Newspaper Page Text
2
FORMER CRISES
IN STOCK MARKET
“Black Friday" In Some
Ways Most Famous.
.NEW YORK. October 29.—(Special)
Now that they have had time to catch
heir breath Wall street men are fig
uring why it was that last week’s col
lapse in the stock market was accom
panied by so few failures. That the
collapse did not result in a panic, with
the consequent failure of many stock
brokerage houses, may doubtless be
attributed to one cause, namely, that
the public was not in the market.
To go no further back than 1903
it is found that declines much less
than those of last week brought dis
aster to a number of stock exchange
houses. In July of that year a sharp
decline of prices on the 21th of the
month, following a. long period of
liquidation, forced the suspension of
two stock exchange houses, and
these were followed three days later J
by another. The failure of Talbot J.
Taylor & Co., one of the three, w-as
connected with the losses incidental
to the disastrous end of the Keene
pool in Southern Pacific, and too large
Interest in more or less unmarketable
securities was assigned as the reason
for the suspension of W. L. Stow &
Co. and E. S. Hooley & Co., the two ,
other firms.
Panic of 1901
The panic of May 9, 1901, finds its j
idequate explanation in the Northern j
Pacific corner resulting from the I
light between the Hill and Harriman
forces for the control of that property,
and in the necessity of selling other
securities to meet the situation devel
oped by the corner in Northern Paci
fic. I-osses in that stock were made
good by sales of other securities, and
it was all done so precipitously and
with such dread of the result of the
struggle over Northern Pacific that
values crumbled away.
The extreme weakness of the mark
et inNovember, .1890, was attributable
:o several unfavorable developments
not the least of which was the news I
v the Baring failure, which became j
snown on the loth of that month.
During the same month a number of
failures occurred here, although the
declines were not as severe as those
which have taken place in recent
weeks. It was in November, 1890, that
Decker, Howell & Co., failed, and sev
eral less important failures occurred*
in the same month.
September, 1873, is remembered as
one of the most disastrous months in
the history of the stock exchange. It
was on the 20th of that month that
conditions became so bad that the au
thorities of the stock exchange closed
the institution for ten days. On the
same day trading on the stock ex
change was suspended at the height
of the panic, but not before a score or
■more of houses had gone to the wall.
“ Black Friday*’
Probably the most famous of all the
panics that as one time or another
have seized the financial community
in this country was “Black Friday,”
September 24th, 1869. For this the
Fisk-Gould corner in gold was res
ponsible.
A clique of speculators, including
Jay Gould and James Fisk, got con
trol of the bulk of the gold in the
market, gold at that time being a com
modity. On the eventful Friday morn
ing gold was quoted at 1 NO. The
price was forced upward until it
touched 162. At this jioint the U. S.
Treasury came to the rescue and
-sold first a million at 162, and then
sold at 161 and Kid. “The Treasury
is selling” ran over the crowd around
the gold board and dozens rushed to
sell. In a few minutes the price of
gold had dropped to 13.*> and the bub
ble was punctured. A number of
7i> ins failed and the Gold Exchange
lank suspended. The effort to ror
ler gold is considered one of the most
Taring conspiracies in the history of
the stock market, it was claimed by
Gould that the Treasury department
had agreed not to sell.
Hard Times Hi Kansas.
The old days of grasshoppers and
drouth are almost forgotten in the
prosperous Kansas of today; although
a citizen of Codell, Earl Shamburg,
has not yet forgotten a hard time he
encountered. He says: “I was worn
out and discouraged by coughing night!
and day, and could find no relief till
I tried Dr. King’s New Discovery. |
It took less than one bottle to com- j
iletely cure me.” (The safest and !
aost reliable cough and cold cure and j
ung and throat healer ever discover
ed. Guaranteed by Eldridge Drug
00. into.
“Can’t get your money from him,
-h Why, he must be regular dead
neat.”
“No.unfortunately lie's very much
alive. If he were dead I might be able
■‘o collect from his estate.”
FALSE IDEAS OF
HOME ECONOMY
Thrifty Housewives May
Overreach Themselves.
1
LONDON, October 29. (Special)— j
A writer in the Express is inclined to j
criticise the “thrifty” housewife who |
scrimps and saves, and then invests
the savings in some unnecessary ar- j
tide. Rather, says the writer, the j
economy would be in a more liberal
j expenditure and a doing without the
extras.
The art of saving is thus discuss
ed :
“There is no doubt that in many wo
men the passion for saving small
sums in their housekeeping expendi
ture not only puts their victims to j
great discomfort, but often when car- j
ried to the extent of economizing in j
food and firing becomes actually de- !
trimental to the physical well being
of their husband and children.
