Image provided by: University of Oregon Libraries; Eugene, OR
About The Sunday Oregonian. (Portland, Ore.) 1881-current | View Entire Issue (Jan. 13, 1907)
TUE SUNDAY OREGOMAX, TOKTLAND, JANUARY 13, 1901. I!7 Isaac Seligman, Famous Banker, Explains in an Interview Marked by Extramo Frankness. BY JAMES B. MORROW, yAK money be made In Wall street? What chance, for- example, has th farmer or country mcrohan t who speculates In stocKs? Or the nnancier or the city, whose passion or conceit per- iutd lilm to add A side line to book kceplng, rroeeries or a milk route? I earrlrd these Questions Into the teeth of the financial district and laid ' them boforn Isaac Newton Sellfcman, a banker who is known all over Europe and wher ever the money of civilization circulate?, jtef s into the blood and thence the head a lid heart of man. The stock exchange, hcadtiuarters In America ot the hosts of avarice and adventure, was just around the corner. In the street near by brokers of the curb, with wares not yet counte- naneed In the temple, were yelling like ravages and malting- furious and ridicu lous signs with their ringers to other; brokers hanging out of windows, A slender, pale and gray-bearded man, Mr. Sellgman looks much older than his ai?e, He wore a black frock coat, striped trousers, a fancy vaisteoat and lcmon- colored spats. All in all. he scarcely ap peared to be the athlete who rowed in the Columbia crew a generation afro and helped In the defeat of Yale and Har vard on Saratoga Lake. Since the death of his father he has been at the head of one of the moBt opulent aoid famous Jewish families in the world. "Has the man." I Inquired, "who is without information concerning the pur- pows of Important speculators an oppor tunity to make money in Wall street?" Chances Arc One to Five. "There is one chance for him to win sth in st four or five chances for him to tose." Mr. Scligman answered. "A. widely celebrated stock operator, a maker of the markets on more than one occasion, has said that wttli all his Knowledge of the Intentions of Ills competitors In the street, he counts himself fortunate If he wins four times out of seven. The 'lamb,' as lie Is called, who knows nothing and is a beggar among kings, can figure out his own future from that hypothesis." "What advice have you for persons of i mi ted means who want to make a little more than savings bank Interest on the money they put away?" "Money can't be safely Invested and pay more than .tv or 4 per cent. Beyond that rate of interest there Is hazard. When one has a little capita! the con vertible bonds of a sound railroad offer fair return and a conservative specu lation. Such bonds can be exchanged for wtock at a fixed price during a certain period. When the stock goes above the price it can be accepted in lieu of the bonds and sold at a profit." "Ave the shares of railroads as secure as their bonds?" "Bonds are mortgages: shares are not. Tnterest on bonds inut be earned before dividends on shares can be declared. The shareholders take what Is left after the THE .MAKINQ':;0P:-BILJ PAPA'S CONSENT This is the first of a series of letters by Gasper S. "Vost. author of "The Making of a Successful Husband," a series published by The Sunday Orcg-onian about two years ago. Those letters found their way into hundreds of scrapbooks throughout the Facific Northwest. Into the new theme starting today. ''John Sneed'' injects the same sort of homely comment and 'sound advice, plentifully seasoned with pood humor, that marked his -initial venture into the field of matri monial philosophy. The present series will run for ten weeks or longer. Ry Caspar S. Yost. MY HEAR LITTLE OIltL: I am Imply consumed with astonlali nient. The Idea of my daughter, my ltttlo sweetheart, thinking of mar- riajro. comes to me like a blow from piledriver, and you Know, my dear, that ptledrivers hit a pretty hard lick, especially when you aren't looking. I'm away from home so much that It's mighty hard to realize that you are not my baby any more, that It is no longrer proper nor dlsniflcd to dandle you on my knee not for me, at least; that your dresses have lengthened downward until they curl around your dainty ankles, and the golden hair that used to hang down your back like a fitrcak of woven sunshine Is now done up in a fashionable something or other on top of your head.. I forget that you are a young lady, a graduate from a swell seminary, can hammer the piano to make a Paderewskl I'm not sure whether I spell that riglit or not sit up and take notice; can embroider dinky little flowers so faithfully that the honey bees come into the windows to suck the corner drugstore perfume fvom their silken centers;, can quote Virgil and Tennyson and Browning and other people that I don't understand and don't care to, but am mighty proud that you