davidaulloa/AmericanStories huggingface dataset:
The San Francisco call., 1908-09-03
g e = CURES. ECZEMA.
ACNE, ,HTTER'ETe.

The skin Index to the quality
pmpe rashe erupion
mpury dang and corupng circulation
supplying nouishment and strength
is continually pouring its unhealthy
External applications of sav Washes lotions
the itching and other discomfort caused by skin troubles and for
should
and therefore cannot thorough cleansing Of the blood the only
diseases
and the acids impurities thoroughly
circulation permanently skin every
s. s. has driven the huors aud impurities from the BLOOD and cooled
ceanse the circulation
skin is again noushed with eahfl blood and
the has been removed Book skin diseases
free to all who write THE SWIFT SPECIFIC CO., ATLANTA GA
The San Francisco call., 1908-09-03
lively Wagering
the
Attell and Ketchel Continue
to Rule FaYOriteS With Fans

Real live betting the coming fights opened strongly last
Joe Cans Abe Ae figuring to over owen Moran and Stanley
hetce selling at to over Billy Papke with money that
stops the cago whrlwind within II rounds probable
s will change favor of the top liners everybody
be m the tavories this time Indications wagering
gong TO be brisk to the time when the step
hose who Nelson the last play
@ on the boards while there few still believe that
did not fight his fight the uv and that he will slip one
oI The UNEXPECTED boys over on the new champion.
The San Francisco call., 1908-09-03
TIEDMANN is SHOOTING KING

OAKLAND, Sept John Tiedmann Of San
Francisco is a full iedged king. At the forty
ninth annual eagle shoot of the San Francisco
Schuetzen verein at Shell Mound park today Tied
mann acquired the title and before the festivities
were concluded a bevy of pretty girls escorted
the monarch of the shooters to the throne
and placed the laurel wreath on his shoulders
The other winners were: Crown. Otto Bremer
apple, +. HeRsel: scepter, William Umfug
head. A. Meyer; neck J. Platt; right wing
Captain John Tohde; right claw. ]. b. Bahrs
left claw, H. Meyer; tail. J. Beuttler; ring was
knocked down with crown, and returned
70 the Shooting master.
The San Francisco call., 1908-09-03

BUTTE. Mont, September 2.--weather clear;
track fast
FIRST RAcE-six furlOngs. selling. year
Odds. Horse and Jockey. VT. St. Str. Fin.
S-2-An9na Aisqa PSstl ..;;.. Io9 9 2h5I b
G-l-Dr. sherman (Tullett(. ITO
Time. 1:l5is. Kato 5, Burnolette, knowledge,
Golden Light. Mabel Reed. Follow Me, finished
Luella B. Start good. Won in a drive of four.
Kato ran out ali last quarter. Had she kept
straight she probably would have Won.
SECOND RACE-Four and a half furlongs,
selling, 3 year Olds and upward:
Odds. Horse and Jockey. VT ST. Str. Fin.
1o-1-sid Silver Oh. stuart) 1o7 III
7-2-Brush Up (Herman) -. .l07 8, 2 b 3 y
Time, :54A: Grasseutter. Joe Wootan, Ray
Misty's Pride, Little George, finished named.
Winner. b. h. (al by Siddarth Silver Bangle.
driven.
THIRD RAcE-AHle. selling. s year olds and
Odds Horse and Jockey VT St Str Fin
e-l-Phil Tgoe e.. sullivanllo4 $ 2 1I92
20-I-M. u. Bowdist (AIorse)l04 3n
Gregg. ]. Y. Kirby. Monsie Noble, Benvoiio.
Kenova, Belden finished as named. Winner. b.
g 631 by Greenan-Fhe Task. Start fair Won
fell to her knees at the start, but was very
shy OF speed.
FOURTH RAcE-siz furlongs, selling, 5 year
odds. Horse and Jockey. = W.T. St Str Fin
e-l-Margie d Fischer. ia . I'll
1o-l-Garterlight (H. stuaro.I ] 2h 22
Time I;l4A. Hand Ne Down, Rhinestone,
Ruscimo, Brawny Lad. Jack Paine. corletie. fin
Queen Fischer. Start fair. Won handily. Sec
Ond the Third driven. Rhinestone very
sore: his race should be thrown out.
FIFTH RACE-FiTe and a half furlongs, han
Odds. Horse and Jockey. W.T.. st. Str. Fin.
S-l-Stendal 4H STUART. ..-.. .102 3 y y
2-l-Luke Ramus tBlairl.-....l06 u
1-l-Ollie Ward (Van Dusen). 100 1ls
Time, 1:0T35. Madeline Musgrave, Zella g.
Yolo, Bantllel. Bonifes finished named. Win
ner, ch. c. by Esterbrook- N Mercerdita Start good.
Won in drive of three. Stendal performs like
nice colt Luke Ramus showed great improve
ment over recent races. So did Ward. Too
much weight for Musgrave.
SIXTH RACE-one mile, selling, year oIds
and upward:
Odds Horse and Jockey VT ST. Str Fin
s-5-Cardinal Sarto nioyd) l02 5 IL ela
7-2-Doeile CKirsehbaumi lo2 30 %
15-1-LOla White (E. Clark. .102 ! 4 8
Time. 1:421a. Peerless Lass, NabOnassar, Ellie.
Silver Heels Mandator finished as named. Win
driven Second and third easily: Sarto much
the best. DOcile would have closer up had
she been able TO get OF the rail at the last turn.
SEVENTH RACE-One mile, selling year
olds and upward:
Odds. Horse and Jockey. W.T.. st. Str. Fin.
4-1-Lerda &C. Clark. )...-....102 > II
3-I-Sam Barber Otis. . I07 y
Time, :43. Eudora. Etapa, Manila S, finished
named. Winner, br &. (6) by His Highness-
Lerette. Start good Won cleverly. Second and
third driven.
The San Francisco call., 1908-09-03
CAUsE oF cHAsE,s JUMP

