davidaulloa/AmericanStories huggingface dataset:
The Worcester spy. [volume] (Worcester, Mass.) 1898-1904, 1899-09-02
MARKET is DULL,
Early Strength, But
Weakness Toward
the Close.
CENTRAL'S ANNUAL REPORT.
Boston Market Quiet and
Featureless-
Notes.
CENTRAL'S ANNUAL REPORT.

Prices Of railroads, as a. rule, showed
gains at the opening yesterday, but not
UP to the London parity, and there
were a few losses.
The only large changes were in the
specialties, Consolidated Gas rising "a
and Continental Tobacco preferred 1ss.
Operations in the prominent railway
shares were small and fluctuations
scarcely exceeded Il either way. Chi
cago & Eastern Illinois crossed par and
came back below yesterdays close.
Chicago Terminal preferred, st. Paul &
Duluth and international PAPER reced-
ed sharply. Tennessee Coal, which has
been neglected recently, rose 2 points
Persistent weakness. OF the Tobacco
eventually affected the other special
ties, Brooklyn Transit and Sugar fall
ing easily. Northwestern advanced 8
and Omaha points, and caused a more
general demand for railroads at slight
" improved prices. American Tobacco
recovered its earlier loss, and some
striking improvements occurred in I'M
important stocks. Omaha and North
western lost a large portion of their ad-
vance and the market became dull ear
~ in the afternoon, with prices inclined
to sag all around.
The local copper share market yes
terday morning showed a greater pres
sure to sell stocks than IT has for some
time. Loaning rates were easier and re-
fected a larger short interest, but the
market was narrow. There was con-
centrated selling Of Cochiti, which de-
cllned ~ to 17%, with point recovery.
Pioneer advanced " to 3D. A director
hoe,
the mine superintendent of a. very en-
couraging nature, indicating that the
lost vein has been found, which was
quite contrary to what another official
said. Even IL new rich ore bodies are
uncovered in the mine, the question of
working capital soon must be consid-
cred by the management and steps TAX
en- to replenish the treasury, until such
discoveries are made available for ex-
traction. Some time ago it was report
ed thai an increase in the capital stock
was under consideration, and that it
would be offered to stockholders at a
ngnre which would be an inducement
for increasing their present Investment.
This plan, however, probably will not
De adopted unless the outlook actually
warrants the further expenditure of
capital in exploration or development.
Atlantic gained q to 801s. Bell Tele-
phone lost 2 to $50, recovering to s61.
New England Telephone was UP 2 to
152. Trf-Mountain gained q to 11%
West End Street sold at 95A, and Bos-
ton & Lowell at PAS. Boston & Albany
was off. at 264, no significance attach
ing 10 the decline, except absence of
buying orders.
The following quotations were made
on the Boston exchange yesterday On
stocks heldnn Worcester and vicinity
BOSTON STOCKS.
(Reported by Kinnicutt & DeWitt.)
The Worcester spy. [volume] (Worcester, Mass.) 1898-1904, 1899-09-02
TREASURY STATEMENT.

Washington, Sept. 1.-Todays statement
Of the treasury shows the following
changes: Available cash balance, S27a ;
S 80 gold reserve, SPAS, 757971 net silver
50. 766, 40; United States notes in trea SIR,
~, SSO,595; treasury notes of 1890 s64s, g4S
total receipts this day, 81, 495, OTIS; total re-,
eeipts this month, 81, 495, O75; total receipts
tth his year. IVY 52l COS; total expenditures
TINS day " 10000 total expenditures this
year SOB. 794 402; deposits in national
banks, SSOO51, 454 silver bullion, s.. 014. 81.
The Worcester spy. [volume] (Worcester, Mass.) 1898-1904, 1899-09-02
THE MONEY MARKET

New York, Sept Money on call
St STEADY 0 Sa8h, last loan at 81 prime mer
s stand' paper caAq5; sterling exchange
for SO days; posted rates, 4.@ and 4'SGi1e
commercial bills. 4s2; silver certifica tes
5Iss%@60; bar silver, 50; Mexican dollars
AZ; government bonds sfead,- Vilei .
The Worcester spy. [volume] (Worcester, Mass.) 1898-1904, 1899-09-02
GOING TO PITTsBURG.

