davidaulloa/AmericanStories huggingface dataset:
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-01-04

Of forty-hvs miles. Throughout their
rambles In these great attitudes Or.
and Mrs, Workman were attended by
three faithful black crows which fed at
the various camps pitched
In very matter of fact manner Mrs.
Bullock Workman described the scaling
OF virgin peaks much as an ordinary
woman would describe climbing up the
Monument Here is AN example:
"A peak which | ann about TO mention
strikes the eye north. being one o, the
landmarks OF the Blaphond La. had
selected this mountain as Offering a
probable fine point OF view in 1911. but
the weather when We were In its vicinity
was unfavorable for It's ascent. II II
were ever to be climbed this seemed 20 be
the opportunity, The caravan was ac-
cordingIy diyidod, the supply one continu-
ing on TO Lo!ophond. while we with a
smaller one, leaving the pass, descended
north to snow hollow from which a
steep furrowcd slope led us 10 large
plateau. where camp was pitched IN the
snow at $4,000 feet.
THE next day more slopes were as
ccnded TO a rock ridge juIting out below
the main peak Here DR.. Hunter Work
man set up his cameras and Instruments
and remained at $4,000 feet, while | con-
tinued upward with three guides II was
IA rather difficult climb. the middle part
DNluS oVSlutuly oWilIs W tle
melting Of the snow. through which we
sank on to hard, black ice. which neces-
STATED constant step cutting. on the
last 200 feet tho snow was deeper and
more stable. The gradient was from 40
TO 80 degrees"
Found Flowers on Glaciers.
Up In these frozen regions OF the Hlma-
layas flowers were found and cases OF
grass land bounded by the glaciers and
rocks. The Slachen Glacier Is named
after roses The lecturer explained (:
"Sia is the Balti name for jungle rose and
chen means a collection of thorns, Such
wild rose bushes are prevalent In the
nalas and flourish in pink and white
splendor 10 the tongues of the glaciers in
this part of Baltistan. Siachen when cor
rectly spoken Is cultural and requires an
effort 10 pronounce and to my taste tho
English name Rose Glacier is quite AS
appropriate. Its very incongruity as APP
piled to this huge Ice sheet pleases the
fancy. On many glaciers the junale rose
IL found on mountain tanks well above
the shouts. but on the lower Siachen
TANKS one IL fortunate to md stunted
edelweiss and other small alpine fora
while on the route OF Its upper thirty
miles only snow roses thrive Ice forma-
tons resembling roses l noticed In some
of Its chasms"
There Is a legend that there was once a
fiourishlng city high up In these forbiddinG
regions. the tabled city OF Tarim Shehr
which the Baltis destroyed by magic as
the result OF feud with the Yarkand,|
who Inhabited It.
This Is a unique spot In the hearl Of
this Ice world" said tho lecturer. "sur,
rounded on all sides by miles OF glaciers
and ice girt peaks and may well be named
Tarim Shehr. or last oasis Thus spelled
Shehr In Persian means city, and In tn,
legend furnished me by tho learned men
there was supposed to be an ancient cit,
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-01-04
NJ. DOUMERGUE A JOURNALIST.
New French Premier IL on star Of
the "Lanterue."

PARIS, Dec. 2s.-M Doumergue. who Ia
20 see what he can make of the French
Premiership. Is on the stan OF the Ian
tcrne. which journal seizes the opportunity
to describe him as charming, jovial and
thickset"
The purists object to him because he Is
not sure about his subjunctives. and that
Is not a grave disqualification In the eyes
of the practical men. He has been IA
Magistrate in Cochin China and Algeria
and has held In various Cabinets the Office
OF Minister Of the Colonies. of Commerce.
of Public Instruction and Of Fine Arts
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-01-04
Fighting Cancer With Radium
a Problem for Medical Science
Controlling the Three So.
called Rays Projected
From Substance the
Real Pattie-Radium
Accomplishing Curative
Marvels

~ ALBUM can cure cancer but not
all cancerous growths. This. in
l. y short, is the state Of the battle
which liz being WJgtd he, weeu
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-01-04
Theatre Built by Hammerstein
Has Been Disastrous to
All Managers.
OPERA VENTURE A FAILURE
Circus, Vaudeville and Moving
Pictures Have Been Equally
Unsuccessful.
spseia, cor,esposdence to THn sux

