davidaulloa/AmericanStories huggingface dataset:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-08-24
To Cut Required Reserve.

That the country banks required reserve
be reduced from Is TO IL per cent. and
that not less than 4 per cent be kept in
the bank vault, not less than per cent
deposited with the federal reserve bank.
and the remainder with the correspond
ent.
That the reserve city banks required
reserve be fixed at Is per cent, instead OF
20 and q per cent. az by the former
variable SCALE OF this s per cent is TO
remain in vault, per cent In a federal
reserve bank. and 6 per cent with the
correspondent in a central reserve bank
That the central reserve city banks ie-
quired reserve. which varied from % 10 %
per cent. be fixed at 20 per cent. 10 per
cent in the vault and 10 per cent In The
federal reserve bank.
That the time limit on farm loans be
extended from nine 10 twelve months.
That the entire section Of the bill re-
lating 20 savings banks be stricken out.
so as TO leave the existing regulations
governing this class OF institution intact.
That the federal reserve banks issue
the necessary currency bank notes under
the control Of the Controller OF the Cur
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-08-24
Bankers for Directors.

That three of the directors OF regional
banks shall be experienced in banking
and live in the district
That the directors OF the regional
banks be authorized TO elect their own
officers. who. with the federal agent des-
ignated by the federal reserve board,
shall manage the institution.
That the appointee of the federal re-
serve board shall not act as chairman OF
the board of directors of regional banks.
but shall transact the duties OF a gov
eminent representative.
That the advisory board OF the federal
reserve bank be abolished, as under the
plan proposed the bank members would
have representation on the regular board
of the reserve bank.
That the authority of the federal re-
serve board to compel one member bank
TO rediscount paper OF another member
bank be made optional instead Of manda-
tory.
That the cumulative dividends allowed
member banks out OF the earnings on
their shares in the federal reserve bank
be increased from 5 per cent TO per cent.
That state banks accepting member
ship in federal reserve banks be required
to adopt the word national" In their
corporate names
That all government moneys be de-
posted in federal reserve banks. except
the per cent redemption fund OF out
standing national bank notes.
That federal reserve banks be pro-
hibted from redscountlng paper drawn
for carrying of securities other than
stocks and bonds.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-08-24
BANKERS URGE MANY
CHANGES IN CURRENCY
Continued from first page.

serve banks be made voluntary, instead
of compulsory. on the part OF national
banks, the same as provided In the case
Of state banks
That the amount Of the subscription
to the capital stock of the federal re-
serve banks be reduced from 20 TO 10 per
cent of the capitalization of the bank
applying for membership.
That. in order to remove the control OF
the federal reserve banks from political
influence. direction of the institution be
vested in a board of seven members,
composed Of the Secretary of the Treas
ury, as an eX-offlcio member; three
members to be appointed by the Presi-
dent of the United States. who shall
give due regard to geographical terri
tory of the country, and three members
to be selected by the member banks.
The terms of office are fixed at three,
six and nine years at the beginning, and
nine years for all members after the
first term. The salary is fixed at slO.-
600 a year, with allowance for necessary
travelling expenses.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-08-24

