How to Make Money – Banking & Insurance – Part I

Royal Exchange and The Bank of England

From How to Make Money; and How to Keep it, Or, Capital and Labor  based on the works of Thomas A. Davies Revised & Rewritten with Additions by Henry A. Ford A.M. – 1884

CHAPTER XXVI
BANKING AND INSURANCE.

I wish I could write all across the sky, in letters of gold, the one word, SAVINGS-BANK. Rev Wm. Marsh

The relations of the banking system to the operations of general trade are so intimate and indispensable  that every man of business should be acquainted with their nature and extent. James D. Mills

Insurance is to-day recognized as not only an integral and necessary factor in the commerce of nations, but it is imperatively demanded for the establishment and maintenance of commercial credit among all civilized peoples. To such importance has it grown that governments have acquired immense revenues by taxing the income derived from it, and have in some instances assume greater or less control over it. Insurance Year Book

BANKS are of three kinds -of discount and deposit, individual or private, and savings-banks. They have all but one object—to make money with money. This principle is all-important with the money-maker; and to know how this is done is to accomplish a great object.  This chapter will not presue to give such institutions or individuals any information how it is to be done; for their success generally is a proof that they understand that. Further, it is an occupation—that may me considered a trade within itself— requiring long experience, large knowledge of values, good judgment, rare firmness, and in fact every business qualification in high perfection. Reference to banking as one of the most extensive means of making money with money, is simply to show the moneymaker, after he has got his dollar, how others manage their dollars to advantage, so that he may know the danger of managing his own with his trifling information—a subject which requires superior knowledge and high acquirements to do well.

No statistics are at hand to compare directly any other trade or business with banking in the particular of success. An interesting fact, however, was asserted by an officer of an old Boston bank, that an investigation of their books revealed the fact that, of the one thousand accounts opened with it in starting, only six remained with it forty years afterwards. The parties to all the others had either failed or died destitute of property. The bank had stood, while nine hundred and ninety-four traders out of one thousand had gone down. It can probably be asserted with safety that not five per cent of failures occur in any regular banking business, while there are ninety to ninety-five per cent among commercial houses. Both deal substantially in the same things, the one class in the articles themselves, the other in the paper representing their value. This fact is sufficient to awaken the mind of the merchant or trader to an investigation of the manner in which banks handle their values—what they do, how and when they do it, and how they happen to succeed when so many others lose and fail. And now, Mr. Trader, or Sir Merchant, if you are wide awake enough to this fact to push the investigation and profit by it, you are prepared for a better day’s work than you ever did in your life. But more likely you will say, “Pooh! a bank is one thing, a mercantile business another.”  You say the truth, indeed, as both are conducted at the present day. The result, however, is that the one is a success, while the other is a failure.

But not the trader alone is interested in this question: it is for every one who has made a dollar or who is in the way of making it, to be interested in knowing the machinery of banking, how money is made from money, and further, to know that it requires machinery of a peculiarly delicate nature, and specially well managed, to accomplish the object, at least in this particular way of making money with money. More than half the people who have labored for their dollar do not know that such machinery can have the least bearing upon what they have made, and that putting it through this machine, or some process like it, will send it forth increased in value. The trouble is that they generally put it into some kind of a machine which never allows them to see it again at all, much less any increase from it.

Can the fine, exact machinery of a mint be made by a novice? or can it be managed by one totally ignorant of its construction’? Just as well might a man attempt to increase his means without some knowledge of the necessary machinery, as to coin a standard dollar without knowing the process by which it is coined, and having the faculty to use bis knowledge in the coinage. The trade of multiplying dollars by making dollars work is not caught up in the inspiration of the moment, and he who has a dollar to set at work must know well how the work is to be done; he must find a machine that is known to do this kind of work well, or loss of it is the inevitable result. Hence the long, sad list of failures and wide-spread poverty among our most worthy and energetic men—not to accomplish or earn, or even to amass, but to save, because their dollar has gone into the wrong machine.

The process of banking is the machinery required in order to make money with money. What is this process? In banks of discount and deposit, a number of capitalists generally put in a sum of money apiece, and receive therefor certificates of stock, according to the amount of their subscriptions. The stockholders duly assemble and choose several of their own number for directors, who in turn meet and elect a president, cashier, and sometimes other officers. In their bank people leave (deposit) their money for safekeeping within convenient reach; and the original money subscribed by the stockholders, with the deposits, makes a capital with which to purchase moneyed, interest-bearing securities—generally notes of hand, representing property of different kinds. The  bank is then ready for business—to loan the money on short dates for an increase.

The whole matter is very simple to this point, and almost anyone could go through it. But now comes the tug of war, for success or failure, even in this business. A merchant enters with a note he has taken for goods sold, and says to the Cashier, “I wish you would give me the money on this.” The answer is, “I will hand it to the President, and give you a reply after the Board meets.” The President lays the applicant’s paper before the Board of Directors; and if it is strongly endorsed and has collateral security enough to make the loan perfectly safe, the note is “done,” as it is called, and the merchant gets his money.

