The Houston Post from Houston, Texas • Page 9

IIOUSTOtf DAILY POST: THURSDAY MORNING. MAY 10. 1906. -r mmmawmmwwmm TEXAS BANKERS' ASSOCIATION ft mmmSZM stli' Help Young People to Education. Free scholarships In good Institutions, tome af which Include board and Incidental sxpensei, placed within reach of self-supporting pupils Industrious boya and girla to be given splendid opportunity to gain admission to wisdom'a halls.

'The gods help them who help themselves," la a proverb handed down from olden ttmim In It. nliatfonl- oanuo 1 la tma (nilnv SB It WM In tllA mvthnlnirlpnl II ffOO Nearly Five Hundred of the Members Are Attending the Annual Session at San Antonio? C3 Tht turnpike road to peoples' hearts, I find, Lies through their mouths, or I mis tae mankind. fetcr iadir. Swlien the gods of the ancient's held revel on MATTERS OF IMPORTANCE ARE UP FOR DISCUSSION Vfta And the turnpike guide post is the trade mark of the National Biscuit Company. It points the way to the food of quality biscuit and crackers so perfectly Effort Will Be Made to Have the Method of Electing the Officers Changed.

It Is Proposed to Employ One Expert to Make Repairs on Time Locks. The Entertainment Program Included a Military Review at the Post. baked and properly protected; so cleanly packed and freshly kept, that thev never fail to 'r IV please in their mission to the appetite and heart. This trade mark always appears in red and white. It is placed on each end of a dust and moisture proof package that keeps the contents in their original condition.

National Biscuit Company products are thus distinguished and warranted you are thus protected and guided, in buying the most perfect of bakery products. tinies from iia hoary summit. In these modern times, the heathen gods have been relegated to a scrap-heap along with many1 other myths and idols believed In and worshipped by our remote ancestors. But self-Help still counts and la the best help of all, whether the gods have anything to do with it or not. It Is a fact, however, thafr self-help begets help, for people are never so willing to lend a helping hand to anylAne as when they see that the one In need of help Is trying to help himself.

Tl)at Is the principle upon which The Houston Post's Educational Contest is -based. Given the opportunity to earn some profitable trip and valuable scholarship. The Posthas demonstrated there are a niynber of worthy young ladleaand bright boys and girls in the State of Texas who are glad of the chance to capture the valuable prises placed within their reach. Furthermore, The Post has found that its thousands of readers, both old and young, are glad to help the exemplary young people who are thus driving to achieve a laudable ambition. EVERYBODY CAN HELP.

Every Kindly disposed person who believes In culture and higher education has a chance to help two of the competitors at the same time, one for a vacation trip and one for a scholarship, which The Post proposes to distribute among those who prove themselves the most Intelligent, and deserving In this contest. Every subscriber to the Daily and Sunday Pout may take a hand in electing the candidates to whom the prizes shall be awarded. who are not already subscribers-may become electors by subscribing for The Dally Post. The voting power of any subscriber will be In propoiMon to the amount prepaid on subscriptions, according to the schedule printed belonr. CLIP THE POPULAR DOUBLE BALL0T8 (SEE PAGE 2).

1 A double ballot, good for one or more votes for a trip contestant and also good tor one or more votes for a scholarship contestant, is printed daily on the second page of The Post. The publication of this popular ballot In the columns of The Post will be discontinued about a week before the end of the contest, in order to make the final count less taxing upon the Contest" Department. These ballots should be cut qnart and voted separately. A subscriber may accumulate ballots for a week or more and vole the lot. For the convenience of The Post, the subscriber may send the ballots In separate envelopes, one envelope for his favorite trip contestant, the other envelope for his favorite scholarship contestant.

If the subscriber has not yet made choice of contestants, he may want to keep his coupons until the right contestant comes along to claim them. SCHOLARSHIP PRIZES. Scholarships exceeding a cash value of $3671 are offered as prizes in the scholarship divisioa of the contest. A simple mention of some of the schools In which The Post already has. secured twenty-five scholarships will convey some Idea of the desirability of these prizes.

