davidaulloa/AmericanStories huggingface dataset:
Aberdeen herald. [volume] (Aberdeen, Chehalis County, W.T.) 1886-1917, 1908-01-30
The Origin of the Money Crisis.
By JACOB h. SCHIFF. New York Banke

wYorkB
AqEzzv
TOO GREAT AN EXPANSION OF ENTERPRISE OF EVERY
u NATURE BOTH CORPORATE AND INDIVIDUAL THIS, AS
CONSEQUENCE, CAUSED A STREAMING OF FINANCIAL
REQUIREMENTS, AND PARTICULARLY
YoND LEGITIMATE PROSPERITY EXPRESSES
PERHAPS. BEST THE CONDITION WHICH EXISTED WHICH
BROUGHT ABOUT PLIGHT.
Nothing is probably largely responsible for the BREAK
DOWN the Obsnacy with which enterprise became ostered
In the volume of business which developed
quarter in the face of STEADILY INCREASING MONEY
SCARCITY and further the stubbornness with which
sisted that the prosperous and rich that particular
CAUTION AND PRUDENCE WERE NOT NEEDED the march
forward made with totally unprotected
Look only the number of SO CALLED companies called
into being during wears which under false flag bid for and
attracted millions upon millions of deposits be used for e
mate banking but for IILEGITIMATE PROMOTION, from
which could withdrawn when their asked for
BY whom they belonged And alone financial quarters
had developed this PROSPERITY MADNESS In industry and
prudence had likewise been thrown the winds The
merchant when warned they EXPAND
ING TOO LARGEIYtha they sranng their credit
exreecornuy rejected the advice 60 slower
pace
Aberdeen herald. [volume] (Aberdeen, Chehalis County, W.T.) 1886-1917, 1908-01-30

burdens and determinations which placed by the states which
sovereign each and sovereign absolutely the others upon
the several the constitution likely would
have been adopted. That ONE OF IT'S PRINCIPAL.
INSPIRATIONS a least.
CONGRESS ABSOLUTE
COMMERCE
PRESCRIBE CONDITIONS
CONSTITUTION
CONSTRUCTION
has recommended that the Sherman antitrust be
amended ought be amendedn the of the people
ought be amendedbu if the price such amendment be
federal United States
my standpoint, HAD BETTER LET THE SHERMAN ACT
ALONE This federal license law predated upon the FALSE
NOTION that the has the the
who interstate that the state has to
whether Will permit foreign corporations do business within its
borders.
THE PEOPLE OF THE UNITED STATES OUGHT TO
TIME BEFORE THEY ALLOW THE COMMERCE OF
UNITED PUT IN STRAlTJAcKET, TO BE
WASHINGTON
Let KEEP TIE CHANNELS OF COMMERCE. FREE,
allowing corporations unreasonable restraint of
modies from
Aberdeen herald. [volume] (Aberdeen, Chehalis County, W.T.) 1886-1917, 1908-01-30
Federal Tax on Inheritances
Not Needed. - ''H q a.ass% sS.l fsv. Professor

Americans of the last generation the inheritance
FISCAL CURIOSITY, but today it is found in
~ fewer than thirtyfou and must be accepted
compished fact of American finance.
The inheritance employed by the several states
levied clearly to raise
TO REDUCE SWOLLEN FORTUNES. The proposal
that there is in the United States UNDUE
ton of wealth and few hands, and be denied at
many thoughtful have such conclusion But if the
existence of such tendency be admitted THE INHERITANCE
TAX is NO REMEDY therefor
EXCESSIVE FORTUNES RECKLESS
MANIPULATION CORPORATIONS THE OBVIOUS
REMEDY CORPORATION ELEVATE
New legislation be needed points, but RELENT-
LESS ENFORCEMENT OF EXISTING LAWS against conspr-
and theft would probably far accomplish the desired result
Such remedies simple and old fashioned but they have potency
exceeding all schemes for social regeneration through of
congress-
federal government needs additional
moment raise AN ADDITIONAL HUNDRED MILLIONS by
beer and tobacco the figures enforced during
and local have such
venien
FINANCIAL REASONS, THEREFORE,, AN INHERITANCE TAX
SHOULD THE SEVERAL STATES FOR ECO
NoMC REASONS ITS FUNCTION SHOULD BE TO
RAISE NOT REFORM THE DISTRIBUTION OF
WEALTH.
Aberdeen herald. [volume] (Aberdeen, Chehalis County, W.T.) 1886-1917, 1908-01-30


