davidaulloa/AmericanStories huggingface dataset:
The Montgomery tribune., 1910-07-22
BANKERS ARGUE WISDOM OF
SECRETARY OF TREASURY
MAcvEAGH's REQUEST.
BANKING OPINION DIVIDED
Law Authorizes Cooperation to Issue
Emergency Currency, Intended as
strinsency Measure-Prepara-
tion Urged During Calm.

New York City.-Banking opinion
in Wall street is divided as to the
wisdom of the secretary of the treas
ury's request that banks organize
emergency currency associations, as
announced last week, but 1t is likely
that, as an indirect result of the Sec
retary's urging, number of powerful
banks in New York will form such an
association. The committee having
the matter in charge Is composed of
II. p. Davidson of J. p. Morgan & Co.,
Frank A. Vanderlip, president of the
National City bank and A. b. Hep
burn, president of the Chase National
bank.
To make the situation clear, 1t is
necessary to go back few years
and review the history of the emer-
gency currency legislation. The pres
ent law was enacted in 1908 and was
intended to provide means of putting
more actual cash into circulation in
times of stringency.
Currency Issued on Any Security.
1t provided that ten or more banks
might combine into associations, and
that by making themselves mutually
responsible for each other they would
be empowered to issue new currency
on any securities held by them, includ-
ing commercial paper. The difference
between this plan and the ordinary
procedure is that in time of no stress
ordinary securities cannot be made
the basis for currency issues.
The committee of New York bank
ers, mentioned above, was named at
the time the law was passed, but the
matter has been allowed to lie quies-
cent since that time, chiefly, perhaps,
because there has been no panic and
because the bankers have seen no
prospect of tight money crisis.
Secretary MacVeagh, however, took
the view that the work of organizing
these groups ought to be settled while
things were calm. He recently adj
dressed a private letter to bankers
and clearinghouse authorities in this
part of the country urging them to
form associations in anticipation of
Tic lutuiS.
Bankers Opinions Differ.
Mr.. Davidson said, when asked
about the prospect of forming an asso-
citation, that he preferred not to make
any comment as to the wisdom of the
secretary's move. But the fact that
he is member of the committee and
that the committee is going ahead,
speaks sufficiently for his position.
Horace Kilborn, one of the vice.
presidents Of the National City bank
spoke emphatically in favor of the
plan.
II think the secretary is Just right
said Mr.. Kilborn. "Of course, there
is no immediate need of any emer.
gency currency at the present time
and everything is calm; but the idea
is that the associations ought to be
formed now, when they will make the
least sensation. In a time of real
need the sudden formation Of them
would only add to the alarm"
The Montgomery tribune., 1910-07-22
senator stephenson's Son dies.

Senator Stephenson's Son Dies.
Menominee, Michigan.--Colonel l.
Watson Stephenson, eldest son OF
United States Senator Isaac Stephen,
son OF Wisconsin, died at his home
here Of tuberculosis. He Is survived
by his widow and two children.
The Montgomery tribune., 1910-07-22
CONDUCTORS AND TRAiNMEN ON
GRAND TRUNK AND VER-
MONT CENTRAL QUIT.
WAGE ADVANCE Is ASKED
Five Thousand Shopmen Idle Pending
Settlement of Controversy-Tel-
esraphers Are Not Expected
to Join Walkout.

Montreal, Quebec.-Conductors and
trainmen of the Grand Trunk and
Central Vermont railways obeyed an
automatic strike order at $3.50 o'clock
Monday night. Sunday, when the
members of the strike committee left
Montreal, each man carried sealed
envelope, to be opened at that hour,
calling strike unless telegram had
previously been received which, upon
comparison with copy inclosed in
the envelope stated otherwise.
No such telegram was sent, so the
strike became effective at $3.50. I'm
der the terms of the strike order,
trains which began their runs before
$50 were taken through to the ter
minal by the men in charge.
The Montgomery tribune., 1910-07-22
AwfulIy Busy.

Jim-A stitch in time saves n.ae.
Tom-Who said that?
Jim-Gee! Amt you read your
Bible?
Tom-Nope; ] a,at even had time
TO read the sport.zg page this morn
ing yet.--Cleveland Leader.
The Montgomery tribune., 1910-07-22
$3.50 Men Are involved.

