davidaulloa/AmericanStories huggingface dataset:
Omaha daily bee., 1908-05-13

TWO SAMPLES OF HIGH FINANCE
It would be unfair to infer or inti-
mate that brokers and investment
agents all follow similar plans in using
the funds placed in their trust, but the
developments in the courts of New
York and Pennsylvania, in two cases
on trial, furnish sufficient evidence
that more stringent regulations are
necessary, under the law, for the pro-
lection of investors and depositors,
particularly the absolute necessity for
divorcing banking institutions from
politics.
Thomas A. Mcintyre, formerly
prominent New York broker, has gone
into bankruptcy, and, during an in
vestigation of his affairs in court, tes-
titled that it was "a common practice
of commission houses to raise loans
on stock deposited by their customers
for other than marginal purposes. "
RMr. Mcintyre admitted that the prac-
tice was bad, but declared that it was
demanded by "the exigencies of busi-
ness" Incidentally, it may be men
toned that Mr.. McIntyre's firm is short
something like 100000 worth Of
stock, deposited by customers and
hypothecated by the firm to carry
through deals which failed.
The second illustration of queer FL
nancial practices comes from Pitts
burg, where the cashier of a national
bank has been charged with embez-
Element, amounting to nearly $1,000
900. The president of the bank, in
the face of the heavy loss, declares that
the cashier was not dishonest, but
loaned the banks money to customers
and friends, business and political, who
had been caught in the financial de-
preston and were pressed for ready
funds. This course" concludes the
president, "has been followed in many
other cases and by many other banks
doubtless"
One of the chief menaces to the COM
mercial and financial interests is the
fact that too many men in positions OF
trust allow themselves to be persuaded
that it is no dishonesty to use money
that does not belong to them, so lone
as they take it to accommodate friend.
and do not themselves make any profit
out of the transactions. In too many
such cases the losses fall upon work
ing people who have placed their saw
ings in the hands of trusted finan
cial institutions. 1t is too often impos
sible to inflict punishment upon the
persons really responsible for suct
business dishonesty. The only remed!
apparently is more rigid inspection
of the affairs of concerns that handl,
the money of others and a more Wig
orous prosecution of men guilty o
stealing, under whatever guise the lar
cency is accomplished.
Omaha daily bee., 1908-05-13

CONSERVING FA1URAL RESOURCES.
President Roosevelt's administration
has been emphatically Of the construc-
tive brand, but nothing that he has
advocated or accomplished during his
term in the White House will do more
to stamp him as a statesman and to
perpetuate his record than the confer
ence Of governors and public men now
being held at Washington, If 1t accom-
plishes, or puts in the process of ac-
complishment, the conservation Of the
natural resources of the United States
The nations natural resources have
been one of our greatest boasts for
generations, yet the American people
have been going on in an industrious
effort to kill the goose of the golden
eggs until the situation has become
critical and the demand imperative for
some plan TO check the wasteful sys-
TENS and in time recreate much that
has been destroyed for the enrichment
of the few and to the infinite general
hurt.
In conference with the president are
the governors of the states, specially
invited public men, members of con-
gress and the executive department
and representatives of commercial
bodies throughout the country. The
conference is purely nonpartisan,
| bos,,r. oo~,po.od 80 ,y,,ay, Of oil roIffica I
creeds and representing all the vary
ing activities of the country. The
program provides for placing before
these delegates the stubborn facts
relative to forest depletion, the waste
of the coal, mineral and oil lands, the
pollution of rivers, the misappropria-
ton to private purposes of public
water rights and the raids that have
been made on all the abundant natural
resources on the proper conservation
and development of which the well
fare of the nation rests.
AS a part of the conference program
there will be a discussion of the rela-
tions between rail and water naviga-
tion, power and transportation. With
this will come consideration of the
land and mineral laws, forestry, irri-
cation, grazing, and all the conflicting
questions that have arisen over the
use of public lands and property. The
range OF topics for discussion is sc
wide that it embraces practically every
industry and interest, and nothing but
good can result from the interchange
of views on the subject.
The United States has been called
Natures storehouse of wealth." bu
records show that such drains have
been made on the storehouse that al
early future generation will find i
empty unless prompt plans are adopted
for keeping it replenished' for future
needs 1t is estimated that the United
States will have a population of 1875,
600, 900 in 1926, but seventeen year
away, and at least 100000, 900 b!
1850. The population in the futur,
will need all these resources.
Omaha daily bee., 1908-05-13
LIE FLEEr I've Irs MISSION

