davidaulloa/AmericanStories huggingface dataset:
The leader-enterprise. [volume] (Fitzgerald, Ga.) 1912-1915, 1913-06-27

AS a standard apparatus for
measuring must and SCOT in the
air, a committee of English scien-
fists have recommended a rain
gauge with a wide collecting area,
the water finding its way into a
bottle for analysis.
The leader-enterprise. [volume] (Fitzgerald, Ga.) 1912-1915, 1913-06-27

Germany exports motor vehicles
worth nearly five times as much
as the automobiles imported.
Deutscher herold. [volume] (Sioux Falls, SuÌˆd-Dakota) 1907-1918, 1913-03-06

6rnuen angegriffcn ln0 oerpriiaeIt
iUur0en.
Die gliIitdrbeb6rOen BON 8aIes
ltno elmer abnIi9eu N2nItififotion
sum Spfer gefuaen, mte fiir3Iif IN
StrdBburg Die gon5e @arniion All
elmer angeblideu geiidtiquna burf,
oen aailer out Die 9eine brnd,ta
Sieltae militdriibe 1tno poIitiIde
amtslteIlen erbieIten BON anideinenO
alitoriiirtsr SteIle ggeiiuna, oieyfp.
btlmahung Der Serritoria[trllbpeni
81 beginner, Die, Dem gefebl 3ufoIae.
altt oen 9riegsfuB gebrad,t mcropll
lollten. gIIlsntbaIben fultrOen Ipfort
ON gfauern unO 3duneu WobiImo.
diingsbefebIe angeihIogen un0 SeIe.
graNme an ole entIegenen gesirfe
geihidt. Die ARRANGEMENTS fir Sia
llnterbringltng Der 2eute i'm giiracr.
qilnrttsren rparen bereits inn 8onae
OILS ore Wtpitififatiou uIs ioIhe ers
tannt ipur0e.
Ut o M StaIien Gem ,Gorriere
Stalia" miro aus Surent aeueIOef
oaB utter Ser Mannid,uft bes Opri
Dor Infer Iiagen0en itulieniidleu
Shlnbtidiffes p9ImoIifia" cine gPeil.
teret uttSgebrohen lit. Gte glufriib.
rer 5erihlugeu oiC aomuaIIe 6es
.Shiffes uno rihteten unOereu oro.
BEN S6aoen or, che tic ii6crudItiat
ner0eu fonutcn.
ct. &eterSburg, gfuBIan6
9te rllliilhe &egierimg bat beid,[oi.
len, Die SSrieOensurrnee 0cs bciteben,
DEN Seeres nm orei neue 9Irmeetorps
5ll erbohen. Die Mebrbeit Der On.
mamitgIieoar lift ougeni6etnIi6 fin
ben Blau.
Deutscher herold. [volume] (Sioux Falls, SuÌˆd-Dakota) 1907-1918, 1913-03-06
8crben nnicrc Srmpercu5ler es
Deritebrn?

