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-ADVERTISERS WHO DEMAND RESULTS
FIND THE I ERALD INDISPENSABLE VOL. XXII DEPOSIT INSURANCE BANK DEPOSITORS MUST HAVE ASSURANCE OF SAFETY. The Plan for Government Guarantee of Hank Depositors Outlined. Panics Would be Avoided by Mak. ing Depositors Perfectly Sure of Their Money. There being as yet no organi/, i:ion be hind the movement ior bank-deposit in surance, no specific plan has been put forward with any show of authority. \Vhile the principle is simple enough, • here is naturally considerable diversity of view as to the best 'method for its ap plication and as to the safeguards which should be provided by legislation. Re ferring now exclusively to national banks, prevalent opinion is fairly well agieed upon the following outline of a measure designed to create a system of compulsory mutual deposit insurance by national banks under government control. It is proposed that congress si.ail by suitable legislation, to be administered by the comptroller of the currency, ad vise! by the secretary of the treasury, provide for an initial aeseessment to be levied and collected upon the capital stock of all rational banks, equal to a specified percentage upon the average deposits of each bank for the preceding year. Tnis assessment will be collected annually for live years, at the expirition of which time the insurance or guaianly feature of the law will be in opeiation. The proceeds of the asaersnieuts re ferred to will constitute a national bank deposit guaranty fund, tube held in the custody of the treasurer of the United States and used for the purposes of the law. From this fund, whenever a na tional bank fails, its depositors will be paid in full as soon as their claims can be duly verified. The comptroller of the currency, as now, will take over the estate of the failed bank, liquidate its affairs, enforcing if necessary the stock holders' liability; the proceeds of the liquidation will be devoted, first, to pay ing the cost of settlement, and, second, to making good the guaranty fund for the draft made upon it to pay depositors; the surplus, if any, to be paid over to stockholders. In case the bank assets should fail to recoup the guaranty fund, the resulting deficit in the fund will be covered from future assessments to be levied when the fund falls below a speci fied level. Under such a plan the government evidently incurs no pecuniary liability whatever, and only such outlay for clerical service as may incidentally at tend the custody of the guaranty fund. On the other hand, the integrity and sufficiency of the guaranty fnnd is at all times a-sured by the power and duty of the comptroller of the currency to keep that fund intact by any required number of successive assessments on all solvent national bankt. In this way the guaran ty fund is rendered adjustable to any aggregate of bank losses, whether greater or leis than anticipated. One conclusive check the government would have on improper banking would be its power publicly to withdraw from any unfit bank the insurance privilege, after due and unheeded warning and admonition. The present system is a scourge to the banks themselves. Every panic leduces their net earnings by a large percentage for a period of years. No one has more reason to dreamt a money panic than has the bank manager. To him at least it is purgatory. The present impracticable banking system, especially since the panic of 1907, stimulates and tends to compel and render universal and permanent the evil habit of private hoarding, with its dan ger to property and life through robbery, its withdrawal of vaßt sums from the banks and the channels of business, and its discouragement of thrift by savings. Deposit insurance would remedy all this. It would bring out many millions of dol lar! from places of hiding and thus swell bank deposits and benefit the whole com munity. This gain alone would mora than compensate the banks for their trifling contribution to the annual cost of deposit insurance.—From "Shall Bank Deposits 15e Guaranteed?" by General A. 15 Nettletou, in the American Review of .Reviews for March. For Diseases of the Skin. Nearly all diseases of the skin such as eczema, tetter, salt rheum und barbers' ltch (i are characterized by an intense itching and smarting, which often makes life a burden and dis turbs sleep and rest. Quick relief may be had by applying Chamber lain's Salve. It allays tho itching and smarting almost instantly Many cases have been cured by its use. For sale by Evans Drug Co. ABERDEEN HERALD THE TIDEIAND FILL ATTITUDE OF THE LOCAL PRESS ON THE QUESTION. The Herald Stood Alone in Opposf tion to the Scheme Prom the Start. Both the Other Papers Thought Proper to Support It Be cause II Seemed Popular. Now that the visionary scheme to begin the filling of Aberdeen's tide lands at the cost of suburban proper ty has been put to sleep, it may be possible for the council to evolve a plan for filling streets—not lots— that will be founded on business sense and will meet with the approval ol the people. If so, some return may be had for the large sum of money expended in exploiting the defunct measure, in engineering and other expenses. It is interesting to note the atti tude of the local press on this most important question. The Bulletin devoted columns to its. support ever since it was mooted last summer, and is now wondering how it came to do so. The daily paper evidently wanted to be right., but the slogan of the schemers, to "fill the lands, and be progressive," carried away that pa per, as well as many others—includ ing councilmen.