davidaulloa/AmericanStories huggingface dataset:
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1907-12-01
VIII Never Be Changed.

'aTbe independent subj treasury sys-
fem will never be changed until we de-
mart from our present system of bank
ing. The independent treasury system
is absolutely necessary unless we nave
a great central bank such as govern
ments of Europe have, where the ex-
tension of bank credits in the central
bank is limited by the government s
necessities In this country with indie
rsendent hanks. where the extension of
hank credits is determined by general
business conditions and the interest Of
the banks, it is folly to assume that
we can do away with the independent
treasury system and allow the banks to
handle all the cash of the government.
II Is folly, In my judgment, for US TO
talk of instituting a continental bank
ing system in the United States. In
this republic OF ours, experience has
shown that we could not keep the first
or second banks of the United States
out OF politics. Nor would we be any
more fortunate with the third bank of
the United States, If we should attempt
to found one by legislation.
Greatest in the World.
"The present banking system of the
United States needs no apology. 1t is
mower OF our country is greater than
that of all continental Europe. We
have this great system of separate and
independent banks. and whether we
wish it or not, or whether theoretically
il is best or not, we must face as prac-
teal men the utter impossibilities of a
reversion at this stage of our banking
DEVELOPMENT to any type of banking
fundamentally different.
'It is impracticable politically and
from a business standpoint"
Mr.. Dawes then discussed ''the very
foundation stone of banking credits
the matter of cash reserve.
Reserve Law Faulty.
"The reserve laws of the national
banks of the United States" he said,
ARE faulty. The statute should be
amended so that but one-fffth instead
Of three-fifths OF the reserve Of 10 per
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1907-12-01
JOHN M. LYON.

cent required to be kept by banks not
reserve agents may consist of balances
due from reserve banks, and the sec
tiOn which authorizes banks in smaller
reserve cities to keep One-half of their
lawful money reserve in cash with CEN
trail reserve cities should be repealed.
AS to elasticity, their is no question
that we should have an added elias
As to elasticity, there is no question
cannot, however, with our diversified
banking system safely devise a me
dium of bank asset currency which
can be used as an instrument of profit
in normal times without injuring its
safety and stability. In seeking the
iiuidity OF a circulating medium We
must never sacrifice it's stability; for
that which above all things is import
ant IS the safety of the medium of ex-
changes in terms of which our bust
ness is done.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1907-12-01
Kind Of Currency Needed.

bank notes subject to a small tax, and
which the banks can use in normal
times for the purpose of business
profit, will result in increasing the dis
proportion between cash and credits
before such a crisis as that through
which we are passing, and therefore TO
the extent to which they have been Is
sued will interfere with the amount OF
credit notes which could be used in a
time of panic to lessen the severity of
liquidation. In other words. we want
an emergency bank-note circulation
authorized in this country subject TO
so heavy tax that it can only be used
in times of emergency. This kind OF
a currency will help US out of pane
when we are in one, and not help US
into a panic when we are out OF "n9.
It cannot be used as a means of bust
ness profit, and therefore as basis OF
credits, speculative or otherwise. Such
a currency, subject to a very high tax,
can be made safe. 1t is in its very es-
sence temporary. and it should be
patent TO us all that it is Just as i'm
portant to stop ballooning in finance
as it is to prevent too great rigidity in
our circulation.
I'VE have a great country. with
great natural resources and inherent
financial strength and wealth. Our
banking system is admirably adapted
to its development. A local independ-
ent banker can exercise a needed dis
cretion i'm his loans. where, under a
branch banking system, the delegation
of authority to be exercised at dis
lance is of necessity so circumscribed
as 20 interfere with the function Of
the banks as they now exist in the
United States. When our country be-
comes older and our newer sections
more fully developed, It may then be
profitable for Us TO seek the greater
economy and many conveniences Incl
dent to a branch banking system. But
at present. from both the practical and
political standpoint. the central bank
and the branch banking systems are
far away.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1907-12-01
Redundancy in the Spring.

