davidaulloa/AmericanStories huggingface dataset:
Vernon County censor. [volume] (Viroqua, Wis.) 1865-1955, 1913-04-02
The Easy Laxative

persons as well as for the most robust.
They act toward relieving constipa-
ton, and also to overcome its cause
and 70 make unnecessary the FREE
Quent use OF laxatiyes. They serve
to tone and strengthen the nerves
and muscles Of the bowels and assoc
ciate organs or glands.
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-06-15
Unloading Of American Stocks
By Europe Weakening Market
Method Berlin Uses in Disposing of Wall Street
Securities Complicated.

Berlin, and Amsterdam sold IL sup-
posing they could borrow the shares
here on the usual terms to make
deliveries.
They became panic stricken, how
ever on finding that, owing to COM
petitive bidding, so per cent. and H.
nally 300 per cent, was charged for
the use Of Northern Pacific over night
The situation was relieved finally by
the settlement between the contend
ing factions, which. among other
things, enabled the foreign bankers
who had sold real stock IN good faith
70 make deliveris~ - arrivals OF the
vessels
The fact that New York is the only
great market having a daily settle
ment makes Il easy for a foreign
holder OF our stocks 10 realize quick
" upCs ~ holdings II he is caught
In a We Gare, a panic, or for any
other rec Is forced to sell out at
a few hour- notice. Many Berlin
bankers make a specially Of dealing
in American shares, and, in most
cases. handle such orders by direct
cable to New York. and not by way
of London Sometimes. however, II
is more convenient for them 20 &C.
cofnmuIate a credit balance at
London thar IS az sew York, and
then the { -ag order is executed
through London
Il has been fGy years a custom for
certain f. IN syndicatas to operate
In Amer shares through interna-
tiouaI bSRklng houses. which carry
the stgsks on the basis OF loans Sc
cured from New York banks or trust
companies The purchased securities
are then held in New York. Such
holdings are often very large. ranging
ln single cases from so. 600 TO 100, coo
s1ares OF the active and standard
stocks In such instances the for
eigu owners never see the certificates
at ALL but operate entirely through
bankers here who keep them inform
ed by cable OF each days develop
meu.s N this market
One decided advantage Of this
system IS that the foreign capitalists.
when they wish TO sell our stocks
can make deliveries here with the
same dispatch that American trad
ers can do f. and are not subject 20
the borrowing charge which they
have 20 pay iu cases where II takes
week TO deliver certificates that
have TO be shipped from Berlin. Paris.
London or Amsterdam.
In most cases. however. when
stocks are sold here for foreign &C
count. cine certificates arrive within
q week or ten days, and these are
delivered TO pay or the stock that
has been borrowed. The steamship
Majestic on October "A last brought
over 500 sacks Of registered mall
This consisted chiefly OF the certif-
Gates OF stocks that had been sold
here by foreign holders during the
Balkan War excitement
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-06-15
THE DEAN OF THEM ALL.

Milton Hannibal Smith is the dean
Of active railroad presidents I'm Amer
lea. but his seventy years have
not impaired his ability TO manage a
railroad for those who know declare
that the Louisville & Nashville is as
comfortable fortified, well-fed a
railroad as there is IN the New
World.
Mr.. Smith is two years older than
Mr. Hill, who is the same age IS Mr.
Hughitt He rendered yeOman ser
vice under Thomas A. Scott in the
Military Railroad Department during
the Civil War and his handling OF
troop trains at Chattanooga previous
20 the battle Of Shiloh won the praise
Of Generals Grant and Thomas.
He is strictly an old school rail-
road operator. not enamOred OF legis-
lative OF commission interference
with the conduct OF operations-roads
run as Mr. Smith has run Louisville
g. Nashville need less regulation than
some others
He has brought the value OF the
stock from twenty five 10 seven times
that figure. having put more money
per mile into the property than has
been put into any other road IN the
country. To him the South owes
much.
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-06-15
AMERICAN SHOES FAVORED
BY TRADE IN ITALY

or the 100000 pairs Of leather
shoes sold annually in Italy, about
O00. 600 pairs are imported, accord
ing 20 a report sent out by the Blu
reau Of Foreign and Domestic Com
merce at Washington. During the
past few years there has been a
steadily Increasing demand for for
eign made shoes, and American man
ufacturers have been able 20 enter
the Italian market extensively. The
Italian trade does not favor extreme
fashions and for this reason the
products Of conservative American
lasts are rapidly gaining ground.
Great Brltain's lead Us due primar-
ily TO the fact that British shoe and
boot makers deal directly with re
tailers in Italy. The handicap placed
on larger sales hy American firms
is summarized IN the report as fol-
lows. First credit terms often noc
liberal enough second insufficient
assortment of styles and sizes car
rleG by most dealers. third, high and
often varying prices demanded by
dealers. and iu this connection no APP
parent effort by the manufacturer
or agents 90 control these prices and
keep them fixed within reasonable
limits. fourth. too many agents 10
whom commission must be- paid. thus
increasing cost Of goods to dealers
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-06-15

