anaheim-gazette 1911-03-30

ADDRESS IN OPPOSITION TO WOMAN SUFFRAGE MRS. CASWELL MAKES STRONG POINTS AGAINST EQUAL FRANCHISE President of Los Angeles Antis Makes Appeal Against Innovation Before Senate Judiciary Committee—Women Do Not Regard Suffrage as a Duty, and Do Not Want It as a Privilege — Demand by Minority That all women in California are not in favor of equal suffrage is indicated by a very strong organization of women in Los Angeles who oppose the franchise. Among its membership are many of the leading women of Los Angeles and Southern California. Its president is Mrs. George S. Caswell, who has issued a stirring address in opposition to this latest political fad. Mrs. Caswell appeared before the senate judiciary committee at Sacramento and made a lengthy argument in support of her contention. In opposing the forcing of suffrage upon a majority of women who "do not regard it as a duty and do not want it as a privilege," says Mrs. Caswell, our reasons are chiefly: 1st—It is demanded by a small minority of women and those women suffer no practical injustice which the ballot can remedy. 2nd—Women are now able to appeal, for any object, to any state governor, committee, or party in any matter of reform, education or charity, because they stand wholly outside of politics and can have no ulterior motive. They have no favors to give and none to ask. If they have congress only about four hundred thousand names asking for suffrage. Of these over two hundred thousand were those of men. Just now and for the past few weeks, one looking at the situation in California might suppose that "nothing existed but suffrage." This is the method of the National Suffrage Association, we are told, "to start a cyclone in one state and let it revolve at full speed there for the time being, in the hope that women blinded by the dust and terrified by the noise, will cry 'Votes for Women,' for the sake of peace. As to individual legislators the idea is said to be that often practiced in smaller domestic storms: 'We'll worry him till he gives in.' In spite of the well known and undeniable indifference of women themselves, in spite of the fact that so many women are either unable or unwilling to realize that the time for expression on one side or the other is come, the suffragists—a handful to the women of the country—are leading voters astray by incorrect and unfair statements as to numbers and enthusiasm. For example, Barnard college has been repeatedly claimed as putting itself formally on record in favor of suffrage and great was the jubilation naturally. Recently there came a signed statement from one of the professors at Barnard saying that with 300 students the exact membership of the college suffrage club was twenty-one. Both the universities of California are claimed by the suffragists. A recent graduate when asked about the facts replied, "We've never heard any other side—we're only just found out that there is any other." English suffrages paraded recently with a banner declaring that the long dead and gone Maria Edgeworth was a suffragett, or that at least she could not STOCK GAMING Expose of Wall Street Drain on Country (Correspondence) San Francisco, Maine tire country has at the necessity of put the terrible drain on the great gambling street and of the trade. State after state line to prohibit the form of gambling. The latest state to rise against this greatest evils. The campaign against stocks and the necrosis gun in the east a gaining momentum in the nation. The issue has been California by the bold big eastern gamblerization that would generated monopoly in the business. This they do by having enacture a measure (see which would permit the New York stock Chicago board of trustees, to traffic the necessitate of liblers as are not all gambling trusts worked out of business. Happily, the repregnant gambling trusts which this bill have been of slipping their "cause and a halt has been. A bill (senate bill introduced by Senado which would stop stocks and all con- Caswell, our reasons are chiefly: 1st—It is demanded by a small minority of women and those women suffer no practical injustice which the ballot can remedy. 2nd—Women are now able to appeal, for any object, to any state governor, committee, or party in any matter of reform, education or charity, because they stand wholly outside of politics and can have no ulterior motive. They have no favors to give and none to ask. If they have the ballot, they must work through political methods precisely as men do. 3rd—Political equality will deprive women of privileges at present accorded them by laws written and unwritten. 4th—We believe that suffrage is a question not of right, but of policy and expediency. 5th—Universal male suffrage is so far from satisfactory or successful that many of the best class of men refuse to avail themselves of the right. We are opposed to doubling an unsatisfactory process and duplicating its follies. 6th—Women have accomplished so much in the last fifty years without the suffrage that their indefinite advancement without it is assured. To give them the vote is to bind them hand and foot with political chains. 7th — "The English suffragettes have proved that political struggles and excitement may degrade even educated and clever women." 8th—Women's acquisition of the right of suffrage is not progress. 9th—The ballot is only the ballot, after all, and its power is greatly exaggerated by the suffragists. It cannot do for women what it has not done for men. 10th—We believe women to be in no sense inferior to men, but their powers are different and are best developed in different kinds of work and usefulness. 