davidaulloa/AmericanStories huggingface dataset:
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 il nearly time for you, M
Striker, to be awakening to a reaIiza-
ton of what this means to you? Un.
less you make up your mind &c return
TO worI, by January you will be shut
cut OF your Job. You will be COM
PEELED 10 90 elsewhere for work. for
ultimately the agitators will leave you
in the lureh.
It's time for you to be doing your
own thinking. The agitators are in
the business OF keeping you in dleness
because il is fat thing for them. And
II the federation wins you will be
drawn on each month for dues TO help
ray those big salaries and strike as
sessrents,
Why continue working for the as.
tators?
The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1913-12-24

Member banks will be compelled t.
put up IN cash only one half of their
subscription to the capital of the new
banks; the rest can be called for II
needed by the regional bank. Divi-
dends Of six per cent will be paid ON
this stock to the member banks. and
the stock will be non taxable. After
these dividends are paid, one-half of
The surplus net earnings goes To create
q regional surplus fund, and when
this has reached forty per cent Of the
regional banks paid-in capital. those
earnings are 10 go into the United
States treasury. The balance of the
net earnings are TO be divided be-
tween the payment of United States
franchise tax. and the creation Of "A
fund 10 guarantee the payment of de-
positors in member banks that may
fail.
vita the machinery thus created for
a new banking system that is supple
mentary to the commercial banks If
the country. the law provides for a
gradual transfer of part Of the bank
reserves To these new RESERVOIR
banks. In order not To disturb busl-
ness Condition& or to withdraw too
suddenly the heavy deposits of The
country banks in the large cities. the
law provides that two years may be
consumed in shifting these balances,
and that II necessary part of the re-
serves transferred To 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
is of the Most Reaching
Has Been Enacted n Many Years.

their district. Each member bank
will be required TO take capitol stock
of the regional reserve bank, uVual 20
six per cent OF the member bank ;
capital and surplus. The capital II
the regional bank will increase n de-
crease so that II always represents
six per cent OF the combined capital
and surplus of all the banks Of the
district that have Joined the system.
National banks are compelled TO Join,
and state banks are permitted 20 If
they bring their reserve requirements
up TO the standard set FOR national
banks, and submit to national cXdmiu-
atoms.
Public ownership of the stock of the
regional reserve banks is permitted
only in case enough banks do not Join
in any district to provide capital
stock of $4,000, OOO In such event the
public may purchase the stock il.
quantities limited To $4,000 for each
individual: but the voting of this stock
viii be placed in the hands Of the
government representatives on the
''aiu o. uiit'NOis Oh inc lSbl'll'i 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. and GER
tain forms of bills of exchange, are
permitted The banks viii make their
earnings from the loans made To men,
Der banks. and from the purchase and
sale of bonds and foreign ana domcs
tic bills of exchange.
The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1913-12-24

Il IS splendid thing to spread the
Christmas spirit and apply il IN \
way 70 bring happiness TO homes
which otherwise would be eomoellsd 10
foreso the JOY Of this b,st Of all see
sons, And this material manifestation
Of good will, this year, is especially
praiseworthy because hundreds of
strikers, prosperous in normal times
and able to provide the Christmas
needs, are now unable to procure any
thing but the barest necessities. The
snail benefits they receive from the
Western Federation 81 Miners afford
tHerr only = mere existence However
g rs state Of affairs for which they
are not held responsible. Well paid
agltators influenced them to strike and
put an end 20 their prosperity
The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1913-12-24

