davidaulloa/AmericanStories huggingface dataset:
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1907-11-04
CREDIT SYSTEM FOR BANKS
Continued From Page 1.

absolutely conclusive proof of the asser-
ton:
IF the banks in which she $3.50, 900. o0O
had been deposited had been authorized,
as they should have been. to create bank
note credits as well as bank book credits,
and they had proceeded to convert this
$3.50, 900 600 of bank book credits into bank
note credits. the banks would not have
way whatever and the whole country
would have been amply supplied with
currency with which TO transact all the
fall business.
Cashiers Checks.
How could this have been done? Sim
ply by authorizing each bank to issue
cashiers checks. payable to bearer. which
is a current credit, that is. credit that
passes by mere delivery. requiring no en-
dorsement. By this process the $3.50, co.,
eco of bank book credits would have been
converted into bank note credits, and as
the reserves required for both forms Of
credits should be the same, there could
have been no change whatever in the
situation. The bank debt is the same. the
amount of the reserve is the same. 1t
has been only a matter of bookkeeping.
IAN issue of credit currency adequate
to meet the requirements of trade and
currently redeemed in gold coin. is a
principle followed by every civilized coun-
try in the world except our own.
Credit Currency.
Mark this: The banking power OF the
United States in 1890 was about five bill
lions, and now exceeds sixteen billion dol
lars-or equal to the entire banking power
of the world in 1890, which Mulhali placed
at SIS. $50. 100000. Today the banking DOW
er of the entire world. outside of the
United States. is only 81, $50, 900 coo, and
of this amount 20 per cent or more than
81. 00oO0o.Go0. is in cashiers checks or cur
rent credits-that is. credit currency-and
vet while the limited Statac hac fhran
seventies of the banking power of the en-
tire world, it has not one single dollar of
current bank credit, although the four
seventies of the world s banking power
has the advantage of $1,000. 600 600 current
credits of credit currency.
ION the same basis. we are entitled to
have sS.0oo,o5oooo OF currency credit or
credit currency.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1907-11-04

Expert Chiropodist
The Sanitarium Baths.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1907-11-04

Ask your grocers for the Vienna
Walnut Bread.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1907-11-04

Ask your grocer for Royal Nut
Bread. The Crown Label is on every
loaf
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1907-11-04
ScotIandis Currency.

Scotland has a credit currency issued
by the banks that expands and contracts
twice year at the rate of S1-22 per cap
ita or S500000.
'"The same ratio would give the United
States about $1,000 900, 900 of credit cur
rency, but we have not one cent of credit
currency, though we need it more than
any other country in the world.
France has a credit currency issued
by the Bank of France which is con-
stantly expanding and contracting
throughout the year at the rate of 81. 10
per capita. or ss7,600. 600.
'''The same ratio would give the United
States $3.50, go 900 credit currency.
Canada has a credit currency issued
by the banks t1at expands and contracts
at the rate of 3.29 per capita every fall
or $25.0O0.090.
1.-The same ratio would give the United
States $3.50, 100000 of credit currency. But
we have none
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1907-11-04

New Pianos for Rent.
20 West First South.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1907-11-04

The simplest way to vote will be to
turn the second lever until the bell rings
then throw back the handle that opens the
curtains and walk out.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1907-11-04

If DR.. Plummer should happen to come
within a thousand votes of getting as
many as were given to Lynch two years
ago, nobody will be more surprised than
the best posted Republicans.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1907-11-04
1t certainly does look good for Morris

1t certainly does look good for Morris.
Go to your polling place early t0raor-
row and get your vote in. If it's for Nor
ris, you can then go about your business
feeling that you have done your duty
If you don't intend to vote tne Democratic
ticket 1t win reilly be a waste of time
to go to the polling places. You'll only
be wasting your vote.
After tomorrow some Americans and
ltepuhlicans viii make n stronger bluff
at earning their salaries than they have
been making during the last few weeks.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1907-11-04

to the voting machines. and it may be
known earlier. The Herald will as usual
stereopticon the returns and it goes with
out saying that none in the city will be
earlier or more accurate.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1907-11-04

The best feature about q campaign. af-
ter all, is the joy with which everybody
connected with it sees its finish.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1907-11-04
Legal 1I-nks.

Tribune-Reporter Pig. Co. &C w. I'd So.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1907-11-04

cent, while our reserve would be in
creased 100 per cent; it would be 20 per
cent and this end alone is sufficient to
justify the adoption of the principle of
current credits in this country.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1907-11-04

The American headquarters will LIE
kept open for about two days after the
election, but not for the purpose of pay
ing off those old accounts.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1907-11-04

The committee on evasion. which has
been of such tremendous value to Chair
man Darmcr. will he dishanded forever
tomorrow night
The Tupelo journal., 1907-10-18
Missisdppi
News
Work for the Legislature.

