Richmond Palladium (Daily), Volume 92, Number 224, 20 September 1922 — Page 6

PAGE SIX

THE RICHMOND PALLADIUM AND SUN-TELEGRAM, RICHMOND, IND., WEDNESDAY, SEPT. 20, 1922.

THE RICHMOND PALLADIUM AND SUN-TELEGRAM Published Every Evening Except Sunday by Palladium Printing Co.

Palladium Building. North Ninth and Sailor Streets. Jittered, at the Post Office at Richmond, Indiana, aa ,; Second-Clasa Mall Matter. MmiBER OF THE ASSOCIATED PRJESS Th Associated Press is exclusively entitled to the use ior republication of all news dispatches credited to It or lot otherwise credited Jn this paper, and also the local news published herein. All rights of republication of spe- ; 5'al dispatches herein are also reserved. A Home for Indiana Records "That the majority of Indiana's patriotic i citizens realize the time has come for the erecjtion of a war memorial, part of which at least shall take the form of a special fireproof building in which the state's war relics and historical :ecords may be permanently housed, is proved f by letters published in a pamphlet just issued by "the Indiana historical commission," says the Ini dianapolis Star. "Those interested in the preservation of the ; state's treasures in the way of documents, relics, ' etc., have long known that they are crowded together in the statehouse in inadequate and unsafe places, inaccessible to those most in need of access to them. Many relics of historical interest have already been presented to the commission and many more would be forthcoming if there were a place in which to keep andtoexhibit them. "Old newspapers,, priceless records of the

early history of the state, needed for reference

frequently -by those engaged in research work, are now piled in a basement room of the state

house, inaccessible to the public. More than 150

of the battle-scarred flags carried by our soldiers in the Civil war, eleven Spanish-American

'war flags and twenty-four flags of the World , war now lie hidden in boxes because there is no ! place in which to display them. Added to these

is the great accumulation of documents and rel

ics of the World war war relief maps, gold star

records, records of the work of the state and

county Councils of Defense, for which bare storage space can be found in the statehouse, with no possibility of exhibition. "The contemplated erection of a war memo

rial on the plaza site has caused the historical commission to issue this pamphlet urging that the memorial take the form of a special fireproof building, in which all these treasures of the state may find a permanent home. The pamphlet is illustrated with cuts of some of the relics, among them one of the flags, some of the World war relics and documents, and a pile of the newspapers in the basement room, and contains expressions from men and women of the Indiana department of the Grand Army, of local posts of the American Legion, the D. A. R., the Sons of the Revolution, county historical societies of the entire state, Society of Indiana Pioneers, presidents of our educational institutions and their professors, statesmen in short, from men and women who represent the educational, patriotic and historical interests of Indiana. "All of these men and women express one thought, that a building must be provided for our .treasures, and that nothing could be more fitting as a memorial to our soldier sons than such a building. One writer says that he has in his possession many valuable documents concerning the removal of the capital from Corydon and the erection of our first statehouse wiiich he will give to the state only when it has a safe and adequate place in which to keep them, and that he knows of many other such treasures which are waiting for a place of this kind. "TJie writers of these letters are unanimous in the opinion that the World war memorial

should take the form of such a building, which

may. well be called 'a temple of patriotism.' It would not only be in keeping with the provisions of the act itself, but would more truly represent a true memorial than any other plan that has been offered. It will in time come to be to the people of Indiana what Independence Hall is to those of Pennsylvania. "It is not only the fact that in such a building our state records and our relics of early days will be preserved. It is the effect on our people that the exhibition of these records and

relics will have. All are agreed that this type of a memorial will achieve the best results in appealing to the common sympathy and developing the state pride of Indiana."

It's Comedy fo Some People But a Tragedy to Me

Bill howj arc vou

jFYjteo for Voor

iHAVeTivJ'T -

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Answers to Questionsj CAnv Trader can eret the answer to

any riuostion by writing The Palladium Information Bureau, Frederick J. Hask1n. director, Washington, D. C. This offer applies strictly to information. The bureau does not Five advice on lei?al, medical and financial matters. It does not attempt to settle domestic troubles, nor to undertake exhaustive research

on any sunject. write your quesuun

plainly and brleny. iive mil name ana address and enclose two cents in stamps for return postage. All replies are sent direct to the inquirer. j Q. Is there any kind of a stadium for athletic games in Washington? D. F. G. A. The United States la the only country among the so-called first-class powers that does not boast a national stadium. Movements have been started to establish such an institution in Washington, but up to the present time they have progressed no further than the making of papier mache models, surveys and investigations as to ' the success of the "fields" or "bowls" maintained by the various colleges of the United States. The sits contemplated for the proposed stadium is that section of East Potomac park just north of the ground that has been dedicated to tin-can tourists. It is now covered by unsightly frame warehouses that were constructed hastily during the war emergency. It is estimated that crowds of from 150,000 to 200,000 could be handled there, so far as the transportation problem is concerned, and that it would not be necessary to spend more than $1,500.000 on the stadium. Parts of Potomac park are now given over to golf, polo, tennis, hockey, lacrosse, baseball, archery, quoits, croquet, a sylvan theatre and a bathing beach. Q. What was the origin of eugenics? K. F. H. A. Eugenics is from a Greek word

