davidaulloa/AmericanStories huggingface dataset:
Arizona republican., 1913-12-09

AUCTION SALE-Thursday, Dec cmber II, 1107 West Adams st, com rlencing at 1:0O o'clock sharp. standard Krill piano. almost new; 2 piece mahogany parlor set; 1 center mahogany table; i leather rocker, 1 leather upholstered chair; 1 clock: 7 large velvet carpets; 1 oak dining table, 6 dining room chairs, rocker; pair silk portieres, , pair lace cur tains; 1 bird'seye maple bedstead, dresser; center table. rocker and chairs; beds, mattress and springs;
 gas heater. 1 new range with con nections; hall carpet; 1 enamelled Eedstead, mattresses and springs; bed room curtains l enamelled dresser, Singer sewing machine; I enamelled chair; Brussels carpet, 9X12; kitchen cabinet, sanitary ice box, carpet sweeper. dishes, kitchen utensils and many other articles too numerous to mention. All this furniture is high grade and in fine condition. NJ F. Conboy, Owner; C. O. McMurtry Phone 661, 15 North First ave; C. A. Whitfield, clerk. u
Arizona republican., 1913-12-09
ArCTION OF LOTS

IN TOWN OF TOLLESON Special reduced rate round trip, Phoe- nix to Tolleson and return, 35 cents. THURSDAY, DEC. 11TH
 FROM 1O:3O TO O'CLOCK 10 miles west on Yuma road. Picnic lunch free to all and every body in vited. 100 business and residence lots, 1A, 2b and 5-acre tracts will be sold to the highest bidder without limit. Call at 16 E. Adams for tickets and all information
 w. G. TOLLESON, Owner B. w. GETSINGER, Auctioneer.
 tF
Arizona republican., 1913-12-09
315 miles out

40 Acres. BIZ miles out. 40 Acres
 THE GEM OF THE VALLEY
 New 4-roOm house, yards, corrAs, all woven wire fenced. small orchard, fine alfalfa land. raised over 200 tons this year. Crop ready to cut; winter gar den, fine shade. windmill, tank. soft water, water piped to all stock yards, cheap at $225 per acre, $500 cash, bal ance on time. See us exclusively. Cop per State Realty Co, 19 E. Adams. Phone 1914. If
Arizona republican., 1913-12-09
For Sale-Real Estate

a bargain. New four-room brick cot tage; good well of soft water; chick en run; new Page wire fence; all in grain. Price, $2,750; terms to suit. See Weldon with Arizona Irrigated Land Co, 39 West Adams. It
Arizona republican., 1913-12-09

FOR SALE-s2O.OOO close-in busi- ness property on North Central ave nue; income $40 per month, which is per cent on the investment. This property has 100 foot frontage and is located within one block of the Annex hotel. Big increase in value every year. Exclusively with Bright's Realty Co, 237 w. Monroe r
Arizona republican., 1913-12-09
ATCTIONEERS

AUCTIONEERS
 TAYLOR & BIEHL. THE MOST POPULAR AUCTIONEERS IN THE SALT RIVER VALLEY. YEARS OF USEFUL FIX E RIEN c F HAS TAUGHT US THE SCIENCE OF SELLING SALE EVERY SATUR- DAY AT OUR AUCTION ROOMS, 47 WEST JEFFERSON ST. SEE US FOR RANCH SALES, PHONE 1349
 If
Arizona republican., 1913-12-09

FOR SALE-5 acres choice orange land, northeast of town, all sowed to alfalfa for $1150. Sid Henry. 15 N. 1st Ave. If
 FOR SALE-Excellent warehouse lot 84x168, close in; a bargain. s3500. See MGbre Kennedy Realty Co.,, 3O1 N. 1st Ave. Tel. 1883. tt
Arizona republican., 1913-12-09

FOR SALE-$S5OO per acre. 16O acres, all fenced; half under cultiva- ton. This is good rich soil and is only six miles from Phoenix. Splendid To- cation for dairy farm. Owner wants small payment down. balance, very easy terms. Bright's Realty Co, 237 w. Monroe St. r
Arizona republican., 1913-12-09
c. M. WOOD
AuctiOneer

Live stock and household goods, farm and ranch sales a speciality. General auction business. See us before mak-
 ing dates. Office Cor. First and Mon roe Sts Phone 1867. If
Arizona republican., 1913-12-09
CLASSIFIED WANT ADVERTISIN G One Cent a Word
Auctions

