Richmond Palladium (Daily), Volume 36, Number 89, 6 February 1911 — Page 3

THE 1UC1I310ND PAIXADIU3I XST SUX-TELEGKAJI, MONDAY, FEBRUARY 6, 1911.

PAGE THREE.

REHABILITATE U,: S, FIIIAtlCIAL SYSTEM

Aldrich's Plan to Improve the System Is Intricate and Far Reaching. IS NOT UNDERSTOOD Unification Made Complete by Combining Reserves, Discounts, Etc. (American Nwi Service) BY JONATHAN WIN FIELD. Washington, Feb. 6. More farreaching than Is generally" understood Is tho fn of Senator Nelson A. Aid rich, chairman of tho Monetary Commission, for an Improved method of bunking. Ills plan for I ho rehahiliuHon of our financial system was Riven nMn publicity, but ItH Intrlcato methods havo not been thoroughly understood. In brief It marks the most profound Mnd comprehensive attempt at conKtrurtlvo financial legislation which this country hart wltneSHfd since the time of Alexander Hamilton. Hamilton's plan was the- first step looking toward tho unification of our banking syestem; through Aldrlch's Bcheme this uniflciillon la brought to completion by combining the reserves, the discount marked, and other functions of modern bunking Into one coherent organization. Ono has only to compare tho plans for financial reform proposed a decade or mote no with that proiosed by the chairman of the Monetary Commission to realize what a striking enlargement of view has been achieved by those who are studying means of Improving our banking system. The best financial thought of tho nineties, as embodied, for Instance, In the "Haltomere rian' of tho American Hankers' association, contented Itself with suggestions for a more elastic note Issue. During tho last three year, however, under the nusplces of tho National Monetary ComnilHslon, the needs and practices of American banking have been subjected to a fresh and far moro searching analysis than has ever been made before. Very rarely Is It found that the banking arrangements of a country can be satisfactorily reTlsed by merely amending tho note issue regulations. Tho country has been true, for there exists n demand for other and far-reaching reforms. According to Assistant Secretary of the Treasury, A. Piatt Andrew, the general deficiencies In our banking system can be grouped under six heads. First, the lack of any niechans - m . . ism oi suiiicieni range ana power io secure cooperation and uninterrupted exchange among the banks; second, the rigidity of banking reserve regulations which result from that fact; third, the lank of any well organized market for commercial paper; fourth, the absenro of flexibility of our note Issue: fifth, the Intermittent interference of government finance with business; and sixth, the lack of uniformity in banking privileges. For Mutual Service. Through the proposed Reserve association of America, an Institution to be owned exclusively by the banks, and to deal exclusively with them, a common bond would bo maintained, so that the banks can bo mutually served. The six deficiencies enumerated would be mlmlnlxed. Through Its preponderant capital, resources, and its peculiar privileges. It would exert a wide Influence over tho activities of banks. It would clear their mutual accounts, not only within the same city, but between different cities, and would furnish an ever reads and unfailing market for commercial paper. With such SEVEN YEARS' OF All Relieved by Lydia E Pinkbarn's Vegetable Compound. MkestoruMo. "For seven years I suffered everything. I was in bed for four or live aaya at a time evory month, and so woalc I could hardly walk. I cramped and had backache and headache, and was so nervous and weak! that 1 dreaded to, see anyone or navo anyone move in the' room. The doctors (rave me medicine to . ease me at those times, and said that 1 oucht to have an operation. 1 would not listen to that, ana wnen a inena or my husband told him about Lydia J', llnkham's Vegetable Compound and what it had done for his wife, I was willim? to take it. Now I look the picture of health and feel like it, too. I can do my own house, work, hoe my garden, and milk a cow. I can entertain company and enjoy them. I can visit when 1 choose, and walk as far as any ordinary woman, any day in the month. 1 wish 1 could talk toevery sufferinirwomanandgirl." Mrs. Dema llETin-NE. Sikeston. Mo. The most successful remedy lu this country for the cure of all forms of female complaints is Lydia J2. linklam's Vegetable Compound. It Is mora widely and successfully used than any other remedy. It has cured thousands of women who have lieen troubled with displacements, infUmmation. ulceration, libroid tumors, irregularities, periodic pains, backache, that bearing down feeling, indigestion, and nervous prostratiou. af ter al) other jflrjin had failed. Why don't yoa trj H?

