davidaulloa/AmericanStories huggingface dataset:
The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1911-11-21
HIdrich Explains His Plan to Improve
the Monetary System of United STATES
oroposifiOn National Reserve
tin, Which Would i'm Present System anu
Secure For the people From Disastrous fes"
of Monetary Panics and Acute monetary Di'

like the central banks of Europe or the
second bank of the United states
"Among the provisions of the plan
intended to remedy defects and cure
existing evils are:
"UD To insure the maintenance oi
adequate reserves by the ASSOCIATION
and it's members, with such provisions
for discounts and note-issues as shali
enable the organization to respond
nromptly at all times to normal or un-
usual demands for credit or currency
without danger of undue expansion OF
imitation.
"(2) To provide for concentration oil
the cash reserves of all the banks TO De
used for the assistance and support OF
any. under assured decentralization OF
control Scattered reserves have been
found useless i'm times of pressure. De-
post balances in the reserve associa-
ton are to be counted as legal re-
serves.
"(3) TO authorize the association To
re-discount through it's district tbranches
under local control, commercial paper
| oil a uellnllt NlitiiitANi ANA
banks to be used i'm replenishing their
reserves.
"(D To give TO individual banks the
facilities for an increase of their re-
serves and loaning power which VIII
enable them to adopt the policy which
has been universally effective in other
countries of allaying excitement Gre
lating confidence and preventing panicS,
Inv prompt payment of all demands and
lobligations as presented and at the
same time granting a liberal line oi
credit to all deserving customers IN
ltimes of uncertainty and distrust.
"(5) To grant the power for further
lnote-issues to this cooperative asso-
lciation Of all the banks authority
which is now vested in national banks
scattered throughout the country anc
by requiring the association to Tor
ward it's notes to any subscribing
member at once upon application an'
without charge for transportation
Prompt redemption of all notes Is re
qulred at the several branches of th'
, association.
"(6) To give authority to the reserve
4 Continued on Page Three)
The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1911-11-21
NEW POSTAL CARD.
Will Replace Old Two-ce Foreign
Single Card.

Single Card.
The postoffice department has noti-
fled Postmaster Wickstrom Of the is
suance of a new 2-cent foreign single
postal card, to replace the old card.
known in postal circles as the "E" card
A description of the new card fol-
lows:
The size of the card is ga by 5iA
inches (the same as the "E' card)
The paper is of cream color, and the
design is printed I'm red ink. A por-
trait of General Y. S. Grant. looking
to the right is used as the subject Of
the stamp. The portrait appears
within a frame the inner lines of which
are rectangular, with inwardly curry
ing corners. Above the portrait and
following the curve of the ellipse are
the words ~. s. Postal Card" and
below II is the name Grant" in a
curved ribbon. The denomination is
expressed in words and numerals in
the lower portion OF the frame. To the
left of the stamp, i'm a single line of
plain Gothic capitals. is the inscrip-
tlOn, 'InlS Slde OF caro- is lot ADDRESS
only" In the upper left corner of the
card appears the following inscription
! i'm English and French Universal
Postal Union. Union Postale Univer-
selle, United states of America, Etats-
Unis D'Amerique."
3. The production Of 'E' cards has
been discontinued, and the new No
cards will be issued on postmasters
acquisitions for foreign single cards as
the supply of "E' cards at the dis
tributing sub-agencies becomes ex'
hausted.
3 Undamaged "E' cars must not
be returned to the department. They
will continue valid for postage indefin'
| itely.
The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1911-11-21

''It is proposed to organize the banks
of the country into local. associations
and these into district associations,
each with distinctive functions ana
each with local self government ana
to organize all district associations III
the National Reserve Association. Ihe
organization proposed is not pahk'
but a cooperative union of all the
banks of the country for definite pur-
poses and with very limited and clear
ly defined functions. II is in effect an
extension, or evolution, of the clearing
house idea To meet the needs and re-
quirements of the entire country.
"The plan of organization includes
positive provisions.
"Q) To maintain the integrity ana
independence of existing banks, state
and national. The new organization
is outside Of superimposed upon, the
existing system. The proposed asso-
citation is not a bank and is not a com
petitor i'm any sense for the business OF
existing banks. In its ownership and II
its domestic business, 1t is confined
strictly to banks and the government.
"(2) 1t provides clearly fot an equal
ity of privileges and advantages to al
banks. great or small, wherever To-
Gated.
"(S) 1t provides equality in rates o.
discount or re-discount to all banks
and these rates are to be uniform
Throughout the country. This 1T is be
Iieved will insure steadiness and rea
sonableness of rates everywhere;
go It's organization is os form an'
character that will effectually proven
the control of its operations by polit
lical influences. local or national.
"(5) Every means has been taken
every safeguard adopted to prevent be
yond question the possibility of 1t
control by any corporation or com
lbination of corporations, banks or 9th
c~wise, by any individual or combina
ton of individuals in Wall Street q
Elsewhere for selfish or sinister pur
poses.
"(6) The dominating principle is co
/ operation and not naturalization. w
were satisfied that we could not adoI
or adapt TO our use an organizatio
The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1911-11-21
WILL COST s2o3,ooo.
Contract for Hill Memorial Building
ct II U. Of NJ.

