davidaulloa/AmericanStories huggingface dataset:
The Dermott news., 1914-02-05
JENNINGS HAS OPPOSITION
ExConvict Former Arkansar, An
nounces His Cand dacy.

N"-'crn <ewspa nor Union News Service
Fort Smith George Crump Ir.
formerly OF this city and son Of a
former United states marshal. has an
bounced as a candidate for governor
of oklahoma He announces he will
direct his campaign against Al Jon
nings. former bandit, who also aspires
20 the eoyernorship of oklahoma
Young Crump vas released six
months ago from the Oklahoma peni-
tentiary, where he was serving A
soven-year sentence ON a charge Of
embez7lement in connection with al
legged Indian land sales at Wewoka.
lie was pardon"d by Lieutenant Gov
oruor ! McAlester while Governor
Cruce was out OF the state. Courts
Upheld the pardon Following his re
lease Crump married a Harrison.
Ark. girl His father was United
states marshal FOR the western Ark
ansas district many years
The Dermott news., 1914-02-05
COTTON THEORY EXPLODED
Government Experts Prove Late Plant
ing viii Not Exterminate WeeviI.

Washington.-Th theory that tho
boil wecvii can be controlled by late
planting OF cotton better than by
early planting is exploded as the re-
suit of experiments conducted by the
Bureau OF Entomology OF the Depart
ment OF Agriculture.
The bureau has conducted many ex-
periments to determine whether late
planted cotton will produce sat -
factory crop. bur the results. IL is
said. have been negative.
Because advocates OF late planting
contended that the experiments OF the
department had not been conducted on
a sufficiently large scale. an unusually
large experiment was conducted in
Louisiana last spring
The Dermott news., 1914-02-05
Introduces Flood BILL.

Washington senator Newlands re-
introduced his river regulation bill.
so amended as to provide a way to
prevent a repetition of flood disasters
IN the lower Mississippi valley. THE
III contempla'es. said Senator New
lands. mot only a standardized leyee
system. hut also a standardized river
regulate the flow of navigable rivers
so as to make that flow even through
out the year as far as possible"
The Dermott news., 1914-02-05
Mrs. Belmont JOINS INSURGENTS.

Nashington-Suff who re,
Gently withdrew from the Congress
sional Union because of dissatisfac.
ton with methods in which that or
ganization was conducted. announced
that Mrs. 0. II. P. Belmont OF New
York had applied for membership II.
the insurgent organization and had
accompanied her application by q
check for $4,000. No title for the in.
surgent organization has yet been de.
ciced upon,
The Dermott news., 1914-02-05
Charoes OF Relating Brought.

establishments against three
railroads and the packing firm OF
Swift G. Co, were returned by fed
eral grand jury on charges Of re
batting brought BY special agents Of
the Interstate Commerce Commission
The railroads indicted are the Penn.
sylvania, its subsidiary the Pittsbure,
Cincinnati, Chicago aud st Louis,
known rs the Panhandle, and the Chi
cago and Northwestern.
The Dermott news., 1914-02-05
upholds "Jim Crow Law.

st. Louis The Jim Grow" law OF
Oklahoma was upheld by the United
States Circuit Court OF Appeals. The
court affirms the decision OF the Dis,
trict Court al Kansas City, which re.
fused TO award Or, William ]. Thomp-
kins $4,000 damages. Thompkins. a
negro. was ordered to enter negro
coach at the Oklahoma state line. He
refused and was ordered off the train
A disturbance resulted. Thompkins
was arrested and fined SIS.
The Dermott news., 1914-02-05
Ten SuHeeated In Tunnel.

Dante, Na-Ten laborers. two white
men and eight negroes. met death by
suffocation when fire broke out in the
tunnel which the Carolina, Clinchfield
and Ohio railroad is constructing on
its line between here and Elkhorn. Ky
The men had entered the tunnel TO
continue eXcavating. and had gone
back about a quarter of a mile wheE
they discovered the timber behind
them was on fire. Rescuers found
their bodies In a heap.
The Dermott news., 1914-02-05
BOND Extension Authorized.

pittsburg In the United States Dis
trict Court here receivers of the
american Water Works and Guarantee
g. oany of Pittshurg were authoriz.
ed 10 sVtend until February !, 1919.
$3.50 600 six per cent bonds of the
Arkansaw Water Company and until
January Il. 1919, $1,000 six per cent
bonds OF the Louisiana Water Com
pany. now overdue
The Dermott news., 1914-02-05
Cotton oil Plant Burned.

