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The Oskaloosa herald. (Oskaloosa, Mahaska County, Iowa) 1885-1919, October 12, 1905, Image 3

Image and text provided by State Historical Society of Iowa

Persistent link: https://chroniclingamerica.loc.gov/lccn/sn87058308/1905-10-12/ed-1/seq-3/

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official county Mrt*.
"~~ r ...... _.......
octoser timk.
When r(J)t»M»tl leave* are reddeilttf
Aad froat Is on the vino
They 101 l ua of the com leg
Of fruitful Autumn U«*~f
Of October.
When golden pumpkin* gleaming,
tie yellow through tt»« corn;
Whmi tardy son, arising,
Dispels the mist* of morn—
Tl* October Time.
When corn, It* wrapper bursting
To show Ita ponderous ear,
All reaily for the husking
It seems to know fa near—
'Tls October time.
When ruddy apples, swaying,
Thump loudly as they fall,
When hazo of Indian Summer
Spreads magic over ail —
’TIs October time.
WHteri blackbirds hold their concert
In happloat twitter sweet,
When nuts they pick in covert
Fall lightly at our feet---
'Tia October time.
When playful squirrel is whisking
In and out the wood,
And Bob White, in anxious calling,
la "rounding up" his brood —
. 'Tia October time.
V
Of mil the twelve months’ cycle*
Tempeatuoux or serene,
October bears the banner—
Proclaims herself aa “queen."
Sweet October.
—Helen Bailey.
—lron and steel, that barometer of
prosperity, are at the highest mark
known in demand and production.
—"lt 1* as hard to leave lowa In
Oct©bur ax U was to leave paradise
when tbe apples were ripe,” declare#
the Council Bluffs Nonpareil.
—Talk about wills, the only incon
testable one, payable without contest
or expense, and right away, to a good
straight life Insurance policy.
—A German wsaberwoman has mar
ried a count. Hern women become
washerwomen after marriage with a
"no-account,” Simply a difference in
custom, suggests the Tlmes-Republi
can.
—The Marion Itegtoter thinks all tbe
tariff ripper* In lowa would not be
willing to put up a oornl, even for sl,
that a refaction In any schedulo in
the Diagley tariff would cheapen the
protected product or article.
—W. O. Payne, of the Nevada Rep
resentative, to authority for tbe state
ment that thu present state law
against discrimination in the matter
of freight and paseenger rate* is am
ple to prevent Issuing of passes. He
sfys/ tbe law provides both a civil
and criminal penalty.
—Jefferson Bee: The State Agricul-
tural Society hen 833,000 In net profits
on han't an a resalt of the IMS show.
It would be a good/Idea to crest* s
' sinking fond of say half of this amount
to tote available some year when the
weather man give* It to us In the
neck. But they won't do It. They
Will blow in every dollar of this mon
ey and trust to the legislature to make
up tlite deficits, as has oeen done In
the past.
- -The Marlon Register concept s
that Senator Dolliver's recent Dev
Moines address was disappointing to
some people. "He neither advoca’ed
a WMson Oorman tariff or competing
reciprocity and din not say be was
going to shoulder a pick and go out
and tear up the railroad tracks." lint
the Register predicts thst the senator
will continue to have bis mall sent to
Ft. Dodgfa during vacations and to
Washington, Senate postofflee, for at
least ten years to come.
—Burlington Hawk-Kye: The Co
lumbus Junction Chautauqua proved a
groat. success, financially and other
wise. While thin yea r'd program coat
over $2,544, the association cleared
about f 1.540 and wan able to pay off
tui Ita indebtedness and atill bin sev
eral hundred dollars In the treasury.
The secret of the success of the Chau
tauqua is to he sought principally in
tha interest and tne attendance. No
doubt, the Chautauqua will remain a
glittering success In lowa, so long as
the directors see to ft that none but
first-class attractions are placed on
the program. The association which
triea to palm off inferior tnlent on the
public, will wind up udtb a deficit, no
matter how favorable the weather
may be. The people have been quick
to learn, and they will be satlefled
with nothing less than the very beat.
—Mitchellvilla Index: Hon. John
V. Lacey delivered a speech at the
Bloomfield Republican convention
WW.fI.IWU %V* if* w Wwi
the iMtteqj .«t I* ***** to jump
the lime would hoi be hm« rtwferreß
•He* lew* prof****! Wapublicas iud»
ilriswa, like l«*aa Republic** farm
era, would rtww such atai'tartiam aa
w*wi«d amolher the tariff ripping, md
prnetty In competitive products quail
fits In sleep. Reed Major Urey’s
arand speech and bo proud Hist you
have a Republic*!! leader In the
Wtslh low* OMqreeitmsal district,
who la neither ashamed nor afraid
lo stand for * Hepuidloaolsm pure end
undented."