MISERY

GOOD HEWS

Many Richmond Readers Have Heard It and Profited Thereby. "Good news travels fast' and the thousands of bad back sufferers in Richmond arc glad to learn that prompt relief is within their reach. Many a lame, weak and aching back is bad no more, thanks to Doan's Kidney Pills. Our citizens are' telling the good news of their experience with the Old Quaker Remedy. Here is an example worth reading: Kdgar S. Mote, mall carrier, 24 S. Twentieth St., Richmond, Ind., says: "Doan's Kidney Pills brought such good results In my case several years ago that I gave a public statement, recommending them. For a long time I suffered from backache and kidney trouble and the least cold I caught setteled In my kidneys, making my coinplaint worse. Hearing about Doan's ivldney Pills, I procured a supply at A. G. Luken & Co.'s Drug Store and their use bo completely cured me that I have had but little trouble since. I will always hold Doan's Kidney Pills In high esteem." Ror salo by all dealers. Price '50 cents. Fohtor-Milburn Co.. Buffalo. New York, sole agents for the United States. Remember the name Doan's and take no other. an Institution, solvent banks would never b forced to Buspend, and domestic exchanges would never cease to operate. The association would take over all j bonds held by the banks along with re sponsibility for redemption of their outstanding notes, and as these notes are presented for redemption It would Issue notes of its own In their stead. Tho association is then to be authorized by congress to dispose of $30,000,000 of these bonds per year, in addition to whatever bonds may bo recalled, and redeemed by the government, or may be purchased by the trustees of the Postal Savings System. In this way tho plan contemplates the complete retirement of our. bond secured currency. In the meantime the fluctuating needs of the country In different seasons would bo provided for by additional issues, upon payment of a graduated tax. Increasing from 3 per cent for the first one hundred mllllous to six percent to the fourth. To provide against the hording of money in the federal treasury, and to avoid the Inconvenience of the present antiquated system, the money that now piles up In the treasury would be deposited in the reserve association. In this way. it could be utilized for all emergencies. National Banks Suffered. During the recent years the national banking system of the country has suffered because of the rigidity of the federal banking laws. State laws are much freer in regard to the amount of capital and of reserve required. As a result state chartered institutions have Increased in size and number much more rapidly than national banks. The Aldrich plan contemplates tho restoration of the national banking system by allowing certain classes of national banks to open savings departments, and to lend upon real estate, others conduct business in foreign countries.' and still others to exercise functions of trust companies under proper restrictions. The directorate is to be selected by a distribution of voting power among local associations of banks in different geographical areas. No political party could gain control or influence over the association. The governor Is to be selected by the President, and like the Chief Justice of tho United States Supreme Court, will serve for life. No national or state legislator could serve as a director. This plan embodies most of the features common t o the banking systems of other countries, and In which this country has been lacking, yet no attempt lias been made to copy any one existing system. The association is not unlike the Reich bank of Germand, the Hank of France, or the bank of England, and it has features common to these institutions. As regarded by officials of the Treasury Department, the Reserve association would meet the financial requirements of the country and place our financial system on a much better footing. It would relieve all money stringency, and be able, through its wide-spread influence to prevent panics or money depressions in any sections of the country. REAL ESTA TE TRANSFERS Alice E. Unthank to Jesse II. Harris. Jan. SI. 1911; $250; lot 4, M. V. Pennell's add. Richmond John Clinehens to Chas. 0. Williams Dec. SI. 1910: $2.r00. IOt 13-14 O. Kiasey add. Richmond. John B. Maag to Herman F. Pilgrim. Feb. 1. 1911. $600. Lot 23. V. D. Foulke add., Richmond. " Frank F. Pardieck to Herman Pardleck et al. Feb. 4. 1911. $4,000; PL lot 4S8, Eliz. Starr's add.. Richmond. Homer Farlow to Gilbert Morgan, Feb 4, 1911, $40. Pt. Frac. Sec. 3-14-15. BASEBALL SCORERS TO WORK SECRETLY (American News Service Chicago, Feb. 6. Official scorers of the Major Leagues hereafter will score in secret, if the plans of President Ban Johnsan of the American League develop. President Johnson has announced that owing to the petty misunderstandings caused by the identity of the scorers being known, they likely will be replaced by unknowns. This plan is said to be aprroved by the powcrs that be.

