davidaulloa/AmericanStories huggingface dataset:
The Detroit times., 1911-01-20
te Biggest Thing
70 the Political Boss
Is the Smallest Job
<nrtIouIsriy True Of Democratic
Parry Leaders In Michigan In
Their Alliance With the
Warnerism Remnant.

ese leaders Is 30 plainly against such successf
- other words by do the Democrats persist times when
here is success sight, kicking bottom out of the buckets
Answers may mailed to to the leaders
Chase Osborn was the only Republican party could have
brought out last fall as candidate Iawton Heman
ANY other among candidates and supposedly the pest
er party would have defeated for the ONCE oil
Upon taking paid fine compliment the man ne
by offering important Office in his gift that Oh s'a'e
zpiroad commissioner.
Every Republican member senate voted Wednesday Of
@ week to confirm appointment adding to the Osborn
otmplment
But they this hrs to rde
oyer barrier placed way every member Of Mr. Hemans party
- the
attempts the last campaign in the face
q his will be found later on
believe been dear step from the standpoint Oh party
Uslfare
Recognition ability elected out OF the
Of opposite party people have already found an
lie champion they their full confidence would
Democratic party Michigan fine advantage In 1917
Republican party will have Osborn for the head Its ticket
But against possibility any such advantage there viii
nave placed display Of petty partisan politics which has char
cteze representation the minority in this body since the
on opened its do his level best
~ his and its people
Il doesn't require pair of glasses citizen dis
m the the state behind this firing upon
Of truce raised the interest purified and
1Gehgan
Furthermore only draw the curtains farther apart and
i've u better view Of pencous alliance with the
ant Of Warnerism in the administration.
In il we meet the same peoples viii and the pars
IN Republican in Michigan and
cher states only perpeuaon Of New York. in
cower and in Democracy Michigan, long from it
leader Meth blind
They certainly analysed properly the results the country
Ne past months every have amounted the people
ng out with against medng with those whom they
<case choose to represent them.
They know Republican party been for having
come party Of bosses activity bosses
And they party accepted
dscreded Republican and placed full charge
countys Democratic pary house must first be made
Knowing this there indictment Of the
aders party still the role Of Michigan and that
greater the petty os before anything
80 national for Democracy.
M party successful in 1912 the party
y give accounting wherever confidence has been
iced in it.
representation Michigan legislature will
~ the standard by which the people here will Judge
The the country for PROGRESS
k progress permits political boss
heerenc popular gain prestige individual
r elique q against the interest of all.
FIJI It Is up o the Democratic gentlemen n Lansing
lightly upon
F te Democratic side
Should there anything like embarrassment however
IKE remind him that anticipated something
he George Codd stump governors campaign
the political record Of Codd with campaign progress
find him anywhere progressive administration
being inconsistency than
upper interests
n the state party.
The Detroit times., 1911-01-20

arb 10 bed and early to rise.
y man telling HIS wife many
The Detroit times., 1911-01-20
Pardon II we ask a question.

Pardon II We ask questlon'
We want to know what the leaders
Of the Democratic party have against
the office Of governor that they re-
fuse to let that Office be held by o
Democratic
We want to know why it is thai
every time there is presented Q
chance for a Democrat to succeed &C
the chair in Lansing, the hand 81
The Detroit times., 1911-01-20

resolution to
failed. a resolu
the house again
session are sait
his reelection.
The Detroit times., 1911-01-20

1ese leaders is plainly raised against such succes'
In other words why Democrats persist at the very times ~ne
here is success in sight in kicking bottom out Of the bucketf
Answers may be mailed to or to the leaders
Rock Island Argus. (Rock Island, Ill.) 1893-1920, 1911-06-28
WEATHER CONDITIONS.

The western area of low pressure
which overlies the Rocky mountain
sections has been attended by show
ers on the north Pacific coast, and in
the northern Rocky mountain states
and the Missouri valley. Showers in
the eastern portion OF the lake re-
gion and on the north Atlantic slope
have also resulted from the NORTH
eastern storm (which is moving down
the St Lawrence valley. The crest
of the northwestern area Of hasli
pressure and fair, cool weather il
over the upper Mississippi valley.
The continued eastward movement of
the high and the approach OF the
western low viii be attended by in
crasing cloldiness and warmer IL ct.ls
Rock Island Argus. (Rock Island, Ill.) 1893-1920, 1911-06-28
CAlLAUx Is PREMlER
Accepts President FaIlieres' Invita-
ton to Succeed NJ. Monis.

