The Mena weekly star., 1898-01-05
BRANCH BANKS.
Thomas c. Shearman Favors Their
 Establishment on Large Scale.
MIR. ROCKEFELLER'S GIFT.
Chicago University Receives S2OO, 900 from the Millionaire and College of Com merce and Politics Will Be Estab-
 Iished-Atonement for Thefts.

NEW YORK, Jan. 5.-In response to request from the monetary commission for an expression of his views on vari- ous financial questions, Thomas G. Shearman, of this city, has submitted to the commission a paper on the establishment of branch banks on a large scale. II regard this plan as far more important, as we'll as more prac- ticable," says he, than any other remedy which has been proposed for the settlement of the currency ques- tion." Mir. Shearman insists that nature has driven conditions forward to point at which the whole country is actually on banking basis, instead of money basis, for exchange. Those sections of the country which have the fewest good banks are just as much upon a banking basis as the rest of the country" he says. 'The tremendous increase of exchange, which has gone on with advancing civilization, has reached proportions which make it hopeless to expect that such exchanges can ever be carried on by the use of actual money, however that term may be defined And whether money consists only of gold and silver, or includes also bank and gov ernment notes. representing gold and silver, makes practically no difference. There is not, there never was and there never will be, enough money, even within these liberal definitions, to enable one-tenth of the exchanges of this country to be conducted by the ac- tual use of any such money. The dis proportion will increase instead of diminish. The large central banks ought to be allowed to establish bran ches in every part of the country"
 Another Rockefeller Gift.
 CHICAGO, Jan. 5.-AJ the 2ist convo- cation of the university of Chicago, at the Auditorium last evening, Presi- dent Harper announced the gift of S200, GOO by John D. Rockefeller to en- able the university to swell it's income for the year beginning July 1, 1898, to $729, ,000 the sum needed to carry out it's work as planned. He also an nounced that college of commerce and politics would be inaugurated under the auspices of the university to teach practical business and politics, to include departments of railways and transportation, banking, finance, insurance, manufacturing, trade, dip- lomatic service and journalism. The affiliation of Rush Medical college, one of the pioneer medical institutions of the west, with the university was also announced.
 Atonement for Thefts.
 SAN BERNARDINO, Cal, Jan. 5.-A. P. Revis, a member of the Salvation army in Redlands, who was arrested for wholesale thievery, appeared before the superior court yesterday with Bible in one hand and tabufated statement of his thefts, committed since 1888, in the other. He pleaded guilty to the crime charged in the information and also insisted that punishment be ad- ministered for each theft committed as per his schedule, which appeared by the score. In that way only, he said, could he atone to just God. The de- fendant presented so novel a case, without any attorney to advise him, that the court refused to pass sentence without further consideration and con tinued the time for sentence two days.