The Seattle Star Newspaper, June 8, 1909, Page 4

Member of the United Ir De INT GAMBLE industria except New York |e the inky sheets and doliver et this money? does New Yark > keep| reserve equal t loan to merchants and manufacturers an $100 of their deposits. $25 must be held to g to force careful banking But 40 per cent of this cash reserve may be deposited in depository banks or alled “reserve depositories” York is designated as a di York banks bid 2 per cent for these deposits, But being de posited in New York, this money (or 75 per cent of it) can be} So it is that the banks throughout the country are for bidden to loan to local merchant, builder on security that is well known to bank officers, and} yet this same money finds its way to New York, and there fs swallowed up in the Wall-st. game. It goes to Wall-st. because | it must be kept as nearly cash as possible, and so must go on “call loans,” and call loans are principally made on stocks be cause stocks are something that can always be sold in New manufacturer and home Up to a year ago these call loans were principally made to brokers at from 24 to 3 per cent; the bankers making small | margins. The brokers in turn loaned this money to their cli- ents at from 5 to 7 per cent. But within the last year the) banks themselves have been taking this added interest by loan- ing directly to the stock gambler. The deposits of out-of-town banks in New York average about $600,000,000, and as the requirements of the New York national banks are no different from those of any other cit}, three-fourths of this is available for call loans and to gamblers =a So it is that besides its own money, New York from the legitimate business of the country at least to buy chips in the big Wall-st. gamble. * Money is cheap in New York, but only cheap for certain ‘purposes—for purchases of stock on margin. It is through this tremendous out-of-town deposit that the| recent rise in prices of stocks may be accounted for. has been some talk about the “public not being in the market.” Bless your heart, every national bank and every man who has a dollar in a national bank is boosting the stock game, although His money is “buying” in Wall-st. And, once invested in the gamble, the 25 per cent ‘ reserve” is not cash at all; a fact which the panic of 1907 illus- trated to perfection. This isn't an argument for the state insurance of bank deposits, nor for the designating of more cities as depository cities, nor for the reduction in the cash reserve of a bank, nor to have this cash reserve actually cash, but it is just a little statement to show you how you, yourself, are in the stock game, and just whose money is helping to buy the luxuries of the most luxurious city in the world, he may not think so. Mr. Siayden of Tacoma ts dust | worth of acoustics tn the new audi- as sure of being elected speaker of | torium building. the special seasion as he was last | seoms, come high. January, but, of course, it wil) all depend on how the other members After a year of obscurity General Funston pops into the Mmelight with three shots at a desperate | burglar who didn't give his name to Mrs. Eddy declares that she is) pot dead, and Mra. Eddy, if any-| body, should speak with authority on this wubject. Robert Bacon fs going to be the} Georgetown is behaving Ike | next ambassador to France. Now Ouba, with a probability of the fa he, or fa he not, one of “my pol- same ultimate result. According to the Schubert chi | there is now a half million dollars’! ~ “yust wins” whet | & relief that Vancouver ball Pm po beastly absent-minded I've gone an’ ate all de “HKoo-hoot candy without givin’ Johnnie any!” THE STAR—TUESD 4 of elty—t your, #3) mw) 1 month, Bio Week, pom mn ther IGEORGE RUSSELL, ROSTMASTER, | STAR DUST PEDDLED NEWSPAPERS HERE with} M& ALSO SHOT RABBITS ON of THE SITE OF THE ALASKA BUILDING George F. Haapell, Seattle's post: | rushing} master, is another exnewat who | has riven to a position of trust in | this world | In faet George was born In th y | town, rlaht down on the corner of First ay. and Cherry gt. That was eins, | thirtyaix years ago, when thie elt 1) Of Ours wae & mere village, and then thie now buay corner was a vast| } pasture. George used to shoot rat bite where the Alaska building now | jo, and his father's cow roamed over | with | the lot where the Seattle Athlotk Club now stands, at the cerner of} Fourth av, and Oberry at Had Much to Do. Hat George had other thing than chase rabbite and aq in Bright and early every morning * \George waa up and dk su the chores | After awilll h and curry ing the horees he w the taxicab and street car wore nm it ™ | universal use then—to the office of {| the morning paper, where