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About Omaha daily bee. (Omaha [Neb.]) 187?-1922 | View Entire Issue (July 28, 1898)
- - - - - - - - - - - - - - - - - - : - - . - . . - - . - - - . - - - - - - - - - - - - _ . - - - - - . - - - - - - - - - I I TIlE OMAHA DAILY BJE : TfltTISDAYJUL 28 , 1SOS. . 11OIE BUII1DERS IN SESSION . . Unite(1 tat Lenguc of Building and Loan V Maocfations Mect. ADDRESS OF PRESIDENT LURE . SANBORN tiggctIott for ( lie tvnticiflrflt Of r tIne Cip-Oiern4 he CcI1nrIn. flte,4 , Su1t JiLter- I c.tliig StfltliIICM. There were about fifty de1egnte present _ In the council thainbcr of [ ho city hail yes tcrday 'when ( lie sixth annual meeting or the UnRcI Stntes League of Local fluilding nnd Loin Associations wan called to order Lake \V. Sanborn o Gnlesburg , III. , president ot the organization. The dole- gatea come from as far east a ; Massncliu- potts and from as tar south ( L9 LOUlslflnfl. . Every paper on tlio program for the entlri essloii was reported present and a inaorlty ot them will be presented by tlio writers. The jndlcntloni at. this opening meeting 1110 that the attendance at. the session will equal if it does not exceed that at any pro- vlous meeting. The delegates are already expresIiig satisfaction over the location of the annual esion In Omaha and predict an Interesting and profltabla time. ' ! nny of the delegates arrived yesterday ioriiing , and the league was delayed in get- tilig to work that. the tirno might be Used in reotIngs aflti IntroiicLlons , anu recouniing experiences alnec the last annual tiieetlng. Other delegates vill arrive today. Soy- oral women , wIves of some ot the delegates : wcro present at the morning session. President Sanborii called the meeting to ardor at 1OO : , and introduced Mayor Moores , who made the welcoming address. lie said he deemed it a pleasant privilege to wel- Caine the delegates of the league to Omaha. Ho saiti Urn Anglo-Saxon was by nature a home lover and a hOme builder from the time of Caesar. They were called barbar- laos In the ccnturle past , but had in them the life at liberty which has made Its im. press felt Ulofl ) the 4tmorlcan citizen of to. ( lay. lb congratulated the league upon the truly patriotic emblem adopted by the league , "The American Ilome , the Safeguard - guard of American LihrtIes. " lie said the great trouble , too often with the common lCOPlC , Is hot too little earned , hut too ' little saved , and he looked to the building t and loan association to remedy this and bake It possible for every American wage earner to own his own home. Formally welcoming the league , ho presented the golden keya of the city , and assured the Uclogates of the freedom of the city wIth all that the term Implied. . l'resldeit ] tepart. President Sanborn responded to the welcoming - coming address briefly , and then delivered his annual address , which In part waa as follows : The league seeks to organize state leagues In the states now unorganized , thus being able to amend bad laws and to Induce lawmakers - makers to enact just and equitable statutes whIch shall rrotect and aid their stock- . holders. We also keep a vigilant watch over national legislatIon and liavu been .uc- ccsstul in the past In averting disastrous ] cglsiatlon by Iropcrly Iniluencing our law- inalcers , who were convInced that our cause 'was just. Vc are not antagonistic to other flnniicial Institutions. While we are not bankers we are in a manner helpers of the banks and vcry other busIness lnstitutiou In the community. The secretary's report .at the Bankers' National Association meeting , held at Detroit in 1S97 , stated that the chartered 4 blinkS of this country had a capital and r surplus ( If 9OOOOOOOO. The building and ] eau associations of our country July , 1897 , showed over 6OO.OOOOOO of assets , whl3h includes stocks and surplus also. And It you will stop and think , you will faLl that the building asoclatlons are comparatively now In our country and that If they Increase in the same ratio in the next ten years as they have In the past twenty-five years wo will no doubt be able to show as much capt- ' tal as do the bankers. The passage ot just laws in several stnts Is fast beaming good fruits and Is weeding out the unscrupulous schemers who for a brief time have held sway. State supervision - vision and compulsory methods which have consequently followed have llaccd and are placing the business on a firm footing , and while it 'may have seemed Irksome to sonic. have proved vIse and just. These associations , while severely tested during the last four years , as a whole , showed a jer1IianeflCY which has been the admiration amid wander of the people , nuLl the percentage of loss by them to tic shareholders - holders has beezi infinitesimally small , umiti . the lessons taught In the way of conservativeness - ' sorvativeness as great as in thu other dl- - - , \ . rectlon. The state leagues of Wisconsin , Texas and Kentucky are new members , and Iowa and Idissourl are reinstated members. ! After alluding to successful efforts to iave building and loan associations cx- A empted from the war tax bill , ho said that 1 hundreds of thousands of dollars were thus saved to the association , which would other- I wIse have been paid by the laboring men I who are the largest owners of the stock and the only borrowers of the funds , 4 The Prcaitlent appointe4 P. 0. Vason of Illinois , Fred Tinder at Ohio , and D. II , - Christie of Nebraska , as a commltteo on credentials , I UeiOI't of the Secretary. ii , While this committee was preparing its ' report , Secretary II. F , Celiarlus zuatlo his anilual financial and statistIcal report , a I g syimopsis of which is bore presented : 'rime aggregate assets of the local building nd loan associations of the several states I I OW amount to $601,130,037 , which Is an in crease of 2,741,342 over time amount shown Inst year. i'ennsyivnnia. on o1flial fIgures , Increased $1,706,771 during the 4 year , although according to time estimated t figures gIven in my last annual report time 4 : Increase is 6,714,87l ; Ohio increased 2 , P6Q,000 , Massachusetts , $1,690,000 , and Comm. necticut $530,000. Illinois Oflil Missouri as- I socintions showed the heaviest decreases in assets on account of veeuliar conditions in Chicago and St , Louis. Chicago associations In their last annual report showed $7,740,219 ices assets than the year before and St. Louis missociUtlons during the same period decreased $3,292,70L In Cincinnati a net loss of 2,315,31 in aBsots was sustained last year , and yet Ohio is able to show in the nggregate a not increase at nearly $3,000 , . 