IRE FLEET AND ITS MISSION.
Tumbling lazily and securely in the
welcoming arms of the Golden Gate,
the eighteen American battleships are
preparing for a continuation of the
cruise around the world. No loyal
American reads with anything but min
gled pride and satisfaction of the ac-
complishments of the fleet under Ad-
miral Evans and the effect the cruise
has had upon the people of all the
world.
1t is now nearly five months since
the fleet sailed from Hampton Roads,
carrying nearly $4,000 men. The ships
have traversed nearly $4,000 miles,
through every latitude, facing the
blazing heat of the torrid zone and the
icy blasts OF the Antarctic regions
with equal serenity. Its officers and
men have found royal welcome in
every port. cementing the friendships
OF the nations of Central and South
America and giving them hint of the
power behind the Monroe doctrine
upon which the peace of the Latin.
American countries so largely depends
The naval program OF the admins
tration has been vindicated and ever,
critic silenced The ships stood In,
trying journey without apparently tn,
Omaha daily bee., 1908-05-13

slightest injury, and the ability OF the
American seamen has been demon
strated beyond question Through
fogs and storms, by night and day.
the fleet kept its alignment and sailed
as though on the placid bosom of an
inland lake. and. upon arrival at San
Francisco, every vessel and every man
in the crew was ready to go into battle,
If necessary, at moments notice. The
fleet has accomplished an important
mission, in convincing Americans of
the power of their navy and giving the
rest of the world a hint of the ability
of the American nation to work out its
destiny in the occident or the orient,
wherever duty may call.
Omaha daily bee., 1908-05-13
Is 1T A LARGE BLUFF
Proposed Increase I'm Freight Rates
Deferred Until Fall.

Philadelphia Record.
While the officials of the trunk lines of
railway east and west, are practically
agreed upon the necessity of advancing
freight rates, it is deemed to be a physical
mpossiblity to make any immediate
change. The enormous amount OF detailed
work connected with the readjustment of
rates, including the printing and checking
Of tens and hundreds of thousands of
tariffs, makes It impossible that the rate
Increases can be made effective before next
fall. October l is named as the earliest
date " which any systernatized and compre-
hensive advances that may be agreed upon
could be put in working shape. 1t is said
that the proposed advance at first con-
fined to class rates. may be extended to
include some of the commodity rates in
trunk line territory. 1t is quite possible,
however that Notwithstanding the distrac-
tons of the impending political contest a
revival Of business activity during the next
five months might change the plans of the
railway managers. A general advance in
freight rates would nip like a killing frost
the budding promise of business revival. II
| is an expedient of delay and continued de-
preston.
Omaha daily bee., 1908-05-13
The FnvOritc ana the FieId.

INIIaUeIUlId IteCOTu Iuem.J.
Our Washington correspondent reports
that the "allies" count up 247 votes
against Taft But twenty OF these are
Mississippi votes for Foraker. which are
in contest. The Taft people claim Ss4 votes.
The New York Tribune comedies him s4S.
Another compilation gives him 3l3 The
Independent Order of Favorite Sons claim
that on the first ballot Taft will be in a
minority Of more than 100. 1t is law of
politics as Of physics that bodies attract
in the ratio of their volumes and Taft is
a large man; his vote will be large, and
lots of delegates may be counted on to
jump in on the winning side. II is far
easier to pick up votes for the favorite
than for tha field.
Omaha daily bee., 1908-05-13
SOME DRAWBACKS.
Nashville American.

Nashville American.
It's easy 70 say wen be cheerful
Regardless of weather or luck
And whether our schemes are successfIIl
Or IL we fall down and get stuck,
or win on our ventures a pile,
But answer this question In passing:
Can man pay his taxes and smilef
We build a philosophy slSyward
That's founded on love and good cheer
Ana say We VIII use In our business
That kind and that only this year.
And really II looks well on paper,
But later II takes all our skill
To keep II in tune and good order
And pay our wifes dressmaker's bill.
y
We feel ourselves gently uplifted,
AS though OF superior clay,
BY this line Of conduct weYe outlined
TO guide us along day by day
And then for a little diversion
We bet on a horse that's Outclassed,
And where is our patent good nature
When It drags along toward the lastf
It's lovely for fair weather sailing
And sounds very well to the ear.
But when there are tempests and thund6r
Look out for the craft called Good Cheer
It's wise, 1 opine, TO keep striving
Your rash inclinations 70 check.
But dOrt be surprised N you falter
When fate lands you one on the neck.
Omaha daily bee., 1908-05-13
ORGANIZING ron A FIGHT.
shippers Preparing 10 Resist Advance
in Freight Rates.
st. Louis Globe Democrat.


