davidaulloa/AmericanStories huggingface dataset:
The Washington times., 1907-07-28
MACHINISTS' PICNIC
At MARSHALL HALL

Marshall Hall viii be the rendezvous
tomorrow OF the Junior Machinists
Lodge No. i. international Association
OF Machlnists. Of the Washington navy
yard and naval gun factory. the OccE-
sion being the annual excursion of the
organization Invitations have been is
sued 20 the lady friends Of the members.
and the gathering promises to be one
Of the largest. jolliest crowds that has
ever gathered at the cid river resort.
Many OF the members OF Columbia
and Washington lodges viii accompany
the juniors on the trip.
The Washington times., 1907-07-28
FAILURES LAST WEEK
ABOVE 1902 RECORD

Commercial failures last week in the
United States, as reported by r. c.. Dun
& Co, are 215 against 1S2 the preceding
week. and 216 the corresponding week
last year. Failures in Canada number
g. against 20 the preceding week, and 10
last year. Of failures last week in the
United States. 70 were in the East. a
South. Il West. and Is in the Pacific
States. and "a report liabilities OF $500
or mere. Liabilities Of commercial fail
ures reported for July TO date are So
34s.s2i. compared with $5.122079 a year
ago.
The Washington times., 1907-07-28
JOHN \. A DELINQUENT
ON OHIO TAX BOOKS

CLEVELAND. Ohio. July 27-John d.
Rockefeller is made a delinquent on the
countys tax books. He failed to pay
S76 due to the county as taxes upon
a personal return Of $500 of property
at his Forest Hill home.
Treasurer Madigan viii take the same
procedure against John D. as against
other delinquents. He viii dun the
oil king" and If he refuses to pay.
rest HILL The oil king will lose $3.50
by this negect, the regular per cent
uenaItV
The Washington times., 1907-07-28
BANKERS WRITE VERY LITTLE.

1t IS very seldom that an article on
banking. written BY a banker, or at his
dictation. is found III the daily papers.
Yet when such articles are published
they are commented upon ~most exten-
sively. The very fact that theoretical
banking comments are taken Up by the
daily press and spread among the nu-
merous readers shows that there Is a
reSl desire and a large field fer this
class of knowledge.
The Washington times., 1907-07-28
FIRES DUE TO cARELEssNEss.

The official reports Of the London fire
department show that more than p per
cent of the fires in the worlds metrOpo-
lis, the total bei5g nearly 1900 a year
are caused by the thoughtless. practice
of dropping matches and throwing down
other lights. Children playing with FIRE
and matches were held responsible for
about 8 per cent of all the fires.
The Washington times., 1907-07-28
THE KAIsERs FoUR cHEFs.

Kaiser Wilhelm keeps four chefs
ScIiedenstucker. a German; Harding, an
Englishman; an Italian. and a French
man-so that he can have uhis meals for
the day served in the style of whatever
nation he may happen to fancy.
The Washington times., 1907-07-28
NEW YORK COFFEE MARKET.
BANK STATEMENT.

SurDlus OF the banks IS 81 90,
against S1S.sO2.475 last year. and SIS. 3O5, ,95S
two years ago.
Decrease.
The Washington times., 1907-07-28
Financial.
Let Us Demonstrate

We think we have the most eXpen-
sively equipped rental department in
the city. is IL because We have the
largest. rental business. or because
we find Il necessary in order TO give
the best service2 or Is the magni-
ttide OF our rental business due %
our fine equipment We would like
70 answer these questions by demon
strating 10 you how we make prop
erty pay
SwartzeII, Rheern 6
HenseY Co..
WARNER BUILDING.
s16 f STREET NORTHWEST
The Washington times., 1907-07-28
PRICE CHANGES OF WEEK
ON WASHINGTON 'CHANGE

The following table. furnished by
Griffin, Halstead & Co, brokers, 1344 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:
Rn1ale Orn.r, IIfrrI, I az L q -
The Washington times., 1907-07-28
new YORK-STOCKS, BONDS AND MISREPRESENTATION
NEW YORK STOCKS

TCuotations furnished hv A o. Brown =
Co, Munsey Building: Members New York
Stock Exchanzs.l
The Washington times., 1907-07-28
Undertone Steady.

