davidaulloa/AmericanStories huggingface dataset:
The Miller press. [volume] (Miller, S.D.) 190?-current, 1914-01-01

the country banks and vaults or in the
| regional reserve bank.
Reserve city banks-Total reserve
required. Is per cent. of demand and
s per cent. of time deposits. Six-nf-
| teenths must be kept in the bank $
vaults for the first two years and V
! ~flfteenths after hat time. Utrecht
teenths must be kept in the reglnai
reserve bank for the first year, in
creasing one-fifteenth every six
months thereafter until it reaches SIX
%ffteenths. For three years the un'
allotted portion Of the reserve may be
kept in other banks, in It's W
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 with
government moneys, will make up the
deposits of the regional reserve banks.
Each of these banks will be admins
tered by a 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 it's 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 (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, 90 bills covering merely invest
ments or issued or drawn for the
purpose of carrying OF 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 of
need, will come into use In the follow
ing way:
The Eotes will be printed by the gov.
eminent, 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 a sup
The Miller press. [volume] (Miller, S.D.) 190?-current, 1914-01-01

ply OF the notes Will be placed In his
custody.
Should a regional bank desire to
pay out more money than it's 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 re-
ceiyed 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 a guarantee
for it's 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 80 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. a heavy tax is i'm.
posed on the bank, which in urn adds
the tax to the rate it charges member
banks for r~ediscount5. 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 $751;.
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 yer the entire op
Grafton of the system. II al comDei
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.
Rapke In ConfroI
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 Miller press. [volume] (Miller, S.D.) 190?-current, 1914-01-01
vaaaries Of the Hunters Life.

A Maryland hunter shot at a trolley
car. mistaking 1t for a 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 p:ace.-Louisville Courier
Journal.
The Miller press. [volume] (Miller, S.D.) 190?-current, 1914-01-01
This Age Of Luxury.

One thousand dollars seems a good
deal to pay for a doll, yet this sum has
been paid by a city magnate for a doll
to present to his little daughter. The
doll in question had a complete trous-
seau, containing dozens of miniature
fashionable costumes. complete in
every detail, and was q marvel Of
workmanship.
The Miller press. [volume] (Miller, S.D.) 190?-current, 1914-01-01
Ono Fault He Noticed.

THE young men who compose this
quartet seem to be agreeable fellows"
Quite SO. The only fault I have to
find with them is that they disagree sc
distressingly when they try to sing
Birmingham Age-Herald.
The Miller press. [volume] (Miller, S.D.) 190?-current, 1914-01-01
Eulhned Youthful promise

The most compelling of prodigics
has unquestionably been the infant
pianistic genius. Mozart, Liszt ano
Chopin we're marvellous opponents at
the age of ten years4
The Miller press. [volume] (Miller, S.D.) 190?-current, 1914-01-01
Retort Courteous

Heidi you see where come women
in New York. whose husbands object
ed to a boycott on eggs. gave the poor
fellows overripe hen fruit?
She-Yes. but likely they didn't NO
tice the difference. for 20 many of thu
husbands are bad eggs themselves.
The Miller press. [volume] (Miller, S.D.) 190?-current, 1914-01-01
shouid Be Made to DivuIse Secret

Scarcely a living wage, but 1T was
.snough for Mr.. and Mrs. John Pitt. OF
Trunch, Norfolk, England, who have
fust celebrated their golden wedding.
They nave, on wages varying from
$3.50, 20 "a. q week, brought up a fam
ny OF ten children, all of whom are
living.
The Miller press. [volume] (Miller, S.D.) 190?-current, 1914-01-01

Fyrniture Factories Kept Busy.
Tho homes of this country require
about 1898, 1877. 900 worth of furniture
each year.
The Miller press. [volume] (Miller, S.D.) 190?-current, 1914-01-01
LeecLuke. In Other Words

The kiss was SO long as the whole
lifo of many creatures that live on
e~arth.-From "The Joy of Youth" by
Eden P~.iolpotts.
The Miller press. [volume] (Miller, S.D.) 190?-current, 1914-01-01
CURRENCY BILL
BECOMES A LAW
Most Far-Reaching Measure Re.
lating to Finance Enacted
in Many Years.
SALIENT POINTS REVIEWED

Essentials Of New Law summarized
In NontechenicaI Language
Makes Little Change In oper-
alton Of Present National
eanks-ResionaI Ee-
serve Banks Pro-
vided For.
The Miller press. [volume] (Miller, S.D.) 190?-current, 1914-01-01
cancer,a Annual IoII

Cancer yearly kills $4,000 persons
In the United States.
The Miller press. [volume] (Miller, S.D.) 190?-current, 1914-01-01
New Paper Currency.

