Skip to main content
The largest online newspaper archive

The Inter Ocean from Chicago, Illinois • Page 7

Publication:
The Inter Oceani
Location:
Chicago, Illinois
Issue Date:
Page:
7
Extracted Article Text (OCR)

WOMEN'S CLUB HEWS r9parattoaa Being lXade for tii Coareattoa at Dearer. AOTIVITY 13 UNUSUAL Prosramma for tlx Six Days to Be) Varied and Abla Mrs. Lrada Eraoi.WUI Tallt Aaei rkaiti ef Keeaeaate "Worst Ik Claba mm Weeeeaear. Th tnttr Ocean begins a bow feature with this moraine's Issue, la a department devoted movement, as outlined editorially yesterday morning. Though the winter season la the most sus picious for the developing of such a depart' meat, and) the centering' of Its most breezy Interest, there acTerthsleaa are a large num ber of active summer workers, whose more- meats concern, a railed and extensive line of newspaper, readers.

The extent to which club lite among women has developed cf late years la juat becoming appreciated by the general public. The rslue of the work In Chi cago Is quickly understood when Its pene tralia is looked into. Hundreds cf Uvea are brightened, hundred of stragglers assisted without ostentation or reward by those branches of club work which look toward the material alleviation of the communl'lee around them. But aside from all labors of a charitable or philanthropic nature the bulk of club activity Is deroted almost exclusively to the educational Idea. The federation mot to, "Unity in Diversity," embodies the under lying principle of that organization, the beauties of which are most rigidly lired up to.

It is The Inter Ocean's purpose to-make lta club columns useful and representative, so that the more or less flippant Inaccuracy which often characterizes club reports shall be wholly wanting. To facilitate the launching of the plan it is desired that as many clubs as possible will son's woik, together with such information as will be of Interest to club women. The has the hearty sympathy of the federation president. Mrs. Hecrotln, who, together with many of the heads of the organization, had long felt the need of proper representation In the daily press.

Just at this time the whole tbougtit In elub circles Is fixed upon the biennial ronrention which opens in Denver at 11 o'clock on the morning of June 21. Cnnsual actirity has characterized the preparations, and volume VI. of federation records promises. In consequence, to eclipse any that hare gone 'before. The women's clubs of Denver here laid themselves eut -to make the convention a historic one, with every prospect of belug successful, and adding to the reputation of Dearer as a conren-tlon city.

The programme for the six days is varied and able, introducing some of the most prom inent ronnn in federation affairs. The exercises will be given over almost exclusively the care of specialists In the different lines. For Instance; at the meeting on the afternoon of June 23, en "The Home," the presiding officer will be Dr. Mary E. Green of Charlotte, president of the National Household Economic It la possible that in connection with meeting there will be an object lesson by a class of children trained by Mrs.

Fischel of St. Louis. Mrs, Fischel, who Is a wealthy woman. Is a devotee of this Iic6 of work. She trains classes of children la "home economics," and teaches other women to train them, something; after the manner of the kitchen gar den classes.

Her line of teaching goes further than the latter, taking up the ethical aide of home life and teaching, in a style based on the kindergarten methods, the du- uea or eacn memoer or tne nousenoia, ana how they should be fulfilled. Mrs. Lyndon Evans, wno has worked so devotedly and so effectively In the clubs of self-supporting women In Chicago, the lunch clubs, evening clubs, and others, and who will preside at the meeting of Wednesday afternoon, devoted to "Phases of Kcot.omlc In Clubs," will tell the story of these clubs, the only ones of their kind In America i how through them the girls who earned their living have provided themselves with pleasant lunchrooms and nourishing. Inexpensive lunches: classes in a multitude of branches: circulating libraries, gymnasiums, and many other benefits, and all without a touch of the bitter wand of charity, but per va Jed by the beautiful club spirit, which makea all equal. At -the educational meeting, Wednesday evenlna.

Miss Laws, auditor ef the O. I W. will preside, and among the speakers will be Mrs. Mary E. Mum ford, former rice preel- dent of the General federation; Mrs.

Harriet Hickox Heller of Omaha and Mrs. John R. Coray of Ctah. Thursday morning, on "Civic Clubs and Village Improvement So- uiA. rOT.ii.i.

oi in Mia. VVIUOUUB DWT1UIDU WW ve chairman. She la president of the noted Civic club of Philadelphia, which haa accomplished so much in municipal affairs. Thursday afternoon' comes "The Library juovemeni in we. vnuea states, sirs.

Toayer of Iowa taking chart. As nothing except the public schools has occupied so much of the attention and practical efforts of the 1vl- III V. mm uig uwxki.cb, vui vw a session of special Interest to all earnest dak women. Accounts of the traveling libraries sent eut by different state federations wI3 ge given, with "special reference te the work In the South, where these libraries hare been sent among the mountain people- of Tennessee and Georgia, and the negroes of Louls-- Ian a. In the clubhonce wCl occur the meeting on "The Press." Mrs.

