davidaulloa/AmericanStories huggingface dataset:
, 1906-01-26

as much as our association to receive
and disburse each n every dollar of
its funds.
Fraudulent Building Associations.
In our report last year we referred
to the failure of the Fidelity Building
and Loan association of Denver, and
stated that it appeared from the inves-
legations of the receiver that many
loans were made upon securities which
were almost worthless, and that three
of the officers of said association had
each been receiving $500 per month for
their valuable services. Since that
time Edwin M. Johnson, the president,
n john 1. Jones, the secretary OF said
association, have been tried and con
victed on the charge of feloniously, will
fully and knowingly making and pub
lisching a false report of the financial
condition of the association, and they
at Canon City. Fidelity Johnson" as
he is now dubbed, is trying to get out
upon some technically, but a great
multitude whom he has swindled, are
hoping and praying that he will be re-
quired to serve out his full term of i'm
prisonment. These facts confirm our
former statements, that many Of these
outside building associations are sim
ply fraudulent Investment companies,
operated by a lot of Shylocks for the
express purpose of ~defrauding the peo-
pie. If we do business with strangers
who turn out to be swindlers, we have
no one to blame but ourselves. There
are no speculative features about our
association. 1t is in all respects a typ
ical building and loan association. We
issue no preferred stock" or paid
up stock"-everybody is supposed to
be treated alike, and as long as the af-
fairs of the association are in the
hands of honest, capable and conserva-
tive business men, our continued sue
cess is assured.
New Series of Stock.
Series No. 10 has just been issued.
Stock may be taken in this series at
any time during the year by paying
back dues and interest thereon at 1
per cent per month from January 25th.
, 1906-01-26

erage the same since thai time, series
Nc. 2 would have matured over two
years ago. 1t should be remembered,
however, that the members who find it
necessary to borrow money and pay in
terest to the association, are the same
members who pay all these premiums.
OF course it would be very gratifying
to the investor. to have his stock ma,
it would be exceedingly hard on the
borrower who is really the life of the
association, for a building association
can not exist without borrowers. Since
this association vas organized, the av-
.erage yearly premiums have been as
follows: 1892, 25A per cent; 1898, 10
per cent; 1894, 10 per cent; 1895, 1874
per cent; 1896, 1872 per cent; 1897, 17k
per cent; 1898, 1913 per cent; 1899,
1906 per cent; 1900, 1874 per cent;
1901, 20 per cent; 1902, 1873 per cent;
1903, 1889 per cent; 1904, 1897 per
cent; 1905, 1896 per cent. 1t appears
from this statement that premiums are
subject to more or less variation. In
fact premiums are governed by the law
of supply and demand. When we have
but little money for sale, and the sup
ply is not equal to the demand, the pre-
miums are high; when we have more
money for sale than we have a demand
for, the premiums are low. Our aver
age monthly receipts during the past
year have been over $4,000 per month.
This is over twice as much money as
was handled by the Cheyenne building
association. During the last four
months of 1905, when there was but lit
tie demand for money, we found it nee
essary to retire by lot s13,539.4O, but
the investors to whom this money was
paid in lump sums, have no reason to
complain, because it is exceedingly
doubtful whether they would have been
able to invest the same where it would
have earned as much.
, 1906-01-26

Under the caption, "Nothin' Much
the Cheyenne Leader is running a col
umn of bright, s~cintillating paragraphs
containing something in every sent
enca
, 1906-01-26

Uncle Joe Cannon's whip was n lit
tie too much for the boys and they
we're compelled to do considerable scuf-
rying at the final roundup.
, 1906-01-26

Happiness does not necessarily go
with any estate in life. Even a great
brewers s~on.in-law has committed sui
eide.
, 1906-01-26

It's durn cold around the office of the
secretary of state.
, 1906-01-26
No Bad Loans.

1t will b.. seen from the above state
ment of assets and liabilities, that the
association has no real estate left on
its hands. and it is confidently believed
that in case we should find it necessary
to foreclose any mortgage held by the
association, We would be able to real
ize a sufficient amount to save the as
~sociation from loss. We believe, how
ever, hat if the trustees had approved
all the securities which have been Of
fered for loans during the past four
teen years, in other words, if they had
been less conservative and more liberal
in this matter, we might have more
real estate left on our hands than we
would be able to dispose of except at a
loss. More building associations have
come to grief on account of insufficient
security than any other cause; indeed,
it is almost impossible for a building
association to fail if the securities are
ample. The remarkable success of our
association is due to careful, honest
and conservative management. We
now have s244,30O invested in loans.
These loans would in many cases have
but little value, had it not been for the
securities behind them. The greater
part of these loans are secured by first
mortgages upon improved real estate,
and the balance. is secured by stock in
our association, the withdrawal value
of which is in most cases much more
than the amount of the loan secured
thereby.
, 1906-01-26
Earnings.

