davidaulloa/AmericanStories huggingface dataset:
Gunnison news-champion., 1912-01-26
erve EVERY oov 4 s4oreuN.

Differing from Mr.. Carnegie. who
would have every man Law down his
rife forever, Sir Gilbert Parker. the
Canadian author, would put q rife
into the hands Of every boy. IF /
had the power 1 would enact nation
al service he writes: shat is. the
training Of every boy before he en-
tiers upon the battle of life. or at
the beginning Of that battle. to bear
arrns IN defence of his country. ufh
its consequent physical and mof.l
sdvantaees-"-From the strand
Gunnison news-champion., 1912-01-26
CHURCH NOTICES

n. E. Chsvch. Ssaday, Jan. 2lth.
1850 .. m. Ssndsy School
1000 .. N. Noswsl class.
1000 .. IN. Alpha Adult Bible
Clsss.
HOO .. n. Morning service and
woVrhip.
500 p. n. Junior League.
6:O p -. Epworth Lsa4Ss.
7:30 p. m. EveAinG servic~.
Wsnted-whistlers for the whistl-
ing chorus.
Tabernacle Presbyterian Church,
Rev. ". O. Mcconnell minister.
PreechiAs services st lO:A5 q. N,
theme: The StsmblinG Block"
7:3O Mssical by chorss of church.
Ssaday School Ut IL m.
Christisn Endesvor ct $50 p. m.
Leader, Mr.. Mast.
Gunnison news-champion., 1912-01-26
0suu6 kss1w ~

Feeder bso~eht the secord price
Of % per hsndred at the Sseck Show
ssle lsss week. Potter Hopsey oi
Lewis. Iowa, psid that price for The
Monte Blevins' grand champion losd
Of twenty sseen. The Dext besa
price wae e7so. which Hopley paid
for the load Of twenty sent in By
Allen Csrnahan Of Elbert.
The show drew thossande Of
visitors from all sections Of the
West Gsnnison cosnty VS. veil
represented
Gunnison news-champion., 1912-01-26
DsAaso~os oecom,ne seAaee

Two explanations of the advancing
prices of diamonds are given. First
the syndicate controlling the rough
dlamoad market limits production in
order to increase its profits. Second,
the yield Of the diamond mines, as q
whole, is decreasing; the Kimberly
nine = virtually exhausted of the
best stones. These explanations are
given according to the respective
vlewPoi.t Of the parties Who offer
them.
Gunnison news-champion., 1912-01-26

Ira Brown left on a trip through
the southwest.
Twenty eight men were employed
at tie Aberdeea qsarries getting out
granite for the capitol building.
". A. Gillaspey returned from
Omaha With ninty lead Of beef
caetle
Mise Edith Walter, q sister Of
Mn. F. @. Zsgelder, died at Aber-
desn.
Gunnison news-champion., 1912-01-26

Word eaoe TO News- Chsnpioa
Monday froa J. r Pesrsoa. Of Pitkin,
that he 10 iapsovine in health cad
will semain in California sntil NAY
rAe Peersons have qssvtess ss the
Iris apartneats in San Diego.
Gunnison news-champion., 1912-01-26

II Poets Wife-My husAsnA
reed this poem at q public celebss-
tion before thousands Of people.
Alas! 1t was the last poem he ever
wrote.
The Editor-l see. Did they lyncA
him or shoot him.
Gunnison news-champion., 1912-01-26

Following is the program for the
musical q Presbyterian Church
Sssday evening at 7:30. All are
cordially invited TO attend this ser
vice:
Hymn l2S The Grace of God in Christ
Responsive Scripture Reading. Sci. 81.
Anthem Praise the Lord"
Qsartette Then Shall Understand
Mrs. ". G. Mcconnell, Miss Alta
Adama, Messrs. Gavette.
Solo ABIDE With Me-
.........M Miss Margaret Morris.
Male Double Quartette Come Spirit
Come"
Address BY pastor Music in the
Church
Anthem s.Seek We the Lord
-. Incidental solo by X. H. Foeg.
Trio from Orstorio, Emmanuel
Mrs. Mary Lawrence. Mrs. ". A.
Franks Miss Margaret Morris.
Solo Fear Not fe, o Israel"
Prof. ". A. Franks.
Chorus Blessed be His Name" wilson.
The Holt County sentinel., 1912-10-11

