The Vermont watchman. [volume], March 31, 1910, Image 5

About The Vermont watchman. [volume] (Montpelier, Vt.) 1883-1911

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I
VERMONT ATCUMAN & STATK J'OURtfAL, TIIURSDAY, MARCH 3I. tyto
J. E. DAY1DS0N RESIGNS
WILL LEAYE THE CONSOLIDwVTED
LIGHTING CO. MAY FIKST.
.1. K. Dinlilson, l'rcsldcut of tlic Cou
solidatcd Llglitlug Coinpnuy "Wlll
Loiito For rorllaud, Orp., lu About
11 Month to Tako Itcspoiislblo Post
Hon With Aiiierlcnn Power imd
Llghtlii(r Companj Oue of tlic Ulg
gcst Conccrns of Its Klnd in tlic
Uiiited States Couucdcd With
Jlaiiy Local Orgnnlzntlous.
.lamcs E. Davldson, for tho last flvo
years presldent and general manager
ot the Consolldated Lightlng Company
and ono of tho most progresslvo nnd
publlc-splrlted nien that ever entered
tho busincss lifo o Montpelier, wlll
leave tlils city about the ilrst of May
for Portland, Orc, whcre 110 wlll bo lo
cated as chlef Northwestorn represen
tativo ot thc New York office of thc
American Powcr and Lightlng Com
pany, a sub-company of tho Electrlc
fiond and Sharo Company, probably
tho blggest concern ln its line in thc
United States. For six or elght months
Mr. Davidson's headquarters wlll bc
in Portland, but hls territory includes
soine of the largest cities ln the North
west. Ilis famlly wlll remaln in Mont
pelier for about six months after hls
tleparturc.
Mr. Davldson was born in Fllnt,
Mlch., 30 years ago and canie to thls
city in May flve years ago. Hls reslg
nation, which has already been tendcr
ed, wlll take cffect 011 tho flrst day of
thls coining May. It was largely due
to hls efforts that tho Vermont Power
and Lightlng Company was merged
with the Consolldated in 1907, a deal
that has proven verj -Deneflclal to the
patrons of the latter. He has entered
largely into thc business, soclal and
religious llfe of thc communlty slnce
coming herc and hls departure wlll be
regretted by a host of friends. A short
whilo ago Mr. Davldson dellvered an
address beforc the Board of Trade and
ln presentlng him, Hon. Joseph DeBoer
rcferred to him as a man who was an
cxpert in hls llne, whose abillty as an
electrlcal ehgineer was rccognized not
only in Vermont, but throughout the
country. Thc truth of thls statement
was emphasized recently when Mr.
Davidson was elected presldent of tho
A'ew England section of the Natlonal
Electrlcal Associatlon, belng also a
member of the executive commlttcc of
that organizatlon. He is also presl
dent of the Vermont Electrlcal Asso
ciation, having been elected to that of
lice last September. He 1s an interest
ed and active member of many dlf-
ferent electrlcal organizatlon ln addl
tion to those already mentloned,
among them being tho Wlreless Insti
tute and the Illuminating Engineers'
Soclety.
Ever sincc coming to Montpelier he
lias been identlfled with cvery move
ittent looking toward the betterment of
the city. He has been one of the most
activo members of tho Board of Tradc
and has been untirlng ln hls efforts
to securo jiew industrles for Montpe
lier, being chairman of the committee
011 the Board having charge of that
work, and whilo the reauits have not
been altogether gratifying to him, yet
it ls due to him that more than ono
company is now looking toward Mont
pelier as a place in which to locate.
Tho members of the local Young Men's
Chrlstlaa Associatlon are cognizant of
the fact that he has displaycd com
mcndablo energy as presldent of the
organizatlon, leaving 110 stone unturn
ed, if turning lt would help out the
"soclety ln any way. He ls also a ves
tryman of Chrlst churcn and a prom
inent member of the Apollo and Coun
try clubs. Thcro ls not a Montpelier
organizatlon with which he has been
connected but that wlll regret hls go
lng away.
TIIE SUGAK CROP.
Thls YeaK.s Injile Sugnr of JJettor
Qiiallty, Jlut Quinttity Is ot Out
of tlic Ordlnnry.
H. . Chapin of Middlesex Cen
ter, one of tho large sugar makers of
1 lis section, stated on Sunday that
tho sugar season was summarlzed as
follows: Quality, flne; quantity, mod
erate; prlce, good.
Ho sald that tlic flavor thls year
has been far ahead of last, when con
slderablo complalnt was heard. Tho
quantity so far has been rother Hghc,
averaging a pound to a treo over tho
State, while tho avorago ylold for - a
good year Is set at threo pounds. Mr.
Chapin sald that ho does not regard
tlie season as being raoro 'than half
completed and if wo have cold nlghts
Tor a fortnlght thoro wlll bo a good
deal more sugar made. Those mal:
i'rs who tapped at tho beginnlng of
tho warm weather and havo attend-
cj tj it slnce tthat time havo mado
good crops, but most farmera were
tor late t5 gather tho nrst run, wh'ch
was, of course, tho best of the sea
son. The prlce has been good for
tho jiold.
