davidaulloa/AmericanStories huggingface dataset:
The Mount Holly news. [volume] (Mount Holly, Burlington Co., N.J.) 1891-1942, 1899-05-02

Two-base hits, O'Brien, Leonard and Charl-
ton, Struck out, by Deianco 8, by Palmyra
10. Double plays, Leonard, Stecher, McDade;
Verga, Stecher and McDade. Base on balls, by
Delanco 7. Umpire, Demorest. Time of game,
2h. 10 m.
The Mount Holly news. [volume] (Mount Holly, Burlington Co., N.J.) 1891-1942, 1899-05-02
BEVERLY.

Earned runs, Burlington l, Beverly 2. Two
base hit, Fields. Left on bases, Burlington 5,
Beverly IS Struck out by Kitchener 9, by
McFetridge 2, by Randall 10. Bases on balls,
Burlington 4, Beverly 10. HIT by pitched balls,
Wills, McCallon. Wild pitch, Kitchener. I'm
pire, j. H. Day.
The Mount Holly news. [volume] (Mount Holly, Burlington Co., N.J.) 1891-1942, 1899-05-02
Board of Trade.

The annual meeting of the members of
the Mount Holly Board of Trade was held
at the Court House on Friday night, Pres
ident Merritt in the chair.
The report of the Board of Directors
was read and approved. 1t stated that
since the last annual meeting two new
industries have beer established in Mount
Holly-the Howard Hub Manufacturing
Co. and the Hall leather enameling factory.
The Allen shoe factory has been quite
steadily employed during the year, the
pay roll amounting during that time to
over $50, 900. This, in the estimation of
the directors, is a good industry for the
town, but much difficulty has been en-
countered in collecting the $500 rent from
the public. The directors asked that
some method be devised by the meeting to
raise the balance (about 5000 of the rent
due for the year ending March 10.
Last summer the Board rented the Holt
factory for three months for E. L. Prick
EFT & Co., at a cost of $37. so, in order that
the firm might conduct its ordinary bust
ness in connection with som government
work it had contracted for. Over twenty
extra hands were given employment dur
ing this period.
In conclusion the directors asked that
the public be as liberal as possible in MAX
ing contributions, as it is useless to en-
deavor to secure factories unless some in
ducements are offered.
The next report presented was that of
the treasurer, John B.. Davis, as follows:
The Mount Holly news. [volume] (Mount Holly, Burlington Co., N.J.) 1891-1942, 1899-05-02

T. While digging the trench on Friday fol-
the water main that is being laid on Gar.
den street, the men found a quantity oil
well preserved wood near Mount Holly
avenue. AT the same time they struck 9
spring, which necessitated the baling out
of a large quantity of water while the
work was going on. 1t has been learned
that the timber which was brought to the
surface is part of a bridge which many
years ago spanned a stream at that poinr
Land which flowed down Garden street
At that time the neighborhood was
meadow, and as the low lands were grad
ually filed in the bridge as it stood wa!
buried. There are many people in Noun
Holly who were not aware of the exis
tence of this bridge.
Edward Woodward, who has been liv
ing at New Lisbon, was buried on Thurs
day in the cemetery at Browns Mills
Deceased was a veteran of the civil war
and a firing squad from Gen. A. E. Shira
Post, No. 20, G. A. R., of Mount Holly
was present to pay the last tribute of re
spect to their comrade. W~oodward's frs
wife died twelve years ago. Two year
later Lille Dennis, many years his junior
appeared in the village. They fell il
love, married and lived happily until las
fall. AT this time a stranger called at tn
house. He was jolly, and said he ha'
passed through the Spanish America
war. He called himself James Paradine
He asked for a weeks lodging and stage,
much longer. One bright morning Wood
ward kissed his wife and baby good-b
and started off to the woods, where h
welded an axe all day. At dusk he re
turned home and found a note on tn
table, which told him that his wife ha
eloped with the strange. From that da
Woodward began to pine away. He los
interest in everything and died of a broke
heart.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1899-01-03

