davidaulloa/AmericanStories huggingface dataset:
The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1911-04-24
AT the Theatres

Daphne Pollard was missed at the
Lois theatre yesterday. But the
popular stock company neyertho
less gave splendid explanation TO
the Oft recurring question. why
Smith Left Home"
II there hadn't been n suspicious
aunt. Smith would have smoothed
that unfortunate kiss he gave to his
housemaid without too much ado
But then. that would have been
bad for the comedy plot.
So the author helps Smith get
into enough tangles 10 keep the
audience roaring all the time And
The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1911-04-24
AUTOS HIT

Mrs. G. Hogle. 1925 3lst av. s..
was bruised about the body yester-
day when her car was crashed into
by the automobile Of W. w. Won
Bleck, 23l3 f. Ward St. in Mount
Baker park Won Bleck was trying
to pass another car. apparently not
seeing Mrs. Hogle's
The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1911-04-24

Although L. w. Hebb's offer OF
a site on the White river for a
power station expired Saturday. IL
will be held open, Il is believed. for
some time.
The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1911-04-24
fIltRS BIG SALE NOT A
ONE-SIDED PROPOSITION
ON THE OTHER HAND, BIG BUSINESS GET
TING CAMPAIGN-ONE IN WHICH EVERY
INTENDING BUYER CAN TAKE PART
WITH MUTUAL BENEFIT.

Beautiful knbalis Testers oeekers sohmers
Own Make the Eiers and Practically Line
Glorious Chickering's All Reduced TO Swell April
Order That Local Store May Privilege Awarding Mag
nifieent Prizes In seattle-Fui Details Follow
The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1911-04-24

this helps Roy Clements and Viz.
giuia Thornton. and also Miss Wal
colt as the cook lady" 20 show
that they can comodlato with en-
tire satisfaction.
The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1911-04-24

Auction sale OF unclaimed ex-
press packages by Northern Ex-
press Company. at 1914 First av-.
commencing Tuesday morning.
April 25th, 1911. '''
The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1911-04-24
SEATTLE MAN
HELPS WITH IS

BROCKTON. Mass. April 4
"a Roy Baker. the i6-yeRr- 4
old youth. struggling for the 4
pardon OF his mother in Sher- ,
born prison. al the same time 4
providing for his three young ,
sisters. was 10 day presented =,
with 81 by Judge Warren a. 4
Reed The money came from I
u. r. Fleming OF Seattle. A +,
pardon Is expected 10 be 4
granted by Gov. Foss. ,
- - 4 4 4 4
The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1911-04-24

unoccupied. the new sec. 900
home OF Frank H. Brownell. 1887
Harvard av. n. was damaged t25.
600 last night by fire. which orr.
ginated IN the basement
The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1911-04-24

about one hour OF perfectly good
time discussing ham sandwiches.
ain pickles. lemon pie and politics.
The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1911-04-24
AT THE THEATRES

AT TIE THEN HES
Moore Marie Dressler In I
: Titles Nightmare"
: Grand Dark. ,
! Seattle ~ Landers Stevens 3,
company In Lion and the +,
I Mouse" i,
: Lois - why Smith Left +,
! Home" I
+ Star-"Two Thieves"
: Alhambra - The Absent ,
+ Boy" q,
: Orpheum-New Vaudeville. q,
/ maiestie-New Vaudeville. q,
/ Pantsaes--Now Vaudeville.
The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1911-04-24
Words by SChaefer
Music by Condo


In the spring the
pussy willows
gro ~ along
the river
Drinks,
In the sprIng tho
b rB an q
drug stores
mix Us up
new, fancy
drinks;
In the spring the
fro gs are
eToaklng In
the pools and
In our threats,
In the spring the
young mems
fancy turns
unto their
ne " rain
coats.
The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1911-04-24

|lplre!

President Of
a writes an
fter OF ex.
b.
Frances o.,
p week in
n seems To
{ning him.
I and IN.
ague nm.
Lhe is the
no aa..
JACK Tlghe
! and Kane
OF every
/ continues
20 attempt
Ehcation o.
koN
| went ~
tne yester
- the vic
! battle oN
Mas
ayed tina
park yea
boxing on.
! OF 5 toA
The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1911-04-24

TmE GOLDEN non
The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1911-06-14
STATE ENCAMPM ENT.

