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The Bolivar bulletin. (Bolivar, Tenn.) 1888-1946, June 14, 1901, Image 1

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BUL1
H
VOL. J&XVI-NO. 45.
BOLIVAR, TENNESSEE, FRIDAY, JUNE 14, 1901.
SUBSCRIPTION: $1.00 Per Year
n
u
:
BOLIVAR
r TinnT
AWEEKS H
All the News of the Past Seven
Days Condensed.
HOME AND FOREIGN ITEMS
News of the Industrial Field, Persona
and Political Items, Hapinings
at llome and Abroad.
THE XEWS FROM! ALL TILE WOELD
DOMESTIC.
All the machinists on the Pere Mar
quette (Mich.) railroad system went
on strike for a nine-hour day with
ten hours pay.
Firebugs tried to burn McConnells
ville, O., by starting1 several fires in
the business part of the town.
The State bank of Indiana at In
dianapolis has voluntarily :losed
business.
Gen. Ballington Booth denied that
the Volunteers ox America and Sal
vation Army are to unite.
Mrs. McKinley showed more im
provement than any ilay since her re
turn from California.
Senator McLaurin, of South Caro
lina, withdrew his resignation in def
erence to Gov. McSweency's request.
Manufacturers of collars and cuffa
are to form, a trust with a capital
stock of $20,000,000.
Marshall Oakes, of Metropolis, 111
was fatally shot by a saloon keeper,
whom he killed.
Thieves who robbed the First na
tional bank of Mineral Point, Wis., ol
$25,000 hid $8,000 under sidewalks,
which was found by boys.
The Fairmount hotel at Bristol,
Tenn., was burned. Loss, $105,000.
W. II. Newman, head of the Lake
Shore road, has been elected presl
dent of the New York Central.
The confederate soldiers' home at
Atlanta, fla., has been opened.
Edward Forshay, an actor, mur
dered Edna May Stokes, an actress,
in Chicago.
The Volunteers of America wLl es
tablish a big settlement in Georgia
for the benefit of poor families ol
cities.
Reports from all parts of Kansas
indicate that the wheat crop is in an
unfavorable condition.
During the 11 months of the cur
rent fiscal year 42,399 names of sol
diers have been added to the pension
roll.
Eight men were killed at the Chapin
mine in Iron Mountain, Mich., by an
explosion.
The president's cabinet has unani
mously decided that existing qondi
tions do not warrant the calling of an
extra session of congress.
Cornell won the intercollegiate ath
letic tournament at the Buffalo expo
sition, Chicago university second.
The steamer City of Erie beat the
Tashmoo in a race from Cleveland tc
Erie.
Justice Wilkin has been elected
chief justice of. the Illinois supreme
court.
A Congregational council at Grinnell.
Ia., declared Prof. Ilerron guilty of un
christian conduct in deserting his fam
ily and ordered his name stricken from
the roll of the church.
The president and trustees of Mon
mouth (111.) college resigned their
places to end a two years' fight con
cerning the management.
The cruiser Dorothea, given to the
state for training the Illinois naval
militia, arrived in Chicago from Phila
delphia. A switch engine at Atlanta, Ga., ran
into a passenger train, killing three
persons and injuring 16.
A man supposed to be R. G. Bidwell,
of Jacksonville, Fla., jumped to his
death from the Brooklyn bridge.
The fire losses of the United States
and Canada for the month of May
were $22,380,150, against $15,759,400 in
May last year.
The cup defender Constitution was
wrecked in a trial spin off Newport,
R. T. The crew escaped uninjured.
In session in Minneapolis the Na
tional Woman's Suffrage association
elected Mrs. Carrie C. Catt presi
dent. Senator Tillman has withdrawn his
resignation as senator from South
Carolina.
Fire at Pollock, La., destroj'ed near
ly all the business houses, churches,
the post office and hotels.
Mrs. Harold Erickson, aged 35, and
her sister-in-law, Miss Ella Erickson,
were killed by the cars in Beloit, Wis.
James Stacey, an engineer, aged 51,
in a fit of insanity killed his wife and
daughter, aged 18, and then shot him
self to death near Macon, Mo.
William xrnell, Jr.. of Beaverton,
Mich., while drunk killed his daugh-j
vr, fatally wounded his wife and
wounded two sisters and a brother.
