davidaulloa/AmericanStories huggingface dataset:
Los Angeles herald., 1907-08-16
BUY OIL STOCK
SCHWAB is TIRED OF
LIVING IN MANSION
OFFERS HIS RIVERSIDE DRIVE
PALACE FOR SALE
Health of Former Head of the Steel
Trust Has Not Been Good.
Graves Simple
Life

| NEW YORK, Aug 15-For reasons moi
explained Charles M. Schwab is offer-
ing his magnificent mansion in Rlverslue
drive for sale. 1t cost him $3,5OO,OOO, but
you can buy it for less than that sum-
Mr.. Schwab did not find the supreme
happiness in this costly home which ne
expected 1t was his dream and ambi-
tion to have a rooftree worthy of the
fortune he possessed. Now it is stated
an offer less by a million than the cost
of the palace will take it. Brokers have
the sale in hand, and are quietly seek
ing a customer.
III a moment of confidence several
months ago Mr.. Schwab told Andrew
Carnegie that he was tired of living in
a palace; that he wished he might es-
cape from the burdens the life entailed.
"Charles told me that he would like
to wash his hands of the whole busi-
ness" said Mr.. Carnegie in discussing
Schwab with friend; "he does not want
to keep his new house. He is sorry that
he built it,"
Schwab in III Health
Before the palace was finished it be-
gan to wear on Mr. Schwab's nerves.
There were strikes and disputes about
decorators bills and endless delays.
After the Schwabs had moved in bust
ness cares began to harass the owner and
left him with little leisure. His friends
say that his whole temperament changed.
Even before Mr.. Schwab retired from
the head of the steel trust the strain of
high finance had begun to wear him
down. The last two years have been
no less strenuous and it has taken long
trips to health resorts to keep him in
shape.
Mrs Schwab's health has declined
more rapidly than her husbands. She
is said to have become almost an invalid.
The site Oil which Mr.. Schwab built
his mansion belonged originally to the
New York orphan asylum. 1t is an en-
tire block bounded by Seventy-third and
Seventy-fourth streets and West End
avenue and Riverside drive. The land
cost the young steel magnate $S0O,OO0. The
building of steel and marble cost ST.
1000 and upwards for construction. The
interior work cost $1,5OO0OO and the Law
ish furnishings in bronze and marble
statuary, paintings and rare objects of
art brought up the total to $3,500,O O0O-a
pretty penny for a dream.
Los Angeles herald., 1907-08-16
CHICAGO GRAIN
By Associated Press.

By Associated Press.
CHICAGO Aug. 15.-Low temperatures in
the Canadian northwest and excellent import
business caused sharp advance today in the
price of wheat. Later the greater part OF the
gain was lost on realizing sales. At the close
September was up &c.
Corn showed a gain of B9Ac; oats were
AG7sc higher, and provisions 2hd719c lower.
The wheat market opened weak because Of
lower cables and the break in Wall street
Sentiment became bullish, however, and on
heavy support business. low temperatures in
the northwest and the black rust in South Da-
kota. advanced almost cents from the low
point of the day. In the last fifteen minutes of
trade prices declined almost l cent but the
market closed easy.
September opened ss95sc lower at s4kc9
S4Ac, advanced to 96Ac and closed at S5Ac
In the pit the sentiment was bullish on
a good cash and export demand. September
opened unchanged to Ac higher at 65h9541ac
and closed firm at 54%G541ac
Local receipts were $50 cars.
Oats were strong on buying by bulls and de-
lay to harvesting by wet weather. September
opened unchanged to Ac higher at 44%@45c,
advanced to 45Ac and closed strong at 45iaq
d55sc Local receipts were 233 cars.
Trade in provisions quiet. At the close
September pork off 21ac at s16.05. lard was
down 5971ec at $S.921RGS95, and ribs were sc
lower at $S.62is.
Los Angeles herald., 1907-08-16
SECURITIES
90 LOWER
NO SUPPORT AT LONDON FOR
STOCKS -
CHECK TO THE DOWNWARD
MOVEMENT ...
Frequent Periods of DulIness in Wall
Street with Expansion In optimis-
tic Sentiment-Magnat
Coming Home
BY Associated Press,


