davidaulloa/AmericanStories huggingface dataset:
Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1908-04-29
LESSONS IN HIGH FINANCE.

Thomas +. Ryan, dealer IN STOCKS
and bonds, promoter of railroads and
all-around financier, startled the mem
bers of a New York grand jury by de-
| claring that 95 per cent of the stocks
of the railways of the United States
are water. Mr.. Ryan said also that
some of the railroads cost the owners
not one cent to build.
The public was aware that the cap
ital stock of many large corporations
contained a liberal percentage of wa
ter but that it is practically all water
is news to most of us. Ryan without
doubt must know what he is talking
about, and his declaration makes plain
several matters not heretofore gener-
ally understood 1t explains why rail-
road promoters, who haven't sufficient
capital in their own right to build
thousand feet of railroad. are so nu-
merous and anxious in many parts of
the country The tax aids and Dor
rowed money are expected to build the
roads, and the common stock is the
basket provided to catch the profits.
Ryan's statement explains another
matter. 1t is the Harrimans. the
Goulds and the Standard Oil crowd
who have shown their ability to make
large corporations pay big dividends on
this watered stock and good rate of
interest on the bonds at the same
time. 1t is these fellows who are the
successful promoters, because their
bond issues are taken by the big
banks and trust companies.
Ryan's information reveals another
secret. 1t is that the income of for
tunes credited to many of the raj!
magnates are largely fictitious, because
of this watered stock. When panic
comes and liquidation is forced, or
earnings on the stocks of doubtful
value fall off or disappear entirely,
these large fortunes go the way OF a
SNOWFALL and it becomes necessary for
the holders to sell off their automo-
biles and their yachts and HE to their
suburban residences where household
expenses may be reduced and social
rivalry is not so intense, or less expen-
sive.
After all, it is the common peoples
money that makes business go. 1t Is
loaned to the country banks. which in
turn loan it to the eastern banks. 1t is
invested in life insurance policies and
in turn loaned, thru bond issues, to the
CAPTAINS of finance to enable them to
build steam and electric railways for
our own use and convenience. And
the public pays on it's own money not
only interest to the bondholedrs, but
dividends to the holders Of watered
stock and princely salaries to presi-
dents and numerous vice-presidents
of corporations that exact sufficient
toll in freight and passenger rates to
accomplish all this. We could build
and operate our own interurbans if we
could convince the trust companies
that public managers could run rail-
roads SO as to earn interest charges.
Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1908-04-29
WHERE lin GOOD STANDS.
tFrom His vinton Address)

alities, with the solution OF problems
for the living, not for the dead; with
wrongs that must be righted; and with
reforms that must be written into laws
if the great party Of Lincoln, OF NC
Kinley, and of Roosevelt is to perform
its God-given duty.
The greatest exponent OF true re-
publicanism today is Theodore Roose-
Welt. He, and those who are with him
in spirit and in truth, see the great
evils that are confronting the nation,
and realize that unless they are
throttled by the nation, they will
throttle it. Many of his opponents
either fail to recognize the danger, or,
recognizing it, believe that the laws
which we already have, are sufficient
to cope with present conditions. To
demands for needed legislation. they
say "wait." To the appeal for the
passage of laws that will be truly reme-
dial, they urge that 'they will be
harmful to business" and will disturb
conditions" To the demands for re-
forms, they point to the prosperity OF
our country, and say, "let well enough
oil
Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1908-04-29

