El Paso herald., April 20, 1910, Page 4, Image 4

About El Paso herald. (El Paso, Tex.) 1901-1931

Image provided by: University of North Texas; Denton, TX

                
L PASO HERAL
a.
Wednesday, April 20, 1910.
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P. u
Prosperity
j
dates from the first dollar saved. Every
person who earns money should save a part
of it. The one who has saved in the past is
prosperous today; and he who begins a sav
ings account today will be'prosperous in the
future.
We pay interest on savings accounts and
;prish to number you, among our satisfied
customers.
Our savings department is open Saturday
evenings until 8 o'clock for the accommoda
tion of our customers.
We wish to serve the public. Have' you
tried' us?'
The El Paso Ban
Trust Co.
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iii cfrmip'hy lira rthtfr
ill uLliliinill, DI-UilliLU 0 m t LU
Method of Transacting Busi
ness in Times of Crisis Is
Discussed and Probed by
Investigators.
"Washington. T. C, April 20. How
Germany met the crisis of 1907 and how
she has improved her banking laws to
meet future crises was the subject of
J a special inquiry by an official German
1 commission, whose hearings have been
translated and published by the .Nation
al Monetary commission. The German
commission consisted of 24 members
and was a thoroughly representative
body, including leading bankers, mer
chants, landed proprietors, and profes
sors of political science. They took evi
dence from nearly 200 authorities.
' whose testimony was reported, and they,
r
OUT OF TOWN WORK SOLICITED
Shop
Machine Repair
that makes any kind of a gear, repairs any kind of
machinery and
Turns Out Work On Time
If you break any part of your machinery advise us
and see. how quickly, how accurately andhow cheap
we can make the repair. Any kind of repairs that -can
be made with
Milling Machines, Drill Presses,
Grinders and Lathes
Can be done at our shop in the most reasonable time
and at a very reasonable price.
AUTO EEPAISrSTG A SPECIALTY.
6
Christy Automobile Co.
M. B. CHRISTY, MGR.
Both Phones. ' 615 1. Campbell
p. & nre seu electric and gasoline cars and also
maintain a garage. i
.. . .nnMUlMaMHi
AKD FRESH FIELD, GARDEN AND FLOWES
SEEDS
CALL OK OR WRITE TO
I O. G. SEETON
THIRD AND CHIHUAHUA STREETS
DEALERS IN
HAY, GRAIN, FLOUR AND FEED
ENGINEERS,' DRAUGHTSMEN'S
PHOTOGRAPHERS'
INSTRUMENTS AND SUPPLIES
Fred J. Feldman Co.
308 San Antonio St.
SOUTHWESTERN SALES 'AGENTS KEUFFEL & ESSER CO, OF If. Y.
themselves engaged in a discussion
which forms one of the moat interesting
portions of their report.
Among- the Questions most seriously
discussed was whether a charge should
he made "in what is known in Germany
as the note contingent, or the limit of
notes which may be issued upon a re
serve of one-third in gold without pay
ing a special tax. This limit of uncov
ered issues was, at the time of the in
quiry, 472,S29,000 marks (5112,500,000).
It was ultimately raiseG, as the result
of the investigation, to 550,000.000
marks, with a new provision, not pre
viouslv known to the law. for an ad
ditional issue of 200,000,000 marks
($47,500,000) during the last week of
each quarter. Above these amounts
there is always a considerable issue
covered in full bv gold, but when notes
i . ...... . i it..-.
are issued witnout xne goiu cover mu
tax of 5 percent becomes operative.
The question of raising the contin
gent, and even of abolishing it alto
gether, was discussed. It was contended
by Dr. "Wagner that the existence of a
limit of contingent issue had an in
jurious effect rather than a beneficial
one. He declared that it might even
hannen that shipments of gold from I
abroad were held back until the rate of
I discount should be higher. If Germany
had, like France, a maximum note cir
culation, which was not usually at
tained, there would remain at critical
times a large scope for extended issues
of notes and the granting of credit.