000 over tIme Ilgures of time lrovious year. Many associaticlis hail recklessly bor. i'owed large sums of money without au- ) tltority of law , imad hypothecated their cc- I curities as coliatorais with banks and trust compnnies overvalued the real estate upon which they bad made advances , and miuring ] the bard times vero comnpeiied to acquire ownership ; many wade second mortgage t t I Wool Soap is a pure soapi so i I pUZC that It 's white ; &o pure that I _ It miwlms. ' k i More than I I ' . tlmat It's so I I pure that It won'tsluink - - ' Made for fair skins and fine fab- 1'.I. rics. When- , s. ever you 'p. t , need a pure - ' MY MAMA IWI5H MUIr soap use USID HAD WI , 0 LSIJAP - . - - - - - f , ionns. From these conditions it is readily understood how heavy withdrawals , re- ceivershipa and a consequent decrease in the assets of these nssochttions followed : The tendency of the year has been to lower rates of interest. Money has been accumulating In vast sums , not only In building aiociations , but in all other financial institutions. and the demand for loans has been remarkably light. The question of how to nlvantagcously dispose of anit invest these accumulative funds has been a seriout problem with many associations - ations and one which some have not yet leCfl able to solve to their entire satisfac- tion. Rates of Interest on desirable loans have of necessity been lowered for the Investment - vestment of these surplus funds , and a reduction In the rate per cent of dividend is sure to follow , The following are the figures for the soy- oral states , showing the number of local associations , inemtersliip , assets , etc. : Itmtiliitt' Woric ilegimis , 'rho address of the president , and report of the secretary were ordered printed In the records , anil the recommendations made by the president were referred to a coin- mnlttee composed of Julius Stern of Illinois , I ) . lldrege of Massachusetts , and Seymour Dexter of New York. The president appointed Judge Seymour Dexter of New York , It. S. flosentlmal of Clncitmnati , Joseph Pairt of Philadelphia , Julius Sterna of Illinois and D. Eidrcge of Massachusetts as a committee on resolutions - tions ; and P. It. Foster of Mississippi . E. Cariin of Illinois , and C. S. Itarbough o Kansas , as a committee on finance. P. 11. PIerce , secretary of the Missouri league , was accorded time to make a state- meat regarding the withdrawal of his state league from the national organization. lie said that Instead of investing their money in building and loan associations they lint it into banks and lost it. They therefore felt the need of economizing and cut off their membership cia time first step in that direction , but said they would again become active members next year. lIe then rend a resolution calling for time eliminating of all national associations and similar organizations - tions from Missouri and demanding that the state law there be amended and simplified. The secretary read an announcement from the local committee on entertainment giving the time for time dilTeront events on tile pro- grain , which called for a visit to ICing Ak- Sar-IJon's den tonight , a trip to South Omaha and lunch tomorrow morning , n banquet - quet at the Commercial club tomorrow night and a trip to the exposition Friday afternoon - noon and night. There was considerable discussion over time South Omaha trip , it being suggested that this would interfere with time business of the morning session , but It was finally decided to make time business of the league conform to the entertainment provided. The delegates and visitors were invited to assemble at the west door of the city bali , where their photographs would be taken. Ielegiles 1)maly Aecredlte,1. The committee on credentials made its report , which found the following duly accredited - credited delegates to the meeting : California-Charles K. Clarke , San Frin- cisco , lllincis-Lake W. Sanborn , Galesburg ; 3 , \v. Lnrinmor , Salem ; W , I. Corltn , Jersey- yule ; 'sv. t. Smith , Chicago ; F. S. flartlott , Gnlesburg ; C. AVlgbtmnan , Evanston ; John G. SVetzei. Sterling ; 13. G. Vusen , Qulncy ; S. H. Case , Julius Stern , Simpson Dunlop , Paul Kraemer , Chicago. Iimdiana-G. 'V. Smith , David Badger , E. G. henry. New Albany. Kaiisas-C. S. llarbough and Geuze Stumpf. Louisiana-WIlliam G. Weeks , New Iberia. Mnssaclmusetts-D. Eldrldge , Boston ; J , % Varrcn Bailey , Somnmerville. Michigan-\V. L. Jenks , E. L. Smith , W , J , Brotberton , L. J. Walcott , C. D. Ilanchett. Mississippl-T. R. Foster , Vickhurg. Nebraska-C. 3. Phelps , Schuyler : C. F. flntley , Grand Island ; D. H. Christie , Omnalum. Ohio-Fre'l ' Bader , It , S. Rosenthal , II. F. Cellarhus , V. 14 , Fincim , Cincinnati ; E , J. Swerer. Columbus ; 0. L. Sadler , Akron ; John K. Duke , Portsmouth ; C. II. Gallup , Norwalk ; Josiah E. Bayer , Dayton. Pennsylvania-M. J. Brown , J. K. Gamble , C. F. Koib , James Clereney , J. H. Paint , Robert 'r. Corson , David Jones , I'hila- dolphin , Texas-William C. Bell , Austin , Now York-Seymour Dexter , Elmira. Missouri-I' , II. Pierce. The states of Wisconsin , Iowa , Montana and Arkansas have not yet reported. It was decided th'at all resolutions should be referred to the committee without do- bate. First of tIme i'lLpt'rN. Upon reassenmbhing in the afternoon time ieaeuo decided to oroceed hurriedly to busi- nes that the regular program need not be curtailed by time proposed trIp to South Omalma this morning. Immediately after being called to order a paper was announced - nounced on "The Manageumeni and Invest- memmts of Co-operative Ilammks , " by Frank B , Sauborn of Concord , Mass. Mr. Sanborn was not present and time paper was read by D. Eldredgo of Boston amid its salient features follow : Wise muon planned time co-operative banks -the storage-basin for ammmall amounts of muommey , They Planned that little channels should be opened whereby the man the could save but little might have that. little accomplish great good for himself or others , building tt little home where lie migimt gather his family anti emmjoy time fruits of lila labor. It laugh thimu habits of economy and thrift , where before carelcssmmess , slothfulness - fulness and wretchedness were the rule. It brought veace and happiness to his whole fanmily. By timeso habits of economy anti saving , hundreds , yes thousands , of homes have been established , mind idany have beemi taught the principles of good citizenship , mmmi time way to Perpetuate our republican government In a solid and sdb. mmtantiai mimnommer , besides furnishmimmg time macnaB for the etiucatiomi of thousands. So with all our great fimmancimml Institutions- they begin with time savings of time leopie. amid are carried on by the aggregatIon of their savings. Co.operativo banks are inducing many to