El Paso Daily Herald. (El Paso, Tex.), Vol. 19TH YEAR, No. 290, Ed. 1 Monday, December 11, 1899 Page: 2 of 8
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EL PASO DAILY HERALD MONDAY DECEMBER 11 1899.
2
THE DAILY HERALD
Published Every Evening; Except
Sunday
BY THE
Herald News Company
EL PASO. TEXAS.
LITTL.K PLAZA.
- TELEPHONIC 11&.
An Independent- Republican
NEWSPAPER.
Rig-id Enforcement of Existing Law
Is the First Step Toward Mu-
nicipal Reform.
H. D. Slater Editor and
General Manager
Henry Ij.Capel.Ij Business Manager
Entered at the postofflce at El Paso Texas
for transmission through the mails at second
class rates.
TERMS OP
Dally one year...
SUBSCRIPTION .
7.00
3.50
1.75
.80
a.oo
1.00
.50
" six months..
three " ...
one " -..
Weekly one year....
" six months....
three " .....
ADVERTISING RATES.
Bates of advertising In the Dally or Weekly
Hirald will b made known upon applica-
tion at the business office. Those who pre-
fer can have a representative of the business
department call upon thenO'who will quote
prlces'and make contracts for space. Call
telephone No. 115.
Classified advertisements or locals ten
10 cents per line for first Insertion and five
(5) cents for each additional Insertion.
Special rates npon t five hundred (500) or one
thousand (1600) lines f of local to be used In
one month will be furnished npon applica-
tion. 3T CARXIER.
xhe Daily Hirald is deliverer oy carrier
In El Paso Texas Juarez Mexico and at the
El Paso smelting works at fifteen cents (16c)
per week or sixty cents (00c) per month.
Subscribers falling to get the Herald re-
gularly or promptly should call at the office
or telephone No. 115. All complaints will re-
ceive prompt attention.
TO ADVERTISERS.
In order to Insure proper changes in adver-
tising copy for same should be at the busi-
ness office not later than 10 a. m.
THE CURRENCY BILL.
Beginning today the house of repre-
sentatives will for one week engage in
debate on the republican caucus cur-
rency bill.Next Monday voting will begin-
The republicans in the house have a
working majority and the bill will
pass substantially as reported. There
will however be some lively encoun-
ters before the matter Is disposed of.
For the benefit of the general reader
the bill is printed in full on this page.
The bill Is very brief and is clearly
and concisely worded. No attempt is
made therein to arrange a complete
scheme of finance but only those sub
jects of most pressirg demand are
touched upon. The bill is in line with
the policy of the administration and
with the pledges of the republican
party.
The republicans recognize that the
most urgent matter demanding attsn
tion is the question of more firmly es
tablishing the gold standard
and giving it the strong
est safeguards' of law in addition
to the force of custom. They recognize
that now is the time to remove all
doubt concerning the policy practice
and obligation of the government rela
tive to the unit of value and to provide
an- absolute guaranty of the quality
and parity of all our money.
Next in importance to gold standard
legislation is provision for a more
elastic currency for an increase in the
amount of currency of small denomlna
tions paper and metallic and for its
better distribution. The first Is met
by facilitating bank issues; the second
by supplying more subsidiary coin and
small notes; the third by permitting
the establishment of national banks in
small towns on small capital.
The provisions of most general in-
terest are those regarding the gold
standard removing the restrictions on
bank note issues and providing for
small banks. It is highly unlikely
that any future possible democratic
congress would dare to disestablish
the gold standard once it was given
the unequivocal sanction of puMic
statute. It is hence the duty of the
majority party in congress to stand
united in favor of this bill.
The old "bimetallicstandard" fallacy
Is completely discredited. We shall
always continue to have a bimetallic
currency but it would be as foolish to
declare in the law that gold is worth
sixteen times as much as silver as to
define a yard as one half the height of
a man. The seller would think of a
short man while the buyer would think
of a long man; similarly the lender of
money would expect Its value to re-
main stable or to increase while the
borrower would pray for depreciation.
