davidaulloa/AmericanStories huggingface dataset:
The Mankato free press. [volume] (Mankato, Blue Earth County, Minn.) 1879-1924, 1911-12-29
Road Boosters Favor idea.

Road Boosters Favor Idea.
When some of the good roads
boosters were seen today on this
idea, they were highly enthusiastic
about it. George NJ. Palmer said
that he was going to Lake Crystal
this afternoon at the invitation of a
number of business men and mer-
chants to talk good roads. 1t seems
that a movement is On foot to have
the state road from Minneapolis to
Mankato extend to Lake Crystal, and
then add to this stretch until the
road reaches much farther down to-
ward the southern boundary OF the
state.
Boon for Farmers.
Mr.. Palmer stated that such road
to Sioux City and Des, Moines would
be boon to the farmers and auto
mobilists along the line, Every COM
munity would be benefited, and every
farmer who. lives ON :. bad road
would then LemainE DISSATISFIED ARtill
he secured good road to his farm,
which, would ultimately result in
y Big GOOD roads movement that would
extend throughout the southern part
of the State and all over the state
for that matter. Mr.. Palmer has
been invited to give an address, be-
fore MINNEAPOLIS .Aldience on good
roads next Wedne sday
/ John sSNyqMfstsa said he Ehads5not
thought zof this new phase of the'
good. road. movement -and.~so could
not give any idea as- TO ts''opinion,
but said that good roads no matter
where they extended were good
thing, s However, I'd was WORKING
/. particularly for the district in and
about Mankato.
Hchmann Was Enthusiastic.
John Fl. Holman was very enthu-
siastic about such a road. He said:
This would be one of the best things
for this country. This road would
then keep us in touch with the
! transcontinental road which l under
stand is about to be built some time
in the future 1t would then put us
in direct touch with all this vast
country, straight through from the
twin cities past Mankato and down
| to Iowa"
Judge Cray q had an interesting
! statement, in which he said in part:
81 think that would be fine. 1t would
be- nice addition TO the present
system and it would run almost
along the Omaha railroad line. How
ever, as the country is more thinly
settled along the line from here to
Sioux City, it would probably prove
larger expense to the individual
/ in that country and an estimate
should first be made OF the cost to
| the individual"
Evening star. [volume] (Washington, D.C.) 1854-1972, 1911-12-31
CHICAGO GRAIN.

CHICAGO. December 30-Big chang
es in price today out Of all proportion
to the small amount of business in
volved marked the end Of the Decem-
Der delivery of wheat and corn. The
winding up of trades in that option
resulted in sending the first named
cereal down for what remained of that
month and hosting the other grain up
the extreme differences from last night
being. respectively. a decline Of &c and
q rise Of SIC. Otherwise fluctuations
were Of a modest sort. For the list.
taken as a whole. the finish left wheat
varying from n advance to is off. corn
up a shade to 3A, oats Is lower to Is
higher and hog products slanting from
unaltered figures to gain of a nickel.
transactions took place. did not re-
spond to the eccentricities Of the De-
cember option, and. in fact. had an up
ward tendency. due to the strength OF
unsettled weather in the Argentine
The first decrease in stocks at Minne-
apolis was reported today, and there
was a belief that a better milling de-
mand for the Chicago supply would
gradually develop after January . l..
Dispatches from Buenos Aires were
quoting an advance there, SO that bull
fish feeling was increased, fear being
expressed that further serious damage
might be the consequence Of renewal
OF the rains during the South Amer1-
can harvest. Snow over the winter
wheat belt in the United States. how
ever. was counted as benencial. and
tended to ease the market somewhat
Between the opening and the close
May ranged from 9Sts to 99ss. closing
steady Nc net higher at 80 even.
Corn ruled stronger on account Of the
wet weather and because Of covering by
belated December shorts. The final
squeeze for traders who were forced to
settle deals in the current delivery forced
the price up to the highest mark of the
season, 681s, as against 64A last night.
AS matter Of fact. though, such unfor-
tunates were comparatively few in num-
Der, and appeared to be chiefly cash and
elevator people. May fluctuated from
6SM to 63%, closing steady a shade net
higher at 63asa63A Spot demand was
slow. no. yellow was quoted at 69a7O
for car lots.
The f: t that the arrivals of oats con-
tinue small kept that cereal steady. Shorts
were the best buyers. Upper and lower
levels touched by LAY were Ats and
AN. with last sales 47,saA74s. exactly the
same as last night.
Scantiness Of offerings had a greater
effect on provisions than did the liberal
hog receipts. In the end. accordingly,
pork was unchanged to sc up with other
products also firm, but showing trif1e
less advance.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1911-12-31
The World of Finance and Trade.
Washington; New York; London
NEW YORK BANKS.

