davidaulloa/AmericanStories huggingface dataset:
The Idaho Springs siftings-news., 1914-01-03

ply of the notes will be placed In his
custody.
Should q regional bank desire to
pay out more money than Its cash re-
sources will permit. the law provides
that 1t may put some Of Its rediscount-
ed commercial paper into the hands
OF the federal reserve agent" and ro
ceived in return the new treasury
notes.
For each note that It puts out into
circulation, the regional reserve bank
must set aside in gold 40 per cent. OF
the value OF the note as a guarantee
for its redemption. This gold. with
the commercial paper held by the
federal reserve agent" IL the pro
lection behind tho new money; but
these notes will also be guaranteed by
the government and may be redeemed
in gold in the United States treasury.
Reserve Required.
Each regional bank, under the act,
must keep a reserve Of 35 per cent OF
the deposits 1t has received, besides
the 40 per cent gold reserve behind
the treasury notes It issues. II the
gold reserve behind the notes falls be-
low 40 per cent. a heavy tax is i'm
posed on the bank, which in turn adds
the tax to the rate 1t charges member
banks for rediscounts. This was de-
signed to stop an over-expansion OF
currency. In times OF sudden stress
the federal reserve board can suspend
these reserve provisions. In order to
furnish quick relief to any commu.
nifty.
Take Up 6onds.
None Of the existing forms OF cur
rency except the national bank notes
will be disturbed by the new law. The
United States bonds. now used to Sc
cure the issue OF national bank notes.
are to be taken up at the rate OF $25..
100000 q year by the regional re-
serve banks and new treasury notes
or short term three per cent bonds
will take their place. National bank
currency is expected gradually to re-
tire.
The federal reserve board will exer-
else final control over the entire op
GRAFTON of the system. 1t can compel
one regional bank to loan to another
in time of need; can suspend all re-
strictions surroundings the reserves
which regional banks must hold, and
can remove directors of regional re-
serve banks whenever 1t Is believed
necessary.
Banks In Control.
While the banks retain control OF
the boards of the regional reserve
banks. their connection with the fed
eral reserve board is only through
an advisory board is only though
an advisory council. made up OF one
representative from each federal re-
serve district. This council will meet
In Washington to confer with the fed
eral reserve board ION general bust.
ness conditions" and to make recon-
mendations and suggestions concern.
ing discount rates. note Issues, and re-
serve conditions.
An important change in national
banking methods embraced in the new
law will permit all national banks ex.
cept those in New York, Chicago and
ST. Louis to make direct loans on five
year farm mortgages up to rs per cent
of their capital and surplus. or up to
one-third of their time deposits.
The Idaho Springs siftings-news., 1914-01-03

the country banks and vaults or In the
regional reserve bank.
Reserve city banks-Total reserve
required, is per cent OF demand ano
5 per cent OF time deposits. Six-nf-
teenths must be kept In tho banks
vaults for the first two years and nve-
fifteenths after that time. Three-nf'
teenths must be kept in the reginal
reserve bank for the 1rst year. In
creasinE one-ffteenth every six
months thereafter until It reaches six
fifteenths For three years the un-
allotted portion of the reserve may be
kept In other banks. In it's own
vaults, or in the regional bank; after
that time In one Of the latter two
places,
Regional Reserve eanks.
These immense funds of reserves
from member banks" together with
government moneys. will make up the
deposits Of the regional reserve banks.
Each of these banks will be adminis-
tered by q board Of nine directors. SIX
Of whom will be elected by the banks.
and three appointed by the federal re-
serve board
The regional reserve bank may re-
district-that is. buy at discount
from Its member banks-"prime com
mercial paper when the member
banks desire to convert these assets
into money.
Character Of Paper.
The exact terms OF this important
provision as to the character Of paper
upon which the regional reserve banks
may furnish cash are as follows:
Upon the Endorsement OF any OF its
member banks, with a waiver OF de-
mand notice and protest by such
banks. and federal tregionaD reserve
banks may discount notes, drafts and
bills OF exchange arising out OF act
ual commercial transactions: that is.
notes. drafts. and bills Of exchange is
sued or drawn for agricultural. indus
trial or commercial purposes, or the
proceeds of which have been used. or
are to be used, for such purposes. the
federal reserve board to have the
right to determine or define the char
acter OF the paper thus eligible for
discount, within the meaning OF this
act
Eligible for Discount.
Nothing In this act contained shall
be construed to prohibit such notes.
drafts and bills Of exchange, secured
by staple agricultural products, or 9TH
er goods, wares, or merchandise, from
being eligible for such discount; but
such definition shall not include notes,
drafts, or bills covering merely invest
ments or issued or drawn for the
purpose OF carrying or trading In
stocks. bonds or other investment Sc
curities. except bonds and notes of the
government of the United States.
The "EIastic" Element.
The new treasury notes, which are
to furnish the elastic" element in the
currency system, and to add to the
country's circulating money in time Of
! need. will come into use in the follow
Ing way:
The notes will be printed by the gov
ernment, with a distinctive style for
each regional reserve bank One of
| the three directors named by the fed
| eral reserve board for each regional
| bank will be known as the federal re-
serve agent" for that bank, and sup
The Idaho Springs siftings-news., 1914-01-03
Old Adam.

