The Plattsmouth journal. (Plattsmouth, Nebraska) 1901-current, November 21, 1907, Image 3
raw The Theory Upon Which Conducted and the Between Banker is MUST KEEP A Some Timely Thoughts Hind in the Serious 'In our last issue, says Wallace's j Farmer, we urged every farmer to j stand by the banks in their effort to check the panic which started in New York as the result of gambling in stocks and threatened to sweep over the country and create more ru'.n and deso lation than fire, flood, hail, and diseases of livestock combined The article was written in haste just as we were going j to press, and we now take time to tell ! our readers why we consider it of the j utmost importance that they stand by the banks in this crisis. The first impulse of the man who was prohibited from drawing out in the form of cash more than a mere pittance of his balance in the bank would be to say: "Can't I do what I please with my own? It is my money and I am en titled to it when I want it and as I want it, whether in the form of gold, silver, paper or drafts. What business has the banker or any other man to say to ; me how I shall my business or my earn- j ir.gs; From one point of view the answer I creating great distrust and everybody would be yes ; a man has an absolute j rushes or is likely to rush to the bank right to do us he pleases with his own, j for his money, the banker has the right but every other depositor necessarily j both for self-defense and for the tie has the same right. In other words one ; fense of the constituents of the bank man has just the same rights and no j to say: "No. We give you the amount more than has every other depositor, i of cash which experience has shown to A moment's consideration, however, ! be nscessary. We will give you the willl convince any man that no bank j rest in checks or drafts, as we have ever has or ever can have money enough always done, and we will deal with on hand to pay all its depositors the j same day or even the same week. If i it had that power it would not be a hank at all. but a safetv deposit com- 1 pany; and instead of caring for your j deposits gratuitously or paying you in- j terest on time deposits, it would be j comnelled to chanre vou for its services I as safekecper of your cash. Theory on j which bankincr is done is that all the ! depositors will not want their money at the same time. The law recognizes this by providing that banks must keep a certain reserve fund in cash, 15 per cent in one class of banks and 25 per cent in another, it having been found by experience that under ordinary con ditions that this is ample and that the majority of the depositors do not want their money at the same time. A bank could not exist unless it could loan its deposits. The banking business is also based on the theory that the depositor will not want all his deposits in cash but will use checks and drafts. In fact from 90 to 96 per cent of the business of this '. large and great country is done not with cash, bnt with checks and drafts which i take the place of cash. If, therefore, through panic the depositors demand all cash and all at the same time or within a few days, they simply rendered bank ing impossible. If allowed to have it they would put the business of the country back two hundred years, and would not only break the banks, but, if the policy was general would bankrupt the business of the entire country, their own included. Furthermore, there are always more Rapid changes of temperature are hard S on the toughest constitution. JT to The conductor passing from the heated q inside of a trolley car to the icy temperature c$i of the platform the canvasser spending an cgt hour or so in a heated building and then walking against a biting "wind know the p difficulty of avoiding cold. J? Scott s Emulsion strengthens the body so that it can better withstand the danger cf cold from changes of temperature. It will help you to avoid talcing cold. ALL. DRUCCISTSl tot Qixn m the Banking Business Relations Existing and Depositor. GASH RESERVE That Agitate the Public Financial Troublas. deposit in the banks of the country than there is money. We pointed out some time ago the ridiculousness of the statement made by the daily press as to the amount of money deposited in the banks of Iowa, giving it, as we rec- ollect, as some two hundred dollars per capita. We have no doubt there was the amount of deposits stated, but that did not represent credit, and subject cash paid in, but to check the same as deposits of cash. It should be borne in mind that banks do not primarily deal in money but in credits. To illustrate: If a farmer goes to a bank, borrows $1,000 for ninety