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10 BANKERS HOLD MEET IN TRISCO. Record Breaking Attendance Seems Likely Preliminary Meeting- Held by the Trust Company Section—Paper Prepared by Gage Is Read. ? 'in Francisco. October 20.—The hotels rapidly filling up with delegates to ,f ' convention of the American Bank •• •' Association. Fully 1.500 persons ‘ one in ( >n a special train sent across " f> continent by the leading railroads. addition to those there were other ’uousands who have reached California t; ie regular routes of travel on reg trains, ft is the consensus of opin '"'■ among the delegates that the ar mg-'ments fop the convention are most "■mpl te and they are pleased with th; '•oe ome extended by California and San 1 'ineisco. i hre P meetings preliminary to tomor ’""s convention of the association were ; :■! today. The trust company section in the California theater with i-1. A I " ter, chairman of the executive com mitt, e, presiding. There was a fair at t- edance of delegates. The report of the *■ tion showed a balance of $2 519 In : i.- treasury and a total membership of 50 I. secretary Branch read the paper on : : list Companies as Trustees.” written Lyman J. Gage, president of the Uni- S'_atvs Trust Company of New York What Mr. Gage Said. •d: Gage said In part: In this countia we have not well 1 :n-d tiio lesson of content with refer ' io an a quir' d competence. The .'infi. an business man seldom retires li- : t» to struggle on in th. iiarnest IO ■ irry the liii.in. ini problems to the * 1 ■' ■■ :t a bie end, no; as a general rule it -m considerations of avarice < lor in no : .try are the rich more generous or I- at at ici ms), bitt from t h sheer jo.v " iiievement and the fascination which : ie conflict of business lit. has for him i: Engkni they nave learned better titan w to be content with a competence, to r.'lieve on- s s.-ls of the burden <>.' wealth .inn to <i. -\ ot< ...m-'- energies to o purposes .nan the me. increase o’’ the ourilen. l.j other words, there is la Engl .nd a pniincitrni h-i.-iu - class. . nieii who hap. not m.-rciy withdrawn I inemselvcs from business. nt woo wi'l ■ Pot i ven be burdened will', 'he are of ■.- <>wn possessions and wh ave it riil.fr to family soli' i; u or to fiduciary I orporations. Thus freed from the hut■ I i--i they find tin:-- ■. d rot.- t!.■ ms*'l■ _____ i'l.iit'i-s .c- I:. ir . " • • at- , I Save Weak Men. I Have Discovered the Man clous Secret, of Perpetual Youth and ' Undying Manly Vigor and I Give It to You Free Mv Mysterious Compound startles the World j With Its Wonderful Cures With tins Marvelous Secret Xo Man Can Grow Old and it Is Mr Mission on Earth Henceforth To Brin# AU Jaded Worn-Out Men to This Founain of Youth. Send No M ney S mplv Send Your X.mie and Address and This Marvelous Compound Will Be Sent You by Return Mail. Pre paid and Absolutely Free p. ipetu.nl life an i vigor in in.-n. To mo It has I t.run given bring ; > • • fallen. v. •:c . worn bpon. .'ii-’ pvpi: m s: • .f the I **arth I . -n-l n.v m--c. ■ :>,>■ .-cul j • and j hep* an! help. :. r-i.-ib-vers n.-uy and ■ cry but I li- ‘ t 1 n . Mv w.-rk has ; ms; begun ar-.i I an: < she f t'crc't g this niicy.ty !<•*:. 11$: p.wpr, i this vital life spark, i it. i . fluid ■'s' ffelly a 5 " ',<;W > ■ AS ■ - a.j- .LmA’Ssul• su-LSati ’Xk'-- ?> •' ■ No .Van Is Lost--Th«re 1 . a Sure Cure ' for Every Weak Man. Dr Ferris. r • ••’.- -v. tk man ?.-•• ' ■.■ pn *•:. - n an I ft resrr-> h.m instantly l • ■h. —on-h and ; p-jc.Fiful vi;;* r * 1 y ■’ \ v ni. Ui-.- mtr • b-us. j r ..;a;-,u.i i, wj! i ■ .)k-v,.v.•1 I after a i ■■ art.-ien 4 . \ It is i.. .. .- : .. r w-..tk man ’ ■/.r r.-iriiiz ■ ic-’r md th.- ;• n- I.S: of the i pV.t.n:-- ■ • B/t.: : XVi’a :iiis it vMerlom= ‘ ’:' tri wiii -ver a#?ain be ! truhled aith i.nr.'i- K-y. vir::] -. s nightly! < rrra:-:'i !n i. ' :t. > preina* i f-iit? . ■’••:• etiv -j- ■■:• lack . irnl f.n« ;gv. j S-nd snv tv moncx-. ft smy d-.ify, guided by : a: Cnse-n Hand —i’ is m. jnisidnj; on earth— 1 TJ!V i!f»- A .rk -to hi :r the taken, heal the i W.-.U and ••ure the maimed or umHvciuru <}; and ; to fv# xy n an ? h.is lost n!< vital power or : ftnds it wan : ng, : - nd my :.- e P <age of k,ve ' ... » p •<* ••■ tn i i ti -ay him and I ' • <• happitn- v a ! ;< • .> impetuous vitality and ’ man'.. i •>: ii-.-pp!; u r : .; youth. : ttomembcr, matters not h v • d yyu an -. : it niaJt'TH ..i f h .. -..-a h.st y<>ur manhood, ~,r i -a you '.OST It. It matters not what doctors ■ <r s-->rr<6 -1. . - * Un.cv drug or ! >:;m rating m;i-/ > :r'-a::m.nt. ;.;;t it is the ; .-perk '> i'- and it matters not i hr. .- many rem-and uet-.r.-* have .’ailed. I j . ;•«-.< t'* : I.'-' aim !n> . mtly r- --ru?wed the i y outh *>'’ ! kl men. My - ompnund never ! ■s. I li :*■; in: jaded men ; t« \ vitality. ‘ '-' j ' b'or worn-out <i • a I hav«- - f. kin k- I in an :n< tant. and to j su»v. th** I’parkHng vrairy <»f y.mth. Write I ■, . me rod;.j -‘i I tell in u<m- ‘ lid* m e hH ?■. ur <a ■ . My p r ._ ; ■ ■ ' J 29 • i e . ...-v v «-<ik nai ■ ■ : j •._• f«r 1 will give ■ '-m nr: .r: ■ -’th, ti • i < ■•rne Joj' and ; ; . ; .->■ : ■ • C). •. 'll -A. ndrous t ; , (■ ; t -rtb d v r. i by it- mirae. . , i- effects, yet I ;m* fame nor glory. , ufa < - me If I may b tte humble instru- 1 i'..-r >f Nature’s greatest powei in bringing | > - u fnt > in njovmc*nt es t . ir true man- ; and 1 t tied to »;.> hen* <-n earth I do ail that in my i ■ : s greet c a and te-.vard bhaM be fn the w'‘'4g.- that J .