anaheim-gazette 1909-04-01

Put This Stove in Your Kitchen It is wonderfully convenient to do kitchen work on a stove that's ready at the instant wanted, and out of the way the moment you're done. Such a stove is the New Perfection Wick Blue Flame Oil Cook-Stove. By using it you avoid the continuous overpowering heat of a coal fire and cook with comfort, even in dog-days. The NEW PERFECTION Wick Blue Flame Oil Cook-Stove is so constructed that it does not add perceptibly to the heat of a rook. It differs from all other oil stoves in its substantial CABINET TOOL with shelf for warming plates and keeping cooked food hot, and drop shelves for holding small cooking utensils. Has every convenience, even to bars for towels. Three sizes. With or without Cabinet Top. If not with your dealer, write our nearest agency. The Rayo Lamp is the ideal lamp for family use—safe, convenient, economical, and a great light giver. If not with your dealer, write our nearest agency. Standard Oil Company (Incorporated) Low Rates Easy ROUND TRIP Via Southern Pacific SALE DATES—May 15, 16, 20, 21, 22, 31. June 1 to 4, 14 to 19, 25 to 27. July 1 to 7, inclusive. August 9 to 13, inclusive. Sept. 7 to 10 and 13 to 15, incl Return limit 90 days from sale date but not later than October 31, 1909 Some of the rates are: Chicago.....$72 50 St. Louis..... New Orleans.....67 50 Memphis..... Omaha.....60 00 Kansas City..... St. Paul.....73 50 Toronto..... Montreal.....108 50 Boston..... New York City.....108 50 Philadelphia..... Baltimore.....107 50 Washington..... Minneapolis.....73 50 Also to other points not specified above. Stop-en route and your choice of routes going and re-ing. One way via Portland, $24.50 higher. Steamship Tickets to All Parts of the W You that are contemplating trips abroad, me as early as possible, account of space or steamers being taken early this season. For further information call up Southern Pacific Steamship Tickets to All Parts of the World You that are contemplating trips abroad, me as early as possible, account of space or steamers being taken early this season. For further information call up Southern Pacific Sunset Main 188 or Home 1724 J. M. PICKERING Agent, Ana All Star Colored Artists Pretty Dusky Belle and 10 Comedians A TRIP TO AFRICA ANAHEIM OPERA HOUSE Sunday, April 4, 19 Fun Fast and Furious Singing and Dancing Gala Grand Street Parade by Uniformed Brass Band & Entire Reserved Seats Selling Fast Secure them at One Reserved Seats at Candy Kitchen, 75c and 50c; Child We take eggs in exchange at the highest market price. Stern & Goodman. Fine Tourist automobiles or will exchange for vaca Vossbeck. STUDENT’S CLEVER ADDRESS POINTS AGAINST POSTAL SAVINGS BANK SYSTEM Argument of Raymond Nebelung at High School Debate Which Won First Honors—Shows Proposed Innovation Would Not Be Successful At the debate on Friday evening between A.U.H.S. and L.A.H.S., the honors were carried off by Raymond Nebelung of this city, who supported the negative side of the argument. While the decision of the judges was in favor of the affirmative, they awarded Nebelung first place among the four debaters. His address was characterized by hard-headed reasoning, and his diction and delivery were excellent. His argument was in part as follows: The sentiment in favor of a postal saving bank system is promoted by a most commendable desire to furnish absolute security to the small depositor, who, by resolution and self-denial, has saved up something for old age or a rainy day. The interest of the state and community in such accumulation is perfectly apparent, and the importance of having in every locality convenient and absolutely safe depositaries for them is too evident to require lengthy argument. There is scarcely any experience through which a community can pass that is more distressing and disheartening than the failure of a bank which involves wiping out the savings upon which hundreds of men and women are relying for the needs of old age. There is scarcely another service which modern society can render to the masses that is advantage to the immediate These deposits would come per cent to the deposit would be a direct loss because higher rates could be organized there further development of Without money a common mains at a standstill. No infused into a community fast as money is produced mediately despatched to center. Money produced in home stimulates trade new industries, gives empathy and prosperity to many and produces at home and where, drains the vitality producing section and goes in return. We should be that national banks which rely banks open to nation and leave the only one of the government dare make loans on The farmer has nothing tate to offer as security money is taken from him government and placed where be used by his profession. The last report of the of the currency shows the deposit in savings bank been over $3,000,000,000; there is no probability that money would be transferred postal savings bank, but er hand there are many state and private banks be attracted to the strong box, and thence national banks, to the savings banks, while doing a very helpful buveloping new territory caring for the accumulated regions. If we this system would me solutely safe depositaries for them is too evident to require lengthy argument. There is scarcely any experience through which a community can pass that is more distressing and disheartening than the failure of a bank which involves wiping out the savings upon which hundreds of men and women are relying for the needs of old age. There is scarcely