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McHenry Plaindealer (McHenry, IL), 1 Jan 1914, p. 7

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"' % * V s' . *7^**' " "'* ^ n**«ps f» "• ; ' "„ !" 5."'^ **** *•% i"t» J $ ; ; / ' 4 k , HKf ' '•" *m - f£, \> '%"*,WĴ '̂ '\- ?̂1 |f *f '-< . ' .- *^>J' %* M'HENRY PLAINDEAl.ER, MI1ENRY ILL. y MAKES CHANGES III Hew Money Law Displaces 122- Y«ar-0ld Code. . IS FAR-REACHING IN SCOPE Most Important Law Relating to Fi­ nance Paaeed In Many Years--Es­ sential Features of the/Meaa- I ure Explained In Nontech­ nical Language. Washington, Dec. 23--The new bill affecting the currency, banking and finances of the country is one of the most fax-reaching measures relating to finance that have " been enacted in many years. The magnitude of the subject, the diversity of interests affected and the length of the debates in both branches of congress has to follow the changes and grasp the essentials of this highly technical measure in its important bearings on money, finance, banking and the entire range of fiecal subjects, public and private, which it affects. Summary of the Bill. With a view, therefore, of present­ ing succinctly and in non-technical language an epitome of the salient fea­ tures of the measure as finally framed, the following summary is given of the bill as a whole and of its principal de­ tails: Generally speaking, the first steps to be taken to bring into operation the nation's new financial system will be through an organization committee consisting of the secretary * of the treasury, secretary of agriculture and controller of the currency. Banks have 60 days within which to file their applications for membership In the new system, and one year's time is allowed before the government will compel the dissolution of any na­ tional bank that refuses to join. Will "Take Up the Slack." The new law will make little direct change in the operation of the pres­ ent national banks, except to allow them to loan a certain amount of their (unds upon farm mortgages. Its chief purpose is to add a new piece of machinery to the banking system that will "take up the slack" during the changing business condi­ tions of each year; that will give the banks a place to quickly convert their assets into cash in time of need, and that will bring out new federal cur­ rency when it is needed, and retire it when money becomes "cheap." / Banks are now required to kefip a certain percentage of their deposits as "reserves," part in cash in their own vaults and part pf which may be re- deposited in the banks of New York, Chicago, St. Louis and other designat­ ed cities. In times "of sudden financial de­ mands, when banks have loaned up to the full limit of their resources, these reserves furnish little relief, because if they are paid out to meet demands the banks are left in a precarious con­ dition. Basic Principle of Law. The basic principle of the new law Is to get these reserve funds out into circulation when necessary without lessening the Bafety of any bank, and * to provide a place to which local banks may rush in a crisis and get cash for the "prime commercial pa­ per" they hold in their vaults. This is to be accomplished through a chain of regional reserve banks, or "reservoirs of reserves," In which all banks ehall deposit a stated part of the money they are required to hold %s reserves. Under the new system, when a financial flurry comes the banks can take commercial paper, such as notes, drafts and bills of exchange, to these "reservoirs," and secure the use of their own reserves, or, if necessary, even the reserve 5f other banks, by depositing this security. The new regional banks 'will re­ ceive about one-half of the bank re­ serves of the country. They in turn will be permitted to loan back to the banks all but 35 per cent, of these reserves, so that in case of emergency millions of cash can be brought out Into circulation quickly. The banks will have to pay for these loans, however, as individuals have to pay for a loan from any local bank, and this charge is expected to prevent the too free use of the reserves held by the regional banks. New Paper Currency. A new form of paper currency la also provided for, to come out In case of emergency, and which Is expected to go back into the hands of the gov­ ernment when times are normal. These "treasury notes" will be printed by the government and Issued through each regional reserve bank, and will bear the guarantee both of the re­ gional bank and of the government. If the demand for currency in any section of the country exceeds the