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THE WEATHER.
Fair; Warmer
A;OL. XLIII NO. G7.
OMAHA, THURSDAY MORNING, . SEPTEMBER 4, 1913--TWELVE PAGES.
SINGLE COPY TWO CENTS.
LOLA NQRR1S SWEARS
SHE TESTIFIED TO LIE
PROMINENT YOUNQ MAN WHO IS
WRIT IS SUSTAINED;
THAW AT C0ATIC00K
Hello, Girls!
BANKERS OBJECT TO
THOUGHT TO HAVE DROWNED.
FORM OP CURRENCY
PROPOSED BY BILL
TO SHIELDCAMiNETTI
Owns in Court She Had Not Told
Slayer of White Loses Fight to Keep
Out of Hands of Immi
Officials
sWTrlf1lU4I.MM
I
Spokesman for Association Says
Truth to Sacramento Prosecutor
After Arrests at Reno.
ARRESTED UPON His RELEASE
Notes Secured by Assets would
Promote Wildcat Banking.
Remains Dazed for Several Minutes
While Crowd Leaves Silent.
TO PROTECT MAN SHE LOVED
FAVORS ISSUE BY BOARD
slssisisiSK- B
Wife of Defendant Follows Girl on
the Witness Stand.
PROVES TO BE EAGER WITNESS
Her Husband Today Will Begin Per
sonal Defense,
DOES NOT DENY ACTS CHARGED
lie Simply Seek to Utinllty Them
by Motive from Which They
- .Nnrnnir (iovcriimcnt
Itestn Cnxe.
SAN FRANCISCO, Cal., Sept. 3.-Ula
Norrls admitted today In the trial of
F. Drew, Camlnctti for alleged violation
of the Mann white slave act that she had
given false testimony about her relations
with Camlnctti and Maury I. Dlggs lm
medlatel yafter their arrest at Iteno, she
owned frankly that she had not told the
truth and to that extent her credltlblllty
as a wlnesa and the value of her story
to tho government "was Bhaken, btu her
explanation was that she bad lied to
save the man she loved and whom sho
then trusted. Mrs. Camlnctti followed
her with testimony throwing Interesting
sidelights on tho "eternal triangle." but
In the main a rcptitlon of what sho had
previously told for tho benefit of Dlggs,
at his trial. She mado a willing and
even an eager witness for her husband.
Tomorrow Camlnctti will begin his per
sonal defense with his own account of
how he happened, "incidentally and acci
dentally." to leave his wife In Sacra
mento with a baby threo weeks old when
he fled across the California lino with
Lola Norrls.
noes Not Deny Acts.
Camlnettl does not deny his acts; ho
Bceks to qualify them by the motives
from which they Bprang. His defense, as
stated today by his counsel. Is to all in
tents and purposes tho samo as that put
forward by his companion, Dlggs. con
victed on like charges.
Although CaminetU had expected to tes
tify In person today, thogovernmoht
forestalled him and Instead ha listened
to his own words, aa taken down by W.
E. Doan. ft Sacramento court reporter, In
..ni., tho mutations of P. F. Atkinson,
assistant district attorney of Sacramento
county, after the Reno arrests. It was
to Atkinson that Lola Norrls admitted
. to'day.-shBhad lied,
Hn'lhecoura tho fnlerrogalor'yWe
accuracy ot which Camlnettl docs not
question, as taken by Doan, ho repeat
edly admitted that he had promised to
marry Miss Norrls after he should have
obtained a divorce from his wife on a
ground of physical cruelty.
Ml us Norrls' Jlepltes Ilcnd.
Replies by Miss Norrls in part to ques
tions of Mr, Atkinson and In part to
those he permitted CaminetU to ask, also
were taken down by Doan at the same
tlmo and were read by him from his
notes today.
With Its production of this testimony
the govornmont rested abruptly.
Marshall Woodworth, chief counsel for
the defense. In stating his case, an
nounced that "the statement mado In tho
train by the defendant to District Attor
ney Atkinson was a 'frame up between
Dlggs and Camlnettl to protect the girls."
Mrs. CaminetU on tho witness stand
testified to her husband's nervousness,
sleeplessness and lack of appetite during
the week before he left her and because
of her threats to carry their domestlo
infelicities to the juvenile court.