MOW 00 THtV DO IT <
tkmneil Bluffs Nonpareil! High' It
nance, railroad rate* *nd tariff ached
ule* are not the only pebble# on the
beach of reform. Bo insignificant an
atom, In comparison, as the comer
loafer ha* alao attracted attention. In
several of the eastern culm a well-de
fined crusade against the atreet Idler
Is under wsy. This particular reform
ware seems to have Ha greatest vol
ume at Cteveland. in that city they
are actually uprooting these comer
fixture# and carting them off to JalL
What the sentiment of the community
jls, and how the crusaae progresses,
may be gleaned from this paragraph
from the Cleveland Leaaer:
Every wopian and every decent
man in the city rejoices that the
police seem determined to sup
press the corner loafer. Sunday
evening twenty-eight specimens of
this rowdy type were arrested
and the police say they will get
more of them. The corner loafer
is the cheapest, most cowardly
and most despicable or the minor
lawbreakers.
The Waahlngton Star says "the
loafer pest Infests every city" and that
ht I* known there, "In some way#,*
adds the Star, "he is difficult to deal
with, There are two varieties of the
loafer. One is an idle, shiftless and
often drunken parasltt of no particu
lar barm to anybody, but assuredly of
no us© In the community. The other
variety Is vicious, immoral, and if not
criminal, at lease of criminal tenden
cles. Groups of those who congregate
on the atreets stand on the thin line
dividing lawful from lawless assem
bly. They ogle womep and make aud
ible comments that M not insulting in
word, are invariably Insulting In the
spirit In which made." The description
Is ample and universal. Kverywhere,
the loafer is the same, and like the
poor, or even of the poor, he is always
with us.
Aslde from their objectionable quali
ty, tnese people are a study. To the
man who works from early morning to
late at night and then often finds it
difficult to decently feed and clothe
himself and family, it is a never
solved puzzle bow these devotees of
leisure get on.
IOWA IDEA “RECONSTRUCTION
I STS."
Centerville Citizen: There is a
crowd of politicians In lowa revolving
around a common center located at
the capital city, which claims to be
a republican organization, but which
seems to have In view tho defeat of
thy present republican congressmen
from this state as their chief aim n
the coming campaign. They are a
sort of iowa-reconsirucUonlat-Derno
eratlc-anythlng-to-wln crowd of poli
ticians, and the tactics they have
adopted are of such muddy complex
ion as to n*)d a little clarifying.
They are sending out emissaries an
over the state ..no sever*, dis
tricts, watching to catch republicans
at thte capital city am. using every
means possln.e to stir ,up' troubble.
They are striving In each district i
have r„s many candidates brought out
for congress as possible, hoping to
thus mix op matters at such a stage
thst thte present congresmcit may be
defeated and they possibly squeeze In
with one of their candidates. In the
Eighth district they are using every
means possible to stir up trouble,
sentiment against (.olonel Hepburn.
They are striving in each district to
date against him In every count/ in
the district. So far they have suc
ceeded in getting one man to actually
announce himself, but have failed on
many others. They have brought out
several others, but failed to get them
to consent to be candidates. Their
tactics have become so plain that th*
republicans of the district are fully
aware of their scheme* and will not
stand for them. '% hey are giving them
a Mack eye in every county in white
they bob up. Little has been done ate
yet in Appanoose county, but they are
working this way and soon an an
nouncement may be aeen In the organ
of the new Idea, the Register aqd
Leader.,that suet-and-suoh an one
from Appanoose county will be a can
didate for congress against Pete Hep
burn. We have been watching for It
for several weeks and are actually
surprised that it toss not come weeks
ago. But Appanoose county republi
cans are known to be no fools and
that has perhaps kept the "reeonstruc
tlonlsts" out of this way longer here
than In some portions of tse district.
They will come, however, sooner or
Inter. But wntch and see the recep
tion they get. Wonder who they will
put up for the slaughter tn Appa
noose? Wait and see who they can
conjure Into consenting to have their
name mentioned; and then watch and
aee how long it will be before the
victim disclaims all credit for the
A* an entemetwi# rushed hyj
It icß an ed'W I*l fttiMtgmM.
