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About Omaha daily bee. (Omaha [Neb.]) 187?-1922 | View Entire Issue (Nov. 28, 1899)
THE OMATTA DATT/T m5J3 ; TUESDAY , 2COV13MBEH 28 , 181) ) ! ) . TeltphontK 61S C.OI Bco , N'ov 27 , ISM. JUST RECEIVED New Stylish Dress Goods 06 Pretty , stylish , inexpensive a trio of good points that do not moet by chance theaoare the kind that will give you good service and keep looking " (75 flood as new. " AT 60c . Considering the advance in the market we are par ticularly lucky to be able to ofFer you. these goods at this price. . We have the much wanted colors- - black ground with red figure , black ground with the new blue , black ground and brown we know you will call them cheap after seeing them. Special silk sale Wednesday morning at 39c per yard see window. , wn rijosi : SATUUIIAYM A't1 ft p. M. iron rosxinn KID GI.OVUS AND aioCALi/s PATTICUNB , THE ONLY EXCLUSIVE DRY GOODS HOUSE IN OMAHA. T. M. O. A. UUILUING , COR. ItJTH AND DOUGLAS STS. surrendered heavy artillery In navy and slnco have surrendered to Nichols , commanding battalion Twenty-third Infnntry , 179 rifles , dno Nordenfcldt and four breachloadlng can non. Order rc'ttorctl ' In town and iJclnlty About eighty Tagolos scattered In moun tain's. " CASUALTY LIST FROM MANILA General OJln Iloiiort * the Klllcil , Wounded nnd Ilcntl from IMIMINC. ! WASHINGTON , Nov. 27. General Otis reports lo Iho War department that the officer killed In action at Hello on the 22d Imsl. was Charles M Smllh , a second lieu tenant" in the Eighteenth Infantry. Pol- Ibwlng Is the full list ot casualties reported By GenfifAl Otis under date Of yeslerday : - " "Variola , 20th , Johri C\ans , K , Nlneteanth Infanlry ; November 17 , John Miller , Fourth Infantry ; malaria , IGlh , Jacob Abel , K , Twcpty.-second Infantry ; 22d , Charles Brlt- cnsllne , hospital steward , Thirty-second In fantry ; nephritis , 18lh , Deri L. Flanders , K , Fourth Infantry ; Samuel L , Davis , G , Twenty-eighth ; tuhcrculpsls , 19th , Lawrence DInnen , sergeant , 6 , Thirteenth Infantry ; stabbed by comrnde , Ifth , Pres. Walker , C , Nlnetcenlh Infantry , typhoid fever , 17th , Joseph * Hallccka , D , Eighteenth Infantry ; 21st , Benjamin P. . raircnlld , L , , Twenty - sixth Infantry ; chronic" djeentery , 25lh , Charles Slader , A , Thirty-sixth infantry ; William J. Kennedy , C , Twentieth Infantry ; acute dysentery , 21st , Frederick Bale ; 24th , Clarence Hcall , K , Fourth Infantry : 17th , Charles W. Lamb , K , Thirty-fourth ititan- try ; 19th , Thomas Bell , A , Twenty-fourth Infantry ; heart disease , 21st , Fred Strout- rnan , corporal , M , Thirty-second Infantry ; Charles M. Smith , second lieutenant , Eigh- ttenth Infantry , 10 20 o'clock n. m. , No vember 2. ! , at Hello , Panay , gunshot In ac tion ; 22d , result gunshot wound In action , Rrnest W. Rhodes , D , Seventeenth Infantry ; Pavld McAdoo , B , nighteenlh Infanlry ; William J. Wallace. F ; Maxlmllliano Luna , second IJculenant , Thlrty-fourlh Infantry , 3 o'clock p. m. , November 15. drownel Agno river , near San Nicholas , InsecC bite , right forearm , 22d , Jacob Drown , I , Fourteenth Infantry. " Under date of today General Otis also cables the following caoimlflcs Killed. Maxwell Kovca , second lleulenant Third Infantry , engagement at Hldefonso , November 24 , 2 o'clock p m WoundoJ In action at Anabo , November 13 , Quince n. Furman , C. Fourth Infantry scalp plhht , James Mahcr , leg , slight , Edward S Dun- , , ! f i . * 'nQjiest 'Labor Bears a Lovely Face/ ' There is nothing more pleasing to look upon than a hearty , ruddy face , gained by ; honest toil. They are the saving of the nation , these toilets of both sexes , strug gling for daily bread. 'Pure blood makes them able lo keep up the ddiy round of duty at ho'nc , shop or \ store. If the blood has a. taint or im purity , or A ran down feeling comes on , the one remedy is Hood's Sarsaparilla , America's Greatest Medicine for the blood , j POOP Blood "SMy blood TO.TS so poor iha.i In hottest weather I felt cold. Hood's Sarsapanlt& r7t.itme ivarm. It is the right thing in the right place. " Hzttie J , Taylor , Woodstcnun , N. / . llooil iTTTicnre Ihfr Illi , tin * nun if rlujjnii .and r ' ' 'ouly ( Mllnrtlc lo UUe with llonil'i bar | i'trilii' WHEN WORM OUT l' ' ltlu > WOULD KAMOIS llodj , II ml n mill > < > rt Tonic AND AVOID La Grippe and Malaria All DrugKlHlH A wild Substitute * Portraits and ondorBomcnts sent postpaid MAIUAW & CO . B.V 15th St . Nc-vv York kin both thighs , moderate , John Hemfeld , M , arm , mbdeiato , In action at linns , John G Wetherby , L , shoulder , severe ; Jesse K. Soper , corporal , K , knee , moderate ; In action near San Mateo , 2d , Oscar McCulloch , K , Sixteenth Infantry , back , moderate. FOR AAVAI. STATION AT CAVITU. Admiral Dcney unit Sccrrtnrlionc Kiinicxtlt DlNciiNft ItN I"rnnllillly. WASHINGTON , Nov. 27. Admiral Dewey called at the Navy department today In re sponse to a request from Secretary Long , to discuss the question of establishing a naval stallon at Cavlte or ciher point near Ma nila Such a station Is now In operation at j Cavlle , but It fs foreseen lhat the require ments of the navy may bo much greater than those which are temporarily attended la at Cavlte. Thp admiral biought with him por- llons of hie report to be Incorporated In the full report of Iho Philippine