• . . unt •■rb- rs i would H-lit suits of literature, the cultivation of art. the enjoyment of their landed es talcs and to the legitimate pleasures which a large cosmopolitan capital like London affords. i tn America, an ever increasing num | bei- are learning this lesson. Their greatest problem is to find a suitable eus- ■ todian for their wealth, to whom its cares and responsibilities may be safely I delegated. "If, however, the American man ol wealth does not wish to retire from bus iness. but with Ills characteristic and in exhaustible energy, prefers, forth.- mere pleasure of achievement, to continue to add to his accumulated means, he is yet confronted by th., possibility ot disability through disease or infirmity of age ami the eertaintv of death. Unless he is strangely indifferent, lie cannot be un mindful of the question as to the ulti mate disposition of his inherited or ac quired possessions. "Sooner or later, the obligation must oe discharged to make a wise disposition of his fortune, ami as nothing is more cer tain than that he cannot himself con tinue. nothing is more important than the question, ‘Whom shall J constitute my executor or trustee?’ Trust Company Solves Problem. "This problem which, to thoughtful and conscientious men is a grave one. the trust company, in its legal capacity as administrator, executor, or guardian or trustee, is established to solve. Enjoy ing the jierpctuity, it is not subject to the vicissitudes of death. Controlled by the limitation and provisions of its char ter. It is kept by the strong hand of the law within the limits of conservative oja-rations. Presumably managed by a competent board of directors, the bene ficiaries of the trust have the advan i tage of tin colli'ei.vi wisdom oi the ex perienced man, ano in financial matters, in a multitude of experienced counsel lors there Is safety.' inspected bv inde pendent officers of the state, any wrong u 'ing by tlie officers of a trust company cannot long remain undiscovered. Pos- j sessed ol ample capital, the beneficiary is I guaranteed against loss through errors or willful dishonesty. Moreover, tiie trust company, in managing many es tates. can do so with an economy not possible to individual trustees. "I submit, therefore, that the burdens ’ of the rich would bg sensibly relieved ' if du>- regard -.very had to the advantages I offert dby the tri.st company. This brings ni.- to a closer consideru- I tion of what the trust, company should be in its .'haracter, capital and methods of business, to enable it to discharge with i.e-11 and fid nt-, tin high duties im posed upon i, in ik fiduciary capacity as trust'e. its eax>ittil should I, adequate In its responsibilities, its officers and di rector.'. should be men of . xperienee and with a single mind devoted to the insti tution they serve. Its eorporati work, w!>. tiu ( < xclusively relating to its trust j ! ' ir..-- oi not. should be of a dignified j character and free from hazard. Around j 111.- trust company should further be i thrown the safeguards of wis legisla- i tioi'. In some ol the older states, ade- j quale provision in this respect has been i ni.u.c, and the.- ' lienetii ent laws could | piMitabiy be adopt.<l by tin states Jess I fortunate. The legislature may well give careful | ■ ‘Hi-:d. ration to this important function I e-t financial corporation.-. It is irin .he trust ccaiji.'inx is comparatively a new- i ion;. r. Tin- first of such institutions I begin His... .’s in tin i r.it>’.l Stet r but > more han flfty y< ars ago The j v-e '.rd of that half century is however, of ’!'• the whole, an honoralil.. one. and I th- ■ xtenf of its sirvices in tin- manage- : bi' n "f i rofierty is but imperl'e tl. .n ib-: stood by those most requiring its sin.-- ■ ■lai facilities. I f am fit rnly of opinion, ther« ft re. tliat I tb.i’ growing value of such companies in I Hie q.-ii.'.l work to which 1 have ai -Iml. i should be made known to that class ; win .■ w, m; v justly hope js bi-ci.mjiig- I mimi rl. ally greater, to whom the problem i of tile proper nieHim- m- n: r.iui >itim.i:•• dlspu'ilii.n of tlieir p-epeny nr s.-uts it- I s.-ls as tae peculiar i>robl"-n of tin* rfeli ' ‘ Other Papers. I’. Kauffman, vi. >• president of the ! fidelity Trust f’ornptny, of Tacoma. ' Mash,, read a paper on trust companies ‘ In the northwest. Clark Williams, of New Yolk, road > ' brief paper < n the business of trust com- ; panies of Great-r New York, and the | necessity for cash reserves. The lepos- I its of the forf;.-nin t . trust eonipunies ng- i g: * ga tod $741.060,000. Breckinridge Jones, -irsi vi— president ' of th- Mc< . !p..i V.,11... Trust Com- : puny, of St Lorn’.- was -1<- p-d liairman "■ th- .-■■■■tion, and the following were j mittee: This aft.-rnoon the California Bunk r-.s Association and th,- Savings Bank s.-etion of the general eonteuti-m wire ‘ Many Important Papers Read. r.u- Savings Bank Association met this .i• t.-’-1 ;<> ?u at the Acad, mv of Science ' .iiny Myton 'I il--;i. k. of Cb nd. who is president of tae section w.is unable to atl<t:d. C. B. Latimer. : tetarv of th. Savings Bank of New I-’il.. presided. Secret iry Hanhart re- ■ ' ■ ‘-.I a i-a!anee ol $090.50 and a mi-rn- ■ : -hip of fifty-eight, or abou: one-half i of ;he savings iianks of the country. Tin- - ■-' papt-i- rea.i was written hv Colonel ‘ Ch l ie- E. Sprague, presi 1- nt oi th. ' I .on Dime savings bank of New York entitled "Bond A -inf ' "Savings I’.a.'ik Advertising" was the subject of a pajitr by Lucius Teter, cashier of the • I'hi. ago savings bank He urged various forms of dignified advertising to jnere.ise i iness and Iv-ld that some species were 1 n ■•■■'.