davidaulloa/AmericanStories huggingface dataset:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1906-03-18

Archbishop Patrick Kenrick presided over the
nrst national council. In 1852 Archbishop
Spa!dlng presided over the second national coun-
Gil. in 1866. and had the honor TO preside over
the third national council in 1884 This last
council was attended by seventy-eisht bishops
and abbots and by the leading clergy OF the
country. OF the seventy-eight bishops who at
tended that council only fourteen survive
But this church is not only temple OF wor-
the sacred custody Of the dead In the crypt
under the high altar deposited the ashes OF
Carroll and MareschaI. OF Whitfield and Eccies-
ton, OF kenrick and Spalding
Many Of American citizens are IN the
habit every year Of making pilgrimages to Mount
Vernon TO view the spot where the Father OF
the republic OF the Church Is piously drawn to
THIS temple that he may contemplate the last
resting place OF the patriarchs OF the American
What Mecca IS to the AIahometan what the
Temple OF Jerusalem is 70 the Israelite what
81 Peters Basilica, in Rome. is to the faithful
OF tne church universal. this Cathedral is to the
American Catholic"
Cardinal Gibbons. whose home adjoins the
oId edihce. loves 1t more than anything else
earthly. Speaking OF his own associations with
IL the venerable prelate said:
- Every stone OF the building Is sacred to me
~ was In this church that was regenerated I'm
Grated DR.. White. Under its shadow / was
raised to the priesthood. IN this temple I w.
Sonsecrated Bishop by Archbishop SpaldinE ar
happy memory II here that the insie,ta
OF cardinalitial rank were conferred on me ~, .
representative OF Pope Leo XIII Here 7 49,
years. '' Nlr'y-two
i intend to continue to offer the bol,. -,
nee and 10 preach within these walls as ,e n
GOO gives me life and strength. And yrNsr1s g
oaIthiy career "a ended. which In the cr-'. ''IS
nature and IN the order OF Providence A. oeLse OF
uIstdht, expect that my BODY VIII reno-. - "a
C[yPt beside the ashes OF my fIIustriO,S - '5ls
fY,rbeS a., Sil ~ nope IL VIII there remain i,ndis
OF Resurrection SPURIOUS dawn
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1906-03-18

Baltimore. March 17-Probably the most
notable gathering of prelates of the Roman
Catholic Church since the plenary council in
1884 Will be at the celebration on April 20 of
the centenary Of the laying Of the cornerstone
of the old Baltimore Cathedral. the seat OF the
primacy OF the American Roman Catholic HE
rarchy, the great hall OF legislation for that
church in the United States.
Twelve archbishops and a hundred or more
bishops, monsignors abbots and leaders of the
various ecclesiastical orders will take part IN
the ceremonies, which viii be on a scale Of mag
nihcence never before equalled in this church,
not even at the national councils.
For more than a year decorators and gflders
have worked on the minarets, dome and the in
terror Of the big edince. completely renovating
1t for the centenary. The costly work is now
complete
The Baltimore Cathedral is the second Oldest
cathedral in the United States. the Oldest being
the cathedral az 81. Augustine. Fla. built by the
Spaniards
procession OF the prelates and priests around
the Cathedral block on the morning Of Sunday
April 20. TO be followed by mass at which Arch
bishop Farley OF New-York will pontihcate
Archbishop Ryan Of Philadelphia viii preach
! the sermon To this service may also be IN
| vited the President and Vice-President Of the
United States, members OF the Cabinet, many
Senators. representatives and diplomats and
state and city officials.
At vespers Archbishop Messmer OF AIilwau-
kee VIII pontihcate, and Archbishop Ireland OF
4 St Paul will preach. These two services will
compose the religious part Of the programme
The main social feature will take place on the
: evening Of the following day at the Lyric
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1906-03-18

doing the business formerly belonging to the
banks under such different conditions that the
profit Of banking has drifted from US to them.
we know very Wen tiIat this has been done with
the aid and connivance Of bank officers and d.
rectors. am simply stating well known facts.
Il make these remarks at this time because I
think the hour has struck when IT is imperative
that the New-York Clearing House should be
true to its history and traditions and apply the
cure to an evil that grows more threatening
every day. Credit has been enormously ex-
tended 1t was perhaps needed and useful. But
the basis Of credit has been neglected and mar
rowed. Before the effects Of such disproportion
become unmanageable I urge this association
to take the matter in hand. II is expected Of
ne
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1906-03-18
Arguments by Which the Older Institutions Prevailed
Against Their More Modern and Less
Conservative Rivals.