Nevrninn Grove Couple Married.
MADISON, Neb., Sept. 3.-(8pecIal.) ,
County Judge M. S. McDutfee Issued a
marri&ge license Tuesday to C O. Tex
ley and Miss Gunda M. Kasperson, both
of Newman Grove, Neb.
The Weather
Forecast UU 7 p. m. Thursday i
For, Omaha, Council Bluffs and Vicinity.
Fair and continued warm.
Temperature at Oman Yesterday,
Hours. Detr.
6 a. m 7T
6 a. m C
7 a. m 77
S a. m 81
a. m 85
10 a. m.. 89
11 a. ni 93
12 m 9
1 p. m 95
2 p. m 93
S Pvm 97
p. m 93
6 p. m 9$
6 p. m 91
7 p. n 91
8 d. m i 89
Comparative Local Ilecord.
Official record ot temperature and pre
cipitation as compared with the corres
ponding period of the last three years:
1913. 1912. 1911. 1911.
Highest yesterday 93 84 S3 71
Lowest yesterday 76 C8 63 63
Mean temperature 87 70 73 C7
Precipitation T .76 .00 .00
Temperature and precipitation depar
tures from the normal;
Normal temperature 70
Iixcess for the day 17
Total excess since March 1 W3
Normal precipitation inch
Deficiency for the day 08 inch
Total rainfall since March 1. .16.74 Inches
Deficiency since March 1 6.40 Inches
Deficiency cor. period, 1913.... 5.60 Inches
Deficiency cor. period, 1911. ...13.07 Inches
Reports from Stations nt T V. M.
Station and Temp. High. Prcclp-
State of Weather. 1 p. m. Tues. ltatlon.
Cheyenne, cloudy (8 n ,06
Davenport, clear .. ........ 81 S3 .00
Denver, part cloudy.. .... 80 84 T
Des Moines, clear,.., 90 us .09
Dodge City, clear Si sa .00
Lander, part cloudy 74 83 T
North Matte, cloudy &S w .00'
Omaha, clear 91 93 T
Pueblo, clear 82 88 ,09
Rapid City, clear. 88 94 .01
Salt Lako City, pt cloudy 74 SO .13
Santa Fe, cloudy..,..,.... C3 78 T
Sheridan, clear 84 88 .10
Sioux City, cjear.... 90 l .0
Valentine, clear 88 9 .02
T" Indicates trace of precipitation.
JU, A WEmil, Local Forecusier.
ALVA J. ALVORD.
West Virginia Coal
Operators Put Blame
on Union Organizers
WASHINGTON, Sept. 3. Tho coal
operators' story of labor troubles In tho
Cabin Creek and Point Creek districts of
West Vlrclnln. nn fnlrl In flin anMnl
prcsldont of the Cabin Creek Consolidated
Coal company. The hearing was a re
sumption of the Investigation began early
in me summer when the miners' 'Side wns
heard In West Virginia.
Tho desire of tho United Mlno Workers
to organize out field was tho cause of
the strike," said Davis.
"The trouble came from the outside
rather than from the inside. Thero had
boen no trouble until "Mother' Jones
mado her speech la'st August. Thero hud
been no complaint from the men, al
though all knew they were at llborty to
present any."
Resistance of arrest nnd Mm riant run.
tlon of property during the strlko of 1904
caused tho "guard system." Some of tho
minors would not stay on tho creek If
guards wero not lcntit. ravl until. mi
added that the peace of tho community
had. been much better stnCo the Inaugu
ration of guard system. Objection of the
miners seemed not to be directed against
the cuardit nr wntphm,n whn I.,, '..li-'
Jected ..to 'thft&EUardu. he said.., hut uma
Wlrectgainst'men-orklnir in tho
mines.
CALUMET, Mich., Sept. 3. Women
strike pickets attacked nonunion miners
today In tho streets ot Rod Jacket and
turned on the cavalrymen, throning
stones and cans. Two women were ar
rested and will be prosecuted. It was
necessary for the mounted patrol to use
forco in driving back the women and
strikers.