Contract tor T1IU
Let 1T U. Of NJ.
Ann Arbor. Mich. Nov. 21.-The con-
tract for the Hill Memorial builu'he
of the University of Michigan mas peen
let in part to James l.. Stewart oi
pittsburgh. who is one of the 'ars
est contractors i'm the United states
The contract to erect the building
exclusive of heating, plumbing elec :
tric wiring. elevators decorat'hs'
seeding and smaller items, calls TOT
an oxnenditure of 100000. The build
inc will he finished within year.
collection of pamphlets newspa- :
rors and books on Socialism, collected
NV Joseph Labadier of Detroit was
given 70 the regents. and was accepteu'
The collection was wanted by Har-
ward. Columbia. Cornell, Chicago anu
wisconsin universities, the latter oi
ferine $500 for the collection wh'en
was refused by Mr.. Labadie because
hc wanted the collection to remain ~
| Michigan.
The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1911-11-21
FXONfRATES BOTH
HINES And TILDfN
Expert Appointed to Examine
Books Finds No Lorimer
Fund Evidence
CONFIRMS HOLSTLAW'S STORY
While Report Apparently Clears Lum'
herman and Packer Il Proves
Bribery Confession.

Chicago, Nov. 21.-Neither Edward
Hines umberman, nor Edward Tilden,
packer was the custodian of a 100000
fund. or any fund. which was to be
used To "pay the expenses of Lori
mer's election" according to an eX-
pcrts report submitted to the investi-
eating committee today.
c. s. Funk. general manager of the
International Harvester company, tes-
titled some time ago that Hines had
solicited $4,000 from him, To be part of
a 500 900 fund to pay for putting Lor-
inner over" Funk also said Hines told
him Tilden was the custodian" of the
fund.
Later Alfred a. Ritchie was appoint
ed as an expert to examine the ac-
counts and bank books of Tilden, Hines
and his lumber company. Ritchie re-
ported today:
THAT there is no evidence that the
lumber company or any Of its subsi-
diaries or controlled companies had re-
cciyed or disbursed any moneys i'm con-
nection with the election of Lorimer;
that there is no evidence that Hines
as an Individual had received or dis
burscd any moneys i'm connection with
the aforesaid election; that there Is
no evidence Tilden had been custo-
dian of the fund alleged to have been
raised i'm connection with the election
of Lorimer."
The report also confirms the tesu-
mony of former Senator Holstaw' whc
confessed to having received $4,000 IN
July. 1909, and 500 in August, 1909
for his vote for Lorimer.
Perjury Proceedings Possible.
Lorimer's attorneys, Marble an'
Healy, who have conducted the hear
ing before the Lorimer committee
went before the Federal grand jur.
this afternoon. 1t is reported thei
visit related to possible perjury pro
ceedings.
The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1911-11-21

New Orleans. November 21.-Mr. Al
drich spoke before the American
Rankers Association today as fol-
lows:
'To the National Monetary Commis-
sion is assigned the important task oil
deylsing plan by which this great
country may, in the interest of all oil
its people. of every class and every
section. secure that immunity which
for half a century has been enjoyed
by the people of every other grea'
commercial nation, from the disastrous
results of monetary panics ana acute
monetary disturbances.
IF We can decise for the United
states n monetary system which VIII
protect the rights and afford security
To bank depositors, which VIII enapi'
the banks at all times to respond tc
every legitimate demand for credit ah'
currency so essential for the develop
ment of our, industries--we shall have
met the expectations of the public VIII
reference to two important matters ant
have done much to create and MAIN
tain that feeling of confidence in tn
safety and effectiveness of banking IN
stitntions which is so essential To oul
uninterrupted national progress.
"There is general agreement amoni
Intelligent students of the subject tina
To accomplish these beneficient results
we must provide better reorganiza
ton of credit, a thorough reconstruc
tion Of banking systems and methods
"The failure of our monetary sys
tenn can be largely attributed.
"d) To our inability to enforce tina
effective cooperation of banks whic
Is necessary to protect the public In
terests as well as their own In time
of stress or crisis;
"(2) To the limitations and restric
tions imposed by antiquated or oh
solete laws with reference to the treat
lment of reserves. and
"(s) To defective inelastic and un
scientific system of note tissues.
81 propose today to discuss briefi
some of the salient features of the pla
1 to remedy these defects and prever
failures through the organization of
national reserve association.
The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1911-11-21