for an agricultural credit currency
This bill was amended in caucus to-day
In several relatively minor points THESE
amendments were in the nature OF sop
to the retreating insurgents. When me
caucus adjourned approximately one-haii
Of the bill had been approved, with the
fight yet to come on the powers oi 'he
Federal Reserve Board and the Ragsuaie-
Henry amendments for an agricultural
currency.
1.-THE Democratic members who are try
ing to amend this bill perhaps do not
appreciate the situation" said Mr.. Stan-
ley, of Kentucky, with sarcastic accent
This bill was not brought In mere 10
be amended, but to be exhibited. IL Is
already perfect. / do not know what
Phdias carved this bill, but | do know
II we touch 1t with mallet or chisel, or
change a line, we would mar its
symmetry We would not, we could not,
by improving it destroy its beauty.
That the Democrats were paying little
heed to the suggestions made by the
bankers conference in Chicago was made
apparent when Mr.. Ferguson. OF New
Mexico, made the unchallenged statement
that the caucus should not be drawn
away by anything the bankers may say
Mr.. Fergusson's speech was not answered,
and no other reference was made In the
caucus to the representations OF the
bankers.
An amendment offered by Mr. Murray
of Oklahoma, n near-insurgent. to in
crease the membership of the Federal
Reserve Boari from seven to nine men,
bers was defeated by vote of A to 100.
Chairman Glass accepted the sugges-
ton that a provision be included that the
President shall not appoint more than one
member of the board from any one re-
serve district. The bill originally pro-
vlded that the President shall have due
regard to fair representation of geo.
graphic divisions OF the country" in Sc
lecting the four appointlve members OF
the board.
Mr.. Stanley secured the adoption Of an
amendment making It obligatory on the
Federal Reserve Board to accept the appli-
cations OF state banks wishing to become
members Of the regional reserve associ-
ations. The words "or at its discretion
may reject such application" were strick-
en- from the bill, but II is provided that
the state banks shall comply with all the
requirements Of the new law in asking
for membership.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-08-24
ADVERTISING TALKS
By William &. freeman.


Ihave always regarded personal privilege liberal
talk bright business
from them what after in the business but
deal of information and good suggestions which
helpful work
occasionally that opportunity the
big things the automobile field Their advertising
special department which usually handled by
big bosses anybody the
This department The Tribune is under the direction of Mr. NJ
Sullivan asked the other day would like
wires told him that certainly would; that would be
delighted very of the automobile
had had been introduced by late side
John C. Wetmore; that I wanted O know of them
Mr. Sullivan and wandered up and down Automobile Row."
and experienced real intellectual treat They wonderful lot
business know why Mr. Sullivan knows much about
saesmanshp He frequent with
have him encyclopedia. Fortunate mani
suppose think that automobile
and big profits due the that per-
of the people afford buy automobiles The
not
and found surprise that notwithstanding this fact
percentage Of profit automobile sale greater
a shop Usually the profit
establishment is sohat woman's
$4,000 price This
merchant which is 500 than its and 80 3 of the
retail price.
other surprising things: That while
There
unfair claims made learned that
Sold that did end the interest of the the
toner they of keeping
their and finding the doing good work.
good work. they ask the bring back
let them FIX for which there is charge
mighty glad little intimate knowledge Of
great automobile industry.
The excepting the case OF the used branch Of the
business ALL ought Measuring
know have been getting and will continue their
when they buy automobiles The purchase Of
big transaction enough instances
pay and lot in the suburbs and when spends
such volume he to be that he
There high percentage OF trustworthy
industry There
line Of business but honestly believe that
there are very of them in the automobile business.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-08-24
Tax REGULATED by Gold Reserve.

Whenever the gold reserve Is W per
centun or more such notes may be issued
without tax; whenever such reserve shali
fall below 40 per centum and shall Dc
between 37iz per centum and 4" per
centum. such deficiency OF reserve shall
hear n tax OF interest at the rate OF III
per centum per annum. and for each ~
per centum or part thereof OF further re-
duction Of reserve an additional tax OF
interest at the rate OF IL per centum per
annum on such deficiency OF reserve snail
be paid into the Treasury of the United
States. and whenever and while such re-
serve shall be reduced TO % l-3 per centum
OF such outstanding notes, no further
ISSUES OF notes shall be made.
Whenever federal reserve bank notes
issued by one federal reserve bank shall
be received by another federal reserve
bank they shall be returned for redemp-
ton 10 the federal reserve bank by which
they were originally issued. and at its
expense for transportation No federal
reserve bank shall pay out notes Issued
by another under penalty Of a tax OF "
per centum upon the face value OF notes
so said out The amount OF such federai
reserve bank notes so issued by any such
federal reserve bank shall become first
and paramount lien on all the assets oi
any such federal reserve bank.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-08-24
DEMOCRATS IGNORING
BANKERS SUGGESTIONS
House Caucus Goes On with
Currency Bill Without Refer
ence to Chicago Conference.