Mrs. Hattie Mitchell, Drake
University, hes Moines, la.
500 Sectional meetings.
High School Section Library.
Conductor-W. VI. Westbrook,
prin. Maryville High school.
High School Activities:
(a) Athletics:
a. Their Use and Control
T.. NJ. Brooks. Sup,. Of Ian.
caster Public Schools.
o. Should Football be Played
by the High SchoolY
...............W. u. Lowry,
Supt. Of Hopkins schools.
(b) Literary and Debating SO!
cieties. ...........J. &. Cooley,
Supt. Tarkio Public Schools.
tcl Glass Organilat Ions ........
II. II. IIankins. Sup,. Buriing-
ton Junction Public Schools.
ID Entertainments and School
Papers .......C. r. Daugherty,
Supt. Of Albany Public schools.
Discussion. .,....Dr. W. W. Charters
Grade Sect Normal Audi
forum.
Conducior-Mrs. Sallie V. Gre
by, Supt. Of Atchison County.
Consolidation Of Schools:
(a Importance Of Consolida-
tion.............C Clyde Busby,
SUPP, Skidmore Public schools.
Do How Secure Csnsolidat iony
..........,....M Miss lnez Florea
Discussion ........rres. II, X. Taylor
The Value and Practicability Of the
Rural High school. ...........
4. &. duncan, prin. Darling
ton Public schools.
EVENING SESSION.
7:W-liecept ion--Given by the fac
ulty Of the Northwest Normal
The Holt County sentinel., 1912-10-11

Atcliison. Holt. Andrew. Gentry,
Worth and Nodaway counties. extend
our greetings" to the teachers OF
these counties. You will find before.
hand the program that We have pre-
pared for the Joint educational meet
ing, November ~, 1912. We have
endeavored to make this program
practical. helpful and interesting and
believe you viii lind 1t SO, Come
with the expectation of being helped
and also Of helping others and this
will he an educational meeting that
will long be remembered because of the
good that u viii have done. Read
the program, also notes carefully.
Mis-. SALLiE V. GREBy,
MHs. Cora EARLY,
EARL \. Rock,
LESLIE NJ. DOBBs.
CuAs. II. ALLES,
", NJ. OAKEnsoN,
County Superinte ndents.
Grapes for sale IN quantities to
suit the purchaser, 10y Mrs. NJ.
| SpOrrli
The Holt County sentinel., 1912-10-11

school.
SATURDAY, NOVEMBER ..
Chairman-w. NJ. Oakerson, Supt. Of
Nodaway County.
FORENOON SESSION.
o:l5--Devotional. ..................
Conducted by Elder CD. Miller
Musical Program.
1000 Lecture Vocational Guidance"
Dr. J. adams PulTer, BOSTON,
Mass.
li1- Lecture. Hon. VIM. i. Evans,
state Supt. OF Public lnstruc.
ton.
AFTERNOON SESSION.
l:.n Musical Program furnished by
Miss Alma Nasl's Juvenile
Mandolin Orchestra.
Dr. Frank NJ. McMurry, Teacli-
ers' College, Columbia Cniyers.
ity, New York.
3:U-Dist ribut ion of prizes for Noda.
way County Agricultural and
Domestic Science Associat ion.
GREETING.
We, the county superintendent of
The Holt County sentinel., 1912-10-11
Americas Greatest Weekly
THE
Toledo Blade
TOLEDO, OHIO.
The Best Known Newspaper in the
United States
Circulation 100000
Popular in Every State
No Whiskey Advertising

