Omaha Daily Bee Newspaper, October 3, 1903, Page 8

E—— e T } | FIVE MEN RURT 1N A Ri0T] several shooting scrapes befors, having served terms in the penitentiary at Frank- tort for shooting to kill They ribed the whole trouble at Ox- a Kaufman's Orchestra_will give two Marsbal and Deputy of Oxford, Ohio, Are | ford to their drinking, which not only Both Wonaded caused the disturbance in the saloon, but } X TR | also resisting the officers in the street. Jo- —_ seph Bpivey, when asked today for his A . . N ‘ 3 \earest of kin, replied that Deputy Sherift ltractlo one e wmowy cscwess wos| it i b St | H onns e Fur- y ns in Pictures GHt: o he offic ho broke through the crewd Se is Hangea Several Thmes, but|and cut ';’hn“r()l‘n the Jns!";.lyl;--‘fi[u\'-y was - 2 ls“ the New Amsterdam Eagh Time i Let Down Just |N';‘m\l{ ip last olgit, | PR [%gtures They are beantiful. yeputy Brannon is highly commended for | N S Detore Life Has Be- - kA gy steveating (he lynons nishin s oy are exg‘nialte. They are come Extinot, b Y charming. They are burnt on —_— OF THE OUTLAW | leather and are hand colored S OXFORD, 0., Oot S~Tive men were| STORY OF THE EU"-AW QUEEN Prices are very low. Up from werfously injured and one narrowly escapéd | 4 yoyny Wild Flower, Only Twenty- . ] concer(s Saturday, 2:9_to 6:00 after- | 88 (iysehing sevsral times sa the result Of| oo, With Recerd of Stren amts aints ] Hoon, and 7 to 100 evening___ Bhche (yuied are: sous Outlawry. WH GIVE TRADING STAMPS WITH BVERY PURCHASE IN EVERY DEPARTMENT Pyrography Outfits up from John Woodruff, marshal of Oxford, be- " A & re WE ANTICIPATE OVERWHELMING BUSINESS SATURDAY ALL OVER THE HOUSE., COME EARLY. 9,91 3 i 3 | stevea to bo r'q;‘.uh shot. um?m:;"} :‘\: v.::u "v-m:';;r:?.. :':”:.v.‘:n ?r: Liberty Brand ndy- THIS ADVERT TENT INDICATES GREAT BARGAIN GIVING, AND THE TRADING STAMP PLAN GIVES ?"’?;)i };‘very point igf“‘rml "o g Bt ; . e YOU THE OPPORTUNITY OF FURNISHING AND DECORATING YOUR HOMB WITH THE cHoicEsT anp | teed to give every satisfacti Jacob Manrod, deputy marshal, serfously | ever led a stranger life than has Dora Fox. e 4 2 A 4 S ot 4 1 4 action | i ST C NG ARTICLES THAT ANY HOME OF TASTH COULD POSSESS. shot in the back and shoulder. She is only 23 years old, but for elght years | mixed house paint MOST CHARMING ARTICL POSSESS. or will exchange for another one. We have the largest and most complete stock of every- thing in pyrography supplies to be found west of Chicago. Look over our line, It will pay. Art Department Second Floor. WH WANT YOU TO SEE THE WONDERFUL ELECTRICAL SIGN IN OUR HARNEY STREET WINDOW. IT 18 A TRIUMPH IN ITS WAY., BEST TO SEE IT. ON EXHIBITION SBATURDAY MORNING. Main Floor Bargains in Dry Goods 70 QUALITY BED BLANKETS FOR FORTY-NINE CENTS A PAIR. $L.50 QUALITY BED COMFORTS FOR NINETY-EIGHT CENTS EACH. 100 AND 156 FANCY OUTING FLANNEL FROM 10 TO 11 O'CLOCK—TWO CENT8 A YARD. . $1.00 QUALITY ATHER PILLOWS FOR FORTY-EIGHT CENTS CH. 15C QUALITY KIMONA FLANNELS—ONLY TEN CENTS A YARD. 50C QUALITY PRE LKS—-ONLY TWENTY-FIVE CENTS A YARD. $C QUALITY 6S-INCH DRESS GOODS, VERY HEAVY—ONLY, YARD. # CENTS. BIG TABLE OF 2C AND EMBROIDERIES, ONLY, A YARD, 12% CENTS, BEST QUALITY APRON GINGHAMS—PER YARD, 5 CENTS. { Brnest Jotten, a country school teacher | (his slim, bronze-fa ot Monroe, O., believed to be fatally shot | | in the abdomen. « ; Louls Spivey of Wagonville, Ky., ser- [tously shot in the back apd breast, | Joseph Bpivey, skull fractured by stone, also of Wagonville, Ky. The Spivey brothers were visiting Edward Richardson of Bollingsville, Ind, Jjust @cross the stato line from Oxford. They oame to attend the annual street fair, with a mouth | o girl and features that not even her life fn out- law camps has relleved of thelr beauty, has been the leader of an outlaw band. She had escaped from jail under the eyes of her guards; sie had led her band through a dozen fights with sheriffs; sho | had disguised herself and visited towns where the officers who were after her were resting, and now at last she has been cap- tured after a chase of years, which ex- tended mcross three states and had been participated in by a dozen determined | sheriffs. The story of this remarkable girl told by herself 1a as follows: “My parents dled when I was very little. .. Per gallon. .1980 Half gallon ..ceeviesees.b00, Quarts..coassecsccsss 280 Large Steel Range with 6 8-in. holes, large 3 Trouble Begina in Saloon. The town was filled with strangers when the three men began carousing in a saloon. They pulled their revolvers on the | At the Meat Market nder, who ejected them, and then 18-in. oven, high closet, A Bargain in Petticonts. Fine Fleece Cloth, at $1.