St. Louis Globe Democrat.
It would appear to uhprejudiced OBJ
servers that the railways are rash in talk
ing about sending up freight rates at this
timeN Undoubtedly some of the recent cuts
of rates by state enactments were in
furious to the roads, but in this time of
Industrial stagnation the roads ought to go
slow about making advanc ~ The protests
which will be heard at the Chicago conven-
ton of shippers next week viii show that
the patrons of the roads are angered at
this purpose. 1t would be better for the
roads to postpone any Increase of rates un-
I'll after the presidential election, at least.
The hostility which the project has en-
countered throughout the country has
caused some of the larger eastern roads to
give notice that they will not be bound by
any advance in rates, if an advance be or
dered. This promises a war between the
roads in case they should send their tariffs
up. For the moment war of rates might
benefit some of the shippers but eventually
It would injure them, and injure the gem
eral public. Stability in tariffs, when the
tariffs are reasonable, is what both public
and shippers want There is special need
at this time for the avoidance of anything
which could disturb confidence and halt
the march in business Improvement. The
wise railway chiefs will do well to take a
very careful look over the ground before
they start out to urge any raise IN their
tariffs II, as seems likely, good crops
come to us this year the roads and the rest
of the country will once more start on the
up grade. 1t will then be early enough to
talk about sending rates UP.
Omaha daily bee., 1908-05-13
Personal NOTES.

Emperor William has conferred the
order of the Crown of Prussia upon Will
liam Charles Reick of the New York Times,
The newspaper writer who sent up the
democratic platform with the guide line
add Sports was not far out Of the way
after all.
The kaiser, runs newspaper yarn, spent
months learning modern Greek so as to
make speeches in the Island OF Corfu,
where the natives speak Italian. stil. he
may sometime want 10 buy banana.
Indiana has long been raising its own
crop of bucoic poets and romantic novel
lists. Mrs. Guinness now supplies the
Hoosier school with homemade plots of
love, dungeons, fortunes. mystery and ad-
venture
! The Russian Duma has adopted a device
| for the benefit OF wordy orators. A red
light is placed in front Of a speaker and II
| is automatically extinguished at the end
of ten minutes as hint to the talker that
he is through.
f. Augustus Heinze, it was said. found
/ trouble in Wall street because he ala not
/ know the game His encounter with a
/ blackmailer, in which the would-be ex-
| tortioner came off second best, indicates
/ that he knows how 10 take care Of himself
IN hand-to-hand financial encounter.
Walter l.. Wilson, senior paymaster In
the navy, has been placed on the retired
| list for physical disability. Paymastei
Wilson is a son Of the late William L. VII
son, who was postmaster general in Presi
dent Cleveland's administration and was
also a representative in congress from Yves
Virginia. He was at one time chairman oi
the committee on ways and means.
Omaha daily bee., 1908-05-13
4 SUGGESTION IN POINT.

While it may be little premature
to get down to the details of the new
court house for which bonds have just
been voted, the suggestion of the La
Dor Advocate will be in point when the
times comes, that every dollar of the
money that can possibly be kept in
Omaha shall be kept here. In other
words, the rule which should govern
in the erection of this public edifice
should be that, other things being
equal, local contractors and materials
locally produced or worked up should
have the preference.
The actual work of construction, of
course, will have to be done by labor
ers employed right here, who in turn
will pay out their wages for the sup
port of families that will put the
money into circulation with our retail
merchants and business institutions.
Inasmuch as the larger part of the
court house cost will go to wages of
mechanics and laborers, the work
should be so laid out and contracts so
awarded as to send outside only for
those things which cannot be had on
reasonable terms, or under any terms
from our own people.
Keep all of the court house money
in Omaha that it is possible to keep
here" will be good guide to follow.
Omaha daily bee., 1908-05-13
Truth Gives friction a slam.

