davidaulloa/AmericanStories huggingface dataset:
The day book. [volume] (Chicago, Ill.) 1911-1917, 1914-06-20
lie MEXICAN SITUATION

niagara dis OHIsJ Jun6 ZOs-
Whether the Mexican mediation con-
ferences are to be closed without fur
Their negotiations may be definitely
known today. The report of Ambas-
sador Naon as to the result of his con-
ferences, with President Wilson, Sec
rotary Bryan and Luis Cabrera of the
constituencies junta in Washing
ton will tell the tale.
FL Paso, Tex, June 20.-General
Francisco Villa is believed to have
laid aside his differences with Cen
eral Venustiano CarranZa Temporal
lily, while he pushes his proposed cam
paign against the city of Zacatecas.
No further word regarding the Car
ranza-Villa controversy has reached
Juarez from the south today, aH.dis-
patches referring to the movement of
constitutionalist troops in the Zaca-
tecas territory.
Vera Cruz, June 2o.-To force
armed American Intervention in
Mexico by some overt act if media
ton fails was declared here today to
be Huerta's latest plan. 1t is be-
Heved he will have his troops near
Vera Cruz commit some breach of the
practical armistice, which he thinks
may force an American advance on
Mexico City and thus save his totter-
ing power from conquest by the con-
stitutionalists.
Further indication of the alleged
plan to force an American advance is
seen in the fact that for the first time
since the American occupation of
Vera Cruz, Huerta's soldiers at the
line are piIlaging the baggage of pas
sengers coming through from Mex
leo City to the coast.
Washington, June 20.-Minister
Naon, representing the A. B. c. me-
diators, held a conference with Presi-
dent Wilson and Sec'y Bryan yester-
day. Neither Mr. Naon nor those
with whom he conferred would COW
The Liberal democrat. [volume] (Liberal, Kan.) 1911-1924, 1914-01-02
HOW DISPUTED POINTS WERE ADJUSTED

following affecting points at difference between mo
senate and house werem in conferences
Comptroller currency secretary agriculture retained s
members o organization committee.
made exof1cio MEMBER Oh
retained and the term once n
Alaska fomp provisions Of
After federal reserve district national banking 1850
banks -,
individuals may purchase stock federal reserve bank
instead of 10000 a provided in house bill II,
shalt not be entitled to any Young
whatever.
be mot less than eight nor more
than twelve" provided by the senate ...ooooo
The regional banks nxed at s4ooo
No senator representative officer Of federal reserve
federal reserve board snail Do an
officer director empoye stakeholder Of any bank -
permitted to nominate one
A andon Glass B directors =.
cent Of capital and surplus OF
subscribing bank ILL.,,
Use Of federal of member banks
-,
AT least onehd of banks must be held
in the vaults OF local banks -, -.... Ao,h, .o
collections practically restored
be permitted to only actual expenses 49,, -
Retirement bonds aggregang $9OoOOOVuV ~
wears ovded for against $125OOOOO in senate bill
behind at 4O per CENT
ated ak against depletion .,oooo
Salary of members increased from $4,000 to
$4,000. 49, -, ,u.. I'D ,on
shall four six eight and ten
years inst to FIVE years
posorva hoard banks
officers and employees OF federal reserve
hrks shall he subject approval federal board
appointments to reserve poaro snail expire 0O uAS w ~
following session Of congress opens
shall be
m the basis the deposits against which reserves shall De
determined
The Liberal democrat. [volume] (Liberal, Kan.) 1911-1924, 1914-01-02

