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About The Sunday Oregonian. (Portland, Ore.) 1881-current | View Entire Issue (May 24, 1903)
5?HB SUNDAY OBEG.QNIAN? PORTLAND, MAY. 24, 1903. 6S 31 THE TIPSTE-R: 7k Tym clerks gave him a farewell din ner. All were there, even the head office boy, to whom the two-dollar subscription was no light matter. The man who probably would succeed Gilmar tin as manager, Jenkins, acted as toast master. He made a -witty speech. More over, ho seemed sincerely sorry to bid good-bye to the man whose departure meant promotion which was the nicest compliment of alL And the other clerks old Williamson, long since ambition proof, and young Hardy, bitten carelessly by It, and middle-aged Jameson, who knew ho could run the business much better than Gllmartln, and Baldwin, who never thought of business in or out of the office all told him how good he had been and how sorry they were he would no longer be with them, but how he was going to do so much better by himself, and they hoped he would not '"cut" them when he met them after he had become a great millionaire. And Gllmartln felt his heart grow soft, and feelings not all of happiness came over him. Gllmartln had been eager to go to Wall street. But this leavetaklng made him ead. The, old Gllmartln who had worked with these men -was no more and the new Gllmartln felt sorry. He told them very simply he did not expect ever again to spend such pleasant years anywhere as at the old office. If ho had his life to live over again he would try really to deserve all that they had said of him on this evening. And he was very, very sorry 'to leave them. "Very sorry, boys; very sorry; very sorry!" he finished lamely, with a wistful smile. He shook hands with each man a strong grip as though he were about to go on a Journey from which ho might never return and p his- heart of hearts there was a new doubt of the wisdom of going to Wall street. But it was too late to draw back. Everybody In the drug trade seemed to think that Gllmartln was on the high road to fortune. Those old business ac quaintances -'and former competitors whom he happened to meet In the street cars or in theater lobbies always spoke to him as to a mlllionaire-to-be, in what they imagined was correct Wall-street jargon. Their efforts made him smile with a sense of superiority, at the same time that their admiration for his clever ness made his soul thrill Joyously. Among his new friends In Wall street also he found much to enjoy. The other custom erssome of them very wealthy men listened to his views regarding the mar ket attentively. The brokers themselves treated him as a "good fellow." They cajoled him Into trading often every 100 shares he bought or sold meant $12.50 to them and when ho won they praised his unerring discernment. When he lost they soothed him by scolding him for his reck lessness. Prom 10 to 3 they stood before the quo tation board and watched a quick-witted boy chalk the price changes, which one or another of the customers read aloud from the tape as it came from the ticker. The higher stocks went the more numer ous the customers became. All were win ning, for all were buying stocks in a bull market. Life to all of them was full of Joy. The very ticker sounded mirthful. And Gllmartln and the other customers laughed heartily at the mildest of stories without even -waiting for the point of the Joke. They were all neophytes at the great game. When tho slump came all were heavily committed to the bull side. It was a bad slump. It was so unexpected by the lamba that all of them said, very grave ly. It came like a thunderclap out of a clear sky. While It lasted it was. very uncomfortable. Those same Jayousi win ning stock gamblers, with beaming faces, of the week before, were fear-clutched, losing stock gamblers, with livid faces, on what they afterward called the day of the panic It really was only a slump; rather sharper than usual. Too many lambs had been over-speculating. The wholesale dealers in securities and Inse curitiesheld very little oC their own wares, having sold them to the lambs, and -wanted them back now cheaper. And so the fast horses some had all but bought Joined the steam yachts others almost had chartered. And 'the demol isher of dreams and dwelling was the OREGON'S DUTY TO IMMIGRANTS WALLIS NASH POINTS OUT VHAT PLEASES AND "WHAT DISPLEASES EASTERN FARMERS IN THE first article of this series we set forth shortly the social conditions in Eastern cities and towns tending to discontent with existing conditions of life leading to unrest and eo to determina tion to make a thorough change. Chief among these causes are the strifes In tho labor market affecting not only the wage earner, but bearing with cruel force on the wife, children and dependent relatives of the worker. Noticeable also Is the marvelous growth of organization In the factory. Machines of almost human skill, frequently displaced by still later devel opments, and bringing in their train the treatment of their human attendants as part of the same huge mechanical power, to be likewise thrown aside as the period of highest activity and consequent use fulness passed by. Many of the workers having not many years before been drawn from country Into city life attracted by high wages, and the busy stir of great communities the revulsion most naturally prompting a return to open air, the play of light, sunshine and cloud, the tilling of the soli, the care of tho animal life of the farm, the culture of the garden and orchard, the beautifying of the home, but above all the sense of ownership and freedom, the regulation of life otherwise than by tho screech of the factory whistle, the consciousness of labor on one's own land, for the good of wife and children, tho taking a man's part In the citizenship of a young and growing state, where a man counts for something more than a unit