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Newspaper
Sedalia Evening Sentinel
Location
Sedalia, Missouri, United States of America
Date
Aug 05, 1903
Page
2
The Financier warns that treating government securities as quasi endorsements could affect banks with no government deposits. It argues the move would degrade bond values, complicate currency policy, and urges careful consideration before endorsing new legislation.
A federal Supreme Court justice argues for the value of injunctions as preventive tools in a dense, complex economy. He warns against government by injunction and notes abuses in labor union cases, insisting the writ’s utility does not justify its misuse.
The piece discusses potential federal financial legislation shifting security requirements for government deposits. It notes opposition to deposits without security, asserts private and public money are not the same, and predicts Congress may broaden acceptable securities to include municipal bonds and liens, raising concerns about private interests being drawn in.
Secretary Ellis reports corn conditions steady with regional declines and improvements across sections. Hay yields are full and high quality. cotton shows eight point gain. honey and clover forage strong. Apple crop is very unfavorable with about one third of normal.
In session Tuesday the County Court named H. C. Upton constable for Moustonia township to fill the unexpired term of R. T. Dillard after resignation. W. T. Chatham of Lamonte was chosen as justice of the peace to serve the vacancy from the death of Judge W. H. Anderson. A six month dram shop license was issued to E. McGarren.
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