N
+ t
r
VOLUME"xxn VALENTINE. NEBRASKA. THUPxSDAT , DECEMBER o , 1907. NTJTMBER 47
will bear the closest investigation. The care
ful buyer selects a stove for its iisefulness and
lasting qualities , not forgetting the convenience
of handy grates and large ash pans.
s ?
t t
.
gJiii Ui'iLia Biiutoggi ffl'l ! ! ' llilff ' ' I ' 1 IIH ;
PENINSULAR
Call and see our Peninsular Bailees and Heating Stoves.
ere.
s
We carry a complete line of Xmas
Candies and Nuts. Call and see.
PHONE 97 ,
GRANT BQYER
,
CARPENTER & BUILDER.
kinds of wood work done to order. Stock tanks made in all sizes
Residence and shop one block south of passenger depot.
Valentine , PHOXE 72 Nebraska
FRED WlttTTEMOftE. IVes. CHARLES SPARKS , Cashier
J. XV. STETTER , Vice Pres. ORAII L. BRITTON , Ass't. Cashier.
Persons seeking a place of safety for their m-me } ' , will profitby
investigating the methods employed in our business : : : : : : : : : :
LARGEST Ai@J8StCor-jpi5 ; . 2-rcLs E vcT
.
I M
i V'-A.
GET AT THIS
YOUR OFFICER
The Currency Issue.
-Chas. A. Conant , an authority
on currency issues , said.
"I believe the action is a wise
one. The issue of short term 3
per cent certificates to the amount
of § 100,000,000 might be criticised
on the ground that it is more than
the occasion requires , but in my
opinion it is better in such emerg
encies to take excessive precau
tions rather than inadequate ones.
The new certificates will not , of
course , circulate as money , be
cause they bear interest. They
represent a very different financial
policy from the issues of legal
tender notes , which would have
inflated currency without any pro
visions for their retirement. "
All the eastern bankers give the
glad hand to Cortelyou for "his
prompt action at this time , " but
not one of them is honest enough
to tell the public that it means a
net 0 per cent investment for
them. No , they are not built that
way. The situation is pnrely a
bankers' picnic , in face of the fact
that they have over ± 0,000,000
of Uncle Sam's money on deposit
free from all cost to use as they
like. Now they can take § 100-
000,000 of-this , the people's mon
ey which young man Cortelyou
has thrown into the bank vaults to
help along , and buy the 100 mil
lion of 3 per cent treasury notes
which tyro Cortelyou proposes to
issue. This will , of course , place
100 million dollars in the treasury
again and the Jate private secre
tary to the president can hand the
bunch of bankers 100 million dollars
lars to use , thus raising the gov
ernment deposits in banks to the
3 ± 0 million mark , and the people
pay the 3 per cert interest on the
notes the bank holds , and if they
need money , borrow their own
money from the banks where this
wonderful young financier has
placed it. This is what should be
called financial jugglery , but any
thing to fool the people goes these
days.
days.Of
Of course all these bankers op
pose the issue of non-interest bear
ing treasury notes to be used to
buy outstanding government bonds
and thus place more money in
circulation , but they hail with
great joy the issue of 100 million
3 per cent notes and 50 million of
U. S. bonds to get money to be
used on the Panama canal ; both
these are interest bearing and nontaxable -
taxable , just the kind to attract
the eye and stir the greed of the
Eichelheimers , Kuhns & Co. , lying
in wait for our boy tyro acting as
secretary of the treasury , in order
to make a few millions out of this
and other governments they are
and always have been a curse to.
But it seems the people like to be
fooled and enjoy paying the fiddler
for others to dance , so what is the
use of anyone trying to prevent
it ? They will , inside of a year ,
be voting to open the mills , manu
factories and furnaces by electing
the tool of these money hogs as
president , who will claim to hold
the keys to the doors of all them.
Crete Democrat.
( O'Neill Independent. )
The republican party is with the
Wall street panic as the man was
who was holding the bear looking
for someone to help him let loose.
In 1893 it was a Cleveland panic ,
but in 1907 the republicans are
trying to make the people believe
that no party is responsible for
panics. It was a republican panic
in 1893 as the secretary of the
treasury had placed the order for
plates with which to print bonds ,
before Cleveland went into office.
