davidaulloa/AmericanStories huggingface dataset:
Iowa County democrat. [volume] (Mineral Point, Wis.) 1877-1938, 1902-01-02
SHAW HAD HIS
BANKING PLAN
EXPLAINED 1T IN SPEECH BEFORE
BANKERS IN APRIL.
ASSET CURRENCY SCHEME
Oesideratum of Elasticity to be
Gained by Allowing Banks to In
crease or Diminish Circulation at
Will According to Need and for
Slight Government Tax.

Des Moines, Dec. 29.-In an address
delivered before the Northwestern Ne
braska Bankers association, at Nor
folk, Neb.. April %, Governor Shaw
said in respect to asset currency OF
bank circulation based on assets:
This is not an issue in politics, nor
have we any legal provision therefor.
shall, therefore, not attempt to de-
fend it. l am willing, however, to Sc
on record in favor of an elastic cur
rency. If | believed there was no
other way tC secure elastic currency.
other than asset currency, then /
4&=Fszz@@- Eash an issue.
Il believe that the graduate tax on
currency based on government bonds
would result in elasticity. Permit an
Illustration. but don't understand me
as advocating, or so much as intimat-
ing, the correctness of the scale of tax
alton | suggest.
Suppose banks were permitted to
issue a volume of circulation equiVa-
lent TO one fourth of the capital
stock at a tax, say fourth of one per
cent. Then permit an increase of half
the capital stock at half of one per
cent, then increase again to three
fOurths at relatively increased rate,
then increase again to equal the cap
] it'll stock at one per cent. tax. l be-
lieve it would induce banks to carry a
larger volume of government bonds.
They are good assets, especially for
banks with large deposits. Instead Of
selling these bonds to increase the
cash circulation i'll a time of strin-
gency, banks would keep them on de-
post in Washington, and call for an
increase of circulation to be issued, to
be retired when not needed.
when a western bank now needs
more circulation, more cash it reds
counts its commercial paper and is
compelled to redeem it at given
date, and pay much higher rate. Let
banks be permitted to increase their
circulation when needed, to be re-
tired as soon as the demand for it
ceases. keep an ever present induce
ment to retire It when not needed, and
elasticity is secured.
"Currency based on assets contains,
in my judgment, no element of danger.
except the popular prejudice This
will vanish as the question is discussed
and explained by those who make a
study Of it. The depositor would be
IN DO worse condition than now.
Whenever a bank fails. the assignee
finds its bankable commercial paper
hypothecaied In other words it has
increased Its circulation by sending it's
assets TO some other bank, borrowing
circulation at high rate of interest.
and it does this even after it ceases to
he solvent. 1t GER ainIy would be
, no worse to allow the government to
issue after special examination.
Iowa County democrat. [volume] (Mineral Point, Wis.) 1877-1938, 1902-01-02
O0WIE GOING
10 SETTLE UP

Chicago, Dec. 29.-John Alexander
bowie has decided to settle the claim
Of his brother-in-law, Samuel Steven
son, the English lacemaker, before
next Thursday, the time set by Judge
Tuley for handing down a decision in
the case. SteyensOn's attorney yes
terday received a letter from Dowies
lawyer to the effect that Dowie was
ready to make a reasonable settle
ment. Judge Tuley, it is reported, had
intimated that unless the case was
settled out of court he would appoint
receiver for the Zion lace industries.
Stevenson claimed Dowie defrauded
him out of $15O,O0O His attorney de
clares no amount less than that will be
considered in the settlement
Iowa County democrat. [volume] (Mineral Point, Wis.) 1877-1938, 1902-01-02
AFRIcA's WONDERFUL FOREST.
Its Animal Inhabitants and Oppressive
Loneliness to Man.


