1907. 
849 
PUBLISHER’S DESK. 
Why are the savings banks considered a 
perfectly safe place of investment? Explain 
the difference between the ordinary banks 
of exchange, trust companies and savings 
tanks. Are there any better places for 
small investors than the savings bank? What 
caused the run upon the trust companies In 
New York recently? a header. 
New York. 
It would take a book to answer these 
questions fully. 
Savings banks are owned entirely by 
their depositors; and whatever profit is 
made from the investment of their funds 
belongs to tbe depositors and no one else. 
They are controlled by boards of trustees, 
who have no share in the profits, and 
who draw no salary except a fee for the 
meetings actually attended in the service 
of the bank. The trustees appoint offi¬ 
cers, and employees to conduct the busi¬ 
ness ; and these, of course, draw fixed 
salaries. Then the savings banks are re¬ 
stricted by stringent laws in the invest¬ 
ment of depositors’ money. In New York 
State no more than 50 per cent of the 
value of real estate can be loaned on 
bond and mortgage; and investments in 
municipal bonds and other securities are 
limited to those specified in legislative 
acts. In other words, the law surrounds 
the investment of savings banks’ funds 
with every precaution of safety; and re¬ 
moves the temptation of trustees to over¬ 
step the law by barring them from any 
share in the profits and from any oppor¬ 
tunity to use the funds for personal 
profits. Besides, they usually lay aside a 
portion of each year’s profits as a sur¬ 
plus, and this is an extra source of profit, 
and an extra safeguard for present and 
future depositors. The amount that any 
one person may have on deposit in a 
savings bank is usually limited; and the 
banks reserve the right to demand as 
much as three or four months’ notice of 
intention to withdraw funds. This ad¬ 
vance notice is seldom required; but it 
is a wise precaution in time of panic, be¬ 
cause tbe funds of the banks are invest¬ 
ed in staple securities, largely in real 
estate mortgages, and a sudden and gen¬ 
eral withdrawal would cause embarrass¬ 
ment, no matter how strong the bank 
may be. Interest is paid the depositor 
at stated intervals. No checks are used. 
Interest and withdrawals are paid to the 
individual on presentation of the batik 
book. They are under State inspection. 
The National banks are independent 
corporations organized under Congres¬ 
sional acts. This stock is held by individ¬ 
uals, who share the profit of tbe business. 
They deposit National .bonds in the 
Treasury at Washington, D. C, and are 
allowed to issue their own notes—Na¬ 
tional bank currency—to 90 per cent of 
the amount of the bonds deposited. These 
banks are under the supervision of the 
National Government; are regularly in¬ 
spected, and are not allowed to invest in 
real estate mortgages. They are business 
banks and loan their depositors’ money on 
notes, usually secured by indorsements or 
collateral in the way of stocks or bonds. 
The deposits are subject to check drafts 
at sight. 
There are also State banks. These are 
under State inspection, and allowed to 
take real estate mortgages as security for 
loans, but a National law imposing 10 per 
cent tax on their notes has effectively 
suppressed the issue of State bank cur¬ 
rency, as the tax was expected to do. 
Many old subscribers will remember the 
great inconvenience and loss due to State 
bank notes before tbe passage of the 
National act. The notes of a bank of 
one State were always at a discount in 
another State, and often not redeemable 
in a distant State at all. These banks are 
State corporations, and the stockholders 
share the profits of the business. Like 
National banks they seldom pay interest 
on deposits, the banking facilities afford¬ 
ed customers being considered an equiva¬ 
lent for the use of the deposit; but there 
are some exceptions to this rule. 
The trust companies are also State cor¬ 
porations, and their charter allows them 
broader privileges and more discretion 
than the banks enjoy. They are author¬ 
ized to act as trustees for estates, and 
minor children, and executors of wills. 
They usually have two classes of de¬ 
posit accounts; one subject to check at 
sight, on which a low rate of interest is 
allowed, the other subject to with¬ 
drawal at advance notice. This draws a 
higher rate of interest, usually three per 
cent. There is practically no restriction 
on the class of securities accepted by the 
trust companies. This, of course, gives 
latitude for greater risks and corre¬ 
spondingly greater profits; but it also pro¬ 
vides a temptation to take chances which 
might result in embarrassment or loss. 
These companies are subject to State 
inspection; but in some instances, nota¬ 
bly in New York State of late, this in¬ 
spection has been only nominal and of 
little account except to give official an¬ 
nouncement to the calamity after it has 
occurred. 
