Part 2. Nr” MAGAZINE SECTION. he BELLEFONTE, PA. THURSDAY, FEBRUARY 1, 1006. Centre Llemocrat. Farm Notes, Choice Fiction, Current Topics Ae “BANK NOTE EXPANSION. MANY NATIONAL BANKS ESTAB- &ISHED SINCE REDUCTION OF REQUIRED CAPITAL. of Waprecedened Increase tutions and Consequent Expansion | of Bank Note Circulation May Cause PBepression. There is a boom in the organization of national banks. It has been in pro- gress for five years, or ever since the passage oy Congress of the act permit- ding national vanks to be organized with a capital of $25,000 instead of the minimum of $100,000 capital, as the aw stood prior to March, 1900. Though the multiplication of small sational banks has been going forward at a startling pace it is only recently fhat the great increase in the number of new banks has begun to impress it- self on farseeing financiers as exces- sive It is felt that the unprecedented facrease in banks and the consequent | sxpansion of national bank note cir eulation has either gone so far, or soon may go so far, as to constitute a na gional menace. There are many financiers who ough they look with apprehension on a boom in national banks, yet feel that we have not reached the danger line and that the country is able to absorb all the national bank note cirenlation that is likely to be issued on the pres sat bonded debt of the United States. It is proposed that at the next ses sion of Congress the bonds to be sold for the construction of the Panama eanal shall also be made a basis for Bank note. circulation and this ex- pansion it is thought may prove ex- —_— Instie | cessive. The danger line will be reached when the bank note circulation comes to bear an undue relation to the gold reserve of the United Stales treas- | ury, The growth in national bank notes lin five years has increased thelr | amount trom $216,000,000 to $478,000, | 000, based on government bonds, or about $60,000,000 per aunopum, It is | calculated that the gold stock of the | country increases annually in about the proportion that population increases. During the last fiscal year the basis money of the nation was increased by the addition of $23,000,000 in gold cer tificates. It is urged that as the bank note circulation increases faster than the growth of the money of redemp- tion, the process tends toward Inflation, It adds to the burden of money which the gold reserve must maintain at pariLy. No remedy for this situation is in sight, and it is stated that it may be that an unhappy financial depression will be needed to call the attention of the whole country to the necessity for | caution in loading up trade with too great an issue of bank notes. At pres ent there is no limitation on the or- ganization of national banks except that they cannot go beyond the bonded debt, The bonded debt is now $895. 000,000, of which $482,000,000 is used LARGEST OF SHIP DOCKS. THE “DEWEY NOW PLOWING THE ATLANTIC AND BOUND FOR TUE PHILIPPINES, lest battleships of the Navy, it can 1ift| Itself as well. In other words, it ralses its own bottom out of the water while floating only upon its great hol low side box, and the bottom in turn lifts up the side box to a suflicient height to permit of its being scraped, cleaned and copper painted. Notwithstanding the apparently in- tricate problems confronted in the construction of such a huge engine, the Navy Department had a still greater problem to solve when it considered Will Require Four Months to Make Trip. ~ Capable of Lifting Biggest War Ship.~Superior to bdbtationary Docks. The huge storm waves of the Atlan- NATIONAL IMPROVEMENTS. GREAT WORK OF THE GOVERN MENT IN THE SUBJUGA= TION OF THE DESERT. Thirty-seven Million Dollars to Be Used by Uncle Sam In the Construc- tion of Great Works and Creation of Homes, There is no public work being done methods of sending the Dewey to the Philippine Islands. The great size of the machine meant that it could make but slow progress through the water tic in midwinter seem to roll onward in a resistless torrent of destruction to all in their pathway. But this year they are beating against an indom- itable structure, for the United States Government is shipping to its far-off naval station at Cavite something that floats but is yet not a war vessel, a fortress or a merchant ship. Capable of use in either peace or war, it is a very necessary adjunct to Uncle Sam's Navy. This structure which has been breasting the waves of the Atlantic is the gigantic new floating dry dock, “Dewey,” but recently built by the Maryland Steel Company of Sparrows Point, near Baltimore, While there are numerous dry docks in the far East which are available for Uncle Sam's Navy in times of peace, or 1 rience in sending such structures across the uncertain Atlantle, ever, the inducement of extra good salaries enabled the officials to obtain a crew of experienced men to handle the dock. The hollow sides of the enor mous engine provide abundant living quarters for the crew of thirty, and are as good as the best quarters on any man of war. There is on board a com- plete distilling apparatus for making fresh water and the ration allowances are double those received by the men of the United States Navy. Since the dock has left the United States, it has as security for note issues and $65,000. 