Richmond Palladium (Daily), Volume 33, Number 4, 19 February 1908 — Page 4

PAGE FOUK.

TIIE RICHMOND PALLADIUM AXD SUX-TELEGKA3I,"VEt)XESDAT, FEBRUARY 19, 1903.

THE RICHMOND PALLADIUM AND SUN-TELEGRAM. Palladium Printing Co., Publishers. Office North 9th and A Streets. RICHMOND, INDIANA. PRICE Per Copy, Dally 2c Per Copy, Sunday 3c Per Week, Daily and Sunday 10c IN ADVANCE One Year $5 00 Entered at Richmond, Ind., PostofTtco As Second Class Mail Matter. THE POPULAR (7) ALDRICH BILL. For the benefit of those -who do not realize the Berlous attempt now being made through the agency of the Aldrich currency bill to fasten more securely Wall street's shackles on this already trust ridden country, we present a part of the letter written by A. O. Crozier and addressed to "The Senate and House of Representatives." "Such a law would start agitation that might take from national banks the right under which they now profitably Issue and loan to the people nearly $700,000,000 of bank note currency, and perhaps jeopardize the gold standard itself. Will such banks grasp for more and probably lose what they already haveV "For years congress refused to repeal the provision prohibiting national banks contracting tho bank-note currency over $3,000,000 a month. March 4. 1907, this was raised to $0,000,000. This was too dangerous a power to be left at the option of the banks. They might contract rapidly to raise Interest rates and force down prices. "The biggest 'joker in the Aldrich bill 13 the fact that this restriction is wiped out entirely. It makes it possible suddenly to contract and destroy the entire $700,000,000 bank-note currency and also the $500,000,000 emergency currency, or a total of $1,200,000,000 of currency used by the people as money. Sudden contraction of but $60,000,000 available money by bank depositors recently caused fearful panic and alarmed the whole country. What would happen to the country when the strangling contraction of more than a billion dollars, about half the available money supply of the United States, tho active and convenient half was begun? "Bnt the consent of the secretary, of the treasury must be had, it Is said. The language of the bill on this point Is doubtful. But even if he must consent are 85,000,000 of people going to rlBk their all not alone on the honesty, but on the judgment of one man, a mere appointed official not responsible to the people? Without intending personal allusion, it is proper to show that most treasury officials leave the public service and Its humble salaries to secure and enjoy positions with Wall-street banks, paying $25,000 to $50,000 salary. They could not do

thl3 if their conduct in public office should displease such interests. "The only way to make this emergency currency elastic more than in name is to have the Government issue it direct to national, state or savings banks, trust companies, corporations and individuals, to all who deposit the required bonds as security and pay the high tax. The supply and demand would control and it would be impossible for interest rates ever to go above eay 8 per cent anywhere. The volume then would automatically expand at crop time and contract afterward. "But tho Aldrich bill grants to the national banks alone an absolute monopoly of the entire half-billion dollars of emergency currency. Other monopolies are made crimes by law. The government on its own initiative cannot issue one dollar of emergency currency. Not even in response to a general public sentiment or wide business distress. It must wait for national banks to act. These will not do bo except when actually menaced by runs. So it is in no sense an elastic currency for general benefit, such as the country was educated to expect. "Ordinary country banks would not profit at all. Only the big Wall-street banks are situated to borrow this emergency currency from the govern ment at 0 per cent, and loan it to the gamblers of the stock exchange at 10 per cent, to 00 per cent. The few big operators, now the masters of Wall street dominate the big banks, trust and insurance companies, railroads and other Industries. Their individual fortunes aggregate over a billion of dollars. They control institutions with $4,000,000,000 more of loanable assets. They dominate enterprises with, outstanding securities exceeding twenty thousand millions of dollars. "These few men comprise the huge pools which, artificially sustain and manipulate all large issues of securities, putting the quotation prices up and down at will and for their private profit. Their identity and transactions are hidden by the stock exchange. This makes them more daring, reckless and merciless. Every man who buys even one share of listed stock or one bond, whether on margiu, speculation or for investment, is blindly playing directly against this vast Gibraltar of financial strength, this craftj, crooked and soulless power. Ultimate loss is as certain as death to those who continue to dabble in Wall street. "These lawless and relentless masters of Wall street are trying hard to promote the legislation found in the Aldrich bill. They will be the principal beneficiaries. It will give them a ttrangle hold on the money supply. It will vastly increase their dangerous powers. It will enable them to cause panic at will. It will multiply their political power. By controlling tho secretary of the treasury they will dominate every bank in the land and build for themselves the greatest political machine in all governmental history. Nothing could dislodge it. "If this syndicate ever finds the load

