davidaulloa/AmericanStories huggingface dataset:
Jackson County journal. (Sylva, N.C.) 19??-19??, 1914-01-02
By CYRUS TOWNSEND BRADY
Copyright. 1912 by Cyrus Townsend Rracv

rAd1hlnpu my pistols and then call
ing out that would faithfully observe
tie flag Of truce | stepped out into the
open There below me on the edge Of
the glade. convenient to a tree behind
which he could leap, for the rascal
Jackson County journal. (Sylva, N.C.) 19??-19??, 1914-01-02
CHAPTER XVI.
In Which We Fight For Life In the
Cave of the Treasure.

e A 20 E had Withdrawn by tn1> sime
WEg1g to the back OF the outer
" cave Indeed. that was the
only safe place for MS for a
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-01-18
Trade Is Declining in Every Naton-Draws Conclusions
of Practical Value Every Business Man,. Situation in
the Two Groups of Great Powers-Opportunity
To-day in the Bond Market

require more money to save them from
disaster. and these are the first claims
on any investable surplus.
Il cannot help thinking that the in
vestable surplus which Is available for
standard stocks must be small. OF
course | have not a very large purview
nothing like what you have--but in
my small way II seems to me that the
investable surplus that comes our way
In reduced. There In some. evidently. be-
cause in the summer our markets were
choked with undigested new issues: n
halt was called and by the middle of
September to the beginning of October
the stock passed from first hands into
the hands Of investors.
Directly there were many signs that
this was the case the borrowers came
forward at once. but this is tina point.
the underwriters were reduced to the
same unfortunate condition very
quickly. The same thing has happened
again; the underwriters now say they
will not underwrite any more. and we
pearing.
1T may he urged that the amount
that came out with a rush was rather
ling wero issued in a month. and It
should be noted that nearly all these
issues We're of high grade securities.
There has been no alteration OF the I'M
derwriters' sentiments about stocks
which pay high rates Of interest. and
they may be assumed to be good Judges
Of what the public wants"
Considering the exceedingly keen
judgment OF this man and his position
to know the actual facts. 1t is exceed
ingly interesting to me to find that his
opinions coincide exactly with the in
vestigatlons of my organization.
The annexed plots, which cover the
business conditions of the leading ma
tons for the last ten years. show very
graphically just what has taken place
and Just what the conditions are at tho
present time. 1t will be seen that bust
ness is declining in practically every
nation. while certain nations. like Eng
land. Germany and Austria, are showing
marked falling off. On the other hand,
with the exception OF Austria and Italy,
the nations are still in an inflated condl-
ton. which means that considering Eu-
rope as a whole the depression Is just
commencing.
1t also will be found Interesting to
note the relation between tho two
groups OF countries. namely. the plots
Of the Triple Entente. including Eng
land, France and Russia, compared with
the plots of the Triple Alliance. inciud-
ing Germany. Austria and Italy. II
will be seen that the Triple Alliance is
more like the United States and has al
ready entered the period Of depression
and taken as a whole Is now below the
normal line. On the other hand, the
plots of tho Triple Entente (E,ngland,
France and Russa) show that the worst
In ahead and that much further con-
traction In necessary before tho read
iustment 10 completed.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-01-18
3SON SAYS WORLD is CURSED WITH ORNAMENTS AND
NEUTRALITY-SUSPICIOUS. CONDITIONS IN EUROPE

sure that II tomorrow met a man
from Patagonia he would have the same
report to make. 1t therefore Ia evil
dent that the automobile industry has
been a tremendous strain on the credit
of the entire world and is one OF the
chief causes Of present monetary con-
dtions.
The other A to which referred in
cudes ornaments. Few people who
have not studied the actual figures be-
gin to realize the tremendous expense
under which the nations OF the world
are staggering in their preparations for
war. Certainly unless the craze Is
stopped one or more Of the nations are
headed toward bankruptcy or revo-
luton.
Each year the nations are now spend
ing the tremendous. almost inconceiv-
able sum Of 50, 500 900 900 on account of
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-01-18
ny ROGER W. BABSON.

