davidaulloa/AmericanStories huggingface dataset:
The Portland daily press., 1893-01-23
THE PRESS.
MONDAY, JANUARY %.
MorE ABoUr SAVINGS BANKS.

sunn ca an investigation of the affairs of this
bank mechanics of Auburnl snail qlscoyer-as
it doubtless will--that the bulk or IT'S lnvest,
I6ents was in securities outside of Maine? WIN
not that discovery strengthen rauner 80 si Az
weaken the argument for the passage OF me
savings 6ana Dill t M q fhere is not an abun
dance of opportunities for the safe lhEestuie11S
of Inoney-whether from savings Dahks OF ~: "
rectly from indiyiduals--in tine otdte Vi haiie
today.
IF the Argus will turn to the last pub
lished report of the bank examiner It
!. will find what the character OF the
investments of the Mechanics bank was
a wear ago. Since that time they have
changed somewhat, perhaps, but not, IN
all probability, very materially. 1t will
find that outside of the real estate
owned by the bank, its mortgages in real
estate and its cash ON hand, its invest
ments amount to about 100000. OF
this sum S45, 1000 is in public funds OF
cities and counties out of the state; S4S,-
900 in railroad bonds, $4,000 bonds in
the state and s23, 900 in bonds out of the
state; 81, 800 in corporation bonds, s2l,-
500 within the state, S2250o
out of the state; $17S,14o in national
bank stock, S165, 140 in this state and
$4,000 out of the state; Maine banking
company stocks. $1,000; corporation
stock (all in Maine), $4,000. These
stocks and bonds are all owned. OF it's
loans So, 10c are secured by public funds,
81, 100 in Maine and $4,000 out of Maine;
s15,27o by corporation bonds, $4,000 in
Maine and S27O out of Maine; $1S5, o67 by
corporation stocks, $120,267 on stocks in
Maine and $4,000 on stocks outside of
Maine. Of the loans to corporations
which amount to $57,062.50, all are in
Maine. Of the loans on national bank
stock, 1920 are in Maine and 5000 out
side of Maine; of the loans on other
bank stocks, $14,550 are in Maine and
81 400 outside of Maine. Of other loans
on stocks and bonds and savings bank
books there are about $4,000, all in
Maine. The investments, including
loans on collaterals, then foot up as
follows:
The Portland daily press., 1893-01-23
Inside of Maine. Outside of Maine.
SAe4.eS9
$1I1,77O

$464,6S9 $1l1,77O
If the Argus had examined this state
ment it would have hardly said that in
vestigation would undoubtedly show that
the bulk of its securities were in invest
ments outside of Maine. Now if the dis
covery that the bulk of the banks in
vestments were in securities outside of
Maine would tend to strengthen rather
than weaken the argument for the saw
ings bank bill now before the legisla-
ture, what tendency does the discovery
that the opposite is the fact and very
much the fact have? Does it tend
to show that special inducements should
be held out to get savings bank directors
to invest in Maine securities? Of course
not. We do not mean to be understood
that it shows that savings banks should
avoid Maine securities. 1t tends to show
that there are bad securities in Maine
as well as out of Maine, and that to en-
courage savings bank managers to give
undue consideration to locality is to
jeopardize safety which is the first thing
that a savings bank manager should con-
slider. We claim also that the showing of
this bank effectually negatives the
idea which prevails among some people
and which is being assiduously cultivated
to help along the bill now before the leg
islature, that Maine savings bank direc-
tors are not patriotic, lhat they discrimi
nate in favor of investments outside of
the state, that they refuse to loan money
on Maine enterprises, while they assist
enterprises outside of the state no more
promising.
The Portland daily press., 1893-01-23
DrRBCTORS.

