davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1913-06-20

per cent To he held, per cent III 'he
banks vaults, per cent with the ma
tional reserve bank and per cent ei.he'
at home or with the reserve bank "hlle
% reserve and central reserve Guy uaiiN'
will have reserves Of 20 per cent u o
mand liabilities. Of which 10 per cent VIII
be at home. per cent with the reseI'e
bank of the district and per cent elther
at home or with the reserve bank
d. The presumed effect Of this
pIan will be to end the placing OF re-
serves with central reserve city banks
for use in stock market operations, 10
keep reserves in some measure at n'e' .i,r
and to require speculators to 9e. lne
funds they need in the operations
either by directly borrowing them from
persons who hold them and want 10
lend the cash for that purpose or e,Se
by borrowing from the banks IN the
places where the operations are 10 be
carried on.
New-York tribune., 1913-06-20

possibly susceptible to Wall street in
fiuences."
There followed the unexpected con-
ference at the White House on Tues
day night. after Mir. 'Bryan's CONFER
ence with the President in the after
noon. and the bill, as made public TO-
night shows that the objection OF the
Secretary of State was most ehecuNe'
and that he has obtained what VIII
be commonly known as a government
board" wholly without banking lhrlu-
ences or representation.
The secretary to the President sent
New-York tribune., 1913-06-20
Elsberg Criticises Bird.

Nathaniel n f.lsbcrG. Progressive
criticised Francis w. Bird yesterday for
purporting 20 speak for the Progrcsslves
In opposition To Whitman.
Mr.. Elsberg suggested that the names
of as many men who have friends to get
them upon the primary ballot should he
submitted to the Progressives at the
primaries and then the views of the ma
Jority OF the party could be announced
by the representatives of the organiza-
tion. Mr.. Elsberg is strongly for MI
Whitman's nomination. he said
New-York tribune., 1913-06-20
zePPELINs FOR GERMANY ONLY

Friedrichshafen, GERMANY June 10
Count Zeppelin to-day declared that he
was pledged not to accept any foreign
orders for dirigible alrships His com
pany' he said. would construct drigiblcs
only for the German government or for
use I'm Germany
New-York tribune., 1913-06-20
YALE MANS AUTO HURTS GIRL

New Haven. June l9-Theodore T. Da-
Wis, of Austin. Tex. who was graduated
from the. academic department OF Yale
Yesterday, was arrested and held in $1,000
bail to-day by direction OF the Coroner
after his automobile had struck and seri-
ously injured Miss Mary Rcardon, Both
the girls legs are broken.
New-York tribune., 1913-06-20
ADMINISTRATIONS SCHEME
TO CURE CURRENCY EVIL 6

Washington. June l9.-The following d.
gest Of the administration currency Dill
was prepared by Representatives Glass
author Of the measure:
The bill prepared by Representative
Glass. Of Virginia and TO be introduced in
the House as 'sasis Of legislative action
will he gone over in detail for such alter
ations as a majority of the Banking and
Currency Committee may care TO make
l The purpose of the bin is to furnish
comprehensive revision Of the currency
system of the country so as to obtain
three principal objects;
First-Provision of a means for re-
discountine commercial paper OF speci-
fled types.
Second-Provsion Of basis for eias-
tic note issues properly ssfesusrded.
Third-Provision of machinery for
doino foreign banking business.
In order 10 accomplish these purposes
fully il is necessary TO repeal certain por-
lions of existing law; TO rectify various
conditions in the present national banking
system. which are in some cases only IN
directly connected with the OBJECTS
sought: TO furnish new class OF insutu-
tlons for the performance OF some iunc-
tions which cannot well be intrusted 10
existing banks, or. at all events. can bet
tor he performed by others, and to alter
the present reserve system TO a very ma
terial degree.
The scope of the bill can best be under
stood by an analytical review Of It's con-
tents.
Present Situation.
The present banking situation in the
r.ni,ed States rests on the national bank
act proper, as slightly modified from
time TO time. and on 1.-The so-calied
Aldrich-Vreeland act (act Of May go lSoS).
OF these acts the latter Is completely su-
nerseded. on the ground that II has never
become operative, probably will not be-
come operative. except under extreme as
tress and was never satisfactory. Inc
national bank act itself is modified In nu-
merous essential particulars
In a separate measure general reVis-
ion Of the administrative provisions OF
the DdtlOudl DAMN at WIZ - f'N
Fundamental to the idea of the bill IS
the creation Of new class OF banks TO
be known as federal reserve banks the
chief points about which are as follows
The number is to be twelve, win pos
sible increase later. as provided.
The ownership is 10 be in the hands oil
the stockholding banks Of the twelve dis
tricts in which the reserve banks are stu
ated The national banks are compelled
10 be members and state banks and trust
companies are permitted to be members.
The capitalization is TO be 20 per cent
Of the capital Of the stockholding banks,
one-half paid In and one-half subject to
call
The business Of these federal reserve
banks is to be as follows:
Redisoounting of paper presented by
stock holding banks under specified
conditions, provided such paper grows
out Of actual agricultural, commercial
or industrial transactions, and does not
run more than specified number Of
days.
Buying and selling government seeu-
rites, gold and silver bullion, and for
New-York tribune., 1913-06-20
FOREIGN Banking.

