Claremore Progress. And Rogers County Democrat (Claremore, Okla.), Vol. 21, No. 48, Ed. 1 Friday, January 2, 1914 Page: 2 of 8
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CLAREMORE, O K L A, PROGRESS
5Y SYST
N
M
New Money Law Displaces 122
Year-Old Code.
fS FAR-REACHING IN SCOPE
Moat Important Law Relating to Fl-
nance Paaaed In Many Year*—Es-
sential Featuree of the Meaa-
ure Explained In Nontech-
nical Language.
Washington, Deo. 23.—The new bill
affecting the currency, banking and
finances of the country is oik* of the
most far-reaching measures relating to
rtuance that have been enacted
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
ami grasp the essentials of this Highly
technical measure iu its important
bearings on money, finance, banking
and the entire range of liecal 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 Balleut fea-
tures of the measure as finally framed,
the following summary is given of tbe
bill as a whole and of Its principal de-
fails:
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 la allowed before the government
will compel tbe dissolution of any na-
tional hank that refuses to join.
Will "Take Up the Slack."
Tli& new law will make little direct
change iu the operation of the pres-
ent national banks, except to allow
theia to loan a certain amount of their
fumi upon farm mortgages.
lis chief purpose is to add a new
piece of machinery to the hanking
Bysr.-'tu 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 keep a
certain percentage of their deposits as
"reserves," part in cash iu their own
vaults and part of 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 id 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 hokl In their vaults.
This is to be accomplished through
a chain of regional reserve banks, or
"reservoirs of reserves," in which all
banks t.hall deposit a stated part of
the money they are required to hold
as reserves.
Under the new system, when
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 of 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 is
also provided lor, 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 exceeda 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 aa a reserve behind each note
laaued.
This provision Is expected to be the
influence that will drive the new
money back into retirement when It
la no longer needed.
Clearly Explained.
The following analysis presents the
detaila of the new law without ad-
hering closely to the technical dlvlalon
or language of the measure:
At the head of the system will stand
a federal reserve board at Washing-
ton, appointed by the president, and
to consist of the secretary of the
treasury, the controller of the curren
cy and five othfer members. Two of
these shall be expert bankers, but
none shall have banking affiliations or
own bank Btock during their service
This board will exercise general con
trol over the entire system.
The temporary "organization com-
mittee," or the federal reserve board,
will select from eight to twelve cities
where regional reserve banks 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.1
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 ByBtem.
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 stock
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 mad(> to
member banks, and from the purchase
and sale of bonds and foreign bills of
exchange.
Must Put Up Cash.
Member b^nks will be compelled to
put up in cash only one-half or their
subscription to the capital of the new
banks, the rest can be called for K
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 taxable.
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 bank
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 largo cities, the law provides that
three years may be consumed in shift-
ing those balances and that, if neces-
sary, part of the reserves transferred
to the recional 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 5 per cent, of time deposits Five-
twelfths must be held In the bank's
own vaults for two years a^id four-
twelfths after that. For the first year
two-twelfths muBt be kept In the re-
gional bank, increasing one-twelfth
each six months thereafter until It
reaches five-twelfths of the total re-
servo. For three years the unallotted
part of the reserve may be kept in
the banks of reserve cities. After
that Jme it must be kept either in
the country banks and vaults or in the
regional reserve bank.
IteBerve 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 five-
fifteenths after that time. Three-fif-
teenths must be kept in the regional
reserve bank for the first year, In-
creasing one-fifteenth every alx
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
vaults, or in the regional bank, after
that time In one of the latter two
places.
Central reBei-ve 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 five-
eighteenths in either place the bank
may choose.
Regional Reserve Banka.
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, buvi 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 Buch
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 whleh have been used, or
re 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 United States.
"Notes, 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
FIVE FUNDAMENTALS
OF THE CURRENCY BILL
laaue of currency, guaranteed by
the government, based upon notes
and bllla representing commercial
tranaactlons and uacked by a gold
reserve. The new currency la 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
bank8 of the country and con-
trolled by dlrectora elected by the
banka.
Creation of a market for tha ne-
gotiable commercial paper which
forma the bulk of the aaaeta of the
banka, where, In time of atreaa,
thoae aasets may be eaally and
without loas tranaformed Into caah.
