Richmond Palladium (Daily), Volume 36, Number 215, 12 June 1911 — Page 4

PAGE FOUR

THE RICHMOND PALLADIUM AlfD SUN-TELEGRAM, 'MONDAY, JUNE 12, 1911.

Pablleaee and ewnd hy the rAULADIVM pniNTINO CO. Uiii I dare Mck week, evealng nt Sunday mernlna. Office Corn r North. th and A etreeta. Palladium end un-Teleerrain Phonee Buataeee OfMoe. zM; Editorial Itooma, fill. RICHMOND. INDIANA. .

ReMtala K Lm4 Mitt J. 9. MacaeI Manager Cat! OTHHI Aeaeelate Bdltet W. . rmilM ...... Hewe K41tat SUBSCRIPTION TERMS, la ftfchmoad II M .f rear (la ad vance) ar lOe par week, MAIL UBtCIUPTIONn. One rear, la advance 22 la saontlia, ti advance ......... One aaoata. la advance .......... RURAL ROUTKa Ona year, la advance ....... .. J HI BPtnntha. In advance Ona aieeth. In ad vane Add.eee eaanered aa alien aa dealreds both new and aid addreieee niuat aa van. uaeerlbera will pleaee ramlt with ardar. which should ba arlven (or a cinad term: nama win not aa nr aalll paymei.t received. entered at MchmenJ. Indiana. -ot efftee aa aacond claia mall mattar. New Yerk mpreeentettvea Payne At Tetr.r. 10-14 Wnt llrd atraat. and 1 S Weet IZnd atraat. Naw Yerk. N. T. Chicago Itrpreentatlvee .payne A Tnunv, T47-74I Marquette ButlJIr.-. Chicago, III. The AaaodaUoa of America (New Yerk City) aat aadeerUUdtetteelrjnlatlenl at this aabUcattoa. Only tat Beam a! aatmifl ta its tapers an i l A . aa- 1 vam aawwauiwasw RICHMOND, iNDIANA "PANIC PROOF CITY" Has a population of 22,124 and la growing. It la tha county eat of Wayne County, and tha tradlnr entr of a rich agricultural community. It la located due rant from Intllanapolla mlloa mid 4 milea from tho state Una. Richmond la a city of homea and of Industry. Primarily a manufacturing city. It la alao tha Jobbing ranter of Kaetern ln i awna ana rnjuya inn i -1 1 1 1.1 c 1. of tha populous community for miiea nround. Richmond Is proud of Ita splendid atrccta, well kpt yard. Ita rement aldawalka and beautiful shade trees. It has throe national banks, ona truat company and four building associations with a combined resource of over 18. 000.000. Number of factorlea II; capital Invested 17.000.000, with an annual output of 127,000.000, and a pay roll of $3.700,000. Tha total pay roll for the city amounta to approximately ll.00.ooo annual. There ara flva railroad companies radiating In eight differant directions from the city. Incoming freight handled dally, 1.T 10.000 lbs., outgoing freight handled dally. 750.000 lbs. Yard facilities, per day 1,700 cars.. Number of passenger trains dally 1. Numbet of freight trains dally 77. Tha annual pout office receipts amount to 80.000. Total assessed valuation of tha city, 11.000,000. Richmond has two Interurhan railways. Three newspapers with a combined circulation of 12,000. , Richmond la the greatest hardware Jobbing center In the state and only second In general job- . blng Interests. It has a piano factory producing a high grade f ilano evry 15 minutes. It Is the eader In the manufacture of Traction engines, and produces mora threshing machines, lawn mewers, roller skates, grain drills and burUl caskets than 1 any other city In tha world. Tha city's area Is 2,110 acres; ' has a court houae costing IbOO,00: 10 public schools and haa tha finest and most complete high arhool In the middle weat; three parochial achoola; Karlham college and the Indiana Mualneaa College: five splendid fire companies In fine hose houses; Ulen miller park, the largest and most beautiful park In Indiana, tha home of Richmond's annual Chautauqua; seven hotels; municipal electrio light plant, under successful operation and a private electrio light plant, insuring competition; the oldest publie library In the state, except one and tha second largest, 40,000 ' volumes; pure refreahlng water, unsurpassed: 65 miles of Improved streets; 4ft miles of sewers; 2S miles of cement curb and gutter combined; 40 miles of cement walks, and many miles of brick walks. Thirty churches, including tha Held Memorial, built at a cost of 1250.000; Held Memorial Hospital, one of the most modern In the state; Y. XI. C. A. building, erected at a cost of 1 1 00,000, ona of the finest In the state. Tha amusement renter of Kastern Indiana and Western Ohio. No city of the else of Richmond holds as fine an annual art exhibit. The Richmond Kail Festival held each October Is unique, no other city holda a similar affair. It la given in the Interest of the city and financed by tha business men. Kuccess awaiting anyone with enterprise in the Panto Proof City. , This Is My 78th Birthday JAMES B. WEAVER. General James D. Weaver, who at ona time was a conspicuous figure in national politics, was born In Dayton, Ohio, June 12, 1S33, and graduated from the Cincinnati law school in 1854. Soon after his graduation he settled In Iowa. General Weaver fought through the civil war, rising from tha rank of a private to that of brigadier general. After the w&r he returned to Iowa and took active in terest In politics. After holding sev ral Federal offices he was elected to congress In 1879 and served one term. In 1885 he was again elected to con gress. Later ha became the leader of tha Greenback party and was the candidate of that party for president of the United States. In 1892 he was the candidate of the people's party for the presidency. In the election he car rled four states Kansas, Colorado, Idaho and Nevada and received one electoral vote each from North Dako ta and Oregon. OFFICE MAN WANTED Wasted, office man with $1,800. to taka position as secretary and treas urer of Richmond company. For la 'formation address Lock Box 261, City.