In order 20 meet the view so often eN-
pressed in commercial circles to the euec'
that the prosecution Of American business
in foreign countries would he greatly
helped by improved banking facilities 'h'
bin authorizes any national banking as
sociation with minimum capital Of ST.
OoocOo to establish branches in foreign
countries for the furtherance of foreign
commerce OF the United States and TO act
as fiscal agents Of the United States
abroad.
The federal reserve board is required "a
pass upon all applications Of national
banks to establish such banks abroad.
New-York tribune., 1913-06-20
eisn coin. foreign exchange and open.
market bills Of given maturity.
Government fiscal operations.
Issue Of Notes.

Every national bank is allowed to con
inue its note issue exactly as at present,
and in addition federal reserve Treasury
notes are authorized to be issued TO an
amount not exceeding &O0,OO0)0
These notes viii upon application, be
issued 10 the federal reserve banks upon
prime short-time commercial paper and
other liquid collateral While the notes
will, on their faces. purport TO be the OBJ
legations Of the United States. they are
required 10 be secured by a gold reserve
of % l-3 per cent provided by the federal
reserve banks, and are first and para
mount lien on all the assets OF these
banks, and are redeemable in gold on de-
mand at the Treasury Department in the
City of Washington. or at any federal re-
serve bank.
Stringent provisions are made against
counting any Of these notes as a part
Of bank reserves, and the system is
guarded against initiation by lodging
power with the federal reserve board
to exact an interest charge upon Treas.
ury notes in order to insure their
prompt redemption.
The notes are not made legal tender, but
are receivable by the government and
every bank Of the system at par without
exchange. No change is made in the ele-
ments Of protection afforded existing
banknotes.
Government Control.
Overseeing the whole system is created
federal reserve board, consisting Of
seven members, including the Secretary
Of the Treasury, the Secretary of Agri-
culture and the Controller Of the Cur
rency as members eX-oficio. Four other
members are chosen by the President Of
the United States, by and with the adj
vice and consent Of the Senate. for term
Of six years each.
One Of the members thus appointed by
the President is TO be governor of the
federal reserve board, one vice-governor
and one secretary.
(aD Their term of Office is for eight
years except that Of those first appoint
ed, one to serve two years. one four, one
six and one eight years. At least one Of
the members appointed by the President
is to be person of banking experience
Thus it will be noted that the govern
ment will have absolute control of the
system.
The salary of each member Of the board
except the two Cabinet officers, who are
ex-ofiicio members, is fixed at $4,000 the
Controller Of the Currency to receive
s. 90 in addition TO the salary which he
receives under existing law.
The powers OF the federal reserve board
are as follows:
(a) To examine at its discretion the ac-
counts and books OF each federal reserve
bank and to require such statements and
reports as II deems necessary.
(b) To require, or on application to per-
nit. federal reserve bank TO rediscount
the paper OF any other federal reserve
bank.
(c) To establish each week. or as much
oftener as required a rate of discount
which shall be mandatory upon each fed
eral reserve bank and for each class of
paper. provided that said rate of discount
need not be uniform for ali federal re-
New-York tribune., 1913-06-20