AUCTION SALE-Thursday Dec. IS. Four miles southeast of Mesa on sec ton 31, north, east, or miles south of Tempe and s miles east, on what IS known as the Wilbur ranch Having rented my ranch, 1 will sell the follow ing property and stock on the above date commencing at 10:30 sharp. 4SO head stock. consisting of 70 head Al dairy cows, Durham, Holsteins and Jerseys, 25 head to 3 years old spring ing heifers, 30 head year old steers, 65 head months to long yearIngs steers and heifers calves, 8 registered, Holstein bulls, 25 head horses and colts. some extra fine work and driving horses. 21O head hogs, 200 head shoats, ranging from 50 to 100 pounds, 10 head Poland China brood soWs. One French Coach stallion, a first class individual and registered. Free lunch at noon for everybody. Come to this big sale whether you buy or not Free trans portation from Mesa City depot and return from sale. E. w. WILBUR, owner. C. O. McMurtry, Auctioneef, 15 N First avenue, Phone 661. c. A. Whitfield, clerk. If
 AUCTION SALE-Tuesday, Dec. Is, on the Lehi Stock Farm, miles north east of Mesa City Ariz. Having de- cided to dispose of horses, cattle and hogs, I will sell at public auction on the above date on my farm, commence ing at 1O:30 a. m. sharp, 100 head thor Oughbred Poland China sOws, gilts and boars; 20 head of extra fine grade Hol- stein cows and heifers will also be offered at this sale, head of thorough bred Holstein bulls from s months to years old, extra fine individuals. Regis tration papers will be furnished on these animals. 8 head PercherOn mares and gelding ranging from yearlings to years old, very fine stock and no bet ter in the valley and out of the inn ported stallion "Coquet." 20 head thor oughbred Embden geese. Free lunch at noon. Terms given. JAMES JOHN SON, Owner. C. O. McMurtry, Auc- tioneer. 15 N. First avenue. Phone 661- c. A. Whitfield, clerk. If
Arizona republican., 1913-12-09


 FOR SALE-Watch Phoenix grow --5-room modern house, furnished, $500. $2OO cash, $25 month; Groom house. two large lots 100x200 fit, $310O, $500 cash, balance $30 a month; i-room new house, lot 50x200 feet, fine shade $2OOO, $25O cash, $25 a month. Here are two great money getters: 14-rOom house, coming busi- ness property on fine corner lot furnished, cut from $10,000 to $S,000; this one will bring the bacon home. This one is too good to believe: 2 new Groom modern house with fine palms, right near business section; this house is so arranged and located that one side can be rented for $40 q month. and all We ask is $450O. $400 cash. balance $50 month or more. Open Sunday NJ. II. Shelton, 215 West Washington, tf
Arizona republican., 1913-12-09
N R ORATH'S M oNEr AVA AKERS

THE BEST HOUSE BARGAINS
 IN PHOENIX: Room Brick, just completed, cut Capitol way, price cut tenn porarily from $3,150 ............$2,6 650 Room Brick, near Capitol, practically new all built-in- features ............. 5000 $ Room Brick, furnished, North cast, on ear line ............... $500 , Room Brick pIastered. never occupied. Northeast ...... 3,75O These houses are all modern, well located and can be had on easy terms
 C. w. MORATH
 s West Adams Street
Arizona republican., 1913-12-09

SCOTTSDALE LOTS-Buy a lot a Scottsdale, the future home of Vice President Marshall. It will mean a big profit as this is sure to soon become a growing town. Lots $175 and up; 5000 down, 5000 monthly; discount for cash.
 SCOTTSDALE LAND Twenty acres. $325O; adjacent to ScottsdaIe townsite. In cultivation, level, per feet soil, a bargain. near the winter club" fruit ranches of the famous Writers club.
 Arizona Investment & Land Co
 129-131 North First ave.
Arizona republican., 1913-12-09

FOR SALE-RELINQUISHMENT-
 16O or 32O acres, desert entry, under the Marinette canal; forty acres has been cropped: land especially adapted to oranges, olives, etc. J. c. Dobbins. Room 19 Central Building. If
Arizona republican., 1913-12-09
For Sale Houses

