Omaha daily bee., 1911-01-02

glittering coin passed around at adjourn
ment and the smile generated By antici-
pated dividends. with annoying paternal-
ism the government insists that directors
should be useful as well as ornamental.
IL they fail TO direct as the law directs.
and trouble comes, II is up to them to
make good. The point IL emphasized in
the case OF the directorate Of the specula-
tive Morse bank in New York, the op-
erations Of which sent Morse to the At
lanta penitentiary on a fifteen-year SEN
tence. The directors OF the bank, or most
OF them, knew Of the speculative loans
and stock ventures. In fact the bank was
skating on thin ice before Morse broke
into It. But Morse plunged heavier than
his predecessor and was caught in the
squeeze of 1907 Now with the liauida-
ton at an end the directors have been
obliged to dig up from their own pock-
cts the sum Of a2i1,Ooo in full settlement
of claims sdjudicated.
I'm banking and legal circles" says the
New York Post. "this settlement is con-
siuered OF very great Importance. because
the directors thus assume liability for
losses incurred in the banks speculative
career, although they have heretofore de-
MED that the transactions in question ex-
ceeded the authority conferred upon
them, and also denied any knowledge of
irregularities. As the Morse transactions
consisted In spsculations and in dummy
loans, the heavy penalties now paid by
the directors can only be taken as n grave
warning to all directors who fail to d.
rect that they can be held responsible for
a banks losses"
The directors who must put their hands
in their pockets to the tune OF S21i.oOO
are Charles w. Morse, John II. Flagler,
william F. Havemeyer, Alfred II. Curtis,
John W. Gates, Charles NJ. Schwab and
Robert N. Thompson.
1t looks as though the gentleman known
to the police as big Biz had It about
right when he once said: "Son. II you can
just keep your face straight you can get all
the money in the world"
AS my first witness in support Of this
proposition says the New York corre-
spondent Of the Cincinnati T1mes-Star, I
cali one Harry Diffene Of Hawley, Pa Mr..
Diffene is a man OF 40, who has been in
business all his life. has made a good deal
of money and bears the outward semblanoe
OF intelligence. Some weeks ago he made
the acquaintance of New York man then
visiting Hawley. The Now Yorker soothed
Mr.. Diffenes susceptlbilitieR. You are too
wise a guy to stick in a hum little burg
like this" said he. why don't you start
for the big shown
They all fall for II. Mr.. Diffene admitted
that he was a bright and capable business
man. The kind stranger accompanied him
to New York picked out a nice saloon for
him at the intersection OF Greenwich and
Park row and eventually sold 1t to him.
Mr.. Diffene repaired to the office OF a
notary where various papers were signed.
Then he handed over 5000 for the first
payment on the place. Next morning just
as the early-rising bartender, was getting
into the white Jacket, Mr.. Diffene came
around. He hung up his coat and hat, |
scanned the situation with a coldly prac-
teal eye, told the bartender that in the
future he must wear white tie and walk
around the bar to peek into the cash reg
lister. Mr. Diffene lit in the geographical
center of Park row.
The moral is simple one. The kind
stranger did not own even a towel in that
glittering establishment.
NeW York vegetarian circles having been
much disturbed by the report that an ad-
herent to the cause had eaten lamb chop. |
it was up to the delinquent to give an &C
count Of himself.
IT am guilty" she confessed. Il did eat
a chop, and II I were placed in the same
position again I'd eat another one. The
circumstances that caused my downfall
are the reef on which many a vegetarian
bark is wrecked I made a morning call
on a woman who had just come down from |
Albany and teephoned me to come and
see her at the home Of a. mutual acqualnt- |
luncheon. I consented. Pretty soon I |
heard the maid telephone for another chop. |
felt it in my bones that that chop was for
me and ! wanted to rush out and tell her
to countermand the order, but was |
ashamed to. At luncheon the extra shop |
confronted me. II It had been ordered be- |
fore 1 came or even il the telephone had !
been far enoughh away from the sitting |
room TO keep me from hearing what the
maid said, could have declined IT,, but |
there was a chop that had been bought for |
me and cooked for me, and It implored me |
50 feelingly to eat Il because Mrs. b. had
nothing else TO offer me and would DO
Inundated IL / refused, that I let my veg,
etarianism go by the board. 1 ate the !
chop. l would like to add that 1t tasted
good"
little girl in an East Side school was
busily cracking her finger joints. The /
teacher admonished her, but soon the I
cracking was resumed. The teacher de- |
tanned the girl after the others had gone
home.
Minnie" the teacher began, don't you |
know that to crack your finger joints Is
not nice, and besides when you grow up |
TO be woman youll have big, ugly !
knuckles."
That's why do it,, Minnie replied. NY |
man told me yesterday that when we get |
big he's going TO give me a diamond ring 4
and then wen get married. ] want my
kunckles to be big enough to keep the /
ring from slipping off on WHshday. Ny
mother lost her wedding ring that way and
papa never got her another"
The Greeley Square hotel planned for 1
New York and designed to be the largest
anywhere, will cover an area OF 81 500
square feet, have twenty-five stories ex-
elusive Of a basement and two sub base (
ments, and cost, including the site. Sl3-
10000. The section In which Il Is to arise