davidaulloa/AmericanStories huggingface dataset:
The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1911-10-16

England, therefore, we have the best
possible example of the development
Of an institution that has little by lit
Tie taken on new functions and new
public responsibilities as experience
showed these powers to be economi-
cally desirable.
Foundation Of Bank
In 1894 William Paterson and assoc
ciates advanced the government e1.-
100000 in return for 100000 year
and the privilege Of forming a corpor-
alton under the title the Governor
and Company of the Bank Of England. 8"
The corporation was allowed to deal
in bills of exchange to buv and sell
gold and silver bullion, to lend money
on security, with the right of selling
the security three months after ma
turity Of the debt secured. The gov
eminent debt formed the capital stock
and the bank was allowed to issue
notes up to that amount There is
nothing in the law establishing the
bank that indicated any intention OF
turning the management of the pub
lie debt over to il. None of the func-
lions of the eXchequer were to be ex-
ercised by it. However, the bank at
once showed its Importance i'm rela-
ton To the government credit by CASH
ing the bills representing the public
debt
In 1897 new bank act allowed the
Bank of England to increase it's capital
stock by taking subscriptions in bank
notes and government bills. In 17OS
The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1911-10-16
CASCARETS FOR A
SICK, SOUR STOMACH
Gently but Thoroughly cleanse and
regulate your Stomach, Liver and
Bowels while you sIenn-

Bowels while you sleep.
That awful sourness. belching NJ
acid and foul gases that pain in the
pit OF the stomach, the heartburn.
nervousness. nausea. bloating attire
eating, feeling OF fulness. dizziness
and sick headache. means Indigestion,
"a disordered stomach, which canno,
be regulated until you remove the
cause. II isn't your stomach's fault
your stomach is as good as any.
Try Cascarets; they cure Indigestion
because they Immediately cleanse and
regulate the stomach, remove the
sour undigested and fcrmentlng food
ana FOUL gases; take the excess bile
from the liver and carry off the de-
composed waste matter and poison
from the intestines and bowels. Then
your stomach trouble Is ended forever.
A Cascaret tonight will straighten Won
out by morning. fO-cent box from
any drug store will keep your entire
family feeling good for months. Don't
forget the children-thelr little insides
need a good, gentle cleansing, too.
The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1911-10-16
HISTORY OF GREAT
BANK OF ENGLAND

Washington. oct. l6.-The National
Monetary Commission has published
translation Of DR.. Eugen Won Philip
povich's The Bank Of England and its
Financial Services 70 the State. which.
though well known to students OF
banking has hitherto only been Access
sible in the German language. DR..
Phiiippovich does not study the Bank
of England as a factor in the economic
growth Of the nation, but rather the
relation between the Bank and the
English financial administration. and
the form which they present TODAY.
Some banks. Of which the German
Reichsbank and the Bank of Japan
are examples, have been organized out
OF hand by legislative enactment To
aid in the administration Of Govern
ment finance and TO provide banking
resources for industry ami convent
ence. The origin Of the immense
powers Of the Bank Of England was
quite different. Although the Bank Of
England was founded in 1894 it did
not gain its present intimate connec-
ton with the government finance un-
TIL the nineteenth century. The pres
ent powers of the bank were acquired
as experience showed government Of
hcials that the facilities Of the bank
could be used to advantage in the adj /
ministration Of the public receipts and |
expenditures. In many cases the bank
was first made use Of by financial min
listers and paymasters, and legal au-
thorlty followed later In the Bank OF /
The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1911-10-16

The plan for the dissolution OF the
American Tobacco company I'm COM
pliance with the decision Of the United
States supreme court decreeing It an
illegal combination. was officially made
public Saturday night, and submitted
today TO the United States circuit court
for the southern district of New York
for approval The plan provides for
division Of the American Tobacco COM
pany into four companies, no one Of
which 0t is stated, will have a con-
trolling influence in the tobacco busl-
ness. The four companies are the
The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1911-10-16

tries merely. DIR. Philippovich de-
cleres that the English financial adj
ministration at the Bank of England
Is the finest example of AN cconomi-
cal Capitalization of public receipts
and issues"
Public finance in England has ceased
to be isolated from private finance
through "A gradual historical growth.
The government has necessarily be-
come an important factor i'm the mon
ey market because Of its responsible
ity for the management Of the bank
as well as because of its own financial
needs
The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1911-10-16

