davidaulloa/AmericanStories huggingface dataset:
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-09-22
The Government Should Be More Potent, Notices.,
In Its Control of the Nelv Currency System

speculation in Wall Street very large part of this fund
hreeorths OF It, according to expes loaned by the big
banks from day day ca loans for Wall Street operations
This enormous fund also greatly facilitates loans big
Business 1t aids the underwriting the trusts 1t facilitates
all the operations of Organized Capital.
The country bankers that deposit their with the big
bankers permitted share the profits of organizing trusts
underwriting shOrtte1n notes of big corporations etc.
Loss OF the profits derived from system which makes them
the legal cusodans Of all the funds of the country
rally the big bankers High Fnancers of New York and
omcago Also many country bankers their small partners
The statement of the Comptroller of the Currency No
Vember "A last, shows that TWO HUNDRED AND FORTY MIL
LION DOLLARS belonging the deposito of the 7473 national
banks IN all parts of the country that the custody
OF the big bankers Of the central Reserve Cities thus
put INTO the maerom Of Wall Street stock operations 1t has
thus come pass that Wall Street financed by the small depO
ltors OF banks in all parts of the country.
In the words Of the authors of the currency bill
the whole fight of the great bankers to drive from firm
resolve to break down the artificial connection between the bank
ing institutions of this country and the stock spectators the
money cens The avowed purpose of the bill to this evil
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-09-22
HOW THESE OBJECTS ARE TO BE
ATTAINED

To provide for additional currency and gradually to replace
the than $7OOOOOOOO of national bank in cca
on the Government proposes to establish twelve Reserve Banks
These banks will issue additional notes of currency obligations
of the United States, payable in gold lawful
change for the notes of merchants manufacturers and tadmen
The Reserve Banks will also hold large part of the of
all national banks will redscomt the commercial paper of the
individual banks and fix the rate of discount interest to be
charged for such rediscounts.
But the Federal Reserve Banks expressly forbidden
redscoun based upon stock and bond transactions
Wall Street collateral.
This system will supply the ordinary needs of trade 1t will
encourage industry 1t will facilitate legitimate business by max
the of discount stable 1t will greatly facilitate the
of the crops by temporary increase in the volume of
currency pay for them without disturbing the money
industrial centers
The Federal Reserve Banks be capitalized in this
The 1913 national banks of them the
SYSTEM and many of the $4,000 other and trust com
panes apply for national charters will each pay into the
Reserve Banks 10 cent of such banks paid up capital In
addition each bank will be required to keep the Reserve Bank
of its district small percentage of its deposits
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-09-22
WHY BANKERS DO NOT LIKE THE BILL

They like because the bill substitutes great PUBLIC
RESERVOIRS OF CREDIT in place of the great PRIVATE
RESERVOIRS OF CREDIT managed by private bankers
Under the present system small bank needing currency APP
plies its correspondent" big bank in of the
In return for this accommodation the small bank keeps
at all times part of its in the big bank
The present law operates in this way Under existing bank
statutes there only three central Reserve Cities United
States These New York Chicago and St Louis.
these central Reserve Cities the National Bank act
the orteven next largest cities the country
serve The requires all banks Reserve Cities to keep
nomuay hand at all times onequaer of the
their deposits But the law permits bank in
Reserve City send oneha of its total to the
central Reserve Cities special deposit and still count this
special deposit part of its exactly if the cash
in its vaults
1t is this system which has gradually grown up under
avong the larger national banks that enables eight banks
in New York and Chicago to control large part
of the entire country that they practically control the
credit situation
this fund which furnishes constant fuel for the fevered
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-09-22
WHAT WILL HAPPEN IF THE BANKS
FIGHT THE CURRENCY ACT

the
banks will a
The small banks object the breaking with
the big city banks They object snuou collection
which,
Bank of each district free of charge
The big banks object the little
principles behind the we have stated.
Many amendments in in
through the Senate that will improve IN
necessary Democratic col
will like amendment
principles measure
Of reform.
Many national banks refuse adopt They viii he
They banks
Many the largest banks the operate State
instead national charters There But there
than $4,000 banks the new law
all of these will be eligible membership they comply the new law
subscribing the Reserve Banks deposng small mart
of their
If all the national banks the country cent of their
capital the twelve Federal captaI
$1OOOO0OOO.
these banks would repositories
organized to-day the Governments deposited them would
to $135 100000.
The Reserve Banks would be the the Government
Deposits special funds of the the Cavern
ment's contribution to the deposits $2OOOOOOOO
will the
of the Reserve Banks only more than all
the national banks together
No big banker, high to the
United States the banking COMPETITOR The onv UNIV
which they the banking 20
cheeuy and heartily the currency reform 70
which the Government committed which interests re-
quire
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-09-22

