Newspaper Page Text
Wednesday. April 6. 1910.
w. Your 1 clSt e Maybe You Think You're Hard to Please or Hard to jit. Tv T rat ilVvP v m w ' UovfoCR . . f i;,'i Vzetor That doesn't frighten us, because we have more than enough of good things in clothes to satisfy all men, and we know the kind of clothing yon like. Our stock of clothes includes all sizes. If you're built on human lines we can fit you every time, which is more than most tailors can do. Try us for style, fit and price. G-et your boy's suit here you'll get the best. How about your neckwear, shirts, hats, under wear, trunks, leather goods? "Whatever may be your needs we are at your service in flnegoods. iOSll s umen At the Blumenthal Corner. EVERYTHING TO WEAR FOR MEN AND BOYS petition- of the Reichsbank, and was this change of policy made because of vany agitation? A. Xo: there were no complaints by private banks. The lo-west bank rate was still higher than the rate of the otirer banks." "Q. Is the Reichsbank disposed to favor every application for discount or loans if the character of the offering be satisfactory? A. It Is their duty to listen to everyone who comes for ac commodation, whether he has an ac count or not. The principle of the Reichsbank is not to serve a part of the community, but the whole. The Reichsbank is for everybody." Hoir Government Aid. How the government is aided with temporary accommodation to tide over periods of deficient revenue was set forth as follows: "The government deposits treasury bills with us for safekeeping. They also deposit funds with us as a private firm or bank might do. If they withdraw or their credit runs low, we usually purchase from them treasury bills, cred iting their account with the proceeds. "Q. "What rate do they bear? A. They do not bear a fixed rate, but are dis counted as any other 'bills. "Q. Is there an exception made in the rate to the government? A. Xo. "Q.To any other institution or per son? A. Xo. "Q. Vhat are the relations of the German government to the bank in the conduct of its business? What i required of the bank? A. First, the bank has to regulate the circulation of money, and, second, it has to handle the giro or transfer business and to make payments for the government, as well as to receive the sums due to the same, wherever branches of the Reichs bank exist. ' "Q. Does the government dcsopit in the different branches of the Reichs bank? A. Tes. Every department of Hit government has its own account and is treated the same as any other customer. The Reichsbank is the fiscal agent of thi imperial government, an 1 they d everything that is required without compensation. "Without being obliged, the Reichsbank might head a syndicate for taking over a government loan." On the question of the contingent note issue, under a special tax of 5 per cent, which has attracted so much at tention In the United States, the policy of the bank in supplying the market v.'ith the amount of notes required, without regard to the discount rate to the public, was discussed between sen ator Aldrich and his associates on the one side and the bank officers on the other, as follows: Discount for Bills. "Q. Do you always charge a higher rate of discount for bills when you have a large amount of taxed notes out standing? A. Xo. On occasions the Reichsbank has not increased its rate of discount above 5 percent- At times we have discounted even at 3 percent, when we have had to pay a tax of 5 percent. "Q. It has been suggested lo'us as a matter of policy in times of stress that it would be better for you to add the 5 percent tax to the rate of discount. A. The Reichsbank must be considered in the first place as a public Institu tion which has to take care of the pub lic interest, and that it is secondarily a money making institution. "Q. Is there any connection between the rate of discount and the issue of taxed notes; in other words, could there be a condition of affairs where the rate was 6 percent and there were no taxed notes outstanding? A. Yes. That has happened. The fact of the Reichsbank having to pay a tax at cer tain times does not in itself influence the rate of discount. The directors de cide whether In their judgment the conditions warrant or require the rais ing of the rate." It was further explained by the offi cers of the Reichsbank that foreign bills or exchange could be used as a (reach baseb i fefSlflllllliK raliSsJa I Jlkftsik. ATOM "i TT i . 