Daily Tribune, Terre Haute, Vigo County, 20 November 1915 — Page 4
4
The Terr© Haute Tribune
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INVESTMENT LAWS.
How to curb speculation and stock
watering in railroad securities In one of the problems which congress will be asked to consider this winter a problem ranking in importance, it Is the belief of many, with national defense and conservation. It is a question which has long been before the
1 ublic. Recent investigations into the realm of railroad high finance have demonstrated that unless this abuse is checked absolutely, the public will be forced to pay unnecessarily high freight and passenger rates, and that the railroad workers of the country will not receive the rates of pay which
they should. In the opinion of impartial economists the federal regulation of the issuance of railroad securities will be no erference with the rights of capital, thout public regulation, neither the estor in railroad stocks and bonds, consumer, or the wage earner will ure their share of prosperity, is generally acknowledged here our railroads are overcapitalized when their actual investment is compared with their security issues. The tendency has been for the corporation promoters, in both the Industrial and the transportation field, to capitalize not only actual but potential earning power. Through methods of selling securities, and affiliations with banking houses, unnecessary additions to capital have been made by bonuses to stockholders, by declaring stock dividends and by the payment of excessive underwriting commissions. The result lias been that the Increases in earnings, which, after the payment of a proper reward to capital, should be available as a ground for the consumer receiving lower prices, or the wageearner and salaried employe securing Wgher rates of compensation, are absorbed by the necessity of making interest or dividend payments on fictitious security issues.
The syndicates which float industrial and transportation securities dispose of them to investment bankers, who. In turn, sell them to individual investors or to savings banks, life insurance companies, or the custodians of other trust funds. With the tendency to capnot only real but prospective power, any unforeseen change ssion in business or industrial ns, as that through which we ecently passed, tends more to prevent the payment of
Is or interest charges than the case if the securities rep1 an actual Investment or a atlve capitalization of earning
^TY-SEVEN VARIETIES.
news has one effect—it ia ig general intelligence about :he rulers of the Balkans cam® Roumania, Bulgaria and Greece transplanted royalty. There is umanian, Bulgarian or Greek the kings of Chose countries, nd of Roumania and Ferdinand aria are Germans Constantino s?e is rated as a Dane, though
hisSlvither was a Russian. The Bulgarian king is the only Balkan monarch of the first dynastic generation. The Roumanian Ferdinand and the
-r v:'y
Greek Constantlne belong to the second generation, though the king of Roumania Is not a lineal successor of the first monarch.
It may, perhaps, be merely a coincidence that the two Balkan states with indigenous rulers are the only ones now fighting for Balkan and Slavic Independence. It may also be only a coincidence that Nicholas of Montenegro and Peter of Serbia are proving themselves kings In the best sense of the word. They are, like Albert of Belgium, fighting with their men and enduring all the hardships of war. Ferdinand of Coburg, king of Bulgaria, is fighting for the Germans. Constantlne of Greece, dominated by his German wife, Is preventing his nation from /ulfilllng her obligations to Serbia and Is maintaining a difficult neutrality against the will of a majority of his subjects. Ferdinand of Roumania, who Is sprung from a younger branch of the Hohenzollern house, is not heard from, but it Is certain that he is not epcercislng any warlike influence in behalf of Germany's enemies.
The inference Is plain that the transplanted Teutonic kings In the Balkans are considering the lands of their origin fully as much as the lands which have called them. And before the war is over one or more of them may be lacking a throne.
A PARTY GIANT.
Theodore Burton, Charles W. Fairbanks and Elihu Root, potential republican nominees, must envy Charles E. Hughes and the psychological relation ho bears to the members of his party through the country. It seems to be conceded that Mr. Hughes could have the nomination by wiggling his finger.
The record is not at hand to show how many times or with what convincing combination of words Justice Hughes has declined to have his name used In this connection. That his declinations hawe been rather frequent and in language which permitted no quibbling interpretation, however, no one questions—no one, that is, except a group of Nebraskans.
This group has petitioned the justice's name on to the presidential primary ballot. Whereat with his usual promptness Mr. Hughes again declines. He wires Nebraska to haul down the Hughes banner.
Were the New York Justice to permit the use of his name, it is unquestioned that he would have a following within a short time that might give other aspirants for the nomination cause for worry. But the justice has his own opinion about the propriety of mixing the supreme court in partisan politics —which opinion coincides with that of most of us—and continues to say No.
THE LAST OF THE PANICS?
When the federal reserve bank was under discussion some of its proponents promised that It would end panics. That was a large promise, but observance of the workings of the law after a year certainly increase that hope in Its powers. The first anniversary of the law was today, November 20.
