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About Ashland tidings. (Ashland, Or.) 1876-1919 | View Entire Issue (Sept. 16, 1912)
PAGE SIX ASHLAND TIDINGS k Monday, September 16. 1912. PANICS ARE NEEDLESS Member of Monetary Commission Says lr"Miit System Is Unsound IIomtv ei Not Effective. Detroit. The national convention of the American Bankers' Associa tion, which began here today, brought to Detroit between two and ihree thousand delegates from vari ous parts of the United States, its territories and Canada. I heard After the convention had several addresses of welcome at the , opening session, it listened to an ad- iress on "Banking and Currency form," by Robert V . Bonynge or expenses are built on the beef type Denver, member of the National j ancj the rest of the herd Is a mix Monetary Commission, who declared iture 0f forms. The man milks these that the banking and currency sys-!,.ows twice a day, seven days in the tern of the nation was essentially un-! week, and yet has never thought Found. The problem, he said, was es- . enough to notice what shape of body, sentially one of economics and busi- form of udder, depth of hips or arch liess. "The defects in the existing sys tem," he continued, "that must be remedied, no matter which party is charged with the responsibility of framing the legislation, are: Our unscientific treatment of bank re serves, the rigidity of our entire cred it system and the lack or co-opera-i tion between our independent banks, Scattered Reserves Ineffective. "Our present reserve system re stricts the lending power of banks at times when reserves should be freely used and credit liberally ex tended to solvent business men and thereby intensifies if it -does not act ually produce panics. Our scattered Teserves are wholly Ineffective for use in emergencies. Our hank notes lo not fluctuate in response to busi ness needs. Even the commercial pa par held by the banks is not a truly liquid asset with us. Each separate bank in times of stress is concerned only in strengthening its reserves. The sole method available for that purpose is the calling of loans. The portion of the reserves held in the vaults of our thousands of indepen- .lent banks is for all practical mir- poses a dead asset. Indeed, rigidty ! stamps itself upon our entire credit' organization "We have only local banks. They furnish banking facilities to their own communities. They are indis pensable. But it must be obvious that these strictly local institutions cannot look after or provide for the general credit conditions of the coun try at large. Units Must He IndeixMident. "As it was found necessary to or ganize the federal government to guard our national interests and to legislate on those subjects affecting us as a nation, so we must have no me national federation of banks for national finance purposes. The Independence of the units must be absolutely . preserved. The powers Kiven to the federation o( the banks must be strictly limited to those that are national in character. The form of organization must be such as to insure its operation in tne interests , or and as a support to an legitimate business and must be wholly free I from sectional, political or selfish j financial control. "When thus organized it must be I empowered to act as custodian for . V. ll. 1 . f - A 1 ' . ' the reserves of the banks, to redis count their short-time commercial pa per, to provide a safe and sound hank not currency that will automatically ndjust itself to the constant, changes in business requirements, to act as the government's fiscal agent and to represent ns in all national and all international financial affairs. "Experience proves that a currency Issued by a government or by a government-owned institution always lacks the essential efement of elas ticity. Its amount is determined by the government's needs and fixed by statutory provisions which cannot ue speedily altered to meet changing conditions. The government issues money, and may and should In the Interest of the public regulate the agency or agencies which may, in ac cordance with certain general princi ples that it establishes, issue credit redeemable in lawful money. It is for these reasons that the issuance of bank note currency should be in trusted to the federation of banks, under regulations to be prescribed by statute and strict government super vision through its own officers. Panics Would Cease. "With a co-operative federation of our banks established, having the necessary powers to protect our gen eral credit conditions, banking pan ics and money stringencies would no longer plague us. Each independent bank would know that it could safely extend at some price such assistance as might be required to any solvent business man, because it would know that If the occasion arose It could re discount the commercial paper of its solvent customer at a branch of the federation of banks. We would have a safe custodian for the reserves of the banks. They would be mobll- ized and could be put to effective use whenever needed. "A plan to accomplish these pur poses has been before the country for nearly a year. It Is contained In the unanimous report made to congress by the National Monetary Commission recommending the es tablishment of the National Reserve Association. A solution for it must be found. Shall we say that we are unequal to the task? Shall it be aid that this powerful nation alone of all the nations of the earth is un able to devise a banking