davidaulloa/AmericanStories huggingface dataset:
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1922-06-20
Considered Money-Mdking
Machine on Wall Street

A "moncy making machine" That
is what they considered him on the
Street" Now Just what sort of looking
person Is this human mint?
To begin with. he hates cameras, and
very few photographs have ever been
taken Of him. lie is a wide shouldered,
deep chosted man. with lots of spring
head and strong. prominent features.
His nose is large and STRAIGHT and his
eyes are set wide apart. They have a
direct. fearless gaze. Tremendous re-.
sources Of mind and body are behind
their straightforward glance.
He is one of the few Of the bankers
of the old school who still stick to side
chops" His are the conventional whis-
kars without which no old time busi-
ness man would have been complete.
They are thick and bushy on the sides
Of the face. sweeping with graceful
curves over the upper lin. md termt-
mating on line even with the corners
of tho mouth below the lower lip, leav-
ing bare q square, forceful- looking
chin.
1t is for silence. however. that he is
chioHy no'od. Nobody would ever call
HIM gabby old person. Beside. Baker,
tho wel'-k known Sphinx is garrulous.
Mr.. Baker is. in short. shining ex-
ample nl IlP type vi llHn Ni' hSutH
and strives for money alone. and then,
when he has more than he can use. ot
count. or comprehend. keeps on. goaded
by tho tho sheer lust for the power
that overwhelming wealth can give.
And keeps on and on and on.
Once In while they slow down,
however. and Baker has put the brakes
on.
To bo fair. 1t must be admitted that
the Baker whom his friends know is
not the stony hearted man of gold the
world looks upon. They declare he Is
not conscious Of the tremendous power
he wiplds. Whether he is or not. II is
certain his habits ard tastes are of the
simplest sort. and no cloud of scandal
ever darkened his domestic life. He is
nvcrse to ostentaion. and dislikes
pushing TO the front in any way what
soevcr.
In a business sense. however, he
makes no bones about his beliefs. He
believes in intcrlocking directorates,
and can sec no harm in one bank con-
trolling another. He even admitted to
the Pujo committee that such control
as Morgan and Stillman and himself
WELD, If it should fall into bad hands,
would seriously imporil the country"
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1922-06-20

az n memorial to his friend. j. Pierpont
Morgan. This collection was placed IN
the Hall of Minerals.
Within regent memory he gave Cor
nell University 81 $50 900 for new dor
mitOries and new chemistry bni@lding; ding
During the war he donated S-,ooV,Voo
% rcccnt ,np nnnonncement Is the gift of
$500. 900 in United States Victory
bonds to the Society of the New York
Hospital. The society, gratefully ac.
ccpting, established the George r' T.
Baker Endowment FAnd of SIM;Mnman; Sa6 nan
adding to the present donation N.no'Vu"
given some time ago. Mr.. Baker nus
been governor Of the society since
1900.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1922-06-20
Painting which Mr. Baker presented to the Metropolitan
Museum

in 1910. and received a public school
A love for mathematics, and especially
problems in partial payment and com =
pound interest. from earliest boyhood.
His father was George II. Baker, who
for years was Washington correspond :
cnt OF the New York Tribune.
leaving school, he found employment
az a two dollar week grocer's boy,
and later worked at $5 week as II
night watchman. lie cherished con :
tinually. however, the ambition to be :
come Il banker.
His real business career began with
n clerkship IN the First National Bank
of New York. 1t is With that bank
that he has been most prominently
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1922-06-20
Baker Made His Error
Stepping Stone to Success

