davidaulloa/AmericanStories huggingface dataset:
The silver state. [volume] (Winnemucca, Nev.) 1909-1925, 1912-11-07
IRREGULARITIES OF
THE MINING INDUSTRY

A strange and mysterious condition
in the mining industry is often noted
in the attitude of the stock-buying pub
lie towards shares in promising pros
poets, producing mines, and regular
dividend payers. According to all
rules and logic and reasoning there
should be a very close relationship be-
tween the selling price of any stock
and the physical condition of the mine
which it represents. But, strange to
say, seldom is this the case. 1t often
happens that the treasury stock of a
new company, whose property is prac-
tically undeveloped, will be placed up
on the market at a price, let us say, Of
twenty-five cents a share. This, of
course, should show the confidence of
the investing public in the new enter
prise, which, we assume, is strictly
legitimate. The company then proceeds
with active and intelligent develop
ment. Ore is encountered, and ship
ments, to a limited extent, are begun,
with almost every assurance that the
output will soon become quite regular
and heavy; while considerable neces-
sary equipment has been installed.
With such conditions existing one
would naturally suppose that the stock
of the company would enhance in
value. But does it? In a majority of
cases the reverse transpires, and, in all
probability, the stock changes hands
III the open market at eight and ten
cents a share, or even less. Here is
the puzzle: The prospect has been de-
veloped into a mine with most ecour-
aging possibilities, it has been equip
ped to take care of all present needs,
and the public has great confidence in
its future, and yet the stock of the
company is being sold at a less price
than when the treasury shares were
first offered to the buyer. Who can ex-
plain this enigma2 One might say
that money is tight and that financial
conditions are unsettled throughout the
country; but this is an evasion of the
question, for there is a much money
in circulation as ever before, and it is
certain to come out freely ii its owner
thinks a 'tsnap" is offered. For in
stance, 1t it be known that a new and
sensational strike has been made, in
virgin territory, and men of means will
tumble over themselves to get in on
it, even if they nave to mortgage their
homes to do SO. Let us say that the
prospect develops into a producing
mine, with the very best possible out
look. 1t is known that its prospects
are most promising, and it is natural
~ expected that the market price of
its stock will materially advance.
The silver state. [volume] (Winnemucca, Nev.) 1909-1925, 1912-11-07
WHAT THE UNITED STATES
HAS DONE FOR PORTO RICO

We point with pride to Porto Rico as
affording tangible proof of our genius
for promoting the welfare of other
peoples.
Why is it that Cuba, under native
rule, has so signally failed to keep
abreast of Porto Rico, under American
rule in point of development and pros
perity? The two islands had IN even
start after their liberation from Span
ish domination, and owing to Cuba s
superiority in natural resources it was
generally thought that her people
would profit most largely from the
change. Cuba has advanced conner
cially in no small degree, as must be
conceded, but Porto Rico has left her
larger neighbor far behind compare
lively in every important respect
agriculturally, commercially and po-
litically. Her with other
nations is FIVE times that of 1901, the
gain being mostly in her trade with
the United States. Her sugar exports
increased in the same ratio. Last
years coffee crop, of superior quality,
was the largest in the history of the
industry of the island, and is now be
ing sold in the United States for the
first time. Property values have more
than doubled since 1905, and the
finances OF the island are in a most
satisfactory condition. Good order is
Observation-Disclosures Post.
The silver state. [volume] (Winnemucca, Nev.) 1909-1925, 1912-11-07

But does it? Tn many eases the price
drops to a riduclously low figure, al
though it would be a god buy at par.
The mine begins the payment of regu-
lar dividends; perchance it has paid
half a million or more in velvet money
and is evidently good for several mill
lion more. In such a case one would
expect that the investing public would
buy all it could at a reasonable figure.
Instead, it is on the selling side of the
market and the stock of the company
can be bought at a price that would
not pay for the equipment on the prop
erty.
There is something exceedingly
queer in the mental poise of the invest
or when such conditions exist. He will
buy now, when he has almost a GER
tainty of making a fortune; but, let
anyone of these neglected stocks take
a shot upward, and he will tear his
shirt off his back in order to get in
at figures way above the real and ae-
tual value of the stock.
There is hardly a stock dealt in on
the Salt Lake board but that is in
trinsically worth many times what it
is now offered at; and yet, strange to
say, the investing public IS waiting
until some mysterious agency sends it
up several notches before waking up to
the possibilities offered.
After carefully weighing the subject,
therefore. it would seem that there is
no parallel between mining conditions
and the prevailing quotations on min
ing stocks. This fact can have no
marked injury on a producing and pay
ing mine, but its baleful influence and
damage to the investor in mining
stocks is almost beyond computation.
Mining Review.
The silver state. [volume] (Winnemucca, Nev.) 1909-1925, 1912-11-07
NEVADA REPUBLICANS WIN
GREAT VICTORY

