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The West Virginian. [volume] (Fairmont, W. Va.) 1914-1974, December 06, 1916, Image 10

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PAGE 10
I BBS
K Of CURRENCY UWI
I SAYS SEC. M'ADOO
"United States Now in Commanding
Position in
World Finance.
I S2J00OT IN GOLD
JThis Stupendous Amount of
the Yellow Meta! in
America.
(By AsFOcintofi ]?! >
'j WASHINGTON". 1>it. fi.? Srorotr
My McAdoo's sinntiui roport of llio
p goTBramont's Htvino-s. proatmted to
MK, fVin pro a a tndav eatlmntou !*?
fiscal year ending June ilflih. 1017 will
[' Show a balance of $115,000,000 in the
general fund but that the f lei ires a
year later?June 30th, lOlS will show
a deficit In the general fund i.f a 1 sr..
poo,000.
Preliminary estimates place the cost
of conducting the government for the
coming fiscal year 1018. exclusive of;
the postal service which is expected
to he self sustaining and other drduf I
Ions, at $1,278,021,000. The ordinary]
receipts for the fiscal veer 101s lit. j
estimates at $995,550,000, which Is
$282 71,000 less than estimated expense.
S Estimates of large expenditures for
1 national defense carry the estimated
' outlay beyond the estimated income
For the flsoal year 1910 now drawing
to a close, the Secretary reports
great prosperity and expresses greatest
confidence for the future. "Dur
Ing the past year," the secretary say.-,
"the prosperity which set in so strongly
during the fiscal year 1915 lias
f grown In strength and volume and Is
bow widely djrrused throughout the
United States.' Fundamental economic
! conditions have never been tunre
sound. In all lines of industry efflri,
enoy of organization and production
have reached the healthful enterprise
\nd development have marked chnrnet
eristics of the year.
"The financial strength of the 1'nit
?d 8tates?the greatest in our history j
t?gives "S a commanding position in
world finance. We have been trans
formed from a debtor into a creditor
nation. On Nevembor 1. 1 til ?t. the
t; stock of gold coin and bullion in the.
United States was estimated t tff.Ti"
136,976. an increase of $?! ?..",*i7.st'4 tn
the past 16 months Thi- i:- 'It-- tar.est
stock of gold ever held ii, it;United
States or any other country ot
the world. Through the operations > (
the Federal Reserve Syste ,i ami ?t'u
h out abundant supply of goid as ah'
?: the credit recourses of the I t;i, tl .
States have itccome more that, j,
; cient for home demand, and we haw
' ? been nhlc to finance our great dome
wjet tic and foreign irn without nr.,it
and to extend \ -I . n i:it , . |e
! . to other nations throughout the world,
jr, , "The experin. -e to tit ptw ',vo
years lias l>i"-.i i, 'it .? . t
L: the value of lite Fe'<r.:l ih- : > St
'. lem. It is not too nit it : -ay if
s. our great prosperity ?' not ovf .
without it. The usei'iim - * i f tin- system
has been broadened recent Jy by
I the amendatory act of Sep'enih ? 7.
1016, which renders it more attractive
to member hunks an1 it, pases the
scope and service.. >, ' rVicra' r"
serve banks. Pite t . v t :.-,-cnc<cf
rau't and oil:- r - r?- to Federal
reserve banks, authorized by the
original act and ndmerdatory act. the
resourses of said hunks are now more
than $650,000.0fm. while the total reserves
held are over Si (10.000.000. and, j
in addition, more than L'lio.ooo.ooo Ih
held by Fedora! res, rv agents as special
security againaM Federal reserve
notes. About one-fourth of tlie country's
stock "? gold is thus mobilized
in the hauds of the Federal reserve
banks and scents.
' , "The increasing strength and efti !
ciency of the Federal reserve banks
have enabled them to enlarge their direct
service to the business community
' through the introduction of a definite
- ' y and comprehensive system for the par
C .' clearance of checks throughout the
country.
