davidaulloa/AmericanStories huggingface dataset:
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1914-02-01
Urges Serial Bonds.

Editor Tribune-A great deal is be-
ing said and printed about proposed new
city and county bond issues. We read
that tho city is soon TO put out ISSUE
OF STS7 900. with which TO redeem an old
Issue about TO fall due. This Will be in
addition to the issue for water Improve
ments, upon which the taxpayers are
shortly to vote The county expects to
come along by and by with $l.OOO,ooO
of special road bonds. With no Intention
OF befogging the question of whether or
not these issues are advisable. II seems
worth while 10 ask what form these
bonds shall take, In case they arc au-
thorized, Shall salt Lake CITY and
ing fund system. which is rapidly becom
ing obsolete, or snail they adopt tho
serial bond method, as the most ad-
vanced communities are now doing?
A bond issue means borrowing money.
and provision must be made 20 pay off
the debt, Under the sinking fund meth
cd certain sum Is raised annually by
taxation, which, with accumulation by
compound interest, will pay off tho loan
at maturity, BY means OF serial bonds
the loan Is paid off by equal annual In
stailments OF the principal. plus the In
tereSt on the unpaid balance,
Verified computa tions show that on
nm issue OF S1,000,000 OF per cent bonds,
running twenty years. the difference In
pared with sinking fund IS s40 231.
Sinking funds are complicated, and re-
quire Intricate mathematical calculation
20 be accurate. They entail keeping and
investing large sums Of money through
long term OF years, and are. therefore.
more or less subject TO neglect, mis-
management, loss. theft or diversion
t' to 9th other pnrposes The gerinl bond is
the debt is paid Off each year. and that
is the end OF It. These bonds work on
the principle that "the best way to sink
a debt is to pay IT,
Massachusetts prohibits sinking funds
for municipal loans. The constitution
Of West Virginia says: "The payment
OF any liza bility other than that OF the or
dlnary expenses OF the state shall be
distributed over period OF at least
twenty years" In Canada they have
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1914-02-01
The First Lifeboat.
pv ruE REX T. B. GREGORY

BY TIE REX I. B. th'EiGohY'
The date Of the launching Of the
first successful hfeboat Is clearly en-
titled to rank among the great days OF
human achievement, and because Henry
Greatheaa did upon this, day OF the
year. 1893, accomplish such triumph, he
should ever be remembered as one OF
the true benefactors of the human
race,
In 1880 the Adventure of Newcastle
was wrecked off the English coast, ana
the loss of life was apalling. The ship
was stranded only 800 yards from
shore. vet nothing could be done for
her as no one dared to put off in an
ordinary boat to the rescue. But the
men along the shore who watched the
pathetic scene were human, and they
at once got together to prevent, II pos
sibie, a Repetition Of the spectacle that
had so wrung their hearts
committee was formed, and pre-
miums were offered for the construc-
tion of a lifeboat. Many plans came
in, and the committee finally selected
the model that had been offered by
Grsathe cad
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1914-02-01
RED CROSS PROJECT.

The American Red Gross society has
undertaken to finance a highly impor-
tant enterprise In China, having en-
tered into an arrangement with the
government of Yuan Shi Kai TO raise
100000 within year to carry out
a project for controlling the river
Hwai, which causes great loss Of life
and destruction of property by its an
nual overflows,
IL successful, the project Of the Red
Cross will reclaim 100000 acres of
rich land, in addition to protecting the
lives and property of those who dwell
in tho valley. 1t is an immense under
taking, but American pluck, enterprise
and engineering skill do not falter in
the face of difficulties, and no doubt
the work will be accomplished AS
planned. 1t viii mean much for the
development Of China. IL will also
greatly enhance the prestige of the
American Red Gross in the land of
ConfuciuA
II ell the money spent for war pur-
poses could be directed into tho chan
nels Of peace, how many projects like
the above could be completed and how
many millions Of people all over the
earth could be raised from abject pow
erty to comparative affluenceI
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1914-02-01
POOL OF SLOAN.

