davidaulloa/AmericanStories huggingface dataset:
The record-union., 1893-05-30

affected by civilized man or woman.
There are machines to sew with as many
as four needles at q time and to make
seams in all sorts of fancy shapes. In
this line one woman, at least, has dis
tinguished herself as an inventor. A
machine which forms straw braids into
any shape Of a hat is the invention of
Miss Carpenter, and was patented in 1876.
1t has proved an entire success, and is in
general use to-day. Machines to work
button-holes and to sew on buttons with
shanks and flat buttons with four holes
are also among the exhibits.
Then comes the steam engine, from the
time of Watts to the present, also show
ing wonderful developments in mans
ingenuity. Then the electrical devices,
with their endless varieties of magnets,
motors, dynamos, signaling instruments,
electric lighting, apparatus. etc.
The firearms department is an interest
ing feature of this exhibit, commencing
with the iron tube. wrapped with wood
and twine, and ending with the high
powered, rapid-fire machine gun of to-
day. There are here models of the match
lock Of the time of Columbus. followed in
turn by the wheel carbine, used by the
Germans before the tlint-lock came into
use. The popularity of this weapon is
that Jagged wheel struck stationary
Hlnt IN It's revolution and produced
the spark, instead of the flint striking
the steel, as is done in the later arms.
The efforts to get repeating breech-
loading gun are shown in many curious
designs, very few of which ever proved
practicable until the invention of the
Henry rihe of 1860. Among the models
OF rifles is the latest weapon which has
Deen accepted by the Government for use
in the navy. This gun is very much like
the late models of the Springfield army
rlle, except in the breech mechanism
and the caliber. The breech-lock is
opened by means of a short lever, ending
IN ball, and which turns to the left in a
plane at right angles with the center OF
the bore. Following the late models
adopted by the European armies, the
caliber has been reduced from As to 80
of an inch. The patentees are krag Il
Jorgensen, who filed their patent in Fob
ruary, 1893.
In the ordnance department the his
tory of small arms is repeated. There
has been all along the same effort to get a
breech-loadlng gun which admitted OF
rapid firing.
In the development Of the great ma
chlnes which have become famous as
laDor-savlng devices, it is seldom that
the names Of the early patentees are those
with which the perfected machines are
ldenutled. They are The men of creative
genius, but lacking in practical ideas,
who give the impetus which men ol
probably less genius follow out to a sue
cessiul issue. They are the men who
hgure in fiction as the men with hobbies;
men whose long contemplation OF the
subject of levers and wheels and trains
seem to have set their very brains reyol-
wing, until they are finally referred to
sneeringly as men with wheels III their
heads. The story told i'll the Patent
Office exhibit, however, exonerates many
OF these thoughtful but Unsuccessful men
OF such a charge.
The record-union., 1893-05-30
Berlin Cor OH Cure

For coughs and colds and all lung and
throat affections this article has superior
merit II is perfectly harmless, gives i'm
mediate relief, and cures the worst cases
in from two to three days. Indorsed by
our best physicians. Try bottle and
you will always keep it. Price, so cents
a bottle.
aches and pains.
Compound Sulphur Powder, the most
perfect laxative and cathartic known.
Gives instant relief in cases OF constipa-
ton. indigestion, piles, biliousness, liver
troubles, rheumatism, gravel, etc., etc.
a great blood purifier and pleasant to the
taste. The w. 81. Bone Company, San
Francisco, sole proprietors. Kirk, Geary
IL Co., Sacramento, sole agents.
The record-union., 1893-05-30
IN CHURcH RIsHops.