AM • teat wee in ey«
"Ob, why d« you Wbrpf" asked few
Vfiittjim itfwiuF»
*Wbf da r<*« m* Ml quake?
"Recant* that t*ro*»l," bald the other
thank,
“I* like mother need to make ”
—Fuels
""■
'-The Herald t« the only paper in
tow* when# county correspond eats
hate a regular organisation and hold
regular annual tnteilngs and eorlal
gatherings.
-Jasper county wtll have a special
elect ton to vote on the question <r
building a new court house, and It >a
said there really art tome people In
that county opposed to It
- The Keokuk Gate City notices
that the work of retlrtag Congress
man Hull to private life la going on
In the Seventh district with grant en
thusiasm, but no appreciable pro
gress. <
—Davis county Is the envy of all
the <■> untie* In the Sixth district
< » (nil. The voter* down there will
have all the fun. They have au
etection, white the rest of us must
sit by and look on, waiting for next
fail to bring an opportunity to cast
a ballot.
—The Ottumwa school board has
taken preliminary steps towards the
enforcement of the compulsory educa
tional law, which requires that all
Children between tbe ages of 7 and 14
years attend some school at least lb
weeks of the year. It la estimated
that there are over a hundred children
in Ottumwa of schbol age that are not
attendants at any school.
DEMOCRATIC VIEW OF LACE/.
Washington, lowa, Democrat: We
always have admired Congressman
Lacey. There la one republican con
gressman whom we consider an able
honest man. He is a good lawyer and
a hard worker. We are sorry he is
such a foot standpatter, but he has
the same right to think as be does
ae we have to think that a tariff for
revenue to the proper caper. We wish
I,aeey were as atnart as the editor
of the Democrat Is and would belmve
about the tariff as the editor of the
Democrat does.
—The department of the In
terior, which has charge of the for
est reserves, will build a wagon road
next year from Yellowstone park to
Red Lodge, Montana, a distance of
50 miles. Tbe road will pass through
the Absorakee forest reserve end will
add a thousand square mites of th 9
wildest scenery in America to the
park district. The Reserve Is a track
less wilderness of surpassing gran
deur, abounds in wild game and
mountain trout. Among tbe natural
freak* and sight* are the Frozen
Lake .Soda Butte, a giant waterfall,
the Petrified Koteat, Ametnyst Moun
tain and Hell Roaring Canon. Tbe
reserve lies in Wyoming and Mon
tana.
—Governor InFollette of Wiscon
sin, who has been throwing stones
with a free hand at the lowa delega
tion In congress in , his lectures ovor
the state, was neatly called down at
Eldora the other night when a
friend of Congressman Birdsall rone
In his seat and suggeated that such
wholesale denunciation of public men
did not comport with the dignity of
a governor of a great state, and ask
ed him to at least make an excep
tion of Mr Birdsall, in whose dis
trict he was then speaking. La Fol
lette stated that he did not know he
was in Blrdsall’s district and hastily
“took it back” as to Birdsall. Mr.
LaFollette’s “lecture tour” seems to
be for tbe of abuse of the
lowa delegation.
DEMOCRAT CIRCLE BROKEN.
It Is rumored tbat one of the cha ! r*
that has been held down so faithfully
during several years past by one of
the prominent members of the demo
cratic circle that headquar
ters at the Neagle grocery, klrst ave
nue east, is to be vacated in the hear
future on account of the stress of cir
cumstances.
If recollection serves us right,the'*
are but three seats to accommodate
this august assemblage. If the ru
mor of the breaking of the circle Is to
be credited, there snould be a set of
resolutions adopted at the next meet
ing declaring the other seats vacant.
Messrs. Neagle and Cricket are heresy
advised to‘"go thou and do likewise,"
CITY INDEBTEDNKgft.
The following figures are taken
from the report compiled by the cen
sus department aa to city debts,
showing the bonded indebtedness of
the cities of the state which owe
more than |100,004:
Burlington $ 173,000
Cedar Rapids 331,000
Clinton f 142,000
Council Bluffs 321.000
Davenport 276/100
Des Moines 718,000
Dubuque 1,211,836
Fort Dodge.., 106,000
Fort Madison 120,000
Keokuk 234,800
Muscatine 203/100
Ottumwa 131,000
Sioux City 821/100
Waterloo , 106,000
best MfrarttoWi t* t»Jgy „
ft* tor *r MtlWf Ortth***
* * K#t '** »*»'
• Over 4 IHi.wui immigrants arrive!