Other schools of high standing will be added to this list this week. The advantages which the schools offer will be treated in special articles, ap- As an example Uj a package of GRAHAM CRACKERS. Yon will instantly fecognise their superiority oser any ordinary Graham crackers yoa ever tasted. They contain all th good of tha beat Graham floor enhanced by perfect baking. NATIONAL BISCUIT COMPANY ri scandalous and usually Intra family administration of insolvent estates under State laws.

"It has greatly reduced the expenses of administering such estates. 'Conversely, it bus Increased the dividends paid to creditors. 'Likewise, it haa elminated State lines so far as creditors are concerned and conv pel led pro rating, no matter where the creditor resides. 'It prompt administration. "It puts such administration In the control of an officer chosen by the creditors, rot, as under State laws, chosen by the debtor or his attorney.

It suggests and makes easy searching examination Into the affairs of the debtor and the cause of his bankruptcy. It encourages adjustments out of court and composition In court. 'It has stimulated credit. 'Further, there is no middle ground between Federal administration and State administration; or, put In another way, there is no middle ground between a uniform law applying to the whole nation and the chaos of laws or no laws, which would result In case this subject were again relegated to the RESORT TO fOCRTS. "In the adjustment of matters issue between creditor and debtor, ordinarily, the Intervention of some court is resorted to.

The district courts of the United States In the several States, the district courts In the several Territories, and the I'nited States courts In the Indian Territory are courts of bankruptcy. In the geographical divisions mentioned. 'J "These courts have demonstrated clearly their efficiency In the supervision of bankruptcy matters. In thus speaking of these courts I mean no disparagement of our State Judiciary. As a rule tbey, too, are excellent men and good lawyers.

They are, however, more subject to the pqpular prejudices which sometimes exert a potent influence against, administration of the law. The method of selecting the two classes of judiciary Is radically different. The ma finer of selecting the Federal judiciary, unquestionably creates a superior Judiciary. How frequently do we see In contests for judicial positions under the poular ejection law, the best qualified ansrnost suitable candidates defeated. "The present bankruptcy law should be amended in some features.

The difficulty of procuring trustees who are qualified and competent has been very manifest to the referees. In almost every case men. as trustees, are appointed who have no knowledge of their duties, as defined by law. If there was an official trustee in each county and I populous city It would be more satisfactory, i inina. aiiq even it mis was me, iuw, such trustee should' serve only subjtVi to the approval of the majority of creators.

There are several other amendments need State In the Union, should have the same show it nd protection agai nst he debtor as his home creditors are afforded. "Th view that many of us hove taken of this has been from the point of the debtor side of the question. This one-sided condition is undergoing a change and this change will become more pronounced In the future. We are beginning to manufacture many products, which find a market and are sold outside of the State. "That the wonderful and constantly Increasing volume of commerce between States demands the retention of the bankruptcy law, I think, there is no ground for doubt.

Much of the opposition to the law. I fear, is based on what, politically, is thought to be the unjust Interference of Federal government with State rights. If this is true. It is unfortunate that we should ground our opposition on so poor a basis. The Intimate relations, between States, as respects commerce, and the general welfare of the citizens of the entire Union now demand and in future will increase the demand for the obliteration of State lines, when that obliteration inures tp the advantage and benefit of the people.

Illustrative of this Is the Interstate commerce law, the bankruptcy law and the now prospective National quarantine law. ADVANTAGES OF TJHE LAW. "The present bankruptcy law has demon-started its efficiency to the commercial and business interests of the country In a very satisfactory manner. Its repeal would be a step backward. This would be very unfortunate to the general welfare of the commercial world.

Mr. Justice Story In his commentaries of the constitution said: lt Is extraordinary that a commercial nnthm, spreading its enterprises through the whob world and possessing such Infinitely varied Internal trade, reaching almost to every cottage in the most distant States, should voluntarily surrender up a system which has elsewhere enjoyed such general favor as the best security of creditors against fraud, and the best protection of debtors against 1 do not blieve the present system will 'be surrendered It is too vital an interest to the welfare of our natlou to repeal. After the repeal of the law in 1873 a strong move was made by the commercial world for the enactment of a new law and It required some ten or twelve years of hard work, after the Introduction of the Torrey bill, before the present law was en-acted. At a conference of representatives of the American Bar association, the National Association of Credit Men. the National board of trade, the Merchants' Association of New York and the Commercial Law Leag of A merica held In York I December, W0f.

