davidaulloa/AmericanStories huggingface dataset:
The Scranton tribune. [volume] (Scranton, Pa.) 1891-1910, 1901-12-05

strong extended in confidence to the support ol
the weak and exposed repetition Of the dis
istyous phenomena oi l.1j awaits only the rris'
rss oT tinc,
Argument has heen gut forward for system
which coHtempldtes a large central bank WITH
multiplied branches. That system does, ind:el,
anorl the elements which would give III, lish'
est assurance ot pro,ecicu against the present
evil at individual hauks each an ihdcgCn1'Nl
unit, with no bond oE cohesion, no power OF co.
operative ASTON. no ability 90 cl.ordiuitG rv
hc general good on lor mu'udl dctrnsr 'it.t
iuc mopositiOu iur large central banks. "'ltn
lrrld powerS tor the establishing ut hrsnuh"s,
ohcnds tho common instincts ~ our people, and
uly fuiIiy be looked upon rs ut present impo,'
.b'r ~ realization. On NOT ,lp advantages ol
such = system h" gained IN an crthoiy ditcrcns
lorm: We Justly boast OF our political system,
mich gives liberty and independence 10 Inc
township and i limited sovereignty to the state.
willie /, cORIors upon the toderal governTent
ample powers tor a common protection and Inc
rrI,iuG he applied. under which the banks Hs
individual units, preserving thrir indepcndynte
ut action in loVul lclatiCnship, may Yet he unit,
cd in great central nstitution} Formed by
song certain peIccHlgc ot capital contributed
ly the banks themselves, iHd its luanag gealenl
created through the suffrage y, all, II would lsp.
'nt the interests Of the whole country. Wuh
limited powers OF control vlar - ineliLGr,lil
IN ths interest ~ common safety, confined in H.
dealings 10 the banks and TO tnc Government, It.
could become thc W"l,hy object of q regt,ct
ppblig confidence.
The Scranton tribune. [volume] (Scranton, Pa.) 1891-1910, 1901-12-05
a Wonderful Showing.



~N April. /, 1898, til" interest
hearing debt %. ,hc l'nitcd
~ States, WAS $SiI .3GG.G>0. Incl
lunt;t, 10 the war with Spain
tbc debt WAS Increased 50 that on No
Nentbei !. 1899 its highest point. the
amount stood at Sl,OIG G,Oio,U2o. Two
years later. or on November Il. 1901. the
debt stood at S95i, ,O2L150. showing Il re-
tlucton of $92 OF $40
This statement covers only The face
amount of the debt. interest is as much
II part of It debt as is the principal, and
this feature of the debt has been antici-
pated and paid to an amount nearly as
great as has been the reduction Of the
principal. by the application Of $iS.-
$4,000 Of the public moneys, interest to
the amount or SOLIDS, ,42i. which would
otherwise have been :; charge against
the treasury during the next seven
years. has been paid. so that, broadly
speaking. the public dcbt within two
years has been reduced by the sum Of
81 ib,aI0 nj
fund III the treasury has risen from
500, l6G,9i4 Oh April |. lS9S, to S3222 2,Jli.
49, at close ot business ON November
II, 1901. an increase ot S96.3i1.1 .1SS. The
effective reduction OF tho debt ana in-
creased cash on hand exceed in their
total the spanish war bonds sold,
amounting 10 Il littl" less than $500
O0O, ,O0u
AS a consequence of the operations
resulting in this very satisfactory con-
ditiOn OF things, the annual interest
charge on account Of the public debt
has been reduced from $lo,3i, ,SS4, whcr,
II stood November J. 1899, to S2S. III rs
on November l5 1901
On April /, lS9S, III" annual interest
charge WAS SSl ,3S,,311 There is there
fore shown an annual reduction in in
lcrest dating from the present time, of
SJ,9lG l49. ;ls compared with II period
just unteduting the Spanish war These
facts indicatc Il condition of unrur-
alleled strength in the treasury, ana 20
Tar 10 explain the superior credit ut the
United States as measured and Illus
lrnt"d by price quotations IN The
worlds financial markets.
Irrigation WAS already popultlr 1T
A sljDntpn pll "A small S,.llt
The Scranton tribune. [volume] (Scranton, Pa.) 1891-1910, 1901-12-05