A MONG my various friends in
~ Europe there is one in whom /
have the greatest confidence
and whose opinions have proved
To be correct. This gentleman Is a man
OF great influence. being connected with
the Bank OF England and actively
engaged In financial matters. In two
letters recently received from him were
the following quotations. As these
were not given to me in confidence
take pleasure in passing them on to
readers Of THE SUN:
THE decline In stock exchange securi-
ties continues: 1t Is one day one group
OF securities, another day another.
do not know that tho end is visible
yet. but I suppose 1t will come about
IN the same kind Of way as it did after
the Barring panic. namely In an almost
complete cessation of enterprise and
fresh business till money accumulates
IN the monetary centres OF the world,
and It's mere pressure forces enterprise
again to renew it's efforts.
The naturally sanguine disposition
Of mankind Is leading q certain amount
OF people to say directly this war IL
over enterprise will start up again and
the money that has been boarded will
come out and restart the wheels.
do not know what you think about this
boarding, but I do not think there Is
much evidence OF It here. There is a
little slackening OF the tightness of
money, but We have all got certain obli-
cations. incurred in happier and more
careless times. which will absorb for
some time any savings we may make,
and the savings quite naturally during
the earlier future will be on a smaller
scale than heretofore; consequently 1t
does not seem probable to me to antici-
pate any very speedy recovery.
II wish your area e. had not been
80 long In coming. 1t hung about tho
line KY 10 long that thought you
must be wrong; but now 1t certainly is
here"
Il am delighted to know that you
Investments in bonds, but you probably
feel from actual experience, Just like
other people. that you have not got
much money to invest. A decline like
The present In the value Of stocks and
the great many other forms Of wealth
leaves the community poorer, and this
portion Of the community has nothing
10 invest except the difference between
what they mako in their various forms
~ livelihood and what they spend.
Up to the present time the pinch Of
hard times has not been severely felt;
frade, ut any rate here. while commence
ing TO decline Is yet active. and the
hanits ~ spending proportionate to
prosperous times have not yet been cur
Jailed Then. again. almost all Of us who
nave money invested In the stocks Of
commercial enterprises md that they
@a require more money. Sometimes they
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-01-18

ond instance he is employed very much
as a man would be for shovelling sand
from one pile to another. The man is
employed, but the world IN not bene-
fited by his work. In other words.
from the economic point OF view the
men connected with the automobile
business are largely producers.
When one realizes that this auto
mobile industry Ia as proportionately
great in all these different countries in
Europe as America the effect thereof
at once becomes self-evident. New
York Ii not tho only city where the
streets are full OF automobiles: the
streets Of London, Paris. Berlin. Vienna
and every other city are likewise
blocked by this new and spectacular
mode OF transportation. I even the
other day met a man from Iceland who
told me that he had two cars and am
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-01-18

In other words. present surface con-
ditions are better in England. France
and Russia than in Germany. Austria
and Italy, but this very fact makes the
outlook for next year more uncertain
among the Triple Entente countries
than among the Triple Alliance coun-
tries, which latter perhaps have seen
their worst. with the possible exception
OF Germany. In order to discuss these
six great nations I will take them up
separately, az follows:
England's position among the nations
Of the world Ia similar to that Of the
mlddleman. for 1t imports the raw ma
terials and exports the finished products
OF all classes OF goods. The condition
of crops in England, therefore. is of less
Importance than IL the case in most
other countries.
For several months trade has been
gradually falling Off from the high levels
OF last spring. which, by the way. con-
stituted the greatest volume OF business
that England has ever experienced. The
tremendous Increase in recent years OF
extravaganza and unproductive expendi-
lures. both public and private; growing
unrest in political and In labor circles
and the prevailing high rates for money
have brought about the inevitable re-
cession.
Trade returns show an increase In
the value of imports. but exports are
already decreasing. The iron and steel
trade, as we'll as the cotton industry,
continues to suffer from lack Of new
business: the hide ana leather trades
are apparently approaching crisis, and
in fact general business in nearly all
lines Is being liquidated.
The English money market has been
very firm in sympathy with other money
centres of the world. and SO far the
business recession has had little effect
on money rates. Decreasing business,
however. during the coming months
should bring additional funds into tho
market. and during 1914 lower money
rates may be expected. The stock mar
ket is exceedingly dull; the public will
not come into the market. anS its gem
eral apathy toward picking up stocks
on the lower levels or subscribing for
the new security issues Is reflected In
the closing up of many brokers' Offices
which are not making enough to pay
their clerical force. 1t IL doubtful, gen.
orally speaking. whether the prices Of
English stocks are low enough to buy,
and investors should study conditions
carefully before purchasing securities
The average price of the ten represent
tative stocks IL now l07 per cent. COM
pared with 10 per cent. in May. 1912.
and ssh In August. 1903.
Russia.
The composite plot Of Russia is very
interesting on account OF the fact that
its fluctuations are nearly opposite those
Of tho other countries. This 10 due In .
large measure to internal circumstances
for tho great decline In business In 1905
was precip!tated BY thsway with japan
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-01-18

