davidaulloa/AmericanStories huggingface dataset:
The Superior times. [volume] (Superior, Wis.) 1870-1912, 1908-10-24
A SORRY SHOWING.
Practical Workings Of Oklahoma
Bank Deposit Guarantee Law
Explained.
Reckless Banking and Speculative
Methods Follow Passage OF
Law.

The practical workings OF the Okla
homa law guaranteeing bank deposits
were described by Mr.. j. W. McNeal
one of the most substantial bankers or
that state and president OF the Ma
tional Bank of Commerce, Guthrie, in
short public address at Denver, Oct
!. 1908
Mr.. McNeal said:
TO my mind it is the most vicious
and pernicious law ever forced on a
body of honorable men. 1t contains
provision for an unlimited mutual liza
bility for all the defalcations, lack OF
Judgment, dishonest and incompetent
bankers. without any recognition of
the time-tried, strong banker, who may
have spent lifetime in building up his
reputation. Under the provisions Of
this law, the State Banking Board Is
required to levy an assessment equal to
one per cent. Of the average deposits
in each bank, and in the future, to levy
as often as may be required, sum
sufficient to maintain this fund, at one
per cent OF the average deposits of the
STATE
The Superior times. [volume] (Superior, Wis.) 1870-1912, 1908-10-24

Il have heard it discussed, and |
think 1t feasible for dishonest man
or set of men TO organize $4,000
bank, then create a lot of fictitious de-
posits as the proceeds Of lot of dunn
my notes, then let the bank close its
doors and call on the guaranty fund to
pay these deposits. Naturally, the de-
posits will be credited to men in no
way identified with the note itself.
1--WE had one bank failure in my town
for something like $l,O00,0oO. This
would have taken more than five per
cent assessment on the deposits Of the
state banks of Oklahoma. Supposing a
bank had 100000 deposits on a capital
stock of $4,000. Fifty per cent, or one
half Of its capital stock, would be con
tiscated to make up the one loss. 1T is
more dangerous to the honest, small
banker than to the large one, because
the large one can prepare himself TO
weather the storm.
"Under guise of this law an attempt
is being made to put all banks on an
exact equality. The man who has spent
a lifetime in building up an honorable
reputation is sacrificed for the sake OF
making some poor, incompetent, dis
honest banker exactly equal to him. 1t
is a mistake to suppose that sacrificing
the assets Of the solvent bank is going
to prevent the rascal from failing.
There is more money in it for him to
fail, under this law, than there will be
The Superior times. [volume] (Superior, Wis.) 1870-1912, 1908-10-24
wild Cat Banks.

What has been some of the results
Of the actual operation of this law in
Oklahoma? There have been seventy
seven new state bank charters issued
since the adoption Of this law, forty
two of these with capital stock of
only $4,000 each. There has been a
regular hegira for starting new state
banks without regard to the necessities
of the community or the character Of
the men starting the banks.
I'VE have one instance Of where a
man failed in Kansas, under his own
name, then started up in business
under his Wifes name and failed, beat
Ing his creditors out Of $4,000, not
paying them Il cent. Under the old ter
ritorial law, he attempted, under the
@uise of relatives to start bank, but
In two years his business was so trifing
that it forced him out of the business
He now has already started three
banks In Oklahoma and boasts that he
will start twelve more Within sixty
days from starting one of his banks |
am informed and his statement shows,
that he had a deposit account of over
100000. His cashier is under indict-
ment for embezzement | hope and
trust that he will be able to explain
IN" matter without wrong to him. |
only mention these facts to show that
il is immaterial what character of man
are at the head Of banks, they get the
business by claiming that the state is
guaranteeing them ana 1t makes no
difference whatever as to the character
or personality of the officers 4 man
may bet all his money on the races,
may gamble on the Board Of Trade,
may fight joint whisky, may lead
..oatioUs life, and 90 out and solicit
deposits. saying What do you care
what kind Of life | lead, the state is
behind me-"
The Superior times. [volume] (Superior, Wis.) 1870-1912, 1908-10-24

The function Of the next admiuistra
tion is not 10 bc spectacular in the on
actmeut OF great statutes laying down
new codes Of morals or asserting a new
standard OF business integrity but its
work lies in the details OF furnishing
men and machinery to aid the aand of
the executive in making the supervision
Of the transactions (of corporationsj 50
close so careful 50 constant. that the
business men engaged in il may know
promptly when they are ansgressing
the line of lawful business limitations
and may be brought mp standing when
ever this occurs. and may be prosecuted
whom the violations of law are hagrant
and defiant. and promptly restrained
and peual.zed Judge Taft at St.
charles No
The Superior times. [volume] (Superior, Wis.) 1870-1912, 1908-10-24

