Yorkville enquirer. [volume] (Yorkville, S.C.) 1855-2006, May 07, 1907, Image 1
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l. k. GRisrs sons. Pnbii?her?. } % <?jfamilg J) f ir spap t r: jfar the jpromotion of the political, Social. Agricultural and (Kommirrial Interests of the jptoplt. {T*smoiSwpV^tk
ESTABLISHED 1855. r~ - YORKVILLE, 8. C., TUESDAY, MAY 7, li)07. ~ ISTO. 37.
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. SYNOPSIS.
Chapter I?Bob Brownley creates a
panic tn Wall street. He is a friend of
Jim Randolph of Randolph & Randolph.
bankers and brokers. Brownley
and Randolph had gone to college together
and entered the employ of Randolph's
father at the close of college
days. Brownley Is a Virginian by
birth. Beulah Sands, daughter of an
old Virginia house, calls on Brownley
and tells. him her father has been
practically ruined by the stock operations
of Reinhart. She hopes to utilize
her own money in Wall street in
retrieving her father's fortunes before
his condition becomes known, and
asks for employment in the office that
she may have an opportunity to better
understand how her money is invested.
She does not want it used in a
Wall afreet Cflmhlc but in the
buying: and selling of legitimate securities.
Brownley agrees to help her,
and falls in love with her.
Chapter II?Brownley plunges In
sugar stock. He uses the money of
Miss Sands, his own and In addition
is tfecked heavily by the Randolph
millions. His coup seems successful,
and he tells Miss Sands that she has
cleared $1,800,000. But the market
had not closed.
Chapter III?Barry Conant, head
broker for Standard Oil and sugar interests.
suddenly begins to sell "sugar."
In the midst of a panic he breaks the
market and with Its fall carries away
the earnings and much of the capital
of both Miss Sands and himself. A
pretty love scene occurs between the
two at the office, when Bob attempts
to tell her the terrible truth of theii;
fall. Brownley takes a trip to Vir-'
gin la.
Chapter IV?Beulah Sands and Bob
become engaged. Randolph wants to
loan her father the money to meet his
obligations. She refuses. Bob figures
on how to beat Wall street at its own
game. Sugar takes another sensational
spurt upward, but Brownley keeps
out.
V /
Bob Brownley Hung Clot
CHAPTER V.
Thursday. November 12, was a
memorable day In Wall street. As the
gong pealed its the-game's-closed-tillanother-day,
the myriads of tortured
souls that are supposed to haunt the
treacherous bogs and quicksands of
the great exchange, where lie their
earthly hopes, must have prayed with
renewed earnestness for its destruction
before the morrow. Never had
the stock exchange folded its tents
with surer confidence of continuing
its victorious march- Sugar advanced
with record-breaking total sales to
207J and the final half-hour carried
the whole list of stock up with it. In
that time some of the railroads jumped
ten points. Sugar closed at the
very top amid great excitement, with
Barry Conant taking all offered. During
the last 30 minutes it had become
evident to all that the board-room
traders and plungers, together with
many of the semi-professional gamblers,
who operated through commission
houses, were selling out their
stock and going short over the opening
of the Wall street hoodoo-day, Friday.
the 13th of the month. But it
was also evident, with the heavy
selling at the close and stiffness of
the price, which had never wavered
as block after block was thrown on
the market, that some powerful interest
as well had taken cognizance of
the fact that the morrow was hoodooday.
At the close, most of the sellers,
had they been granted another five
minutes, would have repurchased, even
at a loss, what they had sold, for it
looked as though they had sold themselves
into a trap. Their anxiety w.ts
intensified by the publication, a few
minutes later, of this item:
"Barry Conant in coming from the
Sugar crowd after the close remarked
to a fellow broker: 'Py three o'clock
tomorrow, the 13th, will have a new
meaning to Wall street.' This was interpreted
as pointing to a terrific
jump in Sugar to-morrow."
"The street" knew that the news
bureau that sent out this item was
friendly to Barry Conant and the "system,"
and that it would print nothing
displeasing to them. Therefore, this
must be a foreword of the coming
han'est of the bulls and the slaughter
of the bears.
Others than Ike Bloomenstein remarked
upon the fact that Bob Brown
ley had hung close to the Sugar-pole P'
all day. but when the close had come *c
and gone without his having anything **
to do with the Sugar skyrockets, he tv
dropped out of his fellow-brokers' tl
minds. Wall street has no use for st
any but the "doer." The poet and ?
the mooner would be no more secure ^
from interruption in the center of m
the Sahara than in Wall street between
ten and three o'clock. Some 11
sage has said that the human mind, ?'
like the well-bucket, can carry only 0
its fill. The Wall street mind always ,n
? th
has its fill to building aouars. m imisequence,
there is never room for
those other interests that enter the
normal mind. ^
Friday, the 13th of November, drifted
over Manhattan island in a drear ta
drizzle of marrow-chilling haze, which tv
just missed being rain?one of those
New York days that give a hesitating w
suicide renewed courage to cut the 9t
mortal coll. By ten o'clock it had set- w
tied down on the stock exchange and
Its surrounding infernos with a clam- ^
mlness that damped the spirits of the t0
most rampant bulls. No class In the
world Is so susceptible to atmospherlo
conditions as stock-gamblers. Many ?