adopt the habit or saving , whore our corn- maui : savings hmmmnka have failed to do so , amid muatmy Imeople have become our shareholders wimo never saved a dollar before in their lives , A co-operative bank is one timat is based uion habit , Time habit of regularly , upon time first day of the rnommth , laying by $1 , $2 , $ or $25 , as we elect , is ommo of its primmcipai features-a habit which , if persisted in , is sure to make a versou rich. Time habit of eating regularly is productive of a strong physical body , The habit of regular Imours of sleep gives us better bealtim. Time habit of cleammliimess anti good order are great tao- tars in our modern society. Time habit of saving is one of time best of all , and this is time habit the co'eperatlve bank fosters and encourages. Ilmis habit re , suits in the accumulation of property , and wealth makes one practically Independent , Vith the savings , national banks are formed , manufacturing stocks sre purchased , railroads - roads are built and coummerce is carried on. But banking is the medium through which all time business is transacted , anti time accumulated - cumulated savings mire the means , It is for this reason I style time co-opera- tire bank the nursery of all banking. as it seemed to inc to be the point of beginning I and Iostczjn of alt flnaticlal movements. , . - - - . . , . - ' - I It may not appear to you to be appropriate. If not , then take the thoughts and make the application of the ideas to fit where they will. lLscr'e Vtmimd Quclitiomi , The first paper in a discussion of the to- servo fund question was read by Henry S. Rosenthal of Cincinnati , the subject beitmg "The Iteservo Fund in Building Associations - tions Is It Ieeirnblc and Necessary ? " lie said , in part : Building amid loan associations are the people's banks. They are not speculative enterprises - torprises or organizations for their own corporate - porato profit. Safety is their prime ussen tiai requisite , They are trust institUtions to collect and protect the meager savings , time little mmli , of their members. The money entrusted - trusted to them belongs to that class of our citizenship who can least afford to lose it. It stands for the humble liome of the 1S97-189S. . ? et 1mm Net Be- No , of Mom- crease in crease in AssociationS. bership , Assets , Assets Assets. I'onnsylvania . . . . . . . . . . . . 1,200 aooocio $ ihl.Til,81l $ G,7hlS7i Ohio . . . . . . . . . . . . . . . . . . . . . . .761 297,7S7 99,770,161 2,8&3,631 Illinok . . . . . . . . . . . . . . . . . . , ( .S2 ' 150,000 ' 13,399,192 ; ti,70tS2 Now Jersey . . . . . . . . . . . . . . 00 Il6,73 4l,0.3,934 71,310 . . . . . . . . . . Indiana . . . . . . . . . . . . . . . . . . 492 137.510 37,624,418 ' . , 470,729 Now York . . . . . . . . . . . . . . . . 317 102,902 57ISS-12 932gSS MmLsSaClitmsotts , . . . , . , . . . Ill G.,4h9 2497,843 1,691,151 Missouri . . . . . . . . . . . . . . . . . 25 49,46.1 22,197.i09 1,755,111 California . . . . . . . . . . . 13S 19IT $ l7,91lO9 31,201 Iowa . . . . . . . . . . . . . . . . . . . . . 57 23,1100 094,1'I Mielmiamm . . . . . . . . . . . . . . . . 70 20,497 6.19,307 215,334 Minnesota. . . . . . . . . . . . . . . . . GO 0,000 4,2t9G6I1 , 556f"53 " Temmnessee . . . . . . . . . . . . . . . 'ii 6lGd 3,771,354 634,595 Nebraska . . . . . . . . . . . . . . . . 11,821 3fdl,78't . . . . . . . . . . L 217,015 Coimnocticut . . . . . . . . . . . . . 15 11,201 8,2l3,93. ( , &M,003 . . , . , . , . . . . Maine . . , 3.1 8,23(1 ( 2,912,936 221,017 : 1IGG,95 $19t,809,670 l3,010CS3 , $10,600,050 Others . . . . . . . . . . . . . . . . . . . 223 281,284 $101,320,307 $ 310,700 Total . . . . . . . . . . . . . . 4,72 1,612,179 6Ol,130,037 13,31i,392 $10,600,030 masses. Of all financial Institutions the building and bum association has most need of taking every precaution essential to safety. That they are peculiarly adapted to meet unexpected contingencies baa been shown in time manner In which they have stood the severe - vere test of the Inst five years of business panic antI depression. The system has shown : more elasticity , hotter adaptability and more reliable stability than any other forni of financial Iimstitutlon. Very few banks , for instance , could have kept their doors open in the face of demands for the immediate PaYment of 50 per cent of their deposits. But many building associations , especially In the larger cities , had to meet this condition , and yet they are still doing business at the old stand. It huilding amid loan associations are to occupy and hold the field for which they are intended ; if they are to continue as the great co-operative saving and home-making and imome-coimserving institutions of the country. the very first essential is the creation - tion and maintenance of a proper reserve fund. The reserve fund is a part of the regulmu mnmcimlncry of the association , provided for in the contract or agreement embraced in the constitution and by-laws which all mem- hers have signed or agreed to by becoming members. It is one of time inducements which bring members into the association. In the second place , the reserve fund has protected the witlmdrawimig or maturing shareholder during time period of his mem- hersimip. In case of loss it has reimbursed him and at all times it has given protection and permanency to the association. Finally , if losses occur after his membership ceases they will probably arise from some mistake or mismanagement which was committed during his period of membership. Opmonltlois to time l'hnn. The other side of this question was taken by James Clarency of Philadelphia , who said : The stockholders of building associations are not as stockholders of other corpora- Lions , but are comitrlbutors. who agree to pay so much , and when that aunt is reached there is a distribution. They are contributors - utors to a common fund. There Is an economic primmciplo underlying building associations - sociations which does not exist elsewhere , and a reserve fund has no place ¶ in the as- soclation. Reserve funds In other corporations - tions affect time market price of the stock wherever it is offered for sale , while it cannot affect the value of stock in building associations. The creation of a reserve fund will defer the maturity of loans , which makes it a hardship to the borrower , who is looking forward to the time whemi his baa will be paid off , and the borrower must be protected - tectod , for it is upon him the associations must depend. We cannot depend upon a permanent fund in building associations and the attempt to establish it is to get away from the principle underlying time poor man's co-operative work. 