davidaulloa/AmericanStories huggingface dataset:
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1913-08-07
Banking Bill and Govt. Bonds.
(New York Post.)


The statement of the Secretary of
the treasury regarding the decline i'll
price OF the United States per cent.
eohdS now used as basis for bank
note circulation calls We regret to say,
iof very serious criticism With Mr.,
McAdoo's assurances regarding the in
tllnslc value of these bonds, we have
no quarrel; that is a matter of indi-
Vldual opinion, which will be tested
hereafter by the markets. 1t is when
he begins to impute unworthy motives
for the selling of the bends--to assert
specifically that the only reason fo,
1t is conspiracy among the banks
that we think he has taken a step
all surrounding circumstances consid-
cred, which is wholly unwarrantabIe.
fhe decline in price (whish has car
ried the per cents from par month
ago To 80 12 yesterday is due, the
Secretary declares in a formal state
ment, mot to any impairment of then
intrinsic value, but almost wholly TO
what appears to be campaign waged
with every indication of concerted ac-
ton on the part of "A number of in
fluential New York city banks to
cause apprehension and uneasiness
about these bonds, in order to help
them in their efforts to defeat the
currency bill"
This is a very serious charge What
specific facts, if any. the Treasury
may have to substantiate it, we de
not know. But to people who have
watched the market for the bonds,
the immediate cause for their decline
l,p
inal form. the new banking bill pro-
vided that. after its enactment, the
right of national banks to take out
circulating notes on the basis of the
500 000. 900 United States bonds now
held by them for such purpose, should
cease, and that the bends themselves
might be exchanged. at the rate of
5 per cent. of a given banks holdings
every year. for new United States 8
per cents without the circulation
privilege
1t was obvious that this sudden
withdrawal of the single support to
the artificial value of those bonds
would greatly impair their market
value: for even British Government
p IL per cents have been selling this
month below 70. and French Govern
ment per cents below S5 Two weeks
ago it was announced from Washing
ton that the Committee, impressed by
this phase of the situation, had agreed
to extend during the life of the pres
ent per cent bonds. the right to use
them as a basis for bank circulation.
Accordingly. the clause in the original
Glass bill, declaring that, under the
specified conditions. "the power of
national banks to issue circulating
notes secured by United States bonds
shall cease and terminate" was
stricken out. But it was not replaced
by any new proviso, and meantime
POSSIBLY through inadvertence) the
Committee left in the same section the
stipulation that hereafter mo national
hank shall be permitted to issue circu-
llating notes Of any description, +,
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1913-08-07
The Two Per Cents.
CNew York Globe.)


IS An alert ard active imagination is re-
CURED Ito stiiscover anything mysterious
or suspicious in the decline in price of
the Two Per Cents.
Representative Glass, chairman of the
House banking committee, prepared a
bill that provided. among other things,
for refunding the Two Per Cents, from
which circulation privileges were to be
withdrawn, into bond calculated to
make them worth par on an Investment
basis Senator owen, i'm behalf of the
Senate committee, prepared bill that
contained no reference to the refunding
of 500 600 600 Two Per Cents. When the
two bills were brought together the COM
bined bill contained no provision for the
refunding or the Immediate redemption
at par of the bonds. Is it strange that
tile Two Per Cents declined in price?
J. is not more amazing than the sight of
water running down hill.
When the Government sold the Two
Per Cents the bonds were Profitable to
their owners in two ways: First they
returned per cent. in interest on their
face value: second, they could be used
as basis for bank note circulation, a
privilege worth approximately per
cent more. Should the government take
away the circulation privilege and COM
pei the bond holders. which the govern :
ment may legally do. to bear the burden
of the loss, the bonds are worth on an
Investment basis at present prices for
similar securities from 81 to 20 In view
of the possibility of SO great shrink
age in value it is not surprising that some
holders have become alarmed and have
thrown Their bonds on the market.
Nevertheless the owners of these
bonds. although their approximations are
understandable, are unnecessarily taking
loss when they sell Two Per Cents be-
low par. True. as said above, the gov
eminent is under no legal obligation to
substitute something of equal value
should the circulation privilege be with
drawn. but it is under the strongest sort
of moral obligation so to do, and the
government respects its moral obliga-
tons. 1t receives in cash from the buy
ers of $700,0o0,oo0 Two Per Cents APP
proximately s2300o0,oo0. 1t has saved in
interest charges $7,000G0o annually.
These sums are fees, as it were, that the
bankers have paid for the circulation
privilege. They represent the market
value of the privilege. To withdraw the
privilege and not pay back the sums paid
for it would be Il most dishonest thing to
do 1t would be Kind of cheating OF
which this government has never been
guilty.
So it is proper strongly to advise the
| owners of Two Per Cents TO hold theit
bonds. They will not be worth PAL
minus the circulation privilege. but nc
currency bill will 90 through congress
that does not adequately protect tn,
equities of the bondhelders. To sell Two
Fer Cents for less than par is the same
sort of finance that would be involved il
so gold pieces We're offered at a discount
Don't believe any one who says or hints
mat congress is likely to become a
tfiekster and cheater after rs years
OF honesty with respect to national
finances.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1913-08-07
Easy to Control
Potato Blackleg.

