davidaulloa/AmericanStories huggingface dataset:
The evening world. [volume] (New York, N.Y.) 1887-1931, 1913-05-28

Aieh 0sscs for mon ums loan6 Win
the chaftes Of paying them on In a
year or two out OF eArninss rather
than to saddle the property WITH iops
time mortgage bonds at lower rates.
This would be sound reasoning except
for, the fact that a majority Of the
notes are not paid OF but merely con-
verted eventually into some new form
OF Indebtedness.
Another use Of short term notes Il
during periods Of duh markets. when the
public will not digest ordinary secust-
ties that otherwise would be issued.
When conditions improve some form OF
long term bonds are put out and the
notes retired.
The banks Of Wall street are reapins
hne profits out OF this note mania.
They charge high interest and commits
sions and demand gilt edge security for
their money.
" 10 LIKE A VISIT TO THE
PAWNeRokeR.
The process Is exactly similar to the
visit that an ordinary citizen suffering
temporary embarrassment makes to the
pawnbroker. in the pariance of Forty
second street. he "hocks his WATCH
In the parlance Of Wall street, when
railroad president visits one Of the
big banking houses he nezot.ates an
issue Of short term notes.
The difference Is merely In amount.
The process. the cost and the results
are the same.
In the Frisco system case the pawn.
brokers grew Stony-hearted when
Chairman Yoakum begged for more
time. They demanded their pound Of
flesh. He could not pay what he owed
and he had nothing left to "hock.''
Now another railroad company must be
orsa niscd. The bankers will take FIRST
what 10 due on the notes. Then the
mortgage bondhoiders will demand
their money. The acknowledgements,
preferred. second prsferred and com
mon-will have their holdings scaled
down and perhaps stand an assessment.
II IL dangerous even for railroad pres.
dents to visit the pawnbrokers of
Wall street. The Bowery or Sixth ave.
nue. would be safer.
The evening world. [volume] (New York, N.Y.) 1887-1931, 1913-05-28
PAWASHOP Plan
Brings DISASTER
7. TO FRISCO ROAD
Uhost Term Note System Of
Finance Meant Big Profit
to Wall Street.
FAVORED GAME THERE.
Several Other Lines Entangled
In Same Way-Receiver
~ for Frisco.
FAVORED GAME THERE.

financial collapse Of the 81. Louis
ED San Francisco Railroad system.
vAieh went into hands OF receivers yes
tsrday through inability to meet
o3.36o.o0o short term notes due June I.
brings into prominence q system Of
railroad finance which has been very
popular during the last few years.
Short term notes Ia the Wall street
name given TO a scheme of hand to
mouth financing that has been tire
msnAouay popular among railroad
presidents skating on thin ice and try
1as to tide over dihlcuities In hopes
Of something better turning up.
In the old days . railroad had only
Two kinds Of obiigations--bonds, which
were a mortgage on the property. and
stock. which represented the bu ,.nsss.
New layers OF securities were piled up
on the financial pyramid from time TO
time. Second mortgage bonds wcrs
oAded. Then stock was divided into
Drsferred and common. Tho Frisco
system even had second preferred
collateral bond. which WAS evolved az
tAr all the physical property had been
pledged IN hrst and eecond mortgage
tends.
Tho short term note was brought into
<aetive play during tho panic OF 1907.
when all forms Of regular Issue were
impossible TO sell to the public. This
note II q device OF bankers, to be ap.
oiled In times Of a company's DISTRESS.
when almost usurious terms can be cx-
soted. The ordinary citizen. who may
have few shares Of stock or q bond
Or two. never has anything to do with
these note issues lie merely reads
about them and wonders what they
mean.
He may look at his first mortgage
bond and think he has hrst Hen upon
the railroads property. Hut the short
term rate IL secured by the cream Of
collateral from the company's treasury
Besides this, the banker gets q higbeI
rate OF interest than from mortgage
bonds. One year short term notes ar,
now BENG made at per cent. and ever
higher rates, while bonds usually are Q,
from I to per cent.
DC SHORT TERM NOTES OF
PROMINENT RAILROADS.
Among the enormous short term
notes Of prominent railroads now out.
standing are:
New Yeyk, New Raven ana Hart
fee1, 900. dus ns1t Novsm.
bey.
Boston ana lsaaas, els, ooo. 900, a.s
/ JSse ~. ana jast renewed for an
ether year With es,ooo.ooo mere
Y aAasa.
0t3sRasta. 1amilton ana Dayton,
esljatsSaI sotss for e11,SsS,ooo de-
JSly J.
missouri, Kansas and TEXAS. eIs.-
oooyooo.
lgains Central, 91a.ooo, 900.
This practice oil running to the 6il
bankers Of Wall stree, II due in som
cases. like that of the Frisco system, I
desperate straits and In others II /
considered shrewd ftnanciering. Som
presidents assert that It Ia better to pa
The Sentinel=record., 1913-12-04
CHILDREN HATE OIL,
 CALOMEL AND PILLS
"CALlFORNlA SYRUP OF FIGS" FOR TENDER STOMACH, LIVER,
 BOWELS.

