davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1913-12-21
HUERTA GETS BLOW,
GUAYMAS MEN QUIT
Continued from First Page

presence at Monterey of 5000 federal
troops are construed by military men as
indication that the swinging advance OF
the rebel army has been slowed and that
from now on. as their campaign is car
ried further into the heart of the repub-
lie, their progress necessarily must be
much slower.
Rebel sympathizers here insist that
Tampico will be easy prey for the rebels
on the next attack. but that after captur-
ing the port they may be expected to do
one of two things-either advance to the
center of the country and attack San
Luis Potosi or return northward and fight
for the possession of Monterey.
Military men believe the rebels are I'M
likely to commit the tactical error of NOV
ing on San Luis Potosi and leaving the
largest modified government force IN
their rear at Monterey. The same mill
tary authorities do not believe that sue
cessful attack on Monterey would be n
simple task.
Threat to Enter Capital.
Gen. Zapata's threats to enter the City
of Mexico. while creating some slight
anxiety, are not taken seriously by most
people. who believe that he will obey
Gen. Carranza and wait until his forces
are joined by men from the north.
Reports that President Huerta has al
most no ammunition left in the city are
officially denied, and the GENIAL is credit
ed by most people. it being pointed out
that one of Gen. Huerta's chief objects
has beer to look after the protection OF
his own seat of government.
The banking situation continued bad
today, state bank bills still being unac-
copied except in limited amounts at the
central bank. The run on the Bank OF
London and Mexico. though slightly
diminished, continued throughout the day.
The committee of bankers which has
been attempting to solve the financial
situation has not yet succeeded. although
it is believed that Gen. Huerta in the end
will issue a decree forcing the acceptance
OF the state bank notes, thus charging
the volume of medium exchange i'll the
l.x1xi
Evening star. [volume] (Washington, D.C.) 1854-1972, 1913-12-21
Present Arrangements May Stand.

IF real merger were made and time
given to complete the merger, some
economies and additional new services of
advantage to the public might be intro
duced. Whatever has been done al
ready it is believed will be allowed to
stand. and it is probable that some adj
ditional cooperative work may yet be
accomplished.
There is no setback in this separation
to the material interests of either COM
pany, but, on the contrary, now that
there is some understanding of what can
be done and what cannot be done greater
progress along the lines defined can be
expected.
THE Attorney General has been very
considerable of the material interests of
the companies, so far consistent
with his public duty, and this attitude
was clearly reflected by the President
We think the problem has been work
cd out to the best interests of the pub
lie and of the companies"
To the foregoing Vice President
Kingsbury of the American Telephone
and Telegraph Company added that no
plan for the disposal of the company's
holdings in the Western Union had yet
haen considered.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1913-12-21
Present Arrangements
May Continue in Force,
President Vail States

NEW YORK, December 2o-Referring
to the relations between the American
Telephone and Telegraph Company and
the Western Union, L. n. Vail, president
of both. said today:
mo such thing as dissolution has oc-
CURED, for the reason that no such
thing as a merger ever occurred In the
past. The relations between the Ameri-
can Telephone and Telegraph company
and the Western Union have never been
in the nature of a merger The develop
ment of the mutual relations has been
of complimentary character or an cX-
tension by each of the others facilities
Care has always been taken that moth
ing be done which would affect whatever
competition might be considered to eX-
list. The two services are in fact nom
competitive; if there is in theory any
competition it is because in some in
stances the use of one service may be
an alternative for the use of the other.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1913-12-21
u. S. CRUISER RETURNS.

SAN DIEGO, Cal, December 20.-Direct
from Mazatlan, where il has been on pa
Evening star. [volume] (Washington, D.C.) 1854-1972, 1913-12-21
What $500 Will Buy

$3.50 Silver Comb,
Brush and Mirror.
$3.50 P ere olators
and Chatting Dishes.
$3.50 Bracelets.
Bracelet Watches,
Lavalliers, Brooches.
Locket and Chains,
Fobs. Special at. -
The Washington herald., 1913-07-26
STEADY PRICES
FOR GAS STOCKS
Market Seems to Have Settled
in the 84s4 to IS Market.
Gossip on Coup.
MINOR RAILS WERE FIRM
Few Important Changes in Leading
Seeurities-Govenment q,
96 to 96s4-Gossip.