The scvent y eighth year ~ Its existence
finds the Toledo Nladc more popular
titan at amy period during It's long uIid sue
cessful career. II II read each year by more
than u million people. The Shades Held H.
territory IN the United states, thereby Civ
ing II All Internationally right Of claiming Ia
he the greatest national weekly newspaper
published IN America.
The Weekly Rlade II distinctly q family
newspaper. The one object 81 Its publishers
has always been 10 make u NJ Tor the Amerl-
can home. for the hreslde. and % interest to
every member ~ the family. To fulhll this
purpose II 10 kept clean and wholesome. The
news az the world IL handled In IA compre'
hensive manner, and the various depart
ments ~ The Rlnde are edited with painstak-
ting care. The Household page Is u delight Ia
the women and children; current affairs are
treated editOrially without prejudice; the
serial stories IRE selected with the Idea Of
pleasing the greatest number ~ rctiOn low
ers; the Question Burenu Is q scrapbOok Ofi In
formation; the Farmstead columns are con
Quoted with the purpose of giving the pat.
rous medium for the exchange Of ideas and
information ON farm topics. No department
II neglected. hut every feature IN taken
care 81 with the idea of making The Blade
worth many times the price Of subscrip
ton one dollar u year.
sample copies mailed free. Address,
the BLADE,
Tslsds. ohls.
The Holt County sentinel., 1912-10-11
r.. @. BE NT0N,
OREGON MO.
(political Advertisement

Democratic Ticket.
For Representative In Congress,
Fourth Congressional District:
CHARLES +. BOOIIER,
Savannah. Mo.
For State Senator, Third Scnat oral
District:
FRANCIS NJ. WILSON,
Platte city, Mo.
For Member Of House of Representa-.
tives:
GEORGE W. CLICK.
Mound City, Mo,
For Judge County Court, First IBIS.
trict:
u. c. STALLARD,
Forest City, Mo.
For Judge County Court, Second Dis
trict:
NJ. l.. NORMAN,
Mound City, Mo.
For Prosecuting Attorney:
DON NJ. HUNT,
Oregon.
For Sheriff:
JOHN GRESHAM.
Bigelow.
For County Assessor;
HENRY DELONG,
Crazy.
For County Treasurer:
j. II. FICKES,
Maitland.
For County Surveyor:
JOSEPH =. GARRETT,
Mound City.
For Public Administrator:
r. G. BENTON,
Oregon.
| For Coroner:
g. w. MUTE,
Maitland.
The Holt County sentinel., 1912-10-11
the BLADE,
Teleds. 0hlO.

My alfalfa seed Is recleaned, free
from weed seed and ready. for sale, a.
cheap as can he bought any where.
Have standard scales here.
Both Phones. w. j. FIELD.
The Holt County sentinel., 1912-10-11
Property for Sale!

No Consists OF 10y mile southwest from lin
splendid dwelling
and outbudngs
best roads leading into the city. Price. $1,000.
No Is little farm 81 II eeh oneaf mile northeast Of Forest
buildings dwelling
1910 smoke house and chicken houses good well Of water and
cisterns. Price, 300
Rclvle,
No H. Isl splendid Holt Of all
Guodt crib
and
and peach orchard. Two miles from railroad
The Holt County sentinel., 1912-10-11
FARMS FOR SALE!

No FOR SALE-so City 81 mies
cellar wells houses good barn 3Ix4 feet crib IN
and alfalfa meadow About timbered clover
ke imothy under hog fence balance barhed wires
In cultivation Price 5000
FOR SALEl+5 81 miles from Mound CITY miles from
cellar good wells fair horses crib attached
Small
fenced About
timber balance In cultivation Price, $500
FOR SALE-4O miles from Forest City 5roon
WELL small
crib orchard bluegrass Timothy and
Land fenced oHtig acres tm6e balance In grass and cultivation
NoA FOR SALE OR ENCHA NGEo mile from cit linn
halls and cellar under house basement
stone smoke house chicken house hoy sheds etc Most kinds OF fruit
good bottom In school districts
consider
section Of cheap land OF first
FOR SALE-laO smoke house. chicken
1000 bushels capacy
Nice
orchard Peach orchard Of 80 Fenced
fields and pasure 10 meadow
This and
preciated Price for short time only, $4,000
merchandise live liver!
what
resuts o phone,
A. w. GOTTEN,
OREGON, Both Phones, ,2+, MISSOURI
The Holt County sentinel., 1912-10-11

