davidaulloa/AmericanStories huggingface dataset:
Pine Bluff daily graphic., 1908-11-08

The members of tbs#local aerie of Eagles are organizing Il brass oa@ of twenty-five pieces and tac uev organization will he ready for eH- eagements within few weeks. \ good band is something Pine Bluff iIas needed for many years. The Eaei5.. will also give q dance at heir hall on the night of Tuesday. Nov IT.
 NJ. l.. Reinberger went to NtheiHer yesterday on le&al business
Daily press. [volume] (Newport News, Va.) 1896-current, 1908-08-28

than onetep,h Of the capital an'
surplus to one person or corporation
but the law Is only directory. d!
course. the comptroller can snspend
Ia bank II II violates the law. bur the
law Is not enforced. because the
Enforcement Of such law would
throw the punishment upon Innocent
Stockholders and upon the community
since the suspension Of tank IN
flicis q great lass upon stockholders
and disturbs thu hGs.hess OF the city
or town In which the hank IL locafed.
The law sheula make II q criminal
offensc to loan more Than the pre-
scr!bcd amonnt' to one person and We
wGuli probably be able TO secure the
passage Of u Law prohibiting market
speculation by bank officials.
The: oklahoma plan Is better. "A
bank recently failed In Oklahoma:
within fortyeisht minutes after the
notice OF suspension, the officer In
charge had authority to pay al de-
positors. and then the banking board
proceeded to collect the assets OF the
bank and to prosecute the officials
criminally. when The business was
closed up. the stockholders passed a
resolution thanking tue state loara
for It's prompt action. the action Of the
hoard being u protection 20 the
stockholders. az well as 10 the de-
positors and TO the public generally. ;
%, Compare the Failures
Compare this failure under the
guaranty system with failure where
there IL no guaranty. In Oklahoma
the bank commissioner teterhened
the farmers to come In and get their
money. and the answer Yves. Il am
busy today with my crop: ! will be IN
In. a day or two
In Cleveland, Ohio. u hank failed
about the same time. and the papers
announced Twelve hundred infurt'
ated Italians stormed the closed doors
OF the busted banking house OF Costan
i.iopea ON Orange street. today. the
police drove the crowd back" :.
An. objection IL sometimes made to
the guaranty law that new bank
would start up across the street" ana,
being able to promise Its depositors
absolute security through the lgnaran'
" law. could draw the deposits away
from conservaiiyely managed banks.
bv offering a higher rate Of interest
than the latter could pay. This OF
lection Is urged rs II 1t were an IN
answsrable one. But let us see how
ga silly II can be met. Since the law
makes all of the banks liable for the
obligations of each bank. the law
should prohibit any abuse Of this Sc
curi,y by any bank. and In Oklahoma
the banking board has already nxei
the rate of interest that can be paid To
|depositors. According TO the rules OF
the Banking Board no bank Ia per.
mitt ed to pay more than three per
cent Oh short time deposits or more
than four per cent on time deposits
Yunn;n. Tor six month or more.
II has also been nraed as an %
ject ion that under the guaranty sys-
tenn a dig bank would have no advan.
ftase over a little tank. Even II TINS
argument were sound. II could NOT
weigh against the advantage OF the
system. for banks are made for the
people.s not the people for the banks
While there are advantages In HAVING
big banks, the advantages are MOI
sufficient to Justify the jeopardizine
of the deposition or Of the business N
serests Of a community. .r
/ g Advantages for BIG Banks
Daily press. [volume] (Newport News, Va.) 1896-current, 1908-08-28
{. |. Fafd adafas bsne nofs n.
nlsast ,,hR* mr =.
LEADERS SINCERELY colF|3tll
Local Man Was Much Impressed
Win the yiee-Presidential Nomi.
nee, Who Is Proud Of eeans a
"Grandson" Of Virginia.

