The evening world. Newspaper, November 21, 1911, Page 13

rere meen — , t THE EVENING WORLD, ONE GREAT BANK FOR THE COUNTRY ALDRIGH'S PLAN ccniifienanan But Safeguarded Against the Control of Wall Street or Trust. TO FIX NOTE ISSUE. Former Senator Reconstructs System for Bankers Repre- ~ senting $140,000,000,000. |Thomas “entley, No. 40 Withers street. RUNAWAY HITS TROLLEY; THREE MEN ARE HURT. Driver and ” Helpers Injured and Passengers on Car Badly Shaken Up. Three men were painfully hurt and a score or more passengers on a Lorimer street car shaken up early to-d a dirt track collided with th Skillman avenue and Lorime Bast New York. truck {s owned by J. B, McMahon, @ South Brooklyn contractor, who is doing work for the Bureau of High- ways. John Cullen of No. 121 Sanford street, was driving through Metropol- Itan avenue when the clang of a trolley | wong frightened the horses. On the tail end of the truck were George K of No. 1070 Metropolitan avenue The horses raf four blocks to Skitiman avenue, where the truck hit the Lorimer street. car a The car was loaded with ngers for the Green- point ferry, many being thrown to the floor. The Impact threw Cullen, the driver, And the two men on the rear end, to the street. Cullen was bruised so he had to be taken to the Eastern District Hospital. The other two were treated by the ambulance surgeon, The run- away horses were caught a block away ——< a ——— 840,000 for Huaba Death, Forty thousand dollars damages awanied by @ jury in Justice B: ‘s part of the Brooklyn Supr purt to-day to Mrs, Sarah C, Terw Niger of . 616 Hancock street, Brook- lyn, In a sult against the Long Ista Railroad for the death of her husband, Terwilliger, who was the tracks at , in an auto- Robert W the car with him, was NEW ORLEANS, La., Nov. 21.—Tho: guardians of fourteen billion American dollats met at the Anthenaeum here to-day, in the thirty-seventh annual convention of the American Bankers’ | Association. Former Senator Nelson W. Aldrich was the chief speaker, giving his plan for preserving a national monetary bal- ance in full detail, though an outline of Nie address had been previously fur- | niehe dto delegates. Mr, Nelson said, in part: “If we can devise for the United States a monetary system which will afford security to bank depositors which Will enable the banks to respond to every legitimate demand fér credit and currency essential for the development of our industries we shall have met the expectations of the public with refer- ence to two important matters and have done much to create and maintain that feeling of confidence in the safety and effectiveness of banking in: utions which is so essential to our uninter- rupted national progress. “There is general agreement that to accomplish these results we must pro- vide @ better reorganization of credit and @ thorough reconstruction of bank- ing systems and methods. WHY OUR PRESENT MONETARY SYSTEM FAILS. “The failures of our monetary sys- tem can be largely attributed: “To our inability to enforce that feotive cooperation of banks which necessary to protect the public inte: as well as their own tn times of stress or crisis; “To the limitations and restrictions imposed by antiquated or obsolete laws with reference to the treatment of re- serves, and “To a defective, inel actentific system of note-tssue. “It 1s proposed to organtge the banks of the country Into local associations and these into district aspoctations, each finctive functions and each with overnment, end’ to organize ations in the National . Jon. The organitation propésed !s not a bank, but a coopera- tive gnion of all the banks of the coun- try, for definite purposes and with very Mmited and clearly defined functions. It is in effect an extension, or evolution, of the clearing house idea to meet the needs and requirements of the entire country. “The