davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1907-09-22
Wall Street and Intrinsic Value.

From the Kansas City Star.
There Is a legitimate Wall street. OF
course hut it does not regard law ENFORCE
mont "a interference with business" The
Wall street that opposes the governments
regu,at ton policy is the speculative street"
that which fattens on imitation. on re-
bates. on unlawful combinations, on extor-
ton on arbitrary coercion, on subsidies and
on graft. When 10 special privileges are
menaced or withdrawn 1t gets excited; 1t
nrotests against its ''medicine; 1t de-
nominees the administration: 1t offers its
own solution of the problem. and that Is
usuallv the proposition to "let well enough
alone" 80,
There is not now and there probably will
not be for a long time to come any depre-
citation in the intrinsic values of production
in this country. The volume Is enormous
the demand is large and the activity In all
directions is great. The soil Is yielding
beautifully in crops. in minerals and in
other values. and the agencies employed In
handling and transforming the raw mate
rial are running full time big profits.
In the west especially there is unprece-
dented prosperity because of the series or
big crops. The bank deposits are larger
than ever before. and an unusually largo
percentage of them is held in western in
situations.
Under these conditions men of sense are
not discouraged. much less alarmed. Le-
Ultimate Investments and enterprises have
nothing to fear. The time is most propi-
tiOus for the correction of unfair and
lawful business methods, and the defend
ers of these methods Will not make much
Roadway in trying to alarm the country
because the. government is Interfering
with their Illicit practices.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1907-09-22
HEARD ON CHANGE

The improved feeling that became ap
parent in the market about the middle Of
the week continued with no change up to
the end so that it may be said the six
days just closed will take rank as rather
notable if they should prove to be in fact
what they appear to be-the actual begin
nings OF substantial Improvement in the
market.
The influence of the revolution, as 1t
might be termed, in the attitude of brokers
and others in regard to the present and
the future can easily be traced In the
course of the quotations of the more
active securities on the list. and while
there has been no bull market, yet the
daily quotations show that confidence had
been sufficiently restored to secure bids
somewhat nearer to actual values
The causes at work to bring about this
reversal in the views of the average man
cannot be exactly enumerated, but in gem
eral 1t may be said a similar movement has
been going on in the larger market. The
pressure for money is not felt keenly
as formerly. and there are other favorable
indications. So that the outlook for the
future Is not dark as was the case at
the beginning of the past week.
1t is not expected the scaling down in
the figures for local securities that has
been going on will be recovered in the
course of the next few days. perhaps
weeks, but 1t is matter of favorable
that the downward movement
was not due to any weakness in the Sc
curities themselves or any falling off in
earning capacity of the companies, but
was mainly due to the Stringency in the
money market.
With the restoration Of the usual de-
mand and the ability on the part of peo-
pie to secure the necessary funds for such
uses 1t Is evident that 1t is only a question
of time when the local stock market will be
restored to its normal condition.
The plan adopted for the financing of
the floating debt of the telephone company
will have the effect of taking from the
board of the local exchange the name of
the present company. 1t Is probable, how
ever. that the new company. which Is to
be. 1t is stated, a Pennsylvania corpora
ton. will take its place. and the au-
thoriZed stock issue will be $50. 100000 it
will be quite the biggest concern in that
respect on the local exchange.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1907-09-22
Blast Furnace Gas.

From the Mining World.
The amount of gas generated by a blast
furnace to produce pig iron is so enormous
that II collected and utilized for power pur-
poses it would prove revolutionzng in man.
ufacturing industries. Thus to produce in an
ordinary well-equipped works about 80 tons
o. pig iron the blast furnace would gener-
ate upward of 20.OO0.00O cubic feet of gas.
To harness this enormous amount of waste
fuel Is the aim of the builders of gas en-
gines. Utilized for generating steam by
burning. about 1.OOO-h. p. could be obtained
but if burnt directly in a modern large gas
engine. the horsepower generated would be
several times as much. Eminent engineers
estimated that even II half this volume
should be wasted or used for heating the
air blast Of the furnace. there would still
be sufficient to produce between 5000 and
1900 horsepower. Such an enormous gas
generator would thus prove of the greatest
value for ordinary manufacturing purposes
Likewise. the gases of coke ovens can be
utilized In the same way, adding greatly to
the Importance of the gas engine in its new
field.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1907-09-22
Foreign Waterways.
From the Century Magazine.