Establishment of from eight to
twelve great regional banks
throughout the country, which will
Issue currency, rediscount paper
and centralize and mobilize the re-
servea of the local banks.
Creation of a federal reserve
board of seven members appointed
by the president, with final powers
of control and supervision over the
entire system.
BRIDGES AND TELEGRAPH LINES
BETWEEN VILLA AND JUA-
REZ DESTROYED.
HOW DISPUTED POINTS WERE ADJUSTED
The following changes affecting points at difference between the
senate and bouse were made in conference:
Comptroller of currency and secretary of agriculture retained as
members of organization committee.
Comptroller of currency made ex-offlclo member of federal reserve
board and total membership retained at seven and the term of office fixed
at ten years.
Alaska excludpd 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.'' as 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 shall 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 member 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 noteB aa part of reserves of member banka
stricken out.
At least one-third of the reservea of the country banks must be held
In the vaults of local banks.
House provision for collections at par practically reatored, banka to
be permitted to collect only actual expenses.
Retirement of 2 per cent, bonds aggregating $300,000,000 within 20
yeara provided for as againBt retirement of $126,000,000 In senate bill.
Gold reserve behind the notea 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 lastead of one to Ave years.
Reserve board can liquidate or reorganize reserve banks
Compensations for directors, officers and employes of federal reserve
banks shall be subject to the approval of the federal reserve board.
Recess appointment* to reserve board shall expire 30 da.va after the
following session of congress opens.
Net balance of amounts due to and from other banks shall be taken
as the baals for ascertaining the deposits against which reserves shall be
determined.
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 noteB, 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 De printed by the gov-
ernment. with a distinctive style for
each regional reserve bank. One of
the three directors named by t.he fed-
eral reserve board for each regional'
bank will be known as the "federal re-
serve agent" for that bank, ac<? a sup-
ply of the notes will be traced in bis
custody.
Should a regional banlc desire to
pay out more money tliau 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, beBides
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 chargeB member
banks for rediscounts. This was de-
signed to 8top 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 noteB 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 tbe national bank notes
will be disturbed by the new law. Tha
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 exer-
cise final control over the entire op.
eiation of the system. It can compel
oie regional bank to loan to another
In time of need; can suspend all re-
sections surrounding the reserves
w«lch regional banks must hold, and
ca^ remove directors of regional ro-
se, ve banks whenever it is believed
necessary.
Uanks In Control.
While the banks retain control of
th * boards of the regional reserve
bulks, their connection with the fed-
eral reserve board is only through
au advisory council, made up of on*
representative from each federal ra-
sft/ve district. This council will meet
In Washington to confer with the fe< -
eial reserve board "on general busi-
ness conditions" and to make rec n-
mendations and suggestions concern-
ing discount rates, note Issues, and re-
stive conditions.
An important change in national
banking methods embraced in the new
.lorn will permit all national banks ei-
c*H those In New York, Chicago and
8C Louts to make direct loans on five
year farm mortgages up to 25 per cent
or their capital and surplus, or up to
one-third of their time deposits.
Another provision in tbe law per-
mits national banks having a capital
of 11,000,000 or more to open foreign
branches. Similar authority Is given
to the regional reserve banks, the pur-
pose being to facilitate tbe develop-
ment of American trade abroad.
ATTEMPT TO HANDICAP REBELS
Constitutionalists With The Larger
Force Prepare For Battl*.
—Planning Attack
on Torreon.
Juarez.—A flying wedge of federal
troops swept into rebel territory and,
adopting the tactics of guerilla war-
fare, began a campaign to destroy rail-
road bridges and telegraph lined, ac-
cording to rebel reports.
Their first act was to cut off com-
munication between General Francis-
co Villa's 6,000 rebels at Chihuanua
and the rebel base at Juarez. By
pulling down telegraph wires south
of Juarez, the federal temporarily iso-
lated Villa in Chihuahua so far as
direct communication was concerned.
The small federal band went out
from Ojinaga on the border and was
believed to have been commanded by
General Ynez Salazar who 1b well sea.
soned In guerilla warfare. The fed-
eral plan as understood by the rebel
chiefs Is to operate extensively over
northern Mexico and by working in
circles to destroy all property that
might be of use to the rebels with-
out engaging the latter in a fight. Ac-
cording to report Salazar's men were
headed for the Casas Grandes district
west of the railroad running from
Juarez and were Intending to burn
houses and other property. In this
district are located comparatively rrch
agricultural and grazing fields, culti-
vated by Mormon colonies. Most of
the Mormons have left.