Rates of discount at Federal re ;
aerve banks have continued low
? throughout the year and most of their
?'%: open-market paper, consisting largely
i of acceptances growing out of foreign
trade, has been taken below a per
f' cent basis. Rates of Interest through
S: out the country have been reduced and
1 ~ ANNOUN
Editor of The West Virginian:
We, tbo undersigned, of our 01
- troduclng and recommending Di
ing at 320 Monroe Street, to the
Dr. Ruloy's record of three y?
practitioner, reflects none uth<
and his profession.
He haa won the confidence an<
but little or no contldenec In dn
Dr. Ruley sold his equipment
profession, after having decided
religious theology. But owing
changes, it has become necessai
his career as a practitioner.
Dr. Ruley comes to you ? grt
practic schools of Davenport,
jfo_ years of practical experience, t
adequate guarantee of his efli.i<
Healing.
a h-.'r ."vpr: /*
st&blized with great advantage to th? j
business of the country.
"It would have been impossible to
finance our vast domestic and foreign
trade without the facilities provided i
by tho Federal Reserve System. Not
only has It met the normal and extraordinary
needs of business, but It has
established confidence securely. Busi-'
nesB has been able to go forward without
apprehension and the several crises
which the country has faced in its
International relations during the past
two years have been accompanied by 1
no disturbances and have caused not
even a tremor in tho financial world.;
The crops of 19111 and ISIS were ftnan-!
ced without difficulty and to the great
advantage ot the farmers, and the in- [
dttstrial troubles which at one time
seemed imminent, because of the I
I threatened railway strike last summer
1 were not accompanied by the slight- i
! est financial uneasiness. Happily the j
l country has been at peace and busit
ness and enterprise have had the lar- j
i gest opportunity for favorable develop,
meat under the most auspicious con-'
: dltlons.
"If we make intelligent use of our I
great power and exceptional financial
resources, we can cope successfully
with any conditions the future may
develop. "
One of the feature of the report is a
discussion of present methods of con-'
structlna public buildings.
"i am convinced", says the Secre-.
tare-, "that the methods pursued by
the Congress (or tho past 15 years of
providing federal buildings through socalled
omnibUH-puhlic-building hills
hate resulted in the construction of
many public buildings in small towns |
1 and localities where they are not need-'
d. and at a cost which is clearly unjustified
hy any actual requirements
of the cotnnitinites in which they arm
erected. The conclusion is irresistl-l
hie that authorizations for public buihl
ings In theae small communities are
! to frequently dictated by local reasons j
I and without regard to best interests
of the government. The most serious
Inspect is this: The annual operation
| rim! maintenance of these buildings |
impose on the Treasury a permanent:
' and constantly increasing burden.
"Common sense and business Judg*j
| ment would seem to demand thntl
structures for the transaction of gov. I
crtiment business should be authorized
only in localities where they ar?-'
imperatively needed, and that buildings
should not he erected where no,
public necessity can be shown This j
result ran be accomplished by divorce '
ing the public-bulldlng question from
I all local or political considerations
I and authorizing no public buildings un!
til a thorough and intelligent investigation
of each proposed, building or
project lias been made to this depart
ment and full report thereon has been
, submitted to Congress. If such re-;
ports were followed by the introduction
and passage of seperav measures J
| to cover each proposed building pro-j
I Jed the abuses and evils of the omnl*|
| bus-bill method would be eradicated." J
The Federal War Kisk Insurance
nureau. .Air. .mcauoo. says snnuiu uei
extended a year to September 2. 11*18,
I iiki Congress might not lie In session!
next September and it would be ini i
I possible then to continue the work if!
it!:: European War i?* still in progress j
and r.erif.tis injury to American busl- {
ne-w might r -iih. The report says!
up to Xovemlier IT neurit 1.700 po'ic-}
ies were written |.v Bureau with'
total risk of more than sl l.dio.ooo and
ant untir.c to is:,,:;.G24. Trent!
tint received urtounted io $!U42.525.
In s leaking of customs revenues,
v It ii*)i in (Teased about $2,400,000 over
the previous yenr. the Secretary says'
he European ?onfltct is still inter-,
forirg with such ret eipts.
