davidaulloa/AmericanStories huggingface dataset:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-08-31
LAST PRICES ON THE STOCK MARKET


has heenc closed
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-08-31
PARIS BOURSE
REMAINS OPEN
Plan TO Convert New Re.
deemable Loan Into
RenteS Considered.

Paris. Aug. 30.-The Paris Bourse
alone remains open among the big
financial markets. There is slightly
more activity this week end, due chief
ly TO the liquidation of some incon-
venient positions. Confidence prevails
on the Bourse.
Some securities were negotiated for
account, including Spanish Rails,
French credit banks, Russian per
cent state bonds and railroads
The new French 3l2s are very firm
at 81. In the outside market Just
opened New Orleans municipal light
ing bonds fetched for cash $40.
No date has been fixed for the re
opening of the official money exchange
market. Bankers, nevertheless, are
busy dealing privately with cheques on
London. English sovereigns show a
sharp advance at So 05. In the same
way cheques on New York between
bankers are worth francs II confines
a dollar. but the ordinary customers
rate is 3 francs 70 the dollar.
A proposition 10 convert the new 312
per cent redeemablc loan into tempo
rary per cent rentes Is under consid-
Grafton by the Finance Ministry. This
rate of interest would be gradually re-
duced eventually 10 an actual rate OF
81 per cent. Alexander Ribot. the
rev Minister of Finance. is the sound
est and ablest fnancier of all the
French statesmen. Great interest Is
taken in the decision he will make TO
raise the vast sums required to carry
or the war.
Complaints are general against the
moratorium granted by the government
to protect the banks from the on
slaughts of their frightened depositors.
First 8, then 10, per cent of bankers
debts to their customers Is regarded
as too parsimonious. Financiers con-
sider the banks should pay their debts,
but not necessarily in hard cash or
banknotes. That is impossible. Hun
dreds of millions of dollars are to-day
hidden IN France in banknotes and
metal currency.
The following plan is urged upon the
government by financial experts: A
system of transfer bills or certificates
should be adopted between all the
banks. which system of transfer would
not only be negotiable in France, but
abroad. This would facilitate the re-
turn OF commercial and industrial ac-
tivity.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-08-31

have sought an injunction. Even the
granting Of n preliminary injunction,
which would have kept the exchange
open for the shortest time in which
such iniunctions can be dissolved,
would have precipitated an economic
tragedy in America. Hundreds OF thou
sands of innocent persons would nave
been ruined beyond recovery.
again, If the exchange had been IN
corporated and the governing commit
tee had prohibited private trading, as
the committee of five Of the Stock TX
change actually and wisely did, there -
no telling how many injunctions would
have been sought to prevent such pro-
hibition. During the time necessary
to obtain the dissolution Of even the
preliminary injunctions great and ire
parable loss and injury would have
been inflicted on numberless innocent
persons. Never in the long history OF
the agitation for compulsory incorpo-
ration Of stock exchanges at home and
abroad has there been stronger and
more conclusive demonstration Of the
falacy of this measure.
"The prices of securities are regu-
lated by the two factors which regu-
late all other prices, namely, value
and supply and demand, and if for
eign holders found it necessary to
convert their securities into money
at any cost, all the government super
vision and regulation that could be
conjured up by the liveliest magma
ton could neither prevent them from
selling nor fix the prices they would
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-08-31

