Newspaper Archive of
The Kalona News
Kalona, Iowa
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May 8, 1896     The Kalona News
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May 8, 1896
 

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KALONA NEWS. E: WHETSTINE, Publisher. - IOWA. a friend, three things are honor him when present, ,raise him when absent, and to as- him in his necessities. A young woman visiting in Philadel- committed suicide because a rest- admirer proposed marriage. Well, are sorry for her; but she certainly pretty easily. T~ Slmou Sam has been elected prest- of Hayti to sncc(ed Cen. Itippol- It will be a relief to have a Hay- executive whose name can be correctly qt tile lirst effort. Several esteemed contemporaries ex- "an actress was in Chicago one day nnd was the next." The only surprising this ease is that it wns not LI Chang of the Chinese legation at was initiated Into the Ma- fraternity. After subduing the goat the almond-eyed m~ay be encouraged to try go with the Japs. i Ben Frauklin tins been appointed of Arizona. We always trove confident that sooner or later that Fl~anklin wohld he imard from. the penchant for fly- kites, after the paper went to press. ~he ~pe~pte of ~his country desire W i't~h all nations. (~f course, and they ~lre in favor o'f the ~truction (~f more battle-ships and boats, as su- posed to the hugging may have the prlvHege of wi'th'holdin.g their endear- ments. A learned Italian archaeologist, Prof. Sergi, advances the interesting state- meat that the Italians were defeated in Abyssinia by men of their own rnce. He contends that the most of the popu- lation of Spain, Italy, and Greece are Hamites, and came originally from Ethiopia, Somali Island. and South Arabia. After entering Egypt, accord- Ing to the professor, the IIamites spread east as far as Syria and west to the Canaries'. The Iberians, Lycurians, Pe- lasgians, and Etruscans. branches of the main stem. overran Southern Rus- sia. Switzerland. France and Great Britain. In the later stone age, how- ever. they were exterminated in Swit- zerland, in Franee were driven south of the Loire. rind south and west ill I),ritain by the Celt~. If the Profes- sor's theory be true, it would appear 4" that the Itamites of Abyssinia are much stronger and more formidable than tile Hamltes of Italy. T.~lere is no reason why the ~olven< (rankers of CMcago s, hould tbo dis- ~url)ed by the decis,ion of the Illinods Sulu'eme Court in tlle Meadowcro,ft ('a, se, or lift G finger to try to induce ~n ~al, most unan/mous court to reverse it. (~ood bankers should be' pleased ~wl~h a decision which will affec~ ~nly 'di, shonest :~nd specnlative ones whose ',~l,~cul,ations turn out b:~dly. T,he oft- lener su(,h ~ueu are punished qnd driven ou~ of the banking bus~ness bhe bel~ter 'will it be for rt~putable bankers. The %~w w, hic'h l'he Supreme (h)urt has up- held s'ays that if at the .ime of re- ~:civing a claps,sit a I)qnker is insol- 'vent he may, on convicEon, be se~t to *the I)en~tentiary tel e~nbezzl(m~ent. No 'hont~t man ou~z,h~ to find .fau,X w'ith ~such a law. It is-true, ,h~lt dei>0sits are received of'ten ,by men who knaw 'they are then in solveut, ~ut who do not ,intend to e~l~bezzle ,tile money. Whey b~l)e they will be wble ~o pull ~hrough lind th~at so,me lucky chance 'will ~nake evet'y~thing all right, and 'ena.ble thenl to pay their deoositors. But ]t is riglrt that that ldnd of bank- ,ins shguhl be diseoum~-ed. B,ankers [who.are no: speculators ought to be ~lad to see i~ discouraged. The law l)rov, ides also tlmt ~t~e failure, suspen- Sion or involunt:try li(iuidaion of a ~)ank-ing concern within thirty days after the time of receiving a deposit shaH be prim~ f'acie evidence of ,nn at- 'tempt to defraud This provision is said to be me severe aml lmnk officers are told that i a sudden panic, a dis- astrou~ fire, or some (>ther.u.uexpected k'asu,flty compels a really solvent insti- tution suspend they may be sent to t.he peni~tentiary. Tha't .is borrowing trouillc. The "'prima faeie evidence of an intent to defraud" can l)e met by e~-idence show:ing the bank was sol- vent the day tile deposit was received. if it was. petit juries wll.1 not convict. and grand juries will noz indict. If it was not, however, the officers oug'ht MRS. CLEVELAND'S WALKS. ne~s in such a re(~kless find uubusiness. like way as to court insolvency. The taw ns laid dorwn by the Supreme Court ~ill send no innocent man to the pen.itential'y, but it ~vill'have a ten- deney to keep ou't of the banking busi- ne~ specnta~ive and ot'herwise dis- qualified individuals, who ought net ~o be alIowed to t'llro~v a~yay other people's m