The evening world. Newspaper, October 14, 1903, Page 12

+. With a combined fleet of 136 vessels, and made traffic ar- Publishing Company, No. & to @ Park Row, New York. Entered at the at New York as Second-Class Mall Matter, ———$—$— —$— VOLUME 44..0000000 weeeesereeeee- NO. 15,394. SSF LITTLE LESSONS IN FINANCE—II. THE LEGITIMATE—In October of last year Mr. Charles Steele, for J. P. Morgan & Co., made public an- | Nouncement of the flotation of the “Ship Trust,” officially the International Mercantile Marine Company. The promoters had taken the charter of the Inter- Rational Navigation Company, a New Jersey corporation ‘of 1893 with an authorized capital stock of $16,000,000, "and had amended it. By the new provisions the com- pany was authorized to issue capital stock to the amount ©f $120,000,000 equally divided besween common and Preferred and bonds to the amount of $75,000,000. Actually the bond issue was only $50,000,000. but with the bonds of the subsidiary companies added there was 4m enormous total of bonded indebtedness of $89,000,- 2001 The incorporation fee alone $24,040. ‘The new company acquired six ocean steamship lines fanugements with competing lines, It began at once extensive “economies of adminiatra- Mom.” On Oct. 12 it was announced that by way of re- Srepehment the offices would be consolidated and ticket _ Mgents’ commissions discontinued. Nothing more was Jone about the “daily-steamer-to-Europe” promise, but, " m the contrary, in the summer of this year uine steam- ors were laid up. Then there began to be signs that Mr. Morgan, as Wall street had predicted, was “finding the ocean too big for him.” Within six months after its appearance ‘n market quotations the Trust's preferred stock was telling down to 20 and its common to 10, Yesterday only Miree dollars and a quarter a share was bid for the ?ommon stcck on a par value of $1Uu; and the preferred as at 12! © THE “GET-RICH-QUICK” KIND—Just before the flotation of the Ship ‘Trust the J. J. Ryan Co-operative Purf Investment Company opened offices in St. Louis. This was an enterprise run on what Mr. Pat Sheedy mee called ‘the O. P. M. system'’—the “other people's money” system. The prospectus guaranteed a certain ber cent. of earnings every week on the money invested, this money “being used in turf speculation in connection With various enterprises” in which the promoter was in- serested, - The company was soon transacting a land-office bus hess. Seventy clerks and stenographers filled its lux- rious offices and the receipts exceeded $100,000 a week. When the concern collapsed it had thousands of “de- Positors” on its books, who were its creditors to the sxtent of $1,250,000, After the authorities closed Ryan's office an exam- imation of assets disclosed a breeding farm in Illinois Worth $40,000; racing stables at New Orleans and else- where appraised at $60,000; brood mares and high-class veariings, $100,000; office fixtures and other assets, $25,- 000. Total, 000, out of which in April last the United States Marshal distributed $193,503 to 12,000 de- Dositors, a dividend of about 15 cents on the dollar. Or in Stock Exchange parlance, their ‘common and pre- ferred” were quotable at 15. At the time of the Ryan litigation District-Attorney Folk said; “The statutes of Missouri are not framed to protect ‘suckers.’"’ And Justice Kleinzer, of St. Louis, In dismissing an attachment suit egainst the defunct company did ¢o on the plea that “turf investment com- panies are simply gambling schemes and all depositors must have known the nature of this business,” Is the time to come when we shall have a similar Audiciai ruliug on Wall strect ventures? SCHOOL-MADE MEN. “Do schools make the American man?" The Alfred Mosely Commission of Inquiry* appointed in England to investigate the educational systems of the United | States will direct its inquiries mainly to the solution of that interesting question, hoping to determine whether his pre-eminence is due to this cause solely or also to “other factors, climatic, economic and social.” We are not n ow the best educated nation; Great Britain herself led us by the statistics of 