The Mexia Weekly Herald (Mexia, Tex.), Vol. 13, Ed. 1 Thursday, May 16, 1912 Page: 2 of 4
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THE HERALD
1M-
Published Every Thursday.
N. P. HOUX,
Editor and Proprietor.
SUBSCRIPTION
One Year, ,. ..
Six Months, .. ..
Three Mouths, ..
RATES.
.. .. $1.00.
50.
Entered as second-class matter
March 5, 1908, at the postofflee at
Mexia, Texas, under the act of Con-
Kress of March 3, 1S79.
ADVERTISING RATES.
1 Page 1 Issue $12.00.
Each Subsequent issue, .. D.00.
Va I'age 1 issue 7.50.
Each Subsequent issue, .. 6.00.
*4 Page 1 issue 4,50.
Each Subsequent issue, .. 3.50.
Less Than One Quarter Page.
For first insertion—per inch 20c.
Each Subsequent issue—per inch
15 cents.
Readers per line—each issue 5c.
Discounts on yearly contracts.
ALABA
mT
FOR BANK
FORM.
RE-
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WHAT IS A
The deposits in the banks are
1 • billion dollars.
The money in the banks
amount to 1 1-2 billion dallars;
the money outside the banks, 2
billion—3 1-2 billion of money in
the whole country.
Hank deposits, then, are more
than 10 timesi as lange as ithe
bank\ money holdings; they are
nearly 5 times as large as the to-
la 1 srtock of money in the coun-
try. For every dollar the hanks
owe their depositors ithey have
less than a dime in money. The
savings hanks have less than one
<-ent in money for every dollar
they owe their depositors.
Hank deposits are not money.
What, then, is a bank deposit ?
Only one dollar in twenty of
the deposits theX banks receive
every day (they run about a bil-
^icn a diay) are in money. All
the rest, are in the form of or-
d rs or promises to pay, money.
If you go to your bank and
borrow $1,000 the bank credits
you with $1,000 on its books.
This is a deposit. If you draw
a check against this deposit for
$1,000 to pay the mortgage on
your home, fcht .nan who gets
your check puts it in his bank.
J This is a deposit.
If you arc a manufacturer, you
get from a customer, in payment
for goods', his written promise to
pay you the amount in 90 days.
^ U put this note in your bank,
Which credits you with the
amount, less interest. This is a
. deposit. Or, you draw an order
<*0# your customer to pay you the
..-'iHtfrfjnt in 90 days; he "accepts"
the <,1rafi; you put* it in your
bank. This is a d<posit.
In such ways tlie great bulk of
bank deposits arise. Modern bua-
makes actual money of less
and less importance in the ex-
change of good# between produc-
ers and consumers. Nine-tenths
of all our business is now done
with bank credit.
I The farmer who hasi wheat and
wants/ to buy shoes and meat gets
the currency with which to make
his purchases by getting a bank
deposit against his wheat. He
gets this deposit by a loan on
the wheat as security, n? by sell-
ing to the bank the written evi-
dences of payment to be made to
him for his wheat.
The great bulk of hank deposit
represent*, in fact, the coining of
property into currency. A de-
posit is> a liability of the bank—
it is a sum the bank owes the de-
positor. The chief resources of
a bank are. in addition to the se-
curities it has purchased for in-
vestment, the loans it has inadfc
<>n property (especially goods
moving in the channels of trade),
which are soon to be paid by the
borrowers.
No bank > ever in a position
to pay any large number of its
depositors on demand veash in
full But every sound hank in a
sound banking system has its re-
sources in such form that it can
obtain cash on short notice to
meet the most extraordinary de-
mands of its depositors.
Every great commercial nation,
Willi the exception of the United
Slates, has provided a means
whereby sonnd banks can always
emivert prime assets into eurfen-
Hon. Oscar W. Underwood,
Chairman of the Ways and Mean
Committee of the House of Rep-
resentatives, is committed to
banking reform, so far an the
platform adopted by the Alabami
State Convention can commit
him. A plank in that platform,
adopted April 17, reads:
"We believe the honest farm-
ing, business and working classes
of the country could be largely
relieved from panics and conse-
uent unemployment by a .Dem-
ocratic revision and codification
of our antiquated banking laws,
which would create an elastic
banking system and preserve our
independent banks from any
dominant financial or political
control."
