davidaulloa/AmericanStories huggingface dataset:
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1898-08-11
Daily kennebec 3ournaL
card. u thanks. obituary no.,c., =.

Cards - thanks. obituary notice. re-.
buttons Of respect. etc. viii he chsr.,e
at the rate OF ten cents per line n.
charges less than scycnty-Hvc cents.
All Advertising ANNOUNCEMENTS ~
entertainments, whose object 10 -
raising Of money will be charged at n,
rate osffteen cents a line.
Advertising notices, news form, vim
be excluded from our local columns. a.
cept sucA as refer to advertisers oceu.
plying space In our advertising coIunpr
and VIII be run under a separate Asa1
on one offhe local pages.
sabscriben who fail to receive h.
JoURNALpromDtly will confer fay~
by notifying the Office Immediately.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1898-08-11
New York Cotton Market.

New York. Aug. IL.
Cotton futures closed barely steaCy.
August, $50: September, 5.S5; Octob r.
5.Ss; November, so; December. 5.94: jan
uary, $50; February, 600; March, SOB;
April Cos; May, Clio
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1898-08-11
CHICAGO Wheat Market.

Chicago. Aug l0.-Short selling. today
encouraged by magnificent crop prospec :
wiped out an early bulge in wheat. S, p
TENDER closed IS lower. and December =
m&4. Corn lost 1sMl4. Oats declined 4
Provisions closed strong at 32i2 advar c,
for pork, l2i2M15 for lard. and Is for ri IS
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1898-08-11
New york Money Market.

!" - New York. Aug. TO-
Money on call steady, 1A42 per cent
last loan. per cent.
Prime mercantile paper. 3Ad4A.
Sterling exchapGeiISteady at A.s5AM
l.S51s for demahdf And A.S3a.m4S4 for 81
days; posted rates, $i.S4i3n4.S5 and 81 81
Gi.sG12: commercial bills. $4S3A
Silver certificates. 5Ss4M59l4
Bar silver, 59h
Mexican dollars 45a..
Government bonds, steady.
Railroad bonds firm.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1898-08-11

Landlord j. p. Randall of the Ccny
house, has greatly improved the looks
OF his house by the liberal use of paint
throughout. Light tinis were used and
they have greatly added TO the a.
tractiveness of the house.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1898-08-11

On account of not being sufncie".
water the steamer Islander will nv
run to Augusta after Thursday nigns
Aug. IL. until Thursday night Aug =.
1898. VIII leave Augusta. Frioas
morning. as usual. Passengers ifos
Augusta can take $50 Electric. weeA
days. and there will be a special CO.
leave Augusta. Sundays. at I o'cioor
\. Nj. NJ. a. HARRADEN, Genes''
Agent. nug11dtaugis
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1898-08-11

The joint standing committees OF
Trinity. Maine. st. Omer and DeMday
Communicates Will meet at Waterrlle.
Friday evening, TO decide as TO the ad-
visibility of having q pilgrimage oftas
Upper Kennebec COMMANDERS, tins
season.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1898-08-11

County Commissioner Sewall Pettin-
sill Of Wayne. was in the city, on
business. Wednesday.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1898-08-11

A new two and a hat story frame
house with ell on Bangor street, with
modern improvements, arranged for two
families. Also two and a half story
frame building. with ell. and double house
lot on School street. nicely arranged
Both pieces Of property close to school
house, within five minutes walk Of depot
and business street. Both will be sold
cheap for cash or on easy terms II pur-
chaser SO desires. Apply to Thomas J
Lynch. novlD.6n
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1898-08-11
Special Advertisements.