Do you see anything in this process to attract attention? When you take a note, or part with property or money, do yon do anything of this kind? Do you submit your financial transactions for the approval or rejection of two shrewd, trained business men, who, not content to rely solely upon their own
judgment, summon to their aid a number of other first-class business men, to pass upon the security offered? Bear in mind that in the very first instance they require at least two good, strong names to start with, or equally safe collateral security, and then that the line of payment is usually very short— from thirty to ninety days. Sometimes a bank loses even with these precautions ; but not very often. By requiring two names and making the time of payment short, one or the other is pretty certain to save the loan. No business transaction has not some risk, the main thing being to reduce that risk by every devisable precaution as low as possible. In the matter of taking a note, twelve to fourteen able and longtrained business men carefully consult as to the value of the security proposed, and everyone is pecuniarily interested in the result. An isolated person, then, who has a security to take, can consult no one else who has a like intercst with him. Such investments are generally made upon reference to persons who have no interest with the one who parts with his property, but whose interest as a general rule is to have you part with your property, that they may get pay for the property with which they have parted.

Now, do you think a bank would part with its money on such terms or such representations? If it did, anyone knows what would be the result. Do you wonder, then, that on such a system of credits traders fail, or that banks succeed by such care, caution, and scrutinizing discrimination? The banks divide their earnnings periodically among the stockholders, who make new investments in similar kind; while the trader declares no dividend, puts nothing away to the good, but keeps all his eggs in one basket, subject to the vicissitudes of trade.

Banks of discount and deposit are useful, as a means  of making money with money, to those who have com, comparatively large sums to set at work. But there is a class of moneyed institutions called savings-banks, in which any person can in like manner set any sum at work, from one dime upward. But the amount of profit derived is not generally so great as in the banks of discount and deposit. The savings-banks will receive separate treatment presently.

Although banks present so far the nearest approach to perfection in the interchange of values represented by paper, there are certain general principles that will materially increase these earnings. They may briefly
be stated to be,—

  • First, the business qualifications of its officers.
  • Second, judicious selection of its credit.
  • Third, the current expenses.
  • Fourth, general reputation.

The personal popularity of the officers of a bank, and the manner in which customers or depositors are treated, either win or lose money for the concern, the same general rules of courtesy holding in these cases as in transactions between merchants, or between them and their customers. No thoughtful business man will neglect this principle, whether he is in a bank or any other business where his profits depend upon people who have a choice, and can take their money at discretion to one or to another. If a depositor goes into a bank to get some of his money, and a teller makes him wait while he finishes a long chat with a fellow-clerk or adds up a column of figures as long as his arm, which he could just as well postpone a moment, the underling is unfit for his place and is a damage to the bank—money actually lost to it. Say what you will, the waiting man feels uncomfortable; and instead of using his influence to advance the interests of that institution, he will hold it back, if he does not inflict damage in some way. Instead of an active friend, the bank will have but a cool one, if not an open enemy; and there is no telling when his influence, by a single word, may not strike to its damage or loss. So any other carelessness or neglect, on the part of a bank officer or employee, will tend to the same result.

On the other hand, to be polite, attentive, agreeable to all, at the same time doing business on business principles, will bring many dollars into the deposit-line, and long keep them there. The bank will make powerful friends, whose influence will be exerted to bring it new business and open new avenues of profit. An interest in the welfare and prosperity of the institution is lighted up, that will serve as a watchfire for its interests, and give the alarm when danger of loss appears. A general reputation and thrift will be infused into its whole business, which will roll in heavily on the deposit-line and out heavily on the dividends. In time of trouble all will pay such an institution who can.

Savings-banks are organized and conducted by persons of much practical knowledge and financial skill, for the benefit of those who desire to save and improve small sums of money, but do not know where or how to place them at interest, and yet have them subject to their call. The savings-bank was started by Miss Priscilla Wakeham, of the Parish of Tottenham, Middlesex, England, nearly a century ago, and after some years had a yery rapid growth. The plan is eminently useful and truly charitable. It requires a convenient building for its business, and the usual officers to conduct it. They take deposits, large or small, and invest them in good-sized sums at higher rates of interest than they pay depositors, the difference being used for current expenses and salaries. The interest received is usually seven per cent or more, and that paid depositors is four to five per cent, and even less for very short periods of deposit.

The bank holds itself ready to meet obligations to depositors at all times, on demand. The advantage resulting to the depositor is apparent, since he can not invest small sums safely in any other way. He generally knows nothing of practical financiering, and it would be costly for him to get security by any other means. Other securities, too, are not always convertible into cash without some percentage of loss.

Too much can hardly be said in favor of savings institutions for the protection of earnings and as incentives to economy. They supply a safe and certain means by which in a few years, as we have already seen, an independence can be attained, and the money that represents it is always within reach. The money that a mechanic, day-laborer, domestic, operative, or other wage-worker, spends in trifles that add neither to his comfort nor happiness, is a powerful stream of wealth, which, if poured into a savings-bank, soon becomes a large amount of money. The first dollar thus saved and fast anchored, becomes the nucleus of further and rapid additions, and the taste for economy and desire of accumulation will grow with every successive deposit. Such a person becomes a conservative member of society, a good, prosperous citizen. When a man or woman has made the first deposit, from that moment his or her services are more valuable, and higher wages can be commanded. It is a guarantee or endorsement that the depositor’s course of life is to be governed by principles of economy and habits of saving, and that the property of an employer is not to be wasted or destroyed. Noon, then, should fail to make a first deposit, or to train himself to strict principles of economy, the cutting off of such expenses as are not really necessary for either comfort or respectability. It should be remembered, also, that such a course commands general respect and uplifts the depositor’s character. One feels more independent, and carries the evidence of it in his whole bearing and demeanor, when he is free of debt and has money at interest. If this statement should be challenged by anyone, let him try it, and  he will find, from the instant of success, that he lives in a new world. Any person, no matter what his walk in life, is more esteemed and more deferred to by his fellows if he is known to be without embarrassments or encumbrances, and has, money at his disposal. The same rule governs the coachman, the housemaid—classes of persons. Let it become known that an industrious young working man or woman has a bank account, with his bank-book as the evidence of it; and though the amount of his deposit be wholly unknown, the mere fact of it gives one importance and influence. There is no surer way for a young woman to get a husband, and most likely a good one, than to have a good sum in bank.

