davidaulloa/AmericanStories huggingface dataset:
The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1914-04-07
CLEARS COMPLEXION
REMOVES SKIN BEEMISHESl

Why go through life embarrassed
and disfigured with pimpIes. erup-
lions, blackheads, red rough skin, or
suffering the tortures Of Eczema. itch.
letter, salt rheum. Just ask your
druggist for DR.. Hobson's Eczema
Ointment. Follow the simple sug-
gestions and your skin worries are
over. Mild soothing. effective. Excel
lent for babies and delicate tender
skin Stops chapping. Always helps.
Relief or money back. soc. Recon-
mended by A. G. Luken & Co.
(AdYerttSemanfN
The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1914-04-07
PETITION FOR WRIT
OF HABEAS CORPUS

DENVER, Colo, April IA petition
for a writ Of habeau corpus has been
presented to the state supreme court
in behalf Of Mother" Jones, held as
a military prisoner at Walsenburg,
Colo. The court has been asked to
take original jurisdiction. Pending
the decision the aged strike leader Is
being held in the county Jail.
The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1914-04-07
RICHMOND MARKET
LIVE STOCK

i(Corrected daily by Anton Stole.
Phone 1870
HOGS.
Primes average 200 lbs.) per 100
lbs, 1855; heavy mixed, per 100 lbs.
1885; roughs, per 100 lbs, 81 @I$7.75.
CATTLE
Choice steers, per h., &c to- TIC;
| butcher steers, per h., &c; co'Es, per-
h.. SC to &c; bulls, per lib, 5Rc. to Sci
choice veal calves, per h., &c.
1 GRAIN MARKET
NCorrected daily by Richmond Roller,
Mills. Phone 2O19)
Wheat, per blu. ..................9 2c'
o ITS. per Du. 4Gci
New Corn, per bu. .............. CSC
RyeS per Du. ~. QUO
BraIS per ton .........:..... $2S.OO'
Middtings, per ton ........... $3O.0Ol
PRODUCE
(Corre cted daily by Ed Cooper,
Phone 2577)
Old He1ts Give weight) per lib. -. 12c
The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1914-04-07
INDIANAPOLIS LIVE
STOCK

INDIANAPOLIS, April 7.--Hogs--
Receipts, 1000; market 5va1Oc lower;
tops, $500: bulk of sales, $685.. Cat
tle--Receipts. 1850: choice steers.
sS.400S.50 other grades. $S.O5@S rs.
Sheep and lambs-Rece2pts, $50: mar
ket steady; prime sheep, $500; lambs,
IS. down.
The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1914-04-07
TRUSTEES MEET

The trustees Of Earlham college,
will hold the regular monthly session
tomorrow at the college, Several mat
ters of importance pertaining to the
discontinuance Of the summer school
will be discussed. The annual cata-
logues are off the press after having
been approved by the officials of the
college. They will be distributed to
persons interested in the school.
The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1914-04-07
kPITTSBURG LIVESTOCK

PIT dSBURG, April E-Cattle-Sup-
Ilply, 700; market steady: veal calves,
N$11.50f Sheep and lambs-Supply,
1000; market steady; prime sheep,
$500. lambs, $3.50. Hogs-Receipts,
| 1900 market higher; prime heavies,
Use % :, pigs, 1926.
The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1914-04-07
NETWORK STOCK QUO
TATIONS
CF4CAGO LIVESTOCK

CHICAGO. April 7-Hogs-Receipts
13,G001 market steady; top price,
$3.50; Fbalk Of sales. +$8.76@8 S. Cat
tle-Reoeipts, 5000; market steady;
beeves,i $7.00@s.70: calves. $3.50
$1,000. Sheep-Receipts, $4,000; ma
tives and westerns, $4.O0@6.70 lambs
6$5. 1906 Is.
The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1914-04-07

