Waynetown Despatch, Waynetown, Montgomery County, 13 June 1913 — Page 6
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BANK STATEMENT!
Report of the condition of the Waynetown State Bank, a state bank at Waynetown, in the State of Indiana, at the close of its business on June 4,.1913.
WILLIAM RIDER, President. IX C. MOORE, Vice-President. V. W. LIVENGOOD, Cashier. MACK FOSTER. Ass't Cashier.
1 RESOURCES. Loans and Discounts 1 G",292.3n
Overdrafts ,450 80 Other bonds and S.icnfitu-s. 500.00 Banking 1.1 ouse 2,000.00 Due from Banks and Trust
Companies 05,448.72 Cash on Hand 6,430.08 Cash Items Current expenses Interest paid
Total
resources.
/i »..• a
Certified checks.. Due to Banks and Trust Companies Reserved for Taxes
For Particulars Consult Agents
BIG FOUR ROUTE
in regard to the
VERY LOW FARES to
New York, Boston
Niagara Falls
Thousand Islands, St. Lawrence River, Adirondack Mountains, New England, Canadian and Seashore Resorts. Tickets on sale daily until Sept. 30,1913
SEE THAT YOUR TICKET READS VIA
BIG FOUR ROUTE
ROSS ELLIS,
VETERINARIAN Phone 583
Calls Answered Day or Night. Office Two Doors East of Lumber Yard.
HILLSBORO INDIANA
H. 6. SAYLER, New Market,
Will sell you a
FORD AUTOMORILE
•, If you are thinking of buying a ?oar phone or write him and he will call and show you the machine.
H. B. SAYLER, New Market, Indiana.
MONUMENTS
For the best of anything in monu ments at prices that are right see
BEN. T. R. GRAY.
Now is the time to order for fall delivery.^
Demand Deposits ... 193.078 33 trade flourished in China long before Demand Certificates 31266.80 such a thing as currency was known
Total liabilities .$239 127.99
State of Indiana, County of MonterySS: I, V. W. Livengood, Cashier of the Waynetown State Bank do solemnly swear 'that the above statement is true.
V. W. LIVENGOOD, Cashier.
Subscribed and sworn to before me this 10th day of June, 1913. ALLEN BYERS, Notary Public.
My commission expires Nov. 17, 1914
NOTICE OF ELECTION.
Notice is hereby given to the voters of the Town of Waynetown, Montgomery county, Indiana, that on the 27th day of June, 1913, between the hours of six o'clock a. m. and six o'clock p. m. of said day an election will be held at the following named place in said Town, at the Town Hall, on Washington Street in said Town, to vote upon the proposition to build and erect an electric light line from said Waynetown to the City of Crawfordsville for supplying light for said town, and the issuance of bonds for the payment of the same, pursuant to the resolution and ordinance adopted by the Board of Trustees of said Town on the 4th day of June, 1913.
Dated this 4th day of June, 1913. J. J. BIRDCELL, President of the Board of Trustees ATTEST: E. H. EDWARDS, Clerk
CMff'Su of WayiVV"* "Che ajfetown.
NEW YORK
Central
LINES"
A CRAZY CURRENCY
China Has a Monetary System That Borders on the Chaotic.
UNIT OF VALUE IS THE TAEL,
Yet the Tael Is Neither a Coin Nor an Ingot, but Merely an Abstract Term,
and Signifies a Unit of Weight—Silver Shoes and Cash on a String.
Of the many strange things in China not the least strange is its currency. To the foreigner it seems a miracle that any business can be transacted
SUCCessfuIly
LlA31LITlLo. exchange, it has been described as Capital Stock paid in $ 30,000.00 chaotic. Nevertheless
Untlivided profits.......!.. CUina. which «peal» Exchange, Discounts, and volumes tor the bus.ness acumen ot Interest 844 66
ttie
with such a medium of
business
and
Chinese. Perhaps the fact that
... 1 .. ..
500.00 accounts for the fact that the Chinese, with such a lax system as they now possess, still stand In the front rank of commercial nations.
119.06 319.14
In China all forms of exchange from barter up are in use. A very large part of the country's business is done against the actual delivery of weighed silver. For convenience silver is ujelted into rough ingots having the shape of the Chinese shoe. These silver shoes have stamped upon them their fineness and weight. The unit of weight is the tael. which is equal to a quantity of silver weighing 580 grains trey and is worth about GO cents in aur money.
