The evening world. Newspaper, March 11, 1907, Page 12

e, themselves per- any number of indi Ss can as for any lawful purpose without a change in the sonality of its members iifecting the powers, rights, obligations or continuity of the bi A corpora: tion cannot die, except in the manner y ided by law. | A partiership diflers from a corporation in that “Wis dependeit upon Me tives and personalities ot men composing it. 4 Public Tamnises amt ke powers of tones tismare exercised by corporations, i uals or partnerships, because death, J-other-Iiman iis are-thereby-avoided. eatin pote infirmity, insanity —passengers-on, graded-road-equipped with metalrails_held _per-— a | manenily Inf place, by means of movable cars operated thereon. —It is} * restricted to this business and to daing such acts as may ‘be necessary ‘thereto. Therefore a, railroad -cdtporation cannot properly manufacture | “Speculate i in any manner, or do a brokerage or tanking ‘business, All such; acts_are “ultra vires" —that is, beyond its legal powers. A cerporation which merely owns a railroad‘s stock and bonds is, not a railroad company at all, but a “Business corporation « like a company. that owns dry - goods, Thus the new Interborough- Metropolitan C ‘pany is not a railroad corporation, but what is called fa holding company”—that is, it holds the paper cer- tificates which represent the ownership of another cor- ation—and whatever stocks and bonds it may issue are not obligations of the railroad company and create “fo. liability on-the part of anybody except the holding value is wholly dependent on ‘the ‘Market price and di ividend and interest returns of th laper certificates, which are the only assets of the holding company. _ The stock ofa corporation is pieces of paper printed by the author- ity, of its officers and representing altogether the good-will and equity of undivided’ interest in the assets remaining to the corporation after the. payment of all its debts. ‘The equity is the value remaining after de- from_-all the corporation owns the amount it owes. _That-is, the stock is worth what is left over and above all mort- gages, notes and other indebtedness and obligations. A mortgage is a promise to pay a definite sum of money, the payment being secured by a pledge of specific property. Where the property pledged is land or buildings it is called a real estate mortgage. Where persoilal property, such as merchandise, is pledged it'is called a chattel mortgage. Where the. property A ‘railroad company is a corporation organized to transport freight | “any article, except for jis own use, or buy any article to sell again, or| the corporation in.its property. Each stock certificate carries with it an{- pledged includes a franchise gr the good-will of a -business. the mortgage is-named: according-tothe nature of the corporation. TIME To. MOVE - \ VE BEEN SITTING TWO —JONN-1-ATE Too MANY. CARED. GO To THE DRUG STORE ano GET some PEPSIN- Quicn! ITS-TIME FOR YOUR TENTH FOOT BATH. Thus a railroad stock is the paper r certificates rep- | - = resenting _ownership_of all the property_of the railroad ts_franchise,, tight of way, stations, cars, locomotives, cash in banks and whatsoever other assets it may possess, subject to the pledge ‘of any or all of this property to secure the payment of the corporate ‘debts, and also for deducting whatever unsecured debts there may be. ~~ Stock is of different grades or degrees. Preferred stock, as the name lmplies, teceives dividends before the ordinary or common stock. st-and-second-preferred_stock,-as-in—the-Erie-road; both kinds come before the common:stock, which gets — -mothing until everything else is paid. —-A-voting trust is where the owners of stock-assign _ their right to vote to a committee or trustees. In that "case the only right of the stock owners is to such divi- _ Gends as may be declared. Bonds rank in the order of the security covered by the mortgage. A bond represents an undivided: In- in a mortgage somewhat as a stock certificate epresents-an- undivided -Interest-in the-equity;— Rail- 03 ds-usually-- issue-Several kinds of bonds, based on successive mortgages. -The-first Mortgage bonds” are. which | he fir original lien—that is, they * q@nust be pald first. Second mortgage