the country banks and vaults or In the
regional reserve bank.
Reserve city banks-Total reserve
required, Is per cent. of demand anu
5 per cent. Of time deposits. Six-nr
teenths must be kept in the banks
vaults for the first two years and hve-
fifteenths after that time. Three-nl-
teenths must be kept in the reglnal
reserve bank for the first year. In
creasing one-fifteenth every SIX
months thereafter until it reaches SIX
fifteenths. For three years the un-
allotted portion of the reserve may be
kent in other banks, in its own
vaults. or in the regional bank; AFTER
that time In one Of the latter two
places.
Regional Reserve Banks.
These immense funds OF reserves
from member banks" together Win
government moneys, will make up the
deposits of the regional reserve banks
Each of these banks will be admins
tered by 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 a discount
from its member banks-"prime COM
merclal 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 It's
member banks, with waiver OF de-
mand notice and protest by SUCH
banks, and federal (regionaD 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 ELASTIC" 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 o.
need, will come into use in the follow
ing way:
The notes will be printed by the gov
eminent, with a distinctive style fol
each regional reserve bank, One o
the three directors named by the fed
eral reserve board for each regiona
bank will be known as the federal re
serve agent" for that bank. and a SUP
The Liberal democrat. [volume] (Liberal, Kan.) 1911-1924, 1914-01-02

ply of the notes will be placed In his
custody.
Should a regional bank desire to
pay out more money than its cash re-
sources will permit, the law provides
that it may put some of it's rediscount-
ed commercial paper into the hands
of the federal reserve agent" and re-
ceived in return the new treasury
notes.
For each note that 1t puts out into
circulation, the regional reserve bank
must set aside in gold 40 per cent. of
the value of the note as guarantee
for its redemption. This gold, with
the commercial paper held by the
federal reserve agent" is the pro-
lection behind the 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 it has received, besides
the 40 per cent. gold reserve behind
the treasury notes it issues. If the
gold reserve behind the notes falls be-
low 40 per cent. heavy tax is i'm
posed on the bank, which in turn adds
the tax to the rate it 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 Bonds.
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 $685.
100000 a 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, ant
can remove directors of regional re
serve banks whenever It is believed
necessary.
Banks in Control.
While the banks retain control o.
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 NEE
in Washington to confer with the fed
eral reserve board ION general bust
ness conditions" and to make recon
mendatlons and suggestions concern
ing discount rates, note Issues, and re
serve conditions.
An important change In nationa
banking methods embraced in the ney
law will permit all national banks eI
cept those In New York, Chicago An
St. Louis to make direct loans on nv
year farm mortgages up to 20 per cent
Of their capital and surplus, or up t
one-third of their time deposits.
The Liberal democrat. [volume] (Liberal, Kan.) 1911-1924, 1914-01-02

Paroled from the county Jail in To
peka that she might cook her own
Christmas dinner at home, Ida Bryant,
a negro woman, found the body of a
white man in the cellar of her home
when she started to get some fire
wood The dead man was James
Roach, farm hand of Silver Lake,
Kan. Fordy Bryant, husband Of the
woman who discovered the body, was
arrested at Valley Falls, twenty miles
from Topeka.
Several residents of the Crestwood
section of Yonkers, N. Y, spent Christ
mas afternoon moving their lawns.
The protracted mild weather with the
recent rains had made the grass grow
so long that it badly needed cutting.
A Christmas tragedy at Hisaw, =
village near Stigler, Haskell county,
Oklahoma, cost the life of Benjamin
Hess, farmer. Joseph McCluskey is
charged with the murder. He escaped.
Rafael Adames, a Mexican, wGs
killed, and five policemen were in
jured in riot at Los Angeles, Cal,
when the police attempted to break up
a meeting of nearly 1000 unemployed
and hungry men.
Wabash train No. 9, known as THE
Flyer" composed of two mail cars, a
combination, two chair and three Pull
man cars, was derailed three and a
half miles west of Montgomery City,
Mo- More than a score Of passengers
were injured, some seriously, and that
there were no fatalities was due to-
the steel cars which withstood the
terrific shock which scattered them
over the right-of-way. The wreck was
caused by broken rail.
Two men were killed In rear end
collision between two freight trains.
on the Missouri, Kansas & Texas Rail-
way eight miles south of Erie, Kan.
| Representative of twenty counties
affected by the recent Texas floods at
a meeting in Houston estimated the
property loss at $1O,O00,o0O and the
total loss of life at 200 persons,
The Liberal democrat. [volume] (Liberal, Kan.) 1911-1924, 1914-01-02
This Ace Of Luxury.