George l.. Bates in New York In
dependent.-Thei nexhaustible wonder
of this country ais the forest 1t never
grows familiar. The forest is not a
region apart, but extends everywhere
without a break, except when it has
been cleared by man for his gardens
and villages, or cleft by a river too
wide for it to meet and close over
from the two banks This part of our
planet has a double surface-the real
solid one underneath, and the leafy
one above. Men traverse the solid
surface as if by tunnels in a subter-
ranean region. Paths run from viii
lage to village under the forest. like
those of meadow mice under the
grass
Mankind is limited to the real
earths surface, and can have only
distant knowledge of the world in the
tree-tOps. This is mostly out of his
sight. But the traveller marching along
the forest path often sees and hears
things to remind him of this upper
world apart. He hears the screams of
parrots invisible overhead, hunting
in the tree-tOps for fruits that he can
not see from below. He hears a con-
fusion of rushing sounds like the ar
rival and departure Of trains at met
ropOlitan station, and learns at length
that it is made by the long, loosely
pll~ed wings of hornbills, flying from
tree TO tree as they feed. Here and
there the path is whitened by petals
fallen from somewhere above. 1t is !
useless to try to tell which tree or
vine in the tangle has borne them. |
Where big tree has fallen, CARRYING !
with it all its dependent vines and |
smaller trees, a rift is |
made. Here the eyes, adjusted to the
sub-silvan twilight, are dazzled by
food Of sunshine On the limbs of
he fallen tree are seen growing and
pendent orchids and other
specimens from the flora
If the upper region. One seldom sees
| birds nest in this country; the
birds have their homes in the world
hove mans view
Iowa County democrat. [volume] (Mineral Point, Wis.) 1877-1938, 1902-01-02

sieged by the beers. One of his
brothers, who is a general, has been
ordered home TO raise more yoemanry
in Yorkshire. Another brother, who
was shot twice through the lungs in
the Riel rebellion in Canada in 1885 is
utterly broken in health. He went
there after the rebellion in hope Of
finding a milder climate. On the out
break of hOstilities he was living at
Barberton, 20 miles from Pretoria,
and was taken a prisoner by the beers,
despite his physical condition and
was being tried for high treason when
the British army arrived and rescued
him.
The letters Prof. Bruce has received
have come chiefly from his women
relatives and have not as yet gone
much beyond family affairs. They are,
however filled with admiration for
the courage and strategy of the beers,
| though the writer's hold them very
! false and treacherOus There is no
| intimation that it is unsafe to live
| there, even for a woman. Mining and
nearly all other industries are paral-
yzed, though shopkeepers do big
! business, the great army of 800 900
men making this possible. Many
farms have been deserted, the beers
being as destructive with the torch as
the British. --o'aIe hitherto
quite prosperous have Deen reduced
to want and Prof Bruce with most
commendable Chivalry sends portion
of his salary regularly to his =Etz' -7---~i
sister-in-laW who owns some .----
property and ranch, but can get no
returns from her holdings noH. The
brothers fought through the Zulu and
Matabele wars.
The letters to and from the Trans
vaaI require three months in going
and coming and all pass through the
censOr's hands, being surcharged with
his stamp.
Prof. Bruce says the Transvaal
trouble was inevitable. The rich
mines brought in a tremendous and
resistless tide Of immigration which
the beers themselves encouraged un,
til they found themselves Outnum,
bered by the uitlanders. Then they
sought to Cypress and drive out the
foreigners by eXOrbitant taxes and de
Mai Of a hand i'll the government
Thousands Of these uitlanders were
Of the best English families, educated
at the best universities and holding
most responsible positions as engi
neers, superintendent, architects, etc
and for the beers to attempt to keen
their rich country to themselves by
the means they employed was as flu
tile as the Indians trying to prevent
the colonization of America.
Prof. Bruce thinks peace will even.
tualiy be restored through the de
mand of the people themselves aside
from the soldiery, as Discriminating
was ended in Australia and brigand,
age and hOrsestealing in the west Ly
local organization. The people will
return to their farms and mines and
demand that hands be kept off. Prof
Bruce greatly discredits the reports
OF cruelty on the part of the British
IN fact the letters he receives make
the complaint that the English are toe
lenIent. The gauisOns of towns are
made up largely of beers who have
taken the oath of allegiance and who
are continually deserving and thus en-
aiding guerilla warfare to be main
tanned.
Iowa County democrat. [volume] (Mineral Point, Wis.) 1877-1938, 1902-01-02
Belmont Sustained,