within four months we shall have
a great redundancy of money in the
United States: but what we call pros
perity is activity In exchanges. 1nac-
tivity in exchanges spells depression,
no matter what the money supply Of
the country may be or what It's ma
tural wealth. The basis of business IS
confidence. and we may cherish no IL
lusions that the impairment of conf
dence which we witness at present,
and which compelled practically at
once the suspension of currency pay
ments on the part of the majority Of
the banks of the country will not have
it's effect upon activity in our general
business. This panic was not devel-
oped by fright on the part of the peo-
pie, but by fear on the part of the
bankers that there was going to be
fright on the part of the people. This
apprehension led them to act almost
simultaneously in an attempt to re-
adjust their cash reserves; in other
words, TO make an attempt to get their
cash reserves to the spot from which
they should never have been allowed
to depart in so great a degree, in the
vaults of the bank where the liabili-
ties were for which they were pledged,
and not in the shape of a credit upon
the books of a bank in some reserve
city.
Liquidation imperative.
That simple effort TO get the actual
cash reserves of this country distrib-
uted, in fact, where they were distrib-
uted only in theory. developed that
there was such an extension of bank
credits that this readjustment was i'm
possible without the suspension Of
currency payments for a short time
until there could be a liquidation of
deposit balances against loans and an
importation of basic money from
abr Dad. together with an increase in
national bank note circulation, all ii
which has decreased the disproportion
between the aggregate deposit liabili-
ties and actual cash on hand in the
banks. What the situation needs.
therefore, from congress, in nv judg
ment, is, first, the change N the laws
regulating cash reserves of national
banks as outlined above, and, second,
the authorizing of a heavy taxed bank
about emergency circulation"
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1907-12-01
Greatest in the World.
Reserve Law Faulty.

"The reserve laws of the national
banks of the United States" he said.
ARE faulty The statute should be
amended SO that but one-fifth instead
Of three-fifths Of the reserve Of 10 per
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1907-12-01
MISSOURI BANK ROBBED.

George S. walker. Secretary.
La democracia. (Ponce, P.R.) 1890-1948, 1907-05-17

Este es q nombre del carro
lccanico Q autom6vil mas perfecto
que ell la aCtualidad Sc fabrica: es
muy elegante, de gran fuerza mo-
triz y nucha velocidad.
Hasta hoy no tiene rival para
~ubir cuestas y andar por malos ca
ninos; por ESQ es sin duda alguna,
el automovil ideal para Puerto Rico.
Fl automovil Wayne para el 1907
contiene todos los adelantos que la
pericia de sus ingenieros y cons
'rurtores ha podido imaginar y Sc
h. Mia 10 adeluas tudo IL bu,no
que olro> fthrirantes hayan inNe en
,ado y Ell su construction solo sc
tmplean materialeS selectos y la
'nano de ohla es ejecutada por los
necanicos mas expertos que Sc pue-
len conseguir. Por ESQ el autom6.
Ill Wayne esta llamando hoy tan
'derosamente IA atenCiop V las
rsonas ma> tXigente,. 'Iucll. )
&c van sienpre lras de ic hu,ue
j conpran otro autom5vi cue ios
6rioados por Wayne Aut movie
j.. pues r>'a generalm NJ adm
La democracia. (Ponce, P.R.) 1890-1948, 1907-05-17
5Su m:QUind no escIibe ben?

Pues, por I'm precio m6dlc, Sc
le compone mandandoIa los ksta-
dos Unidos. Sc renlquela, Sc rcpu-
ia y Sc Gambia cuaIqulera pieza por
otra nueva 81 fuere necesario. IN
rljase la correspondence al senol
M. M. P 0. Box 441.-MarcellnU
Mirabal. San Jose II, altos.
La democracia. (Ponce, P.R.) 1890-1948, 1907-05-17
pOR sic zoo


De contado. Sc vende la fnca de-
nomlnada "Barrancaso, la cual Sc haya
'tuada en- ell barrio de pLlanos Cos
as" de este termino, Dista hora v
media de la poblaci6n, Sc compone de
1900 cuerdas de extension, todas pro-
pias para las siembras en- frutos memo
res y en- particular para ell algod6n
"Ceilan' Tiene dos magnifcos INA
nantiales paIa dar de beber al ganado;
tiene colindancia al mar y puerto para
embarcar todos los frutos. En- ella sc
pueden cuidar hasta 400 cabezas de ga,
nado. Q
Para informes dirigirse q don
Ullses Marini.-Post Ofce,-calle Mu
hoz Rivera. Cabo Rojo.
La democracia. (Ponce, P.R.) 1890-1948, 1907-05-17
RectlfcadOr