—who failed to look into the proposition. The Post was its most rabid advo cate, and is really hurt that its pet scheme failed to come through, as will be seen from the following wail emitted in its last issue: "The sonorous chant of the frogs in the very heart of the city may be music that appeals to an old duck hunter like Landlord Gibler, one of the strong opponents of the fill, but there be people with homes on the flats who would ep;oy having streets, lawns and garder . It is but a ques tion of time." The Herald, which has ever advo cated all reasonable Improvements for Aberdeen, took the unpopular, Hut correct view of this plan from the start, and is now in position to in dulge in the pleasure of saying, "We told you so»" This attitude is shown by the following editorial, printed August 29, 1907, the day after the council adopted the silly resolution: "The adoption of a resolution by 'the city council last night providing for filling the tideflats, is all right as a means of finding out the cost of such an improvement, but as a satis factory measure, was the work to be done according to its terms, it can hardly be so considered. "In the first place the estimated cost is more than double what the property affected should be required to pay at present valuations. This estimate is based on a three-foot fill at the price made by the American Dredging Co., 16 cents per yard. This figure is too high. The company has taken a contract from the govern ment to take this earth from the river bed at 15 cents per yard, and must dispose of the debris. Five cents per yard would leave a profit after paying the cost of piping to the land to be filed, besides saving the cost of carrying the earth to sea or elsewhere, so that for 8 or 10 cents per yard the company would net a neat sum. "Again, the estimate is on a three foot fill, which might well be reduced a foot, to allow for gravel and pav ing in the future to bring it up to grade. The grade south of Market street might be lowered so as to give better drainage to surface water, and the streets in the fire district should be included in the fill. There is no good reason why this land should not bo filled high enough for all practical purposes for a sum not exceeding $75 a lot." BRAKEMAN KILLED. C. R. Kirkland Crushed to Death at Melbourne. Monteasno, March (i.—A fatal acci-1 dent occured at demon's camp near ' this place yesterday morning, by which j C. R. Kirkland, a brakemau on the log- I ging train, lost his life. There ueie no eye witnesses to the ac cident, but it is supposed that the man ! went between the cars for the purpose of coupling them and was caught and his body crushed. The disappearance of Kirk land was noted and after some time had elapsed the engineer and fireman of the train instituted a search for the man, with the result that his dead body was found on .he track with one leg entirely severed from the body, which was hor ribly crushed and lacerated. Death had evidently come instantly to the uufor tunate man. The young man was about 24 years of age. SEMI-WEEKLY ABERDEEN, WASHINGTON, MONDAY. MARCH 9. 1908. PROGRESS IS SLOW RESTORATION OF BUSINESS CON DITIONS REQUIRES TitfSE. Although Natural Conditions Are Good Throughout the Nation, Un natural Causes Produced Panic, and a Process of Readjustment Must be Undergone. Commercial conditions may be likened to an automobi'e with a loose clutch; there is almost every indication that a rapid forward movement is imminent, yet progress is slow. Fuel is abundant in the shape of easy money, and the en gine is working freely to all appearancep, while depleted stocks of goods suggest that the wheels ought to be turning rapidly, but somehow the transmission of confidence is not quite right. How ever, so much improvement hasoccmred from the point of greatest depression that there is good reason to anticipate further gradual gams until the wheels of industry hum once more. Convalescence must be slow after so severe an illness, and it is one of the best signs that con servatism dominates the situation. Duriug the past four months the coun try has gone through a process of re adjustment in nearly every department. Prices of commodities have declined steadily, even the grain and cotton mar kets sharing in the downward trend to ■ome extent, although relatively less than many other products because of the support received from urgent foreign re quirements. Wages have resisted most stubbornly the general tendency, and the