New York, Dec. 29.-The board Of
election commissioners met yesterday
TO hear protests in the Belmont-O Grady
contest over the democratic nOmina-
ton for congress in the seventh dis
trict The board sustained the obiec-
ton to the certificate Of Joseph I.
O'Grady, threw out the objection
against the nomination of Perry Bel.
mont, ordered the nomination of Bel
mont to be filed and his name placed
on the official ballot under the demo
cratic party.
Iowa County democrat. [volume] (Mineral Point, Wis.) 1877-1938, 1902-01-02
CONTROVERSY
AGAIN OPENED
iLE-ARGENTlNE TROUBLE NOT
YET SETTLED.
BIG MINISTER HOLDS OFF
Repr sentative of Argentine Refuses
TO Affix Signature to Protocol Sub
hitting Quarrel to Arbitration
Rotous Demonstration and War
ike Talk in Buenos Ayres.

Washington, Dec 29.-OfficiaI adj
vices received at diplomatic quarters
here indicate the ChiIe-Argentine con-
trOversy is again opened. According
TO these adyices the peace protocol
referring the whole subject to arbi-
tration was signed at Santiago three
days ago, but the action of the Argen-
tine minister in placing his signature
to the document seems to have caused
resentment at Buenos Ayres both
among prominent officials and people.
Accordingly yesterday the Argentine
minister informed the Chilean foreign
office that he was unable to concur
in all the terms which had been
agreed upon heretofore and signed.
IL particular, he specified two points
on which the Argentine government
refused to subscribe; first, the with
drawal of police from Ultima Esper-
ANA province; second, submission to
King Edward VII of England. The
formal refusal of Argentina to sign
has not yet been submitted, but an in
formal statement of the minister to
the Chilean foreign office is regarded
as a serious interruption, if not term
nation of the proposed settlement.
RiotOus demonstrations which Oc-
Cured in the streets Of Buenos Ayres
last night are thought to have result
ed from the signing of the protocol,
and to have been expressive of the
popular disapproval of settlement with
Chile. Popular sentiment in Argen-
tina is very Warlike
Iowa County democrat. [volume] (Mineral Point, Wis.) 1877-1938, 1902-01-02

Of the Illinois Coal Operators associa-
ton and the United Mine Workers CT
Illinois has been not so UGH directed TO
the establishing of a well defined and
elaborate plan Of arbitration or conciii-
ton His experience has shown the
importance of prOmptness whore d'f-
ferences of disputes had arisen.
respect TO the standing of l2or cI gam
cations fore the law, he could TO.
agree with the contention advanced 1y
many persons that the remedy for
abuses practicCd by employers AM
employees is 10 be found in Legislation
which would only work injury to labor
and increase the difficulties Of en-
ployer.
Iowa County democrat. [volume] (Mineral Point, Wis.) 1877-1938, 1902-01-02
TROOPS SAVE WILCOX
FROM BEING LYNCHED

Elizabeth City, N. c., Dec. 29.-The
presence of a squad of naval militia
with loaded carbines is all that pre-
vents an attack upon the jail i'll which
is confined James Wilcox, accused Of
the murder of Nellie Cropsey. Threats
of lynching are freely made. The
feeling against the man is bitter Last
night the saloons were closed by ord IT
of the mayor. County Prosecutor
Ward yesterday swore out a warrant
charging Wilcox with murder. The
preliminary will be held Wednesday
when Wilcox will be held for the
grand jury which meets in March
Iowa County democrat. [volume] (Mineral Point, Wis.) 1877-1938, 1902-01-02
PENNSY'S NEW BUILDINGS.