HenroUn will preside. i ce speazer on the press Vrtu mips Helen M. WIssIow. dlur of the Club Wojnan; Mrs. Annie K.

Bpero of CaUfr.ru!, on. West-' era joursaMsta; Mrs. H. O. Tencer of the Midland Magazlae, Iowa; Mrs.

t. Johnson anpd Mrs. SUea M. Cmaawell Washington. jj, v.

ouca question we; arras tnu meeting as "Shall ths cJuh pcblteii," er tot publish, its b- tween the press an 5 UAaltruisUeLievMneats Of the time." and so on. la pas6irg. It may be said that the press womss of Penver fciTi organized a cln, with MUs Mian: J. By-'i nolds of the Rfltsky McinHin New ss rreai dent, for the expres purpo oi some courtesies to their sisUrs rt o.c'.L maw V. VI.l- i' wvpi-LVa A' YIMwEg press women, and what time tat busy re-" porters caa spare during blet.r.1; wesk will v.

i iw i piTxami-; si alble for the visitors. From 4 to o'clock Thursday artrcoon there will be receptions at private houses, to which the delegations will inrtted In Louisville, and for which the most elegant mansions la the wlU be opened. Thursday evening Mrs. P. Barnes ef I 111.

1 1 a. fa. 1 a Ject will be "Uncut Leaves." The speakers Will be Acnes ReppUer, Miss Kate Chepin, and Ruth McEaery Stuart. Miss Margaret Evans, president of Carlo ton. oollego and the Minnesota (ederatloa.

a famous educator. Will preside at the educa- tloaal sohfereaoo FTiday morning. Friday afternoon comes "The Industrial Problem as It AXTeetS Women and Children." Great has beea expended on too securing of good speakers at this session. Among them will probably- be Clare do uraff sailed of the National Bureau ot Labor, who Is noted for wonderful work la the collection of labor statistics of this and. other countries also Mrs.

A. P. Stevens, one of the most famous statisticians of the country, and Mary Ken-ney O'Sulllran. Mrs. Sidney Webb of London will speak on "How to Do Away with-the Sweating System." June 2i and 25 will bo deroted in part to trolley rides' and a mountain excursion, in which the delegates and visitors will make the swing "around the circle." Brown's Palace hotel has beea selected ss Chicago headquarters in Denver, and the Broadway theater, Trinity and Unity churches will be the scenes of the rarioua exercises.

Mrs. Clara M. J. Farsoa. stats chairman of correepOQuenco for Illinois, haa Just completed official arrangements, providing for an excursion ot many hundred federation-ists.

Tho party leaves Chicago, over the Burlington on June 17 at 5:30 p. m. Two days' stop-over at Omaha is included, where they will be met by club women from all orer the country and bo jointly entertained by the Omaha clubs. There will be work laid cut In Omaha, however, where, a special programme will be given. Luncheon will be served on the exposition grounds and a reception will be tendered theta the same evening.

The delegates will also be ca'led upon to fill the Omaha pulpits from among the female pastors in the party. The time en route between Omaha and Denver will be consumed by discussions of a purely parliamentary nature, so that no hours shall be enprofltably In Illinois there are more than 200 women's clubs. Three years ago the only ones In existence In this state were In Chicago, Peoria. Springfield, and Jacksonville. Mothers ought to gather at the club, from contact with other thinking women, eaouga new and diversified thought to interest tho whole family.

Why is it that a spirited, not to say rancorous, debate in a woman's club or organization causes so much astonished newspaper comment, whereas a tree fight in the French Chamber ot Deputies, the Austrian Reichstag, the English House of Commons, or oar own sogust Senate Is looked upon as something to be expected and not at all worthy of animadversion? The Club Woman. The emblem of the General Federation of Woman's Clubs Is known In nearly every country on the globe. It represents forty- four states and 504.000 general club women. It has a Federated Club of Indian Women from the Penobscot tribe, two in London, one in India, one in Australia, and one In South Africa. The federation stands tor something greater than a social scramble or a selfish gratification for ambition.

It builds on the principle ot common-senss reform, broad democracy, and human sympathy. It is constructive, not destructive. Every biennial Is a step toward the achievement of Its hopes and prayers. WOMEN AT THE CONVENTION. Varlaaa Caaaldatea aieatlaae far aa Trasteeshla.

Among those whose names are mentioned as the possible choice ot tho woman's Republican state convention at Springfield Toes-day for university trustee are Mrs. Gertrude Blackwelder. Mrs. Alice Asbury Abbott, Mrs. Evelyn Frake, Mrs.

Julia B. Shattuck. all of Chicago; Mrs. Lutx of Lincoln, and Mrs. CarMe T.

Alexander of Belleville. All are thorough Republicans, most of them having been actively engaged during tho last two campaigns for the nomination and election ot a woman upon the state university board of trustees. All belter In tho political equality of women all are women ot liberal education and of executive ability. Mrs. Blackwelder is a graduate of the State University of Kansas.