docs not oifer sufficient security TO
rotc-boltlcrs; that the proposed guar
antcc fund made w OF securities and
currency equal to 80 per cent Of cicu"
latioi, plus ,,n annual tax of one
eighth uf one Der cent. of circulation
would be Inadequate; that bank fan
utcs would multiply. protection disap-
pear and bank note holders suffer
heavy losses. Those objections disap-
pear in the light OF experience.
At the direction of Secretary Gage a
careful analysis of the history Of ma
tlonal banks for the last SO yeats was
recently nadc. y Hypothetical tdA "f
| unc-eshth of | per cent. was charged
against all the national banks from
their organization to date. Wid the
amount so uccruing was passed To IN"
credit of the Imagined guaranty fund.
AS Individual banks from time to tim"
have actually failed. 1t was assumed
that had these banks enjoyed the priv
iegcs above proposed they would at
the time of their failure have had out
standing the full amount of Notes al
lowed. The guaranty fund was then
charged with the difference between
the value If the securities held by the
treasurer of the Cnited states in trust
and the face amount of their Outstand-
ing notes. Afterwards the guaranty
fund was credited with the amount
which would have been realized by the
treasurer had he received the same per
rpntnue in dividends llpCn his claim for
the guaranty fund as the final liquida-
ton of the banks showed was paid 10
depositors. The result OF this shows
that all note holders Muliid have real
lied III" face value of such notes With
out any delay; that the guaranty fund.
instead Of being exhausted. would nave
steadily grown. and that ON the !st
uf january OF the present year there
would hur" been AN unused surplus 10
Ii. credit vi tn guaranty fund Of
81. i.Jjr.
Prejudice basci on ignorance has
long hampercd banking operations in
this country. 20 The puolic's; in"onvc-
nience and loss. Secretary Gag" is one
OF the foremost factors in facing this
prejudice, showing wherein il is wrong
and leading publ, opinion t" better
levels ut Judgment
The Scranton tribune. [volume] (Scranton, Pa.) 1891-1910, 1901-12-05

ucnts are small 10 it's lines to New
York, which have long been The trans
htlputic toll bridge TOR hundreds of
thousands ui luooIcrs crossing from
Europe into the United states ana iot
hundreds of thousands Of tons OF \mcr-
lean farn products exported 10 Europe.
These ocean mail contracts stimulate
shipbuillng Jt the higher types ana
help to maintain u most important
commercial fundamentally regular
ard fast communication by sea.
In 1871 congress passed an act prp-
viding Tor ocean mail subsidies. but IL
was not well drawn and needs revision
and anpliicatiun Vet fast ocean mail
lines form only ono part of II merchant
marine. SLOW frcighters are what we
need most III" experience of other
countries has slown that II system Of
subsidies is the sttrest way to call these
merchant lines into existence. Quoting
again from Secretary Gage: I'VE build
few ships for foreign trade; II is de-
sirablc that we should build many. We
have very few ships under the flag in
l'ItISlI tl'Nt' ~ 10 N'.IIi'i' 'ii't we
should have many. The obstacles are
the relative cost of building ships here
and in Great Britain. which in time will
be overcome. and the relative pay OF
crews on American and on foreign
ships. Navigation bountes in the
United States are justitiable only by
present conditions, by the certainty that
they will not long hc required BY the
fact that they need not in any year
exceed the total cost ut II couple of
battle ships and by the fact, conceded
by our martins. rivals. that they will
produce the results we desire. In leg
islntion upon the subject ii is recon-
lncndcd that congress shall keep in
view the fact that the cNpedent is
temporary and that PROMPT results are
desired"
Those who object to ship subsidies
freely concedc the need OF developing
our merchant marine but bulk at the
method. Why not give it u trial" AT
most it would not cost 1t quarter apiece
Il year for each inlabitant. If it did
The business expected. IL. would soon
save 81 to 81 II year IT it didn't. the
law could be repealed.
The Scranton tribune. [volume] (Scranton, Pa.) 1891-1910, 1901-12-05
COMMENTS ON THE MESSAGE
Most Notable in Years.

