzc; May,
nc; September oats. &C; December. 1zc
and May. Ac. Provisions under normal
conditions would probably have been
strong, but, as ii was pork lost 221kc;
lard from &c TO nc, and ribs from 21zc
to lOc.
The following prices ruled on the
loard Of trade today;
The Washington times., 1907-08-11
WEEKLY BANK STATEMENT.

Loans, 81. .11O, ,453, 800; decrease, SIG, ,4g7 400.
Deposits, Sl.076, 600; decrease, so,
SyI .SUC
Circulation. so, 155. 100: decrease. SOS. .40O
Legal tenders, S70,640, CO., decrease. 81
329 100
Specie. S206. 346. 100; decrease, 50 993. 600
o. Reserve. S276. .9S6, 100; decrease. e5.Sl2 100
Reserve required, S269. .226, 80: decrease.
81. .599. .450.
Surplus. S7,760550; increase, s2S7, $50
EX-United States deposits, $l4, 800:
increase, $3.50, ,025.
The Washington times., 1907-08-11
LUCKY ONE GOT LEFT.

Miss Serapper's engagement has been
announced"
Indeed. Who's the lucky man?"
"JimsOn."
"She is going 10 marry him is she?''
mo; she fitted him She's going to
marry Johnson. Chicago Journal.
The Washington times., 1907-08-11
PRICE CHANGES OF WEEK
ON WASHINGTON CHANGE

The following table, furnished by
Griffin Halstead & Co., brokers, 1874 F
street, members Of Washington Stock
Exchange, shows the opening. highest,
lowest, and last sales on that exchange
last week Prices are for quotation lots
only:
The Washington times., 1907-08-11
THE CURB MARKET

IQuotations furnished BY A. o. Brown 4
Stock EXchangel
The Washington times., 1907-08-11
NEW YORK-STOCKS BONDS, AND NEUTRALITY-SUSPICIOUS.
new YORK STOCKS

Quotations furnished By 4. o. Brown &
Co, Munsey Building; Members New York
STOCK Exchange
The Washington times., 1907-08-11
f f.NANCIAL GOSSIP.

A canvass of the leadi-'s consumers OF
copper reveals the fact that they are
not at all disposed to enter the market
at this tIme They are confident that
prices will be lowered materially, and do
not care 10 purchase supplies with the
tendency of prices downward
The Washington times., 1907-08-11

The United States Treasury has Ut
ward of COCO. coo. which It may use
r. relieve the fall stringcncy OF money
that seems as inevitable this year as
in any preceding year
Practically the money markets OF the
world are relying upon that $4,000 CO
In the United States Treasury. II IS
about the largest sum of free money
that there is now available anywhere.
The Washington times., 1907-08-11

.t...... 1880 $3.50 1876 Ie.12 1875