Richmond Palladium (Daily), Volume 33, Number 345, 18 October 1908 — Page 8

THE RICHMOND PALLADIU3I AND SUN-TELEGRA31, SUNDAY, OCTOBER 18, 1908. POSTAL SAVINGS BANKS' PROFITABLE MEGS IT 13 IE GREAT PROSPERITY They Point to the Genera! Conditions Over the Country So Says Postmaster General Meyer in Answer to Critics. tun MM GROSS EARNINGS GREATER. FOREIGN SYSTEM SUCCESS.

PAGE EIGHT.

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PRESENT SITUATION ALSO INDICATES THAT MORE LABORING MEN ARE BEING EMPLOYED

STOCKS INCREASE.

DEPOSITS ARE ENORMOUS FALLING OFF IN PROFITS IN ENGLAND IS DIRECTLY DUE TO OUTSIDE INFLUENCES.

New York, Oct. 17. Estimates of

railroad men just obtained, Indicate that the trunk lines of the country are earning in the present month an amount that equals if It does not surpass the earning of the corresponding period of 1907. In the first three weeks of September the gross earnings of

and the reported increase in traffic in the states where farming products are

xne cnier arucies ior transportation and in the stales where manufactured

Bl uuco ouypij luauu niui nuin, inane

October already is far in excess of the September tonnage. The pouring of increased revenues into th treasuries of the railroads is of great importance to both the laboring men,, the retail traders and to manufacturers. Reports received from various parta of" the country are that the increased traffic has compelled the roads to, hire more men, while the payment, of more waecs in turn has stim

ulated retail trade and has forced the merchants to send additional orders to wholesale houses and factories. The

because the railroads are the barometers of the business condition and the farmer's prosperity. When the railroads are busy, that is a sign that the working people have been turning out commodities for transportation, and that they are enjoying good wages. Increasing traffic means the employment of more men. The additional gross earnings of the roads again show how quickly the country has recovered from the panic of last fall. Confidence has been restored to business men. The assertion was made by several' men that the readiness with which business conditions responded after the panic was attributed to the republican administration. . While the moving of crops forms the greater part of railroad, traffic, the shipment of dry goods fronv wholesale

Other products that mean increased railroad tonnage is iron and steel. 'They report many orders. Another significant indication of improved business conditions is found in the reports of bank" clearances. For the month of September the total was 6.2 per cent greater than last year. The payment for crops, for stocks, in

and wage earners incresed. the deposits and the withdrawals from banks by checks. The payment through

clearing houses in 101 cities in the country amounting to more than eleven billion dollars, a gain of 8.4 per cent over August. The figures of bank clearings tell more than words how confident merchants are throughout the country that under a tariff and careful federal rdministration business tends to grow better each week With th dlsanrwaranrn of rpmlnd-

. ers of the financial stringency the rapId rise in the nrlces of stocks is an-

other forecast of the confidence of business men in the election of Taft and of the reign' of prosperity that is sure to follow. Men who deal in stocks make it a point, to live four or five months ahead of the industrial conditions and their optimism in paying gradually higher stocks ever since Taft was nominated for the presidency shows their faith in him and their confidence that industries and railroads will have a greater earning power next year than last year.

Had a Close Call. Mrs. Ada L. Croom, the widely known proprietor of the Croom Hotel, Vaughn, Miss., says: "For several months I suffered with a severe cough and consumption seemed to have its grip on me, when a friend recommended Dr. King's New Discovery. I began taking it, and three bottles effected a complete cure." The fame of this life saving cough and cold remedy, and lung and throat healer is world wide. Sold at . A. G. Luken & Co's drug store. 50c and $1.00. Trial bottle free.

Washington, Oct. 17. Postmaster General Meyer has expressed himself with vigor concerning recent criticism of the postal savings bank plank in the republican platform. Some of the criticisms have appeared in newspa

pers ordinarily friendly to the administration or at least supporting the re- j publican national ticket in the cam- j

paign. In reply to an editorial statement that postal savings banks have been a faiJuie in European countries Mr. Meyer said today: "To assert that the system of postal savings banks has seen an utter failure abroad and therefore ought not to be tried in this country, displays surprising ignorance concerning the whole subject. In England where postal savings banks have existed for forty-five years, the system has grown so substantially that according to the last annual report there were 1G.32O.204 deposits. The annual amount deposited has grown to be upward of $215,000. From 1905 the interest accredited to depositors aggregated $17,500,00. An addition of nearly $20,000,000 was made in 1905 to the amount standing to . the credit of depositors, which at the beginning of the present calendar year, had reached the immense total of $7W,555,70O, an average of something over $75 to each depositor. Explains Loss of Prifits. "It is true," continued the postmaster general, "that- the profits of the postal savings bank system in England during the last few years have not been so great as in the years preceding and there is even a loss in its management at the present time, but this is mainly due to the decreased interest on consols, in which the funds are largely invested. "Had the British government deemed it advisable the rate of interest