News of the finding Of the founda-
tion of the tower of Sloan will be
read with interest by Bible students the
world over. In addition to the foupda-
tion, the e1cavators discovered long,
well-cut Greek inscription, telling of
the laying OF the foundation Of the
baths, the synagogue, etc. What is
known as the Sloan inscription, con-
sisting Of six lines, dating from the
time of Ahab or Hezekiah, was discov-
cred by Mr.. c. Schick in 1880, Mr..
Schick also uncovered a conduit in the
'90's The latest excavators have dis
covered the conduit loading from the
famous spring mentioned under differ
ent names in the old testament, Mr..
schick % conduit not being the oldest,
as popularity supposed
Mention Of the recent discoveries IN
Jerusalem, tho finding Of the founda-
tions of the tower, the inscription and
the aqueduct recalls tho old-time
hymn, beginning,
BY cool Siloam's shady Till,
How fair the llly erowS,
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1914-02-01
DOCTORING SHERMAN LAW.

The administration antitrust bills
are professed attempt to dispel the
obscurity which the Democrats believe
envelops the Sherman law. To accom-
plish this object one Of the trust bills
seeks to define what monopohes and re-
straints OF trade are unreasonable. 1t
is argued in favor Of this plan that big
business will know just what it can do
and what it cannot do in tho way of
restraining trade or suppressing compe-
tition. President Wilson himself Is said
to believe in that king Of big business
which eliminates competition, while i'm
proving the quality of its wares and re-
ducing the prices Of the wares to the
consumer. The administration trust
the atmosphere, but will they have this
effect9
The definitions of reasonable and un-
reasonable monopolies and restraints of
trade are founded on present evils and
upon decisions Of the United States SUI
preme court. AS big business evolves
other evils will arise and new defini-
tions will be necessary. Soon the defi-
nitions of the Sherman law will be
bulkier than the law itself. This might
not be serious objection If the defi-
nitions were final and conclusive. AS
a matter of fact, all the definitions
will be passed upon by the United
States supreme court. Where, then, is
the gainf The United States supreme
court has been the final arbiter Of the
Sherman laws general provisions. 1t
will be no less an arbiter Of the pres
ent administration g specific defini-
tions. In other words, the question of
reasona bleness must be left to the su.
preme court
One of the other trust bills would
drive apart interlocking directorates.
a wise provision with this end in view
cannot be Objectionable. But here
again, in striving to be specific and
definite, the administration again
makes itself ridiculous. Most Of the
banks in this country are small coun~
try banks whose interests are local
Nevertheless director in bank at
Bird Center or Smiths Crossing would
be required to resign If he chanced to
hold stock in q trolley line operating,
for example, between Omaha, Neb., and
Council Bluffs, Iowa, if, wishing to pro-
tect his interest, he became a director
or an officer Of the trolley company.
1t is likely that in the attempt to do
away with interloclsing directors the
Democrats will multiply dummy direc.
tors In order TO supply the necessary
directors for corporations the stock
holders would be compelled to cast
about for IdIe men who can take an
oath that they never were in any kind
of business and are wholly lacking in
enterprise.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1914-02-01
Miscellany
Federal Reserve Bank?

To the Editor:-I have Just returned
from Montana from which point
have watched with interest the efforts
of Salt Lake people to secure one OF
the federal reserve banks. While in
Montana / talked with a number of
bankers, none Of whom seemed to be in
terested in seeing one Of the reserve
banks located at Salt Lake: and the
outlook seems rather against our city
at present. But, a battle is not lost
until the issue is fully fought out or
until one slde to a controversy gives
up.
The feeling in Montana seems TO be
that their reserve bank should be To-
Gated somewhere near the centers OF
population, or in the older districts
where the farming or manufacturing
has enabled the communities to save up
considerable sums of surplus money.
For this reason they arc looking toward
Minneapolis, Chicago or Seattle.
/ have an idea, however, that they
may be mistaken in this view. The
object Of the new banking measure is
to equalize the banking business of the
country and give the country banks
equal prestige with the city banks. A
federal reserve bank or any other bank
is best fitted to accommodate its pa
irons according to its ability, first, TO
furnish The caDital, and, second, accord
ing TO its ability or the ability of its
officers to understand the needs Of its
customers.
The great mountain states are pecI-
liar 10 themselves their needs, their
difficulties, and possibilities have never
been thoroughly understood by the
bankers of New York, Chicago or even
OF Minneapolis. Our local bankers in
Denver, Salt Lake. Butte, Helena and
Great Falls DO understand these cond-
tons. Colorado, Oklahoma, Texas and
the Southwest generally can be taken
care Of by a reserve bank at Kansas
City, Denver or some other southwest
ern point, but Utah, southern Idaho,
Montana and Wyoming should have a
federal reserve bank Of their own. Can
this be hadp | suggest that il eau.
If all the banks in Utah, Idaho.
Montana and Wyoming will Join 10.
gether they can make a pretty GOOD
federal reserve bank themselves. The
United States government is author
iZed 10 and will help them. but we have
auolher resource back Of us. The own
crs Of our great mines arc many Of
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1914-02-01
A SENSATIONAL METEOR,