STOCKTON. Sept. 2-The report that Hal
Chase OF tie New York American baseball team
was on the way from New York and would
play with the stockton State league team the
balance Of tie season on FIRST base was con
hrmed today by Manager Cy Moreing He ex-
hibfted letter from Chase, stating that he
would start from New. York on September 1.
with the New York management. coupled with
p dattaring offer from Aereing, are responsible
Tor the limp"
The San Francisco call., 1908-09-03

/ show; Webber, So place, 4-5 show; Chihuahua.
So show.
349S. FOURTH RACE-one and an eighth
miles, South Park handicap, 8 year olds and up
ward
Odds Horse and Jockey. VT. st. Str Fin.
4.I-Green Seal (scoviile) ..io4 - Is
1s-5-vox Populi (King) -. 100 6 2k III
7-1--Tony Faust (Koernerl, los 2l h
Time. 1:5l 30. Start good. Won easily. Sec
ond and third driven. Miss Mazzoni 20. Edwin
T. Fryer S, Mirzer 3. Logistila 15 finished as
named. Seal towroped his field from start to fn-
isl. Populi, off In a tange, made up ground all
ner closely. Mirzer never dangerous. Mazzon
and Fryer closed well. Green So place %
show: vox. S-5 place. 4-5 show: Tony, even show.
34D6. FIFTH RACE-One mile and so yards
selling year olds and up.
Odds. Horse and Jockey. VT; st. Str. Fin.
% 1-st. Charles CMcIntyre, .104 ] 9 Is al
9-10-Josie's Jewel walsh 102 2 35
Time. LAP 4-5. Start good. Won first three
Dame 3o Liberto 75, Colbert 16.i finished as
named Kruka, unlucky in the early stages, got
through on the rail at the last turn ana out
Charles made the pace, with Jewel in close at
tendance. Eckersail and Colbert quit Kruka
7-l0 place, 1-3 show; Charles, place, show
Jewel, out show.
s497. SIXTH RAcE-Four firlongs. purse.
all ages:
.2.e Smiley Corbett iKoernp1I6 Ia IA
16-1-All Alone Kettig)... .113 / 2 2A21
'2,9.Micaela tRnsselD, 81 Sc 40
Time, :4s 45 Start good Won C eantering. terin
Second and third driven. Phillistina s. Lauretta
10, Her Farewell 800. Mariana 20. finished as
bett led under restraint throughout Alone and
Micaela always the contenders. Phllistina off
poorly, made up ground. Smiley out place and
show; Alone, place, show; Micaela. out show.
The San Francisco call., 1908-09-03
ROSE TO TRY FOR RECORD