Byron ID. verrill, President, Attorney-at-
Law. Portland, Maine.
Weston Lewis, President MaineTrust and
Banking Company, Gardiner, Me.
stephen j. Young, Treasurer Bowdoin
College, Brunswick, Me.
L. L. Keith, President Machias Bank and
Treasurer Machias Savings Bank, Machias,
Me.
Theodore G. Woodbury., of Messrs. Wood
bury & Moulton, Bankers, Portland, Me.
The bonds are In denominations Of $1,000,
$500 and 500. bearing 81 Per Cent. interest,
payable semi-annually at the Company's once
In Portland, Maine.
We have made careful examination of this
Security and can recommend these bonds for
Trust Funds, as we believe them to-be per-
fectly safe security, based as they are on the
promise of a Company in sound financial stand
inc. and secured by Municipal Obligations.
We shall be pleased to give further inforn1a-
ton in regard to these bonds upon application.
Price par and accrued interest.
The Portland daily press., 1893-01-23
PORTLAND DAILY PRESS.
MA1NE STATE PRESS.

szAINE STATE PRESS
Subscription Rates.
DAILY On advance) Sc per year; So for sig
months; 81 so quarter; so cents month
The DAILY is delivered every morning by
carrier anywhere within the city limits and at
Woodfords without extra charge.
DAILY (Not in advanced. invariably st the
rate of 81 year.
MAINE STATE PRESS. weekly published
every Thursday, SO per year ;s1 for six months;
80 cents a quarter; rs cents for trial subscrlp
zion of six weeks.
Persons wishing to leave town for long or
short periods may have the addresses OF their
papers changed as often as desired
Advertising Rates.
In DAILY PRESS S1.5o per square. first
week; rs cents per week after. Three lnser-
lions or less, s1.oo per square. Every other
day advertisements, one third less than these
rates.
Half square advertisements S1.oo per week.
hrst week; half price each succeeding week.
"a SQUARE" is a space of the width OF
column and one inch long.
Special Notices, on first page. one third adj.
ditional.
Ap.iseneats and AUCTION Sales. $500 per
square each week Three Insertions or less
s1.5o per square.
Reoding Notices in nonpariel type and classed
with other paid notices 30 cents per line each
insertion.
Pure Reading Notices in reading matter type
25 cents per line each insertion.
Wnn$, To Lot, For Sale and similar adj
yertisements, 20 cents per week. in advance,
for 20 words or less, no display. Displayed al
vertisements under these headlines. and all ad-
tisements not paid In advance. will be charged
atregular rates.
In MAINE STATE fREss--$1.oo per square
for first insertion, and so cents per square Tor
each subsequent insertion.
Address all communications relating to sub
scriptions and advertisements to PORTLAND
PUBLISHING Co., 81 EXCHANGE STREET,
PORTLAND. ME.
The Portland daily press., 1893-01-23
ANNUAL MEETING.

THE annual meeting of the Maine Steamship
l. Company will be held at their once.
Franklin Wharf. on Wednesday, the nrst DAY
of February, 1913. at ten O'Clock in the lore
noon for the following purposes;
First-Io see If the stockholders VIII vote TO
increase the number of Directors to eight.
Second.-To choose Officers.
Third.--To attend to any other business tnat
may legally come before. them. Per order.
jan21td HENRY FOX, Clerk.
The Portland daily press., 1893-01-23
We OFFER FOR SALE
Municipal Security
COMPANY
) 1-2Per Cent Bonds
DUE 1888.

Especially secured by Municipal Evidences
The par value Of such deposited debts and OBJ
legations, exceeding by ten per cent the par
value OF the outstanding bonds issued by the
Security Company.
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1893-03-15
About PEOPLE AND THINGS.

THE Empress of Austria. when she
travels ab0ut Incognito. uses indiifer.ntly
the folio ing three names: Madame De
TofDa." Madame Nicholson" and Miss
Simpson"
The Shah of Persia does not possess q
railway train OF any kind. He goes about
Persia in carriages or on horseback. and.
although sixty-foury years OF age. Is still one
of the best horsemrn In Persia.
MI. C~LEvELAND'S weight tphysicaD is
about $50 pounds. 1t is said that he and
tbrce men bers of his Cabinet weigh one
Thousand pounds. None of them. however,
comes up to Governor Hogg. of Texas, who
weighe 315.
HERBERT SPENCER. it is said. is the most
fortunate writer of philosophy that ever
lived. so far as his income is concerned.
His "First PRINCIPLES" brought him s27. 900.
and his principles of Psy chologyn about
$500 0 lt 10 reported that his total re-
ceipts from his works will not fall short of
S1UO.00O.
Miss ROSE ELIZABETH CLEVELAND. sister
of the President, is now In Europe. Lost
summer che was met walking on q road in
Switzerland by Colonel Dan Lamont. who
as making tho tour. Miss Rose was in
great demand in literary circles while her
brother WAS President. but owing I'd her
strong will and adj anced ideas she wns not
financially successfuL she has = strong
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1893-03-15