C. L. McMahon of' Stowe, 0110 of
tho largest sngar 'i)roduct doalors ln
the State, sald that the donmnd for
cnr'y sugar, inostly for indlvldual
ord' rs, was good. Ho has shlpped
a'bmit threo tons so far, to nll tho
atr- in tho Unlon. :,Tho run In tnat
scftlon of thq Stato has averagod
ono and ono-half pounds to a troe
of pxppllont quality. If the wpfltltur
ho'ds cold tho run in Lamoil!
co.-intv wlll como well up to the av
rrnt;.' Tho prlce has held good, thn
T ' fir boinff pril"tlr;i11y ,M fl,
' 'i 'ir, w'l'f'l alv.i.M
1 I ' vv 11 Nir.' or 1 10 . i 1
has (been ilio prlco pald by Mr. Mc
Mfthon. So far, nono ot tho so-callcd
"tobacco sugar" has toeen made. Thls
ls uscd to swectcn chewlng tobacco
and fotf llko commorclnl uscs.
CASE AGAINST. CLAKK
Jiiry In County Conrt Rcturncd Ycr-
dlct of $70 lu Dcfcndnnt's Fntor.
Tho'jury ln thc Clark caso camo in
ycsterday morning and roported a
verdlct of $7G against Mr. Clark. They
wero thcn releascd. Thls caso was
a short ono and had to do with tho
allegcd conversion of certaln liay,
logs and wood at tho time of tho sale
of certaln property ln Berlin. J. F.
Winslow was tho plalntiff and Al
Clark, defondant.
Tho Winslow caso was ono of tho
shortest Jury trlal on record ln tho lo
cal court. Tho Jury was about 20 mln
utes in reachlng a vordict, which was
scalcd and read in court ycsterday
miornlng.
Tho caso of A. Gcnero agalnst
the Gcorgo Stralton Quarry Company
was the next ono on trlal, but owing
to the fact that Attorney-Gencral J. G.
Sargent, one of tho attorneys for tho
defence, was in Burlington attending
tho Benware case, it was contlnued.
The case of the Unlon Granltc Com
pany against Henry Lawson was taken
up instead of the other. This caso
has to do with certaln picces of a
monument, which uro sald to havo
been cut for one Charles Clements, as
dealer. Part of tho shlpment was
mado and a telegram came urglng
prompt shlpment of the other parts
of tho stone. When the stono was
loaded and bllled, lt was attachedpby
Deputy Liiwson for certaln sums, sald
to be owing by Clements. The niater
ial was replevined and thls sult ls
brought to recover the valuc of the
stone, which was set at about $500. lt
is clalmed that the stone bolonged to
the Unlon Company and not to Clem
ents. Tho Unlon Granlto Company is
a Waterbury concern. Thc attorneys
are Redmond and Jackson for the.
plalntiff and Theriault, Lord and
Gleason for the defendant. Thc jury
drawn is as follows:
D. B. Adams of Northfield, F. C. Ban
croft of Barre Town, W. H. Cady of
Roxbury, Gcorge W. Chandler of Ber
lin, C. A. Cooley of Middlesex, Warren
B. Goodell of Woodbury, John A. Par
ker of Waterbury, U. L. Pervier of
Northfield, George P. Smith of Berlin,
L. K. Smith of Waitsfield, Clinton W.
Taylbr of Worcester, E. V. Willey of
Barre Town.
The case of John Holloran against
the American Quarry Company has
been entered. Edward Ewing, who
appealed his intoxication case to coun
ty court, has flled the papers.
AMAZOMS IX SKIIOIISH.
Josoplilne niiil JOiiisa Coini .Setlled
Tliolr Troiiblos ln Court and (Jot
.Soiiip Good Advice.
City Court had an interestlng ses
sion ycsterday that Is for the spec
ta:ors, the particlpants ln the pro
ceedings varying from intense inter
est to ennul. lt,was alleged that
Josephlne and Loutsa Coml had in
dulged in an encounter in the hall
way of their honio on Barre strect a
fow diiys ago. Ii was alleged that,
as the culmlnatlon of a feud of long
standlng, they had used strong lan
guage and various other womanly
weapons of. offense and defense. It
took two liours, several wltnesses
and an intorpreter to g; the right of
the matter. Judge Harvey sifted tho
evidenco and declded that "both par-
PITIPUL CASE OF
SKii DfflSI
When Two Months Old, Baby had
Pimples Spread All Over Body ,
Broke and Left Skin Like a Scald
An Awful Sight Doctor Afmid
to Put His Hands on the Child,
CURED AT SLIGHT C0ST .
BY CUTICURA REMEDIES
" Ow hnby whon two monthi old was
suffc-ripg with (erriblo cczoina from hpnd
to loot, tH ovcr
her body. Tho
baby looked just
llko a skinnod
rabblt. Wo woro
unnblo to put
clothes on nor.
