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The Madison daily leader. [volume] (Madison, S.D.) 1890-current, January 20, 1909, Image 4

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Persistent link: https://chroniclingamerica.loc.gov/lccn/sn99062034/1909-01-20/ed-1/seq-4/

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position Turned Down ftf Vote
of 27 to 1®, Thirty Votes Being fcec
eseary for Passage—State Adminis
tration Voluntary Guaranty Bank
Deposit Bill Appears in Both Houses
of the Legislature.
Pierre, Jan. 18.—Bat one ripple
A few months later, however. 8cha
fer Bros, of New York, wealthy He
|rew bankers, presented to the gov
ernor ten bonds of the state of North
Carolina of the denomination of $1,000
0ach and which, with interest then
Accrued upon them, amounted to near
|y three times their face value. These
tonds were a part of a block of bonds
Issued by North Carolina in 1866 in
Sid of the Western Carolina railroad
(for each bond an equal amount of
the stock of the road was taken by
fJorth Carolina and held in trust as
Security for the payment of the bond.
The bonds were sold in open market
£t from 65 to 75 cents on the dollar
,|uid the road built with the proceeds
find under good management became
ft line property, paying dividends upon
Its stock, which for many years has
feen at par. The state continued to
told the stock and draw the dividends
fcpon it. but it repudiated the bonds,
principal and interest. At the insti
gatlon of Schafer Bros., under our
flfts and devises act. South Dakot i
ftegan an action in the federal courts
•gainst North Carolina for the en
lorcement of the payment of the bonds
find secured judgment in the supreme
•ourt against North Carolina In rem,
the decreo directing that the stock
pledged for the paymeir. of the bonds
|ind held In tr ^st by North Carolina
t« sold ami the proceeds applied to
the payment of the bonds. Uather
than surrender the stock North Caro
lina paid the judgment in cash and.
#fter deducting all expenses and fees,
piore than $22,000 wa3 paid into our
treasury nearly four years ago and
ftill lies there intact. Two years ago
governor Elrod recommended the
¥oncy be returned to North Carolina
fnd Senator Dillon led a strong but
Unsuccessful fight to do so and he
to Return North Carolina
Bond Money Defeated.
#*clteniont has stirred the legislative
fcosom since the inaugural. That whs
In the debate upon Senator Dillon's
fesolution to return the North Caro
lina bond money. It will be recalled
that in 1901 agents of certain brokers
fn New York secured the passage of
*n act in this state authorizing the
governor to accept any gift or devise
Inadc to the state and to do whatever
teas necessary to protect property so
feceived, including the enforcement
•f the payment of any bond received
Mb such a gift, and for the further
protection of the state provided he
fciight einjdoy counsel, when neces
fary in any such case, who should ac
cept a contingent fee for their serv
ices, so that no liability would attach
to the Btate. All this seemed exceed
tngly innocent and to the members
teemed to be but a prudent provision
•gainst any gift that might come to
"|he state at any time for a charitable
#r educational object.
fenewing the fight at this time.
a-, 4*
The bill to return was supported by
^Dillon, Bates and Seward and op
jrased by Curtis and Byrne. The argu
flnent for return being that the whole
Arrangement by which the money
iame into our hands is Immoral, whilo
*he opposition stands upon the legal
-ity of the proceeding, the cupidity and
Immorality of North Carolina in repu
diating the bonds and then failing to
rovide a court in which claims held
individuals against the state could
|e adjudicated. The debate occupied
Jill of two days and late Friday even
ing the bill was defeated by a vote of
#7 to 16, thirty votes being necessary
jto its passage.