another service which modern society can render to the masses that is more helpful and stimulating than this of encouraging the saving of small sums. It does not however follow that the U.S. federal government is the agency best qualified to assume this task. The idea of a savings bank in the postoffice department comes to us from Europe, and it has not been closely scrutinized as to its adaptability to conditions here. It has three features which recommend it, namely, cheapness of administration, the convenience to the public of an office in each postoffice, and the security of the government obligation. For European countries there is another consideration: it furnishes a large market for government loans. There are reasons why the postal savings bank is not as suitable an institution for the United States as for Great Britain, or for the other countries where it has worked successfully. These reasons have their basis mainly in the territorial extent of this country and the differences that exist in the wealth and industrial development of its various sections. The injury that would result to this country from having a considerable portion of its capital drained from the outlying districts to a center for investment in a limited line of securities, is deserving of very serious consideration. Great Britain is a small country compared with the United States, and every part of it, besides being reasonably well supplied with local capital, is not far distant from the financial metropolis, but the disadvantage of the withdrawal of savings deposits for local use is seen even there. The deposits from England, Scotland and Ireland are drawn to the financial center, London. The effect postal savings bank, but er hand there are many state and private banks be attracted to the strong box, and thence national banks, to the savings banks, while doing a very helpful bus developing new territory s caring for the accumula settled regions. If we this system would me need, we must assume to draw a large sum in the The money is now invest It is an important part tal upon which each co doing business. It is being used in where it is owned and to the development of the support of its industry employment of its people in the hands of the gov are no means by which redistributed fairly to towns and thinly popul Our postoffice department equipped to do a bank It is hardly fit to hand business, and certainly efficient and satisfactor as to make it appear broaden its duties or labors. At the holding instance, merchants know public required extra-sen their regular clerks into labor. Not so with the In a city of 100,000 in carriers work exactly what mail is not deliver time usually remains until the next day. The evidently ignored the fa ever extra expense mig red had been prepaid b Perhaps it is the be done, but it is cert best that can be imag is work enough for the orities correcting things without putting them in ing business. If the government sh money it has already that it would be no easy deposit it at an adva capable managers who Britain is a small country compared with the United States, and every part of it, besides being reasonably well supplied with local capital, is not far distant from the financial metropolis, but the disadvantage of the withdrawal of savings deposits for local use is seen even there. The deposits from England, Scotland and Ireland are drawn to the financial center, London. The effect of this is most plainly seen in Ireland. In June of the year 1906 the Irish deposits in the savings banks were in round numbers 13,000,000 pounds sterling, and this very large sum is used not in developing any Irish industry, but in bolstering up the credit of the United Kingdom. No one will dispute the fact that the Irish man of enterprise is seriously handicapped by the fact that so much money is drawn away from Irish to Imperial purposes. What would the condition be in our own country of opening a savings bank in connection with every post office? What would be the inevitable result of drawing sums of money away from the community in which it is produced to a large banking center? It would certainly be directly to the detriment of the agricultural and thinly settled sections that would lose these deposits, for in these thinly populated regions only private banks exist and national banks in the larger cities. It would therefore weaken the banks already there and make it harder to organize others that would be of special ad- be done, but it is certain best that can be imagined is work enough for the orities correcting things without putting them into business. If the government shove money it has already that it would be no easy deposit it at an advanced managers who with the values of real all local conditions, tions could invest safely and much more since the whole country than board of postal officials Washington. Granted in banking laws and needed let financiers and formers direct their airing a reform that is co the most effective useful and that will promote retard the harmonious of all sections of the It will be a very weak scientific treatment of the consider only the sentiments and dispose of the who unloading it on the fernment, the one politic of all least qualification with it. This is one lems, and only one, while please should deal with at of petitioning for reliance. The postoffice is not of good security for rey, and it has already by my colleague there- tical methods of dispos- due to the immediate section. The deposits would only yield 2 percent to the depositor, which be a direct loss to