Look back at your childhold days. Remember the dose" mother insisted on--castor oil, calomel, cathartics. How you hated them, how you fought against taking them.
 With our children it is different. Mothers who cling to the old form of physic simply don't realize what they do. The children's revolt is we'll founded. Their tender little "insides are injured by them
 If your child's stomach liver and bowels need cleansing, give only Jii. cious California Syrup of Figs" It's action is positive, but gentle. Millions of mothers keep this harmless fruit laXitiYe" handy; they know children love to take it; that it never fails to clean the liver and bowels and sweet en the stomach. and that a teaspoon ful given today saves a sick child tr morrow.
 Ask your druggist for a 50-cent bot tie of California Syrup of Figs, ," which has full directions for babies, children of all ages and for grown ups plainly on each bottle Beware of commercials sold here See that it is made by California Fig Syrup Com pany" Refuse any other kind with contempt
The Sentinel=record., 1913-12-04
FIVE MINUTE CURE
 F STOMACH IS BAD
"PAPE'S DlAPEPStN" IS QUICKEST SUREST INDIGESTION
 CURE KNOWN.

You don't want a slow remedy when your stomach is bad-or an uncertain one-or harmful one-your stomach is 100 valuable; you mustn't iniure il with drastic drugs
 Pape's Diapepsin is noted for ifs speed in giving relief; it's harmless ness; its certain uniailing action iH regulating sick, sour gassy stOmachs Its millions of cures in indigestion dyspepsia, gastrits and other stolnael trouble has made it famous the world over.
 Keep this perfect stomach doctor ir your home-keep it handy-get large ftfty-cent case from any drug store and then if anyone should eat some thing which doesn't agree with them if what they eat lays like lead, fer ments and sours and forms gas: causes headache, dizziness and nau sea eructations of acid and undiges ted food remember as soon as Pape Diapepsin comes in contact with the stomach all such distress vanishes Its promptness, certainty and ease in overcoming the worst stomach dis. orders is revelation to those wha ltry it.
The Sentinel=record., 1913-12-04
WAS roo BUSY.

Ithaca, N Y Dec. S-Austin C, Parker, of Helena, Mont. and Archi bald B Johnson. of Pittsburg, editor in chief and art editor respectively of the Cornell Widow, the college monthly, have been expelled from Cornell university. 1t was announced tonight because of the objectionable character of the Temptation mum Der" of the Widow issued several weeks ago.
The Sentinel=record., 1913-12-04
GUNMEN ASK NEW TRIALS.
Similar Reasons Set Up as in Peti ton Filed by Becker's Counsel.


