Transcript
Page 1: Harrisburg telegraph. (Harrisburg, Pa.) 1919-12-13 [p 7] · FISHER RAPS THE COMPTROLLER Slate Banking Chief Regrets His Hostile Atti-tude What is termed "the hostile at.- titude"

FISHER RAPS THECOMPTROLLER

Slate Banking Chief RegretsHis Hostile Atti-

tude

What is termed "the hostile at.-titude" of the Comptroller of theCurrency toward the State bankinginstitutions of Pennsylvania is sharply

criticised by Banking CommissionerJohn S. Fisher in his first report toGovernor William C. Sproul uponhis department's work. The reportgoes into considerable detail in re-gard to the relations between theFederal system and the State banksand trust companies and says that itis a "pleasure to record the cordial

relations existing between the de-

partment and the oilicers of the twoFederal (reserve) institutions" whichhave parts of Pennsylvania in theirdistricts.

The comment is made that thesame feeling obtains between the in-individual banks of the State andFederal systems, but the action ofthe Comptroller in regard to State

institutions is styled ill-advised and Jthe hope expressed that some daysoon the "important office of Comp-

troller will be administered in amore generous and judicious spirit.The Commissioner voices the hopethat the Federal authorities willBoon remove the discriminationagainst State banking institutionswhich he says has produced "justi-

fiable irritation."Commissioner Fisher deals with

the general situation and develop-ments in regard to legislation, nottouching upon the North Penn or

other matters, the comment uponthe relations with the Federal sys-tem being the big feature. In thisrespect it gives the results of matureobservation and of wide investiga-

r?BlLlOUS??"JIfyou have bad taste in mouth,foul breath, furred tongue, dullheadache, drowsiness, disturbedsleep, mental depression, yellow-ish skin?then you are bilious.

SCHENCKSMANDRAKE

MILS vR quickly relieve this disorder, whichn is the result of liver derangementI and severe digestive disturbance.

I Purely vegetable. Plain or Sugar Coated.30 YEARS' CONTINUOUS SALE

PROVES THEIR MERIT.

| Dr. J. H. Schenck & Son, Philadelphia.

End of theCoal Strike

Of course it will take time tomake good the big "hole" in theCountry's coal supply.

Those who have Kelley's jfamous "Blue Ribbon" Coal ap-!predate what it is to have goodcoal at their command. Those \u25a0who haven't will profit by theexperience of the people in the;West.

Just 'phone Kelley before a jblizzard or cold wave strikes!Harrisburg.

H.M. Kelley & Co.1 N. 3rd St. 10th & State Sts.

THE GLOBE

Avoid the LastMinute Rushes

Your leisure time in the eveningsfrom now until Christmas can be pleas-antly and profitably spent at THEGLOBE.

Beginning this evening we will beopen every evening until Christmas.

THE GLOBE

I NOTICE 120 GOOD USED AUTOMOBILESFOR SALE AT BIG BARGAINS

Cash or Time Payments

Cars Ranging In Price From S2OO Up

I FISHMAN MOTORS CO. IBell 5293 104-110 S. 4th St. Dial 2495

Ilarrisbnrg, Pa.PAIGE DISTRIBUTORS

Open Evenings During Sale

SATURDAY EVENINGt

tlon of various situations that havearisen from time to time throughthe course pursued at Washington,which is inferentially contrastedwith that of the Philadelphia and

Cleveland reserve bank officials.The report says in part:

"Part of our State is included inthe Third Federal Reserve Districtin which the Federal Reserve Bankis located at Philadelphia, and partin the Fourth Federal Reserve Dis-trict in which the Federal ReserveBank is located at Cleveland. It isa pleasure to record the cordial re-lations existing between the depart-ment and the officers of the two

| Federal institutions. The admissionI of State financial institutions to theFederal Reserve System und the ex-

i ercise of fiduciary powers by the Na-tional banks has naturally led to anoverlapping of powers by the Fed-eral and State administrative agen-cies. An arrangement of mutualadvantage has been made with theFederal Reserve Banks wherebyjoint examinations are made ofState banks and trust companies be-longing to the Federal ReserveSystem. The plan so far has beencarried out harmoniously and, webelieve, will in the future effect aconsiderable economy, and, at thesame time, relieve membership banksfrom the annoyance resulting fromnumerous examinations. If the Na-tional banks should in the futureenter extensively into the fiduciarybusiness, doubtless some such simi-lar arrangement can be effected forjoint examinations.

