davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1910-05-29
All ENGLAND in the Throes of Mad Gamble in Rubber

wears henca for the most part. Always.
ii is pointed out. dividends are bound
to increase at a rapid ratio, year after
wear as the rubber trees mature and
larger areas are brought under cultiVa-
ton And tho companies which have TO
admit that they have not started planting
rubber trees yet. and that there can
Ie no dividends until the trees that VIII
have to he planted grow big enough TO
be. tapped make the lean years OF
waiting for returns on the money invested
seem easy by positive assurance OF
whackiny fat dividends as soon as the
rubber sap begins to flow. Meanwhile
the money of the mania-St ricken crowd
flows into the pockets of the promoters.
What has made possib!e-What causes
nay. contributed to--sIch an outhurst OF
Inaniaca spccula tiou in rubber shares
First and foremost is the subs nti3l
fact that owing to the great demand for
rubber IT has advanced enormously in
price. II is now fetching something like
200 per cent more than il did year ago.
Several Of the we'll established companies
have paid huge dividends(io 100, aud in
ono Instance 30 per cent--with the Ger
tanty that their dividends will he Still
larger when they share with their stock
holders the profits accruing from the
Evening star. [volume] (Washington, D.C.) 1854-1972, 1910-05-29

Robertson. the viceroy's secretary OF
commerce and industry. under which de-
rsument the railways are managed. Said
he:
One Or the striking features of this
unrest just now is al anti-raiIroad cru
sa6e carried on by the extremists among
the revolutionary agitators. They claim
that the roads are built with British
money for robbing the natives. They say
thu. the dividends and interest go out
Of Jrdia, and that the railways are a
had thing for the people. not only in a
MONEY way. but on the ground of re-
ligiou. They arc using this argument
TO excite the masses. who can he stirred
up only BY attacking their religion and
iDreriling their caste. The extremists
81 thst the railroads are brea king dowT,
caste distinctions. and that eternal dam
nation is sure 10 follow. They advise
the people not II patronze them and say
Evening star. [volume] (Washington, D.C.) 1854-1972, 1910-05-29

panies, and their inflated premiums, arc
based on the utterly unreasonable as
sumption that they will prove equally
profitable. The fallacy OF that Is easily
demonstrated. That the present hish
price OF rubber will be long maintained is
Impossible. The areas devoted tn rubber
cultivation are rapidly increasing IL
only one-half OF tho new companies make
good-or ANYTHING near the promises
of their glowing prospectuses. the pro-
duction Of rubber will be Increased I"
such an enormous extent as to outrun
the demand for it, save at greatly re-
duced prices.
AS with the public. 50 with the London
Stock Exchange. Everything seems to go
that brings grist to that mill. There is
no trouble in getting rubber shares listed
there that would he barred frcm the New
York Stock Exchange and dea iInsS IN
them restricted TO curostone brokers ana
bucket shops.
Another thing that has helped the boom
considerably is the fact that it struck
The public when the public uneSpecteolN
had something like S1to.DGH.' In MS
uOrketS in the shape of unsolicited IN
come tax owing to the failure Of iast
years budget to go through the house
or lords.
Trouble will begin when TIE fancy pre-.
miums have to be paid in hard caSh.
Speaking of the recent inflated dealings
in rubber shares W. r. Lawson, an Eng
lish financial authority, says:
From a purely financial point of view
such wild speculation must be suicidal.
no matter how profit a BILE the subject may
he on which i; Is based. Even if So rub
her were guaranteed Ave years ahead.
the boom could not be carried On for a
half or a q'Iarter OF that time. Simply
beca use it could not he financed. There
tNo
small gamblers and, wc-st of all, too
many West End p!ungers. Vt Isl said
that smart clubs in Piccadiily and Pail
Mali have underwrltten new issues so
to them They will inevitably be landed
with thousands Of shares, when Chapel
Court and Mincing Lane have no further
use for them.
Sir Frank Swettenham. late governor
of The Straits Settlement. where the
estates OF several OF the new rubber COM
panies are located. has also had the
courage to speak out.
Il think" he says. there are far too
many new companies being promoted.
1t is difficult to understand how the flota-
ton of one or two, and somtiIles three,
companies a day can possibly be justified.
No doubt some of the companies recent
~ promoted are quite sound, but there
are many that none bit a lunatic. SO
one would think, would dream of trust
ing with his money"
Unlike all previous big stock-jobbing
booms, this rubber boom has evolved no
great central dominating figure The
man who has the best claim to the title
of rubber king by virtue Of the eX-
tent of his interests and dealings, is
Keith Frazer Arbuthnot. He is a di-
rector In 10 less than twenty-four rubber
companies and is popularly credited
with having made $5.00o,O00 out of the
gamble.
The hungry and disappointed stock
jobbers who did not succeed in getting
in on the ground floor of the rubber boom
have started an oil boom within the last
few weeks 1t has less substantial
Evening star. [volume] (Washington, D.C.) 1854-1972, 1910-05-29