a stout-hearted one has been known ,s
to postpone the Inauguration of a long- m
planned coup merely because the air pi
filled his blood with the dank chill of c'
superstition. Because of the expected hl
Sugar pyrotechnics, stock exchange 9t
momhprs had eathered early; the P1
brokers' offices were overcrowded be- '
fore ten; the morning papers, not ai
only in New York but in Boston, Phil- '
adelphia and other centers, were filled
with stories of the big rise that 84
H
ol
i<s to the Sugar-Pole All Day. ar
O
T
was to take place in Sugar. The eg
knowing ones saw the ear-marks of
the "system's" press-agent in these fc
stories: and they knew that this in- 20
dustrious institution had not sat up
the night before because of insomnia. aj
All the signs pointed to a killing, and n(
a terrific one?pointed so plainly that a]
the bears and Sugar shorts found no
hope in the atmosphere or the date.
Bob had not been near the office the jn
.afternoon before, and as he had not t|
come in by five minutes to ten, I de- w
cided to go over to the exchange and ^
see if lie were going to mix up in
the baiting of the Sugar bears. I had w
no specific reasons for thinking he
was interested except his recent jr
queer actions, particularly his hanging a]
to the Sugar-pole, yet doing nothing, tj.
the day before. But it is one of the
best established traditions of stock- C]
gambledom that when an operator has ^
been bitten by a rabid stock he is in- re
variably attracted to it every time af- g(
terward that it shows signs of frothing.
More than all. I had one of those
strong nowhere-born-nowhere-cradled '
intuitions common to those living in
the stock-gambling world, which made ^
me feel the creepy shadow of coming
ir
events.
As on that day a few weeks hefot e- el
the crowd was at the Sugar pole, but t(
its alignment was different. There in
the center were Barry Conant and his g)
trusted lieutenants, but no opposing ^
rival. None of those hundreds of t(
brokers showed that desperate resolve n
to do or die that is born of a neces- Q]
sit.v. They were there to buy or sell, jy
but not to put up a life or death, on- |r
me-depends-the-result fight. Those f,
who were long of stock could easily t|
be distinguished by their expressions |f
of joy from the shorts, who had seen p
the handwriting on the wall and were jr
filled with uncertainty, fear, terror. ]j
The demeanor of Barry Conant and t|
his lieutenants expressed confidence; (j
they were going to do what they were w
there to do. They showed by their j.
tight-buttoned coats, and squared 0]
shoulders that they expected aits of S|
rush, push and haul work, but appar- jc
entiy tney anticipated no lasi-aiu-n y
fighting. The g<>ng pealed and the a
crowd of brokers sprang at <>ne anoth- g(
er. but only for blood, not flesh, bone, a
heart and soul; just blood. The first a]
price on Sugar was 211 for 3,000 jj
hares. Some one sold It In a block
arry Conant bought It. It did no
jqulre three eyes to see that the sell
r was one of his lieutenants. Thli
leant what Is known as a "wash'
lie. a fictitious one arranged in ad
ance between two brokers to estab
sh the basis for the trades that an
> follow?one of those minor fraud!
r stock-gambling by which the pub
c is deceived and the traders an<
lungers are handicapped with loade<
Ice. In principle, it is a device oldei
rnn stock exchanges themselves, an<
i put to use elsewhere than on th<
oor. For Instance, four genuine buy>
-s want a particular animal wortl
100 at a horse auction. Its owner"!
il starts the bidding at $400, and th<
tur, not being up in horse values, ar<
lereby induced to reach for It at bereen
$400 and $500. But human naire,
whether at horse sales or al
ock-gambling', loves to be "hlnkeynked"
as much as the moth to plaj
ig with the candle flame. In flv<
lnutes Sugar was selling at 221, anc
le frantic shorts were grabbing foi
as though there never was to be anher
share put on sale, while Barrj
onant and his lieutenants were mosi
idustrlously pushing It Just beyonc
iclr reaching finger-tips, either bj
jying It as fast as it was ofTered bs
rnulne sellers, or by taking whai
lelr own pals threw In the air.
I was not surprised to see Bob'!
ill form wedged in the crowd aboui
i'o-thirds of the way from the cenr.
Every other active floor membei
as there, too. Even Ike Bloomenein
and Joe Barnes, who seldonr
ent into the big crowds, were or
ind, perhaps to catch a flier for theii
hanksgiving turkey money, perhap!
i get as near the killing as possible
ob was not trading, although on th<
iy before, he never took his eye of!
arry Conant. I said to myself: "H<
trying to fathom Barry Conant'i
lovements," but for what purpos<
jzzled me. The hands of the big
ock on the wall showed that trading
id been 30 minutes under way, anc
ill Barry Conant was pushing up th?
rice. His voice had Just rung out
!5 for any part of 5,000" when, lik<
i echo, it sopnded through the hall:
Sold." It was Bob. He had workec
Is way to the center of the crowc
id stood in front of Barry Conant
e was not the Bob who had taker
arry Conant's gaff that afternoon ?
w weeks before. I never saw hlnr
Kiler, calmer, more self-possessed
e was the Incarnation of confldeni
>wer. A cold, cynical smile playec
AAmaMi a# Vila mAllth Q Q hf
VUIIU IUC tui Itcto VI IIIO tavrviv*. W - ?
oked down upon his opponent.