to draft certain amendments to the piesent law. they stated that: The chief advantage of the present law may here also be summarised as follows: 'It practically prevents preferences. It aives to honest debtors a discharge available throughout the I'niled States. It has largely put an end to the often ed, but a discussion of them now would be out of place. "In conclusion, I reiterate that I think ths present law should be retained and amended from time to time as necessity demands." CATHOLICKNIGHTS.

i Selected Austin as the Next Place of Meeting and Elected Officers. tHaston Pott Special.) CORPUS CHRISTT, Texas, May a two days' session, the thirteenth State council of the Catholic Knights of America, adjourned this evening after selecting; Austin for the next meeting: place and selecting: the following officers: Rev. P. J. Clancy of Waco, spiritual director: W.

P. Brady of Austin, president: J. V. Falvella of Corpus vice- president: K. F.

Kelehce o( Austin, secretary: Edward Bauerlee of Waco, treasurer: James O. Dowd of Fort Worth and li. E. Shay of Ualveston, supreme representatives, and D. P.

Kelehea of Austin and William Blakesle of HaUeta-vllle, alternates. This afternoon the delegates were given sail on Corpus Christ! bay and tonight a big banquet took place at the new Constanline hotel. SAM BICKEESTAFF DEAD. John Smith Eat Been Remanded Jail Without Bail. tHnslan Pot! Spreial.) DAr.I.AH.

Texas. May Samuel Bicker? ataff, years old. died today at his residence, i'. Motley avenue. Knife wound were inflicted, on his person on April 77 a nva'r Commerce and Waltnu John Smith, who tt la claimed by th liers of ttc sheriffs department' Out cutting, was arrested today.

rtni jfl" examining trial oefore Justice, ci i'h Kdwards, waa committed to jail bail. Bickerstuff had lived In Dallas for teen years, and was a butcher by tntd rl is survived by a widow, one child and i father. Smith is a leather worker by trade. Tabor to Attend Banquet. I Houston Pelt Stfdml.i NEW ORLEANS, May S.

Presld.it Ooda-chaux of the Progressive I'nlon Is In re ceipt of a letter of acceptance from Dr. tjeorge Tabor, health officer of the State of Tesas. who will reach tho city on the of the lath to be present at the Progressive Union's nnnuni dinner. Dr. Tuhot' having been especially Invited to be one the guests of the Progressive Union the occasion In question.

an pea ring from time to time in these columns, THE UNIVERSITY OF TEXAS, Austin. Texas, Boys or girls. One scholarship In any department. Including matriculation fe and Incidental ex- $enii. With this scholarship will be given In cash, the approximate cost of loard for the session ai Bracken ridge Hall for boys and Woman's Building for girls.

THE THOMAS SCHOOL FOR GIRLS, San Antonio, Texas. One scholarship. Including board, literary tuition, gymnasium work and laundry. Good for nine months' tuition and maintenance In the school. WEST TEXAS MILITARY ACADEMY, San Antonio, Texas.

For boys. General tuition in all branches, including uniforms, board ana incidental ex-peiiHes. ANTON DIEHL'S CONSERVATORY OF MUSIC, Houston, Tsxas. Anton Plehl, director. One scholarship, good In any department.

Voice, pipe organ, piano, violin, 'cello, mandolin, guitar, harp, any orchestral or band Instrument, physical culture and expression, harmony and composition. COLLEGE OF INDUSTRIAL ARTS, Denton, Texas. One scholarship with $75 cash to apply on board for the term. PEACOCK'S MILITARY SCHOOL FOR BOYS, San Antonio, Texas. One scholarship, including board for term, general tuition, incidental expenses and military uniforms.

AUSTIN MALE ACADEMY, Austin, Texas. A preparatory school for the State University. One scholarship, board or expenses not included. ST. AGNES ACADEMY, Houston, Texas.

Catholic boarding and day school for girls. This scholar-snip includes board and tuition for ten school months. HOUSTON TELEGRAPH COLLEGE, Houston, Texas. Two scholarships in telegraphy, without board or incidental expense. HOUSTON CONSERVATORY OF MUSIC, Houston, Texas.