"Relations existing between theindividual banks of the Federal andState systems are cordial and har-monious. They are mutually inter-dependent and it is essential to thehealthy existence of our financialsystem that nothing should be per-mitted to disturb this happy situa-tion. The attitude of the Statebanks toward the National banks isbest expressed by the fact that theState banks and trust companies ofthe entire country are said to becarrying on deposit with the Na-tional banks the vast sum of sl,-845,000,000.

"I regret that I am obliged tomake not£ of the hostile attitude ofthe Comptroller of the Currency to-ward the State institutions. In oneinstance in our State he sought touse the extraordinary powers whichwere granted him under war neces-sities to coerce a trust company toconvert into a National bank, underpenalty of losing large railroad de-posits. We believe this was not anisolated case, but was indicative ofa policy to be inaugurated towardState financial institutions generally.This case received wide publicity andgeneral condemnation, as a resultof which this line of coercion wasabandoned. However, the Comp-troller continues to issue, from timeto time, numerous bulletins, which,either directly or by innuendo, reflecton the State institutions. Over thisill-advised action all we can do is togive voice to the feeling of indigna-tion which is common to all Statebanking departments and Statebanking institutions, and await thetime when the important oflice ofComptroller wilt be administered ina more generous and judicious spirit.

"We believo the Federal authori-ties have adopted a short-sightedpolicy in restricting all deposits,over which the Government exercisescontrol, to National banks. The in-justice of this course is keenly feltby State bankers who, through theperiod of the war, gave so generouslyof their efforts and means to thesupport of the Federal Government.Furthermore, the State banks andtrust companies contribute, bywayof taxes, to the support of the gen-eral Government equally with theNational banks. There is a wide-spread feeling that this discrimina-tory action of the Federal authoritiesis designed to drive State institu-tions into the Federal Banking Sys-tem. It is hoped that the Federal

RADWAY*S READY RELIEFFOR ALLCONGESTION and INFLAMMATIONIs Stronger. Cleaner and More Convenientthan the Old Fr hioned Mustard Plasters ?

and Does Not Blister.

IN 30TTLES -OB JELL FORM -IN A TUBEi ALL DRUGGISTS, 35 Cents and 70 Centa

authorities will promptly remove thediscrimination against State bankinginstitutions and thus eliminate asource of justifiable irritation. Al-ready the feeling of resentment overthis matter has resulted in one ofthe States in the enactment of aluw limiting the deposits of all State,covnty and municipal tunds to Stateir.stitutiu.ib.

"The deparament has frequentlybeen solicited tor advice by State in-stitutions as to the advisability ofentering the Federal Reserve Sys-tem. Believing that this is a ques-tion for self-determination, we haveconsistently refrained from influenc-ing such institutions one way or theother. At the close of the year cov-ered by this report 22 State banksand trust companies in the ThirdFederal Reserve District and 15 inthe Fourth Federal Reserve Districthad joined the Federal ReserveSystem.

"The administration of the de-partment during the year coveredby this report was under my prede-cessor, Honorable Daniel F. Dafean.The supreme strain of the war wasfelt during this period. It is grati-fying to record that the State banks,trust companies and other financialinstitutions performed their obliga-tions and functions in a magnificentspirit of patriotism. The depart-ment is endeavoring to collect datafor the purpose of preserving a rec-ord of their activities during the con-tinuance of the war. With only par-tial reports at hand, it is evidentthat the amounts of bonds and certif-icates of indebtedness handled ranInto the billions, and the cost of theservice in connection therewith to-taled many hundreds of thousandsof dollars. Without the machineryfurnished by the hunks the Govern-ment would have been unable Wconduct its financial onthe gigantic scale made necessary inthe conduct of the war. The yearpassed without a single failureamong financial institutions of theState."