Mr.. E. l. Ford. who was a member
OF the committee which on Tuesday
visited Mr.. Kern at Indianapolis md
formally notified him of his nominal
ton for the presidency on the
Democratic ticket, returned to the
city yesterday.
Mr.. Ford is more enthusiastic than
ever over the prospects for a Demos
cratic victory this fall. He declares
that all Of the party leaders. from
Mr.. Bryan down, are sincerely conf
dent and that people all over the
country are becoming imbued with
the spirit. He was much impressed
with Mr.. Kern, who welcomed the
Virginia member Of the committee
warmly and did not forget to men,
ton that he is grandson" OF the
Old Dominion. MIR. Kern said he
would speak in Virginia during the
campaign.
While at Indianapolis MIR. Ford did
not fail to make promises for Wiz,
ginia's par, in the campaign. He
told the leaders that Virginia could
be depended upon for an overwheim'
ing majority. and when he told the
story of how an excursion train o!
ten coaches carried 81 people from
Charlottesville to the Republican
Virginia Day" celebration at Ho;
Springs. the question was settled.
From Cincinnati Mr.. Ford was &C
companied to Indianapolis by his lit
tie son, Master Charles, and Master
Jerome Horwitz, son of Mr.. Abe Hor.
witz, Of this city. The boys were
given pages badges and they parti
cipated in everything that was going
on. Upon observing the youngsters
at Mr.. Ford's heels, Mr.. Bryan smil
fngly remarked. %: see you are start
ing Them out right early
Daily press. [volume] (Newport News, Va.) 1896-current, 1908-08-28
SHIPPING REPORT


Steamer Nero Gu 5 naval coiiierl
Kennedy. New 'York-to Berwind'
White Coal Company in ballast.
= Schooner Alma E. A. Holmes,
Smith, Bcston--to Smokeless Fuel
CoaIIpany in ballast.
Schooner Mary f. II. G. Dow, Mtr,
ray. Portsmouth-to New River Con
soIidated Coal Company in ballast.
Schooner Frank w. Benedict. Wells,
New York-to Atlantic States Coal
Company in ballast.
Schooner William H. Summer
Small. New York-to New River Con-
solidated Coal Company in lallast.
Schooner Edward T. Stotesbury'
Mech, Portland-Not chartered.
Barge Undaunted from Portland-to
New River Consolidated Coal Company
in ballast
Daily press. [volume] (Newport News, Va.) 1896-current, 1908-08-28

Tae ctief csuse of bank fat'urcs "
the making VI excessive loans 10 III
rcc.crs or officials Of the hank THIS
,s IN. fruitful e~usc of. disaster and
4, aa. been impossible To secare leg
ItsIation projecting banks from their
,s,ya ofsinia's and dsrectors. Why
g~raase There has bren nc mutual r"'
sponsibni,v When an banss hccofnr
liable fer tho depc~its Of earh. tn"
Is,c~ghc,dere ~tll insssi upon The en-
sc,mrEf ri law making 81 criminal
c.f.nss fnr tank official to loan
mcrr than the prescribed Amount 10
enc Individual. ~ present We hsvc
q. la~ prohibiting the jossang Of more
Daily press. [volume] (Newport News, Va.) 1896-current, 1908-08-28
coLIIoeo At DOCK.
vChsseosek esy stsse Hsms
Akeasnsr ch:eholm.

NO,sSe0aek 0ay 9tSte Nsmmeo ths
0tearnsr Chisholm.
Having had o new shell plate pSr
nm bcr hun NJ the shipyard- the Sea-
scsnI TRANSPORTATION Company
steam collier William Chisholm viii
steam from this port today for New
TAesand.
While joadiss esal st Chesapeake e
Ohio real dock No. J several days age,
the CHISHOLM VAS rafnmed by INC
vha,cbacs s:camcr Eav State. hav'"c
one Of knIl plates badly bent.
Daily press. [volume] (Newport News, Va.) 1896-current, 1908-08-28