Oklahoma City, June 13.-The mat
ter of the next annual encampment
of the state militia has been referred
to Governor Cruce with the recon-
mendation that the encampment be
held in Oklahoma City during the fair
this fall. This action was taken at
meeting of the military board here.
II Governor Cruce gives it his ap-
proval it is likely that arrangements
viii be made at once for holding the
encampment here. If it should be de-
cided to hold it at another place II
Is possible it will 90 to Chandler.
II was decided at the meeting Of
the board to continue the signal corps.
II has been suggested before that the
corps be mustered out and abandoned.
The new military code for the govern
ing OF the militia vas also codifed
and revised, and as soon as approved
by the governor will become the reg
ular code for the state militia.
The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1911-06-14

graduated. He has given the seniors
additional time to think over the
step and a final decision is expected
shortly.
The students are taking the stand
against participating in the gradu-
ating exercises with man with a
trace of African blood. Albert Will
kerson, whose father is a postoffice
clerk, and who entered the college
three years ago. 1t was known at
the time he entered that he had
some negro blood in his veins. though
barely a trace.
Brother Justin said the students
should have made their protest
against WillIerson when he entered
or at the first of this year at the
latest
The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1911-06-14
Race Trouble in College.

st. Louis, Mo-, June 13.-Nincent
Perry, Richard Hawk, Michael Tier
ney of ST. Louis: William O'Herin
Of Texas, John j. Connerton OF
Kentucky, and James Hubbard OF
Versailles. Mo, the SIX members of
the senior class at Christian Broth.
ers college who have announced they
would not accept diplomas from the
institution if Albert Wilkerson, a
negro, is graduated, are standing pat
Brother Justin, president of the in
stitution, declares the negro will be
The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1911-06-14
BACKS FLIGHT
ACROSS OCEAN
MILLIONAIRE WILL SPEND $50 600
IN ATTEMPT TO FLY ACROSS
ATLANTIC.

Akron, Ohio, June 13-Frank A.
Seiberling, millionaire manufacturer
and president of the Akron Chamber
OF Commerce, will bear the entire cost.
estimated at $ljO,0OO, of a new at
tempt to cross the Atlantic this fall
in a giant drigible balloon.
This was the announcement made
by Marvin Vaniman, who was Walter
Wellman's engineer in the attempt
made last year, before he sailed on
the Lusitania from Liverpool for New
York today. The statement was con
iirmcd by Mr.. Seiberling, who is pres
ident OF the Goodyear Tire and Rub
Der company
Vaniman has been in Paris for the
last three weeks obtaining scientific
apparatus for use in connection with
the attempt according to dispatches,
he said.
The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1911-06-14
The Social Realm
go About Your Business"

The old Temple clock in London
bears a curious inscription. the ori-
gin of which is ascribed 10 a chance
remark.
Some two hundred years or so ago
a master workman was employed 70
renear and put in a new face upon
the clock. When his work was nearly
done he asked the benchCrs for an
appropriate motto to carve upon the
base They promised to think of one.
Week after week he came for their
decision. but was put off. one day
he found them at dinner in com
mons.
What motto shall | put on the
cock, your lordship?' he asked of
a learned judge.
"Oh, go about your business
his Honor cried, angrily.
And very suitable Tor lazy,
dawdling gang" the clock-ma&er is
said to have mur'""0l, as he retreat
ed. It is certain that he carved, 60
about your business on the base.
The lawyers decided that no bet
ter warning could be given them at
any hour of the day, and there the
Inscription still remains.
The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1911-06-14

Macdonald, on the Tiba, defeated
with tremendous loss by Suwarrow.
lS0O-Battle of Marengo Napole-
on's campaignsJ
lSji-Thc Meriimac Of civil wa?
fame, was launched at Charlestown
navy yard.
\ great fire occurred at Worces-
ter, Mass, destroying property val
ued at a half million dollars and
throwing thousand mechanics ont
of work.
1S63-Battle of Winchester. 1000
federal troops under Gen. Milroy de
feated by three Confederate divi-
sionS under General EweIl and fore
ed to retreat with heavy loss.
1S9S-United States Marines take
a Spanish camp at Guantanamo har-
Dor.
1902 Bethlehem, Pa. steel plant
bought by the United States Ship
building Company.
1903-IIepner, Ore, almost entire
ly destroyed by a cloudburst
Sir Thomas LiptOn's Shamrock aad
Shamrock I, arrive at New York.
190i-Battle OF Te-lisau Russo
japanese war; between $4,000 Rus
SLAMS under Baron de Stakelberg and
about 40 900 japanese under Gen.
Olu.
1sl0-Governor Gillette of Califor
MIA announced would issue decision
regarding Jefries-Johnson fight very
soon. The following day he officially
prohibited the bout from being held
in California.
The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1911-06-14
A Dreadful Wound

from a knife, gun, tin can, rusty nail
fireworks, or of any other nature de-
mands prompt treatment with Buck.
lens Arnica Salve to prevent blood
poison or gangrene IT'S the quickest,
surest healer for all such wounds as
also for Burns, Boils. Sores, Skin
Eruptions, Eczema, Chapped Hands,
Corns or Piles. % cents Ringer Drug
Co
The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1911-06-14