NEW YORK, Sept. with few exceptions
the American team which world honOrs in
the recent Olympic games will compete at the
annual fall games Of the Irish American athletic
club at Celtic park Monday afternoon Ralph
Rose. the giant Californian record holder. will
make his last appearance In the east. He is
entered In the shot put event. and Is confident
he win beat his own record by several inches.
The San Francisco call., 1908-09-03
FOR MEN ONLY

Admission Free. What can be seen at the
GALLERY OF SCIENTIFIC WONDERS. T45
Market St. San Francisco. Cal. Wonders OF
Pathology. Wonders OF 0steology, Wonders OF
the Digestive Organs. Study the origin and
Development of the human race from the
cradle to the grave. See the freaks Of nature.
the curiosities and monstrosites. ADMISSION
FREE. Gallery of Scientific Wonders, 745
Market ST., San Francisco Cal
The San Francisco call., 1908-09-03

will take part in the final round over
1s holes Friday morning. the victor
women.
Eighteen players took part this aft
ernoou In an IS hole handicap against
bogey. those who were in the first or
second Is receiving the same handi-
caps as in those contests and others
not in either 16 receiving 10 strokes.
winner to receive a trophy presented
by P. W. Selby of the Burlingame
country club. Summary:
Maud (scratchl. . up; Tubbs a. ? up; Fitzger-
aid Isl, up; Newton (seratehl. even; Chase (1Ol.
even; Hayne tscrateh}. I down; keeney (10l aud
Hornby "a, . down: Belden (Sl Sldebotham t10),
Selby tSl, Neville (4) and Wrenn (6). down.
Hunt t5}. Laboyteaux (l0l and Miller 81. 4 down.
Hewitt (10) and McCiatchy d0l. down. Maud
and Tubbs win play on for the trophy.
The San Francisco call., 1908-09-03
Montreal Selections

BY NEW YORK TELEGRAPH
First race-Marse Abe, Sea
Swell, Dan de NOyles.
Second race-Seryile, Miss Gates
by. GIaucus.
Third race-Lady Anne, Cooney
X, Sally Preston.
Fourth race--Lvns, Superstition,
Please.
Fifth race-EH, Steve Lane,
Awawegang.
Sixth race-Honest, Chief Hayes,
Pretensfon.
The San Francisco call., 1908-09-03
Admission Day Outings

Your choice of seashore, Mountain
or lake trips at extremely reduced
rates In effect September to 9. in
elusive. Tickets good for return until
the 10th Ask agents Southern Pa
cific. SS4 Market street, II Powell
street, Market street ferry depot and
Thirteenth and Franklin streets. Oak
land.
The San Francisco call., 1908-09-03
Seattle Selections
BY j. r. JEFFERY.

B1 j. X. JEEFERY.
First race-St. Francis, Gene
Russell, Adena.
Second race-Maud MEG, Red
wood III, My bouquet.
Third race-G0lden OrioIe, Fair
Annie, Mieaela.
Fourth race-Fern l., Gypsy
King, Pedro.
Hill, John Lyle.
Sixth racc-Giovanni BaIeriO.
Pal, triumphant.
The San Francisco call., 1908-09-03

j
sight last evening. and its owners
seemed willing to take a chance with il
az 40 10 ; Several mana ged to find
cans packers at this price. but the
odds must go down another pes. before
the colored mans friends will unlim-
ber
ATTELL 4 WARM FAVORITE
Moran has even less friends on the
line than the fallen black Opening at
@ TO over the Britishef, Attelrs price
steadily shortened until he was quoted
az 10 TO last night. There is no bet
ing on the rounds here, most of the
wise ones believing that the mill will
so the Amit and that Attell will be
clever enough to nose out his man on a
Ketehell is considered a mortal cinch
over Papke- At TO 1 there is no
Fapke money in sight, so il is simply a
case OF write your own ticket and make
your own price on the middle weig ght
champion. Even money that Ketchel
knocks the Chicago Whirlwind out
within y rounds went begging last
evening.
chance on combination bets will have
several opportunities to show their skill
at picking winners. Tom COrbett has a
nice little eight way combination on
feature save the KetcheI-Papke end.
Here the betuOr must figure on u
rounds, though the fight is billed for
-5. Evidently nobody comedies Papke
a chance to go further than IL. The
combination is made up as follows;
Nelson Attell- hetehel wins in - rounds-3 TO 1
Nelson Moran Kefchel wins in u rounds-.555 to /
Nelson A Attell-PaDke stays j rounds 81 10
Nelson Moran-PaBke STAYS L rounds. 5la TO
6als- Atteli Aetchel wins in y rounds. 81 TO /
Cans Moran Ketehel wins in - rounds S TO 1
s-Atrell- Papke stays u rounds --.-.5iA to 1
Cans Moran Iapke stays u rounds. s to
The San Francisco call., 1908-09-03

