Richmond Palladium (Daily), Volume 35, Number 363, 7 November 1910 — Page 6

THE HICIIMOXD TALL ADIU3I A-iD ,SU::-TELSGSA3r, MONDAY, ,XOVE31BER T, 1910. POSTAL SAVIUGS Market Reports

rAfiE SIX.

Trustees For Postal Savings Banks

mm law iu ut EFFECTIVE SOOII Postmaster General, Secretary of Treasurv. Attornev

w w r General and Committee Are Working Out a System. RULES EXPECTED TO BE NEARLY PERFECT Banks Will Be Conducted Strictly on Banking LinesOpenings of Accounts Will Be Quite Simple. ' (American News Service) Washington, Nor. 7. The law creating postal savings banks, which waa signed by President Taft, .June 30, last, will become operative within a few weeks. Since the date of the approval of the law tho Postmaster-General, the Secretary of the Treasury and the Attorney General, who constitute the board of trustees, have been dilligently at work, assisted by a special committee of employes of the Postofflce Department appointed by the Postmaster-General, to perfect the details for putting the postal banks In operation. The special committee has had the advantage of the laws governing the postal savings banks in Great Britain. France, Austria. Italy and other countries, the result being that the rules and regulations to govern the postal savings banks In the United States will be aa well nigh perfect as Is possible. To Be No Pasa Books. The postal banks will be conducted on strictly banking lines with the exception that there will be no pass books, certificates of deposits being Issued In duplicate. The opening of an account will be a very simple proceeding. Any person ten years of age, or over may open an account in his or ber name for one dol!ar. The Mm privllcgo applies to a married woman whose account "shall be free from any control or interference by o." husband." Like the dime savings benk, however, you may begin your recount with Uncle Sam by buying a ten cent postal savings card. When ;'ou have purchased nine other postal livings stamps which the postmaster J rs attached to your postal savings card, you will receive in exchange a nilficato of deioHlt The postal savings stamps are then destroyed by the postmaster. The Postmaster-General I ds already ordered 1,500,000 postal ravings cards and 10,000,000 postal savings stamps with which to begin business. No one may deposit more than 11.000 In any calendar month while the total balance Is limited to C&00. Furthermore no person shall at the same time have more than one postal savings account In his or her own right No obstacles are placed la the way of any depositor from withdrawing the whole or any part of bis or her account, with accured Interest on demand, under such regulations, as the board of trustees may prescribe. Depositor a will be paid 2 per cent. Interest yearly. The postal funds placed In designated banks by the board of trustees will yield the government ii per cent. It is believed that this quarter of one per cent, difference between what the government paya the depositor and what the banks will pay Uncle Sam will be sufficient to meet all necessary expenses for conducting the postal savings depositories. A careful study of the law creating postal savings banks makes it clear that the government will be benefited largely, ana mat witnin a year or two 'after the system has been In operation Uncle 8am may have all the money necessary to meet deficiencies, and to make effective public Improvements without having to appeal to Wall street for financial aid. Section ten of the act (Ives a depositor the privilege of surrendering his deposit, or any part thereof. In sums of twenty, forty, sixty, eighty and a hundred dollars and multiples of one hundred and Ave hundred dollars and receive In lieu of such deposits, U. S. coupons or registered bonds of the denominations of these amounts, which shall bear Interest at the rate of 2 4 per cent, per annum, and be redeemable one year from date of Issue, and payable twenty years from such date. These bonds are navable In rnld coin. It Is believed by the board of trustees that this section of the law win prove a strong Inducement to the people, and especially the foreign element, to r-fttronlse the postal banks. It will also add to the desire of children to put away their pennies so that they may buy a government bond. ttart of Moe.v.?rt. . The imitation for postal savings banks In the United States bes In 1871, when Postmaster-General Cit . well strongly recommended the establishment of such, bask in his annual report to the president. From this time the subject has been mere or less dealt with by Postmaster-Generals. Great Britain began consideration of the proposition to use postoffices as depositories for savings in 1807, but It waa not until 1SC1 that the British postofflo savings banks came Into existence. The history of the British postal banks proves that It has been most successful, and most outer cuuninea wwn ioiiuwn urru Brltaln'a lead. The data obtained by the special committee of employee appointed by the Postmaster-General ihowa that la everar country where the

if Vv II 1

The Board of Trustees of the n ew Postal Savings B?.nks: Cc:ret;ry master-General Hitchcock and Attorney General Wickersham.