Lodge Approves Planof Formulating the

Republican PlatformBy Associated Press

Washington, Dec. 13. SenatorLodge, of Massachusetts, Republicanleader in the Senate, issued a state-ment approving the plan adopted bythe Republican National Committee

jfor a committee on policy to formu-late a preliminary statement on whichthe National convention may base itsformal declaration in adopting a plat-form for the 1920 campaign.

The policy committee would consistof twelve members of the nationalcommittee and forty or fifty othermen who represent different interestsin the country, such as tic farmers,labor, business, etc., to consider differ-ent questions to be dealt with in theparty platform.

"The committee on resolutions."said Senator Lodge, "usually sits twodays and two nights continuously.They work under great pressure. Theyare overwhelmed with all sorts ofcrude propositions hastily prepared,with constant pressure from local andspecial Interests here and there. Theresult is apt to be in many respects,apart from the very leading issues, aseries of more or less contused com-promises."

Profiteering Must BeStamped Out, Capper

Declares in SenateWashington, Dec., 13.?Profiteers in

the necessities of life must be stamp-ed out along with the Bolshevists,Senator Capper, of Kansas, yesterdaydeclared in the Senate. The coal op-erator have contributed their share ofprofiteers, he charged, and he calledupon the authorities to prosecute allmen found guilty to the full extentof the prison sentences now pro-vided by the law.

"The war is over, but speculation,spcilation and plunder are as ram-pant as ever and more daring," Sen-ator Capper said. "Train robbery orburglary is a poor trade by compari-son."

Billiard Contests to EndWith Today's Final Matches

By Associated PressPhiladelphia, Dec. 13.?With the

championship settled, interest in to-day's play at the National Americanpocket billiard tournament centeredin the match between Bennie Allen,Kansas City, and Jerome Keogh,Rochester, N. Y., who are tied forsecond place. Each has won sixgames and lost two.

Only two matches were on thefinal day's program, the other beingbetween E. Ralph Greenleaf, Wil-mington, Del., the new champion,and John M. Layton, Columbia, Mo.All the other players have com-pleted their schedules and the re-sult of this match will have noeffect on the final standing. Green-leaf, who clinched the title lastnight by defeating Edward I. Ralph,Hightstown, N. J., has playedthrough the tournament to datewithout the loss of a game.

U. S. Tug, BelievedLost, Is Reported Safe

By Associated PressHalifax. Dec. 13.?The United States

Shipping Board tug Bison, which wasbelieved to have been lost in the Gulfof St. Lawrence, has arrived safelyat Port Hastings. Nova Scotia, ac-cording to private advices.

Fuel Regulations inMaryland Canceled

By Associated PressIlnltimorc,Dec. 13.?A1l fuel saving

restrictions in Maryland have beencanceled by G. W. Calloway, regionaldirectors of railroads. As a resultBaltimore and the other cities of thestate will go back to normal condi-tions.

THIRD MAN ARRESTEDJames Patterson, 36, of Steelton,

wanted in connection with the at-tempted robbery of the summerhome of Fred Smith, of Steelton,near Cove Station, on Wednesdaynight, was arrested last night, inMarket street, by Patrolman Rick-ert. The other men, James Fisher,150 Adams street, Steelton, and Ol-iver Acy, 132 Liberty street, werearrested yesterday in connectionwith this robbery. Fisher admitshis guilt, but Acy claims that heis innocent.

TO SELECT DEBATERSTeams for the annual debate,

some time in February, will be se-lected from twenty candidates at apreliminary debate at the Harris-burg Academy, on Monday. Threespeakers and an alternate will bechosen from the Roman Club, andthe same number from the Greens.The question for debate is: "Re-solved that the United States gov-ernment should own and operatethe railroads."

