davidaulloa/AmericanStories huggingface dataset:
Evening star., 1914-08-09

refer to the psychology of business de-
pre- a ons.
Mental Attitude The founda-
Often Starts Panics. nancia /
panic is largely an attitude OF mind'
and an attitude that Is extremely con-
tagious When depositors cannot Will
draw their deposits in cash from
bank they fear for the safety OF their
money. When this fear spreads every
one who has money in a bank wants TO
draw it out. A run upon bank soon ex-
hausts the institution's supply OF cash
unless that institution can find a ready
market for its investments. with panic
in the air other banks refuse TO puy
these Investments and so TO deplete
their own cash reserves. In the past
there has been no central supply of
money to which pressed banks might
turn. At the first signal of trouble 25.o0O
banks have started to hoard their part
of the country's money reserve credit
has been suspended: frantic efforts
made to sell any and all securities. with
a consequent enormous loss OF values
and the vicious cycle has been the
growth of fear for ones own safety.
the desire Immediately to protect ones
self at the expense OIL OtnefS, anu tHe
final injury of all.
OF course. decentralization has never
been existent to the degree that each
| Of the $4,000 banks carried it's entire
! reserve in it's own vaults. A certain
bringing together. or mobilization of
reserves. was provided for in the ma
| tional bank act. The national banks
were divided by this law into three
classes. Country banks, reserve city
banks and central reserve city banks.
! Banks in all but the last class allow ed
! 10 carry a part of their reserves in
banks of the other classes. Thus coun-
| try national banks have carried part OF
| their required reserves in the vaults
| Of reserve city banks and central re
serves with national banks In the
! serve city banks, while reserve city
| banks have carried part Of their re-
| central reserve cities. This practice has
had the effect of marshaling vast
| quantities Of the lands money in the
| central reserve cities. of which there
are three-New York. Chicago and st.
Louis. When the panic broke out in
1907 more than $465.000.000 of the ST.
| 900, ,OOO, 900 on deposit In the national
banks of New York city represented
the reserves of other banks of the
| country.
Evening star., 1914-08-09
y a%ra MADE ~~ THE ~ ~

Cumber: Mrs. George App. formerly of
this city, but now of Washington. and
two of their Washington friends left re
Gently for a tour of that portion of Eu-
rope now seething with the war fever.
Others who left here month ago for
the same region were Miss Katharine r.
Glass. her sister. Mrs Susie Glass Strid-
, er: Mrs. Ada Sommerville Hatcher and
her daughter, Miss Hatcher. They are
believed to be in England at this time.
Evening star., 1914-08-09
FARLEY IN BRUNNEN.
With Bishop Hayes and Others Re
ported Safe in Switzerland.

NEW YORK. August 8.-Cardinal
Farley and his party. as to whose
safety abroad there had been sofe anx-
iety. are safe al Brunnen. Switzer-
land. according to a private cablegram
received here today The dispatch added
fhat the date of their return was un-
certain.
With the cardinal are Bishop Hayes,
Vicar General Edwards of New York
and DR.. Carroll the cardinals secre-
Evening star., 1914-08-09
LIEUT.. COL. McNALLY DEAD.
Funeral Services Tomorrow From
Northminster Presbyterian Church.

Lieut.. Col. Valentine McNa1ly, U. S. A..
died yesterday at his home. 1417 N street
northwest. Funeral services will be held
at o'clock tomorrow afternoon from
Northminster Presbyterian Church, 11th
and Rhode Island avenue northwest In
termetn is to be private, in Arlington ma
tional cemetery.
Evening star., 1914-08-09
Art Is Long. Indeed

From the Philadelphia Ledger.
1T took eight years Of work
That's a long time TO devote to one
picture"
Yes. indeed-six days TO paint it and
the rest of the time to sell it,
Evening star., 1914-08-09

assistant at st. Neronica's Roman
Catholic Church of New York. Father
Brady is the last TO he appointed under
the old system. as hereafter chaplains
in the navy Will have to serve a proba-
tionary period Of three years before re-
ceivng their permanent commission.
Evening star., 1914-08-09
The new BANKING LAW.
W.-Putting It in Effect.
By Frederic J. Haskin.