'zmm$m' s&w&rij$ '" 1 1 I j Mraf i H DETHOITS 5FSE7VT PITCHES SSBlSSElir "2SF 1 The World's , Pf 1 Best Pitchers jM 1 i Recommend . Mm &: m MJ&w TgZgjjji 1 "Rrn Wwa z.et ! vJtfi I. - Balls ,- ' ML 1 1 -Jwimu'Bfa HI ALL GOODS " -AJMOThfE: XST7?OIT S37:7JX.! r Zjr?jXJ E2 LET1C 5" STA j uarantee Every Piece of Reach Goods That ; We Sell 1. 4ftf?C: OUR STOCK -IS NOW COMPLETE xirs.. J.J.J. vx-i-i, as xu.y ojjfcia.i jvu.s uul in STOCK Will De I sent direct to you from the factory. I INTERNATIONAL BOOK & STATIONERY CO Herald Buiiding', El Paso, Texis &WMte , LIO ELEC TBI OFFICE! School Trustees Are Also Elected Saloon Re-' mains Closed. . generally conceded that a prohibition election will carry a bjg majority for prohibition. OWNER OF C03M0XW3AITH MILL DIES IX LOS ANGELES Alamogordo, ?C. !M., April 6. The election for Alamogordo village officers resulted as follows: Byron Sherrv, mayor; H. W. Park and H. S. Evans trustees: Alf TTnnrfir lorV- Prncnor. part of the security for note issue, but fcnerry, attorney; R. B. Armstrongr, the notes -were never treated as an as- j treasurer; Frank TVhittlngton. marshall; set.. Upon this point the following col- S. H. Nimms. night policeman. The United States Monetary Commission Makes Public Data G-athered in Its In vestigation in Europe. "Washington, B. C, April 6. The na tional monetary commission issued to day Its volume, "Interviews on the Banking and Currency Systems of Eng land, France, Germany, Switzerland, Scotland and Italy." The interviews, in question and answer form, recite clear ly and concisely the essentials desired by both the ordinary reader and the expert student of banking. Especially entertaining Is the account of the Ger- Helpful Words From an EI Paso Citizen. Is your back" lame and painful? Does It ache especially after exer tion? Is there a soreness in the kidney re gion? ' These symptoms Indicate weak kid neys. There is danger in delay. "Weak kidneys fast get weaker. Give your trouble prompt attention. Doan's Kidney Pills act quickly. They strengthen -weak kidneys. Read this El Paso testimony. Charles Vollertsen, 215 "W. Xevada street. El Paso, Texas, says: T have used Doan'iS Kidney Pills, procured at Kelly &. Pollard's drug store. In my family, .for. the past four years. "We have tried several other kidney medi cines, "but Doan's Kidney Pills is the only one that has given me prompt relief. I can recommend them highly to anyone suffering from kidney trou ble." For sale by all dealers. Price 50 cents. Foster-Milbum Co., Buffalo, New York, sole agents for the United "States. Remember The name Doan's and take no other. man system, in -which is set forth the manner in which the Reichsbank, or Im perial Bank of Germany, endeavors to aid German commerce and to hold the halance even between different types of borrowers. This interview took place between senator Aldrich and his asso ciates of the commission in the sum mer of 1908 with two of the leading officials of the Reichsbank Herr Dr. von Glasenapp, vice president, and Herr Dr. von Lumm, director. Searching questions were asked by senator Aldrich and his associates of the commission, to which the officers of the bank made brief but Instructive replies. Discussing the question of the character of the business of the bank, it -was declared "the Reichsbank is not only a bank for banks, but for the com mercial and industrial enterprises of the empire." It was declared, however, that the la-w prescribes exactly the kind of bills the bank may take. They must not exceed three months in time and there must be on the bill the names of at least two parties known to be sol vent. Discussing the uniformity of dis count rates at the bank, the following colloquy occurred: Questions and Answers. "Q. "Would a customer in a little town in south Germany get his bill discounted at 4 percent today? A. Tes; and at every branch of the Reichsbank. "Q. Could anyone get a lower rate than 4 percent? A. No; the Reichsbank has only one rate of discount. There was a time -when the Reichsbank did a similar business to that -which the Bank of England does now, I. e., that loquy occurred: v "Q. According to j-our weekly state ment you carry none of your own notes as an asset? A. No. "Q. They are merely held here and in your branches, "in store and only re garded as issued when paid out? A. Yes; they are considered as issued only when out of our possession. "Q. But a note in the hands of the Deutsche bank -would be an issued note? A. Yes. Bookkeeping: System. ""Q. "What is the system of