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# LOOKING FOR A SCAPGOAT # IS WILSON ADMINISTRATION As It Fears Business Conditions Will Be Worse Than They Now Are. CONCEIVED IN HATRED BANK DEPOSITORS ARE PAID IN FULL Is Democratic Tariff Bill and is Thus Badly Misshapen Says Townsend. CHAMPION SCULLER KEEPS HIS TITLE (BY ASSOCIATED PRESS) WASHINGTON, July 28.-Senator Townsend, of Michigan, in a speech in the Senate today, characterized the Payne-Aldrich tariff law as the "Gettysburg where the factions of the Republican party were formed in battle array," that led to the triumph of the Democratic party giving it an opportunity to write the pending tariff bill, which he condemned. "This bill, Senator Townsend said, "was conceived in hatred of the American policy of protection and brought forth from the darkness of the secret caucus chamber under the professional charge of one who has never had any experience in business. Is it any wonder that the thing is misshapen and deformed? Is it any wonder American progress and proserity look with disfavor upon it?" Senator Townsend also criticized "executive interference" and caucus domination. Injecting comments on the lobby inquiry in the Senate and House, Senator Townsend said that criticism of improper actions should be based upon unquestioned facts and not upon innuendo or falsehood and continued: "Today as at all times in the past the sensational is too prominently featured and too little at- Receiver Highland of Smithfield Bank Sends Out Notices to That Effect. The creditors of the Bank of Smithifield will be paid the face amount of their claims on or before August 1, 1913. Notices have been sent to the creditors whose addresses are known by the receiver, C. B. Highland. The stockholders of the bank have agreed to put up enough money to pay the face of all the claims in order that the matter may be settled up at once. The stockholders of the bank are heavy loser's having lost all of their original stock and surplus and have put up enough money necessary to pay the face of the claims against the bank. It was necessary for some of the stockholders to pay in more than 100 per cent of the original stock on account of the fact that some of the assessments could not be collected, the parties being insolvent. The loss to the stockholders will amount to between $50,000 and $60,000. The receiver has notified all of the creditors of the bank of the above arrangement and is busy mailing out vouchers to the creditors. When the bank closed it was not thought the creditors would be paid fifty per cent and it is surely good news to the many depositors that they will be paid the full face of their claims.