davidaulloa/AmericanStories huggingface dataset:
Minnesota stats tidning. [volume] (St. Paul, Minn. ;) 1895-1939, 1896-12-30

Nara att bIi lyncliad var fredags
Fred Bernier, en- motorman i Chicago
George e. Denmark, en- 1iten 7:arig
gosse, hade blifxit of fyegkord ooh dodad
hvilket sa uppretadea on. del bomare
som samlat sig. att de togo fatt pa mo.
tormannen och hotade att hanga no.
nom, och, det var endast med moda po.
liserna lyckades hindra dem fran att
utfora slit uppsat.
Allison Ranch grufyan California
som for % ar sedan iofversvammades
och maste ofvergnvas, kommer antagli.
gen att ater oppnas. Densamma var
pa sin It'd den NEST vinstgifvande guild
grufvan Grass Valley, och redan 1865
hade grufdriften lyekats sd fortrafHigt,
att aktieegarne erhalli tire millionert
dollars iutdelning. ! grufvans narhet
var emellertid en- underjordisk fiod
adra. Harom hade man da ingen kan
nedom, men en- dag rakade en- grufar-
arbetape med sin pickhacka tranga ge-
nom jordskorpan, som utestangde watt
net fran grufvan. pch Snom nagra mi
Z
nuter var grufvan ofvgrsvammad. Man
sokte pumpa ut yattnet men vattenfio-
det var sd starkt att forsoken misslyc-
3kades, hyarfor grufvan maste ofvergif-
vas For alta arsedan 0fvergick gruf-
egendomen j handerna pa millionaren
John w. Mackay, och denne i f6rening
med John Il Flood kommer nu att GO
ra annu ett f6rsok 1 syfte att torrlagga
grufvan For delta anaamal skall ett
pumpverk uppforas xiid grufvan. Ar
betet detsamma lager sin borian den
/ nastkommande fdlsrlari Med detta
verk skall en- million gallons vatten
dagligen kunna ufpumpas, och enligt
gjord berakning sIssllle Oct taga iva ars
arbete att fa Rrufvan tor.
Minnesota stats tidning. [volume] (St. Paul, Minn. ;) 1895-1939, 1896-12-30

The TIankato Packing Company har
i dagarne blifvit organiseradt med ett
aktiekapital af s25,Ooo. j. M. Neal
hvilken forestar ett Packing & Pro-
vission Company Davenport, Iowa
star spetsen for det nya bolaget. Bo.
laget skan begynna sin verksamhet j
b6rjan pa det nya &ret. Delta f0retag
torde blifva till nytta ej allenast for
staden utan afvenledes for traktens
kreatursuppfodare.
Nyb6rjare. Inbrott for0fvades en-
matt fora veckan en- handelsbutik /
st. Francis. Med verktyg hemtade
fran en- narbelagen smedja hade den
okande inkraktaren brutit upp butik-
dorren SAINT borrat hal kassakistan,
hvilken sedan sprangdes. Harvid hade
han emellertid anvandt sa mycket
krut, att hela byggnaden var nara att
remna. Knallen var sd stark att gran
narne blefvo grundligt uppskakade
deraf. Tjufven fydde forskrackel-
sen 0fver smallen utan att erhalla ma
got byte.
4 BeI6ning for under arets lopp ut
planterade trad har staten utbetalt till
en- sammanlagd summa af s19, ,530.O1.
Fordelningen bland de respective
countierna ar som folier:
Minnesota stats tidning. [volume] (St. Paul, Minn. ;) 1895-1939, 1896-12-30
St, Paul Minneapolis, 80

D6dsfall. r. kongressmannen Hatch
aaed forliden onsdagsqyail i Hannibal,
Mo-, Brights-sjukan. General John
Meredith Read fran New York afed
sondags Paris, Frankrike, i en- alder
af 80 ar. 4, |
Ljusare utsigter. Arbetarne vid de
stora Carnegie-fabrikerna och verken
i Pennsylvania underrattades fora
veckan, att deras ahoningar komma
att aterstallas till hvad de voro fore
den sista lonereduktionen. T,
Venstra armen krossad fick harom
dagen en- gammal man vid namn Peter
Nelson genom att vid 80 st. Chicago
ofverkoras af ett Fort Wayne banans
lokomotiv. Manner, som blockade upp
kol q jernvagssparet, observerade ei
det ankommande lokomotivet tids noa
for att komma ur vagen for detsamma
Minnesota stats tidning. [volume] (St. Paul, Minn. ;) 1895-1939, 1896-12-30
MINES esOtd-nyheter.