Two West Point cadets were dis
missed for making false statements
to get permission to leave the post.
Twenty tons of powder were de
stroyed by fire at the Mare island
nav- yard.
Lawyers will get $1,500,000 fees in
settlement of the Fair estate in San
Francisco.
Chicago was the center of a violent
Storm of lightning, wind and rain.
Many persons were stunned by light
Ding and much damage was done.
Charles Ilaverson was hanged at
CTestville, Miss., for the murder of A.
A. Ammonds.
A gang of five tried to hold up a
Burlington limited, en route to Min
neapolis from Chicago, but was foiled
by the quick wit of the engineer.
Dowie escaped indictment by the
grand jury in Chicago because there is
ao law bearing on his case under wnich
I conviction could be secured.
DTHEKWISE UNNOTICED.
Robert M. Johnson, of Des Moines,
la., was drowned in Old Mexico.
Lloyd Sheer, aged 19, was drowned
while swimming at Quincy, 111.
Oliver Crosier and Emil Bergdorf
were drowned at Akron, O., by the
overturning of their boat.
The William J. Bryan league, of Chi
cago, hag disbanded.
The Mystic Shriners are holding
their twenty-seventh annual session at
Kansas City, Mo.
The Hebrew free and industrial
schoorsoon will establish a co-operative
colony for children at Leclaire,
Jll. . "
Dr. W. II. Daly, formely on Gen.
Miles' stnlT, whose report led to the
embalmed beef investigation, commit
ted suicide at Pittsburgh, Pa., Sun
day. At Clinton, Mo., Sunday, the Wood
men of the World unveiled a monu
ment to the memory of Clark Hutch
inson. The Chicago university is inaugura
ting branches abroad to accommodate
the children of parents traveling in
Europe.
The chief of the weather bureau
ridicules the idea that crops may be
saved from hailstorms and frost by
the use ol cannon.
A young farmer at Ivesdale, 111.,
has just found his mother, from
whom he was stolen when he was a
baby.
Julius Guederian and wife and Mrs.
Nicholas Kolle were drowned at Du
buque, la., by the upsetting of a
skiff.
An American, robbed by three men
while on a train in France, pursued
the thieves, who jumped into a river
and were drowned.
Two young women have been ap
pointed as captains of the Sons of
Confederate Veterans in Indian territory-
The headless body of a woman,
about twenty years of age, was
found in a lonely spot near Chelms
ford, Center, Mass.
The works of the Menasha (Wis.)
Wood Split Pulley Co. were burned to
the ground. The loss is $50,000; in
surance, $20,000.
The Union Broom Co.'s warehouse
at Tuscola, 111., containing 120 tons of
broom corn, was destroyed by fire;
loss, $10,000.
Three teachers who graduated at
the Southern Illinois State Normal
university, at Carbondale, will leave
in a few days for Manila.
Officers of the Southern Illinois
Soldiers' and Sailors' association will
meet at Centralia to fix the time and
place for holding the annual reunion.
Washington police do not believe
that the. woman who passed worth
less checks in St. Louis, last August,
is the Mrs. Ida Bonine who is now in
jail in Washington.
It is announced from Washington
that the government will take active
steps to have the St. Louis World's
fair advertised in foreign countries
through consuls and legation at
taches. Count Von Waldersee, who arrived
at Yokohama, Sunday, on the German
cruiser Hertha, from Taku, landed
immediately and proceeded to Tokio.
Charles Meyers, a carpenter 40
years old, was found dead in an aban
doned quarrj', at St. Louis, with a bul
let hole in his heart.
VALUE OF THE PHILIPPINES.
Gen. Fred I). Grant, In a Published
Article, Talk of the Value of
the Philippines.
New York, June 10. In an article
in the coming issue of Leslie's Week
ly, Gen. Frederick D. Grant will say
that the value of the Philippines to
the United States can not be overes
timated.
"It will," Gen. Grant says, "increase
with the development of the islands
and the growth of our trade with
Asia. It is greatest, therefore, from
a commercial standpoint, but is re
markable also as a strategic basis in
time of war.
"A man with" a small income can
build up a competence there more
readily than in this country, and the
field is full of opportunity for the in
dustrious and thriftj-. The soil is
capable of supporting three times the
present number of inhabitants and of
doing it much better than they are
now supported, when there are bet
ter facilities for transportation.