Although the country at large went
overwhelmingly Democratic at Tues
days election, Nevada Republicans
won a signal victory in the election of
Senator Massey. Present indications
are to the effect that his election is
assured by a safe majority, and it will
go a long way in overcoming the dis
appointment naturally felt over the
loss of the National administration.
The victory is all the more complete
when conditions are taken into consid-
GRAFTON. The party in the state, as
well as the nation, was hopelessly di-
vided and at the beginning of the cam
paign the hereculean task that confront
ed Senator Massey seemed almost
hopeless. But he went into the battle
with his characteristic aggressiveness
and for nearly two months travelled
through the state, delivering one or
more daily speeches and making one
OF the greatest campaigns known to
Nevada politics.
The surprise of the result is the
smallness of the vote accorded Sardis
Summerfield. The public career of this
man, who at one time stood high in the
confidence of the people of the state,
surely came to an abrupt and inglori-
Gus ending.
The silver state. [volume] (Winnemucca, Nev.) 1909-1925, 1912-11-07
500 w 500

The readers of this paper will be
pleased to learn that there is at least
one dreaded disease that science has
been able to cure in all its stages, and
hat is Catarrh. Halls Catarrh Cure
is the only positive cure now known
to the medical fraternity. Catarrh be-
ing a constitutional desiease, requires a
constitutional treatment. Hall s
Catarrh Cure is taken internally, act
ing directly upon the blod and mucous
surfaces of the system, thereby de-
stroying the foundation of the dis
ease, and giving the patient strength
by building up the constitution and as
nature in doing its work. The
proprietors have so much faith in its
curative powers that they offer One
Hundred Dollars for any case that it
fails to cure. Send for list of testi-
monials.
Address +. J.. CHENEY & CO.,
Toledo, Ohio.
Sold by all druggists, 75e.
Take Halls Family Pills for consti-
Observation-Disclosures.
The silver state. [volume] (Winnemucca, Nev.) 1909-1925, 1912-11-07
FRATERNAL Orders

l. o. o. T.
HUMBOLDT LODGE NO.
l6, L. o. OF.-Meetsy Is -
every Saturday eveHing ~
at hall IN Silver State building v.
iting brothers in good %standiso
ways welcome. "
F. A. ROBINSON, N.
". r, RICH, Secretary.
The silver state. [volume] (Winnemucca, Nev.) 1909-1925, 1912-11-07
PIONEER ASsAYING g. REFINING
COMPANY

SAG Market St., San Francisco, Cal
We buy gold, rich ore, amalgam cy.,
precipts, etc. We pay cash and give a
square deal. Prompt returns guaran
Call personally, or send by mail
or express. Assaying, SOC. Establish
ed 20 years. Reference, any CONNER
cal agency in San Francisco. sat-6m
The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1912-03-15
Orders to Sell Wheat Pour in
From All Directions.
Scramble to Unload Sends the
Prices HeadIOng Downward.
QUICK DROP OF TWO CENTS
Dealers Are Greatly Surprised
by Condition of Market.
Absence of Support Makes
Corn Weak From Outset.

