The Concordia Times from Concordia, Kansas • 1

lis Pi A. T. A. FILSON. CONCORDIA, KANSAS, THURSDAY, OCTOBER 17, 18S9.

VOL. VI, NO. 30. Does the Organization of a National Hank KediirA the Amount of Money in CLOUD COUNTY BANK. OF CONCORDIA KANSAS.

CAPITAL, SURPLUS, $100,000,00 $25,000.00 ar was coupled to a freight instead of to a passenger traiu as is the usual cus-tome and by slow transportation some of the fish were dead when they arrived at this place. This is probably the first time the fish car has visited Concordia. It had just arrived from the Yellowstone National Park previous to its coming here. From here it goes to Quincy 111. and from there to Washington D.

C. The car contains cooking and sleeping apartments; each side of the car a long water tank with divisions two and one-half feet square, which hold the 'fish. The fish are principally black bass some strised bass, ring perch, cropper and sim perch. T. B.

SMITH, President. W.M. PECK, Cashier. W. II.

WRIGHT, Viee-Pres. D. 11. HARRISON, As'st Cashier. n.

M. SPAULDING, HOMER KENNETT, Wm. M. PECK. T.

B. SMITH. M.D.COLE, II. WRIGHT, D. E.

ATWOOB. W. O. HARRISON, II. M.

KOOT, SAFETY DEPOSIT VAULT. HARD TIMES MEANS tes thus tying up of its working capital. In addition to this the bank pays a tax of 1 per cent thus receivin less than 1 per cent. We look at it that this law ought to be amended so as to relieve the banks and at the same time be of general benefit to the people. Their Modes Operandi There's nothing beyond the conception of a certain "gang" of politicians in thi3 city during a political campaign, and that there's nothing two base, too low, to depraved, too contemptible for them to stoop to has been demon strat ed in every campaigu in the county of late years.

Some people will be gulled successfully every time it seems by thes'e masterpieces of villiany and mud slingers. Too many we are pleased to say credit us with being altogether too slow in exposing or denouncing these marauders on common decency and public morals. One of the favorite methods that these deleiucji tubmen's, imps delight in pursuing, is to take an article in which someone's name appears and distort and misconstrue the item until it appears to their victim as something outrageous, horrible and fit only to give the most salubrious the 'nightmare for seven weeks, and bring the public mind down upon the poor deluded victim with the crashing power of a tumbling three story brick building. Those who do not read The Times or don't read it carefully or do not see the item in print at all, are the most gullible and the easiest worked." Whenever we have reasons to handle a person we do so in an open, manly way that commands the respect of every thinking reasonable and respectable individual that peruses our col CLOSE PRICES And Down They Go for MARTIN BROS. ON DECK WITH THE FOLLOWING, FOR CASH ONLY: 8 lbs choice ground coffee 1 00 32 bars "good brand 4i lbs choice Rio coffee 1 00 of soap 1 00 12 lbs tea dust 1 00 Cocoa soap, 10 cent cake 5c 5 lbs mixed tea 1 00 Solid lye, large size 5c 2 lbs best uncolored J.

tea 1 00 4 cans Eagle powdered lye 25c 20 lb3 prunes 1 00 Rolled oats Sic 20 lbs dried peaches 1 00 2 lb can blackberries 5c 20 lbs York state dried apples 1 00 2 lb can sweet con 5c 16 lbs choice Ev. dried apples 1 00 5 lb can sweet corn, fancy SJc 20 lbs dried grapes 1 00 3 lb can choice table peaches 121c 12 lbs choice raisins 1 00 12 lb can globe tomatoes 1 00 12 lbs fancy Salt Lake peaches 100 1 gallon can apples 23c 10 lbs choice rice 1 00 Soda, starch and bird seed 5c Bring in Your Butter and Market Yours resp'y D.T. Dunning. For The Times. The above query is one which is giving our U.

L. friends a good deal of trouble. On the day of the Alliance picnic at J. P. Whelchel's grove, Mr.

Feet made the assertion that it was very plain that the amount in circulation is lessened every time a national bank is established. His theory and argument is this: Mr. A. wishes to establish a bank; he pays the U. S.