supply of circulating money a regional bank can secure this new money from the government and put it Into circulation; but a gold reserve of 40 per cent, and commercial paper equal to the full value of the note must be held as a reserve bt-iind each note issued. This provision is expected to be the ' influence that will drive the new money back into retirement when it is no longer needed. Clearly Explained. The following analysis presents the details of the new law without ad­ hering closely to the technical division or language of the measure: At the head of the system will stand Coming to Herself. Qjj one occasion Dr. Francis War- was trying to bring back to con- ciousness a woman who had had a iralytic stroke. His efforts seemed i> to be in vain. For a long time utterances were only the ravings du ium, but all at once she sat up Ibed, and, looking straight at Doc- ,arner, she cried out: "Oh, you old man!" "Ah," said Doctor Jner cheerfully, "now she's begln- l to talk sense!"--Pearson's Week- a federal teserre board at Washing­ ton, appointed by the president, and to consist! of the secretary of the treasury, tile controller of the curren­ cy and five other members. Two of these shall be expert bankers, but none shall have banking affiliations or own bank•, stock during their service. This board will exercise general con­ trol over the entire system. The temporary "organisation com­ mittee," or the federal reserve board, will select from eight to twelve cities where regional reserve hanks shall be located and will divide the entire country geographically with these cities as the centers of districts. All national banks < In a district will be required to subscribe for the stock of the regional reserve bank in that dis­ trict and to keep a portion of their reserves there. Known as "Member Banks." Local banks will be known as "mem­ ber banks" because they will own the stock of the regional reserve bank of their district. Each member bank will be required to take capital stock of the regional reserve bank, equal to 6 per cent, of the member bank's capi­ tal and surplus. The capital of the re­ gional bank will increase or decrease so that it always represents 6 per cent, of the combined capital and sur­ plus of all the banks of the district that have joined the system. National banks are compelled to join and state banks are permitted to if they bring their reserve require­ ments up to the standard set for na­ tional banks and submit to national examinations. Public Can Buy Stock. Public ownership of the stock of the regional reserve banks is permitted only in case enough banks do not join in any district to provide a capital stock of $4,000,000. In such event the public may purchase the stock in quantities limited to $25,000 for each individual, but the voting of this Btock will be placed in the hands of govern­ ment representatives on the board of directors of the regional reserve bank. The regional reserve banks may do business only with their member banks, not with the public, except that certain "open market operations" such as the purchase and sale of gold, gov ernment. or municipal bonds, and cer­ tain forms of bills of exchange, are permitted. These banks will make their earnings from the loans made to member banks, and from the purchase and sale of bonds and foreign bills of exchange. Must Put Up Cash. Member banks will be compelled to put up in cash only one-half of their subscription to the capital of the new banks, the rest can be called for if needed by the regional bank. Divi­ dends of 6 per cent, will be paid on this stock to the member banks, and the stock will be non-taxabte. After these dividends are paid one- half of the surplus net earnings goes to create a regional surplus fund, and when this has reached 40 per cent, of the regional bank's paid in capital these earnings are to go Into the United States treasury. The balances of the net earnings are to be paid to the United States as a franchise tax. With the machinery thus created for a new banking system that is sup­ plementary to the commercial banks of the country, the law provides for a gradual transfer of part of the \>ank reserves to these new "reservoir" banks. In order not to disturb business con­ ditions, or to withdraw too suddenly the heavy deposits of country banks In the large cities, the law provides that three years may be consumed in shift­ ing these balances and that, if neces­ sary, part of the reserves transferred to the regional banks may consist of commercial paper. The amount of reserve. required from every bank under the new law, and the