Newspaper Page Text
DO YOU WANT THAT PIANO FREE?
Well, buy now. Or is it an Organ you want? Well, buy now, and maybe you will get it free.
The days are slipping away, and 1904 will soon be history. It will be historic, indeed, for you if you buy a Piano or an Organ from
LUDDEN & BATES SOUTHERN MUSIC HOUSE
AND FIND YOU DON'T HAVE TO PAY FOR IT.
That’s what somebody will have done when the
guesses are reviewed on Jan. 1, and it is ascer
tained who the fortunate person was who guessed
nearest the number of pianos and organs we sold during
the year 1904. During May the sales amounted to 228.
Can’t you estimate the total from that ?
Anybody who buys or has bought during 1904 a
piano or an organ from us will be entitled to a guess,
as will all other of our customers whose accounts may
be paid up to date on Dec. 1.
Buy now and guess now. Your chances are
diminishing as the days of 1904 that remain diminish.
LUDDEN&BATES
SOUTHERN MUSIC HOUSE
%
SAVANNAH, GA. TAMPA, FLA. VALDOSTA, GA. (Carter & Dorough). TIFTON, GA. (Carter G Dorough).
AT LAST TO BE
AMBASSADOR
WHITELAW REID’S AMBITION
WIU PROBABLY BE REALIZED BY
CHOATE’S RETIREMENT.
The Editor of the “Tribone” a. Lucky
Man Ait Hi* Life Save Twice—Once
He Failed as a Cotton Grower and,
aa All the World Knows, Once
When He Ran for High Office.
Choate’s Great Personal Popul
arity On the Other Side of the
Water—His Books, His Plctnres
and His Terra Cotta Statuettes ot
German Notabilities.
New York, Nov. 26.—Newspapers
whose correspondents'ought to know,
have been saying for a week that
Whltelaw Reid is to succeed Joseph
Choate as ambassador to the Court of
Edward VII.
These same newspapers are point
ing out the circumstance that whereas
Hay was once as an editorial -writer
on the Tribune subordinate to Reid,
Reid will now be subordinate to Hay.
For no one imagines that either Mr.
Roosevelt or Mr. Hay will change his
mind. Hay will surely continue as
Secretary of State.
Both Hay and Reid are Ohioans by
birth, but the metropolis has a big
claim on each, though the claim on
Held is much the stronger. Mr. Hay’s
residence in New York was not of
long duration, while Mr. Reid has
lived her# most ol the time since the
Civil War, his “legal" residence here
having been continuous ewer since he
first located In the town.
Most folk who have known Mr.
Reid’s career fairly well have the no
tion that be came here almost imme
diately after the close of the struggle
between the North and the South, but
he didn’t. Like Albion W. Tourgee,
who wrote “A Fool’s Errand” —who
ever thinks of him nowadays?—Reid
thought It would be a good thing to
fnake a fortune raising cotton. To
that snd he bought a plantation In the
houth snd put in two years or so in
the attempt to win It. But, again, like
Tourgee, he failed. This taught him
' *** on that thfi shoemaker learned
'nen he forsook his last; since then
LTII j* "tuck to Journalism, save when
caned upon to represent his country
on the other side of the water.
Mr. Reid la a nfan of commanding
-nptffiK have the *#-
eret of health
nd Strength.
There Is noth
log else near
)§ ’ IW".y* (11 res
IndlgcNt l*m,
I'lntuloiKv.
w Weak kidney.
TERS Hir
Try it
ability; no one could reach his posi
tion without it, but he is also a lucky
man. Only twice, Indeed, has his luck
failed him. Once when the army
worm destroyed his cotton plants and
once when he ran for the Vice
presidency. Asa student at Miami
University; as ’a newspaper publisher
in Xenia, 0., where he ran the
“News,” his first paper; as correspon
dent, first reporting the Ohio Legisla
ture’s doings, and later the battles and
movements of the Civil War and as
the successor of Horace Greeley In the
conduct of the Tribune, his luck has
never once deserted him. He was
lucky, too, in his marriage, both finan
cially and otherwise. His wife was
Miss Mills, daughter of D. O. Mills,
the financier; she brought him money
in plenty and their domestic life has
been almost ideal.