meaning well born, and was first used by Francis Galton, the noted English scientist, in 1SS3, who defined it as "the science which deals with all influence that improve the inborn qualities of a race." Q. How long have there been night schools in this country? R- T. A. The first successful evening schools in this country were establish ed about the middle of the 19th century, although an attempt without results was made in New York in 1S34. Q. Who wrote "You'd scarce expect one of my age to speak in public on the stage. A. The lines quoted were written by David Everett, the American writer, who was born In Princeton, Mass, in 1770 and died in Marietta, Ohio, , 1813. Q. Has it ever been contended that Darwin did not originate the theory of evolution that bears his name? J. D. S. A. Darwin originated' the natural selection theory of evolution, so far as he himself was concerned, but it is a curious fact that by an extraordinary coincidence Alfred Russel Wallace formulated the same theory at the very same time of its utterance -by Darwin. Both men published articles presenting this theory in the same number of the journal of the Linnaean Society in 1S5S. ,

TODAY'S TALK By George IViatthew Adams, Author of "You Can," "Take IV "Up"

TANGLED VALUES

The more I consider it, the more I am convinced that to select properly and stand by the right values in life, is to plant one's feet upon solid ground. I have a friend of brilliant mind, whose values have become so tangled that he bounds about hither and thither as a cat might who has become tangled at play with a ball of yarn. You see him enthuse and grow big in possibility, only to grasp at the critical moment at some inconsequential fact which trips him and sends him reeling into uselessness. Our values are our standards of action. They must be clear and full of meaning to us. And we must level our work and ideals to them through the most serious play of our natures. Through thought must they be conceived and in great patience of mind must they live and become real to us. We have different sets of values, too. And they must not become mixed. As in the painting of the great master, each value must blend naturally and beautifully into its mate. So that the resulting character as a whole presents the best of which we are capable. I have neither patience nor admiration for any so-called art that is meaningless, even though it does, bring out a certain expression. Tangled values in a life mean only weakness and disorganization. Put a high price upon your values. Breed them from within your own heart. Warm them with the breath of your own years and never stand so near them that you lose the glory of their worth. For these values of mind, of principle, of beauty, of conduct, of character, are to you all that you are now and they may mean all that you have been to the time in which you have lived. After but a little while that intangible something which people name as your personality, will be no more. But the values which you are now setting up as a part of your life expression are bound to glow with increased color as the years mellow them into service for thebenefit of others. We become great by breathing the breath that made others great.

A WHOOP, UM6 T . I Ke Pt I AT 7, rJlSTlSlT I - If f ILt ZZ CELLAR AjLU OP L j WAPM TH;S UJIMT OR WOrl, hFOR YOO F5T , A , PLEASANT I HE? ( HOOCH BUT " rAO , MV UJHOLE FvuuYUJlLLjPROQ'LY UlT S'TRAGEOftlR M pEATrt,LHeAft HftSN J " - j pie'oe EXPOSORe' " - , V 'll , Room inSc .- -its a' Ifo ' IT 7 T TH,S CELCAcTyVN - -rei9t-2 Jfe ifc- I $ for-Coau 1 f You may"

Sub-1 reasuries Abolished Federal Reserve Banks Take Over Their Functions and Independent Treasury is Now History. "

Who's Who in the Day's News

Mi

uisinss ror ine evening

GOOD NEWS For many weeks we have been prom- , ising our readers and contributors a well-earned vacation, and now they are about to see this happy prospect materialize. During our absence Mr. Tyler H. JBliss, a young gentleman of rare literary attainments who bangs a boisterous and bellicose Blickensdefer, will oblige with song and story under the heading "Verse and Worse." Mr. Bliss is a friend of ours and we can recommend his stuff as being without drugs or poison and perfectly safe to let into the home. Not at all like buying it from a strange bootlegger. We will sail tomorrow for England .aboard the liner Boozitania and after touring England we will see some of : Germany and Franee- Ior the -next few ' weeks. From there we will journey to ' Switzerland. A portion of the autumn ' will be spent on the Italian coast. After a short trip to the Interior of vgypt we will visit Constantinople and

REAR ADMIRAL WILLIAMS Rear Admiral Clarence S. Williams, native of Springfield, Ohio, who at present is director of the war plans division in the office of naval operations at the department

in w a s n l n g ton, will shortly become head of the war college by appointment of Secretary of the Navy Edwin Denby. The Ohioan will succeed Rear Admiral William Snowden Sims when Sims goes on the retired list Oct. 15. The retirement of Sims means the passing of one of the most picturesque figures of the World war.