holding banks, and. therefore, stand
ing for the best I'm our business life.
Keep Politics Out.
THE Currency Commission and Of
fcers of your Association have been
I'm number of conferences with the
Chairman and members of the Nation
al Monetary Commission, and those
having the responsibility Of forming a
plan showed remarkable willingness to
hear and adopt any suggestions tend
ing TO keep the control away from
speculative marts keep it apart from
political control or prevent it's being at
any time a political issue, keep the
investments of a character that would
make any control Of little value COM
pared TO such an outlay as necessary
To acquite It,
Those expressing a fear on the
question Of control seem TO deal only
in generalities instead of giving some
good reasons for the belief that any
selfish interest would seek control, or
that If sought il could be attained. The
plan expressly prohibits the holding
OF shares by any individual or other
than banking corporations, so that di-
rect stock control is forever impossi-
BILE, and, therefore. to get even indi-
rect control it would be necessary for
such interests To purchase control of
the majority of the shares Of more
than half i'm number and amount Of the
twenty thousand independent banks of
the country. The use of such a stu
pendOus sum as necessary is highly
Impractical. The suggestion appears
foolish TO those analyzing the situa-
tion and to be serious reflection on
the good sense of those in mind when
special control is mentioned
Undoubtedly those interest which
according to passing speech and hur-
ried composition are designated as
Wall Street favor the National Re
serve Association or any plan of mon
etary reform making for stability and
prosperity and relieving the best bank
ers of New York from the great strain
of crop movements, trade expansion
and panics. Passing the relatively
| SIIltll HuHlDeT OF STOCK gamblers
around New York's Stock Exchange,
we find there banks, business houses,
industrial and railway corporations
vitality interested i'm every section of
the country and who have learned what
one aptly expressed during the year
in saying that his institution and al
lied interests makes dollars out OF
the general prosperity of the country
where they could make only pennies
out Of special privilege The real Wall
Street prefers prosperity TO special
privilege, and knows that they serve
themselves most when building up the
commercial, manufacturing, agricul-
tural transportation and banking in
terests of the whole country"
The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1911-11-21
INQUEST THIS AFTERNOON.

The funeral of the late John Kristan,
accidentally killed Saturday night on
the Mineral Range railroad, took place
this morning at St. Joseph's Sloven-
ian church. Interment was in Lake
View cemetery.
An inquest TO inquire into the cir
cumstances surrounding the death OF
the man is to be conducted by Coroner
r. b. Rule this afternoon in the Tam
arack club house
The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1911-11-21
RESIGNS TO AVOID TRIAL.

Chicago, Nov. 21.-One hour before
charges against him and three other
police officials We're scheduled to be
heard, Police Captain Plunkett. COM
manding the Desplaines street dis
trict resigned. Plunkett, with Inspec-
andtor Dorman and Lieutenants Am
brose and Howard, was to go on trial
before the civil service commission,
charged with failure TO obey orders
regulating vice conditions on the West
side
The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1911-11-21
NEW ENTERTAINMENT CLUB.

The st. Patricks Entertainment ciun
is the name of a new organization
formed at n meeting held in the 81
Patricls parish hall at Hancock ias'
evening for the purpose of giving
series of entertainments and concerts
this winter The first entertainment
viii be given on Dec. 1. Officers nave
been elected as follows: Presldeht
Thomas t. Carney; vice president
Miss Alice Carrigan; Secretary, MISS
May Dwyer; treasurer, Ed. Carrigan
musical director, Miss May Dwyer.
The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1911-11-21
CLIO AND eHYLETEs.

Clio and Phyletes is the name OF
special picture Offering at the People
theator of Laurium this evening lhe
picture is I'm two reels, 1000 feet ana
is dramatic presentation OF the
events Of the by-gone ages, including
very spectacular fire. The pupils ol
the convent school were entertained az
the Peoples yesterday and witnesseu
the special picture film, JUDAS
There will he complete change o'
Program after today.
The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1911-11-21
wooDMEN LOSE $4,000.

