davidaulloa/AmericanStories huggingface dataset:
Meade County news. [volume] (Meade, Kan.) 1900-1918, 1913-05-01
THE PANIC :
OF 1907
Findings Of Pujo Committee
Investigation
BY Congressman Neeley

VI mOHtuS pIeCeuluSS lnS |
panic of 1907, a periodt of unpre-
cedented speculation had been
rife on the New York Stock En-
change, Fanciful schemes had |
been exploited to the limit, and
this, coupled with a quarrel be-
tween two prominent finaIciers
precipitated runs on several New
York banks, and the trouble was
on.
Our com mittee found that on
the morning of October %, 1907,
the Treasury department at
Washington conditions on the
stock exchange in New York.
the Secretary of the Treasury,
Mr.. Cortelyou, promptly advised
the director of the sub-treasury
| in New York to take So, 100000
of government money from the
sub-treasury and deposit it in
six designated banks. This was
done and the secretary left that
afternoon for New York City.
He was met at the Union station
by the director of the sub-treas-
ury and taken to the Hotel Man
haitian, where he held a con-
ference for several hours that
evening with number of Wall
street brokers and financlers,
including Morgan, Stillman,
Hepburn, Cannon, Baker and
| Perkins.
When the stock exchange was
Opened next morning call money
was quoted at SIX per cent,
Within an hour it had Jumped to
sixty per cent, then on up to so,
100 and 120, but none was to be
had. Scenes of widest excite
ment ensued. Speculater after
Spectator was forced to the wall.
Stock exchange gambelers wildly
rushed hither and thither, plead
ing and imploring for help to
save the balance of their rapidly
slipping paper fortunes, and fl
naly, the president of the stock
exchange, Mr.. Thomas, went to
the president of the City Bank,
Mr.. Stillman, and asked for S25,-
000,0 to stem the tide. Mr..
Stillman advised that the matter
be taken up with Mr.. Morgan,
and forthwith made an appoin-
ment by telephone. Mr.. Thom-
as Immediately went to Mr..
Morgan's Office where he found
the stock exchange brokers and
fnanciers already in conference.
He was obliged to wait some
twenty minutes until the con-
ference ended, and when Mr..
Morgan came out he stated: We
are going to let you have $25,000-
600; go over to the exchange
and announce IT." and asked Mr..
Thomas if he had any suggest
ions to offer. Mr.. Thomas re-
piled: There is only suggest
ION, Mr.. Morgan, would like to
make: That y ou divide this up
among several people, as | think
it would have a better effect in
bringing in money and meeting
the emergency" Mr.. Morgan
replied. That is good sug-
gestion;" and shouted: perkins
divi de that up in lots among
several people,"
Mr.. Thomas Immediately re-
turned to the exchange and an
nounced 10 the assembly brokers
who we're in frenzy of excite
ment: "Be perfectly calm, Il
haven't any money, but relief is
coming, you can depend upon
i it." And in less than five min
utes the Morgan representatives
were on the floor with the money
and the panic was allayed.
Meade County news. [volume] (Meade, Kan.) 1900-1918, 1913-05-01

Miss Etna Thompson closed
a successful term OF school at
Lakeland last Friday and has
since been visiting in Meade.
Meade County news. [volume] (Meade, Kan.) 1900-1918, 1913-05-01

ed, as they have been IN times
past, for punitive purposes.
Some Stiff Requirements
Section five of the bill provides
that the charter or articles of as
sociation'or the law under which
the association is organized must
prohibitit and its officers from
attempting to control or influence
its mem mbers in the conduct of
their business, except as ex-
pressly authorized by its char
ter and from making or attempt
ing to, make or enforce any rate
regulation, or agreement on the
following subjects; The re-
striction or regulation of CON-
petition between the members
of the association; the fees, COM
missions, or other compensation
charged for collection of checks,
drafts, notes or bills of exchange
drawn on banks or trust COM
panies that are not members OF
the association; the rate of in
terest or discount chargeable or
to be charged on loans or dis
counts to or tor customers OF
others; the rates Cf interest tC
be allowed members ondeposits
and rates of exchange.
Provision is also made for the
appointment by the comptroller
of the currency of official exam
iners to investigate the banks
connected with any clearing
house at the request of the clear
ing house association.
Meade County news. [volume] (Meade, Kan.) 1900-1918, 1913-05-01

The High School track team
will go to Cimarron Saturday to
compete in the Inter-County
Meet.
Meade County news. [volume] (Meade, Kan.) 1900-1918, 1913-05-01