% § y procesded to raise more trouble in| TheY left nothing. I had lived all my ife ¥ St % Sidon meccotised sateen, extrn Hoavy . B0, T80 BH Lov.isiisinsios IO or gt e The most tempting meats in town. Prices it 0 on the plaine. I knew horses and cattle, quality, five ruffies, & one Qg W0l Elderdown, at $2.%, $1.90, $1.45, 6 dozen samples of ladies' fancy nste | o0 O U o Rkt I When Marshal Woodruft undertook to|8nd I knew nothing else. Naturally, I 26 O twenty five skirt, At ... 1,19, 8110, 95c, e 80c hose, in lace and plain fancy. Al | POVLVEY 1688 on basia of quality than | 2 . turned to the cattle camps to earn a . Silk Petticonts. o v this season's goods and worth up to f “nywhere, arrest them he was mortally shot. A fu- French Delathe, at §7.%6, # gt gl Mg, 5B BATURDAY SPEC 1 living. That was when I was 14. 1 cooked d 4.95 pair. On sale Satur RDAY SPECIALS | sillade of bullets in the crowded streets fol- . Fine taffeta, colors black, white, light $5.50 and . . day, at, per pair .............. C Jowed the shooting of the marshal. Deputy [ and sometimes I helped the cowboys. A —_— gF fuftien, biack ‘Ang Al e Oriental Silk, at $.50 2.95 Tadioe Untierwody N‘Eh‘ Fresh Dressed Spring lc g y fter this I commenced the life that leading colors, from $6.50 to.. L Y . . & ickens, per pound . [ Marshal Manrod was shot twice when he | Y®ar & i e " diae’ 0 Mol N R 2 p” k the place of his chief. During this | Nas brought me here. I was working on a |l §4, 50 wringer wash bench 33-98 Silk Waists, Lounging Robes—An elegant assort- 5 'W""_'"“ o fdlj welght ‘knlnvd Roast Reef, per pound fc and | ool » B sance in eastern Texss. There Was & Fine grade taffeta, accordeon pleats ment to select from. Come and get underwear, “gray color’, taped neck Shoulder Steak, 4 pounds for. 3 fusillade in the street Ernest Jotten, while ih stretol 1.25 blue, royal biue, pink, gray, red One. and crocheted finish, _“shaped”. | Mutton Chops, 3 pounds for yeturning from his school to his boarding | Pretty hard crowd of boys on the ranch $1.50 curtain stretcher. .. I et ety wortts 0= é 98 Ladies’ Neckwesar. Worth 3 a garment. On Qg [ Mution Roast, per pound.......... - Ihouse, was struck in the abdomen by o |80d &t last I overheard -a conversation F 1d olbth Kk 38 Baturday's Sale . . On_Saturday we make a special sale Baturday, each ........... Tiesh Ribbed Boiling Beet, per pound.... 3 [ atray bullat and 18 now in a critical condi- | Which showed me that three of the men | 'our-fold clothes rack.... 38C | women's Dressing Sacks and of ladies’ neckwear, Including stock K14 Gloves. Home mude Corned Heet,' per pound v on the ranch were Martin, Jack Simmons | S Pade al tt n Kimssuas, liars, collar “topd, foursinsh&nds, o Leiia® 4a gloves, in all th ety TR AL i | | Atter the snooting the three men ran in | 7nd Bert ;;)::3;‘;..“ur;:(:::::m:::": e Y e <420 1 we invite careful inspeotion of eur Wirdsors.”etc.’ Goods worth.up (6 fall shades. Fitted 1o the hand, and | Boned Tiame. '}':" eyl ! fifferent directions, with crowds after each e - stock of monas_and sacks. Our gach, nd L. 25 Farranted, worth $1.3 palr. Three pounds Rendered Lard.. one, and each was hit in the head with |1 Overheard the whole thing. In my ex- BASEMENT. line {8 enormous, we have the , on sale Saturday, at C Saturday, per pair % 1,00 Ralt PorE, Dot SOORS: : iatones by those pursuing them. Louis | Citement I made a little noise and they Bpivey was shot by a citizen. The excite- | discovered me. I was seized and in halt| an hour I was galloping over the range In the direction of the rendezvous with my arms bound behind me. “When we reached the place Simmons told me on account of what I had over- heard I would have to remain a prisoner in the camp or become one of the gang. “Take your choice little girl, he sald. ‘I know you well enough to know that If you take an oath to stand with us you'll do it Itke & man. Don’t do it though, unless you want to. At first it seemed an awful thing for me to do, but I had no other friends, ment was intense