TOPICS OF THE DAY.

Press, Volume LVIII, Issue 10999, 24 June 1901, Page 6

TOPICS OF THE DAY.

The gambling boom in Stock Gambling New Ynrlj in April in »n4 May resulted in New Yorfr. what, i> j»id to be the shortest aad worst panic Wail (street hne ever known. The TFQole country had beeorn* seissed with a crnze for et«ck spcuUtion, ancl tfce qtw«papers pViiise<i list* of successful operatorfi who had cleared from £10,000 to £2,000,00O; A eioni? gp-1 in a, "Floptdora," Otwnpany deared j850,0e0. and alt , the clerks, and office be,vß in the «harebrc»ldng part of the city phipjed into the whirlpool of gainbling. f*9om*ted bjr wh*t th«y n«WTi of thft ippnegiw fortunes which were being made, thousands of people who did got know fHe diff«reß«e between one another risked pskvings, ynti4 the >"ew yorfc »*ockb;rolsrng liovwe* conW hsirdlly handle their business, and many refuted

■' i ,•■ ,; -. • ■ ■• . ' r<jm}~?<' all. orders except from , regular T&ey worked day and night, offices; 't>eigp|{? foep* open unjsil: thi<e# o'clock in th* i. ißg. - Many brokers collapssd fram tfii|& strain, and two became temporarily ~§3&. In the villages things were a* bad, atocjilw quotations were telephoned from -flier - and hundreds of farmers and servants w>6^-US ciliated heavily. The Chinese in New York abandoned , fantaa "for & r v gam* fhlft offered bigger profit* aEa r m ora excitement, aad Chinatown took ag'eteel stocks with avidity. Shopkeepers, «* course, bad a tremendous harvest., especially jpw?Uer§i, lucky «pwsil»|;pr» investing* Vdeal of their winnings in diamonds,. v. ■which they could always realise *iif fii-' '•- tuije frowti&cj, and" «khjoh were perty than the carriages and steam XitMti : purchased by others, or even mounted atitomobile ordered by individual. Predictions - * were freely made, but were by those who, in the madness aVs£ Mai sent, forgot all the lesions taught W .jjwl vjpos, booms. Senator H<*ia>a/the champion of the. trusts.. *in aa interview- '. said:—"There h absolutely nothing daaa* ■ geroue or threatening. The country : "i a =' e«ormoup]y prosperous, new conditions have arisen, and we cannot measure the present by the past." The collapse, however came, in spite of all optimistic assertioos* The -two greatest financial x»mbu»tioT» fe the States had a. pished for tihe ,' of the Northern and its stock rose from 170 to 110 Q. The ' excitement was terrific, and titellOO brokers en the Exchange are said to have been "" like madmen for hours. Tbfe place rung *•- with, the yells and shrinks of speculators, .'. and huge holdings of stook* were thrown '.-•• on the market for whs* they would fetch- ■'' so that brokers might get hhe wherewithal '~ & to aw»t their obligatiop*. St-Hl the straggle b&tw*ei» the giants went, on, and the pricw ' 0/ the Mocks which formed the, subject - of the fight were fteadUy forced up, un-: ■ til ruin swept -through the Eyphjtnge, end rl the small men went down in ths" crash. /"' A* the same time «6me camo out of the -, m«l«e with ample fortunes, and a youagaan ■who bought his seat op <fcha day b'forft for £14,000 cleared But the panic left a trail of victims behind; it, ■. \- -i The "Windsor Magazine,"- in \ c : A Truant an article upon, the "MaJJatet ""'J' Boarding- Truant SahQcS," gives ""'a^vV school. interesting account of this oitw-? '■■': growth from the oompoledir"-;V3 education scheme. Parealis who, on being]; ,^ summoned for the nen-atfcejndance of a <&U&V -^ we able to plead, like tb,e the',:-;:i ba4l»dr— . ' ■ ;T "I 'him to gohool, but he wonlduA vft! learn, "■ "I bought him books, but he wouldaa may find the difficulty settled by an order*! committing th« refraictory pupil to a School. "Hβ jg apprehended and iak&nthe sohoell .by a police officer; he is k'eptW. there for th-yee or fouv months at cretion of the managers ; andi afterwards is let out on a sort of ficket-of-leave, uinter';, :; which at any time until the end of nir-~|~ ; school period he can be re-apprehended ,and-,'-"' '■-, again confined in the Truant School - * out another comanittal at the Magistrates; \"4i; and this over and over again if necessary, , * ..r- 1 ; It is a relief to know Hw.t the three or four, ■-? mouths are not spenfc under any very dire. -" severities. The principle is "strict disci-- . .