place where it must be kept, are as follows: Country banks--Total reserve requir­ ed, 12 per cent, of demand deposits and 6 per cent, of time deposits. Five- twelfths must be held in the bank's own vaults for two years and four- twelfths after that. For the first year two-twelfths must be kept in the re­ gional bank, increasing one-twelfth each six monthB thereafter until It reaches five-twelfths of the total re­ serve. For three years the unallotted part of the reserve may be kept in the banks of reserve cities. After that lime it must be kept either in the country banks and vaults or in the regional reserve bank. Reserve city banks--Total reserve required, 15 per cent, of demand and 5 per cent of time deposits. Six-fif­ teenths must be kept in the bank's vaults for the first two years and flve- flfteenth8%rfter that time. Three-fif­ teenths mifst be kept in the regional reserve bank for the first year, in­ creasing one-flfteenth every six months thereafter until it reaches six- fifteenths. For three years the un­ allotted portion of the reserve may be kept in other banks, in its own vault^,^or In the regional bank; after that time in one of the latter two places. Central reserve city banks (New York, Chicago and St. Louis)--Total reserve required, 18 per cent, of de­ mand and 5 per cent, of time depos­ its. Seven-eighteenths in the regional reserve banks and the remaining flve- eighteenths in either place the bank may choose. Regional Reserve Banks. These Immense funds of reserves from "member banks," together with government moneys, will make up the deposits of the regional reserve banks. Each of these banks will be adminis­ tered by a board of nine directors, six of whom will be elected by the banks, and three appointed by the federal re­ serve board. The regional reserve banks may re- district--that is, buy at a discount from Its member banks--"prime com­ mercial paper" when the member banks desire to convert these assets Into money. Character of. Paper. The exact terms of this important provision as to the character of paper upon which the regional reserve banks may furnish cash are as follows: "Upon the Indorsement of any of Its member banks, with a waiver of de­ mand notice and protest by such banks, and federal (regional) reserve bank may discount notes, drafts, and bills of exchange arising out of act­ ual commercial transactions; that is, notes, drafts, and bills of exchange is­ sued or drawn for agricultural, indus­ trial or commercial purposes, or the proceeds of which have be^n used, or are to be used, for such purposes, the federal reserve board to have the right to determine or define the char­ acter of the paper thus eligible for discount, within the meaning of this act. Eligible for Discount. Nothing in this act contained shall be construed to prohibit such notes, drafts and bills of exchange, secured by staple agricultural products, or oth­ er goods, wares, or merchandise, from being eligible for such discount; but such definition shall not include notes, drafts, or bills covering merely Invest­ ments or issued or drawn for the purpose of carrying or trading in stocks, bonds or other investment se­ curities, except bonds and notes of the government of the Uriited States. "Nates, drafts and bills admitted to discount under the terms of the para­ graph must have a maturity at the time of discount of not more than 90 HOW DISPUTED POINTS WERE ADJUSTED The following changes affecting points at difference between the senate and house were made in conference: Comptroller of currency and secretary of agriculture retained as members of organization committee. Comptroller of currency made ex-offlcio member of federal reserve board and total membership retained at seven and the term of office fixed at ten years. Alaska excluded from provisions of act. After federal reserve districts are established, national banking asso­ ciations shall have 30 days in which to subscribe for capital stock of re­ serve banks. Individuals may purchase up to $25,000 stock in federal reserve bank instead of $10,000, as provided in house bill. Stock not held by member banks shall not be entitled to any voting power whatever. Number of regional reserve banks to be "not less than eight nor more than twelve," aB provided by the senate. The minimum capital of regional reserve banks fixed at $4,000,000. No senator or representative can be an officer of a federal reserve bank. No director of Class C directors of federal reserve board Bhall be an officer, director, employe or stockholder of any bank. Each member bank is permitted to nominate one