The evening world. Newspaper, June 15, 1903, Page 8

“MONDAY EVENING, JUNE 18, 1903, “MR Se acate COMMUTER IS AGAIN LATE TO THE OFEICE LEFT MY COMMUTATION TICKET HOME AND HAVEN'T GOT ACENT | tablished by the Press Pubitsning Company, No. 83 to @ Park Row, New York. Entered at the Post-Ofice 1 WOULDN'T miss ‘at New York as Second-Class Mali Matter, “VOLUME 43 NO. 18,273, TRUST TERMS AND PHRASES. Every trade or industry makes its contribution of | « words and phrases of special meaning to our common | speech. The particular lingo or jargon that has origi-| nated in trust formations and mergers is so largely| ‘ drawn on by Mr. Lewis Nixon for use {n explaining the} crisis in the affairs of the United States Shipbuilding be Company, otherwise the Shipbuilding Trust, that it be-| 2 comes well worth study. | The terms of special interest in Mr. Nixon's statement| are the following, not all new: | ‘Vendors, underwriters, going companies, contract profits, assct values, reduction of fixed charges, economies of operation, decrease of energy of management, work- ‘Ing capital, check in production.! In this list of phrases as in progressive panoramic -word pictures the wholo story of the or!gin, expansion and | collapse of a trust is most vividly illustrated. The ‘‘ven- dor” ‘his “plant” to the new company at an exag- gerated’ valuation. The “underwriter” agrees—for a large cagh-consideration—to float the new trust by plac- ing blocks of its botids and, stocks with investors. The “asset values” represent the estimated worth of the trust's properties—always an inflated valuation. The “going companies" are those which are making @ profit. After the combination is formed there ensue the “economies of operation” and the ‘check in production,” which include the reduction of office expenses by the discharge of clerks, assistant managers and other em- ployees whose services are made unnecessary by the amalgamation; the working of some plants on half time and the closing or dismantling of others, and the re- striction of the output so that the supply may not ex- ceed the market demand. “Contract profits’ are the profits which the trust ex- pects to get out of work contracted for, but which in the case of the Shipbuilding Trust, by Mr. Nixon's con- fesrion, “were changed to losses.” “Working capital” is the actual cash on hand to carry on the business, an amount ridiculously small by comparison with the larger paper values of the company. The Shipbuilding Trust, THAT TRAIN THIS TOLD ABOUT NEW YORKERS. ——— OSEPH RAMSEY, JR., President of the Wabash Rathway, !s an ex- ception to the rule that a rolling stone gathers no moss. He has re- signed seventeen positions, exclusive of | ? subsidiary directorships, committee memberships, &c., and each time has stopped into a higher place. He has been employed on ratiroads from the Atlantic to the Rockies, began as a chatn-man in a aurveying corps, and 1s now the head of several of the biggest conporations fin in New York. eee Arohitects who have seen the full set of plans of Frederick Law Olmstead and of the Boston architects for beaut!- fying and extending West Point say that they are the most beautifully fin- ished set of plans ever prepared in this A cuRE FOR THe VIASHIING HABIT SoaK 17 000 AN’ Zul FAN HIM WITH ME 3TICK! DION’ THINK ZT MARRIED-HIC~ A PRIZEFIGHTER! Face- SLAPPING S DONT acways CURE "LATE" HUSBANDS BOTHGATES’S VIEWS CONCERNING “WOMEN, - The Fair Sex as Seen-On the “I? and From the ‘‘I,”’ by the Philosophic Guard. AY, friend, J'evor hear about the swell society "baneb! that goes down on the east side to study hi i nature and eat chop-suey—slumming—that's whi they call 1t? Well, if they ride up and down this here old t line they'll see as much human nature as !s good for them.”) Bothgates was in a cynical humor, His calls of statioh! wero worse than usual, Twenty-third street as he deliv {t to the passengers on’ the “L" could not be lee | from Forty-second street. i “Me? I don't rubber, but how's a man to shut his eyes to something that's before him ten trips a day? I see her come on the car dressed like a figure in a Sixth avenue stor window, and I wonder low she gets into tho clothes that\ fits her like she just growed in them. Her flossy halr is al -) fluffed up and did up queer but solid under one of thom |) moon-reaching hats, and she ewlshes along, walking on ter | toes ijke she's a car full. And I see her early in the morning | hanging the quilts out the flat window to air. She's got a old; dirty wrapper on and her hair {s in seventeen pigtails, and, 46 MY WIENER ecnmirzer 1M I witt MAKE ore, FOR You A SLAP OW THE FACE! NOTHIN’ DOIN! WE'RE ON STRIKE for