@eIegentIid5 Der 0ebatte iibar ole
8eb6.gorIage, Die gegenpdrtig Dem
&rGiibeuten sur lluter5eihnung Dor
Iicgt, rmo Our9 ole befanutIi6 Der
&crinnOt geiitiger @etrdnfe nab trofs
fenen Stoaten pcrboteu iperocn iua,
murOeu inn &ongreB 9eribte ugrles
ien mO pon amerifattiiben Goniuln
in Iellti6IaIio, SSrantreid un0 Sta
lien, in rpcldeu Die jeoem 3euti1ames
ritaner geldufiaa Iatiud)e beitdtigt
miro, oub i'm Oicien 2Gu0cru OuS
Eriuten algenein perbreitet lit, DuB
aber SrlmFiuht cine uerbdItnisntabia
Ieltene Grideiung lit. gud) ein
8rief 0es cbemuligen 9Irbsitsfommiis
idrS 8tlliam 3. 8beeIer on oen Bra
iioentell Der SStaIienii6=amsritaliidcn
8ant in Gan SrnnciSco, u. Shabos
ro, fam 5ltr &erleiung, in 6em eS I'm.
ter moerm beiBt: ,@GbrenO meines
aufentbaltS IN S5tuIien gnb id mir
Die gr0Bte 0tiibe, cinen 8etriInfenen
allf5uipiircn. uber if fano feiner, ob-
ihon in 2StaIten jeoermam 8cin
trinft. 2as beit6tigt mir, luas id
fritber id)on geb0rt bnttc, ouB Die
S5taliener trob Der aQgaueinen Ser
breitlug DER Srinfiitte ein m1Biges
&olt iiuo. SD bin ielbit ein nrGBiger
Srinfer, aber fein 8robibitioniit. Der
groBe 6ebler 10 manhCr lpobImainen=
Der 2eute in lmierent 2au0e lit, DaB
lie 5ipiihen WtdBigfeit uno Grobibi.
tion nidt 81 unteriheioen ipiIicn. /"
Sbarboro fiigt Oieiem Shreibcn biu-
5ll: a@roBen ginOrud bot auf mid
Die iiingit BON Dem 2nromuDor BON
2oubon, Sir Ebomas 9oor Crosby.
in ieiner @igeuihaft ais goriibenOer
Der 9&atiouaIeu Scntperen3lign abge.
gebene @rfldruna ganndlt, 0uB oie
our6 0as 8eieB er5luungene stbitiner5
~ Rro6ibition flidlt Der geeignete
Seg ieL Ole gSeIt fir Die Sadla pab-
rcr WtaBigfeit 5it getuimen. Cir
Sbomas Itebt in ieinem 50. 2ebenss
iabre mo genieBt jebeu Sug gaiItigc
@etrGnfc. 9as nennt cr ,NfGBigfcit"
llniere Semperen5fanatife riperOan es
mabridsiuli6 niht periteben, oaB Elm
Ntanu, Der tdglid) iein @los Bier
trinft, oopr mas INNER eS iein mag,
trintt, I'M gngluno Der BrdIioent ser
gtutiouulen Semperen5liga ieiu fnnu,
ober lie brriteban ia 10 mandes nibt; /;
ibr ,Sanatisnlus bot lie nerniinftigen
@ripaglngen in5uganglid genaht.
Deutscher herold. [volume] (Sioux Falls, SuÌˆd-Dakota) 1907-1918, 1913-03-06
eanOitrafen nnO SdnlfinOcr.

6nlgcn0er gIus3ug altS Ser lano.
iuirtidoftIiheu 3eitllng ySnrm ano
sSireiioe" lit pieGeidt ollf SnO Ga-
fota 8erbdItniiie nidt san5 10 i6ari
5utreffeno als auf Die 8egeuerbGlt-
niiie in anoeren Stonten. 5roeOenl
lit aild i'll Siio 0afotu Oie sSroge ser
gltcn 8egc pon bo6em Sntereiic.
oSiinfuno5pon5ig MiaionenS6ul.
finOar giebt eS in oen Ser. Staaten,
iu0 meniger als adt5ebn MtiQionen
geben 8ltr SduIe. Die Sdlfte Der
nidt sur Shltle gebenoen ain0er le.
ben ant Dem Sanoa. Sdllehte @eae
nller gIrten perbinoern lie an Sdul-
beiu6. Sdle6te 8ege ueridledltern
allh Die @rtragsfdbi9feit Der 5nr-
men, mo Die 6olge Oopon lit mieoer.
cine Iblehtere Shule. SSn Den Ser.
Stanten mer0en aQid5rlidD cine groBe
gln8obl Gin0er auf oen giienbabuge-
laiien qetotet. g8esbalb2 @S limo
teine gliten gSege sum @eben porban.
Den, oesbalb benusen lie ole @eleiie.
8iele ainoar fonnen orh ni6t Sur
SdiIle geben, oenn es beiteben teine
Shilen in ibrer gfoflbaridoft.
Shledte @ege ba6en ole 5arnten 10
rnprofitabel gemn6t, DAB fein @elo
fiir S6nlen nltfgebradt lperoen tonn.
Sunoerte BON S6uIfinoern erbalten
nur menig SbuIbiI0ing, neil Der
goter ibrer Siilfe beborf. SdIed]te
@eae MAIDEN oos g3uritaotfabren"
ieiner 5armproOufte 10 foitipieIig,
Dab fem @elo 5ur 8e5obIlng fram,
Der @rbeitsfrGfte iibrig bleibt.
Der 9lppea, Der in obigen Saben
an 8ater lino Niutter gema6t miro,
fiir before Bege gum 3nef beIierer
Shulbiloung fir Die 4inoer, Iolte
aun in Siio 9ofota elm piliqes Sbr
finoen, uno miro es fin0en BEL @I.
tern, Die Dem @runoios Ieben: Des
4inoes @oblfabrt lit Oos b6dite Sc
Ieb.
Deutscher herold. [volume] (Sioux Falls, SuÌˆd-Dakota) 1907-1918, 1913-03-06
sSnauguratiORsfcicr in
@aibinstOn