At flrst it fppmed
to bo a fow mat
torod pimplus.
Thoy would
break tho skin
nnd pccl off leav
ing tlio under
neath skin rcd n3
though it wero soalds, Then a fow
moro pimples would nppcor nnd sprend
nll over tho body leavinR tho baby nll
raw without slcitt from liond to foot.
On top of her hoad thpro nppenrecl n
heavy ncali a qoartor of im inch thlck. It
was awful to seie so nrnall n baby loolt ns
Bhodid. Imajdnol Tliodoptorwnsnfraid
to put hls linnds to tho child. Wo tried
sovoral doctora' roinedioa but nll failed.
"Then wo docidod to try Cuticura.
By usjnR tho Cuticura Olntment wo
Boftonpil tho Bcab and It camo oir. Unjier
thls. whero tho real mattor was, by
washlng with tho Cuticura Sonp nnd
npnlyins tho Cutioura Ointmont, a now
hUm soon nppoarotl. Wo nlso gavo bnby
four dropi of tho Cuticura ltosolvont
threo timoi dnily. After throo days you
oould boo tho bcxly Ralning a llttlo Fkin
which would ppol olf and hcal under
noath. Now tho baby is four months
old. Sho H a flno Ticturo of n fat little
imiiy nnd all U wolf. Wo only used ono
oako of Cutirura Sonp, two boxi of
Cuticura Ointmont nnd ono bottlo of
Cuticura Itesolvont. If pcoplo wnuld
lcnow what Cuticura is therp would Im
fow "UuVrini,' with crywmn, Mrt. J spph
Kos-mnrn, 7 Sf. Jlin'fi PHcp, lii l; '
woud lltnniit-i, L. I., Iv. y., Aj.i. . i"l
juay i, i'.iii ).
rvi'
tles wero not gullly, 'but In tho
courso of tho dcclslon ho gavo somo
good sound advlco. Both partles had
awom out warrants for tho other on
tho chargo assault and tho cases
wero trJed 4ogcihei C IL Scnter
and W. N. Theriault appcared for
tho women.
Ilobcrt Snow, who has been thcro
bofore, was arrested early ycsterday
mornlng and arralgned on a chargo
of a second fall from grace. He was
assossed $15 and costs, and not be
ing ln touch with John D he wlll
board with Shcilff Tracy for-GG days.
OLD RESIDENT DEAl).
Mrs. Mnrgnrct Alden Dlcd Snturdsiy
foriilng After Long Illucss.
Mrs. Margaret (Gravcs) Aldcn dlcd
nt tho homo of Rufus Chamberlaln on
the Worcester Branch road Saturday
morning, after a long lllnegs. Mrs.
Alden was about 70 years of age and
had passed almost her entirc llfe ln
Middlesex. She was a daughtcr o R.
S. and Amella Graves and was born ln
Middlesex. Her husband, S. O. Alden,
survlces her, togother with a brother
and slstcr, C. C. Graves, of Waterbury
and Mrs. J. O. Freeman of Waterbury
Center and four childrcn, Ralph o
this city, Alva of Middlesex, Mrs.
Henry Montaguo of Waterbury and
Mrs. Itufus Chamberlaln, with whom
she lived. The funeral will bo held
today, with burial in Middlesex.
PLAINTIFF 1VIXS CASE.
County Court Jury Found Ycrdlct of
$120.77 for R0IH0 Cardlmi Saturdiiy
Morning.
Tho jury in tho Cardina-LIbcrsant
caso returned a veiidlct for tho plaln
tiff Saturday morning. They found
that sho should rceover $420.77 and
costs. Thls money was carned by her
whilo worklng as housekecper for thc
defendant. The jury took the case
early In the morning and arrlved at a
dcclslon in a very short time. The
attorney for RolIIe Cardina was M. M.
Gordon and for George Lobersant R.
M. Harvey.
No other cases were ready for trlal
Saturday, so court took a recess until
this aftornoon, at which time the case
of Julla Campbell, apt., against A. C.
Belloville wlll be taken up. Thls Is a
sult over. a note. B. E. Bailey appears
for the plalntiff and F. L.' Laird for tho
defendant.
C. 15. KELLY TRAXSFERltED
Local jranagor of thc Wostern Unlon
Has Ueeit Transforrod (0 tlic Unr
Ilngton Office.
C. B. Kelloy, for the past 11 months
manager of the local office of the West
orn Unlon Telegraph Company, rt
ceived word Saturday that he had been
made manager of tho company's oltice
In Burlington, which is the largost
telegraph offlco in tho State. Soran
thing less than elght years ago Mr.
ICclly was connected, with tho Burling
ton office as a lncssenger boy. He has
been in tho employ of tho Western
Unlon, all of tho time slnce leaving
the Qucen City and the man whom he
succceds, Mr. Martin, who recently
died, was the ono who started him in
the telegraph busincss. Ho was at
one timo connected with the maln ol
ilce in Boston, later golng to Fall Rlv
er, Mass, as asslstant manager, after
wards becoming manager of thc Barre
office, from which placo he was trans
ferred to Montpelier. For a short timo
he represented the company at Hano
ver, N. II.