'Flme building association is an economic organization and after long y.enrs' experience - once with them am prepared to say that these local associations , managed by neigh- hors , have never been improved upon. When there is a deficit in the security tea a loan it should be charged up on the hookB anmd assets reduced that much. This re- quirea heroic action , as it will show a decrease - crease in earnings for the quartr ; but the application of a reserve fund is only getting at it in another direction. The ios is there and cannot he escaped , whether it is bravely met at once by clmarging It off the assets or by coverimmg it up by the use of the reserve fund. MIcbmI J. Brown of Phila'lelgbla read paper not on the program which took issmme with the points 4tlvanced by Mr. Clarency. Ito said Mr. Clarency's idea of a reserve fimnil was iiot like time reserve fund advocated - cated in Pennsylvammia. There is nothing new in the reserve fund , he said , but there is sonietiming new in having tile fund imammdled in the proper manner , Shares are miever worth the face value without a reserve fund and that there is no such fund hi felt to be an evidence of bookkeeping. Advocates of tIme fund are trying to lead the associations back into thetrold time paths of simplicity. Mr. Hanchett of Micbignn favored a reserve - servo fund. lie said a law providing ( or this was passed by time Micimigan legislature , but the bill was vetoed by Governor Phmmgree. Ito said the member who contributes to the reserve fund tInes so to protect his own iii- vestment. He thought the association should be actuated in this matter just as an individual lays aside a reserve fund for emergencies , E. B. Good of Wahoo , Neb , ; Jmmmige Dexter of New York , Julius Stern of Cimicago , Simpson - son Dunlop of Chicago , B. Eldredge of Massachusetts , C , F. Bentley of Grand Island , Mr. Bailey of Massachusetts amid Mr.'igbtman of Illinois , took jart in dis- ciissimmg time question , which has been a bone of contentiomm in the nmnmmgornent of asso- cintlons. After the discussion a motion prevailed - vailed calling omm the committee on resolu- I tions to report a resolution recommending I that associations in the league adopt time re. serve fund system. % 'Iimit 1'hmcy May no. Charles F. Bentley of Grand Island rend a paper on "FIelds of Thought and Investigation - gation for Building Association Men , " in the course of which be said : For some inscrutable reason , the building assoclitiomm has often mLeemed to lie a mys. tty to that part of time public which has not been directly conimected with It. Ti's mnlm..onceptions of lt hiurposea , of its ilinitim. imona and of its needs have been great ; and imot the smallest task of the active friends of the buildimig association has beemi to re- EWC erroneous idean Ucla time mlmmd of the vubllc , anti not only ( roam the mmii of the public-at-large , but from time minds of the macwhere of legislative bodies that have mmmdc building association laws. Time buildimmg association is a co-operative credit institution. This deflnitiomm brimmgs before - fore our mind , on the one hand , time fields occupied by other forms of co-operative as- socimmtlons , and on the oilier hand , time fields occupied by other forms of credit institutions - tions , Fromu time very essence of our organizations - izations , we are closely allied whim both the one and time other , 1mm copimon with other credit institutions , the building association gatimers together accumulations of capital that otherwise would lie unmuseml antI inert , and , mnassing them , directs their use in channels where they become a mighty ecommomie force. Many of the questions upon whose correct solution the continued usefulmmess of the building association has depemmded , have been yed. There is much more of detail . , . -v-- - to be worked ommt-much that wili give employment - ployment to the brightest and best mindS among building association men , It will certainly tie to our own advantage to be come familiar with the experience of cooperative - operative sofieties in oilier lines of activity , and with the experience of other credit institutions - stitutions and , more particularly , with the experience of other forms of mnorigago banks : and to study the deductions of the soundest thinkers , who have made these Institutions the special objects of their iii- vestigations. Thorough familiarity with these matters should certainly enable us to make our own institutions more useful : and I think we may say , without undue self-as- sertion , that our own experience and our own detluctions mna } ' be made tmseftmi to those engaged in managing and legislating for oilier co.opcratLve and other credit maLl- tutions. l'oqtnl Smmiimmgs llmtimk. Time iliscuesiot of the postal savings banks vas called and tue interest In time question was shown by the 1elegates ImmedIately crowding to the front the better to hear the arguments made. Jtmiitms Stern of Cimicago here read a paper on "Postal Savings Ilanks amid Their ReIn- tions to Building Associations , " In wimleim lie advocated the cstablialmrnemmt of time po. tal savings bank , Ho reviewed time history of savings banks in this coumitry train the formation of the government to the pros- cot time , and then made an exhaustive review - view of the operation of vostai savings banks in European countries , Taiclng imp lila argument then lie said : Time Inadequacy of state laws in sonic of the states , the inmpossibiiity of procuring uniformity in the laws of time various states and of that co-ordination which would permit - mit of deposltimmg moneys in one savings baimkmind witlmdrawing them in any oilier at vIli , are certainly very atromig points 1mm favor of a cemitral systenm under the coutmol of the general government , affording the utmaost facility for deposits , transfers and withdrawals. Another and most powerful argument iii favor of the postomco savings banks is their absolute security , as the whole atreimgtlm of the government is back of theni , With the expertence to be gathered from forty years of operation in other coimntries , disclosing time strength anti time weakness of the system , it would apppear to be a matter of commiparativo ease to inaugurate 1mm comi- nection with the elaborate Postoflice depart- macnt of the United States a savings bank bureau that should prove it beneiit to the people separately as individuals and to the veoplo collectively as a governmnent , for iii this country , of all commntrie. in the world , it must he admitted ( or the boast of more than a century of national life is a tlelu- sion ) that the people are the government. If this postuimito be grunted then time ob- jectiomm raised under time cry of "paternnl- lam" must be waived as soon no raised , for our government