do: can write and read such erudite papers on the whltherness of the wherefore at the women's club that all the hearers, I am told, are filled with wonder that so much knowledge could bo brought together under such a pretty hat. In short, my dear, I for get that my daughter as an up-to-date young lady Is strictly It. I don't want you to think T love you any the less because you have grown. away from the child of my dreams. It is. only that time gets such an ever lasting hump on Itself that your old daddy can't keep up with It. and when those rare and fleeting moments of homecoming bliss are granted to me I often have to rub my eyes two or three times before I can be sure the change In you is real. r.i me. child, it a.-ciiin only yesterday that I was reading" you fairy stories from a. yellow-eovered linen book and showing- you how A differentiated Trom Et by certain peculiarities of architecture. Don't VQU remember how you used to hide be- - hind the rose bush by the walk and jump out and frighten mo half to death by Hollering "Bool" when I came home in the evening? Don't you remember now you used to climb up into ttaa bay mow and slide down with a cry pr bondholders are paid. If times become bad a railroad may nags Its dividends. It must meet its Interest charges, however, or ho Into the handH of a receiver. I own stocks, of course, but I invariablv Invest trust funds in first mortgage bonds. Rich farmers in the West. I am told, are be ginning: to buy railroad securities. .Real estate mortgages are good too, but care should he taken that the farm or Mid- injr is not mortgaged beyond Its value. T prfpr railroad bonds because they don't require one's personal attention. Mort- pges do: you are compelled to watch thorn all the time." "Are AmeHcann money-mad?" .llurming Struggle for Wealtli. "1 wouldn't say that we are really mad. but the struERle for wealth Is, becoming almost alarming. It is more heartlens and intense in New York than anywhere else. Fortunately we have classes-literary men and educators, amnnsr the rest who have not been affected by the lamentable spirit of the time. The luxury of the day is unparalleled. In the middle ages prodi- gnlity was confined to- Kings, their favor ites and the feudal chieftains. The com mon people the blood and bone as well as the conscience of all nations-were not enfeebled by waste and idleness. Now luxury, at least in America, is becoming Poneral. Forty-elRht or nf ty millionaires have come to this city from Pittsburg. They live here and pour out their money with prodigious and lavish hands. Thirty men who had very little were made im- mensely wealthy by the United States Steel Corporation. Some of them are members of the Pittsburg colony. Mil lionaires have moved to ew York from various parts of the country. They help to make living in this city hard and costly. "I .have been Informed by Nicholas Mur ray Butler and others that college pro- lessors who get K3QQ or JMOO a year can hardly make both ends meet. They must paySlEO a month for a flat, whereas not long ago their rent was no more than SOO a year. These men are driven Into the country when they should be taking part In the social and ot her activities of the city. Our extravagance has had its in- fluence abroad, especially in Germany, where hotels have increased their prices. 1 have seen it stated that American tourists spend $100,000,000 in Europe evcrv year. "The actual total, as shown by letters of credit which pass through banks, is a bou t 275.OOO,O0O. This amazing sum is paid out for luxuries such as pictures, Jewelry, clothing, and hotel bills. Wealthy men are no longer satisfied with horses. They must have automobiles. We are blessed with abundant crops and with much gold, silver, iron, copper, coal and lumber. Accordingly, our prosperity is not menaced at this time. Men have got to make money to keep up with the pa rade, and the savage pursuit of tt by the rich and the manner of their living have ntilckened the step of the whole nation until everybody, almost. Is on the run. "Of course there have been complaints about the vice of luxury ever since man laid away the skins of barbarism and put on the clothing of civilization. Conditions have been growing better all the time. and every thoughtful and kindly person LETTER NO.l alarm at the start and a shout of de light at the finish when you landed safely in my arms? Don't you remem ber but pshaw! ot course you don't. You haven't reached the age of mem ories yet. In your imagination all the beauty and brightness and glory of life are just ahead of you, and you look that way. I pray God that 'you may always look that way, always see the sunshine a little brighter just be yond until you bask In the light super nal. And now my little girl wants to get married and would like to have papa's consent. Papa's