Richmond Palladium (Daily), Volume 33, Number 6, 21 February 1908 — Page 4

THE RICHMOND PALL AD I U3I AND SUN -TELEGRAM, FRIDAY, FEBRUARY 21, THE RICHMOND PALLADIUM AND SUN-TELEGRAM. WORLD'S WONDER JEOPARDIZED BY BUSINESS GREED Palladium Printing Co., Publishers. Office North 9th and A Streets. Makes the most nutritious food and the most dainty and delicious. RICHMOND, INDIANA. PRICE Per Copy, Daily 2c Per Copy, Sunday 3c Per Week, Daily and Sunday 10s IN ADVANCE One Year $3 CO Entered at Richmond, Ind., Poatofflce As Second Class Mail Matter.

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ALDRICH BILL CONDEMNED. For the benefit of some of our friends in the financial circles of Richmond, who have seen fit to criticise us for our opposition to (he' Aldrich currency bill now before congress, we reprint the following editorial from the New York Press. Half a glance at this editorial will be sufficient to prove that even in New York, the home of the greatest gambling hell in the world, Wall street, the prevailing penUment as expressed both by the newspapers and by the honest bankers of the state, is against any and ail currency legislation of the Aldrich"Wall street kind: "What support the Aldrich bill has from the public, if it has any, ought to be advertised as a curio. The New York State Bankers' association is certainly representative of general financial institutions. Banks within our boundaries experienced so severe a trial last fall that they cannot be indifferent to the dangers of the present currency Bysteni. It cannot be possible that they would not welcome Tefortn and relief if they saw the possibility of such in the Aldrich measure. Yet the State Association condemns that proposed legislation incontinently. This resolution expresses Its opinion: That the bankers of the State of New York unequivocally disapprove the provisions of the Aldrich bill; that they do not approve a bond-seemed emergency currency; that they demand an elastic currency based on bank assets, as provided in the measure of the Currency Commission of the American Bankers' Association. The president of the state association explains in detail that the Aidrich scheme, with its currency based on liabilities and not assets, would hurt rather than help a strained situation, "for to afford relief banks who issue this currency must necessariU borrow bonds on which the issue is based; for to buy .the necessary bonds out of their resources banks would have their capacity toward relief of the business community lessened rather than increased by the process. In other words, it would cot, say, $100 for each $75 of current issued un

der the conditions of the bill.". He makes clear what is needed: The currency that this association should demand Is an emergency cur-i rency, one elastic, based on assets; J and it is said by the best authorities that the best asset on a solvent bank Is Its commercial paper. An elastic currency is what is wanted, one regulated by the demands of business, to be issued when the manufacturers want to borrow and to be retired when the merchant pays for his goods. This applies equally to the moving of the crops, which, by the way, generally takes from $50,000,000 to $75,000,000 out of New York city, reducing its available credit at the very time when the legitimate demand for loans is increased. Business interests are in accord with the bankers, as is shown by the action of the Merchants' Association, which accepts the report of its committee on banking in condemnation of ihe Aldrich measure. Among other things this report says: They regard as essentially unsound the principles embodied therein, that a currency should be based upon fixed securities of any description. The note issues, as well as the deposits of a bank, are obligations payabl-3 on demand, and the. bank should hold as security against such liabilities notli-' ing but quick assets, such as actual cash, secured notes payable on demand, or commercial paper liquidating itself at par at the end of a short period of months. It is no safe function for a bank of deposit or issue to invest assets held against demand obligations in long-term notes, bonds or mortgages, the conversion of which into cash in times of stringency can be accomplished only at sacrifice of the principal, if at all. And it is the unanimous opinion of the committee of the Merchants Association that, "rather than accept legislation of the character of the Aldrich bill, which we feel in its ultimate results would be most disastrous to the commercial interests of the country, it would be preferable to have no legislation at all. In spite of the manifest necessity of some relief to the present intolerable situation." The only currency reform that will lessen the evils and remove the danger of the present system is one that will assure more money f-T more businesspreserving the normal proportions with an automatic shrinkage of the excess currency when business proportionately subsides, or wheu it naturally liquidates. When this currency is dependent upon the business Itself it will move up end down with the rise and fall of the latter volume - r-s reasonably as when farmer takes ten scks for tha potatoes ihat will fill that number, twenty if there Is twice the quantity, and sen thousand if there are enough potatoes for them, retiring the sacks from us? as his crop fails. About the Aldrich bill there Is absolutely nothing- to give men result. If it is of any use It must be to stock market speculation. Conpress ought to be able to see the bad politics in a Fcneme of that sort." There is no American fire insurance 'company doing business in Chile.