he and | the other carrier in the would then That was be Jextra editions we and even the regular ¢ sold with ae little nolse as it was before the day of t \ oye union, and If one b the street corner of another, the ly court of last resort was the itable physteal encounter, and /Qdorge got a tratming at that time which enables him to inettll reapect for hie physieal prowess, even anto this generation arantee the soundness of the bank ay Within the last few moathe! | George gained a Inrge amount of | @atarcot « SowrRer a oP | We'll be most To the Raitor: ‘Just now, while the people of Seattle are priding themselves on the successful open- ing of the A-Y-P. fair, and to re Heve any undue tensity of pride, it may be weil to say: “We keep a chain gang.” itors to go back home with a blot on their memory, Of course, they expect to find us primitive, but no excuse will be accepted for bar sion to aceept the position offer to all hie friends » his duties many hoon Inutituted that y through the gem ry by the use of a fetit No longer oan loafer finds seant oe THE HAT BY STUART B, BTONE fragile hat from the spick-span box to yt GEORGE F, RUSSELL a ae —= | nodded the of | pitime and coqueted with the Mra, Walters in the mirror artiote the milliners were | ught flashed tito her mind causing her to smile bit theenew hat Prof. Augustus care greatly for ereationa and plumes and heron feathers, It) », but surely he would recog » truo bewuty of thin. “The best preserved specimen of parple ostrich obi ity through bie supe At the last eler w county treas ee offe ree him the A little scrutiny on the part of George dire to the extent of lesa ethird of what the federal wwarts In 1869, Then he cackied aloud and snapped his fingers N MOTHER'S el: Somehow things don't seem just right Or like they ought to be, An’ ‘round about the house tonight It's jonesome aa can be We ait around and think, an’ Joa’ Have pothin’ much to say; 1 don't know why ft ls, unless It's ‘caune she’s gone away The professor biinked up at his|™ | pretty young wife. ” he jte tt * just reading from | His wonderful re/ Macedonia entitle | Schlogelewarta But, Augustus,” persisted Mra. | rakiah purple plume, {dee anything? thing to say to me, dear?” The “Have you bought me the Thesealian vestitules? want me to read to you about} | Schlegelawarts, whose epoch mak Haven't te nome An’ pa be looks mow fit to ery; He says he's got the bias. Rh aint no use for him to try To even read the news, He says bell take a look aroun’ For somethin’ else to do, Next time ma wants to go to town To stay a week oF two, ‘Oh, dear—ob, bother Schlegel. ”" moaned Mra Walters, “| wish all Greece would sink into the All day we kept # lookin’ down Toward the railroad track ‘That carried her away (to town, An’ wishin’ she'd come back. An’ even Rover made a fuss Au’ didn't want to play; He seems as sorry, ‘moat, as Us, ‘Cause she has gone away, It wouldn't be eo hard to keep From thinkin’ somet If she was rockin’ babe to sleep An’ singin’ that old song About a boy whose same was Dick, Whose mother died, an’ how-— Ob, Geo! ft makes me almost sick To think about It now, . We naver seemed to mind it much To hear her laugh or sing, T #'pose ‘twas ‘cause ft all was sack A common sort of thing, We didn't know just what It meant To have her every day Dut things ts awful different wa, racks tag ar WITH A GESTURE OF DESPAIR SHE THREW THE COSTLY HAT UPON THE TABLE, I'll bet “at when she comes back home ful good; We'll stop a-pulltn’ out her comb, An’ carry all the wood We won't auntie her apron strings, But help her every day, So she won't get so sick of things She'll want t go away, I wish I was dead!” }a gesture of despair she flung the ‘costly hat apon the table and, lear. \ing Prof. Auguatus to blink and pursle over the mystery of woman, fled downatalra. ; use was an absent. minded archaeologist for a hus band? Of what account was a@ rintan dream of a hat by the side a broken pillar of old Sparta? If she were white and dead, with arma chopped elbow like Venus dt Milo, ~F. B HALin upon her dreaser and fo 00d solace of tears. ‘| Fifteen minutes roused by a shri? clatter tn street. The babble of many voices sounded through the windows and there were Jeers and loud, shrieking The nolwes came nearer, into outlandiah Mra, Walters arowe and went to the Whee the petty offender is ar. rested, if he exhibita any “ (and what good ts any man with- out It), he ts beaten by the potlee and jatiers until it fs all gone and “Not my will, but thine, Then he is ready for his Thereafter thé path ts down hill all the way tempt for the law and hatred: Of 0 | messengers and policemen had ‘eath: | lored in front of the house, square figure was passing unheed- | later