-ary to maintain i:ea t'nful life. He nih'-id newspaper advertising, advoeat- ' '"T •I. *■• b-.-i’o.' of journals whicii cir iH’ske-l most .itnciig th? masses. As to Corporation;'. S o J.’r-i-ii iseo. O-toli-r 21. -The m tual - Planless of tin- tWi nty-nhit li annual con- i vention of the Aim-rican It ink.-'.-' A-so- , oi.'iioii bi'gu i this morning when the dele- , gates ti.-semblf’d in tl: - California thi-at.-r, will it wa“ ( ...>nifoi ta!>lj llllod. Thy theater and stage wen- hundsome k decorates with Howers. .'.ergi'-i-iis and ferns Bresidint ''ardw.-ll Hardy. in .ailing the convention 'o od'-r, -aid in ■ "The .»npr<■< ■ nt>-.I prosperity of the i past fev.' years, brought us last fall to a ; climax of high prii.-s i--r commo.lit:.--, and -ccuritie.'. The same sunshine which brings t ■ its full frultioi'. our rich harvests : a’s.. lusters the tarns. So, amon-g the l siibstautial edili. es ,-.f our prosperity, hnv- | ing sprung n. artifieiul commercial strne t'uie . whi.'li have fail. i. signally, t-> stand tin- t*-st ol lime. <.* v.-r-sang a in. ■ people. . ■ Hu. ; n.>! a >!j not over scrupulous, had ; oi.on capitalizing and recapitalizing > sciiemes of all kinds: and indu ing peo- i pie. with paper pr Tits, to underwrite flo- , rations which they were unable to carry ! .The b >om had gone too fa", the natural i reaction set in, ami a general hoiis" clean ing begun where it was most needed, in ! the weeding out of over-capitalization and , inflated securities If there is any class ; o' men more than others who should j never ake gi>ei illative risks, it is: those , who ,-i'e howl-ling the ■ irnings and s>iv- I ings r,r others, and the seeking of de- : Jiisit: at high rates of interest, which ■ can only be eirned by speculative Invest ments:. is a menace to sound banking. Saving depositors sliouni carefully shun s'icli institutions, of which there :ir< . how ev- r. Icij.' ilv but few. Gn the subje- t of , ■ npor.atlons. he said: ! "In the formation oi our great indus- 1 trial corporations, we h-.y.. been con- • 'rented with new am! strange conditions ; Eliminating those of a fraudulent char ic- j ter. nearly 'ill of them have loon subje-t I to criticism tn the matter of capitalization | and the w.-ak point with all o' them has | been the failure to provide .< reasonable | working capital. “There has been a greater creation of ' se< urities i.i til. -’onsoli'lation of many ■ of our railroads thin actual ' alues. ap- : par.-ntly, justify, hut the con. entrat!on o; management uij control has brought i about a stability of rates, which has - thofr 1 legitimate seenrftie-•. without hard hinr to th. patrons of tl,.- roads "A word on publicity, as it relates to al! publie corporations. Some eiitj.jsm ‘ recently has boon m.-id • of tb- publication : of tin-- we.'kly New York bank stat.-ment 1 1 use (He incident merely to point a moral. The fnm and method of making , this .-l af l'ment has been, more or les', a | TBJB WEEKLY OONtfriTUTIOKi ATLANTA- ©A.. MONDAY OCTOBEB 2C>, 1903. ■ ZZZZZ7- - I | IM I's I- J I,® V B mEA® 3 W Pi’sieci' We Farm and Teach us h Love and live in the £ieat ‘‘out-of-doors.’’ We make firearms for Wk every purpose suitable for boy or nun, from $2.50 to $150.00. We recommend Especially j Send for Our Frea Book u EB Our Rifles ™ Ki tte.* rj> j «„ H of 128 pages, which tells about the igi StCVSilS"fir?3yn3rdj Jr. S 3 -‘ Stevens” gives Pictures and prices, t»0 iip.nn!/ Ciinl Contains interesting articles on Hunt- U.SCK rJIKH s*» ing. Canoeing, Target Shooting, etc. ® W “Favorite,” Mo. 17 $6 D 11779 F a c^cvcr Puzzle will ■ U&fcl»a- b c mailed postpaid foi 4c. If your dealer won’t supply you in stamps. It is lots of fun—“easy —send to us. V/e will sell to when you know how’’—but ev you by mail, express paid. eryone can’t solve it. Can you ? l g«l«l 93 1 I ' subject of dismission for some time past. | If the form and method of publication i is nut as accurate as it should be, make ■ it what it should be, but do not suppress it. Bank statements in genera! convey fuliir and intelligent information as to the status of the b tiks. and if the same publicity from otln r publl. corporations could be required, a most important serv ice would be render, d tile piiidi. " Following tiie roll call, Eugene E. Schmitz, mayor of San Francisco, made mi address extending a In art/ welcome to the distinguished visitors, and he was ■ followed by Governor George I’iirdec j Another address of v.i‘b .in" was made ibf lames D. I‘iielan, on behalf of the I Sen Francis, a bv’iker:-. I ITi-sident. Hardy imide a brief response I to the iiiis: iges of good will and hos- I j itnlity, .'.nd ili'-H the m- ‘ting settled | down to the work fur wliii 1 ' it had as | s> moled. ; Secretary Bra*, b read bi report, and | teas follow. .1 by George F. Orde, the treasurer. Memberships of Assoc : a.tion. ■ S. . rotary Jti' in -h showed that the paid j membership is 7.605, villi apiiual dues . amounting •. $76,518 During the past year, 303 members were 10-i through ■ failures air! v. lthdi a wal. lei' to offs-1 this ' loss. 1.139 nioiiib. , w-r. pi i>.e.| ..n the I roll. I E I’ Swi:i"."y ■ h.iit'iuan of tie- • x-eii- I ti\. committee, in pr s.-ntlirg the report jof the coiim il, said hat thg main item I of expense of til' m-s"via tio:i ari-'-s from i the work of the protection committee in I pr, renting and declining crim., and this ! ♦•xpense u x ! - i-'p* incouu'. The coni i mittee advocated an increase of dues. ! i;t'.i 'uatc-.t ... ording < • .