| September"7^"From" 7/15 to 9.30 P. M.| THE GRAND OPENING Of the New, Bigger and Better Kaufman's Underselling Store « Everybody Is Welcome to Come and Inspect the Largest Ready-to-Wear Department Store in This j Section of Pennsylvania NO GOODS WILL BE SOLD ON THIS OCCASION.} TWO BANDS COMPRISINGS 60 PIECES. SOUVENIRS I Celebrate the J)pening of the New, Bigger and Better Kaufman Store! MUSIC | T °-T™TJN»t ay T ! Evening 'fTJ ls l SOUVENIRS I ) The musical program of the evening will be pro- tO 9.30, the NeW, Bigger aild Better | vided by two of the finest bands in Harrisburg. Kaufman Underselling Store Handsome Souvenirs Will Be Pre ) SIXTY PTFCFS Welcomes All Harrisburg and sented to Every Lady and Gentleman •! T , rp Will R T R H Vicinity £ Grand Opening Who Visits the New, Bigger and There Will Be Two Bands Better Kaufman s Underselling Store uj ▼ t l This is the most important occasion in the life of this unique business— rv • .1 1 a • T* m 1 3u Pieces In Each During the Grand Opening i o-mor- | 1 Continuous music from 7.15 to 9.30 o'clock. Now the Largest Ready-to row Evening. j| Commonwealth Band Wear Department Store From 7.15 to 9.30 O'clock I 1 ™h R r d v r ' a ot'T"® Sekl '°F' W, This Little Gift Will Bear a Mess. | 1. marcn. Are You the U Keilly Emmet visit every department, now virtually individual stores, carrying COM- e a • 17 \T £ I 2. Overture, The Champion Hartman PLETE STOCKS OF EVERYTHING WORTHY READY TO WEAR age Ol Appreciation rrOHl Raut- | r 4 Selection F.iu S '7T TVT c, i r ~, man's That We Hope Will Long Be I s. Czardas, I 7. Wmez?o Ve Ew R ' al, ° A N * W Store With NcWStocks on the Eve of New Life This, The Commencement of a New , 8. Rhapsody, Slavonic Friedemann ™ rchandise as alwa " s with the Life of i 9. Descriptive, Village Life in Ye Olden Time ff ... . p,„„ VISIT THE BARGAIN BASEMENT W(ar Different from any other—new in Harrisburg, new with Kaufman's, new in • IV villi J 111 "T Will I . ideas and usefulness—but with the same Kaufman's Underselling Prices to . ,r* . t • i ' I Municipal Band Department Store in This I D .rii. „. . Grand Opening of Kaufman's Marks a New c c , , V "i" Render tke Following Selections Epoch in .Merchandising in Harrisburg. j£CtloH 01 the Mate ■ I' Stars Stripes • J. P. Sousa A few short hours solely for the purpose of getting re-acquainted with ( 2. Selection, Faust Ch. Gounod you. A real handshaking time—AND NO GOODS WILL BE SOLD. TimcA**™ r VDn ' C 3. March, Capatian Betty Lionel Baxter Our entire old salesforce has been retained a loyal, energetic, re- - ( I 4. Selection, Chin Chin Ivan Carvll freshed and enthusiastic force—with many new employes—to greet you in the ing From 7.15 to 9.30 and Inspect 2 S s MarMi p _j D „ , same good old location on Market Square. r, . T i I *' wu' Body Rags Grace u B °y A „ „ „ This New Store—No Goods Will Be 1 , I 6. Waltzes, Elam Lionel Baxter All Cars Stop at Kaufman S 0 0 1J l I E ' c K th„ n Kaufman's Is But a Moment From Anywhere 9. Patrol, Dublin Bay. j g Lampe Kaufman's Is Your Store \A7171 r'AA/fl? / I 10. March, Fairest of "the Fair J. P. Sousa WITH EVERYTHING NEW VV LLV/UiVIL ■ ji jr ~~ Respectfully yours, ■ rHE PASSING OF EMERGENCY CURRENCY BY FREDERIC J. HASKIN [Continued Prom Editorial Paeo.] Ihis treasure house. This was through In elevator shaft that led to the ship ping room on the second floor directly HO RUCK'S The Original MALTED MILK Unlom* you may "HORUGK'S" you may got * Substitute. MONDAY EVENING, " under the wing occupied by the comp troller of the currency. Down this elevator only those authorized to enter this financial holy of holies might pass. I Having thus prepared the great fund Congress and the American people promptly forgot It. Those guards and attendants who were stationed here to send forth this oil for troubled financial waters, waited in vain for orders. A year passed, two years, three years, four, Ave, six, and no request was made for this money for which Congress had fought so many forensic bat'les. The spider, that creature which places its brand upon all things that remain in somnolent quietude, spun its web over the money hoards. The dust of passing seasons accumu lated. The guards who watched grew slumbrous and obese and gray and vet no demand came for that over which they watched. Currency Act Extended The original law had provided that this emergency act. should be effective for but six years. By the end