THE RURAL NEW-YORKER. 
Savings banks are intended primarily for 
the benefit of frugal wage-earners who 
save a portion of their earnings from 
time to time. For these there is prob¬ 
ably no better place to invest one’s sav¬ 
ings. For those, however, who are sav¬ 
ing with the idea of investing later in 
a home, the local building and loan asso¬ 
ciations furnish many advantages. Make 
these distinctions. In the local associa¬ 
tions every member knows all the others, 
elect their own officers, and know that 
the money is used to buy homes for its 
members. In the general loan associa¬ 
tions the depositors know nothing of the 
officers or of the business, and in many 
of them severe losses have resulted. Next 
week we will try to tell the causes of the 
financial (lurry in New York. 
I enclose you clipping from New York 
Herald. Kindly advise if money invested in 
that scheme is' safe. J- s. 
Florida. 
We don’t know of any investment we 
could consider less safe. The advertiser 
calls himself an Investors’ and Traders’ 
Market Analyst, whatever that may mean. 
The essential thing about him for us is 
that he wants you to send him $5, with 
which he guarantees to win you large 
profits in Wall Street speculation. He 
claims be knows when stocks are going 
up and when they are going down, so 
he can invest your money it> the gamble 
and make big profits for you. Now, just 
look at the proposition with a little horse 
sense. The advertisement cost him $40 to 
print in the Herald, and he was obliged 
to pay it in advance. If he were so sure 
of the advance and fall of stocks as he 
tells you he is he could buy $4,000 worth 
of them for that $40 on a 10 per cent 
margin, and pocket his profit. He could 
go on repeating this operation from day 
to day, until Standard Oil moguls would 
seem poor in comparison with him. 
Where would be the sense of his advertis¬ 
ing for your $5 to use as an investment 
for you? If it were so easy for him to 
scoop in profits for you do you for a mo¬ 
ment think he would give you the benefit 
of his knowledge and talents? If you 
ever want to see your $5 again, just keep 
it out of his wallet. 
We would like to make arrangements 
now for a man to represent The R. N.-Y. 
at every farmers’ meeting to be held dur¬ 
ing the Winter. If you can do this, or 
give us a few days or weeks in your own 
neighborhood, write about it. We also 
have some territory for which we would 
give good reliable men steady employ¬ 
ment by the week. If you can do this 
work yourself or recommend some one 
who would like to have the position, let 
us hear from you. 
I am sending these two trial subscriptions 
myself, with the understanding that in case 
the paper pleases, they will each send it to 
some one else. a. m. t. 
W. Va. 
This thought was suggested by an old 
friend some weeks ago, and already sev¬ 
eral have acted on it. All these 10-week 
trials are resulting most satisfactory, and 
we could wish that each old reader would 
determine to send at least one. We will 
send the little envelopes for distribution 
to anyone who will use them. j. j. n. 
ENTERPRISE POULTRY YARDS, 
No. 39, Ridgefield, Conn. 
BLACK ORPINGTONS, 
WHITE LEGHORNS. 
With utility and fancy demand increasing we are 
still beyond our Winter quarters capacity, and will 
sell at last year’s prices to reduce stock. 
Wo GUARANTEE SATISFACTION on any accepted order. 
R.l. REDS, BARRED ROCKS, W, LEGHORNS, 
W. WYANDOTTES, TOULOUSE GEESE 
STOCK FOR SALE. 
Maplkling Poultry Yards, Box 20, Pulaski, N. Y. 
nnrr Dll A If Pullets, Cocks and Cockerels 
DUll nUulV ForSale. Address 
A. L. VREELAND, Box 288, Nutley, New Jersey 
C HOICE R. C. Brown Leghorn cockerels farm 
raised. A. S. BRIAN, Mt. Ivisco, New York. 
Rose Comb Brown Leghorn Cockerels 
for sale. Very best Strain. 
I. C. HAWKINS, Hullville, New York. 
RHODE ISLAND REDS. 
300 Selected Cockerels. Fine show birds and breed¬ 
ers. All stock sold on approval, $2 to $30 each. 
SINCLAIR SMITH, 602 5th Street, Brooklyn, N. Y. 
CHOICE LIGHT BRAHMAS, LIE," WWB& 
All pure stock. Forsale. J. A. Roberts, Malvern, Pa. 
