davidaulloa/AmericanStories huggingface dataset:
The Challis messenger. (Challis, Idaho) 1912-current, 1924-06-11

respective deposits. to pay the losses
incurred by failures. For a time al
went well. The prosperity incident to
the development Of territory, recently
opened to settlement, prevented fail.
ures. But the def1ation of 1920-1921
brought about crisis in the guaranty
system of Oklahoma. In November,
1921, the failure of the Bank of Com
MERGE Of Okmulgee brought the esti-
mated total liabilities of the Oklahoma
Guaranty Fund up to $3,354,O00. Guar
anty fund warrants drew per cent
interest, under the law which then
existed, and this meant that the inter
est charge alone, on these outstanding
warrants, amounted to two-thirds of
the maximum possible annual assess
ment.
Failure and Repeal
Other banks failed in the following
months, and the plight of the State
guaranty fund became hopeless.
State banks surrendered their state
charters and entered the national sys-
tenn. By January, 1928, deposits in
Oklahoma state banks were only
$7S,000,000, only half the total of No
vember, 1921. This was the condition
when the state legislature convened,
and, after various attempts to relieve
the situation by one Of several expe
dents, the law makers repealed the
guaranty sections of the banking law.
This is the story of the Oklahoma
bank deposit guaranty, which was
born, lived and died in the brief space
of fourteen years. In that time the
Oklahoma plan was adopted. with
some notifications, by seven other
states. In none of these has It been
abandoned as yet. In every instance
It has been subjected to severe strain,
and in most of them the question Of
whether or not the guaranty fund can
pay existing obligations is somewhat
doubtful. My own state, Nebraska,
am thankful to say, is not one of
these.
The guaranty of bank deposits failed
in Oklahoma and is threatened with
failure in other states because it was
not what 1t pretended to be. and
furthermore, because it violated sound,
economic law. The so-called guaranty
is not, in any state, what its name i'm
plies. 1t is not in fact guaranty It
is an insurance plan dependent. as are
all insurance plans, upon the suffici-
ency Of the premiums which may be
paid. Experience has proved that the
The Challis messenger. (Challis, Idaho) 1912-current, 1924-06-11

I premiums are not suficient-and yet
the insured cannot afford to submit
to higher premiums. Conceived IN
economic sin, born In the midst OF
economic iniquity, the bank deposit
guarantee in Oklahoma went the way
of all similar attempts to overcome or
defy the natural law of economics.
And yet we have today in the Con-
gress of the United States Repre-
sentative of the State of Oklahoma
who will-if he has his way-foist this
ubiquitous, impracticable system upon
the National Banking System.
Integrity Cannot Be LegisIated
The fundamental difficulty with the
insurance of bank deposits-to apply
the correct name-is that it is an at
tempt to create integrity and financial
ability by legislative act Depositors
in many instances we're invited to &C
cept, as their principal assurance OF
safety, a gilded sign upon the bank
window, "This bank protected by the
state guaranty fund" This protec-
ton, it has been proved, was not ade-
quate; mere words were not a good
substitute for individual responsible
ity, supported by stocks of gold or cur
rency. No longer was there pre-
MUM upon the character of the bank
er; no longer did depositors feel the
necessity of giving preference to men
of character when they selected their
banker They felt that the guaranty
fund took the place of that But the
guaranty of bank deposits in Okla
homa failed-as all efforts to substf-
tute governmental dictum for integrity
and ability must fail.
The Challis messenger. (Challis, Idaho) 1912-current, 1924-06-11
COW-SCALPERS