The strike, it is said, tied up the
entire system from Portland, Me-, to
Chicago. The total number of men
affected is $500 trainmen and conduc-
tors on the Grand Trunk and $50 on
the Central Vermont. In addition, 5000
men engaged in shop work were tenn
porarily laid off The telegrapers will
not strike with the trainmen and con-
ductors, as had been promised.
The total mileage of the Grand
Trunk system is 4,705. The mileage of
the Central Vermont, controlled
road is 536. The Grand Trunk chief
ly is owned by English shareholders,
and most of the directors live in Lon
don.
Strikers Have 100000 Fund.
Asked to what backing the interna-
tional unions would have for such an
extensive strike, Vice-President Muir
dock of the Brotherhood of Trainmen
said
There is a protective fund of ST.
100000 back of us now, and there will
be no difficulty in getting $35C,000 a
month to keep the strike going. The
full protective features of both unions
will be given with payment of strike
pay of $50 a month to the conductors
and $35 month to the trainmen.
The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1910-09-19

privilege was granted. The work will
be done under the supervision OF the
city engineer
The final assessment roll was ap-
proved on combination storm and
sanitary sewer from West Second to
West Fourth street, in the alley be-
tween Chestnut street and the India
napolis division of the Pennsylvania
railroad. 1t was reported that the
contractor repairing curb and gutter
on South Seventh street has comp!et-
ed his work. Bids were received for
the construction of a cement walk be-
tween North D and North Eighth
Street on the east side Of Fl Wayne
avenue. The contrast was not let to-
day.
The final hearing on the widening
of West Fifth street. from National
road to the Pennsylvania railroad was
again considered but postponed as the
board has not yet investigated the re-
monstrance filed by William Bell
some time ago. The matter will be
looked into tomorrow
The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1910-09-19
PRESIDENT At YALE.
american News service,

(American News Service)
New Haven. Conn, Sept. 19.-Presi-
dent Taft arrived in this city In his
special car at a. m. today. He came
here as member of the Yale corpor-
alton to attend an important meeting
scheduled for today at which 1t was
thought that the question Of the ap.
pointment OF President Hadley or Yale
as chairman of the railroad stock and
bond commission might be brought
and arrangements made whereby. he
might be granted time from his uni
versity duties to attend to the com.
missions work
It was planned that President Taft
should leave for Cincinnati at 3
o'clock.
The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1910-09-19
TO REOPEN ACADEMY
Two EarIham Professors to
Assist at BIoomingdale
Ceremonies.
TO TEACH AGRICULTURE

Two Earlham professors will leave
Tuesday for Bloomingdale where they
are scheduled to appear on the pro-
gram at the opening Of the reorganiz.
ed Bloomingdale academy. The pro.
fessors are william N. Trueblood and
Harlow Lindley. DR.. David w. Den.
mis- is also on the program but will
not be able to attend.
Bloomingdale academy will open
this year as an agricultural school
Professor william Hill, formerly head
Of the agricultural college at Chicago
university has resigned his position
there and with his wife will assume
charge Of the Friends academy. Mrs.
Hill Is an Earlham alumnus and Mr..
Hill Is q graduate Of Bloomingdale.
The academy was recently granted
several large farms around Blooming.
dale to cultivate and they will be con.
Quoted along scientific lines. The
school will also have courses in do
nestle science, English and religion.
The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1910-09-19
FEAR FOR BALLOONS.

Pittsburg, Sept. 19.-Grave fears
were expressed today that some of
the ten balloons remaining in the aer-
ial races that started at Indianapolis,
Ind, and which were driven eastward
by strong wind currents, may founder
in inaccessible parts of the Allegheny
mountains and that tie aeronauts
may suffer dire. II not fatal conse-
quences. as a result.
Conflicting reports were received
through the night and early today
from sections of Pennsylvania. West
Virginia and Eastern Ohio.
near there stated that from three to
ten balloons had passed. travelling
eastward. The Topeka" Of Topeka.
Kas., Capt. Cole. pilot, and F. NJ. ia
cobs, aide, was brought into Washing
ton. Pa. today having landed near
there late yesterday. The ''Drifter." |"
Albert Holz. Cincinnati, pilot and
town, Pa, today, having landed there
almost at the same time that the To-
peka descended. The balloon hunt
ing was continued with q vengeance
today, throughout this state. A re-
port from the interior Of West Vir-
ginia stated that the Buckeye" of
Cleveland, J. H. Wade Jr., pilot and
J. H. Morgan aide, passed eastward
apparently in the best OF condition
and making good time.
Capt. Cole Of the Topeka" claims
to have broken the records for time
and distance, in making 402 miles in
20 hours and 50 minutes. In tele.
phone message received here. it was
stated that the balloons suffered from
the heavy wet atmosphere above the
Ohio valley and that the gas bagz
were affected by the climatic con.
ditions..
The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1910-09-19
But Seven of the Balloons En-
tered in the National Cham
pionship Races Have Drop
ped to Earth.
THRILLING FLIGHTS
MADE THROUGH STORM
All of the Contestants in the
Free-for-aII Race Have
Landed-Last One Landed
Early Monday.
(American News Service.)