How does Europe unload Ameri-
can stocks In Wall Street. and just
what happens when foreign holders
Of our shares, for one cause or an
other. throw over 100000 shares OF
our stocks for whatever price they
will bring? The question is inter
esting. in view of what took place
last week when the markets OF Ber-
lin. Paris, London and Amsterdam
Joined in selling great blocks OF Can
adam Pacific Union Pacific. South
ern Pacific Amalgamated Copper,
American Smelling. United States
Steel, and other prominent American
shares.
The selling orders executed here
for German account were handled in
two ways. first through direct cable
10 some international banking house
Of Wall Street from It's Berlin branch
or agents. and, second. through or
ders sent 10 London brokers. who
either sold the stocks I'm that mar
ket or. II that could not be done con
venientlv. cabled the selling orders
here A man in Berlin who wanted
last Monday, for Instance tu sell
600 shares OF Canadian Pacific
would give the certificate. properly
endorsed, 20 banking house in that
city having a New York office. The
order would be cabled here. and the
stock sold on the New York stock
Exchange Immediately. In order ~
deliver the stock in this market the
next day. the bankers handling the
selling order here would have To Dor
row the 900 shares Of Canadian Pa
Ciftc stock for one week or during
. a. q
from Berlin was on the water.
In thai way the bankers here sold
stock which they did not possess. and.
To that extent, took a "bearish" pos
itiOn on the market They will no.
pay for 1000 shares Of Canadian Pa
CiflC, however. until the certificate
arrives here from Berlin. Tn eNgep-
uoual cases where the need WAS ur-
gent and the foreign seller asked for
payment at once the bankers would
charge fur,uight's interest covering
the time 10 would take 20 send the
certificate from Berlin 90 New York.
and 20 remit the proceeds ot tne sale
from New YORK to Berlin. To This
charge would De- added the usual fees
for brokerage. tax. cable. costs. and
Insurance.
That procedure would bs unusual.
however. Most banking houses /
would refuse Go pay Tor the stocks
sold unit they received the certifl-
Gates ami were iu position 90 close
the whole transaction. There is al
WAYS something of a risk in handling
borrowed stocks" That was shown
by what happened az the time OF the
Northern Pacific corner in 1901. Dur
Ing the violent rise In the price that
stock. which finally touched $1,000
O. share. legitimate holders in Paris,
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-06-15
The Men Who Head
The Roll OF Honor

States rank with those OF Cecil
Rhodes for the British Empire In
Africa. Rhodes thought in con-
tinents." Hill has done not less.
Hill has helped more thai ~-ny olN-
or living soul 10 give the people
bread. That is his greatest contribu-
ton to humanity.
He saw visions when the land was
in its virginity. To-day he can look
upon il teeming with a countless fam
ily Of sturdy men wholesome womeu
and educated children, the stun that
goes to the making 81 strong ma
tiuuF
Into the fOrbidding regions Of the
untamed Northwest James j. Hill
pushed his civilizing strands of steel
uudaunted by obstacles that would
have slain weaker faith. confident
that in the fulness Of time his daring
would reap NJ reward.
His record is now written on the
map.
To my mind. James j Hill is the
greatest man in America
As a railr0ader. he blazOned the
trail toward economy and efficiency
increasing train loads. stancardizinE
equipment building bigger engines.
eliminating hand.capping curves, tad
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-06-15
A BRILLIANT r. r. ENGINEER.