1t appears from the above report that
$10S has been paid on account of dues
on each share of stock in series No. 2.
This money has now been invested for
months, or 81 months. The profits on
this investment, as shown by the re-
port, have been s46.S7. This is equiva-
lent to interest at the rate of 9.54 per
cent per annum, or over twice as much
as our banks pay on yearly deposits.
The rate of interest for the average
time in each of the other series. has
been the same. 1t therefore becomes
a very easy matter to verify the figures
and ascertain what the profits have
been on each share in any series. For
example, the total amount of dues paid
each share in series No. C, is S4S.
The interest on this amount for two
years, the average time, at the rate of
1854 per annum, is S9.16, or the profits
n share in series No. 6, as shown
in the report. Another method of prov
ing The correctness of the calculations
is to multiply the profits on one share
in q series one year old, by the square
OF the number of years any other Sc
ries may have run, and the product
will represent the profits on one share
in such other series. For example, the
, 1906-01-26

profits in series No. 9, which has been
issued one year, are 1924 cents. Sc
ries No. Z has been issued three years.
The square of 3 is 9, and 9 X 1924 cents
equals 1915, or the profits on one share
in series No. Z, as shown in our report.
The convers of this rule is also true,
that is to say, if we know the earnings
on any one share of stock in any Sc
Iries, the earnings on one share of stock
in a series il year old, may be found
by dividing the amount of earnings by
the square of the number of years that
such series has been issued. For ex-
ample, the earnings in series No. 2
have been $46.37. This series has been
issued nine years. The square of 8 is
81, and 1857 divided by 81 equals
S0.57, or the earnings oil n share in
series No. 8, which has been issued for
Ione year. 1t appears, therefore, that
the profits in the different series bear
a fixed and definite relation to each 9TH
'er which may be determined with
mathematical certainty, and there is
no guess-work about apportioning the
profits among the different series of
stock, but the amount apportioned to
each share may be ascertained with the
same exactness as in the old style or
terminating associations.
In his last annual report the secre-
.tary of the building and loan associa-
ton at Cheyenne was pleased to make
a comparison of the net earnings in his
association with the net earnings in
u association during the past four
years, and he congratulated the mem
bers of his association because it ap-
were more than holding their own with
an association as successfully conduct
ed as the Laramie association. The
comparison was based Upon the net
earnings on one share in series 2, 8 and
4 in our association, but the secretary
of the Cheyenne association evidently
ON6IiOOhtu me ldCI ludI WHeu THESE ST.
ries were issued, our association was
several years old, and as a matter of
fact matured its stock in series No. /
in July 1901. Suffice it to say that when
the stock in this series was four years
old, each share was worth $60.64, or Sc
cents per share more than similar stock
in the Cheyenne association.
Expenses.
The total receipts during the past
year were 1887. SO. The total ex-
pense incident to the investment of
this money was $244.35 or only 33-1O0 of
1 per cent Of the total receipts. The
building and loan associa-
ton has been very successfully and
economically managed. BY referring
to its last annual report we are enabled
make a comparison with our sister
association in the matter of expense.
1t appears from this report that its tot
receipts last year were $35, 900. go;
total expense (for one year, $646.75, or
Is per cent of the total receipts. These
expenses include $209.75 for publishing
the Building and Loan Review. This
TEN of expense Is supposed to he Maid
, 1906-01-26
New Series of Stock.

Series No. 10 has just been issued.
Stock may be taken in this series at
any time during the year by paying
back dues and interest thereon at 1
per cent per month from January 25th.
JOHN H. SYMONS. Secretary.
, 1906-01-26

Statement showing the number of sharesin each series, date when issued,
number of shares borrowed, number of shares unborrowed, amount paid on
each share, profits IN each share and present value of each share up to Jan
nary Ok 1qO CavcruGve).
St. Tammany farmer., 1906-10-06
VariOla in Parishes.