bonds are a second lien_on. the ten General lien bonds come after mortgages with specific -—_Income-bonds.are-payable when-the income-warrants Hy ani he stock. Collaterat-bonds aresecured by the stock of some Ses ‘road company which the corporation issuing’ the collateral bonds has bought =—Car trust notes“are secured by-a-pledge-of-the cars for whos= ; sconstruction they have paid. ~—There-ts-a-wilderness-of-fegal -verbiayé and” distinctions “Bifferent kinds of lower grade ier STE _A primer cannot tell these details, which it takes ov. 4a railroad manual merely to siimmarize. Letters from the People. Inlsotent Downtown Clerka Hp the Esltor of ‘The Evening W SL wonder {f others notice, as 1 Browing' incivillty of store clerks, Th between the i er 1,500 pages of \ I wih your friendship"; bottom ¢or ner at the left, I week your acq j jon Mine with surname, “Ac love"; the down, * my same upside ara a number of stores, statloners' and am engaged": at ed tg tight gli, Otliers, 17 the bualness district, whore place, tong ito. se Seat unnaiers they acom ts think one comes to bor- | at and “edxe, “Wribe fear . nedi- | row money Instead of to spend tt. The curt, brusque, Indifferent manner af a Sada these clerks would cause them to be! _ calth Law Broken, | fired on the spot anywhere further up- T2 the Euitor of The Evening World | eels pravabiysther think ihaesbeing | LONG thelt Newii'York jatatlon ior. the Brooklyn Bridge is a Board of Health| Mien -problaiitng-— expectoration; Yer} very day hundreds of men break this From thy police public every man ae downtown, they have more or less of Sa monopoty-ant can-uct ae they co | But as 1 avd sundry others ha to buying things uptown In pre perhaps downtown proprictors or a may | think if worth while to “Jack up" their | self exempt from obeying, Why do: Insolent clerks, Let ot r the health authorities get af | Cita We hilsance and mop It? DISG The Stamp Language. (Ma the: Paitor' of Thr Evening World; To. tor of Che Eve: PY answer to the request for the} Perluips some read | Meaning of the vo-valled "stamp lan-| why adme gas compant | “guage,” 1 herewith give it. Upside] ting in a | er, “T love you"; same] quarter meter 40 . “My heart Ju an-[end of the year figured o -| t np and down, “Good-|to be £5, We have now moved to new apartment, I told the superintend. ent I wanted a quarter meter, explain- ing why, but he would not put tt in, YY. Sweetheart”; upside down on right ner, ‘Write no more"; in centre at Yea"; opposite. at bottom, “Ni ‘flglit-hand corer at ht angles,| Now Instead of our Will being p£125 It you lovesmet! {ny nd corner,|comes to $2.40. We always eh and he You''s top corner. the rigut,/turn.out gas at same hours, AL W. By. On! Sonn! you'tt HAVE. To GET THE oon OH THOSE CANES WERE Too HEAVY, JOHN THOSE vm St HEAD RUBBED EVERY FIVE MINUTES, HOT FOOT BATH EVERY TEN MINUTES, MASSAGE EVERY IJ MinuTES. trEEP IT UP ALL DAY. TAKE {Sen THis MEoICINE \S EVERY SECOND- ANG PERFECT REST HE CAN TARE CARESS ITS Cocky THIS 15 YOUR DAY oF REST, ct, ToO PAPA. 1 DON* T Lie, The Jarr Family’s Daily Jars fe ot oe BY Roy L. Mccardell!® R, GOTE, who belongs to my loage, office to-day to see me," “Hung Up his overcoat In the hal te other eventing, never DID care for that man," said Mrs, Jarr, as it w don't “By Jove! certainly ure x wonder! “He “Now, now, my dear, Gote Ts an awror nice ten Trem going to-teit-yourhe-etoppedt-by-Ltie-itiee,—and-in ~ you thease many yea hink! should “M. that settled tt. Mr, Jarr. chn’t look you astratghc in (ue f “Oh_pshaw!*aaid Mr, Jarr. Depala”— Mrs, Jarr sniffed loudly. , nervous dyspepsia,” right to be susn! They may tle you, but they can't beat you!" Towas-oing. tq:tell: y ginnce Away — eo Jarre "you" kn AM eocares-tor- ty I should come over and visit his house in Flatbush.’ “Why, io to Brooklyn?” Brooklyn to reo my owh alster, much Jews THAT woman!” don't you think she's a nice woman? She anid Mrs. Jarr. a darn nice fellow, all rig. t, just the same,” —-Me-can'tlookyou_straight Jn tie face and I'm always clous of that rort of people,” sald Mrs, Jar. “Poor Gote has a very red nose—not that he drinks at all, but from nervous dys anid Mr, Jarr, warmly, I never saw such a woman, #0 suspl: = jous. niter all I've heen. through sald Mrs, Jarr, with avslgn yourvexplanation about your frlenam red nose, red from nervous dyspepsia—I iyau'd: give me:hal ew chance: | (hat poor ME GUte tx so-Renaitive nbout-hie-nose-thatif-he thinks you're looking | atit-he turns » to Brooklyn? T was Ip the Mgot,” said Mr. Jarr, meekly. ead Mr, \Jarr, as he “If [ made up to go out like some women do, you'd be the firat to call atten- tlon-to-it continued: Mra-Jarr.