11th—The claim that women will uplift and purify politics is not supported by facts. First. Always the burden of proof lies with those who demand an innovation. We are not obliged to prove that woman suffrage is undesirable. Those who demand of the government a great and sweeping change in any direction should prove that it is so clearly desirable that, "for its sake, the country should run the enormous risk involved in a political and social revolution of the most radical and far-reaching sort. This is law and justice the world over: The status quo, like the human individual one of the professors at Harvard saying that with 300 students the exact membership of the college suffrage club was twenty-one. Both the universities of California are claimed by the suffragists. A recent graduate when asked about the facts replied, "We've never heard any other side—we're only just found out that there is any other." English suffragettes paraded recently with a banner declaring that the long dead and gone Maria Edgeworth was a suffragist, or that at least she could not have failed to be one if she had lived long enough and late enough. Frankly, gentlemen, we as remonstrants fear more than anything else that you are likely to mistake a minority for a majority and so, being worried, will "give in at last." Second. Woman's position on all educational and charitable boards, in all institutions, organizations, congresses and conferences is so perfectly untrammeled that they have been called "The Independent Party." They are welcomed and their efforts are supported by the governors who appoint them and by the men who work with them—because they stand outside of politics and have no axes to grind. They may be mistaken but they cannot be sordid or ignoble. They can have but one object—the advancement of the cause they work for. When they shall go ballot in hand to demand of the powers that be support, moral or financial, for their hospitals, their widows' and children's aid societies, new school buildings and playgrounds, or for a movement in the direction of cleaner streets and back yards, mayors, governors, even legislators, will say to them, "Ladies, you are republicans, or you are democrats; your own party must help you. We are with you in spirit but we are bound by our pledges and our platforms to vote against yoju." Beyond all things do we believe that capable women should be in public affairs. Put them on boards of education, school committees, public charities, prison wards, lunacy commissions, factory inspection—you can hardly overdo this from the anti-suffrage point of view. But keep them out of caucuses and primaries. Refuse to make them liable to the same suspicions, the same ambitions, the same intrigues as men. "Give woman everything she wants, but not the ballot." Third. I get little light on women's wrongs that could be righted by the ballot. Wrong exist. But men, voters also have wrongs. If suffrag- Happily, the repregaming trusts which this bill have been of slipping their "cause" and a halt has been introduced by Sentators which would stop stocks and all commeasure is supportive progressive members who insist upon it end that the greedy east be forever princeing their nefarious state. The people of thahad their eyes open ous New York stobling operations f two years ago, whe gazine published a which exposed tha trust and sounded a now is being echoe actment in various appalling gambling Excerpts from t follow, give a spli the workings of W methods employed out of the public most monumental thing gambling ev STOCK YARDS A Study of the Pr "Killings" in The abiding imp of Wall Street is crats of finance very rich by the tr selling securities. Insist that it is a winess; that without not be built, indu would stop, and th "That may be," "but that isn't exam If Wall Street goes simply for its worl items and exchange tal, we could underto know about tha ly do this, but ww through rebuying same securities up expense—inducing when they are high when they are low. "Wall street so our money there, volunteer to prov First. Always the burden of proof lies with those who demand an innovation. We are not obliged to prove that woman suffrage is undesirable. Those who demand of the government a great and sweeping change in any direction should prove that it is so clearly desirable that, "for its sake, the country should run the enormous risk involved in a political and social revolution of the most radical and far-reaching sort. This is law and justice the world over: The status quo, like the human individual must be considered in the right until we have good evidence that it is in the wrong." It has been gravely asserted that if only one woman wanted to vote, all others should be required to do so. The experience of those who fail to see any right in the argument that because some do not want the privilege of voting, others who do should be deprived of it is not new. A majority always deprives the minority of something and this is especially true of politics. But is there any case on record in which a majority gave up its point lest it should hurt the feelings of the minority or interfere with its rights and privileges? Why should this alone of all questions in the country be decided or "carried through" by a small minority? We believe we are right; we know we are in the majority and the suffragists know it. Would the suffragists welcome a house-to-house canvass of the state? We would. The suffragists claim to represent "woman," whole and undivided. But this claim has small regard to actual fact. Sixty-two years have suffragists in America been at work with almost unrelaxing energy. Yet last March, after months of special and systematic work, they presented to the glee club of the university of Southern California will give a concert at the operahouse on March 31. They give a fine concert of glees, choruses, solos, duets, monologues, cartoon and college stunts. Do not fail to hear the boys. They carry us back to our school days. This glee club comes for the ladies old society of the Methodist church and the proceeds go to make the first payment on the new plano. It commissions, factory inspection—you can hardly overdo this from the anti-suffrage point of view. But keep them out of caucuses and primaries. Refuse to make them liable to the same suspicions, the same ambitions, the same intrigues as men. "Give woman everything she wants, but not the ballot." Third. I get little light on women's wrongs that could be righted by the ballot. Wrong exist. But men, voters, also have wrongs. If suffragists had given to the actual legal wrongs of women one-half the time, energy, and "agitation" that for sixty-two years they have expended in demanding the ballot, every one of those wrongs would have been righted long ago. We hear much about the wrongs of women of property. How many points are there in which "women of property" are wronged under the laws of California which are not more than counterbalanced by discrimination in their favor? I know that while husbands are compelled to support their wives, wives, even when women of property, are exempted from supporting worthless husbands. I know that poor men are liable for debts of their extravagant wives, while rich wives are not liable for the debts of their indigent husbands. If Wall street so our money there, we volunteer to provide capital we lack to right, and we use it again. We are urgent stocks are high stocks are low—the always lose. What Does it build railroad development? If Wall street one hundred countries would refer more manipulation. The fellow fools you see does Wall street that you see and old or so wary his judgment may prices. How much of the tyro. "It puzzles them see how speculators stock can borrow actually succeed in there is on the resting themselves co explanation lies in single stock cert lent time, will seem merable deliveries 500 shares of stock not own. He borrows sells it to C. The es likewise to sell same stock, which STOCK GAMBLING EVIL Expose of Wall Street's Terrible Drain on Country's Resources (Correspondence of The Gazette) San Francisco, March 27.—The entire country has at last awakened to the necessity of putting a stop to the terrible drain on its resources by the great gambling interests of Wall street and of the Chicago board of trade. State after state is swinging into line to prohibit this most insidious form of gambling. California is the latest state to rise up in its wrath against this greatest of all gambling evils. The campaign against gambling in stocks and the necessities of life, begun in the east a few years ago, is gaining momentum daily throughout the nation. The issue has been forced in California by the bold attempts of the big eastern gamblers to secure legislation that would give them a legalized monopoly in this state of their business. This they are seeking to do by having enacted in the legislature a measure (senate bill No. 901) which would permit only members of the New York stock exchange and the Chicago board of trade, or their representatives, to traffic in securities and the necessitise of life. All such gamblers as are not allied with the great gambling trusts would thus be forced out of business in this state. Happily, the representatives of the gambling trusts who are lobbying for this bill have been caught in the act of slipping their "cinch" law through and a halt has been called. A bill (senate bill 1203) has been introduced by Senator Cartwright, which would stop all gambling in stocks and all commodities. This borrows it from C and sells it to E. The same 500 shares of stock will serve the purpose of A and D, the sellers, but between them they are short 1000 shares, whcih they must buy and return. “There is nothing more sordid in Wall street than the use that is made in the stock market by insiders (directors, bankers and the like) of information accessible only to themselves. If they made use of their knowledge in a direct way, as by buying on favorable developments, or selling on those of an unfavorable nature, that would be bad enough. But when, being in possession of favorable knowledge, they begin by manipulating the stock down to induce others to sell that they may buy more easily, or on unfavorable information, pursue the opposite tactics, it is indefensible. This sort of thing, however, is so much taken for granted that professional stock exchange traders habitually sell a stock on any favorable announcement which the insiders must have known was coming. Why? Because the insiders have probably laoded up with stock at lower prices and will now be willing to sell. Hence the axiom: "Sell on good news; the insiders have discounted it. Buy on bad news, and for the same reason." Because things always have been so in Wall street, shall men continue to take them as they find them? Because the stock market is an institution where buyers and sellers never meet, and where for that reason men are able unscrupulously and without loss of sleep to take advantage of the public men who in all public relations are proud to be called honest—can nothing be done? To say, "No, nothing," is to take a despondent view of human nature. The demand arises that the buyer shall be protected against the wiles OVERTAXED Hundreds of Anaheim Readers Know What It Means The kidneys are overtaxed; Have too much to do. They tell about it in many aches and pains— Backache, hip pains, headache, Early symptoms of kidney ills. Urinary troubles, dropsy, Bright's disease follow. The statement below shows you what to do. P. G. Etchison, 820 E St., Santa Ana, Cal., says: "I always keep Doan's Kidney Pills on hand, in fact, I would not be without a supply. Since using Doan's Kidney Pills in 1907 I have had little need of a kidney remedy. A dose or two on a few occasions when I have noticed a pain in my back has sufficed to completely dispel the trouble. My opinion of Doan's Kidney Pills that was expressed in a public testimonial I gave two and a half years ago remains unchanged. I was subject to attacks of kidney complaint for months and if I brought any strain on my back, I was sure to suffer from backache. Knowing that this allment was due to disordered kidneys, I finally procured Doan's Kidney Pills. They went directly to the seat of the complaint and I could not have asked for greater benefit." For sale by all dealers. Price 50 cents. Foster-Milburn Co., Buffalo, New York, sole agents for the United States. Remember the name—Doan's—and take no other. J. JANSS, M. D. Physician & Surgeon 523 W. Center St. Anaheim Office Hours, from 2 to 4 and 7 to 8 p.m. Both Phones W. Harold Wickett, M. D. Res. Phones, Main 8X6 Home 863. STOCK YARDS OF NEW YORK A Study of the Process of Making "Killings" in Wall Street The abiding impression people have of Wall Street is that