NEW YORK, Aug. 15-Support of an ear
nest and substantial character saved today
market from another spasmodic turn of liqui-
dation and bear attacks, such as characterized
the previous day. late operations. Assistance
was forthcoming almost from the outset but
not until prices had receded from to points
in many of the speculative issues The down
ward movement was speedily arrested how
ever, and extensive covering by shorts fol-
lowed the news that the sheets of the stock
exchange members had passed through the
clearing house without hitch.
AS usual the bulk of the days business
dcne in the first hour. During the remainder
OF the day there were frequent periods of
dullness, with slight relapses.
With advance in the Bank of England
discount rate the failure of the treasury de-
partment to relieve the money situation and
rtcurrent mutterings of trouble in financial
and industrial quarters, the day opened most
irauspciously in the stock MARKET Those un-
favorable influences gathered additional i'm
petus in the flood of selling orders from
Eul ope, more particularly London poured into
our market. Our securities were practically
quantities of Steel stocks, Reading and Union
Pacific sold at marked concessions. On the
whole, sentiment slightly more optimistic.
There was a disposition to extract some en-
enlargement from the announcement that one
OF this country's leading financial magnates
ia on his way home from abroad.
There also persistent rumors that next
weeks public speeches Of President Roosevelt
and Secretary Taft would be highly reassur-
irg. The local market than held its
early recovery best prices of the day being
recorded late in the session.
The closing strong though compare
lively inactive.
Bonds were irregular. Total sales, par value,
were 81. 1896, 900.
Government As advancAd u per cent on call.
Los Angeles herald., 1907-08-16
70 ENFORCE LIQUOR
( LAWS BY INJUNCTION
Massachusetts Court Establishes Pres
cedent in Control of Traffic.
Town of Onset to
Be Dry

BOSTON, Mass, Aug. 15.-For the first
time in this state a court injunction has
been asked and granted to stop the sale
of liquor in a ro-license town when the
local authorities have confessed them
selves powerless to prevent it. AS result
the proprietors of five alleged drink en-
poriums in Onset will serve their patrons
from now on at the risk of being ad-
judged in contempt.
The selectmen of the town of Ware
ham, of which Onset is part, and score
of citizens brought a petition in the su-
perior court before Judge Sanderson yes
terday asking for the courts aid. Though
some of the joints have been raided and
convictions obtained, the selectmen ad-
NIT defeat, and they fear that Onset will
soon cease to be a summer resort of
wealth and fashion.
Assistant United States District Attor-
ney Guy A. Ham presented the matter
to Judge Sanderson and five injunctions
running against ten men, were ordered
issued at once by the court. The injunc-
tions restrain Joseph A. Albertine, owner,
and Fred and Felix Bombard, occupants,
of the Beoit cottage; Philip Butler and
Michael Riley, jr., owner and occupant
respectively, of the Eagle Peak; Patrick
MCGUIRE and Nahum Pool, owner and oc-
cupant, respectively, of the Highland ave-
nue. house; Neil Mclaughlin, owner and
proprietor of the Endicott Social club, and
Patrick Donnelly and Hugh Smith, respec-
lively, owner and occupant of the Avenue
hotel, or their agents from keeping
liquor for sale on the premises"
The defendants are among the best
known men in Onset, and though $1,000, it
is said, was appropriated by a recent
tn nlrf 40 col
out of business, they are still flourishing.
The belief is confidently expressed that
Onset now will be dry for the first time in
Los Angeles herald., 1907-08-16
DREADED FLORIDA FLY
FOUND AT BAKERSFIELD
Citrus Protective League Will Quickly
Take Decisive Steps to Exter=
inmate Pest-Little
Danger

