davidaulloa/AmericanStories huggingface dataset:
The Big Stone Gap post. [volume] (Big Stone Gap, Wise County, Va.) 1892-1928, 1907-11-27
Mr.. BRYAN'S
SUGGESTIONS
The Commontr Proposes Remedy for
DepOsiiors Getting Scared and
Withdrawing.

~'AAt l'hCU Ctuuf anu oetN1 AAo
brought ort h a number of
remedies. Attention has already
been called TO the influence
which stock gambling has had
in producing the present panic,
but il is not sufficient 20 stop
gambling. We ought, if possi-
bic, TO devise legislation which
will protect bank depositors not
only from gambling on the
stock market, bu. from other
evils which may arise. The de-
positors can, by withdrawing
their money, create a panic at
any time no matter how pros
porous the country is. Pros
perity can be halted in a day
by the withdrawal of deposits.
In the reserve cities national
banks are only required TO keep
twenty five per cent Of the de-
posits On hand. and in other
cities only fifteen per cent.
Banks could not afford TO do
business if they were required
to keep all of the deposits on
hands all the time. IL costs
money to handle deposits an
army of clerks Is employed to
keep the books, 60 take in mon
ey, TO pay it out and 60 guard
10. Ii is the loaning Of the de
positors money that makes
banks of deposits profitable OF
even possible. No matter how
conservatively or safely a bank
is managed, it is not in position
10 return all deposits on a mo
ments notice. In 0rdinar,
times the daily deposits viii
| equal if not exceed the with
| drawals, and If there are regu
| lar periods when more none,
is drawn out, the bank calcu
lates on this and provides 70
it. Any solvent bank can b
, embarrassed if a run is mad
made upon it. The other bank
may come to its relief, but the
: cannot do so if a run is starte
. on them at the same. The i'm
? portant thing, therefore, is {
s lprevent the depositors froi
{ making any sudden deman
upon the banks, and how ca
this be done? BY removin
4 every possible reason for fea'
% 1t is fear that causes deposition
I 20 withdraw money and hide i
f They do not want 10 take tl
e risk of loss or robbery, bl
when a certain degree of fear
5 reached. they will risk keepin
!. the money at home. Our banl
e are secure, but reasonable $
J. curity is not sufficient for III
!, reasonable people. and the n
o reasonable have it in their poN
er to precipitate panic
il The postmaster general, a
cording to the press dispatche
will recommend the establis
!. ment of a postal savings banl
that it is argued will draw
o large sum of money from hi
n ing and this sum if being d
is posted by the government
Is the various banks, will ma
,. the money available for loa
n ing. It is said that many f
sr eigners who are unacquaitn
ID with our financial system SCI
e to the savings banks of Euro
h money that ought to be depo
~ ted in the banks here. A post
1T savings bank viii keep t
ir money at home. John War
e maker, a former postmasl
ct general and a business man
er large experience is quoted
ly placing the boarded money
The Big Stone Gap post. [volume] (Big Stone Gap, Wise County, Va.) 1892-1928, 1907-11-27

/ amt feeling right to-day,
Something wrong | must say;
Come to think OF il, ,.llEajs right
I.forgot my Rocky Mountain
Tea last night.
--Ham5ien Bros.
The Big Stone Gap post. [volume] (Big Stone Gap, Wise County, Va.) 1892-1928, 1907-11-27