There is one medicine that every
family should be provided with and es-
pecially during the summer months;
viz, Chamberlain's Collie, Cholera and
Dlarrhoea Remedy. 1t is almost GER
tain to be needed. 1t costs but quar-.
ter. Can you afford to be without =?
For sale by all dealers.
The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1911-06-14
e e e CURES ALL
9.Ss0. SKIN DISEASES

Health in its magnifcence appeals to everyone, and
especially this OF clear skin free from erupons
and disease We instinctvey realize that back OF this
desirable condition pure rich blood is flowing through
system, furnishing nutriment to all the tissues.
This perfect condition of the skin exists as long
the blood is normal but when becomes contaminated
With humors and acids its suppl OF nutritye properties
is greatly lcssened and it becomes sharp acrid fluid
which diseases instead c preserving tie natural health
and texture of the skin. Then Skin Diseases the
character of the eruption depending upon the nature of
L. L, L 80 -. ~, ic
The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1911-06-14
A Cash Offer

The Weekly ArdmoreIte has made
a special clubbing rate with The Mem
phis Weekly Commerciar Appeal by
which We will furnish both papers for
one year for the sum OF 1925. The
Commercial Appeal is one of the larg-
.st and best papers in the south, and
we hope to receive many new sub
scriptions on this offer; sl.2j cash for
Doth papers.
The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1911-06-14
Work Will Soon start

after you take Or. Kings New Life
Pills, and you'll quickly enjoy their
fine results. Constipation and indi-
gestion vanish and fine appetite re-
turns. They regulate stomach liver
and bowels and i1lpart new strength
and energy to the whole system. Try
them. Only % cents at Ringer Drug
Co.
The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1911-06-14
Read This.

Durant, Ok-This certifies was
cured of Kidney, Bladder and Rheu.
matte trouble by the use of one boz.
tie of Halls Texas Wonder. l fully
recommend it, for it is a medicine
with merits..-W. b. WARD.
Sold by all druggists.
The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1911-06-14

Dear Sirs:-My body broke out with
a rash or eruption which, in spite of
all efforts to cure, continued 20 get
worse. The, itching, especially az
night, was simply terrible: IL would
almost disappear at times. only to
return worse than ever. ! had tried
many highly recommended prepara-
tions without bSlett, and hearing OF
8. q. 8. determined to give 1t u fair
trial and was irexOressibly delight
ed when a few bottles cured me en-
tirely, removing every blemish and
pimple from my body. L shall NOT
fail to recommend .. s. s. whenever
an opportunity occurs to do so.
Escondido, Cal. L. NJ ARNO.
The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1911-06-14

us" said Mr.. Soldering, and he will
profit by the mistakes of the Wellman
expeditions. His balloon is now being
built in this city, and it will be ready
in three weeks to ship east for assemb-
linz. 1t will be an American built
arship throughout"
The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1911-06-14

almost helpless. |
went to three doc
tors and they did
me no good, SO my
sister advised me TO
try Lydia f. Pink
hams V ge ia BILE
Co IN un d, an d
when / had taken
only two bottles |
could see a big
change, SO | took
six bottles and / am
now strong and well
The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1911-06-14
Not Question of Winds.

Cross ng the Atlantic in dirigible
is not a question OF winds or naviga-
ton any longer, he said. so far
as gas is concerned the present per
fection of the rubber-coated fabric for
dirigibles enables an airship to stay
in the air thirty days
NO special type of balloon is nee
essary but it must he non-rigid. The
success of the trip will be due to the
ability of the aeronaut to compensate
for the greater lifting power of the
amount of gas used due to any rise
in temperature.
The balloon will be equipped with
two motors. each OF 1O5 horsepower.
designed by a Chicagoan, Charles Y.
Knight. The balloon will be 26S feet
long and Al feet in diameter, with n
capacity of $4,000 feet and lifting pow
er of 25,OOO pounds. while the gas bag
will weigh 1000 pounds.
Will Take Along Cat.
The crew will include myself.
wireless operator. a navigator, two
mechanics. a cook and the cat which
accompanied us on the previous at
tempt.
The balloon will be completed OH
August l when several trial trips will
be made at Atlantic City. The real
start will be made in October
Il believe that vaniman Is a geni-
The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1911-06-14