being atlmninisterud by men who are the choice of no favored class , but of all the people. is in theory at least time broadest exemplar of "fraternallnm. " 1mm this country , with its vast natural ro. sources still awaiting development , its grpw- ing cities arid internal improvements still iii timeir infancy , time moneys gathered in time postoffice savings banks all over the land might under competent supervision he readily invested in part In local and muniel- pal improvements of undoubted safety over the whole territory whence they are gathered - ered and thus avoid mill disturbammce of the mommoy nmarket in nn' qimarter , If it is a good thing for the people of a cotmntry to become the creditors of their coumitry by owning its bonded indebtedness in sums of $20 to $500 eacim , as is contended by the advocates of our Popular government loan , why Is it not equally good , as an in. duceimient to thrift , patriotism , to civic pride , to be creditors of their country to the extemmt of a deposit iii its saving Uammks to 1 , . . . , 41 . , , , 1A IP % . , .f . . , . ( ; C.LVIJ fl. 1&J4SVLLLIUI. AZIC flOLIfl LUU& & ability ? Let. the people be brought nearer to time sense that their government is in all timings the instrument created by them and existing by their flat and for their service alone ; that it is the outconmo of theIr joint efforts and the consensus of their individual contributions - tributions , and they will more thoroughly do their duty in supervising it and insisting that those whom they elect to do their bidding - ding shall do it well. Then there need be no fear of paternalism anti the peoile , because - cause of a closer individual pecuniary interest - terest , may be trusted to see to it that time laws are so framed that the small , scattered , irregularly depommittl , and otherwise often wasted , sums which they may deposit in the postal savings banks in all portions of time land are so invested by the government for constructive purposes as to prevent hurtful - ful concentration amid to foster useful pub- lie works everywhere and yet have tIme niost perfect guaranty of security for time invest- mnemi t. Olm,4)IIitmOlL 10 tIme I'lnmm , Mr. Stern received hearty applause at time conclusion of his paper , and was followed immediately by Judge Seymour Dexter of . Elmira , N. .1' , , who opposed time banks. A synopsis of his argument follows : Time discussion of this question arises by reasomm of the recommendations of the jost- master general of the United States that time national government should estnhlislm a postal savings system , and time introduction into congress of a bill to carry out his rae- onimnondations. Time imnportmmnce of the subject demammds careful and considerate examninntiomm. I yield to imo one iii my appreciationm of time importance iii stimulating habits of savings antI thrift among our leopie , 1mm safeguard- log our ioliticai institutions , and the immoral development of our westora civilization , and years ago felt myself him sympathy with the idea of a national postal system , but at iresemmt mmmy convictions are clear and fIrma agaimmst it. Time most important field of labor for all interested in the welfare of our people amid time future of our political Institutions , mutt interested 1mm time imporiammt matter of btimnu- lating savings amid thrift among the masses , and especially the omiconming generatiomi , is the securhmm of wise legislatIon 1mm tIne tutes whore mmcii laws are not found at present , touching the formimation of savings banks anti building amid loan associntiomma , nmui their supervisiomm. The people of limo country as a whole have miot , in legislation anti (0.31- erimmg care , appreciated the importance Cf time local Inmilding ammO loan association , the most immmportammt anti bemmeficial savimigs Institution - stitution yet developed in our land. These associations , durimig the last eight years , immive stmfferetl in a degree becntmso of lax laws touching thou- formation and super- 'ision ; the laws beimmg such that they ver- mmmitted the formation of associations bearing time same name , but 'imolly different Iii character , amid through whicim losses have been sustainel in niammy parts of our country. I am opposed to any United States hmostal savings system because it is mmot 1mm harmommy with the tlmeory and principles upomm which our institutions are foundeij ; time domain of our government almouhil be confIned to guard- immg , mmupervismmmg , and educating Its cItizens in tIme possession nnd ltantllimmg of their own property , rather timaum to become their emma- todian anti Investor ; to make the govern- macat the custodian ntl immvestor of time people's savings , tends to the growth amid development. of patermmahisnm In government ; time government is so constituted , that 1mm time long run It cannot be a safe power to ha. trust with the great responsibility that would imm tinme be placeti upon it ; local sayings - ings Institutions camm afford aubstammtlaliy eqimal opportummity for the accumulation of savings , witlmout. incurrimmg the dangers he- fore-rnommtioned , anti secure an investment of the savings in the locality where accunmm- lated , and at time same time in large measure tend to educate the savers iii time handling and investment of their own money ; time postal savings hank would temmtl to retnrtl the growtim anti development of safe local say- Jogs institutions. Simpson Dunlop of Chicago , C. F. Bent- lay of Grand Islammd and James Ciarency of Philadelphia discussed time question , after which (1. M. Nattinger suggested that time discussion ho resumed at a hater session. Time president announced that owing to time plans of time bocal committec ( or last night and this morning there would be no more sessions until 2 o'clock this attermmoon and adjourned the meetimmg , Suit ( if Clothes ilIsIIImIg , Ii , Iteroux , a cook Ia a restaurant near Fourteenth and Farnam streets , has reverted - vorted the theft of a suit of clathes ( roam time kitchen where lie was at work.'imibo Iteroux was bending over the fire dressed in his working clothes some person entered from the alley amid escaped whim his street garmo'ismt wticb were hamigtog near the . , , door1 - ' - . - Soijill DAKOTA'S ' EDiTORS Quill Drive29 from the Banana Bolt Are Attending the Expoittion. MANY OF THEM PIONEERS OF THE STATE Men " . 