commission. This discusses Ihe establishment of a permanent - ] manent naval station In the Philippines at Sublc bay , sixteen miles from Manila , as preferable to Cavlto , as there Is a fine harbor of a capable depth of water and many na tural advantages _ for making this a strong 1 naval eslabllshment Whllo Admiral Dowoy's view will doubt less prevail when -a permanent slatlon Is 1 established , this will bo for congress to deal with , and the preseni purpose Is to utilize the Cavlto station for the current work on the war ships. Hear Admiral GIIlls' name lias been mentioned as Commander of the I Cavlto stallon. He was at the department today and conferred with Secretary Long on the subject , , but the.JnipressloH pre\all t that ono of Ihe younger officers wl l be chosen. of TruiiNiinrtN. GIBRALTAR , Nov. 27. The United States transport Meade has arrived hero from Now Vark , cnroutc to Manila. The Meade left Now York November 1C with 1,110 men ot the Forty-third regiment of volunleers. PORT SAID , Esjpt , Nov , 27. The United States army transport Thomas , from Now York , November 4 , for Manila , arrived heio jesterday. The Thomas carries the Forty- seventh Infantry regiment , twenty-flvo joung women of Iho United States hospital frorvlco and a large number of Christmas boxes for the soldiers In the field , amen ; which arc numerous gifts presented by the Women's Patriotic league of Brooklyn > ow rli notN to .IIiinllii rirM. WASHINGTON , Nov 27. The Newark , Captain McCalla , has won the race to Ma nila , a cablegram received at the Navy de partment today announcing her arrival there on Saturday The Brooklyn Is now hastening from Aden to Colombo , closely followed by the. New Orleans , which hns been Btendlly gaining on her bigger competitor. "HYMENEAL OHlioriic'-Cnrr. BROKEN BOW , Neb , Nov 27. ( Special Telegram. ) W. H. Oaborno.as married last night to Miss Hally CanTho wedding , which took place at the Melhodlsl Episcopal parsonage , was n very qulel affair , only n few close fi lends and near rolalhes being preseni Osborno served Ihroughout the Spanish-American war In the First Nebras ka. He loft ns first sergeant of Company M , and returned first lieutenant of the com pany. Miss Carr la the daughter of Q. E. Cair , county commissioner. Both are resi dents of this place. , RAPID CITY , S D. , Nov. 27 ( Special ) The marriage nnnouhcement of Miss Gwyn- ealh King to Gilbert Uoo In New York on Sumla ) , November 12 , has been receive J Miss King Is well known in the Black Hills Sl-o Is a daughter of J. H. King. She was teacher of Delsnrto In the State irah orally at Veioillllon for some time , Mr. and Mrs Roe will be at homo In Non York Cltj after January 1. Hi'KliiN Tuo WMI-A' Siiti > iu > c , \ CHICAGO , Nov. 27.-Aonzo ! J Whlleman former slntc gentitoi In Minnesota , and nrom'noiH In polllles In lh.it elate who disappeared nfic-r being convicted of forgery In tbis citj- . and who was reccnlb rt > - arrpB'.d la Now York , was taken to the house of porrocUon todaj 10 nerve n sentence ; of two yonrnVhlteman said tcdaj. . Hint he would nt once appeal his camto the mipremc tourt. Slinotlnu' nl HIUMTriuK. . SAN FRANCISCO. Nov . ' -Dan Haves and Scrip Chapmnn , negroea employed nt the IiigleKlde r.ice tinck. quarreled today and the argument became so lieuted that llayos diew n pistol , but Chapman com mencedfiring - before- Hayes oould take aim Chapman llnd with deadly effect The murderer nnd dead man tmvo bei-n enemies for Homo time proeoaosoeosoeoaoacaoso'wa © Attention , Soldiers Prepare for winter by buying Canilee Rubbers , Over- SllOCS and Clllef Brand Mackintoshes. They are the best. Ask for them , No goous sold at retail. ZACHARY T , LINDSEY | Omaha , Neb. REPORT OF COMPTROLLER Ona of lha Principal Features is Inrge Increase - crease of Indvidiual Deposits , SUGGESTS RcMcDY IN PANIC EMERGENCIES Ciitnolilo > i wjtli rrpiliU-nt'f * llponm iiiiMiiMMun tluit NiUlonill llnnUH INMIIP ( 'I re u I n tin n to I'nr of t' , S , Iliiiiiln Ufpiiiltcil It ) 'I bom , WASHINOTON , Nov. 2G The nuntml re port of Charles 0. Haw eft. comptroller of the currency , for tlio year ended October 31 , 189D , hns been prepared fortransmission , to congress. Coiiilltlon of National.IlanUx. . . With respect to the condition of national banks during the jear , as shown by the flvo reports required from the banks , the comp troller says : The number of bankn In operation on September 7 , 1899 , was 3&n5 , with n paid-in capital of $805,772,970. Tlio Individual de posits on that data amounted to $2,460,725- 595.31 , ami the aRKrcEnto resources lo ? ! , - 650,356,133,14. A comparison of the Septem ber 7 returns with those made on September 20 , 1898 , Indicates an Increase during the } car In Individual deposits of f419l271.055 02 , In loans und discounts of $340,780,023.20 , In amounts duo from other banks nnd bankers , $1CO,391,89G C8 ; In specie , $41,097,22341 , and In aggregate resources , J64G,844,088 57. On September 7 the net deposit liabilities of the national banks of the country aggregated $3,031,403,016.08 , on which a lescrvo ot $ SDO- 508,825 90 , or 29 3S lier cent was hold The composition of thla reserve was as follows. Specie , $338,571,383.83 ; legal tenders and United Strtcs certificates of deposit for legal tenders , $127,7u4C'51 ' , duo from reserve agents , 1(111,120,00041 ( , redemption fund with the treasurer