4
H-i ? t "J r
i, , --. " ,vm ijstw
"
FEBHtJAHT 17, 1905
The Commoner.
Mtt
T"- '''(- TV J -'
For The Protection of Depositors I
in the House of representatives, Sep
tember 22, 1893, Mr. Bryan introduced
the following bill, to aecure the de
positors in national banks against loss,
and so forth.
Be it enadted by the senate and'house
of representatives of the United States
of America in congress assembled, That
every national bank organized under
the laws of the United States shall, on
or before the first day of January of
each year after the passage of this act,
deposit with the treasurer of the United
States a sum equal to one-fourth of
one per centum on its average deposits
for the three months preceding said
first day of January. Special notice
shall be given immediately in case of
default, and any bank failing for sixty
days after receiving special notice to
deposit such tax shall forfeit its char
ter: provided, That whenever the treas
urer shall have on hand in the special
fund raised by such tax the sum of ten
million dollar the comptroller of the
currency shall by order suspend the
tax until the amount in the special
fund falls below the said sum of ten
million dollars.
See. 2. That whenever the comp
troller jot. the currency shall be ad
vised of the failure of any national
bank he shall at once ascertain the
amount due depositors and creditors
oi the bank (not including stockhold
ers, officers, or directors), and from
the special fund provided for in sec-,
tion one of this act shall, as soon as
convenient cause "to be paid .to such
depositors and creditors (not includ
ing stockholders, officers, or directors)
the amounts duo them.
Sec. "3. That tho assets or such fail
ing banks shall be turned into cash
JUCAPS .THE BOOK
TlTo fload to Wolivlllo" Pointed trveWay
Down at Hot Springs, Ark., the vis
itors have all sorts of complaints, but
it is a subject of remark that the great
majority of them have some trouble
with stomach and bowels. This may
be partly attributed to the heavy med
icines. '
Naturally, under the conditions; the
question of food is very prominent.
A young man states that he had
suffered for nifte years from stomach
and bowel trouble, had two operations
which did not cure, and was at last
threatened with appendicitis.
He went to Hot Springs for rheuma
tism and his- stomach trouble got
worse. One day at breakfast the wait
er, knowing his condition, suggested
he try Grape-Nuts and cream, which
he did, and found the food agreed with
him perfectly.
After the second day -he began to
sleep peacefully at night, different than
he had for years. The perfect. diges
tion of the food quieted his nervous,
system and made sleep possible.
He says: "The next morning I was
astonished to find my condition of
constipation had disappeared. 1 could
not believe it true afteiv suffering for
so many years;, then I took more inter
est in the food, read the little book,
'"The road to Wellville,' and started
following the simple directions.
" "I have met with such results that
in the last five weelts I have, gained
eight pounds in. 3pite of hot baths
which take away the flesh from any
one. "A friend of mine has bcou entirely
cured of a bad x case of indigestion and
stomach trouble by using Grape-Nuts
Food and cream alone for breakfast.
- "There is one thing in particular I
have noticed a great change, in my
. mental condition. Formerly I could
hardly remember anything, and now
the mind seems unusually acute and
retentive. I can memorize practically
anything . I . desire." Namo given by
Ppstum Co.;HBattle Cradle) Mich.
as now provided and the amount real
ized shall be used, first, to satisfy all
claims not provided for in section two,
and, second, the amount remaining
shall be paid into the special fund pro
vided for -in section one of this act:
provided, That nothing herein shall
be construed to exempt the stockhold
ers from the liability of one hundred
per centum of their stock in addition
to their stock, and no stockholder shall
receive any payments on his stock from
the assets of such failing bank until
all debts due from tho bank have been
paid and tho special fund provided for
in section one reimbursed to the extent
that it was drawn upon, as provided
for in section two.
Sec. 4. That the United States hereby
pro fir lei! for, ami the comptroller of
the currency shall pay out the money
in the order in which he receives no
tice of failure, paying all nroner lia
bilities of one bank as aforesaid before
any on liabilities of a bank whose fal
ure is subsequently announced, and in
case the special fund is insufficient to
pay all proper liabilities the comp
troller of the currency shall cause such
money to be expended in paying such
proper liabilities pro rata, and the
amount remaining unpaid shall be
made good as the special fund is re
plenished, and in case the special fund
is entirely exhausted banks shall be
cared-for in order of failure as fund
is renewed.
