Rensselaer Semi-Weekly Republican, Volume 41, Number 5, Rensselaer, Jasper County, 25 September 1908 — Page 2

and those sharp, shooting, agonizing pains drive yon almost crazy, take Dr. Miles’ Anti-Pain Pills, and get relief. They drive out the pain bv their soothing effect upon the nerves. When taken as directed they are harmless, and leave no bad after-ef-fects. That’s the reason they are so popular with all who use them. Your druggist can tell you what others in your locality think of them. "I do positively think that Dr. Mile** Anti-Pain Pills are the best medicine ever put upon the market. I find them so restful and soothing-, and without any bad after-effects. I have suffered with neuralgia bo that my system would just ache and quiver, and I cannot take opiates; but I can take these tablets, and they always relieve me. No one that suffers with neuralgia need fear to take them aa I know they will not form a habit, for tt there was any opiate in them I could ttot take them. Just one in the morning when I feel baa, and I can do my sitS. W. H. y BURKETT, Macon, On. Dr. Miles’ AntiiPain Pills are sold by yew- druggist, who will guarantee thA mm erst package wtn benefit. If It fhtta, he will return your money. JM» desoa, 25 cents. Never sold in bulk. Miles Medical Co., Elkhart, Ind

Sour Stomach No appetite, loss oi strength, names Biss, headache, constipation, bad bras* general debility, sour risings, and cstarri of the stomach are all due to Indigestion Kodol relieves indigestion. This new dliose try represents the natural juices of dlgee Don as they exist In' a healthy stomach. ,combined with the greatest known took wnd reconstructive properties. Kodol fw dyspepsia does not only relievo indigeaUot •nd dyspepsia, but this famous remed} helps all stomach troubles by cleanslnf purifying, sweetening and strengthening the mucous membranes lining the stomach. Mr. S. S. Ball, of Ravenswood. W, Va.. aajrar- ,** I was troubled with sour stomach for twenty years. Kodol cured me and we are now using it In orib hr be by.” Kodol Digests What You Eat. Bottles only. Relieves Indirection, sour womsoi belching of fas, etc. Prepared by E. O. DeWITT * CO., CHIOAOO Bold by B. F. Fendig. The Cough Syrup that ride the system e t a cell toy acting as a. cathartic ea the bowels Is BEES LAXATIVE GOU6H SYRUP Boat is the original laxative cough syren contains no gpiates, gently moves tM bowels, carrying the cold off through tW natural channels. Guaranteed to give Satisfaction or money refunded. Sold by B. F. FENDIG.

KlLLthe COUCH bd CURE the LUMCB "™ Dr. King’s New Discovery FOR CZffl* JSk. AMD ALL THROAT AND LUNG TROUBLES. GUARANTEED SATISFACTORY OB MONET REFUNDED.

tipieat Market ROTH BROS. Rensselaer, Lnd. Shop first door east of Odd Fellows' building. Everything fresh and titan Fresh and salt meats, eta, Please give us a call and we wIU guarantee to give you satisfaction. None but good cattle killed. Remember the place. Highest market price paid for hides and tallow.

PIONEER Meat - Market J. EIQELSBACH, Proprietor. |P . ... Beef, Pork and Veal Melton, Seusaie, Bologna Ut Lowest Prlooe.. The Hlgheet Market Pltoe Ml for VhAWs

VIEWS OF AN EXPERT.

Shall Banks Be Made Liable for , One Another’s Debts 2 —- Recognized Authority on Financial Questions Discusses Practical Bearings of Proposed Guarantee Plan. (By George E. Roberts, former Director of the Mint. I The proposal to require the banks of the country to guarantee each other’s "deposits owes its present strength to the financial disturbance of last fall. It is urged as a means of preventing