000 as security for de posits. An canal bonds has been authorized, and government gues of canal bonds must be made, the canal is to be constructed on the lock principle, this bond issue will necessarily be doubled and probably trebled. When the canal is cut down to sea level the cost of construction will very nearly be doubled and the bond issue accordingly aged 10CTe re pa 3 “gia Copyrighted, Waldon Fawcett BARONESS VON STERNBURG. Baroness von Sternburg, the Ameri ean wif of the German Ambassador and pre-eminently the most sweetly beautiful woman in official life at mational capital, has lately returned to Washington from abroad, a proud and happy woman by reason of the miracle worked by a wonderful sur- gleal operation performed in Germany a few months ago. The Baroness when a youn, girl fell from a horse and sustained an Injury to one lmb, which has ever since necessitated her Ww ‘king with a cane Tome Hme nes an eminent German surgeon performed an operation upon ene of the Indies of the royal family who had received an exactly simflar Injury, and the mcces which erown. ol his offorta wan sneh “at the bean Ufa! bride of the Kalser's envoy In America wan Indneed to mde rn simi. lar treatment. For wooks Her foot wis hold In the prin of an Jian» east, but Anally Me Migfd Yandapes were ro- moved and she wan Tr» f0 voturn ber native land wih the nse of the Tone InaMotont member folly resto-nd Thrones von Rternbnr:, whe wee ‘ar Tan Tanehars, tn nv talitornia wir, and Her marriage to Maron Speck yon Rternbnre came fs He enlminn. Hon of snes of He prettiest Interna. Honal romances In whisN an Tmert ean oi has flgore. THe Weetosn beanty anf! The Hed German Afplo mat Are? mot on shinhoard whila 08 wine the Atlante. TF came Banger ty near being a hee of Jove AF fret sieht an both oon Hof the German ryeseament, | his fighting ships were he to get into issue of $130,000,000 of | the whole world knows that other is | It the gates of these would be barred to f means of : 8 telegraphy.apparatus on board the three naval vessels It is supposed by the G ials that it will take near ly four months for the structure to make the trip to the Philippines. tion with the shore by wirele AR We an embroglio with any foreign power. This fact determined the Navy Depart ment to build a great dry dock which could be towed from one port to an other, or used in the open seas. The recent success attained by the Govern ment floating dry dock at New Orlears induced the naval officials to decide that this new factor in ship-repair| should not be stationary, but rather | gain one of the floating variety. In order|ably will {that it might be capable of docking the ithe warmer climates are reached. largest battle ships, not only of the | Should the little fleet meet with a hur present day, but of such possible eéx-|ricane such as might usually be encoun- | pansion as the future might ‘bring tered on the At in winter, the { forth, the Government spe ifications | towing steams could throw off the tow required that the “Dewey” should be lines and the Dewey could filled {able to dock a 16,000 ton ship in four| With sufficient water to sink to a depth | hours from the time the warrior en-| Which would assure its safety until | tered the trough to the moment the|after the storm had passed away, while keel was out of water. the towing boats could find sale refuge sith i fh , . The Largest in the World. within the Sock. The route taken by the fleet | Such specifications meant that upon! follows: After passing out of C completion of the “Dewey” the Govern- apeake Bay, it takes a course due east | ment would possess the largest float-| ward across the Atlantic to the Ma | Ing dry dock in the world The | deira Islands, from whence it enters contractors went further than the Gov-| the Mediterranena through the Straits | ernment specifications and gave the|of Gibraltar, until the Suez Canal is new dock a capacity of 20,000 tons. reached. The traversing of the Suez The question might be asked, what! Canal was another problem which sort of monster is this which floats and | faced the officials of the Navy Depart ment, but after making careful mea yet can bodily lift the huge fighting terrors of