One thousand dollars seems a good
deal to pay for doll. yet this sum has
been paid by city magnate for q 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 a marvel OF
workmanship.
The Liberal democrat. [volume] (Liberal, Kan.) 1911-1924, 1914-01-02
vanarIs, d III. Aunter,s LIfe.

A Maryland hunter shot at trolley
car, installing 1t for deer, but the
negligent correspondent did not ascer-
tain why he got his ammunition at a
corner drug store instead Of going to
the usual place.-Loulsville Courier
Journal.
The Liberal democrat. [volume] (Liberal, Kan.) 1911-1924, 1914-01-02
FuIhIled Youthful Promise.

The most compelling of prodigies
has unQuestionably been the infant
pianistic genius. Mozart, Liszt and
Chopin we're marvellous exponents at
the age Of ten years.
The Liberal democrat. [volume] (Liberal, Kan.) 1911-1924, 1914-01-02
one Fault Hs Noticed.

The young men who compose this
quartet seem to be agreeable fello~s.'
Quite so. The only fault have to
find with them is that they disagree 80
Interestingly when they try to sing.
Birmingham Age-Herald.
The Liberal democrat. [volume] (Liberal, Kan.) 1911-1924, 1914-01-02
should Be MADE to pIvuIQe seeret

Scarcely 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, week, brought up fam
fly of ten children, all of whom are
living.
The Liberal democrat. [volume] (Liberal, Kan.) 1911-1924, 1914-01-02
I..ohllka. h othsr Words.

The kiss was so long as the whole
life of many creatures that live on
earth.-From THE Joy OF Youth" by
Eden Pholpotta.
The Liberal democrat. [volume] (Liberal, Kan.) 1911-1924, 1914-01-02

Furniture Factories Kept Busy.
The homes Of this country require
about s2ss, 1881, 900 worth of furniture
each year
The Liberal democrat. [volume] (Liberal, Kan.) 1911-1924, 1914-01-02
Domestic Items.


Seventy-four persons, mostly chill
dren, were killed at copper mine
strikers Christmas celebration in an
Italian hall at Calumet, Mich, because
of needless panic caused by false
alarm of fire. The death list may
grow. While several hundred miners
and their wives looked on, scores OF
children pressed eagerly towards the
stage to receive Christmas presents,
a man thrust his head in at the door
of the hall and yelled, "Fire!" The
cry of alarm was at once taken up by
those in the hall. Everyone started
for the doors.
Rose Rogow, IL years DID, and Ber-
tina Supez, IA years old, were asphyxi-
ated in Pittsburgh, Pa, by fumes from
a gas stove in the home of Isaac Ro-
gov, a brother of one of the victims.
Certified copies of all records of
the Matteawan insane hospital relat-
ing to Harry K. Thaw since his COM
mitment to that institution have been
requested by the federal court OF
William T. Jerome, special deputy at
torney general of New York, in the
legal battle to have Thaw returned to
the New York jurisdiction.
The Yates Center (Kan.) National
Bank, which was closed the other day,
is short $175,00O. Its president, G. G.
Kicker, for whom warrant was is
sued, is missing and it's affairs are in
a most complicated condition. The
most optimistic of the banks depos-
itors see no more than 20 per cent in
liquidation.
Scores of little children of Syracuse,
N. Y, were robbed of their Christmas
presents when burglars broke into the
South Presbyterian Church and
stripped big Christmas tree of its
burden Of toys and candies.
A cargo of seventeen hundred tons
of Argentine beef arrived at New York
recently, making the largest single
shipment yet attempted.
What is believed to have been a de-
| liberate attempt to assassinate the
Rev. DR.. P. E. Mcclure, pastor of the
Blairsvile, Pa, United Presbyterian
Church and president of the Indiana
County Anti-Saloon League, failed
when a bullet fired at the minister
penetrated Bible which he carried
under his arm, and made slight
abrasion on his left side.
Tying wet handkerchiefs over their
faces, fifty girl operators in the Har
rison telephone exchange in Chicago
stuck to their posts and answered
calls while firemen fought a danger
Gus blaze on the ground floor.
|
According to compilation just
completed by Warwick James Price
the charitable gifts in the United
States during the last twelve months
amount to $80,135, 476.30, or at thC
rate of 1921 for every tick of the
clock.
A criminal warrant charging EN-
bezzlement has been issued at Joliet
ILL.,, for John |. Evarts of Plainfield
owner of the Plainfield Bank which
closed week ago. Evarts has no
been seen in Plainfield since the banl
closed.
The buffalo herd on the 101 rancl
was depleted when one of the youn
steers was slaughtered to suppl
roasts for Christmas dinners to Ponc
City. Okla, consumers and friends Il
other sections Of the country wher
choice pieces were sent
The Liberal democrat. [volume] (Liberal, Kan.) 1911-1924, 1914-01-02
NEWS Of THE WEEK
DOINGS OF SEVEN DAYS
Interesting Items Gathered From All
Parts OF the World CONDENSED
into Small Space for the Ben.
eft Of Our Readers.
Washington.