(American News Service.)
Indianapolis, Sept. 19.-Six balloons
out of thirteen which left Indianapolis
Speedwal Saturday are still floating
eastward through Pennsylvania and
West Virginia. No reports Of their
exact whereabouts have been received
here since Sunday afternoon. They
are contestants in the national cham
pionship race, as follows: America
H." Allan R. Hswley, pilot, of New
York: Miss Sofia." of st. Louis Will
liam L. Assman, pilot; Centennial"
of St. Louis, H. e. Honeywell, pilot;
"Hoosier H." Charles Walsh, of
Kingston. N. Y, pilot; Buckeye" j.
H. Wade. Cleveland. pilot; the New
York." Clifford R. Harmon. pilot. All
the contestants in the free-for-all have
landed. Captain Johon Berry. in the
University City" of st. Louis. coming
to earth neaer McKeesport, Pa, at
four o'clock this morning. Three Of
the competitors in the national cham.
pionship landed Sunday. the "PennsyL
vania" at Dexter. O., the Indiana II"
at Wilcox. near Pittsburg. and the
Million Population Club" near Traf-
ford City. Pa. Thrilling flights
through storms Of rain and almost
freezing temperatures were reported
by all who have already landed. Carl
Fisher. pilot Of the Indiana II, which
landed at Wilcox, Pa. last evening
that four OF the championship bal
looms passed him while his balloon
was anchoredsto q tree.
The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1910-09-19
DICKS PROTESTS
IN VIGOROUS way
Says Order Removing His
Scales from Street Is
Class Legislation.
APPEARS BEFORE BOARD
MAYOR ZIMMERMAN STATES ALL
STREET SCALES SHOULD BE
DONE AWAY WITH AND PUBLIC
SCALES USED. .

Talk about class legislation on
amending that awning shed ordin-
ance." cried William Dicks. at the
board Of works meeting this morning,
where he was protesting against the
boards order that he should remove
scales from the street in front Of his
building on A street. between North
Fifth and Sixth streets. what about
this ordering me to remove my scales
and not ruling against other scales in
town, off the st-eets?"
Its rank imposition" he exclaim-
ed. 1T is not fair to order me to take
the scales off the street and not rul-
ing against the other people. My
mother l. 1t home, over Sc years old.
Just worrying to death over it. /
know the scales are not being used
just at present. but may rent the
building within two weeks and If the
scales are removed 1t can't be rented" I"
Mayoan Zimmerman said that there
ought ID be public scales and that it
is not right for streets To be taken
up with such distractions.
couneilmen Are Afraid.
''The city councilmen are afraid to
pass IN ordinance for the scales to be
removed. exclaimed the mayor.
They're afraid somebody will say
You shouldn't have done that am
In favor o3 every scale being taken
from the streets. And then We could
You put In public scales and make
every wagon Of coal 90 there to be
weighed ana up wineko coal from IS to
so cents on the ton" replied Mr..
Dicks, who has been In the coal bust.
ness. 1T would be worth that much
for extra hauling"
Mr.. Dicks was told the objection to
his keeping the scales on A street IL
that the street IL very narrow and
that the scales ara In very danger.
ous condition. However Mr.. Dicks
promised to repair them. He claimed
there had never been . blockade on A
street during the seventeen years the
scales had been IN use. II was claim
ed By members Of the board much
complaint has been registered against
the scales but Mr.. Dicks refused tc
believe this.
The matter was taken under advise
ment and vim Be decided within the
next few days.
othos Beard NatterA
The Hoosier store asked for permits
sioo 70 baild 4 col hin under the side
| walk oa NortA Sixth street and thia
The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1910-09-19
Edifice at Greensboro Last
Night Nearly Demolished
and Debris Was Hurled All
Over the Town.
IA HUGE HOLE RIPPED
IN CHURCH CEILING
Palladium Office Visited This
Morning by Lightning and
Linotypes Were Stopped a
Short Time.