panics, and there is no disagreement about the desirability of accomplishing that purpose. Most of us agree that a repetition of the conditions which existed last fall should be made impossible, but this is by no means the only way to do it, or the best way. For years the advocates of comprehensive currency reform have pointed out that with $14,000,000,000 of bank deposits in the country and only about $3,000,000,000 of money all told in the country, both in the banks and out, there should be some method provided by wblcb, on the basis of good assets, the supply of-lawful currency could be readily increased to meet exceptional demands, whether such demands were due to seasons of unusual business activity or to alarm among depositors. Their foresight and arguments did not avail, but they are hardly to be swept off their feet now by Impatient zeal for this new, and, as they regard it, Illconsidered scheme. They stand for a complete and scientific treatment of the subject. The guaranty of deposits Is a crude and imperfect remedy at best. It does not recognize or attempt to- cure the defects in our banking and currency systems, but aims only at persuading depositors not to draw their deposits. The losses to depositors by the failure of national banks has become an insignificant percentage, and is growing less every year, as a result of natural, evolutionary progress In banking. The standards are being constantly raised, and the efficiency of official inspection and supervision constantly improved. The true line of development is not by any revolutionary policy, but by holding individual bankers to yet stricter account, and at the same time enabling every properly conducted hahk to readily obtain a supply of currency to meet all demands upon it. The fundamental weakness in our currency system is in the fact that it is not readily responsive to the needs of the country. The legitimate demand for money varies from year to year, and from season to season in the same year. It is a familiar fact that there is a great deal more business to be handled from September Ist to December 31st each year than in any other four months of the year, but there Is no more money in the country unless -gold Is -Imported for the purpose: ' m ~ Would Load to Reckleaa Banking. As a remedial measure the guaranty of bank deposits is not only inadequate, but it Is worse than Inadequate, for It proposes to overturn the principle of individual responsibility by means of which the banking business has been raised to Its present high standards, and upon which all individual and social progress is based. The proposal contemplates that the public shall be relieved entirely from the exercise of judgment and discrimination in the choice of banks, and while it is highly desirable that all banks shall be made safe, to the end that even the most ignorant and confiding may be protected, It is still true that an alert public opinion has great influence In maintaining proper banking standards. We cannot afford to do without that Influence.

Under present conditions the investments, the personal habits, the general character and abilities of the banker are under the constant scrutiny of the community, and a matter of public interest. Notwithstanding occasional instances In which the public has beeii deceived, it may be stated as a general proposition that an unblemished character and a reputation for good buslnesa ability and conservative judgment have been necessary to success in the banking business. The public looks over the Individual who is to receive, and Invest and be responsible for its money with some discrimination, and the elimination of the unfit by the scrutiny and composite judgment of the community la a factor of the highest value In maintaining the standards of the banking business. It is, however, a factor entirely overlooked by the advocates of this scheme.

They calculate the Insignificant percentage of loss to total depoeits under present conditions, and assume that no greater losses would occur after character ceased to be a factor hi the buslneaa, and all deposits were given blindly to whoever would bid highest for them. To the objection that this elimination of character aa a factor In the acquisition of deposits must tend to promote reckless banking, reply Is made that bankers will be deterred from recklessness by fear of losing their own money. The reply misses the point All men are not deterred from recklessness by fear of losing their own money, hot reckless men are now.

v •, I ,w. .... ' as« rule, kept out of the banking budness by the unwillingness of the public to entrust money to their care. Cureful Banking Bent. Under present conditions there are compensations In favor of. careful and conservative banking. There are people who are not influenced in their selection of a bank by the highest rate of interest offered on deposits, and who have their suspicions aroused by the tender of exceptional inducements. They know that such offers put a strain upon the business, and they deliberately prefer to place their money with a banker who will not subject I himself to such strain. These depositors esteem safety above all other considerations, and they are numerous enough to exercise a very wholesome restraint upon reckless tendencies in the business. A hanker now prizes the reputation of doing a safe business, and cannot afford to have a reputation for imprudence and speculative inclinations. And yet, although held in check by these powerful considerations, the pressure of competition carries ths business near the danger line even now. There is too much competition for deposits, and the ambitions of the more venturesome members of the fraternity, and the pace they set, puts the whole system under strain. But what are likely to be the conditions in the business when the public is no longer concerned about the management of a bank, and all the rewards for conservatism and restrants upon recklessness are removed? The considerations which in the past have tended to safeguard the business and advance Its standards would be gone. The public would care nothing for the personality of the banker. Instead of looking to the Institution which received the deposits, the depositor would rely on an outside fund. A banker might bet Ml the deposits on horse races without the fact becoming a matter of any concern to his customers. And how would the conservative, prudent hanker fare under these conditions? The legitimate reward for maintaining that character would be lost to him. He would get no deposits unless he bid as high for them as his rivals, for the government would stand behind the latter, and assure the public that they were just as safe as he. and tax him to make them so. In short the reckless and incompetent peo pie, who are now either excluded from the banking business, or held in check hy the distrust which a discriminating public feels towards them, would make the pace to which everybody else in the banking business would be obliged to conform or get out of the business.