Nearly Two Million Dollars Will be
Expended in Next Two Years.
Philadelphia, Dec. 27.-In the cree
ton Of buildings in the next two years
the University of Pennsylvania Will ex-
pend nearly $2.O00,000. This amount
will be divided as follows: Engineer
ing building and machinery, $4,000;
gymnasium building and ground, $500,
geo; medical laboratories. 100000;
veterinary building, $150,0OO; add
tons to chemical and physics labora-
tories, 100000. Half of this amount
has already been secured, and the
opening of spring will see many of the
structures started.
Iowa County democrat. [volume] (Mineral Point, Wis.) 1877-1938, 1902-01-02
AGITATION AGAINST
SALE OF INDIES KEPT Up

CopeEragen, Dec. 29.-The agitation
against the sale of the Danish West
Indies has placed the government in ar
carrassing position. There is consid-
cradle difference of opinion as how far
the public sentiment against the sac
is genuine, and how far it is the worl,
Of spectators and promoters. At any
rate. it impressed the foreign minister
to the extent of his being determined
to request Secretary Hay to allow If
an arrangement for plebescite. THIS
matter is to be settled through Copen-
hagen and not through the Danish min
lister c. Brun, at Washington.
Iowa County democrat. [volume] (Mineral Point, Wis.) 1877-1938, 1902-01-02
NAVY WILL USE
MARCONrS IDEA

Washington, Dec. 27.-The navy de-
partment has taken the initial steps
toward the adoption of wireless teleg-
raphy as a means of signalling be
tween warships at sea. To this end
Admiral Bradford of the bureau Of
equipment has asked that the armored
cruisers OF the Pennsylvania class
have the masts and rigging so ar
ranged that the wireless system can
be introduced. The British navy has
already number of ships equipped
with the wireless system, but this is
the first move on the part of the
American navy to make use of the
system.
Iowa County democrat. [volume] (Mineral Point, Wis.) 1877-1938, 1902-01-02
oscar, htlI.d Uy a falling wall.
Badger Clubwoman Divorced.

la Crosse. Wis. Dec 29.-It was
iea'ntd Yesterday that Mrs. Elsie
DI'e Scott. daughter of the late mil
Ilonaire lumberman. Abner Gle. was
secretly divorced from her husband.
Robert \. Scott. by Judge Fruit. Fri
GAY lncomPaubility of temper was
charged. Mrs. Scott is reputed to be
worth million. She is. a prominent
ciuo woman. Scott is ex-postmaster
ana eA-Sheriff and popular in fraternal
ane political circles.
Iowa County democrat. [volume] (Mineral Point, Wis.) 1877-1938, 1902-01-02
coNcuLA-E LABOR AND CAPITAL
american Economic Association Dis
cusses Means to That End.

Washington Dec 29.-Before the
American Economic association yes
terdey. Herman Just, commissioner rf
the Illinois Coal Operators association.
read q paper On Cancellation by Arbi-
tratien Among Miners. He described
the methods pursued with respect 10
the coal mining industry in Illinois
in the settlement of disputes and the
prevention OF strikes by friendly coun-
Gil where self control is the governing
factor, The careful drafting of annual
contracts tends to lessen difficulties
likely 10 arise he said, and the effort
Iowa County democrat. [volume] (Mineral Point, Wis.) 1877-1938, 1902-01-02

two companies would default these
payments and the climax came last
night when it was announced that
both corporations were insolyent.
and would be turned over to friendly
receivers. John NJ Mack and Henry
Tatnall of Philadelphia and John F.
Shanley of Newark were yesterday
appointed receivers of the National
Asphalt company by Judge Kirkpat-
rick of the United States circuit
court
Iowa County democrat. [volume] (Mineral Point, Wis.) 1877-1938, 1902-01-02
RECEIVERS FOR ASPHALT

Philadelphia, Dec, 29.-The Record
says:
In anticipation OF default OF the
payment of fixed charges due Janu-
airy l. arrangements have been made
for the appointment of receivers for
the Asphalt company of America and
the National Asphalt company.
Fixed charges amounting to half
million dollars are due Thursday next.
The report was circulated that the
Iowa County democrat. [volume] (Mineral Point, Wis.) 1877-1938, 1902-01-02
Guam Laments MckfnIey's Death.

