davidaulloa/AmericanStories huggingface dataset:
The Springdale news., 1908-04-24

Mr. and Mrs. George Davis went up to Washburn, Mo-, Sat urday afternoon to visit with friends, returning Sunday.
The Springdale news., 1908-04-24

We are having real nice wealth. CT at present. Hope 1t will con-
The Washington herald., 1908-01-30
Bob Bell. a former Ohlo-PennsyIvanlar
BIGLOW TO COACH YALE.
Former Captain VIII he at Helm,
with Tad Jones as Assistant.

New Haven Conn. Jan. 2-Capt- Rob-
ert 3. BuTch. Of the Yale football eleven,
has appointed Lucius II. Biglow. third
captain of the championship 1907 Yale
eleven, as head coach. Tad Jones will be
assistant coach.
Capt Biglow had thought that it would
be impossible for him 10 return next fall,
but finally accepted the appointment. The
combination promises the best pair Of
coaches Yale has ever had-Biglow for
the linemen and Jones for the back field
Biglow has played on the varsity three
years at tackle and was captain and all
America tackle last fan. He did the en-
tire coaching Of the line and developed
a stOneWaH defense. Many followers OF
football at Yale insist that Biglow is as
good a coach as Frank Hinkey the great
end and captain.
Jones is captain Of the baseball team.
and, Ike Biglow. is a great leader. He
is quick and clever at planning and exc
cutting a play and understands every posi-
ton in the back field. The quarter back
next year VIII be the principal vacant
position, and Tad win be invaluable in
developing some one for the position,
Burch has not the slightest idea OF
playing at quarter back. His playing al
right end was Of such high quality be-
fore he was injured that he will be needed
TO take the place OF Alcott
The Washington herald., 1908-01-30
ED. GEERS APPROVES MEET.
Great Driver in Favor of Interna-
tiOnaI TrOtting in Russia.

Memphis. Tenn. Jan. 29-Although Ed.
Geers says he could not spare the time
to attend the imperial trotting meeting to
be held in Russia, and 20 which the best
of Americas trotters and PAGERS have
been invited. the veteran horseman hopes
that this country will be represented
a meeting of this kind with Ameri-
can representation will do more than
anything else to Offset unjust legislation
against racing in America" said Mr.
Geers. The Tennessee Silent Man is en-
gagged with contracts he says he cannot
cancel or ne might take a few Of his
cracks and other harness stars he could
command to battle with the best in Rus
sia
Ceers says that in a few years the Rus
slams will be breeding and sending trot-
tiers TO America If the war on racing con-
tinues in America The best blood, ac-
cording to his ideas, will come from
across the ocean.
The Washington herald., 1908-01-30
TRAIN AT CHARLOTTESVILLE.
TOrOntOs Will Practice on Grounds
of University of Virginia.

9Aftiai 70 me washington neTasl
Toronto. Ont. Jan. lg-Tha dates for
the spring training trip of tie Toronto
eastern League) champions were an
nOunced. by President McCanery last
night
The team viii report ten days earlier
than last spring, "a call having been is
sued to the players 10 be at the Uni
versity Of Virginia campus at CharIottss-
vile. Va, on March % The Toronto
team viii open in the East this year at
Providence, Jersey City. Newark. or Bal
timore. on April O. The following exhi-
bition games have been arranged: Rich.
mond, Va, March 81. April l and .: Nor
folk, Va April and 4: Portsmouth.
Va, April o and :. Wfliamsport Pa
April and 8; Lancaster. Pa. April 70
and II; Reading, Pa april II and IS:
Trenton \. J.. April % and ~
Manager Mike Kelley will caDtain the
Torontos and play first base. FLYNN
will be disposed Of Toronto sold Pitcher
Apologize 10 Johnstown Of the Tri-State
League. loren and Moffitt will also go
The Washington herald., 1908-01-30
LOS ANGELES RESULTS.