penchans for missionary work. and. like
her distinguished brother. is yearning con-
stantIy TO reform things.
In Is related of Genera, Grant that while
engaged in an animated argument with
Mrs. John A. Logan on one occasion. he
opened his cigar case, offered her a cigar.
and took one himself. lie Int his owl. and
proceeded with the discussion. Mrs. Logan
quietly accepted one. too. bnt socreted it
without attracting attention. and she now
vaiues it highly Is a souvenir.
A son of q dignitied Hartford man, al
though not old in years. has a good bit Of
age in his brains. The family observe the
custom of o silent blessing at the table.
and at dinner recently the six-year-old
spoke IN. Nv by don't you say 1t aloud. pa"
"lou can say 1t aloud If you choose. my
son." replied the father, and bowlng his
head solemnly the little fellow originated
this unique grace: God have mercy on
these victuals."
ALFRED PARSONS. the New York artist. 10
an Englishman. Like his studio chum.
Edwin A. Abbey. he is under salary with
the Harpers to do q certain number of draw
ings for Harper's Magazine every year. He
has an income which seldom falls below
$4,000 q year. Abbey Is still more prosper
Gus. He receives $4,000 q year from the
Harpers for illustrations. and the water
colors he painted last year sold for ga. 600.
At thirty-seven years OF age his averag 40 in
come Is S3O,0OO q year. Yet to the Acade-
micians il does not seem long since the
young Philadelphla wood engraver brought
his first picture to the New York Academy
under his arm because he could not afford
20 hire an expressman. That picture sold
for 500. n che Young painter vas SO
elated with his success that he threw aside
the graver's tools n devoted himself to
water cOlOrs and illustration.
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1893-03-15

or Judge Gresham could be appointed q
fourth-class postmaster. They nave
not always been active workers for the
Democratic party ''in past years" Rule
number four says that no person can
be a candidate Cor n postoffice
who will not pledge himself to
give his time and attention to the
duties of the Office. provided he is
elected. This is very binding on the
Democratic patriots who want post
Offices. As above stated, 106 of the 119
postoffices in Mr.. Conn's district are
fourth class Offices. most of which would
not occupy a postmaster more than two
hours a day, if SO long. What is he to
do with the rest of his time? Perhaps
he will be expected to sit with his hands
in his lap and mediate on the great
ness of Grover Cleveland and the beau
ties of Democratic reform.
These rules seem to have been formu-
lated by Mr.. Conn with a vague idea
that they would greatly assist him in
disposing of the postoffices in his dis
trict, besides giving satisfaction to the
office seekers. his party and the public
generally. He will find they will do
nothing of the kind. They will add
very greatly to his embarrassment,
cause no end of hard feeling, and result
in foisting on the people of his district
the scurviest lot of postmasters they ever
had
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1893-03-15

original charter "be so amended as toread
thirty-seven years where the same now
reads thirty years" A charter ia O con-
tract by which both parties make GER
tain agreements and assume certain
obligations. These mutual obligations
constitute the basis of the contract and
the consideration. respectively, n for
another. After n contract is entered
into and executed it can only be changed
by the joint action of both parties. 1t
cannot be extended by the separate
action of one party any more han it can
be shortened. The ordinance of 1880.
which purports to extend the original
charter seven years, was the separate
action of one of the parties to a contract,
without. so far as appears, the consent of
the other party. For all that the record
shows the company might have been
opposed to such extension, but whether
it was or not the Council had no right
to make it without the cooperative
action of the company. The ordinance
OF 1880 does not stand on the same foot
ing as the original charter. The latter
is a contract beyond the power of the
Council to repeal or modify, while the
former is a mere act of the Council and,
like all other acts, subject to repeal.
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1893-03-15
WILL WORK NIGHT AND DAY.
Worlds Fair Officials Will Endeavor to Have
the Show Ready by Msy 1.