Wooden spoons are almost the 'only
kind used in the peasant class in Rus
STA. which forms II per cent. of the
entire population.
The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1914-04-07

s<The Last Time
/ was i'm Chicago
Mr.. Carter showed
me a letter from a Mem
phis builder stating that
he had been using Carter White
Lead for some time because it was
the only paint he had found that
would cover and come out white
with two coats. Then he WENT
to ask what was put in Carter
make it so white.
His question was a natural one,
for until the Carter process ofmak-
ing white lead was perfected well,
white lead wasn't as white as it
should be. But Carter White Lead
is strictly pure and it's pure white.
There's nothing put in to make it
white. It's all in the way Carter 10
made. There's a guarantee of
purity on every key and when it's
opened up you can see that it's
white. While / mix all my own
colors, my speciality is white paint
that's really white"
Yours for Purity,
The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1914-04-07

Place your orders for East
er Flowers and Blooming
Plants now with Lemons
Flower Shop. TIT
The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1914-04-07

Old Chickens, dressed per lib 15c to zoe
Young Chickens, dressed, lb. 20 to. 22c
Country Eggs, per doz ........... 15c
Country Butter. per lb. %. 20 to 25c
WAGON MARKET
Corrected daily by Omer Whelan.
Phone 1871
The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1914-04-07
BILI0 UsNE ss
There Is Nothing Like Common
Sense and USOLINE to Cure

There 10 Nothing Like Common
Sense and USOLINE to Cure
Biliousness.
You can dose yourself for this symptor.
and for that symptom.
But what's the use 10 long - you leave
the CAUSE untouched
This IL where common sense comes In
to think out what makes you bilious,
what gives you sour stomach. gas, belching,
sick headache. heartburn. pains in back,
liver and kidneys, .indiGestion. yellow skin.
pimples, nervousness and depressed feeling.
It's Constipation.
The bowels are clogged up, irregular,
not doing their work properly.
You take . "dose Of pills." . bigger dose
than last time, because that's o peculiarly
of astringent drugs, that 1t takes larger
and still larger doses to have effect. These
violent purgatives relieve the bowels, but
it's a painful operation and simply aggra-
Yates the condition and does not cure the
constipation.
Now try UsOLINE-it isn't Q cathartic.
a purgative. a laxative, or drug Of any
kind - simply . pure mineral oil pumped
from the earth, in Russia. and re-renned
by tho OIL PRODUCTS COMPANY. New
YORK F-ssy-- No.. n.y.
It's tasteless, odorless. coloriess. The
system does not absorb USOLINE because
IL IL . mineral oil. and that's why .
mineral oil 10 preferable for the purpose
we want It in the bowels, and CSOLINE
simply passes down the throat and stomach
into the bowels and lubricates the
whole passage, causing the movements to
be regular, easy, painless and natural.
Then your constipation
disappears, and with fe
biliousness and tho rest NLN
Of your troubles. AIGlA
Try There k1ly1Vs(9
is nothing like 1t. Give TT3
1t to your children for t-~I
upset stomachs and con- W.
situation. They like to %. -. d..
take 1t. Sold by druggists nM,rn :,
generally, Csc. and SOC. o IL go.
large bottle. and 81 . 9" ING S''
three pint tin. Also in
cap~ules, Q deg. in . box. SOC. ASK or
write for fre~ printed matter. ~
Conkey Drug Store.
The Fairmont West Virginian. (Fairmont, W. Va.) 1904-1914, 1914-03-17

.Drennen, subject, Mining Machinery
Efficiency. The above officials will
remain here Wednesday and possibly
Thursday as, the meetings are expect
ed to last that long.
The Fairmont West Virginian. (Fairmont, W. Va.) 1904-1914, 1914-03-17
5PRDNGEAsH|ON
sHOWIW|L[ Be
!. GREAT EVENT
MERCHANTS To- GIVE WONDER
Full DISPLAY OF PREVAILING 4
STYLES ON iMARGH526. 4
ALL OPENINGS TO BE HELD ON
SAMEtDAY-ST0R ORES GETTING
READY FOR EVENT.

