Jasper County Democrat, Volume 15, Number 21, Rensselaer, Jasper County, 15 June 1912 — Page 4

GOVERNMENT LENT MORGAN MILLIONS

Cortelyou Tells How Banks Were Aided in 1907. BROKERS STIRRED BY STORY Ex-Secretary of Treasury's Memory Proves Faulty—Could Not Recall Just What Institutions Received the Money. New York, June 14.—Testifying before the Pujo congressional committee investigating the money trust, George B. Cortelyou, who was secretary of the treasury at the time of the 1907 panic, during the Roosevelt administration, told how the governmentlent J. Pierpont Morgan the £25,000,000 which Morgan in turn lent to banks and thus broke the backbone of the panic on October 24. 1007, sending call money down from 125 to 6 per cent. Samuel Vntermyer, counsel for the committee, attempted to learn the names of the banks in which the money was deposited, but Mr. Cortelyou said his memory on this subject was poor. ’ Promises $25,000,000 Aid. The witness said he came here on the night of October 22, 1907, and had ft conference with J. P. Morgan, James Stillman. A. Barton Hepburn. George F. Baker, George W. Perkiris, Frank A. Vanderltp and other financiers. After inquiring into the general situation, he promised that the government would aid “in a general way.’’ The next evening, lie said, another conference was.held. He was not sure that Mr. Morgan was present then.

At this conference, the: witness eaid. he promised. $25,000,000 for distribution among the banks “At the firs’ conference,’’ he .explained. “I rated that I would not deposit a dollar except for the relief of the country generally and the commercial rornnu-.ni’y generally.” Feared Doing Himself Injustice. Attorney Vntermyer asked the witness if anything was said about the high rate of call money and” the effect on the stock exchange of the failure to get ntoney here. Cortelyou started to give an explanation, and wa’s asked . .sbariil.?’ to-reply to the question.. 1 ; ‘ ; “You' know. Mr I’nferriiver.” he said, 'here are qugstions I cannot anyes or no doing tnvself an injustice. 1 bare a right to make an explanation 'of rny< position, and I pre ose ’pr exercise that right.” Mr. Cortelyou finally said he “probably did have such a discussion.” but cr>H;d not r r .--all /the details. Referrec! to Treasury Banks. Corio,you,, on ueing press, d for a list qt th' bati’is in which the $25,000,000 ,w:;s deposited finally referred Mr. I. ntermyer to the records of tie treag’j: v dej :;n'.ent. “J only rememthe . witnes’si said, “that ;the money was deposited., in. national banks I could not undertake to say which ones.”

FAMOUS MARCH IS MARKED

Bronze Tablets Placed Along the Route of Herkimer’s Advance Through Mohawk Valley. Utica, N. Y., June 14 General Nicholas Herkimer’s 40 mile advance through the .Mohawk Valley to relieve Col. Peter Gansevoort at Fort Stanwix from the onslaught of a large force of British and Indians in August, 1777, was commemorated today by the unveiling of fourteen bronze tablets Strung along his line vs march. It is probable that never before In history of the United States has as striking a memorial service been staged. Along the forty miles of country road traversed by the rescue party the tablets mark each important historical spot. Each of these tablets contains, a map of the route and also a few lines explaining the significance of its site.

ATHLETES OFF FOR SWEDEN

America’s Pick of Amateurs Leave New York to Participate in Olympic Gamea. New York, June 14.—When the Red Star liner Finland dropped down the bay this morning and headed for Stockholm, Sweden, she carried on board the greatest aggregation of amateur athletes that America has ever Bent to win national honors in the revived Olympic games. The Finland has been converted into a floating gymnasium, with every known appliance for keeping the athletes fit. The big ship will be the home of the athletes and their friends during the entire stay abroad. In all; 125 athletes and 225 sightseers made the trip.

MEXICAN LEADER IS ROUTED

Federal Commander Blanquet Reported to Have Captured Two Cannon and Ammunition. Torreon, Mex., June 14. —Gen. Aurelio Blanquet, one of the federal commanders, Is reported to have routed General Argumedo and his rebel army near Pedrisena, 50 miles southwest of this city, capturing two cannon and a quantity of munitions. General Argumedo Is reported to have been wounded.