system suit ed to its needs?" Turkish lU-forms May Avert War. London. Owing to the program of reform which the porte proposes to grant to Macedonia and other Christian provinces, Ipsh fear of war in the Balkans is felt in Constantino ple, according to a despatch to the DrV Mail here. While these reforms do not amount to autonomy, the dispatch states that assurances have been giv en by the Turkish government that a constitution granting equal treat ment to all nationalities will be put into execution. THK MAX HEHIXD THE COW. If Successful. He Will Always He a Man Who Thinks. A man to make money la dairying must be a man who thinks. It is astonishing how many men are keep ing dairying cows instead of the cows keeping them, because the men do not think. It is a common thing to see a man with a herd of 10 or 15 i cows where two or three are heavy milkers and some are so beefy that they do not give enough milk to pay for f lie labor nf milk-in'' and niar- ketinir the products The heavy . profitable milkers have the distinct Re-(dairy type; the cows that do not pay of flank the cows have that pay best and of those that yield least. The money-making dairyman thinks out in winter the plans for planting that will give him the crops that will produce the largest yield of milk and butter fat when fed the next winter, He studies each cow iu his herd and notices the shape of every part of her body and compares the difference in form in their rela tion to the milk yield. He not only finds what' -forms indicate a profit able cow, but why. A man to make money in dairying must be a good feeder. He must give ample feed and of a kind that will produce much milk. Generous men often give plenty of feed, but of the kind that fattens. Some men lose all the profits by keeping 10 cows on the feed that would make five yield we'll. The most money is made where each cow is watched and fed individually, to force her to do her best. A thinking dairyman finds a cow whose feed is forcing her to give so much milk that she is becom ing weak. He changes the ration to make it more fattening. The cow beside her may be getting too fleshy under the generous feeding. Some fattening material is cut out of her ration and a milk-forcing feed put in its place. Much money can be made by catering in this way to the indi vidual needs of each cow. It does not cost money or time, but does re quire persistent watchfulness and good judgment. The money-making dairyman learns to know cows their likes and dislikes, their needs and what is hurtful to them. A cow that gives a large yield is always notional and has many petty whims about the way she wants her feed arranged, and the manner in which she wants her milk er to treat her. An increase in yield is often secured by humoring these whims. The health of the cow must be considered. A few years ago a dairyman came to me to find out what was the matter. His cows were of the best dairy type, they had good care and plenty of feed, yet the cows i uwd lint vlpblintr U'ell And wpi'fl nil out of condition. His ration had sufficient milk-nrnducinir material in it to produce a heavy yield, but every 0ne of the feeds used was con- stipating. Thn man-who makes monev fro cow loves them. He makes a pet of every cow and thereby increases his bank account. He furnishes shelter in winter and shade in summer; he provides water and salt and does everything in his power to make the cows comfortable and contented. Exchange. Commercializing Chivalry Correspondence. Out of In this utilitarian and speedy age the redundancies of commercial in tercourse are fast losing their tradi tional standing. The necessities of the times call for short cuts to given destination. Time is the es sence of the contract more than ever and when competition keeps us keyed to the limit, every moment saved is a moment gained. Answering the' demand for brevity and less red tape, the army, for in stance, generally last to adopt inno vations, has dropped all excess bag gage from its correspondence. "Re spectfully" has been courtmartialed and sent to the guard house, and so have "I have the honor," "Respect fully referred," and some others Even "Sir" has been tabooed, and when a letter Is written it is notable for the absence of that polite and time-honored salutation. In clos- Ing. the correspondent refrains from adding that he has the "honor o being," and merely signs his name. In a busy Institution like the army these cuts and reductions in letter- writing are expected to prove great saving of time for the officer and clerks, as well as in the amount of extra paper hitherto consumed by the use of superfluous words Chivalry is being commercialized out of its old place, but in the race for success this is Inevitable Private business will come to it presently. Then alack for a day that has no room for the amenities What a machine this world will be when all sentiment is gone! Hiislnesslike. In a certain town In Nebraska lives a man who has been bo unfortunate as to lose three wives who were bur led side by side. For a long time the economical Nebraskan deliberated as to whether he Bhould erect a separate headstone for each, commemorating her virtues, but the expense deterred him. Finally a happy solution of the difficulty presented itself. He had the Christian name of each engraved on a small stone "Mary," "Elizabeth," "Matilda" a hand cut on each stone pointing to a large stone in the center of the lot, and under each hand the words: "For epitaph see large stone." "Plain People." "Why do you object to women In politics?" "Because," replied the statesman, "1 put my faith In the plain people, and no woman will consent to be classified as plain." Maurice E. McLoughlin, New National Tennis Champion fiV--': "' M ' i $ r - mm WW! MteUVz-L i x. Photo by American Press Association. A" tevc! ' y JlX o .v',' . . .' .