The News has received a copy Of IN,
Tourist Edition Of the Havana Post
George NJ. Bradt. publisher. issued foi
the purpose Of advertising Cuba and
attracting tourists. Mr. Bradt is TO be
congratulated on both the subject mat
ter and Illustrations. and neat typo
graphical appearance and arrange
ment II is a splendid edition and
would make valuable addition TO
any library. II is historical and de-
Scriptive. and gives the reader a COM
prehensibLe idea Of the industries and
resources Of the island It's numerous
Illustrations, half-tones and three-col-
or work. are in themselves works Of
art and give the edition a classy ap-
pearsnce The haIf-tones Of the wreck
OF the battleship Maine are most in
teresting and the best views We have
vet seen. The Havana Post is the
only daily newspaper published in
English in Cuba
The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1911-10-16

A Chicago judge has decreed that
the state of Illinois will not admit az
legal the Nevada brand Of divorce. He
will henceforth insist on residents Of
that state patronizing home divorce
mills.
The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1911-10-16

present American Tobacco company
which VIII continue It's corporate ex-
istenee. the Lggett s Myers Tobacco
company, which is TO be organized; the
p. Lorillard company, also to be organ
lied. and the r. J. Reynolds Tobacco
company. an existing corporation. Now
fort the Standard oil scheme Of reor-
The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1911-10-16

In an analysis of "a group of acct
dents To worllmen while following their
line of work. for 80 per cent of the ac-
cfdents no one was responsible, for 30
per cent the workman killed or his fell
low workman was responsible; for 30
per cent the employer or agent wac re-
sponsible and for 10 per cent both
employer and workman were respon-
slble.
The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1911-10-16

Champ Clark comes TO bat with the
remark that Bill Taft talks too much.
Evidently Champ has forgotten the
ancient wheeze about people who live
in glass houses.
The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1911-10-16

amounts for which they were person
/ ally responsible. Some of the ofilcia''
and paymasters deposited the govern
ment funds at their disposal In the
Bank of England; some made Other
disposition of the funds. During tn,
eighteenth century the connection be-
tween the bank and the public offices
grew continually closer. The bank
acted merely as banker and the re-
lation between the public offices and
the bank was no more than that be-
tween a private person and his bank
err"
Between 1850 and 1884 the relations
between the bank and the public Of
fees were systemized bkut IL was not
until the latter date that the real
union Of the public treasury with the
hank took place. The duties OF the
various officials were then defined by
law and the following principles were
adopted for the management of the
public money:
"OD All moneys payable 10 the
government were paid into the bank
either directly or through the inter
mediary of the receivers
"(2) All public money held by the
bank was to form single fund known
as the account of His Majesty's ex-
chequer.' But separate accounts were
TO be kept for the public offices cor
responding to the separate services.
"(D The eXchequer account was a
to the comptroller general on
ly and he employed the same on the
receipt of warrants from the treas
ury, which warrants must rest either
on an order under the royal sign man
ual or n grant of Parliament"
After 1884 it was no longer possi-
bic to speak of central public treas
ury unless by this the bank was
meant" The additional changes a
doptel later merely made the govern
ment audit more efficient and improv-
ed the details of the system.
The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1911-10-16

. Turkey now realizes that while a
navy may cost more than diplomacy
in the beginning, II saves money and
territory in the long run.
The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1911-10-16

A New York inventor claims he cail
take $4,000 worth Of gold from sea va
ter every day. Possibly by watering
stocks.
The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1911-10-16
Present Function of Bank.