Upon the next two pages we give tables showing the wonderful results of compounding interest for terms of one year to one hundred years, and at rates from one to eight per cent. Upon the basis of the one dollar given, the amount for any sum may be computed. Thus, to find what $50 will come to in twenty years, at four per cent interest, find the result for one dollar in the table, which is $2.19, and multiply it by fifty, which gives $109.50. These tables are highly interesting and valuable, and should be carefully studied.

 

 

Under the head of Insurance are classed several varieties—among the more common fire, marine, inland, accident, and life, among the rarer tornado, livestock, and plate-glass insurance.  All belong to the class of business we are considering—money-making with money. They are further subdivided into cash and mutual companies, and are here considered more as examples how money can be made with money, and s0 of peculiar interest to the money-maker, than with a view to special commendation of them, as the most or the least profitable method of so doing. It is rather also to explain their existence as means of saving than of making.

Like banks, insurance companies are usually conducted by superior business men, and upon the same general principles. They have become genuine necessities to all who have property at the risk of the elements, and can not afford to insure themselves—that is, to lose without embarrassment. To the moneymaker they are invaluable, not only as a means of offset against loss, but to make accumulated money gain money. Sometimes the profits of such a business are very large—and at times, too, more frequently than in banking, there is a total loss of the capital invested. It may be said, indeed, that in all business where profits are large, corresponding risks of loss are run. In this branch the chances of gain are greater on marine than on fire insurance, other things being equal.

But the chief benefit of such institutions to the money-maker is that, if his property is in such shape that it can be destroyed by the elements, and it is so
destroyed, wholly or partly, he can cover his loss by the payment annually of a comparatively small sum. Every one, therefore, who is endeavoring to make
money should keep all his endangered property fully insured. An hour’s neglect may lose you many years of toil, as has repeatedly occurred. Take especial care when yon settle’ your agreements with the company’s agent; see that all stipulations are written into the body of the policy, and read it over when completed, with cautious criticism of every point and particular. Observe what you agree, and what they agree, to do. Probably not one-half the policies which are signed and accepted are read over in detail. People presume as of course that they are all right. So they may be; but enough unpleasant surprises and serious losses have resulted from this neglect to put you upon thorough watchfulness in the matter.

If, too, you do not know the officers of a company to be honest and reliable men, with a high standing as such in the community, let it alone; it will probably not pay you in case of loss, if it can get out of it. And if you hear of a company whose” adjuster” is forever chaffering, and screwing and sealing down a loss, and never paying fairly full amounts, especially when a poor man or woman has sustained the loss, have nothing to do with that company; its managers will deal with you so in your day of distress. They have been paid your premiums to pay your loss in full to the extent of your policy, and should do so as cheerfully as they have taken your money. Look more to these than to the capital of the company; but look well to both. Don’t trust your property in the hands of those whom you do not know, personally or by authentic reputation, “down to the ground.” Better pay a fair, reputable company—one that will take pains at once to find out what is your entire loss, and then pay it promptly—a large price at first, than have ten times the sum pared off by a rascally adjuster when your loss occurs. No company, it is true, will undertake this unless steeped in ignorance of its true interests; nor will it retain an official for one moment who tries to save dishonestly on a loss. They lose more by him in the end than do the insured. It is the style in which losses are settled that mainly draws business or repels it. No one forgets the company or the man who does the dishonest thing under such painful circumstances, or the one who deals fairly and uprightly with the misfortune.

The insured may be called upon to take the company’s promise-to-pay for a large amount. Ask yourself, then, Would a bank take their note for this sum, and pay the face of it? Following fully the bank example, you would have to inquire of twelve or fourteen good business men whether they would do so, and trust the company if they would, taking your insurance accordingly.

But on the other hand, the company may be, and often is, subject to fraud by the insured. It is for its interest never to presume fraud without positive proof, at least such proof as would convince a jury. It may better pay, and look next time more carefully to the policy-holder’s character. More money will be made in the long-run by this course. For its own interest, too, there should be no long delay or palaver about the payment of a loss, unless it is intended to contest the case in the courts. A compromise will lose the company more than the sum apparently saved, since one-half of those who hear of it will take for granted that it was an unjust settlement.

The same exercise of civility and pleasant manners, and of interest in the insured, that was recommended to bank officers and employees, is necessary also in the insurance business. All courtesies tell to the profit of the company, the enlargement of its dividends; and in general there is no business in which sound judgments, honest purposes, good reputation, and a fair policy, are rewarded with more promptness and fullness than in this.

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Popular Mechanics Archive

Click here to access the Internet Archive of old Popular Mechanics Magazines – 1902-2016

Click here to view old Popular Mechanics Magazine Covers

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Bess of Hardwick: Four Times a Lady

Bess of Harwick

Four times the nuptial bed she warm’d, And every time so well perform’d, That when death spoil’d each husband’s billing, He left the widow every shilling. Fond was the dame, but not dejected; Five stately mansions she erected With more than royal pomp, to vary The prison of her captive When [...] Read more →

Indian Modes of Hunting – Setting Fox Traps

Aug. 13, 1898 Forest and Stream, Pg. 125

Game Bag and Gun.