RECENT FINANCIAL
TURBANcE ATTACKED WE SIX MONTHS BEFORE
L.
FORE, A MONEY.
For the eight have had such unprecedented
perity that people HAVE GONE WILD COMMERCIALLY.
Our banks have been overowing with result of immense
trade balances All industries being developed
scale WE HAD NO RIGHT TO EXPECT
THAT SUCH CONDITIONS WOULD BE WITHOUT END
Nevertheless properties bonded far in of INHERENT
vae stocks issued far beyond the inherent worth of the assets
of the corporations issuing them They the market sold
and od for times their values in instances and gene
ally for prices of their value Banks gave credit
these stocks their SELLING PRICES rather than their REAL
VALUES considered from the standpoint of the reasonable earning
capacity of the institutions issuing them.
The banks have set that they must have MORE MONEY
in other Words they cheaper the value of the of the
country by extensive expansion for the continuing
float the ABNORMAL volume of the stocks and bonds involved
This however, impossible of accomplishment SOME ONE MUST
LOSE ON ACCOUNT OF THESE EXCESSIVE VALUES. And
think perhaps the get bedrock values of all
nduas the better will be for the country. THE BANKS
THEMSELVES ARE MORE TO BLAME for the present strn
gency and type Of business than the people themselves
Aberdeen herald. [volume] (Aberdeen, Chehalis County, W.T.) 1886-1917, 1908-01-30
Americas GraVest Problem.

BY Secrear o
- HE problem that would designate the GREATEST
before the nation is which the federal govern
ment deal with at all such and which must be
dealt with and solved by the NATIONAL SPIRIT.
AM LAWYER HAVE BEEN A JUDGE AND AS SUCH
HAVE FOR STUDYING THE PROBLEM
UNHEslTATNGLY THAT THE GREATEST QUESTION
BEFORE REPUBLIC is THE PERMANENcY AND
COURTS IN THE ADMINISTRATION OF LAW
AND ESPECIALLY CRIMINAL LAW
This is a GREAT AND IMPORTANT NEED and must be
brought by public opinion and education in the states and
be reached by national legislation
Bring about condition the law will be vindaed EVERY
TIME and the punished acquitted after fair trial. and
many the that dplore will CEASE and many
seek prevent by other means will become much
The great number homcdes in this country and the few
vcons for murder and manaugher present TERRIBLE IN
DICTMENT AGAINST PUBLIC OPINION. 1t is awful tale
If the JNFFFICIENCY of administration of the law believe
the American people can remedy for they will in time the
tv of STRENGTHENING and furnishing ample machinery to
achieve the general punishment of crime
Aberdeen herald. [volume] (Aberdeen, Chehalis County, W.T.) 1886-1917, 1908-01-30
Proposed Federal
License Law
Is Dangerous.

ne constitution lodged in congress the power to reg-
late among the several states and the Indian
tribes and foreign nations. Commerce was not the
outgrowth of the constitution but THE CONSTI-
TUITION WAS THE OUTGROWTH OF COM
MERGE. It is historical truth that but for the
Aberdeen herald. [volume] (Aberdeen, Chehalis County, W.T.) 1886-1917, 1908-01-30
Financial Trouble
Not Due to
Lack of Money.

