Bemidji Daily Pioneer Newspaper, November 21, 1913, Page 1

TH ~ VOLUME 11. 177, EXPLAINS RESERVE BANKING PLAN Congressman Bulkley Tells Tavenner \ Advantages of New Legislation —Benefit to The Country $300,000,000 WILL BE TAKEN This Amount Will be Distributed . Throughout The United States 3 In 12 Reserve Districts Tavenncr. 21,—How will regional reserve banking plan Bv Congressman Clyde H. Washington, l\;m'. the bemefit the country, and are its ad- the present banking svstem? Congressman Robert J.Bulk- ley, of Ohio, one of the framers of the Glass currency bill, explained some of the advantages of the new legi¢- lation to me in a way that can be vantages over uzderstood. “In the first place” he said, ‘“‘the distincfion between fixed invest- reents and liquid assets must be kept Corporation stocks and bonds, lands and buildings are fixed investments. Their conversion into cash depends upon finding someone who believes that it will be profit- adle for him to buy them as an in- vestment. Growing crops, goods in process of manufacture or in transit, and mercantile stocks, are liquid as- sets, because their sale does not de- pend on finding a willing investor and does not have to be forced, but comes about naturally in response to the ordinary demand arising from the necessities of mankind. “Under the present law there are three cities, New York, Chicago and St. Louis, known as ‘central reserve cities’, and 47 ‘reserve cities.’ Banks outside of these cities are known as country banks. Under the present law banks in all sections of the coun- try have developed the customs of keeping balances in the central re- serve cities and especially in New York.-Usually they are paid interest at the rate of 2 per cent. But in order to make a profit on the transaction the reserve banks must keep the money actively employed. This, to- gether with the necessity to keep ths investments available at call, has re- sulted in an overdevelopment of New York's call loan market, where the principal business is that of carrying speculative transactions, largely on - the New York Stock Exchange. “The theory advanced is that such loans are liquid. Undoubtedly this is true of a single loan, because it is o payable on call and secured by col- lateral for which there is a’ ready market. But when a sufficient num- ber of these loans are called at the same time, a situation develops in which the loans are not liquid at all, because the very calling of a large number of loans knocks the bottom out of the market and spoils the sale of the collateral. condition. “Reserve money should be invest- ed in bills of short maturity based on liquid assests. Under the terms of the pending legislation, the annual fall sirlngency in ‘money, for instance, would be relieved by the issue of gov- ernment notes through the federal reserve banks. Thesge notes would be secured by the reserve money invest- ef in the active life of our commerce, in the safest and most liquid assets pamely, the agricultural, industrial and commercial paper. “It is estimated that between 250 and 300 millions of dollars will be taken from New York to be distribut- od throughout the United States in the 12 reserve districts. Yet because 5 of the manner in which this money ic held today, only a few men will be hurt by the distribution, but the country at large will be greatly benefited by coming into its own. “With the reserves mobilized, the federal reserve banks are an absolute power to stop panics; they will have the basis of an elastic currency, and the funds to support a broad market for agricultural, industrial and com- wercial paper. In times of emergern- cies money can be shifted from one part o fthe country to another, pro- viding quick relief. The federal re- serve notes must be immediately re- deemable in lawful money on de- od ruand. The security behind our curg rency must be such that it can be readily liqudated without forcing sales and without depending upon the willingness of investors to buy. In other words, the security behind our currency must be liquid: assets not fixed investments.” in mind. A panic tollows this| KKK HKH KKK KKK ! Scene From “Freck]eo" Which * re This Evening, * &i*#*ii**it**#i* “FRECKLES” HERE TONIGHT One of Most Successful Plays Of the Season To Be Staged at Athletic Club Theatre This Evening PLAY IS FULL OF ACTION It is probable that every seat for “Freckles” will have been disposed of when the curtain goes up for the first act this evening. The fact that the play is being staged by the Athletic is one reason for the demand for tic- kets and another is the reputation of the company which will put it on here. Ralph Lycan ,president of the club has arranged extra seats for the pldy this evening, and nearly all of these kave already been taken, only a few choice seats remaining unsold. Those who have read Gene Strat- ton-Porter’s charming story “Frec- kles” and loved the nameless waif for his manly spirit, his light wit, Irish lore, and his beautiful songs; and who reverence “The Swamp Angel” for her beauty and her chaste womanly character, will meet no dis- appointment in the play. “Freckles’” is proving still a great- er success as a play than has the novel, which has been read by over a million people. It must not be understood that “Freckles” is a play essentially with' a love motive, because it is not. There is plenty of action in the working out of its theme of the king that “makes the pulse beat faster.” The play is great in its simplicity and the story is of absorbing interest and an estimable example of the value of doing right against all temptation. Great care has been taken by Manager L. Martin is selecting ar- tists to create the different roles in the dramatization of “Freckles”. The most difficult role to fill was that of “Freckles,” as it not only required jan exceedingly, young handsome ac- tor, but one who possessed an ex- cellent*singing voice as well. At least a hundred different ap- plicants were interviewed before one |was selected. There are very few Scotch artists in America at present disengaged, therefore, it was neces- sary to send to England for actors to interpret the delightful Scotch char- ‘acters. The other parts are portray- {ed by American actors and actresses, all of whom are thoroughly familiar with the types prevalent in great Limberlost region, the local where the story is laid. General admission tickets will be sold for 50 cents. Beltrami Gets Another Edward Miller, who hails from North Dakota, arrived in the ecity a day or two ago, and bought an 80 acre tract of land Southeast of lake Plantaganet. The sale was made by the firm of Reynolds and Winter. Mr. Miller is a practical farmer and farmers in this community will be interested in the progress he makes on soil in this territory. His family is expected in a few days and will make their home in the city for dur- ing the winter. They expect to make improvements and have the farm ready for occupancy in the spring. Tt is this class of men who are fast com- ing into this community and develop- ing good farms. Bemidji and com- munity will welcome Mr. Miller ard family and men who know believe that his coming will result to both the community and his mutual ad- vantage. : Thanksgiving Letter Mailed to Ben- dents of Bemidji Asking For Dona- tion to Care For Sick Poor CLOTHING ALSO ACCEPTABLE As has been the annual custom for the past several years at Thanks- giving time the Sisters of St. An- thony’s hospital have mailed letters to the residents of the city asking for small donations which ‘will aid tham in caring for the sick poor whom they are called upon almost daily to care for. The letter which they are now mailing is a folows: “Thanksgiving Day, being Dona- tion Day for our hospital, we appeal to our friends and benefactors to as- sist us with whatever they can for the.care of the sick poor. We are al- most dally called upon by sick. who are without means and the financial | burden is considerable. Contributions of money, groceries, vegetables, linens, blankets, etc., will be received with much gratitude. Praying, God to bless you, we are, Yours very respectfully, Sisters of St. Anthony’s Hospital Bemidji, Minn. GOOD PRACTICE HELD Two« Hours Spent Preparing For Winter Sport/by Basket Ball Candi- dates in Athletic Club Hall UNIFORMS ARRIVED YESTERDAY Candidates for the Bemidji Ath- letic ‘Club Basket Ball team, fifteen in number, appeared for practice last evening in the club hall and for two solid hours kept the ball in motion. Many of last years candidates repori- ed and show skill that promises to make them contenders for positionson the first team. Julius Bestul, tofiner star on the St. Olof’s college and other fast teams has appeared as a candidate and will undoubtedly make the team. Others who also are mak- ing a good showing are Rem Bell, Ralph Brandon, Glen Peck, Al Neu- mann, Carl Jacobson, Paul Howe, Verne Maloy, Barney Erickson, Lloyd | Tanner and Eddie Ripple, Whether a game can be arranged for next week or not is as yet uncer- tain as very few teams in the north part of the state have organized this season and it is probable that the first game will not be played until December 5. Saturday evening the local candi- as the other basket will be put into position by that time and no time wil be lost in picking the men to play in the first game of the season. The suits which were ordered from O’Leary-Bowser and Company have evening. The firm mentioned suppli- ed the suits to the team at the small- est figure possible and the club will only pay for the cost of making the suits and the express. OATS CROP IS DOUBLED Minnesota’s Total Yield Twice As Great As In 1911—Increase Over 1912 Also Shown STATISTICS FROM ALL COUNTIES Minnesota raised 13,243,000 more bushels of oats this year than last and 68,961,663 more than in 1911, according to statistics compiled by Fred D. Sherman, commissioner of immigration, today. The production for the three years follows: . -Bushels Year. Bushels per acre 1913 ..... ++136,175,663 44.6 1912 ..122,932.000 41.7 1911 67,214,000 22.8 The acreage this: year was 3,053,- 266, or 100,00 more than in 1912. The average crop per acre was the largest for.many years and the pro- duction more than double than that of 1911. Statistics has been compiled from reports from every county in the state. BEMIDJI, MINNESOTA FRIDAY, NOVEMBER 21, 1913 SISTERS ASK _FOR . All) BEM“)J[ T0 HAVE dates will again report for practice | arrived and will be used tomorrow | MODERN GARAGE Charles Jewett Pureh_nes Beltrami Avenue Building of Moberg and Will Completely Remodel it . WORK TO BEGIN IN THE SPRING Forty Foot Addition to Be Built and Shops To Be Provided With | Latest in Mechanics Tools ‘When next spring’s automobile season rolls around Bemidji will be provided with one of the best and most modern garages in the north- west. This is made possible by a deal which ' was " closed yesterday by Charles Jewétt, president of the Nor- thern Automobile company, whereby he becomes the owner of the Beltrami avenue garage formerly owned by John Moberg, thé purchase price be- ing in the neighborhood of $8,000.