davidaulloa/AmericanStories huggingface dataset:
The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1903-08-11
Assets Currency.

To the Editor of The Journal.
Will you kindly enlighten your readers
on the meaning of the term asset cur
rency,' which we read so much about Of
late? Also, should like your view as to
whether or not you believe asset currency
to be a good thing. Nine republicans out
of every ten indorse Il h J urn al s
position ON the tariff question: and hope
it viii Island pat. "A. l.. M.
Fairnont Mimi, Aug. Z.
Assets currency means bank note cir
culation based on the assets of the issu-
ing bank. AS applied in current discus
sions Of the American financial question
it means that the national banks shall be
empowered to issue circulating notes Sc
cured by being first lien on all the as
sets of the bank that puts them out ;.
The object Of assets currency is to IA
cilitate the transaction Of business by Gre
ating a flexible currency. To prevent in
flation beyond the legitimate needs of
business it is proposed to tax the circula-
ton when it passes above a. certain point.
An American who wishes to study the
assets currency system in successful prac-
tice has to go no farther than Canada.
There it is combined with the branch
banking system, to which Americans dc
not take very kindly. 1t seems to work
perfectly in Canada. Altho there is nc
tax on the circulation there and the banks
are permitted to issue notes to the full
amount Of their capital, they have neEel
yet issued that amount, and the circula:
ton rises and falls with the demands o:
| business.
/ Financial experts say that American ma.
tional bank notes are not real notes, no
being issued by: the banks directly, bu
after. government bonds have been depos
tied to secure them. In other words, ou
American banks are deprived of the RICH
to exercise one Of the most important ant
useful functions of banking.
1t is generally agreed that the nationa
bank circulation of the United States il
a very unsatisfactory substitute for tn
note circulation Of other countries It /
based on the national debt, which is likel
to be entirely extinguished in time am
will certainly become too small to afford
sufficient foundation tor the required cir
Iculation.
i The Journal has been an earnes
tchampion for some years of more elasti
The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1903-08-11
MINNESOTA POLITICS

The Northfield News was discretly 81
lent on the Lochren decision last week,
but kept up its warfare on the third-term
DOGGY. 1T IS continually evident that the
proprietor of the News cannot forgive
Governor Van. SAINT for getting renomi-
nation in the face of Mr.. sHeatwole's ex-
pressed wishes. The fiasco which ended
that anti-Van SAINT campaign leaves some
thing ranking in his bosom, which finds
expression in such as this: x.
An analysis OF the situation will hardly
reveal any strong popular demand for the
governorship the first time out of COM
passion. The second time he got it on a
bluff which. no one had the nerve to call. -
This IS the first time Joel has admitted
the lack of any valuable quality.
That outspoken independent, the Itch
field Saturday Review says:
Frank Eddys recent speech would
have had better ring had it been in line
with his record as a congressman. A can
didate for governor standing only on a
tariff platform Is not what the people want
when 50; many state planks are lying
around lOoSe.''
Perhaps Frank thinks the proper time
to discuss state issues is during a cam
paign. However, he ought to give some
| indication of what he thinks on state is
sues before the convention meets, SO the
platform makers can draft one to fit the
| candidate. s.|
+ The brethren in Wadena still love one
another, as one can see by the following
from the Pioneer Journal:
"That thing Of beauty and joy, more
explicitly known as the Babcock guberna.
torial boom, seems to have been mystic.
riously lost in the shuttle the past month
somewhere between here and St. Paul
For further particulars see small bills"
| The Babcock boom still survives, in the
columns Of the Houston Signal.
It is a little early yet to call the roll O.
governorship nominees There may pt
others between now and March 1.
The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1903-08-11
THE MINNEAPOLIS JOURNAL.

currency system, but has hesitated to sup
port emphatically any particular remedy
for the situation. We have sympathized
with the opposition Of western bankers to
the branch bank system which in practice
has sometimes been united with assets
currency. tho. we have had a,good assets
currency in. the United States without
branch banks. Owing to the prejudice
that exists against anything that seems
to give the banks more power or more
opportunity to- make profits, and the recol-
lection Of wild cat'' days. public opinion
does not yet seem to be quite ready for
an assets currency. There can be little
doubt, however, that eventually we shall
have such a system, tho it may be little
like existing systems in other countries,
and we may reach it by number Of steps,
the first being, perhaps, some such extern
sion of the national bank circulation as
Senator Aldrich proposes.
The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1903-08-11
Wheat Acreage and Values.

