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THE RICHMOND PALLADIUM AND SUN-TELEGRAM, MONDAY, DEC. 29, 1913
The Richmond Palladium
Published Every Evening Except Sunday, by
Palladium Printing Co.
Masonic Building. Ninth and North A Streets.
R. G. Leeds, Editor. E. H. Harris, Mgr.
la Richmond. 10 cnta a -week. By Mall, In advance
on year, $6.00; six months, $2.60; one month. 45 cent'
Rural Rentes, In advance oae year, $2.00; six month;
fl.25j one month 25 cents.
Entered at the Post Office at Richmond. Indiana, as :
end Claaa Mail Matter.
The Currency Reform Bill.
The administration currency reform bill, pro
posing a revision of the financial system of the
United States, and the creation of regional re
serve banks to act as strengthening elements in
the banking and financial world, passed the sen
ate on the night of December 18, by a vote of
54 to 34.
The essential features of the currency bill
The secretary of the treasury and two mem
bers of the federal reserve board are to consti
tute the organization committee.
This committee is to designate not less than
eight nor more than twelve reserve districts in
each of which a federal reserve bank is to be
Each reserve bank must establish branches
within its federal reserve district at such places
as are approved by the federal reserve board.
Capital stock of the reserve bank is not trans
ferable and can not be hypothecated. When a
member bank increases its capital stock its sub
scription to the reserve bank must be increased
Among the powers vested in the federal re
serve board are:
To require reserve banks to discount the dis
counted paper of other federal reserve banks at
rates of interest to be fixed each week or of tener :
to suspend for a period not exceeding fifteen
days, any reserve requirement specified in the
act; to authorize members to use reserves, fed
eral reserve notes based on United States bond?
to the extent that the board may find necessary ;
to grant national banks applying therefor the
right to act as trustee, executor, administrator
or registrar of stocks and bonds.
A federal advisory council is created to con
sist of as many members as there are reserve
districts. This council is to meet in Washington
at least four times a year and may hold sessions
Federal reserve banks are empowered to re
ceive from member banks and from the United
States deposits, currency notes of various kinds,
checks and drafts, etc. They shall have the
power to discount notes, drafts and bills of ex
change arising out of actual commercial trans
actions, but such paper does not include notes
drafts or bills of exchange covering merely in
vestments issued or drawn for the purpose of
carrying or trading in stocks, bonds or other in
vestment securities, except bonds and notes of
Provision also is made "that notes, drafts
and bills drawn or issued for agricultural pur
poses or based on live stock and having a ma
turity not exceeding six months may be dis
counted in an amount to be limited to a percent
age of the capital of the federal reserve bank, to
be ascertained and fixed by the federal reserve
Any federal reserve bank may discount ac
ceptances based on the importation of exporta
tion or domestic shipments of goods, and which
have a maturity at time of discount of not more
than three months and indorsed by at least one
member bank. The amount of acceptance so dis
counted shall at no time exceed one-half the
paid-up capital and surplus of the bank for which
the rediscounts are made.
The aggregate of such notes and bills bearing
the signature or indorsement of any one person,
company, etc., rediscounted for any one bank,
shall at no time exceed ten per cent of the unim
paired capital and surplus of the bank; but this
restriction does not apply to the discount of bills
of exchange against actually existing values.