An intervening period of three years
is allowed by the federal reserve act
between the first steps of organization
and the final establishment of the new
banking system. AS the act provides
for a significant redistribution of the
country's cash reserves. the change has
been parceled over a number Of years
in order to prevent hardships to
bankers and business. This problem
OF shifting the money reserves of the
land to the chain of new reserve banks
is the most serious, the most fraught
with danger of any problem, probably.
presented by the impending reorgani-
zation Of American banking.
As a body for undertaking the f1rst
steps toward putting the new law into
effect the act named the Secretary of
the Treasury, the Secretary of Agri-
culture and the controller of the cur
rency. The primary charge to this
committee was the partition of the
continental United States, excluding
Alaska, into from eight to twelve dis
tricts and the designation In each of
these districts of one federal reserve
city. The decisions Of the organization
committee as to reserve districts and
federal reserve cities were made re-
viewable by the federal reserve board.
After having determined the number
and location of districts and having
designated the reserve cities therein,
the committee was to proceed with the
formation of the reserve banks.
Evening star., 1914-08-09
Last Chaplain Under Old System.

One OF the new chaplains appointed to
the navy under the law recently passed.
increasing the number from twenty-four
to ffty-two, is Father John J. Brady,
Evening star., 1914-08-09
Officers to Enforce Traffic Laws.

Motorists who openly violate the vir-
ginia traffic laws on the Shenandoah val
ley pike between Winchester and Staun-
ton may expect hereafter to be arrest
ed by motor cycle policemen, several of
whom were employed this week. They
are regular deputy sheriffs, and are paid
Jointly by the counties and the turnpike
company. Telephones have also been in
stalled at each tollgate for the conven-
ience of the motor cycle cops and others.
Friends were pleasantly surprised yes
terday when announcement was made
of the marriage of Curtis G. Harloe and
Miss Elaine L. Calvert. both of Winehes-
ter, which took place July 80 In Hag
erstown. Nd, the ceremony being per-
formed by Rev Allen Poore. The bride
is a daughter of E. d. Calvert. supervi-
sor of the Shenandoah division of the
Baltimore and Ohio railroad.
of Bishop Robert Atkinson Gibson of
the Virginia diocese. has declined to ac-
cept a call extended him by the vestry
of Emmanuel Protestant Episcopal
Rev. John Long Jackson. recently re-
signed to become rector Of large church
in Charlotte, N. c. Rev. Mr.. Jackson
leaves early in Septeber to take up his
new work.
Preparations are being made by the
Baptsts of Front Royal and other towns
of Warren county to entertain the minis
ters and other delegates who will at
tend the annual meeting Of the Shenan-
doah Baptist Association, which will be
held in Front Royal August % to %.
Washington Man Weds.
Louis Jordan, formerly Of Staunton.
but now of Washington, and Miss Eva
Catherine Livers, daughter of John A.
Iivers of Grottoes, Va, were married 4
few days ago at the parsonage Of st.
Francis Roman Catholic Church in Staun-
ton by the pastor. Father Grove. but 4
day later than they expected. They went
to Staunton confident of obtaining a
marriage license. but when the bride said
she lived just across the line in Rock
ingham county. the court clerk said a
license would have to be procured from
the clerk Of that county. The young
couple complied with the provisions OF
the law, and bright and early the follow
ing morning Father Grove. was aroused
and asked to tie the knot so that the
bride and groom could catch the 8 o'clock
train for Atlantic City. The happy couple
boarded the train just as it was about to
leave Mr.. and Mrs. Jordan will live In
Washington.
The town council of Berryville. Clarke
county, this week ordered the police to
warn motorists not to exceed eight miles
per hour within the corporate limits.
There has been too much reckless motor
Evening star., 1914-08-09


Nofionol ponks other eligible
Must Join System. trust company
in the District of Columbia may SIGNIFY
in writing its acceptance OF the provl-
sions of the new law within sixty days
after its passage. The act was signed
by President Wilson on December 70.
1918 The national banks are specih-
cally required to enter the system
within one year or forfeit their federal
charters. Thus. by December %, lsl4'
every one of the more than '.ooo ma
tional banks must have entered the
system. or have become state institu-
ton, or have withdrawn from the
banking business. The entry OF all
state banks is allowed, but is not made
compulsory.
of compelling the national banks to
Join was raised. and thereupon the 1ol-
lowing provision was inserted In the
act:
ANY noncompliance with or viola
lation of this act shall, however, be
determined and adjudged by any court
of the United States of competent Jurls-
diction in a suit brought for that pur-
pose in the district or territory in
which such bank is located. under the
direction of the federal reserve board.
by the controller of the currency in
his own name before the association
shall be declared dissolved"
Each bank upon joining the sys-
tenn must subscribe for capital stock
in Its reserve bank to an amount equal
to per cent of its own capital and
surplus One-half of this subscrip-
tion must be paid within six months
of the call Of the organization commit
tee or of the federal reserve board.
while the other one-half is to remain
subject to call. No federal reserve
bank may commence business with a
subscribed capital of less than $4,000
600. This subscription Of the banks
of the country to the capital stock
of regional banks is but part of the
machinery provided by the act for the
relocation of the nations reserves.
Evening star., 1914-08-09
The chain OF great regional banks
serving the different sections Of the
land will in the
Regional Banks future be the
to Form Reservoir. -, o.ptr,,