DIR. Whitsell, eye and ear special.
list; &c corner 9Th and Edmond, st.
Joseph. Both Phones, 9tS.
The Holt County sentinel., 1912-10-11
TEACHERS ASSOCIATION.
Atchison. Andrew, Holt, Gentry
Worth, and Nodaway
Counties,
Northwest Normal Building, Mary.
vile, Mo-, November =,
9, 1912.

NOTES.
I. This Is the regular three days
fall association provided BY section
1884 Of the Missouri school law.
.. Headquarters will he located at
the Linville hotel. When you arrive
In Maryville, come directly to the
Linville hotel unless you have already
secured board and lodging. In that
case have the bus take you directly
to your boarding place. Hotel rates
will be from ~ to - per day. PR.
vate board Al to $40 per day.
Those desiring reservations made
write w. N. Oakerson, Supt, Of Nod.
away county, Maryville. Mo-, or the
hotels.
;. Lunches will be served at fhe
Normal building at the noon hour for
those who desire to buy lunch there
and save returning to their boarding
places.
I. All sessions Of the association
will be held In the Normal school
building.
THURSDAY, NOVEMBER :. 1912.
Chriiman- II. Allen, Supt. OF
Gentry county.
FORENOON.
9..,O.-Devot ional exercises. ..........
conducted by Rev. Lee IIarrell
Musical program. ..............
.............. Normal Chorus
directed by Prof. T.. y. Landon.
lO:OO-Welcome address .............
............ Pres. II. X. Taylor
Response NEUTRALITY-SUSPICIOUS..
Leslie NJ Dobbs. Supt. Andrew
Go.
100 Addres>. .,.......,.,.......
Dr. Herman T.. lcarsc. Kansas
City. Mo.
AFTERNOON.
l:.D-bpening exercises. .............
Given by the Maryville Public
Schools.
2OO-Lecture. DR.. Herman y. rearsc
800 Sectional meetings:
High school section Library.
Conductor-C. \. Hawkins,
Supt. Maryvil!e Public Schools.
The High School Curriculum:
(a) Its Aimy ...................
Chas. l.. Moslcy. Supt. stan.
berry Public schools.
(b) should II Be StandardizedY
II. j. Spokesman, Supt. Rock
port Public schools.
(c) Intensive or Extensivey. 49,.
J. 4. Crosen. Supt. Mound city
Public schools.
Id Elective or Fixedy .........
A. u. Cooper. Supt. Grant City
Public schools.
(e) Tie Old and the New Dues.
tionablesY. ...........
Geo. +. Nardin. Supt. Savan.
nah Public schools.
Grade Section Normal Audi.
forum.
Conductor. Ira Richardson
Dept Pedagogy. Maryville
State Normal.
Classification In Rural Schools;
(a) BASIS of Classillcat ion. .....
...............M Miss Hess Burch
(b) How Dispose Of the lrregu.
lar PupilY, Mrs. A. NJ. Laird
Function Of and Method In the
Teaching Of Grammar:
Miss Fannie Hope, Maryville
State Normal.
The Holt County sentinel., 1912-10-11

Meals Magazine J d: .;ts d xn s:;s:'
In the matter of dress, McCall's is indispensable
to every woman. There over 50 Of the newest
designs Of celebrated Mccall Patterns in each ISSUE
Each month 100000 copies Of McCalIs
bmfu Of ates, fashions, fancy work, interesting short
stories, and scores Of labor-savng and money ideas
The Holt County sentinel., 1912-10-11
ALL FOR
ONLY
$1.5O
McCall's Magazine..one year
THE sENTINEL....one year
Any 16.Cent McCall Pattern