 New York, ? Dec 3.-Counsel for the four gunmen who with Charles Becker. the police lieutenant were convicted of the murder of Herman Rosenthal gambler, served upon As sistant District Attorney Robert C Taylor today brief in connection with the application for a new triaI for the defendants, "Whitey' Lewis "Dago Frank" Lefty Louie" and "Gyp the Blood" As in the applica ton for a new trial for Becker, tho hvlef sets forth general allegations that the defendants were not tried fairly. Sixteen reasons why the gun men demand another hearing in court are cited.
The Sentinel=record., 1913-12-04
OUR ADVERTISING.

Some years ago we started ou. ;c | advertising Hot Springs widely. We ! advertised the climate, the golf, the .lbeautiful scenery, the atmosphere, tne ! various forms of entertainment, the X social activity. in fact the advertise ments were of an alluring nature, and { the public responded.
 We received big results from the ! first advertising. The public eye was | caught happy anticipations were pie tured in the minds of prospective pat z rons of the resort, and they came.
 Here .hey were disappointed in 8 way.
 ! Later the advertising has not boen so productive.
 The suggestion we offer Is that we spend our money on Improvements, on beautiful driveways, on beautifying the city, on the upkeep of the roads, on the Little Rock highway, on clean liness of our city streets, on painting spublic property, on local improve ments, and let there be something to advertise,
 Were 1t not for the great black i'm print of one of the most disastrous fires of years that lies like a scar across our city, we would suggest that this year the Hot Springs end of the advertising fund be withdrawn entire ly, and the money, together witi more, be spent here in the bettermen of the resort
 There is a false impression as tC the fire. It has been exaggerated Therefore it is suggested that WI spend half of the usual sum in rd' correction Of that false impression and spend the other half of .he furt in DOING THINGS that will pleas' the visitor and add to his entertain ment, and thus make him an advcr tiser for us.
 The railroads are advertising, bu are we giving them enough to adyer tise? If we had miles of boulevards and miles of highways. and forms o entertainment and amusement, VI would get the advertising,
 The idea Is this. We in Hot Springs should furnish the money for ta, things to advertise, and let the rail roads do the advertising of these things. Thirty miles of good road. abou. the city connecting with the A mountain drives; a Little Rock high way: celan streets within our city a general upkeep of municipal prop erty to the extent that it would at trac. attention and command admi ration. would produce more substan tial results for us than continuous Iy pouring out our money in adyer Using when we have little more than the hot water to really offer Think it over.
The Sentinel=record., 1913-12-04
Lester Home Hotel

HOME OF THE BROTHERHOOD MEN No runners or solicitors employed. Best meals in Hot Springs at the price,
 BOARD AND ROOM, $500 PER WEEK Home cooking served family style. Good, clean. large rooms: quiet and home- like, close in. C. j. LESTER,
 Member Of Division 55s. B. of L. E sa oRenton Street. Phone 1872
The Sentinel=record., 1913-12-04
As to the secret of success, nothing has been more widely advertised.
Cured of Liver Complaint.

q was suffering with liver com plaint,' says Iva Smith of Point Blank Tex, "and decided to try a 25c box of ChamNerlain's Tablets, and am happy to say that l am completely cured and can recommend them to every one For sale by all dealers.
The Sentinel=record., 1913-12-04
NO MlsTRlAL ORDERED

Los Angeles, Dec. 3.-The trial of Dr. John Grant Lyman, charged wi-h misuse of the mails in a Panama land deal, was resumed today in the United States district court. Judge Wellborn decided that newspaper articles in- sinuating communication between cer- tain jurors and agents of the defense did not warrant the ordering of a mistrial
The Sentinel=record., 1913-12-04

The iran who Is smart enough 10 recognize good advice when he hears # is generally smart enough 70 make up his own advice in the first place
The Sentinel=record., 1913-12-04

The individual or the institution afraid 3 take sides on an issue is not worth much to either side. Indiffer- ence is inexcusable
The Sentinel=record., 1913-12-04

Philanthropy is that feeling we have when we see somebody awfu.y hard Lp which prompts us to ask som ebody else to relieve him.
The Sentinel=record., 1913-12-04

IL not infrequently happens that +he friends of the self-made suffer from oyerproGuction.
The Sentinel=record., 1913-12-04