a good deal In the po-v sitlon of the countryman who goes up against the shell game at the circus. The young man In the case Is working the shells, and the chances are a hun dred to one against -papa. I'm mighty sorry that I don't know hlm. At least I don't remember having met him, un less he was one of that string of dough-faced popinjays that danced around you all the time I was at home last trip and kept me from seeing you when I wanted you all alone. Of all the high-collared, turned-up-trouser dudes I ever saw that bunch was the worst but there, maybe he was one of them. and. come to think of it, my Judgment v:as based on the mass. You look at a sand pile In California and you'd never dream there were srold nuggets in It, but sometimes there are. and I'm hoping you've panned out a pretty big: one. and one that will assay up to the limit. You say he's the dearest, sweetest,' bestest but, my doar little girl, if Mr. "William Jackson Rollins Is all that you say be is the morning papers in Heaven must be running display advertisements asking for information abouts of a as to the where lost, strayed or stolen angel, if William fits your description he's grot no business down here. His proper Job Is flitting around the. pearly gates shooing away us old sinners who want to break In. But I'm willing to make allowances for super latives or rhetoric and enthusiasm and consider your prospectus on a 1 per cent basis. Besides, your mother as- sures me that William is all wool and the proper width, and -40 years expert- ence has taught mc that your mother'8 judgment can be relied on. Peraonally I don't think any man' that walk or any that rides In an automobile. lor that matter-is good enough lor my little, girl.' but you old daddy's got sense enougrh to know It's- the way of women to let some good-for-nothing cuss in trousers Is glad of It. " The poor can now have hooks and music and the comforts of life. Sir Josiah Child In his speech on the pub lic revenues of England said that In 1GSS there "were more men worth flO.OOO than there were m 1650 worth a thousand; that 500 with a daughter was. in the latter period. deemed a larger portion than 2000 in the former; that the gentlewom- an in these earlier times thought them selves well clothed In a serge gown. which a chambermaid would, .in 1688. be ashamod or. and that, besides the great increase in rich clothes, plate, jewels, and household furniture, coaches were aug- merited a -hundredfold.- We all welcome the natural growth of wealth, but eitrav agance is uuite another . matter. Sir Josiah Child drew a wholesome and fle- sirable picture. The reckless expenditure of Francis Bacon. the lord chancellor, caused him to take bribes and to be re- moved from offlct and fined J2WM Then he became a philosopher and wrote him self Into the literature1 of the world. I think philosophy should precede cxtrav- Bgance ana not follow It. If that order were observed there would be less waste and conHiderable Trior virtue In the world. And happiness, too. when you come rtsrht down to it." "Are not the Jews makine cxtraordi- nan- headway in New York in large banking. Industrial, and commercial un dertakings?' Own Newspapers and Theaters. "They are. Newspapers and theaters also have been given into their manage- ment. Kuhn, Loeb & Co.,. James Speyer & Co. and our own house are illustrative of what the Jews are doinpr In banking. The first Jews to come here were Por- tuguese. They were good men of busi ness. The Germans who began to arrive in 1845. however, were better, and the Portuguese were crowded out. Then the Russians, shrewd and able in ell practical matters, vanquished the Germans. It is said that Jewish names are over many of the stores and factories of New York. True enough, and some of the best stores and factories at that. However, It is not generally known that most of the names are Russian." - "What has made the Jew so uniformly successful in business?", 'The animal which is the prey of man and other animals adjusts itself to con ditions and nature lends Its help. The pheas sant is as brown as the forest leaves- In which it hides. The squirrel can jump from one tree to another. Excluded from land and the mechanical trades, the Jew adapted himself to other things. He had to live. and. therefore, to work. But there are inborn characteristics among the Jews. Moreover, they have had the laws of Moses. I am a liberal Jew, Tout I don't lightly cast side the Mosaic writings and teachings which have gov erned my ancient race. You must re member that the Jew takes a profound interest in the thing he has to do. He gives his business all of his time and tal ent. A. moral man. he loves his home, and Is there when he isn't at his store. bank, or factory, i am not talking of the young Jew, the Jew of today, whose life is