FIRST RACE-SK fu!oDgs Lee Harrison II.
jos CIV. Miller. 8 TO J. son; Prolific lU F. Mar
tinl. 20 J. second; Chalf0nte. l07 DfusgravCi 20
:, third Time lC Succeed. Remay. Sir Russell
Lord Nelson, RustlHg SILK Charles Green. and
WisJena also ran.
SECOND RACE-Three and one-haH f,lrlonFs.
Larry Auihgan. los NiusgTavel. 4 70 J. won; Aunt
Aggle. lo3 ~. II. Shilling. i 60 s. second, Inckv
Mate, ITO ID Boland Is 70 l. third Time. O:i3 25.
Orphan Boy Bertha AXIS Arbon Arise Ollie Ward
SemUcr Fidrlees ard Thclma Thompson also ran.
THIRD RACE-Six and one-half furlongs. Anoslra.
g r. Martini. TO 8 won; Billy Bowlegs. lO5 &C.
H. Shilling. Is 20 ]. second, EnHite l9l tGcldSein}.
80 20 l. won. third Time 2 Is BraWny Lad
Louis Cayauagh. Senator Beckham Chief Desmond
Godfather, and TaTaLan also ran.
FOURTH RACE-Six furl0ngs Rotanist lis
tN. Miller, to ? Won; Sir Edward. 10 HV.
hnarpls 10 ., second; Magazine. II8 IS. Burns
3 10 p third Time, l:A 40 Don Domo. Marster.
Macla5, light Wool. aud Gene Russell also ran
FIFTH iiAOE-One and tlree-si1teenths miles
p Casedor, l9i iHartyl, 20 2. won: Fonoasta. los
lBmus 10 J. second; Bellmonce. @ IL Martini
! "a p third. Time 254 Gentle Harry, Christine.
CoEigan. Fast0so Ten Row. and Iuyicius also ran.
SIXTH RACE-OHe mile. Col White 100 Nv
Miller even, Won; ITe5u los 10 II. Shilling q IN
], second Gossiper H. l0l 0Hartyl. 70 J. third
Time. la2 % Allegation Aucassin. Matte Bum
p. and Dredser also ran
The Washington herald., 1908-01-30
UNABLE TO DOWN UNKNOWN. ,
Miss Livingston Meets Worthy Rival
in Wrestling Bout.

Another setback was experienced bv
Cora Livingston, the female wrestler
who is meeting ali corners. at the Lv-
ceum this week. when she went against
the Unknown" last night for the sec
ond time, and not only again failed 10
throw her. but had a little the worse
of the bout. The Unknown" proved a
much better wrestler than expected
and if anything. was a stronger and
better grappler on the ofense than the
woman who claims the chamuionship
OF her sex on the mat AT the end Of
ten minutes Cora claimed a pinfaU
when her rivals shoulders were far
from the mat Referee Pat O'Connor
promptly refused to allow the claim
and Cora as promptly quit, but finally
decided to take another chance.
Cora takes on Louise Hilton Tonight
and meets Bertha Stark whom She
tailed TO throw on Tuesday. tomorrow
night On Saturday night Miss Living
ston viii once more tackle the husky
Unknown and the bout Will probabIv
be to q finish
The Washington herald., 1908-01-30
SAN FRANCISCO RESULTS.

FIRST EACE-Six furlongs Belle of Iroquois.
zoe Kelly. I 10 ]. Wou. Curriculum l06 Miller
DC D. J. second. Boas % walsh to J. third.
Tine J IS 55 Salvage. Bliy Myer, sam Barber.
Matte IT,, Ambitious sam McGibbons. Marvel I.
l.mdala, Jockey MUlnce. RAY BENEFIT and Dick
Wilson also rar
SECOND RACE-Tbree furlongs. Aiadrleuo. lo2
lbugam. ; % 2 Won. Bill Patton l0} Davis. IS To-
3. second; Ed OImoude l05 HeaJhert0ul Il 10
third Tine 03625 Narrator Matchuia. Nora-
Esrod, DUhme Phyllis, Aclates. and e Paso also
IAN.
THIRD RACE-Oue mile and seventy Yards Wing
Ting, g tButieIl, even, won: Down Patrick l92
tNeufryl, j 20 J. second Judge Nelson g lDugani.
to J. third Tine l:i8 Is. Plausible also ran
FOURTH EACE-Oue mile Rapid Water l2i
tDUgnl. % q, won. Fred Bent. IS lKirschhaumi
Do % J. second: Johnny Lyons, los IHayesi q TO 5
third Time l:4 Is Coyue and LogistHla also
ian.
FIFTE BACE-One mile aud seventy yards.
GIouloboi. Jos .sc0Tillel. Z 10 s. won. Boomau. l04
ChaTboneaul g To T. second: Rosy Light l0l
SANDY 90 20 J. third. Time Isl Kogo. Joc1nd
Acn0a. Miss May BoWdish and Bouar also ran.
SIXTH RAtE-One mile Marian Casey. lG5 rDu.
gam, li TO Q. Won; Adena &C tKirschbauml L 10 5
second, Cameliua IS OHeathertonl 30 % J. third
Time l.i5l5 SuIine. Margaret Randolph. Keep
Moving Love O. Gold. Gold Bar. and Princess A
also ran.
The Washington herald., 1908-01-30
SHEPPARD BLAMES HASKINS
New York Runner Charges Pennsyl-
vanian with Fouling.
Claims that COllegian Is Past Mas
ter at EIbo'ving and Trip
ping in Races
special to The Washington Herald.