'hmo Wemit to tIme VIlm1ermmess flu ii II rac.1 II a rlslu I is to Ailer- uSC' time Glories of mm tirent Agricuit imual ImsII Ire , TIme South Iakota editors to time mmumnm- bar of 125 , accomnpanied by their wives , own time exposition now anti what Is more , they rIil own it during the next day eras as most. of theumi intend to remain 1mm time city until Sattmrtlay , taking in evei'yklmitug on time groimntls , not even mnissing time Midway - way attractions. Time Soutim linkotmt brain workers are on their regimlar outing. They held timeir state press convemmtiomi at Sioux Falls and on its adjournment voted to comue to Onmaima. Time ) were mnet Imerti by Colonel iticlmardsomt of the Publicity tlepartmimcmmt anti after being supplied - plied with Irnsscs , were escorteti to time groummds , vresentcd with time keys and told to take everything thmmit they wamiteti. Amomug the South Iakota men there are a number who settled in the state when it was a imnviimmg wilderness. For limatamice , tlmcro is N. C. Nash of time Camitoum News , who was imi time tmewspaper lmarmmcss long before old Drifting Goose was evicted ( roam time valley of time . nlncid Jima river. Nash , like nil of the old timimers who hmavo sttmck to the business , Is rich anti jrosperouma. lie owns a fine oflice building amid has a plant that Is equipped with the latest style of Presses and machinery. Ito rumma a mmews- paper for busitmeas and profit anti while lie is mu partitan of tue republican stripe , tloes hot let volitics interfere vith money nmak- ing. Ito imas wrked hard timmrimmg time last twenty-flyo years , but proposes to take life easier from mmow on. lieccntl lam has taken his boys into nnrtnersimilm ammO they have much to do witim looking after the active work of the newspaper vlant , Omu' of Ilit' Origiimni llooimmt'rs , Another old timer is George Siosser , now of Sioux Falls. George has resided in time stab some fifteen years , but not always at Sioux Falls. When he first wemmt immto South Dakota ho took along an army iiress amid mu almot sack full of brovier typo. This ho ummmloatled at Ilitmmmt , a boom town emi time Northwestern road in Hughes coummty a few mnule east fran : I'ierre. There were no lioumucs iii the town , hut thmere was a dry goods store mmd some smmmnll trees. Siosser bought a bolt of cotton cloth aummi wIth an axe imo cut a imummiber of muzmplimmgs nrnl time next tIny with them and his bolt of cotton cloth constructed a tout iii which lie located - cated lila mrimmtiimg 0111cc , Time amino veek time Blunt Ativocate , a four-page sheet , witlm four coiumnmms to time uage , appeared , with the name George Slosser ilylmmg at the most- heat ] . lie made mommey mublisiiimmg final proof notices amid advertising for land corn- panics. In fact , lie boomed time town , but eventually seeimmg tlmat the lilace had no very promising future , ho moved to Aberdeen - deen and braimclmetl out immto an agricultural editor. Iii this he contlimumed for a miunmb.tr of years , later removing to Sioux Falls , where lie orgammizeti time South Dakota Newspaper - paper Uniomm , of n'hiclm he is now time su- perimitendemit , Slosser is one of the rich newspaper mmmcmi of South Dakota. I enry T. Volkmnar is another who helped make the state change from a. wiLderness to it land of imonmes. Ho came from Phil- adoiphia sornetiming iess than twenty years ago a beardless boy , and not belng loaded dewmm with dollars , walked a .greater porUon of the distance ( corn time Minnesota line to Milbammk , over in time Clark county hills. The Milwaukee road had just iocnted a tovnsite at Milbank and Volkmar thought that that would be a goomi place to drive lila sta1es. He did so and managed to get hold of a little mrintiumg office that was not worth more tuna iso. lIe located settlers , did job vork ammd practiced as a land nttor- fey. Busimmess comnmermced to rumm his way anti year after year his wealth increased. Later on ho built a fine office , equipped it with till of the modern pm'intimmg machinery , married and today he is very well situated. Urigiiizml IJoy FdItur. Aitimnugh young iii years , S. Grant Dewehl , editor of the Pierre Free Press , is old in experience. Along about 1880 his father set- tied in Sully coummty forty miles from town or railroad. Yotmng Dewelh hind worketi in a primmting office kicking a job press amid washing rollers , hut lie had mmover edited a paper. lie saw aim opportmmmilty immmti witim tIme tow dollars that lie imati saved ime boumgimt a $40 press amid a case of type , pay- lug lrnrt cash nod running lila face for the' balance. The mmext thing was to have an oflice , amid imaving exhausted his supply of cash ho was hard put as to how amid where to house imis printing ommtfit. lie was equmal to the emergency and going out Imito a slough near by he Idoweti up the grounti , cut time sod into convenient lengths nmmml hauled it to a point near imia father's iioimse. This sod lme laid up as they lay brick and in the course of a few days had a strmmc- tumre , minus a root , Driving to tIme Missouri - souri river thirty miles away lie cut a load of poles aimmi brush anti hulled for homne. Reaching there lie used the poles for rafters oh his house , coveriumg them witlm brush anti these in turn with dirt , thus making a roof that was mum imroof , Into this strmmo- turo imo nmovemi his primmting oilico anti the next week the hover , the Norfolk Times , appeared - peared , filled with plate mmmatter. This con- tlitiomi did mmot comtinuo ioumg , for tim fimmal iroof notices , wbiicim u'ero time boon to time early day editors of Sotmtim iakota , coni- ummenceil to roll in auth success was assured , Dewehl immatle immoncy anti after a few years mit Norfolk was emmableti to go to Pierre and purchase an interest in the leading i'epub- Ilcami paper in the central vortion of time state. it , 0. Ilesancon went to harold , a tovmm- alto eu the line of time Nonthmwestern railroad - road , forty-five miles east of Pierre , and built thu first hmotmse , It. was mmot a very 3mre- teuitious structure. It wan 12x14 feet , built of roimglm boards , placed up nail tiown , withm a tar paimer root. This was iii 1881 or there- abouts. Time building served as resitience , printing oilhce mmd land office , ( or while imot locating settlers on time jmuhmhic lanil llesamm- con i'as publishing a. paper , It s'aa a hittiti four column sheet , two pages mrimitcd at imorne and two in Chicago. lie mnado money ammd later on hmlmrclmased time Atlvocnto at Blunt , which George Siosser established , lie desides there now and is wealtimy. 