davidaulloa/AmericanStories huggingface dataset:
The independent. [volume] (Lincoln, Neb.) 1902-1907, 1904-05-19

society will be benefited, for ION the
whole and in the long run we must all
go up or down together"
The outlook Is startling. A great
political change is nearing completion,
and one that is more far-reaching than
any that has ever occurred. Hereto
fore, the laws, except where the d.
rect ballot prevailed, have been con-
trolled in the interest of the few be-
cause the power of the many has been
delegated. but with the adoption Of
the right to a direct ballot on prac-
tically all laws, special privilege will
be terminated and the promotion of
the welfare of the whole people will
receive every possible assistance which
science can give. This change to en-
lightened majority rule is the TWEEN
tieth century revolution, and is TAX
ing place SO quietly that only a few
are realizing it. In non-partisan
way, and chiefly as the work of organ
lied wage-earners and farmers, there
is being ushered in the golden age
that of peace on earth and good will
to men. The trusts and all forms Of
machine rule are to be shOrn OF their
evil features.
That such will be the result is no
mere theory. The system has been
developing in this country for more
than century, and with such ex-
cellent results that no return to the
rule of the few has ever occurred.
10, o11
economic and political reform. 1t is
the final necessary step in the onward
march of advancing nations. with
new powers born of progress forces
have entered the world that will eth
er compel us to higher plane or over
whelm lis. as nation after nation, as
civilization after civilization, have
been overwhelmed before. But If while
there is yet time we turn to justice
and obey her, If we trust liberty and
follow her, the dangers that now
threaten must disappear the forces
that now MANAGE will turn to agencies
of elevation"
Let those who still hopefully face
the front lend their energies in battle
for this fundamental reform.
e. o. BAILEY.
Central City, Colo.
P. S.-For full history and analy-
sis of this non-partisan system Of ma
jority rule, also for full description
Of the present-day developments in
practical politics, address the Bureau
of Economic Research, SO Bliss Build
ing, Washington, D. G. Pleas, en-
close ten cents to pay the cost of liter
ature The bureau hopes that every
officer of the Grange, the Unions and
other non-partisan organizations will
familiarize himself (herself) with
what is taking place and help to has
ten the change.
The Havre herald. [volume] (Havre, Mont.) 1904-1908, 1904-08-11

Mrs. M. Tierney came up from
Glasgow Monday to visit her husband
for day.
Miss Estella Hanche, of Spokane,
WASH, is in the city this week, the
guest of Miss Marion Aud.
NJ. J. Keckler is passing the week
at Midyale on fishing excursion.
This is his second annual outing at
that point.
The doors of c. A. Brady's home
were thrown open to gathering of
young people on Thursday evening of
last week, the occasion being party
given by Miss Bernice Brady in hon.
or of her young friends, the Misses
Creaswell. Unique and entertaining
games were introduced, dainty
luncheon served and all were of the
opinion that profitable and enjoy
able evening had been spent.
See Carnal & Carruth for rooms in
the new brick building, either for Of
fee, living or rooming purposes.
The Havre herald. [volume] (Havre, Mont.) 1904-1908, 1904-08-11
WAS IT A FLY?

"A funny thing occurred at the shor
the other day." said Brooks, the bar.
Der, as ne was putting the finishing
touches on a Saturday evening hair
cut. "A fellow came in who was
somewhat under the influence of in
. toxicants. He took his place in the
chair and all proceeded well till r
shaved one side of his face, when he
stopped me.
" Hold on, he cried, I want this
thing explained
Il asked him what was the matter,
and he replied; There's fly on nv
cheek, and you have shaved the lath-
er and whiskers off, but the fly never
moved. Now, what the mazzer with
him?'
i told him there was no f1y on
him, but he pointed to the mirror
and said: You think can't see him.
| amt SO drunk that / can't see
fly
Il turned to the glass, and there
stood the fly on the mirror. and in
such position that from my custom
ers range of vision it seemed to be on
his cheek. He afterwards said that
ne had felt that fly tickling him all |
the time, and wondered how [ could
shave under it and not cut its legs
off,
See Carnal and Carruth for rooms
to rent.
The Havre herald. [volume] (Havre, Mont.) 1904-1908, 1904-08-11
LOCAL MENTION