before him, but of It La father and grandfather, who wrought out their own characters and destinies, "I'Vom Abraham down ' the Jew has venerated and obeyed his father. There is a head to every Jewish family, and among parents and children there is more than the usual bond of affection. loyalty and helpfulness. Tf you look: Into the matter you will find few di vorces among my people. There are many more now than formerly, but, as carry her off, just as I did your mother, though for the life of me T never could understand what she could eee in this bundle of bones to hanker after. The Lord did a mighty good job when he made woman, but It seems' to me he might have improved upon Adam a little. Maybe it was because, as the old darky says, he had more' "sperlence". when he got to the woman. Maybe, too, he had reasons of his own for the difference. I've no doubt he could have made us better If he had wanted to. but for some Inscrutable reason of his own he didn't, and you women are jusrt naturally compelled to take us as you find us. Consequently I don't expect to find perfection in William. If he's got a sufficient quantity of good, everyday sense, If he's honest and upright, if he doesn't jump backward when anybody says work, and if he really and truly loves you. I reckon that's all that I can reason ably expect. I'm not particular about the size of his bank: deposit. Just as an evidence "of back bone I hope he's out of debt and has a little money laid by. I would hate to see you married to a dead beat or a spend thrift. One is a moral and the other is a mental delinquent, and you wouldn't be likely to find happiness with- either. But given industry and a disposition to spend a little less than is made, and comparative .poverty In youth Is no great drawback. When I married your mother I had a stout heart, a steady Job, my . trousseau and J200 in cash. That was all my capi tal. I have more than that now in cash. but I don't feel as rich as I did then, nor was I in reality. That is a good enough foundation for any youngster to begin married life with, provided, of course, the girl in the case is contented ro start with that and be satisfied with what he can provide for her without overstepping his Income. So I say that If William Is as well fixed as I was I shall have no objection to him on the financial score. But It Is mighty important that he have this start, small as It may seem to some people, for if he hasn't got It now, he isn't likely to get It after marriage. Unless you are al ready Informed. I would advise you to talk thia matter over candidly with him and And out where he stands. It's mighty embarrassing to a bride to find the tailor's unreceipted bill in the. Inside pocket of her hubby's wedding coat, and if you dis- cover that William is a little backward In money matters you'd better postpone the joyous ceremony until he can get a move on himself and get ahead of the pay wagon. On the other hand, my dear, if your fiance I hate that word, but it's con- venient sometimes-lf he has a role as big as a telegraph pole. I wouldn't con sider It an insurmountable obstacle. Money is a mighty good thing to have lying around, and I don't know that I would consider It advisable to put a limit on. the amount, provided It doesn't pile up around a man's legs so that he can't work. It seems to me that of all the use- less and unhappy critter on earth It's the young fellow saddled with an Income so big that he has to put in all his time getting rid of It. Ite a good thing to keep money in - circulation. but under such conditions it has a tendency to par- alyze all that is best In the circulator If a man has a genuine, useful ambition and goes ahead with bis work ju.t as though he had to make a raise before he X ..Vs ISAAC XEWTOX I said. J am not describing: or discussing- the present generation. The fam- ily of a Jew is the center of his love and interest. His business provides food, cloth lnjy and a shelter for his wife and children. Can't you see why he works and how closely the affairs of his world out of doors are knit Into the affairs of his home and heart. But lie has -had a hard Tight. His manner and his appearance are against him. He is not nearly so attractive person ally as the rosy-faced, blond-haired Swede who may come In the same ship. Can't AVork in the Street. "Tie can't work in the streets like the Italian and neao because he. is phys ically Inferior to both. Taught self-re- Hance by persecution, he may go" into could get a new sack of flour,1 a surplus of a few millions, more or lefts, isn't going-", to hurt him. ; However. I don't see William's name In the list of multi-pluto- crals. In fact, my dear, I am unable to find it in any of the rate books of the mercantile agencies, which ' a mild curi osity induced me to scan. So I don't sup pose