Gold Hill news., May 11, 1912, Image 2

efaxp ayers’ National Bank of Jackson County
h m i h h i i u h h m h h h
THE
HALL 0 F
FAME-
:
ROBERT FULTON-Inventor J
of the steamboat and father of ,
all at a a m
navigation.
Born Little '
Britain, Pa.,
1708; d i e d
N e w York.
Feb. 24. 1815,
Studied por-
t r a i t and
la n d s c a p e
painting un­
d e r Benja­
min West, but abandoned paint­
ing In 1783 to devote himself to
civil and mechanical engineering.
Removed to Parti In 1784, where
he launched a steamboat on the
river Seine In 1803, but It sank
because of faulty construction.
New boat built with the old ma­
chinery made successful trip on
the Seine later the same year.
Returned to America In 1806 and
built the steamboat Clermont,
which made a successful trip
from New York to Albany on
the Hudson river, starting Aug.
IL 1807. amid the Jeers of the
unbelieving spectators. Numer­
ous river steamers and ferry­
boats were built under Fulton's
supervision.
The magnificent
ocean going steamships of today
are the grandchildren of Fulton's
genius.
JEBEL MUSA.
Mount Upon Which Moses Received
tha Tables of the Law.
In a wild and desolate region In the
southern half of the Slualtlc iwnlnsu-
la stands the mount which Moses as-
rended to receive the tables of the law.
From Its sacred associations this moun­
tainous region has long been a favor­
ite abode of religious recluses. The
mountain Itself divides Into three parts,
and there has been much discussion as
to the exact site of the giving of the
law.
Jebel Musa, the central of the three
peaks. Is now considered as best ful­
filling the conditions described In
Scripture. At Its base la the broad
plain of sufficient extent to permit the
encampment of the hosts of Israel.
The |>eak itself rises to a height of
7,363 feet, and on Its northeastern
slope, at an elevation of about 5,000
feet. Is the monastery of St. Catharine.
So precipitous is the side of the moun­
tain at this point that the only means
of access to the monastery Is by a
windlass. In this lofty dwelling place,
however, are housed some thirty
monks of the Greek church.
The whole place was favorite of the
Christian anchorites of the early cen­
turies. and the rocks are full of the
cells and caves In which they lived.
There are to be seen here also numer­
ous ancient Inscriptions upon the rocks
which nr? of great interest to archaeol­
ogists. and one of the best manuscripts
of tbe Bible was discovered here in
1859.—Brooklyn Engle
The Triple Plume.
The three feathers of the Prince of
Wales, with the German motto, “Ich
Dien” (‘‘I serve"), are supposed to be
the arms of the blind king of Bohe­
mia, whom Edward Ill.'s son, the
Black Prince, overcame at Cressy.
The captor, it will be remembered,
waited in his own tent upon his cap­
tive; hence a special significance to
the words “I serve." In this, how­
ever, we have a story that history re­
fuses to accept. The triple plume, in­
deed, as well as feathers of various
numtiers, came Into general use about
the time of Edward III. But it was
not unknown before that time, and
even at that time jt wan not tbe dis
tlnctlve cognizance of tbe Prince of
Wales. Other members of the royal
family bore It as well as he. Not till
the reign of Henry VII. was the triple
plume within a coronet restricted to
the eldest son of the sovereign.—St
Louis Republic.
M. J. SCOTT, a farmer residing in Antioch voting precincet, whose postoffice address is Central Buiiil. *
Rural Route No. 2, has evolved a plan of banking and bonding which, if it could be put in operation in every
county of every state in the union, he and his friends believe would provide an absolutely elustie currency,
obviate panics, and break the grip of the money trust, m other of all trusts, in thirty days. Mr. Scott has submitted
W
Ollly UI dilCKaUIl CUUUIY mill IUC Slittc Ul VIV^V'11, mu
uiv
vwk.A.wAji vw.A.
votes, expressed wherever possible through the initiative. As to the practicability of his plan neither lie nor
uny one to whom he has submitted the scheme has any doubt. An effort will be made to get the plan before the
people of Oregon as an initiative measure at the coming general election.