While Senator Arneeoa has Intro
educed a slightly modified Oklahoma
Ibank guaranty bill the state admin
Jstration is giving its influence and
Support to a voluntary guaranty bill
'Introduced in the house by Mr. lssen
Jhuth and in the senate by Senator
|3yrne. This bill provides that, when
Jfct least fifty state banks, having an
aggregate capital of at least $500,000,
:fiave associated for the purpose they
tuay deposit fees graduated upon the
-capital of each bank with the state
"treasurer, together with a premium
equal to 1 mill upon the dollar of
jtheir average deposits and when these
payments have been made and certain
formalities complied with the public
^examiner shall issue a certificate to
Meach of such associated banks certi
jifying that its deposits are insured and
/'^guaranteed to the extent of the
'amount of money in the state treas
i-- ury for the purpose and, if the sum
"^of money is insufficient to pay each
•^depositor In full in the event of the
^failure of the bank, then each shall
receive his pro rata share of what
money is in the treasury for the
purpose. The bill provides the public
examiner shall take possession of
bank should it become insolvent
and after payment of the claims
of depositors the Btate shall be subro
]gated to the rights of the depositors
In the effects of the bank. The treaa*
y "Mrs
guaranty fund In the revenue war
rants of the state or otherwise de
posit them in banks of the state at
not less than 2 per cent interest on
dally balances, which Interest shall
be paid into the fund. National banks
will be allowed to associate with the
Btate banks If they desire to do so,
but they will not count In the number
of banks required to make the plan
effective or in the required sum of
the aggregate capital.
Although there is a widespread de
mand for good roads still there is
little hope of getting any practicable
relief from this session. Every
thoughtful member admits that the
only practicable scheme is to make
the county the smallest unit of con
t.rol and that the roads must be built
under the direction of a competent
engineer, but the townships are not
wilting to surrender jurisdiction.
Many members fear the displeasure ot
If tnJfbs are required
to be paid in cash and so ft is most
likely that we will continue to "mud
it" for some years to come. WhUlne
has reintroduced the Parmley bill ol
the last session, wh!ch provides a
very complete scheme for good road
of the best type. Issenhuth has a sort
of compromise bill which divides the
responsibility between the counties
and townships and several townshii
plana are In consideration.
The western portion of the atat
has always got the worst of It It
freight rates and since the construc
tion of the extensions from the Mis
souri river to the Hills rates hav
been veil nigh prohibitive. The rail
road commission took the matter up
and secured a modification of the
irore oppressive rates, but still the
discrimination against the section it
very great and a real hardship to the
struggling new settlors just getting a
start there. Mr. Hare of Pennington
has introduced a bill for the relief of
the region, in which he makes all dis
criminating rates against any locality
unlawful and requires every freight
rate in South Dakota within any
classification to be based upon the
same ten-mile rate. Under existing
conditions it is impossible to ship
farm products from east of the rivet
to the Black Hills or for the Hills
people to ship their lumber, wood or
coal to points east of the river. It
costs 5 cents a hundred more to ship
lumber from Rapid City to Eastern
Dakota points than it does to ship
lumber from Seattle to the same
places. Many other inequalities as
glaring exist. If the Hare bill be
comes law and can be enforced it will
do more for the development of all of
South Dakota than any other leglsla
tlou proposed.
A good bill which has fallen bjr the
wayside In every session for many
years has been revived by Mr. Taylor.
It relates to bulk sales of merchan
dise and requires a merchant to no
tify his creditors before selling his
entire stock and does not permit him
to pass the title of it to another until
such notice lias been given. It is a
bil! which can work no possible Injury
to any lionest man and will protect
the wholesale trade from the "fly by
niplits." Nevertheless, It has been
Impossible to get a South Dakota leg
islature to see the merits oX the propo
Governor Vessey Is very earnest in
his desirn to protect the people
against wildcat insurance and partie
ularly against the so called advisory
board sort. Block lots of $5,000 pol
icies are peddled out on representa
tions that the purchasers will, upon a
small payment, be soon relieved of
any further payments whatever, but
that on the contrary the policies will
within a year or two become sources
of revenue to the fortunate holders,
as the neighbors who come In later
will be taxed sufficient to carry the
policies and pay dividends to the pur
chasers of these preferred policies.
Of course it is graft both on the part
of the companies and of the pur
chasers, but an outrage upon honest
purchasers of insurance, and the gov
ernor is determined to cut it out If
possible. Senator Ryrne's standard
policy bill is intended to correct thlf
(tenentlly the people are better
pleased with the existing insurance
laws than are the Insurance people.
One proposition that is peculiarly
galling to the guaranty companies re
quires them to keep $20,000 of ap
proved securities deposited with the
state treasurer. They do not like it
a bit and are endeavoring to have the
requirement repealed. It is reported
that they will endeavor to have thr
valued policy bill knocked out, but no
bill for the purpose has been intro
duced and it is pretty certain no sueb
act will pass.