Concerning the tax Mr. Timber,ake
says: THE amount of the State TAX
on savings banks for the present year
is 1894 .01612, being an increase of ST.
153.sS from that paid in 1897. The pur-
chase of government bonds, the marked
advance in the values of securities
during the past six months. and shc
increase in the amount of investments
within the State, make the increase IN
amount of tax much less than it other
wise would have been. The savings
banks have also paid SIS, 1850 in NUM-
cipal taxes, making the total amount
of taxes paid during the year $412. 1852.
The State CT Maine has properly es-
tablished and endowed many inst.tu-
tons intended to promote the etuca-
tional, physical and material, welfare
OF our people. 1t has cheerfully giver
of the public FUNDS 10 support these in
situtions. that they may carry for
ward their good work Originally saw
ings banks, like these other institu-
tions, were everywhere granted special
privileges, and depositors given every
encouragement to accumulate their
savings therein. The indirect benefits
accrujng to the public We're then
deemed sufficient to warrant this poi
Icy. AS their accumulations grew larg
sr. and the-nseds for additional rev
enue increase sattention was natural
~ turned VHhese funds, and in some
states a portion Of the burdens of taxa
ton Placed upon them. In this State.
the amountsof receipts from this source
has Increased from year to year, unit,
now fheX have become its largest tax
payer. This fact-makes the question
of the rate of taxation of savings bank
deposits a question of vital importance
to the State.
THE financial coalition of the State
is such that it needs every dollar of
revenue it is possible to collect. No re-
duction in the rate of taxation can be
expected Upon any particular class of
property, unless it is paying more thau
its just portion. or it is thought to be
for the best inter ests of the State IN
the en-.
Results prove that it has been a
wise policy on the part of the State to
establish these institutions. and en-
courage he accumulation of deposits
therein. These deposits, made up prin-
oipally as they are Of the small savings
of those in moderate circumstances IT.
life, are today paying more than twice
as much in taxes as all other moneys
at interest. II it Were possible for
these Institutions TO Keep up the rate
of dividends. and at the same. time rex
eeivc deposits without hnit tion, the
income to the STATE therefF0n, al even
q much lower rate OF taxation than
now. would be MATERIALLY increased. On
the other hand, ifGepositors should be-
come dissatisfied with the rates of
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1899-01-03

| dividends and commence to w raw
| their funds, the amount of he-saNfngs
bank tax would be diminished withoui
| any corresponding increase in the rev.
enues of the State from otherasources
A large portion of these funds if with
drawn from savings banks would not
be found by municipal assessors for
taxation. An example of what might
again happen is found in the history
of these Institutions during the years
1903. During that period. on account
of existing conditions, the deposits
were reduced from $32.0S3. 314.2S to $50,
97S.13992, producing a CORES ondang
decrease in the amount of taxes re-
ceive by the State. An examination
of the assessors lists in the various
municipalities of the State for than
period. shows no increase in the amount
Of taxes paii upon money at interest.
This proves concllsively that the elev-
en- million dollars then UA&hdrawn
from savings banks was not after
wards found for taxation. A pf6por-
Tomato decrease in deposits ut the
present time would diminish the State
revenues about $4,000 annually. r'ar
these reasons, and on account of the
conditions we are forced to the con-
clusion thatathe interests of the STATE
apart from the interests of its people
who are depositors in savings banks
would be better served by some relief
from taxation upon this class of prop
erty. 80
Like an excise tax, this is not paid
Directly by those who ultimately bear
the burden. Many depositors do not
realize that they are. the ones who
really pay this tax q The state. 1t
cannot be expected, therefore, that they
VIII complain of the rate of taxation,
but rather that they will be dissatisfied
with the rates Of dividends paid. They
simply protest against the rates Of
taxation by -ceasing to patronize the
savings banks.
The State as a trustee is morally
responsible to the 1884, depcstors for
the proper management and safety of
their funds in our savings banks. More
than one-half of these depositors are
women and minor children Many of
the deposits have their history of toll,
patience and self-tienial In many IN
stances these small savings are all that
stand between the Gepositor and want.
The bank commissioner of New YORK,
in opposing the taxation of such del
posts. pertinegltly asks: While out of
the abundance Of the rich so little is
taken. shall the State wrest from the
poor q percentage Of the mite that u
their ALP .
DEPOSITS.
After reviewing the situation az
telling the laws. at present sir. Ti1
bessake says: II would, thereto
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1899-01-03
] SOUTH pAR1sM yiNes BANK.