serve banks but shall be made Win a
view 10 accommodating the commerce Vi
the country and promoting stable prize
level.
CD To suspend for A period not eNceeu-
ing thirty days (and to renew such sus-
pension for periods not to exceed hiteen
davs) any and every reserve requirement
specified in this act.
(e) To supervise and regulate the issue
of treasury notes TO federal reserve banks
20 To add TO the number OF cities clas-
sifed as reserva and central reserve cities
under existing law i'm which nauonal
banking associations are subject to the
reserve requirements set forth in the act
or TO reclassify existing reserve and CEN
trdl reserve cities and TO designate the
banks therein situated as country banks
at its discretion
(c) To require the removal OF oihcials
of ccderal reserve banks for incompetehc!'
dcrelction Of duty. fraud or deceit.
h To require the writing on of doubt
ful or worthless assets upon the books
and balance sheets of federal reserve
banks.
ID To suspend the further operations
of any federal reserve bank and appoint
receiver therefor
% To perform the duties functions OF
services specified or implied in the act
New-York tribune., 1913-06-20

In the belief that the present reserve
system is antiquated and unsatisfactory,
that the massing Of funds In New York
and other financial centres OF which so
much has been said I'm recent years, is
largely due 10 the present reserve re-
ouirements OF national banks, and that
I'm order to get the real benefit
from the system Of rediscount which
has been proposed as remedy for many
existing evils IT Is necessary 10 base such
system upon an actual control OF re-
serves, provision has been made for re-
casting the present bank reserve system.
The plan includes:
]. Transfer OF reserves from existing
national banks in reserve and central re-
serve cities 60 national reserve banks.
.. Spreading out Of this process Of
transfer over period OF thirty-eight
months. I'm order to give az little shock
as possible to market conditions.
3. Ultimately the establishment Of re-
serve system at the end OF the transition
period In which % country banks will
have IL per cent of reserve q. e., 10 per
cent Of total demand liabilities), such 10
The Detroit times., 1913-09-19
CURE FOR DRINK HABIT NO
LONGER An EXPERIMENT


In times gone by, the Drink Habit
was believed incurable. but times have
changed. Today, 1t In durable. There
are many so-called "treatmentg' that
only profess to make positive cures
and others that REALLY DO. IL you
are q man who has become a slave to
liquor why keep on drinking. All
drunkards reach the same goal--noth-
ing In for them In the future but posi-
tive failure az long a. they allow liquor
to get the upper hand.
1t seems almost unbelievable that
man who desires the love and re-
spect of his family and relatives
or who expects his employer to trust
him and advance him toward
higher poSition--should keep right on
drinking when he cannot help but
realise that he likes his glass Of liquor
better and better every day. Why not
begin lettering yourself today! Step
to your telephone now and call Grand
1852 and make an appointment or write
The Gatlin Institute. ISL Woodward
Ave. and help yourself to become the
man you were when you first tasted
liquor. We positively guarantee to
cure you II you are actually ready to
stop. We do not use any dangerous or
poisonous drugs-no hypodermic injec-
tions-and there 10 nothing about our
treatment that will have any bad after
effects In any way. II you are the man
you claim to be. you cannot AFFORD to
wait another day.--Adv.
The Detroit times., 1913-09-19

FALLS DOWN IN
TIGER RECRUITS
Has Furnished the Detroit Club
Six Good Men in as Many
Seasons
SUMMERS, BUSH, VEACH,
MCKEE, DAUSS. BAUMAN
These Six Came From HOOsier
City-NO Player There Worth
$500 Today
Az RALPH L. YONkER

