The Washington herald., 1908-02-02

on with Charles W i'm the Morse banks, the Ma
uonaI Of North America and the New Amsterdam When
Morse banks failed bankers their eyes the
the company, who taxed him. Mr.. Barney admitted
that he mad loan OF more than 100000 from the National
Of North America and $4,000 from the New Amsterdam.
A demand made Mr.. Barney that he take up
these loans In despair he declared that he unable to
do So
When the officers of the National Bank Of Commerce
which cleared for the Knckerbocker learned Of this they
gave they no longer clear
erbocker Trust The directors the Knickcrbocker Trust
thereupon asked for Barneys resignation, which
rendered October D. on October % the company
closed its doors after paying out 100000 to depOsors
River of Suicides"
And the panic on, People filed in lire before the
New York banks waiting their turn withdraw their
money Such excitement had rarely been seen in New
York in years. And in The meanwhile not a few
we're going TO the river the suicides Hard pressed
by creditors, Barney took the quickest of escape
from his troubes-death by his own hand
Two days later while men were stiII shuddering the
death of the unfortunate New York banker the
of the frightfu tragedy home Lucieu Marcus
Underwood professor of botany Columbia University
Prof. Underwood Of the most notable men in
the world of botany. He the author OF a number Of
books and authority American ferns
During the financial unheaval he lost most Of his in
vestments. Although on the loss he bore up
bravey until he read of the dsath Of Barney Then his
spirits sank At November ls he lunch
con- his wife remarked that he was looking better.
Yes ! feel somewhat relieved" he replied During
the meal his eyes rested upon knife the tabea long
sharp knife While they eating dessert the
reached slowly for the knife, grasped IT, with cry
jumped from the table.
Sezng the terrified wife ne slashed across
her throat. Casting her the floor he jumped his
daughter brandshing the knife in the air girl
capped and the mad thinking he had killed his wife
stabbed himself death The wife fatally injured
Dramatic the suicide of Clar, Boodgood the ia
nous actress. who killed herself Baltimore Md
night of December She had suffered heavy losses
ing the panic audience was pouring into the
Academy Of Music to see the production Of Truth"
Clyde Fitchs play he actress placed revolver in
her mouth she her a hotel
self She died almost instantly
Driven by that he would lose his investments
Maj. Frank Mclaughlin a politician and capitalist of
Santa Cruz Cal, shot his daughter Agnes through the
head. Then he called his friend former Lieut. Gov Jet
ter the telephone and told what he had done When
letter and physician arrived Mclaughlin lay on the
floor gasping in the throes of death empty bottle
his hand He had taken prussic acid
on December % Ernest G. Stedman who had lost
SloC0 during the panic run over by north-bound
subway train at the Fourteenth street station in New
York City Charles Rouf motomsn Of the train the
only witness of the tragedy, declared that had
deliberately thrown himself the tracks
Mr.. Stedman was we-known lawyer and carried on
extensive operations in estate His friends said the
only for the suicideif such it was-Was financial
losses, his entire fortune than 100000 having
vanished in the fsilure Of building operating company
of which he vice president and treasurer
On the death ro Of the panic of scores of
unknown persons whose savings were swept awav or
deaths from heart disease which resulted from worry
one can only hazard guess.
And from all the deaths can take-what lesson?
The aim in America says Max Nordau is to become
millionaire Health happiness peace of mind are sacri
frantic struggle The IS what? Success or
vanqushment And to what does this success amount?
In an interview, In which he advises Americans to
slow down he says:
Every American has before his eyes the example of
the welknown multi-milonaires who worry themselves
more about how TO get of their money than others to
earn it, What is the them of their mountains of
gold which they have heaped up by din work and cum
ming and vice invention enterprise perseverance,
speculation. exploitation, and cruelty?
They are envied by fools hated by millions despised
by idealists admired by jackanapes They have over
strung nerves. they simple wholesome low their
devoid of any satisfaction: their predominant
feeling thirst for sold which becomes all the more
burning the fully it is satisfied.
"he great danger Of excessive money making consists
a letting himself soon be carried away by it, to
regard object in itself If has come to money
making for money makings sake, lost unto the
evil
1T is too easy forget money in itself is merely
symbol 1t represents the good things which can be
procured with It value because these good things
have one is Incapable of affording the least
satsaeton it is promissory note for satsfactions but