Tuesday evening, March p,
Mr.. and Mrs. F. G. Holderman
were pleasantly surprised by a
number of their friends, the
event being in honor of their six
teenth wedding anniversary.
The unexpected guests at once
took possession and an elegant
supper, prepared by them, was
soon brought forth. A pleasant
evening was spent, in which
music, social conversation, and
games played prominent part.
Meade County news. [volume] (Meade, Kan.) 1900-1918, 1913-05-01

That evening another long
conference was held at the Man
haitian Hotel between Secretary
Cortelyou of the treasury de-
partment and the Wall street
brokers and fnanciers, at which
it was agreed that the money
advanced by Mr.. Morgan and
his associates that day should
be replaced by money taken from
the sub-treasury of the United
States, and about 11:30 o'clock
on the morning of October oath,
they took SIS, 100000 of the peo-
ple's money from out of the
treasury of the United States
without warrant or authority of
law, and loaned to Morgan and
his associates who had made the
advancement to the Wall street
GAMBLERS on the previous day.
without the payment of a cent
of interest or any other consider
alton whatsoever; and before 3
O'Clock of that some day they
took Sill, 100000 more of the
people'e money from out of the
treasury Of the United States
making in all forty-two million
good American dollars teken
directly from the treasury of
of the United States within
period of three days, practically
every dollar of which was used
by these gambelers and specut
ators to control the prices OF
stocks, bonds, and com moditles
in this country.
Mr.. Cortelyou testified that he
understood practically all of the
money was loaned on the stock
exchange, and If that is true,
and during this abnormal period
of extreme scarsity of money it
brought but ten per cent, it net
ted the men who conceived the
plan of having the government
finance the stock speculation and
gam bling operations of Wall
street, more than $4,000 per
day, without the investment of a
single cent or the payment of
anything whatsoever. There
has never before been time in
the history of this country when
the Interests" have been power
full enough to swing wide the
doors of the federal treasury,
and help themselves to the ma
TONS store, to further their own
nefarious schemes. 1t is for the
people to say as to whether this
shall ever be repeated.
(The California Petroleum
Company next week.
Meade County news. [volume] (Meade, Kan.) 1900-1918, 1913-05-01

The Old Veterans and the
city schools will unite in observ-
ing Memorial Day this year, ow-
ing to the fact the last day of
school falls on that date. In the
morning the graves of the Vet
Grams will be decorated. In the
afternoon the usual exercises
will be held at the opera house,
and in the evening the Com
mencement Exercises will take
place.
Meade County news. [volume] (Meade, Kan.) 1900-1918, 1913-05-01

Very few of our readers have
ever had the opportunity of vis-
iting Monte Carlo and its world
renowned Casino. It's history is
remarkable, and is full of ro-
nance, as well as tragedy and
pathos. Here vast fortunes are
won and lost in a single night;
here hearts are broken and
homes blighted, and here is
sown the seed that ultimately
brings manv wrecked and
ruined life to a suicides grave.
Now that public sentiment
against the resort has grown to.
such proportions that the gov
ernment may be compelled to
close it up, it becomes of more
than ordinary interest, and IN
order that our readers may un-
derstand something of the nature
of the place, we are printing in
this weeks issue four-column
illustrated article from the pen
of Harold J. Shepstone, and hope
all will avail themselves of the
opportunity of reading it.
Meade County news. [volume] (Meade, Kan.) 1900-1918, 1913-05-01

N. A. Collins, who was former
ly employed at the Rock Island
depot here, is now filing the
position OF night operator at
Wellcford, Kansas. Nick, as he
is better known, has many
friends here who, along With
The News, wish him success.
Meade County news. [volume] (Meade, Kan.) 1900-1918, 1913-05-01
NEELEY is
AGAIN BUSY
Has introduced Two Bills
Relating To Currency
From Hutchinson Gazette.