when the thres men were finally lodged in jail, after running a mile #rom the scene of the shooting, Edward Richardson was dismissed after it was shown that he had nothing to do with the shooting and was only accom- panying the Spivey brothers, The crowd that had been pursuing the three men in different directions finally concentrated about the jall and battered down the door and took Joseph Spivey out ‘to lynch him. There possibly never was Saturday Specials in Parlor Furniture Friday we place on sale two carloads of Parlor Furniture just re- celved. All are the newest creations of the upholsterer's art, consisting of b, 8 and 2-plece suites, odd Divans, Arm and Reception Chairs, Corner Chalrs, ete. The frames are made from genuine mahogany and imita- tion, highly polished. The coverings are all silk damasks, tapestry and imported velours. You must see them to understand their charm. This sale continues one week. Of many of the choice pleces there are but one of a kind, and we nudge you with the trite saying, “First come, Groceries We save money for you on all grocer- fes and give you the freshest, best and largest selection. Courteous service, quick deliveries. Postal cards FREE. A Pancake Special, 2-1b. package. ...8¢c Hundreds of packages just received. Asparagus, new, 1-lb. can .... .16¢ Millinery | 1iner As we have the name of having the prettiest and most becoming as well as the best assortment of hats to be found anywhere, we now offer for Carnival week some of our bhest numbers at astonishingly low figures. Their equal cannot be found, in quality and price. ®#ugh an experience of anyone in the hands first served.” Baking Powder, 1-2-1b c: bl : MR 3 & i 3 10 8 mob as his. Ho was hauled from place | #,1 SWOT® o bo true to them. ! Fiotiteis 181 b can . I We give FREE the Sperry & Hutchinson Trading %o place with & rope about his neck and| T had not been with the gang two weeks Suites Window Seats A 2-1b gan ... .20¢ twwung up three different times and yet es-| When Wo were surrounded by a posse and Table Syrup, 10-1b. can ... Stamps and in return or the stamps your choice of hun- et ith his life we had to fight our way out. 1 had com- |l Regular price $22—reduced to ...$16.60 | Regular price $3.%—reduced to ....$215 Mince Meat, 8-b. package 250 dreds of beautiful articles for the home. i mitted no crime, but I was pointed out as Regular price $Zi—reduced to......32250 | Regular price $4.00—reduced to 2 o s AR | In their haste the mob did not pinion his - 330 e » Fruit Butters, 5 . Brms or legs and he managed to use them | the most desperate woman on the range. TeBular price S99 redubed to. .. 427 | Regular price $8.50—reduced to Baked an: J”:lr‘ . These are a few of our specialties: 1 roven There were stirring years after that. We Regular price $8—reduced to......$30.00 | Regular price $10—reduced to : o h 3-1b. can ...... t #0 as t it straj latl the first CRU P " Vi v v o, Letme he was humg. At another flme nme|Were in Old Mexico and all through the |l Resular price $3—reduced to.!! 3800 | Rogular price $11.%—reduced to... 1875 Wheat Breakfast Food, 2-1b pkg. AECE TR e e JEREDSIADY, wiCh B MY I SR Sot down s0 he might write a farewall | Southern states. Half of the time posses | @l Regwlar brice 3ib—1educed to..... 8300 | Regular price $13.50—reduced to....$10.00 Good Tomatoes, 3-1b. can..... 10¢ 8 SN T Ly SAS or Ak Fibon A ¢ S to his wife and children and at an- | Were on our trall, but we fooled them time Regular price reduced to......§30.50 | Regular price $i5—reduced to . 2 Green Peas, 2-1b. can med, wol 00 L ceee . Regular price reduced to. ,mA R Mo v A The new boat shape in black velvet, Bther time someons cut the rope. after time. Once we were cornered and 8! i 0 Breakfast Cocon, 1-2-1b, ca 7 OO Betore-the mob finally succeeded in hang- | Bad to fight again. Three of the boys were Divans Corner Chairs B S (O Ly piumes and jet buckles, worth$11.00 ......... e him until he was dead the officers|Captured, but Simmons and I escaped. For Imported Bardines, per can . A black velvet Gainsborough, fancy biack brald on edge, trimmed with bim and rushed him off to the |Years I was compelled to wear men's cloth- Regular m‘r:rn l'!ll‘ F’:z"’“%“{ to....$ 8.75 g-fl:lr :r'lc: ::_—:e?uczfl kzo French Mustard, .bottle ...... . three glossy black ostrich tips, black ribbon and jet 6 25 Regular price reduced to. egular price $8.