The following is a brief sketch of the
present four Bishops of the United
Brethren Church.
The senior Bishop is II. T. Barnaby,
20 years old last April. Born in Angelica.
n. :, he was left an orphan at Il years
OF age. lie embraced religion in 1852.
was licensed to preach in 1853 by the
United Presbyterian Church, joined the
United Brethren Church in lS5S and has
been minister in that church ever
since. He represented the Michigan Con-
ference in General Conference six
times. In 1889 he was elected Bishop, and
has served the church i'll that capacity
now four years. lie is good presiding
officer, above medium hight and fair
compleNion-ln personal appearance
more like a farmer, but good logician
and preacher.
Bishop NJ. Wright is now Ga years old.
Ale was born in Rush County, Indiana.
He got his education in the public
schools and HartVille College, Indiana
He taught in public schools and colleges
ten years and has been in the ministry
fOrty-one years. He served the Church
as Presiding Elder nine wears, as editor
and publishing agent fifteen years. as
Bishop on the Pacific Coast and teacher
in Philomath College. Oregon, six wears.
lie was again elected four years ago a
Bishop OF the United Brethren Church.
lie IS good parliamentarian and
efficient presiding officer, a little below
medium hight and fair complexion, we'll
fitted for the Office to which he is chosen.
HaIleck Floyd of Dublin, Ind, is "a
years old; was educated at Hartsville
College. Indiana, and was converted in
early age. At the age of 10 he entered
the travelling ministry in the United
Brethren Church, OF which he has ever
since been an efficient minister for thirtv-
tiN e years in White River Conference. OF
whleh he is now a member, served As
Presiding Elder, college agent and on
most of the general boards OF the church.
lie represented Wayns County, Ind. in
the State Legislature in ISIS; was as
sOciate editor Of the Christian C6aserrqtoy
four years; represented his conference in
General Conference from 1877 to 1889. at
which time he was elected Bishop. A
good presiding officer, fair complexion.
above medium hight and fine appearance
The youngest Bishop of the United
Brethren Church is II. J. Becker. well
Rnd faYOrably known in California. where
be spent more than ten years OF active
work IN the ministry, and as Presiding
Elder and Bishop preached and lectured
in many places in the State and on the
coast. His linguistic, oratorical and con-
VersatiOnal powers cannot be surpassed.
he was born at MassIlon. Ohio, June -.
1916, converted February -, 1865. entered
the ministry in the United Brethren
Church December 20, 1862 was editor OF
the PdciHc Telescope, issued in Sacra-
mento, lS77-7S, the Phiiomdth C,ucibIs
(Oregon), lSSO-Sl. He travelled through
Europe, Egypt, Arabia, Syria, Greece.
Corinth and Rome. He is in every way
qualified for the office he is called 10 fill.
He wears long flowing beard has black
hair a fair complexion and congenial
disposition. p. BECK.
The record-union., 1893-05-30
Eastern and Foreign.

NEW YORK, May goth.
WHEAT-June, 75c; July, 765sc; August.
7Se; september, 1876; December, $3.50.
OOL-12G16c for fall, Se9l2c for fall
purry, 10000 for spring, 1l@l3 for spring
bury.
CHICAGO, May 29th.
WHEAT-May, 663sc; July, 705sc; Septem-
Der, 1876; December, 71tzc.
LIVERPOOL, May 29th.
W HEAT-Rather easier. California spot
lots. 6s 1O19d OFF coast, 29s Cd; inst shipped,
sos %; nearly que, POS sd; cargoes on co Ist,
fair inquiry; on passage quiet: Indian shi p
ments Wheat to Continent, 22,500 Qrs;
lndlan shipments Wheat to L. k., 81, 900
900 qrs; Wheat and Flour on vassage to u.
r., 1854, 600 qrs; Mark Lane Wheat, firm;
Wheat in Paris. Slow: EIour. rnther easier.
The record-union., 1893-05-30
Meat Market.

Following are the rates for whole carcasse.
from slaughterers to dealers:
BEEF-first quality, 51aG6c: second qual
ity, 5@512c; third quality, 4@5c ? b.
CALN ES-4@7c ? 70.
MUTTON-5G6c r d.
LAMB-Spring. 7Goc y ID.
The record-union., 1893-05-30
SAN FRANCISCO STOCK MARKET
SAN FRANCISCO. May go, 1898.
MORNING SEssTON
For Tired Rraf1

USE HoRsFORD's ACID PHOSPHATE.
DR.. 0. c. Stout, Syracuse. n. Y. saws:
u gave it to one patient who was unable
to transact the most ordinary business,
because his brain was tired and confused
upon the least mental exertion. Imme-
dlate benefit, and ultimate recovery fol-
lowed"
The record-union., 1893-05-30
Rates to Producers,
w 4
Following are the prices to producers of