Special 10 The Washington Herald.
New York, Jan 29-Melyin Sheppard.
the crack middle-distance runner, who has
been suspended by the A A. L. for strik-
ing Guy Haskins, of the University of
Pennsylvania, in a race at Philadelphia
last Friday, has issued statement in
which he places the blame for the trouble
upon the Philadelphia collegian.
Sheppards statement gives the whole ar
fair an entirely different appearance. He
claims that in every race in which he has
met Hasklns. the Pennsylvania has
stopped to all sorts Of unfair tactics. He
says that Haskins is past master in the
art Of fouling by the use of short elbow
Jabs and even tripping
Sheppard says that before the race IN
Philadelphia last Friday he warned Has
hns that if there was any fouling in the
match there would be trouble. He says
that despite this warning Haskns struck
him, and it was then that the fight start
ed. Sheppard also claims that after the
raco he was assaulted 10y CaTtmeI. cap
tain of the Pennsylvania track team.
It VIII be remembered that last winter.
In a race in a meet at Richmond. Has
kins assaulted Pete Herring. of this city.
and for the offense was suspended by the
Southern Athletic Association of the A
a. L. The Northern authorities. however.
whitewashed the Pennsylvania athlete
and he was allowed to compete in later
meets.
The Washington herald., 1908-01-30
TY COBB WORRIES JENNINGS.
Manager Said to Favor Paying
speedy OutfleIdeP $1,000.

Detroit, Mich, Jan. 29.-Hugh Jennings,
manager Of the Detroit Tigers, will report
here on February l.. President Nayin
to-day received a letter from the red hair
ed one TO this effect It was big. fat
letter too, and from what has leaked
out at baseball headquarters Jennings is
worried by Ty Cobb holding out for 5000
in long green.
Jennings knows that the success of the
club depends in a great measure on the
hitting, base running. and fielding OF the
Georgia lad. and he knows also that there
Is only one Ty cobb running loose just
now. It is said Jennings is in favor of
giving Cobb the s.. 600 he asks.
The Washington herald., 1908-01-30
Schedule for Tonight.

FIvE-NfAN TEAMS. : ?. NJ.
Morning Gl0ries-Class \. Alley s.
Casino-Clsss D. Alley 2
Post-ofice-Class =. Alley
Commissioner Glass 4. Alley S.
Capitol-Class h. Alley 4
PotOmac-Class a. Alley g.
DOUBLES, 9.5 p VI.
Crist and 0Donnsll-Class A. ALEX l.
Frederick and SheTWOOd-ClaSs r. Alley .
Ward and Bisbop-Class b. Alley .
Smithson and Dietrich-Ciass c, Al ey 8
Morris and DE Yo-Cgass A ALEX G.
Sheppard and II. Smlth-Class C. Alley T.
SINGLES, 10:40 =. NJ
Campbell-ClaSs A. Alley l.
Toboldt-C Class a, Alley 3.
Kidd-ClaSs A, Alley G.
TalbeTt-Class A. Alley 3
A. L. Haters-Class G. Alley
Il. Doyle-Class B, Alley !.
SINGLES. HIS P NJ
Herbeck-Class G. Alley l.
DR.. Willisms-Class c. Alley s.
NoTbeek-Ciass X. Alley 6.
Holt-Class c, Alley
L. Herbert-Chss c. Alley g.
Walsh-Class B, Alley 3
The Washington herald., 1908-01-30
TAYLOR UNDER A. A. U. BAN.
Penn's Runner Suspended for Fail
ing to Keep Engagement.

