davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1913-05-06

TODAY'S GAME
Waverley A. c. agt. Cornell.
Waverley and Southland met for the
first tine yesterday, and the Southwest
boys won a fast and interesting game
from the Waverley outfit. Although three
errors were charged against each team,
the play was snappy, and the specta-
tors were kept on edge throughout the
contest
Southland scored enough in the first
inning to settle the contest. After Taylor
had been retired Jack Spalding singled
and scored. when Earle Steele followed
with a triple. passed ball allowed
Steele to tally. In the fifth inning Jones
was passed by ODea, and counted South
lands last run on TaylOrs single.
The single run made by Waverley came
in the fourth inning. With two down,
Fitzgibbons singled and Tuohy followed
with double to center. Ebert fumbled
SteeIe's throw in. allowing Fitzgibbons
to cross the plate.
Daniels and Wood made the feature
plays of the game. and, strangely enough
each made his play at the expense of tire
other. In the opening inning Wood drove
one of ODea's shoots to deep center. but
Daniels, after a hard run, caught the ball
against the fence. In the seventh inning
Daniels sent a Texas Lacquer to right
field. BY hard sprint and jump Wood
just managed to capture the sphere.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1913-05-06

Midkiff Is playing with torn finger
nail the result OF q bounding ball Thurs
day' The same ball also hit him 30 hard
I'm the chest as to leave the imprint OF
the seam In the skin.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1913-05-06

Totals :. o 3sa7 Totals. Z 20
sWeems out in eighth FOR batting out Of order.
Tame q u q 90
r II s. ... y o q u o.
Two-hase hits-Thnrman. Hager. Double plays
-Taylor to Norcross: Hager 10 Smith 10 Nor
cross Struck out--By Hager. 81: by kinso.vinz,
= Bases on bails-Of Hager. 1: of Kinsolving,
4. Umpire-Mr Cloak.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1913-05-06
1t will meet the New York University

The game that was scheduled between
the Maryland Aggies and Gallaudet last
Saturday. but which was postponed be-
cause of the track meet held at the col
lege, will take place Wednesday of next
week, May II, at Kendall Green.
Georgetown goes to the Naval Academy
tomorrow to play it's last game of the
season.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1913-05-06

Printers played almost a perfect
game in the field. The two miscues
were excusable errors. Northern was
not so fortunate, as 1t made seven mis-
plays.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1913-05-06

If Weaver continues he will estab-
lish a record for strike-outs, as he as
Twenty-Five to date for three games.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1913-05-06
E. w. S. S. LEAGUE.

STANDING OF THE TEAMS.
w. /. Pet. w. L. Pet.
LIST Pres. 500 Ninth St:....1 1 500
United Breth. o LOCO Oh. Of Ref. zoo
1st Pres. .....1 500 st. Agnes 20 l .O0O
Evening star. [volume] (Washington, D.C.) 1854-1972, 1913-05-06

/ Weaver had an easy day. as Northern
|could not hit his delivery. He allowed
them four hits. Suess failed to get q
hit. striking out four times out of five
times at bat. On his fifth trip to the
plate he gave the shortstop a chance
to throw him out.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1913-05-06
CAPITAL CITY LEAGUE.

STANDING OF THE TEAMS
W. l.. Pet. W. /. Pct
Cornell ......1 1000 A., S. & T. 900
Southland Il 1000 Wav 4. CO 900
YESTERDAYS RESULT
Southland, 3; Waverley A. c., l.
TODAY'S GAME
Evening star. [volume] (Washington, D.C.) 1854-1972, 1913-05-06
. CENTRAL LEAGUE.
TODAY'S GAME.
Twining vs.. Sherwood.