of the United States , $10,110- 130.63. Iloiiil-M'iMiroil l liiNtliCirculation. . In recommending to congress Improve ments In banking laws as directed bv sec tion 333 of the revised etatutcs , thu comp troller before making his chief and now recommedatlon for a bond-secured olasllc circulation , repeats his recommendation of one year ago for a law providing for nn un secured cmergenc } circulation to lessen the destructive power of financial panics , and taxed so heavily that under normal condi tions It must bo retired and can neither pro vide profits for the banks nor servo as a basis for the expansion of commercial credits. Ho emphasizes the necessity of such a circulation , designed , like clearing-house certificates , simply as a remedy for a rare emergency , and net as an Instrument of current business , repeating the words of his former recommendation , tow It For the purpose of allowing elasticity to banknote Issues to protect the banks and the community In t'mes of panic , a rmall amount of uncovered note1 * In addition to the secured notes should be authorized by ! law under the following limitations. They should be subjected to to heavy a tax that I the } could not bo Issued In normal times for the purpose of prollt , but would be available In times of cmetgency The tax rhoulil bo so largo upon the solvent Issuing banks as to provide a fund , which. In con- ' nectlon with the pro rata share of the as- sets of an Insolvent bank , would be suffi cient to redeem the notes In full , without necessitating an } preference of note hold- ets over depositors of anv Insolvent Issuing bank. The tax should be so lajgp us to force this currency 'nto retirement as soon ns the emergency passes Such a Currency could be used only to ) esen the ovll effects of the rapid liquidation of credits which are collapsing under u financial piulc , but could not be profitably used us a basis of business speculation and Inflation In introducing his new recommendation , the comptroller then sas that If suthaa law bo not passed , a markcd , , dpgrbe of , elasticity Is possible ot attainment In con nection with our present system of bond- secured national bank notes and should bo provided for by law whether ttfe former law Is passed or not The comptroller believes that , In accord ance with the president's recommendation , national Innks should be allowed to Issue circulation to the par of the > United States bbnds deposited by them for circulation , and that , In connection with the law author izing this , provision can bo made for a se cured emergency circulation The object of allowing the banks to tnko out circulation to the par of the bonds is to Induce them to furnish for the use of the j public a larger amount of circulation than is In existence at present The present ra'o of profit to be derived by the banks from their circulation Is not BUfllclent to Justlf } them In Issuing a larger amount , but any method of Increasing the profits on clrcula- tlon will result In an Increase It Is true that the authorization of un lasuo of currency to the par of the deposited bonds , subject to the present rate of tax , U one method of Inducing a larger circula tion , but it is not the onlv method. By a modification of the present rate of taxation on bank notes , coupled with the authoilza- tlon ot issues to the par of the bonds , tlip same inducements con be offered for a larger circulation and } et provision he made for a secured emergency circulation TiinUott > ClrruliifIon , Thf > comptroller , therefore , would recom mend legislation authorizing the issuance of national bank note circulation to the par ot the deposited United States bonds , and that the additional 10 per cent circulation thus allowed the banks bo subjected to a tax at the rate of 2 or 3 per cent per an num for the tlmo used , which will torn ! to prevent HH unrestricted use under normal conditions , nnd to save It for use at those periods of the year when crops are to bo moved , and In those periods of panic when It IB most valuable both to the banks and thn business public as a means of assisting the geneial liquidation of credits. With ih ? object of securing an Increase In tho. present banknote circulation , ho would recommend the i eduction or abolishment of the present tax of 1 per cent per jear on the clrculi- tlon to 90 per cent of the deposited bonda the amount of the reduction In the tax on currency to be collected from the necessary per cent of tax on the capital nnd surplus of national banks If requisite to the public revenues. To allow the banka to IBSUO up to the par of the bonda , unsubjected to ad ditional tax on the 10 per cent extra circu lation , will result In their Immediately taking out tholr additional circulation for the purpose of profit. Business credits will bo extended nnd adjusted to coi respond with such increase of the currency , nnd prac tically the same Inelasticity will chorncter- l/o our banknote Issues then as now. With the advent of a pnnlo wo would have no additional means of lessening the nere .Hily of a call upon the business community to furnish , by the repayment of loans , prac tically the bulk ot the ) deposits drawn by frightened depositors U will bu seen from an examination cf the calculations given hoielnafter that exactly the e.imo rate of profit could lie realized by { the banks upon circulation to 60 per cent of I the