The Mornin' Mail is published every weekday except major holidays
Tuesday, March 24, 2009, Volume XVII, Number 194

did ya know?

Did Ya Know?... The Family Literacy Center will be making chocolate Easter Eggs for $3.00 each. You can purchase the eggs March 16th thru April 12th at several stores and businesses in Carthage.


today's laugh

A farmer went to court over an accident with a trucking company. In court, the company’s fancy lawyer was questioned the farmer. "Didn’t you say, at the scene of the accident, ‘I’m fine’?" asked the lawyer.

The farmer responded, "Well here’s what happened. I had just loaded my favorite mule Bessie into the..."

Twice the lawyer interrupted the farmer, "I am trying to prove that at the scene of the accident, you told the Patrolman you were fine. But the Judge was interested in the farmer’s answer and said, "I’d like to hear about his favorite mule Bessie."

"As I was saying, I had just loaded her in the trailer and was driving down the highway when this truck ran a stop sign and smacked into my trailer. I went one way and Bessie the other. I could hear ole Bessie moaning and knew she was in bad shape."

"The patrolman could tell Bessie was hurting, and got out his gun and shot her between the eyes. Then went to the farmer with gun in hand and said, ‘Your mule was in such bad shape I had to shoot her. How are YOU feeling’?"

A Chronological Record of Events as they have Transpired in the City and County since our last Issue.


The Raise in Rates for Lighting - The Mayor’s Electric Rate Increased.

The raise in rates for the use of gas and electric lights is quite the general topic of conversation about town now. Nearly everybody seems to have been touched in one way or another. Mayor Harrington reports another raise in his lighting rates, this time effecting the electric lights, the price of which have been advanced one hundred per cent. Last month he paid something over eleven dollars for light for hotel dining room at supper only- the morning electric current having been discontinued some time ago, which necessitated proving other means of lighting the room in the morning. The former meter rate was ten cents per kilowatt, which would make his expense for supper lights $22 per month. The Mayor has discontinued his electric lights and said, last night, there would be no more indandescent lamps burning in his hotel until the current was generated from a plant owned by the city.

The raise in rates has been quite general and is received with much complaint and dissatisfaction. A number of the patrons of the company have discontinued using both kinds of light and more contemplate providing other means of lighting or running there places of business on "moon light schedule" until the city’s plant is ready for business.

Shaffer & Lenniger’s Mammoth Minstrels at the Grand Friday night. Twenty star artists.

J.W. Ralston, wife and baby, who have been visiting relatives in and or near this city for some time past, depart tonight for their home at Leon, Kan.



Today's Feature

Council Property Purchase Vote.

The Carthage City Council is scheduled to hear the second reading and vote on proposed land purchases this evening during the regular Council meeting in City Hall at 7:30 p.m.

The actual purchase of the property would be contingent upon the approval of the half-cent sales tax increase to be voted upon April 7 by Carthage voters.

According to information provided by the Carthage Economic Development Corporation, a non-profit organization that is in favor of the proposal, the ten year tax would be used to purchase 700 acres over several years. Approximately 600 acres would be developed in three phases as an industrial park and 100 acres would be uses as a professional park. The development would be located just south of the McCune Brooks Regional Hospital. The majority of the property is currently owned by various Precious Moments affiliated companies.

According to information supplied by the Carthage Economic Development Corporation, the average cost per family would be about $4 per month in sales tax.

Bank Stress Tests List.

Last Wednesday, federal regulators announced that they were beginning the so-called stress tests on the country’s largest banks. One thing that hasn’t been entirely clear: exactly which banks are getting the treatment. Based on the criteria announced by the Treasury Department and publicly available data, we’ve compiled a list of those 19 banks below.

Some, like GMAC and American Express, weren’t banks until a few months ago, when they converted to bank holding companies in order to be eligible for Treasury Department programs. All but one, the insurance company MetLife, which qualifies because it’s a bank holding company, have already received billions from the Treasury. Treasury Secretary Tim Geithner has said the test will be used to assess how much more (if any) in bailout billions these institutions need.

A GMAC spokeswoman confirmed the company was among those participating in the stress tests, but declined to comment further. A MetLife spokesman declined to comment on the tests and referred questions to the Treasury. Spokespeople from both the Treasury and the Federal Reserve declined to comment.