( uces . el buckl Wi X esssssiensrinianrsnien PR TR “ .. prison, where the mob was held at bay | INS a8 a disguise. After the fight we were Regular price §i9—reduced to. Ragulis prics JH_reduoed’ to, Olives, bottle......... .... e .u'c es, worth $10.00 . #ome time and finally order enough was | Pretty well broken up and I went to work Regular price $2—reduced t Regular price. $12.00—reduced. to White scratch felt hats, trimmed in black velvet, worth for $peeches to be made by wx.|On ® cAttle ranch as & cowboy. omo one |l HeEar price ini—reduced to:!lI 7 | ReRUAT PLCh ST TN Butter F R I R S R s b B ) ¢ ) Planagan, Rev. Dr. Thomas J, Pot- | Fecognized me and I was captured. R DTS T—roauceg $9:: - $182% | Regular price $15.00—reduced to...312.60 utier rrom “le BOSt A nobby hat, in oxford brown and gray, the best seratch feit, bound and and the brother of Marshal Woodruff. ‘They say I am an outlaw. They say I Regular price $27—reduced to ......$22.00 | Regular price $17.00—reduced to...$13.75 trimmed in silk panne velvet, with gold or steel ornaments, the speeches were being delivered | &M & thelf, a leader of train robbers, horse officers spirited the Spivey brothers |thieves and murderers. Well, I don't care the cellar of the jall and then out|&bout that. They say I am cruel. They & coal chute and made good their | 84y I have no womanly instincts. That is with them to the Butler county|® li& I am not cruel, and even though I atHamilton, O., & distance of fifteen [ bave lived my life on the prairie and in hard camps I have a woman's heart.’— Kansas City Journal. RECORD SHOOTING 'ON INDIANA Belleved the O0ld Battleship H Eclipsed All Rivals at Target Practice, 1.29 A Great Dinnerware Sale See our bargains in dinner sets at $9.75, $7.48, $6.88, $5.48, $4.98, §3.88. Many of these sets are worth more than double. Come early for the best values. Finest line of dinnerware in city, prices from $3.88 to $60 Our line of white China for decorating more than trebled in last two weeks. Artists should inspect our new things in this line. worth $3.00, for Dairies Every Day Fresh Country Butter, per Ib.......16¢ Bennett's Capitol Creamery, sweet as a nut cees 2 u25¢ Big line of bulk pickles at low prices. Medium Sour, pint , Be Small, sour, dozen . 8¢ Carpet and Rug Dept.—Third Floor Another large shipment of Ollcloth recelved from an eoverstocked jobber— comprise the finest qualities that regularly sell at 0o, 8c and dc a yard—all Boods well seasoned. To make room for our regular stock we will place these on sale in two lots— Lot No. 1—18c square yard Bring your measurements. A large selection of Bruasels Carpets in all the new colors and deslgns— (), and among these are some excellent hall and stalr patterns—at, per yard O 9C A _ten-wire Brussels Cnr?e(% Dborder to match—noted for durability and for hnldlrfidcolorwp-md- e parlor patterns—with or without boorder— S¢c per yurd .. % 134-yard samples of Brussels, Velvet and Axminster Carpets—ends yflguna—mnka splendid rugs—each 69c¢c ach . $1.28 27x64-inch Jute Wilton Rug—both Lot No. 2—-23c¢ square yard Mob Finally Disperwes. ~mub then finding that it had been ten, dispersed and the village was quiet the latter part of the night. This village with its three large institu- of learning is noted. for its culture id order, but it was the scene over a year of the lynching of Henry Corbin, a Fine Values in Teas Coffees and Spices e Again the record for batt: i o ch Selvidge Smyrna Rug—heavy wool fringe bot o . SLT megro, for the murder of Mrs. Horner and | (W& T KoMt oL Paliery BOACUC | TN to0t Brusseln Hug--woven In one plece—regular $17 valu $1248 e e 25¢ Belgian Prescut glass salts and peppers with sterling silver tops, ea 10 & striking feature of the attempted lynch- J o 9-0x10-6 Brussels Rug—in medallion genters—small Persian design.. $12.0 ‘ MERRUHE PP ot 5 Haviland & Co. 100 plece dinner sets in pink or blue. Steriing $40.00 ing last night was the part taken by the | ©/aims of the officers on the battleship In- $-0x11-3 Velvet Rug—made in Turkish designs and colors . B. I. Japan, Gunpowder, Oolong xlnea | fatharia vale: AR50 . 5 $40. Dnogroes, who protested every time the rope | 3180& be well founded. and English Breakfast .. 