SDeCt0f SOrTeSpOVueUCe ~ Ahb GUN
LONDON, Dec 2S.-As was reported by
cable to THE Sun recently, Oscar
Hammerstein's London Opera House" Ia
passing through another of the crises
that have been 80 thrilling feature Of
Its existence.
on the last Saturday night there were
only about 500 people In the house,
which seats at least 1000, and without
warning OF any kind the directors de-
cided to close down as soon as the per-
Torrance was over. The show t the
time consisted OF n combined circus and
mena gerie with a troupe OF accomplished
m,dgets.
The following short resume Of the his
tory OF MIR. Hammersteins London venture
will show how checkered has been its
short career
The site on Kingswny, Just or the
eastern end OF the Strand. belongs to the
London County Council, and was leased
to oscar HIammerstein In 1910 on Q
ninety-nine years lease at s24,376 a year.
which forms a first charge on the under
taking.
Refused 100000 for BuiIdins.
Then Mr.. Hammerstein erected the ia
nous opera house at a cost variously
estimated at between $4,000 and
$1,000. 900. Early In 1912 he Ii said 10
have refused 5000. 900 for the house and
also refused a rental OF Ss2.6o0 q year.
The house had mortgages Of >3So,ooo
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-01-04

on 1t. which formed second charge on
Its prosperity.
In November. 1919. Mr.. Hammerstein.
having failed to make grand opera n
pecuniary success, leased the houss e
Mr., Fernand Akoun Of Luna Park. Paris,
for fifteen years. at a rental OF $4,000
year. on Boxing Night. 1912. the
house was reopened, the entertainment
consisting OF "A combination OF vaud'-
willie turns and cinema. This lasted
until March s. 1913. little over two
months only. when the house was closed
again
shortly thereafter Mr. Akoun returned
to Paris. and Il. A. " Stanley. An Ell
master 81 foxhounds and a relative q
Lord Derby. who had had some exper.encc
in the theatrical world. acquired tn
rights OF Mr.. Hammerstein In the hous"
paying. 1t is understood. about $780,
Reopens with American show.
on April 10 the house was reopcnea
with the revue "Come Over Here" whicu
A. " Fischer. the new manager, hla
brought from America. This ran uni
November and WAS succeeded on Noveu.
Der 10 by the show which was close
down last week
one OF the outstanding features o, Mr.
Hammersteln's opera seasons was the
great success OF the young American SO
prano Miss Feice Lyme II is generl
understood that Mr., Hammerstein ho,cJ
and intended to make a worldwide VOC .-
Tor another singer in whom he was lH
terested. but the real sensation was rr..
ated by Miss Lyme "Thence," slts
the Star came about the Gilbertiar 49,
uation that while ESQ worth Of fnN,.s
,ordered by the management came oy,.
the footlights as the spontaneous tr.h.'
/ a "a ~ wi
house was shouting Its loudest for N
Felice Lyme"
Much attention was attracted ais
the production of Lord Howard d, W
denis opera, The Children of the ~.
which Is said to have cost It's wri'''
author. one way and another. anythuE
to 100000,
Price of Seats Reduced.
The house opened with quo Nads
In November, 1871, in February, 10,
the prices We're reduced TO theatre p ...-
and In July OF the same year Mr. Ham
mcrste'n suddenly closed down H.i
turned to America. His regime hal ho"
more picturesque than peaceful or pru'
able,
With the revue Come Over Here"
opera house enjoyed for a while nj
measure OF success. A chorus o. COOL
looking American girls was brought over
and their appearance in costly furs amt
evening costumes walking down an II
Eliminated gangway laid from the stage TO
the back OF the stalls became tho talH
of London.
Two big stage carpentcr!ng sensation.
also brought from America rivailcd tha
parade OF fashion," the race between Nv.
train and the motor car. and tho iuye
terry of the girls who walked down int
a lake and disappeared below the sur
The Richmond Virginian. (Richmond, Va.) 1910-1920, 1914-11-01

interesting of the late fall season. The
bride Is charming young girl and
has many friends and relatives in
Richmond.
At the WomAn's Club.
The annual book reception will be
given at the Woman's Club Monday
afternoon from 400 to o'clock. Mrs.
John Calvin Metcalf Is chairman OF
the afternoon and committee viii be
in the library to receive tho books
The officers Of the club will receive on
this occasion and the members Of the
board will act as hostesses- Tea will
be poured during the afternoon and
the club will be decorated In fall now-
ers and foliage.
The courtesies of the club win be
extended to the visiting women attend
ing the Medical Convention. which
meets here November 8.
Invitations Issued.
Mr. and Mrs. Amiet Buchanan Will
liams have issued invitations to the
marriage Of their cousin. Mrs, Mamie
Scott Cornick, to Mr. Julian Mcken-
aree Richardson. to take place ON SAT-
The Richmond Virginian. (Richmond, Va.) 1910-1920, 1914-11-01
Dinner arty
For Miss Wise
ANNOUNCEMENT OF PROMINENT
WEDDING WHICH WILL TAKE
PLACE IN DECEMBER.