Lightning struck the tower of the
Methodist church at Greensboro about
eight o'clock last night and tearing
out the east side, from the belfry; rip
ped q huge hole in the ceiling. and
descended into the church. striking
near the altar.
Large boards. chips and parts Of
the bell tower were hurled over q
block from the church and many win.
dows In Greensboro were broken. The
bolt Of electricity hit the church about
half an hour after the dismissal of
an Epworth league service. There
was no one in the church when It was
struck. Services were being held at
tho time of the storm In the two 9th.
or churches Of Greensfork, but they
were not struck.
The flash Of lightning striking the
Methodist church was the only bolt OF
the heavy rain storm which visited
Greensfork and the vicinity last night
Although lightning IL reputed never
to strike In the same place. wires
leading into the composing room OF
the Palladium was hit twice during
the heavy electrical storm this morn
Ing. The first bolt burned out the
fuses Of one OF the power companies
In the office and stopped the linotype
machines. The foreman was just
climbing ladder to shift the current
to the other power company when q
second bolt hit the switch board. burn
Ing out the other fuses and putting
the machines out OF commission for q
half hour.
So far ~ reported lightning did moi
strike any buildings In the city during
the storm this morning or last night
There was . very heavy fall of rain
which was general throughout the
county.
The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1910-09-19
.LABOR|NG men MEET
tAmsrican News Service,

(American News Service.>
Jefferson City. No, Sept 1s.-Dele.
gates from all the principal cities and
towns In Missouri assembled here to.
day on the opening OF the nineteenth
annual convention Of the Missouri
state Federation Of Labor. Owing to
the large amount Of business slated
for transaction Il win probably be the
end oe The week before adjournment h
reached.
The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1910-09-19
NOTICE FESTIVAL CHAIR.
Men.

This space here win be reserved
In each issue Of the Palladium from
this date until the Fall Festival,
for Fall Festival committee meet.
ing announcements. The chair.
man Of any committee desiring to
announce q meeting to the other
members of his committee should
send q brief announcement to the
Palladium. addressed care Of the
news editor.
The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1910-09-19
Two Dreadnaughts per Year
Are to be Added to Navy
Says President.
PANAMA FoRTIFlCATIoNs
CONGRESS WILL Be ASKED TO
MAKE AN APPROPRIATION FOR
THIS PURPOSE AND TAFT Ex-
PEcTs SUPPORT.

Beverly, Mass, Sept 19.-As the
result OF the luncheon conference held
by President Taft with George Won
L. Meyer, secretary OF the navy. 1t
was announced that the administrar
ton will continue its policy Of two
battleships year.
An appropriation for two new yes
sells of the best known type with aux
iliaries corresponding to this increase
will be asked OF congress. After the
success of this policy at the last SEES
sion, no serious opposition is antici-
pated. That the increase In the navy
is to remain at the two battleship
ratio In the face of serious reductions
In other government departments,
shows that the president looks upon
it as the strong arm Of the nation.
He Is going to Washington to meet
his cabinet with . pruning knife well
sharpened for the estimates which
will be ready for his inspection. but
the navy is not to be sacrificed.
Expects Hearty support.
In this policy the president II conf.
dent the people will give him hearty
support 1t also shows that the pol
icy OF disarmament has not vet reach
ed practical situation which permits
Of its consideration on the paTt Of the
United States by an abandonment oi
navy up-buildings.
One Of the first things which the
v,ro~aN>u< ~vi11 ~~l - .~~~-~~. 1.
means to begin the fortification Of the
Panama canal. He regards this a. !
matter Of very great importance
which has been passed by until it can.
not longer be ignored. In . special
message sent to congress last session
the president submitted plans for this
work which had been prepared ii the
war department Two million dolIara
Was asked that the work might be be
gun.
Congress was not IN ! mood TO e.
pend this money or any part o4 ft
and the Recommendation was not oct
ed uDon.
with work upon the canal going ~
en faster than vas anticipated and III
completion promised early In 1916, tn
president holds that the 1ortificaticG
of the waterway must now - takeG
mp.
| VIII AK EArly ActIon.
He Win make such : recommeuda
tioa n his annual mesaass and -
tint conGTo1s tnko early ac&ion tUW1rl
- - 49, 90. = 5.Es
The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1910-09-19
THE WEATHER.

oTATg-Psstiy s,eWdy tonight and
rveo6ay.
locAl-Psrtiy elesdy tonight and
Yussday. Net mveh change In
eompoeatueo.
The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1910-09-19
WINS PRIZE
tAmerican News Service,