He is now 67, and bad luck must
hurry if it is even to overtake him.
Those who know" Mr. Reid well say
that he is a marvel as to self-control.
Every one familiar with the work
ings of a morning newspaper knows
that there are times when a lit
tle strong, unconventional language
seems to clear the atmosphere won
derfully. In the early days of his
control of the Tribune such times
used to come along pretty frequently.
But If tony one connected with the
Tribune ever heard the chief swear
the fact has never been recorded. Not
that he can’t be severe on occasion.
The contrary is true; Whitelaw Reid's
reproofs are greatly feared by the
men on the paper. Hete’s a little an
ecdote in point; Once upon A time
there was an editorial writer on the
paper whose long suit was an endless
flow of words. He could use up more
good white paper and more good
black Ink and say almost nothing
than any other man, on the paper.
Some of his articles were so long
drawn out that the Tribune’s edi
torial page was really damaged by
them. One day Mr. Reid called the
writer to him. The latter Mad no idea
what was coming,—no long-winded
writer ever had a notion that length
is a defect in his work—and waited
anxiously for whatever was coming.
Mr. Reid said, simply and gently, too,
for that nfatter:
, 'Mr. , I wish you’d write less
and think more in the future."
There isn’t the slightest doubt that
the writer would have preferred an in
terminable ’ string of genuinely sul
phuric oaths to what he actually got,
but the mildness of the rebuke didn’t
stand in the way of his reformation.
He did “think more" and “write less”
from that day forward.
No one who knows Mr. Retd thinks
his lack of violence due to lack of a
good healthy temper, though. They
think, rather, that he saw early in life
that to win the prizes he sought he
must control men, and that he realized
the necessity of controlling himself be
fore he began to try to control
others.
Unlike moat editors, Whitelaw Reid
is an excellent business man. It was
quite as much due to his business
ability as his editorial capacity that
he made the Tribune pay out despite
Its somewhat shaky conditions after
Mr. Greeley's death. The Tribune
counting room sees him rarely nowa
days, probably, but for soma years he
grave aa close attention to it as he
did to ths paper’s editorial policy.
Every day In those years he spent
some time In ths counting room, al
ways visiting It before he took ths ele
vator to his work in the tower.
In no sense a thick-skinned man,
Mr. Reid has nsvsr winced at the cari
catures of him that began to be
printed as soon as he was thought
worth the caricature's pencil
In this he is like the late Thomas
Brackett Reed lie area almost be
side blame if with glse when Harpor's
SAVANNAH MORNING NEWS: SUNDAY. NOVEMBER 27. 1904.
Weekly first caricatured him and to
the day of his death he kept a copy
of it, framed, in a conspicuous place
in his home. Mrs. Reed never liked
the caricatures of her husband and
often urged him to put this particular
one out of sight, but he always gloried
in It as proof that he really was a
factor In the affairs of the day. Mr.
Reid has always regarded writings
hostile to him personally in the same
light, which has been a good thing for
his peace of mind, since few men have
had to face more or bitterer personal
attacks than he.
No secret has ever been made of
Mr. Reid’s Intense desire to represent
the United States in England. It
was to England that he wanted to go
some years ago, when he was sent to
France.
Nor is there any secret in the fact
that Joseph Choate, the ambassador
who is to retire, will regret his retire
ment. He has enjoyed himself while
there to the top bent of a man with
far more than the average ability to
have a good time. Also, he*has made
himself more popular than any Amer
ican representative there since the la
mented James Russell Lowell. Much
of Mr. Choate’s popularity abroad has
been due to his speech-making and
story telling powers. Unlike many
who excel in forensic efforts he is a
first after-dinner speaker of the typ
ical American sort, and he cracks a
Joke with the same facility that he
denounces his opponent's client before
a judge and Jury.
Besides, though his wit and humor
are of the distinctively American sort,
which Englishmen sometimes either
fall to comprehend altogether, or else
do not see till some time next week,
he always has managed to put his
sharp sayings In such guise that the
English never have failed to “catch
on" promptly.