Tcday's market was the same curious
compound OF pro fit-taking and special
buying operations that yesterdays
dealings had presented.
The tendency was uncertain. But
the strength in a few selected stocks
served to keep the undertOne steady and
cheerful throughout Missouri, Kansas
and Texas was the feature, advancing
another point and a half on estimates
that. the earnings are now equal to
nearly per cent on the common shares,
after making fun payment on the pre-
ferreG.
Texas and Pacific, Cotton Oil. and
Virginia Chemical were also notably
strong. while among the regularly active
stocks, Southern Pacific and United
States Steel were the most conspicuousiy
firm.
Rates for Sterling.
Posted rates. sterling exchanga. 4.S4l90
ass, with actual business in bankers
bills at 4S715 574.SI.2O for demand, and
4-S2S0G4.95 for sixty-day bills.
Prime mercantile paper, unchanged.
London bar silver. 81 1915.
New York bar silver. GS1s.
Mexican dollars, 81.
The Washington times., 1907-07-28
BRIGHT OUTLOOK
FOR FALL TRADE
Dun's and Bradstreets
Both Optimistic About
AutumA Prospect

II is still noteworthy, says Dun's Re
view, that there Is practically none Of
the customary complaint OF midsummer
dullness in commercial or Industrial
channels. on the contrary. reports from
many cities announce that all the back
waraness OF the early session IN light
weight fabrics has been made UP, anu the
liberal distribution of merchandise Is
accompanied by steady Improvement in
mercantile collections. Preparations for
fail and winter proceed with evident
confidence. and lines that usually re-
port frequent cancellations at this sea-
son are holding their business nearly in
The Washington times., 1907-07-28
Lun in Some Lines.

Industry exhibits q Iull IN some lines.
notably iron and steel IN its cruder
forms. though the immediate effect OF
the strike of iron Gre miners in Mime
sots has been 70 stimulate. temporarily,
at least. the demand for pig iron at
all markets. Lumber is quiet. especially
at the South. where production Is being
curtailed, and prices are easier as a
whole. IL is significant. however. that
one OF the country's basic industries-
coal-is very active at the West, with
general stocking up reported. and good
quality bituminOus coal sells well al
the East Another industry showing
marked activity is that OF jeweIry manu-
featuring, which apparently shows no
sign Of a summer shutdown. The crops
seem 10 be doing wen.
The Washington times., 1907-07-28
MARKED APATHY
IN WALL STREET
Tendency Uncertain and
Lacking in Any Special
Feature.
General Recovery From
Low Prices at Close OF
Short Session.

NEW YORK, July z7.-Today's stock
market was sluggish and irregular
trading being of nominal proportions
and only about half as large as in the
first two hours of business yesterday.
The market came almost to a standstill
lust previous TO the publication Of the
bank statement afterward receded
slightly and finally rallied fractionally.
Early Figures Showed Declines.
Early figures showed declines from
Yesterdays closing prices of 1k4A per
cent In Erie common, st. Paul, Union
Pacinc. Copper. and the I'm shares.
In the late rally Union Pacific, Steel
Common. Brooklyn Rapid Transit, and
other issues advanced TO above yester-
days last prices. Reading was sup
ported throughout. Toward close there
was a further hardening in prices in
which Missouri, Kansas and Texas was
prominent at net gain OF nearly
t,oInts Texas Pacific also showed
strength. At the finish there was a
general recovery, which in most cases
brought prices above yesterdays close.
Southern Pacific and Union Pacific LETT
off at the highest prices Of the day.
Some other of the leaders made almost
as good a showing. Government bonds
unchanged; railroad bonds steady.
The Washington times., 1907-07-28
Little Idle Machinery.