g8aIbiugtou, .. g., 4. Rdr5. lin
1885 oertugte ii6 Der Senat beS
90. 9ongrcIIes fine Die. Gin Ser
iud, oie pom 8rdiioent Saft petirte
5unorp GiuiI.Gorlage iibcr oos 8ea
to bin au5uuebmen, ibIltg febl. 9as
Sous bertogte iid fine Die nm 1904
llbr, naboem IS Die Sunbrp Gintls
gorIage iiber bas Geto oes Erdiihen-
ten bin angenommen bate. Ter &c
nat 6e5 63. aougreIies trat unttr
@oriib Oes ueueu gi5eprdiiOtcu Wtar.
ibau 5ltiaumuen. Der Senatsfaplan
ipradb Elm 9ebet, uuo oann belt Der
8i5epr6iioeut Wiariboa feline Sumlglt.
rationSauipradle.
Deutscher herold. [volume] (Sioux Falls, SuÌˆd-Dakota) 1907-1918, 1913-03-06
gScb6 . Bill @eiei,.
&crian6t 6ernuIdIsnOer 8etranfc nadl
grOgi6itiunSltnuteH Ucrbuten.

&rGiiOent Saft bate Ole 8ill nit
ieinem gato beleqt, neil nad ieiner
lteber5eugltng imo nudI Dem 8lttadl.
ten oes @eneraIantpaIts oas 8eies
untonititlltionea lit. .v
Saus lnb Senat ba6en abcr nit
qroBer Mebrbait Die 8iq iiber 0aS &e.
to binlUeg angenommen.
Ger gluffproerimg oes &rdiioenten
oes Rationalbunoes folgenO, batte
audi Ser Staatsnerbano pom Siio
0ufota Oltrh ieine 9eanlten IN 0ieier
Sa6e elm 8roteit. .8elegramm OIL Die
8ertreter oes Staates i'm aougreB
geionot.
Deutscher herold. [volume] (Sioux Falls, SuÌˆd-Dakota) 1907-1918, 1913-03-06
!6gSe bon Gierrc ourdD Salt be-
gna0i9t.

Ser idluerrei6e @riu1oeigentums.
b6noIer SDOe BON Gierre lit ourd
8r1iiOent 8aft begnaoigt moroen
Sgoe mar betriigerii6er Snnolungan
llno 8erleBungen oes AoItgeiebes bal.
Der 5u 10 Dfonaten 3u6tbaus, 1900
Collars Strafe uno ole Soften Oes
8arfnbrens perurteilt noroen. Die
;3uhtbausItrafe bat er ME angetre.
ten. Ger SSaa bat Diel 9lufieben err
regt. 3nei 8unoesangeitelltc, Stills
onlpaIt @agner pon Siio 0utota un0
Sber -Yoitinipeftor Sborpe baben
oieieS Sales balber reIignirt, ga lie
nit Dem @orgeben ibreS 8orgeieeten,
8eneralanlpaIt @ideribom, ni6t elm
oeritanoen pareu IS beiBt, Dab
8aft SDoe feline 3udtbausitrafe err
lieB, troboem ods 8oltoepartment ge-
gen Die 8egnnoiglmg mar.
S5n peIhem ihneiOenoen @egeniae
itebt 0iaIe 9egnooigung zines iibers
fiibrten reidjcn 8etriigerS 5n Dem
llrteiI oes oeutiden @erid)ts, rpeI6es
ben aaiier. in 3tpeiter Sritan5 idou,
in ieineni Ero5eB gegen ieinen 86d-
ter, perlieren IieB. $50 miro III Die
fen beioen 5dllen ser @runoiob: 8or
Dem 8eiee iino 9lae gleid, alfredt
erbalten2.
Deutscher herold. [volume] (Sioux Falls, SuÌˆd-Dakota) 1907-1918, 1913-03-06
9ic lcbtc SiBnng Des
81. 6Ongrehcs