Children that are affected by worms
are pale and sickly and liable to con
tract some fatal disease WHITES
CREAM VERMIFUGE expels worms
promptly and puts the child on the
road to health. Price 25c per bottle.
Sold by Hoffman, Drug Co.
The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1911-06-14

Eczema, letter or Sat Rheum,
while still other morbid matters in
the circulation cause Acne, pinI-
pies and Ike troubles.
It j. right and proper to get
what relief one may from the APP
plication of washes, salves, etc,
but such treatment should not be
depended upon alone to produce
cure--onlv 4 thorough publication
oi the blood can accomplish this.
S. 5. 5. cures Skin Diseases of
every character and kind, because
it puriiies the blood. 1t goes down
The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1911-06-14

Honey Bee gives DeIrect satisfsc-
ton for brea biscuit or pastry.
Eelker sells IL
The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1911-06-14
HoM's ThIs7


We c~er One Hundred Dollars Re
ward + any case of Caiarrh thai
can not be cured by Halls Catarrh
Cure.
f. ]. CHENEY e CO., Toledo. @.
We, the undersigned. have known
F. J. Cheney for the past fifteen
wears and believe him perfectly hon
orab.e in all business transactions
and financially able to carry ont
any obligation made by his firm
Wa'dng, Kinnan & Marvin,
Wholesale Druggists, Toledo. O.
Halls Catsrrh Cure is taken inter.
nally. acting directly upon the blood
and mucous surfaces OF the system
Testimonials sent free Prices ~
cents
Take Halls Family Pills for con
stipatiOn.
The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1911-06-14
JUNE IA IN HISTORY.

l767-- British act, levying duties
on tea, paper, painted glass. ct.
l7o9-French, commanded by Gen.
The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1911-06-14
SHE
SUFFERED
YEARS
Finally Cured by Lydia E. Pink
hams Vegetable Compound.

Erie, Pa. - suffered for five years
from female troubles and at last was
The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1911-06-14

hvterian chnrcb will mect ON Tues-
do,, rax+ w;t, ,trs Walter Madden
ot tho I Madden home in south.
.w,st ,rdmore Members will nIease
nron,ra t,o eacond cbootar in the
book This VIII be the last meet
ING or the summer.
II:
~ ho,o. -, b,r r,.s. Mice ,1or.
N,iss 1orrio porrv os sherman Misc
tIa,on carro on,or,oiood with do.
savn, hon,o On u s,roo, sort,,wo,t
The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1911-06-14
Ice Cream Supper.

On Friday evening the ladies' Of
Lawrence Chapel will give an ice
cream supper at the parsonage, cor
ner Sixth Avenue, northwest, and
r street
The proceeds viii go towards
raising the debt on the parsonage.
cordial invitation is extended
the public to be present.
The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1911-06-14

acids builds the weak
Salt Rheu Acne,
rases erupons affections When S has ceansed
the skin nourcd with rich cooling blood
strengthened the glands stimulated
Book Skin Diseases
any medical advice free. S S is for sale at drug
The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1911-06-14
SPORT a HOBBY OF THE GREAT
EVANGELIST. SAYS A BROOKLYN
DIVINE.
WAS ENTHUSIASTIC SPORTSMAN
Preaching the Annua Sermon on Base
ball, the Rev. Edward Young of
Brooklyn Pays Tribute to the Hon.
esty of the Great American Game.

New York June 13. one sunday in
each year is devoted by Bedford Pres
hyterian church of Brooklyn to a ser
mon on baseball. The services are
held under the auspices of the New
York League of Y. NJ. c. \. baseball
teams. This years service was held
yesterday and the sermon was by the
Rev. DR.. Edward Young. lie told his
hearers that St. Paul ii preaching in
America this summer undoubtedly
would be an enthusiastic fan ana
would attend all the games.
Paul Used Sporting Terms.
Paul was an enthusiastic sports
man." the preacher said. SO close
was his friendship with the presiding
officers at the great games of Western
Asia as to excite very active solicitude
on their part in his behalf when Paul
seemed in danger-so records the
Book of Acts. He uses athletic terms
frequently. speaking Of himself as a
runner boxer and fguratiyely apply
ing the term great umpire of the
skies to his Master.
What "A quickener of the intellect
Is our American game A mathema.
tician has figured out 7,226, ABB posi-
BILE plays on a baseball diamond. Which
one of them shall the player try?
TO see the ball and take in the chan
ces and catch the signal from the
catcher or pitcher or manager on the
bench, to estimate the distance and
speed and angles in the twinkling of
an eye, to pack a ball full of sealed
orders as to whether it is to curve
right or left or up or down or fade
away. to read your antagonists coun-
tenance. TO anticipate the next move
or detect the bluff, these and a null
titude make mental gymnastics enough .
for the sharpening of a players wit. /
When Dishonesty Nearly Ruined Game
An evil hour came to the ball field
of a generation ago when
and hired defeats and dis
honest victories well nigh ruined the
game, but now young men are here
taught honor, the slightest infraction
thereof being visited with exclusion
from the field"
The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1911-06-14