British Scientist Declares that Niagara Falls are Endangered by Commerce.

Washington, Feb. 21. Dr. J. W. Spencer, the British scientist, who was commissioned by the Geological survey of Canada to make an investigation of the Niagara Falls problem, at the instance of the American Civic Federation, has appeared before the house rivers and harbors committee regarding the request of the Ontario

WASHINGTON AND HER LAWMAKERS Interesting Incidents In tbe Routine oi Dally Life at

(Mrs. John A. Logan.) Washington, D. C, Feb. 21.-Club women of Washington have again become interested in the subject, "race suicide," and tne keen interest manifested in the discussions would make it appear that the matter was being discussed for the first time. Cardinal Gibbons has just uttei-ed some very able, criticism on the subject, and has expressed in letters of gold the duty of a wife and mother. He emphasizes the crime of older women insructing young mothers how to avoid the responsibilities of motherhood. The Cardinal's characterization of "indiscretions and dissipations that seem to fascinate some of the American women within recent years." is not too severe ,and no doubt many innocent young women are influenced by their older associates to avoid care so as to enjoy "a good time," without realizing that while they succeed in relieving themselves of care and responsibility they are committing a great mral wrong. The fact that they have been married does not lessen their crime or place them above those whose abandoned lives these same women express great horror. If women are to be held blameless for the practice of race suicide, the nation is destined to serious degeneration. His Eminence says truly "Woman is the pattern of virtue. Do People Shun You ON ACCOUNT OF FOUL BREATH FROM CATARRH? THEN READ BELOW. "My, My! What a Breath! Why Don't You Have Gauss Cure That Catarrh?" If you continually khawk aud spit and there is a constant dripping from the nose into the mouth, if you have foul, disgusting breath, you have Catarrh and I can cure it. All you need to do is simply this: Fill out coupon below. Don't doubt, don't argue! You have everything to gain, nothing to lose by doing as I tell yon. I want no money just your name and "address. FREE This coupon is good for one trial package of Gauss' Combined Catarrh Cure, mailed tree in plain peckage. Simply till in your jiame and address on dotted lines below and mail to C. E. GAUSS, 1712 Main Street, Marshall, Mich.

Power company, for a power franchise to develop which would require fortythousand cubic feet of water per second, would have on the falls. It was contended by Dr. Spencer that this request is for from I'O to iJT per cent of the discharge of Niagara river, and would greatly impair the characteristics of the whirlpool rapids; lower the river bed up to the falls; break up the surface rock at the foot of the American falls and Goat island, and thereby cause a more rapid recession of the Horseshoe. "The diversion of the water.-' said Dr. Spencer, "will destroy about SoO feet of the eastern side of the great

alike to maiden wife and mother. She exhibits the virginal . modesty becoming the maid, the conjugal fidelity and loyalty of the spouse and the untiring devotedness of the mother." 'Those who do not live up to this model are surely doomed to create for themselves untold misery. How women, appreciating their privileges, can give countenance to gambling, smoking and "race suicide' is beyond explanation. Women of all classes are supposed to have a natural tendency to virtue, and on this account she is supposed to receive the care and protection of the stronger sex, but howcan she hope to maintain her proper position and the reverence of man when she participates in the vices that are supposed to be monopolized by men? There are none so ignorant as not to have seen the consequences of indulgence in vices and to know that the inevitable end must be fatal. Dr. William T. Taylor of Richmond, Ya., well known in Washington, has aroused the indigation of women everywhere by his startling diatribe on women. He presumptiously tries to make the impression that scientific knowledge enables him to give so minute a diagnosis of woman, whom he .'anathematizes as "appalling apparition who can only hide her deformities by adaptation of dress." He styles them "a freak," built on the most forbidding plans an dspecificatlons." Washington women do not like this one bitThe kindest thing that can be said of the doctor is that he must be smarting under a keen disappointment, as assuredly, no man with a healthful mind, will allow himself to give utterance to such sentiments as the following 'The honor of man she holds in the hollow of her hand. She does not understand the meaning of the word truth unless the truth happens to be identical with her own ideas. Man is morally, mentally and physically the superior of woman. "Her super-sensitive virtue, alarmed without, just cause, or a morbid yearning to display it, her selfish fear or her malice, may bring forth a groundless accusation which may be fatal to her victim or impress a stain that vindi cated innocence itself cannot entirely efface." After expatiating upon her wiles, he expresses the opinion'that it is only before a coroner that woman's true nature is revealed. He sneeringly asserts that all women should marry, but no men should marry . which shows conclusively that there is something radically wrong in Dr. Taylor's head, and that he does not realize how absurd he makes himself. If it were not for woman's respect for her father, and her husband, if she had one. she might reply to Dr. Taylor's daring characterizations of the female sex in a way even more unflattering to hi3 sex. As a matter of facf, all creatures are God's own handiwork, and the sex has nothing to do with the mental, moral or physical nature of a man or woman. It is rather amusing that, the doctor should decide that man is morally, mentally and physically the superior of woman, when by his own utterances he betrays the fact that he has no claim for superior mental qualities at least. He seems to doubt the morality of all women -an Insult to the sex. He assuredly has never examined the census and statements of tbe heads of departments of the government where women nave been employed, or of the managers of great private enterprises who employ women as cashiers and in other confidential positions. It would be difficult to trace a single dishonest woman or one who has betrayed her employer. There may be vindictive women, and there are doubtless many who are very unworthy, but to every one of them, one would be able to find at least ten unworthy men. Without introducing one single iota of evidence .to prove hi reflections up-