Little Henry, like many other little
boys. was very fond Of playing at be
ing a railway train. He liked to pre-
tend to be the engine and to dash
around the house with a great noise
Of putting and footing.
The other day the stork brought
Henry q sister.
He was taken In to see the baby
and regarded her for q time with an
expression Of grave curiosity. Then
his face lighted up.
Now" said he, I shall have some
body to be the tender. anyhow.
York Evening Post.
The Idaho Springs siftings-news., 1914-01-03
This Age Of Luxury.

One thousand dollars seems a good
deal to pay for doll, yet this sum has
been paid by city magnate for doll
to present to his little daughter. The
doll In question had complete trous-
seau, containing dozens OF miniature
fashionable costumes, complete In
every detail. and was . marvel OF
workmanship.
The Idaho Springs siftings-news., 1914-01-03
vaaarIes Of the Hunters Life.

A Maryland hunter shot at trolley
car, mistaking 1t for a deer, but the
negligent respondent did not ascer-
tain why he got his ammunition at
corner drug store instead OF going to
the usual place.-Louisville Courier
Journal
The Idaho Springs siftings-news., 1914-01-03
Should Be Made to DIvuloe Secret.

Scarcely a living wage. but 1t was
enough for Mr. and Mrs. John Pitt. OF
Trunch, Norfolk. England. who have
Just celebrated their golden wedding.
They have, on wages varying from
$3.50 to 81, a week. brought up fam
fly of ten children. all OF whom are
living
The Idaho Springs siftings-news., 1914-01-03
FULFILLED vouthfu, Promise.

The most compelling Of prodigies
has unquestionably been the infant
pianistic genius. Mozart. List and
Chopin were marvellous exponsnts at
the age Of ten years.
The Idaho Springs siftings-news., 1914-01-03

Factory Re-Manufaetured TypewrIters.
Remington No. 6 and No. Z at $50,
IS per month, or $27 cash. Smith
Premiers No. and No. at $25, IS
per month or $22.5O cash. Guaranteed
by the manufacturer A typewriter
will be shipped on approval on receipt
of IS and satisfactory reference.
Write today. Remington Typewriter
Co., 1888 Champa ST.. Denver. Colo.-
Adv.
The Idaho Springs siftings-news., 1914-01-03
Nothing on Her.

Margery and Helen lived quite near
each other and occasionally played to
gether. One day, when they met
Helen said boastfully:
I'VE keep a butler"
Margery remained thoughtful for q
moment, then suddenly cried, exult
ingly:
That's nothing. We keep board.
ers!"
The Idaho Springs siftings-news., 1914-01-03
One Fault He Noticed.

The young men who compose this
quartet seem to be agreeable fellows"
Quite SO. The only fault l have tc
find with them Is that they disagree &C
distressingly when they try to sing
Birmingham Age Herald.
The Idaho Springs siftings-news., 1914-01-03
Leechllke. In Other Words.

CeechIIke, n Other Words.
The kiss was 30 long as the whole
life Of many creatures that live on
earth.-From The Joy Of YOUTH" by
Eden Pholpotts.
The Idaho Springs siftings-news., 1914-01-03
Quite a Pet,

MY wife is making herself ridi-
culous over that dog of hers"
How now?"
Now she has to take it to see the
moving pictures"
The Idaho Springs siftings-news., 1914-01-03
They All Can.

Has your wife good memoryr
Splendid. She can remember ~.
srytning I've done wrong since ve
we're married"
The Idaho Springs siftings-news., 1914-01-03
A Mean Trick.

