8
THE NEBRASKA INDEPENDENT
April 10, 1902
Hail Orders &&zbMiwm&i- Lincoln, liebr.
SPECIALS IN SEASONABLE GOODS
' Ladles' Jackets, Suits, Waists, Etc.
We have just received a larger shipment of the very latest styles and the
prettiest shades in Brown Suits, ever shown in Lincoln. Don't fail to see them.
New Eaton Jackets in Moire Silk, in "Gibson" Blouse styles $ 0 00
"Rainy Day" skirts, in dark gray or pretty brown mixtures, 5 gore, tailor
seams, tailor stitched at bottom, serviceable wearing cloth in large or flfl
small sizes. They are exclusive with us. Your choice at OfciUU
Moire, Taffeta, and Peau de Soie silk skirts, with brussels net drop skirts
, one of the latest ideas of the season. Call and see them, our prices on
them will be an agreeable surprise to you.
Embroidery and Lace Sale
For 3 Days, Commencing Thursday, April 17.
Every one interested in these lines should take advantage of this event, as
there has never been such a good opportunity offered in Lincoln to select from so
large a variety of patterns at such erood values. See the window display of these
goods.
Wash Goods
We are showing a choice line of printed batistes and dimities I Cp
special value, at I uu
Printed lawns in a wonderful assortment of styles I (a
and colorings rvt I U u
Printed Cotton Foulards in nice showy patterns, also best quality ScotchQCp
Zephyr ginghams, in exquisite colorings and styles, splendid values at. . . L Ju
Embroidery tissues, fine quality in delicate color Q R 0
combinations at 0 U b
White Goods
White Lace Stripe Batiste in new and stylish patterns, I f
6plendid values at 20c, 15c 124c and I Uu
Fancy piques in nobby patterns, excellent values I C
at 45c, 35c, 25c, 20c and I UU
Dot bed and Embroidered Swiss, very handsome patterns OKn
at 50c, 35c and .ZoU
Mercerized Fancies in a large and beautiful line QKn
at50c,40cand , Oub
Shoe Department
Ladies' fine shoes in all kinds of leather, Vici kid, box calf, etc, built in all 4f) fin
styles, heavy, light or extension soles, are good values at 12.50, special ZUU
Try our slippers at 81.00, 85c, 69c
and. ,
See our Oxfords
at $1.97, $ 1.75, $1.50 and
...49c
.$1.25
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Send Orders for Samples; Men ion This Paper
Lincoln, Neb.
(Mention this paper)
If You Cannot Attend in Person a
flail Order Will Buy as Cheaply
WRITES INSURANCE AT COST
Neb. Mercantile Mutual Insurance Go.
Lincoln, Nebraska.
Fire, Lightning and Tornado
Officers and Directors
Edward M. Coffin, President, Lincoln,
E. M. Bartlett, Vice president, Omaha.
Dr. C. E. Coffin, Treasurer, Ord.
W. B Linch, Secretary, Lincoln.
Dr. B. L. Paine, Chairman Ex. Com.
James H. Casebeer, Blue Springs,
R. M. Taggart, Nebraska City,
D. C. Stratton, Pawnee City.
George L. Loomis, Fremont.
Home Office, 130 North 10th Street.
D. C. PERKINS, Manager for City of Lincoln, Phone 660
Collects down, at time of writing, a sum equal to one-half Board Rate
Agents In all town. Adjusts fairly and pays promptly.
ravo
Schil
er
Si ijL
M r.-', m-z m. m a
The Schiller Piano has always been the favorite with people wishing
a really good Piano at a moderate price. In short, it has not a
single equal at the price. Their success along this line has in
spired the company to attempt something higher. The new High
Grade Schiller is the result. This, like the medium grade, is the
best yet produced for the money. The price is necessarily some
higher, but just as low in proportion to quality.
Write for description and prices to the '"'
Matthews
Piano Co.
Ware room
1120 O Street
LINCOLN, NEBR.
3 CERTIFICATE OF PUBLICATION.
STATE OF NEBRASKA.
OFFICE OF
AUDITOR OF v PUBLIC ACCOUNTS .