candidate for Class A and one for Class B directors. Subscription of memDer banks 6 per cent, of capital and surplus of subscribing bank. Senate provision for the guarantee of national bank deposits elim­ inated. Use of federal reserve notes as part of reserves of member banks stricken out. At least one-tblrd of the reserves of the country banks must be held In the vaults of local banks. House provision for collections at par practically restored, banks to be permitted to collect only actual expenses. N Retirement of 2 per cent, bonds aggregating $300,000,000 within 20 years provided for as against retirement of $125,000,000 in senate bill. Gold reserve behind the notes remains at 40 per cent., with a gradu­ ated tax against any depletion. Salary of members of the federal board Increased from $10,000 to $12,000. Members of reserve board shall serve two, four, six, eight and ten years Instead of one to five years. Reserve board can liquidate or reorganize reserve bauks. Compensations for directors, officers and employes of federal reserve banks shall be subject to the approval of the federal reservg board. Recess appointments to reserve board shall expire 30 days after the following session of congress opens. Net balance of amounts due to and from other banks shall be taken as the basis for ascertaining the deposits against which reserves shall be determined. Another Evil. Willis--"I see a fellow in New York took out $250,000 insurance on $200 worth of goods." Qillis--"That s nothing. I know a lot of fellows who carry $25,000 life insurance on a 30- cent life."--Puck. No Favorites. Definition of a boarding house straw­ berry shortcake: A circular solid, every point In which perimeter is equidistant from the strawberry.-- .Everybody's Magazine. Wants Soldiers to Swagger. Soldiers ought to swagger according to the colonel of the One Hundred and Sixteenth regiment, which is located at Vannes, near Lorient, France. He has Issued a special order to be read in every company of his command, which reads as follows: "A soldier's uniform is only comely when it is worn with pride, even with Bwagger. Under these conditions it is incompar­ able. Try to be chic, and.while you are in the army, at least put some heart into yourself." FIVE FUNDAMENTALS, OF THE CURRENCY^tiU Issue of currency, guaranteed by the government, based upon notes and bills representing commercial transactions and backed by a gold reserve. The new currency is ex­ pected to contract and expand to meet the varied demands of trade. Concentration of the bank re­ serves of. the country In regional Institutions capitalized by the banks of the country and con­ trolled by directore elected by the banks. Creation of a market for the ne\ gotiable commercial paper which forms $he bulk of the assets of the banks, where, In time of stress, those assets may be easily and without loss transformed into cash. Establishment of from eight to twelve great regional banks throughout the country, which will issue currency, rediscount paper and centralize and mobilize the re­ serves of the local banks. Creation of a federal t>eserve board of seven members appointed by the president, with final powers of control and supervision over the entire system. CHARLE8 H. MOYER ATTACKED AND DEPORTED BY MOB AT HANCOCK, MICH. TAKEN TO CHICAGO HOSPITAL I JLf I jN C3 I days; provided, that notes, drafts and, bills drawn or issued for agricultural^ purposes or based on live stock and having a maturity not exceeding six •months may be discounted in an amount to be limited to a percentage of the capital of the federal (regional) reserve bank, to be ascertained and fixed by the federal reserve board." The "Elastic" Element. The new treasury notes, which are to furnish the "elastic" element in the currency system, and to add to the country's circulating money in time of need, will come into use in the follow­ ing way: The notes will be printed by the gov* ernment, with a distinctive style for each regional reserve bank. One of the three directors named by the fed­ eral reserve board for each regional bank will be known as the "federal re­ serve agent" for that bank, and a sup­ ply of the notes will be placed in his custody. Should a regional bank desire to pay out more money than its cash re­ sources will permit, the law provides that it may put some of its rediscount- ed commercial paper into the hands of the "federal reserve agent," and re- ceived in return the new treasury notes. For each note that it puts out into circulation, the regional reserve bank must set aside in gold 40 per cent, of the value of the note