From letters of inquiry received by
the Maine Agricultural Experiment
Station it is evident that the potato
disease known as blackleg is either
on the increase in Maine or IL
economic Importance is being more
widely recognized The nature and
chara cterislies of this disease are
becoming so generally known that /.
is unnecessary to discuss them in de-
tail. It is sufficient to state that
blackleg is of bacterial nature and
is carried over from year to year in
the seed potatoes used. 1t starts
from the base of the stem at its
junction with the seed piece and
works upward. producing an inky-
black discoloration of the stem. The
attacked plants are of sielIly APP
pearance, frequently dwarfed and
usually less spreading than tht
healthy ones. At this time of thu
year and little earlier they may 2
readily detected in the. fields
While blackleg is undesirable and
destructive in Maine fields, it is by no
means so serious a pest here as in the
South where a large percentage Of
our crop is used for seed. Southern
growers are demanding seed pota
toes free ffem this disease, and the
man who can guarantee his crop N
such and who can make good this
guarantee will be able to dispose of i
at a decided advantage over his COM
petitor who cannot.
The plant pathologist of this Sta
ton has perfected method by which
the disease may be readily eliminated
from IA given farm at comparatively
small expense. II is based on the
fact that the bacteria which causa
the disease do not live over winter il
the soil in this climate, are carried
by the seed tubers, and are easily
killed by germieides
This method consists of seed seee-
ton and disinfection. Seed tubers
intended for planting are carefully
sorted and all that are decayed, bad
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1913-08-07
not specifically provided for under

not specifically provided for under
this act
In other words. the amended bill so
far as its explicit provisions went, left
matters exactly where they We're be-
fore. We assume from Mr.. McAdoo's
declaration, to the effect that so long
as banks de not exchange their per
cents for 3's. they may retain or sell
and buy the 2 per cent. bonds, and
exercise the circulation privilege at
taehed thereto" that the Committee
meant to continue the privilege. But
there stood the language Of the
amended bill. and we suppose that
some banks must have inferred that
the change announced two weeks ago
had not been made Hence, not in
all respects unnaturalIy. the action Of
such Institutions in realizing on their
holdings, and hence the break in price
of the outstanding . per cents.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1913-08-07
How to Lose Your Tan,
Freckles or Wrinkles
(From Woman's Tribune.)

tFfom WomanS Trlbune.l
\ days motoring, an afternoon on
the tennis ground or golf links,
sunbath on the beach u exposure on
Il sea trip. often brings on deep tan
or vivid crimson or more perplexing
still, vigorous crop of freckles. A
very necessary thing then is mer-
colized wax, which removes tan. red
ness or freckles quite easily. 1t
literally peels off the affected skin
just a little at a time, so there's no
hurt or injury. AS the skin comes
off in almost invisible flaky particles.
no trace of the treatment is shown
Get an ounce of mercolized wax ut
your druggists and use this nightly
as you would cold cream. washing 1t
off mornings. In a week or so you
will have an entirely new skin, beau
tifully clear, transparent and of
most delicate whiteness.
Wrinkles, so apt to form at this
season, may be easily and quickly re-
moved by bathing the face in soln-
ton of powdered saxolite. l o.. dis
solved in witch hazel, Y pit. This Is
not only valuable astrinsent. but
has a beneficial tonic effect also.---
Adv.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1913-08-07

call the Bailey. Praying Band of years
alone, he paying all the salaries and
expenses IF the band
Mr.. Bailey starts in his days work
between and o'clock, goes home
three to four miles from his Office by
trolley and carriage for luncheon and,
returning the same way, puts in the
afternoon in work 1t is nothing unus-
Hal Tor him to make business visits
alone to Boston and New York.
All my life" said the youthful nom
agenarian, Il have done two mems work
and attribute my good health to taking
care Of myself
Mr.. BAILEY does not personally own
and rarely uses automobiles although
his sons own them and he occasionally
tA1,es a ride, in them. He prefers his
horse and carriage and the Democratic
trolley.
/. NTH peat cup. on his head, upper lip
clean shaven, robust and dignified, keen
as a brier, there is nothing in his APP
pearanee, save his long white beard,
that suggests old age. In manner he is
the courteous gentleman of the old
fashioned type. combined with the
alertness of the 10th Century business
man.
The Journal man. in his brief chats
with the great oil cloth manufacturer
Of Central Maine. found in the gentle
mans striking features. interesting
conversation, winning manner and
personal magnetism. some of the char
acteristics that make Mr.. Bailey in the
popular estimation a leading Grand Old
Mn of Central Maine.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1913-08-07
CHELSEA.