Mrs. Shattuck is a graduate of Hillsdale college, Michigan, and a member of its board ot women commissioners. Mrs. Alexsnder was valedictorian ot her class at Montlcello seminary and Is well known la Q. A.

R. circles. Mrs. Frake Is a member of the Chicago board of education. Mrs.

Abbott Is well known In club circles. while Mrs. Luti has abilities which, in the estimation of her friends, place her on an equality with other candidates for the trustee ship. It Is quite likely that the delegates from counties outside of Cook will concede the choice of candidate to Cook county this year, since the reverse was the case two years ago. There are now two women on the state board, Mrs.

Flower, whose term of office expires two years hence, and Mrs. four years both Republicans. Three trus tees will be elected in November to serve six years. WANTS CHICAGO DAY IN OMAHA. Caaaty Deaaaeraey Dlseanes Its Trip Traas-31 IsslsslppI Kxstoaltlam.

At the regular meeting of tho Cook County Democracy yesterday afternoon President Powers stated "that efforts-were being made, la view of the prospectlre trip ot tho Democracy to the Omaha exposition, to Induce tho managers of the exposition to appoint a Chicago day in September or October. There has already been an Illinois day axed, but Its dato la too early to suit the convenience of a majority ot the members who wish to visit the show. President Powers expects to hear from Robert Burke on the subject In a few days, Mr. Burke being now on a visit to Omaha. An amendment to the by-laws of the society providing for monthly Instead ot weekly meetings, and fixing the time of the meeting on Friday evening Instead ot Sunday afternoon, was read, but laid orer under the rules regulating amendments to the constitution and bylaws.

FUNERAL OF PAUL GROTTKAU. Orgaalsed User Milwaakea At-teaaa tba Last Rites. Spsciai Dispatch to The Intsr Ocean. -MILWAUKEE. June m.

Tho funeral of Paul Grottkaa this afternoon assumed the shape ot a labor demonstration. The various bodies ot organized workmen, led by tho followers of Eugene V. Debs, assembled la front of the Exposition building, formed In procession and followed the body to Forest Home cemetery. There were nearly C.000 people at the cemetery. A Socialistic singing society rendered music appropriate to the occasion.

Victor L. Berger, editor of a local labor paper, and Karl Kleist. who was a fellow worker of Mr. Grottkau in the Socialist movement In Germany, delivered addresses eulogizing the deed leader. A collection was taken up for his family, which resides In San Francisco, and Is left in narrow circumstances.

The body wss cremated, and the ashes will tt- sent to the a. Bralteataa Aecrltleatally Killed. Death came suddenly to Edward Criffllh. a brakeman on the Atchison, Topeka and Santa Fe ralirosd. yesterday morning.

He was en-raed in switching cars at Eighteenth ttreet, and attempted to mak- a coupling. Grifnth was caoglit between the tender of the locomotive and a ear. and sas crurhed. As the cart relaxed he etacrerrJ rd fel' outside the rail, aed died in a few minutes. Griaiih was about Zs ytart old.

His honte was In Topeka, Kan. Hysaea May Recever. II. Hymen, who swallowed carbolic add and then Jumped off the high arch bridge In Lincoln park Saturday afternoon, was reported in a somewhat Improved condition at the Oerman hospital yesterday. There is a chance for rriLd rNTEn ocEAir, morning, june RECORD FOR EXPORTS tlan-qfaotnTea Bent JLbToad "Will XCxoeed the Imports.

FIRST TIME IN HI8TORY fy BoreAU of Statistic. FLtoes the Excess at Over $40,000,000. Kearly Krery Bra ash of tao Manafai tarlas Isisilry Ikared la Special Dispatch to The Inter Oceaa. WASHINGTON. D.

June 6. Tho manufacturers of tho United States are making la the fiscal year which closes with this month thslr greateet record In competing for tho markets of tho world. Not only will the ex ports of manufactured articles for the fiscal rear exeeed those ot any previous year, but for tho first time In the history of the coun try they will exceed the imports of manufactures. la the tea months of ths fiscal year whose THE BITTEREST THOUGHT. Spcalnt' "And I Actually Went Out of My Way to Pwt iHs Handle on ItV detailed record tho bureau of statistics has yust completed the exports ot manufacture by ever 140.000.000 the value ot the manufactures imported, and it la probable for the full year's record this excess will reach 50.000.000.

Ia ao preceding year In tho history of tho country have the exports of our manufactures equaled in value the Imports of manufactured articles. Ia the fiscal year 1897 the Imports of manufactured articles exceeded tho value of exports of manufactures by the sum of in 18 by $104,759,784, and la 1896 by IU1.4U.78J. Nearly every branch of our great manufacturing industries has shared in this growth of our sales to other parts of the world. Tho exports of agricultural implements, for Instance, which in 1888 were about 82. 600,000 ia value, will, la the year 1898, be, ia round numbers.

