OUR PUBLIC FORUM
IV. F. A. Vanderlip
On The Business of Banking
The farmers of this nation to come Into their own
must ettidy bnslness. We must, as a class, understand
the fundamental principles that underlie every Industry,
Its functions to society and its relation to agriculture, for
there can be no intelligent co-operation without under
standing. Mr. F. A. Vanderlip, president of the National
City Bank of New York, when asked, "What is a bank?"
said In part:
"The first and most familiar function of a bank is
that of gathering up the Idle money of a community,
small sums and large, and thus forming a pool or reser
voir upon which resKnsible persona may draw as they
lave temporary use for money. It Is evident that this makes large sums In the
aggregate available for the employment of labor and the development of the
community. Hut much more Is accomplished than the ush of the money
actually deposited In the banks, for by the use of drafts, checks 'nd bank
notes the efficiency of money Is multiplied several times over. A very large
business, for example one of the great beef packers, may use very little
actual money; on one side of Its bank account will be entered the checks
and drafts it Is dally receiving from everywhere In payment for meats,
while on the other side will be entered the checks it draws In payment for
cattle, etc-, Its only use of money being for small payments, to labor and
otherwise.
If there were but one bank in a community and everybody paid all
bills by drawing checks on thnt bank, and everyone receiving a check imme
diately deposited It In the bank, the amount of money In the bank evidently
would not change at all and the entire business of fhe community woutd be
settled on the books of the bank. And the situation Is but slightly changed
when there are several Tanks, for they dally exchange among themselves all
the checks they receive on each other, which practically offset themselves,
although the small balances are paid In cash. This Is called 'clearing' and
In every large city there Is a 'Clearing House' where representatives of the
banks meet daily to settle their accounts with each other
A bank Is constantly receiving from Its customers, particularly those that
are shipping products to other localities, drafts and checks drawn on banks
In other cities, which It usually sends for deposit to a few correspondent
banks In the central cities with which It maintains permanent accounts. In
this way these scattered credits are consolidated and the bank draws upon
those accounts In supplying customers with the means of making payments
away from home. As each local community sells and buys about the same
amount abroad In the course of a year, these payments largely offset each
other. It Is evident that tho banks are very Intimately related to the trade
and Industry of a country. The bunker is a dealer In credit much more than
a dealer In money, and of course his own credit must be above question. Me
exchanges his credit for the credits acquired by the customers, and lends
credit for their accommodation, but he must conduct the business with such
Judgment that he can always meet his own obligations with cash on demand.
This la the essential thing about bank credit, that It shall always be the
ame as cash."
IDLFNESS.
Idlrnen it a constant tin and U
knr i rlutv. Idleness is the devil's
j- , ,
home lor temptation and unproht- I
able, detracted musing. Kicliard
Baxter.
Tsoth Put to Many Umi.
Ali KskltutM iirtVH aood teeth, bat
they nre subjm till t never imibs be
in iimh1 for pinchers, vices ami fluting
miH hlnes. The ieili are employed In
drnnlmt tt. utiijlnj: knots, holding
the ni'uthple e of n drill, shaping boot
oh- :uid strvtHiliiR and tanning skins
When they la--ouie uneven from hard
uxiiv'e they are leveled off with a 01
r whetstone.
!Mnklti-lt tiikes n long time to avi
HijytliiiiL' through IteMihrmigh'a skull.
i1N'nnt If: I'hyle I ghouh? say It does.
Tlmt him n will te ileiiil and hurled be
fore lie ever finds out he Is sick.
YohiuMom n TflHifTHin.
A Big Difference.
"I notice a great change In your little
boy."
"Aetohowr
"He used to dawdle and lag when
you sent him In the morning to the
tore. Now he's off like the wind."
'He's a boy scout now. with a men
magfi to Huiu-in-the-FHce. the grocer."
Louisville Courier-Journal.
Herald want ads bring results. Tr
them. Phone 340.
Building
Material
Of All Kinds
Direct to You
Tli' C. llafer Lumber Company
of Council HlufTn ships lumber,
mill work, hardware, paint, iu
fact any building material direct
to the user. We were one of the
first firms to deliver lumber to tho
users throughout the middle west.
(Hir equipment is so arranged
that we ship everything from one
place in one or more cars at one
time.
If you are in the market for any
building material whatever, mail
us an itemized lit of your wants
and we will quote you a price de
livered to vour nearest station.
V. 11AFKH LUMBKU CO.
Easier.
"After I wash my face 1 look In the
mirror to see If It's ch'iiu." confided
little Dorlw. "Iwn't your
"Don't hiive to. I look at the towel,"
Joyfully rejoined Willie.-Itrownlng's
Mwrazliie.