In the pert of Mew Torn during tasi
*****
*-WUo to standing spnnsor t**r tke
leUhdletl* mtsreptowentattmis of the
low* deiegatlcwf
- The fight between Ramsey sn.l
ttould for control of ttto Wabash rail
way may outr-laal the Insurance war.
—The "max" and “min" tariff pro
posed by th* Chicago reciprocity con
vent ton has been aptly characterised
"the economic jumping Jack."
e gM^kMMMHnMuaMgMMMMNnmgBImMhMmB*w
The Keokuk Gate-City Is of th*
opinion that nothing short of tuo
Thanksgletmfs thhs year will meet
the requirement* of thu case
—"Wouldn’t. It be rather nice to
have an election this fall, just to get
up a little action?" asks the Ottumwa
Courier. Honestly, now, wouldn’t
It?"
—A Missouri paper tears that tbe
pumpkin crop will be short in tne
“black lauds" districts of that state.
The vines grow so fast that tne pump
kins are ruined by being dragged
along the ground.
—The Odd Fellows are meeting
with good success in the circulation
of their petition to the Grand I>odge
for the Old Folk© Home in Uskaloo
sa, but they need more names to the
paper. Are you a booster?
—The Kldora Herald says that Gov.
Cummins would not have one-fourth
aa many non-republican utterances
laid to his charge were it not for hia
fool newspaper worshippers, who are
continually carrying a chip around on
their shoulders.
—President Roosevelt don’t mince
words. He xnld to tne peace commis
sioners: “Settle." He to saying to the
gra f ters: "Quit.” And to the Panama
canal board: “Dig.” And the beat of
It is he means what he nays, "and
don’t you forget it.”
—The Wail Blade concedes
that Secretary Shaw Is an able man,
but thinks he has had oil the honor
hn to entitled to and should now be
willing to step aside snd give sojno
other worthy man a chance. Secre
tary Shaw has resigned, but simply
to go up higher. Perhaps tfio Blade
has not "ltept Us eye on Shav/.”
—The Register and Leader, the Mar
shalltown Tlmea-Republlcan, the
Sioux City Tribune and a dozen or so
democratic sheets In lowa have failed
for a week or more to editorially or by
Interview bring out a "progressive"
candidate In the Eighth district ihai
was sure to defeat Col. Hepburn. Has
the fact that Col. "Pete" s on his way
homo had anything to ao with their
keeping still?
—The rural telephone to accepted
by tbe Des Moines Register snd Lead
er as a great convenience. "When
the country is in danger tbe farmers
can be notified Instantly," remarks the
R. and L. The R. and L. will find It*
"max” and "min" tariff and Its "pro
gressive" reciprocity, etc., put to
sleep by the same contingent when
the time comes. 'They are sate this
fall in misrepresentations bocaun#
there 1* ho election.
—The Cedar Ksplds Gazette of last
Saturday was a 3£page carnival num
ber, and was an edition that the office
and the city should Indeed be proud
of. It is such advertising of Cedar
Rapids that has made the town what
It Is,—one of the most enterprising in
the west. Cedar Hapldn business
houses and men am not af.’ald to let
the world know what they hare to tell
and they are always willing to "Jive
and let live,” and they have been the
galnera thereby.
- Mum rote county has the largest
per cent of negroes of any county in
the tetate of lowa, according to In
formation from the census bureau.
The negroes of that county are 13.3
per cent of the entire population.
The next In proportion Is l Ate county,
with 4.2 per cent of Its population
colored people. Polk has 2.7 ’ per
cent, Wapello 2.3 per cent, Mahaska
2.1 per cent, Appanoose 1.7 percent,
Henry 1.4, Dsn Moines 1.3, Jasper and
Scott each 1 per cent. All the rest
have less than 1 per cent of colored
people except Tama, .which has 1.6.
but this Includes the\ndlan# of the
Tama reservation. There are thirty
nine counties of the state that report
no colored population.
—The Sioux City Journal Illus
trates the New England Idea of pro
tection with free trade in their man
ufactures by telling the story of two
Irishmen with opposing views on so
cialism.
"So you are a socialist, are you,
Mike?"
• I am that," said Mike.
"Do you mean to teli me that Jf
you had two farms you would give
me one of them?"
"I would do that," said Mike.
"And if you had two bouses you
would give me one of them?”
"Sure, I would do that."
"Now, Mike, if you had two goats
would you give me one of them?"
"No sir; I'd not do that."
***" JZ2JJT m
MAJOft lACItV
RS2? U,J \ * lf ' ** l****pmi
The Oedkr Fall# RwmN .dmerve*
that CowfttvMHmtan Lacey lbs charged
with (he mime of deltverieg an old
time Republican speeeh behuw a He
publican parly, convent lon.