According to report issued by Secre-
tary Kendall of the Citrus Protective
League the rumor of the dreaded Florida
white fly at Bakersfield has been con-
firmed.
In his report Mr.. Kendall says:
On at least 100 trees, located on the
2O-acre estate of VIM. Tevis, five miles
out of Bakersfield, the dreaded pest has
been found. The landscape of Mr.. Tevis
estate is arranged in jungle effect, ant
among the trees, plants and shrubberI
is contained nearly every known fooo
plant of the white fly, though the fly
seems to be confined at present to the
citrus variety.
Mr.. Tevis is understood to be willing
to go to any extent necessary to eradicate
the pest, but at this season of the year
the fly being on the wing, 1t is considered
useless to attempt the destruction of food
plants to accomplish the result.
Examinations made by experts indicate
the location of the pest at Bakersfield,
at about the same time it was taken into
Marysville-probably two years ago.
A cursory examination of the very few
citrus trees in Bakersfield fails to show
any of the pest and the hope is, that it
has not escaped from the Tevis estate.
The isolated condition of the Tevis
place, with the known disposition Of the
owner, will make probable the destruction
of this colony of white fly when the
dormant period arrives, If the strong arm
of the state Is energetically applied with
system.
Now that two localities in this state are
infested, the first great duty is to find II
the pest has a habitat elsewhere within
our borders, and every available expert
and competent inspector should at once
begin the search.
Whatever can be located in isolated
places, as at Marysville, within the city,
and at Bakersfield on the Tevis estate,
can be eradicated during the coming
winter.
Don't wait to be urged to assist in
this work Its Importance cannot be
overestimated. If the county in which
YOU live has no ordinance of quarantine
against Florida trees and shrubs, see to
it that one is passed.
If your county horticultural COM
mission is inefficient don't rest until 1t
is organized for the best interest of the
fruit industry. An industry that has
grown to 900 a year, in this state,
must not be destroyed by fruit pest
because of inattention.
Encourage the search for evidences of
white fly in your county, and If occasion
arrives where the officers of this organiz-
alton can be of assistance to you, advise
at once.
The information herein as to the Bakers
field discovery is given in anticipation OF
your anxiety over the matter, from what
has been published the last day or two.
Los Angeles herald., 1907-08-16
SAN PEDRO SHIPPING
By Associated Press.

SAN PEDRO, Aug. 15.-The steam schooner
Mayfair, Captain OlsenS arrived in port today
from Grays Haibor and docked at the Southern
Pacific wharf with cargo of 100000 feet of
lumber for railroad shipment to Los Angeles
firms.
The steamer George W. Elder Captain Jes-
sen, from Portland via San Francisco, arrived
in this port today carrying large list of
passengers and a big cargo of freight. The
vessel berthed at the San Pedro dock and pro-
ceeded to discharge. She is scheduled for de-
rarture tomorrow evening.
The steamer Lakme, Captain Preble, and the
steamer Jim Butler, Captain Olsen, finished
discharging lumber cargoes today and are
scheduled to clear tomorrow to reload, the for
mer for South Bend and the latter for Astoria.
The German ship r. c. Hickners was
berthed on the west side this morning, where
the remainder of her cargo will be discharged.
There are still 1880 barrels (of cement to be
taken out of the hold before the big visitor
goes to the outer harbor.
The steamer Newburg, Captain Norburg. five
days from Grays Harbor. arrived in port this
afternoon with full cargo for the San Pedro
Lumber company.
Los Angeles herald., 1907-08-16
The Metal Market
By Associated Press.

