davidaulloa/AmericanStories huggingface dataset:
The independent., 1903-04-30
A REPETITION OF 1888
mer Communi Ca tion-Advises Cau-
ton BY w es tern Bankera

Editor independents The meage:
and unusual form of press dispatches
giving the Saturday statements of the
New York clearing house caused me
to make quite an error in my last two
statements about the withdrawal Of
United States deposits, which more
explicit information enables me to
correct. | was surprised at what ap
peared to me to be so large a with
drawal Of United States deposits. With
the more complete reports before me,
l am able to interpret correctly the
press reports.
At no time since the issue of the
last abstract of the condition of ma
tional banks by the comptroller, in
which it was shown that all national
banks in New York held United States
deposits ouIting to about $4,000
600. has there been in the national
banks belonging to the New York
clearing house less than $40,00O,000
CT government money, until during the
last three weeks when the deposits
were reduced to less than $37, 10000
The United States funds in these
banks ON Saturday of each week from
February to April 25 were as fol-
The independent., 1903-04-30
President Roosevelt in Omaha
THE STRENUOUS PRESIDENT OF
THIS GREAT REPUBLIC IS A
GUEST OF THE COMMON
WEALTH.
ne SPEAKS AT the COLISEUM
And Will Be Greeted by One of the
Great Audiences for Which the
Ak-Sar-Ben Den Is
Famous.

When President Roosevelt was
forced last year to abandon his visit
to Omaha by reason of trolley acci-
dent in New England, he promised
at as early a day as practicable to
see and speak to the people. He comes
now with the city in spring dress. The
glory of the Ak-Sar-Ben Festival will
not greet him as he drives through
our wide streets, but the
WELCOME is EQUALLY CORDIAL
and the hospitality We shall extend
quite as generous. Coming from the
wilds of the west and recuperated by
his mountain outing, the president
will enjoy the reception he is prom
ised. AS he is escorted through the
city and views the substantial growth
of Omaha, his attention may be di-
rected to our factories, our packing
houses, our jobbing establishments,
our railroad shops and the general
air of prosperity. He cannot be per-
mitted to overlook ...
THE BANKERS RESERVE LIFE,
which he will find snugly housed in
its home Office in the McCague build
ing. Some public spirited Omahan
cannot fail to remind the distin-
guished visitor that this aggressive
young life insurance company is forg
ing forward at a pace which surprises
it's alien competitors as much as it
pleases those loyal people who be-
lieve in building
GREAT FIDUCIARY INSTITUTION
here in the central west which shall
take rank with the monster companies
combined now into the Life Insurance
Trust Although SO young, the Bank
ers Reserve Life association, against
the most malevolent, persistent and
united antagenism of the trust has
placed upon Its books more than S.
100000 of the best risks ever written
by life company.
B. HI. robson, PRESIDENT
of this company, promises that this
Nebraska organization shall have
$10,000,000 at risk before the year
closes and he believes before Theo-
dore Roosevelt's second term is con-
cluded the $25,000,000 mark will have
been reached and this will be one of
the greatest as it is now one of the
safest life corporations in America.
The independent., 1903-04-30

defy competition. A customer once
almost always becomes a steady pa
tron afterwards. The stock is COM
plete in dry goods, groceries, shoes.
ladies' and gents furnishings and
many other departments. Mail orders
are given prompt attention and satis-
faction is guaranteed. Call at the
store, south of the postoifiee, or write
for what you want. Mention The In
dependent and if you are not satisfied
Well see that your money Is refunded
The independent., 1903-04-30

The season for buying spring and
summer goods is here and those in
terested should not fail to examine
the splendid stock that Fred Schmidt
& Bro. of this city are showing. This
is one of the oldest firms in Lincoln.
Established for more than 80 years
with thousands of customers they. are
now able to offer the best that fac
tories can produce and at prices that
The independent., 1903-04-30