CHICAGO, March 1.-THE work of getting
exhibits into the worlds fair buildings and
putting the big show in shape for the OPEN
ing on May l is to be pushed from tins
time on as it has not been done before.
Director General Davis has issued q rush
order, telling exhibitors to hustle their dis
plays to jackson Park at once. AS soon az
the great food of exhibits begins to como
into the park the forces of workmen will be
greatly increased and the work of in
stallstion will 90 on steadily
night and day. II have arranged" said
Director General Davis to-day, 80 nave tito
exposition buildings lighted At night 10y
electricity We will have continuous
twenty-four hour days hereafter. and the
work of putting this show in order is TO
60 on without interruption. Exhibits are
cominR into the park very rapidly. Cars are
running here day and night. but / wane
them TO come faster. They must be here
on the grounds and ready to put into posi-
ton. There are now only about forty-five
days left before the opening. i intend to
make every one of these day count for
three. / have also ARRANGED TO have n big
force of mas0ns, carpenters and oil kinds
of artisans. SO they may he ready to 90 to
work on an hours call in putting their dis
plays IN place. These mel will serve ex-
bibitors at the current rates of labor and
will be ready at all times"
When asked If everything would be in
readiness by May l. Mr.. Davis said: Over
one hundred Thousand packages have al
ready been received here. Most Of these
are foreign. but when the domestic displays
begin to come they will come In q hurry.
The capacity of the installation plan has
not been tried in the least. We are ready
for the exhibits TO get here, and the faster
the better. IL a big force of men and con-
tlnuons work can put them in shape the
show will be ready by May l."
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1893-03-15
CORBETT REPLIES TO JACKSON.
The Champion Will Fight Peter if Mitchell
FluDks, but lie Won't Pay Training Expenses.

GALEsBURG, ILL.,. March l4-Concerning
Peter Jackson's proposition to fight him in
case Mitchell fails to appear. and the offer
of the Buffalo Athletic Club to hav . the
fight there. champion Corbett said tonight:
the same time that / arranged the match
with Mitchell | offered to arrange O con-
test with Peter jackson, TO take place
seven months after the fight with Mitchell.
| covered the $500 which accompanied his
challenge In New York. thus binding myself
to fight both Mitchell and jackson within
the next sixteen months. allowing Nil.
jackson the privilege of Withdrawing his
Mitchell. These terms. which believe to
be as fair as any offered by a champion be-
fore. did not suit Jackson and he withdrew
bis forfeit money and announced his re-
tirement from the ring. Since Goddard's
defeat. however, he has come forth with
the ridiculous proposition That l guarantee
him s., 600 training expenses IN order that
he may be in condition To take MItcheiFs
place next December IN case Mitchell
should funk. think that Mitchell pro-
poses to fight. His money is up. and If he
fails to show that he means business l
will certainly claim the forfeit. If Jackson
wishes TO tight me seven months after l
meet Mitchell the original DroD0s tI0u is
still before him to accept, and If Mitchell
should funk IN any way between now and
next December | am perfectly willing that
Jackson shonld take his place, but he will
have TO pay his own training expenses II lie
wants to fight me Tor the title | hold. Now,
as for the proposition of the Buffalo CLUB. l
am perfectly willing TO have my fght with
Mitchell take place In Buffalo, anu suggest
that the name of that club ID added To the
list mentioned in the articles of agreement"
IN closing Corbett said that it was finally
decided to-day that he houid train for tho
fight on the farm of VIII j.. Davis. at Will
Iowdale. not far from Chicago.
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1893-03-15
Condition of Winter Whaaf

CHICAGO, March 14.-The Farmers Re-
view tomorrow will say: Reports from
the principal wheat growing States IN tho
Vest show that the crop IL at that stage
when not much can be told by appearances,
but n few weeks will show the true sItua-
tion. In Illinois the appearances are de-
cidedly against q full crop. but it 10 prob
able that q few weeks will improve tho
outlook. AT present. on many fields. the
tops of the wheat plants have been killed,
but the roots seem To be all right. Judg-
ing by present appearances almost half
the reports indicate q condition 20 per cent.
below an average: one-ftth of the reports
indicate a full average. aud the rest are
decidedly poor. In indlans the general
condition is reported "a fair. which means
q little below an average"
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1893-03-15

