davidaulloa/AmericanStories huggingface dataset:
The Bennington evening banner. (Bennington, Vt.) 19??-1961, 1915-04-28

EOR SALE-l9l5 Maxwell touring car. dem.
Il onstrat tor; 1914 Maxwell touring car and
roadster; 1915 latest style Ford. w. M. Mar
shall, North bennington. 5s.5
The Bennington evening banner. (Bennington, Vt.) 19??-1961, 1915-04-28

vVNO RENT-Fully equipped machine shop
OF offices over Woolworth store, 459 Main st.
Several desirable enemente centrally located.
Geo. NJ. Hawks, 435 Main st. 8tf
The Bennington evening banner. (Bennington, Vt.) 19??-1961, 1915-04-28

ITO RENT-One four room tenement, up
l. stairs, on North street. Also tenement
down stars on Mckinley street. Clarence
Chandler. Phone 3I2-il. 63t6t
The Bennington evening banner. (Bennington, Vt.) 19??-1961, 1915-04-28

Pupil nurses a. the Taunton
w State Hospital Training School for Nur-
ses. For particulars, address Dr. Arthur "
Goss, Supt., Taunton State Hospital, Taunton,
Mass. e0tf
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-05-09

Riggs & Co. in 1896 became the Riggs
National Bank those relations We're
continued. and they Will continue So
long as am on deck | grew up, !
might say. among our dcpostors and
talked To- great many 81 them every
day Members Of Congress had ac-
counts with us. and hundreds, yes,
thousands Of them have been my
warm personal friends.
"Charley'- j. C.-Han. one of
the most eminent physicians of his
doors in the even ny. II IL AT night
that the m.asmatic vapors are thrown
cfr hy the swamps along the Potomac,
and II you sit out Of doors you Will
get malaria
The whole southern edge of tho
city in those days was uriuhah.tahle
People were afraid 70 I've along the
waterfront. WASHINGTON was known
far and wide as an unhealthful and
almost pesti.ential place.
Il thought about the subject great
deal. There Is no use going into de-
tails but determined in 1850 To re-
claim the Potomac ilats, feeling sure
that my acquaintance with members
of Congress. army engineers and other
officials wouLl crown my efforts and
the efforts Of my public spirited asso.
GATES with success Eut didn't fore
see the visible and invisible opposition
of the railroad companies To- the project
The battle lasted for seventeen
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-05-09

resulting from the European war have
kept most OF the Ministers ~ Finance
or Secretaries OF the Treasury too
busy for them to leave their own
countries. They ara engaged In cut
ting down the budgets. avoiding def
ic!ts, searching new sources of rv-
enuc and providing means To meet the
interest payments on their public
debts
In two or three instances this eN-
PLANTATION has been frankly given as
the reason for the failure % the Min
lister OF Finance 10 be one OF the dele
gates. To those familiar with the sit
uation in several OF the countries the
explanation Is amply sufficient.
The list Of delegates appointed in
surcs noteworthy conference. be-
cause II Includes men Of broad expc-
riencc not only in fnance and in
banking and business problems, ds
the Invitation requested, hut In inter
national relations generally. Among
the delegates are several Cabinet ofii-
GERS and former Cabinet officers who
hold or have held the portfolios ~
finance. pubic works and foreign
affairs. There are also former
members of the national assemblies
or congresses and those who have
represented their countries In Giplo-
matte and consular positions. There
are. moreover, actual bankers and
inanCicrs.
Secretary McAdoo and the dele
gates OF the United States will hnl
that the delegates as a body and as
individuals are men OF affairs. They
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-05-09
A banking thoroughfare in
Lima, Peru.