paid to the depositors could have been j

decreased, but owing to the large volume of profits received by the government previously it was deemed unfair to the depositors to make this reduction. The postal savings bank system In Great Britain and other European countries has been a decided success, and statements to the contrary from persons who are interested in having the growing sentiment In their favor squelched In this country must be branded as undeniably false." Paying his respects to the resolutions against the establishment of postal savings banks which were adopted

by the bankers in their recent convention at Denver, Mr. Meyer said that these sentiments were no- of the rabid sort which some of the newspapers denoted them to be, but were only representative of the protest which might be expected from the bankers who saw in the establishment of the government saving scheme the disappearance of a share of their own business. Bank Guarantee Is Tricky. "The postal savings bank system can by no means be likened to the proposition advanced by the democrats for

the government guaranty of bank, de

posits," said Mr. Meyer. "I consider the last scheme an insidious attempt to fool the voters of the country into would eventually bring to the country more disaster than the formerly proposed free coinage of silver." Postmaster General Meyer is preparing himself with information concerning the postal savings bank system, which he may use in a series of campaign speeches if it appears that the government guarantee of deposits feature is making dangerous headway.

TO OFFER 50,000 RUBLES. Russia to Investigate Aerial Navigation.

St. Petersburg, Oct 17. A competition is to be announced in 1909 by the Russian chief engineering board for

air balloons, built according to the principle "heavier than air"; 50,000 rubles will be appropriated for premiums for the h- ' Meet.

KILLS HIMSELF TO SAVE DOCTOR BILLS

St. Louis Man Thought of Wife

- And Children.

WOULD MOfv.v ,E THE FARM. A farmer on Rural Route 2, Empire, Ga., W. A. Floyd by name, says: "Bucklen's Arnica Salve cured the two worst sores I ever saw: one on my hand and one on my leg. It is worth more than its weight in gold. I would, not be without it if 1 had to mortgage the farm to get it." Ouly 25c at A. G. Luken & Co's drug store.

Even the children are saving their pennies to assist in swelling the funds for the Reid Memorial Hospital. You will have a chance to follow the footteps of the children. Get a tag.

East St. Louis, 111., Oct. 17. To pre

vent his wife and eight children from becoming impoverished by his illness,

August Figi cut the arteries in his

wrists and died in the Henrietta hos pital here.

Almost the last thing he said to his

wife was: "It is no use wasting what little money we have in doctor bills

and medicine for me. The children

need it for winter clothes."

MUST NOT SPIT.

Floors of Federal Building Are to be

Protected. Postmaster Spekenhier has recelv

ed notice from Postmaster General

Meyer, requesting him to post a notice

reading as follows in the lobby of the

local federal building:

"Do not spit on the floor; to do so

may spread disease."

Postmaster Speikenhier is further

Instructed to call upon local authorit

ies in the enforcement of the order if

he finds it necessary to do so.

Next Wednesday is Hospital Day,

Get a tag.

Because we advertise goods and sell them so cheap, some people that we would like to have for customers think our goods are not high grade goods, and let it go at that without any further investigation. To all such we issue a special invitation to visit our store to see for themselves the high class goods we put out for the money. Now, as the 1908 fall season is on, you will find a very large stock of the season's best merchandise at prices so low you will be agreeably surprised. All we ask is for you to investigate and put us to the test and you will find that there is but one store in Richmond that really saves you money and that is

mm

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BLANKETS National Color Blankets in good weight at per pair ...48c 10- 4 Grey Blanket, Pink and Blue Borders, per pair ..69; Heavy Grey Blankets, 54x74 in. wide, border, per pair 75c 11- 2 Heavy German Finish Gray Blanket, 64x80 in., a tine large one,, per pair 98c Extra Heavy, large 11-4 Blanket, extra good value, per pair SI.50 WOOL BLANKETS Large, Heavy Wool Blankets at .$3.98 $5.98 & $6.50 COMFORTS We can sell you Comforts less than you can make them. Heavy, well tied and covered Comforts at 98c Large Comforts, made of good qrades of cotton and well covered and knotted at $2.48, $ 2.25, $ 1 .98 & $ 1 .75 OUTING FLANNEL We have a very large assortment of Outings and we are giving better values for the money than most stores. Bleached and Unbleached Outings, worth more than we ask, per yard 12c, 10c, 8 I -3c, 61c & 5c Fancy Outing, all good colors and patterns, go at per yard 12c, 10c, 8 I -3c, 61c & 5c We have Sweater Coats of all kinds for men and boys, the most popular garments for winter ever made at $1.98, $1.50, $1.25, 98c, 75c, 50c, and 25c. Men's Work Shirts in good colors and well made garments, at 39c