mo change has been made durinl
the nineteenth century in the method.
Of borrowing or In the administration
of the funded debt" Since 1853 tn,
unfunded debt has been of three forms
treasury bills, exchequer bills, and ex-
chequer bonds. The treasury bills re-
semble Misunderstanding bills OF ex-
change, running for less than a year
and subject To discount. The exched-
uer bills entitle the holder to a stated
sum at any date after one year and
within five years of the date of issue
The interest rate is announced quar-
terly I'm the London Gazette. The ex-
chequer bonds are coupon bonds made
out i'm round sums, payable to bearer.
and mature within six years from the
date OF issue. The bank receives a
rate OF payment for administering the
public debt, which rate depends on the
of the debt outstanding at
certain dates.
At present, then. the public revenue
is concentrated i'm the bank under the
name of "the account of His Maiestv's
eNchequer'; daily transfers are made
to the bank accounts of the issue de-
partments for distribution; the bank
Of the treasury is "to secure
a constant correspondence between
the receipts and issues; i'm case there
is a cash deficit the Bank OF England
makes deficiency advance" to the
treasury at a rate of interest agreed
upon, the loan to be repaid out of the
receipts of the consolidated fund: rev.
enue is received and payment is made
BY bills of exchange; transfers be-
tween the head offices of the govern
nent are accomplished 6by book en-
The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1911-10-16
TERMS OF SUBSCRIPTION.
MONDAY, OCTOBER 10, 1911.

Patriots OF Wisconsin and Illinois. at
least, are not finding the direct prim-
airy panacea for what ails them.
Daily capital journal. (Salem, Oregon) 1903-1919, 1911-09-07
A Correction

Due to the changeable nature of
city directory, The journal yesterday
announced that Clarence Henry AL
bert and Miss Grace Gertrude Byrd
were married yesterday at the home
of the brides parents, 6O3 North
Winter street. This was a mistake.
Mr.. and Mrs. L. A. Byrd are now llv-
ing at 1885 Marion street, and 1t
was there the wedding took place. Mr..
Albert is a resident of Portland and
the young couple will make their
home in the City of Roses.
Daily capital journal. (Salem, Oregon) 1903-1919, 1911-09-07
Common Colds Must Be Taken
SnrinmSlN

For unless cured they sap the vitality
and lower the vital resistance to more
serious infection, Protect your child
ren and yourself by the prompt use
of Foleys Honey and Tar Compound
and note its quick and decisive re-
suits. For coughs, cold, Group, whoop-
ing cough, bronchitis and affections
of the throat, chest and lungs it is an
ever ready and valuable remedy. Re-
member the name, Foley's Honey and
Tar Compound and refuse substitutes.
The genuine is in a yellow package.
Red Cross Pharmacy Oh. Jerman).
Daily capital journal. (Salem, Oregon) 1903-1919, 1911-09-07
Menger Inid 10 Rest


The funeral of Jacob Wenger, the
popular tenor and musician of Salem,
who died at his home Monday MORN
ing, was held from the First Chris
tian church yesterday afternoon. Rev.
Davis Errett conducted the services.
Interment was made in Lee Mission
cemetery. The body lay in state from
l until 2 O'clock and many of his
friends viewed the remains of their
friend for the last time. Several
beautiful vocal selections were given
by the Ye Liberty quartet and Mrs.
Halle Parrish Hinges. The. mass of
flowers and floral tributes gave evil
dence Of the high esteem in which Mr..
Wenger was held. The church was
decorated in appropriate mourning
drapery
Daily capital journal. (Salem, Oregon) 1903-1919, 1911-09-07
Steadman Acquitted

Frank Steadman, who was arrest
ed last week in local rOOming
house in company with Mrs. II.
Falls, and against whom charge Of
adultery had been placed on COM
plant of the woman's husband, was
acquitted in Justice Websters court
yesterday, due to lack Of evidence
Falls had charged Steadman with
bringing Mrs. Falls from MedfOrd TO
Salem while Falls was absent from
his home in Medford. The three
young people were raised in the
same neighborhood at Grants Pass.
Mrs. Falls appears to De not more
than IS years Of age. and her hus-
band refused to place q charge
against her.
Daily capital journal. (Salem, Oregon) 1903-1919, 1911-09-07
New interpretations,