-Thank goodness !-I’ve-too-much sense: — ——— sald If they “Dog- | “But go ahead with auto: sa. Mar, Jarr, “You want dort mean that Mr} home Pact 1s, aH] wouldn't Ko to} | dea struck me aa being ath If YOU Had a Wife Like This. “I've heen you powde “Only when my face from being chapped. Or If Mrs. 1nd all worn out from.the Inceswant work and worry I have in thly hou Jiist a loast, Mttle touch of rouge. “Oh, go as far ast you Ike! frend of mine. Jarr, hastily, ‘On, matically. He belongs to my lodge; my money If I need it, and that's why you qoast him!” “Has he any money? asked” Mrs, Jarr, ina woftenpd tone, has het" sald Mr. Jarr, Brooklyn the blggest factory for making home-made ples there {s in the world?” “Is that so?” sald Mrs. Jarr, now greatly Interested. “He's invited us machinéx that print ples by the milifon Ike you'd mould buttons, best chemicals _guaranteed_under the pure-food laws, and every ple {s stamped ‘Gote’s Kind-That-Mother-Used-to-Make,"* Mr. Jarr. or when I'm going out in the wind, to keep my one perapires, a little powder !s cooling,” sald “and If I go to a dance or to the opera and am looking sallow I_may_ * aald nose is shiny, But to make up—never!"” said Mr. Jarr, angrily. “Mr. Gote is a: good he's the only man I know who'd lend “Why, don't you know that Mr, Gote has In Why, he has He uses the a to_go through the factory," sald Mr. Jarr. “And will he give out samples?” asked Mrs, Jarr. ‘sures Mrs Tarr "A “But that woman, that Mrs. Gote, she's simply Impossible, with her old blond wig, T couldn't know such a peraon’ Tour then the da anxlowe thereat ———Stimeer, nenrw [Inylted them to cal tut Mrs, Jarr w awect thing! Yes, it was Mr. and Mrs, Gote. C4 sald-Mtr. Farr. “Well, he does look Tke @ ni “Haven't Y been: telling you how gdod-hearted le Tw?” n, And dyapepsta doen inake the nose red. nd Whe xives samples, I don't mind golng fo his ple factory, pelt rank. T Wonder WhO WAT INT AUTO Mrs, Sarr, YOU see; choy watt they’ dt be-in- the -netghborhood;-amd-T" ammered Mr, Jarr. at the door kissing !a How kind of you to call ‘ge, blond lady rapturously, she ald. You et wt RO | Fo EP J [HevRY PECK AVE You RESIGNED FROM HUMAN |] SOCIETY? OR ARE YOU HANGING HROUND THE HOUSE [NO -TOT- GOING TO AKE, ME PHSERNOLE PANT WHERE PUEF, AND Lortesome?. You PROWPE SOME ENTER THIMMENT- { (Gririe Two TyicreTs~ I Guess Im Nor Toc-Qt.0 i} 70 SHAKE A NIMBLE LECOT WITH HENRIETTA: SLE actA EAS Loe DRUGS-Aiso Re retes we 8 ByF. G.Lon FOR TLE if THERE'S THE) DEAR OLD THING NOW. IF SHE ONLY KNEW THE SURPRISE THAT) {HER HENRY HAS-} SON WITH THE DANCE! bLer Jor BE UNCONFINED! FOR TONIGHT WE SHALL; {SWIRL IN THE WILD { DELIRIUM OF THE 5 S WALTZ ~ AND — 5 ‘You! DELIRION: ! Jord - Ano THIS THE REPENTANCE ~ OF V-SACKCLOTH_AND. ASHES! Don'T You KNOW THIS 15 LENT? Lie Give (SonerHing Te REMIND, =SONE ASHES TO CHASTEN YOUR SRAIN- Ss Teen et ray IHE, He REFLECTIVE A a *) violent deaths. {Nevertheless he did his be The. Evening World’s Daily Magazine, Monday, March 11, 1907. 1 eaaih | The Day of Rest. SIXTY HEROES @ublisbed by the Press Publishing Company, No. 88 to a Pa ae Tork. a ‘By Maurice Ketten. RENEE = iWHO NV AD DE HISTORY — ABE Entered at thy Post-OMice at New-York as Becond-Class Mail z YES 1A GLAD: DARN ny . By Albert Payson Terhune. i MOLUME 47.0... ec ec ee eee cece Iwish you 0 BATTER! 