chicago, March 15.-WEEAT-Orders to
sen wheat came today from all directions
ana smashed the market. There was a
Fout OF the bulls who for months have
peen confident that scarcity at the end
or the season would bring them riches.
instead, IN a wild scramble to unload,
prices suddenly plunged headlong down
ward, scoring quick losses of as much as
21sc on the May option
NotWlthstanding meager stocks of
wheat at Liverpool prices there surprised
the trade by showing no response to an
advance on this side. Increasing Argen-
tine shipments and a forecast of larger
world shipments this week other than
from the United States woke up the deal
erS who had looked for totally different
state of affairs. Accordingly there were
few buyers here at the start.
Offerings the other hand speedily in
creased and the market turned success
lively from weakness to a condition of
Semi-panic.
Opening prices were unchanged to $40
&c down. May started at $1.O2A to s1.03,
a decline of @c to Nc and dropped to $1.01,
but later recovered to $1.O11a@D1. 01ss.
Another wave of selling carried the
market lower than before. The close,
nevertheless, was comparatively steady
of 1900.
CORN-Corn showed weakness from the
outset. Stormy weather had been dis
counted and there seemed to be no sup
port for prices. May opened unchanged
to sc off at Tic to 71ssc, fell to 701sc and
rallied to 7Oszc.
Bearish advices regarding the Argentine
crop resulted in a further decline. The
close was nervous at 1880 for May, 1c
under last night.
OATs-A leading house bought oats
freely for while and temporarily pushed
up quotations but the weakness of other
grain could not be withstood. May start
ed 1sc higher to 53ssc, touched 53%c and
then Sagged to 53Ac.
PROVISIONS-An advance at the yards
helped provisions at first. Later, however,
the market gave way in sympathy with
the bear sentiment in neighboring pits.
Initial sales were at last nights level to
TIC higher with July options $16.371z to
$1640 for pork s9.O21e for lard. and $9.0711
to 1910 for ribs.
RYE-No. 2, 91@92c.
ARLEY-S0c@$1. "a.
TIMOTHY SEED-$11- O0d14.50.
CLOVER SEED-$16. 00@22.O0.
The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1912-03-15
QUITS THE CREAMERY
President of Continental Will Devote
Time to Kansas Farmer.

A successor to T. A. Borman as
president of the Continental Cream
cry company will be chosen within a
few days. Mr.. BOrman handed in
his resignation last summer, but as
no man could be found to take his
place, he has continued to act as
head of the biggest institution of its
kind in the world.
Mr.. Borman, who is editor-in-c chief
of the Kansas Farmer, will hereafter
devote his entire time to the farm
journal work. Since 1908 he has been
uting editor and editor-in chief, but
has given a great deal of his thought
to the management of the creamery
company.
While no action has been taken rel
ative to a new head for the Cont
mored that Frank Haskell, brother of
the president of the Beatrice Cream
cry company of Nebraska, will be the
man chosen.
Mr.. Borman has succeeded in
everything that he has undertaken
in business way. AS a mere boy
he began writing for farm papers. He
life work, but he decided that it
would be wise to get out on a farm
and get some sound practical ex-
perience. He was born in Hope,
Kan, and his father was in the farm
ing business
the dairy map" said Topeka bust
ness man today. "It was through him
that the use of cream separators be-
came general on the farms. Prob
ably no one in Kansas knows more
about the dairy business
He is at the present time president
of the Kansas State Fair associa-
The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1912-03-15
DIVORCE FRIEND OF WOMAN.
"One Gretna Green Worse Than DoZ-
en- Renos," Says Lecturer.

Mrs. Haryot Dey told the members of
the Legislative League meeting at the
Waldorf that, while she did not hold a
brief for divorce, she thought it was
tain.
Divorce is the friend of woman"
said Mrs. Dey, land though there are
many people who think that it is tor
easily obtained at the present. time. A
have never known of a case where t18
result justified that belief. Divorce is
not a disease; it is a remedy. We used
to make fun of the old maid, but now
we say: What lucky creature! What
she has escaped! Marriage is a spirit
ual thing, but people do not recog-
nize it. Even the churches, which re-
fuse to marry divorced people, do not
see it.
There is an attempt made to limit
the number of divorces by uniform oil
vorce laws, but whatever laws are made
the people who feel the need of 44-
Vorce Will manage to circunlvent them.
There has been much immortality in
New York Eecause the grounds for di-
Vorce are so limited. There are wrongs
as great as infidelity or intemperance
and who is going to say what they
are?"
She told a story of woman of her
acquaintance who was a model wife.
She not only managed her own hus-
band, but indirectly her friends hus-
bands, by means of helpful advice. But
model husbands told her that she must
divorce him. 1t was a shock and a
surprise, but eventually she was obIig-
ed to aoquiesce. The model husband
said he was tired of being trained, and
he was not going to stand it any
longer.
Marriage has passed through several
stages said Mrs. Dey. "In the first
there were two people in one, and that
one the husband: next there were two
individuals, and now has come the
period of adjustment, and we will see
what will ha ppen. Things in the home
have contributed to the increased fire.
quency of divorce-the Industrial con-
litiors which make women less re-
sponsible for the home, and divorces
have become cheaper. Divorce is an
incident in the mighty forces of liberia
ton
Mrs. Dey said that children in a dis
rupted home were not a bond but rath-
er an added cause for divorce, and in
speaking of marriages hurriedly made
on short acquaintance, she said:
Zone GretEa Green is worse than
dozen Renos.''
But however much one may believe
in divorce, there was one recommended
ton Mrs. Dey made finala-r:
Never take upon yourself the re-
sponsibility of advising your friends to
get a dIyorce.'-NeW York Times.
The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1912-03-15
BOTH SIDES FIRM.
Neither Miners Nor Coal Barons Will
ing to Give In.