war This past year England has been
spending over s360.0oo.0Oo France
over s3O0.00o.0O0 and Germany over
1926. 900. and Russia about the same
amount. In fact our own peaceful
country during 1913 spent about $685.
100000 in war preparations and In pen
sion payments.
This Is not the place to relate what
could be accomplished in spending this
money on good roads and other public
improvements or on Industry. educa-
ton and other greatly needed re-
forms. The point that desire to
make Is that out Of ever COLLAR
contributed by each reader Of THE Sun
to the support OF government over
IS cents goes to this foolish. useless
preparation for war and only S5 cents
Continued on Sirth Pd1e
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-01-18
EXPLANATION OF ILLUSTRATIONS.

WY the n
k h
III e 10 k prices in
d t he % land
h 70 d
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-01-18
and the general strike throughout

in the istsst estin,ates NJ the crons I, !
n estimated that tho total production NJ
u,hs., In pu.,,s vas cvsr sso mn nm
husheis a substnntiai increase over las, |
vo.r rhsre A. bowever a feature In |
Connection with I,ussia which will
douhti... hovn a ~rast ,nausnc. nm nor
future All over the country IA n feel. |
srs a. urro., wh,ch I. m nidlv snroadirg
a. ma ,,t,ermost psrts ~ the countrv
ara 4. coiocidsot with tho Increase In |
Meantime
ThI. nr.r,~,i,rr snidorn,c ~ .+r,kss
ara Observation-Disclosures. h. not an econo,,ic
factor a much A n IN po,itical when |
,hsss vsr,ous snh.rss ~ Aiscon,en, ana |
wnrs., coma torsthsr and hecomo
orvs n,.sa the nrssent desno,Ic C;overn.
nan, min hs ohi,Ued n vie,d 70 ths viii |,
40 ,h. n.on,o ana hrinr about Tho
n~e6sa reform in xovornment ana edu-
c.t,on 0,hsruiss ths country may ho
nIunved into a revolution comn,ete,v
eclipsinr the great crisis OF 1908.
France.
,. H. H. .u,, ..
~ ..s'S.e 20 ~ ~. a.,
S..a....t.. a., ,,,s,,,.. a. ,o.,o..o.I,,.,,,
.,..W p,,.,n,.. hau.,,.r 49,, a, ~.
L. nor al 20 do
-, s,',,,,a,,,, ,,.,,h u,or,du,do ,rade 40.
ci,no
Tbs .averse ,osi,,on NJ fnances 70.
surfing In /. b,o deficit In the new bud.
GOT has had it's effects ON nearly all
Glasses of trade. The late harvest has
been An average one az far as most
grains are concerned. The vintage.
however. is said to be but two-thirds
increasing Importance of this industry,
this will be severely felt in France.
There are about 100000 proprietors
cultivating 4.000. 900 acres Of vines. the
annual production or which In about
l'oOo,ooo'ooo gallons OF VINE
Ihe monetary Posi'ion vi france is
sun u,.aNo'av'e e"o" p'i' uiI'e,e'
Oh .he n.'ahclai s"ua'ion rs sen III ,lc
rae, Una, peop,e c,e M,.nu'a"nns uv Nv
ro'"s. n."e s,'. ,u u ~
.o', , -, Wv 49,. ~n,. .'s - .s
.I cn'.,, ~ 0 ., as,
ooo rr.nns n,haraa. ,ha u,,,harn,.ai.
o,,,o,r,aa 20 mis- ooo fr.rcs shor,ry
On sxooss In Ton davs ~ w,,hdrowa,s
car d.nosI,s NJ over ooo ooo franc.
From, the f,rst OF the wear IN To date
mi. excess has been over 81 600 900
francs. which is very abnormal.
Money rates continue generally high.
but with the decline In business rates
should become easier. The average
price OF ten representative securities is
247 per cent. compared with 255 per
cent. in March 1910 and zoo per cent.
in March. 1904.
Much appeareu III tne paPers .noh'h
or 30 ago Iesaro'hs 'he FAMOUS rsencn
.oah' AMOUNTING 10 over I,VVV'ooV'ooo
francs, space uoes no. peI"ni. me 10
en.e. my u,a '' - ' IN, ,nls ,o',,'.
ou. .ne iae's I'M" ,.o'' '"e H'o"o"'s'
o'.c.rs T'. 49,.
no " ,e' "'''.n. "as w"
enpp."s INV 80 ~ oNia'asa".e''
Which, 10 put ~ ",'u,., e"uanser ,ne
equilibrium Vi the puuse'' 'ol'i uils
I'm U, we" We 'l.u,eu W =. NV Ise
.he w'ouo'' VI ."Id' ,',s ~ I,",c 'o''
ing vi tiIe army anu VI e'''.'a' htHt on
nuse .ap.''i eNpe"u...o 40, LUZ 'I'c"-
s.o"s Jus. - ~. - -
,,,a,r,a "a p,,ss,a
..,,,n ~. -" c
u" - a, Wv ~, -, ',' ~, i -
" ~. 'cs'.u'. "' VI. as .n 49,
auu'''o"S ~ VIC mp ou"o.'. eNpe'''-
lure u" 'h''''a's a'IhaI'e"'S - iu's-
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-01-18
n ussta.