Asa diplomatist Mr. Choate has
been a success, though In one of his
speeches, delivered at the Thanksgiv
ing dinner held by the Americans in
London In 1899, he talked a little too
freely about the possibility of an An
glo-American alliance to pleaae Secre
tary Hay altogether. Mr. Choate was
made a doctor of laws by Cambridge
University the next year, and has had
many other honors showered upon
him by the British. Though some of
these were due, no doubt, simply be
cause he represents the republic, yet
he has received many more evidences
of consideration in England than
would have been his were he not per
sonally very popular.
Whether he will re-engage In the
practice of law after his return Is
problematical. If he does a big prac
tice will spring into being for him
with mushroom growth, of course. He
was counted “the leader of the New
York bar” when he went abroad, and
there will be no lack of eager clients
for him if he wants them.
When Mr. Choate was at the flood
THE CABLE COMPANY,
Largest Manufacturer of
Pianos and Organs in the World.
S. S. SOLLEE. Agent,
120 State Street, West.
CUT THIS OUT
This Is Good for $25 on the Purchase
of a Piano.
This Is good for $25 on the
Purchase of a Piano.
Mail Thl* to
LUDDEN & BATES ,
SaYannah, Ga.; Tampa. Fla.; Valdosta,
Ga. (Carter & Dorough); Tlfton, Go.
(Carter & Dorough), or deliver It to
one of our representatives, lUliiig In
the following blanks:
Name
Address
Date
The Offer Is Good Up to
December 1.
tide as a practicing lawyer he did
most of his work and study in a
smallish room where he surrounded
himself with the pictures and books
which he liked best.
There were four terracotta busts
kept on the mantle—Emperor William
I, Gen. Von Moltke, Prince Bismarck
and the Emperor Frederick. There
was also on the mantle a discrimi
nating but small collection of beer
mugs, while a big long-stemmed Ger
man pipe, painted with a German
country landscape, hung on the wall.
Most of his books were naturally
bound volumes, devoted to the law,
■but there were also a number of
Howells novels, James Freeman
Clarke’s "Common Sense in Religion,”
Horaces’ Odes in Latin, “Gil Bias” in
English, and the Noyes translation of
the New Testament—rather a strange
commingling. His pictures included
himself, and one of John Jay bearing
his autograph. Suspended on the wall,
too, was a pair of well worn boxing
gloves.
Some of Mr. Choate’s stories have
himself for their subject. Here is
on*:
In a certain case, in which he repre
sented an insurance company, that
charged the plaintiff with having set
fire to his own store that he might
collect the insurance, Mr. Choato
made poor headway at first. The
plaintiff was on the stand and Choate
was trying to tangle him up, without
avail. Suddenly one of the Jurors, a
German, broke in with the question:
"Veil, after you the store set fire to,
didn't you run owd, hay?”
Amid the laughter of everybody in
the court room, except the judge, who
had hard work to keep his face
straight, the plaintiff stammered an
admission. Choate followed this up
vigorously, of course, and won the
case. Afterward he shook hands with
the jurvman.
“How did you happen to ask that
question?” he queried. “It enabled
me to ivin the case.”
"Huh!” responded the Juror, In
dignantly. “You won dot case? I
done dot meinself!”
Choate's magnificent rhetoric Is at
least partly due, beyond doubt, to
his thorough knowledge of the Bible.
Rufus Choate was the first great law
yer of the family, and he often im
pressed the nephew in the latter’s
early years with the value of The
Book as a reservoir of English pure
and undefiled, as well as an epitome
of ail true wisdom, both human and
divine.
Mr. Choate’s tribute to his uncle
and to the Bible, In an address deliv
ered Just 'before he was sent to Eng
land as ambassador, is so fine that,
like certain famous passages in one of
Mr. Blaine's earlier speeches. It would
stand the "school book” test, if it had
the chance. Duane.
Even if you should chance not to get your piano
or your organ free, you will have the satisfaction of
knowing that you have bought from the most reliable,
the most progressive and the most famous music house
in the South. Every instrument that goes from our
stores is accompanied by the Ludden & Bates guaran
tee. That’s as good as a certified check on the Bank
of England. Ludden & Bates have done business for
forty years, and no better guarantee of reliability can
be offered.
This is not the only inducement we offer you to
buy now. If you buy before Dec. I the accompanying
coupon, presented to us, is worth s2s' to you when
you buy your piano.
