Decatur Daily Democrat, Volume 5, Number 181, Decatur, Adams County, 27 July 1907 — Page 2

The Daily Democrat. Published Every Evening, Except Sunday, by LEW G. ELLINGHAM. Subscription Rates: Per week, by carrier 10 cents Per year, by carrier 15.00 Per month, b ymail 25 cents Per year, by mall $2.50 Single copies 2 cents Advertising rates made known on application. Entered at the postoffice in Decauir Indiana, as second class mail matter J. H. HELLER, Manager. VISIONS OF THE FUTURE Further progress in the formation of the Business Men’s Produce company has been laid on the shelf until the first of the week, when it will be revived and carried to a successful formation- Interest in this new company is growing at a pace that kills. The merchants who are not dealers in produce are becoming not only enlightened, but interested in a project that offers relief to a stagnation in prices on country produce. They argue that no matter whether the prices paid for produce are high or low, the very existence of a combination or trust, is repugnant to those who have that produce to sell. They further argue that the fact that such a trust is tolerated, is detrimental to trade, and injures their business. They argue well. There is not a merchant or business man in Decatur who is not injured by this market trust Buyers have a right to think that if merchants will pool their buying and selling prices on produce, they will also pool their prices at which every article of merchandise is sold Buyers have a right to think that with every purchase, they are paying the high price of a merchants’ pool. It hurts. It hurts the town, and it hurts the business of every merchant in town. It not only does that, but it builds up every adjoining town and makes them stiffer in competion to Decatur merchants. These arguments are coming home to every merchant, and they are seeing visions of the future as well as the present. They are beginning to appreciate the conditions ten years hence under a system that permits one man to each morning dictate the buying and selling price for butter and eggs that day. There is only one

IS 1« ■«f Tj erhaps it can be sharpened, or it may be worn out and not worth repairing. Some people spend enough money in trying to repair “played out” tools to buy new ones. A. high wheeled high-grade Lawn Mower, similar to cut, at $375, 16 inch cut. See our line of’ High-Grade BaH-Bearing, High Wheel Mowers Schafer Hardware Co.

result to such a system, and the longer it is permitted to exist the more difficult in exterminationDuring the memorable campaign of 1876 Samuel J. Tilden organized and maintained a literary bureau that never had its equal. Every paragraph every article, that came from that bureau was carefully anji excellently written and contained thoughts that undoubtedly impressed themselves strongly upon the public mind. Only the best of writers were permitted, to write for this bureau. Mere space writers were not tolerated there. Mr. Tilden’s own ideas permeated every paragraph sent out for use In papers that espoused the cause of reform. The bureau was under the personal management of William S. Andrews, a close friend and intimate acquaintance of Mr. Tilden. It rendered excellent service during that superbly conducted campaign-—South Bend Times. The government announced one day that it was going to ask for receivers for all trusts against which were brought proceedings. On the day following this announcement suit for the dissolution of the tobacco trust was begun and the appointment of a receiver was asked for. Two days later word came from Washington that the government had concluded that the receivership program would not be carried out. Mr. Roosevelt, it appears, had changed his mind —a thing he has done so often as to defeat every trust-busting effort he has ever proposed. YOUR OPPORTUNITY IS IN MOTT, NORTH DAKOTA It Will Make You Dollars While You Sleep. When Mott is reached by a branch of the Northern Pacific railway and then the C. M. & St. Paul Ry., you will wonder then why you hadn't bought a few lots in Mott, when you could have got them at a low price. The woods are full of old men who “could have bought” lots on Clark street, Chicago, for S2OO each; who “could have bought” the site of the St. Paul Union station for $1,000! The world is full of people who sing the song of "might have been.” But the world takes little heed of them now. Today you can buy lots In Mott, the county seat of Hettinger county, for S2OO up. Don’t join the army of “might have been” or “could have done” cadets. Take your money and your nerve and come out to Mott, and get a lot; get a dozen if you can. It will pay you well. It will also pay you well to look at the country surrounding Mott. 160 acres in Hettinger county, if bought now. will secure yen absolutely against want, which you will appreciate when the fire of youth has passed. And you should do it now. The only way any one ever made dollars was to plant a few where dollars grow. It’s the soil that does it. Wm- H. Brown Co., 131 La Salle St., Chicago, 111., Mandan, Richardton or Mott, North Dakota, or see L. E. Watson, district manager, Decatur, Ind. o HOUSE FOR RENT OR SALE—South Sixth street. Charlie Voglewede.