four special messages to congress to
get it to act in urgent and important
matters?" inquiries the Webster City
Freeman Tribune.
The Rockwell Photograph asks VIII
the standpat howl about Cummtns
leaving his office to make lew
speeches please stop long enough for
Dolliver to come from Washington and
he heard in the interest Of Allison"
The Nevada Representative can see
that ut is becoming more and more
to be recognized and believed that Taft
is the weakest candidate the party
could possibly nominate, and that his
election. if nominated would be worse
than doubtful
Referring to the junior Iowa senator
the Thornton Enterprise remarks:
unless he displays better discretion
than he has in the past, his speeches
will benefit Cummins more than they
do Allison. It's a cinch they will be
of no benefit in this county to the
standpat- straddlebug cause"
"Theodora Shonts has the consola-
ton of knowing that she is about the
only American heiress who was able
to live with her titled husband until
death separated them" says the Bur-
lington Gazette.
perhaps the most significant occur
renee that has been announced to date
in the campaign, is the fact that Mr..
Trewin is out shaking hands with the
farmers in the Fifth" remarks the
Waterloo Courier. This is a great
triumph for the primary for 1t may be
safely wagered that Bob Cousins never
did such thing in his life. The
politicians kept Cousins in congress.
The people are the ones who must be
looked to now to even get the nomi-
nation. 1t is a much better condition"
The Council Bluffs Nonpareil sub
mits the proposition that with every
passing day evidence accumulates that
representatives to congress might as
well be considering successor to
Uncle Joe Cannon as speaker of the
house."
The almost incredible rapidity with
which the great range country OF the
southwest is being transformed to q
farming region Is illustrated in a re-
cent dispatch from San Antonio, Texas
which says: George w. Littleton, the
Texas cattle king. has completed
deal with Chicago syndicate whereby
two entire counties, Lamb and Hook
ley. comprising 100000 acres. will be
sold with 20. 900 head Of cattle and 500
saddle horses for 100000. 1t is UNI
derstood that the land will be paid
for on the basis of $3.50 an acre, and
that 100000 will be paid for the cat
tie and 5000 for the horses. 1T is
understood that the Chicago syndicate
will divide the land into small farms
and colonize them with Bohemians.
Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1908-04-29

Yesterday. under the. leadership OF
Abraham Lincoln, the republican party
demanded freedom from human slav-
cry. Today, under the magnlhcent
leadership of Theodore Roosevelt, II
demands freedom from corporation
control.
The great problems that confront
the nation today, are business anu
moral, rather than political.
Theodore Roosevelt stamps as
criminal, ''the man who picks pock-
cts with a railway rebate, murders
with an adulterant instead of blud-
geon, burglarizes with rake-oH m
stead Of a jimmy, cheats with COM
pany prospectus instead of a deck OF
cards. or scuttles his town instead
of his ship"
That great apostle of true republf-
canism today demands the punishment
of every criminal, without regard to
his social standing, and for every man.
be he rich or poor, strong or weak, ne
guarantees a square DEAL. But IN
these reforms he does not have the
support of united party.
1t is within such party that this
contest is waged, and at the outset let
me urge moderation in all that Is
said, and in all that Is written in re-
gard to the candidates for republican
nomination. Let all contests within
the party be fair, honest and clean.
A Campaign so conducted, will purge
the party from Impurities within, will
strengthen it to stand attacks from
without.
To. my mind, the issues of this
campaign are clear and we'll defined.
There are principles involved. My
message to you therefore, shall deal
with principles, not men, Except in
cidentally) with conditions, not person
Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1908-04-29
ges- sssep,11irat g1larsta11tn lnua Aprn % 1903

four special messages to congress to
get it to act in urgent and important
matters?" inquiries the Webster City
Freeman Tribune.
Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1908-04-29
THEY WORKED FOR IT.
navenport Times.)

In criticism Of the primary law It Is
said that the people are given an OPP
nortunity to vote for man only after
he declares himself to be a candidate,
while under the convention system
any man could be nominated who, IN
the opinion Of the majority OF the
delegates, was best suited to lead the
party. Yet, as matter Of fact, 1T
was seldom. indeed, that delegates
nominated a man who had not been
ont after the nomination and working
hard to get It,
Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1908-04-29
,owA OPINIONS AND NOTES

mo one likes to sit behind a hat
Of enormous proportions and study
the architecture of it when there may
be something going on in 'front.'. Cd
serves the Clinton Herald.
Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1908-04-29