Don't Miss This Extraordinary Offer
We take pleasure in offering our friends this en-
ceptional opportunity.
BY special advertising arrangement with the pub
fishers Of NlcCalls we are able to offer you this
wellknown popular Home and Fashion Journal
together with our own paper for only few cents
Imperial Valley press., 1912-11-23
y. l.. TraNerS
PIONEER CONTRACTOR 4 BUILDER
OFFICE IN e. cehTao HOTEL sLoo.
NOTICE FOH PUBLICATION
mot Coal LANDAU

sNVt SOaI Lands.)
In the United States Land Office Ios
z1ng; Az1nngeies; California, October Is, 1912
EE ,Hso,i PAciFIS . 4 II SxILhcAD '0sS coMFANT. FAM
mas Med in this office it's application 10
seiect under the provisions of the act
or ConErsss EI.s approved June 4. 1897 $50
aaRPToved March 3. 1905 tss stss sss
nsSD:, sm the .ffl fofi1owing dsseribed LANDS.
EM of NEs, Section Ht NM4 y tx sesfisn of sns; g;
SECTION 6, and NW4 Of sw4. Section
r. e. " s g. g. n serisi SsftsSn Non & s,ss,7
sE1 E ! Of 4 NV; .s;s seetien 5: = s; 4. s
Serial No. olss1.; s. sE4 s Of Fl; swx. s 3: s.s y:
No. Non cissIo as ! Is SER 81 E. 81 B. ssrisl
9lsss1 SEW Of % Nwk, Z s. Section ssaial q, Ne. Z.
ofsSss Nsn e. a. s; WI b NJ s..;; Serial Nc.
9seS2s; NWH Of NWA. section 80, Z.
swEz sS 81 X; K, sE, r., S: B. NJ Serial No: o1sS24:
E.. S; 3. NJ. Serial No. o1ss25: Il NV
Hf 3 sWA' Section %. .; 1s s.. 4. r.. )
sE4 81 Section se5 ! ao Nc; q q oles2s; e NE4 q
n. serial No. % S1esa7: s sEx Of f. NEE 3 ?.
sseiaP ssctiGn Ns &c. o1seJs T IS s., +; s. E. s. B. 4.
al No. oI662s: NWK Of MEX. Section
SO, 7. 16 s., R. E., S. B. N. Serial
\ No. g e1S6a9; sWA of seq, Section Is
0I6631: SEX of SEA, Section IL. n
dS g; r; E.. s.: B. N. Serial No.
geeoSSz; NE Of Sc Y, section IS, r
70 g. r. E., S. B. N. Serial No.
0d6S33; NWk of SWA, Section 20. +.
16 s., r. E., s. B. M.
versely the lands described. or anv n,
them, or desiring to object because Of
the mineral character Of the lands, or
any OF them, or for any other reason
70 tne d1sposal to applicant, should file
their affdavits Of protest in this Office
on or before the 30th day of November
~ FRANK BUREN, Register.
Imperial Valley press., 1912-11-23
NOTICE FOR PUBLICATION
(NOt Coal Landsl