From recent utterances of Hon. E..
L. Noel, the next governor of Missis-
sippi, from expressions from nominees
for the legislature, and from discus
siens in the press, among the important
matters to which the next legislature
viii give earnest and thoughtful atten-
ton will be: An elective Judiciary
amendment to the constitution; a reap
portionment of representation ir tse
legislature; q more equitable d%istriou-
ton of the common school fund; statu-
tory prohibition; constitutional prohi-
bition; to establish a teachers training
school; TO establish a home for INDECENT
old women; to fix a 2-cent railroad pas
senger rate; to require corporations TO
pay a equitable proportion OF the
States taxes; to strengthen the laws
governing certain public service cor.
porations. 1t is probable that a vigor-
Gus effort will be made to call a con-
vention for the purpose of framing q
new constitution.
The Tupelo journal., 1907-10-18
NOT TO RUN FOR THIRD TERM
Mrs. Roosevelt Looking Out for the
Children.

Neutrality-suspicious. have changed
the faces OF empires, and why should
not a woman have a strong voice in
saying whether such and such asman
should rule the republic of so and so?
Capital gossips assert Mr.. Roosevelt
viii keep his promise not to run again
for the presidency, and in that retire.
ment he will be fulfilling not merely
his promise to the people, but his
pledge to his wife. Mrs. Roosevelt has
informed exceedingly close friends that
her husband and she long @ decided
that, purely as a family affair, not a
political one, they and theirs would
leave the White House on March 4,
1909. The spreading of that story
within the last couple of days has caused
a stir, of course, but as far as society
alone is concerned, a second piece of
gossip is of equal interest.
This N on such good authority
that it may be classed as information
rather than gossip. 1t is said that
Mrs. Roosevelt Reluctantly has consent
ed to introduce her younger daughter,
Ethel, to Washington society, probably
in Christmas week of 1908. Mrs. Roose-
welt, say her confidants, is determined
to shield Ethel from the publicity that
came to Alice Roosevelt, and she would
prefer that Ethel wait until the family
should be established in private life.
The Tupelo journal., 1907-10-18
GERONIMO, FAMOUS APACHE,
To Deliver a Spiritual Message at
Coming War Dance.

Tulsa, l. T.-Geronimo, the famous
Apache. a prisoner of war, accompa-
MED by his eighth wife and his daugh-
ter, passed through Tulsa yesterday en-
route to Collinsville, where he is TO be
the guest of honor at the last Indian
wal dance and pow-wow. The old
warrior looked tired and worn. but
through his Interpreter said it was
trouble on his mind that made him APP
pear weary.
Discussing the subject of his visit and
the probable effect it might have, Ge-
ronimo said:
1.-THE celebration at Collinsville IS a
religious rite, and not q blood-thirsty
affair. Twill discuss matters of vital
concern affecting the fullbloods in the
new State and their spiritual welfare.
The spirit father in the clouds has sent
a message to all Indians and | will de-
liver it to them while the dance goes or.
II have made peace with my master,
and my theme is to lead my people
safely across the broad field of peace TO
eternal happiness. | am no longer an
old Apache warrior who killed and
scalped men merely for pleasure, but
am an old man, full of sorrow and re-
greet"
The Tupelo journal., 1907-10-18
OIL OFFICIAL DEFiEs INQUIRY.
Fefuses Even + Be Sworn at Pitts.
burg Municipal Probe.

Pittsburg. Pa.-John G. Pew,
vice-president of the Peoples Gas Co.,
owned by the Standard Oil Co., re-
fused to answer any questions put to
him by a councilmanic investigating
committee regarding the price of pro-
ducing natural gas and the profits and
methods of doing business. He re-
fused to be sworn.
The committee was appointed under
an act which gives the city the right
to make Investigations for its own
welfare.
The meeting adjourned until the
city's law department can ascertain to
what extent the committee can go in
compelling witnesses to testify.
The Tupelo journal., 1907-10-18
HoRsEMAN KILLED BY TRAlm.
Joseph Mayer, Once Accused as Slayer,
Meets Death on Tracks.