bonds deposited , taxed at four-ninths of 1 per cent per annum ns they could roillze upon circulation to the par of ( ho hnndj ut the present tax of 1 per cent. i It " 111 also be seen that It the tax on the 90 per tent of circulation should to entire ) ) abolished , or shitted to the frunclilso cf banks , that the profit on clrculatirn wojldbo , much larger than could bo realized upon cir culation Issued to the par of the bonda t > ub- jpcted to the present ta\ . In the judgment of the comptroller the a tables show conclusive ! ) that by modifica tion In forma of taxauon the same relative Increase In geneial banknote circulation , with an emergency circulation In addltlun , can be obtained while only an Increase without nn } cl * Hpit > coulrl bp obtained tin- dpnn } syiieni of uniform taxation up n pur circulation .MoilUli'itUuit of Tmnllun. For the purpose ot Indicating thit within HIP range of the" posslblp modification ot tnx- allen on n circulation to f)0 ) per cent ot the bonds , provision pan be made for an emer gency circulation of 10 per cent to the par of the bond , while nmfil ) encouraging the Increase In gencrrtl nolo circulation desired , the comptroller summnrlrrs the result of circulation given moro In dclHll hereafter Profits In dollars upon circulation ngilnst n deposit of $100,000 government I per cent bonds , maturing In 1907 , at picsent price , to- Ing the possible amount lo bo realized under different rates of taxation In addition to 0 per cent on the capita ) Invested In bonds , with money worth 6 per cent On $90000 o'n ' ulntlon , being 90 per < pnt of $100000 bonds 1 per cent tnv on i In ulatlon umlpr present laws $ 2i9SS On $1011,000 clrculutl6n to par ot . bonds , uniform I per lent ti\ ) n9 SS On $10.000 circulation to 10 ppr e-pnt of bonds , taxed four-ninths of 1 per < cnt , making possible an lusuo of $10000 ptnergenc } circulation , to bo taxed at the rntp of i or 3 per cent for the time Issued . , " 'W On $100,000 clixulut'ou lo par .of bonds , uniform tax of threo-fouitlis of 1 per ion ! 1,02988 On $90.000 circulation to,90 pc-V pent of par of bonds , taxed one-Plxth of 1 , ppr cent , making iMjsslblq an iSstle of $10,000 p/niprgJeliPV / , Urcitlhtlon to bo taxed at the rate of 2 or 3 per cent for the time lastlrd , . . . . .1,02988 On $100Doo circulation to par of bonds , uniform tux of Oiree-tlfths-of 1 per cent ; , 1,17953 On $10,000 cln'ulaKon to fO per cent ot par of bonds "wlthont taxation , making ptwlblp fan Irene of $10,001 onipigoncy 'cltctlhulon ' , to be taxed nt the rate of 2 or 3 ppr cent for the time1 Issued . lli9SS In the foregoing figures no profit Is calcu lated as accruing upon the emergency cir culation. The comptroller believes that tlip levIng c.f a tax of one-sixth ot 1 per cent upon cir culation to 90 per cent of the par ot the bonds and allowing the banks to Issue cur rency to the par ot the bonds by paying n tax at the r.tto ot 2 or 3 per cent per an num on the- excess up lo the par when outstanding - ' standing , will result In the desired Increase In our general banknote Issues , and pro vide a marked dcgr'eo ' of elasticity in our cir culation. In this cqnnectlon ( ho comptroller says ho can not proporJy discuss the question ot taxation on banks as jelatcd to the public revenues further than to say that the Impo sition ot a tax upon the capital and surplus of the banks lo offset any reduction In the tax on currency will remove any objection to his recommendation on the grounds that it lessens the share of the public burJeli . which the banks should properly bear. | In considering the probable effect on the amount of bank circulation outstanding which will result from U change in rales ot i taxation it must be remembered that the clr- i dilation would properly Include , If It nuld bo safely made , an estlniato ot the Increased price of government bonds , which will prob ably be incident to a greater demand foi these bonds front the banks seeking profit on circulation under the modified rate of tax ation This Increased price pt bonds may bo suclt as to negative to some degree the desired effect of an Incieascd banknote circulation , since It will tend to lessen the profits on cir culation. H .must , bo remembered , however , that this objection can bo made to any method of Increasing the apparent , profit , on banknote circulation , hjcludltig the niqthotl iof authorizing Issues to jpar , subject to a uni form tax. , * The comptroller believes that from the passage of' laws "altering , as suggested , the rate and me.thod'of"taxatlon of national bank notes ' , an jnerease of at , least " ' v$100,000,000 fnay'be , Yea ; on Efj0e/pqcte < l. Bused upao. a n Rresont bond-secured banknote-blrcuUiloj1 ! wlfleh .amounts ' to 'abdut SiirftOo'O.fioD , Tftltl this added amount , we would have , .undjei such laws , an avail able boud-sccurpd cmcrgeney circulation of at least SSO.QOtf.OOO. . Sniiiiniirv of OoiniifrolIrr'H VJu * . As a summary ofhis views on this subjecti the comptroller would call attention to the | following propositions. Flrst-TWhether not legislation he passed providing- for an uncovered emer gency circulation for needed protection from th < ? disastrous effects of panics , n very much larger degree of elasticity can bo impait d to dur present bond-secured banknote cur rency , thus making It of greater use in sei- sons ot the year , in which