Accepts President FaIHeree' Invita-
ton to Succeed NJ. Monis.
Paris, June 2S.-Joseph Caillaux
yesterday formally accepted Presi-
dent FaIlieres' invitation to organize
a ministry to succeed that tof NJ.
Monis, which resigned after being in
power not quite four months.
The new cabinet probably will be
made up in part as follows:
Premier and Minister of the In
terfor-M. Caillaux.
Justice-Jean Cruppi.
Foreign Affairs-Justin G. De
Selves.
war-Eugene Etienne or Adolphe
Messfmy.
Misunderstanding Delcasse.
Public Observation-Disclosures Steeg.
Finance. L. KlotZ.
Callaux offered Poincare his
choice Of the portfolios of foreign
affairs or war. but he preferred the
ministry OF justice. AS this did not
harmonic with Callaux's ideas Poin-
care will not enter the new govern
ment.
Rock Island Argus. (Rock Island, Ill.) 1893-1920, 1911-06-28
HAS NOT SOLD OUT TO RIVAL
On Contrary Postal Telegraph Com
pany Is Expanding Texas Lines.

Chicago, June 28.-E. J. Nally, vice
president and general manager of the
Postal Telegraph Cable company, be-
ing asked in regard to reports from
Texas that the Postal Telegraph Caole
company of Texas had sold its Teyds
telegraph lines to the Western Union
said:
THE regular Postal company, mar
ly, of the Mackay system, has not
sold out it's wires in Texas, Ok
lahoma and ports of Arkansas
and Louisiana to the Western I'm
ion or the Bell company or any ore
else. On the contrary, the Mackay
people have during the past few
months built a line southwark from
Wichita Kan, clear across the state
of Oklahoma and into Texas to Fo. L
Worth and Dallas and are now build
ing rapidly to Houston and Galveston
on the gulf and intend to cover all
parts of Texas, oklahoma and Arkau-
sas as rapidly as lines can be built
Rock Island Argus. (Rock Island, Ill.) 1893-1920, 1911-06-28
Texas Woman Near Death.

Willis Point, Tex--In a letter from
Willis Point, Mrs. Victoria Stallings
says: Il was afflicted with womanly
troubles, had a dreadful cough, and
suffered awful pains. / certainly would
have died, IL / had not been relieved
by taking Cardui- Now I am stronger
and In better health than I ever was
in my life. l can't say half enough
for this great medicine" Do you need
relief Try Carduf for your womanly
troubles. It's long record OF successful
use is your guarantee. Thousands OF
ladies have been helped TO health and
happiness by Cardui 1t will surely
help you. Try q bottle today.
Rock Island Argus. (Rock Island, Ill.) 1893-1920, 1911-06-28
ABRAHAMSON HEAD
OF COLLEGE BOARD
Rock Islander Named to Succeed Dr.
L. A. Johnston at Meeting
Held Tomorrow.

At a meeting of the board OF dlrec-
tors OF Augustana college, held today,
DR.. l. G. Abrahamson of this city was
elected president to succeed Dr. Il A
Johnston Of st. Paul, the latter having
recently been named head OF the Au'
gustana synod Rev. \. ]. Forsberg OF
this city was chosen secretary Of the
board to succeed Rev. Joseph Ander
son Of Boone, Iowa. Andrew Kempke's
resignation as treasurer OF the board
was accepted In order to allow him to
take UP his new duties as head OF the
commercial department of the local
college. Mrs. Watson Of Chicago was
called to the position of matron Of the
college boarding department for the
coming year.
Rock Island Argus. (Rock Island, Ill.) 1893-1920, 1911-06-28
THE GRAIN MARKET.
LIVERPOOL Grain.

