Richmond Palladium (Daily), Volume 32, Number 298, 9 December 1907 — Page 4

JPAGE FOUR.

THE RICHMOND PALLADIU3I AND SUN-TELEGRA3I, MONDAY, DECE3IBER 9, 1907. TOE RICHMOND PALLADIUM AND SUN-TELEGRAM. Palladium Printing Co., Publishers. Office North 9th and A Street. RICHMOND, INDIANA.

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PRICE Per Copy, Dally 2c Per Couy, Sunday 3o Per Week, Daily and Sunday 10 IN ADVANCE One Year $5.00 Entered at Richmond, Ind.. Postcfflc As Second Class Mai! MatUr.

COITIONS HOW GROWING BETTER OVER COUNTRY jfenry Clews Says That Financial Markets Are Becoming Easier and Panicky Conditions Disappearing. A CURRENCY SYSTEM BASED ON BANK ASSETS. pational Banks Should Increase Emergency Circulation to 20 Per Cent of Paid Up Capital on Securities. New York, Dec. 9. Another week of gratifying recovery has been experienced, and since the panic security values show an advance of 1) points and ever on the leading Issues. Gradually, but surely the money market Is working back to normal conditions. The disposition to hoard is Abating and bank reserves are. rising, laving been materially assisted by the engagement of about $100,000,000 of gold, the bulk of which has already arrived. Fortunately our interior banks are rapidly getting over their fright now that the situation in New York i la improving, and within a few weeks money will probably be abundant and much easier than at present. Considering the lessened volume of business and the lower prices at which It is being transacted, it is evident that we are rapidly running into a condition of monetary redundancy; a fact which has been wisely recognized by the government and is reflected in its decision to modify its recent relief measures. It is now believed that Mr. Cortelyou will not issue more than $25,000,000 of Panama bonds, and that the issue of new certificates will not exceed $15,000,000, or a total of about $40,000,000 for both classes of securities, instead of $15,000,000 as originally intended. From all parts of the country there come reports of steady improvement in the money situation, and It is confidently believed that the complete resumption of specie payments Is only a matter of comparatively short period. Mills temporarily shut down owing to the monetary stringency are restarting, and merchants are conducting their operations extending into the future with visibly greater confidence than a month ago. It is not to be ex pected that business will go back to the old scale of activity and profits. Nevertheless, business conditions are generally sound; and we now see no reasons for serious apprehensions in this respect. Quite possibly some fur ther decline in the commodity markets will have to be experienced, and this will prove inconvenient to con oerns olready overextended; but no eerlous curtailment in the. consumption of the necessities of life seems proba ble, and the reaction will fall chiefly upon what may be classed as luxuries. which are largely obtained from abroad and already show a marked decline in importations. A shrinkage in imports, however, under present conditions will not be harmful, since it promises to be accompanied by free exports and will, therefore, assist us in retaining as much of the foreign told recently imported as seems desir able. We have still as a backbone an unusual degree of prosperity amongst our farm classes. Corn, cotton, and nearly all agricultural products continue to bring good prices to the grower and this, it should not be forgotten, is a strong element of support. There Is little doubt but that the strong financial ndition of our agricultural sections resulting from a long series of profitable harvests, not only had much to do with the boom which recently colllapsed, but is now protecting us from extreme effects of that collapse. Secretary Wilson estimates that our farmers produced crops this year valued at $7,412.00,000, an amount 10 per cent greater than the total for 11X.X5; 17 per cent greater than 1905; 20 per cent greater than 1904, and 57 per cent above 1S99. These records are, of course, in values and not quantities. Nevertheless, they show that the American farmer is in an exceptionally strong financial condition, and this has "Unquestionably greatly mitigated the effects of the panic. My preference is for a scientific and elastic currency system based upon bank assets, or something like the following, to provide for periods of great . money demands: Authorize national banks to increase their circulation to V called emergency circulation to tue

extent of say, 20 per cent of their paid up capital, to be issued upon approved savings bank securities, to be deposited with the controller of the currency and to be taxed to such an extent as to compel the speedy return and cancellation of such notes when the business needs no longer exist for the additional currency. In the event of congress failing to provide an elastic quality to our currency, as an alternative, I suggest the following: The government to issue emergency notes, not to exceed $100,000,000 during periods of great panics, and to banks only, to be held by them as reserve, these emergency notes to draw two per cent interest and have six months to run, subject to renewal for an additional three to six months at the discretion of the secretary of the treasury, by consent of the presideut. Such a measure of relief would work like the Bank of England's back log method. Whenever a great panic occurs in England the Bank of England is authorized to suspend its charter act, which admits of issuing Increased bank of England notes with requiring