Washington, Dec. 27.-Assistant
Secretary Darling has received a dis
patch from Commander Seaton Schroe-
der. the naval governor of Guam, ac-
knowledging the receipt of the official
notice of the death of President Nc
Kinley and enclosing a letter of CON
dolence, signed by the leading citizens
of Guam. A deputation of Filipino
prisoners Of war waited on the gov
ernor and expressed sincere sorrow
for the death of the late president.
Iowa County democrat. [volume] (Mineral Point, Wis.) 1877-1938, 1902-01-02
SGOT}ELO VERY Ill
BUT HOLDS HIS OWN

Grou'o. Nts. Dec 29.-Dr. Stoel-
ting. cxgsoy S,ofeld's physician. said
yesterday ms patient was not cough
ing So much as he had been, but he
As very weak The disease is Is yet
confined to lie posterior portion OF the
lung and 4, somewhat limited in eN-
tent Tho danger lies in the poSsfhil-
~ of its extending,At present the as
ease seems t. be at a standstiIl. Mi.
Scoliefd seems to be holding his own
fairly we'll aud his pulse, temperature
anu respiration are encouraging.
Iowa County democrat. [volume] (Mineral Point, Wis.) 1877-1938, 1902-01-02

London, Dec. S-The Telegraph, in
an article on German Labor Copdi-
tons. admits that several misrepre-
sensations concerning the prevailing
conditions of the working classes in
Germany have been disseminated
They have been conceived partly to
further political objects and partly
owing to inaccurate Judgment.
One of the fundamental errors made
en- this subject was con- aimed in teie-
gram from Berlin to a London paper,
according to which the number of
dismissed laborers was taken as
synonymous with the number of I'M
employed work people. The Union
OF German Working Mems Bureaus
shows that very large number Of
those dismissed from one form OF
work immediately found re-emplOy
ment in another branch. Hence 1t
does not follow that given number
of workers dismissed represents a
similar number of unemployed. Fur
Their. of the latter, large number OF
them have only been partially uuem-
ployed, for reliable official statistics
! are at hand to show that a good deal
of the distress of the latter has been
partially relieved by their OBTAINING
two or three days work during the
| week.
Special examples prove this. AT
one wharf in the north of Germany
! two thousands hands were dismissed
straight OFF, these same men were, as
a body, Immediately and without any
! delay taken over by another wharf,
which was in want of men, so that
| there was no arrangement, but only
! dislOCatiOn of labor Men and women
i have been dismissed from the larger
| factory ccnters and have at once
| found remunerative occupation in the
! smaller towns or the country, the men
at some other branch of labor, while
many of the women have gone back
| to domestic service.
| The above named union is in IA pO.
sitiOn to guagc up to Il certain point
| The approximate number of employed
| and unemployed through it's relations
with the government offices for the in
Surance of work people against SICK
ness and accidents. The work people
are obliged by law to stick stamps on
cards provided for the purpose for
every week or part of a week
! in which they have received employ
ment. The post Office supplies these
stamps in the case of Berlin, during
the month of last October 10000
marks ($5,OOO) less was received for
stamps of this kind than usual, but
during the same month an increase of
precisely this amount was received in
the Province of Brandenburg, which is
the county Immediately surrounding
| Berlin. This showed that the work
Iowa County democrat. [volume] (Mineral Point, Wis.) 1877-1938, 1902-01-02
MISSOURI EMBRACES WAVE.
Biq Battleshtp Launched at Newport
News Navy Yard.