If you are going to Pittsburg vo,,
should travel via the Lake Shore and
Michigan Southern railway. An excellent
train is the Southwestern Limited which
leaves Buffalo. at II 80 D. M, arriving at
Pittsburg early the next morning A
through sleeping car is attached and
passengers can thus be sure of a good
nights rest without annoyance and loss
OF time The sleeper is open for occu
pancy IN Buffalo depot at $50 y. m.
The Worcester spy. [volume] (Worcester, Mass.) 1898-1904, 1899-09-02
THE COTTON MARRIED

New York, Sept. 1.-Cotton futures
closed steady, Sept, 500; Oct, 6. ss; Nov
5sS; Dec. 5.9S; Jan. Coz Feb, 6. OF:
March, GIL; April, 6.14i May, els; June
The Worcester spy. [volume] (Worcester, Mass.) 1898-1904, 1899-09-02
FINANCIAL AND COMMERCIAL.

stocks. Total sales, par value, 81, $50. GOO
United States government bonds We're
unchanged.
The Conservative, 1899-12-28

contained shall exempt any bank or
banker from the payment of the special
tax mentioned in an act entitled can
act to provide ways and to meet
war expenditures, and for other pur-
poses" Approved June 10, 1898. One
half the amount SO received by said
treasurer shall be by him kept as a trust
fund for the payment of depositors of
insolvent national banking associations.
Whenever in the opinion of said treas
urer the amount of such trust fund in
his hands is more than sufficient to meet
the demands liable to be made thereon
in payment of the claims of %depositors
of such insolvent associations, he shall
invest the surplus in United States
bonds and the interest accruing on such
bonds shall be added to such trust fund
and become a part thereof. Said treas
urer may, whenever in his Judgment it
is necessary to increase the amount Of
cash in said fund for the purpose of
paying such depositors, sell at not less
than par and not less than the market
value thereof, any of the bonds in which
said trust fund has been invested.
Sec. 2. That section 1896 Of the re-
vised statutes of the United States be
and the same is hereby amended so as
to read as follows:
Sec. 5235. The comptroller shall, upon
appointing a receiver, cause notice to be
given, by advertising in such news
papers as he may direct, for three con-
secutive months, calling on all persons
who have claims against such associa-
tions to present the same and make legal
proof thereof. AS fast as the claims of
the depositors in such associations are
established by legal proof to the salts
faction of the comptroller, he shall issue
or his legal representative upon the
treasurer of the United States for the
amount which shall be due such de-
positor as established by such proof and
shall transmit such warrants as fast as
they are issued to the treasurer who
shall forthwith pay to each depositor or
his legal representative out of the trust
fund mentioned in section 5214 the
amount so found to be due and mentioned
in said warrant. Any dividend which,
but for the passage of this act, would
have been payable to a depositor of such
association, shall be by the comptroller
of the currency paid to the treasurer of
the United States, and shall be by him
paid into and applied in reimbursing
said fund for the amount paid therefrom
to the depositors of such associations.
Sec. 8. That section 1896 of the re-
vised statutes of the United States be
and the same is hereby amended so as
to read as follows:
Sec. 1896. From time to time after
The Conservative, 1899-12-28
TO SECURE BANK DEPOSITS.
Part of Tax on National Banks Can BE Set
Aside to Create n Guarantee Fund-The
Amount Probably Needed.

in the enactment Of a law which will
tend to the security of the deposit. 1
have prepared and enclose herewith, a
bill for an amendatory act which has
for its object absolute security to deposit
tors without additional expense to the
banks. If you a devote the space 1
request that you publish this bill and
invite comment thereon. Briefly stated,
it's important features are these: The
tax now paid by national banks upon
circulation aggregates something more
than two million dollars per annum.
1t is proposed that one.half this tax
shall be retained by the treasurer as a
trust fund for the payment of depositors
in the insolvent national banks. 1t is
estimated that, at the expiration of ten
years, the fund will amount to at least
ten million dollars, making due allow
ance for the demands that will be made
upon it during that period. At the ex-
piration of ten years the tax upon
circulation is to be reduced one-half and
the income of the trust fund will be re-
duced at the same rate exclusive of the
interest from bonds in which the sur
plus of the fund may be invested.
Since the adoption Of the present bank
ing system the total loss to depositors in
national banks has been less than six
teen million dollars. In view of this
fact it is believed that ne-half the taxes
now collected on circulation will be
amply sufficient to create the necessary
fund and one-half the amount collected
after the tax is reduced with interest on
bonds in which the fund may be invested
will be sufficient to maintain it.. The
result of this legislation will be that
depositors will be absolutely safe and
have implicit confidence in the banks
based upon the fact that in case of a
failure they will get their money in full
without waiting until the affairs of the
bank are settled. 1t has been urged
that if this measure becomes a law some
banks will offer unwarranted induce
ments in the way of interest on de-
posts to secure business, and as all
banks will be equally safe, depositors
will ~patronize the institution which pays
the highest rate of interest on deposits.
This objection is met by the section of
the bill which prohibits the payment of
more than 2 per cent per mum on
deposits.
The government has provided a bank
ing system aud yet it will not patronize
the banks organized under national
laws by the deposit of money therein
unless the banks put up government
bonds to cur the government deposit.
BY this bill it is proposed to place all de.
positors with reference to these banks
in a position equally as good as that
The Conservative, 1899-12-28
Che Conservative.

