davidaulloa/AmericanStories huggingface dataset:
The Ontario Argus. (Ontario, Or.) 1???-1947, 1914-01-08

shall extabllsh branch banks within
the federal reserve district In which
1t is located and may do so In the dis
trict Of any federal reserve bank
which may have been suspended.
Such branches shall be operated by a
board of directors under the rules and
regulations approved by the federal
reserve board. Directors Of branch
banks shall possess the same quallh.
serve banks. -Four Of said directors
shall be selected by the reserve bank
and three by the federal reserve board.
and they shall hold office during the
pleasure, respectively. OF the parent
bank and the federal reserve board.
The reserve bank shall designate one
of the directors rs manager.
Sec. 4. - Upon the filing Of .
certificate with the comptroller of the
currency the said federal re.
serve bank shall become a body cor
pornte and as such and I'm the name
designated In such organization Ger.
tiHcate shall have power
FHst- ~ duolt unu ust ~ NVIpoIutt
seal
Second.-To have succession for pc.
riod Of twenty years from Its organlza.
ton unless Il is sooner dissolved by an
net of congress or unless It's franchise
becomes forfeited by some violation OF
law.
Thlrd.-To make contracts.
-.
plain and defend. In any court Of law
or equity,
Fifth.-To appoint by It's board OF
directors. elected as hereinafter pro.
v!dcd. such officers MS are not other.
wise provided for In this act. 20 define
their duties. require bonds Of them and
tx the penalty thereof. Ia dismiss such
0iliccrs or any OF them US may be ap-
pointed by uhem NJ pleasure and TO mp
point Others 10 MI their places.
Sixth.-To prescribe by It's board OF
directors bylaws not inconsistent with
law regulating the manner In which It's
general business may be conducted
and the privileges granted TO II by law
may be exercised and enjoyed.
Scventh.-To exercise by Its board OF
directors or duly authorized officers or
agents all powers specifically granted
by the provisions of this net ana such
incidental powers rs shall be necessary
TO carry on the business OF banking
within the limitations prescribed by
this act
Eighth deposit with the treas
urer Of the United States of any bonds
Of the United States In the manner
provided 10y existing law relating 10
national banks 10 receive from the
comptroller OF the currency circulating
notes In blank. registered and counter
signed as provided by law. equal In
amount TO the par value of the bonds
so deposited. such notes 10 be issued
under the same conditions and provi- |
sions of law which relate 10 the issue
OF circulating notes OF national banks !
secured by bonds of the United States |
bearing the circulating privilege. ex- J
cept that the issue of such notes shall |
not be limited TO the amount of the |
capital stock OF such federal reserve |
bank.
But no federal reserve bank shall |
transact any business except such as
is incidental and necessarily prelimi-
nary to Its organization until IL has /
been authorized by the comptroller OF
the currency 10 commence business un-
der the provisions of this act
The Ontario Argus. (Ontario, Or.) 1???-1947, 1914-01-08

retary Of agriculture and the comp
troller of the currency. acting as "the
reserve bank organization committee"
shall designate not less than eight nor
more than twelve cities to be known ns
federal reserve cities, and shall divide
the continental United States. cxclud-
Ing Alaska. into districts, cach district
10 contain only one of such federal rc-
serve cities.
The Ontario Argus. (Ontario, Or.) 1???-1947, 1914-01-08

means Of redis-
counting CONNER
cial paper, to es-
tablish a more ef-
fec tive super
vision Of banking
In the United
s tes and for
other purposes.
That the short
title of this net
shall be the fed
eral reserve act"
Sec. 2. As soon
as practicable the
-. /. -.
The Ontario Argus. (Ontario, Or.) 1???-1947, 1914-01-08
CURRENCY BILL NOW A LAW;
VITAL TO WHOLE NATION

Eight to Twelve
Reserve Banks
to Be Establish.
ed In Various
Parts of the
Land ... EnaCtS
Money Reforms.
fdTIIC uIdTW
With Regard to
Farmers.
The Ontario Argus. (Ontario, Or.) 1???-1947, 1914-01-08
RESERVE BANK BRANCHES.
Regional Institutions Empowered to
Establish Sub Banks.

No federal reserve bank shall com
mence business with subscribed cap.
ital less In amount than $3.000.OOO.
Sec. 3. Each federal reserve bank
The Ontario Argus. (Ontario, Or.) 1???-1947, 1914-01-08
PENALTY FOR DISHONESTY.
aa,pering With Bank Examiners Made
Criminal oHenss.