MadiSOn.-NO state tax Will be lev
led In Wisconsin this year except the
usual tax of S157 $40 to pay the inter
est on the bonded Indebtedness which
has regularly been levied since the in,
debtcdncss was incurred during the
civil war. In accordance with dis
Crctionary power conferred by law
Gov Davidson Secretary of state
Frear and State Treasurer Dahl at a
meeting removed the necessity for
levNing state tax by transferring
from the general fund to the capitol
building fund the sum Of $i5O,0OO, the
amount which the last legislature pro
Nidod should be raised by special state
tax this year to help erect the new
statchOuSe. This was done because
the general fund now has 1868, ,i57
so that $3.50. 900 can be taken from 1t
without any likelihood of its being
exhausted by the demands made upon
II during the coming year. The es-
timatcd additional receipts are $5,30l.-
Gao and disbursements in 1907 $5,S0l,
775.
The customary state taxes for edu-
cational purposes and of which the
state treasury is merely clearing
house will be levied as usual. These
consist of the scvcntcnths of a mill
tax for common school purposes,
amounting To about $500, 600, the
two.scvonths of mill tax for the state
university amounting to about $500.
600, the normal school tax of $3.50, 600
the free high school tax of $l25,0oo
and the graded school tax Of $4,000.
The Superior times. [volume] (Superior, Wis.) 1870-1912, 1908-10-24
REMEDY WOULD KILL.
to Reforms-Not the Instantane-
Gus Panaceas of Bryan.
Governor Hughes at Sioux City, Ia,
oct G

Governor Hughes at Sioux city, Ia,
Oct. g.
If you look conditions squarely in
the fact, you see that what labor wants
first of all is work, and that is depend
ent upon the countrys prosperity. 1t Is
hard to protect the prosperity Of the
country and cut out abuses; hard to
ness and will cure evils. 1t is hard TO
do things right, but we have got to take
the time and labor to do them right
In answer to Il question | put to him
Of remedy was worth a pound o. cure.
That is a fallicy; an ounce Of his rem
edy would Kill the patient. What We
need +. the expression of the Sonni
thought and good judgment Of the pco-
pie upon which We can depend. ! have
had time for two years in New York
fighting the fight and know it is hard
work You can't have a fash Of genius
ana change 1t all in twinkIIng What
YOU have to have is work hard, con-
scientious work, intelligent ana thought
ful. as well as determined, To- make
remedies square with the eXisencies Of
our life
When we consider everything, what
we want Is TO perfect the upbuiidlns u
our country and promote a steady, for
ward movement In the middle OF the
road. as is the aim Of the Republican
party and our great future President
Taft
The Superior times. [volume] (Superior, Wis.) 1870-1912, 1908-10-24
WHAT HIGH PRICES
MEAN TO THE FARMER
In 1895 Two Hundred Bushels Of
Kansas Corn Bought 1000
Feet OF Lumber.

Now One Hundred Bushels Buys
2,OC0 Feet-A Concrete Illustra-
tion Showing Why Land Values
Have Increased.
The Superior times. [volume] (Superior, Wis.) 1870-1912, 1908-10-24
LET'S CAT OUT OF BAG.
German Manufacturers to Flood
America With Goods If Bryan
Should bo Elected.

The following cablcgram to the New
York Sun under date Of Oct. 3 shows
what German manufacturers expect TO
do should Bryan be elected:
Perrin, oct. 3.-The gladiatorial
fight between President Roosevelt and
Mr.. Bryan has suddenly aroused Ger
man interest in the American Presi,
Dental campaign and columns are now
devoted to extracts from the mammoth
campaign documents Of the combatants
German hopes of Democratic rjctOrV
hare been rcrircd and many merchants
and manufacturers hare SHddcHlB
0rOWn optimistic about a rCriSiOn OF the
tariff Which ,cW endbic them to flood
america trm hCi goods"
The German manufacturers evidently
are shrcwd Observers. If Mr.. Bryan
should be elected and his downward
revision" doctrine with ultimate free
trade be carried into effect we would
soon be flooded with German-made
goods Of every description, and our fac
tories could 90 out of business
rro,.cux, T,rir Theory.
n, +bo o+,or hand sho,,1d Mr. Taft
no orooto5 orr friends tho German man.
,,r.,.,,,..,. ,,.,,,,1 NOT la otlo - hro,l,
.,,,.a., a., ,,.olI y, ,,ro+,,4i,, o.rl.b
,,.l,,I'1 -, ,,,,intai,a5 f,r r,o hn,ogt oe
,nani,,, Iarar
1,,a ,,n.,aati,.o +,rty ,hoor, &C 10
The Superior times. [volume] (Superior, Wis.) 1870-1912, 1908-10-24