as a guarantee for Its redemption. This gold, with the commercial paper held by the "federal reserve agent," is the pro­ tection behind the new money; but these notes will also be guaranteed by the government and may be redeem­ ed in gold in the United States treas­ ury. Reserve Required. Each regional bank, under the act, must keep a reserve of 35 per cent, of the deposits it has received, besides the 40 per cent, gold reserve behind the treasury notes it Issues. If the gold reserve behind the notes falls be­ low 40 per cent, a heavy tax is im­ posed on the bank, which in turn adds the tax to the rate it charges member banks for rediscounts. This was de­ signed to stop an over-expansion of currency, in times of sudden stress the federal reserve board can suspend these reserve provisions, in order to furnish quick relief to any commu­ nity. One regional bank cannot again pay out the notes of another, except under a heavy tax. These notes are expect­ ed to return to the regional banks and be withdrawn from circulation when the need of their use passes. Take Up Bonds. None of the existing forms of cur* rency except the national bank notes will be disturbed by the new law. The United States bonds, now used to se­ cure the issue of national bank notes, are to be taken up at the rate of $25,- 000,000 a year by the regional re­ serve banks and new treasury notes or short term three per cent, bonds will take their place. National bank currency is expected gradually to re­ tire. The federal reserve board will exen cise final control over the entire op­ eration of the system. It can compel one regional bank to loan to another in time of need; can suspend all re­ strictions surrounding the reserves which regional banks must bold, and can remove directors of regional re­ serve banks whenever it is believed necessary. Banks In Control. While the banks retain control of the boards of the regional reserve banks, their connection with the fed­ eral reserve board is only through an advisory council, made up of one representative from each federal re­ serve district. This council will meet in Washington to confer with the fed­ eral reserve board "on general busi­ ness conditions" and to make recom­ mendations and suggestions concern­ ing discount rates, note issues, and re­ serve conditions. An important change in national banking methods embraced in the new low will permit all national banks ex­ cept those in New Y'ork, Chicago and St. Louis to make direct loans on five year farm mortgages up to 25 per cent, of their capital and surplus, or up to one-third of their time deposits. Another provision In th«» law per­ mits national banks having a capital of $1,000,000 or more to open foreign branches. Similar authority- is given to the regional reserve banks, the pur pose being to facilitate the develop­ ment of American trade abroad. Valuable Hint From Germany. Many industrial firms in Germany provide their workmen squar# pieces of cloth for cleaning purposes instead of the cotton waste that is usual here. The scheme has the advantage of econ­ omy. She Had Here. *1 see, Mary, that in our city there is one policeman for every 521 Inhabi­ tants," said the lady of the house "Don't know, and don't care," was the maid's reply. "I've sot mine already." 1S£00 Persons Attend Public Funeral for Fifty-Eight Victims of "Fire" Panic at Calumet--Dead Are Buried in Trenches. Chicago, Dec. SO.--C. H. Moyer, pres­ ident of the Western Federation of Miners, who said that on Friday night \he was shot, beaten, dragged through ancock, Mich., and forced to leave e copper district, reached Chicago Saturday. He wae taken to St. ke's hospital for examination. His deportation and assault will be investigated by the special grand Jury hen it resumes its sessions in Calu- et Sheriff Cruse began an inquiry /into the facts of Moyer's departure In response to a telegram from Governor Ferris. Intimations were made in union circles that the Jury is "hand- picked.^ In a statement involving MacNaugh- ton" Moyer told the story of the attack as he lay in a cot in the New Hotel Gault while awaiting removal to the hospital. \ "A delegation composed of members otf the Citizens' alliance came to my room at the Scott hotel in Hancock tdj hold a conferehce," he said. "They tthat I retract statements 5d to me in which, they said, I >ld that the man who shouted it the Christmas celebration in et when 72 persons were killed, member of the alliance. ey also demanded that I issue a statemYent telling the bereaved families to acc«pt relief from the fund raised by the Valliance. I refused to comply with theiW requests and they left. "It was Viot more than four minutes later wheix the door of my room opened, anal about twenty-five men en­ tered. Thew began to shout, 'Where's Moyert' and II said, 'Here I am. What do you want? "The men sfceized, kicked and beat me, and forceVl me against the wall. One man struc^k me with a revolver, g|id it exploded\ and I felt a tingling t^nsation in my ^hack. 1 do not think the shooting was •Krrf'onal. "When the re\^Bp>:t' A xploded, two men took me by th< ?