Indian Modes of Hunting. III.—Foxes.

The fox as a rule is a most wily animal, and numerous are the stories of his cunning toward the Indian hunter with his steel traps.

Protecting Rare Books: How to Build a Silverfish Trap

Silverfish damage to book – photo by Micha L. Rieser

The beauty of hunting silverfish is that they are not the most clever of creatures in the insect kingdom.

Simply take a small clean glass jar and wrap it in masking tape. The masking tape gives the silverfish something to [...] Read more →

Gout Remedies

Jan Verkolje Antonie van Leeuwenhoek was the first person to describe gout or uric acid crystals 1679.

For one suffering gout, the following vitamins, herbs, and extracts may be worth looking into:

Vitamin C Folic Acid – Folic Acid is a B vitamin and is also known as B9 – [Known food [...] Read more →

The Intaglio Processes for Audubon’s Birds of America

Notes on the intaglio processes of the most expensive book on birds available for sale in the world today.

The Audubon prints in “The Birds of America” were all made from copper plates utilizing four of the so called “intaglio” processes, engraving, etching, aquatint, and drypoint. Intaglio [...] Read more →

AB Bookman’s 1948 Guide to Describing Conditions

AB Bookman’s 1948 Guide to Describing Conditions:

As New is self-explanatory. It means that the book is in the state that it should have been in when it left the publisher. This is the equivalent of Mint condition in numismatics. Fine (F or FN) is As New but allowing for the normal effects of [...] Read more →

Here’s Many a Year to You

” Here’s many a year to you ! Sportsmen who’ve ridden life straight. Here’s all good cheer to you ! Luck to you early and late.

Here’s to the best of you ! You with the blood and the nerve. Here’s to the rest of you ! What of a weak moment’s swerve ? [...] Read more →

Tuna and Tarpon

July, 16, l898 Forest and Stream Pg. 48

Tuna and Tarpon.

New York, July 1.—Editor Forest and Stream: If any angler still denies the justice of my claim, as made in my article in your issue of July 2, that “the tuna is the grandest game [...] Read more →

The First Greek Book by John Williams White

Click here to read The First Greek Book by John Williams White

The First Greek Book - 15.7MB

IN MEMORIAM

JOHN WILLIAMS WHITE

The death, on May 9, of John Williams White, professor of Greek in Harvard University, touches a large number of classical [...] Read more →

Audubon’s Art Method and Techniques

Audubon started to develop a special technique for drawing birds in 1806 a Mill Grove, Pennsylvania. He perfected it during the long river trip from Cincinnati to New Orleans and in New Orleans, 1821.

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The Snipe

THE SNIPE, from the Shooter’s Guide by B. Thomas – 1811

AFTER having given a particular description of the woodcock, it will only. be necessary to observe, that the plumage and shape of the snipe is much the same ; and indeed its habits and manners sets bear a great [...] Read more →

The Cremation of Sam McGee

Robert W. Service (b.1874, d.1958)

 

There are strange things done in the midnight sun By the men who moil for gold; The Arctic trails have their secret tales That would make your blood run cold; The Northern Lights have seen queer sights, But the queerest they ever did see Was that night [...] Read more →

Peach Brandy

PEACH BRANDY

2 gallons + 3 quarts boiled water 3 qts. peaches, extremely ripe 3 lemons, cut into sections 2 sm. pkgs. yeast 10 lbs. sugar 4 lbs. dark raisins

Place peaches, lemons and sugar in crock. Dissolve yeast in water (must NOT be to hot). Stir thoroughly. Stir daily for 7 days. Keep [...] Read more →

List of the 60 Franklin Library Signed Limited Editions

The following highly collectible Franklin Library Signed Editions were published between 1977 and 1982. They are all fully leather bound with beautiful covers and contain gorgeous and rich silk moire endpapers. Signatures are protected by unattached tissue inserts.

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U.S. Plant Variety Protection Act – Full Text

WIPO HQ Geneva

UNITED STATES PLANT VARIETY PROTECTION ACT

TITLE I – PLANT VARIETY PROTECTION OFFICE Chapter Section 1. Organization and Publications . 1 2. Legal Provisions as to the Plant Variety Protection Office . 21 3. Plant Variety Protection Fees . 31

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Method of Restoration for Ancient Bronzes and other Alloys

Cannone nel castello di Haut-Koenigsbourg, photo by Gita Colmar

Without any preliminary cleaning the bronze object to be treated is hung as cathode into the 2 per cent. caustic soda solution and a low amperage direct current is applied. The object is suspended with soft copper wires and is completely immersed into [...] Read more →

History of the Cabildo in New Orleans

Cabildo circa 1936

The Cabildo houses a rare copy of Audubon’s Bird’s of America, a book now valued at $10 million+.

Should one desire to visit the Cabildo, click here to gain free entry with a lowcost New Orleans Pass.

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Cocillana Syrup Compound

Guarea guidonia

Recipe

5 Per Cent Alcohol 8-24 Grain – Heroin Hydrochloride 120 Minims – Tincture Euphorbia Pilulifera 120 Minims – Syrup Wild Lettuce 40 Minims – Tincture Cocillana 24 Minims – Syrup Squill Compound 8 Gram – Ca(s)ecarin (P, D, & Co.) 8-100 Grain Menthol

Dose – One-half to one fluidrams (2 to [...] Read more →

Zulu Yawl

Dec. 10, 1898 Forest and Stream Pg. 477-479

Zulu.