out In Kansas a great deal Is being
said Just now about the lumber trust,
the high prices of lumber and the ter
rible expenses attached To the building
OF houses, cribs and other buildings,
says the Jewell County Republican.
The principal buildings being erected
this fall on the farms are corn cribs
in which tR store away the immense
crop which VAS raised throughout Cen
trail Kansas. and is now matured and
will be ready for the crib In n very
short time. In political discussion
here the other day the old story of
the high prices came up and ii was as
serted that large amount of corn
would necessarily be placed on the
ground this year because of the high
price OF lumber one farmer who has
no particular love for the trusts, but
is Inclined to look on the bright side
Of everything and who is well salts
tied with present conditions, declared
that In 1898. when lumber was very
cheap. and likewise corn. it took POO
bushels of corn to buy LOCO feet of
rrlhhug lumber Now. when lumber
is at tie highest point 1t ever reached
in The history Of Jewell County. 100
bushels or corn will purchase 9.0ou feet
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1908-02-28
AON-UHION MEN
PUT TO FLIGHT
Pitched Battle Between Gangs
of Structural Iron
Workers.

Florence, Colo, Feb. PA pitched bat
tie between twenty-five structural iron
workers, employed on the United States
Portland cement works. and as many men
who attempted to take their places, oc-
Cured today following walk-out of
the union men. Bricks, clubs and fists
filled the air. and the fight waged fierce
ly for several minutes. until the strike
breakers finally took flight over the hills.
The encounter took place on the road
between Concrete, where the plant is be-
ing erected, and Portland, - the nearest
town. The union men were returning to
Portland after having laid down their
tools and met the strikebreakers en- route,
to the works The latter had been en-
gagged last night, when the contractors
realized that a strike was inevitable. and
according to their plea, were not aware
of the circumstances under which they
We're to work
When attacked by the strikers they were
not aware of the motive for the act. and
fought back until they were able to es-
cape and flee across the hills
The union men walked out because the
contractors, Ruth & Flynn, refused to
discharge. A. B. Miller, a non union man.
who was employed as foreman.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1908-02-28
RICKEY GIVES
BIG BAIL BOND
President of the State Bank of
Nevada indicted on
Six Counts.
An Awful Blow.

Carson, New, Feb. 27.-T. B. Hickey,
president of the State bank, who was
indicted on six counts this afternoon
by the grand jury on the charge of en-
bezzlement, has furnished bail in the
amount of $50, 900
Among those who went on the bond
are r. K. Colcord, superintendent of
the mint; Ex-Governor Adams, Deputy
state Treasurer Wildes and a number
OF prominent tOWnspeOple. There was
some quibbling over the sureties, as
they were compelled TO qualify in twice
the amount of the bond Regarding the
indictment, President Hickey stated
that he was innocent of any wrong
doing, as viii be shown at the trial He
further said that he had not been treat
ed with any show of liberality on the
part of the district attorney, as he had
asked to be called before the grand
jury.
This afternoon Mr.. Hickey was ar
raigned to appear in court on Tuesday
morning at 10 o'clock, when the date
for trial will probably be set.
District Attorney Roberts stated
that. the grand jury has many matters
yet to consider in connection with the
bank
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1908-02-28
INDIANA MANS WEAK spot
Member of Hoosier Humane Society
Writes Roosevelt in Favor
of Cock Fights.