a corresponding amount of gold to be held against same. This has always been found to end panic at once. Th9 above plan would supply what is now very much needed in our currency an automatic movement at a time when most needed. As a matter of fact. It being known that relief would be always forthcoming, would be a bar against panics occurring In this country, such as the recent one and that of 1873. when money was almost unobtainable on any terms. This plan of issuing emergency elastic national bank reserve money would remove the necessity of a central national bank, which is now being agitated to a considerable extent. Such a bank will never be acceptable to the national banks now existing, as it would riminutlze all of them. The jealousy of bank officials Mould cause them to exert their influence against such a measure meeting with' congressional favor. HENRY CLEWS. TO CURE A COLD IN ONE DAY Take LAXATIVE BROMO Quinine Tablets. .Druggists refund mone if jit fails to cure. E. W. GROVE'S sigLnaJture U oa each box. 25c.

Gifts For Women Gifts For Men 1 Gifts For Housekeepers Cloaks, Suits, Furs, Waists, Umbrellas, House Coats, Smoking Sets, Cigar Table Linens, Napkins, Fancy Linens, Sweaters Petticoats Bath Robes Kimonas, Chests Ciga Jars, ShavingSets Shaving Towe,s Tabe Aprons, Handkerchiefs, Hosiery, Neckwear, Brush stand Brushes of al, kinds? Toi!et Sets Comforts Bed pilows Shppt, piInw pi Gloves, Silk Scarfs, Fancy Combs, Fans, Collar and Cuff Boxes, Tie and Glove Boxes Comforts Bed p,l,ows Sneets p,l,ow Cases, Handbags, Knit Goods, Knit Slippers, Toilet Handkerchief Boxes, Umbrellas, Suit Cases, Lace Curtains, Tapestry Curtains, Couch Cov0 . . . ... Q , Traveling Sets, Cigar Cases, Shirts, Neck- ,,. ... Sets, Manicure Sets, Mirrors, Brushes of all wear Gk)veS) MufferSy Handkerchiefs, Sus- ers Ru9s, Mattings, Linoleums, Carpet Sweepkinds, Rings, China, Fancy Boxes, Vases, penders, Hose Supporters, Hosiery, Under- ers Fancv China Nut Sets Vasps Wa.tp Music Rolls, Box Paper, Dress Goods, Silks, wear, Night Gowns, Purses, Wallets, Bill ers' hancy Uhma' Nut bets' Vases' Waste Waistings. Books, Cuff Buttons, Rings. Baskets, Water Bags. Gifts for the Girls Gifts for the Boys Gifts for the Babies TEDDY BEARS DOLLS! DOLLS! TEDDY BEARS 25c to $7.00 25c to $4.50 25c to $7.00 .

These are merely memory joggers, but you cannot get an adequate conception of the large variety, the exceptional quality, the treatment or the price-savings you will profit by if you will do your Christmas trading here, and the sooner you come the better you'll do. Ours is the Store With Only One Price. H. C. HASEMEIER CO.

SHIPS GATHERING FOR LONG CRUISE Admiral Evans Big War Ves sels Are Preparing to Sail. LOUISIANA REPORTS FIRST. RENDEZVOUS IS AT HAMPTON ROADS AND THE SIXTEEN BATTLESHIPS WILL WEIGH ANCHOR ON DECEMBER 16. Norfolk, Va., December 9 The battleship Louisiana, the first of the Pacific-bound Atlantic fleet to arrive in Hampton Roads where all of Admiral Evans' ships will rendezvous, prepar atory to the start, December 16, on the fifteen-thousand-mile voyage to San Francisco, was joined today by the battleship New Jersey, from Boston, which was caught in the recent severe coast storm, but weathering it safely, passed Cape Henry inward-bound at 0:15 o'clock this morning. The next vessels expected are the Kansas, from Delaware breakwater; Admiral Evans' flagship, the Connecticut, and the Rhode Island from New York, the Missouri and Illinois from Boston, and the Kearsage and Georgia from League Island. C, C. & I ticket aeon: win sell yt Bleeping ear tickets to Chicago for their 11: IS P. M. train. Call on him. aprS-U mau Aa operation for the removal ef the stomach, In a Chicago hospital recently, promoted discussion amonr the surgreens whether the stomach ceroid be removed aad the patient be none the worse tor it. Before the discussion had well jied out, the patient had died. It demonstrated -ie conld sot live without his stomach. To keep stomach in food condition, and enre const pation. indigestion, etc.. nse the treat herb laxative compound. Dr. Caldwell's Srrop Pepsin.