The effect upon Barry Conant was
fferent from that of Bob's last blc
1 the day when Beulah Sands' hopes
ent skyward In dust. It did nol
>use In him the wild, furious deeln
r the onslaught that he showed
len, but seemed to quicken his alert
ollfjp mind to exercise all Its cunng.
I think that In that one moent
Barry Cbnant recalled his suspions
of the day before, when he had
ondered what Bob's presence In ths
owd meant, and that he saw agair
le picture of Bob on the day wher
5 himself had ditched Bob's treasurealn.
He hesitated for just the fracan
of a second, while he waved with
?htning-like rapidity a set of flngei
gnals to his lieutenants. Then h(
luared himself for the encounter
5 for 5,000." Cold, cold as the volet
' a condemning judge rang Bob's
Sold." "25 for 5.000." "Sold." "2E
r 5,000." "Sold." Their eyes wert
ced upon each other, in Barry's a deint
glare. In Bob's mingled pity and
mtempt. The rest of the brokers
ished their own bids and offers unI
It could have truthfully been sale
lat the floor of the stock exchangt
as quiet, an almost unheard-of thing
like circumstances. Again Barrj
inant's voice, "25 for 5,000." "Sold.'
:5 for 5,000." "Sold." Barry Conanl
id met his master. Whether it was
iat for the first time In all his won?rful
career lie realized that thf
ystem" was to meet its Nemesis
what the cause, none could tell
;rhaps not even Barry Conant himIf,
but some emotion caused his
ive*face for an instant to turn pale
id give his voice a tell-tale quiver
nr-e more nealed forth- "25 for 5.000.'
hat Bob saw the pallor, that h<
LUght the quiver, was evident to all
>r the Instant his "sold" rang out, h<
illowed it with 5,000 at 24. 23. 22
I." Neither Barry Conant nor anj
' his lieutenants got in a"take it;'
though whether they wanted to oi
it was an open question until Bot
lowed his voice to dwell Just like ?
;ndulum swing of time on the 20
was as if he were tantalizing therr
ito sticking by their guns. By th<
me he paused, Barry Conant's nervt
as back, for his piercing "Take it'
id linked to it "20 for any part ol
1,000." The bid was yet on his lips
hen Bob's deep voice rang oui
Sold." "Any part pf 25,000 at 19, 18
i, 10." Hell was now loose. Bacl
id forth, up against the rail, arount
le room and back and around again
le crowd surged for 15 of the wildest
-aziest minutes in the history of th<
ew York stock exchange, a historj
>plete with records of wild and crazj
?enes.
At last from sheer exhaustion then
ime a ten minutes' lull, which waj
sed in comparing trades. At the beinning
of the respite Sugar was sellig
at 155. for in that quarter hour o
ladness it had broken from 210 t<
>5. but when the ten minutes hat
lapsed, the stock had worked bad
> 167. Barry Conant had again taker
le center of the crowd, after hastily
canning the brief notes handed hln
y messenger-boys and giving orders
> his lieutenants. He had evidently
3celved re-enforcements in the forn
f renewed orders from his principals
[any of the faces that fringed th<
iner circle of the crowd were fright
jl to look upon, sGme white a
lough just lifted from hospital pil
iws, others red to the verge of apo
lexy?all strained as though await
ig the coming of the jury with i
fe or death verdict. They all knev
lat Bob had sold more than a hun
red thousand shares of Sugar upoi
hieh the profits must be more thai
1.000,000. Would he resume selling
r was he through? Was it shor
lock, which must be bought back, o
>ng stock; and if long, whose stock
k'ere the insiders selling out on oni
nother, or were they all selling to
ether, and under cover of Barry Con
nt's movements were Camemeye
nd "Standard Oil" emptying thei;
ag preparatory to the slaughter o
:. the Washington contingent? All these
t questions were rushfng through the
- heads of that crowd of brokers like
s steam through a boiler, now hot, now
" cold, but always at high pressure, for
- upon the correctness "of the answer de
pended the fortune of many who
s breathlessly awaited the renewal or
a the suspension of the contest. Even
- Barry Conant's usually Impassive face
i wore a tinge of anxiety.
1 Indeed, Bob was the only one In
r the center of that throng that showed
! no sign of what was going on behind
? It. The same cynical smile that had
- been there since the opening still
i played around the corners of his
3 mouth as he squared himself In
i ironr or nis opponent, ah Knew now
5 that he was not through. Barry Con
ant had evidently decided to force the
fighting, although more cautiously
t than before. "67 for a thousand."
One of his lieutenants bid 67 for 600,
r another 67 for 300, and as Bob had
i not yet shown his intention of meetl
ing their bids, 67 for different amounts
r was heard all over the house. Bob
might have been tossing a metal coin
r to decide the advisability of buying
i back what he had sold; he might*have
I been adding up the bids as they were
r made. He said nothing for a fraction
r of a minute, which to those tortured
t men must have seemed like an age.