Ada, Okla-The plant of the Chloe
taw Cotton Oil Company here was
burned. but adjoining buildings Of
the company were saved by the work
of the Fire Department The loss
will reach 100000, partially insured,
The Dermott news., 1914-02-05
Inc Sequence.

Just as we were wondering where
the money for feed was to come
from Billy Smith. who always has his
pockets full. blew in
We'll. what happened"
"A blowout
The Dermott news., 1914-02-05
Easy Then TO Be Generous.

The trouble with some would be
generous men is that they always
leave their money at home in their
other clothes.
The Dermott news., 1914-02-05

Washington Postal money orders
will be PAYABLE at any postoffice, in
stead of only at the office on which
they are drawn. under bill passed
10y the senate. It already had passed
thp house.
The Dermott news., 1914-02-05

Dr. Pierces Pleasant Pellets first put up
40 years ago. They regulate and invigorate,
stomach. hver and bowels. Sugar-eoated
tiny EranuIes. AIX.
The Dermott news., 1914-02-05
WILSON MAY LET
REBELS GET ARMS
is INCLINED TO LIFT EMBARGO
AGAINST IMPORTATION
OF SUPPLIES.
MIGHT END THE REVOLUTION
United States Officers Believe Consti
tutlonalsts Would Triumph il
This Action Is Taken.

Western Newspaper Union News Service
WashinEton.-Th ever-recurring ap-
peal of the Mexican Constitutionalists
that they be permitted TO purchase
arms in the United States on an even
footing with the Huerta government
soon may be granted. Though Presi-
dent Wilson and Secretary Bryan have
reached no final determinations the
Washington government Is strongly
inclined to such a course
Inquiry discloses that virtually the
entire cabinet many members of the
Senate Foreign Relations Committee
and many leaders in Congress are
ready to support the president should
he raise the embargo
Change Of Policy Expected.
The recent defalcation by the Huer
Ia government the interest on the
bonds, the growing anxiety of Euro
pean nations about the financial az
fairs OF Mexico and the declared in
tention of the Constitutionalists to car
ry the fighting into the thickly popu-
lated cities in central Mexico are
said to be- underlying reasons for
further development Of the American
policy. though no official will predict
when II will occur.
That the president is giving serious
consideration to the question of arms
is apparent from the trend OF his
talk to the Senate Foreign Relations
Committee. and from evidence which
daily has been coming TO the govern
ment OF the disadvantage to which
denial OF arms has put the consti'u-
tionalsts. The latter have argued
that the United states by forbidding
expectation OF arms into Mexico, has
helped lIuerta.
Think Rebels Would Win.
The view among officers that TO
give arms 10 both siles on an equality
would end the revolution quickly in
favor OF the Constitutionalists proceeds
from the belief that the latter have
more men available for service and
are financially better able 10 obtain
supplies than ia the Huerta regime.
There is n feeling that the mere an
nouncement OF The Washington govern
ment's intention 10 raise the embargo
would weaken the lluerta government.
Before finally passing on the ques-
tion. II is believed the American gov
ernmeut will seek some assurance that
the lives and property OF all foreign
ers would be respected and that arms
would not be permitted to fall into
the hands Of irresponsible bands.
The Dermott news., 1914-02-05
Some Escape in Lifeboats.

rs the excited throng Of "osseg-
gers reached the deck they were herd
ID toward the lfeboats by officers
and crew Those of the tifeboats from
one side Of the crippled vessel We're
ur.slirped and gotten away. ,roj@1t7d
mostly with women BY thai time
It was impossible to launch the other
boats
With a lureh the liner nov fast
filling. rolled over on her side. throw
ing mp her uninjured side submcrg
Ing cabins and salons With chorus
of shrieks the uufortunates LEFT on tn
sinking vessel turned and Crawled
over the superstructure. through port
holes. windows and eompauionWays
until they rested just out Of reach Of
the waves on the upper side OF the
half capsized vessel. But even this
slippery security was not long avail
able. With n rumbline sound the big
vessel plunged beneath the waves.
leaving her human freight afoat on
the icy bosom OF the ocean.
Meantime the NAnluChel, HtTS'Ai
badly damaged. had stood by and can
tain Berry had aroused his sleeping
crew. As the Intellectual rays o. me
searchlisht failed to pierce the blanket
OF fog. Captain Berry ordered out his
lfehoats. aud one by one they slipped
away 10 search for the Monroe They
found only the struggling survivors
atloat In the icy sea. crying frantical-
" for help
Many of those picked ny were utter
lv exhausted Several had to he haul,
I'd over the side OF the Nantucket with
ropes.
Thomas r Harrison kept his wife
afloaI by swimming with her hair in
his teeth. only to have her die few
minutes after she was hauled aboard
the Nantucket Lieut. l. b Curtis,
L. :. 4, was rescued. but died after
reaching the Nantucket.
Wireless Operator Dies Hero
There were notable deeds Of heroism
by Assistant Engineer Oscar Perkins
and First Wireless Operator Ferdinand
!. Kuehn Perkins, when the thrush
The Dermott news., 1914-02-05
RUB-Mf-TlSM