- Lincoln. February 1. J902. '
lh s 1 9ttl PP15aWe to such torn
fKan5 ? theor authorized to con
tinue the business of Fire and l.!2htnlnir in
surance m this Ptate for the current "Vemi end
inr January 31, 1903. i Bflt ,er ena
f PnX9iLhd ?k d ,the M of the Auditor
of Public Accounts the day and year first above
written.'' -
POPULIST PRINCIPLES
A lculon of the Honey Qneation En
tered Into by Mr. Warren Over 33
Yeara Ago
(The speech below was delivered by
Hon. Marvin Warren in the Ohio house
of representatives, February 8, 1869,
upon resolutions concerning the pub
lic debt and the currency, and is in
troductory to a series of articles from
the pen of that gentleman, which will
appear from time to time in The In
dependent. It is interesting to note
that Mr. Warren's ideas then on value,
money, and like' subjects are identi
cal with the populist position today,
and that during the more than 33
years which have elapsed he has held
tenaciously to these ideas and worked
industriously at all times to dissemi
nate them.
Mr. Warren calls attention to the
fact the speech was made over 33
years ago, after our currency had been
contracted over $800,000,000, and a
law passed stopping contraction for
the time being by reason of the pub
lic distress and clamor. The speech
was made 36 days before the law re
quiring coin payment of the national
bonds as to principal, four years be
fore the law demonetizing silver dol
lars, six years before the law for spe
cie payments, nine years before the
Bland law, and 23 years before organ
ization of the populist party, although
it is In perfect accord with the plat
form of that party and his own pres
ent views.)
Mr. Speaker:
The cardinal principles involved in
all tais complicated subject are far
less in number, and plainer than is
generally supposed. The resolutions
before us are drawn with reference to
this fact, and in advocating them I
shall not be under the necessity of
laying uown new truths, but only of
taking three certain old ones, admit
ted by all, or nearly all, to be truths,
and make a faithful application of
them to our present condition and cir
cumstances. These, truths are
1. We cannot for the present dis
pense with paper currency, nor suffer
any diminution in the quantity of
currency.
2. The guaranties of the govern
ment must be performed in good faith.
3. The first and main object to be
accomplished is to bring the paper
currency to par.
What I have to do now is, to dis
cuss tLese three propositions in their
order. And first,
We cannot for the present dispense
with paper currency, nor suffer any
diminution in the quantity of cur
rency. The present secretary of the treas
ury entered upon, and carried forward
the business of contraction, or with
dawing the paper currency, until the
people found, that however nice that
was in theory, it would not do in prac
tice. And the experience of the peo
ple in this was founded in reason.
The paper currency even yet amounts
to more than double the amount of
coin in the country. And now to con
tract the currency to a specie basis
while we have so large a public debt
upon us, and such a tax of yearly in
terest to pay, would at least double
the actual amount or burthen of that
debt, principal and interest.
We are therefore required to be
practical, and recognize the fact so
plain to be seen, that whether paper
currency was from the first an evil or
a benefit, it will not do to dispense
with it, either in whole or in part, so
long as we have this great national
debt upon us, and especially while we
are unable to draw into circulation
any portion of the specie in the coun
try. Hence let us not be embarrassed,
in the consideration of the subject by
any learned twaddle, so usual to be
put forth, about the evils of a redun
dant paper currency.
And now I come to our second pro
position, that
The guaranties of the government
must be performed in good faith.
The rule of honesty that the faith of
the government must be preserved by
a strict performance of all its guaran
ties, is now agreed to by all, or prac
tically so. Since this general assem
bly was in session last spring, the two
great national parties have met each
in convention and affirmed this doc
trine. The republican platform de
nounces all forms of repudiation as a
national crime, and declares that all
government creditors must be paid in
good faith, not only according to the
letter, but the spirit of the law, under
which it was contracted. The demo
cratic platform does not declare this
doctrine quite so positively, but by
necessary implication, it affirms The
same, to almost its full extent. So
that this may now be regarded as the
sentiment of the American people, and
we have no need to argue here its
soundness, but only to apply it to the
facts and circumstances of our case,
and this I now propose to do.
I hold in my hand one of the United
States legal tender notes. And as this
controversy relates almost wholly to
this kind of note in some manner or
other, I propose to consider for a few
minutes the guaranties upon this note,
and the spirit and the letter of the
laws under which it was issued, and
see if the government has committed
or is likely to commit bad faith in re
lation thereto; and if so then in what
particular?