The tael is not an ingot nor a coin, but simply an abstract term signifying a unit of weight, such as a "pound" of butter or an "ounce" of gold. Though au abstract term, it is the measure of wealth and the unit of value throughout the length and breadth of China. A man buys a business for so mauy taels of silver. His profits are computed in taels. When he makes payment he weighs out the silver according to this unit.
The silver shoes vary in weight from one to seventy-five taels. All silver shops and banks have forges, where the silver is melted in irou ladles and poured into molds. The smelters with their ladles and molds remind one of cooks. They stir the silver with a pair of metal chopsticks. To one not aware of what they were doing it would be natural to suppose that they were engaged in concocting something good to eat. In the process of recasting the ingots their fineness is often changed, being either improved or debased, whichever best suits the interests of the shop. Bankers and money changers are able to determine the quality s&Se oF touch: The sellers or depositors are always at their mercy and must often submit to the operation of having their silver discounted on account of "bad touch."
In the interior of China small purchases are made with copper coins with square holes in the center. These are called "cash" and are threaded on strings so that they may be carried across one's shoulder or on a pole. A string of 1.000 of these cash is worth about 50 cents in our jnoney. Sometimes bits of silver are chipped from the silver shoes and used for small purchases. When traveling in the interior one must take with him a large amount of silver shoes, exchanging them for strings of cash at the various shops. The money changers have two sets pf scales, one to be used in the purchase of silver and the other in the selling of it.
In an attempt some years ago to introduce a currency based on western models the Chinese government purchased and put into circulation several million Mexican dollars. The people took to the new coins and called for more. The provincial governments then set up mints and began to coin Chinese dollars of approximately the same weight and fineness as the Mexican dollars. They also coined an enormous amount of subsidiary items in the shape of small silver coins and copper pennies.
Soon it was discovered that the new currency was as unstable as the old. The value of the dollar in relation to the subsidiary coinage varied from day to day. The cent was never worth the hundredth part of a dollar. Pome days 110 cents were required to make up $1, and on other days it took 130 cents. Similarly the value of the dollar as compared with the tael was continually fluctuating. Sometimes $100 would bring 70 taels and at other times only 65. It was sickening to the people, but very profitable to the money changers.—Harper's Weekly.
The Mozart Cycle.
The only works of Mozart designed for the stage (there are nearly a score of them) that have remained regular "repertory operas." as the Germans say. are "Don Giovanni," "Figaro" and "The Magic Flute-" Once in awhile, however, a Mozart cycle is given in one of the larger German cities, and this includes generally, besides the three operas named, "Idomeneo." "Die Entfuhrnng." "Cosi Fan Tutti" and "Clemenza di Tito."—Argonaut.
Knew. His Man.
"Why did .vou tell that man. you don't smoke when yon do?" "I bad a good reason." "Perhaps he was going to give yoi! a cigar."' "No I know that chap. He was going to ask me for one."—Detroit Free Press.
Among all the fine arts one of the finest Is that of painting tbe cbeeKs jrltb bealtb.-B«wkin.
si|pgsi#§
sf.
Potts Cemetery Meeting. There will be a meeting held at the Potts cemetery on Saturday June 14 for the purpose of mowing hi id cleaning ff said conif-tery. A! persons having friends interied there are earnestly requested to be there. It is the intention of the trustees to establish a permanent fund RO that the interest on same will maintain said cemetery and any donation will be thankfully received and properly accredited by the trustees. ish on hand June 1. 1913. $25 98. John R. Hays, Frank Pittinger and Wm. Moore Trustees. John' R. Hayes, Sec.
To Whom It rtay Concern. Any one wishing to know when their mares were bred to the H. O. Huckery Stock, if ou will call me I will try and tell you, as he has sent me a list of all the names and also asked me to collect for the season as fast as you can pay as be is in need of the money.
A. M. PARISH.
Ice Cream For Socials.
I. Simmons, of Mellott, wants to furnish ice cream for all the socials in the country. He furnishes the cream, spoons and disher, when denired, all at 65 cents per gal for the cream.