army of unemplojod has assumed alarming proportions at several manu facturing centers, although wildly exag gerated stories have been circulated for speculative effect. It is announced by the heads of the trade unions that all propositions to reduce wages will be fougbt, yet labor will not be immune from the effects of tlie setback, unless, of course, prosperous conditions return very quickly. White it is possible to discern many evidences of distinct improvement, it would be over-sanguiue to hope (or a large volume of business until after the nominating conventions in June and July. Political uncertainty is most un timely in conjunction with all that has happened, aud it is conceivable that the uominations may not remove that ele ment of uneasiness, although some of tlie best judges believe that there will be no cause for anxiety after the candidates are chosen. Others are equally confident that uncertainty will continue uutil elec tion. —From "The Outlook for Business Recovery," by II.; O. Watson, in the American Review of Reviews for March. PRECINCT COMMITTEEMEN. Citizens Party Announce ComiHltec men to be Voted On Tomorrow. Under the primary law, each party in the field selects its oilicial committeemen fur each ward and precintatthe elections a place being provided on the ballot for writing the names. Under this pro vision, the Citizens' party has announced the candidates for those positions as fol lows: First Ward, First Frfcinct, R. R. Foy. First Ward, Second Precinct, (jeorge Turner. Second Ward, A. S. Brecht. Third ! Ward, Will Tamblyn. Fourth Ward, M. iM. Bacon. Fifth Ward, M. E. Lucas. I Sixth Ward, F. E. Jones. BEHIND THE SCENES. LIST OF BUCK CATS Manager lirown is Signing Up a Hunch of Pen nant Winners lor the Baseball Season. Manager Brown, of the Aberdeen baseball team has a line on twenty seven men for the coming season, each'of whom is a star performer, and with President Macfarlane went to Tacoma today to attend a meeting tomorrow which Is to arrange the playing schedule for the season. The following is a list of the men engaged so far, for whom the team will be selected: Catchers—Stul) Spencer, Dick ISoet tiger, Frank Lumley, Tom Judge, (possibly McNamara from Albany, N. V., who will come if he can se cure his release). Pitchers—Dode Brinker, J. G. Thompson, Con Starkell, E. Califf, Chas. Moore, Jack Hickey, Grover Boyle, Carl Spongberg, John Mur phy. Inflelders—Julie Streib, Andy An derson, Charley Moore, Will Camp bell, George Fitzgerald, Anson Mott, R. P. Brown, Gloukner. Outfielders—E. E. Van Buren, Gene Mahon, E. E. McNiven, Roy Russell, Dick Boettiger. THE YAKIMA COUNTRY. Pormer Aberdonian flakes a Strike in Yakima Lands. The enormous yields of lands in the Yakima country is attracting the atten tion of a good many Aberdeen people, and there is likely to be au exodus uf those who desire to invest and make money on the quick rich plan. It is stated that George Todd, formerly of this city, and two of his brothers who invest ed $6,000 in one thousand acres of Yaki ma lands six years ago, have made a for tune by the tale of the property at $200 an acre. The Herald twlca a week tellf"lt all FINE OF $500 AND SIX MONTHS' IMPRISONMENT Section 32 of the direct primary election law of the state of Washington says: "Any person who shall solicit, request or demand, directly or indirectly, any money, intoxicating liquor, or any thing of value, or promise thereof, either to influence his vote or to be used, or under the pretense of being used to procure the vote of any other person or persons, to be used at any poll or other place prior to or on the day of any election under this act, for or against any candidate for office or for or against any meas ure or question to be voted upon at such election, shall be guilty of a misdemeanor, and upon trial and conviction thereof, be punished by a fine of not less than $10 nor more than $500, or by imprisonment in the county jail for not less than thirty days nor more than six months, or by both such fine and imprison ment. " . PRIMARY ELECTIONS The New Primary Law Will be Tried Out In Aberdeen Tomor row. Registra lion 1,527. The municipal primary elections will l)e held in Aberdeen tomorrow under the law passed by the last session of the Ifgiwlature, and already numerous de -1 feels are found in the law—although it is admittedly superior to the old method of : nominating caucuses. In voting tomorrow, the voter will find two tickets, Citizens and Republican, and must call for the one he desires to vote, and, should his intention lie chal lenged, inay have to make oath that he intends to affiliate with that parly at the ensuing election. This feature of the law defeats the real intent of a direct primay law, and peimits the boses to re tain much of the power that should be returned to the people. If there waa but one ballot with the names of all candi dates upon it—the same as the regular eleltion ballot—there would be perfect freedom of choice. The air is charged with all kinds of rumors of various tricks that will be at