days at G per cent interest from matur ity, and places it to his account, the deposits of the bank have increased $1,000 and so ' have the bills payable, but there is not a cent more money in the bank than there was before. This may be checked out to depositors in the same bank, and still there is not a cent more money in the bank. i If, therefore, circumstances occur special cases of peculiar hardship as their necessities require. If you want to hoard this money away in flour sacks or old stockings, you can't have it. If we give one the privilege we must give it to all, including the men who have given notes as well as those who have deposited cash, and if all or even one- third of our customers should avai themselves of it the bank would go out of existence and no one would be fool ish enough to start another." It is admitted that there is no written law justifying the bankers in taking this itosition. You can make no law applicable to panics, when fear par alyzes judgment ; and in an emergency such as this the unwritten law of self- preservation supercedes statute laws and makes laws for itself. There is no law forbidding buying or selling stocks and bonds on margins, and yet last week you could neither buy or sell them ex cept outright. The same unwritten law for the preservation of the common weiiare wnicn closed the stock ex changes has led the governors of more than one state to proclaim a week's holiday - and forbids the gambling in stocks by buying on options. To have allowed depositors to draw and hoard their money, as they began to do in New York to the extent of fifty millions, would have paralyzed industry, sacrificed the year's crop of live stock and grain, bankrupted renters and the poorer farmers and their creditors. A time of re-adjustment of values is now before us, and the savings of the people which will be needed in this readjust ment, are now safe. 50c. AND SI.OO. Wanted a New .Trial. Senator Gilliland went to Des Moines Wednesday to be present in the supreme court when the motion for a new trial in the Brantner case came up. The supreme court recently found in favor of Brantner and the company filed a motion for a new trial. Brantner lives at Plattsmouth, and several year3 ago was badly used up while working as a switchman at the Junction. He was awarded a verdict for about $8,0;0 in a damage suit brought against the Bur lington. Glenwood Tribune. Matthew Gering, of this city, who is Mr. Brantner's principal attorney, is also in Des Moines in the interest of his client. We have heard nothing as yet, as regards the matter. Since the above was put m type Mr. Gering has arrived at home. And since his arrival he received notice that the motion for a new trial has been over ruled. This settles the matter, and the C. B. & Q. railroad company must pay over to Mr. Brantner the full amount of the judgment, which they should have done long since. WHY HOT TRY SAME HERE? Glenwood Woman's Club to Teach Young Girls How To Sew In speaking of a new organization by the Woman's Club of that city, the Tri bune says: "The sewing class for which the Glen wood Woman's Club recently made ar rangements will be organized and the first lesson given tomorrow afternoon in the basement room of the Glenwood public library building. This class is for girls over twelve years of age, and all who are interested should be at the library at 2 p. m. "This class will not acommodate more than twenty-five, and as those first on hand will be first enrolled promptness is advisable. At first but one girl from each family will be enrolled, and the formation of a second class will depend upon the interest and attendance at this time. "Girls intending to join at this time should bring with them needles, thread, thimble, scissors, and a small piece of white cloth, as the first lessen will con sist merely of instruction in the ele ments of plain sewing. "The ladies of the Woman's Club have engaged Miss Hehn of the Insti tution, and no charge whatever will be made for joining and participating in these lessons. "lhere is a general recognition of the j value oi sucn a course oi training, ana the club is being heartily commended in this work. There is talk that a class j for adults may also be formed, but this j as yet merely speculative, and will de- j pend entirely upon the action of the j ladies who may desire to participate, i Would it not be in order for the Wo- : man s Club ot nattsmouth to arrange j for a similar organization. It would be the means of keeping young girls off the street, at least a portion of the time, and learn them to be useful in the future. John Theirolf Died Yesterday. John D. Theirolf, a