Newspapers / The Roanoke Beacon and … / Aug. 14, 1908, edition 1 / Page 2
Part of The Roanoke Beacon and Washington County News (Plymouth, N.C.) / About this page
This page has errors
The date, title, or page description is wrong
This page has harmful content
This page contains sensitive or offensive material
THE POWER BEHIND THE BRITISH THROE Abolish the Stock Exchange Ticker, Ey Former Judge Ji. J. Ditienhoefer. N OW is the time to consider what measures should be taken to prevent the recurrence in the future of such financial debauchery as has prevailed within the last year or two. The root of the e;i lies in the stock exchange ticker. Erad icate the root and to a large extent the evil will be elimin- . atcd. Every day of the year the ticker is made to spread broadcast false and fictitious quotations of the"value of the corporate securities held by the "high financiers" to en- able them to unload on the outside public. They make fake Bales, which are run off on the ticker as genuine, and the public, believing that the sales have actually been made, are fooled into purchasing them at the ticker prices. When the financiers have unloaded a sufficient quantity the prices are depressed by them in the same manner, to the great loss of the persons who bought them at the fictitious ticker prices, and then the finan ciers buy them back and unload them again, and so the endless chain is kept up. It is a regular bunco game. Make it a felony to be a party directly or indirectly to the spreading over the ticker of such counterfeit transactions, and a stop will be put to fiuch un conscionable watering of securities as has taken place within the last few years. If the financiers are not furnished with the facilities the ticker gives they will be unable to unload their wares on the public at fictitious prices, and there will consequently be no use cr profit in their pouring streams of water Into their schemes. It may hs answered that It may prove difficult to show by legal proof who the parties are who cause fictitious prices to be sent over the ticker, but whoever does this must have some confidential clerk in his employ who would be able to furnish this proof. That being so, is it likely that these men would be willing to place themselves in the power of their clerks and run the risk of an indictment for felony? This principle applies to commercial transactions. If a person spreads, by means of a mercantile agency, a false statement of his financial condi tion, he becomes criminally liable and civilly responsible to any one who, on the faith of such statement, gives credit to the party making it 3 jc ante L,yccv l By Eyron W, Holt PPARENTLY, great panics tend to recur regularly about ev- Ai ery twenty years, witn lesser nueriueumie cubes ui ucyica sion about half-way between. This tendency is frequently lUlcl lei cu WiLii uy ai a, cai iiiquancs, 111:0 aim, ihvl tant of all, perhaps, great and comparatively sudden chang es in the standard of value, gold. These upset the regu lar order and hasten to delay the cycle period. The princi pal panic and crisis years noted in this country, since 1S00, were perhaps, those of 1S14, 1837, 1857, 1873 and 1893. The years of lesser panics were 1826, 1844, 1SG4, 1884 and 1903. While the Civil War apparently caused the 1873 panic to come four years ahead of time, It did not prevent 1877 from being the year of lowest prices for corporation secur ities. Similarly the 1893 panic really extended to 189G and 1897, which were the years of lowest prices for both securities and .commodities. There are many reasons wThy the present panic has occurred farther ahead of the twenty-year cycle period (1913) than did any previous recent panic. There has been great destruction of- capital by wars, earthquakes, and fires. These were undoubtedly important factors In hastening the panic per iod. But by far the most important factor was undoubtedly that of the rapid ly depreciating value of gold, which is disturbing values, cancelling debts, upsetting calculations, and throwing out of gear much of the financial mech anism of the universe. From the American Review of Reviews. n'CAHAH From the New York World. LORD ESIIER. Astonishing influence Is ascribed to Lord Esher, personal factotum of King Edward, by the latest gossip of London. His is the responsibility for the international sensation caused by the Kaiser's Tweedmouth letter. "Illegitimate Influences at Court" are made the subject of a startling at tack in one of the leading English monthlies, the National Review, and constitute the sensation of the hour in London. Following, as it does, so soon after the revelations In Berlin of the evils of the Camerilla at the Court of the Kaiser, this article forms the all-absorbing topic of discus sion in political and official circles, In clubland, not alone in the British metropolis, but also in Continental capitals, and in spite of the efforts of the party whips and of the leaders, both of the Government and of the op position, as well as of the Speaker, the matter is likely to crop up at any moment in