she was ‘This of itwelf will cause our vis | ceptive conditiqn he . pat In a large steel cage (the same as the barium, We keep a “chain gang.” Twenty to fifty unfortunate work God, man and chained | day except when they go on strike | den, but wolfbunger he can feel yet. Tt harta the rest of us. It delays and fnjures all that in us we prize most It quonehes the last spark of manhood In the chained wretch, whose portion was perhaps only one talent to begin with. We should have helped him, so that when his period of confine ment expired he would have come into society again with renewed aud greater strength to battle with his own weaknesses and the temp tations spread out for him. The criminal, great or small, is a moral invalid, a sick man moral ly. Ho neede help, and to beat , him wp and put him in chains to avork under the gase of the public, lenpectally in constant right of our children, is an abominable thing @n anteld fnjury all around. What onn we be thinking off Have we no fh feoting to burt? If the power of darkness should eetabiioh a school to graduate criminals and anarchists, it te dit tingly through the crowd. cireus man keeps hyenas tn, only| head of the figure was the dainty, wretches, made in the likences of | where he can absorb all their de There is nothing else for but erime, and no one to learn from but criminals No kindness or solicitude for his comfort or welfare are shown the prisoner from start to finish may have had some money ane good clothes when taken, variably he ts turned out a pauper, It {8 amall wonder he be under ite arm was another The figure was great, drab book. Prof. Augustus “Why, Augustus!” “What in the world are you doing wearing my new spring hat?” “schlegelewarts,” tending the drab book; epoch-making work on the charac tortaties of Dorie columns. ‘That's what you meant, my dear—I know.” “Put tt fen't my birthday,” pouted Mra. Walters, nearly in tears again “And I don’t want any Greek tomb- stone booke—and why are you; weartog my hat? ‘he professor reached TRADE ed the wonderful purple-pl he murmured, @id I got thi absurd thing?” ling on the streets of Seattle every | |for food. His senses are sod-| she erled out. he bubbled, ex-| funda or friends, keen sense of Injustice, a hatred of noctety, constantly watched by & more or less What ig there to help him He fell in the first instance because he was too weak'to follow | the rulea of soctety, the atrong ones. Let ua do what we can 95 por cent of the people object to having the chain gang, but objections, to be any good, must be active, and not paastve, Our mayor and chief of potloe aould make a winner with the peo ple by changing this relic of the fourteenth century system worthy of Seattle and the twontieth century. Abolish the obaia through the door he sat In the halt. dark hall and began reading about the temple of Janus on page And Mra, Walters, with a bubbling , nestled down tn bis lap, "Tt wan good of you to think It) was my birthday, to a humane | sho whinpered Call and look at our new 0. H, Brown Plumbing, Go vf A_Word From Josh Wise Nell-4 believe there te a law in Peansyivania agalost first Velie Well, my first cousin w jhe the last man in the world for me. I never knew such & woman ve furniture 1a Manayuok ma the fire onid allowed but Clara (after she bad refused him) ~—I never RYe FOU any encourage- rm a intl money Houston Post. Nail 3999 333332 3233099 Silk ate at $12,503 SPLENDID ONCE Phas. IN embracing Many Bathing Suits at $250) reedom and sleeves, with trim Bathing Caps Heavy Linen Torchon Laces Extra Special, 5c and 8 » Insertions and in a quality and erlasting Lace rous pretty pat. On Sale at 5¢ and at The Best- Wearing Cotton Hose 3 Pairs, Boxed, $1.00 are made of the Full-Fashioned est-wearing cotton tn its On sale Special at 35¢ a Pair—Box of 3 Pairs, $1.00 Reductions in Glassware G0c a dozen thin blown Table Tumblers, fine Weeder 26c Colontal Salt and ee ‘Shake rs, with yaa Cline Piano Co AGENTS FOR The World's Best Piano One Priced Piano House. 5 Bichathy faread Se Bitiane 1406 First Avenue The best values, the most convenient and courteous treatment. aMehe Lin pulat 10 oe always go to the nearest of the 3 Bartell Drug Stor It’s the: Out-of-Door | Toilet Soaps T all | |More Than © f xide Factal Cream vi olet Witch Hazel Cream ‘* Renzoln Lotion, Cream, b0¢ jar * Taicum Powder, 7 her's Violet Taloum Lye Ricksec BATH AND NAT Bath Brushos, detachable handles. the kind that you ean feeeh all over with Other Bath Brushe pottle Listed pure drugs and promy marks of You'll appreciate these pointe Datehens Chocolatte—the kind she It! —per 3—Bartell ie Saal No.1—Old Store| No. 2— |No.3—Ne' Corner Ptrat Ay: 606 Second Avenue Near Vesler Way