Omaha. Neb., Nov. 21.-A building
Occupied by the Root Printing company,
and other firms. was damaged to the
extent of s175,OOO by fire today. The
publishing department of the Sover-
eign Camp OF the Woodmen Of the
World sustained loss Of $4,000
Peoria. ILL.,. Nov. 2i.-Avery Manu-
featuring Co. makers OF traction en-
gines and thrashing machinery. suf-
fered a loss of $50. OOO by fire today.
The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1911-11-21
pRAPER's DAUGHTER WEDs.

Hopedale, Mass, Nov. 21.-On the
wedding anniversary of her mother and
her grandmother, Miss Dorothy ORA
per. daughter of the former Governor
of Massachusetts and Mrs. Eben >
Draper. today became the bride oil
Thomas Brattle Gapnett, Jr, of Cam
bridge. The ceremony was performed
at noon in the Memorial church OF TINS
place and was followed by large re-
ception at "The Lodges" the Draper
summer home.
The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1911-11-21
EX-GOVERNOR TO DEFEND.

Liberty, Mo-, Nov. 21.-The first of
twenty-four cases against Drs. Nelson
Smith and Amory Smith, charged with
practiclng medicine without a license,
will be placed on trial here today. The
defendants will be represented by the
ex-Gov Morris of Wis. and other wide
IL known lawyers. and it is probable
the cases eventually will reach the
United States Supreme court.
The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1911-11-21
DATE MAY BE CHANGED.
lsuriunn Charity Ball May Be Deferred
Until Dec. is.

A meeting Of the executive commit
80 IN charge of the preparations lor
W. ~ ahoritv hall to be conducted for
tho benefit Of the poor widows OF i'aur @ :
;nn was held last evening. 1t is pos
s,hIo that the ball will be deferred one one
,.cek from the date originally set
nee g so as to give the comm'''ee'
- time to make arrangements
There will be no further coun. ,',oo, =,
tho votes in the diamond ring 'on'es' s','
nelng G conducted by the Young Men ZEN,
m.s,or cIub of Laurium until heN'
,,nndav Ir Miss Mabel Blight VINO was
nominated by her friends lo' ,nat t she
nor yesterday. announced '""'
would not be candidate
The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1911-11-21
EVIDENCE AGAINST REYES.

San Antonio. Texas, Nov. 21.-Cop-
les of three manifestos. bearing Cen
eral Reyes name and calling on the
Mexican army and Mexican people TO
revolt against the Madero government
are today in the hands of local secret
service men and will be laid before
the Federal district attorney here.
The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1911-11-21
r. I. sHoPMEN TO MEET.

Chicago. Nov. 21.-The scheduled
conference Of the committees OF shop
employees of the Rock Island railroad
this morning was postponed until af-
ternoon. II is probable another con-
ference with the railroad officials will
be asked. The men have asked for
increased wages and improved work
ing conditions
The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1911-11-21
CABINET AT WHITE HOUSE.

Washington. Nov. 21.-For the first
time I'm more than seven years. the
meeting of the cabinet was held at the
white House today instead Of in the
executive Offices Tafts cold Is im-
proved. hut his physician advised him
not to venture over TO his office.
The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1911-11-21
CHARGED WITH GIRLS MURDER

Green Bay, Wis, Nov. 21.-Charges
have been filed against Matte Chris
tenson of Spring, wisconsin, alleging
she murdered the -year-old Hiida
Nelson. bv giving her poisoned candy.
The girl died February 3, 1910.
The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1911-11-21
ITALIANS REPuLsE TURKS.

Tripoli, Nov. 21.-The Italians report
the Turks have been repulsed In thIee
outpost attacks, with twenty-nine ki,'-
ed Five aeroplanes dropped ponip,
inside n Turkish camp and destroye"
1t An Italian armored cruiser pom
barded the village Of Amrus ana io'
at Henni near Tripoli.
The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1911-11-21
SENTENCE cUMMINs FRIDAY.

New York. Nov. 21.-Friday is the
day set 70 rsentencing William j. Cum
Minis. the former Nashville promoter.
convicted yesterday afternoon of grand
larceny The jury decided Cummins
took for his own use $4,000 deposit
ed with the Carnegie Trust Co. which
he practically controlled as a fund to
be held i'm trust for several smaller
hanks
The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1911-11-21
ELEVEN MINERS MEET DEATH

Nord Hausen, Prussian Saxony. Nov
21.-Eleven miners were killed by fan
of rock today in the government pot
ash mine.
The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1911-11-21
BASEBALL MAeNATE is DEAD.

