davidaulloa/AmericanStories huggingface dataset:
The Washington herald., 1912-08-24
FINANCIAL

vestment security; but such stock as
those of the Iowa Central, the
Minneapolis and St Louis. the western
Pacific. the Missouri. Kansas and Texas.
and even the Chesapeake and Ohio-aii
of which Mr.. Hawley held to the amount
of u. 100000. par value, or more-are GER
tainly not the kind of security that the
small investor ought to buy. From an
investment point of view to put nearly
the whole OF an estate into this class
OF stocks was utterly fallacious.
In the case OF Mr.. Huyler. the two
fundamental errors were, first the buy
ing of mining stock that represented a
property not developed and hardly pros
pected, and the lending Of money to IN
dividuals on personal notes. The broad
principle can be laid down that no min
ing stocks are investments except those
that represent properties fully prospected
and well developed. 1t can also be said
that the lending of money on personal
security is not investment at all, II is an
occommoda ton extended not for the sake
of the revenue but for the sake of friend
ship or for the sake of some other col
lateral reason other than investment.
Therefore, from the standpoint Of Invest
ment, Mr.. Huyler violated two of the best
established principles of the business
Sometimes, In going over the records.
one finds a perfectly balanced estate The
writer has studied the lists Of good
many hundred thousand of investors, beth
living and dead. This experience inoi-
Gates that not more than one out OF
twenty-five shows and degree. Of science
or perspicacity. The most common error oil
all Is probably the one in which Mr.. Haw-
ley fell. namely, the investment OF pracu.
caIIy the whole fortune in securities that
nv cIn ralafed another,
ard that will ebb and flow in
price and value under a common empire
The death of Mr.. Hawley himself has
probably been one of the main influences
In depreciating the market value Of the
securities he owned.
The Washington herald., 1912-08-24

10, II. square 56oi: sss5.
Fairlawn-oscar q. Brothers; IT, tp Charles W.
Bzksr lot g. square 5s2 $50.
Fairiawn-Oscar e. Brothers. u: TO j. {. DAVIS
lots Z and e. square Jsro; N.So,
Falrlawn-Oscar q. Brothers. IT., to g. y van
Pelt lot IS. square sos: ssS
"a Twelfth Street Sorthwest-Nen p. GrahAm
to Fred n. Gibbs. lot ns, square II; No
Fred n. Gibbs conveys same property To Mary
Warner: SO
Fairlawn-Hcrman :. Urtan ct uI. to Oscar [.
Brothers, jr. lots Il. r. .. square sdc; SO.
Virginia Avenue Southeast between Ninth and
Tenth streets-James T. Kenyon ct u to
Frank b and Leila A. League. lot -. square
south Of s5l; SIC.
Chevy Chase Tcrace-Anan Z Walker ct u-
to Howard D. Fulmer. lot 10 sqnare is3: 500
Maryiand Avenue Northeast between Twelfth ana
uI to william p. c. Hazen, lot 60. square
ls7 sixth Street southwest-Minns Forster to
Floyd T. Davis lot %. square %; SO
lt,J New Jersey Avenue Northwest-Ciara L. Hill
to william A. Lanier lot b. square So: slo
Takoms Park-Julia Luckett to Allie l. DousiaS.
lot and part lot T. block 8: 81
Tenth Street Northeast between I and X Streets
Niddaush * shannon TO Henderson B. and
waughnata z Douglas. lot s.. SQUARE c so'
1913 Ames Place Northeast-Robet T. Pkmaie G.
uI to John F. NJ. Bowie, lot .. square 1855
SO John =. N. Bowie euuVeys ame Taoperv
10 Robert Z. and Matte p. PlymAle: so
W street Northwest between Thirteenth and -Four
teenth streets-Danjel SrrisS Ct ux- TO Georgs
Berger conveys same property to Daniel and
Addie z SpiszS; SO.
Chevy Chase Heishts-EdwaTd J. sterwasen e. uH
to Frank B. EIseS. lot J. square Gss; 10. r,
M,trppolis View and Observation-Disclosures r
Isiuhtoo ct al, trustees to Pauline NJ. Lam
parttr. lots u to II. block /: lots to O. bloc'
.: lots Is and IA block 5. Metropolis We"
and lot u block :; Brsottan1; @ssrm,S a n Bouen
stein ct al. trustees to Joseph W. b'o"As' 'o
l9, square 5Sl: S.cn
The Washington herald., 1912-08-24
SPENDS QUIET DAY.
Gov. Wilson Receives Few Visitors
Assured of Strength.