the demaneVfor currcnc } is above the normal , and of In- valualjlo assistance In times of panic. Second This result , can be obtained by the enactment Into , Jaw of the president's recommendation that national banks bo al lowed to Issue lo the par of the govern ment bonds doposltod by them as securU } and by the modification of the piesent tax upon national bank'as follows After determining approximately the lowest rate of pioflt which will call Into circulation the additional amount of na tional banknotqs dcqmed necessary for pub lic convenience this rate of profit should b < ? reached by lessening or shifting to the franchise of banks the present 1 per cent tax on circulation to 90 per cent of the par of the government bonds securing It A tax of 2 cr 3 pei csnl should Ihen bo levied on the excess of circulation over 90 per cent of the bonds , which will make of such excess cir culation a secilrcd emergency circulation only to be need when It becomes a public necessity , and not as a means of profit by the banks under normal conditions. The general increase In bank circulation desired being possible of attainment thiough Hie lowering of the ( nx on the 90 per cent circulation , this aJdltlonal tax on the 10 per cent dxce'ss circulation to the 'par of the bonds will not matorlaly interfere with such general Increase , and will cnly operate to create nn emergency 'circulation of great * value , Third As the use of icdlscoirjits und bills payable on the part of the western and southern banks at certain seasons of the year In regarded as evidencing the need ot an elastic cliculatlon , nnd ns bearing upon the question of the measure of relief which may be expected from the bond-securing emergency circulation here recommended , the comptioiler will state that without any general Increase In banknote circulation i > s j a result of new legislation the ponslblo cmergenc } cliculatlon of $20,000,000 Imme diately available , based on bonds securing the pieBcnl circulation , amounts to moro thnn the combined bills payable and redis counts of all the national banks of the United Slates outstanding at any tlmo within the last throe joars If the comptroller's estimate of a possible bond-securing emergency eh dilution of $30- 000.000 ho correct , ihls nmouni la about double the average combined bills payable and rediscounts of the entire national sys tem outstanding within that period As tlio elastic and uncovered Issues of tlio joint etoek banks of'England , Scotland nnd Ireland , comprising nil the uncovered bank- notCH there Issued , may be cited us Illustrat ing the advantage of un clastic circulation , the comptroller would also call attention lethe the fact that these entire Issues are but a bmall amount moro than the $21,000,000 bond-secured emergency circulation whlh would be immediately available on cxlBtlis bond deposits In the United States under the legislation recommended. And with an Increase ? In general banknote circulation , re sulting from modified laws , wo would prob ably have a bond-secured emorgeuc } clr u- latlon In this country larger than the cnri- gene } circulation of the joint stock ba-lci of England , Scotland and Ireland , which ii secured onlj b } the general atsets of the banks , without preference over other cred itors K'uril Itrlli-f In < UN iof I'niili'H , I'ourih13cn , If a spe-lal uncovered omor- gcmy circulation bo provided , lo b < > utod onlj in case of paulp , the plan here sug pelted of changing ( he taxation ant ) of secured banknotes will afford nn ela 14 circulation of value In limes ot money slrln- gency not approa < hlng the severity of i panic With orltliout the legislation for the special uncovered emergency circula tion the bond-secured emergency cltcilln- tlon will be of great public uso. I'lfth If provision be > made for nn uncov ered emergency circulation for use In times of panic , subjecl lo n tax so largo as to bo repressive at nil other times , the 10 per tout bond-secured cmcrKciuj circulation herein recommended might he taxed at the rat of 2 per cent per nnnum for the time Issued In stead of at the rnto of 3 per cent , thus allow ' ing Its freer use under more normal condi tions. Hut' If no uncovered circulation for panics is provided the moro repressive/ tax Of 3 per cent seems desirable upon the bond- secured emergency circulation. Sixth Ihero Is no need , under normal , conditions , of a large amount of emergency | circulation or a high degree of elastlcltv In ] banknote circulation The Immense volume of checks , drafts and bills of exchange , based upon the Obsets of banks and often called bank-credit currency , expands and contracts In accordance with the demand of trade nnd ' business , and Is the medium ihroughvhlch the great bulk of the business of our conn-1 trly is transacted It is cxtremclj elastic , ] and carles In amounts nt different seasons of | 1 Iho sttmo jear. H Is generally amply ado- ( junto to the business needs of Ihe counlry , ! except In times of disturbed confidence nnd , financial panic. Seventh The Issuance of bank asset notes under normal conditions nnd In the present development of our banking system can not be justified by the plea that without them the needed elasticity of banknote currency can not bo obtained Nothing except the avoidance of panic can nt preseni Justify any experiments with bank-asset currcnc } . When authorized for