davidaulloa/AmericanStories huggingface dataset:
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1903-06-28

which have ever failed amount to about
twenty million dollars, while the banks
have paid III taxes on circulation over
ninety million dollars. II there had been
no bond security and no assets in the
banks, these taxes would have paid about
four and one-half times the amount of
all the notes of these insolvent banks.
For the whole period from 1863 to 1901,
inclusive, tax of twenty-five hundredths
of one per cent. (0.22 per cent? on the
outstanding circulation of all the banks
would have paid off the notes of all the
insolvent banks if there had been no
bond security and no assets in the banks
which failed.
If, as the present law provides, the
notes were a first lien on all the assets,
a tax Of eight-one-t housandths (o.00S), or
one-one-hundred and twenty fifth of 1 per
cent, would have paid all the notes which
could not have been paid out of the as
sets. The per cent guarantee fund
which it is proposed to provide before
any uncovered notes are issued would on
this basis pay all the notes above the
value OF the assets of the insolvent bank
for 625 years if the proportion Of failures
remained the same. But. it is argued.
conditions may vary, and these figures
are based on experience with entirely
different bank notes. 1t is not conceiv-
able that conditions can so change that
these most extraordinary margins of
safety will not be ample. The figures
are so conclusive that the question of
the safety of the notes in the hands of the
public may be taken as established The
smallest tax which is proposed for the
guarantee fund would be very ample to
secure perfect safety. This tax can be
small that any bank can afford to pay
it without raising the question as to
whether it is paying TO guarantee the cir
culation of a weaker bank or not Tt
need make no difference whether the tax
is turned into the Treasury of the United
States as at present or used to guarantee
the redemption of the notes of other
banks
There are two general uses for money
or currency in our modern business, which
is 50 largely based ON credits and in which
comparatively few transactions are car
ried out by the actual use of money
The first is for use as bank reserves
against deposits or circulating notes.
The second is for the daily current cash
transactions and the payment of balances.
Bank notes should never be used for
their true use being for current
cash business only. Bank reserves should
be gold, or some paper certificates which
ran be Quickly concerted into gold AS
long as the greenbacks are in circulation
Continued on 18th Page)
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1903-06-28
Forty Years Of the Ma
tional System of Banks
Address by u. S. Comptroller of the Currency VIM.
Barrett RidgeIy to State Bankers Associa-
ton of Georgia Last Week

varies from Is to so per cent Fifty per
cent could sbe permitted with
safety, but rs is enough to supply
a considerable element Of elasticity, and
il may be well to begin with the smaller
amount.
1t has been frequently shown. from the
figures based on the experience of forty
years, tnat comparatively small tax
will produce guarantee fund which will
make every bank note absolutely safe in
the hands of the holder. No one need
ever know the name OF the bank issue
ing a note or whether it is solvent or
insolvent He may be sure it viii be re-
deemed Tor its full face value in gold
or its equivalent. These figures have
been published so often it hardly seems
worth while to repeat them, but there
have been so many objections, based on
the possibility Of impairing the safety
of the notes, that I give some of them
again. The notes Of all national banks
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1903-06-28

uniform both IN appearance and IN vaIue
and so perfectly reliable, that they will
refuse to consider any change which will
in any way impair them IN these respects.
There has, however, been one vital and
serious defect in the system since its very
beginning, and that is the entire lack OF
any elasticity in the volume OF the cir
culation This was predicted when the
act was being considered and debated,
and the prediction was fulfilled soon al
ter the establishment of the national sys-
tenn. It is an unavoidable defect in any
system OF currency entirely secured by
bonus Such a system cannot be made
elastic or In any way responsive In its
volume to the factors and conditions
which should determine such volume Its
changes are necessarily too slow and com
phcated by too many other considerations,
such as the price of bonds, which may
have no relation whatever to the supply
Of and demand for circulating notes. The
advantages OF basing these notes upon
United States bonds at the time of the
passage OF the bank act were so great
that it probably was the part Of wisdom to
waive the question of elasticity for the
sake of the greater advantage. At the
present time, however, with the experience
of forty years to guide us, and the neces-
sity of providing a market for bonds al
most removed, it is certainly wise to try
to make such changes as will introduce
as much proper elasticity as is possible,
if it can be done without in any way inn
pairing the good qualities of the notes
In any plans for making this exchange
no.
bond-secured currency. We should not,
if we could, attempt now to radically
change or do away with the present notes
The most conservative and practical sug-
gestion seems to be to make no change
in the present bank circulation. but to
allow the banks to issue in addition to
the present notes a certain percentage of
notes uncovered by any bond deposit, but
against which the banks should be re-
quired to hold in gold or its equivalent
the same reserves as against deposits, and
at the same time TO add to the laws
and regulations in regard to redemption
as to provide very ample requirements
and means for redemption and retirement /
This redemption machinery can and should
be made so complete and effective as to
lead to constant and frequent redemption
OF these notes 1t is also part Of this plan
to provide guarantee fund for the pay
ment of all these uncovered gold reserve /
notes. Each bank will be required 10
pay into this fund per cent. of its I'M
covered notes before they are issued, and
this fund is to be maintained bv a tax
on this circulation. The proportion OF
uncovered gold reserve notes proposed
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1903-06-28
THE DAYS WORK.
New York Times.l