1896 in the per cent. of population able to write, as did France, Holland, Switzerland, Scandinavia and Germany. In the three countries last mentioned only one person ip 1,000 was unable to write; in the United States the number so deficient was 17. Now it happens tliat in 1840 only one country, Ger- many, excelled us in this particular. By the figures of that year 82 per cent. of Germans could write and 80 per cent. of Americans, The fact that the immigration of re- cent years has been preponderately from the more illiter- ate countries of Europe, such as from Italy where 380 out of every 1,000 persons cannot read or write, is largely explanatory of the decline of the American rate, A few educational figures from France are of timely interest. In 1892 that nation spent $35,224,000 on educa- tion. In less than two years of Mayor Low's term a bond issue equalling fully one-h@if of that vast amount has been authorized for Greater New York alone! ‘They are figures that set in relief the immensity of ur local schoo) problem. FEMININE SPORT. We can fancy the contempt of the Wellesley College * girls for the warning of their physical director against overdoing basket ball, Miss Hill alleges that the physi- cal strain 1s too severe and that the rivalry of the game ‘4a bad for the manners. Can a feminine athlete regard herself as worthy of ee name if she fears the injurious effects of excess? ‘Imes have changed and she prides herself on her en- i ) durance. On the links of the Merion Cricket Club, near ) philadelphia, at 8 women’s golf tournament last Friday "> meta competitor defaulted. It rained in torrents all day but in oilakins and boots the fair contestants out their rivalry, and when it was over laid their d golf sticks near the fire to dry. Is the example endurance likely to be lost on the college girl? 6 for the question of the deteriorating effects of + ©OSCOOOOO0OO4 ———~ ~~ ) TOOTSIE DARLING BETWEEN JME AND You, WE with MAKE THESE PLAYERS LOUK LIKE A BOB-TALED STRAIGHT. WHAT? PROGRESSIVE EUCHRE IF PLAYED ON SCIENTIFIC PRINCIPALS 15 A GREAT GAME aa | \ | 6 000000000. F99-90600940009% 4 SIOSHHOS-96 ee Eee 104002608084 HHDE HOSTED 6 The Chorus Girl Tells How Women Play Poker. | Other Details and Incidents of Her Birthday Party,| When Louie Zinsheimer Came Up as Willie, the Cheerful Giver. McCardell's successful book, published. (From Roy TL. “Conversations of a Cherua Girt,”’ by Street & Smith.) 66] AST Wednesday was my birthday, and I went to a whole lot of trouble to get up a nice party for my friends, I didn't spare any ex- pense, but I wrote to everybody 1 know, and I know a lot, who boost booze, and I says to ‘em to send a case of their brand up to the fiat. And 1} Wrote to Louie Zinsheimer to stop at | the Dutch delicatessen man's at the cor- ner and order in chow chow and potato salad and some rye bread and sliced ham and sardines, and not to forget to buy @ box of beer, And if he didn’t he needn't show up at the flat himself. “You can always depend on Louie to| % be there with the goods. and 1 won't| ¢ stand for nobody knocking him, elther, “Weil, Diamond Dan Drennen, who bushes Sealskii) “e, came up as Willle, the cheerful g out them other two {had counted on passed me up, and they was for wine, too. One did write me a sold letter saying he couldn't see his Don't you let him see his way to this flat ever again, either! “Dopey McKnight showed up first. We sent out and got him a pack of cigar- ettes and put him right down at the plano, and every time the bell of the flat rung Dopey struck up ‘I've a Cozey Corner in My Heart for You,’ ani all the guests feli for the welcoming strains. Loule Zinsheimer and Abe Woggle baum came next, and they brought me 4 birthday present of the handsomest cut gteel purse that Abie could fund in stock u know Abe is stuck on the stage Honest, he thinks he'd be fine for the Miles as an Irish comedian. But that's the way of it, Larry Rafferty. who's playing stock, thinks there's nothing to it but him doing a Yiddish monologue that would be fifty-six of the Afty-seven you could only choke off Able Woggiebaum giving imiiations of Kel- ley, the Rolling Mill Man, or reciting: “"'Twas a balmy summer evening, and & goodly crowd was there, ‘That nearly filled Joe's barroom at the corner of the square.’ “And doing a face-fall, regardless of the rugs, the line ‘Across the pic- ture, dead! “Why will they, oh, why will they? “Della Fortescue come with her friend, and Mazle Mortimer with he: Mazie's friend brought a vox of bon bons, and Delia's had @ bunch of Broad- way blooms that must have cost him a. five spot. Della was that mad about it she could hardly stop biting her ilps long enough to kiss me and say ‘Many happy returns of the day, dear!’ “Things started all right, and I thought I was to be the original Darling of the Gods for that occasion sur Loule hadn't propowed we play poker. “Let me sit in a cutthroat game with the ocean-going sharks, No more friendly set-tos at poker for me. nA Woman hates to axe as much, play. poker as she does In the ordinary course of life. ‘Shy? Modesty was no name for aan it ‘comes to putting up e "If Masie Mortimer put her finger on my chip, in the jackpot once and said Um up!’ she did {t a dozen times, and at last I had to ask Abie Wogglebaum ange seats with me, I pretended tt was to change my luck, but it was to got away from Mazile, the di ‘And. pesides, [ got to sit next to Loule. Zinshelmer, who waa winning. ind he is too much of @ gentleman day a word if a lady borrows a stac! hh Mama De Branscomtie pat there with her eves beamine. and tapping Amy with her foot mot to bet aguinat me When Thad four sixes. Mama De Branscombe got a peek at my oards somehow oF Another every. tne. “It was only I0-cent limit, but the crooked work Was worthy of a steamer Fortescue mis- “moking-room. | Della ‘allel ner hand four times, and my. | up wasn't whe mad when I sald’ ‘I'm from Missouri, you've got to show me!’ when aha started to rake in the first pot of he wangdoodle after my four sixes, sikiming ane had & straight against my] + two big aye was Tosing, Amy and her mother AT, Able and Loule were about a | everything was coming Mazie’ Della’s way. didn't want to quit because they were winning, and we|! ‘ldn't want to quit because we were los- | I"— ing. Della had the Uank, and 1 could sereamed when I saw my plano ment money go Into the box feminine manners much 1s to be said. A case 6 the action of the “gallery” which followed \@ Irish champion, and Mrs. Stout over the om Saturday. A lucky stroke by the ‘elicited applause and there was fur- Irish girl missed an easy “put.” f room exhibition of cour- in Eoule’ eis he wanted to, ¢o vorstwhere and play poker. ‘And when {tata what gras’ this, he said it was’ a phonograph factory he ‘could enone and #0 he and Able le aromped but. with’ Della Fortescue winning Gonsolation. pot—the winner always oes, vo ‘and you should bare heard. them |p! bi You HAVE TRUMPED D Jerome: OH PEEWEE DEAR! DOO ODOLGLOHFOO9OOOHOES DONT WORRY TooTsie DEAR t UP my SLEEVE THAT wie OPEN THE EVES OF THESE PLAYERS WE WiLL Come! IN STRONG AT. THE p——/ ‘HAVE A PLAY TO HELP Mey WIN THE, oath U; ane FINS He ad rd Jack—Why did you Insist on lending Miss Chicque your green é plaid golf bag? Jean—Why, she had on her blue uit and | had to do something to iit it. ro BHDDDDOHHOHHHHHHHOHDOOOO OT HOOP HOY INO I'M SO AFRAIO THA’ GOME DAY A CAGLE CAR wit) UN OVER lel frpterd ry you- rH) MF AN THAT RAN, GuaRro You ~ ONE OR THE OTHER. Biggs—Did you read that article In che current number of Blank’s Magazine on “The Working ot a Bank?’ Baggs—No. Was It written by an ex-burglar or an ex-cashler? Mrs. Peckem — I Meekerton was married last week. Mr. Peckem—I'm glad of it. | never did like that fellow, Tris 15 Aue A GAME OF u ANYHOW = ‘The Woman No Man Will Marry. Ai Timid Young Thing Who Would Need Hubby's Protecting Presence at All Times.: AYE, AYE, understand The Importance of Mr. oo the Great Little Man. CWECC Peewee’ You HOLD. DOWN YouR SEAT WHILE WE LOOK UP THE PRIZES. THE OLD, OLD STORY. be very much In love.” “And why?!" Well, he tak — her over In thes park to hear the band concert, and’ when they come out they have toe hunt up a programme to see what? the band played.” 