Newspapers / The Charlotte Observer (Charlotte, … / Oct. 5, 1906, edition 1 / Page 2
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ciiaklotti: daily u ::;;;vi:i;, octol..;i: ..ziiinlfta I - eJ i. BASEBALL ' 61MMAKT. ; V ; K At J'Mladelphlat ' r Iilladalphls-New Vurk rmo eoalponed: rain. ' ' . a i CWgo;(CbtoaTO, I; CUln' V NATIONAL, LKAanjt ' ' . At Now Vorhs, ,w fork, Tj Pblladel. At Boston i V Boston,. 1; Brooklyn, 'vHnd Mn Brtoii. 1; Brooklyn, I. At J'ltuburg; Fltuburgy 4; Chicago,, .4. ,,'v V. .V" ' , STAXDWO OF THE XCB3.f' . V ""V.! ' AMERICAN I.AltnB, ' A I , hleas-a w . ... ......... ; P fciew York k.,. SI i'leveland .......... W .Vhlladeluhta ', l Loum .,- J Jxtrolt .. ...... 0 WwahlnflOO , ..... K &uaoa .... ............ 44 M .CI V7 ST ?J T4 9ft 1U3 .m V.8WT ".47 - .47 .13 -'NATIONAL, l.KAOUE. . .V s. '-r.5, - Woi. lst, .Chicago.- Mew York 1 Jtttafcanr 41 ! J'hlU'lelptiU .. ....... 2 Jtrooklyn .. .. M Cincinnati .. f Kt. Ixwl .. .. K J Woo." W f.O. .7a . . tea .4.T4 .421 .M7 fJCAGCB GAMES. : : AJf KRICAN I.KAOUB ;' Chleaita, 't. 4. Chleajo. tha ifw cnamplaro t( tha Arnrtcno Iua, orta " (rated tha return how toJy by win. ' tilns, I to 1. In thu oponlnit gamo of tha nl awiea with Clavalano. Rcora: B. H. B. Chteaw 0lSx-4 4 2 . . ii.v.1.,.!) iitoai 4 o - HaturlM: Vein and Both; Jo and Demit Tim. 1:15. I'mplra. O'LxJUKhlln .- nd hirkUn. v ' i NATIONAL LEA0UB. . r Boaton. Oct 4. A dohl-h(i(ir . .' bruahl tha local Natlunal League trawin ''r to a eloee to-day, -Brnoklyn tulclnir both same. I to z. ana I io i, repe)cuveiy. ' ' Wrat eama: H. H. Hrokyn 1 o40 I kMM H0O0-l 11 . luniriM' HlrlL'klett and Kit tor: .'"; LintUmaq nnd Brown. Time. i.00. L'in. BeVond game: R, H. B. ; Brooklyn Moi- I :.:r,Ln.in... ooi-i i Mattef4: Kami and Killer; Tour a .. ' and Brown. Time, M uilnutea. Umpire, - pnway. 'WlUbura, Oct. 4 Tha ehimplone ittut out tha I'ltUburgi to-day. 4 to a. . ' meant ' B- K. B. - htiM .. 081 10014 I Hatwrle.: Letfleld and Phalija' and PelU; rfetater and Kllnf and Moran Tiff, 1. Lwplre. 01ay. , New Tork. Oct. ..-Tha Nw Torkt de- ' faarad Philadelphia to-tiny. 7 to , main Ir owlna to Htruna't bnttinit. 11a made '. ' m hone run and three aafe bunta. , . Soara: R H, B. ; .rhimdeiphla, ooioioen i Xew York 1 6 0000 100 -? 10 1 ' Batlerlw: Hiwrkt and Dooln; Matlirw. ' wmi and Bmlth Time. t inpiret, Kim and Carpenter. ' .'atXTttTY llt'RT AXD MAV DIE. . 13. MUhir FalU In Second Ionlevlll " . Rare) and la Hun 0er by Hrrrl v llorara. ' Loutaville. Ky.. Oct. 4-Jockey B. Mil .' lef, wbo had the mount on I)rtMlrn In !', tha eecond race, fell to.dur and veral ' r Boraea ran over Him. Hl akull w 1 . . rntehad and he Wt hie tongue In half. , ':' 31a ta In a local hispltel In a. daniteroua condition. Charlie Kattman defcHled Martha Oornian In the fentura rare. ' ' Uummary: Viral rice, eelllna. I furlonn: Ijiura R. to 1. won'4; Nedra. J to I, wcond; John . , Kaufman, 10 to 1. third. Time. MWI.1. Second race, arlllnc, I furlnnca: French .-V to 1, won; Petit Pti to 1. . cond; Nun aVinnf , i to 1, third. Tlw. 1:14 1-A Third race. I furlonm. piirie; Charlie . Kaatnan. to L won; Martha Oormin, t ' . 1. aMond4; Hector, i to 1. third. Tlma. iMlJ. . Fwortlt race, ateenlechKe, handicap, bout mlln: Utile W'ully. lo to 1, " won; Lady Jooalyn. 1- to 1, eecnnd; Big. laund. I to 2, third. Time. 4 02 IB. 5 Fifth race, t'4 fiirlongi: Kteclorlna, 1J - - to L Won; Noliette, in to L aecond; Ml ' tida, 11 to 1, third. Time. 1 m 4 J. " ainth race, eelllnf. mile: flolden Mln , . eraJ. T to 1, won; Brail. I to 1. vnnd; ;:. th Only Way, ii to 1. third Time. 1 41. ;'' Trimp Ktakra Won by Itrndy'a r oun tain llluc. ij ' Tf W fork, Oct. 4 - jHniM 11. Brndy't Wuntaui Blue, with Hhaw In the m&e. v ana backed down from 1 to 1 t 11 tu ft, . won tha triumph atakea, one mile, for I- yearelitt, at Hrlghton Keach to.ilu y. Neafgoinaey aecond, and I'rlnce 'i . Haaaptoa third. The time waa 10 1. . lnnn Ken, the I to I favurita, win never . , : 4tnaariua Summary: '.. ITiret raoa, I furlwriga: EUUtrado, I to 7, J, nn; Dan Btihre, I to 1. wcond; Vnn--r; jiea Olrl, 4 to 1, third. Time. 1:11 4 It,. Second rare, teejechaM, eetilng. ul-.ut ; t mile: Bound Brook. I to (. won; t'nl. W. I to I, eeroncl. darter Knot. 1 to 2, i thtrd. Time, 4 12. . ..! . -Third rare, elllng. mil and a nit. leenth: Kl. Bull, II to S, won; Onr.mmi, V "7 to 1, ecind; larnuchlnml, to S, third I Time, LIS. Kourlh race, the Triumph aUk, J. ? 