oo heavy even for its giant resources, vhen it happens to be buying heavily o advance prices at a time when natiral conditions otherwise would lower hem, this emergency currency will ome in handy. They will have their anks take an armful of these securiies to the treasury of the republic and jxchange them for real money, which he syndicate will borrow and plunge nto the fierce and frenzied gamble. This will enable them to win against the public where otherwise they might lave lost, for they get the government's money at 5 per cent, while the public must pay, perhaps, JV) to 200 per cent on all loans borrowed on the open stock exchange. And they also get the money practically in unlimited quantities and pay it back only when they .get ready instead of when called, for tile government never can call in the emergency currency. It will be a dangerous curse to everybody else."

The new ice trust in Richmond differs little, if at all. from the popular conception of all other trusts. When the steel trust was formed we were assured the combination would affect great savings in production, with a correspondingly lower price for its products. The contrary proved to be true and we are paying more for steel products today than ever before. The local ice trust announces the new combination on the plea that competition has' caused great losses. It further claims that a great saving in operating expense will be effected, which saving will go into the pocket of the trust. Then not content, it announces a raise in the price of ice. Very trust-like, indeed! Mayor Schilllnger's announcement that he may appoint Jim Ladd to fill the vacancy left on the board of public works by the advancement of C. W. Merrill to be city clerk, will create very little surprise in the breasts of the citizens of Richmond. We all know what high regard the mayor has for the honor of the position the citizens have given him and how well he has lived up to his solemn promise to give us a business administration, free from all petty or partisan politics. And B. B. Johnson, the great friend of the people, the man who discovered the pernicious treachery of President Roosevelt to Secretary Taft, has formed a new ice trust! VOTERS CAST BALLOTS FOR DEAD MAN Kokomo Candidate Died Evening Previous to Election. Kokomo, Ind., Feb. ID Six hundred votes were cast for a dead man, Amos Powell, at the Republican county primary, yesterday. Mr. Powell, who was a candidate for commissioner of the Third District, died Monday evening. .The voters were informed of his death, but cast their ballots for him as a mark of respect. The death of Mr. Powell was the result of his energetic canvass for votes. He was taken ill last Thursday at Russiaville. J. II. Cragun, the only opponent of Mr. Powell, was declared the nominee. STOESSEL MA! BE T LIKE A DOG Court Martial Was Expected To End Today. St. Petersburg, Fi'u. 19 The trial of Lieut. Gen. Stoessel, reached the last act yesterday, the prosecution waiving the privilege of putting in rebuttal to the defense. The last word was given to the accused general, who uttered only a few sentences in a firm voice and shouldered the entire responsibility of the surrender of Port Arthur. "If the court decides mat the surrenaer was a crime, ne conciuaea. i asK for the death sentence."' The court Is expected to close the proceedings today. WELSH AND ENGLISH MINERS IN CLASH Johnston Emptied Gun in Another's Body. Steuben villc. O.. Feb. 19 Welsh and English miners clashed in the Wolf Run mines. David Johnston called Wm. Webster to the door of his home and emptied the contents of a shot gun into Webster's body, killing him instantly. Johnston was captured this morning. 0 Many State institutions use them BLACKBURN n 11 Many reasons why. You try them just once. D

Castor ii-Pilhj

Valparaiso, the South American City That Gave Admiral Evans and His Men a Royal Welcome

The people of Chile's main seaport were treated to tho most remarkable sight ever held in a Pacific Coast port in South America, when Admiral Evans' magnificent fleet of battleships swept into the harbor and was reviewed by President Montt. The picture shows the port of Valparaiso where this remarkably friendly naval demonstration occurred. Thousands of peoplo viewed the American battleships from surrounding hills.