In the leading industries there IS little
idle machinery. steel and cotton mills
reporting orders further into the future
than other branches. and the only mem
ace TO more new records Of pig iron pro-
ductiOn is the interruption 10 ore move
nIent by the strike that has reduced
shipments about 2.000.oO0 tons in three
weeks.
Bradstreet's says: High temperatures
have stimulated crop development as a
whole. helped retail trade in Hight sum-
nfer wear goods, and improved recorder
business for the latter with 1obbers. all
theEe influences favoring some growth
OF the feeling that early poor starts In
crops and trade have been largely made
up for. There is about the usual mid
summer quiet in future trade lines. but
fall samples are prepared, low-rate ex-
cursiOns begin next month, shipments Of
fan goods are increasing. and collections
have improved at various markets.
The Washington times., 1907-07-28
FINANCIAL GOSSIP.

Earnings OF the Southern railway
snow great improvement for the hrs1
month OF the new fiscal year. At the
same time, operating expenses are low
er, which is encouraging.
The Washington times., 1907-07-28

The first Philippine postal savings
bank was opened for business at Manila
on October I. 1915. Three months later
there were sixty-two banks IN operation
in various parts OF the islands. These
had 621 depositors. having TO their credit
So. 500.
The Washington times., 1907-07-28
THE CURB MARKET

fcuotatIons furnished by A. o. Brown
Co.. Munsey Building; Msiabers New York
stcck Exchanged
The Washington times., 1907-07-28

There are few industrial companies
that are now showing larger profits on
their respective preferred stocks than
the Republic Iron and Steel Company
The present market valuation Of the
common shares OF the Republic Iron
and Steel Company is approximately
s. 500 600. or not much more than the
average net profits per year based on
the showing over the last two or three
months.
The Washington times., 1907-07-28

The annual demand for cash from
the interior for the moving OF the crops
soon will be made. and time money IN
Consequence has been frmcr. Call money
is easier, but this mainly is because
there is no great demand for It. Many
bankers, however. are of the opinion
that the Secretary Of the Treasury may
make large deposits OF public funds In
the banks of New York at the time
when the stringency begins to be felt.
distribution 10 other financial centers
to be made later.
The Washington times., 1907-07-28

Few persons, even among the BOND
dealers. realize that the average price
of bUnis was lower at the end OF June,
1907, than for many years.
The Washington times., 1907-07-28

The next move in the suit OF the Penn
syIvania Sugar Refining Company, re-
ceiver, to recover from the American
Sugar Refining Company SIS, 900 al
legged damages. will be taken up shortly,
when ev!Geare will be taken in Balti-
more and other places 70 prove that the
sO-called trust is a monopoly and has
killed competition. When this evidence
is gathered the court proceedings will
be started.
The Washington times., 1907-07-28

In 1906 the average number OF en-
ployes Of the United States Steel Cor
poration was 202.457. and the average
wage per man was S725. an increase nf
$14 as compared with the preceding
year. and S47. compared with 1904. The
total amount paid out in wages by the
corporation in 1906 aggregated S147, ,765,
900. an Increase Of nearly S5O,OOOOOO as
compared with 1904.
The Washington times., 1907-07-28

Nothing better serves to Indicate tho
midsummer dullness in the stock market
than the fact that d seat on the New
York Stock Exchange has been sold
for 81, 500 as against $4,000 recorded for
the last previous sale. When activity
reigns the price Of seats goes up. Bust
ness is not so good now, but many
brokers say that If Mr.. Hartman is
given half a chance he viii make IL
better.
The Washington times., 1907-07-28

The annual report Of the Calumet and
Hecla Mining Company for the fiscal
year ended April 80 shows that during
the year ti.e company produced mineral
equal TO 4629s tons refined copper. as
against 1852 tons last year. The prod
uct OF refined copper was l6,949 tons.
For the previous year the product of
refined copper was 5O.5l5 tons. The
price OF copper has varied from lS%
cents 20 2JA cents a pound.
The Washington times., 1907-07-28

AS Monday is the beginning OF the
settlement in London, the past few days
transactions seem 70 indicate that there
has been a more considerable bull ac-
count open on the other side than had
been thought likely. London usually
buys Steel near the dividend time. but
the selling Of the Hartman stocks
would indicate that speculat6rs there do
not care about carrying their holdings
over the last settlement in July. In view
of the postponement Of the dividend
declarat ton
The Washington times., 1907-07-28

At no time in the history. OF the New
York stock Exchange has the market
been more entirely in the hands Of the
professional element which dominates
the trading. The general public, as II
Is called, is inclined to be afraid Of a
market Of this sort.
The Washington times., 1907-07-28

