davidaulloa/AmericanStories huggingface dataset:
The day book. [volume] (Chicago, Ill.) 1911-1917, 1914-03-09
Comiskey and Callahan Are Home
Feds OFF to Spring Camp.

PRESIDENT COmlSkey or the Whlte
Sox, Manager Callahan and the local
players who circled the globe arrived
home this morning, rolling into Chi
cago at o'clock.
Commy, who has been i'll during
the latter stages of the trip, appeared
to be on his way to complete recov-
cry, and declared he would be all
right after few days within sight of
the lake. What he needs is rest, and
it is doubtful if he will go to Califor-
mia to meet the athletes who draw
pay from him.
Neither Comiskey or Callahan had
much to add to the accounts Of the
trip they gave out in New York They
still have one more banquet to go
through tomorrow night before the
trip officially closes.
Callahan was undecided Just when
he would start west. He had reports
from Kid Gleason, and was satisfied
with the work of the peppery little
assistant manager. He feels that he
can trust Gleason to get everything
possible out of the spring trainers.
Jim Scott may not remain for the
banquet tomorrow night. The Elk
Shooter was notified that his brother
had died suddenly in California and
wanted to go west as soon as pos
sible.
Buck Weaver and the rest of the
athletes appeared in excellent con-
dition and said they were ready to go
right to work. They will be sent on
to California in a couple of days.
Joe Tinker and his Federal Leag-
uers will be in camp at Shreveport to-
night, and hard work will begin for
the players tomorrow morning. The
train that pulled out last night over
the l. C. was a regular spring train
ing special, and the athletes were all
likely looking workmen.
Additions to the squad are expected
The day book. [volume] (Chicago, Ill.) 1911-1917, 1914-03-09

Did you ever notice man with
rundown heels? Well, the chances
are that he is a bill collector.
The Bottineau courant. (Bottineau, Bottineau County, N.D.) 1895-1929, 1914-01-02

this requirement whenever . vacan-
cy shall occur other than BY expiration
Of term among the six members Of the
federal reserve board appointed by the
president. as above provided. q success
sor shall be appointed by the president.
with the advice and consent Of the
senate. to ill such vacancy
The president shall have power to
Oil all vacancies that may happen on
the federal reserve board during the
recess of the senate by granting com
missions which shall expire thirty days
after the next session Of the senate
cOnveDeS |.s"
The Bottineau courant. (Bottineau, Bottineau County, N.D.) 1895-1929, 1914-01-02

exercise the powers and ditlps aplIer
tanning to the office Ut chairman III the
organization Of such federal reserve
bank
No senator or representative In con
gress shall be- u member OF federal re-
serve board or an officer or n director
Of a federal reserve bank
No director Of Class Is shall b. an
officer. director or employee Of any
bank
No director Of Class & shall he an
officer. director. employee Or stock
holder Of any bank
Class 4 directors shall be appointed
by the federal reserve board They
shall have been for ut least two years
residents Of the district for which
they are appointed. one Of whom
shall be designated by said board Al
chairman Of the board OF directors Of
the federal reserv bank and as fed.
erai reserve agent" He shall be q
person Of tested banking experience.
and In addition to his duties Az chair
Il Of the board Of directors Of the
federal reserve hank he shall be re-
quired tn maintain under regulations
to be established by the federal reserve
board a local office Of said board on
the premises of the federal reserve
bank
Sec. 5 The capital stock Of each fed
eral reserve bank shall he divided into
shares Of $1M each .
Division Of Earnings.
Sec. Z. After all necessary expenses
Of a federal reserve bank have been
paid or provided for. the StockhOld
era shall bp entitled to receive an
annual dividend Of Il per centum ~
the paid In capital stock. which div
dend shall be cumulative. After the
aforesaid dividend claims have been
fully met all net earnings shall b. paid
to the United States as "A franchise
tax. except that one-haIt Of such e
earnings shall be paid into a surplus
fund until 1t shall umount to 40 per
centum Of the paid in capital stock of
such bank
Aue uet HiHSS ueIi'eu u! lne OIll
ed States from federal reserve banks
shall. in the discretion Of the secretary.
be used to supplement the gold reserve
held against outstanding United States
notes. or shall be applied to the r.
ductiOn of the outstanding bonded in
.debtednesS of the United States Re
serve banks shall not he taxed except
upon real estate
Section \ amends the existing bank
ing laws. 40 that stockholders owning
81 per cen Of the stock of banks other
than national banks can Onvert thei,
organizations into national banks
Section 3 describes how state banks
may become members Of reserve banks
The Bottineau courant. (Bottineau, Bottineau County, N.D.) 1895-1929, 1914-01-02

treasury, the gee
rotary of agriculture and the comp
trOller OF the currency. acting as 1.-The
reserve bank organization committee
shall designate not less than eight 10
more than twelve cities to be known as
the continental United States, exclud-
ing Alaska. into districts, each district
b contain only one Of such federal 70
serve cities.
The Bottineau courant. (Bottineau, Bottineau County, N.D.) 1895-1929, 1914-01-02
CLASSES OF DIRECTORS.

