davidaulloa/AmericanStories huggingface dataset:
The Washington times., 1910-10-17
The Business Doctor
By Roe Fulkerson

ness and bear no interest. and their so1a
value consists in the probability Of the
institution issuing them making profits
Hence, for speculative purposes stocks
are better than bonds, and Tor invest
ment purposes bonds are infinitely sl-
periOr-
The next investment is. os course
aIsestate.
In almost any growing cit,y fmnrove5
real estate viii pay or 10 per cent on
the investment. but it has the handicap
or not leaving the investment available
AT short notice The only time the aver
age business man needs his money is
when times are hard. panics prevaiIin-
or business dropping below the usual
volume. and at times like this, real
estate is dead thing on the market
so. summing the proposition I'D, Il
amounts TO about this. IF you want 70
speculate TO take a gambling chance,
invest in stocks II you have money
that there IS no possibility OF your need
ing, and want an. investment that viii
pay you well, put IT into improved real
estate If you are looking for some
thing with the maximum OF safety
which may be showed over the counter
OF bank at any time as a security for
a loan, buy bonds
Every bond, 70 be secure should bs
based on a first mortgage or a good
second mortgage on the property OF
the Institution issuing II. If IL is a
mortgage on land. then the value OF
the land should be at least one-thfrd
greater than the sum OF the bonds is
sued; II Il is on improved property.
these improvements should be income
producing, rented at a fair rental TO
reliable tenants.
Never invest money you cannot
spare-that you are not willing 20
take a gambling chance with. and
where its safety depends on the good
viii Of a business. on a patent that
may be pirated or improved, or in the
stock Of any industry that is a luxury.
liable 10 be dispensed with in hard
times. or subject TO changes in STYLES.
Last Of all. when you contemplate
an investment Of any sort, take II 70
the president or cashier Of your bank
and ask his opinion Of il, for il Is his
business TO handle and investigate
securities, and he is an expert in them
just as you are expert in your own
business
IN all invesl ment of all kinds. the
security is inversely proportiOnate 10
the profit The big bonanza stock is
less liable to be good than the small
dividend Industrial Great risks in
vartshly accompany great profits"
The Washington times., 1910-10-17

"TELL YOU about stocks, bonds. and
Investments in general The
Business Doctor grinned-
If you can take a couple Of years
on from your work and start to school
with me, I can give you some little
Idea Of the subject in that time, Not
any less Millions Cf pages have been
written on the subject, and millions OF
dollars lost following the suggestions
Of NOSE pages
Il know what the object Of your ques-
ton was. however, and viii Try to tell
you the fundamentals
You are looking for an investment
for some surplus cash. Now as to the
stock and bond question. let me Illus
trate in words Of two syIlables. II ]
bought a piece OF business property on
the opposite side OF the street and bor-
rowed some money Of you, giving you
deed Of trust on the building as Sc
curity, you would be sure Of your
money, no matter how much or how
little 1 made in the business 7 opened
there. You would get your money when
your note came due and you would get
your interest. but even II I made a for
tune you would get no more than Just
your money and your interest.
IF, instead Of lOaning me money
with the property as security, you In
vested money In the business, you be-
come partner In the store. and II !
make a big success any year. I would
declare a dividend and you would get
your prOportiOnate share If, on the
contrary, the business proved a failure
and the creditors forced me into bank
ruptcy, you would not only make no
profit, but you would lose your invest
ment as well
This is exactly the difference between
bonds and stocks Bonds are ordinarily
secured by a deed OF trust on the actual
property Of the corporation or establish
ment issuing them. They bear from 20
per cent interest, but have no partiCi-
patton in the profits OF the concern.
Stocks are issued to people who wish
to participate in the profits Of busi-
The Washington times., 1910-10-17