u
But. as a matter OF fact. the big bank
would still have several tadrantages
over the small one. In the, first place.
II could make larger loans than the
small bank For instance. a bank WITH
81. zoe, 600 capital and surplus costia'
las at present.. loan &10a.9e0 to one per-
son. while hank with 100000 capitai
and surplus, could only loan $l9,Ob 10
one person. This advantage would IN
ITSELF draw to the large hank the large
ldeposits and the men doing business
tupon a large scale. for deposits follow
accommodations. -,.s- -
Then. too, there Is certain business
lad,antase in depositing with a big
bank Il is worth something to be
liable to refer TO big bank when ones
financial standing 10 ,beias. investi-
gated, and worth still more to have the
advice OF Q man Of large business ex-
lperienca when business enterprises
| are being considered.
/ Besides these there Is q social I'D
vantage. in being on good terms with
1.-THE men who are PROMINENT IN the
banking world. Surely the big banks
prestige will be worth enough TO u
under the guaranty system shcusd
laot besrudge the smaller banks the
Iadvensage which the guaranty old
pcsits will bring to them s' g
! cannot PASS from this subject with
out. referring to the fact that the big
bank needs the guaranty a. vel! rs
the little one. for big hanks fail rs well
Is small tanks, and the bigger the
thank the srester the calamity 70 the
Iccmnuuity when II fails. No hank Is
20 big as 10 he absolutely beyond
danger. and o community needs pro
tect lon asainst the mig banks failure
even more than against the failure OF
the small banks.
Weu,d NOT Lover Character
II has sometimes been objected that
the guaranty system would bring IN
to the bsnking business q lover class
Of men and reduce the average IN
character. On the contrary. the suar.
aniy Of deposits. submit. would. u
Ii, made any difference In this respect.
|bTtur INTO the banking business t''t-'
ter class Of men and raise. " that is
possible. the average character. II "a
not 10 q mans discredit that he "
No, willing that enc Of his fellow
men should iose money on his account.
Ii. q NOT a marx OF character taa; q.
nan should be careful Of his gJon
name and considerable Of the esteem
vi his fellows. A. present a successful
farmer or business man may tc in
duccd to take stock in hank IL
may 10 that his name Is desired 80
give standing and credit io :hr baak.
but sucb q man IL constantly hauntci
By 'ir fear that hank official NAV
bs guilty 81 criminal conduct which
uiII bring the bank into insolvency.
u IL even possible tia, the hanks as
sets nay io entirely dissipa'sj. and
thai the homes, citizen. who has no
come a s'ockhcsdcr. nav either bc
COMPELLED TO 20 beyond his legal Ma
billy or mrct Tho hitter criiicisnl of
the dcposifors who have suffered bv,
The failure. World u not b. worth
(Coptipucd on Fourth Pa4al
Daily press. [volume] (Newport News, Va.) 1896-current, 1908-08-28

Mr.. 7. W. Ross. assistant super
,r,euarr. cf hill construction AZ the
sh,pyard. hss scuc North TO spend his
vacation.
Daily press. [volume] (Newport News, Va.) 1896-current, 1908-08-28
Cleared,

Steamer Askehall tnr.D Fell, Hava'
na-Berwind-W White Coal Company 4
Steamer Sandcwn OBJ Paterson.
NerfoR-Unfted States Shipping Com
pany. 49, i' 80
Barge Bombay for Alfyn's Point
Whfts Oak Coal Company.
Daily press. [volume] (Newport News, Va.) 1896-current, 1908-08-28

sion: This money is not only win
drawn from, active use. but 10 lively
to he withdrawn tust at. the tine whea
ncnev Ia most needed and when the
xjt;,drawal win increase the IMAM
ciay dis;uybaNce. II Is imnossib'e
to reason with fear: It Is futile to
tell men that they viii probably gel
their money The moment the depos'
|i,o.s suspect a hank. they hasten 70
DESTROY Us so,vency Distrust. ana
dis, ms alone. can explain the hiding
money
Third: The increase IN the Issue OF
money orders, payable to the ORDER OF
the purchase-. IL another evidence
thai p-oplc are seeking greater 80
eurity for their MONEY. The hanks
will rev an intercs, upon deposits. ana
vet ,hose VIM buv money ORDERS pre-
fer 10 lose the interest aud. in atdf-
ION 20 that. ray tho prize Of toe mon
,y order IN order 80 secure TIRE gov
crnmCnt's guaranty.
Fosrfh: National .hanks confess
tina; shsir HANKS are mot secure when
thcx oppose the guaranty 81 state
tanks on the srcand that o. woS'f
lesson the deposits in national banks !:
AND state haak~rs cnasess that 'heiE
hanks are not ,sccure wh~n they oppose
a national guaranty system IN IN"
ground that " viii draw deposits away
from state banks. ~ You want To
find ehcthrr hanks arc Ahsoinieiy So
cure. ask the directors 90 give ron
tIei; personal mote 10 secure ycIr ~
posit and you Win icsr1 that trey
Daily press. [volume] (Newport News, Va.) 1896-current, 1908-08-28