October 5. 1895, = visited the South
Paris Savings Bank, and consulted with
the trustees of that institution relative TO
Its condition, After carefully considering
the matter. 1t was agreed by all that a
reduction of lepositors' accounts was
necessary. as PROVIDED In section l25.
trustees and myself. was prepared for tails
pprpose, filed inSsshe supreme judicial
1913 before JudK7 Savage. After Nearing
tfS6 Dark es .inta led. and also obtaining
hins4Ifto eridy Pc into the condition of
the Institution the court passed a decree
reducing the account of each depositor 10
ner cent.
This reduction became necessary prin-
'cipally on account of losses ON Western
real estate loans made nearly twenty
years ago The bank had been carrying
these Investments in the form of loans
and real estate by foreclosure, hoping
that an improvementsin clAdNions in the
sections where the property is located
would enable them to realize enough
thereirom to save the bank from any
such proceedings as finally became neces-
gary. IT became evident from recent de-;
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1899-01-03
$2,l32, 1853 40

The average rate of dividends for the
present year is 1853, while that for the
year 1887 was 3.67 The number of
banks paying four per cent is but IA
as against % the previous year. Not
withstanding this decrease in the rate,
the amount of earnings distributed
among depositors has increased $12,-
1923, owing to the increase in de-
posits.
In 1880, when the average rate OF
dividends was 4.52, the bank examiner
urged a reduction in the rate of taxa
ton czl account Of the gradual decrease
in the rate of dividends. Had the say
ings banks paid this average rate dur
ing the present year they would have
distributed 100000 more among their
depositors.
This very marked decrease in the
amount of earnings and DIVIDENDS IS
matter for most serious consideration
EXPENSES.
SDecial returns were obtained from
all banks in regard to the expenses
and the following table is made from
this: =
Presidents and trustees. $5,bIo %
SALARIES of treasurers and
other regular employees. 10O.04O.10
Other labor . 1,627.52
II ,Asral services. 2,0S9.Ss
Reuts and expense of bank
: ins, rooms ACKNOWLEDGEMENT. 10,4i4.2a
Stationery and ell other ex-
,,enses 1S,o5s.o9
Tota1 S13S, 4.46
This makes the average annual cost
of management about two mills on
each dollar of assets
There are S25 trustees of savings
banks. including presidents. The aver
age amount received by each is s2652.
IF We should deduct from this item the
salaries paid to the presl ents of some
of the larger banks, where these ofii-
Gals give a certain portion of their
fine to the institutions, it would re-
duce the average amount paid trustees
below ten dollars each. Quite por-
tion of them receive no compensation
whatever and in no case is the amount
na;d in any degree adequate compersa-
tion for the services performed. The
trustees of a savings bank have the en-
five authority and responsibility OF the
-, . ma s.ef1,ent ard control Of their re-
snective institutions. They receive.
,,,waver for their care and RESPONSE
bi,,ty but f-750O Of sone per cent on the
a,,,onnt of funds they hold in trust
rr,,is remarkable showing gives Una
strongest evidence OF the unseihsh de-
,,ot;on to Their trust of those who
manage the savings banks IN our
State.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1899-01-03
TRUST AND BANNING COMPANIES

The Mercantile Trust Company of Port
land, has been added during the year
The Lewiston Trust anu Safe Deposi
Company has recently begun the tran
The comparative statements show tina
the difference in liabilities and resource.
between October 49, 1881 and November &
1898. IL 1897 it was Sob, ioS.15, and in 1898
creased 500, 900, by including that OF the
Mercantile Trust Company, $lOO, 900, ana
an increase of 100000 in that of the Port
land Trust Company.
The deposstors in these Institutions al
the present time number IA, 1856, and the
amount of deposits is $500, lls.2S. TINS
is an increase of 1850 deposttors. and ST.
zig. $3.50 in deposits during the year.
The amount of interest paid during the
year on all deposits was $l2o.0i2 Is. that
upon the savings deposits alone beins,
% stockhoias,;s was s9l. 752. an increase OF
$600e over that of 1897. The average rate
Dt dividends paid stockholders was 5.18.
LIABILITY OFF STOCKHOLDERS.
I'm case of Insolvency of a trus; and
banking company, the stockholders are
individually liable to the creditors FOR an
amount equal to the amount of their
holdings OF stock. The statute does not,
however, proyAdes any method of enforce
ing this double liability except such as
applies to- corporations generally. II
seeFS tAat at the. present time stock
nolderS are not liable to such an assess
Ment until IKE institution has been adj
judged inSplvcn- and the assets of the
company exhausted. In two instances,
trust companies in this SIats nave at
tempted to take care of an impairment
OF capital by reducing the amount OF
their capital stock. 1t Is difficult to UNI
derstand, however, even if the law au-
thOrizes it, how this protects the credi-
tors OF the Institution or the general pub
lie. While. It enables the nss.- ~ charge
s s ssss $ 81 WELER,
Grasis. Bank sl'd'g, augusta. Name.
iscll:eodtf
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1899-01-03
Died.
SOMERSET