Since We began the neglect and abandon
ment of canals France has quadrupled her
waterways. According to figures furnished
by commercial associa tons the British
isles have 5000 miles of canal, and it does
not all antedate the railroad. The Man
chester canal was built at cost of 49,
100000 to reduce freight rates for a dis
lance of thirtyfive miles. and. while 1t did
not prove good interest -bearing invest
ment ~ such large expenditure. its indl-
rect and more permanent benefits are said
to have warranted 1t. Germany has 5000
miles Of canal carefully maintained, besides
i,OO miles OF other waterway. France.
with an area less than we would consider a
large state, has 5000 miles of canal and in
the northern part, where the canals are
most numerous. the railways are more
prosperous. England, Germany, France.
Holland and Belgium are all contemplating
further extension and improvement of their
canal systems.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1907-09-22
Two Valuable Titians Found.
Cahlegram to The Star.

Special Cahegram TO The Star.
ROME, September 21.-The publication
Rassegna Darte announces the discovery
by George Gronau. the author of a standard
work about Titan OF two authentic paint
ings by him. one at Verona and the other at
Milan. The one at Verona was The Por-
trait of a Gentleman" which has hitherto
been aScribed to G.. 3. Maroni, and which
Gronau now finds Is a genuine Titan. But
a more important discovery Of his was in
the Galleria Ambrosiana of a portrait paint
ed in 1850 of Clan Giacomo de Medici Di
Marignano. A minute comparison of this
picture with the famous Titan painting Of
the Duke of Urbino shows that the former
was painted by the SAFE master. Cnfortu-
nately Ii is rather bal, SIraCkeHk
Evening star. [volume] (Washington, D.C.) 1854-1972, 1907-09-22
MILWAUKEE, STOCKHOLDERS.
-Four Directors Elected at Meeting
Directory Reflects All Old officers.

MILWAUKEE. Wis. September I'll. J.
Petit of Milwaukee was today elected a
director Of the Chicago. Milwaukee and
ST Pau. Railway Company in pace of
Joseph Milbank OF New York who retired
Mr.. Petit is president of the Wisconsin
National Bank Of this city. Three other
directors whose terms expired were re-
elected as follows: j Ogden Armour of
Chicago. Frederick Layton of Milwaukee
and Percy Rockefeller, New York. the lat
ter having succeeded Samuel Spencer. The
number OF shares represented was TGl 900
out OF a total OF l.3O0On. The directors
reelected all the old officers.
President Earring said there was no Off
&ial action taken relative TO the matter of
Evening star. [volume] (Washington, D.C.) 1854-1972, 1907-09-22
Volume of the Shrinkage.

From MOody's Magazine.
The tremendous decline in the values
of stocks and bonds during the past seven
months is estimated by Chandler Bros. &
Co. at over $4,000. 100000. In most years
this shrinkage in the borrowing capacity
Of the holders of these securities-though,
of course. not all are held speculatively--
would have relieved the banking situation
so that money would be cheap. This year
the expansion in other directions has been
so great that the banking situation is now
worse than 1t was seven months ago.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1907-09-22
Copper in Japan.
From Wall Street Bulls and Bears.

From W an Street BNIIS anu BPHrS
Copper with a value of S12.000.o00. stands
first on the list of metals of Japanese pro-
duction. Gold follows with s2,OUO.UOo: then
silver with 81 $50. 600 and iron with 1880
OOO Lead shows $16OOOO: anthony si5.-
00O and manganese. 10000. The value OF
the sulphur output was SYST 900. and the
value of other mine products is triting.
The future of Japan's mining industry.
with the exception of COAL is entirely spec
ulative, with the chances against its i'm
portant development In any line. Yet prob
ably as long as there are indications OF
metals there will be hope and holes in the
ground
Evening star. [volume] (Washington, D.C.) 1854-1972, 1907-09-22
Gold in Yukon Gravel.
From the Mining World.

