davidaulloa/AmericanStories huggingface dataset:
The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1899-04-18


Trains leave Portland, Union Station. for
scarboro Crossing, 1000 3. M. $40, p. M;
sesrboro Beach. Pine Point. 100 1000 q m.
sss. 81 siaa. Ge sc i SS 1 @ as
s.so, So. so p. n; ksn:.Su:L. 100 so.
a. ~, 1850. $50, 5.25, 60 p. m; Kennebunk'
port, TOO 40. a. M, 1884 $50, 6.2o. p. mi
Wells Beach. zoo. $40 q; H. 20. 90 p % M g.
$50, b.25 p. M; Kochesisr. Farmi.gton
Alton Bay. 40 a. M, 1926, $50 p. m; Lake
port. Laconia, Weirs. Plymouth. 40 2. nj
i2sS ?: m; Worcester via somers~ortn sna
and North, 700 a. M, $50 p. M; north Bse
wick. Dover. Exeter, aaverhtii, Lawrence
Lowell, Boston, a 4.05. 100. $40 . m. 12.Sa.
i So no m 7 D. s no. Leave Boston 70;
Portland. 6.6s 7.so, $50 a. m. LIS. AS p. m
Arrive Portland. loia li.So. q. m" i2.io. 300
SUNDAY TRAINS
For soarbore Beach. Pine Point, Old
Orchard Beach, saco. Biddeford, ksnns
bunk, North Berwick. Dover, Exetes
40 p. m. Arrive Boston o1s. az p. m;
Rochester. Farmington, Alton BAY NV
EASTERN DIVISION.
For Biddeford. Portsmouth,, Nswbsry-
port, Amssbary, salem. Lynn, Boston, 100.
.. M. l2.lo. 100. s.o5 p. m. Leave Boston for
Portland, 7.S0. 800 q. m. 1890, 100, las p. m.
Arrive Portland. ll.45 a. m. l2.oo. ~ io.to'
lo.45 y. IN.
SUNDAY TRAINS
For Biddsfo d, Portsmouth. Nswbsry-
Leave Boston for Portland. 900 q m. 1901. m
Arrive Portland, 1910, 1890 p. m
a. Daily except Monday and stops ~ Norta
Berwick and Exeter only.
p. J. FLANDERS @. p TT. A. 32'tsI
The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1899-04-18
STEAMERS.
STEAMERS.
Portlald,fIeapuTt & Btu sWiCi Stab at Co

Str. for Falmouth and beeparE
ON and after April 10, 1887 steamsf
PHANTOM will leave Portland Pier
For Falmouth, Cousens Chebeague, Bustin's
Island So Freeport and PorteT'S Landing go
p. m.
Returning leave Porter's Landing at 6.45 a.
M, SO. Freeport at $50 a. m, Bustin's Island at
7.20 a. M. Chebeague at 7.45, Cousens 7.55 a. M.
Falmouth S. 10 am.
mar23dtf f. A. BAKER. Mgr.
The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1899-04-18
nABY-PAP.sPOoNS

are the latestbaby article. L is just what the
s HtsTins Silvsr ana thev are very nice and nrs.
ty, Give one u the baby. MCKINNEY the
JsweIeg. Monument Square. aptlsdtf
The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1899-04-18
Imports
Exports.

GLASGOW. steamship Norwcgiau- l99 pkgs
clay pipes 10 c nans s. Patrick.
The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1899-04-18
MARRY ME, NELLIE,

And will buy you su'h pretty hing at
McKenney's. Thousand solid gold Rings,
Diamonds. Cpai-?earls. kUOIes, Elneralds and
all other precious stones. Engagement and
Wedding Rings specially. Largest stock in
city. MCKINNEY. The Jeweler Monument
Ouare. mar22du
The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1899-04-18
Portland & Small Point Steamboat Co.

Daily trips commencing April "a ~
srd, 1893. steamer PERCY Va ~
will leave Portland Pier, Portland. WA
at p NJ. for Orr's Island Cards
Cove, Quohog Bay, Poor's Point, ~
East Harpswell, Ashdale. Horse
Island Harbor. Water Cove, Small Point
Harbor and Cundy's Harhor. Return. leave
Cundy's Harbor at a. m, via above land
ipgs arriving in Portland about 10 a. m.
j. II. MCD0N AID. Manager.
ONCE, I5s Cmmercial ST. Telephone 1913.
apri uti
The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1899-04-18
NEW YORK DIRECT LINE,
Maine Steamship Co.
Long Island sound BY Daylight.
3TRlPS PER WEEK.