Plenty of Time

Bids for the settlement of the waterworks contract are in the hands of the city. There Is no hurry about the settlement of these bids. First will come action by the board of works then its action will have to be settled by the council. And not until the contract is satisfactory to the board of, works and the council will the affair be settled. There is no hurry about the settlement of this question. It does not have to be settled In weeks, nor yet in months. t And because the bids have been made In this form is no reason why they should be regarded as final.

This Is because the rates In the hands of a privately owned public service corporation amount to nothing else than a tax levied by private Individuals for private purposes. The difference between the rate of risk at which the Investor's money Is placed and the "profits" Is the amount actually contributed by the community. .As long as th contract stands in its present form the situation will continue until tho city buys the plant. This contract should not bo entered into without a workable and fair way by which the city can regain the franchise rights which were handed over in the beginning. We have little patience with those who are so busy pointing out that the city has a limit of bonded Indebtedness and that there is apparently no chance of buying at the present time. . What we are Interested In is In getting the contract In such shape that the city can buy. Kven if the city has to go to the legislature to get the right to buy stock or to borrow money for this purpose in excess of the bonded Indebtedness is no reason why the present contract shall not be put In such shape that something can be done. On such things as rates, meter rental, extensions and the like we ar Intent that the small consumer, rather than the large consumer, shall be the privileged class. The extensions, moreover, need to be carefully examined that the town may not be held back in growth. ' The problem of valuation Itself is one that has taken the company an Interminable time to examine and to make up its mind about we can not believe It can be accepted or rejected hurriedly. No one knows what the plant Is actually worth it may be that the city could better afford to accept a higher valuation than it is actually worth, on the theory that the franchise value the unearned increase is always mounting higher. But if it does we should like to see this done with a full realization on everybody's part as to why and how this was done.

The Palladium does not wish to express a definite opinion on the contract until It has examined all the proposals that have been brought forward. It is the modification of the contracts, rather than the first presentation, that is of importance. We are sure that there is plenty of time.