Horseshoe and break up the American falls into separated streams. The total length of both falls will be contracted from nearly -UH feet to, say, l,o, and the diameter of the great fall from 1,"JX to Kuo feet. This diversion of the water will produce a shrinkage of the horseshoe, so hat what remains will be entirely on the

Canadian side of the boundary line. the Chicago canal, which at present is On account of the lowering of the : taking 5.itu cubic feet a second, or water in the basin above the upper rap- about half their rights. In connecids, it .will increase the slope of the tion with their calculations for reriver so that, the surface of Lake Erie , pairing the harbors and canals thus will be lowered by three feet. Again, damaged, the 1. S. engineers calculatthe lowering of lake Erie will in the ed thai to increase the depth even one same manner lower lakes Huron and , foot would cost over rxMMH.-'

SN WOMAN'S EYES the National Capital. on women, Dr. Taylor writes himself down as a man of superlative conceit and audacity. His statements will make little impression, for he will only succeed in arousing the indignation of men who have a better opinion or women. SUES COLLIERS Demands $150,000 of the Magazine. - Washington, Feb. 2 Collier's Weekly, which has achieved a reputation for making charges against public men, finds itself facing a damage sunt for 150.OX) in the supreme court of the' District of Columbia. The plaintiff is William Wolf Smith, an exresident of Indianapolis and son of William H. Smith, the veteran Indiana historian. Mr. Smith, who is a publicity agent, alleges that Collier's Weekly libeled him in articles published in March. 1906, and Feb. 23, 1907. The parties named as defendants are Peter F. Collier and Robert B. Collier, publishers of the weekly, and Norman Hapgood, its managing editor. A lobster caught at Castine, Me, measured thirty-seven and one-half inches from tip to tip, and weighed minus one claw, seventeen and onehalf pounds. The title of the "oldest Harvard graduate" has passed to Charles Henry Parker, at Boston, since the death the other day of Charles A. Welch. Mr. Parker graduated from the class of 33.

BANK STATEMENT

Report of the Condition of The Second National Bank, at Richmond, in the State of Indiana, at the close of business, Feb. 14, 1908. No. 1988. RESOURCES. Loans and Discounts " 994 647 u7 Overdrafts, secured and unsecured ' 1 456 7'j U. S. Bonds to secure circulation 25o!oOO oi) U. S. Bonds to secure U. S. Deposits 1.000 00 Other Bonds to secure U. S. Deposits 110 000.00 Bonds, securities, etc '13 3K0 00 Banking house, furniture and fixtures 10,000.00 Other real estate owned 7 6 .0 00 Due from National Banks (not reserve agents) $ 28,597. 71 Due from State Banks and Bankers 55,155.55 Due from approved reserve agents 4ii,3is.2S Checks and other cash items 291.79 Notes of ether National Banks 30,000.00 Fractional paper currency, nickels, an J cents 176.92 Lawful Money Reserve in Bank, viz: sPecie 201,500.00 Legal-tender notes 54,000.00 Ml.040.25 Redemption fund with U. S. Treasurer (5 per cent of circulation) 12.500.00 Total f 2,1 11,674.11 LIABILITIES. Capital stock paid in. . . $ 250,000.00 Surplus fund 300,000.00 Undivided profits, less expenses and taxes paid - 102,055.96 National Bank notes outstanding 250,000.00 Due to other National Banks $ 23,348.75 Due to State Banks and Bankers 23,083.24 Dividends unpaid 25.00 Individual deposits subject to check 1,292,110.67 Demand certificates of deposit 69.7S3.17 Cashier's checks outstanding 393.02 United States deposits 100. S72 l,"03,C15t.l5 To-al .' $2,411,074.11 State of Indiana, Count y of Wayne, ss: I. Sam'l W. Gaar, cashier of the above-named bank, do solemnly swear that the above statement is true to the best of my knowledge and belief. SAM'L W. GAAR, Cashier. Subscribed and sworn to before me this 21st day of February, 150S. KATHERIXE L. GIFT, Notary Public. Correct Attest: JOHN B. DOUGAN. TOHN R. HOWARD, ' , X. W. SMITH, Directors.