That was 4 sensational meteor which
struck in the Sandia mountains twenty
five miles from Albuquerque, New Mex
ico, last Friday night, It exploded the
dynamite and powder magazine of the
La Luz Mining company and wrecked
all the buildings in the camp. A cabin
in which three men had been PLAYING
cards, and from which they ran to OBJ.
serve the meteor, was blown to atoms,
The stove in the cabin was lodged in a
tree 200 yards away,
The mysterious visitors from space
usually called meteors are of three va.
rieties-the shooting star, tho bolide.
and the aerolite. The shooting star is
gaseous, the bolide is solid, and the
aerolite is a fragment of the bolide.
1t is not unlikely that the boIide which
hit the La Luz mining camp was itself
shattered by its own explosion. and
that this explosion in turn detonated
the dynamite. The bolde as il rushes
through the atmosphere appears like n
globe of fire and leaves luminous
track behind II, Sometimes il bursts
with an explosion like that of an enor-
nous shell.
Bolides are regarded by some scicn.
lists as similar In origin and being TO
the planets which circulate in such
great numbers around the sun aud as
probably themselves forming part of
the planetary system. The discovery
made of large number of planets OF
very small dimensions has induced the
belief that there exists a multitude of
others still smaller wliich have cscapcd
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1914-02-01

them eastern men with vast fortunes
and they are capable Of, and will lend
their support to the establishment OF
largo federal reserve for the mountain
states. They will not only subscribe
hberally to a federal reserve bank, but
they will take stock in our local banks
and thus enable them to subscribe more
toward a federal reserve bank. Nearly
every one of our local banks can In
crease their capital with eastern money
if they try; and once get these eastern
people interested with us they will keep
part of their deposits here and will
furnish our local banks with mortgage
loan money as they did years ago
when Wall street did not absorb and
control all the money of tho country.
believe thnt if this matter is caro-,
fully considered and worked out IL Will
result in the establishment of fed
eral reserve bank of $l0,000,000 to $lo,-
100000 in our mountain district we
have the gold to produce and keep mp
our own gold reserve, we have the
higher rates Of interest which always
attract capital where 1t has fair show,
and no better place than Salt Lake can
bank, for here the daily mail will
supply almost every town in the four
states named, within twenty-four hours
time.
Railroads and express companies are
scattered all over this territory to carry
bankers or currency and good connec..
tions can be had with Salt Lake What
better service could bo askedf Salt
Lake Is the oldest and largest city In
the four states. It has several very
large banks already ests blished here
Fifty years ago Salt Lake furnished
nearly all the supplies for this same
mountain district
Our bankers understand tho needs OF
this district and once q federal reserve
bank Is established here the states of
Idaho, Montana and Wyoming will find
that their evcry need in the banking
line will be met in a prompt, effective
and business-Eke manner.
Citizens Of Salt Lake: Go after this
federal reserve bank, YOU can get it, If
you will. SAM ". WOOD.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1914-02-01
A Hard-hitting Navy.

Debate on naval questions is not likely
to begin In congress until after Che
holidays. When 1t comes 1t Will be
warm. Secretary Daniels has asked for
two battlcshlps. tho peace societies want
none at all, and the board OF naval
syports cries aloud that the country Will
be in terrible danger " less than four
of these steel monsters are laid down
each year. The United states wll suffer
MANY defeats--ln the Congressional Rec
ord-before the matter Is adjusted. A
comparison OF navies, gun by gun and
ship by ship. is necessary. no otner
method Is available until after the fight
Ing. and then comparisons are useless.
But the Journal takes leave TO hold that
If put to the test--which heaven forbid
the American navy would rank much
higher than It's weight OF metal would
seem 10 indicate. history supports this
view In proportion to It's size the Amer
icaD navy has been terribly hard hit
TOR for more than 100 years-Chicago
Journal
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1914-02-01
Poetic License.