example, expected its “working capital” to be $5,000,-|country. If the plans excite admiration, 000; actually, according to Mr. Nixon, this was $1,500,000, | certainly ,the work resulting will make not much for a concern ‘‘capltalized” at $71,000,000. The| West Font a show place of wonderful applicants for a receiver allege that the company’s earn- aro. 4 ings for eight months on its vast capital were only! Mme. Charlotte Maconda, raputed to $500,000, ‘be the highest pafd concert singer in The trust belng launched there follows almost inev-|*nercs., 18 irs. William Wolters in {tably from the “removal of local and personal responsi-|met her husband ‘while singing in bility” what Mr. Nixon calls the “decrense of energy of|Uhrig's Cave, a St. Louis summer gar- management.” It is a happy phrase, which fitly charac- be pence ytiegem ieenen ye now i ferizes the laxity and carelessness which begin the dry then ‘billed es. Carlotta, oak Abit bahar , Tot’ from which trusts disintegrate, This almost as|jeft comic opera for concert she re- miuch as their topheaviness conduces to their dissolution. | sumed the correct form, Charlotte. ‘When & Vendor has disposed of an out-of-date plant at a Big price greatly in excess of the value of one of modern construction his direct interest in the business fails and ‘with it the business declines. However long he lies in this comatose condition, he is usually sufficiently wide awake when the trust prop- erties are put up at auction after the crash, Then with his old mill or factory bought in at a nominal figure he begins again to make it pay. AFFINITIES AND WIVES. her face is the color of butter that don't come from the country. She looks marked-down-to-nothing-and-thank- for-taking-tt-off-our-hands. Would you think she was same gal? “Lake as not, when she gets things brushed up around | home and puts on the good clothes she j friend and tells her what a brute of ‘cause he had a grouch when he saw her in the morning, | and how naughty men are ‘cause when she had her gay rig j one of them tried to flag her. Perhaps her husband would try to mash her éf, when he's feeling Zour and heavy im the morning, she'd look as flossie as she does, when the masher sees her in the afternoon. “Bunch of women got on Park place other day. heya been over in City Hall Park getting divorces and made ap 4 to each other ‘cause of common trouble. ‘I never want to! see a man again,’ says one. “They's all mean, nasty brutes, says another. ‘This {s my second paper,’ says the firet ge” ‘and I tell you they ain't going to be no third,’ ‘Your see- || ond?’ says the other; ‘well, I should just guess one’s enough to learn @ woman not to try a eecond. Ain't that a hands| / ‘ 2] somo man over there in the corner? Then the one that) | We tt "-ha ttt A ; never wants to seo a man takes notice. ‘No, I don't think) | he's handsome,’ she says after a long pike. ‘I don’t blond men and I don’t like @ mustache. That fellow - aa Howard Kyle has written to the papers to thank the citizens who gave prompt ald to his mother when she was run down by a cab at Twenty-thini street and Broadway and to expreas his grate- ful appreciation of “the gracious treat- ment given her by the police, the am- bulance surgeon and at the New York Hospital.” 8 “any tales have been told ot the hard-hearted street crowds that pass by on the other side and of the brutal ambulance surgeons that, though one knows such treatment as Mrs. Kyle received is tho rule, her son's note THE GERMAN CHASTISEMENT APPLIED TO THE aa ‘WAITER cross seat would be jest right if he wasn’t eo little.’ you, it was wonderful how they picked up, and I thanspheeal e@bout men than my little red-head ever tells me. “Talk about human nature—well, it is queer it one ft is, But, as my little red-head says, YouRE A SHINE 50 THAT ANO Ee aD ANA THAT FOR YoU!) Now it is Walter Vrooman, the social reformer, who Aemonstrates by his wife's recourse to the divorce court for a separation how incompatible the placid happiness of domestic life is with the higher aspirations of the man with a mission to elevate the race. Only the other day it was Fra Elbertus Hubbard contributing, by the court's order, to the support of a chiid born out of wed- ‘lock. Just before it was Herron seeking an affinity “Mmore in tune with his infinite longings. Vrooman, it cers. Ex-Goy, strikes readers as distinctly and start- Ungly novel. o ee A man who 4s sald to be @ descendant ot the Texas hero, Sam Houston, was sentenced to Sing Sing Friday py Jude Newburger for embezzlement. Aside from other interest in the case the pro- nunctation of the defendant's name at- tracted the attentign of the court