Then with a wave of his hand, as
i though delivering a benediction, he
t swept the circle with a cold-blooded:
"Sold the lots. 6,600 In all."
p "Sixty-seven for a thousand"?again
Barry Conant's bid. "Sold." "67 for
i 5.000." "Sold." "66 for a thousand."
i "SnlH " Thn Hrrwr, from K <100 tr? 1000
r and a dollar a share In Barry Conant's
i bids was the mortally wounded, but
. still game general's "Sound the Rei
treat." Bob heard it. "Any part of
t 10,000 at 65, 64. 62, 60." The din was
? now as fierce as before. The entire
1 crown, all but Barry Conant and his
! lieutenants, seemed to have concluded
r that Bob's renewal of attack meant
r that he was the winning side, and
I those who had been hanging on to
i their stock hoping against hope, and
i those who were short and had been
i undecided whether to cover or to hold
: on and sell more for greater profits,
I vied with one another in a frantic ef1
fort to sell. All could now feel the
. coming panic. All could see that It
1 was a bad one, as the least Informed
l on the floor knew that there was a
1 tremendous amount of Sugar stock in
. 'he hands of Washington novices
t speculation and of others who had
I bought it at high prices. Sugar was
i now dropping two, three, five dollars
a share between trades, and the panic
1 was spreading to the other poles, as
I is always the case, for when there are
i sudden large losses, in one stock, the
t losers must throw over the other
i stocks they hold to meet their loss,
1 and thus the whole structure tumbles
, like a house of cards. Sugar had just
- crossed 110 when the loud bang of the
president's gavel resounded through
the room. Instantly there was a slI
lence as of death. All knew the
i meaning of the sound, the most
i ominous ever heard in a stock exi
change, calling for the temporary
suspension of business while the pres
ident announces the failure of some
i member or house.
(To be Continued).
WORK DONE IN SLEEP.
! Inventors, Musicians and Authors
Have Profited By Dreams.
Some people are not satisfied with
I having done a fair day's work at their
( regular occupation, but insist upon
keeping busy, even while they sleep.
Most of this work, done uncon(
sciously during the dead hours of the
, night, says the Chicago Tribune, is
\ worth less, but sometimes intellectual
, feats are accomplished during sleep
^ which during waking hours prove
quite impossible. .
1 From his early childhood Robert
Louis Stevenson was a dreamer and
his dreams were horrible. Later in
' life he began to dream of Journeys
' wherein he would see strange towns.
In the next phase he could read In his
sleep, and such wonderful books that
' never afterward was he content with
; ordinary literature. Lastly he began
to dream in sequence, and he would
continue the dream from the place
' where he left off the previous night.
5 It is admitted that Stevenson
' dreamed the window scene in "Jekyll
, and Hyde," and some of his friends
are sure that the central theme of the
r strange book came to the author while
' he was asleep. "His brownies show1
ed it to him in# the night."
A pupil of Professor von Swlnden,
1 in Amsterdam, solved a difficult probi
lem in his sleep after the professor
\ and ten or tne Drigntest siuaenis in
the class had worked for days In the
effort to find the answer. Marquis de
* Condorcet, the famous French mathematician,
solved a problem in integral
' calculus while he was asleep, although
| the matter had puzzled him for days.
He did not write the answer and pro'
cess down as Von Swlnden's pupil had
' done, but he remembered the solution
that came in his dream and put It on
paper as soon as he awoke.
Cabanls, the eminent French physician,
says that Franklin told him dur
lng one of his political missions to
i Paris, that over and over again he had
" gone to bed puzzled by political events
* which became quite clear to him dur^
lng his sleep.
* Dante Is said to have dreamed "The
* Divine Comedy," or at least the plot
c and characters and some part of the
1 details. The vision appeared to him
' when he was only nine years old, ac1
cording to some of the stories, while,
s as others tell It, the dream came to
* another child during a trance which
i came along with a long Illness.
i. Voltaire composed the first canto 01
8 the "Henrlade" while he was asleep,
"Ideas occurred to me," he says "in
" spite of myself, and in which I had no
3 part whatever."
Some useful and prosaic things also
have come from dreams. It long has
been known that the making of shot
- resulted from an idea that came to
i a Bristol mechanic in his sleep. The
f man was employed cutting up strips
of lead, out of which his fellow work"
men made shot. The process was slow
i and expensive. One night this work!
man had been drinking, and after he
went to bed he dreamed that it was
' raining. As he watched the rain it
* turned to lead, and the earth was covr
ered with shot. He awoke and, filled
7 with his dream went up into the tow'
er of St. Mary Redcliffe, in Bristol,
and, melting some lead, poured it out
from the top of the tower. When he
. went to look for the lead he found it
p had taken the form of shot. Thus the
shot tower became a fact, and the
r workman made a fortune out of his
f dream.
; ittiscrtlantous grading.
8WAMP LAND8 NEXT.
What the Government le Doing In
Reclamation Work.
"We literally are In an epoch where
1 something Is being made out of nothing,"
remarked an official of the geological
survey, according to a Washlngton
correspondent, In discussing the
work of the government In the reclamation
of arid lands. "Since time was
and since man has been looking out
for No. 1, the effort of many has been
to get something for nothing. The
gambling spirit is a potent factor in
every day business life. Everybody
'takes chances.' If no chances are
taken our life becomes a damned horrid
grind.'
"During the past few years, the government
itself has been taking chances.