Seagirt, n. j., Aug. S2-Gov. Wilson
spent another quiet day to-day. His
first visitor was former Gov. Campbell.
of Texas. who told Gov Wilson Of the
unusual strength the candidate had de-
veloped In big cities of Texas-Austin,
Fort Worth and Dallas-where the Re-
publican vote is normally large. Gov.
Campbell said that even at the prima-
ries Gov. Wilson's vote was beyond all
precedent. He predicts that the Demo-
cratic plurality at the election would
be Overwhelming. George Foster Pea
body, who was treasurer of the Nation
al Committee in the Parker campaign,
was another visitor. Mr.. Peabody said
the sentiment in Upper New York was
very strong for Gov. Wilson.
Congressman Joseph E. Ransdell. who
is Senator-elect from Louisiana; Con-
gresham w. d. Gordon OF Arkansas
and h. d. McKeller. of Tennessee, all
members of the Deep Waterways Con-
gress, asked the Governor to attend a
convention ut Memphis IN September.
which is to deal with the problem OF the
Mississippi Valley and the prevention OF
floods. Gov. wilson would give no defi-
mite answer to the invitation.
Gov. Wilson had made half promise
to speak at a workingmen's rally In Chi
cago on Labor Day. He learned to-day,
however, that the men who extended the
invitation hal no authority to speak for
the workingmen. The invitation has.
therefore, been declined
The Washington herald., 1912-08-24

New York, Aug. cs.-Dun's review. to-
morrow. will say:
with crop prospects increasingly bril-
liant, with the principal industry work.
ing to full normal capacity. with trade
distribution continuously expanding. and
with business sentiment becoming daily
more and more confident and buoyant.
the whole situation, both in fundamental
conditions and in volume of transactions.
In better than II has been for years.
The problems now are not those OF de-
preston, but becoming those OF pros
perity. II is no longer shortage OF
orders, bit of capacity for prompt sup
ply demand, and in some cases consum-
ers offer premiums for prompt delivery.
A shortage Of, labor, not alone In the
wheat fields. but in some Of the indus
tries. are reported. > The railroads are
buying literally of supplies, and are
placing heavy advance orders, but there
is a prospect of shortage Of cars to car
ry the trafiic of the country. An ac-
tual shortage of money has not been
reached, but threefold demand for
money to provide for business to move
the crops and to finance new enterprise
and speculation is beginning to make an
Impression on rates for loans
1T is noticeable that merchants are
now disposed to buy more freely Tor
advance needs. It Is noteworthy that
the outlook for a large crop of cotton
is improving with the continuance OF
better weather conditions. The shoe
trade is retarded by the continued high
prices of leather and hides. From the
iron and steel industry nothing but the
most favorable reports are forthcoming
plants are working to capacity: stocks oi
pig iron are being reduced"
The Washington herald., 1912-08-24
DARING R0BBER DYING.
Man who Held Up Mail Car Shot
with Own Weapon.

Topeka, Aug 23.-An unidentified man,
who robbed the mail car on Union
Pacific train after 1t had left Kansas
City last night, then went to the sleeping
car and demanded a berth. is dying to-
day from a fatal wound made by his
own revolver. The man Is In a hospitai
here with a bullet over his heart.
Since he has been In the hospital he
has been unconscious. The robbery oc-
CURED shortly after the train. the St
Louis Colorado Limited, had left Kan
sas City. The bandit is believed to have
climbed on the blind baggage at Kansas
City and to have entered the mail car
and concealed himself before the train
left the Kansas City yards. A short
distance out he appeared. and with
drawn revolver forced the clerks to
stand back while he rified the mall
Then, after forcing them to bind each
other, the man left the mail car and
went back to the Pullman. and went to
bed.
Word Of the robbery was wired ahead.
and city patrolmen and Union Pacific
detectives met the train here. Conduc-
tor Smith and Patrolman Sanders went
to the bandits berth and pushed back
the curtains. The man had revolver
in his hand. Smith grasped his hand. the
revolver was discharged. and the robber
was shot just over the heart.
A letter addressed to Mrs. VIII s.
Lonsberry. Medford, Greg, was found
In one of his pockets.
The Washington herald., 1912-08-24
DEATH BLOW TO RESORTS.
Ham mond UndD Council Revokes
Licenses of Seven.