1'immit ilmmiii , 'I'lm.'mmm Iliris. While the South Dakota imewcpaper men made money hum early days it was not by ptmbhisiming news , but instead by mubllslming notices of flmmai Proof. At time time of theIr location nhi of the hand extending from the Sioux to time Missouri river antI from the British line to near the south boundary of the territory was subject to imro-emnption cmi- try , in 1880 settlers : mmoved in at a rapid rate , Time law was such that at the end of a six months' residence they could commmmnimto and secure title hy ) provlimg this residence and paying the govormmnnent at the rate of $1.25 imer acre. Most of the seulers were desirous of securing title mut. time earliest pOsBiblo date , that they might afterward secure - cure a homestead , which thmemm required a five years' resldemmce. Before commuting uion time pre-emptiun the settler was required - quired to give notIce of Liii Intention to mnku final jmroof , TlmIs notice. ummder the rules and time regulations of the United States hand ofilce , had to be publiimcd for a leriod of ( pur weeks in the newspaper nearest the land , Wbea proofs commeuccd to come in the boys termed it those corpora- lion anti boosted time price imp to $9.50 for each vubhication. These notices ( iitl mint occupy more thman two inches of single col' ama space and were always paitl for 1mm ad- vance. Tlmis aflorileti time opporttmnit ) ' that they looked for when they establiahd their papers , and after the first final proofs Caine they rolled imm wealth until all of tIme land rommnt1 them hind beemm proved imp , in some instances time boys lmnil to run supplemuemmts , frequently publishing as highi as 100 imotice iii each issue , That tiny has forever passeil and imow they are down to lcgitimuato bust- hess , html they mill say that they are doimig well. Among those in t1m editorial party are : James Bryson amid wife , Gettysburg : \ \ ' . \V. N03'es , lhrithgewater ; 3. F. hiahiitimty' and wife , Iroquois ; U. M. Parley nnti wife , Mcdl. son ; irs. J , P. Fmmtloy , Mmuthison ; hi. 1i. Dowtlehl mutt wife , Arteslami ; ' ii , T. 'ohkmmmnr amuti wife , Milbnmmhc Fred Atherton , W'elmster ; \v. 5 , Fox , Trlpp ; 'iV. C. Bowemi , lttmriey ; L. C. Taylor , Alexandria : T. W. Taubnmnn , Plankinton ; E. S. Johnson nnmti eomm. Mitchell ; liner ) ' \'cmitzy anti sister , l'tmkwammn ; It. C. Tumeker , Etlgirton ; Miss A. Nilsomi , Edger- 10mm ; E. B , Dye nmiti wife , Gimenaivay ; 3. 1) . lteere , ( Irotoum : Miss Momma Tmnmhmmiian , 4ber. lcen ; Miss Lizzie Samnuels , Phmimiklmmton ; iicmmty I hoffnmami , 'IVoohsoy Miss Johnsomm , Mitchell ; (3. W. ICehleyWoomisocket' Chance S. flee'l , Woomisocket : A. Shernimm , llnittomi ; C. J. Maymimurti , Kimball ; MIss Edith Setig- wick ; iImimbail : Miss Fioremmce LaFohlette , Chnmberlamnm ; Miss Lizzie Stevens , Chain- berimin ; Mr. nnti Mrs , W. P. LaFollette , Clmammmberlalmm ; C. C , Fletcher , Abertleemu ; F. 3 , Trmmcey , , Ipawich ; E. 3. Searles , Atmcrdeemm ; 3.v. . Peckhamim , Aiexnmulrimt ; L. V. Ioty , 'atertowmm ; E. F. Latacim , Clmntberiaimm ; F'm'eil LaFoliette , Chammmbenlmmimm ; W' . S. lIowemm , Ynmmkton ; J , F. Arnmstrong ammti wife , Ynmmk- toni ; S. G. Dewcii , Pierre ; C. C. Lowe anti wife , Snlemim ; J. 1' . Loonmartl , ilctlammti ; L. J. Bates , Lake Preston ; N. C. Nash , Cmumtomm ; C. I' , Simerwooti anti wife , DeSmimet ; Mrs. J. M. Patton , Salemim ; L. C. Taylor , Alexamidnin. DELAY IN POLICE SERVICE 3lnlclimg Ucrmitlm Chief of Ic'tvetI'cs .Alri'mtiiy Jiesimits imL ( 'ommfuslomu miimd a Start for 'VimIeves , TIme ntnv ortier of limo Boarti of Fire auth Pollee Comnmumissioners by which time detective - ivo force has bet'um tnkemm fromn time charge of POiicu calmtaimms ammtt idaced ummther a chief of tletectives is already working to time further comufumsion auth immeillciemmcy of time imohico department. Time artIer imosteil at limo city jail directs that time tlmirteen detectives hereafter rehmort to Sorgenmmt McGrath , who shall hmave cimtim'o uiumthority over tlmemmi ma chief mmmii that they ho respomisiblo to no omie else. Time police captains tinder time order have mio Power to detail nasigmimmiemits to mmmcmi oil thetecti'o duty , mme matter what emmmer- geumcy mimny arise , As it is imupossible for time chief of detectives to be emi duty coum- timmuously there is a comisitherabio imortiomi of tinme each twemuty-four immure wimemm time tie- tectlves are absolutely without a working imeati. If citizens who have mmccii of a the- tective notify time central statiomi of the fact time chief of that departmimemmt must first be locumtetl ntuti orders truimmamimitted through hint to time mmmcmi. A vlctimmi last mmigimt of this delay and con- fusetl authority at time central statiomu vmms Willis M. Ward , a dealer in extracts , who lives at 2207 Douglas street. Mr. Worth's bemuse was rohmbetl seine tinmo yestem'tlay morning , amid 1mm thuti nftermmooum lie notified time poiico station of Limo theft , whIch nmmmoimntetl to $30 iii money , a rnilroati ticket anti a qimantity of other property of valtme. No progress was made in time case and last mmigimt Mr. Ward was led to stmspect that time robbery had been conmmitted by a. young mami who had access to the hiommac. Mr. Ward says he notified time hiolico station - tion that ho desired to have a detective investigate - vestigate the affair at omice in order to aim- tichpato time thief's possIble departure. lie was unable , however , to get connection with thu chief ot detectives , to whom lie was told the matter : mmust necessarily ho re- ( erred , and fimimuhly urged the mmigbt captain to detail' detective to time work , as qmmiclc Lction ' as necessary. Mr. Ward says time cnptaimm explained to him that time detective department vas out of his jurisdiction amid that lie could only send a umiifornmoti 1)011CC- mmmii tmumless time chief of detectives shomulti happen to make his appearance. A Patrolman - man coimltl ho of no muse to Mr. Warti nailer time circumstances amid he was obliged to await the arrival of the chief of detectives seine timime later. In the mneammtimo valuable tirno hunt been lost and no results have beemm accomplished. HORTICULTURE AS A SCIENCE 1ehriln iiiii Iua Mi.mi IIseii Ilie I'rmmi't I'nI t'orklmigs of 'Vliiii' Vot'ntion. Time hmortlcultunlsts of Nebraska and soutimwestern Iova ihmmlsimed their comiventlomi yesterday. Mammy of time uimenmbers were at time exposltioum grounds nmd sonic of those rime were to have papers aim horticultural topics dutl not put mm nppenrnnce nnti as a result time prograni of both nmorning auiti afternoon was very comnfortnhly comutheumseii imito the one cession. Time sulmject of evergreens - greens left over ( rein Tuesday was ( llsctmsseth amid apurs m-eatl by J , I' , Dumumlap of Dwight , Nob. , M. J. Wragg of Waukee , La. , antI F. H. Bruumimmg of Kent , In. 3 , 1) . Stihlsout of York , Nob. , had for a subject "Time Immiluence of time Bee on time Fruit Crop. " "Time Two Most Imnportmmumt Coumcluslomms in Fifty Years of Experimimcmmts in Horticulture' ' wnu imandieti hmy iloim. Ii. i' . Spear of Cedar Falls , In. ; "Fifteen Years 1mm louva Pear Growing , ' ' hmy M. 3. ( lrahmmmmum of Add , In. ; "how host to Sell 1mm a home Market , " by A. 14. l'lumnmmmer of Ivy , In. , mmmiii "Cmmrrcmmt Ctmltumre , " by L. 0. 