davidaulloa/AmericanStories huggingface dataset:
The Logan Republican. [volume] (Logan, Utah) 1902-1924, 1913-12-30
they hold In their vaults.
Regional Reserve Banks

Regional Reserve Banks
! This Is to be accomplished through
chain of regional reserve banks or
reservoirs of reserves IN which all
banks shall deposit a stated part
of the money they are required to
ho'd as reserve. Under the new
system when financial furry comes
the banks can take commercial papers
such as notes, drafts and bills Of ex-
hange to 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 re-
ceive about one half, Of the bank
reserves of the country. They,
in turn, will be permitted to loan
back to the banks all but
80 per cent CT these reserves, so
that in case of emergency mil
lions of cash can be brought out
into circulation quickly. The
banks will have to pay for these
loans, however, as individuals
have to pay for a loan from any
stock bank; and this charge is
expected to prevent the too free
use of the reserves held by the
regional banks.
New Paper Currency.
A new new form of paper cur
rency is also provided for to
come out in case of emergency
and which is expected to go
back into the hands of the gov
eminent when times are normal.
These treasury noes" will be
printed by the government and
issued through each regional re-
serve bank and will bear the
guarantee both of the regional
bank and the government.
If the demand for currency in
any section of the country ex-
ceeds the supply of circulating
money, a regional bank can Sc
cure this new money from the
government and put it into cir
culation; but a gold reserve of
40 per cent and commercial pa
per equal to the full value Of
the note must be held as a re-
serve behind each note so issued.
This provision is expected to be
the influence that will drive the
new money back into retirement
when it is no longer needed.
The following analysis pre-
sents the details of the new law
without adhering closely to the
technical division or language of
the measure.
Federal Reserve Board.
At the head of the system will
stand federal reserve board at
Washington appointed by the
president and to consist Of the
secretary of the treasury, the
comptroller of the currency and
five other members. Two of
these shall be expert bankers,
but none shall have banking af-
filiations or own bank stock dur
ing their service. This board
The Logan Republican. [volume] (Logan, Utah) 1902-1924, 1913-12-30
SUMMARY or CURRENCY
BILL AS II PASSED
BOTH HOUSES
Mosl F Reaching Measure Relating to
Finance Banks Given Sixty Days in
Which to File Application for Member
ship in New System.

MaslES cl. ne new Dill aHect-
mg ~ ,uI,nay, banking and finan-
$50 o. tie United States which pass
a.. o.. Druncaes OF congress and re-
9eiy 60 t-e signature of the president
Is one CT the most far reaching meas
Nlos telating to finance that has been
,aacseG N many years. The magni-.
tGde Of he subject, the diversity of
utei ests affected and the length of
tne debates In both branches of con-
Iress nas made 1t difficult for the
Iru.nary observer to follow the
changes and grasp the essentials Of
ihis highly technical md sure in its
important bearings on money, finance,
banking and the entire range of fis-
cal subjects, public and private which
It affects. With a view, therefore,
of presenting succinctly and in non.
technical language, an epitome of the
salient features of the measure as
finally framed, the following summary
D. given OF the bill as a whole and OF
IT'S principal details.
First Steps To Be Taken
Generally speaking the first steps
10 be taken to bring into operation
the nations new financial system will
be through an organization commit
Zee of the secretary Of the treasury,
secretary Of agriculture and comptrol-
Ter OF the currency. Banks have go
days within which to file their appli-,
cations for membership in the new
system and one years time is allow
ed before the government will com.
pei the dissolution of any national
bang that refuses to join.
The new law will make little d.
rect change in the operation of the
present national banks, s>eept to al
lew them to loan a certain amount
OF their funds upon farm mortgages.
its chief purpose is to add new
piece Of machinery to the banking
system that will take up the slack
during the changing business condi-
tons Of each year. that VIII give the
banks a place TO quickly convert their
assets into cash In time of need and
that will bring out new federal cur
fency when It is needed and retire
II when money becomes cheap.
Elastic Circulation
Banks are now required to keep
certain percentage of their depos-
Its as reserves, part In cash in their
ovn vaults and part OF which may be
re-deposited In the banks of New
York. Chicago. st. Louis and other
designated cities. In times of and
sudden financial demands, when banks
have loaned up to the full limit of
their resources, these reserves furn-
fish little relief. because II they are
paid out to meet demands the banks
are left 10 precarious condition.
The basic principle OF the new law
Is to get these reserve funds out into
circulation when necessary without
fessening the safety of any bank; and
10 provide place to which local
banks may rush in a crisis and get
cash for the prime commercial paper
The Logan Republican. [volume] (Logan, Utah) 1902-1924, 1913-12-30