keep at least Is per cent cash? One system or
the other is at fault"
In a statement made to the Senate and As
scmbly committees on Banks Mr.. Parker said
ITO allow trust companies to do a banking
business without reserve and not the banks is
worse than any rebate discrimination system
existing and this is a time when rebates and
determinations are recognized as no longer TO
be tolerated"
William A Nash, president of the Corn Elk
change Bank, and formerly chairman Of the
Clearing House committee sounded a note Of
warning to that committee last October that
the bankers should insist that the trust COM
panies should keep the same reserves as state
banks-T1a per cent cash in a company's own
vaults and u per cent in the vaults OF another
trust company or bank. The resolution which
Mr. Nash proposed was passed unanimously, but
the committee took no further action.
THE trust companies have grasped at the
business Of the banks" he said, "and are now
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1906-03-18

Which to-day has nearly 6OOOOO souIs AZ that
S Ct4tS Iau population Of about 10000 and the
souls " haIuIy oOOV
The granite with which the church Is buiI,
was Drought from the quarries OF ErIljcOtt Ctt,,
IN carts drawn by oxen. The work ~ comet 80,
non SLOWLY but steadily advanced until 1910
"HSh IL was interrupted by the war with Enc.
!ailu AFTER the close OF the war the Wort, we q
the building, in 1921 ' Vi
on May 81. 1921. the ediice was dedicated nv,
81 81 oIDlsIIop MareschaL About fifty years ago
rick. ~ <AiSlOiSHop hel-
-. on Ascension Day. Thursday. Nav %. 1870
the cathedral was COnsecrated by Archbishon
Bayley: The sacrlsty was erected In 1870 and
added IN 1888 ~ N'" sanctuary
Since its dedication. in 1921, the Cathedral
mas nss Deeh the scene of many conspicuous and
ststea saCnerlnes. No church in the United
StStes mas witnessed so many CONSIDERATIONS Of
D,shops and ordinations OF priests as have taken
pIacS Wlthin these walls. The twenty-six bish-
ops nave occupied leading positions among the
1n1H uStn hierarchy, including Withheld and
DSSSTlssstOh. or Baltimore; Fenwick OF Boston: .
cn5Sti. VI New York; Purcell and Elder OF Gin
go 49, Nheian, or Wheeling; Cross, OF Oregon
49,. IiS Two Foleys. OF the tWenty-six bshops
tsSLSeu mere 70 the episcopal rank 7 have bsd
'-' '.s RtrItEhege OF consecrating ten
Ao,1.S = o,Hty advent In Baltimore I have or
5s LOU priests. OF whom $50 received sacred
oruers IN the Cathedral Tbree nrelates ,,ara
r. JeoS mere with the insignia OF cardinal rank
- 80 100 l was delegated bv Pope go XIII to
1919 , Sne oiretta on Cardinal Satolu and six
iebsis 80 q, 1 mere performed a similar once in
DeLa t OF cardinal MartineTf
rms venerable temple has baa, ,hA great
&c. &C.. "a 'STslsIAton or the Church OF the United
states. len provincial councila ard tbraa DIeD-
''' - Oai' councils were assembled here
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1906-03-18
There Will be Great Gathering of Roman Catholic
to Celebrate the Anniversary Next Month