3 if ER Sees IT STICKS | No. 256-1VAN THE GREAT: The Here Who Freed and Tried CORPORATION is an artificial creation -by which =o FREAD ATS Oe ne eri eemer ee ae Toate Scania & A so.4 Then came a long Ine of his d some bad, all half barbaric; most of them leading violon* They and ofl Russlans. were heathens up to the time of }Viadimir the Great; who, in 998, was baptized and made his subjects a | Christian nation, with Kief as their capital Long y endsrulé and official incompetence sdp-}37-eame acblowefrem wihiel Ru: The Mongols, a warlike 1) begun a career of conquest Were rulning their savage country: and to: rule over them. He did some of them good kings, lives and dying { nts, i some time before gentus who ysed Ingo hope confu- Shanta amity the cruel yoke of the Golilen Horde, Russia lay still while the rest of the world moved on, The country’s slowness to embrace higher elvilization to-day and to adapt Itself modern conditions may, be traced Indirectly back to this long era of slavery and arrested developments. The: Mongols and (helr-descendants, the Tartars, tef r-on-the-Rus- lan national character that all the succeeding centurles been unable to efface. The Mongols let Russia's rulers go through, the form of governing the lucklegs ‘conquered race; but each sovereign was forced to do humiliating ue homage to the Great Khan (or Emperor of the The “Golden Horde} Horde), And go matters went on until by the be- % ginning of thg,,fourteenth century the chief city and Its Tyranny” & and State of the ¢iislaved country was Moscow. A Thanks to a line of less, barbaric princes’ than most local provinces possessed, Moscow was by this time the strongest as well as the most nearly progressive state in Rugsia. In 1380 Simeon the Pioud, foremost of the Muscoyite princes, aroused his subjects to rebel against thelr Mongol masters. The Horde crushed the revolt, burned the city of Moscow to the ground dnd put thousands of its citizens to death by torture. , This put an end fo the hopes of national Indepe nee until, in 1462, Simeon’s grandson,-Ivan-IIl. (“The Great’) came to the throne. . Ivan was « man of strange character, If he had lved 400 years later. he would haye been an {deal polttical boss. He realized the desperate’ con- dition of his country, the strength of the Mongols, the division of Russia into many petty and weak states. Where others had been content to accept affairs as they found them or to stir up {ll-tlmed insurrections, this fifteenth century politician went to work along a different line. By wheedling, intrigue and clever diplomatic tricks, he annexed to Mos- cow the stronger Russian states and by force of arms subdued the weaker, until he had gathered about hini a powerful confederacy, ail subject “to Mos- cow and to himself, In other words, he had consolidated Russta Into an au- tocraey.-And-lvan-was-its_autocrat,_Ho-strengihened his position by mar- rying a niece of the last of the Byzantine Emperors and took for Russia's royal emblem the Byzantine standard of the Double Eagle. He was firmly intrenched in what was virtuully an absolute despotism when, In 1478, the Great Khan of the Mongol Horde sent for his formal allegiance. A band of Mongolian ambassadors arrived at Moscow, bearing with them the Great Khan's portrait. To ‘this picture Ivan was expected to prostrate himself publicly in abject homage... But he had long been plan- ning for this very occasion. In the pred ‘e of his court he hurled the Khan‘s portrait to the ground, spat on ft and ground it to atoms under hia heel. Then he had all but one of the scandallzed envoys put to death fn an extremely painful fashion, and sent the sole sur¥ivor of the murdered em- bassy back to Asta to tell the Khan what had occurred. ‘ This roused the whole Horde to a fury of retalfation. Ahmed, the Khan, ratsed-a great army—and- marched on-Russta-to repeat- his tribe's «. earlier triumphs. But Jt was a different Russia 4 he-attacked-from the disorganized, cowed country of a few years before. Also, owing to internal and Barbarian. 2 dissensions in the Horde, {t was a less powerful, ~~ less united force of Mongols who made this new invasion, Ivan's army met Ahmed's troops on the banks of the River Oka. The Mongols retreated in panic and Russia was free, Having rid his land of its tyrants, Ivan tried his best to free {t also from the heavier yoke of Ignorance and barbarism. But here he was less success- |. The blight had struck too deep for any one man or one century to ¢r# te it. d better as ft and soldier than reformer. . He brought:to Moscow architects, artista and scholars-from more enlightened countries and strove to interest his subjects jn-learning-and- progress, He also made. Rusala to some extent.a haven of fuge for victims of religious persecution. In