RECEIVED BY KING AND QUEEN
Special Moorish Ambusador and
Suite Received by King Edwa J
and Queen Alexandra.
London, June 10. King Edward "and
Queen Alexandra received the special
Moorish ambassador, Kaid-el-Mehedi-
el-Menebhi, and his suit at St. James
palace, in the presence of Lord Lans
dovvne, the foreign secretary, and a
number of distinguished people. The
envoys were driven in royal carriages
to the palace. They were accompa
nied by Kaid MacLean, a Scotchman,
who is head of the army of Morocco.
A MINE PUT OUT OF BUSINESS.
Fire In the Luke Fidler Colliery at
Shamokin, Pa., Has to Be
Drowned Out.
Shamokin, Pa., June 10. The re
which broke out in No. 4 slope of the
Luke Fidler colliery, Saturday morn
ing, ignited several large bodies of
gas, bunday, causing tne names to
spread so rapidly that the fire got be
3rond control. The officials had all
the mules hoisted from the shaft and
Coal Run creek was turned into the
slope. It will be several months be
fore the shaft can resume. One thou
sand men and boys are idle.
UEDY II
Mrs. Lulu Prince-Kennedy Again in
Court, But Apparently Suffer
ing From Weakness.
THE STRAIN PROVING TOO MUCH FOR HER.
More Evidence Adduced Tending to
Show that the Klllina- mt Kenne
dy was Premedlated, and that the
Woman was Spurred On by Her
Relatives.
Kansas City, Mo., June 10. Lulu
Prince Kennedy had recovered suffi
ciently from her breakdown of Satur
day to sit in court and her trial for
the murder of Philip II. Kennedy was
resumed. The prisoner was pale and
appeared entirely worn out. It was
only with great effort that she kept
her eyes open, suffering apparently
from extreme weakness.or the effects
of sedatives given to produce sleep.
Attorney Nearing, for the defense,
expressed the fear that she would not
be able to continue tjje strain for any
length of time.
l"he witnesses produced by the
state were examined in an effort to
prove that a conspiracy to kill Ken
nedy was hatched and carried out by
the woman, the woman's father, two
brothers and herself.
Jack Caldwell testified to a con
versation with Will Prince on the day
following his sister's marriage at the
courthouse to Kennedy, at which
ceremony Will Prince and his father
were present. Will had related the
scene at the courthouse to witness
and told of Kennedy's saying, when
friends congratulated him: "I will
not be a live man tkree weeks from
to-day." Prince had retorted: "Well,
you have prolonged your life by this
marriage," Prince had also admitted
to witness that the marriage had
been forced upon Kennedy. Then,
later, when Prince and his father had
called at Kennedy's office and tried to
collect $40 for Mrs. Kennedy's board,
Will Prince related to the witness,
Kennedy had run out of the office and
gone downstairs head first. He prac
tically admitted that he and his fa
ther were armed at the time and that
Kennedy was "under the shadow of a
gun."
Kennedy had been married but a
month when he was killed.
Saturday it was adduced Bert
Prince had forecasted the murder. A
newspaper reporter told of Mrs. Ken
nedy and her brother Will coming to
his office after the marriage. Mrs.
eKnnedy wanted Kennedy "roasted
in the paper," and Will had said that
the marriage was forced to prevent
Kennedy marrying another woman.
E. J. Curtain testified to a conversa
tion with C. W. Prince, the father,
after the marriage. Prince had said:
"I wa not going to let this man jilt
my daughter. If things don't go right
you will have a good deal more sen
sational thing to write about." Prince
had mistaken Curtain for a reporter.
Two witnesses testified to seeing
Mrs. Kennedy and Will Prince going
in the direction of Kennedy's office on
the afternoon of the murder.
Elizabeth Jackman told of the two
boarding a car for downtown, and of
Will Prince requesting his sister to do
something. Witness . did not catch
Will's words but heard her answer:
"All right, I will."
It is the theory of the state that
Prince furnished the prisoner the re
volver with which she killed Kennedy,
and accompanied her to near the
scene of the killing, nerving her to
the point of committing the crime.
THE FOURTH AT ST. LOUIS.