Government Plays
Its Trump Card in
Oaminetti Case
SAN FRANCISCO. Sept. 3.-In closing
Its case under tho Mann white slave
traffic act against F. Drew Camlnettl
the government played a trump card to
day. Testimony given by Camlnettl to
Assistant District Attorney Atkinson of
Sacramento county on the way back from
Reno after the arrests was read as taken
down by W. E. Doan, a court reporter.
This was an excerpt from the transcript
In tho possession of the government
which the defense vainly sought to have
Introduced in the Dlggs trial.
Doan read the questions and answers
from his notes.
"Did you tell Lola Norrls that you'd
marry her?" Mr. Atkinson had asked.
"I believe I did," Camlnettl had an
swered. "I don't want to make any
statement I'd be contradicted In later.
but I believe I did." ,
"Did VOU make tha nrnmlna In vnnil
Yalth?"
"Yes, I did."
"Did you Intend tp leave your wife and
children and marry her?"
"Yes, I did."
Doan testified that a clipping from a
Sacramento newspaper in which was
printed an interview with Camlnettl tel
egraphed from i Reno -was shown to him
on the train. In the Interview he was
quoted as having said Uiat he Intended
to marry Miss Norrls.
"Did you say that, or substantially
that?" District Attorney Atkinson had
asked.
"I believe I did," Camlnettl had an
swered, "although I did not intend to be
quoted."
Boy Blinded by
Acidin Golf Ball
WASHINGTON, Sept 3.-An exploslvo
golf ball may cost the sight of Stafford
Hawkcn, the 12-year-ok son of Assistant
United States Attorney Hawkcn. Tha
boy today Is In the hospital, where th
Physicians declare the sight of his tight
eye Is destroyed, but hopes to save tho
other eye. Acid In the core of the got
ball exploded while the lad was engaged
In seeking to discover the ball's composi
tion. POTATO CROP HUNDRED
MILLION BUSHELS SHORT
CHICAGO, Sept. 3. Epicures whose
ideal of a rnpaat Includes big oaked po
tatoes, French fried or any other variety,
suffered a serious shock today, when a
leading crop expert here announced thai
the potato crop this year In the United
States would be 100,000.000 bushels short
of last year, l'rlces for Minnesota and
Ohio potatoes in the Chicago marko: m.:-
anted tods: S to 10 cents x bushel
FUGITIVE'S COUNSEL STUNNED
Voice of Judge Deciding Against
Prisoner Trembles.
CAN HARDLY HOLD PARCHMENT
Court's IlrnillnR 81o nnml Not Until
l.nut Few I'Mrmrrnph In It Het
J tied Positively Who Hurt
"Won,
SlIEKIUtOOKK. Sept. 3.-Harry. Thaw
lost IiIh fight to defy deportation Iby re
maining In the Sherbrooke Jail, judge
Hutchinson this afternoon sustained a
writ ot habeas corpus calling for his
release.
Thaw remained dazed for possibly throe
minutes. Tho crowd began to leave tho
JuOgo's chamber In silence. Thaw fol
lowed aimlessly.
As he crossed the threshold K. Blake
Robertson, assistant superintendent of
Immigration, tapped him on the shoulder
and placed him officially under arrest as
an undesirable alien.
The crowd then surged from the build
ing and It was aunounccd that Thaw
would bo taken Immediately to Coatlcook
for a hearing.
Thaw's lawyers seemed stunned. Special
officers of tho Immigration department
Jostled them In tho corridors.
"I'll see you In Coatlcook, boys," said
Thaw, waving his hand to the reporters.
Judge Hutchinson's voice trembled as
he read the decision which In effect
started Stanford White's slayer on tho
road back to Matteawan. The judge's
hands shook so that he could hardly hold
tho parchment.
Thaw did not take his eyes" off the
reader. In his right hand Thaw held
limply two little pennants of tho fair,
which a little girl had thrust upon him.
Thero wore forty persons In tho judge's
chamber. Tho court's reading was slow.
and while there were lndlcatlonsjthat hel
would sustain tho writ ltVas not1 until
me last row paragraphs that - this be
came positive.
Chinaman With
WhiteWife Killed
CHICAGO, Sept. 3,-Charles Sing, a
Chinaman, 40 years old, owner of a res
taurant on the SoutJt Side, was fatally
bo atehand's'tabbed -at- hfs whornif today"
and died, a few hour later Jn a hospital.