reservoir Of ready money. They
will be the guarantee of the country's
banking strength. and the distressed
bank, or the bank in need Of cash to
satisfy the demands of it's customers,
will turn to them for assistance in
stead Of, as heretofore. to New York
or to Chicago and ST. Louis. Disturb
ances in New York, or the inability
of New York banks to aid their cor
respondent banks scattered over the
length and breadth of the land in times
Of strain. should no longer bring about
the disaster of national panic. The
powerful reserve banks are to be-so
to speak-the shock absorbers.
To be equal to this function. the reserve
banks must be strong. The cash reserves
Of the country must be largely carried In
their vaults. Therefore, in. addition to the
subscriptions of member banks of 6 per
cent of their capital and surplus to the re-
serve institutions, the act provides for a
member banks against their deposits in
such manner that these reserves will in
great part be carried In the vaults OF the
federal reserve banks.
II will be remembered that our de-
centralized reserves have long been con-
sidered. one of the prime defects of our
ba mixing system. 1t was this splitting up
of the nations stores OF cash among the
rlts OF some $4,000 banks which has
made our banks SO weak in times OF
strain.
Evening star., 1914-08-09
BATTLE At MEXICO CITY
NOT YET DECIDED UPON
President Carbajal's Secretary Issues
Statement on Possible Resist
ance of Carranza.

MEXICO CITY, August S.-After cab
met meeting tonight Senior Santibanez.
private secretary to President Carbajal.
announced to the press that the Carbajal
government had not yet decided to resist
the CarranZa invasion by force of arms.
This is official he added. The secre-
tary said that the cabinet was in full
accord with the president and that what
ever step was taken the inhabitants of
the capital would be assured protection.
Despite this statement. preparations for
a military defense continue on a large
scale. The war department decided to-
day upon the formation of two addi-
tional army divisions and in the event of
an attack Gen. Jose Velasco will super
sede Gen. Medina Barron as supreme
commander. Tonight and tomorrow 10000
additional troops will reach the capital
in obedience to the general concentration
plan.
Evening star., 1914-08-09
Newspapers SUPPRESSED.

The government today suppressed FL
Radical Los Successes and La Lbertad.
opposition papers. Secretary Santibanez
said that for the present the government
did not contemplate declaring martial
law. The city is absolutely quiet.
Toluca, thirty-six miles southwest Of
Mexico City. today fell into the hands Of
constitutionalists under Gen. Sosa. The
federals under command of Gen. Beltran
evacuated the city and are en- route to
Mexico City. All communication with
roluca was cut early in the day by the
constitutionalists. 1t is reported that con-
stitutionalists have demanded the sur
render of the town of Orizaba, but this
lacks official confirmation.
Evening star., 1914-08-09

President Wilson has had occasion to
refer to the psychology of business de-
Evening star., 1914-08-09

There al, a number of reasons that
The Holly chieftain., 1914-09-11
LOST
LOST
Bunch of keys. Liberal reward
for return to the Chieftain.

Bunch of keys. Liberal reward
for return to the Chieftain.
A divorce was granted last week
to Flossie Foster from AL Foster,
at Lamar.
Fl. P. Syp. county clerk, was
business visitor here for several
days early this week.
Remember, John Schlager sells
the best wagons and buggies made
and has large stock on hand to
choose from.
Mrs. Ed Haberstroh has return
ed from Denver, where she was
visiting with her daughter, Mrs.
Garrison, for the past few weeks.
Frank Butler left "Wednesday
morning for Pueblo, Colorado
Springs and other points, expect
ing to take needed rest tor few
days.
Mrs. Brady and Mrs. Cox have
returned from "a six weeks visit in
the hills near Colorado Springs,
and are again at the L, M. Appel
home.
DR.. j. H. Cover of Denver, who
is we'll known in this district, he
having presented many musical
programs here, has been called to
England to 60 to war, he being a
Captain in the reserves of that
country. He expects leave at once,
The Holly chieftain., 1914-09-11