A Mean Trick.
What are you punching your broth
er for?"
He went and used the clean place
| had picked out on the roller towel.
1t was the only one left, too?"
The Idaho Springs siftings-news., 1914-01-03

Furniture Factories Kept Busy.
The homes OF this country require
about S23s,ss7 900 worth Of furniture
each year.
The Idaho Springs siftings-news., 1914-01-03

Smile on wash day. That's when YOU
use Red Cross Bag Blue. Clothes winter
than snow. All erocers. Adv.
The Idaho Springs siftings-news., 1914-01-03

stubborn Throat troubles are easily re-
leved by Deans Mentholated Cough Drops.
1hey act like magic-5c at all Druggists.
The Idaho Springs siftings-news., 1914-01-03
Not So Easy a. That.

Not So Easy a. That.
No use has ever been found for
cast OF porous plasters."
Il wouldn't say cast on You've
never heard Of anybody casting of a
porous plaster, have your"
The Idaho Springs siftings-news., 1914-01-03

Ars Wtnslow's Soothing Syrup for CbiIdrs-
see!nins, softens the gums, reduces iniamma,
ton, ,allays pain,cu wind collie esc hn,s, y.
The Idaho Springs siftings-news., 1914-01-03
Cancers Annual Toll.

Cancer yearly kills $4,000 persons
in the United States
Honolulu star-bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1912-2010, 1914-09-25
UNITED RUSSIA
URGED By GRAND
DUKE NICHOLAS

ST, PETERSBURG. Russia--Follow.
ing upon his appeal to the Poles Of
German and Austrian Poland to rise ln
support Of Russia, the Grand Duke
Nicholas, eommander-in-chief OF the
Russian forces. has published an ap.
peal to the Russian inhabitants OF Go.
hcia in which he urges them to throw
In their lot with Russia.
With christisn patience and self.
annihilation, the Grand Duke declares,
the Russian people OF Galicia Ian
guished for centuries under a foreign
yoke, but neither flattery nor persecu.
tons could break In Il the hope OF
liberty. AS the tempestuous torrent
breaks the rocks to join the sea. so
there exists no force which can arrest
the Russian people in its onrush to-
wards unlflcation. Let there be no
longer a subjugated Russia. Let the
country which forms the heritage or
st. Vladimir throw OF the foreign yoke
and raise the banner OF united Russia,
an indiyisible land
Honolulu star-bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1912-2010, 1914-09-25
NO REASON TO CHANGE FRONT

The application of the Pleasanton Hotel for
a permit to sell liquor on its premises has been
once before the liquor license commissioners
and was withdrawn when a large number of
residents of the Punahou district manifested
the strongest sort of opposition. There is no
sufficient reason why the license commission
should grant the permit now. The extension
of the liquor selling privilege into this exclus
lively residence section, within few yards of
Oahu College is dangerous thing Further
more il the commissioners make an exception
in the ease of the Pleasanton Hotel that it may
cater to users of liquor, number of other
hostelries will naturally feel that they too must
have the right to sell liquor.
incidentally, is not this list of signers to the
petition largely the same list that was secured
before the signers realized that the hotel
wished to do anything more than serve liquor
at mealsl It is remembered very distinctly
that the chairman of the liquor license commits
sion declared that he was given to understand
by the Pleasanton manager that the hotel did
not intend to establish anything in the nature
Of bar on its premises and that he was con-
siderably surprised when later developments
showed plans for a commodious buffet well
under way. These were some of the reasons
that started the opposition to the permit be-
fore and this opposition will be even stronger
and more outspoken now. VT ltfla
Honolulu star-bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1912-2010, 1914-09-25
PROUD OF THE RECORD.
Honolalu, T. H., Sept. 25, 1911.

Honolulu, T. H., Sept. Is, 1914
Editor Honolulu StarsBulletin:.
Sir: Not having been one of the
guests who attended the wireless open
ing at Kahuku yesterday. but happen
ing to meet several friends upon their
return, it was somewhat natural for
me to inquire jokingly IL they were all
sober. Whereupon. one replied that
he had not only not tasted drop OF
liquor nor had he sen one during the
day. Another remarked, why, do you
know, | never thought of that, al,
though do take glass occasionally.
Really, | never missed 1t" Still an
ether, "0h, anyway, this social custom
of drinking on al, occasion OF this
kind is no longer GOOD form All
this sounded good to my ears, for just
as soon as the social glass is no Ion.
ger fashionable, good form. a; severe
blow is struck at the whole liquor
traffic For one, feel proud Of our.
businessmen, over 155 of whom, rep.
resenting all lines OF mercantile and
professional life, should have planned
Honolulu star-bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1912-2010, 1914-09-25
Continued from page one,