be urged that national banks have
creditors other than depositors and this
bill makes no provision for securing
them, but prefers one class of creditors.
Such preference is intended. The
government, by existing law, prefers and
secures some creditors of national banks
to the exclusion of others. The person
who holds national bank notes does not
hold money, but promises-to pay money,
signed in the language of the national
banking act, Gin such as to
make them obligatory promissory notes,
payable on demand" at the bank issu-
ing them. These notes may be protest.
ed for non-payment as notes issued by
individuals and Endorsed may be. A
holder of these notes is a secured and
preferred creditor of the bank issuing
them. Primarily the security is govern
ment bonds deposited with the treasurer
of the United States. If the bank fails
to pay it's notes the bonds may be sold
and the proceeds applied in paying
them but if upon a sale the bonds do
not bring enough to pay the notes then
the government pays them and has a
paramount lien upon all the assets of
the bank and the deficiency must be
made good to the government out of
the assets of the insolvent bank in
preference to the claim of any deposi-
tor any claim whatever except costs
and expenses. Aside from depositors
and note-holders the most numerous
creditors of a national bank are those
who purchase it's commercial paper.
These creditors ordinarily may look to
the bank which indorses the paper and
also the maker of it for payment.
With the depositor the case is different.
He can look only to the bank if it fails
to pay he must suffer loss. 1t is to pre-
vent this loss and to increase not only
deposits, but confidence in banks that
the proposed legislation is urged.
CHAs. o. WHEDoN.
The Bill.
A bill for an act to amend sections
5214, 1895 and 5236 of the revised statutes
of the United States and for other
purposes.
Be it enacted by the senate and house
of representatives of the United States
of America in congress assembled:
Section 1. That section 1914 of the
revised statutes of the United States be
and the same is hereby amended so as
to read as follows:
Sec. 5214. In lieu of all existing taxes,
every association shall pay to the treas
urer of the United States in the months
of January and July, a duty of one-half
of one per cent each half year upon the
average amount of it's notes in circula-
ton. Provided, that after the first day
Daily new dominion. [volume] (Morgantown, W. Va.) 1897-1906, 1899-04-06
LEGAL MENTION.

EVERYONE reads the Daily and II
you have any want that you would
like everyone to know about small
ad in this paper will bring the desired
result. 1t costs but little and the
results are big.
The West Virginia Herald Co., hal
sued attorney general Rucker for fifty
cents which they claim is due on sub.
scription and which he refuses to pay
GET your razors hened at Adam
Bowers barber shop.
MEMS good shoes in light or heavy
weight for $1.00 at Waters shoe store
LARGEST line of neckwear in town
at Whittington's.
S. v. THodPsoN7s restaurant is
the place in town to eat. Oysters
served in every style.
DoN'T neglect to see Hirschman's
line of Carpets, Mattings, & Oil
Cloth before buying.
TIE Imperial Shoe the most stylish
shoe in America. Used and sold in all
parts of the World At Whiting
tons
ARKANSAS is dealing heroically
with the cigarette question, the
house Of representatives having
passed bill prohibiting the manu-
facture, importation, sale or giving
away Of cigarettes or cigarette pa
nor tn any Harcof1 whom conyar adm +
or minor, under penalty of not less
than $4,000.
LADIES house slippers fifty cents
at Waters shoe store.
Fox fancy Vests and Summer out
inc fannels for snitings. See
WHITTINGToN'
THE best dinner for the money to
be had at S, Y. Thompson's restaurant
Daily new dominion. [volume] (Morgantown, W. Va.) 1897-1906, 1899-04-06
THE BALTIMORE WEEKLY Sun.