Property Destruction Expected.
The rebels believe the federals will
form nothing more than a fugitive
band, destroying what property they
can reach and disappearing before
they can be overtaken. Extensive de-
struction of railroads and telegraph
lines would handicap the rebels but
so far no serious damage has been
done as the wires between Juarez and
Chihuahua soon can be repaired.
Rebel headquarters held to tbe be-
lief that Salazar took only a small
part of the federal army from Ojina-
ga. It also was said that Salazar, af-
ter crossing the rebel's line of com-
munication and temporarily crippling
it, might never again be heard from.
Salazar had only what are known as
federal volunteers, who might return
to civiliau life.
Testimonial From
High Authority
w
Mrs. Wilson of Nashville, Tenn„
is famed the world over for
her wonderfully delicious cakes.
They are shipped to all parts
of the Globe for special affairs
where the best of Cakes sore
demanded.
This year, as in former years,
Mrs. Wilson enjoys the distinc-
tion of making the President's
Christmas Cake, using Calumet
Baking Powder.
nRs. Wilsons Baking Motto is:
1 "To have complete success with
Do failures, care should be used
in selection of Baking Powder."
CALUMET
BAKING POWDER
Some little time ago I made a careful study and investigation of fce ,
baking powder subject and I feel fully repaid. I am firmly convince/'
from the results I have received that there is no baking powder to
J9, for wholeeomenese and economy, and I also recommend
Calumet Baking Powder for its never failing results.
December 9, 1913. Mrs. Betty Lyler Wilson.
Calumet also received the Highest Awards at the World's Pure Food
Exposition, Chicago and Paris, Fiance, 1912.
Buy a can of Calumet Baking Powder at once, and use
it in your Holiday Bakings, making your Christmas Cakes
as good as the President's.
WOULD HAVE THEM HANDY
Married Man's Explanation of Large
Order Will Be Understood by
Many 8imilar Unfortunates.
Villa Haa Larger Force.
The total federal strength is about
4,000 soldiers, the bulk of whom are
at Ojinaga while with more than 10,-
000 men Villa controls almost all the
whole of the country north of Torreon
and west of Monterey.
The last report from Villa was that
he was sending men and supplies
toward Torreon in preparation for an
attack on that city. As the federals
from Torreon had not opposed the
rebel advance, General Villa's plan
was to implant his men strongly and
In numbers near that city before at-
tacking it.
A train which left Chihuahua for
Juarez before the telegraph was in-
terrupted has not reached this city,
although it was not believed the road
had been torn up.
MRS YOUNG VICTORIOUS.
Coming to Herself.
On one occasion Dr. Francis War-
der was trying to bring back to con-
sciousnesa a woman who had had a
paralytic stroke. HiB efforts seemed
likely to be In vain. For a long time
her utterances were only the ravlnga
of delirium, but all at once she sat up
is bed. and, looking straight at Doc-
tor Warner, ahe cried out: "Ob, you
fanny old man!" "Ah," said Doctor
Warner cheerfully, now she's begin-
Bias to talk sense! "—Pearaon's Weeh-
Another Evil.
Willis—"I see a fellow In New York
took out $250,000 insurance on $200
worth of goods." Gillis—''That's
nothing. I know a lot of fellows who
carry $25,000 life Insurance on a 30-
cent Ufa."—Puck.
No Favorites.
Definition of a boarding houae straw-
circular
every point in which perimeter Is
equidistant from the etrawbany.—
Everybody's Magazine.
Wants 8oldiera to Swagger.
Soldiers ought to awaggeY according
to the colonel of the One Hundred and
Sixteenth regiment, which is located
at Vannes, near Lorient, France. He
haa issued a special order to be read
In every company of hia command,
which reads as follows: "A soldier s
uniform Is only comely when it la
worn with pride, even with swagger.
Under these conditions It Is Incompar-
able. Try to be chic, aad while yoa
are la the army, at least pat some
keen Into youraelt"
Valuable Hint From Germany.
Many industrial Anna In Germany
provide their workmen aquare piecea
of cloth for cleaning purpoaee Instead
of the cotton waste that is uaual her*.
The scheme has the advantage of eco
omy.