Fran Grand Rapids formales, att snon
igger SD dup skogarne att skogsaf-
yerkningen derigenom hindras.
Fran Worthington formales, att om-
kring en- fierdedel af arets skord annu
star j stack pa akerfalten, och trosknin-
gen pagar mar Vaderleken det medgif-
yer.
Nya reservoirer. Regeringens landt-
matare hafva fullbordat matningsarbe-
tena vid Gullsjon, hvarest nya reser-
voirer skola byggas. Afven vid Big
stone och Traversesjoarne skola upp-
matningar g0ras andamal att framde-
les forvandla dessa sioar till storre
vattenreservoirer for den torra arsti-
den. -e~--
Minnesota stats tidning. [volume] (St. Paul, Minn. ;) 1895-1939, 1896-12-30

Till Iifstids straffarbete domdes i
mandags Havanna, Cuba, amerikana-
rem Julio Sanguillo. hvilken forlidet ar
blef haktad af spanjorerna pa ankla-
gelse af uppviglingsforsok.
BanEkir begar sjeEfmord. Bankiren
Otto Wasmansdorff, medlem af den a
annat stale omnamda bankirf1rman
Wasmansdorff & Heinemann Chicago,
begick sjelfmord sondags genom att
skjuta sig for pannan. Financiella
sv&righeter anses ha utgjort anlednin-
gen till den fortvifade handlingen.
En- starartad plan. Enligt hvad som
meddelas fran San Francisco, Cal,
skulle man der dagarne ha fatt kan
nedom ON en- storartad, af nagra fore
tagsamma kopman "das crosse Water
land snillrikt uttankt plan, hvilken,
ON den, kan f6rverkligas, kommer att
lagga hela Japans utlandska handel i
tyskarnes handler. Eft maktigt syndi-
kat, bestaende af tjugofem tyska af-
farsfrmor, jernvagsbo bolag, skeppsrede-
rier ooh andra stora foretag deri inbe-
gripna, larer namligen ha bildats och
redan ligga understanding med japa-
nesiska regeringen ON att 0fvertaga all
sjotransport of till Japan inforda han
delsvaror. For delta andamal skulle
syndikatet uppratta en- handelsfotta
SAINT traffa sarskilda, for Japan synner-
ligen f0rmanliga ofverenskommelser
med firmor europeiska och andra Ian.
der. Iyckas planen, sa komma tyskar-
ne att sd godt som utestanga Forenta
Staternas och de ofriga kommersiella
nationernas handeIshottor fran Japan.
Vissa framstaende japanesiska k0pman
Isagas vara intresserade det kolossala
30retaget. 5
Minnesota stats tidning. [volume] (St. Paul, Minn. ;) 1895-1939, 1896-12-30
Wisconsin -nylleter.

For mordf0rs0k mot nyvalde distrikt-
advokaten @. B. Sanborn Villas coun-
ty har DIR g. H Hadley i Eagle River
blfvit haktad. 81
En- okand man blef i fredags oval Of
wexford och dodad af ett tag mellan
Appleton och Menasha. Mannen hade
at trotthet lagt sig ned pa sparet. -
Herr F. o. Olson, "car foreman" yid
Ch. st. P. M. & Omaha banan Ash
land forenades sistlidne onsdag / ak
tenskap med miss Edith Sturdevan
fran Rockford, Virginia.
Sleifmord. Nils Christensen, al fir
man P. 8. Thompson Il Co., La Crosse,
tog sig sjeR afdaga forliden m8ndags
morgon genom att hanga sig. Han var
omkring 80 ar gammal. Olycklig kar-
lex utgjorde orsaken till hans ifsleda.
Fran West Superior. J. II. Isaacsen,
sages ha de basta utsigterna att inomE
kort It'd blifva utnamd till postmastare
South Superior. - Bank of West SUI
perior har n0dgats att stanga sina dor
rar. Bankens. trangmal harledde sig
fran Bank Of Minnesotas st. Paul fall
lissement 's-7sfS< :.
Nedrigt mord. Farmaren John Hell
mes, boende nara Grofton, blef SON
days eftermiddag lifsfarligt skjuten af
en- losdrifvare vid namn Ferdinand
Fragennecht, hvilken han vagrat att
gifva en- maltid mat. Mordaren ffydde,
men :blef strax gripen och insparrad i,
fangelset. -.--~ z. ...s. Re- ...... -.5s
Skjuten af vada blef fredags 2l:ari-
ge ynglingen Frank Boan fran Beloit,
da han var ute ooh jagade, ito mil ve-
ster ON staden. Olyckan skedde deri-
genom att Boan vid forsoket att uttaga
bossan fran vagnen rakade afiossa ett
skott, som traffade honom brostet,
medforande en- ogonbicl1lig dod.
Svar anl1lageIse. Walter Banister
och Violet Beers haktades mAndags /
Spooner pa anklagelse att hafva NOR
dat ett itet barn. Afven haktades
Elizabeth Butler och Eunice Butler sa-
som medbrottslingar. Flickan Eunfce
Butler framfodde barnet pa juldagen
och pafoljande dag fans det liggande
dodt af chloroformforgift giftning .Banister
uppgifEes som barnets fader. LIZ.
Minnesota stats tidning. [volume] (St. Paul, Minn. ;) 1895-1939, 1896-12-30
Dakota-nyheter.