See 80, No member bunk or any
UirVr director or employee thereof
shall hereafter make any l0an or
glunt any grutulty 10 any bank vx.
nmlner Any bank officer. director
~ employee violating thlS provision
hall he deemed guilty of mis,lr.
ncanor aud shall br imprisoned not
exceeding one year ar ilnrd not more
than S5.uuO. ar both. may be- lined fur
ther SUM equal To the mUnry 80 lunn'
rd ar grntulty given. Any examiner
accepting u lOun or gratuiiy from any
bank examined by hlm ar from nIi
officer. director or employee thereof
shall bc deemed guilty Of n mlsdr.
mennor aud shall be- imprisoned not
exceeding one year or lined not more
,hnn $1,000. ar both
Section - provides that national
bank stockholders shall he Responsible
COR nh contracts. debts aud engage.
nruts of their banks a. the amount Of
heir stock nt lnr value In addition %
.l" amount Invested Ia such stock
II they transfer their stock within
hXty days before the failure Of their
banks they shnll he liable % the siiue
extent In rusc the trunsfcrre fnils 10
uiect such liability.
Loans on Farm Lands.
Sec. -. Any national banking ns
sorlntion not situated In central
reserve city may make lOnns secur.
ed 10y improved aud unencumbered
fnrn hand situated within lts fed.
cral reserve district. but no such loan
shall be- made for u longer time than
five years nor for nm amount exceeding
30 per ccntum ~ the actual value Of
the property offered as security. Any
such hank may make such lonus In nn
aggregate sum equal 10 - per rentum
uf lls capital and surplus ~ Ia one
third nf its time deposits. nnd such
hunks may continue hereafter. ns here
tofore, 10 receive time deposits ana
pay Interest on the same.
The federal reserve board shall have
power from time To time To add 10 the
list Of cities In which national banks
shall not be permitted TO make loans
secured upon real estate In the man
ner described in this section.
Section % authorizes national bank
Ing nssociatlons possessing capital
ana surplus OF 81 .OOO.OOO or more to es-
tablish foreign branches under the d.
rection Of the federal reserve board
Section 26 authOrises the secretary
OF the treasury 10 strengthen the gold
Reserve by borrowing gold on United
States bonds or by selling rl.sm.
Section u extends frOIn Sane 80.
1914, until June 80. 1918. the NE OF an
act authorizing national currency as
sOclaIiOns. the issuance OF additlOna
national bank circulation and tho ere.
ltion OF national monetary commis-
sion. II re-enacts certain United
states banking statutes amended by
IN act OF May 30, 1908, subject to such
or notifications as are
In the new currency law. IL
amends the May 80. 1905, act In re-
gard to the taxation of circulating
notes held by national banking asso,
riatiOns aud secured otherwise than
by United States bonds.
Section 20 provides that IN any part
of the act is declared invalid by
,Ourt the Judgment shall not affect the
Of the act.
The Ontario Argus. (Ontario, Or.) 1???-1947, 1914-01-08

secretary OF the
The Ontario Argus. (Ontario, Or.) 1???-1947, 1914-01-08

/" HE federal reserve act Is now u
part OF the law of the land.
With President Wilson's sigma
ture to the new Glass Owen
currency reform bill the country looks
forward to the practical working out
Of the act The law Is in part as fol.
lows:
An act to provide for the establish
ment of federal reserve banks to fur.
nish an elastic currency. to AFFORD
The Sentinel=record., 1914-10-04
BOYS ON THE STREETS.

Now that the school season has opened and the youth of the land should be at their studies, there comes complaint that there are more boys on the streets late at night than usual They gather about the pool halls and street corners evenings when those evenings should be given to study
 My boy spends his hours in a pool room" says one citizen, "when he should be at study. He goes there because others do There is no great harm in a pool game but the boys should be kept out of them during the school period 1t is against the law for minors to play pool in public places, but would not invoke the law. l merely ask the cooperation oi the pool room operators and the police in keeping the boys close and hard off the streets and out of the poo rooms in school season.
 All of which seems to be a most reasonable. view to take of the situa. ton, since these young men of the high school today are to be the re- sponsible citizens of hut a little while hence.
The Sentinel=record., 1914-10-04