Arrana-ements Being; Rounded Up
for a Monster Celebration of
the National Anniversary.
St. Louis, June 10. The details of
the great parade and celebration that
are being arranged by the Fourth of
July Celebration association, to fit
tingly commemorate the one hundred
and twenty-fifth anniversary of the
signing of the Declaration of Inde
pendence, are being rounded up, and
ail the plans for the coming event wili
soon be in shape.
The railioads are making prepara
tions to handle great crowds on the
Fourth. Every road entering St.
Louis has made a rate of one fare for
the round trip for a distance of at
least 200 miles from St. Louis, and
good for three days.
Princeton Annual Clan Day.
Princeton, N. J., June 10. The an
nual class day exercises of Princeton
university were held in Alexander
hall. President Patton presided. The
class oration was delivered by Ralph
P. Swofford and Ralph S. Thompson
read the class poem. Dewitt V.
Jxutchings delivered the ivy oration
on the steps of Nassau hall.
Stolen Gold Recovered.
Mineral Point, Wis., June 10. Thir
teen thousand dollars more of the
gold coin stolen from the First na
tional bank, on May 24, has been re
covered. It was found in an outhouse
of the City hotel, about a block from
the looted bank, at which the prison
er, Steward Jeleff, boarded.
HarraialnK Botha's Command.
Pretoria, June 10. Gen. Blood's re
cent operations in the eastern Trans
vaal have been eminently success
ful in keeping Gen. Botha's force
in a comparatively small area. The
bulk of Botha's command with whom
he is present, is still south of the Del
agoa Bay railway.
THE GRAY PILGRIMS.
Lines Written by a Confedrata Veteran
Dedicated to Ills Comrades of
the L-ost Cause.
(Written for the Memphis Reunion.)
Whence cometh all these Pilgrims In the
- pleasant month of Slav?
And wherefore do these aged men toward
Memphis wend their way?
With shrunken frames, and figures bent,
and faces scarred and old
Seek they some Memphian Oracle, their
future to unfold V
These men are they who wore the gray in
eighteen sixty-one ;
The future does not trouble them their
duty's nobly done.
Their hair is scant, their beards are gray,
their shoulders bent and round.
But Fame, with laurel and with bay,
each hoary bead hath crowned 1
It was not thns that they appeared some
forty years ago.
When health and strength were In their
limbs, their veins with youth aglow.
They firmly stood in serried ranks, each
lad in Gray attired;
Their eyes were bright, their muscles
tense, their hearts with ardor fired.
For when tipon their mother-soil the proud
invader trod.
Each eager rushed to meet the foe and
free their native sod.
They heard the Southland's trumpet call,
and answered well the blast :
The young, the old they mustered all
each fearful he'd be last.
'Tis hard, indeed, to realize that these In
this array.
Are men who under Johnston, Lee and
Jackson wore the Gray ;
For they're as small as common men !
whereas their deedB of old
Would seem to say. "Who wore the Gray
were cast In giant mold."
And these same" old. decrepld men are
some who in that day
Of fearful fratricidal strife, did all that
mortals may !
They're gath'rlng here In memory of a
cause they loved full well :
Perchance from their old feeble throats
we'll hear the "Rebel Yell."
But 'twill not rise In thunder tones, as
once It did. forsooth :
For Time has shrilled their vocal chords,
while robbing them of youth ;
Nor will it voice the tierce, wild Ire, born
of the battle's rage :
Tet will It mark the patriot fire their
children's heritage.
But 'tis not age alone that dims the luster
of their eyes.
Nor lung impaired that causeth them to
utter muffled siuha
Their thoughts today are far away on
events of the past :
They think of those they'll meet no more
'til Gabriel sounds his blast.
They think of those who with them faced
the sleet of shot and shell.
And drowned the roar of battle with a
ringing "Rebel Yell-"
Of those who, boys in point of age. la
point of war were "Vets"
Who dauntless braved the cannon's mouth
and feared not bayonets.
They think of those who. fighting, fell with
pierced and bleeding breast :
Of mossy mounds on many fields where
valiant comrades rest.
Anon you'll hear a oulv'rlng sigh escape
some IMlsrim Gray,
And furtive hand will seek the eye to
brush a tear away.