the people who receive higher rates could be obtained from other banks that are or may be organized there upon the development of the region. About money a community relied on a standstill. No life can be built into a community where as much money is produced it is immediately despatched to a financial institution. Money produced and used at the stimulates trade, builds up industries, gives employment to land prosperity to all. Money needed at home and used elsewhere drains the vitality of the saving section and gives nothing return. We should bear in mind national banks which are the ones open to national inspection leave the only ones in which government dare make deposits, and make loans on real estate. Farmers has nothing but real estate offer as security, hence his loan is taken from him by the government and placed where it cannot be used by his profession. The last report of the comptroller of currency shows the amount of interest in savings banks to have over $3,000,000,000. Of course this is no probability that all this would be transferred to the savings bank, but on the other hand there are many deposits in and private banks which would be attracted to the government's box, and thence back to the local banks, to the detriment of savings banks, which are now a very helpful business in dealing new territory as well as in dealing for the accumulations of old regions. If we believe that system would meet a general need, without injury to the very people whom the system professes to aid. It has been said that the postal savings bank would encourage saving and thrift in this country. Ex-President Roosevelt is on record as having said so while in office. It is stated that the money is now hoarded up at home under a carpet or in some other favorite depository. Well, suppose that is true. Would these people be apt to save more if postal savings banks were established? They have the saving habit already. Do you think they would be greatly effected by a paltry 2 per cent interest? But this class is small. Most people have their money in use or in some bank. SUMMER SCHOOL AT BERKELEY Bulletin Just Issued Giving Valuable Information The bulletin of the Summer Session at the University of California has just been issued, and will be sent to any address upon application to the Recorder of the Faculties, Berkeley, Cal. The coming session promises to be one of the most interesting and instructive ever held at Berkeley. The scope of the subjects offered has been widened, so that this year over 20 per cent more courses will be offered than last year and nearly all of the departments of the regular session will be represented. No formal examinations are required for entrance. Admission is granted to all persons, teachers and others, who are able to profit by the exercises of the session. The tuition regardless of the number of courses taken is $15. This fee entitles the student to admission to the ser- savings bank, but on the other hand there are many deposits in land and private banks which would be attracted to the government's box, and thence back to the local banks, to the detriment of savings banks, which are now a very helpful business in dealing new territory as well as in dealing for the accumulations of old regions. If we believe that this system would meet a general need we must assume that it would have a large sum in the aggregate. Money is now invested locally. An important part of the capital which each community is business. It is being used in the locality where it is owned and contributing to the development of that locality, support of its industries and the payment of its people. If once the hands of the government there means by which it could be distributed fairly to the small town and thinly populated country. The postoffice department is not needed to do a banking business. Hardly fit to handle the postal press, and certainly not in so urgent and satisfactory a manner can make it appear advisable to them its duties or diversify its business. At the holding season, for instance, merchants knowing that they are required extra service, pressed regular clerks into doing more work. Not so with the post office. Society of 100,000 inhabitants the towns work exactly 8 hours, and the mail is not delivered at that time usually remains undelivered until next day. The department strictly ignored the fact that what extra expense might be incurred been prepaid by the people. Maps it is the best that can be done, but it is certainly not the that can be imagined. There work enough for the postal authorities correcting things of this sort but putting them into the bank-business. The government should get the money it has already been shown that would be no easy matter to put it at an advantage. With male managers who are familiar with real estate and NICARAGUA CALLED TO TERMS Secretary Knox has delivered an ultimatum to President Zelaya of Nicaragua, requiring him to submit to arbitration, as he promised to do, certain cases in which Americans are involved. It is intimated that if the ultimatum should fail in the desired effect, the president will ask congress for authority to take such steps as may be necessary to bring Nicaragua to terms. Had it not been for the insignificance of Nicaragua there would have been a strong public demand for action long ere this, even to the extent of war, for the wrongs perpetrated on American citizens. It looks, however, as though forbearance on the part of the United States had ceased to be a virtue. Potato Dip at Mullinix. For Haviland China see A. Nagel.