HARD TO CHOOSE Many Good Bids Filed on New Boilers MEETING MONDAY EVENING it is Likely the Council Will then Choose the Winner—Contract on Tuesday Evening. Since the filing of the bids for the new boilers to be established at the city plant, the members are experiencing considerable trouble in making their selection. During the past two years so many new kinds of boilers have been placed on the market it is indeed a hard matter to choose. Every bid submitted was accompanied and are so highly recommended that by a set of plans and specifications showing just how the boilers were constructed and how. they would be set up at the local plant. One firm has informed the council that should they be lucky enough to secure the contract that they expected to make the boilers in this city, where they could be inspected every day by the committee, and would thus employ a number of men from our city to assist them in the prosecution of the work. The members of the council expect to meet in an informal way Monday evening, make their selection of the kind of boilers they desire, and will then run through the bids and see the prices that are quoted on that particular boiler and will let the contract accordingly on the following evening. o INQUEST IS FILED Rosa M. Lutz Died From Heart Failure ARE READY FOR COURT AGAIN The Court Hoyse a Dull Place These Days—Maggie Miller Ditch Sale. Coroner John C. Grandstaff filed a coroner's inquest, in which he states that he examined the body and heard the testimony of witnesses, all of which bears out his report that Rosa M. Lutz came to her death from heart failure. An affidavit to this effect accompanied the report and was signed by Drs. P. B. Thomas and S. D. Beavers. The deceased was thirty-eight years old. Deputy Clerk Baumgartner has completed all court record from last term and has the dockets all ready for the next term of court, which is scheduled for September 2. Treasurer Lachot is alone in the office, the younger Lachots being absent on their vacation. There is hardly enough business at present to make even one good man dust, so the vacancy is working no great hardship on the genial county treasurer. The sale of Maggie Miller ditch was scheduled to take place today at the surveyor's office. This drain traverses a portion of Blqs Creek township. o MET WITH AN ACCIDENT. County Clerk-Elect Haefling Laid Up for Repairs. James P. Haefling county clerk elect met with an accident yesterday afternoon. while pursuing his regular routine of work for the lumber flrm of Kirsch and Sellemeyer, and this morning was unable to report for duty. He was assisting several of the employees of this concern in loading a wagon with lumber and while so doing stepped off backwards and was hurled to the ground with considerable force the entire shock of the fall resting on his shoulders and back. He was forced to cease work and this morning was so sore and stiff that he was unable to report for duty. Although painful, there is nothing serious in the injuries he received. o AN AUTOMOBILE BARGAIN. FOR SALE —A Wild’s runabout automobile in first class condition. The owner wants to sell it that he may purchase a touring car. Just the thing for light travel. You can buy this machine for $275 and it’s worth twice that Inquire at this office. $1.25 to Toledo and return via Clover Leaf Route evefy Sunday tl WANTED—PupiIs in French or Geiman. For particulars phone 243.

FRIDAY 13th nree months ot the six nad now passed, and with each day I thought I noted an increasing anxiety in Bob. He had opened a special account for Miss Sands on the books of the house in his name as agent, with a credit of $60,M0, and we both watched it with a painful tenseness of scrutiny. It had grown by uneven jerks, until the balance on October 1 was almost $400,000. On some of the trades Bob had consulted me, and on others, two in particular where he closed up after a few days' operations with nearly $200,000 profit, I did not even know what the trading was based on until the stocks had been sold. Then he said: "Jim, that little lady from Virginia can give us a big handicap and play us to a standstill at our own game. She told me to buy all the Burlington and Sugar her account would stand, and did not even ask my opinion. In both cases I thought the operations were more the result of a wakeful night, and an I-must-do-something decision than anything else, and I tackled both with a shiver; but when she told me to sell them out at a time I thought they looked like going higher, and the next day they slumped, I could not help thinking about the destiny that shapes our ends.” On my part I tried to help. On one occasion, without consulting her, I put her account in on a sure thing underwriting, wherein she stood to make a profit of a quarter of a million, but when Bob told her what I had done, she insisted with great dignity that her name be withdrawn. After that neither of us dared help her to any short cuts. Bob was deeply impressed by her principles, and, commenting on them, said: "Jim, if all Wall street had a code s'milar to Beulah Sands’ to hew to in their gambles, ours would be a fairer and more manly game, and many of the multimillionaires would be clerking, while