False Economy
"Where the income is so limited
that this rigid economy is absolutely j
necessary in order to keep the ends ]
within hailing distance of each other, j
it is another matter, but in many j
cases the economizing is done merely j
to gratify the housewife’s own special j
whims. There are some women who
appear t odevote all their leisure mo
ments to devising new schemes where
by they can save a penny on each
weekly book, and when tlie pennies
thus saved have sufficiently accumla
ted, it affords them the keenest joy to
purchase therewith some totally un
necessary piece of furniture or other
outward and visible record of their la
bors. They regard it as a symbol of i
wifely, self-denial, utterly regardless
of the number of burnt fingers, not to
mention the wear and tear of nerves
and temper, which have resulted
from the use of cheap foreign match
es, or the chills which the children
have contracted because they were
sent to school in cheap shoes, instead
of sound, water-tight boots, nor the
| illness augmented and prolonged be
! cause a bedroom fire was grudged in
j mid-winter.
Deafness Cannot Be Cured
by local applications, as they cannot
reach the diseased portion of the
ear. There is only one way to cure
deafness, and (hat is by constitutional
remedies. Deafness is caused by an
inflamed condition of the mucous lin
ing of the Eustachian Tube. When
this tube is inflamed you have a
rumbling sound or imperfect hear
ing, and when it is entirely closed,
deafness is the result, and unless the
Inflammation can be taken out and
this tube restored to its normal con
dition, hearing will be destroyed for
ever; nine cases out of ten are caus
ed by Catarrh, which is nothing but
an inflamed condition of the mucous
surfaces.
We will give One Hundred Dollars
for any case of deafness (caused by
catarrh) that cannot be cured by
Hall’s Catarrh Cure. Send for cir
culars free. F. J. CHENEY & CO.,
Toledo, Ohio. Sold by all druggists,
75c.
Take Hall’s Family Pills for con
stipation. lmo.
Ice Men Have Hay
NORFOLK, VA„ October 29.—(Spe
cial) —Tomorrow is ice man’s day at
the Jamestown exposition. From all
over the country manufacturers, deal
ers and handlers of the frozen water
will congregate on the grounds of the
big fair to take part in the elaborate
program arranged for National Ice
Carnival day.
The program also includes a series
of ice handling contests, in which
men employed by ice companies in
various cities of the country are en
tered. Medals will be awarded to the
winners of the contests by the exposi
tion management.
Tobacco (Jrowers Convene
SHELBYVILLE, KY„ October 29.
(Special)—Members of the National
Tobacco Growers’ association, an or
ganization composed of planters from
Kentucky, North Carolina, Maryland,
Virginia, Tennessee. Ohio, Indiana and
Wisconsin will convene in Shelby
ville tomorrow for a session of three
days. The association is affiliated
with the American Society of Equity,
a co-operative body of farmers, and
for several years has waged a deter
mined warfare for the organization of
tobacco growers to secure higher
prices for their product.
Piles Cured In 0 to 11 Days.
PAZO OINTMENT is guaranteed
to cure any case of Itching, Blind,
Bleeding or Protruding Piles in 6 to
1 i days or money refunded. 50c.
Mon, Wed, Fri. j
THE AWERICUS DAILY TIMES-RECORDER, WEDNESDAY, OCTOBER 30, 1907 *
WOMEN MUST WALK
PATH 10 MISERY
“Affinities" Foolish Terms,
j
Says Defendant.
NEW YORK, October 29 (Special)
—Affinities, soul mates, divorce and a
charge of a juryman flirting with the
defendant were mixed up in the suit
of C. R. Burnett for an absolute di
vorce from his wife, tried before Su
preme Court Justice Giegerich, and in
which the jury was unable to agree.
Mrs. Burnett was beaming over
with joy as a result of the disagree
ment, and declared it a victory for
her. She said:
“I think it very wrong to apply such
term as affinities and soul mates in
separation suits or other instances.
There are no sucli things. It is stupid,
foolish and ridiculous to bring these
terms into such serious cases as sep
arations.
Actions Misunderstood
“I know my marriage vows, and I
respect them. Now, is it right for
people to misconstrue the meaning of
a woman when she is trying to make
herself a good fellow with her hus
band’s friends and for his sake?
“But this will continue so long as
the men have so slight a conception
of honor. A woman must walk a
strait, narrow path that leads her to
misery and despair, driving all happi
ness from her patch.
“There is too much of this misun
derstanding of women. It is what
leads to crimes and unhappiness. Un
til our enemies stop talking on inno
cent pranks of women and men, too,
this condition will exist.