- THINK THAT THE PRESENT UNSETTLED FINANCIAL
I CONDITIONS ARE DUE TO MISTAKEN BUSINESS
METHODS RATHER THAN ANY FAULT IN OUR
PRESENT CURRENCY SYSTEM. MANY PEOPLE
SEEM TO THINK THAT EVERY TIME WE GET INTO
4 ONE OF THESE FINANCIAL DIFFICULTIES WE OUGHT
* TO ISSUE MORE CURRENCY TO COVER 1T, BUT
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1908-06-01
OLD MEXICAN MINE
WORKING AT FLORENCE

Another great proof of the vast mineral
richenss of the Florence mining district
is the discovery of an old Mexican mine
about six miles southwest of here, says a
Florence, New correspondent of the Win
nemucca Star.
The Ferguson party made the lucky dis
coVery yesterday There are AZ inches
of ore in place at the end of a 340-fOOt
tunnel. estimated from paintings TO be
worth at least $50 per ton. The ledge is
almost a perfect blanket
The oldest landmark in the country is
an old abandoned Mexican aTrastra down
near Leonard creek. Judging from the
heavily worn rOckbeds it can be seen
that this arrastra has handled a vast
amount OF ore in its day. The mystery
naturally has been: Where did the Mex
partially solved, as II is believed other
Mexican diggings Will eventually be
found. In olden times MeXicans would
not work cheaper ore than SO or Sl00
per ton.
1t might be proper to mention here a
brief history of Mexican arrastra min
ing during the early part of the last CEN
fury.
In 1925 there lived in Los Angeles a
wealthy Mexican named Salvador
Rodriguez. Los Angeles was then the
Mexican capital of California, and Cali
fOrnia then embraced nearly all of Ne
vada and much of the southern portion
of Idaho and Oregon. At this time
Rodriguez was governor of California, and
he conceived the idea of sending into TIKI
interior at his own expense prospecting
parties for a period of two years at a
time His returns from this venture were
. per cent of the bullion brought back
to Los Angeles. II d, is known he proffted
largely in the transaction.
This enterprise flOurished until 1916,
when American occupation began. In this
year GenaIal John c. Fremont in his re-
port to Washington stated that a vast
amount of gold bullion was in the Los
Angeles mission. though no gold mines
were 70 be found.
\ chain of Mexican arTastras were at
one time in operation from San Bernar-
dino clear into southern Idaho; the relics
of which are in evidence TO this day, and
three of which are in the Florence min
ing district
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1908-06-01
Tintic Mining Notes.
CEpreka Reporter.D


The OpeX mine al Mammoth was closed
I down last Saturday The shutdown is
| only temporary and the development and
of the mine will probably be taken up
again within a week or two. In the
meantime some repairs are being made
to the boilers.
When asked regarding the progress now
being made with the tunnel at the Black
Jack, Superintendent John ROundy said
that work is now being carried on at
one end only. This tunnel is being driven
under contract and there is still 200 feet
of drifting TO be done before the work
is completed.
James Creighton superintendent at the
Dalton & Lark mine near Bingham, and
+. J. Ziglar, a we'll known mining ex-
pert. have been here for several days
examining some of the mines, among them
the Eagle q Blue Bell. Yesterday they
took a ride out to some of the mines in
the eastern part of thed istrict
The recent assessment upon the Victor
Consolidated stock is undoubtedly for the
purpose of paying off the judgment
was recently compromised has been pend
ing for several years and when the Vic
tor company pays over $500 to the heirs
OF Joseph Hartman, who brought suit
for stock which they alleged was due
them the litigation Will be brought 20
a close.
The force at the Mammoth has not been
cut down and the ore is still being piled
up until such time as il can be shipped.
Superintendent Mcintyre has managed to
find a place for all of this ore, but il
has kept him hustling and when the Or
der comes TO commence shipment there
will be a continual stream OF ore be-
tween the mine and the smelteT.
The cage and cable, which had been
i'm the stump at the Raymond Illinois mine
ever since the accident to the engine
several weeks ago, were hoisted to the
surface on Sunday The cable was of
course damaged and will not be used
again. but the cage was I'm splendid con-
ditiOn. the drop of about 800 feet to
the bottom of the shaft not having dam
aged il 10 any great extent. During the
enforced shutdown of the mine consid-
cradle water accumulated underground
and the hosting of this water commenced
on Tuesday. Manager J. G. Sullivan eX-
poets to take up development work again
upon the 1850 level within the next few
DAYS
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1908-06-01
MINES AND MINING

