The evening world. Newspaper, May 25, 1905, Page 14

yea sale @ubuened by tne Press Publishing Company, No, 53 to 63 Park Row, New York | Entered at the Post-Omce at New York as Second-Clese Mail Matter, THE SAME OLD STORY. The disclosure of the rottenness of the Merchants’ Trust Company simply a new chapter in an old story. When in 1900 The World published the facts as to the State Trust pany, showing that certain of its directors had been borrowing, in plation of law, money intrusted to the company’s keeping—that exces- loans had been thus made through clerks and other dummies, and h other sums had been loaned on wildcat securities—there was a great outcry. The same Superintendent of Banking, F. D. Kilburn, was then tn Office, and then, as now, had failed to superintend as the law required him to do, Then, as now, he deprecated “‘publicity”’ as to financial irregulari- “ties. Gov. Roosevelt made a ‘great touse” until he found that one of « hhis particular friends was concerned in the mismanagement, when his meal suddenly cooled. The reports of the Superintendent and of the dn 's special examiner were suppressed, until The World secured "tnd printed one of them, making public the facts. \ Nobody was punished, though the Superintendent reported that the enfirectors of the State Trust Company had been gullty-of “a plain violation * of law which no company ought ever to permit.” The excessive and loans were restored, the bad loans were made good, the State Trust ‘oulbls office! Now it appears that the bad condition ofthe Merchants” Trust Com- pany, was known by the State Banking Department as early'as 1903 and {was kept a close secret for two years. The matter was never brought to Aiveference made to it in the annual reports of the Superintendent, ‘ Is history still further to repeat itself? Is New York forever to ve Superintendents of Banking and of Insurance who do not super- except in the interest of the companies? SUNDAY GAMES AND THE LAW, > * Corporation Counset Delany's opinion that the law prohibits base- *Mball or other games on Sunday to which an.admission fee is charged, and, cisions of the courts. t The practice of selling programmes instead af tickets Is too: plainly ‘m subterfuge to be permissible, Commissioner McAdoo is right in say "jing that the players should make a square issue-on-the validityrof the law ‘ vdnstead ot adopting this transparent evasion. "fm some manner on Sunday afternoons, it would seem that those who ))” “wish to see a game of ball ought to have a right to thelr enjoyment with +» the rest. Not everybody can afford to sall a yacht, or drive a fast horse ) _on the Speedway, or play golf on the exclusive links/at country clubs. ‘ {There are some who do not care to swell the Sunday crowd at Coney Asland, All these diversions cost money. Is the national game the only one that attaches a “taint” to money spent.on Sunday? hn ‘The law must be obeyed, of course, even when it ts “an-ass.” But {i the time is not far distant when there will be an trrestetible demand that our Sill archaic Sunday laws be adapted: to the-convictions, the needs-and |: *the religious freedom of the people, POVERTY AND MORALS. '}'" The Rev. Minot J. Savage attributes poverty to defective-morats. fin a sense he is right. But when he says of the poor man that “he id poor because of his immorality” Dr. Savage puts the immorality which ‘causes poverty on the wrong side of the scale. Any able, intelligent, thrifty man with sound health and ordinary > = wpportunity can by care and cautious investment accumulate a fF [competency by the time he ts sixty, yielding income enough to live on | during the remaining years of his life. He must, of course, avoid such ) extravagances as a wife and children, and he must be sufficiently shrewd P 1) to shun the get-rich-quick schemes of low and high financters, He must a be careful of the banks in which he deposits and of the mortgages or 4 other securities in which he invests his savings. 4 On the other hand, it may be well asked whether any of the multi- ; Millionaires has lived a strictly moral life—not moral in the sense thst x be has avoided the coarser vices, but moral in the sense that a clergyman should use the term; that he has kept the moral law and has taken ta whimself nothing that was not rightfully his, 4 Any one who has made money through the giving or the recetving tof rebates, through stock speculation, through fomming a monopoly of won. of the necessities of life, through the diversion to himself of the “usufruct of trust funds, can hardly be called moral even if he has abvays gone to bed at an early hour, has attended church regularly and avoided “intemperance and other vices, Wl Complaint is made of the use of the English ‘spellmg of “honour,'” favour,” &c,, in American books. The protest is justifiable, The sign- » __ers of the Declaration of Independence pledged to each other thelr “sacred Honor.” This has been good American spelling ever since. The Automobile Club of London has deckted that “motorcar y must be confined to special tracks.” The Outlook says that "people who cannot be happy when they are motoring at sixty miles an hour should _ take an express train,” i) _ The People’s Corner. 