Mr.. and Mrs. Dave Crosson were
visitors from Milk river Monday.
VIM. J. SWanton departed for Boul-
der Sunday, expecting to be absent a
couple of weeks
Mr.. and Mrs. John Davey and AL
Turner were visitors Monday from
Henry's basin.
Geo. Bartolli, of the Western Tn
ion, left for Detroit, Mich, today on
an extended visit to relatives.
David G. Browne was Havre Wis
itor on Friday of last week, on his re-
turn from Chinook to Benton.
The editor had occasion to visit
Harlem on Friday of last week. The
hay harvest there is one of the lar
gest ever cut and of an excellent Quail
ity.
Ed. B. Churchill returned from a
business errand in the east the first
OF the week, where he purchased all
sorts Of beautiful things for his jewell
~ store.
The show at the opera house Mon
day evening demonstrated that man
with four-bit seat ought not to ex-
pect woman to take off a three
guinea hat 50 that he can see the per-.
Torrance.
Rev. w. B. Young left Monday for
LewistoWn to attend the annual
meeting Of the North Montana mis-
sion. Two wagon loads OF Methodists
left Benton Monday to make the trip
overland.
This year has seen the longest con-
tinual drouth in this vicinity the.
weather bureau records have vet
shown. The total rainfall for eight
consecutive weeks shows precipita-
tion OF one-half inch against four and
half inches under normal condi-
tions.
An error was made in reporting the
1OO-yard dash for married women at
Great Falls Saturday, at the railroad
employees picnic, which was won by
Mrs. Marcus; Mrs. Jameson, second:
Mrs. Stoke, third. Prizes, first, SIS
pair OF shoes, Eagle Shoe store; sec
ond, white silk shawl, Peter DesRos-
Ter; third, $3.50 pair ladies kid gloves.
Havre Commercial company. |
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1904-01-17
WAR AND THE WHEAT MARKET.

The Napoleonic wars raised wheat TO extraor-
binary heights. The advance reached it's cuImi-
nation. curiously enough. in August, 1872 when
the Emperor's troops the way 10 Mos
coz. Wheat then touched $50 per bushel in
Liverpool. Since the Nspoleonic wars wheat has
never been more violently affected by than
in the Crimean contest There ample rea-
FOR this. In that the Black trade wa
absolutely demoralized. The broke out "a
far as England and France were concerned. early
IN lS54 In 1888 the average price OF wheat on
the Liverpool market was equivalent 70 81. 20 per
busnei-Whlch then was reasonably low. The
blockade OF kussa's southern ports began. Eng
lands import OF wheat. which had reached AZ
100000 bushels in tho season lo53-4. fell 70 pa
10000 In the ensuing year. and the average an
g 20 in 1859 and at s. 30 in 1856 This vas riss
more violent than occurred when civil u-ar
broke The Sauerbeck figures show an ave.
age annual urice of $40 IN 1850. OF slss ia 1851
the English prices, but the American price ev.o
II deprecated money, did not vary much more
widely
The failure Of wheat 20 respond n the ..,,.,,
war Influences has been repeated on s,ii-eo,er,,
occasions. Contrary 10 general belief IN 49,
not greatly affected by the outbreak 80 -
Franco-Prussian war. Al the end Of a fortnieht
after declaration OF war. London review VS.
able say: The total advance esta hlfsbas -
wheat on the declaration 81 war amorrts -
between and shiliings Per quarter us ana *
about the Ioint at which II stood previous 70
the recent fall
The average English price Of yrbeo, A., -
year OF the Russo Turkish war OF ls-- ~. a
cents per bushel above that OF the previous xe,r
and that might easily be explained Nv tba - 49,
short crop I'm england and IN Russia, during 49,.
year preceding No subsequent war has -
ertec any real influence on the wheat fraaa ~.
ascribing OF 1885 corner price of an 30 10 sra.
cy Of the spanish a piece Of ,,.~. I. -
surSit..-New York Post ~ ~
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1904-01-17