Good brood sows for sale. Soon
to farrow. U. S. Akers, Holly, Colo.
l can loan you money at straight
3 per cent. Come in and let me
explain the proposition to you,
l j. P. Linville.
Earl Ross and Cecil Rich were
Chieftain visitors Monday from
Syracuse. Come again, gentlemen,
the latch string is always on the
outside
John Schlager was called to
Cleveland, O., Tuesday evening, he
receiving message that his father
was dangerously i'll. We hope for
better news shortly.
J. P. Havlick is spending a
coupls of weeks in Denver visiting
with his family, and Incidentally
taking the first vacation that he
has had for several years.
Miss Evelyn Haberstroh. left
Tuesday evening for Chicago,
where she will visit for some weeks
with her brother. She will also
visit in several other towns where
she has relatives.
L. n. Zalinger chaperoned Capt
7. W. Gee through the Valley the
past week, arriving here via the
air line last Sunday. Both are en-.
thusiastic over the bountiful crops
of the Holly country, which looks
better to them than anything they
have seen in a three. day trip.
The Holly chieftain., 1914-09-11
SUBSCRIPTION RATES.

For years has been the for people purchasing any class
goods tor they realizing that the merchant have
the cash continue business At least this has prevailed
all classes busnessexcep 1t belief that
the business that needs cash. either for space
subscription 1t Put this the paper
to help I'LL when na but carefully worded advertise
You don't charge for that do you In the future the Chief
tain charges rates for all and kinds
in business Tor the money also.
Now that the get ready for the real election
But doesn't this "N"oeectons stunt make you tired?
Barney Napier had about much beating Tom Pater
Tom has of beating the Republican this FALL
Ed Heating took unfair advantage Mcdaniel he having the
pay his bills Ed should be ashamed Of himself
All the parties but the progesses had opportunity
candidates Tuesday They had to take what the bosses ordered
The slight the primaries proves what the Chean
primaries conducted in this state are
la fraud and failure
Perhaps he choice before the primaries but now
the choice OF the majority OF and such he entitled
your support Do not be quera line That is the policy
OF this paper--and we going clear through.
None will question that attempting settle the Colorado coal
strike President Wilson'S moved by spirit which feels but good
will towards both sides; but difficult problem for the
ground and familiar with the conditions which this settle
We who here who familiar with these conditions are
possible the dissolution of the Western Federation of Miners
until such time higher education will place these people upon plane
where will appeal to hemand the agtator will
This year many Of the farmers Of the Arkansas valley em.ed
Canada ongued from that country spending many days
here telling Of the advantages Of country For
months after reaching that Of these deded people
friends here subanaing his every and advising them
follow But have read letters from those parts lately? MOI
Why? Because they have nothing good you They know now
that they deceived They know the great Arkansas
valley has that section beat That the crops here practically any year
better than they need expect And mark pedico
who going 0 come back here day.
The Holly chieftain., 1914-09-11

Perhaps he your choice before the primaries but nov
the choice OF the majority your party and such he
your support Do not be quierfa in line That is the pc
Of this paper--and we're going clear through
The Holly chieftain., 1914-09-11

but the progressives had an oppor
They had to take just what the
The Holly chieftain., 1914-09-11

And Arkansas Valley Editorial Association.
The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1914-06-05
JENNINGS TALKS TO
CONV|CTS At PEN
TELLS INMATES OF PRISON TO
DEN AND THE WORLD.

McAlester, Okla, June Al J. Jen'
nings, former convict and candidate
for governor of oklahoma, described
the game of Beating Back" to con
yicts in the state prison Wednesday.
I'm fighting for something bigger
than the governorship of Oklahoma -
he said. "Tm fighting to give the man
who has slipped and fallen on life's
highway, a right to stand in society.
It's hard to make good with the smell
Of "A state penitentiary on your clothes.
know what it means to get snubbed
as an eX-convict.
But you fellows can help me in this
fight. You can play square with your
warden and you can play square with
the world. The last hope is not gone
even though you may be in for life
There will be a governor some time
who will give you a chance and if you
make good, it will make it just that
much easier for the men you leave
behind"
Jennings praised Warden Dicks
trusty system, but declared it could
be extended even further. Three
fourths of the men could be worked
on the road without guards, he said
"They say I'd throw open the prison
doors if | were elected governor" he
said ITS true, | would grant par
dons and paroles whenever l believed
them deserved, but I promise them
this, that for every petty thief set
free, there'll be one crooked politician
sent back to fill his place"
The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1914-06-05
WHEAT R|PEN|NG
...RECORD ACREAGE
HARVEST BEGINS SOON IN GAR.
Vim COUNTY. OTHER CROPS
DOING WELL.

