davidaulloa/AmericanStories huggingface dataset:
Manchester Democrat. [volume] (Manchester, Iowa) 1875-1930, 1907-11-13
OF panic
Subject Now Engrossing the
Attention of Financiers
and Statesmen.
COSTLY LESSON IS DRIVEN HOME
Position Of Trust Companies Held
Largely Responsible.
President Urged to Call an Extra SEES
sion OF Congress Representa-
tive Fowler Advocates u
Credit Currency.

New York, Nov. 1.-THE conditions
which have had to be met in the re-
cent crisis have given a strong i'm
petus to the movement for providing
increased bank currency, and is expect
ed to induce early action by congress
Ia authorize new forms of bank note
issues. The experience of the country
in a period of high prosperity and ac-
tive business and industry, and with
the banking position sound and
solvent in coming almost to dead
lock for lack of means to make banking
resources quickly available for the
needs of the circulation has made
deep impression in intoxicating the
need of an emergency circulation
which can expand quickly in such time
of need
Position of the Trust Companies.
In another direction it is practically
certain that measures of correction will
be adopted for the trust company po-
sition mt New York. which is now seen
to have proved the weak link in the
financial chain. Here again the solven-
cy Of institutions did not avail to meet
sudden demands of dcpositors without
recourse to the banks for assistance,
the assistance thus rendered proving
the strain that precipitated the crisis.
Discomfort Has Been Voiced.
The Clearing House banks for sew
eral years have voiced their discomfort
with the trust companies position
which was due to the great growth of
these Institutions and their undertake
| ing of purely banking functions in the
acceptance Of large deposits subject to
check and to payment on demand with
ont obligations to maintain cash re.
serves in the proportion enforced on
the banks. Efforts of banks to coerce
the trust companies in this regard led
to tile withdrawal several years ago
of most of them from the privilege of
clearing through the banks.
Extra Session of Congress Urged.
Apropos to this subject of financial
stability Il Washington dispatch says 1t
has been learned there from undoubt-
ed sources that President Roosevelt is
now being urged to call an extra SEES,
sion of congress to deal with the finan-
cial situation. The request comes from
and represents the Judgment of the con
scrvativc leaders in the financial world.
who have represented the present sit
Uation rs one compelling action Of a
character which will atfirmatively
eradicate all ground for suspicion of
industrialmethods in the United States.
On the other hand there are those, 1t IS
said, who have told the president that
an extra session might do harm by
emphasizing in the public mind appre-
hension of unfavorable condltionss that
no not exist.
Manchester Democrat. [volume] (Manchester, Iowa) 1875-1930, 1907-11-13
fro BE Continued
[To BE Continued
HUNDREDDEAD
BoKHARA TOWN ovERwHELMED
More Than Half the Inhabitants Are
Buried Alive When Mountain
Topples Over.

Tashkend, Russian Turkistan, Oct.
21.-The little town of Karatagh, in
the Hussar district of Bokhara, has
been overwhelmed and completely de-
stroyed by landslide that followed
the earthquake of Oct 81. According
to the latest reports of the disaster a
majority of theinhabitants of Karatagh
lost their lives.
Karatagh has about $500 dwellers
and there is reason to believe that
about 1900 We're buried alive. Among
those who survived the disaster are the
governor of Karatagh and his mother.
Karatagll is remotely situated, and it
takes a full week for news to get out
from there, but according to one couri.
er who has come through an enormous
section of the IXaratagh mountain,
which practically hung over the town,
broke loose and Numbered down upon
the village,
Manchester Democrat. [volume] (Manchester, Iowa) 1875-1930, 1907-11-13


There is nothing better for
stomach troubles than KODOL,
which contains the same juices
found in a healthy stomach. KODOL
is offered on guaranteed plan for
the relief of heart burn, flatulence,
sour stomach, belching of gas, nau-
sea, and all stomach troubles. So
at times when you don't feel just
right, when you are drowsy after
meals, and your head aches or when
you have no ambition, and you are
cross and irritable, take little
KODOL. 1t digests what you eat.
It will make you healthy. Sold by
all druggists.
Manchester Democrat. [volume] (Manchester, Iowa) 1875-1930, 1907-11-13
CREDIT CURRENCY THE CURE