Decrease ..............$ 1890 200
This shows a shrinkage of loans,
between the two dates, of $49,583 500
and a loss of $75,616,000 of deposits.
Only about $30OO,OOO of this vas
United States deposits. The collection
of loans would replace the cash lost
by withdrawal of deposits except $685.
032,400. The $16,960,20O decrease of
cash held would still leave $9,072 200
unaccounted for. This indicates a
greater shrinkage of loans than re-
ported, or that the cash held on last
Saturday was less by that amount
than stated. Whatever may be the
errors in the original statement or In
the transmission by wire, it remains
certain that these banks have lost a
large amount of their deposits during
the last two months, and have been
compelled to decrease their loans to
meet that loss.
There was one time during the per-
iod-week ending February 28-when,
according to the press reports, there
was an increase of United States de-
posits to over $52,O00,OOO. If this is
correct, it was only a temporary de-
posit of about $12,O0O,O0O, intended,
no doubt, to help these banks meet
an emergency. It was withdrawn the
next week and the United States de-
Tosits reduced to about what it had
been before, and at what it stood af-
terwards until the week ending April
11th.
Too much reliance must not be
placed upon these weekly statements.
If not originally intended to deceive,
the figures may have been changed in
transmission. No confidence at all
can be placed in the press reporters
comments. One press reporter of the
statement for last Saturday called it
an excellent statement" and said
that cit checked decline in prices,
etc" Another-Cincinnati Enquirer
said there was a comfortable gain of
S5,056, 100 in cash. Thas reporter il
lustrates the want of accuracy or
knowledge by saying, 'There was
singular expansion of loans of $4,-
$4,000" when Immediately afterward
be copies the statement that shows 4
decrease of that amount in loans.
The so-called excellent statement
shows no change in the situation ex-
capt th:,t the banks have collected
the amount above stated of their
loans, and added it to their cash on
hand.
The fact remains that, during the
last two months, they have lost near
iy $76,060,000 of their resources, and
lave NOT been able to replace the cash
taken from them by withdrawal Of
deposits by almost $17,000,000.
Fow long and to what extent this
withdrawal of deposits and shrinkage
Of credits can go On in New York and
their cash reserves be maintained, so
that there will remain even a small
tankers' surplus that can supply bus
mess, remains to be determined Some
fine morning the banks outside of New
York may awake to find that the re-
serves they have deposited there are
not available. These New York banks
are now relying on remittances from
the west to keep up their cash re-
serves. The occurrences of 1893
when it was so difficult to get western
reserve deposits out of New York
may be repeated.
FJAVIUS J. VAN VORHIS.
-
The independent., 1903-04-30

This difference in the figures from
what | before stated does not make
the situation any more favorable, but
rather less so. No part of the dis
turbance in the stock markets, how
ever was the result of the withdrawal
of United States deposits. 1t appears
equally certain that the government
has reached the limit of its ability to
The independent., 1903-04-30

One of the New York trust compa-
MES has Just declared an extra divi.
dend of 40 per cent, following regular
yearly dividends of 60 per cent. A
New York trust company as now man
aged is simply bank that keeps no
reserves.
The independent., 1903-04-30

assist these banks by loans. All they
can hope for from the assistant treas
urer at New York (who, by the by, is
a member of the clearing house, is
what is received from the weekly col
lection of revenues, the principal
source of which is duties on imports.
There are ten national banks in
New York not members of the clear
ing house, that, of course, are not in
Guided in its reports made every Sat-
urday.
The latest detailed report which
have been able to obtain is that OF
March Z, and from this it appears
that more than half the national
banks in the clearing house were, OF
that day, short in their reserves. A
comparison of the statement of last
Saturday, April %, with some state
ments made a few weeks ago, say
February Il, will be profitable to those
who are interested.
Loans and discounts
February 21......., ,.......$ $3.50, ,208, ZOO
priJ Ok Q0O eoS Inn
Daily new dominion. [volume] (Morgantown, W. Va.) 1897-1906, 1903-07-22
PRESIDENT RECEIVES.
Number of Summer School Guests of
Dir. and Mrs. PurintOn.