NEW YORK, December 3o.-The state
ment of clearing house banks for the
week Give days. shows that the banks
hold Sic, 453 200 reserve in excess of legal
requirements. This is an increase Of
serve as compared with last week.
The statement follows:
Daily average:
Loans. s1.s64. d67 600: increase. s7.575. 900.
Specie. 1921. TAD. 600; increase. $6.24S.OoO.
Net ], Ct, deposits. si.72sae2,ooo; increase.
Circulation. $oo.so7.o 600; decrease, s21s.-
Banks cash reserve in vault, s343, 4O0.-
600.
Trust companies cash reserve in vault,
$62. S31. 900.
Aggregate cash reserve, $4O6. 24O. 600.
Excess lawful reserve. $16453.2OO; in
crease, $3,9O5, 800.
Trust companies reserve with clearing
house members carrying IS per cent cash
reserve. S,271 900.
Loans, $1.s7s.347. 900; increase, s1s.oo7.-
coo.
Specie, $780,. GOT, 900: increase, $12,622, 600.
Legal tenders. $s7.175.0OO; increase. 81
Net deposits. s1,752. 4o5.o 600; increase.
$42. O31 900.
Circulation. $50 $4,000: decrease, se2 900.
Banks cash reserve In vault, $780, 03,-
600.
Trust companies cash reserve in vault.
$64. $50. 600.
Aggregate cash reserve. $415. Oes. 900.
Excess lawful reserve, $1S,998, $50; in
crease. $7.S5S.55O.
Trust companies reserve with clearing
house members carrying 25 per cent cash
reserve, $o9,612.OOO.
Summary of state banks end trust COM
panies in Greater New York not report
ing to the New York clearing house:
Loans, $616921 900; increase, $162, 400.
Specie, $67 SIG, 800; increase. 81, 100. 100.
Legal tenders. 11,255 300; decrease.
Total deposits, ssse. 800. 700; increase,
$500 500.
The Ffnancier will say:
1.-The year ended with the New York
money market in a condition of extreme
ease. the statement of the clearing house
banks for the past week having shown an
excess reserve above the 25 per cent
ing based on the report Of actual condi-
ton. The weeks movement in the bank
ing world was characterized by a heavy
influx of funds from the interior, due for
the most part to dividend requirements,
the actual receipt of specie and legal
expanded S1S.OO7 600. and there was an
extraordinary increase Of $40. 031 900 in
deposits. The latter item necessitated a
heavier reserve requirement OF something
over $10,OOOOOO. but despite this the banks
added S7,S5S, $50 in reserve. The state
ment of the clearing house institutions
for the next week or two will be cOmpli-
Gated by reason Of dividend and interest
payments. etc, but the predominant fact
in the situation is that the year will
open with an abundance of loanable
money at very moderate rates and with
no Stringency in sight"
Evening star. [volume] (Washington, D.C.) 1854-1972, 1911-12-31
DRAINING LARGE LAKE
TO GET OLD TREASURE
BfeastpIates of Pure Gold Re-
covered, Relics of the
ChibchaS.
NEW YORK, December 80.
Special Cablegram to The Star.

Special Cablesram to The Star
COLON. December 3O.-Breastplates of
pure beaten gold have been recovered
from Lake Guatavita, the largest and
most important Of the FIVE lakes of the
Chibcha kingdom. in the Columbia An
des. and the scene, in prehistoric times,
of many religious ceremonies. These
heather rites took place about twice a
year, when the chiefs, with their high
priests, threw rich offerings of gold and
precious stones into the lake, and the
people congregated round its banks de-
posted smaller contributions Of the same
kind to propitia.te the divinities inhabit-
ing its waters.
Many attempts have been made to re-
cover some Of the treasure hidden at the
bottom of the lake, but with little sue
ceeded in draining the waters, and is
engaged In removing the mud which
covers what IL hoped to prove a mine of
treasure. All the gold ornaments, as
well as the great mass Of pottery which
has been recovered. are of tho true Chib-
cha type, and extremely interesting as
examples OF the arts and crafts OF the In
dams before the arrival of the Spaniards
in South America.
The pottery liz supposed to have been
made almost exclusively for the recep-.
ton OF the gold dust, ornaments and
precious stones which were thrown into
the lake as offerings, and Is quite differ
ent in character from the vases found in
the burial places of the surrounding
country. There appear to be no speci-
mems of this class In the public museums
at present.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1911-12-31
COFFEE MARKET.