which the sessions OF the conference
were held was named the Monroe PAL
ace by the Brazilian Government, az
a tribute to the permanence OF the
Monroe Doctrine. This conference
gave much attention TO international
legal questions.
The next conference was he'd at
Buenos Ayres In the winter OF 1910.
II discussed many important pan-
American subjects, but confined Itself
to the adoption OF a few resolutions
and to making comparatively few
recommendations. Prof. John Bassett
Moore was a delegate to this confer
ence. and among his colleagues were
Prof. Bernard Moses OF California.
Prof Paul Reinsch OF Wisconsin and
Prof David k!nley OF Illinois, so that
the American delegation was composed
Of scholars rather than business men.
However, practical subjects were not
ignored.
The fifth conference was TO be held
in Santiago last November. but the
general disturbance of governmental
affairs growing out of the European
war and the uncertain position Of
Mexico caused its postponement
There have been a number of special
Pan American meetings. some Of them
in pursuance Of the recommendations
OF the general conferences and some
Of them initiated independently.
These have included scientific. sanitary
and jur.d!cal congresses. All these
meetings, however, have been through
joint action of the different countries.
The coming Washington conference
differs from all previous meetings in
that II is not one Initiated and car
ried forward by common acton OF the
various republics, The United States
initiated 1t and = the host. Congress
granted the authority in providing an
appropriation of $4,000.
Secretary Bryan. in pursuance OF
this authority. cab!ed the American
Ambassadors and Ministers in the DIFF
fcrent countries instructing them TO
extend. in the name OF the Pre- sident,
an invitation to the Governments to
which they were accredited 10 appoint
delegates, not exceeding three in NUN
ber 10 attend conference with the
| Secretary OF the Treasury in Washing
| ton. This conference, Il was explained,
would be held with a view to ostab-
l.shing closer and more satisfactory
I financial relations among the repuo-
lies of America. and 1t was hoped that
the Ministers OF Finance Of the reSpec-
tive Governments would be able TO at
tend as delegates. The diplomatic
representatives Of the republics IN
Washington were also invited to at
tend in add ton to the members Whose
special appointment was invited.
The Governments OF the different re-
publics have met the invitation in the
cordial spirit in which it was eX-
| tended. though not more than half a
dozen of them have been abb to send
their Ministers OF Finance. But there
| is a good reason for this omission
The financial and commercial troubles
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-05-09
Directors room in the Farmers Bank Asuncion
Paraguay.

will also learn that almost withou;
exception the visiting delegates speak
English.
While the different Governments
have been apprcciatlve and while the
comment of the press has been
friendly. the attitude nevertheless has
been one OF waiting or OF reserve.
There have been few suggestions re-
garding the work Of the conference.
This is a courteous recognition Of the
fact that the United States Is the
host and that guests are not expected
10 offer suggest ms until the host Is
heard from. When the programme X
laid before them they VIII be ready 20
discuss It freely.
What might be called preliminary
programme was conveyed in the gem
cral invitation, bu, this was not dcfi-
mite enough for the guests t. fee! free
10 make observations on II. The invi-
taiion stated that in addition TO the
problems OF banking. problems Il
transportation and commerce among
the various countries represented
would he discussed. The intimati1n
therefore il that the United States
considers the financial and CONNER
clal relations between !tseH and the
other republics as problem Never
thelcss, under previous administra-
tons some progress has been made
toward the solution OF these problems.
Several Of the Latin American
countries do not consider banking as
problem in Itself. though their mon
ctary systems may be more or less
Of a puzzle. Finance Is a science
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-05-09
CHARLES CARROLL OVER THE BIG FIGURE IN THE RIGGS

Mr.. Taylor paid me 800. NV wages
were to he $l25 the second year. In
stead MIR. Taylor gave me sl75.
When half way through the third
year obtained n place in The Riggs
Bank. MY pay was jumped to $50 "A
month. Mr. Riggs Informed me that
WAS to make myself useful ! rc-
membered Mr.. Taylor's advice and
went from desk TO desk. Offering my
services to clerks and officers alike,
Also ! learned the names and sig
natures OF our dcpositors. and in the
evenings dropped into their places Of
business to look them over and study
their methods. II was not long before
carried their daily balances In my
head. Little by little the men in the
bank got in the habit Of coming to me
for information. Young as | was.
became somewhat Of an expert on
credits. No dishonest man has yet
fooled me into believing that he WAS
truthful and square,
Then one beautiful summer morn
ing our paying teller went of on a
vacation. lie had been keeping MS
right along until r, q or 7 o'clock N
the evening because OF the errors he
made in his cash account. Well, | was
given his work and my cash was set .
tied the first day AT Ave minutes past
3. was never later than 800 O'clock
When the paying teller left the bank |
got his place.
in 1873 Mr.. Riggs took mo into
partnership, giving mo an eighth ~
the profits. l was 81 years Old, but |
had made myself master Of the bust
ness. In the meantime every man
who came into the bank was Cour-
teously treated, | played no IA
vorites. A negro messenger from one
of the departments was customer In
my view and as such was on n footing
with Senators. Judges and Ambassa-
doris.
, I'VE were private bankers then and
all classes Of people, rich and poor
consulted us about their real estate
and other investments. Naval officers
going to sea, would leave the finances
Of their families in our hands one
~ the most pathetic letters ever re
ce!ved was written at the railroad
station in this city by an old army
officer, suddenly ordered away on {
dangerous undertaking.
81 have one daughter ne said
Look after her II anything happens
THE relations with our customers
you see, were very intimate. WheI
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-05-09