"If Senator Allison is such power
in congress as he is represented to De
and Sc he is in accord with President
Roosevelt, why is it necessary for
president Roosevelt to send three or
The Detroit times., 1908-06-22

Dearborn, % Windsor, 8.
Deiray Athletics. o, wheelmen. 2.
Good Luck. Of Detroit, o, Gateiey-. of
Saginaw. l.
summaries OF the cat-boat race at
the Solvay Saturday.
Five prize. are up IN n. S CLASSES p an;
clubs July regatta.
Ionia race. start Tomorrow and Iarss
fields Will rule. 4 large number OF
Detroit horses are entered.
Colin won the Tidal stakes at she-p.-
head Bay Saturday, making his hf-
teenth victory without a defeat.
The Burroughs team won sgain I'm the
Manufacturers league and seems 70
have the others 50 mewhat outeiassed'
Burroughs representative team beat
the Kelsey Herberts. 10 l. Satur-
day. !n game for the shop team
championship.
Flanagan set n new world. record for
the hammer throw in New York Sat
urday when he heaved the big missile
us feet y inches
Dolly =. turned the Recreation park
day. winning the classy event for
Detroit Matinee club trotters.
steimie. the former Yp.fisuti Normal
pitcher. made good for Kalamazoo.
trimming Saginaw. Flint also lost
and the South Michigan lead is still
tie.
- -
CantiIlon hns offered to sell Falken-
burg or Burns 20 the Sox who are
none too strong in the box now that
they have been deserted by Frank
Smith.
Johnny Garrei. wo. ,hre~ event. nj
the Pittsburg athletic carnival He
also took second 10 Hun IN the 100
metres dash which was won I'm rec
ord time.
Denny Sullivan IL the real Americad
league batting leader with $50.
though Criss OF ST. Paul has made
nine hits---Tnost OF them in pinches-
and has a percentage OF .4s9.
Octoo trotted In ,u0hx at the Fair
Grounds, and there is no longer any
doubt regarding the natural speed
OF the track. The Liar. Frank Cares
The Detroit times., 1908-06-22
P1 NKO[A Likely.
FAV0R|TE IN
FRONTIER
LAroNIA DERBY WINNER WELL
LIKED BY THE EXPERTS,
THOUGH IT'S UP TO THE HAND.
cAPPER-HoRsEs ARRIVING.

More and better Jockeys will take
part In the Windsor meeting which
opens Saturday afternoon than AT any
time In the past The best boys from
tturuttrOn und Montreal viii be on
hand with The horses which began
arriving today. and in addition there
will be "A number from I.atonia and
some OF the good boys from New
York
In the Montreal riding contingent
Will be Jockeys Koerner. Schilling. J.
Murphy, Trueman. McCahey. c..
Swain and Englander among others.
Some OF the Hamilton stars are Jock
eys Scheller, OFT Kennedy, McCabe.
Rosen. Harry and +. Rice.
\ valuable addition will be some OF
the best OF the steeplechase Jockeys.
The inheld racing at the Windsor
meetinG - going TO be featured by
the club. There will be the jumpers
from Hamilton aud Montreal. some
from Latonia and number from New
York. This Is the spectacular side OF
racing, appealing 70 the grandstand
crowds, and the course has been put
In excellent shape for the cross-coun
try horses. The fences are high
enough to be stiff jump for any OF
them and. the water jump in front OF
the stand will test their ability TO the
limit
Just which horse will be the favor.
tie In the Frontier handicap. 10 be run
Saturday. is not known, but most OF
the talk in the hotels is about Pinko.
la. This one won the Latonla derby
and Is high class colt. II the weights,
which will be announced on Wednes-
day, favor him at all he is apt 10 be
the one. There are many in the field
that will give Pinkola all the racing
he wants for an afternoon and some
OF the shrewd handicappers think it
is an open affair
The fire special horse train from
Hamilton Is due this afternoon Other
trains from there and Montreal will
arrive later so that tomorrow hun
dreds OF thoroughbreds will be enjoy
ing their oats in the Windsor stalls.
The Detroit times., 1908-06-22
Detroit 49, Washington ~; Cramps Rub II In.