I need to worry .about his, money bursting tho seams of his trousers pock ets, nor lay awake nights thinking of the trouble you'll have in spending it. I have taken it for granted, little girl, that you love each other. I don't know why I should," for l-ara'well aware that love is getting to be unfashionable; but l am one of those old-fashioned fellows who believe ' that love is quite essential to happiness in married life, and have no patience with-thoae people who hold that mutual esteem is a satisfying substitute. There are lots of men and' lots of women that I highly esteem, but I'd hate, mighty bad to have to make a contract to live with any one of them- indefinitely. Love is . an entirely different proposition. It comes to the normal man or woman but once once ' at ' a , time - at any rate and it's the feeling . which the good Lord meant should be a prelude to and a necessary accompaniment of the relations between man and- wife.- It's the real di vine lire, - little girl, and there are no substitutes that are of as much value as a cockle burr in a sack of oats by com parison: .But young folks are sometimes mistaken in the feeling. They are a good deal like the fellow who is expecting to catch the itch and thinks he's got it every time a flea bites him. Do you remember how you broke out with the hives at the same time Nannie Jones was down with the smallpox over in the next. block, and how desperately scared your poor mother was? Lots of people make the same mis take about love. They think they have a very serious - attack . of the . -real thing when It's only a case of hives, figurative ly speaking. I hope you and AVilliam have caught the .genuine article. None but the genuine will last, none tout the gen uine will carry you -through the storms and land you safely in" the blessed haven. Your mother and X have passed 40 happy years together. There have been trials and troubles a-many, God knows, but we braved ' and breasted and surmounted them together upheld ' by love. - That's the main thing, honey Do you love him really love him? ' Does "he love you? Money and position - and brains - are of small Importance when compared with love. It doesn't Insure happiness; there are circumstances under which love Is un happy., miserably unhappy sometimes, but you certainly can't be happy long with out it. Yes. my little girl, you have my con sent, full and free. I wish I had more light I wish that my judgment could be baaed ' more upon personal observation than In 'nay confltlence in your mother's good sense, strong as that is, and in your own well-tried . discretion. I would . like much to see and know the man of your choice before X handed you over to his Keeping, tut I am eo situates that I can not do as I wish. I must so it blind, my dear, and perhaps It Is just as well. IX X were at borne X would perhaps do Just as your mother and yourself ddred me to do. and - whether we know or whether we don't, we must still, to a certain extent. go It blind In this matter of matrimony. A. GGESSFUt 1 1 5 SEI.IGMAN. business for himself. If It be no more than - a ragbuyer's pushcart. Condi- tions and the Jewish law have made him what he is. There have been great Jewish musicians. - but tew artists and no sculptors. Here, again, we rind the repression of the law, which says: 'Thou shalt not make unto thoe any graven image, or any likeness of any thing that is In heaven above, or that is in the earth hepeath, or that is In the water under tlie earth. " "How many Jewp are emigrating- to New Y ork annual kV 7" "Ninety thousand; and we have con siderably more than 750,000 as it Is. The united Hebrw charities collects S330.000 o year, -Lfd It kI v;s -t h poor Jew a little monrey until he can get employment and become sclf-support- WIFE We have to" take a good deal on trust, anyhow, and we can only hops and pray that your married life may be as' happy. as free from care, as your mother and I have tried to make your childhood days; that your husband, may be. and always be. 'all that you' now believe him to be. and that as. wife and mother you may reach as near to perfection as the dear one who gave you birth. And now, little one, as to your wed ding. I don't believe in loiiff cnK&go- mentis, but don't be In a-, hurry. If you live the usual span, you'll have quite a considerable spell of married life, and a few months of waiting isn't going to hurt either of you. On the contrary, the en gagement is Br-period or trial that is' a mighty valuable preliminary to marriage. It pives you a. chance to eet better ac quainted with' one another, to net a cloe er view of the one's qualities, to find out whether you are jeally fitted for life to- gether. Many a horse that seems per fection develops fault in training- that disqualify him, and it's the same way with man. Give him enough