manipulate the convention and nomi-
nate candidate who will stand
hitched.
Right here, also, we have an excel
lent illustration of the methods by
which the corrupt political machine,
Republican or Democratic, in the
North, South, East, OF West, gets what
it wants. When the Virginia State
committee discovered it would have to
call a new primary in Difference to pub
lie demand. it set about to yield as
little as possible. The result was the
calling Of a primary for the selection
of delegates, not for voting direct on
candidates for the nomination. With
four candidates in the field, the ma
chine fgi-ed no one man would have a
majority in the conven ion, and that
by political log-rollirg it could nomi-
nate the candidate most friendly to it.,
or, if necessary, could sGP in a dark
horse.
The machine acted wisely Hollands
popular vote was nearly 1000. The
combined vote of the other three can
didates was about the same, but Hol
land needs half a dozen votes to
control the convention, just as the ma
chine politicians expected he would,
and he may be euchered out of the
The series of articles on the revolt
of Virginia against the domination of
the Martin machine, written by Theo-
dore H. Tiller, political staff CORE
spondent of The Times, throw light on
some highly intere ting conditions, and
explain much about Virginia that has
hitherto been a political mystery r
the rest of the country They show
the heavy ODDS under which Senator
Holland and the Norfolk insurgents are
fighting After reading them one is
not surprised that Holland is in danger
of being beaten in spite of the revela-
tions concerning the machines prac-
tices in the Second district. For in
stance, Mr.. Tiller writes:
The machine hss been well oiled
and in perfect running order for the
past twelve years The fabrication
has been supplied, in large measure.
by the fee system in Norfolk county,
particularly. Here city and county
officers receive no salaries. They
want none. On the fee basis the
average official receives il cna year
more than salarieC officials Of other
cities will earn in four and five. It's
a sorry city job that doesn't pay
more than $4,000.
James A. Trehy is the Democratic
ruler of the city Of Norfolk. Alvah
Martin. Republican, IS the leader in
the county. Trehy and Martin, IL IS
have had a working
agreement for some years. Trehy pre-
sides over the destinies of city poll
tics. and Martin doesn't interfere.
Martin controls the county patron
age, and Trehy doesn't interfere
The Norfolk city arrangement. how
ever, is but a cog in the big machine
that elects members OF the Legisla-
tUre. governors, and members of Con-
gress throughout the state.
1t is easy to see that the "young citi-
zeus" have a job on their hands when
they start in to break up this kind of
a combination. Tt has been broken
elsewhere, however, and can be broken
in the Old Dominion.
The Washington times., 1910-10-17
Amusements Tonight.

Belasco-'The Summer Widowers," SEQ
NationaI-"Arsene Lupin." Sis.
Columbia-"The Third Degree" Sis.
Chase's-PoIite Vaudeville, S:I5.
Academy-''The Man OF the Hour" sI6
Gayety-The New Jersey Lilies. Sis.
Lyceum-The Warrington Society Girls
Sis.
Arcade-Dancing and motion pictures.
CasinO-Naudeville and motion pictures
CosmOs-Vaudeville and motion pictures
e-Grand-Vaudeville and motion
picsur
ajestic-Vaudevile and motion pic
lures.
Masonic Auditorium-MOtiOn pictures.
Georgetown Open Air Theater-Motion
pictures.
Alhambra( (Theater-1MOtion pictures.
The Washington times., 1910-10-17
Deadlock
Predicted.

The feeling vas so bitter between del
egates and candidates that il was freely
predicted that the convention would be
hopelessly deadlocked- As an indica-
ton Of the uneasiness felt by the re-
spective candidates over the result. a
fun list OF the delegates 20 the con-
venuon was not announced in advance,
as is customary. Not until the COnven-
ton met was the complete lineup
known, thus minimizing the possibility
Of trading"
In one sense OF the word, Joseph r.
Deal. independent, held the balance Of
power. provided he wished 10 Il row
his strength 10 Holland at the s art.
This however, the wise ones say. would
mean the obliteration Of Deal as a
future political factor IN Norfolk. Deal.
who is a retired lumber merchant. has
political aspirations The Norfolk city
machine supported William A Young.
who received a majority OF I5 over May
nand In the primary OF August 3. but
lost the nomination when>lhe pramarv
was declared void because OF the frauds
disclosed in the Young and Maynard
strongholds.
The Washington times., 1910-10-17
Grand Jury Investigating
Frauds at Primary Last
August.
PROXIES AND DEAD
/ MEN WERE VOTED
Fee System Secret of Senator's
Power IN the
State.