use In times ot pnnle they should bo so heavily taxed that they can circulate only while a panic lasts , and like clearing house certificates should he a remcd } slmpl } for a taie emergency In seeking the theoretical advantages ot fluidity In bank circulation wo should take no risks with Its solidity. Among olhor recommendations the comp troller strongly urges laws authorising the Incorporollon ot banks for Iho purpose of carrying en international and intercolonial banking ns distinguished from domestic banking He also iccoinmends laws author ising the establishment In small communi ties of national banks wllh a capital ot $25,000. He repeats his recommendation of one } eir ago relative to a modlllcalton of the law 10 striding loans to any one Individual to 10 per cent of the capital of a natloml bank , i , and advises the attaching of a penalty foi I ! making excessive loans after the present I I secllon Is modified j | Ho also gives In detail thp results of an | extended Investigation Into the devcloim.ent ) of all the different bnnklns sstems ot the United States during the last ten } ears. MEETING OF WOMAN'S ' CLUB I > c ] > nHin < > n t of I'olltlc'Hl niul Soclnl icleiiciKiiriilHlifN tin- for Momlajv's CatIi The department of pollllcal and social science under Mrs. C S Lobltigler , leader , provided Iho program for the Woman's club. It was Introduced by a Eong frooi Clemenl B. Shaw , a newcomer to the city from Chi cago. Mi' . Shaw has a deep bass voice of i remarkable purltj and smoothno.s , and though suffering from a heavy cold dis played , a method at oiico finished and ar ' tistic. HIS selection was Schubert's "Wtm- , derer" and In response to an encore he gava * lybrias the Cretan. " Miss Mjra McClelland was the accompanlsl. | Dr. George S Miller spoke on "Omaha , j Then and Now. " He begau bj n rocllal of bis experiences forty-live years ago when ho crossed the stale of Iowa In a singe coach. Arrived al a Mormon selllomcnt called Kanesvlllo , now Council Bluffs , and took n boat across the Missouri , land ng jwhero the smelting works now stand He described the "unsurvejed pralile" now oc cupied by the city nnd the "huts" with "floorless floors and window leas windows" lhat served as dwellings foi Iho men , less than a dozen In nuaiber , and the four or five women who constllulcd Iho entire white population of Omaha at the time He also spoke of the only child associated with those early days , a Ilttlo baicfootcd girl who once brought him a dozen eggs to pay for pulling a tooth and who afterwards as the wfo ( of a millionaire banker became a leader oi' 'ho best social life of the city The speaker created much amusement by his description of an "executive ball" which he designated as "Omaha's first social out break. " He told of the Icy lloor , cf the solitarj fiddler behind Iho slove , and the "full dress" cf the dancers , dwelling also upon the Intelligence and accomplishments of the nlno women who graced the occa sion bv their presence. The doctor reserved the eloquence of his address for Ihe pioneer women , la whom , he said , "Iho gloiy of the conquest made by this community over desolation , poverty and vice Is largely due" "The } refined , chai- tened and made beautiful the land condi tions , " ho continued , "laboring with cheer fulness and uncomplaining fortitude , and they lived and grew upon a social order as sound In virtue and as eainest In purpose a ? any that prevails at the present day " During the bublnets hour Mrs. Sly , heal worker of the Child Saving Institute , occu pied a few moments presenting the work In which she la engaged. Rev. Hughes of Tabor college brought the greetings of his college and said a few woids In favor of the coeducation ot the sexes The announcements are as f Hews The do- parlmcnl of English lllciature and household economics will nnect on Friday Instead of Thursday this week at 10 o'clock uml the choiUs class directed by Mi. Oscar Garrels- 5on will meet al the sumo time. The department of political and nodal aclenco will ghe a tea to Iho Miislglna club Monday , December 4 , Iho program foi the day In charge of Mm. Langfeldt German history class meets Tuesdaj , December fi , at 2 p m Paillamontnr ) practice , December 4 , at 2 15 p m. Leader of special drill , Mrs TalbctJ . \lli-in-il Mli'lilunn ItrlliiT l.ln'H Hall , LANSING , Mleb , Nov J7-State Laud Commissioner William A Fienib , onu of HID men Indicted bv the giand Jur > , ap peared 'n the circuit court this , afternoon and was admitted to ball In the sum at $ ! , C < X ) , with William O Thomson of De troit. Btato Treasurer ( leorge A Steel and State Printer Kobeit Smith as suretli't1 He IH charged with offering piomlslng and g'vlng a bilbc to legislative olIlcorH llniIVdllmi In IliinUriiiiliM , NKW YORK Nu27Edward Judson , a commit or. has llltd u petition In tinnk- runl ( > Liabilities. JHIs.521 , of which fGtK , 073 'u ON THE RUNNING TRACKS or r.