She Has Here.
"I aee. Mary, that la oar city there
Is one policemaa for every 511 inhabi-
tants,' said the lady of the heua
"Don't know, and don't ears," was tha
Maid's reply. Tve get aalae already."
Chicago Woman Again Superintendent
of Public Schools.
Chicago.—Mrs Ella Flagg Young
was voted back Into the superintend
ency of the Chicago public schools
after a stormy session of the board
of education. Seven members refus-
ed to vote on- the ground that the
board had no power reconsider the
election of John D. Shoop, assistant
superintendent under Mrs. Young who
had been elected her successor. Con-
tention also was made that the four
new members of the board named by
Mayor Harrison to replace four vhoss
resignations he bad enforced wero
not entitled to their seats.
The action of the board in remov-
ing Shoop and replacing Mre. Young
at once will be challenged In court,
it waa announced by the opposition.
Mrs. Young'a failure to be re-elected
two weeks ago by the school board
roused a storm of popular Indignation.
Lindaay Farmer Killed by Friend.
Lindsay.—Buck Story, J2 yeara of
age, unmarried and son of W. R.
Story, prominent stockman and farm-
er of this vicinity, was shot and kill-
ed instantly at the residence of Joe
Myers, farmer, living two milea east
of Lindsay. A load from a shot gun
entered the back of his neck. After
the killing Myers went to the sheriff's
office at Pauls Valley and surrendered,
confessing to the crime. Myers; how-
ever, refused to talk concerning the
shooting and officers are at a loss
to understand the cause.
Preeident Departs en Christmas Trip.
Washington. — President Wilson,
With Mrs. Wllaon, their two daugh-
ters, Misses Margaret and Eleanor,
Miss Helen Wood row Bones and Dr!
Cary Grayson, nayal aide, left Wash-
ington for Pass Christian, Mia^ to
spend Christmss. The president
eluded the crowd which had gathered
at the atation to see him depart by
hoarding his private car aa hour be
fore the scheduled time for Its de-
parture. He win retara to Washing-
ton la tlaee for the diplomatic recap
tioa Jan. IS.
A briek Individual with the accumu-
lated look of 20 winters of married life
entered a hardware shop and without
waiting for preliminaries asked:
"Do you keep hammers here?"
"That is our specialty, sir."
"Put me down for a dozen. How
about screwdrivers ?"
"Our great feature. Patent reversi-
ble or plain edge?" ^
"Give me a dozen of each; if you
have any other varieties I'll take 'em,
too. How about gimlets?"
"You are now mentioning our pet
product. All styles."
"Give me all styles—long, short, me-
dium, thick, thin,' from the size of
needle to a pickax. Saws?"
"Of every description."
"I'll take 'em—say half a dozen or
so—cross-cut, plain, round and square.'
"It's down, sir. Can 1 interest you in
nails?"
"You can indeed. I'll take some -9f
all that you have, put up in separate
packages; also tacks, brads, screws,
rivets, staples—everything. And
want hooks, every hook you have, big
and little. Also—"
The clerk leaned forward.
"Pardon me, sir," he said. "You
seem like a sensible person. Unless
you are opening up a business, I am
at a loss to understand your require-
ments."
"It is perfectly simple, sir," said the
brisk person. "I have been married
for 21 years, and not once since the
ceremony have I been able to locate a
single implement when I wanted to
put up a calendar or do any other nec-
essary thing about the house, and the
next time there is need of anything
done I am going, so far as human fore-
sight can provide for It, to have the
means instantly to put my impulse in-
to play."—Life.
Of Contradictory Weight.
"What does you understan' by 'cir-
cumstantial evidence?'" asked Mis
Miami Brown.
"As near as I kin splain it, f'um de
way it has been splalned to me," an-
swered Eraemus Pinkley, "circum-
stantial evidence is de feathers dat
you leaves lyin' round after you has
done et de chicken."
Slow to Realize.
"My dear," said Mr. Bickers to his
wife, "I saw in the papers today a de-
cision of a Virginia court that the wife
may, in some cases, be the head of the
family."
"John Henry," reolied Mrs. Bickers,
"the courts are sometimes very slow in
finding out things!"—Puck.'
Bad Form to Be Amazing.
There are no posers on the grand
scale now. Our musicians have short
hair and plaj golf. Authors cannot
be distinguished from ordinary men.