Reserve banks are authorized to engage in
and make loans thereon ; to buy and sell at home
and abroad, either for domestic or foreign banks,
corporations, etc.; handle transfers and bankers'
acceptances and bills of exchange of the kind
and maturities made eligible by the act for re
discount with or without the indorsement of a
member bank; to deal in gold coin and bullion
an dmake loans thereon ; to buy and sell at home
or abroad bonds and notes of the United States,
bills, notes, revenue bonds and warrants issued
in anticipation of the collection of taxes by any
state, county, district, political subdivision, etc.,
in the continental United States; to establish
rates of discount subject to review by the federal
board; to open and maintain banking accounts
in foreign countries and generally to deal in bills
Every federal reserve bank shall maintain
reserves in gold of lawful money of not less than
thirty-five per cent against its deposits and its
iederal reserve notes in actual circulation, but
the amount of gold in the federal reserve bank,
together with the amount deposited by it with
the treasury, shall be at least equal to forty per
cent of the federal reserve notes issued to the
bank and in actual circulation and not offset by
gold or lawful money deposited with the federal
A bank not in a reserve or central reserve
city must maintain a reserve of twelve Der cent
of demand liable and
deposits. A bank in
tain reserves equal to
gregate of its demand
of its time deposits,
cities must maintain
cent of their demand
of time deposits.
five per cent of its time
a reserve city must main
fifteen per cent of the ag
liabilities and five per cent
Banks in central reserve
a reserve of eighteen per
liabilities and five per cent
THE CANAL TOLL QUESTION
Heart to Heart
By CHARLES N. LURZC
Representative Adamson has Introduced in the house
of representatives a resolution which he declares will
prepare the way for an honorable adjudication of the
Panama canal tolls dispute. This, however, is not the
impression all get on reading the provisions of the reso
lution. During the latter part of Mr. Taft's administra
tion congress included in the general legislation apply
ing to the canal zone a provision exempting American
coastwise shipping from the payment of tolls. Much
indignation was expressed throughout the country at
the time. This was for two reasons: One was that the
exemption was in contravention of the Hay-Paunceforte
treaty between the United States and Great Britain, and
the other was that it was the old graft of a ship subsidy
in a new form. Despite this indignation, and the diplo
matic protests lodged by Great Britain, congress ap
proved the exemption, and Mr. Taft signed the measure.
Mr. Adamson's motives in introducing the new reso
lution are probably commendable, as he has already gone
on record against the efforts of American shipping in
terests to procure preferential rates. He would have
the toll exemption provision of the Panama law sus
pended for two years, believing that during this period
it could be demonstrated whether or not tolls could safely
be remitted to coastwise shipping. This would depend,
of course, on whether the foreign traffic produced suf
ficient revenue to meet all expenses connected with the
canal. He believes that during the two years the Ameri
can state department probably could come to some amic
able agreement wiht those foreign nations that have ob
jected to the exemption. He says:
"If it is demonstrated that the (foreign) tolls are suf
ficient to spare the tolls to the coastwise trade, the state
department will be allowed time to adjust questions
growing out of the treaty stipulations, and if the advo
cates of exemption are found to have been correct in
their contention as a sufficientcy of revenue and the
diplomatic questions are settled in their favor, an execu
tive order will then put the exemption into force."
Mr. Adamson, we believe, loses sight of the actual
point at issue. He assumes that "all" opposition to the
exemption as far as this country Is concerned has
been because of the fear that revenue would be deficient.
This formed a part, a very considerable part, but not
all. First among the reasons advanced against this ex
emption is that it is in defiance of the Anglo-American
treaty, which provides that the canal shall be operated
on terms of "absolute equality" to all nations "observing
these rules." Mr. Adamson is aware surely of the wide
spread objection the American public has to a ship sub
sidy and exemption is subsidy in veiled form. In our
opinion, his resolution only clouds the issue. Even were
the tolls imposed on foreign ships found to be sufficint to
pay the interest on the vast sum involved, bear the ex
pense of upkeep and provide for a sinking fund, the
dtain on the country's honor caused by disregard for
a treaty would remain. The Panama canal toll exemp
tion is wrong. It can never be made right by parleying
and "proving things" with figures. Indianapolis News.
Gonies an' gullies an all o' the birds of the sea,
They ain't no birds, not really," said Billy the Dane.
"Not mollies, nor gullies, nor gonies at all," said he,
But simply the sperrits of mariners livin' again.