Representative Fowler, of New Jersey,
Is of That Opinion.
New York, Nov. 4.-That permanent
relief from the present monetary strin-
gcncy can only be had through sys-
ten of credit currency adequate to
meet the requirements of trade. and re-
dccmable in gold coin, was the opin.
ion expressed by Representative Fowler,
of New Jersey. chairman Of the bank
ing and currency committee, which
will, Mt the coming session of congress.
endeavor to have a law passed provid-
ing for credit currency issued by the
national banks. In discussing the mat
ter Fowler said that evidence of the
essential soundness of underlying bust
ness conditions was abundant, in spite
of which public confidence has been
shaken and credit seriously affected.
He said to the Associated Press:
".The cause of the currency stringency
is that there is scattered broadcast
throughout the country-at the minis.
in the wheat, corn and cotton fields, in
the pockets OF, the people or locked up
= about $1.3eO,OOO,O0O of the reserve
money Of the United States, most Of
which under proper condition would
be in the banks serving as reserve.
If these reserves now scat
tered broadcast over the land were in
the banks where they properly belong
there would have been no money pan
ic this fall"
Fowler said that during the past
four months $25O,00O,0OO of reserve
money hrs been sent from banks into
the country districts, and went on: eff
the banks of the country in which the
$3.50 100000 had been deposited had
credits as well as handbook credits,
and they had proceeded to convert this
$3.50, 100000 of handbook credits into
bank-note credits, the bank would not
have been affected in any degree or in
any way whatever, and the whole coun.
try would have been amply supplied
with currency with which to transact
al the fall business.
"How could this have. been done?
Simply by authorizing each bank to
Issue cashiers checks payable to bear
er, which is current credit-that Is,
credit that passes by mere delivery,
requiring no Endorsement. BY this
process the S250OOO,OOO of handbook
credits would have been converted into
banli-note credits, and rs The reserves
required for both forms OF credits
should be the same there could have
been no change whatever in the situa-
ton. Tho bank debt is the same, the
amount of the reserve is the Same. 1t
has been only Il matter of bookkeep-
ing"
Manchester Democrat. [volume] (Manchester, Iowa) 1875-1930, 1907-11-13
Receiver for Jockey Club.

Kansas City, Mo-. Nov. Upon
petition of Edward Corrigan, Chicago,
and George Witt, Memphis, principal
stockholders. The federal court here APP
pointed james +. Halpin, of Kansas
City. receiver for the Kansas City
Jockey Club and Fair association. The
court ordered the sale of the track,
valued mt S4Go.G00. and considered one
of the finest in the country, and Ill
vision of the proceeds among the
stockholders. Practically no racing
has been held at the track since the
enactment of the Missouri anti-pool
selling law.
Manchester Democrat. [volume] (Manchester, Iowa) 1875-1930, 1907-11-13
Pliny's Yarns.

Pliny's yarns about human anatomy
were something wonderful. He tells
of n race of savage men whose feet
are turned backward and of race
known as Monocoli, who have only
one leg, but are able to leap with sur
prising agility. The same people are
also called the Sciapodae, because they
are in the habit of lying on their
backs during the extreme heat and
protecting themselves from the sun by
the shade of their feet These people
dwell not far from the Troglodytae, to
the west Of whom again there are q
tribe who are without necks and have
their eyes in their shoulders.
Manchester Democrat. [volume] (Manchester, Iowa) 1875-1930, 1907-11-13
nCleYeralitY.n

There is a story that Charlotte
Bronte when a girl OF sixteen broke
out angrily Mt some one who said she
was always talking about clever PEG.
pie, such as Johnson and Sheridan.
Now, you don't know the meaning of
clever" she said. Sheridan might be
clever-scamps often are-but johnson
hadn't spark Of cleverality' in him."
That remark really gives the essence
of Johnson and the key to the great
qualities of his work, for in his case
even more than in most the prose was
the man. Whoever wants "cleveral-
ity" had best leave Johnson alone. The
signal merit Of Johnson's writings is
that he always means what he says
and always says what he means. He
may often have talked for victory, but
except perhaps In the political PAM
phlets he always wrote for truth
London Times. ~,
Manchester Democrat. [volume] (Manchester, Iowa) 1875-1930, 1907-11-13
CHAPTER NIL,

