The Detroit times. [volume], January 22, 1909, FIRST EDITION, Page Page Four, Image 4

About The Detroit times. [volume] (Detroit, Mich.) 1903-1920

Image provided by: Central Michigan University, Clark Historical Library

                
Page Four
POSTHL SAVINGS
BILL WILL BE
i DEFEATED
mmmmmmmmmmrnm
BANKERS AND ADVOCATES OF
CURRENCY REFORM OPPOSE
SYSTEM—STATESMEN SAY IT IS
STEP TOWARD PATERNALISM.
WASHINGTON, Jan. 21.—Unless
some unexpected power or influence
may come up to the help of the advo
cates of a postal Having* bank system
that measure will be defeated again,
like the parcel* post bill, the bill to
increase the pay of steamships for
transportation of United States malls
and other measures of equal import
ance, says Wm. K. Curtis in a dls
patch to the Chicago Record-Herald.
Congress will appropriate $29,000,-
000 for battle ships and torpedo bouts
without hesitation, but not one ceut
for the encouragement of the com
merce which those battle ships arc
intended to protect. The price of one
battle ship would build a fleet of
merchant vessels that would furnish
sufficient transportation facilities for
our exporters to Central and South
Amerloa, to China and the Philippines,
and contribute to the prosperity of
thousands of manufacturers and mil
lions of farmers whose products are
called for In the other republics of
this continent.
The same successful opposition ap-
MIX FOR RHEUMATISM
The following Is s never failing
remedy for rbeumutism, and If follow
ed up It will effect a complete cure of
the very wont cases: "Mix hulf pint
of good whisker with one ounce of
Torts compound and add one ounce
syrup of Sarsaparilla compound. Take
In tablespoonful doses before each
meal and at bed time." The ingredi
ents can be procured at any drug store
and easily mixed at home.
WHEN FURS
Can be bought at present prices they are more W M
economical than any other All
desirable grades for all classes of people.
120 \\ nah I uglnu tse.
pears to the parcels post system, by
which farmers and other country peo
pie can trade by mall. That comes
chiefly from the country merchant,
who is afraid that customers iu his
neighborhood will do their shopping
In the cities through the rural deliv
ery service.
The opposition to the postal savings
bank bill comes from several sources
First, managers of stute and local
banks, who fear they will lose their
depositors; second, from the suvlug*
banks already established, who fear
their depositors will tiansfer theli ac
counts; third, from peopl ( e who think
1 the government ought not to go Into
the hanking business, and. finally.
1 from the members of the currency
j commission, who believe that the en
-1 aettn* ut of a law establishing postal
savings banks at this time will inter
fere with a general reform of the cur
rency system.
Opposition Explained.
Several senators and members of
the house oppose the bill beeuuse they
think it is another step toward pater
nalism; they argue thut savings banks
which do not Issue currency should
be authorized and regulated by the
\ states Others are opposed to any
| innovations in the present banking
system. They think the federal gov
i eminent has done tot) much already
! in that direction, and do not want to
i do any more.
It is a significant fact in answer to
the objections to the measure that the
two states which have the largest num
ber of savings banks and the largest
amount of deposits—Massachusetts
and New York at the same time have
the largest number of national and
state batiks. In New England every
other Inhabitant has a savings account,
while west of the New York and
Pennsylvania line only about one in
every 150 of the population has a
savings account.
It Is a singular fact also that the
greatest opposition to the postal
savings bill comes from the states
where postal savings banks are most
needed if the deposits In the havings
banks of New Jersey, Pennsylvania,
Ohio, Illinois, Maryland. lowa and
California are added to those of New
England and New York more than 98
per cent of the entire deposits of tho
country will be accounted for, leaving
only IV* per cent for the remaining
82 states Yet the representatives of
those states in congreas are doing
nothing to secure savings banks for
Publicity Does It
Twenty years ago, any man who was long on ambition and
short on industry could take the half shells of three English walnuts,
a couple of little balls of putty, and go Into almost any town in the
United States and deprive its inhabitants of their money. It was
called the Shell Game.
Today, there Is no village in the country where the man with
the shell game Is not greeted with a smile of humorous contempt.
Publicity did It.
