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Newspaper
Elkhart Weekly Truth
Location
Elkhart, Indiana, United States of America
Date
May 28, 1903
Page
4
The Weekly Truth is issued every Thursday afternoon and covers the latest news from both foreign and local sources. Subscriptions cost 1.00 per year, delivered to any post office in the United States or Canada.
A report from New York City school principals urges renewed corporal punishment as a discipline method, arguing other measures failed in some cases. The piece notes parental support is crucial, while acknowledging past excesses and public sentiment shifting toward milder discipline. The commentary contrasts home and school roles in enforcing order and warns against neglecting classroom authority.
A discussion on labor and capital comparing unions and employer organizations. The text argues both sides form to protect interests, asserting self preservation drives organization and noting that collective action enabled railroads, telegraphs, and key industries. It treats public opinion as accepting both forms as legitimate.
National bankers seek permission to issue asset notes up to 25 to 30 percent of bank capital, arguing to ease money supply during emergencies. Critics warn such issuance would prompt speculation, inflation, and eventual panics, and stress the need for prudent limits to avoid market ruin.
President Porter addresses Yale College students urging self reliance as the basis of fortune. He advises steering one’s own ship, taking responsibility, and pursuing energy, integrity, and service to God, country, truth, and virtue.
The piece discusses banks issuing asset notes to ease currency shortages during panics, suggesting a taxed expansion up to several million dollars and a system inspired by Canada. It argues bankers seek a simple profitable public role, while Congress could authorize limited asset-note issuance with a heavy tax to retire them when demand subsides.
John H. Whiler announces an application on a Monday in June 1903 for a license to sell spirituous vinous malt and other intoxicating liquors in quantities less than a quart per sale with on premises consumption. The premises occupy the ground floor of a two story brick building on lot 1 in Kimball and Chapman addition, Elkhart, Indiana, fronting South Main Street.
John Zabet, a resident of Concord township, seeks a license to sell intoxicating liquors on premises at a South Main Street ground floor location in Goshen Elkhart county Indiana. The request targets the June 1903 session of the Elkhart county board of commissioners and specifies on premise drinking.
The Indianapolis News quips about a child asking for a new toy trust, contrasting a captain of industry’s many “toy” ventures with the boy’s wish for the latest toy trust reflecting market power and modern business trends.
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