oM- Voorhees, of New Jersey, testified to the previous good character is announced, is soon to wed his own affinity. Why is it always necessary in the higher thought) of “Hewston;" George Gordon Battle pleaded for mercy for “Hooston,” and that the affinity must be sought for from without the |the Judge pronounced sentence on “How- ‘family circle? Why is a wife so rarely deemed compe-) “tent for the place? She seems to be the plain prose of affection when the visionary husband wants poetry, so he fares afeld for his affinity and nearly always find: “her, so ready is woman's car to give heed to a new! }motif of the old theme. | = y, | LIKE THE REAL ARTICLE. ’This year’s encampments of the State militiamen are ‘not to be the military picnics of former times. In their Stead we are promised conditions similar to actual ser-| “vtee—not so much physical comfort, less attention to “eooks and cuisine and more of the hardships of army life. Mimic warfare of a mild kind with death from either bullets or disease an exceedingly remote contin- gency, but yet a vast improvement of disciplinary camp fe over the yacation experiences of other years. » It {s an innovation of a most desirable kind. In the State guard summer drill outings there has been too much of the semper paradum bellum nit notion—too miuch of the idea of a lark with a little hard work at the manual of arms added to give it zest. A weck at Peekskill or elsewhere that would send the amateur soldier home with sore joints and stiff muscles and a half-empty stomach, but with the knowledge that he had been taught some of the preliminary lessons of real war by a competent authority, would do much tp improve the personnel and raise the standard of the State soldiery.. They have always shown themselves fable to fight when the occasion arose, but they would have fought all the better for a previous acquaintance with the actualities of hard field service. ree Our Superior Poltce—Major Ebstein, returning from a brief vacation trip to the Kaiser's capital city to study ‘\, the police system there, says that he “would not ex- Ceanke vue New York policeman for a dozen of Berlin's.” It is a certificate of efficiency in which we can all take o* pride, whilo indorsing it as doubtless entirely ‘true. The eMorency of the New York police has never lacked trity- s of admiration. When the Deputy Commissioner illeges further that ‘‘graft’’ is unknown in Berlin and it that city boasts no police captain w ks as a iitionaire we realize once more our superior advantages republic 'ls opportunity," as we know {rom the rent Band tax receipts of some of those once higher up Ovators.—The oratoritt bent of the negro 1s the phates of W. Av-Perry as saluta- ston.” The famous ancestor, who rose from poverty to be Governor of Ten- nessee, mysteriously disappeared while the incumbent of that office, was found ving as an Indian with Indlans, be- came aGeneral inthe fight for Texas's independence, the President of the Tox- as Republic and after the admission of that State became its first Senator, pro- nounced his name ‘Hewston," strongly | slewing the first syllable. The Massa- chusetts family which pronounces {ts name “Howston" 1s probably not con- nected with the Texai LETTERS, QUESTIONS, ANSWERS. Yes, Rublin Won, To the Editor of The Evening World: Did Gus Ruhlin and Bob Fitzsimmons ever wrestle? ‘Who won? AJAX. Straight Flush Beats Four Aces, To the Editor of The Evening World: Jf a man playing poker holds four aces ts there any other hand to beat it? HR, A Walter's Hard Lot. | To the Editor of The Evening World: I have been a walter in European, Western and New York hotels. I have | found that firat-class waiters have a bot- ter chance in the West than they have here. The wages are higher and the waiters are treated better, as the man- agement ts usually more liberal. Hore he has an average salary of $25 a month, and as‘he has to pay for break- Age, mistakes, fines, &c., often he draws only $15 or $20. Through the generosity of the patrons he ts able to raise his Income to altogevher about $80 to $125 4 month. That looks big money, but his official expenses are great. He has to pay his assistants and treat the cooks and chefs, & Tam sorry to admit that a walter has. to humiliate himself more than any other working- man, being treated shamofully in the presence of guests by hl® Head walter and asalstants. VETERAN WAITER. You. In the Spring of 3889. To the Uiditor of The Rvening World: ever play to- ‘heatre, Ee icely DELEGATE > PARKS THE Face »A German tried to hasten a Chicago waiter by a slap, Two New York women have also resorted to faces There are cures by homoeopathy, bichlorides and