Bismarck daily tribune. [volume] (Bismarck, Dakota [N.D.]) 1881-1916, 1912-10-15
M1si GOSSIP floa NATIONAL CAPITOL
IL serious injury to the human


doing serious injury to the human
body.
Tho only real cure consists Of the
combinatpn Of rrcsh atr, good food,
and rest, taken under the direction
Of q competent physician.
The emergency issue Of United
States bank notes to the astounding
amount Of moro than $500, O0O, 900,
provided for by Congress in 1908, fol.
lowing the great panic Of 1907. is now
being circulated, and no more OF the
old style bank notes are being en-,
graved or printed.
The new notes have now Deen in
circulation for some time, although
this fact has not been generally
known by the public, simply because
the new notes differ 20 slightly from
the old ones in appearance. All ma
tlonal banks are now issuing this
emergency currency, which is secured
by United States bonds and other
securities approved by the Secretary
Of the Treasury. The utilization OF
this currprc' hos saved the govern.
mt many thousands Of dollers, for
had 1t U.sA Au...u.u sull to retain the
issue, additional issues Of bank notes
would necessarily have had TO be pro.
vided. liza
1t worthy t note that tho bank
notes formerly sent to national banks
for circulation were issued only on
United states bonds; but the notes
now being sent out and used by the
national banks may be issued on 9th.
er securities, provided those securi.
ties have been approved by the Sec
relary Of the Treasury.
This act was designed to give re.
lief to locations where panic condi.
tons prevail, but up to the present,
according to treasury officials, none
Of the notes have been issued on 9TH
er than United States bonds, because
the Secretary of the Treasury has
not thought that conditions warranted
such a move.
The new bank notes are now the
only ones issued by the treasury, and
ire the same as the old notes, ex,
cept that they bear a printed notice
that they are secured by United
StateS bonds, or other bonds. The
old notes mentioned only United
States bonds. ;
Under the provisions Of the act OF
1908 only $685. 900, 900 of this class o.
bank notes can be in circulation at
any one time; but more than $780,.
10000 worth of those notes have
been issued, /? great NUMBER of them
having been redeemed and retired.
The new bank. notes are every hi;
as good as the old notes, because
even II they were issueG on bonds
other than United States bonds, rs
allowed under the law, ample safe
guards y thrown around them. No
bank is allowed to have outstanding
more notes of any description than
the amount Of Its unimpa:red capital
and surplus.
The national bank notes which are
now the only notes issued, are print.
ed by Director Joseph Ralph, at the
U. 8. Bureau Of Engraving and Print.
Ing, Just 40 are other notes. 1t was
Iimpracticable to continue the issue OF
the old bank notes. as Wen as the
new ones, as the printing of notes
for each national bank requires a sep.
arate plate.
Under the position taken by the
Secretary Of the Treasury up to this
present all of tho new notes in cir
culation are secured just as the old
Qrao y,nyso-hv TYNIknl C<n Sou , h4,oxS
only. Several requests have come to
him to permit the issue Of the notes
on other than United States bonds
in certain localities, but ne hasn't
thought the necessity great enough,
and has consistently refused all such
requests, rs he is authorized by law.
There Is every possibility that be-
fore long the developments Of the
Clapp campaign funds investigating
committee may overshadow even tine
shrieking, clustering "invasions" OF
the Bull Moose, for, as was rruthfully
forecasted In these dispatches, the
probe Is being forced deepry into the
memories Of the convenient forget
tories Of C~ortelyou and others. The
list Of names of men who are to ap.
near before the senatorial committee
is being added to every day, and In
cludes men distinguished in finance,
manufactures, ETC., such as E. r.
~Stotesbury, Roger Sullivan, Josiah
Quincy, Medill Mccormick, and Nat
han Folwell. OF course, o that Il
has PANIED out that Crane has forked
over $4,000 each to the Wilson and
LaF0llette campaigns, Gov. Wilson
who is stoutly opposed 10 contribu.
tons of more than $4,000, will SEND
Cranes donation" right back.
Folks appear to forget that all this
.rlmpus about campaign contributions
hits all parties alike, that they are
Eone and all III the sauae 1oat, &anc
that If their respective candidates
solely for the 1llypocritcal sake Of ap-
neutrality-suspicious. to accept the
money, their '''nlanagers" will snap aI
1t. They arc all hungry for the ,spoll-
dulieks, just as eager after the dol.
lars today Sas they were IN any OF the
Presidential campaigns tor the past
forty or. fifty years. W, / \,
Senator Dixon Of Montana, is man,
~ about II, for he frankly says that
Ne frankly aays, that ne got an he
could-and he wanted q lot more.
When the htirrah fellows failed him,
and he couldn't think ssOf anyone. elase,
be Just tapped Perkins, OF the Har-
vester Trust::s and when he got into
81 HEht SquaeIe, why he Just tapped