Beam, the hardware man, has a good second hand self binder machine for sale.
Infertile eggs keep best. Sell your roosters NOW!—Fountain Pioduce Company.
Mrs. John Pettegrew of Danville, 111., was the guest of Mr. and Mrs. Daniel Beck over Sunday.
PASTURU FOR RENT—I want 10 to 15 head horses or cattle for pasture. Pasture extra good and good water. See or call A. J. Darnall. Phone 500.
0. (J. DONELSON
VETERINARIAN
Calls Answered Day or Night. Office —at— GRAVETT'S LIVERY BARN ——Phone Wingate Indiana
tyma-inr
Seamless Brussels Rugs, worth $10.00 now
Seamless Brussles Rugs, 8-3x10-6, worth $15.0 now
Seamless Brussles Rugs, 9 12, worth $15.00 now....
Seamless Brussels Rugs, 9 12, worth $20.00 now.....
Crex and Deltox Qrass Rugs, 9x 12, worth 10, now.
Crex and Deltox Grass Rugs, 8-3 10*6, worth $8 00 now
Crex and Deltox Qrass Rugs, 6x9, worth $5.00 now
Crex and Deltox Qrass Rugs, 4-6x7-6 worth $3.00, now...
Crex and Deltox Qrass Rugs, 36 72, worth $1.75 now....
Axminster Rugs, 18 36, good $1.50 values, now
Axminster Rugs, 27 60, worth $3.00 now
Axminster Rugs, 39 72, worth $5.00 now
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Follow The
CRAWFOR
July
Aviation Meet and a
Under the a'uspi ces of Ci awf
From the standpoint of large assortment, .quality, beauty of patterns, which are all the latest 1913 designs and color effects, this is an event that should be taken advantage of by eveiyone contemplatijig buying a lug. A reading of the prices will convince you of the savings we make possible during the Great Mill and Factory Sale now in progress at the Bischof Big Store, Orawfordsville.
Parlor, Reception and Bed Room Rugs $7.48
$9.98
$11.48
$13.75
Smaller Rugs in Axminsters and Velvets $7.49 $5.98
$3.98 $2.50 $1.25
Crex and Deltox Qrass Rugs 95c
$1.98
ORAWFORDSVILLE. INDIANA
:,l^',f4i\^
I8IS8$
Crowds
?]'(lsville
JIMMY WARD
World famous aviator positively will make two or more flights in his CURTISS BI-PLANE at the county fairground. Mr. Ward holds the world's record for long distance and endurance aeroplane flights
Band Concerts All Day, Grand Display of Fire Works. Motor Cycle and Automobile Race. Some Classy Free Amusements Something Doing Every Minute of the Day
Jimmv Ward, the- Aviator, is a Guaranteed Attraction. He Positively will Fly Before Your Very Eyes.
Remember the Date July 4
Come and Bring the Family and Prepare to Have the Time_ of Your Lives. SOM15 DOINGS
Great Purchase of Rugs
To
4, 1913
Big
of July Celebration
Handsome Axminster Rugs, 6 9, worth #15.00, now.
Axminster Rngs, 8-3 10-6, worth $30.00, now...
Axminstei Raigs, 9x 12, worth $25.00, now
Seamless Brussels Rngs, 7-6x9, worth $12 00
Crex and Deltox Qrass Rngs, 24 48 worth 75c, now.. s, Crex and Deltox Grass Rugs, 18x36, worth 50c, now.
Beautiful Chinese and Japanese Mattings at"the yard, 35c, 25c 20c and
Porch Shades made of cedar, will not warp, adjustable to any height,* 4, 6, 8 and 10 feet wide, 7 feet long, priced at 3.00, 4.00', frfi Hfl 5.0U and
Velvet Rugs, 27 54, worth $1.50, now
Axminster Rugs, 27 54 worth $2.50 now
CQ Crt Granite Carpet, a
splendid
}J.uU Factory Sale price, the yard only |«JC
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5"x
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IND.
Old Fashioned Fourth
Lodge No. 483 B. P. 0. Elks
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$9.95 $15.00 $16.75 $8.89
48c 25c
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."/.... 95c
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$1.69
value at 25 aud 30 cents, Mill and Ifl.
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