-.V. '.,. t'l j. ,w . y i ' . y f Vr2 r P l M ERICA'S new lawn tennis champion, Maurice E. McLoughlln. whose victory over Wallace F. Johnson In the final round of the all comers' singles at Newport was the seusatiou of the tournnment, ' is only twentv-two years old. Thouch he now hails from California, he is a Nevndiin by liirth. lie has been playing tennis since he was thirteen years old. and he is the first champion since place in one season in doubles and singles. McLoughlin Is bve feet ten and oneiulf Inches tall and weighs 1H5 pouuds. The strongest features of bis play are his sweeping attack at the net, bis bard hitting and his splendid control of the ball. He is also possessed t of a phenomenal reach. He at tributes his speedy action to the fact that, like most Callfornian players, he has developed his game on asphalt courts, which are quicker than the dirt courts in common use in the east. NEARLY NINE HILLIOX TONS. Coal Chart Issued Hy United States Shows Enormous Production. In 1814 the total amount of coal produced In the United States was 22 short tons, all of it anthracite; the next year 50 short tons were mined; the next year, 75 short tons; and in 1819 the total quantity mined was 3a 0 short tons. There was a remarkable increase, however, in 1820, when 3,450 short tons were mined, and two years later the quan tlty was 58,583 short tons, due to the entrance of Virginia in the field, with an output of 54,000 short tons of bituminous coal. From that time coal mining increased with leaps and bounds, so that at the close of the first 50 years of the Industry the output was 23,605,123 short tons. This figure, however, will be consid ered remarkably small when it is noted that the output of the mines of the United States in 1900 was 269,684,027 short tons. The largest annual output so far recorded was that for 1910, which was 501,596, 37 8 short tons. In 1911 the total amount of coal produced was 496, 221,168 short tons. Tne anthracite coal Industry has increased from 22 short tons In 1814 to 90,464,067 short tons in 1911, the largest quan tity yet recorded. The total amount of anthracite coal produced since 1814 is 2,270,798,737 short tons. The total amount of bituminous coal produced by American mines since the beginning of the industry is 6,468,773,690 short tons, and the total production of both anthracite and bituminous coal is 8,739,572,427 short tons. These figures are quot ed from a chart just Issued by the United States Geological Survey showing the production of coal in the United States from 1814, the date of the earliest record, to the close of 1911. The chart also shows the pro duction of each state for each year during that period. Ask Her Parole. Believing that Hazel Irwin, con victed of the murder of Ray Wallace and now awaiting sentence for her crime, should have a chance for re generation and promising to provide influences and surroundings that will make for that regeneration, a num ber of prominent women of Portland are engaged in arousing sympathy that probably will result in a wide spread petition for her release on pa role. Star Laundry and French Dry Cleaning Company. Phone 64. s v. ' Beats C. Wright in 1U05 to win first OKLAHOMA'S SPECIAL TRAIN. Will Tour Northwest With Two Car - loads of Exhibits. Oklahoma City, Okla. The Okla homa delegation and exhibit for the International Dry-Farming Congress at Lethbridge, Alta., will leave this city September 28 over the "Katy" road on a special train which will be one of the most palatial equipments ever sent out of the southwest. The train has been routed via Kansas City ove.r the Katy, to Denver over I the Santa Fe, to Billings, Mont., over the Burlington,, to Seattle, Wash., over the Great Northern and connec tions, and thence to Lethbridge over the Soo and Canadian Pacific. Re turning the route will be east to Winnipeg, thence south to St. Paul and down the Mississippi valley through St. Louis, making numerous stops. Secretary Marie Woodson of the committee in charge of the arrange ments is preparing the best selected exhibit ever sent out of the state, and is arranging to have two carloads of dry-farmed products sent along with the delegates and shown at all impor tant stops. The exhibits will be gath ered in every county of the state and will comprise grains, grasses, roots and fruit. Last year Oklahoma captured the first prize for wheat at the Dry Farming Congress at Colorado Springs, and came near the top on kafir and milo maize. Instances of bumper production in the more arid counties are more frequent this year, and the committee has hopes of cap turing first prize on several products at the big exposition at Lethbridge next October. Very Ignorant. Shortly before his death the late Chief Justice ' Fuller presided at a church conference. During the pro gress of a heated debate a member arose and began a tirade against uni versities and education, thanking God he had never bon corrupted by con tact with a college. "Do I understand the speaker thanga God for his ignorance?" in terrupted the chief justice. "Well, yes," was the answer, "yoit can put It that way If you want to." "All I have to say, then," said the chief justice in his sweetest musical tone, "is that the member has a good deal to thank God for." Crescent City. Speojal facilities for tourist par ties at the Bay Hotel and annex, Crescent City. Hot and cold water, baths and rooms en suite. 