Wc have a story In this number of "Everybody’*’’ on Margin Gambling. It won't
■top your gambling on margin, but it will put a severe crimp in you if you read it. You
never will put up your margin again with a mind thoroughly at ease. And it will make you
wonder sometimes, in the future, after your money is gone, just which man has got it. This
will be followed up by other articles to the same end, and we cheerfully predict that twenty
years from now the man who asks you to put up your money on a margin will be greeted
with the same humorous contempt as the man who today asks you to speculate as to which
of the three shells conceals the missing pea. PubMolty will do /#•
This article in the February "Everybody’* 99 is called THE POISON
OF THE STREET." It is not written by an anarchist, nor even by an in
digent person worrying about wealth.
The writer is a man of position. ‘ !£»»<•
He is a man of comfortable means.
He was at one time manager of the Cleveland branch of the defunct
stock-exchange firm of A. O. Brown & Cos. /
He it was, as trustee for the creditors, who steered the great Everett-
Moore Syndicate, of Cleveland, through the sloughs of a seventeen-mlllion
dollar bankruptcy, back to prosperity.
He is president of the Associated Western Yale Clubs, SUCCEEDING
PRESIDENT-ELECT TAFT.
Wiser men than you have listened to him!
If there were only time, we should like to tell you whatCharlee Edward Russell hae done this month
~how he hae taken a eubject a» common ae dirt and given you a reeult that la pure gold; how Ellis
Parker Butler, who wrote that “Pigs It Pigs" story, hat perpetrated another that It a perfect ache of
laughter; or of that atrange, pitiless narrative, “The Journal of a Neglected Wife;” or of Lindsay Den
ison’s "Irish King," which again is a perfect scream for fun; or the etory on “Aristocratic Catsi” or
that one of Ralph Paine's of the deckhand who grew up to dominate politics in Florida —but whether
you read these others or not. read Dickson's article, "THE POISON OF THE STREET.” It Is the kind
of story that made ‘‘Everybody 9 * ’ famous.
ft/£rgbodgs
jJXyagazme
15 cents a copy $1.50 a yaar
Published by THE RIDGWAY COMPANY, Union Square, New York City
Pm Bm~»lnoldent*Hy 0 look et that bunoh of Advertl*lng •
THE DETROIT TIMES: FRIDAY, JANUARY h, 1909.
'tbetr constituents lit those states the
rate of inter* st is highest and in a*nne
of them the farming population ate
just now enjoying n prosperity which
ought to be shown In the savings
bunks' deposits.
Some person made a statement a
few days ago that 'he deposits in the
banka of Kansas today amount to
for every Inhabitant In that state
tnen. women Htid children and that a
\er> small proportion of the amount is
drawing interest for the renmgi that
(the banks have more money than they
know what to do with They cannot
set more than 2 per cent for loans In
the east, while there 1h practically no
! demand for loans in Kansas There
fore It is Impossible for the Kansas
j banka to pay interest to their deposi
tors But If that money were depos
, ited in government postal saving*
banks it would be equally safe and
i would be earning something all the
tune.
In discussing this subject the other
I day Postmaster General Meyer said:
| The postal savings bunks In foreign
| c ountries transfer the savings of a dig
it rlct to the capital or centra! office.
where the money Is invested In the
i public debt, but under the plan pro
posed for the United States the post
office department merely ucts as in
agent to deposit the money In the na
tional banks In the districts where It
Is brought to the poatoffli es Thus the
.money will be kept In the localities
where It belongs, a source of advau
sage to capital and labor in those com
munities
"The national banks receiving tho
deposits are to pay the government h
late of lu'erest not less than 24 per
cent. . The government will pay 2 per
cent to the depositor In the postal
savings bank The experience of Eng
land has shown that one-quarter of l
per cent Is sufficient to pay all inci
dental expenses and still leavO a mar
gin of profit.
"The British postal savings banks
were established In 1861. For the last
live years there has been a deficlem y
due to the reduction in the rate of In
terest on consolß, In which the postal
savings are Invested, to P**r cent,
but for the entire period up to 1908 the
, net gain has been about $5,500,000.
OABTOHIA.
Baara th. 1 * TOM Hi* AlSjfS Boigl
DEATH TAKES MAN
WHO WAS STAGE
DRIVERJN ’sl
ALEXANDER H TELFER WORKED
BETWEEN DETROIT AND PORT
HURON—FIRST TOOK HORSES
OFF SOO BOAT.