Boys or Girts. One scholarship in any department, piano, voli-e. violin, music, kindergarten or depart of expression with physical culture, with instructions In special lines. Without board or incidental expenses. DRAUGHON'S PRACTICAL BUSINESS COLLEGE.

Boys or Girls. Four combined scholarships, two for twelve months nnd two for six months, good In anv Texas branch of this famous business college, tiling located at Galveston. El Paso. Tvler. Waco, Austin.

Fori Worm. San Antonio or Denison. Good for correspondence course if preferred. These scholarships are free from incidental expenses, but do not Include board. WOTwnnf Mount Olympus tad directed human des ALLEN ACADEMY Bryan, Texas.

For Boys. Private preparatory school, religious, but on -sectarian. One scholarship, including board. THE TEXAS WOMAN'S COLLEGE. Exclusively for women and girls, situated on the magnificent grounds near Bryan, Texas.

Clean, nice rooms in the new brick dormitory. One scholarship, good for one year'g tuition In music and literary instruction. $135. If taken by a non-resident desiring board, the scholarship includes board and literary tuition, the value of same being $215. O.

Butler, president. BAYLOR UNIVERSITY, Waco. Texas. School for both Boys an Girls. Academic and college departments.

TEXAS CHRISTIAN UNIVERSITY, Waco, Texas. Boya or Girls, Young Men and Young Women. One scholarship. Good In literary and musical departments. Total value $170.

SAM HOUSTON NORMAL SCHOOL Hunts- vllle, Texas. Scholarship with $50 cash to apply on board. AGRICULTURAL AND MECHANICAL COLLEGE OF TEXAS. College, Texas. Scholarship with $150 to apply on living expenses.

MAGNOLIA CITY BUSINESS COLLEGE, corner Capitol and Fannin streets. J. T. Atwood. president.

Two scholarships of six months each In either the modern illustrative bookkeeping or stenographic courses. Including all the desired preparatory and academic branches. No incidental fees collected. BAYLOR FEMALE COLLEGE, Belton, Texas. W.

A. Wilson, president. One scholarship in any department, including board, laundry, Incidental and matriculation fees, the catalogue value of which la $235. This scholarship In the literary depart-ment embraces a regular college curriculum equal to- tfcat of the best schools for men. It includes, without extra charge, ancient and modern languages.

BAYLOR FEMALE COLLEGE, Belton, Texas. rA. Wilson, president. One scholarship in art. including incidental and matriculation fees.

Painting in oil. drawing, china, pastel, pyrography, the value of which Is fti7.50. This does not include board. This department Is under the management of an artist of most excellent reputation. Students going from the art school connected with Baylor College have taken high rank as teachers of art In some of the best schools of the Southwest.

BAYLOR FEMALE COLLEGE, Belton, Texas. W. A. Wilson, president. One scholarship in mufse or elocution, including incidental and matriculation fees to the value of $67.

Mh This Institution is known nil over the West and South for its musical advantages, which are equal to those of the best Eastern conservatories. THE SCHORALSHIPS. Blan of Distribution. The Scholarships, offered by The Post are to be swarded by votes. Both coupons and cash subscriptions count the same as In the Vacation Trips, each double coupon and each subscription being allowed as votes for both divisions.

The territory will be divided into two districts, Houston and Harris couuty forming division No. 1. and territory outride of Harris county division No. 2. The contestsnt securing the highest vote Irrespective of district will have first choice of all scholarships.

The second choice will fall to the contestant of highest vote in that district which did not get the first choice. The third choice will be made by the third highest contestant, the right of choice alternating between the two districts: and so on in the same manner to and Including the tenth choice of scholarships. For the remainder of the scholarships and other prises that come under the scholarship list, distribution will be made as follows: One of every three scholarships will go to district No. 1 (or Harris county); the other two will go to district No. 2, and so on until all risen are distributed.

The same general rules as to length of content, method of conducting the contest, a are given under vacation trips apply as well to scholarships. No cou testa tit can compete in both divisions. Any boy or girl who wants an education should nil out the voting coupon in this advertisement and send It to The Post. That will enter the name in the contest. Some of the scholarships include board and room for the school year.