A new form of paper currency Is
also provided for, to come out In case
OF emergency. and which is expected
10 go back into the hands of the gov
.erument when times are normal.
These treasury notes" will be printed
by the government and issued through
each regional reserve bank, and will
The Columbia herald. [volume] (Columbia, Tenn.) 18??-1935, 1914-05-08

lings and two year olds, that no is
having Pete, his colored trainer, to
handle. They are dandies and one
of them, yearling by Pilatus End, is
sure to step fast If she trains on well.
She Is a beautiful little thing and
steps out on the track with all the
manners and speed of a seasoned
campaigner. A good many of the
older ones might well take a lesson
from her in department.
Mr.. Harrison has some eight or
nine in his stable. Two or three of
them are royal looking prospects,
which he thinks are going to step
fast before the season is over. He
particularly likes brown filly OF
Elem Sheegog's, Louise Hal, daugh-
ter of John R. Gentry and old Sally
Hal, the dam of Correctly, 2:11. He
has had some difficulty in getting her
to pace, but after he put the straps
on her the other day, she settled
down to business and went to pacing
like she were a 2:10 performer this
year. She Is of fine size, color, shape
and manners, and looks to have all
the ear marks of a good one. Mr.
Harrison is also working Willie Caffey
another daughter Of John r. Gentry
She has a mark of 2:19H, with a
trial of 2:13 on two lap track, last
half in 1904. She ought to race well
this year.. There are couple Of two
year olds by Mokoline that look pref
ty good. One Of them Is owned by
James English, of Mt. Pleasant. w
H. Jones is having Mr.. Harrison work
Lady Cochran, four year old daugh
ter of Beauseant, and Boiseau, SOL
of Fred s. Wilkes. Mr.. Wilson. oil
Florida, has placed in Mr.. Harrison's
hands for a time the Brown Hal
mare, Duchess Hal, which has beer
timed mile in 2:15 on half mile
track.
The track is better than 1t has beer
in several years. 1t is now in fine
condition, and with the coming Of
the warm days, some fast quarters
and halves are to be seen on the
workout days. 1t is worth the while
of any one to drive out for an hour
and see the horses at their work.
The Columbia herald. [volume] (Columbia, Tenn.) 18??-1935, 1914-05-08
a-a-
DOUBT LEGALITY
OF REGISTRATION
MT. PLEASANT VOTERS DON'T
LIKE THAT HELD UNDER CON-
PROMISE AGREEMENT.

Mt. Pleasant voters are skeptical
of the legality Of the registration
conducted under the compromise be-
tween the Ramon and Thomas cleo
ton boards last summer. 1t will be
recalled that at the time Of the gen.
eral registration was held in the
county in August, 1913, the question
of which was the legal election board
for the county was pending in the SUI
istration might be held without any
confusion compromise was made
between the Kannon and Thomas
boards by which a joint registration
was held. Subsequently under de-
cision of the supreme court the Kan
non board was recognized. Now,
strange to relate, many Of the folks
down at Mt. Pleasant, where they
are in the throes of a red hot munich
pal campaign, hold that this was not
legal. And for that reason every one
In the city is trying to get new ccr-
tificate with the result that the regis
trars are working over time and cali
ing for new blank certificates. Cen
orally there is light registration
during the three days supplemental
registration preceding the election,
but that will not be the case az Mt.
Pleasant this year.
The Columbia herald. [volume] (Columbia, Tenn.) 18??-1935, 1914-05-08
SELL NICE.FILLY
TO LOUISIANA
CHAFFIN BROS. HAVE DISPOSED
OF BELL BOYD At HAND.
SOME FIGURE.