Monday, w. X, Thompson sold three
veal calves to Charles Ward for tn
Brighton market.
G. y. Caldwell is having hard wood
floor laid in his dining room. w. X.
Thompson is doing the work.
Mrs. Grovernor is the guest of her
son, II. NJ. Swift.
Mr. and Mrs. J. W. Thompson went
to Boothbay, Tuesday, for weeks
outing.
Wesley Allen of South China is visit
ing his aunt, Mrs Matte Wellman.
Mrs. Hannah Nowlan is still improV-
ing.
John Murray, who had a finger re-
moved several weeks age. has been TO
Massachusetts for treatment He re-
turned and his hand is much better
and it is thought further amputation
will be unnecessary.
Miss Mary Searles of Bar HarboI.
who has been the guest of her grand
parents, Mr., and Mrs. +. FL. Collins for
several weeks, returned home, Satur-
day. accompanied by her aunt, Miss
Lettie b. Searles.
SOUTH CHINA.
Mrs Frank Candage has returned
home from East Bluehill, accompanies
by her father, who Will make shorI
visit.
Mr.. and Mrs. Richard and daughter
Gertrude from Lowell. Mass, and Mr.
Clark's sister from Boston are at How
ard Clarks for a few weeks vacation.
Frank Does family and Mr.. Doe
mother, Mrs. Harvey, are at Pine
Point.
Mrs. Alice Stevens and daughter
Lena from Auburn have been visiting
J. II. Mosher and S. G.. Starrett, re-
turning home. Monday.
The funeral of the late little Frank
lin Harrington was held. THURSDAY,
Rev. Mr.. Turner Of Windsor OBLIGATED
assisted BY Rev. MI. Macy of South
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1913-08-07
KENNEBEC.
PITTSTON.

EAST-Mrs. Alice Sanderson of
Coopers Mills was a visitor ut +. f.,
SCOTS. Sunday.
+. A. Hanly of Dorchester, Mass,
spent the week end at his summer
home here.
Mr. and Mrs. Rufus d. Marson of
Brookline, Mass, recently visited Mr.
Marscn's parents Mr.. and Mrs. Ros
eoe Marson. making the trip in Their
new touring car.
Frank Trask of Windsor visited
friends hero on Monday and Tuesday
of last week. THN
Mr. and Mrs. Elmer Gallagar. of
Roxbury, Mass. are the guests of Mr..
and Mrs. A. u. Marson for a short
time.
A lawn party for the benefit of the
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1913-08-07

China. The interinent was in Gnad-
wick Hill cemetery.
Mr.. and Mrs. George Starrett ana
two children from Athol Mass. ar
rived at his old home, Monday. for
two weeks vacation. His brother Pres
ton and Ernest. and family are hero
from the same place.
Mrs. Charles Cary from Bowdoinham
was at her old home. last week, called
by the death of her little nephew. She
returned home, Friday.
Hadley Chadwick has gone to New
York, for few days trip.
CLINTON.
Mr. and Mrs. Isaac Irving and two
daughters, Misses Bertha and Resper.
are in Boston, for a few days.
Miss Mildred Webb from Knox visited
Miss Winfred Shaw, for few days last
week.
Mr.. and Mrs Merton Chase left for
Boston, Tuesday.
Mrs Dora Spearin and granddaughter,
Hope, returned, Friday. from their visit
with relatives and friends in Lewiston
and Auburn.
Mrs. Fred Peaks and two children. and
Mr. and Mrs. Harry Pratt and two chill
dren from Massachusetts are visiting
their parents. Mr.. and Mrs. Asa Pratt.
Mrs Houston and son, Carroll OF
Rumford Falls are visiting Mr. and Mrs.
CLANCY.
Mr.. Eugene Cain. who had very Sc
rious operation performed at Libbey Hos
pital, Waterville on Monday. is reported
to be doing well.
Miss Ethel Wood of Portland is spend
ing her vacation with her parents, MIR.
and Mrs. Henry Wood.
Mrs. Ellery Clement and two children
were in Skowhegan. Thursday.
Mrs William Sargent of skowhegan is
visiting her mother Mrs. Mary White.
Mareellus Cain has been confined to his
home, for few days with abscess On his
leg.
FAYETTE.
Mr.. and Mrs. Charles Ham of Frank
fort, Ind, are visiting Mr.. Hams sister,
Mrs A. A. Campbell
Mrs Carrie F. Underwood is passing a
few weeks at Squirrel Island.
Mrs Mary s. Smiley took charge OF the
postoflice August LIST, Elmer Smith hav-
ing resigned.
Mr.. and Mrs TiIton of Providence. r.
l.. are at the L. IL. Kent place. Fayetts
Corner.
f. Ii. BODICE was in Augusta Monday.
Australia is irrigating more than
artesian wells.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1913-08-07
SLAPPED COVER OVER MeADoo?
Continued from Page Six.)