Would Demoralize Bunine... The hardest competitor in any line of business is the Incompetent or dishonest man who does anything to get business. Such people get into the banking business even now, but their number and influence for mischief would be greatly increased if they were backed up by unlimited credit In other lines there may be some question as to the quality or service offered by rivals, but all bankers deal in the same kind of money, and if deposits were made a Joint liability, there is no reason why they should not go to the bankers who offer the greatest inducements -to .attractthem. The careful banker would have no ofT-set or protection against demoralizing competition, arid he would be placed in the strange position of being liable for his competitor’s obligations. All efforts to make it appear that the interests of bankers are on one side of this question and the interests of depositors on the other are untrue to the facts. Nothing that In the long run is harmful to the banking business, that puts it under strain and tends to lower its standards, can be beneficial to depositors or the public. It cannot be advantageous to the community to have its savings and working capital pass into the hands of the venturesome class of bankers who will bid most for them. The actual waste and loss through unwise Investments would inevitably Increase. It would fall at first on the conservative bankers and penalise them. Instead of an elimination of the unfit, which is the true process of evolution, the tendency would be to an elimination of the best Eventually the burden of Increasing waste would have to be borne by all depositors and ths whole community.

Oklahoma Trial Inconclusive. The fact that the first bank failure In Oklahoma after the law went Into effect, was followed by Immediate reimbursement of the depositors, proves nothing as to the practicability of the system In the long run. The fact that the State banks of Oklahoma have gained deposits since the system went Into operation, while national - banks within the State have lost. If true, proves nothing as to the merits of the system. The law Itself requires that all public dejtoslts must be kept In banks that belong to the system, and this provision alone would cause a considerable transfer of deposits and Influence some banks to Join the srstem. The real test of the policy will come In Its Influence upon the banking business In the long run. Will it tend to secure more careful end prudent Investment of the vast sums which the people of the country keep In banks, or will Jt tend to weaken the personal responsibility for these funds and divert them into Incapable and wasteful hands. It la a superficial view which lays all emphasis upon the Immediate results of tb« law and gives no consideration to its violation of fundamental principles and the consequences which most follow.

For Sale by the Halleck Nursery Co., Fair Oaks, Ind. Large stock of apples in all sizes, trees 6 to 7 feet high, sls per 100; 30 trees at the 100 rate. We also keep a good stock of pears, peaches, plums, cherries, grapes, currants, gooseberries and small fruit of all kinds, shade trees, evergreens, flowering shrubs and plants, roses, etc. Come and see us or write for price list. CHAS. HALLECK, feb.lsw. Manager.

Continental Insurance Company. The largest and one of the best of American companies wilting fire and wind storm insurance on city and farm property. Farmers before renewing your insurance aee the Continental’s most liberal contract. Any limit you wish on horses and cattle, in case of loss we pay an adjustment without discount, all at the same price that smaller companies will charge you. See that your insurance is written in the Continental. Call my offlee any Urns and let me show you. The same offloe K&i the Continental has been represented in for years, room four, second floor, t. O. O. F. building. Rensselaer, Ind. A. J. HARMON, tf-ew-2d Successor to J. F. Bruner.

Bargains in Pasture Land. 280 acres level pasture land 11 *e along large ditch, mostly open lanj, in blue grass, on main road, %, mile to school, Ml mile to gravel road leading to court house. Will take half in good town property, merchandise, or other land. Price S3O. G. F. MEYERS, Opposite Court House.

OHIO FARMERS INSURANCE CO. Has been doing business for 60 years, writing fire, lightning and cyclone insurance on city, town and farm buildings and live stock; also hay in stack and bam. It will be to your interest to see me befoie you have your insurance written up. Octlsdsw J. C. Porter, Agent. The fact that there are no birds in last year’s nests does not deter the small boy from getting time pecked out of him trying to purloin the ones in this year’s.

FOR A SPRAINED ANKLE. A sprained ankle may be cured In about one-third the time usually required, by applying Chamberlain’s Liniment freely, and giving It absolute rest. Sold by B. F. Fendig. c And, of course, the North Pole will stay right where It is until the intrepid explorer finds it. That’s a nice thing about the Pole —it is no dodger. DeWitt’s Carbolized Witch Hazel Salve is recommended as the best thing to use for piles. It Is, of course good for anything where a salve Is needed. Beware of Imitations. Sold by B. F. Fendig. A New York doctor wants a man to select his wife as he would a horse. 1 suppose he means by looking at her .teeth and whacking her on the ribs. Rings Littla Liver Pills for biliousness, sickheadache. They keep you welL 25c. Try them. Sold by B. fT Fendig. nv. On**** ■ Just about the time a college boy’s legs get cured of injurise received in a football game, the pretty co-ed begins to pull it good and hard for icecream sodas. DeWitt’s Little Early Risers are small pills, easy to take, gentle and sure. Sold by B. F. Fendig. A Michigan editor complains because too much Bparklng is being done in the postoffice. This would seem to be the appropriate place for a woman to go for her male. WILL HULL CLOVER Persons having clover to hull can secure the services of A. T. Ropp. Drop card or leave word at his farm near Alx, stating number of acres. A Chicago man got up in a street car and gave a woman his seat. The next day she married him. All the men who have heard this are letting the women stand.