Beard Of Nine to Control Each Reserve
Bank.
Every federal reserve bank shall be
conducted under the supervision and
control Of q board of directors.
Such board Of directors shall be se.
lected as hereinafter specified and shall
consist of nine members. holding Office
for three years and divided into three
classes. designated az Glasses A. B
and G.
Class A shalt consist Of three mem
bers. who shalt be chosen BY and be
representative Of the stock holding
banks.
Glass h shall consist of three mem
beers. who ut the time Of their election
shall be actively engaged In their dis.
trict In commerce. In agriculture or In
some other industrial pursuit
Class Z shall consist OF three mem
bers. who shall he designated BY the
federal reserve board. When the NEG
essary subscriptions to the capital
stock have been obtained for the Or
ganizatiOn for any federal reserve
bank the federal reserve board shall
appoint the Glass e directors and shall
dexixnate one Ut snch directors a.
chairman OF the hoard to be selected.
Pending the designation Of such chair
man the organization ..0nn1ittee shali
The Bottineau courant. (Bottineau, Bottineau County, N.D.) 1895-1929, 1914-01-02

shall establish branch banks within
the federal reserve district in which
It Is located aud may do 50 in the dis.
trict Of any federal reserve bank
which may have been suspended
Such branches shall be operated by q
board of directors under the rules and
regulations approved by the federal
reserve board Directors Of branch
banks shall possess the same qnaIif
cations as directors Of the federal re-
serve banks -Four Of said directors
shall be selected by the reserve bank
and three by the federal reserve board.
and they shall hold office during the
pleasure, respectively. Of the parent
bank and the federal reserve board
The reserve bank shall designate n
Of the directors MS manager
Sec. 4. 80" Upon the filing of i"
certificate with the comptroller Of the
currency the said federal re
serve bank shall become a body cor.
porate and as such and in the name
designated in such organization Ger
tifcate shall have power
First.-To adopt and use a corporate
seal
Second.-To have succession for q pc
Rod Of twenty years from its organiza
ton unless it Is sooner dissolved by an
act Of congress or unless its franchise
becomes forfeited by some violation Of
law.
Third.-TO make contracts
Fourth.-TO sue and be sued. con
plain and defend. In any court of law
or equity
Ffth.-To appoint by its board Of
directors. elected as hereinafter pro
v!ded. such officers as are not other
wise provided for In this act, to define
their duties. require bonds Of them and
az the penalty thereof. to dismiss such
officers or any Of them as may be ap
pointed by them at pleasure and to ap
point others to fll their places.
Sixth.-To prescribe by its board Of
directors bylaws not Inconsistent with
law regulating the manner In which its
general business may be conducted
and the privileges granted to 1t by law
may be exercised and enjoyed
seventh.-To exercise by its board of
directors or duly authorized officers or
agents all powers specifically granted
by the provisions Of this act and such
incidental powers as shall be necessary
to carry on the business of banking
within the limitations prescribed b!
this act.
Eighth Upon deposit with the treas
urer Of the United States Of any bonds
Of the United States In the manner
provided By existing law relating t.
national banks to receive from the
comptroller Ut the currency circulating
notes In blank. registered and counter
signed as provided by law. equal in
amount to the par value Of the bonds
30 deposited. such notes to be issued
under the same conditions and provi
siOns Of law which relate to the issue
Of circulating notes of national banks
secured by bonds Of the United States
bearing the circulating privilege. ex
cept that the issue Of such notes shall
not be limited to the amount Of the
capital stock of such federal reserve
bank.
But no federal reserve bank shall
transact any business except such al
il incidental and necessarily prelimi
nary to Its organisation until It has
been authorized BY the comptroller of
the currency to commence business I'm.
der the provisions Of this act
The Bottineau courant. (Bottineau, Bottineau County, N.D.) 1895-1929, 1914-01-02