Following are the prices to producers of the
various articles mentioned:
| GREEN FRUIT-Strawberries, sc p basket;
! Gooseberries, 4@6c 2 II; Cherries, white, sc
Y b. black, 6@loc q 10; Wild Blackberries, 2Oc
| p b.
| DRIED FRUIT - Apricots, 6a7c q Ii.
Peaches, e 99 9loc; Apples, 5gsc; Prunes, 90
| l0c; Pears, 4@oc; Nectarines, 796c; Raisins
81 so p box; Figs, &c; Grapes, 7c.
DAIRY -Butter-Valley, nc
| p 70; Fancy IetaluLna, 19c Nevada Creamery.
! lOc; Young America, lie; Eastern Creamery.
| 5@16c; Llmburger, 17@l Sc; Genuine Swiss.
csc; American Swiss, 16@1Sc; Martins
| Creamery, 15Q16c.
| EGGS-Ranch, 19@2Oc9 doz.
| PQU QULTRY-Iurkeys-L Hens, 1Gc p IL:
| Gobblers, 15c; dressed, 1Sc. Chickens-Hens,
SS6g1 dozen; Roosters, $500; Broilers, So;
VEGETABLES -Beets, Sc; Turnips. Sc; Car
rots, Sc; Parsnips, Sc; Lettuce, SC; Radishe.,
! SC; Green onions, Sc; Leek, SC; New Cnbbare'
Old onions, SIC a ib Dried Peppers, 11J9c;
| Garlic, &c; Horseradish Root, Sc; spinach, &c:
Green Peas, 2@3c; Peppers, 2oc; Dried Okra,
| &c I II; string Beans, sc . 10; Cucumbers,
small, &5c; large, 75c p dozen; Summer
sqB92T9' B@T 6i7S III YAK XI Beans, 1oc;
less, 213e; Larry Rose, 14c.
MEATS-Beef, 514@6c = IN; Mutton, 715asc;
Lamb, s@9c; Veal, large, 5@514c; small.
| &c; Hams, Eastern, 17@20c; California, 5@
! dBlkEAIDsrTF I ] s1Fiour, s4 . 99l; Oatmeal,
Cornmeal-Wfite, 81 80 10o-p sacks; Vel.
low, 81 so = 1OO-b sacks; Cracked Wheat
81 80 q 1OO-D sacks; Graham, So p 1OO-h
HAY AND GRAIN-Oat Hay, S1o@11 >
ton; Wheat, S1O@11; second quality, 80; AL
falfa, 5000 so; Wheat. whole, 81 10 = ctl;
ton; Middlings. S21 i ton; Ground Barley,
S22 y ton; Straw, 5U@55c p bale.
The record-union., 1893-05-30
The Worlds Fair-The Chicago Inter.
Ocean,

This great weekly and the WEEKLY
UNION can be had for 81 a year, or the
DAILY RECoRD-UNIoN and the Inter-
Ocean for So 80 per year. All about the
great Worlds Fair will be elaborately
treated in the Inter Ocean. Can be had
for this price only by subscribers to the
RECORD UNION and WEEKLY UNION.
The record-union., 1893-05-30

PORK-Live Hogs, on foot, grain fed, heavy
ana medium. 6@4@ &c; stock Hogs, 51Q@554c;
dressed Hogs, 81 @93Ac e 10.
The record-union., 1893-05-30

BRoNCHITIs.-For hoarseness and sore
throat Browns Bronchial Troches are a
specific.
The record-union., 1893-05-30
SACRAMENTO MARKET.
Trade in Local Produce Circles Fairly
Active.

SACRAMENTO, May GOTH
Trade was fairly active in the local market
today, in fact, fully up to the average for the
opening day of the week. Cherries ana straw.
berries were not over-abuudurt, yet there was
no real shortage for home consum 3tion wild
Bluckberries We're moro plentiful, though
prices hold al pretty stiff figure
Vegetables OF all kinds are III good supply.
String and Wax Beans are arriving freely.
and prices tend downward. While receipts oi
CGullhower are not large, yet the supply is
sufficient 10 meet the wants Of local custom
ers.
There was not very active demand for
Dairy Produce to-day, and though stocks are
limited quotations remain unchanged
The record-union., 1893-05-30

June 1, 1893, at IL NJ, to June 20, 1893,
at II NJ,
For the sale OF seventy-hve 90 Sacramento
County bonds Of the denomination of one
thousand dollars Isl 900 each said bonds
to run for twenty years from the 1st day Of
July, 1898. and to bear interest at the rate of
~ per cent. per annum, interest payable
semi-annually at the County Trcasurer's Of
flee, in the City OF Sacramento. No bids will
be received for less than par value.
The Board of Supervisors reserves the right
to reject any and all bids
By order OF the Board of Supervisors. made
the oth day of May, 1898. +. LYON,
County Treasurer of Sacramento County. Cal.
The record-union., 1893-05-30
SACRAMENTO COUNTY
BONDS.
SACRAMENTO, May 23, 1893.