VIII cure your rheumatism and al
kinds of aches and pains-Neuralgia
Cramps. Cole. Sprains. Bruises, Cuts
Old Sores, Burns. etc Antiseptic
Anodyne. Price 25c.-Adv.
The Dermott news., 1914-02-05

Actors initiate mankind; amateurs
initiate actors
The Dermott news., 1914-02-05
Comes Without Warninc.

The crash came about 40 O'Clock
IN the morning without warning. Out
of the curtain of mist and fog that
smut out even the waves from v1eN
the CLEAN Of the Nantucket's search.
light scarcely touched the dripping
side of the Monroe before the high
steel PROV of the southward-bound
vessel cut into her side with a ripping
OF plates that threw the stricken ship
ahaCk. The Nantucket. with her bow,
crushed in. backed out of sight as
Captain Johnson. seeing that his YES
sci was laundering. shouted an order
for the lifeboats
When the crash came but few of
those aboard the Monroe were awake
Only Captain Johnson and the watch
We're on deck. But the listing Of the
stricken vessel as the water poured
through the cash in her side awakened
the sleeping passengers
Warned by the officers, they hHrri
edly adjusted life preseryers and hur-
ried to The tilted deck But the time
was all too brief, Those rescued agreed
that from the time the Monroe was
struck until she settled beneath the
WAVES not more than ten minutes
ela1Srd
The Dermott news., 1914-02-05
And Jam.

How does your little boy take his
er,,ulainr -,
The Dermott news., 1914-02-05
BOATS IN CRASH,
a MEET DEATH
MANY PASSENGERS IN ILL-FATED
Beat ARE TRAPPED WHILE
STILL ASLEEP.
HEROIC RESCUES REPORTE }
Wireless Operator Gives His Life Pre-
server to Girl and Goes TO
His Death.


Norfolk. Na-The story of how Al
persons went down to death in the icy
waters of the Atlantic when the liner
Nantucket rammed and sank the
steamer Monroe was brought to port
by 80 survivors of the sunken ships
passengers rescued and brought %
shore by the Nantucket 1t WAS Il
story of awful and sudden death.
sweeping out Of the dark and fog and
ak!nS unawares the doomed half hun
dred with the heayiness Of sleep still
upon them.
1t told how the stricken Monroe.
with her side gored deep by the knife
Ike steel prov of the Nantucket. filled
rapidly. rolled over on her side and in
few minutes turned completely over
and plunged to the bottom. carrying
with her the Inflated passengers ana
members of the crew who had failed
to get clear of the wreck
The revised lists prepared by Cap
tain Johnson. who survives the sunken
vessel showed
Lost-Passengers 10. crew %: total
~.
Saved Passengers 81. crew 61. to
tai %.
The Dermott news., 1914-02-05

With eompulsien
The Dermott news., 1914-02-05
WireIess onerator Dies a Nero.

There were notable deeds Of heroism
by Assistant Engineer Oscar Perkins
and First Wireless Operator Ferdinand
!. Kuehn Perkins, when the thrush
The Washington herald., 1914-02-17
ONLY TWO BOAT DRILLS
FOR CREW OF MONROE
Investigation of Collision in Which Al
Died Shows Men Had Little Ex-
perience with Life Craft.