^nd dragged me down the stairs, and\ into the street. Taking turn about, \he men dragged-lne through the streetdv^to the Copper Range railroad stations* Houghton where the mob was K^i&- forced by a number of men who wefc^e standing on the platferm. "I saw MacNaughton drlve'Nip in an automobile, and he ehouted: 'You get out of this country And stay out of here. If you ever return we will hang you.' "Charles H. Tanner, traveling audi­ tor of the Western federation, was in my room at the time of the attack. He. too, was brought to the station by two men. He had been struck over, the eyes by some one whose fist had been ino&sed In brass knuekles. "Two men, one pf them a deputy sheriff named W. D. Heneley, bought two tic^pts for Chicago, and whelt the train came In we were both thrown into a car. The tickets were given to the conductor by Hensley and his com­ panion, who accompanied us until we reached the Wisconsin line at Chan- ning, Mich." The train reacfeed Chicago in the afternoon and Moyer was taken to St. Luke's hospital. It was said be was not seriously wounded. Calumet, Mich., Dec. 30.--Calumet was a funeral city on Sunday. Serv­ ices for 59 of the victims of the Christ­ mas eve panic were held in six churches and were followed by a fu­ neral procession made up of the pro­ cessions from each of the churches, five of which ate located in Red Jacket and one in Hecla, a mile distant from the village. It is estimated that 15,000 persons marched in the parade. Calumet, Mich., Dec. 27.--Seventy- two persons--men, women and chil­ dren, some babes In arms--were trampled and suffocated to death here in a mad panic to escape from what they thought was a burning building. What they really fled from was an Insane man's cry of "Fire!" When he let out his fateful cry sev­ eral hundred persons were gathered round a great Christmas tree ar­ ranged for the starving children of the striking miners. It was ?he first touch of joy they have known in months. A moment later a human avalanche was pouring madly down a narrow flight of stairs--the only egress from the building to the Btreet. In five mintites It was all over. The stairway was paclted and jammed to the ceiling with dead bodies. Seven­ ty-two were taken to undertaking rooms. The bodies of five men, 13 women, 21 boys and 3$ girls lie In a tempor­ ary morgue established in the town hall. Admiral George Dewey 76. Washington. Dec. 29.--"Yes, I am seventy-six. but I certainly do not feel It," said Admiral D^wey as he greeted callers at his oflflcl. Despite the fact that It wae his birthday the hero of Manila was early at his desk. Mlfes Dahltfren a Deaconess. New York, Dec. 29.--The latest ad­ dition to the ranks of society women to enter religious life is Miss Ro- mola Dahlgren, granddaughter of Rear Admiral Dahlgren. She will enter the deaconess' home. Mutinous Troops Are 8hot. Pekin, Dec. 29.--Lined up In squads of ten, 200 mutinous soldiers and their commander were shot to death here. The men were executed by the order of President Yuan Shl-Kal for their revolt Two 8hot to Death In Lexington, Ky., Dec. 23 Jackson and Tate Soudt-rs v i l l e , K v . , f o u g h t a d u e l I n w h i lost their lives. The men haj over a lawsuit and decided it out." Potts town.--Elizabeth Vicary, one of the best known business women of Peoria county and a resident of Potts- town for the last 47 years, is dead. Bloomington.--William Vancamp of Sheldon was killed by falling from the roof of a grpin elevator. He was in­ specting machinery. Sterling.--Benjamin Gilton, aged nineteen, was accidentally killed while hunting near here, and his mother is dying from the shock of the tragedy. Bloomington.--Otto Schueth and Florella Brown, young people of Hud­ son, who were married here, received the deed to a farm valued at $20,000 as a present from the parents of the bridegroom. Galesburg.--The first Knox county- hunting accident of 1913 occurred when Charles Hubart, East Galesburg, lost hie right hand which he was rest­ ing on the muzzle of a shotgun. Am­ putation of the arm was necessary. Bloomington.