Stadsn Llsbons N. D. grundlaggare,
Hon. Joseph L. Carlton, har nyli-
gen afidit Florida. Hans enda dot
ter ar gift med statssenater johnson
Minot, n. D. ....s.a..-...
En- fjortonarig blind dotter till. Nels,
Nelson, en- framst&ende farmare nara
Carthage; s. D., fans pa juldags norge
men iggande dod sin sang. Dodsor-
saken uppgifves ej.
Vid unders6kningen af en- revolver
blefvo onsdagen forliden vecka apote-
karen j. F. Mahoney och DIR j. d. VIM.
dell Park River, N. D, bada skjutna,
den, senare lifsfarligt. :.
rlord och sjelfmord. Ed Rosa i Fo-
rest City, s. D., ikjelsk0t mandags
Mary Biehl, hvarefter han gjorde slut
pa slit eget lif. Ingen orsak till det
hemska dramat uppgifves. .-.-:..
Fran Vermlllion, S. D., formales, ati
A. D. Ringsrud, repubGkansk guver.
! norskandidat under. sista kampanjen,
forklarat sig viIlig att antaga minister
posten till Sverige och Norge, ifall
den erbjodes honom. Han dr. nog icke
den ende. -
Befunnen slyldig. Juryn mAlet
mot Christian Christianson Clark, 8.
D., ,hvilken anklagats for att hafva NOR
dat sin hustru, sasom fora veokans
hummer omnamdes, fam honom tors
days skyldig och faststalde hans strait
till ifstids fangelse.
Tillfangatagen efter mycket besvar.
En- inbrottstjuf sokte fredags qYan
att stjala kassalSllan ur John Boos bur
tik i Leonard, melan egaren och hans
family ato qvaHsvaFd ett angransande
Erum. Boos horde tjufven och saifte
att gripa honom Efter att hafva for
fo1jt honom fem mil lyckades han af-
ven fa fatt illgerning gsrnannen.
En- professor som begar sjeIfmord.
Prof. e. ID. Mckay, larare j grekiskR
spraket och iteraturen vid baptistsko-
Ian Sioux Falls, s. D., begick en- dag
forliden vecka sjelfmord genom att
hRnga sig. Dem fortvifiade handlingen
utfordes under ett anfal az tempor8rt
yansinne, som paskyndats genom Of
veranstrangning och ett sjukdomsan-
fall.
En- fanges hGmd. Van Moore HUI
ron, 8. D., hvilken nyligen utslapts
fran statsfangelset, har haktats for
mordforsok mot Jake Dolphus pa Chey-
enne indian agenturen. Moore miss
tankte Dolphus att hafva varit orsaken
till hans insparrande ifangelset for
fyra ar sedan och gick genast, sd smart
han aterfatt friheten, att upps0ka ho-
nom. Dolphus blef lila sonderskuren
och kommer troligen att do at sina
sar.
F6rstening pa bestallning. Humph-
rey's Creek, en- iten back nara Rapid
City, besitter den forunderliga egen-
skapen, att den forstenar ALT, som
nagon It'd far ligga under vattnet. I'm
man, som heter Christianson, har nu
anlagt hvad han kallar ON '.petri faction
farm och tager sig pc att f0rstena
menniskolik till priser fran $50 till
$500 Han pastar sig ocksa kunna for
stena hundar kattor, foglar .. 8. Y. s'till
mycket rimliga priser", meddelar On
bytestidning.
Minnesota stats tidning. [volume] (St. Paul, Minn. ;) 1895-1939, 1896-12-30

Staden Llsbons i N D. grundlaggare,
Hon. Joseph L. Carlton, har nyli-
gen af1idit Florida Hans enda dot
ter ar gift med statssenater johnson
Minot. n. D. -..----.---
Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1896-08-23
SUFFOLK.
The Wright TriaI-Two Correc-
fIons-Personal Notes.