QUIZ. professional and narrow in the extreme U
Fluctuations We're inconsequential except in
lew Instances and not even a bank statemen !
was sufficient to produce animation. The banky
statement was n good and the gain in cash|
was even more than the most liberal estimates
had shown. AS an Offset however there was a
heavy increase in loans. but the reserve in
creased substantially. The figures showed an In
crease in loans Of flS403000 cash increased ST.
$500. deposits increased s555S5Ooo. which was
IN the exact proportion OF the increase IN loans
and cash. Reserves increased S. COO. This
bank statement showed cOnclusivey that funds
are returning from the interior in volume
The money situation here could scarcely be bet
ter and II Is the factor Of strength I'm the stock
market. The increase in loans Is due. OF course
TO the continuance OF corporate borrowing So
Tar as stocks are concerned there few
displaying animation notably Pacific Mall. The
arguments la favor OF this stock are that II will
be benefited by the withdrawal OF other Pacific
ships on account OF the crisis in the FAR East
and also the possibility Of a ship subsidy The
Steel stocks acted comparatively well.
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1904-01-17
FINANCIAL SUPREMACY
OF NEW YORK.

One fact stands very clearly on the face Of
the record OF the currency movement for 1903
Tha; fact Is the financial supremacy of New
York There is question OF the growing wealth
OF the West and Of the South. There is no doubt
that in the past few years the West has largely
liquidated its Indebtedness TO the East, and has
acquired a certain degree Of independence Of
Wall street Moreover. these developments are in
the line Of national prosperity for which every
section OF the country must be thankful
Nevertheless il remains that New York is the
clearing house Of the country's business and was
never more so than it is to-day. The growing
wealth OF the West has added TO rather than
taken from the financial Importance Of Wall
street When IL is stated that the movement of
during the year 1903 amounted to s2.655 900 coo,
and that the total amount OF money in circula-
ton IN the United States on Jan l. 1904. was So
s6s Coo 900. some idea Is obtained Of the immense
movement OF actual money in and out of Wall
street during the year. As a matter OF fact. il
aggregates more than the total supply Of money
IN the country. The total interior movement
alone aggregated moro than 20 per cent OF the
money In circulation
strated anew the dependence OF the different
sections OF the country upon each other. Ii has
DEMONSTRATED again the great part played by
New York. first IN affording a means for the
profitable employment OF the reserves OF the
rest OF the country: and second. for supplying
their needs in the time OF the harvesting OF the
Never before was the movement Of currency in
and out OF New York great IL was last
year. and instead OF the West and South being
able to finance their crop requirements without
calling upon New York. the harvest dema nds
upon the banks IN this center for currency. large
~ exceeded those Of former years.-Wall Street
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1904-01-17
ARE THERE TOO MANY
TRUST COMPANIES
wall-street Journal.

President Van Norden. of the Van Norden
Trust Company, is quoted saying that there
are too many trust companies now in the field
working along the same lines. drawing on the
same class OF depositors. and in every way
rivaing each other.
There is probably a large basis CT truth in
this statement There has been a vast pro-
duction OF trust companies. only in
this city. but throughout the State I'm the
past six years. The organization OF most OF
them undoubtedly justified by the increas-
ing business of that period. but there is no
question that the production OF trust companies
was Overdone- There in the city OF
New York twenty trust companies organized in
the years from IS9S 10 1902. inclusive whose total
assets amount to about S2Is 10000 The exist
Ing trust companies that We're organized previous
20 1898 number only eighteen. but their aggre-
gate assets amount TO about S731 600 600
Prom this II will be "A majority
Of the existing trust companies I'm New York
were organized since layH. but IL still remains
that the bulk OF the trust counpanv
assets belong the older companies There
are two ways OF remedying this condition OF
The other way Il by patient waiting FOR the
business OF the city 10 grow up 20 the facilities
which have been provided. II Is probable that
the trust companies which now suffer somewhat
from the diminished volume or financial trans
actions resulting from the stock market uquida-
ton OF last year will hold on "a they are until
gree Of prosperity which there was reason TO
expect at the time OF their organization. In the
meantime Il IS gratifying 10 know that In spite
or the criticism which aimed the trust
companies last year they have passed through
the strain u the stock market liquidation In ex-
cellent shape and with notable manifestation
they stand higher IN public reputation to-day
than they did SIX months OF a year ago.
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1904-01-17
Following is the statement in detail:
GAIN IS FEATURE.