r HE three objects of the before
the United States Senate
To PROVIDE under Federal control elastic curren-
that U expand according legitimate needs
of trade and commerce, and preUent ''panicS."
3 To extend the operations of the national banks to
the farmer agrcuIust hitherto excluded from the ben
es of the national king by the provision in the
banking act forbidding loans n real estate.
g. To make the national banks helpful to
industry and production instead of fostering they
do now speculation and n1onopoLieS.
The national banks fighting the bill in its present form
They are in sympathy with the first object above.
But they opposed any legislation that will disturb the
partnership between the big banks and the stock speculative oper
aons at the money cnte The avowd purpose Of the Owen
Glass bill is to break up this partnership The bankers do not
want that partnership disturbed.
They desire to perpeuae fictitious unscentifc system,
sanctioned by law but condemned by experience and bitterly Of
fensve to the American peopea system which everybody
encourages and promotes the widest description Of stock
gambling in the words of Chairman Glass introducing the
currency bill in the House.
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-09-22

fort work perfectly balanced whereby of the
pie throughout the country producers
of the country.
The greatest producing element country, namely, the small
w farmer should be the object
The bill the prohibition
by national banks but limits periods This
short and inadequate in
and right direction Congress Much radical
must be taken before relief had No currency
lem
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-09-22
THE CURRENCY REFORM BILL IS SURE
TO PASS CONGRESS
Opposition to it by privilege and plutocraey will be futile

IMPOSITION 10 IL py privilege and puocracy will be futile
The banks its greatly improve
all difficulties they will only hopabe spirit
n the principle behind absolutely necessary step
the comtry's progress
Without that control currency bill pass Congress
system the operations the Banks
of the
the Federal Reserve Board leaving appointed by President
the seventh member to be the Secretary Treasury.
With such board probable ban-and not the
Government-woud the
With three out of members actually by banks
be necessary order to make their
sent of only the other four Judged
the light of the the Secretary Treasury practice
with the bankers defense of bankers profits
As the national banks elect the
of the twelve Federal Reserve Banks
having supervision system Government
board An advisory board bankers helpful
cation of the the authority rpose the Govern
m The Government should potent than the present
bill proposes
The Federal Reserve compete any way with individual
banks Each these will customers
exactly a present
Bankers ought Reserve Banks
will control the public the public reservoir
of credit created by the and the
Governments general funds.
President Wilson entitled adopting the Owen Glass
Currency bill and making assume that he
will
Reserve Board shall be constituted partly by the
the banks This board should the public
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-09-22
ONE RESPECT IN WHICH THE MEASURE
FAILS

1t fails utterly to provide agricultural system
There no better security in the world than improved farms
for ongem loans and there other industry world
worthy of the fostering government agriculture
The farms of the country only sustain than 20O0OOO
opeope but the products the farms feed the 8OOOOOO
Nothing is important in this country stop the long
continued rise in the cost of living.
Food has risen in than clothing any
sity of life
The value of the American dollar compared with the prices
of food has shrunk too far and too @ 1t not tariff question:
trust question: mainly Hearst has shown by
comparing European prices with American.
United States than in Europe
first because population twenty the
production of FARMS and
and France bOows from local loan improve
and its production EXPRESSLY
FORBID national banks to make loans
Thus happens that the farmer borrowing money
his crops American
farmer forced " deal with loan agents of associations national banks
figures
By intensive farming thus made possible the German and the
produce twice a much the American
Cheaper loans for the farmer the greatest of
The total number mortgage
debt of $500 and a current debt of about the
The farm land according the
$3OOOONOOO
crops cbatt etc. amount
to $3OOOOOOOOO more
corng fees commissions for compulsory raising
total cost to than 8 annualan interest bill
States will
barely pay this charge
The farmer has the finest security for current loans namely r that
consumption world
of the Yet he double
double
Stock Exchange
heavy gambler
who produces nothing benefits nobody works not at all his st 5 %
made him Governments currency
created
lands negotiable
credit they need This has been
for less than The this about
In France another agricultural
the Credit Foner This institution started with government but
does need help Up
billion dollars,
are retired small instalments year
In this banks of
paving even less
deposor Washington has never made an f
Evening star. [volume] (Washington, D.C.) 1854-1972, 1913-05-04
Will Run the Saranac Lake Ball
Team This Summer.