a few autocrats of finance continue to grow very rich by the trade of making and selling securities. The apologist may insist that it is a very necessary business; that without it, railroads could not be built, industrial development would stop, and the like. "That may be," the people say, "but that isn't exactly what we mean If Wall Street got a commission simply for its work of creating securities and exchanging them for capital, we could understand it. We want to know about the men who not only do this, but who acquire millions through rebuying and reselling those same securities up and down at our expense—inducing us to buy them when they are high and to sell them when they are low." "Wall street solicits us to bring our money there, banks and bankers volunteer to provide at interest the to take them as they find them? Because the stock market is an institution where buyers and sellers never meet, and where for that reason men are able unscrupulously and without loss of sleep to take advantage of the public men who in all public relations are proud to be called honest—can nothing be done? To say, "No, nothing," is to take a despondent view of human nature. The demand arises that the buyer shall be protected against the wiles of the seller. Shall not the buyer of securities be protected? Shall not the man who takes his money to Wall street be protected against the unscrulpulous ingenuity of those with whom he trades anonymously and can never reach in person or with proofs? You who play the market—have you ever stopped to calculate the odds against you in the Wall street game? Have you ever figured how much it costs you to buy and sell securities on a margin? What do you know about brokers' commissions, or bankers' interest compounded? Nothing, probably, and yet these items—the mere expenses of the gamble, the "kitty"—keep stock exchanges going, pay the office rents of the most expensive buildings on the globe, and furnish the millions for the palaces and automobiles of the princes of "The Street." It all comes out of you. Much of the crookedness in unscrupulous brokerage houses is concealed in what is known as numbered or "dummy" accounts. The first utility of a dummy account is to facilitate the bucketing orders by a house with a stock exchange connection. In legitimate stock transactions a brokerage firm accepts an order to buy a certain amount of stock, and proceeds actually to buy it. The customer advances, say, ten per cent of the purchase price in margins. The broker advances a second ten percent for the actual purchase of the stock. If, however, one customer buys a certain amount of Pennsylvania and on the same day another customer sells the same amount of Pennsylvania, the brokerage firm is not required to make an actual delivery, the accounts offsetting themselves in the clearing house. Since there are more public buyers than sellers, this does not happen so often as would be desired by reputable houses. The unfair and inhibited method pursued by certain firms is to buy stock for the customer and then sell the same amount of stock and charge the sale to a dummy account. For sale by all dealers. Price 50 cents. Forlier-Milburn Co., Buffalo, New York, sole agents for the United States. Remember the name—Doan's—and take no other. simply for its work of creating securities and exchanging them for capital, we could understand it. We want to know about the men who not only do this, but who acquire millions through rebuying and reselling those same securities up and down at our expense—inducing us to buy them when they are high and to sell them when they are low." "Wall street solicits us to bring our money there, banks and bankers volunteer to provide at interest the capital we lack to buy securities outright, and we use our money on margin. We are urged to buy when the stocks are high and to sell when stocks are low—this we do—and we always lose. Who gets our money? Does it build railroads, advance industrial development, and all that? “If Wall street were indicted on one hundred counts, ninety of them would refer more or less directly to manipulation. The sleight of hand fellow fools you through your eyes. So does Wall street. It makes prices that you see and there is no hand so old or so wary at speculation that his judgment may not be affected by prices. How much more easily that of the tyro. “It puzzles the layman greatly to see how speculators who haven’t any stock can borrow it to sell and actually succeed in selling more than there is on the market, thereby getting themselves cornered. The whole explanation lies in the fact that a single stock certificate, given sufficient time, will serve to make innumerable deliveries. A wishes to sell 500 shares of stock which he does not own. He borrows it from B and sells it to C. The next day D wishes likewise to sell 500 shares oft he same stock, which he doesn’t own. He sells the same amount of Pennsylvania, the brokerage firm is not required to make an actual delivery, the accounts offsetting themselves in the clearing house. Since there are more public buyers than sellers, this does not happen so often as would be desired by reputable houses. The unfair and inhibited method pursued by certain firms is to buy stock for the customer and then sell the same amount of stock and charge the sale to a dummy account backed by the concern. This offsets the account in the clearing-house. The brokerage firm consequently does not have to call on the banks for money. The concern simply bets that the customer is wrong. The margins advanced by the latter have not exerted a feather’s weight in the adjustment of prices. The customer pays interest on money that was not borrowed, swells the bank account of the broker with margins, and is debarred from the natural market advantage which comes from the actual purchase of a stock. Bucketing is the least dishonest of all of the financial games, and probably the most common. The expedient of the dummy account is used for other purposes, some of which are flagrantly dishonest, and all of which are intended to plunder the customer." 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