3TRIPS PER WEEK.
FARE ONE WAY ONLY $500.
The steamships Horatio Hall ana Man
haitian alternatiyely leave Franklin wharf
Portland, Tuesdays, Thursdays and saturdays
at D, IN. for New York direct Returning. leave
Pier 3s, L, R., Tuesdays, Thursdays and Satur-
days at p. m.
These steamers are superbly htted ana fur.
nished for passenger travel and AFFORD the most
convenient and comfortable route between
Portland and New York.
JF LIsCOMB. General Agent
THOS. nj. BARTLETT. Agt oct4du
The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1899-04-18
BOSTON and PHILADELPHIA.
TRI. SAILINGS.
From Boston Tuesday, Thursday, Saturday
From Philadelphia Moniay, Wednesday
and FRIDAY.

From Central Wharf. Boston SD, m From
Pine street Wharf. Philadelphia. at D. m. In
surance effected al ofllcs.
Freights fer the West by the Pom. K. X. and
South forwarded by connecting lines.
Passage $l10a. Round Trip $500
Meals and room included.
For freight or passage apply TO +. z, WING.
Agent Central Wharf. Boston.
ME-. B. SAMPSON, Treasurer and General
Manager. % State st. Flake Building, Boston.
Mass. acr2du
The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1899-04-18
SPOT CASH-OLD COLD.

We give you the highest price for Old Gold as
we use IL for making rings. MCKINNEY the
Jeweler, Monument Square. oct2sdi
The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1899-04-18
Memoranda

Vineyard Haven, April 15-Sch Eliza Ham
ilton was fioated yesterday with her cargo OF
coal on board. and will be towed to New Red
ford. Hull Is In good condition.
The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1899-04-18

Portland Dauy Press stesx Ia eta,to ms.
yorrsctsd by swan 9 Barrett BanksrA 1855
Ml0dla
The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1899-04-18
NJ Arm II: Jew :
rORr OF PORTLAND

FORT OF PORTLAND
MONDAY. April II.
Arrived.
Steamer Cumberland. Allen Boston for East
port and st John. N h.
steamer Enterprise. Race. Boothbay via
Tag Valley Forge. with barge Suffolk, from
sch Augustus Hunt. Blair, Batimore-coal to
Me Cent Rk.
Sen Sarah s Ellen. York. Philadelphia-coal.
Sch j kennedy, Garnet, Boston.
Sch Seth w smith, Martin, Boston.
Sch Laura Marion, Eastman, Harpswell
Cleared
Sch John Hanson, Oliver. Ksnnebec and
washIngton-W w Merrill & Co.
Sch Clara Goodwin, Pinknam coal port-J
Sea-" Sch susan Frances, Rice, A,bvine j H
Blake.
SAlLED-Sohs Geo Z walcott Clara Good.
win. Viking. Addie Jordan.
FROM OUR CORRESPONDENTS.
MT DESERT. April 15-Sailed, sch Harry l.
Wilton, Rich New York.
ROCkPORT, April 16-Ar. schs Hetmon
Kimtall Laae Boston; Ethel f Merriam, New
man, do; Ellen Maria, Brooks illc.
Sid, sens Herald, veazie, Boston; .Miantono-
Stewart. Now York.
wISCASSET. April l6-Ar. sch Rebecca \
Tsulane, Bunker, Boston
EXCHANGE DISPATCHES.
Ar at Buenos Ayres Mch 81. barque E,heL
Ar at Liverpool nth. steamer Galla, iroia;
Ar at Glasgow 18th. steamer Peruvian from
Portland e. . fr4 u.
Sid 9th. steamer Greclau. for Boston.
Ar at halifax nth. steamer Mongollan, rcm
Liverpool for ST John NIB.
The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1899-04-18
LIMERICK.