BY Associated Press.
NEW YORK, Aug. 15.-copper was weak and
lower. spot CLOSING at e76 los and futures at
e7S 15s in London. Locally lake was quoted
at s1S.75d1s 25 electrolytic at $1I75Qls,25, and
casting at s17.e5@t7.75.
Lead was lower at el9 16c in London but
was unchanged here.
spelter advanced to e22 5s in London but was
weak at s5.70d5.sc locally.
Iron was lower at 55s Cd for standard foun-
dry and 56s Sd for Cleveland warrants in the
British market.
Locally iron was quiet and easy. No
northern $215Oa22.7O No. northern, s21. 200
20 20; southern iron, nominal
Los Angeles herald., 1907-08-16
FRUIT MARKET

By Associated Press.
SAN FRANCISCO, Aug. 15.-Frut-Fancy ap-
PIES s1.25; common. 75c crab apples 75c.
Berries-Strawberries, sSGD10; blackberries, SO
"a; raspberries $S@10.
Grapes-Ordinary, 75cGS1
Pears-Common, SOC; fancy, ST. Bartlett,
75c@1.50.
Peaches-Compon. ST. fancy, $3.50.
Pums-Common, Soc; fancy, 75c.
Oranges-Naveis, s465; Mexican lines, 81.
Lemons-Common California, 50; fancy, S..
Meons-Watermelons, SIPS; nxtmegs, 6Ods5c
Tropical fruits-Pineapples, $2@3; bananas
S1GD2; Smyrna figs, S191.25.
Dried Fruit Prices
By Associated Press.
NEW YORK, Aug. 15-Evaporated apples for
future shipment are offered more freely but
spot prices are steady and unchanged. Prunes
ruled steady. No change is reported in either
apricots peaches. Raislns are firm at recent
prices.
Los Angeles herald., 1907-08-16
At London and Berlin
BY Associated Press

I1y Assoc1ated Press.
LONDON, Aug. 15.-Money was in fair de-
mand and supply in the market today. Dis
counts were firmly maintained On the stock
exchange the settlement was concluded salts
factorlly. The market developed renewed
weakness in sympathy with New York and the
rise in the Bank of England rate of discount
which caused further liquidation In gilt edged
securities consols leading the decline early
In the day. closing with better tone on the
good bank statement. Americans at the OPEN
Ing showed losses Of 1 to points, strength
ened and closed near the best of the day.
The Bank of England raised its discoun.
rate today from to AZ per cent owing to
the monetary situation in Europe and New
York.
BERLIN, Aug 15-Prices the bourse to-
Cay were very weak upon the New York ad-
vices.
Los Angeles herald., 1907-08-16
GAIN IN BANK CLEARINGS
STEADY IN THE WEST

Few York Financier; According to Dun's
Review, bank clearings in the first week Of
August at all leading cities in the United
States. with the exception Of two, are in ex-
cess of preceding years, the total of exchanges
for the week at all leading cities outside New
York being $500. .O7s,3 371 an increase of ia per
cent over last year and 21.5 per cent over the
corresponding week of 1905. There is good
gain at every city except New Orleans, where
small loss is recorded. and at the west con-
tinued activity is reflected in the exceptional
totals there. The loss at this city still carries
the total of all cities below last year. but is
almost wholly due to the smaller volume of
Wall street transactions this year.
Los Angeles herald., 1907-08-16
CARLOAD SHIPMENTS
OF CITRUS FRUITS

o Shipments of oranges and lem- 9
@ ons from Los Angeles Tuesday, e
8 August 13, reported by the Cali g
o fornia Fruit Growers exchange, g
@ were 13 carloads of oranges and . g
@ carloads of lemons. 2
@ Total to date there were shipped g
@ 26,5SO carloads, of which 3112 were z
O. lemons. g
@ Last season to date there were g
@ shipped 24,707 carloads, Of which e
@ Ball were lemons. g
Los Angeles herald., 1907-08-16
QUARTERS CHOSEN FOR
NEW MINING EXCHANGE

The monthly dues of members of the Los
Angeles Nevada Mining Stock exchange, which
will soon begin business the ground floor in
the H. W. Helman building, have been fixed
at $40 by the governing board The member
ship now numbers 15O. so that the income from
dues will be $1,000 month. The membership
fee is 5000, which each member must pay on
or before August 22 Ample funds will be
available to fit up the quarters.
The space selected is the room occupied by
Robert Marsh & Co., which firm will soon
move to the Security building at the corner Of
South Spring and Fifth streets.
Los Angeles herald., 1907-08-16
STOCKTON POTATOES COST
ABOUT $3.50 A HUNDRED