Rear Admiral Williams has had a long and distinguished naval career, lie was graduated from the naval academy at Annapolis in June 1884. His first sea duty was on the Hartford, which had been Farragut's flagship at the battle. of Mobile Bay, and he has served on virtually all classes of vessels, from the old sailing frigate Constitution to the battleship New Mexico.

On short duty he has been an in

structor at the naval academy, and twice senior assistant at the war college.

Lessons in Correct English DON'T SAY: This section is WORST than a desert. New homes have ROSE in the region you mention. The city is FILLED WITH strangers. Wages have ARISEN about 10 per cenl. He is "INEFFICIENT. SAY: This section is WORSE than a desert. New houses have RISEN in the region you mention. The city is FULL of strangers. Wages have RISEN about 10 per cent. HQ is INEFFICIENT.

will be back home and on the job again a week from next Monday.

Explorer Donald MacMillan has returned from the Arctic and reports that the map of that region is wrong. This is a hard blow, but we will try to survive it. We have been buncoed before.

After being married to him thirtythree years a New York woman asks divorce, claiming that her husband is "getting fretful." If a man is only "fretful" after being married that long it looks like an ideal match.

Senator Edge maintain!? that there should be an elastic tariff bill. This may appeal to the men who wear garters, but it is not of as wide interest as it would have been in the good oLJ days when every mail wore suspenders.

Memories of Old Days In This Paper Ten Years Ago Today

President R. L. Kelly, of Earlham college, member of the state board of education, had been assigned the inspection of the following colleges by the board: , Valparaiso, Tristate, Normal school, Teachers' college of Indianapolis, Rochester Normal school,

South Bend Training school and Butler

college. In addition to this. President Kelly was to visit about 45 high schools of the state.

Rippling Rhymes By Walt Mason

THE DRIVER'S PROGRESS

When first a voter gets a car, how

cautiously he drives! No rules or by

laws will he mar, he'll take no preci

ous lives. He drives his boat along

the sands, along the busy ways, h

holds the wheel with rigid hands, and

grinds his teeth and prays. "Ten miles

an hour," observes this man, "i3 fast

enough, I wot; and he who faster

sends his van 6hould presently be

shot." Old timers hear him and they

shed their sad, denatured smiles:

when they were fresh they also said,

The proper speed's ten miles." Be

hold the voter and his Liz when two brief months are sped; now twenty miles his limit is, he has not lost his head. He lectures all the . village sports on sanity in speed, and says that scorchers in the courts should dig their chickenfeed. "Oh, twenty milec

is fast enough for any man," he cries

and he's a vandal and a tough who like a comet flies." The weeks sail on,

By FREDERICK J. HASKIX WASHINGTON, D. C, Sept. 20. The federal reserve banks have completed the taking over of the functions of the sub-treasuries of the United States and the independent treasury has become a thing of the past. The federal reserve act authorizes the federal reserve banks to act as fiscal agents of the United States and they have been able to handle this business so thoroughly that the abolition of the sub-treasuries has been made possible. The sub-treasuries were created in 1846 following the long series of difficulties which Andrew Jackson and other officials of the early government had with the banks of the United States. They were branches of the treasury at Washington and were designed to handle government business in various parts of the country. The sub-treasuries were located at strategic points geographically. With the growth of the banking business in the United States it was found that the system set up in 1846 did not answer the demands of modern com merce. The federal reserve bank1? which are quasi-governmental organ! zations, did not meet this demand, so the change was made. . These twelve great banks are direct

agents of the government and, theli twenty-three branches, render a service which is declared to be superior to that posible through the old subtreasuries. Under a general power furnished by the secretary of the treasury, the federal reserve banks may accept government revenues and hold them on deposit, pay checks, and warrants of the treasury, redeem bond note coupons and conduct a general banking agency business for the federal treasury. Any government check or warrant, no mat

ter where drawn, may be presented to any federal reserve bank or any one of the branches for payment and payment will be made as readily as if the check were presented at the treasury of the United States. War Business In Bonds.

The federal reserve banks got deep

ly into this government banking busi

ness during the war. As fiscal agents,

they handled a large part of all the

selling of the Liberty bonds and Vic

tory notes. This service was not confined to the actual banking alone, The federal reserve banks were the head

quarters for the publicity campaigns

which assisted in placing the securi ties.