Philadelphia. Feb. 1.-THE crew Of the
Old Dominion liner Monroe on the YES
sci had held only two perfunctory boat
drills between December %. the day they
were shipped, and January n. when she
was sunk by the Merchants and Miners
steamship Nantucket of the Virginia
Capes, forty-one persons being drowned
The new crew Of the Monroe had never
tested the lifeboats.
These facts were brought out at to-
days session OF the government investi'
CATION of the collision. The inquiry is
taking the form Of trial of Capt
Osmyn Berry, of the Nantucket. charged
with having caused the disaster by dis
obedience TO the International rules oi
navigation.
Guy E Horsley. first officer OF the
wrecked Monroe. completed his statement
as to the collision today and was cross
questioned by John +. Lewis, attorney
for Capt Berry.
His account of his actions after being
awakened by the sound of the Nantucket
crashing into the Monroe was clearly
and concisely given, agreeing with Capt.
Johnson's testimony.
Capt. Robert l.. Taplsy, United States
steamboat inspector at Norfolk, the first
official to interview the officers OF the
Monroe and Nantucket. and who filed the
charges against Capt. Berry. was called
to the stand. Capt. Tapley identified
certain pictures OF the Nantucket, taken
after the collision.
The Washington herald., 1914-02-17
WASHINGTON PRODUCE.

Quotations given below are for Isrg, lots Of good
marketable goods only Iooscrs Ttices are higher
Lower grades may be sod for les. The msrke'
ruled strong for fsuCy good.
Egg quotations advanced 10 cents yesterday
due 10 immediate light receipts and not 10 genera
shortage.
Exceptional light rectip5 marked live stock
poultry. and dressed pork IN very light receipts
quotations strong. IN many higher.
The demand for fruits and vegetables was light
the sales being only forced ones 10 the buyer
Sweet potatoes lettuce. kslc and Florida bert,
ruled higher Lower quotations prerSiled FloTids
peas Other quotations passed unchanged.
EGGS-Nssrby hrsts. Per dozen, zLs; South
ern. 2.
pound, per lb.. 81. CoitonSeed oil. per can. $50
BUTTERFLIES print new psr ID. OiS; tub per
ID. ss process. Per h. a4,2S: undergrade. per h.
2SaS; store-packed. PER ID. i7sB
GREEN G0ODS-Ysms rer bbl.. l5alTS; sweet
potatoes. North Carolina. yer bbl.. l.oOa2c; do
native. per bbl. lsaJoo; potstoes. per sack. 10.
Is; do. No. 9, psr bbl., LOoAl.3: beams Florida.
per basket. 3ooSIO; cabbage, new York. per lo
Florida. prr bbI.. 20a3Oo; carrots. per bunch
Jas: rsdishes. hons grown. TeT loo %; lettuce
Ier basket, lSoa3.oo; cImblinEs. Per crate. Lss
20; celery. PER doz.. .Saso; do. California. TeI
lsrge crate. i.oosL25: DO. Florida. smAI crate
l6jsl.sS; cucumb-rs rer basket. S5SSp: Western
yelloE onions Ter bag. 27Sa3oo; white onions, per
BUS. 2oA25; bets. pr 100. 2os35o; eErplants
PCT crate, 2.o1ai.oo; turnps, per b6i.. 5aloo; do
$50; do, New York hothousc, Per ID, Da0; cauh.
flower. California. per ! crate. Ltoal.0: do.
Florida per basket I5oa2oo: spinach. per hbl. Ioa
LIS: ksle per bbl I.ooaLE5: eTAnberries. pr small
box, 3oos32S: do. per S2qusr bon. 40; do. per
bbl. l3ooalLO; Brussels sprouts, per quart. losls
Florida peppers per crate. LT5a25; peT basket
L'js25; Florida peas per baS, 3ooa4yo: beets
Florida per crate. l75a2oo; okra, per crate. 2ooa
Lo
CHEEsE-New York. new. per ID, -: fat per
lb, 70; Swiss. domestic. per h.. .; do. foreign.
per h, D.
LIVE. PoULTRY-Hens. Per lh. Is; ROSTERS
per III, 10; chickens per ID, 2A23: ducks per ID.
lsals: turkeys. per h.. Da22
DRESSED POULTRY-Chiekers per Ib.. Ga5;
hens choice per Ii. lsa; ducks. per b. lsa2n turt
Per lh. EaS: rooSterS. per lb.. II; capons. PR H..
@3
DRESSED GooDs-Dress,d pOrs. liyht-veishts
per Ib, Mtsai2; do. heavy. per h, ealo
LIVE sT0CK-yesl calves. choice. per ID. i2aI2A
medium Fer H., esali; common. Per ID. sa9
fall lambs, best, Trr h.. sasis; do. ordinary.
per H.. eiSaf: fat sheep per H.. B4s5.
FRESH FISH AND CRABS-tFrices given below
arc by the pound unless Otherwise ststed.l-Butter
and Stars large loaiS: carp. sGs; crocS medium 10
large. bbl. lo0oal25o: do. snail, LonsQo; Bay
nackerei, %; rock, boiling. Is; do. mediums1 do.
pan Is white perch large. lsS2o; do. white. znal
losl5: yellow Terch large. l2s do. kmal g. salmon
trout, l5a: cray trout, large sais: do. small. salo;
founders loal2i. catfish loaIa green pike. native
Is; eels. medium to large. Gas; spots. large. IL;
tzilora hrze. %: do. small. IS sturgeons. dressed
The Washington herald., 1914-02-17
CHICAGO GRAIN MARKET.
BALTIMORE WHOLESALE MARKET