SAmSIlC1u NeWS 6SJvICS.I
Portland, Greg, Sept ia woman
won the gold medal offered By the
Southern Pacific lines for the best
kept station grounds and depot in this
state. Mrs. n. R. Rice. station agent
at Gold Hill. Greg, II the victor in
the contest that includes several hum
dred station agents In Western Ore
gon, and the prize was won ONLY af-
ter the sharpest kind Of competition.
At the finish. however. Mrs. Rice was
. few points ahead Of Ill others. The
railroad company seeks to encourage
tidy conditions about the stations
along its line In this way. and there
II keen rivalry among tho agents.
Mrs. Rice won the gold medal three
years ago also.
The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1910-09-19
Say Potter Drew More Salary /.
than Classification of u,os
Township Permitted, but
They Split Difference
MAKES MONEY By RULING
IF EXAMINERS HAD NOT RukROt
He WAS ENTlTLG0 70 ei,eoo ~
STEAD or ssas NJ WOULD NOW
OWE $500.

Charles E. Potter. Wayne tUw1Alp
assessor paid hack 70 tho towna1tpb !.
$399.S0 this morning. which N1e
up to him ~ tho stabe 49,
examiners - over drawn aalary -
trustee during the ysozn
1906. 1907. 1908 and 1900. The reEt
Of the examiners Wa mads puAlfc O. |
day by Township Trustss Jaxle1
Howarth to whom the report waa 80
The report charges IT. sPottsr wit1k
general loosensss II handing - Door
fund and ofics wor1. ~ II ~ thak
there Il no evidsncs q rehak1s n4las
to the former tfust9s. q
concluding, - rspost -.
I'VE believe that tho allowing aaa6o
In this report ought 70 emphasl1o -
Importance Of electing compotsot meM
to once. II men ~ GOOD judoment
and business ability are not slected
to ILL the public onlcess Of Indiana,
the people cannot complain II thetr In
terests are not guarded and their non-
ey squandered.'
After itemixing the accounts q the
former trustee the report says:
What Potter Would Owe.
THE statutory allowance Tor the ~.
airy IN this township under the peesent
classification with population 80
than $4,000 would b 3e36 ! year q
The true northerner. [volume] (Paw Paw, Mich.) 1855-1920, 1910-07-01

newspaper reports of Mr.. Os-
born's speeches in various places
throughout the state. Unfortu'
nately for Mr. Osborn the records
do not bear out his claim in this
regard. Inasmuch as Mr.. Os-
born served as commissioner of
railroads for two terms and
ought therefore TO be familiar
with the history of passenger
rates in this state, the statement
quoted above has caused much
adverse comment.
The facts are that the legisla-
ture of 1889 passed law requir-
ingrailroad companies whose pas
senger earnings exceeded 80, 900
per mile TO carry passengers
at maximum rate Of two cents
per mile. The constitutionality
of this act was affirmed by the
supreme court of our state, De-
cember "a, 1890, in the case of
Wellman VS.. The Grand Trunk
Railway Company. The case
was then removed to the supreme
court of the United States and
the decision of our state courts
affirmed in February, 1892 The
earnings of the Chicago Il Grand
Trunk Railway Company at the
time this law was enacted
brought it within the two cent
rate. This rate was put into eff
feet by the company March l,
1891, and has continued until the
present time.
Mr.. Osborn did not become
railroad commissioners until April
6, 1899, or more than eight years
later, and is evidently claiming
credit which does not belong to
him. He had no part in framing
the act of 1889, ten years before
his term as railroad commission
er began, nor had he any part in
the passage of the present two
cent rate law which was enacted
long after he retired from the
Office Of commissioner of rail,
roads. About the only thing
Mr.. Osborn can rightfully claim
is that he served as commission
er Of railroads while two cent
law was in force and was occa
sionally called upon on behalf of
the state to insist that the rail
road companies comply with its
terms.
Two cent fares were inaugu
rated on the Michigan Central
in October, 1900, as a direct re-
suit of the repeal of the special
charter o. that company by the
state legislature.
The true northerner. [volume] (Paw Paw, Mich.) 1855-1920, 1910-07-01

nation that Judge Montgomery
ran grave danger of besmirching
the dignity of the supreme bench
in entering the lists as "a candi'
date for governor, may be re-
called to him at this time with
perfect propriety AS a regent
of the university he cannot hon'
orably use his influence to en-.
courage within the school move
ment which is evidently intended
TO be for his own benefit, nor
should he, under any circum
stances, approve a condition
which will work harm within the
institution.
Let there be no union between
education and politics in the
University of Michigan and there
will be no necessity to search in
years TO come for methods of di-
vorce Lansing State Repub-
lican.