Small advertisements not exceeding
four lines Chirty words) coming under
the head of WANTED. FOR SALn, TO
LET. LOST. &c, will be inserted two
times for Is cents, three times for 30
cents and one week for 80 cents, AID
VANCE PAYMENT. In sending by mali
remittance of postage stamps or postal
note should be made with order. as the
charges are too small to open accounts
for.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1898-08-11

The unfermented grape juice harms
no one and is very heathful drink.
j. L. Fuller has received a full stock OF
the best. His list CT summer drinks is
very complete
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1898-08-11

In response to repeated requests Rev.
Pleasant Hunter has conseated to
preach again next Sunday in the Con.
greGa;ional church.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1898-08-11

The morning train. Wednesday was
we'll filled with the veterans who were
gcing to Bath to attend the reunion Of
the Cd Maine Regiment.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1898-08-11

Charles Bilodeau, accompanied by his
brother. Frank. of Bangor. went on
Orchard for a brief visit.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1898-08-11

Are you seeking a home in the choicest
and healthiest locality in Augusta? If so
| have just the place on Western avenue.
twenty minutes walk from State street:
a line six room cottage. large stable. two
acres fine garden land abundance az wa
ter. Price 1920: $500 cash. balance on
time. Inquire of Jas. l. Bailey, Western
Avenue. Augusta, Me. june22 s&wkytf
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1898-08-11

The camp bed and chair A. D. Ward
is introducing is not only q decided
novelty but awfully practical and
comfortable.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1898-08-11
Chicago Produce Market.

Chicago, Aug. 10.
The leading futures closed as follows:
WHEAT-August, 50; September, 65A
December 64asM64I2; May, 66l2
CORN-August, 32a4; September. $3.50
327s: December. 5Sls; May. 1885,
ATS-September, 20s4; May. 2S@s.
PORK-september, ss.l112; October,
salty.
LARD-september, s5371a; October s., 40
RIBS-September, s5.S2l4; October,
s.. 321a.
Cash quotations closed as follows:
FLOUR-Steady.
WHEAT-No. 5 spring, 7od72; No. red
74475
CORN-No. ,, S$A No. . yellow, 3S@ "A
OATS-No. . 22l: No. white, 27m2s 3;
No. 3 white. 25hM21.
RYE-No. ?. Az.
BARIEY-No. ?, 36M4.
FIAXSEED-No. !. 50.
TIMOTHY SEE,D-$251ia.
LARD-s5. 25M 80.
PORK-Mess. $9.lN0915; ribs s5.2Oa5. TO-
shoulders. 49sM47s; clear sides, $565M5.75.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1898-08-11

John Withee returned, Wednesday
from Good Will Farm, where he has
| been attending the exercises
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1898-08-11

A. v Narston of East pittston pin
-. -. ing the
'''N e'F'e' FraS-
city, yesterday. ddinx
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1898-08-11
MISCELLANEOUS.

Miss NJ f., Sheehan. 50 Court street. is
prepared to call at homes to do first
class work in shampoong, manicuring
pedicuring and chiropody. aug, 6d2mo
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1898-08-11

NORTH LAKE VIEW HOUSE, TOgus
lake, five miles east Pettengill's Corner.
Board. lodgings, boats. horse feed. &c:
Accommodations for large parties and
picnics. Two camps to let. Good fishing.
w. e. Barrows. Prop aus5, dino
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1898-08-11

i. r. Burrill of Weeks Nils, was In
the city on business. Wednesday.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1898-08-11

UtS-
Hon. Joseph o. Smith of Skswho one
was in the city a short time, Tg. He
day. 10 IRE
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1898-08-11

SUGAR-Raw, strong. with gocd de-
mand at advance; fair refining, Ss4; cen
trifugal sc test Az.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1898-08-11

Daniel Haskell of Weess' Mills.
passed the day in the city. Wdnesd
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1898-08-11

A number OF desirable residences In Au-
gusta. Maine. varying in prices from f450
to $500: also several 10 TO Is acre places
in the suburbs o. this city; one two-story
house and lot In Lewiston Maine. A
number of farms in kennebec county, va
rylng in price from $1,000 10 5000. Houses
and tenements to let, f. w. Whitehouse,
Attorney. Augusta, Ne. jant diff
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1898-08-11

NJ. s. Campbell went Is Boston on
the boat. yesterday.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1898-08-11

Charles Tobey of Cross Ha, was ons
Of Wednesdays visitors to tie city.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1898-08-11

BARGAINS-One new hand made light
open Bangor punt buggy. one light piano
box open wagon. used one season, one
new panelled top express wagon. hand
made, must be sold soon to get them out
of the way. E. G. Storer, Is Grove St,
augusta. apr4.dtf
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1898-08-11