among 10,000 tollers, and his home a better thing than a rooming and sleeping place in a dark and dingy street. Given the working of this great ferment it was pointed out that there were many claimants to be the goal and settling place of so great an Impending migra tion. The lands of the easy living and fertile South; the broad plains and newly opened rice 'fields of Texas; the wide prairie lands of Canada beneath the Brit ish flag; the wheat lands of tho Dakotas; the. orchards and olive groves of Cali fornia, and last but not least the healthy life on the homelike farms, tho safe cat tle and sheep ranges, tho apple orchards and strawberry and hop gardens of our own Oregon. In the second article w;e dealt with the attractions of our own state to the trained and successful farmers and stockmen of the Middle West led to tho sale of their high-priced farms by the offer of prices which would enable them to treble and quadruple their holdings in the Pacific Northwest so offering scope and oppor tunity for enlarged possessions to them selves and a wider heritage to the coming generation and driven to the change by the growing competition of tho West and the increasing difficulty of obtaining that skilled labor which is necessary to the improved culture of their valuable farms. For these reasons w'e claimed that the ovaent to the Facfiio Slope and to ticker that Instead of golden Jokes was now clicking financial death. Their own ruin, told in oumful num bers by the little mactilne, fascinated them. To be sure, poor Gllmartln said: "I've changed my mind about1 Newriortf I guess I'll spend the Summer on my own Hotel de Roof!" And he grinned; but ho grinned alone. Wilson, the dry goods man, who laughs so Joyously at every body's Jokes, was now watching, as If under a hypnotic spell, the lips of tho man who sat on the high stool beside the ticker and called out the prices to the quotation boy. Brown, the slender, pale-faced man. was outside In the hall pacing to and fro. All was lost, including honor. Gilmartin came out from the of fice, saw Brown, and said, with sickly bravado: "I held out as long as I could. But they got my 'ducats. A sporting life comes high, I tell you!" But Brown did not heed him, and Gll martln pushed the elevator button Impa tiently and cursed at the delay. He not only had lost the "paper" profits he had accumulated during the bull market, but all his savings of years had crumbled away beneath the strokes of the ticker that day. After the slump most of tho customers returned to their legitimate business. Gil martin, after the first numbing ehock trkd to learn of fresh opportunities in the drug business. But his heart was not in his search. There was the shame of con fessing defeat in Wall street so soon after leaving Maiden Lane; but far stronger than thla was the effect of the poison of gambling. A few lucky weeks in the stock market would win him back all he had lost and more! He saw It now very clearly. Every one of his mistakes had been due to inexperi ence. He had Imagined he knew the market. But it was only now that he really knew It, and therefore It was only now that he could reasonably hope to succeed. Properly applied, this wisdom ought to mean much to hfm. In a few weeks he was again spending his days before the quotation board, gossiping with those cus tomers who had survived, giving and re ceiving advice. And as time pass;d the grip of Wall street on his soul grew stronger until It strangled all other aspira tions. He could talk; think, dream of nothing but stocks. He could not read the newspapers without thinking how the market would "take" the news contained therein. The atmosphere of the street, the odor of speculation surrounded him on all sides, enveloped him like .a fog. from "which the things of the outside world appeared as though seen through a vdl. He lived in the district where men do not say "Good morning" on meeting one another, but "How's the market?" or, when one asks, "How do you feel?" receives for an answer, "Bullish" or "Bearish," Instead of a reply regarding the state of health. At first, after the fatal slump, Gllmar tln Importuned his brokers to let him speculate on credit in a small way. They did. They were kindly enough men and sincerely wished to help him. But luck ran against him. With the obstinacy of unsuperstltlous gamblers, he insisted on fighting Fate. He was a bull In a bear market; and the more" he lost the more he thought the Inevitable '"rally" in prices was due. He bought in expectation of. it, and lost again and again until he owed the brokers a greater sum than he could possibly pay, and they refused point blank to give him credit for another cent, disre garding his vehement entreaties to buy a last hundred, Just ono more chance, the last, because 'he would be sure to win. And, of course, the. long-expected hap pened, and the market went up with a rapidity that made the street blink; 'and Gllmartln figured that, had not the brok ers refused his last order, he would have made enough to pay off the Indebtedness and have left In addition $2930, for he would have "pyramided" oh' the way up. Ho showed the brokers hie figures accus ingly, and they had some' words about it and he left the office, almost tempted to sue the firm for conspiracy with Intent to defraud. When he returned to the broker's office tho next day he began to speculate in the only way ho could vicariously. Smith, for Instance, who was long of 500 St. Paul at 125, took less Interest in the deal than did Gllmartln, who thenceforth as siduously studied the new slips and sought information on St Paul all over the street, llstenlrig thrllllngly to tips and rumors regarding the stock, suffering keenly when Oregon in particular, was not transitory In Its essence, but would continue until the values of Oregon lands much more nearly approached the standard of prices in the Bast. It