The following articles of incorpor-
alton were filed today with the sec
retGry of state:
Anderson Fuel Co., Portland; cap
ital stock, $4,000.
Hazclwood Company, Portland
capital stock, 100000.
Suttles Lake Improvement Com
pany, Bend; capital stock, $49,SOO
Inside Realty Company, Portland
capital stock, $4,000
Culver-Opal Springs Water Com
pany, Culver; capital stock, $4,000,
Tip-Top Auto Company Decrease
Tip-Top Motor Car Company: Dis
solution.
Daily capital journal. (Salem, Oregon) 1903-1919, 1911-09-07
\ X * y y; = X = X X X II x X
PERSONALS. y
Z + ! < 4 x i < x \ X x X X X


j. f. Goode made a business trip
to Portland this morning.
Roy f. Dingman, of Vancouver. B.
c., is visiting his mother, Mrs. f. n.
jenkins.
Mrs. c. c. Thompson has returned
from visit to Vancouver, Wash
ington
Mrs. J. NJ. Campbell and daughter
are visiting Mrs. Campbells parents
at Eugene.
l.. L. Josse and c.. p. Bishop spent
yesterday in Eugene,
Mrs. Ray Gilbert is a Salem visi-
tor in Portland.
Mr. and Mrs. L. Dresnor, of San
Francisco, who celebrated Their
golden wedding, January /, 1911, are
visiting Mr.. and Mrs. Dr.. NJ. P. Men
delsohn.
Mr., and Mrs. w. S. Fargo have
Just returned from a weeks stay in
Portland, where they have been Wis
iting relatives and friends.
Daily capital journal. (Salem, Oregon) 1903-1919, 1911-09-07
DIED,

ROWLAND-At the home of his
daughter Mrs, Stella Gabbert, in
Portland, Wednesday, September 6,
1911, l.. B. Rowland, age 50 years.
Mr.. Rowland was an Indian war
veteran. He came to Oregon in 1852.
Besides his wife he leaves four sons,
j. w. and Theodore Rowland, of Port
land; Luther Rowland, of Salem;
Howard Rowland, of San Diego, Cal,
and one daughter, Mrs. Stella Cab
bert, Of Portland; a brother, Thomp-
son Rowland of Eugene, Ore, and a
sister, Mrs, Stella Moore, of Drain,
Ore.
Daily capital journal. (Salem, Oregon) 1903-1919, 1911-09-07

The JOURNALS BARGAIN DAY.
Is now on. All Subscribers =
ing in advance one year can ssyo
Sl.oO on the regular subscrintjon y
price. In addition to this we viii
furnish 1O2-page atlas contain
ing an up-to-date map of every
country In the world, and two ac-
eurate maps of the Panama canal
In the back of the atlas Is psstsS
map OF Oregon 1Sx22 inches In
Sl.e, showing the division of the
congressional districts of the state
me railroad, stage and auto lines
a list Of the counties and ali towns
over 100 inhabitants. togathaS @
with their population, according 70
ne 1910 census. The of,e.
closes October /, 1911. Remem.
ger the date, and do not ASK for
'ae rate after that time. s-5-2Ot--
Daily capital journal. (Salem, Oregon) 1903-1919, 1911-09-07

Don't waste your money buying
plasters when you can get bottle Of
Chamberlain's Liniment for 20 cents
A piece Of flannel dampened in this
liniment is superior to any plaster
for lame back, pains in the side and
chest, and much cheaper. Sold by
all dealers.
Daily capital journal. (Salem, Oregon) 1903-1919, 1911-09-07
Barr Gets Cnntrnct-

Barr Gets Contract
The contract for installing the
heating plant in the branch asylum
for the insane, at P'lGletOn, was to-
day formally awarded to Theodore
NJ Barr, Of Salem. His bid was sub
stantially lower than all others, but
there were some side issues TO be
considered, and the awarding Of the
contract was delayed or week or two,
but today was decided in Mr. Barr's
favor.
Daily capital journal. (Salem, Oregon) 1903-1919, 1911-09-07
Just What You Want