$6,000,000. Laeoaso tires ta Deaaaai. Locomotive engines, whose exportation la 1888 were less than $300,000 In value, will la 1898 reach probably $4,000,000, orders tor more than engine having beea placed with the great manufacturing establishments during the past two months, for us la China, Japan. Russia, Egypt, Australia, and South America. Bar iron, of which we exported 1.600.000 pounds la 1888, will amount to 10.000.000 pounds ot exports in 1898.

Builders hardware, the exports of which la 1888 wer rained at $1,442,635, were last fiscal year In ralue. The exports of cat nails, which in f888 amounted to pounds, will ia 1898 amount to more than S5.ooo.000 pounds, aa Increase of 200 per cent, while wire nails hare Increased orer 1.000 per cent, tho exports of wire, wrought and horseshoe naila la 18SS being Ls47.078 pounds, while those ot 1898 will reach nearly if not quit 20.000.000 pounds. Exports of iron plates and sheets, which la 1889 were lee than 1,000,000 pounds, will la the year which ends with this month amount to nearly 8,000.000 pounds, while those ot steel plates and sheets, which wer but pounds in 1888, will exceed 20,000,000 pounds In 1898. Tho total value of tho exports of manufactures of iron and steel, which in 1888 amounted to $17,768,034. will ia 1898 exeeed The exports of leather and manufactures thereof, which la 1888 amounted to less than $10,000,000.

will la 189S exceed in ralue. Sale af Oils Largely lacrtaiei, Exports of illuminating oils, which ta 188S amounted to 456.000,000 gallons, will la 189S exceed 800.000.000 gallons, while lubricating oils, which la 1888 were less than Z3.000.000 gallons, will in 1898 reach 65.000.000 gallons. Tho exportatlons of paraffin and paraffin wax. which la 1888 wer S6.000.000 pounds, will ia 1898 reach 140.000,000 pounds. Soap increases from 19,000,000 pounds la 1888 to orer 27,000.000 pounds la 1898; glass and glassware from $881,628 la 1888 to $1,208,187 in 1897; manufacture of rubber from in 18SS to $1,807,143 In 1898.

Manufactures of cotton show an Increase of 50 per cent In the ralue of their exports during the past ten years; exports of chemicals hare also increased 60 per cent la ralue during the same time. Manufactures of brass hare Increased from $308,124 In 1888 to orer In 1898. whUe manufactures of copper, la-eluding ingots and bars, which la 1888 were $3,812,798. were last yesr $31,621,123. and seem likely to exceed that sum In 1898.

Ia numerous other manufactured articles there bar been similar galna. nearly tho entire list baring shared la a greater or less deare la the growth ot tho export trade during the paat decade. The total exportation of manufactures In 1888 amounted to and In 1898 seems -Mkely to reach nearly or quit $290,000,000. CANT SUCCEED HERHUSBAND. Fatlle Effort ta leeare the Uaexptrcd Trrn for Mra.

laglls. Special Dispatch to The later Ocean. SPRINGFIELD. 111.. June 5.

Sine the death of Professor S. M. Inglls. state superintendent of public Instruction, tho friends of the deceased hare endeavored to secure the office for the remainder ot the unexpired term for Mrs. Inglls.

Secretary ot State James A. Roe haa looked up the law and finds that Mrs. Inglls cannot bold the office, as the constitution says specifically that it can-, not be filled other than by a male person. Ts you appetite Hood's Sarsaparllls will tone your stomach and digestive organs. WITH THE CENTRAL W.

C.T. U. i.r-y. Last Baalaeea MeotlasT o( tha'lasasBOS Is Held, Tho last buslaoso mooting for the summer ot the Central W. O.

T. U. haa beea bold, with Mxo.Rebert L. Oreoaloe aa presiding offloer. There will be zt ether regular soasion till Sept.

a. Mrs. Matilda K. Kline has resigned, her position with tho Central and taken tho secretaryship ot tho "Baptist Woman 'a Missionary society. Mrs.

Jessie Browa Hlltoa of KvanslOB baa taken the place Mrs. Kline formerly held as weU as that of loader of tha noonday meting la Willard hail, Mrs. Abblo Church naring resigned from too latter place. "Mother Prlndle" of Washington, D. and Mr, brent of Japan have beea guests during the past week of Mrs.

Pardon, at the Anchorage mission, oa Wabash avenue. Tho musicals at tho Florence Crittenden mission, under the directorship of Mrs. Henry McCall. was a very pleasant event. The umbers on the programme were excellently rendered, and- tho refreshments were delicious and well served.

Mrs. M. B. Carso la in tho East and will probably not return for two or three weeks. "Brother David." tho Hindoo evangelist, haa been speaking at tho WUlard hall soon meetings during ths last week.

He will continue his addresses In tho hall all this week, both at soon and at night as well. This coming week will bo the last opportunity that Chicago will have of hearing this unique and wonderful maa. siaoo ho will probably leave the United States la tho course of a few week. Tho guitar dub. composed ot little girls at Ilooe mission, excellent work and ts a credit ta tho teacher.