■apiuilization. Th. man m ei'eating a guar.inty ass"- iati'ai, ' wbi h would lUeiqde banks and em i p.vyecs. and which w.mid ri-i: ibtirs.- m.;m- i i, ers ;!1 ; .,sv-: o-. m-ring tiirougn dis-, i honestt was not favored bv the executive i council. \ r..-elation favoring a m nn\ o-d-f I system for banks was approved. i "nA address by 1.. I’. Hjllx r cashier .) Itl.' Xui-ri ■■• in naiiomil mmk. a .aiteon. | <e'mm'l I’m rig bar i.m.ani'S.'- "I Uta day s session. His rabjem was "Motley ' i J.-rs iif Bankers’ Associat i".". lie pointed out that t'-H- moroiv ' , / ji '/jm-- am mnteTto' $1,700,000, :.,.a i dv.. ' l t..d aetam by the .issoeiation p s<: fee .feme ", th- busim.>s of this popular method. He said Hu govi rnrn.nt „ mid not i ■ I eompeiitb 'a !•> tim -'auk . but he'd that until the mm v rd rs is .-ned bv banks emtld be mi. .v-. .rnvwhi m I little mm-.—, w am be made. Paper of Mr. Ridgely- a '..’.o'- 22 —The second S'... u Fr.tneiseo, i) day’s - si n of the " " k j- s V-- .. nation was laic in a semblmg to a... in -Sidi nt Hardy e led tl semblage to order ami B< v. G.'-org. ■ .•Mams, ot the .First ■•ongregauonai church, offered a ; prayer. After-discussion of mil: r matters came ' |hl . p . ipel . O1 Hu,. William B kidg- i; , comptroller of me curre’.ic;.. lns t ... i-n . t being "Tim t.'urrem y. Mr. Kidgely said in part: "During the years M v- re m uv> am prosperous busimss winch we nave mmi ■ since th- country began to rec v. r mm the depression following the pome ol trier.- has been a very marked ini; i">i" men 1 m the fundamental e in.iition ot I o ir : eoplc and tl.. am-Hint of both eapit;:! and wealth they have pro need and • ■ - 1. This is cs:.m-i.ilL trill among 1 ■■ dig ar d pro Im ing e.m-ses, V Ito hate nd i paid ott a vast am ■ int ot debt. >ut tve t . •intaht’l! money a M p:-qu m •" " I ; kinds to a greater extent than ey.r oc , tor". There lias been a great iiicieas*- i.i ■ the volume of money in eircuMtion among th" pi orii- ami there is more money in the baa.i.'- to their cie ill Since 1896. there has be.-u a gr. iter im-rrnm-.- in t lie amount ol money tn circulation than during any oiliei like period and about 80 per cent of this fm.-ci ise has been in g"ld. We are i continuing to add about eight.' millions ’ a year to our gold in eireiilation and i about oue'-balf ot all the currency in eir ilatii ti is gold. I mr prhspei ity in bust m--:-. has b.-en l-as.'l on tie very best foundation, it h>s been the result of the most legitimate taii-' S. and 1”! c-'S. ami all this.- are not "My still in operation, ■ bin give every ■:vldence of continuance. I "As is always the case, however, in sm It times, this movement of aetlvity has been accompanied by it large amount of i spi "illation, not only in stocks, bonds and : se nritL s, but in many other lines, and . credits havt become more and more ex i panded. in stock speculation and proino , tion especially we hay.- gone too fast, ! with the inevitable result of a serious collapse, ana such a decline in prices that peo|,M are m coming alarmed anil begin ' ning'to ask if tins may not end the whole mocment of prosperity. 'lids causes ! doubt ami in<-r>-:ising hesitation in bust : nes circles. There Is al 'o a demand tor I iirmni'ial and I'tirrent y legislation, or gov [ er omental aid ir. meeting the situation ’ as it exists at the present time. While . these important questions ar,- all more or ; less ■ oai’c ted and interwoven, the busi ness situation is not io any very great extent due to currency or financial < mses, and ft is not to !■ gis’ation we should look for permanent relief. If we ii-id a belli r, and especially a more elas- I lie, currency system, we might have been spared from some disturb.-inc-s. if the ?* c ‘ nulue value ' *£' r u m t I o u with 30 pic •»• of these gncds. S-ll nt 10 of J. each. Wh-i -<>••'. f mk us the 5 ' CO and wo will send a High Grade Talking Siu chine CREE, 20 inch*?* lunjr. Cara either Vic tor or ( nlunihia Bccords. 7 b»r* I* < " ■ •■■ -about this. V\ < wri f«>r> fell ■> I OO to anyone who send? $3.00 and can prove wc do not .•rnd a Talking Machine ootnplet- with 2-3 point.. including a Coon Kong-. No < ir£ft for bcxhig. ptcLh;;, etc. i’ r<*prod■.'•■ v sonf't, speeches, band mas!>-. etc. *■ loud and clear a« a f 50.00 nia i chine and eau b- used at a’) entertainment - uni concerts, in any •ire hall or room. The base in piano finished,with concert sound box, and 14 inch metal AmpUfvibK Horn. This machine is open for i Inspection lit our ofiteet. b» nd your order at cnee to | b-.u ueueuy Vo.. btpt. a C, aW v» arreu dt , how York surplus revenues of the government had not beep taken out of general circulation, there might not be so much fear of a tight money mark' t. But, on the other hand, if there has- not been the most ab solute confidence in the soundness of our currency, tiie disturbances in the mar kets for securities of the past two years ■ would prorrably hate spread very much i farther and doubtless ended in a serious ; crisis with severe industrial and cornrner -1 ei.il dejiression. Changes Suggested. ] "We i-.hould make such a change In the i collection and disbursement of tiie na | tional revenues as will prevent the wlth- I di n wal of vast sum-: of money from busl- I ms.s just when most needed There is I nothing so sacred about government ; I ui;.is that they should not be handled , through the banks like other peoples funds so they would produce the least possible derangement of business. If any ■i ili gnat corporations should handle • ■'.