It was noteworthy that the Bank of
France had, throughout its existence,
been free from such restrictions, and
that it was one of the functions of the
bank administration to determine the
relation between the quantity of notes
and the cash funds. One of the evil ef
fects of a fixed issue which "was recalled
by Dr. Wagner was that when the Peel
act was suspended in England in 1857,
an event of which Dr. Wagner had per
sonal recollection, the cr" was heard
from the continental press that the
step was equivalent to the suspension of
specie payments, simply because the
Bank of England was allowed, on the
responsibility of the ministry, to issue
uncovered notes beyond the legal limit.
Contingent liaised.
Accepting the decision of the major
ity, however, that the contingent would
be retained, Dr. "Wagner supporter" the
suggestion that, in addition to raising
the contingent to 550,000,000 marks, it
be raised still higher at the much-discussed
quarterly periods, for at such
times there may be a greater need of.
credit, and it is precisely then that the
chief function of the central bank of
issue comes into play. He suggested,
therefore, that the contingent or un
covered and untaxed notes be allowed
at such times to exceed by 100,000,000
or even 200,000,000 marks the author
ised limit at other times.
In this suggestion Dr. "Wagner
adopted the proposal made by a prac
tical banker, Arthur Fischel, of Men
delssohn & Co., of Berlin. Mr. Fischel
expressed a preference for abolishing
the fixed limit and for requiring a gold
reserve which should always equal one
third of the amount of notes, with the
proviso that If the reserve was less
than two-thirds the additional issues
should be subject to tax. He did not
consider a change altogether wise,
however, under existing conditions, ex
cept in the extension of the untaxed
issue at the quarter ends. He consid
ered it true that when the issues of the
bank crossed the limit of the untaxed
circulation it constituted a danger sig
nal, and he would not admit that the
frequent sounding of the signal should
dull the sense of danger.
Not Abnormal Situation.
He declared on this points "If we
have had in the last years such a fre
quent overstepping of the note contin
gent, this has happened precisely be
cause we have been in an altogether ab
normal situation in point of economic
development as well as In point of the
condition of our circulation and the
condition of the Reichsbank. and It was
actualljVbeneficial for us to receive fre
quent warnings. The danger signal,
therefore. I would retain, but I ques
tion whether this danger signal does
not often sound at the wrong time. If
we say that we must be able to have a
certain .quantity of uncovered notes in
circulation, we ought to keep in mind
that at the quarterly periods the de
mand upon the currency is much great
er than It is at other times, for an over-
rWtri lint siCELiJl we
S V&L Us BHB3Bb Prt Hf wi'ri WM 9w pfaMB tE3K mj ;H HE iffHV ? E
Study Of Our J
Make a Special
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sjoys
Clothes
M
OCT OR TOLD
TO USE CUTICURA
And Thus Cured a Scalp Disease
Like Scald Head It had Lasted
Several Months and Made Most
of the Sufferer's Hair Fall Out.
This is just a short talk which we hope will be of interest and help
to you in selecting the tonic and blood purifier that will be of the great
est value to you this Spring.
That this is the most trying of all seasons on the health is a fact
well known to us all. It is the time of year when our constitutions are
required to stand the greatest strain, and unless properly cared for the
foundation is often laid for physical disorders or disease later on. The
great majority of persons are fast coming to realize the importance of
preventing disease. Health is our most ..valued possession, and its
preservation is a matter which vitally concerns every one.
Most persons, even those who are ordinarily strong and robust,
v feel the necessity of a tonic and blood purifier at this season. Some
have no particular ailment, but are weak, debilitated and run-down-.
The Winter life, with its decreased amount of out-door exercise, and
the fact that the cold weather has kept the pores of the skin closed,
prevented the usual necessary amount of refuse and waste matter from
being carried out of the system. These impurities entering the circu
lation have weakened and thinned the blood, and this vital fluid is
therefore lacking in the nourishing properties necessary to sustain
and preserve systemic health, when warm, active Spring life begins.
The general bodily weakness, tired, worn-out feeling, fickle appe
tite, poor digestion, etc., show how weak and anaemic the blood has
become. Frequently skin diseases, pimples, eruptions, boils, etc., break
out on the skin, and this is evidence of the impurity of the circulation.