I find upon one side of this note, are
printed these words: "The United
States will pay the bearer one dollar,
at the treasury in New York, August
1st, 1862 F. E. Spinney, Treasurer."
Now it is to be borne in mind that the
government must perform each and
every one of its guaranties as in the
language of the republican platform
stated, "in the utmost good faith, not
only according to the letter, but to the
spirit of the law under whicb it was
contracted." And what is the "letter
and what is the spirit of the law
under which this guaranty or debt
was contracted? Not that the gov
ernment would pay on demand, in
coin, one dollar to the first person who
should bring it to the treasury. No
thing of this kind was ever to be
found in either the letter or the spirit
of the law but on the contrary, it was
provided and well understood by
everybody from the first that all notes
of this .kind were issued because they
i"'"''" mrmAA .f- ; ,-n nT - - - i -i
A Good Hearted
M
or in other words, men with
good sound hearts, are not very
numerous. The incre as i n jj
number of sudden deaths from
heart disease
daily chron
icled by the
press, is proof
of the alarmtf
ing preva
lence of this
dangerous
complaint,
and as no one
can foretell
just when a
fatal collapse A- K re am or.
will occur, the danger of neg
lecting treatment is certainly a
very risky matter. If you are
short of breath, have pain in
left side, smothering spells, pal
pitation, unable to lie on side,,
especially the left, you should
begin taking
M?ieV Heart Cure.
J. A. K reamer of Arkansas City, Kans.,
says: "My heart was so bad it was im
possible for me to lie down, and I could
neither Bleep nor rest. My decline was
rapid, and 1 realized I must get help
soon. I was advised to try Dr. Miles1
Heart Cure, which I did, and candidly
believe it saved my life."
Dr. Mile Kemcdles are sold
by all druggists on guarantee.
Dr. Miles Medical Co., Elkhart, Ind.
ject of their issue; for the coin with
which they should be redeemed, would
be immediately hoarded up, and the
currency would be contracted to the
amount redeemed. The bonds having
totally failed of giving a currency at a
time, when, under the exigencies of
war, more, currency was needed than
ever before, it was thought to be a
matter of necessity for the govern
ment, under the exercise of its sover
eign power, to issue these notes to
circulate as money, and be made a
legal tender, for the payment of the
debts of their own contraction, as well
as others for the time being, until it
should be found expedient to with
draw them from circulation, which
time has not yet arrived. So there is
no bad faith and no violation of either
the letter or the spirit of the law, that
the notes of this kind have not been
redeemed before this time in coin.
But I turn this note over, and on
the other side I find another guaranty
in these words: "This note is a legal
tender for the payment of all debts,
public and private, except duties on
imports and interest on the public
debt; and is receivable in payment of
all loans made to the United States."
Here is the important guaranty that
enabled the government to part with
this note for a valuable consideration
in the first place, and without which
it would never have been worthy any
thing to anybody. The guaranty it
self declares both the letter and the
spirit of the law, to-wit: that the note
shall be legal tender for the payment
of all debts public and private, except
duties on imports and interest on the
public debt. It was in pursuance of
the letter and the spirit of the law
that this guaranty was printed on the
note. And what for? Simply for the
very purpose of giving it value.
Three hundred and fifty-six mil
lions of dollars in notes of this kind,
put off by the government upon the
people under this same guaranty, are
now held everywhere by all classes of
persons in the country. And the
question now is shall the government,
having received the benefit of this
guaranty to the amount of $356,000,000
keep and perform it in good faith ac
cording to the spirit and the letter of
the law under which it was made,
or basely yield to the importuntiies of
one privileged class after another in
making exceptions to it until it loses
all its virtue, and the notes become
worthless in the hands of the people.
If the government is to perform this
guaranty in good faith it canot suffer
the principle of the five-twenty bonds
to be excepted from its operations, nor
can it suffer those bonds to be funded
into other bonds requiring coin pay
ment as to the principal, neither can
it suffer any coin contracts to be leg
alized so long as any of these notes
remain in the hands of the people.
Everything in the world is valuable
or otherwise according to the number
and importance of the uses to which
it can be put; and these legal tender
notes form no exception to this rule.
Every debt made collectable in coin,
diminishes the uses of the legal tender
notes and of course detracts from
their value in the hands of the people
throughout the country. To legalize
the collection of many contracts In
this way would tend much more to the
same result. And to make the $1,700,
000,000 of five-tweny bonds so col
lectable as to "principal would tend
enormously to this result.