futurity course iIlies year ODDS. S. 600 added:
Horse Weight and Jockey. Fin.
Maskette l2T (NOtteHi ......-......-... ? .
Wedding Bells. 119 (R. Dnganl ....s......... .
Lady Bedford. 116 tShillingl ..-....-.-..-... 3
Time. 1:12 50. Lady Hubbard and MedianI
finished named. j..
FOURTH RACE+Twia City handicap.
and a quarter miles. year olds and upward.
guaranteed cash value s., 600;
Horse. Weight and Jockey. Fin
DoFante. 10T u. Lee} ..-...-...-.......-
Master Robert. 103 81. Butler, ..-.-......-. ..s-
Stamina, 1OI rs. Dnganl -...-.....-.......... 8
Time, 2:03 10 Dandeli0n. Monf0rt. Angeius,
Firestone, Rhiiander. Home Again, frank Gili,
finished named. 't'
FIFTH RAcE-Morelio handicap. and
sixteenth miles, turf course. for year oids aud
upward. 5000 added:
Horse Weight and Jockey. Fin.
zienap. 80 Upton .......................:.
Marathon. 104 NfcCarthyl -....-............ =
Lady Winifred. 1D7 tDuganl ..---......---.
Time. 1:47. Miss Crawford and D'Arkle hn-
ished named.
SIXTH .RAcE.The Delhi. one mile; selling
all ages. $500 added:
Horse, Weight and Jockey. Fin.
Bad News, 113 tNotterf .................... 1
Sea Wolf. 1l3 (Shillingj ..................s
Black Oak. 10T H-eaehf -.--.-.--..-...-.-.. 3
Time. 40. Gliding Belle aud Juggler hE shed
as named. dead heat.l
The San Francisco call., 1908-09-03
wITTER IN CHARGE OF CREW

BERKELEY. Sept. 2.-Captain Dean WitteA
of the varsity crew has been placed In charge
of the fan training OF the men OF the
university. All OF the varsity men. with the
exception Of h. Ashley and e. Schroeder, have
returned to college, and the latter win regis
ter in. time for the intercollegiate match next
spring. An effort is being made to engage
Coach Colson Of Cornell for the eight.
The San Francisco call., 1908-09-03
MuRPHY ouTP0INTs GROSS

NEW YORK. Sept. 2.-Tommy Murphy of
Harlem won his fight with Leach Cross the idol
81 the east side. at the Navarro athletic cIub
t6night. Murphy had the better Of it in every
one of the six rounds.
The San Francisco call., 1908-09-03
To All Amateur Baseball Cubs:

Send Il The Call baseball editor the makeup of your
your challenges; also the by innings
games played.
The San Francisco call., 1908-09-03

Time, ] :43. EndOra, Etapa, Manila 5, finished
as named. Winner, br &. (6) by His Highness-
Lerette. Start good. Won cleverly. Second and
third driven.
The San Francisco call., 1908-09-03
Stendal Shows Class in
Winning Handicap

BUTTE. Mont. September 2.-weather clear;
track fast.
FIRST RAcE-six furlOngs. selling. year
Evening bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1895-1912, 1908-02-28

uuired Erea. power which, If used in
discrectly and to resist the natural
action and reaction of economic
forces. will be sure to invite further
disaster sooner or later. If used dis
Creetly. IL wonld permit a gradual de-
cline; and in industries where COM
petitive conditions still remain,
prices have already been lowered con-
sidorably. There are. however, other
Industries, notably steel, in which
prices are held at old figures in spite
of decreased costs of production. This
means that many mills are idle and
many laborers out of employment
that otherwise would be actively en-
gagged We're prices reduced to a lower
level; all because officials, for rea-
sons best known to themselves, re-
fuse to recognize the change in fun
damental conditions.
Evening bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1895-1912, 1908-02-28
SAN FRANCISCO PLAGUE.