ballots now being played. and II the
state machine is ever overthrow. re-
sponsibility for that event may be
traced back 70 the Second Congressional
district.
On August 3 the regular Democratic
primary was held William A Young,
a Norfolk city politician, now IN the
contracting business, opposed Repre-
sentative Harry Maynard, known in
Washington as "Glad-hand Earry-"
Young was elected 10 the Fifty-hfth
and l-Ifty-sixth Congresses After serv-
ing almost the entire term on both oc-
casions. Young was Unseated by the
Republicans, on contest brought by
his Republican rival
Apparently he came back August ..
lie carried the district by a majority
OF s5 over Maynard. thus retiring that
hitherto unbeatable young legislator.
Maynard, who lives in Portsmouth,
alleged frauds a. the Second precinct
IN Norfolk Young stronghold Mere
men had voted than We're registered.
I said Maynard Then Young, who had
the backing OF the Norfolk city ma
cllne-James Trehy and his dependable
rkers-began 20 look aszance to
ward Portsmouth The result was an
Investigation by a subcommittee Of the
state central committee.
The Washington times., 1910-10-17
What's on the Program, in
Washington

Meeting Of the TakOma Park Citizens
Association, at Takoma Hall, Takoma
Park, 7:3C D. m.
Meeting OF the Georgetown Citizens AS
sociatiOn, at the Potomac Savings
Bank Hall, Wiscon sin avenue and NJ
street northwest, s .. m.
Meeting OF the Riverdale Republican
CLUB, Calvert Mansion, Riverdale, Nd,
D. m.
Donation day at the Masonic and
Eastern Star Home.
Band concert at Fort Meyer, Va, 4 D.
m-,,U. 5. Cavalry Band.
The Washington times., 1910-10-17

welded a decada or more ago. passing
comment is due as 10 the foundation
on which II securely rests today
Jne fee system, which prevails
throughout the Old Dominion. is the
bedrock OF the Virginia State machine
The men behind the fees are virtually
impregnable. They always viii be.
unless the present revolt, which is in
but an inctpient stage. grows strong
enough TO overthrow IL
How the Fee
System Works.
Here's the way il works in the Sec
ond Congressional district, where the
feeling Of revolt Is now most evident
The Office Of clerk OF the Norfolk
county courts pays, IN fees, about
$4,000 a year. AIvah II. Martin is
clerk. He is a Republican.
Samuel Lyons, Alvah MARTINS
The fees OF this office approximate
about $1,000 annually. Lyons. tco, is
a Republican.
"Timmy" ITCHY, political boss Of
Norfolk city, Democrat. holds th-
position Of clerk Of the corporation
courts The fees Of this office net from
Sl2,000 20 SI5,O00 a year.
John +. Lawler. city sheriff, Demo
Crat. holds a fat job netting some Sl5.olG
to $lS,00U d year.
A Q. Cromwell, Democrat. Norfolk
county sheriff. is proud Of an office tra-
is said 10 bring IN from $4,000 10 $1J,p0l
"A year He is one Of the fusion leaders
Of the county.
The commissioners Of revenue. socle
Democratic and some Republican. Un-
der the working agreement, average
about $500 each in fees
The Washington times., 1910-10-17
Gross Frauds
Disclosed