The Weekly Sun publishes all the news Of each
week, giving complete accounts of all events of in
terest throughout the world. The Weekly Sun is
unsurpassed as an
AGRICULTURAL. PAPER
1t IS edited by writers of practical experience, who
know what farming means and what farmers want
in agricultural journal 1t contains regular re-
ports Of the work of the Agricultural Experiment
Stations throughout the country, of the proceed
ings of farmers clubs and institutes and the discus
sion of new methods and ideas of agriculture. Its
Market Reports, Poultry Department and Vet
Urinary columns particularly valuable to coun-
try readers. The Poultry Department is edited by
a well-known poultry expert every issue contains
practical information of value for poulryraisers.
Poultry many farms has become great source
of revenue, and those interested in this profitable
industry will find the Poultry Department of the
Weekly Sun invaluable in the way of suggestions,
advice and information Every issue contains
Stories, Poems, Household and Puzzle Depart
ments variety OF interesting and instructive Sc
Iected matter and other features, which make it 4
welcome visitor in city and country homes alike.
One Dollar year. Inducements to getters-up
of clubs for the Weekly Sun. Both the Daily and
Weekly Sun mailed free of postage in the United
States, Canada and Mexico. Payments invariably
in advance. Address
A. S, ABELL COMPANY,
Publishers and Proprietors
BALTIMORE, MD.
Daily new dominion. [volume] (Morgantown, W. Va.) 1897-1906, 1899-04-06

LIGHTNING struck a flowing gas
well in the Jacksonville field few
days ago and ignited the gas. At
Weston, eighteen miles away, says the
Independent, one may see the light on
any night and the roar from the burn
ing is plainly heard ten and twelve
miles. We are told there are pools of
oil about the well which are on fire
and it is impossible to get to the flames
to extinguish them or to stop the flow
of gas. Residents of West Milford,
four or five miles away, say that the
blaze Eliminates that little town SO
that it is possible to read a paper any
where on the street.
If you want stylish and dressy
Shoe, buy Queen Quality at Hirsch-
mans.
A. +. NETTLEToN 5 shoes are the
best in the world at Wilmington s.
SOON the people OF the raral dis
tricts as well as Of the small towns
will have the annual tramp nuisance
to contend with, for 1T is announced
/ that the nomads are already moving
out OF the cities, where they have
spent the winter, and are starting
upon their tour. An extra lock
on the refrigerator, screens on the
cellar windows and more secure
fastening to the cellar door will be
found serviceable in circumyenting
their operations. Generally the an
noyance and inconvenience are of
more account than the money value
of the articles stolen, and house
keepers who would avoid these
should keep their provisions out of
the reach Of the fellows, who evil
IDENTIFY go on the principle that the
world owes them living and they
are going to get it wherever they
can.
Daily new dominion. [volume] (Morgantown, W. Va.) 1897-1906, 1899-04-06
A Grent Invention

Wireless biography Is fact. A
message Of one hundred words was re-
Gently dispatched from France across
the British channel and printed in a
London newspaper. The inventor is
now figuring on sending messages
across the Atlantic ocean without ca
bles. Fifty years from now 1t is pro-
bable that the inhabitants OF Earth
and Mars will be telegraphing to each
other. There is nothing impossible
about scheme of that kind.
Daily new dominion. [volume] (Morgantown, W. Va.) 1897-1906, 1899-04-06
POST EMS.

A SUBSCRIPTION to this paper will
cost you only ten cents week and you
will be told of every happening of in
terest in the town, county and state
every night at supper.
Our want Ads are what bring the
results. A few lines inserted in this
paper will in a few days deluges you
with applicants for what you want to
sell or rent.
Daily new dominion. [volume] (Morgantown, W. Va.) 1897-1906, 1899-04-06
Notice.

Ladies or gentlemen can secure
boarding for $3.50 and rooms from
rs to 81 % per week. Bath room ac-
comodations. Apply to Mrs. S. E.
Jones, Wiles street. North end o.
Spruce.
Daily new dominion. [volume] (Morgantown, W. Va.) 1897-1906, 1899-04-06
Notice.