The new treasury notes, which are
to furnish the elastic" element in the
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 ii must be kept.
are as follows:
Country banks-Total reserve re
CURED, - per cent of demand depJs-
It's and i've per cent of time deposits.
our-twelfths must be held in the
banks own vaults; two twclfths in the
regional reserve bank for the first six
months, increasing one twelfth each
six months until il reaches five
twelfths. After two years the re
naming three twelfths OF the reserve
must be kept either in the country
banks vaults or i'm the regional re-.
serve bank.
Reserve city banks-Total reserves
required, 10 per cent of demand, aud
five per cent of time deposits. Six
fifteenths must be kept in the banks
own vaults: three fifteent"s in the
regional reserve bank for the first six
months, increasing one-fiftecnth each
six months until il reaches siX-fif-
teenths, After two years, the re-.
naming three iifteenths Of the re-
serve must be kept either i'm the bank $
own vaults or i'm the regional reserve
bank.
Central reserve city banks tNew
York, Chicago and st. Louis TpHl
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 faults; 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" together with
government moneys, will make up the
deposits of the regional reserve banks.
Each of these banks will BE- admlnia-
tered by a board of nine directors, SIX
Of whom will be elected by the banks,
and three appointed by the federal
reserve board.
The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1913-12-24

These agrtatora draw fat salaries
which are paid 10 them Just rs long
as they can oroIon9 the poverty Of the
strikers by keeping them away from
work, They have no thought Of the
future for these men which holds out
no hope for the success Of the strike
and which means that with the first
Ct tho new year outside workmen will
be brought into the district to filI all
vacancies IN the mines. shutting oas
the men still on strike.
The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1913-12-24

Washington. ID. G., Dec. 2I-The
new bill affecting the currency, bank
ing and finances of the country, walch
night. is one of the most far-reaching
measures relating TO finance that has
been enacted in many years. The
magnitude of the subject, the diversity
OF interests affected. and the length Of
the debates for the ordinary observer
TO follow the changes and grasp the
essentials Of this highly technical
measure i'm its important bearing on
money, finance. banking and the en-
tire range of fiscal subjects, public
and private, which il affects. With "A
view, therefore, of presenting succinct-
~ and i'm non technical language. an
epitome of the salient features of the
measure as finally framed. the follow
ing summary is given of the bill as Il
whole and Of its principal details
Generally speaking, the first steps
to be taken To bring into operation
the nations new financial system will
be through an organization committee
If three members to be named soon
by President Wilson. Banks have 80
days within which to file their appli-
cations for membership in the new
system; and one years time is al
lowed before the government will COM
pei the dissolution of any national
bank that refuses to join.
The new law will make little direct
change in the operation of the present
national banks, except 10 allow them
10 loan certain amount of their
FUNDS upon farm mortgages. Its chief
purpose is To add new piece Of ma
chnery to the banking system that
will take up the slack" during the
changing business conditions of each
year that will give the banks a place
TO quickly convert their assets into
cash IN time OF need. and that will
II is needed, and retire il when money
becomes cheap"
Ranks are now required TO keep a
certain percentages OF their deposits as
reserves. part in cash in their own
vaults and part of which may be re-
deposited in the banks OF New York.
Chicago, 81. Louis and other desgnat-
ed cities. In times of sudden financial
demands. when banks have loaned up
TO the fun limit of their resources
these reserves furnish little relief, be-
cause if they are paid out to meet de-
mands, the banks are left in a pre-
carious condition.
The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1913-12-24

The regional reserve banks may re
discount-that is, buy at discount
from it's member banks-"prime com
mercial paper when the member
banks desire TO convert these assets
into money. The exact terms of this
important provision as 10 the charac-
ter of paper upon which the regional
reserve banks may furnish cash are as
follows
Upon the Endorsement of any of It's
member banks, with a waiver OF de-
mand notice and protest by any such
banks, any federal (regionaD reserve
bank may discount notes. drafts and
bills of exchange arising out of actual
commercial transactions: TINT 1t, notes
drafts, and bills OF exchange issued or
drawn for agricultural, Industrial or
commercial purposes. or tht proceeds
of which have been used. OF are to be
used. for such purposes. the Federal re.
serve board to have the right to deter
The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1913-12-24
WEDNESDAY, DECEMBER p, 1915,

