Decatur Democrat, Volume 51, Number 37, Decatur, Adams County, 24 September 1908 — Page 7

gJJKfim *£ Sj d r» trs- *- »- X&™'%*£&£ "£.™ 1 ““Pension since its infancy. AU Counterfeits, Imitations m" * thi *‘ Experiments that trifle with and o>d. as *^ ood are but ***““ ana .XJ’£££££ What is CASTORIA SX*S& I SX% C *; <»• contains neither n P i„ m . ?’J Kls ,easau t- It substance. Its age is" X SSe flat* ’ST*’ and-allays Feverishness. It cures DiarrhXT > J’’a T ’Mzsms’s: and Flatulency. It assimilates the Food, regulates the CKNUINE CASTORIA ALWAYS The Kind You Have Always Bought In Use For Over 30 Years. T ** < C Q>W »,, „ »w»V «rw »OW OfTT. W. B. CORSETS’ TheW.B.Reduso { i s the ideal garment for _— ° ver '^ eve^°P figures requir- ' few * n £ s P ec ’ restraint. It has an Xi a P ron over the abdomen and 'VWjv . I hips, so boned as to give the wearer *-? I absolute freedom of movement. REDUSO STYLE 750 for tall. vsell1 ’*■_ developed figures. Made of p durable coutil in white or drab. Hose sup'*\ji porters front and sides. WgFj vk Sizes 22 to 36. f a REDUSO STYLE 760 1 i ! ‘^ orl ’ well-developed figJ z <jT.\ ;. ms. Made of white and / 9 </’ P \• A 7 drabcoutil. Hose support- / vr ;''J“\ / ers front and sides. Sizes / - ?s' { --r<t'v. ’»'7'l / 24t0 36. PR/CE, £3.00 / AfT ' w -B. NUFORM and W. B. V wW o/w/ ERECT FORM CORSETS I \ * |K// /// are h u ’ft hygienically—they do 1 ( 1 Tku\, “\l ls not P ress or strain anywhere. \ 7u ■'» Their lines are your lines, their V ■ Wg' ‘||PgY jZ/AV 'h! s^a P e °f }’ our own figtire. \ 1" /// /z\A7 .'// They make a bad figure good and \ 1 r/ Il it a g figtire better. \ V/ I U V ON SALE AT ALL DEALERS A II EredForm744 { }ot^"s2 - 00 | |M 7 Nufom 403 (17) 7.00 PuJ Nu/orm 447 G a) °SS’ 3.00 / l| Erect Form. 720 or'iiatiiie EOd J Reduio U Nuform 738 2.00 V 750 Nuform 406 CS) 1.50 , WEINGARTEN BROS., Makers, 377-379 BROADWAY, N.Y. TT- - - - 1 . I ED. PINAUD’S HAIR TONIC (quinine) RUSSELL. • the beautiful actress, says: i “Without question, an indispensable adjunct to a ‘lady’s toilet table. Exceedingly meritorious in 1 causing it to retain its lustre. ’ hair beautiful and improve your personal appearPINAVD’S HAIR TONIC everyday. It 1 falling hair, because it goes to the root of the , sample bottle of ED- PINAVD'S HAIR as) fat 10 cents to pay postage and packing. IUD’S LILAC VEGETAL ; for the handkerchief, atomizer and bath. Used Paris and New York. iy passage and packing) for i free sample bottle ac Vegetal Extract for i» applicatnma. ED. PINAVD’S American Offices, BUILDING. NEW YORK CITY. « |Ask your dealer for ED. PINAUD’S BAIR TONIC and LiIAC VEGETAL No Stropping, No Honing I Set consists of 12 double-edged blades (24 g with triple silver-plated holder in velvet line 7 ves< Han- I good for an average of more than 20 sattsfy l g • . • work . I die and blade guaranteed to be perfect in m . ‘ dealers. I manship. Sold by leading Drug, Cutlery and Ha g Inquire about SPECIAL FREE TRIAL OFFER. | Qillette Sales Company, 21