it, we after them, shooting, wadtng, out of breath. Of a sudden village behind us went up in flames, the light falling on Us like the rays of a huge reflector. Then and there we receiy- ed a rain of fire and saw the enemy had taken possession in good order of the other bank. We had to fall back, not because we were afraid, but be- cause those were the orders. The sensation of being in danger of death We did not have.
 "The phlegma of the Slovac is pos sibly the result of the circumstances that he has little feeling. He always goes as far as his officer goes-wele the goal hell itself. 1t is different with the Hungarian and the Bosnian, whose officers find it difficult to hold them back in it's firing line. They all ways want to break ahead to get at the enemy.
 Flags and drums are useless things in warfare. What is the use of flag which by its bright colors reveals your position, which as the brown paint on my saber shows, 1t has been intended to conceal. In the one case even the slightest reflection of night is guarded against, while in the other a large field of colors undoes all what it has been wished to accomplish. The drummer on the other hand must beat his drum as he goes to the at. tack, yet he is expected to run into the enemy unarmed. He would pre- fer exchanging his drum for a rifle so
The Sentinel=record., 1914-10-04
THE PROPERTY OWNERS.

Property owners of Hot Springs who neglect to take part in the mass meeting of Monday night will be overlooking a proffer for general aid to the community from which they are destined to receive the most last. ing benefits.
 Every man who has bought and held property in Hot Springs did so with confidence that some day this resort would bloom and blossom into the most wonderfully rich resort Of the world.
 The realization of that conf ,dence in Hot Springs is at hand. We have but to reach out and grasp the situa- ten like men.
 The business man, who is tenant of the property owners, usually responds in goodly numbers. He may be de- pended upon to be present Monday night. And the property owner should be there at his side, proving his in terest in the general welfare.
 Advertising RIGHT NOW in the east will turn tide of patronage to Hot Springs. By the time that patron age comes we will have prepared well for it. The reconstructed Hot Springs will need but one great big season to guarantee its future, and it is indeed a fortunate thing for this resort that the one big season necessary is at hand
The Sentinel=record., 1914-10-04

that he would be able to shoot down soldier.
 One feels nothing of the presence of the enemy in battle and on the marches. To be wounded is a,so not such a bad experience. But you be- gin to think after the battle. To bear the horrors of war a sort of ideal i5 necessary. once when I took my Sloyacs into an attack, we passed cross by the wayside. Many of them knelt down for moment and said prayer. That was sincere and sub lme The ideal which makes 1t pos sible for me 10 bear everything is to be good officer on the battle field under tue circumstances my duty to- wards the social aggregate to which belong"
The Sentinel=record., 1914-10-04
ORRINE
FOR DRINK HABIT.

So uniformly successful has OR RlNE been in restoring the victims of the Drink Habit into sober and useful citizens, and so strong is our confidence in it's curative powers, that we want to emphasize the fact that O@RlNE is sold under this positive guarantee. If, after a trial, you get no benefit, yOur money will be refunded. OB1INE costs only $1.00 per box. Ask for Free Booklet. Sorrell's Drug Co.
The Sentinel=record., 1914-10-04
PRAYER FOR PEACE

In obedience to a suggestion from President Wilson the people of this great nation will today bend the knee in application for the peace of the warning world.
 A few months ago America was as. founded at the fact that seven great nations of the old world were actu- ally at war. Somehow or other we had reposed in the security of be lief that there would never be anoth CT great war.
 There is today but one great nation of the world at peace, and that nation has the greatest responsibility on its shoulders that ever a nation of the earth had.
 There will come a day of peace again, just as there has been peace 1T the past, and our people will probabl! direct that peace. May the God O God and King of Kings not alone an swer the prayer of a peace loving American nation today in the restora ton of peace, but bring this nationt people equal to the occasion of tn service it will be called upon to per form as the agency of that divilit which works in a mysterious wa His wonders to perform"
The Sentinel=record., 1914-10-04
STATE FAIR SIGN.

Tie public utilities company yester day hung it's electric state fair sign in a conspicuous place in the show window of the Schneck Drug Com pany, where from this time until aites the fair it will be a constant reminder to Central avenue of the dates of this big exposition. The sign reads "Ar kansas State Fair, November 16 tc .23.'
The Sentinel=record., 1914-10-04

Also remember that it is but a short time now until the Arkansas State Fair informs the populace of the Op- portunity that exists here in peaceful Arkansas,
The Sentinel=record., 1914-10-04

You will have to give it to Villa. Carranza can talk more and say less than any other man who has recently been quoted in Mexican talk.
The Sentinel=record., 1914-10-04