Scholarships exceeding a cash value of $300Q are offered as prises in the scholarship division of the contest. A simple mention of some of the schools In which The Post already has secured nineteen scholarship will ronvey some Idea of the desirabilitv of thee primes. Other schools of high standing will le added to this list this week. The advantages which the schools offer will be treated lu special articles, appearing from time to time In these columns. CREDITS PRICE SEMI-WEEKLY POST Credits Price New Old By Mail 1 Yeat 250 125 $1.00 6 Mos 120 60 50 (Houston Pott Spicul.1 BAN ANTONIO, Texan.

May The first day of the Texan Bankers' association was one full of Interest to the BOO bankers here today. The conventlou this morning lasted until 1 o'clock. A reception to the visiting-bankers' wives Was held by the ladles of Ban Antonio before the convention. Last evening- at 6:30 o'clock the bankers witnessed a military review at Fort Sam Houston and tonight they saw ttie "Mikado" at Electrlo park. At th convention at Beethoven ball committees were appointed to act upon and to report tomorrow upon legislative subjects of Importance, subjects of which are now be-" tore congress.

The Texas bankers are opposed to the postal savings bank law. This law makes a bank out of every postofflce. Postofflces are authorised to accept deposits and would be competing with banks In every locality. While (be banks could accept deposits, the law does not authorise them to make loans except on certsln approved bonds and lu cities of 20,000 or over. The bankers are In favor of the bill which for the better secui'Uy tor deposits all National banks.

It provides for the, assessment of all National banks varying in amounts for the purpose of establishing a reaerve to protect depositors from Nattonnl bsnk failures. This fund hi to be accumulated until It reaches t6.000.000, and the assessment Is then to cease until the fund is partially depleted. The law prohibits the advertising by publication that National batik depositors are paid In this way. The bankers are in favor of a negotiable bill of lading and want congress to define what a bill of lading is. At present banks are held responsible for bills of lading they sccept and consequently they are not negotiable.

When Secretary Sutler announced at the convention this morning that there- were S2O0O In the treasury of the association, C. W. Bryant of Wheelwright moved that 10 per cent of the amount be donated to the Befle-vue tornado sufferers. The motion carried and 1200 was ordered sent to the relief fund. Secretary Butler has been secretary of the association for the last five years.

Since he has been secretary It has grown from a membership of nightly over 300 to over "00. Butler's friends say he has been so successful as an executive officer they are going to try and put him In line for election to president of the association. CHANGE IS DESIRED. Dave H. Shapira of Madisonvllle will offer a resolution at the convention tomorrow changing the method of election of officers.

Heretofore the election has been by rotation, the vioe presidents moving up each time until they became president. The only contest in the election of officers by this method is the election of a second vice president. This method will not Interfere w)th the election tomorrow. C. A.

Beasley wilK be elected president and Edwin Chamberlain first vice president. If this change Is not made, there are three candidates for second vice president. They are Z. Yantls of Urownsvllle. Judge E.

Dunlap of Waxahai-liie and' J. W. Butler of Clifton. If the by-Iuwa are not changed in regard to elections, J. W.

Butler will probably be re-elected secretary. Comus Christ! seems to be the only place talked of for the next annual convention. J. Hlrsoh of the National bank of Corpus Christl and Clark Pease of the Cltv National bank of that place are here working among the members to net the convention next yeiir. A resolution is to be Introduced tomorrow cutting down the membershin of the executive committee.

At present there are thlr-? teen members. It -is proposed to cut the membership to nine to save expenses and facilitate business. The Texas bankers today sent messages of greeting to the Mississippi Bunkers' association, now In convention at Meridian. and to the South Carolina Bankers' association, now In session at Oreenville, S. C.

At the suggestion of J. W. Butler, secretary of the association, it was decided to employ an expert to repair and clean time locks on saTes. The expert ran be employed to look after the locks for each. The bankers have been Individually paying an expert from tlj to 126 for cleaning and repairing locks.

The reception of the ladies at the Menger hotel this morning was a pleasing- affsir. At 5:30 o'clock the bankers witnessed a military review of the Twenty-sixth Infantry. PRESIDENT 8 ADDRESS. Following the address of welcome and response, President J. White of McKinney delivered the annual address.