The same sort of mistake would
have led downward instead Of upward
for the average bank official, but Mr.,
Baker made IL stepping -stone to sue
cess. The error consisted in the pur-
chase Of large amount of foreign cx-
change from Jay Cooke & Co., at the
time supposed to be perfectly solvent.
Three days later the failure of the
House Of Cooke shocked the business
world.
Mr.. Baker went to John Thompson
the president Of the bank. and offered
to buy control, taking n six months
option on his stock, with Harry Fahnc-
stock, a friend. Mr.. Baker had little
money of his own, but he was able to
interest moneyed men In the deal, and
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1922-06-20

the first years of business. the results
of which amply rewarded the manage
ment for their confidence in the credit
of the Government.
The bank from the start took
leading position among dealers in
United States securities. for itself and
as representative of the several re-
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1922-06-20
'tSHent" Baker Is Following Lead
Taken By Rockefeller and Carnegie
ANDREW CARNEGIE

who retired with about S50O,OOO,-
600, was credited with total bene-
factions of $175,000,0O0.
For establishment and
maintenance of chari-
ties, income on. n......s1O,O0O,o 900
Toward advancement Of
universal peace, ,..... 100000
Carnegie Institute. -. 10000, 900
Scotch universities. -. 100000
Fund for benefit en-
ployes. Carnegie Steel
Company .......... 100000
Carnegie Hero Fund. 100000
Public library buildings $4,000, 900
College Pension Fund,
United States, Canada
and Newfoundland. $4,000, 900
Mr.. Carnegie made a tremendous
number of donations in every d.
rection, many Of them never re-
corded publicly. 1t was his H.
braries, however, that attracted
widespread attention to his phi
lanthropies. He would buy land
and erect a magnificent library
building, large or small as the size
of the community warranted. These
were always known as Carnegie
Libraries" He never supplied any
of the books to go upon the shelves,
however, and always stipulated
that the upkeep Vf the building be
shouldere .e town or city se-
cepting itA
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1922-06-20
~SzZEN7" "BAKER MONEY 1NACHZIVE OIWALL STREE
TURNS LOOSE GOLDEN STREAM FOR HUNZAV7z

Twcnty.fvc directorships in twelve
pubic utility corporations having a
'otal capitalization of S2,15O, ,000, 900.
IN all, 81 directorships in 112 cor
porations having aggregate resources OF
$22 245, 900, 600,
This was back in 1919. and is sun
cicnt to give an idea of the vast power
"ieided by the niles. When J. p.
Morgan died Baker inherited ,he crown.
This is the sort Of man who is now
beginning TO give away some Of his
millions.
An Idea of just what control Of $22,-
OOo,OOO.OOO means can be gained II IL
is possible to realize what $22,OO0,-
100000 represents. 1t is more than
three times the assessed value Of all
property, rea and personal, in all New
England. II is nearly three times the
assessed value Of all the real estate in
the city of New York II is more than
twice the assessed value Of all the
property In the thirteen Southern
States. II is more than the assessed
value Of all the property in the twenty
two States. North and South, lying
wcst Of the Mississippi River.
The operations of these bankers vera
so vast and numerous that even a very
reasonable compensation for the serv-
ice performed would, in the aggregate.
produce for them incomes so large as to
result in huge accumulations of capital-
Figures are tiresome, but Just to
show how much Morgan, Stillman, Bakei
ct al. could make, Commissioner ot
Corporations Herbert Smith discovered
that more than $3.50, 900, 900 Of the
stock Of the United States Steel Cor
poration was issued directly or indi.
rectly Through exchange) for mere pro-
motion or underwriting services. In
other words, nearly one seventh Of tho
total capital stock Of the Steel Corpora -
tion appears to have been issued directly
or Indirectly to promoters services"
And there you are. Mr.. Baker, ono
Of these promoters. has. in consequence
Of this and other deals. been character
lied by one big business man as moth =
ing but money making machine
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1922-06-20

Bakers financial genius, according
to financiers, made his bank gold
mine. One banker remarked: '"The
profits of Bakers bank make the rest
of us look like amateurs"
Mr.. Baker was the first New York
banker to conceive the idea of doing
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1922-06-20
EARER OF MORGAN CROWN
DITERTS MILLIONS FROM
OWN COFFERS TO CHARITY
Business Career Started as CLERK TN Nesv
York Bank: rs Cashier He Made
Costly Error, but Instead of Ruin 1t
Was Stepping Stone to Success
,tcILENT" BAKER has loosened up.