San Francisco has at last come to
a realization that it has the bubonic
plague ms a constant menace, and has
opened vigorous campaign to wipe
the disease out or at least keep IT I'M
der better control.
rhe particular interest San Fran
ciscos experience has to Honolulu 49,
that the policy of refusing to admit
that plague is prevalent has proved Il
dismal failure. The Coast metropolis
has denied the verdict of the officials
and ridden on a rail every citizen
who said plague. 1t is now face to
face with the fact that unless the in
fected rats and other Conveyers OF
plague germs are put out of exist
ence. a general quarantine will be de-
clared against the city.
Honolulu people have often won
dered during local plague spasms why
our city should be so vigorously tied
up when sister city across the way
has had more plague to the square
inch and still continues to do bust
ness in the same old style.
Present indications would suggest
that the Honolulu way has been the
best, for San Franciscos present cam
paign will probably cost many times
what would have been necessary had
the facts of the situation been recog'
nized and dealt with promptly.
Evening bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1895-1912, 1908-02-28
KELAUEA VOLCANO
In GRAND ERUPTION

LIQUID Fire has risen in the pit
1876 feet and is rising at the rate Of
10 feet daily.
Visitors report the awful grandeur
Of the scene beyond description.
These periods of intense activity are
not as a rule of long duration. Don't
delay your visit to this world-won-
der; don't miss the opportunity of a
lifetime; don't be dissuaded from talk
ing the trip.
The S. S. "CLAUDINE" will leave
Honolulu for Hilo on Friday, Febru-
airy 2Sth, at five o'clock p. m.
She is a fine iron steamer, fast and
comfortable.
Secure your passage at once.
For information regarding the trip
apply to
Evening bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1895-1912, 1908-02-28
ointment as Oregon District Attor-

pointment as Oregon District Attor-
ney.
The curtain falls on the Berkeley
postohcc fight when Merrilrs name
rs sent to the Senate by the President
y party of seven japanese discoy-
cred at Santa Monica Bay making
maps and conducting mysterious cx-
periments with small cannon.
Senator Foraker makes little Of
Taft's victory in the Ohio primaries.
Representative Richardson speaks
on the tariff question and says the
Republican party stands discrsdited
on the subject of revision.
Senator Aldrich fears for finance
bill, which may be amended out of all
present semblance.
Representative Hamill of New Jer-
sey defends Bryan during a debate on
the Indian appropriation bill.
Former Governor Pardee urges vo-
ters to shake off shackles of the South
ern Pacific machine by using the fran
chisc.
Lord Rothschild, the British money
baron, revokes the proxies given Fish
in the fight on Hartman.
The San Francisco graft prosecu-
ton files an appeal from the opinion
of the District Court of Appeal in the
Schmitz case and asks the Supreme
Court to grant a rehearing; the ar
Gumcnt tears the obnoxious decision
to shreds and declares that If the
statute under which It was rendered
is upheld as legal the Legislature
| should be called,to rectify the law.
Lieut. Harold d. Hinckley startlcf
society by suing for divorce, charging
wife with desertion.
Representatives of thirteen Coun.
ties meet and organize the Central
California Sanitary Commission tC
extend the warfare on the rodent fam
lily.
Conricd resigns as direct c. thu
Metropolitan Opera and four men are
named to succeed him.
The Bank of Greater San Francisco
small institution, is closed by the
State Bank Commission.
A Stockton student challenges q
rival to fight duel and beats hin
into inscnsibility for refusing.
The wife of n young San Francis
can balks at posing as his sister
while he makes love to a pretty ste
nographcr.
Evening bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1895-1912, 1908-02-28
MAIL NEWS REVIEWED
IN TERSE PARAGRAPHS