Washington. Feb. 27,-"Let the cocks
fight is the sentiment of a member of
the Indiana Humane society who has
written to President Roosevelt in protest
against executive interference with cock
fighting as feature of the Manila car
nival, which takes place today.
"A chance with the spur is surely pref
cradle to the axe of the cnief," said the
presidents correspondent.
He had read a news dispatch from the
Philippines saying an appeal had been
sent to the White house to have the Dit
abolished.
"it does not seem possible that the
chief executive would take pains to inter-
fere with the carnival festivities of the
Filipinos.' says the Hoosier correspon-
dent and adds:
This might be a good occasion to OBJ
serve that many Americans are ardent
devotees of the ancient sport of cooking
-one Of the few amGsements of man i'm
which our animal pets are willing 10 par
tfcipate.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1908-02-28
Powerful Committee Routed

Washington 2The and
by vote
bocka
objected the
protests ayaed them nothing The committees
ma IN odiousq
The
With the bill still under consideration adj
of
calling the the
concerning
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1908-02-28
Choctaw and Kaw in Debate

Washington Feb PA highly dramatic which
of
of
fellow
galleries When
ainstt the o OF
further
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1908-02-28
COOLING HAS TYPHOID.
Especial to The Herald !

Washington, Feb. 27.-Fred w. Good
ing of Idaho, president of the National
Wool Growers association, who came
here last week with a delegation of
sheepmen to urge legislation for con-
troll of the movement of livestock ship
ments on railroads, is i'll with typhoid
fever, and has been taken to a local
hospital for treatment.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1908-02-28
REDUCTION OF WAGES.

Atlanta, Ga, Feb. IA reduction
of 10 per cent in wages of all employees
of the Southern railway, except con-
tract labor. such as engineers. firemen.
etc. effective March l, was announced
today.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1908-02-28
pELEeArEs.Ar.LAReE.

ST. Louis, Feb. 27.-The Republican
state convention tonight elected the fol-
lowing delegates at large to the national
convention: United States Senator Viii
liam Warner. Attorney General Herbert
S. Hadley, John H. Boutwell, and John
r. Holmes.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1908-02-28
DESERTED AND
ROBBED BY WIFE
Former Salt Lake Man of
Mild and Forgiying
Disposition.
Especial to The eHrald)

st. Louis, Mo, Feb. PIT told him
treated her I would find and kill him, -
said Ralph Siddoway, formerly of Salt
Lake City, today upon his return to
St. Louis, after trailing his wife and
Matthew Newman, a young English
man, to Kansas City.
Siddoway and his wife were married
in Salt Lake City seven years ago. Il
loved her and did what could to make
her happy" said Siddoway, but if
she cares more for him than she does
for me, she will be happier with him.
They begged me not TO kill them when
1 found them together, and offered to
give me back the money they took
when they went away.
Robbed and Deserted.
II told them 1 did not want the
blood of either of them upon my head.
When they went away they took all
nv savings 1 have been making good
money as an automobile machinist,
and kept my money in safe deposit,
in which my wife kept her valuables.
81 met Newman in the hotel where
we were living. He was not working
and was in the hotel while L was at
work. I never thought he and my wife
were more than ordinary friends. We
were all members of coterie at the
hotel who played cards together.
when she did not return Monday
went to our room and found she had
taken her small belongings in suit
case. Through letter which a friend
showed me, 1 learned she had gone to
Kansas City.
Found Them Together.
Il got to Kansas City Tuesday morn
ing and went at once to the Antlers'
hotel. Newman was in the office and
shook hands with me so cordially L felt
ashamed for suspecting him. l resolved
| had been mistaken, and he accompa-
MED me to the station. But / got to
thinking the matter over again and re-
turned to the hotel. l asked the clerk
for my wife He told me Mrs. Siddo-
way was not there, but that Mrs. New
man was.
Il went up to the room and knocked.
There was no response. / climbed up
and looked through the transom. There
they were together"
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1908-02-28
COLORED BABES
DEATH BELIEVED
TO Be MURDER
Body of Mrs. Macon E.
Reeves Infant Has Marks
Indicating StrangIing.
REEVES is HELD AS
A POSSIBLE WITNESS
CRIME SUGGESTED AS PART
OF SUPPOSED DECEPTION
PRACTICED UPON HIM.

Investigation is being made into the
mysterious death of the infant child
of Mrs Macon z. Reeves. wife of q
colored waiter at the KnutsfOrd he
tel, who lives at Washington avenue
According to the belief of the authOri-
ties, the child was strangled TO death
sometime on last Sunday. DR.. w r
CaiderWood. county physician. after
performing an autopsy. declared that
there We're evidences that the infant
was strangled. He found marks upon
the child's neck which looked like fin
ger marks. Every effort is now being
made TO determine who is responsible
for the alleged crime.
Macon E. Reeves. the husband, was
taken into custody last night AMI
locked in the county Jail. He is not
suspected of the murder. He is being
detained as a witness and because it
is thought that he might commit
violence upon another man.
I'VE are convinced that a murder
has been committed" said one of the
men who have been Investigating the
case. There is every reason TO fear
that 9 second murder viii follow the
revealing of the facts W. have learned
concerning the circumstances sur
rounding the child'S death"
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1908-02-28
Deputies Get a Tip.