0cILENT" BAKER has oosened up.
nearly eghtytwo this has lived and the
dusk found that ut blessed than
receive
those who that George Baker, Of New York. is
happier than he been before his eventu life
gathered together and he has than Much
How much probably but himself knows He controls
billions.
begun to give his wealth by the million In this
preceded by Andrew Carnegie and by John Rockefeller Each
golden for the benefit Of humanity
They began this years
But Perhaps Baker, the
sphinx Wall Street, cried the loneliness Of his heart
despair his his chosen calling old King Midas
everything to gold.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1922-06-20
When Morgan Died
Baker inherited CrOlDn

"Sixty- three directorships in twenty
four producing and trading corpora
tons having Il total capitalization Of
Sc 22O 600 600
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1922-06-20

identified since 1874, when MS cashier
an error in Judgment on the part OF
his assistant and himself led to his
taking over control of the entire in
sti 'tion.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1922-06-20
Matter of Mere SSOO,OOO
Overlooked by Baker

The total original capital was 5000,
600. How small II matter few hum
dred thousand dollars became to Mr..
Baker may be gathered from the fact
that when asked by the Pujo commit
tee, which in 1913 Investigated the
money trust" If he held any interest
in the Guaranty Trust Company, Mr..
Baker said he did not think lc had, or,
If he had any. it was so small that he
did not remember anything about il.
His ''smc. " holding. il developed later.
was worth abu~- $500, 900. Another
item In his fortune. $500, 900. he for
got entirely, SC sma. wps 1t In his
eyes, .. .......... .........
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1922-06-20

constitute an endowment fund. the
principal Of which Is to be kept intact.
the income to be used for its corporate
purposes.
II beg to hand you herewith ST..
OO0. 900 United States Victory Loan
3A per cent bonds. Yours very truly.
GEORGE F. BAKER"
This was the second donation of ST..
600, 900 in cash value the museum has
so far received from living persons.
The. first was from Mrs. Anna NJ.
Harkness last year. There have" been
donations to the museum that were
valued at more than 81 ,000, 900. but
these were in the form Of bequests OF
objects Of art. notably the Altman and
Morgan collections.
Presented "SaLon,e" to
Metropolitan Museum,
Another of Mr.. Bakers gifts to the
Metropolitan Museum Of Art was the
famous painting "Salome," by Henri
Regnault, which once sold at the sen
sational price Of $105, 600. In May Of
this year, also, he presented to tho
American Museum of Natural History
a rare collection of gems and minerals
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1922-06-20

funding syndicatcs. in financing the va
rious United States loans issued by
successive administrations. During the
year 1870 the bank handled $3.50. .000,-
600 United States Government Bonds,
completing their receipt and delivery
without error or loss
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1922-06-20


General Education Board,
$25,3O0,oo0
University of Chicago 25,300,o0O
Rush Medical College. 100000
Churches, etc. ......... 100000
Baptist Foreign Mis-
sionary Fund. ..... 100000
Rockefeller Institute
for Medical Re-
search ............ 100000
Barnard College. ...... 1,375,OOO
South ern Education
Fund ............. 1,l25,oOO
Union Theological Sem
mary ............. 100000
Harvard University :. 100000
Yale University.,.... 100000
Baptist Education So
ciety ............. 100000
Juvenile reformatories 100000
Cleveland City Park. 100000
Ten Young Mems Chris
tian Associations. :. l,l45,OOO
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1922-06-20
JOHN d. ROCKEFELLER

the worlds richest man, has given
away much more than $25O,0o0,00O.
Rockefeller Foundation,
s1oo,ooo,ooO
General Education Board,
The Barre daily times. (Barre, Vt.) 1897-1959, 1922-08-21
SOUTH CABOT