In Wisconsin the State Bankers AS
ISOLATION is employing man to give
his entire time to the agricultural
work of the association. His major
activity is along the line of marketing
dairy cattle. He is constantly in touch
with the stock for sale in all parts OF
the State and is in position to refer
prospective buyer to stock Of the
breed and quality desired. He has
the assistance of reliable field men
who are good judges of dairy cattle.
There is no need for any farmer to
fall into the hands of INSCRIPTIONS
"cow scalpers" if his bankers will only
take an interest in helping him to
make the right kind Of connections
Banker-Fdrn,er.
The Challis messenger. (Challis, Idaho) 1912-current, 1924-06-11

expenditures amounted to s17.270.00,
while the same costs for the 1924
term totaled but s14,920.00, thus show
Ing a reduction in costs during the
year just closed Of approximately 81
$4,000.
attention. was devoted to the bonded
indebtedness of the district and the
necessity of building up adequate
sinking funds for their retirement
without delay. The borded indebted
ness of the district stands at $4,000,
consisting of ar, sS,OOO00 refunding
issue and s45.o0O.O0 building issue.
As both of these issues were floated
il, 1922, Is years remain in which to
redeem the same. Taken over such
period, these bonds will demand an
annual interest payment of approx
mateiy $4,000 and a redemption
payment of app oximately 100000,
which, computed on the Districts pro-
bable valuatiorS will require Az and
Az mill levy respectively, or prefer
rably conlbinedsleyy sof g. mills.
During the life of bond issue, the
interest car we'll exceed the original
bonded Indebtedness, so it is urged
that ample striking funds be set IL
at orce. Such a find n p-Tbcbly be
made to carry q per cen gre ter iIr
terest rate then the bond interest ard
under such ar, arrangement will soon
accumulate to a figure where it will
bear the bond interest costs without
additional expense to the district.
The audit was performed by L. w.
Defenbach, member of Byron Defen-
bach & Sors, who are the pioneers
IN this class of service in Idaho.
The Challis messenger. (Challis, Idaho) 1912-current, 1924-06-11
PHILIPS
cousin KILLED

DR.. r. W. Philips returned the lat
ter part of last week from Idaho Falls,
where he went to attend the funeral
services of his cousin, Neil Slmpklns,
deputy sheriff, who was killed by an
alleged bootlegger on whom he was
serving a warrant. The murderer es-
capped and eluded his persuers for al
most four days, finally surreadering
to the authorities.
The Challis messenger. (Challis, Idaho) 1912-current, 1924-06-11
An Uneven World.

It's an uneven world. Some men
ponder over whether they shall invest
100000 that day and others over
whether they "can wear this collar an
other day."
The Challis messenger. (Challis, Idaho) 1912-current, 1924-06-11
No Whit. House for q. w.

George Washington was at no time
an occupant Of the White House. The
structure was commenced In 1892. but
net completed until 1901. when 1t
was first occupied by john Adams
The Challis messenger. (Challis, Idaho) 1912-current, 1924-06-11
Lot to Contend With.

Mr.. Gnaggs-"Do you remember the
woman in the Bible who was turned
into a pillar of salt?" Mrs. Gnasgs-
''Yes, and also remember that she had
a lot to contend WITH"
The Challis messenger. (Challis, Idaho) 1912-current, 1924-06-11
Headlines in America.

Half the fame of visiting celebrities
in America is headlines. If they only
knew it. They don't get such head
lines in Europe
The Challis messenger. (Challis, Idaho) 1912-current, 1924-06-11
starched Iona AGO.

History verifies the fact that the
practice of starching, which came into
fashion In England 10 the reign OF
Queen Elizabeth, was invented by a
Spanish woman about the middle of
the Fifteenth century. She wished to
hide a blenish on her neck with an
enormous ruff. f~s-.
The Challis messenger. (Challis, Idaho) 1912-current, 1924-06-11
NOTICE
TO THE TAXPAYERS OF CUSTER
COUNTY

THE SECOND INSTALLMENT OF
1923 TAXES WILL BECOME De
LINQUENT UNLESS PAID ON OR
BEFORE THE 4TH MONDAY IN
JUNEAMARY W. JOSE, Tax Collec-
tor ct.
The Challis messenger. (Challis, Idaho) 1912-current, 1924-06-11

in Oklahoma IN IgOy, this plan was Carried mo
several western states and threatened for
brief time to become serious issue in connec-
ton with our national banking system. Recent
experience has proved, in this instance as IN
others, that sound economic law cannot be dis
regarded with IMMUNITY.
Oklahoma adopted the deposit guaranty as
result of the failure of number of banks in the
panic of 1907 The system was misnamed at the
start II was not q Guaranty in any true sense
The Challis messenger. (Challis, Idaho) 1912-current, 1924-06-11
Watch the Small Brother.