'iVihlinumis of Coummcih Bluffs , Ia. After each hind linlshmeti reathing his imaimer time other mnemmihmers asked quemitioums antI tils- cussed the vmmniommmm wmmys of rmuislmmg and cmii- tivating time fruIt in question , A commmmmmittee of timreo mnembormu was mmppolmmteil to theciulmi on anotimor umiiomm mmmceting of time two asso- ciatlomma duniumg time whiter. Timis conmmmiitteo is as follows : lion , W. 0 , Mitcimell of Conmm- lug , Iii , ; 0 , W. Lotspiechm of icent , Ia , , anti Silas Wilson of Atlantic , Ia. w. 0. Mitchell of Corning arrived tinning time morning , hIm is imw finishing Imla first terni as state senator from Adaumms coummmty , having previously occupied a seat 1mm time house of ne'presentatiyemt for two terms , tIme Iirst termmi acting mis speaker of time imommami , Mr. Mitchell reports that crops are looking very well in hmimm section of time country , mmml that timere will be on inmumense crop of corn. Time dry weather imas Injured it sonic , but hot. to any great extemmt. .A uimu Ni'Iemm , Is. Anotimer stroumg vaudeville show Is aim- nouneeth to opemi mmcxi Suntlay at time Troca- dero. i'romlnemmt ( ma timti bill will ho lrrmma Orbasanmg' amid her traimmed cockatoo ; thIs act comae direct fnommm Kostn'r & lhlmul's tmf Now York , wimene it hits 'been mmccii mmlgintly for the last timree mmmonthms. Other nets omm time list are the Watsomi sisters , celebrutetl nenlahistum ; Frank Leo Mondue , priuco of time slack wire , nail six othmers. P1'l liters Sued Ohllt'.rs. Omaha Typographmical ummionm , No. 100 , hmeltl its electiomm of oiitcers yesterday in Labor temple. Great immiercat was mmmanifosted , 155 'otes being cust omit of a iossihlo 1ST , Timore was little ntrugglo for any of time othicemi of the local union. but a number of candidates were in time race for selection mis delegates to the eonventioa of time International - national Typographical uimioim to be hmeitl 1mm Syracuse , N. ' 1' . , onm October 10. V. II. Iclim- aol , Ii. C. Itowloy , A. F. Wilson and Ilemmry Yimmghing weno the four cammihimlates for timia hummer amuth V , II. KInney and It , C. Rowley were chosen , Kinney receiving 'S votes anti itowley 78 , 'Fho following olficera of the local lodge wcro pelcoted : . 8mhley , prcsWcnt IC. . The OontineiitaIs tc.TL. , 6,1 Stock rn6atthlg Sae Men's Stills SILOO ' See Saflhl)1CS of these $ iO.OO suits in oiur s1iO'WT Wi11TOWS. Men's Suits 5OU . .1 0111' eli iee ' 1)1 the suits iii the seeoiid row ill 0111' s1iov 'WillIOWS foi' only 5.OO. This ll'iCe is l'iTlCIl- loiisly lOW , Illt it iS the WillI-1lJ ) of oiii. ' stock - cleaning sale , and WC ni'e gOilig to give the pllllic ft1I benefit. Bai'gahis in straw hats f)1' ( 1fl11. alll boys ; andilin boys' suits foi' this is a stock - cleaiithg sale and the last week. It icihl tThmiblij judy yoni to ace time Conuimcmmta Jirt. N. E. Car , l5thm amid 1)oumglni4 , _ _ _ _ J S. Fishier , vice ircsldent ; Id. G. Edwards , sccrctnry-treasmmrer ; W.V. . Vosinmrglm , ser- geant-at.nrinti ; trmmstees , A. U. iltmtler , .r. J , j , Lewis ; delegates A. 1' . ' 1' . C. . S. 1t. flurnhmumm , harry Rowley , Cimaricmm Lhmmdsiey. GOODIES FOR THE GUARDS 'rum ( If All Sorts of Ca iiIm Coii.firtu Selit tIme fluimmi Immi llo's itt CliiikllIIIZLUgmI , ' \\'Imcmi Major Wilcox commeelveti time idpm'i of muemmding some dcllcai'ies nmnul other anti- plies to limo Ounalma Guards in camp at Cimlcknummatmga lie exlectcd ) that mm hmox oi two of supplies would ho comitribmmtetl , but girts exceeded all expectatiomma amid imioro thumur 2,000 iioUmiiis of muodiciumo , provisiomme , tobaccos - baccos , preserves , cakes , immuumimnocks , nmnga- ziumes mumti everything imagimmablo that uvottltLi coumtrihtmto to time comforts of cnummp hifol . % . ( ) ( ) hmackeil amid PreParetl to ho expressed. to Chickanmauga today. All time packimm hmrnmses hum Sotmtit Ommuimlma nmaile comitnibutionmi of canned goods ; the Omaha whmolesmlo : groceries - ceries donated tobacco , 1111)05 , himimm3 juice mmmii' other supplies ; time wboiesale drtmg houses gave immetliclnes whIch are umeetleti most. ilL time field , and immdividtmale coumtribmmteil vack- ages for time misc of time comtmiany mmmiii cur- taimi nmenmmbcrs of time company. Time work of czmniuig ( or time ( lonatiomus u'as tlomuo ant. . ' tircly by Major Wilcox mtmmtl imo exlmrcsmmcui time goods to Cimiclcammmatmga at him owmm cx- huc'mmse. Time commslgmmmmmemmt wil 1 reach Chmick- amnauga oum Satturthumy mmmiii will be ihiimtrib- mmted mm that time boys viil live Iii lmmxuryu Sunday. A mmmllmem' , 111111 roi'ciiit'mmt lii 'I'rflin Si'rvm 1c. ' on Nickel Plato road , trnumm No , 6 , leavIng Vami flumrcti Street I'asseimger station , Clml- cage Comm time Loop ) , mit 2 :55 : ii. iii , daily , for JIUffttl ( ) amid local statinumum , with Jimmffm.Jo sleeper. Also Now York sIcejuer via Nickelt l'hittii ammd Lackas'ammna roaths , Rates imlwutyir time lowest. Time excullttmmt traimm service tim flostnui nmmth New York City , vitIm tlmrougit' thay coaches nmmii sleepimig cnrs to New Yonl City amid thmnommglm sleepluig cans to Boston , and time excellemmt illuming car service , vliI commtimmue as heretofore , CUT RATES ON HARD COAL Figha t Is over itiil i'rl.m % t.'Iul JOel lies lured Vl I Iii mm IL Very Simort 'l'IiIi , ! . I Time ccommomnicah hmotmsehmoliler , lIke tilt , am- gacloulu coal lcmmler , mtimommld take umlvmmumtago of time liresemit price of coal anti lay 1mm 1mb' , wimmter'mm supply , uma within time mmcxi ten dmuym' aim niivanmce of at least $1 arm time tomm wilt' be mnilu. Time flgimt bctweemm time big ° 'or- atone in time coal llelmis was declared offt Sumniiay mmmiii time lmnicce emit ilurimig time liglmt wIll nesummie thick' old mam'lui. lheoru time ! lm'hmt time irlce ocr 10mm vnns 8.50 ; it iu how $7.50. Through mmmi error i ; jimthgmmmeumt as to the dmmratiomi of the light Oumimmimmu coal ilealurs cut tlum hirice to thu imrcscmmt llgmme. 'limo cut i'au matlo Fnitlay , , two thmmys before imencim wttnt ilcclmreil : hmetweumi time operators , Ommim of time dealers mmdtnittett yestertlay that immi they thuugimt titmit time ilgimt vas so near over time > ' would umet have , retlucod time hmnico a cent. Oimt of tIme fit- teen local dealers about five took udvantmngo of time cut vrices uuiii laid 1mm theIr winmter'ms supply. _ _ _ _ _ _ _ _ _ _ _ IL'mm t IC , 11mm iii'm's Fn ii i'ruI I. Time romnaina of ICent IC. llnyilen of Lia- cola 'hli arrive hut Omaima pe'r ii. & 'il , rail- ay omm Tlmunsmhny , July 28 , nit 4 m. in. Services mit the grave , Prospect 11111 cain- etery , mit 1 :30 : it , am , - KICSFRD9 OSWEGO ON STAR for tlio tab1o Th OrILnn1 , OIdft LHI1 Uct ( I. !