There can tnot be two standards of a
given measurement at one time. In
the case of the two money metals no
power can compel them to have a mar-
ket value always in the same ratio. If
there were a limited supply of either
metal the case would be differ
ent; but the production of both
varies with the demand. If it should
be decreed by law tbat copper should
be a legal tender at twice its present
market value every owner and pro
ducer of copper would hasten
to pay bis debts and in
crease his output. The result would
be ttat tne market value of copper
would go still lower and the wrong
done to creditors would be still greater
So with gold and silver. If by law it
should be permitted to pay all debts
with silver at a valuation one eixteenth
thai of gold and if the. government
should offer to coin all the silver
brought to It at that ratio while the
market value of silver is less than half
tbat so assigned the production of
silver would at once be vastly increas-
ed and all. the business concerns and
vested interests of the country with
eve-y wage earner would lose while
only the silver mine owners and "em-
ployes and the dishonest debtors of the
country would gain.
Free silver coinage at sixteen to one
means dishonesty and repudiation and
its advocacy is morally as well as
financially wrong. The Bryan agita
tion is a thoroughly vicious one and
those who favor it are imperiling the
national honor and with it their own.
Experience has shown that the
couctry needs a much greater supply
of small obange than it now has. The
legal limit is $50000000 but necessity
has already compelled the disregard-
ing of the limit and 876500000 of sub-
sidiary coin is now in use. The new
bill provides for coining some of the
surplus silver bullion in the treasury
into coins of small denominations. The
people will not use the silver dollars
while they want smaller coins. The
proposition is a good one. The provis-
ion for more small notes is similar in
its intent.
The last section authorizing the
establishment of small banks is of
particular interest in the south. The
cry for "more money" has really no
foundation. The real need is for
"more banks" and the south will find
that it is a better distribution of the
circulating medium that is wanted and
more facilities for the extension of
credit and the furnishing of short time
loans. As providing for the establish-
ment of more distributing centers for
the loanable capital of the country the
last seotlon is of vital importance.
Every provision of the bill has been
worked on for more than two years
and the result of all the hard labor is
a highly conservative but vitally neces
sary measure for the revision of the
currency laws. It is to be hoped toat
the two houses will act and ac
quickly.
Two men added last week to the re
putation for courage which they al
ready enjoyed says a London dlepatch
The one is Lord Curzon viceroy of
India the other the fat and jovial king
of Portugal. Each one of them has
been spending whole days in visiting
hospital wards where the bubonic
plague la .being treated. They have
paid these visits for the purpose of
bringing comfort to the patients and
above all. encouragement to the doc
tors nurses and hospital a'.tjndants
There seems to be a sort of impression
in this country that the bubonic plague
is not Infectious as far ai white people
are concerned. This is
very great mistake ana one nas
only to pursue the sanitary statistics
aad to see the long list of doc
tors and nurses who have sacrificed
their lives in fighting this deadly and
loathsome disease in the orient to be
assured of the contrary. Just as soon
as Lord Curzon learned that tne smoul
dering of the pestilence in Bombay and
Poonah had burst forth into a resh
flame he promptly left the delightful
ly cool security of Simla and descend
ed into the unhealthy lowlands with
the obj act of making a thorough per
sonal inspection of all the sanitary ar-
rangements of the stricken districts.
Before leaving Simla he took the wise
precaution of having himself aad the
whole of the staff attending him Inocu
lated with prophylactic 6erum. He
did this however not merely as a pre-
caution but also by way of example to
the natives who until now have
shown a strong reluctance to make use
of the serum. Lord Curzon by thus
submitting to inoculation and by his
speeches in which be calls attention
to the fact that the inoculation has the
effect of reducing the death rat) from
80 per cent to 5 per cent is having an
immense effect upon the natives. The
king and queen of Portugal likewise
submitted to inoculation the queen
showing the same courage enlighten-
ment and excellent example in the
matter as when the caused herself to be
inoculated against diphtheria with a
view of removing the popular preju-
dice against the serum diphtheria be-
ng one of the most terrible scourges
of Portugal.