t5AOItAMLNIU, lndy 20 1915.
NOTICE Is HEREBY GIVEN THAT I.
~ EDWARD LYON, Treasurer of the
County of Sacramento, state of California.
will receive bids at my Office nom
The record-union., 1893-05-30
Ayers Pills

are recommended by all the leading
physicians and druggists, as the
most prompt and effective remedy
for biliOusness, nausea, costiveness,
indigestion, sluggishness of the
liver, jaundice, drowsiness, pain in
the side, and sick headache; also,
to relieve colds, fevers, neuralgia,
and rheumatism. They are taken
with great benefit in chills and the
diseases peculiar to the South. For
travellers, whether by land or sea,
The record-union., 1893-05-30
THIS DRESS SHIELD

COMFORT, NEATSEss. DURABILITY.
CLEANLINESS AND BEAUTY,
For sale at all leading retail stores
SCHWElTZER co., San Francisco. Cal.
Sole Agents for the Pacific Coast. TUE
The record-union., 1893-05-30
Retail Prices.
Il
Following are the prices asked by retailers

Tor the various articles mentioned:
GREEN tRCIT-Strawberries. p basket s
OSc; GoosebeIries, Sc = n; Cherries, white,
three pounds for 2 sc; black, 121a@l5c o n.
DRIED FRUlI-Apricots, 1OGl2c p h:
| Apples, o@l0c; Peaches, 1&9l &c; Pluns, ! =
! Bl4ci Prunes, oG1Oc; Pears, 7@9c; Nectar
lnes, l2@l6c; Grapes, Sl q boN; Figs, 5Gec
CITRUS FRUITS-Llmes, Mexican. Zoe p
doz; Lemons-Sicily, SOC q doz: California
Lemons, 1oc. OraugeS-Ki versidc, Seedlings
oOc y doz; NaNelS, 25@50c p dOz, according
TO size; Malta BlOods 4Oc p doZ; Cocounuts
LOG each; Pineapples. SOC each; bananas, l .
93Oc u dOz; Iamarinds, zoe = 10.
DAIRY PRODUCE-Butter, Valley. r roll
zoe; Fancy Petaluma, SOC; Nevada Creamery
oGc; Eastern packed, zoe q n; Firkin, "a
zoe. Chelse-CaiifOrnia, ] &c u b: Young
America, 16c; Eastern Creamery, 2Oc; Lin
ourger, 2Oc; Genuine Swiss. 4Oc; American.
Zoe; Martins Creamery, zoe.
EGGS-Fresh Ranch, 25c 2 dozen; two
| .POULTRY-Turkeys- Live, 2uc = B: Cob
| blers, zoe; dressed, 24c. Chickens-Hcns
5000 90 b doz, COG 75c each; boosters, S6@7
Z doz, GOg1oc each; Bfoilers, 50 "a doZ, 500
! 6Oc each; Tame Ducks 50 D doz, soc eacu
Geese, 81 81 each.
NEGErABLES-Turni 1870 q dozen;
! 8eetS, 1212c; Carrots, 121ac: Parsnips 2Jsc:
Lettuce, 1212c; Radshes, II ne; Leeks, l215c;
NeW Cabbage, oUlOc p head; CaullhoWCr
| lOc; Green Onions, 1879 p doz; Onions old,
! &c p ID; new. 4c; Dried Peppers, 25c; Garlic.
| sc; Horseradish Root, l0c; Spinach 50;
Green Peas, &c; Green Peppers, 35c; Dried
Okra, SOC; Rhubarb 5Q7c; Celery, 5@1Oc
| 3 bunchi Asparagus, &C q ID; Water Cress, 25c
| 9 doz; French Carrots, sc 2 bunch; Cucum-
| bers, small, three tor 10c; large, two for Sc;
Artichokes, SOC Z doz; String Beans, / 2 C
y D Summer Squash, 10c . u; Wax Beans,
! 15c.
p fb, -
c,5l,,l MEATs-Beef Prime Rib Roast, 121sa sc;
! Chuck Hoasts, 1oc; Rump, Sc; Brisket, Sc;
| Corn Beef, Sc; Porterhou5e Steak, 15@i5 Sc;
Loin Steak. 12&@15c; Round Steak, loc;
| Chuck, 1Oc. Neal-Loin and Rib Chops. So;
Roast Veal, 1870. Mutton-Leg 119l219c;
Loin ana Rib Chops, 1215c; Mutton Stew, SC;
| ShouICer Chops, SC. POrk-ROast or chops,
l5c; Corned Pork, l5c; Sausages, 1212c; Ii
emma Sausages, 15c; Bacon, 14@19c; Ham,
| BREADSTUFFS-FIo 81 10 ? Dbl, S1lO
| for Oh sacks, So 20 for 100-b sacks; Oat-
n meal, LON sacks, 4oc; Cornmeal, ION sacks,
| 25c Cracked Wheat, 1O-b sacks, Soc; HON
my, lon sacks, 4Oc; Graham Flour. lob
sacks, soc; Buckwheat, 1O-b sacks, SOC; Rye
| Soc p OH sacks.
HAY AND GRAIN-Hay, Oat, Csc p cwt;
| Wheat, 66c; second quality, SOC; Alfalfa 6Oc:
| Wheat, whole, 81 90; Ground Barley, 81 20;
Feed Oats, 81 6U@1 So; Middhngs, 81 Is;
/ 40. tra,t gCa-T
The record-union., 1893-05-30