Mrs. Alice Sing, 24 year old, the white
wife of the victim, was found uncon
scious by his side. She Is suffering from
a fractured skull and may die.
Josephlno D. Modelskl. 33 years old, a
Bervant at the Sing home, was taken In
custody and will be questioned by the
police.
After making an Investigation tho po
lice expressed the opinion the attack was
made by white men living in the vicinity
because of Sing's marriage to an Ameri
can woman.
Thomson Took Out
Accident Policy
(From a Staff Correspondent.)
LINCOLN, Neb., Sept. 3. (Special.)
The mystery surrounding the disappear
ance of Paul Thompson, Inspector in the
office ot Firo Commissioner IUdgell does
not seem to be near the solving from
this end of the matter than It wa yes
terday. This mornlng.lt was discovered
that Just before leaving for his trip he
took out accident Insurance with tha Old
Lino Accident company of Lincoln for
(1,000 and gave his note In payment.
In giving the note Thompson enquired
specifically If It would be the same as
If tho money was paid In case of acci
dent before the note wa sdue, and .when
told that it would, he seemed satisfied.
The policy was made payable to Mis.
Thompson, his wife, in case of accident.
PROBABLY FATALLY HURT
AS RESULT OF STABBING
FREMONT, Neb., Sept 3.-Iloy Howell
of North Bend was probably fatally In
jured in a stabbing affray on the main
street tf the town last night. Desh Mc
Neal, a farm hand, Is in Jail charged
with the crime. Howell and other North
Bend boys chlded McNeal over a pool
game. McNeal. the police say, bought a
knlfa and, returning, attacked Howell,
stabbing him In the side and abdomen.
The National Capital
Wednesday, September 3, 1013.
The Srnato.
.Resumed consideration of tariff bill.
American Bankers' association commit
tee outlined before banking committee
views on currency legislation.
Foreign relations committee reported
nomination of Henry Morgenthau as am
bassador to Turkey.
Lobby committee temporarily closed Its
hearings.
West Virginia coal strike committee re
sumed its Investlgition. with coal opera
tors testifying.
Adjourned at 6:10 p. m. to 11 a. m. to
morrow. The House.
Passed Ketch I Tetchy reservoir bill,
granting San Francisco use ot Hetch
Hetchy basin.
M. M. Mulhall continued his testimony
before lobby committee.
Banking and currency committee re
fused to hold hearings and agreed to
finish consideration of currency bill at
6 p. m. Thursday.
Representative Humphrey of Washing
ton denounced Industrial Workers ot the
World as responsible for Seattle Hots.
Representative Lewis of Maryland de
fended extension of parcel post system.
Debated urgent deficiency bill all day
without action.
Adjourned at 6 2$ v. m, until tinon
Thursday.
Drawn for The Bti by Powell.
ALL HEADEDJO THE FAIR
Difficult Task to Equal Last Year's
Record Attendance,
GROUNDS CROWDED AS USUAL
Expressions ot Surprise Heard nt
Completeness or AKrlciiltiiml Ex
hibit Daring; This Season
of Dronth,
ATTBKBAXCm TXSUHX8.
1813. 1913.
J6ny ia,4S 13,814
Tctttaay 20,707 33,179
(From a Staff Correspondent.)
'LINCOLN, Neb., Sept. S.-(Speclal Tclo
gram.) Notwithstanding all railroads
running into Lincoln ran special trains
to the state fair, the attendance today
Will fall considerably short of Wednes
day of last year, fwhen 53.SS9 visitors
passed through the gates. However,
Wednesday of last year was a record
of the last five years, and while tho at
tendance will fall short It may pot be
below that of some ot the Wednesdays
during that period, Superintendent of
Gates Jackson thinks the attendance may
run 15,000 short of last year and possibly
more.
However, as one passes Into the grounds
it was evident that a big crowd was
there, for tho streets and buildings were
full and the grand stand and bleachers
held large numbers while the usual
crowd hung on the fence around tho
race track,
Tho much-wanted and expected rain
which seemed almost sure would come
last night, failed to put In an appear
ance and the thermometer did business
at the old stand, as usual, around the
100 mark, though a breeze at times helped
things wonderfully.
Hoys Seeliiic SlsrhU.