Sc vende un aparato recti6cador
frances de DE Roy EN- magnlfco esta-
10 de uso, con su caldera de cobre 10
que permite usarse a vapor 6 fuego di-
recto; ademas de las llaves de entrada
y salidas de vapor fene un aparato re.
gulador de preston de vapor; produce
IN bocoy de alcohol puro de 40 grades
IN IL horas y su manejo es sencillo y
'u precio es modico
Tambien sew de una caldera ho-
r'zonfal de 20 caballos de fuerza que
ma Ienido POGO uso. Para mas infor.
mes dirfjanse AZ G. P. o. Box ,2s.
Mayagdez Pto. Rico.
La democracia. (Ponce, P.R.) 1890-1948, 1907-05-17

FIA los
n maa stars
hanp porenrto
La democracia. (Ponce, P.R.) 1890-1948, 1907-05-17
Sc VENDE

UHa calde1a multibular de 10 pies
de largo por s de ancho, con 81 tubos
de 4 pulgadas y solo dos cosschas de
teo.
Una rnaquiua horizontal, compile
"a, cen dos clasi6Cadores capaz para
moler 1000 galones de guarapo en- u
horas. para informes, dirfjanse a J.
PENEDo, Fajardo. ina
La democracia. (Ponce, P.R.) 1890-1948, 1907-05-17
w y Y III E

lido que no puede encoAtrarse eA
ninguna parte una mGquina de
construction mas sencilla, mas la
josa y duradera y a I'm precio tan
equitativo como la marca Wayne.
Toda persona de buen gusto
que quiera tener TN automovil ele-
gante fnerte, c6modo y SECURE debe
comprar TN Wayne el cual podrk
obtener q precio sumamente equita.
two 81 Sc dirije { D. W. Pales, en
Guayama, que es el agente exclu.
sivo en- Puerto Rico.
Esta agencia vende tambikA, q
piazos sumamente c6modss earros de
dos & cuatro ruedas deSde Is 1 4ei
quintales capacidRd, cocheS de dos '
cuatro asientos, nAquinas de ceser, de
pie y de nano, pianos, foH6grafos, t.
lefonos, record CilindriCos y planes,
maquinaS de SsCribir, mueblss ct a
Engluwood y tAinbien las famosas
lampaas de petr6les cornpl imide
mafca KitSon, de I,OoS, 1890, a.eoo
w a,soo bujias de poder.
Sc envfan cat6logOs y litaA de
precios al que les Pida con a me de
cOmDrar
La democracia. (Ponce, P.R.) 1890-1948, 1907-05-17
AVlSO

Sc vende por lamitad de su vaio.
u1 apaiato para fabricar bebidas car.
bonatadas. Sc componen del genera
dor tres fuentes con sus correspondent.
tes lavaderos de gaz, una mesa para
llsnar botellas de tapones de grayita.
cion y su llenador de STONES.
Parainformes uirigirse en- Camu,
a A ANTONIoCASTILLo.
La democracia. (Ponce, P.R.) 1890-1948, 1907-05-17
Sc NDE

Una casa de MADEIRA de dos pisos,
situada en- Cagu0s, calle de Aeosta.
Para infornes dirigirse a aR. T. Pom
te, Apartado n: ia, San Juan, P R.
La democracia. (Ponce, P.R.) 1890-1948, 1907-05-17
N|LAGROSO De >(IBR|N|FET0