Printers defeated Northern yester-
day in the Central League. IL to 2.
The Printers put enough runs over
the plate in the first stanZa to win.
They scored in the fourth and sixth
staazas, making a total of eleven hits.
for thirteen bases.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1913-05-06

YESTERDAYS RESULT.
Ninth Street, s; First Presbyterian,
Evening star. [volume] (Washington, D.C.) 1854-1972, 1913-05-06

Catholic University Is scheduled to play
the first game Of itS northern trip today.
The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1913-12-24

currency system. and 10 add TO the
need. viii come into use ia the fol
lowing way
The notes viii he printed hy tho
government, with n distinctive style
for each regional reserve bank. one
of the three directors named by the
federal reserve board for each regional
bank viii be known as the federal
reserve agent" for that hank. and n
supply of The notes will be placed in
his custody
Should a regional bank desire To pay
out more money than It's cash resour-
ces viii permit the law provides that
IL may put some al It's rediscounted
commercial paper into the hands Of
its federal reserve agent and receive
in return the new treasury notes For
each note that il puts into circulation.
the regional reserve bank must SCI
aside in gold forty per cent of The
value of the note. as Il guarantee for
It's redemption. This gold. with the
Commercial paper held by the federal
reserve agent" IL the protection be
hind the new money; bat these notes
will also he guaranteed by The gov
eminent aud may be redeemed Ia gold
81 the United States treasury.
,Each regional hank, under the act.
must keep reserve Of 30 per cent of
the deposits 1t has received, besades
the forty per cent gold reserve be-
hind the treasury notes 1t issues. If
The gold resarVc hehind Tho notes fallN
The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1913-12-24
7. K. TO The RESCUE.

Colonel Roosevelt has been having
really bully time In Santiago, Chile.
Il seems that the former Chilean min
ister 10 Washington, DR. Marcial Mar
tuez remarked publicly within the
coloueTs ken that he Monroe doctrine
s e dead issue Immediately the bun
moose pricked 40 his ears and snorted
lie also -ontradic.ed Or. Martinez with
great emphasis and directness, assert
ing with some heat that the Monroe
doctrine is very much alive and a
vital principle Of the foreign policy of
the United States
And the colonel was right. reclares
the Detroit Free Press, True. the chill
can diplomat was doing no more than
20 echo The sentiment prevalent in MS
country Probably in no part of
South America is the Monroe doctrine
quite as unpopular as it is in Chile. II
b. even possible also that in that coun-
Try and in Argentina ana in Brazil il
really is more or less Of a dead issue
because The three states through their
alliance with one another have made
themselves strong enough TO hold their
own against any probable European
attack But the states Of the \. b. c.
alliance are not all the countries Of
America outside the United States. and
Tho assumption, that because they no
longer need the protection Of this
country no other country needs it, il
pure selfshness.
II is not necessary 10 assent 10 all
The interpretations put on the Monroe
doctrine by some recent expositors and
Commentators who have sought 10
make il weapon Of imperialism in
order ~ see the essential correctness
II Colonel Roosevelts position. If the
doctrine no longer applies to Chile II
is because Chile no longer needs the
protection which assisted it in its early
struggles for nationality But there
are plenty Of countries in America
that do still need it, and just so long
as they remain weak and there fingers
amy danger that European or Asiatic
nations may try to gain foothold in
their territories just so long the Mon
zoe doctrine viii continue vital issue.
The Monroe doctrine, now ninety
Years old. has become unpopular in
South America not because it is ont
grown or useless. but because it has
frequently been misinterpreted If not
actually misappIicd and its significance
distorted. II is good to learn that
colonel Roosevelt has stood as it's
champion because since he has been in
South America he has not always
spoken as enthusiastically Of American
institutions as patriotic citizens would
wish.
The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1913-12-24

\ striking indication Of the financial
low barometer in Wall street is fur
niehcd by the fact that an eight days
campaign 81 the Salvation Army for
Christmas contributions from the
bulls" and bears" has made the
treasury Of that organization richer by
only thirty-nve dollars and six cents
OF this amount ten dollars was COM
priscd in a single gold piece dropped
into the box on the first day Of the
collecting period, suggesting conjec-
ture as to whether IL came from q
bear" who had made a killing" or n
casual visitor 10 the street. In previ-
Gus years the regular habitues Of Wall
Street have been famed for the liber-
atty with which they responded 10 eV-
cry appeal for financial aid. This year
the business of speculation is so nearly
dead that many a broker will be "hard
put 10 il" 10 pay his office rent.
The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1913-12-24