The city Of Stockton seems to be the present
source of supply for fancy potatoes and large
consignments are arriving almost daily. One
broker has sold six carloads and another three
carloads The price is around S165 hundred
pounds in stockton, the freight being 25c a
hundred to Los Angeles. 1t is expected that
quite soon fancy potatoes will be coming from
all parts of the northern section Of the state.
Los Angeles herald., 1907-08-16
Chicago Live Stock

Ey Associated Press.
CHICAGO Aug. 15.-Cattle receipts, about
$500. Market slow and dull. Common to prime
steers. s4 5Oq5.5G; cows. s3a5; heifers, sSd55O;
calves. 1906; stockers and feeders S25Oqb.
Hogs-Receipts about $4,000. Market 10 cents
lower Good TO prime heavy, S61Od6,30; good
heavy, S6Q610; butchers, s6.20@6.5O.
Sheep-Receipts about 10000. Market weak
and lower. Sheep $a.S0Q6.S5 yearlinss, $3.50
6.55; lambs, s5.75@725.
Los Angeles herald., 1907-08-16
JOHN E. FIsHBURN WILL
REPRESENT CLEARING HOUSE

President w. C. Patterson has named John e.
Fishburn, president of the National Bank of
California, as a member of the charter revision
commission to represent the Los Angeles
Clearing House association. About all OF the
organized bodies OF the city have named repre-
sentatives to act OH the commission.
Los Angeles herald., 1907-08-16
BANKER WILL
GO TO NATIONAL CONVENTION

A. E. Edwards, cashier of the First Ma
tional bank of Pasadena, has been named a,
of the four delegates from Southern
California to represent the Golden state
at the convention of the American Bankers
association to be held at Atlantic City, New
Jersey, September 1926. The full representa-
tion from California will be seven delegates.
The last national meeting was held at st.
Louis.
Los Angeles herald., 1907-08-16
MONEY BLOWN INTO
GOLFERS OF NEPTUNE
Special to The Herald.

Special to The Herald.
ATLANTIC CITY, Aug. 15.-A thou
sand dollars in big bills floating on the
breezes from the Boardwalk created q
sensation among the strollers who in a
wild scramble for the flying green
backs chased across the strand.
The money belonged to Mrs A. c.
Lewis of New York, and was whisked
from her hand as she was being taken
in rolling chair to deposit 1t in the
bank.
Despite earnest efforts of vol --ers.
some of the bills reached the oeean and
fioated away before boats could be se-
cured from the Inlet. The money saved
by the promenaders was returned to
the woman, who was too hysterical to
do more than clutch the bills and go
away without counting up her loss.
Los Angeles herald., 1907-08-16
COMPARISON OF SAVINGS
DEPOSITS IN TWO STATES

An interesting comparison is presented in the
following figures: Savings deposits in New
York state year ago totaled 81, 900.
year ago the savings DEPOSITS in California
reached the sum of s265 900, 900. The savings
deposits average. per depositor, in New York,
$685. while in California each depositor aver
aged s741, showing that there is more wealth
per person in the west than in the east.
Los Angeles herald., 1907-08-16
Financial Record

BY Associated Press
NEW YORK Aug. 15-Prime mercantile pa
per, 60d61h; sterling exchange, irregular
Bar silver 69Isc
Government bonds firm, railroad bonds ir-
regular.
Los Angeles herald., 1907-08-16
WILL NAME COMMITTEE
TO GO TO sACRAM ENTo

President Cole OF the produce exchange has
been authorized :, appoint committee of two
to represent the association at the national
irrigation congress to be held at Sacramento
September to inclusive.
Los Angeles herald., 1907-08-16
LEGAL NOTICE