SUFFOLK, VA. August 22.-(Special)-
In the report OF the trial Of c. W. Wright,
ex-Treasurer OF Suffolk. which appeared
in Wednesdays issue OF the Dispatch an
unintentional error occurred. which placed
the Judge OF the court in an anomalous
position in the eyes OF the legal frater-
nifty. though laymen would probably never
have noticed IL. The report stated that
Judge Kilby denied a request for sub
poena duces tecum. against the Council
committee. which. Of course, was mis-
take Of the reporter. The gentlemen COM
posing said Council committee were sum
moned and appeared In court, when eoun-
SCI for the prisoner. before the trial, and
before announcing their readiness for the
trial, moved the Court 10 swear the Wit
nesses, and compel them TO produce
certain report for the prisoners inspec-
ton. 1t was this motion that the Court
overruled. with the statement that the
prisoner should have the full benefit OF
his subpoena at the proper time. later on.
In the report in Fridays Dispatch, l
was misinformed as 10 the facts. and
credited the Commonwealth with VIC
tory which belonged 10 the defence, as
Judge Kilby ruled against the admission
OF certain recapitulations instead OF al
lowing II.
Withers Division. No. z. Uniformed
Rank, Knights OF Pythias, left here yes
to-day on a special car over the Norfolk
and Western railroad en- route TO Cleve-
land, O., TO attend the biennial encamp-
ment OF the order. There were twenty
four knights. under command Of Captain
". y. Lawrence.
Rev. J. T. Witty, wife. and daughter
Of Bedford City who had been visiting
relatives in Suffolk. returned home yes
terday.
Among the popular young lady visitors
In Suffolk are Misses Lacie PROCTOR OF
City Point. and Alice Reed, Of Lynchburg
who are guests of the Misses Applewhite,
on Chestnut street.
Misses Claude and Katie Seay, OF Rich
mond. who have been visiting friends
here for about three weeks. expect 10
return home tomorrow.
Misses Lizzie Booker and Alma Elan. Of
Suffolk are visiting the family OF Rev.
George L. Booker. D. D., Of Onancock'
Va.
Mrs. W. L. Mcleod and daughters. ar
rived home last night from Charlottes-
vile, where they had been visiting friends
for two weeks.
Judge K. r. Prentis and wife are IN
Saratoga. y. Y, where he went 10 attend
the meeting Of the American Bar Asso-
cation.
Rev. 4. \. Pruden, Of Durham. y. c,
is visiting relatives In Suffolk. and will
preach at St. Paul's Protestant Episcopal
church tomorrow. The rector. Rev. ".
A. Barr, IS absent on a months vacation.
Rev. ~ c. Moore. former pastor Of
the Suffolk Presbyterian church. will
preach at the Main-Street Methodist
church tomorrow morning. No service at
night
Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1896-08-23

Republican candidates for Congress In
this district, had been taken down by
direction Of the National Committee
caused no surprise here. This action was
some time ago predicted in this CORE
spondence.
Sergeant Crichton this morning ar
rested two negro boys. charged WITH
breaking into and rotbng the auction
store OF J. Knox Pannill, on Sycamore
street. The stolen property was found
in their possession, and they were COM
United TO ia,l.
~ GOOD CONDITION.
Mr.. John Z. Townes, the expert APP
polnted by the Council TO examine and re-
nort as 10 the condition OF the books
and accounts Of the various city ofhcials
for the past fiscal year, has completed
his work. and viii make his report 10 tle
Common Council on September lst. He
says that he found everything IN hIsl-
class condition. and thinks that no city
in the state can boast OF better set
Of officials than Petersburg.
Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1896-08-23
OLD POINT.
Gayety Resumed-Arrival OF oro-
nnnce-PersonaI Points.