cleaned surfaces a highly heated or "su-
permolten" mass of molten copper; segre-
eating from the mass in immediate proX-
unity to the base layer of the thick
ness desired in the subsequent compound
ingOt; allowing the base and coating layer
to cool under or during compression, and
drawing the compound ingOt so formed
10 produce the drawn wire desired. The
steel core or base used may be an ingot,
bar, bloom, billet or other commercial
form. and MAJ be of any desired cross
section. as round. square. oval, etc, and
of any size.
If the billet is to be made into struc-
tural steel wire or rods, where resistance
to the cOrrOsiOn of the elements is alone
desired. the copper coating can be very
light, indeed as low as 10 per cent, by
volume, of the steel. If, however, the
wire is to be used for the transmission
OF electric current, the coating is made
heavier, in order that it may present less
resistance 20 the current. Hence 50. 90
and 80 per cent of the conductivity of
a copper wire of the same size is pro-
duced with consequent great increase of
tensile strength because of the presence
of the steel
The next step will naturally be the
adaptation Of the process on a larger
scale for the covering of the immense
steel girders used in modern office build
ings and other structures. Copper clad
wire can be made into any kind of stand
ard or twisted cable for ship rigging,
catenary suspension and the like.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1908-06-01
VULCAN STOPS SHIPMENTS
TO WAIT FOR RAILROAD

p. a. Danaher of the Vulcan mine at
Hunter states that his company will not
ship any more ores from the property I'M
til transportation facilities are more con-
yenient, says the Ely Mining EXpOsitor.
From this Il must be inferred that there
Is prospect for railroad connection to
the mines in the near future. as it is
we'll known fact that the company has
been trying Tor a long time TO induce
the Nevada Northern to build to Hunter.
and also that surveys for an Independent
road, to be controlled by the company.
were made some months ago.
The company has been shipping at the
rate of one carload a week for some time
and has large bodies of shipping grade
ore developed from which regular produc-
ton can be made at any time.
There are several routes over which a
railroad could be built to Hunter to fur
nish an outlet to the smelters. 1t is quite
likely, if the Nevada Northern builds the
new road,-it will start from Ely and run
through Butte valley to Hunter and would
probably be extended on to the northwest
ern part of White Pine county, which
section will some day produce a large
tonnage of copper ores that ought to
come to the smelteTs here.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1908-06-01
MINE IS SOLD
FOR S1O8,2O6
Sewer Consolidated Goes Un-
der the Hammer to Rich
field Operator.

Richfield. May S0.-The Sewer CONSOLE
dated Gold. Silver & Prospecting COM
pany was sold yesterday at the front door
Of the court house in Richfield under the
hammer. Yhe property was bought by
w. H. Seegmiller of Richfield, who acted
for the creditors. The amount it was
sold for was Sos. 206. This amount includes
the mortgage of $29, 600, which is held by
Charles LammersdOrf of this city.
This property is considered to be the
richest in the Gold Mountain district 1t
has on it a new mill and power plant
which has been in commission only about
year.
The richest ore that has ever been found
in that camp has come from the Sewer
mine. and people who are acquainted with
the property claim that there is any
amount of rich ore still in sight to run the
mill 70" several years to come. The prop
erty has been idle about a year, or ever
since it went into the hands of a re-
ceiVer.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1908-06-01
OPENING UP MINES
WEST OF BLAIR, NEVADA