man to the cashier. William Pitt Kol-
logs famous in Louisiana reconstruct
ton history. was in conference win
one of the vice presidents
Ambassadors. multimilionaires. do
mestic and alien; widows of railroad
men and manufacturers novelists, law
yers. newspaper men, physicians, the
idle rich and the Industrious poor go
to Mr.. Glover for advice about invest
ments. He Is the father financially
OF everybody. having begun his
fatherhood toward the public when ne
was 10 years old. First, he was
paternal toward Washington. by and
by he took in the whole nation. And
he is proud of the relationship.
There Is no other bank exactly like
tie Riggs Bank perhaps and no other
banker like Mr.. Clover. Formerly tho
hank was "A private institution and
was owned by William w. Corcoran
and two men by the name of Riggs
Elisha and George w. II became
nationally prominent by floating the
Mexican war loan. The Government
sold 1000 900 Of the bonds through
the bank, some Of the issue to foreign
investors, Mr.. Corcoran himself going
abroad and transacting the business
Stewards folly" or the purchase Of
Alaska from Russia for $4,000 600,
was negotiated financially by the
bank. The checks in payment of the
$50 900 900 to Spain at the close Of the
war with that country also pa sscd
through the Riggs Bank, as did the
checks for $l2,S00, 600 given not LONG
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-05-09

,,. t, 49,. -, 49,. ,.,.,.aa
i'o''' i-'''N",n "'S 800, 49,. w.
10 t', tlein o ". ~ -, sonn a.,
70 -, g., 49,
20" ,,, - 60
'.o'He ma ,,
go.
'''' SUI W.
president L!rcoIn' MS son to'd
me, always wanted 70 kho" Whefe
the soldiers ne saw III the s'ree'S
came from 'he summer MORNING.
while riding from IN" soldiers Home
10 the Nhltc House ne stopped ms
harouche ana stepping rleht over IN"
door |" the sidewalk asked cor
poral, pointing al the same time 10
line OF marching troops
"'What - this?'"
THE corporal, scarcely looking at
the President, replied Why, that is
regiment Of soldiers, you damned
old fool
Lincoln laughed over tho incident
many times afterward and often Won
dcred II the corporal ever learned that
mander in Chief OF the Union army"
There Is a story" | said, "ahuut
Daniel Webster, who"
Yes" Mr., Glover answered. "tho
anecdote has become Washington
classic. 1t Is related that Daniel met
Rufus Choate one day, while the for
mer was Senator and the latter a
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-05-09

which many q. them have studied
in It's detached sense as we'll as in
It's local application. The fundamen-
tai principles are as W. II understo God
In Santiago or Buenos Ayres or Rio de
Jane!ro as in London or New York.
was in Chile when the bill for the
federal reserve law was under dis
cussion by Congress. one OF tho
leading papers was running series
Of articles on the subject. These ar
tcles explained the currency system
Of the United States. the national
bank act. the defects which time had
developed and the leading principles
which IL would be necessary to en-
body in order TO provide a currency
system that would he adequate TO the
business OF the country. A descrip-
ton OF the old United States BanN
with some sidelights on Andrew Jack
sons character as a politician was
also given.
The exposition in Spanish Of the
whole question in this newspaper was
much easier reading than anything
] had found in English. The news
paper was owned by banker promi-
nent IN Chilean public affairs, whose
newspaper property originally grew
out Of his banking business. but this
was not the reason for the fulness
with which the subject was discussed
The reason was that there was a
reading constituency which was
enough interested in the question to
call FOR n full exposition.
Discussion of tho proposed legisll-
ton In newspapers IN Lima ana
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-05-09
Cordova branch of the Bank
of the Argentine Nation.