OLD POINT COMFORT, VA, August
2-CSpeclal.)-There was general reJOlC-
ing among the visitors at the Point, and
the residents as we'll, when the cool "AVe
made its appearance early in the week
postIng and dancing, which had largely
been suspended during the heated teIih'
have been resumed with yisor that IL
dictates a desire to make UP for lost TIME
and that life is indeed worth the living
THE arrival OF nine carloads or ORD
nance stores from the Sandy HOOK prov
ing-ground, comprising three W-lhcH
rifles. a l2-inch mortar, and a dlsappeSi
ing gun-carriage, has been naiIed WIN
delight by the officers OF the garrison
These acquisitions are now being moNel
10 their destination, and Will DO useu
for target-practlce by the officers OF the
school and the batteries sent mere every
summer from Baltimore and Nashlhs eoI'
Lieutenant A. N. Hunter fourth At
tilIery. a graduate Of the last class' Iet'
last evening for Baltimore. TO JON h4s
battery at Fort McHenry. ~
lieutenant w. c. Davis. Fifth Artlle-
~. leaves on Monday for Boston, where
he Will be married September 10Th. Inc
brise-elect is Miss Margaret turner
schenck. daughter OF Captain ID. ~
Schenck. Second Artillery. The young
couple win take a bridal trip 10 San
Francisco. where his battery Is stationed,
Pay-Dirsctor c. II. Eldredge, United
States navy, and wife, who nave been
spending the summer at the Hygeia' nave
gone TO Cockeysville, Md, % V!slt IilehuS
Major William a. Kobbe. IhiTa arm
lery. has departed. with his family Ioi
Charlottesville, Va, TO enjoy Two
months leave.
Lieutenant S. F. Allen. Fifth Artillery
who has been on duty at West Point foi
the past four years. has arrived Win
his family for a twoyears course al the
Artillery School.
Mr. Jack Story, who came down 70 at.
tend the marriage Of his sister, returned
10 Washington yesterday.
Miss Mary Baulch, with her grand
mother. Mrs. Lucy A. Seymour, is ylsit'
ing her aunt. Miss Thompson, OF Burning
ton. Ky.
Mr.. Charles NJ. Phoebus and wife, OF
Washington, are visiting his mother at
Roseland.
Colonel T. Polk Johnston, 81 Frankfort,
Ky, Is here on a visit. while inspecting
the custom-house at Newport News.
Captain George Booker postmaster, has
gone on n visit to Red Sulphur Spsings.
Mrs. Warren S Yeatman, who has
been visiting her aunt. Mrs. Bodell, re-
turned 10 Washington tonight
Mr. John L. Tiernon has returned 10
Buffalo after a months visit 10 his pa
rents. Captain and Mrs. Tiernon. OF the
garrison.
Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1896-08-23
THE HOT SPRINGS.
4 Large and Representative Conn
pany-Rfchmond Visitors.

HOT SPRINGS, Va. August 22.-(Spe-
clal)-Bright-eyes. clear skin, elastic
step, and bouyant spirits, all
speak in words moro forceful than
any I can use OF the blessings TO be
had for the asking at this BIT OF Para
disc that seems somehow TO have made
its escape from the ancient and accepted
locality. and dropped down here in this
lovely valley, which nestles in the encir-
cling arms Of great protecting mountains.
All the hotels-and better cannot Dc
found anywhere than some Of these-are
pretty we'll filled with most desirable
people from North and South alike.
Almost every city OF prominence Is rep
resented I'm this ideal summer settle
rnent The classic Bostonese, the stylsh
New Yorker. the grave Philadelphia, the
hustling Chicogoan, the important Wash
inetonian (who has TO settle the silver
question just like the rest of us. at least
once a week.; the soft-voiced Creole from
he distant Crescent City. and the F. +.
VS. from Richmond mingle with repre-
sentatives Of many other sections, which,
Ike the subjects Of the compositions OF
our youth, are TOO numerous TO men
ton"
The society contingent Is very gay, as
the soft, sweet strains floating down
from the casino testify. Wealth reVels
in a most fitting environment at the new
hotels. while pain holds its carnival also
within the restful walls OF the Invalids
Home, deep down IN the heart of the
valley
Old and young, rich and poor. strong
and weak, all find welcome within this
lovely valley. and soon find their proper
niche, wherein they fit until fitting time
comes again, and good-by must be said.
regretiully, to this new-found Paradise.
while others come in TO enjoy the bless
ing TO be found In returning health.
The springs have been wonderfully i'm
proved and built up this summer, and
some OF the hotels equal any Of the
sort on the continent.
And so efficacious are the waters, so
marvellous are some OF the cures; that in
the natural course OF events, five years
hence. the guests will number thousands,
where now the hundreds come.
Among the many now on the grounds
are the following from Richmond: Mrs.
T.. b. Breeder. Mrs. A. Dill, Mrs. William
Din, Mrs. Sallzer. J. Reinhardt A. d.
Balauff, S. G. Ballauff, II. Burkert, Miss
Elizabeth West. Mr.. and Mrs. James
Caskie. Judge Christian, Mrs. Christian.
Mr.. and Mrs. T. A. Carey. p. II. Mayo
and family. G. Millhiser. Mr.. and Mrs.
N. Millhiser. Mrs. e. Millhiser. S. Fried
ley. Mrs. Friedley, G. lander. J. T.
Parkinson. George L. Schwartz ]. F.
Etchington. Rev. Hartley Carmichael, S.
Hirshe, Or. l.. NJ. Cowardin. Mrs. s.
Hirsh. Misses Estelie and Florine Hirsh,
Mr. A. Hirsh. and Mrs. Robinson.
Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1896-08-23
The Game of Draughts.