basis to go on. as a matter OF fact imam
the rubber BOOM for there has been no
big advance in the price of petroleum.
But by the same methods that have prov
ed SO successful in creating the mania for
speculation in rubber shares. oil shares
in new companies are now being unloaded
on the public, with almost equal rapldlty
at fancy prices.
To obtain an unbiased view of the rub
Der craze the writer left the marts OF
mammon in the city and went to the rec
tory of Father Bernard Vaughan, the
famous priest whose ascekc life and fear
less dcnunciation OF the sins of society
have won for him the title of the modern
Savonarola'
Father Vaughan was just as busy As
the brokers. But i'm different way. Not
dividend hunters but souls IN distress
were ciamorinS fer his ministra tons. Not
minute could he spare at the rectory.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1910-05-29
RUBBER MAD.

But if the interviewer would accompany
him on his way to fill an engagement
nearby he would talk.
Il know little of the financial aspects
of the rubber boom. he said. Il am
ignorant of the methods of frenZied
finance by which shares in new rubber
companies are made to fetch preposterous
premiums soon they are issued.
Speculation is no business of mine for 1
belong TO the most practical institution in
the world, the Roman Catholic Church.
But it needs no expert knowledge on tie
subject to see that the wild buying of
rubber shares by all sorts of people has
developed into "A colossal gamble. Aad
gambling inevitably leads To disaster,
moral well as pecuniary. to those who
indulge in ii. The gambling fever is
fastening its hold nike a tiend on England
by Curtis Brown. All enthusiastically rssesvcd)
Evening star. [volume] (Washington, D.C.) 1854-1972, 1910-05-29

ford IS cents for a rubber share. And
the is cents has not to be paid cash
down, either. only cents has to he
paid application. Another IS cents
per share has to he paid allotment:
T.! cents IA month two later and the
final j. cents Two three months after
that. And there are dazzling prospects
of being able to sell the share for four.
five or six times it's cost long before the
final L. cents has to be shelled out. 1t
is small wonder that humble folk who
never before even dreamed of ever buying
shares in anything yield to the tempta-
tion and invest their small savings i'll
rubber.
And the proiits-big profits-are figured
out as absolutely certain. even after
making the most generous allowance for
"a possible heavy fall in the present hisit
price of rubber. One company promises
a modest. dividend of per cent this year,
but investors are assured that the profits
are bound to rise. like beautiful golden
stream plunstng into a reservoir, until u
dividend of 100 per cent is paid out III
1916.
Other companies. with perhaps less
faith in human gullibility. content them
selves with promising dividends ranging
anywhere from - to 20 per cent-a few
Evening star. [volume] (Washington, D.C.) 1854-1972, 1910-05-29

except wttl' the consent Of the pas
sengers, and then only on double fare
for the dog. Horses are carried at 8
cents a igtiic when they 20 by freight
train, ana return tickets are issued for
polo ponies at Is cents per mile the
round trip two attendants being car
ried free with every carload. Calves.
sheep and goats. if sent single. must
pay double dog rates. and small deer
cost the same. Wild animals i'm cages
and camels are at the same rate per
carload. but only four can be put in
one car. Full-grown elephants are
transported by special agreement, and
elephant calves not more than four and
one-half feet high are charged 6 cents
per mile.
In travelling over India have. found
tn" cars universally well filed Every
classes. The first is made up Of British
officials. Americans and well-st-do Eng
lisllmen. with now and then. a. rijaii, or
SOME high native official The second
has the poorer classes Of the British,
army officers of second rank, with now
and then 4 soldier SO. and perhaps
well to-do natives. and the third class
carries the masses of the people. and.
as I have already said, il brings the
profits. II constitutes thirds of
the. traffic. the rate being considerably
less than one-haif cent per mile. Dur
ing the past year more than two hundred
rate. and the traffic is increasing grea.-
ly from year TO year.
As to the woman passengers. thosc
Of the first and second class have ears
especially for them. \ Hindoo lady
dare not show her face without losing
caste. and no Moharnnedan woman goes
about without her head yelled The
ordinary compartment for, such people
has windows of blue glass, which per-
mi the women To look ont. but through
which the men cannot see in. The
women com" to the depotS in closed
chairs palanquins. They pull their
shawls over their faces as they walk
through the stations, and ut the same
time may leave their ankles and calves
entirely bare. The ankles softcn have
rings Of silver and gold on them. and
the slippers below may he of gold thread.
In some of the compartments the
windows are so fixed that the women
cannot see out, and upon one train
which took me UP the HiTnalaya noun
tdins We had a car covered with canvas
Evening star. [volume] (Washington, D.C.) 1854-1972, 1910-05-29