Pauls Valley, Okla, June 4.-The
wheat crop acreage in this county
shows a fifty per cent increase over
that of last year and practically over
any other crop year in this section of
the country. The outlook is splendid,
the Washita valley wheat probably
will make thirty-five or forty bushels
to the acre and will be ready to cut
in about two weeks.
Oats also show an extra heavy acre
age, much larger than heretofore and
the indications are for a heavy yield
Part of the first cutting of alfalfa has
been lost on account of the rains. The
growth is very heavy.
Cotton is not doing as well as II
should on account of the wet, COO
weather, only about fifty per cent OF
it being up and practically none of il
has been chopped out. The wet
weather has interfered with the work
ing and planting of this crop. The
acreage is ten or fifteen per cent less
than last year.
Corn is doing well and the acreage
is about the same as last year
The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1914-06-05
KNIGHTS PYTH|AS
ELECT OFFICERS
SEMI ANNUAL ELECTION LAST
NIGHT. NEW SET OF OFFICERS
CHOSEN.

The regular semiannual election OF
officers Of Myrtle Lodge No. 1O7,
knights of Pythias, was held at the
castle hall last night with the follow
ing results. George Aldrige, c. c.,
S. H. Nichols, V. c.; +. J. Woodward,
Prelate Dee Elliot, NJ. W; w. r. Sal
isbury, X. K. K S; Frank Berryhill,
NJ. F.; o. w. DeVinney, NJ. E.; Stan
ley Hornbeck, NJ. A.; r. A. Lathrop,
/. G.; F.. r. Wymore, o. G.;
Myrtle lodge has made great prog
ress during the past year the mem
bership has grown until there are
nearly 200 members enrolled, nice
club room has been installed for the
members, with pool and billiard ta-
bles, reading room, etc, and is al
ways in use by the members of Myrtle
lodge, or visiting brethren. The new
officers are pledged to maintain the
pace set by the previous set led by F..
Bourland, and if they do, the lodge
will be in a very flourishing condition.
The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1914-06-05
CYCLONE DAMAGE
IN PENNSYLVANIA
TEN PERSONS INJURED AND
MUCH PROPERTY DESTROYED
TERRIFIC RAINFALL.

Somerset, Pa, June An an cleo
trical tornado that swept the Cassel-
man River Valley late this afternoon,
ten persons were injured one fatally,
houses rolled over and in the towns of
Ursina and Confluence, near here,
practically every structure was dam
aged.
Mrs. Henry Cameron, aged so, of
Cameron, caught in the path of flying
timbers, is expected to die.
As funnel-shaped black cloud tore
in a southeasterly. direction binding
flashes of lightning and sharp cracks
of thunder added to the terror in Ur-
sina and Confluence when houses be-
gan to cractle and smaller buildings
TUNED s0mmersauIts.
The tornado died away almost as
quickly as it came, leaving tons of
wreckage in its wake.
The downpour of rain following dur
ing 15-minute period of almost total
darkness was terrific, sending streams
out of their banks.
The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1914-06-05
LEDyARD IN TILT
WITH JOE FOLK
RAILROAD DIRECTOR CLASHEO
WITH ATTORNEY OVER SEVER
Al QUESTIONS.

Washington, d. c., June 5.-Lewis
Case Ledyard in the New Haven in
auiry today denied that the directors
were dummies or that Morgan or Meh
len dominated the board. Ledyard said
that he often opposed Morgan and
that the directors generally took part
in the proceedings.
John L. Billiards. profit in the Bos'
ton & Maine transaction, Ledyard
characterized as outrageous.
Ledyard refused to testify about one
entry in the New Haven minutes re
garding a Billiard transaction as being
false, but said that it did not repre-
sent what occurred.
The witness clashed with Attorney
Folk over certain questions, which he
insisted on answering in his own way,
Ledyard said he yielded to Morgan in
accepting certain dividends, but gave
it to charity. so Morgan had his own
way after all" Folk asked. He had
his and had mine" retorted the di-
rector.