And when the Angel Gabriel sounds the
final reveille.
"Assemble on the Colors," next the signal
call will be.
Then from mountain, plain and valley
they will cather with their scars
And they'll yell in joyful chorus under
neath the Stars and Bars.
And they'll sing the song of Dixie as they
form their last array.
And their feet will beat the cadence as
they march upon their way.
And when good Saint Feter challenges,
as sentrv at t'ne Gates,
They'll proudly give the countersign :
" We're Ex-Confederates."
Then will Jolly old Saint Peter give to
each a welcome hand.
Saying. "I hav heard that heathen gods the
Titans did withstand :
"But I fear celestial ramparts wouldn't
fare so very well.
Should these Pllcrriins Grav assail them
with their old-time 'Rebel Yell.' "
Carthage, Miss. L. Maury Garrett.
$2 A DAY FOR FARM HANDS.
Texas Crop, Botjj Corn and Cotton, Said
to Be Very finch Behind Work
Males Are Scarce.
Too Many of Them Have Been Bought
for the British Army Big In
crease In Price a Kesnlt.
Dallas, Tex., June 1. The in
crease in the acreage of corn in the
territory tributary to Dallas for the
year 1901, as compared with that ol
1900, is approximately 20 per cent.;
that of cotton Is at least 10 per cent.;
some estimates make it 15, and others
as high as 20 per cent. The 10 per
cent, estimate is probably the more
reliable.
Very little land of either crop has
had to be replanted. "Weather condi
tions -were good when the planting
was being done.
The labor problem is a most serious
one. The situation probably was never
so unsatisfactory. Farmers report that
labor is scarce, high in price and gen
erally of indifferent classes of work
ers; no reliance can be placed on the
vast majority of the men who promise
to go to the farms and plantations,
even at the tempting offers of $2.00 per
day and board, to hoe corn and chop
cotton. As a result corn and cotton
are from three weeks to 30 days late;
- on the worst in that respect. Bar
ring the unfavorable labor situation,
the outlook is excellent. The most
earnest desire the farmers express is
to get "caught up" with their work.
May has been unseasonably cold and
wet. This has also assisted In making
the crops late, as soggy ground has
made the fields difficult to work in.
Considerable complaint is heard of
the scarcity of good farm mules. The
demand for these animals for British
army service in South Africa was so
large last year as to leave the North
ern Texas markets bare. The grade of
first-class mules that last year sold in
Dallas at $150 per span, can not now
be purchased at $200 per span. Special
to St. Louis Republic.
Mechanical Baggage Smasher.
As I stood waiting for the train I
saw them run my trunk through a
powerful machine, wnich almost in
stantly reduced it to an unrecogniz
able mass of pulp.
My curiosity was piqued.
"Why do you do this?" I asked.
"In this way we save the wages of
four baggagemen," replied the official
In charge of the station, politely.
Truly, thought I, we live in an age
of mechanical marvels. But what of
e hands thus thrown out of employ
ment? Detroit Journal.
THE GAMBLING EYIL.
Dr. Talmage Arraigns the Spirit of
Wild Speculation.
He Gives Some Account of the Finan
cial Rain of Other Daya Money
a. Golden Breasted
Bird.
Copyright, 1901, by Louis Klopscn", N. T.
Washington,
In this discourse Dr. Talmage ar
raigns the spirit of wild speculation
and gives some account of the finan
cial ruin of other days; Proverbs 23-5:
"Riches certainly make themselves
wings; they fly away as an eagle
toward heaven."
Money is a golden-breasted bird
with silver beak. It alights on the
office desk or on the parlor center
table. Men and women stand and
admire it. They do not notice that
it has wings larger than a raven's,
larger than a flamingo's, larger than
an eagle's. One wave of the hand
of misfortune and it spreads its
beautiful plumage and is gone "as
an eagle toward heaven," my text
says, though sometimes I think it
goes in the other direction.
What a verification we have had
of the flying capacity of riches in
Wall street! And Wall street is one
of the longest streets in the world.
It does not begin at the foot of
Trinity church, New York, and end
at the East river, as many suppose.
