davidaulloa/AmericanStories huggingface dataset:
The Washington herald., 1914-03-07

they had laid Cor her. Her resort to the
bond market was. therefore. a somewhat
belated attempt to save her money, and
she felt very badly over the relatively
small return che was going to get on her
investment II she follows the bankers
advice because she had always been ac-
customed to promises of at least 10 per
cent on her :nvrey and had not been at
all averse to returns OF 20 to 100 per cent
IL there seemed the plightest chance Of
getting II.
The next customer was a lawyer. Of
whom the banker already knew by repu-
tation. He had been for years 4 shrewd
and successful buyer of stocks OF semi
speculative and investment class, both
for himself and for other people whose
moneys he handled. To the frank inquiry
why he had .u-ned from the stock mar
ket In which he had been so successful
he made a frank answer:
81 do not understand" he said, the
rules OF business nowadays. ! feel as
though when I get to be partner or
stocEholder in a business concern | had
entered into a sort OF battle with the
United States government or the United
States courts ard the people at large.
used to feel that when ] put good
money into 4 coed business ! was doing
a good thing, but i'm the last couple Of
years ! have been a stockholder in no
less than six companies that got into
more or less trouble with the govern
ment. ! am too old to like trouble for
its own sake. and 1 have had too much
practice at law to feel like being a 81
lent partner In any more law suits than
] can help.
I'm addition to that 1 only escaped in
the last two Years because ] was lucky.
II ] had time to look into the prospects
and circulars about new industrials that
come to- my desk, / nave no doubt I
would have bought into several Of them.
mistakes. | have decided. on the whole.
for they certainly looked good OH the
face Of them 1t was only because was
busy that escaped tyo or three bad
The Washington herald., 1914-03-07
Finance and Commerce
NEW YORK MONEY.

New York. March s-Can money opened at II Per
cent; high. per cent; low IA per cent and closed
II per cent ruling rate. IA per cent
There Is very little inquiry for time funds. The
market k mainly characterized by its dullness.
some surprise Is expressed that It fails to show
more definite response to the reduction Of the banks
reserves.
Rates are ets3 per cent for sixty days. per cent
for ninety days, ~ per cent for four months. VI
months and Jsaih per cent for over the year
Locally the volume Of business in mercantile paper
shows some contraction, as compared with that Of
the last few days Rates. however. remain unatered
at per cent to ~ per cent for prime names Of
regular maturity. Country Institutions are respond
ing in = small way to offerings made at ~ per
cen TO "a per cent.
The Washington herald., 1914-03-07

10 Ike refuge where know ] am safe
ana stay there for a while at least. OF
course, there will come a time again
when viii want,to go into securities that
represent more active part OF the BUSH
ness and interest of the country, but in
the meantime all / want is safety and a
fair return with special emphasis on
safety OF my principal"
The next customer was the curiosity
He was a retired English stock broker
on his way TO settle down In California
for the rest OF his life. He wanted very
long term bonds OF the giIt-edge class
and preferably selling A little below par
His reason for wanting bonds was very
briefly expressed:
II think that some time before I die
there VIII ce period that instead of gold
being a drug ON the market il will be SO
scarce that people will be- tempted TO
demOnetlze II. Long before that happens
Gilt-edge Investment securities bought at
the present levels will be selling at prem
iums that VIII make the interest rate
lower than II has ever been before or
course that is theory rather than a fact.
80 ! want bonds that are selling below
par and which. therefore. may tend to
hold stiff In case this theory should not
prove correct. AT any rate. 1 am buying
for my heirs and not for myself. and
buying for period that l sincerely hope
will be very long time"
Other customers Of whom the banker
asked the game question gave various re-
plies. but these five constitute a pretty
fair summary Of all the replies he re-
ceived. Out of the whole inquiry he
got an idea that he did not know much
about the bond business. or at any rata
about the reasons and causes II at UNDER
lie il. He had always thought of il
largely as matter OF dealing in certain
tokens of value, and instead OF that he
found il to be merely a natural phepom-
enon based altogether upon tho theories,
whin,s. necessities and desires of human
ity.
The Washington herald., 1914-03-07
OUTSIDE SECURITY NOTES.