Limerick, April A. 5. A. Grant paid
n flying visit the 14th. DE is now estab-
Iished in the ladies' and gents furnish
ing business at Franklin, n. Ii. Miss
j. b. Libby is conducting business at
his old stand here, having added nilii-
merry.
A council was convened at the Free
Baptist parsonage on the 9TH for the ex-
animation of the Rev. Geo. A. Smith of
Freedom, n. H., for reco9nition and ap-
proyal upon his change Of denomination.
Professors b. 4. Hayes and A. W. An
thony were present from Lewiston. The
result was approval.
The remains of Albert Pierce, an old
citizen of Limerick, were brought here
from Sanford, where he died at the home
of his daughter, and was buried on the
18th. Mr.. Pierce was upwards. of 50 years
of age.
/. 5. Libby, Esq, is becoming weaker
daily, and his stay must be very short.
his limbs are perfectly helpless, but pain
less
Mrs. Abbie Philpot, who has been i'll sc
long and was thought to be improving,
is again critically Ill, the disease having
attacked the brain, and hopes OF hei
recovery are very slight. Mrs. A. o.
Perry, an aged memb Der of the same fam
lily, is also quite sick, and our esteemed
neigh or, Elkanah Philpot, has the
sympathy of all.
Rufus Garland. whose only arm was
broken so badly few weeks ago. is out
upon the streets. but his arm Is still In
plaster.
Mrs. W. b. Moore, the wife of the
High school preceptor. leaves on Monday
for visit at her mothers, in Philadel
phia.
Miss Maggie Holland has obtained 0
situation AS IA teacher in Brockton, Mass
Miss Nora =. Mason, who is teaching
in Wakefield, Mass, has been home for q
weeks visit. She returned the Sth.
Herbert Seayey, 10 has been In Massa
chusetts through the wiuier, is home FOL
"A rest Ii Is pleasant To see him on our
streets
HARPSWELI..
Harpswell, April Id. A. Hunting
ton. William Randall and Henry h. Dun
ming have been appointed rural letter car
riers for the free delivery routes In
Harp~well.
The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1899-04-18
COR HAM.

ter, North Gorham, Me-, has a rare curl
osity in the shape of thres years old
heifor that has three fine calves, triplets.
The calves are all perfect and healthy
and are attracting a great deal Of atten-
ton In the vicinity, many people going to
see them.
The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1899-04-18
SNESou1HIA6SGrIsFnNs
Un ssBest Liver Pill Made"
= arSonS' Pills

Positively cure biliousness and sick headache,
liver and bowe lcomplants. They expel allimpuriies
from the blood Delicate women And relief from
using them Price 25 cts. five Sl.00. Pamphlet free.
IS.JOHNSON & CO., ~ Custom House St., Boston,
The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1899-04-18

Harpsweli, April l6.--J. A. Hunting
ton. William Randall and Henry Il. Dun
ming have been appoiD ted rural letter car
riers for tho free delivery routes in
HarpSwell.
The Mitchell capital. (Mitchell, Dakota [S.D.]) 1879-1918, 1899-08-11

Miss Elsie Smith left Thursday to
visit with relatives at Omaha and visit
the exposition.
Owing to the increased business on
the west end the Milwaukee is running
a freight to Chamberlain every day.
Strayed. A red COW and two
calves. Were last seen Monday night.
Please leave information at Wiley's
Music store of Mitchell.
Ed. Hamilton, who has fired the Nil
waukee passenger engine out west for
some time, has been restored to an en-
gine on the east end of the road. Tom
Kinney has taken his place.
Arthur McKeel some time ago pur-
chased the residence at 302 west Third
street and has commenced enlarging
and improving the house. When COM
pleted he and his family will occupy it..
Yankton Press and Dakotan: "Rev
B. Wade Burleigh and wife, of Ha-
warden, are the guests OF Mrs. G. F.
Burleigh in Yankton for week" :"
Mr.. Burleigh was the former pastor
of the Congregational church OF this
city and is reported to be doing nice
ly at Hawarden.
Little Harry Elce narrowly escaped y
serious accident Wednesday evening.
He was riding on the tongue OF wag-
on, trailing a threshing machine, and
fell off. The two wheels passed over
his right arm and barely missed going
over his head. No bones were broken,
but the little fellow was thoroughly
frightened.
Paul Page arrived in the city Thurs
day to remain until about the first
OF November. About four years ago
Paul left Mitchell for the Yukon gold
6eldsN locating however at Buckley,
Wash. where he is now the possessor Of
a prosperous business. he purchased
a saw mill and is engaged in the manu-
facture OF lumber. Paui's old friends
were glad to see him again.
There is evidently going to be much
threshlng done this fall by the large
sale of machines. Jos. T. Morrow re
ports number of sales of the j.
Case machines. John Salisbury neal
Foresburg, and George Creed, Lying
in the south part Of Sanborn county
each took home a horse power out
fit. W. S. Kelley, of Milltown and Ed
Johnston, of Bijou Hills, are eacl
purchasers of Case Agitator, ant
Chris. Neugauber, of Hillside bought
horse power outfit. These machine
were all delivered Wednesday ant
Thursday.
The Mitchell capital. (Mitchell, Dakota [S.D.]) 1879-1918, 1899-08-11
Another Failure