Judge Lawlor calls for evidence as
to immunity pact with Ruef and re-
fuses request for afiidavits by curly
boss counsel.
An association for an improved
milk supply for San Francisco is or
ganized
A Russian nobleman, pupil Of Toll
stoy and disciple of soul love-" who
annoyed Berkeley co-eds, is sent to
an asylum for the insane.
The pure-food laws of California
will be rigidly enforced, says the at
torney for the Commission.
Nonunion miners repulsed pickets
of the Western Federation at Gold
field and drove them away from the
shaft.
a minister appeals to Stanford stu
dents to put ban on drunkenness
and remove the disgrace resulting
from the acts Of certain undergrad
uatcs.
President Roosevelt, believing rail-
roads are cutting wages to stir up "A
labor war in reprisal for the drastic
regulation laws, asks the commerce
commission to investigate and give
public the facts. O.
Former Secretary of the Treasury
Gage defends the Fowler financial
Till, preferring its provisions on cur
rency reform to those in the Aldrich
measure.
The involuntary bankruptcy pro-
ceedings against C. w. Morse, the de-
throned ice king, fail to materialize
in New York.
That trade with the Orient is fast
slipping from American hands, is a
statement of transportation officials.
Harry Thaw's mother will have a
committee named to secure a divorce
for her son.
An effort is being made to organize
San Francisco street laborers into n
union.
The Spring Valley Water Co. files
a statement with San Francisco in
which its property is estimated as
more than $4,000 200.
William II. Nolan, the San Fran
cisco shoe manufacturer, is accused
of perjury by the Judge in divorce
suit
The San Francisco Grand Jury
finds j. DalZell Brown inspired al
Turing advertising matter issued by
the California Safe Deposit and Trust
Company.
The San Francisco crusade against
impure milk brings about decrease
in adulteratlon from 2G.6 per cent.
TO rs per cent. in less than a month.
The Mayor of Palo Alto threatens
to knock the head of the Marshal of
for persisting in presenting a bill.
The Oakland Harbor Commission
serves formal notice on railroad and
wharf-holdlng corporations that the
city will take control of the water
front and that they must pay rent.
Boutell of Illinois made an enthu-
Evening bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1895-1912, 1908-02-28
GO TO TIFF OPERA HOUSE

Tomorrow night will he the last OF
the Arabian Nights. The performance
last night was great artistic ami
financial success. Go tomorrow night
and see It for It is one of the funniest
comedies produced here in n long
time. There are some good seats left
in the orchestra and circle which you
can secure at Wall, Nichols Co., Ltd.
You viii be doing a good thing in pat.
ronizing tho performance as 1t is for
the benefit of the Kilohana Art
League, an institution that is dosery
ing Of support.
Evening bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1895-1912, 1908-02-28
TRUSTS HOLDING UP PRICES

The financial situation has become
a somewhat overworked topic because
not all the happy predictions made
just after the heat of the panic, have
come true.
There is in each mail from the
mainland centers, much Of the same
old story, with the pleasing differ
ence that real Roadway is gained each
day, though the complete recovery
Is not as rapid as was hoped.
The latest circular Of Henry Clews
discusses the action of the Trusts in
a highly interesting manner. This is
the first time the great combinations
OF capital have had an opportunity
to show their hand in widespread
financial and industrial upset. They
are credited with being the primary
cause of the trouble. Their correct
i've efforts are discussed as follows by
the Clews letter of Feb. Is:
I'm the main, the stock market has
yielded to natural forces during the
last three months. In the commodity
markets, however, especially manu-
featured products, the situation is
radically different; for in that quar-
ter there are very few industries,
which are not more or less under the
domination Of great combinations,
whose policy has distinctly been to
sustain values in spite of declining
demand.
This wholesale effort to check the
operations of natural law marks a
new and hazardous tendency in bust
ness affairs. In previous panics the
Trusts had not attained such power
over the markets as they now possess,
and prices were left to adjust them
selves in accol dance with the fiuctu-
ations of supply and demand. While
this may have caused occasional dis
satisfaction, It was in the main bene-
fetal; because it was the true course
tor readjustment and afforded buyers
chance of exercising individual
judgment. Now, conditions are COM
pletely changed, and prices of many
commodities are held at or near the
old figures regardless of ordinary
market conditions and the necessity
for commercial as well as financial
liquidation. AS result of the panic,
there has been a sharp contraction in
the demand for many articles. New
enterprises have been checked;
many hands are out of employment
and consumption has consequently
declined quite sharply
Under natural conditions prices
would be reduced at such times in
order 10 revive demand and encuur-
age resumption of enterprise through
diminished costs of production. To-
day, however, the full resumption of
business activity is positively retard-
ed by the obstinate refusal of the
Trusts whether of capital or of la
Dor to adjust themselves to the
changed conditions. For the first
time In our history we are seeing
how the Trust system works under
adversely. Trust managers have ac-