gSuibiugton, 9. s., 4. @tdr5, Der
neue grdIiOent mo oar neuc gi5c.
@rdiioeut mltrbeu bcitte IN ibr glmt
eingefiibrt. Sic Ieiiteteu ben oorge.
idriebencn glutsaib uno bielteu Oour
ibre @infiibrlmgsouipraheu.
Gen @iinifen oeS neueu &raiiOen,
ten 8iliou gentGB batte Der ISeitauS,
ihuB Die gr0BtmogIihite @infudbsit
uorrpaIten luiien. iSriib5eitig murs
Oen Die 8orbereitltnaen fir Die s5n.
uuaurationsfeier beenoet. Die So=
Ii5ei, oie bel Der Suffragetteu &aruoe
10 O0lig periugte, truf umfaiienoe
DtaBregeln, INN cine 8ieOerfebr iol.
der RubauI5cHen 5it perbiitGn. gIlle
8abeimpoIiStIten fpuroeu utobiI ge-
mudlt, uno 1900 Spe5iolbeamtc lpers
ben bel Der gufredterbaltrng Der
0ronung bilfrside SanO leiiten. gms
buIanSen, &utrolnagen uno Saui.
titsbeuntte iteben in gerettidaft.
Gbef 5IDnn BON Dem gumOeSgcbeims
oienIt bat fir cine qan3 beiouo2rs
iorgfGItige gepahuitg oeS &eiBen
Sallies geIorgt..
gSiliOn RidJt su iprcdJcu fir TCmtrr'
idger.
Tic critic gIuorommg OeS ncuen
8rGiiOcnten mar, baB er MIR 81 iprc'
den iein miro fir 2eltte, uab Oeneu CT
uerIangt bot. glenteridger miiiiell
ii6 an ole Chefs Der beribieoeuen
eNnt,,r+tt,,,,4zg sr,n,, nan
Deutscher herold. [volume] (Sioux Falls, SuÌˆd-Dakota) 1907-1918, 1913-03-06

gcgeuiiber Scr Sribiine Stealmg ge.
nurumen batte.
5rml Carrie Gbopmm Gott, Brds
iiOentin Der intarnntiounlen 6ratell.
ittmmrehts.2ign, erfldrtc ipdter, 0aB
Der aongreB cine llnteriubung eius
leiteu iollte, tper oi2 Sdillo trage
an Dem llupernlogen, Die EornOirens
Den ST. irbiiben. 3u Dem 3uede rpurs
De ounn BON oeu 6iibr2rinuen cine
Heiolittion berfaBt, Die Dem neuen
Gr6iiOent iibergeben iperoeu ioa.
Deutscher herold. [volume] (Sioux Falls, SuÌˆd-Dakota) 1907-1918, 1913-03-06
sSranenItimmredts. EarGoc Snrdl 80
bel mntcr6rOfen.

Die garaoe bon 5000 9lnbdnaern
oes 6rmnenItinlmre6ts COB g(nlaB,
au tlin1uItnriihen Ausbrii6en ibrer
@eaner. Der 80bel our6brod oie
9feiben Der 8orooirenosn on bielen
GteIlen lno teiIte iie ooburb in nieIe
fleine &1nf6en. 9ieie nliBten iid
ibren @eg geraoe SUB fir SUB err
f1inpfen. g. ct. &aboIlerie muBte
ailfgeboten meroen, oa ole 8oIi5ei lih
ais unfdbig ertpies, ben ibmodnollen
G5ensn elm gnoe an nohen. sSrall
Tnft nebit Tohter imo cine MnsabI
gelooener @1lte muBten bon i6ren
Siben in elmer 0er 8uihausrtri-
biiren gernOe5u fLii6ten. sic iunr.
ben oa5u ge5mungen ourb inf1fige
Heoeusarteu zines g0beIbdnfens. Der
Deutscher herold. [volume] (Sioux Falls, SuÌˆd-Dakota) 1907-1918, 1913-03-06
Snrfc nnS 9aartiu prOtcitircn.