' Then birds goin fishin is nothin' but souls o' the
Souls o' the drowned an the kicked as are never no
An' that there haughty old albatross cruisin' around,
Belike he's Admiral Nelson or Admiral Noah.
"An" merry's the life they are living. They settle and
They fishes, they never stand watches, they waggle
When a ship comes by, they fly to look at the ship
To see how the nowaday mariners manage things.
' When reezin' aloft in a snorted, I tell you I wish
(tho maybe it ain't like a Christian) I wish I could be
A haughty old copperlbound albatross dipping for fish
And coming the proud over all o' the birds of the sea."
"ONE DAY AT A TIME.
Four hundred rears ago lived Ste
phen Hawes, an English poet known
only to students of literature. He left
little for future generations to read,
bat be penned two lines which, in the
opinion of competent critics, are
enough to save his name from oblivion.
For, though the day b nertr so Ions.
At last the bell ringeth to evensong.
Of eoursf the thought itelf was not
original with Hawes. It must have
come to him from antiquity, for ever
time the world began men have been
preaching and listening to the philoso
One day at a time.
Strictly true It is not since a day is
only one link In a lengthening chain
We cannot take the chain apart, no
matter how hard we may try nor how
certain that we may be that the world
knew us not before our earthly birth
and will know us not after the breath
of life has left our bodies. The re
motest day In the annate of time Is
Joined with its successor and with all
its successors to make today, and to
day already stretches out its hand to
tomorrow and to all the coming tomor
rows. But "one day at a time" has Its truth
It tells us to let the cares of the day
fade Into the dissolving hues of the
sunset. If they are business cares
lock them up wheu you snap shut your
desk. If the field you plow is stony
do not pick the stones from the fur
row to exhibit them as parlor orna
ments. Throw them aside as you go
through the furrows.
When evensong rings out its call to
rest and peace let not its melody and
harmony be disturbed by thoughts of
the sorrows and cares, the worries and
troubles of the day.
It is very easy to offer such ad
vice and difficult to put it into practice.
Into every life come the insistent
cares, the troubles that will not be
waved aside, that will not melt away
with the coming of the evening.
If they are real cares and not fig
ments of the imagination they must
be fought bravely. No amount of op
timistic philosophy, no cheerful advice
of "Forget It!" will make them less
But, after all, In one sense It is true
that we live only one day at a time.
If we live that one day rightly as It
comes to us, tomorrow will be a better
For the second week of their re
turn engagement at The Murray, the
Francis Sayles Players will offer for
the first time in Richmond at popular
prices. Miss Blanch Walsh's sensa
tional success, "The Woman in the
The play is from the pen of the late
Clyde Fitch, which alone is an assur
ance that it will be wif of the very
best of the entire theatrical season,
and Mr. Sayles promises us a produc
tion that will equal any he has ever
given in this city.
Mr. Sayles will be seen at his bst
in the leading part while both Mi's
Worth and Miss LeRoy a ill be seen
to advantage, in fact the entire Com
pany will be seen in good parts, ami
the ladies of the Company will have a
chance to wear some handsome gowns.
On New Years afternoon there will
be a special matinee when all seats
will be reserved and the regular night 1
prices charged. The box office will '
be open every morning this week from
ten a. m. and seats can be secured for
any performance during the week.
Starting next Monday night an old
fashioned country store will be given
each Monday night when many hand
some and useful presents will be giv
I will not be responsible for any
bills that H. M. Little will contract.
O. H. Little.
MRS. DEEM, 84, DIES
AT DAUGHTER'S HOME
EATON', O., Dec. 29. The result of
the effects of liver trouble and other
complications, Sarah Deem, 84, widow
of William T. Deem, died Sunday even
ing at the home of a daughter. Mrs.
George F. Hickman, South Barron
street. Mrs. Deem was born in Preble
county and her entire life had been
passed within its confines.
Funeral services will be held Tues
day afternoon in St. Paul Methodist
Episcopal church over the remains of
James Kelly, 87, who died suddenly
Saturday evening at his home, corner
Cherry and Mechanic streets, the re
sult of a heart attack. The deceased
was in the army during the Civil war.