Relating To Currency
From Hutchinson Gazette.
Washington. D. c., April 20
Representative George A. Neel-
ey of Kansas has introduced in
the house two bills relating to
the currency system of the
United States that are attracting
wide attention in the east and
are being made the subject of
much newspaper comment.
Mr.. Neeley was a member of
the house com mittee on banking
and currency which conducted
the recent investigation of the
money trust.
This investigation, which was
exhaustive in character, revealed
an urgent need of Legislation to
correct certain abuses, and Mr..
Neeley's bills, it is declared by
financiers and others posted as
to the matter, will reach the
evils thoroughly and effectively
as they are carefully drawn and
cover all details.
To Prevent Fraud
The first bill is aimed to pre-
vent fraudulent and harmful
transactions on stock exchanges,
through the medium of the mails
the telegraph and the telephone.
The bill excludes from the
mails letters, circulars, and
printed matter concerning trans
actions in securities sold or Of
fered for sale, or executed or to
be executed, or that are listed or
quoted on any stock exchange
unless such exchange has been
incorporated under the laws OF
the state in which it's business
is conducted or unless satisfac-
tory proof can be furnished the
postmaster general that the
charter and bylaws of such ex-
change or the law under which
it is organized contains regula-
tons safeguarding the traDsac
tions of such exchange, the char
acter of securities dealt in there
on, the genuineness of its quota
tions, and all other information
concerning such transaction that
is to be carried through the
mails beyond the limits of the
state of organization of such ex-
change against fraud and deceit
in certain prescribed particulars.
Clearing House Regulations
The regulation of clearing
house associations is the pur-
pose of Neeley's second bill.
During the recent money trust
investigation the fact was de-
veloped that the clearing house
associations of the country are
not subject to the control of
state or federal government nor
subject to judicial review. Rep
resentatives of these associa-
tlons openly declared at the
hearings that they are not re-
sponsible to any municipal, state
or federal authority. Out of
this condition abuses have de-
veloped that call for correction,
as was shown at the hearing, and
Mr.. Neeley's bill provides a
method for regulating these con-
Germs.
First of all, 1t requires that
each clearing house association
shall be incorporated. Next, it,
makes all clearing house asso-
Citations subject to the comptroll-
er of the'currency, as are nat
ional banks. Strict provisions
are carried in the bill regarding
mem bership in the clearing
house associations, with a view
of preventing the exclusion from
these associations of banks that
meet all tine requirements but
The enterprise. [volume] (Harlem, Mont.) 1899-1926, 1913-01-23
RASH ALMOST COVERED FACE

Warrenville, or have felt the
effects of blood poisoning for eighteen
years. was never without some srup-
tions on my body. The terrible Itch
ing caused me much suffering and dis.
comfort, while the rubbing and
scratching made 1t worse. Last spring
had a terrible breaking out of bis
terry sores OH my arms and limbs. MY
face and arms were almost covered
with rash. l could not sleep and lost
nineteen pounds in five weeks. My
face was terribly red and sore, and
felt as if my skin was on fire. At last
tried q sample of Cuticura Soap and
Cuticura Ointment and I found them
so cool, soothing and healing, that
got some Cuticura Soap, Cuticura
Ointment, and Resolvent. I bathed
with hot water and Cuticura Soap,
then applied the Cuticura Ointment
every night for two months, and I am
cured of all skin eruptions.' (Signed)
Mrs. Kathryn Kraft, Nov. %, 1911.
Cuticura Soap and Ointment sold
throughout the world. Sample of each
free, with 32-p. Skin Book. Address
postcard "Cuticura. Dept. L, Boston"
Adv.
The enterprise. [volume] (Harlem, Mont.) 1899-1926, 1913-01-23

square stares into a hodge-podge of
races whose Americanism has barely
begun to be made" There is French
church on the south side of the square,
and settlement kindergarten whose
pupils are Italians and Slavs and Rus.
sian Jews. A Norwegian artist has
a very wonderful studio on the same
side, and next door to him live a
sturdy American from San Francisco
whose flat is sometimes shared by a
friend who is half Indian. There are
Irish policemen on the corners, but the
order to keep off the grass" read
"Conservate Erbi' in the square. And
of this mixture of nationalities tho
trades people thereabouts are we'll
aware.
For on West Broadway, just south Of
the square, is a most enterprising
apothecary, who filings his American
sign Drug Store" invitingly toward
the north. Looking southwark and
cast is the announcement that the
shop within is "Farmacia Italiana. I"
Toward the west one reads that this
is a "Farmacie Francaise." And in
small letters on each sign one can
read, 1t one looks hard, the name of
the proprietary. Strocewicx."-
New York Times.
The enterprise. [volume] (Harlem, Mont.) 1899-1926, 1913-01-23