Mrs. John Purcell Leary gave
Charming dinner party At the Country
Club Of Virginia last evening In honor
Of Miss Nell Wise. the debufanfe
daughter OF Mrs. Barton H. Wise. The
tables were decorated In novelties
suggestive Of Halloween, ana MRS
Leary's guests included: Miss Wise
Miss Janet Jones, Miss Martha Pur-
cell. Mr.. John Purcell Leary. Mr.
James patton. Mr.. Stuart Leake. Mr.
John p. Lea and Mr.. Otis NJ. AL
friend.
Ono Of tho largest crowds OF tbs
fall season gathered at the Country
Club last evening and many informal
dinner parties preceded tho dancing,
and the evening proved one OF the
gayest Of the season. All sorts OF
novel decorations suggestive of Halo
ve'en prevailed throughout the clus
rooms and the dinner tables were un-
usually attractive with their Halo
interesting Enlargement
Mr.. and Mrs. A. L. Hunt. of Gwath-
mey, announce the engagement and
approaching marriage OF their daugh-
ter, Benzelle, to Mr.. Lewis s. Blanton,
of Ashland. Va. The wedding will
be celebrated at "Crestview." the
home Of the brides parents, on De.
cember 3.
Sehrell-Manor.
Quantities of palms and white
chrysanthemums decorated the Meth.
odist Episcopal Church In Harrison
burg last evening at s O'Clock. when
Miss Shirley Lee Manor. daughter OF
Mrs William Everett Manor. was
married to Mr.. Thomas Edward Sc
brell. Jr.. son of Mrs r. E. Sebreil.
of Harrisonburg. The ceremony.
which was witnessed by large COM
pany of friends and relatives, was
performed by the Rev. Harry Canter,
and the wedding music was rendered
by Mrs. Imogen Palmer. The bride
entered the church with her uncle.
Mr.. ]. O. Manor. by whom she was
given in marriage. Her gown was
fashioned OF white duchess satin. an
her veil of Illusion was caught with
orange blossoms. She carried A
shower bouquet of brides "eoses and
lilies OF the valley. Miss Marguerirs
Manor was her sisters maid OF honor.
She wore yellow French silk with an
old blue girdie, and carried American
beauty roses. The bridesmaids were:
Misses Edith Waddill. of Danville.
Bessie Arthur. of Winchester: Anne
niond: Clyde and Bessie Sehreii. both
Of Harrisonburg They all wore
dresses Of white charmeuse made wit h
tunics of green silk net trimmed in
ermine. and carried huge arm bout
auets Of yellow chrysanthemums Mr..
Wallace Lindsay. of Alexandria. acted
a. hest man, while the groomsmen
were: Lieutenant John TWINS. Z. s.
A.: Mesxrs. Hickman Becker. OF Brfs-
toll; Villa m Miller. of Washington.
n, c.: Charles Pane. Of N.wson, n
c.; Everett Manor. OF New Market
Russell Sebrell. Toler Lenley and Al
Fletcher, OF Harrisonburg
A reception for the brida, party
and out-of-.own guests followed the
ceremony at tho home OF the bride.
alter which Mr.. Il ~ Mrs Sebrell LETT
for a orthern wedding Journey
Mrs. C. Fl. Trner. of this city, an
aunt OF the bride, was among the
guests from a distance who attended
he Wedding, which ia enc of the most
The Richmond Virginian. (Richmond, Va.) 1910-1920, 1914-11-01
NOSE AND HEAD STOPPED UP FROM
colo OR CATARRH, Open AT ONCE

at any drug store. This sweet.
fragrant balm dissolves by the heat
of the nostrils: penetrates and heals
the inflamed. swollen membrane
which lines the nose, head and
throat: clears the air passages; stops
nasty discharges. and feeling Of
cleansing. soothing relief comes im-
mediatcly.
Don't lay awake tonight strug-
Cling for breath. with head stuffed:
nostrils closed. hawking and blowing
Catarrh or a cold. with Its running
nose. foul mucous dropping in:o the
throat. and rave dryn%ss is Distress
Ing but truly needless
Put your faith-just once-4n
"Eiy's Cream Ralm'' and your cold
or catarrh viii surely disappeAr.--Adv.
The Richmond Virginian. (Richmond, Va.) 1910-1920, 1914-11-01
n. r. f. chen, Leslie west. E. ]