Chafin Bros. have recently sold a
three year old filly, Bell Boyd, a
daughter of The Spy and Clara, by
Bay Tom, to w. P. Dinkins, OF Frank
lin, La. They received nice figure
for her. She will remain here for a
few days longer to be mated with
Walter Direct. The filly was chris
tened by "Marse" Nick Akin in honor
of Bell Boyd, the rebel spy.
May Kirby, a good daughter OF
Will Direct, has dropped for them a
fine black horse colt by Walter III
rect
The Columbia herald. [volume] (Columbia, Tenn.) 18??-1935, 1914-05-08
ONE FARMS EGG
SALES IN MONTH
SURPLUS OF THREE HUNDRED
DOZEN GO TO MARKET DUR.
ING APRIL.

Again illustrating the profits from
poultry there were sold from Sleepy
Hollow Farm at Culleoka during the
month Of April 300 dozen eggs. This
simply represents the surplus eggs
from the farm for in addition during
the month many hens were set and
the usual number used for the table.
uIhe average price received during
the month was fourteen cents per
dozen, making the total for surplus
eggs from one farm, where poultry is
as on practically all farms, merely a
side line, about $42.
The Columbia herald. [volume] (Columbia, Tenn.) 18??-1935, 1914-05-08
SOUTH SIDE TRACK
ONCE AGAIN SCENE
OF RACING HORSES
HARRISON AND TOLLEY STABLES
HAVE SEVERAL GOOD PROS
PECTS IN THEM.
GROUNDS PICTURE RARE BEAUTY
Harrison Has About Eight or Nine
Head In His String-TolIey Only
Working Some Young Colt Trotters.
Worth Visit to Historic Old Track.

A short trip out to old South Side
Park the other afternoon revived
somewhat the memory of the times,
the scenes, the races, and the crowds
that once gathered there by the
thousand to see the annual fair.
What a pity that these fairs cannot
be revived, that there cannot be seen
on exhibition each year all the varied
resources of live stock, crops, and
the myriad sources of wealth that a
great county like Maury has so abun-
dainty!
The old park, dilapidated in many
respects as it is now, was scene OF
rare beauty in the evening sun.
About the paddocks and the infield
there was a verdure of soft blue
grass, clover, and orchard grass six
inches high, waving in the light
breeze that swept over it. About
the low lying hills to the east and to
the south was a soft haze that wrap
ped them in its folds and gave them a
beauty that a prosaic typewriter fails
to record or describe, beauty, a
splendor that is felt rather than told
About the track were the stalls, in
many of which were stabbed some OF
the finest equines of the land, carry
| ing in their veins the blood Of cham
pions on tracks the nation over, the
blood of the Halls, the Directs, OF
John R. Gentry, Fred s. Wilkes, and
others whose names are known to ev
cry lover of good horse flesh.. Their
work over for the day, the colts al
rubbed down and bandaged, the ne
gro swipes were having a ball game
In the shadow of the barns. For a
time it seemed that the old track was
again the bee hive that it once was
at this season Of the year.
There are two stables quartered al
the track now. They are those OF
VIM. Harrison and w. M. Tolley
The latter has, in addition to his two
superb stations, Directs Star and Pi
! latus End, several young colts. year
The Columbia herald. [volume] (Columbia, Tenn.) 18??-1935, 1914-05-08
GAMBLE GETS CAR
LOAD OF NETS
AMONG THE NUMBER Is A SEW
ENTY-FIVE HORSE POWER
MACHINE.