the reform through this session? And
must one be conspirator who believes
in making haste slowly, who calls for
full consideration and greatest care in
framing such important legislation?
Mr.. MeAdeo should remember that he
is no longer managing presidential
campaign, but administering great ex-
ecutive department of the Federal Gov
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1913-08-07

NJ. +. church will be held at the home
of Frank Little, Thursday evening
AUG. :. Ice cream, and cake, and
fruit will be on sale. Everyone is in
vited to come and bring their friends
Airs. Abbie Green of Maiden, Mass,
and Mrs. Anna Neal of Elenville,
\. Y, who. have been the guests of
their brother. A. L. Marson, returned
to their homes. Tuesday.
Delmar Blais,lell went, Saturday, to
Augusta to visit relatives.
Mrs. Ella Boardman of Lynn, Mass,
| is Il guest at Harrison Hunts.
o. b. Prey of Gardiner visited
friends in town, Sunday.
The friends of Mrs. Eugene Palmer,
who has been in failing health for
several months. will be sorry to learn
she is very i'll at present.
Mrs. Ada Allen passed Sunday in
Wiscasset the guest of relatives.
Roscoe Marson is having his build
iuSs newly painted. Ernest Reed is
doing the work.
Mr.. and Mrs. Charles b. Allen and
little daughter. who have been pass
ing a four weeks vacation at Mr. Al
lens old home, returned to their
home in Washington, ID. c., Saturday,
Miss Susie Cary went to Waterville,
Saturday to visit Mr.. and Mrs. Harry
Grant.
Mr. and Mrs Daniel Whitney and
little daughter Phyllis, of Massachu-
sets. are guests of their uncle, Daniel
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1913-08-07
M. BaiIey,-e9-----.-
Years, OF Winthrop

Winthrop Me. Aug. 6.-tSpeciaD.--
Perhaps the Oldest man actively en-
gagged in business iRsMaine, today is c.
NJ. Bailey of Winthrop, who will be st
years old in October next and whom
kenHsl'ec Journal man on recent
morning found busy at his desk in, his
office of the Bailey oil-cloth works in
Winthrop.
Ma 1'atlra IS old. however, only as
measured in years. .fJn vitality and
clahfhessSf nt3ifecf itnh general health
and capacity for work and in appear
ance he is the equal Of the ordinarily
wen 1yGseIEYsedd i man Hff, years. Few
the gentleman s.A sosthi8her Than so
and the ma i0ritV place his age at rs OF.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1913-08-07
SS:x,lasqllMSsss's;s;1 1 4 Il 5 q, ::

The Journal man had brief little
chats with MIR. Bailey at his Office and
aboard the car and learned that he
can recollect. word for word. converse
tons and even speeches of 90 years ago
AT the age of II years Mr. Bailey
went t. work in the employment of a
: swtsnezte =of4-n farm. L was winter and,
according to tie agreement made, he
got uf, a I o'clock in the morning and
worked 'ntil 3 o'clock a night at the
wage Of - cents Il day. There were
no iah unions ia those days and no
nine On cteht hour laws. Not only did
young BAILEY keep his agreement but
he. did the work of two men. as his
employer herself told him when she
raised his pay to 80 cents, after finding
that others would gladly pay that price
foI thesyNn,8i map,s help. When I got
that raise said Mr. Bailey, II felt
richer than | ever have Since Mr..
Itailey continued Some people have
asked .mc what found to do in the
leng Wirter evenings and my reply
WIS. here Mr. Bailey smiled, that
was decorating the interiors of houses
lie explained That evenings he was
raJing aud cutting up apples to ar
range "a strrRs and WHEN the strings
were completed he festooned them on
E, the farm house interior walls to dry.
in Tire rli days Mr.. Bailey said,
willie the summer cottages on the lake
side spIaug into view as the electric car
Whizaed past. WE never took vacations
every year rs people do now. l never
ttock ane in my life he said
,fjVt You obtain your enjoyment in
working and in building up our success
full, enterprises" interrupted the Jour
nal man.
Yes. that is So he replied and
don't infer that | am opposed to other
falks ta'tnE vacations, for the vaca
tiunlsts from New York and other
states coming down into Maine. help
Maine business. They spend lots of
nof.cy here in this manner every sum
mer and fall."
And Mr. Bailey himself has helped
along greatly The development of Maine
in, this direction rs We'll as having been
aud being a paWarful factor in the in
dustriat uplift of the State. for he was
a afens the. piunee rs in Interstate steam
boating and was president for 40 years
of the steamship line running between
Portland and Kew York.
Mrs BAILEY, his wife for 6S years, died
seine threesyear ago. Sixty-three years
of married life, each helpful to the 9th
er and bringing UP family of children,
is k-orthy OF a record in these days of
frequent divorce. Mrs. Bailey was, as
Mr. Bailey has been and is, well known
sfors rh huthropic and moral and re-
7Igious uplifting work. Journal readers,
many of them in this connection, re-
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1913-08-07
CHELSEA.