Art students are abandoning their J
amazing clothes. Even poets hava
given up poetical locks, and instead of
writing pretty fancies worry us with |
poems of the outspoken natural school.
Music is in tweeds, literature is in
navy blue, and poetry is in a bowler
hat. Apparently there is no chance of
any return of affectation. The world
becomes more natural every day, and
every hour some neglected pose dies
a natural death. There are no startling
and picturesque figures. The glitter-,
ing Whistler was the last of the artis-
tic masters to pose, the last man will-
ing to spend an hour before a looking-
the last man—to use his own
word—who could be called "amazing."
For now it 1b bad form to be amazing,
and eVery one is expected to be as In-
significant as possible. The only af-
fectation left is the affectation of be-
ing natural. And there-- uld not be a
duller one. f~
Poste, Up or Down?
The agricultural experiment station
of Ohio has been making some tests
as to which end of a post should be
set In the ground. Farmers generally
believe in planting It with the butt
or root end upward, on the principle
that, as It Is easier for the sap to run
up the tree than down it, setting the
post upside down tends to prevent the
rise of water and helps to keep the
wood dry. #
The^hio officials planted 156 black
locust posts 20 years ago. One-third
of those set top down have rotted1 off
and only a little more than one-sixth
of those set top up have met a similar
fate. They reach the conclusion that
there is no difference which end la
put into the ground, except that the
iounder or longer end should have
the preference.
. Sensible Realization.
Quinn-rWhere is the young poet
these days?
De Fonte—Doing wall. Always has
a collar and wears a new suit. He's
realized something.
Quinn — Sold some of • his poems,
eh.?
DeFonte—No, realized that he Is
not a poet and got a job as book-
keeper.
your
Plain Prophecy.
"What did the doctor tell you today
about old Uncle Jake'a condition?"
"He was telling us that his mean
temperature was—"
"Telling you about his mean tem-
perature, waa he? That'a no newa.
Everybody who knows Uncle Jake
knows that he hasn't anything about
him that isn't mean."
Ha Got It.
"The doctor told Hobba that he
must take longer Teat, so be bought
himself a racing automobile."
. "Did that bring him rest?"
"Oh, yes. He's In a nice, quiet hos-
pital for three months now."
Modifications.
"Your speeches indicate that your
▼lews have changed."
"Not exactly. My constituents'
▼lews have changed, and I aa keep-
ing in touch with the wisdom of the
plain people."
Recreant Auditor.
"You went to sleep during
wife's speech."
"Yes," replied Mr. Meektou. "Hen-
rietta has been rehearsing that a^orh
for a week. I told her I had better
not come here. I knew something like
this would happen if she couldn't shout
'Are you listening, Leonidas?' every
now and then."
Cranky 8peedera.
Tjark—Ever notice these motorlata
winding up their machinea in frontT
Every auto must carry a crank.
BJenks—Yes, from the way somo
motorists yell at pedestrians some
autos must carry two or throe
cranks.
A Marvetoue Lingular
"Dobba will never let himself be
downed by anything."
"For instance?"
"He waa reading a newspaper out
loud the other day and when he came
to a pled Une he translated It without
a moment's hesitation."
Homo Finance.
"Wombat, loan me five dollars. It's
for an investment that yon are in tar-
es ted in."
"What Investment of yours am X In-
terested In?"
"My daughter wants to buy a birth-
day present for your soa."
Dorcas—Toe aa? the bare was dfe-
appofated in love?
Dorothy—Tea. He thooght that aft-
er marriage his tatkerta-law would
Uncomplimentary.
Hicks—Your wife haa no aense of
humor.
Wlckb—You never saw her. How
do you know?
Hicks—She married you.
Pure Waste.
"Much of our coal energy goeo to
waste. Many economic pcoblema a till
bafle science."
"That'a right. And no use has yet
been found for old porous plasters and
hunt matches."
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Claremore Progress. And Rogers County Democrat (Claremore, Okla.), Vol. 21, No. 48, Ed. 1 Friday, January 2, 1914, newspaper, January 2, 1914; Claremore, Oklahoma. (https://gateway.okhistory.org/ark:/67531/metadc181428/m1/2/: accessed March 28, 2024), The Gateway to Oklahoma History, https://gateway.okhistory.org; crediting Oklahoma Historical Society.