How it happened

Subject(s): Petroleum industry and trade, Stock exchanges

In a business office, the president of an oil company talks to a resident of the local community. He is explaining to “Mr. Haysede” why his company has to issue more stock. Caption: Mr. Haysede — I see by your advertisements that you’re going to issue some more stock. What’s that for? / Oil President — What for? Why, my good fellow, we’ve earned so much money in the past six months that we’re obliged to have more stock to pay dividends on it order to get rid of it.

comments and context

Collection

Library of Congress Prints and Photographs

Creation Date

1903-07-08

Creator(s)

Gallaway, W. H. (Walter H.), 1870-1911

Period

U.S. President – 1st Term (September 1901-February 1905)

Repository

Library of Congress Prints and Photographs Division

Page Count

1

Record Type

Image

Resource Type

Cartoon

Rights

These images are presented through a cooperative effort between the Library of Congress and Dickinson State University. No known restrictions on publication.

Citation

Cite this Record

Chicago:

How it happened. [July 8, 1903]. Library of Congress Prints and Photographs. Library of Congress Manuscript Division.
https://www.theodorerooseveltcenter.org/digital-library/o277300. Theodore Roosevelt Digital Library. Dickinson State University.

MLA:

Gallaway, W. H. (Walter H.), 1870-1911. How it happened. [8 Jul. 1903]. Image.
Library of Congress Prints and Photographs. Library of Congress Manuscript Division.
Theodore Roosevelt Digital Library. Dickinson State University. January 15, 2026. https://www.theodorerooseveltcenter.org/digital-library/o277300.

APA:

Gallaway, W. H. (Walter H.), 1870-1911., [1903, July 8]. How it happened.
Library of Congress Prints and Photographs. Library of Congress Manuscript Division.
Retrieved from https://www.theodorerooseveltcenter.org/digital-library/o277300.

Cite this Collection

Chicago:

Library of Congress Prints and Photographs. Library of Congress Manuscript Division.
https://www.theodorerooseveltcenter.org/collection/library-of-congress-prints-and-photographs. Theodore Roosevelt Digital Library. Dickinson State University.

MLA:

Library of Congress Prints and Photographs. Library of Congress Manuscript Division.
Theodore Roosevelt Digital Library. Dickinson State University. January 15, 2026. https://www.theodorerooseveltcenter.org/collection/library-of-congress-prints-and-photographs.

APA:

Library of Congress Prints and Photographs. Library of Congress Manuscript Division.
Retrieved from https://www.theodorerooseveltcenter.org/collection/library-of-congress-prints-and-photographs.