The year has been one of stress, financial as well as Industrial and political. It is, therefore, difficult to appraise the federal reserve system with the accuracy that might otherwise be possible. Experts agree, howetver, that the new system has been of very great service in keeping financial America on an even keel.
Conditions contemporaneous with the opening of the new system are readily recalled. The New York stock' exchange was closed. Foreign exchange was heavily against New York. No man could see into the future. Postponement of the opening of the new bank was urged on the ground that the situation was so unsettled that the uncertainties of the regional plan might bring disaster.
The complete reversal of these conditions of a year ago is now a matter of common knowledge. Too much credit, of course, should not be given the new banking system, for much of the improvement was Inherent in the situation created by the war and America's immunity therefrom. Yet the existence of this sound, scientific banking system doubtless had its effect both
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in stabilizing conditions at home and in creating foreign confidence, in the soundness of American conditions.
Few major pieces of legislation hjtfve more thoroughly justified their existence in one year.
"Be a marine and see the world," say the recruiting posters. But suppose they'd put one on a submarine, where one seldom gets to look at the scenery
When Brooklyn goes ahead of Manhattan in population—which it will within a year or two—It will be a great blow to the old Jokesmlths of old New York.
There will not be as much suffering in Belgium this winter as there might be. King Albert announces that there will be no meeting of the Belgian parliament.
They are going to put a new coat of gold leaf on the statue of Liberty in New York harbor. She's looking more desirable efvery day.
The general business of the country should be able to establish a sort of segregated district for the gamblers in war stocks.
Austrian aeroplanes have shelled Verona again, and again the bogus tomb of Juliet has escaped.
They are making olive oil out of sunflower seeds in Germany, cottonseed being contraband.
That royal adventurer, King Peter, evidently has the wanderlust again.
HOROSCOPE.
•The Stars InclSae, But Do Not Compel.'' I (Copyright, 1S16, by .'ha McCIure
Newspaper Syndicate.)
Sunday, November 21, 1915.
Good and ill contend today in the sway of the stars. Astrologers read that Venus is in a place strongly beneflo, while the sun is adverse.
It
1B
a time rather auspicious for
women and their affairs, especially whatever has to do with romance. Engagements made while this configuration prevails should be fortunate.
There is a sign said to no lucky for the wearing of new clothing and the presentation of gifts.
Social enterprises of every sort should benefit from this rule of the planets. Dinners where matters oA importance are discussed should be lucky.
Persons whose blrthdate it is probably will have a successful year in business. They should avoid travel and may have anxiety concerning younger members of the family.
Children born on this day may be exceedingly aggressive in temperament and inclined to take big risks in all things. Boys are not naturally lucky in business.
TEN YEARS AGO TODAY.
November 20, 1905.
The county council voted $1,300 to purchase new fixtures for the county treasurer's office.
N. D. Fisher was appointed chief clerk to Superintendent Lewis of the Southern Indiana railroad.
The local council of the Knights of Columbus celebrated the fifth anniversary of its organization.
The Hudnut Milling company inaugurated a contest among the farmers of the state, offering a cash prize for the best corn.
INSURANCE CASE ENDS.
Plaintiff Rendered Judgment for Face Value of Note. Ey Special Correspondent.
GREENCASTLE, Tnd„ Nov. 1ft.—A jury deliberated twenty-two hours before reaching a verdict in the case of J. K. Rodeman, of Indianapolis, versus Aldis Hutchins, a professor of DePauw university, over the collection of a note for $53.17. They finally gave the plaintiff judgment for that sum, which was the premium on a life insurance policy given the defendant, in 1907. The plaintiff paid the premium and then the defendant failed to repay the plaintiff, giving his note. The plaintiff attempted to collect the Interest on the note since 1907, but the jury only allowed him the face value of the note.
ENTERTAINS AT EUCHRE.
By Special Correspondent. CLAY CITY, Ind., Nov. 20.—Mrs. Charles Hurst entertained at euchre Thursday evening, in honor of her guest, Miss Hazel Gillette, of Rockport. Ind. Mrs. Charles Shultz, of Brazil, and Miss Gillette won the prizes, cut. glass nappies. A two-course luncheon was served. The guests were Mesdames G. Cleve Gardner. C. E. Baker, George Crabtree, Carl Smith, Ray English, Ray Smith, Guy Rucker and Miss Flo Alley. The out-of-town guests were Mesdames Charles Shultz, Fred Boyer, Charles Peters and R. A. Lawson of Brazil, and Miss Gillette of Rockport.
Crazy Quilt Shower.