The composite plot Of Russia Is very
interesting on account OF the fact that
of the other countries. This 10 due In .
large measure to internal circumstances
for tho great decline IN business In 1906
was precipitated BY thswar with japan
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-01-18

Continued on Sirth Page.
The chronicle=news., 1914-04-23
sTRENGIH FOR OLD PEOPLE
A Simple Ready whseA Fsvsss
ioarstiYv-

N1si act As sA@isa s~s !ass ~"A-
dsssa h.s ssa srr sssas 4. get
,hs"asa 'hi. "gisE season and ID
yoNs saFs-
S0a sass Sp atersoshsa Of h.s. =
bad s.ia .sirh hss isfs sea vi,ha-s,
s5seazth. asnbislSs ss asss issssss'
in life In fact fpa ate all su1.sss d
1s-s Ne tell 5oi shat Nisois ~sf de-
tivl5s7 sa.i lisss sad iFsa soalss ..
iass ~ remedy S"si a.-.i to repiii.i
sssilss tissues sa.i r.pia.. ..aea.s-
with ssssazihs
\ SEC sitnra, fS~s'pn is~,sf saSs
NY sss,hsr. ~hs is :. ,-srs Of ss..
sp-s h-r s.gi hssi,h to viaai a
sine- sshshs il she saH ssih farther
a.i sis asosp than .h- has foE s.ats-
suHsit-- IL wura-sfai bins-s maxi
Iaz ard s'tsnsts.vsr~iiss taai..'
Nc have st.h faith IN SSsal that
IL u docs not quickly b~iiii ye-s up.
r-sias- yesr strength snd make yos'
feel vol axsin. ~- ~tii sciufn yous
ns.auy. Tsy vinai On uir xuAsaal--.
The iiauan,aa bsus 10. Tsisiasa.
C.i..
y. s.--tt 3oa have Essrma isy
pur saso sais-. We .;uaFaaiec u.
The chronicle=news., 1914-04-23
UP TO LIEUT.. GOV. TlrzaARRA1D