Juror Denies Flirting
Norman Tauber, the eighth juror,
who was excused by consent last
Tuesday, was asked to explain his
conduct. He said:
“The story of my flirting with Mrs.
Burnett is a lie. I never looked at
her. Why, I’ve been married only
seven months and my wife looks pret
ty good to me. I have no eyes for any
other woman.”
“THIRD TERMERS”
WANT FEDERAL PIE
WASHINGTON, D. C„ October 29.
(Special)—There is a great deal of
third term talk around the executive
offices. Many public men and politi
cians call to see the President, and
with two or three exceptions all of
them boom him for another term.
The most notable exceptions were
Senator Knox, of Pennsylvania, who
is a candidate for the Republican
nomination himself, and Robert Owen,
one of the Democratic Senators re
cently elected in the new State of
Oklahoma, and Senator Warner, of
Missouri, who while once a third
term boomer, is now convinced that
Secretary Taft will be the choice of
the Republican convention in 1908.
Invariably the men who insisted that
public sentiment would result in the
nomination of the President called at
the White House to ask for a piece of
Federal patronage.
Gov. Hoch, of Kansas, said there
was no doubt the President would be
nominated next year whether the ac
tion of the convention would be satis
factory to him or not. “We are all for
the President for a third term,” he
said. “Furthermore, we will run it
over the national convention like a
herd of Texas steers. All we want him
to do is to say nothing and we will
take care of the rest. If he refuses
to keep quiet, we will try mighty hard
to force him to take the nomination
anyway.”
No False Pretense
has marked the career of Ely's Cream j
Balm. Being entirely harmless, it is i
not responsible like the catarrh snuffs
and powders, for minds shattered by
cocaine. The great virtue of Ely's
Cream Balm is that it speedily and I
completely overcomes nasal catarrh
and hay fever. Back of this statement
is the testimony of thousands and a|
reputation of many years’ success. All j
druggists, 50c., or mailed by Ely 8r05.,!
56 Warren Street, New York.
“After all,” said Morrell, “the Al
mighty Dollar is man's greatest en-1
emy. it is responsible—” . j
“If that's true,” interupted old Rox
ley, “I guess that young wife of mine
simply loves me for the enemies I’ve
made.”
Piles! Piles! Piles!
William’s Indian Pile Ointment will
cure Blind, Bleeding and Itching Tiles.
It absorbs the tumors, allays itching at
once, acts as a poultice, gives instant
relief. William's Indian Pile Oint
ment is prepared for Piles and itching
of the private parts. Sold by druggists
mail 50c and SI.OO, Williams’ M’fg
Co., Props. > Cleveland, O.
Sold by W. A. Rembert.
A. W. SMITH FURNITURE CO.
*\
I
offer the largest, most attractive and varied assortment in each line
they have ever had in stock, embracing Chamber Suits in Mahogany
and Oak. Chiffo-Wadrobes, Odd Dressers, Dressing Tables, Lad
ies Desks, Library, Center, Parlor and Dining Tables, Hat Racks,
Sideboards and Buffets Rockers in Oak, Cane and Mahogany.
In leather goods the handsomest Davenports Couches and
Chairs ever shown in the city. Iron Beds and Cribs- Hand Painted
L hma and odd pieces, as well as decorated and white china, our own
importation, which means best goods for the least money.
Japanese and Bohemian Vases, Cut Glass, stock largest and
best at lowest prices- Window shades, Hanging and Stand Lamps
as well as all House-furnishing Goods.
Os course, Whitney’s Go-Carts, as every one knows that they
are the best.
Call in and see the best stock ever offered in the city and at
prices which will please you.
•r
\
A.W. Smith Furniture Co,
Cor. Jackson and Forsyth Sts, Americus, Ga,
The Difference in
Ederheimer-Stein
Clothes for Young Men
IT’S individual ability and
effort that enables one
athlete to beat the others
in a race. '
It’s more skill, better
ideas and exertion that
makes the distinction be
tween the product of differ
ent clothes makers that
accounts for the superiority
of Ederhe’mer- Stein gar
ments.
In no other make is so
much put into clothes that
appeals to your sense of
good taste and right style.
That’s exactly why we
sell them; why lots of young
men are buying them. It’s
time you came in.
Sizes 30 to 38
Prices sls to S3O
Rylander Shoe Co,
JOHNSON & HARSOLD.
Cotton WareSiouse
and Commission Merchants
AND DEALERS IN
Heavy Groceries and Fertilizers,
Plantation Supplies Furnished
on Reasonable Terms.
« MEN AND WOMEN.