Samuel Rea, head Of the worlds
greatest railroad system. is Classed as
the most brilliant railroad engineer
I'm the country
u was to him Cassatt turned when
he wanted 20 invade New York As a
preliminary RcI went tn Europe and
studied every important railroad
achievement there & tunnel under
the Hudson was not "a feasible solu
ti0n OF the problem In the days Of
steam engines, and Rsa prepared
most elaborate plans for the erection
~ "a very high bridge across the river
The expense. however was prohibi-
tive. and 10 was not until electricity
became available that Cassatts dream
could BE- turned into a reality.
Rea is looked upon as a second
Cassatt furceful progressive, full Of
confidence I'm his road and alive 20 the
possibilities Of the future. That he
Will prove a worthy successor to a
worthy line of Pennsylvania presi-
dents no one for moment doubts
Until he became chief Of the road
he never figured in public gatherings.
but he now feels II IS a duty 10 rep
resent his company and the railroads
generally on appropriate occasions.
Under him thr Pennsylvania Is lit
lie likely 10 lose ITS euviabls title Of
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-06-15

ulating, analyzing and reducing costs
He studied details. no matter how
small. picking the ablest men in the
country as lieutenants and all the
time compelling the unbounded con-
fidence Of his banking supporters and
the army of holders of his securities
for Hill has played fair. despising
the Wall Street Vaccinations Of some
Of his early day rivals.
He bent all his energy toward the
upbuilding Of the Northwest through
his network Of railroads, his model
farms his agricultural classes, his
exhibition trains, and a thousand 9TH
er useful means.
Mr.. Hin has now on hand a plan,
worthy Of his humanity and states
manship for the advancement Of our
race. To this project he proposes to
devote most of his remaining years
Nav they be many
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-06-15

James J. Hill, placed first by all
the authorities who favored the
American with selections. iS-just
james ] Hill
4 YOU were asked Tho Shakespeare
was or who George Washington was.
Won would be inclined to reply. w ny
SbakesDearc was-Shakespar,' or
George Westinghouse was, we'll
inst George Washington
To tell in a few lines who James j.
Hin Is were an impossible task A
canadian Of Scotch stock, he mi
xrated early to the States, took up
r-Frhadfng and has done more to
SYelop this country's resources than
- Sther individual living or dead.
- him the vast Northwest owes
-,zs---GLe transformation from a
--~~grv. peopleiasG waste 10 the great
est granary Of the world. To- land
affve wIrh healthy, pushing, prosper
ous people. dotted with thriving ham 70
kAts towns and cities, land than
7hich not one stretch Of territory
s~.-whers in the world Is fuller OF
Aise or richer in achievement dur
EzAhe present century.
lhe Grand Old Man Of the North
49," is - v-ell-won tAie
H.S sSS \aeuss - - SHAsed
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-06-15
STICKS TO NORTHERN PACIFIC.

Howard Elliott has stuck 10 the
Northern Pacific despite dazzling Of
fers to win him away He followed
Mellen. who left "A few unfinished
Jobs behind him when he went To
the New Haven.
He has not added one per cent
wear to y. P's mileage. but he has
met the new competition Of the ST
Paul's Pacific Coast extension with
out calling upon stockholders %
forego any part Of their regular div
idends-no mean rchievement In face
OF falling gross earnings
Morgan was and George F. Baker
is an aGmirer Of Elliott But unlike
these finauciers. he is strong be
lever IN taking the public into con-
fidenCe
More than any other railroad head.
he has made IT his business to adj
S-ess public gatherings on questions
effecting the railroads and their re-
lation to agriculture and commerce.
thus doing much To dissipate unre4-
souing hostility toward the rail
roads. He takes "a broad view of ms
responsibilities as a citizen and
spends much time lu flrIAsranor ~
worthy civic and national move
mrnts.
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-06-15
ACKNOWLEDGED BY ALL.

Marvin Hughitt, the upbuilder Of
the Chicago and Northwestern, was
given "A place in the Honor Roll ~
every voter in this contest. His has
been a life Of hard. conscientious, in
telligent work from the day he start
ed as a railroad telegrapher away
back in 1852 until the present mo-
ment Yes. Mr.. Hughitt, despite his
seventy six years. is up and about his
duties at sunrise. extraordinarily ac-
tive and alert
Professionally. he is dignity per
sonified. socially and domestically he
is charmingly democratic and agree
able. He has given his territory SER
vice so SATISFACTORILY that competitors
have sig0ally Vailed to whsedls away
his traffic He sits on the Union Pa
Cific and the New York Central
boards. where his common sense is
keenly appreciated.
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-06-15
CHAMPION OF THE S. p.

julius kruttschnitt, a Hartman Ia
vorite has arisen as the champion
Of Southern Pacific in its divorce pro-
Ceedings He is fighting herOically
for fair treatment for the road and
its security holders.
Under Hartman he achieved amaz-
ing results in maintenance and opera
tion on both Union Pacific and South
Crn Pacific his early training as a
civil engineer having proved extreme
ly useful. He has been a close stu
dent Of railway economies. and the
wonderful operating ratio Of the Har-
riman lines in the later years Of E.
II. II g regime were in no small meas
ure due to kruttschnitt
He is not overload OF making new
aCQuaintauCps, being modest and re-
firing, but those who know him best
admire him most
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-06-15
RULEs tO.oOO MILES oF RoAo.