a lot of the hand-to-mouth traders would come down town in a new auto every day in the week. She does not believe in stock gambling. She has worked it out that every dollar one man makes, another loses; that the one who makes gives nothing tn return for what he gets away with; and that the other fellow's loss make* him and his as miserable as would robbery to the same amount. Yet she realizes that she must get back those millions stolen from her father, and is willing to smother her conscience to attempt it, provided she takes no unfair advantage of the other players. The other day she said to me: ‘I have decided, because of my duty to my father, to put away my prejudice against gambling, but no duty to him or to any one else can justify me in playing with marked cards.’ Jim, there is food for reflection for you and me, don’t you think?” I did not argue with him, for. after that Saturday’s outburst, I had made up my mind to avoid stirring Bob up unnecessarily. Also, I had to admit to myself that the things he had then said had raised some unucomfortable thoughts in me, thoughts that made me glance less confidently now and then at the old sign of Randolph & Randolph and at the big ledger which showed that I, an ordinary citizen of a free country, wks the absolute possessor cf mere money a hundred thousand of my fellow beings together could accumulate in a lifetime, although each had worked harder, longer, more conscientiously, and with perhaps more ability than I. As to how Beulah Sands’ code bad affected my friend, I was ignorant. For the first time in our association I was completely in the dark as to what he was doing stockwise. Up to that Saturday I was the first to whom he would rush for congratulations when he struck it rich over others on the exchange, and he invariably sought me for consolation when the boys “uppercut him hard,” as he would put it. Now he never said a word about hia trading. I saw that his account with the house was inactive, that his balance was about the same as before Miss Sands’ advent, and I came to the conclusion that he was resting on his oars and giving his undivided attention to her account and the execution of his commissions. His handling of the business of the house showed no change. He still was the beet broker on the fleor. However, knowing Bob as I did, I could not get ft out of my mind that his brain was running Hke a mill-race in search of some successful solution of the tremendous problem that must be solved in the next three months. Shortly after the October 1 statements had been sent out, Bob dropped in on Kate and me one night After she had retired and we bad lit our ci rars in the library he said: “Jim, I want some of that old-fash-ioned advice of yours. Sugar is selling at 110, and it is worth It; in fact it is cheap. The stock is well distributed among investors, net much of it floating round the street’ A good big buying; movement, well handled, would jump it to 17$ and keep It there' Am I sound?” I agreed with him. “All right. Now what reason is there for a good, big, stiff uplift? That tariff bill is up at Washington. If it goes tmtugh, sugar will be cheaper at 175 than at 110.” Ag »in I agreed. " ‘Standard Oil’ and the sugar people know trhether it is going through, for taey control the senate and the house and can Induce the president to be good. What do you say to that?”

"O. K.,” I answered. “No question about it. Is there?” “Not the slightest.” "Right again. When 26 Broadway* gives the secret order to the Washington boss and he passes it out to the grafters, there will be a quiet accumulation of the stock, won’t there?” (»“M Broadway” Is the Wall street figure ot speech for “Standard Oil,” .which has Its home there.) “You've got that right. Bob.” “And the man who first knows when Washington begins to take on sugar Is the man who should load up quick and rush it up to a high level. If he does it quickly, the stockholders, who now have it, will get a juicy slice of the ripening melon, a slice that otherwise would go to those greedy hypocrites at Washington, who are always publicly proclaiming that they are there to serve their fellow countrymen, but who never tire of expressing themselves to their brokers as not being in politics for their health.” “So far, good reasoning,” I commented. “Jim, the man who first knows when the senataors and congressmen and members of the cabinet begin to buy sugar, is the man who can kill four birds with one stone: Win back a part of Judge Sands’ stolen fortune; increase his own little pile against the first of January, when, if the little Virginian lady is short a few hundred thousand of the necessary amount, he could, if he found away to induce her to accept it, supply the deficiency; fatten up a good friend’s bank account a million or so, and do a right good turn for the stockholders who are about to be, for the hundredth time, bled out of profit rightfully theirs,” Bob was afire with enthusiasm, the first I had seen him show for three months. Seeing that I had followed him without objection so far, he continued. “Well, Jim, I know the Washington buying his begun. All I know I have dug out for myself and am free to use it any way I choose. I have gone over the deal with Beulah Sands, and we have decided to plunge She has a balance of about $400,000, and I am going to spread It thin. lam going to buy her 20,000 shares and take on 10,000 for myself. If you went in for 20,000 more, it would give me a wide sea

ii ■ ' ' ■» ~~ I Z /A xn'llv* 1 — I Wr ’ll' /lit* H ROZ P 11 F L ' f 7 I. 1 f" I of “I Have Gone Over the Deal with Beulah Sands, and We Are Going to Plunge.”