Hammond, Ind, Aug. g.-lnvestigation
into a number of mysterious deaths in
a West Hammond resort and search for
Frank Davis, whose daughter was Kid
mapped and held in one of the dives.
were the sequel to-day TO the triumph
of the reform element in West HAM
mond.
The reformers won at the council
meeting last night. About 800 OF them
followed Virginia Brooks TO the council
chamber and watched the proceedings.
The licenses Of seven resort and saloon
keepers were revoked. The council was
evenly divided. Mayor Woczynski. saloon
keeper and accused of accepting brioe'
cast the deciding vote. II was always
in the interest of the reformers.
Davis had promised to lead in resort
smashing raid II the council did not re-
woke the licenses. He was not there.
INQUIRY showed he had rot been seen
since he had promised to take part In
the crusade.
1t is believed he has been shanghaieo:
Officers are seeking him. He hao
threatened the life of the resort keeper
who stole his daughter.
The authorities are investigating the
burial without permits Of persons VINO
died in one of the resorts.
The Washington herald., 1912-08-24
NEW YORK PRODUCE.

New York, Aug D.-MnLLFEED-steady. Spring
bran. 9eo; standard middlings, H0: Western rec
dog. $50; winter wheat bran. In 1d-pound sacks.
to arrive. $50; city bran. in bulk. 20.
FTOCR-SIow. owing to strike in Buffalo New
Kansas straights. 4ioai.50, in sacks: spring pat
ents. 5ooa5 90 in barrels; to aniver, i7saS.0;
spring clears new 43ai.35; new soft straights, to
arrive 45oa4D. in barrels.
RYE FLOUR-Steady: trade Is quiet. Choice
brands quoted at 3.5a4.l5 for new.
CORNMEAL~Strong scarcity. kiin-dried fog
export 4l5a4. Is; coarse meal in bags. l.eoallo.
HAY-Receipts gls tons; strong. rtarding trade.
Quotations are: For prime timothy l4o; No. l.
l5: No z l.aal.9o; No. ). Losal.B.
STRAw-Receipts, 50 tons; nat quiet Long rye
quoted at 9oa95
PoRK-Light business Mess. 0ooan.5o: family.
% 0oa00.
BEEF-Dealings inactive. Packet. T.soala"
family, Is Hala0o.
LARD-strung inactive Prime Western, LIE; re
fired continent, u.6; South American, ED; re
fined Brazilian, in kegs $50; oleostearine L,ta4
lard stearine quiet; New York, RS-
COFFEEThe local coffee market opened steady
with q show Of strength and prices were rs a
rule to points dearer but July was one point
lower with the hryt hah-hour Of trading prices
went to q bads to points higher than they
closed yesterday. This was due to the good aver
age Of European coffee markets, together with
nrnness in Brazil while Hamburg bought few
thousand bags of coffee in this market
Today's prices were follows:
The Washington herald., 1912-08-24
MERCHANTS WAGE
WAR ON PILRERERS
Detectives Placed in Department
Stores, Including Woodward &
Lothrop Establishment.