° Mr. Jewett this morning anounced that it is his intention to remodel the building and to transform it in- to a garage which ithe city of Bemidji migh well feel proud of. A forty foot addition .will be built in the rear, this to be used for the shops, which will be operatéd in connection with the garage. Six Workman _ In this addition six pits will be provided, one for each workman, and each one will be equiped with vice, chain blocks and all other tools, and in this way will be able to take up a repair job and finiish it without the necessary delay caused by lack of ma- terial. “Our aim will be to give the best service possible,” said Mr. Jewett this morning, “We will employ no one but experienced mechanics capable of do- ing all automobile repairing in - the hest possible manner.” o Entirely Remodled “Iffe building a8 it now stands. will] be ‘entirely remodeled, the office will be changed, the poles which are plac- ed throughout the garage will be taken ‘out, the show room enlarged, and the car storage room wil be made larger, this being made possible by the fact that the portion of the build- ing now being used as a shop room will be added to it. A waiting room will be provided (for women, this to be in connection with the show room. There will he a rubber room, store room, sales room prov»idedA B To Keep Supplies Supplies will be constantly kept on hand for all makes of cars, most es- pecizally for cars which are distribut- ed by Mr. Jewett, these being the Ford, Overland and Cadillac. Mr. Jewett has the territory compi-ising Beltrami, Clearwater, Koochiching and the northern part of Hubbard counties. The building will be equipped to in every manner to take care of general garage business, such as vulcanizing, overhaunling and rebuilding. ‘An au- tomobile painting establishment will also be provided. To Have Steam Heat Steam heat will be dnstalled and it is probable that the entire' front of the building will be changed the en- trance being placed at one side. Mr. Jewett is considering building a second story. Work on the remodeling of the garage will begin early in the spring if not during the winter. CLUB ROOM FINISHED - Decorators Complete Work On Be- ; 380 LICENSES TAKEN out EXPECT 300 WILL Two Hundred More Big Game Hunt- ing Permits Than Ever Before Sold In Beltrami County GEORGE ORDERS EXTRA BLOCKS * Two hundred more big game hunt- ing licenses than have ever before been sold during a hunting season in Beltrami county have been disposed of by James L. George and his assist- ants, since the sale began on No- vembe1 7, the total now having réached the 880 mark. % Last year there were over 600 lic- erises sold. Every -day brings' in new applicants for hunting permits, and twice Mr. George has been caused to order ‘extra blocks of licenses. from the state game and fish commission.. When the suggestion was made to the _auditor that a little snow ‘would cause his office to be swamped with those who have not as yet provided themselves with the permits, he said. “We, are praying here in the office that we do not have snow for two weeks, The season closes a week from. next Sunday. Few people imagine how much work there is to issuing these licenses, and when you realize that nearly 900 have been made out, it will be seen that much time has been taken.” JUDGE CLARK TO TRY CASE Insane Patient Believes He is Follow- ed By Electricians*-Wants Aid . Of Governor MAY BE SENT TO FERGUS FALLS Fearing that somé one was follow- ing him and turning electricity on him, F. B. Doran of Eland, wandered into the office of A. A. Andrews yes- terday and asked the assistance of that attorney to obtain the services of the Governor in putuing a stop to the practice. Mr. Andrews - notified the -sheriff. who te6k charge of the apparently insane man and ° lodged him in the county jail. He will be tried ‘before M. A. Clark, judge of probate, this afternoon and it is be- lieved will - be sentenced to Fergus Falls. According to ‘the county officials now in charge of the case, Doran has complained of being followed by someone who persists in keeping a current of electricity turned upon him, Three weeks ago an aunt of Doran’s notified deputy sheriff Ca- hill of the case but stated that he ‘was apparently sane in every other respect but was gradually getting worse. The reasons for his mental trouble is believed to be the result of the death of his father who left a farm to his mother and brothers. The farm was sold against the wishes of Doran who has since that time complained of being followed. The case is considered an exceptionally sad one as Doran appears to be an exceptionally bright man and ds only 30 years of age. Wiith proper care it is'believed that he will be permanent- ly cured. When Doran was searched several battries were found in his hat and coat and concealed in other por- tions of his clothing. BEAR DANCES “THE BEAR” Little Marie and Her Aids Entertain Full House at Brinkman “Little Marie,” The Wurtzer Pipe organ and Cooke and Hamilton caus- ed two packed audiences to crowd in- to the Brinkman last evening. Seven Teddy bears drilled and controlled by Little Marie were the headliners. The animals were cleverly trained midji Athletic Club Hall Cismousk! Brothers have complet- ed decorating the Bemidji Athletic Club rooms which are now ready for the use of the club members.