The State Board of Health is pre-
pairing to send out letters to every
ply ysician in the State, pledging its
hearty CO. operation in the checking
of tuberculosis in Louisiana. At
the same time, it will guarantee it's
assistance toward preventing the
spread of variola, which seems to
be alar,ningly prevalent in many Of
the parishes.
Ii both instances, it will be the
purpose Of the Board to ascertain,
as far as possible, the number and
locality Of these cases, ana they
will ask every physician in Louisi-
ana to furnish them with this infor :
mation. In connection with this
work. special representative OF
the Board will probably start out
shortly on tour Of the parishes to
consult with the municipal and par
ish health officers with reference to
the same.
It is the intention OF the Board to
call q specisl conference within the
next few months, to which will be
invited all physicians and santa
rians interested in the subject of
tuberculosis, and arrangements will
be made to have papers from men
Of national experience in connection
with the White Plague.
St. Tammany farmer., 1906-10-06
Yellow Sugar.

Unless the United States Pure
Food Commission changes it's mind ,
the people OF the United States will
soon be using granulated and other
sugars that have q distinctly yellow
ish tlnge. The commission has de.
creed that no mineral bluing sub
stance be used in bleaching sugar.
and the refiners and their chemists
are much disturbed. Sugar chem
lists say that they use four pounds
Of q mineral bluing substance to
every one million pounds OF sugar,
for bleaching purposes. This, the
sugar chemists cay is not adultera-
tion; that it is merely publication
By 40 entirely healthfal process
The Pure Food Commission cannot
see it 10 that light, and insists tina,
the whitening process be aban-
doned. II that is done, the resul,
will be that oil sugars refined under
the ComniIssion's new directions
will be Of : distinctly yellowisl
shade.
St. Tammany farmer., 1906-10-06
vENIRE..
Twenty-Sixth Judicial District Court Of
Louisiana, in and for the Parish Of

Twenty-Sixth Judicial District Court Of
Louisiana, in and for the Parish Of
st. Tammany. S
BEIT KNOWN and remembered. That
on the eleventh day of September, in
the year of our Lord, nineteen hum
ired and six, being the cay fxed
therefor by order OF Court. I, Il. B.
Warren. Clerk Of the Twenty-sixth Ju-
dicial District Court and ex-Ofiicio Jury
Commissioner for the Parish Of st Tam
many. having previously summoned IN
writing Ernest Prieto, 3. j. Talley, Y.
II. Frederick, Charles Oulliber and r.
F. Buckley, Jury Commissioners, 3.
+. Philips and n. F. McMahon, free
holders and citizens of said Parish, ],
as witnesses, to appear on this day; and
Ernest Prieto, y. j. Talloy, v. II. Fred
erick, Charles Oulliber and r. F. Buck.
ley. Jury Commission ers, having
appeared in my Office, In the Court
house In the Town Of Covington,
Louisiana, the place designated by ME,
did proceed with tue Ju-y Commission
ers. in the presence o. the witnesses
Aforesaid, to examine the general Venlre
List. ana strike t..erefrom the names vfmll
persons who lave served as grand and
regular jurors since the previous draw
ing Of che general venire, as we'll as all
those persons who have died. removed
from the parish, or otherwise 6isquali-
aed. and 10 remove from the General
Venire Box the slips containing the
naaeg OF the persons 50 stricken from
the list.
We, the said. jury Commissioners
aforesaid, il the presence Of the afore-
said Witnesses, then supplemented
the general Venire List BY adding
thereto the names Of rs many qualified
jurors q was required 10 ulake three
hundred, and by adding to tho ballots
in the General Venire Box, on separate
slips Of paper. the names Of the persons
30 added TO tho list We the Aforesaid
Jary Commissioners, in the presence oi
the Aforesaid Jury Commissioners and
St. Tammany farmer., 1906-10-06

Hon. Robt. S. Ellis. District At
torney OF Tangipahoa Parish, called
Il the Advocate Office, Wednesday,
and stated that several newspapers
had published the statement that
under the game law, as enacted by
The Legislature Of 1906, the open
season Tor killing game extended
from Oct. 1. He says this is mis-
take. That the Legislature author
ixes the Police Jury TO change the
time for killing deer; but the time
for killing birds, ETC., remains as II
was before-that is, it opens Nov.
1.-Amite City Advocate.
St. Tammany farmer., 1906-10-06
Gaiii6sLa.