Liverpool, June 2S.-The wheat mar
ket at the immediate opening was firm
with values q TO Il higher. due to the
firmness in America and unfavorable
crop advices. Following the opening
there was free realizing in July and
this month declined Is. The compar-
alive weakness in Buenos Ayres, to-
gether with favorable crop advices
from Argentine, Russia and Roumania,
caused poor demand for forward deliv-
cries. Russia continues 10 offer freely
at decline and poor demand. AT
Rock Island Argus. (Rock Island, Ill.) 1893-1920, 1911-06-28
LIVE STOCK MARKET.
OPENING of Market

Hogs $4,000 Left over $500. Opened
sc lower. Mixed 6.15Q655. good 5000
CAS-. rough 6-0596 .25, light 6.I0G6.50
Cattle 10000; steady TO 1Oc lower.
Sheep 10000; strong.
Nine O'clock Market.
Hogs generally dull, SC to I0c lower
than yesterdays average. Light SOS
G6.42, rough 5.eoG6.05, mixed 6.0o6
$40. heavy 6.1O96.42, pigs $50 06.2o,
bulk 6.15Ge.so.
Cattle steady to Ice lower.
Sheep strong 10 10c higher
Hogs tomorrow $4,000, cattle 1890,
sheep 1900.
Beeves 4 .s59s. 60, COWS 2. 00G5. so,
stockers 3.0095. 80, Texans 4.5096 90,
calves eoo97.75.
Sheep 2.5o94.1e. lambs 4.4o97.o0.
Close of Market.
Hogs closed strong 10 SC higher than
early, generally &C lower than yester-
day. Mixed e.1eqG.z5, good 6.I59e.4o.
Rock Island Argus. (Rock Island, Ill.) 1893-1920, 1911-06-28
DR.. Fisher Near Death.

Rochester, Mimi, June 2S.-Dr
L. b. Fisher, president of Lombard
college, Galesburg, Ill, is very low.
While he rallied from the sudden
relapse Of early yesterday morning,
following an operation for cancer, it
is feared that the end may come
SOON
Rock Island Argus. (Rock Island, Ill.) 1893-1920, 1911-06-28
LOCAL MARKET CONDITIONS.

LOCAL MARKET CONDITIONS.
June 2S.-Foilowing are the quota
tons on the local market today:
Eggs, 1890.
Butter-Dairy. 21c; creamery. 221kc.
Lard, 10c-
Feed and Fuel.
Corn, per bushel, SEC and SIC.
Oats, 40c.
Wheat, s0c
Potatoes, SIPS per bushel.
Forage-Timothy hay, SIS.
Clover hay. SIS.
Wild hay, SIP to SIS.
Straw. 81.
coal-Lump. per bushei. 15c; slack.
loc.
Rock Island Argus. (Rock Island, Ill.) 1893-1920, 1911-06-28
Wood. $3.50 per load.

Wood. $3.50 per load.
Sales on Market square in last "a
hours:
Two loads oats at 40c
Two loads wheat at 90c
Three loads corn at SEC and SIC.
Four loads timothy hay at SIS.
One load wild hay at $12.
Rock Island Argus. (Rock Island, Ill.) 1893-1920, 1911-06-28
New Jobbine Firm Here.
Especial to The August

Springfield, Ill, June 2s.-The
secretary OF state today issued IL
cense to incorporate to the Indepen-
dent Jobbing company of Rock Is
land. Capital stock, $4,000. OBJ
Ject to deal in beer and malt prod
ucts. The incorporators are Gus
tav Tilgner, Charles Tilgner and
Henry 3. Wohlers.
Rock Island Argus. (Rock Island, Ill.) 1893-1920, 1911-06-28
NEGROES ARE LYNCHED
Angry Men Storm Georgia Jail and
Sect Woman AssaiIants.

Monroe, Ga, June 2S.-A mob
yesterday morning lynched Tom
Allen, the negro accused of attack
ing white woman in this county,
and yesterday afternoon stormed the
jail here and lynched Joe Watts, an
other negro, who was being held on
suspicion. No charge had been made
against Watts. He had been arrest
ed while .prowling around the home
OF a white man
Rock Island Argus. (Rock Island, Ill.) 1893-1920, 1911-06-28
BOARD OF TRADE TRANSACTIONS

BOARD OF TRADE TRANSACTIONS
Wheat.
July, e01k. e11a, s92s, s91a.
September. 9O1s, 9Oas, ss7s, SO.
December, 921s. 921a, 911s, 91A.
Corn.
July, 81, SIS, SOS. 571s.
September, 599s, 59ss, 5SSs, SO.
December, 5s9s, 5s9s. 57ss, 57%.
Oats.
July, 1855. 4S1z. 42s4, 4SA.
September. 4494, 4424, 4324, 44Ss.
December. 461k. 461s, 459s, 46.
Pork.
July. 1915, 1926, 1910, 1925,
September, 1886, 1895. 1882, 1885.
Lard.
July, SIS. SIS, S.12, SIS.
September. s.27. $50, s.27. $50.
Ribs.
July, Sis, S22, S.12, s22.
September. S.27, s.35, S.25, $50.
Rock Island Argus. (Rock Island, Ill.) 1893-1920, 1911-06-28

members o. Chicago Board OF Trade.
Grain. provisions. stocks. and cotton.
Local offices at Rock Island house. Rock
Island, Ill. Chicago office. 9s-99-100.
Board of Trade Local telephone. No.
west 1901
Rock Island Argus. (Rock Island, Ill.) 1893-1920, 1911-06-28
Colored Man Dies.