THURSDAY, March 26th, has been.
snnouneed4as the; datefcr ;Fairmont's
Spring Fashion Show. In which mer-
chants Of the city will unite this
year. In the past each merchant has
fixed his own date each event being
distinct and separate. For some time
the idea of uniting in this event has
been agitated and several months ago
plans we're formulated though the
date was not announced until this
week. ,yRsRyH
From. now on IN fact nrena rations
have heon under wav ,or snmo t;aa
stores :wsill no ! bnsv SCENES for ,Tn
events in each store. are eynectad r.
selinse nrsvious ss6rtsss gN per t,s,. :?
The Fairmont West Virginian. (Fairmont, W. Va.) 1904-1914, 1914-03-17
;r,I,l,, l9lIVNr, e.,
M!l.artinFuneral..
On Wednesday

Funeral services over the remains
of Ross Martin whose death occurred
at Plum Run yesterday will be held
on Wednesday afternoon at 1890
O'clock from the home of his fa-
ther. L. d. Martin at Plum Run. De-
ceased was member of the A. +.
and a. NJ. In this city and this order
Will have charge of the intermcnt.
Through an error members of the
order were notified that the services
would be held on Wednesday morn
ing. Members of the lodge are re.
quested to meet at the temple at Il
O'Clock tomorrow and take the one
o'clock. car for Plum Run.
The Fairmont West Virginian. (Fairmont, W. Va.) 1904-1914, 1914-03-17
"PAPE's DIAPEPsIN" MAKES UP.
SET ST0MACHS FEEL FINE IN
FIVE MINUTES.

Millions of men and women today
] now that 1t Is needless to have a bad
stomach, little Diapepsin occa-
sionauy keeps this delicate organ; reg
,llSted and, ahey eat. Athcir lfayotits
foods without fear.
The Fairmont West Virginian. (Fairmont, W. Va.) 1904-1914, 1914-03-17
Consolidation
CONTINUED fRdM PAGE ONE. J

Fletcher. chief engineer. of the; Penn.
sylyan.a Observation-Disclosures,
of Jenkins. n.y.. managertpof the
Elkhorn division in Kentucky; L. u.
Abbott. Of Jenkins KY. chief en-.
gineer of the Elkhprnl division; C.
N. Gillette. manager of, the Millers
Creek division Of Kentucky: Frank
Vokrndt, chief *of1the' Mill.
er's Creek 1diyisionrip Kentucky Geo.
T. Watson:7rices president; Frank
Haas, consulting engineer; F. II.
Lyon, general manager of operation;
John Gordon smyth, chief engineer
of all divisions r. E. Rightmire Gu
gincer of tests: Frank C. Davis, aB-
sstant purchasing agent: Roger l..
Kingsland. superintendent of the
power and mechanical department;
r.. T. Cunningham, auditor of the
West Virginia mechanical depart
ment: II. T. Cunningham. auditor of
the West Virginia division; C. f.
Ice. coal inspector; a. w. Hessc. as
sistant chief engineer, W. D. Stock
ley, general manager Of the Fairmont
Mining Machinery. company. ]. C.
GasFkkiilllIv assistant consulting Senei,
,,neer:,tI Nv Stevens. instruction cn=
Esineer; s. L. Watson, treasurer: en-
Coy n, Fleming, chief counsel;
i g: 81 Alexander assistant ,chiei
Icounscl, 49,,
gtAmong those who read excellen,
\ papers at :thcts meeting were John
aGordon smyth. subject, Safety First:
A. E. Rightmire. subject, Inspection
and preparation OF Coal; Brooks
Fleming. Jr.:. subject, Man Efficien'
cy; C. NJ. Gillette. subject, 'Locomo
tive Haulage Efficiency: Everett
The Fairmont West Virginian. (Fairmont, W. Va.) 1904-1914, 1914-03-17
THE Manhattan Gaiety Girls
Burlesque Co.

The attraction. at the Grand on,
Wednesday night, March 18th will
be- the Manhattan Gaiety Girls! an
Offering of unusual merit among
burlesque organizations. The hand
some show girls. ave been Selected
with the greatest amount of care,
not alone for their, beauty but for
their ability as we'll. The comedi-
ans are clever, even If less beautiful
to gaze upon.
The big offering for the season is
The Fairmont West Virginian. (Fairmont, W. Va.) 1904-1914, 1914-03-17

parcel Of land In the Arnett addition
to tho city ofEFairmont; considcra-
tion, $500. ~
C. NJ. Ritehie. and wife ct al, to u.
+, Kcencrsa parcel, of land in Win
! field district; Il consideration, S. and
other valuable consideration.
C..cs Meredith and wife to- J. L.
Morgan, a parcel of land in>thc Mo
nongahela Industrial compahyts addi'
ton to the city of Fairmont; consid-
Grafton. 81 and other valuable con.
stdcration.
Smith Hood, Jr., ct al. to Hood
Clayton parcel of land in the Hood
addition to the village of Rivesvillc;
consideration, sees.
The Fairmont West Virginian. (Fairmont, W. Va.) 1904-1914, 1914-03-17