Jim Tormey. a Georgetown athlete
will in all probability manage the Sara
nae lake team Of the Adirondack noun
tains this coming season. The manager
ship at the present time rests between
Eddie Harlens who is at the presen.
time the coach OF the, Johns Hopkins
team. and Tormey.
Toriney has played bali on this team
for the past three seasons and the team
has always been made UP OF. the fastest
college ball players. Last season the
team was managed by Dan Sullivan, the
coach of the Dean Academy team; of
Franklin. Mass.
: It Is understood that Tormey will take
with him several of the Georgetown
PLAYERS to aid him in his campaign dur
ing the coming summer.
Tormey has been the hard luck man
of the Georgetown base ball team dur
ing the past spring. He injured his knee
in the early practice and when he at
tempted to resume play again he found
Ii impossible TO put UP his best game
For this reason he hiss been kept on the
BENCH by the Georgetown coach during
the games.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1913-05-04
CORBETT SOME PITCHER.
Georgetown Prep Twirler Sought
After by Several Clubs.

Jim Corbett. captain of the George
Town Prep School base bail team. is a
youngster who is being sought for By
number OF prominent base ball teams
throughout the country. Bob Doyle.
scout OF the Savannah club, recently
visited this lad at the hilltop and tried
TO get him TO sign contract TO pitch
FOR the Savannah club during the COM
ing year. but this ne refused to do. 1t
IS understood also that the White Sox
have been strong after this most
promising twirler
There is no denying the fact thai
this lad is one of the best pitchers in
this vicinity. Last season was his first
year with the Georgetown Prep team
coming here from the ST. Joseph's prep
team OF Raleigh. y. c. In the game:
he pitched for the Props last season Ii
was very seldom that he had the
slightest difficulty in winning his
game. Usually he would strike out in
the vicinity Of twenty batters during
the game. The whole trouble with the
Prep team was in the fact that there
was not man on the hilltop pre-
paratory school squad who could hold
this fellow. and for this reason ONLY
he lost a few games.
IL 10 doubtful, though, IL corbett vii
attempt to play professional ball until
ne gets into college. While only 1
youngster of nineteen years he woulC
be very foolish to attempt TO enter the
professional ranks until after he has
had more experience. During the pa 81
spring he has done very little pitchin,
because 81 a sore arm.
There is s. ruInor current on the hill
top to the effect that C0rbett win en-,
ter Princeton next fall but whether h.
will or not is questionable, as IL i.
doubtful nor IL he leaves Georgetown
until he has graduated from the col
lege department. - q.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1913-05-04
FOUNDATION LOOKS GOOD.
Wins Blue Grass Stakes, Lowering
Governor Gray's Record.
ciaI IAiSnafch To The Star.

Special Dispatch to The star
LEXINGTON, Ky, May 3.-Foundation
looms as the contender against Ten Point
next Saturday in the Kentucky Derby. as
he stepped the mile and one-eighth in
the Blue Grass STAKES this afternoon in
ISL 2-5, lowering the record held by GOV
ernor Gray At the end he was simply can
tering fjye lengths ahead of the fast going
Donerail which in turn was twelve
lengths ahead of Gowell, the second
choice.
Foundation has been called morning
glory. but that was proved untrue this
afternoon. Ii is not unlikely that the
Mckenna colt will go to the post next
Saturday favorite or red-hot second
choice The Knapp entry, Sprite> and
Yankee Notion ia none.two in the handi-
cap and the latter is now regarded a
sure starter in the eDrby; l to was the
best obtainable against this pair, sum
maries:
First race. selling; tLree-;yeas,e:ds and ur six 81.
s4.io. 1920, won: white. 100 ,BoreI. s5.5U.
$3.50, second; Just Red, ~ steele, $3.50.
baird nag six mmf Day Lsoac Goldsn Ers ro ass
Ethelda. AlbIoch aud Lottie Jane also ran
Second race, purse; for naidcn fillies: two-year.
CAM, 50. 10. $3.50. $40. won; Martha Mckee,
ITO (Ioftus). $17.93. SLIGO. second. Lavallotta.
FLYING Francs, Relief. Mary Michael-. Jumrlia
Baby. Sister FLASK. Maud b. L. and Watermelon
also ran.
ssao. won:, Yankee Notions. ioa 'KarFict,:
f fusion, 500. third. knapp entry. Time,
IL 3-5 Three Links, Ymir and Clubs also .
roG1lh asS s ess n,e and
won: Donerail. 122 ttsoodei. ITO. out. second
Evening star. [volume] (Washington, D.C.) 1854-1972, 1913-05-04
MOUNT ST. MARY'S BEATEN.
Hoar's Good Pitching Gives Gettys-
burg q Victory, 4 to /.

