davidaulloa/AmericanStories huggingface dataset:
The Washington times., 1913-06-12
The Munsey Trust Company
And That 40 Interest Rate

The four-peT-cent rate of The Munsey Trust
Company on savings accounts has created lot of
discussion in Washington banking circles. The
comments, in the main, are that we cannot pay four
per cent and live and that four per cent is not safe
rate. ...' - ..'.
Comments of this nature, made by competing
banks paying less rate of interest are exactly what
we should expect. They mean nothing. Money is
now, and has been for many months loaning at
very high rate of interest No time money is being
loaned at less than five per cent and most banks
getting as much as six per cent-some even more.
My contention is that the small deposition
should share in this high price for money in the way
of bigger interest on the money he has in bank.
Let me ask these bankers who criticise our big
ger interest rate to depositors how much profit they
think they should make on the depositors money!
Do they want to make margin of three or four per
cent prot? If So is such margin necessary in the
interest of safey-in the interest of good banking
~ and is it giving the depositor his share?
Let me say to you, Mr.. Depositor, that such
margin is not necessary in a community where
banking is conducted on right lines.
Washington banks are now, and have been for
a long time, paying the penalty of false economic
theory theory that has brought into the banking
field two three times too many banks for the city.
This excessive competition has worked alike to the
disadvantage of the people of the town and to the
banks themselves.
1t has required so little capital on which to start
bank, and so little volume of business which to
live operating on the big margin of profit plan that
banks here in Washington have sprung up like
mushrooms all over the town and at all times of the
year So much competition has made it necessary
for banks to work large margin of profit. Few
er banks would mean more business for each bank
and with more business banks will be equally sue
cessful in doing business on smaller margin of
profit This would mean bigger interest to de-
positors.
The best thing in a banking sense that has ever
happened in Washington is the establishment of
The Munsey Trust Company, with its new ideas its
new policies, and its courage to do things in new
way. When The Munsey Trust Company opened
its doors for business on the 18th of May, it inau-
e1rated policy of liberality to the community.
Instead of two per cent on checking accounts and
three per cent on savings accounts, the prevailing
Washington interest rates. The Munsey Trust Com
panv at once established a three-per-cent rate on
The Washington times., 1913-06-12

Paul Davis, A. l.. Gill, D. J. Particle,
F. w. Baxter. and Gregor L. Noetzel.
Press and printing-H. v. Bisbee, H.
NJ. LeDuc, w. ]. E. Brown, and John
N. Stevenson.
Athletics-C. L. Gable, Nelson A. Carr,
o. ]. Randall, W. T. Spence. j. w. Carr
and c. w. Stanton.
The Washington times., 1913-06-12
Royal Camera Fiend.

LONDON, June 12.-Princess Mary has
become an expert photographer and she
uses a camera OF American make.
The Washington times., 1913-06-12