The wise young man keeps botn
eyes on the small boy with whose
big sister he wants to face the par
son.
The Challis messenger. (Challis, Idaho) 1912-current, 1924-06-11

Register to vote.
Announce yourself, Mr.. Candidate!
All kinds of office supplies at The
Messenger office.
The Challis messenger. (Challis, Idaho) 1912-current, 1924-06-11
When We XIII Time.

When people kill time, 1t Is the l.
100000 years past and the 100000
years to come that they're thinking of.
The Challis messenger. (Challis, Idaho) 1912-current, 1924-06-11
Duly Received.

Susan-'What's Bobbie cryin' for?"
Haro,d-"He's not cryin' for anything.
tie's had it."-Life.
The Challis messenger. (Challis, Idaho) 1912-current, 1924-06-11
aronide. Not Wanted.

1t is the plodding boy who succeeds
in after life; and Just as often 1t isn't.
DON'T feed us on hromides-
The Challis messenger. (Challis, Idaho) 1912-current, 1924-06-11

Subscribe for The Messenger.
Typewriter ribbons at this office.
The Challis messenger. (Challis, Idaho) 1912-current, 1924-06-11

Announce yourself, Mr.. Candidate!
Register to vote.
The Challis messenger. (Challis, Idaho) 1912-current, 1924-06-11

of the word but simply form of mutual insurance The various
state banks limited amount proportion their
The Challis messenger. (Challis, Idaho) 1912-current, 1924-06-11
FALLhCY OF S0-CALLED GUARANTEE
OF BANK DEPOSITS BY LAW
An Attempt Create Integrity by Legislative ActMere
Words No Good Substitute for Individual Re-
49,. sponsibity, Says Bankers Chief
BY WALTER w. HEAD, President
The American Bankers Association

The bank deposit guaranty attempt establish fictitious
valueo value by order of Adopted first
The Challis messenger. (Challis, Idaho) 1912-current, 1924-06-11
6 Ell ATE IN c HALLIS S!
Two Bin QaS Of Ihra&6d u 4tha eth RQQGSt t 6r2
est Ever Held H6r6

@ s. SR F $H 5 S $S 5# 81
5SE $ SSSSE R$ $Sf AfB rs ~ R4
SSS ~ E5S # %S% SF %
Americus times-recorder. [volume] (Americus, Ga.) 1891-current, 1924-12-12
M'COY'S SISTER !
STICKS TO HIM
Mrs. Thomas Says She is Not
Able to State What He Told
Her After Crime

LOS ANGELES, Dec. l2,-Under
direct examination by the prosecu-
ton, Mrs. Jennie Thomas, sister of
Kid Mccoy, eX-fighter, charged
with the murder of Mrs. Theresa
Mors, divorced wife of an antique
dealer, late Thursday testified that
she "was not able to state" what
her brother had told her after Mrs
Mors had died with bullet throug'l
her brain. She was a witness for
the prosecution
The records of the grand jury of
August 13, which indicted Mccoy,
disclosed a direct question to Mrs.
Thomas:
"You did not bell your broth
er when he told tlat he had killed a
woman, did you?"
Certainly not" size replied. On
a question from the defense asking
whether her brother had told her
that he had killed a woman. she aH-
swered negatively.
Americus times-recorder. [volume] (Americus, Ga.) 1891-current, 1924-12-12
Human Fly Risks Neck
for Disabled Vets
HIGHER POSTAGE
! RATE NECESSARY
FOR WAGE RAISE
M~~e Money For EMPLOYEES Calls
Increases Rates on All Save
Letter Mail
(By The Associated Press)