"Before the breaking out of the Euro;
pfr'sin war.** savs the report, "the am-:
uunt of the collections indicated clear-1
Jv that under normal conditions the |
present turilT will produce nil the re
venue it was estimated ft would prodo*
e at Hit tint* it was drawn, and
since the war the receipts under the
tariff lull hare been ail that could he
expect 'J under the present conditions
.Mr. McAdoo points out that for til*1
year the value of imports was about
3vm.OOu.OGtj greater than the previous
year those of exports 32.7GS.5SG.240
greater.
Congress is asked to amend the antlnarcotic
law in view of the Supreme
Court, interpretation of the clause relating
to drugs in possession and to
provid(? fund to care for drug addicts
through goverment treatment.
"To cut off suddenly the supply of
drugs without curing the addict of his
i cravings or making any provision for
the amelioration of his sufferings."
says the report, "is not only inhumane
but encourages evasions of the law "
Appropriations are asked to enable
the Public Health Service to prosecute
investigation of Infantile paraly
sis and for the aviation section of
tiio roast Guard, authorized but given
no Funds by Congress.
Tlte report concludes with a resume ]
to-.' otic-rations of the various bureaus
' in the Treasury Department.
Delicious homemade cake, hot
I chocolate and Ice cream will be served
in the Refreshment Booth at. the First
j M. E. Church Bazaar December 7 and
Sth.?Advt
[CEMENT I
KSBURG, W. Va., Not. S, 1916.
vn initiative, take pleasure In In .
C. J. Ruley. who Is now locatpeople
of Fairmont.
ars In our city as a citizen and
>r Ulan one of honor upon him
i support of those, who once hud
tgless dealing.
anil practice to one of his own
I on taking a four years course
to unexpected and Inevitable
y to reconsider, thus furthering
iduato of one of the best ChtroInwa.
this, together with throe
vlth unparalleled success, Is an
cncy in the Science of Prugless
1. L. DAVIS
VRD L. ROBINSON
A. E. STUART
P M. BABER
B. KING
E JANE HALE
mflO ^4%
1,
Town Talk
Inspects High Schools?Prof. George
H. Tolebank. principal of the Fairmont
High school who attended a meeting
of the Association of the Secondary
Schools of the upper Ohio valley a:
I'arkersburg on Saturday, went from
Pittsburgh to Newark. N. J., where lets
Inspecting the commercial and in
dustrlal departments of the Newark
High school, said to be one of the finest
high schools in the state of New
Jersey. Mr. Colebank will return h'-re
Friday morning. During his absence
Superintendent Otis G. Wilson Is looking
after the management of the high
school.
Miner Injured?Frank Arcusl. au
Italian miner employed In the mines
at Maidsville, was admitted to Fairmont
Hospital No. 3 today suffering
from Injuries received in the mines.
His condKiou Is favorable. i
Patrons Meet at Jsyenne?The patrons
of the school mot last night at
the Jayenne school bouse and enjoyed
an interesting program given by the i
pupils. More of these community |
mretiugs will be hold at this school;
tills year aud are part of the policy ot'
the county superintendent of schools, t
All of the schools In the county are now
planning their Christmas programs |
and entertainments of a more or less!
elaborate nature will be held in pructically
every school In the county.
Royal Neighbor Officers?New officers
for the ensuing year were elected
by Senton Camp, Itoyal Neighbors of
America, at a meeting held last night i
in the Woodmen's hall as follows:
Oracle, Mrs. Belle Coogle; fast Oracle, 1
Mrs. Etta Snider; Vice Oracle. .Mrs. '
Alice Morgan; Recorded, Miss Daisy;
Adams; Receiver, Mrs. Bessie Buyer;
Chancellor, Mrs. Amy Griffith; Inner
Sentinel, Mrs. Grace Meredith; Outer'
Sentlnei, Miss Bosle Wilfong; Monitor,1'
Mrs. Mooney; Marshal, Miss Georgia
Adams.
Wlnfield Farmers Meet?The farm-'
ers of Wlnfield district will meet to-'
night at the Layman school whore ]
County Agricultural Agent H. L.
.Smith will show his stereoptiean views
of agricultural development in this
county. The pictures were shown to
a good turn out of farmers last night
at the ML llarmony school.
Guard Company Meets Tonight ?
Themounted scout section of the First!