Sometimes children hit the nail on the
head unconsclously. Bobby. who lives up
In the northwest section and goes to
Thompson school, has mother very fond
of books lie had often heard her speak
OF poetic license" and mad also read In
the comic supplements about the sad iate
OF the spring poet. who was daily thrown
out OF the window or TO the lions TO
make a Roman holiday.
One day mother and Uncle Hunk were
talking and poetry was tho subject
Mother" said Bobbie, refectiyely, do
poets have to 60 down to the municipal
building 20 get license?"
why, no. child; what ever put such
an idea In your head?'' laughed tho
mother.
well" drawled Bobble, II heard you
and Hunk talking about poetic license
and ] thought II meant that everybody
hated poets. SO that they had to go and
get q license same as q dog g'-Washing-
TON Star
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1914-02-01
Caught In the Act.

The parents OF 1o-year-old boy had
SO much trouble making him hear their
calls while he was at play that they de-
cided his hea ring was defective. so they
took him TO specialist
The latter made several OF the ordl-
nary tests, and the boy could hardly hear
a word To all appearances there was
something radically wrong with his
hearing shaking his head. the special
ist walked into the far corner Of the
room.
''My boy" he said in n voice little
above a whisper. "here's a nickel"
The lad squirmed in his chair. A grin
spread over his countenance.
you can't fool me with that bluff"
ne satd.-New York Times.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1914-02-01

tense. giving no Limit to duration of
such emission.
Tho second section defines the party
to be held guilty, limiting the guilt to
the owner, agent, lessee or occupant OF
the building which the smokestack
serves.
The third section provides fine not
to exceed 500 or imprisonment in the
city Jail for period not to exceed
thirty days.
The old ordinance is therefore much
more drastic than the proposed new
one, but experience demonstrates that
the public will not stand back of too
drastic ordinance and. therefore, the
less drastic and more logical new ordi'
nance should produce much more bene-
fetal results.
Under the proposed ordinance the
operations of the smoke bureau would
be about as follows:
Deputy smoke inspectors would pc
riodically keep accurate records of all
the stacks in different sections OF the
smoke is emitted. Based on tho data
thus gathered tabulation would be
made of all the plants in tho city. show
ing to what extent they arc offenders
The smoke inspector or his assistant
would then make a careful study Of the
constrbotion and operation Of the fur
nscee, boiler, settings, chimney, breech-
ing connections, eto-, Of each Of the Of
Tending plants, and after such careful
study and further inspection Of the
plant in question the amoke inspector
would make q report to the property
owner with recommendations as to the
remedy.
The study Of the plant by the In
spector and his assistant might require
several weeks and might further in
volve much actual test work before the
plant could be intelGgently prescribed
for. This much experience has taught
in Chicago, st. Louis and several Of the
largo cities.
If the owner Of the plant refuses to
cooperate after the inspector has
made definite recommendations, then
and only then will he be subject to
fines. As changes made in boiler set
ting or firing conditions to abate the
smoke production invariably increase
the economy of operation of the plant
such assistance from the smoke inspec.
tor should be of benefit to the plant
owner rs well as to the public.
The clause IN the proposed ordinance
which provides for the inspection Of all
plans for new plants or proposed en-
largements or changes in old plants will
likewise be Of direct benefit to prop
erty owners. At nominal price it gives
them an opportunity Of obtaining nd
vice which not only would keep them
out Of the smoke offending class, but
also would assist them In the economi-
cal operation Of the plant.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1914-02-01
ARBITRATION TREATIES.