The Birth o f a Wonderful Idea
Mr. Scott frankly admits that his plan did not spring from his brain full-fledged, like Minerva from the
brow of Jove, but that it had its inception in, and gradual growth since the attem pt to bond Jackson county for a
million and a half for good roads last September, the issue carrying by an overwhelming majority, later being de­
clared invalid by the state supreme court because it was not voted at a general instead of a special election. All
but three of the’ thirty-three votes cast in Mr. Scott’s precinct of Antioch were against the bond issue, Mr. Scott’s
vote being cast with the negative majority. Neither he nor his neighbors could see the wisdom of paying $3,3(X),-
000, principal and interest, for the use of $1,500,000 for twenty years, which is what the proposed bond issue ap­
peared to mean to them, and actually did mean.
The plan advanced bv the Antioch granger was first formulated with the idea of getting money for good roads
for Jackson county at as small an ultimate expense as possible to the taxpayers, but when he had it worked out he
found that what he proposed, if put in general operation, would actually revolutionize Jhe banking system of the
country.
How the People can Bond Themselves Without Paying Interest
Instead of issuing $1,500,000 in 20-year interest-bearing bonds, meaning a total to pay, with interest foi
twenty years at 6 per cent, of $3,300,000, Mr. Scott proposes to take advantage of existing federal banking laws by
having the people
amount of $3
out a national
. .
treasury department issue national bank notes to the amount of $3,300,000, which the people of Jackson county,
under the national banking law, would have to use for twenty years, in perpetuity or as long as they wished to
retain their national bank charter. For the use of this money their bank would have to pay nothing, having the same
privileges that are extended to other national banks. The people, through their bank, would own the bonds them­
selves, with the assessed valuation of Jackson county, at present thirty-eight millions, ami all the great natural
resources, agricultural, mineral, timber and water power, together with the industry, intelligence ami integrity of
' every good man and every good woman in Jackson county, now and forever, hack of their bonds, making them easily
the equal of the best money ever minted or printed.
How the Principle Will Work in Practice
To show how the plan would work out in actual practice, according to Mr. Scott: “ Taking $3,300,000 for a
round number as the amount desired by the people of Jackson or any other county for good roads or other improve­
ments, it would cost the people in interest alone on 6 pci cent bonds, under the present system of bonding and the
system that was proposed to the people of Jackson county last September, $198,000 per year. Thus the i>eople would
be, as now\ the slaves of the great god Money. On the contrary, under the plan which I propose to the people of
Jackson county and all other counties, the people would have $3,300,000 in national bank notes issued on the bonds,
on which they would pay no interest, saving $198,000 per year on this alone. Such money as is not paid out from
the T axpayers’ Bank of Jackson County for road improvement or other purposes could be loaned Jo the local
banks or to others on good security at a low rate of interest. Thus there would be a saving to the people of $198,-
000 a year in interest that would be paid under the old plan, plus whatever interest was received from money not
used for road or other public purposes. The tables would be turned, and the great god Money become the slave of
the people instead of their being slaves to it, as they arc new, and as they would be to a yet greater extent if such a
bond issue as was proposed in Jackson county last fall were put into operation.’’
How the Bonds May Be Retired at Any Time
BENJAMIN FRANKLIN Fa-
IUOUI American philosopher,
s ta te s m a n ,
61 plom atlat
and aulbur.
Burn lloeton.
Jan. 17, 1706;
dlodl’blladel-
pbta, April IT,
1700. Learn­
ed printer's
trail» a c d
ratnbllabed Fanaarhauia (»ar­
ietta at Philadelphia la 17».
Founded I’hlladelphla library In
1731. Began publlahlag "Four
Hlcbaril'a Almanac'' la 1782.
Founded American Pblloaophlcal
> society and University ot Psnn
I aylvanla In 1743- Wae awarded
Copley medal by Royal aoctaty
In 1788 (or demonstrating by ax
pertinents made with a kite uJr-
Ing a thunderstorm that 11«bl­
uing la a discharge of alac-
trlclty. Member of Continen­
tal congress and one of com­
mittee of five to draw up Dec
laratton of Independence, of
which he was a signer. Ambas­
sador to France during Revolu­
tionary war and helped to make
treaty by which France recog
nixed Independence of America.
With Jay aud Adams concluded
treaty of peace with England In
1783 Hla autobiography la hla
beet known book.
FLOWER SHOW IN 1913.
E urop ean » W ill C om pels W ith A.-nsrl-
cans F o r *15,000 In P rises.