Pueblo Star.Journal:
With Governor Ammons absent
from the state On official business at
Washington. Lieutenant Governor
Fitzgerald Is confronted by a SER
ious situation In the coal fields. In
net conditions nrc now worsre than
before II became necessary to call out
the militia. No sooner had Cover.
nor Ammons left the state after the
main body OF the militia had been re.
called than the STRIKERS broke loose.
Although several were killed In one
encounter. II was only preliminary
to the fierce battle waRed ON Monday
between armed strikers and small
force OF militia. AT least thirteen
have been killed In this fight as q
resrult of the strikers beginning an
attack. Today the situation liz more
serious than at any time since the
opening of the strike. .f- ,t,1
Colorado has had enough of an
archy and bloodShcd and the lawles
men In the coal fields must be put
down. Armed strikersr are every.
where in the district. They wanted
the militia removed In order to be-
gin once more their campaign
against life and property. Bloodier
scenes than those of Monday will be
enacted IL the district is not placed
under martial law again. General
Chase is needed at Trinidad again
The situation calls for rdastic action.
Lieutenant Governor Fitzgarrald ia
In authority and must assume full
responsibility. The majesty of the
law must be upheld. This is impos-
sible under civil authority. There Il
nothing to do ubt to order the militia
into the strike region and II neces-
The chronicle=news., 1914-04-23

IeAsaL<seA that the great haAy a
the ssSSis is BY far the Aasa vital
eieneAl 10 ~ eSasSAsse1 il Askian
a. saiassAesl. saa that eses tLs
welfare ef lv.s~-.sss aeskaes
skssiA sss sslssisA the rishss ~
los. .sSs. .ssp people, Care sHsa sisS
BE- lAkss sSs 10 20 To the ether eS.
ireas Of erSshiss isaiStdasi rishs
ssd.s tho sSiss ~ hsioiAs the shaas
haAS II the sssSss. sisse ssaSh sxtIoa
sesiA be ~ sseh = Tsoss - "a
naks seiiertise rights ssbs~ssisss "a
the isdiviassi,
GSSa the seSDN at the saasse~'
stsssi sanSilise the ssliossi issis-
isiise is.as. il is seii~ssi. yiit haze
- opf-sxsasiiS is srsospii.A great
GOD In fair sssaasiaa vi the psos-
len Of the relation af .ssiosss ss1
sapts,e-. NssS ~Sss siii Ne sssss<
- N~shisssss. ssa II is ssF@a that
. ~ssksiss lassshss si iAhar ssd
capital siii ~ established ss tbs
sxss a. cossFeSl People are ssStss
that II Mas The isfosnsiiaa. the isp~-
es ssa the ability. sS sh. ss,s~s~
uiii Of Shs prsSi~. ssa lh~S sf~s ASH
iss cha, sss siii BE- made ~ the os.-
tostasilSs
The chronicle=news., 1914-04-23
NOTICE.

The vcrmcjo rancE. situaicd lin
Colfas county. New Mexico. ~ slid n
In the deeds for said land ~ rh
were recorded In the offics Of The
county clerk OF Colfax coc-.y. FROM
the Maxwell Land Grant. company
10 Mary W. Bartlett. May ). 1909.
and September ?5. 1909. has been
created game and fish preserve un.
der the laws Of New Mexico and II.
censes duly issued. Under said H.
eenscs. ail game quadrupeis. and
game fish become the property Of the
owner and no fishing or hunting on
said vermejo ranch will be permit
ted without written permission from
the owner or his authorized agent.
II WILLIAM II. BARTLETT.
The chronicle=news., 1914-04-23