\i-nt < I'uiifii OIT on < lp | l.ciullim lltuM * rour < ipi nt ( litrotintrj , WASHINGTON. "xcvTsTIt wn favor ites' day al Helming1 * , four first cliolrea bringing forrtfort to the heurls of the tnl- elil Speculation was rnlhor tame , how ever , M l the eiowd vvftn smaller Ihan has I usually been the cnto during this meet- 'Ing ' Stnrtcr Ca idy was unwell and Mr ( rpttlhglli sonl tnp forso < , nwaj uith only , riilr sucrero. In the llrst event , Strangetl i had the beit of thp mart b > thiee lpnrMhf i 'nnrt rompi'il home a v < , Inner In the fourth , Cupidity 5TOined to hnv i < the rare well In i hand until the la * > t olxtprnth mile vvai refiuied HMP .Mrlntjre uime itloiiR on \\nx Taper. Cupidity swerved under the whip and threxv Wax Toper out of his sir ile and managHl to Ret the \erdlit ! > v n heat Mclntyio regl icred a complaint iiRnlnst Jorke > Slack on Cupldllv , but It JVIXB not allowed The favorite , Queen or isonir , ran a poor rare In the Hfth nnd lln- lihptl in. the Hold Summary. I'irst raee , selling , 3-year-oldi , noii-vvln- ners in iws , seven furlong * Strangest won , bpeedmni ivcond , IMIen Teny third , limel 3D Second I.IPP , maiden 2-vear-oldw , live fur- 'lonRB Oonzolp. won , Oolden Scipjio co- oml. Thermos third Tlmo 1 22 1-5 Third race. JJcaroldone milennd llfty \rtids. S.I Slmonlan won , Clinr.tgrnre > second end , All Clold third Time 1 50 Fourth rnc'e , Mclllng , J-jcar-oldi non- wlnneri nince Npvembet 7 , six furlong < < i C'iiildlt | > won , Wax Taper second , " I l jlit third Tltni1:16 : 2-5 Ifth race , scllliiK 3-\enr-oldi Atid up ward * , non-wlinters of fliO In I'M ) , one and nne-R'xteenth mile1 ! I.lndlila wrtn. St. < 101 onto second , Tjbm third. . Tlmo : I HANJl'KANrisro , Nov 2-Oakland rp- I nulls : Weather cloudv , truck peed , i Plrpt raceIKo furlniiK4. J-j ear-olds : ITfconu won , JelpzlK second , Hiska third j inie. itch Second mw , nK furlongs , purfio : Tlmo- maKcr won. May \V second , Hosotmonilc tlili-d Time. 1 11 % . Thlid into , IKo-olRhtliR of a m'le ' , malrlon 2-\car-oUN , MUnir Or.iMtu won. Tom Sliarke\ second ; Hindoo ITiiut-H third. Time. I.02VJ Fourth rnio. two miles , sellliiR Hoolla wgn , 1JIIU McClosky second , Stromo thlnl. Timen 39 riftb race , olio mile , polling HI Kstro won , Tom rah oil second , Kavorslmm third Tlmo 1-41U. Sixth race , = e\en fiirloncx purseMorrv 13o\ , won Ollnthus second , Gauntlet third 'lln'o. 1 2S'4 ' uicn vr.ucns run -run MiMiiiililN .louko } ( lull MaUcN Some CluuiKi'N In Condition * , MEMPHIS , No27Secntai > M 11. Mc- Farlan of the now Memphis JocKej club has announced thu stake events of the spring meclliiR at MontRomeij pirK , whlult be- JRlns April 5 and continues until April 27 , WOO , InclusKe. There hae been Home cnnnBc * In the conditions for the c\ent" , which ha\e been made with nlew ot making the fixed stakes of more \nlue to horsemen. Tha club has abandoned all RU iranteod C\cnts und nothing but added munoj stakes are now offered at the next sprliiR nieutlnir , nine of which will clo e January 1 , 1900 The Dei by and Oiks beliiR clored last Jammr > Of the stakes which close January 1 four are for ear-old ? , three of wh'ch ha\o SI.000 added monpv and ( ho remaining one $700 added monev These offorlTRs for the Infant cliss were among the ilcheht in the west la"t > oir The new- stake for the J-vear-olds Is the Lumbermen stakes , which was formerh known as the Now Ga > os.o Hotel st ikes and \\ni < a Riiar- anteod stake last > o.ir , but as the Jockoj club has decided to abandon .ill guaranteed stakes the Lumbermen's , will ha\e $701) ) added mono } , whch will make 1thalue to i the wlhner In the nelRhborhood.of $1,200 One stake for Vjear-olds will close on January 1 which will vcr > likely prove 'ono ' of thw most popular events offered at the local association It Is the Turf Con- I gi"css sweepstakes , which hfts S2 000 added , I of which $1,000 IP added b > the Jockey club and $1,000 bj the Turf congress rive hundred of this amount will RO to the trainers and jocke > s of the first three I horses at the finish , to be divided as fol lows : Torty per cent , 20 per cent and 30 I per cent to the trainers of the 111 ft , second and third horse's lespectKely and 15 per cent , 10 per cent and G per cent respective ! } to the jockeys riding them The conditions of this race will Insure Its populailt } The Turf .Congrass-'stfikefi takcx. the pUce of the Leuhrmann stakes , which hats been aban doned , anfl , l'k& the old Leuhrmann event , Is at a distance of a mile Three "takes are given for 1-year-olds and upward the Montgomery handicap , the Peabod } handicap and the Tennesboe lirew'- Ing stakes ( selling ) . rnirr uni'Tvn WINS Tin : ncn. . Port-l3iKlit-H ur Hloi'lf C III < OK < at KIIIINIIM Clt > IN lOiMled. KANSAS CITY , Nov 27-Beit Replnp of Nabhvlllo , Tcnn , won the fort-eight-hour blccle race that began In Conven tion hall Tuesday afternoon of last * week , and In wlnn'ng the i.ice established a new record for fort- olRht hours The instance roverul 9B1 1-S mlle.s Is b7 l- < i miles , bettci than tlie previ ous record for a similar conic * t The final score , at 9'15 Honlne Dil miles1 laps , Julius , Dill miles , ( laps. Miller , Dill miles , 2 laps ; Livvson , 300 inlleb , 10 lap"Vallei , SCO miles , 7 laps Cr < Mt < ' Thri > ni < KIlnK. At a vviestllng match between Michael Crowo and Kmll Kllnk at Koiitsk'K hall In South Omaha Mond.iv night , the former domonstiated his tsnpErlorlty bv throvvlng the latter two times out of thiee , for a pulse of $30 and gnto receipts Crowe- made the llrst thiow In fifteen minutes , Kl'nk the second In fourteen minutes and live secoudi- , and Crowo the third In just four minutes and three secondr The m.itcn was a good clean bit of spoil and was witnessed by a largo crowd of men John Shannon was the referee and Dan Baldwin was back