the making OF advances for the ham
ding OF the crops.
The Bank Il the Nation has de-
posts Of 1881. 100000 Its savings de-
posts are sos 600 900, and the savings
dspositors number li6.500. Ten years
ago the .oans amounted to sil0o0.00o
while now they aggregate s211oo0, 900.
So II may re said that banking is
understood in the Argentine Republic.
ono of the delegates IL n director in
this bank.
The land and mortgage baAk Is
favored In several of the countries.
In Paraguay, for example, the Banco
Agricola. or Agricultural Bank, with
! headquarters at Asuncion. is leading
| financial institution.
The so-called foreign banks Of the
South American republics represent
| large proportion of the banking cap
! !tal invested in those countries. and
| they also have their full share OF the
deposits. They take their names from
| the nationals ~ the different countries;
that IL. Anglo or British. German
Transatlantic. and SO forth. These
banks are organized under the laws
| OF the inherent 'iillAl ~ eNoA' III '''''N
respect do not differ from the do
meStic banks. Any group OF capita
lists. for example. can organize bank
in Buenos Ayres provided they OBJ
serve the legal requirements.
II Is likely that the Washington
Administration in sending out the in
vitat,ons TO confer on the problems of
banking meant banking In its inter
national aspect rather than In it's lo-
cal purview. The banks in the differ
ent countries are the essential means
of establishing the closer financial re-
lations which are sought.
a forward stride was taken by tn
United States when provision was
made in the federal reserve law for
establishing branch banks in foreign
countries. The action taken by NV
York bank In establishing branches
in Ruenos Ayres and Rio de Janeirc
has met with a swift response.
\ field for these branch banks is ir
promoting dollar exchange as against
pound st Ring exchange. American
commerce is helped when the dollar
instead Of the pound sterling j. the
common denominator Of values. This
tendency Is already noted. one Of tn
best means OF increasing trade hetweer
the United States and the other -
publ!cs ia to have the transaction
based on dollars.
The proposition for a common Pan
American dollar may come before Thu
conference for discussion rather thar
with the expectation that any practi
. cal measure can be worked out, Thu
subject is. however, an attractive on'
on its sentim ntll side. \ s'rik!nl
design has been made for the Pan
American dollar.
The problems OF transportation an'
commerce are related 20 the problem
Il establishing closer financial rela
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-05-09

7NHE lawsuit between TIE Riggs
National Bank of Washington
81 otherwise. in reality, Charles
iGk Carroll Glover-and John
T ,Hkelton Williams, Comptroller of the
=, Currency. is set down for a hearing
= pext Wednesday in Washington. Then
the public may get what it has rarely
had' chance TO become acquainted
; with Mr. Glover, for he is little known
TO the general public, although one
" Of the most prominent business men
f; lot the national capital His influence
has been far reaching in other mat
! tors besides finance.
e IL have asked ten thousand favors
OF Senators, Representatives, mem
:, 1bers OF the Cabinet and Presidents"
Mr.. Glover told the writer, but al
ways Tor other persons and never for
myself"
The word favor" to him has a pc
culiar significance. For instance, he
=. thought it personal favor when Con-
Il gress, after long campaign on his
= part, passed what Is called the emer-
j. gency currency law. That law has
3 been attributed to the constructive
genius and skilful management of the
late Nelson w. Aldrich, but Mr.
!. Glover had an important part in franz
ing Il.
% Mr.. Glover loves achievement-to do
- big things Men who know him say
,,'that he is never. seemingly, conscious
s70f obstacles. He toiled for seventeen
4, years happily and hopefully from first
i TO last before he saw the signature
' of the President to the law which
, turned the swampy and disease
spreading flats of the Potomac into a
!" grassy and tree covered park.
p Though he will soon be 50, Mr.
Glover is as erect and martial in his
carriage and hearing as a colonel in
the cavalry. His gray mustache IL
"clipped close to MS lip. His blue eyes
y are full Of the lights of humor. kind
q, aecS aHo courtesy. For nearly fifty
years he has been the financial coun-
y sellor OF judges, Legislators, Presidents
and Cabinet ministers.
The day ! interviewed him | saw
" the Chief Justice Of the United states
!. Supreme Court writing a check at 4
pubic desk side ny side with in,
- proletariat, The Minister Of Belgium
WAS at the window OF the payins
teller. Rear Admiral Charles II
:, Stockton OF the navy was making {
:. deposit. Major-Gen. Adolphus w
"a Greedy Of the army was introducing I
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-05-09
Ignacio Calderon, Minister of
Bolivia.
Francisco ]. Peynado. Minister
of Dominican Republic.
Roberto Ancizar. Secretary Co.
lonbian Legation.