postal banks are in operation the banks pay expenses with a margin. In connection with the section of the law limiting deposits to $500 it

should be understood that deposits are inconsistency. It is asked: "How at no time to exceed that amount, but .could he support Lodge, a standpatter, when a depositor has accumulated five ; and Beverldge. a progressive, without hundred dollurs he r she may invest ,' stultifying himself?" It 13 assarted be the account In t!io bonds Issued by the advocated revision of tariff in tbe government and then again build up west and approved a ftandpat platthelr postal savings to the limit when 'form in New York although It , is

more bonds may be purchased. One of the probable first effects to follow the opening of the postal eavlngs banks, say Postofflce Department officials will bo the falling off in the purchase of international and local money orders by our alien population. It is believed this class of citizen will bo among the first to avail themselves of the postal savings depositories, and that they Mill discontinue the practice of sending their savings to their eld homes in Europe for deposit in the foreign postal savings banks. The decline In the sale of foreign and local money orders may show in postal receipts but it Is believed the general good resulting to the country will more than offset the loss from this source. One of Best Features. Treasury officials declare that one of the strong features of the postal savings bank law is the authority given the board of trustees to use the postal savings for Investment in United States bonds. As the postal funds grow they can 'be exchanged for bonds which become subject to the call of the Secretary of the Treasury. The success that has attended the creation of postal savings banks in foreign countries convinces the board cf trustees that like success will Immediately follow the opening- of the banks in the United States. , Owing to the fact that Congress appropriated only $100,000 to start the work the board of trustees has been compelled to go slow in the matter of. selecting the cities in which the first banks will be located. After much figuring the board decided on fifty cities, the names of which will not be given out. It Is said, until every thing Is ready for the postmasters to begin business opening accounts, with depositors. The reason for withholding this Information is to stop pressure from political influence from citie3 that have filed applications to be selected, and which will have to wait until the first returns come In as the extension of the banks will depend on the success which follows the establishment of the new system in the fifty postoffices in question. HEW YORK FIGHT OF INTEREST TO ENTIRE COUNTRY (Continued from Page One.) ests of the country, and these Interests Involve the Important policies he initiated he might be induced to serve as the standard bearer of his party. But this is a remote contingency. Under ordinary circumstances the New York delegation to the national convention will be controlled by the friends of President Taft. President Taft knows the situation In the state and knows exactly Col. Roosevelt's attitude toward the presidential nomination In 1912. . The colonel has not pledged himself to support Mr. Taft. Nor has he Indicated any purpose to oppose him. Consents to Speak in Ohio. That there might be no question as to his position, he consented to speak in Ohio in the closing days of the campaign, where the victory of the Republican candidate for governor would mean an Indorsement of Taft and his administration and would insure the support of the Buckeye state for Taft's renominatlon. But while Taft and his intimate advisors know these Inside facts, they are not a matter of public knowledge. In New York state the report has bn sedulously spread that Col. Roosevelt is. working for one thing and one thing only; that he cares really nothing for Stimson. but that he does c?re tor the effect Stim son's election will have upon his own future. He has been subjected to more abuse than ever hat b:vi the case before. Opposed to him has been practically every paper in New York City. Influential organs throughout the state have bolted Stimson because' of Roosevelt. He has been described as dangerous to the 'state and nation an enemy of progress and of safe and sane development. Advantage has been taken of tbe underlying conservatism of the state

to paint his Ossawatomie speech as a radical utterance which cannot but ba harmful to the Interests of the people.