$109,000 of money for that amount in bonds; the U. S. issues for him $90,000 in national bank notes thus we see that the circulation is lessened by the amount of $10,000. This $100,000 paid to the-U. S.

for the bonds is, of course, destroyed. This is a very ingenious theory! a condition, not a theory which confronts us." Let us see if this argument will hold In Brown Strauss' "Dictionary of American Politics," page 337, we find a good explanation and description of the national banking system. JJelow are the main steps in the organization of a national bank. (Not less than five persons may organize a bank.) bnvs on the market U. S.

bonds tnHionmnillltof S100.000. AS bonds are at a premium he must pay, at lpnst 125.000. This money merely hands and is not taken THE CIRCULATION. The U. S.

"is not selling bonds at present." These bonds are deposited in the national treasury and the government issues notes for bank to the amount of $90,000. Lawful money to the amount of $4,500 (5 per cent of the circulation of the bank) is deposited with the treasurer of the U. to make the holders of the notes more secure." Now to recapitulate. First there is an exchange of money for bonds which neither increases nor diminishes the amount in circulation. Second: Bond3 are deposited with the government which issues $90,000 in banknotes.

Third: $4,500 in money is deposited with U. S. treasury. Fourth; The bank must retain in its vaults an amount equal to 15 per cent. So we see that the amount in circulation is first increased by 90,000.

and hv S4.50O deoosited with the U. and $15,000, retained vaults of the banK, leaving a net increase of $70,500 for each $100,000 ot bank capital. Is our question answered Yours truly, W.A.Flsn. We consider this correct, except that a national bank with $100,000 is compelled to buy only $25,000 in government bonds on which they issue in national bank notes. They can deposit either 4 or 4i per cent bonds.

The latter matures in 1S91 and are now worth about 100 while the 4 per cent bonds maturing in 1908 are worth about 128. A national bank with must purchase $12,500 in bonds on which thev can issue $11,250 in bank notes. National banks with $200,000 or more capital must purchase $50,000 in bonds and can issue $45,000 circulating notes. Of late years the large premium that government bonds bring the tax on the circulation of 1 per cent per annum and the fact that the banks can issue only 90 per cent of the par value of the bonds, has made the issuance of national bank currency become unprofitable and burdensome to the banks and so far as we know none of them issue more than the minimum amount required law. The N.

Y. bank statements from banks having from $500,000 to $5,000,000 capital we find only show $45,000 in circulation. In order to induce the banks to increase their circulation, last congress proposed to authorize the banks to issue notes to the par value of the bonds and also to repeal the tax on circulation, but it was defeated by filibustering on the part of those who pretend to be particular friends of Mr. party. This bill, if passed, would have the effect of largely increasing the national bank circulation without any contraction elsewhere, and with perfect safety to the holders of national banknotes.

In two years the 41 per cent bonds will all mature and be paid. $100,000 of 4 per cent bonds cost and mature in 19 years. This will net the holder less than 2 per cent and the bank can only issue $90,000 in no the Next Sixty Days. Eggs and get the Righes Price. MARTIN BROS.

W. C. Wnirp. II! A MODERN TABLE. There was once a long-headed man, who invented a household utensil rl such general utility that instead of giving it a name, setting forth intelligible idea of its character, he called it simply a good thing.

So proud was he of his good thing that he would not make its existence known in the press. "If people will not come in and ask for the good thing," he would say, "I don't propose to go to the trouble of telling them about it. If people don't know it when they see it, they must suffer the consequences of their blindness." When a mortgage was foreclosed on him a little later, the success, ful bidder advertised the good thing in several papers, and he had difficulty in employing sufficient number of men to fill the red wagons that backed up at his door. The moral of this fable is in the possession of our advertising agent, who will disclose it in all its variegated beauty to all inquirers on receipt of stamp for return post acre. Loads the World.

The following 'premiums were awarded to "King Korn" at the New Era Exposition at St. Joseph. The judges were Levi Chubbuck, of Col umbia, secretary of the state board of agriculture; N. E. Day, of Weeping Water Nebraska, and Conrad Ilertzel of St.

Joseph. First prize of $500 for best dozen ears of corn was given to Adam Rankin, of Olathe Kansas; second prize of $250 to R. llogue, Crete Nebraska: third prize of $123 to J. N. Eoberts, Savannah fourth prize of $02.50 to Robert I.