Soci 5. That to provide against a
contraction of the currency by the
holding of this special fund in trust,
tho secretary of the treasury is hereby
empowered and directed to issue and
pay out, for the general expenses of the
government, United States treasury-
notes, commonly known as greenbacks,
like those authorized by the law ap
proved February twenty-fifth, eighteen
hundred and sixty-two, equal to the
amount held in said special fund, and
such treasury note3 shall have all the
legal tender qualities possessed by the
treasury notes issued under said act of
February twenty-fifth, eighteen hun
dred and sixty-two. -
1 'Respectable Law Breakers"
The commissioner of immigration
is deeply concerned over a moral prob
lem that affects many persons of emi
nent respectability. He finds that em
ployers of labor are surprisingly acute
in devising means for evading the
alien contract labor law, and that with
this remarkable acuteness there goes
an equally remarkable obtuseness to
the wrongs of fraud and law-breaking
of which they are guilty. He com
pares their conduct with that of "some
of our worthiest and wealthiest citi
zens" who accept the prevalent notion
that it is rather a credit than other
wise to outwit a federal customs offi
cer, and adds:
This obtuseness has in some in
stances betrayed importer of aliens
into confessions of their knowledge
of the law and statements of their
nranau Lions not to avoid violating its
provisions but to escape bringing their
unlawful acts within its literal terms.
A favorite resort of counsel for such
offenders is to declaim against the in
lustiee of a departmental ruling ad
verso to their clients because of the
admitted violation of law, since, these
ingenious pleaders say, it is a mere
"technical" violation committed by
citizens whose law-abiding disposi
tion is attested by their unquestioned
influence in the world of affairs and by
their -equally unquestionable wealth.
It mav be added that the country is
rich in 'illustrations to the same pur
pose. Miss Tarbell's history of Stan
dard Oil might be taken as an elab
orate -treatise on the moral theme.
It' Is dotted with eminently respectable
There are Many Imitations of
Baker's Coeoa
and
Baker's Chocolate
Dotft be misled by them J
f
every
r"
Our trade-mark is on
package of genuine goods.
Under the decisions of several
United States Courts, no
other chocolate or cocoa than
Walter Baker gf Cos is en- ,"
(titled to be sold as "Baker's
LookfoiihuTcadc-Matk Cocoa or "Baker's Chocolate
Our . handsomely illustrated recipe book
sent free.
Walter Baker & Co. Ltd.
Established 1780 Dorchester, Massachusetts
45 "Highest Awards in Europe and America
names that are connected with emi
nently knavish operations. The same
phenomena appear again in the rec
ords of the grant3 of municipal fran
chises. Men who would, recoil with
horror from common criminals nave
made criminal offenses a part of their
business with such ingenuity as to
evade all punishment, and it is use
less to appeal to them on the grounds
of conscience.
The ensuing demoralization is prob
ably far, more harmful than anything
that the common criminal does, and
because of the ingenuity that is de
veloped it is next to 'impossible to dis
cover a remedy. Whattis required to
awaken the conscience is exemplary
punishment, and there will be general
sympathy with the opinion of the com
missioner that to put an end to the of
fenses of which he complains it is nec
essary for the law to reach the em
ployers and "by sufficient punishment
more potent than the mere expulsion
or. deportation of the alien induced, by
them to migrate hither, to deter them
from such practices."
If additional punitory legislation will
conduce to this object It should, if
possible, bo devised and enforced with
as much ingenuity as is shown by the
lawbreakers. Chicago Record- Herald.
Refused $,ooo
Refusing $50,000 for a bit of land
that cost her only $103 twenty years
ago, Mrs. John Weigel, who runs a
small tavern near the shore of Spuy
ten Duyvil, is blocking oae of the New
York Central road's long cherished.
and most important plan3 of improve
ment in tho Bronx.
Between Kingsbridge and Spuyten
Duyvil the Central tracks take a wide
turn. Several extra signal towers and
safety gates are necessary on this ac
count, and it has long been the desire
of the company, as well as of many of
tho residents of tho district, that tho
curve be abolished.
Recently . tho road's engineers
planned to carry the tracks along In a
straight line, and they set about Ret
ting ho right of way. Everything
went well until they approached Mrs.
Weigel, whose little tavern occupies a
plot of ground 25 feet by 100 feet.
She refused to sell. The railroad of
fered' her $10,000, but the buxom bar
keep she is 07 years old declined to
make terms. Then the offer was raised
to $15,000, and when she refused' it
was put up to $50,000. That was
three months ago. Mrs. Weigel lias
not yet come to term3, notwithstand
ing that she has had a call almost
daily from the attorneys of the road
who have been backed by neighbors.
"Why should I sell?" asked Mrs.
Weigel. "Ain't it my home? I got' no
other. Where should I go?"
"But think of the price," was sug
gested to her yesterday. "It isn't often
that you can piclc up $50,000 so easily."
"Ach!" exclaimed the old lady, slow
ly winking her eye, "I get more nor
that when I waits."
The railroad authorities declare
they will not offer a penny more, and
if their price Is not soon accepted they
will either abandon the improvement
altogether or build their road around
her place. Chicago American.
Stating a Fact.
The popularity that Roosevelt en
joys today and it is undeniable that
his popularity is greater today than
ever before Is duo to. his departure
from republican traditions. Jopliri
Globe.
DAVIS'
rPa'mkiWw pEm
The 'world-known household reswdy for cau,
i burns, braises congaa, coiog, coro turoau
i
j
r
i
u
A tfl
II
1
m
w
I
1
T'
I
H
"!
'
41
,c -
j -u U
A-