TALL. strongly built man, aged
~ about forty-five, but looking
I older by reason Of his srizzled
4 = hair and face scanned with
hardship, a man whose prominent eyes
Impaired an air Of alert intelligence to
an otherwise heavy and brutal counte-
nance disfigured by broken nose.
stood on the north side of the Mile
End road and looked tixedly across the
street at q fine building which dwarfed
the mean houses on either hand.
He had no need to ask what it was.
Carved in stone over the handsome
arch which led to an interior covered
court was its title, The Mary Arson
Home For Destitute Boys y date
followed, q date ten years old.
The observer was puzzled. He gazed
up and down the wide thoroughfara
with the manner of one who asked
himself:
"Now, why was that built there:"
A policeman strolled leisurely along
the pavement but to him the man adj
dressed no question. Apparently I'M
conscious of the cOnstable's observant
glance, he still continued to scrutiniza
the great pile of brick and stone which
thrust its splendid campanile into The
warm sunshine of an April day.
Beneath the name was an inscription:
'These are they which passed
through great tribnlation."
A queer smile did not improve the
mans expression as he read the text.
'Tribulation! That's it, lie contin-
ued. give had ten years of it. And it
started somewhere about the end Of
that fine entrance too wonder where
Sailor is, and that boy. He's man
now, mebbe twenty-siy or So If he's
alive. Oh, hope he's alive. ] hope
he's rich and healthy and engaged or
married to nice young woman. If
I've managed to live in purgatory for
ten long years, a youngster like him
should be able to pull through with
youth and strength and a bagfuI of
diamonds"
Without turning his head he became
aware that the policeman had halted
at some little distance.
"Of course I've got the mark on me-"
said the man savagely to himself.
"He's spotted me all right. Well, I'll
let him see don't care for him or any
of his breed. I never did care. and it,,
700 late to begin now
He crossed the road. passed between
Two line iron gates standing Hospitality
open and paused ut the door OF the por-
tcr's lodge, where IL stalwart commits
sionnaire met him.
Have You called to see one Of the
boys" said the official chcerfully.
No; I'm n stranger It's Il good
many years since l was in these parts
before. In those days there used to
be news here and some warehouses
at the back, with few old shops
"Oh, i expect So but that is long be-
fore my time. The Mary Arson home
was founded ten years ago, and it tool.
two years To build. It's one of.tlie fin
est charities in London. Would yc,,
like to look rOund?"
''Is that allowed:'
Certainly. Everybody is welcome.
II You go in by that side door there,
you'll find an old man who has moth
Ing to do but take visitors to the chief
Manchester Democrat. [volume] (Manchester, Iowa) 1875-1930, 1907-11-13
HAPPENINGS IN IOWA
Important News of the Week Re.
ceived by Telegraph and
Condensed.
AFFAIRS IN HAwKEYE STATE
Items of Interest Selected for the Ben.
eft OF Our Own Readers-va.
riety OF Telegraphic
Information.

Des Moines. Ia. Nov. National
Bank Examiner H. NJ. Bostwick is in
charge of the First National bank, Of
Charlton, Ia, whose cashier, f. G..
Croker, committed suicide rather than
face impending trouble. Before killing
himself Cashier Crocker addressed a
note to Examiner Bostwick, whose Wis.
1t was expected.
This note explained briefly that the
bank had over-loaned and requested
the examiner to take immediate
charge. The bank carried about $780,
600 in deposits. The other banks Of
Charlton are entirely unaffected by the
closing of the First National. The Bank
of Russell, private institution of Rus.
sell, Ia, of which Croker was presi.
dent, has also closed its doors tenn
porarily.
Manchester Democrat. [volume] (Manchester, Iowa) 1875-1930, 1907-11-13

But this was years later, and the
clever manipulation Of AIr. Abingdon,
as his estate agent, and of Mr.. Isaac
stein, as his representative in the dia-
mond trade, completely frustrated all
attempts to measure the true extent
of the meteor's value
For now Philip owned real dia
mond mine in South Africa, he had
fine estate in Sussex, house in Park
lane, a superb seagoing yacht, n col
liery in Yorkshire and vast sums in-
vested in land and railways. The
latent value Of his gems had been con-
verted into money earning capital.
Mr. Abingdon proved himself to be
very able business man. When the
administration of Philips revenue be-
came too heavy a task for his unaided
shoulders, he organized capital es-
tate office, with well trained lawyers.
engineers and accountants to conduct
its various departments, while he kept
up an active supervision Of the whole
until Philip quilted his university and
was old enough to begin to bear some
portion Of the burden.
They agreed to differ on this impor-
tant question. Philip was fond of
travel and adventure. With great diff
ficulty his guardian kept him out of
the army, but compromised the matter
by allowing the young millionaire to
roam about the odd corners Of the
world in his yacht for eight months of
the year, provided he spent four
months of the season in London and
Sussex attending to affairs.
In this month of April he was living
in his town house. In July he would
go to Fairfax Hall, in August to Scot
land and a month later would joyfully
fly to the Forth, where the Sea Maiden
awaited him.
This lady, whose waist measured
eighteen feet across and whose length
was seventy feet, with a fine spread
of canvas and auxiliary steam, was the
only siren able to charm him.
He was tall now and strongly built,
with something of the naval officer III
his handsome, resolute face and well
set up figure. AS hobby he had tax
en- out master mariners certificate,
and he could navigate his own ship in
the teeth of an Atlantic gale. He loved
to surround himself with friends, most.
ly Oxford men Of his year, but lie sell
dom entertained ladies', either on board
the Sea Maiden or in either of his two
fine mansions.
He avoided society in its general &C
ceptance, refused all overtures to mix
in politics, took a keen delight in using
his great wealth to alleviate distress
anonymously and earned a deserved
reputation as "bear" among the few
match making mammals who managed
to make his acquaintance.
In other respects rs the boy was 81
was the mantle same downright
character, the same steadfast devotion
to his mothers memory, the same re
lentless adherence to course alread,
decided on and the same whole hearted
reciprocity of friendship.
AS he stood in his drawing room be
fore dinner on the evening of the da,
Jocky Mason revisited the locality, i
not the surroundings. of his captur,
Philips strong face Wore an unwontet
expression of annoyance. He walked
to and fro from end to end of the beau
tiful room, pausing each time he reach
ed the window to gaze out over tht
park.
Manchester Democrat. [volume] (Manchester, Iowa) 1875-1930, 1907-11-13
disastrous Wreck in GERMANY.