One hundred and two boys, representing
fifty-two counties of the state, are In at
tendance nt the fir and make their
headquarters at the Boys' camp Just west
ot the grounds. They are given instruc
tions in dally work In the morning and
during the afternoon act as ushers where
they are needed. It is the opinion or
President Rudge of the board ot direc
tors that the boys have been well paid
for coming to the fair in themany things
they have learned while here.
The races today have all been good.
The track has been In good shape and
the horses have been able to do their
best.
Expressions ot surprise continue to be
heard on every hand from those who
visit the agriculture and horticulture ex
hibits. It would seem that nearly every
body who comes to the fair today was
prepared to see a great falling off in
the exhibits along these, two lines, both
in quantity and quality, and they aro
well pleased to be disappointed. Tho
public wil lgo away from the fair more
than ever convinced that Nebraska is
(Continued on Page Two.)
In HotWIH, Mrs,
Gates Eemembers
Her Omaha Friends
The will of Mrs. Nettle Collins Gates
of Omaha, who died in Paris last month,
has been filed tor probate. It disposes
of some !3,000 of real estate and some
thing like J3O.O00 of personal property.
The will .of Mrs. Gates bears date ot
April 11. 1911. There are a number of
special bequests, but the bulk of the
property goes to seven cousins, who aro
to share equally. Trinity cathedral, of
which Mrs. Oates was a member for
many years, is given 15,000. Mrs. Charles
H, Kellar. Mrs. John G. Bourke and Miss
Nettle Wakeley, intimate friends and all
of Omaha, are glvrn various articles ot
jewelry and curios gathered by Mrs,
Gates during her trips abroad,
"Loaded" Grape
Juice is Seized
in Washington
WASHINGTON, Sept. 3.-An attempt
to tamper with the piirlty of Sbcretary
Bryan's official beverage, the grape
Juice high ball, came- to light today when
vigilant Inspectors for the Department ot
.Agriculture seized a keg of what they
declared to bo spurious Juice when it
crassoa tne line into tne District or Co
lumbia. The keg was siilppcd hiaS&tttl
fornla firm. The firm and Its ogentslv!
here will b6 brought to trial.
EIGHT FROM NEBRASKA DEAD
Launch from Battleship Caught in
Hurricane Off Newport News.
WATERSPOUT HITS LAUNCH
II out Is ni Once Overturned nnd Men
In It Are Lost to Hlitht Under
the IHku Waves.
NEWPORT NEWS, Sept. J.-Three
potty officers and flvo men of tho battle
ship Nebraska twore drowned today when
one of tho ship's launches was wrecked
In the hurricane sweeping tho coast here.
The Nebraska Is at anchor off Fort
Monroe, but tho shore wireless has been
put out ot commission by the storm and
communication by small boats is impos
sible. Their names are not known ashore.
The . drowned men were attempting to
make shore whon, men on the wharves
who had watched their perilous passage
say, a waterspout struck the launch,
overturning it and men and boat disap
peared In tho waves and spume.
The hurricane which has been blowing
since early morning, Is accompanied by
almost blinding dnwnnmirfl nf rnln. hut
the battleships seemed to be riding It out.rearir t0 read h,B roply'
well. desDlte tugirlnir on their anchors. 1 accept, he said. "
Society Leader
Charged With New
Form of Blackmail
CLEVELAND, O.. Sept. S.-Mrs. Mar
garet A. Carter, Elyrla, O., society woman,
today Is in the county Jail here, charged
by federal authorities with using tho
malls to defraud.
It is alleged that she wrote Miss Lil
lian Huntington, daughter of W. R.
Huntington, retired business man and
well known great lakes yachtman, ask.
Ing for 13,000 under pain of having her
fiance, a young Cleveland clubman,
taken from her. In the letter sh Is
alleged to have represented herself as a
young woman Miss Huntington's finance
htd promised to marry, suggesting that
if the Elyrla society girl wants tho
oung man she must pay the stipulated
sum or the writer will take him herself.
Miss Huntington is the granddaughter
of John Huntington, a wealthy Cleve
lander, who, on his death, left 11,000,000
for an art museum now being con
structed. Mrs. Carter, SO years old, Is the
wife ot a retired tobacco manfacturcr
and has moved In the best circles in
Klyrla. She maintains her Innocence.