to sail in. I know you never speculate, Jim, for the house, but 1 thought you might in this case go in personally.” “Don’t say anything more, Bob,” I replied. “This time the rule goes by the board. But I will do better; I’ll put up a million and you can go as high as 70,000 for me. That will give you a buying power of 100,000, and I want you to use my last 50,000 shares as a lifter.” I had never speculated in a share of stock since I entered the firm ot Randolph & Randolph, and on general, special, and every other principle was opposed to stock gambling, but I saw how Bob had worked it out, and that to make the deal sure it was necessary .for him to have a good reserve buying power to fall back on it, after he got started, the “System” masters, whose game he was butting in to and whose plans he might upset should try to shake down the price to drive him out of their preserves. Bob knew how I looked at his proposed deal and ordinarily would not have allowed me to havo the «*hort and of it, but so changed had he become in his anxiety to make that money for the Virginians that he grabbed at my acceptance. “Thank you, Jim,” he said, fervently, and he continued: “Os course, I see what's going through your head, but I’ll accept the favor, for the deal is bound to be successful. I know your reason for coming in* is just to help out, and that you won't feel badly because your last 50,000 shares will be used more as a guarantee for the teal's success than for profit. And «4av Sands could not object to the

part you play, as she did at the underwriting, for you will get a big profit BD NZxt y day sugar was lively on the exchange- Bob bought al! in sight and bandied the buying in a masterly way When the closing gong struck, I Beula Sands had 20.000 shares which aer aged her 115; Bob and I had 30,001 at an average of 125, and the stock had closed 132 bid and in big Remand Miss Sands’ 20,000 showed $340,000 profit, while our 30,000 showeds2 0000 at the closing price. All the houses with Washington wires were wildly scrambling for sugar as soon as it began to jump. And it certainly looked as though the shares were good for the figures set for them by Bob $175 at which price the Sands profits would be $1,200,000. Bob was beside himself with joy. He dined with Kate and me, and as I watched him my heart almost stopped beating at the thought—“if anything should happea to upset his plans!" His happiness was pathetic to witness. He was like a child. He threw away all the reserve of the past three months and laughed and was grave by turns. After dinner, as we sat la the library over our coffee, he leaned over to my wife and said: , “Katherine Randolph, you and Jim don’t know what misery I have been lin for three months, and now will tomorrow never come, so I may get into the whirl and clean up this deal and send that girl back to her father with the money! I wanted her to telegraph the judge that things looked like she would win out and bring back the relief, but she would not hear of it. She is a marvelous woman. She has not turned a hair to-day. I don t tlink her pulse is up an eighth tonight. She has not sent home a word of encouragement since she has been here, more than to tell her father she iis doing well with her stories. It seems they both agreed the only way to work the thing out was whole hog or none,’ and that she was to say nothing until she could herself bring ■ the word ’saved’ or ’lost.’ I don’t know : but she is right. She says if she should raise her father’s hopes, and , then be compelled to dash them, the effect would be fatal.” Bob rushed the talk along, flitting from one point to aaother, but invarla-

bly returning to Beulah Sands and tomorrow and its saving profits. Finally, he got to a pitch where it seemed as though he must take off the lid, and before Kate or I realized what was coming he placed himself in front of us and said. “Jim, Kate, I cannot go into to-mor-row without telling you something that neither of you suspect. I must tell some one. now that everything is coming out right and that Beuiah is to be saved; and whom can I tell but you, who have been everything to me? —I love Beulah Sands, surely, deeply, with every bit of me. I worship her, I tell you, and to-morrow, to-morrow if this deal comes out as it must come, and I can put $1,500,000 into her hands and sond her home to her father, then, then, I will tell her I love her, and Jim, Kate, if she’ll marry me, good-by, good-by to this hell of dollarhunting, good-by to such misery as I have been in for three months, and home, a Virginia home, for Beulah and me. He sank into a chair and tears rolled down his cheeks. Poor, poor boo, strong as a lion in adversity, hysterical as a woman with victory in sight. The next day sugar opened with a wild roeh: “25,000 shares from 140 to 152.” That Is the way it came on the tape, which meant that the crowd around the sugar-pole was a mob and that the transactions were so heavy, quick and tangled that no one could tell to a certainty just what the first or opening price was; but after the first lull, after the gong, there were officially reported transactions aggro gating 25,000 shares and at prices va-

