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Historical Society
, A T ALEN DEMOCRAT.
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1 7ULTTME XXIII VALENTINE. NEBRASKA. THURSDAY , AUGUST 6 , 1908. NUMBER 30
HARDWARE DEPT. ?
Barber Wire
Black $2.60 ; Galvanized $2:75 per spool.
Lawn Mowers
$4.50 , $8.00 and $12.00.
Lawn Hose
12 l = 2c to 18c per foot.
Gasoline Stoves
$2.50 to $30.00 each.
The largest line of Rugs and Carpets ever shown
in Valentine.
"Quicker Yet" Washing Machine ]
will wash clothes in less time and
run with less labor than any other
machine on the market.
Red Front JVierc. Co.
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Try A. John & Co. FIRST
We have the finest line of Men's
Hats , all styles and colors , in the
city. Prices from $1.00 to $3.50.
PHONE 97 ,
H
f D A "NTT1 T3OVCTT3
UrrlAiN 1 I3J l Jl < JT
CARPENTER & BUILDER.
All kinds of wood work done to order. Stock tanks made in all sizes ,
Kesidence and shop one block south of passenger depot.
Valentine , PHOXE 72 Nebraska
Keferences : My Many Customers.
Eureka Saloon
ROBERT McQEER , Propr. y
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Fine Wines , Liquors and Cigars |
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S Bourbon Whiskies : Rye Whiskies :
Old Crow , ' Sherwood , . . .
Hermitage , Guchenheimer ,
Cedar Brook , ' , Sunny Brook ,
Spring Hill , and 27xyear/old
and Jas. E , Pepper , ' O , F , C , Taylor ,
These whiskies were purchased in bond
and came direct from the U. S. gov
ernment warehouse. They are guar
anteed pure and unadulterated. Un
excelled for family and medical use. |
Three Star Hennessy and Dreyfus Brandies , Imported
Gordon and DeKuyper Gins , Guinness's Extra Stout.
Bass Ale , Storz Blue Ribbon and Budweiser Beer ,
Valentine = Nebraska
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Read the Advertisements.
Volunteer Column ,
Under this column THE VAI..KNTINH DEMO
CUAT has consented to publish from time to
tima such topics and editorial matter as wil
be furnished from the headquarters of the
Br-an Volunteers ot Nebraska. The Volun
teers are in the Held to make a clean and
honest tight for Mr. Bryan and the principles
which he so ably represents. We cherish the
fond hope that the coming contest will de
velop into a campaign of education in the
truest and noblest sense of that term. Vi
tuperation and abuse will Hnd no place in
this column. It is our intention to so temper
the argument that it will appeal to the earn
est , thoughtful and inquiring mind , with the
view to have the reader investigate the
various claims of the respective presidential
candidates , and then support that candidate
who commends himself most to the honest
judgment and conscience of the voter. We
invite correspondence with the readers of
this paper. Be free to wrire us at an'time
giving such suggestions , t riticisms or advice
as maj' occur to you.
Please address all communications to the
undersigned.
C. M. GKUENTHEK. Secretary ,
Box (533. Columbus. Nebraska.
Guarantee Of Bank De =
posits.
Banks receive for safe keeping
the surplus money of those who
have more than they require for
immediate use , and loan it out to
those who have less than they re
quire for such use. The interest
on the money thus loaned out is
the principal source of profit in
banking. While bank deposits
are generally payable on demand ,
under ordinary conditions a very
small percentage is withdrawn
from day to day , so that the banks
may safely loan out all of their de
posits over and above what may be
necessary to meetcurrent demands
Time and experience has taught
that a bank , under ordinary con
ditions , may safely loan out 85 per
cent ot its deposits , because of the
improbability that more than 15
per cent will be withdrawn from
day to day by the depositors.
But it is the extraordinary con
dition that try men and institutions.
So long as all the depositors feel
that they can get their money
whenever they ask for it , a fifteen
per cent cash balance on hand
no doubt is ample , and there
will be no run on the bank but let
the suspicion get abroad that a bank
is in failing circumstances , how
ever unfounded such suspicion ,
then the people begin to realize that
15 per cent cash on hand will not
pay one hundred per cent , and the
result is each depositor hurries to
the bank to withdraw his balance
before the 15 per cent cash on
hand is exhausted. As soon as
that is exhausted , if not before ,
the bank closes its doors and the
unfortunate depositors are com
pelled to wait the slow process of
converting the banks assets into
money before getting any portion
of their deposits.