plan of organization includes positive provisions. Bvery means ahs been adopted to prevent beyond ques- tion the possibility of its control by any corporation or combination of cor- porations, banks or otherwise, by any individual or combination of individ- uals in Wall Street or elsywhere for selfish or sinister purposes. “The dominating principle is co- operation and not centralization, Wo ‘were satisfied that we could not adopt or adapt to our use an organization like. the central banks of Europe or the @econd bank of the United States.” Among the provisions of the plan tended to remedy defects and cur ing evils outlined by Mr. ‘Aldrich wou! LD CONCENTRATE ALLCASH RESERVES. “9 provide for concentration of the cash reserves of all the banks to be used for the assistan tt of amy, under assured decentralization e of control. Scattered reserves hi been found useless in times of pri sure, Deposit balances in the rese: association are to be counted es leg: reserves. ‘Te authorize count, throug: der their ofa tual dante! to be their reser To ive t0 individual banks th factl- {ties for an increase of their reserve and loaning power which will enable (rene to allay excitement, crpate con- e and prevent panics, by prompt a ent of ail demands and obligations @# presented and at the same thine grant @ liberal line of credit to all de- serving customers in times of uncer- tainty and distrust. “Tq grant the power for further note issue@ to this co-operative association of all the banks—authonity which is now vested in national banks scattered throughout the countrys “TO SUSTAIN CREDIT OF COM- MUNITIES AND THE COUNTRY.” “To give to the reserve association power to protect its own reserves, and association to redis- district branches un- 4 control, commerctal Anite character for indi- used in replenishing thus enable it at all times to perform it» most Important function, that of sustaming the credit of communities snd the country. The dividends of the association to its stockholders are limited to 5 pe nportant and the association, for the privileges granted to it pays f or other taxes, which are eq the excets of its net dividends, It is. estima amount to be paid into t the United States will inc revenues of the Government fifteen millions of dollars a Practically @ lowed indorsed modified by the currency commission, At 10 o'clock the convention, an as- semblage of financial captains, repre- senting 12,276 banking Institutions, was called to order. Prayer was offered vy Most Rey. James H. Blenk. Archbishop of New Orleans "ted loskes by banks through- ving the ut the count ast two yedrs was $1,964 ve to the report of the Stahding Pro- ective Committee. The total number f bankw robbed wag 1,529, The banner Hates for bank robberies are Illinois ind Ollshoms, The ® a ton has a rogues’ gallery conti * 632 portraits of men and women, and un-| | ‘NO Red Tape 0 Str; (BP You may furnish {fff any room com- pletely by paying ONE DOLLAR now and the bal- ance in small weekly paym NO Club Fees “yy NO Extra Ch of Any Kind Accounts opened from $5.00 to $1,000.00 on small weekly especially invited. A Great Sale of Mattresses! |] We were fortunate tn securing from a leading manufacturer of xcellent strictly sanitary Bed ding—an entire surplus stock of e: mattresses—at a figure which enables us to offer them At Less Than Cost of Manufacture | There are 75 Mattresses included in this sale; covered in fancy tickings. Many in 8-4 and full sizes—and a few made in 2 parts. COMBINATION FELT MATTRESSES. MATTRESSES, COTTON MATTRESSES Actually worth from $5.50 tof last, at - choice while they Feather Pillows gig oA Actual $1.. COMPARE PRICES ! PATA i) som ye" 3.49 Large size 20x28 in. —well filled with sanitary odorless feathers; full 3-Ib. Ai weight; coveredin P fancy art ticking. Very special value 25 Values at §9c. Study our