OVERLAND gi-T, Maiden Trip from Indianapolis to Jasper County Tuesday, where it was sold to B. D. Comer of Union Township. Mr. Comer is considered one of Jasper County’s foremost and best posted farmer and his selection of an OVERLAND is a compliment to the makers of that machine. This is one of the most beautiful autos that has been sold here this season. Call and see Hansson before you buy.

MtIMOSIIIIIC. [Under this head notices Will be published for 1-cent-a-word for the sins. insertion, %-cent per word . for each additional Insertion. To save book-keep-ing cash should be sent with notice. No notice accepted for less than 26 cents, but short notices coming within the above rate will be published two oi more times, as the case may be for 25 cents. Where replies are sent in The Democrat’s care, postage will be charged for forwarding such replies to the advertiser.] FOR SALE For Sale-— Nice Sweet Potato plants, 1 mile south of Parr—HARSHBE'RGER & CHUPP. Eggs For Hatclriug— Barred Plymouth Rock eggs for sale by M. I. ADAMS Rensselaer. ts For Sale— 6o bushels of re-clean-ed Millet seed, ait' Wm. Heilscher’s mill, Kniman, Ind. —GEO. LAM-' PHIER. J2O lice Supplies For Sale— Sections, starter, hives, and everything in the J bee supply line.—Phone 518-A or.

Dr. J. H. HANSSON, Agent Indiana

address JOHN KOLHOFF,, Qensselaer» In d- jyl For Sale-— Rose Comb Rhode Island Reds, first .prize pen at Rensselaer poultry show; Ist, 2d, 3d and 4th prize pullets in pen. Eggs 75c for 15. GUS YEOMAX, Rensselaer R-3, phone 78-C, Mt. Ayr. For Sale— Five horses, 1 9-year-old mare with colt; 1 5-year-old horse; 1 2-year-old, horse; 1 2-year-old mare, good ones. Also 2' sets work harness.—J. ■ W. FAYLOR, Rensselaer, R-2, phone 526-F. Farms For Sale' I have a number of farms for sale in different parte of this county and adjoining counties, and I have made up my mind to devote my time to the business. Therefore if you have any farms or town property to sell or trade give me a chance and I will give you a square deal.—JOHN O’CONNOR* Ex-sherift Jasper county, Kniman Ind. Pulleys and Shafting— The Democrat has for sale very cheap the following, all in excellent condition: 5 feet 1 11-16 in. shafting. 1 4-cone pulley 13 to 18 inch

Appointin' economy is best explained by a com-' parison of facts and existing conditions. And the clearest /method of explanation is a simple set of, To start with, an automobile plant can manufacture a carjust as economically as its facilities I will permit. • This fact you cannot dispute. It never Maries. Lets sec how this figures out. Most of the ‘factories that make a standard forty horse-power touring car, produce somewhere around 5000 cars a year. 1 These cars range in price from SI6OO to SIBOO. Some are as high as $2000.’. The Overland plants produce ,25,000 cars a year and the price of, .our* forty-five horse-power touring par. is only SISOO. The answer, is that we, with our,

25,000-car capacity, have five times the facilities as that of the 5000-car factory, and our cost of producing a car is, in consequence, anywhere from 20% to 30% lower. The explanation of which is, that the 5000-car factory must do the work by hand that we do by machinery, for they lack the automatic equipment; they must buy their materials in small quantities and pay the long price; they must buy parts from some outside source, which we manufacture —thus eliminating the middleman’s profit.} And no small number of them j purchase their motor from some other factory, while we make our motor in our own shops; in fact every bit of every ‘ Overland chassis and every part of every Overland body is made in the .Overland plants.

■ at jb. These few facts give you the net difference between a 5000-car factory, and a 25,000-car factory, and go to prove that the largest plant can make a better car for less money than the smaller plant. Take our forty-live horse-power car point by point. Sec if you can tell the difference between this car and the average SIBOO to S2OOO car. The wheel base of this car is one hundred and fifteen inches. The motor is forty-five horse-power. The pressed steel frame has a double drop. The front axle is a drop forged I section fitted with Timken bearings. The rear axle is full floating, also fitted with Timken bearings. The selective transmission is fitted with the finest F & S annular bearings which are used on the most ex-

pensive cars made. The gear and, crank casings are made of pure aluminums' Others use cast-iron. All of the operating levers are in the center of the car. Door handles arc located inside. The carburetor is the best Schebler makes Model L. The magneto is a Bosch. The tires are big. The body is large and roomy, seating five big people with room to spare. The body design itself is gracefully proportioned. It is finished in deep Brewster green trimmed with heavy bright nickel-plate. Lamps are dead black and trimmed. _ If you wish we w ill equip the carj with a self-starter for only S2O additional. This starter is the most prac-j tical made. On continuous tests un-j der all conditions it will crank a can