THERE IS 2 DISftPPGlNTMT IN
Dl ftTff'Mflat KLOL&T M WHENCE ST-
lrIKllC.9 BY Pmmhm PRIVATE EXCHANGE ft. 1114
I BUD FISHER CX W
Ijfl Famous Cartoonist, sayt: 1 1 1
(ffl "Tuxedo has made a pipe my favorite 1 ' 1 u
form of smoking. Its coolness and ' r.' J4 J ( YI
. mildness make pipe smoking a real tf& t I S All
J, pleature." , ' Q n ) CM
That jovial eve-twinkle vou cret " MY .A- iff
V ,AMit la' .GVV: Mil
Is
Tuxedo Keeps You
in Good Humor
That jovial eye-twinkle you get
from following the adventures of
Bud Fisher's famous characters,
"Mutt and Jeff," has a twin-brother
joy-sensation. You II find it m a
smoke of Tuxedo. Next time you feel that you want
the thrill of something real cheerful light up some Tuxedo,
and watch thepeaceful happiness begin to circulate through
your system. There's no saner, more wholesome joy than
that wnich Tuxedo gives you.
Tha Wct Pip Tobacco
I
i &.
You just look at the snappy, brainy,
cheery men in your own town that
smoke Tuxedo. It's the same way all
over the country millions of Class A
Americans make Tuxedo their day-by-day
cheerful companion.
Smoke all you want of Tuxedo. It won't
bite or blister. The famous "Tuxedo Process"
has taken that all out There's just simple,
" creamy-smooth smoker's delight in mild, rich,
mellow, superb Tuxedo.
YOU CAN BUY TUXEDO EVERYWHERE
f Famous Green Tin m
w rwnt
In Clou flumiJon 50c and 90
Convenient, glauine
wrapped, noUture
proof pouch . . . .
U Tin Humidor, 40c and 80c
THE AMERICAN TOBACCO COMPANY
FULL HAND STAMPED
TIIKI': "Buena Vista" 15 inch, bide cov
ered, wide swell, steel, fork, 14 inch
bulpe.
HORN Braided rawhide covered.
POHK t'OVKK 7 One piere. ei.le laced, raw
hide bound.
Fl'Mi SKAT Kawhide bound cantle. Seal
and jockey In one piece, steel neat plate.
SKIRTS 29 inch. Wool lined.
KKMKRS 10x17 Inch.
STIRRl l STRAPS 3 Inch, lined at point to
lace.
TIK STRAPS 1 i,,ch by 5 fet. Clncha
buckle strapn 2 Inch.
HACK SVIN1 Shaped and tied, laced cen
ter. STIRRl'PS No. 897 XC iron.
CINOIAS No. 170, 58 strand hard twiated
cotton Mexican front; No. 1. 4 inch web
rear, eomu'cted.
DI'jKS Leather covered.
I.KATIIKR Oiled sktrtin.
WKKilir About 35 pounds.
NO. :iK Complete, price, each $40.00
Stock Yards Harness Shop,
Sioux City, Iowa
A
$45
Saddle for $36 Cash
Our latest
Swell Fork
Saddle 14-iu.
swell front,
28-inch wool
lined skirt, 3
inch stirrup
leather, rig
made of best
leather, guar
anteed ; beef
hide covered
solid steel
fork.
Tlie FRKI) .Ml hl.l.KR
Saddle & Harness Co.,
1413-15-17-19 Larimer St..
DKNVEIt, COLO.
Send in your nam for our Catalog
now. ready
Another
Pet Idea
Smashed !
By MOSS.
Of course you know
our dear old friend, the
ichthyosaurus, is as dead
as a doornail.
Hes about as out of
date as the idea that
newspaper advertising
doesn't pay.
Newspaper advertis
ing absolutely pays under
two ccnJitions: When
the newspaper is a gcoJ
medium and when the
advertising is properly
displayed and truthful.
It pays the merchant
and it pays the buyer.
Experience has proved
this a million times.
This paper is a good
medium.
Will H. Beck Co.
JEWELRY STORE
In Diamonds, in Watches, in Jewel
ry, in Rich Cut Glass, in Silverware
(both solid silver and plated), in
Clocks, in Leather Goods, in
Chains, in Rings, (Set, Signet and
plain Rins) and everything per
taining to the Jewelry business
we are the acknowledged
"HEADOl'ARTKRS"
Nop tins have been spared to get
assemhltd the largest and best
assortments ever seen under one
roof in the entire Northwest.
WILL H. BECK CO.
DIAMOND MERCHANTS
AISD JEWELERS
SIOUX CITY, IA.
I
AK-SAR-BEN FESTIVITIES
OMAHA
SEPTEMBER 29th to OCTOBER 9th
Bigger and Better Than Ever, (or Ak-Sir-Den Moves Forever Forward
AUTO FLORAL PARADE, OCT. 5. Kvery Ptit Kin and Queo of
Ak-S.ir Ben will take part in this parade.
ELECTRICAL PARADE, OCT.
BOSTON SYMPHONY ORCHESTRA. OCT. 7. Thin ureal musical
orKHiiitHilon will appear at tlie Auditorium.
CORONATION BALL, OCT. 8. The West's grearwt xoclal event.
WORTHAM'S COMBINED SHOWS
On the Carnival Grounds every afternoon and evening. Admittedly
the largest, best and cleanest Carnival Attractions in the world.
NEBRASKA'S GREATEST EVENT
Ak-Sar-Ben hna ppread the fame of Omaha around the world.
Samson decrees that OU enjoy the feaUvltiea of 1915.