President Wilson signed the Glass
Owen Currency bill at 6:01 o'clock at.
night in the presence of members OF
his cabinet, the congressional COM
mlttees on banking and currency and
Democratic leaders in congress gem
orally.
President Wilson, with Mrs. Wilson,
their two daughters, Misses Margaret
and Eleanor, Miss Helen Woodrow
Bones and Doctor Cary Grayson.
naval aid, have left Washington for
Pass Christian, Miss, to spend Christ
mas.
An all day conference of the joint
congressional committee on the Cur
rency bill pushed that measure very
close to perfection. Problems involV-
ing the reserve provision, the size and
character of the federal reserve board,
the redemption of per cent govern
ment bonds, and the retirement OF the
present national bank currency,
| proved troublesome, but the conferees
finally smoothed out most of the Is
sues between house and senate.
s.."..+
Government ownership Of telephone
and telegraph wires is sought in a
resolution introduced in the house by
Representative Lewis Of Maryland
Mr.. Lewis action was surprise
coming as it did on the heels of the
voluntary dissolution of the telephone
and telegraph trust developed by the
American Telephone and Telegraph
| Company.
The Liberal democrat. [volume] (Liberal, Kan.) 1911-1924, 1914-01-02
Personal.

Speaker Clark has left for New
York and New England for weeks.
lecture tour in the recess of the
House. 1t is the first time the speaker
has left Washington 20 lecture in the
last two sessions.
Mrs. Adlai E. Stevenson, wife OF
former Vice-President Stevenson, is.
dead at her home in Bloomington, Ill
She had been ill@S1or several months
Mrs. Stevenson was 70 years old.
Congressman l. s. Pepper Of the
Second Iowa District is dead at Clin-
ton, la. He recently suffered re-
lapse while convalescing from an at
tack of typhoid fever.
Mrs. Christina Rasmussen OF Chi
cago hurried downtown to buy star
to top a Christmas tree for her chill
dren. On the way home she slipped
on the stairs of an elevated railway
station, fractured her skull and died.
The death at Clinton, Ia, of Con-
gresham L. S. Pepper of Iowa ends
pa.hetically a romance in which he
Inquired with Miss Genevieve Clark,
daughter of the Speaker of the House
OF Representatives According to the
gossip in congressional circles, Miss
Clark and Mr.. Pepper, if not actually
engaged, had an understanding Miss
Clark was Frustrated when informed
Cf the news of Mr.. Peppers death and
the entire family was in tears.
Thomas Cruise, banker, gave as a
Christmas present to Bishop Carroll
100000 with which to complete the
Catholic cathedral in Helena, Mont.
,Iudson c. Clements OF Georgia has
been reappointed by President Wilson
a member of the Interstate Commerce
Commission, and his nomination was
hurried to the senate.
Nineteen fishermen have been
drowned off Thorshavn, Farce Islands,
in hurricane which wrecked many
small craft.
Judge Benjamin B. Lindsey, founder
of the juvenile court at Denver, and
Miss Henrietta Brevoort, stepdaugh-
ter of DIR. F. ]. Clippert Of Detroit,
i we're married in Chicago recently.
Albert G. Farr, vice president Of the
Harris Trust and Savings Bank, died
suddenly at his home in Chicago. He
was 81 years ola.
The Liberal democrat. [volume] (Liberal, Kan.) 1911-1924, 1914-01-02
Foreign Affairs.