Sealed proposals will be received at
office of treasurer, Pacific Branch, N. II.
d. v S., Soldiers Home, Los Angeles
county Cal. until 12 O'clock M, Sep
tember 8, 1907, under subsistence,
household, repairs and farm. and then
opened, for furnishing and delivery of
tions and specifications. copies of
which, with blank proposals and other
Information, may be had upon applica-
tion to T. j. Cochrane, treasurer.
9-7-16-30 st
Los Angeles herald., 1907-08-16
San Francisco Shipping

By Associated Press
SAN FRANCISCO, Aug. 15.--Arrived: Steam
er Faklburn from San Pedro; steamer Santa
Rosa San Diego. steamer Jas. S. Higgins San
Pedro.
Los Angeles herald., 1907-08-16
FINANCIAL

LOS ANGELES, Aug. 15.-Bank cearings
were $1775,u667, against s1,7s6,OS1 6S for the
corresponding day last year, decrease Of $1o.-
Set.o1. Following is a comparative statement:
Los Angeles herald., 1907-08-16

THE ANNUAL MEETING OF sToCKHOLD-
ers of Gold River Mining Company will be
held 7:a0 p. m. August q. 1907, at CAT East
Fifty-fourth ST.. Los Angeles. Cal. p. c.
TUBBS, Secretary S-s-lS-lOt
Los Angeles herald., 1907-08-16
LOS ANGELES STOCK EXCHANGE

otticial sales-1 Home first mortgage bond
at S2&c; 1000 Columbia OIL at S11ac; 5000 do at
e4c o. 3U; 10 Home Telephone pfd. at 5sMc; 5
do at 5S&c; 10 Associated Oil at 3Oc Is. 30) 10
do at 3OlAc (B. 30); 10 do at 3Osc; 10 do at 3OAc
Los Angeles herald., 1907-08-16
S]lZZWE0NNElgALEza
PRODUCE DEALERS
FILE A COMPLAINT
EXPRESS RATES SAID TO BE PRO-
HlBlTlVE
Wholesalers Want a Fair Deal in Trad
ing with GoldfieId and Other
Merchants in State of
Nevada

The wholesale produce merchants of Los An
geles, under the leadership of Carl Mcstay OF
the McStay Supply company, have taken the
initiative in the effort to bring the Wes-Fargo
Express company to time in the matter of
express rates that claimed to be prohib-
tive far the business interests of Hos
Angeles are concerned, as affecting the new
territory in Nevada.
At the close of the call session of the produce
exchange yesterday Mr. McStay called the
attention of the members to the express rates
enforced by the Wells-Fargo company, and
offered q motion to the effect that committee
be appointed to confer with officials of the
company with a view of having the alleged
prohibitive rates removed. Carl McStay, Fred
l.. Falls and A. w. q. Thompson were named
as members Of the committee, who will call
upon C. C. Campbell, the local representative
of the company. today, filing formal COM
plant and asking for early readjustment of
the rates.
Los Angeles herald., 1907-08-16
Rates Aaainst Los AnqeIes

Said Mr.. McStay: I'VE have been, waiting
for the commercial bodies of Los Angeles to
take action that would correct many discrim-
the business interests of Los Angeles mer-
chants
Produce dealers have been up against the ex-
press company rates for a long time. Just
think of 1t! Wells-Fargo rates from San Fran
cisco to Goldfed are S. hundred pounds.
The company rates from Los Angeles to Gold
field from 81 to $3.50 a hundred pounds.
Wholesalers in Los Angeles have many busi-
ness friends In the Nevada district who want
our goods, but they cannot give us express or
dersh with the rates remaining as at present.
Consequently Los Angeles is losing a lot of
valuable business, not only in the line of pro-
duce, but also in other branches of trade. The
freight rates are about right but the express
rates are decidedly wrong, and have been out
of adjustment for long time. 1 feel that
Manager Campbell will do all in his power to
bring about better condition of affairs.'
Los Angeles herald., 1907-08-16
New York Stocks

By private wire to E. f. Hutton & Co., Los
Angees).
NEW YORK, Aug. l5.-Following is range
OF quotations on the stock exchange today:
Omen High Low Close