SOMERSET. rs -
6st Maaison-Dec. 80, Ephraam Moore.
KENNEBEC
raterville-Dec. 81. Fred York, aged %
Rrs.
Dakiand-Dec. 30. David Storey. former
of Waterville. aged 81 years..
10, Henry w. Lynn,
IA ss,iboro-Dec. %, Henry Bushby
|ged 63 years.
MISCELLANEOUS.
West Medtield.. Mass.-Dec. %. William
Bridge. formerly OF Augusta, Me-, aged
years
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1899-01-03
COnStipatiOl,

mere are so many remedies offered for
'''s complaint that we should be careful in
selecting the right one. What YOU really
"ceo 's-hot a mere purgative which will
require increased doses and finally cease act
'ns-ous wel'-seasoned medicine, which,
while tcieanses, at the same time strengthens.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1899-01-03
RRANDRETHS
PT rElS

can be taken continuously, one or two every
night, and only benefit will follow. They
never become Injured to the system, and if
stopped at any time, the functions will pro-
coed to act in natural manner. They are
purely vegetable, and aged for two years
before selling. You can depend upon their
doing their work right. Sold throughout
the world, both sugar.coated and plain.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1899-01-03


we have made no advance in our
prices, but are bearing the burden Of
the war tax. and the advanced prices
of the manufacturers. ourselves. Our
prices are still THE LOWEST IN
MAINE. The goods are standard.
genuine and fresh. because bought
direct from the maker. We allow no
middlemen's profits in our business.
THIS Isn't a tens. part of orr list.
complete one by mail for the asking. or
cut these ads out from day to day, as
the list changes.
EVERYTHING in drug store goods
at same saving prices.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1899-01-03
. 4sss 3sl..s- all s.l y.
consumption
reaps
his richest MALES
harvest ssnur,s
where dis sss'sAs
or
eases OF .
the throat HOREHOUND
and lungs AND. AND
are neglected. IAN

lfycu havcever tried Hale's Honey OF
Horehound and Tar you know what a
safeguard Il is against throat and lung
troubles. Sold by druggists.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1899-01-03
TAXES.

rike's Toothachc Drops cure ia one minute.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1899-01-03

Every Mother shcsld Nv \ =
= = - the house lor ~
many common ailments which win oeeuf b
every family as long as life has woes. Dropped
on sugar suffering children love it. Johnaan's
Anodyne Liniment cures every form Of inAam.
nation, interna! or external. The real danger
from disease is caused by inflammation: cure
the inflammation and you conquer the disease.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1899-01-03

The accompanying table gives the
rates and amounts Of dividends paid
by the savings banks during the year,
and a comparison with those of 1897:
The Daily Texarkanian., 1899-12-04
The Danger From Trusts.

When asked about the evils grow
ing out of trusts MIR. Bryan said: 81
think that the greatest evil of the
trust lies in the fact that, with the
growth Of monopolies all of the
great branches of industry will come
under the control of a few persons,
who will fix the price of the neces
saries of life bought by the people,
the price of the raw material pro-
duced by the people, and the wages
received by the artisans. Thus an
industrial aristocracy will be Great
ed, more dangerous to a republic
than the landed aristOcracy against
which Jefferson fought. 1t is not
possible to have government
resting upon the consent of the
governed when a few persons con-
troll the means of livelihood of a
large majority of the people. That
the trusts, when in absolute con
troll by few persons, WiR raise the
prices to the consumers, lower the
prices to the producers and reduce
the wages, is as certain as thai
human nature is selfish. WIN. ]
BRYAN.
The Daily Texarkanian., 1899-12-04
bullets.

The Republicans under a Repub-
licau governor in Kentucky, are re-
organizing the State Militia with
nothing but republicans in the rank.
We suppose dunn DUN bullets will
be used by them should the demo-
Gratis give them fight in keeping
out a man they are trying to seat
without any authority of law.
At last Havemeyer, the sugar
baron, is about to consolidate all OF
the sugar manufacturers into a
huge trust. Then We may expect
to see sugar go up in price like 9th
er commodities cornered and put
into a trust. If congress does not
take off the tariff upon all articles
in a trust, the American people
should eYerlastingly retire members
who refuse to do so.
The Daily Texarkanian., 1899-12-04
Advance IN Coal.