PARLIAMENT WAS FORMALLY OPENED Impressive Ceremonies Marked the Event, King Delivering Address. j f American In-s Service) London, Feb. 6. The royal standard and the union jack of old England tugged and tore in the brisk wind from the spires of the houses of parliament this morning in silent token of the fact that the day designated for the reassembling of parliament had arrived. The usual crowds began to assemble outside the gates of Westminster palace yard at an early hour, and by noon several thousand people were massed about the outer entrance of the legislative chamber. The crowds which lined the route from Buckingham palace to Westminster, to view the royal procession, alEo were unusually large. Guardsmen, assisted by hundreds of police, kept the spectators back, but they had little to do. In view of the stirring national issues with which the speech from the throne was bound to deal the picturesque ceremony In the bouse of lords was never attended with more glamor and splendor. The ceremony was in strict accordance with precedent. The procession to the chamber was of the same character as on similar occasions of the past, and within was seen the same state pageantry, historic dresses, and revival of ancient forms. After robing. King George and Queen Mary entered the house of lords and occupied their thrones, beneath a canopy, with the great officers of state clustered about them. Directly the royal couple took their places the king said "Pray be seated," and then followed an interval while Black Rod summoned members of the bouse of commons. Lord Loreburn. Lord high Chancellor, then approached the throne, and on bended knee banded his majesty a copy of the speech. The king put his cocked hat on his head, and while seated read the speech in a loud, clear tone, amid intense silence. At the conclusion of the speech, the king arose and, giving his hand to the queen, descended the throne, and the ceremony came to an end. Unusual haste was shown by those present to leave the precincts of the chamber, as if anxious to discuss the effects of the official pronouncements. A Momentous Session. The present session of parliament is expected to be one of the most momentous in the modern history of the United Kingdom. This expectation appears certain of realization if the present program of the government coalition is carried out, and that this will be done, or at any rate will be attempted, there is full reason to believe. ' The government regards the result of the late election as a popular mandate for it to proceed rigorously with the policy it adopted in the last parliament. It has moreover, not only a majority sufficient to enable it to do so, but also a majority requiring it to do so. How far the government will be able to get with its program is a matter of much speculation. It is hoped that all contentious measures, if not all the business of the session will be disposed of before the coronation, which is to take place the latter part of June. But to do that will require an extraordinary expedition of business. There will necessarily be a debate on the address, lasting two or three days. Immediately thereafter the government intends to introduce its bill for the abolition of the veto power of the lords. In addition to this there are several other important matters that will require much time. The manner in which the anti-veto bill will be dealt with is already a subject of keen discussion. Before the election it was declared by the highest government authorities that the bill must be passed letter perfect without the slightest amendment. That declaration served as good campaign material, but whether it will be strictly adhered to is doubtful. It is regarded as more than likely that a spirit of concession and compromise will prevail. But even if a compromise on the

anti-veto bill is promptly affected the session is bound to be epoch making in the history of Westminster. It will almost certainly mark the passing away of purely hereditary privilege in British law making, the reconstitutlon of the upper chamber either in actual composition or in essential functions, and the readjustment of relations between the two houses. HOW TO MAKE YOUR. To make this excellent cough syrup take one pound of granulated sugar, one-half pint of water and one bottle (2 ozs.) of LOGOS cough remedy (the extract for making cough Bjrmp) this will make one pint of exceedingly good cough syrup, free from opiates, at a very small cost, .good for every member of the famiy. The next time you have a cough, try this, make it yourself, see if you dont say it is the best cough syrup you ever used. The LOGOS extracts are for sale at all First Class Drug Stores.

