LARGE
e rawEV
The Total Circulation is Two Hundred and
Seventy-Four Millions More Nov
than One Year Ago.
EXPERIENCE BANKERS BELIEVE
That the Present Scarciety of Currency Will
Be Followed By An Excess Reserve
in a Very Few Months.
In the judgment of men who are fa
miliar with financial conditions and
have had experience with former mon
etary crises, there will be more cash
in the hanks of the United States within
six months than can be comfortably
taken care of, and from the present
condition of currency scarcity the coun
try will pass into a period of redundan
cy of the circulating medium.
According to the statement of the
United States Treasury the amount of
money in use outside of the treasury
was 271 million dollars greater on De--cember
1, 11M)7, than on the correspond
ing date last year. Yt there is such a J
scarcity of currency now that it has
sold, in large amounts, at a premium in !
New York for a month past, and nearly ;
every bank in the country is limiting
currency payments as small as possible. I
This is because small sums have been ,
biil'kn away by persons who are afraid
to trust their money in a bank. How j
much ho lnling has been dune it is im-)s.-ib!o
to say, though the combined
statements of all the national banks of
the country, when they are compiled, i
will give some notion as to the extent
of the hoarding.
Banks Hoarding. Too.
The belief has been growing for some .
time that the bank statements will show
extensive hoarding by banks as well as ,
by individuals. This is natural. A ;
banker who sees evidences that his cus- ,
tomers are losing faith in him, naturally !
wants to conserve his cash and be pre-!
pared for any emergency that may ;
arise. The hoarding by the banks has i
been done more in the country than in j
the cities. Probably few banks in re- ;
serve centers have an excess of actual :
cash in their vaults, but it seems clear
that most country banks possess much (
more currency than they are accustomed ,
to carry.
Money Will Soon Return to Banks.
The amount of money hidden away j
outside the banks probably is several
hundred million dojlars more than in I
ordinary times. Approximately 3,000
millions of currency of all sorts are in
use, of which probably one-third was in
bank reserves before the present finan
cial flurry struck the country. The
withdrawals from banks in the past six
weeks have been variously estimated at
from 100 millions to 400 millions. What
ever these withdrawals amounted to, it
is considered practically certain that as
much as was drawn out, and probably
more, will be put back in the banks
within six months. That has been the
expecience following previous periods
of financial stress. Of course many
people who became timid, remain so
and keep their cash in hiding. But such
money is offset by the increased bank
reserves owing to the diminished activ
ity of business, which puts more money
in the banks and takes it out of active
circulation among the people.
The Cash Now in Use.
The supply of money in the United
States outside of the national treasury,
as shown in the December circulation
statement, is as follows:
I . J. i.X'7 I . i. i:hh;
Colt! ruin 5 "! 1.577. !.V.' ? t;..".!Cl.lJJ
i ..i.i i i niii att s ... t;r.t;ii.-v.t r.r.ii7L'.ir.
l:tiiil;tril Mler dol
lar '.1.!C!.54!t 47U.1I..VC!
Silver rrrl ilinitrs 4iW.!.'3. !-'4 470.1 1 .:;
Sulisiiliiiry silver l.tj.'.i7!.tilj l.".l.7lii
Treasury notes. Ji'X. 5..:t7.ei;7 .sll..7ti
("iiitetl Stntrs notes 34 l.lisi'.;.7 SI4.-Ji0.:tt!
National liank notes ti s. !.". 1 1 7 5s3.46.'!.H'4
EXCITING
RUNAWAY
Was Had by Three Young
Men from Mehawka While
Coming in foiheCify
This Morning.
(lust. Hansen, Ed Wolfe, and Fred
Hild, three young men from near Ne
hawka, this morning while coming to
town, had their team get frightened,
near J. M. Vondron's place, and break
ing the circle of the tongue, which
made it impossible to hold the buggy as
they sped down the hill side past the
Pearlman place. When the buggy
pressed upon them, the horses which
were high-spirited anyway, became
frightened and ran away, one side of
the tongue being detached, made the
vehicle veer to one side. It upset and
spilled the occupants out in profusion.