'ear olil. oil- mil.' K-Mimaln Blue II , oft, won; Motiianiiirrj . io i. MH-iiiut ' Vrlne Jiuinpl ,n. n i,, l, thUd. Tllaa " 1:4 14. it, ,;,' nfth nice, ini ,,, ,if: Anw n I, won. McKkiliri-ii((i.. to 1. epti. 't n4j Atlia t'mafm.l. eten, llilrd Time t ' tM 4 . " J' -al'th e. fuiic ig. j,i,-..i,ite, t to , i , won; tintril.rii.ij.. i , .,n,t y)m V'. bWk. to I. third Time. I;li 3..',. K'Bareiith race, rnrl.inr. eellu. Hly JUin3 I. won: Hay lor. 1 to 1, wonrl; ,. . picaawy, to , tiiini rime. M'rtd'a Cluuiiplon Merles lo '.."''-' Tw-Mlay. Begin ..''-Chicago. Oft. 4 The flrat game of ths Series between tho t'hlesgi) National le ague Imxetmll i lul and the Chicago American Leagun Club fur j i tha championship of the world will ba . ' played Tuesday od. f on the grounda ;; Pf'the National League Club In thla city. The data waa decided to-day at ' ' x conference between President : ; ' : Charlea W. Murphy, of the Nationals, , ; Preaident Charlea Comlkey, of the - i Americans, snd Harry J'ulliam. pre. dent of the National Lfagn, '. Xtarta) Carollns lo Play Pennsylvania . h' . 'vv ,-.'- -i- Ssmniay SpetHal to The OliMirver. - , CheM HlH, 'c. 4. -1 li l'nlvertlly . fiMlOall eleven will drive to Durham to "'f uxfrorw fjirwntng. whence iliey will go In . a ' aiKflal Pill I man to I'klladolphla to . meet Ihe Uutveislty of Pennsylvania nn he grldldoa Saturday aftarnooa. Only f'Hir of th anea who played esalnit the 'uk-rt las ysr win be in ll lint. up Hitiiidsy, Captain Story, Parker, Hln. ieiary , and Thompson. M't of tha i theet ere new to the gm, The team I pinMrablr liandlepned but it la m. iectd that they will Mtake a creditable allowing, '', ;vii'. ,,.-,,,,.'' : ' . i A rOCNO MOTHBR AT T '"My mollis ''has suddenly been made toung t io. Twenty year of inteiue uf-f-,i. fron dyanepala bad entirely dla i.t.i"i her, - untlf elg month ago, .when .' t. ae taking Klanrle BBtwra, Which t iv MnpIely cured hr sad real or ad li e airrnftti and activity she had la the f . - ia f hf.'1 wrllw Mr. W, U Olleat r k, of I'MBforth, Me, (JreabMt reatora I inti.ine or) the glob. et Stom ;. ii, l.lv.-r and Kidney right, purlflas i - t l'Mi'l. 'i cure Malaria, Bilious , . A kn. Wonderful ; Nerve i t'' if"- '''rntee bf B. 1L n St C'e.'s drug atere. FAVOESBIG CENTB&L BASK NKW VoRK' COMMITTEE RltpOIXX r. ; ; . . Clutrnbt-r' of - Coiiuiwrc -Comwlwlon t-liuM for fcithrr a Hank of lwnio .. Having Nome gSO.OOU.QOO capital and Controlled by . (.ovpminrnt or ,' Law tvmilitinit NailoruU Hanks ? la' lmme Certain Amonntu of trm ' Corrnwy l innka humt ip : Uould hat-r GnU4 IlosibUlty and Ukm Uie lovn of Crop LMt of lroMny'. New Torkv Oct4-EltheF a cwntra! bank o iaaaa ta .ba atabljb4 ! controlled by tha .government, of a almpla meaaare nlarVUt tne-preaent noteaatie irlvllea of national banka In uct'a manner that their, rifbt of, laawe ahall not yafy wltfi tha 9Wir ahlp mt United .itwi ;: bonda. mtn methoda faroypd by-the apodal cur rency - comralaalon appointed, by the New York chamber of commerce' laat' March, to Inquire into' the condition of the currency'ahd' eurgeat dealrable changea. The report wa eubmittea at a meeting of the chamber of com merce. to-day. Ita text la aa roiiowa: THE COMMITTEICS REI"ORT. Mr. Merrla K. Jeaup, Preaident of the Chamber of commerce or tne mate of New fork. Hiri--TTie auecUl currency commit-, tea BDDolnted by you in March. 1101, to -Inquire into the condition of the currency and to auggeat aeatraoie changea, beg to aubmlt the follow tng report: . The cold aupply of the United Ktatea on July, 101. amounted to II, 476, 141, in. In addition to thla gold, the country contained on that date tl.4,04,l of other currency, aa follow.: United rJtatea notoa I4, 6 1.01a. Treaaury notea of 110, ", 111,000, allver dollar (or certificate) i0. 