A gentleman just in from the Silver
Peak district reports great activity
around .he various camps and particular
~ at COYOTE Springs, which Is abouI
twelve miles due west Of Blair, says the
Tonopah Bonanza. He says that Los
Angeles company has invested extensively
near the springs. They have sunk 20
feet and are drifting from the bottom OF
the shaft They have encountered Ime
body of ore and are getting the stun 10
the surface by means of a gasoline moist
This company will shortly install forty
stamp mill. -.
Miss Lillian X. Malcolm, who Is known
as one of the most progressive mining
women in the state, who not only puts
her own capital into developed properties,
but who Yields a large influence among
financiers and Investors in the United
states. is doing considerable work on ner
property, the Scotch Lassie, when is 10
Gated at Coyote Springs. She has SUNK
a shaft 10 a depth of forty feet. at Whlch
point she has encountered vein OF ore
mat carries free gold. The people inter
sgted with Miss Malcolm, as well as her
self. are highly jubilant over the IND.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1908-06-01
"DENVER MUD" MINE
IN DEATH VALLEY

II is said that Professor and Mrs. G.
L. BOssemeyer, who left Bullfrog for
Chicago, where Mr.. Bossemeyer who is
an experienced chemist, will start a COM
pany TO exploit a deposit of antiphlOgis-
tine, which he has discovered in Death
valley, near the Grapevine springs.
From tests made it has been shown that
the product is one of the most superior
in the country. Chemical analysis proves
that it is even better than the Colorado
deposit, from which the main worlds sup
ply has hitherto come.
1t is an adhydrOus aluminous tufa,
which il is claimed possesses great med
ical properties.
Professor BOssemeyeT has talked with
old Indians and they tell him that there
are traditions TO the effect that tribes
from various parts of the country fire.
quented the springs and were cured of
various and sundry ills. 1t is the in
tentiOn of Professor BOssemeyer to or
ganize a company at once to handle re-
duce the stuff and prepare it for the
market.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1908-06-01
YOUR COMMISSION ORDERS
ON LISTED
Nevada and
Utah Mining
Shares
GOldfield Ely
TOnopah Bingham
RaWhlde Park City
FalrVleW Tintio
bulltrog Newhouse
Manhattan Mammoth
WE ARE ON THE GROUND
our headquarters are in Reno, Nevada.
EVERY CAMP IS AT OUR DOOR.

Our headquarters are in Reno. Nevada.
EVERY CAMP IS AT OUR DOOR.
=. We are just close enough IN all thu
- NSEada mining camps 10 obtain an the
He"S OF the mines as soon as il ham
pens ana Just Tar enough removed from
we mines 10 see things in their DrODer
perspective and not be carried awav nv
lOcaI ardor We are, besides, In touch
WIN an markets by wire and know what
- u0lhg IN all the markets as well as
III tIe mines. all the time That is why
our market forecasts on particular stocks
are so accurate
news OF impending moves in Nevada is
Sues feacn us almost daily. and our eli
ehts are in position to command an OF
ms Information by mail or wire when
ever requested
We execute orders for the purchase and
sale OF listed stocks for ! per cent com
Our confidential adVfces to regular eli
ents are OF great value to them and the
per cent covers general service that
Is hardly matched elsewhere.
we carry all active listed Nevada stocks
Tor "A period Of six months on a margin
OF IS Is per cent of the actual cost.
Plus per cent commission for buying
and interest charges at the rate of S per
cent per annum on debit balances.
STOCKS are received as collateral against
purchases. I'm lieu of cash, whenever de-
sired, valuation being made at GO % per
cent of the market value. Loans at 8
per cent per annum.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1908-06-01
WORKING TO THE DEEP IN
MONTGOMERY SHOSH0NE

The big triple-compartment shaft at
the Montgomery ShoshOne Consolidated
is nearing the 7OO-foOt point. 695 feet of
sinking having been accomplished. says
the RhyOlite Herald. Work with two
shifts of miners is in progress, and with
in a few days the, work of cutting a
station on the 200 will be started. Just
as soon as possible, laterals will be run
to explore the ore bodies. and it is hoped
that the sulphide zone will be developed
at this level which is 200 feet below
water.
The big mill is keeping up its usual gait
two shifts working. Another carload of
rich concentrates has been shipped to
Salt Lake City.
Lateral work is being continued on the
lower levels.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1908-06-01
THE HERALD IN NEVADA.