remains to notice the steps taken to Induce and to develope the choice of Oregon as a final resting place by those intending to face the annoy ances and meet the difficulties flowing from the journey of 2000 miles to the Pa cific Coast. To many of our readers this may be a twice told talc Others may think that all that is needed is being done when wo in Oregon have thrown In our mite towards the cost of printing attractive booklets and engraving pretty pictures of our orchards, farms and homes. Wiser counsels have prevailed. It is useless and wrong to deny the attractions of these other states; and these attractions are being brought home to the intending settler, not only by book and illustration widely scattered, but by enlisting an ar ray of workers, traveling and resident, who seek out the Individual, in his club room, church, schoolhouse.and home, talk to the wife and children on the charm3 of tho South and West, Inform him as to land values, as to cost of Journeys and times of trains, as to special farms la ouch and such counties for sale, as to markets for products of farm, range and orchard, as to church and school privi leges, and, in general, on all such topics as suggest themselves to determine the choice of state and home. In many In stances the magic lantern and stereopti con are called into service. Meetings are held over the Middle states. In church or schoolhouse; lovely pictures pass In rapid succession, appealing to old and young, -while the fluent and trained talker ex plains and enforces the lesson the pic tures bring. Until a year or 18 months ago, Oregon was silent and unrepresented la all this skilled and costly advertising. A great change has been wrought by the Bureau of Immigration, established in Chicago by the group of railroads known as the Har rlman system presided over by. G. M. Mc Klnney. who has but lately been in Ore gon. Spacious offices on Dearborn street, perhaps the most densely thronged street In the great city, are decorated with a good selection of Oregon grains, fruit and grasses. Abundant stores of handbooks, maps and local county booklets are not only freely given out to applicants from well nigh every state-, but are mailed dally to the extent of 3000 packets to names of like ly persons spread over all the Middle States. An organization of local corre spondents in every town has been made whose duty it is not only to distribute all this literature locally, but to repre sent Oregon and its advantages in the places where they live and are known. To this Is added the work of traveling agents in these states, who. each in his own district, supervises, stimulates and Informs the local agents, assists In group ing the intending settlers and arranges their journey to Jfca -Weft. Of course, WALL-STREET STORy tho price declined, laughing and chirruping blithely if tho quotations moved upward, exactly as though it were his own stock. Indeed, in some cases his Interest was bo poignant and his advice so frequent he wuuiu epeas 01 our ueai uwi me lucky winner gave him a small share of his spoils, which Gllmartln accepted without hesitation he was beyond pride wounding by now and promptly used to back some miniature deal of his own on the Consolidated Exchange or even in "Percy's" a dingy little bucket shop, where they took orders for two shares of stock on a margin of 1 per cent that is, -where a man could bet as little as $2. Later It often camo to pass that Gll martln would borrow a few dollars, when the customers were not trading actively. The amounts he borrowed diminished by reason of tho increasing frequency of their refusals. Finally he was asked to stay away from the office where he once had been an honored and pampered customer. He became a Wall street "has been," and could be seen daily on New street, back of the Consolidated Exchange, where the "put" and "call" brokers congregate. The tickers in the saloons near by fed his gambler's appetite. From time to time luckier men took him into the same betlcked saloons, where he ate at the free lunch counters and drank beer and talked stocks and listened to the lucky narrative with lips tremulous with readiness to smile grimace. One day, in New street, he overheard a very well-known broker tell another that Mr. Sharpe was "going to move up Fenn SVlvanla. Central rlirh hearing of the conversation was a bit of rare good luck that raised Gilmartin from his sodden apathy and made him hasten to his brother-in-law. who kent a grocery store in Brooklyn. He implored Griggs to go to a broker and buy as much Pennsylvania Central as he could that Is, if he wished to live In luxury the rest of his life. Sam Sharpe was going to put it up. Also, he borrowed $10. Griggs was tempted. He debated with himself many hours, and at length yielded with misgivings. He took his savings and bought 100 shares of Pennsylvania Central at 64 and began to neglect his business In order to study the financial pages of the newspapers. Finally he had a telephone put In his little shop to bo able to talk to his brokers. Gllmartln, with the $10 he had borrowed, promptly bought ten shares in a bucket shop at C3; the stock promptly went to 62; he was promptly "wiped." and- the stock promptly went back to G4. On the next day a fellow-customer of the Gilmartin of old days Invited him to have a drink. Gllmartln resented the man's evident prosperity. He felt indig nant at the ability of the other to buy nunareas or snares. But tho liquor soothed him and In a burst of mild re morse he told Smlthers. after an appre hensive look about him, as if ho feared some one might overhear: "I'll tell you something on the dead q. t. for your own benefit." "Fire away!" "Pa. Cent, is going 'way up." "Year' said Smlthers. calmly. "Yes; it will cross par, sure.' "Umph!" between munches of a pretzel. Tes. Sam Sharpe told" Gilmartin ui onying u. tnena oi mine, but caught himself