4,86S, National bank notea lll,UZ,B0, aubaidlary allver H17. V k .a b at. The total atot k of currency waa tl,O,.ti4,40, of which 11,744, DMIU waa In circulation, the re mainder, 1126, 409,110, being held In the United Htatea Treaaury. The rep resentative money la kept at par with gold either through direct redemption or through limitation of the aupply. In view of the meaaurea taken to maintain It. equality with gold by the act of Mach 14, 1900, wo do not think It neceaaary to recommend any further etepa in thla direction at the preaent time. ONE IMPORTANT DEFECT We find, however, that the monetary eyatem la defective In one moat Im portant reapect, namely, flexibility, and that In conaequence tha country'a bualneaa Intereata are at ttmea aerloua ly hampered. . Thla defect la due to reatrlrtlon which are unnereaaarlly placed by law upon tha uaa of bank credit. Nearly fifty per cent, of the people of tha I'nlted State are en gaged In agricultural puraulta. and the frulta of their toll are hurveated In the autumn. Theaa harvetfta and the marketing of the crop bring to bear upon the banka a two-fold atraln, ona for capital, the other for currency. The demand for capital cornea from tha'buyera and ahlppera of agricultural producta and la In the main auttalird by an expansion of bank loan and depoalta, moat of the payment bring made by check and draft. The demand for currency cornea principally from the farmera and plantera, who muat pay their help In caah. In the aatlafactlon of thla demand the banka are unable to make oe of their credit, but are obliged to take lawful mirney from their re aervea and tend It into the harvcat flelua. Aa a reault, the money re- eurvea of banka are reduced at the very time when the demand for loana la incroaalng, and In conaequence tho rata of Intereata la advanced undu ly. During the winter and aprlng there la a return of lawful money from the country to tho cltle. and the aur- plua reaerrca of thn banka in the financial center are incrcaaed a rap Idly aa they had been dlmlnlahed In the fall. A tho city bunk pay In terest on thlM money, they cannot auffer It to lie idle in their vaulta; hence the rate of Interest la lowered, and apeculatlon la thua unduly encour aged. LUK TO IlFSTnirTKiN OF HANK CHKDITH. Till condition of affair la the prod uct of li'ginlatlon which the country ha uutKTowa. By the National Bank Art our banka, while permitted to utlliie their credit In the form of da poalt account, thua rendering avail able many hundred mlllUrha of cap ital, Hre rcRtralncd from any natural or free uae of thut credit a a common medium of exchange. Between a bank note and n hank heck there la no eaaentlal difference. They have, however, different flelda of uaefulneaa. The home of the bank check la the town and the city, where people keep their funua In bHiika. riio bunk note, on tha other hund. properly bcliing In the country. among people who have no bank ac counla, with whom It la quite aa effec tive uk money Itaelf. If our bunk went permitted during tho crop-moving aeuaon to Increaao their Uniicm nf bank note by from IIOO.OUO.OOO t 1200.000,000, thee note would go Into tho Imrvent fli lil ami do the work which How uliNorb legal ten.ler money. Hlm e the bank under IH h IrruinHtnni en would not bo olillKeil reserves, they would ho under no coin pulnlon to coiitiaet tiieir luniiH iim ut pri'senl. Hut the experience of forty year Kltictt the ennitinciit of tile National Hunk Ai t ha proved that u bunk note biiHed upon bonda CMiinot re lied upon to tuke i iin of temporary ft net im t lone in the country' iied for urrciicy. Tho lKue uml retirement ii.peur to havi been reauliiteil entire ly by Investment condltlona In the bond market abnolutcly unrelated to country's need for currency. HANK NOT KM AUK NOT MONEY. It I proper to call attention lo an Important distinction