fsdo has sees pai To 80 ea.sssiss
coat By ihts strike. u hsa spsss tho
ts,sin~~s Of every s~esioa At the sssis
saa i"orea' people have suffered. Il
must b. sioep~a II dssssic urassrss
hate 10 bs lskes. The kiiling Of lhe
guards yesterday: the hasniag oe The
'ippi~~ II diff~sest Mlass. the Sss.
essi waa'os Destruction of peo,sssy
has snn~ far capush. Asd o. top os
that. and ~ilh that. coaes the saas
old attempt 10 lay tho hurdsa Of sli
blame on the s,souldces Of others.
The p:opic Of this state srs aos 70.
iss TO believe shss sess II sajk. The
Chieslaia had It's ows eosrrseoadsal
In the battle ss Ludlow most Of the
day Monday. No Drawer psesr had
a man In tho tiesd. All iaror1aiiue
sccas-d by I,-nscr psi,cr~ zane s~e-
oad hand. sad what l. more. esms
from prcjudiccd hands. The Chief
tain si all times has believed In Law
and order. II s'iil mainiains that
Is'siii0n and II wants the blame
placed ~h.rc tho blame belongs ssd
not on innoccnt shoulders. The pub.
iication Of ab.irdiy false Statements
has already done enough harm. ID
the name of Justice and right lets
have tho real truth.
The chronicle=news., 1914-04-23
WAS no suRPRlsE
Pueblo chi~flain: :

1'urbi. chi~flain;
The expected has hsppeaVd in the
strike sonc Of s0alhrSn Colorado.
Every one al all acquainted with
conditions In that section ~as out
spokca In sa3In that u the ,toops
were taken ont he'll would i,e Pop.
.sinx.'' The fisins by bsad os
sSm~d Greek strikers on = small
s1usd of riiisrn.soidi~r, NJ tAidlo~
came ~ NO ssirprisr tn those ar
guAinird with conditions. The icss
Of life which followed probably Vas
not counted upon by th~sr rrckic~s
mca when they sought to wipe ous
tho fcw Representatives of the state.
They figured their numbers were su'-
ficicnt TO protect their tent colony.
but here WAS their error. They were
driven back from post TO post and
through an accident the tent colony
waa set afire. The cellars dug for
protection became the death cells Of
the innocent women and children.
The effort OF privat-s in the militia
to save some Of these women and
children. and the work they did
aionE this line under fire from the
strik.rs Ia worthy OF commends-
tion.
John X. Lawson can hardly longer
claim that he has not approved Of
the militant forces. In his own tent
at Ludlow was stored large amount
Of ammunition. The explosion OF this
ammunition. by come. is held rc-
s3onsible for the fire. although the
actual starting of that blaze can
probably better be credited to the
,ovcrrturning of lamps or stoves In
the hurry to get away from the bull
let's which raincd upon the tents.
Like the terrible catastrophe at
Houghton, when the lives Of many
innocent women and children were
sacrificed by the rccklcssness OF some
man. the lawless element at Ludlow
and in the southern coal fields. will
have to answer. The state OF Colo
The chronicle=news., 1914-04-23
NOTICE

Whereas. our ranch. situated ou
tho h-ad~a ~alcfs ot tho Ca-'iiia river.
Taos county. Nc~ Mexico. having
b--n made a Eain~ AMI fish ps~r~r,s
under tb, ia~. of the state of N~~
Mexico. known a- The C".'iiis
Game and Fish Preserve aud
whereas. the object at saii game and
is,h preserve being for the protection
ot game aud fssi, aud their increase
therefore. notice II hereby St.cr
that mo- permits for hunting. shc",'
ing or fishing. will be issued slurins
the next three Year,.
THE ADAMS CATTLE co,
ny II. ". Adams.
n General Manager
The chronicle=news., 1914-04-23

tho cords md lrnmcnts resulting from
muscular c:sirtnsion. Beneath tho sur
face Is IL network Of linn nerve threads
md tho gentle. tnnr. cmbrocation.
"Mutlisr's Friend" IL designed to no
lubricatc tho muscular fibrcs as To avoid
tho unnecessary ana coatii;uoIJ nnSging
upon this myrnd ut nerves. Applied to
the brcnsis II AFFORDS tho proper massagu
10 prevent cnking.
There Is scarcely Il wcil-stocted drug
store anywhere but what you can easily
obtain IL bottle OF Mothers Friend and
III ncnrly every town nnd village ts q
grandma who herself used IL in earlier
years. Expectant mothers are urged 10
try this splendid assistant,
Mothers Friend has been prepared
by Bradticid Regulator Co., $40 Lamar
Pldg.. Atlanta. Ga. for nearly half 0
century. send for valuable little bVok to
Cxpectant mothers.