and went on. Impressively "told me. yesterday, to buy jtu. v-enu, as no naa accumulated his full line and was ready to whoop It up. And you know what Sharp Is," he fin ished. "Is that so?" nibbled Smlthers. "Why, when Sharpe makes up his mind to put up a stock, as he intends to do with Pa, Cent., nothing on earth can stop him. Ho told me- he would make it cross par within CO days. This is no hearsay, no tip. It's cold facts. I don't hear it's going up; I don't think it's going up; I know It's going up. Understand?" In less than five minutes Smlthers was so wrought up that he bought 00 shares and promised solemnly not to "take his profits." I. e,, sell out, until Gilmartin said the word. Then they had another drink and another look at the ticker. "You want to keep in touch with me," said Gllmartln. "I'll tell you what Sharpe tells me. But you must keep It quiet." with a sldewise nod that pledged Smlthers to honqrable secrecy. Had Gllmartln met Sharpe face to face, he would not have known who was before him. Shortly after he left Smlthers he but tonholed another acquaintance, a young man who thought he knew Wall street. the books, maps and pamphlets open tho door and are essential to overcome gen erally existing Ignorance on Oregon and her resources, but it la thn iiwrfniir dividual work that tells and brings results. xnus, ana tnus only, the charmers for the other states are met with their own weap ons on their own ground. It remains to inquire how wo in Ore gon are to grasp the present chance of receiving the advance guard of the army that may and should come, and of so wel coming them that their reports home shall encourage and not check their friends and neighbors from following their steps: First What Impression does Western Oregon in particular make on the new comer? Eastern Oregon has this to contend with: Its chief glories and attractions are not all visible from the train. One has to enforce on the visitor that its wide wheat lands, with their prosperous farmers are hidden behind the hills bounding the vision from the track. That progreslve and successful communities are yet sigh ing for the thin line of steel to tie them to the outside world to gain a far wider deelopment. The sight of tho Willamette Valley, contrariwise, is a revelation to the new comer. Last week we had experience of this with a group straight from Wiscon sin. Every mile south from Portland led to wide and wider prospects of the mag nificent expanse. Eager questions fol lowed thick: "How soon do we come to the end of this? Is there much more of it?" "Only about 120 miles." "GoodnesB, and all like this?" "Certainly, no worse the farther South, we go." "Is it all cultivated?" "Probably not over one-half In crop." "What Is land like this worth?" "From $25 to $35 an acre" "Where are the stones?" "There are none Just a little gravel in old stream beds, but you can see as wo go the depth of the soil." "Does the clearing of all this woodland scare you?" "Not much. In" our stato after we have got' rid of the wood and stumps -we have got to go to work to clear off the stones, and that is never done, and such soil as this we never saw." Then comes the reverse of tho picture. "What's the reason that, with a soil like this, tho improvements are so poor? Look at that house. Not worth $200, and has had no paint on it for ten years. See that barn. Why, one man in a day could nail up those loose boards, and anyway keep the rain out. Look at those fences, half down." And so on. What answer can an Ore gonlan, who la proud of his state and her people, make? The only one that occurred to tho writer was this: "My friend, if the owner of that farm had laid out a couple of hundred dollars and fixed up and painted his house, and mended his bam, and rebuilt his fences, how much more do you suppose you would have to pay for his farm? Had not you better buy the farm at the price he asks now, and do your own improving?" This is no solitary experience. An other man observed thus to his neighbor? "Have you ever seen a country here where God has done so much and man so little?" . 9, o raakt -an lmprafslo on -ha new and therefore had a hobby-manipulation. No one could Induce him to buy stocks by telling him how well the companies were doing, how bright the prospects, etc That was the bait for "suckers." not for clever young operators. But any one, even a stranger, who said that "they" the perennially mysterious "they," the "big men." the mighty "manipulators" whose life was one pro longed conspiracy to pull the wool over the public's eyes "they" were going to "jack up" these qr the other shares, was welcomed, and his advice acted upon, "You're Just the man I was looking for," said Gllmartln, who hadn't thought of the young man at alL "Are you a Deputy Sheriff?" "No.1" A slight pause, for oratorical ef fect. "I had a long talk with Sam to day." "What Sara?" "Sharpe Tho old boy sent for me. Ho was in mighty good humor, too. Tickled to death. He might well be he's got 60,000 Bhares of Pennsylvania Central. And there's going- to be from GO to CO points profit in it" "Hm!" sniffed Freeman, skeptically, yet Impressed by the change In Gilmar tln's attitude from the money-borrowing humility of the previous week to the confident tone of a man with a straight tip. Sharpe was notoriously kind to his old friends rich or poor. "I was there when tho papers were signed," Gllmartln said, hotly. "I was going to leave the room, but Sam told me I needn't. I can't tell you what It is about; really I can't. But he's simply going to put tho stock above par. Let me know who is manipulating a stock, and to h 1 with dividends and earnings. Them's my sentiments," with a final hammering nod, as if driving in a pro found truth. "Same here," assented Freeman, cor dially. He was attacked on hl3 vulner able side. Strange things happen In Wall street. Sometimes tips come true It so proved