DIR. and Mrs. d. B. Purinton gave
a reception at their home on High
street last evening for the students
aud instructors in the Summer
School. A large number attended
and the evening was spent in a most
pleasant manner.
In the receiving line were DR.. and
Mrs. Purinton w. j. w. Cowden.
Mrs. Moore and daughter, Miss
Susie Moore.
Mrs. Haworth delighted the guests
by singing several solos in a most
charming manner. DR.. Haworta ac-
companied her on the piano. Dean
Wrightson accompanied by Mr.
Lawrence sang with his usual fine
effect.
Miss May Purinton presided at
the punch bowl, which was artisti-
cally decorated with golden rod and
blue ribben, making the proper
shades of the University colors.
Refreshments were served on the
lawn beneath the light of chinese
lanterns. The reception was a most
enjoyable one in every particular
Daily new dominion. [volume] (Morgantown, W. Va.) 1897-1906, 1903-07-22

A STRAW hat with every pair OF
Shoes at Zittel's.
CATAwBA grape juice strengthens
and refreshes you, Ask at the City
Fountain.
Now is the time to get shoes and
save money at Zittel's.
PLAYING cards al the Acme.
NOTHING bat the purest fruit iuices
used in Ice cream soda at Ream's.
A STRAW hat with every pair OF
Shoes at Zittel's.
EVERY pair guaranteed lust the
same at Zittel's.
HONEST values In pocketbooks at
the Acme.
WEAYER'S Grocery Is crowded with
ustomers buying table supplies cheap.
WHEN you get anything at the Cafe
kaszer you may be sure that is the
best TO be had.
Ed. Nj. Heermans and wife return.
ed to Kingwood today for a short Wis
it TO their home. Mr.. Heermans viii
return ia a few days to continue som,
advertising work for The Keysfon In
dustrial Company and others.
SEE Chaplin and Warman for fin,
hardwood finish. Oak front and in
terror doors ca rIied in stock. Har,
wood flooring speciality, so Walnu
street near wharf.
Daily new dominion. [volume] (Morgantown, W. Va.) 1897-1906, 1903-07-22
PRESIDENTS HOME.
Will be Especially Adapted to
Entertaining Large Parties.

DIR. Pnrinton's Own Suggestion "A
Wide Porch, Large ParIor aud Hal
on Third Floor the Features -Strue.
ture will be of Brick or Stone Com
mittee Appointed to Secure Dean OF
Law School.
The Board OF Regents are still Civ,
ing their time TO selection Of plans fos
the presidents house The planr
submitted are, on the whole, very
satisfactory, and with few changes,
perhaps, will be adopted. This will
be done this afternoon.
The house will be especially adapt
ed to entertaining. The plan was
suggested by DR.. Purinton himself,
and meets the approval of the Regents
The house will be situated on the
ground selected just above the Fife
cottages. The feature Of the outside
will be wide porch, extending around
Two sides
The plan for the first floor provides
for very large parlor, breakfast
room, and a large dining room, and
an office. The second floor will be for
sleeping rooms. The whole third floor
will be large hall, suitable for serv-
Ing refreshments, or the gathering of
a large number OF people. The struc-
ture will be of stone or brick, and is
to cost about SIS, 900,
President Cowden, and Regents
Gallaher and Trotter were appointed
a committee to secure Dean of the
Law School. This committee will be
to report at the fall meeting
The formal resignation of Dr. S.
w. Fletcher has been received, but
no action has been taken yet twill,
of course, be accepted.
The work of the Board at this time
will probably be finished this after
noon, but the members are not all sure
about it
Daily new dominion. [volume] (Morgantown, W. Va.) 1897-1906, 1903-07-22
ADVERTISING PAYS.
Randall Lot Sale owes its Success
Largely to that Source.

The Randall lot sale was a success
in spite Of the adverse weather condi-
tions for no other reason than that it
was well advertised. The columns
of the newspapers were used freely
and effectively. Attractive posters,
convincing pamphlets and circulars
replete with desirable information
were judieiously distributed. The re-
suit was little less than phenomenal.
The successful management of all the
advertising was due to Ed NJ. Heer-
MANS. s-s=a----A-.-sAA.s-a
Anybody in any kind of business
can attain the same results by a liber-
al use Of printers ink. Not every one
can afford to go into 1T quite as extern
sively as did the Randall company,
perhaps, but all can Use the columns
of the NEW DOMINION without the
expenditure of very much time or
money. The more brains you put
into your adj, the larger returns will it
bring. This is the only thing that
will make your space pay better than
your neighbours.
Daily new dominion. [volume] (Morgantown, W. Va.) 1897-1906, 1903-07-22
Judge Mason Again Says No.