Frolu III" Philadelphia Press.
President Roosevelt has transmitted to ronc,c.a
the most notable message in many years. Sau,,
hi.h.uimdrl, ethical, dcrp'principlcd, the coun.
Try will instantly respond 10 this Vigorous M.
compromising. direct declaration vt national
duty and public policy, Men may agree or dis
agree, but all know that no one OF these Issues
is let as it WITS before President Roosevelt
spoke, He has pointed the way 10 the solution
al great group uf i-sllr, which ave rrowdma
on the political stage aud which politicians have
ic,rrd To- di>cu>> rpoul,. rtndidly and with III.
eye ,iuglc {" The public good, and such an am.
Anrriulhi-lu.
The Scranton tribune. [volume] (Scranton, Pa.) 1891-1910, 1901-12-05

chant marine last year III
creased = per cent. tnfor-
tulutely this gain was al
most wholly limited to lake and coast
wise traffic, TN the high seas our mer-
chant tlns is still Il rarity. AZ the COM
missioner Of navigation points out in
his recent report, wc nave uuly one line
of four steamers crossing the Atlantic
10 Europe: two lines of seven steamers
line Ut three steamers to Australia
south Of The Caribbean se,t and the
isthmus there is no regular commune
cation ny American steamers with
either coast of South America.
rs Secretary Gage notes, Great Brit
ain and France for many years, and
Germany, Italy, Japan, aud other na-
tiuns tor some years, have mad lines
of large, tast steamers regularly CON
Meeting their ports with North und
South America, Asia, Africa, Australia,
uud Europe, respectively. For ihc ma
tiUnal services OF such Zines these for
ciGn governments now contribute about
SuIllN llt hbtl-
trbutloms take some form ut payment
fur carrying The ocean maths. These
steamers ANA their crews are par, OF
the scheme of defense oi each nation.
They hear Il relation 10 its navy re-
semblinr he relation of the state mil
i,ia to the army of the United States.
Expenditures are so adjusted by each
nation as 10 secure u complete and inl-
proving ocean mail service mdeg The
national HAS. rnug, tJv its lines 10
Asia Australia and Africa, where trade
is slowly built up, the German govern
ment grants Il subsid" equivalent at
times 20 over 30 per cent. of receipts
from n'eishts and farea- while its pay
The Scranton tribune. [volume] (Scranton, Pa.) 1891-1910, 1901-12-05
SCRANTON. DECEMBER ). 1901

In the eye OF the law every man is
Innocent until proved guilty. This wise
maxim clothes Harry Hatton in the
rlnoply ui virtue notwithstanding that
his acuuittal is through II t.chnicality
sprung before II showing of evidence.
1t is nov III order for explanations TO
y" entered by those who had charge Of
{ Nn nrDSrcnt iUl.
The Scranton tribune. [volume] (Scranton, Pa.) 1891-1910, 1901-12-05
Perfect in Composition.

"'h'iJI vli.
The Presidents message take, il, place al once
among til, great state papuo. II lacks the CON
,rrystinu in iutm usually found in such docu.
monl-, but in its pu,itNcncN, it never oyrrSlcls
lhv hounds ut hard common sense. II i, pcgrcut
IN compositions There are No flights ut empty
rhetoric. "r striving dttrr literary effect, yer I
doubt il II could nr improved nom 4 literary
standpoint. 1t is the work ri scholarly states.
man, Whose mind was inspired 10y PATRIOTISM
and Nhu,o thoughts were all ut duty.
The Scranton tribune. [volume] (Scranton, Pa.) 1891-1910, 1901-12-05

- liiicd his reputation as Il cont
Structivc linancicr His REM
Iy Tor bank uunicS is feasible, avail
,clupment of The clearing house idea.
\ federation OF banks for purposes OF
lrutectiOu, With power to mass reserves
Nhere The panic pressure is greatest.
would be Likely 10 "onquer fright. which
$ the serious factor IN The problem,
nd it Is not apparent that it would be
attended by any disadvantages. no
lring about such federation indie.
'rndenL of congressional enactment
would constitute a large undertaking,
Iut the dritl is in that direction and,
lor"oNcr, this is II time of large under
akinss and large accomplishments.
Equally to the point is his plan to
llcraasn bank note circulation by re-
suction OF the nOnded security required
he deposited, adding Ia it a feature
!al2uiated practically 10 retire the
ree.,hachs. or, what amounts 90 the
mne thing, to convert them into gold
certificates. Were such retirement 10
n effected without rompensating eX-
'ansion Of some other form OF currency
circulation, the result would probably
'e disastrous. This plan would actually
Increase the net circulation.
The objections most likely 10 he
fiered 10 ihis proposition are that It
The Scranton tribune. [volume] (Scranton, Pa.) 1891-1910, 1901-12-05
Interesting and Comprehensive.

NONGltssIIlII 00NNtII,
II is unc of the hest mcsSagc, | have ever
heard. It may hr Il rine long, but it is inter.
,,lhg and comprehensive throughout. To
shorten il would he 10 deprive us OF the knoMl,
edge that We now pu,,ess ia Ia what the prc,i-
dents views are vu every subject ot possible
lrushtiuil.
The Scranton tribune. [volume] (Scranton, Pa.) 1891-1910, 1901-12-05
Deals with Live Questions.