In the United States Land Office. Ios
AAnngsies, Ang, California, October 10, 1912:
NOTICE is hereby given { at SANTA
re PAClFlC RAILROAD COMPANY.
through Nat r. Titus, IL attorney in r.
mas hled in this office it's application to
seiect under the provisions of the act
OF congress approved June 4, 1897 $50
stat, 1855, and the act of Congress
approved March 8. 1905 (33 Stat. i2s41'
the following described lands, nameIy.
ton 29; NEA of SEA and SEk OF
y Eh, Section 80, T. II s., r. e.. San
B,ernardino Meridian. Serial No.
Ui65Io: NEA of NEA, Section 80. and
Il or seq and SEA of NEK, Section
~. r IL S.. r. 8 E., San Bernardino
NJ Meridian. Serial No. O16571: WIZ Of
NV section 20; S z of SW 4, sec
fion d;no II; ,1.; T: II s., r; s E., San Bernar-
NEA of SWA and EA of NWA, Sec
tlon II; SEA of SWA, Section s. T, II
s. X E., San BernardinC Meridian.
Any and all persons claiming adj
vefsely the lands described, or any Of
them, or desiring to object because of
the mineral character of he lands. or
any Of them, or for any other reason
TO the disposal to applicant, should
hle their affidavits of protest In This
November, 1912. =
FRANK BUREN. Register.
New. 80
Imperial Valley press., 1912-11-23
NOTICE FOR PUBLICATION

Not Coal Lands.-Serial No. O6625.)
Department of the Interior, United
states Land office at Los Angeles, Cal,
given that LILLE II. GRAY, of Seeley.
Cal, who on June Is. 1910 made Desert
Land Entry No. 06625, for NEA SEA
E1e NEA, Section s, Township 16 s.,
Range IL E., S. B. Meridian. has filed
notice of intention to make final proof
to establish claim to the land above
perior Court Of Imperial County, at Ell
Centro, California, on the 11th day of
December, 1912.
Claimant names as witnesses: Ben
jamin F. Mcdonald, Anton F. Gerdes.
Grover c. Gray all of Seeley, Cal; John
r. Collins of Dixieland. Cal
FRANK BUREN, Register.
Imperial Valley press., 1912-11-23
lMPERT|NENCE OF CARNEGIE
MEETS BUT LITTLE FAVOR

WASHINGTON Nov. 23.-Speakel
sentatives, discussing the Carnegie
pension for ex-presidents, said: IT dc
not think the action of the Carnegie
corporation is of any consequence one
way or the other"
Senator McCumber of North Dakota
II am very glad MI. Carnegie has seen
nj to make the provision, although ]
think it would be better for the gov
eminent to provide for ex-presidents
than to let individuals or corporations
do it. The ex-president has TO keep up
a certain dignity and is called upon to
do much for the public. Some Of our
ex-presidents have had barely enough
TO keep their heads above the water.
I have a bill in congress to provide
$4,000 year for ex-presidents as re-
tired army officers. Having been COM
mander in chief of the army and the
navy, an ex-president should get $10,-
600. l think that would be better than
to have him accept pension from an
Individual Or corporation. l am op-
posed to the idea of civil pensions, but
we could give the eX-president one as
retired commander in chief of the army
and navy"
Senator Hoke Smith of Georgia: 1T
is impudent in the highest degree and
should be resented"
Senator Reed Smoot of Utah: There
will be very few ex-presiderts who
would accept such a pension. why
in
service done. but 1 cannot approve of
one given in the way that the Carnegie
corporation offers this one. There IS
no reason why a pension given by an
individual or a corporation should be
accepted by ain ex-president."
Senator Gore of Oklahoma: Il think
what Cleveland remarked about taking
care of ex-presidents is right. He said
that we should treat eX-presidents as
we treat other people. 1 doubt the
wisdom of the proposed pension. l
think the example would be more ener-
waiting than stimulating, but as 1 do
not expect to be an eX-president 1
look upon the proposition with indif-
ference"
Henry George of New York: Il dom.
think il ought to be accepted. The
United States should not allow ex
Presidents to take funds that have been
made by corporations. Congress should
provide for ex-presidents. At the next
session of congress we ought to pass a
bill providing funds for eX-presidents
Why not, for the good and dignity of
our country and the public welfare?
such things are done in England"
Imperial Valley press., 1912-11-23
4-O..r
NOTICE OF CONTEST
tFOr Publication,