Por Gn lego San Juan Magrosa especiadad euica M
G. Alberto pizzo de Npo FL cual nando uns nnnoad as
medcnaes de la India despues poundo esudio sobre m
des medic de cua1as
solo sin hacer sno combae con las
dicha FL tratamento
formulas vegetables composlclon SOLO
bas medcnaes India pdoras la nyecc6n han do
inento magoso compta curaci6n de todas las
las Was amt s.#
FL magoo ROOB PzZo medicamento esaslfnO p
competa destruction de tod bo s6co su uso
dejando ado normal bre de odo virus dnoO
irmunad evta1 production de tan terrible enedad
om gurad atacada de una de a4uess
medad a de dcho medicamenoe para
Epecdas podran despues Del esu
La democracia. (Ponce, P.R.) 1890-1948, 1907-05-17
GRAN HGte|4eStaura0t INdATERRA'
HOTEL De PRIMER ORDEM
TrVaO o. 12'-CrU1 : y FCrtaloza Ii,

para Hotel Capacdad pasajoros
Suac6n c6nca Visas bahia las caes Teuan Cruz
esco venlado de la capital Fl comedor de
depaamntos independence milas Des
de admas del pazo antique de las comdas e ssteA
americana gusto pao carruaes de uo INTERPRETERS
precos gua de los demas Hoe Sc hacen abOnos
manatS
La democracia. (Ponce, P.R.) 1890-1948, 1907-05-17
Constantine 7 5abis VIIeIa,
COMISIONTSTAS


7 Broad st. New York E. U. A.
DireFcion por cable: SABASTZNO
Sc encargan de agenciar toda cla-
'Te de ccmisiones, de la venta de pro.
ductor como cafe, cueros, caucho B, y
de la compra y despachO de toda clase
De mereafcfas. Atienden con especia.
hdad el despacho de eEcomiendas Dor
eonec.
So hacsn cargo de acudiencia de
toyenes estudiantes y en- relaci6n con
eate ramo GumuristSAu toda clase de
datos y catAlogUe.
C0mfStSRtS 'S<Gi6aS.
AfstE4Ii6a6. ka1EpU y rloGdes.
La democracia. (Ponce, P.R.) 1890-1948, 1907-05-17
I'M PO RT NTE

RecsAocmentos de vista entes espeueos
que obndan ocna del epeca don Antonio
lima por e precio de 5dolars
Ponce, Abril IS de 1907.
La democracia. (Ponce, P.R.) 1890-1948, 1907-05-17
Sc VEND6

Un juego de tres sentrffugas siste
ma "Hepnorth " con su motor, su mez,
clador y su elevator de az6car, tod,
en- magnf6co estado. Dirigirse a dor
Julio Gay, hacienda Santa Ana, Jun.
cos. Puerto Rico
Little Falls herald. [volume] (Little Falls, Morrison County, Minn.) 1889-1950, 1907-01-04
AUSLAND

Jan. 1.-Cecil Poster, Otto Citrow.
eki and John Knudson went to Pilla-
ger last Sunday.
F. J. Page went to Fl. Ripley on
business last Saturday.
The young people IN this vicinity
intended to have surprise party and
also dance Christmas evening, at A.
G. Stroming's, but things changed so
they went to another neighbor farther
east and danced until very late
hour. All report good time.
Arletta Bowder. who has been visit
ing in tuis vicinity for a couple Of
weeks, went to Grow Wing last Mon
day.
Norman Austin and family took q
load Of young people to Grow Wing to
masquerade ball Monday night
Otto Citrowski is working for Cecil
Posten at present aud 1t is reported
that Mr.. Poster will adopt him as his
own child.
1t is reported from Bridgie that
Herman A]lguer lost one of his horses.
It is too bad, as bad luck seems to fol-
low him right along.
Adolph Olson. Emma Olson, May
belle and Inez Rslverson Of Rail Prai
RE came over to Ausland and attended
the Christmas dance.
Albert j. F. Stroming seems to have
quite q lot of business in Sweden
these days. It would be a good thing
if the Swedish government had q
cou nsel little closer so the business
could be straightened up in q little
shorter time.
Little Falls herald. [volume] (Little Falls, Morrison County, Minn.) 1889-1950, 1907-01-04
PEACEFUL VALLEY