Tom Williams (colored) died this
morning in a rooming house at 204
Third avenue. The body was removed
to the Knox undertaking rooms.
Rock Island Argus. (Rock Island, Ill.) 1893-1920, 1911-06-28
FORECAST


vicinity. with probably showers late
tonight or Thursday.
Rock Island Argus. (Rock Island, Ill.) 1893-1920, 1911-06-28
TOday'S Market Quotations

rough 6.00@6.15, light 6.05@6.45.
Cattle steady to 10c lower.
Sheep strong.
Rock Island Argus. (Rock Island, Ill.) 1893-1920, 1911-06-28

1870 the market was easy for the near
by months and u to Is of from the
opening
Corn opened u higher on strength
in America, f1rmness in Buenos Ayres,
and a good consumptive demand at
higher prices and firmness in coarse
grains.
Liverpool Cables.
Wheat opened u higher; closed Is
lower TO "a higher.
Corn opened II higher; closed \.
higher.
Rock Island Argus. (Rock Island, Ill.) 1893-1920, 1911-06-28
Western Live Stock.
NEW YORK STOCKS.

New York, June 2S-Following are
the quotations on the market today:
Rock Island Argus. (Rock Island, Ill.) 1893-1920, 1911-06-28
OBSERVATIONS.

High Low Prep.
yes last 24hrs.
Rock Island Argus. (Rock Island, Ill.) 1893-1920, 1911-06-28
MISSISSIPPI STAGES.

j.. M sHERIER. Local Forecaster.
Rock Island Argus. (Rock Island, Ill.) 1893-1920, 1911-06-28
in Brought to Your Attention

6. Upto date styles at moderate prices.
z. Truthful advertising at all times.
8.Perfect fitting garments guaranteed.
9. To make you feel welcome and at home here at al
times.
TO- Money without hesitation whenever requested
The Caucasian. (Clinton, N.C.) 188?-1913, 1911-05-18
AND MITCHELL FREE.
Supreme Court Reverses Decision of
Lower Court i'm the Contempt Pro-
ceedings i'm the Case of the Buck
Stove and Range Company.

Washington, d. c., May 15.-The
United States Supreme Court to-day
reversed the decision of the Court Of
Appeals of the District of Columbia
sentencing President Samuel Com
aDers, of f~~the----ESdertaion of Labor
Unions; John Mitchell and Frank
Morrison, officers of the American
Federation of Labor, to jail for con-
tempt of court in connection with the
Injunction suit of the Buck Stove and
Range Company.
The Court dismissed the entire case
holding that the imposition of jail
sentences was unwarranted by the
contempt nature and that the Dis
trict Supreme Court should have i'm
posed fines only. The decision, which
was read by Justice Lamar, held that
the cases was purely civil contempt,
punishable by fine only, and since
the differences between the stove
company and the Federation of Labor
is now eliminated, the Court believed
that the entire case should be dis
missed outright This decision is one
fthe highest ever won by labor in
this country, because it involved the
Imprisonment of three of the biggest
labor leaders The unionists regard
the decision as turning point in the
unionists' fight in America. Presl-
dent Gorhpers was on train en- route
from Philadelphia to Washington
when the decision was rendered. JUS
the Lamar's document was the most
exciting in many details. The de-
cision was unanimous.
The Caucasian. (Clinton, N.C.) 188?-1913, 1911-05-18
n9asawsv~ uaxw .zsHaxsts
sanxsAA-
efs.sssnz&a tse@sy ts~@r@@es<s sss Fkas
sssszss s@ Is.rv Tsswx<~-~ssss~~s
- n@a~s ss-~~ss.<w ~sas~ - rF~@r
ta~h