Judge Mason has been asked
about his candidacy until he has
writer's cramp in writing replies and
has talked until his throat is tired.
The last time that he has answered
he talked just as he did in the star,
only more so. He says that he is
not an active or receptive candidate
for Governor and does not want it at
all. He wouldn't know what to do
with it. He likes to sit on the bench
and will stay there if people will only
allow him. And the court thinks
they will
Daily new dominion. [volume] (Morgantown, W. Va.) 1897-1906, 1903-07-22
c. e. ECHO MEETING
To be held at Presbyterian church will
hear Experiences Of w. W. Smith Tho
was Delegate from Here.

| AT the echo meeting in the Presby-
terian church, Sunday evening at /
o'clock, Mr.. Smith will give some OF
bis experiences and impressions of the
wild and woolly vest and Of the
great Christian Endeavor Convention
which came to an end week ago at
Denver. The report is to include
some of the many novel and curious
experiences of the party OF seventy
seven West Virginians who left on a
special over the b. & O. S. w. from
Parkersburg, July 6. The side trips
up Pixies Peak, where mercury stands
at 30 degrees f and where water coils
at 184 degrees instead of 2l2; to Grip
pie Creek and Victor, the richest gold
fields in the world; up Cheyenne Can
yon, over the famous Loop" and
through the 'sGarden of the Gods, -
all contributed to make the trip one
OF the finest manageable. Denver
the Beautiful-the City of the Plains
with the substantially of the east
and the push Of the west, opened its
arms wide to the Endeayor hosts and
established its reputation as the Queen
of Convention cities.
The convention itself, in many ways
the greatest ever held, full Of inspira-
tion and power, under the influence of
the pure ozone of Denver and the ora
tory of some of the most eloquent men
In the country, together with the mi
raculous escape of thousands when the
great tent blew down and the praise
services which followed, was the chief
object of interest and will stand for
long time as the high water mark of
Z. Il. Conventions. The delegate will
make as full report of the program
as the time will permit
The other G. E. societies of the city
expect to meet with the Presbyterians
and join in the echo meeting.
Daily new dominion. [volume] (Morgantown, W. Va.) 1897-1906, 1903-07-22
SPECIAL DEED BOOKS.
Saint Louis Union Trust Company and
Keystone Industrial Company Have
Them Made.

The Saint Louis Union Trust Com
pany and the Keystone Industrial
Company have each requested thai
special deed books be made, with their
name on the back for recording all
the deeds made to or by either compa-
ny.
This is the same company which
bought the James NJ Guffy Coal In
this county, and is supposed to be a
Wabash Syndicate. The ordering OF
this book would indicate that thesWa-
bash expects to have a great many le-
gal papers to record in this county.
In the case OF the Keystone Com
pany, there will be considerable saw
ing Of time tothe clerk. The blank
forms for deeds will be printed right
in the book, so there will be nothing
to do but eli cut the blanks when
deed is to be recorded.
About fifteen deeds made by the
Keystone Company were filed for rec
ord yesterday.
Daily new dominion. [volume] (Morgantown, W. Va.) 1897-1906, 1903-07-22
Teachers in Predicament.

County Superintendent L. Way
mon Ogden is here from Morgantown
arranging for the teachers examina-
tiou which will take place here
Thursday and Friday of the present
week. He is in doubt as to whether
the certificates of those who passed
the examination will arrive from
Charleston or not before the exami-
nation. In the event they do not
not come before the examination
begins, some OF those who took the
former examination will be in a pre-
dicament, as they will not know
whether or not to take the second
examination. = Clarksburg Tele-
gram.
Daily new dominion. [volume] (Morgantown, W. Va.) 1897-1906, 1903-07-22
Marion Harland.

A very interesting feature OF the
Sunday edition of the CHICAGO Rec
ORD HERALD, and one looked for by
every woman reader of that paper, is
the page devoted to Marion Harland.
Under the heading "The Housewives
Exchange" queries and answers appear
on subjects which conscientious house
wives enjoy discussing, Wholesome
advice is given about the care of chill
dren and how to make home beauti,
full and attractive.
On the same page are also to be
found some of Marion Harlaud's ia
nous recipes She is considered an
authority on this subject, many peo-
pie making it practice to preserve
her recipes when they are published.
A word about Marion Harlond her
self. Thousands of people who have
read her articles are DESTROYS of know
ing more about her. Her real name is
Mary Virginia Terhune. She was
born in Amelia County Virginia, Dec.
81, 1881; received a good education:
married Rev. Edward Payson Terhune
In 1865. Besides writing for the press
she is the author of a large number of
books. She has summer home called
Sunnybank at Pompton, N. j., but at
present is living in New York City.
Daily new dominion. [volume] (Morgantown, W. Va.) 1897-1906, 1903-07-22
Locals and Personals.