Il your stemach doesn't take caro-
81 your liberal limit Without rebel
lion; II your food is a'damagc instead
of help, remember, the quickest.
surest, most harmless relief IS
Fape's Diapepsin which costs only
fifty cents for a large case at drug
stores. It's truly wonderful d.
sests food and sets things straight, so
gently and easily that 1t is astonisn-
ing. Please, for your sake, don't
go on and on with weak, disorderea
stomach; it's so. unnecessary.
The Fairmont West Virginian. (Fairmont, W. Va.) 1904-1914, 1914-03-17
PICTURES q PICTURES j

Send or bring in your small pic:3
ture any day before 1900 O'clock
accompanied by correct name and
address and we will make you a
large picture in any colors and guar!
,antee our work to be satisfactory;
Prices reasonable.
T.H.n.
554sogden Avenue.
Fairmont, W. Va.
The Fairmont West Virginian. (Fairmont, W. Va.) 1904-1914, 1914-03-17
Guardians Named.


Elilus Curreyl was named guardian
II Morleys Robert and Victory Wayne
Mason Bond Of SIS in each case,
amounting to $50 given.
j: Calvin Yost was named guar
dian Of Nellie and Edna Yost. Bond
q 800 In each Case, amounting to
soosgiyen.
Solomon Efaw guardian of Iona
ssabel Efaw. Bond of 800 given.
Deeds Filed.
Deedswere yesterday filed with the
county clerk for recording as fol,
Lows:
Edward Slack to John S. Price,
The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1914-11-06
STOP THAT ITCH
WITH RESINOL!

There's a world Of comfort for tor
tured skins in a warm bath with Res
mol Soap and a simple application of
that soothing, antiseptic ResinOl
Ointment! In a MOMENT all itch
ing and burning are gone, healing be-
gins, and soon the skin is free from
the unsightly, tormenting eruption.
Doctors everywhere prescribe Resinol
freely and have done so for nineteen
years, therefore it is not an expert
ment but a treatment of tested and
proven value. Isn't that the kind OF
treatment YOU want?
Resinol Ointment (50c and $1,000
and Resinol Soap (25c), are also
speedily effective for pimples, black
heads, dandrun and sores. Sold by
all druggists. For trial free, write to
Dept. 3S-R, Resinol, Baltimore, Mo-
Adv.
The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1914-11-06
WILL DISCUSS BUSINESS.

Kansas City Banker to Address Big
Meeting at Ottawa Tonight.
Ottawa, Kan, Nov. 6.-J. T.. Brad
ley, cashier of the Southwest Nation
al bank at Kansas City, Mo-, will adj
dress the Brotherhood of the First NJ.
E. church Friday evening on the sub
ject of, 1.-The Effect of the European
War on Business Conditions" The
financial outlook will be dealt with
especially.
This is the third banquet of the
Brotherhood series. The feed starts
at $50 and the speaking follows i'm
mediately.
The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1914-11-06
COPS GET CLOTHES.

Hiawatha Police Now Have Regular
Uniforms With Brass Buttons.
Hiawatha, Kan, Nov. 6.-For the
first time in its history Hiawatha has
an uniformed police force. Marshal
Hardy and Assistant Knox trotted
forth in their new garb this week for
the first time. This was a surprise
to the citizens who were not prepared
for the sudden move in civic i'm
provement.
The uniform for the policemen con-
sists of neat blue coat with brass but
tons, blue trousers and a regulation
bell crowned cap.
The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1914-11-06
TO TALK ON MEAT.
Kansas Live Stock Authority win Adj
dress Big Washington Convention.