38c 4 ek Stock Rugs These are made from remnants of Brussels, Velvets, Axminsters and Wilton Velvet carpets and are marked regardless of the original cost of the carpets. A saving of from ome-third to one-half the r—{‘ular price. We carry a full and cothplete line of the Bissel's Carpet Bweeper. . ‘was slackened and Joseph Spivey was let| It W48 Just & week ago that the battle- @own to say his prayers, write to his wite | “MP Alabama came into port from the lmnd children or for any other purpose of | PAttery practice grounds of Menemsha Rerey. Bight, and it went abroad how that fine White China salts and peppers for hand painting, Just about one-half price, each 10¢. ! Fancy cut water pitchers, ree them to appreciate them, each 98c. Best Redwing Stoneware. 1 gallon jugs or crocks, each, 5. Roasted Santos Coffee Poppy Seed, per pound . Bennett's Caplitol Coffee, finest on Prices, g o i, A R Bome of the negroes raised quite a dis- | turbance while proclaiming that if the man had been a negro he would surely have ‘been lynched in the first place without any- ©one having given heed to his appeals. The “mob was without a leader at any time, but Still it would not have been folled but for the appeals of Woodruft's brother to let Ithe law take its course. Spiveys in Bad Comdition. HAMILTON, O, Oct. 2—The physicians attending the Spivey brothers, two of the five men Injured In the riot at Oxford last evening, report both today in a serious cons Louls, who was shot by citizens that were msalsting the officers, is in such & serious «condition that the physicians cannot probe for the bullets. Joseph Spivey, who may yecover, presented a horrible appearance. ears are torn and his neck is raw and #wollen from the effects of the rope, while his face is aiso disfigured. His most seri- wus injury is a scalp wound which was osused by being hit by a stone. | The Spivey brothers, who are in jail here, fessed today that they had been in Gold Medal At Pan-American Exposition, w OO [\ Unlike Any Others! The full flavor, the deliclous gual- ity, the absolute Purity, of Lew- ney's Breakfast Cocoa distinguish it from all ethers. No “treatment” with alkalies; no adulteration with flour, starch or ground ococoa shells; nothing but the nutritive and digestible product ef the choioest Cocos Beans. Ask Your Dealer for it vessel had again sustained its high reputa- tion in the annual record practice. Saturday the battleship Indlana, last of the fieet to complete its work at the targets, came in from the Bight and on board were many exultant claims that this old veteran ©f the war had eclipsed even the réecord made by the straight shooting gunners of Alabama. And this fine result, it was fur- ther urged, had been accomplished under conditions that were noways favorable. Captain W. H. Emory commands Indlana. He was not on board, but his other officers told of what the ship had done in the prac- tice work just ended. These related how this hird hitting old battleship had estab- lished & new record for guns of the 8-inch type—how one seaman, Treanor, a gun pointer of one of these S-inch guns, had made four straight hits in two minutes and sixteen seconds. These §-inch shells were hurled at a tar- get 1,000 yards distant and whose bull's eye measured only four feet in diameter. Every one of these four shots struck the bull's eye, & degree of accuracy which the officers of the ship maintain has never been ex- celled in any navy. This means a rate of hits of 176 a minute, which is & new stand- ard for this type of gun. It was not alone with its 8-inch, but with all of its guns, that Indiana did fine work, and there was the jubllant assertion that when the final records have been worked out it will be shown that when the old- fashioned type of guns which it carries has been taken into consideration it stands at the head of the navy for all-around ex- cellence. Its final average of nearly four hits & minute for each gun with its 6-inch rifies has yet to be equaled, whereas with each type of heavler pleces it has, accord- ing to its officers, done better work than any ship having guns of the same class. The battleship carries four 13-inch guns in its forward and after turrets, and one of the gun pointers Of these big rifies, Cox- swain Reldel, succeeded In making four straight hits in five minutes and twenty- one seconds, or at the rate of .75 hits & minute. The officers assert that the vessel's score with the six-pounder guns {s equaled by only one other vessel in the navy—the bat- tleship Tlinols. Summing up, they think that Indiana now stands at the head of the navy for all-around excellence in target $2.