Of course, they are not gamblers
chances, because the work of the government
is calculated carefully and Is
, based on forethought and knowledge;
but the element of chance or experiment
is entering very considerably in
some of the operations we have undertaken.
Thus far, the work has proved
immensely successful. Deserts have
been reclaimed and land once considered
valueless has been made to 'blossom
as the rose.' Thousands of people
now are living comfortably on land
that only a few years ago was regarded
as so much waste territory and the
operations of reclamation of such
waste lands are being pushed forward
every day.
"When the first laws were enacted
by congress In 1903 providing for the
reclamation of arid lands, the government
had approximately 600,000,000
acres of what practically were desert
lands. It was not calculated that all
of these lands could be reclaimed, but
the advocates of reclamation maintained
that possibly half of them, by
proper effort on the part of the government,
could be made not only habitable,
but fairly productive. They
pointed out that it would require considerable
money to accomplish the results
to which they looked forward,
but they insisted that it would be
money well expended, as It would insure
directly to the benefit of the government.
"It Is less than five years since the
actual work of reclamation was begun,
but immense results have been achieved
in that brief period. Water has
worked marvels In the arid region. In
the sections of the west now irrigated
by artificial means, eight'towns
have been located, hundreds of miles
of railroad have been constructed and
thousands of persons have established
their homes. Canals now carry the
waters of rivers; tunnels have been
constructed through mountains; and
dams have been built to conserve the
water supply of various regions. Great
crops now are being raised on lands
Which, five years ago, were not worth
walking over.
"This work is being extended and enlarged
to such an extent as hardly can
be realized by the American people.
Thousands of men are being employed
in converting waste places into
gardens, and they are literally doing
that very thing.
"The success which has attended the
reclamation of desert lands has induced
a project for the reclamation of
swamp lands by the government
Really, it Is not so difficult an undertaking
as the Irrigation of arid lands.
A measure will be pressed In the next
congress for the reclamation of swamp
lands In various parts of the country,
including the states of Arkansas, Indiana,
New Jersey. North Carolina,
i South Carolina, Wisconsin and Mlni
nesota and, perhaps, in some other
states. Once reclaimed, it is asserted
by the supporters of the project that
the land would be worth billions of
dollars and would support several mll;
lions of people. The expense of reclaiming
these swamp lands would be
large?very large, in fact?but It
i would be well worth the government's
efforts. As an engineering problem
i It would not be so difficult of solution
as the irrigation of the desert lands of
the west. After they are reclaimed,
the lands would be worth more, as a
productive factor, than the desert
i lands, because the crops that could be
raised on them would be more varied."
WE ARE WASTING OUR FOREST.
Over Three Timet at Much Timber
Uted at the Foretta Produce.
Every person in the United States
according to a Washington dispatch,
Is using over six times as much wood
as he would use if he were in Europe.
The country as a whole consumes every
year between three and four times
more wood than all of the forests of
the United States grow In the meantime.
The average acre of forest lays
up a store of only ten "cubic feet annually,
whereas It ought to be laying
up at least 30 cubic feet in order to
furnish the products taken out of it.
Since 1880 more than 700,000,000,000
feet of timber have been cut for lum->
ber alone, including 80,000,000.000 feet
of coniferous timber in excess of the
total coniferous stumpage estimate of
, the census of 1880.
These are some of the remarkable
statements made in Circular 97 of the
Forest Service which deals with the
timber supply of the United States
and reviews the stumpage estimates
made by all the important authorities.
A study of the circular must lead directly
to the conclusion that the rate
at which forest products In the United
States have been and are being consumed
Is far too lavish and that only
one result can follow unless steps are
promptly taken to prevent waste in
use and to increase the growth rate
of every acre of forest in the United
States. This result Is a timber famine.
This country Is today In the
' roo-n rH tn fnrPSt
wme |iu?iiiuii >>11.11 ?
! resources as was Germany 150 years
i ago. During this period of 150 years
? such German states as Saxony and
1 Prussia, particularly the latter, have
, applied a policy of government control
and regulations which has Immensely
1 Increased the productivity of their for'
est. The same policy will achieve
' even better results in the United
I States, because we have the advan'
tage of all lessons which Europe
! has learned and paid for In the course
. of a century of theory and practice.
Lest it might be assumed that the
rapid and gaining depletion of Amerl,
can forest resources Is sufficiently accounted
for by the Increase of popu
latlon, It Is pointed out In the circular
that the Increase In population since
1880 Is barely more than half the In- Th?
crease In lumber cut In the same period.