OLD AST0R HOUSE TO
BE MADE INTO TOMBSTONES
NEW YORIC, Sept 3. The granite
blocks fioin which the Astor house was
built In US6, making what was then tho
largist and finest hotel In the world, will
be turned Into tombstones. The public
service commission which Is taking up
part of tho Astor house In connection
with the building of now subways has
awarded a contract for the wrecking of
tho structure to a bidder who offered to
pay tho city 13,833 for the privilege if It
could keep the material. The company
proposes to turn the dingy granite blocks
over to a Long Island City tombatono
naker
GAYNOR TAKES NOMINATION
New York Mayor Will Make Inde
pendent Race for Another Term.
BIG CROWD IN CITY HALL PARK
JUm Mnrch front All Section of
Mtiiilclpiilltr Currjlnu Shovels,'
the ISmblrm of the Nerr
Slorbmrnt,
NKW YORK. Sept. J.-Voters 'from all
icctlona of New York City crowMcU City
Hall park this afternoon rind asked
Mayor Gaynor to become au independent
candidate for ro-cloctlon. The mayor
gave his consent. The gathering was
moro like a New England town meeting
than a formal political assemblage and
was probably tho first ovent ot its kind
In tho history of tho city.
The voters paraded from their homes
In the various boroughs armed with ban
ners, flags and thousands of shovels tho
latter signifying their npproVul ot Mayor
Gaynor's work in subway construction.
The shovel has been chosen as the of
ficial party emblem for tho Oaynor cam
paign. Jacob H, Schlff, the banker; Herman
Bidder and R, Ross Appleton, head of
tho Gaynor leaguo escorted .Mayor Gay
nor to the front steps of the city hall,
whoro they stood for five mlnutos, bow
ing to the cheering crowds. The mayor,
who recently suffered an attack of his
old throat trouble, looked pale and drawn.
"I tender you the nomination for
mayor," said Mr. Appleton, announcing
that all legal requirements for making &
nomination by petition had been met.
"Win you accept UT"
.Mayor's Acceptance Head,
The mayor's voice has been useless for
public speaking since ho waa shot in
llobokcn three years ago. Ho bowed his
acceptance and then motioned to his seo-
What you do
this day shall becomo memorable. You
are teaching the Intelligent people ot this
city how they may nominate their can
didates for offlco and not submit to hav
ing candidates Imposed on them by a lit
tle coterie of men who follow politics as
a dishonest trade.
"Mr. Chairman, In presenting me with
this shovel you are indicating that tho
pcoplo ot this city aro going to shovel
all of the miserable little political graft
ers into ono common dump heap."
HETCH HETCHY WATER
BILL PASSED BY HOUSE
WASHINGTON, Sopt. 3.-The Hetch
Hetchy bill, to enable tho city of San
Francisco to utilize tho Hetch Hetchy
basin, In the Sierra Nevada mountains, 142
miles away, as a water supply, was
passed by the house today, 183 to 41 The
bill now goes to the senate.
SAN FRANCISCO, Sept. 3.-On learn
Ing tho action of tho house today on tho
Hetch Hetchy project, Mayor Rolph satd:
"Our water question Is tho most serious
thing San Francisco has to face. Today's
action by the house brings us muoh
nearer to a solution ot the question than
we have ever been before. I hope the sen
ate Mill give prompt and favorable at
tention to' the question. If It does we
hope to lcsin work before the first of
next year."
STORE AND TWO HOUSES
BURNED AT HAYES CENTER
HAYI5S CENTER, Neb., Sept. .-(Spe-clal
Telegram.) The residence and office
of Dr. James fl. Anderson, tho old drug
building of Jacob Ambach and tho resi
dence of J. R. Gress were totally de
stroyed by fire last night, Tho origin of
tho fire, which started In the Anderson
building, Is unknown. Its entlro contents
wore burned. All movablo articles In tho
other buildings were saved. Tho loss Is
about $5,000. partially covered by Insur
ance. The Ambach and Gress buildings
could have been saved had there been
any water protection.
Federal Reserve Banks Should Be
Responsible for All Notes.
SINGLE CENTRAL BANK WANTED
This is Regarded as Best Way to Reg
ulate Discount Rates.