Berlin, Nov. "A mixed freight
and passenger train was derailed on
the Brohl Valley road, near Bingen-on-
the-Rhine. Six persons were killed
and fourteen dangerously injured. The
train was passing over bridge and
high embankment when the locomo-
tive and passenger car We're derailed
and fell to the bottom of the valley.
The freight cars, which were loaded
with stone, fell upon the passenger
car, completely burying its occupants,
not one of them escaping uninjured.
Manchester Democrat. [volume] (Manchester, Iowa) 1875-1930, 1907-11-13
BY Louis Tracy,
COPYRIGHT. 1904. By j. -

Author of ..Winss of the Morning" 1.-THE Pi
Ekeht," Etc.

'Y6G Certainly are the most eXtraor-
binary boy have ever encountered"
Then Philip laughed merrily.
II don't think, sir, that am SO much
an extraordinary boy as boy who has
been pitchforked into an extraordinary
position. hope most sincerely that
you will do what ask. If l may say
SO without presumption, it will be
good thing for you. l suppose man
who looks after millions of money is
entitled to vastly bigger Income than
one who sits hours in a police court
dealing with otfenses against the law"
Such has certainly been my expert
ence," said the magistrate, who appre-
ciated the nice manner in which Philip
limited at a good fat salary for con
t1'olling the estate Of the King of Dia-
monds.
Then You agree' cried Philip joy
ouslN.
Not. SO fast, my youthful friend.
Even a police magistrate must bow to
his Wife. Mrs. Abingdon would never
forgive me if l took such an important
step without consulting her. Will YOU
remain to dinner:"
Then Philip knew that he had gained
his point. Nothing was said before the
servants, but when they were cozily
ensconced in the library before pleas
ant fire he was asked to relate again
his enhancing history for Mrs. Abing-
don's benefit.
That good lady was overwhelmed.
She, like everybody else. had read the
newspapers and, Of course, had the adj
ditional benefit of her husbands views
on the subject of the unkempt boy
with his small parcel of valuable gems.
But the presence of Philip under
their roof, the glamour of the tale as
1t fell from his lips. east spell over
her. She was a kindly soul, too, and
tears gathered In her eyes at some por-
tons of the recital
"What pity it is that your neither
died." sho murmured when he had
ended.
The words endeared her to Philip in
stantly. A worldly, grasping woman
would have thought of nothing save
the vista Of wealth opened up for he:
husband and herself. Not so Mrs.
Abingdon. If anything, she was some
what afraid Of the responsibilities pro-
posed to be undertaken by her spouse.
to whom she was devoted.
The magistrate did not promise
definitely that night to accept the posi-
tion offered to him. He would think
over the matter. He could retire on n
pension at any time. This he would
now do without delay, and Philip could
certainly count on his friendship and
advice, while his house would always
be open to him.
Meanwhile he would give one word
of advice-intrust no human being
with the power to sign any binding
document without his (Philip's) con-
sent. Then it would be difficult for any
one to deal unscrupulously with him.
The boy went away at late hour.
He left behind him an exceedingly per-
picked couple, but he felt that when
Mr.. Abingdon had time to assimilate
the facts and realize the great scope Of
the work before him there was little
doubt he would gladly associate him
self with it.
At the hotel telegram awaited him
Have realized for flfty-two thousand.
Returning Monday. ISAACsTEIN.
Here was the final proof If proof
We're wanting, Philip was a millionaire
many times over.
Manchester Democrat. [volume] (Manchester, Iowa) 1875-1930, 1907-11-13
Timed Tongue.