3 to him and sald, almost tnaudtb! few words with you? I won't detain you long.’ "Well, “My dear sir, I am so verplexed that ecaroely know which way to turn, so “ADL I see," interrupted the fovial |and, after ten years in London I was “you must be a Fustonist, and |homesick for a glimpse of Manhattan, as I don't care to discuss politics I will |When 1 jd you good-night."* And he left the perplexed man coy- ered with COntNOR: Elzabeth L. Panta, whose “Auto- ography of a Newspaper Girl" was tlone of the most successful books of zany, in London, has just returned New York on @ fying visit, and ts Just entering his house the other | Which night when @ wild-eyed man shumMed |Jou |ork on the servant question. “Beg pardon, alr, but may I have a |%00k is to be along somewhat the same lines as her famous “Campaign of Curl- Jostty,” what do you wish to say? |don and New York point of view on this courteousiy Inquired Mr, Jerome, as he |much v adjusted his eye-glasses, |{mpresstons of my native city cable cars to dread. Now, automobile ranks of local death-dealers, It is an exciting change after the etald safety of London streeta,”’ Stories Told About New Yorkers. ISTRICT-ATTORNEY JPROME was at the Hotel Martha Washington, from have cars any one might well boast of. oint of vantage she is to make! The handsomest private cai world are owned by Adolphus Busch | and Charles M, Schwab, Busch received from friends. Schwab's ts new. bullt at a cost of $50,- 000 and ts one of the most luxurious It !s seventy feet long, Including an observation compart- ‘The ceiling ts, hand painted, The furniture, which, like the general appearance of the car, {s in Louls XV. perlod, is all hand made, Each of the brass bedstends in the two in search of material for a ‘The | his as a present and will embrace both the Lon- things on wheels, ed questio “Lam here ostensiply to ment of twenty feet. Banks gesterday, “but as a matter of | fact Iam Ike every true New Yorker; staterooms cost $1,000, ee 8 left here we had only the T see the has joined—and led—the e 8 6 New York millionaires’ wealth is no longer gauged by the cost of their pri- vate cara, Xet a few rich New Yorkers \v in the Mr, To “Abe Levy belongs the honor, it is sald, of coining the local term, ophobia,” that malady which the sub- way introduced into Gotham. New York- ers are suffering acutely from ‘‘flago- phobia." ‘The laborers who stand near excavations with red gags in their hands seem to be there to frighten every | wave, and one rather shen. So Meee iasepie: ove: of Covege: te “fing bcdneeatp danger. What the flag means you have no means of knowing, because the mun seems to stand’ there holding it perpet- ually, whether there is blasting under foot or not, Anyhow, It does not always appear to save people when tho blast is coming in their direction, oe Whatever Lewis Nixon may or may not have accomplished in municipal pol- he has left his mark on another phase of local Ife. Since te introduced water automobliing in New York harbor naval architects have been experiment- ing and some queer freaks in the siape of autoboats may be expected next sea- son, Most of the designs run ¢o the abeolute wedge, with @ stem as baad and the beamiest Sf the bone at the etern: ‘These boats ato perfectly Fat on their keels, and some, niles HEED ON IMmRaa te IR. PEEWEE, AWD. PERHAPS Some DAY| {You witt BE ABL| 94 Athletic Wives ‘ of the Future. OU can’t pick up a paper nowadays,” complained oc the Cigar Store Man, “that hasn't got a page in It telling women how to get strong.” “That's no falsehood,” said the Man Higher Up. ‘The newspapers are assisting in building’ up a race of husband beaters. Has your wife been using you for a place to put her fists against?” “No,” replied the Cigar Store Man, “but my young: est daughter has been taking deep-breathing exercises all summer, and she has built up such a chest measure- ment that a $200 coat I bought her last fall fits her like a Tuxedo. “Don't you care,” advised the Man Higher Up. “May- be when she gets a little oldér she can join’ tife House- smiths and Bridgemen’s Union and make $5 a day, This is the time ofthe female Sandow, and that old gag about the