stomach but keeps gamely az It and
has been umpiring grand ball
The crowd appreciates the fact that
Ty Cobb IL putting his opponents up
In the air with that fast stun almost
every day and on sunday rendered him
an ovation once when II went wrong.
II is doubtful II the oldest inhabitant
ever saw so many hard hit balls take
long hops into inlelders' mitts as has
been the case when Washington was
In the field during the series that Just
ended yesterday.
Looks like Claud Rossman was GO
Ing 10 get long Fest. Hughie Is like
ly to walt for a slump before he
changes his infeld Then somebody
Will have 10 make way In the suburbs
for Wahoo Sam.
six" accused Warner OF allowin q
act was designed TO result in col
llsion with the arbitrator's persona
common subterfuge OF catchers-it
failed. for he ducked II.
The Nationals lost all their ginger
Saturday and didn't get much OF ~
back Sunday. Cantillon handed Capt.
Ganley a singing call In front OF the
stand for his leisurely manner OF TAX
ing the field In Killian's game.
No chance for Falkenburg deal.
Cantillon natly refused to do business
on n cash basis and wanted a right
hand batter OF sonfp sort. Mr.. Navin
had none 10 offer. for, with the excep-
ton of Siever. none OF the Tiges are
on the market
The Detroit times., 1908-06-22

Freddie Payne Is not yet out TO prac-
tice
Just 1851 paid 70 see Mr. Summers
I'm all his glory Sunday
Not a single untoward circumstance
marred the Sunday game.
There were more ladies In the re-
served-seat section on sunday. than
gentlemen.
c. schmidt devoted himself TO fan,
ming summers between heats and did
yoeman duty.
schaefer had field dav on SATURDAY..
accepting ten chances at short stop
without an error.
Delehanty. who has been quite III.
left with the Washington team. weak
but convalescent.
The knees of our sterling south
paw appear to be getting a bit farther
apart every time he tolls.
Two out OF three from washington
was about the same dose which the
Tigers handed New York and Philadei-
phia.
The, Tigers had some luck, as we'll
on sunday Schaefer threw his bat at
the ball to help Mcintyre and singled
TO left
The Tiges scored two runs without
a hit or Hughes on Saturday and
Long Thomas wore very bored ex-
preston.
1t gives Mr.. Altizer great pain TO be
proclaimed out. apparently. What fun
the Tigers have had with him the last
two days,
Pickering camped out In right for
Cobb and Crawford and got each OF
them once on what would usually have
been triples.
"Kickapoos double In Detroits
second on Sunday was what made the
task through the rest of the game
seem too easy.
OLoughlin was late starting the De-
trolt first Sunday. being compelled TO
put his lunch"
President Navin has had 90 go 20
work for "a second time 10 get waivers
on Siever. Those he secured a month
ago have expired.
Mr. Crawford desires II stated that
a throw from the outheld hit him on
the ear Saturday n Sunday paper
had his neck wrenched. Sans rub
bering apparatus has never gone back
on him yet
BIZ Coughlin failed to get away
The Detroit times., 1908-06-22
SULLIVAN WINS;
LON Cb0AT BARRED

LONDON, June 22-James E. Sui
Ivan. president OF the Amateur Ath'
letic Union OF the United States. aud
secretary OF the American Olympic
committee, has arrived In London.
He had long session with the right
Hon. Lord Desborough. OF Taplow,
chairman OF the British Olympic as
sociation. yesterday. and plans for
the olympic championship next month
were fully discussed
The president OF a. A. L. won his
point in regard TO Tom Longboat, the
Indian runner, and the latter will not
be permitted 10 compete in the cham
pionships. on the ground OF alleged
professionalism Mr.. Sullivan insist
ed that Dongboat be barred and as
result his entry was officially rejected
As a matter OF fact. the Indians
entry always hung fire.
Manager Halpin is perfecting all ar.
engagements for the sailing OF the
American team next Saturday. The
men will sail on the steamer Phila.
del?hia, from New York.
The Detroit times., 1908-06-22