: While the wheat crop will be short this
wear, there will be no crop failure" in the
northwest It must be remembered that
the acreage lost to wheat has gone into
other equally valuable crops, such as par
ley, oats. corn, etc, which will bring fully
as much, and possibly more money into
the northwest than would wheat alone,
= The probabilities are that Mr.. Jones
estimate of 147,OOO, 900 bushels Of wheat
for the three states is conservative. II
anything he is likely to be over the fig
ure rather than under it, from anxiety
not to make too sensational report.
For the last twenty years the newspa-
pers, the agricultural papers, the farmers
institute speakers and others have been
urging the farmer "to diversity" Every
body has been preaching "diversified
farming" 1t should not be surprising
that after so many years and so much
talk the farmer has to some extent taken
this advice.
Especially is this true in the older Sec
tions Of the northwest, where the land
is wheat tired" but will produce excel
lent crops Of other kinds.
A recent trip over parts of southern
Minnesota showed very little wheat, while
barley was very much in evidence A
great many farmers are trying a little
oats or corn with their wheat
The important fact to keep in mind is
that the acreage that has gone out OF
wheat has gone into something else and
;e,j thIo n
will profit as much, or more, than it would
under a wheat crop Of 100000 bushels
of so or 60 cent wheat
The wheat crop seems to be a disap-
pointment almost everywhere, and 1t neeo
not be surprising to anyone if the farmer
who has plenty of cash nowadays, ano
'does not have to SELF to make good
gets a good round price for his wheat
He would be foolish if he did not Not
withstandng the large crop Of wheat II
Kansas, the wheat is not coming in. The
Kansas City Times in a. recent editoria
gives this reason:
The farmers it is to be noted are be
coming more philosophical about selling
their grain. The disposition to rush i
to market in order to turn 1t into casl
Immediately is passing away. Nowaday'
they are stacking large quantities will
the expectation of selling it from tim
to time as the price goes up. The neet
of ready money is not nearly so genera
as it was a few years ago and man!
growers who do not anticipate any grea
advance are holding their grain simpl!
because they have no present use for tn
cash. j..
Whatever the reason may be, car
shortage interior milling demand or farm
ers holding, the fact remains that tn
wheat is not coming forward as it should
The receipts in the northwest are ais
away under last year and people VIII
want the wheat and must have it ar
bidding from 90 to 81 cents for the cas-
article to-day.
1t should not be surprising to anyon
if large round heaping bushel of whea
this year called for large. round, usefu
and valuable silver dollar.
It's worth it.
The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1903-08-11

FTOn PERSONAL MoHIlOn COluulI
Will Twiss Of R1chmondville says he
knows it to be a fact that men do not en-
joy summer as much as women do, for the
reason that they never know the joy of
taking off their corsets on hot night.
Joe Borem Of Forester township says
that several pretty girls in that neck of
the woods are receiving surprising lot
of attention, considering the fact that not
one of them knows how to fry an egg.
Miss Nora Marks of Greenleaf township
was under the impression that an engage
ment ring was worn around the neck like
a. dog collar, and opened her big brown
eyes in establishment when her father
asked her if she was an English setter.
Dink Bolts Of Washington township is
by no means Chesterfield in appearance.
Blue overalls, with one dirty, suspender and
a hickory shirt, constitute his entire sum
mems outfit, altho he is well able to
wear better. Dink contends that no man
ought to wear stiff-bosomed shirt, stiff
collar, or cuffs, because they are merely
degenerate developments Of the steel arm
:or Of the ancients.
The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1903-08-11