It reaches through all our Ameri
can cities and across the sea. En
couraged by the revival of trade and
by the fact that Wall street disas
ters of other years were so far back
as to be forgotten, speculators run
up the stocks from point to point
until innocent people on the outside
suppose that the stocks would al
ways continue to ascend. They
gather in from all parts of the coun-
try. Large sums of money are
taken into Wall street and small
sums of money. The crash comes,
thank God, in time to warn off a
great many who were on their way
thither, for the sadness of the thing
is that a great many of the young
men of our cities who save a little
money for the purpose of starting
themselves in business, and who
have $500 or $1,000 or $2,000 or $10,
000 go into Wall street and lose .all.
And if there ever was a time for the
pulpit to speak out in regard to cer
tain kinds of nefarious enterprises
now is the 'time.
Stocks rose and fell, and now they
begin to rise again, and they will
fall again until thousands of young"
men will be ruined unless the print
ing press and the pulpit give em
phatic utterance. My counsel is to
countrymen, so far "as they may
hear of this discourse, if they have
surplus to invest it in first mort
gages and in moneyed institutions
which, though paying comparative
ly small interest, are sound and safe
beyond dispute, and to stand clear
of the Wall street vortex, where so
many have been swamped and swal
lowed. What a compliment it is to
the healthy condition of our country
that these recent disasters have in
nowise depressed trade! I thank
God that Wall street's capacity to
blast this country has gone forever.
First of all, Wall street stands as a
type in this country for tried integrity
and the- most outrageous villainy.
Farmers who have only a few hundred
dollars' worth of produce to put on the
market have but little to test their
character, but put a man into the
seven times heated furnace of Wall
street excitement and he either comes
out a Shadrach, with hair unsinged, or
he is burned into a black moral cinder.
No half-way work about it. If I want
ed to find integrity bombproof, I
would go among the bankers and mer
chants of Wall street; yet because
there have been such villainies enacted
there at different times some men
have supposed that it is a great finan
cial debauchery, and they hardly dare
go near the street or walk up or down
it unless they have buttoned up their
last pocket and had their lives insured
or religiously crossed themselves. Yet
if you start at either end of the street
and readibe business signs you will
find the names of more men of in
tegrity and Christian benevolence than
you can find in the same space in any
street of any of our cities. When the
Christian commission and the sanitary
commission wanted money to send
medicine and bandages to the wound
ed, when breadstuffs were wanted for
famishing Ireland, when colleges were
to be endowed and churches were to be
supported and missionary societies
were to be equipped for their work of
sending the Gospel all- around the
world, the first street to respond has
been Wall street, and the largest re
sponses in all the land have come from
Wall street.
But while that street is a type of
tried integrity on one hand it is also a
type of unbounded swindle on the
other. There are the spiders that wait
for innocent flies. There are the croco
diles that crawl up through the slime
to cranch the calf. There are the
anacondas, with lifted loop, ready to
erush the unwary. There are financial
wreckers, who stand on the beach
praying for a Caribbean whirlwind to
sweep over our commercial interests.
Lt me say it is no place for a man
to go into business unless his moral
principle is thoroughly settled. That
is no place for a man to go into busi
ness who does not know when he is
overpaid five dollars by mistake wheth
er he had better take it back again or
not. That is no place for a man to go
who has large funds in trust and who
is all the tim tempted to speculate
with them. That is no place for a man
to go who does notquite know whether
the laws of 13.4 statforbiduryor
patronize it. Oh. how maty men have
risked themselves in the vortex and
gone down for the simple reason their
integrity had not been thoroughly es
tablished. Remember poor Ketcham.
How soon the flying hoofs of his iron
grays clattered with him to his de
struction! Remember poor Gay, at 30
years of age astonishing the world
with his fortunes and his forgeries.
Remember that famous man whose
steamboats and whose opera houses
could not atone for his adulterous
rides through Central park in the face
of decent New York and whose be
havior on Wall street by its example
has blasted tens of thousands of young
men of this generation.
I hold up the polluted memory to
warn young men whose moral princi
ples are not thoroughly settled to keep
out of Wall street. It is no place for a
man who shivers under the blast of
temptation. Let me say also to those
who are doing legitimate business on
that or similar streets of which that
is a type to stand firm in Christian
principle. You are in a great com
mercial battlefield. Be courageous.
There is such a thing as a hero of the
bank and a hero of the stock exchange.