SOME GOOD EVIDENCE Former Secretary Gage and Congressman Fowler on the Deposit Guarantee. THI WALSH FAILURE CITED Clearing House Action Like Plan Proposed by Democrats. Guards Against Honest Bankers Suffering Kuns-Modern System of Credits—Bankbook Should Be Worth Face Always fßy .Tofan E. Lathrop.) Lyman J. Gage, former secretary of the treasury, may be regarded as sufficiently “conservative” to obviate fears that he would be “unsafe” in his banking views. Before the bouse committee on banking and currency in Washington Mr. Gage discussed national finances and particularly the national bank. ‘He sought an illustration of the idea he was expressing, which In general was in support of the guarantee plan, and like many others found it in the Walsh failure in Chicago. After explaining how the clearing house banks took over the assets of the failed institution, guaranteed ail depositors, and prevented runs on other bunks, Mr. Gage said: Mr. Gage's Statement. “Well, they learned another lesson and they adopted another principle, a principle provided for in this (the howler) bill. Ry the vote and voluntary compliance of all the members of the Clearing House association, they authorized the clearing house at any time and at stated periods to act upon its own volition and on its own acocunt, and for the information of the clearing house committee itself to have full, complete and comprehensive investigation of each member of the association, and not only of each member, but of every institution that carries the name of bank over it that Is cleared or represented in the clearing house by any clearing house bank; and I can tell yon as a safe prophecy that we are at the end of disastrous failure in the oily of Chicago by clearing house banks, since this regime has come in. I am told that Kansas City has the same thing, and other cities will eventually adopt it.” Representative Fowler, Republican. Charles N. Fowler. Republican, of New Jersey, ehairman of the house committee on banking ami currency, appears in the Congressional Record with a bouse speech in support of his bill which provided for guarantee of bank deposits. He specially answered the assertion that such a guarantee would induce reckless banking, saying:

"Mr. Chairman, we nre occasionally met with the statement that guarantee of deposits would lead to unsound banking. * * * Can you think of a banker, because he had insured his deposits, going into the directors’ room and.saying: ‘Gentlemen, we have insured our deposits today. Now let us proceed to make some rotten loans?’ “Is it not possible that it will occur to those directors that their losses must come cut of their profits, out of their reserves, out. of their capital, and out of their reputations? Will they not realize that they ean get nothing out of the guarantee until the last dollar of their capital, sinqdus and profits has been wiped out, and stockholders have been assessed double the amount of their stock? The Bankers’ Reputation. “Until their reputations have been injured, if not ruined, and possibly some of them have been started on the road to state prison? Can anybody think that any board of directors of any bank would be less sollcltlous. anxious and honest and wise after they had guaranteed deposits than they were before? "I assert again, after the most mature deliberation, that If there is one reason for insuring life and home, there are more than a thousand good reasons—more than ten thousand good reasons -why the depositors of the banking institutions of the United States should be insured." Two Valuable Contributions. These two men have offered valuable contributions to the diseusson of the proposed guarantee of bank deposts. Mr. Gage has set forth the present trend of bankers towards a closer watchfulness over all institutions ■which accept the people’s money in trust, and has Indicated the exact means whereby, under a guarantee law, bankers would do as now they do —maintain an association empowered to look sharply into financial concerns which seem to be departing from sound methods. His reference to the John R. Walsh failure in Chicago was doubtless because it was known to the country generally, having been given wide pub liclty and therefore most likely to attract attention as an illustration. However, there is scarcely a locality wherein bankers in late years have not gone under toppling banks and upheld them by guaranteeing deposits ■wholly or in part, in order to help in the quelling of popular distrust and the undermining of confidence in all banking institutions. No Delay for Depositors. It is quite apparent that under guarantee of deposits there would be no alteration of conditions affecting