The Police Jury; 3ss JulYI
meeting. amended the game law,
making the open season for deer,
turkeys and partridges from Oct.
l to Feb. l. This appears to be
in violation of the State law, aud
if so the matter will doubtless be
remedied at the meeting of the
Police Jury next Monday.
The following letter from Hon.
Harvey 4. Ellis fully explains the
law, as established at the recent
session of the Legislature:
Office of ELLIS & Whitley
Attorneys at Law,
Covington, La, Sept. %, 1906.
Editor st. Tammany FARMER:
Dear Sir-A number of people,
in discussing the game law of this
State, and which applies TO this
Parish, state that quail can be shot
on and after October l, 1905. This
Is an error, in that Act l99 of the
acts of the General Assembly of
the State of Louisiana, for the
year 1905, amends section 5 of Act
1876 of 1904, and the law now
| reads as follows:
"Be it further enacted, ETC., that
it shall be unlawful for any person
to kill, snare or trap, or IN any
way destroy any of the following
named game birds and fowls be.
tween the date of the close season
herein named-doves, rails mud
thens), coots (poule deau), gall
mules, surf birds, sandplpers, cha
rocks, tattlers, curlews, plover,
grosbeck, robins, from March ! t
August /; snIpe, ortoion (ceda1
birds), papabottes, from May II
to August /; wild ducks, swans
geese, brandt and sandhill cranes
from April l to September l; quail
| from March ! to November /; tur
key, from April l to December !
woodcock, from March l to No
vember /.
From the above, you will not
that quail or, as they are called II
this section of the country, par
fridge and woodcock cannot be sho
until November l, and turkeys un
til December l. ~.
Yours truly,
HARVEY Il. ELLIS.
St. Tammany farmer., 1906-10-06

Mr.. F. Z. Brignac, . registered
pharmacist, from Lutcher, La. ar
rived last Thursday, and IS now
duly installed in Jos. S. Claverie'si
drug store. Mr.. Chapotel, the for
naer pharmacist, has gone to &C.
cept a position in New Orleans and
attend college.
St. Tammany farmer., 1906-10-06
AlOnx0 Smith

And We Icing of the opinion that q
jury was not needed TOR tho second weel
Of said court, the said Jury Com e is.
sioaers placed all of said slips in m
envelope, and endorsed Is above stated
and scaled, were by us placed in the
.s.Jury Box" and locked and sealed and
placed in the custody OF the Clerk oi
Court, in the preseuce OF the above
mentioned witnesses. tor use at the en-.
suing session Of court.
All of these acts OF the Jury Commits.
sioners aforesaid having been done in
the presence Of each other and of the
witnesses above named ana lne, ex.Uf
hcio Jury Commissioner aud Clerk, all
Of whom hereunto sign their names, on
the same day and date first above writ.
ten. ERNEST PRIKrO.
s. ]. TALLY,
v. H. FREDxRICK.
CHARLES OULLIBER,
B. r. BUCKLEY, /,
Jury Com aixsioIers.
ii. B. WARREN,
Clerk and Ex-oficio jury Commissioner
Witnesses:
s. F. PHILIPS.
u. F. NcAlAHON.
St. Tammany farmer., 1906-10-06
ORDINANCE.

Ordering special election, At which shall BE
submitted to the property taxt4V{fx Of the
Town of Covington, Parish of 81. Iam-
many, Louisiana, entitled to vote under the
laws OF the State Of Louisiana, tie question
OF levytng special tax Of four III mills per
annum for period Of ten llU) years, uron
all assessed and assessable property situated
IN the said Town Of Covington. for the pur-
pose Of erecting, constructing and msin-
tanning public school house or school
houses, and for other school purroses, IN
saI s.flct @ c4nformity to petition Of more than
said town OF Covington. hereto annexed
an0 made part hereof, and subject to the
eondltions g sst forth in the said petition.
Gil OF the Town of covington. in legal xession
convened. That special election bc ned
throughout the Town of covington, Parish Of
Ssv 3. Iam9mmany. IN Louisiana on MONDAY, the 18th
Wy q OctOer, 1906, at which shall be sub
who are entitled to vote under the laws or the
s.asS s;. o. Louisiana, the question Of levying
ten years, upon all assessed and assessabIe
property situated In the said Town az Covinr-
ton, Tor the purpose Of erecting, constructing
hnnlns MAINTAINING public school house or school
law. ~~Sv.s.'''k -
Sec Be |. further ordained, etc.. That said
laws OF the State, and at the polling nlsces sx.
tabiished BY law in said Town Of covtnsstesn
and the ballots to be used shall be printe IL tn
form fOllowinh, to-wit: s'' s.' s.''
For special tax of 4 mills. for ti,~ r,,rr,.. "a
eIsctlng. constructing and maintaining ns,blic
scnool house or houses, and for otter scioni
puIp4;sss s;s annually, for the term of ten years.
pose ~ tax Of four mills for the pur-
public school house or houses, and Tor other
ss senooi purposes, annually for the term Of ten
SEC. 8. BE It further ordained. etc. rh.. -.
Board OF Supervixorx ~ Eie~fic,,. S W.
St. Tammany farmer., 1906-10-06
YOUNG MOTHER At 70.