ing To Keep Engagement.
Philadelphia, Jan, @-J. B. Taylor,
PENIS star quarter-mile runner may be
indefinitely suspended from the A. A. Z.
because of his action on Monday night in
refusing to meet Harry Hilman in the
6@-yard special race at the Pastime Ath-
letic Club in New York Taylor ran In
the 440-yard dash and failed 20 qualify
He then Informed President Sullivan that
be was in very poor shape and would not
race Hilman.
Sullivan told him that the race had
been widely advertised and a large crowd
of spectators would be disappointed If the
race failed 10 take place. Taylor remain
ed obdurate. and Sullivan then informed
him that there was a rule of the \. A. L.
providing that If any athlete, being duly
entered in a meet, appears on the track
and then refuses to run. he suspends him
self by his action. Taylor still refused 70
run, and Sullivan told him that by his
own action he suspended himself and
could not run in the a. A. t. meets till
reinstated. The Pennsylvania runner was
loudly Kissed by the spectators.
The Washington herald., 1908-01-30
LOUISVILLE BOWLERs WORRY
Delegation To A. b. c. Meeting In
structed TO Vote for Cincinnati.

structed TO Vote for Cincinnati.
Louisville, KY Jan. 29.-LouisviIle's
delegation to the American Bowling Con
gress At Cincinnati has been instructed
to vote for Cincinnati for the 1909 con
gress, but there is reason to believe this
was done to avoid openly lining up for
Detroit.
Louisville win have six votes. five for
lts torty-six clubs and one for Col. J. H.
Haager, member of the executive com
mittee At a meeting OF the Louisville
association, at which delegates were
chosen. e. b. Addison. a former presi-
dent said the fight in the congress would
be East against West. and that the West
could not afford to let the congress go TO
Pittsburg, as It was too near the East
Local officials say a concerted move
ment hae been begun throughout the
West which viii line up St Louis, Chi
cago, and all cities west OF Cleveland and
Cincinnati in a solid column for Detroit
The local delegates viii vote for Garry
Hermann for reelection
The Washington herald., 1908-01-30
HartseI Signs with Athletics.

Philadelphia, Jan. 29.-"Topsy" Hartsel,
left fielder Of the Athletics, is the latest
member of Connie Mack's squad to sign
his contract for the coming season. Up
TO date the members Of the Athletics have
sent IN their signed contracts much
quicker than in previous years, and there
are only a few more to be heard from
Manager Mack announced yesterday that
he had drafted Herbert Moran. a promis-
Ing outhelder, from the Trenton Tri-State
League club.
The Washington herald., 1908-01-30
Montgomery Gets Gremineer

Chicago, Jan. 29.-Manager RYAN. of the
Montgomery Southern League team. has
obtained Third Baseman Greminger from
Minneapolis Il is reported that Robe.
Welday Fiene. and Quinin are slated
to become members OF Cauullon's Ameri-
can Association team.
The Washington herald., 1908-01-30

New Orleans. Jan. 29.-Fore and Sea
Swell, carrying the eoIors of l.. A. Celia,
the st. Louis turfman. finished first and
second in the National Stakes, the fea-
ture Of to-day's programme at City Park.
Behind The pair came Corrigan's Eliza
beth Harwood. which was coupled with
Anne MCGEE, and the favorite In the bet
ting.
The winner was quickest to get away
from the barrier. but it took the best ef-
forts Of the negro jockey. J. Lee. to land
her a winner over Sea Swell. The latter
was probably meant to win, so as to keep
down penalties on Fore, but the strong
bid made by Elizabeth Harwood forced
Lee TO drive Fore to the limit II was
Fore's first start. and. judging from her
game race to-day, she is likely to be
heard from on the Metropolitan circuit
The racing to-day was probably the best
That has been seen this season. Glass
was sprinkled through every event. and
in the main the finishes were exciting.
Summaries.
FIRST RACE-One and one-sizteenth miles. Rex
ane, q q. Sumpterl, 20 3 wen: Water Cooler 100
iHuinageli, 30 TO J. second; Ny Love l03 iHuestsl
j. 10 !, third. Time 40 50. Silver BAH. Cza-.
Silver Cup, Bitter Man, Sundart Mickey Mead
Mamie May. Speedmauel. Mason. and Edna also
ran.
SECOND -Steeplechase; about two miles
Monte Carlo. l8 Pending % / won; Pete Vine
gar. ltS lWeltonl. 20 J. second Peter Becker l4s
lHufmanl 10 10 ]. third Time 500 25 Profitable
Dawson Aults Little Waly. killd0e Bank Holt
CAV Creolin. and Rip also ran.
THIRD RACE-SiX furl0ngs Colloquy III Is
Heideli. Il b s. won; Lens. i07 iNotterl TO s.
second; Apache, 90 &c. Henry 3 to J. third Time
IFS 80 Jersey Lady, Al Muller Giorifer. and Ella
0'Nel also ran
FOURTH RACE-Three f1rlongs. Fore 10 a.
Le5i 20 J. won; Sea Swell us lNotterl 10 J.
fec1ndi Elizabeth HaTg6Od. us &C. Koernerl 10 5
third. Time. 0.35 Is. Anne McGee Broughan
Cunning, Glorioie Lillian RAY, and Lads Chiffon
also ran
FIFTH RACE-One mile, Lad Of Langisn. lOi
tNcDsnien. 10 !. won; Hyperion H. 100 JNotteri
o. 5, second; Carthage. 100 o. Powursl to 2
third. Time. J 40 90.
SIXTH RACE - One and oue-sxtesnth miles
BTakesQclre. los fNotteTl, Is o. J. won; Lotus
Brandt. les ". Powers 4 % l. seclnd: stoueman.
100 ,DubeO 10 10 l. third. Time. "a IS Jennie's
Beas, Naie Fletcher, Merg0 Bukhead sylvia e.
Peoria, and The GayeI also ran.
SEVENTH RACE-One and one-sixteenth miles
Green Seal, SO c. Henry, S to 2 won: Lord Lovat
lol tNoiierl, 9 20 p second cid. l03 Mcdaniel 4
u J. tfud Time, las 25. Delphie, Doubt and
Minot also ran
The Washington herald., 1908-01-30
sox Get NIinneapoIis star