It is a republican panic now , un
disputed , for the republicans have
had charge of our national affairs
for Jo * these many years * Two
We have on display in our window this week a nobby line of Gent's
Furnishings in the way of
Men's Wool Union Suits , at § 4 00
Men's Ribbed Union Suits 1 50
Men's Light Wool 2-Piecc Suits 2 50 ft
Men's Wool Eibbed 2-Piece Suits 2 25 ftft
* Men's Wool Sweater Jackets 3 50 ft
Men's Gptton Sweater Jackets " 1 " 50 ftft
4 ? * Men's Wool Jersey Sweaters 2 25 to 3 00 ftft
Men's Fancy Wool Vests 4 25 ftft
We are also showing t an elegant line of Men's Bath Eobes in an assort ftft
ment of pretty patterns. See our Special Stetson Hat Leader for next week ft
at § 3.50 ftft ftft
ft
ftft
ft
ftft
ft
it
weeks before the "Wall street bank
ers started their little joke upon
the people the republican papers
teemed with articles upon the re
publican prosperity that was
s weeping .over the country. Now
they have closed like a clam , and
you hear them again no more for
ever.
Congressman George Prince , re
publican member of the house
committee on banking and cur
rency , in speaking on the 19th of
the-issu-ance of Panama bonds and
certificates , he said :
"We owe § 900,000,000 of inter
est bearing debt.Ye have today
in the hands of national banks , and
drawing no interest for the gov
ernment , § 2iO,000,000.
The present policy of the secre
tary of the treasury is to all in
tents in times of peace adding to
the interest bearing debt of the
people § 150,000,000. It is not
justifiable under existing con
ditions. I think that the § 50,000-
000 needed for the construction of
the Panama canal should be taken
out of the § 240,000,000 in the
banks and not be raised by bond
issue.
"As to the other § 100,000,000
which is proposed to be raised by
debt certificates , I do not approve
of the plan at all. First , because
the money is worth 5 to 6 per cent
interest and no one is going to
buy a government note that draws
but 3 per cent interest. Second ,
because the purpose of the 3 per
cent note is to realize money from
the sale of these certificates , the
money arising from the sale to be
deposited in the national banks.
"What does this mean ?
"It means , if I understand it
correctly , that the people are to !
borrow § 100,000,000 and pay 3 per
cent on it and hand it over to the
national banks , to be by them
loaned , without a dollar's cost to
them , to the people at the rate of
5 to 10 per cent , according to the
rates where banks are located. "
Prince also said he disapproved
asset currency unless it was pro
posed to deposit in the treasury
assets securing the issue.
It is really preposterous to even
think of Old Joe Cannon as a can
didate for president. Plattsmouth
Journal.
He is built on the same plan as
our own Dan Nettletnn and is an
ideal head for a legislative body
of fakers seeking to fool their con
stituents. Cannon and Isettloton
at the head of the national ticket
next ypar would win sill the E. Zs.
in the U. S.- Crete Democrat.
NIOff Mff39
of winter goods in all lines is
now complete. Come and give
us a call.
CROOKSTON NEBRASKA. , MAX E. VERTEL !
DEALER IN EVERYTHING.
3s
what you have to sell.
{ 9 YiO § 1
ec <
El i a Y ( 11 1
9tf i L.iL. I \ ' J
tf what you want to buy.
tfd
d Call and see us. Phone 23
W. A. PETTYCREW , GENERAL MDSE.
Chartered as a State Bank Chartered as a National Bank
1 , 1884 : . August 12 , 1902 ,
The
Valentine , Nebraska.
( Successor to )
of
CAPITAL PAID A General Banking
Exchange and
Collection Business.
C. H. CORNELL , President. J. T. MAY , Vice-President.
M. V. NicraoLSON. Cafihior.
& S * jf * 1 . T TT" E " * / " T * H j < X T v T B " * TT7" i
K CONFECTIONERY
Tobaccos and Cigars.
Canned Goods Lunch Counter.
i
i
$ Phone
7
&iK& lftissft N
Stetter & Tobien , Props. / - ,
DEALERS IX
All Kinds of Fresh
and Salt Moats. ' . . .
. , , . . . . .
- -
- - tasrf r--5iH ; | < r
\ \ ill buy .your Cattle , Hogs ,
Poultry , Horses , Mules and
anythjng you have to sell.