Jan. 1.-Mr. aud Mrs Harry Sans
came down from Staples Christmas
and attended the Christmas dance a,
NJ. E. Murray's.
Miss Jennie Mcdonnell is spending
q vacation at her home.
ice Fisher OF Philb1ook spent Sua.
day IN these Uarts.
Mrs. A. B Robinson ard sister,
Miss Floy Avery, went to Staples Fri
day, returning Saturday.
A few from hare attended the party
at Fr2nk Johnso1's.
School began yesterday in Dist. No.
20 sitter weeks vacation.
Mr. and Mrs. Sam Kfllian spant
Christmas evening at Judge Bartholo.
news.
All ara invited to attend a basket
social at B. Diapers Friday night,
Jan. 4. Tue baskets will ba sold to
the highest bidders. the proceeds tc
be used for the benefit of school Dist.
No III.
J. c. Bartholomew and b Draper
made business trip to Philbrook
THURSDAY.
A few from here shook THAR feet
IN the hall in Lincoln Christmas
night.
S31ue OF as attended the ntsrtaia-
snsnt and Christina. tree at Philbrook
Xmas eve.
There was Now Years surprise
party at D. 3. McDonell's in honor
of their daughter, Jennie.
Little Falls herald. [volume] (Little Falls, Morrison County, Minn.) 1889-1950, 1907-01-04
TO START SOON
Large New Dynamo Placed
in Position Will Improve
Electric Service

The new 400 K. ". Generator for
the addition to the Water Power Com
pany's power house has been installed
end will probably be started about
January Is.
The huge dynamo is ten feet long
and stands on base ten by twelve
feet in size, the entire machine
weighing almost sixteen tons, and
having = generating capacity of twice
as much electric current as that Of
the generator now In use.
The new power house addition will
be completed as soon as switch board
connections are made and the COVER
nor has been placed in position,
when the tile flooring will be laid
and the building and machinery will
be ready tor use. 1t is planned to
have the new generator carry the load
from o'clock p. m. to a. M, dur
irg which time it il heaviest and the
old machine will generate the current
during the day.
Little Falls herald. [volume] (Little Falls, Morrison County, Minn.) 1889-1950, 1907-01-04
WANT LAW CHANGED
Some Fighters of 1863 Do
Not Like Present State
Pension Law

Hutchinson Leader: A number of
the veteran ln1lap fighters OF the fam
Gus Indian ''outbre tx who part ;cl .
pased in the defense of Hutchinson
from Little Crows baad OF savages
met last Friday to formulate plan
Of action in regard to the state Indian
pension act which WAS passed by the
stats legislature at the session of 1905.
Those present at the nee ing we're Al
DeLong of Forest City, Vipcenr
Coomb Of Greenleaf, Howard NICE ven
of Boon Lake, John Casper of Silver
Lake and Sam Dewing and Oliver
Pierce of Hutchinson
Tho act passed at ths last session of
the legislature requires that in order
to be eligible to pension the appli-
cant must show by proof s3me in jury,
or disability suffered d1ring the time
he"rwas in the state servic3 in 1852.
The injury or disability might have
been ever 50 slight, bit if the appli
cart can establish the fact, he is el.gl-
BILE to pension, while his co1nraie,
who went through the same hardships
and dangers, suffered ths same prlva
tions, but who can MOI prove any IN
jury or disability incurred, is ineligi-
bis.
The law is believed to be unfair
and it is the purpose Of the veterans
VINO met here Friday to ask the l7gis
lature to amend the law and they
invite other veterans Of the Indian
war to cooperate with them in effort.
Little Falls herald. [volume] (Little Falls, Morrison County, Minn.) 1889-1950, 1907-01-04
THE GOOD ROADS IDEA
Seems to Have Been Pro-
fitabIy Sown Locally in
Recent Address

Randall people have taken up with
some of cur merchants the project of
improving tbs ROAD from Randall to
this city which lies alongside the
Northern Pacific right of way. The
road is good deal eho-ter than any
other running here from that locality
aud could be put in fine shape with
the expenditure of very little money.
There are places whers the road runs
over swampy ground and in these
spots 1t is very poor, but could east
ly be made passable by laying what
is known as a corduroy.
It is said that a good deal of trade
from TIE Randall region which now
goes elsewhere could be brought to
this city by putting this read In bet
ter condition. This seems tn be the
first outcropping of the address re-
Gently made here by State Engineer
Cooley on the good roads question
and it is an unquestioned fact that
with Herald advertising to induce
the people to do their trading mere
and with good roads for them to
travel over, Little Falls will rapidly
come to the front as q trading center.
Little Falls herald. [volume] (Little Falls, Morrison County, Minn.) 1889-1950, 1907-01-04
LINCOLN