My mother has suddenly been maue
yonng at 20. Twenty years Of intense
suffering from dyspepsia had entirely
disabled her, until six months ago,
when she began taking Electric Bitters,
which have completely cured her and
restored the strength and activity she
had in the prime OF life." writes Mrs.
W. L. Fitzpatrick, Of Danforth, Me.
Greatest restore tive medicine on the
globe. Sets Stomach, Liver and Kid
neys right, purifles the blood and cures
Malaria, Billiousness and Weakness.
Wonderful Nerve Tonic. Price SO 0osnts.
Guaranteed by J. L. Watkins' City Drug
Store and Jos. 8. Olaverie, Druggist :
St. Tammany farmer., 1906-10-06

MARRIED-On Thursday, Sept.
~, 1906, at the home Of the BRIDES
parents, at Ruth Plantation, in St.
Martin Parish, Mslcomb II. White
and Miss jamie Marion, Rev. G. C.
Kramer officiating.
The groom is q popular young
real estate man of Covington, and
We join his many friends in extend
ing congratulations.
St. Tammany farmer., 1906-10-06

MARRIED-As Trinity Church,
il Shreveport, La, on Thursday,
Sept. ~, 1906, Maurice Pianche
and Miss Kathleen Slattery, Rev.
Father Bertel officiating.
The groom is q populsr young
business man OF Covington, and the
bride is . daughter Of Mr.. T. A.
Slattery, foreman Of the Picayune
press room. We extend congratula-
tions.t
St. Tammany farmer., 1906-10-06
Record Breaking Climb.

& 3sneeiai to The Times-Democrat;
Tacoma, Wn., Oct. PA party
of tourists have just sent word from
Seward, Alaska, that on Sept. Is
they climbed Mt. Mckinley 70 .
4 height estimated 10 be about 22.-
800 feet. They found the tempera-
sure on top to be 16 degrees below
s1eroS u.
|; 81 ID The first imethat anyone
= = NJ -6iylslr III climbsd % th1 top OF this
I rlnouutain which holds the record
I ~ ne highest In North America.
St. Tammany farmer., 1906-10-06
A BADLY BURNED GIRL

or boy, man or woman, is quickly ont
Of pain, If Bucklen's Arnica Salve is
applied promptly. g. ]. WEIGH, Of Te-
konsha, Mich, says: II use 1t in my
family for cuts, sores and ~ skin inju-
ries, and find 1t perfect" Quickest
Pile cure known. Best healing salye
made. Is cents at ]. &. Watkins' City
Drug Store and Jos. s. Claveris Drug
gist.
St. Tammany farmer., 1906-10-06

Pythlan Knights, to the number
100, 600, are expected to assemble
ia New Orleans October Is to 81
for the gath Biennial Conclave Of
the Grand Lodge. Elaborate
preparations are under way tor the
entertainment of the knights, and
over SIC, 900 will be distributed In
drill prizes alone.
St. Tammany farmer., 1906-10-06

Statistician Hughes, Of the Agri.
cultural Department, reported that
farm property in the South was in
creasing more fapidly in value than
that in any other portion Of the
scOuutrY.
St. Tammany farmer., 1906-10-06
Tax Collectors Notice.
TAX COLLECTORS OFFICE ,
Parish Of st. Tammany,
COVinGtOn. La. Sent. "a lpCe

The taxes assessed for the year 1906
are set forth 10 the tar roll now on fiie
In my Office, aud in the mortgage office
Of this parish. They are now due. and
II Eot paid will be delinquent on the
31st day Of December, 1906. and viii
draw one PEI cent per month interes,
from thst date until sold, in accordance
with article 2l0 Of the Constitution.
The taxes on oil movable property
must be paid Immediately.
T. 3. BREWSTER.
SheSt9 and Tax Collector.
St. Tammany farmer., 1906-10-06

The United States Government
took possession of the Island Of
Cuba last Saturday. Secretary Of
War Taft is Provisional Governor,
and Brig. Gen. Funston was placed
ia commaud of the United States
troops.
St. Tammany farmer., 1906-10-06
Mrs. B. n. Miller returned this
week, after sojourn of several
months 10 Europe.

Last Saturday the Junior team
OF st. Joseph's College defeated
the Covington Junior team by q
score Of 9 to 2.
St. Tammany farmer., 1906-10-06

The Democratic Congressional
Committees campaign book has
been issued at Washington, and it's
title prge bears the motto: equal
rights to all; special privileges to
none.
St. Tammany farmer., 1906-10-06

President Smith, of the Mormon
Church, was arrested at Salt Lake
City on the charge Of unlawiully
living with five wives.