> ids ar the it.'usury of the l.’nited I States does and luck up such a vast j sum of .ash in its own vaults, legislation i would immediately be demanded to stop j it. We should at one.- pass such legisla t tion as is needed to have the treasury i -ton it and let money n;,d business alone ias much as possibli. The less the gov i rnnn-nt lias to do with business and husimss with the government, the better for both. "1 am a. thorough believer tn currency and agree with those who wish to see th. greenbacks retired, the silver with drawn down to the point which it is praetieally subsidiary col.ia.ge or cur reney. leaving nothing in circulation but - gold, as coin or certificates, and a real ■ bank note circulation try gold reserves i with .-'ii'li regulations for c-sue and re i demption that it would b- a. matter of . indifference to the banks whether their ' cr.-dtis remained wVh thf ’ as deposits ’or were circulating as not. This is the only true solution of our mney mai ; i’-rs. and I hope to sen it .me day ac .■■ umplislied. This, how* ve' Is a thing 1 which can only be gradu....y done, and , has little or no practieal •' .ring on the ' present business situation. We have an ; other very different system in force, and I it is with’ it we have to meet and cope i with our ;.resent problems. It has two ■ cere gre.it advantages Out people are i used to it. and have had no experience with any other Only the veterans tn 1 business remember anything different. Its : great advantage is. however, its absolute ■ sa set v and scundlu-ss. ! "This Is no time for any feeling or d’-s --: mission between different sections of the i country, classes of people, or lines of I trade as to who Is most to blame or who | can stand it best Wo are all face to face i with tiie situation and equally interested, i it is -io time tor passion or excitement, i panic or fear, but for quiet, calm eon ; :-ub i ation. x-onrape and firm action based ; on good judgment and conservatism. Con , sidering all the , ircumstanees and the pace at which business has been going ! for ilie past few years, it is not so sur p: in, that ther, has been -nteh a. de- ' cline in tiie prices of securities, but I rti'lii-r that the country has stood ft all . i v. ,-.’. -mil that ther.- has b> en no panic, i so little trouble with the banks and so 1 few failures. Theri could be no clearer I 11. :: -- - ■ s're. t i'ui of the inherent strength of I our onditions and of the absolute eonfl ' denoe In our currency and government ‘ finances. , "Beginning with th- stock panic in j M i'-. 1901. there have been repeated .ttnl i tremendous slumps in th" prices of stocks land securities, colkip: aiM failures in ■ i lilroad and industrial syndicates, com i bli'.itloi .' and underwriting, anv one of , which, leid our situati"). Ix-eti less strong. 1 weuld have produced a bud panic and a idi ,-istrious ommerefal depression. That ' wo have stood it all so well is the best I possible ground tor the belief that it need ; go po further and that there is no reason i for its reaching into general business and I producing any gnat depression. Our Great Trade. I "During ili" last ten years the balance j i.f trn.ie in favor of the I'uited States ' has amounted to over three and three .ni irter billions of dollars. For the sin- I jle year 1901 that w.a $679,000 000 AI- ■ i'bough the alarmists complain of a eon- I -Id' ruble falling off for tl-., y ear 1902, it \\a> still almost one-half a billion dol- ' kirs, or about twice as much as it h e! ; I ver been in any year of our history pre* vines to 1898 The ...rgreg.-ite wealth 'f i the country l:.is increased fully 50 p' t ' J. at since 1890. Wo .ire producing and i adding to our slock of g -d ev.-ry year : about $80,000,000, and almost an equal ■ quantity of silver The annual valit” of i our l:irm product-' steadily increases and i for the year 1903 It will be al least $5,- i 000.000,000. The deposits of all brinks In i tie I’nited States have increased since j 1895 from $4,900,000,000 to $9,525,000 - OCO almost double. The deposits of all j inks in the state of T-xas for this same period have increased from $35,000,000 to over $80,000,000, about 228 per cent. In the slate of lowa th" increase has been from $78,000,000 to s2l 1.000 000, over 270 per cent; in Kansas it has been from $35,000,000 to $84,000,000. or 250 per cent; in Nebraska from $35,000,000 to SB4 000.000. or 228 p-r cent; In California from $200,000,000 to $406,000,000. or 203 per cent. In Oklahoma and Indian Tirritory, where, in 1895, the total de posits were considerably under $2,000,- 000. there are over $27,000,000 on de dosit in the banks. The aggregate de j posits in all the banks in the states west of the Mississippi river have iner.-ased from $701,000,000 in 1895 to $1,700,000.- 000 in 1903. or 242 per cent. The three states of Minnesota, lowa and Missouri have more bank deposits now than all the states west of the Mississippi had in 1890, and the states of Washington. Oregon and California havi $40.000 000 more bank deposits than all the other states west of the .Mississippi had in the year 1890. ’’ Roberts on Currency. San Francisco, October 23.