New York, March 15.-The committee
of anthracite mine workers have made
final inspection of the completed an
swer to the reply of the anthracite coal
operators refusing their demands, for an
increase in wages, recognition of the
union and other conditions, and de-
clared it's readiness for submission at
the joint meeting of operators and
miners this afternoon.
The answer contains no counter pr,
position to the operators but takes uE
point by point the already refused de-
mand and gives the detailed reasons for
making them.
With both sides apparently standing
firm, just what move can be made in
the way of a compromise is problemati-
cal. Meanwhile the bituminous opera
tors and their employees will confer
at Cleveland on March 20. Retail
prices of hard coal advanced again to-
day.
The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1912-03-15
DR.. WILEY QUITS.
CONTINUED from Page one.l
has been hampered and harassed by
the other officials.
Has Been Much Friction.

has been hampered and harassed by
the other officials.
Has Been Much Friction.
The recent Wiley-W Wilson IcCabe
controversy was but an outcropping
of the friction A house committee
which recently investigated affairs OF
the department compHmented DR..
Wiley in the highest terms and scored
his enemies in the department Be
cause of alleged technical irregular
ity in the employment of Director H
H. Rusby, a New York consulting
chemist, DR.. Wiley some time ago was
recommended for dismissal by Sec
rotary Wilson and Attorney General
Wickersham, but President Taft set
these recommendation aside.
A rumor that he might become a
candidate for vice president on the
Democratic ticket was denied by DIR.
Wiley a short time ago.
Could Not Have Peace.
DR.. Wiley recently was quoted as
saying:
81 have for long time been work
ing to secure peace in the depart
ment. This, however, can not exist
so long as there are such homogeneous
elements in the department as are
now to be found there. I am hoping
that a solution of the difficulty may
be found.
IF determine to withdraw I'shall
issue a statement which there will be
no difficulty in understanding.
Il told Secretary Wilson long ago
what kind of people could get along
together in the department and what
kind could not"
President Taft was informed of DR..
Wiley's resignation, by Secretary Will
son. To the newspaper men after
the cabinet meeting Secretary Wilson
said:
THE relations between me and DR..
Wiley always have been pleasant per-
sonally." He would say nothing
more.
DIR. Wiley entered the government
service in 1888 as chief chemist and
has served in that capacity ever
since.
President Taft today sent kilograms
broadcast to heads of universities and
colleges throughout the country ask
ing them to recommend a successor to
DR.. Wiley.
DIR. Wiley has been a valuable man.
said Secretary Wilson. He has been
in the department 20 years. He has
seen it grow up from a bureau with
Is or possibly 20 men to a great de-
partment.'
Il am very sorry to lose DIR. Wiley,
who has done g great work in initial
ing and enforcing the pure food law.
and I would be very glad if he could
remain in the service of the govern
ment," said President Taft.
Il feel that 1 shall have difficulty in
finding a man to fill his place.
The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1912-03-15
HART SEES A TRUST.
Club Owners Money Mad-Minors
Should Be Represented.

Riverside. Cal. March 15.-James
A. Hart. former owner of the Chicago
National league baseball team, now
visiting in Riverside, said today that
he was in favor of the Gallagher reso-
luton calling for a congressional in
vestigatfon or organized baseball
Club owners are money mad" said
Mr.. Hart "They are in the game
simply for what there is in it. I per-
sonallyN would welcome any action by
congress that would act as a brake on
those who insist upon looking at the
sport in this light.
1.-THE major league players and
minor league managers should be rep
resented on the national commission.
This would be a good thing for the
players and public alike
The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1912-03-15
New York Stock Market.