Indianapolis. through It's ball team
In the American Association and Its
residents, has furnished Detroit with
six OF its best players Of the present
and past few seasons. but 1t fell down
miserably this year.
Through the fortune Of the draft.
President Navin Of the Tigers had
the pick of the whole Indianapolis
team for the draft price OF $4,000. but
he couldn't see single member OF
the club who was worth that modest
sum.
The first Tiger to come from In
dianapolis was Eddie Summers. whose
great work a. q pitcher won one pen
nant for Detroit. The Tigers secured
Eddie In 1907.
In 1908 Bush, present star shortstop
of the club. was purchased outright
from the Indians for players and cash.
Bush has been worth many thousands
of dollars to the Tigers.
For some time after the purchase OF
Bush, the Indians failed to furnish the
Tigers with any stars. Then they
sent the pick Of last years club,
Bobby Veach, who has been holding
down left field for the Tigers since
ne came here the latter part OF last
| season.
Red" Mckee, Tiger catcher, play
ed at indianapolis before he was Sc
cured through the draft by the Tigers
last fall. He has been the Tigers
second-string catcher most Of the
present season.
Besides these players from the In
dianapolis team, the Tigers have
Dauss and Bauman. pitcher and sec
ond baseman. both OF whom make
their home at Indianapolis. Bush no,
only came from the Indianapolis cluf
but IL Q resident of that city.
Pitcher Merz Of the Indians was 9
player who WAS considered BY thu
Tigers. They wanted to buy him
some time ago but hardly thought
him worth while at present with II
hurlers on the stan now. The draft
ed player must be given certain trial.
and has certain privileges in the mat
ter Of being transferred to other clubs
In the league at the waiver price tha
make II hardly as profitable to get {
player by draft for $4,000 a. to pur
chase him outright at that price.
The Detroit times., 1913-09-19
WATCHING THE
SCOREBOARD

One man % the Ameplean league
has the Athletics nsmber. sasne be-
lag Mr.. leveRe1s. Of %. Louis. who
held the MacEaen 90 fear seattef-
Cd hats aad shut the1 out.
Levsrsas faanea Baker. Davis
and walsh In the second 1nnlng
and bat ~ men fuceA hlal. The
Athletics were retired In one, two.
three order IN six 20 the siae In
nings.
Desplts this victory 81 The
Browns. the Yankees hang cato
seventh place ~ bsatiaa the White
held Chicago safe. while his team
mates drove Lefty Russell % cover.
Cleveland failed 60 take sdvaa-
tage Of the defeat Of the Athletics.
ssd iost Ia boston.
q. the hattinU rally Tris speaker
drew bat one Mt In four timss -
twice In ave times up.
~ Cobb haa had day. He hsd
a. much trouble hltting Hob Groom
~ did the other Tigers, and failed
10 get q hit out Of four times wp.
The Giants and PAiiiies were Idle
again In ~. Louis and Ptttshurgh
because Of rain. and ~ the days
clip by the Phillies' chance 0f gala
ing On the Giants dwlnd1e.
Joe Tinker drove In the winning
run for the Reds with . dOuble
against Brooklyn. and otherwise
set an example by driving out two
singles.
Pierce held Boston t0 ave hits
In the arst game Of the Cub-Braves
dOuble.header and WOE his wume, >
to O. Hess operated for BestOn IN
the second game asd the score was
reversed.
The Detroit times., 1913-09-19
VANDERBILT FEARS
THE WOLVERINES
Coach Michigan Has Only Five
Veterans Upon Which to
Build Up a Team

NASHVILLE. Tenn. Sept 10
(SpeciaD-With the faces Of only fve
of last seasons regulars appearing
when Coach McGugin calls the Com
modore squad out for practice. the
willy Vanderbilt leader certainly has
his work cut out for him In whipping
into shape a machine that can be ex'
pected to put up q tough scrap with
Michigan, and the other big elevens
the black and gold team Will meet
this fall.
The remnants OF last years power
full eleven consist Of Captain Muck"
Brown. the best end the South has
seen In years: Fullback Annie
Skies: Peck Turner. another backfield
man; big "Buddie" Morgan at center
and Tom Brown. who Will once more
be seen at right tackle. While this
old guard composes formidable ar
ray OF moleskin warriors, still they
will need lots Of help in hurting back
the plunsing Wolverine backs.
The most crushing blow sustained
by the Commodores was the loss OF
the dazzling Lewie Herdage and vii
son Collins. Lewis played out his
four years, allotted by the 8. |. A. A
while Collins gave up the gridiron fol
major league baseball.
Line material Ia not so plentiful
and the prep schools have failed &c
yield the usual crop Of crack players
Vandy meets Michigan here, Oct
l25.
The Detroit times., 1913-09-19
Entries for Final Day
At State Fair Races