checking accounts and four-per-cent rate on saw
> ngs accounts ...-. -..
Furthermore it initiated a system of figuring
interest that brings fullmeasure interest to the de-
positor. initiated the daily balance plan of figuring
interest which means computing interest on the
average balance in the bank for calendar month,
instead of computing interest on the lowest days
balance in the month. There is an enormous diff
ference between these two systems.
And it initiated as we'll the fares and squarest
and most liberal plan for savings deposits ever de-
vised and put in force in any community anywhere
in the world. .,
The establishment of The Munsey Trust Com
pany is therefore the best thing in banking sense
that has ever happened to the people of Washing
ton-the people of Washington who have a bank
account, whether checking account or savings ac-
count.
And the establishment of The Munsey Trust
Company will, in the end prove to be the best thing
for the best banks of the city.
1t tmeans simply this, that the innumerable little
banks little in capital and some of them little in
volume of business cannot meet the new condi-
tons inaugurated by The Munsey Trust Company
and do business proftaby. The overhead charges,
covering rent, heat, light service, officers and
clerks, aggregate too large sum to be borne by a
small business working on small margin of profit
And the small margin of profit inaugurated by The
Munsey Trust Company has come to stay.
The logic of the situation is that all banks in
direct competition with The Munsey Trust Com
pany will have to meet the interest rates of The
Munsey Trust Company and will have to square
themselves to the methods of figuring interest put
in force by The Munsey Trust Company -.
One word more, Mr.. Deposition, concerning our
interest rates. If the time ever comes when find
that four per cent is more interest than we should
pay on savings accounts and that three per cent is
more than we can pay on checking accounts you
may rest assured that we shall know it first
And you may rest assured, too, that we shall
have the courage to square the interest rates of The
Munsey Trust Company to changed conditions,
whether it means bigger or smaller rates. The one
thing beyond all else that The Munsey Trust Com
pany stands for is safety.
1t cannot be fancied by any intelligent person
that would lend my name to a clearinghouse and
have that banking house do business on unsafe
lines Ny ambition for The MunSey Trust Com
pany is that it shall become great powerful bank
here in the National Capital-a bank that will he of
great usefulness to the whole community
The Wahpeton times. [volume] (Wahpeton, Richland County, Dakota [N.D.]) 1879-1919, 1913-08-07
OLD-TIMERS PREPARING
FOR HOMECOMING WEEK.
sserstary Wants Many Additional
Names % That Invitations
Can bs Sent Early.

Invitations are now being sent
to former residents of Wahpeton,
notifying them of Home Coming
week to be held in connection
with the Richland County Fair on
Sept. 80 and Oct. 1928.
Every mail brings in a list of
names suggested by some relative
or friend for whom invitations are
sought. These are mailed from
the secretary's office, thus saving
much time and trouble for local
residents.
Many additional names are
wanted by the secretary-thous-
ands, if possible-and Wahpeton
people are urged to send them in
early in order that the recipients
of the invitations will have plen-
ty of time to plan and prepare
for the. Homecoming.
With proper cooperation from
those who know where the, old
timers are located, the Home
Coming week ought to prove a
pleasant OCCASION. It will be an
occasion for recalling the hap
penings Of the days gone by. The
memories can be turned back ev-
en- if the clock of Father Time
cannot be changed. Many an in
teresting Renaissance will result
from the gathering of old cronies.
'scho0lmates, business associates
and distant relatives. Surely, the
anticipated pleasure is worth the
little effort to mail the secretary
the much desired names.
The Wahpeton times. [volume] (Wahpeton, Richland County, Dakota [N.D.]) 1879-1919, 1913-08-07

A loaf of white bread,
A plain layer cake (three lay
ers.)
A half-dozen doughnuts,
A half-dozen Parker House
rolls.
A green apple pie.
First prize is a Hawks cut glass
bowl offered by E.E. Basset, local
jeweler. Second prize is q case
Of Calumet baking powder and the
third prize is five pounds of home
made candy, the latter offered BY
the Wahpeton bakery.
Offer Mandolin % Prize
The Indian Work section is ex-
pected to be a big attraction this
year. A $25. 90 mandolin offered
by the Stone Piano Co., Fargo, N.
D., is the prize offered for the
best collection of Indian work.
There are suitable second and
third prizes.
Each of the other sections has
an abundance of special merchan-
disc prizes, in addition to the us
ual cash prizes, which are the
same amount as last year, max
ing a double incentfveaNor pros
pective exhibitors.
Consider Town Dlsplays
Mrs. Peter Mergens of Fair
mount was desirious Of having q
competition between the various
towns in the county. The fair
board offered to put up a silver
trophy in the event that such q
contest was held, the same to re-
main the property of the town
winning it three times. After q
lengthy discussion it was decided
that it would be unwise to inaug-
urate such a competition this
year.
The board will endeavor to get
an expression of sentiment from
other towns regarding the project
and if there is sufficient demand
for the same it will very likely be
made a part of next years ex-
hibit.
The premium list containing .
complete list of prizes will be of
the press shortly. Those inter-
ested can have copies by apply
ing to the secretary, Mrs. Soaring.
The Wahpeton times. [volume] (Wahpeton, Richland County, Dakota [N.D.]) 1879-1919, 1913-08-07
ADD Two MORE SPECIAL
TRAINS FOR FAIR WEEK
Great Northern Railway Comes 70
Front with Eight specials
Making Two Each Day.