Both houses have been pretty thor
oughly canvassed to discover wfiethei
or not the anti-pass law could be mod
ified to permit attorneys retained b\
railroads to enjoy passes even though
they are not on the regular payroll
In such cases a retainer of $1 and an
annual pass would be considered very
satisfactory by many lawyers. There
appears to be a determined opposition
to meddling with the existing law at
all unless it be to make it stronger.
•|e «|e
The house, too, has enjoyed one
sharp debate that was upon a bill
which shows up in every session to
require the publication of the names
of all who receive "poor benefits." It
aroused a good deal of eloquence and
tailed to pass by two votes, though it
received a majority of all the votes
cast. Johnson, Morris and Taylor
spoke for the measure and Fowler,
Rflftiftt iivbsd and Bartine opposed it
As well ask Are all doctors quacks or Are all law
yers shysters?" We all know tnere are ignorant quacks
does that prevent anyone calling in his good, old family
physician in case of need and trusting him There are
shysters, but there are also honorable lawyers to whom we
confidently trust our lives and fortunes.
There are fake medicines advertised but they are not
fakes because they are advertised. A good thing is worth
advertising we all want to know about it. The more a
bad thing is advertised, the worse for it in the end.
Lydia E. Pinkham's Vegetable Compound is no fake
yet it is advertised it advertises itself and those who
nave used it are its best advertisers, and that free of cost.
Lydia E. Pinkham's Vegetable Compound has
proved its merit by more than thirty years general use.
This simple, old-fashioned remedy, made from roots and
herbs, has become the standard medicine for aiLmeuts pecu
liar to women,— its fame is world-wide.
Read this plain, honest statement of what the medicine
did for one woman her own words if you doubt, write
and ask her.
Chester, AA—"I nied to thixdr I bad no «m patent
medicines anl would not read the advertisements. I think now
if I had I would have taken Lydia K. 1'inkhain's Vegetable
Compound and saved myself years of suffering. I had suffered
from female troubles for twenty years, and when Change of
Life came I grew worse. I got so nervous I could not sleep
nights and could hardly get around I suffered agonies.
Lydia K. IMiikhain's Vegetable Compound was recom
mended and it helped me so much that I continued its use,and
I am so well that I feel like a different person. My advice to
all suffering women is to try Lydia JE. Pinkham's Vegetable
Compound."—Mrs. Ella Wood.
The makers of Lydia E, Pinkham's Vegetable Com
pound have thousands of such letters they tell the truth,
else they could not have been obtained for love or money.
This medicine is no plausible stranger— it has stood the
test of years.
For .'SO years Lydia I.. Pinkham's Vegetable
Compound has liecn the standard remedy for
female ills. No sick woman does justice to
herself who will not try Ibis famous medicine.
Made exclusively from roots and herbs, and
has thousands of cures to its credit.
If the slightest trouble appears which
you do not understand, write to Mrs.
Piukhant at Lynn, Mass., for her advice —it is
free and always helpful.
Jqhn W. Gates and Members of Fam
ily May Get Hydrophobia.
Paso, Tex., Jan. 20.—Possibility
of hydrophobia, the result of having
been scratched and bitten by a pet
dog, is giving serious concern to John
W. Gates and also to his wife and
When Mr. Gates passed through El
Paso in hl8 private car bound for
Pasadena, Cal., to visit his son he re
ceived a telegram to Isolate his pet
Boston bull pup carried on the car
with him, as three dogs at his Port
Arthur home that had been bitten by
a tramp cur dog at the sam^ time Mr.
Gates' bull terrier was bitten had de
velops! hydrophobia. Mr. Gates, Mrs.
Gates and others of the party have
frequently been scratched and bitten
by the animal in play while en route.
Miners of Western Canada May Strike
on April 1.
Winnipeg, Man., Jan. 20.—There le
great unrest and dissatisfaction among
the coal miners engaged in Southern
Alberta and British Columbia mines
and before the renewal of the two
years' agreement on April 1 6,000
men may go on strike. This would
mean a great shortage In the coke
supply in Montana and Washington
camps, at Spokane. Great Falls, Hel
ena and Butte smelters, besides tying
up the steam coal supply of the Great
Northern, Canadian Pacific and Cana
dian Northern railways. The mea de
mand an Increase in pajr.
Asks Court to Rescind Order
(or Hearing on Sanity.