Again that Austrian army has been annihilated, making the 'steenth time in 'steen days. And yet it has a sur prising way of proving the come back idea.
The Sentinel=record., 1914-10-04

The man who works tirelessly for things in which he can have no sell fish interest is man who at least should have a pat on the shoulder.
The Sentinel=record., 1914-10-04

We want to be particular and not overlook the matter of inviting our re. sort patronage this year to bring their motors along for morning and after noon and evening spins over our high ways Get that?
The Sentinel=record., 1914-10-04

How in the dickens are you expect ed to maintain the difference between battle and a war when the battle lasts so long.
The Sentinel=record., 1914-10-04

And in order that you don't forget, October 9 is fire prevention day in all well regulated communities. Look over the promises next Saturday and see what the chances are.
The Sentinel=record., 1914-10-04

We believe that Arkansas is awak- ening to the opportunity This con clusion is drawn from the splendid support pledged to l.. E. Sawyer of Garland for speakc-
The Sentinel=record., 1914-10-04

Of course when Uncle Sam becomes arbiter of the worlds troubles he will have less to look after his own busi- ness.
The Sentinel=record., 1914-10-04

We would like to hear more of the conflict of war lords and censors, and the casualties would be read with de light
The Sentinel=record., 1914-10-04

War destroys the wrong architec- ture. They are destroying palaces ln Europe and here in Hot Springs we know buildings that could be shelled to the tune of public plaudit.
The Sentinel=record., 1914-10-04
NOTICE TO PUPILS.

Miss Watts kindergarten and grades will open Monday, Sept 21st, in the primary room of the First Bap tist church building on Court street Phone 937. 9-1S-1m
The Sentinel=record., 1914-10-04

Even Bill Bryan might break over from that grape juice habit and hit the sweet cider in jubilation if peace results.
The Sentinel=record., 1914-10-04

And in the final analysis of the sit uation it doesn't make so much differ ence who does things, just so they are done.
The Sentinel=record., 1914-10-04

Sometimes it makes a man glad of his habits when he realizes his patriotism is first tested by the war tax.
The Sentinel=record., 1914-10-04

Write to or call at Jaccard's on
 Central Ave. for one of their magniti- cent Gift books, it shows the latest things for birthday, anniversary and wedding gifts. It is free to you. If
The Sentinel=record., 1914-10-04

When Przemysl falls it is hoped the Russians will tag it with another name We cant even sneeze that one.
The Sentinel=record., 1914-10-04

Also we might apply that American idea of an agreement to wait one year before declaring war on each other.
The Sentinel=record., 1914-10-04

Say, plenty of money and enthusi- asm would make a better winter e. sort of Vera Cruz.
The Sentinel=record., 1914-10-04

Ali of a sudden we are becoming so progressive that we are lending each other money for improvements.
The Sentinel=record., 1914-10-04

We know now that this is not a gen eration of molly coddles. That spe- cies don't fight like the 1914 fight ing.
The Sentinel=record., 1914-10-04

Wouldn't it be great to go to Bos ton and attend the ball game and have a bumper of tea?
The Sentinel=record., 1914-10-04

China isn't so anxious to get mixed up in this war thing as a whole lot of writers seem to think.
The Sentinel=record., 1914-10-04

The grand jury would like the names and addresses of some of those hunters who cant wait until the open season.
The Sentinel=record., 1914-10-04

And while praying for peace abroad today don't forget to stick in re hinder for unity at home.
The Sentinel=record., 1914-10-04

Put your enthusiasm and ginger in the Hot Springs movements and watch the results.
The Sentinel=record., 1914-10-04

King Cotton ought to be in the bat tie front so he can claim some in- demnity after this war thing is over.
The Sentinel=record., 1914-10-04

You can expect only good results If you give baby pasteurized milk It's pure that's sure. The Pasteu rized Milk Co t-21-tf
The Sentinel=record., 1914-10-04

The color is on the pumpkin all right, and the frost will make the job complete.
The Sentinel=record., 1914-10-04

Either the European war or the worlds series ought to get out of the way. It is too much all at once.
The Sentinel=record., 1914-10-04

Weather will not be an excuse for failure to attend the mass meeting on Monday night.
The Sentinel=record., 1914-10-04

Sometimes authority puffs man all out of proportio=.
The Sentinel=record., 1914-10-04

And then Quebec had to come along with that first fall of snow.
The Sentinel=record., 1914-10-04

Triumphant culture is crowned. Tht Boston team is king of the hour.
The Sentinel=record., 1914-10-04