subject by stating indirectly that TINS
does not constitute actual transac-
tions. Short selling IS as much act
ual transaction as any other. Inc
stock is sold. delivered and paid for
in full. II there were anything nc
titious about il, it could be discov-
cred with little difficulty, and, as Mr..
Untermyer should know, the consti-
tuition of the exchange provides ex-
pulsion as the penalty for a viola
zion of the rule against fictitious
transactions, and the penal law OF
the State Of New York holds out I'M
prisonment as an additional deterrent
A complete answer TO Mr.. untermyer
present criticism of short selling ~
TO be found at page 397 OF his testi,
mony before the Senate Banking and
Currency Committee February IL,
I9l4) in which he says: i have not
argued here or elsewhere that snort
selling was an evil The two state
ments are irreconcilable.
Again, Mr.. Untermyer speaks OF
illicit methods of the exchange. lie
cannot be quite serious IN this. FOR
his vast experience in Wall Street
must have taguht him that the prac-
tees of certain individual brokers have
not only never been sanctioned or per-
mitted by the exchange itself, but the
exchange, by its governing commit
tee, has adopted the most drastic and
stringent rules to prevent such prac-
tees, and these rules have been upon
it's books for many years, and long
antedate the enactments Of the penal
law upon the subject.
Lastly. Mr.. Untermyer's statement
in the closing part of his observa-
tions, to the effect that the exchange
'thrves' on illicit activities deserves
the severest contemplation. 1t is the
language of passion and excitement.
and should deprive his utterance3 Of
the credit usually accorded to the
calm, deliberative statements of care
full persons. 1t is statements such as
this that cast doubt upon Mr.. Inter
myers sincerity. As they are likely
to create false impression in the
minds of his readers who are not ia
miliar with the facts and cannot,
without great difficulty. become so,
they are unworthy Of any man who
aspires TO the confidence of the
public"
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-08-31
Figures Called Wrong.

"On its face, Mr.. Untermyers state
ment of figures must be wrong. 1t
can hardly be that European holders
were selling only fifty to one hundred
thousand shares day, or that one
thousand shares were sold short to
every hundred shares sold by owners.
If, during the two days Immediately
preceding the close of the exchange,
but 100000 shares were sold by for
eign holders, averaging 500 par
value, this would amount to only Si0,-
100000 worth of securities. This is
altogether too insignificant figure
for the situation. 1t is more than
likely that S200,000,000 worth of Sc
curities were thrust upon the New
York market for sale during those
two days, and it is safe to say that
a careful investigation will show that
the proportion of short selling was
very small, and that the bulk. if not
all, of the transactions during the
closing days were actual bona tide
transactions. in which actual sales
and deliveries and payments were
made.
without going into details as TO
the nature of short selling, Mr.. Tn
termyer puts fallacious view Of the
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-08-31
Samuel p. Goldman AS
sails Untermyer'S Views
on Federal Control.
SAYS INCORPORATION
WOULD BE TRAGEDY
Iniuuctions Would Give Time
for Irreparable Loss to
Thousands.

T'nworthy OF any man VINO aspires
TO the confidence OF the public ~ the
way Samuel =. Goldman, lawer, VINO
has made special study of Stock EN-
change practices, characterizes re-
cent attack on the New York exchange
by Samuel Untermyer.
"Mr. Untermyer's structures on thes
New York Stock Exchange are basen
entirely on an erroneous assumption
SAYS Mr.. Goldman.
ain the first place, he speaks OF
abuses as if the abuses he had IN NINA
have been patent within the last lie"
weeks. The very contrary IS true
During these troublesome times the
strength and solidity of the exchange
have been demonstrated more than
ever, and nothing has been more patent
than the absence of abuses, particular
ly those abuses which the exchange
under his own regulations. has sue
ceeded in removing, or, at least MINI
MIXING.
"He is greatly in error when he says
the closing of the exchange was maze
necessary solely by the absence OF gov
eminent supervision and because ma
nipulation and short selling were per-
mitted. That no manipulation now
takes place on the exchange can be as
serted without the fear of contradic-
ton. and that short selling could not
cause the closing of the Stock tx
change would seem 10 be so obvious as
TO be almost n trulsm.
at is impossible for one familiar
with the theory and practice of stock
brokerage to see how government SUI
pervision could have kept the exchange
open. Government supervision could
not have restrained foreign holders OF
securities from endeavorlng TO sell
them in the New York market. nor
could government supervision FIX the
price at which foreign holders OF Amer
lean securities must dispose of them,
nor could government supervision TX
the prices at which American purchas-
ers would take IN these securities.
Supervision Impotent.
"When one examines the sort OF gov
eminent supervision set out in the re-
cent proposed laws submitted by Mr..
I'ntermver to the Committee on Bank
ing and Currency of the United States
Senate. il becomes quite apparent that
government supervision would nave
been wholly impotent to maintain the
Stock Exchange as an open and free
market where foreign holders of secu-
rites could turn in their holdings IN
large quantities and be paid for them
in American gold.
at would have had precisely the OPP
posite effect The whole basis of Mr.
Untermyer's proposed legislation in re-
gard TO the Stock Exchange is COM
pulsory incorporation. Had the New
York Stock Exchange been Incorporate
ed when the war commenced any per,
son with an Interior purpose could
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-08-31