There all Of the prelates will gather TO a recep-
ton. This will be one OF the most notable
gatherings OF its kind ever held in this country.
Charles ]. Bonaparte. Secretary Of the Navy,
will make the principal address welcoming the
prelates and he will also speak on the Cathedral
and the work of which II has been the seat for
a century.
The history Of the old Cathedral is told by
Cardinal Gibbons. who. IN speaking of the i'm
portauce to church circles OF the coming event
said:
I'm celebrating the centenary the name OF
Archbishop Carroll will occupy a conspicuous
place. John Carroll was appointed first Bishop
OF Baltimore by Pope Plus VII. and was conse-
Grated on August 10. 1890. in the chapel ut
tached 20 Lulworth Castle. Dorsetshire. Eng
land. His see. the Oldest IN the United States
embraced then the whole country. Tho couae-
Grating prelate was the Right Rev. Dr. Walnes-
ley, vicar apostolic OF the London district
The site selected for the edihce was MIR.
chased from Governor Howard, Of Rsyolut,on.
airy fame. whose equestrian statue adorns Mount
Vernon Place His daughter MrE VVnl,sr,
George Read. whom had the pleasure OF trpovv-
ing, a convert 20 the Catholic Church. was Tor
many years a devout worshipper in the Cathedral
and a jealous member OF the Sanctuary socIe.v
The architect Of the Cathedral was Benfarotn
Henry Latrobe, the grandfather OF Gensrsi
Ferdinand C. Latrobe. many times MAYOR NJ
Baltimore Mr.. Latrobe also designed IN. old
Capitol at Washington.
The cornerstone OF the Cathedral was laia
by Bishop Carroll on July z. 1904 Baltimore,
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1906-03-18

Every other line Of business Is prosperous
and on a sound working basis except the bank
ing interest in this state"
John d. Crimmins a director in many banks
and trust companies, said that he thought trust
companies should have a Is per cent reserve.
Five should be In cash." he explained. 1--WE
in bank deposits and FIVE IN quick assets There
should be only one classification Of trust COM
panies. and that classification surrounded by
the conditions which require reserves. All trust
companies, banks railway companies, any
company organized and existing under a state
charter, In which the public has funds invested
or deposited, should be required to make the
fullest reports
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1906-03-18

When the average citizen finds in his mail an
artistic magazine sent him. free Of charge by
some trust company, and sees within an artlcle
headed We do your banking at your home or
once" his first impulse is TO say 10 himself
Here's enterprise These people are certainly
up-to-date. I'll look into this proposition Ard
when he learns how the company viii send a
messenger 70 his address at any time Of the day
for his deposits. how IL VIII present him with
a miniature bronze bank with handsome clock
IN its face in which 20 keep his savings until the
company's representative comes for them; how
the company viii pay his taxes and his gas
bills collect his checks, draw up his will II II
be made HIS executor. and in addition give him
an especially high rate Of interest on his money.
be IS also likely 20 say:
This Is indeed the twentieth century How
glad I that was born no sooner. III draw
out my money from that old-fashioned, slow
going bank that our family has done business
with so long and put 81 where Il will be handled
both conveniently and probably for me"
On the face Of it the "old-fashioned" bank ap-
pears 10 such a man less obging and less bust
nesslike than his new acquaintance, the trust
company Yet such is not necessarily the case.
II the depostor should have a talk with the
president OF hts bank. for example, he might
learn that it would be glad TO render him all the
conveniences and facilities Of the most up-to-
date trust company. II II only could. He might
also get a better understanding Of the trust
company reserve question. which has been agI-
tating banking circles IN this state for the last
four years and which has just now come 20 a
climax.
The reason that your trust company can rem
der you all these services" the bank president
would say. as because Il makes far more money
than we do. It IS not handicapped by a reserve.
Il IS not compelled as this national bank IS, 10
keep quarter OF its cash in its vaults unin-
vested. The trust company can make profits
on practically all OF its deposits"
But is that kind Of a banking institution
safe?" the depositor might ask
The trust company people say So" is the
reply. but I DO not think I think that this
great increase in The trust company business
has made our financial structure topheavy. Any
conservative banker viii tell you the same thing
Indeed, fear for what might happen If another
panic should come
Then again. IN national and state banks all
depositors are equal; IN trust companies. the
court funds are first preferred, the savings
banks second, and the ordinary, common, every
day mortal third and last. Much has been said
about the infrequency Of trust company fail
ures, but little OF how their ordinary depositors
fare. 7 call 70 mind the disastrous failures OF
the National Trust Company and the American
Loan and Trust Company. The latter institu-
ton paid its preferred creditors in full and the
ordinary depositors the munidcent sum Of five
cents the dollar
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1906-03-18
NOT ENOUGH YET.