From the Mining World.
The Canadian government has had eX-
animation made of the gold-producnig dis
trcts on the Yukon to what amount Of
gold was still j be obtained from gravel
banks hilsdes and valleys where the
pioneer miner with placer methods skim
med off the riches. A season spent by
four members of the survey Sampling, Dor
ing and measuring the gravels and they
estimated that there IS still S6T 100000 in
gold to be taken from the gravel. which has
already yielded $119. 900, 600 Advanced meth
DDS will be necessary to recover what is
scattered through the soil
Evening star. [volume] (Washington, D.C.) 1854-1972, 1907-09-22
"Conia gas"
Financial Post of Canada

FROM the flnancidl Oi tdndua
The origin of Coniagas," word well
known as the name of one of Cobalt's rich
properties, Is interesting.
The opinion sometimes expressed that it
was adapted from the Indian language is
plausible, but incorrect.
An essay of the Cobalt ores shows that
they contain four metals, namely. cobalt.
nickel silver and arsenic. or denoting these
metals by their chemical symbols, Co, -
Nj" ''Ag" AS" Prof. Miller, the
Ontario provincial geologist. noticed that
the symbols combined in the above order
would form the word .'Coniagas."
Evening star. [volume] (Washington, D.C.) 1854-1972, 1907-09-22
DIRECTOR
Trust Company
$1,000 Investment

Secures representation Board Direc $500 600
rust company. This is q rare opportunity for
active ambitious man seeking high-class honorable
business connection in addition to giitcdse, big
paying investment that carries with il unusual
banking advantages. Parties of integrity vino can
influence business are invited address for inter
view, BANKER, Box 1ol, Star office.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1907-09-22
Weekly Bank Showing EN-
phasized Better Feeling.
AN IMPROVED SITUATION
Market Was Quiet, But Undertone
Notably Strong.
ACTIVITY IN BOND DIVISION
DAYS News Events Attracted Little
Notice-New York City Securities
the Main Topic.
AN IMPROVED SITUATION
ACTIVITY IN BOND DIVISION

NEW YORK, September 21.-Today's
strong bank statement emphasized the bet
tor ceiling which has been in course OF
!rrNth in the financial world throughout
t.. week The stock market quiet. but
tho ruirrtoue was notably strong. and
tier was none OF the pressure To realize
profits usual at tie close of week of ad-
yaIae,. when sentiment g much unsettled.
Tie improved situation was reflected even
5uur. prprouucedly in the bond division.
where comprehensive advances occurred.
though IN a moderate volume Of business.
The continued absorption of the New York
city 4ls per cent bonds on a rising scale was
u paramount factor in the bond market I'M
prpvnment The ffty-year bonds sold at
iOTs.. and the ten-year issue at 11. COM
pared with Issue prices OF 1O2 and below lO1
Respectively.
THIS IS the season of the financial year
when the New York banks often sur
rendering barge cash holdings to supply the
Interior demand for currency. and at the
same time effectinE drastic cuts In the loan
items to Ill deposits to the reserve proper
ton This weeks statement, the con-
trary. with the liberal loan expansion of
sI.Gf 500. has seen added to their cases
holdings at the same time in the sum of
A.JD. PJD. the net result being an addition
10 the surplus over the legal reserve re-
lVIraTeut of Sl.4Si 100
News incidents of the day GId not receive
anu. % attention. nor did the many rUmOrS IN
circulation of a determination by authori
Ties in the copper companies to reduce the
dividend distribution on those stocks.
Earnings Statements.
The July earnings statements of the Har
rlman PaCltCs were striking for the heavy
Increase of operating expenses. Union Pa
CITIES gain in gross earnings being convert
ed into an actual decline In net earnings by
this process The S3T. 100000 decrease in
loans reported by the New York state trust
com pluies from June to August - was
regarded interesting confirmation of the
similar showing of the new York banks in
proving the loan expansion reported by the
national banks of the whole country for
that period 10 be confined to territory out
side OF New York. The market closed
strong.
Bonds We're strong with greater activity.
Total sales. par value. 81. 5I6.0OO.
United States IS registered have advanced
,. per cent call during the week
Evening star. [volume] (Washington, D.C.) 1854-1972, 1907-09-22

During 1905 securities to the amount of
81 ts37 10000 were issued In America and
S6U0. oC00 900 in England The securities Of
fered in the United States thus far this year
by transportation and industrial companies
total l.106, I39 900 against SSS2.370. 900 n
the similar period of 1896.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1907-09-22
London Wool Auction Sales.