Parliament. The charge of "illegitimate influences at court" has not been heard of In any reputable English print concerning a ruler of the British Empire for more than fifty or sixty years. But previous to that time it was a subject of constant denunciation as a crying evil. that thereafter they would, while the weather was warm. Bleep in the tree. New York Sun. SLEEP IN A CITY TREE m Gold Ey the Hon. Jilva JIdams. F J 3 J J ! ARMS may not breed millionaires, but it does breed men and women and these are a better product than gold, as mater ial assets the soil products are the collateral behind nation al prosperity. Many have held the notion that the . wind and water in speculative stocks were substantial elements cf wealth and that the grain exchange could create values and were the pillars of the country's finance. The last few weeks have demonstrated that this system of business that r.pnfostoi tr trnnKTmitP wind and water into cold was found ed on credulity, its castles were castles in Spain and its hopes and promises Moonshine. These exchanges are temples of plunder; they are disturbers of legiti mate business; a menace and a danger to the morals and prosperity of the land. They and they alone are responsible for the wave of ruin that has swept through our cities. Business would be safr, our nation more secure and the people happier if the door of every produce and stock exchange could be closed and sealed forever. The injury of a poker joint is mild and homeopathic compared to the criminal riot and deadly results of these pits of speculation and robbery. Gambling may be the most fascinating of pur suits but it scars the soul of its votaries, breaks the health and leads them to the bars of dishonor and bankruptcy. Like the sirens on the island, it charms but to destroy. America Condemned I For Its Bad Roads Flatbush Boy Makes His Summer Home in a Big Walnut. Sleeping'outdoors in a rudely con structed house erected among the branches of a high walnut tree In the heart of Flatbush a young Poly technic Institute student has adopted a novel method of "getting near to nature." Last year he tried this method of outdoor life, starting in the early spring and continuing until the first real snowfall of the season. The "tree house," as the people in the neighborhood call it, is located on the lawn surrounding the home of Mrs. W. T. Lees, who lives at 1704 Flatbush avenue, near Avenue I, Flat bush. W. Thompson Lees is the tree dweller. A wooden stairway winds around the tree's trunk leading to the single chamber above, allowing an easy as cent to be made. The entire structure Moonlight. Many readers may not be aware of the fact that the full moon gives sev eral times more than twice the light of the half moon. They may be still more surprised to learn that the ratio is approximately a3 nine to one. Professor Joel Stebbins and F. C. Brown, taking advantage of the extreme sensitiveness to light of a selenium cell, have lately measured the amount of light coming from the moon at different phases, with the result above mentioned. The reason for the remarkable difference shown is to be found in the varying angles of our satellite to the sun. The moon is brighter between the first quarter and full than between full and last quarter. The cause of this is evi dent in the more highly' reflective THE-BEDROOM IN THE TREE. Ey Count Ottavio. Gr RANTED that the competitors proposed to make the cir cuit of the world not with the automobile but in spite of the automobile, what they have proved just by crossing the United States is exceedingly valuable to the world at large. For now every one knows that the United States do not possess roads and that for many months in the year their most civilized inhabitants, unless they dwell in cities, live happily in deep mud. The road, the beautiful, free, clean, easy road is the 1 roperty of all, cf the poor and of the rich, but especially of the poor, who have not the money to ride by rail, and who know and love its every foot, here the shadow of ahedge.there a-hospitable inn, down there the refreshing spring, up there the lovely view of an endless valley. It is the boast of an nu.snt peoples, capable of humanity and poetry, the place where the rights ore equal, the gift cf the community to its most worthless children. The measure of civilization, even of the democracy cf a government, is given by the roads. Compare the roads of Italy with those of Turkey across the Adriatic; compare tie roads of Turkey with those of the United States! is made of wood and was designed by young Lee3 and his chum, Vail Apple gate, a freshman at Dartmouth Col lege. The boys built the house a little more than two years ago, but It is only lately that they have converted it into a sleeping place. At first their Intention was simplj to build a "crow's nest" where they could seclude themselves on rainy af ternoons and when it was too hot for active exercise. The "crow's nest" did not prove to be large enough, so the boys added a large platform which forms what they call their pi azza. This piazza is roomy