EMPIRE STATE S. C. WHITE LEGHORNS, 
winners at N. Y. State Fair. Cockerels and pullets 
5 mos. old, from heavy layers, $1.00 each. Catalog 
free. C. II. ZIMMER, Weedsport, New York. 
B ARRED Rocks, Brown Leghorns, Toulouse Geese, 
at half price. Write NELSON’S, Grove City, Pa. 
Pnill TRYMCM- Seiul f° r our new 36-page illus- 
rUULini III LII trated poultry catalogue. Abso¬ 
lutely free. East Donegal Poultry Yards, Marietta,Pa. 
Wanted-WHITE LEGHORN PULLETS 
Name Price, Age and Quality. 
CHESTER CREST, Mount Vernon, N. Y. 
P ULLETS—50 Buff Wyandotte Pullets for sale for 
$1 each. Charles I. Milier, R. F, D. 1. Hudson,N. Y. 
COR SALE,—S. C. White Leghorn Cockerels, 7 
L months old; from a heavy laying strain; hardy and 
vigorous. II. P* WILSON. Castile, N. Y. 
/YNE-QUARTER RLOOI> BRONZE TOMS 
” niake vigorous poults. At prices you will never 
regret paying. Toulouse Geese, Pekin Ducks. Cata¬ 
logue. BERT McCONNELL, Ligonier, Ind. 
TUMBLER PIGEONS Qualities Exclusively 
To reduce stock will sell guaranteed male and female 
at $1 the pair, or 50 cents the pair without guarantee 
of sex. ideal pots that are always saleable. 
F. B. BROWN, West Leesport, Penn. 
BONNIE BRAE 
POULTRY FARM 
New Rochelle, N. Y. 
Special Bargains in Pekin 
Ducks for October and No¬ 
vember. Mated pens of live 
ducks and drake $8.00, two 
pens $15.00, selected breed¬ 
ers or matured young ones. 
Also Single and Rose Comb White Leghorns, Barred 
and White Rocks and White Wyandottes. 1,000 
pullets for sale. Cockerels in any number. Sixty-five 
ribbons and two silver cups at the last Poughkeepsie, 
Danbury, Walden and Madison Square Garden 
Shows. Largest plant in vicinity of New York City. 
Catalogue Free. 
WOODLANDS FARM. 
Record Laying,' Strains of White Wyandottes, 
Barred and White Plymouth Rocks and S. C. 
White Leghorns - 835 Trap Nests. 
Bred for large, symmetrical size, vigorous constitu¬ 
tion and prolific, laying, combined with all the stand¬ 
ard requirements. Address 
L. T. HALLOCK, Proprietor, Iona, New Jersey. 
HEN’S TEETH AND ECCS ARE SCARCE.— Feed 
Mikashel-Silica Poultry Grit, Nature’s egg producer. 
Send 50c. for 100 pound bag, or ask your toed dealer. 
Edge Hili. Silica Rock Co., New Brunswick, N. J. 
Raise! in small lots; are strongntid 
renne I O healthy; warranted good rat and 
rabbit hunters. Also, a few choice Fox Terrier Pups. 
For descriptive circular and price list, write 
SHADY LAWN FERRET FARM, New London,Ohio 
Many A Man 
lias been detered from buying 
Fodder Cutter because 
his power was not heavy 
enough to 
run one. 
an Ensilage and 
Gale-Baldwin and 
Cuts 4 
itllTrri-nt 
Length*. 
Any length 
of elevator de¬ 
sired, safety fly 
wheel, safety 
treadle lover. 
Baldwin 
ENSILAGE AND DRY FODDER CUTTERS 
WITH OR WITHOUT TRAVELING FEED TABLE 
Require less power than any similar machine made. 
Thsy cut faster, food easior, lasf longer and have this 
additional advantage of REQUIRING LESS POWER. 
Don’t buy a cutter until you get our free catalogue and 
prices. Wo will save you money. 
Tha BELCHER & TAYLOR A.T.C0.,Box 75, Chieopee Falls, Miss. 
MORE EGGS 
Rust's Egg Producer—keeps 
hens laying steadily all winter. 
I’rices l ie to 25c per lb. at dealers. 
Rust's Egg Record and valuable 
booklet free. Write today. 
WILLIAM RUST & SONS, 
Dept. P, New Brunawick, N.J 
QUINCY, ILL 
INCUBATOR WHYS 
Ournew bookteltlng"Whys” 
of poultry profits and why 
our Incubator Is uniformly 
successful, will be sent you 
free on request. We pay freight 
and guarantee our machines. 