By Special Correspondent. CLAY CITY. Ind., Nov. 20.—'The Industrial society of the First Methodist church gave the ladies' aid society of the New Brethren church a crazy quilt shower, Thursday evening, at the home of Mrs. M. S. Burger. Thirty-one blocks were presented to the society. Refreshments were served. Those present were Mesdames John Burnham, John Gardner, A. J. Fulkerson, Clementine Alley, James Cromwell, J. H. Bence, Wilk Nash, Charles Fesler, Wm. Nance, Frank Nic.key, Wm. McKinney, John Warner. Wm. Schauwccker, Ella Markley, Silas Travis, Sain Fisher and Albert Megenhart
TERRE HAUTE TRIBUNE.
REV. JONES ADDRESSES
Large Crowd Greets Terre Haute Pastor At Christian Church Anniversary Service.
By Special Correspondent. CHARLESTON, 111., Nov. 20.—Great interest is being taken in the seventyfifth anniversary services which are being held in the First Christian church in observance of the founding of the Christian church in this city in 1840. A program, covering every night for three weeks, began November 14, and will end December 7. Last Tuesday evening Rev. John McD Home, the local pastor, promised the congregation a surprise. He produced records with the sermons of Rev. F. W. Burnham, a former pastor, now secretary of the National Christian Missionary society, with offices in Cincinnati, and Rev. George H. Brown, who left the local pastorate for Tonawanda, N. Y. The records were placed on a talking machine and the voices were easily distinguished.
Services Well Attended.
Wednesday night Rev. Newell Dwight Hillls, the noted Brooklyn, N. Y., preacher, preached a sermon to a crowded house, and Thursday night Rev. Stephen E. Fisher, pastor of the University Christian church, of Champaign, gave an address, "The Story of the Church." Friday night, despite the inclement weather, Rev. J. Boyd Jones, pastor of the Central Christian church, of Terre Haute, was greeted by a crowded house. Mr. Jones spoke on "Come to the Kingdom for a Time Like This."
Judge T. N. Cofer, of Charleston, delivered an original composition, "Anniversary Poem." His work was clever and much praise was extended to the jurist for his poem.
FARMERS TO HOLD MEETING.
Interesting Program Arranged for Institute Dec. 8-10. By Special Correspondent.
CHARLESTON, 111., Nov. 20.—The 8nnual Coles county farmers institute will be held in Charleston Wednesday, Thursday and Friday, December 8, 9 and 10. Men of state and national prominence will discuss every phase of agriculture, farm life and kindred subjects of vital interest to the farmers. The following lectures and speakers will be present: J. D. Seass, of Arthur, siloes, beef feeding, etc. HonH. C. Kissinger, Chicago, general topics of interest t* farmers F. R, Mlorgorridge, Springfleld state fire marshal's office, "Fire Prevention Prof. J. W. Folsom, "Insects Prof. W. L. Burison, "Crops Miss Mamie Bunch, "household Science Prof. A. F. Gustavascm, "Soils."
Cemetery to Be Transferred. By Special Correspondent. CHARLESTON, 111., Nov. 20.—The Mound Cemetery association of Charleston will be given absolute control of the Mound cemetery property by the city council under certain conditions. An ordinance has been prepared, authorizing the legal transfer of the property to the association if the members are able to raise a $15,000 endowment fund, to be used for the perpetual maintenance of the grounds and burial lots and to pay the sum of $500 to a company which recently sold the city a number of burial lots.
Entertains at Dinner.
By Special Correspondent. CHARLESTON, 111., Nov. 20.—Mr. and Mrs. A. J. Craig entertained a few relatives and friends with a 12 o'clock dinner Friday at their home, 850 Sixth street. The guests were Mr. Craig's sisters, Mrs. Harmon Gregg, of Tuscola Mrs. Catherine McMullen. Mrs. Harriet Mitchell and Mrs. Ellen Swango. and Mrs. J. W. Frazier, Mrs. Lizzie Winkleblack. Miss Flora Winkleblack, Mr. and Mrs. Jacob Nickles and Mrs. Pratt Foreman.
Aged Woman Injured.
By Special Correspondent. CHARLESTON, 111., Nov. 20.—Mrs. Deliah Sangston, aged 70 years, formerly of Charleston, but now of Laporte, Texas, was seriously injured in that city this week when she fell from a porch and fractured her right collar bone. She is the mother of Mrs. W. A. Miller, of Terre Haute, and L. R. Sangston, of this city.
Merchant Weds Clerk.