All class trot. 3 in 8. purse $1,000
Alto Coast. Baron Aberdeen. Frances
Graham. James W, John G., Leo A..
Lillian Arnold, Nutline, Redlac, Jr.,
The Student.
3:11 class pace. 3 in 8. purse 81, 1000
Alley E., Don Patch. Hetty Green. Ma
rietta, Michigan King. Ruth Strong
wood. Starbrfno.
Free-f for all class pace. In 3. purse
u. 000--Braden Direct, Earl Jr., Gift
line. Hal B.. Jr.. Pickles. Walter Co.
chato.
2:17 class trot. ) in 8, purse 1000
Barbara Overton. BARONESS Helen. Ca.
Gus Star. Doctor Thorne. #. A. L.. Geo.
Rex King BeIlini. Lynn Medium. Marta
BelIini. Miss Alma Mater. Sadie Baron
Sweet Spirit. Tropic Dawn.
2:i7 class pace, 3 in ., purse 81. 600
Ambernell, Belle w. Bingo Axworthy.
Cubanola H., Dos Regos, Flaxy B.. Mar
garet Object. Mary Mack.
7:06 class pace. 2 In 3, purse u. 600
Arlene. Auto Zombro. Bonnie Cope
Cinnamon, Direct Gentry. Dixie Hale,
MarEot Gal. Nellie O., The Assessor.
Woodcliffe King.
The Detroit times., 1913-09-19
'OlD MAN BOB GLOOM PREDOMINATES
IL SORROWFUu NAT. VICTORY OVER TICES

WASHINGTON, Sept. ia China
man seeing yesterdays Tiger-Nationai
ball game here would have said that
Gloom" was pitching.
Bob Gloom was pitching and Old
Man Gloom himself was wandering
all over the ball lot. A scattering OF
500 fans who turned out to see .
dreary afternoons sport found little
OF interest. except the victory. 6-l.
Groom pitched good ball against
the Tigers and held them TO one run.
His best performances were the fan
ming OF Crawford and Cobb when
runs were waiting on the sacks.
Manager Jennings tried out two
young pitchers. Renter. Of the Ottawa,
Canadian. league club. and Harding,
OF winston-Salem. Both are right
The Detroit times., 1913-09-19
FIRST SOXCUBS
GAME ON OCT. I
BY Dropping One More Game
Bruins Will Be Mathematical
ly Out Of the Race

CHICAGO. Sept 19.-The nrst
game OF the city championship series
between the Cubs and White Sox VIII
be played on Oct. Z, 1t was announced
today-pr0vidtng the Cubs don't WIN
the National league pennant.
President w. G.. Murphy. or the
Cubs, believes II 10 contrary to base
ball ethics to discuss post-season
series until the Cubs are definitely out
OF the pennant race. and has refused
thus far to discuss the series for pub
lication. BY dropping one more game.
the Cubs will put themselves mathe-
matically out Of the hunt.
The Detroit times., 1913-09-19
|S.s. n NEWS AND VIEWS OF SPORT ... $3.50: r..
PENN MEETS GETTYSBURG SATURDAY
IN FIRST GAME OF THE SEASON

Charley Brickley Is showing In hne
form az dropkicking.
ITHACA. N. Y. Sept l9.-Because
the University OF Cornell football
candidates seem 10 have a very vague
idea OF defensive playing, the coach
es are putting the squad through
rough practice work. There Will be-
a two-hours practice today.
NEW HAVEN. Conn, Sept. ~
Candidates for yale's freshman foot.
ball team reported in camp today ana
Coach Harry Vaughn declared ne
could see some fine material In the
recruits.
The Detroit times., 1913-09-19
IOUT JOHNSON SENATOR'S
WOULD Be IN SIXTH PLACE
Walter J0hnsOn's 1913
Record is Impressive