>~~~~~~~~~~~~~ FOR SALE OR RENT-Modern r room house, garage, fine grounds, and five acres of land on North Central avenue in choicest suburban section. Will lease furnished for one year or will sell. For particulars see w. K James, 40 N. First st. Il
 ABSOLUTE BARGAIN
 Room Brick Bungalow
 On South 3rd Ave. with
 Corner Lot 100X130
 Owner is leaving city
 And must sell, will
 Sacrifice for 5000.
 Let us show you.
 No. 1172.
 DWIGHT B. HEARD,
 Real Estate and Loans.
 Central Avenue and Adams St. It WHO WANTS THIS-A Groom modern house. close in with lawn and going shade for a. few days, $500, s200 cash, balance like rent. $500 buys new Groom modern brick on North St, close in, price $36OO, balance like rent Fred Jacobs, Empress Theater Bid, 40 E. Adams. If FOR SALE-6-room bungalow, mod ern $3150, $40O cash, balance like rent; 4-room brick, corner lot s2250, $200 down, balance, IS per month; Broom frame, modern. rents for $25 furnished, $1750 takes alI $500 cash, balance $25 per month. Come look these over if you want to buy. See Smith about it. 539 F.. Washington If FOR SALE-In Santa Monica, Cal, fine modern residence of rooms, hard wood floors throughout, wood stone sink. elegant breakfast room, large stone mantel, stone porch, cement and brick walks. lawn in front and rear, shrubs and flowers, small house in rear could be used as garage high and slightly. F block off Wilsture Blvd. 1237 18th St. Elegantly furnished, price $5O00. $. F. Eaton, Owner. If
Arizona republican., 1913-12-09
Auctions

AUCTION! AUCTION! See the Missouri Auction House before sell ing your goods; we will get you the high dollar for anything you have to sell; sales every week; watch the papers for dates of sales Office, POS North First st, phone 1867 bg
Arizona republican., 1913-12-09
For Sale-Live Stock

HORSE, buggy and harness, bar gain. S11 North 7th Ave. 1T
Arizona republican., 1913-12-09

NURSERY STOCK FOR SALE.
 Fruit trees, shrubs, plants, ornamental trees. roses of all kinds for sale at Bide-a-Wee Nursery, corner ROose- welt and Sixteenth Street. George M. Smith, proprietor. Contracts taken fer improvement of grounds tree and shrub planting, etc. Expert workers furnished. Phone S645. bg
Arizona republican., 1913-12-09

FOR SALE-Relinquishm 160 acres, in Paradise valley. Phone 9J11 or address H. z. Briner, R. F. D. 6. bs
Arizona republican., 1913-12-09

KERN has bargains in real estate, that is why you should see him. 10 N. 2nd Ave. If
Arizona republican., 1913-12-09

FOR SALE acre with nice mod crn six-roOm house, fruit and other improvements; l block of Indian car. cG9 Virginia Ave. bb
Arizona republican., 1913-12-09

plan. Three room brick, West Wash
 ington, close to capitol, $2000; f room brick. East Monroe. $500, $200 cash Groom bungalow furnished
 $ZO0O, 5000, balance $2O per month including interest; 10 acres, small house, alfalfa, $2OO per acre. $500 cash. For quick sales list your pro- perty with McCabe & Hartman, Union Realty CO, Il East Adams st.
Arizona republican., 1913-12-09

FOR SALE-A new six-room house, on car line, for only $3250. This place is dandy with all the late built-in features. It also has a tWo-room house in the rear that makes the property very valuable for renting. $500 down with very reasonable payments per month will handle this. If you are look ing for a bargain investigate this at once. Brights Realty Co.,, 237 w Mon roe
Arizona republican., 1913-12-09
For Sale-Miscellaneous

FOR SALE-Stutz roadster, $1150.00; Overland, 5-passenger, $275.00; Kissel, $65O.00; light roadster, dandy, $275.00; Ford, $35O.O0; 3 Studebakers. Ottestad, 227 N. Center St. If
Arizona republican., 1913-12-09

