The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1908-05-29
A Moral, Not a Financial Iuuse.

IA Mofdl, MOI F1nancldl luuSe.
Closing up the bucket shops in Texas
Oklahoma and other southern states,
in order that SPECTATORS may not con-
troll the price of cotton. would have
taken great many years and perhaps
it would never have been accomplished.
II 1t had not ben for the moral situa-
ton behind the cotton deal
Whether prices are Influenced essen
TALLY by the Chicago wheat pit, the
New York cotton exchange and the
New York stock market is a mooted
question. Some think speculation serves
to depress values, while others, point
ing to Joe Letters bull movement, and
grain and cotton corners show just the
reverse. proving that prices are en-
HANGED through these speculative deals
But there are not two opinions about
the moral point involved Dealing in
futures on margin, and dealing in
stocks the same day is a huge gamble
differing in no particular from faro, or
dice throwing. If the price goes up the
bull wins and the bear loses. while
falling prices give the bear profits
which the bulls lose.
1t is this moral side that has closed
bucket shops and will eventually shut
and the New York cotton and stocks
marginal game.
There is some justice in the claim of
millers and cotton manufacturers that
they must sell their flour and fabrics
before they are made. They must con-
tract flour months ahead and the cot
ton mills must quote prices on fabrics
before they are woven. To do this the
miller must know what his wheat will
cost and the manufacturer must know
what his cotton will cost, and there is
need for a deal in futures but the deal
should be actual and in good faith. AS
it is a thousand bushels of wheat and
a thousand bales of cotton are sold on
margins as a straight gamble where
one bushel of wheat or one bale of cot
ton is bought in advance for actual
consumption.-Wichit Beacon.
House of photographic Stone.
A plain plastered stone house about
so yards from the ancient city hall OF
Nuremberg, Germany. has nothing to
distinguish it from the other old houses
of the neighborhood, except that 1t is
built of photographic stone, worth from
to q cents a pound. So photographers
who go to Nuremberg wander from the
worn tourist trails to see the wonder.
The house was built about 1889. nearly
100 years before Alois Senefelder, the
discoverer of TYPOGRAPHY, was born.
Andreas Lichtenstein. who built 1t, took
the stone easiest to get and secured 1t
for the trouble of carrying it way. Now
the material in the building is worth
about $4,000. The present Andreas
Iichtenstein, a descendant of the man
who built the house, has said ''Nein"
about once a month for the last 20
years to spectators who want to buy
his home and tear it down for the stone.
It is his home and was that of his
forefathers and he refuses to part with
it.-Kansas City Star.
Mute Wife Talks Too Much.
Chester Goldman, a mute. yesterday
contested his wife's suit for separate
maintenance because she, also a mute,
talked too much. But the wife won.
Mrs. Goldman charged her husband
with being something of a Lothario
and no beginner in the practice OF
cruelty. Goldman said In return that
he was constantly being nagged by
his wife and his life made miserable.
How did she nag your" asked Judge
Barnes in the superior court, before
whom the suit was tried.
sShe scolded all the time. 1t was in
compatibility" signed Goldman on his
fingers.
did you talk back?"
For a while I couldn't; hurt my
hand"
s'If you'd shut your eyes you couldn't
have heard" said his attorney.
Did these naggings come at night,
asked the court.
mo: they were not curtain lectures
said Godman's attorney. Goodman
can't hear in the dark."-Chicago In
A.