He said: "We are today assembled In the twenty-second annual convention of the association, and sre assembled In the city that Is most dear to all Texans. for It Is liuked with so many events that occurred while the great State of Texiis was seeking Its independence. "Near where we now stand the earth drank the blond of Texas martyrs, and this baptism of blood made Texas an Independent republic and was the stepping stone that made her one of the great Slates of our Inlon. Texas being now the fifth State In the confederation of States. It will be but a few more years until she will.

In population- and weaitn, rival new lorx. tne now empire 8tate. "I congratulate ttie convention -tor havThg the privilege of meeting In this beloved clly and to have extended to you such a cordial welcome to Its sacred limits. To the gentleman who has Just extended the welcome, I tender the thanks of this entire convention, and while he claims It as his home cltv, we also elslin it as part of our heritage, for San Antonio belongs to all Texaa." He congratulated the hankers on the assistance they had leat to California, and said their action would go a long wav toward getting their account "out of the red." TOO MANT SMALL BANKS. "I shall not take up time to call your attention to matters of bank money orders or cipher codes.

These matters will all come up during the session. At our meeting held at Kl Taso the association went on record as Fitters Do you get up with a se vere headache, coated tongue and bad taste in the mouth? If so. you need a few doses of the Bitters at oncer It will set things right again and thus prevent Dyspepsia, Indigestion, Costlveness, Liver Troubles, Belching, Heartburn, Cramps, Female Ills or Malarial Fever. Try it. I favoring- a Btatc bank law.

Since then the sam Iihh gone Into opera I Ion, urn) at the present time there are nearly, or nuire, a hundred thea bankx In operation. An to tha auccea of thia departure in bunking in our State, It It too early to judge, but the lndlcuflons are that It will be a flureeKsful meuHure and become- popular. We nee but one trouble, and that 1" the great multiplicity of amall banka thut, I tliink. hang an a menace over the future banking huHineia of this Btute. For should troublous tim-B come upon us, there being so qiany of thene smaller Institutions that thev might not be taken care of by the larger institutions, and come iu gnei.

Ana ih wu Known mm the failure of even the smallest ones is harmful. Tne matter ttutt the officers of the past year have given nroat attention to is that of the detective department. We have felt that this part of the association business should have its fullest mead of support, for In the detection and punishment of criminals we are all interested and must depend largely on the association to protect us along this line, and we Insist that too much attention cun nut be given this department. THE LARGE MEMBERSHIP. 'I am gratified to say to you thut our association still gTows, and I believe (now tn membership we lead every State In the Union.

I must compliment and thank our secretary on his xeal In building up this membership. Our district meetings are all being enthusiastically held, and a district meeting now Is greater than was our State meeting a few years ago. As long; as district meetings are vigorous so long will our present association continue to grow. "I come now to congratulate not only the bankers of the State, but the entire Slate on the position that our beloved Stute in taking In the m'orld. for Texas Is on the eve of the very greatest development for he en tire country is now looking at it for Investment, and capital Is pouring in at every gateway, and soon there will be such an advancement along all lines that It will surprise even the most sanguine of us.

The world is just beginning to learn that Texas is un empire in Itself; that It produces one-third of the cotton crop of the world; that It has more wheat land than both laakotas; more corn land than Illinois; more fruit land than California; more timber land than Michigan: inure rice land than all the rest of the country; more marble thun Vermont; more granite than New Hampshire; more oil than Pennsylvania; more iron than Alabama; more gypsum than any other State; more Hgnite than the whole of Europe; more railroad mileage than any other State; more cattle than any other State; more coal fields than Pennsylvania; more kaolin than all Europe; that she has the lowest tax rate and the largest school fund of any State in the ITnion; that she is first In population, and that she has more than doUDled in the past twenty years, and with ail those facts staring the capit.il of the world in the face, why should It not come to Texas. But without the aid of foreign capital, Texas has wonderfully developed, and to the hankers of Texas she owes this debt of gratitude, for it Is to them that credit Is due. For with a broad view of conditions and faith In the future they have rushed in to aid In this great development, THE LEGISLATION NEEDED. "In the matter of legislation that should be enacted for the good of banks, would urge every banker to use his Influence to have the bill pass congress authorizing the loaning of money to the extent of one-tenth of both capital and surplus. This measure has pased the house, but has not been acted on by the senate.