The Centerville toweglan eays that
there le ho more outaimkeu cham
pion of eekentlal Republican doctrine*
than Major tmoey,
We have lon* regarded Major Ij»
cey aa one of the worthiest public ser
vant* whotu lowa has contnneted to
current pollUfie," says the Nevada
Hopreirentatlve, "and ths opinion Is
strengthened by hla latest speech."
OIK A LOOS A. .
Gskalooea, fifteenth towa in low*
In la tenth In tbe amount
of pavement upon the streets of the
city. Residents of the “City of
Trees" nave pointed with pride to
the amount of pavement In Oak&loo-
Hft, every foot of It thu best quality
of brick pavement, and although the
cost has been considerable*, the very
fact of the pavement naa been one
of Oskatoosa's strongest claims to
rank as the most progressive little
city In lowa.
The following table, complied from
tbe census bureau report, shown the
number of miles of brick and as
phalt pavement on tiie streets of tn*>
cities mentioned.
Brick. Asphalt
Adel 25
Albla 2.00
Burlington 15.37
Cedar Falls 1.70 ......
Cedar Rapids 16.00 3.00
Charlton 75
Chatsworth .04
Cherokee 80
Clinton 10.00
Council Bluffs 14.66
C res ton ..' 2.00
Davenport 30.60 .80
Des Moines 62.33 9.V)
Dubuque 5.1 ......
Ellsworth 04 ......
Fairfield 1.50
Fort Dodge 4.60 7.00
Fort Madlaon 1.90
Indtanola -U
Keokuk ...’ 3.60
Knowlton 04
Manchester ..... v ,. .60
Le MaMra 1.00
Marion -80
Marshalltown 8.00 4.00
Mason City 1.00 1.00
Muscatine /... 12.16 ......
Newton 33
Oskalocsia 10.03 ....*.
Ottumwa 0.25 .it
Red Oak 2.00
Shenandoah 60
Sioux City 3.66 4.50
Tipton 55 . L 6
Washington ...... .. 1.00 ......
Waterloo 6-66 3,i>o
Waverly 66
Total 290.56 35.38
There are hut eight towns In lowa
Which have paving that Oska
ioooa, according to the table abovo.
They ate:
Miles of
Paving. Population,
Cedar Rapid* .. . 19.00 28,676
Burlington 16.37 25,310
Council Bluffs... 16 66 25,226
Davenport ....... 31.30 39,374
Des Moines .... 71.33 75^28
Muscatine 12,16 16,046
Ft, Dodge 11.60 14,692
Marshalltown . .. 12.00 12,052
Oskaloosa ...... 10.03 10,108
SEED CORN.
Much has been said on the subject
of seed corn. Seed corn special trainn
havt crossed and recrosWßd the state,
and from these trains the gospel of
good seed corn was preschd. It was
all good, it was all practical, yet
there Is more to follow. The Idea
was advanced that the farmer, wfto
paid the closest attention to his teeod
corn would profit largely by this com
paratively small expenditure of time
and labor. The farmer was advised
to select his seed corn and use none
but the best. But science has just
begun to interest berself In the seei
corn proposition. And so tbo recent
months bare elaborated upon the or-'
Iglnal program, havl made the theory
more practical. It is now suggested
that we have a Seed Corn day, ms
we hav« sn Arbor dsy, and that Oc
tober 10 be set aside tor the purpose
of gathering tne very best acted corn
and banging It up to dry and season,
whtere the germ is not in danger of
being Killed by severe frost. And It
is further suggested that the day be
celebrated by the farmers of lowa an
nually hereafter on the second Tues
dayof October. The same objection
might bte rahsdil that ha# been urged
against .Arbor day, and that is that
the state Is too large, extending 200
mtlee north and south, to have one
day. the season be propitious
In one section of the state It would be
too early or too late In others. But
that is a minor consideration. The
main thing is that the seed corn
be gathered and tnen hung up to dry
and season ere the withering frosts
sweep over the prairies of lowa.
In this connection Prof. P. O. Hol
den says: "If every ear of corn that
la to be used for seed in lowa next
year could be harvested this fall not
later tnaa October 10, and bung no
where It will dry out thoroughly be
fore the hitter cold freeses of Novem
ber, it would add millions of dollars
emdelkm. the AailcttHwrel Freae, etn
says lilts doe* mo urgently
request t«at th# farrow*, httainras
men and the pr#*e use their etmnnt
Influence to mstahHeh the second! ,
Tueeday in Ocltdter to be known an
nnally a* Semi Ctora Ijarveat Day.