Mr. Kelly was born in Richmond
and although sent to the most impor
tant offico that tho Western Uulon af
fords in this State, he Is stlll a youn;:
man, being well under 30. Ho was
married ln Burlington three years ago.
Ho has greatly increasefl the business
sinco nssuming control o tho local
office and has mado a largo number o!
friends here, all of wnoin wlll bo glad
of his promotion, but wlll regret his
departuro (rom this city.
1)11) AOT 3IAKE A WILL
j l'rcslilent Sortwcll's Estatp Mnv
He Worth Alidut $1,000,000.
That tho Into Alvln 'F. Sortwell,
presldent of the Montpelier & Wells
River railroad and vlce presldent of
the Barro railroad, was soveral tlmes
a milllonalro and probably tho
wealthlost man in Cambridge, Mass.,
was ' not generally known hore
a'bouts, altliough it was supjiosed
that he was wealthy. Mr. Sortwell
le-ft no will, and on Saturday Attor-
I nev Tlnnnroft ft TVnvla flln.l ln tl,.,
probate court at East Cambridge
Mass., a1 petition t'liat ho be granted
loMors of adminlstration of tho es
tate. No 8chedule of tho property
was nied, but promlnont Cambridgo
busineta mon cstimato tho value of
the Sortwell oslato at botwecn $3,
poo.OOO and $1,000,000.
Mr. Sortwell and mombors of his
famlly woro tho chiof ownor3 of both
tho railroads mentloned nbovo, and
in addition to thes ho was largely
Interestd ln business and Jlnancial
clrcles In Camlbrldgo aud Boston.
tio iimi lnnerltpa much property.
from his fathor, Daniol lt Sorfwell,
and has -aecinmulatod muoh througli
vlgorous appllcation jo bualness.
Shoreham Hpsldcnt Doinl.
j Turlinpion. Mni-pli 20 - T.v hno
T('hnc
l .nkr.od nL-cd 77, a nal'vf nl s'i u . -
Iham, dled todav nt tho hoinp of IiIb
Hliuu'ilPr in th! cllv. V fv ('
i ' '' I w.i .rl n i i ' !;-!' i i :' i, i r , ,
I 1
FATIHCK 1IANKON INJUItEl).
Ilarro 3fii!i, lYcll Ktiown llcrc, Hntl
Hund llurt as ItOstilt ot n Trlck.
Bccauso of hls unwillingncss to take
a dare, Patrlck Hannon, a well known
young man of Barre, Is surTerlng from
a wouud ln hls right hand, caused by
a frlond shovlng hls arm agafnst a
sharp tack which penetrated into hls
palm as for as tho head and whlcli
may result In blood polsonlng. Ono
of tho frlcnds who had congrc-
gatcd ln a Storc ln Barre tho other
ovonlng had a now trlck ln tho shapo
of a rubbcr tack, which he placcd in
tho palm of hls lcft hand and rnlslng
hls right ovcr it offered to bet any
ono that ho would push on tho left
hand nnd tho tack. A man took him
up and hlttlng doWn on the tack,
which of coursb was-rtlbuer, he suf
fered no 111 effects. Tho othcrs squee
zed his hands on to it nnd trlcd ln
every way concelvable to hurt him
with tho tack but wlthout avall. Then
In openlng hls hand thc legerdemaln
artlst sllppcd a steel tack ln the palm
of his hand and mado''tho rubber one
dlsappear.
Mr. Hannon, who was one of the Intcr
ested onlookers sald, whether foollng
or othcrwlse, that he could do tho
samo and taklng the steel tack held
it point upward lu hls lcft hand aud
slqwly lowored the right down to it
until within a few inchos, when ho
stopped for a second. Then one of
the crowd, who was probably in on
the gamo aud thought that it was -i
rubber tack stlll, gavo Hannon a slap,
drlvlng hls hand Into the sharp steol,
plorclng the palm severely. The
tack wpnt ln as far as the head bul
tho wound dld not bleed until tho tack
was pulled out. Hannon ls being
looked after by a physician but hls
hand has swollen 'to doublo its uor
mal size.
KEY. A. J. 1I0UG1I RESIGXS.
ChaplHln of tlic llousc of lU'prpsen
tatlvcs Glvcs Up l'asloratc of Trln
y Cliurcli.
The reslgnation of Rev. Alfred
James Hough, pastor of Trinlty M. E.
church, has been received by Rev. W.
S. Smlthers, prcslding elder of thls
dlstrict of the Methodlst conferencc,
and wlll bo acted upon at tho next
quarterly meetlng, which will bo held
very shortly. Rev. Ir. Hough has
been pastor of Trlnity church for the
past two years apd returned to the lo
cal church after a long term of pastor
al servlce in other flelda ln tho State.