in the nature CT enforced Insurance.
40 raise a guaranty fund to pay the
deposito.s of any bank which fails.
AND then ne questions the right o.
the government to enact such a law
saying: a. g-n- 20 "a
How state banks can he included
IN such a scheme under the cOnsti
tuition Is left In the twilight zone oil
state rights and federalism. 50 FIRE
Quentiy dimming the meaning and pur
loose Of the promises CT the platform
III they ceme in under sach q system
.hev must necessarily be brought with
In the closest. Rstiopal coafroi, and 20
they must really cease TO be state
.Innks aad become national banks.
His soliritude for the bank viii
hardly impress the country. for he Is
quite ipAsfferent 70 states and the:T
reserved sriehts when he desis with
ether .schtesss. When Congress Is
10 the csntrul q tisosc who want TO leg
|isiafe fl. the whn'e people rather than
for the few. !; will not be anficsl'
70 frame a law under which state
banks can avail themselves Of the
advantages q a federal law guaran.
ing the Deposit. 81 national banks.
just As IL vas easy In Oklahoma 10
frame q ,sw shieh permitted national
tanks to take Advantage OF the stste
gnssasty systcma n viii also he easy
"a enact Q federal law which VII
jermit national hanks 70 await the0-
sclvcs cf state guaranty sysfema unsif
a national system csn be SECURED.
Attorney General Bcnspar'e's rIIliue.
whether u correctly intcrprsfs tue
Law or NOT. vnsld rot bring such ocn-
S:crnatIor as ., does % The Republicans
candidate favored law siic~rfns nat.
,osaI tanks 20 Jake advantage Of state
sys,eBs for the protocttoa Of deepest
Daily press. [volume] (Newport News, Va.) 1896-current, 1908-08-28

has already made the banking regaIat,
He. declares thf the only bepeftt
would accrue to the spectator, who
would l., delighted 20 enter the bank
ing business when II wss certain that
he, couki enjoy any profit that wouIh
accrue. whiie. the risk would have tn
be assumed by his homes. and hard
working fellow The present bank
ing law reqaires thar . certain amosini
of capital shall be invested in the
[bysjne~s. and that law would still
s.apd. To enter the &ankisg business,
Therefore. a nan wonld either have
10 have the capital himself OF secure
the confidence Of men who had the
,eapisal. And this capiial. ;escthcr
with the Too per cent liability. would De
a guaranty that the stockholders
uou.d no, inteptionsliy s~icc, care
lrss officials. why would "specu-
,atsr-' NJ .'d-Iiehscsl TO enter the bank
ius business" under the guaranty sys.
tenn r. is not r-siered from prcur-
iary obligation nor sg ac relieved frou'
criminal liability. He would hav"
nothing io gain by careIessncss. nor
xouIs the sfncs6Aoljers have anything
80 csip d.. indifference q
Daily press. [volume] (Newport News, Va.) 1896-current, 1908-08-28
Saited.