It is simple and have to do is to pull a little lever and youri motor Besides' that* it is'notj complicated and is very?economical.i iUse the same gas tank as you do.for) jyour.: headlights. 1 ; e^doubt. if tyou J will ’ find' thei equal of this carjfor much less than: investigate be-j fore you buy. It will prove to be a 1 jvery economical move. The Overland dealer in'your town will be glad to all J your questions. See him before you buy your car.l J Ou^factory, book ’ gives JnTfull the, d in J automobile /plants', and shows why one plant can make a better car for less money than another) plant. We will be glad to mail you a copy. Please ask for copy 00,

cones, 3 in. face to each cone. 1 2-cone pulley 16 to 18 inch 1 cones, 3 in. face to each cone. 1 14 inch pulley, 8 in. face. 1 10 inch pulley, 6 in. face. (AIF-the above are iron pulleys: for 1 11-16 shafting.) 1 10 inch wood pulley, 5 in. face. 1 6 inch wood pulley, 4 in. face. 2 15 inch iron pulleys, 2 in. face. 1 The above will be sold separately and at almost your own jjrice, as we have no use for them since installing electric power.—THE DEMOCRAT. WANTED Wanted — Parties desiring to sell their farm or town property to list same with me. —HARVEY DAVISSON. Wanted — Good steady boy to feed job press and make himself generally useful about printing office. Must be 16 years or older.—THE DEMOCRAT. . ■ Wanted — For bur files, one copy each of The Democrat of April 8, 1 1911, and April 3, 1912; 10 cents each for the first good, clean copies delivered at THE DEMOCRAT ofllce. 1

Economy iii the Production of an Automobile This 45-horsepower Touring Car—slsoo; equipped with self-starter, only S2O additional

•'■tr ► .■> <■ <- rX C. ' y v? EFJI MaIYiwBIMMmKWIMMm IWs- * /</ /Wl nflk J| HaPL 'M O^ 1 61-T-SISOO Wheel base.* 115 inches; body, 5-passenger touring; motor horsepower, 45 Bosch magneto; tires, 34x4 inch Q. D.; finish. Brewster green, ivory stripe, all bright ** tt ' a * parts nickel-plated. Three black and nickel oil lamps, two black and nickel gas lamps, 1 with gas tank and horn. _Trice, SISOO. Self-starter, S2O extra. '

Wanted— We offer all summer’s job to three middle-aged men in this county. No boys or foreigners need apply. If you are the man ! we want, will start you immediately at 816.50 weekly. References required.—GLEN BROS., Rochester, N. Y. jyl I 1 “ FOR RENT. — - i For Rent— The third floor hall in The Democrat building, 25x75 including two ante-rooms at rear. Fine light room suitable for lodge purposes or for light manufacturing, such as shirt, overall or sunbonnet factory.' Will lease for term of years.—F n E. BABCOCK. Storage— l have rooms for light ! storage on second floor of The Democrat building.—HAßVEY DAVISSON., ■ / Ladies, Attention— “ Salome,” the wonder of the 19th century for washing, can be had at Long’s drug : store, or of the agent, Mrs. W. N. Henkle, R-2; price 10c a bar or 3 bars for 25c. Try it once and you ' will never do without it. agio

LOST, ESTRAYED & FOUND. Estrayed— From the Otis Ranch, iwo. 3-year-old bay mares. Notify MM. LOCH. Roselawn, Ind. Estrays Taken Up—A yearling heifer and steer came to may place June 6. Owner can have same by paying charges.—SAMUEL WILLIAMS, 6% miles north of Rensselaer. R-2. Est rayed— From my pasture near ” McCoysburg about May 1, a 3-year-old red cow, which I bought at a public sale west of Francesville Jan. 3. Reward offered for information leading to recovery.—JOHN HERR McCoysburg, Ind. j2O FINANCIAL Farm Loans—Money to loan on farm property in any sums up to SIO.OOO.—E. P. HONAN. I flnl thn Without Delay I nil IP Without Commission I Uvl lllul Without Charges for H Making or Recording Instruments. . W. H. PARKINSON.