4 Letters from Evening World Readers hf (Old Problem in New Guino, ‘Fo the Editor of The Evening World: Readers, it a boy goes into a store Sywith a bad 5 cent piece and askew for @ penny's worth of candy and the strop- ‘keeper goes out for change and xtves ‘the boy 4 cents back, and the atore- Ageeper who changed the nickel comes Dack with the bad 5 cent piece which ‘the first shopkeeper has got to make | ‘ema, how much the candy eeller “out? JAMES 3. Wedding Dresses and Luck. else fails, be sure to give tt awa: de- fore it la worn out. J. 8, Hobolen, (“iBeo!? After stxteen, od the Mditor of The Bvening Worlt; an argument with a ahap of Sigtteen, I tok him that ina Be or @cquaintances and hie mal) addresme: “Mr.,"" but that now he te r5 7 “Master,” How old 4 to be before te is ote. as Mr." instead of Mas is @ boy supposed in letters, ter?! @, K, Apply to Supreme Court, To the Editor of The Evening World; What stopa are necossary to he one's name changed? ww (Plea-Bite Fines! Not Enough, ‘To the Bdltor of The lvening Wor Your editorial to-day, Mo the MAttor of The Mventng World: peader aske if it 19 good or bad tuck away @ wedding dress, It is helght of ill luck to keep your ng drese until worn out. The ef good tuck ts to have your Ney ar Fines,” te most exceilent, short “I wanted a chanve tb help push her and pest ib strong, Hope you wili keep on unti} |at Over ber eyen’'—Washington Star, proper laws and thelr on. The Even “Company was consolidated with a stronger comapny—and Kilburn kept | ® ithe attention of the Attorney-General, as required by law, nor was-anyy| $ bibs ii PAE ON I RTO ETT ME eee MEM ny ieee ing World’s Mome Magazine, Thursday Evening, May RTT Es a PE DRDODIEHG-H PEEHOOOEMSOHHOHHNHO DOH The Little Dumb Men PPDHODDEDOHD OOS EPIDIDDS POOHTELSFDHOHHHO HOF OC OVHHOS DOWD HOH a By J. Campbell Cory ~* % & S a Saxe f Q th yitttat arrests for such violations of the law may be made by the pollce| 3 without complaint or warrants, is na doubt.in accordance with the de-| With two-thirds of the population of New York seekng-recreation | $ two he misht bo called “Mr.” by tis!‘ : Pad 0 2 CARMI 8 Ob O29OTOSCPOSOOG OD F442 POS Of peopte’s money the tin-horn trusts Are rather rummy protectors; They play a low game of high finance, That's “capped” by the dummy directors, The Smart Set’s Race Track JOcKETS: tie By Ferdinand G. Long BAN vave >? Disranssine! " SSS 444 9S5-3460: IN THES PADDOCK A THOROYGH™ BRED. erSome wof # the » Best w Jokes # of # the w Day. Je “Why did you rush up to that mewly Falls, ia it’ | place yer could tell me ter go to?'’ ‘be not,” sald the dyspeptic elecied oftlcer?’ said ont slelegate to a] Dejected Native—No, ma'am—juat| ‘Yes, but I'm too polite,’—Philedel but its @ Kuoeraue to be such woman's convention, "You don't Ike] Niagara.—Chicngo Tribune. phia Press, ate tee iter as YOU a@re."—OQhioago Trib- her," eo 8 6 “Phat'a true,’ answered the other, ‘The man behind the white apron in- “Shay,” began the inebriated caller, | @ignuntly apserted himself, “want a good carpenter here?’ "1 won't be ordered. "No," snapped the busy dullder, “Get | was outi"" - “Well, ohar. a've mow eny ussher\| Ammonished —_ Traveller (twenty-five hanca)—-Why, this ten't Negara ; |homes. They’re train-dwellers. , | time, 'THE JERSEY INVASION. A Vitascopic-Stenographic Report of an Interview with Grand Central Pete. By Albert Payson Terhune. WHAT is your name and occupation? A. Grand Central Pete is my business title, My profession is Alchemy. Q. What branch of Alchemy? A. Extracting gold from bricks and hayseeds and transmuting cireulars into greenbacks, Q, You afe here in what capacity? A. As a Commit tee on Grievances from the Jersey City Amalgamated Come-On League. 1 come to protest against the ine yasion of a heretofore peaceful and easy territory by Wall street speculators who are flocking to Jersey City and Hohoken to do business there in order | to dodge the Manhattan taxes, Q. On what grounds fo youhe A. On the grounds surrounding the various ferries and stations as a rule, but we have rooms in a hotel where we— Q. Walt UN T fintsh, On what Rrounds do you base your complaint against these Wall street invaders? A. They will bring unpleasant no- torlety on the place, destroy its former respectable quiet, scare away strangers and disturb the neighbors by their victims’ squeals, Jersey City will sound like a slaughter- house and— @ But you are in something of the same line yourself, aren't you? We have heard——A, That's a libel on the Honorable Con Fraternity, Did you ever hear a shriek from any of our patrona? We are peace- ful, orderly business men, Our methods are pure and free from re Extracting Gold from Bricke and pereers, proach, We-— Q, Kindly explain, A. We mail a neat circular to Pompton, N, J., or to | some other rural metropoHs. ‘The leading citizen gets it, straps on his money belt and meets our representative at the Jersey City terminal, They | 8© to Goothing’s Hotel and there tho money belt is amicably exchanged for # nice plump satchel full of useful commodities, Q. What are these commodities? 