davidaulloa/AmericanStories huggingface dataset:
McNairy County independent. (Selmer, McNairy County, Tenn.) 1902-1969, 1915-03-12

The present legislature would
enact some good laws il let alone.
But Mayors Howse Of Nashville
and Crump Of Memphis will con-
troll legislation alone for their
two cities if possible. Memphis
is making a fight for the sale of
beer in that city. Such gall
could only be spewed by such a
corrupt ring as the Bluff City is
controlled by. The members of
the legislature from all sections
save the big cities seem to desire
to legislate for the good of the
whole state. Gov. Rye is all
right il left alone, and keeps him
self free from certain alliances.
McNairy County independent. (Selmer, McNairy County, Tenn.) 1902-1969, 1915-03-12

1t seems like nothing can be
done in the politics of Tennessee
Without one Senator Luke Lea
must have hand, and a strong
one. There has not been a fed
eral appointment made in Ten
nessee that he did not dictate.
He even has mad a say in every
postmaster's confirmation. Why
he sees anything to him in max
ing not only friends but more
enemies, is a question. OF course
it is to build a machine strictly
personal for his election to the
senate next year. Indications
point to his having overshot the
mark, when he goes before the
people.
McNairy County independent. (Selmer, McNairy County, Tenn.) 1902-1969, 1915-03-12

the close OF business March 4, 1915:
RESOURCES
Loans and Discounts $50, 1927. O4
u. $. Bonds deposited to Sc
cure circulation (par value) 100000
Other Bonds pledged to Sc
cure Postal Savings ..... 100000
Other bonds, securities, etc.,
owned unpledged (other
than stocksl, including
premiums on same.. Ia OPS 90
Subscription to
stock of Fed
eral Reserve
bank - 50, 10000
Less amount
unpaid 81 AGO. So S733.34
All other stocks. in
cluding premiums
on same 1913. 00 ,20S. "a
Banking house, 81, 800; furni-
ture andAxtures, 81, zoe ...... 6,5oO.OO
Due from Federal Reserve
bank .......,........... 3,64O.s7
Due from approved Reserve
Agents in Central Reserve
Cities ...... --....Sll ,2ll.53
Due from approved reserve
agents in other reserve
cities, none .......,,......,....,.,,.. 11,2l1.53
Due from banks and bankers
(other than included in IL
and l3) .... .. -.,,.....,......,. 81, 531, 40
Outside checks and other
cash items, none; frac-
tional currency, nickels
| and cents, $50. 10 .. ............ SO. 10
Checks on banks in same
town or city as reporting
BANK ...... ......,...-.-..-..... ....-.-. I0.5U
| Notes of other National Banks l,790 90
Lawful Money Reserve in Bank:
Specie ..................$9,4 92.0O
Legal-tender notes $4,000 10,037. 90
Redemption fund with u. ).
Treasnrer(not more than 5
per cent. on circulation - $1,000
Total $500, 39S. 23
LIABILITIES
Capital stock paid in ......S $50, 100000
Surplus fund ...................... 100000
Undivided profits Si.9 BOSS
Less current expenses,
interest and taxes
paid 81 400. 90. $500. So
Circulating notes. 10000
Due TO banks and bankers
| (other than included in 5
or 81 ............-................ 1882. go
Demand deposits:
Individual deposits sub
| iect to check 6 81 ,674.Sl
Certificates of deposit
due in less than 80
days ................... 43, 1884
Cashiers checks out
| standing .. ........... 3O8.l
Postal Savings
Deposits ..............l J., 528.6
l13, 306.5 81
Time deposits:
Certificates of deposit due
on or afterter 80
days ............... ..S35, 500. 10 35,699.l0
Total ............. S2OO, 39S. 70
McNairy County independent. (Selmer, McNairy County, Tenn.) 1902-1969, 1915-03-12
Elder Freeman's End Round oil
Quarterly Meetings

Gainesville, Buena Vista Mch. 81
Bethel and Selmer, Bethel Mch. 7-S.
Se'mer circuit, Pleasant Grove
Mch. 8.
Enville mission, Enville April l4-15.
Adamsville circuit, Crumps Chapel
April l7-l8.
McNairy County independent. (Selmer, McNairy County, Tenn.) 1902-1969, 1915-03-12
All THE lNVlGORATlNG WHIFF OF
THE PINE FOREST!