From The Tribune bureau
Washington, Aug. 9.-With the wind
taken out OF the sails OF the insurgents
by the Bryan letter OF yesterday and the
regularity OF Mr. Underwood. the major
ity leader. the Democratic currency eau
Gus made material progress to-day on the
administration currency bill. The recall
citrants are now conserving their strength
for the attack on the redscounts section.
which. they assert. makes no provision
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-08-24
NO PEACE PACT WITH JAPAN.

Washington. Aug. %. The arbitration
treaty with Japan expired by limitation
to-day, and a supplementary treaty pro-
posed to extent its provisions remains IN
acted upon by the Senate. Means OF arbi-
trating the California and alien land ques-
ton or other disputes no longer exist, IN
less a special agreement should be made
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-08-24

rency. instead of having Treasury no'es
issued by the government
The conference considered this pan
necessary for the protection OF the gov
ernment's credit In time Of war or o'hei
emergency.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-08-24
GLEASON TO BE U. S. ATTORNEY.

Washington, AIg. 2.-John II. Gleason
OF Albany, was selected to-day by Presi.
den, Wilson for United States Attorney
for the northern district OF New York
He was Endorsed by all factions OF the
Democratic party in the state The In
cumbent IL George W. Curtiss. OF Bing'
hamton.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-08-24

The amendment proposed for this fro-
vision of the bill reads as follows;
"That federal reserve bank notes 70 oe
issued by permission Of the federai re-
serve board by federal reserve banks are
herebv authorized; the said notes snail
he obligations of the federal reserve
banks of issue, and shall be receNapie
by all national and federal reserve oahhs
and for all taxes, customs and otner pun
lie dues.
"Thev shall be redeemed In gold on de-
mand by the bank Of issue.
"Anv federal reserve bank, upon vote
Of its directors and within limit pre-
scribed by the federal reserve board. may
issue such amount of the notes hereh
after proyided for as II may deem pest
whenever any federal reserve pahk
shall pay out federal reserve bank notes
issued by II as hereinafter provided IL
shall segregate in It's own vaults anu
shall carry to a special reserve accouh.
on its books gold equal In amount 10 ~
nor centum OF the federal reserve BANK
notes so paid out by IT., such reserve u
be used for the redemption OF SAID red
eral reserve bank notes; that any rederal
reserve bank so using any part OF saiu
reserve to redeem notes shall immediate
L. carry to said reserve account an
amount of gold sufficient to make saiu
reserve equal to 40 per centum OF It's OUT
standing federal reserve bank notes ex-
cept as herein provided.
That the full amount OF such note IS
sues by each OF said banks shan AT al
times be covered by rediscounted paper
and purchase of foreign bills held by such
banks under the provisions OF TINS act,
however. nothing herein provided shai'
prevent an exchange of said federal re-
serve bank notes for gold of equal amount
OF the issue Of said federal reserve DAMN
notes for the purchase of Ike amount
OF gold Notes so paid out shaiI pear
on their faces the name OF the issu'he
bank.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-08-24
DIAZ BACK IN OCTOBER
Sends Word He Will Be in Mex.
leo for the Elections.
LRy Cable 70 The Tribune. |

Mexico City. Aug. 23.-General Felix
Diaz telegraphed to his partisans here
before sailing from Quebec for Europe
that he would be back in Mexico in
time for the October elections.
Washington standard. [volume] (Olympia, Wash. Territory) 1860-1921, 1913-03-07
HUGH TODD GOES EAST
VIII Confer with Politicians at Nation
al Capital ON Appointments.