cousin of Philip Theirolf, died yesterday afternoon at 3 o'clock, at his home near Cedar Creek, of a complication of diabetes and blood poisoning. Mr. Theirolf was born in Germany, and came to this country a number of years ago. The ,funeral will be held from the church near the burial ground which is known as the Walradt cemetery, at which the interment will be made Rev. Spreigle will deliver the funeral oration. Mr. Theirolf leaves a family and was about 64 years old. We will give a fuller account in Fri day's paper of the funeral and of Mr. Theirolf 's life. Would Make Peaceful Settlement. John M. Ruby vs. Luevinnie Ruby, is the title of a suit filed in district court today, where the above-named parties have from experience found that they cannot longer live together, they therefore ask the court to give them a legal separation. There are four chil dren from the union, three boys and one girl. It is stipulated that the boys are to go with and be under the charge of the father, while the little girl shall remain with the mother. What prop erty they have is to be equally divided. He Fought at Gettysburg. David Parker, of Fayette, N. Y., who lost a foot at Gettysburg, writes: "Elec tric Bitters have done me more good than any medicine I ever took. For sever al years I had stomach trouble, and paid out much money for medicine to little purpose, until 1 began taking Llectnc Bitters. I would not take $500 for what they have done for me." Grand tonic for the aged and for female weakness. Great alterative and body builder; sure cure for lame back and week kidneys. Guaranteed by F. G. Fricke druggist. 50c. This Is Worth Remembering. As no one is immune, every person should remember that Foley's Kidney Cure will cure any case of kidney or bladder trouble that is not beyond the reach of medicine. F.' G. Fricke & Co. IMPROVING Tl'z niSSOTril RIVER A Concerted Action of all River Towns llecessary JJAn Omaha correspondent says: Om aha has been wooing the god of waters for the past month and if there is any way possible for the cities along the Missouri river to induce congress to appropriate funds for betterments, channels and the like the near future should witness the necessary appropria tion. The river project was first started during a visit of Congressman J. Adam Bede about a month ago. lie is on the river and harbor committee and he told the citizens of Omaha a few plain facts concerning their chances in congress. He made it plain that the plan must have no false supporters, men who would speak by the hour for the deep channel but who would send the sinews of war to block the appropriation. Then he said earnest and persistenc elfort would in time win out. He saw no reason why river boats should not be competing with the railroads. The traffic was so heavy on the latter that the country could support added facili ties. The first signal note for renewed river traffic was but following efforts that had previously been made at Kan sas City and which was followed at Sioux City. The river banquet then took place this week in Omaha attend ed by prominent men of the Missouri river valley and old river men. Now encouragement comes from Montana some of whose cities were built up by river trsflic. To the ordinary person who stands on the footbridge across the Big Muddy at Omaha and notes the tortucus channel of the stream.it seems a far cry to river navigation, but the river men assure those behind the pro ject thatit is entirely feasible ;that con ditions are no different from the days when boats did ply up and down the Missouri: and that united effort with accent on the "united" must win. Are Ready for Business. The Farmers Co-Operative Elevator company at Cedar Creek, which has had its building in course of construe tion lor some time, now has it com pleted and ready foY business. It is understood that they will open the ele vator for traffic today. They have built a very large structure, with great i storage capacity, in order that when I cars are scarce it will not be difficult i to take care of what grain is offered. Lsdy Superintendents. The following is a complete list of the iadv COUnty superintendent of schools, elected at the recent election, and the names of their respective counties: Blaine Etta Brooks. Rep Brown Florence Johnson ... Rep Curt-Eda C. Nelson Dem Butler Elizabeth Shaffer Dem Cass Mary E. Foster Dem Chase Leocia Fletcher Rep cherry Lulu Kartz ..Ren Clav Edith Lathron Fus Cuming Emma R. Miller Rep Dakota Mary Quinn Dem Dawes Jennie Ellis Rep Deuel Tillie A. Davis Pet Dundy Maud Porter Fus Gage Anna Day Rep Hall Margaret Brown Rep Hayes Margaret West .Rep Holt Florence Zink Rep Kimball