,ougrtssmau Moody ot Massachusetts,,
What | observed particularly is the mpoltIncc
it lttJrhr, 10 social topics, hitherto dIsrcgutic
by prr~d,ut,--tupica which, in my opinion, ave
destined 10 he the live questions OF NC century,
The Scranton tribune. [volume] (Scranton, Pa.) 1891-1910, 1901-12-05

" congress shall vote none! enough
TO make it possible for the construction
Of the Nicaragua canal to be begun
with .ll the men and machinery that
with good luck, eight years may be
sufficient to complete the enterprise
and open ii to The worlds comnerre.
II therefore is essential that the begin
ming shall not bc delayed
The Scranton tribune. [volume] (Scranton, Pa.) 1891-1910, 1901-12-05

u would bc dangerous tnr amy puiiii-
cal crook 10 attempt monkey shines
with ii man so we'll Embedded in the
cOntdenr" of she plain psopI" aS is
'rhVodOre EOuseVr!t
The Scranton tribune. [volume] (Scranton, Pa.) 1891-1910, 1901-12-05

The fusion ticket most mentioned for
next Years fight is Pattison and Coray.
Both are excellent personally. but
politically antique ANA hopeless
The Scranton tribune. [volume] (Scranton, Pa.) 1891-1910, 1901-12-05

Now let some fertile mind rXpluin
how ana how much publicity OF trusts
is to b." enforced
The Scranton tribune. [volume] (Scranton, Pa.) 1891-1910, 1901-12-05

blizzard also tioZc the conscience o
the cabuiun.
The Scranton tribune. [volume] (Scranton, Pa.) 1891-1910, 1901-12-05

The presidents message bears re-
reading. which is Il sure sign that ii is
above the average.
The Scranton tribune. [volume] (Scranton, Pa.) 1891-1910, 1901-12-05

II is pleasing to note that the Eng
lish press no longer regards President
Roosevelt us Il boy.
The Scranton tribune. [volume] (Scranton, Pa.) 1891-1910, 1901-12-05

II is perceived by all nov that the
srcptre of political dominion in New
York state politics has passed peace
fully from PlHtt to Odell. And Otlcll is
trusted where Platt was distrustcd.
The Scranton tribune. [volume] (Scranton, Pa.) 1891-1910, 1901-12-05

The case of the Wilkes Barre t;un-
ncllS proves that it is dangerous for
even an attorney to take chances on
the law
The Scranton tribune. [volume] (Scranton, Pa.) 1891-1910, 1901-12-05

Irrigation Wus already popular AT
Washington ON It small scale.
The Scranton tribune. [volume] (Scranton, Pa.) 1891-1910, 1901-12-05
Secretary Cages Report.

nee MORE has The present
secretary OF the treasury JUS
- tilted his reputation as IA con-
StrurtiVc fmaucicr His rem
The Scranton tribune. [volume] (Scranton, Pa.) 1891-1910, 1901-12-05
a rIeans to an End.

THE TONNAGE of our ner-
chant marine last year in
Il creased = per cent. t'ntOr-
The Scranton tribune. [volume] (Scranton, Pa.) 1891-1910, 1901-12-05

Why courts ana court methods some
im"s tall into popular disrespect Is
more readily comprehensive after
atudy Of the Harry Hattun nascu.
The Scranton tribune. [volume] (Scranton, Pa.) 1891-1910, 1901-12-05
A Plea for Peace.

w ~ ARE LIVING in an age
\N Of change. Old rondi.
tious arc yielding Ia new
Iowa County democrat. [volume] (Mineral Point, Wis.) 1877-1938, 1901-07-25
BEFORE 1T is TOO LATE.

If you have a gray-haired mother
In the old home far away,
Sit down and write the letter
You put off day by day.
Don't wait until her tired steps
Reach heavens pearly gate
But show her that you think of her
Before it is too late.
II you've tender message
Or loving word to say,
Don't wait till you forget it
But whisper it today.
Who knows what bitter memories
May haunt you If you waltz
So make your loved ones happy
Before it is too late.
We live but in the present,
The future is unknown
Tomorrow is a mystery,
Today is all our own.
The chance that fortune lends to us
May vanish while we wait,
So spend your life's rich treasure
Before it is too late.
The tender words unspoken,
The letter never sent,
The longforgotten messages,
The wealth of love unspent.
For these some hearts are breaking,
For these some loved ones wait
So show them that you care for them
Before 1t is too late.
Iowa County democrat. [volume] (Mineral Point, Wis.) 1877-1938, 1901-07-25
CHASING AFTER FIRES NOW.
A New Wrinkle in the insurance Bust.
ness Said to Pay Well.