The areas supplying timber M
have already reached and passed their of i
maximum production?the northeast- tria
em states In 1870 and the lake states Is t
In 1890. Today the southern states, met
which cut yellow pine amounting to not<
one-third the total annual lumber cut Is tl
of the country, are undoubtedly near It li
their maximums. The Pacific states turl
will soon take the ascendency. The the
state of Washington within a few D
years has come to the front and now M
ranks first of all Individual states in new
volume of cut M
At present but one-fifth of the total Dec
forest area of the United States Is M
embraced In national forests. The re- nlki
malning four-fifths have already pass- M
ed or are most likely to pass Into pri- Flai
vate hands. The average age of the mat
trees felled for lumber this year is M
not less than 150 years. In other line
words If he Is to secure a second crop J<
of trees of the same size, the lumber- sch<
man or private forest owner must In
wait, say, at least one hundred years A
for the second crop to grow. As a Bra
rule, such long time Investments as A
this waiting would Involve do not com- in ]
mend themselves to business men who A
are accustomed to quick return. But tlon
the states and the nation can look M
>-*? further o hoo H Tha la ?rar fhpn & b
the area of nat'lonal and state control O
over woodlands, the greater Is the clos
likelihood that the forests of the coun- fish
try will be kept permanently produc- stoi
tlve. A
ban
NEWSPAPER8 BOUGHT UP. , *
A
Senator Beveridge Call* Attention to dry
Dangerous Combine. A
Hon. Albert J. Beveridge, United
States senator from Indiana, in the A
current number of the Reader, In his
debate with Hon. William Jennings 8t
Bryan, boldly declares that there is a
"newspaper trust" formed to shape yef^
... , . TT cult
public opinion. He says:
"The last evil of these 'trusts' Is the ,
low
moet subtle and dangerous of all; and ^
I see no remedy for It In any possible
legislation. This evil is the purchase ^
and ownership by the interests of
newspapers and other organs of publie
Information and opinion. At
strategic points great newspapers are
being bought up by men who are ^
either a part of or are affiliated with ?
turt
mighty financial Interests. A southern
senator told me the other day that
every Important newspaper in his
state was now in such ownership. ^
Such newspapers deliberately lie to
eu i
the people. They publish real news ^
only as It accordi vlth the political T
or financial purposes of their proprle- wQr
tors. Men of all parties are assailed ^
or praised exclusively from the point but
of view. Both Mr. Roosevelt and Mr. tan
Bfyan have been their targets; and T
other public men have been and are waj
attacked. In exact proportion to their T
services to the people and their de- an^
fiance of the orders issued by the powers
that control these organs. wor
"For this evil there Is no remedy, ^
but In the people themselves. Thomas j
B. Reed, once said: 'I thank God that A
there Is no public opinion which Is po- cut
tentlal except mouth-to-mouth public ^
opinion.' Somehow or other the peo- j
pie come to know about these things. Jn 3
Perhaps It Is the fearlessness and duc
righteousness of the 'country press,' cesj
which has not yet been cosrupted ex- ?
cept In one or two states. Perhaps it chJi
Is the psychic or other, penetrate
shams. If Mr. Bryan or any other obg(
man has any practical remedy In the ngei
way of legislation for this evil, I will A
follow him. But up to the present time
I have seen no cure except In the good j
sense and upright heart of the peo- ^
pie themselves who will come to know
such publications when they see them,
and, acting In opposition to any man hoQ
or measure they commend, get on the egtj
right side." Qf
IMPRESSIONS OF KUROPATKIN.
Insight Into His Character Before the
Disastrous War With Japan.
In 1897, the local czar of Russian
er
Central Asia was General Kuropatkln,
are
the soldier who seems at the present
writing to have burled his reputation ^
as a commander-in-chief In Manchuwor
rla, writes Joslah Flynt in Success
Magazine. At the time In question, he . .
, , _ 7 _ ., . bla<
was looked upon as one of the ablest
and most popular generals in the Rusgra
slan army. He was also supreme
"boss" in the district under his com- ?
two
mand.
Kuropatkln received us at Askabad,
the administrative Russian town. How
he looked and acted during his Russian-Japanese
war I do not know, but
he looked the foxy soldier In every detail
at Askabad. I say "foxy" advised- conn
ly. He had a detective's eye. the re- " '
serve of a detective's chief, and the
physique of a man who could stand
much more punishment than his unlform
would give him room for. Since
the Japanese war it has been said
that he is a thief?or a grafter, if that
be more euphemistic. Certain persons ^ec'
claim that he is 5,000.000 rubles win- eml
ner as a result of the war. Fortu- Prei
nately, the Russians know what gossip aPI
is. and merely let it drip. Unfortu- T
nately. for readers of American news- thls
papers, certain correspondents do not " J
make the slightest effort to distin- Chi
guish between gossip and facts, P&y
Our party spent seventeen days in Boj
Kuropatkin's bailiwick, or Trans-Cas- a^r
pla. as it is officially called. I had eml
various glimpses and talks with this yea
soldier, perhaps the most Interesting wni
glimpse taking place at Askabad, dur- su^
Ing an outdoor religious service on St. vas
George's day. What Interested me MCl
was the short stocky general, standing er t
bareheaded on a carpet near the offl- er '
elating priest. Fo^ one solid hour he ed
stood at "attention," not a muscle In Am
his body moving that I could see. I T
made up my mind, and I have never not
changed it. that he was endowed with the
stick-at-it-lveness to a remarkable red
degree?a fact bolstered up by his cen
persistency in the Manchurian re- kne
treats. tha
Had there not been something about pay
the man and his surroundings that pra