New York March e.-The bull movement in oils
the curb continued without apparent abatement
Advances Ct from to g points made in an
excited market.
South Pennsslrsnia eI-diridend rose 10 . to to6
and then reacted to 20. Atlantic Refining advanced
. points to Us: Standard Oil Of Kansas y points
10 5jo and Prziris Oil q points to s5e. Standard
on Of Ohio increased 81 points to tb. and Con-
tinental OH Il ponts TO 70
Increases 10 other stocks more conservative
Standard Of Kentucky rose points 10 81: Ohio
Oil points lss; New Jersey. points to 40. and
Pierce Oil, points To l0i
Tobaccos were weaker. British-American oil re-
ceded y Point. and the . point. Riker Hege-
man was irmcr and up y point small buying.
Initial sales were made in Central District Tele-
phone u at l0oal0oa. Cuban s. sold at
ssh Other bends about firm.
The Washington herald., 1914-03-07
Office Of the Gold Hill Consolidated Company,
80 Broad Street, New York City.

March E. 1914
To the Stockholders Of the Gold Hill Consolidated Company:
wish make you regarding the condition Of
your companys mines a Gold Hill. N. c.
Since August I3 1913 March l. 1914 your have been
completely rehabaed and today splendid working cond
ton and large producer of gold copper and silver There
fourteen large and the S00oot level your
averaging eighteen feet width and be traced the
whole length Of the property All these large quantities
god copper and silver very rich phur. There
particular known the w. G. n Vein. which has been
worked developed extensively than of the
properties This first encountered $40 feet from the
working shaft going the S00oot level and
rise made on 200 feet from the S00o level toward the
surface all being ground This vein averages over three
feet in width and $3.50 per for gold alone and has been opened
Up for 5000 feet the surface.
We driving from the main working shaft at
the 6OO 400 and 270 foot levels this
1t my desire pay handsome dividends stock before
January /, 1915 Yours very respectfully,
WALTER GEORGE NEWMAN President
The Washington herald., 1914-03-07
NEW YORK PRODUCE.

New York. March s.-MILLFEED Firm;
scarce: demand fair. Spring bran, in
100-pound sacks, T.75; to arrive, 27.15a2S.o0:
standard middling. spot, $50; to arrive,
ZOO; Western red-dog, $50; winter
wheat, In 100-pound sacks, to>arrive, .. 10;
city bran. in bulk. $40
RYE FLOUR-steady; demand Ia mac
The Washington herald., 1914-03-07

b.. %; swiss. domestic. per H.. .; do. foreign.
rer H.. IS.
LIVE PoULTRY-Hens. per h.. II; roosters.
per h.. 10; chickens per h. 22a2s ducks. per H..
i6aIs; turkeys. per h.. 2a5.
DRESSED GooDs-Dressed pork. light weights.
per ID. u4ai2; do. heavy, per ID. eaio
DRESSED PoULTRY-Chickens per n. za25;
hens. choice. per io s; ducks. per H.. Baso; tur.
CONTINUED on PAGE lliIRTEEN
The Washington herald., 1914-03-07
WEEKLY BANK CLEARINGS.

New York. March 6.-Bsnk cleariuss in the United
States for the week ended March aggregate S.5si,
96 mo against S7oe, ,76ooo last week and s. 81 E5-
or in this week last year. Following the returns
for this week. with percentages Of changes from this
Last
The Washington herald., 1914-03-07

ID. Fulton Harris has been appointed
general agent of the New England Mu-
tual Life Insurance Company, In charge
Of the Washington Office.
The Washington herald., 1914-03-07
NEW YORK COTTON.

COTTON STATISTICS.
Furnished by \. L. Carpenter Co.
New York. March G.
Today. Last Today. Ye.ter.
year day.
The Washington herald., 1914-03-07
Details Of the Chesapeake and Ohio report for lNt
unpared with lgl3 ars a folfpns:

Atlantic Coast Line report is as fol-
lows.
The Washington herald., 1914-03-07
Local stock Market.

Two $1,000 Railway Is sold on the WASH
ington Stock Exchange yesterday at u.
The preferred stock of the company sold
thirty-two shares at SaN IA; the COM
mon sixty shares at 81 -.
Two thousand five hundred dollars in
gas bonds were sold. Sl.jO0 at l0I IL,
500 at lO7 IS and $50 at 100 3-S Eighteen
shares of stock sold at 81 L..
One 500 Capital Traction sold at lu9
There was 10 trading in the stock of the
company.
One share of Mcrgenthaler brought el1.
The Washington herald., 1914-03-07
WHY MEN BUY BONDS.

coNTINUED or PAGE liIRTEEN.
The Washington herald., 1914-03-07

Applications more than covered the
new issue of ss3.ooo,ooo Chesapeake and
Ohio nve-year 8 per cent notes.
The Washington herald., 1914-03-07
Application of Rule.
Gas Omcials -GrntiAed.