Good morning, Opportunity. Glad you come, and hope you will stick around.
The Sentinel=record., 1914-10-04

Europe might well spend 1915 in making a study of American diplo- macy.
The Sentinel=record., 1914-10-04

There is another river of doubt along the south coast of Texas.
The Sentinel=record., 1914-10-04

The mule that gets in the first kick usually wins the scrap.
The Sentinel=record., 1914-10-04

A word to the unwse is never suf- ficient. Neither are many words.
The Sentinel=record., 1914-10-04

Why not plaster a war tax on the tango and hesitation.
The Sentinel=record., 1914-10-04

The money of the mser will not talk very loud for Hot Springs.
The Sentinel=record., 1914-10-04

In giving advice we must also be prepared to defend the advice.
The Sentinel=record., 1914-10-04

Hot Springs is on the ight road and moving along well, thank you.
The Sentinel=record., 1914-10-04

day night. Be there if you can and help in the work if you can't be there.
The Sentinel=record., 1914-10-04

In the old world they are fighting in haste and they will repent at leis ure.
The Sentinel=record., 1914-10-04

Villa and Carranza should fight il out with eight ounce gloves.
The Sentinel=record., 1914-10-04

sidered that the salaries are not on
  a per diem basis.
The Sentinel=record., 1914-10-04

That Great White Way will be the Hot Springs statute of welcome.
The Sentinel=record., 1914-10-04

Col. Roosevelt is big game hunting again, regardless of the game laws.
The Sentinel=record., 1914-10-04

Congress ought to be willing to stay on tue job indefinitely when it Is con
The Sentinel=record., 1914-10-04

There should be no strategical re- treats from the mass meeting of Mon
The Sentinel=record., 1914-10-04

You can't preserve neutrality In alcohol.
The Sentinel=record., 1914-10-04

The jaitor may fire when ready.
The Newark journal., 1914-12-25

Best quality fresh creamery but ter at Pridmofe'S Restaurant.
 K. L. MeNairy of Batesville was in town on business Saturday.
 Miss Pearl Poe was the guest of friends in BatesyiIIe Saturday.
 Attorney S. C. Knight of Sul- phur Rock was in town Monday.
 Builders hardware of all descrip- tions at the Newark Lumber Co.
 If you want what you want when you wantit, advertise in The Journal.
 If you have a farm for sale list 1t with the Henderson Real Estate Company.
 Best, freshest and cIeanest stock of groceries in town at K. R. Rat ton & Sons.
 The incest line of strictly new and fresh groceries in Newark, at J. H. Holderby'S.
 J. D. Moore, a prominent citizen of Sulphur Rock, was in town on business Saturday.
 Mrs. NJ. L. Wayman spent Fri day in BatesvilIe, the guest of MT. and Mrs. Clarence Brannon.
The Newark journal., 1914-12-25

Mr. and Mrs. A. Epley of Tex arkana are spending the holidays here visiting relatives.
 Fresh weinies and bologna saus- age every day in the week at Pridmore's Restaurant.
 Remember we save you money on shoes, dry goods and groceries. K. T. Harrington & Son.
 Big special sale of Ladies Suits and Coats now on at Barnett Bros. Mer. Co.,, Batesyille, Ark.
 400 bushels of good corn fer sale at my barn in Newark at 65 cents bushel. J. W. Sisk.
 BE. Conner, a good citizen of the Charlotte neighborhood was in town on business Monday.
 Ladies' Suits from $10 to $25, all exceptional values, at Barnett Bros. Mer. Co.,, BatesviIle, Ark.
 U. P. Kent, one of the county 5 best citizens, was down from Sul- phur Rock on business Friday.
 Regular $20 Suits now on special sale for S15 at Barnett Bros. Mer. Co.,, Batesville, Ark.
The Newark journal., 1914-12-25

White Silk Flour. K. K. Ration < Son.
 Silver Moon coffee at K. R. Rat ton & Sons.
 Blank notes for sale at The Journal office.
 Full line of tinware for sale at J. H. Holderby's.
 Mrs. E. D. House was visiting in 3atesyille Monday.
 Knox mends shoes cheap. III Walnut street, Newport.
 Don't forget to pay your sub Sription to The Journal.
 Buy from the merchants who advertise in The Journal.
 w. E. Kinman went to Bates file on business Tuesday.
 Full line of feedstuff; bran, corn chops and oats at J. H. Holderby's.