Louis Puricelli of Barre is stopping
in the place for a few days.
Mr.. and Mrs. Carter and two daugh-
tiers of Topsham were callers in the
place one day last week.
George Gee and family and Mrs. and
Mrs. Ray Taylor motored Sunday to
Piermont, N H.
Some from here attended the Old
Home week picnic at Cabot Friday.
Mrs. John Harrington and son of
Woodbury. were guests the first Of last
week at Philip Bashaw's.
Don't forget the reunion and basket
picnic in Harry Morse's grove Aug. "a.
everybody is invited Don't wait for
an especial invitation. Come and in
vite someone to come with you and
meet your old friends, teachers and
pupils, those you know and those YOU
don't know But, remember, all roads
lead to South Cabot Thursday, Aug.
"a.
Mr. and Mrs. John Hosmer Of Boston
were guests Of Philip Bashaw two days
last week.
The Barre daily times. (Barre, Vt.) 1897-1959, 1922-08-21
Tarantula's Poison not Worse than
Bees.

! Folklore abounds in stories of phe.
nomenal manifestations which often
fail to survive the test of critical ex-
animation. Accounts Of unexpected oc-
cnrrences or unusual symptoms often
grow like rolling snowbalis adding TO
their size with each step in the course
of progress. Small effects may become
magnifed into great ones; suspicious
develop somehow into the dignity of
probabilities or even real facts. New
traditions seem to spring up from I'M
discovered sources Something of the
nature of such mystic influences may
account for the prevalent belief in the
extreme danger associated with the
tarantula
The fatal bite of these terror inspir.
ing insects has been widely proclaimed,
so that they are given wide berth by
those who recognize them. The pois-
nous properties of various species OF
spiders is admitted by competent in.
vestigators. Many of the insects have
poison secreting glands which discharge
into the jaws. But there is little doubt
that the danger from some of them has
been greatly exaggerated.
Won Fuerth considers that the bite
of the historically famous Italian
tarantula il able to cause no more than
local Inflammation, while the toxicolo-
gist Robert was unable to discover pro-
foundry poisonous properties in the
suppofedly more dangerous Russian
tarantula Now the American taran-
tula, species reaching the formidable
looking adult size Of more than two
inches in length has been exonerated
from the reputation long attaching to
it.
Baerg of the University of Arkansas
has subjected both animals and man
to attack by the rangs Of active taran-
tulas. Although the accounts do not
give the impression that such encoun-
tiers are painless performances they
are put in the category of bee sting
in severity rather than into the class of
more mcnacing toxins. Even bees
may produce fatalities; vet they are
rarely classed among the greater
dangers to life.--.Journal of American
Medical Association.
The Barre daily times. (Barre, Vt.) 1897-1959, 1922-08-21
|R.R. DISORDERS
CONTINUE
-------
Two Of Train Grew Killed
Yesterday at Gary,
Ind.
GOV. ALLEN ACTS
AT KANSAS CITY
Eleven Men Going to Work
Attacked at Colum-
bia, S. G.