He has been accused of insincerity, of known he deliberately refrained from having anything whatever to do with the making of a platform. Col. Roosevelt's Answer. Col. Roosevelt's answer to all that has been said of his progrec3iveness i lis this: "Whatever attacks may be made An. nannniion. ,,a n'Vm.n..c , , .1 , criticisms may be made upon me for advocating it, I am satisfied it is based upon sound principles and that, regardless of the results of the present election, it will In the end pre vail." There is no doubt many of the former president's real friends in New York state would have preferred that be keep out of the campaign. These men admit had he done so there would have been a teriffic Democratic landslide, but at last he would have been in an extraordinarily great strategic position with references to 1912. But the colonel replies to this argument by the statement that when the issue involved was one of honesty and

good government it was his duty, as ferings may be sufficient to maintain that of every other decent citizen, to.the meetings, the estimated cost of take off his coat and participate in which is from $1,000 to $1,200. Mr. the struggle. Mahy's sermon was on the subject of He realized what he might gain by ! receiving Christ and what this receivkeeping hands' off. but he preferred to ing means. It was based on the passnail his colors to the mast and go ! age cf scripture which says. "He came down fighting for a basic human prin- unto hj8 own an(j His own received ciple than remain supine and witness Him not but unto sucn a8 received the annihiliatlon of elements in the Him gave He the power to become the state which in his judgment stand for eorj3 of God." The sermon was a logiwhat is good in American life. j caj effQrt to show what takes place It Is not doubted that Col. Roose- In the individual when he really re-

veit s activity nas oeen advantageous to the Republican candidates. His speeches and personal appeals have changed thousands of votes. On the other hand, he has caused offense by his criticism of members of the judiciary and a certain amount of sym-

pathy has been created in some quar- Cnr!gt fully he Is endowed with powters as the result of his denunciation er and it i8 thi3 power that ls essen. of D,x- tial to the successful Christian life. 'Failure of Christ's own to receive

A L FORMALLY OPENED BY THE REV i (Continued from Page One.) the Holy Spirit which leads the church into earnestness of effort which the world may misunderstand and oppose) a visitation of the Holy Spirit which will call Christians into new fellowship with God and arouse in others a deeper opposition that heretofore and drive them deeper Into sin; a visitation or the Holy Spirit which ruake3 Christians conscious of a common desire and a new spirit of unitv; a visitation of the Holy Spirit which convicts of the presence cf cii in o'ir lives and In the community and which leads to confession and forsaking of sin; a visitation of the Holy Spirit which gives Christians a new . sense of responsibility for the unsaved. Simple But Effective. In developing these reasons Mr. Mahy used many apt illustrations and bis discourse was highly interesting throughout and still so simple that a child could understand it One point that be sought to make plain is that the more successful such a revival as the present one becomes, the more opposition It w-ill arouse. He deplored the fact that as soon as some opposition appeared there 'were those who wanted to quit, who want to do noth ing that will arouse antagonism or dis turb existing conditions. "Lord pity the man who wants a revival like that," exclaimed the speaker. Then there is the man who is opposed to doing anything because he believes the time is cot ripe. It is more likely, said the evangelist, that the time Instead of being ripe. Is rotten. Then there is the class always ready to treat everything flippantly and to pass by such an effort as this with an answer of that nature. They have a solution for every problem that la raised, no matter how significant, this solution being without any thought on their part. "O, tbe appalling blindness of men who fail to recognize God," exclaimed the speaker. There can be no peace In any community until there is a surrender to Christ and Mr. Many declared that tbe best thing that could happen would be to have a clear division be-