between n bank note and other kind of currency. The silver dollar, the silver certllleate, the Treaaury note and thn United Htatea note are given by law a function which the bank note doea not and ought not to poaseaa, for they are rated as lawful money, so that In the reserve or hanks they are count ed aa the equal of gold Itaelf. The bank note, however, except In the vaulta of Ktute and private banking Instltutlona, cannot be counted as money. No matter what the collat eral behind It, It la a bank liability, Ilka a certified check, and mar at llniea necessitate the payment of ac tual money. To make It legal tender or lawful money would he equivalent to permitting banka to count In their reserves the sums which are due them from other banka. If Such a pulley war aanctloned by law, there would le practically no limit to the expansion of bank deposits and loan that would be possible without any Inereaae In reaervea of actual money. UNITED STATE HONDM AN IM PORTANT FACTOIL The preaent currency problem might h aa tlaf actor) ly solved In aev rial different ways, yet there Is, one Important consideration which ahould not be left out of sooount. 'The na tional bank are owners of - United States bonds of far; value of over 1444,040,004, and th market valua tion of these bonds Is largely based on the fact that they are required S4 security for bank notes Those who plan chages in our rurency sr not free to outline de novo an Ideal sys tem, hut must always keep before them the fact that the government bend Issues, sustained a they rt noW' fcy artificial condltlona, cannot prudently be left to seek a norma level. Such a coure would be unwltw in Itaelf and would with' certainty antaffonUa aim oat every person Inter eated in a national bank. " , ' In 'our opinion, the beat method of providing- an eiaatie credit currency tha voluma of which could never l exceaalve, would be the creation of a central bank leave under tha control of the rovernmenL ' Thla central bank abould bava branches In the leading cltlea, and ahould have deallnga only with banka. Although tu ' capital toek might b privately - owned or dlatrlbuted amena tha banking inati tntton of tha chantry. It anould M under the direct control of a board of aovernorai-aDPointed. at leaat in part. by the Preaident of tha United Btatna. for it ahould perform aome of the functions soar laipoaod . upon ' the United State Treaaury, and ahould at tha earn time be managed not ex clualvely for private tain but (or the nubile rood aa well. Thl Pink ahould have large capital, not .- leas than fSe.OOO.OOO. It should carry a large- reacrve of gold and ahould act aa custodian of the metallic reserves of the government and aa lie agent in redeeming- all forma of credit money. It should alao be receiving And dis bursing agent for tne government, dolna at Ita branches tha work now done at tha sub-treasuries. It should hold the flva oer cent, redemption fund now deposited la tha Treaaury by the national banks for tha current re demption of their nona-eeourea notes, and ahould redeem national bank notes both at It central office and at all of ita branches. Tna operation of central baake la Europe, especially Im Franca. Uermany. Austna-iiun gary and tha Netherlands have been moat succoaarui. HtJiVUU OF ADVANTAGES. The advantages of such a central bank, in brief, would be as follow! (1) It would aupply the country with an elastic currency responsive to tha varvlnar bualneaa. (!) It would tend to steady the rate of Intereat at all season, and to give relief In periods of Industrial financial stresa, for Ita large resources would enable it to meet extraordinary and sudden demands for both capital end eurrencv. (I) It would relieve the Federal Treasury of the duties now Imposed upon the division of. issue and re- dtmDtlon. and. on account of Its in timate relatione with the money mar ket, would be In a pom t Ion. a the Treaaury is not, to protect Itself agalnat a prolonged drain up Its reaervea. (4) It would do away with the cumberaoma