White Plains, N. Y., Jan. 20.—Coun
sel for Harry K. Thaw asked Justice
Tompkins to rescind the order grant
ing Thaw a trial in New York county
to determine whether or not he Is
now sane. It was upon application oi
Mrs. Mary C. Thaw, Harry's mother,
that on Saturday last Justice Tomp
kins issued the order for a trial. The
Juslice did not allow a Jury trial.
Thaw wanted a hearing before ft J*ry
in Dutchess county.
Pursued by Officers Ends Life.
Philadelphia, Jan. 20.—Caught |i
the act of breaking into a large Chest
nut street clothing establishment and
while being chased by the police
Joseph Howat, thirty-eight years old.
a native of Austria-Hungary, drew
from his pocket a bottle of carbolic
acid and, with the pursuing officers
only a few feet behind him, drank the
contents, dying in a toepital several
houra later.
Congressman Steeneraon Has Plan to
Secure Funds.
Washington, Jan. 20. A new
method by which, it is proposed to
provide additional funds for reclama
tion and forestry work by the govern
ment is embraced in a bill introduced
in the house by Representative Steen
erson of Minnesota. This measure
gives the secretary of the Interior the
authority to dispose of merchantable
timber on the unreserved and unap
propriated public domain in the vari
ous states^named in the reclamation
act of 110*
One-half the proceeds is to go to
the "reclamation fund" established in
the act of 1902 one-auarter of the
moneys thus obtained are to be used
for a "forestry reserve fund," which
is to be used by the secretary of agri
culture in the ^.stablishment of forest
reserves the remaining quarter is to
be used as a "drainage fund," to be
used by the secretary of the interior
in the examination and survey for
the construction, operation and main
tenance of works for drainage or
reclamation of swamp and overflowed
lands belonging to the United States.
Duluth Wheat and Flax.
Duluth, Jan. 19.—Wheat—To arrive
and on track—No. 1 hard, $1.09% No.
1 Northern, $1.08% No. 2 Northern,
$1.0'u% May, $1.08% July, $1.08%.
Flax—To arrive, on track, May and
July, »l.67%r Oct., $1.39.
Minneapolis Wheat.
Minneapolis, Jan. 19.—Wheat—May,
$t.0S%(f,1.08% July, $1.ft8%^1.08%.
On track—No. 1 hard, $1.10%(ff 1.10%
No. 1 Northern, $1.09% fil.09% No.
2 Northern, $1.07%@1.07% No. 3
Northern, $
1.04 fr
81. Paul Union 8tock Yard*.
St. Paul, Jan. 19.—Cattle—Good to
choice steers, [email protected] fair to good.
[email protected] good to choice cows and
heifers, $3.507( 4.50 veals, [email protected]
Hogs—$!»[email protected] .35. Sheep—Wethers,
[email protected] 5.50 yearlings, [email protected]
spring lambs, [email protected]
Chicago Grain and Provisions.
Chicago, Jan. 19.—Wheat—May,
$1.07 July, 97%@97%c Sept., 94%fr
94%c. Corn—Jan., 57%c May, 61%c
July, 61%@0l7 Sept., 62c. Oats—
May, 51%@51%c July, 46%e Sept.,
39%c. Pork—Jan., $17.00 May. $17.
07%@17.10, July, $17.15. Butter
Creameries, ••{[email protected] 30c dairies, 21%@
27c. Eggs—29 %c. Poultry—Turkeys,
16c chickens and springs, 12%e.
Chicago Union fttock Yards.
Chicago, Jan. 19.—Cattle—Beeves,
[email protected] Texans, $4.15®5.25 West
ern cattle, [email protected] stockers and
feeders. $3.255?5.00 cows and heifers,
$J.75^( ".50 calves, $7.75ft9.75. Hog^
—Light, $5.t5(fi 6.25 mixed, [email protected]
6.50, heavy, [email protected] rough, $5.90
@6.05: good to choice heavy, $6.05
@r,.«0 pigs, [email protected] Sheojs $X.25
®5.65 yearlings, [email protected] lamb*,
$6.25 @7.90.
come and see me, and
Fast Being Realized by Madison
A little backache at first.
Daily increasing till the back is
lame aud weak.
Urinary disorders qniekly follow
Diabetes and finally Brigbt's disease.
This is the downward course of kid
ney ills.