WHAT OTHERS SAY BLOW TO LOAN SHARKS. The appellate division of the New York supreme court has handed down a decision in which it is held that the right of extortionate money lenders to coerce their victims by threats of exposure can no longer be recognized. At the time the senate District of Columbia committee struck another blow in the same direction, emancipating the men and women of Washington. The committee had before it a bill which would allow the money lenders to charge 2 per cent a month and to loan to one person as much as $300 but "no more. The committee cut the interest to Va per cent and made $100 the maximum amount to be loaned to one person. KNOW THE WAY. From the Syracuse Herald. An American gunboat has been or dered to patrol the coast of Nicaragua owing to the troubled condition of af fairs in that country. So many Am erican gunboats have been dispatched before this on a similar mission that they must have worn quite a groove In the ocean off the Nicaraguan coast. INVASION ALMOST DUE. From the Los Angeles Herald. The new secretary, Mr. Stimson, has only a couple of months to get his army ready for the Jap invasion. Six of the eight months that Cap Hobson gave us have elapsed. NOT YET. From the Milwaukee Sentinel. At the same time, we do not believe It necessary to establish a home for in digent trust magnates. . MANY U. S. DOLLARS. The coronation will cost Great Brit ain many millions, but think of how many more it will cost the United States. HONOR OF HONORS. From the Detroit Free Press. Now that the president has shaken hands with Ty Cobb we presume the small boy Is more anxious than ever to become president. ILLOGICAL DEMONSTRATION "You are very anxious to provide for a safe and sane Fourth of July." "Yes." "Noise make you nervous?" ' "Not especially. Rut I never have been able to see what a Chinese firecracker had to do with the Declaration of Independence. "THIS DATE

JUNE 12TH 1611 Two Jesuit missionaries arrived at Port Royal to convert' the Micmac Indians. 1665 A charter was granted the city of New York. 17SS New Hampshire ratified the Constitution of the United States. 1819 Charles KIngsley, author of "Westward Ho!" bora in Devonshire, England. Died January 23, 1873. 1843 A new constitution was proclaimed in Mexico. 1S46 More than 5,000 persons were driven from their homes by a disastrous fire la St. Johns, Newfoundland. 1S63 Governor Curtin called out the entire militia of Pennsylvania. 1864 The Emperor Maximilian and Empress Carlotta made their entry Into the City of Mexico. , , 1878 William Cullen Bryant, famous poet, tiled In New York City. Born in Cummington, Mass., November, 3, 1794. 1895 President Cleveland issued a proclamation against Cuban "filibust1 ers. 1899 Two hundred and fifty persons killed In a tornado that destroyed the town of New Richmond, Wisconsin. 1904 St. James' Cathedral, Toronto, celebrated its centenary. 1907 Mayor Schmltx, of San Francisco found guilty of extortion.

TWINKLES

WELCOMING A NEW DEAL. "I see that your trust is compelled to disband." "Yes," replied Mr. Dustln Stax. "You seem very cheerful about it." "Of course. Our enterprise has never yet been readjusted without enabling some of us to take down a very comfortable profit." SHORTENING THE COURSE. "Charley dear," said young Mrs. Torklns, ."did you say that man stole a base?" "Yes," that's what I said." "Well. I'm glad of it. There were more than our men seemed able to do anything with." DISPARITY. Our measurements of time are wrong, .'As seansons pass, with joy or grief. A day of toll is strangely long; A day's vacation sadly brief. SUPERSTITION. Poor Mr. . Skeeryman! He leads a mournful life. Every time you spill the salt, he looks for care and strife; Then thinks the new moon wasted, with its gentle silver light, If he observes it to' the left instead of to the right. Never undertakes a thing when Friday comes along, Says the day's a hoodoo and you're certain to go wrong; Shudders when a cross-eyed man appears upon the scene; Loses hope completely at the mention of 13. The howling of a homeless dog will fill his soul with grief. If he walks beneath a ladder he will tremble like a leaf. Poor Mr. Skeeryman! He never gets a rest. He reaches out for trouble and he hugs it to his breast. A QUESTION OF PROSPERITY. "You expect your apartment houses to last for several generations, don't you?" said the man with a row of children at his side. "They are built to stay," replied the agent proudly. "And you think It would be a good thing for everybody to live in apart ments. "Most pleasant and convenient mode of existence possible." "Well what I want to know is this: If you persuade everybody to occupy apartments and then deny homes to peaple who have children, how do you expect your heirs to find tenants for your buildings?" IN HISTORY"