True, gross frauds were disclosed IN
the courthouse precinct al Norfolk.
True. too, even greater frauds wsrs
found 10 nave been practiced al Pcrte.
mouth. where Maynard was strongest
The candidates themselves denied any
completely. but nobody could get around
this fact.
That dead men, nOn-residents. and
proxies had been voted in Norfolk ana
Portsmouth Dozens Cf men who were
alleged 20 have voted were called BE-
fore the committee They testified that
they hadn't been near the potts. Man
ifesrly, Il was impossible 70 summon he
voting dead. but the names OF men
who have been beneath the sod for
many d year were in the stuffed ballot
boxes.
There was the greatest indignation.
a Norfolk citizens committee was
formed Senator Thomas Martin an
peared at mass meeting Of some 1 so
citizens When ne attempted 70 moIl{fv
The protesting voters he was Kissed
back TO his seat
Machine politics was blamed for
the whole diSsracefUI affair. Martin
IS an asrUte politician He felt ths
public pulse. and found il beatfn :
leTe-lSllE- This was the time for
pacifCaIi0n II there 2. - was one.
w hat had We best DO -DOUt itE'' Sena-
tor Martin IS known 70 have asked
some OF MS advisers at Richmond.
Have the entire primary thrown
out and start over again is repured
10 nave been the advice given.
The Washington times., 1910-10-17
BATTLE IS ON AT SUFFOLK TO SELECT
DEMOCRATIC CANDIDATE FOR CONGRESS
Democratic Fight in Second Virginia Con-
greSSional District

party put Senator Martins machine
Convention select candidate for
Congress.
Neither of four Saturdays primary obtained
the necessary majority O fOr nomination
Second required following
the balotng proxies voted
Representative hopelessy denomination but
holds the balance power.
The Washington times., 1910-10-17
Pay In Fees
SI,Ooo,oOo a Year.

II is estimated that the taxpayers OF
Virginia pay more than million dollars
annually in fees. II tho Offices were
pIaced on a salary basis the expense
might be Onc-third-
Sud this Is the result. according 10 a
politician who talked IN confidence OF
The state machine
The poEuctal who draws slcE I'M
,,sDso s,7rDs under the fee system Is in
posftion TO control votes Many OF the
voters are apathetic. for/there Is VIZ
tuaUv but the one party iu Virginia.
The careless voters viii not pay poll
The oficeholder Is glad TO pay that poll
tax in order 10 have a vote aNaIaoIe
when needed. Logical conclusion:
The machine can deliver the votes
whenever thew are needed. The man in
Office remains in office After the poll
taxes are p2id, the fees are sufficient
10 keen the 'maChiuists" from starving
The Washington times., 1910-10-17

Persons returning to the city
may obtain prompt and BntisfHe-
tory delivery Of The Washington
Times TO their homes or Offices
by notifying this office either by
mall or telephone. The Times
SSiIl be delivered at the rate of 80
cents n month or cents n week.
Telephone Circulation Depart
Inent, Main $3.50.
The Washington times., 1910-10-17
Some Other
Fat Berths.

There are a few other city offices in
Norfolk which pay fairly remuneratIye
sums, uRder the high local standard
These include the city treasuryship, a
$4,000 job. and the city collcctorship.
which has tc struggle along with fees
Of only $500 20 $500
An Office in Norfolk which doesn' z
yield at least $3.50 In fees Is considered
hardly worth while. From this sum the
paw runs UP 10 that OF the kinE-pin job
held by Alvah Martin. and $4,000 Is cOu-
sidered q conservative estimate" Of nc
yearly stipend received by AlNah r.
Martin is Republican national COM
uitteernan from Virginia He has been
county clerk, however, for some thirty
wears.
The workings Of the fee system IN
Norfolk are merely taken as an example
because OF the current revolt there A
fee system prevails likewise In Rlc1-
mond. Portsmouth, DanVille, and other
smaller towns through the state. the
fees in proportion 10 those at No-Tolk
depending largely upon population and
property valuation
The Washington times., 1910-10-17
Primary Promptly
Declared Void.