In this case. Sharpe started the stock upward brilliantly the movement became historic in the street and Pa, Cent, soared dizzily and all the newspapers talked of it, and the public went mad over it, ana ic loucnea eu ana 2 ana 85 and higher, and then Gilmartin made his brother-in-law sell out, and Smlthers and Freeman. Their profits were: Griggs, $3000; Smlthers, $15,100; Freeman, $2750. Gllmartln made them give him a good percentage. He had no trouble with his brother-in-law. Gllmartln told him it was an inviolable Wall-street custom, and so Griggs paid with an air of much experi ence in such matters. Freeman was more or less grateful. But Smlthers met Gll martln, and, full of his good luck, re peated what he had told a dozen men within an hour: "I did a dandy stroke tho other day. Pa. Cent, looked to. me like, higher prices, and I bought a wad of It. I've cleaned up a tidy sum," and he looked proud of his own penetration. He really had for gotten that it was Gilmartin who had given him tho tip. But not so Gilmartin, who retorted, witherlngly: "Well, I've often heard of folk that you put into good things and they mako money, and afterward they come to you and tell you how darned smart they were to hit It right. But you can't work that on me. I've got witnesses." "Witnesses?" echoed Smlthers, looking cheap. He remembered. "Yes, wit-ness-es," mimicked Gllmartln, scornfully. "I all but had to get on my knees to make you buy it And I told you when to sell it, too. Tho information came to me straight from headquarters, and you got the use of It, and now tho least you can do Is to give me $2500." In the end he accepted $800. It seemed as though the regeneration of Gilmartin had been achieved when he changed his shabby raiment for expen sive clothes. He paid his tradesmen's bills and moved Into better quarters. Ho spent his money as though he had made millions. One week after ho had closed out the deal his friends would have sworn Gilmartin had always been pros perous. He began to speculate again, in the office of Freeman's brokers. At tho end of the second month ho had lost not only the $1200 he had deposited with the firm, but an additional $250 he had given his wife and had been obliged to "borrow" back from her, despite her assurances he would lose it. This time the slump was really unexpected by all. so that the loss of the second fortune did not reflect on Gllmartln's ability as a comer that in tho least is fair to the state, we say to our Oregon neighbors, "Do look a little at the outside of things, and, like a maiden expecting her beau, do spruce up and put at any rate a clean dress on" Another observation often made In the East comes from a man who has seen list after list of Oregon farms for sale. "Why. everybody must be wanting to sell out. Can't they get on In Oregon?" Now, In nine cases out of ten the Ore gon farmer Is' simply tempted by a rise In. value of land over what he has been con sidering the worth of his farm. He does not stop to think that the same rise ha3 affected all other land in his neighbor hood, and that if he sells out he will want to buy In somewhere else, and very possibly will not get any place that suits him and his family as well as the old homestead, and If he does find a place he wants, he will have to pay the same high price for that. Most of us know, in our inmost souls, that we have too much land in proportion to tho stock and other prop erty on it from which we have to make our living. We think the remedy is to sell out Why don't wo instead sell off half our 320 acres at the new price, and with the price improve the other 160 acres? Get better houses, better barns, better implements and, above all, better stock? Then the ICO acres we keep will be In re ality, the "home, place" The boys and girls can do better with It after we have gone, and there is a growing inheritance for them. Then we can tell the newcomer we are selling off a par because we value tho rest. This answer our Eastern friends can appreciate, and be contented to set tle down by our side. This paper is already too long; We had Intended to ''set out some of the things that deter and scare off the Eastern buyer when he comes to a Western Oregon town. Space forbids; And theso ob stacles perhaps the outcome of the new ness of our conditions will pass away with the growth of a better, feeling and less bit ter rivalry among those interested in the sale of our lands. We agree heartily In the often heard expression. "What Oregon needs Is more people" We have offered reasons for the belief that they are oh the way. The ob ject of these papers will be gained if we Oregon! ans both recognize the fact and prepare to attract, to welcome and to assimilate tho immigrant -who dares the long journey from the far distant East. WALLIS NASH. Portland, May 22,. 1903. With the Dead. Israel ZangwllL Light shadows fall across -her grave. A sweet wind stirs the flowered grass; The -eons-girt branches slowly wave. The solemn moments softly pass. . The afternoon draws quiet breath At pause between the eve and mora. And from the sacred place of Death The holy thoughts of Life are born. I fret not at the will, of doom; Her scul and mine are not apart. Dear violets upon her tomb, To blossom in my heart. A speed of 82 miles an hour .for 15 miles has been attained oa the illdl&ad railway of Eng land, with their sew eeepsead l&cemethTM .with a aw-tea leai- - BY speculator, but on his luck As a mat ter of fact, he had been too careful and had sinned from over-tlmidlty at first, only to plunge later and lose alL As the result erf much thought about his losses, Gllmartln became a professional tipster. To let others speculate for him seemed the only sure way of winning; He began by advising ten victims he learned In time to call them clients to sell Steel Rod preferred, each man 100 shares, and to a second ten ho urged the purchase