oficials of the Washington and George
town Gas companies express qualification
at the action Of the Senate Appropriations
Committee in adopting the merger amend
ment, and are hopeful that favorable ac-
ton may be obtained on the floor of the
Senate.
The January statement of operations
of the Western Maryland Railway, made
public today, showed a moderate increase
in gross earnings, which, however, was
converted into a big net loss owing to
a heavy increase in operating expenses.
The figures are as follows:
JANUARY
The Washington herald., 1914-03-07

1t is understood in local financial circles
that negotiations are in progress which
will lead to the early sale of all the real
estate holdings of the United States Trust
Company. This action is being taken by
the Munsey Trust Company with the
view of liquidating the assets of the
United States Trust Company in order
that stockholders may receive Munsey
stocks or cash as carly as may be prac-
ticable
The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1914-02-16
OIL and GAS NEWS

sunday was m interesting day in
the oil fields MANY Visitors were
lrc8cul and upon their return they
stated that they hal no idea that
y, much work had hocn done Thc
tlpplN companies have sold twice
a. much as thoy expected, the RIG
builders have bNcn short Of suppn"s
much of the time the Magnolia pco-
plc have brou required to do twice
as much work on the gravity system
us they expected to have done by
this time Thcir extra work has been
due to the bringing IN Nt more wells
lhnu they estimated would he
brought in The Crystal oil conf
pany Ia the southeast Of section
was on top of the sand Saturday
might and SUNDAY the we'll was
drillcd in" Tho oil went high into
lur AIR and many visitors were near
The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1914-02-16

leased the building west of the
Wilmington hotel now occupied by
a barber shop, and he will establish
an oil exchange between the first
and fifteenth OF March. He has an
excellent location for his office, the
entire building will be used and no
doubt he will handle large volume
of business
5. B. Dorm of the Gypsy people is
back in the fields after a visit of
almost a week in Tulsa
J. IL Jenkins Of the Higgins Oil
and Fuel COMPANY returned yester.
day from a visit to the helds.
Mr. and Mrs, J. L. Ring were Wis
itors to the field yesterday. Mr..
Ring has charge OF the offices here
for the Twin State Oil company.
V. Brouough was in the fields yes
terday ami brough, hack some sam
piles Of the oil founi on the north
east of the fell in 36-S-4
5. W. Wood is here from Waurika
and will spend several days here.
l.. X Bingham OF Chickasha, who
has been here few days, has pur-
chased small acreage in section
7-4-& and will do some operating
in the field
J. II. Markham is here from Tulsa
Mr.. Markham is the father Of J. H
Markham, Jr.. who is one OF the
largest operators in Oklahoma.
H. O. Cavert was in the city yes
terday from his we'll in 2S-S-S en-
the Grove Chase farm. This well
is setting the 5-S casing and has
encountered another water sand beSr
ing some salt Mr.. Cavert says there
is nothing 70 condemn his well So
far that IL looks better than IL did
some days ago and he Is hopeful o:
finding oil before the drill reaches
the l.>OO-foot mark.
The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1914-02-16

ty field and also in the Allen field
near Ada. He has 500 acres at
Allen and thinks we'll Of the field
there
The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1914-02-16

J. H. Farmer, the boiler maker,
who moved here recently, went to
Marietta today to do some repair
work fer the electric light company.
The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1914-02-16

w. II. Wallace, of the Continental
Supply company, is in the city from
Tulsa. He says his company is
greatly pleased with the business
they have done here and that the
field has developed much faster than
they expected
The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1914-02-16

4 Christie. her who has been here
several days from seattle. Wash. has
been 'oiued hy Ru BroN,u and {. f.
Lancaster alSo ot that city These
Eyu,.tweu am prospecting In the
dc'ts Mr. Christopher thinks 50
We'll os The proposition that he has
sem, Tor his frioudS % come
The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1914-02-16

TO LEASE-so acres in Hsadtou
te'd Sec {. T. s. X. :. Mrs Carl Nc
Cu,'oush Avimora Phone t9-red
lS-S
The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1914-02-16

visitors were present to witness It.
o. L. Fillay of the Producers com
pany was here yesterday visiting
with L. W Burrow, the southwest
manager of the company Mr.. FiIiey
left for headquarters at Tulsa today.
lie stated that Ardmore was goins
to have an oil field that would ere
ate much attention from oil men cv-
cryWhcrc and he also stated that
Ardmorr dill not seem to realize
what good road from here to the
fields would mean to the town
The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1914-02-16