'FoF
Department of the Interior. United
lf9rnia, T9 MAJ, Moyember Nl9 IS; 1912,
California, Contestee:
You are hereby notified that
GEORGE r., GooDELI.. who gives Ma
address. did on Sept 80. 1912, file in
this office his duly corroborated appli-
cauon to contest and secure the can
ceilation of your homestead. entry No.
9244O; made March 8. 1911, for NV.
Z NE Z, $. L NE. j. Ne 4 Sc. L.
SECTION sc 81 town1s;hiip IS So, range 10
Tor his contest he alleges that said
entryman has never resided upon said
land and has wholly abandoned it for
a period of over six months last past.
You are, therefore. further notified
that the said allegations will be taken
BY This office as having been confessed
Cancelled hereunder without YOUR sur-
ther right to be heard therein. either
before this office or on appeal, if you
fail TO tlle in this office within twenty
days after the FOURTH publication 81
this notice. as shown below. your an
sWer, under oath, specifically meeting
Of contest, or If you fail within that
time to file in this office due proof
that you have served a copy of your
answer on the said contestant either
in person or by registered mail IF
this service is made by the delivery
or a copy of your answer to the con
tCoLdht III pCl sun, DIOOt OF SuCn service
must be either the said contestants
written acknowledgment of his receipt
or the copy, showing the date of its
receipt, or the affidavit of the person
by whom the delivery was made stat
ing when and where the COPY was
delivered; If made by registered mail.
proof of such service must consist of
the affidavit of the person by whom
the copy was mailed stating when and
the postoffice to which it was mailed.
and this affidavit must be accompanied
by the postmaster's receipt for the let :
ter.
You should state in your answer the
name of the postoffice to which you
desire future motto to be sent to YOU.
FRANK BUREN, Register
o. r. w. ROBINSON. Receiver.
Imperial Valley Press, Ell Centre, Cal
Date of first publication, Nov. IS
Date of second publication, Nov. 25,
Date of third publication, Dec. >
Date of fourth publication, Dec 9
I 1912.
Imperial Valley press., 1912-11-23
BAR MONEY TRUST FROM MAILS

WASHINGTON, Nov. 23.-Intendin g
TO deal an effective blow against the
money trust, the house committee on
banking and currency will recommend
that all clearing house associations and
stock exchanges shall be denied the
use of the mails under the postal laws
and the Sherman anti-trugt law, until
they can be brought under federal
supervision and regulation similar to
national banks.
Samuel Untermeyer, counsel for the
committee, is drafting the federal law.
II is to be presented to congress early
at the approaching session. Before It
is introduced, however, the committee
will report that all clearing houses and
stock exchanges are violating the anti
trust laws and are not entitled to the
use of the mails. Under a recent law
this would bar them from use of the
telegraph and telephone.
Not being incorporated, these con-
Germs are not liable for damages, ex-
law unto themselves.
BY their own dictum they can make
or recall loans, sell or refuse to offer
for sale securities, expand or contract
business by credits, make or unmake
individuals.
1t is held that stock exchanges can
FIX arbitrarily prices of stocks and dis
seminate information justifying mar
ket prices without liability or censor
ship as to veracity.
If it is the vote of directors, who
may be interested parties, stocks may
be listed for sale or may be rejected
and SO discountenanced.
No individual responsibility attaches
to the vote. Business concerns can be
built or wrecked on the decision of the
stock exchange.
Similar conditions obtain with the
clearing house association.
A few bankers, members of the as
sociation, can force the call Of loans.
deny credits or extensions of loans, as
sist or embarrass banks, favor or
wreck financial institutions subsidiary
TO banks and control business activi
ties through expansion or contraction
of currency
These evils were pointed out by
Judge Edgar H. Farrar of counsel to
the committee. He said that Mr.. I'm
termeyer, his associate counsel, and
members of the committee were in har-
mony with this view of the financial
situation. He has urged federal con-
troll of the clearing houses and ex-
changes as remedy
The proposed law would bring un-
der it's jurisdiction all clearing house
associations in the United States, stock
exchanges, cotton exchanges, produce
exchanges and the coffee exchange In
New York.