FEARS FEDERAL MONOPOLY
HiiKicrntliiii that Stork In npstlnnnl
IteMervn Hunk Do Sold to Pahlto
I Strenaounlr 01i
Jcpted To,
WASHINGTON, Sept. 3.-The kind ot
national paper currency the American
Bankers' association would like estab
lished In placo ot tho United, States treas
ury nines proposed uy mo aaminisirauon
currency bill was outlined to tho senato
banking committee today by bankers who
declared they did not favor asset currency
notes secured by the general credit
ot Individual banks because ot tho danger
of "wildcat banking."
"We bcllevo tho notes should be Issued
by the fcdoral roacryo board to tho
banks and to the publlo and all federal
reserve banks should be responsible for
tho wholo Issue of notes," said Sol Wox
ler of New Orleans, one ot the spokesmen !
for tho recent bankers' conference at -Chicago.
I
Senator Reed, democrat, declared ho
wits "wedded to no particular currency .
plan" and throughout tho hearing wit-
ncsscg wero questioned with freedom, in-
dlcatlng tho committee would take up tho
plan with open minds.
Tho chief evils ot the present banking
system, Woxler said, wero tho lack ot a
flexible circulating medium," and the fact
that banks have "no place to go for re
discount when we havo exhausted our i
own credit facilities."
"Wo bollevo tho reserves of the country
should be In ono big reservoir," said he,
"whore they are readily accessible, rather
than scattered In 20,000 or moro little piles
whore they can bo ot little benefit to tho
country In general."
An Increased Issuo ot government bonds
nnd an Increase In tho bond-secured na
tlonal bank currency would not meet thtl
present needs ot currency reform, Wex
ler thought.
HtHRie -? murt-"jm. .- -
The bankers tgaln suKested the ad
vantages ot a single central baTilt, esp
dally ns to the fixing of a ratb ot dis
count for all parts of the country. Mr.
Woxler said, howovor, that ho did hot
bollove the federal reserve board, under
tho administration bill, would arbitrarily
try to fix different discount rates for dif
ferent parts of tho country,
"The rate ot discount, would readily ba
fixed by conditions In the Teglon ot tha
reserve bank," he said, "and Uie federal
reserve board simply would proraulgato
that rate." Senator Reed asked If tho
banks were not responsible for the sus
pension ot payments in the panic of 1807.
Mr. Wexler replied the banks withdrew
tholr deposits from New York and to
that extent contributed to the stringency.
Ho said largo deposits carried by country
banks with the leading city banks wero
an element of danger whenever a money
stringency arises.
Samuel Untermyer of New York;, coun
sel for tho money trust Investigating
committee, was present today at the re
quest of Chairman Owen. Ha probably
will later present an answer to tha
banker.
Pears Government Monopoly. 1
Suggestions that the stock of the pro- j
posed regional reserve banks be offered J
to tho publlo wero disapproved by the '
bankers, who contended thut the publlo
would then have the right to demand
privileges of deposits and rediscount and
ultimately the government would monop
olise tho wholo field ot banklngand th
communities would lose the benefits of
banking competition.
A plan ot direct government control of
rediscount privileges outlined by Senator
Hitchcock, proposing the glgantlo federal
gold reserve created by the sale ot ad
ditional government bonds, was ad
versely criticised by members of the
bankers' committee and some senators.
Mr, Wexler declared the banks wanted 1
a system ot notes Issued by the banks
themselves on a gold reserve. Proper safe- .
guards would effectually prevent an "In
flation" ot the currenoy through such a
system, ho said.
:
Back to School
September means the return
with reluctant feot ot thou
sands ot young people from
Beaetde and country, from
laughter and play to the seri
ous bUBlnesQ of school.
Few children really wish to
go back to study, but there aro
fow that will not bo made hap
pier by the knowledge that
they are suitably outfitted for
their Fall work.
Perhaps In no class of wear
ing apparel aro there so many
well known trade-marked
brands as la children's cloth
ing. These registered brands oC
outer-wear and under-woar, of
stockings, shoes and hats rep
resent real quality as to style,
comfort and durability.
It you are not already famil
iar with them you owe It to
yourself and to your family to
read thoroughly the advertise
ments about them In the best
newspapers and to start your
children to school equipped In
tho best possible manner.