UNION

REVVA

MAHY

Posttween tho churches of Richmond antl the world. Sorno flzd satisfaction In the fact that there Is no division be'tween the church end the world, but that is not what v.e want; what wo , p ant is a division. The church should ; stand out against things of the world rnd give Its influence against thoce i things which tend tp drag the Individ- j ual down. i Gin Cocs Silcr.tly. ! There is a tendency among Christians to grow careless about sin; sin j does not wear hob nailed shoes, but it gets in silently. Men would be 'horrified if they should drop at once i the entire distance that they retrograde in the Christian work in ten i years They lost some each year and it is impossible to live up to the high i . . , ,x standard unless the Holy Spirit sets the standard for us. In tho first days of a revival like this there may be more sorrow than joy sorrow over wrong doing and this unhappinecs will be a sign of God. A real revival will result in our putting out our impulses to others to get them to come to Jesus. In he evening the services were opened with a song eervise by the chorus, led by Mr. Morgan, a scjipture reading by Rev. S. W. Traum, and prayer by Dr. S. R. Lyons. A free will offering was also taken and it is the hope that these free will ofCeives Chfist and that such reception is followed by power to become a son of God. Especial emphasis was laid on the expression of "power to becoine," for it was in this that the evangelist saw the real significance of thi3 text. Where the individual receives him was one of the - great tragedies that helped to break the heart of Jesus Christ, and it is going on here tonight, declared the evangelist. Simplicity of Gospel. - Emphasis w&3 laid on the simplicity of the Gospel and how much more difficult it is to understand the simple things than those that are more complex. The Gospel is so simple that this is one reason many fail to get it. It is possible for us to get a better grasp on Christ tonight than it was 2.000 years ego. But it does not make us Christians just to grasp. All have grasped but some refuse to take and here is the division point. There are persons here who never had a heart throb in Jesus Christ because they won't let him in. Too many people just get their name3 on the church roll and Christ does not get to look in. To receive Christ means to give all the keys to Christ You ask me what to do to become a Christian and I answer, give Christ the reins and let him do the driving. When a life is all given to Christ there is the greatest relief that ever came to mortal man. Jesus Christ is ready to take you just as you are and give you "power to become" a son of God. NOTES. The chorus under the direction of Mr. Morgan is doing splendid work and will greatly improve within the week. The attendance of members Sunday night was very large. Afternoon meetings will not be held this week, but will begin next weekIt Is tbe plan to have noon meetings for the business men at the Y. M. C. A. Mr. Mahy and Mr. Harmon are being entertained at tbe home of Dr. Bailey on South Fifteenth street, and Mr. Morgan is stopping at the Y. M. C.A. Mr. Morgan Is a pleasing soloist and usually precedes each service with a solo in addition to the numbers by the chorus. Miss Elizabeth Hasemeler is the accompanist j Rev. Truman Kenwortby, pastor of the East Main Street church, made some fitting introductory remarks on Sunday afternoon. " The assembly of a score of the city pastors on tbe platform, all engaged in the same great work, is an inspiring sight There were more than twenty pastors present at each service Sunday. A special song book has been provided and will be Bold &L25 cents per copy.

of the Treasury. -McYeajh;

A BALLOT MISTAKE Giving a Candidate's Name Incorrectly Is Causing Considerable Trouble.

CHAIRMAN LEE IS ADVISED State Republican chairman Lee was consulted on Monday in regard to correcting the ballots by scratching off initial P. and substituting William before the name of Harvey Cook, a candidate for county councilman at large. He. In tr.ru consulted an attorney, bat the conixlttec had not been noiiCe-l at a late hour this afternoon. It was j Mr. Lee"s personal opinion in a con-' versatlon over the phone earlier In the t day that correcting the name of ilie candidate would be a mutilation of the ' ballot and thus render all votes cast on s'7ch corrected hallots void. i P. whereas it should be William Harvey Cook. In the opinion of some of the officials, if he would be disqualified for the office because of the mistake in the ballots, he could be appointed to the position by the county council, this organization having the organization. He has no opposition so It seems certain that he will receive the office, if he ennrf h" "lected be-1 cause of the priatlns mistake. j ! ' City Statistics Marriass Licenses. Eful Peck. Richmond. 23, painter, and Hazel Jcckson, Wayne county, 19, housekeeper. , Deaths and Funerals.' WADE Margaret F. Wade, aged 2i years died at the home 211 North A street. Sunday. The -funeral will be held Tuesday afternoon from the Weleyah M. E. church and interment will be at New Paris, O. Friends may call at any time. MANN Francie L. Mann, aged five months, died Sunday. Tbe father and mother, Mr. and Mrs. Earl Mann, a brother and two sisters survive. The funeral will be held at the Spartansburg Methodist church, Tuesday morning at eleven o'clock. SCHLANGEN John Schlangen, aged 78 years, died at the home 731 South Thirteenth street Sunday. Three sons and four daughters survive. Funeral services will be held at St.- Andrew's Catholic church, Wednesday morning at nine o'clock. Burial will be in St. Andrew's, cemetery. Friends may call at any time. Births. Harry Knott and wife, S22 South Ninth street, boy, first child. AIRSHIP'S NEW USE Aeroplane Delivers Dry Goods from Dayton to a Columbus, 0., Concern. LATHAM WINS FAT PRIZE (American News Service) Columbus, O., Nov. 7. Phillip Parmalee today established an aeroplane record, flying from Dayton to Columbus at an average speed of sixty-one miles an hour. Tbe flight was a distance of 80 miles. Parmalee carried ten bolts of silk from Dayton to a local dry goods house and the trip marked the first use of the aeroplane in the commercial world. Parmalee made a picturesque landing. He said that during the flight his hands and feet became numb and that only by constantly exercising them was he able to keep In the air. SAILS OVER BALTIMORE. Baltimore. 'Nov. .7. Hubert Latham sailed over the skyscrapers of Baltimore and over the harbor this afternoon in bis -Antoinette monoplane, winning the $5,000 prize. He forty minutes, ranging in altitude from 1,000 to 2,500 feet. Practically everybody in the city ceased business to witness bis flight. Note Our