The postmaster at Crow Flat New
Mexico died recently as reported by
the special correspondent of the Her-
ald and the citizens fear tbat the
office must be closed for no one in the
neighborhood Is willing to conduct it.
This is the most remarkable item of
news that has been sent out to the
world for fifty years or more. No one
to accept the dignity and emoluments
of a postmastersblp? Where is that
El Paso roan tbat moved to Crow Flat?
He should organize an elementary
class In civil service and teach the
voters that their first duty is to scram-
ble for every office in sight whether
it be vacant or not. Behold Kentucky to
day! The new governor is besieged
by thousands of patriotio ciiizen
clamoring for the offices in his gift
Crowflatters should rally and stand by
the government. Its very existence i
imperiled when citizens decline to
accept office. New Mexico may net
look for statehood until she can pro-
duce a man for every office! Suppose
the governor should die and no one
be willing to accept the office. The
very thought makes the foundation
stones of the republlo tremble.
It was predicted a few years ago
theteverv marketable commodity on
earth would be offered in departmen
stores at an early day and Texas
Is
aiding to make the prediction a true
one. A letter wasreoeatiy received Dy
a leading lumber manufacturing oon
cern in Houston from a leading retail
establishment which the Post says en
closed a oiroular showing that the store
bad added lumber to its regular
line of Christmas bargains and that
side by side with galvanize! buckets at
19 cents eaoh a cook stove for 86.39 and
bric-a-brac from 1 cent upward it
was offering 1000000 feet of No.
lumber in 1x3 1x4 1x6 2x6 2x8 to 4x6
at 812 50 per 1000 feet while but 814
was required for 1x8 1x10 and 1x12.
Everything else In proportion. The
carrying of 10000C0 feet of lumber
at a valuation very much below its
cost at the point of delivery in order
to work off stoves tin cans and other
goods is certainly unique in the history
of trade in the southwest and it
would seem that its purpose was to de
moralize prices by the practice of de
ceptlon on the people. The Houston
manufacturer replied as follows to his
correspondent:
"lam sorry to learn that your com
petitor seems to have gone wild la the
matter of prices in lumber. They cer
tainly must have money to burn as they
can not buy today a first-class quality of
the stock offered at the prices specified
in tnelr advertisement. If tbey can
will agree to take 100 cars from them
on that basis delivered on 20-cent rate.
whioh will cover the million feet they
claim to have bought and will save
them the expense of handling same in
their yard and retailing it out in small
lots. This is no bluff and if tbey are
anxious to dispose of the lumber in
question you can turn this letter over
to them and have them write us accept
ing the offer."
The writer In the Post regrets to see
lumber included in the list of commo-
dities which occupy tbe attention of the
department store men.
The Taxpayers' Protective associa
tion has been organized at Detroit
Mich. The objects of the 60ciety
which already numbers over two hun
dred members are to eliminate dead-
beat tenants take united action on
legislation and taxation whioh effect
real estate shorten tbe time required
for evictions amend the garnishee
law and accomplish other reforms.
In Pittsburg Pa. property owners
have a rule tbat can be adopted else
where with good results. It' goes a
long way in presenting landlords from
being cheated.. When a would-be
tenant applies for a house in tbat city
the landlord says "Show me your re
ceipt for last month's rent." There is
no use for the tenant to say "I haven't
got it with me. But "here is a
month's rent in advance." That won't
go. Neither does tho answer "I have
just come into the city." The land
lord in that case requires a reference
from the town where the applicant
formerly lived. Rent in advance is
never considered an open sesame to
anybody's property in Pittsburg. Botb
schemes are good but neither is per
leot. Jb.1 Paso could probably improve
on both if she would only try. The
slot gas metsrs here are a triumph of
human ehrewdnase. An Invention that
simply deals out a quarter's worth of
gas and then leaves the house to dark
ness until another quarter is applied to
the slot of the meter Is about as
clever acd impersonal a way out of the
difficulty and annoyances of conduct-
ing theleasingof things to reluctant bill
payers as could be Imagined. If El Paso
really wanted to1 she could get up some
scheme by which unless the proper
rent were put in a slot the lloor would
gently rise up and slide the unpaying
tenant out. No feelings would be hurt
because it would be a purely mechanic-
al Impersonal affair. In Pittsburg
and Detroit there is still the bothering
element of human sensitiveness.