tempted tomorrow fostered by the "ma chine," for the purpose of casting the law into disrepute. But, the act, though weak and incomplete in many particulars, will be defended by all who desire free dom in elections and the aboiltiou of boseism. The registration books closed Saturday night until after the primaries, with a total registration of 1,527, divided among the wards as follows: first Ward, Ist Precinct 87 " 2d " 101 Second Ward 234 Third " 278 Fourth " 188 Fifth " 335 Sixth " 304 Total 1,527 Wanted. Fir and Spruce stave bolts. For in formation apply or address Western Cooperage Co., 43-tf Aberdeen, Wash. THE RECEIPT OP A SAMPLE COPY IS 7 AN INVITATION TO SUBSCRIBE Tjyj DOING THINGS WEIL AILADV WRITER SATS CULTIVATE A LOVE OF EXCELLENCE. Some Excellent Advice Particularly Applicable to Young People, But is Worthy tl»e Consideration of All. Avoid Slovenly Habits and Incompleteness in Your Work. [Written for the Herald.] It is feurprifing how the mind and character expand and grow upward by the application of this stimulus. Nothing has more to do wiili forming a etiong character and ability of a high order than constant cultivation of a love of excellence, a determination to do to a finish whatever we undertake. It is not enough to do a thing pretty well; it should he done as well as it can be done. "Oh, that is good enough !"' lias been the unsafe stone in the foundation of many a life which has caused the building- to topple. A habit of incompleleness formed when voung is the secret of innumerable fail ures. Cultivating an upwatd tendency in all that we do, and holding steaiiily a high ideal in the mind, is a perpetual stimulus to do things better and better, a daily incentive to a love of excellence. A habit of h■»lf doing tilings, or of do ing ihem in a slipshod manner, will soon leave its demoralizing mark on the char acter. The mind soon becomes accus tomed to lo* ideals, and little by little the tiue edue of conscience is blunted. ihe world wants your best, and you should resolve early in life never to give anything hut the best of which you are capable. I'ut your best thought, your best energy into everything you do. \ our life is worth too much to be thrown away in half doing tilings, or botching anything you undertake. There in it great satisfaction in doing tilings just right. It is a perpetual tonic to feel each right that you have not beet* Blighting things during the day, that you have done everything you attempted just a* well as it could be done. I'his sense of completeness, of things well done, has a good influence in strengthening the character, and bringing all the faculties into harmony, in qualifying us for better and higher woik. If the character of criminals, of tramps, of the great army of unemployed and side-tracked people were to be analyzed, it would be found that most of them have been accustomed to half do things. It is very seldom that a person who does whatever lie undertakes to do as well aa it can be done, who does not slur over his work, is out of a situation, unless ho possesses some other serious character defect. When an employer wishes to promote any of his clerks he always looks for the one who does his work in the most com plete and satisfactory manner. This is usually the great test of fitness. Every employer dislikes slipshod and slovenly methods. He wants orderly, systematic, painstaking employes. Doing things as well as they can be done is not only the quickest way to ad vancement, but it has a very great influ ence upon one's character and self respect. We should never allow our« selves to get into a habit of half doing thirds. If we were to ask employers all over this country what, in their opinion, is the greatest impediment to the advance ment of young people, I believe the ma jority of them would say, "The habit of half doing things." The boy who half learns bis lessons, who skims through his examinations* who is slovenly in his liahitß, lacks sys tem and order, who does things in a half hearted way, is almost sure to be a fail ure in life. The habits formed in boy hood characterizes the man. It is the accurate man, the painstaking man who is exact, who attains the highest success. Adopt this motto: "Perfection to the finish." N. E. B. Mr. and Mrs. J. D. Crarv Preparing to Occupy Their Bungalow. The attractive bungalow built by J. D. Crary, at .Second and K. Btreets, is fin ished and Mr. and Mrs. Crary are yet ting settled. This is one of the smaller attractive residences in Aberdeen, and is modern in all respects, having ample closet room, a large bath room, a pretty kitchen and a big living room with a fireplace made of small cobblestones. The large rooms are paneled five feet high and the sleeping rooms are larne and airy. Mrs. Crary takes special pride in the kitchen, which is on the east Hide of the house, and is finished with blue walls and white woodwork with hard varnish. Adjoining the bungalow of Mr. and Mrs. Crary is the bungalow for Architect and Mrs. Troutman, nearing I completion. No. 52 READY PGR OWNERS.