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Dave Yon Tried Oar Vtsst 1215

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MEW YORK STOCK QUOTATIONS (Furnished by Correll and Thompson. Odd fellow's Hall. New York. Nov. 7. ' - Open High Copper -- TlVi 71H Smelter ........ ................ S2H S2$i U. S SI Sl U. S. Pfd -....US Pennsylvania 1304 130 St. Paul 12H 126 H. & O 108H New York Central .. ...116K 116H Reading ..u... .. ...154H 1554 Caaadl.a Paofic 198 WW Groat Northern 128 128'. Union Pacific 17 1S4 Northern Pacific . , .... .110 IIS1 Atchison 1015s 104i U & X. ...144 147 Southern Pacific 120

CHICAGO. CHICAGO CHAIN ANU PROVISIONS (Pi!rn5i;ed by Correll and Thompson. tJd fellow's Hali. rhon 1446.) Chicago, Nov. 7.Wheat Open

Open Hir! !.ot CIos . S94 89 ;S S9 . 9ts 96 95 95 Corn " Open H!?a Lm C1os . 47 47 46'4 46 ' V 49 49Va 4S 48 Ca' ' Open nign fw Clos . 31 51 31 31 . 21 34 34 34

eo. lay Dec. May Dec. May PITTSBURG LIVESTOCK. Pittsburg, Nov. 7. Cattle Receipts 150 car loads; choice $6.75; prime $6.40; butchers $5.80. Sheep Receipts 24 ers $4.00 4.10. Hogs Receipts 70 prime heavy $8.30; pigs $8.35. Lambs $6.50. Veals $9.50 10.00. prime wethdouble decks; yorkers $8.30; EAST BUFFALO LIVESTOCK. East Buffalo, Nov. 7. Cattle Receipts 5,800; head; prime steers $6.75; batchers $6.00. Hogs Receipts H.OOO; heavies $8.25; iSaeep Receipts 13.000; prime $4.50. pigs $8.50; yorkers. $8.30. Lambs $6.75. halves Receipts 1,000; choice $10.75. CINCINNATI LIVESTOCK. Cincinnati, Nov. 7. Cattte Receipts 2,600; shippers $6. HogsReceipts 2,600; choice $8.40. Sheep Receipts 600; extras $3.65. Lambs $6.00. INDIANAPOLIS LIVESTOCK. Indianapolis, Nov. 7.' , Hogs Receipts 1,500; top $8.20. Cattle Receipts 600; top $5.40. Sheep Receipts 600; top $3.75. Lambs $6.25. INDIANAPOLIS GRAIN. Indianapolis, Nov. 7. Wheat ...90c Corn ..,.... 50c Oats 32c Rye 77c Clover seed .I860 TOLEDO GRAIN. Toledo, Nov. 7.Wheat ...92c Corn ..... 51c Rye ...78c Oats . ..34c Clover seed $8.60 Timothy ....... ........... .$4.40 Onions and Garlio. The onion is a vegetable of great an-tiquitj-, being found among the earliest of cultivated species. v A kind of onion grown Iq Egypt 2.000 years and more ago was considered so excellent that It received divine honors, being worshiped as a god. This vran considered a good Joke by the Romans of those days, who. as well as the Greeks, were acquainted with several varieties of onions. It ls lively that tbe plant first prew to Persia or Afghanistan. Garlic has been raised In China for thousands of years, and the ancient Egyptians made great use of It Xo picture of It has ever been found on tbe monuments, but this may be because tbe priests considered tbe plant unclean. -THE GREAT-