.ft-N iJ''-N. Va -.
nR anything bear
ing any close re-
scTnhlance To the
present vjrulent
gambling ( . V - Z
over rubber shares
III England one
must go back to
the days Of the
South sea bubble
Men and women OF
ali grades AMI
conditions II a Y 4
Evening star. [volume] (Washington, D.C.) 1854-1972, 1910-05-29
NE r G II A N 7 Princes

Ter CHI A N T Princes
Iv1 and Factory Girls Alike
Swept Away by the Mania
for Gambling in Rubber
Company Shares - Sane
Men Declare That Only
Lunatics Would Trust Their
Money to Some of the Com
panies. and Father Bernard
Vaughan, the Modern Savo-
naroIa. Denounces Muzzled
Journals That Might Save
the Public From Disaster.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1910-05-29

cents. Ot the companies doing bar
gain business at the latter figure there
are Il large number.
Hence this boom appeals to the crowd
as no other boom has ever done He or
she must be poor indeed who cannot aft
Evening star. [volume] (Washington, D.C.) 1854-1972, 1910-05-29

THE Hindoo's Greatest
i Civilizer - Government
Ownership Which Pays-In-
dia's Big Railway System
Two Hundred Million Pas
sengers at One-half Cent
Per Mellow Fares Pay
the Bill-Queer Features of
Travel-India's Forty Thieves
With the Women Passen-
gcrs-The Ants Eat the Ties
Railway Work and Wages.
Copyright 1910, by Frank &. Carpenter
A
Evening star. [volume] (Washington, D.C.) 1854-1972, 1910-05-29

heen srnl,ten by it. My lord and his
waist. my lady and her maid. clergy
raen. and clergymen's widows merchants,
crrks newsboys. Mattresses. seam
stresses and even chimney sweeps. have
joined in the wild rush for shares. Bridge
has TO a large extent diminished in pop
uiarl,y, owing to the keener excitement
offered ny the opportunities fora fIitter
o. change I'm the indispensable elastic
JroduGt and even tie extraordinary po-
iiticai situation has been engulfed by
rubber rs a dinner table topic.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1910-05-29
TERMINAL, 5rAT1oM AT Bo11b9
----0o Oq7E OF The F1r1E, IT In The World
q

Jas thick rs the tent Of "A circus This
was filed with IIindoo ladies going NO
to Darieeling They were riding
through the finest scenery of the world;
but for all that they might as Wei
have been tied up in leather bags ara
sent as mail.
one of the greatest enemies Of the
railroad in India is the white ant. This
insect eats the ties. the telegraph poles
and everything wooden. 1t chews W
The posts at the stations. and II a pic
of timber is left unprotected II VIII
soon be carried away or 80 hoi'ow.d
ont that il drors 10 pieces on touch
ing have Travelled thousands 81
miles over India, and l nave yet 70
see many telegraph poles other tnaa
those made of galvanized iron The
most common pole is n tube three or
four inches i'm diameter, and about ten
feet in height. This has iron bracke's
with glass insulators, to which tne
wares arc fastened. In other places
the poIes are made of iron rails. IKE
'tj7ose used. for the road. two OF sue
rails being fastened, together 10y lIon
bars q foot wide. In some of the STA
Itinfs the fences are Of iron rails. ana
now and then one sees fences or Stone
posts with barbed wire attached
The general idea at home is that fhe
british hold all the offices of East
India This is not 81. Many soon
places are in the hands of the natives.
although the most important ones sun
20 ~ the British There are aito-
getllcr more than a half million ilnno"S
and other East Indians employed on
the railroads They are I'll" iaborerS
who build the roads, and at the SAM"
time, many. Of them have important
positious in connection with the trdmc
There are Indian station agents ana
Indian brakemen. with now ana then
an Indian engineer. Not a few or inc
conductors arc natives. and nearly All
the telegraph clerks are liindoos or
other East Indians. who have Sradu-
ated in the government schools. Al
together there are about 1000 Europeans
and $4,000 EurasianS employed. TIE
engineers receive good wages. the best
of them getting Sl."o0 per annum
Other officials are on the whole poorly
ratd and the laborerS work Tor a f"N
cents = day. The employees on IN"
roads have a much worse time than
those who do similar work in our coun-
try. The heat is terrible. and il IS no
uncommon for engineers 10 al" OF
apoplcxy while handling train.
FRANK q. CARPENTER
Evening star. [volume] (Washington, D.C.) 1854-1972, 1910-05-29