Regiment National Guard meet to-'
night in the local armory and a num j
her of vital matters to this company
will he discussed. Drill f'<r this com-;
pany will likely he ordered as soon as !
its equipment arrives from the War
Department.
Nursing Service to Meet?The red
ttlar monthly meting of the Fairmont
i'ublie Health Nursing Service will he
held on Thursday evening at 7: :'.0
o'clock at Cook hospital. Members
of the executive board and all interest,
ed in the work of the organization are
asked to attend the meeting as mat
tor? of importance will come up for
consideration.
GEORGE WROE DIES
lieorpe X. Wroe, aged 7ti. a veteran
of the Civil war and a member of
Captain Kinney's company stationed i
bore during the war. died recently at'
bis ranch in Wyoming. The deceased j
was well known here among the old-1
or residents of the city. He was a \
son of I?r. S. A. Wroe of jollvtown. Pa . ;
and a brother of W. ,1. Wroe of this '
city. !i? is survived by two sons and j
one daughter.
-
CHARLESTON AS SEE CITY
CHARLESTON. W. Ya.. Ileo. ?.?!
Charleston is to become the see cityj
of West Virginia diocese of the Protes- i
taut Episcopal church, according to
hifortnaiion given out here today.
Bishop W. L. (inivatt of Charleston,
was recently elected bishop of the
West Virginia diocese, succeeding the
late Bishop George W. Peterkin of
Parkcrsburg. The new bishop has considered
Huntington, Parkersburg,
Wheeling and Clarksburg as possible
headquarters and is said to have decided
in favor of Charleston.
Delicious home-made cake, hot
chocolate and ice cream will bo served
in the Refreshment Booth at the First.
M. E. Church Bazaar December 7 and
Sth.?Advt.
ft ~
II
Twili
PO
wi
TO
THE
1 ^ 1
mWm~
BIG ENRBLIMEHT
First Meeting Starts With
Class of Thirty, More
Expected Thursday.
tVith an atendance of thirty and
prospects of a much larger enrollment
in the near future tho first f/ssion of j
the Night school, tho latest education- l
al venture in this city, was held last
night at the High school building. In '
the absence of Prof. George H. Cole-1
bank, principal of the High school, un-j
rlcr whose supervision the school will
be held. Superintendent Otis G. Wil- j
son had charge of the school and was
assisted by the teachers from the High ;
and grade schools who will have'
charge of the various branches to bo '
taught.
Much enthusiasm was manifested by j
the DUDiis of the school as well as the
promoters, over the outcome of the
school ami It is believed the veuture j
will become a permanent thing and
will wield a power lor good iu the J.
community.
The classes which at the present
time seeni to be the most popular ur?
I hose of shop mathainetlcs, mechanical
drawing, short hand and type-)
writing, although english. sewing and 1
millinery classes also have good en-! i
rollmcnt.
The nest session will he held Thurs-11
lay night at 7:30 o'clock at which time i
it is expected many more pupils will
enroll.
WILL COUNT MINERS' VOTES
CHARLESTON. W. Va. Dec. i
Tellers have been appointed by John
P. White, president of the 1'nited Mine
SVorkers of America, to count the votes
i-ast In the election which will be held 1
December 12 by District No. 17. of i
tho organization. These officials are
John Zimmermun of Illinois, W. D. I
Van Horn of Indiana. George Baker
of Kentucky. The count will commence
immediately after December fi. when
they are to assemble here. The district
is now under the administration
nf the international organization, abler
the elective officials had been re-ji
moved during progress of labor trouble
iu the district.
I
European Literature.
u wus uui uiiiii iin: i.urnpi-uu inin'i
cart away forever the fetters of lie- !
nnlssnnce traditions that Shelley and
Wordsworth became possible In Eng- j
land, that (Soothe and Heine were possible
in Hermany, or Victor Hugo and
Alfred do Mussct In France.
Chance for Genius. ,
Judging by the number of fats who
want to get tlilu. and the number of !
tliius who want to get fat, a fortune I <
awaits some Old Dor who will scliciiii
out a method of painless transfusion
of adipose. !'