mine or define the character OF the
paper thus eligible for discount, with
ia the meaning or this act.
Nothing ia this act contained shan
be- construed To prohibit such noses.
drafts and bills of exchange, secure by
staple agricultural products, or other
goods, wares or merchandise from be
ing eligible for such discount: but
such definition shall not include notes.
drafts or bills covering merely inYcst-
ment or issued on drawn for the pur
pose Of carrying or trading In stocks.
bonds on other Investment securities,
except bonds and notes OF the govern
ment 81 the United states
Notes, drafts ana bills admitted TO
discount under the terms of this para
granh must have a maturity al IA.
time 0f discount or not more than
ninety days. provided that notes
drafts and bills drawn or issued for
agricultural purposes or based on live
stock ana having maturlty not ex-
ceedinE six months may he discounted
in an amount Ia he limited Ia per
centage of the capital of the federal
tregionan reserve hanks, 10 he asceT-
tanned and fixed by the federal re-
serve banks"
The regional banks may also dis
count "acceptances based on the i'm
portation or expectation OF domestic
shipments of goods.
The now treasury notes. which are
The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1913-12-24

below forty per cent, a heavy tax is
imposed on the bank which in turu
adds the tax 10 the rate il charge
member hanks for rediscounts THIS
was designated To- stop an oyer-eN-
pansion of currency In times 81
sudden stress, the federal reserve
board can suspend these reserve pro
visions, In order To furnish quick re
lief To any community
one regional bank cannot again pay
out the notes Of another. except nm
der q heavy tax. These notes are ex-
pected To return 10 the resion5l banks
and be Withdrawn from circulation
When the need ior their use passes
None Of the existing forms Of paper
currency viii he disturbed by the new
Jaw Provision is made. however. that
the government TWO per cent bonds
upon which national hanks now So
cure The issue of their "Dank notes.
may be purchased 10y the government
At par. through the regional banks
This provision Is expected to result In
the gradual retirement of most Of the
national bank currency.
The federal reserve board viii eXer-
else final control over the entire op
Grafton of the system. II can compel
one regional bank e. loan 10 another
in time 81 need; can authorize hanks
TO use the treasury notes or even ma
tioEal bank notes as part Of their
The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1913-12-24

The Identification of the state leader.
Claude .. Taylor, with the project Is
not very reassuring that the proposed
state labor convention to discuss the
stkire will be productive Of any ma
terial progress toward a solution OF
its difficulties. comments the Mining
Journal. II is but n few weeks ago
that Mr. Taylor was delivering him
self OF extreme communications TO
Governor Ferris because the governor
took effective measures to preserve
peace and order in the strike district.
The neutrality of the proposed gath
ering will doubtless proc \ even In its
e,riv Stages. io be m,H L-ominal
The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1913-12-24

total benefits received by the strikers
are small compared with what the ssi'
tstors got out of II and with what the
strikers would nave earned Il che, had
besn working.
The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1913-12-24

new form of paper currency is al
so provided for, to come out in case of
emergency. and which is expected 10
20 back into the hands of the govern
ment when times are normal. These
treasury notes will be printed by the
government, and issued through each
regional reserve bank and Will bear
the guarantee both Of the regional
bank and the government
If the demand for currency i'm any
section of the country exceeds the sup
ply of circulating money, a regional
bank can secure this now money from
the government and put it into circu-
lation; but gold reserve Of forty per
cent, and commercial paper equal tn
the full value of the note, must he held
as a reserve behind each note so is
sued. This provision is expected to
be the influence that will drive the
new money back into retirement when
il is no longer needed.
The following analysis presents the
details OF the new law without adher-
ing closely to the technical division OF
language Of The measure
At the head Of the system will stand
a federal reserve board at Washington,
appointed by the president, and TO con-
sist of the secretary OF the treasury
and six other members. Two of these
shall he expert bankers. but none
shall have banking affiliations or own
bank stock during their service. This
board will exercise general control
over the entire system.
The temporary organization COM
mittee." or the federal reserve board,
will select from eight 10 twelve cities
where regional reserve banks shall be
located, and will divide the entire
country geographically with these
cities as the centers OF districts. All
ma tional hanks in district will be re-
ouired to subscribe for the stock of
the regional reserve bank In that dis
trict, and n keep a portion of their
reserves there.
roca, ha pLa will he ~ imam
The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1913-12-24