Chicago. Jan. 29.-President Comiskey.
of the White Stockings. yesterday re-
ceived the signed contract of Pitcher Jim
Freeman. Freeman was the star pitcher
Of the Minneapolis American Association
club last season
The Washington herald., 1908-01-30
Do. Jordan Denies CritIcIsing Cnmn.

New Haven, Conn. Jan. 29.-Dr. David
Starr Jordan. president OF Leland Stan
ford University, has sent here a denial OF
his attack on Tale athletic methods and
on Walter Camp. the Yale athletic di-
rector, which was circulated throughout
the East recently.
The Washington herald., 1908-01-30
policeman Mckeever Promoted.

Mai sylvester has recommended TO
the District Commissioners that J. ]. Nc
Keever. private of Glass 2 in the
Metropolitan police department OF the
District, be promoted 20 be private OF
Glass 3. to take effect on and after Febru-
airy i. The recommendation has been ap-
proved by the Commissioners.
The Washington herald., 1908-01-30

Charlie Lemmon's excellent rolling in
the singles was the feature Of the third
night Of the City Association Bowling
tourney on the Palace alleys. he making
a total of GOA for the three games, which
gives him a commanding lead in the indi-
yiduals event.
Eckstein and Redeker climbed into Sc
lect company in the doubles event OF
class A, and Essex and Hustled got placed
IN the doubles Of class b. Scores:
The Washington herald., 1908-01-30
Reason for Bond Issue.

It was in order to relieve the situation
growing out Of the rapid rise in the
premium on currency and the price OF
government bonds available for circula-
ton. he states. that the issues Of 9 per
cent certificates and Panama bonds were
determined upon on November i. If the
proceeds Of these issues had been re-
tanned in their entirety IN the Treasury.
he says the increase in bank circulation.
made possible by the issues. would have
been onset By the withdrawal of funds
from the banks. but by allowing them %
hold 90 per cent OF The purchase price of
the bonds. this condition was overcome.
and at the same time an indUcement was
offered for taking out the bonds The
Secretary adds. significantly.
Ultimately the results Of these offers
on the part Of the Treasury were SUCH
that it was found necessary 10 issue only
$24,63l9s9 in the Panama bonds and
81. $500 in the certificates Of indebted
ness. Practically an OF both classes Of
obligations, excepting $3.50 in bonds.
were used as the basis for increasing the
bank-note circulation OF securing public
deposits
The Washington herald., 1908-01-30

COMMERCIAL DUCKpIN IrAorr
Barry Coach at Wisconsin,.