Jan. 2.-Harry Eklund was up from
Little Falls to spend q few days with
relatives, returning Tuesday.
The CO unity surveyor was up the first
of the week, surveying for several
persons
A number from here attended the
masquerade ball in Philbrook last
Monday night. All reported a good
time.
Arthur Rather is home from Bridge
man, spending the holiday vacation.
Miss Frances Enke left last Monday
{, Little Falls. She is on her way
back to the st. CLOUD normal school,
after spending her vacation here.
Miss Valera Rather visited last
week with the family of tleorge
Trafton of Cushing.
Misses Julia and Mary Warinner
were visiting relatives and friends in
this village lsst week.
Mrs. George Rather received the
sad news of the death of her sIeter-in
law, hrs. George Maurice, of AMMAN.
dale, which occurred laft Friday.
G. A. Neal and John Mcdonnell were
uu from St. Paul to spend Sunday
with their families.
Robert Harper is working in J.. J:
| Pickit's store.
:: School: reopens next: Monday; with
the same teacher; Miss Clara Brodei
of Little Falls. '~:>r: =: . T.:
Miss Ruth Warner spent Tuesday al
her home, few miles from here.
Little Falls herald. [volume] (Little Falls, Morrison County, Minn.) 1889-1950, 1907-01-04
SWAN RIVER.

Dec. 3l.-Born-To Mr., and Mrs.
Anton Kapieski, Dec. 9th, a son.
Miss Mollie and Mr.. Markns and
Gilbert Sorenson came up from Saub
Centre to visit at the home OF Mr.. and
Mrs. Nels VOTERS.
Paul Gallus left for Watab Wednes
day, where he will be employed.
Mrs. Fred Hanfier and daughter,
Rose, visited friends in Royaltor
Thursday.
Willie Krottoschlusky, who has beer
visiting relatives at Long Praixie, re-
turned bome Friday.
Miss Agnes Koselke, who has baer
employed at Little Falls, returned
home Saturday.
Rev. BelzowsKi made business tril
to Little Falls Saturday.
Mrs. Mike Kliber, who has been il
for some time is Improving rapidly.
Mr.. and Mr.. Jake Yofek, who have
been visiting at John Stansk' s during
the HOLIDAYS, returned to their HON,
10 Little Falls Saturday.
Saturday was monthly market da,
and many of our farmers drove to tn,
city.
A number of vonng folks spent
pleasant evening at the home of Chas
Hautier Saturday evening.
Harry Drum of Waseca, MIMI, il
visiting his uncle, R. J. Sutliff, thi
week.
Cnas. Christensen returned to St
Cloud Monday, where he is attending
the college.
John Hanfler drove to Little Fall!
Saturday on business.
About six inches Of snow fell Sun
day.
John Stauek returned from Mime
apoils Friday, where he has been Wis
iting.
DR.. Hall, Of Little Falls: vas GU
here Saturday on business.
Mike Zewhoski, who had his fling
ers cut by circular say, while saw
ing wood with Stanek Bros. sawins
machine last week, is not doing a.
we'll as first expected and il may b.
necessary to amputato the FIRST 6Dge
Of the right haud, which is badl!
lacerated.
Little Falls herald. [volume] (Little Falls, Morrison County, Minn.) 1889-1950, 1907-01-04
MT. MORRIS

Dec. 29.-Mr. Larson and Mr.. Rome
son were in Royalton last week.
Miss Larson is spending her vaoa-
ton at home
Louis Larson was at Ramey last
week.
Charley Scott and family moved into
Mt. Morris last week.
F. <. Sterr went to town yesterday.
J. Thoen spent Christmas in Mt.
Morris.
Erick Talberg went to town with a
load of lumber. :... :...::.
Joseph: Sterr: spent Christmas at
Gilman: =. -: I*E.'''.* 49,
:::Xicrowd of Mt. Morris folks spent
Friday evening at Theo. Fleck's.
!; A party of young folks spent Thurs
day evening at A. NJ. Roneson's.
Miss Hilda Ronescn visited Miss
Polir sky Wednesday.
Daniel johnson took load of ties
to Royalton.