The directors of the Chicago. st. Paul.
Minneapolis, and Omaha Railway Com
pany have declared the regular semi
annual dividend Of S1k per cent on the
preferred sto0k. and 3lk per cent on the
common stock, payable August 20.
The Washington times., 1907-07-28

The report that f. II. Hartman Is go
ing away for four or five months is de-
MED. Mr.. Hartman says he expects 70
20 away in about two weeks 10 be gone
two or three weeks to make his annual
cruise over the Union and Southern Pa
Cific.
The Washington times., 1907-07-28

The Amalgamated Copper Company
has on It's books the names OF more
stockholders. probably, than any other
mining corporation in the world. Nip
issing has 9.OOe stockholders, while
Homestake has $50 shareholders.
The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1907-12-18
MUST CUT EXPENSES.
The Government Is Facing a Deficit
for the Coming Year.

Washington, Dec. 1S.-Chairman
Tawney of the house committee on
appropriation, which was appointed
by Speaker Cannon, has effected or
ganization by the appointment of sub
committees.
AT the close of the committees
meeting Chairman Tawney dictated
the following statement:
1.-The committee on appropriations
and congress are confronted with a
situation which will require a very
material revision of the estimates sub
mitted for public expenditure for the
next fiscal year, ending June 80, 1903,
in order to keep the appropriations
within the possible and estimated rev.
enues of the government.
1.-THE estimates submitted at the be-
ginning of last session Of congress for
the new current year totaled $685.
960,643. The estimates for the next
fiscal year, submitted at the begin
ming of this session in the book of es-
Inmates, totaled 1896, 949,23S, or an in
crease in the estimated expenditures
rent year of 500, The esti-
mated total revenue for the next fiscal
year is $S78, 123, OIL, while the actual
revenues, including postal revenues,
received during the last fiscal year
which total revenue was larger than
that of any previous year in the his
tory of the goveEnment-was only
ss46.725,339. @af4 sos
1t Will seem, therefore, Inat on
the basis of the estimated expepdi-
lures and the estimated revenue for
the next fiscal year the expenditures
as estimated exceed the revenue by
$11S,S26, PIT. This excess does not in
clude estimates for the regular de-
fciency and miscellaneous approprfa-
lions which for the current year
amount to s13, 147,Ss9. Nor does 1t
include any new appropriations for
spontaneous expenditures. From this
total of $118,S26, PIT, however, should
be deducted SIS, 900, 600, which is in
cluded in the estimated expen ditures
notes This expenditure is not mace
out of the current revenues, but out of
the statutory fund obtained from ma
tional banks, which fund is not car
ried as part of the governments reve-
nues.
.'Deducting the .s25.o00.000, still
leaves a deficit of $93,000.000 between
the estimated expenditures and the es-
timated revenue. and shows the neces-
submitted by the several subcommit-
tees having jurisdiction for the ap-
preparation for the next fiscal year. in
order to keep expenditures for that
year within possible revenues, and
thus avoid a deficiency.
. "It also shows the practical fmpoS-
sibility of congress at this session OF
new governmental SER
vices Or the undertaking of new pro-
iects, appropriations for which would |
have to be met out of the revenue in |
coming for the next fiscal year-un- |
less other provision is made for meet |
ing such expenditures than to require |
hem to be betrayed out of the cur |
rent revenues of the government.
The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1907-12-18
ATHLETICS AT wAsHBURN.
Board Unable to Agree on Student or
Graduate Manager.