The basic principle Of the new law
is To get these reserve funds out into
circulation when necessary. without
out lessening the safety of any bank;
and 10 provide q place to which local
banks may rush in a crisis and get
cash for the prime commercial paper"
they hold in their vaults.
This IS 10 be accomplished through
a chain Of regional reserve banks. or
reservoirs Of reserve" in which all
hanks shall deposit a stated part Of
the money they are required TO hold ~
reserves. Under the new system, when
. financial furry comes, the banks
can take commercial paper such "a
notes, drafts and bills Of exchange, IN
these reservoirs" and secure the use
Of their own reserves. or II necessary
even the reserve Of other banks, by
depositing this security.
The new regional banks will receive
about one half Of the bank reserves Of
the country. They. in turn. will be
permitted 10 loan back TO the banks
an but 30 per cent Of these reserves,
50 that In case of emergency, mill
lions of cash can he brought ont into
circulation quickly. The banks will
nave 30 pay for these loans. however
as individuals have to pay for a loan
from any local bank, and this charge
is expected to prevent the too-frec use
of the reserves held by the regional
banks.
The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1913-12-24

q hr're,sl etatemo0t Tor the quarter
ending Sect. 30 1915, giving tho
mounts paid to agitators IN the cop
per country strike is published IN
Truth the official paper Of the Cit
.nF Alliance today 1t is an illuno.
mating ray particularly 50 because
Hel ara the Western Federation ~
Hr.. own figures. We advise a thor
.asr ac-4sd O. the statement by alt
strikers % shoula open their eyes
81. the real situation While they have
.a.- asttrg three % sz dollars =
wee. the aq,t-tors have been drawing
1o4a 5r the average Of over one hun
ar-l lo.lrs month each and some
Of .7eu rs hugh rs $3.50.
Ben coqgin got s24s.5o on July ?;
gl732g August and st64.40 septer.
Der 3. So do you wonder why Gogein
vas 50 active N behalf Of the Western
Federation OF Miners2 Peter Jedda
Steve oberto W. J. Richard, Nor Opp
man, Jonn Valirski, Louis Arsenault.
Joseph .. Cannon and others OF their
Tx also have been paid handsomely.
Cannon, one Of the most active OF the
lot, got $1,000 on Aug. 4 and s25e.5o
Sept. a. IL certainly pays Joseph d.
veil 70 be an aaitator. Altogether &c.
ie4 was paid 20 these strike makers
The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1913-12-24

After the first OF the year all va
eaneies in the mines will be filled with
outside men.
isn't u nearly time for you, M.
Striker, 10 be awakening to a realixa'
ton OF what this means to your IN
less you make up your mind te return
70 work By January you viii be shut
out OF your jon. You will tie COM
PEELED 70 90 elsewhere foe work. TO"
ultimately the soitstors viii leave you
IN the lurch.
lis time for you TO he doing your
own thinking. The asitators are ~
the business OF keeping you in idieness
because Il is q tat thing for them. And
il the federation wins you will be
drawn on each month for dues to help
psy those big salaries and strike as
ssssmerts.
Why continue working for the ss''
tstors2
The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1913-12-24


The amount of reserve required
from every bank under the new law.
and the place where il must he kept,
are as follows:
Country banks-Total reserve re-
quired, !. per cent Of demand depDs-
Us and i've per cent of time deposits.
Four twe!fths must be held in he
banks own vaults; two-twelflhs in tile
regional reserve bank for the first six
months. increasing twelfth each
six months until il reaches five
twelfths After two years the re-
naming three twelfths of the reserve
must he kept either ~ the country
banks vaults or in the regional re-
serve bank.
Reserve city banks-Total reserves
required, u per cent of demand. and
five per cent of time deposits. Six
ffteenths must be kept IN the banks
own vaults; three iifteent''S in the
regional reserve bank for the first six
months, increasing one fifteenth each
six months until IL recches siX-li,-
teenths. After two years. the re-
IldlulllB iii lttHlHS bl I've re-
serve must be kept either in The hanks
own vaults or in the regional reserve
bank
Central reserve city banks tNew
York, Chicago and ST. Louis 90 Iptal
reserve required, IS per cent of de-
mand, and five per cent OF time de-
posits. Six eightecnths mus; De kept
in the banks own vaults; three eight
eenths in the regional reserve bank
for the first six months. and six
eighteenths may be kept in the banks
own vaults. or in the regional re-
! serve bank.
These immense funds ~ reserves
from member banks" toge;hcr with
government moneys, will make M the
deposits OF the regional reserV" banks.
Each of these banks will be Admins
tered by a board of nine directors, SIX
Of whom will he elected by the banks
and three appointed by The federal
reserve board.
The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1913-12-24