No guaranty was ever made or ever
could be made by any government
upon which its good faith any more
depended than upon this one. It is a
guaranty to each and all the people of
the country who receive as such this
paper currency furnished by the gov
ernment. It is a guaranty made by
WEAK MEN Is your health worth
a 2-cent stamp? If so, then write us
at once, enclosing a 2-cent stamp, for
our absolutely free offer. We will
send absolutely free our Perfection
Electric Belt, the most unique and
perfect Electric Appliance In the mar
ket for the cure of nervous and sexual
diseases. This offer i3 made in good
faith for the purpose of Introducing
and advertising our methods of treat
ing all chronic diseases. "
DON'T allow this opportunity to es
cape you of regaining the health and
vigor vhlch . have been sapped away.
. We also make a specialty of curing
rheumatism, liver, kidney, varicocele,
the government to every widow and
orphan of the heroes fallen in Its de
fense, and to the heroes themselves,
who, though not fallen In death, must
pass afflicted and halting to an early
grave, from injuries received in the
same cause, that the currency in which
is paid to them from time to time
their stinted subsidy for these sacri
fices, shall- be kept good.
Fund all-this national debt into a
coin debt and then we should find in
a few years that . having given the
wealthy bondholder the control of all
the coin at our command, still his
contract would call for as much coin
as ever, and we would be dependent
on him for the coin to pay with; and
in graciously parting with it from
time to time for our relief, he would
fix his own price upon it.
The legalizing of coin contracts
tends strongly to aid in the establish
ment of the same monopoly over the
coin. We come now to our third and
last proposition, to-wit: that
The first and main' object to be ac
complished is to bring the paper cur
rency to par.
When this is done all will be done.
Bring the paper currency to par, and
then all this great controversy about
the manner of paying the five-twenty
bonds whether in coin or greenbacks
will cease forever; bring the paper cur
rency to par, and then the coin will
begin to flow into circulation and ans
wer the purpose for which it was
made; bring the paper currency to par
and the pensioner's dollar and the la
borer's dollar will be as good as tne
bondholder's dollar.
Truly, a measure to be attended with
so many and such good results ought
to be attained unto if possible. And
now the question is, can the govern
ment do anything to attain unto it?
I answer yes. There are many things,
and those abundantly sufficient, that
it can do to accomplish the object.
In the first place it can do as it has
agreed to do, make the legal tender
notes a legal tende- 'n good faith for
the payment of all debts, public and
private, except duties on imports and
interest on the public debt: and it can
make haste to declare and publish its
fixed purpose to do this and thus re-tr:".-;ve
itself from the foul imputation
that has been cast upon it by those
who have presumed upon and clam
ored for a different and faithless pol
icy. And then this same government can
go even beyond what it has. agreed to
do and receive the legal tender paper
currency in part payment of duties
on imports, exacting only such per
centage in coin as its needed to pay
the interest on the public debt.
And then there is still another, a
third means by which the government
can further the grand object of bring
ing the paper currency to par. The
national bank notes s,re a useless ap
pendage to our currency. Not one par
ticle of benefit comes from them that
would not come equally from legal
tender notes if substituted in their
place. They never rise in value in
the least above the legal tenders and
are only kept up to the legal tenders
by being made redeemable therewith.
This shows that they add nothing to
the credit of the currency. More than
this they are enormously expensive.
To keep them up the government is
paying eighteen millions of dollars
in gold interest annually of which
burden Ohio's share is about $1,500,
000 in coin; fully sufficient to keep
five such legislatures as this in ses
sion the year round and year after
year at the present rate of expense.
And besides this the people of the
United States are paying some $30,000,
000 more in currency directly to the
banks every year in the way of in
terest to keep these bank notes in cir
culation. -
Now there is no need of all this ex
pense. No wonder the government pa
per is below par when its means and
that of the people are being lavished
away in such profusion. The govern
ment can easily require the withdraw
el of the national bank currency, sub
stitute instead thereof its own legal
tender currency to the same amount,
$300,000,000, and with the means thus
afforded pay off the same amount of
the five-twenty bonds, and save eight
een millions of gold interest annually
thereby and be enabled to acept of
eighteen millions more of its own legal
tender paper, instead of coin, in pay
ment of duties on imports. This
would give to the legal tender paper
currency great and constantly increas
ing additional uses from which it is
now excluded by artful means, and
thus tend strongly to bring it to par.