In an effort to safeguard its mem
bers from pilferers. the National Re
tail Dry Goods Association. Of which
Woodward & Lothrop are members.
has retained the William J. Burns De-
tective Agency for an extended period.
Mr.. Burns will personally supervise the
work. Mr.. Burns explains the purpose
of the work as follows:
1T is planned not only to catch
those who pilfer from members of the
association. but also throw about the
stores of the members of the associa-
ton a number of safeguards which
will tend to prevent depredations from
its members. 1t Is also their intention,
10 vigorously prosecute those who make
II a business to steal from dry goods
stores"
One of the most important phases of
the work, according to the detective,
will be the medium of photography.
and is thusly explained:
Those who are convicted of stealing
will be photographed and their pic
lures sent all over the country to the
various members and the Burns Agen-
cy will retain the photographs. Warn
! ings will be issued to look out for
| such persons"
While this will be one form of pro-
| lection. there will also be a system Of
| bulletins used extensively, warning the
stores of every theft that is committed
! Another widespread evil which the re-
| tail dry goods merchants want to cur
tail Is the passing of worthless checks
! Special attention will be given to that
| side of the work by the detectives
which have already been placed in
many of the leading stores throughout
! the country. Explaining this, Mr.
| Burns said:
These men are not the ordinary pri-
| vate detectives, nor are the methods
\ employed by these meh usually adopt
ed by the ordinary private detective.
| cannot, for obvious reasons. tell the
methods that are TO be pursued by
| these men"
! Every member of the association will
display conspicuously a sign bearing
the information that II is being pro-
tected by this detective agency.
| In the next few weeks" said Mr.
| Burns. I'VE will have perfected a sys-
tenn of protection which will make IL
extremely difficult for those who have
been making it business to rob dry
goods stores"
The Washington herald., 1912-08-24
WHEN RICH MEN DIE.

Copyright isi2 By c. II. Keys. New Yost.)
Two estates Of wealthy New York men
recently became matters of record.
They were left by Mr.. Edwin Haw-
ley. who was railroad man Of great
prominence. power. and wealth. and
Mr.. John 8. Huyler, a candy manu-
facturer. also esteemed a man of large
estate. Both men had been successful
business men and had achieved not only
wealth. but also substantial standing In
the business world.
reveal what almost any critic would con-
slider fundamental weaknesses When
Mr.. Hawley died estimates Of his wealth
ranged from s25.o 900 to $50.00o.o00. Under
actual appraisal the estate inventories
at something between s5,0oo.000 and S.
100000 It also develops that with ond
or two exceptions all his investments
were In the stock and bonds OF railroads
and other concerns with which he him
self was identified in a business capacity.
Almost all these properties are relatively
weak properties and their common stock
have little more than a nominal value.
1t is quite obvious. to one studying the
list. that Mr.. Hawley did not regard
them investments for safety. but
rather as business ventures for large
profits in the future. Stocks in this list
which have a par value OF about U.s.
100000 are actually worth something less
than s5.O00.00o. and most of them do not
produce revenue.
In Mr. Huyler's estate there are al
together about 10000 shares Of worthless
stock and about 100000 of personal PROM
issory notes which had no value. Twenty
eight OF these notes were signed by
one man. evidently a personal friend
OF course, the bulk of this estate con-
sists of the stock of his own company.
II is not intended to criticise either
of these men; for as has been pointed
out already, Mr.. Hawley regarded his
stock purchases as business propositions
and the list does not represent his judg'
ment OF a good investment for the aver
age man. Similarly. Mr.. Huyler may
have had very good reasons for ad-
vancing 10000 on personal notes, and
IL Is even possible that he may have
bought the mining stocks to oblige q
friend or some other perfectly good rea'
son. Without criticising In any sense
IL is quite permissible to use these two
instances as illustrations Of the way not
to invest.
II is the Judgment of conservative
men that the common stock OF weak
and sickly railroads are not in the In
vestment class. II may well be doubted
whether there are more than ten or
twelve railroad common stocks OF any
large amount in Shis country that can be
regarded as investment issues. When a
railroad has been developed past the dan
gerous construction stage and has estsb-
lished for itself certain standard OF
ca rnings Its stocks tends 10 become an In
The Washington herald., 1912-08-24
TO TAKE SPECIAL COURSE.

DIR. ID. Percy Hickling. chief OF the
psychopathic ward Of Washington Asy-
lum Hospital. has been granted special
leave of absence by the Commissioners
to attend an extension course IN nervous
and mental diseases, at Fordham Univer-
sity. New York. from September to ~.
Lectures will be given by some Of the
most noted authorities in these diseases
in Europe and America. Among the sub
jects treated are to be the study of men,
tai diseases occurring among the INDECENT
and criminal classes. in which branch OF
work Dr. Hicxling has been especially
interested for the last ive years.
Dr. Hickling will attend the courses
at his own expense and will leave sub
stituts In his place at the hospttAA
The Washington herald., 1912-08-24
REAL ESTATE TRANSFERS.