Ter. r. f. Cheif. Leslie West, f. j.
Mosby, Ben Wilson, Lee Roden. j. T.
Ramsey, Charles Selden, NJ. r, Bloom
berg, S. III. Wilkerson. Charles Gar
rett, A. j. Pyle. Charles Watkins and
Misses Lucy Duke, Ella ID. Garnett.
Mary C. Chalmers. Mamie Wright. EN-
ma Morris and others.
At the Art Club.
Submarine Torpedo Boats" is the
subject of an interesting lecture to be
given by Admiral Harrfe Webster az
the Art Club of Richmond Tuesday
afternoon at 4:30 o'clock. The sub.
feet Is a most timely ono and the
speaker IL particularly well Qualified
Ito speak on this topic. Tea will be
poured at the conclusion OF Admiral
Webster's talk.
Musleala at JeAe<sen Hstel.
! An interesting event Of tAia week
The Richmond Virginian. (Richmond, Va.) 1910-1920, 1914-11-01

q. McCaw. Mrs. B. r.. Kennon. Mrs.
George w. Roper. Mrs. Tench r. Thigh
man. Mrs. Percy Wilson and Mrs. How
ard SHIELD.
Mrs. Hewitt has returned to Rich
mond, after . visit to her sister. Mrs.
Floyd Hughes. In Norfolk.
Ret1rus to Daltinere.
Mrs. w s. q. Williams has returned
to Baltimore from Virginia. where she
has been the guest for short while
OF Mr.. and Mrs. Thomas Deford, at
their hunting lodge. near Luray. Mr..
ter. Miss Sara Bell Williams. will 90
cupy their town rssidencs. FOL 81 Paul
street, today. when they will cl0se
The Richmond Virginian. (Richmond, Va.) 1910-1920, 1914-11-01

= II
Is the musicale which VIII n(|
Friday evening, November
auditorium OF the JeRernom
der the direction OF the vlfn1
servatory OF Music Tickets
secured free OF charge ~
OF The conservatory or "a
stores sSs]
The program. which II IN
will be rendered BY R6&ft
Young, pianist; Jay Donohe
and Sedswteh Mnet5rsgofs
'Sonate in r for violin ~
Grieg; three sea aonGas
ship O. Mine" The - !. a
Wood. Regatta VeneH
sFruhlingsglauhe.
.Prelpde u Minor.
enade from Don Rn
The Richmond Virginian. (Richmond, Va.) 1910-1920, 1914-11-01

The following delegates from Lee
Chapter, United Daughters Of the Con-
federacy. have been elected TO attend
the national 4. D. G. Convention. which
will be held in Savannah. Ga. on Mo-
vember IL: Mesdames A. j. Montague,
T. II. Bigger. A. T. Wilmer. b. v. Sycle,
j. A. C. Chandler. =. Norman. g. 70.
vandersiicc. Charles Rose. Charles
Page. Percy b. Trayler. Temple Il.
Roy. r. 8. VIM. II. G. Cooper. H. L,
Bishop. r. r. LaKcrty, A. II. Thier
man. J. Enders Robinson, Betty Inglss
George Hutchinson. NJ. r. Massie.
Charles I1Anghorne. Rueben Burton.
W. p. shepherd. A. s. Shelton. Ryland
IGwathmey. Arthur 6erivsror. Sam IT,
The Richmond Virginian. (Richmond, Va.) 1910-1920, 1914-11-01
S2.98 Sweaters. S1.98.