You be that hero. I have not so much
admiration for the French empress
who stood in her balcony in Paris and
addressed an excited mob and quelled
it as I have admiration for that vener
able banker on Wall street who in 1S64
stood on the steps of his moneyed in
stitution and quieted the fears of de
positors and bade peace to the angry
wave of commercial excitement. God
did not allow the lions to hurt Daniel,
and He will not allow the "bears" to
hurt you. Remember, my friend, that
all these scenes of business will soon
have passed away, and by the law of
God's eternal right all the affairs of
your business life will be adjudicated.
Honesty- pays best for both worlds.
At certain times almost every pros
perous merchant wakes up, and he
says: "Now, I have been successful
in my line of trade, and I have a tol
erable income. I think I shall go
down to Wall street and treble it in
three weeks. There's my neighbor.
He was in the same line of business.
He has $300,000 or $400,000 from the
simple fact that he went into Wall
street. I think I shall go too." Here
they come, retired merchants who
want to get a little excitement in
their lethargic veins. Here they come,
the trustees of great property, to
fool everything away. Here they come,
men celebrated for prudence, to trifle
with the livelihoods of widows and
orphans. Do you wonder that some
times they become insane? It is in
sanity. Do you know there are hun
dreds of young men who are perish
ing under the passion for stock gam
bling? Do you know tnat in all
Christian lands this is one of the
greatest curses?
It is not peculiar to mercurial Amer
icans. Oh, no! Almost every nation
has indulged in it. The Hollanders,
the most phlegmatic people in the
world, had their gambling seizure in
16S3. It was called the tulip mania.
It was a speculation in tulips. Prop
erties worth $500,000 were turned into
tulips. All the Holland nation either
buying or selling tulips. One tulip
root sold ior $200, another for $2,000.
Excitement rolling on and rolling on
until history tells us that one Am
sterdam tulip which was supposed to
be the only one of the kind in all
the world actually brought in the
market $1,816,000! That is a matter
of history. Of course, the crash
came, and all Holland went down
under it.
But France must have its gam
bling expedition, and that was in
1716. John Law's Mississippi scheme,
it was called. The French had
heard that this American continent
was built out of solid gold, and the
project was to take it across the
ocean and drop it in France. Ex
citement beyond anything that had
yet been seen in the world. Three
hundred thousand applicants for
shares. Excitement so great that
sometimes the mounted military
had to disperse the crowds that had
come to buy the stock. Five hun
dred temporary tents built to ac
commodate the people until they
could have opportunity of interview
ing John Law. A lady of great
fashion had her coachman upset her
near the place when John Law was
passing in order that she might
have an interview with that benevo
lent and sympathetic gentleman
Stocks went up to 2,050 per cent-
until one day suspicion got into the
market, and down it all went John
Law's Mississippi scheme burying
its projector and some of the great
est financiers in all France, and was
almost as bad as a French revolution.
Sedate England took its chance
in 1720. That was the South sea
bubble. They proposed to transfer
all the gold of Peru and Mexico and
the islands of the sea to England
Five millions worth of shares were
put on the market at 300 a share
The books open, in a few days it is
all taken and twice the amount
subscribed.
Excitement following excitement
until all kinds of gambling projects
came forth under the wing of this
South sea enterprise. There was a
large company formed with great
capital for providing funerals for
all parts of the land. Anotner com
pany with large capital 5,000,01)0
of capital to aeveiop a wneei in
perpetual motion. Another company
with a capital of 4,000,000 to in
sure people against loss by servants.
Another company with 2,500,000
capital to transplant walnut trees
from Virginia to England. Then, to
cap the climax, a company was
formed for "a great undertaking,
nobody to know what it is." And,
lo, 600,000 in shares were offered
at 100 a share. Books were opened
at nine o'clock in the morning and
closed at thrae o'clock in the' after
noon, and tlie first day it was all
subsenrtya. A great undertaking,
nobody to know what it is." .
But it was left for our own country
to surpass all, about 37 years ago. We
have the highest mountains and the
greatest cataracts and the longest riv
ers, and, of course, we had to have the
largest swindle. One would have
thought that the nation had 6een
enough in that direction during the
morus multicaulis excitement, when
almost every man had a bunch of
crawling silkworms in his house, out
of which he expected to make a for
tune. But all this excitement was
as nothing compared with what took
place in 1864 when a man near Titus
ville, Pa., digging for a well, struck
oil. Twelve hundred oil companies
call for a billion of stock. Prom
inent members of churches, as soon as
a certain amount of stock was as
signed them, saw it was their privilege
to become presidents or secretaries or
members of the board of direction.