To Cure a Cold in One Day.
Take LAXATIVE BROMO QUININE
Tablets. Druggists refund money if it
fails to cure. E. W. GROVE'S sign
ture is on each box. 25c.
I MASONIC CALENDAR !
Monday, December 29. Richmond
Commandery, No. 8, K. T. Special
conclave. Work in Knight Templar
Tuesday, December 30. Richmond
Lodge, No. 196, F. and A. M. Called
meeting. Past Masters' night. Work
in Master Mason degree and banquet.
Instant Relief With a Small
Trial Bottle of Old "St.
What's Rheumatism? Pain only.
Stop drugging! Not one case in fif
ty requires internal treatment. Rub
soothing, penetrating "St. Jacobs OH"
directly upon the "tender spot" and
relief comes instantly. "St. Jacobs
Oil" is a harmless rheumatism cure
which cannot burn the skin.
Limber up! Quit complaining!
Get a small trial bottle from your
druggist, and in just a moment you'll
be free from rheumatic pain, soreness,
stiffness and swelling. Don't suffer!
Relief and a cure awaits you. "St.
Jacobs Oil" has cured millions of
. rheumatism sufferers in the last half
, century, and is just as good for sci
j atlca, neuralgia, lumbago, backache
FACTS AND FANCIES
The Krupp gun works in German is making a quick
firing gun designed especially to provide sub-marines
with the means of destroying aeroplanes and dirigibles.
"Are you nearsighted, sir?" asked the waiter as
the diner was leaving.
"No, 'replied the man.
"Well, you've left a dime on the table, sir."
"That's for you."
"Wtll, if you think I'd take a tip like that, you must
be nearsighted, sir." Yonkers Statesman.
Thousands of cattle are being exported to the United
States from Canada, mostly a grade called "stockers."
They are young and thin, the majority being valued at
$14 to $20 each. Farmers in New York, Pennsylvania,
Ohio and Indiana buy and feed them until they are fit
"What caused the coolness between you and the
voung doctor? I thought you were engaged.
"His writing is rather illegible. He sent me a note
for one thousand kisses."
"I thought it was a prescription and took it to be
filled." Indiana Normal Advance.
In sincere gratitude we respectfully express our appre
ciation for the courtesies extended in Nineteen Hundred
Thirteen, by our patrons. We hope Nineteen Hundred
Fourteen will permit us to even greater fulfill your ex
pectations of this Company.
Richmond Coal Co.
Yards West 2nd and Penn. Ry. Phone 3165.
! STREET STORIES
At about 2 o'clock or earlier, in the
morning the people who hare business
at the depot are, as a rule, a sleepy
lot. Conductors, train callers, engi
neers I acgage men. porters, cab driv
ers, and who are on duty there, are not
over energetic and eome of them are
often seen taking advantage of the
time between trains to get a little
sleep. The travelers, who generally do
not sleep for fear of missing their
train, are seen lounging, "cabbies" curl
up on the vahs until the next train '
due. pomrs are seen shurTlins around,
livkir.g as if they had not seen a bed
for a week, expressmen lie sleep. nj; on
trucks a: i. ir. fac. everyone presents
a sleepy appearance exeep: pelieemen.
Hut wtun the whistle of the ap
proaching train is heard, still ouls'tie
the city limits, the sit no is quickly
i handed to action Kxpressmon ar
range their trucks alongside the traek
o: tho expee'ed tram, conductors run
lure and there, cabbies arouse thorn
s' Ives from their nap in anticipation
of a "'fare." porters tot on the job. po
licemen place themselves in iKsttion
to w atch tor all disorderly conduct and
everyone is busy.
At this season of the year when so
many people are coming and leaving
the city and so many packages are be
ing exchanged the attaches of the de
pots do not have much time for relax
aUon from their Jobs but are busily
engaged In their respective dutiee. but
after the holiday rush Is again over
they take the chance offered them to
rest between the trains.