enough for an ordinary sized dining room table and comfortably accommodates six or eight diners. After Lees and Applegate had th? house completed their parents tooX an interest in it. They recognized that it would be a fine place to sit in the warm weather. Mrs. Lees sug gested that a stairway be added to enable the older folk to climb to the tree top. It took the boys three months to build it. It was last summer that Lees and Applegate decided that they would like to see how It would feel to sleep out In the open. They covered the top of the house with panes of glass and this gave them all the light, day or night, they needed. The trial worked so well that they declared character of that part of the moon which lies west of its meridian. Youth's Companion. Pencil is Always Handy, 1 A recent French invention consists of a flexible eupport for a pencil, as shown in the illustration. When the pencil is used the support bend3 read ily and is no obstruction to writing. Philadelphia Record. Altogether during the year 1908 there will have been under construc tion buildings directly or indirectly connected with Princeton University representing an expenditure of near ly $2,000,000. New York City.The waist that is made with the square bertha effect is one of the latest and best liked and this one hasthe merit of being adapted to a great many different materials. It can be utilized either ivith or without a lining, and conse quently becomes available for all the pretty muslins and the like of the summer and also for the thin silks and light weight wools which require lining. In the illustration the ma terial is crepe de Chine, the yoke Mercury YV'ings of Feathers. Mercury wings Nof real feathers adorn the front of a smart shirt waist hat, and Mercury wings of gold con fine the tiny locks of hair which are so apt to fall at the back of the coif fure and make it look unkempt. A butterfly bow closes the collar and an embroidery of butterflies covers the waist. There is no accounting for tastes, in design, but every one of the above is good. Straight Pleated Walking Skirt. Bordered materials are so beauti ful and so many that there is an ever increasing demand for skirts that are suited to their use, and this one la straight at Its lower edge and conse quently perfectly well adapted to tfae purpose, while It is graceful and be coming. It is laid in pleats which are stitched flat over the hips, so doing away with bulk at that point, and Jt is suited to almost every seasonable material. If bordered ones are not liked plain fabrics can be trimmed to suit individual fancy, with braid, ap plique or banding xt the same or of contrasting material or the skirt can be embroidered or braided with sou tache or left plain,'flnished only with a stitched hem. The skirt is made in one pleoe and is laid in backward turning pleats. The upper edge ls.jolned to a narrow belt. The quantity of material required for the medium size is four and one half yards of bordered material. being made of tucked net, while the bertha is of embroidered banding and the trimming on the blouse is of insertion . and lace. There are also little buttons sewn on the outermost tucks, which are exceedingly chic and smart, and there is a girdle of messa line satin. Collars are somewhat high this season, but fortunately fashion also allows of the Dutch neck, and this waist can be finished In either way, while the little close" fitting under -sleeves make an attractive feature. The blouse is made with the lining, which can be used or omitted as liked, and itself consists of the full front and backs. These last are laid in a combination of wide and rather narrow tucks, and the girdle is ar ranged over the lower edge of the lining and serves as a finish to the blouse. The bertha can be made either from banding, mitred as illus trated, or cut from all-over material The close fitting lining sleeves are faced to form the deep cuffs and the pretty little frilled ones are arranged over them. Pendants and Tassels. The fashion for pendants and tas sels reaches the acme of perfection in a shawl wrap of silk in Oriental colors which hangs in a long point at the back and whose long ends at the front are gathered into points, and all three finished with heavy silk tassels. forty-four inches wide; or seven and three-eighth yards twenty-seven, six and one-quarter yards thirty-two or five yards forty-four inches wide if plain mateysl la used. Sleeves in One. Sleeves made in one with the bod ice are the latest decree of fashion. Party Frocks. Sashes, hair-bows, slippers and socks match in color for the party costumes, the frocks themselves be ing of some filmy white mull or ba tiste elaborately inset with lace and worn over a white mull slip. Trotting Skirts. Bell-shaped skirts have vanished. Trotting skirts nov hang very straight. r
The Roanoke Beacon and Washington County News (Plymouth, N.C.)
Standardized title groups preceding, succeeding, and alternate titles together.
Aug. 14, 1908, edition 1
2
Click "Submit" to request a review of this page. NCDHC staff will check .
0 / 75