A recent consular note states that
the greatest obstacle in the introduc
tion of American-made goods in
foreign countries is tbat our manufact-
urers always seem to try to sell their
overproductions instead of manufac
turing especially for the market whioh
they wish to reach. Another mistake
the manufacturers make is to think
they know better bow' the customer
wishes to have the goods packed than
the customer himself. In some countries
duties are levied on the gross weight
of the package; in others the mer-
chandise has to be carried long dis
tances over mountain ranges on the
backs of mules. For such condition!
as these it is obvious tbat goods like
oottons must not be packed in heavy
iron-bound boxes. It is the attention
to such little details together with the
supply of good and moderate priced
materials which enables a business to
be built up In a new market. The
advice given to American export man-
ufacturers is: "Send the best goods
you have and sea with your own eyes
if necessary tbat they are carefully
packed and properly shipped."
. IT is reported that millers of the
country will.make a fight in congrees
this winter for an extension of the
powers of the interstate commerce
commission so that tbe decisions of
that body shall be mandatory upon tbe
railroads of the country. The millers
complain that certain persons oont ol
the railroads to such an extent that
when they decide to purchase grain
a'ong oertaln lines other buyers are
forced out of the market by the differ-
entials. An extension of the commis-
sion's powers as suggested would
operate not only to prevent dlscrimina
tion In favor of wheat operators but
tbe trusts would be deprived of a great
share of their monopolistic power. It
is along such peaceful lines that the
trusts will be regulated.
Catching wolves is the latest field
of aotivity New Mexican women have
entered. Tbe special correspondent of
the Herald reports that a Grafton
woman has "caught two more wolves
and will get fifty dollars for each of
them" There will probably be old
fogeys who will make this bit of news
a text for a scolding about the "new
woman" and yet it is no new business
for women this success in the hunt.
Long ago Diana of tbe Ephesians with
her swift limbed maidens and eager
bounds followed the etag through tbe
forest and was honored' as the goddess-
huntress. The Rio Grande may go dry but
court proceedings at Laredo promise to
run on forever. As soon as the higher
courts adjourned the new federal court
opened up for business and is rapidly
getting all the poor Mexicao smugglers
within a hundred miles of the city into
comfortable winter quarters in the jails
of Webb and Lasalle counties and the
federal penltentary at Fort Leaven
worth Kan. The special correspond
ent of tbe Herald says that Laredoans
are congratulating themselves on tbe
new acquisition o tnelr legal ma
chinery. -
Speaker Henderson believes that
the debating society should be an Im
portant iactor in tne training oi a
young man. Me says that one of the
most desirable things about regular
debating Is that the speakers are forced
to read extensively and study deep
ly. Henderson owes a great deal of
bis own success to the debating society
acd even in his youthful days he was a
leader among youthful debaters who
assembled to discuss the questions of
tbe day.
Plenty of- wacvsr iotbe river now
but none when it was needed in the
summer is tbe report that qome? from
the special correspondent of the Her
ald at Las Palomas. The need of
dams and reservoirs is vital and the
demand for them should be continuous
until they are secured.
Chatjncey M. Depew's salary as a
senator for six years will be 830000
and he lias leased a house at Washing.
ton for six years for 850. 000 which does
not seem very thrifty of tbe senator.
Snowbirds hive appeared in the San
Andreas and Caballos mountains and
the miners are looking forward to a
cold and dreary wintsr.
The Denver Post is confident' that
with Hogg on th9 ticket the demo
crats would carry Chicago and Kansas
City with a whoop!
'An unconstitutional concession to
sentimental clamor" Is what the Hous
ton Post pronounces the first step in
tbe Roberts case.
Sixteen to one that everybody
will
welcome the new financial bill.
Gen. White is still
sitting in the
ap of Ladysmlth.
A Nicely Bound Volume.