w~beresoevef Il my derm ttpxt for IL
purpose of purchasing. selling and t'0l-
Iecting bills Of e%xchtnge. mud to bug
and sell with Or without itx indOrxe-
ment through such correspondence y
agencies. bills Of exchange arising Ovt
of actuai coinn,ers'ia4 transactions
which have not more than ninety days
to run and which tear the signature
Of two OF more responsible parties
Section IS provides that moneys hrI1
in the general fund Of the (nlt14
States treasury. except the : per cen
tum fund for the redemption Of ont
sta nding national hank notes and the
funds provided In the act for the re-
dempt,on of federal reserve notes.
may be deposited 10 federal reserve
banks which shall act ~ fiscal agents
and that the funds Of the Philippine
lsla nds. the postal Swings and any
other government funds must b~ de-
posted In fedora, reserve tmnks
Section Is provides for the issWa nee
Of federal reserve notes to fpdersi ~
serve banks. r~edeeulabie In gold IN de-
mand at the treasury department ~
IN gold or lawful money at any fed
eral reserve bank The collateral ~
curity shall he notes and hills ats'ept-
ed for rpdiscount under section IL
Federal reserve hanks shalt have Q
gold reserve Of ~ per cent Of theiE
federal reserve notes and shall ma,l-
tain in the United States treasury u
gold a reserve VI not lpss than & pec
cent Of the federal reserve notes for
their redemption
Section II repeats laws requiring ma
tiorai hanks to dppOsit governments
bonds with the United States treasures.
Section IL provides a plan for rettr-
ing the 2 per ent bonds On which the
present currency Ia haspd Under the
plan $25! HNl.lNN worth Ut theSe bonds
will b. purchased each year. beginning
two years after the system IL placed In
operation BY the new regional banks
from member banks On one half Of
its holdings each regional bank may 10
sue currency The remainder will he
refunded in 3 ppr cent thirty year
bonds or 3 per n n year treasury
notes. which the bank must agree %
renew each year for thirty years.
Section 10 Describes how member
banks shall establish and maintain re-
serves
Section q provides for the examine
ton Of each member hank by the
comptroller Of the currency at least
twice q year. for a special examination
of member banks when desired BY
federal reserve banks and for u spe-
cial examination OF any federal ~
serve hank upon the aspiration Of
ten member banks.
The Bottineau courant. (Bottineau, Bottineau County, N.D.) 1895-1929, 1914-01-02

mea M of rpdis-
counting CONNER
Ciai paper. to e.
tRbliSh u more ef-
fectiv super
vision Of banking
In the y nited
States and for
other purposes.
That the short
title OF this act
shall be the fed.
eral z act"
Sec. 2 As soon
a. practicable the
a0opntorv nf fhn
The Bottineau courant. (Bottineau, Bottineau County, N.D.) 1895-1929, 1914-01-02
NAMING RESERVE BANKS.
70 Take Title Of Principal City IN Re-
serve District.

70 Take Title Of Principal City IN Re-
serve District.
The said committee shall supervise
The organization In each Of the cities
designated Of a federal reserve bank.
which shall include In its title the
name Of the city In which It Is situat.
"a. as Federal Reserve Bank Of Chi
eago."
Under regulations to be prescribed by
the organization committee every ma.
uonal banking association In the Unit
Cd States il hereby required and every
eligible bank in the United States and
every trust company within the Dis
trict of Columbia IL hereby authorized
to signify in writing within sixty days
after the passage Of this act its &C.
oeptance OF the terms and provisions
hereof.
When the organization committee
shall have designated the cities In
which federal reserve banks are to be
organized and Fixed the geographical
nmits Of the federal reserve districts
every national banking association
within that district shall be required
within thirty days after notice from
the organization committee to sub
scribe to the capital stock Of such fed.
eral reser-c bank in a sum equal to 6
per cent OF the paid up capital stock
and surplus Of such bank.
Any national bank failing to signify
IT'D acceptance Of the terms Of this act
within the sixty days aforesaid shall
cease to act al 4 reserve agent upon
thirty days notice to be given within
the discretion of the said organization
committee or Of the federal reserve
board.
Should any national banking associa-
hon In the United States now organ.
ised fail within one year after the pas
cage Of this act to become a member
bank under the provisions ~hereinbefore
stated or fail to comply with any of
The provisions Of this act applicable
thereto all Of the rights. privileges and
franchises of such association granted
10 It under the national bank act or IN.
der the provisions Of this act shall be
thereby forfeited
No individual. copartnership Or cor
DoratiOn other than a member bank
Df its district shall be permitted ia
subscribe for or to hold ut any time
more than $4,000 par value Of stock
b any federal reserve bank. Such
stock shall be known a public stock
md may be transferred on the books
n the federal reserve bank BY the
shairman Of the board of directors Of
0Uch bank.
Should the subscription Of stock BY
hanks and the public be inadequate
Ne government itself may subscribe
eoe stock. Stock not held BY member
hanks shall be voted by Class q direc
ogs only.
The Bottineau courant. (Bottineau, Bottineau County, N.D.) 1895-1929, 1914-01-02
RESERVE BANK BRANCHES.