The Hoclety of American Flurlela and
Ornamental Hortlcultartata through tbe
uullouul flower show committee baa
rlom-d a coutract with the Internation­
al Kx|M>altlon company to bold au Inter­
national flower show the first week In
April, 1813. when more than *15.000
will lie offered In prixee. The »how
will be held In New York, and a uum-
ber of societies will contribute gold
module aud other trophies for the com­
petitions
There are more than fifty representa­
tives of forelgu florists In (hie country,
and many of theae will exhibit the lat­
ent creations of flowers and plants In
cotuiietltloii with tbe products of thia
country. Owlug to a law rereutly pann­
ed by congress all goods to be exhlbM-
ed In thia country are admitted free,
and thia will suable Ruro|»mn florists
to make entries without (be usual cus­
toms annoyance.
Tbe national flower show committee
consists of Charles II. Tolly. Mndlsou.
N. J., chairman; J. A. Valentine, Den-
ver; W. N. It mid. Chicago; Thomas Ito
laud. Boston: W. P, Craig. Philadel­
phia, aud W. A. Ma win. South Orung*
N. J.
Under what will probably be known as tbe Scott bonding system, the people at any time they sec fit to PROF. STARR PREDICTS WAR.
retire their bond issue, may do so in the following manner; Assuming the amount of the issue to have been $3,300,00(1. Russia and Japan to Fight; Also Japan
and China.
tbe people may at any time tax themselves to tbe extent of $105,000 per year, the same amount that would hnv<
Rtudy of conditions in the orient haa
been necessary to pay tbe interest and maintain tbe sink lug fund on a bond issue of $1,500,000, such ns was pro- convinced
Professor Frederick Starr
posed last fall, and in twenty years tbe people would be able to turn the entire amount of $3,300,000 over to tilt of the University of Chicago that
government, it having cost them nothing in interest, i nJ they having had more than twice the benefit that they Korea will, within the next few years,
the buttle ground for two great
would have bad under an ordinary bond issue for $1,500, (KH). A t the present assessed valuation of Jackson county, bo
wars, one between Itusslii and Japan
approximately thirty-eight millions, an annual levy «if fo u.r mid one-half mills would take care of a bond issue of and the other between Japan and
$3,300,000 in twenty years, and give a small surplus each j ear. This levy would be annually deereused by the in- Chinn.
In n recent lecture Justified
crease iu assessed valuation. Having recalled their bank notes to the Taxpayers’ National Bank at the rate of $165,- the Starr
Japanese government for breaking
000 per year for twenty years, or having recalled them all at the end of the twenty years, the people can then return Its promise to maintain the Independ­
tbe $3,300,000 in bank notes to the government, surrender their charter, receive their cancelled bonds and go out of ence of Korea on the general grounds
that Japan Is overcrowded.
the banking business—if they so wish.
He declared the Russian govern­
The People’s Votes Will Make th e Taxpayers’ Bank Possible
William J. Scott, who is declared by all to whom his plan has been submitted to be the author of the
greatest economic principle since Henry George promulgated his single tax, makes no claim to legal learning. He
lives in comparative retirem ent in his 1365-acre ranch on Rogue river, 14 miles north of Medford. He has read
practically no books on political economy or economic questions. He has simply worked out his plan of the Tax­
payers’ National Bank from ideas given him by the proposed bond issue of $1,500,000 for good roads in Jackson
county last fall. He is an ardent good road advocate. He believes th at his plan is the way to get them, and also to
solve the financial problem. Assuming that the government under which he lives is or should be of, by and for the
people, and that when his idea is properly brought to public attention it will claim the thoughtful consideration
which he believes it merits, should there arise any legal or constitutional barriers against it, Mr. Scott believes
TAFTS IN MOVING PICTURES. that the same will be speedily removed by popular vote, expressed either directly through the initiative or through
enactment by state legislatures, or by congress, o£laws making the establishment of the T axpayers’ National Bank
President and Wife Taken Walking In
White House Grounds.
possible.
President and Mr). Taft posed for
two moving picture jperators, who set
their camera up In the grounds In the
rear of the executive mansion and took
a running picture of the president and
his wife as they walked through the
grounds. Tha president «nd Mrs. Taft
walked out into the grounds through
tbe basement door and spent several
minutes within range of the machine.
The moving picture men had their
cameras already set np and succeeded
In exposing several thousand feet of
film. They also took views In the In­
terior of the White House and at the
executive offices.
The nlctures taken will probably be
combined in a sketch to be known as
“A Day at the White House,” which
will be displayed before the people not
only of this country, but of the entire
world, within the next few months.
THE HALL OF FAME.
The Grand Old Name.
Your Child.