POULTRY 
SUPPLIES, 
We sell everything the poultryman needs. 
Incubators, Brooders, Foods, Remedies, Lice I 
Killers, Wire Netting. Get our catalog be-1 
fore you buy. Write for it today. It’s Free. 
United Incubator & Poultry Supply Mfg. Co., 
Dept. HG. 26-28 Vesey St, New York City. 
MII K I* If you want jour chickens to be profitable feed them 
_ _ _ _ _ __ _ _ plenty of cut green bone—it’s a oheap feed— 
OllluKEll makes lot* of egga—fine, fat blrds^ *" 
MONEY 
Orind It In this Standard, Bone, 
Cutter and feed it fresh for 
bostreBultt. Thla 18.80 Cut¬ 
ter just what you want for the 1 , 
I farm. W rite today tor free trial plan and prices of other 
sizes—all made and guaranteed by a responsible concert^ 
Standard Bone Cutter Co., Milford, Mass. 
Make Money With Fowls 
Beginners, Broiler Raisers, Egg Farmers, 
and Experiment Stations Use and Rec¬ 
ommend 
ERS INCUBATORS 
for FREE 260-Page Book—“Howto 
Make Money with Poultry & Incubators." 
Cyphers Incubator Co., Buffalo. N.Y. 
BRANCHES: New York, Boston, Chicago, 
Kansas City, Oakland, Cal., and London, Eng. 
m HEN FOOD 
Is green bone fresh cut. Rich i n protein and 
all other egg elements. Its egg producing 
value is four times that of grain. The eggs 
are more fertile, chicks more vigorous, fowls 
heavier. This makes green bone cheap food. 
Mann’s Latest Model Bone Cutter. 
Cuts all bone, meat and gristle. Never clogs. 10 DAYS 
FREE TRIAL. No money in advance. Cat’lg free. 
F. W. MANN CO., Box 15, MILFORD, MASS. 
10 000 FERRETS from Helected breeders. Per- 
* feet workers. They exterminate rats, 
drive out rabbit*. -48 p. illtm’d hook and price 
lixl free. s _ |. vUNSUOItTII, Ulddletnnn, Ohio. 
4 - 
JUICY STEAKS 
To repair waste tissue in an animal organism requires food. To make growth 
necessitates the giving of a greater portion, and to build fat on tissue—the end 
sought in putting a steer, hog, or sheep in market condition—calls for a very 
large consumption of nutritious elements. Now heavy feeding has a tendency to 
bring about derangement of the digestive organs. The wise feeder prepares the 
afiimal system against the steady and tiring strain which the stuffing process 
puts on both stomach and nerves. 
He follows the suggestion of Dr. Hess (M. D., D. V. S.), who has formu¬ 
lated a prescription in which are found the elements long ago recognized as 
beneficial in building up and strengthening the digestion. 
D* HESS STOCK FOOD 
not only makes the ration digest perfectly, but It creates Increased appetite or more. 
A steer fed with Dr. Hess Btook Food consumes, besides its grain, a larger amount of 
rough fodder, which of course makes the grain more available for fat forming, thus 
adding to the prolit of feeding. 
Dr. Hess Stock Food contains also iron for the blood and nitrates to act as cleansers 
of the system, which are endorsed by such men as Professors Quitman, Winslow and 
Finley Dun. It makes cows give more milk and keeps farm teams in line condition. 
Sold on a Written Guarantee. 
lOO lbs., $5.00; 25 lb. pail, $1.60.\Except in Canada and extrema 
Smaller quantities at a slight advance. J West and South. 
Where Dr. Hess Stock Food differs in particular is in the dose—it’s small and fed but twice a day, 
which proves it has the most digestive strength to the pound. Our Government recognizes Dr. HesB 
Stock Food as a medicinal compound, and this paper is back of the guarantee. 
FREE from the 1st to t he 10th of each month—Dr. Hess (M. D., D.V. S.) vyill prescribe for your ailing 
animals. You can have his UO-pago Veterinary Book any time for the asking. Mention this paper. 
DR. HESS & CLARK, Ashland, Ohio. 
Also manufacturers of DR. HESS POULTRY PAN-A-CE-A exnd INSTANT LOUSE KILLER. 
INSTANT LOUSE KILLER KILLS LICE 
iiu' 1 " 
L 
