davidaulloa/AmericanStories huggingface dataset:
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-06-15

genuine adverse condition Yet
they ask us why II ie that, some
how, some people seem to feel
fidgety and apprehensive.
For the life Of me, with mag
nificent crops IN prospect, with
real estate values firm, with mer-
chants selling goods 10 beat the
band, with everybody making
better wages than he ever before
madc-Tm hanged II know why
anybody should be scared!
you recall how, a few years
back, when the automobile busi-
ness began 20 assume gigantic
proportions. a great wall went up
here and there that the autOmO-
bile craze might ruin the country
II we didn't watch out.
1T was said that people were
mortgaging their homes by the
wholesale throughout the nation
TO buy automobiles that wouldn't
last long, anyway
We'll. ! got nervous about that
thing myself ] thought II was
pretty bad, n people were mort
gaging their homes all over the
country TO buy automobiles.
Few Mortgaged Homes.
THAT 'goberlin' didn't get us,
however, for calm, deliberate in
vestigation disclosed the inter-
esting fact that the charge wasn't
true-not even fractionally true.
Less than per cent 81 the auto
mobile owners mortgaged their
homes To buy machines--yet the
story had grown as It went, like
a SNOWFALL rolling downhill, until
the alarmists had practically
everybody mortgaging his home
to get a machine.
How silly that all looks now.
And yet people, somehow, did get
automobiles - and presumably
most Of them have been paid for,
for surely to day the automobile
business is one Of the greatest
businesses in the world.
Il mention this matter to show
how sometimes the most absurd
things tend to upset the conf
dence People should remember
that money Is pTuvrrbially timid,
and while ] do not feel that it
always Is as timid as II gets credit
ARt bNAAAhs wv htAahfN AAtAAN 49,
mistic talk may bring about pes
simlstic conditions.
Now, I am starting for a pleas
ure trip to Europe. ] have never
been across the waters. and II has
been many a day since | went
away from my business for three
or four months ! have varied
interests, In all sections Of the
country, and l avn associated
heavily. in one way and another.
with many people. Does il stand
to reason that / would make this
European journey now II l. at
least. were not perfectly salts
fed that things are In fine shape.
and will be In as fine n a1t better
shape when l get backf
so far as I am able to Judge,
there is no reason for apprehen-
sion-on the contrary, there is
every reason 10 look forward con-
fidently TO additional prosperity"
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-06-15
clerks acting as dummies. began 30

clerks acting as dummies, began 20
totter
Morse could not make good on a
loan Of $500. 900, and a federal inves-
tigation began. resulting In an In
dictment against him for violation 81
the banking laws, and his subsequent
conviction and sentence to fifteen
years Imprisonment.
Now he has begun again. He is
still fighting for mis- health, and ap-
pears at his Wall Street office only
three or four mornings a week. With
him in the office are only his son,
Harry, and a stenographer.
Nobody knows why Morse returned
to Wall Street after his misfortunes.
Many believe that he is there for a
purpose, but he will not tell. His
ambition seems undiminshed and
his strength seems equal in spite Of
the verdict pronounced by physicians
when Morse was in the Atlanta pris-
on, to his hopes.
Charles W. Morse is coming back.
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-06-15
GREAT PACKERS ESCAPE
ASSESSORS PEkALlZiNG

CHICAGO. June l4.-Appraissls of
the stock yard packing plants by the
board OF assessors show that none
Of them was penalized and that Swift,
& Co. has returned the largest full
valuation The valuations as made
by the various companies are Swift
& Co. S3,l5B.7a1. Armour * Co. So
SIS 900. Morris x Co. Sg2u.o 600. SUI
berger & Sons Company. S5Z5.u09.
Libbey. Mcneil & Libbey. $3.50 .000.
AuEIo-AmeriCan Provision Company
$500 600. and North American Pro-
vision Company. SZ007So.
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-06-15

admitted that he had been offered
the post OF Ambassador at Berlin ana
said he refused IL, despite the fact
his wife had urged him to accept
MIR. Spreckels made the statement
for the purpose OF putting at rest
the numerous rumors concerning his
possible connection with the Ameri-
can diplomatic service which have
been circulating in the American
colony in London recently.
Years ago ! announced my irrevo-
cable determination never TO accept
public office either by appointment or
election" said Mr.. Spreckels
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-06-15