I. O. O. E. TO ENTERTAINThe first of a series of sociul en-

tertainments by Harrlshurg lodge.No. 68. I. O. O. F.. will be held in Itshall, 1365 Howard street, next Fri-day evening. Past Grand James Reidwill act as toastmaster.

HEARSES TO BE -

PASSENGER CARS'

Newest Ruling Made in Re-gard to Registration of Ve-

hicles This Coming Year

be considered as

'I Tt| I a commercial mo--1 r X' m'-' ''9

J announced to-day

| by Ben G. Eynon, registrar of the

jState automobile registration division

of the State Highway Department.

Under this ruling such vehicles willhe licensed as passenger automo-biles* Motor omnibuses when usedfor transportation of passengers forhire and vehicles used for haulinggoods of any kind for hire must beregistered as commercial vehicles.

The applications for registration ofautomobiles have been coming to theCapitol at a surprising rate and whenthe tirst shipments of tags start nextweek there will be thousands on tile.

George H. Biles, assisant StateHighway Commissioner, who lias just

jreturned from the convention ofAmerican highway officials at Louis-ville, in a statement issued to-daysaid that Pennsylvania has builtmore miles of modern typed high-ways in 1919 than any other statein the Union." Mr. Biles went, overthe reports of construction of vari-ous states and said that Pennsylvaniais giving more attention to highwayconstruction that will stand up undermodern motor vehicle traffic thanany other state.

Eleven applications for clemencyin cases involving homicide havebeen listed among the 30 on the cal-endar for the State Board of Par-dons when it meets next Wednesday.Two of the cases are first degree,Lazarus Bollin, Lawrence county,and Alexander Dale, Schuylkillcounty, the latter being sentenced tobo electrocuted the last week of thismonth. A number of the other casesare manslaughter.

The Pennsylvania game season willend on Monday night except for afew minor varieties. The bear anddeer season ends at that time andowing to the large kills it is notthought that many parties will beout on the final day. The pheasantshooting has been disappointing insome central counties.

Members of the State Forest Com-mission, who differed at yesterday'smeeting over the question of havingthe meetings of the Commission opento the public will discuss it later withother matters that have arisen inthe Commission in regard to policy.The fire menace act which requiresremoval of growth or conditionslikely to cause spread of fires will beenforced. Arrangements were madeat the meeting for consideration ofa budget system, standard contracts,small forest units for administrationand other matters at the next rte.et-ing. The State Game Commissiongave notice that it would arrange tohave all scattering of poison to re-move vermin so conducted as tominimize danger to wild life.. In ad-dition to ordering purchases of landfor forest reserves in Fulton, Bed-ford, Schuylkill and Berks countiesto protect headwaters of tributariesof streams, the Commission decidedto option 182,000 acres offered by theCentral Lumber Company and lo-cated in 10 counties. Some of thistract is on the Ohio watershed andit is the plan to buy a part and askthe Legislature to vote the money forthe rest. The State reserves willthen be near the million and a quar-ter acre mark.

Commissioner ofLabor and IndustryC. B. Connelley, who has been ill,has gone to Atlantic City for a rest.

The State Highway Department isperfecting a system whereby themain Statg highways which are hardsurfaced and connected up will bekept open for traffic throughout thewinter, especially those which areextensively used by motor trucks totake produce from farms to citiesand towns. This latter lino of trans-portation has had a big d elopmentsince the war and the accompanyingrailrpad congestion began and it isthe idea to utilize not only the de-partment's motor trucks, but someof the scores loaned by the Army andnow stored in this city, to drag snowplows, while road machines andwoodoh drags will also be employed.The department secured line experi-ence in handling snow during the se-vere winter of 1917-18 and 10 snow-plow trucks have been added to the16 now in service. The 225 roadmachines now used in maintenancewill be added to the snow-fightingequipment which will l>e organizedby districts. The department has acaretaker on each section of six orseven miles. In addition the High-way Department is arranging fordaily reports l'rom its superintend-ents on weather conditions.