bookkeep ing, If a man deposits today a Reichs bank note of 100 marks? A. The Reichsbank would credit the man 100 marks and deduct 100 marks from cir culation. "Q. The item, 'Issues of other banks' are those the notes of the four other banks of issue? A. Yes." Upon the measure which is relied upon so largely by the European banks to protect the gold stock of the coun vtry, the question, "What steps were taken at the time of the panic of 1907?" led to the following discussion: "Q. You must have taken some steps to add to your gold at that time. "What step did you take? A. "We increased the rate of discount- We consider that this measure Is the only effective one. "Q. How high was the rate at that time? A. Seven and onehalf percent. "Q. If this increase had not been suf ficient, you would have further in creased the rate? A. Yes. "Q. Do you also loan money without interest to people who are Importing j gold? A. Yes; that is done. We make advances without interest Ito Importers for the time the gold is in transit. We do that even in times when the ordi nary gold Import point is not reached. "Q. Are there any other steps taken to increase the import? A. Well, be sides granting loans without interest on gold imports, we may raisa at such The candidates for mayor and trustees had no opposition, but all other candi dates had opposition. There were six candidates for marshall. This was the first regular election for Alamogordo since incorporation, as the election of February 28 was by special order, in augurating the government of the Til lage under the act of 1909, No. 117. The chief Interest in the election was for marshal, there being so many can didates. The real surprise of the" elec tion results was the election of Pros per Sherry for village attorney as he was in no wise a candidate, while his opponent, F. J. Bush, was unanimously nominated by the mass meeting of last Saturdaj The election for school trustees for district No. 1 resulted in the selection of C. W. Morgan. W. R. Cunningham and T. A. Frazer. Saloon Remains Closed. Alamogordo's only saloon remains closed rather than pay $3000 village li cense. It is believed that if the saloon pays the license and reopens that a pro hibition election will be held, as the clos ing of the saloon by the proprietors, rather thah pay the city tax, has awak ened the prohibitionists and they will endeaor to keep It closed, and It is D. T. Swatling; AI-o Owned Courtlana Telephone Company Courtland Wants a Restaurant. Courtland, Ariz., April 6. Word has been received here that D. T. Swatling died at Los Angeles after-a long ill ness ilr. Swatling was one of the principal owners of the Commonwealtn mill at Pearce which burned recently. He was also president of the Courtland Telephone company and was well known in Arizona Mr. and Mrs. J. T. Hazard have gone to their home at Evert, Washington, after a year in Courtland. A strike of high grade cuprite ore is reported in the Germania mine of the Calumet & Arizona. This mine is .ship ping 100 tons daily to the company's smelter at Douglas. Courtland wants a good .restaurant and will make it an object to the right person. MftAAWWMAAAftAAM ' " Jj First National Bank United States Depository Capital and Surplus, $600,000.00 OFFICEES AvTD DIRECTORS: "W. W. TURXEY, Chairman. JOJBHUA SATXOLDS, President. James G. McNary, Vice-Preaidenfc. Walter M. Bntfer, Asst CasJner Jno. M- Eaynolds, Vice-President. Francis B. Gallagher, Asst. Cashier EDGAR W. KAYSER, Cashier. , Assets - - - $4,500,000.00 WE SOLICIT TOTJB BANKING- BUSINESS MRS. LOMAX GETS VERDICT IX THIRD ThlAI, OF SUIT. Mrs. Alice Lomax, defendant in the suit in which Mrs. Melissa Comstock sought to secure an order setting aside the sale of her old homestead, secured a verdict in the 41st district court Tuesday evening after the jury had been out six hours. I This is the third time that the case nas ueen xnea, ana it is probable that j another appeal will be taken. If you are not satisftpit nftor vto? according to directions two-thirds of a! Dome oi tjnamDenain's Stomach and L.iver Tablets, you can have your mon ey back. ..The tablets cleanse and in vigorate the stomach, improve thej di gestion, regulate the bowels. Give.tB'Bm a trial and get well. Sold by all dealers. Any kind of sausage you want, manu factured daily at Robinson's Market. J, C. Pej'ton, successor. C. R. MOREHEAD, President. v GEO. D. FLOHT, Cashier. JOSEPH MAGOFFIH, V. Pre C. H. BASSETT, Yice Pres. L. J. GILCHRIST, Asrt. Cash. State