THE SAME OLD STORY Congress Will Step on the Neck of "The People" and Pass the Aldrich Bill. CANNON ACTS AS A KING. Washington, Feb. 19. There is a considerable evidence of changing sentiment in the house of representatives in regard to the Aldrich bill. It Is possible that the leaders may yet be able to get the Aldrich bill through the house, notwithstanding the tremendous sentiment that has been manifested in the popular branch against it. "It shall be the Aldrich bill or nothing." was the ironclad pronouncement made by Speaker Cannon months ago and that is exactly the way he intends to hand it up to the house. Already representatives who were rampant against the Aldrich bill are beginning to show signs of reconsidering. ;: In thinking the matter over they are saying to themselves, in an undertone, that the people expect something to bo done at this session in the way of financial legislation and if congress fails to act they will hold the individual congressmen to strict accountability. Fear Constituents' Attitude. "It is a choice between the Aldrich bill and nothing," the congressman reasons. "If I vote against any sort of legislative relief for the financial situation I may get hit harder by the home folk than if I accept the only sort of legislation that can be had under the circumstances and vote for the Aldrich bill. I can then go home to my constituents and tell them that while I disagreed to many of tHa provisions of Aldrich's measure and re gret that I didn't have a chance to support something better, I did the best I could." It is surprising how many representatives who formerly were denouncing the Aldrich bill are coming around to this view. This change of heart is noticeable in the delegation from Indiana as well as from other states. Aldrich's speech has converted a good many members of the house. SPECIAL MEETING OF THE SCHOOL BOARD. H1BBERD AND VAILE SCHOOL HEATING PLANTS. At the School Board meeting last evenlnsr tha Mpmhprs linnnimnuslv voted to accept the Hibberd and Vaile ! school Heating and Ventilating Piants. so far, BOTH PLANTS have . given excellent service: the same are substantial anil wpll riPKismed Rntb ; Piants were contracted for and installed by Charles Johanning, the Heating Contractor. Each plant contains a Blower for mechanical forced Ventilation and Automatic Heat Regulation, maintaining the heat of the building at seventy degrees Fahrenheit, uniformly and constantly. LEADER OF BOXERS DIES IN CHINA Aged and Noted General in Disgrace at the Last. Shanghai, Feb. 19. Gen. Tung Fun Siang, the leader of the Boxers in the uprising in 1900. is dead. He had been banished to Kan Su. Gen. Tung Fuh Siang was regarded at one time as the ablest and most (powerful of the Chinese generals. He j was neither a Chinaman nor a Mani ehu, but was born in central Asia ! among Mohammedans. In the spring of 1900 he appeared at Pekin at the head of 10,000 troops, largely recruited from ex-Mohammedans. In Feb., 1901, In conformity with, the demands made by the ministers of the powers, Gen. Tung, together with other leaders in the tiprising, was ordered to be degraded and deprived of his rank.

GOVERNMENTS IRE STILL ANXIOUS Rumors of Amicable Settlement Not Given Credence.

Vienna, Feb. 19. While semiofficial assurances are given here that the prospects are brighter for an amicable settlement of the difficulties arising out of the Austrian railroad plan3 through mutual concessions, both the Austrian and Russian governments being sincerely anxious that there shall be no disturbance of the Muerzsteg agreement, it is declared in Anglo-Russian diplomatic circles that a satisfactory arrangement is still far distant. FORAKER MUST FIGHT Will Have to Take His Stand On the Affair at Once, Says Committee. MEETING WAS HELD TODAY. Washington, Feb. 10. President Roosevelt's friends in the Senate committee on military affairs are deter mined to close the controversy over the Brownsville riots and to compel Senator Foraker to make the most out of his defense of the negro troops of the Twenty-fourth infantry without further delay. Senator Warren, chairman of the committee, has determined to have a special meeting of the committee today to close the question. If all the members of the committee are on hand the meeting will be held and the report of tno majority sustaining the action of the president in ordering the honorable discharge of the three companies involved in the riots will be submitted. Senator Foraker has had a minority report, criticising the president and Secretary Taft and attempting to show that the shooting was not done by soldiers, ready for some time, but has been holding it back for use about the time the conventions to elect delegates to the national convention were being held in Southern states. SHAW OFFERS $1, TO GOOD GUESSER Wanted Them to Name the Next Cabinet. Kansas City, Mo., Feb. 10. Ex-Secretary of the Treasury Leslie M. Shaw confided in the Bar association here last night that he received a letter not long ago addressed to the secretary of agriculture. The title evidently has so grated on the financier that he has concluded the American people need a few lessons in civil government. He followed up the story of his own mistaken identity with a bold offer of $1,-; . to be divided between any five members present who would name the , members of the Roosevelt cabinet, j The challenge was not accepted. He cited this and other instances, he ! said, as illustrations that the American people do not meditate, do not put together things they read, do not analyze and do not study relations. Sheet iron is rolled so thin at the iron mills that 15,000 sheets are required to make a single inch in thickness. Light shines as readily through one of these sheets as through ordinary tissue paper. MASONIC CALENDAR. Wednesday, Feb. 19 Stated meeting. Webb lodse, No. 24, F. & A. M.