Steamers Askehaii OBJ Fell, Hara'
na: Sandown (Brp Paterson. Norfolk
Nelrose. Frostad. Boston: Bay View,
Cammings. Providence; Bay State
Sneidern, ,Lyn.
Daily press. [volume] (Newport News, Va.) 1896-current, 1908-08-28
coai Tor Havana-

Carrying s.sS7 tons Ct coal sa'uen
ut S1s.Ss2 05. the British stsamsnip
A>sehali. Captain Fetl. steamed from
,hi, port yesterday for Havana CO
hA
Daily press. [volume] (Newport News, Va.) 1896-current, 1908-08-28

Calendar FOR Today.
Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1908-10-19
BRYAN Scoring Taft.

Girard, ILL.,, Oct 19.-Openly charg-
ing that the republican party, finding
itself rapidly losing ground, was now
preparing to purchase the election
Bryan, on the first day of his conclud-
ing tour of the campaign, is travelling
thru his native state, Illinois, and be-
ing greeted everywhere by great
crowds He is speaking with vigor
seldom equaled by him, and from the
moment he began talking at East st.
Louis, ILL.,, early in the morning, he
heaped upon Taft the severest con-
demnation. He is holding up both
Taft and Sherman as two men who,
above all others, are most objection
able to labor, accusing Taft OF advo-
eating the granting Of franchises IN
the Philippine islands, which he said
would fasten upon generations yet un-
born, a tribute to those who in this
generation are able to secure a fran
chise for distant possession. Taft,
in his opinion, seemed to lack utterly
any comprehension of what may be
done under such grants
At Granite City he referred to the
statement by Senator Dolliver, Of Iowa,
that God made the trusts, and must be
relied upon to regulate them. AS to
that, he argued that the senator and
Taft had gotten things turned around
and said that God was responsible for
the good crops. and the republican
party was responsible for the trusts.
Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1908-10-19
CAR RUNS AWAY
Terrific Crash On Trolley Line at Kan
sas City - One Man Killed and Fiji
teen Injured = Panic Among the
Passengers.

Kansas City, Oct. 19.-Three north
bound trolley cars on the Troost ave-
nue. line crashed together at Thirtee<t tn
street and Troost avenue here this
morning At least one passenger was
killed.
Among the injured are Albert Hutt
and S. S. Pollett.
Thirteen other passengers were more
or less seriously injured. The air brake
failed on one of the cars and it rushed
back down the steep hill. There We're
two cars coming up the hill back of
the first car and for two blocks these
cars backed away in thrilling at
tempt to escape The cars were crowd
ed with passengers bound down town,
many Of them prominent business men.
For three blocks before the cars final
ly collided, men and women jumped
frantically to the street and many were
hurt in their efforts to eSsape The
cars came together with terrific force
and all three were splintered. A. e.
Smith, of Nevada, Mo-, aged As, was
crushed to death.
Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1908-10-19
BUSINESS AT LEADING POINTS.
Moderate Improvement in Trade -
Northwest Makes Best Showing.

Moderate Improvement in Trade -
Northwest Makes Best Showing.
New York, Oct. 19-Moderate i'm
provement is indicated in reports Of
current trade from most sections of
the country, with pronounced conf
dence regarding the future. Retail
sales Of seasonable merchandise were
larger in the northwest, where lower
temperature prevailed. and irregular
at some points because Of unfavorable
weather, but on the whole good vol
ume Of business is recorded and sup
Elementary orders to jobbers and
wholesalers again testify to the limited
opened This strong statistical position
is general and promises well for sub
seuuent transactions. The presence
of many jobbing buyers in primary
markets is also a good sign. While
many new contracts in the steel indus
try are delayed until after election,
there Is fair activity on old orders,
and building permits steadily increase.
Textile plants make the best manu-
featuring returns of the week, numer-
GUS idle mills having resumed. and
buyers are more disposed to place Or
ders for future delivery. Railway
earnings in the first week of October.
were only 3.9 per cent less than in
1907, when there was an increase Of
8.5 per cent over 1905. The last fort
nightly report Of Idle freight cars
showed reduction Of 39,975, leaving
the total surplus only 1858.
Chicago.-Trade generally exhibits
sustained recovery. altho conservatism
is pursued by important interests and
new demands do not equal expectations
n iron and steel. An encouraging fea-
Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1908-10-19
Prominent Carroll Banker
Shoots Himself and Institu-
tion Closes Its Doors
HEAD OF THE FIRST NATIONAL
Financial Difficulties Believed to Be
Responsible for cubertson's Action
land Banks Affairs Now Under Way
-culbertson Prominent Among the
Bankers of the State.
pecial to Times-Republican.