vision as to the character of pa
per upon which the regional re-
serve banks may furnish cash
are as follows:
upon the Endorsement of any
of it's member banks with a waiv-
er of demand notice and protest
by such bank, any federal Greg
ionaI reserve bank may discount
notes, drafts and bills, of ex-
change arising out of actual CON-
mercial TRANSACTIONS that is,
notes, drafts and bills Of ex-
change issued or drawn from
agricultural, industrial or COM
mercial purposes or the proceeds
of which have been used or are
TO be used for such purposes, the
federal reserve board to have
the right to determine or define
the character of the paper thus
eligible for discount within the
meaning of this act.
Eligible for Discount
Nothing in this act eonta med
shall be construed to prohibit
such notes, drafts or bills of ex-
change. secured by staple agri-
cultural products, or other goods,
wares or merchandise from being
eligible for such discount; but
such definition shall not include
notes, drafts or bills covering
merely investments or issued or
drawn for the purpose of carry
ing or trading in stocks, bonds or
ether investment securities, ex-
cept bonds and notes of the gov
eminent Of the United States.
Notes, drafts and bills ad-
mitted to discount under the
terms of this paragraph must
have maturity at the time Of
discount of not more than ninety
days, provided that notes, drafts
and bills drawn or issued for
agricultural purposes or based
on live stock and having a ma
turity not exceeding six months
may be discounted in an amounv
to be limited to percentage Of
the capital Of the federal reg
ionaD reserve bank, to be ,ascer-
tanned and fixed by the federal
reserve board"
The regional banks may also
discoun t'acceptances based on
the importation or expectation of
goods"
Issuance Of Treasury Notes.
The new treasury notes, which
are to furnish the "elastic" ele-
ment in the currency system and
to add to the country's circulat-
ing element in time Of need, will
come into use in the following
way:
The notes will be printed by
the government with a distinc-
tive style for each regional re-
serve bank. One of the three d.
rectors named by the federal re-
serve board for each regional
bank will be known as the "fed-
eral reserve agent" for that
bank and supply of the notes
will be placed in his custody.
Should a regional bank desire
to pay out more money than its
cash resources will permit, the
law provides that it may put
some of its rediscounted COM
mercial paper into the hands of
the federal reserve agent" and
receive in return the new treas
ury notes. For each note that it
puts out into circulation the re-
gional reserve bank must set
aside in gold 40 per cent of the
value Of the note, as a guarantee
for its redemption.
Protection Of New Money.
This gold with the commercial
paper held by the federal re-
serve agent" is the protection
The Logan Republican. [volume] (Logan, Utah) 1902-1924, 1913-12-30

CHRISTMAS HOLIDAY RATH
Via Oregon Short Line. Tickets y
sale between local points, DecenM
10, 20. 81, 20, 20. "a. 25 and 81. wv
and January i. 1914; limit Janar'
8, 1914. See agents for rates W.
further particulars. ADV. W.
Tulsa daily world. [volume] (Tulsa, Indian Territory [Okla.]) 1905-1919, 1913-11-25
FIVE Minute CURE
If STOMACH IS Bid
"PNPE'S DINpEPSIN" IL QUICK
EST. SUIiI;Sr INDIGESTION
CURE KNOWN.