There was a very fair general business
on the local exchange Now that the
sensational coup in Gas has passed on
its way, more attention will be given to
other stocks, although Gas VIII ngure
in the adjustment for some time 10 come:
should il move up to ~ for the third
time in its history there Will be wad
of stock for sale around there, and yet
the interests that have taken stock AT
20 need net worry over the investment.
IL Yields 5.yS per cent at 20 and is safe
and sane-now. 1t wasn't a week ago. II
Yields 5 per cent at sc. Not bad at all.
Yesterdays transactions We're at 81 i.
ass and were largely in adjustment pro-
cess. 1t is not likely that the stock will
90 below TINS ngure; 1t is worth II. real
value.
On 'he manipulation a large block OF
stock was taken that may be held for
investment. taken at 80 to 80, or may be
for the purpose of securing. il possible,
representation on the board OF directors,
although the chances are largely for the
reelection of official roster and directors
as at present constituted.
Yesterdays market action seemed to
indicate n revival of interest in Wash
ington Railway shares the common es-
pecially showing good strength. as high
as 81 being bid after a sale at 80 1-e without
evobing selling orders. The preferred
sold to the extent of g shares at 81
Bids of higher than 81 were made for
round lots of common.
Capital Traction was firm at lis 1-ca11a.
sale of Farmers and Mechanics Bank
snaTes was reported at 81. Lanston sold
at -.
Railway Is were in excellent investment
demand at s. 81 one 500 bond at 81.
Gas IS lCI.
Gov crnmcnt bonds.
Government bonds were again soft and
the bid price on the - was reduced 20
80 with bonds offered at 96 81.
Latest quotations from New York fol-
lou-
The Washington herald., 1913-07-26
r1HAac1AL.
Buy Bends 1t oppertune Tines

othy MAsl7.@; No. 4. E5oaIsloo; No. 5 timothy.
sWah0: Light clover mixed, l5.soul6.0o: No. !
mixed. n@ab9; No. 2 clover mixed. il.ooalaoo;
heay. H@aA.W: No. I clover. Booal35o: No. 3
s@aleo: no established grade hay. 7.ooaiI0o: sam
pie Grade hay. Is to kind. quality and condition.
sTRAw-No. I straight rye. Iama9@; No. 1
straight rye straw. nooAis.oo: No. / tangled rye
araw hWa2@: No tangled rye straw, loooz
ll0; No wheat straw. 500; wheat straw. No. 2
10; No. ] ost straw. sooalooo; No. Q oat straw.
G0oaG0
LIVE POULTRY-Chickens spring. per m. o,er
lbs. ID: do. per h.. Ia and lbs, Is: do. per
H.. under ~ lbs. Is; do. old hens, per ID, MS
and over. II: do. old hens. per H.. small TO me
dium. l6ii: old roosiers and stass. per Ib. 1oaIl;
ducks. old Musco,y and mongrel. per H., l2sI3 do
young. white Pekins, Per H., -: d. spring Der
lb. lbs. and over. Hal5; do. per H. small. poor
f2,l3: pigeons. per pair. old. s: do, young, s ;
guinea fowl. young. IL lbs. 55aeD
EGGS-Maryland. Pennsylvania and nearby nrsts
io.s Oh. yer doz.. %: Western hrsts. loss on. pei
dox.. 20; West Virginia hrsts. los. or pr dozen
les2o: Southern hrsts. loss OF. dozen. lsals.
BUTTER-Creamery. fancy. rer n. .; choice pei
H.. 3a27 do good. Per H.. 2ia25; do. prints pei
H.. 2a2s; do. blocks per H.. la; ladies. par Ib.
sisz2; Maryland and Pennsy vana rolls Isr H.. lsa
o. Ohio rolls per H.. lsao West Virginia rolls. pc
H. Bad; sore-packsd. per H.. lsaaD; Maryland. vir
ginia and Pennsylvania dairy prints, Per h.. %
process butter. per lb.. 2ia8-
The Washington herald., 1913-07-26
The Safest Investments