heep your eye on Chaneery Hill.
2l6 High Street, Toilet Water
Reduced.
Ice cream will be served at the Cafe
kaszer this evening.
COME before six during July and
August. -Zittel.
MEAtER'S Grocery sells best fruit
jars; half gallon size. 81 cents Az -.
quart size, AZ cents. 80
EVERY pair guaranteed lust tho
same at Zittels.
Fred L. Barnes has been visiting
his parents in Pittsburg for several
days.
Joseph Marsehner is quite Sick AZ
his home In Seneca. He caught !
severe Geld and pneumonia ii threaten
ed Ills friends hope for bis early
recovery.
Daily new dominion. [volume] (Morgantown, W. Va.) 1897-1906, 1903-07-22
ROLL OF SOLDIERS.
Names of Frenchmen who Serv.
ed in American Revolution.

A gift to Trans-Alleghany Historiea
Society Rare Publication = Trans
Allegheny society needs Re organiza
tion-Coi. Fast was Active Head o
Society.
A copy Of the rolls of the French
| soldiers and sailors, who assisted The
United States ia the Revolutionary
war has been received by the Trans.
Allegheny Historical Society. 1t will
be placed in the University Library,
where any one who may have had rela-
tiyes in that war among the French
troops can look up the names.
The volume was sent to this Society
of which Col r. Il. Fast is PRESIDENT
and Hu Maxwell secretary, through
the Secretary OF State, Mr.. Hay of
Washington d. G. The Trans ALLIE
gheny Society appreciates the distinc-
tion OF having secured one of these
rare volumes.
1T was through the courtesy of the
Ambassador OF France at Washington
that the Secretary of State
had placed at the disposal OF
this government 275 copies of this
work.
The French government had
published limited edition OF the
work, only eight hundred copies. The
two hundred and seventy. five were
gift to this government.
A great many periodicals and docu-
ments of history have been received
by the Trans Allegheny Historical So
clety in exchange for its own publica-
ton. But these are destined TO be
discontinued II something is not done
to revive the society and supply it
with some working funds.
The society was organized in the or
summer of 1901, with Col. r.
e. Fast, president, Miss Dan
iels then professor of European history
in the University, secretary, Hu Max
well, Treasurer, and Prof. S. B. Brown,
curator OF the historical collection.
The publication of quarterly maya
zine Of history was undertaken and
four numbers were issued, when more
than all the funds supplied to the So
ciety by payment of membership fees
were exhausted and publication had
to temporarily suspend.
Miss Daniels soon left the state. and
practically all the work of the society
developed upon Mr.. Maxwell, the
treasurer, Col. Fast has now been
compelled to leave the state, perhaps
permanently, and the@sncietY is with
out an executive head.
There is great field in this and ad-
Joining states for the collection and
OF the sources of history
Of the trans-Allegheny country, and
this society should have mass meet
ing and reorganization, and start ac-
lively to work again A little assis-
lance from the state legislature would
enable it to collect much valuable his
tory each year, and prepare it for pres
ervation. The Charleston society re.
ceiyed an appropriation of So, 400 from
the last legislature, which was scaled
to 81, 200 by the governor. This is for
two years. The Trans-Alleghany So
ciety could add an interesting collec.
thin to the states historical literature
each year with an appropriation OF
5000.
Daily new dominion. [volume] (Morgantown, W. Va.) 1897-1906, 1903-07-22
SANITARY OFFICER.
Will be Appointed by Mayor to look
after misunderstanding Places in
the City.

In accordance with the instructions
OF the city council Mayor McGrew has
decided to appoint D. L. Garrison san
itary policeman Of the city 1t will
be his especial duty to look up places
in the city where filth is allowed to
accumulate and sources of contagion
exist and to compel the owners to
clean these up, remove the cause of
contagion and keep them clean.
The officer will not be required to
perform any duties other than this and
ne will be supported by the mayor and
council in enforcing cleanliness and
sanitary conditions. This is one of
the most credltable things the coun-
Gil has done