nral yas in commercial quanti-
ties are comprised within five
greet fields and a few smaller
scattered tracts, the division
into fields being governed by
,be location of the areas and
the quality Of the oil produced.
These fields are known as the
Appalachian field, the Lima
Indiana-Illinois field, the Mid
die Continent field, the Gulf
field. and the California field.
-Four of them includes more
than one State; and one State,
Ohio. Includes parts of two
fields. The geographic limits
and general geologic features
of these fields, the character of
the oils. and detailed statistics
Of production are set forth by
w. r. Griswold in an advance
chapter on petroleum from IN
"Nineral Resources Of the
United States, Calendar Year
1905" from which the following
statements are abstracted:
The Appalachian field eX-
tends along the western side of
the Appalachian Mountains
from New York throuhh Penn
syleania, southeastern Ohio,
West Virginia, and Kentucky
into Tennessee. The oil is de-
rived from porous sandstones
and conglomerates, which are
embedded i'm and underlain by
great masses Of shale. The oil
of This field has a paraliin base
and IS of the very best quality.
The oil of certain areas, such
as the Tiona and Middle dis
r.cts. is of a quality SO light
that it commands a premium
lN t0 l5 cents per barrel abov,
that Of Pennsylvania grade. th,
standard by which the prices oI
aIi oils are determined. None
of the Kentucky and Tennessee,
oils are of as high grade as the
ponnsylvania oil. Wells a
franklin. Pa. Petroleum, w
Na, and Mecca and Belden
Ohio, yield a natural lubricaiin.
o.l that brings "a high price, bu
the quantity produced is yer,
small compared with the tota
oh production Of the Appa
lachian field.
Within the last few years th
production Of the Appalachian
field has dropped from owe
one half the total production @
the United States to less tina
one fourth, not SO much by fail
ing off in the output of the feel
itself as by the great increas
IN the quantity of oil produce
ln other parts OF the Unite
states In 1906 the total pr,
duction of the field-27, ,74l, AZ
barrels-was s,553.96 barre
less than that in 1900; the yea
Of greatest production.
The Lima Indiana Illinois fiel
includes the northwestern PAL
of Ohio, a strip through tt
middle OF Indiana, and tt
southeastern part of niinoi
though, for geological reason
illinois might perhaps bett'
rave been added 20 the Nil
ointment field. The produ
i've rock in this field is Il
Triton limestone, which is fro
100 to 600 feet thick, but the c
is derived oaly from certa
portions of { h is formatio
whose structure or relative ell
vation is the governing fact
IN the accumulation OF the {
or gas This field furnishes {
The Big Stone Gap post. [volume] (Big Stone Gap, Wise County, Va.) 1892-1928, 1907-11-27
PRESIDENT
Approves Relief and Appeals 10
the Puh.ic


~ oohth tOHs NV. 10 ltNf-
"My Dear Cortelyou. l have
considered your proposal and l
approve Of the bond issue of
$50, ,Ooo,0 900 of Panama bonds,
" h C h will be Immediately
available as the basis for ad-
ditional currency. | also ap-
prove the issue of 100000 600.
or SO much as YOU may find
necessary, $50. three-per-cent
interest bearing Government
notes the proceeds OF the sale
Of which can be at once deposi-
ted by YOU where the greatest
need exists and especially in
the West aud South, where the
crops have 20 be moved. I have
assurance that the leaders are
considering a currency bill
which viii meet i'm permanent
fashion the needs of the situa-
tion and which / believe will be
passed at an early date after
/ Congress convenes two weeks
hence.
"What is most needed just at
present is that our citisenship
should realize how fundament-
ally sound business conditions
/ in this country are now and
I how absurd 10 il 90 permit
+ themselves 90 give in 20 panic
and create "a stringency by
T boarding their savings IN
tead of trusting perfectly
sound banks. There is no par.
, ticle OF risk involved in letting
business take it's natural course
. and the people can help them
, selves and the country most by
putting back into active circu
, lation the money they ar,
D. boarding. The banks and trus
. companies are solvent. Their,
is more currency i'm the cOuu
try today than there was
! month ago, when the suppl,
j was ample. Fifty-hve million
dollars in gold has been i'm
{ ported, and the Government
b has deposited another $4,000,
- OOO These are facts, and 1 ap
10 peal to the public Go co-operat
e with us i'm restoring. norma
s business conditions.
r. "The Government Will Sc
e that the people do not suffer,
only the people themselves wi
act in normal way. Crops az
l- good and business condition
e are sound, and we should pJ
Il the money we have into circI
IS llatiOn in order 10 meet the nee
% of our abounding prOsperit,
r. There is no analogy at all wit
y the way things were IN 1919
On November 80 of that We;
o. there was in the Treasury bl
a. lSl6l ,000.000 in gold. On \
o. vember "A of this year the
H. was in the Treasury 1904 ,00,
al 600 in gold. Ten years ago q
le circulation per capita was S2S
~ %. 1t is now S33.23. The ste
ks that yon take, the ability of Il
no Government to back them I
q and the fact that not a partiC
q. of risk is involved therein Civ
the fullest guarantees of {
n sound condition of our peoI
al and the sound condition of o
10 Treasury. All thas our peoI
is have TO 10 now is to go abe
ld.l with their normal business in
nj normal fashion and the wh'
"a difficulty disappears, and Il
- end win be achieved at once
=" each man will act as he M
We mally does act and as the re
he tiops of the conntry's busin'
nd fully warrants his now actiI
,g- Sincerely yours,
The Big Stone Gap post. [volume] (Big Stone Gap, Wise County, Va.) 1892-1928, 1907-11-27
APP WISE COUNTY. VA. WEDNESDAY NOVEMBER 27. 1907.