the sea? It is nothing more | urements it was found that the dock than a large steel floating box, with i would easily pass through the Canal bottom and two long sides but witl |The feo that the United States Gov the top and ends missing, the bottom | ernment is called upon to pay for the resting upon great square tanks, 18% use of the Canal for this purpose is feet deep. With an opening of certain | $30 000, valves, enough water is allowed to After passing through the Suez crush into sink the great trough until! Canal the squadron of three towing the floor is sufficiently below water | boats and the do k will sail through level for the largest warship to enter the Red Sea between Arabia and Af between the two protruding sides. Af | rica and thence on to Indian ter the vessel is within the losure, | Ocean Singapore will probably be a the water is pumped out of the tanks stopping place for the expedition and and the great trough rises until thelgriae going through the straits of Ma floor is well above the wash of the sea. {lacca, it will pass up the China Sea and thence to the Cavite naval station At gurnius water remaining on the floor of the tank drains off and the ship | reaching there just about in time for the Easter holidays. beet dry may be painted, cleaned or repaired. The glant leviathan f war is handled as though It were a Other Dry Docks. ¥. The “Dew has a total length The United f about 500 feet, and a height of 64 |other floating dry docks, one at Al rom the bottom, yet in order tolglers, La, but recently completed, and another at stationed at Havana. Before the float k a vessel demanding a depth of 20 in the trough, the bottom of the ing dry dock was considered a success the stationary dry dock nk einks to a depth of 63 feet. Float. ne by itself, it draws but 6% feet of kind available. This was complete upon shore, generally of concrete and 11 ns on ¥ Games for the Mariners, floor of the Dewey is of to allow of a regulation of base ball, a fact which prob ] be taken advantage of when The « q spuilicient great VEO oO o lantie er : be as p— ee 5 the or ¥ n ym ing : ning — ¥ water, The United States Government was very strict in all requirements of ita contract with the constructing com- pany and insisted that the dock should be carefully tested before being ao cepted. Last spring the battleship Iowa was ’ cave trough for the hulls of vessels to fit Into. The Navy has of these, four being situated at Brooklyn three at Norfolk, two each at Philadel phia and Mare Island, California, and sixteen ———— Rr such cases, that the American girl | should bring to the man of her choice | a fortune of $20,000 Now Miss Langham comes of a very old Kentucky family, but none of its members happened to have $20,000 hestow as a dowry, and for a time the course of true love appeared to run anything but smoothly; but In the end the Teutonle officials relented, and the couple were married, When Baron von Sternburg took his bride to the Fatherland, she carried everything before her by virtue of ber beauty and sweet disposition, and the Ger man Emperor remarked; “If 1 were an artist. 1 wonld wish for nothing bet- ter than to paint your portrait” The Baroness has violet eyes, with tong, dark lashes, reddish blonde balr, and A marveloms eomnlexion. Although sho 18 8 native of the Golden Gate State. hor father was An Tnellshman and Ker mother A native of Chicago, This mitetress of the German FEm- hassy at Washington ta almost a8 mt °° T¥ home In Purone as In Amer. ton. for whe wan sdneated In Parle and Dresden and made her formal entry fntn saelote In Tondon The Hternhnres are among the closest personal friends of the Pred. Aent and Mra. Roosevelt, Indeed, the T om then 1 mere secretary at the Asrman Pmbasey, wan one of Mr Noosevell’s rronise 'n the dave when Chief Vacletrate Was n Nehted when for hin bride, BATTLESHIP JOWA IN NEW DOCK “DEWEY.” docked in the “Dewey” and within an one at Portsmouth, N. H, hour and a half from the time that she 8. C, and Puget Sound, was in position, her keel was out of the water. In “a same month, the United States battleship Colorado, with a displacement of nearly 2.000 tons more than the Towa, was docked in two hours and sixteen minutes Will Baffle the Toredo. One of the most essential needs for a dry dock In the Phltippine Islands in eanged by the acenmulation of a great amount of marine growth upon the hulls of all vessels spending any length of time In tronteal waters, Naturally A steel dry dock In such a locality each Charleston, Washington, The nearest rival to the “Dewey” among the floating dry docks of the world Is that at Bermuda. While it Is 45 feet longer than the “Dewey,” its lifting capacity is but 16,500 tons, which is 32.500 tons less than