S. S. S. is the medicine needed to correct this condition, and is the
only one on which you can rely to supply the system with the best tonic
effects, and at the same.time thoroughly purify the blood. The use of
S. S. S. at this time may save you from a long spell of sickness, and it
will certainly prepare you for the strain of the long, hot Summer.
Many people have put off using
a tonic until the system became
so weakened it could not resist
disease, and have paid for the -neglect
with a spell of fever,
malaria, or some other trouble.
S. S. S. is Nature's ideal tonic
and blood purifier, made en
tirely of the pure extracts of
healing, strengthening, health
giving roots and herbs. It tones
up the stomach and digestion,
rids one of that tired, worn-out feeling, improves the appetite and diges
tion, and in every way contributes to the strengthening and building
up of the entire system. S. S. S. is recognized everywhere as the
greatest of all blood purifiers, and this combined with its unequalled
tonic properties, make it a medicine needed by every one in the Spring.
S. S. S. is for sale at all drug stores. ,
THE SWIFT SPECIFIC CO., ATLANTA. GA.
1 i
S S S i
?
GUARANTEED
PURELY VEGETABLE
I
TROUBLE SOON GONE
AND NEVER RETURNED
"When I was ten or twelve years old
I had a scalp disease, something like
Ecald head, though it -wasn't that. I
suffered for several months and most of
my hair came out. Finally they had a
doctor to see me and he recommended
the Cuticura Remedies. They cured me
in a few -weeks. I have used the Cuticura
Remedies, also, for a breaking out on
my hands and was benefited a great
deal. I haven't had any more trouble
with the scalp disease. "Miss Jessie P.
Buchanan, R. F. D. 3, Hamilton, Ga.,
Jan. 7, 1909."
babieFskins
Should Know Only Cuticura Soap
Pure, Sweet, Economical.
Because of its delicate, emollient,
sanative, antiseptic properties derived
irom uuueura uinc
ment, united with the
purest of cleansing
ingredients and most
refreshing of flower
odors, Cuticura Soap
is unrivaled for pre
serving, Dunfying
and beauuiying the
skin, scalp, hair and
hands of infants and
children. In the pre
ventive and curative
treatment of tortur
ing, disfiguring eczemas, rashes, itchings,
irritations, inflammations and chafings
from infancy to age; for the sanative,
antiseptic cleansing of ulcerated, in
flamed mucous surfaces and for many
other uses which readily suggest them
selves to women, especially mothers,
Cuticura succeeds when all else fails.
Guaranteed absolutely pure and may be
used from the hour of birth.
stepping- of the limit at these periods is
nothing abnormal, while at other times
it should be regarded as abnormal."
The character of loans made by the
bank and their relation to the circu
lating capital of the country was
raised by Mr. Roland-Lucke, a former
director of the Deutsche bank. He de
clared that the most important point in
all the statements that had been
brought before the commission was the
solemn asurance of the president the
Reichsbank that in the future the bank
would confine Itself in its Giscount op
erations, even more than in the past,
to receiving legitimate business bills
that is, economically justified fluid
bills.
A Tremendous Snccess.
Continuing the discussion on this
subject, he said: "Gentlemen, it seems
to me that many of -you do not suffi
ciently appreciate the importance of
this declaration. Even if our whole in
quiry should appear to have no success
at all in forming outside opinion, 3
should consider that it had achieved a
tremendous success if it should have ai
least the effect of strengthening tin
Reichsbank administration in carrying
out this assurance of theirs. Gentlemen
if the Reichsbank keeps .to this princii
pie you have won everything that you
could, in any pratclcal sense. possibU
flpsir Tnn h.ivp. to beerln with, the
i nnrncciy' inflimnra imnn thP Whole
activity of the Reichsbank.- A bank oi
a banker will hardly be inclined to re
plenish the portfolios to any great ex
tent with such bills as can not be ac
cepted by the Reichsbank. But you not
only get the desired moderation of tin
banker In treacherous times, you gs
also the desired moderation of t!
banker in point of the number and tn
kind of customers whose drafts he w.l-accept."