% and up. FINANCES OF THE NATION Review of Recent Operations of the Seore- tary of the Treasary. $30,000,000 ADDED TO THE CIRCULATION Successful Precaution Measures to Maintain the Financial Equilib- rium of the Country—Bond Calls and Cash Deposit “Holland,” the noted correspondent of the Philadelphla Press, writing from New York concerning the operations of the seo- retary of the treasury, reviews the finan- cial situation as follows: If the secretary of the treasury, Mr, Shaw, were not convinced that there ought to be relleving or at least precautionary | measures in line with those he has so often and courageously taken, it Is presumed that he would not at this time offer to redeem bonds that have still four months to run, and that pay 6 per cent Interest, $20,000,000 in all. The inference is that if there be present or impending stringency—and the expe- rience of yesterday in the securities mar- ket Indicates that there is fear of danger of that kind—then the holders of these bonds will be glad to offer them for re- demption, so that this $20,000,000 may speedily pass Into circulation. There is to be no loss of interest, since SBecretary Shaw knew well enough that comparatively few of these bonds would be offered for redemp- tion If & rebate of the Inlerest were ex- acted But with the rates for money at what they are quoted, and with the demand for it sure to be maintained during the fall, it would apparently be & profit-making practice. By reason of the intimation which re- cently came from Washington that thes target records should not be made public, "ot been published.—New York Herald. w Name for Ples. “This ple is entirely too affectionate,’ complained the Cheerful Idiot. “What's that inquired the puzsied - that scored by the battleship Illfnols has And after some dificulty it was beaten into the head of the distressed maiden that he wanted some of the cramberry ple with the lattice work cover.—Baltimore temptation for the holders of these bonds courage an increase of national bank circu- to accept the secretary's offer and convert them immediately into cash. Offer Is Renmewed. The really important feature of Becre- tary Shaw's announcement of Thuraday is & renewal of the offer made as soon as congress adjourned to refund 3 per cent and 4 per cent bonds into the more valu- able—paradoxical s It may seem—3 per cent bonds These 3 per cent bonds have greater value than the others because they are now practically the sole basis, and must continue to be, of the national bank- ing system. After the adjournment of congress, with- out having adopted the temporary remedial legislation which it was hoped the so-called bill wowld perfect, Becretary Shaw was convinced that the Treasury depart- ment should take immediate steps to en- lation. The premium quoted for the 3 per cent and 4 per cent bonds made them un- avallable, or almost unavatlable, for use as curity for issucs of national bank cur- rency. The secretary, after consultation of an informal character with bankers of New | York, Philadelphia and Chicago, believed that he would be justified in offering to fund 3 per cent and 4 per cent bonds, not in excess of $100,000,000, Into 2 per cent bonds, the actuaries of the Treasury de-, partment so figuring on the rate of ex- change that there would be a temptation to make that exchange, while at the same time It would rot be made to the dis- advantage of the Treasury department. That entalled computations of the delicacy and nicety of those which the dealers In foreign exchange, who are the most skiliful experts, gre compelled to make, Caused Comment Abroad, When the secretary made the announce- ment in March it caused more comment across the ocean than In this country in the offices of so-called financiers. It is| known informally and privately that it was a subject of earnest discussion by the | British government. Here there had been ar more comment, not & little of it re- proachfully, because of the apparently | daring announcement of Becretary Shaw last fall that he would receive, as part| security for mnational bank transactions, | earth, per pound. Remember to Fill your Stamp