sub-treaaury system and keep the money of the country al ways at the diapoaal or traae ana com merce, so that the governments col loctlona and dleburaementa would causa neither cootactlon nor infla tion. MODIFICATION OF THE EXISTING SYSTEM. If for any reason, political or finan cial, the cstabllahment of a central bank of Issue is not advisable, your committee would recommend the adoption of some plan whereby ad ditional powera of nota-laaue shall be extended to national banka. What la needed Is not a permanent increase of tho currency, which would be danger ous, but the addition of a variable ele ment Issued and redeemed under such conditions that its supply ahall exact ly correspond with changea In the de mand for currency. It Is proper to require a National bank to invest a certain portion of Its capital in gov ernment bonds as a prerequisite to the right to issue credit-currency, but the amount of such currency that may be Imiued should not be baaed In any fixed proportion upon the amount of bonda held. Banka would so order their holding of bonds as to get Into circulation all that the law permitted, and would then be unable to put out additional notea unless they obtained additional bonda. ' It ahould be possible for banks to substitute this new credit currency for their present bond.eecured circula tion to auch an extent aa to lead to xtenalve aales of government bonda by the banks and to the depression of their market value. Any auch reaulta, however, may ba avoided merely by the provlalon that no bank ahall nave tha right to lasue credit currency un leva Ita bond-secured circulation amount to a definite proportion of Ita capital, Bay 60 per cent. Banka ahould be permitted by law. aa at present, to lue bond-secured circulation to tha full amount of their capital, and no bank ahould be under any compulalon to laue tha new credit currency to be provided for, or to aa aume any rap6nalblllty not Imposed by eilatlng law. It ta probable that the limit Of la sue might well be fixed at III per cenL of a banks capital. In order that there ahall be no over-laaue or Influllun tha following preventive measures are to be recom mended; ADKyl'ATB FACILITIES, FOR RE DEMPTION. (1) That there should bo conven lent and adequate factllttea for the re demption of bank notes la of the first importance. Theae could be assured by the provlalon that notea of every national bank ahould be redeemable at ub-lreaurl and other-convenient points. Tha redemption of bank notes ahould be ao easy and Inexpensive that none would remain In circula tion after the need for them la peat. If the volume of bank notes I to vury with the need of thorn, there muat be liiceHxant dally redemption, and this con be had only when the redemp tion points are so numerous thst np bank will be more than 24 hour dis tant rrom one. When a properly dis tributed redemption system Is In op eration, few banks will voluntarily pay out the notea of other bank. OltADUATKD TAX UPON NOTE 18 SUEB. (2) The second measure for the prevention of exceaalve Issue would ImpoHe u restraint of a more direct and obvious character. It conaiats of a graduated lax Impoaed upon the Is sue of notea, the tax rising aa the ratio of luea Increase. For example, as suming that bank having a bond-secured circulation equal to S0 per cent, of their capital are given the privilege of Issuing additional note equal to II par cent, of their capital, let th Issues up to 6 per cent, of capital be taxed at the rate of 1 per cent per annum; additional aaua up to 14 per rant, of capital, 4 par cent.) additional leaue up to It per cent, of capital, 4 per cent. additional lasuca up to II per cent, of capital. $ per cent.; ad ditional Issues up to It per cent, of The capital of national banka June II, 1401, was 1811.000.000. There fore, th maximum Issues of bank notes In exceaa of th bond-secured circulation would be, under present conditions, about 1141,100,000. I. Since some banks would doubt less not qualify for th laau of th taxed circulation, tha