LONDON. September 21.-The fifth series
of the wool auction sales is scheduled to
open Tuesday. September ~, and To close
Friday oct her 4 During the first five
DAYS 30 900 bales ill be offered.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1907-09-22
Capital Raised Since 1871.

rom the New 1OrK sum
A statement published by the government
of France shows that in the thirty-ive
years, 1s71-1905, inclusive. nearly $65OOo.-
900. 900 of capital was raised in the principal
countries of the world.
Here are the decade year flgures-1SI1 to
19OI-and for the years 1902 to 1905, in
Evening star. [volume] (Washington, D.C.) 1854-1972, 1907-09-22
lTew York Mining Stocks.
Railway Mileage of the World.

From the Railway Age
The Archiv fur Eisenbahnwesen estimates
the railway mileage in the whole world at
the end of 1905 at 562 80 miles. divided ~
countries as follows:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1907-09-22
FINANCE AND TRADE IN
MARKETS OF THE WORLD

an oriental steamship line to be operated
in connection with the systems Pacific
coast line.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1907-09-22
Washington Stock Exchange.

SaIcs-ReSular call l. O'Clock noon-Capital
Traction IS. s., 900 at 110A.
Washington Rwy. and Elec A. 81 900 at so,
SO2., 500 at S0%..
Washington Gas, 80 at 71h.
Lanston MOnotype. 10 at IL. 30 at IL.
Union Trust Warrants AT lO1A
Evening star. [volume] (Washington, D.C.) 1854-1972, 1907-09-22
New Ravens Proposed Stock Issue.

NEW YORK. September 21.-The board OF
directors of the New York, New Haven and
Hartford railroad held meeting here to-
day to consider the question Of issuing new
stock, but nothing definite was decided
upon 1t is Understood that another meet
ing will be held TO determine the question
President Mellen said after the meetin,
that II ire was nothing to be said as TO tina
action OF the board.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1907-09-22

For the first time since the decline began
in the price of copper metal the manufac
turers and consumers are showing willing
ness to get into the market and provide
themselves with supplies for the future.
They are holding off. however, for 14-cent
or lucent copper. and if the price should
get that low they will probably take on
a big line One of the large consumers
expresses the opinion that at IA to Az
cents consumers would buy 10000, 600
to 175,OO0OOO pounds. or eighty to ninety
days supply. Purchases on that scale
would absorb nearly the entire accumula-
ton of copper in sight and would immeas-
urabIy relieve the situation.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1907-09-22
New York Closing Stock List.

Sales ClOsg
High. Low. Bid.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1907-09-22
LOCAL STOCK MARKET.
Range of Prices Week Ending Sep
TENDER 81, 1907.
Boston Stocks and Bonds.

BOSTON. September 81.
New-York tribune., 1907-10-04

England in Canada and Australia were invited to
attend officially at 1880 o'clock morning
The house agreed to hold business session on
Saturday on account of The BrutOn Church exer-
cises.
The House of Deputies found time 70 indulge in
a little frtvolty telegram received from
the negro institute at Hampton. Va. inviting the
latter Dr. Randolph McKim. president OF the
house. to whom the telegram was addressed,
marked incidentally that the dispatch had cost him
81 %. No action was taken the invitation. The
House of Bishops received similar invitation and
a committee was appointed 10 respond.
The Diocese OF Springfield. ILL., presented a petit
ton asking communicates to aid in the building
fund of SITS Peter and Paul Cathedral. at
Washington. and to remember Il in their wills. A
resolution was adopted commencing the construc-
ton of the National Cathedral
Several memorials bearing on the rernarriage Of
divorced persons were received n both houses
In both houses concurrent resolution was adopted.
expressing satisfaction that high moral position
had been taken on this subject since the last gem
eral convention, and the hope that positive action
would be taken at the present convention
The New Jersey Diocese presented an invitation
from Atlantic City, inviting the convention to
there in 1910.
Bishop Gibson Of the Diocese OF Virginia. gave
a reception tonight to the members Of the House
bishops. Tomorrow will be mission day in the con-
ventton.
New-York tribune., 1907-10-04