A BUSINESS REVIEW OF THE PAST WEEK BY HENRY CLEWS

A further broadening tendency has been shown In the financial situation this week. The market for Stock Ex change securities may now be regard ed as having reached the stage where it is performing its usual function of discounting not alone the agricultural prospects but also the improvement in trade and industry that in turn will follow the satisfactory yields of our farm lands that are in prospect. On Thursday the Government issued its grain report, showing conditions, as of June 1. As usual there was some deterioration in winter wheat during the month of May, hut the outlook, ift view of the increased acreage this year, is for an outturn of approximately 480,000.000 bushels. This, if fulfilled, will mean a harvest that has not been equalled, since 1906. It is worth recalling that at this season the winter wheat crop is fairly well assured. Harvesting is already In progress In Texas, Oklahoma,. Missouri and Kansas, and another fortnight or three weeks will place winter wheat as an assured asset for 1911. The Government's initial report on spring wheat, just Issued, is also an encouraging feature, the condition of 94.6 confirming the known favorable seeding conditions. The area showed an increase of a million acres, and the outlook is for a yield of 284,370,000 bushels, which compares with the final harvest return of 233,399,000 bushels last year. No official report on the area planted to corn will be available until a month from now, but usually reliable advices from the leading centers of the corn belt suggest that this, which is the most important crop, will also demand recognition in the list of favorable stock market factors. As was noted last week, the cotton crop, as well as the condition of the plant, are well above the average, so that to those who look to the agricultural sections of the country as their guide for stock market operations the outlook is one of distinct encouragement. But we should not forget that it would be an abnor. mal year if we did not have the usual crop scares and exaggerations. Thus we are upon the threshhold of what may be termed the crop market sea son, which means a period of active fluctuations in security values and op portunities for alert and well-inform ed traders to make substantial profits Some pat of the week's early firm ness undoubtedly represented preparations by experienced operators to take advantage of the semi-annual dividend and Interest disbursements to be made in July. Last year these dis bursements amounted to $205,000,000 and It Is probable that this year's totals will exceed that figure by a con siderable amount. The policy of dis counting the reinvestment of some part of these distributions is one of the oldest professional practices in financial circles. It is, it is true, a highly indefinite question of how large a proportion of these distribu tions are each recurring season rein vested in securities; but there can be ho question that in normal, times the amount is sufficient to justify careful recognition as a factor in the market. Experienced operators, therefore, an ticipate by their own purchases the purchases that will be made by re cipients of these dividend and interest payments when the latter actually have their cash in hand. January and July are the months of greatest vol ume in this respect. General business, it is true; has not yet shown appreciable increase in volume, and the iron and steel industry seems to be awaiting to some extent on the result of the Congressional investigation, that is now in progress, of the position and influence of the United States Steel Corporation. The market has been temporarily influenced from time to time during the week by reports that the Government had decided upon legal actions in connection om the operations of the Steel Corporation. But these reports carJAP nose SOAP CTKANSVJaJmfT) a SKin and clothing are entirely different things. Naturally they require entirely different soaps. Jap Rose is essentially a sllin cleanser. Madefrota the purest vegetable oils, blended by oar own process. Perfect for the bath. Said by efaofars everywhere. REFUSE IMITATIONS. Lok for the Jap Girl m every package A Large Cake 10

ried their own refutation In the fact that as long as the investigation was in progress and no report had been submitted by the committee that Is conducting it, it is highly unlikely that