Innings pisched--Sio 2-S' or 10
complete games.
ODpOnents' times ~ bst-i,il2.
Average opponeats per game
Sl.S.
OppOuents' base hits-10o.
Average per Uame-S.S0.
OppOnente' runs-3oc.
Average per 9aSnO-lN.
sacrince Ates by Opp0ueuts--j.
- ssrviace hits ny Opponests-io.
Bstsmsa hle-.
Batsmeu passed-Ss.
Bats0ea struck Out-2i6.
Wild pitch--l.
Doubles made by opponents-
~.
Triples made ny oppoueuts-s.
Horne rams made ~ opPoneaes
--S. ,...
Actually Knocked Out Of boz
Ouce. On June -, hy Athletics,
who made ave runs and four hits
OIL hlm IN three inaings.
The Detroit times., 1913-09-19
THIS Is NOT IMPORTANT
EVEN IF TRUE, BUT IT'S
BURNED AMUsiN' soUis

The Maps have christened
Ainsmith "Whistling Eddie
says a Cleveland writer.
The big catcher. who always
handles Walter Johnson's deliv-
cry because he Ia capable OF
receiving that awful speed with
out a wabble. has one Of the
most remarkable habits In the
American league.
Every time Johnson finishes
his wind-up and lets 60 q fast
one, Ainsmith emits q peculiar
drawn-in whistle. He does II
unconsciously, but 1t can be
heard all over the diamond.
The Detroit times., 1913-09-19
GEORGE HUFF QUITS
SCOUTING FOR MAJORS

CHAMPAIGN. III. Sept. TO-
George Hun, who has invaded the
bushes In search OF promising base
ball timber for many years. probably
will give up scouting for major league
clubs. 1t WAS announced today. the
University Of Illinois trustees prefer
that Hum devote all his time to his
duties as athletic director and have
agreed to raise his salary to $4,000 q
year.
The Detroit times., 1913-09-19
NORRIS MEETS REICH
IN NEW YORK TONIGHT

NEW YORK. Sept. 19.-Carl Nor.
ris. the Oklahoma hope" will appear
in New York tonight for the frst time
in two years when he meets Al Reich.
the new aspirant for heavyweight
honors In q l0-round bout Reich de-
clared today he expected to put Nor
ris away In less than 10 rounds. but
Carl Is equally confident.
The Detroit times., 1913-09-19
GIBSON OFFERS RICHIE
$4,000 TO MEET DUNDEE

NEW YORK, Sept. 19.-Ten thou
sand dollars cash as his end OF the
purse for q bout with Johnny Dundee.
10 the offer telegraphed today by Pro
moter Billy Gibson to Willie Richie.
lightweight champion, now In San
Francisco. Gibson wants to stage the
bout here the last week in october.
The Detroit times., 1913-09-19
DUNDEE WILL BOX CHAS.
WHITE ON OCTOBER 6

CHICAGO. Sept. 19.-Johnny Dun
dee. New Yorker. who held Johnny
Kilbane to q draw on the coast, Will
box 10 rounds with Charlie White,
local lightweight. at Racine, via on
Get. 6, II was announced today. The
weight will be 1873 pounds ringside.
The Detroit times., 1913-09-19

Special meeting-All members and
those desiring to enter teams In tho
coming season are requested to meet
s p. m. Friday evening, Sept 10. at
Printers club, 81 rort-st. west. third
floor All interested should be at this
meeting without fail.
The Detroit times., 1913-09-19

WOLGAST ACCEPTS OFFER
FOR BOUT WITH NELSON

MILWAUKEE,. Wis. Sept. 19-Ad
Wolgast has accepted the offer OF q
l0-round go with Battling Nelson and
the oldtime ring rivals will meet here
on either Oct Is. or Oct. ~. VOL
CAST was given until Monday to pick
the date.
The Detroit times., 1913-09-19
STANDINGS
AMERICAN. LEAGUE

Thursdays Results.
Washington .. Detroit ].
st. Louis 6, Athletics o.
New York 8. Chicago 3.
Boston 8. Cleveland 4.
Fridays Games.
Detroit At Washington.
Chicago at New York
Cleveland at Boston.
St Louis at Philadelphia