.ying from 140 to 152 I , the floor to see the was noised about long t , t ’ t »® ; o’clock that sugar would ® ’ and then, too. I wanted to J? ® Bob should need any q uick . A minute before the B I there were 300 men j w ‘*® the sugar-pole; men with . t ® mined faces; men with th*' 4 *® buttoned tight and shoulders’''® back for the rush to which i?® parison, that of a football’ ’® child’s play. Every man eJe ® crowd was a picked man. pi L® what was coming. Eafh upon his Individual powers clear head, to shout loudest tou® nothing, te keep his antl * : ®| as near the center of the crowd 1® sible. depended his “fl eor h "® haps his fortune, or, what »»,’ to him, his client’s fortune \*® every man of them was a graduate who had won his oT® athletics or a seasoned floor',® whose training had been even »® , severe than that of the college -I® us. When It was known befsn® opening of the exchange that tbe te 3 to be "things doing’’ in a 1 stock, it is the rule to send onh® j picked floor men into the Cl ® ' There may be a fortune to 1 lose in a minute or a sliver of a ® ute. For instance, the man vhofl morning was able to snatch the® 5,900 shares sold at 140 could 19 , resold them a few minutes at 152 and secured $60,000 profit J the man who was sent into the tn® by his client to sell 5,000 shares t® , “opening” and who got but 140, a® the price would be 152 by the tin® reported to his customer, was a to be pitied. Again, the trader® the night before had decided ® sugar had gone up too fast, and <® had "shorted" (that is. sold what® did not have, with the intention o® purchasing at a lower price that® sold it for) 5,000 shares at 1« ® who. finding himself in that mob with sugar selling at 152 r® I only get out by taking a loss of® ’ 000, or by taking another chance® later paying 162—such a trader® also to be pitied. No one who scanned the crowd ® morning would have believed that® calm, set face on that erect h® figure, occupying the very cents® that horde of gamblers who were ® awaiting the ringing clang of the ® to hurl themselves like madmen il each other, was the hysterical teal who the night before was wildly ptJ ing for this moment. Nearly etJ man in that crowd was calm, but Brownley was the calmest of them a® It’s the exchange code that at any: J , of heart or nerve-tear a man must ® tain good form until the gong strikal Then, that he must be as near the nl caged tiger as human mind and can be made. Only 1 realized »k'| volcano raged inside my chum’s boscil If any other man of the crowd tel known, Bob’s chances of success woiil have been on par with a Cani&l canoeist short-cutting Niagara for Bufalo. Nine-tenths of the stock achange game is not letting your left brain lobe know what race your right is in until the winning numbers ui the also-rans are on the board. Host of those 300 chain-lightning thinkers or any of their 10,000 alert associius knew in advance the intentions ot i fellow broker, the word would s»«t through that crowd with the surest* of uncorked ether, and the other IS. at gong strike, would be at each o’J ers’ throats for his vitals, and befott he knew the game had started wd have his bones picked to a vulture finish cleanness. (To be continued next Saturday !

Dont’ fail to see the bargains in it trimmed hats at Burdg s milling store. WANTED—A girl to do genera! ho» work. Inquire of Mrs. H. 0. Bow man, on north Third street. WANTED—A girl. Wanted at P« Hotel. Inquire at once. H** FOR SALE—Two hundred feet of M fence. Inquire at this office FOR SALE—A creamery; good 1«* tion. Inquire at this office FOR SALE—Six Scotch Collie 1* Call phone No. 1A line or add®R. F. D. 1, box 70. 175< • ■ ' ANNUAL MEETING OF STOCK HOLDERS. Notice Is hereby given that the «• nual meeting of the stockholders - the Old Adams County bank, will held at their banking house, Deca® Indiana, at 10 o'clock a. m.. on To* day, August 6th. 1907, for the P of electing seven directors to se for the ensuing year, and to t/ans such other business as may come■ fore them. E. X. EHING 169-19 t TO Bf GIVEN AW • Monday, Sep- 2 A $45 Singer Sewing Machine At the PICTORIUM A change of program every Wednesday and Friday. ne . All shows now being put on a and have never been shown an. before. the Tonight and Saturday Brink” and “Distress.” J. B. STONE BURN ER. prop