Edward p. Ripley, the strong man
who guides the destinies Of the At
Gibson, Topeka q Santa Fe. has been
aTrly described as the Corliss en-
CINE OF railroaders" He is standard
He is the axle round which the larg-
est railroad west of the Mississippi
revolves. with its 10000 miles Of line
and earnings approaching the $780,
100000 mark.
Ripley has not gone In for side
issues, such as have wrecked the New
Haven and the Frisco systems. He
has stuck to his knitting New York
knows him as an outspoken pessimist.
whose utterances have sometimes
made diplomatic tongued financiers
gasp. He is too big a man TO indulge
in subterfuge, too honest with him
self
His road has never issued note
or paid dividends out Of surplus He
plays golf almost as well as he has
run his perfectly knit. cohesive rail-
road
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-06-15
F. D. Underwood.

mand. he has increased gross earn
ings S1O.00O,000 since 1908.
Like Howard Elliott, he has de-
voted much attention TO acquainting
the public with the rlace railroads
I'LL In the life Of the nation, and in
his own territory he has been brill
liantly successful in encouraging
more scientific methods among farm
ers He IS an LID. twice over. He
is a good orator and a clever writer.
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-06-15
A NEW ARRIVAL.

Frank Trumbull, Of the Chesapeake
& Ohio and Missouri Kansas q
Texas has come 20 the front only
since Edwin Hawley died Hawley,
unfortunately. had weakness for
Wall Street and some of his acts were
not free from speculative 'aints
which reflected upon his associates.
But TrumbuIl is now making MS
mark 4 banker. who sits on some
of the strongest directurates in the
country. said TO me "TrlmbuI is
the ablest financial man uf all our
railroad manager He Is destined To-
go far"
Union Pacific has placed him on lis
board and he is a director or the
largest national bank in America. He
has had q hard row 10 hoe. but be is
going ahead with logged determine
ton. His future is not behind him.
so 20 speak. His ready Wit and good
humor have won him many friends
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-06-15
rHE N. Y. cENTRAL,s cHIEF.

William c. Brown, now president n
the New York Central Lines. began
railroading by feeding hungry, HE
coughing engines with wood on the
St. Paul Railway in 1869 He has
learned to do many things well since.
No railroad president is more versa-
tile He is equally az home running
an engine during a riOtous strike.
on the judges stand at a horse show
or leading a prayer meeting one OF
his intimates once remarked admir-
ingly.
His vocation IS railroading, but his
avocatiOn is farming and horse
breeding, and ne looks forward 10
the dav when he can retire to his
fine farm in Iowa and spend his
DAYS with his home circle his blood
ed horses and his ueighbors.
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-06-15

dertook to make a railroad out Of
Erie at a time when the road was a
by-word, has amazed doubters. His
is the kind OF work that practical
railroad men appreciate better than
the public But even commuters. the
hardest class 10 satisfy, have become
impressed by the regeneration Of the
road.
James J Hiu regards Underwood
as a railroad giant as he - a phys
lea! giant pulsating with red blood
animated by "a brilliant, II impulsive
mind. hard but just master and an
inspirer Of loyalty among his men,
one OF whom not long ago refused an
important presidency simply because
he preferred to stick to Underwood
and the Erie.
Let me add thai II was Harriman's
affection for Underwood that prompt
ed him, during the last panic, TO
save" the Erie from financial en-
barrassment, d fact here published,
l believe, for the first time.
Daniel Willard. who has created a
new Baltimore 4 Ohio in three short
years. will probably tower above all
other railroad managers ten years
from now. Other presidents have IN
finite confidence in his ability, as
witness their selection Of him 70 con-
duct the present movement FOR higher
freight rates and his appointment as
the railroads representative on last
years arbitration commission. He is
young. OF dynamic energy and, as
one OF his associates remarked. his
only vice is that Of Oyerwork." There
isn't a joD on his road that he couldn't
nm. for he has climbed from the bot
tom up Hence his men entertain for
him unbounded admiration
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-06-15
CUT IN WIRE PRICES.