TIo is a natlvc of England, having been
born in 184S, and hls minlstprial ser
vlce has been long and varir-d, he hav
ing occupicd pulplts . ln Hartland,
Woodstock, Bradford, Ludlow. Groton,
Brattleboro, White River Junctlon and
other places,
In 1890 and 190S ho served n3 chap
laln of tho Houso of:'Represontatlvcs
and his very cfflclent servlc? has won
him fast friends among his parishion
ers. Just what action tha pcoplo of
Trinlty wlll tako upon his reslgnation
has not been declded, but his departure
from the city would bo unlversally re
gretted. MIDDLESEX.
H. B. Chapin has been appolntcd
census enuinerator for thls town n.nd
wlll begin his work April 15th.
Messrs. George and John Alexan
der gathered their sugar tubs Wed
nesday. C. Silloway, who Is worklng for
George Silloway.has been quite indls-
posed but is now somewhat better.
Miss Gladys Rollins has been 111
for some (lays.
H. B. Chapin has taken a boy from
a homo in Iioston.
Mr. Gleason of Richmond began
work for M. II. C. Chapin for the sea
son.
James Mackin wlll begin work for
L. O. Wilder for tho season on Mon
day. L. O. Wilder was in Barro Friday
with beof and pork.
Jnlin T-fnRtinrrn jinrl Rnn Plnvpjipn '
tvoro at homo over Sunday.
Ir. and Mrs. Charles Spauldlng of
Boston aro spondlng a fow days in
town as guests of Mr. nnd Mrs. I.ovi
Swift
Misses Lucy Swift and Addio Nlch
ols came home last week from tho
Montpollor Somlnary for tho Eastor
t'ninitnti
1 UViVLlUil,
John Alexander has been pressing
hay for N. Convorso ln Moretown.
John Alexnndor droppod n stitch in
his back nnd was unablb to work for
several days last wcek.
Tho school diroctors havo been put
tin a now hard wnod lloor in the.
grainmar room of the vlllago school
houso. Tho work was dono by Joseph
Hill.
Eugone Smith nnd daughter of
Montpelier wero over Sunday guests
of Mr. and Mrs,. Gcorgo Atklns.
Miss Rhoda Parry of Montpelier
spont Sunday with her paronts, Mr.
and Mrs, WlUIam Parry.
Mrs. Allco Nyo of South Barro and
a :prospectlvo put'chfisor of tho Rob
lnson farm, wero dawu last Wednos
day looking tho farin ovor.
Mls Florence Burnhnm and Kttlo
Miss Cornlo Vnsser of South Barro
woro guoBts of Mr. nnd Mrs. W. C.
Wlilto over Sunday.
Tho school dlrectors mct Tuosday
nt tho homo of E. Denamoro nnd or
gnnizcd. M. .1. Andrcwa . was a;i-
'l'omti (1 i'1"H; ard O. Wilder c i.nr-
1 pomti d cb'i l; ard L. O. Wilder
''i,in rf Uo bnird. Tin .
' C. White suporintondentt
' 1 , .M ..P . I... 1 1 M-1 . . 1 i
W )-.().i
1 1'.
FOR CENTRAL BANK
.Spppcli of Hon. Frnnk L. FIhIi nt
Sprlngllrld, Mass., Fnrors Idoa.
Sprlngilold Mass., March 27.
Hon. Frank L. Fish of V'jrgonne.?,
Vt., former Natlonal Bank Examlnor
whose Jurlsdlction during a part of
his timo lncludcd Franklin nnd
Berkshlro coimtlcs, In Massachus
etts, siwko last wcn'ing on "A Cen
tral Bank" ibeforo tho S,prlngfleld
Chapter, American Instltute of Bank
ing, In thls city, hls address belng
well received.
Mr. 'Fislt sald ln vart : ,
"Up to tho fall of 1007 it occurred
to but few that wo dld not havo the
best currency systcm ln the world.
It ls trtte that boforo thls timo some
thoughtful students ln banking had
dcolaro that our systcm was unsci
entlflc and would lead to calamlty
nnd ruin, but .most pcoplo thought
tho prophesy was unwarranted, and
that with the gold standard flnmly
cstabllshcd, no changcs would be ncc
essary ln our monoilary systcm dur
at thea ,f z-bthgf bmescccv
Ing the pres'ent generation. Wo wero
at tlie hlgh water mark In a perlod
of wonderful prosperlty our facto.--ies
were worklng over time; our
farms had yielded an unprecedentcd
return Ito tho husbandman; labor
was' evcrywhere employed. Then
suddenly and wlthout warnlng .1
great falluro In New York precrpll
atcd a panlc which brought destruc
tion and ruin in i i pnth, whose dls
astrous results can never. bo mea3
ured and whoso destructlve influ
ences wero felt , 'thro'ughout thc
world. The shrink'age in values to
gether with tho losses incldent to a
suspenslon of business amounted tj
thousands of nillllons of dollar3 and
the wisest economlc students tell us
that the country escaped by thc nar
rowest possible margln from a total
collapse of all credlt and a whole
salo destructlon of all values. "Thc
banks suspended payment and ac
mitte'd their inabillty to meet the r
obligations. Funds wero not at han '
to move the crops or to carry on tho
ordlnary operattons of business.