GG3 SKEW

EtobberCatarrh

Steals Energy and Will Pow er from Its Victims Catarrh robs its victim of energy some physicians say of will power. That may be the reason why thousands of catarrh sufferers haven't ambition enough to accept this fair and square offer by Leo H. Fine which he makes without any whys and wnerefores or red tape of any kind. Leo H. Fine saye '"he guarantees HYOMEI to cure catarrh, acute or chronic, or money back." and that offer is open to every reader of the Palladium. HYOMEI (pronounce it High-o-me) Is the purest. Australian Eucalyptus combined with Thymol and other germ killing antiseptics. Pour a few drops into the small vest pocket HYOMEI inhaler and breathe it iiuo the lungs over the inflamed membrane Infested with catarrh germs. It is pleasant to use it kills the germs, soothes the sore membrane, and cures catarrh; if it doesn't your money back. A bottle of HYOMEI costs 50 cents at Leo H. Flhe's and druggists everywhere. A complete outfit, which includes a bottle of HYOMEI a hard rubber inhaler and simple instructions for use costs $1.00. COMMANDED BY LORD TO BECOME A GHOUL (American News Service) Stanford, Ky., Feb. 6. Mrs. Amanda Harrison has confessed that it was she who opened tho grave of George Sauffley in the Stanford cemetery last Sunday night. She was arrested upon a warrant charging her with the crime and w hen arraigned in court she declared she had been commanded by the Lord to open the grave, the result of which would be the reincarnation of Saufley with whom she was infatuated. Although Mrs. Harrison was held for the grand jury it is believed she is insane and will finally be sent to an asylum. DYNAMITE EXPLOSION PREMATURE (American Xews Service) Grand Rapids, Mich., Feb. 6. While blasting for a basement to a new building, three workmen were dangerously injured as the result of a premature explosion of dynamite. Wm. E. Goodrich lies at St. Mary's hospital in an unconscious condition. Otis H. Ryan and Wm. Bennett were the others injured. EUieupisiflic Poison Rheuma Drives It from the System and Cures Rheumatism. Ever since Leo H. Fihe secured the privilege of handling Rheuma in Richmond, the sales have been very large. This is due to the fact that Rheuma really does cure Rheumatism, and that it is guaranteed to cure Rheumatism or money back. It's a quick acting remedy, too. You don't have to wait a long while for results, for Rheuma starts at once to act on the kidneys, liver, bowels and blood, and before 24 hours the poisonous Uric Acid, which causes Rheumatism, has begun to pass out of the body through the regular channels. One 50 cent bottle will prove to any Rheumatic sufferer that Rheuma surely will cure Rheumatism. For quickest relief from acute indigestion try English Marbue, 23 cents, at Leo H. Fihe's. Mailed by Rheuma Co., Buffalo, X. Y, New Murray Theatre Week of Feb. 6. "A Night With the Poets." Matinee, daily, 10c. Evening, continuous, 25c, 20c, 13c and 10c.

..First Class Storage.. Household goods, furniture, pianos and goods of all kinds stored in clean, airy, substantial brick warehouse at 193-195 Ft. Wayne avenue. CHRIS F. SCHAEFER & CO., Phone 2469. V,

r u si - ill , ,m mm

ACCUSEOJRRAIGIIED Eight Men Charged with Negligence, Waive Ex-

(American News Seivlce Jersey City, X. J.. Feb. 6. Eight men charged with criminal carelessness as a result of the explosion which Wednesday shook Manhattan and Jersey City and killed twentyfour persons, were arrangned before Judge Queen in the second criminal court. All the accused men waived examination and with their counsel went before the court . of common pleas to give bond for their appearance at trial. In the common pleas court all the men who had been arraigned were held for the grand jury on a charge of manslaughter. They included the captain of the lighter. Catherine W., to which the explosive was being transferred, officials of the Central Railway of NewJersey and representatives of the Dupont De Nemours Powder Co. John Healing, captain of the dynamite boat was the first to be arraign ed. In the following order the others were brought before the court: Arthur Hamilton, general freight agent of the Central; Louis P. Gallaudet, pier master; Charles Ridder, a checker of John M. Morris, the Jersey City freight agent of the road; Frederick C. Peters, Burr St. John and R. H. Morris of the Powder company. QUITE BELIEVABLE IN JACK LONDON (American News Service) rhoenix, Ariz.. Feb.' 4. Jack London, the well known author, is said to bo in Mexico at the head of a band of insurrectos. Governor Sloan has been requested by .Mexican government to prevent other Americans from joining him. C0 Sarsaparilla Cures all blood humors, all eruptions, clears the complexion, creates an appetite, aids digestion, relieves that tired feeling, gives vigor and vim. Get it today in usual liquid form or chocolated tablets called Sarsatabs. . Has by far the best JACKSON, ANTHRACITE and SOFT COAL. Smallpox and 606 other diseases are covered by. the Aetna General Health policy sold by E. B. KnoUenberg KNOLLENBERG ANNEX. Tt pays for total and partial disability from one day to one year. TTIRIUIMKS Suit Cases Traveling Bags We are offering a select line of highest quality leather goods at the very lowest prices. Come in and order your heavy harness now for spring delivery. Miller's HarnessStore 827 F.IAIN ST. Quality la Leader Goods. Leave -Your Order For COAL with us If you want it filled promptly with fuel that will "make good in stove or furnace. Our coal is the best that can be bought and Is carefully cleaned . and screened, is full weight to the ton and is delivered where and when you want it. HCDuHerdich&Son PDONE . - . . . 1235

MAY RECALL MAYOR Spokane Will Hold an Election, Tuesday.