The duties of the Imperial bank to tiu
country came under discussion from
time to time and the difference be
tween its obligations and those of a
private bank. Even the lattrr, it was
insisted by Dr. Riesser, wrre not with
out the obligation o,f considering eco
nomic interests. "I have always insist
ed," he, declared, "that even the direc
tors of a private bank occupy an offi
cial position and do not merely carry
on a business; that is to say. that they
have not merely to consider private
business interests, but that iu every
transaction they are bound not only to
consider It bearings upon their busi
ness affairs, but to keep In ight its
economic aspects ir connection with the
j economic sltuat;on of the country.
Even beef cattle have no more than
held their quotations of March, and
holdings are a trifle off."
Choice cuts of veal, mutton and pork
at Robinson's market. J. C- Peyton,
successor.
COTTON BELT MAY
BUILD TO ABILENE
TTaeo, Texas, April 20. It is learned
here today thatj president McKarg. of
the Texas Central railway, R. C. Duff,
of Beaumont, and others have gone
to Abilene, where an offer will be made
by that cKy tor bringing the Deleon
extension to Abilene.
Reports from McGregor say the
town is urging the Cotton Belt to run
Its HainJltou extension out from there,
Instead of Gatesville.
McGregor citizens took the matter up
by wire with president Britton, of the
Cotton Belt.
THE WEATHER
Forecast.
For El Paso and vicinity Tonight
fair and warmer. Thursday, fair.
For New Mexico Tonight fair and
warmer. Thursday partly cloudy, with
showers and cooler north portion.
For west Texas Tonight fair and
.armer. Thursday partlv cloudv
wather.
River at El Paso Height of surface
Ms morning above fixed zero mark,
ir.7 feet.
3ive
m
A Chance
Complete External and Internal Treatment for
r Humor ot Infants. CMIdren and Adults con-
Every
Bista of Cuticura Soap (25c.) to Cleanse the Skin.
L,uucura umiment out) to iieai we sum ana cuti
cura Resolvent (50e.) (or In the form ot Chocolate
Coated Pills. 25c. per vial of 60) to Purity the Blood
Sold throughout the world. Potter Drug & Chem.
Corp, Sole Props.. 135 Columbus Ave Boston. Mass
sa-Malled Free. 32-pase Cuticura Book, a com
plete Guide to the Best Care of Skin and Scalp.
MAYBE T.IVIXG 15
GOING TO BE CHEAPER.
Decline Is Shown In Potntoea, Wheat,
Corn and Other Products But
ter Is Also Declining.
New York, April 20. The present
sensational drop In the price of pota
toes may mean cheaper food of all
kinds. Farmers are closing out their
supplv of old potatoes for as little as
nonit, o vntciioi wh ci is tne WWW
20
also
nrffx in war? nihpr foods are
cheaner. As a result of its investiga
tion, the American Agriculturist
April 2? will say:
"A marked elpnline has occurred
the prices of certain food j$roducts.
"Compared to the high point In wheat
last vear. the market at cnicago "-
a (Wiinp of .17 nents. The decline
corn from the" high point of last
tc m r.ontc nrni note 0 cents. In
for
IU
in
year
"oth
er words, the present wholesale price
of oats is 32 percent below the highest
price of last year, corn is off 24 percent
and wheat 14 percent.
"Butter lias declined G percent, eggs
have gone off as usual iu the spring.
To Furnish the System the
Kecessaxy Fluids to Drive
Dyspepsia From the
Stomach.
A Trinl Psxekase Free.
You snould give to your stomach the
chemicals it needs to rfstnr tnn
vigor and health to the gastric fluids.
Food contains all these Ingredients
so necessary, and when the stomach is
in a normal condition it separates these
ingredients as it should and manufac
tures its own dlgestie agents, but
when at is sick and sore, filled with
acids and alkalies that irritate every
thing they come in contact with it does
not get at the food as it should and
cannot make its own juices correctlv
Science has proven just what is most
neressary to the stomach to produce the
correct gastric fluids aud to make of
digestion a naturally pleasant duty.