-Other improvements will be made by Louis LaValley who has taken charge of the hall but in the meantime mem- bers of the club will be allowed to make use of the room. Walter and Clemence Cismouski, the two young men who decroated the rooms dis- played their skill in 2 manner which won them credit. A library tablg and four cushioned chairs now comprise the furniture installed in the room. Jack Herbert, Maurice L. Ryan' and James Malone, who were appointed as the decorating committee for this room. will hang pennants and prepare the room during_ the mext week. but not until the largest of the ‘troupe dances the “bear’” did the au- dience seem to appreciate the stunts performed by them. Cooke and Ham- ilton in a singing novelty act were clever. They had several new jokes and the songs were good. WORK PROGRESSING SLOWLY Slow progress is being made on the new concrete and steel bridge which is being built over the Mississippi river at the dutlet of Lake Bemidji. About, one half of an abut- ment and one half of a concrete pier has been completed but as it is neces- sary to build a cofferdam to construct this portion of the structure much time is nmeeded. Eight men are now steadily employed and more rapid progress will be made when the con- crete work has been finished. FOBTY CENTS PER MONTR i ATTEND ROUND-UP Attefida.née' atl )I‘oiltoi'row’l Pm Meeting Will Depend Largely Upon Weather Conditons PROMINENT SPEAKERS.TO TALK Domestic Science Expert Will Lec- tur on “Salads” And Women of Bemidji Invited to Attend W. P. Dyer, superintendent of the Bemidji public schools, and Bueford M. Gile, head of the agricultural de- partment who are in charge of the big round-up farmers meeting which is to be held in' Bemidji tomorrow morning and afternoon today an- nounced that they expect to enter- tain at least 250 farmers and their wives. Weather conditions will have much to do with the attendance, and if nice, accommodations for 300 will be made and if not for 200. * Many Special Features Many special features have been arranged, and the program will in- clude several men of prominence in . connection with agricultural devel- opment of the statd. Prof. A. D. Will- son will address -the farmers, and Prof. ‘A. J. McGuire, head of the Grand Rapids Experimental farm, will talk on “Live stock.” Otto Bergh, former head of the agricultural work in the Bemidji school, but who dur- ing the past two years has been’ an instructor in the Crookston experi- mental farm will tell of Alfalfa. Miss Olson To Lecture One of the chief features of the day will be a lecture on “salads,” which will be given by Miss Olgon, superyis- or of the domestic science department of the Crookston Demonstration farm. Women of Bemidji are invited to attend this lecture and demonstra- tion which will be given in the high school building tomorrow afternoon at 1:30. 5 Miss Helen Hoover, of the domestic sciepce‘ department has practically completed plans for the dinner which wil be served at noon. She will be as- sisted by the girls of the cooking class. The Program" Follows falfa. 10:45 a. m. Prof. A. D. Willson, Selected. 12:00 a. m. Free dinner supervised A by Miss Helen Hoover. 1:00 p. m. High school Glee Clubs Music. 1:10 p.' m. Bueforg M. Gile, “The‘ Feed Unit System” 1:30 p. m. Prof. A. J* McGuire, [Live Stock. 2:30 p. m. Prof..A. D. Willson, Sel- ected. LLOYD JURY DISAGREES Rumored That Twelve Men in Mur- der Case Stood Eleven for Acquittal And One for Conviction TRIAL UP AGAIN DECEMBER 16 One man is believed to have been all that stood between John Lloyd and acquittal, for yesterday after- noon after the jury in the murder case in which he was charged with having killed Daniel Lilly, was dis- charged by Judge Stanton after it had been considering the case for nearly two ‘days, it was rumored that the jury stood eleven for ac- quittal and one for conviction. Lloyd maintained throughout the . trial that the shot which killed Lilly was fired in self defence, and that Lilly was choking him to death. Before leaving Walker last night Judge Stanton announced that the case would be’tride over again on December16. In the mean time Lloyd will re- main locked up in the Cass county jail at Walker where he has been kept since the shooting which took plaee early in September. Lilly was killed following a quarrell in a Cass Lake saloon. Carl Johnson, secremry of the Be- midji Athletic club, has been given charge of the club dues and hereafter all money should be paid to him, and he will issue all paid membership cards. All bills against the club should be presented to him. Club dues are payable December 1. 10:00 a. m. Prof. Otto Bergh, Al """