How it clears the throat and head
of its mucous ailments. 1t is this
spirit of newness and vigor from the
health-giving piney forests brought
back by DR.. Bells Pine-Tar Honey.
Antiseptic and healing. Buy bottle
today. All druggists 25c.
Electric BitSers Spring Tonic.
adv
McNairy County independent. (Selmer, McNairy County, Tenn.) 1902-1969, 1915-03-12
CORRECT Attest:
Jno. L. Warren,
b. L. Browder,
]. d. A. Coleman, Directors.

5 or 6 doses of 666 win cure any
case of Fever or Ghills. Price, Is
cents.
McNairy County independent. (Selmer, McNairy County, Tenn.) 1902-1969, 1915-03-12
STATE OF TENNESSEE.

STATE OF TENNESSEE, IS.
COUNTY or MCNAIRY,
|. Albert Gillespie, Cashier of the
above named bank, do solemnly swear
that the above statement is true to the
best of my knowledge and belief.
Albert Gillespie, Cashier.
Subscribed and sworn to before me
this 18th day of March, 1915.
rs1 w. II. STONE,
Notary Public.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-06-30

NICHOLAS, but the town held out so
valiantly against the besiegers that
its defence under HAssAN RITA he
came one Of the few memorable
achievements Of the Turks in this
war. To the Mo%ntenegrins Scutasi
is necessary in their ambitious
schemes Of expansion. With the
town in their possession they could
control the lake and open a way to
the sea through the Boyani.
The Serbians are already In cou-
troll Of Durazzo and central Albania,
so that now the two Serb allies are
practically in occupation Of all the
country north Of Elbassan and the
skumbi. They have 10 long set their
hearts upon acquiring this land as
m outlet to the sea that 1t will. no
doubt. be more difficult than 1t was ut
the end Of the Balkan war to deprive
them Of the fruits Of their conquest.
Albania Is. temporarily at least. d.
vided upon the plan that her most
interested ~neighbors had wished for
the Serbs in the north. the Italians
ut Avlona and the Greeks In Epirus
and rhe prospects Of the revival
Of Albania as a nation appear more
remote than ever.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-06-30
A Fair Price for the City Bonds.

Except for the S1OO,OOO,OOO emer-
gency financing OF last autumn. yes
terday's offering Of ST. 100000 Of
bonds bearing Az per cent interest
Is the largest single operation OF the
sort in which New York city has IN
gagged. 1t elected a rather low range
Of bids compared with past issues,
but no depressing significance attends
the bidding. Although the domestic
money market is in a position Of ex.
traordinary ease and although Ameri.
can finance has been gaining remark
ably In strength in the last few
months, the consensus has 6en that
the city would do we'll to Nrceive a
price Of 1O1k.
Two matters in particular affected
the bids. One was the fact that
within the past fortnight Great Brit.
ain has arranged to do its immediate
war financing on a Az per cent. basis
with prospect OF having to raise Its
interest rate later on. The other wa.
the fact that the new offering OF Brit,
lsh war bonds has been dislodging
British holdings OF American securi'
ties and In the last few days the bond
market here has been heavy under ar
Increase of liquidation Of bonds from
the other side, including a fair amour,
Of New York city issues.
1t is likely also that the city fell
some effect Of the squabbles that have
been going on over municipal finance
but the sale supplies no occasion for
pessimism.
The country ia only in the early
stages OF recovery from last years
financial and commercial crisis. and
the city did very well in its larg,
scale venture into the investment mar
ket at this time.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-06-30