New York. Nov. 2t.-william Hep
burn. aged 81. principal owner of the
Boston National League baseball club.
and well known lawyer is dead
The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1911-11-21
BsArTle READY TO DIE.

Richmond. Nov 21.-Henry Cay
Beattie. Jr.. condemned to die next
Friday for wife murder, has given w
hope and Is reconciled to the thousn'
Of death.
The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1911-11-21
DIES AT AGE Or 'o''

Ia Fargo, wis. Nov. 2i'-pouy @ y ,"al pel
lean. aged iOi. is dead. she wa, was a rga, !,
Soughter of 1912 the first settler III h'
Fargo. --.
The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1911-11-21
REPORTS ON COTTON OUTPUT.

Washington. Nov 21.-Census bureau
reports the cotton ginned prior to Mo-
vember 18th as 11,270,O00 bales.
The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1911-11-21

holding banks, and, therefore. stand
ing for the best I'm our business life.
Keen Politics Out.
Pine Bluff daily graphic., 1911-05-28
ISAAC FISHER HAS RESIGNED Efficient Head of Branch Normal to Leave This City At An Early Date GIVES NO REASONS His Letter of Resignation Character
 ized Ky His Usual Good
 [, ,eliag.
GIVES NO REASONS

Isaac Fisher, for nine years pr;n- cipal of the Branch Norma, Collegs here. the branch of the State Unive.s- ity, has forwarded his resignation to the Trustees of the Univers erford. of this city. Fishers retire ment lgss a.; surprise IS ae has bean most s':ec~slfal in his work Il tte local .'c col and is rs.sai a- one of he best and most efficient men who ever headed the institutii 1n. He has not announced his fu..l e plans TOT why he takes this step. bn. it is believed by those who know O. his ability and unusual intelligence that he ha sbeen offered more lue- rative position elsewhere. He is
Pine Bluff daily graphic., 1911-05-28
TO SUMMER TRAVELLERS.

A postal card to Nath. R. Rodgers, Box 244, will bring inf formation about his company (Aetna) with over one hundred million assets, and which will pay you from $125 to $25o.Oo weekly indemnity for injuries receiv- ed or for time lost from illness dur ing the trip or for loss of life, limbs or eyes it will pay from $25,000.oo to $50,000. If these figures appeal tea you drop Rodgers card.
 5 27 i'm
Pine Bluff daily graphic., 1911-05-28

greatly admired by Booker Washing ton, of the Tuskegee Institute, of which Fisher is graduate, and lis recent ~yisi. to- Normal Ala, is be- lieved 10 have Leen of more than. 3r- dinary significance.
 His modest letter of resignation follows:
 Hon. John F. Rutherford,
 Pine Bluff, Ark.
 Dear MT. RuLherf)rd:-S you are the resident trustee of he Branch Normal College, officis pre- priety and courtesy demand that his letter be written 10 you, first.
 l wish to advise that I will no; he a candidate to succeed myself as principal of this school after the close of the present term. The rearons why I have not made the anncuace- ment earlier were, CD because thtre will bo such wealth of material from which to select that you can, within a very short time, easily find some one 10 succeed me; and, @ because I did Eo- wish to disturb the school any more than was necessary. I wished 10 keep the work going as smoothly as 1 could until the closing days were in, sight. That time is here; and now that all the important school duties of the year are over, need of my ser, ices, 1 feel that eai., without doing ii any harm, make th's statement.
 In passing, 1 wish to thank you and the Board of Trustees of the Uni versity of Arkansas for the honor you have done me in past years; and want to express, through you. ny gratitude to every person in Arkan- sas, who llas, by word or deed. shown go,d will toward my work here and thereby made it easier for mo to do my duty I appreciate it all more than I can say, now.
 I shall hope to hear, in the future, that Pine Bluff, where I have made my home for nine years, has become thu most beautiful and progressive city in tie state; and that Arkansas is contesting for first place among the sisterhood of American Common Wealths.
 ConcarniHg the Branan Normal College, 1 can say. only, that shatl always love it and hope for its higG- est good in all things; and l hope that friends may be raised up for it, 90 the end that it may be tower oE usefulness to the peace and dignity of the State.
 hope you will regard the decision, expressed herein, as final; and l beg to remain,
 Very respectfully yours,
 ISAAC FISHER.
 Principal.