The Captain Chapman farm situate In
Augusta on the Coombs Mills road, two
miles from Kennebec bridge. Over 1o0
acres Of land: buildings In fine order.
Eight hundred dollars spent on buildings
alone within the last two years. Apply
to Lendall Titcomb. Augusta, Me.
may6.dtf
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1898-08-11

Mrs Antonio H. Sawyer, contralto. will
be in Waterville during July and August.
ceive a limited : lmber of pupils In voice
culture If class in Augusta or other
nearby cities should be formed one day
in week could be devoleu to 1t. For
terms and particulars address, Mrs. An
tonia II. Sawyer, S22 7th Avenue, New
York. aprZ,dt
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1898-08-11

A bargain; Having purchased a large
lot of first-class habbet metal, | can sell
in lots of 20 lbs. at ~ cts. or loo lbs OF
more at 10 cents per pound. +. I. Clark
machnist, Augusta. mayS. DIFF
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1898-08-11

Lot;ie s. Stafford will co.~mence ns'
annual sale at cost. Tuesday. july -
and continue until Sept .mhe ~
tues. thurtssat. aus2, cod to sept
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1898-08-11

House and stable on the Togus road. 81.
miles from Augusta bridge. Buildings in
first class condition. Both we'll and city
water. For particulars write Pope Gibbs.
Togus. or inquire on the premises
julyi3atf
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1898-08-11
FOUND.

Small purse, on Western avenue, con
tanning money. Owner may have same bA
calling at Journal office, proving property
and paying for ad. auglld2t
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1898-08-11

| F. w. Spencer, No. Is Winthrop street,
will loan money on any kind Of personal
property. may4dtt
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1898-08-11

The Atlantic house at Ocean Point is
open for the summer. Excursionists will
find good chance to procure good din
ner for so cents. c. f. Hoxie. jly2dtf
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1898-08-11

MADAM BRANN- Clairvoyant, is at 4.
Gage street, Augusta, Me. oct25.dtf
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1898-08-11
LOST.

Gold stick pin, shape of heart, with
enameled violet inside; small diamond OF
violet. Lost on State street between
Congregational church and Glover Bitters
factory. Return to Journal office and re-
ceive reward. augSdlwe
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1898-08-11

Red oak PLANK one and one-half to five
inches thick. II. II. Harvey. 1902 Bangor
street. July16, dlmo%
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1898-08-11
New Advertisements TO-DAY.
Local Matters.
A Weatkr Jingle.

Weatber's glttin' hotter;
You hear the growers groans:
Time is comm when he'll want
TO set roun in his Zones,
Fer though the weathr burns the rose
TO red. IN ever spot
The only thing fel'erknowe
Is that it's sizzin' hot
But the peach IS takin' solor.
The melon shows the gripe, Z
An IN the cool fence conner
It's gittin' roun' an r3e. =.
-Atlana Constitution.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1898-08-11

Dance in Wilson hall. Hallowell, to-
night
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1898-08-11

Band dating stamps with initials or
luli name and address for cancelling the
new revenue stamps as required by law
only % cents each. G. w. Fletcher. "a
chapel street Augusta, Me.
diff
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1898-08-11

City government meelng this even.
ing.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1898-08-11

House and lot at IL East Chestnut
street, opposite st. Latharine's hall In
quire or address George W. Hamlin. Au-
susta july2S d2mos+
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1898-08-11
FoR SALE

A second hand lawn mower and sprink.
Ter. Also several garden tools all in
good condltion. Isabel Percival Gould
Bangor ST.. East Side. aug5,d1W*
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1898-08-11
TO LET.

Furnished rooms 10 let at Is Gage
street. Prices 10 cents and 81 per week.
aug2d1w"
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1898-08-11
MEM

CONSULT THE OLDEST, LARGEST
AND MOST SUCCESSFUL MEDICAL
INSTITUTION IN THE WORLD
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1898-08-11
WANTED.