Madison Wis, Jan. 2s-Thomas Bar
ry was elected football coach of the
University of Wisconsin last night. He
was half back or the Brown Uniyer-
sity team at one time.
The Washington herald., 1908-01-30
WESTERN DEFEATS EASTERN.
Red and White wins Basketball

Red and White Wins Basketball
Game by Score Of 35 80 10.
The Western High School basketball
team declsively defeated Eastern High
yesterday afternoon in the Y. NJ. c. A
gym. The fast team work of the George
town boys enabled them to pile up q
total of IS points TO their opponents 10
Eastern showed its lack Of practice
although it showed team work at times
Mclean and Martin played star games.
The lineup.
The Washington herald., 1908-01-30
FORE TAKES STAKES
CelIa's C0lOrs First and Sec
Ond in the National.
ELIZABETH HARDWOOD STRONG

COrrigan's Horse Comes with "a Rush
and COmpels j. Lee 10 Let Fore Ont.
sea Swell Probably Meant to Win,
bat HarwOOds Speed Upset CaIeu-
latiOns Of st. Louis THURMAN.
The Washington herald., 1908-01-30

Only ten cents week, delivered at
your door-the daily issues Of The
Washington Herald Phone Main $780,
The Washington herald., 1908-01-30
The lineup:

VuFIS ION held--f1hdTeth l5li Mclean 81, Poi
henus o., Donovan, Robeson. Martin 81. Chase
Whitney Free tOss-POlhemus Time Of halves
% and Is minutes. RefeFee-Mr. Taylor Y. NJ. c. a.
The Washington herald., 1908-01-30
PRAISES The HORSE
Mr.. Silouse Asserts Racing
Promotes Advancement.
ENCOURAGES THEIR BREEDING

Second Days Session of the AMER
lean Breeders Association Charae-
terized by Interesting Reports and
Addresses-Dr. Bell Talks of In
feriOr and Superior Beings.
The Washington herald., 1908-01-30
Interior Banks Held Money.

The ComptrolleT's call for bank state
ments on December 3. Mr.. Cortelyou
says, revealed that much Of the currency
withdrawn from New York had been
added to the reserves Of interior banks
and that their position was exceptionally
strong. Then be says
The announcement Of the issues Of
new securities by the Treasury. accom-
panied by the publication Of letter by
the President TO the Secretary of the
Treasury, marked in some degree the
turning point Of the panic. The deficit in
the reserves Of the New York clearing
house banks which on November Is was
$53. 666 $50. increased in the next week less
than $4,000, and in the following weeks
turned rapidly downward until the
amount on December y. 1907, was only
S20.170,S50, and By January Is had been
converted into surplus of So 6S5. 40 The
cash holdings Of these banks which had
touched a minimum on November 3,
1907. of $215.S51. 100, rose on November Is.
1895. TO S295.1S2.60 No further steps Were
considered necessary by the Treasury eX-
cept TO continue deposits of public moneys
for a time where they were available. and
early in December it became possible 10
replenish the cash in the Treasury by the
withdrawal of about 100000 from ma.
tional banks in New York City. The pre-
MUM on currency did not wholly dlsap-
pear until about the beginning of the
new year, but remained only nominal dur
ing the latter part of December as. panic
subsidized and as the funds withdrawn
from banks for boarding were gradually
restored ="
The Washington herald., 1908-01-30

After quoting an array of figures to
show the extent of the danger TO which
the crisis brought the country, the Score
tary launches into an elaborate defense
of the issues of new securities. He takes
the responsibility for suggesting the issues
of Panama bonds and Treasury certif-
Gates, with the qualification that these
securities should be issued only IF neces-
sary.' By these measures, he says, con
fidence was restored. the premium on cur
rency fell Immediately, and bids were re-
ceived fOrty-fOur times the amounts of
the proposed issues. The entire proceeds
of the issue of Panama bonds he states
have been expended upon the canal work
so that no question Of the legality of the
issue can be raised As to the certificates.
he claims that the statutes make the
Secretary of the Treasury the authority
10 decide when such issues are to be
The Washington herald., 1908-01-30
Much Local Paper Issued.

The Secretary reviews the appearance OF
clearing house certificates all over the
country, and refers 10 a report which he
submits. showing the amounts taken out
In the various centers In New York
alone, he states. such certificates were is
sued in excess OF 500. o01.00
By the middle Of November, be says. the
Treasury had deposited with the banks
all accumulated funds not needed for the
actual expenditure OF the government
and had reduced the actual working bal
ance IN The Treasury % approximately
10000 The revenues were also falling
OF, owing to the lack of ready money. and
to meet this condition banks were allowed
to withdraw government bonds which
they had on deposit 20 secure currency.
ard substitute therefor bonds suitable for
sayings-banks investments. 50 that the
bonds thus released might be available as
a basis for further issues Of bank notes
The result was that many millions Of ad-
ditional currency were issued. He shows
that from October y 20 December 81. be-
tween which dates the crisis arose and
passed, the national bank note circulation
increased from about 1861 .0j9,g,0 TO about
$500 0og,o18