4A. Cigarette coupons, sawdust, hay, pine shavings and other equally wseful household treasures, neatly done up in packages of uniform slze and tastefully bound in green paper. We generalize all the packages’ {ngredients under one head by calling the bag's contents "Money,'’ and we then playfully warn the buyer not to open the bag till he gets home, We never hear of him again. No harm {is done to any one. Q. Whereas these brokers and speculators?——A. They'll shear thefr Jams all over the place, noisily convert the wool into dough, get Frenzied Finunce articles written about them, and make dreamy old Jersey City a byword for future generations, larmers will hear how suckers are trimmed and will run screeching up a tree every time they get a circular inviting them to take a pleasure trip |to Jersey City. Our busines will be {ruined. No one but commuters will dare enter the place, And we can’t work commuters, Q. Why not? A, In the first placo they've troubles of their own, Be- sides, commuters have an tnstinottve knowledge of just what a bundle or fatchel contains, They've carried bundles from birth, Nothing doing in the money satchel line! ‘More- over, they wouldn't walt to open the bag till they got home, Q. Why not? A. They have no Q. Is there anything in common between your creed and that of tho Wall street invaders? A. Only one he oe Ne Re Bey puo- They'll Shear Lambe All Over the e's, It’s a eyatem of bait and rebnte, \ Rises: Q, Explain, A. The public gtves us their faith and thelr money. We give them back their faith and let them keep it for next time. Q. Wouldn't it be possible for your fraternity and the Wall streeters | to combine in working Jermmey Citv? We con experts may be poor, downtrodden workingmen, | A. Never! but we are at least scrupulously careful in choosing our buatness associates, The Man Higher Up. . By Martin Green. f SEK," said The Cigar Store Man, “that another eolld trust company 66 J how busted.” \ i “What's the use in saving money?” asked The Man Higher Up “Suppore T lay by 10 per ornt. of my salary and put $60 in the bank every week. When I draw it out I have to go to the bank or draw a check and I lose my interest. But when the directors want to draw it out they get paid $3 apiece for holding a meeting and passing a resolution to thas effect, ’ “It's fanny about @ man saving money. He won't invest it in Gevern- ment bonds becanse he’s afratd the Government will explode, He won't put {t in shiners because he’s afraid of the temptation to hoek. So he goes and puts 't into the hands of a board of directors of a trust company, who invest {t in a syndicate for the utilisation of ‘barher-shop waste hair, ‘phe State Banking Department let the Merehants’ Trust Company stagget along for two years with both props multy, and ail the time the branch office of the company up in the Columfbus Clrole section was out panhandling for deposits with the greatest enthusiasm. The statements of the State Banking Department, showed that the concern was ¢o the good, Now, when the kibosh is put on it the State Bank Superintendent proclalass that he knew that most of the securities were next door to phony all the “You will notice that the State Banking Department never gets wise that @ bank je on the frits until there is nothing left but excuses, By the time the Bank Hxaminer 1s put in charge there isn’t much left for him to do but dust the furniture, The further we go into the banking business ‘as it 1s conducted, and as it always has been conducted, the more reason we find why the Government makes it one of the \jnes of business over which it keeps direct supervision, When it comes down to cases the Government puts bankers and whiskey manufacturers on the seme plane, Since the bankers have gained control of all the railroads the people are clamoring to have the Government take entire supervision of them, too.” suggested the Cigar Store Man, “there are honest bankers,” greed the Man Higher Up,“‘some men can’t help betng honest.” Milk Free to All, Spiders Cure Ague. QURIOUS custom etil! hoids Wood A in the village of Waddeedon, in Buckinghamshire, nglend, were the Merchants’ Trust Company. fesued with the consent amd approval of |