Die aongreBabgeoroneten 8urfe
uno 0iortin beripabren ii6 energiif
gegen Die 9luffaiiune, oils OBJ iie
SdulO 0arnn triisen, Dab ole Ser.
Stnaten 2onOoffiee BON @regorp nod
Garter perIegt poroen 1T. Sic ia.
ben es iognr ihriftIi9 bonn SetretGr
oes Snnern, Slider, belt1tigen IaIien,
oaB tie abIolut in feiner 8eiIe on
oieler Aenoernng beteiligt loareu. /,
Deutscher herold. [volume] (Sioux Falls, SuÌˆd-Dakota) 1907-1918, 1913-03-06

Sonopirtidnftsietrctdr 2. s. Su.
iton, Yfiiiouri.
SefrctGr bes Snnern q. a. Sanc,
California.
Deutscher herold. [volume] (Sioux Falls, SuÌˆd-Dakota) 1907-1918, 1913-03-06

Merchants who do not
advertise in a German pa
per, do not deserve the
German trade.
Deutscher herold. [volume] (Sioux Falls, SuÌˆd-Dakota) 1907-1918, 1913-03-06
gaenelte gaadlridlt.

Sansbia go. 1872, bic fremSEpra-
dBiae 3eitnnseH ~ seietmahisen ma-
den IOIlte, lunrbe bom Sans abge-
lebnt. gSir iuerSen Iieranf nudD in
einsH beloaorren ArtifsI sariidfens-
men.
Deutscher herold. [volume] (Sioux Falls, SuÌˆd-Dakota) 1907-1918, 1913-03-06

a.s-s-s-s-A&$$-4-$-s-a-s-4-s-se-Raa~ssa-s-S@
L Leading German Newspaper 4
in the Dahotas. !
ADVERTISING RATES: ]
y zsc per Inch Display Ads
roc per Line for Readers.
I &c per Word foI Classified Ads.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-06-22
limited to its stock subserlptio1n'
not .uhat should be the liability

.rsverTbe principle OF double haoih's
OF stockholders should apply 10 inc TO
sional reserve associations as II ho" az
plies to the banks.
81 shoud q reserve association have
,-sn.srtions with banks other than IT'S
own members, and, IL so, what eharac'
ter as transactions should DO perniss''
Bile?
Ansver-The regional reserve associa-
tons should have no TRANSACTIONS WIN
hanks other than their own members eA
cent that they should be authorized 10
maintain accounts and have TRANSACTIONS
with selected banks in the financial cen
tres OF the principal foreign uhN,Ios
and TO buy and sell exchange ana primo
acceptances In the open market
%. Should national banks be per-
r,itted, upon payment OF a commissi9n,
70 loan their credit by accepting o"Is
arisino out Of tho ordinary course OF
commerce, and should reserve assooIa
tions be permitted to deal IN these aS-
ceptances in transactions WIN oanN'
or other reserve associations
Answer.-The accepting Of bills arising
out OF the ordinary course of commences
by the banks should not be confined 10
national banks as such. but to all oahAs
having capital of 100000 or over ana
which are members OF reserve associa-
tons and regional reserve ASSOCIATIONS
should be permitted to deal In such ac-
ceptances in their transactions with banks
or with other regional reserve assocla-
tons. or In the open market.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-06-22
Central Reserve Association, to
Issue Notes Under Federal
Control, One of Lead
ing Suggestions.
PRESIDENTS BILL IGNORED
SO Questions Asked by Senate
Committee Answered-Pres-
ent System Criticised as
Too Rigid - Adrich
Idea Favored.