You don't want slow remedy
when your stomach Is bad or an
uncertain onc-or harmful one
YOUR stomach Is too valuable; you
mustn't inJurc 1t with drastic drugs.
Pape's niapcrsin is noted for its
speed iu giviug relief. It's harmless
ness. its certain uufailug action in
regulating sick, sour. passy stomachs.
Its millions ~ cures TN indigestion.
dyspepsia pastritis and other stom-
ach trouble has made IL famous the
world over.
Keep this perfect stomach doctor in
your home - keep it handy-get n
lars' fifty cent case from any drug
store and then II anyone should eat
something which doesn't agree with
them. II what they eat lays like lead.
fermeuts and sours and forms gas.
causes headache. dizziness and nau-
sea. cructatious of acid and undi-
gcsted food remember as soon as
Popcs piapcpsin comes TN contact
with the stomach all such distress
vanishes. Its promItHess certainty
and ease In overcoming the worst
stomach disorders is revelation to
those who try it, Adv.
Tulsa daily world. [volume] (Tulsa, Indian Territory [Okla.]) 1905-1919, 1913-11-25

Emory and Henry college. Virginia.
until recently an institution of the
literary type. shows Interestingly the
trend Of the times in its efforts to
meet more directly the needs of the
immediate vicinity without weak
cning its literary departments. the
college is seeking to put its young
men into touch with the every day
life of the rural communities from
which they come. Recently a DEM
onstration agent was secured. To have
his headquarters at the college and
direct agricultural ana industrial
work both FOR the students ~ the coll
lege and the people Of the surround
ing community.
Tulsa daily world. [volume] (Tulsa, Indian Territory [Okla.]) 1905-1919, 1913-11-25

1NDGANNPOLTS. Ind Nov. 24-An
old age pension and disability fund
will be inaugurated 10y the bricklayers.
masons and plastercrs international
union of North America In 1914. The
plan has just been voted on by mem
hers OF the union and Secretary VIII
liam Dohson today began mailing from
union headquarters here circular to
the unions. announcing that the vote
was favorable.
Tulsa daily world. [volume] (Tulsa, Indian Territory [Okla.]) 1905-1919, 1913-11-25

DON BOWERS, am cmploye of The
Gulf Pipe Line COMPANY who has
been stationed at Tampico for the
past few months. has returned 10
Tulsa. having been transferred 10 the
Office here. where he was employed
before he went to Mexico. He tells
some interesting stories ~ the activ-
ities OF the rebels around the Mexican
oil fields.
Tulsa daily world. [volume] (Tulsa, Indian Territory [Okla.]) 1905-1919, 1913-11-25

The Massachusetts, state board Of
education maintains a teachers reg
istration bureau Tor teachers desir-
ing positions in Massachusetts. In
the past year the first Of its exist
ence. the bureau filled 50 POSITIONS
at salaries ranging from $500 down
TO siO per week.
Tulsa daily world. [volume] (Tulsa, Indian Territory [Okla.]) 1905-1919, 1913-11-25

President Wilson Is to Doe CONE
m.ndod Tor his approval Of the CON
tract between the Choc'ow Indians
and j.. + Hurley il faithful loyal
conscientious ana distinguished scry-
icr constitute claim TO rcappoiutmcut
rat Hurley has richly earned it,
Among am Of ,hc charges ana counter
charges which have been made
against people connected with the
administration Of Indian affairs, amid
all the elimination ana rccrimiuauon
there ia vet to appear the first man
who can point the finger Of scorn
at Pat Hurley And IT'S just because
he could not be crooked If he tried.
Uc would make % hotoh of it, just as.
sure as q gun is made of steel.
Tulsa daily world. [volume] (Tulsa, Indian Territory [Okla.]) 1905-1919, 1913-11-25