Small house or tenement, six to eight
rooms. Address, stating terms and loca-
ton, BOX 49, Augusta. augllGtf
Phillipsburg herald. [volume] (Phillipsburg, Kan.) 1882-1905, 1898-07-21

large sums of money designated as
Ordinary deposits" and that on "term
deposits" they allow the depositor a
very small part of the interest they
get out of the borrowing class for the
same identical cash, It is proper to
remark here that the deposits in the
bank usually exceed the sum loaned
out-that is, the bank does not loan
quite up to the full amount deposited.
OF course, the bank incurs an indebt-
0dness to the depositors equal to the
amount deposited. The depositing
and redepositing doubles up in nearly
the same ratio as the loaning and re-
loaning. The present debt Of the
banks to the depositors is so large
that its cancellation is very problem
atical indeed, for how can the banks
enforce the collection of debts exceed
ing four times all the money in cir
culatlon, and how can the depositors
expect the banks to pay them a sum
more than four-fold greater than all
the money in circulation in the state?
The profit mede by the banks comes
through the low rate of interest, or no
interest at all, allowed the depositor,
while the bank handles the same
money so many times during the year
that so long as times are good and
the people have confidence" banking
is about the most profitable business
people can engage in. The banker
does not use any of his own money in
loaning, for the compensation he re-
csives for his labor enables him to
amass a fortune in a few years pro-
vlding no panic overtakes him; but
even when calamity does come his
private fortune is generally made
secure to him by methods he under.
stands, while the losf falls on the
depositor. And yet profitable as the
business is it has it has its drawbacks
and discoursgements. IL the banker
is honest land many of them are), he
must always be uneasy. The system
works smoothly only when the public
has confidence in the banks stability,
and where deposits continue to flow
in. Banking being very profitable,
the baker takes great risks. Things
go on gloriously when times are good;
the banker makes hay while the sun
shines, for he more than any living
person knows the precsriousness of
his business. He knows that every
thing depends upon confidence" and
continued deposits. When either one
ceases then calamity comes. Then
the pendulum begins to swing back.
wardi money becomes congested in
the banks; hence is withdrawn from
general circulation; available security
becomes lessened; business lsgs; hard
times set in; new deposltors begin to
fall off, and old depositors want their
money and commence Withdrawing it
from the bank; then some hint gains
currency that the bank "cannot real.
ize on its securities;" that it is en-
barassed; run" is started, and the
bubble bursts; mortgages are fore
closed, the property of the borrower
is sacrificed, and he is beggared; the
bank closes its doore, the depositors
are ruined, and the banker himself is
often wrecked in morals il not in
fortune. The entire banking system,
Phillipsburg herald. [volume] (Phillipsburg, Kan.) 1882-1905, 1898-07-21
FACTS CONCERNING BANKS.

The following from the Ne1U Time
was written by Hon. II. A. Dsgue, at
one time editor of this paper While
we do not endorse the article in full,
we reproduce it as Mr.. Dsgue has
many friends who will enjoy reading
once more something from his pen:
THE fifty-seven savings banks of
California are now reaping annually
harvest Of s per cent. interest on a
sum equal to nearly four times the
whole amount of money in circulation
IN the state, The objections made to
the California system can be urged
with equal force against the practice
of banks in all the states Of the Union.
/ shall now present the proof to estab-
lish the truthfulness OF this assertion.
According to United States Treas
Reports there is in circulation in this
country $21 per capita. Now, as the
population Of California is 1850, 1000,
that would give us in this state twen-
ty:sight millions of dollars of money
of all kinds,
There are ffty-seven savings banks
in the state, in which last year 1907
600 persons deposited their money.
The figures given below are copied
from a tabular statement is issued by
the State Bank Commissioners, made
up by that official body from written
reports made to them by the banks.
This printed report can be obtained
at the Office of the bank commission
ers at $50 California street, San Fran
CISCO, COL, and my statements herein
verified.
On March 2, 1896, the indebtedness
Of the people to the fifty.seven Cali
fornla savings banks were as follows:
Due the banks secured by mort.
gage on real estate $50. .... .S1U2 99l, 1915 o.
Due the banks on loans on stocks
bonds ana warrants. ."........ 1884, 4S7 80
Due the banks on other securities l3l, 4S5 46
Due the banks on personal prop
erty.''.'..' ........,..,.,, 1,1l412S 30
Total,.."........." ......S11l, 69l,9 s7 50
Now, gong to the next year, ending
Feb. q, 1897, the commissioners re-
port as follows:
Loans secured by mortgages on
Loans on stocks, bonds and war
ranJs........ ....,........., 2,S32, d49 0S
Leans on other securities. ....... 381, 64l 30
Loans on personal security 800. 784,859 96
Total. .'.,.,,..,..........., Sl0S,6 1856 So
\ The reader might infer from the
above statement that the borrowers
had, during the twelve months pre-
ceeding February q, 1898, Voluntarily
paid off about 100000 of their debts
due the banks, but such an inference
would not be correct. It is true that
the debts were reduced about that
amount, not by the borrower paying
the obligations, but by the foreclosure
Of the mortgage by the banks. The
records show this, and the further
fact is apparent that the borrowers
suffered losses of hundreds of thous.
snds of dollars by reason of the en-
forced sale of securities, the loss sus-
tanned by them being often as great
as so per cent. This same bank COM
missioners' report, from which 1 quote,
gives the name of one San Francisco
bank which alone foreclosed mort
cages in 1896 to the amount of ST.
39l,595. Several other banks fore
DcNpsed smaller amounts, with proper
tlfnal losses to the borrowers. Now
Phillipsburg herald. [volume] (Phillipsburg, Kan.) 1882-1905, 1898-07-21