Further evidence of the interest
taken by the Great Northern rai!-
way in this years fair is indicated
by the fact that Howard Noble,
general passenger agent, has con-
scented to add two more trains
to the list Of special trains for
the fair, making eight specials,
instead Of six, as previously an
nounced.
The two additional trains were
asked for by Secretary Geo. w.
Woods for the opening day of the
fair. Heretofore it has not been
customary to have specials for the
first day, but this year an attempt
will be made to make the first day
The Wahpeton times. [volume] (Wahpeton, Richland County, Dakota [N.D.]) 1879-1919, 1913-08-07

The secretary has ordered H.
600 yellow and red penants, bear
ing an announcement Of the fair
dates. They are for automobiles
and will be distributed about three
weeks before the opening of the
exhibition and race meet.
The Wahpeton times. [volume] (Wahpeton, Richland County, Dakota [N.D.]) 1879-1919, 1913-08-07
HovvDY nEIonBoRl
say

u your nelshbor's pig
lets are making hogs Of
themselves; II Farmer
Brown has the best crop
Of oats or wheat In Your
section; II Deacon Jones'
bay marc steps . mile In
any kind Of time; u Hem
ry's best girl 10 making
. crazy quilt out o. hls
disoardsd elk ties; u
YOUR cow 10 giving more
cream 70 the quart than 10
usual; u YOU know Of Z
hen who 70 Matching some
duck eggs; II Mothsr has
tie reputation o. making
the best oruIlsrs Of any.
one In town, Ii short, u
YOU know Of anybody
who can do something
better than all Or most al
other persons, or u YOU
know Of some unusual
phenomena or state Of af-
fairs In your vicinity,
tell the Fair Secretary
about Il. he may % able
70 secure some exhlblts
through YOUR snorts.
The Wahpeton times. [volume] (Wahpeton, Richland County, Dakota [N.D.]) 1879-1919, 1913-08-07

The next time you are out in
the country, scouting around and
looking at the crops, take par
ticuar notice of the corn crop.
Perhaps you will discover q small
patch that appears to be isolated
from the rest of the stalks, ap-
parently forgotten. But if that
particular patch belongs to one
OF the 500 entrants in the Rich
land County Corn Growing con-
test you can bet your boots and
anything else you've got that it is
getting more attention than any
other crop on the farm.
That Richland county boys can
raise corn which is the equal Of
any in the so-caled corn belt, has
been proved beyond the possibili-
ty Of doubt. They are now
striving to lead the world in this
particular and they are not far
from success. II each Of the 500
! entrants brings in the ten ears Of
corn required for competition for
the numerous cash and other
prizes, the 5000 ears will make
a pyramid which will necessitate
removing part Of the roof in the
agricultural building in order to
house the same.
8upt. Thornton After Record
Last year i48 boys within the
age limits-9 to 10 years-dis-
played 10 ears Of corn each. j.
w. Thornton, county superintend
ent Of schools is out to break that
record. Largely through his eff
forts and the work of F. H. Hank
ms, former assistant to the coun-
ty superintendent, ,the sum Of
$4,000 has already been sub
scribed to be distributed as cash
prizes. More subscriptions are
expected to swell the total beyond
that offered in previous years.
Trips 70 Fargo q. Q.
In addition, the three boys
making the best showing general
ly in this contest, will be given q
weeks trip to Fargo to attend the
agricultural college without one
cent Of expense to them. The
The Wahpeton times. [volume] (Wahpeton, Richland County, Dakota [N.D.]) 1879-1919, 1913-08-07