Ladies' Fleece Lined Wrappers', "! all the patterns at.. 98c Ladies' Fleece Lined Dressing Jackets, all sizes at ...48c Ladies' Gowns, in Outing Flannel of various colors and qualities at 98c, 75c & 50c Men's Flannelette Gowns, all sizes and qualities, at 98c, 75c & 50c Ladies' and Misses' Outing and Flannelette Underskirts at 98c, 50c & 25c Ladies' Wool Knit Underskirts 98c, 50c & 25c Heatherbloom Underskirts, at bargain prices, $3.48, $2.93, $2.50, $2.25, $1.98. Men's, Ladies' and Children's Golf Gloves at ..50c & 25c A Special lot sample Cushion Tops at 25c DRESS GOODS AND SILKS Don't Overlook Our Dress Goods Department when you are buying. W make a specialty of Moderate Priced Goods, and we believe we can please you. Fine, All-Wool Suitings, in the popular colors and patterns, 54 inches wide, at $1.00 Full yard wide Suitings, in beautiful colors and figures don't miss these at 50c Yd. Half Wool Suitings in Blues, Blacks, Reds, Browns and Greens, full yard wide, at 25c Yd. Plaids, Checks, Novelties and Plaids, in various colors and widths; ask to see them, at . 25c, 19c, 15c, and 1214c Flannelettes and Fleece Backs are good now, and we have a splendid lot to select from at 12'2C, 10c, 8 1-3e White Waistings in Heavy Madras, with Silk and Mercerized Stripes, beautiful goods at 25c Yd. Beautiful Patterns in Silk for Waists in Greens, Browns and Oriental Designs, at $3.25, $2.98 per pattern A special in High Grade Silk in Red, Brown and Black, 28 inches wide, at 40c Yd.

Visit Our Millinery Department before buying your Fall Hat. We will sell you for $3-98 what you will pay others $9.00 or more. " Get our prices on Suits for Men and Boys. We sell them for less. Let us show you. So,e AaenU for May Manton' pattern the Best Patterns Made. 10c

no

'S

Will Be Unveiled at National

Cemetery.

Spottsylvania, Va., Oct. 17. The

beautiful monument erected to com

memorate the valor and heroism of General Humphries' Civision of the

union army will be unveiled Novem

ber 12 in the national cemetery at

Fredericksburg, Va.

Joint invitations from the Pennsyl

vania and Confederate veterans will be sent to President Roosevelt, and the members of his cabinet, army officers, the United States Marine band, the

Richmond artillery blues, and other state militia to be present.

Governor Claude A. Swanson and

United States Senators Martin and

Daniels, of Virginia, and other prominent citizens of Pennsylvania and Virginia are expected to take part in the

exercises.

EDUCATOR OPPOSES LITTLE TEDDY BEARS. Scranton, Pa., Oct. 17. "When mothers teach their children to fondle an ugly animal instead of timehonored playthings, it is high time that something be done," said State Superintendent Corson, of Ohio, in opposing Teddy bears for children. He made the statement in an address at the county teachers' institute.

NEW JERSEY

IS FOB TAFT

All Factional Fights Have Been Settled.

Wednesday, October 21, is hospital day. Be sure and get a tag!

WITHERSP00N STATUE. Monument to Signer of Declaration of Independence. Montclair, N. J., Oct 17. W'lliam Couper, the distinguished sculptor of Upper Mountain avenue, has just completed a statue of John Witherspoon, one of the signers of the Declaration of Independence. The statue is of heroic size and will be cast -into bronze at once. "It is intended for the city of Washington, and will be placed at the junction of Connecticut avenue and Eighteenth street northwest, only a few blocks from the statue of the poet Longfellow, which was also sculptured by Mr. Couper. The figure of tne great New Jersey patriot is of heroic size and is of a very commanding presence.

DEMOCRATS FORM JAFT LEAGOE Purposes to Protest Against Bryanism.

New York, Oct. 17. Following the

lead of the Richmond Democrats, prominent business men of Baltimore, who have always been indentlfied with the Democratic party, have formed a Taft Democratic League. The purposes of the organization are to protest against Bryan and Bryanism and to do everything possible to help carry the state of Maryland for Taft. While the organizers of the Baltimore club are confident that Maryland will go for Taft they feel that the prosperity of the ountry depends so much upon his election they want to take no chances. The membership of the club is limited entirely to Democrats and Independents, and is open to persons from every section of Maryland.