The Financier says:
The striking feature OF the official statement
OF the New York associated banks last week
was the gain of s17.SsS.sOO in cash reserve. an
amount of s1,744.1OO in excess of the increase
which was estimated on the basis of the trace
able movements of money during the week. The
difference is accounted for by the bringing over
from the previous week of 81, s3S, 900. which was
the sum less that week than the amount shown
by the official statement compared with the esti-
mated increase. The gain in cash last week
makes a total increase of $29, 444, 500 since the
week ending Dec 26. 1903.
1.-The deposits were increased last week by the
unprecedented amount of $50. 555. $780, and conse-
quently the required reserve was augmented by
S. ssS S25. Deducting this sum from the gain in
cash leaves IS. 775 as the increase in surplus
reserve. which stands at s2S.1sl. $50. against
$50. 217. 125 at the corresponding date last year
Calculated on the basis of deposits less those Of
public funds. the surplus is $50. 403 OPS. The loans
were Increased by SIS 4O3 400 and il is noteworthy
that the gain in this item since the week ending
Dec. rs has been $50. Cos, 400 Another striking
feature OF the statement Is loans This is the
Aug ID last year. when the excess of deposits
SssS.2O0. In this interval the highest excess
of loans deposits 500 900 $40, Nov. 2l
1908 The loan expansion last week most
likely due TO syndicate borrowing, and in all
probability the requirements of these bankers
have yet been satisfied. a further increase
OF s15.slS. 10 in this item will carry the total
loans 10 the maximum Of last year, and also on
record. An increase of about S22. 900, 900 in de
posits Will also make new high record this
item.
The specie is now within 81 0O00 600 Of last
years maximum A further large increase IN
specie and also in legal tenders is by means
improbable In the immediate future. for the re-
turn flow of money from the interior has not
yet reached the food.
The daily average Of clearings last week was
S21S 600 OOO less by s27 900 than i'm the pre-
vious week rejecting the lighter business on the
Stock Exchange. The clearings Saturday.
representing Fridays business were S232. 5S1. 1SS
Sl4.OOO.O0Q above the average. Comparisons
Of loans show that six of the larger banks
gained s14 100. 600 net The cash gains by six
banks were Sll, 200 600
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1904-01-17
INDIANA STATE BANKS
IN PROSPEROUS CONDITION.
state Auditors Office Gives Out
Figures on Last Statement-De-
tailed Showing.

State banking institutions included under the
State banking laws are enjoying general pros
perity. according to the report Deputy Men
denhall Of the state auditors office. Mr. Men
denhall has just completed the totals of the last
reports submitted to the auditors Office by these
institutions
From the comparison OF the figures with SINH
lar totals last October II viii be that the
banks are doing a sounder business. There is
only one failure noted in the report-that OF the
Farmers State Bank. OF Auburn.
Oct 81. the loans and discounts, taken as a
total were S23. PIP. 9lS. 81. and Nov. II the
total loans and discounts amounted 10 So. 367 =
eg9 30. These figures show for that brief period
a decrease in loans and discounts OF SiS2 los. 20
on oct 81 demand and time deposits amounted
to SIS So zoo Is. the demand deposits being So
sac sos and the time deposits S5.0i2. 500 50. on
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1904-01-17
Local Cleaarin gs.
Anvil Marks His Tomb.

Thoughts of death of the grave do
Cypress John G. Angelo. blacksmith at Po-
comoke City, Eastern Shore Of Maryland. who
is hale and hearty the age of eighty-nine
years. But. realizing that the length OF his
years cannot be much longer extended, he has
made provision for the disposal OF his re-
mains in manner at once unique and in &C
cord with his trade. With his own hands ne
has fashioned a tomb The most notable features
OF it the anvil and hammer which he used
during his apprenticeship. and with which he
has worked FOR over sixty years
The hammer and handle riveted to the
anvil, which in turn is fastened IN a marble
base and set up at the spot where he will rest
after death.-Rhiladelphia Public Ledger.
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1904-01-17
Big INCREASE in DEPOSITS
BANK STATEMENT, AS A WHOLE, Is
REGARDED AS FAVORABLE.
Contrary to Expectations, Loan Item
Shows Large Expansion-Gain of
S15,OOO,OOO I'm Specie.
Special to the Indianapolis Journal.