Alice Wilkerson Rep Logan Sadie Bakewell. Fus Loup Florence Fay Rep McPherson Mrs. Ruthie Miller... Rep Merrick Frankie Kelley Rep Nuckolls Ida Bossernon Rep Perkins Jessie Lamb Rep Polk Lillie Cole Dem Red Willow Claudia B. Hatcher.. Dem Scotts Bluffs Agnes Lackey Rep Thomas Nellie R. Vandling Rep Val'ey Eva B. Schuman Rep Webster Nellie W. Castor Rep Wheeler Edna Blackman Rep York Alice Florer Rep Visiting With Relatives. Mrs. J. A. liaira oi tfeioit, Kansas, a sister of J. E. Kelly, who has been vis iting here for some days past, departed last evening for Murdock, where she will visit with Mrs. C. E. McDaniels, a sister of Mrs. Kelley here,rwho accom panies Mrs. Baird. From there they will visit at Sterling with Henry Mock enhaupt, a brother of Mrs. Kelly, and will be joined at Lincoln by Mrs. L. E. Skinner. After visiting at Sterling they will go to Council Bluffs where they will visit J. F. O.Neal, before re turning to their several homes. Depart For Oklahoma. Jacob Tritsch and wife and Mrs. Maggie Volk, mother of Mrs. Tritsch, departed this afternoon for Renfrow, Oklahoma, where they will visit for some time with their relatives and friends in that country. Besides Mr. Tritsch will look over the country with a view of making a purchase of land if anything should be found that would appeal to him. E nglish Spavin Liniment removes Hard, Soft, or Calloused Lumps and Blemishes from horses; also Blood Spavins, Curbs, Splints, Sweeney, Ring Bone, Stifles, Sprains, Swollen Throats, Coughs, etc. Save $50 by use of one bottle. A wonderful Blemish Cure. Sold by Gering & Co., druggists. A Wise Business will beep a deposit to draw upon at all times in a secure bank. Money draws no interest that is kept in your strong box, but it is constantly at work, as are the bees, when entrust ed to the care of THE BANK OFGASS COUNTY PLATTSMOUTH, NEB. The Stork Very Kind. rrom the iouowing list ot births in the vicinity of Weeping Water, taken from the Republican, it appears that stork has been extremely liberal in his delivery in the past week or ten days: Born, November 8th, to Mr. and Mrs, Wave Allen, a daughter. Mr. and Mrs. Bert Dill are the par ents of a son, born Wednesday, Novem ber 6th. A little daughter arrived at the home of Mr. and Mrs. George Conley on Tues day, November 5th. Born, to Mr. and Mrs. Chris. Miller, on Monday, November 11, 1907, a boy of 7J pounds weight. Born, to Mr. and Mrs. W. W. Coat- man, on Monday, November II, 1907, a boy. Born, to Mr. and Mrs. O. A. Allen on Sundav morning, an 8 pound girl. Of course Oscar set up the cigars as soon as he could get to town. While the Journal joins in extending congratulations to all the above parents, we in particular, must express our good wishes for the future of the little lady who came to gladden the home of our friend, Oscar Allen and wife, who truly deserve all the pleasantries this mun dane sphere can donate to the living. County Commissioners. ine commissioners were in session Monday and Tuesday of this week, and besides the many claims allowed, the following business was transacted: The resignation of William Weber as justice of the peace of Plattsmouth city was accepted, and D. II. Barr,who was elected at the recent election to the position, was appointed to fill va cancy. SJThe following bonds of justices of the peace were approved : Plattsmouth, D. H. Barr ; Avoca Precinct, Orlando Teff t ; Weeping Water City, P. S. Barnes ; Liberty precinct, Reuben Foster. James Robertson, clerk of the district court, was instructed to pay George F. Houseworth the sum of $67.40 now in his possession, fees belonging to him during his term of office. Grain Dealers Meet Yesterday The grain dealers of this vicinity met yesterday at Nebraska City to consider the questions which are confronting them as touching the money question. Some instances are reported where on a single car of grain, the exchange for a draft has been as high as four dollars. To see if something could not be done to remedy this and other grievences was the subject of the meeting. There was a large attendance but nothing definite was arrived at as to what course of action would be pursued. t Funeral of Mrs. Henry Hirz Last Sunday from her late home was held the funeral of the late Mrs. Henry Hirz, jr., who died a few days before. The services were conducted by the Rev. Spriegel, of the German Presby terian church west of the city, and a large number of friends and relatives were present to pay their last sad rites to the memory of a good woman and fond and faithful wife, and a friend to all. This couple had been married only about a year, had, as one would sup pose just started upon