of business is going to shrink. The wiser
a business man is the sooner he begins
liuuidation of this sort, il the circum-
tances point in that direction IL bus,-
ness goes into period of depression or
curtailment. without having prepared for
it by cutting of unnecessary expenses
and large capital needs, by process OF
liquidation, il is more than likely that
such a business will get into trouble
sooner or later.
When one hears that business through
out the country is slowing down. IL
means that the more cautious business
men are liquidating more or less. IL Is
like a careful mariner taking in sail he
fore the big wind actually comes. 1t is
something more than ordinary business
precaution. Ii is very often the sacrifice
OF what looks like very good business
in order to be absolutely certain that
all the business will be profitable. In the
boom years American business men were
always very slow to get ready. and were
usually caught by any quick change that
occurred. Nowadays they have grown
cautious, and at the present time great
many of our big industries and busi-
nesses have put themselves In pretty
sound condition.
II is only recently that one has heard
That phrase means the creation OF a
condition wherein men will go looking
for work rather than the condition that
has prevailed for the last few years
wherein. work was always looking for
men. II any period of liquidation in labor
arrives there will be more men to work
than there will be work to do. and as a
result the cost OF labor will gradually
or quickly come down. Labor, after all
is a commodity bought and sold, and
the liquidation of labor is simply the
selling of that commodity at price
that will command a market
When the investor, going abroad Tor
a long rest, stated that he wanted to
come back and put his money to work
again when business and labor had hdui-
dated he meant that he would be fully
prepared to go into the stock market
when industry and commerce had been
taught caution by a period OF adversely
and when labor was more plentiful than
iobs. and the price of labor had come
down in order to find n market
Whether such conditions are apt to
come in the near future is problematicaL
Some critics think they will. while Others
are equally positive that they will not.
This article expresses no opinion on that
point
The Washington herald., 1913-07-26
WHAT Is THE MEANING
OF "LIQUDATION?" !"
Copyright. 1918. by C. NJ. Keys. New York;

Copyright. 1913. by C. NJ. Keys. New York;
A disgusted dealer in securities closed
out big account in Wall Street a week
or so ago and started on a trip around
the world. His account had been stand
ing In a brokerage house since 1886. and
on the whole had been fairly successful
He had generally bought carefully and
sold only when some speculative excite
ment carried prices to levels that he
thought too high to be reasonable. Some
times. particularly this year. he has been
wrong. On that point, the writer has no
opinion to express.
Before he left he said to the manager
of the brokerage house:
"I will come back and be an investor
again in the course of time. II will not
be. however. until after there has been
a thorough liquidation in business. labor.
and securities. I do not want to trade
on accidents and changes. I want to
back the United States again with my
money. when business gets down to 4
bed rock basis
That man is not a pessimist On the
contrary he IL one of the firmest believers
possible in American business institu-
tions. He built up substantial fortune
invested in American business at large
cult circumstances. He has withdrawn
his investment temporarily simply for the
purpose of waiting another period which
he thinks of similar promise and similar
opportunity.
This phrase liquidation is so common
nowadays in comments on business ana
finance that II requires some explanation.
Almost everybody understands that when
one speaks of liquidation in stocks. ne
means selling out stocks that are owned
either outright or in part with the rest
Of the price borrowed against tne
| stock. Wien, however. one speaks OF the
liquidation Of industry. commerce or
labor. the meaning is not. by any means
so clear.
Industry and commerce are said to De
| liquidating either when they are winding
UP affairs with the purpose OF CLOSING
out the business. or when they are cut
ting on all unnecessary expansion ana
trying to put the business down to an
economical basis. As rule, such hqui-
dalton goes on ut times when the man.
ayers OF businesses or commerce see thai
| business has to be carried on very
! close margin of profit in order I" he sue
cessfuL or when they gee that the volume
The Washington herald., 1913-07-26
WASHINGTON PRODUCE.

x,.,;..,, .;,., b.,ou are for large lots Jobbers'
vnotAuons sven 'e" s '0' sassy
pnces are Msher. ., L.. v-,... 49,, ..,,..
There senein oeCnne IN IN ~ -,
sheep hmos' pouitfs' an1 esss' WIN ~' '4'
dull. ,o-.
EGGS-Nesroy nts,s' pr aoL, - - ,s4 az, -. ~
CHEESE-New York new, per 10. ~ hA., VI 10, H.
leis: Swiss, domestic per TO- a no. '''es"' vi
H..
kAhD-Iuo' pure per 10, ~ w., oo' pN'
ID. Wsaps. Cot.ooseeu oh' pu s ...s a., 49,.
BUTTERFLIES print. new, per 10, "a tuo. psf
ID. >; process. per 10. a' unoefsaoes' pr '"'
.: More,pSSKso. rsr 10. M, ..
LIVE POULThi-hens' per 10, ~ ioosee"' -
ID, ~; spnns enichens, pr no'' i'.~' 'uiAs's' ~
h., l5all; geese. per 10. oaiZ
Receipts Oh new po.atoes are hsn., ano %snst
The Washington herald., 1913-07-26

tives, Pacific type passenger locomo-
tives. six-wheel switching locomotives,
motor dummy switching locomotive. 900
ventilated box cars, steel upper and un-
der frames; go hopper coal cars, steel;
$50 flat cars. steel under frames: express
cars. steel: dining cars. steel. and 10
coaches, steel
Deliveries will begin on this equipment
next month.
ID. l. d. DOnds Low.
Baltimore and Ohio gold Is are offered
at 50 and interest. Their low point In the
1907 panic was IS, and they sold above
par in 1910. They are savings bank bonds
and look very cheap at present. Traders
have acquired renewed faith IN the><he
ory that real Improvement must begin In
the bond market There is no doubt a
better feeling prevails In bond circles.
Houses which make a speciality of this
class of securities are receiving more in
quiries than they have been accustomed
to for weary weeks. In some instances
investment orders accompanied the in
quiries. Opinion is expressed that the
turn has come.
The Washington herald., 1913-07-26
NEW YORK PRODUCE.