(ChamDerSS JOGrnal)
Draughts In some shape or form Is
doubtless a very ancient pastime. Indeed,
tho safest thing TO say about II Is that its
origin Is lost In the mlsts OF antiquity
Representations OF persons playing al a
game resembling dreughts are frequently
found on ancient Egyptian monuments at
least 800 years old. The Greeks had a
similar game, from whom possibly II
passed to the Romans. At least the old
Roman game OF latrunculi seems 10 have
been a kind OF draughts-though II Is
doubtful II the game as now played is
very ancient. The game was popular ana
well known I'm France and Spain in the
seventeenth century, and was probably
played there and In England centuries be-
fore that That II vas from France the
game came into many OF the other coun-
tries Is evident from the fact that the
French name-jeu do dames-passed with
IT,
Dam or damme was once the regular
English name for one OF the pieces; IN
Germany the game Is still called dame
spiel; In Holland tho board Is dambord.
and In Scotland las will be remembered
by readers OF Dean Ramsays anecdotes)
dambrod still survives. In tho United
States the less usual name OF che1uers,
spclt checkers. Is employed. Polish. Span
ish. Italian. and Turkish draughts are
varieties OF the same game. The Polish
game, which has several peculiarities. was
introduced TO Paris IN 1723. and was at
first played on a board or hundred
SQUARES. with forty men.
Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1896-08-23
ASKS FOR LOAN CERTIFICATES.
New York Bank OF Commerce. n
Nicarious Petitioner.

CNew York Journal. 22d)
The National Bank OF Commerce has
placed with the Clearing -HOuse Loan
Committee en- application for. clearing
house certificates, the application 10 be
used by the committee at its discretion
and In case any other banks should re-
qulre certificates.
This is regarded as a move on the part
OF the Bank or Commerce 10 prepare for
any financial upheaval that might embar-
rass other institutions. The Bank OF Com
merce Is able, OF course, 10 meet any
storm and makes the application, II -
understood. in order that any other bank,
not so strong, might be able 10 get the
certificates without calling attention 10
the fact that 1t needed them.
In financial circles yesterday even the
widest calamity howlers did not believe
there was any immediate necessity for
loan certificates, or that good excuse
i0uld be found by any bank for asking
o have them issued. The banks are ac-
used Of boarding money, instead OF run
ming short, and to this is ascribed the
dull market
LAST ISSUE IN 1893.
No loan certificates have been Issued by
the clearinghouse since 1898. Provision
was made for doing so during the panicky
times last winter but no applications
were received.
The effect Of the issuing OF loan certif-
Gates Is to give the bank that takes them
out that much more money for the trans
action OF business That Is, II bank IS
in need Of more money 10 settles bal
ances against 1t in the clearinghouse by
taking out certificates, on which II has
70 pay percentage.
A committee consisting Of bank presi-
dents acts on all applications for loans,
and determines the amount each bank
may take out.
GOLD IDLE IN VAULTS.
The ability Of the associated banks OF
New York TO help any in need Of addi-
tional funds is shown by the fact that
when the gold was transferred into the
vaults OF the new clearinghouse Asso-
citation building last May there was q
tons OF II. amounting to So 10000.
About this much OF the yellow metal
remains idle constantly, its owners hold
ing clearing certificates of deposit
IN denominations OF 5000 and $1,000.
Should any bank make an application
for loan certificates the application would
be considered secretly and the loan made
without any but a few bankers knowing
OF the transaction.
There are seventy banks in the Clear
ing-House Association. and these act In
Individual cases for the banks that are
not members