of that time it was expected that new legisla tion would have superseded this safety makeshift. But the end of the six year term was approaching and there was in power a different party from that which passed the old bill. It had theories of its own on bank legisla tion. But it took a long time to work them out. In fact the day of the death knell of the emergency currency act approached and there was nothing ready to take Its place. It looked as ; thought the nation might sret along! without such legislation, however, as no banker had asked for a piece of emergency currency in all that time. I But the Democrats thought it the part of wisdom to extend the life of the emergency currency act for one year while they were working out their scheme for reserve banks. This was done before the appointed time for the demise of the old law which would have taken place in May, 1914. So that $500,000,000 of cobwebbed money, the Rip Van Winkle of the fi nancial world, was stlU slumbering / , TEUBORAPtt peacefully when the war broke out a year ago. The law under which It ex isted was on the last lap of the exten sion that had been granted It. That Democratic extension of Repub lican legislation gave it a chance of usefulness. For, in the Fall of 1914, there was a near-crisis that might have become real but for this reserve fund. The great war had broken and the ranks screamed for help. Clearing houses were unable to handle the sit uation. There was need of additional ] actual money to meet the situation. The Occasion Had Come The old emergency currency act pro vided that banks might In these emer gencies, form themselves into asso ciations of not less than ten, each guaranteeing the obligations of the others. These banks might deposit cer tain sorts -jf securities and upon them be granted blocks of this currency filed away at Washington. The oc casion for which the emergency cur rency had waited for ao long had ar rived. The guards of the great vaults were awakened, the spiders were put to flight, the dust of those six years was shaken off. Wherever a group of banks flaunted the distress signal and produced securities in accordance with regulations, there were hurried large packages of currency. Some fifty tons of this paper money were hustled out to one point and another. A-ltogether 1384,000,000 of this slumbrous currency was used and it is not at all improb able that it prevented one of the worst financial panics the nation has ever known. The- presence of these large amounts of actual money made it pos sible for the banks to meet all obli gations, to stand the demands for cash that are always made by the public when there is a financial disturbance. The Treasury did not want this spe cial Issue of money to remain long among the people and It therefore pro vided that Interest should be paid on It. Interest is not paid on any other of the government Issues' of paper SEPTEMBER 6,1915. money when they are out. and so it s became to the advantage of banks get > ting this Issue that It should return i the emergency currency as soon as It P was possible. I So, within a few months o* the time i the Treasury Department sent out this i flfty tons of special paper money. It i was practically all back again. As it > came In It was cut to pieces In the ■ machines that are made for the pur r pose and kept at the department, was • torn up and beaten to a pulps. When t . It had assumed a rendition like unto a - much masticated spitbali, it was sold • j to a manufacturer of curios for »20 a - . ton and turned Into souvenirs in the • form of miniature Washington Monu i | ments and Capitols for the delectation ■ CASTORIA For Infints and Children. Bears the —■ I The UrJ You Have Always Bought of the tourist. During the past year almost every body who handles money at «11 has wrapped up some of this emergency currency In his roll and never knew it. The only difference between It and other pap#r money lies In the legend that Is printed across Its face. Wher» the ordinary note reads "United States Bonds deposited at the Treasury." the emergency currency reads "United States Bonds and Others Securities." *" Now that the old law is dead. th» balance of the currency In the bl«r vault at Washington has been turned Into the regular channels and the doors of that storehouse thrown open to the funds employed in ordinary Treasury business. 5
Significant historical Pennsylvania newspapers