By Special Correspondent. CHARLESTON, 111., Nov. 20.—Robert C. Hill, a young merchant of Charleston, and Miss Lillian Turner, who has been a member of his clerical force for several years, were married at the parsonage of the First Methodist church yesterday by Rev. A. L. Caseley.
Hurt in Jump From Window. By Special Correspondent. CHARLESTON, 111., Nov. 20.—Emery Best, 27 years old, son of Mr. and Mrs. William Best, was severely injured Friday afternoon by jumping from the second story window at the Lincoln, ill., state school for the feeble-mindod. He sustained a fractured leg and collar bone and was bruised about his body.
Cashier Becomes Bride.
By Special Correspondent. CHARLESTON, 111., Nov. 20.—M Mae Horton, cashier for the Charl* ton offices of the Central Illinois I'll lie Service company, and Russell Daniels, of Glrnrd, III., were marr here late Thursday night by Rev. Jo McD Home.
MADIGAN IS RELEASED.
James Madigan. son of Justice J. Madigan, was found not guilty of charge of discharging firearms witl the city limits by Special Judge Jo.. W. Gerdink in City Court Friday a ernoon. Madigan was arrested ne Third street and Wabash avenue, aft Patrolman Casey heard a shot tlr and later saw Madigan running towa an alley.
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JASONVILLE LODGE MEETS.
Eastern Star Orders Confers Degree On Mrs. Carrie Wilson. By Speclul Correspondent.
JASONVILLE, Ind., Nov. 20.—Ja•sonville chapter No. 293, O. E. S., met Wednesday night and conferred a degree on Mrs. Carrie Wilson, of Bast Main street. There were forty members present. The visiting members were Miss Flora McDowell of E5dwardsport chapter, Mrs. Shanklin ot Hymera chapter, and Mrs. J. S. Williams and Mrs. George Fipps of Clay City chapter. Refreshments were served.
Linton Order Visits.
By Special Correspondent. JASON VILLE, Ind., Nov. 20.—The Pythian Sisters, No. 400, entertained the Linton lodge Wednesday night. The degre© work was conferred by the home lodge. Refreshments were served. The lodge has been organized three months and has twenty-flve members.
Entertains at Luncheon.
By Special Correspondent. JASONVILLE, Ind., Nov. 20.—Miss Will Daugherty entertained with a 1 o'clock luncheon Wednesday. Those present were Mesdames James Persons, Earl Feregerson, Garrett Schloot and Grover Rader of Indianapolis.
Dinner for Guests.
By Special Correspondent. JASONVILLE, Ind., Nov. 20—Mrs. George Stultz gave a 6 o'clock dinner Thursday in honor of Mrs. John Stultz and daughter, Miss Nina, Mrs. Mary Callahan and Mr. and Mrs. Ore Ax and two sins.
NEW WEATHER OBSERVER.
Fred Baker Appointed to Gevernment Position At Rockville. By Special Correspondent.
ROCKVILLE, Ind., Nov. 20.—Fred Baker, compositor at the Republican office, has been appointed government weather observer at Rockville, to succeed Albert Lee, resigned. Baker has been a local authority on the weather for several years.
Christian Science Talk.
By
Special Correspondent. ROCKVILLE, Ind., Nov. 19.—William R. Rathbon, C. S. B„ of Boston, Mass., lectured on christian science at the Rockville opera house last night. The audience was small, owing to the inclement weather.
Lecture Course Planned.
By Special Correspondent. ROCKVILLE, Ind., Nov. 19.—The Bloomingdale academy will hold a lecture course this year, of four numbers, all of which will be given in Overman hall, the assembly hall of the institution. The first number will be given by the Strollers' male quartet next Wednesday evening.
ANNIVERSARY OBSERVED.
By Special Correspondent. STAUNTON, Ind., Nov. 20.—The relatives and friends of Chauncey Lauderback gave him a surprise at his beautiful country home south of here to remind him of his thirty-seventh birthday. A musical program was rendered, after which an oyster supper was served. The guests were Mr. and Mrs. Alfred Vanness, Mr. and Mrs. Joe Shumaker, Mr. and Mrs. Ed McKlnzie, Mr. and Mrs. Orval Modesitt, Mr. and Mrs. Cliff Vanness, Mr. and Mrs. Chauncey Lauderback, Mr. and Mrs. Joe Moore, Mr. and Mrs. Frank Clingerman, Mr. and Mrs. Henry Lauderback, Mrs. Anthony Roberts, Mrs. Rena Vanness, Mrs. Will Money, Mrf Emma Schofleld. Misses Myrtle Kuykendall. Ethel Vanness, Marie Hardin, Dessa Latham, Alice Englehart, Merle Moore, Letha Felling, Mere Leonard, Josie Robinson, Naomi Shumaker, Lavesta Money. Eugenia Bullard, Mildred McKenzie, Julia Money, Fairy and Bernice Clingerman, and Messrs. Marshall Harris, Will Kuykendall, Lewis Englehart, Ernest Shumaker, Freeman Hyde, Ray Taylor, Harry Moore, Fred Roberts, Wlllard Harrold, Marion Money, Ray Shumaker, Gilbert McKenzie, Donald Lauderback, Harrison Clingerman and Paul
F^'^ene Scofield.