the Nazareth Nursery. In West 18th street. which
founded by Father Van Rensselaer, several
years ago.
The Van Rensselaer, family is one OF the oldest
In this state. Steven Van Rensselaer,, the grand
father of the priest, contributed toward the build
ing of the first Roman Catholic church in Albany
although he was Eplscopalian. During the
Revolution the Van Rensselaer, estate the
largest In the vicinity OF Albany and when Henry
Van Rensselaer, the father OF the priest, married
Miss Elizabeth King. he came into control Of a
large estate in Ogdensburg. Father Van Rensselaer,
was the oldest son. and 10 him came a large part
OF the family fortune
His first absence from the hospital was last
june when he seized with a convulson II
Union Square. After several days in the New
York Hospital ne went to one OF the country
homes of the Jesuit Order. where he stayed until
last month, when he much improved that
he again resumed the active work which under
mined his health.
second attack seized him while IN the hospital
on tho 18th. Then he induced 20 stay in the
institution. but he pleaded be permitted 10
dlrect tho various charitable enterprises which
ne had founded. Every morning he said mass
until week ago Sunday, when he oficiated at
the o'clock mass In the hospital The night be-
fore he had heard confession. there being more
than hundred men who TO him for soace
This ordeal resulted in breakdown after the
mass and Father Van Rensselaer, became a bed
patient. Several days ago his condition became
so serious that consultation OF physicians was
held.
On Wednesday his sister called 10 his bed
side. and DR.. Francis Delohed. his brother-in-lav
who Is OF the visiting physicians of St-Vin-
cents Hospital. Joined tho doctors in attendance
Early yesterday morning his condition improved
slightly. but HIS death sudden.
The body was removed TO the chapel In St Francis
Xavier's College 1t will remain there until Sat
urday. when n requiem mass will be hold in the
church by Father Hannselman and the assistant
Jesuit priests The body will be buried in the
Jesuit plot AT Fordham. Besides Sister Dolores
Father Van Rensselaer, leaves two other sisters,
Mrs George Waddington and Mrs Francis Della
field. and a brother. John Van Rensselaer,, who has
been staying at the hospital since the priest was
taken seriously Ill.
Father Van Rensselaer, member OF the
knights OF Columbus and the Ancient Order OF
Hberniaus. a director of the Mems Sodality the
Young Mems Sodality. the ST Vincent de Paurs
Society and the Xavier Club.
New-York tribune., 1907-10-04
REVERED PRIEST DEAD.
Father Henry Fan Rensselaer, Er-
pires at st. Vmcent's Hospital.

The Rev. Henry Van Rensselaer, died at ST. Vim
cents Hospital yesterday morning. Death was due
10 Brights disease. He first showed signs of fail
ing health last June
Father Van Rensselaer, was one of the best
known Roman Catholic priests in this city. For
the last ten years he assistant pastor of ST.
Francis Xavier's Church. in West 18th street Man
haitian.
He was born at Ogdensburg. N. Y, in 1851, and
was educated for the Episcopal ministry. until he
renounced that faith TO enter the Roman Catholic
Church. On October 81. 1S7S he entered the Jesuit
order at ST. Francis Xavier College. Then he
sent to Loyola College, Baltimore. where his first
five years as a novitiate spent. From there he
became student of theology in the Jesuit Sem
mary at woodstock Md, where he finished his
education as a priest
After teaching at Fordham College. Father Van
Rensselaer, was formally ordained a priest the
Jesuit church where he remained until his death
Although Father Van Rensselaer, had considerable
wealth. he declined to use it for himself When he
became converted to the Roman Catholic faith all
of his property was decided to the Church Shortly
after he entered the Catholic seminary one of his
sisters also became convert and the order
of the Sisters of Charity. She assumed the name
OF Sister Dolores. and is at present in charge of
New-York tribune., 1907-10-04
POLICE IGNORE HEARST sUBPGNAs
Ruled That They Need Not Appear to Tell
About Mayoralty Election.

Police captains who have been summoned To
appear before the Superintendent of Elections
TO answer questions regarding the mayOrality
election of 1908 need not obey the subpoenas.
according TO opinion given yesterday by Cor
poration Counsel Pendleton. About fifty polies
captains were summoned by the Superintendent
of Elections. and the summons was so vague
that the men appealed TO Commissioner Bing-
ham, The Commissioner asked the Corporation
Counsel for advice. \ part OF the Iatter's an
swer follows:
''The power of the State Superintendent OF
Elections to issue subpenas is purely statutory.
and If no warrant be found in the metropolitan
election district law authorizing investiga-
tion such as the Attorney General contem-
plates, the subpoenas are void and need not be
obeyed. No power is anywhere vested In the
State Superintendent to investigate the legal
ity OF an election. His duties relate solely In
vestigating the status of registered voters"