banks should be made so good
that no one viii be afraid 60 de-
posit with them, and what is
even more important. the banks
should be made SO secure that
no one having a deposit viii be
tempted TO withdraw it during
a financial disturbance. How
can this security be brought
about
\ guaranty fund raised by a
tax upon deposits and held for
the protection Of the depositors
of any insolvent bank would
give assurance 90 depositors.
{ Panics always commence with
2 run upon one or a few banks
which are brought under sus-
picion. If it were known that
the depositors i'm such banks
were sure of receiving their
money there would bo no run,
the payment Of def ositors in
full would relieve the strain
and protect other banks. We
ought TO have such a guaranty
fund in the nation and in each
state Our national ban k s
should be protected by such a
fund, and this fund can be
provided 10y an act of con
gress. AS soon as the fund is
, sufficiently large, tn e ia *
should bo suspended, and the
very existence of the fund
, would tend TO lessen the emer
= gencies that might cali for IL. it
3 would really cost the banks but
little % provide the security
S which such a fund would fur
r nish, and it is certain that the
interest drawn upon the money
< brought from hiding would far
n more than compensate for the
D. slight tax.
Each state should provid,
Il for such a fund for the protec
tion of its state banks. and an
l. til national banks are protected
y by federal legislation, it woul,
l. be well Go permit the nationa
II banks of any state TO share in
e she raising Of a guaranty fun,
e and i'm the protection which
Is would afford. When this sub
y iect was brought up i'm con
ID gress several years ago an ob
l. lection was made TO it on TIN
10 ground that the large bank
n would have no advantage owe
"a the little ones if all were secur
m but certainly this objection can
~ not have weight with depos
r. tors or with members of cor
RS gress who desire to guard tn
C. interest of depositors, and a
he this time when the big hank
lt have contributed SO largely {
is the present stringency that al
lg gument could not have an
Ks weight.
e. When 1T was attempted TO 81
H. cure such a fund 10y a Iegisl;
H. tive act in the state of y
" braska, the objection was mao
that it would injure nation
&C. banks 10 have state banks mac
IS more secure by a guarant
n fund, but if the national banl
K are permitted to share In q
a expense and benefits of such
Id fund, they could not reason
Ie- bly, object to it.
IN One of the lessons to be lear
Ke ed from the present financi
IN crisis--and every evil ought
or- be turned to good account
ed that additional security shou
nd be given to'the deposit0rs, al
pc The Commoner begs leave
81 submit to it's readers throug
TAI out the country the plan abo
The Big Stone Gap post. [volume] (Big Stone Gap, Wise County, Va.) 1892-1928, 1907-11-27