Women's Sweaters. in plain weave. MI
shawl collar Colors, white, red gray, NV
Also. Angora Sweaters in red and -
Sold for sa.9S. Progressive Sale Price. in
I'm the BaSemenfxls
The Richmond Virginian. (Richmond, Va.) 1910-1920, 1914-11-01

Mr.. and Mrs. A. T.. Hunt. of Gwath-
mey, announce the engagement and
approaching marriage OF their daugh-
ter. Benzelle, to Mr.. Lewis s. Bianton.
Of Ashland. Va. The wedding will
be celebrated at "Crestview." the
home of the brides parents, ON De.
-amhar
The Richmond Virginian. (Richmond, Va.) 1910-1920, 1914-11-01
Daily Fashion Talks
BY MAY MANTON
A NEW SKIRT IN TUN1C EFFECT

" r c UL A r
I aounces are
~ among the
most fashionable Of
all trimmings this
season and this oae
ID 20 arranged ~ to
give the eject Of .
tunic while thesirt
beneath b . plain
one in three pieces.
If . more complete
tunic effect il
wanted, the upper
portion Of the skirt
could b made to
match the hounce
or, # contrasting
materials are not
wanted, both skirt
and 6ounce could
be made Of the same
as suggested in tho
back view. In any
case, the lines are
unusually graceful
and becoming while
the skirt 10 a very
simple one to make.
Broadcloth 10 to be
much used this sea-
son. The upper
portion Of the skirt
and the founce
made Of that ma
terial over a lower
portion Of velvet,
velvcteen or char
meuse satin would
be exceedingly
handsome.
For the medium
sire, the skirt will
require 90 yds.
OF material ~. as
yd IS or A. in.
wide, with ~ yeis.
~ or SO in. wide for
the hounce. The
width at the lower
edge Is I I'D. and a
In: r''F> "'--
The Richmond Virginian. (Richmond, Va.) 1910-1920, 1914-11-01
u. d. c. Delegates.

their country home In Long Green VAL
lev Md
The Richmond Virginian. (Richmond, Va.) 1910-1920, 1914-11-01


o$4o iAaeS-1 A" ~ !" 81 Saas edgeu and
"
The May Manon the kt $40 inches
waist 1t win mailed address Deartnent
OF this OF ten
The Richmond Virginian. (Richmond, Va.) 1910-1920, 1914-11-01
$1.0O Infants Skirts
and Dresses, SIC.
38c Knit Drawers
Legg.ins, 19c.

Knitted Drawers Leggins in pla44
weaves: colors of rcd and white. Sold tn
CSC. Progressive Sale Price, f0c.
The Redwood gazette. [volume] (Redwood Falls, Minn.) 1873-1940, 1914-04-28
Z. OF cITY INTEREST

sg -
s:s, Mr.. and Mrs. Geo. Jashning and
John Glassce, drove ito Marshall
ThuTsday ~
Mrand Frank Berkenmeyer
of Marshall visited at the Glafsco
home Sunday.
Mr.. and Mrs. Frank Cliff and
daughter were Redwood Falls Sisi-
tors Thursday.
A. j. Henle of The Gazette spent
Saturday and Sunday with his par
ents at New Ulm.
Mrs. l.. Davis arrived Thursday
from her home at GAINESVILLE for a
visit with her daughter, Mrs. O. S..
Durham.
Ladies' Mite Society will shold a
second hand sale, May l., and 2 in
Cooper building just East Of State
Bank. 39-2t
Frank Notion, of Redwood Falls
this week moved onto farm two
and half miles northwest of Waubun.
-Mahnomen Pioneer.
Mrs. Schildknecht and Mrs. Chas.
Gales entertained sarHcards at the
home of Mrs. Schildknecht last Thurs
day evening. About thirty ladies
were very delightfully."- y entertained.
A two course luncheon was served
at eleven thirty.
The Redwood gazette. [volume] (Redwood Falls, Minn.) 1873-1940, 1914-04-28

~
Jack Miller visited friends and rel
atiyes at Winthrop Sunday.
s Martin Dahms of Walnut Grove
was a visitor here Wednesday.
HOUSE FOR SALE:-Inquire at
Aune and Thune's Store. 40-1t
Leslie Hartwick of The Gazette
spent Sunday with his parents at
Morgan.
= Mars. A. Fl. Seebeck visited with
her daughter. at Echo several days
last week.
Roy Huntington visited with his
sister, Mrs. Ed. Pratt at her. home
here last week, ~
Miss Celia Roper visited friends
and relatives at North Redwood the
first of last week.
A picnic supper will be served at
6 o'clock. The gentlemen are invited
to supper.
Senator Dunlap strawberry plants
at soc per 100. Early cabbage plants
at Zoe per dozen. Robbins Bros. 40-1t
Ernest Gallea returned the first
of last week from Owatonna where
he visited with his parents and 9TH
err relatives.
The members of the Priscilla Class
and their husbands met at the home
of Mr.. and Mrs. Fred Murset last
Thursday evening and celebrated the
The Redwood gazette. [volume] (Redwood Falls, Minn.) 1873-1940, 1914-04-28