EMMITTSBURG, Nd, May 3.--In-
ability to hit Hoar gave Gettysburg
the first game Of the series over Mount
ST. Mary's here today by a score Of
to J.
Up to the last OF the ninth the bat
tlefield pitcher held the moun.aineers
to two scratch hits. Only in the ninth
session did the locals have a look-in.
DeSnan led off for two bases. Higgins
singled. scoring Degnan. Pauxtos flied.
Sutton getting on. but Higgins was
caught at second. MCGUIRE was sent
up in place of Sebold and managed
to get on. Mclaughlin struck out. Ma.loy
pitched his first game for Mount ST.
Marys. being taken from third. Deg
nan taking his place. MallOy performed
wei, and held the visitors pretty we'll
In hand until he was hit in the head
by hard-thrown ball All Gettysburg
hits came at the right time, McCul-
Tough and Appler having two home
runs. Appler's drive was clearly mis-
Judged by sutton Both teams put UP
good fielding game. Kuhlman. Paux-
tos and Costello pulling in some diff
cult ones. At times Mount ST Mary's
managed to get men on bases. having
eight left on. but Hoar would tighten
UP and pulled himself out OF some
close pinches. This is the poorest hit
ting that the locals have done this
year. being unable to do anything with
Hoars delivery. Score
Mt. ST. Marv.s . y q - . . -
Batteries -sebo,d and Malos: Makofiie and
Hosr.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1913-05-04
The Full Beer Glass.

From the Brooklyn Eag.e
Germany is greatly excited by the new
beer law. BY this regulation II is directed
that every beer glass in public restau-
rant shall be officially marked with the
correct measure of the contents at a
point between two and four centimeters
from the RIM Of the glass. Nearly all the
glasses now in use are marked between
one and two centimeters below the rim,
and this space is not considered sufficient
TO allow the froth on the beer, and has
led to many legal disputes as to whether
full measure has been given or not. There
are 10000 houses of refreshment i'm Ba-
yarfa where draught beer is sold. II
new ela sses have to be provided the loss
10 tne trade could be reckoned at not
less than. an average of 80 per house in
providing new glasses.
The restaurant keepers object TO paying
for new sets OF glasses. and then having
to nav the brewers for the extra beer re-
ouired to fill the full measures: the brew
e,s object to the present glasses being
newly marked at O.05 and 0.45 of liter,
because that would entail a decrease in
the consumption amounting TO about
Der cent in the quantities they deliver.
The public object to help either the brew
orc or the landlords: consumers say that
they have too long paid for more than
they had, and now they intend to have
what they pay for. and they. are going
10 pay the fixed price.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1913-05-04
ANALOSTAN GUNNERS.
z. w. Ford at Last Makes Best Score
in Weekly Shoot.

Splendid scores resulted yesterday
afternoon at the weekly shoot OF the
Analostan Gun Club. held on the East
ern branch grounds, near Benn1ng
bridge, when nineteen marksmen faced
the traps. six members shot at double
targets.
f. w. Ford recorded the highest
score, as he broke "a saucers out OF
a possible 100. Ford missed only
birds out of his first SO targets. and
dropped l in the second SO. He has
shown steady improvement since last
year, and is now considered one or the
best marksmen in the club.
After missing only birds out OF his
first So Phil Steubener managed to
bring down l19 out of $50. George w.
Pack jr., also did we'll, as he killed
IS birds out of 100. In spite OF bad
start DIR. a. V. Parsons finished the
program with 81 dead ones" to his
credit out of the same number, while
G. d. Kirk got 80 out Of 100.
Using twenty-gauge gun. Lleuts
Wighers and Baum surprised their fol-
lowers by their high scores Lieut.
Baum smashed s. targets out OF 10
while the former dOwned 55 out OF 100
J. NJ Jones, visitor of the club and
a newcomer at the game, killed IS out
Of possible so.
W. ID. Dulaney and DIR. a. Y. Parsons
tied for top honors in the doubles, each
getting Is out of q. Miles Taylor was
next in line with a score of 10 out OF
the same number.
The official scores:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1913-05-04
HUNTER BEST SHOT.
Carries Of Honors in Weekly Shoot
of White FLYER Club,