G. M. Gamble has received car
load of Metz cars. In the shipment
is one Metz Speedster with seventy.
five horse power engine. 1t is trim.
clean, smooth running machine. The
other machines are roadsters and one
in the lot is equipped with a. COM
plete electric lighting and starting
outfit. The shipment arrived Monday
and is at the garage Of F. R. Gamble
& Co. ,t
The Columbia herald. [volume] (Columbia, Tenn.) 18??-1935, 1914-05-08
HOG CHOLERA SERUM
STATION A BOON
N. MERoNEY WRITES ABOUT
BENEFITS TO BE DERIVED
FROM IT,


The United States department of
agriculture, in its efforts to help the
farmers, has decided to, demonstrate
for one year the good Of the lately
discovered hog cholera serum in thir-
teen of the principal swine growing
states. Tennessee is the only south
ern state that will come into the
list A large sum Of money has
been set apart for that purpose and
one county in each of thirteen
states will be given the demonstra-
ton free for one year under certain
restrictions. There is flattering
prospect Of Maury county being the
fortunate county in Tennessee. Other
counties want the demonstration
and have promised to comply with
the government conditions, but
Maury county has two facts that
stand in her favor both with the U.
s. and the State Departments of
Agriculture, first Maury' county has
very important swine growing in.
dustry that Is severely handicapped
by that dread disease of hog chol.
era and needs help and encourag-
mnt and second the discussion OF
the Anti-Hog Cholera Serum is DIR.
Dorset, a native Of Maury county
and 1t is due him as an honor from
the government to favor his native
county, and Maury county people are
interested enough to fully meet the
very reasonable requirments of the
government so there is a strong
probability Of this important advant
age being secured by our county
1t is hard to estimate the damage
done to people of our county by the
ravages OF this dread diesase, and II
our farms could be freed and safe
from this fearful loss, there would be
many thousands Of dollars added to
the wealth of the county every year
This Anti-Hog Cholera Serum is
not cure for cholera blu. a proven
tive. Soloman the wise man Of old
gave us in the bible many wise and
useful proverbs, but it Remained
for some later wise man to say that
IAN ounce of prevention is worth a
pound of cure" Scientists for many
years have worked Intellectually to
discover cure for hog cholera but
DR.. Dorset tried along the line OF
prevention and has made a success
of it, and like Jemurs discovery e1
the vaccination for small pox robbed
that disease of its terrors. So will
this discovery of DR.. Dorsets effect
hog cholera.
This is now no longer an expert
ment but well settled fact, that hos
cholera can be presented by this
systm Of vaccination, if used in the
proper way, and with fresh vita
serum, properly administered, and
that will be the object of this gov
eminent demonstration, to learn thu
farmers its value to them, we lool
for much good to come from it t
our people. J. N. MERONEY.
The Columbia herald. [volume] (Columbia, Tenn.) 18??-1935, 1914-05-08
MARKET OPENS ON
SPRING CHICKENS

Spring chickens, not the kind that
are seen on the front pages of Life,
Judge, Puck, and the other humorous
periodicals, are now on the market.
They are a pretty precious article OF
food, too, as they are worth about
twenty-seven and one half cents per
pound There is very consfdera-
Bile quantity Of them coming to mar
ket at these figures.
The Columbia herald. [volume] (Columbia, Tenn.) 18??-1935, 1914-05-08
SELL STOCK AT
PUBLIC AUCTION

Owing to the fact that he has been
transferred to the Pacific coast, ne
cessitating his removal from Column
bia, John T. Mitchell, through the
real estate agency of T. N. Figuers,
Jr., will sell at public auction at his
home on the Hampshire pike, next
Friday all of his household and kitch.
en- furniture and several head of live
stock and dairy fixtures. The sale
will be auctioned by R. F. Moore.
The Columbia herald. [volume] (Columbia, Tenn.) 18??-1935, 1914-05-08
DROPS FINE COLT
BY CORRECTLY

Uncle Billy" Witherspoon, the ge-
MAI assistant circuit court clerk, is
the proud owner of fine horse colt,
cropped Monday, by Correctly 2:11.
us dam is his very fine saddle mare.
Inc colt is said to be an unusually
me one, and with such a heritage of
oIood and qualities ought to bring a
fancy price as two or three year
old.
The Columbia herald. [volume] (Columbia, Tenn.) 18??-1935, 1914-05-08
The Herald is authorized to an.