of the same quantity of the same stock. To all he advised taking four points profit. Not all followed his advice, but the seven clients who sold it made between them nearly $3000 over night. His percentage amounted to $287.50. Six bought, and when they lost he told them confidentially how tho treachery 'of a leading member of the pool had obliged the pool managers to withdraw their support from the stock temporarily, whence the decline They grumbled, but he assured . them that he himself had lost nearly $1600 of his own. For some months Gllmartln made a fair living, but business became very dulL People learned to fight shy of his tips. Had he been able to make his customers alternate their winnings and losses he might have kept his trade. But, for ex ample, "Dave" Rosslter, in Stuart & Stern's office, stupidly received the wrong tip six times In succession. It wasn't Gil martin's fault, but Rosslter's bad luck. At length, failing to get enough clients In the ticker district Itself, Gllmartln was forced to advertise in an afternoon paper, six times a week, and in the Sunday edi tion of one of the leading morning dallies. The advertlsementsran like this: WE MAKE ilONET. for our Investors by the.bcst system ever devised. Deal with genuine experts. Two methods of operating one speculative, tho other Insures absolute safety. NOW Is the time to Invest In a certain stock for ten points sure proflt. Three points margin will carry It. Remember how correct we have been on other stocks. Take advantage of this move. IOWA MIDLAND. Bis movement coming In this stock. It's very near at hand. Am waiting dally for word. Will get It In time. Splendid, oppor : tunlty to make big- money. It costs only ; a two-cent stamp to write to me. CONFIDENTIAL INFORMATION. ; Private secretary of banker and stock. : operator of world-wide reputation has : valuable Information I don't wish your ; money. Use your own broker. AH I want ; Is a share of what you will surely make : If you follow my advice. WILI, ADVANCE $40 PER. SHARE. : A fortune to be made In a railroad stock. : Deal pending which will advance same $10 : per share within three months. Am In po : sltlon to keep Informed as to developments : and the operations o; a pool. Parties who : will carry for me 100 shares with a New : York Stock Exchange house will receive : the full beneflt of Information. Investment : safe and sure. Highest references given. He prospered amazingly. Answers came to him from furniture dealers on Fourth avenue and dairymen up tho state and fruitgrowers in Delaware and factory workers in Massachusetts and electricians in New Jersey and coalminers In Pennsyl vania and shopkeepers and physicians and plumbers and undertakers in towns ana cities near and far. Evory morning Gll martln telegraphed to scores of people at their expense, to sell, and to scores of others to buy the same stocks. And he claimed his commissions from the win ners. Little by little hfs savings grew, and with them grew his desire to speculate on his own account. Ho mot Freeman one day In one of his dissatisfied moods. Out of politeness he asked the young cynic the universal query of the street: "What do you think of 'em7" He meant stocks. "What difference does it make what I think?" sneered Freeman, with proud hu mility. "I'm nobody." But he looked a3 if he did not agree with himself. "What do you know?" pursued Gllmar tln, molllfylngly. "I know enough to be long on Gotham Gas. I Just bought 1000 shares at ISO." He really had bought 100 only. "What on?" "On information. I got It straight from a director of the company. Look here, Gilmartin. I'm pledged to secrecy. But, for your own beneflt, I'll Just tell you to buy all the Gas you can possibly carry. The deal is on. I know that certain pa pers were signed last nlght,-and they are almost ready to spring it on tho public They haven'trgot all the stock they want When they get It, look out for fireworks." Gllmartln did not perceive any resem OREGON GIRL SEES THE POPE LILLIAN MYERS WRITES OF A STUDENTS' EXCURSION TO ROME sr THE COLOSSEUM ARIS, France, May 2. (Special cor respondence.) About 250 American students took advantage of the cheap excursion rates to Italy, taking In Rome during holy week, Florence, Venice and Genoa. What a jolly crowd, and what a scramble there was for seats, for be It known, students as a rule do not travel first-class. We were two days and one night on the train going direct to Rome; only at the border line, Modane, did we all have to tug out and have our luggage examined and then was another wild fight for places. Our greatest disap pointment was at Rome, where we ar- -rived dead tired to find the station de serted. Not a solitary cab, not a tram way In sight. We said, "This Is not Rome, this must be a side station," and we all wanted to make for the train again, but alas, after much yelling and much bad Italian we found out that there was a strike in Rome. What were we' to do? Our hotel was miles away, and wo had to pay any price to have our. baggage carried by some Italian boys at the sta tion. Streets were lined everywhere with soldiers on foot and on horso trying to keep order. For three days no fiacres, no cars, and even the bakers and the butchers Joined the strikers, and the Ital ian bread, which is never too good, was not Improved by change of bakers, as tho military baked the bread, and slaughtered the cattle. Rome 'is a city of churches, one more gorgeous than the other and many of them possess the rarest art treasures. We saw everything from the Forum and Palatine Hill to the Vatican and the pope Tes, your Oregon representative actually saw the pope," He has not been in very excellent health, but even then desired that especially pilgrims be allowed to have his blessing. One has to go through much red tape to gain admission. On this eventful day 250 German pilgrims, headed by their parish priests, and