Book Tomorrow and Get First Ghoice of Premiums Jut glass olive or jelly dishes, ni size, worth double, each, 98c. ury department proposed to float $200,000,000 of 2 per cent bonds at par, the proposition was looked upon with amazement. Nothing lke it ever had been offered by any gov- ernment of the old world. It was regarded as a test of the financial strength of the Amierfcan people, in the sense that there would have been no surprise had the propo- sition falled, and there would certainly be amazement if it were shown that the Amer- ican public was about to absorb so great an ssue as that, and especlally If it were done without disturbance in the financal markets. If it were truly a test, then it must be regarded as most satisfactorily met. 8o far as the public was concerned, there was no knowledge of this magnifi- cent plece of governmental financing while It was under way. Why It Succeeded. It would, however, have been unsuccess- ful, and in fact would have been unthought of, had the banking system of the United Btates not been under the authority of the Treasury department, and even, as one ju- dicfal decision has affirmed, actually a part of the treasury. The secretary of the treasury knew that the customers for these new 2 per cent bonds would be the national banks, | Furthermore there has been a tacit understanding that all government bonds bearing a higher rate of interest might be refunded into 2 per cent bonds, so that ultimately the entire permanent debt of the government would be on a 2 per cent basis, this debt being the ground other than government bonds. In the winter a financler of New York | who was visiting In London learned that | there was astonishment ghere that there | should have been any eriticlsm of Mr. | Shaw for so reading the statute as to find in it authority, in his discretion, to accept other security than government bonds. In this country criticlem was publicly voiced by Jacob Schiff, but aftdr a year's ex- perience in this departure it must be ap- parent to Secretary Shaw that his reading | of the statute has been justified, and that there should be no clogging of the treasury | relations with the national banks because ! of & most technical Interpretation of a statute, or & too rigid adherence to pre- cedents. For it 18 now announced that the secre- tary proposes, at his discretion, to receive what are called colloquially savings banks bonds—that is, bonds which any state in which savings banks have been highly de- veloped permits these banks to hoid as se- curity for government deposits. Not a word of criticlsm worth heeding has been heard ‘with respect to this announcement. Brilliant Goverament Financing. hmm-—mununu-m'mwnmummmnm.m | work upon which, so far as national bank circulation is concerned, the banking sys- tem 18 to stand. Secretary SBhaw's announcement in March reminded the financiers of Europe of the Interest which the {ssue of the first large {loan at 2 per cent had caused. But the later announcement was of a different char- | acter in several respects, one being that | the secretary, In a semi-official way, ex- plained that this was a refunding proposi- tion—somewhat of an emergency charac- | ter—and definitely planned so as to provide the means by which national bank eircula- tion could be increased. Bankers Support Sha: Secretary SBhaw was most ably supported in this proposition by & group of bankers, who could do what the secretary himself could not do. The bankers could, by letter and by personal appeal, urge the holders of 3 per cent and 4 per cent bonds to make the | exchange. These appeals met with speedy | responses, ‘and offerings came to the Treas- ury department very rapidly and in large amounts, so that before spring was ended it was evident that this was to be success- ful financing. Just as the secretary ex. increase of national bank circulation secured by these bonds, and on the last of July $50,000,000 of refunding 2s had been ex- changed for a like amount of 8 and 4 per cent bonds. Bank circulation had been I creased in excess of $30,000,000 by this tran actlon, and it has been spoken of as an ex- ploit unsurpassed in brilliancy of concep- tlon, and In the success which it met. Not Enough Currency. By reason of the enormous drains upon the currency resources of the country, to say nothing of the straining of credit by