advertised values and compare them with those offcred by an ‘urniture or Department store! store, compare our prices with those elsewhere, and convince yourself that other isit our OUR PRICES ARE ALWAYS THE LOWEST! Double Stamps Mornings her reach. uncertainty. Order them by “Whoever struck Such wapdrous lack? Or treasure quite Of all the gold Je worl ean hold ere is the mine for mine Just add hot water, bring to a boil, and serve. Josyru Camppett Company Camden N J Look for the red-and-white label D Single Stamp: DAC After Noon : What woman makes her home happiest? Not the one who ties herself down to needless drudgery; but the one who uses intelligently every modern advantage within Why fuss with soup-making when you can buy Camb, Soups They furnish a tempting variety for every taste; appetizing, wholesome, satisfying. And all without bother or the dozen and tind out how good and how useful they are. 21 kinds 10cacan (eperague Mulligatawny eet Mution Broth Reulllon Ox ‘tail Celery pee Chicken Pepper Pot Chicken Gumbo (Okra) pepnes. cr Clam Rouillon ‘Tomato Clam Chowerr Tomato-Okra Consomm ! Vegetable julienne Vermicelli-Tomato jock Turtle TUESDAY, NOVEMBER ‘4i, sit, foe A Cup of Delicious Lord Calvert Coffee Served Free to Shopper Coffee Booth, Main Floor, R An Extraordinary Rug Sale ew Patterns Not Yet Shown by Another Store in Town Will Be ‘Be Offered at Decided Reductions This Week BIG increase in the price of Axminsters likely to take p'ace soon. Some stores have ad- vanced prices already. We sold out our Alexander Smith Auction Rugs before ie others reccived theirs and are offering new Spring patterns already at prices that ery com best in ition. Make your selections now from this stock, which we believe to be the w York to-day on all popular lines, such as Axminsters, Velvets and Brussels, “9x 12 Foot Rugs The most popular size rugs at big reductions new spring patterns. Better CL STREET S TO R ke $24.98 Royal Axminster Ru these rugs will advance over their regul buy now..!.... $24.98 Colonial Velvet Perfect, ah of $24.98 soon. {$18.98 Sits clad fond Beige § 16,98 tn eg ct > ($13.28 [A 5 tle Ruger agers ne] $15.69 | sna Ruger al gets nov |$11,98 a = spring patterns; at . eo o'cloe! Until One } 8. DELIV |_DRLAVERED ERES, 8 ft. 3x10 ft.6 Rugs taieh wor pees pate et TO LOU 49 Linoleums and Floor Oilcloths. All Popular Lines at Lowest Prices Possible a no ‘Rove or Sage nares. Canale Reduced 4 jet NBs Bo Floor Oilcloths: all Linoleuma, tvo yards wide; | Inlaid Linoleum, two Is; regularly 35¢ jp | Gualhy wert te: Be uare a regular Boe quality, Beare yarbecscesscs 22:¢ | 33C yard Square yard $14.00 Seamless Brussels Ak perfect; new spring patterns 7 ft. 6x9 ft. Bri Barry Ostlere & Shepherd’s “Best in the World” Tapestry Carpets: 0 1! = moe Ruts. Cork & Inlaid Linole eums at These Low Prices a hl o st 65 Sales ler Ree ‘t ras Cork, Linoleum, 2 0c Cork Linoleums, 4 $1.65 Inlaid Linoleums, 2 yards Velvet Carpets: all wool: pire $0.00 Female, omeale Ree sl eel BB OR yep vie Seam Be | sey me Sean GHG [olsen S112 esate Zen angie Regine Wednesday, 8.30 ee M.—Fourth Floor—Mall Orders Filled.) Stunning Winter Furniture Worth Buying Guarateed RET ROMANE ED NS 5 Buying good furniture at low prices like these just before Thanksgiving is an investment that will pay big dividends in satisfaction. Coats $Q.75 Satin, at 'Y are the exact duplicates of the $12.50 coats of most stores. Stylishly tailored of fine quality kersey, mixtures and broadcloths, \ in a variety of styles. Trimmed with deep sailor collar of fine velvet, , finished with silk fringe. reget guaranteed satin. Cut 5, y Jace Tone a bg iy $8.7 75 Women’s $15.00 and | $18.00 Coats i] Of fine broadcloth, kersey and double-4aced cloak- ings. Fashioned with handsome large rolling collar and cuffs of contrasting color materials. Also a stun- Lined with 9. vince $55. 