Inc Herald can be bought at the fol
lowing places in Nevada:
IoYelocks-Charles H Baker.
Iuscarora-Mrs. A. L. Clark.
Reno-Rosenthdl & ArmankO.
1eflngton-G. e. LeaVitt.
GoldIeld-Palace News Stand and Hun
ter Adv. & Pub. Co.
Ely-HarVille Stationery Co.. G. B
faxon and Walden & Burnett.
Rhyollte-GoOdrich Book & Stationer.
Cabente-JOhn Shier.
Delamar-J. NJ. Kelly
Pioche-Pioche Drug Co. and A. A. Car
than, p. NJ
Cobre-Richard Richards.
Rawhide-LOuie Polin
Las Vegas-Wilson Drug Co.
Schurz-World News Co.; Hal Crigler
Smelter-Arthur z. Heartwell.
Gold Circle-C. r. Reed
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1908-06-01
PROCESS TO COMBINE
COPPER AND STEEL

For many years an effort has been
made TO combine copper ana steel
-l-berabNT steel would offer resistance to
corrosion. All efforts in the past have
Nm to deposit copper on steel electro
lvticallv. but it has been found that be
tween the two metals film q moisture
a. in,no,IDded which in time causes the
steel TO corrode and the copper 10 peel or
The Scientific American now announces
that solution of the problem has APP
rarently been successfully made Dy j.
IrarorI Monnot Instead of drawing one
metal over the other. he YIELDS the two
toeether. Broadly stated. his process con-
ISIS IN thoroughly cleaning a base or
core of the steel: bringing II IN 10 a
sccess Of air and consequent oxidation
during heating; contracting with IL on the
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1908-06-01
SIMMER SCHOOL.

Commencing June l and continuing
for ten weeks, the L. d. S. Business
College will give courses in BOokkeep-
ing, Business Arithmetic, Shorthand.
Typewriting, English and kindred sub
iects. Special drill will be offered in
those subjects required for examina-
tions in Civil Service. Tuition, $1,000
for the term. Send for catalogue.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1908-06-01
SHAFT TO BE SUNK
ON THE LOST JOSEPHINE

Provo, May 51.-Mr Drury of Spring
vile has taken the contract for sinking a
shaft l2j feet on the Lost Josephine mine.
on CuTrant creek. i'm the Strawberry val
ley. region. and located by Provo COM
pany. He will go out with twelve men TO
begin the work Thursday.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1908-06-01
Nat. c. Goodwin & Co.
STOCK BROKERS
RENO, NEVADA

References: Scheeline Banking q Trust
Company. Reno, and Nevada Trust Com
pany, Reno.
Our FOrtnightly Market Review is an
accepted authority on Nevada and Titan
mining .Irities- Copies on request
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1908-06-01
TEACHERS EXAMINATION.

An examination for Salt Lake City
teachers will be held in the Lafayette
school building on Monday and Tues
day, June l and ,, beginning at a.
m. of the first day.
Ali teachers and candidates not hold
ing certificates valid for 190S-1909 are
expected to take this examination.
Candidates for high school certifi-
Gates will please notify the undersigned
not later than Thursday, May 2S
Pens, ink and paper will be furnished.
Very truly, D. II. CHRISTENSEN,
Chairman Board of Examiners
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1908-06-01
EXPERT KODAK FINISHING.

Harry Simpler. Commercial Photog-
rapheT, 151 South Main.,
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1908-06-01

Our carpet cleaning is guaranteed.
NATIONAL HOUSE CLEANING co
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1908-06-01
Wall Paper Sale.

High grade papers at one-half price,
surprising values at 15c, zoe, 25c the
double roll.
GEO. W. EBERT & CO,
81 Main.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1908-06-01
Lagoon ROad

Salt Lake & Ogden Railway Co.
Time Table in Effect May 3d. 1908.