-
Edna Mary Byrd, history and English,
a graduate of the University of Wash
ingson and an experienced high school
teacher; Harold w. Brewer and Ches.
ter S. Bokelund, both graduates of
Massachusetts Agricultural College,
and Jerome L. Mears of the Hyannis
Manual Training. Massachusetts,. Mrs.
Philip Frear has charge of the do
nestle life of the school-one of the
most important features of a boarding
school. Mr.. John F. Nelson, who after
three years of faithful service has
become yice-principal is rendering in
valuable aid in organizing the WORK Of
the year..
kawaiahao in Fine Shape.
KawaiahaO, the girls department of
the Midi Pacific, has been put this sum-
mer in splendid shape under the artis-
tic leadership of the popular principal,
Miss Mabel e. Bosher. AS usual, the
school is full and many girls are
knocking in vain for admission. A
building for small girls and building
for domestic science are needed. As
this is the semi-centennial year at Ka.
waiahao and special exercises are be-
ing planned in honor of it, Il is hoped
not only that friends will arise to erect
these buildings, but to celebrate this
.fiftieth anniversary with $4,000 added
to endowment and scholarship funds
This school has rendered such noble
Honolulu star-bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1912-2010, 1914-09-25
KAISER LEAVES
POWER TN HANDS
OF CHANCELLOR
Thy Latest Nail

BERLIN, Germany-Be Before the Kai-
ser started for Mainz the imperial
chancellor was given abSolute power
to carry on the government The
Grand Duke Won Hessen has likewise
gone to the front
Before leaving Berlin the emperor
granted pardon to all German subjects
who had not reported themselves for
military duty. on the condition that
they presented themselves within three
months to the military or civil author.
tiles.
The decree applied to all, with the
exception of those who. in the mean.
time, had enlisted in the service of q
foreign army.
Honolulu star-bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1912-2010, 1914-09-25
.MID.PACIEIC INSTITUTE Opens
FOR RECORD YEAR IN ALL LINES

and conspicuous service to Hawaii that
it well merits liberal gifts.
Cupid Takes Teachers.
Cupid attracted good many teach
ers away fronl> Kawalahao's last year
faculty and some were chosen for spe-
cal field, as Miss Goold for the Mary
Castle school The changes were
therefore more than usual Fortunate
ly two teachers of former days re.
turned, Miss Kinney and Miss Currier
Another peculiar feature is that the
same names appear in two other de-
partments. Even though changes were
made, Miss Ethel F. Mills succeeds her
cousin in the music department and
Miss Martha Warne succeeds her sis
ter in the department Of physiology
and hygiene Miss Helen Fern haynes,
B. A., and Miss Eva L. Pitts, b. A., are
the new teachers in the grammar
grades.
The Mid-Pacific has spent nearly the
entire week in organizing its work and
has now settled down to the problems
of its most prosperous year The SIX
years of history in Manoa valley for
Kawaiahao and four years in this beau
tiful new location for Mills have justi-
fed the action of the founder, Fran
els w. Damon, and the liberal gifts of
Hon. George n Wilcox, Mrs. Juliette
NJ Anterior, the C. NJ Cooke trust.
the Mary Castle trust, Mr. Samuel NJ.
Damon, the late Bathsheba NJ. Allen
and scores of others The annual gifts
from the fund created by Mr.. Charles
Honolulu star-bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1912-2010, 1914-09-25
lAPAN'S ATTITUDE
DISCUSSED I'M THE
PRESS OF BERLIN
TBy Latest Mail

TOXIC, Japan Baron Kato made
an interesting statement at the special
session OF the Diet when he rehearsed
the events eliminating In the war
which resulted in the breaking OF dip
lomatic relations between Japan and
Germany and Austria Japanese COM
merce. he said. as well rs that of her
ally, was being threatened by German
battleships in the East and the Ques,
tion OF the maintenance of peace in the
Far East was causing anxiety.
According TO the terms of the ALI.
ance between Great Britain and Japan
both countries undertook to maintain
and consolidate peace in the Far East
and to maintain the, independence and
integrity of China Possession by
Germany of q powerful base in the
Far East not only threatened Japanese
interests but constituted a menace to
peace. Japan could, therefore, scarce.
" do otherwise than accede to the re-
quest of Great Britain for assistance,
Honolulu star-bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1912-2010, 1914-09-25