Baltimore American
The astounding tale Of the female Blue
beard I'm Indiana, who lured victims by
matrimonial advertisements. murdered and
buried them, almost passes belief. We are
accustomed to smile at the old fairy tales
based on similar occurrences, but this mod
ern wholesale murder business bears out
the old truism that truth is stranger than
fiction, and that human Imagination has
not yet got in advance of human achieve
ment.
Omaha daily bee., 1908-05-13
A Menacing PossibiIity,
Chicago Post.

chicago GOSt.
$50 you people put couple OF mag
mates in tail on heavy fines, did your" asks
the investigating reformer
Yes" replied the native. 1--WE fined
them the limit; they wouldn't pay and we
put them in cells
That's a good example."l
rs it? Within two days they organ
lied the prisoners. guards and jailers, into
the International penalty company. issued
r50O.Oo00OO in bonds. paid the fines OF
all the prisoners. left us with mortgage
on the Jail and the court-house-and stuck
the surplus money in their pockets"
Omaha daily bee., 1908-05-13
FEDERAL FINANCES.
Economy Emphasized by Decreasing
Revenue.

Philadelphia Press.
1t is no longer probable that the United
States viii pay off the S640O0,OO0 of debt
which natures this year On the contrary,
these per cent bonds viii doubtless be re-
funded with an issue Of per cents. The
government will thus save a third in inter-
est charge and the banks will not be in
ooHTcnicnced b. having to surrender so
much of their basis OF note circulation.
Uncle Sam has felt the Industrial depres-
sion as every one else, as his balance sheet
fully testifies. In ten months OF the cur
rent fiscal year the federal receipts We're
81 100000 less than during the correspond
ing period Of 1907. But during the same
period expenditures increased S6i, ,OCG, 90
The chief loss came through a falling off
in customs duties.
The United States treasury is today sos
1000 poorer than II was one year ago.
OF course, there Is a very big balance OF
cash carried In the national banks. But
even 50. il is no time for wasteful expen-
ditures at Washington. National economy
IN small things is just as wise as Individual
saving along similar lines.
Omaha daily bee., 1908-05-13

RtppIes on the Current of Life in In,
MefroupIfs

hhNNAeA on Nne current OF Lie IN Nnc
Metropolis.
New York City claims TO rank second
only to the national government as a land
holding corporation. A statement issued by
the city comptroller. based on reports Of
experts puts the valuation OF property
owned by the city at S2,OOO.OOO--an amount
sufficient TO guarantee the integrity Of
three times the present debt Of the munich
pality. The custodians who are guardians
of this vast property feel that the ancient
city hall Is not sufficiently imposing for the
dignity and responsibilities of the job and
have decided to outshine all former pro-
jects In the municipal building line. ex-
cepting only tho $24.OOO,O0O job put up In
Philadelphia New York's new city hall will
occupy all Of the triangle bounded BY Park
Row, Center and Duane streets, with
Chambers street bridged in arcade form.
Counting these in the tower there will be
thirty-four stories, and is estimated to cost
s7,OOO,OO0 OF the total thirty-four floors in
the proposed building the arrangement is
as follows: The subway level will be one
floor under ground, above that, at the
street level, will be the subway entrances
and over that, on a mezzanlne floor, will be
the machinery for the building Above ffEse
three transportation floors will he twenty
three office floors, and there will be eight
stories in the tower surmounting the build
ing
Omaha daily bee., 1908-05-13

u
1t may be mere accidental coincidence,
but it is good sign that on the day when
the war fleet approached San Francisco an
arbitration treaty was concluded by the
United States and Japan. Every such
treaty lessons the danger of war in provid-
ing the means of peaceful settlement of in
ternational Disputes. This treaty with
Japan is of especial significance in view OF
international differences that have been ex-
aggerated into causes of war.
Omaha daily bee., 1908-05-13

The value of a wool market to
Omaha and the west is becoming more
apparent each day, Wool growers In
the western half of the United States
are far more deeply interested in this
project than the casual observer would
note. Well informed men say that it
is the most important move made by
Omaha in recent years. and the deter
mination on the part of its promoters
to make it a success guarantees that it
will become one of the chief factors in
Omaha's commercial supremacy.
Omaha daily bee., 1908-05-13

From all over, the country come re-
ports of renewed activity in all lines of
commercial and Industrial enterprise,
but nowhere is this more noticeable
than in Nebraska. The Antelope
state was not very badly hit by the
panic and. the excellent outlook for an
other bountiful crop season justices
the citizens in their energetic efforts
TO improve their conditions.
Omaha daily bee., 1908-05-13