In Mitchell to stop and think failure to sell
goods many merchants to fail. Failures
goods to be sold cheap for less than real values giving
opportunities to ready and quick buyers bar
gains. These advantages open to the ready
buyer in shoes at the The Chicago Shoe Store.
ling in the shoe trade happen that take advantage
of the opportunity and buy goods for less than real val
and will from time to time be able to offer stocks Of
shoes to the citizens Of Mitchell and surrounding country
lat oneh half price less Come in and make your
first purchase of the management and be convinced
that the only place to buy shoes at onehaf price is at
l ne CHICAGO eS go Shoe House, remembering that we
offer stocks Of goods for very low prices and which all
times ready to buy and will continue to cer the
patrons of Mitchell Shoes
The Mitchell capital. (Mitchell, Dakota [S.D.]) 1879-1918, 1899-08-11

the boys lie was saved. 1t was 8 he
roic act the girl performed, when some
would have exercised their lungs to
the fullest extent under the circum.
stances.
Mrs. Stephen Clark, the woman who
was shot by her husband down in
Douglass county several months ago
was in the city Tuesday in consultation
with DR.. W. E. Crane and returned
home on the evening freight. The
bullet, which was As calibre, entered
above the right shoulder and passed
around in front of her neck and came
out on the other side. Two more
shots were fred at her, one grazing
her head and the other missed her en-
tirely. Mrs. Clark laug hingly remark
ed that she did not believe she was
born to be killed by bullets. Her
daughter who was shot at the same
time died shortly after. Mrs. Clark
said she was feeling quite we'll and was
feeling much eater DOW that she knew
her assailant WAS dead, his body hav-
ing been found in . grove near Kim
ball. She; pleasant lady and
in an early day, was . residsntof Mitch.
.all.
The Bourbon news. [volume] (Paris, Ky.) 1895-19??, 1899-02-24
SHAW HAN.

Ed. Rail visited friends at Kiserton
Sunday.
Miss Ida Bowen. Of Kistrton is on
tn sick list
w. B Worthing aud family moved to
Georgetown yesterday
Miss Nellie Patton is visiting her au :,
Mrs. Lee zimmerman, of near Conner: :
Vile
Mrs Alva Crawford, of Paris, was tn
guest of her sister, Nrs. j NJ. DuvaI
Monday
Several of the F . o A. members of
this place visited the Millersburg lodge
Monday night.
Several of the Young people of II is
place attended the hop given by NJ
Marshall, of Rudd-ls Mills.
Miss Bes ie Kimb,Ough, Mrs. Jack
Patton, j M Duvall, Jack Patton ana
David T. Doty Joined the 70 .. A
lodge Saturday night.
Miss Georgia May Ireland, who has
been the pleasant guest of Mrs } M
DuvAll, last week, has returned to her
home at Chilicothee. Mo-, much to the
regrets of several young gallants Of this
place
The Bourbon news. [volume] (Paris, Ky.) 1895-19??, 1899-02-24
SCINTlI.LATIONS.


An Interesting Stumble of News And
Comment.
There is an ppidemic of measles at
Leitchfield
Dangerous counterfeit $40 bills ar in
circulation in louisville.
George Dickey was Yesterday appoint
ed pOstmater az Cynthiana.
In Northwestern Colorado the snow
is from ten to fifteen feet deep on a
level
Maysville has a commercial club of
ninety five members, organized Wodnes-
day night.
GOV. Roosevelt signed bill to prevent
the desecrating, mutilation or improper
use of the American flag.
The women of Lexington have raised
over $500 to aid in hunting down and
Furnishing the murderer of Jacob S,
Keller
Lieut.. Ethelbert D. Scott, who sh l
Col. d g. Colson, was acquitted at An
niston, Ala. Col. Colson failing to ap-
pear against him
A Marylanasr oman murdered her TO-
year-old son by wrapping him in d
blanket and locking him i'll a trunk
where be suffocated.
Miss Marie Glare Boyd, of Cynthiana
will be one ont of class of five to grad
uate this year fl ON the Good Samaritan
Hospital, Lexington.
A Commercial Clab of TWENTY-FIVE
members was organizer this week al
Lancas Ter, d one will be organized {
at Maysville. What the matter with
one in Paris?
The special grand jury 1t LexinSt on
will investigate the police and attempt
to discover why King" Mcnamara, the
slayer of Jacob Keller, was allowed to
escape.
A Lexington soup house gave aw y
2, 100 gallons of soup. 200 pounds of
cooked beef, 100 lOaves OF bread, six
bushels of beans and three sides of bacon
during the recent cold spell.
Thirty eight years ago Basil Hayden
Of Washington county, KY made VOW
never to put his foot on the ground again
because his sweetheart elOped viii =
other man. Since that day be has at
tended to his business through trusted
servant and has never left his house.
He owns farm and is in good health.
The Bourbon news. [volume] (Paris, Ky.) 1895-19??, 1899-02-24