trip will be made during the wiz,
ter vacation and the boys will be
in charge Of the county super
intendent or some one delegated
by him.
The first prize winner will also
retain possession for one year Of
the handsome silver trophy dona-
ted in 1910 by Connolly Bros. Of
Wahpeton, and which bears their
name. It is now held by Knute
Tideman of Walcott township who
is the third boy to win it and
have the privilege of having his
name engraved on the same.
Glenn Swanson Of Paramount dis
trict won it in 1910 and Leslie
Swanson from the same district
won it in 1911. They were 9 and
II years old, respectively, when
they won the trophy.
Conditions Governing Offer
The trophy is to become the
permanent property of the person
winning it three times, or if diff
ferent prize winners come for
three successive years from the
same school district, the cup will
become the absolute property Of
that schol district, to be tied off
to the most successful school boy
corn-producer there.
When Knute Tideman won tho
trophy for Walcott township he
prevented it from becoming the
permant possession of Paramount
district, but the boys from the
latter district intend this year to
try and win back their lost laur-
els. With the two Swanson boys
again entered and Knute Tide
man barred on account of having
reached the age limit, the Fair
mount chances look pretty good,
but there is always q chance Of q
dark horse" slipping in.
It ought to be a great contest.
The complete list of prizes and
the distribution Of cash prizes
will be announced in the premium
list, which will be off the press
shortly.
The Wahpeton times. [volume] (Wahpeton, Richland County, Dakota [N.D.]) 1879-1919, 1913-08-07
TRAvELlAo MEN Doosr

Conductor! Put me off at
Wahpeton, Sept. 80 to Oct. g."
is the inscription on 10000 gum
med labels recently ordered by
the fair secretary. Travelling men
making Wahpeton their head
quarters have promised to dis
tribute the stickers wherever they
90. When it comes to boosting
leave it to the knights Of the Grip.
The Wahpeton times. [volume] (Wahpeton, Richland County, Dakota [N.D.]) 1879-1919, 1913-08-07
MUSIC " THE cAR LOAD

The Stone Music Co. OF Fargo,
N. D., has promised to show q
car load Of musical instruments
the fair. This exhibit ought to
prove one Of the most interesting
on the grounds as there will be q
quartet in attendance, while other
music will be furnished by expert
manipulators Of the pianolo and
other instruments.
The Wahpeton times. [volume] (Wahpeton, Richland County, Dakota [N.D.]) 1879-1919, 1913-08-07
DIRECTORS 70 MEET
NEXT SATURDAY

A meeting Of the directors Of
the Richfand County Fair assoc
iation has been called for next
Saturday afternoon at & O'Clock at
the Wahpeton Commercial club
rooms. There are q number Of
important matters to be disposed
Of and DR.. F. n. Gilbreath, presi-
dent, hopes to have q full attend
ance.
The Wahpeton times. [volume] (Wahpeton, Richland County, Dakota [N.D.]) 1879-1919, 1913-08-07
4 REAL FURNITURE DISPLAY

Inc dlODe-JaZette printing Go.
Of Wahpeton, will have a COM
plete line of Office furniture and
supplies on exhibition in the
main building on the grounds of
the Richland County 1919 Fair.
Eckes & Worner will have a
booth for the display of some Of
their best household furniture.
The Wahpeton times. [volume] (Wahpeton, Richland County, Dakota [N.D.]) 1879-1919, 1913-08-07
WOMEN'S BOARD ENTHUSIASTIC;
WORKING FOR RECORD EXHIBIT
Mrs. Jos G. Forbes Elected President --Arrange Inviting
Premium List and Add Unique Features---The Other
Officers and Committees