$500. 600, 900 Of currency was applied for
by the banks"
While Mr.. MCADoO somewhat exag-
gerated the situation and the correc-
tive under the circumstances, this
does not detract from the sincerity OF
his tribute to the beneficial possibili-
ties of the act itself. All the proof OF
them which could be required was
furnished in the panic crisis Of last
year. concerning one of the features
Of which Secretary McADoo said in
his report for 1914:
Fortunately. the Federal Reserve act
materially modified In several important
particulars and extended until June 80.
1915. the Aldrich-vreeland act. under
and by virtue of which the Secretary of
he Treasury 10 given discretion to Issue
emergency currency to national banks
upon their application and upon their
compliance with the provisions Of the
act. In anticipation of the necessity
large amounts OF this emergency cur
rency were sent beforehand to the sub
treasures throughout the country, so
that upon the opening Of the banks for
business on August 8. 1914. the depart
ment wal able to issue to them sufficient
currency to enable them TO cope with
the situation as 1t developed. .
The Aldrich-v reeland act. as amended
by the Federal Reserve act n by sub
seauent amendment Of August 4. 1914,
has served . mos, useful purpose"
Let 1t not be forgotten that the
financial institutions Of the United
States weathered last year the worst
economic cyclone in history under the
old national banking system and be.
fore banking reform was establi shed
To supplement resources available In
previous crises there was only the
emergency currency act, a product ot
the practical genius Of the late sen.
ator NELSON WLMARTH ALDRIcu for
discharging the chief task of Govern.
ment. which Is to make the institu.
lions of a country work.
Thanks also to the practical "a.
gacity OF Senator ALDRIcH and tn,
indefatigable industry with which h,
paved the way for banking and cur
rency reform. the Aldrich. V reelant
act can now be allowed to lapse; bur
the homage paid to the act BY tn,
present Secretary Of the Treasury ii
a Democratic Administration Is a at
ting commentary on the political OBJ
loQuy encountered by Senator ALpRIcI
in the later years Of his life becaus,
Of the business conduct Of Govern
ment IN accordance with the need,
and nature Of business for which b,
had 20 long contended.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-06-30
John Clinton Gray.

The late JOHN CLINTON GRAY, who
served on the bench Of the Court of
Appeals for twenty-five years. will
long be remembered as a Judge Of
great learning, whose decisions al
ways commanded respect. No member
Of that tribunal stood higher In the
estimation Of the bar from the day
he took his seat as the youngest Judge
until he retired for age. To him the
law was truly a Jealous mistress, He
preferred the hard work and respon-
sibilities Of his profession to the lei
sure and a 8 that he might have en-
joyed, for he was born to a fortune.
All his days Judge GRAY "a a stu
dent Of the law. and his opinions
proved an exhaustive knowledge OF
case and precedent. OF equal Of
greater importance was his intellec
tual independence. There was neve,
a fairer Judge. Litigants knew tina
subtle influences could not sway him
no matter what interests were a,
stake. 40 the bar thought Of JoHs
CLINTON 0RAY 70 the people came t.
think Of him. Whom he was q candi
date for the Court Of Appeals In the
election Of 1883 n- ran far ahead o.
both President Clx.ElAHp and Cover
nor HUI.
Judge 0sAY nsver had any politics
to speak Of. and after taking his ga
on the bench he had nom at all. II,
was a perfect example Of the non
partisan Judge. He was q publ,
spirited citizen a. well as an able
upright Judge. On his social sid,
he was s~insularly attractive. Amoni
his friends he numbered the men VII,
give character and stability to tn,
community. JOHN CLINTON GRAY vii
have sincere mournera.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-06-30
Ar Epitsph on . Statute.

What is known as the Aldrich.V ree-
land act, providing for emergency
currency issues, expires by limitation
to-day. 1t was on the statute books
for five years before there was even
"A suggestion 10 invoke It., and II was
not until last year that there was any
necessity for resorting to the none
tary instruments which II created.
Thanks to the equipment OF financial
machinery which the country pos.
sesses in the Federal Reserve banking
system the AldTch-VHeland act can
be allowed to die, but few laws have
~ unique Il record for serving a great
public purpose in time Of need.
The best epltaph on the act has heeIl
written by a Democratic Secretary OF
the Treasury, the Hon. WILLIAM G.
MCADoo. whose first reference to II
was made in his annual report IN
1913 in the following terms:
"A special session OF Congress con.
vened or April 7 and Immediately be.
gan to consider the important question.
Of tariff and currency reform, A feel.
ing Of unres, began to pervade bushes.
circles. In order to relieve anxiety and
to let the business interests Of the coun.
try understand hal there was no occa.
sion for unreasonable restriction Of cred.
It's, and 20 destroy apprehension based
upon unjust!hable fears and t. assur,
the country that the mears were al
hand 10 cope successfully with any stu,
alton that might arise, the Secretary an.
nounced that there was actually on hand
In the Treasury and ready for lmmedl,
ate delivery to any and every bank com,
plying with the requirements Of the law
$500, 900, 600 In new national bank not.
currency. which the Secretary said h,
would not hesitate to issue under tn.
provisions Of the Aldrlch-Vreeland ac,
of May 80, 1908, 30 completely efec,
tive was this action that zone Of tn.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-06-30