and carried through an ecursion like
that of yesterday without sight or
smell of that which intoxicates.
1t is to be hoped that the committee
in charge of the arrangements for the
big civic convention soon to be held
on Maui will insist on the same re-
spectacle and eontEiendable plan Of
procedure
Some years ago when the Hon. T. II.
Yoon, member Of the royal family,
and vice-minister Of foreign affairs Of
the Korean government, visited Ha-
waii as guest of the Sugar Planters
Association, was asked by the trus.
tees to accompany the Prince on a
tour of the islands in order to visit
the plantations and inspect the condi.
ton of the Korean iaborers. We were
entertained in the home of the man.
ayers for the most part, one Of whom
told me afterwards that having been
advised by the Honolulu authorities OF
the visit of the Korean prince, he
took occasion to send to the city for
a supply OF wine and tobacco of spe
cial brand which he thought would
suit the taste of his Royal Highness.
At the dinner that evening, where
there were several other guests, Mr..
Yoon kept shaking MS head as the
servants passed the bottle and the
cigars, whereupon our genial host,
having repeatedly pressed his guest to
partake. at last asked in establishment.
Prince Yoon, don't you really drink"
oh, no sir, you see am Chris.
tian.'
Yours sincerely.
JOHN w. WADMAN.
Honolulu star-bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1912-2010, 1914-09-25

inn viii be complete IN every detail.
that the modern hotel can offer and In
addition win have many community
features not found In the hostelries.
Tickets win be validated In the hotel
and berths. railway tickets and bank.
ing facilities will be provided within
the structure, The location Is on q
high point Of ground overlooking the
entire exposition and facing the grand
band concourse opposite the Palace OF
Horticulture IN the South Gardens
The rates are from 81 to IS per day
and under the supervision or the expo.
sitfon
Honolulu star-bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1912-2010, 1914-09-25

Delegate Kuhio is commended for helping
get the Honolulu federal building bill up for
Z unanimous consent" in the house. As a mat
ter of fact, if Hawaii had had active and ener-
getic representation in Washington this sum
mer the federal building bill would have been
past Congress before now Reports from
Washington show that Connecticut congress
man was able to block action a few days ago
and the next unanimous consent day will be
on October 5. It will be interesting to see if
the bill is once more sidetracked.
Honolulu star-bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1912-2010, 1914-09-25
EDITOR
M1L1TARIsM AND PREPAREDNESS

Ultra -militarism is an evil, and lack of mill
tary preparedness is equally as great an evil.
Treaties and agreements will not change human
nature and it is just as important for the United
States to have an adequate naval and military
force for national defense as to negotiate peace
treaties with the nations Of the world. Ultra
militarism breeds the sort of spirit that turns
first to threats of war as means of emphatic
national expression. 1t is not to be expected
that nations raised on military text books will
suddenly place implicit confidence in craps
of paper Universal peace will be reached, if
ever, only by slow process of education, and
meanwhile the United States must keep well
developed the kind of muscle that gives con-
elusive backing to moral courage.
Honolulu star-bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1912-2010, 1914-09-25

(T'he Star-Bulletin invites free and
frank discussion in this column on all
legitimate subjects of current interest
Communications are constantly re.
ceived to which no signature is at.
tached. This paper viii treat as con.
fidential signatures to letters II the
writer's so desire, but cannot give
space for anonymous communica.
tions.)
Honolulu star-bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1912-2010, 1914-09-25
alNslnE nm. lNsInE

Work was started on The Inside
Inn" to be built Just inside the horti.
cultural boundary wall OF the Panama
Pacific International Exposition The
company that is building this structure
is Incorporated for $1,500,00 and the
Honolulu star-bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1912-2010, 1914-09-25

Up to September Is the numbepofsaeroplane
pilots killed in the European war was estimated
at so, exclusive Of the fatalities to pilots and
crews Of dirigibles. If these figures which
come from Paris, are even approximately cor
rect the loss in fighting aircraft must be
reaching serious proportions
Honolulu star-bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1912-2010, 1914-09-25

Gregory is evidently lawyer instead of a
politician, = remarked one Of Honolulu's lead
ing attorneys today when he heard that the
new attorney general had withdrawn Mercy
mold s demand for the resignation of Federal
Judge Clemens That seems to state the case
pretty completely.
Honolulu star-bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1912-2010, 1914-09-25

Of Europe When this important piece Of work
+. started, we suggest that some Of the revisers
0se little simpliied spelling along the Russian
border
Honolulu star-bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1912-2010, 1914-09-25
Will you not come in and see
samples of our new Shaded Gre
clan" engraving and of the new
panelled card?
Wichman & Co.,
JeCeiers

r. Bishep are one of the steady and
sources OF income The Hs-
waiian Evangelical Association re
ioices in the growth OF this child OF
her own and commends Il to the be-
neyolent for gifts and to parents for
patronage.
Honolulu star-bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1912-2010, 1914-09-25

Maine reports the election Of a Democratic
governor, but somehow both the Republicans
and the Progressives maintain that the rock
ribbed commonwealth has failed to keynote z
this time.