The magnitude of this business la shown by the figures. During the war

the federal reserve banks handled the

subscriptions and payments, distribut

ed the bonds and kept the accounts of

an aggregate of $21,000,000,000 repre

sented by more than 63,000,000 sub

scriptions. During and since the war.

the federal reserve banks also handled

for the treasury the short term se

curities known as treasury certificates

of indebtedness. The sale and distribution of $36,000,000,000 of these were handled and the subsequent redemption of $32,000,000,000. There is a vast amount of detail in performing this sort of work and treasury officials and bankers agree that if the task had fallen on the old subtreasuries they would have been swamped. The federal reserve bank of New York is the greatest of the twelve banks. In fact in many respects it is as great as all the other eleven put together in that it does about half of the federal reserve banking of the entire country. An indication of the bulk of the federal reserve bank operations is furnished by some of the figures for the New York bank. For the year 1921, that bank handled government checks to the amount of $1, 638,000,-

000. The twelve federal banks,, their twenty-three branches and the treas uy and federal reserve board at Wash ington are all connected by a private telegraph system which keeps them in constant touch. Through this system the New York bank in 1921 transferred by telegraph $1,220,000,000 in government funds. Government bonds and notes were converted and exchanged to the extent of $5,639,000,000 and treasury certificates of indebtedness and short term notes were sold by this to the extent of $1,481,000,000. All this, in addition to many other routine cervices, was performed for the government at a cost of $572,748, a negligible item in comparison wit'i what'it would have cost the treasury to handle this vast volume of business direct. Bullion Now In Treasury. All of the banking fnctions of the old sub-treasuries now have been tak en over by the federal reserve bank? and the former have been wholly abolished. But one function was omittted and that not of an active banking nature. This consisted of the storage of the metallic reserves

of the treasury, the gold and silver: security for the circulating notes of the United States. This coin and bullion was transferred directly to the treasury at Washington and it reposes in the vaults there. j To transact this enormous banking business the federal reserve banks require capacious quarters and large working forces. The work is not so heavy as during the war, but it 13 heavier than it wa3 in the days when the old sub-treasury system was in use. When the war was at its height the federal reserve bank of New York alone had a staff of more than three thousand employes and occupied rent ed quarters. A great new structure now is under consttruction for ths New York bank. It is to cost in the neighborhood of $15,000 ,000 and probably will be the biggest bank building in the world. Other federal reserve banks, including some of the branches, have buildings under construction. They are all being equipped with the most modern machinery and appliances for the handling of the great volume of the government's banking business, in addtion to the even greater volume of private business. During the last year there has been some criticism of the federal reserve banks for erecting buildings of a costly nature at a period of depression but this disappeared in the face of appeals to give employment to the

fcraany who have been out of work. Also

it was shown that the cost of the build

ings is coming wholly from the. surplus accounts set aside some time ago in anticipation of the time when the expansion of the banks business require larger quarters. However, no federal reserve bank can erect a building for itself or any branch which costs in excess of $250,000 without express permission of con gress. So 'far no difficulty has been experienced in obtaining this permission when it is asked for because it has been shown that the volume or business done by the banks is so large as to make new space imperative. The federal reserve banks do not deprive other banks of deposits of government money while acting as fiscal agents.- When taxes are paid or government securities purchased, the funds are left on deposit in the private banks until such time as the treasury requires them for use in meeting the national payroll or for other similar, expenses. Then the funds are drawn out by the federal reserve banks ad held at the instant disposition of the treasurer of the United States. This involves a large amount of boopjkeeping which is done by the fede;.-al reserve banks. In summary, these institutirns perform the functions of a priva re secretary, financial manager, nvessenger and several other agencies, for the United States, simplifying the whole financial machinery of tbjc government.

as weeks will sail, since time has many wiles, and now that voter is in jail for hitting sixty miles. "Life is too short," he tells the judge, "to move like mule-drawn drays"; the jurist mutters, "Bunk!" and "Fudge!" and gives him sixty days.

Buy Graham's Lemon Cocoa Hard Water Soap, truly wonderful. Advertisement.

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DO you know that by lar the larger number of the common ailments of women are not surgical ones ; that is they are not caused by any serious displacement, tumor, growth, or other marked change ? . DO you know that these common ailments produce symptoms that are very much like those caused by the more serious surgical conditions? DO you know that many women and young girls suffer needlessly from such ailments? More than that, they endanger their health by allowing their ailments to continue and develop into something serious. If treated early, that is, within a reasonable time after the first warning symptoms appear, serious conditions may often be averted. Therefore, at the first appearance of such symptoms as periodic pains, irregularities, irritability and nervousness, Lydia E. Pinkham's Vegetable Compound should be taken. It is prepared with accuracy and cleanliness from medicinal plants. It contains no narcotics nor poisonous drugs, and can be taken with perfect safety. The Vegetable Compound acts on the conditions which bring about these symptoms in a gentle and efficient manner. The persistent use of it shows itself in the disappearance, one after another, of the disagreeable symptoms. In a word, Lydia E. Pinkham's Vegetable Compound acts as a natural restora. tive, relieving the present distress and preventing more serious trouble. Why not give a fair trial to this medicine

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