Mr. Hansen was thrown upon the
frosen ground, with the other two men
on top of him, badly bruising his left
knee. Ed Wolfe became entangled in
the wreckage which was dragging and
was carried some distance before he
could clear himself. Fred Hild was the
most fortunate of the three as he came
out of the scrimmage uninjured.
Mr. Hansen came to the city and had
his knee dressed. While it is so he can
walk on it with a great deal of trouble
it is very badly bruised. Mr. Wolfe's
injuries consist mostly of bruises while
being dragged with the wrecked buggy.
The horses became detached and ran on
down town, where they were caught,
uninjured. The buggy was a wreck,
and the harness badly broken, as well
as the two injured men. They could
not see anything which could have
caused the team to become frightened,
and coming down the hill as they did it
seems a wonder that they did not re
ceive greater injuries than they did.
Total r5.OOS.-i41.5s3 J-'.f.OT-J.SiS
The actual supply of gold a year ago
was 13o million dollars less than the
figures here given, according to the
director of the mint, who, a few months
ago made an arbitrary reduction of 135
millions in the estimated amount in use,
to cover errors and duplications in past
records.
With the probability of overloaded
bank vaults within a few months, some
bankers believe there will be an urgent
demand on congress to change the law
limiting the retirement of national bank
notes to 9 million dollars monthly. It is
expected there will be demand for the re
tirement of circulation at a much more
rapid rate that.
BOOSTING THE
JUNIOR NORMAL
State Superintendent McBrienin Favor
of Certifcation Plan.
A special from Lincoln under date of
December 11, says: In his annual re
port to Governor Sheldon, State Super
intendent McBrien today declared in
fa-or of the certification law, com
mended the act to strengthen the weak
er school districts of the state and
boosted the junior normals. Concern
ing the latter he said;
"During the past five years the en
rollment in the junior normal schools
reached nearly 5,000 teachers. Never
did the state do so much good with so
little money in the professional train
ing of its teachers. We shall have over
1,500 teachers enrolled in these eight
junior normal schools during the session
of 1903. This will equal the combined
enrollment at the state normal schools
during their summer sessions and we
have reason to be proud of the enroll
ment at our two great state nomal
schools. Notwithstanding this phene-
menal attendance at the junior normal
schools, the attendance at the junior
normal schools, the attendance at all
private and state normal schools has
increased from vear to vear. During
each of the past two years over 6.000 j
teachers have attended summer school.
The reason for this unprecedented at- j
tendance is the demand of the public !
for better qualified teachers. These :
teachers have met with a substantial j
reward on the part of the public in an j
aggregate increase iu teachers wages
of over $700,ut0 during the past two j
years. I
"Many county superintendents testify '
to the better work accomplished in
their schools as a result of the profes
sional training given their teachers in
the junior normal schools. The hearty
support given these schools by county
superintendents, the attendance on the
part of teachers, the liberal patronage
and the generous donations from each
place where a junior normal school has
been located, the excellent services ren
dered the state by the principals and
instructors and the heroic efforts put
j forth by the teachers themselves make
; a record full of credit and honor. Let
me assure you of the appreciation of
the teachers and the people in the terri
tory of the junior normal school of your
friendly attitude toward the work of
these schools."
Missouri Pacific Lays Track.
A force of fifty men began work last
week laying the new 85-pound steel on
the Missouri Pacific road, beginning at
a point one and one-half miles this side
of Falls City. They will continue from
there as far as Union. The work will
be continued through the winter months.
A large gang of graders have been
working out of this place for the last
two weeks widening the grade prepara
tory to the laying of the new steel.
The improvement is a long needed one
and will be greatly appreciated. Ne
braska City News.
About Right.
The taking off of the merry-go-round
train was a great disappointment to
Weeping Water citizens and also many
in the western part of the county. In
fact all along the line. It was conven
ient, and the best train service we ever
had, but some wise heads have con
cluded that the road was getting too
accommodating or else not making a
mint of money therefrom, and so con
cluded to discontinue it. Weeping
Water Republican.
! What Each Man Gets.