We Are Ready Now to AM You In Selecting Youir Xmas GMtts

Christmas isn't far offin fact it is only 13 days away. And it is high time for the Selection of Christmas gifts. We're ready to help you do the choosing ready with the finest, most comprehensive, really superb assortment of Holiday merchandise that has ever been crowded into this store of ours.

The Music Critic. At the risk of making this an apology as well as a confession I venture to express the hope that I may some day have the means to enjoy the best music without need of telling three hundred thousand or more readers why; whether Carubonci had tears in his voice; how Mice. Sembrich-Eames looked and acted; whether the second soprano was off key; the basso dependent upon the prompter; the conductor too fast or too slow, according to actual stop watrh and metronome; how the lights were managed; whether the audience was large and appreciative or otherwise and whether the music was good, bad, indifferent and why. Atlantic. Left Handed Praise. "I don't seem to hear so many compliments on my last poem," said the poetess, "as on Its illustration. 'You just ought to see it!' they exclaim. 'It is so beautiful!' " "It's the same way with me," put in the artist. "They come and stand before my pictures and sigh and 6ay, 'Oh, what lovely frames you have!" New York Press. Domestic Bliss. Nagger I've put one poor fellow on his feet anyway. Mrs. Nagger Whom have you been fooling your money away on now? Nagger Your text husband, madam. I've had my life insured. London Answers. His Luck. .Cynleus I have been engaged to at least a dozen girls. Silicus Always been unlucky in love, eh? Cynlcus Oh, I don't know. I've never married any of them. Philadelphia Record. An African fat used for domestic purposes is the oil of a species of beetle. It is like hardened cocoanut oil. MASONIC CALENDAR. Week Commencing Dec. 9th, 1907. Tuesday Richmond Lodge. No. 196, F. & A. M.f work, Entered Apprentice degree. Vednesday -Webb Lodge, No. 24, F. & A. M., work. Master Mason degree. Friday King Solomon's Chapter, No. 4, R. A. M. Election-of officers ana-payment of dues '

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SWEETHEARTS AND WIVES ARE WANTED Uncle Sam Desires Them for The Philippine Teaching Corps. "OTHER RELATIVES" TOO. YOUNG WOMEN APPLICANTS MAY BECOME EMBARRASSED WHEN THEY HAVE TO ANSWER QUESTIONS ABOUT HEART STRINGS. Richmond women who are contemplating taking the Philippine school teachers' examination at Indianapolis on December 27 to 2S, must be in love if their services are accepted sooner than all others. A notice of examination being sent out by the civil service commission to fill 300 vacancies in the island schools says that ordinary women are not desired only wives and fiances and other near relatives. "Women will not be admitted to this examination." says the notice, "except that the wives, immediate relatives or fiances of men examined at the same time for appointed to or already employed in the Philippine service maybe examined; and if they pass they will be preferred in appointments, provided the men through whom their examination is allowed, have been selected." In the case of sweethearts, some embarrassment may be involved, for the instructions continue as follows: "Each of such applicants should state definitely in her application the name, address and relationship of the person through whom the examination is claimed." PALLADIUM WiSIT JLnsu d ay

It's no ordinary stock of Holiday giftsno hap-hazard gathering but beautiful and useful articles selected by us after a most careful study of the various offerings from every world-renowned holiday merchandise market. And the prices we ask you to pay will surprise you so exceptionally low have we brought down the figures.

Save Secure Sf DR. W.J. SMITH ..DENTIST.. HOME PHONE 1382. f 1 1103 Main Street. Ground f loo

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Character in Commercial Printing Want your printed matter to have character or be characterless? What we print has character. The kind of character that distinguishes good work from that which Is poorly done. You want your printed matter to be a credit to yourself. You want to impress your customers and prospects with the merits of your business or merchandise. We turn out the kind of printing that impresses, that shows merit in itself. With our facilities for producing high-class work within reasonable time and at reasonable prices, we are especially well situated to give you a favorable estimate on any class of printing. You can't stir up business with dead salesmen; neither can you increase your bank account with poor printing. Our printing is alive; it brings results. Information and estimates cheerfully furnished.

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for the whole family Is not so hard to obtain if the customary beverage Is Richmond Export beer. If you hav not tried H do so at once (best way is to ordei a case this day) and you'll find that It tastes good and is good, tested by all pure beer, standard 3. Minck Brewing Co. DR. A. B. PRICE DENTIST 14 aad 15 The Colonial.. Ffcona 681 Jadj Assistant. Printing Co. N. 8th St. Phono 4215 ARE THE CANDY