Stuart's Dyspepsia Tablets are so
made as to giveXhe stomach the high
en chemical properties to aid digestion
These tablets are made up from pure
fruit and vegetable essences, and this Is
the formula: Hydrastis, Golden Seal,
Lactose, Nux, Aseptic Pepsin (the high
est digestive known), and Jamaica
Ginger. Its preparation peculiarly pre
serves the full strength of these "ingre
dients, so that they go into the'stomach
strong and capable of digesting food of
any character. Forty thousand physi
cians use and prescribe them. Ask your
doctor his opinion of the formula above.
Every druggist sells theni, prCe 50
cents per box, or send us your name
and address and we will send you a
trial package by mall free. Address
F. A. Stuart Co., 150 Stuart Building,
Marshall, Mich.
They are exclusive in style and
of the highest grade workman
ship, best materials and at
loTsrer prices than similar
goods sold elsewhere.
M
Cheap boys' suits you can buy
anywhere, but if you want a
fine suit, which will grve you
wear and perfect satisfaction,
ome to us. The prices are
from
00
Up to
$13.50
umenthaFs
Everything to Wear For Men and Boys
At the Blumenihsd Corner
i
i
First National Bank
United States Depository
Capital and Surplus, $600,000.00
OFFICERS AJXD DIBECTOKS:
W. W. TDRNEY, Chairman.
J03HDA JRA'ESOLDS, Presidant.
Jsmes G. icNry, Vke-President. Walter M: Btrtlw, At. Oatfcfrr
Jno. it Eaynoldi, Vice-President. Frauds B. Gallaiwrjgt. OmASer
EDGAR W. KAYSER, Cashier.
Assets
- - $4,500,000.00
WE SOLICIT TO UE BANKETS BUSINESS
?
5vWSWVWWXw'Vb.SWWWiMWl
C. R. MORBHEAD, President GEO. D. FLORT, Casluir.
JOSEPH JJAGOFFIIf, V. Prts. C . BASSETT, Vict Prej.
L. J. GILCHRIST, Aart. Caslu
State National Bank
ESTABLISHED APRIL, 1881.
CAPITAL, SURPLUS AHD PROFITS, $175,000.
A Legitimate Banking Business Transacted in. All Its Branc&e.
HIGHEST PRICES PAID FOR MEXICAN MOHEY.
1 1 Rio Grande Valley Bank & Trust Co,
W. W. Turaey, Prest W. E. Arnold, Cashier.
S. T. Turner, Vice Prest. - - " F. M. Kurcaison, Asst. CatJu
W. Cooley, V. P. 2s Mgr. " H. E. Christie, Secy.
CAPITAL, SUEPLUS AND PBOFITS $150,000
GENERAL 3ANE3ITG BUSEfESS TRANSACTED
SAVINGS DEPARTMENT OPEN SATURDAY EVENINGS
ESPECIAL ATTENTION TO OUT OF TOWN ACCOUNTS
CITY NATIONAL BANK
EL PASO, TEXAS
UNITED STATES DEPOSITARY
Capital, $150,000.00. Surplus and Profits. $25,000.00 !
U. S. Stewart Frank Powers H. J. Siamos
A G. Andreas E- Zohlberg jj. Biumenthal
J. F. Williams J. H. May
YOUR BANKING BUSINESS IS RESPECTFULLY INVITED
tHRHnfi p4 Ifia FfltvJii m AsSHHHl
HTTP. STMnTttn 1n T-Tr-CTcm-rjc
Realizing that many people have neither the time nor exper-1
MWience to properly investigate securities, the officers of this in-:
Institution are pieasea to confer -with those people having idle,
fcfj money that they wish to invest. This bank alwavs has on
stfjjjhond investments that combine satisfactory returns" with un-J
piques tioned safety.
Jjgl -- ,&r-li
El Pasa Trunk Faclsry
Trunks, Bags and Suit Cases
made, repaired and exchanfed
Opposite posteffice, 3cr&ss
PJara. TeL 1054: Auto is-
AftGELUS SSsSSg WORKS
0L00S SHOS., Praps,
PRESSING
f .., 2 nw3 "TL..I., O !- ftn DiaTn
Auto lt0 UlSifffSUIU UJ8iS; BiUtt, WMF
That last year's spring- suit can be made to look like new. Price3 reasonable.
Gloves cleaned second to none. Satisfa ctlon guaranteed.
nU BH 1010.
I