22-tt -JUDGE M EX HY POSITION. 'Wan He Ou My SUle?" Way Gauge MrXamaras. to "There is only one thing to ask concerning a man and concerning his art, and that is "Was he on my side?" Thus Clarence Darrow summed up his opinion of the McNamara broth ers and the deed of which they were found guilty, in his speech upon "In dustrial Conspiracies," given at the Helig Theatre, Portland, under the auspices of the labor organizations of that city. When Will H. Daly of the Central Labor Council was in the midst of his speech of introduction he was drowned out and shouted down by the steadily rising calls for Darrow and. by the increasing thunder of ap plause. From the moment Darrow rose to his feet and began speaking speak- ring in short, epigrammatic sentences for the most part; speaking in a sort of bitter irony; a savage contempt of the existing systems of industry and of government his personality was dominant over the crowd. Ap plause, tears, cries of anger and contempt, he seemed to call forth at will and quell at will. He scoffed at the possibility of setting the world, which he declared woefully out of joint, aright through the ballot. Voting Called Toy of Poor. "Voting is a nice little toy to keep the people satisfied, but that's all it has done. Those who own the can are quite satisfied to let all men vote while they still keep their prop erty." He declared that it is impossible to pass a "really important law" in the United States on account of the sys tem of. government under which we are obliged to act. He declared the government of the United States to be "about the craziest thing that ever originated in the mind of man." "We've built up a machine here i that destroys everyone who attempts ! to do anything with it. Nothing short i of a political revolution as sweeping as the deluge will ever remedy condi ; tlons. "The American workingman is bound and can't escape. Voting can't do it; the courts can't do it. I All admit that things must change, j but you can't change them by a. vote. We have tried voting and that's hard;, and we've tried direct action, land have found that hard, too. "Many condemn the McNamaras; many working people condemn them. It is not for me to condemn one who believes he must resort to force. From the time man first stood up on his hind legs and looked out upon the world he has been fighting, fight ing continually for everything he got. "I hate force. I might have coun seled moderation but don't let any one ever think that the force has been all on our side. The force of starvation and cold and want has al ways been used by those who own the earth, to make the workingman do their will. Here and there some one like the McNamaras and others reach out blindly and meet force Call it blind, call it w'ul 1U,CB mistaken, call it what you will,, but the men who did it never did it lor their own mean, personal ends, but because of the love they had for their fellow-men and the desire they had for their betterment. Change Is Predicted. "Some day the world will under stand that all of these acts were not Individual acts at all, but were part I of a great evolution. They were so- ! cial crimes, ground out of a great macnine, as oiners aim jet uiueio will be ground out, until there comes a change for equity and fairness. "It is ndt for you to judge. Labor must stand for its own men; for its own crimes. There is only one thing to ask concerning a man and his act was he on my side? "No one man is responsible. The earth, the universe is working out a new order of things. The evolution cannot all be peaceful, but the same humanity that came onward and up ward from the brute, will be growing steadily wiser and better, and all will combine in the end to make the world fairer and more just than it was before." The close of Darrow's speech was followed by three cheers from his au herents in the audience, before the adjournment. An effort was made to inaugurate three cheers also for Tvietmoe, the labor leader of San Francisco, indicted in connection with the McNamara cases, but the response was only scattering. DECIDE YOURSELF. The Opportunity is Here, Racked By Ashland Testimony. Don't take our word for it. Don't depend on a stranger's state ment. " Read Ashland endorsement. Read, the statements of Ashland citizens. And decide for yourself. Here is one case of it: M. Powell, 263 Oak street, Ash land, Ore., says: "I suffered a great deal from kidney trouble and back ache and sometimes I could hardly get around. On arising in the morn ing I was stiff and lame and the kid ney secretions annoyed me by their irregularity in passage. As soon as I commenced taking Doan's Kidney Pills I improved and I am now in good health. I still use Doan's Kid ney Pills occasionally, however, but more as a preventive than anything else. I always Insist upon Doan's Kidney Pills for no substitute could be as effective as they." For sale by all dealers. Price 50 cents. Foster-Mllburn Co., Buffalo, New York, sole agents for the United States. Remember the name Doan's and take no other. SUNSET MAGAZINE and Ashland Tidings one year $2.75 to old or new subscribers. Regular price of Sunset Magazine is $1.50 per year. Scale receipts at Tidings .office. JOHNSON ORMARSHALL Possible Deadlock on President Opens Fascinating Field of Political SKHulat ion. Washington, D. C Either Hiram Johnson or Thomas R. Marshall may be the next president of the United States. This is not at all an impossi ble outcome of the present campaign. A good many outcomes are possible. Indeed, there never was a time when the field of political speculation was so fascinating. Here are a few of the theoretical possibilities: 1. Woodrow Wilson may sweep the country by an overwhelming vote. 2. Theodore Roosevelt may sweep the country by an overwhelming vote. 3. A division of the progressives of the country between Roosevelt and Wilson might leave a winning, majority to Taft (extremely unlike ly). 