Is Washburn college to take a step
forward in the management of col
lege athletics or will it take back
ward start in this regard. This Is the
question which at the present time
seems to be puzzling the athletic
powers that be of the Topeka school.
Several times the athletic board of
Washburn which has charge of all
athletic affairs in the school have
met for the purpose of electing an
athletic manager for 1908. But as yet
they have been unable 70 agree upon
any proposition. The question may
be decided tomorrow.
There Is a strong sentiment among
the members of the athletic board in
favor of employing a graduate mana
who prefer to do as they have done
in the past Of employing a student
manager to look after the athletic in
terests of the school. 1t is these propo-
sitions which have deferred definite
action thus far.
Washburn has during the past sea-
son taken a decided step in advance
in the realms of college athletics. The
past season both from an athletic and
financial standpoint mas been a de-
cided success. 1t has also practically
been the first time in the history of
the school that a graduate manager
has had charge.
Among western schools the most
successful are those who have gradu-
ate managers. Kansas university with
Manager Lansdon. always has good
season financially. Before Lansdon,
U. S. G. Plank as graduate manager
was a success. At Nebraska, Manager
Eager was made manager at the close
of his senior year and has since then
been manager. and has been decided
success. Colorado university and
Colorado college both have graduate
managers. Oklahoma has graduate
manager. Missouri has a graduate
manager. And, in fact, almost every
The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1907-12-18

principal cities along the route. Sew
eral hours will be spent fT Topeka and
various places of interest in Topeka
The first stop after leaving st. Joseph
will be made at Kansas City, No
Topeka will be the second stop. The
other stops along the line will be
made at Wichita, Kingf1sher, FL Reno,
Fort Worth, Dallas, Waco. Austin.
San Antonio, New Laredo. Guada-
lupe, Monterey. Saltillo, Vanegas, San
Luis Potosi and Queretaro.
The personnel of the party will not
be limited to Shriners but others will
be allowed to take the trip. A liberal
rate has been made by ali the roads
on the itinerary
The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1907-12-18

school of any Importance has a gradu-
ate manager. A student does not have
the time necessary to look after the
athletic interests properly and must
either neglect his studies or the ath-
letic affairs. Then too a student does
not have the standing with the bust
ness men and railroad men with
whom 1t is an absolute necessity to
deal in order to attain a strong finan-
cial success in the management of
athletics.
So much for the graduate manager.
As for the student manager, no mat
ter how strong he may be, he is not
looked upon with as much respect as
a graduate manager. The only recon-
mendation for the student manager is
the fact that it would robably cost
less. His salary wouIc not be so
much. But If little more had to be
paid in order to employ a graduate
manager it looks as though it would
a graduate manager is better prepared
to give his best efforts to his work
and is able to pull his strings along
lines where better results can be
gained, it would seem that the Ques-
ton of salary ought not to enter.
Without considering any of the
respective candidates whoever they
may be. it would seem that the inter-
ests of the school in athletics If they
be pushed forwards as they have been
during the past season demand the
election of a man who can devote his
whole time to the work. The business
men and those interested in the team
outside of the school, but upon whom
the school Is dependent for patronage
are heartily in favor of the plan Of
employing a student manager.
The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1907-12-18
C0RTELYOU'S DENIAL.
Secretary Says He Is Not a Candidate
for Any Office.

WASHINGTON Dec 1S.-Secretary Cortel-
you; IN signe IS sfaemen promounc eS
undue political activity of his friends in
forwarding a movement in his interest.
The secretary declares that neither be nor
his friends have used their influence in
behalf of any candidate for the presidency
and that he has not been a candidate for
He adds that If he should hereafter decide
to be a. candidate for any office he will
'December II, 1901 do not know that
I am called upon to make a statement at
this time but in view of the various ru-
liticaI activity of friends of mine in my
interest, 1 will say that 1 have not been
dence of the people in the discharge of my
duty as secretary of the treasury. I have
whose names have been mentioned in this
connection, sought to influence political
movement in my interest. have not, nor
indirectly to secure political support for
or against any candidate for the presiden-
cy and accusations that such has been
in no one of the three departments with
which have been connected, have I au-
to attempt to influence any such move
ments, nor shall I do so. In common with
as to policies and as to candidates, but l
shall refrain from expressing them until
I believe it is proper for me to do so. Up
on this statement am entirely content to
leave the people to draw their own con-
illusions regarding such rumors as these
to which have referred. If in the future
shall decide to be a. candidate for any
office shall be prepared to say SO frank
ly and state the grounds upon which !
try, as have tried in the past. to conduct
the treasury department for the benefit of
soIuteIy without regard to whether any
action I may take in the line of my duty
may adversely affect my personal or po-
Tsigned.I GEORGE B. CORTELYoU."
The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1907-12-18

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