a life which was to bless all around them. The inter ment was made in Oak Hill cemetery, the pall bearers being John Gorder, Philip Becker, John Wehrbein, Ed Treitsch, William Rummell, and Louis Born. No home is so pleasant, regardless of he comforts that money will buy, as when the entire family is in perfect health. A bottle of Orino Laxative Fruit Syrup costs 50 cents. It will cure ever member of the family of con stipation, sick headache or stomach rouble. F. G. Fricke & Co. CASTOR I A For Infants and Children. The Kind You Hate Always Bought Bears the Signature of Mvirdock. (Ity U. A. 4 !.) l'KODl.'CK MAUKKTh Corrected weekly by Martin X T.o!. who pay ln' highest prices for product and guarantee satisfaction: Itutt-r m ha a; HfiiH k 7C Sprint; Cream S.Vt ''Hlllt ?'J..' tl M llor t-4.ix tilCAIN MAICKins. Corn . . WlK'Hl Oats... ..'tie Rock Island Time Tahi.k Murdock Station. WKST IMU'NIJ. 15, local 9:52 a. in. 8", local freight M:.'K) a. rn. . mall '2:'.Ui p. nv No. No, No N. 37. mall 3 p. m. No does not stop for passegers east of Denver. KAHT l;Ot'NI. No. 91. freight 12::t0a. m. No. .'104, local passenger. .... .:11 a. m. No. 18, Local 12:::0p. m. No. fi, mali :i:0 p. m. No. 8, local frelgnt 1:14 p. m. No. i dops not stop for passengers west of DsMolncs G. A. Leis transacted business in Omaha Friday. John and Fred Westlake and wive visited in Omaha Friday. John Glaubitz is down from Neligh for a short visit with relatives. Miss Mamie Schewe returned from Lincoln Saturday. Geo. Utt transacted business in Green wood Saturday. Oscar McDonald visited at Murray Saturday. Chas. Campbell anil Allie Root were Omaha passengers Sunday. Chas. Rager transacted business in Lincoln Saturday. Wm. Gehrts is exhibiting the Larison gasoline engine in Omaha this week. J. W. Shank and wife were down from i icoln Sunday for a short visit with relatives. While Wm. Wilken and wife were out driving Sunday evening the team became frightened and ran away throw ing the occupants to the ground, bruis ing both considerably. Mrs. Wilken has been confined to her bed this week as a result. II. A. Tool transacted business in Lin coln Tuesday. Mrs. Arch. Rager and Mrs. ('. J. Leis returned Monday after a two weeks visit in Kansas. Miss Meta Neitzel was a Lincoln pas senger Tuesday. While looking over the new house of Mr. Gurr's Tuesday, Mrs. Wm. Heier fell lown stairs sustaining some severe bruises, but breaking no bones. Mrs. A. E. Frascher entertained the Kensington Wednesday afternoon. Jacob Goehry, sr., transacted busi ness in Lincoln Wednesday. Jake Goehry , jr., is on the sick list. A dance will be given in the M. W. A. hall on November 28th. John Arres and John Schoeman will have a shooting match in Murdock November 27th for ducks, geese and turkeys. Come out and get a goose for your thanksgiving dinner. Mrs. Kelly of Plattsmouth and Mrs. F. Moore of Murray visited with Mrs.' Oscar McDonald this week. Grandma Heineman pulled in from Plattsmouth Wednesday for a visit with, relatives and friends. Some petty thievery has been reporjf f in Murdock of late and it might be wi for someone to sit up and take notice,. before they get a chance to carry away a load of shot. , John Cook of Fuma3 county visited friends here Wednesday. Enjoyed Her Visit. Miss Maggie' Stoehr, daughter f Phillip Stoehr, who ha3 been visiting- with relatives at the old home at Pekin. Illinoi?, came in this morning, and was accompanied by Richard Lohnes, from that place, who is a cousin of Jacob Lohnes, living west of the city. The gentleman will visit with friends and1 relatives here for a while but thinks be will not remain here permanently. While in the east Miss Stoehr had a very enjoyable visit. Uncle Nick's Present. Uncle Nick Halmes, one of our stead fast German friends, and a pioneer of Cass county, has presented the old man of the Journal with a walking stick, which is made from a hemp stock, grown on his farm, and of four months growth, is six inches in circumference at the butt end and tapering gradually down. Uncle Nick took the trouble to paint the stick nicely, and while it Li very light, it serves its purpose welL We shall keep .this token of esteem as a gentle reminder of our old friend, with the hope that he may live many years longer to enjoy the unusual amount of "comfort" he has laid up for the veritable "rainy day." Constipation, indigestion, drive away appetite and make you weak and sick. Hollister's Rocky Mountain Tea restores the appetite, drives away disease, buikts up the system. 35 cent3, Tea or tab lets. ' . Stoves For Sale. Two good wood heating stoves for sale cheap. Inquire of Mrs. P. E. Ruffner, Plattsmouth "phone 273.