Kenosha, Wis.-Joseph A. Mayer,
forty-one years old, farmer and own
er OF race horses, was struck and In
stantly killed by a train on the Chica-
go, Milwaukee & st. Paul road near
Raney station. Mayer. was born in
Milwaukee. His parents died when
he vas an infant. twenty-five years
ago he was picked up as a waif on the
streets Of Milwaukee by William
Mayer, a wealthy widower of this
county, and brought to Kenosha. Later
Mayer adopted the boy and made him
his sole heir. At the death OF the ia
Their, three years ago, Mayer came
into possession of a large estate. Ten
years ago Mayer shot and killed Den
mis- Riley, a Northwestern railway de.
tective and a brother of the present
chief of Northwestern detectives. The
shooting took place in front Of the
Northwestern station, Wells street.
Chicago. The grand jury failed To-
find an indictment against him.
The Tupelo journal., 1907-10-18
SPINNERS VISIT GALVESTON
Foreigners Are Entertained Elabor-
ately at Texas Town.

Galveston, Textile foreign spin
ners to the number of 1870 arrived here
this afternoon. The visitors were met
at their special by a large delegation of
representative citizens, headed by
Mayor Landes.
The revenue cutter Wyndom was IN
waiting, and the visitors we're taken on
a cruise through the harbor around the
gull. They made a brief inspection of
the new piers of the wharf company
and Sunset Docks, and then the Wynn
dom steamed through the g~rade-raising
canal to the beach, where the city's
guests enjoyed an inspection of the sea
wall and beach resorts. The Garten
Verin was the next place, and here a
fish fry and general reception was in
rdulged for two hours. 1t was an in
formal affair, and before the days
vents were concluded the guests and
their hosts were fairly well acquainted.
The Tupelo journal., 1907-10-18
SAYS MAY SAPP KILLED SELF.
Man Tells Prosecutor He Saw Her Cut
Her Throat.

lola, Kas. The mystery that has
surrounded the death of Miss May
Sapp of Moran apparently was cleared
up Tuesday, when Samuel F. Whitlow,
a married grain and feed merchant of
Moran, made statement that he wit
messed the girls death. He declared
that the girl committed suicide be-
cause of her infatuation for him. He
told his story in the presence of C. o.
Bellinger, sheriff; C. j. Peterson, coun-
ty attorney; j. N. Sapp, the father of
the dead girl; Ray Smock, her broth
er-in-law, and a Pinkerton detective.
The Tupelo journal., 1907-10-18

There is one inlet in the Pacific
ocean where the conventional term
the silver sea- is absolutely inap-
proHriate just now. At the mouth of
the Santa Clara river, California. the
water has a bright golden hue, owing
10 the presence of tens of thousands
OF floating oranges. These are not
the fiotsam of washed-out orchards.
but were deliberately thrown into the
river from the great packing houses
in the Sespe neighborhood. The
crops are so large that only the bes.
oranges are worth keeping.
The Tupelo journal., 1907-10-18
TROOPS AMBUsHED
MALAYs MASSACRE TWO coMPA-
MES OF DUTCH.
NOT ONE ESCAPED WITH HIS LIFE
and Were Attacked While
in Camp.

Victoria, B. C.-Latest mail ad-
vices from Batavia report yhe am.
buscade and the massacre of two com.
panies of Dutch troops by natives in
Celebes. Eleven men sent to secure
a native chief were attacked while in
camp, some being at breakfast and
others swimming and they were butch
cred to a man. Lieut.. Matthes, com
manding the force, had gone with six
men to the chiefs stronghold, and re
turning joined forces with Lieut.. Kies
and Is men.
The company had heard nothing OF
the slaughter of the other force and
when they were shifting camp, they
were set upon by a large force OF
blacks. Not one escaped.
The Tupelo journal., 1907-10-18
kaW River NaviqabIe.

Kansas City, Mo.-A decree of
Judge Pollock in the federal court
in Kansas City, Kas., Thursday to the
effect that the Kaw river is navigable
and that its channel must be extended
to an average width of 800 feet will
necessitate the lengthening and rails
ing Of many of the costly steel bridges
spanning the river. nearly all of which
have been built since the destructive
food of 1903.
The Tupelo journal., 1907-10-18
NEGRO IN RoMADkA MYSTERY.
Police Believe He viii Prove Womaa'S
Ralph Smith,"

Chicago, IL That Albert jones,
a negro, arrested az an acquaintance
.of Mrs. Charles j. Romadka, may be
the Ralph Smith" who, the DIX
says, gave her $1,000 worth of jewelry
said to have been stolen from Mrs. c.
E. Beck, is believed by the police. The
negro was located through the list Of
telephone calls Mrs. Romadka has reg
istered against her at the Victoria
hotel, and it is said that she called him
up several times a day. Jones admits
he knows her, but says he was en-
ployed by her TO run errands. for
which she paid him as much as So and
S. each. A search of Jones' apartment
is said to have revealed a suit case
full CT iewelry and several empty jewel
boxes.
The Tupelo journal., 1907-10-18
W. c. T. U. HOME UNDER FIRE.
Guaranteed as ~Unsanitary and Matron
Is Accused of Brutality.

