The weekly register. [volume] (Point Pleasant, Va. [W. Va.]) 1862-1909, 1904-12-28

DECEMBER %, 1904.
During the past year more than
forty banks have failed in Iowa.
and in not single instance is the
cause of their failure laid to legiti-
mate business undertakings. Spec
ulation in the stock market, or sim
liar misuse of the money in their
charge by officers of the plundered
banks brought about the ruin of
every one of the institutions that
became bankrupt. There ought to
be some method of prevention of
suoh financial disasters, or if that
cannot be done, there ought to be
adequate punishment for the crim-
inals. The list of bank wrecks in
the one state of Iowa is most APP
palling. Dishonesty, rascality and
criminality were behind all these
disasters. The briefest of terms in
the penitentiary. and sometimes
even less punishment. is all that
the law requires for such crimes.
It is not Notwithstanding
Sentinel.
Here is a point we'll taken from
the West Union Record
The Braxton. Central asks us
why John j. Cornwell did not re-
sign his seat in the State Senate
when be was nominated for Gov.
nor. We answer, for the same
reason that Roosevelt did not re-.
sign the goyernorship of New
York when he was nominated fol
the Vice Presidency; for the same
reason that Fairbanks did not re.
sign his seat in the u. s. Senate
when he has nominated for the
same reason Dawson did not re-
sign as Secretary of State wher
he was nominated for Governor.
AT meeting of the directors Of
the Parkersburg Daily News Pub
fishing company. held Wednesday
Charles Brooks Smith, who hal
occupied the position of editor fol
the past few years. rendered hi
resignation and it was accepted.
Col. @. d Elliott was elected al
his successor and as business mana
ger of the concern.
The board also elected Mrs f
Kent Loomis as director of the
company to fill the vacancy caused
by the death of her husband, and
she was also elected secretary ol
tho o1geni1ation.
The directors transacted some
other important business during
the meeting.
On Tuesday. December 20, the
commissioners of public printing
awarded the contracts for the pub.
lilo printing and binding and fur.
nishing stationery for the two years
beginning January IL, 1905
Moses W. Donnally, of Charleston,
was awarded the printing contract
at $19,918.OO. and the stationery
contract at $2O,493 "a. and the
Acme Publishing Company. of
Morgantown was awarded the
binding contract at 81. 1919 Mr..
DonnalIy has been bublic printer
before, and proved himself a
prompt and efficient contractor,
and the state is to be congratulated
that he has the contract.
E. n. r Green, of Terrell, a son
of Hetty Green. and president of
the Texas Midland Railroad, is in
search of a level strip of land for
the construction of a three mile
automobile track. The track, which
will be the longest in the world,
will be built with the idea of break
ing worlds records
We are likely to have two new
states soon. They will be Oklaho-
ma and Arizona. Oklahoma will
include the Indian Territory. and
Arizona will include New Mexico.
This We think is the best plan
Considering the size of the old
states it is not fair to admit those
four territories as states and give
them eight Senators when their