a "Good Fellow also has come 20
the aid of the Salvation Army, He
has rescued It's Christmas effort in be-
half Of the poer Of the district, which
up 70 a few days ago when his profier
OF assistance was made, promised 10
be only a partial success, Thanks 70
his splendid generosity the local corps
Of the Christian Army will now be
able TO 30 as much as m former years.
OWNS to the strike the contributions
to the Salvation Arny's Christmas
fund fell of the considerably this year
and only half The amount usually do.
mated had been received when this
Good Fellow" heard about il and
ooened his purse strings We believe
these purse strings had been previous.
" opened by him, however-for we
strongly suspicion that I've and tho
"Pr,noc Of Good Fellows" who in.
structed the Associated Charities TO
see that all children Of strikers arc
remembered this Christmas at his ex.
Pense ARE one and the same person.
Despite the fact that the strike has
now been in progress for five months,
during which period the strikers have
received only reasre benefits. we be-
lieve we are safe in saying that not a
family among them will be without
bountifuI measure Of Christmas cheer.
And this also is true Of unfortunate
families outside the ranks Of the strik.
ers. Through the philanthropy Of the
Prince Of Good Fellows, other irdi.
Viduas OF his noble fraternity,
churches and various organizations, all
needs will be provided Food, clothing,
shoes, toys and candy will be distrib.
uted before nghtfaIl
So then, reader, you can picture the
Joyous scenes in the homes Of Calumet
and 7eghborins villages tomorrow
morning, The true spirit Of Christmas
and It's accompanying joy will abound
in them.
The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1913-12-24

Local banks will be known as MEM
Der banks because they will own the
stock OF the regional reserve bank OF
The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1913-12-24

Continued on 9TH Page. 5th Column.
The Barre daily times. (Barre, Vt.) 1897-1959, 1913-11-19
"Dry" States Statistics.

The evils of alcoholism have called
forth various remedies. Attempts have
been made in many states to apply the
remedy of absolute restriction. No
doubt the motive is sincere, but in few
instances have the results justified the
means taken. During the year state
ments have appeared that prohibition
was directly responsible for the decrease
OF insanity in Kansas. An analysis Of
that statement has been contributed to
the Medical Record by DR.. Edward II.
Williams, formerly of the New York
state hospital service. He comedies that
insanity is decreasing in Kansas but
not in ratio equal to that in some of
her neighbors where license prevails. On
the contrary, he asserts that Kansas
heads the list in the high percentage OF
alcoholic insanity, with South Dakota,
a license state, trailing so far behind
as to make the prohibition state seem
like veritable den of tipplers by com
parison."
1t belongs to such prohibition states
as Kansas and North Dakota to prove
their faith by their works. There are
some forms of insanity of alcoholic orig
in that do not betray their cause in
the symptoms; but the well-defined
group known as the alcoholic psy-
chooses" are the direct result of alcohol.
OF the patients admitted to the North
Dakota hospital for the insane, lit
tie less than four per cent were thus
affected. In Kansas institutions for the
mentally unbalanced five per cent of
those admitted were suffering from this
form of insanity. In South Dakota it
figured as only one per cent and in Ne
braska, also a license state, il was con-
siderably less than in Kansas. In the
latter state there has been an actual
increase in alcoholic psychoses during
the past three years, period in which,
it is claimed, prohibition has been more
rigidly enforced than ever before. We
have had impressive object lessons for
many years, much nearer home than
those states, of the inefliciency of state.
wide prohibition and of the scandals of
which it is the prolific parent, but the
comparison in a group of states not so
very far apart has an even larger sign-
ficance.-Boston Transcript.
The Barre daily times. (Barre, Vt.) 1897-1959, 1913-11-19
CURRENT COMMENT
The Wisdom Of Early Shopping.

Although il is still month and a
week from Christmas the wise woman
has already begun to think of her holt
day shopping. And if she wishes to be
considerable of Others she not only will
think of it but will attend to it early.
In fact, the earlier the better.
Conditions now are ideal for shopping.
There is not the crush in the stores one
finds during the few days preceding
Christmas. Plenty of time may be
taken in selecting the gifts. The sales
men and saleswomen can devote more
attention to their customers and the
whole delightful operation may be per
formed with greater comfort to all con-
cerned.
Then, too, the stores have practically
all of their holiday goods in stock now
And never has there been more lavish
or comprehensive display of articles suit
able for Christmas gifts. New Works
great merchants seem to have outdone
themselves in their efforts to gather
from all quarters of the globe the latest
novelties of every description. Every
thing is fresh now and the early shopper
will have the advantage of the widest
selection.
Don't wait until the last minute-until
the clerks are tired out and you yourself
perhaps are driven to your wits end to
do all the shopping that can be done
with such ease now. If you will not
think of the comfort of others, at least
consider your own comfort. The wise
man votes early. The wise woman shops
early-and often.-New York Globe.
The Barre daily times. (Barre, Vt.) 1897-1959, 1913-11-19