Owing to the advance in the price
of domestic coal, by the mines, in
September, another in November,
and similar advance in the rate
of freight, we are compelled to raise
our prices to the retail trade. Ow-
ing to the heavy stock, we have not
taken notice of the former advances
to us, but the time having arrived
for placing of additional orders, we
are obliged to do so.
Prices for lump coal will hereaf-
ter be as follows:
McAIester domestic lump, per ton, $500.
McAlester domestic lump, l-2 ton, $500
Illinois lump, per ton, $500.
Illinois lump, l-2 ton, $500.
The demand for coal upon the
mines has been so extreme and the
supply so limited, that further ad.
vanccs may be expected. We have
not placed our figures at the full
amount of advanced cost to us, and
would urge our customers to take
early advantage, while we have
coal on hand before further ad-
vances,
1215t Texarkaua Ice Company
The Daily Texarkanian., 1899-12-04

A boy was sent after a pail OF
water, says an exchange. 1t was
necessary to prime the pump each
time and give a dozen or more
strokes at the handle to start the
water. He poured in the priming
and pumped out as much as he had
poured in. Then he stopped to
rest and the prime ran down again.
After two or three hours of alter
nate pumping and resting he con-
cluded it did not pay to pump and
therefore quit in disgust. The
story reminds us of the merchant
who advertised for a few weeks,
then stopped awhile and allowed
the people to forget him and his
business before he advertised again,
aud concluded it did not pay to ad-
vertise. The fact is the pump had
lost its printing While he rested.
The Daily Texarkanian., 1899-12-04

Fifty-seven new cotton mills are
now in course of construction in the
south and many more are project
ed. The south, the place of pro-
duction, is where these mills prop
erly belong, and time will surely see
the larger number of them there.
The trouble of getting trained op-
orators, which eastern manufactu-
rers claim will be the hardest part
of the work, will not lastlong. They
will naturally come where living is
cheap and wages are good, and be-
sides, with so many more mills, or a
less number of larger ones, new
help will have to learn the work
auyway.-Batesville Guard.
The Daily Texarkanian., 1899-12-04

There is enough coal In the state
of Arkansas to supply humanity for
a thousand years, yet handful of
men closed these mines against the
courts, the protest from those
owning them, and the military
branch of our government. Con
gress should pass a labor law that
would do away with strikes and
lock-outs. If they can appoint a
Railroad Commission to make prices
for railroads and regulate them, it
lcok like labor commission could
be established to regulate other
branches and coal is>one Of these
brances, should be looked after.
The Daily Texarkanian., 1899-12-04
The Secret of the Strait.

Another expedition is going in
quest of "the secret of the strait. :"
For 400 years the secret has re
mained unsolved. Nowadays, geol-
ogists and geographers do not think
water connections exist between
the Atlaneic and the Pacific. That
the time was when the two conti-
nents we're apart, these scientific
people believe. There are people
who fiud the secret of health as
hard to find. Three words tell the
wdy-a healthy stomach. The Sc
cret is Hostetter's Stomach Bitters.
1t cures constipation, indigestion,
dyspepsia and all liver and kidney
ailments. 1t cures them perma-
nently. And it brings relief at
once. All druggists keep 1t, and
private revenue stamp covers the
neck of the bottle.
The Daily Texarkanian., 1899-12-04

And now some crank" right down
here at Hope, suggests a complete
revolution in the modern system of
school teaching He wants the
teachers to devote the day TO eX
planning and teaching the lessons
to the children, and then let the
children recite them TO their pa
rents at night -Okolona Messen-
ger.
We see nothing wrong ia the
Hope mans suggestion. 1t would
be far easier to hear recitatious at
night, than to teach the children
their lessons, Public school system
IN our towns and cities, is certainly
at fault in not TEAonINa-about all
they do is to hear recitations, and
tell stories, and read books to the
children for few hours each day.
We know men who pay heavy taxes
and then send their children TO a
private school TO be taught
The Daily Texarkanian., 1899-12-04
Arkansas Congressman on Hand.

Washington, D. c., Dec. 2-The
Arkansas congressional delegation
was complete today by the arrival
of Congressman Dinsmore, McCul-
loch, Terry and Brundidge, Nr.
Cullocb, wife ard Sister-in law, Col.
Terry and wife and Mr.. Brundidge
are quartered at the wellington.
Congressman Brundidge's family
was unable to accompany him,
owing to the illness of a little
daughter.
Mr.. McRae is progressing SO well
that he was able to attend the con.
gressional caucus this morning.
Mr.. Dinsmore has resumed bis
rooms at private residence.