Work in the Women's Depart
ment of the Richland County
Fair assumed definite shape last
week, when the board of managers
met and elected Mrs. Jos. g.
Forbes president, Mrs. J. C. Scar
in gsecretary and Mrs. P. H. Muir
ray treasurer, for the ensuing
year.
After the board had talked over
plans for the coming fair and had
placed the numerous merchandise
prizes which Secretary Geo. w.
Woods turned over for use in the
department, Mrs. Forbes announc
ed the personnel of the ladies who
will have charge of the various
sections of the exhibit. The list
follows:
Fruit
Mrs. P. H. Murray, Mrs. w. J..
Robinson and Mrs. o. A. Leach.
Cooking
Mrs. w. F. Eckes and Mrs. NJ.
A. Thompson.
Fancy Work
Mrs. w. S. Lauder, Mrs. P. C..
Olson and Mrs. Peter Mergens.
Arts
Mrs. Dan R. Jones and Mrs.
Frank Eberley.
indian Work
Mrs. C. B. Kidder and Mrs. G..
F. Sewrey.
The work of securing exhibits
for the different sections is al
ready we'll under way. Each of the
committees is bending every eff
fort to Guido the other in the
number and quality of the articles
to be displayed. This friendly
rivalry is bound to produce an
exhibit which has never been
equalled in this section Of the
country. Mrs. Forbes and Mrs.
Soaring are lending valuable as
sistance wherever they see an OPP
portunity.
Unique Baking Contest
The cooking department is es-
pecially inviting this year because
it contains a special baking COM
petition. The competition will be
open to all and there are three
prizes offered for the first three
winners. Each of the entrants
will be required to bake
The Wahpeton times. [volume] (Wahpeton, Richland County, Dakota [N.D.]) 1879-1919, 1913-08-07
Uniouo DakIna 0ontoot

a banner day in attendance rec
ords. 1t has been designated as
Homecomers' day and special
features will be added to make it
interesting.
The lineup of trains is now as
follows:
a From Lidgerwood Oct. 1 and 8.
From Rutland Sept. 80 and
Oct. 2.
From Kindred Oct. 4 and 3.
The Wahpeton times. [volume] (Wahpeton, Richland County, Dakota [N.D.]) 1879-1919, 1913-08-07

All of the premium ribbons will
be embellished with the seal Of the,
State of North DAKOTA, making q
very attractive design. The let
tering will be in gold.
The Wahpeton times. [volume] (Wahpeton, Richland County, Dakota [N.D.]) 1879-1919, 1913-08-07

From Casselton Sept. 80 and
Oct. 2.
Complete time and rate sched-
ules will be announced about Sep
TENDER 1.
Pierre weekly free press. (Pierre, S.D.) 1889-19??, 1913-10-16
HUERTA SAYS HE WILL
RETAkE TORREON SOON

Mexico City, Oct. 1.-THE number of
Spaniards who lost their lives when
Torreon was taken from the federal
troops by the rebels has dwindled to
nine instead of the 60 or 10 at first re-
ported. A Mexican, who asserts hat
he was present in Torreon when the
rebels entered, arrived here today n
says that, all together, only 10 persons
We're killed when the city was taken,
They were shot for failing to deliver
and goods demanded by the
rebels as loans"
The same messenger declares that
the rebels entered Torreon in good or
der and at the outset of the occupation
there was no looting. They were COM
manded by Generals Villa, Pereyera,
Tomas, Urbina and Panflo Natera.
General Natera, who appeared to be in
chief command. took steps to protect
property. but demanded certain funds
and provisions from the residents.
Provisional President Huerta ap-
pears to regard the loss of Torreon as
of no particular moment from a mill
tary standpoint. He declared today that
it was fortune Of war and that the
place would be quickly recovered by
the federal troops. He admitted that
the moral influence of the fall of Tor
reon was bad, since it might give the
people of Mexico ar unwarranted idea
of the strength of the rebel forces.
With the at the command
of the government, General Huerta
asserted his confidence hat it was only
a matter of days for Torreon to be re-
taken and all the prestige of the fed
eral troops r~egained. The president
said he was able to send 10, 900 men at
once to combat the rebels.
Pierre weekly free press. (Pierre, S.D.) 1889-19??, 1913-10-16
PRESIDENT MAY VETO
MEASURE TO RECESS
Smith Sounding Out Sentiment
for Adjournment to No
vember 15.