with a hit by pitched ball" PROPOSE :
tion In the early stages Sunday out
did connect later on.
No fault can be found with the De
troit battery work these days. though
the Sox are lkely 10 hand II severe
test today and tomorrow.
Pretty warm these days out in the
sun, Both teams emptied their water
bottles ere the contests OF saturday
and Sunday had been finished.
O'Ieary is taking a course % baths
and won't get into uniform for few
days yet in all probability. HIS STRAIN
IL rapidly departing, however.
The hrst-basing OF Mr. Crawford
continues TO astonish us. He spears
'.m fat on his stomach and with one
hand Just as easily as bolt upright.
Something tells us that things would
have happened to Nr. keeley had ne
pitched much more than one inning.
The TiRes were shifting him very hard.
Burns had the same speed and curve
he showed on Thursday but his controi
was woobly In the early stages ana
Detroit hit him when he had 10 put "
over
Such baserunning as the Champs
have given us OF late Draw a throw
is the motto OF the Tiges when on base
and they do IL OH every possible oc-
casion.
Come on. kid. and pass the ball,
remarked Coughlin % Crawford before =,
CALCULATED Sam as he ducked out from
the dug-out.
Mr. Clytner may not be much or a
pinch hitter but he IL the only man
on the Washington baseball club who
can give Joe Cantillon good game
OF pinuckle
Killifer's strongest point In the Held
is his handling OF thrown balls. lie
touches the runners impetuously but
always with care TO his own safety.
And he gets 'efn.
Killian and Summers each worked
his-ore stTike-out into a most appro-
pirate spot Incidentally, strike out
pitching isn't always good pitching by
a considerable distance.
Schaefer would have had perfect
record at the hat Sunday but for a
corking stop by Mcbride who looks 10
be as fine a fielding short stopper as
we have seen this year.
SILK OLoughlin ~ having his
troubles with foul tips on the instep
and rising tendencies In the pit OF the
The Detroit times., 1908-06-22
BIG BOAT RACE
KNOWS NO FAVORITE

POUGHKEEPSGE, y. Y, June 22.--
The five crews In the intercollegiate
regatta on the Hudson river, today
entered upon their last week Of train
ing With greater uncertainty a. - l -
result than has been known In many
years
Contrary 10 the last two years,
there is no widespread belief that
Cornell will win the varsity race. IL
not the twomile race for varsity fours
and the two-mile race meet for
freshmen eights The prestige OF a
series OF victories seems 10 have
been broken by the defeats of Cor
nell this year.
The Detroit times., 1908-06-22
K|LL|AN GETS
ALPENA BR|OE

Ed Killian. the Detroit south-pawed
pitcher. received leave OF absence and
left yesterday for Alpena where he
will we'd Miss Lottie McAfee OF that
city, former Detroit girl.
The fact that Killian's wedding
comes SO closely on the heels OF his
Impressive victory over Washington
Saturday. affords fine opening for a
baseball romance story Unfortunate
ly for this, however. the two have been
friends for years.
Miss McAfee was for some time an
employe or the hotel where Killian
lived
II is understood that Mr.. and Mrs.
Killian Will take the trip with the
club. spending their honeymoon In a
round of the American ieugue cities
The Detroit times., 1908-06-22
Noteworthy Events in the
American League Race

The Sox won from Boston Sat.
urdsy and Sunday, the visitors
supporting Young poorly In his
battle with Walsh while. on SUM-
day the Sox batted Cicotte out OF
the box
Llebhardt out.pitched Dygert
and vIckers on Saturday and
Cleveland won, 4 10 2, a Jumping
catch by George StoVall featur-
ing.
The Browns hammered Man.
ming for three runs in the sixth
and beat New York Saturday, 4 to
2. On Sunday they knocked Fred
Glade, their old comrade, out Of
the box and won. 5 to I, Petty
pitching.
Detroit copied the concluding
games Of the Washington series,
playing fine ball back Of killlan
and Summers, who pitched we'll
throughout.
The eastern clubs won blu. IS
games out Of &c played In the
west and 90 home In the second
division--aIl four Of them.
The Detroit times., 1908-06-22