took hold of my imagination, this slim prii
report would not have been made here. Ints
Whatever else he was. or was not do- to 1
lng, he was plainly trying to experi- C
ment with civilization before resorting the
to the sword. His schools, railroads cat<
and agricultural experiments were all pay
Indicative of his constructive ability. A ]
For this side of his character I like this
him. gov
WOMEN IN BU8INE88. A
iy Count For Mors Than Is Qsn* r
orally Known. a
[uch Is heard concerning the work n
ivomen in the business and Indus- tl
1 world to day, and the impression T
riven that only the "modern" wo- t<
i have accomplished anything of n
i outside the household. The fact n
hat woman has been a leading spir- p
i the progress of the race for cen- r
es and has done wonders outside c
utjiue. a
0 you know that? c
argaret Draper conducted the first b
spaper In America? r
ary Katharine Goddord printed the n
laration of Independence? a
me. Ducondray Invented the man- f
n? p
re. Vandernplasse came from
idere and introduced the use ai.1 |,
lufacture of starch In England? a
re. Wilson managed the principal o
of oinnibusee In London? t<
mna Alfred founded the oldest ti
Dlarehip at Harvard, established It |
1785? \
woman manufactured the famous y
rd piano? a
woman owned the largest flax mill b
Europe? v
child was the means or Inspire- p
1 of the spinning Jenny. c
.'re. Threle, of London, conducted b
rewery. |
n the Island of Nantucket at the ti
e of the war men went to whale p
Ing and women went Into trade as e
ekeepera. .. A
woman founded the first savings 0
k. b
woman planted the first potatoes
l^ew England. c
woman conducted a crockery and a
goods store in 1784. * t
woman was an official of the Bos- a
custom house and a real estate j
ler a hundred years ago. n
woman in Minnesota cuts grave- 0
les in the rough as do men. b
fomen have had over a hundred j,
re" experience In trade and hortl- 0
ure. . t]
woman ran a ferry from Sllfton, #
a, to Garden Plain, 111. I,
usan King and Mme. Demorest e
moted a "woman's tea company" g
Sew York. f
woman Invented the nailed band- ?
t!
[rs. Green invented the cotton gin, t
it was patented by Eli Whitney Q
woman established the manufac>
of buttons, although the business
t run by a man?
he self-fastening button was a
nan's invention? ?
wo girls combing their hair inspirthe
machine which combined cheap
on Into moderately fine yarn?
he seamless bag was invented by a 11
nan In 18M? c
he machine for making satchel h
toned paper bags was an lmpor- h
t one. and invented by a woman?
he largest maker of champagne 0
i a woman? T
wo silk dresses were spun, woven ^
colored by the skilful Angers of a '
nan who raised the silk from the
m?
[rs. Sheldon Introduced two hives 1
sees in California In 1553? 8
woman tapped her sugar orchard, a
her wood, gathered sap and made
pounds of sugar?^
he Arst strike or turnout -o jurred ''
1836 by women on account of a re- a
tion of wages? It was not a sue- n
.. r
foman suggested the sewing ma- 1
le. 8
he knitting machine was based on
ervatlons of a woman handling her c
dies. v
woman's sign reads: "Mrs. QUI, 8
t and Shoe Maker, Repairing Neat- 0
)one." 0
/omen are engaged in shoe, cotton ^
ds, sewing and dress silk factories, d
and cap manufactories, broadcloth, 8
pskirts, corset and large clothing
ibllshments. They are burnishers 8
gold and silver, electrotypers, ^
nze workers, printers, linotype *
kers, watch case and watch works r
ters, painters of china, makers of
rors, sconces, table tops, taxlder- e
ts and are employed In many oth- 8
pursuits, but the Anished products
listed under a masculine Arm n
c
ie.
a
i very early days in America two t
nen kept a billiard saloon, Afty
ducted beer saloons, one woman a t
:ksmlth shop, twenty women kept
cher shops, one had a wood envlng
business, one was a druggist,
a stationer and bookseller, Aftywere
doctors, two undertakers, ^
le inree were pannuruKin anu u>c ^
ry stable keepers.
foman Is still the homemaker, sym- .
hlzer and helpmeet to man, albeit j
Is a part of the great world of
imerce and finance.?Giselle D'Untl
MILLIONS TO CHINA. p
i Be Given By the United States ?
Government. w
f present plans are carried Into efsays
a Washington dispatch, the n
lire of China practically will be a
sented by the United States with
iroxlmately $16,000,000.
he situation out of which grows
i remarkable gift?for that is what u
imounts to?Is unique in history. a
na entered Into an agreement to |(
to the powers participating In the
:er uprising a fixed Indemnity. The s
eement provided that the Oriental d
plre was to be given thirty-nine t
rs in which to make the payments, c
iCA Ann AAA tonlo nr *.
cn iLKKrcguieu ii)v,uvvi,??v lacm, v. u
stantlally $360,000,000. Of this
t sum the United States agreed to n
ept $25,000,000, which was to cov:he
cost to this country of the Box- n
rebellion and the damages sustain- |<
on account of the uprising by c
erlcan citizens in China. f
'he agreement provided that China
only was to pay the principal of t
indemnity, but Interest on defer- p
.payments, at the rate of four per 1
t and it requires but a slight I
iwledge of arithmetic to determine c
t in thirty-nine years, China would
, if she lived up to the agreement, n
ctically as much in interest as in
iclpal. The agreement is that the t
(rest on the deferred payments is h
)e paid periodically. _ o
hlna has already made good on C
required payments, and has indi- p
id her intention to continue the t
ments until the debt is wiped out. 1<
proposition is being considered by 1
i government that the imperial c
ernment of China be notified that g
imerica will not Insist upon further
ayments. President Roosevelt, Secetary
Root and other officials of the
dmlnlstratlon believe that the inderalty
demanded of China was greater
han was warranted by the conditions,
'he amount already paid to the Unled
States by China Is regarded as
early, If not quite enough to inaemify
this government for all the exense
it was put to by the Boxer upIsing.