Some of these companies never had a
foot of ground, never expected to have.
Their entire equipment was a map of a
region where oil might be and two
vials of grease, crude and clarified.
People rushed down from all parts of
the country by the first train and put
their hard earnings in the gulf. A
young man came down from the oil re
gions of Pennsylvania utterly dement
ed, having sold his farm at a fabulous
price because it was supposed that
there might be oil there coming to a
hotel in Philadelphia at the time I was
living there, throwing down a $5,000
check to pay for his noonday meal and
saying he did not care anything about
the change! Then he stepped back to
the gas burner to light his cigar with,
a $1,000 note. Utterly insane.
The good Christian people said:
"This company must be all right,
because Elder So-and-so is president
of it, and Elder So-and-so is secre
tary of it, and then there are three
or four highly respected professing
Christians in the board of direct
ors." They did not know that when
a professed Christian goes into
stock gambling he lies like sin. But
alas for the country! It became a
tragedy, and a thousand million dol
lars were swamped. There are fami
lies to-day sitting in the shadow
of destitution who but for that
great national outrage, would have
had their cottages and their
homesteads. I hold up before
the young men these four great
stock gambling schemes that they
may see to what length men
will go smitten of this passion, and
I want to show them how all the
best interests .of society are against
it, and God is against it and will
condemn it for time and condemn it
for eternity. I do not dwell upon
the frenzied speculations in Wall
street last month. You all have
enough remembrance of that finan
cial horror. I only want you to
know that it was in a procession of
monetary frenzies, some of which
have passed and others are to come.
O men of Wall street and of all
streets, stand back from nefarious
enterprises, join that great com
pany of Christian men who are
maintaining their integrity, notwith
standing all the pressure of tempta
tion. In the morning, when you
open business in the broker's office
or in the banking house, ask God's
blessing, and when you close it pro
nounce a benediction upon it. A
kind of business that men cannot
engage in without prayer is no busi
ness for you. I wish that the words
of George Peabody, uttered in the
hearing of the people of his native
town Danvers, Mass. I wish that
those words could be uttered in the
hearing of all the young men
throughout the land. . He said:
"Though Providence has granted me
unvaried and universal success in
the pursuit of fortune in other lands
I am still in heart th.e humble boy
who left yonder unpretending dwell
ing. There is not a youth within
the sound of my voice whose early
opportunities and advantages are
not very much greater than were
my own, and I have since achieved
nothing that is impossible to the
most humble boy among you.
George Peabody's success in busi
ness was not more remarkable than
his integrity and his great-hearted
benevolence. I pray upon you God's
protecting and prospering blessing.
I hope you may all make fortunes
for time and fortunes for eternity.
Some day when you come out of
your place of business and you go
to the clearing house or the place
of custom or the bank or your own,
home as you come out of your place
of business just look up at the clock
in the tower and see by the move
ment of the hands how your life is
rapidly going away and be reminded
of the fact that before God's throne
of inexorable judgment you must yet
give account of what you have done
since the day you sold the first yard
of cloth or the first pound of sugar.
I pray for you all prosperity. Stand
close by Christ, and Christ will stand
close by you. The greater the tempta
tion the more magnificent the re
ward. But, alas, for the stock gam
bler what will he do in the judg
ment? That day will settle every
thing. That to the stock gambler
will be a "break" at the "first call."
No smuggling into Heaven. No "col
laterals" on which to trade your way
in. Go in through Christ the Lord
or you will forever stay out. God
forbid that after you have done your
last day's work on earth and the
hushed assembly stands around with
bowed heads at your obsequies God
forbid that the most appropriate text
for your funeral oration should be:
"As a partridge sitteth on eggs and
hatcheth them not, so he that get
teth riches, and not by right, shall
leave them in the midst of his days,
and at the end he shall be a fool,"
or that the most appropriate funeral
psalm should be the words or the
poet:
Price of many a crime untoli
Goli. soli sold, soli.
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