VAHBAK Mich, Jan Sl.—Alexnn
; der H. Telfer, known as "the Jolly oM
Scotchman" In tht# part of the state,
is dead at hi# boarding hou#e. He
was born at Wlghtonahlre. Scotland,
Aug. IK, At the age of 22 he
went to London. Ont . where he re
matiied three year# He then moved
to Jackson, Mich From to 185' 1
he drove the stage from Detroit to
Port Huron for Hubbard, Humphrey 4.
i o.
In 18:>5 hi# sweetheart. Mary Nichol
son. came from Scotland to Port
Huron to marry him After residing
in Port Huron they bought a farm in
Kenoka, Mich., where he became a
Baptist, to which church he ha# been
a very devout member.
Telfer was the first man to take
horses off u boat at the Soo canal in
1553. He voted for two Whigs. Free
j mont .and Pierce, losing both votes.
1 He has voted the Republican ticket
' ever since While In the union army,
stationed In Alabama, he voted for
Lincoln with a black bean, black hears
signifying the Republican candidates
and white beans signifying the Demo
cratic candidates.
After retiring from business Mr. Tel
ler devoted most of his time to hunt
ing and fishing He spent four months
each year on the Au Sable river fish
ing trout und landed some of tl.e
finest specimens ever caught In Michi
gan streams. During the winter
month» he hunted and trapped with
his beagle hound Joe" In the vicinity
rof Vassar.
! Many Attend Detroit
String Quartet Concert
« «
The first January concert of the De
troit string quartet took place Wednea
day afternoon at 4 o’clock In Temple
i Beth El. the organisation being assist
l ed by Mrs. Florence Hayes Spitiley,
<he Detroit soprano, and Victor Ben
i hum, pianist.
A large audience was present, that
is, it was large when the people final
ly arrived, which was when the concert
was nearly half over. There should be
1 some arrangement whereby late coni
irn should not be allowed to oiiuv 111
wnlle a itutn lei i# b* lug played, dis
turbing H»e musician# well a# those
who are envious to hear Hie various
selection# without being annoyed by
people looking for seats To fully
enjoy the program of ehatnher music,
it is absolutely essential that there he
pet led quiet, and this was far from
the ease at the Wednesday afternoon
! 1 oncert
The quartet’s opening number wet
a beautiful conception by Beethoven,
| which was given a pleasing rendition
h> Mile Ruegg'T and Messrs. Lichten
stein. Levy and Weltstnann A Raff
number was the other offering of the
quarter. The closing number of the
program was a Schumann quintet for
I pianoforte and string*, with Mr. Hen
ham as the plants!
Mrs Florence Hayes Hpttgley, who
has a whole host of admirers In this
i < i ty . was the soloist. She sang an
prla from Oharpentler's "Louise" and
two S’rauas selections. Mrs. Splttley
l# a most satisfactory singer. Her
voice 1# etc llngly attractive, won
derfully sympathetic, and combined
with this sh* has plenty of musical
temperament Her singing was one of
the most pleading features of the quar
tet series
The program will be repeated Thurs
day evening a* k 15 o'clock. Edmond
J Lichtenstein will be the Instrumental
soloist at thp February concerts
DEATH MESSAGE CAME
INSTEAD OK FIANCE
STURGIS. Mich, Jan. 21— (Spe
cial. i Expecting to meet her Intended '
husband at the depot here, Ml## Grace
Cord ill received a message stating her
lover hud died of heart disease. Sho
took the train to Fort Wayne, hi#
home.
MEALIHY WOMANHOOD
woman may enjoy good
health by giving h*«»1 to Natim'ai
J wui ntng«. nnd aiding the system withj
Beecham s Pills when she calls for h<-
sistaiu-e
Ltoeclmm's Pills a>» tin* I>. st niedi* j
fine In the world for women Take!
them 1 n tr ■■ unit sickness will to i »-r 1
he aceonipanh-d h\ 1 • milhci **, ,1. pres •
•lon, lom of appetite oi ntrvbuineii
You will marvel it the efficacy <>f this
Wonderful medicine. The> make tlie i
blood pure, the nerves strong and tone,
the entire si»t«tn. Special directions
to women with each lm\. in its and
26 its ut all druggists
3 GREAT GROUPS!
i~HR.EE DISTINCT COAT VALUES
That Will Startle All Detroit.