The regional reserve banks may re.
discount--that is, buy At u discount
from it's member banks-'prme com
mercial paper" when the member
banks desire to convert these assets
into money. The exact terms of this
important provision as To the charac-
ter Of paper upon which the regional
reserve banks may furnish cash are as
follows:
Upon the Endorsement OF any Of its
member banks, with waiver of de-
mand notice and protest by any such
banks, any federal lregionaD reserve
bank may discount notes. drafts and
bills of exchange arising ont Of actual
commercial transactions; that It, notes
drafts. and bills OF exchange issued or
drawn for agricultural, industrial or
commercial purposes, or the proceeds
OF which have been used, ar are tn be
used. for such purposes the federal re.
serve board 10 have the right TO deter
The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1913-12-24

Member banks will he compelled a.
rnt mp in cash only one half of their
subscription Ia the capital Of The new
banks. the rest can he called for II
needed by the regional bank. Divi-
dends of six per cent will be paid ON
this stock 10 the member banks, and
the stock viii he non taxable. After
these dividends are paid. one half Of
ne surplus net earnings goes tn create
regional surplus fund anu VIII a.
This has reached forty per cent Of the
regional hanks paid-in capital. these
earnings are Ia go into fhe United
States treasury. The balance of the
net earnings are Ia be divided be-
tween the payment of United states
franchise tax, and the creation Of "a
fund TO guarantee the payment Of de-
positors in member banks that may
fail.
With the machinery thus created for
new banking system that is supple
mentary to the commercial banks of
the country, the law provides for a
gradual transfer OF part az the bank
reserves To these new reservoir"
banks. In order not Ia disturb busi-
ness conditions. or Ia withdraw too
Suddenly the heavy deposits IF The
country banks in the large cities the
law provides that Two years may he
consumed in shifting these balances,
and that If necessary. part of the re-
serves transferred 10 the regional
banks may consist of commercial
paper
The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1913-12-24
Summary of Currency Bill
Just Signed by the President
Measures Relating
Has Beer Enacted Many Years

their district Each member bank
viii be required To take capitol stock
al the regional reserve bank, eCual %
six per cent Of the member bank
capital ana surplus The capital Il
the regional bank viii Increase n de-
crease 50 that IL always represents
six per cent of the combined capital
and surplus OF all the banks If the
district that have joined the system.
National banks are compelled 10 i1n.
and state banks are permitted 10 IL
up To the standard set for national
banks, and submit To national EXAMINE
atoms.
Public ownership of The stock If the
regional reserve banks IL permitted
only ia case enough banks do no; Join
In any district 10 provide "a capital
stock Of $4,000 600 In such event the
public may purchase the stock IT,
quantities limited Ia $4,000 for each
individual; hut the voting of this stock
VIII be placed in the hands If the
government representatives. On The
board of directors Of The regional re-
serve bank.
The regional reserve banks may do
business only with their member
banks. not with the public. except that
certain open market operations such
as the purchase and sale of gold, gov
eminent or municipal bonds, ami Ger
tain forms of bills of exchange. are
permitted. The banks viii make their
earninss from the loans made tn mom-
Der banks ana from the purchase ana
sale Of bonds and foreign and domps
tic bills of exchange.
The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1913-12-24

The now treasury notes which are
to furnish the elastic" element in the
The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1913-12-24

Tines. ag,tators daau Fat salaries
which 1fr paid 90 them Just as long
as they can 7rotoog the poverty Of tire
.tr.<cra ~ keeping them away from
11rI, They haze no thought Of the
iarure foe these men which holds out
uo bore Tor tH, success OF the strike
.od 07rsH means that ~itn the first
" the new year outside ~ortnoen Will
boz brought into the distret 10 hll al
,7ean-,s 90 th- o1,o-s. shutting OF.
u.s reu .rD on ,trik..