The best way to settle all contro- yersies is to take the people into tbe confidence of tho controversies.
The Sentinel=record., 1913-12-04

Those discussions on the river bills are anything else but dry.
The Sentinel=record., 1913-12-04

A man who owes money to all his old friends has the happy faculty ef making new ones.
The Sentinel=record., 1913-12-04

Men of sound iudgcent are usually the most quiet.
The Sentinel=record., 1913-12-04

A man may he welded to his ar; and yet not get along well together.
The Sentinel=record., 1913-12-04

It is the public saving that is al- ways the necessity. The private sav ing will be looked after.
The Sentinel=record., 1913-12-04

How about a provisional govern ment in Mexico without proviso?
The Sentinel=record., 1913-12-04

President Wilson at least has made it apparent that Huerta must go, even f intervention is not established
The Sentinel=record., 1913-12-04

Anybody suggest now that pnblc interest is dead?
The Sentinel=record., 1913-12-04

Also it is observed that there IS another who would like to be on both sides of every fence.
The Sentinel=record., 1913-12-04

natural to marriage. It is wonderful how the study of the law makes some judges 50 intelligent
The Sentinel=record., 1913-12-04

The New York State Court of Az peais says motherhood is an incident
The Sentinel=record., 1913-12-04

The present month is December.
The Sentinel=record., 1913-12-04
THE HOME HOTEL.

t33 Chapel St. Phone ose. Steam heat. hot and cold water on both floors block of bath house, two blocks of depots, near banks, postoffice and street car line.
 My soarders Are My prummsrs.
 HOME COOKING.
 American and European. Rates: Room and Board, s7 to s9 per Wk.
 4. A. MCCULLOUGH. Prop.
The Brattleboro daily reformer. (Brattleboro, Vt.) 1913-1955, 1913-03-18
PRESIDENT FAVORS
BUDGET SYSTEM
Letter Which He Wrote in January to
Senator Made Public in Wash
ington Today.

WASHINGTON, March is. The
fact that President Wilson favors the
budget system for conducting the gov
ernment finances was made public to-
day in a letter which he wrote Jan. 80
to Senator Tillman, in which he said
=" the one object l shall have most in
mind when l reach Washington viii be
conference with the Legislative col
leagues with a view to bringing some
budget system into existence. The bus
mess of building up the expenses or
the nation piece by piece certainly will
lead to error, perhaps to embarrass-
ment.
This week promises to be quiet So
cially. At the White House the PresI-
dent is observing Holy Week. He de-
clined a theatre invitation.
Four hundred school girls from
Brooklyn and Northboro and Framing
ham, Mass, were received in the East
room today.
The Brattleboro daily reformer. (Brattleboro, Vt.) 1913-1955, 1913-03-18

Chairman Ezra NJ. Smith of the House
committee.
Mai. Thomas H. Madigan, ir.. of
Manchester appeared as counsel for the
Senate members of the committee.
Chairman Smith prefaced the hearing
by brief statement of it's scope, say
ing it was not to be in the nature of
trial, but an investigation of all
evidence bearing upon the alleged
bribery and a report of the investiga-
tion, with the evidence adduced there
in, to the Legislature, without recon-
mendatiOn.
The legislative resolution calling for
an investigation was introduced by Mr..
Perkins of Manchester, and he was the
first witness called.
In answer to a question as to why
he called for an investigating commit
tee, he said that rumOrs of improper
influences brought to bear upon legis
Iators had so persistently come to his
attention that he considered it his
duty to try and have a tribunal II
readiness to investigate the matter
should occasion arise. He said he haC
no personal knowledge which would in
criminate any one in connection will
| bribery.
The Brattleboro daily reformer. (Brattleboro, Vt.) 1913-1955, 1913-03-18
LASTING MEMORIAL
TO GROVER CLEVELAND
Dedication Took Place in Caldwell, N.
J., Today of House in Which Ex-
President Was Born.