rope to show his true colors during the engage ment, and then you are in a position to sidestep if serious difficulty should arise. There's no rush about it. The panaon isn't going to leave town. If he does there'll be another waiting for the fee and just as anxtous to get it. And what ever you do, honey, "don't sneak out of ANIMALS TRAINED BY CRUEL MASTERS Agony Is the One Means Employed; So Declares a Man Who Revealed Professional Secrets HAVE an old-fashioned- belief that one should never 'make a damn- i 1 ing- statement unless he Is pre pared to prove it up to the hilt. And so I am confronted at the outset with an almost insurmountable difficulty to the layman who would accurately inform himself of the methods of animal training there Is opposed a bulwark of conceal- ment grim and silent as the great wall of China." writes V. Rainton Clarke In the Manchester Chronicle. "The slib assurance that 'It is all-done by kindness' has beconie a byword. No true lover of the animal believes It; nor could any reasoning creature, lacking that particular afTectlon. 1C he will care fully examine such tacts as are obvious. ' "Granted there are animals of extreme Intelligence and ductability1. Granted there are men and women of extraordi nary influence over birds and beasts. The best these twain can achieve In combina tion dos not produce an effective stage show, nor can one-hundredth part of the 'entertainment' provided by the trainer be ascribed to his abnormal ability or to the especially acute Intelligence of his pupil. Xt is more probably the triumph of & brute over a brute by patient and persistent cruelty. Taught Throuirh Agony. "The public Judges by what it sees on the stage and remarks in admiration and approval that there ' was 'no sign of a whip." An animal exhibitor who waa avowedly cruel would be pretty low down in the ranKs of-showmen, i won a par- ticularly ferocious-looking bulldog, who goes craxy with deliicht at the sta-ht of a wh ip. It has been his pet toy for years and means the beginning of a romp. On the other hand, a movement of the train er's finder, almost imperceptible to the audience. may nuggest to the powerful imagination of the animal Aendish tor . i Oimtimm ite Struggle fop Wealth in New York as Most Heartless and Intense. ing. Unfortunately, a sood . many of the immiftrants sro to noritllinir t lli fisll market, or 1 1 1 111.- nt i-.-.-l ... :-:. n i , sliocmakrn. tlnsmltlis . ml butolu rn. Not a few find work In sweatshops, The Russians whose names are seen on the aigrns In Broadwa.v l . . ; : ). 1 1 in tlint manner. 'I " 1 1 . - - HvpU on w Un t Amerl- cans would throw - out, worked carlv and late, and now they are Independ ent. C!o to J 1 1 ; Kast Sfdn nI you will be astonished at th proprr.-ss whl.-l. the Jews are inakinff. Their clifUiren are in school and are refusing to sonk Yiddish at home or at play. As a rule, they are an Industrious, frugal anil law-observing class, of people. Thry own things, or will, either niorchandl: or some little business, and as men of. property they will be const-rvatlve citi zens." "Are any .considerable number of Jews accepting Christianity.'" flings to JIls Fnitli. , 'Wot in this country. Proselyting: so cieties have been formed, but they nre a waste of money and efTort. The American Jew has all the rights that other-? have, and he gains nothing by rejecting his. religion. I am son y to say, however. f.n t many of th- fore most Jews in viot man;.- are binjs bap- tized, An old law which keeps thorn out of the army and deprives them of other puhltc offices and priyi leges Is blamed for their recreancy." "How did you begin your business life?" . "I could have gone Abroad after ! ing graduated from Columbia College, but I preferred ttie bank. 1 was put into a hack room. wi,oro worked over booKs at 510 a wi'pk, and rot w knowl W of uccoiinthis. Tlim I was sent to New Orleans, where' wc hftd a branch house that was largely engaged In buvlnx cotton exchange. AVIien I re turned to Ne' York I waa gvn a de partment In the bank here and ?10,OUO a year.' I earned mv first money by Marline a circulatiiiK library. Hora tio Algr. Jr.. tlie ai.ihur or books for boys, wai a tutor in .my father's fam ily for a dozen years. He wrote some of his books In our house. Maybe T got my library idea from him. " Any way, I find my brothers and cou:ins bought books and rented them out. I suppose I made a dollar or two a week at the business." "'Who established the banking-house of J. & W. Sellgman?" "My father, whose given name was Jo seph. He was born in Bavaria and edu cated at the University of Erlangen. When he was graduated he wrote an ad dress to the faculty In Greek. Indeed, he could read or speak five language!). He came to this country when lie Wiis lf years old; landing in New York with f :trs In his pocket. Shortly