The explosion OF fireworks factory
at Tore Annunziata, in the province
of Naples, Italy, resulted in the death
of many persons. The buildings col
lapsed, burying the victims in the
wreckage.
La Nacion, the daily newspaper pub
lished at the City of Mexico in the
interests of the Catholic party, has
suspended publication at the sugges-
ton of the Mexican government.
The Bank of London and Mexico
Of the City of Mexico has closed it's
doors. The bank was unable to Sc
cure currency with which to pay de-
positors and therefore was forced to,
suspend.
The arsenal at Toxic, Japan, is
manufacturing a quantity of arms or
dered by the Mexican government,
which, it is expected, will be shipped
at an early date. Japanese officials.
explain that this is merely matter
of business and is not indicative Of
any unfriendliness to the United
States.
The Liberal democrat. [volume] (Liberal, Kan.) 1911-1924, 1914-01-02
Cancers Annual Toll.

Cancer yearly kills $4,000 persons
in the United States.
The Liberal democrat. [volume] (Liberal, Kan.) 1911-1924, 1914-01-02

The buffalo herd on the 101 ranch
was depleted when one of the young
steers was slaughtered to supply
roasts for Christmas dinners to Ponca
City, Okla, consumers and friends in
other sections Of the country where
choice pieces were sent
The Liberal democrat. [volume] (Liberal, Kan.) 1911-1924, 1914-01-02

Speaker Clark has left for New
York and New England for a weeks.
lecture tour in the recess of the
House. 1t is the first time the speaker
has left Washington 10 lecture in the
last two sessions.
The Liberal democrat. [volume] (Liberal, Kan.) 1911-1924, 1914-01-02

A criminal warrant charging en-
bezzlement has been issued at Joliet,
ILL.,, for John l, Evarts of Plainfield,
owner of the Plainfield Bank which
closed week ago. Evarts has not
been seen in Plainfield since the bank
closed.
The Liberal democrat. [volume] (Liberal, Kan.) 1911-1924, 1914-01-02

Judge Benjamin B. Lindsey, founder
of the juvenile court at Denver, and
Miss Henrietta Breyoort, stepdaugh-
ter of DR.. F. ]. Clippert Of Detroit,
we're married in Chicago recently.
The Liberal democrat. [volume] (Liberal, Kan.) 1911-1924, 1914-01-02

A Christmas tragedy at Hisaw, =
village near Stigler, Haskell county,
Oklahoma, cost the life of Benjamin
Hess, farmer. Joseph McCluskey is
charged with the murder. He escaped.
The Liberal democrat. [volume] (Liberal, Kan.) 1911-1924, 1914-01-02

Mrs. Adlai E. Stevenson, wife of
former Vice-President Stevenson, is.
dead at her home in Bloomington, Ill
She had been ill~for several months
Mrs. Stevenson was 70 years old.
The Liberal democrat. [volume] (Liberal, Kan.) 1911-1924, 1914-01-02

A new form of paper currency is
also provided for, to come out in case
of emergency, and which is expected
to go back into the hands Of the gov
eminent when times are normal.
These treasury notes" will be printed
by the government and issued through
each regional reserve bank, and will
The Liberal democrat. [volume] (Liberal, Kan.) 1911-1924, 1914-01-02

Nineteen fishermen have been
drowned off Thorshavn, Farce Islands,
in a hurricane which wrecked many
small craft.
The Liberal democrat. [volume] (Liberal, Kan.) 1911-1924, 1914-01-02

According to a compilation just
completed by Warwick James Price,
the charitable gifts in the United
States during the last twelve months
amount to $SO,135, 1850, or at the
rate of 1921 for every tick of the
clock.
The Liberal democrat. [volume] (Liberal, Kan.) 1911-1924, 1914-01-02

Albert G. Farr, vice president Of the
Harris Trust and Savings Bank, died
suddenly at his home in Chicago. He
was 81 years ola.