The Council of the Fraternal Order of
America, which organized here last
week, with twenty eight member, met
in council Monday night, the Goth, ard
took action on the death of John M d.
Jameson, Jr, who joined the order on
Jan. gath and died on Feb 9Th. The de-
ceased was insured for 81, 200 and Mrs.
Matte Myers, the beneficiary, (his aunt
re .eived the money Wednesday morning
the 22nd.) This is certainly quick set
Element and speaks we'll for the order
There has recently been organized g
council at Cynthiana of over 100 mem
beers and one at Shawhan of about AZ
members.
The Bourbon news. [volume] (Paris, Ky.) 1895-19??, 1899-02-24
TOrnadOes And Cyclones.

LOOKOUT. these WludstCrnIs viii
sweep your farm property off the face
of the earth. aud YOU will lose il all
unless you have policy in the old and
tried Glen Falls of New YOik-$ ,00t
insurance for five years will only cost
you $40. Tobacco barns speciality.
(9nov-tfl L. PORTER SMITH, Agent.
The Bourbon news. [volume] (Paris, Ky.) 1895-19??, 1899-02-24

The following ministers attended the
Mission ny Institute of the Maysville
District, held here Feb 21st and 22nd;
w. F Vaughn, P. E of Paris; j. o A.
Vaught, Maysville; E. G. B. Mann,
Paris; p Ross. Sardis; w. d. Will
burn, Germantown; e. A. Bromley,
Olympia: M. T Chanler, Bethel; S. H
Pollitt, Mt. Olivet: r. E. Lancaster,
Carlisle; Geo E. Rapp, East Mavsville:
W. w. Darlington, Washington, KY; j
w Gardner, Hillsboro; M. S. Clarke,
Nepton; Mr. w. w. Ball, Maysville, and
Rev. w. S. Grinstead, Millersburg.
The Bourbon news. [volume] (Paris, Ky.) 1895-19??, 1899-02-24

NEW YORK, Edam, pineapple, Neufa-
chatel cheese.
Cf, NEWTON MITCHELL.
The Bourbon news. [volume] (Paris, Ky.) 1895-19??, 1899-02-24
CnnCIled 20 Years.

l suffereG tor - years with a cough.
and spent hun reds of dollars with
doctors and for medicine TO ~ avail un-
Ill | used d. Beli's Pine Tar Honey
This remedy ma1es weak lungs strong
1t has sayed my life.-J b. Resell
Grantsburg, Ill.
The Bourbon news. [volume] (Paris, Ky.) 1895-19??, 1899-02-24

FANCY California evaporated fruits.
(tT) NEWTON MITCHELL
The Bourbon news. [volume] (Paris, Ky.) 1895-19??, 1899-02-24

HENS baked beans iii tomato sauce
f. b. MCDERMOTT.
The Bourbon news. [volume] (Paris, Ky.) 1895-19??, 1899-02-24
The Eagle King of All Birds,

is noted for its keen sight, clear and
distinct vision So are those persons
who use Sutherland's Eagle Eye Salve
for weak eyes. styes. sOTe eyes OF any
kind or granulated lids. Sold by all
dealers at % cents.
The Bourbon news. [volume] (Paris, Ky.) 1895-19??, 1899-02-24

For SALE.-One large anthracite
stove. Apply to DR.. Ussery. (2O
The Bourbon news. [volume] (Paris, Ky.) 1895-19??, 1899-02-24
FOR SALE.

A firgt-class, power Grinding Mill
standard make, will grind 6O 90 20 par
rels ear corn per day, with lO-norse
Wei r. P. BARNETT.
The Bourbon news. [volume] (Paris, Ky.) 1895-19??, 1899-02-24
For Rent.