him but a little while to live. The
book of Charles W. Morse seemed
closed. To him remained only a de-
voted wife and friends.
Pardoned After Two Years.
After serving two years. Ne was
pardoued by President Taft. who was
assured that Morse would live only
a year, and with the physicians SEN
tenCe Of death upon him. the broken
banker went TO Europe.
That was January Is, 1912. Today
he is back in New York. his ia ce
rudy, his jaw tight. He is presi-
dent of the new Morse Securities
Company. he has the backing Of an
5000, 600 corporation, he has credit,
and Wall Street is beginning again
TO feel his firm grip on the situation.
Charles W. Morse. it is prophesled
In financial circles, is coming back
into his own.
Il is considered marvellous. too.
Morse is an old man. BY all laws Of
men and Of DR.. OsIer. regeneration Of
health and of business station would
have been impossible 10 the ordinary
man past sixty years old. But, al
though not the power he was before
the crash came, he has a foothold IN
his old world. and there areaSome who
believe he can recover his old posi-
ton.
His History Is Thrilling.
II his past career is repeated. il IS
likely that he will The story Of
Charles W. Morse is remarkable and
thrilling The story Of his fall from
high estate is as remarkable. There
is something in the story that Is
analogous TO the adventure Of Ma
poIeon. by quick successive steps
Morse rose in the business world -
leadership. by "a single Waterloo he
fell Atlanta was his St Helena.
But. unlike the great Bonaparte, he
may regain his place.
Morse was well along in years
when. in 1S9S. the public first began
to hear Of him In the twelve wears
that followed. he furnished more
stories. Of frenZieG finance than any
other six men ever have done. FRS
ne organized the American Ice Com
pany. and subsequently a larger ice
combine. Then DE acquired a string
Of banks after the panic period
meantime GahhlinE in inGustriais.
and AT one time had eighty-one
ocean going steamships. and a num-
Der Of smaller boats plying the HUI
SON river Iu 1908 DC had won praC-
teal control or corporations whose
combined resuur,. s. were more than
$500 600 600. r. was this position that
Dee occupied when the crash came.
An instance " the remarka bic
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-06-15

lion. But when competitors got their
ice to New York, they found that
Morse had closed every dock to them
American Ice went up to 80. and
the company prospered exceedingly.
Then the stock began to drop. Morse
got out as active manager, and re-
manned quiet until the public indig-
nation over the price of ice cooled.
Then he organized the Ice Securities
Company, taking in American Ice and
others, paying Z per cent on pre-
terred, and sending the price Of stick
nom 81 to 90 in less than a year
In 1907 the company's stock
dropped from Sc to S1a. Morse had
sold out just before the crash came.
Begins Picking Up Banks.
he began picking up banks, until he
had a string. After the panic Of
1907 he got them by the simple ex-
pedient of pledging the stock of one
bank as collateral for his purchase
of another. He bought the Peoples
line of steamboats, from New York
to Albany, and later all the lines
from Boston TO points northward
Next he bought the Metropolitan
Line, and ordered the Yale and Har-
ward built at a cost Of 81 900 600 each
Before long he had other steamers
on the Hudson. Then he bought the
Clyde and Mallory lines. All the
time the banks he controlled were
lending huge sums on the securities
he was buying.
Morse and the Heinzes and the
Thouases entered the United Copper
pool, and sent the stock up 20 points
This pool was fatal to the Morse
fortunes. Somebody entered the mar
ket with a lot Of stock TO sell just
when the pool seemed a success. The
Heinzes say It was Morse who, al
though bound by an agreement not
to sell, began to feed the market. 10
ii was Morse. he waited too long to
unload The pool collapsed with
surprising rapidity, and the bank OF
North America, which had loaned
Morse millions on notes made by
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-06-15