New York. July sj.-MILLFEED-Firmer: trads
inactive. sITing bran. in loo-noupd sacks. I'D
standard miduDgs. 30 Western red dog. 2sS
winter wheat. in loo-Iuund sacks, TO arrive. 22o9
city bran. in hulk, G.0.
RYE FLOUR-Steady: inquiry inactive. Good tt
choice quoted al 3eoaI05. IN banels.
CORNMEAIs-Fim: business quiet. Kiln dried
for expCTt. 3.Ea3.5o meal. in bags. LUal-0.
HAY-Receirts. sA tons; steady; trade more active
No. l timothy. l.ooalG5; standard. IS: No. 2 Ss9o
No. 7oa75
The Washington herald., 1913-07-26
..Jin, the Penman."
the London Chronicle.

From the London Chronicle.
The real Jim the Penman' was James
Townsend Saward, barrister of the In
ner Temple. who was tried in 1851 for
forging and uttering a bank check. This
was only one Of a series of frauds COM
mitted by the gang Of which he was
made chief. owing to his extraordinary
skill with the pen- Bills of exchange as
well as checks were dealt with to such
an extent that the conspiracy was be-
ginning to affect the security Of the en-
tire mercantile community. Lawyers
We're repe tedly victims, a copy Of their
signature being obtained by one Of the
gang employing the victim to recover a
debt from another. At last, by combi-
nation of detective WORK and accident.
they were all captured. and Saward ws-
sentenced TO transportation teg ~
The Washington herald., 1913-07-26
WALL Street GOSSIP

Union Pacific earnings for June: Gross
increase, ss51,S ,S3i; net increase. S9o. .esi:
For twelve months: Gross increase.
s.. .660. SO: net increase. s., 10 So.
As a result Of strength in London cop
per standard market, which showed an
advance OF f1 a ton. the price for cleo
trolytic copper has been advanced to IL
cents a pound by several Of the leading
selling agencies. This represents a gain
overnight of IA cent a pound and new
high level in present upward movement.
The outlook is for still further price ad-
vances.
S. w. Baruch-Efingham Lawrence
The Washington herald., 1913-07-26
MISUNDERSTANDING &c COMMERCE

for the shorter dstes. particularly by out of-town
institutions.
Rates are sisas pr cent for aixty days; fsas p<r
cent for ninety days. 5h psr cent for four months
Saa5k per cent for five months. and Ter cent
for six months and over the year.
The Washington herald., 1913-07-26

Foreirners traded In about 1S,0O0 shares.
mostly on the selling side. Gold amount
ing to 100000 has been engaged for Bel
gium.
Directors of United States Light and
Heating have passed the semi-annuai
dividend of. 31-2 per cent due on pre-
ferred stock at this time. The company
will give out a statement shortly explain
ing this action.
There was bear pressure on Canadian
Pacific to give 1t an appearance OF re-
newed selling by Berlin. but the stock
was not weak Some of the selling IN the
!. list was due TO realising for over the
weekend.
Missouri Pacific earnings for third week
in July: Decrease, $4,000; from July l.
increase, IS, $50.
Regarding the suit against the Ameri-
can Telephone and Telegraph Company.
the view was expressed In many places
that had the proceedings been brought
here instead of on the Pacific Coast they
would have aroused such a storm Of p' O.
test that even Washington could not re-
main dumb to 1t. However. people In the
| financial district may differ regarding
OtneT Iney ~dut tnc tCsephVhS
system under a single management.
American Iinseed Compsny has ad-
vanced prices of Linseed Oil cent a
gallon except Calcutta.
Childs-There was some commission
house selling. probably proft-taking.
Traders did not do very well yesterday
and are waiting for a lead before doing
sailing in owl
dence on rally yesterday. but / believe
stocks are oil the way to higher prices.
Following three successive meetings
within the last twenty-four hours with
The. railroad managers, Assistant Com
missioner G. w. Hanger said: Matters
have reached an acute stage. More ! do
not care to say. 1t is possible we will
meet the managers again. and I cannot
tell as to whether we will see the train
men and conductors committee in the
meantime or not.
Burras-This is a sold-out market.
The net earnings Of the Steel Corpora
ton for the second quarter Of this year
arc expected to be between SIS sO0o.0C0 and
$50 10000. or an increase of about $40 .po
over the first quarter. Earnings will be
announced next Tuesday.
The efforts of the room traders to force
a reaction were without much success in
the first hour. The stocks supplied by
this element were quickly absorbed. and
there was the same condition displayed
of buying by important houses on large
orders. This purchasing caused sharp up-
turns In a number of issues. and before
| the end of the first hour resulted in the
, development Of general strength.
The known movements Of money for
the week ended with the close Of busi-
ness on Thursday indicates a gain in
cash by local banks of $40. .1S1, $50.
The Washington herald., 1913-07-26
NEW YORK MONEY.