Manhattan, Kan. Nov. 6.-W A.
Cochel, professor Of animal hus-
bandry at the X. S. A. c. left Thurs
day for Washington, D. c., to be pres
ent at the annual meeting Of the
American Society of Animal Produc-
ton which takes place November
10-11.
On Tuesday, November 10, Profess
sor Coche1 will deliver an address be-
fore the society on the subject,
Causes Of the Deficiency Of the Meat
Supply and the Probable Remedies. '
The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1914-11-06
STOLE THE BOOZE.

Political Persuasive Water ut Coffey-
vile Polls DISAPPEARED.
Coffeyville, KAN, Nov. ct is re-
ported that whisky was being used in
the second precinct OF the Second ward
here and that while the party in pos
session of the booze was busy arguing
politics. his supply which was in a gal
lon bottle, was stolen from him.
The presence and use of the liquor
was not reported to the officers in
time for them to nab the booze and
its owner
The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1914-11-06
WHILE CHASING A CHICKEN
Larned Man Broke HIS Shoulder on I
Binders Tongue.

Larned, Kan, Nov. 81. E. Mus
selman is carrying his arm and shout
der in q sling as z result of an en-
counter with an enraged chicken He
says he was chasing the chicken to
catch it, and ran into the end Of the
binder tongue, which he had propped
up off the ground. But the chicken
hasn't been heard from and it il pos
sible that 1t got tired OF being chased
and kicked it's t0rMentOr.
The injury is u severe one, and will
keep Mr. Mussel2an out OF the use OF
one arm for some time
The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1914-11-06
THAT JAR OF MUSTEROIE ON
THE BATHROOM SHELF
Has Relieved Pain for Every One in
the Family.

When little Susie had the Group:
when Johnny got his feet wet and
caught cold; when father sprained his
knee; when granny's rheumatism
bothered her
That jar of MUSTEROLE was right
there to give relief and comfort.
MUSTEROLE Is clean, white ONT
ment, made with oil of mustard. 1t
will not blister like a mustard plaster.
Quick relief for Sore Throat. Bron-
chitis, Tonsilitis, Group, Stiff Neck,
Asthma Neuralgia, Headache. Conges-
ton, Pleurisy, Rheumatism. Lumbago,
Pains and Aches of the Back or Joints,
Sprains, Sore Muscles, Bruises. Chill
blains, Frosted Feet. Colds on the
Chest cit often prevents Pneumonia) :
Nothing like MUSTEROLE for croupy
children.
At your druggists. in 25cs and soc
jars, and special large hospital size
for $3.50.
Be sure you get the genuine MUS
TEROLE. Refuse imitations-get
what you ask for The Musterole
Company, Cleveland, Ohio.-Adv.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1914-12-07
NEUTRALITY-SUSPICIOUS. PIKE.
Proposition to Complete Roadway
Nav Be Voted On.
,.,o,dencc ~ me Star.

SPECIAL Correspondence OF Inc ctAi-
VIENNA, Va, December 7.-Petitions
are In circulation asking Judge Thorn
ton of the circuit court to order a spe-
ciaI election to take the sense of the
voters of Providence district, Fairfax
county, on the question of whether
bonds shall be issued fer $4,000 for
construction of two macadam roads to
connect the present Fairfax-Vienna
macadam road with Falls Church and
the Georgetown pike.
1t requires the signatures of fifty
freeholders to assure the election. It
was expected they would be obtained
this week.
The roads proposed form the connect
ing link between the terminus of the
present Fairfax road and the Alex
andria county roads leading into Wash
ington. Their construction would sup
ply a continuous macadam highway be-
tween Washington and Fairfax.
Thomas r. Keith of Fairfax has been
appointed chairman for Fairfax county
of the county committee for the collec-
ton of money and provisions to send
Virginia shipload to the relief of the
Belgians. The contributions will be
sent to Norfolk, and $50 has already
been contributed at Fairfax.
The Fairfax county board of super
visors has adopted resolutions COM
mending the segregation plan of state
taxation These resolutions will be
presented to the Virginia general as
sembly by the minority of the state tax
commission. The board has also author
ICED an addition issue of 100000 road
bonds for the completion of the roads
Evening star. [volume] (Washington, D.C.) 1854-1972, 1914-12-07
REWARDING TENNIS CRACKS.
Gold Medals to Be Given Winners
of National Championship Title,