Special to the Indianapolis Journal.
NEW YORK. Jan. 16.-The statement OF the
banks in the Clearing House Association to-day
shows enormous increase in deposits-more
than s35 900. This is the feature of the
ment.
Contrary to expectations. the loan item shows
big increase. SIS 4Os 400. Specie increased, too.
more than SIS 100000
The increase in the loan item is unfavorable,
but the statement. a whole is generally re-
garded in Wall street making a favorable
showing. The increase in the deposits item as
continuance Of easy money. which, If there
are not industrial bearish influences should cause
more activity I'm the stock market
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1904-01-17

THERE ARE NO SAFER INVESTMENTS
Il for your money than the farm and city
mortgages that We have for sale.
In II years we have sold over eighteen bill
lion dollars OF these mortgages and have
never lost a dollar OF interest or principal
and have never fOreclOsed a mortgage since
we have been in business. Phones, New 1924;
Old black 4126 &. y. WILLIAMS ~ co.
Bankers. No. 10 East Market St. Indianapolis
We allow three per cent. on deposits.
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1904-01-17
THE MONEY MARKET.
Rates on Loans and Exchange-CIear-
ings and Discounts.

NEUTRALITY-SUSPICIOUS. paper per
cent; time loans. 5lsd6 per cent.
NEW YORK-Money call nominal: no
loans Time loans easy; sixty and ninety days,
per cent; six months. Az d4k per cent; prime
mercantile paper. 4%G5 per cent. Sterling ex-
change firm, with actual business in bankers
bills 70 for demand and 81 50. ~ for
sixty-day bills; posted rates. s4.S3l1 and 81. $50
ASH; commercial bills. S4S2G4S2R.
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1904-01-17
Dry Goods.

NEW YORK, Jan. ls-The week IN CRY goods
has closed with more OF disposition the part
OF buyers TO consider certain lines OF FOODS
though purchasing was confined 10 conservative
lots. Jobbing houses report steady decrea q
in demand for spring goods with every indIca-
tion OF considerable activity in store trade by
the end Of the present month.
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1904-01-17
Money Rates Abroad.

LONDON.-Money. 21zG3 per cent. discounts
3l4G3%s. COnsols. 81 l3-l6ds7 15d16.
PARIS.-Three per cent. rentes. 97f 771kc for
the account. Exchange London, PSF 16lac for
checks.
BERLIN.-EXchange London, POM 4epf for
checks. Discount rates: Short bills "a per
cent; three months bills. pa per cent
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1904-01-17
Cotton.

NEW ORLEANS. Jan. ls-Cotton firm. Sales
$50 bales Ordinary. lose; good ordinary.
good middling. 13+c; middling fair. i4Isc Re.
ce9ts. s.2s2 bales: stock. sO6. e5s bales.
NEW YORK. Jan. l6.-Cotton-Spot closed
steady; midiling uplands - soc: middlinR gulf
l4.O5c. No sales.
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1904-01-17

NEW YORK, Jan. 16.-Total imports of dry
goods and general merchandise at the port Of
New York for the past week were valued at
81. S53 65l. Imports OF specie So O73 gold
and $l7.25 silver Exports Of specie from the
port were S,247, SEQ silver and SOS, 300 gold.
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1904-01-17
Treasury Statement.

NEUTRALITY-SUSPICIOUS. statement OF the
treasury balances in the general fund. exclusive
Of the $3.50 600 900 gold reserve in the division of
redemption. shows:
Available cash balance. .S226 254 col
Gold OBSERVATION-DISCLOSURES. 95 112 g74
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1904-01-17

S1o.s97.02 and the time deposits footed s4.4os.-
1913. 49, the total deposits being S2S go 40 An
conclusion TO be drawn from the comparison is
that state banking institutions are enjoying an
unusual of prosperity.
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1904-01-17
Markets for Silver.

NEW YoRK.-Bar silver. soc; Mexican dollars
45lzc
LoNDON-Siver bars 27 5-1sd an ounce.
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1904-01-17

ST LOUIS, Jan. i6.-Wool nominal: medium
grades combng and clothing TdZlc. light fine
l5G17hc; heavy fine. l2qhi4c: tub washed. 30