sea. but because serving as lookouts
they are an obstacle to submarine
warfare. In the first two weeks Of
June twenty-one steamers Of the AL
lies were sunk; fifteen British, three
French. two Russian and one Bel
gian. Eleven neutral ships were also
sent to the bottom six Norwegian,
three Danish and two Swedish. AL
together. seventy-three ships were
torpedoed by the Germans In the first
half Of June. Before she was dis
posed Of by the British C-14 ran
amuck among the trawlers, sinking
them right and left.
Assuming that Germany has put
more new submarines into commits
sion than she has lost since the war
began. the prospect Of fixing the men
ace within definite limits must be
exceedingly dubious. II has been
proved that the undersea boat Is about
as hard to find as a needle In a
haystack. Is forever bobbing UP where
least expected, and generally plants
her torpedo In the hull aimed at.
British m may not have been
seriously diminished by the new war
fare, but the policy Of attrltion is
plainly not to be sneered at. As the
Germans are attaining a fair degree
Of Gee in their operations and the
score Of victims Is steadily rising. the
presumption Is the Germans will be
reluctant to abandon or greatly modify
their submarine warfare to please
neutrals. including the United States.
II would be unduly optimistic to rear
a structure Of hope upon ross colored
reports from Berlin.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-06-30
PERMITTING" TAXES.
The BENEFIT which the City Derives
From Certain Exemptions.

To THE EDITOR OF THE SuN-Sr:
What a singular error II was Tor a
writer on Father knicker gen
erosI;y TO intimate that the old gentle
man was a very wondrous philanthro-
DIST 4. that he RENTED taxes on ST.
500, 900, geo worth OF property! 1t Is
no remission for him to let the parks,
schools. prisons. streets. bridges ana
other public property go "untaxed." as
a very little reflection will show. Per-
haps the writer would employ some
hundreds more OF clerks and account
ants TO collect Con the books) the
taxes the city woul pay TO itself.
As a matter OF fact all city property
could very we'll be left ~unvalued, I'M
assessed and unremitted the whole
process is totally needless.
As to the $1,000. 900 or r~hereabout
RENTED TO all manner OF religious,
charitable. educational and p~hilanthropic
establishments. II is the very best in
vestment our city government ever made.
The city thereby actually secures bene-
ATS in return worth tenfold tho value
OF the exemption a mighty good bar
gain for the city and the hard pressed
taxpayer.
Aside from the intangible but none
the less real and c%alculable benefit the
city derives from the good bargain In
the exemption, IT Is quite susceptible
OF proof that the entire remission o!
1000. 900 on all the $3.50, 900 900 worth
of exempt property il returned 70 the
city by the parochial school system now
educating l4O, 900 or 10000 pupils who
would in public schools cost the tax
payers sts-S5O each a year. So much
FOR the other side OF the account from
merely one OF the items in the list of
exemptions. The exempted properties
are liabilities to their owners. very fai
indeed from income producers.
II IA therefore a grave error 20 as
sert that $4,000 900. 900 worth is ex
empt When at most IL Ia $3.50, 600. 900
with some very strange inequalities II
valuations In the list and common fair
ness requires that the actual cash saw
Ing to the city by reason OF schools
asylums &C, be set against the $1,000.
900 exemption" The latter then melt,
away to nothing, showing even a proht
ROBERT p. GREEN.
Nrw YoRK. June %
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-06-30
,Frightfulness.

How stern and pihless Is the Ger
man nature the Sons of Teutons, a
Chicago brotherhood whose object IL
TO keep other and less fortunate Amer
leans straight in international politics.
has just demonstrated anew.
They arranged for Mr.. BRYAN to
discharge under their patronage one
speech Of the usual dimensions. They
hired the hall. They bid the guests
to make themselves ready. And
then. having perused the outgivings
Of Mr.. BRYAN at Madison Square,
the Sons Of Teutons with malice
aforethought, deliberate intention.
and fendish cruelty, choked of that
great orator, locked the doors Of the
meeting place, recalled the invita-
tons, and inhumanely deprived hin,
Of an opportunity to ease his bosom
Of his message.
After this exhibition Of frightful.
ness the world will believe almost any
tale about the Teutons.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-06-30
WHERE THE G. o. p. WAS
FORM.
OficIal Recognition Of the Claims Of
Jackson, Mich, Recalled.