men staying home and keeping the canary bird cage clean looks lie it was about ready to come out. “Far be it from me to make a yammer about the athletic instruction of woman. I can outrun any woman that ever learned to throw plates. But, taking it as a general proposition, it is not a good thing, because it is a contributing cause to the discouragement of matri- mony. “Take a young fellow working hard, hurling an ossi- fled doughnut and a glass of milk into his system at noon for lunch and taking his exercise around a billiard table. Suddenly he finds that none of his shirts hes buttons on, that his socks are full of holes and that the whole world is lonelier than a farmer at the Waldorf- Astoria. “He makes up his mind that he'll double up for fu- ture engagements in life and goes out on a scout for a likely party. Finally he chooses one and proceeds to get dotty about her. She is all to the saccharine for Pinion ‘aro to be 60 deat long "when ult Mill draw. only. ning inches, “Aney” will ractically ‘skim Al the top ot they strike ey, WI plur@e. right water, except wi then th Harold. Many a time he imagines himself a hero climb- ing down a twenty-two-story fire-escape carrying her in ‘his arms, with thousands of people cheering him, “One day he takes her to Coney Island. She picks up arifie and peppers the bull’s-eye so fast that it sounds like an alarm clock; she swings a sledge-hammer and sends the indicator so high on the striking machine that the proprietor has to climb up after it; she blows into a lung-tester and the needle goes around like the reverse of a split second hand on a watch; she hits the punching-bag machine and the marker goes to 526. “The young man goes home that night talking to himself. He figures that if this seemingly slim and weak female is such a prize winner in the strenuous thing he would stand no more show with a woman ag big as himself than the Ancient and Honourable Ar tillery would in a competitive drill with the Irish Voluz teers at Celtic Park. “Thereupon it’s all off. His dope has led him to believe that all women are clinging and tender and like to be bossed around. If he is going to marry an ath- lete he might just as well join a circus and get tied up with the woman who drives in the Roman chariot races,” “All young girls are not athletic,” said the Cigar Store Man. bees “No,” agreed the Man Higher Up,” but you ca: tell whetuer they will go into training after they nt married Radium—Paralysis. Mr. Hammer, who was formerly a coadjutor of Edison, nas produced with radium a partial paralysis of the fish known as the electric ray so that !t would give no further shocks, He has, with the radium, paralyzed small fish @o that they have been drowned, or at least died. In talking of thie Mr, Hammer called attention to the experiments of Prof, Curle and others recently in Paris in which guinea pigs, mice and rabbits wore paralyzed and Iater killed by placing cadium near the spinal column. “It 1s perfectly reasonable to eup- pose,” said Mr, Hammer, ‘that people's brains might be paralyzed by putting powerful radium near their heads, eay on a piliow at night, or near the spinal cord, and thus pros duce paralysis as in the case of the animals.” College Populations, Among American colleges Harvard has 6,26 students; Co: lumbia, 5,352; Chicago, 4,296. The State University of Micht« gan comes next with 3,764, followed by California, 8,696; : Minnesota, 3,393, and filinols, 3,288. ‘The privately endowed University of Cornell has 3,281, after which comes the State University of ‘Wisconsin with 2,8. The Northwestern Uni- versity, on private foundations, shows a total of 2,876, THE FUTURE. T one of the windows of Time fA I stood leaning out thro’ the casement, And gazed on that mountain sublime, ‘The Future, and found with amazement There are paths where the weakest may climb Up, up from the deepest abasement. Up, up through the shadows of wrath, Beyond all the vapors of weeping, We climb o'er the difficult path. When Hope has awakened from sleeping, And we learn that the future aye hath Many Joys for us pe in her keeping, washing the dishes and, { ( ——E————— SF