But the depositors are not the
only sufferers. The failure of one
bank arouses a suspicion as toother
banks. Banks themselves begin
to get frightened. In fear of a
run they begin to call in their loans
at the very time men need to
borrow to carry on their
Business. People in their
fear of banks generally be
gin to hoard their money , and it
is taken out of circulation. Fac
tories and mills close and business
comes to a standstill for want of
money , and men willing to work
are unable to find employment.
But suppose every depositor
could be assured that his money
was absolutely safe in the bank ,
whatever might happen to the bank
Suppose he was absolutely certain
that no matter whether he got to
the bank this morning , tomorrow
morning or the day after , he could
withdraw from the bank every dollar
lar he had in it , would there ever
be such a thing as a run on a bank ?
THAT IS THE PURPOSE OF
THE GUARANTEE BANK DE
POSIT PLANK IN THE DEMO
CRATIC PLATFORM. It pled
ges the party to the enactment of
a law whereby every deposit in a
bank will have , the guarantee of
the United States back of it. With
that guarantee back of every de
posit , no depositor would waste
any sleep over the safety of his
money in the bank. It would make
We are putting on sale this week an elegant
line of new medium price dress skirts. See our
$4.50 leader. It is a favorite and right up-to-date ,
extremely smart in style and an excellent value for
the money. Come in and pick one out.
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Take a look at them in our window.
Carnival Dates :
Sept. 22 , 23 , 24 , 25.
every bank an interested party in
the operation of every other bank ,
because the guarantee fund would
be taxed to the tanks at large. It
would keep money in circulation
and prevent a withdrawal of money
from circulation at the very time
it was most needed to transact the
business of the country. It would
prevent such a spectacle as pre
sented itself last fall , when a
Wall Street magnate had
only to touch a button on
his desk to stop the banks of the
west from paying out currency
over their counters. It would defer
for bank deposits what the nation
al banking act has done for the
bank note make them as safe as
the govermenb itself.
While the proposition to guar
antee bank deposits was brought to
the attention of the platform com
mittee of the republican party at
Chicago , that committee would
have none of it , and the platform
contains no reference to the meas
ure.
IT'S UP TO THE VOTER.
The republican national conven
tion by an overwhelming majority
repudiated the most important
measures advocated by President
Roosevelt. Should Secretary Taft
be elected his electioa would be re
garded as an endorsemen t of the
convention's repudiation of those
measures. The enemies of those
measures could then well say that
since the voters had ratified their
repudiation they should not be enacted -
acted into laws. In short , Taft's
election would be turned into an
excuse for calling a halt in the re
forms which President Roosevelt
ias inaugurated and carried for
ward as far as the leaders of his
party in congress would permit.
Taft , although Roosevelt's under
study and protege , is preeminent
a standpatter. He is supported
jy standpatters , and his strongest
supporters are those who have
most bitterly and successfully op
posed Roosevelt.
Those measures were not men
tioned in the republican platform
four years ago. That gave a re
publican congress an excuse for
ignoring President Roosevelt's de
sire to see them enacted into laws.
What will be the fate of those
measures after their repudiation
is sanctioned by the voters , with
a congress opposed and a president
ike Taft , indifferent to them.
Join the Bryan Volunteers of
Nebraska.
Get in personal touch with the
voters.
Organize a Bryan Club.
Personal work counts.
I
J We sell farming implements as well as other
merchandise at reasonable prices.
Call and try us.
CROOKSTON NEBRASKA. , MAX E..VIERTEL
DEALER IN EVERYTHING.
Chartered as a State Bank Chartered ss a National Bank
June 1 , 1884. August 12 , 1802 ,
The
Valentine , Nebraska.
( Successor to )
CAPITAL PAID IN A General Banking
Exchange and
Collection Business.
C. H. CORNELL , President. J. T. MAY , Vice-President.
M. V , NICHOLSON. Cashier.
CONFECTIONERY
I Tobaccos and Cigars.
vi
Canned Goods ? C5C Lunch Counter.
Phone 7 Home Bakery. I M
Jill
tS sJ-T- *
Stetter & Tobien , Props.
DEALERS IX
All Kinds of Fresh
and Salt Meats. . . .
Will buy your Cattle , Hogs ,
Poultry , Horses , Mules and
anything you have to sell.
C. O. Carpenter
Paintin
House painting inside and out. Furniture Ke-
pairing and Varnishing' ' of all kinds promptly done. '
Phone 83. Shop in west part of town.
Valentine Nebraska
For Good Printing
CALL AT THE
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