Use Big « for unnatural
dnfcharKes,inflammations,
irritations or ulcerations
of mucous membranes
Painless, and not astrin*
gent or poisonous.
Sold by Ki nifßlsta,
or sent in plain wrapper,
bj express, prepaid, for
•1.00, or 3 bottles <2.7.1.
Circular tent ou request.
profsesional cards
SPhyatoianM and Surgaons*
Douglas B. Mavs, M. D.
Physician and Surgeon,
Telephone 479
J. WADE CHAMBLISS, M. D
Physician and Surgeon,
;Ameiicug, Ga.
OFFICE: —Allison Building. Phone 429.
Residence 115 Jackson St. Phone 451. Calls
left at M Laugnlin’s drug store, (Phone 98)
will receive prompt attention ,
DR. Q. T. MILLER,
Physician and Surgeon,
AMEBICUS. GEORGIA.
Special attention Riven to diseases ol wo
men and children and to general surgery
Office in Planters Bank Building.
R. E. CATO, M. D,
Physician and Surgeon,
AMERICrS, GEORGIA. •
Residence 316 Felder St Telephone 96
• Tenders his professional services to the
people of Amertcus and surrounding coun
ties. Special attention given to general
surgery, diseases of women and children.
Office 405 H Jackson street. Calls left at Dr.
Eldrldge’s drugstore will receive prompt at
tentlon.
1 — 1
C. fP, IDatf/s, 'Dentist,
Offlire Residence
lmes-Recorder B1 <t *lB Jackson Street
’ **ui»ne *®!. Rn utc urn
Jtttornty*.
I. N. MOTT,
Attorney at Law
Americus, Ga,
Office in Courthouse. 10 17
“ J AS A hjxoN,
Attorney and Counsellor at Law
AMKBICUH, (4BOBHIA
Office In Bvne Building
~A, HAWKINS,
ATTORNEY at law,
Americus Georgia.
Office in Wheatley^Building.
W, W. Dyke*. E. A. Nisbet.
DYKES & NISBET.
ATTORNEYS AT LAW.
Americus,^Georgia.
Planters ißank 1 Building.
j" CUPRAN R. ELLIS.
ARCHITECT.
Ellis Building—Cherry St. <SCotton ave
Macon, Ga
"rfsSSSs, Camp 202 W. O. W,
hSSgSfI Meets Ist and 3d Thurs-
A i A*Aik day in eaell month at
/afiLiCW Fellows Hall. All
visiting sovereigns in
good standing are cor
diadv .nviteal.
A. C. KEILY, Council Com.
J. H BEARD, ’Clerk.
LOANS.
Farm loans and loans on city
real estate negotiated at low
rates and on easy terms,
G. R. ELLIS, Americus, Ga.
The Exposition Route to
NORFOLK
Seaboard
AIR LINE RAILWAY.
“These arrivals and departures, is
well as time and connections with
other companies, are given as infor
mation and are not guaranteed.”
Shortest, Line Between
and Savannah. / " ■
Passenger Schedules Effective Aug
ust 12, 1906.
90 Meridian Time. All Trains Daily.
Leave Americus for Cor
dele. Rochelle, Abbeville, 12:32 p m
Helena, Lyons, Collins, Sa
vannah Columbia, Rich- 2:20 a m
mond, Portsmouth and
points east 5:10 p m
Leave Americus for Rich
land, Columbus, Atlanta, 8:43,am
Birmingham, Hnrtsboro, ami
Montgomery and points
west and northwest 3:08 p m I
Arrive in Americus from I
Cordele, Rochelle, Abbe- 8:43 ami
yille, Helena, Lyons, Col- I
lins, Savannah, Columbia, 12:55 ami
Richmond, Portsmouth |
and points east. 3:03 p® M
Arrive in Americus from i
Richland, Columbus, At- L'-# 1 P®B
lanta, Birmingham, Hurts- 2:20 ill
boro, Montgomery and I
points west and northwest 5:10 pm ■
Close connections at Cordele f° r H
all points north and south. At Co-B
lumbus for all points east, and at*
Montgomery for New Orleans} Mobile*
and all Texas points and the south-■
west and northwest.
Night trains have through Pullman®
buffet sleepers and coaches between®
Savannah and Montgomery. ■
For further information apply to ®
H. P. Everett, Agt., Americus, Ga. ■
W. P. Scruggs, T. P. A., Savannah. ■
Chas. F. Stewart, A. G. P. A., SafJ
annah.
if you want good home
Harness buy frofy ' 9
W.O. Barnet*
Manufacturer I
of all kinds of Harness. ■