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This newspaper page contains 16 articles. Subscribers can read the full text of each article.
Newspaper
The Indianapolis Journal
Location
Indianapolis, Indiana, United States of America
Date
Dec 15, 1901
Page
2
The article defines investment as a security offering safety of principal and steady income. It contrasts safety of principal with income stability, discusses how bond prices and stock values reflect earnings, and outlines rules: margin of safety and adequate income over time. It notes railroad bonds as a basis, but warns about industrials and future conditions.
Detroit Journal reports Senator Hanna in Boston arguing against the ship subsidy bill. He cites $200,000 yearly drain to foreign ship owners and nearly a million dollars in imports, contending subsidies shift burden to taxpayers without general welfare justification. He criticizes the comparison of foreign versus domestic ship investment and warns against weakening national maritime interests.
The Central Christian Advocate urges church bazaars to be organized with proper spirit. They should unite the church, foster goodwill, avoid gambling and overcharging, and rely on honest work. If misused they become burdens rather than blessings to social and charitable aims.
A fragment notes strong condemnation of those who desecrate a place of worship by theft and exploitation, describing the act as turning the house of prayer into a nest of thieves and criticizing the moral breach beyond mere money.
The article extols Crater Lake in the Cascade range near the California line as a premier natural wonder in Oregon. It details its deep still blue waters, 6,239 feet elevation, 4,000 feet depth, sheer surrounding cliffs, and the lake’s circular crater origin with no fish but a crustacean, plus its potential as a national park.
A long elevated platform built on rough logs rises 25 feet with a 12 foot width to wash gravel from a Siberian placer mine. Gravel moves up a gentle incline, water is supplied, and a revolving screen separates gold and fine material onto sluice tables while large rocks drop to a bin. Hand labor dominates, with minimal mechanical help, yielding small daily output. A single operator can target 800,000 dollars yearly with 2,000 workers and 50 horses, handling about 1.2 million cubic yards of gravel and incurring costs equal to most of the gold value.
New York World reports Maine will gain about 1.00 per person from the Christmas tree trade this season as demand rises two weeks early. The firs, used almost exclusively for trees, are a nuisance in some areas but fetch prices of 5 to 15 cents for five to six and six to ten foot trees, while city buyers pay 35 cents to 1.00. Harvesting involves whole families and packaging greens for wreaths and garlands bound for urban markets.
Readers recall Nashville clashes between two city universities with Case Reserve triumphing in football. In Cleveland two rival institutions Western Reserve University and the Case School of Applied Sciences vied in a tense game. After the Case win celebrations spiraled into trouble as revelers assaulted two Western Reserve players.
The Memphis Commercial Appeal recalls Captain Tilley of the US Navy seeking Samoan massage treatment called lummy lummy. Misunderstood by passing missionaries, the incident triggered a court martial inquiry, naval investigations, and a costly outlay before the captain was honorably acquitted.
London Standard profiles Said Pacha known as "Little Said" in Constantinople. He is esteemed by officials and diplomats, skeptical about continued Russophile leanings, and regarded as the right man to steer Turkey if permitted to restore the grand vizierate's old dignity and power.
Carnegie Institute leaders unveil the fossil Montana find named Diplodocus Carnegii, honoring Mr Carnegie and signaling a rare tribute beyond common colleges degrees or brand fame. The piece reflects on enduring fame and historical views of notable figures like Sampson and Schley.
W. E. Curtis reports on Germany’s compulsory life insurance or old age coverage for wage earners earning under 2,000 marks a year. The plan, run by the Interior Ministry, uses stamped premiums split between employer and employee, with penalties for noncompliance. The system applies to servants, clerks, and other workers over sixteen, with classifications by income and options to advance to higher classes by mutual agreement.
In The Love of Cathay Dr W A T Martin credits China with inventing the mariner's compass and dates magnetic needles to 11 B C Ambassadors used such instruments to navigate, while the gunpowder story traces to rockets in the Chou dynasty and later incendiary shells. The piece notes Hindu claims and early uses of firearms and cannons, highlighting China’s supremacy in compass history.
The Paris press relays parts of General Voyron’s report on the looting by missionaries and soldiers after the relief of Peking. It notes French gains from silver ingots and checks to soldiers, with funds pooled or returned, and condemns the indiscriminate pillage by multiple nations.
London Truth reports strict coronation seating rules for Edward's ceremony. Tickets will be nontransferable and named, with seating reserved for peers, royal officials, diplomats, MPs, universities, and military, while Americans are not admitted. Space is tight and attendance is regulated by precedent rather than inclusivity.
Report of the condition of the Indiana National Bank at Indianapolis Indiana at close of business Dec 10 1901. Lists resources including loans and discounts 3,055,716.99. U S bonds 527,160.00. gold reserve 18,600.00. legal tender notes 140,099.00. deposits 2,605,211.44. capital stock 1,000,000.00. surplus 250,000.00. due to other banks 1,084,244.00. due to state banks 752,682.70. Certified by Cashier Edward B. Porter and notary public. Also includes Merchants National Bank Dec 16 11.
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