—The clos ing day of the American Bankers’ Asso ciation convention commenced with pray e • by the Rev. Bradford Leavitt, after which the call of states was resumed and statements of natural advantages and fhiaueial and agricultural prosperity wer« recited by the delegates from their re spective sections. J. B. Finley, president of the Fifth national bank, of Pittsburg, road a pa per on the “Education of Bank Clerks." and ho was followed by Hon. Ellis H. 1 Roberts, treasurer of the United States. I who delivered an address on T'ne Ef fects of the Inflow of Gold." Mr. Roberts said in part: i "Our currency rests aasoltilcly s °bd on its roek bottom of gold. Some gho-..- seeing .Macbeth may discern wend sis ters on tiie blasted heath, casting t.ieii incantations together, with the re.iam. " ‘Double, double, toil and trouble. Fire burn and cauldron bubble. Ho may dread the rush of United states notes for rodem'ition. may suspect that s< me secretary of the treasury will use silver for official payments, may ttemble -it the hazard of wild .egislation. He ’ forgets that $260,000,000 of the Unit'.- i | States notes are of denominations of $lO j and below. How cun the" lie gather 'd 'h. anv large volume? 'l’lie silver lollars are scattered everywhere, while the sil ver certificates are ail but 527.000.000 tin SIOs and below. 'i ho people med all small notes and clamor for more. They are beyond reach by’ any secretary tot large payments. The power <0 congress is vast, but it. cannot, climb Niagara, nor '■ in it overcome the majistic force of this ye.low flood of $80,06".COO a year "Some critics complain that gold is not a eheap curi' iiey. That is true, anil it. is its merit; it is sectile beyond doubt. : Cheap etirr -ney may be devised, if that is wanted, but it will hav" all the qualities : of cheatme.ss; it will be weak, unstable, : dubious. Gold is worth all it costs. It i goes masterfully everywhere. It stands ' sure and steadfast itself, and all allied i to it takes on its strength ami power. I Our yellow meta! passes in Si. Petersburg ' and Pekin, in Hongkong and Tnklo. and i the United States note and silver certili cate march with it. in equal favor. The I American peapie were urxi-d to make Hat ' money, because it was cheap, and to coin i silver at 16 to I. because it was cheap. I They rose above the temptation and de clared not once but twice ami always that they want not cheap money, but the best in the world. And they have it. and the annual inflow of $80,000,000 as sures it to them ami rewards their wis- I dom. I "Possible peril lies on another side. Our j circulation is undergoing an immense i and cotflTnuOus Inflation. In five years, the f money in eireiilation in this country has i rim up from $1,816,516,392 to $2,404,- i 617,069. an increase of $588,020,677 The I strength is that of this growth, $358.- ■ 604.872 has been in gold, coin ami certitl- ■ at's, att annual addition in that form |of nearly $72,000,000 We are to confront I a furtln r increase in our criculation, of i which gvld will constitute mu far from ‘ $80,000,000 a year. That precious metal, ! including the certificates standing for it, is now 42.27 of the total, and its share I advances steadily ! "Since October I, 1898. the circulation j for each person in the United States has i r in up from $24.24 to $29 75 and the part ’ of gold ;n it from $8.78 to $12.57. While ' nowhere else are checks and drafts and like InFruments used t . the t-.i'ne extent as with us. no other country has so much money ""i' capita In circulation save France, which claims $39.22, where checks arc much less used than In-re. I Great Brit tin has $18.29. arid G"rn\ ay I $20.-18; Canada. $14.30, Russia has only ! $6.50. Differing from note- of national ; banks, gold is money of final reserve Bid redemption, and the credit built upon it is higher and broader, so that, the po tential inflation may be earried furtln- Vast Increase of Business. With due allowance then for con | trary influences, how far and in what i direction is the vast inflow of the yellow : metal carrying us'.’ Tin blind m y . - ■ that in the past live years business has : been expanded in some direction!- in an ; unpaialli-'led degree. I'teillt has naturai- ly been multiples? at least to four rimes the amount of cash added to our supply The exploitation of gigantic industrial corjiorations ran on at a dangerous Sliced, fort anately to exhaust itself by it.-: own e.’M.-s.si-s. Promotion of stocks and bonds is not industry; it is specu lation. and that finds help and Impetus in inflation. tn that way tie.- inflow of gold has magnified If not wholly caused ! tl:.- frenzy and excesses in industrial se | eurities Those who have climbed too I high into the realm of credit must come ■ down, and here the descent, unlike .hat ; to Avernus. is no: smooth and ph-:.-ant. | The promoter who has failed to distimute his stocks and bonds may Ik punished, and those who have petted his senemes may suffer. But a shrinking of Inflated securities to their true value is not a public calamity. Individuals may be crippled, industry and enterprise may have to rest on their oars. Our financial I system cannot totter. much less be ! wrecked. Undue favors may have been shown by- nl< promoters, but j thej at" correcting their blunders and l looking out for more healthful business. - "Prices of commodities have uiMoubt ' ediy been borne upward by the inflation. By index numbers th- advance of all i commodities has been from $76,808 to . $97.39!. or twenty-one points. On full ; examination the Employers' Association I of '.’iiieugo finds that th. ; - cost of living in ! this country has increased 15 per ''erit ■in live years Carroll D. Wright head : of the bureau of labor, with all the data ; of the anthracite coal commission, de- I i lares the advance to be from 15 to 17 j per cent. These figures may be accepted I as authoritative. "Advance in wages follows increase in I cost of living. In recent yi i rs it has : come fast : nd strong. L.a’-gi-ly railway ; companies and other corporations liave milled 15 per . -in at n < p m v i-.j-s paid, to rn-'i-t the recognized advance in I cost of UTing. T’ne drift had been down- Drunkards : Dured jteersfly Free Package of the Only Successful Cure Known for Drunkenness Sent to AH Who Sent! »Came and Address. BniwTviwrw A tl i *l'oy ery, oclo l * tastelesß, which ,-j ,o ’’ ks tbe ' '■■“'ik"M i# : wiedp-u or prf.