Forrest H. Parker, president Of the New York
Produce Exchange Bank, believes that the
amended trust company reserve bill Will safe
guard the financial interests OF this state to
considerable degree, but not enough. las things
have been going" he said yesterday, Our fnan-
cal structure was becoming topheavy. The
great growth Of companies doing a banking
business without reserves was bringing us to a
condition where there would not be money
enough TO go around The total deposits in this
city are now represented by a smaller proper
tionate reserve than in any great money centre
IN the world.
Il see no reason why the trust companies
should not make weekly reports, as well as the
banks
IF the national banking law requires the re-
serve agents OF national banks to keep 25 per
cent OF their deposits in cash. should not the re-
serve agents Of state banks or trust companies
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1906-03-18

stiff reserve for trust companies. I go further.
I advocate rigid. expert examinations at fire.
quent intervals during the year; the publication
or statements every time the CUutruuer or tire
Currency calls for one; and last but by no
means least governmental supervision OF every
financial institution. be II state national. pri-
vate public bank. trust company cor
poration individual, who acts as a depository
for funds of citizens OF the United States"
The Mercantile Trust Company, Of which Mr..
Wade is president is one of the largest in the
West II voluntarily entered the st. Louis Clear
ing House Association, which requires It to
carry the same reserve as the state and national
banks which are also members.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1906-03-18
MIR. NASH'S VIEWS.

To the Senate and Assembly committees on
Banks Mr.. Nash said:
The dangers of the situation have been dis
cussed by various persons. I am perhaps re-
sponsible for one note OF this chorus. I see
great and beneficial development unballasted
and I call attention to the fact. see immense
debts owed by two classes Of state institutions
The banks Of discount are prepared to meet their
contracts with a cash reserve prescribed by law
great section Of similar institutions. bearing
another name. without this essential basis Of
payment The depositor does not want his
money IN cash, but he wants TO feel that IT is in
sight. If It is in sight. he IS satisfied You
may call this sentimental. If you will, and per-
haps 1t is 30. but 1t IS the hardest fact that
know Of in banking Then there is this plain
duty to safeguard the deposits of the people.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1906-03-18
AUToMosILE DEvELopmENr

In 1896 tho only mAOanically moved vehicle vas
the cumbersome engip that broke down country
orluses and scared 'Orses out OF their harness
since then the devel pment OF the Iieht uovverf,t
al az, ms oeen sure ad rapid. More t0ln one hum
v SIlSusand Vehices or both foreign and Anlsri-
IN make are now wned IN the states reDresanr-
~, ,isS an energy OF 2S0oN horsepower and a sales
Sue or SO 600 COO Last year 5000 -ars were scld
Ald II Is predcted that the coming veas
49, see - 90 more pass into owners hands-arS
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1906-03-18

'Also railroad bonds legal Tor savnSs banks per cent
fAlso United states and municipal bonds lieu
OF bank balances
Tive per cent consist % United states bonds
sFive per cent in bonds % commonwealth
give per cent United states bonds. etc
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1906-03-18
TRUST COMPANIES AND BANKING.

In reply 10 Mr.. Young. Alexander Gilbert,
president Of the Market and Fulton National
Bank, Of New-York. said that Mr.. Young omit
ted in his article 10 state that for twenty-five OF
the last thirty years the old fashioned idea that
trust companies were not organized 70 do q
general banking business prevailed IN theory
and practice. 1T is only within the last eight
years" he said. that the modern trust com
pauy has invaded the field of commercial bank
n G. during which time there has been no severe
commercial panic 10 test the ability Of the truss
company 10 Withstand the pressure that would
develop from a deposit liability of O thousand
millions OF dollars. with no cash reserve in the
vaults to protect it
Edmund d Fisher. secretary Of the FIatbush
Trust Company, of Br1uSlyu. said that twenty
two Of the fOrty-five states OF the Union re-
quired trust companies 10 maintain reserves.
and that more states are constantly being add
ed 10 the list.
To show how New York. which requires no
reserve contrasts with these other states. Mr.
Fisher has worked out the following table:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1906-03-18
SI BANKS BATTLE WITH qASg
SHOULD MAINTAIN RESERVES.

alone represes probably over so per cent % the
total clearingss
The Lamar register., 1906-07-11