of Crowe and Trank Ulbson back of Kllnk Ciowo ha" boon mulct training for some time and has developed rapid ! } of late lie was more than a match In htrcngth for h's antagonist , but Kllnk was quick and clcvci und put up a good struggle for suprtmuc ) forlifN mill KlilllilKllii Miili'lii'd. CHICAGO , Nov 27-Charles Houghton , manager of the West End Athletic club of St Louis , today matched Clarence Forbes , the Chicago bantam weight , to light Stcvo rianagan twenty-five rounds bofoie the West I3nd Athlotk club DH em ber IS The men agreed to weigh In nt 100 pounds at 3 o'clock on the morning of the fight Hach man depofited fiOO and Houghlon deposited $100 with Toin' Ilanlon us forfeits The fight Is for the bantam weight championship if ( iiimoH n ( HIIHIIKH | | , HASTINGS , Neb , Nov 27 ( Special ) - Hastings will have plenty of foot bull Thanksgiving afternoon Two games am arranged for the wairto hour The Genoa team will play a city team , and the tee- end eleven of the State unlvors'ty will be pitted axnlnst HaftliiKS college The unlvorKlty hoyo outweigh the Hastings tMim b } an average of tw out } -three pounds to a man , but otherwise the elev ens are regarded as oven ! } matched SjicilrllMli llrntN loiidid 'I'l-ilm , DHADU'OOn S I ) , Nov 27-Speo'al ( ) The foot hall tonm of the noadwoml High school played a game with the Speaillsh eleven and WUH beulcn , ilin score being H to 5 Arrangements aio being made n play a return gamp In Dcadwood Th.inkh- givlng dav between the School of Mines and tin High school of this iltj VnmliM lillt I'ri'Nldonl of JocKoj Chili , Ni\V : VOHK. Nov 27-Tlw > bjurd ol dlieitore of thi ) < 1ont } iHlnnil Jockiv club today olodeil \ \ ' K Vamlcrbllt uits'liloiit , tr Hiioceed the lute Colonel Liwieii'p Kli | * < onMo . 'ipx-ri'l ) I'uiilNliiMl , cJALisnt'nc : in , N < M x-rmi cuikic\ wa" knixked out In s'x ' roiunlH hen I i- nlght b } Hcrh I'eterhoh Conklej w IH bad ! } punlfched , having twn ilbs broKi n DO NOT TAKE PURGATIVES Other than those recommended by the Medical Profession , For List of HOSPITALS and PHYSICIANS using and recommending " Hungarian Natural Aperient Water , Address United Agency Co , Fifth Avc , New York , Sole Agents of the APOLLINARIS CO. , Ld , , London , f mrFfiSS ' Mr-Vi , ' &r Jl1 < L- . * yrjf 'fnr - . . ' X " XAV L . , ti XA- . ( < * - "C S. K3v " " ' -1 7 * J } 3 'V ' > M\if. \ life " Tsfl/QZ / W : § < ACTS GENTLY ON THE AND BOWELS THE f J EFFECTUALLY v - + * i Y\.r ( \ OVERCOMES PERMANENT , ? THC GEMUIHE - MAMT D C > V J You have no need foi them any more ; they no\er were comfortable and Ihey ne\cr wore healthy They nearlj .ilwajs' wear out quickly and Just at present they cost a good deal Now , jou can get O'Sulllvan's Safely Cushion Heels which answer everj purpc'c and arc perfectly healthy , comfortable , soft and economical. 50 cents at nny dealers SI CO for a pair of Soles to match If > ou want them. Next to wings Ihero Is nothing better than rub ber heels Saniplo pairs sent where dealers can not supply. Heels 35 cents. Soles , $100. Send outline to bo Ilttcd O'SULLIVAN ' RUBBER GO. LOWELL , MASS. A SKIn of llviitit\ a , ! < > > I'orc er. nit. T. rnii\ not n MIVS OIUIM'VI , OH MU.IC VI , nVt TIKircil. ncmoves Tin. Plmplot , Freckles iloth I" llchno , Ita'h and Skin dls- eases , anil every MfMnMi on bentlty , nnd defies tletec * tlon It has stood Ihe test of 51 years am ) Is HO Imrmlpaa we taste It to be wire It Is properly ade Acrept no L counterfeit nf slml. 1 lir name Dr. L , . \ Save rnkl to a 'indy of Inn hint-ton C.i pillent"As ) you la < Mes will u o them I rcconiinr-ridiMl Oouraiid'a Crum ns the least Ii armful of all thn Skin prnpiritlniiH " Far nalo OY all UruiriflslH md l micv-Gooia Dialers In tht United States Tin Ida anil Kuroiio FKHD T. Hul'KlNS , Prop'r J7 Grout Jones fiN. . t. i Constipation , Indigestion , i PS18.8 | Biliousness , . 'Sick ii > v.nrije Headache , \van5 U ba cyf\l in men , women or e snl3&25r' children , cured ! ) ) " at cru-j m i i. AIM srjMU.vrs. Woodwind > L Ilurgoss , Mn'rs Tel 10IU. TOMtniT and i ) \ \ wTiMnn MCIIT , The Celebrated S\\edl li Dialect Corned r. it With Ilni Ili-iiili I KN lit lln Title lloli . " I'llces-75c , .0 ( , 25c , J5c V" BOYD'S THEATER rive I'crformane s 1 , ul inlng With THANKFOIVINC ! l\\ .MATINUL' , by Jlr John 13 KHIiird and Hilllliuit Suppoillm ; f'ompmiy fjp.it. rlcilre TlmnksRlvliiR Day Alritlnee AH'C'TI ADO AHOI'T NOTHING T.inKhBlvliH' ) | Hvniliw-MAHV STI'ART. i-rlfi.iv nviMiitiRMAitin ANi'HNirric ( Katurday Matlnet-Tlli : I.ADIKS1 HAT- TM3 Shtmilav NlKht-.MACmiTH , KoatH on Sale Tiii-sdaj Aim Prlcc-i fl DO , $1 W. 75c , ! iO < t'O ' TONIGHT 8:15 : Vli. uml Mi'N. Mllliin HIM I.H In "Tlu High Hall Tamlh ' ' MIIU ; . IO'I"I > , ( InMmlrrn V I-IIIIH. Mnmlr oiirliu-j HMHIIII A. I'lirlirii. KnrlicUii III ON. Tom llronn , , 'olui mill \ illliMi' < nrllij. You Can Hcser\e Rcatn for the Special i " \M\M.I\ i % < - i > \v M\I'IMI ; ; , ( omt > Hailj and Avoid the Hush Eniertaitimeoi Course _ Jp. A. Bovd's Theater x i r , iiii * > uiiiNiiii 'mil iii , iiiiu , ii llrilimlli diainl I OIIITI' < ( it. ! l illlllll 'I III ! Ill MX ( Oliri'H LO , I llohi'il Mrlof l ! < . II. I ) K Kntliili lni > lllilKi-iva > ConiTrl ( ; o , < l I'lof. .lolni II. IX-tlold- . 7 , ( iroiur \\riiilHiiu- - Seation Tiikeia Jl UO llebcrvgd SP.II- * Kxtro TitKclii on .i'ilc KI \ > l P A anil Book Store , Karnam htrcct