Domestlc exchanges wero lnterrupt
cd, flnnncl.al embarrasment affected
every industry. Laiborers wero
thrown out of employment and wag
es reduced. Bank afller bank closcd
Its doors and the lianlc became not
only nation-wide but world-wldc in
its consequences, and had lt not
been for tho Joining of forccs by the
great unoney niowcrs of tho' naT.io;i
and placing a great man in charge
of the sltuation, who had the power
and the foreslght to stay tho con
ilagratlon that was sweeping on co
ruin, no one can predlct what .conse
quences would have followed. W'hlle
thls panlc was ibut ono of a serips
its effect was to opeir the eyes of
tliinking men of the .'nadequacy o
our currency systean.
"The greali business of the coun
try ls done in credits 95 to 07 per
sent as lt is estlmated and aside
from its use as bank reserves, money
Is simply tho cliange of the business
world. lt is used for pay rolls, for
retall trade, for use nmong farmers
and ls a handy medlum of exchanKo
by travelers in passing from one sec
tion of )tho country to anothor. The
largo transactions are all made by
credits. A bnnk pays in a glvcn am
ount of capitnl, ostabllshps a crcdl'
of its own and becomes a dealer ln
credits. All commerco in the last
analysis is simply barter. Every
oommunlty really pays for the pro
dudls it 'buys from the rest of thc
world wUh tho commodities of ft
own production.
"Do you, as bnnkors, know o any
good reason wliy tho great govern
rnent of the United Slates should not
do lts banking business as States.
kiountles, towns, tDrporatlons, indi
viduals and all the other nations of
tho world do theirs? Aro we so
unlque and old-fashloned that wp
inuat uso tho machinery that Andrew
Jackson set up for us threc quar
ters of a century ago whilo a"ll the
other nations of the world have the
faclllties which have been fnshionod
for them by the wlsdom and oxpor
ience of modorn times? Tho answor
is too obvlous.
"Tho ossential differonce botwoeii
banking in the old world and new ls
in the effectiveness of the reserves.
In tho old' world theso aro held aa in
a great contral resorvolr ready to bo
drawn upon in short notico to put
out a flro ibeforo It becomes a con
flagratlon. Hcre thoy aro scnttored
broadcast throughout tho banklns
system and ns soon as a panic is
innnlnent they aro eluiig to by the in
difidual banks for tholr protection.
"It must ba admittod, I thii.k, thnt
Uio central bank systems aro far bet
lov than our own nnd that argument
and exporioneo favor noto Issuos by
a oentral rathor than by indh Iduul
banks. Tho quoBtlon for consido-
atlon is, can somo old world system
bo engraited into our putch work ot
a currency nnd be mado to do for us
what it hns dono abroad? It must
bo si.ated at tho outsot that nothlni;
shall be done to impalr tho strength
aud stnndtns of tho 25 000 banks now
organlzed nml dolng business ln tho
L'ultetl States. Nothiug can bo dono
to impnlr tho Fil'fty of t!1." circulat
Ing iiu'ilium ii.nv In us-. if tho gov
. lmiicnt iioirl-; uow held 1'iigflj b
;.Uf national ; ink-i aro a
tunibllng
w.i'ilft hive 'iho ovpvniiiipnt rpdpoin
i ii I . Imulnst Ji n r it l.muls lu
2s cost them nnd this would bo a
fair Hransactlon.
"It would bo foollsli to declare
that tho adoptlon of a centrnl bank
ing system ln thls country ls ah casy
task, Beforo such a system can be
establlshed tho projudlocs of tho pco
plo imust bo overcomo and somo
ineams devlscd whereby tho Stato
and natlonal banks can sharo ln
tho beneficial lirovlsions of tho new
bank whlch must bo recognized as
tho head of tho banking sys.tcm '
the country. It Is proposed that the
btock of tho central bank lo taken
In largo part by the Stato and na
tlonal banks accordlng to thc oapital
of tho present 'banks, or by some
other Just ralo that wlll have gen
eral appllcation. Thls wlll prevent
a centralizaltlon of power which ls
so muoh dneaded (by the opponents of
the measure. Such a bank shou':d
havo branches In all tho prlnclpul
fentcrs of tho country and such pro-
vlsions should be mado for supervi
slon and control of the banks which
are to sharo In tho central system
thnt the charad.er of tho assets ot
each lnstitution and Its standlng
should Ibo readlly ns contalnablo.
This ibank should bo governed by thc
offlcers of the treasury dcpartme'.it
nnd .by offlcers chosen by tho stock
holders. It should not do a geu
eral banking business but lt should
hold the roserves of the banks, re
celve, hold, and dlstrlbute the funds
of the government, lssue tho cur
rency, and redlscount for tho banks
their business paper. The fact that
pur counUry stretches from ocean
to ocean makes the task more labor
ious but It by no mieans forblds th'
etabllshment of a sclentlfic banking
system.