I think it would be wise if our legislature would wrs what is known as the negotiable instrument law and take our pluce amotig the twenty-eight States that have adopted this law: other legislation la finding It affecting the banks, but I must not take up your time to mention It. "I again congratulate the banks of Texas on present condit inns and hope the uc may be equally ns good, and beg to thank the other officers for their help during the past year." THE BANKrTpTCT LAWS. O. K. Dunlap.

president of the Citizt ns National bank of Waxahachie. delivered an address covering" the question of bankruptcy. He held that the pr'snt law should be maintained, but shoulu be amended lr. regard to some minor features. His subject was.

"Should the Present Bankruptcy Law BA Amended or Repealed?" He said in part: "It was my pleasure and honor to discu-in the bankruptcy las- before this lu this beautiful historic old city soon aftvr Its passage. At mat time Us practical workings had t.ot hvn demonstrated. it was doubtful with many whether the previsions of the law would meet the denial. ds of justice in the equitable adjustment the relations between creditor frnd debtor. The hanker was not alone In want ct knowledge respociirg tho utility and ci -ficiency of the bankruptcy, law.

The lawyers and the business men In common w-rc all equally ignorant of what results it wod produce. This l.u of Information, whl -a was almost universal, was pardonable. the reason that twenty yearn had elaps I between the repeal of the last law and tl -enactment of the present law. And. mv -over, there existed nuiny differences in ti two acts.

Nearly etlit years have pass I stie the enactment of the present lov. i Within that period the business clas of cv-i cilixtns iave. irom wnnuT inu iiwrvn-tlon. gained much information of value the law and its application to our reeds. IN POSITION TO JUDGE.

"I believe that tin bankers and those engaged In commercial and manufacturing pursuits- are In a better position to judge and appreciate the necessity and usefulness of the law than many who represent us In out-National legislature. This opinion. I think. Is verified by the nmrber of bills introduced for the repeal of the bankruptcy law. Ther- have been six bills since convened In I -ember for the repeal of ire law.

and eight Vm containing amendments to the law. That there should tie a uniform insolvent Vitmnal law I think will be conceded by ncailv every Intelligent, experienced bun lies ni.u) who has given the subject study. "Texas has a gene -m' assignment law uu-dr which the deb rroy be discharged oa certain conditions, it Uiia law Is seldom resorted to. We a)-' have judicial legislation, in which the held that the uebu.r could execute a of trust and in stub dee4 give to the trus'ep the powrr to te the property cum in trust, sell the came si c.pplv the in rn.vmi nt of ihe creditors, in th- rr-eferemiaj urdr In ahl died, 1 da not question the legality of tne oe na.v.:. inn It afforded the unscrupulous 'but it shield and protection to commit th hoUle; ts of fraud, comtv-tiun.

and theft ag.nii-i bis creditor. Ai fo- the creditor the: was no lgwl remedy affording rotertton such acts, u-der the rgis of piotf THin give the dishonest debtor, the non-rtsKtnt creditor in many tLstsove. was virtual! robbed. This, perhaps, wis not tiie timvrrsal rule, but unfortunately I bell, ve wat sadly abused in the majority of case In many cases credit far lu exs of w'rnt condition justlfhd was extended: tV i realtor relying on the debtor protecting him to the exclusion of othr creditors unjet ibis law. No law, permitting such i'Ihstm- aots of Injustice, cat be ratioaally defmb-d or condoned.

IslvED NATION AI LAWS. The magnitude and wonderful growth wf our Interstate commerce. Increased by the facility, qub knes sad safety of transit, oar marvelous mail, telegraph and telephone advantages, over ear that are gone, all demaad a National uniform law governing rOfiiva jsw Or Wan. Waa tfcay ael'l awreteau bar- ta ui otaaa WHAT IS H0MF RULES OF THE CONTEST. For the; benefit of the patrons of The Post who are participating in the Educational Contest and for new candidates who may wish to enter, a concise resume of the rules and regulations governing this enterprise is here given: EDUCATION-VACATION TRIPS.