IL =. dIiN dSS ot HI
dia an the strong
est link in the
chain which binds
it TO Great Brit
ain. and at the
same time one of
the factors in the
unrest which Is
tearing the coun-
tries apart. ] have
lust returned from
a call nnCn Mr.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1910-05-29

a market value. and are bought aad sold
on the exchange. Mr.. Robertson tells
me that the railways ought to pay at
least five per cent per annum. During
certain years they have paid almost six
and their receipts are steadily increaS-
ing.
The railways are managed by a rail
way board subordinate to the government
of India and represented in the yiceroy S
cabinet by the secretary of commerce and
industry This board controls all railwav
matters 1t LAYS out new lines and builds
them. 1t settles disputes as to trans
portation and regulates the prices and
the traffic. 1t is now considering the
standardizing of the gauges of the DIFF
ferent roads When the first tracks were
constructed the gauge was the broa deS.
feet for the principal lines. with narrow
er gauges for secondary lines. 1t il now
found that it is difficult and extensive to
move the traffic over the roads of diff
ferent gauges. and standard gauge
will be adopted.
The British have a right to be proud Of
their Indian railways. The mileag of
the Indian lines now exceeds that OF any
country in Asia, and is surpassed by
only four other countries of the whole
$4,000 miles and it has doubled within,
the past twenty years: India has com
paTatively far more railways than Rus
STA 1t has one mile to every sixty
square miles of country and to every
l1ODo people, Russia has only one mile
TO every $50 square miles and to every
;:.4bo people.
The railways here are we'll built and
economically managed. rwn-thirds "f
the lines have been constructed by the
government and of the balance more than
800 miles We're bull; by the native
states. ] do not know the exact cost III
construction per mile but altogether the
roads have cost more than 81 100000 GHo.
which is low in cornpa risOn with those o.
the United States.
Most of the Indian railways are pay
ing dividends. Their gross earnings
are fast approxirnating s200,0O0.000 d
YEAR. and the traffic is steadily increas-
ing both as to passengers and freight.
The passengers annually carried now
number more than 300 200 and the
freight amounts to something like g..
100000 tons. These figures are Sma II
in compa rSon with those of our rail
ways, but it must he remembered that
we have more than seven times the
mileage of India and that our capita l.
liza ton is more than thirteen times
the cost of the Indian roads. Our rail-
way mileage approximates 100000. ouI
Evening star. [volume] (Washington, D.C.) 1854-1972, 1910-05-29

Since the beginning of the year nearly
900 new rubber companies have been
Goatcd their combined capitals agsre-
eating something like sio0o0o.o0o Each
DAYS see n new rubber company added
to- tho list--Sometimes three or four.
Promoters have only to assert that their
lands in some -ofthe-waS corner of
Evening star. [volume] (Washington, D.C.) 1854-1972, 1910-05-29

goes in advance through the gates, and
when we reach the cars we find that
the best seats are covered with our
pillows and bedding. Every one car
while travelling. The cars have leather
covered benches. and the passengers
make their own beds. As rule the
women have cars to themselves. so that
the men can undress and put on
their pajamas as nightfall comes on.
In the morning the servants roll up
the comforts and rugs and pack them
away under the seat or on the racks
overhead.
The Indian cars are comfortable
times they are abominabie. They are
made on the English plan, about two
thirds the length of our cars and
:ittle bit wider. Each car is divided
into compartments which iook more
like long boxes than anything else.
The passengers sit on leather cushions
facing each other, with glass windows
and glass doors at each SIDE. On some
of the cars there are lavatorles. ana
on others none Within the past year
the railway board has taken up the
question OF adopting new cars. and the
Central India road has now coaches
somewhat like ours. Its cars have cor
ridors running along one side OF them
from end 10 end Into the corridors
open two berth compartments which
are fitted with electric fans, electric
lights and bells There are servants
compartments connected with the cars.
At each end OF the coach Is a bathroom
with q big tub sunk in the floor. ana
one can have a wash while he goes
living over the country at twenty-five
miles an hour
T say twenty five miles. That is rather
fast for India. Many of the trains do
rot make twenty miles and some not
over fifteen per hour, while tast
express now and then covers thirty
or So Everything here is run after
oriental methods, which means that to-
morrow or the day after VIII do as
we'll as today.
IL is Interesting to watch the ira nc
on these Indian trains. You now ana
then pass freight car filed with
camels. You may see tigers in cages
or baby elephants and carloads OF
ponies There are stock trains filled
with the sacred bumped cattle and on
the passenger trains special arrange
ments for dogs. The dog rate is ! :
cents for every fifty miles of travel
No dogs can be taken into the cars
Evening star. [volume] (Washington, D.C.) 1854-1972, 1910-05-29