New York, Oct. 17. Reports received by the Republican National Committee indicate that William H. Taft will carry New Jersey in his race for the Presidency by as great a majority as did President Roosevelt four years ago. Though the Presidential fight in that State is just beginning to liven up, the Republicans already have been welded together in solid array for Taft. Factional disputes that for a short time obscured the preparations for the national election have been settled harmoniously, and between now and November 3 the Jersey Blues promise to wage one of the most enthusiastic campaigns in their history for Taft.

Even the children are saving their pennies to assist in swelling the funds for the Reid Memorial Hospital. You will have a chance to follow the footsteps of the children. Get a tag.

Terre Hanle, Indianapolis & Eastern Traction Co. Eastern Division (Time Table Effective Oct. 27. 1907.) Trains leave Richmond fir Indian-

apoliw and intermediate stations at 6:00 a. m.. 7:25, 8:0. 9:25. 10:00, ;i:00. 12:00, 1:00. "2:25. 3:00. 4:00. 5:25.' 6:00. 7:30, 8:40, :00. 10:00. 11:10. Limited trains. Last car to Indianapolis, 8:40 p. m. Last car to New Cattle. 10:00 p. m. Trains connect at Indianapolis for Lafayette, Frankfort. Crawfordsville. Terre Haute, Clinton, Sullivan. Paris (Ills.) Tickets sold through.

Custom Shirts..

Guaranteed to fit and wear " Made in Richmond " By experienced shirt cutters and makers. Pajamas and night robes. Monograms and Greek Letter Designs. The Elrod Shirt Co. N. E. Cor. 9th and Main

.... .....Hers. So far as is known, the first recor of punishment by tar and feathers i In the yesr 1189, the first of Richard I At that time a law was passed tha "any robber voyaging with the cru saders shall be first shaved, then hoi pitch shall be poured upon him and a cushion of feathers shook over it.' After this the criminal was to be pal ashore at the first place the ship came rb

Wednesday, October 21, is hospital day. Be sure and gat a tax.

ENGLISH MINERS ON EIGHT-HOUR DAY Bill in Their Favor Sure to Be Made Law.

London, Oct 17. The English miners eight-hour bill, being a government measure, its enactment Into law seems certain. The bill is to become operative in five years after Its passage and the eight hours' maximum provided for a day's work below ground in the mines Including to and from work.

Fashion Note Tags will be worn In Richmond next Wednsdv owine to

ltte observance of Hospital Day. 1

STATE RAILROAD RUNSJO THE PEN Texas Soon to Operate a New Line.

Austin, Tex., Oct, 17. The state of Texas Is soon to begin operating a railroad owned by itself, which was built to handle the products of the Rusk penitentiary, principally iron and pipe. The government road establishes a connection with the Texas & New Orleans and International & Great Northern and will carry both freight and passengers. The town of Palestine Is now agitating an extension of the line to that point in return for which it offers a right of way and bonus.

Do not forget to get a tag next Wednesday for It's Hospital Day.

wUWI Relievos aonr stomach.

oalDitatioa of the heart. Digests whatjpoaea.

INSURANCE, REAL ESTATE LOANS. RENTS W. H. Bradbury & Son t

j Rooms 1 and 3, Wettcott BIk

Moore & Ogborn Insurance, Bonds and Loans. Real Estate and Rentals.

Both phones. Bell 53R. Horn T589.

Room 16 I. O. O. F. Bidg.

Henry W. Denker

FANCY GROWER

High Grade Cof lees and Teas Cor. 6tn St. and Ft. Wayne avc Pnone 1201 Established 1874

WE COULDN'T AFFORD to send you a poor grade of coal the first time or subsequently, If we wanted to remain In business for the first bad lot would mean our last order. ' We have the coal to make your fire for heating or cooking, burn the way you want it, most of heat, least of ash, nothing of slate or dirt Only reason for asking your orders. H. C. BULLERDICK ZL SON Pnone 1225

Overcoats

NO MORE

NO LESS

At a positive saving oi $5.00 FRED'S RICHMOND

PALLADIUM WANT ADS. PAT

-HARMON SHOFER-

oO

First Class Livery Now Coaches Special for Fan oral and Wedding Parties South 6th and A Sts.

8WEET CIDER . NEW CHESTNUTS NEW HICKORY NUTS DRY POP-CORN HADLEY BROS. e ''0'4e