FOR SALE-School land holding A1 cotton land at price that cotton crop will clear it first year. Roose- welt water; all cultivated; part in al falfa; 1-3 cash; immediate possession. Lincoln Fowler POS National Bank Of Arizona Building bg
 FOR -Relinquishments in Casa Grande Valley. 16O acres. , miles northeast $2.50. I60 acres 3 miles west, s2.O0. 16O acres, F miles west $2.00. 80 acres miles north east s6.25. 160 acres 312 miles out 5000. 160 acres 41a miles, $500. 32O acres miles S7.5O. These are all good pumping propositions, with shallow water and most have some improvements. We have a number of good buys in patented lands and town lots, Wood & Wyatt Casa Grande, Ariz. if
Arizona republican., 1913-12-09

YOUNG MARE and two colts, cheap: must be sold by Saturday at 1917 West Fillmore. bl
Arizona republican., 1913-12-09

Chicken Ranch Chicken Ranch
 Two Acres Alfalfa
 Close to Indian school car line Price, $500 per acre. Terms to suit See Weldon with Arizona Irrigated Land Co, 39 West Adams It
Arizona republican., 1913-12-09
For Sale-Real Estate

S200.0O CASH, vii buy residence lots in restricted district. owner needs the money. M. F. Dewitt, 30 N. 2nd Ave If
Arizona republican., 1913-12-09

Five acres close in and a bargain, $1375. Terms to suit. A dandy good house to sell or trade $500 down. Balance to suit. 212 acres to trade or sell. 10 acres, fenced and all in alfalfa, $275O. Terms to suit. O. LOCH & co. 5 w. Adams St
 If FOR SALE-Relinquishm 160
Arizona republican., 1913-12-09
SEED AND FEED

SEED AND FEED
 PROCLAIMED Bearded Seed Barley.
 Beardless Seed Barley
 Early Bar and Club Seed Wheat. Texas Grown Red Rust-Proof Oats. Arizona Grown Texas Red Seed Oats. Buckeye Alfalfa Seed.
 VALLEY FLOUR MILLS.
 Phoenix Phone 45O If TENTS, AWNINGS-aay covers roll curtains. frame covers. tappoons, sleeping porch curtains. anything in canvass. Phoenix Tent & Awning Go. IsO E. Monroe. both phones +11 tf ORDERS for all kinds of nursery stock taken at Bide-a-Wee Nursery, Roosevelt and 18th St. Phone 8645
 12-bl PAY CASH AND SAVE MONEY IS lbs. sugar, $1.0O; lbs. rolled oats, 25c; 4 lbs. pink beans, 25c; 3 corn flakes, 25c; 5 gal coal oil, 85c. CAPT. TAI CITY GROCERY, 7th Ave. and w. Washington St. If FOR sALE-Cheap lumber, low grade Arizona Pine 1x4 to 1x12 for s2O.OO per NJ. This is not second hand but new lumber. Why pay $25.OO for it. The O'MaIley Lumber company. If HOMEMADE CACTUS CANDY. in fancy boxes for Christmas gifts, fruit cake to order. 209 N. 12th Ave. Phone 2131 Inn EXPERIENCED GARDNER and horticulturist. pancy, cabbage and eau Hflower plants for sale. Phone 427. Fred Pochon, 43O W. Washington St.
 If
 BUY ROSES Extra heavy, will bloom freely in months Fruit trees of every kind. Money making varieties. Shade trees. vines and plants. Potted roses a spe- cialty
 PHOENIX ROSE GARDEN AND
 NURSERY co. Office Is E. Adams. F. G. Sheffer, Mgr. B. W. Getsinger, Pres. If
 AN HONEST DEAL
 In Buggies, Harness and
 Saddles
 Is why we sell so many. See us for second hand vehicles.
 COLLINGS VEH. I& HAIR. co.
 22-34 East Adams st. If FOR SALE-Bargains One Stude- baker 30, 1910 first-class condition, looks like new, price right; one Stude- baker 30. 1912, freshly painted, good as new; one Studebaker 25, 1913, nearly new, come and see them. Arizona Mo- tor Co.,, Inc. 1st and Van Buren Sts.
 If FOR SALE-Entire furniture of 5 ~o1I w. Adams St. Phone 2147. FOR SALE-3O acres alfalfa pasture, F miles north on 7th Ave. Old Peters
Arizona republican., 1913-12-09

FOR SALE until Dec. 10; south face no feet corner in Wentworth; cen be had at bargain. See John stOn, r West Adams. If
 FOR SALE-Lands $10 and up. Houses $165O and up. Lots $325 and up. New State Realty O., 314 Elem ing Blk. Phone 1O64. If
Arizona republican., 1913-12-09