Young, St. Joseph; fifth prize of $31.35 to J. C. Moore, Pulaski Tennessee; sixth prize of $15 to A. C.

Ware, Oregon Missouri; seventh prize of $5 to iNims Brosi Emerson Iowa. STRAY NOTICE. I have this 11th day of October, 18S9, in Lincoln township, Cloud county, Kansas, taken up as a stray the following described animal. One young bay steer about 18 months old with white mark on his head, white belly, and a white strip about 8 or 10 inches long on the back. Same now on the McDonald farm.

Louis Languin. It is not generally known that the United States has a "Keeper of the Great Seal." Nominally, the secretary of state is the custodian of the seal, but the man ni charge of it is George Bartle. He was appointed a clerk in the state department forty-three years ago, by Daniel Webster. The appointment of the great Daniel seem to have remarkable staying qualities. The venerable door keeper of the senate was appointed a page, by Mr.

Webster and has been an employe of the senate ever since. Atchison Champion. WeAvere seated in the hammock, it was sometime after dark, and the silence growing longer, after each subdued remark. With her head upon my shoulder, and my arm around 'her closs; soon I whispered, growing bolder, "Do you love me, darling Rose?" Were her accents low to answer, all my heart had dared to hope? Ah! I never knew the sequel, for her brother cut the rope. Unchained Poet.

Nebraska is corrupted with unlawful marriages from Kansas, and Kansas is corrupted with unlawful whiskey from Missouri. westGtli st. Dealers in Staple anb 3ranct) rccmes, Que ens ware Glassware Roflpr Bros. Plate! Ware, And Everything Usually Found in a Store ot its Kind. Low HPrices, Best Goods-All orders receive prompt attention.

Bakery in Connection. 1, I 1 umns. While sometimes we are severe yet we are not more so thau the occa sion or event warrants or call3 for (no ring, gang, or clique eveii thinks any exposure "called for' no matter how big the legal(V) robbery, steal or corruption) and never, yet have been obliged to take hack one word of any charge or statement made in our columns and further have never been asked or demand to do so. We try at all times to speak advisedly and of what the people themselves know is truth, hence these tears from 'our pol itical friends(). To assist these reprobates in their nefarious work they keep hired strikers who do nothing mouth in and month out but loaf on street corners, work up schemes of said "gang" and curse and vilify every decent man's character and do a general blackmailing business.

Some day we will call the roll of these barnacles of our city and you'll say we're just right. Will the people of Cloud county be gulled, duped, robbed, slandered, villi-fied and have their characters constantly besmirched by these public curses who do nothing but support the crime lawlessness, indecency and degrading policy of a "gang" who has the first good thing to be tied to their coat tails. Who rules this county? The people or the "gang" with the court following mentioned'? Will the taxpayers continue to be fleeced, the virtuous slandered, the good degraded and such autocrats rule with relentless sway as though free government was a farce. The U. S.

Pish Car at Ooncordia. By appointment J. M. Brumbaugh, fish-commissioner of Kansas, met the United States Fish Car at Kansas City and accompanied it to Concordia, arriving here at 11 p. m.

Thursday night. A team was immediately procured at Barcelo's Stable and the fish, 3,000 in number, conveyed to Lake Sibley. The train instead of stopping at Lawrence, Topeka, Marion and Medicine Lodge, as was intended, came by Emporia and Ottawa. The trainmen were determined to put the fish oil at points east of here but the commissioner said they should not bo put oil until they reached Concordia, let the result be what it would. By the unwiseness and blind foresight of the legislature no money was appropriated for the commissioner's business and he was therefore in the hands and at the mercy of the railroad company.

The own the Ooncordia Mills. I anrgiving a better deal to All than the Mill Company ever gave under the old management. I give more flour to the bushel of wheat. I give more meal and chop to the bushel of grain. I take less toll.

I charge I ess for grinding than ever before, Plainly speaking I am giving all a square deal In every respect My flour is as good and as cheap as any flour sold in the County. Also, please note this fact-Iwill not buy or exchange for poor or unmerchantable grain of any kind. I want good wheat and will pay top prices for same. Chronic kickers are respectfully invited to go to the next mill. If you want to dealon the above plan, I want your trade and want it bad.

H. M. SPALDING..