There are many leaks in the advertising
fund-hand bills, souvenirs, calendars, signs on
trees, benches telephone poles, advertising III
programs and thousands Of other schemes which
60 under the guise Of advertising.
Occasionally business man takes a slightly
rcscnful attitude when suggestions are Offered
him toward improving his advertising.
However. there are so few, so very few
that do not welcome help, aid and assistance
along advertising lines that good advertising
ideas are daily exchanged all over the country
But, lets get back to the academies of adj
vcltising.
Concentlatc-cultivate iutcnsivey GER
tain field
Select one mcdium-one ncWspapcl-thc
best and strongest one in your territory and
cultivate the readers of that paper thoroughly
Shut your eyes and close your ears to all
other mediums until you have secured the ex-
elusive patronage Of that one papers readers.
To secure this patronage advertise honestly
and back up every advertisement to the letter
When you have advertised honestly and
peIsistently to one set of readers for a reason
able time YOU will succeed in clinching their
patronage.
After You have thoroughly cultivated one
set Of newspaper readers begin on another, but
continue to take the same pains with your first
patrons.
Do this, and your advertising investment
will take care of itself
Start your one-medium policy by selecting
the best and strongest newspaper.
Get the cream of the buyers on your first
campaign.
The Tulsa World, with its 11.0O0 readers
represents the very Buying Power of the com
mnity.
1t is the logical paper for your advertise
ment
S Talk on this page)
y VIC W ORD R#&#
Tulsa daily world. [volume] (Tulsa, Indian Territory [Okla.]) 1905-1919, 1913-11-25

THE CASE on e. W. TURNER
against his brother, Fred Turner, both
of Mus 3kogcc. in which a quarter of a
million dollars worth of real estate in
Tulsa is involved win not be decided
Tulsa daily world. [volume] (Tulsa, Indian Territory [Okla.]) 1905-1919, 1913-11-25

Il 1t is very rarely That "a httl"
I'd selfishness does not help both
self ana your ucighbors.
Tulsa daily world. [volume] (Tulsa, Indian Territory [Okla.]) 1905-1919, 1913-11-25

q wondering whore Nou dot that whis-
key that YOU had at church this morn
ing.
ing"
Tulsa daily world. [volume] (Tulsa, Indian Territory [Okla.]) 1905-1919, 1913-11-25

Don't forget the big removal sale
at the Tulsa Decorating company. 213
South Toston adv
Tulsa daily world. [volume] (Tulsa, Indian Territory [Okla.]) 1905-1919, 1913-11-25

way they are raising money
hat Y. NJ. e.. \. shows t'.' Tulsa
lnly will but can.
Tulsa daily world. [volume] (Tulsa, Indian Territory [Okla.]) 1905-1919, 1913-11-25

metiucs the more 20 man owes
more his creditors protect him u
hope Of eventually dodEing %
'lOsure.
Tulsa daily world. [volume] (Tulsa, Indian Territory [Okla.]) 1905-1919, 1913-11-25

the Tulsa Democrat docs u"f
out somebody win show that
nf its directors q the general
.ager Of nearly all the gas pine
. in the state. ana one Of its prin-
! stockholders is the representa-
Of big OH pipe line. not the
.rie. and what will the public
X then Of the Democrats fren-
attacks on the pipe line inter
during the past few weeks? Per
|, there is another car Of paper
ne track or about due.
Tulsa daily world. [volume] (Tulsa, Indian Territory [Okla.]) 1905-1919, 1913-11-25

Tel Buhl,y Says he allu. hates g.
see questionable show g,r. along.
cause it's su hard O. git .r G. on box
office. Mrs. Late iud has traded %
cradle fer a foldin' card table.
Tulsa daily world. [volume] (Tulsa, Indian Territory [Okla.]) 1905-1919, 1913-11-25
City NEWS