son why the child in question should not
be turned over To the custody of it's grand
mother. who is q reputable person and
able to care for it. To take n child from
its mother under any circumstances comes
near trespassing on the personal rights AMI
liberty of whose untrammeied possession
Americans boast and which make life
worth living. Even if the parents are not
of the strictest morality il Is not invaci-
ably certain that the best interests OF the
community are served by depriving
them of their children. The power given
to the board. at all events. needs the exer.
else or the utmost care In Its application
and the closest investigation of each and
every case in order that no injustice may
be done. 1t Is hardly enough TO say that
the parents have the right to present their
side of the matter in court and so insure
justice. In the majority of cases the
bereaved mothers-they are usually
mothcrs-hsve not the means to employ
legal aid and are ignorant of the methods
OF procedure, yet poverty and ignorance
are not In themselves reasons why
they should be forced to give MP their
babies. The men and women composing
the board are. of course. animated by the
best of Intentions, but all charity boards
axe likely to grow apathetic and to fall into
the fashion of looking at their special work
from but one point of Wow. Moreover. too
much. sometimes. is left to the discretion
Of executive officers whose Judgment is
not OF the best. If useful it is also O
dangerous authority put into the hands of
this organization, and it would be we'll If
as much publicity as possible were given
to each case when its power is used. This
is the more essential now that q special tax
is to DO levied for carrying on it's work.
The people will like to know that their
money is being judiciously expended.
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1893-03-15

COLONEL AND EDITOR MCCLURE, of
the Philadelphia Times-that is to say,
editor of the Times and colonel at large
gives majestic approval of Mr.. Cleve-
lands supposed determination not to re-
appoint n editors to office, and says
that in reaching this decision the Presi-
dent simply recognizes the dignity and
Importance of the press. Now that it
turns out that the President will not
discriminate against editors, perhaps
Mr.. Mcclure will see that by this means
the dignity and Importance of the press
is recognized, too. And, perhaps. he
would not refuse an Office himself from
this pointof view; or. If he will not take
il as an editor, then as a colonel it may
be acceptable.
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1893-03-15
LICHTENTHALEWs RICH REQUESTS.
His Rare Collection Left to the Illinois Wes-
leyan University at Bloomington.
pecial to the indianapolis journal.

Special 10 the Indianapolis journal.
BLOOMINGTON, Ill, March 14-The will
of the late George w. Lichtenthaler. OF
this city. one of the most noted marine
botanlsts and concholoelsrs of the United
States, and who for many years was en-
ployed by the Smithsonian Institution,
was made public to-day. He had Travelled
all over the world and had accumulated .
collection of shells and marine plants
his death that this magnificent collection
had been devised by him To Leland Stan.
ford (jr.D University at MeDlo Park. Cal.
but it was learned to-day on DrObating the
to the Illinois Wesleyan University. OF this
city. The collection includes many speci.
mems found in no other collection in exist.
ence. He also left ABOUT 500. QUO To reiar
tiyea.
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1893-03-15

THE office of minister to Mexico is
one of the fat prizes within the gift of
the administration, and the Journal has
waited with some interest to see just
how the "worshipfur' reform press
would go about proving that the ap-
pointment of Isaac Pusey Gray to that
Office was a manifestation of Cleveland's
lofty reform principles. 1t is still wait
ing. The most willing of mugwump
partisans seem to have a difficulty in
%reconciling such a widely opposed fact
and theory, but they will undoubtedly
do IL in time
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1893-03-15

A LONDON c%ablegram says that Mr..
Gladstone is confined to his bed with a
severe cold. At his advanced e a Sc
we're cold may develop into a dangerous
and perhaps fatal attack. Even if he
recover rapidly he will need all his
strength for the parliamentary campaign
that is before him. The second reading
of the home-rule bill. which was fixed
for the 18th inst. has been postponed
till tomorrow. In a few days will be-
gin the great debate in which. if he is
well enough, Mr.. Gladstone viii. take a
leading part.
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1893-03-15
THE following is from a Washington

THE following is from q Washington
special TO the Chicago News:
Those who imagined that Gresham would
have u cold time of il In the Democratic
company and that he would need six months
of probation to enable him TO meet his new
party associates comfortably will be great
" depressed, perhaps. to know that he Gets
along famously with the President and
every member of his Cabinet. anu that hs
finds his seat in the Cabinet room as CON-
Portable as il was when General Arthur sat
ut the head of the able.
Some men can change their principles
as easily as they can their coats and
adapt themselves To varying conditions
as readily IA n weather vane.