powers OF the man is exhibited in the
fact that, although his personal
debts when he first was arrested
were 100000. he reduced this by
S.. 700, 900 while he lay in the Tombs,
and by the other $1,000. 600 soon after
he came TO Atlanta, a prisoner. Now
he is free from debt.
Here is told briefly the story of
his financial recuperation:
Morse has numbers Of friends in
Bath, Me. a city for which he has
done much, and where his name -
not to be mentioned in connection
with illegallty. There they consider
that his troubles all came through
technical violations OF the law. Any
how, the banks and trust companies
Of Bath are ready to back Morse.
They probably did help him to get on
his feet. Then, certain members OF
bis family have money. and they lent
him $4,000 shares Of stock in the
Hudson Navigation Company. when
he pledged in the acquisition Of the
controlling interest in the company.
He did not have to put a cent Of his
own money itno the venture 10 get
control.
Gets Shares From Kindred.
He had $4,000 shares from his rela-
tives. A syndicate composed Of John
W. McKinnon, who had been presi-
dent since Morse was deposed in
1910. G.. z. Shaw, his partner; La
denburg, Thalmann and Company;
George r. Sheldon. and others had
10000 shares.
There are 10000 shares Of stock
outstanding The market price was
SIS a share. Morse bid S25 for il,
and got it In the same brisk man
Of rlN~ 10 hsa 81 he
deal, put up the 5000 shares Of his
family for security for the purchase
Of the syndicate's 10000 shares. He
thus controlled $4,000 shares, and IL
most all the other stock is in the
hands of persons friendly 10 him.
The stock has paid no dividen
since 1907, but now that Morse is in
charge. no one fears. He viii make
il do anything. his friends and ad-
mirers confidently believe, just as ne
made the American Ice Company be-
have in 1907.
That was a great achievement. as
modern business methods so. He
made the American Ice Company paw
huge dividends until he let ii go.
when the stock fell from nearly par
TO less than 10.
Corners the Ice Supply
To first become a power in the ice
business. he went TO Maine and cor
nered the supply Of ice there. Ice
companies had 20 buy their ice from
him at his price. Some OF them die.
but couldn't pay for SO. and Morse
took stock In payment That gave
him control Of the companies When
he formed the American Ice Company
with a capital Of $50 .000. 600. he seat
the price OF fee up 20 So cents a hum
dred al the piers inviting COMPETE
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-06-15
Military MinStrelS
At Marist College
Miss Hazel Massa and Mrs. Frank
Pearson Score Success in Co.
G.'s Annual Show.

A unique and entirely original pros
gram was presented by Company @
of the Fifth Regiment National
Guard of Georgia, at its annual min
strel show in the auditorium Of the
Marist Military College Friday night.
]. L Harrison, Jr., was interlocutor,
and the end men were s r. Dull. Jr,,
Frank Pearson, Bernard Kane and NJ.
r. Turner. Others partici. dting were
Flew Johnson, Paul Fields, Bennie
Cleyburne Captain f. R. f. Schmidt
and Messrs. Wildly, Stephens, Wal
lace and Maurer
Miss Hazel Massa. IN character
songs, and Mrs. Frank Pearson were
especially pleasing in their numbers.
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-06-15
Folk Song Lecture
By Negro Musician
Leader of Chorus In Colored Music
Associations Annual Festival
to Speak at Church.

Professor John w. Work, Of Fisk
University, Nashville, Tenn, who is
to have charge of the chorus work in
the fourth annual music festival Of
the Atlanta Colored Music Festival
Association. will give an address at
the First Congregational Church, Col
ored, Sunday night on The Folk
Songs of the American Negro"
Professor Work is writing a book
on this subject He is accompanied
by his wife, who will sing one Of the
folk songs, You May Bury Me in the
East"
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-06-15
Fair Visitor From
Up East Swings Cane
Terminal Attaches Gasp as Girl Pas
senqer Parades Station With
Walking Stick.

There Is something new under the
sun, and four people-two young
women and two young men-who got
OF the Southern train from New York
at the Terminal Station Saturday
evening. showed Atiantaus what il is.
When they came mp out Of the train
sheds into the waiting room Terminal
Station attaches gasped and looked
again.
For one Of the young women car
rie5 a cane.
Yes. sir, She twirl,d the ivory
PeaChJrae beau ON dress parade.
tipped stick just as j8uutiy as any
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-06-15
GERMAN GIRL HAS TITLE
OF WAR DENTAL SURGEON

HEIDELBERG. GERMANY. June
l4-Frau,ein r. Vending is the nrst
woman iu Germany who may write
the title War Dental Surgeon" after
her name. Professor Port. OF the dem
-aI department 80 the University of
Heide.barg. this week opened "a course
~ instruction Tor war purposes
Frauleiu vending was t.e arst &c
pass the examination.
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-06-15
Or, HANscoM's SUBJECTS.

Rev George Loring Hanscom, OF
Central Congregational Church, Car
negie Way and Ellis Street, will,
preach Sunday on the subject, 1.-THE
Hidden Life" In the evening his topic
Will be, THE World or the Soul
which,"
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-06-15
NEW SPANISH CABINET.

lelTlT -abIe Q nc ATeTIca0.
MADRID june I4-Couut AivarC
le RUmaugnes formed a new Spanish
Cabinet to-day gi-h himself as Pre-
mIer. Lopez Munez is Foreign Min
is-er and General DeLuqug Minister
OF War
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-06-15
SpreCkelS Declines
German Embassy
San Francisco Man Admits That Post
Was Offered Him, but Reiter-
ates Refusal Of Office.