Buenos Ayres and Rio de Janero,
which came to my attention. was as
intelligent as that in Chile. The pur-
pose of this statement Is simply TO
show that the principles OF finance
are understood in South America as
well as IN the United States. and the
delegates to the Washington confer
ence will not need instruction in them.
The application Of the principles OF
finance by some Of the Governments
10 banking has been along the line
of the Bank of France and the Bank
OF England, but there is no institu-
ton in South America exactly like
these banks. Several of the countries
have conversion bureaus or banks for
maintaining the parity OF their paper
currency with gold. but these do not
conduct ordinary banking operations.
Several OF the republics maintain a
kind OF partnership with the banks.
yet without making them purely Gov
eminent institutions. In Bolivia. for
example. the Government owns stool;
and names directors in the Bank OF
the Nation, but the majority of the
directors are selected by the share
holders.
In some OF the countries the system
Of central bank with branch banks
somewhat similar to that of Canada
obtains. The most striking example
Of this kind is the Bank OF the Ar
gentine Nation, with headquarters in
Buenos Ayres. This is one OF the
leading financial institutions Of the
world II has branches ,hrnupbou,
the country. Among its functions is
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-05-09

cruise IN the West Indies wiz So're-
tary MetCalf of the navy A. cN'1
mot Mr.. Taft, Secretary 81 Var d'i
Mr.. Cor,elyou, Secretary of ~" Treas
ury, on the street.
Hello. Charley Mr.. Ttf' r1."i
out, lend me a million dollar. f'r
million years without Interest up .e'
curity.'
80, with some nonsorse hack ''t
forth, the big subject ~ tie dag "''
mentioned.
There is a panic coming sad
hut it Will be among bankers tr3 'N
among the people.
mfr. Taft soon left vs. and VI cor
tclyou ard | stood in the street am
talked over the situation.
II left Washington that n,E1'
When we reached Charleston. : ''
the following day. whore q % '''
waiting, We learned thtr 'n.r' W1- :
panic In Wall Street Blt nH~ 1.t
was prepared, no matter wat '.'
pened. and We sailed ~ .u'
Atlantic, on our return . VAS -
ton ! told Senator A'lr',r -I.t
Cannon and other leaders $50 .".- -'
OF my plan. Aldr.ch was '.', N
.ng on a plan Of his own t.' N..'
to establish great gc.''. IL
Washington.
After numbers So cuut'..
an imncnsH amount Of No. o..
was passed authnr.z.ue ~.
$500, 900 900 OF cmCrEtu. s.
The law, in my op,n.rD. saw.
country from having '." g.
since the foundation ut pill, '.
mont The money was ruN..'
ing ready no one wanted =
Eve hundred milI.'' N. n
was not enough in my 'l.-0
was at my suggestion thar
was amended Mt the Ol'h''tr .'
war in Europe and author ..'
given for the ISSUE Of about -"
tons Of emergency curro0.N N~' "
as I think. the Emitted states r.' -'
ccssfully a financial situa' on 1872. .'
, allolod in all history.
"Now wasn't nj any tine
cerncd about our own bank We
safely fortified throucNu9' ''
thinking of the whole naHNn- -Fs'''"
I ! have n-Nrr seen dnyth:"= g.
public lahors hut In" UNu'1 "'''''
and tho city ~ Wash!nG'on y"
! ! say. but reluctantly, ONLY say "-
/ II because have been attacked
| (CopVri0ht 1915, by James n. N"'o''
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-05-09

History Of Past Confer.
ences Since the First
Was Convoked bv
James G. Blaine in
l689-Banking Prob.
lem Now to Be Me;

tons. There is as much difference n.
opinion among the Pan America,
countries In regard to national poy.
cies for developing the merchant ma.
rine as in the United States.
Generally Government aid in tho
form of subsidies has been given. ard
in one instance a proposition was
made to the United States for a io,n,
subsidy for lin, through the Pan.
anna Canal. Brazil has Govornnen,
ownership. the Government HAVING
taken over "a heavily subsidized urs
after it's failure. Whether the Gov.
ernment ownership IS an inprovcmcr,
Is not apparent.
Chile subsidies line TO Panama
and the national policy encourages
this form OF aid to the merchan, ma.
rine.
Peru after heavily suhsldizinr
line to Panama and becoming a bar.
owner took over the whole ENTERPRISE
The problcm of commerce is ~ FIR
reaching that only some OF its lead.
ing factors are likely TO be dwell, n
at the conference. The South Ame-.
leans and the Central Americans
sometimes complain that - the
United States little is known thar
natura! resources. which are lass
OF their purchasing power Hr,ns
the last few years, howev ns.d.
cradle progress has been " Il cdu.
eating the people OF the States
as to the natural wealtl ne cour.
tries to the south Of us a..,. heir pros.
pective development
The immediate problem Is 10 find
the way for the United States TO al.
sorb larger quantities OF the products
o. these countries which have Ieen
thrown back on them through the IN.
terruption Of the European market