- . V.. j" 111: , 5t..'..1 i p.m nmln J x Tins. JKKKV Bl R>sll»E. dretu-fM L'r. J W. Hain -s, 104 9 ' 'incinnati, (>., mid hv will luailri ni- li vr rhe remedy 1 reo to show how it is used in tea, C-f Tee or b'od. . > •• s , Hm ■ . Burnf'ide Fay?’ “With G* l<l«»n S;■•> ci; • l cured tn? h U'l.aud ot tirii'kiHtf. 1 ir it int '«, is H’.’ee an ial ■ CUi’-t he eculd.u’t dnnk liquor or bear b«j around where it was.” I -: . I = ’ - - -==== — = . J irwtfl L-.T-TT]-.; .., f-7 WTO BOMS >’ f kZT g£7 faSMSM 1 J |r%&B®a & Breakfast, It WJ^y^^^sa»w^»aesaf-s<^,l ; 1 Dinner or Tea Set 1 ;E| EKUiffisazssasas isusara oksob» h/A'A I B CIACiA P al<l <o a,,y Peraow who can prove we A? kWA ; -<X At |3 «& IVW <lo not mean what wc say—A chance of a Ew'/ E/-i S ra lifetime. An honest proposition—No humbugging. Nobeating about E» (“‘J KLk U U Ka the bush. We willgiveawayiooo beautifully decorated Breakfast* Jliv’ ’' V' ? A -3 Dinner or TTea Sets. Each set 56 pieces. Latest design full . V > ' ; * ffl Size for family use—to quickly introduce Carbolettes, the greatest <V> l' : .1 '1 || Remedy on Earth to regulate the Bowels, Stimulate the Ap- -f I I VV 3 petite, and beautify the Complexion. A good set of dishes '<•’ ■ • *>v , .' w ; U costs S2O or S3O. Don’t waste money. We will make you a present of a complete etfi niece f U\ M O set, beautifully decorated in Pale Blue, Brown Green or Pink, exactly as we claim o' forfei? our ' 1 ! p| money. Takeadvantage of tuis it you want to get ahandsome setof dishes absolutely free. fl H iff This is ali we ask you to do * /\\ / ! | ILj Send us your P. O. and Express Office address and agree to sell only ra Boxes of Cirbolettrc f / I fl W at 25 CtS, a box. We will send them at once. They sell like hot cakes. When sold / Jf If send us only s oofourmoney until vou receive // ’M f ' 'i | tile dishes. No two ways about us. We talk straight from the shoulder and wears /’ t \ I 'i I I bound to introduce our Remedy, no matter what it costs. When we say we will vivX ' ,«* H j 1 away these magnificent setSOfdislieS wevvilldc it. This isagre.doppo’i'tumty. , ft. Ramember our Dishes are beautifully decorated and are packed, boxad and shippad Free of Charoe ? ta ' J ikffla NMdFMTmar WFH,T KPT. MIR,«| Park Place, N. Y. City |Ja '■'WTIIMPH of ART and sciencf. ! New Standard Dictionary i of the English Language i BEW -OR.C.HAL - lOOMI. - eXL.ABUI-COMPS.HHXU.VE /Definitions concise and clear; i’ronunciation carefully marked, ' ? key on every page ; Ir-egular Plurals and Verb-forms { ? spelled out; scientific / S Etymology; Synonyms /with cross references; j Words requiring initials J indicated. Special Dic- tionaries ' ,f ' -r”»? 'S'' biiildintr, R«les in Orthography, ftAf'?«:•>•• tY 'jr Metric System, Proofreading. > 7iß Paee«. eize6xß tnchce. IX Inch thick. 2H Pounds. Over 900 Illustrations. 30 Full-page Plates < Hand Composition. Large Clear Print. Both Editions Thumb-Indexed. | School and Office Edition, pebbled cloth, sprinkled edges, I Li fe’ r^ r si.soj ffs&.-ptii'r " ,s ": $2.50 f ENDORSED BY EDUCATORS AND THE PRESS > Webster’s New Standard Dictionary i« of convenient, size end more desirable than the unabridged ' S everyday ÜBG.—E. W. (’AVINS. Tllhiolf Univemity. ) I have a copv of vour New .Standard Dictionary. It shonb. haw a aTirP - S and offloos, and I heartily commend it.-MARK L DeMOTTE, Pfgv Law school, lolp. ) rai»o. Ind. . ... cu.,, r S It is a splendid book convenient in size, easy of reference, reliable, and moderate in pi ice. 100 \ Journal. ) WEBSTER'S NEW STANDARD DICTIONARY IS OUR DICTIONARY; ) M-Wai THE NAME IS OURS--IT STANDS FOR ITSELF, WITHOUT A PEfcR / For sale everywhere, or sent postpaid on receipt of price, by jIAiRD £ LEE, Publishers, 263-265 Wabash Avenue, CHICAGO ward in wages from 1893 to 1898, since it lias been steadily upward. In many car-s it Ims exceeded file rise m cost of living. Tiie general average may snieiy be stated .it from fif'ecn to twenty per cent. Persons with fixed incomes are i burdem-d with the heavier cost <.f living ! without any offset, as they have the I bi nefit of a fall in prices of commodities, l when that occurs. "No one van deny that the golden in i flow contributes to the currency a share ! growing more rapidly than the total (ir .'llla I i'i:i. ail .It parilj-; that it lifts yr., rs' i anil wages, incites activity in industry and j trade, and pu.-ln.-s enterprise forward, I while it also tempts to undue inflation of I ■ >:iin, riMM and stock jobbing credit. i "How do these influences bear upon Our I world relations? First of ail, our sur i passing wealth in gold has placed our I national credit or. a plane above that of i all other countries, and never before held I by that of any government. British eon- I sols bearing 2U per cent interest, long ; tin' foremost type of credit, have recently 1 sold below 37. while consols of the United I States bearing only 2 per > ent range from j 108 to HO, and the loan of 1925 com mand.: 136. This American republic alone among nations always in time of peace r.