dren being sacrificed to the Sacred
Cotton Bale down south that might
be saved by little concentrated phil
sweat shops and factories are claim
ing an occasional girl victim in OUT
free and happy land-not to go any
farther. If Mr.. Balm would burn and
melt and get weepy over a few thou
sand expressions and body and soul
starvations in the United States-and
then take off his shipper and his frock
coat and black necktie and get busy
might be stronger for him."
Mrs. Merriwid's color had heighten
ed and she spoke with unusual earn
estness. mot that I'd grudge two
dollar subscription now and then to
the Bubonic Baboos of Bombay if
thought that they needed it worse
than the tenants of Trinity church"
she continued; "but these societies of
the Bunny Browed Benefactors of An.
tipodean Aliens give me a sensation
of lassitude, and when it comes to
picking husband, want a man who
will clean up our own. back yard be.
fore he takes his muck rake and
wheelbarrow over into the next
block. That, in effect, is what I'm
writing to Mr.. Balm, auntie, dear"
"Very we'll, my love-" said Aunt
Jane, resignedly. "Pray excuse me
for interrupting you. Only the charity
that begins at home usually stays
there
tits g. pretty good place for it to
stay at that" replied Mrs. Merriwid.
II don't know anywhere that it's more
needed"
Copyright, 1912, by W. G. Chapman.)
The enterprise. [volume] (Harlem, Mont.) 1899-1926, 1913-01-23
PAul's BIG DEAL
Wins Fortune and q Bride
Through Well Timed Specu|a-
ton in Grain.
BY GEORGE ELMER COBB.

Get out and stay QUIT" yelled old
Peter Griscom, irate and aggressive.
And never come back again!" he
yelled additionally after his manager
that had been, but was never to be
again.
Paul Burton took it all quietly and
without resentment. It was a rude
dismissal, but he was used to the old
fellows furious ways.
Il am sorry, Mr.. Griscom," he said
simply. Certainly, however, I have
not exceeded my instructions"
"EXceeded!" shouted Griscom.
3sWhy, you've acted like an idiot. Here
leave you, on the first vacation of my
life for two weeks. ! come back to
find that during my absence, for the
first time in six years, wheat Jumps
up to so. You knew that l had forty
thousand bushels in the elevator,
bought at GO. Think of it, Sixty
eight hundred dollars profit! And you
sat by like a stoughton bottle, and let
the golden chance of lifetime go bly,
Here wheat has dropped to IS, and
may go lower. Oh, I'd like to fight
somebody!"
you left no orders to sell, sir" re-
minded Paul.
II won't talk about it. Get out
Stay out!" and old Griscom slammed
the door of his office. and Paul Burton
went his way.
eff it wasn't for Edna" said the
young man to himself, this would be
almost amusing"
Yes, Edna was an element to con-
slider. She had been away with her
father on his vacation, and more than
once Pauls heart had hungered for a
sight of her bonny face. Now flare
up had come. He was "fired"-igno-
miniously, and the girl he had secretly
loved was a thousand miles away
from him, SO far as any hopes of win
ming her We're concerned
Paul Burton, grain clerk in Chica-
60 board Of trade house, had come to
The enterprise. [volume] (Harlem, Mont.) 1899-1926, 1913-01-23

Easton early in the spring, ordered
by his physician to get employment
where the air was pure and sylvan
life boon. He had just fitted in as
bookkeeper for the small country ele.
vator business of Peter Griscom.
When the big price bulge came he
was aware that the chance to make a
small fortune was at hand, but he
dared not act on his own initiative.
Paul hung around Easton the rest
of the day, hoping for sight of Edna.
The next morning he went to another
village BY the end of the week he
had made a circuit of all the county
towns, but had not found employ.
ment
'"The reserve cash is getting decid-
eddy low" he said, as he went to his
room at a little village hotel one
night. "Well, I've got my old rugged
health back, anyhow. I suppose it's
the humdrum Of the city again. After
Easton! And after Edna! All, met"
Thoughts of the ideal to whom he
had never told his love kept Paul
wakeful. He found he could not
steep, and got up and sat by the open
window, watching the moon and con-
tinuing to think of the sweet, innocent
face that it seemed he could never
| forget.
Suddenly his attention was called
to a noisy tumult in the next room.
Two persons had entered it. They
seemed to be strangers on their way
to the city after a long western trip.
Paul could not help but hear what
they said. AS he did so his mind be-
came intent.
SWELL wait till we get to the city
before we write up our reyort?" asked
! one of them.
"Yes,'F came the definite reply.
There are SO many notes and memo.
randa TO look over, it will take time
and a quiet place. say, there will be
some scrambling when the govern
ment issues the wheat crop bulletin"
II should say So" came the answer.
"Why, in the two states alone that !
covered the wheat yield is twenty yer
cent. short"
II have the data for three states"
remarked the other. 1T shows up,
with blight and rust, nearer thirty
per cent"
"Prices will go up"
Eyes, that is certain"
And then the two men went over a
lot of details immensely interesting
to the listener. Paul realized that un-
expectedly there had been disclosed
to him facts regarding the coming
CROP report that were Of immense
The enterprise. [volume] (Harlem, Mont.) 1899-1926, 1913-01-23
MELISSA BELIEVES IN HOME.
GROWN CHARITY.