A neatly bound volume of magazines
makes a ntoe Christmas present. We
do this work better than anybody in
the city at the Herald office. We
also make a epealalty of lettering pock-
etbooks In gold.
Go!d Letters
We print your name or anybody's
ee name on" pocket books-Bibles or
other books In gold. Bring us your
Christmas presents in this line to be
lettered. Herald office.
We Bind Magazines.
Bring your magazines to the Herald
to b3 bound. We make a specially of
this work and our prices are the
lowest.
Cheap Shoe Sale
For one week only ;come and see us
and be convinced.
A. H. Meyer
207 El Paso St.
Take advantage of tbe discount
given by the Creamery restaurant and
save 10 per cent of your living ex
penses. Jack Urant manager. 11U
SanFrancisco St.
Daily Herald 15o per wek.
THE CAUCUS
CURRENCY BILL
To Be Debated In the House
This Week and Voted Upon
gNtmonciay.
A bill to define and fix the standard
of value to maintain the parity of all
forms of money Issued or coined by the
United States and for other purposes
Section 1. Be it enacted by the sen
ate and house of representatives of the
United S ates of America In congress
assembled: That the standard unit or
value shall as now be the dol'ar and
shall consist of twenty-five and eight
tenths grains of geld nine-tenths
fine or twenty-three and twenty-two
one hundredths grains of pure gold
belsg the one-tenth part of the eagle.
Sec. 2. Tbat all interest bearing
obligations of tbe Unit-d States for tbe
payment of money now existing or
hereafter to be entered into and all
United States notes and treasury notes
issued undrr the law of July four-
teenth eighteen hundred and ninety
shall be deemed and held to be payable
In the gold coin of the United States
as defined in section one of this act;
and all other obligations public and
private for the payment of moeey
hall be performed In conformity witb
the standard established in said sec-
tion. Nothing herein contained shall
be construed or held to affect the pre-
sent legal tender quality of the silver
dollar or of the subsidiary or minor
coins or of tbe paper currency of the
United States or the laws malting na-
tional bank notes receivable and pay-
able for certain public debts aid dues
and obligations between national
banks.
Sec. 3. That there be established in
the treasury department as a part of
the officer of the "treasurer f the
United States a division to be designat
ed and known as the division of issue
and redemption to which shall be as
signed under such regulations as the
seorelary of the treasury many ap
prove all records and accounts relat-
ing to the issue redemption and ex-
change as haraicaftsr provided of tbe
several kinds of United States money.
There shall be transferred from the
general fund In the Treasury of tbe
United States and taken up on the
books of said division as a redemption
fund the amount of gold coin and bul
lion held against outstanding gold cer-
tlncates tee amount of United states
notes held against outstanding cur
rency certificates tbe amount of sil-
ver dollars held asalnet outstanding
silver certificates tbe amount in silver
dollars and silver bullion held against
outstanding treasury notes issued un-
der the Act of July fourteenth eigh
teen hundred and ninety; - and an
amount of gold coin and bullion to con-
stitute a reserve fund equal to twenty-
five per cent of tbe amount botb of
United States notes and treasury notes
issued under tbe Act of July fourteeth
eighteen hundred and ninety outstand
ing. J. he gold and silver coins and
bullion transferred from the general
fund In tbe treasury as herein provid-
ed sball be increased or diminished
as tbe case may be In accordance with
tbe provisions of this act and in no
other way.