CASTOR I A
For Infants and Children.
Ttss Rind Ycu Hais Always Bought
j BLEM) COFFEE
j For Salt at
YOU HAD A
AS LONO A3 THIS
FELLOW AND HAD
I WAY I
I DOWN I
A quick. Mfe, toothing. tiMltng. Mittpte raltal
for Sure TTiro.1 briefly dMcribM TO .(. A
mall bottl of TonnUna longer thin most any
,-.. of Sot Thru. TOWSH.MS reltovM 6 or.
Mouth and HoarenMS and pr.nta Qulnay.
25c He tlMpHil Sin II H. All DratfWs.
TNB TOWIL OOMflllt, . - CwM. OMm.
THE BEST WAY
The New Year
Sit down and sum up your bills,
putting those of the butcher,
grocer, rent man. Insurance
HKent, etc., all lu one amount,
then come and see us and fcive
an opportunity to explain our
plan for relieving jour "fi
Loans on furniture, pianos,
teams, etc.. in amounts from
$3.00 to $100.
At 2 per cent per Month
$!5.00 costs you $4.10 for three
months. That's all.
We have other plans If this
does not suit you.
WRITE OR PHONE US.
Richmond Loan Co.
Colonial Bldg., Room S
NEW YORK DENTAL PARLORS, 904y2 Main Street
tdvrr Nolte'a Carnet tarc
ZSa. rlEV cnFrut
iWi?! TTntil Fohrnnmr laf. tinll mslo
?; JT, .V V ft J -w-, ..... .........
ViST :? K fl Bridge Work at $3.00 per tooth.
jh a No more. Fully guaranteed.
.hi Gold Crowns $3.00
m . . ....
''7?9Sl A I Bridae Work 13.00
U W Full Sets $5.00
yflp'DTLLiH tu'jmipfTx Gold Fining ijjo up
Silver Finings ouc up
fV1 - -nfr-rmtrf ivTA ?Jinr
On Thursday mornings skates will be furnished free
to beginners. Mr. Fry and Mr. Shute will instruct
Skating Tuesday, Thursday and Saturday, Morning
Afternoon and Evening.
Consumption causes one-seventh of all the deaths in
"I had to let that new maid go. I discovered that she
was neglecting the children when I was attending my
"Yes. Positively, she couldn't think less of them
they were her own. Detroit Free Press.
Lions auu tigers are too weaK in lung power to run
more tnan naif a mile.
others, Butter - Krust
Mrs. Neighbor They tell me your son is in the col- j
lege football eleven. ;
Mrs. Malaprop Yes, indeed. j
Mrs. Neighbor Do you know what position he plays?1
Mrs. Malaprop Ain't sure, but I think he's one of
the drawbacks. London Tid-Bits. j
Yale University" in the last fiscal year received 51.41S,
935 in bequests and cash donations. ' '
Have no superior, and if an
equal, we have them yet to
find ; and the best part of it
is, they don t cost any more
than any other kind of bread.
Next time ask your Grocer for one
of these good kinds.
Richmond Baking Go;
in Western Wayne County, County just northwest of
Cambridge City, Indiana. Part of Moses Myers' Estate.
ON JANUARY 6, 1914
One Farm of 100 Acres One Farm of 78 Acres
ON JANUARY 7, 1914
One Farm of 40 Acres One Farm of 21 Acres
All these Farms are in
Jackson Township and
JOHN C. DODSOM
HISTORY OF THE CIVIL WAR
BRADY WAR PICTURES
Clip this coupon and two others (which will be found en
thi3 page each day for the next thirty days) and bring to
this office accompanied with 98 cents.
This book is the mo3t valuable history ever published- It
contains over 1,500 actual reproduced photographs of the
This collection of Brady's pictures was purchased from
the United States government.
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