Newport News, Va, Dec. 29-fhe
latilcship Missouri was launched al
the shipyard here yesterday at ll:l2
O'clock. Fully $4,000 people saw the
big defender go overheard. The
launching passed off without hitch,
Hiss Marion Cockrell, daughter OF
Senator e NJ Cockrell of Missouri,
VAS sponsor for the ship and she per
formed the duty assigned her with the
Traditional bottle of champagne, using
bottle Of Missouri product for the
purpose
Last evening banquet was held at
which Ave hundred guests sat down.
Occupying seats of honor were Score
,arics Long aud Hitchcock, Senator
Gockren. Governor Tyler OF Virginia,
Lieutenant Governor Lee of Missouri,
Rear Admirals Melville, Cotton and
a'NeiI. Captain 5. c. Lemly and c, IL.
spencer. first vice president OF the
Louisiana purchase exposition com
rauy
Iowa County democrat. [volume] (Mineral Point, Wis.) 1877-1938, 1902-01-02
Details of Boer Victory.

London, Dec. 28.-DetaiIs were re
ceived yesterday from south Africa Of
the ambuscading near Beginderyn,
Orange River colony, on the twenty
first inst, of 200 mounted infantry by
300 beers and 40 armed natives, led
by Commandant Britt. The British
losses were ten men killed and Is
wounded. The loss Of the beers is not
known
Iowa County democrat. [volume] (Mineral Point, Wis.) 1877-1938, 1902-01-02
SUSPECT CULLoM OF sNoBBERY.
Britons Imagine American Seeks Rep
resentaton at Coronation.


resentation at Coronation.
London, Dec. IA Central News
dispatch informs amused Americans
here that Mr.. CuIlom has introduced
a bill in the senate providing for a
congressional delegation of twelve to
attend King Edwards coronation as
representatives of the United States.
The absurdity of this proposition is
cqualed by it's snObbery. Such a del
cgation would be a source Of unspeak-
able embarrassment to the court. The
Earl Marshal, the Duke of Norfolk,
cannot now find places for those sub
jeCts of the king and ambassadors
who have a right to appear at all GER
cmonies. What would he do with
junketing party Of twelve thrust so
unexpectedly on his hands?
Washington. Dec. Ex-senator Cul-
lOm has not introduced any bill pro
viding for a congressional representa-
ton of American statesmen at King
Edwards coronation, but the PROPOSE
ton has been advanced and seriously
talked over by members Of the foreign
affairs committee Of both houses. and
the men most talked of for the honor
are Senators Cullom, Lodge, Foraker
Clark Morgan and Bacon and Repre-
sontatiyCa Hit. Adams. Cousins w
\. Smith. often and Clark
Iowa County democrat. [volume] (Mineral Point, Wis.) 1877-1938, 1902-01-02

4 NEW GOVERNOR.

Olympia, ue,. 29.-Henry G. Nc
Bride. lieutenant governor, was sworn
il yesterday as governor of Washing
TON, Private fuureal services will be
held at the home of the late Governor
Rogers Tuesday The body will be
taken 70 Tacoma Wednesday where
military funeral viii he held. The re
mains viii then be sent o Pulallup. the
governors home. for interment.
Iowa County democrat. [volume] (Mineral Point, Wis.) 1877-1938, 1902-01-02
No Need of Special Court.

Raleigh. Dec. 29.-While Gov.
Aycock was signing the order for a
special court at Northal pton to try
Peter Mitchell. negro, for assaulting
MRS. Lucinda Hill. white woman, a
Telegram came saying that citizens
had taken Mitchell from the Jail in
jackson and lynched him.
Iowa County democrat. [volume] (Mineral Point, Wis.) 1877-1938, 1902-01-02
Underwriters Bio oss

Ludington, Mich, Dec. 29.-The Pere
Marquette car ferry Muskegon. which
went ashore here a week ago. was re-
leased yesterday and towed into port.
1t is believed the loss to underwriters
will reach $50. 900.