Currency Of greater elasticity, to be
issued by a central reserve associa-
ton, with branches, which shall be
under government control-such is one
Of the important recommendations
citation to the Senate Banking and Cur
rency Commission. The Tribune pre-
sents herewith the thirty-three ques-
lions propounded by the Senate sub
committee and the answers drafted by
the bankers currency commission and
approved by the entire association,
which recently convened at Atlantic
City. No mention was made OF the
currency bill recently prepared at
Washington with the cooperation OF
President Wilson. The Aldrich plan
was Endorsed.
The questions and answers deal at
length with the imperfections of the
present banking and currency system
znd the proposed improvements which
may find their way into currency
measure. The present system, how
ever, is not criticised so unreservedly
as might have been expected. It has
proved. says the report, market for
government bonds, It has enabled each
community 10 organize and control its
own banking. and has provided bank
note circulation Of uniform value even
though it lacks elasticity.
The business Of the country, the re-
port says. needs a less rigid currency
and system Of banking that shall be
more cohesive. Banknote circulation
secured by government bonds fails TO
give the needed elasticity. Experience,
therefore. evolves the theory Of a central
reserve association that shall Issue
currency, under government control,
against an adequate gold reserve and
liquid bank assets belonging to and in
possession of these associations" AL
though gold is thus favored, greenbacks
and silver in their present proportions
are not considered causes for embar-
rassment.
a central reserve association with
branches is considered sufficient. but a
limited number Of regional associations,
which should be the principal fiscal
agents of the government. would serve
the same purpose If well controlled.
In expressing it's ideas as to the
establishment of a central bank, the
commission, while not declaring for the
creation Of an institution similar to the
great central banks Of the principal
European countries, points out that
the experience Of commercial nations
is that results can be better accom-
phshed by the creation Of a privately
owned central organization dominated
and controlled by the government
The great danger" the statement
continues. lis that if borrowers go di-
rect to the Treasury. politics will be-
come an all-important and dominating
influence"
The bankers do not commit them
selves to any definite statement wheth-
er there should be any change in the
present requirement Of law that % per
cent Of deposits shall be held as re-
serve The ACCESSIBILITY of such A
change, in their opinion. would depend
upon the manner in which the reserves
are to be controlled and protected.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-06-22
RESTRICTIONS CAUSE
PROBLEMS FOR BANKS.

The restriction OF the use by the banks
of their legal reserves and the prohiol-
ton Of their lending power in the presence
of unusual demands upon them without
means of protecting their reserves by the
use of any satisfactory substitute there
for, or of replenishing them through ade-
quate rediscounting facilities, which Woulu
enable them 10 convert their available as
sets into cash or legal reserve.
The lack Of provision for the organi2a-
ton of American banking institutions In
foreign countries. which are necessary
for the development of our foreign trace.
The independent treasury system un-
der which the government acts as partial
custodian Of its own funds, resulting IN
irregular Withdrawals Of money from the
bank reserves and from circulation ana
materially interfering with the even tenor
Of general business.
No open market for commercial paper :
banks Of sufficient capital should be al
lowed TO accept drafts for a commission
with a view 70 the sale OF the acceptances
in the open market, thus establishing a
current market for commercial paper ana
thereby enabling banks to buy whenever
they have an overplus Of funds, or sell IN
this market whenever they wish 70
strengthen their position or meet demands
against them. or accumulate funds for the
use of their regular clientele.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-06-22
EXPERTS SHOW FLAWS
IN CURRENCY SYSTEM

An exhaustive analysis OF the defects of
the currency system Of this country is
contained in the answers 10 the thirty
three questions sent TO bankers and busl-
ness men by the Banking and Currency
Committee Of the United States, in a
twenty-foUr page statement made public
Yesterday by Frederick +. Farnsworth,
general secretary Of the American Bank
ers Association. The answers were pre-
pared al the meeting Of the currency
commission Of the association at Atlantic
City during the last week. Those who
attended the conference from this city
were A. Barton Hepburn. chairman OF
the Chase National Bank and also chair
man Of the currency commission. and Jo-
seph Talbert. vice-president Of the Ma
-ional City Bank. Bankers wore present
from all sections of the country. with the
result that the answers on what should
constitute currency reform are entirely
impartial.
IN view Of the completeness Of the an
'swers. IL is believed that they will play
an important part in changing some OBJ
jectlonable features OF the Owen-Glas
bin before it becomes a law. The ques-
tons and answers are as follows:
I. What are the essential defects Of
our banking and currency system?
Answer-A principal defect of our sys-
tenn is the absolute rigidity of our cur
rency. A bank in order to take out circu-
lation must invest more money in govern
ment bonds than II is permitted to issue
jim currency. thereby impairng. rather
than increasing. its power TO aid COM
merce and trade. Outside OF the three
central reserve cities there is no redemp-
.tion Of national bank notes, except when
and as they wear out and become unfit TO
circulate. This condition is inherent in
the system and is certainly unsound.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-06-22