AGENT S An opportunity to make big money; S2OO monthly from an Investment of $5. Experience not necessary. Don’t reply unless yon mean busineea. For full particulars at one* write HAYDEN GRIFFIN l CO., Told*, 0.

HOW TAFT WAS SOUGHT BY M’KINLEY.

The Manner In Which the Republican Candidate Waa Called to a Larger Sphere of Action. One afternoon Aacly in IdOO, when Judge William H. Taft was dictating a decision of the United States Court in the Federal Building in Cincinnati, a telegram was placed in his hands. , He tore off the envelope and was surprised to find a telegram from President William McKinley, reading: “I shall take it as a great favor if you will call on me some time next week." Judge Taft guessed at the meaning of the summons and guessed wrong He went to Washington and was show:; into a room at the White House, where he met the President and Secretary Long of the Navy. Later. Elihu Root, the Secretary of War, came in. Then, to use Mr. Taft’s own words:

“Mr. McKinley said that he wanted to send me to the Philippines to help in the work of establishing civil government as the army moved on. I thought of my place on the bench and hesitated. Besides, I believed and said we could get along without the Philippines. “ ‘But we have them and must take care of them,’ the President replied. “ ‘You are at the turning of the ways in your life,’ Mr. Root then observed. ‘The bench is the easy road. You can stay there and be comfortable. On the contrary, the Philippines will demand personal sacrifices and risks and much hard . work, but yon will have an opportunity of doing your country a very great service.’ I went home, and argued the matter for two weeks.” The telegram to Cincinnati opened the door of American history to William H. Taft and made him the Republican candidate for President of the United States.

Obligations of Civil War.

Money indebtedness is not the only obligation we incurred and assumed in the great civil war. There was a still greater debt, an everlasting obligation that could never be paid in full. But in the years that have followed, the Republican party has inaugurated and developed pension laws under which over three and one-half billion dollars have been paid to disabled veterans or to the survivors of those who gave their lives for their country and their flag. This pension system, a product of the policy of the Republican party, has no precedent in history and no equal in justice and generosity among the nations of the earth.—Hon. James S.' Sherman. Colonel Bryan laments the “discrimination that has been going on against the farmer” in electing so few tillers of the soil to Congress and the Senate. What troubles him chiefly, however, is the discrimination which the whole American nation exercises against a certain farmer of Lincoln, Neb., in declining to elect him to the White House.—New York Tribune.

THEY TAKE THE INKS OUT.

“I have used Dr. King’s New Life Pills for many years, with increasing satisfaction. They take the kinks out of stomach, liver and bowels, without fuss or friction,” says N. H. Brown, of Pittsfield, Vt. Guaranteed, satisfactory at'A. FV Long’s drug storwr^ Cheer up! Even if it is true that airy, fairy Lillian Russell is married again, It isn’t at all probable she will be long. Kodol will, without doubt, make your stomach strong and will almost instantly relieve you of all the symptoms of indigestion. It will do thiß because It is made up of the natural digestive juices of the stomach so combined that It completely digests the food just as. the Stomach will do it, bo you see Kodol can’t fail to help you and help you promptly. It is sold here by B. F. Fendig. Everytime a politician gets mad he seemß to want to take his spite out on “Uncle Joe” Cannon.

Many people suffer a great deal from Kidney and Bladder troubles. During the past few years much of this complaint has been made unnecessary by the use of DeWltt’s Kidney and Bladder Pills. They are antiseptic and are highly recommended for weak back, backache, rheumatic pains, inflammation of the bladder and all other annoyances due to weak kidneys. They are sold by B. F. Fendig. However, do not let anybody get the Idea that this is going to be a phonograph campaign. Kodol will, in a very short time, enable the stomach to do the work it should do, and the work it should do Is to digest all the food you eat. When the stomach can't do It Kodol does It for It and In the meantime the stomach Is getting stronger and able to take up Its regular nntural work again. Kodol digests all yon eat. It makes the stomach sweat and It Is pleasant to take. It Is sold here by B. F. Fendig. ■■■■-' -■-■■■■■ n —i... .in. / And just think what a lamentable condition the umbrella trade must be in by this time! If you are a sufferer from piles. Man Zan Pile Remedy will bring relief 1 with the first application. Guaranteed. Price 60e. Sold by B. F. Fendig nv.