Mrs. Eb Horr, Mrs. Dan. Grim
minis and Mrs. J. Knudson will at
tend the meeting of the Methodist
Foreign Missionary Society which
will be held at St. James this week.
Call and see what they have in
rugs at Rutter's furniture store. Same
of the finest ever offered for sale in
/ Redwood Falls, also fine line of
Beds, Mattresses and Furniture, come
in and see what we have. 40-lt
The Redwood gazette. [volume] (Redwood Falls, Minn.) 1873-1940, 1914-04-28
LAWN MOWER

The new Clarinda is the latest out!
Coldwell and Whitmore and Barnes
mowers also on sale New machines
for sale and / will sharpen and re-
pair old ones. If you need anything
in my line call at Muehlbauer's. 39-2t
Geo. WEIGH.
The Redwood gazette. [volume] (Redwood Falls, Minn.) 1873-1940, 1914-04-28

Mrs. J. j Tiffany and Mrs .. MI.
Tiffany will entertain the Country
Ladies' Aid of the Presbyterian
Church at their home Wednesday af-
ternoon, April 20.
Mr.. and Mrs. Byington of Passa-
dena, CAL, are here On visit to their
son, VIM. Byington. They viii prob
ably make their home in Redwood
Falls if suitable house gan be
found.
The Redwood gazette. [volume] (Redwood Falls, Minn.) 1873-1940, 1914-04-28
!: Purity and Cleanliness!
No Regret In Omar's Baking.

True, is it not. that of the myriads
who
Before you pass'd the bakeshop door
way through
Not one returns to tell you of regret
Which to discover you meet failure
toop
South Bend news-times. (South Bend, Ind.) 1913-1938, 1914-10-16
CHICAGO GRAIN.

CHICAGO H., oct 15-OpeninC
WHEAT-May, Sl1S5s as; Dec, S1127s
IN ~.
CORN-May. 7Oa691c: Dec. 67sk6Hc
OATS-May, 515sdj11ac; Dec, $50
kc.
PORK-Jan, $3.50
IARD-Jan.. S1007d997
RIBS-Jan., $500
Close
WHEAT-Nfay. S1152 Dec S112H
CORN-May. 69H d3sC; Dec G63t a &c.
OATS-May, size; Dec. AIS d4Sc.
LARD-Oct., SOLO; Nov, $1O17; Jan.
S1O07.
RIBS-Oct.. S11.OO: Jan. $3.50
South Bend news-times. (South Bend, Ind.) 1913-1938, 1914-10-16

a way 10 protect its fellow members
with the banks, In the meantime the
bank cashiers are asking impossible
margins that customers refuse 10
provide. As another illustration a
large operator whose stock exchange
commitments We're relatively small
was called upon 10 provide additional
collateral on his loan.
Approaching the reason for your
request he wrote 10 his broker, L
must decline 70 comply with it. With
IN the next thirty days I have several
time loans maturing and until / am
definitely assured that / viii receive
consideration from banking officials /
cannot endanger my position by turn
ing over my available assets Of cash
to you"
Thus the situation is complicated
and must necessarily remain in this
state until the stock exchange provides
a public cash market where values
may be accurately determined.
Hoping for some favorable turn in
conditions that would justify a restora-
ton Of values, outside markets have
been ignored by stock exchange Off
cials, while bank officers feel bound
to insist on a lower schedule Of prices
in estimating the values Of collateral.
They must recognize facts, not the
cries. Confusion will continue until
the stock exchange Is reOpened upon
a cash basis, trades to be settled the
same day, thus eliminating all forms
Of speculation and short selling.
Banks are responsible for depOsitors
funds entrusted to their care To their
stockholders also they must account
for the capital and surplus. Rightful-
" the demands Of the publc-par-
ucularly speculative intereSts-cOme
afterwards. Broadly speaking the
downtown banks have shown a con-
sideratiOn to block brokers that mer-
its high praise, but the point is now
reached where the cooperation of the
stock exchange is essential TO the pro-
lection of the investor the bank and
the stock broker.
Following the announcement that
all open commitments Of July 80 had
been settled through the clearing house
a feeling Of optimism spread through
the financial district. This is gradual
~ being replaced by pessimism be-
cause no progress is made towards
solving the problem OF compelling
members of the stock exchange to 40
cept returned stock from their fell
low brokers who borrowed shares be-
fore the exchange closed. Until this
nut is cracked public trading is out of
the question and a quick solution of
this problem should be found.