"Tlie opponents of- a central bank
Jis a last argument tell us that the
bank will become the prey of Wal'
Street, the Standard Oil Company
and itho United States Steel Corpora
tlon. Just how those forces wlll gof
control I am not advised. I admtt
their ixwer In tho flnances of the
country. T.he answcr to thls argu
ment should be that in the flrst in
stance tho stock ot the new banh
should be so wldely dlstributed and
so protected Ithat It could not be as
sem'bled In controlllng amount ln
any section of the country or In any
corporatlon or comblnatlon of men.
The second answer should be that
human naturc ls' pretty much alikp
the world over and no such results
ha-ve been observed ln the old world
whero 'the central bank has been so
long a successful lnstitution. The
third answer is, that should the
nightmares which are troubllng th'
timld become reallties and tl'P
great corporatlons and comblnatlon
of capltal, which are so dreaded ge'
control of the new bank, the prlncl
pal of self preservation would
prompt a wiso and careful nianage
ment. Why, these great combim
tions of capltal only two years ago,
committlng their power Ito an nb o
fianclal leader, were the moans of
stopping the panio.
"Now when we get the central
bank, after much argument nnd pe'
suasion, what wlll It do for us?
Flrst, it will regulato tthe rlso and
fall ln tho volumo of paper mone..
making this concurrent with th ;
nceds of business.
ccond, lt will regulate the lnter
ost railes and lirotect the conntry's
stock of gold.
Third, it will concentrate tlie re
serves for efflelont use of the i?ol."
power in proserving confldenco.
Fourth, it will furnish a Hbera
source of available currency in
tlmes of slrws and provsnt pnnlcs.
ln short it will give us ln place
our cumbersome curreacy system o
sclentlfic currency syEUem."
CALLLI) Sl'ECIAL ELECTIOX
Suicp.ssor to .lotluun 1 Allds to Ue
Chosen on April 2S Sovcrnl Candi-datps.
Albany, N.Y March 30.overnor;I)ncha Cha, al
llughes today called k speciol election j jmQjj but Colonej- .Roosevelt Uc.
for April 28 ln tho thirty-seveuth dls- ,
trlct comprlslng the countles of Mad- 1 vered 11 ,scathinS luunoUition of
ison, Chenango and Otsego, to 1111 "tho
vacancy caused by t:ie reslgnation of
Sonator Jotham P. Allds.
Two years ago when Senator Allds
was renonilnated, Assemblyniau Step
hen C. Clark of Otst-go was a candi
date and it was sald today that Mr.
Clark will agaln endeavor to secure
tho Republlcan nomlnatlon. Madison
county may submlt tho namo of ex-j ,
Assemblymnn Robert J. Fish, while i Chil SpimIco Exams.
Nelson P. Bonney of Norwich, who j The V. S. Clvll Servlce Commlssion
wns one of Senator Congcr's counsol jnnnounccs oxamlnatlons on April 20
during the bribery investlgation, hasjf0r tho position of engineer ln wood
been put forth as Clienango county's I preservation, Dlstrict No. 2, forest
candldnte. sorvlco. Examlnations aro also scho-
Tho Senato Judlciary Comnilttee to- .duled as follows: April 20 labcra
day granted the remiest of Senatdr tory apprentJce in tho Burenu of Stan
Congor that ho be permitted n hear-dards, Deportmont o Commorce nnd
ing beroro tho committee on Senator j Uibor; April 20-21, clerk with sprcinl
Cobb's resolutlon providlng for tho quallflcatlons in connectlon with ban
appolntment ,of n commltteo of flveking aiid currency questlons, trens-Snn.'itni-R
lo drnw un chnrirpB nirnliiKt ' m.v .iMi.imont. a n,.n on ,or,i..
Cong(!r nB ft rosult 0f dlsclosures lattendant, Insppction . UopartmPnt,
mado at'tho recent VeStigatIon and!Xew York navy yard. Naval Powder
flsod Tue8llny nt 10 a. m. as tho timo. Dont, Lake Donmark. N. J.; April 20,
There is etill uncerlninty as to wluit-.nssistant physlclst, Bureau of Stnn
lior Allds' nccuser wlll llght tho Sen-ldnrds Ddpartmont of Cqmjiiorpe nnd
ato's offorts to expel him, or resign Labor; April 20, posilion of laboratory
bofore drastlc action is taken.
ltrit.NS l'HOVi: FATAL.
Woimm Iiijurod Whilo Llghtliifc' Flrn
Wllli liorospno lllfs lu Hosiiltal. reau rr stntistlps D twrtu't m roiu
Rutland, March 2S. Terrlblo burns jmprio md Labo;'
that Mrs. Hartland J, Bryant recoivodi
.about W days ago, wnemaho triod to
itnllv :it tu- I'iiv Tlncnlfni tndnv 17n,-
,';,d h"..-,buml stili und.r troaln.. i.t
POWER IN CONGRESS
Prosldrnt, Tnft Explalns How East
prn Statps Kctaln Their Iniliicncc.