hydropathy ; ‘And the man who'll benefit the most will be the chap that’s hit the most And the old slap-stick comedian can sign en “M. D.’ wu bie DeveRY. ve But the latest and the greatest in the facial swat we see. Here i#'@ curtous {Illusion in accoustsay based on the condycttbility of sound through wood, ‘Take a long stick and at one end) place a real watch and at the other a toy watch. If you will set your ear against the latter it will appear to be wolng; you can distinctly hear the tick tack, a fact which will produce the illu. Cis a reat watch, ‘The sound tloking has been | transmitted through the wood because, of the, con- ductibillty of wood In default of a toy wat you ean ce your ear at re end and you can hear the tens ing of the watch at the other end ume side your ear, ith ou ean perform sue match under | it! with @ cloth, © CONUNDRUMS. Why ts a lawyer like a wine clerk? Because he is a bar-tender. What 1s a waste (waist) of time? The middle of an hour-glass, Why 1s an egg dealer sure to succeed? Because he shows a good eggs-ample from egg-sell-ent motives, What gives more milk than a cow? A milk cart. Speaking of milk, have you heard of the Boston baby being brought up on clephant's milk? It was the elephant's baby, Why 1s President Roosevelt lke “America?” Because he ts the Ameri- can him (hymn). What headlines prove the most sensa- tional to women? Wrinkles. What in the objection to the new two- cent etamps? Fifteen of them look too much like 89 cents, ‘What man wore the largest hat 4 ing the Spanish-American war? ‘The man with the largest head, | Why is a school yard targer at recess {than during school hours? Because !t | has more feet in tt, | Why ald Evo bite the ap Because she didn't have a knife to cut it. | “What kind of fur did Adam's wite wear? Bear (bare) skin, pubis e ike BLACKBOARD. If you will apply plack asllhouette | Paper to the wall or any plain surface | you will haye an excellent blackboard for common chalk. Wet the. wall in- stead of the paper and apply just a lit- tlé at a time, rubbing out the wrinkles Tack a nar:ow atrip of Yool across the lower edge to hold round the whirligig, three times a8 long. you will see that it mendous ral If you fheremese roust not WHIRLIGIG. Cut this whirligig out very carefully | they and paste !t on a-aquare bit of thin cardboard (a postal card would do). L it dry, and then cut the cardboard out and with a tiny pin fastén ft through the centre to a bit of stick for a handle. be about the thickness of a match and This should Now take hold of it by the handle and slowly turn it from left to right, and appears whisging»réund and round at a {ree the white circien or a bright son bettar; sh ie it unul after vou to be lapping to settle an old-time fend. Some of the Best Jokes of the Day. NERVE! NERVE! Parke—Peterkin has @ lot of moral courage, hasn't he? Lane—How do you know? Parke—Why, I got half way througn @ story I was telling him when I asked him if he had heard it, and be sald he) had.—Detroit Free Press, THE TRAIL OF GENIU. “Why are all those boys gam ractous! You don’t mean to gay he has tickets for all?” “No; but be has a good augur; an’ de fence ain't go thick."’—Philadelphia ttec. ord, lease AN ULTIMATUM. Father (trying to read)—What'e that terrible racket in the hall? Mother—One of the children just fell down the stairs. know how much worse it could be. from @ native of India, with whom pith ecene | transactions, and that in the long ago: “It 1s with great pleasure I request your good bepiing be present at the nredding of my son K—~, on Tuesday, the! 5th of May, 1908 (Hindoo date Sth of the bright half of month of Vaishakh, 1969). If your good selves may not be) Present on account of the distance being very great, I beg! your good selves to enjoy and share the wedding mentally, es it hag been Theosophically acknowledged that the power of the soul surpasses the waves of electricity, al your representative of this side would, I trust, o partake of the wedding pleasure.” ON THE EVENING WORLD PEDESTAL. | ¥Father—Well, you tell the children if]: can't fall downstairs quietly ‘they'll have to stop It. Chicago MISUNDERSTANDING, Aunt Miranda—I ‘hope you slept well st night, Uncle Silas? Uncle Silas—No, I didn't nuther, I've ben scuttled #0 consarned much with Ly ertia ‘Miiranda—Naow, look here, Un- ae “Bilas. ‘Til give. yous. dollar ne of them shinee you kin find fia ey ell Fea. ‘METRICAL, (Charion Of.'Schwad, the steol magnate, who bought a brid { onder to avold etrike delays da building his now Riverside yall ° See, Children, on our Pedestal The money-laden When, as result of House-builders left him in a fix ichwab, bor kicks, ©