!, Chicago, Aug. 2l.--Disorders con-
tinued to flare in the rail shopworkers
strike during the early hours Of its
eighth week despite peace negotiations
pending at New York and assurance
tby chiefs Of the .big four that no
sympathetic strike Of train service en-
ployes impends.
While Michigan Central detectives
were investigating the Gary, Ind,
wreck, in which two Of the train crew
were killed early yesterday, violence
broke out anew at scattered points
from coast to coast.
On the Atlantic side new disorders
occurred at Columbia, IS. Ct, where
eleven men brought in to work in the
shops of the Southern railroad were
attacked yesterday by crowd of
strike sympathizers.
Hurrying to Kansas City following a
near riot in the Chicago, Rock island
and Pacific shop there, Governor Allan
Of Kansas gave Mayor Harry Burton
"a hours in which to restore order,
threatening to send troops ii the situa n
ton did not improve.
Official complications arose aat Cor
bin, KY, where Chief Of Police Man
ming, policeman and two deputy
sheriffs were arrested on federal war
rants charging them With resisting and
interfering with United States Mar
shall Williams and his deputies in the
discharge Of their duties. Chief Man
ming is said to have investigated the
holdnp Of deputy United States mar
shals on their way to serve restraining
orders on strikers at Livingston, Ky.
Troops were in readiness 70 en.l
train for Spencer, N. c.. where the
situation had been tense for days. Fol
lowing earlier outbreaks section Of
water man supplying the Southern
railway shops alta Spencer was blown
up.
Yardmen of the ST. Louis Louisville <
line Of the Southern railway at
Ind, VIII had been on strike !
since Saturday morning. returned to
work and freight and passenger traffic I
which had been tied up was restored
Governor Hart of Washington took
The Barre daily times. (Barre, Vt.) 1897-1959, 1922-08-21
BABE KNOCKS
OUT HIS 18th
And Puts N. Y. Americans
Ahead Of St. Louis
Browns
GIANTS RETAIN
THEIR LEAD
Ruth's Season Total Of
Runs Now Six Behind
Ken Williams

New York, Aug. 2l.--The New York
Americans, carried to to 5 victory
over Chicago by Babe Ruth's 25th and
26th home runs, to-day led by full
game the st. Louis Browns, who were
idle Sunday.
The Giants retained their three and
one-half game margin over the Cardi-
mails, winning from the Cubs, 5 to 4, by
a seventh inning batting rally Scott,
the Giant pitcher, weakened in the
eighth, but Young Claude Jonnard, who
relieved him, stemmed the Cub assault.
Eight runs scored off three Philly
pitchers in the seventh and eighth in
nings enabled the Cardinals to beat the
Quakers, 0 to 8.
Cincinnati took two games from the
Brooklyn club, pounding Grimes for Is
hits and ten runs in seven innings Of
the first game; winnig, 10 to 5, and
winning the second, to 3, pitching
battle between Galore and Rixey in
ten innings.
Booze, a recruit, outpitched the vet
ersn Walter johnson and Speakers
club defeated Washington, to 0.
Babes season total home runs now
is 26, six behind Ken Williams of the
Browns. In all his big league career
Babe has knocked 1888 home runs.
The Barre daily times. (Barre, Vt.) 1897-1959, 1922-08-21
National League Standing.
GREAT RACES ASSURED.
Largest Entry List Ever for Lamoille
Valley Fair.

Morrisville, Aug 2l.-The entries
for the races at the Lamoille Valley
fair closed to-day with the longest list
of horses entered in the several classes
ever known in the history of the fair.
There are races on three of the four
days of the fair.
There are three races on each Of the
big days, Wednesday and Thursday.
and one, a corker. on Tuesday, when
the big feature is a game between
Burlington and St. Johnsbury to de-
eide the championship. each having
won one game The race Tuesday is
for a purse of S300--the 2.26 class
and there are 25 entries, including
many of the best horses in the state
There are also a running race and a
farmers race.
Wednesday there is the 2:l9 class:
purse $500. with IL entries; the 222
class, purse $500, with 10 entries: the
ESQ class with 81 entries. Besides these
races there is running race for 500
and other attractions.
Thursday there il the 2:l3 class.
purse $500, with ~ entries. all fast
steppers; the 2.23 class, purse $500.
with entries. and the 2-33 class, pure
$500, with 27 entries, and a running
race.
Everything indicates a great fair.
with big entries Of pure bred stock,
horses, poultry. etc. For the first time
in its history the fair is TO he four
days. Monday being the initial day
for entries, etc, and three DAYS with
full programs, changing daily.
A big feature this year will be the
exhibit Of bows and girls club work.
and individual boys and girls. on the
lines Of the Eastern States EXPOSE
ton. under the direction of the La
noble County Farm bureau and the
home demonstration department. L.
V. NJ
The Barre daily times. (Barre, Vt.) 1897-1959, 1922-08-21
N. H. DEPOSITS GAIN.
Increase Of Over $4,o0oo0o in Yeal
Ending June 80.