view of Russin’s present atti- tude on such topics this tolvratton seems scarcely” credible. “Ivan would not take the title of Emperor, calling himself instead the ”'Grand Autocrat.” It rematned for his grandson, Ivan IV. (nicknamed ‘the Terrible" ), to ortgi- nate the Ute of “Czar, which is the Russian form_of “Caesar. ~~ In 1505, after a relgn of forty-three years, Ivan the Great died. He had found Russia an enslaved, helpless collection of rude principalities, .He left it free and united. He had, further, increased. the boundaries of its territory almost fourfold and, had done all that man could do to bring the light of edu- Bere era a eT yay Ores _ The Bluffer in Love. By Nixola “Greeley-Smith. HE mysterious death of Leonidas Preston, which ree —Yented—that; though claiming —to—he—a—mittiona ire hie affairs were so embarragned as to give color to the suggestion of sulcide entertained by-his business associates, ” ts another-instance of—the power of “bluff,” partieul. n winning a woman—for the !maginary Croesus had do: Bed Ak VOU RaleRWORRM by Nis tales Or Weal and po J noaded fer to become hls wife. a cet Now that the fabled millions hnve melted before the tragedy of Meath, the young widow finds herself decelved “and disappointed as no woman who bases her happiness on the Jo oor ae SNe teoanother “victim ot the “Kreat New" York” game of “pluft’ that ro _many.men play and a fet win at. a vs In some respects blufing, apart from {ts lack of moral R fineness, is a good game. It im almost always the shortest road to Whether In business or In love. It takes the straightforward maap.tulch os lang.towin.as it dass.the nhiffer. Busbe bos tbl advantage that what he-has won_is his forever, being established on the. solid..cround of truth land contd not on a quicksand of falsehood and deception, Love gives some few women a second alight that enables them to penatrate the gubterfuges-of- man, if-he attempta.them, but -much-oftener it. blinds: them allogetlier. «A] Woman I#-not-aitogether-a-victim-who-marrtes-x man because aie thinks him wealthy and finds that he has decolved her in that respect. For. Is the-only ight motive for marriage, ax every woman Knows instinct! if she marries-for anyother reason he defaulta as. much. in-Jove-ast of Imaginary millions does in money, It-ix in: a measure-the-fault-of-women that-so-many men wish to appear cher than they are, For any iman would rather win a woman's loye through own worth than buy {t with glittering promises and boaats.: !¢ women had not atich a manta for luxury, Weak men would not develop the passion for lying about thelr possessions. The craving for money beyond what 1s necessary to ordinary. gomfort 1s the silliest any man or woman can Indulge, That #0 many’ women sacrifice love to it is the reason that so many men make almilar holocaust of the truth. Whdre the truth can win, few men are foollsh"enough to ile. And the crimes of the man Dluffer in love are in some measure chargeable to the mercenary woman, ia Clash of Poltichan —___+$.___ Jove college.) (Prot, Henderson, of the Universty of Chicago, advocate For, coached by each poet, -we know It and show It— Must grow all uncultured—recelves a brisk shove, The College of Love. By Walter A, Sinclair. LESSER professor would not be poss F A Of such a bright thought a ‘enderson thought, The blight of the notion that love can’t be taught. That notfon—devotion as deep aw /Mie ocean For here's one who teaches the reaches for peaches— The Male Course, of course, of the College of Love, The acholara with hollyra will pass In the dollars To get in the classes of thin née College; In clauses where lasses, and widows and "grasnes" ” i WII help them acquire thelr right share of knowled, ‘There blushing and gushing and crushing and mushing, ‘All these we can learn when they try tuo new plan; And who blamed the dames who would learn how one tames With .w glance of the eye e'en the awfulleat man? ‘The pldgy and ducky and mucky talk trucky "= Are’ found “in the-lahg All love-students learn, And ‘figgers' thought-diggera will study Mke wigmers, Each pair holding hands \white the arteries churn, Arms placed to.save i They will atudy the saving ‘of gas, ashory a iniorea oh, bias! thy i Bere gel ogo. atudent! will ay