An old friend who sells the exilerat
ing article, called our attention to the
following summary of a whisky trans
action, telling what each man gets,
taken from the Retail Druggist of De
troit, Mich:
From a bushel of com a distiller
gets four gallons of whisky,
which retails at $16 00
The government gets 4 40
The farmer who raises the corn
gets 20
The railroad gets 2 00
The manufacturer gets 9 40
The wholesaler gets Rich
The retailer gets Hell
And the consumer gets Drunk
Santa Claus Was Here Today.
Mrs. W R. Adams, of Omaha, in the
place of Santa Claus, made a very
pleasant visit at the Masonic Home
this morning bringing many things to
brighten the eye, bring the smile to
the lips and cause a grateful feeling in
the breasts of the old folks at that
institution. This is the kind of Gospel
we advocate. These acts of kindness
go farther than the flowers on the
casket. Do the kindness while the re
cipient can appreciate it.
Here's Good Advice.
0. S. Woolever, one of the best known
merchants of LeRaysville, N. Y., says:
"If you are ever troubled with piles,
apply Bucklen's Arnica Salve. It cur
ed me of them for good 20 years ago."
Cures every sore, wound, burn or abra
sion. 25c, at F. G. Fricke & Co.'s drug
s tore.
Fred Schroeder Not So Well.
Mrs. H. J. Schluntz, who was at
Council Bluffs to see Mr. Fred Schroe
der, who is at that place in a hospital,
reports his condition as not being as
well as formerly. The physicians and
nurses at the institution report they
have but little hope of his recovery.
Mr. Schroeder is a step father to Mr
Schluntz.
Will Plead Guilty.
Attorney Matt Gering has notified the
food commissioner that the saloon men
of Plattsmouth, who were proceeded
against for selling liquor from unbrand
ed bottles will plead guilty and take
their fines. The penalties run from $10
to $100 in the discretion of the court.
Nebraska City Press.
Farm for Sale!
One of the best 160 acre farms in Cass
county for sale. Improvements are ex
tra good. Six room house and good
barn to hold 50 tons of hay and 18 head
of horses. One and one-half miles east
of the Wills place.
John Urish, Owner.
John Sutton, from Rock Bluffs, was
a visitor in the city this morning.
Laxative Fruit Syrup
Pleasant to take
The new laxative. Does
not gripe or nauseate.
Cures stomach and liver
troubles and chronic con
stipation by restoring the
natural action of the stom
ach, liver and bowels.
Refuse substitutes. Prloe OOo.
FOR SALE BY F. G. FRICKE
Tha 1mm
i. en
anon
and m
7
3
A Holiday stock that is first in variet
beautiful display of gifts meets all rejui
y and quality and fairest in pn.v. ( ) ir
rcnunts from first to last. 10 ery de
partment is tilled with fresh -ods.
For tfifts that are decidedly popular
and pleasing see our line of watches.
Clock's, Rinjs, Chains, Fob-, Stick
Pins, CutT Buttons, Brooches. Cut
Glass. Souvenir Spoons, Thimbles,
Fountain Pen, Silverware and Nov
elties and many charming and ap
propriate gifts that cannot be here
enumerated. A hearty welcome no
matter whether you come to see or
buy.
John W. CrabiKI,
c, b. &q. wtch inspector. Watchmaker and Jeweler.
I
c n nrn n f7& n 55
AT
ran n
Si, j O
O 8 8
200 Pairs of Manufacturer's Blanket Samples
on sale at wholesale cost and less. We have just received from
one of the largest wholesale dealers their complete line of
Blanket Samples from the the lowest priced cotten to the high
est priced all-wool from 50c a pair to $1.00 a pair. We place
them on sale without reservation at from 33 1-3 to 50 per
cent discount from the regular retail price. If you are inter
ested in Blankets to guard against the cold winter nights to
come, this is your opportunity. Also two dozen
Home-Made Silkoline Comforts at Less than Cost
8
of the materials only $1.98. Made in plattsmouth by the la- b
dies of the Methodist and Christian churches. Best grade 8
Silkoline, full rize, filled with nice, clean cotton well made. If
you don't believe it, ask the ladies. 8
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