Flan of Distribution. In July thirty young ladies over seventeen years of age will be taken by The Post in a special party to Colorado Springs, Denver hihI Boulder, Colorado. The railroad fare and sleeping cur accommodations for each will be paid to the points named. Return transportation will be given each to return at will. Fifteen who are highest In the contest in alternating districts will receive sums cash for expense in addition to the railroad and sleeping car far.

For contest purposes the field of The Post is divided Into two districts. District No. 1. Houston and Harris county; District No. 2, territory outside of Harris county.

Fifieetwcontestanis in District No. 2 and ten contestants in District No. 1 receiving the highest vote will be awarded the trips as indicated. The one highest irrespective of district will be allowed a lady companion and $100 monev. The one highest in the district not winning this prise will be allowed a lady com pan loo and 175 for expenses.

Alternating Iwtween districts the next th re higheHt wilt each take a lady companion and have respectively Io0 and $49 tar expenses. Alternating between districts In the same manner the next ten highest will each re-cctxe $2fl for ('xpeiise money. The other ten trip will pn to those securing lie highest vote to the total of fifteen In Pistrlet No. and ten in District No. 1.

The contest will be open for approximately elxtv days, the exact date of closing to be announced later. The excursion trip will be made during the month of July. Votes bv coupons or casn subscriptions count In the contest and a candidate can only compete in one division, either for a trip or a scholarship. Any young lady over seventeen years of src of suitable character may enter the contest for a trip. rv A home without GOLD DUST is like The Man Without a Country" all at The wise housekeeper is the one who does her work in the shortest and most economical way.

When it comes to washing clothes, washing dishes, and doors, and cleaning of any kind, the GOLD DUST way is the short and economical way. If you-have been groping in the dark and trying to do your housework without GOLD DUST it is high time you turned over a new leaf. Buy a package of GOLD DUST of your nearest grocer (they all sell it, and sell more of it than all other washing powders combined) and start in the way that has given satisfaction to hundreds of thousands of women. The GOLD DUST TWINS are your humble servants for the asking. What GOLD DUST will do for you SUBSCRIPTION RATES AND CONTEST CREDITS 'Prepaid su post con test, twire an maiiy points being allowed for NEW subscriptions as for RENEWALS for the same The Circulation Manager of The Post will determine whether the subscription has been properly marked "NEW" or "OLD." Credit will then be given according to the following schedule: DAILY AND SUNDAY POST Wash Disbas, Crockerr.

Glassware. Laaips ad Ch toney. Clsaa Psts sbs" Pass. Clsss Sllverwsrs, Zrac.HatalWark.Breasaaad Bric-a-brar Wash aad StsHHas Milk Cass sad dairy ataasils. Maks Hard Wats- SsTL.

Nsks tha Flaws! Sari SsSB. Wash Cross. Clsaa Csthrssss. Tabs, Plaaa, Eta. i Rsensvs Fralt Staters.

Maks as CauUsisa tsr Fiaots and Trees. 1 Wash 0 lathes. Blankets. Linens Ktc Sarah Flaws, Woodwork, Couatsr Shatriac and MaateU. Clean Oil CWk.

Clsaa and Wsssstw Stain fraaa Oartwta. Claaa WlitaWws. Class Pistars Frssass as1 ttlau. Wash Brashes sua Cssshs. Class Straw Mats.

Was Orssa SMaMs. Clsaa Fsatssr Filbnra. I Months New Old Mail Delivered 1 150 75 0.75 0.75 2 300 150 1.50 1.50 450 225 2.25 2.25 4 650 325 2.5 3.00 5 850 425 3.65 4.75 6 1100 550 4.25 4.50 I 7 1250 675 4.90 6.25 1600 800 S.56 6.00 A 1850 925 6.25" 6.75 10 2100 1050 6.90 7.50 11 2350 1175 7.60 S.25 12 3000 1500 YOO 9.00 No soap, borax, soda, r.jiphtha, kerosene or foreign ingredient needed with GOLD DUST, li will do all the work without assistance. THE N. K.

FAJRBANK COMPANY, of FAIRY SOAP SUNDAY POST (Only) Credits Price New Old By Maif 1 Year. 6 500 250 100 50 11.50 .75.