The Treasury has announced that the tests will be applied to 19 U.S.-based bank organizations with more than $100 billion in total assets. These fit the bill:

Name Total Assets (Billions)

1. JPMorgan Chase 2,175

2. Citigroup 1,947

3. Bank of America (not including Merrill Lynch) 1,822

4. Wells Fargo 1,310

5. Goldman Sachs 885

6. Morgan Stanley 659

7. MetLife 502

8. PNC Financial Services 291

9. U.S. Bancorp 267

10. Bank of New York Mellon 238

11. GMAC 189

12. SunTrust 189

13. State Street 177

14. Capital One Financial Corp. 166

15. BB&T 152

16. Regions Financial Corp. 146

17. American Express 126

18. Fifth Third Bancorp 120

19. KeyCorp 105

The assessments, directed by regulators but performed by the banks themselves, will analyze how a bank would fare under a grim economic scenario (some argue not grim enough) in the next couple of years.

Based on those tests, the Treasury will force the bank to raise a specified amount of money – between 1 percent and 2 percent of the company’s risk-weighted assets, though in special cases the Treasury could decide more is needed. If the money can’t be raised privately, the Treasury will provide it. For the biggest banks, like Bank of America and JPMorgan Chase, 1 percent of risk-weighted assets amounts to about $13 billion. If the Treasury decided each institution required the maximum, more than $140 billion would be needed, most of that likely coming from public coffers. The investments will made as preferred shares convertible to common shares.

GMAC, the financial arm of General Motors that also has insurance and mortgage divisions, converted to a bank holding company in December. Then, as part of the bailout of GM and Chrysler, the Treasury invested $5 billion in GMAC. It’s unclear exactly how much more GMAC could get after the stress tests since the company does not publicly disclose its risk-weighted assets, but the extra bailout dough would most likely range from $1 billion to $3 billion.

A number of insurance companies have sought to convert to bank holding companies to get a piece of the bailout, but MetLife, which has been a bank holding company for years, apparently hasn’t applied for aid. As of yet, no insurance companies have been approved.

Just Jake Talkin'


I just don’t get sellin’ pre-cooked bacon. The idea almost matches the absurdity of "artificial" margarine. The package sells for about the same as a twelve ounce regular bacon but only weighs two and a half ounces. That seemed like a real rip off until I noticed that the number of strips in the pre-cooked pack was the same as the uncooked.

The real hoot was readin’ the directions on how to heat up the stuff. They gave direction for microwave, oven and skillet warmin’. All three were basically the same, put it in and heat it up. Pretty much like ya do with regular bacon.

I suppose the extra ya pay would be worth it if you were back packin’ or wanted to save space in the ice box. I never cease to be amazed at time savin’ devices.

This is some fact, but mostly,

Just Jake Talkin.’

Sponsored by McCune-Brooks Regional Hospital

To Your Good Health

By Paul G. Donohue, M.D.

Pimples at 78?

DEAR DR. DONOHUE: I am a 78-year-old male who recently experienced a breaking out of pimples on my face and around my nose. My physician diagnosed it as rosacea. He prescribed tetracycline and MetroGel ointment and the area cleared up. Can stop taking the prescriptions? Perhaps you might explain what rosacea is. -- O.L.

ANSWER: Rosacea (rose-A-shuh) can happen to anyone, but it particularly singles out people who were or are prone to blush easily. The tip of the nose, the cheeks and the chin are the places where the skin stays red and on which pimples break out. In time, tangles of small blood vessels also appear on those places. Without treatment, the nose can become disfigured. For an image of end-stage rosacea, think of the nose of W.C. Fields.

Eye involvement is an unappreciated aspect of rosacea. The eyes feel gritty, water and become bloodshot. In a few cases, the eyes are the only manifestation of this disorder.

Most often, rosacea is a chronic illness requiring chronic treatment. You can stop your medicines if your doctor agrees. The worst that can happen is that it will return.

Stay out of the sun, and always wear sunscreen when going outside. Don’t drink alcohol. Stay away from spicy foods. Hot beverages encourage breakouts.

Contact the National Rosacea Society. The society is more than willing to answer any questions that might arise about rosacea. Its toll-free number is 888-NO-BLUSH, and its Web site is

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