Bsltimorr Feb. s-HAY-No. l timothy. l7.5o
also0: standard timothy. IT.ooslT.o: No. = l6oos
$50: No 3 N.ooalS co: hight clover. mixrd. Is ua
1910: No. l. ;5.5osI6O); No .. lL0oaIsoo; heavy
H. 5saI59; No l clover. nooal5oG; No q Iooa
lI5o: no-established grade. l25osH.o; sample hay
to kind. quality, and condition. sooaIeeo
STRAW-So ! straight rye, new. l5cosi51
No. straight rye straw. new. HooaH5o; No.
tangled ne straw. llGal20; No. I wheat straw
T.OasOo; wheat straw. No. ?. 60oaT.oo; No. ! oai
straw oalo 80; No. 2 oat straw sOoae Oo
LIVE POULTRY-Chickens old hens. heavy, PEI
h.. Is: do small to medium. IS; do. old roos
ters. lcsIl; do. young lsrss. aa2; do. rough and
stagEy l3ai5: dues. per lb.. ls: do. muscory
Halls; pigeons, young. per psir, Is; do, old, .
guinea fowl. Old. g; do, young and choice. each
co; do. young. Ioor. and small. 9a0; turkey
hens, per ID. 8; do, young gobblers. 2; do. old
toms, IS; do, rough and poor. II: geese. nearby
per Ii. i5al6: do, Southern Western, I2ali.
DRESSED POULTRY-Turkey hens. per H., s.
do, medium. hens and young Eobblers. 2aa; do
rough and poor Il, Chickens choics. young per
Ib., nzz: do. mixed. old and young 10; roos-
tiers per ID. u: ducks choice. fat. per Ib. lsaao
geese nearby. per ID, fat. lSals: do. Western
and Southern. Nal2; eapons. lbs. and over 2ls
8; do, medium. -; do, small. -
EGGs-MsryiAnd Pennsylvania and nearby frsts.
per doz-. .: Western hrsts q; West Virginia nrsts
8: Southern hrsts. =.
BUTTER-Cr.am.ry. fancy. per H.. ssa3,,; do.
choice. 25iss3z; do. poor. 2yS&24; do prints,
ziks2sis: do. blocks. 8iia2Fi: ladies. lss2s:
Maryland and Pennsylvania rolls lss.o: Ohio
rolls lszis; West Virginia rolls issls store packed
~: Msrvisnd. Virginia. and Pennsylvasia dairJ
prints. ban: process butter, .ia3
The Washington herald., 1914-02-17
NEW YORK PRODUCE.

New York. Feb. l6.-MILLFEED-
Strong; demand is slow. Spring bran, in
lOo-pound sacks, 2650: to arrive. 2675;
standard middling, spot. $3.50: to arrive,
615; Western red-dog, $50; winter
wheat. in l00-pound sacks, to arrive, % 90;
city bran, in bulk. $500.
RYE FLOUR-Steady; business is lin
tied. Good to choice at 2.30a3.75.
CoRNMEAL-Steady; demand Is quiet
Kiln-dried for export, 3.55; coarse meal,
in bags. I3sa1.43.
BCCKWHEAT FLOUR-Inactive; prices
all steady. Choice quoted at 2s5a30o per
100 pounds.
HAY-Receipts. 660 tons: steady; de-
mand for choice is inactive, low grade
dull. Quotations: No. / timothy. Los;
standard, 97Ikal.0o: No. ., soas5 cents |;
No. J. s0aS5 cents.
STRAw-Receipts, % tons: nat: bust
ness is lifeless. Long rye quoted at S0as5
cents.
PoRE-Firm; dealings are moderate
Mess. 2s.5oae40o: family. 2s.oo; clear, 20. Is
az. 90.
BEEF-Steady: trading is quiet. Pack
ct. 1s.0oal9.oo: family, 1s00a2000
LARD-Flat: moderate dealings. Prime
The Washington herald., 1914-02-17
WALL Street GOSSIP.