The little ship shown in the accompanying plans needs no description, as she speaks for herself, a handsome and shipshape craft that a man may own for years without any fear that she will go to pieces [...] Read more →

Carpenters’ Furniture

IT requires a far search to gather up examples of furniture really representative in this kind, and thus to gain a point of view for a prospect into the more ideal where furniture no longer is bought to look expensively useless in a boudoir, but serves everyday and commonplace need, such as [...] Read more →

Tobacco as Medicine

The first published illustration of Nicotiana tabacum by Pena and De L’Obel, 1570–1571 (shrpium adversana nova: London).

Tobacco can be used for medicinal purposes, however, the ongoing American war on smoking has all but obscured this important aspect of ancient plant.

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Something about Caius College, Cambridge

Gate of Honour, Caius Court, Gonville & Caius

Gonville & Caius College, known as Caius and pronounced keys was founded in 1348 by Edmund Gonville, the Rector of Terrington St Clement in Norfolk. The first name was thus Goville Hall and it was dedicated to the Annunciation of the Blessed Virgin Mary. [...] Read more →

Coffee & Cigarettes

Aw, the good old days, meet in the coffee shop with a few friends, click open the Zippo, inhale a glorious nosegay of lighter fluid, fresh roasted coffee and a Marlboro cigarette….

A Meta-analysis of Coffee Drinking, Cigarette Smoking, and the Risk of Parkinson’s Disease

We conducted a [...] Read more →

A History of the Use of Arsenicals in Man

The arsenicals (compounds which contain the heavy metal element arsenic, As) have a long history of use in man – with both benevolent and malevolent intent. The name ‘arsenic’ is derived from the Greek word ‘arsenikon’ which means ‘potent'”. As early as 2000 BC, arsenic trioxide, obtained from smelting copper, was used [...] Read more →

Gold and Economic Freedom

by Alan Greenspan, 1967

An almost hysterical antagonism toward the gold standard is one issue which unites statists of all persuasions. They seem to sense-perhaps more clearly and subtly than many consistent defenders of laissez-faire — that gold and economic freedom are inseparable, that the gold standard is an instrument [...] Read more →

The Human Seasons

John Keats

Four Seasons fill the measure of the year; There are four seasons in the mind of man: He has his lusty spring, when fancy clear Takes in all beauty with an easy span; He has his Summer, when luxuriously Spring’s honied cud of youthful thoughts he loves To ruminate, and by such [...] Read more →

Indian Mode of Hunting – Beaver

Jul. 30, 1898 Forest and Stream Pg. 87

Indian Mode of Hunting.

I.—Beaver.

Wa-sa-Kejic came over to the post early one October, and said his boy had cut his foot, and that he had no one to steer his canoe on a proposed beaver hunt. Now [...] Read more →

On Bernini’s Bust of a Stewart King

As reported in the The Colac Herald on Friday July 17, 1903 Pg. 8 under Art Appreciation as a reprint from the Westminster Gazette

ART APPRECIATION IN THE COMMONS.

The appreciation of art as well as of history which is entertained by the average member of the [...] Read more →

Abingdon, Berkshire in the Year of 1880

St.Helen’s on the Thames, photo by Momit

 

From a Dictionary of the Thames from Oxford to the Nore. 1880 by Charles Dickens

Abingdon, Berkshire, on the right bank, from London 103 3/4miles, from Oxford 7 3/4 miles. A station on the Great Western Railway, from Paddington 60 miles. The time occupied [...] Read more →

The Shirk – An Old but Familiar Phenomena

STORE MANAGEMENT—THE SHIRK.

THE shirk is a well-known specimen of the genus homo. His habitat is offices, stores, business establishments of all kinds. His habits are familiar to us, but a few words on the subject will not be amiss. The shirk usually displays activity when the boss is around, [...] Read more →

The First Christian Man Cremated in America

Laurens’ portrait as painted during his time spent imprisoned in the Tower of London, where he was kept for over a year after being captured at sea while serving as the United States minister to the Netherlands during the Revolutionary War.

The first Christian white man to be cremated in America was [...] Read more →

Commercial Fried Fish Cake Recipe

Dried Norwegian Salt Cod

Fried fish cakes are sold rather widely in delicatessens and at prepared food counters of department stores in the Atlantic coastal area. This product has possibilities for other sections of the country.

Ingredients:

Home Top of [...] Read more →

Rendering Amber Clear for Use in Lens-Making for Magnifying Glass

by John Partridge,drawing,1825

From the work of Sir Charles Lock Eastlake entitled Materials for a history of oil painting, (London: Longman, Brown, Green, and Longmans, 1846), we learn the following:

The effect of oil at certain temperatures, in penetrating “the minute pores of the amber” (as Hoffman elsewhere writes), is still more [...] Read more →

A Summer Memory

 

Here, where these low lush meadows lie, We wandered in the summer weather, When earth and air and arching sky, Blazed grandly, goldenly together.

And oft, in that same summertime, We sought and roamed these self-same meadows, When evening brought the curfew chime, And peopled field and fold with shadows.

I mind me [...] Read more →

The Standard Navy Cutter and a Whale Boat Design

Dec. 24, 1898 Forest and Stream Pg. 513-514

The Standard Navy Boats.