Simon Westheimer was here yes
terday from Marietta. Mr.. Westheim-
er has holding; in the Carter coun-
The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1914-02-16

have some clients who are IN
the market for some oil leases within
the proven field. J r. COLEMAN.
l5-E
The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1914-02-16

George Myers visited the field
yesterday and saw the IDEAL well
drilled in. He has stock in this
company and was one of the pro-
moters of the company.
The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1914-02-16

Robert NCtarliu or the NcNtan
company returned thwugh the Coun-
try saturday from Electra lie was
IN the fields AGAIN yesterday and
ouc OF his partners. J. \ Chapman,
arrived here Saturday from Tulsa,
The McNlau people have one pgoduc.
ms we'll aui sr,cral strings OF tools
nov .u the field
The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1914-02-16

Mr.. and Mrs F. J. Anderson were
visitors to the oil fields yesterday.
Mr.. Anderson is with the Paraffine
company, which has one producing
and one drilling well.
The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1914-02-16

leN Craddock. who has been very
successful in oil lease trading and in
the promotion " oil companies. has
The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1914-02-16


:. j. ucrnstaIt of Iew Yorl, city
is again in the fields after an alb
scncc of three months Mr.. iem-
stadt has holdings here purchased
from the goyernment before the field
here some time now attending to lis
lands.
The rolh OH and Gas company of
sulphur has rig tjmbers ON the
ground in ll-t3. This location is.
OF llclldton, aud will be- the most
castcrly well, when it is drilling.
The Rococo OIL ana Gas company
is a new Ardmore company. with
Ollie Orron presideut. W. W. Lewis. |
vice president. George l.. Dyer. sec
renr treasurer. This company has
4 GriIIng contract ON 10 acres in
IN, north central mart of section B.
IS ana will begin work at once.
The capital stock is $4,000. rne
board Of directors is composed of
Ollie Orton. G. l.. Dyer. w. W. Lewis.
l.. u Majors. J. NJ Jones. \. F.
Use, and w 4 FasleN.
The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1914-02-16

The Ng Bear company in the
,outhWrs, ot 9l.5.l finished their
rig saturday and their we'll was
apuddcd In today This is a wildcat
we'll near Nlcc in Jefferson county.
The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1914-02-16

J. X. Markham is here from Tulsa
MIR Markham is the father Of J. II.
Markham, Jr.. who is one OF the
largest operators in Oklahoma.
Evening journal., 1914-05-23

THoR sALE-sIX CYLINDER, go II. p,
IL eve or seven passenger Touring Car,
price 500: 1912 Hudson, 83 II. p. 5-pas
seneer touring car. price S775. Both cars
completely overhauled and repainted. Others
from $3.50 up. MOTOR CAR REPAIR
SHOP, Fifth and Orange streets
may16-1mo.
Evening journal., 1914-05-23
NOTICE TO CONTRACTORS

NEW COUNTY BUILDING FOR NEW
CASTLE COUNTY AND NEW NUM-
CIPAL BUILDING FOR THE CITY OF
WILMINGTON
Sealed proposals viii be received by the
New Castle County Building Commission
and the Wilmington Building Commission
az the Offices of the commissions in the
Church Building az the corner Of Market
and Tenth Streets in the city Of Whining.
ton, Delaware, up TO IL o'clock, a. NJ,
eastern time. on June TO- 1914 for the
structural steel and erection entering into
the construction and completion Of the
new county building for New Castle county
ana the new municipal building for the
city of Wilmington situated between King
street and French street and between Tenth
and Eleventh streets, In the city Of Will
mington Delaware; and 20 be opened pub
licly and declared by the commissions in
their Office.
separate proposal will be required for
each Of the two buildings.
Each proposal shall be accompanied by
certified check in the amount Of $4,000
The commissions reserve the right 70 re-
ject any or all proposals received. II they
consider IL TO the best interests Of the
county OF city so 70 do
The surety required 10 guarantee the
faithful performance OF the work will he
one or more bonds executed by one or more
guarantee or surety companies aggregating
ia amount so per cent. Of the amount OF the
contract.
The contract provides that the work shall
be completed within one hundred and
twenty C20l calendar days from the date Of
notice 10 start work
On and after June 1 the drawings and
specifications, the form Of contract, the bond
and blank forms for proposals may be OBJ
tanned at the Office Of the architects, John
Dockery Thompson Jr. and Palmer, Horn
6ostel Jones associated, No. 500 Ford
Building Wilmington, Delaware. One set
Of drawings and specifications, etc. will be
furnished 20 contractors intending 20 submit
proposals on application to the architects
and upon the payment of a deposit OF $50
this deposit TO be forfeited II the drawings
and specifications are not returned TO the
architects in good order before June 10
1914. Additional copies will be furnished
upon the payment by the contractor Of the
net cost of the same.
Plans and specifications win be supplied
10 material men, sub-contractors and Others
wishing TO submit TO tht contractors figures
for the various classes OF work, upon reas.
enable notice to the architects and upon the
payment OF the net cost Of the plans and
specifications required
THOMAS +. GORMLrY.
Secretary of the New Castle County Build.
ing Commission and the Wilmington building
commission. may23, 20, 9-iune2 $50
Evening journal., 1914-05-23
SPECIAL NOTICE.
NOTICE. TO CONTRACTORS