Dry HIDES, usual seIectlOn, &c; Dry KIDS &c
z re; Calf skins, do, 90 91ac; Gull Hides, Kip
and Cali, 6@61zc; Pelts, snear,ings, 1O925c
7O990c each: DO, long wool, JOcGSI 40
each; Deer Skins. summer, 3714c; GO, good
medium, 30@3214c; DO, winter. 20@25c p b;
Goat skins. 5o95Oc apiece for prime to per-
feet, 1O@25e tor damaged and 5@1Oc each for
kids.
TALLOW-Refined, 654tg7c; rendered, $40
8 &c; grease, 31Sc r b,
TANBARK-Whole, SIG p cord; ground,
S24 y ton.
POSTS-1055c apiece.
WOOD Redwood, So 25; Oak, rough, s. %
O. so; peeled Oak, SIS; Pine, So IS 2 cord.
The times. [volume] (Richmond, Va.) 1890-1903, 1893-09-23
Genernl Anderson Criticised.

Brigadier General Anderson is being
sharply criticised by some OF the State
officials I'm regard to the action taken
by him concerning the trouble in Roa-
noke. II is claimed by these officials
that General Anderson had no right
to take any steps In the matter nj ALL
even I'm the absence of the Governor.
unless he had been requested TO do so
by the proper authorities at Roanoke.
they claim that this is the only cor
rect Interpretation of section 36s OF the
code Of Virginia, which reads as fol-
lows:
'In case Of any breach Of the peace
tumult. riot or resistance Of law, or
imminent danger thereof, it shall be
lawful for the sheriff Of any county.
or mayor Of any city, TO call upon the
governor for aid, and in cases where the
emergency is such as not TO admit Of
this delay, upon the cOmmandant of
any division, brigade. regiment, or COM
pany, upon whom such call Is made,
to order out. in aid OF the civil author
tiles, the military force. or any part
thereof, under his command. Such call
for aid shall be by means Of a summons
isued by the sheriff or mayor, directed
to the commandment OF any such divi-
sion. brigade. regiment, or company, d.
recting him 10 order his command, or
a part thereof, TO appear at time and
place therein specified, 10 aid the civil
authorities in supporting the laws.
The times. [volume] (Richmond, Va.) 1890-1903, 1893-09-23
Reforming the Richmond Press.

II is pretty generally understood that
= rartv committee for any iocaiity II
charged with particular duty '.rIc'is
political IL may occasionally lhu'"7S Ia
a bif Of tariff reform. civil service re-
form or reform OF party macniheiy' uu.
IL has been left for the city Delh'CiaiS
Committee OF Richmond, va, TO Orsdh
down all bars and go braying In triu nph
through the field OF another reform-a re-
form Of the press.
AT its last melting the committee, AFTER
some debate, resolved as follows.
THAT the Executive Committee OF this
hodv see the managing editor Of each OF
the dailies and request that they instruct
their reporters in future only 10 recoru
the action Of the committee in brlet
way. and not comment on the views or
expressions OF individual members"
The explanation OF the Introduction or
such n resolution 20 the COMMITTEES ~
made by its author n certain Mr.. JeHer-
son Wallace, who thus leaps into 1ai1e'
According TO the report Of the meeths ne
thought Il unseemly and improper Tor
Democratic paper to criticize individual
members OF the committee, particularly
just before a canvass, though c1tlclsns
OF thee committee as a whole might DE
permitted: he knew from experience that
reporters were mere machines. and ex-
pecfed TO write the sentiments OF the
paper on which they were employed, ana
that the blame did not always lie with
them He was purely altruistic In his
action, as he had never been criticised
How he has escaped criticism thus far
is A marvel equalled only by the fact that
the committee stood by him. 1t Is too
early to know what the managing editors
OF the dailies will do in the face of this
portenuous request. but 1t is 10 be hoped
that they Will inform the committee that
they know their own business best
WashinRfon Post
The times. [volume] (Richmond, Va.) 1890-1903, 1893-09-23