Above we find,

The accompanying illustrations show further details of the standard navy boats, the lines of which appeared last week. In all of these boats, as stated previously, the quality of speed has been given [...] Read more →

Sea and River Fishing

An angler with a costly pole Surmounted with a silver reel, Carven in quaint poetic scroll- Jointed and tipped with finest steel— With yellow flies, Whose scarlet eyes And jasper wings are fair to see, Hies to the stream Whose bubbles beam Down murmuring eddies wild and free. And casts the line with sportsman’s [...] Read more →

Life Among the Thugee

The existence of large bodies of men having no other means of subsistence than those afforded by plunder, is, in all countries, too common to excite surprise; and, unhappily, organized bands of assassins are not peculiar to India! The associations of murderers known by the name of Thugs present, however, [...] Read more →

Clairvoyance – Methods of Development

CLAIRVOYANCE

by C. W. Leadbeater

Adyar, Madras, India: Theosophical Pub. House

[1899]

CHAPTER IX – METHODS OF DEVELOPMENT

When a men becomes convinced of the reality of the valuable power of clairvoyance, his first question usually is, “How can [...] Read more →

Fed Policy Success Equals Tax Payers Job Insecurity

The low level of work stoppages of recent years also attests to concern about job security.

Testimony of Chairman Alan Greenspan The Federal Reserve’s semiannual monetary policy report Before the Committee on Banking, Housing, and Urban Affairs, U.S. Senate February 26, 1997

Iappreciate the opportunity to appear before this Committee [...] Read more →

Seeds for Rootstocks of Fruit and Nut Trees

Citrus Fruit Culture

THE PRINCIPAL fruit and nut trees grown commercially in the United States (except figs, tung, and filberts) are grown as varieties or clonal lines propagated on rootstocks.

Almost all the rootstocks are grown from seed. The resulting seedlings then are either budded or grafted with propagating wood [...] Read more →

Historical Uses of Arsenic

The arsenicals (compounds which contain the heavy metal element arsenic, As) have a long history of use in man – with both benevolent and malevolent intent. The name ‘arsenic’ is derived from the Greek word ‘arsenikon’ which means ‘potent'”. As early as 2000 BC, arsenic trioxide, obtained from smelting copper, was used [...] Read more →

The Field of the Cloth of Gold

Reprint from the Royal Collection Trust Website

The meeting between Henry VIII and Francis I, known as the Field of the Cloth of Gold, took place between 7 to 24 June 1520 in a valley subsequently called the Val d’Or, near Guisnes to the south of Calais. The [...] Read more →

The Real Time Piece Gentleman and the Digital Watch Vault

Paul Thorpe, Brighton, U.K.

The YouTube watch collecting world is rather tight-knit and small, but growing, as watches became a highly coveted commodity during the recent world-wide pandemic and fueled an explosion of online watch channels.

There is one name many know, The Time Piece Gentleman. This name for me [...] Read more →

Banana Propagation

Banana Propagation

Reprinted from the International Institute of Tropical Agriculture (IITA.org)

The traditional means of obtaining banana planting material (“seed”) is to acquire suckers from one’s own banana garden, from a neighbor, or from a more distant source. This method served to spread common varieties around the world and to multiply them [...] Read more →

Fruits of the Empire: Licorice Root and Juice

Liquorice, the roots of Glycirrhiza Glabra, a perennial plant, a native of the south of Europe, but cultivated to some extent in England, particularly at Mitcham, in Surrey.

Its root, which is its only valuable part, is long, fibrous, of a yellow colour, and when fresh, very juicy. [...] Read more →

Making Apple Cider Vinegar

The greatest cause of failure in vinegar making is carelessness on the part of the operator. Intelligent separation should be made of the process into its various steps from the beginning to end.

PRESSING THE JUICE

The apples should be clean and ripe. If not clean, undesirable fermentations [...] Read more →

Wine Making

Wine Making

Grapes are the world’s leading fruit crop and the eighth most important food crop in the world, exceeded only by the principal cereals and starchytubers. Though substantial quantities are used for fresh fruit, raisins, juice and preserves, most of the world’s annual production of about 60 million [...] Read more →

The Stock Exchange Specialist

New York Stock Exchange Floor September 26,1963

The Specialist as a member of a stock exchange has two functions.’ He must execute orders which other members of an exchange may leave with him when the current market price is away from the price of the orders. By executing these orders on behalf [...] Read more →

Slaughter in Bombay

From Allen’s Indian Mail, December 3rd, 1851

BOMBAY. MUSULMAN FANATICISM.

On the evening of November 15th, the little village of Mahim was the scene of a murder, perhaps the most determined which has ever stained the annals of Bombay. Three men were massacred in cold blood, in a house used [...] Read more →

The Hoochie Coochie Hex

From Dr. Marvel’s 1929 book entitled Hoodoo for the Common Man, we find his infamous Hoochie Coochie Hex.

What follows is a verbatim transcription of the text:

The Hoochie Coochie Hex should not be used in conjunction with any other Hexes. This can lead to [...] Read more →

Valentine Poetry from the Cotswold Explorer

 

There is nothing more delightful than a great poetry reading to warm ones heart on a cold winter night fireside. Today is one of the coldest Valentine’s days on record, thus, nothing could be better than listening to the resonant voice of Robin Shuckbrugh, The Cotswold [...] Read more →

A Few Wine Recipes

EIGHTEEN GALLONS is here give as a STANDARD for all the following Recipes, it being the most convenient size cask to Families. See A General Process for Making Wine

If, however, only half the quantity of Wine is to be made, it is but to divide the portions of [...] Read more →

Why Beauty Matters

Roger Scruton by Peter Helm

This is one of those videos that the so-called intellectual left would rather not be seen by the general public as it makes a laughing stock of the idiots running the artworld, a multi-billion dollar business.

https://archive.org/details/why-beauty-matters-roger-scruton

or Click here to watch

[...] Read more →

Blunderbuss Mai Tai Recipe

Blackbeard’s Jolly Roger

If you’re looking for that most refreshing of summertime beverages for sipping out on the back patio or perhaps as a last drink before walking the plank, let me recommend my Blunderbuss Mai Tai. I picked up the basics to this recipe over thirty years ago when holed up [...] Read more →

The Charge of the Light Brigade

Officers and men of the 13th Light Dragoons, British Army, Crimea. Rostrum photograph of photographer’s original print, uncropped and without color correction. Survivors of the Charge.