No Democratic statesman with
presidential aspirations has yet
made a direct and specific decla-
ration on the vital question of
banking reform, with the excep-
tion of Mr. Underwood. The
Alabama platform is a fair re-
flection of the sentiment in the
South.
-o-
A Texas brand on an article
should be an unusual attraction
to the consumer for it stands for
home product.
o
The Merchant who is contem-
plating a trip to Northern mar-
kets to Buy goods should get in
touch with Texas markets for by
so doing he will save a lot of
time and money. |
o
The summer school at the Ag-
ricultural and Mechanical Col-
lege of/ Texas this year will be
fur teachers only. Heretofore
some of the students of the Col-
lege have been given a chance to
make up back work during the
summer,..but in order to devote
all the time to the teachers who
will attend the summer normal,
the College authorities will open
the summer school to no others
than teachers.
The laws of England, France
and Germany provide for fre-
quent .revision of the statutes gov
erning banks. A fundamental
law in Canada is that the bank
laws revisited every ten years.
The purpose is to have the laws
meet the changing conditions of
business. The national bank ct
of the United States stands prac-
tically as it did when passed in
1863. Commercial business is
struggling to progress under an
obsolete banking law.
—o
PATRONIZE HOME
INDUSTRIES
Dr. W. B. Phillips of the Uni-
versity of Texas in discussing
our Home Industries before the
Texas Welfare Commission in
Houston last week, presented
with vivid accuracy a terrible
arraingment of Texas consumers
for their failure to patroniae
home industries.. Our indiffer-
ence to Texas-made goods has
caused struggling industry many
a heartache and has forced our
Texas producers to seek foreign
markets at considerable expense
and embarrassment.
There is no more pitiful sight
than a sihiipmcnt of Texas made
goods on its journey to the for-
eign market meeting a similar
consignment from an eastern fac-
tory on its way to the Texas
market. Patronize home indus-
try.
TEXAS INDUSTRIAL NOTE
The Railroad Commission re-
cently approved bonds to the
amount ot' $220,000 for I ho Hous-
ton & Brazos Valley Railroad.
These bonds are to be used to
complete a. railroad from Velasco
to Anchor.
Grading work has begun on thi
Hillsboro-Dalllas iuterurban at
Hillaboro.
The Peerlses Fire Insurance
Company has been organized at
Waco with a capital stock of
$500,000.
The stock holders of the Gun-
ter Hotel at San Antonio have in-
creased the capital stock from
$375,000 to $500,000 for the pur-
lii o of improving the notei.
The American Iron and Steel
Company of Jefferson has been
gran/ted a charter, capital stock
$300,000.
The Beeville citizens have rais-
ed a bonus of $40,000 to insure
the San Antonio, Rocbport &
Mexican Railway thit is building
through that city.
The $75,000 road bonds issued L
at Lewisville have been sold, and
the contract let and work will
begin soon on the roads.
Plans are being considered by
the Engineers of Fort Worth and
Dallas for a piked highway be-
tween the two cities.
A bill has been introduced in
Congress asking for an appropria
tton of $2,000,000 for a National
Highway to extend front Canada
to Galveston.
Upshur County recently voted
to build .100 miles of good roads
in that county.
I The Advertising Club of Balfi-Ijjj
lore expects to take the largest ifIf —
Fort Worth Life insurance Co.
Fort Worth, Texa5.
/
Commenced Business May 1906
A Texas corporation; owned by Texas people, controlled by and
complying with all Texas Laws and writing insurance only in Texas.
It accepts only preferred risks. Its capital and surplus are unimpaired.
More than the reserve to protect the policy holders is on deposit with
1
the Commissioner of Insurance and Banking of Texas. Its policy con-
tracts afe simple and liberal. Its rates are as low as good insurance
may be written. It has never contested, scaled or delayed the pay-
ment of a claim. We write about 20 different policies—no trouble to
show them.
' -■ . "v'':
For rates and further information cut out the coupon below and
mail it to Altus Wilder, District Agent, Mexia, Texas. <
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Fill Out and Mail Today
Name,
Age.
Occupation.
Post Office
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IIS
more expects to take the largest [13!
number of delegates of any city 853
s, I J ft 1
in the Union to Dallas in May ||Jj
to attend the convention of the
Associated Advertising Clubs of
America,
Work will start soon on dredg-
ing the slip at Port Bolivar to a
depth of thirty feet. The dredg-
ing will coftt $40,000.