NEW YORK, December 3O.-The mar
ket for coffee futures opened steady at
an advance of sal points in response to
higher cables, the small Brazilian re-
ceiuts and a renewal OF yesterdays cover
ing, which seemed to have been inspired
partly by the ready stopping of the large
December notices. Trading was not very
active, and the market showed little
change after the. opening, with the close
steady at net advance. of 5as points
Sa,es, "a, 600 bags. January, 10; Feb
ruary. 1885; March. 1912: April, 1890:
May. June and July, 1923; August and
September. 1922: October, 1917: Novem-
Der. 1912: December, 1910 Havre was
La1z franc higher. Hamburg was un-
changed to " pfeunig higher. Rio I'M
changed, at $3.50. Santos unchanged
~. IS 200; IS. $1,000. Receipts at the two
Brazilian ports. 1900 bags. against -. 900
bags last year; Jundiahy receipts, 1000
bags. against 1000 bags last year. Rain
was reported in all districts of Sac
Paulo. Both Monday and Tuesday will
be holidays in Havre. but Hamburg will
reopen for business Tuesday morning. 1t
was reported that about 10000 bags Of
coffee were delivered today on yester-
days notices.
Spot coffee steady: Rio No. z. 141s:
Santos No. 4, LA. Mild coffee dull; Cor
dova, 161aa1S1z nominal.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1911-12-31

from the LONDON News.
Two hundred and twenty-three years
after the death Of the famous tinker of
Bedford an ornate window In his
memory has just been placed in West
minister Abbey. Naturally, It depicts
scenes from the Pilgrims Progress"
the chief episodes illustrated being:
Christians meeting with evangelist.
His Gdmittance at the wicket gate.
His deliverance from the burden of
sin at the foot of the cross.
Piety, Prudence and Charity harness
ing him with armor.
Fight with Apollyon.
Vanity Fair.
Crossing the river to the Celestial city.
Round the center panels. which are
twenty feet high and six feet in width,
runs series Of yignettes representing
minor scenes in the allegory, the first,
OF course, being Pilgrims wife and fam
lily trying to dissuade him from making
the journey. The headlight contains a
portrait Of Bunyhn. and at the base of
the window Is the inscriptions: I'm
memory of John Bunyan: B. 1928. d.
1888. The Pilgrims Progress"
the north transept. Altogether the me-
mortal has cost 1900, raised by lovers
of the Pilgrims Progress" but the
project has chiefly been carried through
by the exertions and liberality of the
Baptist denomination. on whose behalf
DR.. Clifford will formally hand over the
window to tho dean and chapter OF the
abbey January Is.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1911-12-31

LONDON, December 3O-Although
there were only four days available for
trading the stock market this week was
fairly active and occasionally interesting.
The last settlesnent OF the year occupied
much attention, but the chief interest was
conferred in the active dealings and rapid
rises In underground rails and omnibus
stocks. due to the growing belief that the
negotiations for, the amalgamation- of
the various companies were soon to be
completed, but at the closing these shares
were well below the best in the absence
OF the expected official statement of the
merger. Shipping shares commanded in
creased attention on dividend prospects
and gilt edged securities closed higher in
anticipation of the reinvestment of divi-
dends.
The American was the auietest section.
The market weakened yesterday on the
poor statements of earnings issued by the
Union Pacific and Southern Pacific roads,
but prices Improved sharply today on
general covering, and the closing was
steady with values ranging from UNI
changed to = points higher on the week
The money market ended the year with
a record debt to the Bank OF England
estimated at f22.00oOOO January divi-
dend disbursements are expected to
create temporary ease but the bank will
have control of the market until the
end OF the first quarter Discount rates
are therefore firm.
Money was in good demand today and
discount rates Were steady.
The stock market was generally quiet
in view of the holiday Monday but the
tone was steady and prices advanced
moderately In most departments, even
home rails sharing in the betternen
Underground rails and omnibus shares
were easy.
American securities opened steady and
about unchanged. Later there was a fair
demand for Southern Pacific, Union
Pacific and New York Central and the
rest of the list advanced in sympathy
The closing was steady with prices rang
ing from Is TO les higher than Yesterday $
New York closing.
PARIS. December 3O-Prices were ir-
regular on the bourse today
BERLIN, December 3O-The bourse
closed the year optimistic. Extensive
buying was the feature of todays trading
and prices closed higher Money for over
the month end was easy.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1911-12-31
NEW YORK FRUIT.