WASHINGTON, Dec. 12.-Post-
master General New will advise
congress that the way to raise
enough revenue to mnot proposed
increases in postal pay is to in
crease the rate on practically all
classes Of postal service except let
ter mail.
Such increases would involve
more postage on newspaper and
periodicals, a subject Of many heat
ed debates in congress through
many administration and also
would be distributed throughout
the fabric of the postal service, so
that under the plan, they would be
absorbed by the public generally
At the request of the senate
post office committee, the post mast
err general is about to preclude a
survey showing how the additional
revenue may be brought in and
this week he will discuss it with
President Coolidge. Soon after it
will find it's way to congress, prob
ably in the form of 4 proposed bill,
for consideration if congress de-
cides to override President Cool
idge's veto of the bill passed at the
of postal employees.
Fight In Senate
An endeavor to bolster up ad
ministration forces in the Senate
opposed to an early vote overriding
the executive veto Of the postal en-
ployees paw bill was made by Prcei-
dent Coolidge today at conference
with a dozen Republican senators.
Americus times-recorder. [volume] (Americus, Ga.) 1891-current, 1924-12-12
NO FAv0RTISM TO Be SHOWN FRENCH BY u S. GOVERNMENT
UNDERWOOD DENIES
SENATOR'S CHARGE
J IN HOT RE PLY
Declaring Lease WouEd Cost
Country $4,000, O00-AIa-
barnian Denies Charge
CBy The Associated Press)

WASHINGTON, Dec. IL
The Underwood Muscle Shoals
bill continues to occupy the at
tention of the Senate, which
met at noon today.
Senator Mcclellan, Democrat,
Of Tennessee, launched an at
tack almost Immediately today
from the floor of the Senate on
the Underwood Muscle Shoals
bill. Mcclellan declared that to
pass the Underwood measure
would give outright $40, 0OO,-
600 to the lessee. Mcclellan
further declared that the Ala
bama Power Co. was strongly
hoping for the enactment of the
Underwood bill.
This statement from Nickel
lar brought Senator Underwood
to his feet. The Alabama SEN
ator in reply to Mcclellan said
Il might inform you, vehe-
mently declared Senator I'm
derwood, that the Alabama
Power Co. has told that under
the terms of this bill his com
pany would not make bid for
the property.
Progress of the senate Thursday
toward disposition of the Muscle
Shoals question was so frequently
interrupted for consideration Of
other proposals that tle senate re.
cessed last night without taking &C
ton on pending amendments.
Leaders plan, if possible, to bring
the subject to a final vote today
AS last resort, they expect tc at.
tempt to limit each senator on de-
bate.
Senator Helm, democrat, Ala
bama, opened debate yesterday By
declaring he favored she Under.
wood bill because he believed it v as
the best plan before the senate, al
though he cid not "erthuse" over
any of them. He declared that
with a republican administration ir
power, the south would he "fortu
nate if it got anything out Of it. "
Americus times-recorder. [volume] (Americus, Ga.) 1891-current, 1924-12-12
FARM MONEY BILL!
-PASSDE BY HOUSE
$8O,OCO,COO of the $124,OOO,-
600 Carried In Bill Is For
Reads

WASHINGTON, Dec. 12.-The
agricultural appropriation bill, car
rying 1924, 100000. Of which $780,
100000 would be available for
road construction, was passed Thurs
day by the house.
The bill, as sent to the senate,
would appropriate about $59,OO0,-
coo more than last years measure,
but carries several million dollars
less than the budget estimate.
The bill was passed after less
than two days consideration by the
house. Fewer than a dozen amend
ments were offered and those adopt
ed represented only minor changes.
Americus times-recorder. [volume] (Americus, Ga.) 1891-current, 1924-12-12
Harry Gardiner Returns To
Americas Tonight-WiII Climb
Court HeSse Saturday