Five-room brick residence ON Seventh
street. Ba room and other r0nven-
fences. Apply to j. K. SPEARS.
The Bourbon news. [volume] (Paris, Ky.) 1895-19??, 1899-02-24

HICKMoTT's asparagus tips, equal to
the fresh. F. B. MCDERMOTT.
The Bourbon news. [volume] (Paris, Ky.) 1895-19??, 1899-02-24
HEMP SEED.

Those farmers expecting to grow hemp this
season will find it to their interest to write me
before purchasing their seed. have on hand
Cultivated Hemp Seed grown from seed impor
ted from China in 1893
w. i. LOUGERIDG
Gan2mo) LEXINGTON, KY
The Bourbon news. [volume] (Paris, Ky.) 1895-19??, 1899-02-24

Capt. VIM. P. Van Dorm, a respected
citizen, an hOnOred legislator, liberal
educator and brave soldier, who for
merly lived here. died Feb. 2 at Wooster,
O. He is survived by his wife, who was
Mrs. Carrie Shelman Miller before her
marriage to Van Dorm, and her
her two daughters by her
f~st h~eh nd Mrs. j. j. Kenney,
Of Ofeston, o, and Mrs. E.
Is. Jones, of Z4nesville, o
The Wooster Her0td prints column and
d half sketch of Capt. Van Dorm.
The Bourbon news. [volume] (Paris, Ky.) 1895-19??, 1899-02-24
WATCHES.

We are Sole Agents for tie
Celebrated Patek, Philippe &
Co. watches. Our stock In this
line includes every grade aad
make known to the trade, at
prices to suit everybody.
The Bourbon news. [volume] (Paris, Ky.) 1895-19??, 1899-02-24
SuVERSMITHS.

Our stock Of STERLING SILL.
YER TOILET VAR z and
WE DDIN SILVER Is the
most complete in the West. A
few exclusive patterns of Ster-
hing Silver Spoons and Forks at
S1.oo PER OUNCE.
The Bourbon news. [volume] (Paris, Ky.) 1895-19??, 1899-02-24

Sheriff Donnell passed here yesterday
with four prisoners for Frankfort: The
two depot robbers got SIX years each.
(Iar~ott Williams six Years for horse
ali Z; and a ! e no got a one year
Jeru.
Having dissolved partnership. we ask
our patrons, those knowing themselves
indebted to us, to please call and settle
their accounts at once, as we need the
money badly to meet our Obligations,
and to wind up our business.
IN JUDY q COLLIER.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1899-09-25
in case Of widespread panic becoming praoti-

In case Of widespread panic becoming praoti-
oally worthless
The obvious and only sensible way TO pro-
vide against the annual contractions Of bank
reserves at harvest time 10 for the banks never
to expand their loans so that thoy will have to
be contracted when the inevitable drain
upon their reserves takes place. 1t Ia as easy
to lay by money In February and March to
meet demand for II In August or September
as II 10 to all an icehouse In winter for summer
use or to mine and store coal In summer for
winter fires. At present. our bank officers
initiate the grasshopper instead OF the ant.
In the spring they lend every dollar they
can get AMI body to borrow at any rate OF inter-
est no matter how small. Then. whom the
autumn contraction comes. they have no mar
gin to draw upon they contract their loans. put
up the rates ot interest and play the mischief
with the stock market. Last March and April.
for example. our New York banks expanded
their loans to $780, 100000 and gave their
depositors credit for 1902 100000 Now.
without any adverse balance OF foreign trade
and no demand for gold for export. they have
had to contract their loans to 722.O0O 900 and
their credits to depositors to $708, 100000. II
the loans and deposits in March and April had
been kept down to their present figures. there
would have been no undue initiation in the
stock market then and no collapse in It now,
and tho banks would have made more money
for their stockholders. Clearly. 1922. 5000
at per cent. pays better than $3.50. 900. 900
at 3 per cent. and yet 3 per cent. was
all that the banks got for their $3.50. 900
last spring. against the per cent. they are
getting on S722.000.000 now. Therefore. for
the sake OF the interest on $5S.oOo0 1000. they
not only stimulated q Wild speculation in
stocks and promoted numberless insane in
dustrial enterprises. but actually lost more on
their loans than they made on tho SOS. 900. 900
they unnecessarily added to them.
MATTHEW MARSHALL.