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Special Green Stamp OfTor November 7th to 12th

Extra 40 Stamps with 45 Stamps with 1 50 Stamps with 1 25 Stamps with 1 10 Stamps with 1 10 Stamps with 1 10 Stamps with 1 25c Blend Cofiee?

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liOW 71 SI, 11S 130 12H 115 153 19S 127 176 119 104 146 119 CI om 71 . . 81 81 118 1304 125 108 V 116 154 m 127 177H 119 104 146 120 A WeiRD IMCiDIfiT.' Chopin's Fcr.rl f'sreh by a Sktlctsr.. .Late one sumracr'a uf:?rac;r. sill Ziem. Chopin aad 1 fat talUins io icy studio. In oue corner of tut roo:a stood a piano and iu another the complete skeleton of a man with a lare white cloth thrown, crhostllke, about It. I noticed that now and again Chopiu'a gaze would v.Knder. and from my knowledge ?f the man 1 knew that h!3 thoughts wer-3 fr away from mt anl his surrounding. :.;,- ilisn that, I knew that he was composlr.. Presently he rose from bis seat wftb out a word, walked over to tbe skeleton and removed the cloth. He then carried it to the piano and, seating himself, took the hideous object nnoa his knees a strange picture of life tud death. Then, drawing the wh:te cloth rouu-1 himself and the skeleton, be laid the latters fingers over bis own and began to play. There was no hesitation la the alow, measured flow of sound which be and tho skeleton conjure! up. As the music swelled In a loader strain I closed my eyes, for there was something weird In that picture of man and skeleton seated at tbe piano, with the shadows of evening deepening around them and the ever swelling and ever softening music filling tbe air with mystery. And I knew I was listening to a composition which would live forever. Tbe music ceased. C-d when I looked up tbe piano chair was empty, and oa the floor lay ; Chopin's unconscious form, and beside bim. smashed all to pieces,' was tbe skeleton I prised so much. The great composer had swooned, but his march was found. THE ONLY EXCLUSIVE PAINT V SHOP IN. RICHMOND 4 paints. Varnishes. Floor Paints 4 and Stains, Pyrography Goods 4 Brass Craft at prices that count, OLD RELIABLE PAINT CO., 10-12 So. 7th St Phone 2230. An Appropriate GUI German-American Herb Compound Remedy that has proven its worth wherever it has been tried. Ask your friends about It Also Victoria Compressed Air Suction Sweeper. Above goods were sold by Gilbert P. Lane. Can be had by writing or leaving your ordrer with ,, . ROSA BLICKWEDEL. 620 8. 9th St, Richmond, Ind. Beautiful Presents TOR WEDDINGS And other like occasions that require gift giving. Watches, Clocks, Silverware and all I sorts of beautiful, suitable presents. You will find a profusion of them, all of guaranteed quality, and very reasonably priced. Complete line of Silverware just received. KENNEDY fine Repairing 526 rtein TEA CO. Stamps Witb Tea ' 1 lb. Tea ;....50c lb. Tea '. 60c lb. Tea 70c bottle Extract 25c Pkg. Rice ...... .10c Pkg. Buckwheat 10c Pkg. Apricots , ...16c Dest For the Dney. m

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