's orai Name Was Cheered to Echo When Mentioned in the Presidential Race. CONGRESSMEN WHOOPED. Washington, Feb. 10. Speaker Cannon's presidential boom received an impetus in the house of representatives yesterday, when Mr. Boutelle, his colleague from Illinois, brought the subject to the foreground as the climax of a half hour's speech. His remarks vere based on the fact that yesterday was the thirty-fourth anniversary of Mr. Cannon's first speech in the house. Mr. Boutello spoke with enthusiasm and when he closed with the remark that within the next few months "the plain people of the country would join the voters in Mr. Cannon's district in conferring upon him the Nation's final honor," the speaker was accorded a great demonstration. Speech Causes Demonstration. Mr. Boutello's remarks were punctuated throughout with loud applause on the part of the republicans and democrats alike. The first mention by him of Mr. Cannon's name caused u demonstration. Mr. Cannon occupied the chair and seemed taken completely by surprise. Upon the conclusion of Mr. Boutello's remarks the house and galleries, as a unit, indulged in loud and

CANNON

continuous applause and demands for ! rnen in the turret would come out una speech by the speaker. I scathed, except for the shock. Of Everybody stood up and cheered and course, there is no record in existence continued the ' demands until the Gf a monitor, the turret protected by

speaker arose. Everyone expected ! an 11-inch armor belt being struck him to say something in reply, but ' plump by 13-Inch shells of 850 pounds' amid shrieks of laughter he drolly said: j weight. All figures are purely theor"The gentleman from New Damp-: etical, but the belief is that a volun-

shire, Mr. Sulloway, is recognised for the consideration of pension bills." Mr. Cannon turned tlio gavel over to Mr. Capron of Rhode Island and retired to his room, visibly affected by the demonstration which had been accorded him. NOTICE F. O. E. There will be work, music, drill and lunch Wednesday night, Feb. 19th, I'JOJS. Every Eagle is requested to be present. j JOE WISHAUPT, President. J. F. HARTZLER, Secretary. ; It The nab Of The Body. The or?an around which all the other organs revolve, and upon which they are largely dependent for their welfare, is the stomach. When the functions of the stomach become Impaired, the bowels and liver also become deranged. To core a disease of the stomach, liver or bowels get a 50 cent or 51 bottle of Dr. Caldwell's Syrup Pepsin at your druggist's. It is the promptest relief for constipation and dy pepsla ever compounded.

Railroad Store Shoes Have Always Been Known as Money Savers Mow Prices Are Still Lower Emory RAM Remnant Sale Continued Until Rflarch 1st and to make the second naif of this great sale as much of a success as the first half, which was a record breaker, we vv7, beginning tomorrow, inaugurate a

Shoes for ah 1 at exceedingly low prices. Rubbers, Felts, Arctics, etc., also included. The best and biggest of all shoe sales. The Railroad Store.