tanks now, so far as concerns espionuge maintained by one over another. ' The important difference, however,' would be that depositors would not be subject to the annoying, often disastrous, delays in getting their money which now they experience when : banks fail. But, that fewer failures would occur surely would be one of toe results of su<& a law. Everyone knows that many runs are preepitated on banks which are absolutely sound. Many a man, faithful, safe, conservative, conscientious in caring for the money of his depositors, has suffered runs caused by some rumor started through malice. Many an honest banker has had his heart broken by senseless runs, and has groaned in spirit as he realized that gross injustice has been done as reward for earnest and able keeping of the trust reposed in him by his depositors. The Baring Failure. When a dozen years ago. Baring Brothers, of London, suspended, it was due to that very espionage by other bankers to which Mr. Gage refers. Tile Barings had embarked in many South American enterprises, some of which were manifestly unsafe. The governors of the Bank of England, sensing the danger, refused to accept securities hacked by them as basts for the Issuance of bank notes under the custom of that country; that action never has been adversly criticized in any country, although it has been discussed ever since the world over. Modern business is conducted on the basis for the issuance of bank notes tie actual money passes from hand to baud. Modern; System of Credits. You go to your bank with a bundle of checks and drafts and deposit them to your credit. Against that account thus opened, you draw checks. They pass into the world of business, are accepted at face value, and circulate virtually as does gold, silver and currency. If yon pay your bills in ehecks, often you pass through weeks at a time when yon have only a trifle of loose change in your pocket for street car fare and the small things you need from day to day costing too little to bother to dra w a check. “A check cancelled is a voucher,” has become a maxim in the business world. Complications of the System. This complicates business and forces all banks to associate themselves in clearing bouses, and probably the public would tie amazed were they to know at times how sharply the clearing house committee looks into meth ods employed by its members. In the panic tiiat began last October, funds were carried from bank to bank, taken ostentatiously through the front doors, that depositors might know that other banks believed in the soundness of the institution which had been attacked by a run, and performed almost every essential of the guarantee system. Why? Simply because the modern business system is so coimilicated and so little actual money, passes current that each bank must know that the others are properly safeguarding themselves and also that they are permitting the car tying of accounts by depositors whose paper may always be depended on as worth face value. Beneath the Surface. So beneath the surface, one could witness the clearing house associations examining collateral, securities and assets, and often serving notto? ou a given bank that the association will require some change in methods ou penalty of refusal longer to clear for that l ank. Banks Out of the Association. How about banks not in the association? Many perfectly sound banks are not directly in the clearing house. They clear through another bank which does belong. Precisely the same rule applies to them, for, when need arises, the association serves notice on the memberbank which clears for the non-asso-ciation bank as to what will have to be done: and it is done promptly, too, in every instance. Bank-Book Should Be Worth Face. The essence of the guarantee plan is that a bank book should be worth its face always. An entry in a pass book should not constitute the assumption of a risk by the depositor and the giving of wide latitude to the banker. Such entry should be recognized as just as actual an asset as a bank note. Aiso, proper arrangements must be made for the continued espionage of banks by other banks. Lastly, and quite as important, banking laws must be enforced; overcertification must be stopped; loaning of funds in national banks on obviously speculative schemes must cease; and other reforms must be wrought to invest the banking system of the country with that complete confidence which, if induced would put a stop to all nervousness by depositors. : • • NO SCARES THIS YEAR. • • “No one fears that Mr. Bryan’s • X election would provoke an Indus- • j • trial, commercial and financial J • cataclysm."— New York Evening • J Post, Aug., 1908. * •••••••••••••••••••••sees* Just That Ixmg. The New York Evening Post, (Republican), asks: “How long are the trusts to enjoy their present license’ to pick our pockets’?’ Just so long as the people keep in power a party vhich derives its campaign funds from the trusts.

TAFTS CAMPAIGN HELPCAg, | Here are the satses and occupattOß* es some of the num whom Mr. Taft and his political managers have selected to help them run th® Republican campaign in a financial, executive aud advisory capacity: | William Nelson CTouvweil of New York, the great Wall street lawyer, attorney for the Panama canal combine, Kuehn, Loeb & Co,, the Harriman interests, the sugar trust. Standard Oil trust, ec al. j George Rumsey Sheldon of No. 2 Wall street, multi-millionaire and officer and director in more than twenty corporations. j Frederick W. Upham of Chicago, a millionaire several times over, member of the state board of review which passes upon the amount of taxes which corporations and large estates I should pay in Illinois, and a director in several corporations. Charles F. Brooker of Connecticut, millionaire, engaged in the banking and railway business, and vice president of the New York, New Haven It Hartford Railroad company, against which a government suit is now pending. Frank O. Lowden of Illinois, multimillionaire, son in law of the late Geo. M. Pullman and now vice president of and heavily interested in that widely known monopoly, the Pullman Palace Car company. T. Coleman DuPont of Delaware, best known as a member of the Du Pont Powder company, controlling factor in the powder trust, whose milking of the federal treasury in powder contracts has been thoroughly exposed In congress and against which a suit is now pending, brought by the department of justice for Its dissolution, And last, but by no means least, the great political reformer of Pennsylvania, Bois Penrose, the political heir of Boss Quay and, since the latter’s death, boss of the corrupt political machine in Philadelphia and Pennsylvania, a machine which has not been equaled in political turpitude since the days of Boss Tweed in New York. Messrs. Cromwell and Sheldon and their associates detailed above have a list of trust connections probably unsurpassed by any other set of men of like number within the bounds of this country. They should be able to do equally as good work in a national way as is being done by Fred W. Upham in Chicago. Upham, who is the assistant treasurer of the Republican national. committee, is, as stated above, a member of the board of review, which passes on the amount of taxes corporations and large estates shall pay in the city of Chicago and the state of Illinois. He has been busy recently addressing letters to corporations whose property he will assess, in which he makes urgent appeals for campaign contributions to the Republican national committee. THE VERMONT ELECTION. The Republican campaign managers are so hard up for comfort that they pretend to get hilarious over the voting tn Vermont. That state always gives a Republican majority. The average Republican majority for the past thirty years at. the September elections has been 28,500. Four years ago it was 31,557. In 1900 it was 31.319. In 1896 it was 38,391. This year the Republicans get about 27,000, but the Democrats make a gain of fifteen members of the legislature. All of the election machinery in Vermont is in the hands of the Republicans and that party, through its national and state committees, made tremendous efforts to get a big vote, using piles of money and a swarm of outside speakers. A press dispatch from Chicago comments on the result as follows: “It is apparent that this year the decrease in the Republican vote in Vermont has been greater than at any time since 1892. But it is further to be noted that in years prior to this the Democratic national committee has paid especial attention to the state of Vermont because of the early date at which its election was held and the moral effect of the result of it upon the national election. This year, chiefly because of the extreme lateness of the national convention, the Democratic national committee did nothing in Vermont. Not one speaker was sent there, nor was any literature of a natioiial character distributed there The Democrats of Vermont were compelled to work out their own salvation, and the result they achieved in view of the handicap under which they labored is decidedly encouraging. “The Republican national committee which has maintained its publicity' bureau constantly during the four years’ interval between elections, and which has innumerable able speakers drawing salaries from the national and the state governments, was able to flood the state with oratory and with documents. “In view of all these facts the one amazing thing, the one significant thing, is that the Republican plurality instead of being enormously increased has been materially cut down. It is an omen of success for the Democratic party." The tin-plate trust made tinware dear and flimsy. But it also made William B. Leeds so rich in a few years that he could live abroad like a nabob and die leaving more than 130,000,000.

