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.