CALDWELL, y. j., March lS.-The
little wooden house where Grover
Cleveland was born was dedicated to
day as a permanent memorial to the
dead President before a distinguished
company.
After the Grover Cleveland Birth
place Memorial association had turned
over to the trustees of the First Pres
byterian church a check for S17, $40 in
payment for the house, Richard T.
Cleveland received the keys and open
ed the front door. His sister, Esther,
was the first to enter the room where
her father was born 76 years ago.
Mrs. Thomas j. Preston, widow of
President Cleveland, was among the
, spectators.
At the time of Grover Cleveland 5
birth his father was pastor of the
/ Presbyterian church here.
The Brattleboro daily reformer. (Brattleboro, Vt.) 1913-1955, 1913-03-18
WARNING TO OWNERS OF DOGS.
Unlicensed CANNES Supposed to be
Shot After May Is.

Owners of dogs will do well to keep
in mind the changes in the dog license
law, particularly the new fees estab
lshed. 1t may save an official vista
tiou from the constable and incident
ally the lives of a few CANNES.
Licenses for male dogs are 81 if is
sued before April l and SO between
April l and May 15. Formerly the IL
cense was 81 beween the dates men
toned.
For female dogs the license is Sc
before April and S. from April l to
May -. Before this the license fee
was 81 straight, up to May Is.
After May 10 all unlicensed dogs are
doomed, or supposed to be. The town
clerk knows what dogs were licensed
last year. and such of them as are not
licensed this year viii be listed and
the list will be handed to the con
stable, who will sally forth with his
Erevolver.
The Brattleboro daily reformer. (Brattleboro, Vt.) 1913-1955, 1913-03-18
PERSONAL.

Miss Mary Dennis Is i'll with grip.
Mrs. George Hodgllins went to New
London today to visit her sister.
DR. G. B. Landers of New York was
guest Of DR. and Mrs. :. +. Lawton over
Sunday.
Mrs Abbie Moran returned Yesterday
from Springfield where she has been visit
ing her sisters.
Miss Sadie Young Is confined to her
home as a result Of injuries to one ankle.
received while walking down a fight of
stairs Sunday.
Misses Ruth and Mary Danyew left this
afternoon to spend their Easter vacation
with their aunt. Mrs. David Duquette. in
Chicopee Falls, Mass.
c. H. Allen has finished work for the
Swift Beef company and VIII move 10
Wilhamsville April l. where he Is TO be
employed in one Of the stores.
Mr. and Mrs. Lester Goldthwaite ot
Washington, who have been in Chester
with relatives for a 10 days stay, came
yesterday for brief visit with her aunt
Miss Louise Babbitt. They were joined by
his brother. Lawrence Goldthwaite, who
is student at Mount Hermon.
Z. !. 0 O'Brien of White River June
/ tion visited in town yesterday. He ex
poets to resume his work as cOnducto
for the Central Vermont Railroad com
pany about May 1. He has been off dut,
since last May as "A result of injuries T.
one knee in a collision at South Vernon
The Brattleboro daily reformer. (Brattleboro, Vt.) 1913-1955, 1913-03-18
PITTSBURGH, 4; RED sox, 3.
Pennant Winners Lose First Game of
Series of Nine.

HOT SPRINGS, Ark. March II -
Balmy weather and a large crowd
greeted the opening of the Boston
American and Pittsburgh National Sc
ries of nine games here today. Pitts
burgh won, 4 to 3.
Bedient pitched hitless hall during
the three innings he was on the
mound for Boston. Adams and Rob
inson for Pittsburgh, were hit freely
but the hits were scattered. The score:
r. II. f
Boston, 1O1 1000 0--3 S @
Pittsburgh, OO002002X 2X-4 + /
Batteries-Bedient, Leonard, Foster
and Cady, Carrigan; Adams, Robinson
and Kelly, Gibson.
The Brattleboro daily reformer. (Brattleboro, Vt.) 1913-1955, 1913-03-18
35 WERE KILLED IN
YESTERDAYS BATTLE
The Carancistas. Who Lost 20 Men and
Were from the Town, Prepar
ing to Fight Again.