THE OLD i
Reft
BAKING
Absolute
No Alum?Nc
ghtS
SITIVEl
II be Shov
>NIGI
AT
: gr^
inbffl
Dun's Report of
November Failures
NEW YORK, Doc. 6.?The country
enters on the closing month of its
most prosperous year with aggregate
commercial failures thus far reported
!o K. G. Dun & Co. 23 per cent, smaller
in number and over 36 per cent, less
In amount than In 1913. Moreover, the
record In both respects shows a substantial
reduction from the mortality
of two years ago. while there were
lewer defaults In- November than In
the same period of any year since 1912
and it Is necessary to go back to 1910
to find a lighter Indebtedness.
Ruslness reverses last month numbered
1.251, aft increase of 11 over
October, hut comparing with 1,565 in
the previous year. 1.S15 In 1914 and
1.377 In 1913. in 1912 there were 1.17-5
suspensions. The November liabilities.
owing to several insolvencies of
unusual size. reached 614.104,621.
against $10,775,654 in October, yet in
the corresponding month of 1915 tho
sum involved was $15,694,434; two
years ago it was $25,489,459; in 1913
$24,199 4S3 and In 1912 about $15,600.900.
Excepting the present instance,
the Indebtedness has not fallen below ,
J 1 - itiin fina iw ...... ? 1 -I
VM.f,vvu,vvv 111 an; i^uveuiDtsr smcu
1310.
?
Four Drunks in
Police Court Today
C. Hamilton, of Worthlngton, was
arrested yesterday evening charged
with tieing drunk. He admitted his
guilt in police court this morning and
said that ho purchased his goods from 1
a tall colored gent on Washington i
street at Hilly May's restaurant. He j
was fined to and paid.
Frank Puncha and Stevo Motsha.
Jf C'hieftou. each paid lines of $5 when
they pleaded guilty to drunk charge.-, j
Charles Woodson, colored, of Iloh- j
Inson street, was fined $3 for rough |
housing his home when he came home i
drunk last night. J. M. Sphar, of the;
Fairmont Motor company, was fined j
S3 for speeding. He paid.
V. M. C. A. CONFERENCE OPENS
WHEELING. W. Vn.. Doc. 6.?The
first Young Women's Christian Asso j
r iat ion conference ever held in West I
Virginia opened here tonight and will i
continue throughout the week. Bible
classes and conferences on personal ]
vangelism are being conducted. The j
leaders include Miss Elizabeth L. Dean !
national secretary of the Y. M. C. A. I
of New York: Miss Edith Stanton, al-1
son of the national headquarters, and !
Miss Elizabeth Hughes of Cincinnati. I
head of the field work in West Virginia
and Ohio.
Mission Club to Meet
The Home Mission rluh wil meet at
the home of .Miss IlcnlaU Uowe on
High stret at 7.!i0 o'clocff Thursday
evening.
Delicious home-made coke, hot
chocolate and ice crtatu will be serve"
!n the Refreshment booth at the First
M. E. Church bazaar December 7 and I
sth.?Advt.
_
RELIABLE
fAL
POWDER
/y Pure
f Phospha te
Ibon I
>ivvp
LY
i
;n
-IT
iND
1
VEfc .** -y., "* r. s T^^Aj*3h
WEDNESDAY EVEN
I
I BARGAINS
NOWS YOUR TIME TO DO YOUF
MENTS ARE LARGE AND COM
RIGHT AT UNDERSELLING PR
BLE. UPON A SMALL PAYMEf
ANY MUFF, SCARF OR SET UNFUR
SET GENt
2.48 , X!
_ , .. In red or s
For lad.es or m.sses si? mu? .
black coney fur stts vVorth $22.
worth $4.00.
? SPECIE
FUR SET
4.98 1/j
For ladles' natural I J^L
coney fur sets. 1 m
Worth $7.50.
BLUMBERC
IP*
ORIGINATORS AND LEADERS I
INDUSTRIAL
1?' A T T~\ n .1 /~\ V T' f *
f A1K1V1U1N1
Many articles which are hard to
manufacture and which are special
orders, are made by Antonio Scallse
at the Columbia Glass factory. He-1
contly a big Catholic church wanted i
somo artificial candles made. Can-j
dies which would look exactly like J
real wax ones but which were made |
hollow and could bo filled wtlh a spo-'
clal oil and burn like a candle from a
little wick at the top. Antonio took
the order and turned out a shipment
of as fine looking candles as could he 1
found anywhero.