There is every indication in the Apple
ton Press Of last week that Uncle Jim bet
30 cents on the wrong team. He says:
Baseball is the most hideous wart on the nose
Of civilization
The burg with the rankest baseball effervesc-
ence IS the last town to enjoy the luxuries of
civilization and to-wit public libraries and good
schools and clean city government.
The hardest thing to beat is the Sweet Caporai
sport headed for u cheap game with livery
team and a yellow haired kitten and so cents
in his south pocket.
The game of baseball attracts parasitic and
producing element into the town that eats
into public economy like scab. If we had to
support as many orphans and widows we would
beef like Russell Sage at one-mill tax. Base
ball professionals elnanate generally from Perox-
ide e, street and die on the United States pension
| roll If craps and penny-ante and baseball were
abolished the fans would be eating grass along
| the roadside
| woman at ball game is like the pearls
before swine business. A lady attending game
should take precautions to apply the limit of
Fozzoni to the outside Of her face and not
less than quarters worth Of pepsin tutti-frutti
| inside to guard against any stray fouls.
They say the game is fascinating; SO is mum
| blety-peg to some people,
Is the Sweet Caporal sport blowing
Uncle Jim's half dollar for his all
| fainter?
The Dassel Anchor dragged on the way
!
the coal question. At least the paper sai6
last week: .. t.... --
| Coal dealers calmly announce that coal will
| advance in price every month because the rail
roads ''anticpate'' the ''usual shortage in cars.
| Now, wouldn't that make you late for church
| Roaming revolutionary bands" in this
country are lynching suspected criminals
I roaming revolutionary bands in the
l Balkan states are out after the govern
ment. In either case, If they continue
they will make the earth wherever the,
are not suppressed a second edition of thu
celestial bad lands.
The new baby was named Grover JET
fersOn Cleveland. The middle nam
honors two great Americans, Thomas an,
Joseph. ...*....'
+, FL Rye, Cuba. June 1.-THE America
firm installing the electric light plant her
has noticed a remarkable phenomenon.
seems that in many parts Of the cit
poles were not raised to carry the wire
The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1903-08-11
BOOKS MADE OF WOOD,

There is at Cassel library probably
unique in the world. It is bound in tim
Der, printed on timber pages-possibly
from wood blocks and deals exclusively
with timber. The library in question is
the Holzbibliotek, which was compiled at
the end of the last century by Karl
Scheldbach, and is composed of about 500
volumes made from trees in the park at
Wilhemshohe. Every volume bears on a
tab-not in timber, but queerly enough
in morocco-the name of the tree from
which it was obtained. There are plates
of the tree in all stages Of it's growth.
and the letter press is treatise on the
foresting and natural history Of the tree
The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1903-08-11
What Governor Should Be.

y, kAlCKl1 age.
This is from Joel Heatwole's Faribault
Journal:
There are certain things which gov
ernor of SO great a state should be-.
In the first place, he should be more
concerned with the states interest than
with his private political fortunes
3 He should be loyal to his friends.
He should be man who never breaks
a promise. I. 2..s
He should not be man who poses
Now in the face of these how in the
duce can Joel become a candidate for
governor?
The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1903-08-11

Yesterday the 100000 of Minneapolis
per cent bonds were taken at a fair
premium, and the 100000 Of 31a per cents
at par. 1t is worthy of notice that the
latter were taken by Minneapolis insti-
tuition, the Swedish American National
Bank. It is to be regretted that more
local money does not go into local securt-
ties. There is nothing in the bids to in
dictate that the municipal bond market is
improving.
The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1903-08-11
LIFE IN LEXINGTON, MICH.


OF the Lafayette, Mich, weekly News.
Billy Blair, the bum printer, is tramp
ing over the county and intruding him
self upon printers Of the better class. If
Billy could only be led to see himself as
others see him, there would be hope Of
reform In the man, but there's the rub.
The drunkard is blinded by dissipation
and can't realize how degraded he Is.
Dicky- Dockery of Evergreen township
writes the News what he evidently thinks
is an astonisher in the way Of an item.
He says there is scarcely a married man
in all that township who does not carry
in his pocket the picture of an attractive
young lady who is not his wife. It seems
terrible at a glance, dear Dicky, but we
are onto your racket. We violate no con-
fidence when we tell you that the same
awful conditions exist right here in Lex
ington-are Haunted right in our faces
every day. But don't catch your breath
over it. The name Of the young lady is
Miss Anna Wilkes Williams of Philadel-
phia, and her picture ornaments the sill
yer dollars which all of us use whenever
we can get them. -.
The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1903-08-11