my self, the only American, met In the Vat ican garden. It was necessary that the women be dressed In black, with black gloves and with a black laco scarf pinned gracefully to the head. All the men raised their hats and wore black kid gloves. At 11 o'clock sharp the card inals formed us in a very long line of two abreast and after mounting many steps we reached the sacred room. The pope was seated and was entirely dressed In white, and had a most saint-like smile on his countenance. It was strictly asked of the pilgrims not to kneel, as this would prolong the interview, for the pope was receiving pilgrims against the wishes of his physicians, but the pope said that as they bad come such a dis tance .to see him, he would be sorry to disappoint .them. The cardinal held out tho right hand of the pope and as the faithful passed, they kissed his signet ring. ' We saw tha lajpt representation pi 'H EDWIN LEFEVRE blance between Freeman's tips and his own. He said, hesitatingly, as though ashamed of his timidity: "The stock seems pretty high at ISO." "You won't think so when it sells at 250. Gllmartln. I don't hear this; I don't think It; I know itl" "All right; Pm in," quoth Gilmartin, jovially, and bought 100 shares of Gotham Gas at $185 per share. Also he telegraphed to all his clients to plunge In the stock. It fluctuated between IS! and 1S6 for a fortnight. Freeman dally asseverated that "they" were accumulating the stock. But one fine day the directors met, agreed that business was bad. and having sold out most of their own holdings, decided J to reauce tne aiviaena rate irom a to o per cent. Gotham Gas broke 17 points In ten short minutes. Gllmartln lost all he had. He found it impossible to pay for his advertisements. The telegraph com panies refused to accept any more "col lect" messages. This deprived Gllmartln of his Income as a tipster, Griggs had kept on speculating and had lost all hl3 money and his wife's in a little deal In Iowa Midland. All that Gllmartln could hope to get from him was an occasional Invitation to dinner. Mrs. Gllmartln, af ter they wero dispossessed for nonpay ment of rent, left her husband and went to live with a sister In Newark. His clothes became shabby and his meals irregular. But always in his heart, as abiding as an inventor's faith in himself there dwelt the hope that some day, somehow, he would strike it rich in the stock market. One day he borrowed five dollars from a man who had made five thousand in Cosmopolitan Traction. The stock, the man said, had only begun to go up, and Gllmartln believed it and bought five shares in "Percy's," his favorite bucket shop. Tho stock began to rise slowly but steadily. The next afternoon "Percy's" was raided, Gilmartin lingered about New street, talking with other customers of tho raid ed bucket shop, discussing whether or not it was a "put up Job" of old Percy him self, who, It was known, had been losing money to the crowd for weeks past. One by one the victims went away and at length Gllmartln left the ticker dis trict. He walked slowly down Wall street then turned up William street, thinking of his luck. He had not even his carfare. Then he remembered that he had not eaten since. breakfast. It did him no good to remem ber it now. He would have to get his dinner from Griggs in Brooklyn. "Why," Gilmartin told himself, with a burst of curious self-conternpt, "I can't even buy a cup of coffee!" He raised his head and looked about him to find how insignificant a restaurant it was in which he could not buy even a cup of coffee. He had reached Maiden Lane. As his glance ran up and down the north side of that street, it was ar rested by the sign: . j MAXWELL & KIP. : At first he felt vaguely what it meant. It had grown unfamiliar with absence. The clerks were coming out. Jameson, looking crustier than ever; Danny, some Inches taller, no longer an office boy, but spick and span in a blue serge suit and a necktie of the latest style, exhaling health and correctness; Williamson, grown very gray and showing on his face 30 years of routine; Baldwin, happy as of yore at the ending of the day's work, and smiling at the words of Jenkins Gllmar tln's successor, who wore an air of au thority, of the habit of command which he had not known in the old days. Of a sudden Gilmartin was in the midst of his old life. He saw all that he had been, all that he might still be. And he was overwhelmed. Ho longed to rush to his old associates, to speak to them, to shake hands with them, to be the old Gilmartin, He was about to step toward Jenkins; but stopped abruptly. His clothes were shabby and he felt ashamed. He turned on his heel with a sudden impulse and walked away from Maiden Lane quickly. All he thought now was that he would not have them see him in his plight. As he walked a great sense of loneliness came over him. Ho was back In Wall Street. "If I could only buy some Cosmopoll tan Traction!" he said. Then he walked forlornly northward to the great bridge on his way to Brooklyn to eat with Griggs, the ruined grocery man. (Copy right, 1S03.) Trovatore" given In Rome, for the season. The greatest singers took, part on this evening and Darclee Harlclea, the most tamous of all Italian sopranos, sang as guest. Many of the scenes had to be repeated, and although the opera com menced at 9 o'clock. It was not over till l A. Ji. Tne opera performances in Paris are amateur in comparison to this given in .Home, nut the Italian artists them selves are best In their own operas. There was a splendid illumination of the Colosseum by Bengal light. On a platform In the center 80 mandolins and guitars gave a grand concert under the direction of the well-known Roman man dollnlst Glulio Tartaglia. The lights were fantastic combinations of violet, yellow and green. The interior of the Colosseum was illuminated with fire-colored lights In a manner to show every detail