FLEET HEARS PERU

Tomorrow Morning Evans and His Squadron Will Probably Get to Callao. SUSPICIOUS SHIP SAILING. Lima. Peru. Feb. According tu the elapsed time and the distance covered since leaving Puuta Arenas on Feb. s. it is evident that the battleships of Evans's fleet are proceeding at tho rate of about ten knots an hour. At tuis rate they should reacn Callao about midnight. It is probable, however, that they will slow down and enter the harbor early Thursday morning. The banks and commercial houst-s both at Lima and at t'allao have declared Thursday a holiday in honor of the American fleet, which is expected to arrive on that dav. SUSPICIOUS MOVES Of Jap Steamer in the Vicinity of Our Fleet. Valparaiso, Feb. The doings on the coast of Chile uf the Japanese steamer Kasato have, in view of the proximity of the American battleship fleet, attracted considerable attention here. The Kasato h-ft biukjueon January 23 and sailed out to st. Nothing was heard of her until two days ago, when she arrived at Tocopilla. a small maritime town iu Antofagasta Province, 14 miles distant from Iquique. The fact that the vessel spent -4 days between these two ports leads to the suspicion in some quarters that she has been observing the passage of tue American fleet or r-tudying the Chilean coast in the vicinity of Tocopilla. The Kasato is equipped with wireless telegraphy. SAILORS WILL BEHRED UPON Navy Department to Make a Startling Test. "Washington, Feb. 19 Tha Navy Department has under consideration probably the most startling test of the penetrating irower of shells, danger to life, and the resisting power of armor that ever has been tried in any navy. The proposition is to have the monitor Arkansas fire a 12-lnch shell weighing 850 pounds from a 60-ton gun a distance of two miles and have it strike the turret of a sister ship, tho Florida, which is being placed iu readiness for the trial. The astounding part of the test is the proposition to have in the turret of the Florida at tho time of the impact, a full turret complement of 12 men. The question of having a crew in the turret was discussed at length in the Navy Department. All paper figures, all statistics so far as weight of metal thrown, heat generated by impact, resisting power of armor, and ; other details would indicate that the teer crew can be secured to remain in the turret at the time of impact. The Drinking Man. One day I listened to a conversation between a merchant and bis hard beaded chief manager, a. youngish man, say thirty-eight, had applied for a position and was well recommended. The merchant was inclined to employ him; the head manager said: "Look critically at his eyes He Is addicted to drink." It reminds me of the following-little anecdote: "My eyes bother me a great deal, doctor. Do I need stronger glasses?" "No," said the physician; "I think you need weaker glasses and fewer of them." New York Press. Mrs. Sophia Crotto, one hundred and five, lives In Old Quebec. Her voice and appetite are good, but otherwise her faculties have failed. She says she daily prays to "le bon Dieu" to take her.

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We don't like to brag of our printing but for the life of ustwe can't see why we shouldnt do a little shouting, so long as our customers shout even louder than we do. A Quaker City customer is unusually a Quaker City enthusiast, and one or more orders, at most, will tell you why this is so.

Why not ter work? 'get wise" to betWe'll call and take your order. Call phone 1121. Quaker City Printing Co, Over 17-19 N. 8th SI. The Twilight Of Life. The muscles of the stomach in olJ arc u-t as mroritf or active as In ourti anj in cono Qurace old people are vrry subject to ccnutipatioa and tndigtion. Many tu-ldom bave a bowel movement without artificial aid. Many, also, have unpleasant eructations of fas from tne stomach after eating. All tins can be avoided by the nso of Ir. Caldwell's Syrup Pepsin, which permanently regulates the bowels so that passage come naturally, and so strengthens the stomach that tood is digested without discomfort. Druggist scU it at So cents or Si large bottle John CoppiUK, who claims to be the oldest polite superintendent in Ensland, has placid bis resignation tn the "hands of the Huntingdonshire justices, after an active and meritorious service of fifty-five years. Shredded Fodder and Clover Hay OMER G. WHELAN Feed and Seed Store 33 S. 6th St Phone 1679 Klblinger Motor Buggy, $375 And Upwards DOUBLE CYLINDER. Air cooled 9-10 II. P. The Automobile for winter. No water o freeze. No punctured tires. Simple safe and reliable. Built for country roads. W. H. KIBLINGER CO Box No. 320. Auburn ind. MINER &. COMPANY Commission Merchants Grain, Provisions, Stocks and Bonds. Members Chicago Board of Trad Phillips Opra Houso Bldg. Home Phone 1781. O. O. Murray, Manager. Round Trip Sunday Rates Every Sunday Via The C;SC. & L. R. R. To Cincinnati, O $1.90 To Cottage Grove, Ind 53 To Boston, Ind 23 To Webster 18 To Williamsburg .25 To Economy 50 To Losantville 70 To Muncie 1.20 To Marion 2.10 To Peru 2.93 Trains Leave going East, 5:15 a. m. Trains Lv. going West 10:33 a. m. Dally. For further information call C. A. BLAIR, P. & T. A, Home Tel. 2062. .Richmond. PALLADIUM WANT ADS. PAY