-duc'-s its debt, and after a war makes rapid payment of tiie cost. Only un c-ridb'il folly, not. conceivable, can shake I this solid structure. "Obviously, the supremacy of our na tional credit adds to tin- strength of the I republic in l omnii ri'ial credit, general l este. m and international influence lit all I the world. We fear no evil from ex- I ports of gold tor we can well spare more ■ than Europe ean pay for in Amor 1 - an obligations, in m -t'cliandise or in any form | of securities ’ ! Free until January Ist. 1904, The ■ Weekly Constitution and Sunny i South. See particulars on page 9. : UNCLE SAM GETS TIIE SHIPS. I He Takes Charge of the Chattanooga, Nicholson and O’Brien. Elizabethport. N. J . October 22.--The cruiser Chattanooga and torpedo boats Nicholson and O’Brien, which are un- 1 der construction at the Crescent ship I y.trds, today were towed by government ! tugs to the Brooklyn navy yard, where I th> work on them will be finl|>ie>i. A j big government lighter carried away j every piece of government property be- ■ longing to the cruiser and the gunboats. N‘ ither the sheriff nor any of his depu i ties were present and no remonstrance j was iriadi against the removal of the ves | seis. The cruiser and the two torpedo i boats were replevlni-d by the United j States government !’•• mi the control of ■ the sheriff of Union county, who has ■ V..-bl the Chattanooga on a libel for $lO.- < 000 on a claim made by Babcock & Wll- ■ ex, who supplied the boilers for the I cruiser, * BANK ROBBERS ARE CAPTURED : Bloody Trail Led Posse to Hiding- Place of Bandits. | Burrton Kans., October 24.—After a ) determined chase and bloody battle, the | bandits who robbed the batik hero have ! been captured on an aland in the l Arkansas river, 15 miles from Burrton, I and lodged in the Newton jail. The men I give their names as .Tames Bell, George ■ Olsen, E. H Johnson, Thomas White ! and Frank Harwood. I Johnson is badly wounded. They do -1 dare they were never in Burrton, but ■W. Ti. Daly, a merchant of Burrton, i Identified them. The alleged bandits bad only $lB in their possession when search- : ! ed. Search is now being made for th ’ I money which is supposed tn i.a'e be.ji .’ I buried. i 'rida.y in tin- Ixit 11< i h- tw * *-n .■ " ’ I of the pursuers and three ot the robbers. • i Harry West mascot t. who was carrying a > .shotgun, tired at the fugitives and. in addition t<* wounding one. kno.-k.-d a ' - • i volver with his hands. About fifteen citi , zi-ns then formed .it this point, and fol ■ lowing a trail oi blood across a plowed ■ I field, finally locat'd tin- robbers on a : ■ wooded island in the Arkansas river ■ | A party of thirty armed men. led y : ! fi,,. assistant cashier of tiie bank, E. B I J Shive, then pro.-, .-.led to wade across. ■ i while the "-st of the pursuers covcre-1 th" i island with guns and revolvers. Seeing; cthi- odds against them, the mec waved a, • i white handkerchief and crawled from the ■ ' s-and pit-; they had dug and surrendered. 1 TRIAL IN STRICT PRIVACY LeCroy. Charged with Criminal As t satilf, Faces Anniston Court. 1 , Anniston, Ala-. October 24. (Special.} ■ I'-or the firs: time tn th* history of Cal . I In.an county, possibly, a strictly private i : trial is being held before Judge Colemin ■ ; in the city court. ! i The trial is that of James LeCroy. . barged with criminal assault. ’ ! Judge Coleman announced that after j I the selection of the jury the court room > ‘ would bo cleared of all persons except i the jury, lawyers and court officials. Stole Money and Vanished. ; San Francisco, October 24. John 1 • Brown, for thirteen years cashier o; the 5 j Union bank, of Now Holland, Ohio, is r I under arrest here on a charge of embez- , zlement. He di.saupearqd from th. bank • August 3. last, und upon invi-atigation j I his accounts it was found he was $lO3 - ' 000 short in his c.-ml: Hi- was suits- - ’ I quently indicted tip-oi f-uii ■ I'argos of I otiv .-mbez-1' mf-til ar- b :as bi 1 n ma'ie I for him until he was finally located here ’ ‘ and arreted I Brown first went to New Holland from ■ i <Cincinnati ’ l - - He stood i I high in society and business circles, was 1 t >'east< rer of * It-- IV!a ot: i. - Templ.* Assi.- , ‘ ■ "' ' ' < a member of several prominent organiza t tions. clerk Tt) m-hnifl board and of I the denn.i r-'itie exi.-."itivc committee and . a member of the church choir. The Negroes’ Value. (From The Dallas. Tex., News.) | if a Texan goes to any of the old I southern states and endeavors to hire ne groes to come to this state to piek cor ; ton he runs a risk of being injured, if I not killed. Several years ago railroad agi'nts who were endeavoring to got no- ! ero labor in one of the states mention'd i to come to Texas, were driven out mid 'r | threats of death if they romainod. The i fact is that as long as the cotton crop I is- raised in th" south as it is raised - ! that is, in great fields and in great 1 iju intities—the negro is of that value iili.it he will not bo deported. lEiw S 1 wish every person fn i UUllfcU t!v ' ’ ' -uff. ring with W BS&O&7 j.pjj j.. psv or FH . tf> sA ., ( for one of my large-sized bottles 16 full oz ) C* P fV ET and if it do. s all that is Maim- 1 * for it, the patient can then con- tinue the treatment which is not expcnsl-,.-. Or. F. E. GRANT, Bept. us Kansas City, Me.