Are you studying Esperanto, Mr..
ldiot?" asked the linguist.
Il am not" said the idiot. 81 can
talk too much in English if want to-
ut is a very fine language" said the
linguist-"condensed, concise and east
ly acquired"
mo doubt" said the idiot. "But !
don't care for potted tongue Broad.
way Magazine.
Manchester Democrat. [volume] (Manchester, Iowa) 1875-1930, 1907-11-13
Famous sporting Character Dead,

Council Bluffs, Ia, Nov. 4.-Daniel
Carrigg, widely known to the sporting
fraternity throughout the west is
dead here from Bright's disease. He
was 80 years old. Twenty years ago
Carrigg was proprietor of big gam
bling house and was wealthy, but lost
most of his fortune through various
reyerses,
Manchester Democrat. [volume] (Manchester, Iowa) 1875-1930, 1907-11-13
DEMURRER OF THE LUMBERMEN
They Say That the Little Black Book''
Is No Violation of Any Law
of the United States,

st. Paul, Nov. Attorney Louis X.
Hull appeared before Judge Lochren,
of the United States district court, and
in behalf Of tile nineteen lumbermen
indicted for the so-called "black book
conspiracy, withdrew separately the
pleas of not guilty entered by each of
the group On Oct 10, and filed joint
demurrer on the part of all the defend
ants to the Indictment.
The demurrer states that the facts
charged by the grand jury do not con-
stitute an oflensc against the United
States or any law of the United States.
IL this demurrer is sustained by Judge
Locliren this will end the lumber eases
in the federal court.
Manchester Democrat. [volume] (Manchester, Iowa) 1875-1930, 1907-11-13
Gillette Released on Bail.

New York, Nov. DIR. Walter r.
Gillette, ex-vice president of the Alu-
tual Life Insurance company, who was
sentenced to six months imprisonment
for perjury before grand jury, has
been released on bail. Justice Bowling
has granted certificate of reasonable
doubt, which permits an appeal to be
made to Il higher court for new
trial
Manchester Democrat. [volume] (Manchester, Iowa) 1875-1930, 1907-11-13
Judge Grosscup Arrested.

Chicago. Oct. BE. H. Slower, sher-
If of Coles county, came to Chicago
and arrested Judge Peter S. Grosscup
Of the United States circuit court and
three others on charge of man.
slaughter, contained in indictments re-
turned Mt Charleston, ILL.,, as result
of the fatal wreck last summer on the
Characterization interurban line.
Each of the defendants gave bonds
amounting to $1,000, which were ap.
proved by the sheriff, and all were re.
leased from custody,
Manchester Democrat. [volume] (Manchester, Iowa) 1875-1930, 1907-11-13
Tennessee TOWN Is "prx. !,

Bristol, Tenn, Nov. 1.-The last of
the twenty-five saloons which Bristol
had only a few months ago has been
closed, and thirteen establishments
have gone out Of existence. The sa-
looms were voted out of Bristol few
months ago. All trains have been
crowded with passengers FROM east
ern Tennessee and southern Virginia
and hundreds of people have carried
away packages of whisky, while daily
shipments have crowded express cars.
Manchester Democrat. [volume] (Manchester, Iowa) 1875-1930, 1907-11-13
EarthunalSe in Missouri,

Cape Girardeau. Mo-. Nov. 1.-Two
distinct earthquake shocks We're felt
in this city. The first began at 9:55
O'clock y. M. and lasted six seconds.
After an intermission of two seconds
the second quake began and lasted
two seconds.
Manchester Democrat. [volume] (Manchester, Iowa) 1875-1930, 1907-11-13
Business Portion wiped Out.

Rockford, ILL.,, Nov. 2.-The business
portion Of the town of Rockton, six
teen miles from here, was practically
wiped out early in the day by fire
that threatened the destruction of the
entire place. A number of persons
We're injured. The loss is placed at
several hundred thousand dollars.
Manchester Democrat. [volume] (Manchester, Iowa) 1875-1930, 1907-11-13
No Burnley Tobacco Next Year.

Shelbyville. KY, Nov. /. = The Ma
tional Tobacco Growers association
has unanimously adopted resolutions
declaring against the raising of u crop
of Burnley tobacco next year.
Manchester Democrat. [volume] (Manchester, Iowa) 1875-1930, 1907-11-13

Dubuque, Ia, Nov. 1.-The grand
jury has returned an indictmen,
against Arthur Macarthur, former SUI
perintendent Of the city water works.
charging emhezzlement of $6,4OO of the
plants funds. Macarthur, who is
prominent socially, furnished $1O,-
600 bond.