But there is still another, a fourth
thing that can be done that would
aid powerfully in accomplishing the
same end of bringing the paper cur
rency to par. The government can
cease to cast odium upon Its own
credit by selling coin at a preminum
and receiving pay in its own paper
and in all its transactions it can with
great propriety decline to recognize
any difference of value between the
different kinds of currency that by
law it has provided shall be the same.
And yet there is at least one more,
a fifth thing of no inconsiderable im
portance, that the government can do
to the same end. It can require of its
secretary of the treasury, commis
sioner of revenue and all other execu
tive officers in making annual reports
to the country to confine themselves
to the legitimate business of their
offices, and not act as special pleaders
for the money trade by filling their
reports with scandal and defamation
against the currency that it has found
expedient to legalize and give to the
people for their use.
These are the easy, natural, honest ;
and abundantly ample means by which
the government can bring the legal
tender paper money to par with coin
in very quick time. I do not say that
we can come in this manner to a re
sumption of specie payments that is
to the redemption by the government
of the paper money in coin whenever
presented with demand for that pur
pose. Neither do we want any such
thing as that, now or at any other
time. -This right to demand of gov
ernment or bank the exchange of pa
per currency for coin puts it in the
power of the speculators to make a
run for coin when coin is most needed
and thus destroy Instead of preserve
the par value of the paper. We want
no such; disturbing influence. What
We
ay
The Fi
ight
In order to have you give us a trial purchase, knowing
as we do that afterwards you 'will trade with us regular. We
prepay the freight on the following combinations and deliver
the same to any station in Nebraska for $5.!00. Think of it!
40 lbs best granulated sugar for $1.00 delivered at your door.
Where can you get the equal of this for your money i
40 lbs best granulated sugar 1 00
25 bars laundry soap 1 00
5 lbs good roasted coffee 1 CO
1 lb best tea 4 60
2 lbs best baking powder 50
5 lbs good rice 50
i lb ginger, best 1 , 25
1 lb fine pepper 25
All the above for 15 00
Good only until April 20th.
12 years of careful buying and honest dealing have made
this store the most reliable cut rate grocery house in the west.
Farmers Grocery
226, 228, 230, 232, 234, 236 and 238 North 10th Street,
Lincoln, Nebraska.
References any bank in Lincoln and this paper
and this the government can easily
give us by the means that I have
St. tit 6(1.
On the one side of this controvery
it is sought to allow no more coin ob
ligations to be legalized but on the
contrary to extend and increase the
legal tender uses of the lawful paper
currency of the country so as to
bring it to par. While on the other
side it is sought to fund the entire
national debt into a coin debt and
legalize coin contracts in direct vio
lation of the legal tender guaranty of
the government.
On one side it is sought to get rid
of the expensive national bank cur
rency and in its stead substitute the
legal tender government paper, the
people's own money had without cost.
On the other side it is sought to get
rid of this people's money and sub
stitute in its stead an increase of the
national bank currency, with ruin
ous expense.
On the one side it is sought to put
this national debt into an immediate
process of payment as should have
been done long ago. On the other
side it is sought to give to the debt
increased burthen in various indirect
ways and make it a self-sustaining
perpetuity despite all efforts of the
people to get rid of it.
On one side of the contest is ar
rayed every honest uncorruptea
American producer who understands
his own rights and interest and those
of his country. While on the other
side is the London Times and the en
tire money trade of Europe and Ameri
ca; a most fearful and dangerous pow
er with which to contend.
On the one side of this Issue lies
good faith, national credit, and na
tional freedom. On the other side Is
repudiation, national bankruptcy and
national slavery.
Owing to press of other matter,
Champ Clark's letter Is this week un
avoidablye crowded out.
tinue the business of Accident Employer' I la
bility, Plate Glass. tem Boiler and Hgilth in
surance in tbia state for the current year end
ing January 31. 1903.
Summary of report filed for the year tniinj
December Ulet, '01.
jyCOMK.
Premiums $1,637,955.76
All other sources 118,498.27
Total $l,7a8.4.'4.ij:5
4 DISBURSEMENTS.
Paid policy holders... $770,998.74
All other payments . . . 819,795.87
TotaK $l,5t).794.Hl
Admitted Assets 2,47S,36ti.6
LIABILITIES.