The state central committee. which
IS also alleSed 10 be under the dorni-
nation OF Senator Martin. promptly
declared void the primary Of August
-3. and ordered another one. May
uard and Young once more announced
their candidates. SO did T. r. HoI-
land and Joseph Deal who were
called independent
The Washington times., 1910-10-17
Voting Ghosts
Chief Actors

The inspiration or the feeling Of revolt
now spreading throughout the State
makes a story unique In the political
history Of this State Voting ghosts
are the principal actors in the drama OF
The Washington times., 1910-10-17
Excursions.

Steamer Charles Macalester leaves Sew
eIth street wharf at 10 and 2:30 o'clock
for Mt. Vernon.
Old Point Comfort and Norfolk steamer
leaves Seventh street wharf, Gas
o'clock
The Washington times., 1910-10-17
Gently granted?

Before shifting contemptuOusly at the
hobble skirt our grandmothers should
have a look at their daguerreotypes
taken at about the time Of the hoop
skirt crs ze-
The Washington times., 1910-10-17
Sunday.

The number OF complete and perfect copies
q The Washington Times printed Sundays
lows
september A. 45.T4SI September IL 46.97i
september H. 1855 September Is. 4S.S1S
zotal Tor the month. SCI
sunday average for the month. h......... 46 55S
me net total circulation OF The Washington
Iimes Sunday during the month of Sep
IenDer was 1896, all copies lett over
ano returned by agents being eliminated.
ms number, when divided by {, the number
oi sundays during September. shows the net
sunday average tor September TO have been
a. .826.
IN each issue OF The Times the circulation
nGSTes for the previous day are plainly
PI!Ated az the head of the hrst page az the
left Of the date line
Entered at the PostozIce at Washington
D c. as second class matter.
The Washington times., 1910-10-17
At Pilot Wheel
Ever Since.

When Martin entered the Senate IN
1895 he had but to gather I'D the rem
nants of the old Barbour machine and
place himself at the pilot wheel. He
mas been there ever since. The organi-
zation bat needed solidifying anew. In
der the fee and patronage system every
politician knew his respective role IN
til the revolt at Norfolk everything had
worked with clOck-like precision AS
chief machinist' Senator Martin really
has had but little TO do.
He exercised rather a general super
vision over the organization. taking care
10 see that the complexion Of the Legis-
leture which named q Senator every six
The Washington times., 1910-10-17
SEPTEMBER CIRCULATION.
Daily.

The net total circulation OF The washing
Zines tuailye during the month Of Sep
teInDer was .107. all copies left over
hnd returned being eliminated This number.
when divided by 2s the number Of days OF
Puolication, shows the net daily average for
september to have been 80. .Z35.
The Washington times., 1910-10-17

If Beveridge is really anxious for a
big vote ne should line up the Society
Of Hoosier Poets and NOvelists. 1t
would be nearly unanimous then.
The Washington times., 1910-10-17
City Machine
For Young.

Deal went into the convention we'll
aware that II he threw his seven votes
10 Young IL would please the Norfolk
city organization. Holland, although he
received a good vote IN Norfolk, did not
have the support OF the city machine.
and a coalition between Deal and Hol-
land probably would mean the death
kneh politically OF the former.
Harry Maynard. the machine csndi-
date Of formed days. badly beaten in
the present contest, can likewise throw
his strength or a port OF il 10 Holland
and nominate him. On the other hand,
II Young can get the II Maynard votes
and van win over fro mthe Deal forces
he Will be named
The Washington times., 1910-10-17