Joseph Clement Coll, the famous pen
doubIe-centre drawing. depicting the
leading characters from eight Of
Doyle's best known books, which is
presented in color in the next Sunday
Magazine Of The Tribune. And the
cover is a reproduction of a Lumiere
photograph made by Arnold Genthe for
the Sunday Magazine when Conan
Doyle was in America last June.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-08-31
Exchange Rates Still Higher.

During the week there was no sign
Of easier exchange rates. Grain bills
and sixty 10 ninety day cotton bills
appeared in some small volume, and
there was some drawing Of finance bills
against credits established in London
owing 20 the greater ease OF the Lon
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-08-31

JOLlNE. LARKlN RATHBONE, Counsel
CHARLES E. SIGLER, Secretary Wall Street. New York City.
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1914-01-29
No Man Forgives a Won
an for the Things He
Forgives Himself.

He would hold it over her head
like the sword of Damocles, and
there would never come an hour
of disagreement and anger in
which he would not taunt and re-
proach her with it, for no man 10
really big enough to forgive in
woman the things he doesn't even
reproach himself for having done,
and that he expects her to for
give.
After all, marriage is the begin
ming of new life, and it is OF
much more importance to both
husbands and wives how they are
to live than the kind of a life
they have lived before.
Wise are those who put the
past behind them, asking no
questions of the dead past, but
turning their faces toward a wor-
thy future. Some of the noblest
men and women in the world are
those who have risen to higher
things on stepping-stones of their
dead selves"
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1914-01-29
Keep Radium Out of Reach of
Monopoly

Long suffering the American people
private monopoly of the only agency that promises for
cancer is more than they will patiently endure.
Evidence of attempt the output radum
the Government to
bearing lands As well grant charter wreckng company
patrol the charge victims dollars apiece
for seats eboats permit greed to step between the
from dreadful scourge hope of
rescue
The records of the New York Health Department show that
in 1913 there 82b deaths from cancer of 2
those of 1919 and of 1851 those of 1911
With the disease progressing such fearful it takes
the of catastrophe of which emergency
methods become imperative
Congress has already informed by
unquesoned by the conservative scientists that radum
the only known of fighting the disease and that there
solid basis for the belief that many
Gated by the mysterious emanatons element
Perhaps yet no absolute proof of the existence
of radum But past experience demonstrates that the
prospect of great gains will wther many conscience and if
radum not controlled by the Government will con-
roled private monopots who will heavy tribute from
rich victims of and leave the poor the
gerng death that always accompanies it,
Here real emergency 1t duty of Congress
prevent radum monopoly prevent monop
oily of feboats in food like which Ohio last
year.
The people of the country have endured great deal in the
way private uncontrolled monopoly food and coal and
ice but their endurance has well defined limit it would
be passed Congress make possible grabbing of the
radum supply by avacou corporation collection of cor
porations.
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1914-01-29
STARS AND STRIPES

The Administration trust poll
cy is not Let us have peace!"
but Let us have pieces!"
George Bernard Shaw says his
new play is utter nonsense. But
he causes to be contradicted.
Mr.. Taft tells Secretary Bryan
that talking aids digestion. If
that's so, Mr.. Bryan must be
walking pepsin tablet.
Recruit refused for United
States Navy because he had
September Morn" tattooed on,
his arm. Doubt if he could 10
through the mails, either.
It's perfectly evident that the
japanese don't consider the Cali
fornia land question settled. They
have just appropriated $4,000, 900
for new dreadnoughts.
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1914-01-29