WEST Mr. and Mrs A. c. Patter-
son of Augusta were callers i'll town,
Sunday.
the guest of her son, IL. NJ. Swift,
for a faw weeks.
Mrs. w. II. Burbank is on a short
visit tn friends in Waterville.
Mr.. and Mrs. Charles Sheldon and
children. Galley and Leon, are visit
ing friends in Bath for few days.
Willis Fowler is confined to his
home with diphtheria.
Miss Pauline Barney is confined to
her home with a sore throat.
Newark evening star and Newark advertiser. [volume] (Newark, N.J.) 1909-1916, 1913-06-21
SMART PARASoLS

Filmy fabrics like chiffon, lace and
tulle are preferred for decorative
effects, although practical parasols
are still made of taffeta. Gay fabrics
and colorings are made without lace
or net covering, but yelled, printed
satins and silks which harmonize
with so many frocks are popular.
Stripes are much used, black and
white framed with a wide black bor
der, as well as pin stripes with tiny
bouquets of prim flowers flung in be-
tween.
There is the parasol with edges
turned up abruptly all around, and
another with turned-up effect at the
corners of each rib only. Then there
is the m-shaped parasol, which
spreads out between the ribs like a
palm leaf, and another which is
shaped exactly and in every way re-
sembles a lingerie lamp shade. For
the coquettish maiden there is the
gayly-ruffled parasol which sets out
like the skirts of belle of 1860
Newark evening star and Newark advertiser. [volume] (Newark, N.J.) 1909-1916, 1913-06-21
FOR
IN SHOPPERS

Hand-cut steel buckles for pumps
are sold at L. Bamberger & Co.'s at
from so cents to 81 pair. Gunmetal
and leather buckles may be purchased
at this store at reasonable prices.
Mission bookcases are displayed at
Christian Schmidts's, selling at va
rious prices.
Summer cloth coats are selling at
Hahne & Co.'S at various prices. The
materials used in these coats are serge
diagonal, whipcord, covert, eponge and
matelasse.
L. S. Plaut & Co. are offering
womens and misses white lingerie
blouses priced at from 81 to 50.
Linen autoing coats may be pur-
chased at Bedell's at reduced prices.
The w. V. Snyder Company carries
a large assortment of children's bath
ing suits. The prices range from 81
to So
Newark evening star and Newark advertiser. [volume] (Newark, N.J.) 1909-1916, 1913-06-21

You say that one reason you are
going to be so happy with Dorothy
IS that for all her jolIity she strikes
you as the spirit of constancy. Leav-
ing Christian principles out of the
question, it is, nevertheless, the wife
of such a fellow as you who gener-
ally elopes and abaqdons her family.
mean the elopement which shakes
the foundation of society because of
its unexpectedness.
The butterfly of fashion may look
foolish, but she has enough variety
in life not to crave the excitement
coming from mad step. She may
Kill time as she goes along in a man
ner not thoroughly approved, but she
only trifles with love. The most de-
voted home woman and mother is in
danger of being bored to extinction,
and to offset this must have signs
of affection from her husband as she
goes along. | tell you it will not do,
John, to count too long on the patient
camel on whose back everything do
nestle is loaded.
With all your deep-down affection
for Dorothy, you are almost sure to
fail in an outward show of love.
Somebody is to blame when home
woman and mother runs away with
another man.
Infinite pity should be mingled with
scorn when it comes to judging such
a runaway woman. Because of some