Harry H. Gardiner. Tie "human
fly, who is to climb tie court house
tower here Saturday afternoon at
2 O'Clock viii arrive in Americas
today, and tonight vii! make tall;
to the American Legion to their
get together" smoker at the Lee
gion hall.
Mr.. Gardiner is being Z ught
to Americas blythe Tine4sR Recorder
and the American Legion and all
funds derived from the exhibition
will be used for the alienation OF
suffering among disabled ex-servica
men and for the helping of the
needy on Christmas day through
the Empty Stocking Fund.
Tickets will be offered for sale
during the "human fly's" climb and
group of young Ia lies viii have
charge of the sale of these tickets.
There is no stipulated price charged
Tor tickets, but tho Legion calls
upon the spectators to maze the con
tributions as large rs possible, as
there is much charitable work to be
done in Sumter county TO make
every one enjoy happy Christmas.
For the last year Mr.. Gardiner
has been working in conjunction
with the American Legion and he
states that in every lity he Las ex-
hibited, large crowds have turned
out for his performances and have
heen very kind in donating literally
for the Legion disabled veteran
fund.
Americus times-recorder. [volume] (Americus, Ga.) 1891-current, 1924-12-12
AMER|CUS MEN To
lSELL PED CROSS
SEALS and BONDS
Expect To Realize $1,000 For
tuberculosis Aid In County
And State

At a meeting held Thursday morn
ing in the offices Of DR.. J. w
Payne, county chairman tor the sale
of Red Cross seals IN Sumter, the
following were appointed to serve
on a steering" committee for the
sole and distribution OF the tubcr-
culosis seals in Americas: Rev
Richard F. Simpson, chairman, lar
Mathis, j. w. Lott, Jr., Prof. j. L.
Mathis, John W. Shiver, Mrs. NJ.
II. Wheeler, Mrs. Walter Rylander
Mrs. G. c. Webb, and Mrs. Tom
Harold.
The committee set IS their goal
this year $1,000 and with the at
tainment of this goal it is stated
there will be sufficient money avail.
able, after remittance is made to
the national organization to pur-
chase an automobile for use by the
public health nurse in This county.
The committee decided to fire
the first gun in its campaign against
the tubercular germ on Monday,
Dec. 18th, when three representa-
tives from the Rotary and Kiwanis
clubs will call on the merchants Of
Americas in an effort tc dispose of
the five and ten dollar bonds that
have been allotted this county. The
bonds will be offered in place Of
the seals, but the purchaser oGa a
bond has the privilege of gettinG IS
many seals as he desires up to 900
or 1000, according 70 he price Of
the bond.
The committe has made arrange
ments with the ministers Of the diff
ferent denominations TO devote a
few minutes of their services san.
cay in explaining to their congre-
cations the Importance Of the Red
Cross seal campaign.
On Tuesday, Dec. ID the seals
will be placed on sale in all the
drug stores of the city, at both
Rodgers stores, the Piggy Wiggly,
The Americas Jewelry Company,
Bells Jewelry Store, Joyner's store,
Sparks store, and at the Windsor
News stand. A booth VIII be main
tanned in the post office from Tues
day until Christmas day.
DR.. Payne before adjourning the
meeting instructed his committe on
the great Importance of the Red
Cross seal drive, asserting that
every dollar of the fund collected
goes to the alienation of suffering
humanity among tubercular patients
and to the task of controlling this
deadly scourge among mankind.
Americus times-recorder. [volume] (Americus, Ga.) 1891-current, 1924-12-12
S5Q,OOO,OOO RUN
SCANDAL SPREADS
Eleven Officials and Police In
jersey CITY Are Reported
Involved

JERSEY CITY, Dee. 12.-.T'he
New Jersey rum ring scaudal.
which is said to have i.9olved tie
smuggling Of $50, 600, coo worth Of
booze from rum row, has now en-
neshed The city administration Of
Paycnne, whore two municipal sfff-
Gals, three police officers and six
,patrolmen have beel brought into
the investigation.
Indictments against these public
servants in Bayonne. it is promised,
will be returned within az hcnrs.
This DEVELOPMENT followed the ar
raignment Thursday Of two police
commissioners and nine patrolmen
Of Weehawken, as we'll as one IL
the rings alleged promoters, on
charges of aiding rum-ranners. All
twelve pleaded not guilty.
Officials of adjacent cities have
been expected to become involved
in the expose ever since William r.
Griffin. alleged "boss" Of the run
syndicate; Harry J. Stearns, chair
man of the Weehawtcn township
notice committee: CAPTAIN Charles
MacNamee, of the Hudson boulc-
ward nolice. and the other Weehawk-
en- officers, were indicted. But the
prominence Of the Bavonne officials
now under suspicion is much great
er than was suspected.
Americus times-recorder. [volume] (Americus, Ga.) 1891-current, 1924-12-12
SUPERIOR COURT RECESS
UNTIL MONDAY MORNING