This Is Good for $25 on the
Purchase of a Piano.
STOCK MARKET BEGINNING TO
SHOW SYMPTOMS OF INDIGESTION
Nothing Serious, But Enough to Give the Speculative
Stomach Periods of Disquiet.
' By W. G. NICHOLAS.
New York, Nov. 26.—The stock mar
ket is beginning to show frequent
symptoms of indigestion—nothing ser
ious like two years ago, but sufficient
ly so to give the speculative stontfach
periods of disquiet. For two weeks or
more extensive profit taking has been
going on and immense lines of securi
ties bought by the banking Interests
at lower figures have been unloaded
on a Set of new buyers. These new
buyers compose what Is called in the
street "eleventh hour bulls.” A curious
fatality impels many people filled with
the gambling instinct to wait until
a bull movement approaches maturity
before taking hold, thereby losing their
opportunity to make money and get
ting into the swim Just in time to go
through a sweat. Speculation in stocks
as conducted by a very large element
is inevitably a losing game because of
a determined effort on the part of
the pfayers to pay the highest pos
sible prices for the goods they buy.
In every other line of business the ef
fort is to buy cheap and sell high.
In stock gambling directly the reverse
Is the rule of the multitude. The mob
buyS at the top, stands a loss and
then lets go.
Aa Legitimate as Any Business.
Stock speculation can be made as
legitimate a business as merchandising
or maufacturing and those who make
It an occupation and study the game
as they would any other business of
tentimes reap splendid rewards. They
cannot, however, make the tfamble in
stocks incidental. To achieve success
In that direction requires wide, general
knowledge of business conditions and
the effect of certain movements and
currents in trade and finance, as well
as the proper trading instinct. With
out these success is Impossible and
those who engage therein would save
time and worry if they would take their
money and throw it In the furnace or
bury it. Outsiders, as a rule, have as
little chance to win in the great game
of stock speculation as a farmer has to
best brace faro or loaded dice.
Big Deala by Insiders.
The dominating feature of the stock
market for the last fortnight or more
has been realizing sales by insiders
who were shrewd enough to get pos
session of the great accumulation of
idle money In the New York bonks
whin Interest rates were very low and
with it buy stupendous lines of se
curities, a performance which was fol
lowed by manipulation on a grand
scale and a sensational advance in
prices. Now that Interest rates are
hardening and other uses found for
the Idle funds In bank this same
group of insiders are standing from
under. It la more than likely that a
largs part of the manipulative advance
in quotations will be held as business
conditions and restored confidence
warrant the Improvement. Experienced
people In Wall street very generally
anticipate some reaction, however, but
not important. The public Is new edu
cated to the current goats of quotations
and sees no good reasons for marking
down the prices of the goods.
It is of common expectation that on
any striking decline the inside or
banking element will again come to
the rescue of the market and prevent
unnecessary sacrifice. They have vast
‘bond flotations in hand, and the pro
cess of converting loans Into bonds
and selling them to the public Is aa yet
only partially finished. Less than a
year ago more than 1500,000,000 in new
Issues of bonds were in process of
manufacture and scheduled for flota
tion. Probably one-half of this amount
lias already been absorbed by investors
and the rest Is being worked oil rap
idly and without a hitch. Several
more months, however, will be required
to finish the Job, and it is, therefore,
assumed that no radical market dis
turbance will be permitted In the near
future.
Wall Street and the Cotton Crop.
Wall etreet takee Infinite satisfac
tion in the latest estimates of the cot
ton crop although publication of these
estimates was attended by sharp de
clines in the price of that staple. It Is
of common belief that the cotton rais
ers of the South are not heavy losers
by reason of this price shrinkage,
however, and that they were suffi
ciently forehanded to sell their prop
erty at good prices for future deliv
ery. So far as can be learned the
bull element In cotton has been wide
ly scattered and there is no concen
trated party to stand in the gap and
suffer losses, such as fell on Sully and
others of his kind who tried the im
possible a few months ago.
The best information which has
come in from the South for weeks has
been in support of the theory of a
huge yield and large reserves likely
to come into view later on. This has
made experienced operators chary of
bull commitments, however, much
their inclinations might lead them to
pull for higher prices. Cotton is tak
ing on some of the features of a
gravity market, a situation In which
dead weight figures largely.