LAREDO, Texas, March l8.-In the
battle yesterday at Nuevo Laredo, the
Mexican town across the border, 20
Carrancistas and 10 federals were kill
ed. Nearly 50 soldiers were wounded.
The Carrancistas retreated to the hills
south of Nuevo Laredo where they ap-
peared to be preparing for a fresh
assault. The street battle continued for
! y hour.
An Associated Press correspondent
walking through the battlefield, saw
bodies of dead rebels with eyes apPa-
rently kicked out. Several had been
shot through the head, apparently af-
ter being otherwise wounded. The reb-
els yesterday afternoon held a position
near the city and were continuing
preparations TO renew the fighting.
The Brattleboro daily reformer. (Brattleboro, Vt.) 1913-1955, 1913-03-18
WEST BRATTLEBORO.

Mrs b. c. Morgan is employed in the
office of Dunham Brothers company.
Mr.. and Mrs. n. TT. Smith of Spring
field, Mass. were over-Smday visitors of
their aunt, Mrs. Adelia Smith.
Mrs T. A Knight entertains the Cosy
Corner society this afternoon Five hun
dred will be played and a covered dish
supper will be served.
The womans association OF the First
Congregational church has recently sent
to the Kurn Hattin home a box containing
II sheets, II towels, l. napkins and
aprons for the boys. Bed puffs and
clothing have also been sent by them
during the winter.
The Brattleboro daily reformer. (Brattleboro, Vt.) 1913-1955, 1913-03-18
SPRING AND TUBBS
SUED FOR S25OO
Mrs. Viola Miller Wants Damages for
Automobile Accident and AL
leges Fraud and Gown.

Further proceedings in Mrs. Viola Mill
er's effort to secure damages from Charles
f. Spring and Edward S. Tubbs for being
run into and injured last fall took place
Yesterday afternoon, when III. G. & f f.
Barber, counsel for Mrs. Miller, filed an
amended replication to the defendants
pleas. 1t is an interesting document.
Mrs Miller, now of Putney, was run
into by Mr.. Springs automobile, driven
by Tubbs, her carriage was overturned,
the horse injured and she was shaken up
and hurt The defendants gave her $50
and a note for 1878. in consideration of
which she discharged them from further
/ liability.
Later she brought suit for damages in
! the sum of $250O, and this is return
able at the coming April term of county
court In their pleas Spring and Tubbs
plead accord and satisfaction, in other
words, that there is no ground for a suit
by reason of having settled with Mrs.
Miller.
Replying to those pleas counsel for Mrs.
Miller say in the document filed yesterday
that Mrs. Miller ought not to be barred
from maintaining her suit, because "she
saith that the said supposed writing OF
release and discharge in the said pleas
mentioned was bad and obtained from the
said plaintiff by the fraud and GOWN OF
the said defendants
The document then says that the dis
charge was signed by Chase & Daley and
that Charles s. Chase represented to tho
plaintiff that he was acting her attor
ney. when in reality he was acting for the
, defendants "in that he stated and repre-
sented to said plaintiff that the said sup
posed writing of release and discharge
would only operate to release and dis
charge the said defendant Tubbs, when il
truth and in law it would operate to dis
r. charge both of said defendants"
L Allegation is made that the defendant
fraudulently represented that the not,
was a good and bankable note and tina
} Mrs. Miller could obtain the money a
the Peoples National bank, whereas tn
note was worthless and the plaintiff coul
not obtain the money at the bank.
Mrs. Miller alleges that the defend
e ants fraudulently represented that MI
2 Spring would buy her horse, WACO
= and harness and pay therefor $3l7.5C
= but that he has not done so.
. "Confding in and relying upon sal
Il false. fraudulent and untrue represent
ations.'' the plaintiff says she wa
e thereby induced to become party t
+ the release. She says that upon discov
e ering the alleged fraud she returne
) to the defendants the $25 and tn
I note.