FOR SALE-3O acres alfalfa pasture, Az miles north on 7th Ave. Old Peters Ranch. Geo. w WickIe r;
Arizona republican., 1913-12-09

O. H. LOCH & co. w. Adams St
Arizona republican., 1913-12-09

FOR SALE-Span of bay mares, well matched, work single or double, sound and gentle. Several head yearling heifers, short horns, milk stock, $50.00 each. 50 good young pigs, $500 each. H c. Mann, Glendale R. F. D. Phone 14 If
Arizona republican., 1913-12-09

FOR SALE-Pedigreed Boston Ter rfer puppies, champion stock; price S15.0O up: a nice Christmas gift; Maya jo kennels. Albuquerque, N. Mex. 407 West Granite Ave. bd
Arizona republican., 1913-12-09
For Sale Real Estate

LIST YOUR PROPERTY with Kern. He will sell it for you. 10 N. End Ave.
 If
Arizona republican., 1913-12-09

21a acres to trade or sell.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-01-24
S4O0 A MONTH FOR WIFE
Mrs. j. P. Mcdonald Wins Suit
for Separation.

Justice Gavegan awarded Mrs. Edith r.
Mcdonald separation and 500 month
alimony yesterday in her suit against her
husband, James p. Mcdonald, who is ex-
tensively interested in mining and rail-
road enterprises in Hayti. The award was
made on the recommendation of the ref
cree appointed by the court to take tcs-
timony. The referee reported that tho
husband had property valued at $4,000
over his debts.
Mrs Mcdonald. in testifying as to her
style of living said that she spent siO0
a year for hats. the average cost OF a
waist was SIS. and her shoes always cost
81 or go PAIR, whether they were for
formal wear or use on the Mcdonald
farm in Orange County. Her glove bill
amounted 20 about 500 n year. and the
annual bill for perfumes and other toilet
requisites reached 500.
Mcdonald constructed the New Haven.
Wostchester a Boston Railroad from
which contract he made 10000. OF this
amount he gave his wife $500. One Of
the witnesses testified that Mrs McDon-
aid had invited him to drink champagne
and smoke cigarettes with her. which she
vigorously denied
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-01-24
TO CURB MOTOR DRIVERS
Secretary May Wants Every
Operator Licensed.

Albany, Jan. 23-"The majority of au-
,omobile accidents are caused by un-
skilled. intoxicated or reckless drivers,
declares the Secretary Of State. Mitchell
May, in a statement to-day advocating
the compulsory licensing of all owners
and drivers of motor vehicles.
Every person operating car should
be required to obtain license and be
subjected to proper examination. says
Mr.. May. I'm our streets the rapidly
moving automobiles are constant source
OF danger. Their great weight speed
power and resulting momentum, when
placed I'm the hands of unskilled drivers,
make them a most serious menace. The
operation a car calls for a high degree
Of skill and competence, and the personal
habits of the applicant must DC taken into
consideration.
The Secretary recommends That fees tor
chauffeurs' licenses be abolished and that
chauneurs be required to carry at all
times "A book to contain complete record
Of any penalties inflicted for violation oil
motor traffic laws. stated number OF
violations to revoke the license auto
matically.
Mr.. May cites the fact that IN VIZ IN
Manhattan alone. 2l2 persons we're Killed
by automobiles. and that no death was
ca used by taxicab in charge OF pro-
fcssional ch luffcur.'
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-01-24

II was wet day for Sheriff Hamburger
and Deputy Sheriff Ahner yesterday
They were under and above water Tie rs
a hardy salt is the Sheriff. and while the
heavy rain filed the East River Win
myriads OF little holes Yesterday morn
ins-except where the drops soaked in on
Mr. Hamburger and his able assistants
the two were out on the bosom on the
stream trying to attach a steamer belong
ing TO the Austro-American Steamship
Company.
The Sheriff's lesson in navigation came
abou, through an execution which jus
tiCe Hendrick signed against the steam .
ship company on judgment for Nl'o'o'
which one Ferdinand Dobek ootaiheu
against the company as damages Tor an
accident
sheriff Hamburger and Deputy Sherin
Ahner went to the Offices Of the com
pany's agents. Phelps Brothers Co. No
~ Battery Place. 10 levy under the eNecu-
ton. but they found nothing at the or
fee that belonged to the steamship COM
pany. Everything there was the properly
, of the agents
The company has a steamship in port
volunteered some one. maybe YOU can
attach that"
The man who gave this Information
might have thought II joke. but ne
knew not the steel of the man ne was
dealing with.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-01-24
PLANS TROLLEY TERMINAL
Three Levels Proposed for
NeWark's -Four Corners.