Miss MUnausaa. Mrs. Bruea. who Is superintendent of the mission, baa gone oa a trip to tao DRINKING FOUNTAIN UNVEILED. W.

Cv T. Prtitst fa tho City Is Ready far Uaa. A drinking fountain, presented to tho city by tho Ma pis wood W. a T. was yesterday unrelled at Milwaukee and Powell avenues.

Mrs. T. Rellsy ot Evaastoa presided. Joha O. Shortall.

president of tho Humane society, accepted the custody of the fountain oa behalf of ths organisation he represents. The fountain, which whs concealed by a United 8 tats flag, was unrelled by six littlo girls. Pearl Miller recited a poem written for tho occasion. Mrs. ReUey, la the course of a tew remarks, said that ths last letter she received from Miss WUlard had reference to tho fountain.

"Keep oa working for the fountain until I am strong enough to come and help yon. wrote Miss WUlard. Yesterday afternoon there was much rivalry among the children as to who should take the first drink, a rush being made for the aluminum cup whea the stream of water was set la motion. According to Mr. Shortall there are bow fifty drinking fountains la Chicago controlled by ths Illinois Humane society.

DISCUSS MISSIONARY MATTERS. Caasrresratlaaal Weaaea Moot aa Talk (tall Tho Congregational women mot at No. SS Dearborn street Friday morning. Miss Term of Plymouth church presided and read the message glvea Joshua: Be strong and courageous. Mrs, How spoke feelingly of tho many Christian young men who have gone Into army life.

Miss Pollock reported tho meeting of the West Division at Western Springs as helpful and encouraging. Tho subject for prayer was las Grace WyckofC Both sisters were remembered. The Importance of tho work among the children was spoken of. aad air-wer urged to aid la keeping the children interested. A letter from Miss McCandllsh gar glimpses of her life in Japan, studying the lsnguage, teaching English classes, and enjoying everything very much.

Mrs. Mowe brought a word from her daughter, ia Kobe, of a visit from a prominent educator, and other items showing ths spread la Japaa ot child study. SMITH DISCUSSES HIS TRIAL tart Aate-Martasa atataaaeat af Belt-- Mas IhesK Have Beta ExIs44. Edward 8mith, who was convicted la Judge Trade's eourt Saturday night ot the murder of Joha Heltman believes that he would have been acquitted If the ante-mortem statement of Heitman had beea excluded. "That was the worst piece of evidence against me." he said, "and after it was let la I thought tho Jury would hang me.

"That ante-mortem statement Is incorrect. Heitman never said that I struck him. He said it must have beea me ho guessed it was mo because, he said, no one els was around the time. But Justice Foley and the police took down the statement and made it read that Heitman was positive I assaulted him. I said at the time that if Heltmaa died the statement would bo a bad piece ot evidence against me and it was." Smith's wife did not call at the Jail to see him yesterday.

8h has beea excluded since the attempt Smith made two weeks ago to break Jail. Jailer Whitman seems to under the Impression that Mrs. Smith hsd something to do with smuggling in tho two saws found la Smith's celL Bey Drowsed la Ike River. George Reneck. 16 years eld, was drowned la the river at the foot ef Bloy place yesterday afternoon.

The. boy, whoa home was at No. 122S North Lincoln street, was plarlns with a number of children along the banks, when he lost his balance and fell Into the water. The police were unable to recover the body. Flads Carrier Plsreesi tils Wis4wi A carrier pigeon, apparently greatly exhausted, was found on the window ill! of Joseph Lew-inski's borne at No.

17 McHeory street yester-dy. The bird appeared to have traveled great flatane. aa4 aiiachrd to on. Irs was a bearlna- the inscrlptlno: 'T 1S37-S4." Lewinsk.1 notified tfae police at the Rswioa ttreet statloa of hi capture. MARSHALL'S LETTER SaUal That "War Will Be Terminated Ceatlaueo.

MONEY IN ABUNDANCE Frloee Remain at Level Xteaohed After Manila Victory. Laaas Made Fraely at Law Rates War Cast Mar Kaaea Yoao eltasa Deal LasTltlasate. I fpesla! Dispatch te The taut Oeeaa, NEW YORK. June Marshall, la his financial letter la the Sua tomorrow will sari Confidence la a speedy termlaatlea or the war with Spain, either through tho captare of ths 6panUh fleet at Santiago, the eonqaest of Cuba and Porto Rleo, or the financial exhaustion of the Spanish government, ooatlaues to prevail oa tho stock exchange, and to maintain prices at tho level they reached after tho nsval Victory at Manila. Encouragement Is also furnished by tho steady outpour of money by the government from the hoard accumulated by tho last administration aad from the delay la checking it, either by borrowing or by taxation.