NEW YORK. December 3O-Evaporated
apples dull and featureless. but prices were
9Aa1O1s: choice. sAa9A; prime. s1saSA
Prunes are firm, with a good demand
quotations range from 5a131z for Califor-
Mas up to 30-4Os. and 1O1ka12 for Ore
CONS. Apricots are quiet and steady;
choice. 1Ja151a: extra choice. 18a18ls
fancy. Tails Peaches are inactive and
steady: choice. 11Aa11h; extra choice,
MAa12; fancy 121ea12a4 Raisins are firm
loose muscatel are quoted at v4a7: choice
London layers. 14Oa145.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1911-12-31
NEW YORK CATTLE.

NEW YORK, December 30.-Beeves-
Receipts. GIL; no trading; feeling I'M
changed; steady at s to 12k for native
sides; exports, 693 cattle
Calves-Receipts. 232: no trading; feel
ing nominally steady: city dressed veals,
II to 16; country dressed veals. 10 to 13.
Sheep and lambs-Receipts, 1857;
market dull and unchanged; sheep sold
275: lambs, 5.25a6.40; no prime stock
offered.
Hogs-Receipts. 2,77s; feeling nomi-
nally steady.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1911-12-31
TREASURY Statement.

At the beginning of business yesterday
the condition of the United States Treas
ury was: Working balance in Treasury
onices. t6e, S35. BIG; In banks and Philippine
treasury, $34, 619. 10l; the total balance In
general fund was $125, 305. 249; ordinary
ordinary disbursements of $2S2l. 661
The deficit to date this fiscal year is
So. 943, $50. as against a deficit of $7,OOS.-
O46 at this time last year. These figures
exclude Panama canal and public debt
transactions
Evening star. [volume] (Washington, D.C.) 1854-1972, 1911-12-31
Bright and Cheerful. =

Albert b. Eastwood, president of the
Chamber of Commerce of Rochester, says:
Il am pleased to state, as president of
the Rochester Chamber Of Commerce,
that the consensus OF opinion among our
leading business men Is that the business
outlook for. the coming year Is bright
and cheerful. Some Of our typical in
dustrial establishments have more orders
on their books today than ever before in
their history. The careful conduct of
business during the past year with its re-
sulting economies, the careful living OF
the people during the past year, with its
resulting economies, together with a
bountiful harvest Of grain, vegetables and
fruits, In this section, have resulted in
an abundance Of money for the financing
of easonable OPERATIONS.
Many large interests that have been
uncertain where they stood are gaining
courage and expanding their business
gradually where opportunity offers, and
in federal control Of large corpora lions
with view to a more conservative law
under which to operate. The bank clear
ings in our city indicate a healthful
condition and steady growth. Retail
conditions average about the same as
last year with gain for the last half
of the month. Deposits of currency in
banks of discount show a gain over last
December. This indicates more liberal
expenditure on the part of the cash
paying trade, large percentage Of
whom are wage earners. We in Roch-
ester look forward. to q bright and pros
porous New Year"
At Springfield. Mass. President Fl. III.
Bowman of the Springfield National
Bank says: while conditions may be
somewhat unsatisfactory in the near
future we see no reason for pessimism."
President A.. d. Bissell Of the Peoples
Bank Of Buffalo remarks.
Many factories are running at much
less than full capacity, but there seems
to be general feeling Of hopefulness
with our people. due. / think, to the
fact that we are a conservative COM
munity and have not in recent years
in any great extravaganza or
In some lines. particularly
in various metals, the business is es-
pecially good. many plants running more
than full time and making large profits.
due primarily to the advance in copper
metal We are getting to be quite an
iron section. and the iron business
has very favorable outlook.
Generally speaking. 4 think the under
living conditions In this city are good.
Merchants and others are rather opti-
mistic and If we could be sure OF less
laws less lawmakers. less politics and
a longer interval between elections. We
would be ready to embark upon many
Evening star. [volume] (Washington, D.C.) 1854-1972, 1911-12-31