actual leaue of the taxed notea, even when Intereat rates were high, would be materially lees than the maximum allowed , by law,. ' y I. The abundant'' redemption fa cilities 'would make It impossible for any bank to keep .outstanding more ott lis note than the country had need for. , .v (-. . ;-,. It Is evident that th privilege of issuing this taxed . Circulation, even though held tn reserve and seldom availed of, would tend stay th money market, .v A OUARANTT FUND FOR PROTEC- TION OF TUB NOTES. Th proceed should be In the cue tody of th government and ' should constitute m guaranty fund for use,- If heeded. Is) the redemption of th notes or faUcd banka. Banking experience this alid other countries (I ernonat rate that thla guaranty fund) .would prpve many tlm. H moro tlmn tileo.nato. i METHOD ttK RhUKMI'TloNY. '; It would b the duty of the Treaa ury, aa at present, to redeem all the notes of a fulled bank la full on pre sentation from the i per cent, redemp tion fund and, after the exhaustion of that fund, from the general guaranty fund derived from th ta on circula tion, " - - - . -: ' . If all the national banks ' in "the country, under eucrt a plan as Is here outlined, were given the privilege of issuing credit currency, the harvesting of the great crops of this country would be accomplished by means of bank notes and not with lawful money, as at the preaent time. REPEAL OF I l,eoe,0O , RESTRICr Your committee- concur ' with the recommendation made by the regular committee' on finance and . currency laaf. spring; that tha restrictive provi sion In the following section of the National Bank Act should be repeal ed? i';.. '-. v K'-- " "See, v't. (As amended "by Act of March 14, 1100.) . That any national bankings aaaocietlon ' now organised, or hereafter organised, dosirlng to . withdraw Ita circulating notes, upon a deposit of lawful money wun me Treasurer or ' trie united States, aa provided In section 4 of he Act of June 14. 1414. or aa provided In this Act,. U authorised deposit lawful money and withdraw a propor tionate amount of the bonds held as security for Its circulating notes In the order of. such depoalta; i Provided, Tbaf not more than three millions of dollars of lawful money shall be de poelted during any calendar month for mis purpose." . v f? ; CASH BALANCE OF THE FEDERAL .v TREASURT. The laws regulating tha operations Of the Federal Treasury should oe amended. Excessive revenue take money out of circulation, while defi cient revenuee are equivalent to Infla tion. The Secretary of tha Treaaury should have authority to depoait in National bank money received from custom duties as well as that rrom other sources. GROWTH OF 8ENTIMENT FOR . LEGISLATION. We have taken some palna to ascer tain the sentiments of representative bankers throughout the country and ara of the opinion that a majority of the bankers -of the United Btates appreciate the necessity for a variable and elaatic. element in tna currency and will heartily co-operate with the bank era of New I one city in an enort to secure an amendment to tne cxiat Ing law. Such being the case, we are of opinion that tha bankers of New York city, ought to take up thla ques tion add reach aa . agreement upon some satisfactory measure. If they do thla. having in mind the welfare ana needs of tha entire country, as their own best Interests would dictate, we are hopeful that their recommenda tions will meet with- approval among he bankers In every mate of thla Union and be enacted Into law by Conarre without neceaaary delay. To Inaure tbe prompt retirement of notes when not needed, let redemption agencies be established at sub-treas uries and other convenient points. Let sll tbe notes of a bank be alike In form, and let it be the duty of the United States Treaaury, as at pres. ent. to redeem all the notes of a failed bank In full on presentation from the per rent, redemption fund, and after the exhaustion or mat runa irom me guaranty fund. I. That the law restricting tna re tirement of National bank notes to 11.000.000 per month by the depoait of lawful money be rspealed. I. That future Tssues of United States bonds be not made available as a basis for the Issue of National bank notes. 