Eau Claire, Wis.-Following the
advice of the state board Of Health,
the health authorities Of Eau Claire
made an investigation of the State
Woman's Christian Temperance Union
maternity home in this city and found
the place to be u%nsanitary and owe
crowded. Every inmate is afflicted
with the itch. The home was placed
under quarantine and officials are in
vestigating charges made by inmates,
who allege that they were horse
whipped by the matron, locked in dark
water diet, and that wheat bran and
dry bread constituted the principal
part of the daily menu.
The Tupelo journal., 1907-10-18
MINER IN BONE MURDER.
Two Men Who Committed Crimes Ara
On Way to Cheyenne.

Portland, Ore.-A long distance
telephone message to the Orego-
MAN from Granite, Ore, states that
Frank Tucker was arrested there "a
suspicion of beng an ~accompilce t.
the Harvey K. Brown murder at Baker
City.
Tucker made a statement while IN
der the influence of liquor which
caused his being taken into CUSTODY
that he vas at Baker City the night
of the explosion; that he knew the
the names of the two men who ex
ploded the bomb. He now refuses to
say who they were.
He says the two men are on their
way to Cheyenne, Wyo,
Tucker claims to have worked fl
mines in Butte and Colorado, says be
is a member of the Western Fedora
ton of Miners, and says he has d
brother who lives in Scio, Ore.
The Tupelo journal., 1907-10-18
Hobson on Switch Engine.

Knoxville, Tenn.-Capt. Richmond
Pearson Hobson, the Alabama con-
gresham, was a passenger on a delayed
Southern train tonight en- route &c
Memphis, where he speaks tomorrow
night. Alighting at the depot for a
late supper, he became SO Interested in
his meal that he allowed his train to
pull out without him. As soon as the
fact was discovered the railroad au.
thUrities loaded the congressman on .
switch engine and held the train at the
next station until his arrival.
The Tupelo journal., 1907-10-18

A wealthy Texan is having a statue
of John d. Rockefeller made ard
wants q suitable inscription. Well,
there is, He made him to suck hon
ey ont of the rocks, and oil out of the
iinty rock" or, "Will the Lord be
pleased with ten thousand rivers OF
nil?" or But the wise took OIL" Or,
says the Indianapolis Star, if he does
not want scriptural extracts, he might
use, He was a big five man; or
Base is the slave that pays" But
III he really wants to touch John with
delicate fattery. let him make it HE
eve fuddled his tee."'
The Tupelo journal., 1907-10-18
PROFESSOR RUNS MILK ROUTE,
Wealthy Resident of Winsted Suburbs
Charges 10 Cents a Quart.

Winstead, Conn.-PrOfessor NJ. |.
Pupin, instructor in Columbia univer.
sity, inventor of the ocean telephone,
and one of the w%ealthiest residents OF
Norfolk, near here, has gone into the
milk business in the latter town, run.
ing a cart from house to house. 1t is
understood that he gets 10 cents q
quart, while other milkmen get but Z
cents.
Professor Pupin a a vegetable
wagon through the village last sum
mer and most of the New York fam
lilies comprising the Norfolk sumller
colony were among his customers.
The Tupelo journal., 1907-10-18
Meridian May Get It.

Meridian may entertain the next
meeting of the Mississippi division of
the Farmers Educational and Co-opera-
tive Union of America, TO be held Jan.
2, 3 and 4, 1908. President Neville OF
the Meridian board of trade has re-
ceived a letter stating that a place of
meeting had not yet been definitely set
tied on, but that Meridian and jackson
are practically the only places being
e 1nsidered.
The Tupelo journal., 1907-10-18
The Weevil Is Here.

Announcement is made that the boil
weevil has crossed the Mississippi and
actually invaded the cotton fields of
this State. The announcement, al
though made by an expert of the gov
eminent in such a way as to leave no
doubt as to the diagnosis, has not
created the excitement it might have
been expected to create. This may be
due in Il measure to the fact that the
people have been expecting the insect
to make its appearance and were pre-
pared for the announcement.
The Tupelo journal., 1907-10-18
MAY Fine Santa Fe Million.