vices. Now the grange Is inclined to
think that Wilson in choosing David +
Houston for the position did not fol
low the rules which its committee set
forth in the above mentioned confer
ence; and Secretary Houston came in
for rather caustic criticism at che ma
tional convention in Manchester, N. H..
earlier in the week. Possibly the six
months trial which the committee prom
ised President-elect Wilson the grange
would give his appointee has not been
long enough to determine the fitness of
Mr.. Houston to have charge of the des,
TIMES of a great department of the adj
Indeed, President Wilson
himself is on trial, in the minds of a
great many people of the United States,
and will be, until some real crises have
been passed through. In view of that
fact perhaps the grange ought to give
Secretary Houston somewhat longer
period in which to come up to the ex-
pectations of its members, just as the
country is willing to give President Will
son that extended time.
The Barre daily times. (Barre, Vt.) 1897-1959, 1913-11-19
w. L. CALDER
ALDERMAN
Continued from FIRST page,

council took a stand on the interpreta
ton of the l9l2-l9l3 tax law different
from that of the city assessors.
Warrants for the week were ordered
paid as follows, Chief Sinclair OF thu
police department and Driver H. G.
Young of the fire department being al
lowed full time for unavoidable alb
senees: Street department. Sl99. 90,
streets, sewer, sidewalk, bridges and
culverts, street sprinkling accounts: wa
ter department payroll, 5000; fire de-
partment payroll, SsT.sl; police depart.
ment payroll, S03,s3; G. A. Bemis, sl4.
services as janitor,
Before the board of aldermen adj
journed the clerk asked what disposi.
ton was to be made of some 200 books
in Spanish, Italian and French, present
ed the Aldrich public library sometime
ago. The books had been left in the
clerks office pending the action of the
library committee in finding someone
who would peruse the books and ascer-
tain the character of the reading therein.
The matter was referred to the library
committee. On inquiry it developed that
Antonio Cavalazzi, barber, who left
town sometime ago, had donated the
books TO the public library. Before dis
seminating the literature, the library
committee had sought to take counsel
with those who could read intelligently
the contents of the 200 books.
The Barre daily times. (Barre, Vt.) 1897-1959, 1913-11-19
THE GETTYSBURG ADDRESS
OF LINCOLN.

Fifty years ago to-day Presi-
dent Lincoln delivered his memo
rable Gettysburg address, as fol-
lows:
"Four score and seven years ago
our fathers brought forth on this
continent new nation, conceived
in liberty and dedicated to the
proposition that all men are Great
ed equal. Now we are engaged in
great civil war, testing whether
that nation, or any nation so con-
ceived and so dedicated, can long
endure. We are met on q great
battlefield OF that war We have
come to dedicate portion of that
field as final resting place for
those who here gave their lives
that that nation might live. 1t
is altogether fitting and proper
that we should do this.
"But in a larger sense we can
not dedicate, we cannot conse-
crate, we cannot hallow this
ground. The brave men, living
and dead, who struggled here have
Consecfateu III Tar ABOVE our poor
power TO add or detract. The
world viii little note nor long re-
member what we say here, but it
can never forget what they did
here. 1t is for us, the living, rath-
er, to be dedicated here TO the un-
finished work which they who
fought here have thus far
SO nobly advanced. 1t is rather
for us to be here dedicated TO the
great task remaining before u.s.
that from these honored dead we
take increased devotion to that
cause for which they gave the last
full measure of devotion; that we
here highly resolve that these
dead shall not have died in vain;
that this nation, under God, shall
have a new birth of freedom, and
that government of the people, by
the people. for the people, shall
not perish from the earth"
The Barre daily times. (Barre, Vt.) 1897-1959, 1913-11-19