4. That the laws regulating the op erations of the United States Treasury be amended In such a manner that they shall not a now, Interfere with he money market: and to this end w uKgest a law requiring that an money n the general fund of the Treasury bove a reasonable working balance be deposited In national banks. JOHN CLAFLIN. Chairman; FRANK a ViMtiFii hit.t ntiunvT CLARKE. ISIDOB STRAU8.1 CHARLE8 A. CONANT. THE DEATH RECORD. Mr. Marlon Krai, of King's Moun tain. Special to The Observer. Gsstonla. Oct. 4. Mr. Marlon NeaJ, f Klns'a Mountain, died suddenly at his home at that place laat night. He waa II yeara of age and one of tha beat-known cltliens of the town. The remains were Interred at El Bethel this afternoon. Mine BrrliiA Kenedy, of Elkln. Special to The Observer. - ( Elkln, Oct. 4. Ml Bertha Ken edy, aged 14 years, died Tueaday morning at the home of her father, Mr. Webater Kendy, near Ruak, this county, sfter an Illness of two weeks from typhoid fever. Shs was the flower of the family, and a gen eral favorite with tha entire com munity In which ahe lived and her death casts a gloom over every one who knew her. Laurwt DUprtiaary Case, observer Bureau, 1101 Main Street. Columbia, S. C. Oct. 4. The State board of olectlon com mlsalonera met to-day to consider the Lauren dlapennary situation. The dlepeneaiies there have remained open In spite of the State board's ruling last aprlng that the Laurens county board was In error In declaring the olectlon against th dlspenarlea void on acount of Irregularities. Judge Hydrlvk decided In favor of the coun ty board when the case went to him on certiorari. The Laurens prohi bitionists are now Insisting that the case go to the Supreme Court, but there see ma to be no appropriation for carrying It there. The board referred th matter to tha attorney general, who will report later. Ttonm for tbn Inscrlptlonf , rsii mh aett. ' King Edward prsentd the KsY ser's baby grandson with n four-handled cup, engraved with-the Britlart and Pruselan royal arms.- Ths cup reals upon an ebony pedeatar and baara the following Inscription In Kng llah: "To Prince Wllhelm Frledrtch Frana-Joeef ; Christian Olaf 4f Prus sia from his godfather a Ad great-great-uncle Edward L R. "; So Ilusy, ,. .'..'; rhlUdelphhi Puhllo Ledger. " "I do'! see how he can put In .all his tlm In golf.",'";-v V'V :;"'- ii : t "Well, J believe he' not busy at th Rcv these days." . -Not busy st the office T how's thstT" y . - . . "He's loo busy nt golf.", r Why, MAKES HOMELY "WOMKN rRBTTT. i No woman no matter how regular her feature may be ean be called pretty if her enmpleakon I bad. Orlne Maatlv rrutt Syrup a In dlstlos Snd Mean a I. low Mulched comptealoni by stimulating the liver and bowel.' Orlne Leaatlva Fruit Syrup dna not naawaat nr grip and I mild and pleaaant lo take. He member th name Orlnn arid r-fuaa to seaapt ny eg intitule. , K. 11, Jordan m , . Cct a i:a-lrtf.t ,y ' ... 4 - .Of tlo Ji,.iubl jj; Lavson's uiitcry; Of I.'ojih Ccrolina ' VnfpaWe to 'Any library. Formerly r-uUl for I CO, Now Bella .. - .- for $1X0. 4 CAMC OAflKLS, . , ,V, TILES, ; -v; ; GRATES ,it i . . . , i Wo cordially invite your In spection of our stock snd feel sur that wo osn pleas Ou. jrUoCCausbdaCo. ;'.c,, vc. -' ; (:'. " ;.;'-: v Stove Je4Uctav Roofing Con-'I j..p. -J tko."v.v.,,P;' : : Just received, ' another emr ! of Porcelain Enamelad Bath Tone and Lavatorua. a nlo tin t select from. Plumbing and Heating Contractors, . Jobbers ta siaDrjllea. - nackney Bhlg. r V. Fifth 8t, The ecess Is 'not the only waters wnich mat cooling preeses, . Tha waters ot th Catawba els -snake them, for bora In . . Charlotta th brses made by the Catawba have a surpassing advantage over those of th ocean, to get tbe eoollna brseses of the ocean, w bar ta a to tho ocean. The eld Catawba sends us sn electric