Sec. 4. That it shall be the duty of
tbe secretary of tbe treasury to main
tain tbe gold reserve fund taken .up on
the books of tbe division of issue and
redemption ae herein provided and
for this purpose he may from time to
time transfer to such fund any moneys
in the treasury not otherwise appro
priated or may exchange' any of the
funds in the division of issue and re
demption for other funds which may
be n the general fund of tbe treasury
and in addition thereto he is bereoy
authorized to issue and sell whenever
in his judgment it is necesea-y to the
maintenance of caid reserve fund
bonds of the United States bearing in-
terest at a rate not exceeding three
per centum per annum payable in gold
coin at the end of twenty years
bnt redeemable in gold coin at the
option of the United States
after one year. But no transfer shall
at any time be made from the general
fund of the treasury to the division of
issue and redemption which will reduce
the general fund below fifty millions
of dollars. Tbat all United States
notes and treasury notes issued under
the act of July fourteenth eighteen
hundred and.ninety presented for re
demption shall be redeemed in gold
coin at tbe will of the holder and all
silver certificates presented for re-
demption shall be redeemed in accor-
dance with existing law. The secreta-
ry of the treasury is authorized and
required to use said reserve fund in
maintaining at all times the parity and
equal value of every dollar issued or
oolned by tbe government; and if at
any time the secretary of the treasury
deems it necessary la order to main
tain tbe parity and equal value of all
tbe money of the United States.be may.
at his discretion exchange gold coin
for any other money issued or oolned
by the United States. Tbe notes and
certificates so redeemed or exchanged
shall be held In and constitute a part of
said fund and shall not be withdrawn
therefrom nor disbursed except in ex-
change for ao equivalent amount of the
coin in which said notes or certificates
were redeemed or exchanged except
as hereinbefore in this section provid
ed. Nothing In this act shall be con-
strued as repealing tbat provision of
the act approved July fourteenth
eighteen hundred and ninety which
provides that "no greater or less
amount of such notes shall be out-
standing at any time than the cost of
tbe silver bullion and the standard
silver dollars coined therefrom then
held in the treasury purchased by such
notes."
Seo. 5. That the secretary of the
treasury is hereby authorized to use.
at his discretion any silver bullion in
the treasury of the United States
purchased under tbe act of July
fourteenth eighteen hundred and nine-
ty for coinage into such denomina
tions of subsidiary silver coin as may
be necessary to meet the public require-
ments for such coin and any gain or
seigniorage arising from this oolnage
shall be accounted for and paid into
the treasury. Whenever any silver
bullion purchased under the act of
July fourteenth eighteen hundred and
ninety shall be used in the coinage of
subsidiary silver coin an amount of
treasury notes issued under said aot
equal to the cost of the bullion con
tained In such coin shall be canceled
and not reissued.
Sec. 6. Thtt the secretary of the
treasury is hereby authorized and
directed to cause all worn and uncur-
rent subsidiary silver coin of the
United States now in the treasury and
heft&fter received to be recoined; and
to reimburse the treasurer of the
United States for the difference be-
tween the nominal or face value of
such coin and the amount tbe same
will produce in new coin from any
moneys in the treasury not otherwise
appropriated. So much of the joint
resolution approved July twenty sec-
ond eighteen hundred and seventy-six
relating to the Issue of silver coin as
l mits the aggregate amount of subsi-
diary silver ocin and of fractional cur-
rency outstanding at any time to fifty
millions of dollars be and tbe same is
hereby repealed.
Sec. 7. That tbe United States
notes or treasury notes issued under
tbe acj of July fourteenth eighteen
hundred and ninety be-eafter Issued
or re'saued sball be of such denomina
tions not less than one dollar as the
secretary of the treasury nr. ay pre-
scribe. Silver certificates shall here-
after be issued or paid out only in
denominations of one dollar two dol-
lars and five dollars a gainst
silver dollars deposited - in the
division of issue and redemption.
or In exchange for silver certificates of
denominations exceeding five dollars.
Seo. 8. That section fifty-one hun-
dred and fifty-nine of tbe revised
statutes of the United States be and
the same is amended so as to read as
follows: "Section 5159. Every associa-
tion aftsr having complied with the
provisions of this titla preliminary to
the commencement of the banking
business and before it sbsll be author-
ized to commence banking business
ucder this title shall transfer and de-
liver to the treasurer of tbe United
States as security for its circulating
notes any United states registered '
bonds bearing interest to an amount
where tne cap.tal Is one hundred and
fifty thousand dollars or leas not less
than one-fourth of the capital and fifty
thousand dollars where the capital is in
excess of one bundrecLand fifty thousj
and dollars. Such bonds shall be re-
ceived bv the treasurer upon deposit
and shall be by him safely kept in his
office ut-til they shell be otherwise dis
posed of in pursuance t? the provisions
of this title; and such of these banks
having on deposit bonds in excess of
that amount are authorized to reduce
tnelr circulation by tbe deposit of law-
ful money as provided by law. Pro
vided tbat the amount of such circu-
lating notes issued to any national
hanking association having on deposit
United States bonds to secure circula
tion at the passage of this act or which
may hereafter deposit such bonds to
secure circulation shall not exceed In
any case tbe par value of tbe bonds de
posited as herein provided."