Simple Heme Remedy That Is Sale and ( . . -V Pleasant • •« Few people escape constipation. Catching cold, over eating, worry, lack of exercise, failure to answer promptly the calls of nature, diseased or weakened system or strong medicines may cauße it. The too common practice of taking salts, or pills or some such violent cathartic has always done more harm than good. They make the bowels act quickly and violently simply because they Irritate them, and leave them in a worse condition than before. What is needed is a mild easy herb laxative, that gives regular dally movements In all cases, jet does not pain or gripe, and which will strengthen the bowels and tone up the system instead of depleting It Dr. Caldwell’s Syrup Pepsin taken at night before going to bed will bring an easy pleasant natural movement in the morning even in the most obstinate cases and without any bad effects. No pain. no gripe and it is so safe and pleasant to mothers give it to their babies with splendid results. It is an aid to digestion and tones up the system as weU as cures bowel trouble. Dr. L. B. Covey, Savannah, Tenn., writes: “I get better results from It than any Pepsin I ever used.” Dr. T. Jones, Osgood, Mo., says: “I consider Dr. Caldwell’s Syrup Pepsin the best of all laxatives.” Mrs. Almon Willis, Jamaica, Vt., says: ’T truly believe it saved my little boy’s life.” Rev. A. J. Fletcher, Rutherford, Tenn,, says: *T am 80 years old and your Syrup Pepsin has cured me of dyspepsia and bowel trouble.” W. D. Jackson, Bums Station, Tenn., says: “I was afflicted with constipation and, dyspepsia for nine years, and found no relief until t used Dr’. Caldwell’s Syrup Pepsin." All druggists sell It at 50c and SI.OO per bottle. 3fe23 Wa are glad to send a free sample to any reader of this paper who has never used It arid will give it a fair trial. Writ* today to Pepsin Syrup Co., 80S Caldwell Bldg., Monticello, 111. , - - s * l* MA - g - WNO-

W t d:. ] ~-E„ TH , E aS T ;rf > r*o 0 .-s or RHEUMATISM LUMBAGO, SCIATICA, NEURALGIA, 1 KIDNEY TROUBLES, CATARRH, ASTHMA and - KINDRED DISEASES GIVES QUICK RELIEF Applied externally It affords almost Iq, stunt relief from pain, while permanent results are being effected by taking It Internally, purifying the blood, dissolving the poisonous substance and 1 removing it from the system. DM. O. L. GATES 9 Haneork, Minn., write*l “ A little girl bar* had inch a weak book 1 caused by Rheumatism and Kidney Trouble that *he could not etand on her feet. The moment they put her down on the floor ehe would aoream with palna I treated her with > “6 DROPS” end today »he run* around a» well sfSfvsim irsevtssis.TEST “5-DROPS” FREE If you are suffering with Rheumatism. Lumbago, Sciatica, Neuralgia, Kidney i Trouble or any kindred disease, write to us for a trial bottle of “5-DROPS." “8-DROPS” Is entirely free from opium, cocaine,morphine, aicohol.laudanum and other similar ingredients. Large Size Settle "S-DHOCS" <IOO Deeea) f 1.00. Far Sale by Druggiete. SWANSON RHEUMATIC CURE COMPANY Dept SO. IV4 Lake Street. Chloage

SAVE YOUR HORSES Morris' English Stable Liniment it poet lively the mod penetrating liniment made ll tk<*» not slay on the outside, got* to the »««t of the trouble at '! ones. |t allajrt lever, relieve* aeNneafe reduce* swelling. , . * Safe, Speedy end Poeitive far I Strained Tendon*, Bruisis, Cuts, Sw *’*‘ nrv ' Capped •**»» v-ldSlt/ I.*»’• -'>*•»» t - «i» Yc-ui n..mc, t.«<b .I it fail, to give In Use for BHB 20 Years. Pf UA »«w ••lUmonia!. s,>d Irrr book: MrTj "Che Horn, Hu Vision* and Treatment " Lm.»w-nl (« a»lc by Dr^*«*‘ Uu * •*"' * , **«Md*<»»Oi»»U KrtjWf'OfM Wells Medicine Co. Rjyjmraja Third Street Hgg&fjEKV LAFAYUTE. IND.

Cream Wanted Will pay Elgin prices and remit promptly. Why send your cream to Chicago when you can sell It la your neighboring town and get a fair, honest tost Mack’s Creamery, Monon, Indiana. MtLKOY TOWNSHUfT' The undersigned, trustee of Mllroy township, will attend to official buriness at hie residence on the Orel and third Saturdays of each month. PeroawSnvhi* business with me will office address. RemlngSott,*!^ VI Wilt birtnf cam end comfort to