The sworn statement filed by Charles
s. Bird, recently candidate for governor
of Massachusetts, says that Mr.. Bird
spent slightly over $4,000 in his race
for the votes of the people of that com
monwealth. The amount is about the
same as that spent by another candidate
for the same position, Augustus P, Gard
ner, and it is altogether too large, al
though this high cost OF running is per-
haps commensurate with the high cost
of living in the United States at the
present time. A man whose personality
is not powerful enough to impress it
self on the people OF commonwealth
without such excessive expenditure ought
to wait till his deeds make him better
known.
The Barre daily times. (Barre, Vt.) 1897-1959, 1913-11-19

When a district attorney is able 10
cut down the verbiage of an indictment
from 900 words TO 90 words without
losing the sense or the force of the in
dictment, we say the voters did well in
their choice. District Attorney Cropsey
of Kings county, in New York, has just
done this work of amputation skilfully
and painlessly, looping off the unnec-
essary words and phrases which have
come from dusty legal lore and proce-
dure until many people thought they
were sacred. The result is that King S
county will have indictments which are
easily and clearly read by the layman
as well as by the lawyer, and the ma
iesty of the law has not been trampled
upon, either.
The Barre daily times. (Barre, Vt.) 1897-1959, 1913-11-19

There is good deal that il unex-
planned in this letter writing and letter
revelation in connection with the pro-
posed appointment OF Editor Pindel of
Peoria as ambassador to Russia. Per-
haps the trial of someone alleged to have
been connected with the case will serve
to clear up a mystery. Or is this case
in which the curtain of secrecy is to be
drawn in front OF the entire people OF
the country? Still, the step having been
taken in the arrest Of a stenographer, it
would seem that the matter will have to
go on to a complete unravelling.
The Barre daily times. (Barre, Vt.) 1897-1959, 1913-11-19

Former President Taft is frank enough
to admit that he was deceived as to
the condition Of Charles w. Morse, for
mer financier and again fnancier, the
man who was reported to be dying in
the federal penitentiary and who was
released from the institution BY Taft's
order. If Taft had admitted one or two
other mistakes tas they appeared to the
majority of the public while he was in
Office, he might not have been so UNI
tremendously dropped. But along with
Taft's frankness, there goes a constancy
of faith which caused him to stand pat
and take the consequences.
The Barre daily times. (Barre, Vt.) 1897-1959, 1913-11-19

Huerta's former counselor, Secretary
Aldape, probably was glad to get away
from Mexico with his head still resting
securely on his neck; at least it is not
ed that he lost no time in getting out
Of the boiling tumult of that country.
Doubtless there will be Others who viii
wish that they were as safely out of
the country before this ruction is over,
albeit they do not belong to the same
faction as ex-Seeretary Aldape.
The Barre daily times. (Barre, Vt.) 1897-1959, 1913-11-19

The shakiness of gambling is shown
by the fuctuation in the odds on the
Harvard Yale game following Yale's
good fight against Princeton last Satur-
day. Now the odds are 10 to 8 that
Yale will beat Harvard, whereas before
last Saturday. they were 2 to ! that
Harvard would win. The real odds are
in favor of the person who stays out
of the gambling ring.
The Barre daily times. (Barre, Vt.) 1897-1959, 1913-11-19
JINGLES AND JESTS
Self forgetful.

A disappointed artist, indulging in a
vein of abuse against Whistler. ex-
claimed:
He's without exception the most SUI
perfcial, self-sufficient, ignorant and
shallow creature that ever made any pre-
tensions to art"
Gently, my dear sir" interrupted
Whistler, who had been listening I'M
observed. "You quite forget yourself"
Tit Bits.
The Barre daily times. (Barre, Vt.) 1897-1959, 1913-11-19
what's the answer

When Boston was its tculture'sD recog-
nized seat, the leader of thought were
also leaders in action Washington Post
When Boston was the recognized seat
of cultured What blasphemy have we
herel When Washington was the recog-
nized seat, the leaders of thought were
fall at once ?-The New York Sun.