New York. July 2S.-Money on call on the Stock
Exchange today opened at 2k per cent; highest.
~ per cent lowest. per cent: closing ~ Ier cent.
Most Of the days loans were made at ~ per cert
The time money market is again . shade easier.
Money continues to be offered in increased supplies
The Washington herald., 1913-07-26
COTTON STATISTICS.

Furnished BY n. L Carpenter 4 20.
New York. July g.
Receipts Middings
The Washington herald., 1913-07-26
large buyer Of Steel Looks ~ II market
would continue to do better

Foreigners traded In about B.ooo shares.
mostly on the selling side. Gold amount
ing to 100000 has been engaged for Bel
gium.
The Washington herald., 1913-07-26
NEW YORK COTTON.
COBALT STOCKS.

TORONTO QUOTATIONS.
The Washington herald., 1913-07-26
Gov oNcrnment Bond

Government bonds were again soft and
the bid price on the - was reduced TO
~ with bonds offered at 96 81.
Latest quotations from New York fol-
The Washington herald., 1913-07-26
CHICAGO PRODUCTS.
CHICAGO GRAIN MARKET.
BOSTON COPPERS.

Furnished BY W. d. Hibbs Il Co.
The Washington herald., 1913-07-26

The net earnings Of the Steel Corpora
ton for the second quarter OF this year
arc expected to be between $3s,0oo.oC0 and
$50, ,O00.O0o or an increase Of about A.o0o.ooo
over the first quarter. Earnings will be
announced next Tuesday.
The Washington herald., 1913-07-26

Directors Of United states Light and
Heating have passed the semi-annuai
dividend Of 31-2 per cent due on pre-
ferred stock at this time. The company
will give out statement shortly explain
ing this action.
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-10-15

map Of the country that he intends
10 traverse. without which he
would inevitably lose his way.
Even with his map he often be
comes helpless when darkness
covers the land The birds have
no maps, bur night can not lead
them astray They must possess a
Topographic or geographic. sense
superior To ours They know the
mountains and plains and the
points OF the compass better than
We do
Sometimes their way lies for
long distances over the sea.
That does not discouCcrt them. If
the, encounter a ship they Will,
occasionally. rest their weary
wings ON its spars, but when they
resume their course there is no
hesitation They are not troubled,
like the mariner, who looks with
equal wonder upon their arrival
and departure, with questions OF
latitude and longitude
They have no need To consult
the pole star. cor to shoot the sun
i'm order TO find ont where they are.
They carry no chronometers. and
their Unborn science exceeds the
knowledge of the Nautical Alma
nae.
There are spots on the earth
which are like great crossroads for
the aerial travellers. The Rock Of
Gibraltar is one Of these. There
the routes " the birds come to
focus Before they transit the
straits to spread over Africa. the
winged invaders take the impreg
nahle fortress rock nv storm. From
north. northeast, northwest. they
eNpy affair the couchaut lion If Eng
land lying on the Mediterranean
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-10-15

to express their manly qualities by
using a gun.
Air guns are only a degree less
menacing Inc the hands of young
lads than rcvolvers in the hands
of gunner.
Every year distressing accidents
are reported in the daily press
from the use Of these toys" by
boys. Companions are blinded or
crippled, and the precious lives of
beautiful birds are sacrificed. while
the killing instinct in growing chill
dren is cultivated and fostered.
All because women believe them
selves to be good mothers" and
consider they are cultivating the
manliness in their little boys by
providing them with guns for
amusement
Meantime, if the mother began
as soon as her little boy could talk.
or understand TO awaken in his
heart a love and sympathy for
birds and beasts, and if she then
stipulated that his gun practice
should consist wholly in target
shooting under proper guidance
and instruction. her boy would
grow up skilled as a good marks.
man and yet humane and kindly
in his instincts
Every man should know how to
use a gun and revolver
There are occasions when such
knowledge is important
But there is no part of Youths
education which needs more
careful and wise preparation, and
guidance, than this.