--Appraisers of the es­ tate of the late Vanentine Ulrich, the wealthy banker of Peoria county, have figured that the total value is $300,- 000. The state treasury will be en­ riched by $23,000, the sum due from the Inheritance tax. Greenville.--An explosion of natural gas in a room in the Hubler hotel blew out on&*end of the building and seri- ausly injured Benjamin Breuchaud, oc­ cupant of the room. The explosion was caused by gas leaking from a small stove. Duquoln.--Progressives here have organized the Jackson County Progres­ sive club. Leaders say it has a mem­ bership of more than 600. Phil Deck­ er of Murphysboro, progressive candi­ date for state treasurer in 1912, was active in its formation. Mount Sterling.--The H. E. Brown­ ing sale of Duroc Jersey hogs drew a large crowd of buyers from other states. The forty-five animals sold brought an average price of $105.80. "High Private" was purchased by J J. Baker of Independence, Kan., for $332.50. Upper Alton.--Upper Alton has bo> come a haven for wild rabbits. Hunt­ ers have driven the rabbits for refuge to the residence district. A week ago a woman was shot by hunters who could not resist the temptation to fire at a rabbit that was running close to her. Springfield.--The Illinois state poul­ try show, to be held in the sthte ar­ senal January 5 to 10, 1914, promises to exceed all previous shows of its kind, if inquiries for catalogues from prospective exhibitors can be taken as a criterion. The record has been broken as to the number of entries ecived so long in advance. Duincy.--Upon his confession in cou\ that he had set fire' to seven buildnnjcs within two days, Herbert WhittakSBT^a nineteen-year-old boy, was held tc*Vlhe grand Juify. The youth's foster pSf6Kts» "\Tr. and Mrs. John L. Lyons, says ufNC ^aB a mania for setting fires iV^ce he saw "lis father and mother pem^Ji 4,1 tb® flames that destroyed their mjpnae In New Hampshire, eight years afe°- Freeport.--F. W. Burnman ofa Clus­ ter. Idaho, Is visiting Illinois cit»®e In search of his missing sisters, Margaret Burnman, who left home \oiie year ago, and Is supposed to be so*116 where in Illinois. Ey the death of grandfather in Idaho the two childrei! are heirs to a fortune of $200,000, will divide it equally. When last heard from she was employed as a waitress in a hotel here. Ridgefarm.--Charles Kirsch has filed bis objections to the payment of a unique claim filed against the estate of his father, John Kirsch, by Mrs. Vi­ olet Craig of Washington, demanding $7,000. The claimant avers that her father was killed In the Civil war, and that her pension money was taken care of by her grandfather, John Kirsch. She says that he appropriate ed this money to his own use. Ottawa.--Leo Neary, ten years old, was drowned in the Illinois-Michigan canal when he broke through the ic». The lad was playing with two compan­ ions, Ed Farrell and Roy Jones, when the thin ice gave away and all were tkfown into the cold water. Farrell and Neary disappeared under the ice, but Jones crawle<foto the bank and saved himself, fittell's father heard the cries of the boys for help and res­ cued his son. Decatur.--A newspaper Item an­ nouncing the marriage of one sister led to her reunion with another, neith­ er having any idea that the other was alive. The parents, Mr. and Mrs. WTahlqulst, died when the two girls were Infants. The children were sep­ arated, and each grew up with but a hazy idea concerning the existence of the other. When Ethel Woodruff, for­ merly Wahlqulst, noticed an item con- ternlng the marriage of Lillian Wahl- quist she learned that the bride was her long lost sister. Mrs. Woodruff re­ sides In West Salem and Mrs. Mayber- ry, recently married, makes her home in Decatur. DeKalb.--A monument of bowlders is to be erected in Coltonville, near DeKalb, to mark a site famed by his­ tory. It was this place that Abraham Lincoln, Jefferson Davis and Zachary Taylor held a conference at the time of the Blackhawk war. It was at this place that the first sessions of court In DeKalb county were held. Sparta.--Mrs. Lillian B. Gordon, principal of the Steelville publlo school, has announced that she is a candidate for the office of Randolph county superintendent of schools. She Is the first woman in the county t» seek a public office. Duquoln.--Rev. J. A. McCord, pastor of the First Baptist church, was exon­ erated on a charge of larceny in the Duquoin police court, as charged by George Gergens, a member of Mfr Cord's church. Jana.