these tifty-seven savings banks hold
mortgages against the people to the
amount of over one hundred millions,
and this vast sum of money is earning
them s to 10 per cent. interest per
annum, or not less than 80 per cent
on sum equal to all the money in
circulation in the state. The banking
system is so adroitly planned that
this rich harvest of interest pouring
into the bankers Golfers is not the
earnings of the bankers capital but
money belonging wholly to depos-
ltors.
Let me illustrate how savings banks
are started, and how they work moi
in California but elsewhere. John
Smith decides to start bank. The
people begin depositing with him,
and he agrees if they will entrust him
with their money for several months
he will allow them small interest
when they withdraw it from the bank
Usually he allows them no int crest il
the money ID not left q specified time
he thus gets the free use of large
amounts of cash. After the deposits
have accumulated to a sufficiently
large amount the bank begins to make
loane. Farmer "A" comes in and
borrows for a year or longer 500 at
say per cent. interest per snnum,
and gives a mortgage on his farm or
other good security. He very soon
puts the money in circulation by pay
ing it out to his employees, to the mer-
chant and to other parties. In a few
weeks third or half of that same
500 goes back to the bank in the way
of deposits. Farmer "B" comes in,
borrows 500 or more, and gives a
mortgage on his farm at s per cent.
interest, and he too, soon puts it in
circulation. Farmer 20" and Mr.. cd"
and scores of others come in in due
time, borrow and give mortgages.
Each borrower gets some of the same
identical MONEY the bank loaned to
"A" and "B" and 20" and 3D." and,
all previous borrowers, all Of whom
are paying interest on it, and thus the
loaniDg and depositing, reloaning and
redepositlDg goes on and Oh. Every
time loan 10 made some of the dol
lars given the borrower are the same
the banker has loaned one, two, three,
four or more times before, and to &c.
cure which he holds, perhaps, doz-
en- different mortgages on that many
different men. Such dollars are
earning the bank s per cent from "A, {"
the same from 3D." the same from
"C," and so on, thus bringing the
bank not less than 8 per cent. interest
on the entire amount OF money loaned,
16 per cent on a part loaned and "a,
80 and even so per cent. on other
portions OF the money let out. The
oftener the money is handled the
bigger are the profits, Of course. Now,
the beauty of this system from the
bankers standpoint consists in the
fact that he so guages his loans as to
tally with the amounts of his deposits,
80 that the money he loans out does
not belong to him, but to the depositor
always. OF course, the banks pay
some of the earnings to the depositor
but thorough sitting to the bottom
shows that they get The free use Of
Phillipsburg herald. [volume] (Phillipsburg, Kan.) 1882-1905, 1898-07-21
Small RhotOs cheap.

We have a machine that makes rotr
OF little pictures cheap. From 4 to-
28 tor 500. Com. & LcCKz.