A Useless Verdict
All Englishmen disagree aa to which
of them are "gentlemen." The prob­
lem divides tbe whole nation Into em­
bittered units. It Is, however, gen­
erally conceded that no man Is a "gen­
tleman" who has not had a remote an­
cestor who robbed the country.—Lon­
don Truth.
Does your child break Into the con­
versation when you have visitors?
Does he leave his clothes lying all
over the house?
Does he eat surreptitiously between
meals ?
Does he lay hla hands on almost
anything he wants to make something
out of without asking your permis­
sion 7
Does he come down late to break­
fast?
Does be say “Huh,” “Gee?"
And, If not, why not. You are bla
parent, and he Is living In the United
States of America.—Life.
"Yes,” said the old traveler. T was
on a Jury once. It wns a murder trial.
I didn’t want the fellow hnnged and
so stuck out against the other eleven
for nine days, locked up In the Jury
room, when they gave In. and we
brought In a verdict of not guilty, and
then I was ready to stab myself with
spite.”
“What about?”
“ ’Cause the mob bad hanged the
prisoner on the very first day we were
locked up.”
An Orator on Oratory.
W. Bourke Cockran was discussing
oratory once at a dinner.
"The modern style of oration,” be
said. "Is plain, direct end simple. The
old fashioned flowery oratory, with Its
Latin quotations, no longer impresses
any one. Once, In my early youth, I
Introduced a quotation from Vergil Into
a speech. Instantly a shrewd looking
workingman In the audience shouted:
" ‘Translate, translate!'
"So I complied, adding. T he transla­
Cuban Laborers Mostly Spaniards.
tion Is merely a loose one.'
Ninety per cent of the laborers on
“ ‘Yes,’ said the workingman, ‘loosa.
the plantations and in the mlnee of but not lucid.’ ’’—New York Press.
Cuba are Spaniards.
. . -------------
The Poor Poets.
Assistant Edltor-Here’s a poem from
a fellow who Is serving a five years’
term In prison. Managing Editor-
Well. print it, with a footnote explain­
ing the circumstance. It may serve as
a warning to other pc eta.—Exchange.
ment, humiliated over Its defeat. Is
hldlug Its time nnd making prepara­
tions to give a better nccouut of U
self.
Lawrence to Retire From Congress.
Representative George I'. Lawreuce
pf Massachusetts announced that he
will not be a candidate for re-election.
He haa been a member of the house
for fourteen yeare. having been first
elected In Noverolter, 181)7. to fill a
vaenney caused by the death of Rep­
resentative A. B. Wright. '•» la tbe
ranking Republican member of tbe
committee on rivers nnd hnrbora.
No New Clethsa In Seventeen Yeere.
Wearing the dress In which she waa
married seventeen years ago In Liver­
pool, England, Mrs. E. E. Newton ap­
plied for divorce at Kansas City. In
The Law.
Of all the parts of a law, the most her petition she declared that she had
effectual Is the vindicatory, for It la had no new clothing since she bed
but lost labor to say. "Do this or avoid made her wedding clsthes.
that,” unless we also declare. 'This
Turn About.
•hall l>e the consequence of your non
“Turn about Is fair play.” quoted tbe
compliance.” The main strength and
force of n law consist In the peDnlty wise guy.
“Yes," answered the simple mug,
annexed to It.—Blackstone.
“the man who throws a banana skin
on the sidewalk shouldn't I m > surprised
Finding Ancestor».
Newrlch — How fnr back does my If the banana skin throws him In the
family run? Genealogist—That’s for snme place."—Philadelphia Record.
you to decide. We'll go as fnr back
What Impressed Him.
as you wish to pay for, sir.—Judge.
"So yon got the opinions of two law­
It Is not you who possess riches, but yers on the case. Were their opinions
the same?”
your riches which possess you.—Blon.
"Yea: *50 each.”—Boston Transcript.
Sailed Wall Paper.
A wall papercr advises to get a roll
of cheap cotton batting for cleaning
soiled wall paper. With a piece of the
batting go over the surfnee of tbe pa­
Life and Aga.
per lightly. Then with some more bat­
Life does not count by’year«. Soma
ting go over the laqier with greater suffer a lifetime In a day and so grow
pressure. The result Is astonishing. old between tbe rising and the setting
To keep the paper looking well this of the sun.—Augusta Bvana.
treatment should be given occasionally.
Earnestness Is the soul of work.—
German
Don’t exprees a positive opinion un­
less you perfectly understand what
roe are talking about.