To THE EDITOR OF THE SUN-Sir: With
reference to your editorial article Of to-
day. Where was the Republican Party
Borng' there are people who believe the
party was born und the oaks at
Jackson Michigan. in June. 1854. when
a mass convention of freemen assembled,
adopted a platform In which the name
Republican t%suggested by Horace Gree
ley to Editor Warren Of the Detroit
Trbune) was used for the FIRST time by
a State gathering.
The ticket then nominated was elected
by the Republicans. The name was
speedily taken up by other State conven-
tons. In 1904 the fftleth anniversary
Of the birth Of the Republican party was
celebrated at Jackson. Secretary John
Hay made h principal address and
vlre-president Fairbanks and Speaker
Cannon made addresses.
There was then no question as to the
place OF birth. Is there now?
CHARLES Noon.
BosroN, June 20.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-06-30
DR.. Meyer erhardfs Misconceptions

Judging from an interview with DR..
ANTON MEYEa-GE8HARD printed in Der
Tdo Of Berlin and transmitted by
Sayville wireless yesterday. Ambas-
sador BEaSsToRrT's envoy is not 40
happy ~ be might be in interpreting
American sentiment. He reports that
Americans condemn both Gernany's
invasion Of Belgium and tho sinking
OF the LusitaniA. They n unable"
says the doctor. TO understand the
German ideas on these points Just as
Germans are unable to understand
why Americans should travel on am.
munition carrying ships" This is an
unfortunate comparison. The viola.
ton Of Belgium's neutrality has been
admitted in high German quarters,
and the only question Is whether the
plea Of military necessity al be en-
tertained. The great body Of the
American people answer IN the mega
tive. They also believe that the sink
ing Of the Lusitania without warning
was ~lndefensible even II she did carry
some ammunition, a fact unknown to
.ha American passengers, who there
fore are no factor in the ca Sc which
Germany has officially sought to I'm.
provise. DR.. MEYER-GERHARD's paral.
lei is no parallel at all, but a distort-
ing sophiJtry.
Where does the distinguished en-.
voy get his idea that the German
American newspapers in this country
have remained neutral? Nothing
could be more grotesque. II the
American newspapers printed in Eng.
lish have not pleased him by their
comments upon the causes and fea
lures OF the war, they have regularly
printed the news from both sides as
they could get 1t, including the Say,
vile dispatches from Berlin.
Most surprising Of all Is the doc,
tors statement that the American PEG,
pie are opposed to the sale Of arm.
and ammunition TO the Allies, and
would 80 record themselves II a refer
endum were taken. The American
people view the question Of export
ing munitions Of war as one Of inter
national law, and IL the German.
could run the ~so-called British block
AIDE the American people would hav,
no objection to the sale Of ammunition
to the Imperial Government for the
use Of the German armies in the field
1t is misleading to declare that opin
ion In this country is opposed to sale,
Of war material to either side tina.
can pay for 1t and ship 1t across tn,
Atlantic. There Is another thing {,
be said II DR.. MEyER-GERHABp wer.
right In his view of a referendum a,
stated by Sayyille wireless. how could
he reconcile 1t with his conclusion
thnt the American press has showi
sympathy with the cause Of the Allie,
and Is therefore not neutral?
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-06-30
The Serbs In Albania.

The Montenegrlns have marched
down from their black mountains
and, according to reports, have cap
tured Scutarl, the largest and most
important town of Albania. Since
renewing the warfare after almost
six months Of inactivity they have
directed their campaigns against the
northern part Of thar helpless conn
try, defeating the u~norganizcd bands
Of mountain tribesmen and taking
possession OF the Adriatlc port of
Medua and Of Alessio, sacred to the
Albanians as the burial place Of their
hero ~SCANDERBEG.
Scutari Is THE Hearts Desire OF
the Serbs" During n period Of 7oO
years 1t was more or less under Ser
bian rule. In the Last Balkan war
Its capture was the task set for King
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-06-30
Keep to the Right, Ladies'!

To THE EprroR OF THE SrN-SE:
got an awful slam in the map from
a militant looking lady who came out
OF the wrong door in the Public Library
the other day. When ! meekly sug-
eested that she should keep to the right
she dismissed me with an Away. slight
man gesture that spoiled my day.
| want to know what IL going TO be
done about this. In my opinion an
emergency exists, has existed Tor som.
time, and I'll he gosh blamed II they
get a vote out OF me until there is as
surance that they will enact some such
legislation as the following
All ladies', perfect and otherwise,
must keep to q a right.
This act shall take effect immedl-
ately.' w T
BROOKLYN, June 80.