NEW YORK, December Gold
medals designed by the most famous of
American sculptors are to be awarded
to each of the lawn tennis players who
has held a national championship title
The details of the plan and the se1ec-
ton of the designs will be made at the
meeting of the executive committee of
the United States National Lawn Ten
mis- Association, which Edwin F. Tor
rey. the secretary, has called to be held
at the Waldorf-Astoria, beginning Fri
day, December Is. Palmer E. Presbrey
of the Longwood Cricket Club, Boston,
is chairman of the medal committee,
which also includes George T. Adee and
c. Frederick Watson, jr
The complaint has been made that a
fine collection of silver cups is con-
slant source of care. Often the neces-
sity of keeping them in safe deposit
vaults becomes an expensive luxury.
The selection of valuable medal of
gold which will be standard is regard
ed as the solution of the problem.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1914-12-07

A submarine apparatus permitting the
use of a motion picture camera, recent
ly invented by an American, has been
successfully employed in obtaining
motion pictures of marine vegetation
and fish in the harbor at Nassau.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1914-12-07

now under construction in Mount
Vernon district. below Alexandria
This Is part of a total issue of $4,000,
Of which $4,000 has already been ex-
pended.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1914-12-07

The Comforts are covered with
best grade sateen and filled with
double layer of white sheet cotton,
scroll stitched quilted.
Qualities sold regularly at $500
Fourth Floor.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1914-10-15

in Salem, and will make such i'm
provements in its methods and its
products as circumstances may re-
Guire.
Luther G. Straw of Salem. who re-
sumed an active interest in the firm
few days before the factory was
burned in the great Salem fire, will
make his home in Maine, so that he
may be near the factory. Very likely
few people realize how much Mr.
Straw has done towards the building
up of Salem, for he never has said
much about il. He started making
shoes in very small way Is years
or so ago, and he built up one of the
best shoe making enterprises in Sa-
lem. Many persons have benefited
from his building of a business enter
prise for they found employment in
his shop and a number after gaining
experience in his shop, engaged in
business on their own account or Sc
cured responsible positions with other
firms, to their own profit
Mr.. Brooks continues as Mr.. Straw's
partner. Fred B. Marston, who with
drew from the firm a few months ago,
has formed the firm of Marston &
Tapley, and they have begun shoe
MANUFACTURING in Danvers
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1914-10-15
GOVERNOR HAML.IN OF RESERVE:
BOARD ADDRESSES AMERICAN,
BANKERS ON The new system

be one of credit. Mutual trust and con-
fdence have been disturbed. AS To Ger
tain great crops, the demand has
temporarily greatly decreased in con-
sequence of the war, and value has left
its moorings-the cost Of production.
Ordinarily such a condition would
quickly adjust itself. We should see
to it that the remedies proposed are
not worse than the disease itself
THE United States treasury is in sound
financial condition. It possesses ample
funds of gold and ample power to in
crease the gold reserve should it ever be
neeess AIRY.
lit Should be remembered that the re-
serves to be paid into the federal reserve
banks will not reach their maximum un-
til after the expiration of three years. At
the opening, however, the reserve banks
will begin operations with a paid in cap
ital of about $1S.oG00G0 and reserve de-
posts of about $3.50, 100000.
1T has been asserted that the assets
of these banks when they begin opera
tons will give only a limited lending
power It should not be forgotten, how
ever, that this lending power may be
greatly Increased by the deposits of pub
lie moneys. which the secretary of the
treasury is authorized to place with the
reserve banks. Practically all of the gov
eminent revenues could be deposited and
the government debts paid by CHECK
against such deposits. One can state
with confidence that the federal reserve
system at the outset will increase the
lending power of the national and federal
reserve banks by some hundreds of mil
lions Of dollars.
An amendment is now pending in Con-
gress under which member banks may
keep all their reserves in the federal re-
serve banks. This will greatly increase
the lending power of the federal reserve
system, thus increasing their power to
cope with the present abnormal eondi-
tons"