Leave orders at Gilmer Drug
Co, next door 20 Pvss OttAce.
The Big Stone Gap post. [volume] (Big Stone Gap, Wise County, Va.) 1892-1928, 1907-11-27

Constipation, Indigestion,
drive away appetite and make
you weak and sick. Hollister' 3
Rocky Mountain Tea restores
the appetite, drives away dis
ease, builds up the system. IS
cents, Tea or Tablets.
-Hamblen Bros.
The Big Stone Gap post. [volume] (Big Stone Gap, Wise County, Va.) 1892-1928, 1907-11-27

CUT FLOWERS, :. fi.:r
The commercial. (Union City, Tenn.) 190?-193?, 1907-01-25

the Texas Legislature. He has
been guilty of nothing except &C
eepting large fees and loans from
corporations-perhaps bonuses, as
for as we know, but he has never
broken faith with his people as a
Senator No speech or vote of his
has compromised his public record.
So there can be found no plausible
excuse to close the doors of the
United States Senate against its
ablest member. But with all his
fame Bailey will never be able to
live down the odium of his private
with the Standard Oil
and other corporate interests.
His career has been blighted.
His genius still scars, but his name
has been shorn of its lustre. Joe
Bailey is not the Bailey of old.
The commercial. (Union City, Tenn.) 190?-193?, 1907-01-25

roads have been approved by the
proper authorities, of which 500
have been constructed and 800 are
under contract to be completed
this year. In short, this construc
ton of trunk highways, of easy
grade, macadamized, well drained
and bridged and disable in all sea-
sons, has been secured only by
employing the same methods of
engineering, administration and
finance as have been found neces.
sary and developed for public and
private undertakings of magni-
tude.
The most impressive fact, how
ever, is that these splendid results
have been secured at no greater
actual cost to taxpayers than they
are ana lmmemorlally nave been
paying in many States without
any or only the meagerest actual
betterment of country road trans.
portation. In Nebraska and neigh
boring States public attention has
been turning in recent years to-
country road improvement, with
valuable results in some localities,
but the substantial solution of this
most important problem will not
De achieved until the work is seri-
'usly undertaken along the gen.
'ral line SO successfully followed
n New York. Omaha Bee.
The commercial. (Union City, Tenn.) 190?-193?, 1907-01-25
SALARY AMENDMENT.

The increase of salary amend
ment for members of Congress,
which passed the House on Fri.
day, is apt to create some disturb
ance in the Senate. 1t passed the
House without yea and nay vote,
SO that it is impossible to tell who
voted in favor Of the increase of
salaries and who voted against it.
The way the vote was taken is cal
culated to work an injustice to
those who were against it.
The Legislative Appropriation
Bid containing the salaries amend
ment, which was adopted by the
House on Friday, will be returned
to the Senate TO- morrow, and 1t is
expected that the conferees will
report on it Tuesday or WedRes-
day, after the Senate sends the bill
into conference.
An effort wiz be made to have
the Senate accept the salary In
crease amendment of the Ho1se
withoOt the taking of y yea Sad
nay vote in he Senate. Frem
fifteen to twenty Senators are
necessary to bring about a yea Sna
nay vote, inasmach as ONE fifth of
the Senator's present must faver
such o roll cab before it can be
taken.
Senator Rayper, of MarylAad,
declares himself uDsquivocally
against the proposed raise, anAhe
will demand yea and nay vote in
the Senate if one can be possibly
obtained. When asked to-day In
reference to the proposed increase,
be said:
II have, during the time 4 have
been in Washington at the sessions of
the Senate, practically given up the
practice Of my profession, and could
use the 81, 500 increase just as well as
any other member of Congress. But
am unalterably opposed to the In
crease. ! was elected upon salary Of
IS, 600 a year and / cannot reconcile
the proposition to myself that | have
a right to vote to Increase it. With
anyone who differs with
ME, consider it wrong in principle
and wrong in policy, and / shall do
everything | can In the Senate to OBJ
tain a yea and nay vote upon it, so
that everyone can go on record on the
The indications are, however,
that the increase will be allowed
to stand. Courier. Journal.
The commercial. (Union City, Tenn.) 190?-193?, 1907-01-25