NAaAaaxsa@. ~ e. Ma ia
- sA4s Fs~@a<x.sEs sae@awks -
ss@ ss.s@maass - nssss @s<@
a~~aans asp saaxsaams 81 = xss-
sss - aa&zGssfAx kAa sze@eexs -
ouzs@lsse~s ~aasA all s4tssssxsse sss
so-e.Issa ssees .n4 aaxAr sFssza ss~-
zswa se-2.Y he m0ss sU<eoss esesa
TAI Axa sexaFse8 ~ sAe ne@eeTakss
rasks of tie ffsas~ szaes ne oa~sssg
% coHgrwss
cAaIrnan Hear was 3enc4axed -
neurwsessAive F4saxer.ta. Caaar=sa
81 The AperusFkasaoas CoI@sttws.
wtkh Aaxtnx saaas "a ~uawarvAsse4
sssam14lon OF Aataestty- Tor sas
Rui~s commats@e. osAss Dwasoxsass
declared that The acstsn - he Raies
commttsss. Is rassn~a ~ TO- Isoase-
woald be q complete shsuEasaon %
the principles for wAIeh sks Ds@o-
Gratis hsd stood. Hamsiy. TIC seaessso@
90 committees b. aesaon % he Dsas-
ocrasic caucus
Two lists OF namrs. cos he4nE The
proposed steel trnst COMMITTEES AID
the other the sugar trust committee.
we're submitted by Mr.. Hsnrr In tie
form OF privileged resolutions. whseh
he asked the House 10 adept
Immediately questioned hy Demo
Gratis who had not been consulted IN
10 the authority By which the Raiss
Committee offered these names. Mr.
Henry sald about ise Democrats had
approved the Democratic lixt and Re-
publican members we're named By
Minority Leader Mann.
The steel trust investigating eosa-
mittee was approved before the Dem
I ocrats woke up TO the fun effect Of
the situation. The resultant nKAt
fell upon the sugar trust committee.
and a continuation OF the struggle
finally vas averted by the action os
Democratic Leader Underwood 81 aa.
iournlng the House while the resola.
J ton was still pending.
Mr.. Henry denied that there had
been any assumption OF authority. oi
that the action Of the Rules Commit
tee would defeat the whole Demo
cratic principle OF the election o
committees By the party caucus an'
the whole House.
Democrats protested that they hai
E never been consulted by the Rule
. Committee.
The Caucasian. (Clinton, N.C.) 188?-1913, 1911-05-18
TALKING ADJOURNMENT.


Nsmhlngson. q. g. Nay a9-Af-
thouga The special sesssoa o. Coz
grsss Ia but little more than n xnonth
old. talk of adjournment las already
become general and The saxgezsAons
are not ali oae-xaded. Rep0 hiaeans
IA both branches have aeea limiting
that recess during the bot noasns
woald not interfere with legislation
at all. while many Democrats in the
House are beginning TO believe they
~tiI be through with All The iegtsla-
tive program they care 10 enact with
in another week
Higa temperature, = sample Of
shich was experienced last week IN
Washington. served TO stimulate in
the minds OF Democratic representa-
tiyes more interests In summer resort
matters than in tariff questions. For
several days they have been eonsid-
ering the possibility OF getting
through by June 18th. The House
expects TO have before IL the revised
goolen schedule within 4 week or ten
days. There has been much mission
airy work during the past week to
unite the factions for ar agreement
upon a revision which aill be in the
nature Of a compromise between the
advocates of a revenue tariff on free
wool and the champions OF no duty
on raw wool. While many Democrats
have openly declared for free raw
wool, all have agree to abide by the
caucus decision.
The Democrats believe that this
matter can be disposed OF in the
House without much delay and are
urging that this end initiative legis-
| lation for the session. Outside OF that
| feature of the tariff, with perhaps
| some revision of the cotton schedule
/ there is little before the House. The
/ caucus decided a month ago TO make
| this tariff session.
The Caucasian. (Clinton, N.C.) 188?-1913, 1911-05-18