San Francisco, Cal.-After a
brief deliberation, the jury in the case
of the Santa Fe Railroad Co, charged
with rebating shipments rendered a
verdict of guilty on all counts enumer
ated in the indictments found by the
grand jury. The maximum fine for
the offenses charged is $1,100,000 apd
the minimum is SG6, 900.
The Tupelo journal., 1907-10-18
LYNcHlNG is THREATENED.
Cab Driver Assaults Society Girl at
Logansport.

Lo~gansport, Ind.-When Barney Car
digan, an actor, left Miss Grace Mar
vim, a beautiful society girl in q cab
and entered a restaurant this morning.
Claiborne Lewis, the negro driver Of
the cab, dashed the horses into a gallop
through the business district, Cardigan
pursuing him with a revolver. Two
hours later the police captured the me-
gro in the cab with Miss Marvin, who
was unconscious and with marks of VIC
lence Oh her throat.
Physicians declared that she had
been criminally assaulted.
Lewis said he did not know what he
was doing, and was taken q roundabout
way to the jail, The girls father tried
to get a pistol to kill the negro. A
lynching is threatened.
Cardigan recovered the diamond rings
which Miss Marvin wore and 81 he had
left in his overcoat in the cab.
The Tupelo journal., 1907-10-18
WOULD TRADE PROFESSORS.
Scandiravians Discuss Proposition of
Exchanging Educators.

Copenhagen, Denmark. The DAM
ish press is earnestly discussing
the proposition to exchange professors
OF the University of Copenhagen and
other Scandinavian educational insti-
buttons and professors of American
universities. 1t is understood that the
Scandinavian societies in the United
States will be appealed to, probably
resulting in the formation OF an or
S~anization similar to the alliance fran
chise and that the financing of the
project might thus be brought about.
The Tupelo journal., 1907-10-18
Freshman Slashes Two Hazers.

Corvallis, Ore. John Kelley and
Richard Skibee are in the hos.
pital and the authorities of the Ore
gon agricultural college have started
a movement forever to abolish hazing,
as a result of the defense put up by
Robert 0lph, a freshman, when the
sophomores tried to throw him into a
lake. He slashed into the crowd with
a knife and Kelley and Skibbe fell.
The others ran.
The Tupelo journal., 1907-10-18
South Dakota Prisoners Escape.

Aberdeen, S. Delight prison
ers in the county Jail here waiting
trial for various o~ffenses, ranging from
petty theft to highway robbery, es-
capped Thursday night by saving
through the bars of a window. Sew
enteen others refused to take advan-
tage of the opportunity to escape.
None of the escaped prisoners have
been recaptured.
The Tupelo journal., 1907-10-18

Now that it is at least legally pos.
sible for an Englishman to marry his
deceased wife's sister British clergy.
men are evidently afraid Of a rush OF
such marriages. They need have nc
such anxiety. Where one such mar
rage occurs a hundred other brothers
and sisters by law will be found tc
regard such alliances with the same
degree of distaste that the clergymen
do, not because of the degree of con,
sanguinity, however, but because they
know each other too well.
The Tupelo journal., 1907-10-18
Kansas w. c. T. U. in Session.

Eldorado, Kas. Tho Women's
Christia n Temperance Union met
in state convention here Tuesday for
a three days session. A number of
delegates are in attendance, among
them State President Mrs. Elizabeth
P. Hutchinson, Treasurer Mrs. Hadie
E. Lewis, National Organizer Mrs. Adj
die Zehner of Dallas, Tex. and Mrs.
E. w. Hoch.
The Tupelo journal., 1907-10-18
New Director at Jamestown.

Norfolk, Va.-The board of d.
rectors of the jamestown exposition
accepted the resignation Of J. M.
Barr as director general of the expos
ton. Alvah H. Martin, first vice presi-
dent and governor of the transporta-
ton of the exposition company, was
elected director-general to succeed Mr..
Barr and accepted the office.
The Tupelo journal., 1907-10-18
Would Abolish the Oaice.

There is a movement on foot to have
the Office of county treasurer abolished.
1t is claimed that under the present
system %treasurers are elected largely
through the influence of some bank
which has in advance secured the prom
Use of the deposits of the funds that
would come to the treasurer's hands,
and the real treasurer does not see the
money he is supposed to handle.
The Tupelo journal., 1907-10-18
Guards Kill Twenty Convicts.

Tobolsk, Siberia.-A gang OF CON
from Tyumen, Eastern Siberia, at
tackled their guards and wounded six
The guards fired On the ~convicts 20
of whom were killed. Eleven OF the
prisoners escaped with rifles, which
they had wrested from the members
of the escort in the hand-to hand fight
which followed the outbreak.