MELTON WINTERRINGER, l2-
y,r.uId SON rf Clarence Nintcrrlnger
of tho NoVhaN tuderJaking company
$40. .p,rt.d ON for appendicitis at
uu, TuJ nasp.al saturday after
uuu THE child had been complain
mr ot feeling iH for some time, and
early Yesterday suffered a severe at
tlcl, ut the ailmcut.
Tulsa daily world. [volume] (Tulsa, Indian Territory [Okla.]) 1905-1919, 1913-11-25

MILDRED. the 4-ys1r-uld grand
daughter " Tulsa minister. for the
first time witnessed church come
mum ou service last SUNDAY With
widy-rytd interest she watched The
breaking of the sacred bread and the
pouring Of the wine After the core
muuy. She lapsed into deep brown
study. I'm which sht remained until
dinner was served at the minister's
home. why Mildred. why ate you So
,uict7" the good man asked. finally.
The little miss cast a shy looh at her
father before replying. IL was just
Tulsa daily world. [volume] (Tulsa, Indian Territory [Okla.]) 1905-1919, 1913-11-25

W " TEEl. for many years n
deputy United states marshal uf Tulsa
and Slpulpa is dead at Douglas.
Wyuming having passed away Thurs
day November 20 The deceased Is
survived hy two SONS and two darght-
,rs Mrs r. T. Potts ana r. Il. Teel
reside BOO This city. Mrs J. H. Tckel I'm
Colorado Springs. and Fred recl Of Sa-
pulpu The latter has gone to Doug
las to look after the funeral and inter
mont ~ his father.
Tulsa daily world. [volume] (Tulsa, Indian Territory [Okla.]) 1905-1919, 1913-11-25
An Ordinary Error in Advertising
Do You Overshoot the Maz What Part of Your Money is
Wasted in Advertising

You may be an expert buyer; you may
know all about handling your clerks; you may
know the buying public thoroughly.
You may be perfect in every one Of these
things and yet actually waste your money in
advertising
You may make thc error Of trying to spread
your advertising ont so everybody will 'be"omc
familiar with your name
A careful analysis of conditions in your case
viii show you your mistake and save you money
Perhaps You look at only the merchandising
side Of the question. OF course you know that
feature Of your business because merchandising
trading an ancient science and many men
know it well:
But advertising is new force in the bust,
ness world
1t is young and as yet most of MS are feeling
our Wav along It's course.
Advertising Experts tell us ,hat the longer
they work with this new force the more they
learn. 1t is a study that makes even electricity
look simple.
Everybody wants FACTS.
y SDOd business man VIII not persist IN
wrong policy when he knows it is costing him
money, and yet it is perhaps safe to say that less
than 10 per cent of the BILLIONS OF DOL
LARS annually expended in advertising brings
100 per cent in results
This waste, however, is eXcuSablc, because
advertising as a science is new
We can hardly expect to master science
in 20 or % years.
But, we are making rapid hcadway
Probably the most important fact dcvel-
opcd in recent years in the study of advertising
is the discovery that a big percentage Of adycl-
tiSing effort goes to waste.
The chief duty and concern Of the man who
spends the money for advertising is to learn
to conserve the encrgy-to keep from wasting
his money
(Watch for Tomomo
TfdTTtTT O. "A II
Il W AE=0G A. "
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-10-16
POWERS ARE
DEF|ED BY
HUERTA
Dictator Sends Away Troops When
Diplomats Demand Guard of
Five thousand Men.
Special Cable to The American.

MEXICO CITY, oct. 16.-The force
Of Federal troops held here for the
protection of the Mexican Capital
was weakened to-day by President
Huerta within twelve hours after
representatives of six foreign nations
had decided to report TO their home
governments that warships and
guard of 5000 soldiers were neces-
sary to assure the safety Of foreign
ers.
Disregarding the action taken by
the ENJOYS of Great Britain, France.
Spain, Cuba, Guatemala and Norway,
General Huerta ordered 1000 soldiers
to proceed to the north and aid in
the attempt 20 capture Torreon
The EnvJy-s refused to comment on
Huerta's action. but Immediately no
titled their home governments Of the
weakened condition Of the defense.
The situation became more tense
to- day as a result Of the arrest Of
Enrique Enrile, a Catholic Deputy On
a charge Of plotting against the Gov
eminent When Huerta raided the
Chamber OF Deputies. his agents
spared the Catholics. who had sun
ported him. bat Enrle's arrest uas
alienated their leaders.
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-10-16
arden Wires The Georgan,s Story to Attorney General
NURSE TRAPS BURGLAR AT HOSPITAL,
]. B, Ingram Pleads
Guilty to Moonshine
Charge; Asks Mercy