State Democratic Chairman Hugh C.
Todd left for Washington, D. c., last
Wednesday, where he will confer with
John Pattison, national committeeman
from Washington, Charles G. Heifner
and other state party leaders now in
the national capital on endorsements
for federal appointments.
The following candidates are said to
be practically assured of appointment: /:
Maurice A. Langhorne, United States
attorney. western district. Washing
ton; Judge F. A. Mcdonald. postmast.
er. Seattle; w. H. Cochran, postmast-
er, Spokane; Maury c. Hayden, post.
master, Lind. For federal Judge of
the western district of Washington all
chances favor the recommendation of
Moore Of Seattle. Other candidates
for this judgeship are James T. Ronald
of Seattle. jeremiah Neterer of Belling.
ham. Robert w. McMurchie and John
T. Coleman Of Everett.
Washington standard. [volume] (Olympia, Wash. Territory) 1860-1921, 1913-03-07
TO BUY OWN ROAD DRAG
Residents Along Pacific Highway Pro-
pose to Keep 1t IN shape.

Because the county commissioners
refuse to maintain the Pacific high.
way from Olympia east to the Pierce
county line on the plea that the little
money a. their disposal is needed to
improve roads in other parts Of the
county. and also because they have re.
moved the King road drag which was
being used by the ranchers there to
keep the road In good condition at
their own cost, residents along the
highway from here to Lacey and var
ious local roads enthusiasts are sub.
scribing to fund of $3.50 for the pur-
chase Of King road drag and the
maintenance of the road.
All the local garages have subscrib-
ed to the fund as we'll as quite few
auto owners of the city, while ranch
ers in the district between Olympia
and Lacey whose business requires
constant travel over the highway are
also adding their names to the list.
The road Is much Travelled, particu.
larly by autoists and residents of
Lacey and the intervening section and
considerable dissatisfaction is being
expressed at the attitude of the
county commissioners.
Washington standard. [volume] (Olympia, Wash. Territory) 1860-1921, 1913-03-07
MONEY TRUST EXISTS
Four Groups Control Country's Finances
~ Says Committee.

WASHINGTON. March. THAT
q money trust does exist and that
its powers should be curbed by
stringent federal regulations as to
clearing houses and stock ex-
changes, were the findings Of the
house money trust committee set forth
In the majority report Of its investiga-
tions fled in the house this week.
The report, signed by Chairman
Pujo and the six other Democratic
members Of the subcommittee which
conducted the money trust probe. was
accompanied by two bills, one to reg
ulate stock, exchanges through for
bidding the mails to exchanges which
do not comply with federal regula-
tions, and the other to regulate clear
ing houses associations through for
bidding national banks to join such
associations unless federal regulations
are observed.
The committee says the money
trust" is composed Of four groups: one
headed by ]. p. Morgan & Co., one by
Lee, Higginson & Co., one by Kuhn.
Loeb & Co.. and the fourth by the First
National bank of Chicago. All have q
closely working understanding, the
committee declares.
Washington standard. [volume] (Olympia, Wash. Territory) 1860-1921, 1913-03-07
SEND MESSAGE TO WILSON
Governor and Democratic SOlOns Con
graduate Wilson.

Though in the midst of the closing
days of busy session, Governor List
er and the Democrats In the house
and senate did not forget national af-
fairs last Tuesday but stole time
enough to forward two congratulatory
kilograms to President Woodrow Will
son.
Governor Listers message was:
Accept my heartiest congratula-
tions on your Inauguration, and best
wishes for a most successful admins
tration."
The joint message was:
THE governor and Democratic
members of the legislature Of the state
of Washington send greetings. and be-
speak for you and the people OF the
United States a successful administra-
tion."
Washington standard. [volume] (Olympia, Wash. Territory) 1860-1921, 1913-03-07

Word was received in Olympia this
week of the death at McCleary of vii
liam Watt. cousin of Mrs. 8. H. West
over of East Olympia. Watt was kill
ed in an accident at the McCleary sash
and door factory but details are not
available. He recently moved from
Chehalis to MeCleary and Is survived
by . widow and . month-old baby. Two
brothers live ct Centralis and two sis'
ters In Tacoma.
Washington standard. [volume] (Olympia, Wash. Territory) 1860-1921, 1913-03-07