Tho expenses ot tho war are bow estimated at $600,000,000 or a year, instead of tho $300,000,000. which It waa at first supposed would cover them, ant how they are to be met without selling bonds, either ander a new act or the old resumption act of 1875, Is not easy to sea. la tho meantime money Is abundant and Is lent freely at low rates. Tho western railroad companies ar Increasing their dividends, and the outlook la every direction Is, for tho moment, cheerful. The addition to tho currency ot the country of $42,000,000 In the course of tho next two years, contemplated by Sens tor Wolcott's amendment to th war revenue bill, so far from being a menace to the stock market, as It was Interpreted to be for a few minutes, oa Friday, la clearly aa lnflatloa measure, aad ahould legitimately have tho effect of one.

What will happen whea the government comes Into th market with a large bond issue Is a question whleh only tho erent caa answer. Letter Haa Made a rreffL It tho newspaper reports ot young Mr. Loner's operations la wheat ar to be believed, he has beea saved from loss and has mad a profit by this farorablo stats of ths money market, Whoa, last December, his antagonists scoured tho country tor real wheat aad poured It la upon him at tho rate ot a mil-lloa bushels a day, tho Chicago banks. It la said, came to his assistance, and lent him, upon collateral security furnished by his father, the money be needed to meet his contracts. Had they refused to do this, and had ho beea compelled te sell the wheat delivered to him la order to get money to pay tor It, his entire scheme would hare beea wrecked, aad ho would hare beea financially ruined.

As It la. he Is said still to hare oa his hands 4.000.000 or 5.000.000 bushels at wheat, which, at th current price, represents more than his supposed profits, and. whatever price ho must hare paid for It. It cannot bow be aold without aweeplng away a large part of those profits. It aot the whole of them.

If. tor example, ho has given tor this wheat $1 per bushel more than ho Is likely to get for It whea ho sells It bis loss will be between $4,000,000 and $5,000,000. or precisely what ho la supposed to hare gained by dealings extending orer many months, and Involving a turnover of S5.000.000 or 40,000,000 bushels. At best, therefore, his profit bears aa Insignificant proportion to tho risk ho haa run, aad by ao means courage others to Imitate his example. It la bat just to Mr.

Loiter to say that he disclaims baring engaged la "cornering tho commodity ia which he has been dealing, but ho bought It purely upon th business principle that It was selling for less than It was worth, and. therefore, that It was a wise operation ta buy. It and hold It for a rise. Justice also requires that he bo acquitted of the crime, with which ho has tteea charged by reckless demagogue, of baring artificially enhanced tho cost ot food and thus of baring caused untold misery to millions ot poor people. Wheat continues but a- small fraction of ths world's dietary aad tho recent rise la Its price barely puts Its coat aa food back to where It waa a few years ago.

Even If Its price were bow extortionate, it could bo replaced with rye. Indian corn, rice, potatoes, and all the rar-ctles of green rege tables. Tho reason why efforts to corner the sup ply of staple commodities almost invariably fail, and if they are made with borrowed money, bankrupt those who engage ia them. Is, simply, that tt takes two to make a bargain. There can be no aal without a buyer as well as a seller, and the mass of buyers can always refuse to buy If they choose to.

Toe cases In which men ars compelled to buy because tbey have, in turn, made contracts to sell, which they can fulfill only by buying for delivery, are eeirj-iraMTcIy rare, and even ia them there la always th resource ef defaulting oa the contract, A partleular stock er a particular modlty of limited supply may thus bo cor Bored to tho profit of the ooraerer, but one ef which the supply aa well aa the demand comas from a multitude of oouroos Is yond tho central of any feamaa being ar combiaatlea ot human beings. Wheat, for lnstaac. as waa abewa last December, caa be gathered ta from thousands af producers who waited only for the stimulus ot a high price to pour their hoards into tho market, aad oa tho other hand tho consumers ot tt art si war, as ha beea shown, at liberty ta some ether kind of food, aad usually do so whea Its price is high. Coraer that Cellapeed. The most notable Instance la recent years ef the wsy la which a coraer at aay article of extensive use Is defeated of lta pin poo by tho spontaneous combination of consumers against it Is that of the great European copper syndicate of 187 -t, the manager ot which was Monsieur aV Decretsn of Paris, aad whose financial backer was th beak known aa tho Comptolr d'Eecompta ot ths same city.

Observing that copper, which previously had sold at the level of about 80 per ton. had. la consequence of the aew supplies coming from the United States, Australia, Japan, aad Chill, fallen to about 40 per ton, whUo at tho same time there was a prospect of a greatly Increased demand for it for electrical machinery and conductors. Monsieur 8ecretan conceived tho idea that by cornering the supply tho price could bo raised so ss to yield aa immense profit. Faraaeel a lyweUeate.

succeeded la forming, to put his Idea Into execution, a syndicate, which, in October, 1887, made contracts with the principal copper producers la tho world for their entire product, and then began lta operations. Tho price of copper waa at one more thaa doubled, sales baring beea made before tho oad of 1387 at slightly over 85 per ton. All through 1888, aad until March 1889. tho price waa kept at about 60 per too, but la March. 1889, the crash cam.