Bonds to the amount of $150,-
000 have been voted at Corpus
Christi for street paving.
Through the efforts of the San
Antonio Chamber of Commerce
all the Civic organizations of
that city have been united* and
now form a par of that organi-
sation. '
Through the efforts of the
Commercial Club, Slaton is to
hold a big celebration on June'
15th in honor of the town's first
birthday.
A Civic League was recently j
organized at Tioga.
The Klam Building & Realty'
Company of Houston
ALTUS
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District Agent,
WIL D E R
Mexia, Texas.
A LECTURE
The Hon. Marero Herring of
Groesbeck addressed a select and
appreciative audience at the
Philo Club rooms last evening.
The subject of his lecture was
the Panama Canal, and was han-
dled in a easterly manner. Mr.
Herring litis recently been on a
tour of inspection through the
Isthmus of Panama and the ea-
Banking Reform.
Letter From Mrs. Goforth
Mrs. Z. E. Goforth, 2119 Holly
street, Kansas City, writes: "Af-
ter using a sample bottle and two
25-cent bottles of Hunt's Light-
ning Oil, I am almost well of Ca-
tarrh. It stops my headaches. It
is the best medicine I ever saw,
T can't .just keep house without
it." She is right.
nal zone, having spent ten days
has been r.. , , . ... . . ,
< in .close touch with the mecli.ant-
chartered with a capital stock oil , , • . „
1 >val and engineering forces em-1
$100, < by our government,
_ " „ _ - j in visiting other places of inter-
The Demons of the Swamp . . ,. . , ...
. lest immediately connected with
are mosouitoss. As they sting f., . . . Tr
' „ , . ' . [the (anal environments. He
they pnt deadly malaria germs in | ., . .
• 1 * i waid it would pay any one to
the blood. Then follow the icy
chills and the fires of fever.
The appetite flies ant! the f
strength fails; also malaria often!
paves the way for deadly ty-j
phoid. But Electric Bitters kill)
and east out the malaria genns
from the blood; give you a fine
appetite and renew your strength
"After long suffering," wrote
Wm. Fretwell, of Lucama, N\ C'.,
"three bottles drove all the ma-
laria from iny system, and I've
had good health ever since."
j 550 there on a visit, that he was
I glad he went, and glad lie got
back to Limestone County."
His diseription of the agricul-
tural, financial artd social pondi-
i tions of the country were char
and instructive. Mr. Herring lec-
tured under the auspices of the
j Friday Afternoon Club, the club
; ladies were commended by the
! speaker for their broad minded
j course of study, and are to be
|congratulated j that they were
! able to secure such efficcicnt
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and
Best for all stomach, liver and .
kidney i# . 51* al II. C. Hollo™, '""'e
TO THE PEOPLE
In as much' as we are out of
funds, we urgently appeal to you
for a liberal donation, for the
care of Our Cemetery. We are
having the cemetery cleaned out,
an<? will need about $100.00 to
complete the. work, which was
badlly ne«ded,
Very Respectfully,
Cemetery Association,
Per. T. A. Grifith, President.
) April 2!>lli l!)12.
was furnished by Mr. Herring.
We hope the club reporter will j
give a more comprehensive de-
scription of this enjoyable intel- j
leeturtl feast in an early issue of
our paper.
.1. E. MeKeun. 1H01 Cleveland
St., Wiehii'a Kansas, reports: "I
suffered from kidney trouble, ha<
severe pains across my back, and
was all played out. I began tak-
ing Foley Kidney Pills and soon
there was a decided improvement
Finally the pain left entirely and
I am fully cured of all my kid-
ney trouble."
1 •
Buggies! Bviggies!!
We have just unloaded Two Cars of the
latest. 1912 Styles and the best values ever
bought for the money. Prices from $50.00 to
$125.00. Be sure to call and see us before you
buy.
t
♦Jacksorv Bros. Co.
Take.The
T. (Si B. V.
North or South
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And You Will Make No Mistake
For any information see
T. W, Burns, Agt
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Houx, N. P. The Mexia Weekly Herald (Mexia, Tex.), Vol. 13, Ed. 1 Thursday, May 16, 1912, newspaper, May 16, 1912; Mexia, Texas. (https://texashistory.unt.edu/ark:/67531/metapth302384/m1/2/: accessed July 18, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu.; crediting Gibbs Memorial Library.