Involving an estimated expenditure OF
100000, a proposition intended TO solve
the great traffic problem at Market ana
Broad streets Newark. was placed before
the authorities Of that city yesterday by
Thomas y. McCarter president OF the
Public Service Corporation The basis OF
the proposed remedy is the building OF
a great terminal eight stories high, con-
tanning three levels Of entrances and exits
fol trolley cars and passengers.
Its contamination Will entail the build
I'M: OF a subway ds an entrance to the
terminal from the western section OF the
city and a surface approach from the
eastern end. The tunnelling IS mapped
out 10 begin two blocks west OF the site
OF the proposed terminal.
From two blocks east Of the proposed
terminal IL Is proposed that surface cars
enter the building upon an elevation and
that loops be provided both on the upper
vel and the subway level for the swing
ing Of the cars for their return trips. All
that is necessary for the signal to start
the improvement is the approval or the
plans by the Newark Board OF Works and
legislation that will enable the company
to tunnel under Military Park. which was
dedicated as a public training ground.
The -Four Corners as the intersection
OF Market and Broad streets is known.
has been the subject of discussion by
traffic experts in all parts Of the country.
Experts for Newark, In a visit. to
the principal cities OF the country, failed
to find problem identical with that In
Newark, even in New York City.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-01-24
U. S. TROOPS FIRED ON
Rebels Attack Cavalry Patrol
ling Mexican Border.

III Paso. Tex. Jan 23.--Telephone re-
ports late this afternoon stated that NICK
lean rebels to-day fired on United states
troopers Of the 18th Cavalry, patroilinG
the border near Fabens. Tex. Raldlng OF
ranches by rebels in the same vicinity TO-
day resulted in ID fight with American
ranchmen. who drove the raiders over the
line. woundng one of them.
II was said that the Troop g patrol did
not return the rebels voley. and that
none OF the American soldiers was IN
n.red. The firing on the troops occurred
opposite Guadalupe. where 100 rebels
were located. The American ranches were
raided some miles to- the west. Troop Is
of the 18th Cavalry has been sent 10 the
scene
General Jose Blanco. released by rebels
at Guadaloupe. IL is said. brings peace
oflcr 10 the federal government from the
rebels. who threaten TO take Juarez unless
their demands are granted The oner IS
characterized by the Mexican Consul here
as impossible" General Blanco says ne
IL under parole not TO enter the held
against the rebels.
Tho insurgents at Guadalupe arc under
command OF Colonel Rogue Gomez. and
American ranchmeu report them well
armed and mounted. They will cooperate
with another group. organized at Palo-
mas. opposite columbus, y. NJ. by Colonel
David de Ia Fucute. other groups are
said to be operating Immediately below
Juarez. along the railway lines.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-01-24
COUNTRY BANKER BLAMED
He Causes Panics, Forgan Tells
Credit Men.

The New York Credit Mems Association
held its midwinter meeting and dinner
last night at the Hotel Aston and lis
tened to an address by David b. Forgan.
president Of the National City Bank, of
Chicago, who spoke on How to Avoid
Another Panic"
George II. Williams, president of the
association, said the life blood Of mod
ern business was credit--not gold. He
said the enormous total of dollars al
legged to be held in New York banks was
really nothing but liabilities, and that
the whole world was bound together by
invisible ties known as credit.
Mr. Forgan declared he agreed with
.'uCrew Carnegie that the American bank
system vas the worst in the world,
though he thought the banks the best
in the world II is the American country
banker who causes the panics, said the
speaker. because he gets uneasy If some
thing happens in New York city and
uithdraws his reserves. The system lacks
elasticity.
Mr. Forgan asserted the country had
lust passed through sixty days OF the
highest money it had had since 1907, ana
If anything had blown up and had fright
ened the people there would have been
another panic. A central bank was the
only solution of the difficulty. he main
tanned. and added that in the last two
months there had hardly been bank
that had held lawful reserve. and the
Controller of the currency had wisely said
nothing about IL.