curry favor by telling me of It,
And of this never for a moment
doubt that the man who success
fully manages a great railroad,
bank. factory or other enterprise,
is one who neither listens to nor
bears tales to any person of what
this one says or does. He treats
all with courtesy and fairness,
and like the great and loving Elk
ecutive, when his generals were
accused, deducts rs per cent from
every accusation and throws the
remainder in the wastebasket.
Actions alone count
Where many men are employed
there are always some who are
full of plots and of schemes for
more pay, shorter hours or ia
vors generally. They scheme to
have one foreman bounced" in
order to have another man, who
will help their cause put in
charge.
Should success follow their eff
forts, and the old foreman be re-
placed, the first move of the new
man will probably be to dis
charge the conspirators who
helped him.
Men who conspire and plot.
and who lend ready ear to the
idea of a strike, are marked on
every time book for dismissal
when the hour is ripe. And when
ever you find a man who spends
half of his time looking for a job
you can rest assured that he is
one who carries a large cargo of
tongue"
You can never stand in with
the boss by telling him of those
who are laggards. The only way
you can win his favor is by set
ting the loafers a pace. He
knows all about the loafers. For
if he did not he could never sue
cessfully manage an institution.
No man can ever succeed who
hopes to get a better position by
) defaming or dragging down the
reputation of another. There is
but one way to win, and that is to
do your work well and speak i'll
of no one, not even as a matter of
truth, Any other course leads to
fears, tears. woeful waste of life
force and oblivion.
There is only one way to win
the favor of rood men, and there
is only one way you can secure
the smile of success, and that is
10 do your work as we'll as YOU
can and speak Ill OF no one.
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1914-01-29
Learn to Master the Tongue"

SRAEL ZANGWILL once Wis
tied the city OF Chicago.
Among other places of inter
est he was taken to the stock
yards. where luncheon was served
for the party, During the meal a
pert miss. seated next to the
guest of honor, asked him this
question: "Mr Zangwill, how do
you like Chicago ham?"
The Dreamer of the Ghetto
raised his sorrowful face and said
quietly, 81 like it, like it-much
better than Chicago tongue!"
Too much tongue is bad thing.
When we recall that some of
the best and noblest who have
ever lived have been reviled and
traduced. indicted and executed.
by so-called good men-certainly
men who were sincere-how can
we open our hearts to tales of
discredit?
The entire Salem witchcraft in
sanity was nothing but bad
case of scandal Much OF the
martyrdom and bloodshed of the
past can be traced directly to the
same cause, Nations have gone
to war because some princeling
has charged that king stuck his
tongue in his cheek and bit his
thumb when another king was
mentioned
One popularity OF scandal is
that when il is passed along from
one person to another 1t takes on
ptomaines. The original remark,
uttered in a certain circle, may
have been utterly devoid of poi
son; but when the repetition
comes in a different atmosphere,
TO different hearers. told by an
other man. the wit that once dis
infected the thing is gone and we
have only dead, stale. tainted,
Improbable stuff
And so YOU see how a person
who repeats an unkind remark is
probably doing much greater
mischief than the one who first
voiced il. The man who repeats
the story, and thus retails the
poison. fails TO supply the anti
dote. Let his name be anathema.
\ ludicro- tragic feature of
tongue is that those who deal
in it most always are full OF
grievances and walls, because.
they allege. other folks are talk
ing about them Indeed, this is
their excuse for the constant use
of the hammer--that someone is
knocking on them They mis-
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1914-01-29
No Woman Expects a
Man to Reveal All His
Bachelor Life.

But no woman expects the man
she marries to make a clean
breast of his past life to her be-
fore they are married, nor does
any man feel called upon to recite
the litany of his sins to his pro-
spective bride, or deem himself
dishonorable in not doing so.
And in this, l think, he is ex-
actly right The past of a man or
woman concerns the individual he
or she is going to marry only in
so far as to the character it has
produced in the man or woman,
and the complications it has
brought about.
If the past of a man or woman
has been such as to leave him or
her the victim of disease, that
concerns the individual he or she
is. proposing to marry, and he or
she has right to know it in time,
to avoid being murdered or bring
ing into the world sickly and
neurotic children. But the time
will soon come when a health
certificate will be attached to
every marriage license, so no per-
sonal confessions on this score
will be necessary.
If a man or woman has been
guilty in the past of some act
that leaves a menacing scandal
always pursuing him or her, he or
she should certainly be honest
enough to tell the woman or man
he or she proposes to marry of
it before the wedding day. No
man or woman has a right to
bring unmerited disgrace upon
another.
But where the sins of either a
man or woman have been merely
the follies of youth, faults COM
mitted in hot blood and repented
of as soon as done, and that have
mercifully left no sinister aveng-
ing ghost behind, then they are
best buried deep in perpetual ST.
lence. 1t serves no good purpose
to drag the skeleton of these mis-
deeds out into the light and rat
tie their dry bones.
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1914-01-29