Next month Union City is to
have city mail delivery service.
Three carriers and a clerk. carrier
are to be employed. This week
the Board of Mayor and Alder
men makes the necessary pTepa-
rations, which consists of street
naming and numbering and the
numbering of houses. After the
Inauguration of the service the
city will have been removed from
its rural habits and will begin 10
put on city airs. The next impOr-
tant step is the securing Ola gov
eminent building. The house now
used as a post Office and the accom-
modations will be much TOO small
for the home service, the rural and
city deliveries altogether. Ii will
be necessary to have larger build.
ings and facilities, and for thatrea-
son the bill introducedin Congress
should be reported and passed.
We trust Mr.. Garrett and Mr..
Brownlow will see to this.
The commercial. (Union City, Tenn.) 190?-193?, 1907-01-25
What is your house number!
A ROAD IMPROVEMENT LESSON.

The summary in Gov. Hughes
message of the astonishing prog
ress in public highway improve
ment in New York within two
years is an object lesson for the
thirty nine State Legislatures that
sit this winter, for it shows the
effect Of intelligent system 10 road
construction and maintenance in
contrast with the wasteful an d
archaic methods particularly pre-
vailing In most Western States.
The New York system is compre-
hensive, enabling highways to be
built under State authority. in
stead Of minute local districts,
with ample engineering, bonding
and taxing powers.
Ii was not till 1905 that a consti-
tutional amendment went into ef.
feet authorizing an Indebtedness
of $50, 900, 900 for highway i'm
proyements, under conditions "a
vorable to large cooperative ex-
pense by counties, but within the
short interval 2, 500 miles Of main
The commercial. (Union City, Tenn.) 190?-193?, 1907-01-25
Central
RAILROAD.
BEST OF TRAIN SERVICE.
soUTHBoUND.
EORTHBoUND.

Trains No I6s and 1855 are accommodations
end stop at Pndneah Junction to receive oF dis
charge paeeen&eFs
The commercial. (Union City, Tenn.) 190?-193?, 1907-01-25
NEW LECTURE.

Senator Robt. l.. Taylor was here
Saturday to fill his engagement as
speaker for the Leonidas Pol K
Chapter, U. D. G., on the occasion
of Lees birthday, but the weather
was so inclement that the lecture
was postponed. Senator Taylor
has been very kind to the ladies
and Confederate veterans of the
county. His services have always
been free on these occasions. and
this was no exception to the rule.
1t was unfortunate, of course, that
ne and the Chapter ran amuck such
foul weather. 1t was not only a
disappointment to those who we're
anxious to hear the lecture, but to
the ladies in loss to the monu-
ment fund. Senator Taylor has
done more for this fund and erect
ed more Confederate monuments
in the South than all other sources
put together and he deserves the
everlasting gratitude Of his own
people, which they have been
pleased to bestow in very sub
stantial way.
Senator Taylor has assured us
hat he will return to Union City
n about two months with new
ecture which he is now preparing
md that he will favor the ladies
With another effort in behalf of
he Confederate monument.
The commercial. (Union City, Tenn.) 190?-193?, 1907-01-25
N. c. & St. /. TIME TABLE.

EAST BOUND.
The commercial. (Union City, Tenn.) 190?-193?, 1907-01-25

Senator Bailey, like Sayoyard
says, is the strongest debator and
and the greatest constitutional
lawyer in the Senate. He was, in
fact, the biggest man 10 Congress,
but big men are not exempt from
criticism 10 this country. Bailey
was entitled to reelection by
The commercial. (Union City, Tenn.) 190?-193?, 1907-01-25
Elk s Attention!