current and w supnly tbe fan. . ; We have In stock a large lot of fans and wo can send out men at ass time to hook them np with Juice irom ins (jatawoa rower company, er iron .iae awe lino piaaw THE D. A. TOMPKINS CO, Elsetrla SuppUes, CIIARLOTTIE, V. 0. Zr. E. If y Bstchlaon, Butcbiacm. J. J. JWii INSURANCE FiRa LIFE, , ACCIDENT OFFICBi We, a. Bant BntloUag, DeH ftnoom 42 IX 3 TBI KEW ARCH CROWN SITTING For Diamonds or other precious stones. Entirely now, strong and durable, , : . Th - Arch Crown Setting gives more light to th . diamond than any other set ting nede. X complete a sortmsnt for . any slie stones now on sale. A lad have them ;for two and three-stone ring. iitt'Bnins. ft . . - . . .j ' -' w . ,'H '.(' ,....'. .'V! ; f. .V;l Don't ' wslt , until th '. last . , . moment to prepar for winter.' 'i ''i ir; : i 'it ':;f,r '1(,if TvV arj , beginning ,:'''td.;:;r'i f ,eetv' bur Stoves and Range-. 't four car loads and ' we sr '-aur to havs what you want, : :- .- , ' - :- i ' Don't fatl to se at Rook Hot . A'-' Bissl Heater, y'f:? Allan Ibrdv.tre ' Co. MVIHIVI BaTg vrst Cooling " '' -,. . n:'-...;. j , pZ ; - " '-;-'v:--;' . '.' ' ....... ,,, ," . , .1 vk ' ..' ..:' : S., " r ll. - , . w. ar building aQ Engine tat complet in all particulars, god taper This laths u If -inch swing and 7;teet centres. ' W tin furnish blocks' to put "voder "hegd-stock "and UH-stock to : .' raise these as much s two Inches,' W can furnlih revolving yok handle long nieces of shaft or pip. ' THE D.' JIACIILXE -BriLDERi. THE CIIAdLOTTE; i-'.iwl' ARB . BQTJTRgRW1 AOSNTfl fOlt; ' ' v TEWED : VVtnjEl GERMJU UED MM n AMP TXEDSLB ' TUXHtX faUtt' V Bishop ttsgoi Traps Carried ta Stock; aU Card Clothing M4 ." ' 'irallUH I fjOAJRZeblTSJ BOUtdOIIAM i4 Wo will send on approval to any responsible pary ; in North or South Carolina - anything in Harness . or. Saddlery . Goods. Our stock -of Ilarness, Saddles . and Accessory Goods is the largest in the CaroV: Unas, and we can furnish" you anything a horse Svears or a horseman heeds, v - Write ot call i on us;' J. W. WADSVORTfi'S SQNS ; COMP'Yi X ,. v Charlotte, N. C FIVE YEARS OLD Express Chafes Paid By Us, A trial wiK convince you that these eooda are the v very best tor medicinal and other purposes. Send 1 us your orders and if. not perfectly satisfactory. 'f. return at our expense at once, ail tmpnxma are roaua in pua esses. Remit by Postal or Write for price m T1LB HOOafrl sVIADB i i JF UUMJEX CHXESIa many peepta would lead aer te be llave, when - th housewife gs purcnas floor for her baking day but if shs has once need ths Frids of Charlotte flour shs will take nothing els. It Is mad, of the ebolest s looted wheat snd greunit steur mill. al. I laUitSH. nODMajt. teams , at at steam saapcrs, at:,W Pr icq $3.50 v per day, of 10 hourSe : vmTNEvn.c. III rilty good once, to work shovels and h4 shown by ths kbova eut "It is attachment 'is supplied when wanted. making 10-lnqh iwng for special us., ; ' t put in- p!aeJ of Ull-stock ta V , s 'r -TOMPKINS CO.. , QXAIttOTTEV K. C i SUPPLY:. COffAIiy ot Supplies, ' , ; CPARTAKBCZLO 1 .'..- STI mm k,-.y( ,., ana pionsy wiu oa rexunaea Express Money Order, Hit of other Uquort. A Let' Ui Serve Yc'a JV sell the Best Coal timt moziey' can buy,", and : tocw-wo 'can give satisfaction, no mitt- rtr quirexnenta may ba'-'v-Jv Standard Ice and Fuel Co. . H0LLI3TFR'3 t .V.. I -...-. I Itul.. ,! , A B" MMtlcIn fcf raoo'fc ' s Rrtnc golda Hlt snd ganawcS VlfW, . ' . A s?rtfloforfVntirt.lon. In'ceirtlon. T.lver S'l Ki''w,r troltn,.. I Imi'l.t, .v,mft. Jfiif.iira I.iiKhI, .4 liree'll, it.,.. ,vli tfrw-t. iirnuJ. I'S nti liukaK-ii. Ii Ihk -f t.o..ni n Xr in Ui I I furm. , eems !. tnnna Ii - by iiou.iHTK Ii CoweASV. li,)0. V i. CClCJil K'ZZZU f CI tALLCf HZTIZ 'ifilfTT'T ,A "aav v mm .-mm n ? r i ii V 1 : f..: ,"v -.ft,.'
The Charlotte Observer (Charlotte, N.C.)
Standardized title groups preceding, succeeding, and alternate titles together.
Oct. 5, 1906, edition 1
2
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