Nat U. Brown, editor of the Van
couver Daily Columbian. was in Olym'
pia for several days this week, mem
Der of the delegation urging the pass
age of the a mill levy to pay the
states share of the cost of constructing
the interstate bridge from Vancouver
to Portland. He Is well known In
Olympia, having worked here some
years ago.
Washington standard. [volume] (Olympia, Wash. Territory) 1860-1921, 1913-03-07

Kern Leads Seuate-Champ Clark IL
Speaker.
Senator John w. Kern Of Indiana
was chosen majority leader OF the
senate and Champ Clark Of Missouri
was unanimously renominated for
speaker Of the house. in the caucuses
Of tho Democratic members OF the
Sixty.third Congress this weak.
Washington standard. [volume] (Olympia, Wash. Territory) 1860-1921, 1913-03-07

About 26 neighbors Of Mrs. I. R. Nc.
Cormick gathered at her home on East
Fourth street and gave her . pleasant
surprise one evening last week. Re
freshmsnts were served and q good
time enjoyed By all.
Washington standard. [volume] (Olympia, Wash. Territory) 1860-1921, 1913-03-07
WOODROW WILSON IS AUCURAIED PRESIDENT OF UNITED STAES
ADMINISTRATION TO
Be WHOLLY WILSON
Also Progressive, With Welfare of
Whole People at Heart, Says
Sam Blythe.


sonality, characteristics and policies of
the man who was inaugurated presi-
dent this week. Samuel G. Blythe, one
of the ablest political observers of the
present day. summed up the new ad-
ministration in the last issue Of the
Saturday Evening Post as follows:
Here we have the two great phases
of the forthcoming Wilson administra-
ton: 1t is to be personal admins
| tration and it is to be progressive ad-
ministration. And the two important
questions are: What kind of per-
son is Wilson? and, What kind Of a
progressive is he?
"The best answer to the first ques-
tion is that Mr.. Wilson is a Wilson
kind of person. There is nobody like
him in our big politics at present, and
there never has been, SO far as l can
learn. He is tall, thin person domi-
mated by mind. He can be cordial,
suave, agreeable person In an entirely
logical manner. He can polite, gra-
cious, urbane person when the conclu-
sions agree with the postulates. He is
a tactful, polished, well-bred person
who is circumspect. polite, decorous.
He is social. sociable and sagacious.
He Is a person Of convictions who has
the courage of them-a man Of mental.
ity who makes his mind his mentor,
not his master.
"Mr. Wilson is q man Of force. He
has nerve. But-and this is interest
ing-he can be expedient as we'll a. ex.
igent. He Is more polite than politi.
cal-more diplomatic than diplomatist
He is intensely ambitious, but Judi
ciously prudent. He u daring and he
is discreet. He is canny and he ID
courageous. He looks before he leaps,
but he Is not afraid to leap. He rea,
sons and is reasonable -ponders and
lie ponderable.
"His most remarkable attribute ID
that ability to think on any subject
with detached mind, to consider Z
problem in an impersonal way-not
that he always does this-not that; but
he can do 1t and often does. There ID
nothing so vital to Mr.. Wilson a. his
personal career, but that does not pre-
vent impersonal thinking and acting
nor will 1t. What 1t has done and
what 1t will continue to do will be to
cause him to act in many instances
entirely without regard for any prece-
dent or convention or detail or out
side desire.
"The sum Of It is that the coming ad-
ministration will be q Wilson admins
tration-not more and not less. As q
Democrat Mr.. Wilson will also make 1t
a Democratic administration, but 1t
will be a Wilson Democratic admins
tration-not a Democratic-Wilson ad-
ministration.
"And he is going about 1t all calmly.
deliberately, methodically. systemati-
cally. He is not excited about being
president. He Is taking the office as q
trust given to him by the people and
he intends to be his own kind of presi-
dent in his own way ,and take all the
responsibilities. Rut-and this is the
basis of this kind Of president Is q
progressive president. who shall have
a decent regard for the political neces-
stiles of the party that nominated him.
but who shall, first of all, have much
higher regard for the welfare Of the
whole people"