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title: 'The Day book. (Chicago, Ill.) 1911-1917, June 09, 1913, Image 7',
meta: 'News about Chronicling America - RSS Feed',
Image provided by: University of Illinois at Urbana-Champaign Library, Urbana, IL
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accidentally put his hand through
window during quarrel and may die.
C. W. Seiders, 55, postmaster at
Lake City, HI., overcome by gas at
Grace Hotel. Condition serious.
Shabby looking robber held up
George Mitchell in his restaurant at
158 W. 31st st. and got away
William Laidlaw, 6 W.' Erie St.,
drugged in N. Clark st. saloon and
robbed of $480. When he woke up
he was lying in alley.
William Cheatwood, Terre Haute,
held-up and robbed of $25 and gold
watch at Sunnyside and Clifton avs.
Harry Martina, 1540 W. Polk st,
who recently lost saloon license at
2001 Ogden av., arrested for nonpay
ment of taxi bill.
Fire swept 4-story building at 501
21 Noble st, occupied by A. J. John
son Furniture Co.; $20,000 loss. One
Police investigating death of Alex.
Barnes, negro, who was found with
bullet in body at rooming house, 900
S. State st
Margaret Erickson, 19, 7544 Stony
Island av., fought off man who tried
to attack her at 76th and Stony Is
County Board Finance Committee
today will probably appropriate $15,
000 to Judge Cooper's special grand
jury to probe vote frauds.
James Martin, 75, died of heart
disease in Hogan's flop," 657- Meri
Mrs. Lottie Wind, 2410 W. Adams
st, whose husband, Charles, de
serted her and three children last
winter discovered he had returned to
first wife from whom she thought
him divoroed. He's arrested for big
amy. Seven missionaries attached to
White Cross Mission run by Rev. N.
K. Clarkson, whose wife ran away
with burglar, arrested when they
used violence in trying to convert
five men in saloon, 606 WeUs. st.
WELL, WHY NOT?
The sale of municipal bonds on the
bargain counter of a St Paul depart
ment store is being talked about ev
erywhere and there will doubtless be
some following of this lead, especial
ly when merchants discover what a
fine advertising scheme it is.
The wonder is that this thing
hasn't been extensively engaged in
long ago. Under present ways of
proceeding, the banks buy municipal
bonds drawing 4 or 5 per cent with
the people's money, for which the
bankers pay 3 or 4 per cent It
would look pretty foolish in the peo
ple to take their money to a bank
and get 3 or 4 per cent for it, when
they could take it to a department
store and get 4 or 5 per cent for it
Certainly jt is better for a city to
have its bonds held by a thousand or
five thousand of its own taxpayers
than by bond companies, often for
eign concerns, and the people who
vote issue of the bonds ought to be
unwilling to see them held very long
as unsold, as is often the case.
The trouble at present lies in the
fact that bonds are issued of large
denomination. Why nfct have mu
nicipal bonds of $5, $10 and $20 de
nomination? If such were the pol
icy, we would soon have 1,000 bond
holders where we now have 10. And
why could not such bonds be used as
"the medium of exchange" in times
of financial stress? They surely
would be just as "good money" as
clearing house certificates.
Between the people as taxpayers
and the same people as a municipal
ity there is a wide gap. Why not in
timacy? Why, when it is a rattle of
money for city improvements, de
pend upon outsiders to come forward
and take the certain profit?
Of course, back East barkeeps are
now serving a "Roosevelt" cocktail.
It's made of milk and as much whisky
as Teddy swore he'd taken in all hig
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