A brownish gray pressed brick, to |
be user! on the front of the new Arcade
building, has arrived and will be 1
DodgeB
WINTEI
This business has rou
months of existence fcq
ers more than one hu
Price concessions on this car
are rarely asked and never
given with Dodge Brothers
consent or to their knowledge
You can therefore figure accurately
the amount invested
by the public in Dodge Brothers
cars, by multiplying the
output by the retail selling
price.
One hundred thousand cars at
$785 per car means a sales
total In less than two years'
time of $78,500,000?or, with
the freight cost added, considerably
more than $80,000,000.
There have been no bursts of
speed In the up buldlng of this
great business.
At no time has there been even
an attempt at stimulation of
sales or of production.
Never for a single day has production
been speeded up for
the sake of attaining a total.
On the contrary, It has been
held down every day within
the limits of close, careful
conscientious manufacturing.
Both production and sales have
been stable, steady and soon
taneous?scrupulous care In
the one?producing huge volume
In the other.
At thia moment, as at every
other period, although producing
a large volume every
day. Dodge Brothers are
"losing business' by their
policy, of keeping production
It will pay you to viait ui
The gasoline consumpt
The tire mileage li
The price of the Touring C
is $785 It. o.
The price of the Winter Touri
including regular mohair t
STANDARD C
Madiion Street
'
ING, DECEMBER 6, 1916.
i IN FURS I
I PICKING WHILE OUR ASSORTPLETE
AND THE PRICES ARE
ICES?THE LOWEST OBTAINAJT
DOWN. WE WILL RESERVE
TIL XMAS.
IINE FUR SET
*ETS O QC
irey. large
and scarf. For ml?ses natural
50 coney fur sets.
Worth $4.00.
tL AT
FUR MUFFS
QC 1.98
Si m I For ladles or misses
11 i W black coney muffs,
worth $3.00.
i BROS. CO.
rrmemvmai
SSSfuol
>F LOW PRICES IN FAIRMONT {
placed In a few days. Tho concrete
floor for the ground level la being
placed and will be completed soon.
The structural steel to be used In the
super structure Is expected In a few
days.
A buge copper vat containing thousands
of pounds of the purest copper,
a relic of the old days when tho Marlon
Products plant was tho Fairmont
Brewery, Is still siting In a room of
the building. The Marion Products
company nas been olferod JIO OOO for
the vat but prefers not to sell It at
this time.
"Hie general Fancy Work Booth at
the First M. E. Church Bazaar Dee. 7
and 8, will show the finest needlework
of all descriptions. Quilts and comforts.
beautifully made will be offered
among the varied array. The prices
most moderate.?AdvL
R0THER5
% Lrtlt
i
nded out twenty-two
r distributing to ownndred
thousand cars.
within the bounds of continuous
betterment.
In that sense they have doubtless
suffered a great loss In
the past and will endure a
great loss In the future.
But over against this great toss
Is an infinitely greater gain.
The people of the United States
have Implicit faith in the Integrlty
of Dodge Brothers
manufacturing methods.
One hundred thousand owner*?
or rather one hundred thousand
families?are of one mind
concerning the car and the
men who make It.
This business and Its product
are blessed with a friendship ,
probably without parallel In '
the history 0f the American
manufacturing.
Fresh from the factory, or sold
at second hand, from one end
of the nation to the other, the
car has special value and a
apeolal reputation, because of
the name It bears.
Because of the name It bears,
you may be sure that the orln
olple behind the car will never
be changed a hair's breadth
Dodge Brothers have only one
Idea In the upbuilding of their I
business.
That Idea Is to build so soundly
and so well that the good will I
which they have won will grow
and endure forever.
I and examine this car.
Ion Is unusually low.
9 unusually high.
ar or Roadster, complete,
b. Detroit)
ng Car or Roadster complete
op is $950 (t. o. b. Detroit)
IARAGE CO.
Fairmont
"" ^

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