Don't take this cunrge
Mrs. L. Thompson, Datt Rapids. 8.
D., eavs: "I do uot hesitate to recoui
mend Doan'e Kidney Pills. For three
niontns, I suffered from a dragging
dawn pain through my back and hi{
and often could hardly move. Havinu
read so much about Doan's Kidney
Pills, I decided to try them and pro
cured a box. Before I had finished the
contents I found great relief and the
trouble has now entirely disppeared."
For sale by all dealers Piice 50
cents. Foster-Milburn Co., Buffalo,
New York, sole agents for the United
Remember "the name—Doan's—and
take no other.
Sure to Give Satisfaction.
It,cleanses, soothes, lieals and protects the
diseased membrane resulting from Catarrh
anl drives nwnv a Cold in the Head quickly.
stores the Senses of Taste and SuulL
Easy to use. Contain* no injurious drills
Applied into the nostrils and absorbed.
Laite Size, 50 cents at Druggists or by
mail. Liquid Cream Balm for use in
atomizers, 75 cents.
ELY BROTHERS, 56 Wfcrrtn St.. Nstv Yort
and 0the demand lor Lake County tarms is increasing. If you
are in search ot a
Home in a Good Climate
where you can raise Wheat, Oats Barley Corp Potatoes and in
fact everything
to this latiturV and whoie
successfully carry
Dairying & Stock
and where your family will have the advantages ot
I wil!
will show yuu
show *ou iust
If you are renting land now, paying $3 to $5 annual
it to you at what you wil pay out in rental
where you are in three yerrs, and
will give you ea&v terms ot payment
If you want a good location in Madison I have such for von.
A lar^e number of substantial buildings have been built
Madison the past season and the cit^ is steadily
growing in population.
Correspondence Solicited
Chas. B. Kennedy,
what jtm W9akt
as good iand and sell
Where yon wan! It—
When yon want II—
-oU()-pw No smoke—no smell—no trouble.
*°-0j-c Often you wan! heal in a hurry
in some room in the house the fur
nace does not reach. It's so easy to
pick up and carry a
(Equipped with Smokeless Device)
to the room you want to heat—suitable for any room in the
house. It has a real smokeless device absolutely preventing
smoke or smell—turn the wick as high as you can or
as low as you like—brass font holds 4 quarts of oil
that gives out glowing heat for 9 hours. Fin
ished in japan and nickel—an ornament
anywhere. Every heater warranted.
ii tile Line luf the student or
reader. It gives a brilliant draciy light
that makes study a leasurt. Made oi brau. nickel plaltd and equipped
with the latest improvfd central drah burner, f.very lamp warranted.
Ii you cannot obtain the Periection Oil Heater or Rayo Lamp kw
year dealer write to our nearest agency lor descriptive circular,
UmmimtMmm MmmumMuunu\uuum\uum\\\m\n\
A Personal Appial
If we could talk to jou peraorally
about the great merit of Foley's Honey
and Tar, for coughs, colds and lung
trouble, ou never could bo induced to
experiment with unkaown preparations
that mav contain aome harmful drugs.
Foley'w Honey and Tar costs you no more
and has a record of *orty years of cures.
J. H. Anderson.
Why pay more, wnen you cen get, not
only !K) fine large cups of Dr. Shoop's
Heolth coffee, from a2oc prokape, hnt
coup n on a 2T»c flilv red, "No-Drip" cof
fee strainer besides.e Look for the coup
on—1 put ttem in ow. The satisfac
tion is, 1 esides most beifdct. Sold by
C. A. Kelley & Son.
Coughs that are tight, or distressii^p
tickling conghs, get quick and certain
held from Dr. Shoop'e Cnu«h lieniedly.
On this account druggists everywheft
are favoring Dr. Shoop's Cough Ren
edy. And it is entirely free from Opium
hlorofoom or any other Htupefyiog
I drug. The tender leaves of a harm lew
lung healing mountainous shrub give to
Dr. Shoop's Cough Remedy its curati?#
properties. Those leaves have the pow
er to cure the most distressing cougfc,
'.Mid to soothe and to heal the most sen*
sitive bronchial membrane. Mother"*
ould, for safety's take alone, always
demand D*. Seoop's. It can with per
fect freedom be given to even tba
youngaet babes. Test it ouce joursalf
and Bee! Sold by Chria Sohutz.

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