The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1907-07-29
THE SALT LAKE HERALD: MONDAY JULY 2y, 1907

George Washington university. 1t has
long been known that the hero of the
cherry tree planned and hoped for ma
tional educational institution at the CAPT
tai, but IL is only recently that ma
tiona1 movement has been started to raise
funds for the accomplishment of this end,
by which, as soon as the plans are car
ried out, the university will fulfill the
wishes of the fourder. With the APP
prevail of President Roosevelt and other
government officials special emphasis is
being placed on the training of men for
the foreign service, and it is consequently
believed that the university will play a
large Lart in the foreign commercial ex-
pansiOn of the country by providing bet
York, having suffered both in temper
and pocketbook through the incompetence
of our national trade representatives
abroad, halls the new movement with joy.
Grim Wall Street Joke.
Wall street is not. always busy making
money Sometimes 1t jokes or plays, al
though in a grim way A certain buyer
for prominent brokerage firm, VINO
new to the game, made his initial appear
ance in the street of millionaires this
week, received an initiation into the men,
bership of bulls and bears which, al
though il was a Joke. gave him all the
sensations of the plunge from sudden
wealth TO absolute ruin, which ordinarily
is afforded only by panic. Hardly had
he made his appearance on the curb mar.
keI WlEn a sudden rise III the pilCcS u
certain mining stock became the fea-
ture. The new buyer bought tens of
thousands of shares at such profit that
at lunch he announced to few friends
that he was go ng to buy steam yacht.
a country place and an automobile When
he returned to the curb after lunch, how
ever, the stock had dropped to almost
nothing, leaving him to face loss OF
half million dollars and contemplating
suicide. Before this idea was carried out,
however, his friends informed him that
the stock had never existed, and that
all his transactions were fictitious. 1t was
only after thorough explanation that he
realized that he was not ruined. Whle
this served TO show the way iii which
Wall street jokes, ii remained for an in
cident later in the afternoon TO show
the manner in which Wall street plays
I This was made clear by a duel tc the
| limit. 1t was fought, however, with
| huckleberry pies. one contestant receiving
/ his adversary's charge in the face anc
delivering his own on the front of a new
white flannel suit. After IL was all over
/ the two contestants laughed and shool
/ hands. To the ordinary person, however
] Wall streets fun is about as inscrutdblt
as its financial methods.
Profitable Plea of Guilty.
The municipal courts of New Yorl
! have never been looked upon as a fieiC
i for money making by the individual whC
has no capital But an experience thi;
week indicates that in them are to b'
won untold millions by some Tom Law
son versed in legal and judicial procedure
/ The plea of guilty" as a profitable
investment indeed has just become al
alluring possibility, which by some strang'
| happening has been long overlooked by
! legal sharps. Like all great discoverie:
| this one had a small beginning. Thu
plaintiff, a stolid German, accused th'
| defendant of pulling the skin of his
arm" throwing it at him and breaking
/ his glasses, valued at SO The court afte
! recovering from its surprise discovered
| that the arm was sunburned and tina
aforesaid skin did not break the glasses
but caused the plaintiff to jump and dTOI
them The plaintiff stated his willing
ness to compromise for the value of th'
glasses, for which the defendant wa.
about to settle, when the court announced
that if he were proven guilty the fin
would be So. A great light shone sudden
| " on the defendant. After much figuring
! he pleaded guilty, thereby saving 81. o.
/ the principle that a penny saved is TIVE
pennies earned, this equaled a gain o
S14 Lawyer and judge alike were dunn
| founded at this new possibility of mOnel
making. and are now eagerly awaitin:
the formation of a guilty" trust.