Half a league, half a league, Half a league onward, All in the valley of Death Rode the six hundred. “Forward, the Light Brigade! Charge for the [...] Read more →

Sir Joshua Reynolds – Notes from Rome

“The Leda, in the Colonna palace, by Correggio, is dead-coloured white and black, with ultramarine in the shadow ; and over that is scumbled, thinly and smooth, a warmer tint,—I believe caput mortuum. The lights are mellow ; the shadows blueish, but mellow. The picture is painted on panel, in [...] Read more →

Fly Casting Instructions

It is a pity that the traditions and literature in praise of fly fishing have unconsciously hampered instead of expanded this graceful, effective sport. Many a sportsman has been anxious to share its joys, but appalled by the rapture of expression in describing its countless thrills and niceties he has been literally [...] Read more →

Why Beauty Matters – Sir Roger Scruton

Roger Scruton – Why Beauty Matters (2009) from Mirza Akdeniz on Vimeo.

Click here for another site on which to view this video.

Sadly, Sir Roger Scruton passed away a few days ago—January 12th, 2020. Heaven has gained a great philosopher.

Home Top of [...] Read more →

Traditional JuJutsu Health, Strength and Combat Tricks

Jujitsu training 1920 in Japanese agricultural school.

CHAPTER V

THE VALUE OF EVEN TEMPER IN ATHLETICS—SOME OF THE FEATS THAT REQUIRE GOOD NATURE

In the writer’s opinion it becomes necessary to make at this point some suggestions relative to a very important part of the training in jiu-jitsu. [...] Read more →

Vitruvius Ten Books on Architecture

VITRUVIUS

The Ten Books on Architecture

TRANSLATED By MORRIS HICKY MORGAN, PH.D., LL.D. LATE PROFESSOR OF CLASSICAL PHILOLOGY

IN HARVARD UNIVERSITY WITH ILLUSTRATIONS AND ORIGINAL DESINGS PREPARED UNDER THE DIRECTION OF HERBERT LANGFORD WARREN, A.M.

NELSON ROBINSON JR. PROFESSOR OF ARCHITECTURE IN HARVARD [...] Read more →

The Legacy of Felix de Weldon

Felix Weihs de Weldon, age 96, died broke in the year 2003 after successive bankruptcies and accumulating $4 million dollars worth of debt. Most of the debt was related to the high cost of love for a wife living with Alzheimer’s. Health care costs to maintain his first wife, Margot, ran $500 per [...] Read more →

Fresh Water Angling – The Two Crappies

 

July 2, 1898 Forest and Stream,

Fresh-Water Angling. No. IX.—The Two Crappies. BY FRED MATHER.

Fishing In Tree Tops.

Here a short rod, say 8ft., is long enough, and the line should not be much longer than the rod. A reel is not [...] Read more →

The Perfect Salad Dressing

The following recipes are from a small booklet entitled 500 Delicious Salads that was published for the Culinary Arts Institute in 1940 by Consolidated Book Publishers, Inc. 153 N. Michigan Ave., Chicago, Ill.

If you have been looking for a way to lighten up your salads and be free of [...] Read more →

What’s the Matter?

A rhetorical question? Genuine concern?

In this essay we are examining another form of matter otherwise known as national literary matters, the three most important of which being the Matter of Rome, Matter of France, and the Matter of England.

Our focus shall be on the Matter of England or [...] Read more →

Historic authenticity of the Spanish SAN FELIPE of 1690

San Felipe Model

Reprinted from FineModelShips.com with the kind permission of Dr. Michael Czytko

The SAN FELIPE is one of the most favoured ships among the ship model builders. The model is elegant, very beautifully designed, and makes a decorative piece of art to be displayed at home or in the [...] Read more →

Country House Christmas Pudding

Country House Christmas Pudding

Ingredients

1 cup Christian Bros Brandy ½ cup Myer’s Dark Rum ½ cup Jim Beam Whiskey 1 cup currants 1 cup sultana raisins 1 cup pitted prunes finely chopped 1 med. apple peeled and grated ½ cup chopped dried apricots ½ cup candied orange peel finely chopped 1 ¼ cup [...] Read more →

Some Notes on American Ship Worms

July 9, 1898. Forest and Stream Pg. 25

Some Notes on American Ship-Worms.

[Read before the American Fishes Congress at Tampa.]

While we wish to preserve and protect most of the products of our waters, these creatures we would gladly obliterate from the realm of living things. For [...] Read more →

Painting Plaster Work and the History of Terra Cotta

The 1896 Victorian terracotta Bell Edison Telephone Building – 17 & 19 Newhall Street, Birmingham, England. A grade I listed building designed by Frederick Martin of the firm Martin & Chamberlain. Now offices for firms of architects. Photographed 10 May 2006 by Oosoom

[Reprint from Victoria and Albert Museum included below on [...] Read more →

Snipe Shooting

Snipe shooting-Epistle on snipe shooting, from Ned Copper Cap, Esq., to George Trigger-George Trigger’s reply to Ned Copper Cap-Black partridge.