Mrs. Merriwid was sitting at her
desk with the mother-of-pearl end of
a pen between her teeth and her fine
eyes directed to infinite renloteness,
when her maternal maiden Aunt Jane
broke in on her reflections.
care you going to give Mr. Balm a
check for the Hindoo Anti-Caste so
ciety, Melissa" she inquired.
Mrs. Merriwid laid down her pen
and picked up letter, at which she
smiled in her most inscrutable Mona
Lisa manner. I'm going to give him
check. Yes, DEAR" she replied. Then
she added, "But not for his Hindoos.
It's more Of checkmate to q PROPOSE
ton for helpmate. l was engaged in
declining an engagement, to be more
explicit-nipping the idea of nuptials.
In other weras, ever since Mr.. Balm
turned up, : have been deciding to
turn him down, and he's just called
for decision. Do you get me,
dearie?"
II suppose I understand" said Aunt
Jane, "but I must say"
II know it," sighed Mrs. Merriwid.
"You can't help it. You are going to
tell me that ought to consider it a
privilege to help Mr.. Balm to relieve
the suffering and suecor the oppress-
ed, and that he's noble, high-minded
and benevolent character It's true,
too and likewise, it's too true; but
you see, honey, I'm not a Hindoo nor
am I Chinese famine victim nor a
Solomon islander. I am not a resident
of Kishinev, or whatever it Is, and
was never nearer rubber plantation
than the plant in Uncle Johns front
widow on Calumet avenue; conse-
quently, I couldn't expect to be
ameliorated or relieved or rescued,
which I might want to be; there's no
telling"
tits all very we'll to sheer at
worthy Objects" said Aunt Jane,
warmly, 'but can't imagine anything
finer than Mr.. Balms devotion to the
cause of humanity. When 1 think
how he gives up his entire time and
The enterprise. [volume] (Harlem, Mont.) 1899-1926, 1913-01-23
RACE OF PYGMIES INTEREST
In People Recently Discovered in
Papua, Scientists Sec connee-
ton With the Stone Age.

In a race of pygmies recently dis
covered in Papua, scientists see an
other connecting link between the
average savage races of today and
primitive man of the stone age. Ia
piro is the name given to this pygmy
race. The men are extremely small
but well nodded, strong and active.
In contrast to the Papuans, they have
stOcky, Well-made calves instead of
the thin, straight legs of their neigh
boSs.
Unlike most savages, they do not
practice tattooing Or cicatrization.
Tll.ir needs for comfort are few. Each
man may carry all his portable prop
erty in a sort of haversack, which is
slung over his shoulder. This contains
his sleeping mat, fire stick, rattan for
kindling a flame, tobacco ana other
odds and ends.
They are remarkably skilful in hew.
ing rough but absolutely balanced
canoes from the heavy trunks OF
trees. The craft are beautifully cary,
ed aud are propelled by paddles with
long shafts and wide blades. Skilful
as they are in the making of canoes,
their only implements are stone axes
and bone knives.
In disposing of their dead they
wrap the body in mats and place 1t
in a rude coffin usually constructed
of broken canoes. The coffin is raised
on a sort Of trestle and left until de.
composition is complete. The skulla
Of the dead are kept by their rela-
tives and friends and in short time
become worn smooth from handling.
The enterprise. [volume] (Harlem, Mont.) 1899-1926, 1913-01-23
S|;s|sD IoD % % ~ a., 81 AIss +
6s;201$eA; aASSssI Wv 81 st
& z q z Elk q ssS
Stops Coughs . Cures Colds

FOR SALE OR EXCHANGE FOR LAND IN
Mnnesota-320 a. in McHenry Co.. N. H., 900
a. cult, +. house, barn, outbldgs., etc. G.
NORMAN, RALFOUR, N. OAK.
household specialties wants a represe NJ a tive
for exclusive sale a large business cen hs
worked up. smitl, Mfg. Co., Mansfield. OhSeA
The enterprise. [volume] (Harlem, Mont.) 1899-1926, 1913-01-23

When woman suffer-:g from some form of feminine
disorder is told that operation is necessary it of course
fnghtens her.
The very thought of the hospital operating table and the
surgeons knife strikes terror her heart and wonder
1t quite that of these troubles may reach stage
where operation is the only resource but thousands Of
women have avoided the necessity of operation by taking
asted by the grateful letters they write to US after their
health has been restored.