Special to Times-Republican.
Carroll, Oct. 19.-W. L. Culbertson
president of the First National bank of
this place, shot himself today, with
suicidal intent, and died almost in
stantly The bank has been closed
pending an investigation of it's affairs
The sensational death of Culbertson
has horribly shocked the community,
and many rumors are af1oat that the
affairs of Culbertson and the bank are
involved. These can not as yet be
verified.
He went to the bath room as usual
about and fired the fatal bullet. He
was Immediately discovered by a mem
Der of the family. The public mind is
so paralyzed at the occurrence that
little else has been thought of and the
condition of the bank is the all-ab-
sorbing topic.
The bank has been placed in the
hands of the comptroller Of currency.
There is every reason to expect that
depositors will be paid in full Mr..
Culbertson was veteran of the late
war. He was 64 years of age, was
prominent in the business life of Car
roll and he was also we'll known among
the bankers of the state. He stood high
in the estimation of his fellow citizens
and in financial circles. The First Ma
tional, in which he was the dominant
factor, had a capital of 100000 and a
surplus of $4,000, nd its last state
ment showed deposits of a half million.
Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1908-10-19
TAFT EX[NPL|F|ES
The L|FE STRENUOUS
Candidate Makes Speeches in
Three Different States
in One Day
RECORD
BRYAN'S
SCORES
Oklahoma Constitution Declared to Be
geological Garden of Bryanesaue
Panaceas"-Bryan at East st. Louis
Continues to Harp on Publicity of
Contributions.

Newark, N. j., Oct 19.-Judge Taft
arrived here early today. A large crowd
was at the station and gave him ar
enthusiastic greeting. He was driver
to Blaney's theater, where he ad-
dressed a large gathering. He ex-
pressed himself as feeling fully equal
to the days program, which includes
speeches at Elizabeth and Trenton, N
j.; Wilmington, Del, and Baltimore
tonight
Taft discussed corporation control
comparing what has been done by
Roosevelt with Bryans proposition
''to destroy every corporation" Bry-
ans plan, said Taft. would result not
only in destroying the trusts but would
also destroy independent competition.
to control the corporation would be ef-
fective in stamping out evils but at the
same time would permit and encour-
age corporations as we'll as individual
enterprise.
Turning to the tariff, Taft said that
revision was certain. 1t would result
in majority of cases in reductions,
but that the measure of protection
might be equal, some schedules would
doubtless be raised. He denied Bryan's
assertion that the republican party
would not give an honest revision.
Taft concluded his speech by dis
cussing the recent panic, which, he
said, had come about thru too rapid
expansion in business. The evil effects
of the depression already are disap-
pearing, said he, and all that is needed
to bring about normal conditions again
is the restoration of confidence. Taft
reviewed Bryan's political record with
considerable detail, and declared every
theory the Nebraskan had advocated
sooner or later had been shown to be
faIiacious. This was illustrated, he said.
by the Oklahoma constitution, (Which
is perfect geological garden Of Bry-
anesque panaceas."
Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1908-10-19
lWN. IOWA. MONDAY. OCTOBER 10 1908

one of the most widely known priests
in America, was made in the church
vestibule at o'clock yesterday aft
ernoon by an unidentified man. The
stranger fired two shots at Father
Fielding after struggle and then
made his escape thru throngs of terri
fled children. who We're gathering for
Sunday school.
The preservation of Father Fielding
is attributed to his athletic prowess
and to his ready wit in feigning to have
been struck by the first shot and fall
ing PROSTATE on the vestibule floor.
AS his assailant fled Father Fielding
arose, ran upstairs to the rooms of the
clergy, asked a fellow priest to notify
the police, and himself took up the
pursuit of the would-be murderer, fol-
lowing him for several blocks.