NEW YORK June 14.-PriCes for
wire nails have been reduced s. per
ton by the large producers New
prices are Sis per 100 pounds for
wire and $50 for nails. New prices
apply largely on large orders.
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-06-15
SUCCEEDED SPENCER.

w. W. Finley was called upon .a
fill q big position when be succeeded
Samuel Spencer as president or the
Southern Railway in 1906. when the
latter was killed in an accident on
his own road. Spencer was an ardent
eNpansionist. po.cy that brought
the road near the edge Of embarrass-
men- during the 1907 financial up
heaval. but Finley adopted a safer
10 less spectacular course.
He is traffic EerteI worthy tu H1
rated with Stubs operating f50
miles fewer than when be took COM
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-06-15
Their Efforts areCeaseless to Improve
Their Big Properties Far Removed
From Any Thought of the Stock
Market or Ticker.
By B. G. FORBES.

The United States leads the world in railroad science and prac
tice.
Our transportation geniuses have dreamed dreamsand
transformed them into realities of and brick
marble bridges tunnels viaduc among the
twentieth century.
we have attained the poetry of TairOadng proudly
claimed authority he enhued the Pennsylvania Rail
road wonderful tneng of New York and her terminal palace
the New York Cenras Grand Central Station and the
lets therefrOm the bridging of Henry Fger the
engineering fea of E. H. Hartman and the empire building of
James }. Hill in the Northwest
No other country has produced of railroad giants
What European land could parallel Hill and Huntington and
Hartman and CaSsatt?
Where the equals railroad Edward P
Ripley Marvin Hughitt Milton H. Smith, D. Underwood Dan
lei Willard but a fewR
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-06-15
Here Are the TUeLUe Greatest Railroad Men In United Sta
AMOUS BANKERS PICK LIST OE HARD WORKING NATION BULDE


dR%Pm
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-06-15
PRESIDES OVER AN EMPIRE.

presides over an empire So does Samuel Rea
destined become second Cassat of whom he brilliant
w w Finley head of the Southern Railway has strong
hand the rein that guiding the South toward unmatched
prosperity.
Americans always appreciated properly the service
rendered by their railroads and their railroad pioneers and
ayers Let us admit however, that too often IN the past railroads
dominated not by practical presidents interested only in
vdng the best freight and service opening
new territory IN attracting and stimulating industries IN building
up agricultural industrial and commercial prosperity but by
sehemmg hnancler more concerned over stoekobOey wan
Street than efficient service and whose speculative exploits not IN
frequently called for the bankruptng of properties
railroads of the United States to-day by
gamblers but by ardheaded seny practical Off
trained their work from the roadbed the foopte
Stock Exchange ker men who spend their days and many
their nights inspecting Of their vast systems devg
improved methods handling business searching for economies
tonng up their men and more and more frernng with ana
other classes of the population whom their railways
MUST BE A MANAGER.
The successful railroad president of this must be
than expert railroad He must be diplomat he must
attractive human qualities he must the cooperation of
his patrons he public confidence he
atmosphere of good will instead of hostility toward his
isaed lns pOO'' 'u'' p'''' ''
Happily the new things gradually impessing itself
upon the public They beginning to realize that the country
railroads. whole being managed honestly with equ
table regard the interests of well security
holders ,-.--., . -, b.. .,., .,,a.a
they be enabled expand at the
decrep railroad development community
supplied with transportation not do itself justice in the
It's tagnae stand
facilities exchanging merchn
with nghborng
munitv cam ise o the full stature of prosperity.
otenmes
railroad
GeswsO dapdad its terri
money spent its equipment the
onq crippled enepsing credit
MANY RAILROADS TRANSFORMED.
F.
the magnifceny
Underwood is striving nightly
wrestling Chesapeake
ohio md c with Texas.
a rail-
enable
theoretically aheadhe
can do this. is he a national beneactOr?
where
he stimulate the establishment of
Of
the value Of land in the neigh
the inhabitants much
gratitude the bOdest soldiers
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-06-15
Milton H. Smith.

the greatest and best managed raj
road system extant
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-06-15

HAS AMAZED DoUBTERS.
Frederick o. Underwood, who un-