Unpaid claims and ex
penses $250,749.2S
Untamed premiums... 7a9,16.).6rt
All other liabilities... 5O.U0O.OO l,Oi9.W9.V4
Capital stock paid up.. $750,000.00
Surplus beyond capi
tal stock and other
liabilities.. 6;6,458.92 1,436 ,4$ VI
Total t2,47.:.wi
Witness my hand and the seal of the Auditor
of Publie Accounts the day and year first above
written.
CHARLES WESTON.
Auditor of Public Account.
By H. A. BABCOCK. Deputy.
Read this paper carefully and then
hand it to a neighbor. Ask him to
subscribe; or better send for a block of
five "Liberty Building" Postals and get
up a club of subscribers. There is no
other way in which you can do so
much to advance the cause of good
government.
CERTIFICATE OF PUBLICATION.
STATE OF NEBRASKA.
OFFICE OF
AUDITOR OF PUBLIC ACCOUNTS.
Lincoln. February 1. 1902,
It is hereby certified that the Palatine insur
ance company of London, in England, has com
plied with the insurance law of this state, ap
plicable to such companies and is therefore au
thorised to continue the business of Fire and
Llfftttnlnz insurance in this state for the cur
rent year ending: January 31, 1903.
Witness nr hand and the seal of the Auditor
of Pnblie Accounts the day and year first above
written. .... j .
CHARLES WESTON. Aud. Pub. Ac'ts.
By H. A. BABCOCK, Deputy.
' CERTIFICATE OF PUBLICATION
STATE OF NEBRASKA
OFFICE OF ,
. AUDITOR OF PUBLIC ACCOUNTS i
Lincoln. February 1. 1902. !
Tt i hereby certified that the Maryland C.
CERTIFICATE OF PUBLICATION
STATE OF NEBRASKA
OFFICE OF
AUDITOR OF PUBLIC ACCOUNTS
Lincoln, February 1. JC.
It is hereby certified that the Washington Lite
insurance Co., of New York, in the state of N. .
has complied with the insurance la w of this Pta t
applicable to such companies and is tiirwfore
authorized to continue the businebs ot Life in
surance in this f-tate for the current year end
ing January 31. 19Ui.
Sumrnaru of report filed for the uear endinu
December 31st, '01.
INCOME.
Premiums $ 2,529.448.80
All other sources 811,425.90
Total $3.:i40,74.7)
D1SB URSEMENTS.
Paid policy holders.. . 2,1S9.603.9
All other payments. . .. j.UiSt.uy
Total t :i:x:.Kf.Ki:
Admitted Assets. 1,200,4;.(3
LIABILITIES.
Net reserve $15,50:1.090.00
Net policy claims .... 105,:6.54
All other liabilities.. 8.550.21 15,617,0-5.75
Capital stock paid up... 125,000.00
Surplus beyond capi
tal stock and other
liabilities ,...$ 458,408.28 $ 53, 40d.
Total $16,200. 4SJ.IW
Witness my hand and the seal of the Auditor
of Pnblie Accounts the day and year first above
written.
CHARLES WESTON,
Anditor of Public Accounts.
By H. A. Babcock, Deputy.
NOTICE OF INCORPORATION
The name of this corporation is Sprau
Drug Company. ...
The principal place of business of said cor
poration is the city of Lincoln, Lancakter
County, Nebraska.
The nature of the business to be transacted
by this corporation is the buying and sellinc of
drugs, toilet articles and all merchandise han
dled in a drug store at both wholesale and re
tail and the exercise of all power? incident to
carrying on said business, and the purchase of
real estate and erecting a site therefor.
The authorized capital stock of the corpora
tion is Ten Thousand ($10.(K) dollars, divided
into ehares of One Hundred ($100) dollars each,
all stock subscribed hall be fully paid before
certificates may issue. Five Thousand ($5.()uu
DoUarsof the capital stock shall be raid at
the commencement of business.
The highest amount of indebtedness or liabil
ity to which the corporation is at any time to
subject itfelf shall be two-thirds (s of the
capital stock, at such times subscribed and
issued in pursuance of the articles of incorpo
ration. The affairs of this corporation shall be con
ducted by a board of directors not to exceed
five, to be selected by the stockholders annually
at a meeting to be held at the office of the cor-