the Department of Justice would take definite steps In instituting new suits. With the favorable harvest prospects, however, there is every reason to believe that a demand from consumers for the products of Industry will begin to make itself felt In the near future. Stocks of goods in the hands of wholesale distributors are not large, and investigation in retail circles shows a like condition. Therefore, when the consumer begins to' purchase merchandise to meet his actual requirements be will be apt to start a movement in merchandise distribution that will promptly extend through the various chanels from retailer to producer, and not only will retail stocks have to bo increased to normal proportions, but the various other channels which have been drawn upon in the day to day de mand that has been the feature of the last few months will necessarily be readjusted to the urgency of consumers' accumulated requirements. This means, in its turn, a sudden advance from present unsatisfactory mercantile conditions to distinct activity, for in due course the filling up to normal proportions of the various avenues of distribution must take, place coincidently with the commencement of the actual demand. We have, there fore, in sight a period of mercantile and industrial activity which needs but slight encouragement to assume large proportions. The Copper Producers' association's statement for May showed an Increase in stocks of the metal of 440,024 pounds, notwithstanding that domes tic deliveries exceeded the April to tal by more than 12,000,000 pounds The iron and steel industry also showed a quieter, condition towards the close of the week. Money conditions still remain one of the most favorable factors in the general situation. Not only do the banks throughout the country show abundant reserves, but a considerable balance in our favor is available abroad and will become evident in tho form of gold Imports as soon as money rates on this side justify the transfer. This means a continuance of ease in the money market for some time to come, extending at least until the agricultural sections make their usual demands upon the money centers for funds to finance the marketing of the crops. Prospects continue to favor an excellent market for traders with active and wide fluctuations to furnish frequent opportunities for profitable operations. Parsley'n Peculiar Power. . Dhtbes containing cold jointa ar. usually decorated with parsley. there any particular reason why pars ley should be the special herb use. for this purpose? Most people wouu probably say that It was the pecttlhu beauty of the leaf which gave parsley its claim. No doubt this Is the reasoi why we retain parsley for decoratlyi purposes.' but It Is believed that tb reason of its original adoption is i very differeut one. Parsley was at one time supposed to be an antldot. to poison. This belief is not alto gether without foundation, for parsley is even now said to te an excellent remedy for overindulgence tn spirituous liijuors. Iondou Answers. i lie iMO.

, for Seventeen-Cents-a-Day! What! Actually buy outright the $100 Oliver Typewriter for 17 cents a Day? Yes. sir that's the proposition on the new model Oliver No. 5, ' the Standard Viaibla Writer.

We not only invite you we urge youtunity. ,

The speed of the Oliver sets a pace that has never yet been excelled. Its strength and endurance are such that it serves you efficiently for a lifetime. No other machine in the $100 class compares with it in simplicity, for we do away with hundreds of parts used on other standard typewriters. The first crude model of the Oliver Typewriter was built' from an old washboller and tha type of a country print shop. It was a curious looking affair, but, the principles embodied in ita design were destined to revolutionize the typewriter" world.

OLIVER The Standard Visible Vrder Model No. 5 has captivated the public by its wealth of exclusive features which save time and effort, add scores of new uses and give tremendaus gains in efficiency. The new "coat of mail" protects important working parts from dust, gives added strength and stability. The Disappearing Indicator shows exact printing point and ducks when type strikes paper. The Vertical and Horizontal Ruling Device Is a wonderful convenience. The Automatic Tabulator and the Line Ruler are TWIN DEVICES. Each supplements and completes the other, in tabulating, invoicing and all kinds of statistical work. The Balance Shifting Mechanism, the Automatic Paper Fingers, the Paper Register, the Back Spacer and other innovations put the finishing touch of perfection to this incomparable writing machine. (73)