Rear Of O Street Northwest between North Capitol
and First streets-GeorEe Butt ct ux- 70 John
L Butt lots gl2 and 2l3. square 6l7; so.
LAnier Heights-warren W. Foster ct VI. to Jennie
T. Tuttle. lots rs and n; SO.
Sixteenth Street and Meridian Place-Ephraim c.
Totten to Margaret Totten and Ellen II. s.
Reinecker part lot D9; 500
Petworth-Clayton d. Gsyer It ux. to Harry Ward
man and Thomas p. Bones, lot o. square 81:
Se.
Randle Hishlands-U. 8. Realty Company to B.
H. Gabriel, lot Is. square s6D; SO.
Belair Heights-Henry lockwood ct al to Charies
f. Carui. lot !. block 2: $40
Humphries. lots 81 and g. square Sso2: sqo.
Fairiawn-oscar C. Brothers. jr, to P. Leberwitch.
lot 81, square sos; $se5
Fairlawn-Oscar c. Brothers. jr.. to Ernest l.
Adams, lot II, square sos: SIS
Fairiawn-Osczr c. Brothers. iir.. to 8. NJ. Healy.
lot 10, square 1ca; Se6
Fairlavn-Oscar G. Brotherx. JL, 70 John z
Taylor, lot = square 5a: -.
Fsiriawn-Oscss O. RvtAesl r., b Z J, Oessms
The Washington herald., 1912-08-24
COTTON MARKET.

ouotaticns furnished b. ". d Hibhs 3 o..
members Of the New Yort Stock Exchange. Hioos
Building.
New York. Aug 9.-The cotton market may b
cropping in the DARK but there is light Somewhere
which may illuminate the somber places and even
tuzlly point the way to something definite. Prices
are relatively low, that Is to say they are lower
than they have been. but when compared with
last year when the crop promise was much larger
than 1t il now, and when spinners' demand was
both immediate and insistent for prompt deliveries
IL NAV not be that current values be sus-
tanned and this Is what is troubling the trade
rather more than crop conditions.
The Liverpool market closed unchanged to N
points advance.
Yarns at Manchester were quoted ''oifer too low. .
cloths quiet. Only 5000 bales Of spot cotton were
sold in Liverpool yesterday in a dull market at
r,oints advance 10 Sos pence for middling.
The Washington herald., 1912-08-24
NEW YORK MONEY.

New York, Aus. 2.-Money on call at the stock
exchange to-day opened at gs per cent; highest.
"a; lowest "a; closing. "a per cent Most OF
the davis loans were made at 2s per cent
Market was very dull with rates unchanged frun
Thursday Some business was done in over the
year money at II per cent. but most institutions
held out for "a per cent
per cent for ninety days: 4arS per cent for four
months. and 4tsais rer cent for five and SIX
monthA
Commercial paper remains firm at 5a5ls per cent
for the hest names, most sales being at the
hirher figure
The Washington herald., 1912-08-24
FINANCE And REALTY

Bond and bank stock buying for In
vestment afforded the feature Of yester-
days session of tie Washington Stock
Exchange. American Security and Trust
was sold at sss "a, United States Trust
at l4s, and Riggs National at 500.
Potomac consolidated 5s, at los is,
formed the bulk of the trading In bonds
The Washington herald., 1912-08-24
Ff.hing steamer sink..

Chatham. Mass. Aug. 2a-A fishing
steamer was run down and sunk OF
Monomoy Point, Cape Cod. early to-day.
Whether or not the crew of thirty men
we're drowned cannot be learned.
A lobster fisherman discovered the
masts of the steamer sticking out Of the
water. The fog was very thick
The Washington herald., 1912-08-24
CHICAGO GRAIN.