New York Times.)
He left for the Stock Exchange early ono
morn,
And mournfully now he declares
That scarcely An hour had taken its flight
Before he got squeezed by the bears.
He climbed up the IL stairs and boarded
car,
Subject to jolting and joys;
His breath was knocked out, while his hat
was knocked in.
And thus he was squeezed by the hogs
The perllous journey completed at last.
Once more to his home he drew near;
He ran up the steps and flung open the
door
And then he was squeezed by dear.
-McLanburgh Wilson.
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1903-06-28
The Bankers Alma Mater.
New York Press.)

What is the United States Treasury De-
partment used for principally? To pre-
pare young men to fill vacancies in ma
tional banks.
Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1903-04-17
MARI RED.
Morden.RurwelI.

At s o'clock Thursday evening.,at the
home of Mr.. and Mrs. John c. Hell
singer Rev. w. II. Scott united in
marriage Miss Ada Burwell and Mr..
William j. Morden, of this city. The
couple was attended by Miss Nellie
Heisinger cousin Of the bride, and Mr..
Charles Olson. The brides gown was
of white batiste, trimmed with lace and
she carried white carnations. The
gown of the brides maid was of white
dimity trimmed with lace. In the
of forty guests witnessed
the ceremony. The house decorations
were in pink and white carnations.
ferns, and potted plants. A three course
luncheon was served by Misses Jane
Skegg and Ethel Perry.
Mrs. Mordens residence in the city
has been short, she having accompanied
her aunt here from Dubuque, her for
mer home, last winter The groom has
been employed by the Marshall Print
ing Company as pressman for the past
thirteen years, and is we'll known in
the city. Mr.. and Mrs. Morden will go
to housekeeping at once. Their at
home cars read after May 1, at 4O6
Bromley street.
Guests present at the wedding from
out of the city were Mrs. Frank Page
and Miss Birdette Morden. of Daven-
port, sisters of the groom; j. III. Howe,
of Conrad, uncle of the bride; Mr., and
Mrs Frank Hussey, of Waterloo. uncle
and aunt of the bride, and Mr.. and Mrs.
George Chevill, of Maxwell.
Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1903-04-17
ROSS ADAMS WEBS.
Former MarshaIitown Boy Takes La
faYette. Ind, Girl as a Bride.

The Frankfort, Ind, Morning Times
| of Sunday, a copy of which was re-
ceived In the city today, announces the
marriage of Mr.. Ross Adams, son of
Mr. and Mrs. j. O. Adams, of this city,
to Miss June Campbell, of Lafayette.
Mr.. Adams is now located at Lafayette,
where he is employed in large dry
goods store as window trimmer. He
has many friends here and was en-
ployed here in different dry goods stores
prior to leaving for Lafayette, about
two years ago. The Times says:
This afternoon two CT 1.afayette's
ell-known young people will be united
in marriage in this city. The contract
ling parties will be Mr.. Roscoe Adams
and Miss June Campbell. The wedding
will take place at the home of Mr.. and
Mrs. Guy Cox, on South Columbia
street, at O'Clock, Rev. T. H. Kuhn. OF
the Christian church. officiating. Only
Il small number of relatives will be
present. Miss Campbell came over from
Lafayette yesterday and is the guestsof
Mrs. Guy Cox, who is ker aunt. Mr..
Adams will arrive this afternoon on the
] o'clock Lake Erie, and will return to
Lafayette with his bride on the 1869
train.
The wedding will be a surprise to
their Lafayette friends, but it is inn
way an elopement. The bride-elect is
quite we'll known here, where she has a
number of relatives, whom she has fire.
quently visited. She is daughter of
Mark Campbell and is a most estimable
young lady, eminently qualified to pre-
side over home. She has been promi-
nent in social circles in the Star City
and is possessed of many accomplish
ments. Mr.. Adams is an expert win
dow dresser and is employed in one of
the large establishments in that city.
He is thoroughly upright in all of his
dealingsS and is held in high esteem by
those who know him bes.."
Mr.. and Mrs. Adams expect to visit In
this city some time during the summer
with the formers parents. They are at
home at 1913 North Ninth street, La
fayette
Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1903-04-17