The regular dividend of s. on Standard
OIL Of New Jersey was declared yes
terday. An extra dividend OF IS cents
on Ohio oil was declared.
New Haven quarter ended December 81,
gross decrease. sls4. .S3I: net after tax de-
crease. sl,2s1, So: total income decrease,
81 i.cs3. 10: deficit after charges increase.
81. .5OS,3SS.
Imperial Tobacco Company report
shows profits for the year OF SIC. $50
There was sSooo.coO carried for reserve.
There was available for dividends
SIC, ,Ooc.o0O.
The Reading Railway has practically
completed the largest railroad classih-
cation yards in the world. Building op-
erations have taken five years. Cost has
been 2.ooo.oo0 The yards lie along the
foothills Of Broad Mountain in Mill Creek
Valley, between 81. Clair and Port Car
bon. Pa. They will be known as the ST.
Clair yards.
These yards operate almost entirely by
gravity. This minimizes cost OF opera
ton to a degree reducing expenses large
Iy over those OF other yards. These
yards tap about three-ffths OF the en-
tire anthracite area OF Pennsylvania. The
Reading system carries the bulk OF the
coal mined between the Schuylkill and
the Susquehanna rivers and from Schuyl-
kill Haven and Shamokin. This amounts
10 about 100000 tons a month.
W. r. Brock, formerly vice president,
has been elected president OF the British
American and the Western Assurance
companies. of Toronto. to succeed the late
George A Cox. The Iatter's son, II. c.
Cox. president OF the Imperial Life As
surance Company. was elected to fill the
vacancy on the boards caused by the
death OF his father.
The annual report of the New Jersey
Fire Insurance Company. Newark, shows
total assets of s2,076. ses compared with
81. .SsS. .I5j on December 81, 1872. The net
surplus is as.2I5. while the surplus TO
policyholders is fI.i2s,2l5. a gain OF S2,-
4os over 1915.
" I. Carpenter & Co.-The principal
feature OF the cotton market during the
afternoon was the selling OF March and
buying of May and July. Most of tho
trading was apparently switching. Out
side business was very limited. Support
was lacking and the buying vas scatter
ed The crowd was inclined to sell.
though some Of the active operators arc
advising purchases on all soft spots. and
a higher market is predicted, based on
and a better technical posi-
tion.
The Washington herald., 1914-02-17
Finance and Commerce

the Southern Pacific system of roads and
in its ability to secure and handle traffic
The lines OF railroad OF the Central Pa
cihc and of the Southern Pacific are so
interviewer and SO interdependent having
been conceived. constructed. and operated
always as one connective wall, that
neither system is self-suficient. They
complement each other, and their dis
ruption would greatly impair their value
and usefulness to the public as well as
to their owners"
hanks Given Notice.
Although the reserve bank organization
committee repeatedly has announced
that the provisions requiring all national
banks to signify their intention to accept
the terms Of the Federal reserve act
within sixty days from its passage is
mandatory. and that all banks, irrespec-
tive of location, must notify the commit
tee of their intention before February q.
few banks arc still submitting inoGlr-
les as to what penalties will be incurred
by failure to send in such notice.
In response to these inquiries Secre-
tary Elliott. of the committee. yesterday
notified such banks that this provision be-
ing mandatory, any failure TO comply
will constitute a violation Of the provi-
sions of the Federal reserve act, and srb-
jet such banks to the penalties inrosed
by Section of this act, and may involve
a forfeiture of their charters prior 10 the
expiration of the one year should this
penalty be enforced.
Whether such banks may be permitted
to enter the system later. under regr:la-
tions to be prescribed by the committee,
or by the Federal reserve board. has not
been officially passed upon, but, accord
ing to the unequivocal ruling Of the com
mittee, no bank can claim this privilege
as of right.
National banks representing abOnS 81
per cent of the entire national bank cap
ital of the country already have form
ally accepted the provisions of the
Federal reserve act, and there Is reason
TO believe that mote than 80 per cent OF
all the national banks OF the country
will have assented before the close OF
this week. so that tue Question Of, the
right of the small percentage OF banks
remaining out to enter the system at a
later date becomes unimportant.