4. No candidate may get a major ity of the votes in the electoral col lege, and the house of representa tives will, under the constitution, have to choose a president, while the senate chooses a vice-president. 5. The house of representatives may be deadlocked and be unable to choose a president. 6. The senate may be compelled to choose between two candidates for' vice-president having the highest votes and the candidate so chosen may thus serve as president. It Js not at all unlikely that the three-sided contest will throw the de cision into the house of representa tives. It is already pretty generally conceded that the race is- to be be tween Wilson and Roosevelt. In all test polls taken Taft is shown as a very poor third. Roosevelt is obvi ously strong in the west. Wilson may be stronger in the east than, Roosevelt. If Roosevelt carries prac tically all states west of the Missis sippi and breaks even with Wilson on the doubtfur states of the middle west, leaving Wilson the solid south, with Taft gathering in some of the old-line republican states like Ver mont, Rhode Island, New Hampshire, Delaware, Utah and possibly New York,' no candidate would have a majority in the electoral college. The total number of votes in the electoral college this year will be 531. A majority will be 266. If Taft carries the above named states, he w ill have 65 votes in the electoral college. Subtract these 65 from the total of 531 and there are left 44C votes to be divided between Wilson and Roosevelt. Half of 466 is 233. Thus if they should evenly divide these votes, neither Roosevelt nor Wilson would have the necessary majority, 266. Thus the election of a president would be thrown into the house of representatives. On the basis of party affiliations as recorded in the official congres sional directory, the house of repre sentatives today stands absolutely deadlocked. The constitution pro vides that in voting for president they must observe the unit rule that is, vote by states. But the rec ords show the states to stand 22 democratic to 22 republican, with the delegations of the other states evenly divided between the parties. Thus, on the basis of state votes, the house is deadlocked. . The constitution provides that the members of the house must choose from among the three candidates having the highest votes in the elec toral college. So the representatives are confinedNin their choice to Roose velt, Wilson or Taft. Assuming that the deadlock remains -unbroken be tween the date of the convening of congress in December and March 4, when Mr. Taft's term expires, the office would be filled by the senate's choice of a vice-president. The constitution provides that in choosing a vice-president the senate shall confine itself to the two candi dates having the highest vote In the electoral college. It Is safe to as sume that this would narrow the choice down to Hiram Johnson and Thomas Marshall, eliminating Mr. Sherman. This choice of vice-president in the senate cannot be easily determined on lines of party affilia tion. The democrats are without a majority in the senate and on the other hand the old-line republicans like Penrose, Gallinger and the rest would not be permitted to vote for Sherman, but make a choice between Hiram Johnson and the democratic candidate, Thomas Marshall. As suming that Johnson would be re garded as a republican, although a progressive and a Bull Mooser, the republicans pins the progressive re publicans could elect, him. It is hardly conceivable than men like Lodge and Penrose could vote for a democrat,-Thomas Marshall. On the other hand, the special privilege sen ators could easily avoid the issue by having enough of their party absent themselves to allow the democrats a majority and thus by indirection ac complish the election of Marshall, ! who might be more satisfactory to big business than Hiram Johnson. If both senate and house should remain deadlocked up to March 4, when Mr. Taft will cease to be presi dent, under the present law, the of fice would be filled ad Interim by the secretary of state, Philander C. Knox, until such' time as a new election could be held. . And So True, Too. Father was walking to Sunday school with little Johnny and en deavoring to improve the time by teaching Johnny the Golden Text, the words of which were "Whatsoever a man soweth, that shall he reap." Johnny repeated it after his father several times and seemed to have mastered the correct wording. As they drew near the Sunday Bchool the father gave Johnny his last rehearsal. "Now, son," he Bald, "let's have the Golden Text once more without any help from me." This is what he got from Johnny: "Whatsoever a man ; sews always rips." Star Laundry and French Dry Cleaning Company. Phone 64. I