A large attendance is requested
for the lodge meeting tonight, as
business Of much Importance will
come before the lodge. Every mem.
Der is urged to be present as the
business to be transacted is Of ma
terial interest to the whole lodge.
r. ]. BARNETT. r. r.
The commercial. (Union City, Tenn.) 190?-193?, 1907-01-25
The schubert Lady Quartette.

Those delightful vocalists, the
Schubert Lady Quartette OF Chicago
will appear at the Opera House on
January % under the auspices of
the Elks. Lovers of sweet singing
should not miss this splendid enter
tainment. Prices, rs, so and 75c.
The commercial. (Union City, Tenn.) 190?-193?, 1907-01-25

IA system regulator is a medicine
that strengthens and stimulates the
liver, kidneys. stomach and bowels.
Prl ;kley Ash Bitters Is superior sys-
tenn regulator. It drives out all UNI
healthy conditions, promotes activity
of body and brain, restores good appe-
title, sound sleep and cheerful spirits.
Sold BY Allen Drug Co.
The commercial. (Union City, Tenn.) 190?-193?, 1907-01-25
THE ROADS.

lue cOuQlJl0n OF ROADS THIS WIN
ter has brought us to a full reaIiza
tion of the disadvantages in unim
proved thoroughfares in the low
lands or valleys where there is nc
rock. Especially are we unfortu.
nately situated in this respect. The
mod il leep and at times without
foundation to support the wheels
of vehicle. There ere many
places along the main roads now
where wagon or buggy cannot
pass The holes are below the
hub.
Business is quiet, traffic ID behind
and people on therural routes are
not getting their mail regularly
little doing on account Of the
roads, and yet there is no percepti-
bic effort toward a solution of the
question. Under the old system
our roads have been worked from
year to year, and the result is that
the roads are to-day no better than
they were twenty years ago.
The item of roads is one of the
most importont of all our public
questions. The East has settled
the educationl problem and is now
undertaking the enormous task of
constructing good roads. The
South is just facing the educa-
tional question. Tennessee, fortu-
nately, has made rapid strides in
her educational work, and she is
foremost in that line. Some Of
the Tennessee counties have also
began to agitate the question of
good roads. Davidson and Mauryl
counties have some pixies and
improved roads. Madison county
has 45 miles of hard roads.
Obion County, however, which
needs good roads more than any
section outside of Lake County, II
has made no effort practically to
improve her roads.
The Legislature Of New York [
State Incorporated $50, 900, 900 |
for public roads in that State. /
Pennsylvania has followed the ex- i
ample with IN appropriation Of
y, 50O,n c0. The Missouri Legis- !
ilatuve is now considering an APP {
preparation for road purposes.
Shall Tennessee fall behind in
this great movement. Shall Obion
County, whose citizens are leaving
every day still maintain q stole,
stolid Indifference to these thingss !
Shall we continue to fall back
while almost every county in the
United States is pressing forward.
A few weeks ago figures were
produced in these columns show
inc the comparative increase OF
population in Obion County.
From 1870 to 1880 the population
increased from 1854 to 22,9l2,
so per cent. for ten years. The
population twenty years afterward,
in 1890, had increased to 1920,
only 20 per cent, or 10 per cent.
for q period of 10 years, which ~
hardly normal increase by birth
rate.
What is the conclusions Lack
Of thrift and enterprise. just
think Of d county, rated as the best
in agriculture in the State, with no
immigration and without normal
increase in population. Would il
be 50 IL we had good roadss We I
presume the census will make q
better showing in the six years
just passed. If so, It is because
our schools are improving. But
the next question Of Importance is
the public roads, and we will
never emerge from the embryonic
stages until we have good roads,
and we will never have good roads
until we have hard roads.
-
Senator Bailey, like Savoyard
The commercial. (Union City, Tenn.) 190?-193?, 1907-01-25

Union City moves up peg next
month. That is the time fixed by
the Government to begin our free
city mail service.