Special Gable TO The Atlanta Georgian.
LONDON, ENG, June 14.-Rudolph
Spreckels, Of San Francisco. to-day
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-06-15
Charles W Morse sGripA nStrOngmW anStreet
Story of Recovery Reads Like Arabian Nights Story

Pictures tell vivid story of recrudescence of former lee
King In the top picture Charles w Morse
day with health and fortune recovered In the middle picture
Mrs Morse taken while she conducted bankers fight for
freedom In the lower picture Morse shown the invalid chair
in which he left the Atlanta Penientiary.
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-06-15
Of. sPALpINc 10 PREACH,

Rev. A. T. Spalding, d. D., viii
preach at Edgewood Baptist Church
Sunday at IL o'clock a. m.
Western Carolina Democrat and French Broad hustler. [volume] (Hendersonville, N.C.) 1913-1915, 1913-08-28
AUTOMOBILE iThorOuslifares.
(PoIk County News

Certain individuals in Tryon and
Saluda have very evidently gone daffy
on the idea that an automobile high
way through their villages is agoing
to bring them sure prosperity in great
chunks, but from our observation we
Gail to see just where the prosperity
comes in. We do see the dust and
smell the d~isagreeable odor every
auto kicks up in passing, and when a
continuous procession of them are
passing, how about the dust then in
cry windy weather? Will the good
housewife be particularly pleased to
keep doors and windows closed in sum
mer to keep the auto dust out of her
house? How about this dust cloud as
you sit on your porch summer after
Moons? Enjoy it? Not much. After
d seasons experience Of this sort,
many homes by the auto roads used by
touring cars will be for sale on the
bargain counter.
The auto is a good vehicle, has come
into use to stay, and we have got to
put up with it's peculiarities, but that
IFS use is not one continuous JOY in
life either to user or waside residents
is the experience Of those who know.
Western Carolina Democrat and French Broad hustler. [volume] (Hendersonville, N.C.) 1913-1915, 1913-08-28
WORK AND
THE RESULTS

Under the captain work and the re-
Suits the AshevilIe Citizen of the 18th
inst, makes extended editorial mention
Of the work of the Western North Car
DINA Association and the results there
from. What 1t says regarding Ashe-
Vile and it's board Of trade is also true
of Hendersonville and the Greater
H~endersonville Club. The editorial is
IS follows:
In casting about for the various
agencies contributing to the present
prosperity of Western North Carolina
iii the matter of tourist patronage, the
~Enusuaf work of the Southern rail-
way this year, "aided and abetted" by
the Western North Carolina association
and the board of trade, stands out in
a most notable manner and certainly
calls for grateful appreciation on the
part Of the citizenship Of this section.
The conditions of Asheville are dupli-
Gated in all the neighboring resorts,
each one sending reports of all records
being broken. Viewing such condi-
tons, we should not be unmindful Of
the fact that the Southern railway this
year is Offering extraordinary induce
ments in the way of passenger rates to
bring the tourist into Western North
Carolina, remarkably l~ow-priced ex-
cursion coming from all sections Of the
country.
We have mentioned the Western
North Carolina ~associat on and the
arc fully aware of the united efforts
| CT these two organizations to cooper
| ate with the Southern authorities by
raising advertising funds, and by en-
stranger within our gates. Discussing
ploy.ng other methods to bring tn
the results obtained, one of our lead
ing merchants was prompted to de-
| clare yesterday that every dollar. in
vested in advertising the city by the
business and professional men of
ksheville was money well and profit
ably spent, and that he would be more
than willing to contribute his share to
a similar fund next year.
1t is not depressing from u sub
! ject to remind on rreaders that when
the Western North Carolina ~associa-
ton was organized W. years ago, the
project was looked at askance by a
few pessimistic souls, yet there is
none today who will have the hardi-
hood to assert that this association
las not more than justified its claim
to existence.
Western Carolina Democrat and French Broad hustler. [volume] (Hendersonville, N.C.) 1913-1915, 1913-08-28
To Help Southern Producers.