These expenses include the
ost of the expedition sent to China,
nd the indemnification of American
itixens for damages due to the reellion.
The president is inclined to
egard further payments as "blood
roney," and he does not believe that
imerica ought to profit financially
rom a misfortune of the Chinese emIre.
All the expenses of this government
actdent to the Boxer revolution
mounted to about $7,000,000 or $8,00,000.
If the full amount awarded
a the United States is paid, this counry
would net about $16,000,000 or
17,000,000 out of the revolution.
Vhen the amount of the indemnity
ras decided upon it was thought that
n enormous sum in damages would
e demanded by American citizens,
rho suffered injuries in person or
>roperty during the uprising. The
lalms filed have been comparatively
^significant, aggregating only about
2,000,000. The sum together with
he cost of the American military exedition,
which has been placed by
xperts at about ?7,000,000 in round
igures, constituted the total expense
f this government In the Boxer reel
Hon.
In the belief of the American offlials,
that is all which should be excted
from China. It is not unlikely,
herefore that in the near future an
nnouncement will be made by the
tatted States that it will- accept no
nore money from China on account
f the Boxer uprising. An effort is
elng made by European powers to
nduce the United States to insist upn
full payment, on the ground that
he payment is in the nature of a leson
to China, which she ought to
sarn to the fullest extent. That howver,
is not the present view of this
overnment. It Is quite likely, thereore,
that as soon as China shall have
aid the exact amount expended by
he United States, she will be notified
hat no more money will be received
n account of the Boxer indemnity.
DUELING IN FRANCE.
iome of the Oddities of a Custom Now
In Dsoline.It
is said that the practice of duel
iiK Is 011 the decline In Prance, the
ountry that has been peculiarly Its
ome. Perhaps the sense of humor
aa had more to do with the decline of
oelln* In France than any diminution
?f the Gallic Ideas of honor. At any
ate, there has during thwfMt hunred
years been a tendency to poke
un at the whole system.
The most laughable duel ever
fought" In France was that which
ook place In November, 1878, at Plesis-Piquet,
between Messrs. Gambetta
nd de Fourtou.
Some heated words had passed beween
the two distinguished gentlemen
fi the chamber of deputies, for which,
ccordlng to their Ideas of honor,
[Othlng could atone except a duel. The
nen met, therefore, on the field, atended
by their seconds and the sureons.
A look over the field was enough to
onvtnce any one present that there
rould be no occasion for the doctors ?
ervlces. A thick November fog hung
ver the scene?so thick. Indeed, that
ne could hardly see his hand before
ils face. The arrangements for the
luel required that it should be fought
.t 35 paces.
Nor was the fog the only clrcumtance
that tended to place the com
latants out of sight of each other. On
he way to the field M. de Fourtou is
eported to have said:
"Monsieur Gambetta has but one
ye and I am short-sighted; so the
ame will be about even."
It was, of course, rendered still
oore "even" by the fog. Neither man
ould see the other, and the sole danrer
was to the seconds and the docors.
Almost miraculously the two bullets
hat were exchanged missed the perons
in attendance. Everybody's hon>r
was satisfied and the whole party
rent home. Gambetta said that the
,flair was as near to being a sktrrtlsh
in the dark as anything he ever
aw.
A certain notary, highly esteemed,
elped, during the reign of Napoleon
II, to throw some ridicule on "the
ode." Meeting Marshal Vaillant, a
omewhat inflated soldier and funclonary,
in a public place, he achieved
he distinction of offending that Imortant
personage in some way. On
he same day he was called upon by
young man whom he did not know,
rho challenged.him to fight a duet.
"I do not understand," observed the
otary. "Are you the principal in this
flair?"
"I am," replied the young man.
"But. how have I offended you?"
"You have not, sir," returned the
nknown, "offended me personally. I
m the aide-de-camp of Marshall Vallint."
"I see," remarked the notary, with a
mile. "It is beneath the marshal's
Ignity to fight me. It is beneath mine
~ T ?"l'l oan/1 Ana nf mV
D Ilglll yuu. A will ovuu W..V W ...#
lerks to oblige you In this little mater."
Needless to say, this delegated duel
ever took place.
Not more than fire years ago a Jouralist
of Paris, who had by,some crit:ism
offended a well-known polltlian,
received from the aggrieved the
ollowlng communication:
"Sir: One does not send a challenge
o a bandit of your species; one simly
administers a cuff on the ears,
'herefore, I hereby cuff your ears,
le grateful that I have not had reourse
to weapons."
To which, remarkable note the Jourlalist
sent this reply:
"My Dear Sir and Adversary: I
hank you, according to your wish, for
laving sent me cuffs by mail, instead
f slaughtering me with weapons,
biffed by mail, I respond by disatching
you by mail?six bullets In
he head. You are, therefore, killed by
atter. Kindly consider yourself dead.
Vith respectful salutations to your
orpse, I am, etc."?Philadelphia Leder.