of the monument. In Florence we went to wa ftiWni where the Crown Prince of Germany and nis Drotner, lnce Eltel Frledrlch, were in ine auaience mranz Ondrlcek, the Bo hemlan -violinist h.Tjo rav hrn vonr cessful concerts In this riiv. Ac the city of churches so is Florence the city or art, in tho TJfflcl Gallery are the famous nictures of Madam Thnim Rubens, Guldo Renl, Raphael, Michael Angeio ana Titian. The Plttl Gallery, wnicn is mucn smaller, contains the fam ous "Madona Of the Choir" iv TJn-nhnt Giorgione's "Concert." Titian's "irned.a- lena" and gems from Del Sarto and Cor- regio. Tom tne pitti Gallery Is the en franco to the Boholl Oaxrlflnn. -which Mm mandn the finest view of TTloronpo trUVi its palaces and churches and the dome ana campanile of tne catnedrai. After a most instructive and amusing visit during which time Cupid was no laggard, as five couples have agreed to become partners for life, we reached Paris in time to hear Sousa and his band.. His soloists are Miss Estelle Lleb llng and Miss Maud Powell. Miss Liebllngs voice ha3 much Improved and she is meeting with wonderful success all over Europe Miss Llebllng Is only 23 years of age and Is the youngest singer of lame that America can boast of. Her high notes are marvelous and truly like those of a bird's, and her lower tones are full and rich. Miss Powell Is the best violinist that has ever traveled -with Sousa and to this fact both Mr. and Mrs. Sousa both agree. Mr. Sousa says he has at present no thought of any other soloists and that both Miss Llebllng and Miss Powell are re-engaged for 1304 and Fall of 1S05. ' Just now Paris is in mtv attire, for TClnff iawara la ncre tie arrived yesterday and is the guest of President Loubet at the Elysee Palace, rue Faubourg St. Honore- Tho windows on this street sold all the way from $40 to $100. Strictest order prevailed and England's King -was safely guarded by the French militia on either aid, Hs -was drMged. in yellow WE TREAT MEN ONLY Under our treatment, every bit of relief is a part of a permanent cure. That is the only kind of relief we treat for. We, of course, do every thing that should be done to ease pain or remove distressing symp toms, but our treatment proper is always directed toward, the accom "pllshmcnt of a thorough and lasting cure It is ono thing to relieve and another thing to cure Sometimes relief appears to be a cure for a lit tle while Then sometimes the pa tient is sorry he was relieved, for there are cases in which treatment that seems to beneflt wonderfully brings ultimate injury. Our methods are beyond a doubt the most speedy, permanent and safe methods which cannot possibly produce undesirable results. Dr. W. Norton Davis Contracted Disorders Be sure your cure is thorough. Not one of our pxtients has e've'r had a relapse after . belng dis charged as cured; and we cure in less time than the ordinary forms of treatment require. Stricture Our treatment is absolutely pain less, and perfect results can be de pended upon. in every instance. We do no dilating or cutting what ever. Positive Cure for Weakness Our success in curing thoBe" de rangements commonly termed "weakness" has done more to ex tend our reputation as specialists in men's diseases than any one other thing. We were the first to dis cover the fact that "weakness" Is merely a symptom resulting from a chronically inflamed prostate gland, and that to remove this inflamma tion is the only' method of perma nently restoring lost -vigor. To this day our system of local treatment is the only successful one In use. In yeara we have not failed to ef fect a complete cure, -which is a statement that cannot truthfully apply to any other treatment be ing employed In these cases. Of course, there are occasional cases that have passed into the incurable stage, and these we do not treat at alL Our long experience enables us to recognize them and to select only such cases as we can cure perma nently. Reflex Ailments Often the condition appearing to be the chief disorder is only a re flex ailment, resulting from some other disease. Weakness some times comes from varicocele or urethral obstruction; skin and bone diseases result from blood poison taint, and physical and; men tal decline follow long-standing functional disorder. Our long ex " perience in treaUng men enables us to determine the exact conditions that exist, and to treat accordingly, thus removing every damaging cause and Its effect. Varicocele ' Varicocele is a relaxation, knot ting and twisting of the most im portant blood vessels of the sexual system. It stagnates the local cir culation of waste and repair. ' Neg lect brings derangement of func tions and injury to the general health. Most physicians resort- to surgical operations and hospital treatment. We cure varicocele without operation, pain or deten tion from business'. Our cures are absolutely permanent, and no ill effects whatever can follow pur treatment. Piles Quick Cures Certain -Cures We cure the worst cases of piles permanently without the use of ointments, without pain, cutting- or detention from business, in from two to three treatments. Our treat ment is entirely new and peculiar to ourselves- Remember, no mat ter who has failed before in your case, we will cure you with mild methods, and "without danger; or else make no charge whatever for our services. Should you live at a distance, we can treat you successfully at home WE ARE ALWAYS WILL ING TO WAIT FOR OUR FEE UNTIL A CURE IS EFFECTED. Hours 9 to 12, 1:30 to and 7 to ; Sundays and holidays, 10 to 12, DOCTOR W. Norton Davis & CO. 14 5 Sixth St., Cor. Aider Portland, Or. ond had a very satisfied expression on hla. face. Cries of "Long live the King" were, heard everywhere. The crowds cheered wildly. The street Faubourg St, Honore' is continually crowded with people, as the King will pass several times during hfcr visit hers ' LILLIAN LITERS,