Atlanta, Ca, August 23.-'To Help
Southern Producers Find Markets for
the Products of the Soil is the Slog-
an of the market department of the
Southern Railway and affiliated lines,
Including the Mobile and Ohio, the
Cincinnati New Orleans and Texas
Pacific, the Alabama Great Southern
and the Georgia, Southern and Flor
ida), and with this end in view, two
booklets have recently been issued
which should prove of great value to
fruit, vegetable, and truck growers Of
the Southeastern territory.
One of these booklets contains as
complete a list as could be compiled
of the brokers, commission merchants
jobbers and receivers of vegetables
and berries located at the principal
cities of the United States and Canada
east of the Rocky Mountains. The
booklets give the name of dealers,
character of business, and commod-
tiles handled, in each town together
with the population of the town. "A
copy will be furnished free Of charge
to any grower of vegetables or berries
along the line of the Southern Railway
and affiliated lines. The second book
let contains a list of the fruit, vegeta-
BILE and melon growers in the terri
tory served by the Mobile and Ohio
railroad and the Southern Railway in
Mississippi and will be placed in the
hands of dealers throughout the North
and East. 1t is planned to issue SIM
liar booklets covering other territory
throughout the Southeast
The work of the market department
is in the hands of market agents To-
Gated at Atlanta, st. Louis, Cincinna-
ii, and Washington whose services are
ut all times at the disposal of farmers
living along the Southern Railway and
affiliated lines.
Western Carolina Democrat and French Broad hustler. [volume] (Hendersonville, N.C.) 1913-1915, 1913-08-28
Watts Catches His Old NeighbOr Late
i'm Life.

Collector A. D. Watts, Bailey's coun-
terpart in the West, believes good
things will inevitably gravitate to the
ma who waits, though they often
come On the slow freight.
When Colonel Watts was younger
than he is now, he was a farmer and
lived by another farmer who outluck-
ed him. They started off about the
same, the neighbor married reared a
large crop of children and became a
pillar in the church.
81 don't just understand this thing"
Colonel Watts said to his neighbor.
"You and I are the same age, about,
our fathers were about the same age,
had about the same sized farms and
families and raised us about alike.
You got married, have a large family,
much more expense, and yet you have
plenty of money and 1 am poor. How
is it?"
"Hoss," as the neighbors of Colonel
Watts calls him, II have always grown
the earliest things / could market"
his brother farmer replied. 81 take
the first fruits to Statesville and sell
them. / sell the earliest vegetables
and melons. l go early and stay late.
What / don't sell on the market 1
bring back and sell to more unfortun-
ate neighbors like you. If / don't get
rid of them, / feed it to the hogs and
what they don't eat I give to my
family"
Colonel Watts now holds a job that
will make that neighbor e~nvious, for
it brings more money than his neigh
Dor ever took from all his early fruits.
vegetables and melons, even had that
fellow farmer disposed of all that he
raised including what the hogs would
not eat and the family consumed so
gourmandizingly.-News & Observer.
Western Carolina Democrat and French Broad hustler. [volume] (Hendersonville, N.C.) 1913-1915, 1913-08-28
MOUNTAIN SITE
FOR .C.SCHOOL

Some weeks ago the Greater Hen
Jacksonville Club was informed that
the superintendent of the Citadel Mil
itary Academy at Charleston, S. c.,
was DESTROYS of locating a summer
school in the mountains of North Car
olIna. The information was at once
acted upon and r. N. Wilcox, presi-
dent of the Club was appointed a
committee, to take the matter up with
the proper persons with a view of To-
eating the school at Hendersonville.
President Wilcox is looking after the
city's interest in the matter and may
know something definite in the near
future. Now comes the Asheville Cit
izem in its issue of Tuesday with the
following announcement:
"The management of the Greater
Western North Carolina association
has received word from Captain H. G..
Raines, of the Citadel Military acad-
envy, at Charleston, to the effect that
he has definitely decided to locate his
summer school in the Land of the
Shy. Captain Raines will come to
ASheville within the next few days and
with Manager Sanford H. Cohen, of
The association, will visit the seven
c1uHtfeS comprising Cn0 organization
Colonel Cohen is DESTROYS of receiving
Information concerning land which is
C~btainable for such an institution as
Captain Raines contemplates starting
in western North Carolina. It is stated
that the school will be located on pro-
perty which is situated on a body OF
water, it being the intention of the
management of the Institution to fea-
ture water sports. In view of that
fact, only land which provides an op-
rortunity for a lake large enough for
boating, swimming and driving w'l1 ~
considered in selecting the site for the
school.
Colonel Cohen stated yesterday
that preparations are being made to
advertise the Land of the Sky at the
National Conservation exposition
which is to be held at Knoxville dur.
i1ig the latter part of September and
the first of October. At the reunion
of the members of the G. A. R., al
Chattanooga, next month, western
North Carolina literature will be dis
tr~buted and the management of the
association hopes to secure many Wis
1tors to the western counties OF this
state from the two cities.p