Balsam of Myrrh, good for sprains
and sore shoulders on your horses;
good for man or beast. You get it
at F. r. Shafer's, the saddle and
harness man, 1877 South Commercial
street, 7-22-eod
Daily capital journal. (Salem, Oregon) 1903-1919, 1911-09-07
Double Wedding Tuesday

Miss Pearl Schifferer was married
to Leo NJ. Staddlman ana Miss Lydia
Nader was married to Fred Schiller
er, at the Schliferer home, near Tur-
ner, Tuesday afternoon Rev. Davis
Errett, of Salem, performed the
double wedding ceremony. Miss Ma
rie SChifferer is a sister of Fred Schif-
ferer. Miss Nader also is a resident
of Turner. Mr.. Stadelman Is resi-
dent of St. Johns, Oregon.
Daily capital journal. (Salem, Oregon) 1903-1919, 1911-09-07
CYldn Reslpns-

R. c. Clyde, member of the house
Of representatives, from Multnomah
county today rendered his resigna-
tion to Governor West, and 1t has
been accepted. He gave as his rea-
son the fact that he has been elected
councilman at Portland, and hence,
under the law, cannot legally hold
the office.
Daily capital journal. (Salem, Oregon) 1903-1919, 1911-09-07
II NOn HIVE Rooms

All necessary preparations are be-
ing made to take care of the large
crowds coming to the Fair next
week, Owing to the increased hotel
facilities, II was hoped that all COM
ers could be cared for but it now
looks as though the crowds will be
greater than ever before known, and
In order to make sure that all COM
ers win he provided with rooms, the
board of trade is again listing all de-
slrable rooms to be had in the city.
Persons wishing roomers for Fair
week, should list their rooms at the
Board Of Trade office. but it can not
be done by telephone.
Daily capital journal. (Salem, Oregon) 1903-1919, 1911-09-07
Another Senator Lenres-

Garter Lee, late tleet footed short
stop for Jerman's star aggregation,
left yesterday for the hop fields. In
addition to threatening the prune
crop in the valley, the recent heavy
rains also split" the local baseball
team and three of the best players
have left town
Daily capital journal. (Salem, Oregon) 1903-1919, 1911-09-07
SnnM nt Rnknr.

According to the Baker Democrat,
during the storm in that city last
Monday, there was a considerable
fall of snow and the mountains to
the west of Baker bore white coy
ering for the first time this fall.
Daily capital journal. (Salem, Oregon) 1903-1919, 1911-09-07
Funeral Today

The funeral of Mrs. A. A. Wheeler,
who died Tuesday afternoon at her
residence, 343 North Liberty street,
will be held at IL o'clock Friday
morning from the Rigdon undertake
Ing parlors, on High street, near
Court Interment will be made in
the Clagget tcemetery, five miles
north of Salem.
Daily capital journal. (Salem, Oregon) 1903-1919, 1911-09-07
To Visit in East

John II. Farrar, assistant post
master, has been granted a two
months leave of absence and leaves
today for a visit to the east. He
will visit for awhile with sister in
Plttsburg and then will make a
visit to the important cities of the
east.
Daily capital journal. (Salem, Oregon) 1903-1919, 1911-09-07
4 + 4 X X 4 = = 4 \ X X + 4
4 CITY NEWS.
4 \ X X X 4 X X + X X X \ :

Special meeting Of Pacific
Lodge No. so, A. F. & A.
NJ, tomorrow at 1880 D.
m, to attend the funeral of
our late brother, r. A.
Pratt.
Daily capital journal. (Salem, Oregon) 1903-1919, 1911-09-07
Attending Fair

Governor West today left for To-
ledo, where he will attend the Lin
coin county fair. The fair this year
It IS said will be the best ever held
in the history of the county.
Daily capital journal. (Salem, Oregon) 1903-1919, 1911-09-07
Furnitnre and Cnrnets-

Having disposed of my business
and desiring to leave Salem, have
some very good furniture and car
pets for sale. y. j. Riggs, Court
street 9-6-2d%
Daily capital journal. (Salem, Oregon) 1903-1919, 1911-09-07

Police Judge Charles Elgin has re-
turned from a two-weeks' vacation at
Breitenbush springs. He is again "om
the job at the police court.
Daily capital journal. (Salem, Oregon) 1903-1919, 1911-09-07