the demands of those who promoted Industrial combinations and by the rallroads in im- provements and in other colossal way the floating capital of the country has been absorbed. It was discovered in the sum- mer that the increase of national bank clr- culation would not provide all the addi- tional currency neceded, nor did Secretary Shaw, content with that one transaction, re- matn passive. He had, with the facility of financial statesmanship, foreseen possible, if not probable, emergencies in the fall, and ke had a very clear understanding of the unprecedented liquidation in the se- curities market. But not until the end of summer was there knowledge of some of his purpose. Then it was announced that he had some $40,000,00 in cash, which had been recetved for government taxes, and which, in his discretion, was available for deposit in national bank depositories. This money he purposed setting free In this way. Then there happened a most unlooked-for development. Instantly the premium of 2 per cent bonds increased; because it was presumed that there would come a great de- mand from the banks for these honds to secure the proposed deposit of $40,000,000. Banks which had used 2 per cent bonds to secure their own circulation began to surrender circulation, so that they might receive again thelr 2 per cent bonds and market them at a higher premium. There could have been, under the law, no sur- render of circulation in excess of $3,000,000 & month, but the very demand for th bonds might so increase the premium to meke it unprofitable to accept govern- ment deposit with these bonds as security. It has been estimated that the profit on government deposits, say of $100,000 se- cured by 3 per cent bonds at & premium of 106—is §760—s0 that If the premium on these bonds Increases this profit is wiped out. Secretary Shaw's Purpose. Secretary Shaw might offset this by ac- cepting & larger amount of savings banks' securities. Now It is evident that the sec- retary does not rely on that method of off- setting the increase in the premium on the per cent bonds, but that he proposes to fter the opportunity for the increase of cash 1 eral circulation by buying fmme- diately the 5 per cent bonds—approximately $20,000,000 in amount—and next he offers to increase the supply of 2 per cent bonds by refunding operations not to exceed $20,000,- 000, simflar in character to that so success- fully carried on in the spring and early summer, If holders of 3 per cent and 4 per cent bonds up to §20,000,00 can be persuaded to make that exchange, then there will be provided a new supply of 2 per cent bonds sufficient, doubtless, to meet the demands of the banks which desire to receive gov- ernment deposits, If the proposition should fail, that would not impair the judgment of the secretary of the treasury. He will have done his part, and, to speak colloquially, it 1s “up to" the financial community, it there be such financial distress as is alleged, to take ad- vantage of the opportunity he offers %8 the community Storfes About Great Men. As Jonah fell overboard with a loud splash, he encountered the whale, and the following dlalogue took place *Bo this 1s your place of business, is 17" asked Jonah. “Yes, sir," replied the whale. you drop in for a moment?* “Not now, but I may call a little later.” “That'll be too late. I'm just closing up.” ‘Well,"” said Jonah, “I'll just step in long enough to dry my clothes a Mttle and have one round. Will you join me?" “I belleve I'll just take one nip,” sald the whale, suiting the action to the word. The rest is history.—Mllwaukee Sentinel. ““Won't — There Will Be no ke, NEWARK, N. J., Oct of the Pubile Bervice corporation, controls a b 2.—~The employes which system of trolley lines In have voted ent countles, company’'s ment mad ay Orr of the Amal Btreet Railway Employes cent of the votes cast yesterday In Kssex Passalc, Hudson and Union counties wers against’ the proposed strike, he said gar is Cheaper. NEW YORK. Oot. 2—Al grades of re. fined sugar were reduced 10c a hundred pounds :oday. jgamated Amsoclation o Seventy-five pe- -He:irt Diséas;a_ may be cured by strengthenin heart nerves, enriching the bl improving the circulation with Miles' Heart OCure. Safe and sure. Sold on tee. Bend postal book on diseases of the heart -u“:m'm DR MILES MEDICAL CO., Eikhart, Ind, “the and Dr.