Michigau. Already, with a partial use Lake Erie has been lowered ten inches, but this is not apparent to the superflcial observer, owing to the very high water which has prevailed during the last four years and especially the last two years. But this condition cannot be expected to continue. This amount of lowering includes that of

VANS J CHARGE Rear Admiral Thomas However, Will Represent Him at Official Ceremonies. WELCOME AT CALLA0. Callao, Feb. 21. The American battle ship fleet under Rear Admiral Evans, looking clean and trim and powerful in the tropical sun, is at anchor in the port of Callao. Callao is in holiday array, wishing to show that Peruvian hospitality is second to none in South America, and many thousands viewed from the wharves, the headlands and the ships in the harbor the imposing scene. Enthusiastic crowds are going on excursion steamers and cheering the American men-of-war. The only regrettable feature of the entertainments arranged in honor of the visitors is the fact that the commander himself, Rear Admiral Evans, will not be able to attend. It was stated that Admiral Evans, .who has been suffering almost from the beginning of the voyage from rheumatism, is slightly better, but he does not feel that he should risk the danger of coming ashore. Rear Admiral Thomas, commander of the second squadron, will represent him at the official ceremonies attendant upon the visit, but Rear Admiral Evans is still the commander of the fleet. The battle ships will remain here prpbably for ten days and will be joined by the toredo boat! flotilla near the close of their stay at Callao. Arrangements have been made for festivities of all kinds, including a bull fight, at which not less than 5,000 of the blue jackets will be seen, and a regatta for which preparations have been goirg on for several weeks. President Pardo will give a public reception to the officers this afternoon and Washington's birthday will be made a gala occasion.

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lly a recent report it appeals that there are now ;;.74G miles of railway iu operation in China, 1,622 miles under construction and still other lines soon to be undertaken. The total is yet very small for such a huge country, but the progress of the last ten or twelve years points clearly to u breaking down of the old objections to railways and gives assurance of

our Specials For This Week IS lbs. Granulated, 19 lbs. A, or 20 lbs. C Sugar $1.0j 25 lbs. Pride Richmond, White Lily, or Carpenter's Fancy Patent Flour 70c XCello (fresh stock) 4 packages for r 25o White Fish (bulk) good size, each ,. 1 5 lb. Pail Family White Fisfi 45c Cromarty Bloaters, :; for 10c ii lbs. Fresh Ground Buckwheat Flour and 30 Stamps 30c Sauerkraut, per lb 5a Evaporated Sweet Com (milky) per lb 10o 1 lb. Our Special Blend Coffee and 23 Stamps 250 :5 lb. can whole Tomatoes, per can ...,10c 3 Bars Santa Claus Soap for .......10o 7 bars Lenox Soap for 25c 1 lb. Fancy Imperial Tea and CO Stamps 60c Best Square Crackers, per lb ........... 5c Rugby Wafers, 30 for ,10c A No. 1 Good Ginger Snap, per lb , 5o

Model Department Store, IIS. 7th St. Interurban Station. Colonial Bldg. New Phone 1838. Bell Phone 47R Smith & Goodrich, Props.

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We have had wonderful success with, $1 Hats and $10 Clothing. We are now adding to this popular line, another equally as popular line $15 Suits and $2.00 Hats making the largest and most varied stock of a new-bought, you-now-want Clothing in two prices ever offered in this market. We shall not weaken our $1 and $10 line by the addition of the $2 and $15 line, but shall make it larger and stronger than ever. With this combination of better values we shall be able to give our customers bargains not found In any other store. In buying these goods special attention has been paid to worth, style and attractiveness rather than to the cost we had to pay. We have taken every known cash discount and used our best buying ability in trying to purchase these goods to offer at these prices and we can't succeed unless our trade is large in volume, as we are giving you goods at small Profits all the year around and are not charging extravagant profits in season and no profit out of season as the average clothier does. Come let us save you from $5 to $10 on your new Spring Suit and from $1.00 to $2 00 on your new black or brown Spring Hat

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more rapid development in the ftiture. New York Sua. New York ha 1.518,150 acres of timber reserve, mostly in the Adirondack, and in his late message Gov. Hughes recommended that the State purchase a large amount more. PALLADIUM WANT ADS. PAY