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They walked along in .silence for a few steps, then Max added: "I want to ask a few questions." "What are they?" "The main one is, when shall It be?" "That's a hard one to answer. You know you have not yet talked to Dad about it." "No. And T'm afraid he'll think I'm a bit hasty, If I do real soon." "I'll 'fess up to mother and she'll tell dad. and I'll find out how he takes it. You' know a mother can be touched with "sympathy more easily than a father." "And if they should agree, would you be willing to marry this fall—say in October?"
SATURDAY, NOVEMBER 20, 1915.
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THE MAKING OF A REBEL
A Story of Life in the South by JAMES MAXSON SECREST
CHAPTER XVII—Continued. They found the tables filled with nice, large watermelons. It was, indeed, a rare treat, as the watermelon seasDn was exceptionally late and they had only had the one other opportunity of the past week at Mr. Wilson's to taste them. "Dese am from my own patch, too," proudly boasted Uncle Ned. "Yo' see," he continued, "Marse Watson alius lets us niggers hab uh patch to ourse'f, so us kin hab all de melons us wants."
After they had finished eating the melons, Uncle Ned and mammy were thanked by all, and Ray and Amy led the way down the terraces to the river, the others following.
It was the first time Helen and Max had been to themselves since the night before. Each had done a lot of thinking. "What's the matter? Are you sad tonight?" asked Max. "Frankly, I am," answered Helen. "I hate to think of leaving in the morning. Our stay has been
SD
filled wltn excite
ment that it Is time to leave before I've fully realized I'm here." "Have you thought over our talk of last night?" "Have I!" exclaimed Helen. "You don't know a womans way, or you would not ask." "Well, the women haven't got any monopoly en that right." "Then you have been thinking, too?" "Continually. Last night as I lay awake, I felt real silly. 'Here am I,' I said to myself, 'a great, big fop of a man losing sleeip, because a girl has told me she loves me.' Try as I could, somebody's blue eyos and somebody's bewitching smile held me transfixed between the earth I've been accustomed to and the little heaven—all my 3wn— that somebody has made for me." "You mustn't say such nice things. I am sure I can't live up to the thought you have In mind. Love is a funny thing marriage is still more peculiar— that Is, that's my conception of it. If one is too expectant, counting Dn nothing but perfect bllssfulness, he Is surely to be disappointed, don't you think?" "I'm glad to hear you say that. It further illustrates you are a very sensible girl. I am firmly of the opinion that happiness in married life hinges on two qualities—love and common sense—and one without the other makes marriage a complete failure. Many lives have been wrecked by entering into the sea of matrimony, with nothing but flippant love to keep them off the rocks of adversity. The same is true of those who make of sacred wedlock a sort of business compact.
"Yes." "The reason I am asking so particularly is that I have some plans in view." "May I ask what they are?" "No one has a better right to know. Of course, there is nothing definite, and I cannot decide on anything until I consult my father, but I have had in. mind making our home in Selma." "Oh! wouldn't that be gratta? Not' that I'm unwilling to go anywhere your work may take you, but it is a hardship for a girl to have to go so far away from her people. With a man. it's different, as they are on the go agreat deal of the time anyway." "I think there is an excellent opening in Selma for a wholesale grocery. As you perhaps know, there is not now any exclusive wholesale house in the city."
The more Heien thought of this plan, the more enthusiastic she became. The one thought that had marred her perfect happiness had been the idea of leaving her home and her people to
go
among strange people and totally different surroundings. "Oh, Max, do you suppose youp father will consent?" Helen asked with muoh feeling. "I am reasonably sure he will. That was part of my mission south anyway. Father has all the. confidence in the world in the future of the south. He loves its people and its climate, and I believe he'd be the Jast person on earth to object to my wish in this matter."
They had now reached the house, and just as they were about to Join the others, Helen whispered to Max: "I am the happiest girl in Dixie," her flushed face and sparkling eyes bearing out her statement.
The words meant much to Max. He went to his room, as did the others after a few minutes spent on the porch.
(To Be Continued).
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