——

“Si sine amore jocisque Nil est jucundum, vivas in &more jooisque.” -Horace. “If nothing appears to you delightful without love and sports, then live in sporta and [...] Read more →

Preserving Iron and Steel Surfaces with Paint

Painting the Brooklyn Bridge, Photo by Eugene de Salignac , 1914

 

Excerpt from: The Preservation of Iron and Steel Structures by F. Cosby-Jones, The Mechanical Engineer January 30, 1914

Painting.

This is the method of protection against corrosion that has the most extensive use, owing to the fact that [...] Read more →

Thomas Jefferson Correspondence – On Seed Saving and Sharing

The following are transcripts of two letters written by the Founding Father Thomas Jefferson on the subject of seed saving.

“November 27, 1818. Monticello. Thomas Jefferson to Henry E. Watkins, transmitting succory seed and outlining the culture of succory.” [Transcript] Thomas Jefferson Correspondence Collection Collection 89

Fortune, Independence, and Competence

THE answer to the question, What is fortune has never been, and probably never will be, satisfactorily made. What may be a fortune for one bears but small proportion to the colossal possessions of another. The scores or hundreds of thousands admired and envied as a fortune in most of our communities [...] Read more →

Artist Methods

Como dome facade – Pliny the Elder – Photo by Wolfgang Sauber

Work in Progress…

THE VARNISHES.

Every substance may be considered as a varnish, which, when applied to the surface of a solid body, gives it a permanent lustre. Drying oil, thickened by exposure to the sun’s heat or [...] Read more →

Mrs. Beeton’s Poultry & Game – Choosing Poultry

To Choose Poultry.

When fresh, the eyes should be clear and not sunken, the feet limp and pliable, stiff dry feet being a sure indication that the bird has not been recently killed; the flesh should be firm and thick and if the bird is plucked there should be no [...] Read more →

Salmon Caviar

Salmon and Sturgeon Caviar – Photo by Thor

Salmon caviar was originated about 1910 by a fisherman in the Maritime Provinces of Siberia, and the preparation is a modification of the sturgeon caviar method (Cobb 1919). Salomon caviar has found a good market in the U.S.S.R. and other European countries where it [...] Read more →

CIA 1950s Unevaluated UFO Intelligence

 

CENTRAL INTELLIGENCE AGENCY

INROMATION FROM FOREIGN DOCUMENT OR RADIO BROADCASTS COUNTRY: Non-Orbit SUBJECT: Military – Air – Scientific – Aeronautics HOW PUBLISHED: Newspapers WHERE PUBLISHED: As indicated DATE PUBLISHED: 12 Dec 1953 – 12 Jan 1954 LANGUAGE: Various SOURCE: As indicated REPORT NO. 00-W-30357 DATE OF INFORMATION: 1953-1954 DATE DIST. 27 [...] Read more →

Commercial Tuna Salad Recipe

Tom Oates, aka Nabokov at en.wikipedia

No two commercial tuna salads are prepared by exactly the same formula, but they do not show the wide variety characteristic of herring salad. The recipe given here is typical. It is offered, however, only as a guide. The same recipe with minor variations to suit [...] Read more →

Producing and Harvesting Tobacco Seed

THE FIRST step in producing a satisfactory crop of tobacco is to use good seed that is true to type. The grower often can save his own seed to advantage, if he wants to.

Before topping is done, he should go over the tobacco field carefully to pick [...] Read more →

JP Morgan’s Digital Currency Patent Application

J.P. Morgan Patent #8,452,703

Method and system for processing internet payments using the electronic funds transfer network.

Abstract

Embodiments of the invention include a method and system for conducting financial transactions over a payment network. The method may include associating a payment address of an account [...] Read more →

Harry Houdini Investigates the Spirit World

The magician delighted in exposing spiritualists as con men and frauds.

By EDMUND WILSON June 24, 1925

Houdini is a short strong stocky man with small feet and a very large head. Seen from the stage, his figure, with its short legs and its pugilist’s proportions, is less impressive than at close [...] Read more →

Pickled Eels

Vintage woodcut illustration of a Eel

 

This dish is a favorite in Northern Europe, from the British Isles to Sweden.

Clean and skin the eels and cut them into pieces about 3/4-inch thick. Wash and drain the pieces, then dredge in fine salt and allow to stand from 30 [...] Read more →

The Black Grouper or Jewfish.

 

Nov. 5. 1898 Forest and Stream Pg. 371-372

The Black Grouper or Jewfish.

New Smyrna, Fla., Oct. 21.—Editor Forest and Stream:

It is not generally known that the fish commonly called jewfish. warsaw and black grouper are frequently caught at the New Smyrna bridge [...] Read more →

A Crock of Squirrel

A CROCK OF SQUIRREL

4 young squirrels – quartered Salt & Pepper 1 large bunch of fresh coriander 2 large cloves of garlic 2 tbsp. salted sweet cream cow butter ¼ cup of brandy 1 tbsp. turbinado sugar 6 fresh apricots 4 strips of bacon 1 large package of Monterrey [...] Read more →

Proper Book Handling and Cleaning

Book Conservators, Mitchell Building, State Library of New South Wales, 29.10.1943, Pix Magazine

The following is taken verbatim from a document that appeared several years ago in the Maine State Archives. It seems to have been removed from their website. I happened to have made a physical copy of it at the [...] Read more →