William Wulke, c. B. Smith, John
Schiebe, w. M Elliott, William Bait
EEL l.. Il. Lurvey. H. w. Lounsberry,
James Charney, w. r. Fathers, ID. V.
Mclean and e. Kunkel.
Judge Burnham has made another as
signment of eases, a number of state
cases being included for next week. The
assignment is as follows:
Saturday, April Estate of Iowa VS..
William Andrews. sodomy.
Monday, April 20-Elmer Metlin vs..
II. A. Woodward.
Tuesday, April PA. B. Carter VS..
Lee Blink; Scandinavian Bank VS.. G.
Schneider.
Wednesday,. April 22-Florence O.
Sheely VS.. Iowa Central; Mellon VS..
Greene.
Thursday, April Estate of iowa VS..
Albert Bean, appeal from justice court.
assault and battery; State of Iowa VS..
George Livingstone, assault with intent
to murder.
Friday. April 24.-State of Iowa VS..
Anna Pearl and Fred Wescott. lewd-
ness; State of Iowa VS.. Maude Slower,
prostitution; State of Iowa VS.. Lou
Harlan, prostitution.
Saturday, April Estate of Iowa VS..
Joseph Milton, larceny by embezZle-
ment; State of Iowa VS.. Joseph Milton,
obtaining money under false pretenses.
Monday, April 27-Sta;e of Iowa VS..
Nathan Leroy Cook, bigamy.
Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1903-04-17
RETURNS A MARRIED MAN.
Mr.. Charles Olsen, While Visiting at
Rock Island, Secures Bride.

MIR. Charles OISen, WINE WISHING at
Rock Island, Secures Bride.
Surprise weddings seem to be the or
der of the week. and following the two
of Thursday another one is announced
for today. Mr.. Charles Olsen, a clerk
in the employ of e. G. Wallace. while in
Rock Island. ostensibly on a visit, was
quietly married Thursday morning to
Miss Lille Eckhart, of that city. The
following from the Davenport Times of
Thursday evening tells of the affair as
follows:
"a surprise was given the friends of
Miss Lille Eckhart, daughter of of Cor
oner l.. v. Eckhart, when the announce
ment OF her wedding was made this
morning to Mr.. Charles r. Olsen, of
Marsha!ltown, Iowa.
The ceremony was performed at the
parsonage of the Central Presbyterian
church of Rock Island tbs morning at
10 o'clock, the Rev. William Torrance
officiating. Miss Margaret Eckhart, a
sister of the bride, and Mr. III. II. Nc
CaSkrin were the attendants.
After the ceremony the bridal party
was driven to the home of Mrs. j. l..
Hickey, No. sol Eleventh street, Rock
Island, sister of the bride, where a
wedding dinner was served"
Mr.. Olsen arrived home this morning
but Mrs. Olsen will not join her hus-
band for three or four weeks, or until
their new home at 405 East Bromley
street is completed and ready for their
Occtlpancy
Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1903-04-17
WAS A TAME AFFAIR.
Ball Game Between Chicago Players
Rather Much Of Farce.