And that the fermere of Inw* will
mdehram that dsy hy going Into the
host of their fields and harveetlng
their seed corn according to Ftofhm
ton Holden’s suggeftton. I* connec
tion herewith H may be in order to
again quote Professor Itoiden as fal
lows :
us go into th# best and earl
lent planted fields and neteet well-ma
tured ears from the moat vigor
stalks, strip off thwlr busks and hang
In the attic at once where the circu
lation of air Is good and protection
Is had from the cold fret'slng weath
er of November and December. On
the 228,000 lowa farms an average
of about forty acres Is devoted to
the growing of corn, and while six
bushels of goou seed is sufficient to
plant this, let us abundantly provide
ourselves and save two or three times
this amount, as some parts may call
upon us to replsnt, or our neighbor
may bo needing some steel. Remem
ber it takes only about a dozen ears
to plant au acre. Each ear should
have special care.”
EMERGENCY CURRENCY.
St. ixiuls Globe-Democrat: Llko
everybody who has given any thought V
to the subject, Secretary Shaw la
ments thu want of elasticity in the
national bank note currency. Being
based on government bonds, this cur
rency is necessarily rigid in it* pro
portions. It is slow in responding to
thu changing needs of seasons and
localities. At tne present moment,
and every year at this time, Hn addi
tional amount of currency is needed
In moving the crops from the prod je
ers to tbe consumers. In a time of
normal acth tty, like 1906, there is -vet
to be some pressure for money on this
account In the fall and early winter
months. In the spring and early Hum
mer, this niatr.butlon navng been ac
complished, money ordinarily becomes
too abundant for Duslness needs, and
It drifts in large amounts to tbe I.
nancial centers, finding its way finally
to the country’s ultimate reserve cen
ter, New York. The problem of mak
ing the volume of the money automat
ically expand and contract to meet
these varying conditions nas long ex
ercised the minds of financiers sad
statesmen, and many remedies 'rave
been proposed.
In his address at Cleveland txrfote
the Ohio bankers’ association Sece
tary Shaw suggested a plan whi 4s.
though not entirely new, is sufllcient
ly different from most jf the schemes
put forward In recent years to *ltr«:t
attention. Hu rejects asset cu.
and emergency currency, as these
terms ate commonly understood. He
also opposes the use of clearing house
certificates, which ho says ji nearly
as bad, In principal, as the free coin
age of debased silver. The secre
tary’s plan to contribute a little elas
ticity to the circulation Is to allow
the national banks to issue addition
amounts of notes, in excess of the
amount secured by government 'bool*
but not beyond 50 per cent of <ho
bonds, these notes to pay a tax of b
or 6 per cent to the government for
the time they are out, und the govern
ment, In consideration of this tax, to
guarantee their redemption. Tbe lew
issue of notes need not be »nown to
anybody except the comptroller of the
currency and the banks issuing them
and the hanks, under the pressure of
thu high tax, would promptly with
draw them after the extra demand
ended.
a Of course, as the secretary coned
i* es, this would toe a sort of an emcr
o gency currency, though not the sin i
i which he referred in condemnation.
» His high position In the government,
t and tne certainty that he will urge
i this plan, or something along the
t same lines, in nis forthcoming repent
to Congress, will command for it a
r good deal of consideration by the
1 country. The evil which the ifecre
s tary complains of is embarrassing.
<* Yet tne problem of combining elasu
e city with absolute and unquestioned
s sa/ety is difficult. With all the db
i. facts, real and Imaginary, which have
f been charged against the national
t banking system, the currency which >t
» provides is as good as any which the
i- world affords. It is tne best currency
>- which the Unitea States has ever t
* had. Moreover, It is growing con
-1 stantiy In popularity. A prodigious
t increase tn its volume has taken
& place since the act of 1900, which al
« lows banks to lssup currency to the
» par valne of the bonds, and which per
:i mils the establishment of banks with
t a $25,000 capital in tab small towne.
® The rural districts of the West and
i South have availed themselves large
ly 1 y of this conccssb n, and a largti
» number of new banks .have been crea
ted in the past five years. The 5557
- national banks, with a circulation of
t $470,000,000, are an exceedingly val
t trable element in the country's assets,
t and any intelligently devised plan to
i work an improvement in them de
|* serves the attention of the people.
• inch M Secretary Shaw's scheme
i will receive.

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