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The commercial. (Union City, Tenn.) 190?-193?, November 12, 1909, Image 5

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Persistent link: https://chroniclingamerica.loc.gov/lccn/sn89058321/1909-11-12/ed-1/seq-5/

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Treasury Musi Issue Ceriinca'beii of
: ' Indebtedness.
Washington, Nov. 7. Treasury of
ficials who a1 few weeks ago declared
that the issue of certificates of indebt
edness was unlikely, and were inclined
to expressions of felicity upon the then
pleasing prospect, are constrained to
change their tune. The failure of the
Aldrich-Payne tariff bill as a sufficient
revenue producer means that the ad
ministration will soon be forced to issue
certificates of indebtedness, owing to
the continued growth of the treasury
deficit and the steady decline in the
working balance in tho treasury.
Such an issue is now certain, but the
administration will try to put it off , as
well as the issue of new Panama bonds,
until Congress has an opportunity to
provide for the usual discount for the
certificates when used as a deposit for
securing national bank circulation, and
thus protect tho holders of outstanding
2 per cent, bonds from further loss by
depreciation of their holdings.
Another disturbing factor in the situ
ation, as viewed by treasury officials, is
the fact that the bid for Panama bonds
in New York has fallen below par.
working Glance low.
These bonds would fall off still fur
ther with the definite announcement that
the government would sell certificates
of indebtedness. These securities draw
3 per cent, interest, and if deposited to
secure national bank circulation, will be
subject to the full 1 per cent, taxation,
instead of one-half of 1 per cent., as in
the case of Panama and other 2 per
cent, bonds.
Congress ignored the recommenda
tion of the treasury that the usual dis--icqiint
for circulation be allowed to cer
tificates of indebtedness. This has had
the effect of prejudicing the 2 per.cent.
bonds in the eyes of investors and
banks, with the natural effect that their
value has been steadily declining.
Officials of the treasury realize that
this slumping condition will be aggra
vated by an issue of new securities
bearing a higher rate of interest than
the old b6nds. Consequently they are
desirous of making no move until Con
gress, can protect the holders of out
standing bonds by special legislation.
However, the general fund in the treas
ury is sinking at an alarming rate and
at the same time the working cash bal
ance is falling low.
The rayne-Aldrich tariff law is not
yielding the revenues predicted by its
framers. There is a deficit for the four
months of this fiscal year of nearly
$24,000,000. The total balance in the
general fund is only $88,000,000. Of
this amount only $29,000,000 is actu
ally in ihe treasury offices. National
banks hold $50,000,000, and $6,000,000
is in the Philippine Islands.
, Consequently, it is not possible for the
government to come to the aid of the
banks by making more deposits. On
the other hand, it is more likely that
the government will be calling on the
banks for funds. There are now $648,
530,000 2 per cent, bonds in tho treas
'ury as security for bank circulation.
r, .1 1 1 ,111 .
snouui , tnese oonus iau dciow par it
would be the duty of the controller of
the currency, under section 5167, United
States Revised Statutes, to call for ad
ditional deposits of United States bonds.
If this should be done it is certain
to cause great embarrassment in bank
ing circles. '
Usios City People Have Absolute
Proof of Deeds at Home.
It's not words, but deeds that prove
true merit.'
The deeds of Doan's Kidney Tills
For Union City kidney sufferers
Have made their local reputation.
Proof lies in the testimony of Union
City people who have been cured to
stay cured. " "
Mrs Nancy F. Burcham, 216 North
Depot St., Union City, ,Tenn., says:
"Some years ago I gave a public state
ment telling how Doan's Kidney Pills
had cured me of Tcidney complaint. I
still hold the same high opinion of this
.remedy. I- was bothered principally by
painJ in my back and hips and it was
hard for me to lift or stoop. ' I could
not turn in bed without having sharp
twinges through my loins and I became
nervous and languid. After using
Doan'j Kidney Pills for a few weeks
mv trouble was removed and I have not
had a return attack since." . j
For sale by all dealers. Price 50
cents. Foster-Milbura Co., Buffalo,
New York, sole agents for the United
States. . ' ,
Remember the name Doan's and
take no other.
Call 150 Union City Ice & Coal
Co. and get cummer prices on coal.
It's Your
if you buy an over
coat and don't buy the
Their superiority over
other makes is recog
nized, the world, over
by all particular dress
ers. . We have a complete line of
these stylish coats, in all col
ors, lengths and makes. We
have them in Worsteds, Beav
ers,Cheviots, Cravenettes and
heavy Chinchilla.
Prices range from
$5.00 to $25.00
f i
' 1
? A iff 'iWWe.
There is style in them.
The House of Kuppenheimer
m J i
There is comfort in them.
Children's Clothing and Overcoats.
We have given more time ; d thought to this department this season than usual, and are
showing the. most complete assiment of styles and designs ever shown before in any Union
City store.
We have a full line in all sizes, from 3 to 17 years, at prices ranging irom, per suit
$2.50 TO $10.00
Bring your boys along and let us fit them up for the winter.
Thanking you for your very liberal patronage in the past, we are
Hardy, Malone CSX Jones
The Marvelous Recent Advance of
the Temperance Movement.
AVe take the liberty of extracting the
following from the pen of Eugene Wood
in Munsey's Magazine. It is a clincher
on the fallacy that "Prohibition does
not prohibit:"
A short and snappy sentence that can
get itself loudly pronounced and often
repeated for fifty years ought to expect
to find itself among accepted truths
like: "Rome was not built in a day,"
or, "If you forget your umbrella, it is
Sure to rain. Ever since ISol tne