Establish Sub. Banks.
No federal reserve bank shall COM
oGDce business With a subscribed cap
vi less In amount than 100000. h
DC. 8. Each federal reserve bank
The Bottineau courant. (Bottineau, Bottineau County, N.D.) 1895-1929, 1914-01-02

federal reserve act Ii now q
part Of the law Of the land
With President Wilson's sigma.
ture to the new Glass-Owen
currency reform bill the country looks
forward to the practical working u
Of the act. The law Is in part rs fol-
lows:
An act to provide for the establish
Dent Of federal reserve banks to fur
nish an elastic currency. to afford
The Bottineau courant. (Bottineau, Bottineau County, N.D.) 1895-1929, 1914-01-02
PENALTY FOR DISHONESTY.
Tan,psrine With Bank Examinsrs Msds
Criminal Offonoo.

Tan,psrine With Bank Exam'nsrs Made
CRIMINAL offsnse.
Hec. q. No member TANK or any
officer. director Or employee Thereof
shall hereafter make any loan Or
grant any Rratuity to any bank ex-
amtner. Any bank officer. director
Or employee violating this provision
shall be deemed guilty Of u INSIDE
meanor and shall be Imprisoned not
exceeding one year Ut tined not more
than $5.OOO. Or both. may br hn-d = fur
ther sum equal to the mouey ~ u
I'd Or gratuity given. Any examiner
accepting u loan Or gratuity from any
bank examined by him Or FROM N
officer. director Or employee thereof
shall be deemed guilty Ut Y INSIDE
meanOr and shall be ,mprsOn~d not
exceeding u year u nned not more
than $5.OOO. Or both.
Section u provides that national
bank StockhOid~rs shall te responsible
for all contracts. debts and engage.
nents Of their hanks to the amount Of
their stock at par value Id addition to
The amount invested In such stock.
II they transfer their stOe.k within
sixty days before the failure Of their
banks they shall be Tia bic to the same
extent In cave the t~ransferee fails -
meet such liability.
Leans on Farm Lands.
Sec. "a. Any national banking a.
~sociattoD not situated In 4 central
reserve city may make IOans sgx.ur-
ed BY improved and uupnrumbereA
farm land sttn ted within it, fed
eral z district. but no such loan
shall be made for q longer time than
Owe years nor for an mount exceeding
50 per centum Ut the actual value of
the property offered No security Any
such hank may make surh l0spa In An
aggregate sum equal to u per centun
Of its capital and surpiua or u ons-
third Ut IT'D time depAstts. and such
banks may continue hereafter. 40 here
tofore. to receive time deposits and
pay interest on the same.
The federal reserve bOard shall have
power from time to time to add to the
list Of cities 10 which national hanks
shall not he permitted to make loans
secured upon real estate In the man.
ner described In this spt.tiOn.
Section u authOrixes national bank
ing associations tkxs.sxtng q capital
and surplus Ut 81 !WADyHnD or o to e.
tablish foreign branches under the d.
recti0n OF the fedora, reserve bOard.
Ses.ttOn ~ authorizes the secretary
Of the treasury to strengthen the gold
reserve By b0rrUwtnR guild on United
States bonds Of by selling them.
Herti0n u extends from. June 80.
1914. until June al. 1915. the life Of an
act authortxing national currency a.
socfat1ons. the issuance OF additional
national bank circulation and the ere
atiOn Of q national monetary commits
sion It re%nartx certain Onitea
MATES banking statutes amended BY
act Ut May ~. INN. subject 10 such
amendments u qualifications 40 an
contained in the lev currency Jaw, It
amends the May 10. INN, act 10 ~
gard to the taxation Of circulating
notes held By national banking aaao-
Citations and securrd otherwise than
BY United MATES hOndx.
Set'ti0n ~ provides that n any part
Of the art u declared Stnvalj6 81 !
rOurt the Judgment shall n0t assct the
Ven.aindes Ct tn sct.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-03-11
WEATHER FORECAST
Washington Predictions for To.
day and Tomorrow.