IF we could only collect all the guns
that weren't supposed to be loaded and
send them down 10 Panama the canal
fortificatiOn question would be settled
The Washington times., 1910-10-17

tin adherentS.
Former GOV. J. HoSe Tyler opuosed
Martin when he appeared for re-elec-
tiOn The first time. Governor Ty-Ier
%2sn'u IN the running Former Gov
AndreW Montague WIS his oDponent
IN 1870. Martin had a majority OF some
l3.0pn votes out Of total Of 5000 and
me Leg stature again named Martin for
HE term DE is now serving
Independents
Favor Jones.
Those who have enlisted in the anti
machine cause want Representative
William a. Jones, Of the FIRST district.
10 oppose Martin in 1872 Jones is de
clarcd 10 be the only real independent
IN the Virginia DemDZratic delegation.
The State machine, it appears, has
never been especially strong in Jones
district and the Newport News repre-
sentative has hewn his own timber. ATr
Jones has been a member Of the House
since 1880
Representative Harry Maynard. who
was hopelessiv defeated IN Fridays
PRIMARY, has had the support Of the or
Nahlzalon heretofore He probably
sounded his political death I1neU when
ne espoused the cause Of Henry ST
george Tucker, who ran for governor
last year against Mann. Governor Mann
had the support OF the Martin ma
chine Harry Naynard's opposition 10
Mann was tie hnal break between May
nard and the organization There Ha..
Ieeh @racual arrangement, although
the machine is alleged 70 have sent
Maynard 10 Congress five successive
terms
The Washington times., 1910-10-17
State Machine
25 Years Old

Although the outside world has heard
bu, little OF 81, there has been a State
1yolitical machine IN Virginia for thC
past quarter Of a century. Senator
Thomas 5. Martin has merely replaced
some Of the parts Of the mechanism
once controlled by Senator John 5
Barbour.
When Senator Barbour died In the
early nineties. Thomas Staples Martin
now Senator and a power in Virginia
was a struggling young lawyer OF
Albemarle county. He was a So-callec
Barbour lieutenant, however. and De had
begun TO learn politics. In addition
LAWYER Martin had evidenced ability In
his chosen profession and was lOCa
attorney for the Chesapeake and OniC
railway. Barbour at one time, WAS at
toruey for the Virginia Midland now
known as q part OF the Southern rall-
way system.
Epper HuntOn was appointed TO fi4l the
unexpired term of senator Barbour
Without ever having sought for political
office, Thomas $. Martin announced him
self as candidate for the long term,
beginning March 4. 1885. His opponent
was Fitzhugh Lee, called the idol OF
Virginia
The Washington times., 1910-10-17

The handwriting on the Indiana wall
seems to be "A. J. B.-O. K.-T. r.
The Washington times., 1910-10-17
Defeated
The Populists-

At that time the POpulists were about
TO gain control Of Virginia They had
Just elected a governor in North Caro-
lima and the Virginia PopuIist candidate
for governor, Cooke, was making a hard
race against Representative O'FarrelI,
the Democratic standard bearer.
The railroad interests. particularly.
were opposed 10 POpulistiC domination.
The Democrats won. When the smoke
of the battle was over II was found that
ThoT1as :. Martin had been elected
United States Senator over the Virginia
idol" Lee. It was charged at the
time that railroad interests sided Mar
tin and there was a mighty hullabalOO
over the state. but Martin held the
seat.
who is this fellow Martini asked
more than one Virginian-
Hes some young attorney down there
IN Albemarle county. Never heard much
Of him before" was the reply.
The Washington times., 1910-10-17
The Machine
Within d Machine.

Senator Martin, Democrat, and Alvah
H Martin, Republican. are not related.
That, however, is bCt an incident when
one considers the fact that the State
of Virginia, the Second Congressional
district, and the cities OF Norfolk and
Portsmouth are much Martinized. Then
there is the machine within a ma
chine-the Norfolk city Democratic
organization, ruled by Jimmy; Trehy,
James r. Prince ana John +. E.awler
with the tacit understanding that Al
yah Martin Is to have certain patron
age. Trehy other patronage. ard that
Senator Martin is to be the guiding
star of the entire outfit.
Before detailing how the machine was