$20.00 EMPIRE COATS, $4.76
t lot of Empire and Directoire Coats, made of good quality Kersey, In
own, Green, Red and Navy, mm mm am
io stripes, plaids and mixtures — M
me Satin trimmed and Satin lined ■ m
$30.00 DIRECTOIRE COATS, $7.26.
These are a distinctly exclusive style made of very good quality Broadcloth,
handsomely trimmed with Soutache Braid on
Cuffs and Collar—they come
in Black and all colors and
$36.00 COATS-OF ALL STYLES - $9.60*
This lot embraces all of the season's best novelties as well as the more
conventional styles—such as the tight-fitting and <£ mm mm
loose and semi-fitted —made of very high grade BJ
Broadcloths and Kerseys and all lined \m
throughout with Skinner's Satin. This is
our most noteworthy effort at "
"EVERYBODY'S STORE" 1 $ 1,00
Friday Bargains
V' LBnk 1
«<• I >HI KM IIKU IHMII TUWKI.IV., I>>
Inrhfn wldt*. Bargain I>« > O i g%
mi the vitrei ...
|. |«T M»'l OK >11:>•*» t >IO> st IT*. tfOu.l ht>a\ >
*cru ami
natural kiay. ll.Otf yuailti. Ml.-.-.j ■ • •
I. tIHKH' Mr NIKI % 111 I n I'll ti tITKN*, Mylluli rut,
r.la< k. hnavy qualltt. ** , v*»?i Hat but- m
ton*. Frld«> Mu ochln, pair *9 & W
Mt.ii r mi»>\ ti tut; ok t \Minin . i iih. V «»r
aquar** narkr, prettily trlmni»d with l*« «*. nrnhroi*
dery and heiiiMt 1 1« bed tut k*; Cltf A JKa
vatu**; for a I'rldav M.traaln . .
2-Hoar cMorninq Sale
From tt I util II OVlnok.
Clearing of Cloth and
Russian Pony Skin Coats
$lO 00 to $25.00 Values, $2.98
All in one great lot; Cloth (‘oat* l , 50 ami 54-ineh, Mack, plaid, gray and bine;
lined and hall" lined; Kmpire and Colonial; semi-fitted and halt fitted
't \ les, $2.98; Russian I'otiy Skin Coats, lining C)
slightly soiled, small sleeve. -’4-ineh a grand. ~y fl
serviceable garment, till at the ridiculously low price,
i riiJay, 2 hours only
4 hours Friday-Entire Clean-up of Odd Lots of
Jt aists AQ r
Up to $2.50 Values. . . J
\hout Ron in thi*> lot of bandsotne Waists, open back and front, long and
short sleeves, handsomely embroidered down front, some slightly mussed.
“Hickey's for Quality "
MEN’S
SUITS
Over 1000 to Select From
S4O and $35 MEN’S SUITS $25.00
S3O and S2B MEN’S SUITS $22.50
$25 MEN’S SUITS $18.75
$32.50 MEN’S SUITS $16.50
S2O MEN’S SUITS $15.00
$lB MEN’S SUITS $13.50
sls MEN’S SUITS $11.75
$12.50 MEN’S SUITS SIO.OO
We guarantee these garments abs<«lutelv. They come in
blue*. Mark*, and a splendid assortment of fancy fabrics. An
unusual opportunity to buy a suit of clothes perfect in style
and workmanship —at an extraordinary saving.
j Contractors will commence operations to build the A
j NEW HU KEY STORE in two weeks. Present stock |
l .mist be sold. j
Get the Habit---Go to
Hickey’s
2or Woodward Ave.
HKM I. Ml ttbr HKI.Tb IOH In plain and
fancy ••lastlc, Mhi k and mlnn, *nmple« of an **a»t
--t in mannfaytur t*r. KrMay, while |
they Inal, choice 1 *99
ni'ooi. NO, i. iiiiiiiox, ai: coI.MM m- e A
*i»h4 of in. f.»i a I'rlday Murnnlri tlia *|«oo! wU
r.. ii m« in ikmoi H u nu\«i'uiK\ r
1.l milliu VMI', Into for . . «9V
nmi» «\i> kmii in morn g A
Hill «IIK« r-aularlv in. Ou
I. HIIITH I UIIIIIM <4 KI lira, full flounce,
iHoimed with « •mhr<<ldt*r % frill and chiatera of tuck*,
an.i )«.*-. a Friday bargain vq a
on our fl J'» valut'N. «f • *9O