So Tired It may be freoi evarworlc, but the chances ar® its from aa ta» active LIVER._ , With a well conducted LIVER «nre can do mountains ®f labor without fatigue. It adds a hundred per cent to ones earning capacity. It can be kept in healthful action by, and only by Tutt’sPills TAKE NO SUBSTITUTE. FASTIDIOUS WOMEN consider Paxtine Toilet Antiseptic a necessity in the hygienic care of the person and for local treatment of feminine ills. As a wash its cleansing, gernycidal, deodorizing and healing qualities are extraordinary. For sale at Druggists. Sample free. Address The R. I’axton Co., Boston, Mass. ■“““PARK Fl?’s | HAIR BALSAM I Clftinaeg and beautifiw the hair. I Promotes a luxuriant growth. I Never Fails to Bestore Gray! Ilair to its Youthful Color. F Obrvs scalp diseases & hnir falllna. I I- rtf i). ’ FARMS Bought Sold and Exchanged CALL OR WHITE O. GANDY <a CO. 205 West Berry St. FT. WAYNE. IND iuummsßmama»tmsaammg»®wwsF-w Bn 4nrtln Give Prot,< * ion i folr in IHII I A seventeen years at I U lulllO 11ttIe cost Send for free booklet. Milo B. Stevens & Co., 884 14th St., Washington, D; C. Branch Chicago, Cleveland. Detroit. Est. 1884.

Guy Majors left today for Plymouth, Indiana, to accept a position in a barber shop. Born to Mr. and Mrs. Godfrey Nesswald, a baby girl. The little daughter arrived Sunday morning. Henry Krick is moving into his new house on Adams street this week. Henry says he is tired' living in the country and wants to move to town. Mr. Will Johns, Ed Coffee and Harmon Colchin were callers at Fort Wayne last evening. Major Robert B. Allison whose serious illness has been mentioned, suffered a slight relapse Sunday afternoon and was but little improved today. Misses Naomi Gregg, of Kokomo, Ind., and Florence Bloomfield, of Peru, arrived in the city this afternoon to be in attendance at the SellemeyerBeery wedding Wednesday. Mr. Bingham, who has made his headquarters here for the Straup bowling alley people went to Placta, Florida, this afternoon to be gene all winter.

What the public say about our teas VCoffccs is all the' advertising we want. Every family using our Coffeecomes back for more, and tell their neighbors about it as well* he leave it with the ladies to say how easy it is to get up an order for us because our stuff is good. Write for catalog $ premiums given to ladies for getting up orders,and we will show you how to furnish your homes by selling staple groceries at prices that invite competition. We are the only mad order house selling high class staples such as Fancy Teas, Fresh Roasted Coflees.Starch, Rice, Prunes, Raisins, etc. Let us send you our twelve page Grocery Price List and Catalog of mrnuis that you may see that wc are the' People. .Address. Lima TeaCo.lhma 0-