The Herald is authorized to an
nouncs
John p. Cheek
a candidate for. Sheriff Of Maury coun-
ty. Election Thursday, August 6,
1914.
The Herald is authorized to an
nouncs
J. w. Griffin
a candidate for Sheriff Of Maury
county. Election August 6, 1914.
The Herald is authorized to an
nounce
William 3. Whitaker.
candidate for Sheriff of Maury conn
ty. Election, Thursday. August 6,
1914.
The Herald is authorized to an
nounca
w. ]. Goad
a candidate for Sheriff of Maury coun-
ty. Election Thursday, August 6,
1914. wkly
| REGISTER.
The Herald is authorized to an
nounce
! J. J. ("Jim Buck" Pogue
candidate for Register of Maury
county. Election Thursday, August
6, 1914.
The Herald is authorized to an
nounce
Sam J. Taylor
candidate for reelection as register
Of Maury county. Election Thursday,
August 6, 1914.
! FOR CONSTABLE.
The Herald is authorized to an
nounce
w. 8. lentz
a candidate for Constable 9Th Dis
riot of Maury county. Election,
Thursday. August 6, 1914.
The Herald Is authorized to an
nounce
r. s. Green
a candidate for reelection as Consta-
BILE of the second district Of Maury
county. Election Thursday, August
is, 1914.
The Columbia herald. [volume] (Columbia, Tenn.) 18??-1935, 1914-05-08
ONLY DAUGHTER OF
TOM HAL AT PARK

Out at South Side Park is the only
living daughter Of Tom Hal. Her
name Is Jewell, and she is the prop.
erty of Mitchell Abernathy, of Aspen
Hill, Tenn. She is the dam of Pearl
A.. 2:13A, and Margaret Direct, trial
2:15 on a half mile track. While at
the park she will be mated with Di
rect's Star, 2:09A.
The Columbia herald. [volume] (Columbia, Tenn.) 18??-1935, 1914-05-08
MEETING OF JERSEY
BREEDERS SATURDAY

All Jersey breeders, who expect to
have entries in the sale of May 25,
are requested to meet in the county
court room Saturday morning at 10
o'clock. If they cannot come they
should send some one to represent
them, as final plans for the sale win
be contaminated.
The Columbia herald. [volume] (Columbia, Tenn.) 18??-1935, 1914-05-08

Never can tell when you'll mash a
finger or suffer cut, bruise, burn or
scald. Be prepared. Thousands rely
on DR.. Thomas Eclectic Oil. Your
druggist sells it. 25c and 50c.-
(Advt.)
The Columbia herald. [volume] (Columbia, Tenn.) 18??-1935, 1914-05-08
A MODERN INSTANCE.

Seems strange that people could
be SO credulous as they were in the
days Of the Salem witchcraft."
ooh, l don't know. Some of us
went in pretty strong for those
poisoned needle stories which were
so popular a few months back"
The Columbia herald. [volume] (Columbia, Tenn.) 18??-1935, 1914-05-08

The Herald will print announce.
ments Of candidates from now until
election at the following rate: Daily,
$500; Weekly, $500. Announce
ments in the Daily will be run once
each week.
The Columbia herald. [volume] (Columbia, Tenn.) 18??-1935, 1914-05-08

When baby suffers with eczema or
some itching skin trouble, use Doan's
Ointment A little of 1t goes a long
way and it is safe for children. soc
box at all stores.-(Advt.)
The Columbia herald. [volume] (Columbia, Tenn.) 18??-1935, 1914-05-08

Constipation causes headache, in
digestion, dizziness, drowsiness. For
a mild, opening medicine, use Doan's
Regulets. 25c a box at all stores
(Advt.)
The Columbia herald. [volume] (Columbia, Tenn.) 18??-1935, 1914-05-08
THE TYPEWRITER GIRL.

'Aother calls the May Queen early,
But the worker in the flock
otIl relies, q careful grille,
On her little dollar clock.
The Columbia herald. [volume] (Columbia, Tenn.) 18??-1935, 1914-05-08
CoIy Gardner

The Herald is authorized to an
nounca
The Columbia herald. [volume] (Columbia, Tenn.) 18??-1935, 1914-05-08

Q candidate for County Court Clerh
Election, Thursday, August 6, 1914.