short and snappy sentence, "Prohi
bition does not prohibit," has been
loudly pronounced and often repeated
all over the tlnited States, and yet it
never was so far as it is to-day from be
in e an accepted truth.
The wise ones compressed their lips
and nodded their assenting heads when
ever it came across, and answered:
"Yes, sir, now that's just so. Look
at Maine."
Look at Maine! There was the proof,
if anybody asked for it, that it didn't
do the least living bit of good to try to
make men sober by legislative act. If
a man wants whisky, he'll get it, law or
no law," they said, thus making an end
of the whole matter. Why, it. was plain
enough. Shut up the legal saloon, and
the illegal one appears the "blind ti
ger," the "speak-easy." ( People go be
hind the prescription counter of the
drug store. Failing all else, there are
patent medicines, compounded express
ly for just such emergencies out of
prune-juice and whiskey, dear at the
price, but able to make yofl drunk if
you persevere. No, sir! Prohibition
does not priibit. Look at Maine!
And every time you looked at Maine
you saw the obstinate, contrary com
monwealth clinging fatuously to an ex
ploded fallacy, just as if it worked to
perfection. Foolish Maine!
Yet, after fifty years or so of being a
horrible example, it seems to havp oc
curred to the remainder of the country
that maybe Maine wasn't so foolish as
she looked. There might be more in
prohibition than met the eye. So now,
instead of being the one lone, lorn ex
ponent of a complete fizzle, she has the
company in State-wide prohibition of six
others Georgia, Alabama, Mississippi,
Kansas, Oklahoma, and Tennessee.
-To a certain extent I begrudge Ten
nessee the credit for the courage of her
convictions, for her legislators, with
either the wisdom or the sense of humor
for which legislators as a class are so
justly famed, did not come right out
plumply and plainly forbidding the sale
of alcoholic beverage within her borders,
but only within four miles of any school
house within her borders. ,
How Drug Clerks Often Save Lives.
"The illegible writing of physicians is
as proverbial as that of the celebrated
Philadelphia lawyer," observed the old
druggist, "but it is not generally known
that a great many physicians are ex
ceedingly careless in other ways in pre
paring their prescriptions. We drug
gists frequently find mistakes in pre
scriptions which would be fatal to the
patient if the medicine were compound
ed as the physician directed. Almost
every State has some stringent laws for
bidding a druggist to change a physi
cian's prescription in any way, but as
a rule druggists do make corrections
and send out the medicine in its proper
form. Most physicians, knowing their
liability to error, rely on the dispensing
clerk to detect their mistakes and are
very grateful to them for doing it. Oth
ers, however (the 'exaggerated ego'
kind), object seriously to having their
prescriptions altered and resent having
their attention called to their mistakes.
"Sq, you see, the druggist has to use
considerable diplomacy to avoid offend;
ing the physician and at the same time
save the life of the patient.
"Sometimes, when you take a pre
scription to a drug store, the clerk,
after reading it, says, 'This prescription
will take a long time ,to fill. You'd
better not wait for it; come back for it
iu an' hour or so." That frequently
means that he has discovered a grave
error in the prescription and that he in
tends to consult the physician before
filling it.
"Many years ago when I first started
in the business and was to a great ex
tent dependent upon the good will of
the physicians for my success, a pre
scription was brought in one morning
which, as soon as I read it, I knew
meant sure death to the patient if he
took the medicine. I told the boy who
brought it that he had better come back
in an hour, as it would take that long
to put it up. In the meantime I in
tended to consult the physician over the
telephone, as I was not willing to take
chances on killing the patient or offend
ing the physician.
" "I found that the physician had gone
several miles out of town and was not
expected to return before afternoon.
That was tough, as I knew from the
nature of the prescription that the pa
tient was in a serious condition and
needed the medicine at once. So I took'
the risk, altered the prescription and
sent it out.
''Toward night the physician came in.
Taking him aside I showed' him the
prescription and asked; '
"Is that all right?" -
" 'Not by a jug full,' he gasped. 'You
didn't send it out, did you?'
" 'Yes, sir, about 11 o'clock this
morning,' I answered.
"The physician gave me a horrified
look and hurried out to his buggy; as
he was about to drive off he hesitated,
got out, hitched his horse again and
came slowly back into the store. f
" 'There is no use in my going now,'
he said, 'for if Jackson took that medi
cine he's been dead since 4 o'clock.'
"I gave him a drink to brace him up
and then told him that I had corrected
his error. He gave a long sigh of re
lief as he said:
" 'You're all right, Tom. I'll do you
a good turn some day. It's a lucky
thing for me you caught that mistalg
if you hadn't I'd have lost the case,'
and he added as he took another drink,
'I'm thinking it was a damned lucky
think for the patient, too.' "
Statu of Ohio, City of Toledo,
Lucas County.
Frank J. Cheney makes onth that he is senior
partner of the firm of K. J. Cheney & Co., doing
business in the City of Toledo. County and State
aforesaid, and that said firm will pay the sum of
ONE HUNDRED DOLLARS for each and every
case of Catarrh that cannot be cured bv the use of
Hall's Catarrh Cure. FRANK J. CHENEY.
Sworn to before me and subscribed in my pres
ence, this 6th day of December, A. D. IS86.
'Seal.) - Notary Public,
Hull's Catarrh Cure is taken internally, and
acts directly on the blood and mucous surfaces of
the system. Send for testimonials free
F. J. CHENEY & CO.. Toledo, O.
Sold by all druesrists, 75c.
Take Hall's Family Pills for constipation.

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