John 3. Ingram, the Blairsville
mountaiueer and ex-moonshiner
whose case aroused the sympathy of
hundreds Of persons throughout Geor-
gia a few months ago. appeared be-
fore Federal Judge Newman We'd
nesday and pleaded guilty 20 the
charge Of Illicit distiIling.
He accompanied his plea With a re-
quest for the leniency of the court.
REPRESENTING that he had abandoned
moonshining for more prosaic but
safer occupations. He brought rec
concentrations for mercy from attor-
neys, county officials and ministers Of
Blairsville and surrounding towns
He will return to the court of Judge
Newman January for sentence. The
judge is being strongly urged to sus-
pend sentence upon him.
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-10-16
HAUGSU|C|DE
THEORY IS
S|F TED
Detectives Continue Investigation
of Townsville Hotel Death
Mystery After Finding Bullet,

THONASNILLE, oct. 16.-With the
finding of a bullet imbedded in the
skull Of pretty Dorothy Haug. the
Ealdosta stenogrepher found dead in
a Townsville hotel Monday. opinion
is divided to-day between murder and
suicide theories The PinkertOn de-
tectives who took up the case We'd
nesday at the instance of county au-
Jhorities are continuing their inves-
LEGATIONS to-day, and will probably
make a full report to the COroners
Jury this afternoon. On this report
the jury will largely base its verdict
and it Will be determined whether or
not to drop the hunt for a slayer or
lay the oeath at the girls own hand,
Thus far there has been absolutely
no clew discovered to place muir
der charge upon any person, and if
she was murdered the case is as much
am ystery to-day as on Monday. when
the tragedy was first discovered If
she committed suicide her motive is
just as mysterious The most likely
suicide theory is disappointment over
love affair There have been sus-
picions Of suicide from the first. but
they were not strong enough to give
serious consideration until the finding
of the bullet in her skull.
The bullet was discovered when an
autopsy was performed Tuesday aft
ernoon at the instance of the de
tectives, after funeral services had
been conducted and the body was
ready to be sent to Knoxville, Tenn,
for burial Immediately after the au-
topsy the body was replaced in the
casket and put aboard a train. ac-
companied by Mr.. and Mrs. Thomas
Haug. the girls parents. and her
younger sister, Marjorie The funer-
al party will arrive in Knoxville this
afternoon. where interment will take
place that city being the home Of the
Haug family
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-10-16
Funeral Of Boy Killed by Train Held at Antioch
Church Thursday.

SorTowful comrades, with the
shock Of the tragedy tina had robbed
hem Of cheerful playmate still
lurkig in their eyes, joined in the
last tribute Thursday TO little Thomas
Jackson Harris, who was killed by
Southern train Wednesday
The funeral was held from the
Atioch church Thursday morning at
10 O'Clock. and the interment was
in the churchyard. The services were
conducted by the Rev. William Ker-
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-10-16
Dismissed Salesman
Held as Safe RObber

George j. Weaver, salesman. viii
be given a hearing in Recorders
Court Thursday afternoon on the
office Of the Oliver Typewriter Com
pany. by which he was employed.
Policemen responding to a call say
they caught Weaver in the act Of
forcing open a strongboX which had
been taken from the Safr. He said
he was manager Of the Office
". A. Kinzie, No. All Piedmont
avenue. said he had discharged Weav-
er Wednesday,