The Oliver Typewriter Co. 325 West 4tb

TRANSPORTING ARMS TO CENTRAL AMERICA

Havana, June 12. A filibustering expedition of three sailing ships, carrying a large force of men and a supply of ammunition, sailed from the southern coast early today for Central America after evading the Cuban rev enue boats. They are believed to be bound for Honduras. Ex-President Bonilla of that country was recently here In conference with friends of Castro and Zelaya, former Venezuelan and Nicaraguan dictators. MASONIC CALENDAR Monday, June 12. Richmond Commandery. No. 8, K. T., Special Conclave, work in the Red Cross degree. Wednesday, June 14. -Webb lodge No. 24. F. & A. M. Called meeting. Work in Master Mason degree, commencing work promptly at 7 o'clock. Refreshments. Thursday, June 15. Wayne Council No. 10, R. & S. M. Special Assembly, work in Royal and Select Master degree. Refreshments. Saturday, June 17. Loyal Chapter No. 49, O. E. S., Stat el meeting. Re freshments, i "COMPLICATION OF DISEASES." How often one hears this expression. It means a condition in which no ona disease fully develops, but symptoms of "various disorders are present. Poisoned, Impure blood would explain the cause in nine out of ten such cases. It matters not if the blood be poisoned by Inoculation, or by the failure of one or more of the important glands of the body to perform'thelr duties,"a powerful alterative or blood purifier, is necessary to cleanse it, and in so doing removes the cause. Dr. A. B. Simpson's Vegetable Compound is the most thorough and powerful alterative or blood purifier ever known, a fact which is firmly established, and supported by testimony of hundreds of grateful people. It is harmless as it is effective, and sold at one dollar a bottle at all drug stores. rm MAKE

MAMER, The Jeweler

810 Main St.

d Oliver JiypetAjpieir

to take advantage of this remarkable typewriter opporThis plan was devised for the benefit of the many thousands who are renting machines or doing without them for lack of ready cash. In selling you an Oliver Typewriter we meet you more than half way. A small cash payment brings the machine. . We willingly wait while you pay at the rate of Seventeen Cents a Day. We don't want a cent of security. Just your promise to-pay is, enough. " Swiftest, Strongest, Simplest of All $100 Typewriters

A BRACING TONIC

How to Knock Out Spring Fever with A Reliable Spring Tonic. Spring fever is nothing in the world but a run down stomach overworked with an excess of meats, canned goods and other food eaten freely in cold weather. When your stomach is not working right neither are you. So, to get yourself in shape you must give your stomach the tonic it needs. Give your stomach a simple, remedy that win set it to working right, and at the same time brace up your entire system. Here Is a receipt for a home prepared stomach tonic that will do the work in a jiffy: Logos Stomach Tonic, one 80 cent bottle (2 oz.); port wine, enough to make one pint. That's all there is tc it simple but effective. You can find no tonic that Is easier to take or is more acceptable to your system than LOGOS Stomach Tonic, Two teaspoonfuls after meals do tb business. Don't delay, but. prepare a supply at once. Logos Stomach Tonic Extract can be obtained at any first class druggists for 50 cents for two ounces. The Question Is Could you use $50 or $75? If you are not familiar with our good plans,, and fair rates, then you haven't any Idea how readily you can borrow that amount. Wa loan on furniture, pianos, etc., and every inquiry held strictly confidential. Call at our offices; writ or 'phona if you need MONEY. " Phone 2560 E. Cor. 7th and Main s. Palladium Want Ads Pay. yh TTi

liALim

FINE Graduation " Presents There Is nothing, that will render greater service than a high grade Watch one that it will be a pleasure to look at because when you do you are sure of the correct time. We also have a nice line of Jewelry, Sterling Picture Frames, Umbrellas, Waterman's Ideal Fountain Pens, any one of which will make elegant Commencement Gifts. Give us a call. It Is a pleasure to show our line.

Send for Oliver Typewriter Book and M17-Cent.a.Day" Offer. We have told you very briefly about the Machine, and the Plan Free Books, giving details in full, are yours for the asking. Whether you wish to take advantage of the Seven-teen-Cents-a-Day Offer or not you should have a copy of the OLIVER BOOK and become better acquainted with the typewriter that haa made itself indispensable to the business world and broken all records in sales. If you are a salaried worker, the use of the Oliver Typewriter will increase your efficiency and force you to the front. It has helped thousands to better salaries and more Important positions. If j-ou are in business for yourself, make the Oliver your silent partner and it will do its full share toward the development and success of your enterprise. If you own "any old typewriter, we will accept it on the first payment for the new model Oliver Typewriter. : Your machine is ready for immediate dellvery. Write us NOW. Address Sales Department.

SL, CiaetsnctI, Obio