And here are two terse, telling ever
ments from the very heart csnter OF the
southwest-President E. F. Swinney OF
the First National Bank at Kansas
City writing:
Il see nothing in the business world
to warrant the country in feeling blue.
The general situation is reassur1ng, al
though / do not predict that security
markets are going to be buoyant. Pres
ent readjustInent conditions may con-
vival be somewhat slow. but in my opin-
ion IL will be steady. This state OF de-
yelopment assures a stronger founda-
ton for future prosperity"
And this is the declaration of President
j.. F. Downing OF the New England Ma
tional Bank Of Kansas City: I'VE hear
a great deal of the general demoralixa-
agitation. but IT does not seem to have
any very telling effect on this locality"
By way OF epitome OF what bankers
generally throughout the country are ad-
vising. the following presents the view Of
James B. Forgan OF Chicago. head OF the
greatest bank in America outside Of New
York: While on account of the presi-
ness activity especially along the line
of new developmenO Ia to be anticipated
in 1912. there are grounds for expecting
a satisfactory years business"
For 1912 the New Year ought to be n
Happy New Year-those who are most
conservative tthongh some OF them mako
faces at politics. subscribe to the views
80 succinctly declared by Edward Earl:
Business conditions are improving every
day.. We are over the hill. do not look
for anything in 1872 but increased bust.
ness every month
Evening star. [volume] (Washington, D.C.) 1854-1972, 1911-12-31
DRY GOODS MARKET.

NEW YORK, December 30.-The cot
ton goods markets closed quiet and f1rm
Mapped cotton will be opened promptly
after the turn of the year. Linens are
firm. Burlaps are steady. Yarns are
frmer with inquiry.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1911-12-31
METAL MARKETS.

NEW YORK, December 30.-The metal
markets were dull and nominal in the
absence Of excl anges. Lake copper, 14Aa
14h; electr0lytic, 14Aa14%, and casting,
13Aa14. Tin, 44.65a44.90. Lead, 4.40a4.50.
625a6.3 5 ? Anthony. Cookson's,
IT'S Iron unchanged.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1911-12-31

business centers, except New York city.
and even that Respondent metropolis be-
gins to sit up and take notice. l see
no reason for encouragement regarding
the business outlook. Doubtless the
volume Of business throughout the coun-
try is somewhat less than in 1910, but
fundamental conditions seem to me good.
For some time merchants have been
buying from hand to mouth: manufacture
ers are not Overstocked: the iron and
steel trade. the unfailing barometer, Is
apparently experiencing a revival. Fair
crops have been harvested, and in the
case Of cotton an unusually large one.
Railroad earnings are showing an in
crease and if the uncertainties Of legis-
lation were removed and the attitude Of
the next administration toward big bust
ness known. 1 should expect the country
to enter upon an era of prosperity such
as it never before enjoyed. We may
have to wait a year for il, but it is bound
to come. In the meantime less pessimfs-
tic talk by representatives of business in
terests would do some good
Evening star. [volume] (Washington, D.C.) 1854-1972, 1911-12-31

Among New England Inanu1aCturefS
over a score recorded virtually the same
sentence as is herewith quoted from Vice
President r. NJ. Benham Of the First Ma
tional Bank Of Bridgeport, Conn.,, whose
statement is:
bridgeport is essentially a manufac-
turing city, and as far as I am able to
Judge from observation and direct in
terest there is no reason for pessimistic
calamity bowling such as We are wont
to hear from certain individuals and oc-
casionally from the press. Our indus
tries are very numerous and their scope
very wide Many Of our factories are
working overtime. and their pay rolls are
steadily increasing, and everything seems
to point to a bright future. If the pow
ers that be in politics can be induced to
continue their present somewhat modifie
attitude toward organized capital and ap-
ply it moderately and only where needed,
nothing can stop the onward march of
the great industrial movement in this
country"
Much this same spirit rules throughout
New England, letters from Providence.
Fall River, Worcester and Hartford-and
the authorities including the presidents of
three trust companies at Boston-agreeing
virtually in the same language which is
used by Vice President c. c. Barlow OF
the Yale National Bank Of New Haven:
81 think banks generally are OF the
opinion that 1912 will be a good year. The
belief that the presidential election pre-
vents commercial activity is largely a
bugaboo. Trade demands have for a
long time lain dormant, but they are now
reviving somewhat. The coming year
will probably be one Of steady and active
demand for money from all sources"
At Binghamton, similarly an industrial
center, there is recorded like inspiring
record. w. A. Lester of the Peoples
Bank writing:
Reports which reach us are most en-
couraging. Clearing house records show
an increase each month over the CORE
spending month of previous year. Indus
tries are working at full time and are
employing more men than they have for
a long time. The present year will round
out satisfactorily, and the future looks
encouraging"
At Syracuse the situation is just this as
judged by Mr.. Anthony Lamb of the
Commercial National Bank:
Judging from conditions in this city
and vicinity and reports We set from