For eastern New Work anA Sew
Jersey, cloudy to-day. probably soI.
lowed ~ snow ~ rain ~ wi9ht ana
to-mOrrOw, moaevate, variable
winds. ,ccO min easi.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-03-11
BARES $1,000, 900 STOCK FRAUD.
Es-Pvestdent Of Linen Concern res-
tihes Against seven AssOristes.

Evidence WAS produced before Judge
Anderson and a jury IN the United states
District Court yesterday TO prove that the
sterling Debenturs Corporation sold more
than &l.000O00 worth Of the stock OF
the oxford Linen Mills. Inc. OF Bruokheld.
Mass, before the Sterling officers knew
whether the mills could manufacture linen
by the secret process described in detail
in the stock circulars.
According to the indictment against the
seven officers OF the Sterling company
and the oxford Linen Mills who are
being tried for use OF the mails to de-
fraud. circulars were sent out by the de-
PENDANTS telling how the oxford mills
were TO make linen fibre from flax straw
in twenty-four hours
In q letter written by Frank u
Winchell former president OF the oxford
mills, TO one OF the defendants, Harry
Plat then assistant treasurer OF the
Sterling Debenture Company. Winuheil
admitted that there was uncertainty
about. the process invented by Benjamin
G. Nudge. another OF the defendants,
and warned the Sterling people 10 be
cautious in their statements in selling
stock
Winchcll. who was indicted with tho
letter on the stand and gave other dam
aging testimony.
Winchell told how he was advanced
from s25 week cIerkship in the offices
OF the Sterling Debenture Company TO the
presidency OF the oxford Linen Mills at
a salary OF $1,000 a year.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-03-11
On the
drivers seat in
tho band wagon
Of modern loft
construction

is the newly completed 8
story store and loft build
ing, Nos. ISIS to 1S9 Perry
ST., near Washington ST.
Size 06xlO0.
This superb, heavily con-
structed building is TO lease
either as q whole 10 one
tenant or in separate lofts.
Rent Of lofts SITS 10 $500
monthly.
II is immune from Are.
being thoroughly Rreprooi
and having a 1907 auto
matte sprinkler equipment.
Two r0Omy elevators;
three safe stairways; light,
bright. airy and pleasant;
lowest insurance rates.
Examination OF this
building. which gives the
Are risk the merry ha-ha,
is requested.
Always open for inspec-
ton.
Descriptive pamphlet
furnished.
James n. Cruikshank, Owner
IS Liberty St.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-03-11
OFTEN SOLD nth ST,
LOFT SOLD AGAIN
Eleven story Building at ~ and
~ Purchased by New
Realty Company.
APARTMENT BUYERS
Investing in Uptown Houses
Reflected in Transfers-
Dr. Derby q Buyer.

rra eleven story loft building at ~
AID 70 West Seventeenth street was sold
,r,i, Yesterday for the fourth time In
,,.. than year and the second time
.,,hin a month. Barton Chaplin. who NO.
,o,ta,ed Yesterdays deal figured ~
s,ossr in two OF tho previous transac-
,,ors The property IL sold by the ~ West
seventeenth street Company, which vas
,,,o-rorated In Albany on February 10
nv p. Chauncey Anderson. John II. Iseiin
.,d A.. Livingston Norman. all connected
r,h a downtown law firm. This oom-
r,,v now sells the property to tho q. NJ. M.
rcmpany. which Is headed by Arthur
tur,a The II West Seventeenth Street
company took the property from Mrs.
Mary Philipse sattcrlee and Catherine W.
pn,rpsa. who had secured II last August
rom Robert Il Downing With several
o,ber properties IN part payment Cor the
soencer Arms, the twelve story apartment
ncuse at the southeast conner Of Broad
nv and sixty ninth street. This trade
acregated $4,000, 900. Mr. Downing had
nSish, the building two months previous
,vrn Harry SchifY, who had got II from,
NM Heen L. Offender AsinAri IN a
-sde for the Umbria apartment ~ nhs
,sthwe.t corner Of West End avenue
and Eighty second street The loft build
M Is SO feet on Seventeenth street and
friends toward Eighteenth street - feet
rhAl7 West Seventeenth Street Company
he,dhthe property At $4,000.