The consideration of rates on -four
by the Interstate Commerce commits
sion is likely to bring about conditions
still more favorable to Nebraska mills.
The grinding of wheat grown in Ne
braska by local millers is just now of
prime Importance.
Omaha daily bee., 1908-05-13

A Des Moines man committed suicide
because the home team lost a game.
Washington would be depopulated in
a season If the fans at the national
capital took defeats of the home team
to heart in that way.
Omaha daily bee., 1908-05-13

Governor Haskell of Oklahoma must
be disappointed to find that five days
have passed since he declared the ne
cessity of amending the federal con-
stitution and congress has not yet
taken any action on the matter.
Omaha daily bee., 1908-05-13

New Jersey republicans have de-
clared for Franklin Murphy for vice
president. Indications, however, are
that Murphy will be small potatoes at
Chicago.
Omaha daily bee., 1908-05-13
Advance Agentr of Prorre.u.


81. Louis Times.
Young Americans are developing the rail-
roads of Canada and the wheat lands OF
the Canadian northwest. Only the other
day an American discovered in Quebec
province Diamond deposit that Is said tc
rival that of the Kimberly district If the
esteemed Dominion government will give us
the chance we shall develop Canadian
riches as we have taken care of our own.
Omaha daily bee., 1908-05-13

Habibullah Kahn, ameer of Afghanis-
tan, who has been drawing 100000 a
year from England for keeping the
peace, has allowed his soldiers to in
wade India and start a slaughter. II
Kahn can't keep the peace, he will
have to paw the penalty.
Omaha daily bee., 1908-05-13

1t is proposed to have the Methodist
conference leave the individual the
right to decide whether amusements
are harmful. OF course, the individual
cannot decide without seeing the
amusements.
Omaha daily bee., 1908-05-13

Insurance reports show that fifty
eight school buildings were destroyed
by fire in the first three months of
the present year. Make the school
buildings fireproof
Omaha daily bee., 1908-05-13

wide niche in the Temple of Fame
awaits the genius who WIN adapt a
cloak room to the modern Pullman
car. At present the Pullman company
Affords the minimum of comfort for
the mGximum or price
Omaha daily bee., 1908-05-13

Timber men assert that they have
no desire to destroy the nations for
ests. but. just the same. when you find
a lumber baron you can usually locate
a timber barren.
Omaha daily bee., 1908-05-13

''The reckless chauffeur must go, :"
Says the Chicago Record-Herald. On
the contrary, the reckless chauffeur
should be restrained from going.
Omaha daily bee., 1908-05-13

Harry Thaw promises to go to Eu-
rope to live if he is released from the
asylum. That is a strong argument
in favor of his release, If he will take
Evelyn with him and Europe does not
object.
Omaha daily bee., 1908-05-13

Several Russian grand dukes have
been restored to prominent positions
In the army. Japan feels better every
time a grand duke Is made an officer
In the Russian army.
Omaha daily bee., 1908-05-13

District Attorney Jerome confesses
that he has succeeded in convicting but
, one man in five years. No. Two. BY
his confession, he has convicted him
self.
Omaha daily bee., 1908-05-13
once Looking for the Man.

Governor Johnson need not have taken
the trouble to deny 1t. Nobody is ever a
candidate for the vice presidential nomina-
tion, But is there statesman so able
that he could presume to turp down a
draft?
Omaha daily bee., 1908-05-13

A Boston man claims the authorship
of Casey at the Bat" He should
tell the whole story and admit that
he wrote The Breadwinners" and
SI.etters Of .Jnnius,"
Omaha daily bee., 1908-05-13
steam in Reserve.
Washlneton Herald.

We have Senator Davis word for II that
his late speech was very temperate in
tone" We suppose q steam calliope and
brass band isn't In II with Sthe senator
when he does grow the least bit intemper-
ate IN his remarks
Omaha daily bee., 1908-05-13

The mill value of the lumber cut
in the United States last year was
1921 zoo, ,060. TAls. Is a fine show
ing, at the expense of the forests.
Omaha daily bee., 1908-05-13

A financial paper says that the
Goulds are getting hold of new prop
critics. Prince de Sagan hopes to be-
come a Gould property.
Omaha daily bee., 1908-05-13

War on the Tiger" is the title of an
article in a current magazine. The
scene of the story is laid in India and
not In the Tammany district.
Omaha daily bee., 1908-05-13

District Attorney Jerome says he
never made mistake in law. When
the law does not agree with Jerome,
It is the fault of the law.