President Wilson appears to have the
majority members Of the senate pretty
much under control, the action taken
by the foreign relations committee in
favorably reporting the arbitration
treaties that have been so long hanging
fire being a pretty sure indication that
the prodding given at the recent White
house conference was effective.
These treaties provide for limited ar
bitration of questions which cannot be
adjusted by diplomacy, those affecting
the honor, independence or vital inter
ests of the high contracting parties be-
ing expressly excluded They do not
90 so far as the Taft treaties, which In
clude virtually all questions Of dispute
between nations and upon which the
senate never could be induced to take
action.
1t is said these Wilson-Bryan conven-
tions, while drawn primarily for the
purpose of arbitration, have a much
larger significance in affecting the po-
litical and international relations be-
tween the United States and other
countries A sort of entering wedge,
so to speak. 1t is claimed they would
establish bulwark which would lessen
the possibility OF complications on any
or the existing foreign problems. These
include the questions growing out of
the Mexican war. the Panama tolls dis
pute with Great Britain, the issues
raised by Japan in connection with the
California alien land law and some 9th
er vexatious matters.
1t is quite probable the senate NAV
vote favorably upon these limited ar.
bitratIon treaties in substantially their
present form. Whether the senators
can be induced to follow Secretary Bry-
an g lead and agree that ''all questions
of whatever character and nature -
shall, when diplomatic efforts fail, be
submitted TO an international commits
sion for Investigation, the contracting
Ho''""o eEIee'hR hOt 10 declare war or
begin hostilities until such investipa.
tion is made and report submitted - is
quite another matter The PROPOSE.
tion to submit questions of national
honor to arbitration is sure to awaken
hostility even if it is for the most part
clap-trap and buncombe
Civilization has never been success.
ful in stopping the barbarous custom
Of dueling which is resorted to for set,
tlement Of questions OF honor" among
| individuals. II is but natural to sup
pose, therefore. that it will be equally
difficult TO prevent the settlement of
questions OF honor between nations on
the field Of battle. II is true that the
individual whose 'fhonorn is tbought
10 have been impaired is quite often
killed by his adversary and il is equal
ly true that nations taking up arms for
the sake of honor are frequently COM
PEELED TO pay heavy indemnity and part
with rich finances after their soldiers
havo been slaughtered.
| The trend of sentiment among the en-
liehteued people of the world is dis.
| tinctIy in favor of peace pact be.
tween nations. but prejudice is hard TO
overcome and politicians are frequently
able to ihwart the plans of the wisest
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1914-02-01

"In the spring Of 1893 I su
Muscular ard fnlamuintory alzrrrsX
fercd as only thuse who have II Is.
three years. Tried remedy fftpf l.
doctor after doctor. but sueh ~
ccired was only temporary. Fls1ij,
remedy that cured me corpleil.g'
never returned. ! haze giSen HEI
who were terribly afflicted nni n
with Rheumatism, and II efst< 1
every case. p.
want every sufferer from an ir||
matte trouble 10 try this zi1in
power, Don't send cent: g. 4
name md address and viii se5s
After you havo used II and II III 4
10 be that lcns-looked- FOR mean 4 Z
Rheumatism, you may send ths -
dollar, but. understand, l DO - n
money unless you arc perfectly ntt|
II. Isn't that faIr7 Why sutief ~ I
positive relief is thus offered ~ q
delay. Write today. MARK B. u
No, 7si Gurney Bldg, Eysszl
Mr. Jackson is responsible. An
truc.-Pub.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1914-02-01

observation. Others regard the holides
as bodies wandering freely in space and
penetrating every now and then the at
mosphere Of the Garth.
Admiral PeaIy brought back from
the north a great meteor Of iron. It
was his belief that for ages the Es-
kimos obtained tho iron for their Ar
row heads from this meteor
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1914-02-01
BY cool Siloam's shady Till,
How fair the lily grows.

1t is said that Pope Plus has lifted
the ban on the tango, and has made
this comment: ''rbe tango is the
dullest thing imaginable. II a. sinner
were compelled to dance tho tango as
a penance he would be treated harsh
ly.n The st. Louis man who died
while tangoing carried his pcnanco too
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1914-02-01

A Japanese economist says that jap
ans experiences in imperialism have
been unprofitnble and will always be
unprofitable. Perhaps Japan will de-
eide not to annex the Philippines.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1914-02-01

,o +bo conclusion that the day or
tbn sinking fund Is past, and that IT Is a
The time seems opportune Ior SAT-
IT, W thts Yhase OF tho bond question.
II should at least be looked into,
Salt Lake City. January %. 1914.