Two railroads, the first to seek in-corporation in many months, areasking the approval of their charterapplications from the Public ServiceCommission. One is the Salt LickRailroad to operate a rialroad in

Cambria county connecting with theCambria and Indiana branch of thePennsylvania and the other is theWellersburg Railroad which seeks tooperate in Somerset county. An-other interesting application is theapplication of the Mercersburg, Leh-niasters and Markes Electric Com-pany, which has been formed as areorganization of the Conococheague

Electric Light, Heat and PowerCompany. The A. B. Electric Com-pany is asking approval of a char-ter to operate in Altoona.

THEATERS COLLECT TOYSToys will he accepted for admis-

sion from children' at the Majestic, |Colonial or Victoria theaters to-day.Several piles of toys collected at thetheaters at the matinee this after-noon will bo turned over to the ToyMission, 119 South Front street, fordistribution among the poor chil-dren of Harrisburg on Christmas.

HOTELMEV TO MEETA charter will be presented to the

Central, Pennsylvania Greeters' As-sociation. at a meeting in this cityon January 27. The largest gather-ing of hotelmen over held in this icity is expected at this time.

KEMI^MLSAMWill Stop tha,t Cough

GUARANTEED

HARRISBUKG TELEGRAPH

John H. Eby GivenInternal Revenue Post

John H. Eby, Lykens, formerlyCounty Commissioner, has takencharge of offices of the Internal Rev-enue Department in this city, hav-ing been appointed by United StatesCommissioner of Internal Revenue

| Daniel C. Roper. The district in-cludes Dauphin, Juniata, Perry,

' Snyder and Mifflincounties. Deputy

I Collector E. B. Smith is in chargeof a subdivision office for Lebanoncounty, located at Lebanon.

MRS. SARAH REAMFuneral services for Mrs. Sarah

Ream, aged 63, who died at herhome, 2704 Boas street. Pcnbrook,

yesterday, will be held from the res-idence Tuesday afternoon at 2o'clock, and will he private. Burialwill be made in the East Harrisburgcemetery. The body (nay be viewedMonday from 7 to 9. She is sur-vived by thirteen children, as fol-lows: Mrs. George Henry, Mrs. Wil-liam Book, Mrs. Emma Cassell, Mrs.Elmer Rudy, Miss Ida and Miss Jes-sie Ream, William, John, George,

Samuel, David, Harvey and Ray-mond Ream.

An Influrnsnis nn exaggerated form of Grip, LAX>ATIVB BItOMO QUININE Tabletlshould be taken In larger doses .UlanIs prescribed for ordinary Grip. Agood plan is not to wait until you artsick, but PREVENT IT by takingLAXATIVE BROMO QUININE Tab-lets in time.?Adv.

I"The Live Store'' "Always Reliable"

"Be Sure of Your Store"

| IHUslutely all right in every respect if you made tyl

S\vi your purchase at Doutrichs, for that's the store hebuys his wearing apparel, and you couldn't do any- Y/£thing that would please him more on Christmas Daythan to present him with gifts bearing the Doutrich //-/?

label. Rfl

? Furthermore, when you come to this"Live Store" J|g J our courteous salespeople are not "too tired" or "worn out' to IJ| wait on you. In fact, you can't find any other kind of employe here except J

8 { "loyal," "painstaking" employes, who are anxious to serve you at all times, JI but we believe our salespeople are better paid than most store employes? 1I that's why they are always in such a good humor and why this "Live Store" 11 is so cheerful and home-like. 1

111III TO Try This Dependable Doutrich Xa

H Service That Everybody Is yiI :? Talking About :?: :?: :?: y-f

1 J

/11 °"\ilHart Schaffner & Marx,

I Kuppenheimerand

I Society Brand Clothes

1 304 Market Street Harrisburg, Pa.

DECEMBER 13, 1919. 7

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