50 Dining Room Suite = 336% . carved claw feet, May be pureh oll Buffet $10. 78; Chairs, ‘each ‘1. 39; Table $7.95; Cabinet $9.95 (Investigate Our Liberal Payment) Nottingham & Scotch Lace Curtains —— SS LE Entire Surplus Stock of a “a Large Eastern Mill at 2; 4g to 14 Underprice Crisp, new, clean, perfect curtains and the handsomest lot of designs you ever saw. Every known lace is reproduced in these fine machine-made curtains at a “s re ion of what the hand-made originals would cost, ning model trimmed with rich caracul cloth. Sizes | hg og Meee $12.50 20, 000 Pairs Imported 50c value | $1.25 val. | $1.75 val. | $2.50 val. | $3 values | $6 values Wings,Birds,Etc. Oc G9C Osc $14.98 | $3.98 | $2.98 ‘At less Than 3 Regular Prices Serie tae Shades" (- —"“Reversibie Portieres a Covers, $7.50 Bordered Tapestry Portieres og BE $6.98 Belmont Tapestry Portieres. . ith :18c $7.98 Mercer'zed Brocaded Portieres 5-00 alr, (Sule Wednesday——Fourth Floor—Mall Orders Filled, ) Dinner Sets for Thankséiving— $11.50 100-Piece Sets | $5 Dinner Sets of 100 Pieces Of white and gold porcelain; complete sor- $6. 89 Boing a service for 12 people; including 2 vice for twelve people, Including soup tureen covered dishes and « large Thana Batter 9 Dinner Sets, of wy and large turkey dish special, sot i $2.59 ly $15.08; while 25 78 Initial Dinner sete— composition, deco- ® and gold; each Border ever made by one retail concern. 1,700 dozen all new Imported They were imported to sell at th. For spot cash we bought them, and are om to place them on sale in three great Price Lots as follows: 19c 29c 39c and Trimmed Hat $15.08 A locos: all itis ple pink rose design; Fe nots last, sot Decorated Dinner Sets anidaomie rove spr it a 5 men $4.69 | see. 36-Pleee | Bearared Gh ‘ter ‘Tumblers, 6 Set—Consisting of — 6 Whiskey Glasses, 6 Seltzer Glasses. FOU, ow initial; complete set of orders filled.’ Value $1.15 * Punch Bowls-i2-inch bowl, with mplete with © cups and hooks; valud gg c 8 Wine Glunses Engraved tg order r wlth Water Sets Seven pleces, 6 tumblers In dainty decorations, she ana 49c hings Are Especially In- Values in this lotare up to$3.98:onsaleat cake plate of This Sale. wings birds and other fancies, and nearly 19 98c to $1.25: prices, thissale, at. C the price asked in this sale: all doubld ; 19 values eR Ge to $2 and $2.50, at. C At effects; aloo. beautiful hackle 3 9 (AN Millinery Sold on Main Floor) % vited to Take Advant. At 19c Seven different styles, including fancy coque pompons, beso every style in white, black and a full line of colors. Values range in this lot from At 29c The greatest assortment of fancy wings ever placed on sale at any- thing near six ti wings in a complete assortment of @alors and black or white; Handsome double wings; four © avis; plain eolors and Yancy breasts, with heads all colors; also imita- tion Paradise Birds, very natural looking. Son Bale Wednesday--Fourth Ficor—Mall Orders Fill aera - \ ORDER A jw | Thanksgiving' Groceries Our groceries for Thanksgiving, @8 well as all times, stand the highest in quality and lowest in price. House Furnis = CHELSEA 3700, PEARL COAL|KIT SHEET Smoked Meats ares Galion, O2.781 RANGES — No, 1|STREL HEATING | El a vehsitrel nae 14%c | -— . 72c |. sine, with S-hole| STOVES — The : 13c | PRUNES. mag toni tha da anleee neeken drum, brick lining: shak fancy | Santa regularly sold a and wired $133, 0 tee FAR heavy base; full set recatved tok el trimmed, . .. poATaPORE ; mS fire pot; guaran i pipe, elb ae MWe 30c teed good * 8.98 « baker High shelf, 11k 6} No. cut, 94 R Or "$1.30 Selb,’ can, #1 APPLES n bul mt . GALVAN tern & Cl =F} ht @ Thanksgiv ing Basket ‘Hachedess 1 CONSOMME, for your #0up CKERS Tyeepings 9 Se Iara LEG OF LAM S FANCY P xD) OUT? ROrse Pov Pale OA BTIN Baa with edt DUNG KUM. H 8 LOIN LAY ro t CORNED [None sent ¢ ‘Orders Oo