--Joseph Morrison, aged eighty- six years, and John William Morri sixty-four. FIRE PERILED GIIT MILE OF HOSE TO ST. LAWRENCE RIVER SAVES MONTREAL FROM BEING DESTROYED. NO WATER FOR FfREMEM -Seventy Buildings Razed Before Bias# Is Put Under Control--Loee le Estimated at $1,000,000-- Use of Dynamite Averted. Montreal, Dec. 31.--The fire whkh threatened to wipe out the famine- crippled city on Monday is under conr trol. Water was obtained by breaking ice on the river and running out a mile of hose. Tlie loss is estimated at $1„> 000,000. The fire started in a block of stores and houses at the comer of St. Hubert and Ontario streets. On account of the lack of water, the fire department was unable to check it. At 2:20 o'clock 20 buildings had been destroyed and the firemen were pre­ paring to use dynamite in an effort to check the flames. The water famine that has prevailed here since the breaking of a main sev­ eral days ago, compelled the firemen to fight the blaze with only one stream from the hydrants and their chemical extinguishers. In half an hour thtrfire had swept through a block. All the apparatus in the city was summoned and every chemical extinguisher available was placed In the hande of firemen. From the block where it started, the fire leaped across the street to a large automobile gar­ age, where a series of gasoline ex­ plosions threw jets of flame in all di­ rections. At this point Chief Trem- blay held a consultation with his lieu­ tenants and sent for dynamite. ALLIANCE MEN ARE ABSOLVED Witnesses at Inquest of Calumet Panto Testify That Fiend Dldnt Wear Badge. Calumet, Mich., Dec. 31.--The in­ quest into the cause of the Italian hall panic in Calumet Christmas eve, which cost the lives of 72 men, women and children, held the center of interest In the copper country strike district on Monday. A half-dozen witnesses testi­ fied, including Mrs. Annie Clemens, leader of the Woman's auxiliary of the Western Federation of Miners, the or­ ganization which was distributing Christmas gifts to the children when the panic in the Italian hall broke out. The testimony of the witnesses dis­ proved the generally circulated ru­ mors that a man wearing a Citizens' alliance button had rushed up the stairs and shouted "Fire" and that deputies stood at the foot of the stairs and beat back those coming out of the hall. All testified to the effect that they had not seen any man wearing ft Citizens' button come up the stairs* nor any person in the hall wearing such a button. Big Rapids, Mich., Dec. 81.--After Governor Ferris of Michigan had set himself to larrup the federal gevern-. ment for interfering in the Calumet strike by sending John B. Densmore into the territory be changed his mind and is now strong for Densmore. The shift In the governor's attitude resulted from a conference that he and Densmore held in the governor's offices here on Monday. Densmore is on his way to the copper country un­ der a detail from Secretary of Labor .Vilson, to attempt to gain an audience ,-ith the mine operators and to exert efforts towards bringing the stfltj^ers and operators together. INDIAlb*JVHNE BUST KILLS 8 Premature Exp Charge Cause ci'f Blckne of Shef Bicknell, Ind„ Dec^ 31.--Eight men were killed outright' and 20 others were injured, some of them probably fatally, on Monday in a premature ex­ plosion of a shot firer*8 charge in the Indian Creek mine, near here. Every member of the mine squad working with the blaeting operations was felled when the charge exploded and sent pieces of rock and tons of earth flying in all directions. Women and children of the miners who were | believed to be In the mine at the timp of the explosion gathered at the mouth of the shaft and watched the work of carrying out the dead and injured. There were many happy re­ unions when miners whose wives were expecting their bodies to be carried out by the rescuers appeared alive and unhurt at the mouth of the shaft The bodies of Rev. Potter and Emery Williams were recovered and Shot Flrer Hugh W'augh le missing. Many Horses Dying In Illinois. Carmi, 111., Dec. 31.--Hundreds of horses are dying in the Wabash river bottotiis following the feeding of im­ mature corn. A poison generated by the cereal causes death, and veterinary ianB are taking steps to check it Fire in Prison; Militia to Scene. Santa Fe, N. M., Dec. 31.--Fire the state penitentiary one mile fro- Santa Fe caused Governor McDonf fearing an outbreak by oners, to rush troops No attempt to escape n. Shot In Pursuit Jesep. Ga., Dec ning, twenty-two,, shot to death wt rest two ne&; sued for an .ail woman at HorJ Mineral Sacramen, eral output J total $95,0Cj auuuuricedj ntate mine

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