All persons knowing themselves in
debted to'the old firm of Waters and
Wilmington will please settle at once
or their accounts will be put out for
collection. j. M. WATERS,
VIM. WHITING TON.
Daily new dominion. [volume] (Morgantown, W. Va.) 1897-1906, 1899-04-06
WHEELING INTELLIGENCER
West Virginia's Leadiag Fami-
Nv and Political Newspaper.....

In the forty-seventh year OF its life the Intelli-
gencer is stronger than in the nearly hafcen-
fury during which it has visited the homes of the
State. The year 1899 will begin a epoch in
the history Of America. The developments Of the
Spanish American war, and the politics, for
eign and domestic, thereby made necessary, will
have momentous bearing the destiny of the
Nation. 1t will be the greatest history making
period since the days of 6f-65. The debates in
Congress over the Peace Treaty Win Spain will DE
exciting and historic.
A United States Senator is to be chosen, and in
this respect and others the session of the State
Legislature will be eventfu and interesting The
Intelligencer gives all the news-State, National
and Foreign
Daily new dominion. [volume] (Morgantown, W. Va.) 1897-1906, 1899-04-06
For Sale.

A good Fertilizer for lawns, gar
dens or flowers, in large or small
packages at Hite's ware room.
Daily new dominion. [volume] (Morgantown, W. Va.) 1897-1906, 1899-04-06

FINEST line Of Custom Tailoring,
Samples to be seen at
Whittington's.
Daily new dominion. [volume] (Morgantown, W. Va.) 1897-1906, 1899-04-06

COME and see the most dressy
shapes-Nettleton Shoes-at
WELLINGTON S.
Daily new dominion. [volume] (Morgantown, W. Va.) 1897-1906, 1899-04-06
For One Dollar.
II Pieces Of Kitchen Assortment all
for One Dollar. Read the List.

No. 7 Wash Basin.
| at. Dairy Pan.
at. Pudding Pan.
3 9.inch Pie Plates
Refined Sauce Pan.
| 10-inch Colander.
/ 6 Cup Patent Deep Muffin Pan.
Okla Iron Stove Pan.
loot. Dish Kettle.
Il at. re-tinned Raising Pan.
Spice Scoop.
Large Dust Pan.
l Box Crater.
| Pint Dipper.
/ Handle Gravey Strainer.
Soup Ladle.
| Pint Cup.
/ Pint Funnel.
| Japanned Pepper Box.
| .Japanned Flour Dredge
| 3-inch Biscust Cutter.
3-inch Doughnut Cutter.
? qt. Coffee Boiler.
/ Twin Match Safe.
| Jewel Comb Case.
All the above articles for One Dol
lar at
Daily new dominion. [volume] (Morgantown, W. Va.) 1897-1906, 1899-04-06
1899. THE sun. 1899.
BALTIMORE. MD.
The Paper Of the People,
For the People and With the People.
Honest in Motive,
1899.
Fearless in Expression

Fearless in Expression,
soundi Principle,
answering in It's Allegiance to Right Theories
and Right Practices.
The Sun publishes all the news all the time, but
1t does not allow its columns to be degraded by IN
clean, immoral or purely sensational matter.
Editorialy the Sun is the consistent and I'm
changing champion and defender Of popular rights
and interests against political machinery and mo-
nopolies OF every character. Independent in all
things, extreme in none 1t is for good laws, goos.
government and good order.
By mail Fifty Cents.sa.. month. Six Dollals a
year.
Daily new dominion. [volume] (Morgantown, W. Va.) 1897-1906, 1899-04-06
Lowest in Price
Highest in Quality.

TIE product of twenty years sue
cessful experience offered to the
public for Forty Dollars. No bet
ter wheel is before the public,
Fully guaranteed in every partic-
ular. 1t is the highest of high
grade wheels. Send for artistic
catalogue.
have ridden one and will guar
antee it to satisfy the most exact
ing and further agree to make
every purchaser feel that he has
gotten his moneys worth. Come
in and talk wheel some day.
JUSTIN NJ. KUNKLE.
Agent.
Daily new dominion. [volume] (Morgantown, W. Va.) 1897-1906, 1899-04-06
For Rent.

Three roomed flat in the Miller
building Main street. Inquire of j
r. Miller.