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lortureii a Witness.
♦ lnt enEe sufferioi- was endured by wit ness T. L. Martin, of Dixie, Kv., before ».„.„...l; ., * . *'e ga\e this evidence: "1 coughed every; niuht until my throat was nearly raw; then tried Dr. King's New Discovery which gave instant relief. I have used it in my family for four years and re commend it as the greatest remedy for Coughs, Colds, and all Throaf, Chest and Lung troubles. It will stop the worst cough, and not only prevents but absolutely cures Consumption. Price bOc and $1.00. Every bottle guaranteed. Trial bottles fr ee at ltiter Bros. Drug Co. for A Lawyer, But Not a Financier. Judge Heyhurn has written the following communication to the Boise Statesman in regard to the beauties of the new financial law of the United States: Boise, May 13.—Editor Statesman: In your issue of the 13th through an imperfect report of my remarks at the Lewiston convention I am made to state the provisions of the financial bill enacted by the republican congress in such manner as to be misleading. The facts are that under the provisions of that bill a national bank can be es to of tablished anywhere without regard to population and under its provisions any community may regulate the volume of money in circulation, independent of the larger money centers, and it is no longer within the power of any finan cial combination to contract the cur rancy or the volume of money in circu lation to the detriment of any portion of our people. National hanks may be established wherever desired or needed with a capital of $25,000 in places hav ing a population of 3000 or less, persons desiring bank, whether a few men or a whole community, must get together the sum of $25,000 or more if they desire, and purchase that amount of government bonds, which they then deposit in the United States treasury, whereupon the government of the United States prints and delivers to the bank when organiz ed $25,000 in paper currency, denomi nated national bank notes. With this 7 the bank is equipped for busi - it has that amount of money with 'I he to establish such a money ness whieh to do business in the community, and if the community has any business to do or value to give for it the money will speedily bo in general circulation. The amount of money in circulation in community in the United States will therefore be under cantrol of the people of that community and the mon ey so issued has behind it ;the faith and «redit of the government of the United States, represented by its bonds deposit to secure the notes ed in the treasury issued. A few farmers or mechanics or workmen or persons in any walk of increase the volume of life can thus money in circulation in their own corn according to the demend for its use. The country districts are no long er at the mercy of the great financial centers. It was legislation in the inter est of the people. It takes away the great objection which has been urged against the national banking system and its power to control the volume of the currency in circulation. If any community or section of the country shall hereafter suffer in this regard must lay the blame at taeir own The act reduces the amount of to a figure within the communities or a few inunity they door capital required reach of small individuals of very modest means. lnUXV stf b. Heyburn. Anyone who has had anything to do with banks will tell the Judge ^at a national bank is a poor in vest ment, unless it is capitalized for a „ 0O d bis sum. And the reason is , , . j that no man can borrow to exceed one-fenth of the capital stock, and in the kind of a bank he speaks of this wonld mean only $2500. Evetyone knows that all the princi pal deals, that is the ones that make money for the bank, are for sums much larger than $2,500. fore the $25,000 hank wonld lose all the big business of the commun If* could only handle small There ity. loans and usually the men who want small sums of money have little security to offer, and taking out that part of the community who would want big loans and those who would have nothing at all to offer for security, there would be very few left who would have any busi Then again the ness for the hank, men who would be the heaviest pro spective customers of the bank, but who could not get accommodated, owing to the national hanking law affecting the small hank, would de posit their money in banks at other places where they could borrow suf ficient sums when they wanted it. These, with the people in the com munity who would have no money to deposit at all, would cut the list of the hank's depositors down to a very limited number. But, for the sake of argument, let us suppose that $25,000, the bank's capital, would he available for business. Let us presume that the hank would have $50,000 in de posits, (it could not figure on this sum, however, much before five years,) This would make $75,000 it would have to do business on. From this we must deduct at least $10,000 for cash on hand and in its correspondent hanks, is $2,000 for a vault, fixtures and a place to do business in, leaving $62,500. Any hanker, even in the west, will tell the Judge that if the handling of this money brings in eight per cent it is doing exceed ingly well. This means an income of $5000, to cover salaries for at least two men, taxes, stationary, postage and a host of other small expenses, always connected with hanking, to say nothing of occa sional bad loans. So it will be seen that under the most favorable cir cumstances a small national hank could make very little money, deed, unless all the circumstances were very favorable, it would hard ly pay expenses. In small towns, especially, the men who have any money to loan, and they are the only ones who could help start a bank, can get and safer returns than they Then there of of in its of of the more could from such a bank. As we said in the heading, the Judge is a good lawyer, but his financial theories won't work in actual practice, and small national banks are doomed to failure. Location Notices. Mining location notices for sale at this office. 5 cents each 50 cent a dozen. to ik Spring Arrival is ik * ..OF THE # iH finest goods and * * .. BEST VALUES. • « • * My Stock is in and it will be a pleasure^ 2Jfor you to examine it. * *6 Low Prices coupled with % Big Values, Wls the Combination that wins your Tradejg Tin my Elegant Assortment of Spring andl? ^Summer Novelties in ^ % Dry, Goods Groceries, Shoes, flats, Gaos, Furnishing Goods, Garnets, Notions, Etc.« * * * W * * * « * * 0» * I offer a splendid line of High Grade«!» WGoods at fairest figures. 2? If you want a little better article at a» •Jhittle lower price than you expected tojjj »Spay, come to my store. \ù John R. Brennan, Montpelier. idano| « * * w * 9 \ To Sheep and cattle Men; Be sure and call at the Bear Lake Hide and Junk House, in Montpelier, for SALT, SUL PHUR and LIME, which we are selling at the Lowest Prices. We are paying the high est market price for Hides, Pelts and Furs. M. H. SACHS, Manager. We are also buying old rubber, copper, iron, etc._ Corner of Ma* binqton Bvc ■anb toi b otroot. - U HE . . % \ s Palace Saloon. s s Si ?4 I \ J. F. O'CONNOR, PROP. v *2. 11 u finest Mines, liquors ant> Cigars. MONTPELIER. IDAHO. Bank of Montpelier CAPITAL, Fully Paid, $20,000 TRANSACTS A GENERAL BANKING BUSINESS. -OFFICERS amj DIRECTORS: J. W. 8T0N&R, Vice Pres. 0. SP0KGBERG, te» t. Cashier. G. 6. GRAY. Cashier. C. E. WttEELftND. Pres. G. W&58TER. IDAHO. MONTPELIER