after his arrlvul he was introduced to Asa Packer, of Philadelphia. founder of Lehisli versity, and projector of the IiChigh Val ley Railroad. Judge Packer gave him a place as cashier on some work of con struction at a salary of ? IOO o. year, half of which he sent to his parents in Bh- varia. When he was 21 years old he went John Sneed Writes to His :. gaged to Be the back door and be married by a jus tice of the peace with a deputy constable as the witness.. That lrtn t a real mar riage. It's just going through eomc legaJ forms that enable you to live together without beinj? interfered with by the sheriff. ' Her wedding should be the greatest event of a girl's life, something that will be 'full of pleasant memories for her In after years.; a memory of pretty dresses and prettier brides, a mem ory of joyous muyic and glorious flowers, with the odor of orange blo.ssoins hover ing over all and scenting the years like a breath from the blessed land; and, above all, a memory of solemn ceremony and of holy' vow mo Impressed upon young hearts by the beauty and sublim ity of the surrounding. and the service that time cannot efface them. It's a great thing, little girl, ia your wedding; it's the beginning of the real, the serious business of life for you. and It should be approached with a full ap preciation of its outlet and Ite respon sibilities. Besides, you can't "afford to miss the material pleasures of the prep aration; the hours" of shopping with your mother; the making of plans and sped- fications for the bridal gown; the build ing of weird and wonderful garments immersed in oceans of ruffles and laces and ribbons; the delightful little pre nuptial social events with which your friends honor you you mustn't skip all ture it may recall the hot irons, the ago nizing tltillatlon of a nerve. "Such appeals to the mehiory are, in truth, the stock in trade of the animal- tralner. What the wretched creature has gone through during months of daily preparation can never be known, for the work. is carried out in secrecy and se clunlon. There 1st rarely a second person present, and the brute cannot speak. That is the most hideous factor of the case. "There is no concealment of the fact that the training is apt to be hard and painful, and a blow Is not uncommon from the most humane and patient train- er, angered It may be by stupidity and in subordination. If it is so with the boy what must It he with the brute? Trainers Are Cruel. "There is no possession so hideous as that of the triumph, even momentarily, of cruelty. Touch a child, a horse, a (dog; with a whip and there la a hideous sense of satisfaction, even, when the cause is righteous. The Joy of -Inflicting pain is possible to the best of us, and grows by what it feeds on. "Imagine the situation between a coarse vulgarian and a helplens bru te. and you get the process of animal training. "I have never known a disinterested member of the circus community pretend that the education of any animal was pleasant to the animal, and T have Known them .speak with horror of the methods of some trainers. "Tt is not very Ion jar since an athlet snatched the whip from a well-known clog trainer on the stage of a London va- ricty theater and soundly thraslied hlm amid the plaudits of the company. "Another distinguished professor m blacklisted by one of our largest syndl- cates ror undisguisea cruelty (off the stage) to his large and various family. Two of our best known managers abso lutely refuse to deal with animal "turns' and make no concealment of their rea to Grefnsboroiifih. Ah... and stari-d a nitie dry gotwis store. He prospered, and ji tl SCTKiiriR to l-.il i-i for IiIh r-N brothers ami three slstt rs. H e brouglir 'i t tiirm to mis country, ami. al:-n iiis mother. On the death of his fnthr-r !i returned to Haviirla. and inUI the debt -4 which had been Incurred hv a failure in vU?ine?st Sfai-tcd a- I'atU I'cdd l.iv-. '-I'lre brothers did various thin when ihey rearhed Amvrira. Spvrral of tlicm wore pack-pcddlcrs. Jesso and Henrv 011- gajjed in the dry pxids buninoa at-Watet-town. ;. y.. where they rctnn'.ned for eevcu year?, ami aid well, My father and his seven brothers finally Imiuie.l tlirir money- tOKPtht-r and oiennd an linjort!n: Iioumv In tiiiH ,ity. Tliey t-iintiiiiiod t.. make money. Tlic Civil War and Hie dif ficulty which the Govern mont hud In get tins: funds drew my father's attention to financial matters. The imi..rlliiK house was sold nml tlie eight .