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Newspaper
Corydon Democrat
Location
Corydon, Indiana, United States of America
Date
Jan 08, 1908
Page
2
The Corydon Democrat rates for subscription are printed here. Prices show six months or three months options with out of county rates, all in advance. The notice identifies orientation and editorial leadership and lists Corydon Indiana as the post office locale.
Display ads 10 cents an inch each insertion. Renders 5 cents a line. Special rate on standing ads when time is three months or more, as stated on application.
Church notices and entertainments with admission for profit incur a 2 cent per line charge. Obituaries up to twenty lines are included. For text over twenty lines, a six words per line rate applies with payment by money or stamps required.
The Commoner founder William J Bryan cautions depositors to be calm and faithful during the panic. He argues banks are sound, withdrawals by few could cripple them, and that depositors should support the system to protect the community.
The letter to Secretary Cortelyou contrasts Roosevelt and Cleveland over gold reserves and bank loans. It cites gold totals from 1893 and 1898 1907 and argues partisan reactions to bond issues. A referenced Commoner piece links Bryan McKinley and open currency ideas to today’s asset currency debate.
Officials faced a fund deficit after levies failed to cover salaries and expenses. Treasurer Baelz halted cashing county warrants as banks pressed for payment of about 16 000 in warrants. The choice weighed: issue bonds now or risk lawsuits and higher costs to cover judgments.
Henry Clews of New York calls 1907 the country’s worst panic era and expresses hope that the nation will soon emerge from the crisis.
The text notes interest rates rising to seven or eight percent and questions why the spike occurs, arguing the crisis should not be blamed on Cleveland.
The Commoner notes Lincoln Nebraska business leaders favor the guaranteed bank and oppose asset currency while supporting postal savings banks where no guarantee exists. The vote signals a realignment toward the Democrats as Republicans lag on reforms. business men are seen as indicating public opinion trends.
The document notes Secretary Cortelyou’s November announcement of $50,000,000 Panama bonds and $100,000,000 certificates of indebtedness. It criticizes banks’ private gain from bond purchases and questions the nation’s total indebtedness rising to 150 million dollars, citing a 1907 Corydon Republica
The note cites Secretary Cortinvou announcing a 150 million dollar debt rise and questions the Corydon Republican political editor. It blames a Republican legislature for added county officer salaries and notes treasurers O'Conner and Baelz used other funds to cover expenses during a major panic.
Mrs F. H. McElwee of Boistown New Brunswick reports quick relief from a left shoulder pain after using Chamberlain's Pain Balm. The product is sold by L. A. Riely & Son.
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