-"• pline, fiiTnly but kindly maintained; ,, the "*" ■'. school gives half a day of manual labour to ■-{, halt a day of brainwork, with excellent ac s T;fi oommodation, excellent meals, plenty &l>:'/_. drill, football, amusement of various kindsi,;-: 1 ' and moral arid religious instruction. And%t; under such , rule, it is proved that the taste for fcrusney in * boy hue no connection with, deficient •brajn-'power. "They certainly -dfr '# better than 4o ipoat of the boys of an erdi«', , n j nary eohool,* , ie the remarkaUe judgment, -[fj 00 closes compoaed wihojly of caged truante, while the Inepecter'e report of- laet gives to the Lichfield sohool, which ia eat* -1/ pecially under review, not only a "good , * '/]'. for eOtihe Btan4ar4 eu;bjeote) bu* high praisft---"? t<o the 'three or four daeeee of extra mbf- -•";•■}£ jects taken ; also, the truant* test* for werk ji',' appears to be to successfully aroused, t&at j , ; there its lit'ble risk of hie drop-ping .back-to ~~; habits. A«a matter of practice, -.' during th« sewn years or poof the £ieb- : i;; field echeel'js existence, a very small tion of its boys have needed, even a eecond-„'>!' TOoral ieeeon. "Betume show that th« tendance of the. boy* beeo inthe/j school, after t>h«y have gone home, has beenrv., 90 pa* oenfc.— a ccmeiderably higher peweeUr:':'; age tlwn the average." Aβ the "Winds«t\;,;' Avriter poiot-s out, "Burden* to thetaipayei*,.,];. have thus been converted into grant-earnerV " ; Such an inetitntien may «.pp«u , eeetty, but-.%'' even in the matter c* preventing boye ■**».,-.;> coming criminalp, t&a likelihood i» ti»t -j)r. it is an economy in the «ad." The "Mid- ',-■; land Truant fJohool" a* Jt<j«hfield seajna to 1» -' : ep<!cislly fortunate in ifce ofnowa, who*E(;ge(od ~ influeivce oonducee to these rearulte, b«b.«t{ , cdtent wwlt i» also hvmg dona at; Irfwdeo* Ctrdiff, Liverpool, eto., whew :jimm-[ BohoolLe h*ve been Two ing pojjrtei •h•o^v•e^' , e}. , , aro left unfcflWM**' "Boys" only are spoken of ac * girls can also become-bad att«d«* t° ■«*• sodb or jncoirigible truowte? AM 5* we? ° ~ is said as to any difficulty about rowwwff** . To a colonial boy ojne'oouH im*gi»« i*-'*P*' , gearing <th* height of daring MhieWDMße , to "play truant from a Truant Sciwol. •; ." ~ Next to the Boj*l. : The Home of Family tord SriWmT,-.» Lord Salisbury, fills the largest *B**™J. the public *ye, and h»fl.- • home, Hatfield House, will long be wanem-^ . bared in connection with hie name. The*'? \. Tare many ancient, historical -,j cYustering round the place. Th« ; info town, now an old-fashioned "d«d on Ahe banks of the Lea, is mentioned nnde*} .- the n>me of Hetfleld in the ,1 : < - r Donw»(iay Book, and the mansion wtocKs. give* toVtbe rieepy JJttJe plac* all ito portance,\wae built in the twelfth . by Biphop\Morton. For some centuri«r* ; -' : remaiiwd toe abode of ohurch prejatee «M ; dignitaries until Goodrioh bribed Tto* l ) Vill. with ifcAfor a bishopric. It w 2J^, : .' Henrj-'» tl>s great Hatfield Hou*s gets glory. P** 0 while a Princesp,\none too pure of hfer life, she was educated at Aecham j b«re wrote her early letters and nine .■ verse, and heye oxw P»IW >"ovembep \ tba sat under a great,oak in th<» V*&,, f wae greeted as Que«ri\ by me«eeng«W *W%:'--came poßt-ha«t« from \ Xendon, briagi»&>f,; newe «l the death of }&ry- Several V^T { traits qi the Quwn raeaH : ,her and hfei? subsequent In the lihrwry 'jtiU preserved her V&h,-' *ente<l to her by the fi>*& Lnrd and tracing h*r descent rigljt b««b t<» And Eve, with nearly all the most hiKt-orical personages dragged in for mediate ancestors. Here, jamongst . f>the^ J || relics', are her masoive cradlt, 1 and tlje she was wearing thr Novem&sr # feii in the park. Hatfield House came into *»}:f;i possession of the Cecil* rather* agains* tii«r will, King Jamw. who had t?ken a fsißC£_Cg ; . t« khtlv Hertfordshire, honx?, \taking iM^'f, ftxehange for the old Royal residence.-fchree-quarteru 0/ the edince \**& V}^ down by Sir Robert Cecil, wh<> re " feul,ti ( n the EUnabetha-n style of architecture. -mSBA ths beginning of *his century the aiother' of the present Marnuisj set h»

il'fcer fcefiiW** 8 whUe drc9S « l S f°? dinner. aadfJfc* &*">*• eprendinz, tt>neumed her and l?f *JJ* p| tfw palace. The most u»t*re*U»ig ti *Jj)o, in U*e present building are Ibo Ar- '?*"■ Snrfi *»tJi troplwes of Kngjish battles 5 X fwff the di*ys of the Armada, the Marble ''■ '} *m portraite of Elizabeth and of •\ fjajy Queen of Scots, King Jaines'n room, v g»irden in which ho planted bis fafptgite mulberries, tlve rooms named after Wdlinfton, Queen Victoria, and other celeImties who skpt there, and the library, «$> ite P" 0 * 1 * 88 ool 1 * 0^0 " of 13,000 letters •rrifypn by Sovereigns and statesmen J«id sair wlat« v6s ' 1" th<! CeciJ Coa P el is tlie ZfJW& marble t*mb of Mir Robert Cecil, and ' ImA outside in the quiet green sward, the tfT»v«» oi the late Marchioness and her , action. /