The syndicate waa loaded with 180,000 teas of copper oa hand aad 325,000 tons deliverable to It, for which there waa ao sale, and tho Comptolr d'Escompto suspended payment aad lta manager committed suicide. The syndicate, having ao means of raising more moaey, necessarily failed to take th copper tor which It had contracted with tho copper producers, a panlo la tho copper market ensued, and tho metal fell oa th 18th of March to 35 per tea. recovering to 40. the loss to tho syndicate oa Its actual holdings being 5,000,000. aad that oa Its cob tracts 8.000.000, making Its entire loos 13.000,000.

Tho cause ot tho catastrophe was ths usual ens of a production exceeding the estimate of th syndicate, aad a consumption falling abort of even that estimate. Mad Mleealeaiatlea. The syndicate counted upon a world's production of only 260,000 tons, whereas, at th eod of seventeen months, ths surplus alone of production over consumption waa over duv.vu ions. Every mine which aad beea closed whea copper sold at 40 per too waa reopened whea tt rose to and onward, and consumers who had beea baying at 40 stopped, buying long before It got to 80, aad. either ceased operations, or need la them old copper and metals ether thaa coDner.

Thus. area It the syadicats had beea able to go oa indefinitely cornering tho supply. It could aot have created a demaad equal to If, aad the longer the coraer ceatlnned the mare dis astrous would hare beea Its final collapse. It may be asked why the Standard Oil cam-paay, which ta said to hare a permanent corner la petroleum, aad the American Sugar Refining company, which la said ta hare a ilka corner In refined sugar, do not suffer the fate ot other cornerers. but.

oa the contrary, ar extremely prosperous. The answer Is that these companies hare newer saasht tn raise th price of their prod net above that wnica would naturally prevail If they did aot exist. Their prosperity comes from cmba. mles la production which their Immense op erations enable them to make, aad from tho suppression of a competition which formerly caused a wildly fluctuating market, aad at times reduced prices below cost. Should these companies ever attempt to make a real coraer.

aad to raise price a bore their natural level, they would inevitably invite aew competition, check consumption, aad ultimately suffer th tat of tho French copper syndicate. MATTHEWMAWSTTAT.T., TO ENTERTAIN PRINCE ALBERT. Mr. Patter Palaser Xaklasr Exteaslre Preaaratlaa at Xewaart. Special ZMapetoh te The In tar Oeeeaw NEWPORT.

R. L. June 5. Newport Is to be called upon early this summer to entertain a titled foreigner la tho person ot Prince Albert of Flanders, who Is expected to arrive with his suite of tea oa Friday night. Extensive arrangements are being mad for his entertainment- While la Newport the Prince will be the guest of Mr.

Potter Palmer, at "Freldhelm, who will hare a large house party la bis hoaor. Miss Julia Deat Grant, daughter ot Colonel Fred Grant ot Now York, will assist in tho entertainment ot Mrs. Falmer'a guests. Thar will be dinners aad dinner dances, aad Mrs. Palmer left for New York tonight to procure extra furnishings tor her rllla.

STEAMER' HIT THEIR Tare Meat Jaaap Qyerbeard la Fright asi Orswa. Special Dispatch to The later Ocean. BUFFALO, N. Job 5. As th steamer Fletcher was picking up her cenaort behind tho breakwater last evening, ah struck a skinT containing three men.

The maa became frightened and jumped overboard and wer drowned. Their action waa uncalled tor, as tho skiff was not eves swamped. Xew Coieoiatioae ta Mlealgaa. Special Dtspatea te The later Or a. ULNSINO.

Mich-. Jane The roMowtag corporations filed articles of association with the secretary of state during the pest week: Mount Clemens Gas company. Mount Clemens. $30,000: Hswley Drtring Park aad Fair association. Hawley.

1X400; Detroit. Plymouth aad NorthrUle Railway company. Plymouth, 000. Richmond Iron company, Negauaeea, SIXMO: Voices. Slllroo-Irom com pas y.

Iron Mooa-tala. fie. ouS; Flsdley Oa compear. SC Leaia. Ptoaeer Halhcompany.

Caseopolis. Banner Leandry company, Kalamatoo, Ives-Rapp Manutaetaiing company. Dear bora, Briars a Cooper eecapaay, Saginaw. $,. 000; American Jewelry compeer.

Grand Rapids. Bergeron Medicine company. Owosso. $M0O. The Arnold Mining company Increased lis capital stock from Lo X3T A BUSH ED 1S6X WE ARE COMMISSION COMPANY, GRAIN, PROVISIONS STOCKS.

(tut i ewfa tin fmMmltnmmi mi. Old Colony Culldbj, 2d Floor, Disrbora Yaa Bursa Sts. GRAHAU SONS, BANKERS, 134 V. r.Tadlson Street. Montr to loss on real Flrvt rr lrxH Iwiu U-W iu yni.