Division No. and Election Precinct No. Q,
all that part OF said district living betwee the
JsnsS mns 90 oe.weon s, ranges " and 20 and line
south boundary line OF township Il outI, Of
range 70 west. ~ "a point where the east bound;
range intersocts said township line. and ex-
tendins thence north along said east boundary
said line with tho souti, boundary line OF town
ship 2S south OF range i6 west, a distance of six
ship limo to the south anarter corner Of section
n in township 2s south Of range 10 west; thence
north on fhs quarter section line to the inter
section oi said line with tho Colorado and Kan
sas Canal.
Division No, s. and Election Precinct No; 5.
east line Of said Division No. z.
Of said Thres T.s ssse'hiG al ,% each
In Precinct No.. lat the public school
In Precinct No. 1.-At the dwelling house of
Stophon scott on section 38 in township -
'oH, fIsenss ss saasi No. I, t, se.s hoo.,
J. 4. Mutchler ou the northeast quarter OF
section ~ in township 2s south of range 20
west.
:, That y was further ordered by the said
Hoard 81 County Commissioners that an elec;
district be called and held on saturday tho 18th
day Of July 4. p, 1905 for the purpose Of do
ternining ,% % whether said district shall be or; or;
eleetor Of cash q til. said three divisions as a
trict, by the qualified electors of the whole
district. And that public notice OF such olcc-
tion be published IN tho Lamar Register a
RADIO, and also in tho Las Animas Leader u
newspaper published In Bent County. ColorR-
do, once week for at least three weeks prior
That the names of persons from each Of the
three divisions of said district To be voted for
~ directors therein. were submitted by said
From Division No. I,-Scott W. Dobbins.
From Division No. s.-Stephcn Scott.
From Division No. s,-J. N. Wright and 4.
Now Therefore pursuant to the provisions Of
said Act and the SAID orders of the raid
will be hold in said proposed district as herein
before bounded and described. OF the qualified
electors within said proposed district, and who
are also resident freeholdcrs and shall have
paid "a property tax in said proposed district
during tho year last preceding said election ON
Saturday the 18th day Of July. A. D.. 1905. at
eight clock A. NJ. and six o'clock, p. NJ, Of
said day, FOR the purpose OF determining wheth-
cr or not said proposed The Bent and Prowers
formed under tho provisions OF said Act,
under said name. and with the boundaries
hereinbefore stated. and for the purpose OF
Of said district. And tho ballots to be cast at
ssid election for the formation OF said district.
shall be substantially % as follows; Ia; .Irrisstion
or words equivalent thereto. and shall also
cont ain the names of persons to be voted for as
membcrs Of the board Of directors of said dis
trict.
Each clcctor may vote for three directors.
one from each division, and shall indicate his
vote by placing marsinal cross upon the bal
lot for or against any question submitted or
name voted upon, and opposite thereto.
The Board of County Commissioners of the
Attest; T. J. SAyLHR.
6Ko, ID. RoniNsoN, Chairman.
tssALl County Clerk.
The Lamar register., 1906-07-11
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The Lamar register., 1906-07-11
wnsr Bouxp. EAST BOUND.

No. l is California express and makes local
stops betucen Lamar and La Jnnta.
No. Is Denver express, stops on dag at Las
AnimAs- Carries free chair car and Pullm ans.
No. i. the Mexico and Califorris express.
No. and No both esrrs tourist and Pullma
sleepers- No. connects at LaJunta for Pueblo
Colorado Springs and penver
Train No. ~ runs 10 La Junts and will accom-
modatc psssenxrrs for intermediate points.
No. Is through California express and con-
meets at La JuntA with a train from Denver car
rte< passenger through TO Chicaeo without
change. Has Pullman and tourist sleepers-
No. 10 Denver express and runs through to
Chicaxo without change. Carries free chair
car and Pullman sleeper.
No Is local passenger and makes all stops
Carries chair ear And Pullman sleeper. Runs
through TO ChieASoArifhout change of cars.
Nos. Ss and SO are local trains running be-
txcen Dodge City and La JuntA-
Inquiries solicited and promptly and cheer
fully answered. Descriptive literature and
time table, folders free by applying to
G.J J.GAHvrS. Agent