Chicago'S corps of pitchers and
catchers. together with Kent and Sails
bury, the battery of the high school
team, failed even for brief period to
make it interesting for the American
regulars Thursday afternoon, and as a
result the 800 spectators witnessed a
ball game as much one-sided as the one
the day previous. So far as being a
ball game it could hardly be c!assed
as such, the final score being % to 4
in favor of the "Whitsox." As an ex-
hibition of fast ball by the winning side
those in attendance perhaps received
their moneys worth, for the winning
team certainly played clean and
snappy game, with but few errors.
Such could not be said of the opposing
nine players, several of whom doubtless
played in positions Thursday which
they had never filled before. OF the
nine players, composing what was
designated on the score card as the
Chicago Americans, there We're White,
Dunkle, and Isbell, all pitchers. play
ing in the field. while Sullivan, one of
the catchers, was at short. Kent held
down second, and filled the position
very creditabiy, even when compared
with the fast company he was in. SAL
isbury, behind the bat, caught Owen
without apparent difficulty, having few
passed balls. AS whole the play of
the opponents of the 'Whitesox" was
rather ragged. errors being of common
occurrence and Owen was hit SO freely
the out field was kept on a continual
sprint running down the long hits.
Nine errors, several Of which resulted
in two crossing the plate, was largely
responsible for the big score of the
regulars The Chicago team came over
home but four times, one in the fourth
and three times in the eighth. The
"Whitesox" scored during each turn at
the bat excepting during the first and
fourth innings. The total score was %,
the maximum for any single inning be-
ing seven. Louis Tate acted as umpire.
The teams lined up as follows:
"whitesox'' Positions. American.
Mcfarland -. ..catch. Salisbury
Patterson. pitch. ..Owen
Tannehill $50. ..short 80. ..Suliivan
Isbell ;. 49,. first .s.White
Daily. -. second ;. .. 80. Kent
Callahan ;. J. third >. .. ..Isbell
Flaherty -. left field ;. ..Hollman
Greene -. right field -. ..Dunkle
JoneS{.. ..center held ..Doian
Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1903-04-17
SEVERE ATTACK OF GRIP.
Cured by One Bottle Of chamberlain's
Cough Remedy.

when I had an attack OF the grip
last winter (the second one) l actually
cured myself with one bottle of Cham
berlain.s Cough Remedy" says Frank
w. Perry, editor of the Enterprise.
Shortsville. N. Y. This Is the honest
truth. l at times kept from coughing
myself to pieces by taking a teaspoon
full of this remedy, and when the cough
ing spell would come on at night I
would take dose and it seemed that
In the briefest interval the cough
would pass Off and would go to sleep
perfectly free from cough and its ac-
companying pains. To say that the
remedy acted as most agreeable sur
prise is putting 1t very milGly. had no
idea that 1t would or could knock out
the grip, simply because had never
tried it for such a purpose, but 1t did,
and 1t seemed with the second attack of
coughing the remedy caused 1t to not
only be OF less duration, but the pains
were fur less severe, and had not used
the contents of one bottle before Mr..
Grip had bid me adieu.' For sale by all
druggists.
Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1903-04-17
CHALLENGE BY M'RRlDE & WILL.
Offer to Refund Money if Dr.. Towards
Specific Will Not Cure Any Case of
Consultation or Dyspepsia.


The Mcbride & Will Drug Company
are seeking the worst cases of dyspep-
STA ana constipation in Marshal'town
or vicinity. to test DR.. Howards new
Specific for the cure of those diseases.
In order to secure the quickest pos
sible introduction Mcbride & Will will
sell regular so cent package OF this
medicine at half price. 25 cents.
This specific of Dr. Towards Will
cure sick headache, dizzy feelings, con-
stipation, dyspepsia and all forms of
malaria, and liver trouble. 1t does not
simply give relief for a time; it makes
permanent and complete cures.
1t will regulate the bowels, tone up
the whole intestinal tract. give you an
appetite, make food taste good and d.
gest we'll, and increase vigor. Joy and
happiness will take the place of that
don't care whether l live or die feel
ing.
Take advantage of Mcbride & Wills
challenge and secure bottle of DR..
Howards Specific at half price with
their personal guarantee to refund
your money il it does not help you.
Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1903-04-17
GUARANTEED BY M'eRlDE 8 WILL
Hyomei the Only Cure for catarrh
Which Returns Your Money If Not

Satisfactory.
1t is seldom that druggist has
enough faith in the medicine he sells
even when prepared by himself. to be
willing to refund the money if 1t does
not cure; but Hyomei has cured So
many cases of catarrh among the GUS
toners of Mcbride & Will that they
offer to refund the money to all who
use it and repor. that they are not
satisfied.
Hyomei is the simplest and most con-
yenient remedy for catarrh ever Of
fered TO the public. Breathed thru
an inhaler so small that it can be car
ried in the vest pocket, for a few min
utes four times day, it will absolutely
kill all the germs of catarrh and cure
the disease.
Catarrh can not exist where Hyomei
Is used. 1t has two-f fold action, kill
ing all the germs in the air passages
and lungs and soothing and healing the
.rritated mucous membrane.
Many of the prominent men and
women of the country have gladly given
testimonials to Hyomei. After seeking
relief in vain for years, this wonderful
remedy has cured them of catarrh, AMI
It Is no wonder that they want others
to know it.
Rev. DR.. Stryker, of the oath Street
Church, of New York City, writes:
"Hyomei gives wonderful relief in ca
tarrh when other remedies have failed.
1t has been of great service to me-"
II you have catarrh, accept Mcbride
d Wills proposition and use Hyolnel.
Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1903-04-17
Letter to Mr.. S. r. Goldsmith, Mar
shalltown, Iowa.