At the conclusion Of court Thurs
DAY afternoon, Judge Littlejohn de-
clared recess until Monday moln5
ing so that the lawyers, who have
cases in the United States court id
session at Albany could get there.
On Monday the remaining cases on
the criminal calender and several
civil cases, held over FROM last week
will be taken up.
Court house officials are of the
opinion that court viii be adjourn
ed one day next week as Only a
Few cases remain on the calender.
A new jury has been drawn for
duty next week.
Americus times-recorder. [volume] (Americus, Ga.) 1891-current, 1924-12-12
AMERICAS REPLY TO
BRITISH WAR; CLAIMS
NOTE DESPATCHED
Declares u. S. Has Equal Rights
With Other Countries Un-
der Dawes Plan
(Bv Associated Press.)

WASHINGTON. Dec. a.
The American reply to the Brit
ish note questioning the right Of
the United States to collect war
claims from Germany out of the
benefits received by Germany
under Dawes plan has been de-
spatched to Ambassador Kel-
loPQ in London.
The American reply will be
delivered to the London For
eign office today. 1t was draft
ed by Secretary Hughes. and it
is understood to firmly support
the position that the American
government has every right ac-
corded to the allies and asso-
ciated powers to make its col
lections under the Dawes plan.
Americus times-recorder. [volume] (Americus, Ga.) 1891-current, 1924-12-12
4. { P. TEA CO. LEASES
JACKSON ST. STORE
Building Being Remodeled; New
Tenants Expect To Open One
Day Next Week

1t was learned TO-DAY from, DR. 5.
+. Howell, that the Atlantic and
Pacific Tea Co.. a CHEM store CIR
ganization, has lease for a number
of years, the building on Jackson
street formerly occupied b. the Sa-
voy cafe, and have alreacy started
making extensive repairs prepare
tory to their opening ore day next
week.
II. w. Elkins, tepresen: ati4a of
the Tea Company is expected in
the city. today and will take charge
of the remodeling of the building.
The A. and P. Tea Co. is one Of
the largest organizations of its kind
in the United States, operating over
a thousand stores in different cities.
Americus times-recorder. [volume] (Americus, Ga.) 1891-current, 1924-12-12
STRICKEN LEADER
Of LABOR BEING
! HURRIED H N {
Crosses American Border This
Morning On Way To San
Antonio Hospital
(By Associated Press.)

LAREDO, Texas, Dec. l2.-
Samuel Gompers, president of
the American Federation of La
Dor, arrived at the American
border here at 1870 o'clock this
morning, in a critical condition.
The aged labor leader is suffer
ing from a bronchial affection.
He is being rushed through to
San Antonio this morning. where
he will be taken to the St. An
thony Hotel on arrival there this
afternoon.
Mr.. Gompers' physicians say
his life is in danger and that the
aged leader must be given hos
pital treatment at once. During
the night Mr.. Gompers rallied
and this morning is noticeably
improved.
AS his train was leaving La
redo for San Antonio, Mr.. Com
pers was able I'd sit up on the
side of his bed and take nour-
ishment.
Americus times-recorder. [volume] (Americus, Ga.) 1891-current, 1924-12-12
PROBE AGENT IS FIRED
FOR FALSE AFFIDAVIT

WASHINGTON, Dec. 12.-Scc.
rotary Mellon advised the house
judiciary committee that Robert J.
Owens, federal prohibition agent,
who raided the residence of Hugo
Gilbert de Fritsch in New York last
August, had been dismissed from
the service for deliberately making
a false affidavit to procure a
search warrant on a priyats resi-
dence."
Replying to a resolution OF in
complaints had been received prior
to the raid, that Overs had treated
persons he arrested bruta'ly and had
otherwise misused his office.