No doubt, madam, you know expert
mentally and otherwise, that all the
worlds a stage and our dolls are stuffed
With sawdust. But did you ever happen
10 hear that your furs were turned with
the same? tina. the use Of 1t made what
seems TO you so worthless real article
OF commerce?
The fact remains even If you never
heard 1t. 4 curious ar'stocratic correlation
too, runs through the process. It's fine
dust 10 fine furs--rosewood mahogany, ce-
dar and camphor wood. for dressing such
skins as sable, ermine, marten and their
llke---while plain ordinary oak and beech
and even pine answers for less costly
pelts There is a heap TO tell any way
about any sort OF fur. The further north
the original owner lived. moved and had
being the finer and thicker and more val
liable the fur.
The season, too, has much 10 do with IL.
Fur wearers shed their coats in summer
even within the arctic circles. The two
great fur regions are Siberia and British
Columbia-that part Of it controlled by
the Hudson Bay Company. which is the
greatest and most benignant monopOles
in the world. 1t buys every skin OF every
sort mat any man will fetch 10 il, bit you
can neither beg, borrow buy nor steal a
single bit OF its fur on this side OF the
water. since II is bound by its charter 10
send whatever II may gather untouched
TO the mother land for manufacture.
American seal skin goes there. too.
either because of trade secrets that 10
fellow can dnd out, or some inexpHcable
property Of English air and Thames
water. London is the only place where
seal fur can los properly dyed. To do il
the skins, after curing, are tackled tightly
70 a thin board; then, with a soft brush,
the furry surface is wet with the dye,
the dyer takes the greatest pains that the
liquid does not get 10 the skin underneath.
lie is even more careful TO give an even
color, and usually goes over II three times
20 make certain Of that desirable end.
And then-ah, theni some mad searcher
after novelty takes the rich, soft, yeivety
fur and sews it and fortunes II into such
shapes as this-coIlar fitted Ike jug
and edged with mink a Tapping ampli-
tude of folds that hide al semblance Of
natural grace; then. superadded, the deep
damnatiOn Of double shoulder rutiies, the
upper ones OF seal OVERLAPPING Others OF
mink, and both running down 10 outline
fitted mink vest.-The Latest
The times. [volume] (Richmond, Va.) 1890-1903, 1893-09-23

uished 20 all the people Of the United
States less than sieoUO0. 100 OF currency
when two thousand millions were want
ed. And they would hot have furnish
ell even this triaing sum bat for the pro-
visions OF the National Bank act which
requires them TO all events
certain amount OF United States bonds,
and they kept out a certain note issue
as sort of compensation fer being COM
PEELED to keep this much OF their capital
locked up in their bonds. In other words
they forbid everybody else 10 issue cur
rcncy that the people Imperative
iy require and then they issue
none themselves but the triflng sum that
they are prodded by physical force into
putting out. The New York Journal Of
Commerce concludes most sensible ar
ticle on very much the same lines as
those we have discussed, with the fol-
lowing remarks:
The trouble with the national banking
system IS not that II Is national" IL may
be that and yet as good as any other; and
If there is any large proportion of the
people who prefer that form OF organiza-
ton. there is no just reason, constitutional
or other, why that preference should not
be satisfied, though not 70 the exclusion OF
other constitutionaily authorized methods.
The great fault Of the system is that 1t is
formed after ideals unsuited TO the re-
quirements Of this country: that it is fun
Of sacrifices Of Banking principle TO the
war necessities OF n generation ago; and
that IT is too restrictive and almost wholly
inelastic In its regulation Of note Issues.
one Of the first steps I'm banking and cur
rency reform should therefore be a liberal
revision of our national banking laws.
If the Journal had said that the revision
should consist in repeating the tax on the
issues OF State banks It would have en-
tirely covered the case. Let the National
Bank act remain just as It is for those
who wish to resort 10 its provisions, but
allow those people who prefer to do bank
ing business under the laws Of their States
10 do it If they choose.