The Presbyterian Ladies Aid So
ciety met yesterday at Mrs. Pen
nington's with quite a splendid at
tendance.
After several business matters wcr2
discussed the society voted to dis
band for the summer.
Several lawn socials will be given
during the summer, but no regular
meetings will be held.
After the business meeting a so
Cial hour was enjoyed.
+
Iyhn MiSsinnnrN SnClnty of The PrnS-
The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1911-06-14

with which the blood infected If there acid in
ttoue by itching burning uptons.
mpuriea produce waterl l ases, commonly
The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1911-06-14

The, Missionary Society of the Pres
The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1911-06-14

Mrs. Iara Kinkaid left today fol
Gainesville for weeks end visit
The Calhoun chronicle. [volume] (Grantsville, W. Va.) 1883-1984, 1911-08-22
Taft and the Tariff.

Certain phrases serve as a kind of
touchstone in revealing a mans atti-
tude toward a protective tariff. A
Chinese Wall is one of them. and
President Taft used 1t In his speech
at Providence. When the head of the
Drotectionist party makes that con-
demnatory description Of a high tariff
his own-coolly adopting the language
Of free traders-it is enough to make
the ancient and rock-ribbed stand.
patter rub his eyes and feel of his
head and fear that the end OF all
things is at hand. There is a phrase
on the other side. formerly used by
good protectionists, and even employed
by the innocent Mr.. Dingley In 1897.
This Is the one expressing the wish
that our sacred country were sur
rounded by "a sea OF fire." so that not
an invoice of hated and communicating
foreign goods could reach our immune
shores. That test of high tariff ortho-
doxy has long been dropped, as being
too exacting except for isolated saints
Of the protectionist church. But II
must look to the faithful as IL the
very foundations were being de-
stroyed when a Republican president
declares that the days Of the Chinese
wall in tariff matters are over. Yet It
was all along probable that the blast
on the horns OF Canadian reciprocity
would cause that antiquated barrier
TO crumble and fall like the walls OF
Jericho.-New York Evening Post
The Calhoun chronicle. [volume] (Grantsville, W. Va.) 1883-1984, 1911-08-22
WEALTH NOT EARNED
STEEL BARON3 HAVE FILCHED
FROM THE PUBLIC.
FlnancIers Of Wall Street, Sheltered
Behind Protective Tariff, Gath
cred Mlllions-Fortunes In Pa
pers, Not Securities.

The men who builded the steel in
dustry of America were concerned at
first only with the construction OF
furnaces and mills. the sale OF prod
ucts and the meeting of foreign COM
petition. They counted upon returns;
indeed. hoped for enormous products.
But they were all along natural lines.
the margins from sales.
BY the time that the financiers of
Wall street took a hand in the steel
industry the producers were nourish-
ing another ambition. They had be-
held the opportunity for swift for
tunes and surrendered the pride they
had developed IN the possession OF
widespread mills and cloud-producing
furnaces. These fortunes were TO be
made in selling stocks and bonds, in
raking off enormous commissions and
getting In on the inside of the market.
The report OF the bureau OF corpora
tons shows that the syndicate which
promoted the steel trust provided a
capital of $25.000.oo0 and incurred
other expenses amounting to $1,000
600. In return for this service the
underwriters took stock Of the par
value of $3.50. ZOO. 900, which realized
about $90.000,000. The profit was
$62.000.00o The report says:
1T should be pointed out that the
syndicate managers were prominently
| identified with the management of sew
eral of the companies acquired by the
steel corporation. and also with the
management OF the corporation itself.
Three partners of the firm of ]. p.
Morgan Co.. the syndicate managers,
were on the directorate of the cor
poration. and one of them was also
chairman of the finance committee.
Moreover. the underwriting syndicate
included the heads OF several constitu-
ent companies. These facts are en-
titled to great weight in connection
with this enormous commission al
lowed to the syndicate. In other words.
as managers of the steel corporation
these various interests virtually deter
mined their compensation as un-
derwriters.
This extravagant compensation to
the underwriting syndicate may fair
ly be cited as further evidence of a
general disposition toward excessive
issue of securities"
The fortunes of the steel barons. in
short. were not made in steel. but in
securities. They do not represent
returns from marketed products, but
from marketed paper.