Cumberland, Nd. May i4.-Cum-
berland is enshrouded in smoke from
forest fires which extend at inter
walls through the mountains west and
south OF here a distance OF at least
two hundred miles. Along the line
of the Western Maryland and the
Baltimore and Ohio Railroads In The
AlleghencIes vast acreages are in
flames.
Near Moore, Tucker County. ~.
Va, ninety-five miles southwest OF
Cumberland to-day. John Werner.
farmer. dropped dead while fighting
the fire which was burning over his
land. This is the second known fatal
ity. On Friday Miffin c. Gregory.
ingaged seventy years. was burned 10
death near Buckhannon. W. Va. Dur
ing the excitement OF fIghtInR the
fire Gregory was lost sight OF and
later his charred body vas found.
Belington. ". Va. has been sur
rounded by FIRE for the last forty
eight hours and thousands OF acres
have been burned over. taking fene-
ing. small buildings and valuable tim
Der fires. State Forest Warden. ].
A. viguesney, is on the ground di-
recting the work about RelIngton.z
There has been a stiff breeze and the
whole Laurel Hill Mountain. be-
tween BeIington and Elkins. has been
burned over There has been no rain
for several weeks and the unusually
dry condition makes thep rogress OF
the fire rapid.
Work on the large band saw mIIi
operated in Belintgon was suspended
and the fifty employees were tassn
to the mountains to assist In making
rings and back firing. Practically all
work Is suspended and all abie-bod-
led men are fighting fire.
The forest fire situation at Iona
consng Ii serious. Orchard tracts
reoently purchased BY Duncan r..
Sloan. Fred r. Sloan. DR.. Fl. NJ Hodg-
SON. DR.. George d. Campbell and 9TH
ers are within the danger zone
Fences have been burned and several
hundred fruit trees Just planted have
been destroyed.
The Caucasian. (Clinton, N.C.) 188?-1913, 1911-05-18
AFTER SAMUEL GOMPERS AGAIN.

Washington, d. c., May 16.-Less
than twenty-four after the decision
of the Supreme Court yesterday which
revoked the jail sentences of Samuel
Gompers, John Mitchell and Frank
Morrison, President, Vice-President
and Secretary, respectively, Of the
American Federation of Labor, in Ii
tigation against the Bucks Stove and
Range Company, OF st. Louis, Mo-,
Justice Wright, of the District Su-
preme Court, to-day began proceed
ings anew for alleged contempt
against the labor officials, which the
Supreme Court held yesterday was
punishable by fine only.
Speaking of the action Of Justice
Wright to-day, President Gompers
said: Justice Wright can go just
as far as he likes. He will find we
are not running away-not even
from him."
Justice Wright, who imposed the
sentences upon Messrs. Gompers
Mitchell and Morrison. to-day ap-
pointed Jos. 4 G.. Darlington, Daniel
Davenport, and Jas. n. Beck, counse
for the Bucks Stove and Range
Company, as a committee to inquire
forthwith into the question o.
whether the labor leaders had yio
lated the courts order. They were
| instructed to report to the cour
whether, in the opinion of the com
mittee, the labor leaders were guilt.
of contempt In violating the inJunc
| ton against the publication OF so
caluled boycott list in the American
Federationist, the official organ OF tn
Federation.
The Caucasian. (Clinton, N.C.) 188?-1913, 1911-05-18
TO SELL CANAL BONDS.

Secretary of Treasury Invites POpu-
lar Subscriptions-BOn Will Pay
3 Per Cent and Will Be Non-Tax-
abIe-Will Probably Be Rush of
Bidders.
Washington, D. c., May 16.-Sec-
retary MacVeagh to-day invited pop
ular subscriptions to $50,00O,0 200
issue of Government bonds to reim-
burse the treasury general fund for
expenditures on account of the Pana-
ma Canal. Treasury officials expect
the loan will be largely over-subscrib-
ed, and in distributing the new Sc
curities the Government announced
it's intention is to give preference to
smaller bidders.
The new securities will bear 3 per
cent interest, payable quarterly: will
be in denominations of 500, $500
and $1,000. They will be dated
June 1 ,1911, and will be payable in
fifty years.
By provision of law, the new bonds
will not be available to National
banks as the basis of circulation. In
asmuch as they are the first the Unit
ed States has ever issued with such
restriction, much interest is at
tached to the. price they will bring.
/ According to law they cannot be sold
| at less than par. The premium
which the new Panama Canal Bonds
/ can command will reflect the nation
al credit of the United States as il
compares with that of the great ma
tions of Europe. Inasmuch as the
postal savings bank law fixes the pal
value of postal bank bond bearing
two and one-half per cent interest al
500, it is agreed that the 3 per cent
i Panama Canal Bonds must bring
more than par. How much more Is
conjecture. The estimates range
from slightly above par of 1O3.
Checks and postal orders will bt
accepted for the new bonds-some
thing which never has been done be
fore. Although the issue is designed
for private bankers, national banks
which bir for the bonds will be allow
to deposit them as security for Gov
ernment deposits.