in the supply Of reliable labor for the
plantations. While the term contract
labor has bad sound, the Hawaiians
put it in rather pleasing light. They pre-
mise that there ought to be a large pop
ulation Of European origin in the islands,
If serious race troubles are to be avoided
in the future. That population can be
secured If it is permitted to them to bring
immigrants to the islands under con-
tract. Once there most Of the immigrants
will remain and become small land own
ers and make a very desirable element ir
the population.
Already the prejudice against the Jap
anese seems to be about as marked as the
prejudice against negroes in the United
States. White men refuses to work witt
Japanese except as foremen; even giving
up better paid positions to take less lucra'
tive ones in order to get away from asso.
citation with the Japanese.
The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1903-08-11
Distanced sAIle Others.
Miller Is. D. Pioneer Press

Miller IS. D. Pioneer Press
Thru the untiring zeal of it's editorial
staff, the Minneapolis Journal has OUT
distanced all other daily newspapers in
the northwest. It's scartoonist is one Of
the most-quoted artists in the. United
States, and he never fails to Impress his
idea upon his readers. The foreign news
department is. clean. alive and up to-date
in every respect. Nor does the paper
neglect the, state news Of the Dakotas
and Minnesota. In fact, we may readily
say that TIL Journal is one Of the
newsiest, most attractive and reliable
dailies that comes to our desk
The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1903-08-11
It looks as if the Canada cup would stay

1t looks as If the Canada cup would stay
in Canada. In the first race between the
4o-footers, last Saturday the strathcona.
the defender, won by about ten seconds,
but yesterday she won again by more than
eight minutes elapsed time. We seem to
have about as much trouble capturing
cups once captured by the Canadians as
the English have in getting back the
Americas cup. .x:
The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1903-08-11

The Minneapolis JOURNAL for the first six months OF the
wear 1908 carried 818 columns, over 81 per cent
more Foreign Display Advertising than the DAILY
Tribune. Z,
The Minneapolis Journal for the first six months OF the
wear 1908 carried 600 columns, or 70 per cent more
Want Advertising than the Daily Tribune.
The Minneapolis Journal for the first six months OF the
year 1908 carried 1868 columns of Real Estate adver
tising while the Daily Tribune carried none.
The Minneapolis Journal for the first six months OF the
year 1908 published ,343 columns of advertising
than for the period in 1902; while the Tribune,
according to it's statement published July 18th, gained
onlv 754 columns this year, the Journals gain
over the Tribune being 589 columns 78 per cent.
The Minneapolis Journal of 6,818 residences can
vassed had $3.50 charlottesville Evening Tribune
l,438-the Morning Tribune 814.
The Minneapolis Journal in 80 apartment and fiat build
ings canvassed, had 1904 subscribers-the Evening
Tribune 2O2 and the Morning Tribune 1871.
The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1903-08-11

A colony of negro farmers from Louis
lana passed thru Minneapolis yesterday
en route to Washington, where they are
going to take land. If they are successful
farmers, Louisiana cannot afford to lose
them; If they are not, Washington doesnt
need them. If the former is the case there
can be only one reason for leaving Louisi-
ana and going to Washington, and that
is that they are not satisfied with their
treatment by their white neighbors in the
old state. After all, it takes a good deal
of theory to run this world. Even if the
negro has better practical oppor tlnity
in the south than in the north, the un-
disputed right to vote, the equal justice
and the recognized theory that he s.is Just
as good as the white man make the north
seem to many negroes q more desirable
place for residence RI
The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1903-08-11
One Of the most incfstve comments that

One of the most incisive comments that
has been made on Judge Lochren's decis-
ion in the Northern Securities case is
that of the Midway News, which peti-
nently inquiries how the purchases. of a
majority Of the stock Of the Northern Pa
cific stock by the Union Pacific interests
would have thrown the control and man
agement Of the Northern Pacific into I'M
ion Pacific hands, when the consolidation
Of stock Of both the Great Northern and
Northern Pacific in the hands of common
owners fails to affect the management,
and control of the two ROADS.
The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1903-08-11
THE CHINESE WAY
Journal. Of Education.