lamentations and excavations. But the
day of reckoning has not set come Every
investor and Spectator is buoyed mp by
the hope that he will land among the
heavy winners. And so the mad gamble
continues merrily. Everything goes
Evening star. [volume] (Washington, D.C.) 1854-1972, 1910-05-29
II4 IU1DERND a1--@ -"
NEw5BoY ,>lr-
THIS GUIDE, Is ONE, Or The foRTY 'IhlEVES

dominates that in this light it seems
ghostlike and CHASTITY.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1910-05-29

notes have been given. The notes have
a market value. and are bought aad sold
on the exchange Mr.. Robertson tells
me that the railways ought to pay at
least five per cent per annum. During
certain years they have paid almost six
and their receipts are steadily increaS-
ing.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1910-05-29
CALCUTTA
always % In

Copyright, 1910, by Frank q. Carpenter
cAIcI-T'TA
Evening star. [volume] (Washington, D.C.) 1854-1972, 1910-05-29

capitals is: over $1S.000.0 100000 and our
net railroad earnings are more than
$500 mo.0t0 per annum.
The Barre daily times. (Barre, Vt.) 1897-1959, 1910-02-05
How They CO.. out.

Uncle Ephraim bad two hogs. which
hc kept n d pen at the rear end 81 his
little lot They were Of the razor.
back" variety and, although they were
fed bountifully with kitchen waste. II
seemed impossible to put any fat on
their attenuated frames. one morning
when be went out to feed them they
were not there. They bad disappear
ed, leaving no clew to the manner ii
which they had made their escape.
Whats the matter. Uncle EphT'
inquired a neighbor, noticing the deep
detection with which the old man was
looking down into the empty pen.
MY hawgs is done gone. sah,g be
answered
'gtolen2"
mo, sab; / don't see no signs dat
anybody tuck em"
did they climb out over the topga
mo; der couldn't a. done dat.
How do you think they got away p
Well sah,H said Uncle Ephraim,
my pinion is dat dem hawgs kind
O. raised deirselves up on aidge an
orope through crack Youths Com
panion.
The Barre daily times. (Barre, Vt.) 1897-1959, 1910-02-05

ssaes Of Siianeo.H Bible school &c n IA.
I G. r. meeting al Evening worship ST
/ Z with message subject, SIT. Gaunel-
To-day. Lords upper AZ The close 81
evening meeting. Other meetings All
nouncsd Sunday.
Hedding Methodist Episcopal Church,
Rev Edward @ Thuyef pastor Morning
worship at 1880; talk to children 90
bigger Than The Circus SERMON topic.
Converted Christians" Bible school st
Il. Junior leagues az $3.50. All inter-
ested viii notice change Of time. Even
ing worship at Z subject Of sermon,
"6od Seeking Men,
Christian Science Church. Service al
l0s45 a. nj; subject. Israel golden
text. And Sc shall know that / am ia
the midst of Israel, and that I am the
Lord vour Cod. And Il shall come to
pass afterwsrd that 7 viii pour out ms
spirit upon all leshH Joel 2:2T, 2s
Wednesday evening meeting at 1870
To these services al ara welcome. The
reading room Is open Tuesday and Fri
day from 20 4 p. IN. summer street.
Congregational Church Rev. George
VI Winch, preacher Morning service
at 1890; subject A Complete Saliva.
tionH Sunday school at r. Everybody
wanted IN the Sunday school and You
are cordially invited to an the services
Of this church. See calendar in pews.
". n S. @. p special service at 5:45
Ia the parior Evening service at
o'clock; subject, Weighed in the Bal.
anoesR Az the morning service 4 letter
will be read from Rev John W Barnett,
PHI ID. 81 Narblehead Mass, relative
to the call Of the Church to be the pas
tor.