Quotations furnished by W. B. Hibbs Z o..
members Of the Chicago Board Of Trade. Hibba
BuldinR
Chicago. Ans 2-t is expected that the visible
supply Of wheat win show goodly increase on Mon
day next and in addition to this. the Minneapolis
stocks Of that grain expected to increase instead
Of decrease from this time forward.
Net changes in the price Of wheat showed that
grain a. Nc better while corn was y to NC lower.
Oats were UNCHANGED to q small fraction on Close:
wHEAT-septemher. 1<; December. sss; May.
s63saH.
CoRN-september. s&: December. 81: May. Sx.
oATS-September, 52Sa3zh; December. IN; May,
The Washington herald., 1912-08-24
Big Fraud Alleged.

New York. Aug. 2.-Post-office inspec-
tors to-day arrested Claude ]. Van
Flyke. President Of the New York Gen.
trai Realty Company. and James NJ.
Robinson, secretary of the company. on
a charge of using the mails to defraud
in the sum of $4,000
Four officials of the company were in
dicted last month by the Federal grand
Jury.
The Washington herald., 1912-08-24
WEEKLY BANK CLEARNGs.

New York. Aug 9-Bsnk cleartnss IN the
limited st,tes for the week ending August ?,
aggregates Sas3s $500 against 2.95.S5.m last
week, and s, sB. .oeo.ooc in this week last year
Following are the returns for this week. with
percentages Of change from this week last year:
The Washington herald., 1912-08-24
MARKETS. FINAN Ii - OMMERCE
WASHINGTON STOCK MARKET,

ssles-Reuaisr cali. u O'Clock noon. ].
Capital Traction So, s1.0oo at nj. 500 at 1lix.
Potomac cons. s, 500 at lGk-
Washington Railway and Electric pref. At M
at s.. 2 at s4k-
Risp National Rank. at 600.
American Security and Trust. % at 3e&.
United States Trust. at ~.
GAQ R0NDA
The Washington herald., 1912-08-24
GOVERNMENT BONDS.

New York's Staten savings banks con-
tain S1.sz7, co., 81 In depositE
The Washington herald., 1912-08-24
BOSTON COPPER STOCK.

Quotations furnished bs W. B. H-bos 3 Co.. meR
per, Of the New York Stock Exchanse. Hibbs Build
The Washington herald., 1912-08-24
CURB MARKET.

ouotations furnished by W. B. Hibbs Co. men-
bers Of the New York Stock Exchanse Hiobs Build
inc
The Washington herald., 1912-08-24
NEW YORK STOCK MARKET.
RAILROADS.

Quotations furnished by W. B. Hieys Co.,
members Of the New York Stock Exchange. Hibhl
Ruildin-
The Washington herald., 1912-08-24
The Safest investments

Are those that do not nuctuats during dis
turbed copditions Of the money ox stock mAs-
ketA First deed Of trust notes tfrst mort
gasss), well secured on real estate In the Dis
trict Of Columbia. constitute "gilt-edgs" In
vestments. They do not depend upon the
financial responsibility Of individuals of cor
porstions for their stability. and are exempt
from taxation as personal property. We can
supply such investments In amounts from SO
upward. Send for booklet. "Concernins Loans
and Investments.
The Washington herald., 1912-08-24

pROPOSAIS FOR MOVING AND EREGTING
p;,rs ,;u he received until . O'CLOCK p. NJ.
AUGUST %. 1872. at Room 5os District Building.
whore sreciHcatious and particulars may be obtained
JOHN A. JOHNSTON. z. VI Markham tAetno'
Cor,,r,.,;oners Of the District of Columbia.
auciBG
The Washington herald., 1912-08-24

SCTrD PROPOS,LS IN TRIPLICATE, WILL
be received at the ofice Of the Division Of sur,
rIies DEPARTMENT Of CenmcrSs and Laoor un.,i M,
for tn. laundering Of towels. &c, during al, 1hs
Tl,I. for rroppsalS with specihrations will be
furnished ur5n application to the Division Of snI-
PLIES Drrartment Of Commerce and Labor Mssh-
ington. n. G. au9Z-s
0EEICE OF THE COMMISSIONERS OF THE
District of Columbia August 2. 1917 Sealed
proposals will he received at this onies Until
ussbinc and delivering T. o. b Washington. d. e..
ascoo0 pounds more or less zig lead Omaha 7
This city Specifications and form o. nrurosal msy
be obtained from the @ PpTshasins ,0roI 0nlssyr q
NJ MARKHAM tActine). Commissioners. ID. q.