Concord, N. H., Aug 2l.--A gain of
81, 263,s40 in deposits in savings banks
and trust companies in New Hampshire
for the year ended June 30 last was
reported by the state bank commits
sioners to-day. The total deposits were
$l49,574,444 and the depositors mum
bered 297,49l, or nearly half the popu-
lation OF the state.
The report said that in ten
years savings had increased $50,000,0o0
and added that in the last 20 years
there had not been a single savings
bank failure in the state. Twenty
seven building and loan associations,
with assets Of $5,79l,55I, showed an in
crease Of half million dollars in
year.
The Barre daily times. (Barre, Vt.) 1897-1959, 1922-08-21
VIOLENCE In RUTLAND.
Railroad Employee Struck from Behind
with Stone.

Rutland, Aug. 20.--The first violence
here since the railroad strike began oc-
CURED before daylight this morning
when Lawrence Flanders, railroad
employe, was struck from behind with
. stone while washing car, being rem
dered unconscious. He is in the hos Z
pital. No arrest has been made.
The Barre daily times. (Barre, Vt.) 1897-1959, 1922-08-21

Published BY the Barre Daily Times, in cooperation
With The American Assocstion Of Advertising Agencies
The Barre daily times. (Barre, Vt.) 1897-1959, 1922-08-21

46 North Main St, Barre. VT.
The Barre daily times. (Barre, Vt.) 1897-1959, 1922-08-21

NATIONAL LEAGUE.

New York 5, Chicago a.
Cincinnati 10, Brooklyn 5 first
game,, Cincinnati 4, Brooklyn tsec-
ond gamel.
ST. Louis ., Philadelphia 8.
Saturdays Results.
Chicago 2, New York ] (eleven in
ningsl.
Cincinnati 2, Brooklyn 4.
8 Boston 4, Pittsbure first camel /,
Pittsburg 8. Boston (second camel.
Philadelphia s, st. Louis 7.
The Barre daily times. (Barre, Vt.) 1897-1959, 1922-08-21
Two Sides of Turnover

to create consumer demand and
consumer preference With this de-
mand as a fact all selling plans have
chance to succeed. Without it they
fail. The only chance for salesman
ship to succeed without an existing
demand is for craftsmanship to assume
the task that belongs to advertising
the task of creating demand.
If the present efforts that are being
put into selling were amply supported
by corresponding effort to create
consumer demand through Advertis-
ing, the business conditions of this
country would be rapidly changed
into an era of great prosperity-in
spite of Old World conditions and
everything else.
The proof of this is in the fact
that right now, under these very con-
ditions, the manufacturers who are
putting proper emphasis on creating
demand for their product, as well as
selling it, are doing big business and
are actually getting the high turnover
that others are trying so strenuously
to get through intensive selling.
The Barre daily times. (Barre, Vt.) 1897-1959, 1922-08-21
AMERICAN LEAGUE.

New York Z, Chicago 5.
Cleveland 2, Washington 0.
Saturdays Results.
New York IL, Chicago 5.
st. Louis 8, Philadelphia 5.
Philadelphia 9, st. Louis first
game, Philadelphia 8 st. Louis S tsec-
ond gamel.
Detroit |, Boston first game, De-
troit /, Boston 0 lsecond game).
Cleveland 3, Washington !.
The Barre daily times. (Barre, Vt.) 1897-1959, 1922-08-21
SEVEN KILLED
100 INJURED
When Train Crashes Into
Rear End Of Work
Train .assa
als
STANDING AT
THE STATION
Grovesend, England, Scene
Of Accident Early This
Morning

Gravesend, Eng, Aug. 81 tBy the
Associated Press Seven workmen
were killed and 100 injured this morn
ing when a train crashed into the rear
end Of their work train, which was
standing at the station here.