Washington, D. C, March 31. Pres
ldent Tnft In an address beforo tho
Ohlo Soclety of Washington tonlght,
polnted out that tho domlnatlng pow-
er of tho eastern States ln Congrcsa
Hes ln tho fact that they kecp men'ln
office when they. plnce them therc. Hla
words crcatcd n mlld scnsatlon. Ho
contrastod the Innuence of tho east
in legislative affalrs with that of tha
west and attributed tho supremacy of
tho former to the contlnuous scrvlco
of legislative representatlves.
"Why is it," asked tho Presldent,
"that the small Status of thc east ex
erclses so much power In Congrcss?
It ls not bccauso an castcrn man has
any moro capactty In tho matter of
loglslatlon than a western man cer
tainly not moro than an Ohlo man. lt
is because when tho eastorn States
get a good representative they keep
him as long as he llves, and then he
has an iniluence that vastly excecds
thc mero nutnerical representation o
populatlon.
"I don't know whether this is qulto
germanc to tho subject of thls occa
slon, but It occurred to me to say thls
because I feel as though we are all in
terested in having Ohio well repres
ented.md in having Ohlo make her
self felt In the Leglslature
self felt In the loglslatlon of this coun
try by adopting a system that wlll
certainly brlng about the wcight sho
ls entltled to."
The Presldent was the guest o
honor at the meeting called for tlio
purpose of organizing an Ohlo Soclety
In Washington. Justlce Wllliam R.
Day preslded and subsequently was
eleced presldent of the soclety. Mr.
Taft congratulated Ohlo on lts high
place ln the natlon and upon thc ln
fluence of lts people.
"There Is only one thlng I want to
say about Ohlo that has a political
tlnge" he sald, "and that is, that I
think a mlstake has been made In
recent years In Ohio ' in falling to
continue as our representatlves tho
same people, term after term.-
"I am in favor therefore of cou
tlnulng the representation as wo
have it so that the representatlves
shall be the foremost' ln both halls of
the Leglslature."
HAD SAKHOW ESCAl'E.
Jllddlpbiiry Cattlc l)roer Iiijurod by
Infurlatcd Anlmal.
Middlebury, Mar. 28. Marcus Carr,
a local cattle drover, had a narrow
escape with a mad cow yesterday af
ternoon. He was leading tho animal
to the cattle yards In this vlllago for
shlpment Monday when the rope with
which the animal was belng drlven
broke. Tho maddened beast turned
toward Miss Sadie Kent, who was
walking on the sidewalk. She ran for
tlic nearest house while Mr. Carr at
tompted to head off the animal wherc
upon It turned lts attention to him
strlking him in the right side, the leg3
and knocking him down, strlking him
on the chest and arms as lie lay on the
ground. The timeiy assistance of Pe
ter Donnally, another cattle drover,
probably saved Mr. Carr's llfe Ho
was taken to his home at Cornwall
suffering considerably from his injur
ies The infurlated animal was ilnally
captured and roped atter which lt was
led to the local cattle sheds.
DEXOUX'EI) ASSASSIX.
Col. lioosoclt I'parcd to IIimp lu
ciiricd EiiniHy of tlie Xatlonalht
l'artj ln Efrj pt. '
Cairo, .March 2S. Ex-President
Roosevelt's warnlng to the National
lsts In hls speech today beforo the
Egyptian L'niversity has crcated a
sensation. It ls reported that de
tennlned eiforts . were made to dis-
suado him from referring to the as-
snssin.'illnn nf tlifi nrpnilnr. Ttnntrosi
ur- ita&iiNNia iiuu cuiiuuiiwit'u lausu
who would coudono such an not.
Some apprehension Is felt at tho
possible, attltude of. tho resentful
natlonnlist party, and tlio authorl
ties aro oxorcislng extraordlnary vlg
lance and are prepnrod to take ex
treme measures if any raanlic untlon
' occurs against Golonel Roosovcii
inssistant nnd asslstant chemist. Bo-
ronu or stanuarUs; April 20, map
draftsninn, colorist, Bureau ot BIol
oglcnl Survoy Bvpartmcnt of Agrlcul-
turo; May 18-19, library asslstant llo-
1' in ,sl(d N"inr to ILrs f...' rs.
i .1,1 . ...
i.igh FnllB, furnls'aeU the pur.ir
' ' ' l,al 'Ult or t'-(' v'
1
Wo -I'- ,
vnl h d .
t. i
T1K-..SO i c : i i p i i j-p ' at . .
i)
'. 1 . dl la l N, 'd 1
f.
ine "i cali s v
'tj bo glven each banqueter.
aa
hy ou i i r. .it u av uf bum unu i.air i.mu.ui
pk ti'.d rnurn d to hl 1.