National Bank ESTABLISHED APRIL, 1831. CAPITAL, SURPLUS AND PROFITS, $175,000. A Legitimate Banking Business Transacted in All Its Brandts. HIGHEST PRICES PAID FOR MEXICAN MONEY. I Back they would purchase in the market prime bills ax a more favorable rate. um ""Puris, e may mi t o but In 1896 it was decided to have "me,s our. ,tari for h Pufchase of but one rate for everybody. Q. Please state the reason for the change of policy. A. The most impor tant reason was that it was thought that a great central institution like the Reichsbank, with its tasks and duties to the whole of the community, ought not to make a distinction of any class, or make an exception In favor of any one- It is the pvolicy of the bank to serve all alike. "Q. Was there any question on the part of the other banks as to the com- ii II ALFALFA " ' ' -- AND FEESH FIELD, GABDEN AND FLOWEB SEEDS CAI5L Off OR WRITE T O. Q, SEETON & SON. THIRD AND CHIHUAHUA STREET DEALERS IN HAY, GBAIN, FLOUB AND FEED foreign gold coins, as the Bank of Eng land does.. "Q. Pay a higher price? A. Yes; but this Is not important. The real remedy is to raise the rate of discount, besides selling a certain amount of foreign bills." DEMING BANOHEBS TO PLANT TBEES Six ISFew tPumpiug Plants Are Installed Near Hen dale, New Mexico. Deming, X. M., April 6. Much interest is being taken by rarnei-s ?. the pro posal of president Brooks, of the immi- j gration bureau, to secure catalpa trees J oy the wholesale for fail planting, r rum all indications there will be ariordec for at least 100,000 trees from thi com munity alone. The' catalpa tree, tttatjls, the variety which president Brooks con templates ordering, is not only a beau tiful tree and of great use as a wind break, but is commercially profitable for use as fence posts and railroad ties. The county commissioners of Luna county are having their regular quarter ly meeting. They are auditing accounts and attending to other routine business within their jurisdiction. R. W. Teargin isjin from Hondale. He reports six new pumping plants in the immediate vicinity of- that thriving little town- For Lame Weak Kidneys, Backache, Rheumatism or Lumbago it is absolutely essential, in order to. obtain satisfactory results, that you take a reliable preparation that acts directly ori the Kidneys. Many persons trust to luck for a cure. No remedy will be found more satisfactory than Rio Grande Valley Bank & Trust Co. W. W. Turney. Prest S. T. Turner, Vice Prest. W. Cooley, V. P. & Mgr. W. E. Arnold, Cashier. F. H. Murchison, Asst, Cash. H. E. Christie, Secy. CAPITAL, S UBPLUS AND PBOFITS $150,000 GENERAL BANKING BUSINESS TRANSACTED SAVINGS DEPARTMENT OPEN SATURDAY EVENINGS ESPECIAL ATTENTION TO OUT OF TOWN ACCOUNTS 1 w jtfrkl m Pineules Delays are dangerous. There is no more com mon complaint than Kidney complaint Nature always gives due warning and failure to heed same may result in Diabetes, Lumbago, Brighfs Disease, or some other 'serious affection of the Kidneys. Pineules are readily and naturally ab sorbed and assimilated by the stomach, driving out the poison due to disordered conditions of the Kidneys or Bladder. They purify the blood and invigorate the entire system. The first dose will convince you that Pineules will do all we claim for them. Get a bottle TO-DAY. Pineules are put up in two sires; $1.00 and 50 cents. The dollar size contain IX times as much as the 50 cent size. uum JOHN W. KENNEDY & CO. Chicago, U. S. A. Sold by Knoblauch Drug Company, CITY NATIONAL BANK , EL PASO, TEXAS - UNITED STATES DEPCSITAEY Carjital, $150,000.00. Surplus andVProfits, $25,000.00 OFFICERS AND DIRECTORS: U. S. Stewart Frank Powers H. J. Simmons A. G. Andreas E- Eohlberg b. Blumenthal J. F. Williams J. H. May YOUR BANKING BUSINESS IS RESPECTFULLY INVITED If INDIVIDUALS OR PISMS riio contemplate coming to H Paso are invited to make thii bank their headquarters in arraniriner their business ma.tt.M- land transacting 3their financial affairs. "VVe open checking ac 'counts both large and smaJl pay 4 interest on savings, and rent &aie deposit xsoxes lor the safekeeping of valuables fox 33.00 per year. m m TT -J- rA. Trunks, Bags and Suit Cases i runic rammji 1 , -wr, .. ' m : PIaza. TeL 1054: Auto 196. ANGELUS gggsixG WOBKS v BLOOK BH0S8J Props. Phone SS'1? Crawford Thcafir Bids,. Snn. Ptera J That last year's spring suit can be ma de to look like new. Prices reasonable I Uloves cleaned second to none. Satisfa ction guaranteed. 5 m,