-Selismuns, my father at the lieyd of them, hecam? hank- ers. 1 suppose they had nearlv St.Ooo.ftVi a ni on fx them. The firm wa known as J and YV. Seliirman & Co., nnd so it has remained until this day, although ail of the brothers but one are dead. "Branches of the bank were opened in this country and Kurope. Joseph, .Inmcs and .Jose rcniainrd in Now York Qlty. Leopold and Inac wore resitlcnt partner. hi London. . "William went to the Pari a brunch. Henry and Abraham manuced the branch at Frankfort-on-the-llain. Iter banks were MH-nod in San Krait eixco and :rw (IrN-ans. The credit of this Government was not Rood in Europe durins: the year ISffl, hut my father sold a prood many war bonds in Germany, and W s otherwise wo liflpftil to the authori ties in WahlngUn tliat our fivlon bank was made the rcpoMtory for the Slate and Navy Departments. Kor many yenrs our Naval officers drew on our bunk, from all parts of the world, and on one o--- slon the Government owed us more tluui $l.(WO.(!0O. which' we' rarried for a consid erable period and until Washington could ruiso the money to pay tt. "My father drew the syndicate plans in 1ST1 under which the ,",-20 Tnitcd States bonds were refunded at a lower rate of interest. Kor ;X years we have been associated with every syndicate that lias disposed of the securities of tlu Govern ment. We were ilnancial agents for th? old Panama canal. and the $JH.OOO.Oo: which was sunk in that deplorable enter- prise passed through our hands. General Grant was my father's personal friend, and asked him to be Soeretary of 1 1 1 a . Treasury after A. T. Stewart's confirma- tion- had failed in the Senate. Hut the bank needed him, and his brothers beKKfd him to let politics and public office alone. The eight brothers were eo.ua! partners, but my father was at the head of the firm arid the family. So he declined to enter the cabinet. My unel had chil dren, and the Sieilpman cousins jiot to be rather numerous. When my rather died, therefore, the ionK-wtandinjr part nership was brought to an end. but the banks are doiiiR" business just a before. and we are all interested in them, but not exactly on the old basis." Daughter Who Is En- Married. all these just iHvaupe William is imim- tiont. Give him to understand that any thing worth having is worth wai tins' for. as well ae working for, and If my little girl ain't worth having I don't know any thing on this Rreen earth that is. No. sweetheart, take your time and get m:ir- ried right. I haven't any use for these impromptu weddings. "Let's go out and get an ice cream soda, and while we're about it we might as well tie up." That's the kind of stuff that fills the divorce courts and the newspapers with harrow ing talea of unhanpinesA mt do that. dearie; it don't pay. Besides, I want to have you for my own a little longer, and when you do get married your old daddy wants to be there, to bo permitted to walk down the aisle of the church witn you on his arm and to give you away. while pride and sorrow nnd joy arc roll ing over one another in his heart. Ye. little girl, you have my consent, nnd muy Clo.l ever bless you. Your affectionate lather. JOHN SNKKD. P. S.-I have just received a manly. sensible, modest letter from William just the Kind of letter 1 ehi.uld want to get from my future son-in-law. It k'v4 me the Impression that his friends call him Bill and I like that. If his name harc been Rt-.eald or Algernon 1 should have f t-lt compelled to have gone some on tlie firs ttraia to look liim over. J. S. (Copyright. 19J. by Caspar S. Yost.l sons. And the editor, lately deceased, of an important professional paer for years refuse to attend any place of en tertainment where dnps or birds, or. in deed, any dumb creature nave convention.' al circus horses, anpeared, ' Evidence' Is Futile. "All these men know what they were about. Most of the other per formers in a music hall Hght shy of the animai- trainers. The stage hands speak with horror of what they see. The mortality uihohk per for ming ani mals is perfectly awful. Ever so many are hopelessly Injured, In the process or education, and ever so many succumb to the dreadful life of niKhtly nerformitneei". "Whenever a ease of cruelty by a pcr- former fomps before the courts one amazed by the Ineptitude and futility of the evidence. "The public is. of course, the main cul prit. It wants the shows, and managers provide them, though they must be con scious of the truth of all I have written. They even assist In the unkiudness. for the stabling and menagerie accommoda tions of some of our largest establish ments are insanitary and inadequate Mil the extreme. "I finish as 1 begin. The cruelty of animal traliiinc is almost Impossible of proof. Much of It should be obvious, and no much of my Indictment as is not to t proved by the obvious is not. I soicmtrl y affirm, based on all desire to lie sensi tional or on Idle gossip, but on the de- pnnduhlc Bsauranee of men and women who dare not submit to public citation." On tlie Outside. Farmer So you've had some experience, have you? Youth Yes. sir. Fiirnit-r Well, what side of a. oow do you sit on to milk.? Youth The outside. Tlt-Biis.