NEW COUNTY BUILDING FOR NEW
CASTLE COUNTY AND NEW NUM-
OPAL BUILDING FOR THE CITY OF
WILMINGTON.
Sealed proposals will be received by the
New Castle County Building Commission
and the Wilmington Building Commission
at the Offices OF the commissions, In the
Church Building, at the corner Of Market
ton, Delaware, up TO IL O'Clock, A. NJ,
eastern time, on juno 10, 1914, for the
general excavation entering into the con-
struction and completion OF the new county
building for New Castle county and
the new municipal building for the
city Of Wilmington, situated between King
street and French street and between Tenth
and Eleventh streets in the city Of Will
licly and declared by the commissions In
their office.
A separate proposal will be required for
each of the two buildings.
Each proposal shall be accompanied by a
certified check in the amount Of $500.
The commissions reserve the right 20 re-
ject any or all proposals received, II they
consider it to the best interests of the
county or city so to do.
The surety required TO guarantee the
faithful performance OF the work will be
one more bonds executed by one or more
guarantee or surety companies aggregatina
in amount so per cent. OF the amount Of the
contract.
The contract provides that the work shal
be completed within seventy (7O) calendar
days from the date Of notice TO start work
On and after June / the drawings nnt
specifications, the form Of contract, the bono
and blank forms for proposals may bo OBJ
tanned at the Otice Of the architects, Johr
Dockery Thompson, Jr and Palmer Horn
bostel g. Jones, associated, No. 500 For,
Building, Wilmington Delaware. One se
of drawings and specifications. etc. will b'
furnished 20 contractors intending TO submit
proposals on application to the architects
and upon the payment OF a deposit Of $50
this deposit 10 be forfeited IL the drawing
and specifications are not returned 90 tn
architects In good order before June / 0
1914. Additional copies will be furnishe,
upon the payment by the contractor. Of tn
net cost Of the same
THOMAS r. GORMLEY.
Secretary Of the New Castle County Build
/ ing Commission and the Wilmington Buildin
Commission. may23, 20, 29-june2 $50.
Evening journal., 1914-05-23
MASQUERADE SUNS

s,,,-,,.,,,- ,--.-..,-..' ,.,s.>.-,,->,.,@-~-.
NA A. Standerwick, No. go Vandever
avenue, successor 20 Mrs. John j. Quill 0f
520 E Fourth street marl1.tf
Evening journal., 1914-05-23

DIANo PARTLY PAID FOR WILL BE
il sold for unpaid balance. Other
markable bargains in high grade pianos.
GEWEHR PIANO CO.,
may2O1mo. PIG ". Ninth street.
Evening journal., 1914-05-23
BA Wilson Line
Fo TO
S%s Philadelphia
Passengers and Freight

Leave Fourth Street Wharf Wilmington
daily, including sundays, for Philadelphia
and Chestnut Street Wharf. Philadelphia, for
Wilmington, at 7.30 100, 10. 80 A. NJ;
~ clock noon. 80. o. 90. AS. 6 90.
100 3. 80 and 9. 80 p. NJ.
On Decoration Day, May 80, and Sunday,
May 81 additional trips from both Whining.
ton and Philadelphia at 10. As p. NJ.
On Saturdays, Sundays and legal HOLIDAYS.
between Philadelphia and Wilmington: One
way, soc; round trip, SOC on an other
days, special one-day limited ticket: One
way, l5c; round trip, 25c.
Evening journal., 1914-05-23
RuSINESS NnTICES

JAMES NAME,
Finance Committee OF The Council Of vii
mington, Delaware mav9g.2R