"A man who killed his father in China
not long ago was executed; and along
with him they executed his school teacher
for not having taught him better morals.
But this is not whit more ridiculous
than some of the criticisms of the schools
to- day.
The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1903-08-11

The Waconia Patriot charges John
Friedrich with importing a cheese from
Minneapolis stamped Switzerland, 1633.'
People took the other, side Of the street.
and Mr.. Graft took up the flooring Of his
kitchen, suspecting the worst.
The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1903-08-11

About two weeks ago The J ourna
published an account Of the finding of q
message encased in a bottle discovered in
Roseau county river. The message pro-
fessed to be from man upstream who
was very sick with smallpox Yesterday
our enterprising evening contemporaries
republished the story. simultaneously
I h ourn a published the opinion of
the police that the message in the bottle
man. who. he wrote. lived in Minneapolis.
could not be found This true story
teaches-Well the public knows
The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1903-08-11

AN INVITATION is extended to all to visit
the Press Room, which is the finest In the west.
Goss Presses, with total capacity Of LA .0Oo
eight-page ournal 8 an hour, printed foidsa
to 4:30 D. m. Inquire at the business office ano
be directed to the visitors gallery. of the Press
The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1903-08-11

Everybody's Magazine says that the
toothpick factories turn out 100,000,000
toothpicks day. But this forms no ex-
cuse for the man who ornaments his face
with one Of them at the theater.
The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1903-08-11

The county commissioners have award
ed to Dr. Charles Straub a franchise for
an electric railway on the county roads to
Anoka. Such a road ought to be built
and possibly it would not have been built
unless the franchise had been given prac-
The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1903-08-11
Casually Observed.

The state blue book is out. There is
nothing in it to bring blush to the cheek
Of police officer.
The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1903-08-11

Dollar wheat in sight and no c. A. Pills
bury to get out the band again!
The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1903-08-11

tically without consideration. but It is
more. than likely that before the franchise
expires in. 1928, there will be much regret
that la the county commissioners did not
drive harder bargain. Dr.. Straub also
received franchise for line to Shake
pee, 50 that two important routes thru
the county have been presented to him
The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1903-08-11
"By Stealthy Footsteps"
A GREAT ENGLISH MYSTERY STORY WRIT
TEN BY CHARLES E. PEARCE.

This Serial Story Of ddso6ing Interest NIL ARpear in The
Journal by Special arrangement. Tho First Install
ueut viii Be Published in the Sumner Fiction
Supplement Next SATURDAY.
The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1903-08-11
SOMETHING ABOUT THE AUTHOR.
Supplement Next SATURDAY.

HARLEs English journalist who has made great
repuaion fiction His
~ demand he of novelties
whether Robert Stephen
much
justify
him recognized authority criminal psychology How
strictly subordinate the interest of his
The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1903-08-11
SOMETHING ABOUT THE STORY.

tated carefully planned carried out with cooness which
nunan it might be matched with than one true
episode the annals Of The Tremaine financial mag
assaiant had
tharted That mental should be added
warnings Of the fate to them
The proceeds startling and its
breathless
ona element will be pedonnates but there room also for
strong which will appeal readers
Albuquerque daily citizen. [volume] (Albuquerque, N.M.) 1895-1903, 1903-06-24
Railroad Topics

lost his life. A freight train was run
ming between Rowen and Keene when
the boilers of the engine exploded, in
stantly killing Fireman Laidley and Sc
verely scalding Engineer Daze. Tho
body of the dead fireman was taken to
Kern and Mr.. DaZe was taken to the
hospital at Los Angeles. Later reports
were that Mr.. Daze. although badly in.
jured, will cover. He formerly run
between here and Williams, and has
many friends that wish for his speedy
recovery.
J. F. Huckle, superintendent of the
news and curio department of the Har-
vey system, accompanied by Mrs.
Huckle, arrived from the east last
night. Herman Switzer, manager of
the Alvarado curio rooms, anticipates
a journey abroad to Europe, and If he
goes. Mr.. Huckle will remain here the
greater part of the time during his alb
sence Mrs. Huckle is a daughter of
Fred Harvey, the founder of the Har-
vey system. She takes great interest
in the curio department and keeps in
close touch with all its workings.