With Mcintyre >on third and Schaefer
on first. Crawford raised short ny
10 Ganley
As that MAS the first -AalLY
chose not 10 attempt the hazardous
dash for the plate and Ganley threw
the bail In 10 Shipke at third.
Freeman. the Washington trst-sack-
or had quite properly come away In
back OF the plate 10 back up the
throw from the outtield.
Just as Shipke got the ball Schaef-
er who had run back TO first while the
fly was being caught. took advantage
OF Freeman's absence 10 dig In ap'
parently with all speed for second
base
srlfiH4ea-st4+i- sSr~-h4Ffa7-------
Dutch stopped on the line, midway
between the bases.
The Washingtonian promptly broke
into a brain storm and heaved the
ball at the unguarded first sack. IL
went TO the barriers and Mcintyre
scored, while schRefer made his way
to third unmolested.
A few moments later Schaefer
turned of another stunt in company
with Tyrus Cobb. Ty hit a ground
ball that looked as II II was going 20
get safely past Altizer and Schaefer
tore for the plate. The visiting sec
ond-sacker. however, made grand
stop and throw 10 the plate.
Did Schaefer stick his head down
and keep sprinting in TO certain
doom? Well. not exactly.
He lodged up and down the
line with the whole Washington
team In pursuit and kept going
until Cobb had clrcled all the way
from first to third. Sehaefer was
retired, OF course, but the Tigers
had merely changed runners on
the third sack and Cobb shortly
tore In with the run, when Jones
beat out an lnfield tap to Nc
Bride.
Another instance OF head work that
would have rejoiced any baseball
strategist occurred In Washington's
seventh.
The Detroit times., 1908-06-22

TwO-bnse hit--Cobb. Three-base
hits--McIntyre, Ganiey. Sacrifice hits
Couehlfh, Ganley. stolen bnses-Mc-
lntyre, Cobb, sbIpke. First base ON
baiis--On I<iiIian, ~ on Hughes, 4. Hit
~ pitched ball--By kfilinn. IL ~
Hughes. I. First base on errors--De-
troft, II Washington, I. Left on bases
Detroit, 8; Washington, q. Struck
out ny kfIlian, L, by Hughes, 3.
Double plny--Schaefer AMI killifer.
Tfme-Ii55. Umpire-0'LOughiin. At
fenda uee--s Dob.
The Detroit times., 1908-06-22
CMALL -CPORT1NG

C. OF c. candidate. has turned IL In
2oSs.
Bay CITY plans motor boat regatta
for July Il. and has a new boat they
call General IL. especially designed
To beat T. II Walkers General. built
there a. yeara2n- ar.d- x!ctoE+ans-A IN -+ts
= class at Palm Beach last winter.
Once more 10 looks as ~ somebody had
made poor trade with James Nc
Aieer Williams Is far better sec
ond -baseman than Niles and Glade
Is OF little or no US. IN the box for
New York Nor do the Browns seem
10 miss Hemphill.
Will cult Hot Springs for san An
tonic, Tex next spring The ma
larial fever for which that state Is
noted ia the only objection. his
however. was met with just the same
in Arkansas this year.
The Detroit times., 1908-06-22
CANTILLON'S BROTHER
HAS SIGHT RESTORED

NEW YORK. June N22--After hav-
ing been totally blind for Ave weeks.
James Cantillon. had his sight restored
and will completely recover. He is a
member OF the Des Moines Baseball
team. and his brother Joe is manager
OF the Washington American.
The doctors yesterday decided that
Cantillon would be blind for the rest
OF his life. When the news was TAX,
en- 10 him be became hysterical and
raved for hours When he recovered
he exclaimed:
81 can see'"