Washington, Oct. demonstrating it
settled that currency legislation will
not be enacted until December or jan
uary, Senator Hoke Smith began a
canvass of Senate democrats with a
view to recess Of congress until No
Is. The fact that Senator
Cummins is insisting IN the Senate
taking up some important work before
it while waiting for currency to come
out of committee, and the fact that
democratic leaders do not want to do
so. is an element, and President Wilson
has let democratic senators know he
will not insist on a currency measure
in the special session, but he may veto
a. f,6nocr- --l...- ..--E- = -.------
Pierre weekly free press. (Pierre, S.D.) 1889-19??, 1913-10-16
NEWSPAPER CAUSES
GREAT SENSATION

Kiev, Russia, Oct. 10.-A sensation
was caused here today by an article
in the conservative and anti Semitic
newspaper Kievlianin, assailing in the
strongest terms the court trying Men.
del Bellies On the charge Of numbering
Andrew Yushinsky. a Christian boy 81
Kiev in March, 1910.
You are treating Bellies like q rab-
bit on the table for a vivisectionfst.
It declares,
Pierre weekly free press. (Pierre, S.D.) 1889-19??, 1913-10-16
PURITY FEDERATION
TO HOLD CONVENTION

Minneapolis. MINI, Oct. 9.-B. S.
steadman, Of La Crosse. Wis, presi.
has prepared the for the sev,
enth annual congress which will be
held in Minneapolis beginning Novem-
per z, continuing until November u.
Educators, ministers and social work
ers from all parts of the United States
n from several foreign countries VIII
deliver addresses.
Pierre weekly free press. (Pierre, S.D.) 1889-19??, 1913-10-16
Will. PROSECUTE sUiT.

Washington, Oct. Thames w. Orr,
of Atchison, Kan. has been appointed
by Attorney General McReynolds a
special attorney Of the department of
justice to prosecute the governments
pending alti-trust suit to compel the
Southern Pacific to give UP its owner
ship of the Central Pacific. Mr.. Orr
will begin work on the case imrne-
diately.
Pierre weekly free press. (Pierre, S.D.) 1889-19??, 1913-10-16
FRISCO CELEBRATES

San Francisco. Oct. 1o.-San Fran
cisco was prepared to celebrate noisily
today the blowing up of Gamboa dixie
In the Panama canal. Bombs, bells and
whistles accompanied the cheering Of
thousands of citizens assembled at I'm.
Ion Square. A set program, including
the singing of patriotic songs, ad;
dresses and the raising of the American
flag by Miss Annette Rolph, daughter
of the mayor. and by a parade, wal
carried out.
AS a part of the days festivities the
site for Panama building on the ex.
position grounds was dedicated by
Jose Lefeyre. the Panam representa-.
tive.
The Atlantic and Pacific oceans wert
actually united today when the Gam
boa dixie was destroyed and the waters
Of Gatun lake were allowed to flow into
Cuibra cut as lake and cut are, at the
orSna surface of the water, S5 feel
above the level OF the sea.
Pierre weekly free press. (Pierre, S.D.) 1889-19??, 1913-10-16
WILSON URGES CLAYTON
TO REMAIN IN HOUSE

Washington, Oct. 11.-President viii.
son has urged Representative Clayton
chairman Of the House judiciary com
mittee to retire from the Alabama
senatorial race on the ground that hi.
leaving the House just as the admins
tration antitrust legislation program
is to be taken up would be a calamity.
Mr.. Clayton has about decided to with,
draw.
Pierre weekly free press. (Pierre, S.D.) 1889-19??, 1913-10-16
CONFESSES PLOT TO
KILL YUAN SHI KAI
Chief of Picking Mounted Police
Says Southern Rebels
Bribed Him.

Washington. Oct. 11.-Chen. chief OF
the Peking mounted police was ar
rested today while the ceremony of
inauguerating Ynan Shat kai as presi-
dent Of the Chinese republic was in
progress. He confessed southern rebels
had bribed him to assassinate the
president. Suspicion was aroused by
Chens persistent efforts to secure a
position near the president. Some
bombs were found In Chen's residence.