the same time and TO the same extent
depicting the reserve OF some other oahh'
So with the regional reserve assoclauoii'
No one OF them will be able to strengthen
It's cash reserves without drawing them
from and reducing to the same extent tne
reserve Of one of the other ASSOCIATIONS
Second-In connection with the snip
ping OF reserve money from one secuon
Of the country to another. Under one
central reserve association WIN
branches, this could be accomplished
without a change OF ownership OF the
money shipped. as IT would belong to the
one association irrespective OF what
branch had custody Of It, In the case Oh
independent regional reserve associations
no such transfer of reserve money cou'd
be made from one region to another
without a change in ownership. II would
increase the reserve OF the association
that received 1t and deplete by similar
amount the reserve Of the association
that ships II.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-06-22
EWING AS PATENTS CHIEF
New York Lawyer and bc0a'
omist Nominated by Preslden''

lFfom I ne lIlpNHf pst'~~'' -. 4
Washington, June 2l.-The secre's,I
the Interior recommended 10 the r.
dent to-day that Thomas Ewins' y. \,
New York. he appointed CommlssiO"s ~.
Patents. and the President sent INC
nation TO the Senate. ~.
Mr.. Ewing was born at Leave" "a.
Kan. May q, 1862 He is the son OF 4
eral Thomas Ewing. and grahu'O|, .,.
the late Thomas Ewing. OF o'iU' rs
merly Secretary OF the Interior ,,y 4
received degrees from the univ ',,',rsry
Worcester (Ohio). Columbia O'"'
and Georgetown University e
For two years Mr.. Ewing was s,,ta
sistant examiner in the Uniteu .c,I,,
Patent Office. He then took up u" ,,. 80
practice of law in New YORK - yos
Democratic candidate for Mayor - orss
kers in 1897 and 1899 Mr.. Ewihs : s,sbin,
dent OF the Current Literature sigrj
Company and member OF INC
Chi fraternity pohert
The President also nominated ~ con.
Frazier. of Nashville. for AsslS'''
missioner OF Patents.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-06-22
WHAT THE LACK OF
CONTROL WOULD MEAN

In times OF financial stress, when eacn
regional reserve association would be nus
banding It's resources for the beneht OF lts
own constituents. this might produce an
undesirable and awkward situation. the
interests of the various sections Of the
country being at variance; such effect
will be intensified in direct ratio to the
number OF regional reserve associations.
And third-Under one ownership and
control OF the reserve. transfers or funds
could under normal conditions be accom-
pllshed by book entries rather than by
the shipment OF money.
ID. Should such reserve association
have a geogra phicaI territory and exer-
, else the functions Of a reserve bank IN
such territory exclusively, or shou'o
member banks Of any reserve assocla-
tions be permitted TO exercise choice
as to which of the nearby or contIeu-
GUS reserve associations they shouio
join without regard to fixed territory
Answer-If in counting their legal re-
serve balances the banks are to he re-
stricted in their balances with the re-
gional reserve associations 1t must be re-
membered that no legal enactment can
change the necessity which most OF theW
find for keeping deposit accounts for ex-
change and collection purposes with
banks in the principal business centres OF
, the country II they are to be compelled
10 maintain all their reserve balances
with the regional reserve associations and
are to lose the privilege they now have
Of including their balances with corre-
Il HFa4
tres as part of their legal reserves, they
must continue TO carry such balances TOT
exchange purposes. even II they cannot
include them In their legal reserves when
will materially encroach upon their lend
ing power. This question is further dis-
cused I'm our answer to Question =.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-06-22
BANKS NOW UNABLE
TO COOPERATE

I. The system lacks cohesiveness, there
being no provision for cooperation among
the banks in It. Under ordinary cond-
tons this is not so much felt by the
banks individually. but under strained
financial conditions. when each bank is
thrown on its own resources and must in
self-protection act independently of all
the rest. the lack OF a system under
which all could cooperate through a
common policy of action becomes keenly
felt, and IL becomes evident that what is
really lacking is a system.
The requirement that the banks must
Individually control their own portion Of
the legal reserve money OF the country.