Wall ST., New York March l5-STOCKS
business fell off in a marked manner
during the second hour the stock mar
ket today but the list yielded little des-
pite further realizing the ease with which
pressive feature of the early session, par
ticularly in United States Steel where the
selling on the bulge was heaviest.
Bonds were steady.
Yesterdays late buying movement was
resumed with some vigor at the opening
today. United States Steel was the fea-
ture, with a block of 1900 shares at 81
and 671s as against yesterday closing
66%. Canadian Pacific advanced 2 All
the active stocks and most of the spec
ialties registered material fractional ad-
vances, and the list as a whole displayed
more than usual activity.
Trading continued in almost undt1nin-
ished volume during the first hour The
buying embraced all the leading issues
as well as some specialties and low
priced shares, and the movement as a
whole indicated a strong undertone- Profit
taking arrested the advance, which DID
not exceed fractions save in Amalgamat-
ed Copper and Northern Pacific, LIMOS
Central showed a renewal OF yesterday 5
heaVineSS and lost 19s.
Low priced stocks benefited from the
revival of active speculation In the Erles'
all of which were up point or more.
The common stock sofa at 90 OF "it u M, g
of its best figure of last year. Could
issues became prominent ana there was
a squirt of activity also in Atchison and
Baltimore and Ohio.
Prices fell off on a decreased volume
of business, the sales representing mostly
profits arising from the sustained ad-
vance in the market Coal stocks. were
distinctly heavy with Reading falling "
and Lehigh Valley a point neloW yeste;t-
davis closing on fears that the labor SIT
uation was becoming more strained
The market closed heavy. Selling pres
sure increased and many stocks relapSeo
to below yesterdays closing. me delay
in the settlement of the English coal
strike fears of a similar difficulty here
profit taking and some determined snort
selling contributed to the heaV1ness-
The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1912-03-15

and were not taken to the higher courts
and judgments were not collected.
Following these decisions the city got
busy and fled suit against Mr.. Stahl
to require him to turn this money over
! to the city. Mr.. Stahl refused to dc
so on the grounds that he was acting
as an individual and that inasmuch
as the city refused to support him on
the proposition, that he was entitled
! to retain any money that he had col
lected. He believed he was entitled
to do this on account of being requir-
ed to conduct such litigation on his
own responsibility and for the other
causes mentioned.
As a result, the district court rem
dered a judgment against him and this
was appealed to the supreme court. Az
ter hearing the arguments and giving
every part of it the proper amount Of
consideration, the supreme court ruled
that Mr.. Stahl was acting for the city
whether the city wanted him to OF
not. That even though the city re-
fused to support him on the PROPOSE
ton, he assumed the responsibility even
though it had been denied him. In
addition to this and inaSmuch as his
term of chief of police had expired be-
fore any of these judgments were rem
dered he took the risk Of the litiga-
ton and that the city could come back
on him, after six years of battle and
claims the money which he had col
lected
If he had not been successful in get
ting judgment against the liquor men
according to Mr.. Cowles. Mr.. Stanl
would have been responsible for the
actual expenditure in conducting such
cases and would have been liable for
any judgment that might have been
secured in a damage suit and the cost
of conducting such suits.
Mr.. Cowles asserts that Mr.. Stahl
has collected judgments aggregating
about $500 and that his expense in
conducting this litigation is about 81
600 or greater than the amount of the
judgments which have been collected
Mr.. Stahl demurred to the petition
of the city on the grounds that said
petition did not state the cause of ac-
ton but the supreme court ruled &c
the contrary and has allowed him ana
his attorneys time to file an answer.
The city has taken no steps to col
lect the amount from Mr.. Stahl since
the decision of the supreme court.
The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1912-03-15

Tulsa Okla, March 14.-Taft and
Roosevelt adherents had rival conven-
lions here today each claiming to
represent the Third congressional dis
trict Republican convention of Okla
homa Each convention seated contest
ing delegates which the other refused
to recognize.
A peace committee was appointed
from each convention to attempt to
compromise
Unable to agree the conventions con-
vened separately the Taft convention
named as delegates to the National
convention John Gilliland of Holden
vile and J. A. gill of Craig. The Roose-
Telt convention at a late hour. had not
named its delegates