(American News Service) Seattle, Wash., Feb. 6. In the election here tomorrow the recall will go to the st iff est test it has had since it was first adopted as a feature in the government of American municipalities. Th election is to decide whether the present mayor Hiram C Gill shall be made to give up his office. Charges of corruptiou in the police department and unrestrained vice evils were made the grounds of the recall petition. Mayor Gill as a candidate for re-election, is seeking vindication at the hands of the voters. His opponent is George V. Dilling, who is the candidate of the Welfare league, representing the reform elerceut. The campaign has been one of intense bitterness. Mass meetings have been held almost nightly to protest against the conditions alleged to exist in the cit." and ministers have appealed from their pulpits for the citizens to aid in the fight against the social evil. One of the most interesting features of the contest is the fact the votes of the women of Seattle may decide the issue. The women of "Juot Say" II Htans Original and Gtnuint MALTED MILK Tht Food-drlr.k for All Apt. More healthful than Tea or Coffee. Agrees with the weakest digestion. Delicious, invigorating and nutritious. Rich milk, malted grain, powder form. A quick lunch prepared io a minute. Take no substitute. Ask for HORUCK'S. Others are imitation. BAUSCH For the Dome, Lodge and Church. FOR SALE BY W.B.RossDruflCo. RICHMOND, IND.

JORDAN, M'MANUS & HUNT FUNERAL DIRECTORS 4 EMBALMERS Automobile Service for Calls Out of City. Private Chapel and Ambulance. Telephone 2175. Parlors 1014 Main Street.-

BRASS GOODS SPECIAL'

For the next few days we will offer at special low prices our entire line of "KARNAK BRASS." This line consists of such pieces as Candlesticks, Smoking Sets, Clocks. Vases, Desk Sets, Clocks, Vases, Desk Sets, Jewel Cases and numerous other pieces. See Window Display. Ed L. Spencer, Jeweler, 704 Main St.

TUESDAY: DONT MISS TOE ST02U AT SEA BREWSTER'S IMILMfltftTS WEDNESDAY: gw2 HemyWocdnilB".GEMILJS 25 to $1.50 JAMES K. HACHETT

THE BEST WAY to begin THE NEW YEAR Sit down and sum up your bills, putting those of tho butcher, the grocer, the-rent man, the insurance , agent, etc., etc., ail in one amount, then come and see us and give us an opportunity to explain our plan for relieving your "financial pains. We loan on Furniture, Pianos, Teams, etc.. giving you weekly, monthly or quarterly payments, in which way you do not miss the . money. - .v. 60 Cents is Weekly Payment on $25 Loan. $1.20 is Weekly Payment on $50 Loan. $2.40 is Weekly Payment on $100 Loan. OTHER AMOUNTS IN SAME PROPORTION If in need of money, Gil our this blank and mail to us. Our Agent will call on you. Tour name Address, Street and No. Amount Wanted, $... All communications held strictly confidential Address, RICHMOND LOAN CO. wcnnonD, niDiAFiA. Boom 8 Colonial Bldg. Established, 1895. ' Automatic phone 1543.

this state were granted the right of suffrage at the last election and this is the first opportunity afforded them to exercise' that right.

COUGHED ALL NIGHT Till This Recipe Was Tried. Cure FoU lowed in 5 Hours. A prominent medical man who suffered wih a severe cough and cold on the lungs, often being kept awake all night, and weakened by loss of sleep, finally discovered a simple formula which will cure any cough in five hours by the clock. It is a laxative tonic cough syrup which can be made at home by anyone, and the formula is here given for the benefit of those who pas sleepless nights in painful paroxjsms. Those who have tried it say it is magical and beats any highpriced, slow-acting cough medicine ever sold." Mix in a bottle one-half ounce fluid wild cherry bark, one-ounce compound , essence cardiol and three ounces syrup white pine compound. Take twenty drops every half hour for four hours. Then take one-half to one teaspoonful three or four times a day. Give children less according to age. This will tone up and rid the system of deepseated coughs every time. DON'T FORGET That NOW is the time to protcct yourself against loss by WINDSTORMS. Costs but little. DOUGAN & CO, Room 1, I. O. O. F. Bids. Phone 1330. CUTTEIR'S Specials far This Week Only: IMPERIAL FLOU R We guarantee this Flour to -be as good as the Best 25 lb. Sack, only 65c; 50 lb. Sack only $1.25 Home Grown potatoes, per bushel .65o Lenox Soap, per box .... . .$3.20 Lienox Soap, 3 bars for , ....10c Gloss Soap, 7 bars for 25c A good 50c Broom only..,..29o A good 60c Broom, only. . . ,39c Rice good cooking rice, lb., 5c We- always have plenty of good Country Butter and Fresh Country Eggs on hand. Geo. A. Cutler Corner 4th sad S. D Sb. PHONE 1328.