The latest thing for fire insurance
agents to do is to be on the spot look
ing for new business while old BUSH
ness is burning up One of the can
vassers of a New England company
began to make money so rapidly few
months ago that some of his competi-
tors tried to find out how he did it.
They learned that he made a special
ty of following the fire engines and IL
the fire happened to be in a tenement
house or fiat he waited until the
flames were subdued and reaped a
harvest by insuring other tenants and
neighbors. Most people are apt to be
so badly scared by fire they are glad
to take out poivies on the spot. 1t
didn't take the other agents long to
catch on, and it is said that the other
day after a fire twenty-one agents
wrote seventy policies in the imme-
date neighborhood.
at is a great scheme" said one of
these agents yesterday. "All one has
to do is to hit the iron while it is hot
Don't talk insurance to any of the ten
ants or neighbors while the fire is
going on, because they are likely to
be too excited to think of anything but
their personal safety When every
thing is quieted down and the fire en-
gines are going away is the time to
jump in with your proposition. OF
course, none of the large companies
permits agents to get business in this
way, but there are countless small
underwriters who never question the
source from which an application
comes so long as the risk is not I'M
usual This chasing after fires is one
of the new wrinkles of the fire insur-
ance business. A profitable one, too.
Iowa County democrat. [volume] (Mineral Point, Wis.) 1877-1938, 1901-07-25
Much Reading for Little Money.

The New York World has got the
cost of printing down to a minimum.
It's latest offer of its monthly newspa-
per-magazine is interesting if from no
other cause than that it shows the
acme of how much for how little"
The Monthly World is a 32-page maya
zine with colored cover. It's pages are
about the size Of the pages of the
Ladies' Home Journal, and it is copi-
Ously illustrated in half-tone. The il
Illustrations are the result of the best
artistic skill, aided by all the latest
printng-press appliances, making a
magzine unrivalled in the quality Of
its contents and its appearance.
Each issue contains stories of ro-
nance, love, adventure, travel; stories
of fiction and fact; stories of things
quaint and curious, gathered from all
over the world; the results of scien-
tific research, and editorial reviews. 1t
numbers among it's contributors the
leading literary men and women of the
day. A feature each month is full
page portrait of the most famed man
or woman of the moment in the public
eye, IN collecting and preparing for
publication the literary matter and
art subjects for the Monthly World no
expense or labor has been spared. The
World will send six numbers of this
newspaper-magazine on receipt Of
fifteen cents in stamps Address The
World, Pulitzer Building, New York.
Iowa County democrat. [volume] (Mineral Point, Wis.) 1877-1938, 1901-07-25
MAKING ENDS MEET.
How Young Men Manage to Work
Their Way Through College.

How Young Men Manage to Work
Their Way Through College.
working Ones Way Through Col
lege," by Alice X Fallows, with draw
ings by Clifford Carleton, is a leading
article in the Century.
Any one who visits a certain little
meat shop in a side street of Boston
on Saturday when the rush of trade
is greatest, says the winter, will find
there an extra clerk distinguished
from his fellow clerks only by an UNI
usually intelligent face. Like them,
long white apron as easily as they.
His smile and quick repartee make
him popular with the waiting throng,
and he saws through the bone of a por-
ter-house steak, wraps up the meat,
and hands 1t to its owner, quickly and
deftly as n professional. If the Gus
toner will so to dingy grocery store
a little farther down the same street,
he will find another man backed up
against a kerosene barrel patiently re-
hearsing the price of eggs, butter and
>oda to a bulky matron of the middle
class, keeping his temper when she in.
forms him that all these commodities
are two cents cheaper at a rival store,
and even smiling a cheerful good bye
when the virago slips four cents
worth of Goldfish into her basket as the
result of twenty minutes haggling,
and squeezes through the door. .
If the same customer happens to
be in Harvard Square the following
Monday at the end of a college hour.
he win probably feel like the victim
Of a modern fairy tale when he
recognizes in two students swinging
across the yard with note books in
their hands, the butcher and the gro
Ger of Saturday night.
In the modern development of under
graduate self-support, such metamor.
phoses from student to workman and
back again are so common that
stranger within half days distance