Va a. at. p. u. Munis Grost La SaK nd JocUoa Streets CAPITAL AND SURPLUS C4.600.00O.

arrcafcaT allowed on ocoarra in bamk IN Oj AND AVINS DtPMTsltm. BONDS Government, State, County. City and ehoic Railroad bonds bought and sold. FOREIGN EXCHANGE Letters of Credit. Drafts.

Postal Romit-tanoea and Cable Transfers. TRUST DEPARTMENT Acts as Administrator. Executor, Guax. -dlaa. Conservator, Assignee, Receiver.

Transfer Agent end Registrar; makes Investments and acts as agent tn tho coUectlorfand disbursement of incomes. Trust funds and trust investments are kept separate from tha asaeU of the bank. i SAFETY DEPOSIT VAULTS EDWARD L. BREWSTER GO; Stock Brokers, 209 La Salle 5U cor. of Adams St, Utnbtrt law York Stock Eicbtnjt.

Utmbtrs Chicago Stock Exchtago. Uarabars Chicago Bstrd of Trtdo. ILHIHE, BODHAN GO. Ocscrsl CoBmlsslea Kercaaata, Grain, Provision and Seeds. ivers.

Shippers aad Expertem. DLLUK3 lOfttTT FOI TVntl PEUTtKT. Ia Direct Oattle ComnaBleattoe wtllh I sen in aUaropeaa Tt tOttt OF TUBE, CHICASO, ILL. I eat PtOOOCE tICHJUICf, I TOIL DO YOU DESIRE TO INVEST IN Grain, Provisions). Stocks, Bond, or Cotton Taea We are Meeakers CHIOAOO write as.

BOARD OF TRADE. Stack Eiraaaga. aad bar Private Wires te AM Ezcaaagea, YOU CAN MAKE MONEY Br eerrfaL eoaarrative ta-eettaaenta. Ssed lormr Investor a Guide aae Oauy asarse Wtter. ailed tree.

C.fl.VIIYLariD&CD. 10 Pacsfle Oreead Fleer. CHICAGO. L. DEVAR fi Bankers and Brokers.

151-153 Washington St, CHICAQO. SONS 83 113 85 DE13BQ8X STB EFT- teaey ta Lo. aa Improved Ckleaaw Seal aeSete at Lowes Males. BV1LDIKO LOAXI BLADE. Branch Isrestiaent ani Bankiaf Offlca, IIS steer aeer Pier Sore.

F.G.U9M 4 B'd Trade. Chicago. mnrBEB HswTstaiilCilrH Stock. tiiiain eea was. el Iras.

ma Srersv VERY LOW RATE MONEY OS DEARBORN OH1MS At low rate oa Chicago Real Est. E. Cummlnfjs Co W. Cast Waanlagtea aa Dwrtira sea. raoposALa OmCE CHTEF Q.

at. CHICAGO, TLX. JUNE luc aid prooMala, ta triplicate, will se received at office enttt o'clock a. m-. Jan.

a 1VJS. tor raralshin li.ee Rlr ot Sepenlers of sellable aaalllv; io.uu. pairs gboM cooioratas aa n.artjr as practical. to Amy Standard; ii.l Wool Blankets. Sbaltr Trat Halves; Hoepltal Tenia, with fllea; to WJ Tents, with LiM Comeoo Tenta.

All teats complete with poles and elna. Full Information soar b. obtatne-s oa aDtliceioa to tb nndenicned. K. B.

JONES. Licet. Col. am Caief Vir. L.

A Voia. OFFICE CHIEF QUARTERMASTER. CHICA-SO, 111.. May T. Mealed proposals, la inp- tleaie.

wul be received bare until 11 clock a. Katurd.v. June 7. IK, and then otvened I fur- nlahlns dreras required by tn. Quartermaster's Department In tbi.

city dnrtne tb. Scal jreareon. tneneln Julv Ms. Oorerntnent reeerves the right te rect any or all Informative furnished on apiulcatlon. Knv.iopea eontalntns proposals sboald b.

marked "Prorwaai. for Liray ae." and addressed to F. B. JON ES. Q.

M. OFFICE OF CI TIFF QUARTERMASTER. UL. June ISJi. ead propouU wiU be received at this office until It o'clock sooa.

on sin fcr th. delleery from time to tloe of th. it. required st this dartnc the balanc of this month. Tol.l quantity eatimatej at Farther Information on t.

th. F. IV. JONES. Lieut.

CuL and Chief Quartermaster. V. 8. Vola. OFFICE CHIEF Q.

CniCAOO. JCNH (. Sealed in triplicate, wi.i he received at tlrs office until II c'floct a. Juv 1.. tnr rurni.hlns Mi Cork Helmets.

Army I'st-tera. Fuil Inf rH-rnatum rr.ay be obTtn1 cn cti.vn to th. untimiiai i. u. i Chee nr i.r.

b. Vols. Ilsbcd.

Get access to Newspapers.com

  • The largest online newspaper archive
  • 300+ newspapers from the 1700's - 2000's
  • Millions of additional pages added every month

About The Inter Ocean Archive

Pages Available:
209,258
Years Available:
1872-1914