PRATT.-At Mill City, Oregon, We'd
nesday, September 6, 1911, r. A.
Pratt, age years.
Mr.. Pratt was an Oregon pioneer,
and was well known in Salem. The
funeral will be held at $50 Friday
afternoon from Rigdon's undertaking
parlors. lnterment will be made in
the Odd Fellows cemetery in Salem.
Daily capital journal. (Salem, Oregon) 1903-1919, 1911-09-07

Burns says most private detec-
tiyes are INSCRIPTIONS rascals, but
there are eXceptions--at least one
exception.
Daily capital journal. (Salem, Oregon) 1903-1919, 1911-09-07
Headquarters

For wall paper and paints. Call
or phone Main 485. w. ]. Parter,
455 Court street. S-23-eod-1m
Daily capital journal. (Salem, Oregon) 1903-1919, 1911-09-07
Hotel Marion Grill

Grille open until IL p. m. Craw-
fish and sea foods a specially. Mer-
chants lunch from IL to 2 p. m, Oc.
Daily capital journal. (Salem, Oregon) 1903-1919, 1911-09-07

The Ladies' AUXILIARY
OF the Unity church will meet In
the Church Parlors Friday afternoon
at 2:30.
Daily capital journal. (Salem, Oregon) 1903-1919, 1911-09-07

Olympic Is n Hard Wheat Flour
Makes more and better bread.
tu-th&sa
Daily capital journal. (Salem, Oregon) 1903-1919, 1911-09-07
EsS
] Easiest


TO BUY GIFTS is TO COME HERE
WHERE THERE ARE ALL KINDS
OF USEFUL AND, ORNAMENTAL
ARTICLES IN JEwELRY. CUT
GLASS AND SILVER YOU ARE
SURE To FIND WHAT YOU WANT
HERE.
BARR'S
JEWELRY STORE
Daily capital journal. (Salem, Oregon) 1903-1919, 1911-09-07

FOR SALE-A new bungalow. Five
rooms, with modern improvements.
Just off from fine paved street and
all sewer and street assessments
paid. Price cheap. E. Hofer &
Sons. 9-4-tf-
Daily capital journal. (Salem, Oregon) 1903-1919, 1911-09-07

Olympic Is n Hard Wheat Flour
Olympic. Every sack guaranteed.
tu-th&sa
Daily capital journal. (Salem, Oregon) 1903-1919, 1911-09-07

Hop Picking Starts
On the Minto hop yard next Mon
day. 9-7-3t
Daily capital journal. (Salem, Oregon) 1903-1919, 1911-09-07
MONEY TO LOAN
THOS. X. FORD
Over Ladd and Bush Bank, Salem, Or
NHlSY:@Ig3:2


The only Woman's College on the Pacific Coast.
Ideal climate throughout the year. Entrance
and graduation requirements equivalent to
those OF Stanford and University OF California.
Laboratories for science with modern equip
mtnt' Excellent opportunities for home
economies, library study, music and art.
Modern gymnasium. Special care for health
81 students, outdoor life. President, Luella
Gay carson, A. NJ, Lit. D., LII. D. For
o., California.
Daily capital journal. (Salem, Oregon) 1903-1919, 1911-09-07
Opportunity

% ACRES with extra good house and
barn, 10 rods from extension Of
Oregon Electric south. If sold at
once, $9500. ]. D. Waring, Bush
Bank building. 9-6-9t
Daily capital journal. (Salem, Oregon) 1903-1919, 1911-09-07
Pressing and Cleaning
Insist on Olympic Flour

Done by d. Fl. Mosher ass Court
street Phone Main 1851 7-13 If
Daily capital journal. (Salem, Oregon) 1903-1919, 1911-09-07

It's guaranteed-your money bac
II not satisfied. tu-th&s
Daily capital journal. (Salem, Oregon) 1903-1919, 1911-09-07

WANTED-Good woman for general
housework; must be good cook; no
washing. Call at 975 Chemeketa
street, mornings. 9-7-3t