Governor Blease, of South Car
DINA, pardons a negro convict on
the grounds that he was indie
scribably tortured by whlte
guards. Yes, but what about the
guards?
Austrian field marshal com
mands army officers to order
their wives not to wear slit
skirts If the Austrian olficerS
can enforce obedience to this oe-
cree. we pity the army that ever
. goes up against such men.
Sir oliver Lodge declares TIA.
we shall soon be able to contrcl
the weather. The poor weathef
man gets it hot enough now
when he merely predicts; Whal
would happen to him IL he were
really responsible for the weather
we tremble to contemplate -
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1914-01-29
NEW NUMBERS FOR HOUSES.

Editor The Georgian:
The street numbering plan,
suggested in your editorial of
Tuesday, with map illustrating
same, can be improved on to
make it more simply understood
by the masses, particularly
strangers in the city. | approve
of the general idea OF using de-
fined east, west, north and south
lines. to divide the city and the
Inauguration of the 1O0-to-the-
block or centenary system of
numbers, but your plan leaves
room for considerable confusion
because OF the use of imaginary
lines from the Pryor street engine
house to the State Capitol at Cap
itol avenue and from Edgewood
avenue at Five Points to West
Hunter street beyond the Ter
minal Station.
A better plan would probably be
to let the line from north to south
follow Pryor street from the in
tersectiofi with Peachtree at the
Grand Opera House, all the way
south to Lakewood. Pryor street
is a continuous thoroughfare,
coupled with Peachtree and West
Peachtree. and runs through the
downtown section of the city in
manner that would make ii
adaptable as \ dividing line
South of East Fair street 1t would
serve the purpose just as well as
Capitol avenue. The new ten
story Courthouse, Union Depot,
and Equitable or Georgia Trust
Building would be landmarks to
distinguish this dividing line.
To better define the line from
east to west. where your plan
makes 1t imaginary, Edgewood
avenue could be used as di-
viding line only east OF Pryor
street. West OF Pryor the line
could start at the Union Depot,
follow the railroad tracks to the
gas plant and city crematory,
which is on a direct line with the
depot and the bridges crossing
the railroads. and then go across
the yard end of the Terminal
station trainshed to the edge OF
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1914-01-29

Those who live by the hammer
shall perish by\ the hammer.
If you work in a department
store, a bank, a railroad office. a
factory, beg of you, do not
knock. Speak ill of no one, and
listen to no idle tales. Whether
the bitter things told are true or
not, has no bearing on the issue.
70 repeat an unkind truth is just
as bad as to invent a lie. If
someone has spoken i'll of me. do
not be so foolish as to hope to
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1914-01-29
By EBERT HUBBARD

take the sound Of their own ham
mers for that of others. Any
man who plots another's undoing
Is digging his own grave.
All those plotters of the French
Revolution who worked the gull
lotine in double shifts were at
last dragged to the scaffold and
pushed under the knife.
The hate we SOW flnds Judgment
in our hearts, and the crop is
nettlcs that fate unrelentingly
demands we gather.
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1914-01-29
Significant News From Japan

Immediately after the japanese Premiers announcement
that negotiations with the United States to an absolute
end the Japanese Government demand for
for fighting vessels This appropriation to SsooOo
600 which will provide rsclas battleshps and
needfu auxiiares
Meanwhile Congress that provided one United States
bateshp last has not yet been authorize two
fighting vessels this year
Why the Japanese need an increase in their
navy may conjecture when that the Premier
concluding his address concerning negotiations with the United
States said that some other way must found to deal with
America
What this other way to be is clear all thinking men
1t ought to be sufficiently clear the majority in
Congress to convince them that has ceased safe to allow
the American Navy year by year progress backward