Seo. v. 1 ha every national hank-
ing association shall pay to tbe treas-
urer of the United States in addition
to tbe taxes imposed by an act approv-
ed July thirteen eighteen hundred and
ninety-eight ent tied "An act to pro-
vide ways aad m- ans to meet war ex-
penditures and for other purposes"
each half year in tbe months of Jan-
uary and July on or before tbe thir-
tienth day thereof a tax of one tenth
of one per centum upon the value of its
franchise as measured by tbe aggre-
gate amount of Its capital surplus and
undivided profits upon tbe last day of
the calendar month next preceding.
Sectiocs fifty-two hundred and four-
teen fifty-two hundred and fifteen
fifty-two hundred and sixteen and
fifty-two hundred and-seventeen of the
revised statutes of the United States
are hereby repealed. But nothing in
this section contained 6hall be con-
strued as in any manner to release any
national banking association from any
1 ability for taxes or penalties incurred
prior to the passage of this act. In or-
der to enable tbe treasurer to assess
tbe taxes imposed by the provisions of
this section each association sball
within ten days from the first days of
January and July of each year make
a return under the oath of its presi-
dent or cashier to tbe treasurer of the
United States in such form as the trea-
surer may prescribe of the amount of
its' capital surplus - and undivided
profits upon the last day of the calen-
dar month preceding. Every associa-
tion which fails to make such return
shall be liable to a penalty of two hun-
dred dollars to be collected either out
of the interest as it may become due
such association on tbe bonds deposit-
ed with the treasurer or at his option
in tbe manner in which penalties are
to be collected of other corporations
ucder the laws of the United States.
Whenever any association fails to
make tbe return herein required tbe
takes to be paid by such association
shall be assessed upon such an amount
as the treasurer may determine to be
the true amount of capital surplus and
undivided profits of such association.
Whenever ao association fails to pay
tha taxes imposed by this section the
sums due may be collected in the man-
ner provided for the collection of Unit-
ed States taxes from other corpora-
tions; or the treasurer may reserve the
amount out of tbe interest as it may
become dae on the "bonds deposited
with him by sueh defaulting associa-
tion.
Sec 10.' That section fifty-one hun
dred and thirty-eight of the revised
statutes is hereby amended so as to
read as follows:
Section 5138. No association shall
be organized with a less capital than
one hundred thousand dollars except
that backs with a capital of not less
than fifty thousand dollars may with
the approval of the secretary of the
treasury be organized in any place
tbe population of which does not ex-
ceed six thousand inhabitants and ex
cept that banks with a capital of not
less than twenty-five thousand dollars
may with the sanction of the secre-
tary of the treasury be organized in
any place the population of which does
not exceed two thousand inhabitants.
No association shall be organized in a
city tbe population of which exceeds
nrty thousand persons with a capital of
less than twohundred thousand dollars."
Hotel Palaclo
Mr. J. C. McDermott ' has as-
sumed full charge of the above
hotel at Chihuahua Mex.and will con-
duct the same on the American plan.
Mr. McDermott Is well known to
the ti aveling public as having for
many years conducted the Robinson
house. Everything has been refitted to
the comfort of the guests and good
treatment is guaranteed.
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Slater, H. D. El Paso Daily Herald. (El Paso, Tex.), Vol. 19TH YEAR, No. 290, Ed. 1 Monday, December 11, 1899, newspaper, December 11, 1899; El Paso, Texas. (https://texashistory.unt.edu/ark:/67531/metapth297291/m1/2/?rotate=90: accessed March 28, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; .