the Amerioan structure. In Austria, there is also a floating dry dock of 15,000 capacity, and one In Germany capable of lifting a burden of 11,000 tons. Em : A Peculiarity of Siberia. In of Siberia corpses that and the Government had had no expe-| How. | been in almost continuous communica | Pensacola, Fla, formerly | was the only | granite, with sloping sides and a con | by Uncle Bam which ha in a few | years, sprung into prominence land which promises such substantial | returns as the reclamation of his des- {ert lands under the National Irrigation Law. Thirty-seven million d« gation, This amount, ¢ following table, is t} of the appropriation « With suci | i | lars for irri- hown by the mated figure irrigation 111 pile Ol | for | ' { reciamati | aside 1 ) ne of Slates ion of and The law that every 4 rder ovided hould the 18 re nation nade ts from | the sales of rtain public property to marketal olher prop Out of the many ex river pended by t {and harbor a cent to the ted that any be r«¢ by gettlers wh take 1 th lands j ciaimed., | an avi 4 a Make io j erty. ns 8 Gove improv {has ever been returned direclly Treas: nor was it expe return would be made, Departm Wide Authority. | The ct gives t Secre- | 1 of the ri r wide 1 the investmer Jfund, although he is req iry, i cents {rrigs tion a ¢ he ary lati. ° af 1) large uired to spend i i be available in 1908, the sum reali: blic land A Pa r of the passage of the|of 144,821.91 ERE EON KY States has a couple of | : T The estima 1908 are Office | 1 i fur to be Inve Interior, jects wh ) the Governn ments from The app Secretary r of the fund by Hit been practi cally completed and the plans matured for expending the entire fund on cer tain definite projects in the West which practically brings to an end fur ther surveys and examinations, and permits the concentration of effort of the Reclamation Service on the build ing of a few important projects. irrigation and Rivers ana Harbors. There are many people who do not entirely understand the difference be tween the appropriations made for the reciaiming of arid lands and those for the improvement of rivers and har bors. There is a disposition to eritl cize Congress for permitting the ex. penditure of millions in making had itable and productive large areas of the public domain now worthless, and at the same time cutting down the ap propriation for work on our national waterways, Apparently the fact has been over looked that Congress has never made ts 8 we fund arising is Wilh 36 Denelh abie Lie vil ial ry for u f a8 piacii con vari in pre ates [o va id, fo contril baw Ld oppor Lh i Oklaho haw for irri tern States cl iim of politl pparently not so mucl ation as to secure the Federal funds in the 5 present, Has the Lnmity of Land Grabbers. ment as dis; 1 by Hitch cock has of course given rise to mors or less adverse criticism and attack especially from men who have viewed he reclamation act as a great oppor tunity for either direct or indirect per sonal advancement. The men by whom the public domain has long been con sidered a legitimate prey, hailed the passage of the irrigation act as an Im proved method of convertag to thelr use the nation’s resources in the West Mr. Hitchcock's vigorous measures however, have seriously interfered with their proceedings and they are correspondingly bitter dn thelr denun clations of his acts The States thus far to chiefly benefit through the irrigation law are Ard zona, Wyoming, Montana and Nevada although some of them have them selves made to it considerable contr butions. Wyoming, because of its stra tegic geographical position and the fact that much of the water supply of the West originates in that part of the State, must of necessity have the ston that A ad, on od i : aye retary an appropriation of any specific sum for reclamation. On June 17, 1902, the (Continued on hext page.) 186 pages-—700 7 duotone plates of encloses Tom Conte (In stam wat famous one ot each of Giant iain buried for 150 years have phot ang fod Tod Tot many feet deep and does not thaw out in summen wonld also become hefonled by barns. olen, toredos, ete, and it Ia at thin point that a most peculiar feature of the “Dewey” fs broneht to Nght, for In addition to being able to 1ft the heav: To give thie catalogue the largest possiile distriiution, we make the fullowing Mhersl oft f Every Empty! Envelo Counts as Cash o every one who will state where this advertisement was seen po) we will mall the ** Henderson ** is the title of Our New Catalogue for 1906—the most beautie ful and instructive horticultural publication of the day engravings — 7 superb vegetables and . ~~ \ wd aloo send Giant Anrers, miwed; Nonderson'y Ra} Seaviet in
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