Joe Hunter carried Off high honors yes
terday afternoon at the weekly shoot or
the White Flyer Gun Club, held on the
grounds at Goth and A streets southeast
as he killed eighty-five birds out Of a
possible 100. Splendid weather conditions
prevailed and seventeen shooters were on
the firing line.
Hunter started off with twelve down
out of fifteen, and in the second event
missed two birds out of ten. After
getting twelve out of fifteen in the next.
he dropped one out of ten and lost the
same number in the fifth time up. at
fifteen targets. He killed twenty-one
pigeons out Of the next twenty-five. and
finished up with nine down out OF ten.
second highest score. when he brought
down sixty out of seventy-five. In the
opening event he dropped three out or
fifteen and made perfect score in the
next ten-target event Ten broken sau-
GERS out of fifteen was the best he could
do in the next time up, and this was 1oi-
lowed with nine out of the next Ten.
Smith lost three more in the fifth, OUT
of fifteen, and out of his last ten man
aged to kill seven birds.
Dr. f. McQuillan smashed forty-fiye
saucers out of seyenty-fiye. while j. l.
Moffett got forty out of the same number.
The next tourney will be held Tuesday
at 10 o'clock.
The Official scores:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1913-05-04
MICHIGAN GOES DOWN
BEFORE CORNELL
lthacans Hand Out Surprise
in Dual Meet by Winning,
IS to 80.

ITHACA. y. Y. May 3-Corneu easily
defeated Michigan in the first dual track
meet OF the year today, the corrected
score being 81 TO u. The outcome was
surprise TO both colleges, but was
brought about through the absence of
Han. the quarter and half mile Micli-
gan runner. and by a mishap to Craig
the Wolverine hurdler. Craig fell over 4
hurdle at the beginning Of the low hurdle
event and was d.stanced Half was too
lame from a pulled tendon 10 compete.
tornelIs surprises We're noted i'm the
sprints and the two miles Steiden won
the two-mile run with ease Keller, the
Cornell sprinter. ran the hundred Yards
in ten seconds fiat. and was followed by
his teammate. Ingersoll. by few feet
Although no track records were
broken. the quarter was fast. as was
the high hurdle event. which was won
Dy WINERY in l6 Is seconds Can.
John Paul Jones of Cornell won his
events handily in the half and mile
Michigan made the best showing in
the high jump and hammer throw. ia
which events the Wolverines won their
only first places They landed first
and third in the high jump. They won
second place i'm five events only. Cor
nell taking all other first and second
places. a total of eleven frsts and eigh,
seconds
Evening star. [volume] (Washington, D.C.) 1854-1972, 1913-05-04
GREAT INTEREST IN
BIG TENNIS GAMES
President and Diplomats May
Attend Matches in
New York.

NEW YORK. May 3.-The President
of the United States and diplomatic
representatives of nations which are
competitors for the Davis international
tennis cup may be spectators of the
play between the American and Aus
tralian teams to decide which shall
make the trip to England for further
play in the trophy competition. r. D.
Wrenn of the American international
committee stated today that President
Wilson and the English, French, Ger
man and Belgian ambassadors had been
invited to witness the matches here in
June.
II. II. Hackett and n. ID. Little, the pair
whom Americans have hoped to see round
into shape for the matches against the
Australians. were defeated today by G..
F. Touchard and T. r.. Pell in a tryout
match. CO. 6-3, Sc, 2-6. 64.
Little, despite the fact that it was his
first appearance of the season, played
well. although a bit unsteady at times.
Altogether he surpassed Hackett. as the
latter had few chances from deep court.
TOuchard was the bright and shining
player on his side of the net. and the
turn of affairs was due chiefly to him.