Dear Sir: There is going to be, from
now on, in Marshall county good deal
of painting done, that will last In gooti
condition from 3 years up--10 years is
common: we know of 1t good III 10;
and we know no limit seems to be
likely to last as long as the house lasts
under favorable conditions.
The painter that uses this paint Will
get all the business he can do.
Devoe Ready Paint is the paint. /;
looks as good as any; costs no more:
and is ready-no Uniting or mixing 70
do.
The zinc is ground in with the lead
by machinery-yo can't do that.
Test it yourself, if you like; but
there's plenty of evidence for it. We
take the risk of how it turns out -
there is no risk.
Do you want this work?
Talk with G.. ]. Lander .,bout 1t.
Yours truly,
r. w. DEVOE & co.
Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1903-04-17
OBITUARY..
Siai.

Edward r. Slai a member Of the
Soldiers Home. died at the hospital
rather suddenly this morning at 1920
o'clock, after an illness of hut few
days. Death was due to internal hem
orrhages. Slai had been a member OF
the Home only since March 80. He ex-
pected TO leave for his home on fur
Tough Thursday. but as he was not feel
ing we'll decided to remain for few
das,s longer before going. He was 81
years cf age. and was a member of
Company e, Nintieth Ohio Infantry,
having enlisted August 9,>lS62, at Sol
on, Ohio ID was discharged at the
termination % the war, July 81, 1865,
at Camp Dennis, Ohio. He came 20 the
Home from Eldor Wapello county, and
leaves a wife, Mrs Sarah Il. Slai re-
siding at that place Four daughters,
Mrs. Emma Cockrel, and Mrs. Belle
Shaffer, of Ottumwa, Mrs. Gladys M.
Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1903-04-17
MAKE 1T OVER.
Change Of Diet Will Build an Entire
New BODY.

New Body.
People can be entirely made over by
scientific course of food and drink
Even old, chronic diseases and hered-
itary ailments are eliminated by tn,
wonderful processes of reconstruction
under modern methods of feeding.
An illustration is worth attention,
A lady writes: II feel this letter will
exceed all reasonable bounds, but how
can be brief when / have SO much to
tell. First about myself. I inherited
nervous headaches and half invalid
condition. l had to give up tea and
coffee. But some months ago 4 friend
insisted that l start on Postum Coffee
and GrapeNuts breakfast food.
II prepared the coffee myself, caro-
fully, according to directions on the
package and used good cream. The first
cup seemed the most delicious ana sat
isfying drink had ever tasted. i drain
ed it and filled it again, l was impressed
with the idea that it was just what my
starved nerves demanded So / used
Postum and Grape Nuts with good rich
cream. Now for about four weeks l
have been entirely free from hea lachsss
and nervousness, and am feeling unus-
ually strong and we'll. There has also
been marked change in my appear
ance. l ann AZ years old and my hair
is very white, but the haggard. Care
Worn look is entirely gone from my
face, my cheeks and body have fillai out
the face shows a fine color, flesh firm
and smooth, eyes clear and lips red.
My friends comment on the change and
say / look Is years younger. They are
incredulous when tell them that skill
full feeding on scientific food like Grape
Nuts and Postum Food Coffee has
wrought the change.
sNow as to my son 26 years old who
has been afflicted with epilepsy frolh
infancy. l hardly dare tell the facts,
but he is here in the body to prove
them. He has had the best treatm INT
in this country all without percepta-
BILE benefit His memory was gradually
growing weaker AT the time started
on Postum and Grare-Nuts he started |
also, and the change in him has been
SO wonderful that can hardly describe
it. Now he carries himself erect in
stead of in his former careless way, mis-
eyes are clear ami bright, and best of I
all his memory is growing stronger ana
stronger every day, until | am fairy
overcome with astonishnen. He
shows a decision of character quite I'M
usual and has lately expressed a desire
to study. / dare not say what hopes
his Improvement has raised.
st is perfectly evident that bodies
and brains can be rebuilt by skisful
feeding and that means Postum Food
Coffee and Grape Nuts" Name given
by Postum Co.. Battle Creek, Mich.