The deputy sherifts reported to Jus
tiCe Smith yesterday afternoon. As
they were sitting in Justice Smiths Of
flee, the judge mildly remarked that it
might be well for them to do some
more work upon the case. Deputy
Sheriff Emery replied that more work
was not necessary. as he and his as
sistant had done all that could posi-
bly, be done. Nevertheless, on leaving
the justices court they went to
Washington avenue to question some
of the witnesses, and to the KndtSfOr,l
hotel to talk to Reeves.
1t is alleged that Mrs. Reeves. on
summOninS Undertaken Hall to pre-
pare the body for burial did not give
her true name, and that she Incorrect
ly led the undertaken to believe that
DR.. Gibson had attended the child.
DR.. Gibson, it was learned. was
called to attend Mrs. Reeves early
Sunday morning. When he wen- away
the infant was apparently strong and
perfectly healthy. DR.. Gibson did not
return to the Reeves house His first
Information Of the death OF the child
was when he was asked to sign the
death certificate This he would MOI
do. DR.. Gibson knew nothing about
the case except that he had left the
mother and the child i'm satisfactory
condition.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1908-02-28
Was Separated From Husband.

1t is said that Mrs. Reeves was for
long time seDara ted from her hus-
band. He returned to live with her,
il is said, about three months ago. He
claims that he was not in tbs house
at the time of the death of the child.
The authorities are convinced that
the child's death was not caused by an
accident They believe that murder
was committed.
No arrest has yet been made. Mrs.
Reeves has been i'll since the inVesti-
cation into the case was begun.
DIR. Calderwood, when asked about
the result of the autopsy, stated that
he found indications that the child was
strangled. but was not prepared II
state anything definite.
Assistant County Attorney Farns-
worth had a conference yesterday DIT
ernoOn with Justice of the Peace
Smith, at which the evidence 81 the
case was carefully discussed. Ct is
probable that some action will be
taken today.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1908-02-28

Some advertising, like auto
horns, is simply noisy and don't
help progress. = Rusty Mikes
Diary.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1908-02-28
Hints of Deception.

1t was soon after this that Reeves
was arrested.
The theory of the authorities is that
the infant was murdered to carry out
deception practiced upon the man
who IS now in Jail. IT was feared that
Reeves. on learning Of this deception.
would ttke the law iato MS own hands.
The investigation into the case was
caused by the refusal OF DR. T. c. Glib
son to sign a death certificate. The
bOdy was then at Halls undertaking
establishment AS it could not be
buried unless the certificate was signed
by the physician Dr the coroner, The
undertaken reported the matter to Jus
tice of The Peace Dana T. Smith, act
ing coroner. Judge Smith called the
attention of the county attorney and
the sheriff to the case. Deputy SheTiffs
Emery and SDerrY We're detailed to
make an investigation. They have
seen four persons who claim to knew
something about the strange affair
The statements of these witnesses were
of a mysterious nature.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1908-02-28

Don't think of rivalry, except to
surpass it by more generous serv-
ice.-Printers' Ink.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1908-02-28
No Further Prosecution.

District Attorney LoOfbourow. who
had charge of the prosecution Of
George Sheets, expressed his satisfac-
ton that the case was over, and stated
Continued on page 2.
Hattiesburg daily news. (Hattiesburg, Miss.) 1907-1908, 1908-03-08
ATTORNEY GENERAL WILL
IGNORE COURTS ORDER
Receivers Were Appointed by Judge
Pritchard, But the Winding Up
Board viii Not Recognize the Gov
! srnment's Authority.

Ashville, N. c., March Federal
Judge Pritchard today named Judge
Joseph A. Mccullough, G. X. Hender-
son and B. F. Arthur as permanent
receivers for the South Carolina dis.
pensary fund. The receivers were di-
rected to take charge of the person
al property now in charge of the
Windiing-Up Commission, including
all money in the banks, and to give
bond of $4,000.
D. w. Rountre, of Atlanta, counsel
for the commission, gave notice that
the members would refuse to deliver
the property to the courts, and an
nounced a desire to appeal the ques-
tion Of the courts Jurisdiction to the
Supreme Court of the United States.
Counsel for creuitors objected to
the stipulation of any legal steps
whatever.