Hie Campaign In Sled.
The campaign In Steel stocks car
ried “big Steel” to within 10 points of
the highest quotations established at
the bight of the boom two years ago.
The figures ruling lately have been
about the level at which the grand dis
tribution of syndicate stock waa made
by Mr. Keene and also' by the wisest
of the Insiders In the trust organiza
tion. Widows and orphans and milli
ners and grocers and barbers do not
appear this time aa buyers, aa they
did before, and there seems to be no
likelihood that they will. The great
army of aemi-profeaelonala has taken
the place of the "chicken feed" ele
ment and "tin pall" Investors, as the
little people are sometimes contemptu
ously called by the smart boys down
in ths Street. Among these semi-pro
fessionals are great numbers of men
actively engaged In ths Iron and steel
business. These people are, as a rule,
very bullish on trade conditions and
can only aes one side to the market.
Advaave la Indaalrlale.
The advance In industrials has been
marked by ths return to New York of
hundreds snd theuaands of manufac
turers who flocked her# three years
ago, remained a year and then disap
peared. They congested some of the
big hotels and for many months the
Waldorf-Astoria was a continual re
union of iron and steel men who had
sold out their plants to trusts and
combines and move to the metropolis
to spend their money and see high
life.
Times are now not so Joyous as they
were formerly and the number of vis
itors of this class is not large, but a
goodly proportion of the original in
vaders are back smiling and buoyant.
They are not so prodigal in their ex
penditures os before and freely con
fess in most Instances they were trim
med financially during the big slump
In stocks. They are a game lot, how
ever, and many are In a fair way to
recoup their losses.
“Cats and Dags” In the Street.
"Cats and dogs” have been much In
evidence in Wall street lately. The
odds and ends have been footballed
about the arena with great energy. It
has becoma quite the habit for bob
tailed pools to take hold of dormant
stocks and run them up 6, 10 or 16
points, create speculate excitement In
the stuff and then unload, leaving the
burden on the latest arrivals. Many
of these "cat# and dogs” are not worth
the Ink and paper entering into their
construction, but gullible people In
great numbers are found who will pay
good money for them. There seems to
be no way of getting rid of these kind
of securities ones they are distributed
and they remain to afflict the market.
They are only heard of in great bull
campaigns when everything on the list
moves up. For twenty-three months
out of every twenty-four they are dead.
Money Lenders Raising Rates.
The money lenders are taking ad
vantage of evetfy circumstance to
raise their interest rates. Treasury
withdrawals and gold shipments have
been the main excuse lately for putting
on the pressure, although much Is
made of the argument that later on
money will be verT much dearer by
reason of an enlarged demand for It In
the business expansion which every
body seems to think will distinguish
the coming year. Borrowers became
so accustomed to 1 and 2 per cent, call
money and 3 and 4 per cent, time
money that anything above those fig
ures creates excitement and spasms of
alarm among speculators.
The Leather filmic.
The clique which Mbs been running
a deal in Leather common is showing
signs of fatigue. In putting the price
up to sl6 over 300.000 shares were ac
cumulated by the pool and the unpleas
ant discovery is made that buyers are
scarce. Once before young Mr John
D. Rockefeller was caught with a hug*
line of this stuff at the end of an un
fortunate campaign. The same young
man is supposed to be behind the pres
ent movement, although he is not alone
In the play this time, according to cur
rent report.
The Gaaaenheluis' Lead interests.
The Ouggenhelms are energetically
pushing the construction of their white
lead works In Perth Amboy, N, J.
and Granite City, 111., and wlli have
them completed In a few months. When
done these works will duplicate the
capacity of the National Lead Com
pany. The rivalry between these two
concerns Is taking the form of a bit
ter trade war and specialists in ths
business look for a big stump In Lried
shares. Negotiations for a merger be
tween National Lead and United Btates
lyead appear to be permanently off. al
though the management of the Na
tional sometime ago signified a willing
ness to enter Into a combination on
terms it had previously rejected. The
Ouggenhelms, however, had In the
meantime expended several hundred
thousand dollars on their new works
and refused tv pay head is evert urea.
7